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REPRESENTIN'G TH E IN D U ST R IA L AN D COMMERCIAL IN TERESTS OP TH E U N ITE D STATES#
[Entered according to Act of Congress, In the year 1895, by the W i l l i a m B. D a n a C o m p a n y , in the offlee of the Librarian of Congress.]
VO L 60.
SATURDAY, MAY 4, 1895.
he
The week’s total for all cities shows a gain of 20*7 per cent
over 1894.
The decline from 1893 is 5’8 per cent and the fall
ing off compared with 1892 is 6’4 per cent.
Outside of New
York the aggregate for the current year exhibits an excess,
as compared with 1894, of 9‘8 per cent, but contrasted with
1893 there is a loss of 9'8 per cent.
The decrease from the
1892 figures reaches 3’5 per cent.
W h cou id t.
PINE STREET, N. W. CORNER OF PEARL STREET, N. Y.
CLEARING HOUSE RETURNS .
For the month of April and the four months the exhibit
is as follows :
April.
1895.
1894.
Week ending April 27.
Four Months.
P.CI
1895.
1894.
.
.
Omaha........... .
S t. P aul...........
D e n v e r ....
.
D u lu th ....
.
St. Joseph ....
S io u x City ...
Des Moil
L in c o ln .
T op ek a ....
F rem on t..
H astings..
54,270,043
4,491,344
5,044,500
2,203,891
2,455,110
4,994,304
2,040,3 8
1,469,988
273,674
Clearings at—
P.Ot.
1
3
$
f
... 2,373,478,979 2,018,318.18 8 +17* 6 8,873,333.63 5 7,956,733,58 5 4-11*5
a.. 288 538,54 2 261,330,08 8 +10- 4 1,080,295,90 i
960,434,71 +12-5
B altim ore.. ...
59,234,6» 8
52,934,43 2 t l T B 220,188,10
215,364,09 +2-2
Pittsbur,
...
67,484,05 »
58,139,99 0 410*
210,565.20 +5-5
222,237.14
.. .
10,943,00 3
Buffalo..
15.155.33 4 41V ì
60,767,84 : +7*3
65,206,74
l..
8,068,44 0
6,959,21 6 +15- i
30,611.40
26,30o,27 +16*4
6.170,12 1
R o ch e s te r.. ..
5.821,02 [» +023,615,83 +7-7
25,473,07
4,017,67 1
Syracuse.
3,431,39 +1714,783,-35
13.759.47f +7*4
..
8,107,49 7
432,997,98
12,111,614
12,594,20:l —3-8
3,222,86 9
S cra n ton . ..
2,769 46 +l«-t
12.113.99Í
11,002,45. +101
..
1,521,50
1,503,70< +1-5
6,460.50(
5,633,00( —3-0
le 2,»31,777,97 2,429,366,81' +16'( 10,561,820,78 9.490,800,371 +11-2
B o ston ....
.. 389,016,96
334,694 S9d fl5*i
Provident
21,905.90
ï/.eü&ôôt +23-Í
85,787,80t
73,412,70t 3-16-9
H artford.
8,350,29' +11-S
37,683,854
34,211,87t + 10 1
6,01i,o6
5,594,42 ¡ +7'£
22,967,72! +1-2
23,241.81?
..
5,935,41t
4,906,99. +21’(
21,073.941 +10-8
23,353.721
5,419.65: !
W orcester..
6,176.205 + 4 ,r
19,191,246
21,038,976
P o rtla n d .... ..
5,481,98! !
5,000,64' +9-1
Fall R iv e r..,
3,450,08,
3,275,25 +5-S
13Ì043Ì291
13,’o57¡59é —0 Ï
2,670,891 i
L o w e ll........ ..
2,496,26 +7-(
fl.
1,892,791
1,733,13S +9-2
6,’415.68E
7,523.912 —14*7
lg 451,131,581 388,925,17t +10*1 1,696,042,910 1,586,881,010 +0 9
C h ica g o....
338,026,597 +5-8 1,421,153,927 1.344.050.580 45-7
Cincinnati. _
60,034.551
64,lò9.40( +4-0
208,015,300 +2-7
213,090,550
18.004.18S
I6.778.75Ï + 7-Í
71,807,250 +6-1
70,251,598
D etroit.. ..
23,681.34] ,+Vi
97,318.181
90,855,277 +7-1
..
21.928.65S
C levelan d .
18,552.067 + 2 3 1
73,108,380 +16-3
85,042,138
16,999,100
13,979,20( +14-5
54,287.000
55,510,200
8,115,06(
P e o r ia .
7,976,92t »-1-7
27,549,35(
36.807.049
5,*37.76S
4,917,16» +0"5
19,809,88t -4 -6
18,907,5-<2
S.
3,666,204
3,041.196 4 20-6
12,757,106 414-6
14,618,593
1,045,434
1.418.33Í +16-0
6,193.319
5,810,927 +6-5
.
1,550,510
Saginaw..
1,091,90S -t-42’0
4,541,301 +24-9
5,671,840
..
1,196,191
Bay City..
1,059,212 »12-9
4,122,103 +15 3
4,754,362
963,50t;
A k ron .. . . ___ .
711,669 +35-4
3,744.038
2,774,533 +35-0
710,778
Springfield...
683,102 +4-0
2,856,448
3,048,102
.
882,300
Canton.
707,817 -1-24-7
2,900,121
2,396,481 + 21 3
1,040,000
»00,0oC t-15-6
• 3,743,404
3,398,160 +10-2
.
1,066,917
1,000,000 +6-7
4,051,210 -0 -4
4,033,393
t. 521,657,111 488,685,292 +6'7 2,052,955,403 1,932,257,304 4-6*2
0.
.
y
S eattle..
.
T a co m a , ___ .
L os A ngeles. .
.
Spokane.
Sioux Falls... .
F a r g o ..
C
New York..............
Philadelphia.........
Pittsburg...............
Baltimore..............
B u ffa lo ............. .
W ashington...........
R ochester................
Syracuse..................
W ilm ington............
S cra n to n ...............
Bingham ton...........
T otal M iddle.......
B oston .........
Providence..
H a r t fo r d ....
New Haven..
Springfield..
W orcester...
P ortland......
93,050,015
4,682,000
2,026,010
1,340,237
1,301,744
1,179,522
T ot. Mid. W est’n,
83,109,091
11,965,»50
3.901,435
5,021,155
4,564,196
3, »15,300
1,838,611
1,137,001
97«, 480
843,275
300.600
254,356
224,174
124,718
178.004
227,237
218,088
118,305,031
79,822,759
11,812,100
4.100,862
4,804,242
4,064,080
3,097,800
1,807,686
930,778
683,905
333,488
218,614
275,119
142,838
118,157
141,423
259,133
216,465
112,840,449
Total P acific......
11,334,727
820.090
1,413,283
4 55.001
554,832
1,235,243
534,020
270.090
57.4151
169,495
16,840,250
12,782,581
1.249,290
1,068,490
«85,858
543,561
770.282
585,112
243,104
121,098
116,000
18,179,42d
8,927,258
5.907,814
3,118,519
3,287,543
2,576,129
1,500,000
1,110,523
514,927
1,494,356
271,657
492,922
414,870
72,197
04.608
29,753,29a
9,118,077
4.692.P07
4,830,351
2,659,126
2,711,404
1,767,306
1,201,692
687,429
1,345,231
411,734
458,767
437.096
90,233
80.500
30,497,913
24,098,861
8,215,972
5,830,233
2,372,442
1,754,718
2.319,489
1,684,075
1.801,955
891,690
804.223
1,018.897
903,603
892,631
684,751
344,389
340,000
212,713
340,504
54,210,642
19,354,252
6,429,238
6,092.218
1,933,995
1,954,210
1,740,798
1,352,875
1,239,073
796,239
705,965
978,825
895,768
676,875
593,554
267,137
392,869
173,762
44.077,433
41,808,050
39,794,989 +5-2
22,713,791
20,978,232 +8-3
14,458.056
21.774.1.34 +33-6
14,359,981
12,149.530 +26-4
11,434,143
12,288,528 -6 -9
*6,500,000
7,370,876 -11-8
5,618.719 —3-9
5,400,073
2,431,218
3,013,845 -19-3
5,710,4251
4,893,805 t-16'7
1,486,0891
1,930,409 -23-0
2,087,268}
2,072,320 +0-7
1,722,590
1,896,437 —9-2
277.372
375,758 -2 6 2
246,496
369.392 -33-3
131,636,107 134,527,474 —2-1
161,444.204
86,439,350
60.734.252
61,916.495
45,059,209
27 380.0u0
23.888,916
9,288.171
18,214,30«
6,447,947
9,056,774
7,804,288
1.176,974
988.943
519,776,828
154,240.751 +4*7 *
83,262,659 +3-8 o
81,478,028 —25*5 a
50,570,096 +22-4 f
45,967.859 -2 -0 r
30,031.244 -8 -8 g
25,264.550
11,325.395 -18-0 ?
16.821.C20 +8-3 £
8.318.055 -22-5 v¡
8.983,088 +0-8 t
8,098,451 - 2 9 p
1,514,»97 -22-4 £
1.498,561 - 3 4 0 W
Tot. other W est,
627,319,354 —1-4
St. L ou is.......
New Orleans.
L ouisville.......
G a lveston ....
H o u s to n ........
574,990,932 440,892,372
64,70»,428
68,239,385
16,094,050
13,756,283
12.770.800
11,592,647
3,804,880
8,386,077
1,773,081
1,696,007
1,508,583,
1,207,892
853.009!
700,539
090,830
684.500
748.266
700, »45
316,200
292.500
678,811,019 533,298,947
Total New E n g ...
213,201.599 —1-4
16,155.228
19,993,078 -1 -9
9,765.737 - 2 0 2
10,016,930
3
15,7«6.405
9,667,841 -0 -4
4,626,218 +2^*8
2,174.984 -50-0
2,140,066 +5-3
303,588,086 - 0 2
77,863,188
t
731.442
676.719
320.212
106,578,609
210,674,300
17.818.711
19,623,718
7,796,308
9,126,810
18,992,375
9,630.616
5.867,830
1,089,800
2,254,007
302,874,505
I
s
r¡
j.
g
q
*
*
1894.
80,718,458
8,995,000
1,060,074
1.133,398
1,052,053
1,127,006
1,095,878
766,5s9
633,421
337,801
92.519,738
-4 -2
—7-2
-1 -4
-22-4
+3-5
+19-2
—ü-6
+37-5
—40" 7
+9-0
-3-1
56,629.775
4,838,191
5,118,140
2.839,121
2,373,239
4,188,444
2,184,592
1,068,4 *0
513,372
669.021
80,3¿¿,231
1,210,10»
105,258,058
88,598,590 418-8
405,076,067
308.148.729
39,148.718
3o,718.7t0 +27-4
158.848.474
159.270.702
25,583.315
24,839,54» +3-0
106.C01.132 —2-2 g
104,259.287
10,444.843
+32-4
7,890,435
37.476,634 416-7 H
43,738,610
9,066,794
7,088,312 -i-27'9
41.641,224
35.500,592 4 i ’ -3 r
9.722,1»6
8,626,100 4-12-7
40,2- 0,957
37,286,208 4 8 0 a
8,053,005
6.7V0.218 418-2
35,520,0ál
32,019,943 flO-8 M
Memphis........
8,377,584
5,990,184 ■H$9*6
2 7,493,453 4140 a
31.353,258
Atlanta .......
4,819.456
4,221,432 414-9
18,920,311 +2-2 N
19,331,664
N a sh v ille.. . .
3,991.545
3,961,137 +0-8
15,674,448
16,387,224
D allas............
4,828,194
4,371.768 flO-5
19,596,812 +7-7 isr
21,109,205
N o r fo lk ........
4,160,130
4,727,469 -12-0
16,095,564
16.300,412
Waco...........
4,573,244
18,225,087
2,484,804 -84-1
10.838.477 4 68-2 pF ort W orth ..
3,278,873
2,135,190 h53-5r
11,179,695
14,705,487
1,408,229
Birmingham.
1,313.444 -11-8
5,727,642
5,342,054 +7-2 T
1,534,093
J ackson ville.,
1,873,933 -18-1
6,089,59/
7,035,777 -12-4 ¿I
1,099,795
C hattanooga.,
878,605 -25-2
3.884.004
3,554,168 + 9 3 y.
T otal South, 245,438,022 206,509.98» -18-9
982,861,222
912,809,707 +7'7
T otal Southern..
T otal all...... 4,259,564.047 ,728,336,966 414-3 6,116,391,650 1 4,759,715,335 4-9-2
1,004,559.480
Outside N. Y. 1,886,085,068 .710,018,778 410-3 7,243,058,014 0,802,981,750 +6-5
429,632,548
M ontreal........
41,905,989
40,942.250 + 2-4
170.540,475
164.932,357 +3-4
21,900,821
T o r o n t o .........
21,473,1»5
92.748,308
90.839,646 +2-1
4,277.218
H a lifa x ..........
4,467.920 —4-2
17.538,059
18,125,696 -3 -1 M
10,111,937
'W innipeg.......
3.093,079
2,958,886 +4-6
12,810,658
13,982,180 - 8 '4 T<
5,138,071
2,610.823
H a m ilton ......
3,078.330 -15-2
10.263.073
11.576,769 -11-3 H
821.718
711,384
T ot. Canada.
73,847,925
79,920.587 +1-3
303,930.6331 299,4ö6,ö48| + V
1 ñ5 „W
499.350
* Estimated.
Total
Canada..
____________________17,282.460
tW For table of clearings by telegraph see Page 77 8 .
N ot included in to ta ls.
NO. 1558.
832.019,906
391,127,534
8,769,024
4,635,225
991,350
589,990
544.771
15,530,966
1895.
P . Cent.
+30
1893.
1892.
$
589,835.680
65,270,572
17,218,112
12,518,868
3,758,997
2.1T9.265
1,331,017
858,066
833,998
64.979,831
16,375 897
13,052,756
3,308.471
1,794,623
1,279.909
810.364
863,842
+27
228,700
694,628,356
228,100
738,937.599
87,830,001
1.763.800
1.939.602
1,291.351
1,250,463
1.303,063
1,907,986
+15-
90.054.582
5.186,200
2,022,745
1,351,635
1,600.809
1,376,552
1,272.502
807,726
724,054
470,983
103,539,688
+11
--21
--10
--12
+4'
+19'
+12'
+0'
+
«■
+8'
+P
+1-5 +4"
+12+26+1+21-;
+42,!
4-29-
-j-67-1
+7'
+50-!
+ 5-1
+25-!
-12-:
+0-'
+4-!
—11-:
—34-;
+32-:
—33-'
+2-0
+00-4
-8 -7
+13.5
—52-0
+38-7
—7-4
-2-1
+25-9
—85-5
+23-6
—5-0
—15-1
—7-6
+11-1
—25-i
-34-0
+7-4
-5 -1
—20-0
—1»-7
+2*4
875,095
377,415
100,688,836
103,390,538
13,060,850
9,201,370
0,182,687
5,705,750
3,638,300
1,714,100
1,600 e78
1,000 320
293,713
373,230
217,277
251,248
185,423
190,000
88,008,037
12,521,550
-6108,074
5.860,109
1,834,962
1.033,000
1.750,858
2,095,306
790,048
336,475
270,015
147,131,480
127,573,645
14,932,388
1,577,917
1,357,490
912 765
923,024
995,846
827,430
725,564
143,872
15.838,284
1,830,079
2,233,208
836.930
800,119
633.026
870,615
22,396.902
20,184,811
11,964,945
6,110,930
7,205,447
4,185.445
4,538,405
2,035.878
1,522,352
95»,407
1,231,267
533,747
549,428
392,550
127,825
9,081,085
5,460,530
5,990,326
4,049,042
4,586,158
1,570.817
1,408,271
1,-038,561
1,313,788
617,817
545,566
377,008
132,288
198,609
130,000
41,358,132
36,780,247
+12-0
+5-0
+4-1
+0-9
+31-9
+15-4
+23-9
—13-5
+22-4
23,762,901
9,474,850
«,356.851
2,885,070
1,935,750
2,101.118
1,108,714
1,652,268
1,000.522
1,113,742
983,287
746,053
502,731
870.050
520.274
423,771
338,460
22,820,171
8.985,214
6,031,9*0
1,751,081
1,521.321
2,342,974
1,092,493
2,410.460
1,301,489
1,696,225
859,345
780.185
500,000
895,700
565,156
+21-3
55,397,012
54,058,124
+24.5
+27.8
+14-5
+22*7
—10-2
+33-3
+24*5
+45-4
398,400
+20-7 1,005,852,169 1,073,229,252
+9-8 476,016,489 444,984,956
—15-3
—17-1
8,884,810
5,428,745
931,828
13,583.375
6,268,918
+8-3
+11-3
587,834
15.833,217
678,987
17.631,280
+10-8
+20-6
l,ll>0,C00
THE CHRONICLE.
766
rvoL.
l x
:
Clearing-House was not in operation, so that in thatyear all the business of the Exchange was cleared
The conspicuous feature has been the weakness and through the banks, swelling the volume of such bank,
lower rates for foreign exchange, induced by the pres clearings. Bearing all these differences in mind, the
sure of large offerings of bills drawn against securities favorable comparison with the years mentioned is a
placed in Europe, accompanied with increased activity very gratifying fact, and it would seem to indicate that
and an improving tendency in prices at the Stock E x the volume of commercial and financial transactions is^
change. Nearly all the leading hankers have had now on a very large scale. It only remains to say that
more or less of these bills for sale. Such a movement for the current week— the week ending to-day and
evidently represents the logical sequence of the Syndi comprising the first four days of the present month and
cate transactions of last February. This latest phase in the last two days of April— the indications point to*
the development shows that the new confidence which another very satisfactory showing. The ratio of gain
became an established fact here some time since is now over 1894 is not quite so large as for the week ending
everywhere felt in the American situation. Promin the 27th, but our telegraphic figures published on
ent also among the incidents of the week is the settle another page foreshadow an increase of 15*5 per cent.
Much comfort is also to be derived from the favor
ment of the differences between the coal companies
able
returns of railway net earnings which have come
under an arrangement to mine coal only three days in
to
hand
this week for the month of March. Of course
each week during May.
the
grain-carrying
roads in the Northwest and the
Evidences of business activity multiply on every side.
Southwest
continue
to
show losses as a rule on account
The statements of bank clearings are beginning to re
of
last
season's
poor
crops,
but from other sections
flect this activity. In another part of this article we
and
particularly
those
sections
where manufacturing
giye the clearings statement for the month of April.
It makes a much better comparison with last year than industries predominate— we are getting generally quite
any preceding month of 1895, showing 14*3 per cent good exhibits. The Burlington & Quincy, which re
increase for the country as a whole and 10 *3 per cent ports $340,969 decrease in gross and $244,885 decrease
increase outside of New York. In March the increase in net, and the St. Paul, which reports $259,560 de
for the country as a whole was only 7*4 per cent, in crease in gross but only $28,806 decrease in net*
February 6*3 per cent and in January 8*5 per cent. belong to the former class. The Pennsylvania, the
Excluding New York, the ratios of gain in the Erie, the Beading, the Cleveland Cincinnati Chicagosame months were respectively 5’0 per cent, 4*1 & St. Louis, etc., belong to the latter class. We re
per cent and 6*2 per cent. It may be thought ferred to the Pennsylvania Railroad figures last week,,
that
the comparison is with less favorable and also to the good showing made by the Central of
results last year than was the case in previous months. New Jersey, notwithstanding the demoralization
On the contrary in April last year the percentage of which existed during the month in the an
decrease had been smaller than in the earlier months, thracite coal trade. The Philadelphia & Reading
notwithstanding the inauguration of the general strike also has a very favorable statement for the same
in the bituminous coal regions— being 25*1 per cent month, showing for the Railroad Company $151,688against 30*8 per cent in.March, 36*9 per cent in Feb increase in gross and $90,162 increase in net, and for
ruary and 32*2 per cent in January. It is true, how the Coal & Iron Company $401,281 increase in gross
ever, that the month of April 1895 contained one more and $196,780 increase in net. The Erie, which is both
business day than the same month of 1894, there hav a coal road and a trunk line, has enlarged its gross
ing been only four Sundays the present year against $169,338 and it 3 net $114,374. The Cleveland Cincin
five last year. On the other hand, the advantage from nati Chicago & St. Louis, an important system in the
that circumstance was to a large extent offset by the Middle Western States, reports $46,960 increase in
fact that Good Friday, which is a semi-holiday here in gross and $34,980 increase in net. The Peoria & East
New York and a full holiday at a number of other ern, one of its leased lines operated separately, has
points, came in April this year, while last year it fell done even better than this, having more than
doubled its net for March and nearly doubled it fo r
in March.
The most favorable feature in the month's clearings the fiscal year to date— that is, it reports net of $40,086is yet to be mentioned. The closing week— we mean against $20,042 for March, and net of $333,241 against
the week ending April 27— shows the best results of $186,441 for the nine months. The other returns o f
all. For that week the gain is no less than 20*7 per net received this week are reviewed at the close of this
cent. Not only that, but the figures make a surpris- article.
Money on call, representing bankers' balances, has
ingly good comparison with both 1893 and 1892.
These latter were years of full business activity, yet been in liberal supply at the Stock Exchange this
the 1895 aggregate shows a decrease of only 5*8 per week. The movement of currency from the interior
cent from that for 1893 and 6-4 per cent from that for continues large, Treasury disbursements have been
3892., To understand the significance of these small fairly liberal, and the foreign bankers have sought
ratios of decline, the fact should not be overlooked employment for the proceeds of their bills. Conse
that nearly all products and manufactures now sell at quently rates have ruled low, the bulk of the busi
much lower prices. There has latterly been a consid ness being done at 1^ per cent, with some loans
erable rise in the prices of a great many com at 1 per cent and a few at 2 per cent. The average for
modities, but as compared with 1893 or 1892 the week was about 1^ per cent. Banks and trust com
prices for 1895 are still low. As affecting the re panies quote l i per cent as the minimum for new busi
sults here at New York, it should also be remem ness. The lenders of money on time have this week
bered that speculation on the Stock Exchange, though met the views of borrowers, and rates have been re
having increased considerably* is yet much smaller duced; but the demand is only fair and not much busi
than it was in either 1893 or 1892. Furthermore, in ness has been done. Quotations are 2 per cent forat least the earliest of these years the Stock Exchange thirty days, 2-| per cent for sixty to ninety days*,
THE FIN A N C IA L SITUATION.
May 4, 1895.]
3 per cent for four and 3
per cent for
five to six months on good Stock Exchange
collateral. Large amounts of money have been loaned
to New York City and to Boston and other cities at the
East, which are borrowing in anticipation of the col
lection of taxes. Some of these loans, maturing in
October or November, have been made at 2 f per cent,
while others have been at 3^ per cent. One feature of
the commercial paper market has been the offering of
a large block, made by a prominent capitalist of Chi
cago, some of which has been taken as low as 2§
per cent, though it had four months to run,
but this was regarded as exceptionally good, and
there has been some Boston city paper maturing in Nobember offered at 2£@3 per cent. Very choice six
months single names have sold at 3£@4 per cent, and
one lot having seven months to run was placed at the
same rate. The supply of dry goods, grocery and mis
cellaneous commercial paper, though good, is insuffic
ient to meet the inquiry and almost every bank in the
city is in the market, some institutions buying which do
not usually seek paper in the Street. Quotations are 3
per cent for sixty to ninety day endorsed bills receivable,
3^@4 per cent for four months* commission house
names, 3 f@ 4 per cent for prime four months, 4@4|
per cent for prime six months and 5@6 per cent for good
single names having from four to six months to run.
The feature in Europe this week has been some
slight tension resulting from the tripartite protest by
Russia, Germany and France against some of the terms
of the Japan-China treaty of peace. The effect upon
discount rates at the chief centres has not been mate
rial. The Bank of England minimum rate of dis
count remains unchanged at 2 per cent. The cable re
ports discounts of sixty to ninety-day bank bills in
London 13-16 of 1 per cent. The open market rate at
Paris is I f per cent, and at Berlin and Frankfort it is
I f @ l f per cent. According to our special cable from
London the Bank of England lost £456,011 gold dur
ing the week and held at the close of the week £37,036,271. Our correspondent farther advises us that
the loss was due to exports of £600,000, wholly to the
Cape, to £153,000 sent to the interior of Great Britain,
and to imports of £297,000, of which £208,000 came
from the Continent and £89,000 from Australia.
The market for foreign exchange has been easier this
week, though the changes in nominal rates and in
those for actual business have been only fractional.
The important factor has been offerings of bills by
nearly all the leading drawers, including the Syndicate
bankers, against securities placed in Europe. It is
reported that in addition to the Southern Eailway
stock and bonds announced last week a3 having been
sold abroad the Syndicate have contracted for the
$8,500,000 Manhattan Railway 4 per cent bonds which
will be issued to retire New York Elevated Railway 1st
6 per cents, and that these will find a ready market in
Europe. It is said that altogether about $10,000,000
of various kinds of securities have been sold in Europe
by the Syndicate. The amount disposed of by other
bankers it is difficult to estimate, but it must be large,
for not only have current demands for exchange for re
mittance been satisfied, but bills which were sold
sixty or more days ago by and for the Syndicate
have been at least partially covered. The market
opened on Monday without important change and it
was dull and steady, with a very light supply of com
mercial bills. The Bank of Montreal advanced the
long rate half a cent, and on the following day Lazard
767
THE CHRONICLE.
Freres reduced both long and short half a cent. The
tone was then easy, though chiefly for sixty-day bills,
rates for actual business in which fell off fractionally
On Wednesday Brown Bros. & Co. reduced their
rates half a cent for both long and short and
the Bank of British North America lowered the
sight rate half a cent. The market was still
easier and then concessions were made in rates for
actual business in short sterling and in cable transfers,
but it being a holiday in Lendon, and the news
regarding the preparations by Japan to resist interfer
ence by the Powers being such as to make some
bankers apprehensive that the London discount rate
might be affected on the following day, there was little
disposition to draw. On Thursday the market was
easy in the morning, but later in the day it grew
steadier, and it so closed yesterday. Bankers report
that the margin of profit is still very small and there
fore there is much interest felt regarding the compli
cations in the East, and the European discount mar
kets are likewise closely watched. The following table
shows daily posted rates of exchange by leading
drawers this week.
Mon..
Tues.,
Fri..
Apr. 26, A pr. 29. A pr. 30.
89
89
8P
Brown B ro s....
90«
90«
90«
89
89
Baring,
(60 days.. 89
90«
90«
Magoun & Co. \Sight...... 9 0 «
39
89
Bank British
(60 days.. 89
90«
90«
No. America.. ( Sight...... 9 0 «
89
89
Bank o f
(60 da ys.. 8 8 «
90
90
Montreal....... \Sight’..... 90
89
89
Canadian Bank (60 da y s.. 89
90
90
o f Commerce. <Sight...... 90
89
89
Heidelbach.Ick- (60 d a ys.. 89
90«
90«
elheimer & Co { Sight...... 8 9 «
89
89«
89«
Lazard Freres.. j g^ght5/ ‘ 9 0 «
90
90«
89
89
Merchants’ Bk. { t)0 days.. 89
90«
9
0
«
9
0
«
o f Canada.... t Sight.......
W ed.,
May 1.
88«
90
89
90«
89
90
89
90
89
90
89
90«
89
90
89
90«
Thurs.,
May 2.
88«
90
89
90«
89
90
89
90
89
90
89
90«
89
90
89
90«
Fri..
May &
88«
90
89
90«
89
90
89
90
89
90
89
90«
89
90
89
90«
The market closed steady on Friday at 4 88£@4 89
for sixty day and 4 90@4 90^- for sight. Rates for
actual business in sterling were 4 88@4 88£ for long,
4 89@4 89£ for short and 4 89^@4 89-§- for cable trans
fers. Prime commercial sterling was 4 87^@4 8 7 f and
documentary 4 87@4 87i*
We have reviewed the bank clearings for April quite
at length in the earlier portion of this article. In pre
senting the statement here in our usual form, one or
two further facts may be of interest. From an analysis
of the figures for the different sections it will be seen
that the improvement is most pronounced in the East
ern section of the country, comprising the manufactur
ing and financial centres, and in the South. In the
remoter parts of the country the effects of last season's
short crops are still apparent, making the clearings less
satisfactory. For the entire country the increase, as
noted above, is 14*3 per cent. For the New Eng
land section the increase is 16 per cent and
for the Middle section, comprising New York, 16'6 per
cent, New York by itself showing 17*6 per cent gain.
For the Southern section the improvement is as much a8
18*9 per cent. On the other hand, in the Middle West
ern section the increase is only 6*7 per cent, while both
the Far Western section and the Pacific Coast section
record decreases— the first-mentioned 2*1 per cent and
the last-mentioned 3*1 per cent. The following is our
customary monthly summary of the totals for the whole
country.
MONTHLY CLEARINGS.
Month.
January
F ebruary..
M arch.......
Clearings Outside New York.
Clearings, Total AU.
1895.
1894.
P . at.
1895.
1894.
P .C t •
9
9
9
$
4,407,412,660 4,060,598,771 +8-5 2,012,770,245 1,895,034,715 + 6 ‘ 2
1,546,705,226
+6-3
1,486,402,544
3,210,442,334
8,411,146,453
+ 4.1
4,033,238,490 3,760,337,264 +7-4 1,797,497,475 1,711,526,713 + 5 ‘0
1st quar.. 11,856,827,603 11,031,378,869 +7-5 5,356,972,946 5,092,962,972 + 5 ‘S
April...........
4,259,564,047 3,728,336,966 +14-3 1,886,035,068 1,710,018,7781+10‘S
768
THE CHRONICLE.
With reference to the showing for the separate cities,
it is quite noteworthy that taking the New Eng
land section, the Middle, the Middle Western
and the Southern, only two points are to be
found which are obliged to report diminished clearings, namely Norfolk, Va., and Jacksonville, Fla. In
the Far Western group, however, eight of the fourteen
places show declines and in the Pacific group six of the
ten places have fallen behind. The following is a com
parison for four years for a number of the leading
cities.
/000,000s
omitted.)
Hew Y ork ...
d h ioa go......
Boston..____
Philadelphia
fit. L o u is ....
San Fran’co.
Baltim ore...
P ittsb u rg...
Cincinnati...
Hew Orleans
Kansas City.
Louisville...
Minneapolis.
Milwaukee..
Detroit.........
Buftalo.........
Providence..
Omaha........
Cleveland...
Denver........
St. Paul.......
Total.........
Other oities..
Outside N. Y.
[V ol . LX.
The Canadian Pacific reports net of $392,287, against
$413,371 ; the Chicago Burlington & Northern $34,250,
against $35,185 ; the Iowa Central $40,555, against
$61,304 ; the Kansas City Fort Scott & Memphis $129,771, against $132,615 ; and the Kansas City Memphis
& Birmingham $9,743, against $7,361. Below is a fouryear exhibit for a number of roads :
1895.
Name of Road.
Buff. R och. & Pittsburg...... Gross
Net
Canadian Pacific................... Gross
Net
BANK CLEARINGS AT LEADING CITIES.
Chicago Burl. & Northern. .Gross
Net
-----April----------- January 1 to Apr. 30.---- .
Chicago Burl. & Quincy...... Gross
1895. 1894. 1893. 1892. 1895. 1894. 1893. 1892.
Net
$
$
$
$
$
$
$
$
Chicago Mil. & St. P a u l....G ross
Net
2,373 2,018 2,806 3,075 8,873 7,957 12,685 13,122
ross
358
338
440
384 1,421 1,344 1,736 1,551 d e v . Cin. Ch. & St. L ouis...GNet
389
335
428
403 1,455 1,366 1,728 1,614
Peoria & Eastern............... Gross
289
261
Net
304
318 1,080
960 1,265 1,288
105
89
108
103
405
368
424
398 Denver & R io Grande.......... Gross
Net
54
57
62
65
211
213
255
258 Iowa Central....................
Gross
59
53
60
61
220
Net
215
245
263
Kan.
City
Ft.
Scott
&
Mem.Gross
67
58
71
67
222
211
251
246
Net
57
54
59
59
214
208
251
241 Kan. City Mem. & Birm ....... Gross
39
31
43
39
159
159
Net
202
184
42
40
47
39
161
154
185
155 Louisville & N ashville.........Gross
Net
26
25
31
31
104
107
137
122 Minneapolis & St. L ouis.....G ross
23
21
32
29
86
83
Net
121
118
18
17
41
26
76
72
153
109 N. V . Lake Erie & W est.......Gross
Net
24
24
30
28
97
91
126
107 N. Y. Ont. & W estern............Gross
17
15
18
15
65
61
60
Net
77
22
18
25
23
86
73
109
92 Philadelphia & R eading....G ross
Net
14
22
27
22
61
81
119
90
Coal & Iro n ..........................Gross
23
19
25
23
85
73
103
91
Net
11
12
22
21
45
46
88
81 Rio Grande W estern......... ..Gross
Net
15
12
19
21
62
51
82
81 St. Paul & D uluth..................Gross
Net
4,025 3.519 4,698 4,852 15,188 13,891 20,342 20,277
Southern Railway.................Gross
234
209
254
235
928
869 1,067
974
Net
San. A nt & A rans. Pass.......Gross
4,259 3,728 4,952 5,087 16,11614,760 21,409 21,251
Net
1,886 1.710 2,146 2,012 7,243 6,803 8,724 8,129 Sav. Amer. & M ont............... Gross
Net
$
255,964
78,550
1,193,959
392,387
138,350
34,250
2,378,886
868,317
2,256,237
1,035,537
1,102,301
285,412
150,308
40,086
481,787
173,859
124,556
40,555
389,548
129,771
80,571
9,743
1,609,109
554,521
147,289
71,103
*2,199,579
*651.916
298,024
80,814
1,686,633
733,192
1,648,791
123,710
168,602
54,108
98,531
29,232
1,603,118
453,848
139,979
23,472
37,309
2,089
1894.
$
223,774
74,733
1,382,119
413,371
137.134
35,185
2,719,855
1,118,202
2,515,797
1,064,343
1,065,342
250,432
137.065
20,043
480.468
177,506
156,125
61,304
420,370
132,615
82.956
7,361
1,658,489
616,859
143,845
55,666
*2,030,241
*537,542
288,366
80,595
1,584,844
643,030
1,247,510
def.73,070
148,629
36,445
95,034
20,554
1,662,471
416,039
102,932
def. 1,683
36,032
def. 1,346
1893.
$
274,089
71,725
1,568,462
607,8u6
206,397
85,007
3,967,559
1,131,785
2,851,507
1,048,526
1,202,447
317,527
141,013
21,969
731,801
321,042
171.220
58,548
513,481
149.580
101,897
23,901
1,892,514
628,974
160,113
62,075
2,644,650
933,654
314,196
56,484
2,059,025
»23,656
1,974,667
81,442
179,720
55,889
131,856
39,500
1,685,778
491,728
134,714
8,582
43,805
2,678
1892.
%
230,00
61.16
1,589,799
503,406
185.385 6
73,053
3,252,756
1,178,233
2,877,043
1,124,638
1,178,795
300,637
146,865
41,647
698,733
279,579
146,990
39,291
465,698
119,384
90,217
11,611
1,758,407
664,518
163,473
77,765
2,472,480
869,890
251,916
41,427
1,820,593
190,607
53,400
149,310
60,180
1,635,418
484,389
37,212
13,188
We have alluded above to the greater activity prev
* Figures fo r 1895 and 1894 given on a basis slightly different from that fo r the
alent on the Stock Exchange.
In April, 1895, the previous years.
share sales reached 5,036,710 shares, while in April,
The following statement gives the week’s movements
1894, the sales amounted to only 4,024,651 shares. In of money to and from the interior by the New York
1893, however, the aggregateof the sales was 6,271,083 banks.
shares and in 1892 6,815,142 shares.
SALES O F STOCKS AT THE NEW T O B K STOCK EXCHANGE.
1895.
Month. Number
of Shares.
J a n .... 8,243,905
F e b .... 3,024,032
March. 5,128,539
$
318,422,500
800,314,750
499,445,800
Istq r 11,896,476 1,118,183,050
April... 5,036,710
482,468,355
C u rren cy........................
G o ld ...................................................
1894.
Values.
Par.
Actual.
Number
of Shares
$
192,636,084 4,519,463
186,106,308 3,173,527
301,268,171 4,755,383
Values.
Par.
T otal gold and lega l tenders.......
Received by Shipped by
N. V. Banks. N. V. Banks.
$
257,823,270
186,671,536
281,106,748
680,010,563 12,448,373 1,220,604,770
725,101,554
271,711,290 4,024,651
219,543,822
Net Interior
Movement.
$5,145,000
620,000
$1,790,000 Gain.$3,355,000
311,000 Gain.
309.000
$5,765,000
$2,101,000 Gain.$3,664,000
Actual.
$
445,082,520
310,597,250
464,925,000
396,238,500
Week Budino May 3,1895.
With the Sub-Treasury operations the result is as
follows :
Week Budino May 3,1895.
Into
Banks.
Banks’ Interior m ovem ent, as above
$5,765,000
Out of
Banks.
Net Change in
Bank Holdinos.
$2,101,000 Gain.$3,664,000
Besides the returns of railroad net earnings for March, Sub-Treasury operation s................... 13,900,000 12,400,000 Gain. 1,500,000
T otal gold and lega l tenders....... $19,665,000 $14,501,000 Gain. 5,164,000
already commented on in the beginning of this article,
a large number of other roads have furnished their ex
The following table indicates the amount of bullion
hibits. Among those of a favorable nature the Buffalo In the principal European banks this week and at the
Rochester & Pittsburg reports $32,190 increase in gross, corresponding date last year.
$3,817 increase in n et; the New York Ontario &
May 2,1895.
May 3,1894.
Western $9,658 increase in gross, $219 increase in net;
Bank of
Gold.
Silver.
Total.
Gold.
Silver.
Total.
the St. Paul & Duluth $3,467 increase in gross, $8,678
£
£
£
£
£
increase in net; the San Antonio & Aransas Pass $37,- England........
036,271
37,036,271 31,940,120
31,940,120
,308,229 49,412,284 131,720,513 70.410.000 51,000,000 121,410,000
047 increase in gross, $25,155 increase in net ; the France...........
,138,360 15,577,640 53.716.000 31,075,990 12,693,010 43.769.000
Germ any*..,,
R io Grande Western $17,974 increase in gross, A ust.-H ung’y ,663,000 13,e oi,000 32.264.000 10.262.000 16,366,000
26.628.000
,004,000 12,490,000 20.494.000 7.918.000 8.438.000 16.356.000
$17,663 increase in net; the Minneapolis & St. Louis NSpain..............
,281,000 7.080.000 11.361.000 4.392.000 7.016.000 11.408.000
etherlands.
$3,444 increase in gross, $15,437 in n et; the New Nat.Belgium*! 3,232,000 1.616.000 4,848,000 2,980,667 1,480,333 4,441,000
I
Y ork Susquehanna & Western $40,048 increase in Tot.this week 191,,662,860 «9,776,924 291.439,784 158,958,777 96.993,343 255,952020
Tot. prev. w’k 192,,495,867 99,622,508 292,118,375 158,539,994 (.959,213, 255,549,20‘
gross, $10,669 in n et; and the Savannah Americus
* The division (between gold and silver) given in our table of coin
& Montgomery $1,277 increase in gross, $3,435 in and
bullion in the Bank of Germany and the Bank of Belgium is made
crease in net. The Louisville & Nashville reports from the best estimate we are able to obtain; in neither case is it
$49,380 decrease in gross, $62,338 decrease in net, and olaimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we
the Southern Railway $59,353 decrease in gross but believe the division we make is a close approximation.
$37,009 increase in net. The Denver & Rio Grande Note.—We receive the foregoing results weekly by cable, and while
not all of the date given at the head of the column, they are the re
has $1,319 increase in gross and $3,646 decrease in net. turns issued nearest to that date—that is, the latest reported figures.
M a y 4, 1895.]
THE CHRONICLE.
769
exchange market reports; it has been the common be_
lief in financial circles; it has been the constant refrain
W H Y DO WE E X P O R T GOLD?
from the London and Continental markets and of the
I f we had any doubts as to the expediency of return press at those centres; it has been the burden of our
ing to this subject again, the appreciative letters we letters from dealers and investors in Great Britain and
have received from our readers and the great interest on the Continent. We should no more have expected
in the discussion they have shown would remove them. it to be questioned that the net movement of capital in
Besides, as said on a previous occasion, no branch of that period had been against the United States, that
the financial question is more important. If we have more or less capital had been withdrawn from every sec
found a new and mathematical method through the tion of our country, than we should have expected it to
foreign trade figures for measuring closely the annual be denied that the United States received large supplies
fixed charges the nation is carrying, we have relieved of foreign capital in the years next following the estab
that problem from dependence for its solution purely lishment of specie payments and the years following
upon estimates, which is the only way it has hitherto the Hew York Central-West Shore settlement.
Confident in this feeling, we have now adopted a
been treated or approached.
A special reason for returning to the subject again method of investigation which we conceive to be the
is found in some recent remarks with reference to our best attainable within the time at our command, and
argument in the Springfield “ Republican” —remark# the result secured we consider under the circumstances
which suggest two features we have not hitherto fully conclusive of the question the “ Republican" has asked
covered that seem to be obstacles in the way of a full above. We have selected from the leading American
acceptance of our conclusion by that writer at least and banking houses having connections in London and on
perhaps by others. The “ Republican," with great fair the Continent ten firms through whose offices we believe
ness, says that “ our argument is a strong one, and on that much the larger part of the capital passes which
the assumption that the net movement of securities for comes into and goes out of the United States. To
the five years was toward and not away from America each of thes 5 firms we have written asking it to give
would seem to be irresistible." But it asks, “ is that us, if it could, in a rough way from its books, the
assumption correct ?” In replying to its own question, results of the foreign security and capital movement in
the “ Republican" says there is “ no certain way of and out of the country through its house for each of
determining this." If that be true, was it not a little the last 4£ years. All of them but one have returned
hasty in the “ Republican" to settle a point of so answers; the representative of that one being absent
much uncertainty and therefore difficulty at once telegraphed us from the West that he could not send a
against us, throw aside an argument otherwise irre reply until next week, but would do so then. The
sistible, and bring forward a new series of estimates answers do not contain as many figures as we hoped
to support a conclusion opposed to ours ? Y et that to receive, most of the writers stating that their
is what it has don e; strangely, too, all the evidence books were so kept as not to permit of such a com
it cites to invalidate our conclusion is found in pilation as that asked for without much time and
figures taken from this journal with reference to the labor, while each, with the exception of one firm which
stock of the Union Pacific Railway, which we pub expressed no opinion, gave in substance as its belief
lished April 28, 1894, and a remark of ours made based on the information within its reach, that there
at the same time concerning the figures. In other was during those 4-| years a net outflow of foreign capi
words, the writer satisfies himself with reference to a tal from the United States to Europe. We never
matter he claims is not susceptible of proof, by evidence before had any communication on the question
from a single railroad report that showed increased involved with any one of the ten firms we selected, so
holdings of stock in Europe during the years in ques that we wrote in entire ignorance of the answers we
tion amounting in value to only about 4 million should receive, and the houses were all of a class which
not only, as already said, had in our opinion a consid
dollars.
Surely if one railroad report has so much force, a erable share in this business, but also otherwise came
dozen ought to be better evidence and more conclusive. most intimately in contact with the international
That is the view we took of the matter after we had investment movement of capital. We now give from
nublished the figures the “ Republican" has quoted. each of the replies the opinion expressed as to this net
Hence at that time we sought to get similar informa outflow.
tion in relation to the stocks and bonds of other roads,
1. The answer to our first letter was obtained through an
and to know whether there was any special reason for interview at the request of and with the head of the firm.
the increased holdings of the Union Pacific stock in This letter was written and interview had (April 11 we be
lieve) a few days before our second article was published, and
Europe. We carried that inquiry just far enough to
the firm concerned is the one we assumed handled more
assure ourselves that the Union Pacific stock movement securities and capital passing between New York and Europe
was not by any means representative, but was due to than any other. The answer was so clear a confirmation of
special circumstances, while every other railroad man our views as to the net movement of capital, including secur
agement of which we inquired that could furnish any ities, during the 4% years in question being adverse to the
data on the subject reported a net return of its securi United States that we did not deem it necessary at that time
to carry the inquiry farther.
ties within the same period. But that inquiry was not
2. All the other letters were written April 24, after we saw
intended to be exhaustive of the subject and could not the article in the Springfield “ Republican” questioning the
have been, because very few roads have any such direction of the movement. This firm, which for convenience
records. The facts we obtained consequently, though we refer to as No. 2, says in its reply: * * “ W e beg to say
not voluminous, chimed in with the mass of evidence that we do not care to state the figures of imports and exports
which has been during all the 4^ years so clearly on of securities as they appear on our books, but we have not the
slightest doubt that in the 4)^ years from July 1890 to Decem
the side of an outflow of capital and a return of securi ber 1894 a larger number of American securities were brought
ties that scarcely a voice has during that period been back from Europe than were sent over to Europe, and that
raised to dispute it. It has been the burden of foreign a considerable amount of capital invested otherwise than in
770
THE CHRONICLE.
railroad and municipal securities was also returned to Eu
rope.”
3. This firm writes: * * * “ W e regret to say that, as
w e do not keep our record of securities purchased and sold
through our house in such a way as to separate the transac
tions for European account from those negotiated here, it
would be impossible for us without very considerable labor
to give the information you desire.” * * * “ Without go
ing into our records we might say that, in a general way, we
are quite of your opinion that more foreign capital has been
withdrawn from investment than sent here for that purpose
during the past four and a-half years.”
4. After saying why the preparation o f the figures cannot
and need not be made, this firm writes: “ W e can therefore
only say that from such experience as we have had and from
what we have heard from others the security movement for
the period mentioned has in our opinion been decidedly
against this country.”
5. This firm w rites: “ Our books would certainly show
purchases and sales between this side and Europe to be very
considerably against the United States.” The same firm gives
us some of the more conspicuous instances of withdrawal
of capital from America which are included within the trans
actions of their house.
6. In their reply this firm expresses regret that they could
not tell without very great work just what their books would
show as to the movement of securities to and from Europe
during the period named; but they add : “ We may say in a
general way that we think there would not be much of a
balance either way in our operations.”
7. This firm, after giving reasons why they think their
books would not disclose what we seek to know, add : “ Our
own opinion is that European capital to-day invested in
American securities has been very largely diminished in com
parison with what it amounted to say in July 1890.”
8. Our reply from this firm gives no facts or opinions with
reference to its own transactions or the general movement,
but only says “ we regret we are not able to give you any in
formation that would be of any use to you in matter referred
to” in your letter.
9. This firm states that its books show the movement
through its office for the
years to have varied during those
years, a part of the time it being against and a part of the
time favorable to the United States, but the net for all the
years shows purchases by Europe in excess of the sales; the
letter adds, however, that it is very “ sure that your opinion
as expressed in your articles is correct.”
[VOL. LX.
publican,” seeks to show that “ the size of the average
annual charge to be met by this country after paying
for the Customs value of the imports ” for the years
from July 1890 to December 1894 was $267,000,000.
How it makes up this total is not very clear. It appears to
take $100,000,000 as the amount of freights on imports
paid Europe and under-valuations of imports; the “ Re
publican however is mistaken in sayiDg, that is an esti
mate for those two items which “ the Chronicle has
always figured them at;” but the remark is not important,
the point of interest being, if we understand the writer
correctly, that he adopts that total. Next he takes “ not
less than $50,000,000 ” for the amount American travel
ers to Europe annually spend, and $75,000,000 for the
average anr ual returns on the European capital invested
in the United States. Altogether, as said above, the“ Re.publican” reaches “ $267,000,000 as representing about
the size of the average annual charge to be met by this
country after paying the Customs value of the im ports/*
Then it adds, “ that figure probably more nearly repre
sents the truth than any of the estimates that have
been made.”
As the size of only one of the above items making up
the general estimate is by its terms made expansive—we refer to the estimate of the amount spent by Ameri
can travelers in Europe, which is stated to be “ cer
tainly not less than $50,000,000” — we at first sight
assumed that the whole of the difference between the
sum of the three items and the total which stands for
all of them (which difference is $42,000,000) should be
added to the estimate for American travelers abroad.
On further thought though we think the whole state
ment would be more correctly interpreted if we divide
this difference, giving one-half of it to the amount
allowed for the annual interest and profits on European
capital making that item say $96,000,000, and the
other half to the amount estimated for American trav
elers abroad making it $71,000,000; then with the
$100,000,000 for freights and under-valuations of im
ports, we reach the “ Republicanas” aggregate of $267*It seems to us that this consensus of opinion makes 000,000. Taking the statement in that form the point
a pretty strong case in favor of our presumption and raised for investigation is, have the above items enough
leaves an argument which, if otherwise irresistible, is of fact about them to commend them to the business
in a pretty fair shape for general belief. We must add public ? Who would dare to bank upon them ?
in connection with the foregoing, and to prevent mis
We start the inquiry with the estimate intended to rep
understanding, that these firms do not mean to assert resent the expenses of travelers in Europe, $71,000,000.
that the United States during the “ whole”
years That total, or rather an estimate of $75,000,000, had its
were buying back from instead of selling to Europe origin, if we remember correctly, in a public document
American securities.
It is only the net movement put afloat for the year of the Paris Exhibition, and was
of capital our inquiry has reference to, and that is all based upon the official statement of the total number of
we have been writing about.
There were periods supposed citizens of the United States returning that
when the flow of securities to Europe during the years year to America, that is deducting from the number of
in question was large; even in 1893 at the time of passengers all foreigners visiting the United States and
the panic the low price tempted many an operator, all immigrants. On those data the estimate took this
though a very considerable portion of those purchases form— “ 75,000 tourists averaged at $1,000 each makes
were returned in 1894.
$75,000,000.” The justification for this high average
But we must pass on. There is a kind of argument, has always been the great number of wealthy people
heretofore the dependence of writers on this subject, who go abroad annually and spend, we are told, twenty*
that the “ Republican ” takes up which we have hith thirty, forty and fifty thousand dollars each. Thiserto avoided in the present discussion. Our objection assumption, so far as it is based on the idea that there
to it is that it compels one to deal almost wholly with are many rich people in the United States that spend
estimates, and we were endeavoring on that account to money in that loose way, is a myth. Rich people are as a
find a mathematical way of settling this disputed ques class frugal people;. a small fraction of them who get
tion. Let us however examine these estimates a little their money quickly often spend it quickly. Besides the
for they are now once more quoted against us. We rich are few in number any way. There was an esti
think too that a very brief analysis will show so many mate reported as originating in the Treasury Depart
uncertain items entering into and connected with ment and put out during the Income Tax discussion in
their composition that that form of argument will be Congress which gave the number of people who would
abandoned. The argument, as stated by the “ Re be affected by that tax at only 150,000 in the whole
May 4, 1895.]
THE CHRONICLE.
United States. That is to say there were supposed to
be only that number of Americans whose income is
over $4,500. The millionares seem to be ubiquitous
only because when a rich man does anything at all
conspicuous the report of it echoes from ocean to ocean
and the sound is much as if a host were moving. Yet
we repeat that the real truth is, in point of numbers,
the very wealthy are an insignificant body; and to reach
a statistical result by averaging expenses up materially
on the basis of a large number of summer trips to Eu
rope costing $20,000 or more has no warrant in an
exact science.
Then again it is to be remembered that the large
amounts a rich man spends in Europe are generally
spent for bulky purchases, as for instance paintings,
works of art, and the like, all of which come in
through the Custom houses, are recorded in the trade fig
ures, are settled for like all the other imports, and hence
have no place in this item. That portion of travelers’
expenditures must consequently be eliminafed, and
this Government estimate is in effect thereby con
verted into the statement that Americans who cross the
ocean every year spend on the average for passage money,
traveling expenses, board, personal clothing and sundries
$1,000 each. Apply this figure to a family of three of
the class having “ neither riches nor poverty” — that is
$3,000 for a trip of two or three months. This we
should say is a considerably larger average than is spent
in that time by people who have an income of ten or
twelve thousand dollars. Next consider the bulk of
the travel—the general public who have to economize
strictly at home and abroad. Of this clasis a large
number of them simply take the voyage, another large
lot who make a short stay in Europe perhaps walk,
another use the bicycle, others the second or third class
cars, and nearly all of them use lodging houses instead
of hotels. Of these travelers it can truly be said if the
passage money is not counted the average expenditure
would drop to a very small item indeed.
But it may be asked why not count the passage
money? For the simple reason that a large portion of
it never goes to Europe and should no more be in
cluded in the item we are discussing than the cost of
the traveler’ s breakfast in New York the morning of
the day he boarded the steamer. Like the money paid
for the breakfast a great part of the passage money
goes directly to enrich America. It is paid out for (1)
rent of offices, dockage, pilotage and the like, (2) for
officials living here, office expenses, advertising, &c.,
(3) for supplies (food, coal, &c.) for the steamers,*(4)
for repairs which are in many cases done here and the
expenses and expenditures of the steamers’ officers and
crew while in port, &c. We shall shortly refer to this
matter again in speaking of freights.
But besides the foregoing there is a source of con
siderable income which cannot be overlooked, since it
acts to a very important extent as an offset to the
expenditures of Americans in Europe— we refer to the
amount of money immigrants bring over. In olden
times when the average character of the immigrants
was higher we used to average the money each brought
at two hundred or more dollars. During the last five
years ending with June 30, 1894, the annual arrivals
have averaged 491,325, the much smaller arrivals in
1894 lowering the average. But here are about
500,000 people (not counting any arriving from British
North America aud Mexico), a large percentage of
whom go directly through the port of entry to some
place of settlement. Would it be high or low to call
771
the average amount of money each brings with him
$100? Would it be high or low to call it $50? If it
is one hundred dollars, that would make a 50 milliondollar offset; if it is fifty dollars the offset would be 25
million dollars. Hence, with the presumption at
taching to this item of $71,000,000 that it is
largely over-estimated, with the facts disclosed
calling for a very considerable reduction in it
on account of the amount (included in the esti
mate) that the travelers pay for passage money which
never goes to Europe but remains and is expended in
good part if not wholly in America, and now with a
further final offset required of many million dollars
for the money immigrants bring to this country from
Europe to be spent in getting to and starting work
upon their new homes here— with the modifications
made which all these various suggestions will require,
what, we ask, will there be left of the $71,000,000
estimate ?
Turning our attention next to the 100 million dollar
item, we notice that it represents in unstated propor
tions (1) under-valuations and (2) freight charges.
The item becomes easily resolvable into its component
parts by a statement of two or three facts. No one so
far as we know claims to-day that the United States
pays the freight on its exports; those are paid by the
purchasers of her products. The only other freight
charges there can be are collectible on the im
ports.
America pays that bill, except in the
case of goods sent here on commission and sold
at a loss. But the highest estimate we have ever seen
made for the total of these freight charges on imports
was 50 million dollars. If that amount be deducted
from the 100 million item, we have of course 50 mil
lion dollars left chargeable to under-valuations. W ith
reference to the payments of freights on imports, the
first important circumstance is that they are paid to
the American office and a very large portion of the
money is at once used in this country for unloading
the imports and loading the exports, thereby support
ing a thriving industry in the United States and sup
porting a large body of our citizens who do the work.
We do not know how great a percentage of the charge
for carriage is eaten up by these expenses, nor how
much is left for the steamer. It is though a notorious
complaint and has been for
years that com
petition on ocean business was so sharp that the com
panies did their work on an extremely narrow margin,
netting them little or nothing. We have not had
time to look up the matter of dividends ; but we know
without looking that some at least of the companies
engaged in the trade between Europe and America are
not paying dividends and have not been for some time.
A notable instance is the Cunard line.
After this meagre recital— made from necessity more
brief than was desirable for bringing out the full force
of the facts— we are confronted with the question is
not this $50,000,000 in much the same condition as the
$71,000,000 previously referred to? How much of the
money that we pay on account of freights, like the pas
sage money which we also pay to the steamship company,
is left to s well the annual charge against the country ?
Or, in other words, how much of this item continues
at home, paying expenses incurred on this side of the
Atlantic and so becomes a gain instead of a loss to the
United States—just as certainly a gain as if the steam
ship lines were owned in this country. It looks
to us as if
by far the larger
share of
those payments was returned to Americans at
772
THE CHRONICLE.
IVOL. LX.
statute was made, as purchaser and assignee of the St.
Louis Arkansas & Texas Railway Company, a corpora
tion organized under the laws of the State of Arkan
sas ; that under said laws in force at the time of the
incorporation of the last-mentioned company, in April,
1880, it had the right to fix and regulate the rate of
charge for carrying passengers, not to exceed the sum
of five cents per mile ; that the Legislature might,
from time to time, reduce the rates, but that the same
should not be so reduced as to produce, as profits for
the railroad company, less than 15 per cent per annum
on the capital actually paid in ; that until such time it
and its successors and assigns were entitled, without
limitation, restriction, or control, to the right to fix
such rates of fares as to them should seem proper, not
exceeding the rate of five cents per mile ; and that the
railroad, although completed for about five years, had
never earned in profits an amount equal to 3 per cent
on the capital actually paid in.
It was contended, furthermore, that if the rates
prescribed by the Act of April, 1887, were enforced,
the company would not be able to earn a reasonable
rate of interest on its indebtedness, or to meet the ac
tual cost of transporting passengers and maintaining
the division of road in question ; that consequently so
far as the Act referred to was applicable to the road, it
was in violation of the Constitution of Arkansas, and was
unreasonable and a taking of private property for pub
lic use without compensation, and therefore in viola
tion of the Fifth and Fourteenth amendments to the
REASONABLENESS OF RATES ON P A R T S Constitution of the United States. In brief the rail
OF A LINE.
road company based its demand that the judgment of
Can a railroad company in contesting the reasonable the Supreme Court of Arkansas should be reversed
ness of a rate established by the Legislature or by a on two main propositions: First, that the Act of 1887
public body charged with the duty of prescribing tar as applied to it was a violation of the contract between
iffs for the roads, set up the claim that the rate is the State of Arkansas and the various corporations
unreasonable and unprofitable as to a part of a line which constructed or subsequently acquired the line of
and therefore should not stand as to such part ? This railway in question; and, second, that as the act re
point was raised in a case recently passed upon by the quires the road to do business at a positive loss it con
United States Supreme Court, and it was decided stitutes a taking of its property without just compen
adversely to the contention of the carrier. It is easy to sation or due process of law.
As to the first of these contentions it is not neces
see that the facts may have a bearing in the case of
sary to go into any details. The point raised was sub
many other roads.
The question came up in the suit of Gill vs. St. Louis stantially the same as that decided in the Norfolk &
& San Francisco Railway Company.
By an act of the Western case, and which we reviewed last week in the
Legislature of Arkansas, approved April 14, 1887, the article entitled, u Charter Rights after Reorganiza
maximum rate of passenger fares which the carriers tion." The ruling of course corresponds with that in
in that State might charge was fixed at three cents per the Norfolk & Western case, the Court saying that the
mile, and a penalty of $300 was prescribed for each rig^t given a railroad by the law under which it is in
overcharge, payable to the passenger from whom such corporated to have its passenger rates, within certain
overcharge had been exacted. In 1887 at the fall limits, unaffected by future legislation, does not inure
term of the Washington County Circuit Court, John to the benefit of the purchaser of its property, in the
B. Gill brought an action against the St. Louis & San absence of express direction to that effect in the law.
With reference to the claim that the rates fixed in
Francisco Railway Company, alleging that said
company, operating a railroad within the State of the act of 1887 would compel the road to do business
Arkansas more than 75 miles in length, had on five at a loss, the Court refers to the rules laid down by it
distinct occasions charged and received from the in various important cases— the “ Railroad Commission"
plaintiff more than three cents per mile, and demand cases, the Minnesota cases, the Texas cases, etc.— and
ing judgment for the penalties prescribed in the reaffirms the doctrine that the reasonableness of a rate
statute.
Similar suits against the company were also is a subject for judicial determination. But it reaches
brought by other parties.
The suits resulted in favor the conclusion that in the present instance the allega
of the complainants, and an appeal was taken to the tions made and the evidence offered did not cover the
Supreme Court of Arkansas, where the judgment of company's railroad as an entirety— not even in the
the trial court was affirmed. A writ of error was then State of Arkansas— but related simply to that portion of
sued out in the United States Supreme Court, which the line originally belonging to the St. Louis Arkansas
& Texas, and extending from the northern boundary of
has now also found for the plaintiff.
The railroad company in its defense set up two Arkansas to Fayetteville in said State. The Court
pleas. It claimed that it operated that portion of its accordingly expresses full accord with the views of the
railroad against which£the’ charge of a violation of the Arkansas Court, to the effect that the test as to the
once. With regard to the other half of the 100-million-dollar item, that is the 50 million dollars allotted
to under-valuations, and likewise the 96 million dollars
estimated for interest, profits and dividends falling due
on European capital in America, it is to be said that
they are" merely estimates— more baldly so than per
haps any of the other items. As plausible a case could
be presented for fixing the latter at 75 million dollars
or less as for making it 96 million dollars. And with
reference to the former, if we were requested to express
our best judgment as to its amount, we should be in
clined to put it much nearer 5 million dollars than 50
millions— say 10 million dollars would be an outside
figure.
Perhaps the reader will think it worth his while to
consider to what kind of a conclusion all these de
ductions lead. What would be an extreme estimate of
the country's fixed charges made up in accordance with
the facts we have here brought out? Our opinion of
the method used is well known. We can put no re
liance whatever in any such estimates. But given a
series of guesses along that line, our purpose has been
simply to see how far those guesses could be weakened
by throwing light on the errors they cover ? We have
no inclination to carry that sort of an investigation
farther. If any reader wants our conclusion he Can
find it in our previous articles on this subject, made up
in a form that cannot be successfully controverted.
Ma y 4, 1895.]
THE CHRONICLE.
rates must be applied to the entire line; that the com
pany cannot claim the right-to earn a net profit, from
every mile, section or other part into which the road
might be divided, nor attack as unjust a regulation
that fixed a rate at which some such part would be
unremunerative; that it would be practically impos
sible to ascertain in what proportion the several parts
should share with others in the expenses and receipts
in which they participated; and finally, that to the
extent that the question of injustice is to be deter
mined by the effects of the act upon the earnings of
the company, the earnings of the entire line must be
estimated against all its legitimate expenses under the
operation of the act within the limits of the State of
Arkansas.
The Court also says that even if the evidence could
be understood as applicable to the entire line in Arkan
sas, there was no finding of the facts necessary to jus
tify the courts in overthrowing the statutory rates as
unreasonable. “ Upon the whole,” the Court con
cludes, “ we do not feel warranted, by all that appears
in this record, in declaring invalid an act of the Legis
lature of Arkansas which on its face appears to be a
legitimate exercise of power, and which has not been
shown by clear and satisfactory evidence to operate un
justly and unreasonably, in a Constitutional sense,
against the plaintiff in error/ Hence the decision
is that where the Legislature establishes a passen
ger rate of so much per mile, and prescribes penalties
for a charge in excess thereof, to be recovered of the
carrier by the passenger excessively charged, the ques
tion of the reasonableness of the rate so fixed may be
raised in an action for such penalty. But the reason
ableness must be determined by the effect of the rate
on the net earnings of the company for its entire line
within the State and not by its effect on any sub-divis
ion, even though it was once a separate road.
THE L A K E SHORE REPORT.
The annual report of the Lake Shore & Michigan
Southern affords material for study as showing the
results^f operations of one of the staunchest railroad
properties in the country in a very remarkable year.
The company issues a preliminary income statement
at the close of the year, so it has been known for some
time that the showing for the twelve months would be
good, even though the period was one of extraordinary
depression in all our industries. In that particular
the complete report simply confirms *the early state
ment, which latter of course was in part estimated.
The fuller report, however, enables one to see in what
way the favorable results for the year were attained.
The Lake Shore has in some respects long held a
unique position, and this distinction it still retains.
For instance, the company is again able to repeat the
statement made so many times before and which has
become a standing feature of the report, that the con
struction and equipment accounts continue unchanged,
that “ nothing has been charged to either of them
since 1883.” Only those who are familiar with the great
improvements made in the condition of the property in
the interval— the double-tracking of the road and the
additions to equipment, side tracks and other faeilties
— will understand the full significance of this state
ment. It means that all these improvements and addi
tions have been paid for out of earnings during this
period of eleven years. A t the same time, for a period
of ten years— that is, since the close of 1884
773
— the funded debt of the company has been regularly
reduced each year by the amount of the sinking fund
contribution of $250,000 per annum, making $2,500,000 for the ten years. The total amount of first mort
gage bonds canceled to date through the operation of
the sinking fund is $6,000,000. The capital stock of
the company has not been changed since 1871 and
remains at $50,000,000, $533,500 of the amount being
•10 per cent gua ranteed stock.
In the large sums paid out of earnings for new capi
tal outlays we have the secret of the creditable manner
in which the cempany was able to pass through stioh a
year of industrial depression as was 1894.
In the first
place the fact that these capital expenditures were
made without any addition to the debt prevented an
increase in the fixed charges of the company, thus
lightening the burden in that way. And in the sec
ond place the company having been so liberal in its out
lays in the past (for several recent years the charges to
expenses for additions and improvements had been ex
ceedingly large), it was in position rigidly to curtail its
expenses when the depression came. We need hardly
say that a large reduction in expenses was an imper
ative requirement of the situation, in view of the tre
mendous falling off in the revenues of all the roads.
It happens too that this loss of revenue on the Lake
Shore was rather above the average. According to the
statement published by us in our issue of March 2 the
aggregate gross earnings of United States railroads
during the calendar year 1894 diminished a3 compared
with the calendar year preceding about 11 per cent.
The gross earnings of the Lake Shore in the same
period fell off 17*43 per cent.
In other words, the gross revenues of the road de
clined from $23,685,933 in 1893 to only $19,557,870 in
1894, being a falling off of no less than $4,128,063.
Under ordinary circumstances this great loss in gross
revenues must have involved a very considerable reduc
tion in the net earnings. As it was, the company was
able to effect an almost equally heavy contraction in
expenses. In brief, expenses were reduced nearly four
million dollars, or 23 per cent, standing at only $13,186,067 in 1894, against $17,123,913 in 1893. As a
result the company had net earnings nearly as large as
in the year before, the decrease being only $L90,217,
or less than three per cent. In amount the net was
$6,371,803 in 1894 and $6,562,020 in 1893. The fixed
charges for the twelve months (after allowing for
$409,356 received as interest and dividends on assets
held) were $3,402,863, and this deducted from the
$6,371,803 net earnings left a balance of $2,968,940
available for dividends on the stock. The six per cent
paid on the stock called for $2,967,990, and thus the
accounts show the dividends to have been fully earned,
even in such an extraordinary year as that under
review.
That a very large margin existed for a reduction in
the expense account of the road, whenever the necessity
for such a course should arise, has been known to every
one at all familiar with the affairs of the property.
As bearing on that point, we may note that in 1893
expenses had included $2,164,619 for new equipment
and $478,822 for new sidings, second track, &c., or
$2,643,441 together. In 1894, on the other hand, only
$118,089 was spent for new cars and but $35,745 for
sidings, or $153,834 together. Here, then, we have a
saving of $2,489,607 in these two items. The aggre
gate reduction in expenses, we have seen, was $3,937,846, and hence the two items in question account for
774
THE CHRONICLE.
[V ol. LX.
the greater part of the whole. As for the rest of the earnings the decrease was only 11*36 per cent, this fo l
decrease, it is of course obvious that with the reduc lowing 2*43 per cent decrease in the year preceding.
tion in business transportation expenses would also to The number of through passengers carried diminished
a considerable extent decrease. We find that with one as much as 60*9 per cent, the number of way passengers
or two exceptions the charges for ordinary repairs and only 12*7 per cent. Of course the large percentage of
renewals in the various departments are but little less decline on the through traffic reflects the effects of the
Fair in swelling the totals in 1893, but aside from that
than for the year preceding.
is worth noting that the company in 1894 carried a
Probably no question would arise as to the sufficiency
smaller
number of through passengers than in any pre
o f the expenses except that the inventory of the equip
vious
year
since 1879. In the freight traffic the falling off
ment shows quite a reduction in the number of cars
has
been
chiefly
in the west-bound tonnage, the decrease
owned. Of passenger cars the number is reported 424
there
being
846,293
tons, or 14*81 per cent, against only
December 31, 1894, against 428 December 31, 1893,
154,295
tons,
or
2*08
per cent, in the east-bound tonnage.
and of freight cars the number is given 19,668, against
This
indicates
the
depression
in the manufacturing in 20,781. Altogether, including work cars, the report
dustries,
and
the
diminished
consuming
capacity of the
shows only 20,640 cars at the end of 1894 against
21,755 at the end of 1893. Had not the company been people by reason of their impaired income. The com
adding so very largely to the equipment for all the pany realized an average of only 572 thousandths of a
years preceding, this reduction might be regarded as cent per ton per mile on its entire tonnage, which is
significant. As it is, it probably indicates that in 1892 the lowest average in its entire history with the single
and 1893, when the company was making such exten exception of that for 1885, the time of the trunk line
sive purchases of new cars, in part to prepare for the war, when it was a trifle smaller. It illustrates the
World's Fair, some old equipment which ordinarily strength of the property that it can show its 6 per cent
would have at once been dismantled was temporarily dividends earned on such a low average rate in one of
retained in the service because of the activity of busi the worst years ever experienced by our railroads.
ness; but now that there is no use for the same on
account of the diminished tonnage, and as it would not
THE JAPAN -CH IN A P E A C E TREATY.
pay to spend much money for extensive repairs on
After the armistice had been agreed upon, and it
it, the cars have been broken up. The following
became
known that a treaty of peace was signed by the
will give an idea of the way in which the equipment
two
contending
Powers in the East, the question
has been added to from year to year during the last
remained—
was
the
war ended ? There had been all
decade.
NUMBER OF CARS IN SERVICE DECEMBER 31.
along from the commencement of the war a sort of
1894........................................ 20,640 1888........................................ 17,774
1893........................................21,755 1887........................................ 17,928 belief, qualified considerably at times, that in making
1892........................................ 21,460 1886........................................ 16,992
1891........................................ 20,677 1885........................................ 16,932 an arrangement for permanent peace Japan would take
1890........................................ 20,411 1884........................................ 16,656
That belief was
1889...............
19,494 1883........................................ 16.942 the great Powers into her confidence.
Since 1884 it will be observed the number of cars in somewhat shaken by the cool, quiet manner in which
the service has been increased from 16,656 to 20,640 the authorities of the island empire restored Corea to
It was
But even this does not indicate the full extent of the herself and gave her back her independence.
change in the interval. Daring the last six years no an unmistakable proof that Japan had perfect confi
less than 9,605 cars were purchased and built, all of dence in her own wisdom and strength. At the same
modern type— that is much larger cars and bet time it was notorious that a peace arrangement would
ter in every way than those previously in use not be acceptable to some at least of the European
Allowing for the increase in the size of the Powers— notably Russia— if certain expectations were
cars, the aggregate tonnage capacity of the equipment not met. Some of these expectations were i&t m e t;
now is probably double that at the end of 1884. And and hence the doubt whether the cessation of hos
as already pointed out this expansion has been effected tilities between China and Japan really meant the
without any charge to capital account, even the extra end of the war in the East.
Facts have sincp justified the doubt. No sooner
ordinarily outlays made at the time of the World'
Fair having been paid for out of earnings. We may were the principal provisions made known than un
say, too, with reference to the other point alluded to questionable growlings were heard from St. Petersburg.
above, namely the double-tracking of the road and The bear was disturbed. He had been overlooked.
the increase in sidings, that at the end o f 1883 the His wants had not been provided for. These signifi
company had only 266*24 miles of double track cant sounds could hardly be called a surprise. It was
whereas now it has 499*30 miles, while the number of known that Russia had set her heart on the acquisition
miles of sidings has in the eleven years risen from of territory to the north and east of the Corean penin
544*70 miles to 704*19 miles. There arp also 9*63 sula. The acquisition of such territory was essential
miles of third track now, against none at the earlier to the successful completion of her plans in connection
period. Moreover in 1883 710*05 miles of the track with her trans Siberian railroad and with her naval
were still laid with iron rails, while now out of 2,661*73 sohemes in the Pacific. In the circumstances it was
not unnatural for Russia to object. It was all the
miles of track only 61*60 miles are iron.
As regards the rather exceptional extent of the more natural that she has been in the habit of schem
falling off in the gross revenues of the company in the ing, working and appropriating at will all along North
ern Asia, from the Baltic to the Pacific. Russian
late year as compared with the railroad system as
whole in the "United States, that is explained by the opposition, however, has not appeared alone. She has
fact that the system's passenger business had been very been joined in her discontent bv France, by Germany
greatly increased by the World's Fair in 1893. Of the and by Spain. It is really difficult; to discover anything
falling off of $4,128,062 in the gross receipts, no less like a sound and sensible motive for the course pursued
than $2,572,418 was in the passenger department, the by these Powers. Take France. She has no territorial
decrease there being 36*78 per cent. In the freight interests nearer than Siam, which lies in the extreme
May 4, 1895.]
THE CHRONICLE.
775
south of the eastern section of the continent; and general and meaningless kind. Germany's reasons are
surely Japan has no designs upon Siam. Take Ger somewhat amusing. According to one usually well in
many. Her territorial interests are nowhere in these formed authority her co-operation with Russia in the
Eastern waters; and we have not heard that she has set East is expected to bring closer the bonds of union be
her heart on any part of the conquered territory. tween her and her great Northern neighbor, to weaken
Spain, it is true, has the Philippine Islands to care for; the hopes of the French for Russia's aid in a war of re
but these are so far out of the way of Japan that it venge and to teach Great Britain to be less grasping in
amounts almost to an absurdity to regard them as in her African policy. Later reports would seem to in
any way in danger. Facts, however, are not to be ig dicate that both France and Germany are weakening
nored in a case like this; and the facts are as we have in their opposition to Japan; and it would not be won
presented them. Russia, France, Germany and Spain derful if both should change ground. It is certainly
are all opposed to the provisions of the peace treaty, a peculiar sort of combination, and it is next to impos
and if we are to judge from present appearances they sible to resist the conviction that both France and
are resolved to make common cause against Japan in Germany are courting Russian favor rather than any
order to have the treaty modified.
immediate advantages in the East.
Great Britain alone of the great European powers
What the result will be it is difficult at the momen
expresses herself as satisfied with the treaty, and refuses to predict. We have little hope that Russia, having
to interfere; and it speaks for the sound sense and po the apparent approval of such powers as Germany and
litical wisdom of the men at the head of our own Gov France, not to make too much of Spain, will wholly
ernment that they have taken a similar view of the sit yield her demands.
There is still the possibility that
uation. A late report has it that Italy has offered to diplomacy may succeed in discovering some via media
join the Government of the United States in an effort by which peace will be established and preserved.
to avert by mediation the disturbance of the treaty In the meantime Japan remains firm ; and the
arrangements either in their progress or their results. Chinese Emperor has, it is said, decided to sign the
Japan, as they all know, has fought the battle treaty.
alone. She has depended entirely on her own resources
— on her own men, her own ships, her own money. COTTON CONSUMPTION A N D O VERLAN D
She has a^ked help from no one. She fought besides
M OVEM ENT TO M A Y 1.
in a noble and benevolent cause; and in the hour of
Our usual statements of overland movements, receipts,
victory she has not swerved from her purpose.
exports, &c., are presented btlow. They include the
Nor is this all. It is seen and admitted by Great
period from the first of September down to the close of
Britain, the United States and Italy that in making the
April, or the first eight months of the cotton crop
treaty of peace Japan has not considered her own in
season. The amount brought into sight during April
terests alone. She has taken a proper view of the
has been greater than for the same month of either of the
age in which she lives and of the claims and in
three preceding years, reaching 335,051 bales, against
terests of civilization.
So far as trade and
233,911 bales last year and 198,645 bales in 1893, and
commerce are concerned she has asked for
for the elapsed portion of the season there has come into
herself nothing which
she has not
secured
sight 9,404,139 bales, an aggregate 2,306,588 bales
for others. If she has seqmed to be on the
heavier than that for the corresponding period of 1893unjust side in the matter of extra-territorial jurisdic
94. The excess over 1892-93 reaches 3,194,709 bales.
tion— demanding what she refuses to give— it is to be
Northern spinners have taken a little less cotton
borne in mind that for some time to come Chinamen than last year during the month, but for the eight
are far more likely to get fair treatment in Japan than
months their takings exceed those for the like period
Japanese in China. It does seem to some that there is
a year ago by 588,050 bales. Compared with 1892-93
severity in the territorial demands. Nothing but a
the increase is 406,789 bales.
seuse of complete and hopeless defeat could have in
OVERLAND MOVEMENT TO M A Y 1.
duced China to part with the Liao-tung peninsula, in
The gross movement overland in April has been
cluding Port Arthur, and for a time also Wei Hai-Wei,
thus giving Japan entire control of the Gulf of 119,087 bales, which compares with 74,730 bales in 1894
Pechilli and all the water approaches to Pekin. It is and 81,058 bales in 1893. The aggregate gross for the
to be remembered, however, that the war was under eight months is 1,677,267 bales, or 539,740 bales more
taken, primarily at least, for the purpose of liberating than last year and 588,830 bales ahead of 1892-93. The
Corea from Chinese influence. To secure what has net for the month makes a less satisfactory showing
been accomplished it will be seen at a glance that to compared with the previous year than does the gross,
prevent the return of the Chinese into Corea and the reaching only 37,281 bales, against 45,111 bales. The
repetition of the old abuses, the occupation of the season's total is, however, 322,807 bales in excess of
peninsula above named is a necessity. Thus looked at the like period of 1893-94 and 33 5,167 bales greater
the treaty of peace, in some measure at least, com than in 1892-93. The details for three years are ap
pended.
mends itself.
OVERLAND FROM SEPTEMBER 1 TO M AT 1.
We have already shown that with the exception of
Russia, the complaining Powers are without any valid
1894-95. 1893-94. 1892-93.
reason for so acting. Spain has a better reason to give Amount shipped—
Via St. Louis............................................. 879,791 574,06? 410,52
than either France or Germany. But she is the weakest
318,241 219,839 183,730
Via Cairo________ ___________________
of the Powers which have any standing in the East;
13,703 137,797
545
Via H an n ib a l........................ ....
7,263
3,770
Via Evansville.......... ......................... . . .
13,986
and no doubt she could be assailed by Japan through
178,333 105,193 107,386
Via Louisville ...............................
the Phillipines with success. But, as we have said,
167,589
Via Cincinnati________________ _____
98,346
88,694
there is no present disposition shown or prospect
Via other r o u t e s . . . . . . . . . . . . . . . . . . . . . . . . . 118,936 110,307 138,516
10,062
8,809
Shipped to mills, not included above..
10,303
of any such movement on the part of the Japanese.
Total
gross
overland........................
1,677,267
1,137,527
1,088,937
Frar ce has given no reasons which are not of the most
THE CHRONICLE.
776
Deduct shipments—
Overland to New York, Boston, & o....
Between interior towns.........................
Galveston, inland and local mills........
New Orleans, inland and local m ills...
Mobile, inland and local mills...............
Savannah, inland and local mills..........
Charleston, inland and local mills___
N. Carol’a ports, inland and local mills.
Virginia ports, inland and local mills..
1894-95.' 1893-94.
505.206
29,038
3,428
25,545
16,191
2,364
10,572
1,357
7,694
1X92-93.
271,405
21,557
3,568
18,979
18,889
1,187
8,618
1,312
38,947
247,274
21,450
2,881
12,133
18,892
1,338
10,747
2,050
11,467
[ T o l . LX.
The above indicates that Northern spinners had up
to May 1 taken 1,941,109 bales, an increase over
the corresponding period of 1893-94 of 588,050 bales,
and a gain over the same period of 1892-93 of 406,789
bales.
AMOUNT OF CROP NOW I N SIGHT.
In the foregoing we have the number of bales which
has already been marketod this year and the two
Total to be deducted......................... 601,395 384,462 328,232
previous seasons. An additional fact of interest is the
Leaving total net overland*............ 1,075,872 753,065 760,705 total of the crop which was in sight on May 1
•This total includes shipments to Canada by rail, which since
We reach that point
September 1 in 1894-95 amounted to 89,941 bales; in 1893-94 were compared with previous years.
46,918 bales and in 1892-93 were 42,599 bales.
by adding to the above the stock remaining at that
RECEIPTS, EXPORTS AN D SPENDERS* TAK IN G S.
date at the interior towns le3S stock held by them at
The net receipts at the ports in April have been quite
the beginning of the season. In this manner we find
free for the season and show an excess over preceding
the result for three years on May 1 to be as follows :
years. The aggregate net receipts for the eight months
have been 7,623,267 bales, whereas in 1894 they were
1893-94.
1892-93.
1894-95.
only 5,693,486 bales and in 1893 reached 4,768,725 Cotai marketed, as above....bales, 9,285,139 6,992,551 6,059,430
105,000
150,000
119,000
bales. Foreign exports during the month have been on interior stocks in excess of Sept. 1.
9,404,139
7,097,551
6,209,430
Total
in
sight.................
a liberal scale, reaching 508,788 bales, against 303,326
This indicates that the movement up to April 1
bales last year and 311,619 bales in 1893. For the
season to date the total exports are 6,153,612 bales, or of the present year is 2,306,588 bales more than in
1,454,482 bales more than a year ago. Our usual table 1893-94 and 3,194,709 bales in excess of 1892 93.
As it will interest the reader to see what has come
of receipts, exports and stocks is as follows :
into
sight each month of the season during this and
Movement from Receipts Receipts (EXPORTS s ix e s SEPT. 1, 1894 TO— Stocka
since
May 1, previous years, we have prepared the following, which
Sept. 1, 1894, to since
Sept. 1, Sept. 1 Great France. Conti
1895.
lotod.
May 1,1895.
shows the movement for the last four seasons.
nent.
1893. Britain*
1894.
Galveston.......... 1,634,531 986,868 788,186 212,413
36,491
70,236
Velasco, & c ...
New Orleans. .. 2,501,658 1,802,599 790,975 487,944
85,595
M obile................ 233,290 196,010
84,08o
800
25,017
27,100
63,132
Bavannah.......... 915,846 926,152
85,393
74,745
Brunswick, &c. 149,925
Charleston.......... 422,987 835,277 122,967
2,100
72,925 126,977
15,589
P ort Royal, &c. 151,313
55,044
4,160
W ilm ington...... 283,9^9 188,605
499
W ashlngt’n.&o
928
N orfolk .............. 455,934 462,850 189.365
70,871
W est P o in t.... 282,352 235,187
59,137
82,727
40,145
Newp’tNews.&c.
69,230 401,886 36,273
New Y o r k .......... 135,256
94,067 217,644
13i),66ö
99,313
55,987
6,955
B altim ore.......... 109,232
52,121
49,951
Philadelphia, &c 130,052
822,107 1,322,700
55,8-8
55,888
020,819 1,855,788
30,820 116,415
000
300
488,085 528,377
25,330 100,075
205,103 830,170
0,500 149,066
133,091 192,295
39,859
80,287
224,89.*)
2,476
130,306
15,074
178,724
107,158
82,727
632,054
220,020
236,574
65,025
44,481
1893-94.
1892-93.
September...........
October................
November............
S3,9e4 December........ .
0,151 January.......... .
33,011 February.............
M a rch .................
17,809 A pril....................
663,703
2,114,130
2,187,667
1,961,988
973,789
579,062
538,749
335,051
511,273
1,637,555
1,704,608
1,613,603
750,991
358,497
287,113
233,911
522,552
1,465,067
1,467,066
1,290,705
556.371
4 2,604
296.4 20
198,645
826,932
2,026,205
1,927,880
1,622,475
752,027
759,012
434.016
266,354
Total 8 months.
Balance season..
9,404,139
7,097,551
449,660
6,209,430
507,712
8.614,9Q1
423,806
Total crop........
............
1 7,527,211
6,717,142
9,038,707
24,504
3,823
100
228,264
17,500
14,996
10,854
3,125,078
742,594 2,285,940 6,153,612
695,602
5,693,486 2,667,238
571,955 1,459,937 4,699,130
620,974
4.768,725 2,010,710 501,901 1,210,847 3,785,518
Total 1892-93..
C ré â t B rita in e x p o r ts in clu d e t o tlie C hannel.
660,254
Total 1894-95. 7,623,267
•- Total 1893-94..
we shall find that the portion of the crop which has
reached a market through the outports and overland,
and the Southern consumption, since September 1
year and the two previous years is as follows.
1894-95. 1893-94.
Receipts at the ports to May I .......bales. 7,623,267 5,693,486
Net shipments overland during same time 1,075,872 753,065
Total receipts..............................bales. 8,699,139 6,446,551
Southern consumption since September 1 586,000 546,000
Total to May 1 -.......................... bales. 9,295,139 6,992,551
1891-92.
1894-95.
Months.
243,829
15,716
W EIGHT OF BALES.
To furnish a more exact measure of the receipts up to
May 1 we give below our usual table of weight of bales.
We give for comparison the figures for the same time
in the two previous years.
Same
Same
Eight Months Ending May 1, 1895. perVd in perVd in
1893-94 1892-93.
Average Average Average
Weight. Weight.- Weight.
Number of
Bales.
Weight in
Pounds. ■
Texas............... 1,704,767
Louisiana......... 2,501,558
233,290
Alabama..........
1892-93
1,090,788
574,300
\ South Carolina.
778,431
234,927
^ North Carolina.
9 Tennessee, &o.. 2,167,078
6,059,430?
Total........... 9,285,139
906,578,043
1,251,279,312
118,511,320
536,253,197
281,102,621
383,750,914
116,187,846
1,083,539,000
531-79
500-20
508 03
491 62
489-47
492-98
494-57
500-00
521-58
496-84
499 00
484-42
481-76
487-66
496-02
495-85
53102
497-66
499-00
486-18
478-65
484-51
479-31
49600
4,677,202.253
503 73
496-28
499 03
The amount of cotton marketed since September 1
It will be noticed that the movement up to May 1
In 1894-95 is thus seen to be 2,292,588 bales more than in
1893-94 and 3,225,709 bales greater than in 1892-93. To shows an increase in the average weight as compared
determine the portion which has gone into the hands of with the same period of the two previous years, the
Northern spinners during the same period we have average this year being 503*73 lb3. per bale, against
496*28 lbs. per bale for the same time in 1893-94 and
prepared the following:
Total receipts to May 1,1895, as above........................ bales. 9,285,139 499*08 lbs. in 1892-93.
Stock on hand commencement of year (Sept. 1,1894)—
AtNorthern p o r ts .............. .
104,810
At Southern p o r t s ..... . . . . . . . . . . . . . . .
78,927— 183,737
At Northern interior m a rk ets.............. ............
3,001— 186,73
9,471,87
Total supplyto May 1,1895.. .................................. .
Of this supply there has been exported
to foreign ports since Sept. 1; 1894.6,153,612
Less foreign cotton included — . . . . . .
47,502—6,106,110
Sant to Canada direct from West..........................
89,911
Burnt North and South....................- ................. .
41,197
Stock on hand end of month (May 1,1895)—
At Northern ports__________ . . . . . . . . 271,614
At Southern p o r ts .......... ..................... 4 2 3 ,9 8 8 - 695,602
A.t Northern interior markets-«—. . . . ------11,918—6,944,768
Total takings by spinners since September 1,1894 ............. 2-527,109
Taken by Southern spinners.......................................................
fi86,ooo
Taken by Northern spinners since September 1, 1894........ 1,941,109
Taken by Northern spinners same time in 1893-94............... 1,353.059
Increase in takings by Northern spinners this year...bales.
588,050
THE D R Y GOODS TRADE IN A P R IL .
The improvement in the market for staple cottons
noted during March has been more than sustained in
April. The demand for brown and bleached cottons
has been large in all grades and has developed consid
erably for coarse colored goods.
Stocks in all these
have been cleaned up to an unusual extent and many
agents are now sold ahead for a considerable time to
come. In brown goods the March advance in prices
has been well adhered to, with occasional further im -
THE CHRONICLE.
Ma y 4, 1895.]
provement.
Bleached cottons have advanced *£c. to
£c. per yard, as have various descriptions of coarse co l
ored cottons, and wide sheetings are |c. to l£c. per
yard up, with a strong tone at the close. Printed cot
ton fabrics of all kinds are firmer under the. advancing
market for gray cloths, and regular prints are frequently
i c . higher, with similar advance occasionally noted in
staple ginghams. Print cloths have ruled strong and
prices have risen 5-16c., with sellers reserved thereat at
the close. Collections during the month have been of
an average character and reports from various parts of
the country are generally favorable.
1894.
1895.
d Oott’n Printing
Ph low
*4 mid- cloths,
dling. 64x64
1..
2..
3..
4..
5..
6..
7..
8..
9..
10..
11..
12..
13..
14..
15..
16.
17..
18..
19..
20..
21..
22..
23..
24..
25..
26..
27..
28..
29..
30..
Sheeting s,
standard.
Lancaster
ginghams.
S’th’n Oott’n Print- Sheetlow
3-yd.
ing ings.
sheet- mid- cloths, standings. dling. 64x64 ard.
2-50
6
515le 2-50
2-50
51518 2-50
515i 6 2-50
51&16 2-50
5*8
5*8
5^
5ie
S'a
5*8
5
5
5
5
5
5
41«
413
41«
41«
4*3
51516
51516
61!«
6^8
2-50
2-S7
2-63
2-69
518
518
518
518
5
5
5
5
413
45a
4®8
438
2*75
51«
5
45a
63a
638
6718
6*3
61«
6»1«
2-75
2-75
2-75
2-75
2-75
2-75
518
518
518
518
518
518
5
5
5
5
5
5
45g
4®8
45a
4^8
45a
4^8
6*2
6^
6**
6-Hi
6»«
6*2
2-75
2-75
2-75
2 75
2-75
2*75
518
518
518
51«
51«
518
5
5
5
5
5
5
4^8
40a
458
4»8
45g
45s
6*3
6 I3
2-81
2-81
518
518
5
5
45a
45a
7S10
7&16
75ia
7516
7Bie
7518
2-81
2-81
2-81
2-81
2-81
2-81
7516
714
73ie
73]»
2-81
2-81
2-81
2’81
2*81
2-81
718
718
718
718
718
716
2-81
2-81
2-75
2-75
2 75
2-75
71l8
71ie
71)6
71l6
7*16
71-.«
2-75
2-75
2-75
2-75
2-75
2-75
7
2-75
...8 ...
614
614
614
614
614
6I4
...8 ...
6H
614
6k
6^4
6*4’
..’.si..
6H
614
614
614
614
...8 ...
614
6I4
614
6>4
614
...8 ...
6I4
Lancaster
ginghams.
S’ th’n
3-yd.
sheet•
ings.
514
5M
514
514
5i4
5
5
5
5
5
514
514
514
5
5
5
514
5
b ii
514
514
514
514
5U
5
5
5
5
5
514
514
514
514
514
* 1.
5
5
5
5
5
514
5
The above prices are—For cotton, low middling uplands at New York ;
for printing cloths, manufacturers’ net prices; for sheetings and
ginghams, agents’ prices, which are subject to an average discount o f 5
par cent, except when ocher wise stated; Soathern sheetings net.
THE M ICH IG AN CENTRAL.
It cannot be said of the Michigan Central, as of the
Lake Shore & Michigan Southern whose report we
review in a previous column, that it has for a long
term of years charged all new capital outlays to ex
penses and paid for the same out of earnings. Still,
the Michigan Central, like the Lake Shore, has for
some years been including in its expense accounts very
large sums for new equipment and for betterments and
improvements generally, thus swelling the totals of
expenses beyond what they would have been had the
company allowed simply for ordinary repairs and
renewals. We may say too that while the company
has made some charges to construction and equipment
account from year to year, the amount has been small
and has been chiefly for purchases of land for increased
terminals, station grounds, &c., while during 1893 and
1894 there was no charge at all to that account.
It follows that in the large expenses of previous years
there existed the opportunity for a very considerable
reduction in a year of depression. And this power to
contract expenses had of course to be exercised in a
very rigorous way during 1894. For, proportionately,
the Michigan Central suffered an even heavier reduc
tion of its gross revenues than the Lake Shore. In the
latter case we found that the gross had decreased $4,128,062, or 17*4:3 per cent. On the Michigan Central
the decrease has been $3,594,018, or 22*22 per cent,
the amount of the gross having dropped from $16,178,031 to $12,584,013. To offset this loss in receipts, ex
penses were reduced from $12,287,792 to $9,144,108,
the saving thus being $3,143,684, or over 25 per cent.
777
A reduction of fully one-quarter in the year’s ex
penses is certainly a very noteworthy contraction. The
company spent only $1,484,645 for maintenance of
way and structures in 1894, against $2,337,795 in 1893,
and but $918,566 for maintenance of equipment,
against $2,001,072. The saving in the one case has
been $853,150 and in the other $1,082,506, or together
$1,935,656, thus accounting for over 60 per cent of the
$3,143,684 total decrease in expenses. The remainder
of the decrease is found in the cost of conducting trans
portation. If we examine the different items under
the head of maintenance of way and structures, the
reduction is seen to have been very general, the de
crease being heaviest in repairs of roadway, where
$667,654 was spent in 1894, against $1,030,152 in 1893.
For repairs of bridges and culverts $131,043 was
spent, against $234,218; for repairs of buildings
and fixtures $96,578, against $243,736; for renewals
of ties $179,600, against $267,717, and for renewals
of rails $103,539, against $129,333.
In the items under maintenance of equipment the
curtailment has been yet more marked; in repairs of
locomotives only $297,662 was' spent against $823,445, in repairs of passenger cars $129,859 against $274,257, and in repairs of freight cars $364,741 against
$763,079. But it is important to understand that
what are here called “ repairs 3 included in 1893 a
considerable amount of new and additional equipment.
Thus the locomotive repairs for 1894 average only .
$646 per locomotive, while in 1893 the average per
locomotive was $1,786. Looking at the details, how
ever, we find that ||repairs” in 1893 included the cost
of 35 entirely new locomotives, only 3 being to replace
old locomotives, the other 32 going to enlarge the num
ber of locomotives owned. In 1894 no new locomotives
were purchased at all. So in the case of the cars ; in
1894 there were no additions; in 1893 18 passenger cars
were added ; in the freight service only 100 cars were
bought or built to replace old cars worn out, while in
1893 389 new cars had been acquired for this purpose.
The Michigan Central differs from the Lake Shore in
one important particular, namely in reporting precisely
as many cars in service at the end of 1894 as at the
end of 1893, thus showing that no more cars were
broken up than were replaced by new ones.
Despite the great reduction in expenses, net earn
ings fell off $450,333, and it will be remembered that
the company had to reduce its dividends, paying only
4 per cent out of the income of 1894 against 5£ per
cent out of the income of 1893. The Canada Southern
(which forms part of the same system) also had to
reduce its dividends, paying only 2| per cent against
3 per cent. The income account shows that the 4 per
cent paid on Michigan Central stock called for $749,528, while the amount available for dividends on the
operations of the twelve months was $795,562,
leaving a balance of $46,034.
In the Michi
gan
Central case even more than in
the
Lake Shore case, the loss in the gross revenues occurred
mainly in the passenger receipts. Indeed the falling off
in the freight earnings was only $910,330, while in the
passenger earnings it was $2,570,540. But the freight
earnings had declined heavily in the year preceding,
while the passenger earnings then showed a striking in
crease on account of the World's Fair. The Michigan
Central has a very large through tonnage, and yet the
average rate obtained by it on its entire freight traffic
is much better than that Of the Like Shore, being 687
thousandths of a cent per ton per mile, while that of
778
THE CHRONICLE.
the Lake Snore was only 572 thousandths. But the
latter has a very large tonnage in the bulky or cheaper
class freights, like coal, ore, &e., which tike very low
rates.
B E V IEW
OF PRICES I N A P R I L STOCK S, GOVERNM ENT BONDS
AN D F O RE IG N EXCHANGE.
109% 112
37%
89%
88
2>
27%
66%
124% 130%
158 163
n % 14%
37% 43%
7%
32 ’
32
6
7% 13%
40 ’
40
1 ¿1$ 15%
34
36
105 106
1%
m
1%
83% 92%
7%
8%
22% 27
9
10
21%
17
74
78%
136% 143%
83% 84%
6% 13%
56%
51
6%
8%
23
28%
1%
1%
109% 119%
83% 90
10
9
3
1%
1
01
92
26%
46 *«
15%
25%
23%
16
160
95%
13%
65.
25%
260
116%
9%
21%
29%
50%
17%
33
27
19
162%
99%
15
65
30
265
117%
12%
25
36%
200
16%
%
12%
34%
65
3
13%
4%
16%
14
17
6
4
4
12%
17
46%
23
183
15
37%
114
40%
1%
201
17%
13%
37%
65
4
17
5
22%
19
18
8
5
4%
16%
18%
49%
30
183
17%
44
115%
2%
R a ilr o a d s .
St. L. A. & T. H ........
St. Louis Southwest .
Pref............... ........
St. Paul & Dul..........
Pref
...............
St. Paul Minn. & Man.
Southern Pacific Co..
So. Ry. vot. tr. certs.
Pref. vot. tr. certs.
Texas & Pacific.........
Tol. Ann A. & No. M.
Toledo & Ohio Cent..
Union P a cific..........
Union Pao. D. <fc G ..
United N. J. RR. &C.
Wabash.......................
Pref.........................
Wheel. & L. Erie.......
Pref.........................
Wis.Cent.vot. tr. cert.
E xp ress,
Adams........................
American...........
United States............
Wells, Fargo & Co.. . .
C o a l a n d M in in g .
*Alice........ ................
“Chi-.v solite...............
Col. C. & I D evel....
Col. Fuel & Iron.......
Pref .......................
Col. & Hock. C .& I...
“ Comstock Tunnel...
Consolidation Coal. .
“ Enterprise........ .
“Horn Silver.............
“"Homestake.............
'Kingston & Pemb..
“Leaavil e ...............
Minnesota Iron........
New Centr 1 Coal___
“Phoenix of Arizona.
Quicksilver...............
Pr f .........................
“Standard..................
Tenn. Coal & Iron.. . .
Pref.........................
Tex. Pao. Coal..........
“Union Consol..........
V a r io u s .
Am. Cotton Oil Co....
Pref.........................
•Am. Sugar Refin.Co.
“Pref........................
Amer. Tel. & Cable...
“Arner. Tobacco Co..
P r e f.......................
“ Bay State G a s .......
Bruuswick Co...........
Chicago Gas Comp’y.
Consolidated Gas Do.
Dis. & Cat. Feed. Co.
Cerfcfs....................
do 1st inst. paid
do 2d inst. paid
do 3d inst. paid
do all inst. paid
Edison Elec. 111. C o..
Erie Tele. <fc Telep ..
General Electric.......
“Keelv Motor............
Laclede Gas, St. L . ..
Pref.........................
Manha’ tan Beach...
“Mex. Nat. Construe.
Mich. Pen. Car, pf...
“National Lead C o. . .
“Pref............... .........
National Linseed....
National Starch........
1st pref...................
2d pref...................
North American C o. .
Oregon improv’t Co,
Pacific Mail...............
P. Lorillard pref ........
Pipe Line .....................
“Posta: Tel. & Cable.
Pullman Palace Car.
Silver Bullion certs..
Tex. Pac. LandTr...
U. S Cordage.............
Pref .............................
Guar ................ ..........
*U. S. Leather...........
“P r e f .......................
U. 8. Rubber Co........
Pref.......: ................
Western Union Tel..
“West’n Union Beef.
Low.
40
4%
10
26%
85
107
16%
11%
32%
9%
1%
45
11
4%
232
6
14%
11%
41%
4
High.
41%
6%
13
2 ’%
89
108
18
14%
37
10%
3%
48
13%
6%
235
7%
17%
13%
44%
4%
143 148
112 115
40% 43
104% 109
•40
•45
•16
•19
5%
7%
2\
25%
64
64
5%
7%
•05
•11
28% 30%
*3 > •72
2-25 2*75
•22
•22
•17
•20
•13
•13
40
49%
8%
8%
•03
•09
2%
4
16% 20
2-75 2-75
15% 22%
74
80
49% 49%
•60
•60
25%
71%
99%
93%
90
93%
107%
13%
23%
77
110
100
93%
105%
111
22%
1%
1%
70% 74%
132 140
13% 13%
14
14%
14% 16%
14% 15%
15% 18%
19% 19%
96% 99
53
5 k%
3L% 36%
4%
25%
82%
3%
11
4%
29
86
3%
11
56
35%
89%
24%
10
50
30
6
11
24%
56
31
85
20
7%
50
15
4%
10
22%
119% 119%
147% 157%
69
69
157 173%
65% 63%
8%
9%
5%
7%
8% 1 1%
17% 22%
1 1% 21%
69
90
39
41%
93% 94
86% 89%
8 % 10%
The range of Government bonds sold at the Stock Exchange
in April was as follows :
GOVERNMENT BONDS IN APRIL.
43,
4«,
4 »,
1907,
1907,
1925,
coup
coup.
reg.
112
120%
111%
112%
111%
121%
112
1201«
111%
112%
1211«
111%
sales during the month.
5s,
1904,
reg.
115%
116
114%
114%
53,
6s, cur.
1 >04
189 8.
coup.
reg
116
101%
116%
108%
108%
115%
116%
108%
RANGE OF STATE BONDS IN APRIL.
RAILROAD AND MISCELLANEOUS STOCKS.
Low. Hiah.
7%
5%
%
1%
51% 59%
9
6
101% 102%
19
19
60
60
46%
39
49% 53%
9% 12
91% 98%
17% 18
17% 19%
149 150
71% 75%
95
98
57% 62%
115% 118
91% 99
138% 141
63% 67%
range of
4«.
1925,
reg.
Opening.. 120%
Highest ..120%
Low est... 120%
Closing... 120%
* Prices bid—no
The following highest and lowest prices are from actual
sales at the New York Stock Exchange:
The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of April, 1895.
R a ilr o a d s .
Atchison Top. & S.Fe.
Atlantic & Pacific....
Baltimore & Ohio. . . .
B. & 0 . 8. W .pref----Bost. <feN. Y A. L. p f.
Buff. Boca. & Pitts..
Pref....................
Canadian Pacific.. . . .
Canada Southern......
Cedar Falls & Minn.
Central of N. Jersey..
Central Pacific..........
Chesai eake & Ohio..
Chicag* >& Alton. . . . .
Chic. Burl. & Quincy.
Chio.& East. ill. pref.
Chic. Mil. & St. Paul.
Pref.........................
Chic. & Northwest...
Pref.........................
Chic. & Rook Island..
Ohio. St P. Minn. & O.
Pref...................... —
Cl. Cin. Chic. & St. L.
Pref................. .......
Col. Hock.Val. &Tol.
Pref.........................
Delaware & Hudson.
Del. Lack. & Western
Den. & Rio Grande...
Pref.........................
Des Moiaes & Ft. D .
Pref.........................
*Dul. So. Sh. & A tl...
"P re f.......................
JEvansv. dc Terre H ..
Flint & Pere Marq_...
P r e f.........................
Great North’n, pref..
Gr. B. W.&6t.P.tr.rec.
Pref. tr. rcpts........
Illinois Central— . . .
Iowa Central.............
Pref.........................
Kan. & Mich.............
Lake Erie & West’n ..
Pref.........................
Lake Shore........
Long Island...............
“ Long Island Trac’n.
Louisville & Nashv..
L. N. Alb.&C.new stk.
P r e f ........................
Louisv. St. L. & Tex.
Manhattan consol....
“ Metropolitan Trae..
Mexican Central....
Mexican Nat. o tfs...
Michigan Central....
Minn. <&St.L.tr.rects.
All assessm'ts paid
¿ref., all assts. pd.
M<>. Kan. & T exas...
Pref.........................
Missouri Pacific.. . . . .
Mobile & Ohio.. . . . . . .
Morris & Essex.. . . . . .
N. Y. Cent. & Hud. R.
U. Y. Chic. & St. Louis
1st pr f ................
2d pref....................
N. Y. & Harlem........
N. Y. Lack. & West’n
N. Y. Lake Erie & W.
Pref.........................
N. Y. & N. E. tr. rec.
oil instalm’ ts paid.
N.Y. N.H.&Hart.......
N. Y. Ont. & W est....
*N. Y. P. & O., pf ...
N. Y. Susq. & W., new
Pref. new — ........
Norf. & Southern---Norfolk & Western...
Pref.........................
Northern Pacific.......
Pref.........................
Ohio Southern........
O eg Ry. & Nav—
Oreg. Sh. L. & U. N ..
Peo. Dec. & Evansv.
Peoria & E astern....
Phila. & Read...........
P. C. C. & St. L ..........
Pref.........................
Pittsb. & West, pref..
Renssel. & Sara.......
Rio Grande We t . . . .
Pref.........................
Rome Water & Ogd..
St. Jo. & Gd. Island.
* Unlisted.
[V ol . LX,
Low. High.
Low. High.
Alabama Class “ A ” . 108 108
Tenn. new settle. 3s.
84
85
Louisiana consol. 4s.
91% 96
Va.fd. debt,2-3?,1991
59% 59%
No. Car. 6s, 1919
125% 125%
6s def. tr. rec. st’d. 6%
7
The daily posted rates for 60 days and demand sterling
exchange in April are given below, it being understood
that bankers’ actual rates are usually a fraction below the
prices posted.
bankers’
Apr.
1 ....
2 ....
3 ....
4 ....
5 ...
6 ...
7 ...
8 ...
9 .. .
10 ...
11 ...
12 ...
60
days.
Der
mand.
60
day8.
Apr.
88%-9% 4 90-% 13 ...
88%-9% t 90 % 14 ...
88%-9% 4 90-% 15 ...
88 s-9% 4 90-% 16 ...
88%-9% 4 90-% 17...
88%-9% 4 90-% 18...
......... s.
19...
88%-9*« 1 90 % 20...
88%-9% 4 90-% 21...
8 <%-9% 4 93-% 22...
88%-9% 4 90-% 23...
38%-9 , 4 80 % 124...
1895.
(p o s t e d r a t e s ) f o r a p r i l ,
s t e r l in g e x c h a n g e
De
mand.
88%-9% 4 90-%
..........S. .. ....
88%-9% 4 90-%
88%-9% 4 9)-%
83 -a-9% 4 90-%
38%-9% 4 90 %
88%-9% 4 90-%
88%-9 % 4 90-%
......8 .
88%-)% 4 90 %
88% 9% 4 9)-%
88%-9%!4 90 %
60
days.
Apr.
De
mand.
2 5 ....
2 6 ...
2 7 ....
28 .. .
2 9 ...
30 ...
88%-9% 4
83%-9 % 4
88%-9 % 4
..........S.
4 89-% 4
4 39
4
90-%
90-%
90 %
__T
90-%
90-%
Open.
High..
Low..
Last..
88%-9%
4 89%
4 88%
4 89
90-%
90%
90
90-%
4
4
4
4
Clearings by Telegraph.—Sales o f Stocks, B in d s, &c.—
Stock E xchaige Cleariug-Ho ise Transactions.—Tae sub
joined statement, covering the clearings for the current week,
usually appears on the first page of the C h r o n ic l e , but
on account o f the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1894 there is an increase in the ag
gregate of 15’5 per cent. So far as the individual cities are
concerned New York exhibits an excess of 21*9 per cent, and
the gains at other points are, Boston 12’1 per cent, Philadel
phia 12’5 per cent, Chicago t'8 per cent and St. Louis 18*8
per cent. Losses are recorded at Baltimore 1*6 per cent and
New Orleans 0 3 per cent.
Week Ending May 4.
Cl e a r in g s .
Returns by Telegraph.
1895.
1894.
.In
Per Cent.
N ew Y o r k .................................
B o sto n ........................................
Philadelphia..............................
B altim ore..................................
C hicago......................................
St. L o u i s ....................................
N ew Orleans..................
$550,874,783
86,920,910
59,963,640
11,589,925
89,412,377
23,157,200
6,729,449
$451,825,226
77,535,377
53,293,053
11,779,682
87,834,434
20,350,828
6,750,340
+21-9
+12-1
+12-5
- 1-6
+ 1-8
+13-8
- 0-3
Seven cities, 5 d a y s .........
Other cities, 5 d a ys............
$828,648,284
140,926,372
$709,368,940
129,988,762
+16 B
+ 8-4
T otal all cities, 5 d a y s___
All olties, 1 d a y ........................
$969,574,656
177,092,368
$839,357,702
154,248,035
+15-5
+14-8
T otal all cities fo r w e e k ..
$1,147,667,024
$993,605,737
+15-5
Another table, our usual monthly detailed statement o f
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the four
months of the current year are, however, given below and for
purposes of comparison the figures for the corresponding
period of 1894 are also presented.
Four Months, 1895.
Description. Par Value
or Quantity
Actual
Value.
Four Months, 1894.
Aver’ge Par ■Value
Price. or Quantity
Actual
Value.
Aver'g :
Price.
16,433,186
18,473,024
St0Ck{ l a L *1600661405 1$951721353 59-5 j $1616,813,270 ( $944645376 58-4
$128,695,900 $93.828,250 72-9
RR. Ponds.. $125,383,020 $88,038,068 70-2
$4,905,768 114-8
$4,373,350
$1.664,400
$2,125,373 127-7
Gov’t bonds
$9 A '95 29-0
$4,930,000
$2,002,346 40-6
State bonds $3.386,700
$342,783 152-8
$224,366
$203,060
$335,360 165-2
Bank stocks
T o t a l.... $1733918841 1,045,990,667 60-3
11,758,400 ' $358,238,665 $30-47
Cotton, .bis.
Grain, bush. 544,793,383| $326,977,554 60c.
»1752,336,630 1,042,936,705 59-5
12,635,400 ■8491,354,381 $3--89
485,296,127 $.00,837,762 61 8-lOc
[1,731,206,886
Total vaine.
$1835393295
The transactions of the Stock Exchange Clearing-House
from April 22, down to and including Friday, May 3,
also the aggregates for January, February, March and April
in 1895 and 1894 are given in tabular form below.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
,— Shares, both s i d e s % ,------- Balances, one side.------- >Sheets
Cleared. Total Value. Shares. Value Shares. Cash. Cleared
1893—
January...
February..
March......
April......... ,
4 m os...
28,544,500
25,108,900
24,591,100
20,802,500
$
2.064.709.000
1.744.400.000
1,690,000,000
1.421.300.000
3,000,000
2,587,900
2,703,800
2,311,300
99,047,000 6,920,409,000 10,603,000
$
3,300,500
3.529.000
3,784,100
2.331.000
6,839
6.131
7,080
6,005
701,601,000 12,944,600
26,075
$
210.700.000
172.701.000
167.900.000
153.300.000
THE CHRONICLE.
Ma t 4, 1895.]
*— Shares, both sides.—, ,-------- Balances, one side------- . Sheets
Cleared. Toted Value. Shares. Value Shares. Cash. Cleared
I
$
$
__
January...
February.
March.......
A p ril........
18.363,000 1,088,600,000
12,847,600
784,800,000
16,912,900 1,076,441,000
14,725,000
868,700,000
4 m o s .... 62,851,500 3,818,541,000
1895-
1,354,000
1,035,400
1,452,100
1,384,300
5,225,800
13,593,500
896.200,000
12,030,600
762,100,000
19,057,700 1,207,500,000
15,799,200 1,004,800,000
1,091.000
997,500
1.493.600
1.710.600
4 m o s .... 80,481,000 3,870,600,000
5,292,600
January...
February..
March......
A p ril........
Apr. 22..1,100,000
“ 23.. 876,600
“ 24-. 823,700
“ 25.. 817,500
“ 26.. 896,400
68.500.000
53.400.000
50,000,000
51.600.000
60.400.000
115,900
97,500
98,400
93,800
90,600
69,100,000
56,200,000
81,800,000
77,200,000
2,041,000
1,396.900
1,928,700
1,418,900
284,300,000 6,785,500
63.700.000
65,000,000
85,400,000
94,500,000
1,483.100
1,133,500
1,926,400
1,399,300
298,600,000 5,942,300
6.600.000
5.600.000
5.600.000
4.900.000
5,000.000
77,600
62,300
78,800
53,900
75,300
6,830*
5,598
6,581
6,401
25,410
6,434
5,516
6.540
6,434
24,923
329
309
306
325
324
Tot. w k ..4,514,200 283,900,000
Wklastyr3,473,100 204,400,000
Apr. 29.. 891,500 59.100.000
“ 3 0 .. 843,100 50.900.000
May 1.. 805,300 48.800.000
“
2 .. 987,600 64.700.000
“
3..1,100,200 70.600.000
496,200 27,700,000 348,400 1,593
318,700 18,000,000 314,800 1,540
94,200 5.500.000 6 «,300
328
321
96,900 5.100.000 70,800
98,800 5.300.000 54,600
313
120,400 6.100.000 54,200
329
142,000 8.100.000 90,300
343
Tot. wk. .4,627,700 294,100,000
Wklastyr4,076,500 276,600,000
552,300 30,100,000 338,200 1,634
349.500 24,300,000 433,500 1,532
The stocks cleared now are American Cotton Oil comm« d ,
American Sugar common, American Tobacco common, Atch
ison, Central of N. J., Chicago Burlington & Quincy, Chicago
Gas, Chicago Milwaukee & St. Paul common, Chicago &
Northwestern common, Chicago Rock Island & Pacific, Delawaie & Hudson, Delaware Lackawanna & Western, Dis
tilling & Cattle Feeding, General Electric, Lake Shore &
Michigan Southern, Louisville & Nashville, Manhattan, Mis
souri Kansas & Texas preferred, Missouri Pacific, New York
Central, New York L. E. & W est., New York & New Eng
land, North. Pac. pref., National Lead common, Phila. &
Read., Southern Ry. common and preferred, Un. Pae., U. S.
Cordage common and preferred, United States Leather com
mon and preferred and Western Union.
779
CASH IN T H E T R E A S U R Y .
Gold—Coin...................................... .............................
B a r s ......................................................
Silver—D ollars............................................................
Subsidiary co in ...................................................... .
Bars..........................................................................
Paper—United States n o te s ...................................
Treasury notes o f 1890.............................. ............
Gold certificates......................................................
Silver certificates.....................................................
Certificates o f deposit (A ct June 8,1872)..........
National bank n o te s ..............................................
Other—Bonds, interest and coupons paid, await
ing reim bursem ent............................................... .
Minor coin and fractional currency....................
Deposits in nat’l bank depositaries—gen’l a ec’t..
Disbursing officers’ balances...................................
$89,954,139 71
60,044,013 64—$139,998,153 35
869,713,880 00
16,516,559 48
124,583,685 4 5 - 510,813,574 93
79,287,110 99
27,743,971 00
63,640 00
7,699,233 00
80,000 00
4,959,624 71— 119,833,579 70
109,538
1,243,604
11,555,466
3,888,417
40
75
85
77— 16.797,027 77
Aggregate.
$787,442,335
DEM AND L IA B IL IT IE S.
Gold certificates.......................................................... $48,814,649 00
Silver certificates....................................................... 330,914,504 00
Certificates o f deposit act June 8,1872................ 37.375,000 00
Treasury notes o f 1890.............................................. 149.584,471 00—$568,688,624
Fund fo r redemp. o f uncurrent n at’l bank notes
7,702,280 27
Outstanding checks and dra fts..............................
4,04S.380 68
Disbursing officers’ balances................................... 23,300,946 20
Agency accounts, &o.................................................
4,589,188 53— 39,935,795
Gold reserve..................................... $91,247,144 00
Net cash balance.............................. 89,570,772 09. ........................... 180,817,916
75
00
66
09
A ggregate......................................... ..................................................$787,442,335 75
Cash balance in th e Treasury March 31.1895................................... $187,917,261 11
Cash balance in the Treasury April 30,1895...................................... 180,817,916 09
Decrease during the m on th ...................................................................
$7,099,345 02
BONDS ISSUED IN A ID OF PACIFIC R A IL R O A D S .
Int. repaid by Companies.
Principal Interest Interest
Name
accrued
By Trans By cash payOut
paid
by
of Railway.
and not
portation m’ts; 5 p. e.
standing.
yet paid. the C. S. Service. net earnings.
$
25,885,120
6,303,000
27,236,512
1,600,000
1,970,560
1,628,320
$
517,703
126,060
544,730
32,000
39,411
32,566
Balance
of Inter’st
paid by
the U. P.
$
41,319,113
10,478,403
43,761,044
2,653,808
3.027,935
2,587,838
$
7,283,419
4,384,622
14,724,313
625,792
9,367
228,659
$
658,283
..........
438,410
6,927
Totals........ 64,63:3 512 1.292,470 103818141
27.256.171
1.103.630 76,458,351
Den. Pacific.
San. Pacific.
(Jni’n Pacific
Den. Br. U.P.
rVesr- Pacific
iloux C. & P.
$
88,377,411
6,093,781
28,588,323
2,021,089
3,018,568
2,359,179
W & B U & t& x % 5 (ß o m m zx c in l% U Q lislx $ $ ,z x o 8
[From our own correspondent.!
D E B T STATEMEN1 A P R IL 80, 1895.
L o n d o n , Saturday, April 20, 1895.
The money market is growing easier every day, and the
The following is the official statement of the United
States public debt and of the cash in the Treasury at general expectation is that it will remain so throughout the
summer. The Bank of England holds 36% millions sterling
the close of business April 30, 1895.
in gold and there is every prospect of considerable additions
to the amount. The reserve exceeds 27% millions sterling
Jmt’r’t
Amount
Amount Outstanding.
and the proportion to the liabilities is over 68 per cent. Small
Title of Loan.
Pay’le
Issued.
amounts of gold are leaving the Bank of France but still the
Registered. Coupon.
Toted.
stock held is enormous—not much under 83 millions sterling.
4Ks, F ’n ’d L oa n .1891
Continued at 2 p. e. Q .-M .
$250,000,000 $25,364,500
$25,364,501 In fact, all the Continental banks are exceedingly strong, and
4s, F ’ded L oa n ..1907 Q .-J .
740,886,650 489,860,050 $69,765,250 559,625,300
the amounts coming from South Africa and Australia are
4s, R e f’d’g Certified. Q.—J.
40,012,750
54,410
5s, Loan of 1904........ Q.—F.
Short loans, therefore, are freely made at % per
100,000,000 51,111,150 48,888,850 100,000,000 very large.
4s, Loan o f 1925........ Q .-F .
31,157,700 20,684,700 10,473,000 31,157,700 cent and the rate of discount is rather under % per cent.
A ggregate ex cl’d’g
The conclusion of peace between China and Japan has not
B ’ds to Pac. R R .
1,162,057.100 587,020,400 129,127,100 716,201,910
been followed by the sharp rise in silver and silver securities
DEBT ON W H ICH IN TER E ST H A S CEASED SINCE M A T U R IT Y .
which had everywhere been expected. A t one time early in
March 30.
A pril 30.
Funded Loan o f 1891. matured September 2,1891
$478,800 00
$470,200 00 the week the price o f silver rose to 30^ d. per ounce, but it has
Old debt m atured at various dates prior to Jam il
ary 1,1861, and other item s o f debt matured at
since declined to 30%d. per ounce, and silver securities are
various dates subsequent to January 1 ,1861..
1,291,450 26
1,284,460 26
rather lower than they were. China is to pay an indemnity to
Aggregate o f debt on which interest has ceased
since m aturity.............................................................. $1,770,250 26
$1,754,660 26 Japan of 200 million taels, equal to about 30 millions sterling
tt ,, ,,
.
DE B T B E A R IN G NO IN TER E ST
U nited States n otes......................................................
$346,681,016 00 at 3s. to the tael. But the payments are to be spread over five
Old demand n otes................................................. ................................
54,847 60 years, and the general impression amongst the best informed
National Bank n o t e s :
Redemption a ccou nt......................................
27,069,968 50 is that not more than 10 millions sterling, or one-third of the
Fractional cu rren cy............ ; .........................................$15,27i,351 42
Less amount estimated as lost or destroyed........... 8,375,934 00
whole indemnity, will be taken in silver. Japan has bought
' 6,896,417 42
Aggregate o f debt bearing s o in t e r e s t ...................................$380,701,249 42 ships and war material on a large scale in* Europe, and it is
understood that she will buy much more largely in the im
CERTIFICATES AN D NOTES ISSUED ON DEPOSITS OF COIN AND
mediate future. The current belief is that she will use the
LE G A L-TE N D E R N O IE S AN D PURCHASES OF 8 II.V E R B U LL IO N .
war indemnity to pay for her purchases. Furthermore, the
In the
In
Amount
Classification of Certificates and Notes.
agents for the loan will of course avail themselves of the
Treasury. Circulation Issued.
usual commercial facilities for remitting the money without
Gold certificates.................................,,
$68,640 $48,751,009 $48,814,649
Silver certificates........................ ,...,
The best judges, therefore, think that
7,699,233 323,215,271 330,914,504 actually sending cash.
Certificates o f D ep osit................... ..
80,000 37,295,000 37,375,000 not more than two millions sterling per annum will be ex
Treasury notes o f 1890.............................
27,743,971 121,840,500 149,584,471
pended in buying silver, if even so much, and hence they
Aggregate o f certificates.......................... $35,586,844 $531,101,780 $566,688,624
argue that the price is now quite high enough. On the other
RH CA PITU L ATION.
hand sanguine speculators hold that as China is to be opened
April 30,
up there will be a great expansion of trade, that therefor®
March 31,
Increase or
Classification of Debt.
1895.
1895.
Decrease.
immense amounts of silver will be required, and that after a
$
$
$
very little while there will be a considerable further rise.
Interest-bearing debt.................. 716,201,910 00 713.851,900 00
D eb t on which int. has cea sed ..
1,754,660 26
1,770,250 26
D. 15,590 00 Meanwhile the speculation in silver is helping the India
D ebt bearing no interest........... 380,701,249 42 381,025,096 92
D. 323,647 50 Council, which on Wednesday offered for tender 60 lakhs o f
Aggregate o f interest and nonrupees in bills and telegraphic transfers, and sold the whole
1,098,657,819 68 1,096,647,307 18 1.2,010,512 50 amount at Is. 1 13-32d. per rupee.
Certiflcate and notes offset by
The stipulations in the treaty of peace between China and
an equal am ount o f cash in
566,688,624 00 587,944,442 00 D. 1,255,818 00 Japan for opening additional treaty ports and an immense
Aggregate o f debt, including
portion of the Empire are naturally exciting much interest
certificates and n o te s .............. 1,665,846.443 68 1,664,591,749 18
I, 754,694 50 here, and people are asking is it likely that railways will be
IN TE R E ST-B E A R IN G
DEBT.
THE CHRONICLE
780
built upon a considerable scale ? There is not much probabil
ity that private enterprise will engage in railway building in
China without guarantees from the Government, and the
question is, what guarantees worth anything can be given?
In 1893 the revenue from the Customs was £3,600,000, and
about £1,100,000 are mortgaged for existing loans. There is,
therefore, a free revenue of 2 ^ millions sterling, which is
considered ample for the loan that will be required to pay the
indemnity. Power has been reserved to pay off some of
the loans, and a considerable amount will fall due next year.
It seems probable, therefore, that more could be borrowed on
the Customs revenue than the 30 millions sterling; and of
course if trade expands as is expected the new treaty ports
will yield additional revenue, and after a while China can
borrow more. She has other resources which she could
pledge, for example the revenue from opium. It is said,
indeed, by those who know the country well, that if the Chi
nese Government were willing to create a European adminis
tration, similar to the existing Customs administration, she
could raise at least 4 millions sterling per annum more, which
would be a good security for any loans that she may wish to
create.
The stock markets have not been quite so active this week
as immediately before Easter. In the American department,
it is true, there has been more speculation ; but the general
public is still holding aloof. The greater operators, however,
are looking more favorably upon the market, and it is prob
able that if New York continues confident there will be an in
crease in business here. In the International department
there is less doing, partly owing to fears that the European
Powers may intervene between China and Japan on account
of some of the terms of peace and partly because speculation
ban gone too far both in Paris and in Austria-Hungary.
Parisian operators have been selling foreign Government se
curities in London on a considerable scale this week. The
South American department is quiet and so is the Colonial,
and there is not very much doing in British railway stocks.
The South African department is, however, exceedingly
strong. The French are buying as heretofore, and the opin
ion in Paris is that their purchases will continue for a long
time to come. New mines are being developed, immense
quantities of machinery are being brought here and sent out,
and everything points to a large increase in the output in the
early future.
On the other hand, very bad reports are coming from
Western Australia. Two or three mines which were sold here
to the public for very large sums appear to be almost valueless,
and that has stopped the formation of new Australian mining
companies, and to some extent has put a damper even upon
other mining ventures. But well-informed people know that
sufficient development had not taken place in Western Aus
tralia, and that consequently the bringing out of companies
here for mining in the new district was unwise and alto
gether overdone.
The following return shows the position of the Bank of
England, the Bank rate o f discount, the price of consols, &c.,
compared with the last three years:
1895
April 17.
£
1894
April 18.
£
1893.
April 19.
£
lircu la tion ..................................... 26,018,345 24,858,505 25,355,435
8,203,640
5,8L8,924
Public deposits........................... . 7,909,841
Dthcr deposits............................. 32,447,505 28,546,716 28,627,298
9,379,038
11,208,101
12,572,022
Bovernment securities..............
Other securities........................... 17,979,035 21,841,420 24,303,511
Reserve o f notes and coin......... 27,536,748 23,338,079 16,770,355
Coin & bullion, both departm’ts 86,755,093 31,396,575 25,675,790
63 q
68 1-16
48%
Prop, reserve to liabilities, .p. c.
2
2
2%
Rank ra te................... ...per cent.
105%
100%
99
Consols, 2% per cen t...................
S8d.
28%d.
S ilver.............................................. Apl.l8.30%d.
Clearing-House returns............. 97,687,000 162,553,000 144,646,000
The rates for money have been as follows :
Open Market Rates.
25,765,150
5,981,734
29,553,784
11,256,001
26,980,296
15,093.933
24,409,133
42 6-16
2%
96 5-16
40d.
89,953,00.
0
Interest allowed
for deposits bp
Trade Bills.
Di*e’ t BTteJoint
Three
Four
Six
Six
Stock At 7 to 14
Thru Four
Months Months Months Months Months Months Banks. Call. Dope.
Bank Bills.
London.
1
«
Mar.
"
Apr.
“
. **
1892
April 20
£
1H&1H 1%®2
22 % 13-16-%
m 11-16-% 1%
1
i
1%
1%@1%
m
29 a 1@1%
5 a
H &-13-16 %@1 1 @1% 1%@1% 1%@1%
1
1%@1 H
11 a 13-16 13-16-%
1%
1%®1%
1
13-16-% 15-16-1
19 a i a -16
VÁ
1%
%
%
%
%
%
%
%
%
%
%
U
H
H
H
H
The Bank rate of discount and open market rates at the
jhief Continental cities now and for the previous three weeks
nave been as follow s:
Rates of
Interest at
fVoL. LX.
April 19.
Bank
Rate
P a r i s ................
B erlin................
Ham burg........
Frankfort.. ..
Amsterdam ...
Brussels ........
Vienna.............
St. Petersburg.
Madrid ...
C openhagen...
Mar. 29.
April 5.
April 12.
Open Bank Open Bank Op««> Bank Op«n
Mark». Rate. Market Rate. Market Rate. Market
2
2
3
3
3
2%
2%
4
6
6
3%
1%
1%
1%
1%
1%
3
3
3'
8%
2%
4
6
5
3%
m
8%
5%
6
3%
1%
1%
1%
2
3
3
3
2%
m
8H
OH
4
6%
6
3%
6
1%
a
s%
2
3
3
3
2%
2%
1%
1%
1%
1%
i%
i%
8%
5%
6
8%
4
6
5
8%
1%
1«
1H
1H
1
1%
4
6%
6
3%
Messrs. Pixley & Abell write as follows under date of
April 19 :
Gold—The Bank of England has received *350,000 in bars and coin
since our Iasi, there being no demand of any k in d; *100,000 has been
withdrawn for the Cape. Arrivals: South Africa, *138,000; Brazil,
*19,OoO; West Indies, £33,000; total, *190,000. Shipments to Bom
bay. *25,000.
Silver—In consequence of Easter prices were somewhat nominal
until the 17th, when the news of peace having been concluded between
China and Japan caused a good ioquiry, and the market rose to 307sd.
At this there were many sellers, and consequently sales were eflected
at constantly reduced rates. Arrivals: New York. *6 5 ,0 0 0 ; West
Indies, *11,000; total, *76.000. Shipments to Bombay, *83,200.
Mexican Dollars—The last price at which business took place was
30d., and they are now nominal.
The following shows the imports of cereal produce into the
United Kingdom during the first thirty-three weeks of the
season compared with previous seasons:
IMPORTS.
1894-5.
1893-4.
1892-3*
1891-2.
Imports o f wheat.cwt. 44,052,866 36,948,604 38,804,248 43,197,024
Barley.......................... 18,212,544 21,630,113 11,580,326 13,869,675
Oats.............................. 8,649.427
8,230.801
7,793.402 8,463.552
Peas............................. 1,594.379
1.712,343
1,463,421 1,989,906
Beans.......................... 2,834,822
3,537,959
2,837,250 2,270,125
Indian com ................ 16,756,714 20,596,519 18,409,958 17,564,925
Flour.......................... 12,556,390 12,144,161 13,397,138 12,923,983
Supplies available for consumption (exclusive o f stocks on
September 1):
1894-5.
1893-4.
1892-3.
1891-2
Wheat imported.owt.44,052.866 36,948,604 38,804,248 43,197,024
Imports of flour........ 12,556,390 12,144,161 13,397,138 12,923,983
Bales of home-grown. 14,782,975 15,714,642 17,833,915 21,450,468
Total...................... 71,392,231 64,807,407 70,035,301 77,571,475
1891-2.
1894-5.
1893-4.
1892-3.
24s. lOd.
Aver, price wheat week.20s. 41.
24s. 7d.
30s 7d.
26s. 9d.
35s. 3d.
Average price, season..19s. lOd.
26s. Id.
The following shows the quantities o f wheat, flour and
maize afloat to the United K in gdom :
Wheat................. qrs.
Flour, equal to qrs.
M a iz e .............. qrs.
This week.
Last week
3,340,000 3,268,000
279,000
289,000
204,000
229,000
E n g lis h F in a n c ia l
1894.
3,243,000
326.000
521.000
1893
3,184,000
359.000
427.000
m a r k e t s —P e r C a b l e .
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending May 3 :
London.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
Bllver, per oz.................. 30%
Consols, new, 2% p. ots. 105516
1056,«
Fr’oh rentes (in Paris)01*87%
fr.
TT S. 4s of 1907..... .......
6
Atcih. Top. & S. Fe. com.
Canadian Pacino............ 473s
Chic. Milw. & St. Paul.. 638a
Illinois Central. . . . . . . . . 94
305ie 30%
30%
30*ie 30%
1055,« 1057ie
105% 105%
1055,« 1057,6
105% 1059,6
101-85 101-95 10200 102-25 102-15
5%
47
63%
94
578
47%
63%
94
Louisville & Nashville..
Mexican Central 4s— .
N. Y. Central & Hudson
N. Y. Lake Erie & West.
2d consols....................
Norfolk & West’n, pref.
Northern Paoiflo, pref..
Pennsylvania............... .
Phil. & Read., per share
Union Paoiflo........ ........
Wabash, pref..................
567g
65%
101%
11%
66%
15%
21%
53%
8
13%
57%
65
101%
12
67
57%
65%
101%
12%
66%
17%
21%
53%
8%
13%
<
W
3
o
H
21%
53%
8%
13%
6
48%
64%
94%
5%
50%
64%
94%
57%
65%
101%
12%
67%
101%
12%
67%
22%
53%
8%
13%
22%
52%
8%
13%
57%
©urarasucial and WListzlVxuzous ULears
B onds H e l d b y N a t io n a l B a n k s ,—The following interest
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositaries on April 30.
TT. 18 . Bonds Held Apr. 30,1895, to Secure—
Oesenphon o j Bonds.
Publie Deposits
in Banks.
Bank
Circulation.
Total Held.
Currency 6s, Pae. R E ...
5 per cents, 1894...........
4 per ots., funded 1907..
4 per cents, 1895............
2 per ots., funded 1891..
$1,152,000
525.000
11,993,000
575.000
1,033,000
$12,261,000
13.029.350
147,135,ICO*
9,271,000
22.660.350
$13,413,000
12.554.350
159,128,100
9,846.000
23.693.350
Total,.........................
$15,278,000
$204,356,800
$219,634,800
THE CHRONICLE.
M a y 4, 1895.]
781
G o v e r n m e n t R e v e n u e a n d E x p e n d it u r e s . —Through the banks going into voluntary liquidation, and (3) by banks
courtesy of the Secretary of the Treasury, we are enabled to reducing or retiring their circulation, was as follows on the
place before our readers to-day the details o f Government first of each of the last five months:
receipts and disbursements for the month of April. From Deposits by— Jan. 1.
Feb. 1.
March 1, April 1.
May 1.
previous returns we obtain the figures for previous months,
$
$
$
$
$
and in that manner complete the statement for the ten Insolv'nt hks. 1,211,543 1,149,263 1,085,143 1,022,020
1,021,523
Liqutd’g bks 5,259,959 5,188,830 5,138,093 5,182,063 5,172,358
months of the fiscal years 1894-95 and 1893-94.
Red’c’g under
r e c e ip t s
act of 1874* 23,374,685 23,193,602 22,244,094 21,398,673 20,900,718
(0 00 s o m itte d ).
1894-95,
1893-04.
Out- Inter’/ N.Bk.
lled’p. Mise' l lotal.
toms. Rev’ue Fund. (Trees
N.Ek.
Owe- Inter’ 1 Red’p. Misc’l Total.
toms. Rev’ue Fund. (Trees
«
1
I
$
%
8.427 25,200
J u ly....
888 1,182 35,897
633 1,051 41,051
A u g .... 11,805 27,562
874 24,217
S ept.... 15,565 6,182 1,506
684 20,968
O c t . . . . 11,962 6,493 1,829
N o v .... 10,261 7,774 2,481 1,376 21,892
D e c .... 11,644 8,950 1,241 2,393 24,233
Jan...... 17,606 9,117 1,100 1,875 29,698
693 23,101
213
F e b ... . 13,335 8,860
514
686 25,9851
March.. 14,930 9,835
766 1,146 25,014
A p ril... 12,453 10,649
t
14,684
12,145
12,570
11,000
10,219
9,213
12.437
10,389
11,359
10,177
$
14,689
10,563
11,469
12,736
12,054
12.448
9,015
11,050
12,808
11,364
*
120
166
707
1,065
1,039
•3,032
2,744
2,492
1 /8 5
2,278
$
1,533
1,183
544
817
1,707
2,141
2,810
828
676
1,152
t
31,026
24,057
25,290
25,618
25,019
26,834
27,036
24,759
25,9 ?8
24,971
10 mos. 127,988 120,642 11,261 11,986 271,656 114,193 118.196 14,728 13,421 260,538
d is b u r s e m e n t s
I m po rt s a n d E x p o r t s f o r t h e w e e k .— The following are
the imports at New York for the week ending for dry goods
April 25 and for the week ending for general merchandise
April 26 ; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT N EW Y O R K .
For Week.
)
Dry Goods.......
Gen’l mer’.dise.
1893.
1892.
$1,847,803
11,653,874
1894.
$1,855,510
8,379,888
1895.
$1,676,801
8,921,942
$2,583,762
7,065,679
Total.......... $13,501,677 $10,235,393 $10,598,743
$9,649,441
Since Jan. 1.
Dry Goods...... $45,784,350 $55,484,263 $31,348,721 $55,815,718
Gen’l mer’dise. 146,430,474 172,358,801 116,463,011 119,289,322
1894-95.
1893-94.
Total 17 weeks $192,214,824 $227,843,064 $148,211,732 $175,105,010
N.Bk.
Ordi- Pen- In- Red’p. Total.
nary. sions. terest. Fund.
N.Bk*
Ordi- Pen- In - Red’p.
lotal.
nary. sions. terest Fund.
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive o f
specie) from the p>rt of New York to foreign ports for the
week ending April 30 and from January 1 to date :
%
J u ly....
A u g ...,
S ept....
O c t . . ..
N o v ....
D e c!....
Jan......
F e b ... .
March..
A p ril...
(OOOs omitted.)
Total. . . . 29,846,187 29,531,695 28,467,332 27,602,761 27,094,599
* Act of June 20, 1874, and July 12,1882.
16,732
10,410
17,411
16,466
15,519
14,695
17,381
11,795
13,848
15,484
$
12,002
11,335
12,590
11,053
12,032
12,330
10,054
12,380
11,623
11,986
»
7,014
912
322
5,191
926
110
7,088
1,521
260
5,520
$
042
716
770
726
1,157
1,113
1,414
1,359
1,276
1,090
$
37,590
32,373
31,093
83.439
29,634
28,248
35,937
27,055
27,007
34,080
i
17,791
21,642
14,493
16,667
16,063
16,022
15,157
14,938
18,179
16,345
$
14,758
11,266
10,787
10,340
12,330
13,773
8,996
11,528
13,375
10,152
$
7,127
397
108
2,582
2,900
231
7,157
260
218
5,576
$
418
291
220
496
1,382
969
1,178
1,097
1,105
1,216
»
40,094
33,596
25,698
30,035
32,684
30,995
32,488
27,823
32,877
33.2S0
10 mos. 158.741 11«,285 38,867 10,563 31«, 45« 167,297 117.805 26.655 8.372 319.629
EXPORTS FROM N EW T O R S FO R TH E W E E K .
For the week..
Prev. reported.
1892.
1893.
1894.
1895.
$6,878,312
129,325,263
$4,591,213
105,658,274
$6,112,041
117,268,605
$6,742,755
109,644,476
Total 17 weeks. $136,203,575 $110,249,487 $123,380,646 $116,387,231
The following table shows the exports and imports of specie
. Coinage by U nited States Mints.—The following state at the port of New York for the week ending April 27 and
ment, kindly furnished us by the Director of the Mint, shows since January 1, 1895, and for the corresponding periods in
the coinage at the Mints of the United States during the month 1894 and 1893 :
o f April and the four months of 1895.
EXPORTS AND IMPORTS OF SPECIE AT N EW T O R K .
Denomination.
April.
Pieces.
Fo ir Months.
Value.
$
2,318,500
2,150,800
170,000
Pieces,
Qold.
Value
$
593,244 11,864,880
308,845 3,088,450
478,817 2,394,085
Double eagles..........
Eagles.......................
Half e a gies.............
Three d o lla r s ........
Quarter eagles........
D ollars.... . . . . . . . . . .
115,925
215,080
34,000
Total g o ld ..............
365,005
4,639,300
Silver Dollars....... .
Half dollars.............
Quarter dollars.......
Dimes.......................
200,000
366.000
568.000
700.000
200,000
183/ 00
142,000
70,000
700.290
1.612.290
2.560.290
870.290
Total silver............
1,834,000
595,000
5,743,160 2,233,537
Five cents................
One oent....................
1,726,507
4,344,714
4,172,854
86,325
43,447 11,132,606
203,643
111,826
Total m in or..........
6,071,221
129,772 15,355,460
320,469
35
87
1,380,941 17,347,502
700,290
806,145
640,073
87,029
8,270,226
Total coinage.........
5,364,072 22,479.561 19,901,508
N o t e .—-In addition to the above there was ooined $39,000 in twentycent piecesj(silver) for Ecuador.
C h a n g es in L e g a l T e n d e r s a n d N a t io n a l B a n k N o tes to
M a y 1. — The Comptroller of the Currency has furnished
Great Britain............1
France........................ 1
Germanv____ ______|
West Indies...............1
M flxlßo...................... '
South America..........
Allother countries..
Total 1895..........
Total 1854..........
Total 1893 ........
Silver.
Exports.
Week.
|
Since J a n .l.
$8,087,500
11,916,400
5,772,036
6,045,988
Imports.
Week.
Since Jan. 1
725,504
256,000
$10,438,308
$931,323
3,077,064
1,314,852
111,657
15,812
1,580
138,829
49,311
$976,345 $32,803,428
1,513,905 17,596,839
3,990,550 51,002,152
Exports.
$932,903 $15,145,833
315,489
4,936,403
19,712
5,002,497
Imports,
.............
............
$915,453
____ _
30,892
Week.
Since J an.l.
Week.
Great Britain............
France..................... .
Germany....................
West Indies...............
Mexico........................
South America..........
Allother countries..
$954,275 $9,574,688
10,1.25
79,600
399
401,024
11,374
$6,500
12,780
12,170
Total 1895..........
Total 1894..........
Total 1893..........
$958,040 $10,077,210
965,413 12,679,881
474,350
9,147,618
$31,450
14,018
21,007
1,206
399
2,160
Since Jan. 1.
$40,730
2,176
3,809
72,227
193,634
123,087
11,801
$447,464
505,155
1,714,197
Of the above imports for the week in 1895 $1,540 were
us the following, showing the amount^ o f national bank American gold coin. Of the exports during the same time
notes April 1, together with the amounts outstanding $27,500 were American gold coin.
May 1, and the increase or decrease during the month»
—The Reorganization Committee of the Fidelity Loan & Trust
also the changes in legal tenders held for the redemption of
Co., o f Sioux City, Iowa, Octo T. Bannard, chairman, an
bank notes up to May 1.
nounces that a new company has been organized under the
National Bank, Notts—
general laws of Iowa, to be known as Fidelity Securities (Jo.
Amount outstanding April 1, 1895
$207,450,144 About 80 per cent of the stock of the old company has been
Amount issued during a prli...........
$3,427,300
Amount retired during April...........
1,243,521
2,178,779 deposited with the Continental Trust Co. and paid its assess
ment. Stockholders not paying the assessment will have no
Amount outstanding May 1,1895*
$209,628,923 stock in the new company. May 15 will be the last day to
deposit
the old stock or subscribe to stock of the new com
Legal Tender Notes—
pany. After that date th9 old stockholders will not be ad
Amount on deposit to redeem national bank
notes April 1,1895................... ................. .
$27,602,761 mitted on any terms.
Amount deposited during April.....................
$740,360
Am t reissued and bank notes retired in Apr.
1,248,521
508,162 —Mr. George Barclay Moffat, late of the firm of Spencer Trask
& Co., and Mr. Alexander M. White. Jr., member of the New
Amount on deposit to redeem national
York Stock Exchange, have formed a copartnership under
bank notes May 1,1 39 5 .................... ..
$27,094,599 the firm name of Moffat & White, and have opened offices at
♦Circulation of National Gold Banks, not ncluded in above, $90,927. No. 30 Pine Street. They will deal in investment securities
According to the above the amount of legal tenders on and do a general banking business. Their card will be found
in our Banking and Financial Department.
deposit May 1 with the Treasurer of the United States to
—Messrs. Price, McCormick & Co. have removed their
redeem national bank notes was $27,094,599. The portion of offices from the Cotton Exchange Building to No, 72 Broad this deposit made (1) by banks becoming insolvent, (2) by way.
782
THE CHRONICLE.
Breadstuff's F igu res
B rought
F rom
P age
8 0 •—The
statements below are prepared by us from the figures of the
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present tt e
comparative movement for the week ending April 27, 18i 5
and since August 1, for each of the last three vears:
Receipts at—
Hour.
Rye.
Wheat.
Oom.
Oats.
Barley.
Bbls.imbs Bush.60 lbs Bush.SQ lbs Bush.SZ lbs BushA8 Ibi Bu.56 lb?.
Chicago ....
Milwaukee...
Duluth......
Minneapolis.
T oledo........
D etroit.......
Cleveland...
Bt. L ouis....
Peoria.........
Kansas City.
T ot.w k ,'95.
Same wk,’94.
Same wk,’93.
Dines Any. I.
1894-95,.,.
1893-94....
_ 1892-93....
84,647
30,150
49,551
102,883
164,450
410,539
731,650
45,200
10,458
41,219
44,490
12,000
425
490
1,375
10,200
21,960
4,825
203,198
302,762
102,167
1,329^00
116,000
14,621
138,150
75,200
1,093
30,700
15,600
13,910
47,300
17,132
11,745
88,515
258.700
11,100
26,109
20,660
201,800
335,500
1,800
3,889
1,808
3,750
21,000
700
1,176,013
2,047,441
1,523,332
2,055,250
2,439,955
1,853,383
246,690
135,090
267,192
690,611
48,100
1,569,314
1,180.367
2,717,387
2,836
49,836
40,008
61,264
The receipts of flour and grain at the seaboard ports for the
week ended April 27, 1895, follow :
New York.................
Boston......................
Montreal..................
Philadelphia...........
Baltimore.................
Richmond................
New O rlea n s..........
Flour,
bbls.
Wheat,
bush.
80,178
42,134
17,909
49,070
03,971
450
24,480
Total week........ 278,108
W eek 1894 .............. 350,528
Oom,
bush.
Oats,
bush.
Barley
bush.
Bye,
bush
52,050
41,132
4,700
12,242
7,344
1,098
12,000
60,450
21,930
3,400
40,427
113,002
6,184
111,358
203,700
6,950
............
112,009
1,920
7,700
92,007
14,400
...........
44,490
............
905
...............................
60
38,805
..............................
131,160
897,071
350,751
850,089
498,711
504,101
22,270
41.829
955
3,600
t^Tiie total receipts at ports named in last table from Jan. 1
to April 27 compare as follows for four years:
Receipts of—
F lour................... bbls.
1895.
5,033,774
W h e a t...............bush. 5,704,140
C o m ............................. 8,778,290
O a ts ............................. 9,930,992
B arley.......................... 1,316,904
R ye...............................
128,955
Total grain........... 25,909,293
—A list of investment bonds is advertised in to-day’s
C h r o n ic l e by Messrs. Redmond, Kerr & Co., New York and
Philadelphia. Their circulars giving details and prices can be
had on application at either office.
—Messrs. Simon Borg & Co. have this week taken possession
of their new offices on the second floor at 20 Nassau Street.
The new quarters are more commodious than the old and very
handsomely fitted up.
City R ailroad Securities—Brokers’ Quotations.
A sk.
Bid.
9,138,827 127,224,831 60,600,268 69,786,795 30,035,314 2,181,602
9,940,893 133,110,049 125,262,535 93,662,455 27,503,935 3,017,335
9,882,585 209,710,893 94,837,431 86,139,216 27,943,119 6,592,955
Receipts at—
[ V o l . LXfl
1894.
8,148,741
1893.
5,573,191
1892.
5,968,418
5,478,393
24,095,551
10,875,412
1,680,954
88,290
10,714,705
14,187,308
11,682,389
2,349,604
232,263
27,001,095
60,688,238
15,538 837
2,472,856
1,859,391
42,016,599
39,166,269
97,620,415
Atlan. A ve., B ’k lyn —
Con. 5s, g., 1931.. A& O
Gen. M. Bs, 1 90 9 ..A& O
Im pt. 5s, g „ 1934..J& J
Bleek. St. & F u l.F .—Stk.
lstm o rt., 7s, 1900.J& J
B’ way & 7th A v e .—Stock.
l s t m ort., 5s, 1904. J& D
2d m ort., 5s, 1 91 4 .J& J
B ’w ay lst,5 s,gu a r.l9 2 4
2d 5s,int, as rent’1.1905
Consol. 5s, 1 9 4 3 ...J & D
B rooklyn City—N ew stk.
Consol. 5s, 1941...J & J
B klyn.Cro’s st’nSs. 1908
B kl’n.Q’nsC o.& S u b.lst
B klyn.C.& N ’w t’wn—Stk
5s, 1 9 3 9 .......................
B rooklyn T raction...........
P referred ........................
Central Crosstown—Stk.
l s t M.. 6s, 1922...M & N
Cen.Pk. N .& E .R lv .—Stk.
Consol. 7s, 190 2 ...J & D
Bid.
Ohrist’p’r& lO th St.—Stk.
ls t m o r t ., 1898 ...A & O
D. D. E. B. & B at’y —Stk.
1st, gold, 5s, 1932.J& D
S c r ip ................................
Eighth A vonu e—S to c k ...
Scrip, 6s, 1914...............
42d & Gr. St. F er.—Stock
42d St.& M a n .& S tN .A v .
1st m ort. 6s, 1910.M&S
2d m ort, incom e 6s. J & J
L ong Island T ra ction ___
M etropolitan T ra ction .. .
Ninth A venu e—S to c k ...
Second A venue—S to ck ..
lstm ort.,5s,1909.M & N
D ebenture 5s, 1909. J& J
150
105
159
«114%
§103
305
103
307
5
«113%
56
11
89%
149
145
107%
103
210
T hird A venue—S t o c k ... 166
ls t m o r t ., 5s, 1937.J& J 119
Twenty-T hird St.—St’ k. 300
Deb. 5s, 1903................. 100
U nion R y—S t o c k ............ 100
1st 5s, 1 9 4 2 .................
105
W estohest’r, lst,gu.,5s.i 100
110
108%
98
32
29
«110% 112
192 197
§106 Va 108%
§108% 110
§109% .......
§104% 106
111 111%
165 167%
112
105
§101 103
200
§108% 109%
11% 13%
52
185 205
§118
160 164
§114
108
107
A sk.
165
108
161%
115%
104%
315
61
115
69
11%
90%
Í5 Í
109
104%
168
1Ò5
106
106
102
§ A n d aoorued Interest.
Gas Securities—Brokers’ Quotations.
G A S C O M P A N IE S .
B rooklyn G as-L ight.........
Central.................................
Consumers’ (Jersev C itv).
B onds................................
Citizens’ (B ro o k ly n ).........
Jersey C ity & H ob ok en ..
Metropolitan—B on d s........
M utual (N . Y ......................
N assau (B ro o k ly n )...........
S crip................ 1...............
N . Y . & E ast R iv . l s t 5s..
P referred ..... ................
Common.......................
B id, A sk.
125
135
72
98
180
108
157
200
100
84%
45
26
G A S C O M P A N IE S .
Bid.
Ì5Ó
77
101
65
200
People’s (B rooklyn ), ___
P eoples’ (Jersey C it y ) ....
M etropolitan (B ro o k ly n ).
W illiam sburg.....................
l s t 6s..................................
F ulton M u nicipal..............
85
48
28
Standard p re f....... ......... .
Comm on......................... .
W estern G a s ..............
Bonds, 5s..........................
E qu itable....... ....................
A sk .
85
170
175
205
106 108
175
105
185
106
97 100
46% 48
52
56
85
The exports from the several seaboard ports for the week
Auction Sales.—Among other securities the following, not
ending April 27, 1895, are shown in the annexed statement^
regularly dealt in at the Board, were recently sold at auction I
Wheat.
Com.
Flour.
Oats.
Rye.
Peas.
By Messrs. R. V. Harnett & Co. :
bush.
Exports from—
bush.
bbls.
bush.
bush.
bush.
New Y ork.............
B oston...................
71,366
76,699
40,441
92,254
18,704
106,188
51,228
572
20,487
73,874
1,288
639,370
53,787
Total w eek........ „ 710,511
938,834
Same tim e 1894... ..1,260.260 1,475,573
307.424
302,262
Philadelphia........
Baltimore..............
New Orleans........
Newport News___
5,816
16,000
11,390
1,000
7,993
37,457
324
12,714
7,916
45,450
14,269
The destination of these exports for the week and since
Sept. 1,1894, is as below. W e add the totals for the corres*
ponding periods of last year for comparison:
Exports for
Week Since Sept.
Week Since Sept. Week Since Sept.
week and since Apr. 27. 1,1894. Apr. 27.
t, 1894.
Apr. 27. Ï, 1894.
Sept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
Cnited Kingdom 225,617
Continent...........
23,487
S. & C. Am erica..
16,275
W est Indies........ 32,024
Brit. N. A . Col’s.
7,t88
Other countries..
2,133
5,885,307
1853,617
886,576
817,905
273.916
24,588
'T o ta l................. 307,424
T otal 1894............ 302,262
8.741.969
710,511 32,857,152
938,834 15,692,092
8,926,320 1,260,266 34,052,376 1,475,573 42,221,919
370,205 22.126.121
346,306 10,604,142
13,566
6,964
2.870
103,489
314,043 10,278,203
596,805 4,829,554
6,712
142,818
15,530
355,216
5,000
58,501
1,144
27,735
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, April 27, 1895, was as follows:
In store at—
Wheat,
bush.
New Y ork .................... 3,819,000
Do
afloat........ . 291,000
A lb a n y .......................
B uffalo....................... 1,717,000
Do
afloat.......
C h ica g o ..................... .22,524,000
Do
a floa t....... .
58.000
M ilwaukee................ . 606,000
Do
afloa t.......
D u lu th ....................... .12,861,000
Do
a floa t....... .
85.000
T oled o........................ . 1,305,000
D e tro it....................... . 806,000
,
30,000
St. Louis................... ., 2,276,000
Do
afloat........
8,000
Cincinnati...................,
. 213,000
,
26,000
Montreal..................... , 361,000
59,000
Philadelphia.............. ,
157.000
Peoria.........................
84,000
Indianapolis............. ..
Kansas City................, 316,000
135.000
Baltimore...................
Minneapolis................ 14,711,000
Com,
bush.
Oats
bush.
118,000
674.000
125.000
201.000
isò’ óoo
4,000
120.000
1,420,000
2,000
4,344,000
490.000
161.000
46,000
1,206,000
14,000
82,600
7.000
30.000
49.000
144.000
217.000
237.000
6.000
Barley
bush.
10,000
iso,boo
64,000
3,000
7.ÒÓÓ
39,000
8,000
625,000
30,000
38.000
33.000
2.ÒÒÒ
116,000
111,000
18,000
178.000
137.000
167.000
63,000
221.000
132.000
316.000
2,000
3,628,000
12,000
1,389,000
60,000
Total Apr. 27,1895.65,775,000
; Total A pr. 20,1895.68,620,000
C T ota l Apr. 28.1894.60,584,000
• »Total Apr. 29.1898.75,027.000
? ..Total Apr. 30,1892,37,944,000
11.107.000
11.529.000
13.115.000
11,540,000
6,057,000
6.199.000
6.242.000
2,498,000
4.061.000
3,624,000
6,000
5,000
gatxMtXfl atxd f f fornaciai.
Ge o r g e B a r c l a y M o f f a t .
6,000
A l e x a n d e r M. W h it e , J e »
M o f f a t
& W
h i t e
PINE
STREET,
IN V E S T M E N T
-
-
25,000
450,000
511,OCM)
237,000
073,000
536,000
N EW
YORK»
S E C U R IT IE S .
Spencer Trask & C o . ,
BANKERS,
2 7 & 2 9 P IN E S T R E E T ,
65 Stale Street, Albany.
32,000
,
bankers,
30
1,000
18,000
151.000
167.000
384.000
749,000
815,000
Shares.
Bonds.
1 N. Y. Law Institute....$130
$10,000 Terminal Warehouse
15 Mioh.-Penin. Car Co.
Co. 8s, deb. bonds, 1904,
com ..................................... 20% - Q.-J...... .................... 94
80 N. Y. & Pennsyl. Teleph.
$15,000 Town of Gravesend
& Teleg. Co....................... 65
5 p. o. 40 year Local Imp.
26 Knickerbocker Tr. C o... 162
issue of 1893, J. & J .......110
10 Leather M’f ’rs’ Nat. B’k.170% $5,000 Town of Gravesend 5
5 Herring-Hall-Marvin Co.
p. o. 40-year Looal Imp’t,
oom.................................... 16%
issue of 1894. J. & J....... 80
25 Continental Nat’l Bank 132
$25,000 Santa Fe Prescott &
21 Mambourgh Glass Co. of
Phoenix R’y 1st 5 s, 1942.
Fostoria..................................$5lot. M. & 8,, Sept., 1894,
449 Fostoria Light & Power
coup, on............................. 75
Co........................................ $130 lot.
$3,000 Lockport Gas & Elec.
1,100 Walnut Land & Coal
L. Co. 1st 6s, 1914. F.& A. 97%
Co......................................$6,300 lot.
50 American Fire Ins. C o...115%
59,000
26,000
Shares.
15 Forum Publishing C o .... 90
60 Clinton Bank.................. 92
14,900 The Extension Min
ing Co. of Cal., $1 each..$149
Bonds.
$7,500 Col. Nav. & Com. Co..$25
$14,000 Bonds of Anderson
Pressed Brick Co............. $25
$500 Bond of Arion Society. 85-
By Messrs, Adrian H. Muller Sc Son:
8,000
44,000
” 6,000
22,000
1,000
177,000
7,000
On Mississippi River.
On Lakes.................... 3,273,000
47,000
On canal and riv e r...
Rye,
bush.
Shares
180 Murray Hill Bank.___280-305
10 Montauk Steamboat Co. 55
30 Sebastian M’f ’g Co......... 107
5 Amer. Brewers’ Journal 60
124 Anderson Pressed Brick
C o . . . . . . . . . . . . __. . . . . . . . . $10
796 Columbia Navig. & Com
mercial C o ......................$10
I NVESTMENT
S am uel
N E W YORK»
SECURI TI ES.
D . D a v is
BANKERS,
& G o ..
N O J 4 0 IW A L L S T ., N E W ] Y O R K .
S am uel D. D a v is ,
C h a s . B. V a n N o s t r a n d ,
THE CHRONICLE
May 4, 1895.]
^ h e
par, selling %@1-10 premium ; Charleston, buying par,
selling % premium; New Orleans, bank, $150 premium,
commercial 50c. discount; Chicago, par; St. Louis, 60@75o.
per $1,000 premium.
ja n k e r s ' (S a e tte .
D IV ID E N D S .
United States Bonds.—Sales of (Government bonds at the
Board include $45,000 5s, couoon, at 116% to 116%; $40,000 4s
coupon, 1925. at 120% to 121%: $4,000 4*, registered, 1915, at
8 May 4 to May 7 120%; $185,000 4s, registered. 1907, at 111% to 112, and $44,1 ---------- t o ------------- 500 4s, coupon, at 112% to 112%. Following are the closing
1 ----------t o ------------- prices.
1
When
Payable.
Books closed.
(Days inclusive.)
Name o f Company.
Per
Cent.
R a ilr o a d s .
Belleville & Southern Ills.,’ pref.
Chie. & Alt., com. & pref. (quar.)
K. C. 8t. L. & Ch., pf , gu. (quar.)
Manchester & Lawrence.......... .
3%
2
1%
5
May
June
May
May
2%
1%
May
May
1
__ to _
31
1 ---------- t o ------------15 May 1 t o ----------
3
May
10 May
Pitts. Virginia & Charleston.......
Rome Wat. & Ogd., guar, (quar.)
B anks.
Bank of the State of New York..
M is c e lla n e o u s .
Columbus (O.) Gas........................
Erie Teleg. & Teleph. (quar.) —
Grand Rapids (Mioh.) Gas Light.
Municipal Gas, Albany (quar.)...
No. Shore Traction, Boston, pref.
St. Paul (Minn.) Gas Light (quar)
Washington (D. C.) Gas (quar.) .
783
Interest April \April April
Periods 27.
29.
30.
May
1.
May
May
3.
2 s ,............. . .reg. a.-Moh. 96ia'* 96ia * -96 ' 96% * 96% * 96%
4s, 1 907.. ........ reg. 3 .- J a n . * ill% !* il l% ! 111% 111% * llt % 112
4s, 1907.......... coup. i ÿ - J a n . *112% *112% *11214 - 112 % 112% *112%
2% May 20 May 11 to May 21 4s, 1 9 2 5 . . . . . . . .reg. Q.-Feb. *120% *121%!*120% 120% *120% *120%
— ""■- to
■ 4s, 1925..........coup. Q.- Feb. *12lie 121% *121% -x20% 120% *120%
1
May 20 —
May 20 May 10 to May 21 5s, 1 9 0 4 .......... reg. Q.-Feb. 115 1*115 -115
2
115 *115 *115
1 Apr. 26 to May 1 5s, 1904.......... coup. Q.- Feb, 116% 116% 116% *x 115 115% *115
May
2
12
May 18 May 12 to May 19 6s, our’cy,’ 95.. .reg. f. & J 100
100 *100 100 *100 *100
1% May 11 May 5 to May 14 6s, our’cy,’ 96...reg. r. & j *102%!’ 102% - 102 % 102 % *102% *102%
1 Apr. 16 to Apr. 30 6s, aur’e y .W . .reg. r. & j *105% ’ 105% *105%l*105% *105 % *105%
2% May
6s, cur’cy,’ 98...reg. r. & j *103% ’ 108% *108% *108% *108% *108%
6s, eur’cy,’ 99.. .reg. t. & Ù *111 - 111
111 |*lll *111 *111
W A L L S T R E E T , F R I D A Y , M A Y 3 , 1 8 9 3 —3 P . M .
4s, (Cher.)1896.reg. March. *101%’ 100%]*100%, 100 % *100% *100%
The Money Market and Financial Situation.—Progress 4s, (Cher.) 1897.reg. March. *100%’ 100% *100%| 100% *100 % *100%
4s, (Cher.) 1898.reg. March ‘ 100% ’ 100% *100% 100% *100% * 100 %
towards more satisfactory conditions in financial and com 4s,
(Cher.) 1899.reg. March *100%i’,ioo%l*ioo%;*ioo% *100% *100%
mercial circles has continued through the week.
* This is the price bid at the morning board, no sale was made.
1 to May 10
A t the Stock Exchange there is a steady flow of capital
into investment securities, and large sales of railroad bonds
are reported to have been negotiated abroad. The foreign
exchange market reflects the movement o f foreign capital in
the liberal supply of security bills and downward tendency
o f rates.
The firmness o f the wheat market at near the top
o f the recent advance, the continued favorable crop reports
.and the further advance in leather are among the encourag
ing features of the week.
Reports of railroad earnings are in some cases better than
had been expected, and the condition o f several industrial
enterprises are materially improved. The anthracite coal
sales agents at their meeting to-day ratified the agreement of
yesterday limiting the output, and also fixed prices for the
current month.
The money market is easy, with an abundant supply of
funds, and rates have further declined.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 2 per
cent. To-day rates on call were 1 to 1% per cent. Prime com
mercial paper is quoted at 2% to 4 per cent.
The Bank of England weekly statement on Thursday
«bowed a decrease in bullion of £456,011,and the percentage
o f reserve to liabilities was 65'96, against 67‘55 last week; the
discount rate remains unchanged at 2 per cent. The Bank o f
France shows a decrease of 8,425,000 francs in gold and
an increase of 2,675,000 francs in silver.
The New York City Clearing-House banks in their statement
of April 27 showed an increase in the reserve held of $7,209,500 and a surplus over the required reserve of $25,270,675,
against $19,664,975 the previous week.
1895.
April 27.
Differen’sfrom
1894.
Prev. week.
April 27.
1893.
April 29.
$
59,922,700
70,690,600
460,902,300
10,159,800
573,853,800
99,467,300
127,414,100
226,831,400
143,463,450
$
60,422,700
70,183,300
425,990,800
5,626,700
432,224,600
70,702,400
19,509,900
120,212,300
108,056,150
Surplus reserve 25,270,6751Inc .5,605,700 83,417,950
12,158,150
Capital................
Surplus............
Loans & disc’nts.
Circulation........
Net deposits.......
Specie..................
Legal tenders....
Reserve held......
Legal reserve__
$
62,622,700
71.046.800
480,504,600
13.199.800
516,600,500
68.203.900
86.216.900
154,420,800
129,150,125
9
Dec. 216,800
Deo.
17,200
Inc. 6,415,200
In c.1,566,100
Inc .5,643,400
Inc. 7,219,500
Inc .1,603,800
F oreign Exchange.—The foreign exchange market has
been dull and the liberal offerings of security bills has weak
ened the tone and the tendency is to lower quotations.
To-day actual rates of exchange were as follows : Bankers,
sixty days sterling, 4 83@4 88%; demand, 4 89@4 89%; cables,
489% @4 89%.
Posted rates of leading bankers are as follows :
May 3.
Sixty Bays.
Demand.
Prime bankers’ sterling bills on London..¡4 88%@4 89 4 90 @4 90%
Prime com m ercial................................... 4 8 7 % @ 4 8 7 %
Documentary commercial......................... 4 87 @ 4 8 7 % '
..............
Paris bankers’ (francs)............................. 5 1678@5 16316‘5 14l5i6@5 15
Amsterdam (guilders) bankers................ 4 0 % @ 405|g I 4 0 % a 407,8
Frankfort or Bremen(reichmarks) b’kers’ 95>i6@95% I 95%@95U16
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
United States Sub-Treasury.—The following table show«
receipts and payments at the Sub-Treasurv.
Date.
Receipts.
Payments.
$
1,319,061
2,215,547
4,496,163
4,348,337
2,343,121
2,216,316
$
2,935,863
2,570,758
3,200,214
3,317,130
3,159,547
2,300,493
Total 17,438,545
17,983,995
Apr. 27
29
“ 30
May 1
“
2
“
3
Ooin.
83,278.581
83,106,248
83,125,033
83,126,215
8 t, 120,996
83.036,277
Balances.
Ooin Cert’s. Currency.
$
1,028.576
1,096,938;
1,105,839,
702.9511
787,075!
815,568
55,597,197
55,345,908
56,614,231
58,047,143
57,151 913
56,573,862
Coins.—Following are current quotations in gold for coins
87 ®$4 92
Sovereigns........$ 4
Fine silver bars... — 66 %@ — 67%
Napoleons.... 3 8 3
@ 3 95
Five francs...........— 90 @ — 95
X X Reichmarks. 4 78 @ 4 85
Mexican dollars.. — 52%@ — 53%
25 Pesetas....... 4
80 @ 4 88
Do unoom’oial.. — — @ ------Span. Doubloons. 15 50 @15 75
Peruvian sols.......— 52 @ — 53
Mex. Doubloons. 15 50 @15 75
English silver . . . 4 85 @ 4 92
Fine gold bars—
par @ % prem. U. 8. trade dollars — 55 @ — 65
State and R ailroad Bonds. —Sales of State bonds at the
Board during the week include $5,000 No. Carolina 6s, 1919,
at 125%; $12,000 Tenn. settlement 3s at 84% to 85; $8,000
Louisiana con. 4s at 94%; $1,000 Alabama Class C at 96 and
$25,000 Virginia fund, debt 2-3s o f 1991 at 59% to 59%.
In the railroad bond market conditions remain unchanged.
Activity and strength are the characteristics, and in some
cases the advance in prices is notable.
Northern Pacific issues have been the feature of the week,
and their movement is not generally understood. The ad
vance in prices of these bonds has been irregular, varying
from about 1 point to over 8 points, but generally about 3
points on large sales. Other active issues include Ches. Sc
Ohio, Chic. & N. P., Col. H. V. & Tol., L. N. A. & Chic., Mo.
Kan. & Tex., Ore. R. & N., Ore. Short Line, Reading, South
ern Ry., Tex. & Pac., Union Pac., U. S. Cordage and Wabash
bonds, a large proportion o f which are from % to 2 points
higher than last week.
Railroad and Miscellaneous Stocks.—The stock market
has been less buoyant this week than during the two weeks
preceding, but with a strong undertone, and efforts to bring
about a general reaction have been unsuccessful.
The railroad list has been relatively less prominent than of
late, and while a few stocks are fractionally lower than they
were last week, a large portion o f the active list is higher.
The grangers have been generally steady and strong and ex
cept North West, and Rock Island are fractionally higher.
The coal stocks still reflect the unsettled condition o f the coal
industry, but as a group also close higher than last week.
Reading has been the most active of the railroad list and has
gained a point, closing at 17%. Southern Railway shares are
strong and higher, while Manhattan Elevated and N. Y . Cen
tral close lower than at our last quotations.
Speculation has been most interested in the industrials, and
some of them have materially advanced. Am. Sugar sold a
fraction above 114 to-day, the highest point reached this
year, and closes at 112%. Chicago Gas has gained about
1 point on rumors of prospective favorable legislation. Dis
tilling, with all instalments paid, sold up to 19% on Mon
day. General Electric’s annual report was given as a reason
for an advance of the stock from 32% on Monday to 34 on
Tnursday, and it closes at 33%. Pullman P. C., which closed
at 168 last week, sold at 177 on Thursday and closes to-day at
176 on rumors of better conditions and prospects. Efforts to
improve the condition of the cordage business have brought
the stock into more prominence and given it some strength.
Am, Tobacco was active early in the week, selling at 105% on
Monday. A better demand for the product has strengthened
Nat. Lead. U. S. Leather has been unusually active and
scored the largest gains of the week. The common, which
sold in February at 7, sold to-day at 24% and the pfd. has
advanced from 58 at the same date to 93 to-day.
784
THE CHRONICLE.
[V o l. LX .
NEW YORK STOCK EXCHANGE—ACTIVE STOCKS for week ending M AT 3 , and since JAN. 1, 18 0 5 .
HIGHEST AND LOWEST PRICES.
Baturday,
April 27.
Monday,
April 29.
Tuesday, Wednesday, Thursday,
April 30.
May 1.
May 2.
Friday,
May 3.
STOCKS.
Sales of
the
Week,
Shares.
Range for year 1895.
Lowest.
Highest.
„„
A c t iv e R R , S t o c k « .
5% 5%
3% Jan. 30
5% 5%
5% 5%
5% 5% Atchison Topeka <feSanta Fe. 11,039
7% Apr. 1
5% 5%
5% 5%
205
% Feb. 27
1
1
1% Apr. 4
1
1
1
1
*78 1% Atlantic <fePacific....................
*1
1%
*78
1%
2,201 49 Mar. 8 65% Jan. 18
56% 57 % Baltimore <fe O hio....................
*56
57
56% 56% 55% 56% 55% 55% 567e 57
1,060
8
33
Mar.
59
Jan. 2
47%
47%
46
*46
46% 47
48%
48%
Canadian
Pacific....................
*45% 46% 46
47
4,705 48 Jan. 30 53% May 2
52% 53% 52% 53% Canada Southern___. . . . . . . . .
53
53*6 52% 52% 52
52% *52
25,736
81%
Feb.
18
98%
Mar.
25
95%
96%
94
95
94%
'*95%
96% 97% Central of New J e r s e y ........
94% 95% 9478 95%
542 12% Feb. 6 18 Mar. 18
*17% 18
*17% 18 Central Pacific........................
*17% 18
*17% 18
*17% 18
177s 18
29
6,337
Jan.
19%
Apr.
24
16
18%
19
1878 19 Chesapeake <&O hio................
18% 19*8 19% 19% 18% 19
18% 18%
17 147 Jan. 9 150 Apr. 26
150 151 Chicago & A lto n .....................
T49 151
'149 151
149 151 '149 151
*149 151
4
75%
May
2
Mar.
35,957
69
74%
75%
74% 75% Chicago Burlington <feQuincy
7424 74% 73% 74% 73% 74% 73% 74%
50 Jan. 12 50 Jan. 12
.....................Chicago & Eastern m in ois...
350
98
Apr.
23
Jan.
31
90
Do
pref.
----- .......
97
97% 96
96
63% May 3
62J« 62% 61% 62% 62 62% 6178 627e 62% 63% 62% 63% Chicago Milwaukee <feSt. Paul 71,177 53% Mar.
890 114% Mar. 29 119 Jan. 17
118% 118%
Do
pref.
118 118
118 118% 118 118
118% 118% 117%118
99 Apr. 24
97% 97% 96% 97% 96% 97% 95% 96% 96% 97% 96% 97% Chicago & Northwestern___ 51,639 87% Mar.
25 137 Feb. 14 145 Jan. 25
143 143
Do
pref.
"140% 143 *141 143 *140 ........ *140 ........ *140 ..
67% Apr. 23
66% 66% 6678 67% 66 % 67% Chicago Rook Island & Pacific 14,737 60% Jan.
66% 66% 66% 67% 66% 67
5,375 28% Mar.
36% Apr 27
86
36% 35% 35% 35% 35% 34% 35% 35% 35% 35% 35% Chicago St. Paul Minn. <feOm.
112
Jan 30
250
104
Mar.
30
*110
112
112
112
*111
112
Do
pref.
112
112
*111%
113
*110 112
5,193 35% Feb. 13 42% Apr. 25
41% 41% 41% 4178 41% 4178 Cleve. Cincin. Chic. <&St. L..
41% 41% 41% 42
41% 42
*86
90
82 Jan. 10 89% Apr. 25
*86
90
Do
pref
5,428 16 Jan. 29 2778 Apr. 1
26% 26s« "2*6% ‘ 26% ”26% *26% 26% 26% 26% 27% 27% 27% Columbus Hooking Val. «fe Toi
*63
70
55 Jan. 9 69% Mar. 27
*63
70
Do
pref
*65 ...
*65 ......... *65 ........ *65 ...
129% 130% Delaware <feHudson............... 13,309 123 Mar. 9 133% Jan. 18
128 129% 127% 128% 127% 128% 129 130
126% 128
7,405
159%
160
155%
Mar. 8 166% Jan. 18
15«%
159%
159% 159%
160 160% DelawareLackawanna&West
159% 160
*158% 159
10% Jan. 29 14% Apr. 24
14% Denver <feRio Grande . . . . . . .
*12% 14% *13% 14% *13% 14% *13% 14% *13% 14% *14
42%
42%
1,610
32%
Jan.
29 43% Apr. 27
42%
43
Do
pref
42% 42%
43
43
43% 43% 42% 43
*40
50
479 30 Feb. 20 50 May 3
*40
50
*40
50
t.45
50 Evansville & Terre H aute...
*40
50
*40
50
100
Jan.
28 107 Mar. 25
103%106 *103% 106 *103% 106 ‘103% 106 *103% 106 Great N orth ern ,p ref.......
*103% 106
92% Apr. 27
910 81% Jan.
92% 92% *91% 92% Illinois C en tral........... ...II
92
92
92
92% 92% 92% 92% 92
8% Apr. 22
270
5% Jan. 28
*7% 8 Iowa C entral.................
*7% 8
7% 7%
*8
8%
*8
8%
*8
8%
606 19 Jan. 31 27 Apr. 24
26% 26%
Do
pief
*26% 27
*26% 27
*26% 27
26
26
26
26
4,573 15% Feb. 11 21% Apr. 18
203s 20% 20 20 % 20 20 % 1978 20% 20% 20% 20% 20% Lake Erie <feWestern
1,425 69 Jan. 28 78% Apr. 19
Do
pref.
77
77% 77% 77%
*76
77% 77
77
77
77
77
77
2,660 134% Jan. 2 143% Apr. 29
142% 143% 142% 143% Lake Shore «ft Mich. Southern
142% 143% 143 143% 143 143
*142% 143
744 83% Apr. 19 88% Jan. 5
84%
84%
Long
Island...........................
83
85
83%
83%
83%
83%
84
84
*83
84
7,866
5 Mar. 25 13% Apr. 25
11% 12% 10% 11% 1 0 % 1 0 % 10% 11% 11% 11% 11% 11% Long Island Traction . . . . . . .
9,557
4678 Mar. 12 56% Apr. 25
55%
56%
Louisville
<
fe
Nashville___
56
56%
55%
5b%
55%
56
55%
56
5578 56%
6,338
87s May 3
6 Mar. 6
8% 8% Louisv. New Alb. A Chicago
8
8%
7 % 7%
7%
8
7% 7%
8
8
28%
Do
pref. 10,093 20 Jan. 4 28% May 3
28% 28
27% 27% 26% 27% 26% 27% 26% 27% 27
8,616 104 Jan. 2 119% Apr. 18
117% 118% 118% 118% 117% 118% Manhattan Elevated, consol..
119 119% 119 119% 118 119
2,122 91% Mar. 4 101 Apr. 20
100 100% 100 100% 100 % 100 % 100% 100% 100% 100% 98% 99% Michigan C e n tr a l..........
1,730 25% Feb. 18 31% May 3
31
31
31% Mlnn.«feSt.L.,tr. reots., 2d p’d
29% 30
*28% 29% *28% 29% *28% 29% 29
770 46% Jan. 19 52% May 3
50%
50%
51
52%
Do pref. ,tr. rects., 2d p’d
50%
*49% 50% 49% 49% 49% 49% 50
8,547 12% Jan. 30 17% Apr 26
*17% 17% 16% 17% Missouri Kansas <feTexas___
17% 17% 17% 17% 16% 17% 16% 17
23,240
21% Jan. 29 33 Apr. 22
31% 32%
Do
pref
31% 32% 32% 32% 31% 32% 30% 31% 31% 32
10,670 18% Mar. 11 27 Apr. 23
26
26% 25% 26% M issouriPaoiflo.............
25% 26% 25% 26% 25% 26
257« 26
18% 19 Mobile <&Ohio..........................
300 13% Mar. 20 19 Apr 24
18% 18% *18% 19
*18
19
*18
19
*18% 19
64 Jan. 29 70 Jan. 18
. . . . . . . . . . . . Nashv.Chattanooga«feSt.Louis
2,534 92% Mar. 15 100% Feb. 1
99% 99% 9878 987s 98% 98% 98% 98% 98% 98% 98% 987s New York Central <feHudson.
210 11% Feb. 20 15 Apr. 30
15
15 New York Chicago & St. Louis
15
15% 15
*1478 15% *14% 15
*14% 15% *14
64% 64% *65 68
8 65 Apr. 23 70 Jan. 18
Do
1st pref.
*65
69
*65
69
*65
69
*65
69
24 Feb. 21 30 Apr. 22
*28
29% *28 29%
Do
2d pref.
*23
30% *28% 29
*28
30
*29
30
7% Mar. 9 12% Apr. 25
1178 12% New YorkLake Erie <feWest’n 5,920
11% 11% 11% 11% 12 12
12% 12% 11 % 12
25
16 Feb. 26 25 Apr. 23
*24%
.
.
.
.
24%
24%
Do
pref.
*24%
25
*24%
25
*24%
7,210 29 Jan. 29 40% Apr. 23
39% 39
40 N.Y.&N.E. ,tr. recs.allins.pd
3878 39% 387a 39% 39
39% 39% 39% 40
3 193 Mar. 20 201 Apr. 2
198 198 *199 202 New York New Haven <&Hart.
*199 203 '200 203 *200 203 *200 203
3,250 15% Jan. 3 17% Apr. 23
17% 17% 17% 17% 17% 17% 17% New York Ontario <fc Western
17% 17% 17% 17% 17
1,940
11% Mar. 22 14% Jan. 21
13
13%
12%
12%
1278 13
13% 1 3 -s New York Suso, «fewest.,new.
12% 12% 12 % 1 2 %
2,350 34 Feb. 26 43% Jan. 18
Do
pref.
36% 36% 37%
36
36% 36% 36% 35% 36% 36% 36% 36
5% Jan. 5
1,100
2 Mar. 5
3%
3%
Norfolk
&
Western..................
*3% 4
*3% 4
3% 4
3% 3%
3%
3%
9% Mar. 4 19% Jan. 18
200
*16% 17
Do
pref.
*16% 17
15% 16
16
15% 16
*15% 16% *15
5 Apr. 29
2%
Jan.
6,230
28
5
5
Northern
P
a
o
iflo
.................
5
5
4 78 5
4% 5
4 7a 5
4 78 4%
7,991 13 Feb. 27 22% Apr. 30
22
Do
pref.
207e 2 1 % 20% 207e 21% 22% 21% 217s 21% 2178 22
14
Mar.
12
19%
May 1
1,000
................... Ohio Southern.........................
19
18% 19% 17
18% 19
19
18% 18% 19
17 Apr. 5 21 Jan. 17
*18
20 Oregon R’y <feNavigation Co.
20
18
18
20
20
*18
*17% 20
*17% 20
8
Apr.
22
3%
Jan.
29
*7
7% Oregon Sh. Line <fcUtah North
310
7%
7%
7%
*6%
7%
7%
* 6%
8
*6%
8
3 Feb. 4 5 Apr. 20
4%
4%
"4% 4% Peoria Deoatur <&Evansville.
905
4% *4% 4%
4%
4% 4%
*4% 4%
7% Mar. 4 17% May 3
15% 16% 16
16% 15% 16% 16% 17% 17% 17% Philadelphia <fe Reading....... 149,847
15% 16
18% 18% rittsburg Cinn. Chic. <&St. L.
560 15 Jan. 12 18% Apr. 24
17
18
17
18
*17
18
18
18% 18% *17
43% Jan. 30 49% Apr. 22
*48
49
Do
pref.155
49
48
48
*48
48
4 8 % 48% 48% 48% 48
157% Feb. 8 160 Jan. 24
'157 160 Pittsb. Ft, Wayne <fe Chicago.
157 160 '157 160 *157 160
157 160
*157 160
100 28 Apr. 17 33% Jan. 3
*28% 29% Pittsburg <fe Western, pref ...
*29
30
30
*29
*29
30
30
30
*29
30
300 15 Apr. 16 17% Apr. 23
17% 17% Rio Grande Western........... .
70 113 Feb. 12 117% Jan. 21
113% 114% Rome Watertown <&Ogdensb.
n i 4 114% *114 115 *114 114% 113% 113% 114 114
1,200 35% Feb. 15 44% May 3
43% 43% 44% St. Louis Alt. <feTerre Haute.
41% 42% 42% 43
*40
40% 40% 40% 41
6% Apr. 29
4% Jan. 25
1,895
6% 6% st. Louis Southwestern..........
6% 6%
6% 6%
6% 6 %
6% 6%
6% 6%
8% Jan. 29 13 Apr. 27
5,745
13
Do
pref.
12% 12% 12% 12 7e 13
12% 13
12% 13
12% 13
300 18 Feb. 5 27% Apr. 25
27
27 St Paul <&Duluth....................
*25
26
26
27
26% 26% *26
28
*27
28
90 Feb. 4 90% Jan. 15
*35
90
Do
pref.
*80
90
90
*85
*85
90
*85
90
*87
90
104 Mar. 8 110 Jan. 8
107HO S t Paul Minn. A Manitoba...
*106% 109 *106% 109 *106% 109 *106% 109 *106% 109
16%
Apr. 17 19% Jan. 2
3,815
19% Southern Pacifie Co— ..........
18
19% 19
17% 17% 17% 18
17% 17% 17% 18
8% Jan. 29 14% May 3
137a 14% 14% 14% Southern voting trust eertif. 68,662
13% 13% 13% 1378 13% 14
13% 14
29%
Jan.
29 39% May 3
36% 36% 37% 37% 39% Do., pref. voting trust, cert. 38,199
36% 3678 36% 36% 36% 36% 36
8% Jan. 30 107a Apr. 26
6,050
10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% Texas <fe Paoiflo.......................
14
3% Mar. 19
% Feb.
50
*1 % 2 Toledo Ann Arbor <feN. Mich.
*1% 2
*1% 2
*1% 2% *1% 2
*1% 2
41 Jan. 14 41 Jan. 14
*45% 48 Toledo <&Ohio Central............
*45% 48
*45% 48
*45% 48
*45% 48
*45% 48
73
Jan.
14
81
Mar. 21
*78
81
Do
pref.
*78
81
81
81
*78
*78
*78
81
*77% 81
7% Mar. 14 13% Apr. 19
895
13
*1278 13% 12% 12% 13% 13% 13% 13% Union Paoiflo..........................
*12% 13% 13
3% Feb. 11
6% Apr. 29
4,500
6
6
6% 6%
57s b%
6%
6% *5% 6% Union Paoiflo Denver <fe Gulf.
6
6
5% Mar. 6
7% Apr. 25
678 6% Wabash.....................................
2,588
6% 6 %
7
7
6 % 7%
*6% 7%
7%
7
Do
pref. 10,482 12% Jan. 29 17% Apr. 25
16% 16% 16% 167s 16% 1678 15% 16% 16% 16% 16% 1678
8%
Feb.
28
13%
Apr. 30
13
13%
Wheeling
de
Lake
Erie............
13,265
13%
13% 13% 12% 13% 12% 13% 12% 13% 13
Do
pref.
930 35 Feb. 25 44% Mar. 22
43% 43% 43%
*43% 4378 43% 43% 43% 43% 43% 43% 43
2%
Mar.
1
5%
May
2
5%
5%
Wiso.
Cen.
Co.,voting
tr.
otfs.
1,025
5
*4% 5
*4%
5
5%
*4%
5
4%
4%
M is c e lla n e o u s S t o c k s ,
18%
Feb.
13
29
%
May
3
29%
29%
American
Cotton
Oil
Co........
12,150
27
27% 29%
27% 27
27% 27% 27% 27
27
Do
pref. 1,362 62 Feb. 18 78 May 3
76
76
77
77% 77% 78
77
*76
77% 77% 77% 77
108% 109% 109% 112% 111% 113% 112% 114% American Sugar Refining Co. 302,392 86% Jan. 3 114% May 3
108% 109% 108% 110
Do
pref. 5,030 90% Jan. 8 100 Apr. 29
99% 99% 99% 99% 98% 99% 98% 98 7s
98% 100
987a 99
84% Feb. 21 105% Apr. 27
103% 105% 101% 105% 103% 10478 102% 1037a 103% 104% 104% 104% American Tobacco Co............ 34,582 103%
Feb. 27 111 Apr. 29
110
110
Do
pref.
522
110
110
110
110
110%
111%
Lll
110%. 110% 111
70 Mar. 5 7S% Jan. 11
72% 73% 72% 74% 73% 74% 73% 74% 74% 75% 74% 757s Chicago Gas Co., trust reo’ts..
126
Jan.
29 143. % May 3
138%
141%
Consolidated
Gas
Company.,
7,131
139%
139%
139
139
139%
140
1.39%
138% 139% 139
13% Mar. 20 19% Apr. 29
iri7% 18% 19% 197« 19% 19% 18% 19% 18% 19% 18% 18% Dis.«fe C.F.Co.,tr.ctf. allins.pd 65,983 25%
4 37% Mar. 25
Mar.
33%
337s
General
Eleotrio
Co.................
32,019
33%
34
33%
34%
34%
33%
33% 337s 32% 33%
34
34% 34% 34% 34% 347s National Lead Co.................... 20,230 26% Feb. 16 38 Jan. 18
35
33% 34% 34% 35% 34
28
89% Apr. 22
78%
Jan.
88%
89%
Do
pref.
3,660
88%
88%
887s 89
88% 89
88% 69% 88% 89
6 Apr. 10
2% Jan. 30
5% 5% North American C o . . . . . . . . . . .
4,410
5% 5%
5% 5%
5%
5%
5%
5%
5%
5%
12% Mar. 22
Mar.
8
8
12%
12 Oregon Improvement Co____
*11
12% *11
12% *9
12% *11
12% *11
*11
24%
May 2
Jan.
26
20
24
24%
Pacific
M
a
il...............
6,111
23%
23%
23%
24%
23%
23%
23%
23
23% 23%
•907
*195
*185
L69 * .......158 Pipe Line Certificates............................ 95% Jan. 4 157% Apr. 11
2
177
May 2
Jan.
154
175
177
Pullman
Palace
Car
Company
7,223
x
!7
2
173
173%
177
172%
173%
170%
173
l « 9 170%
*66% 66% *66% 66% *66% oooq 66% 66% Silver Bullion Certificates___ 10,000 60 Jan. 10 68% Apr. 1
*66% 67% *66% 67
3
23%
May
29
13%
Jan.
22%
23%
Tennessee
Coal
<
&
Iron............
19,490
21%
21%
23
20%
21%
21%
22%
21% 22% 21%
80
*80
Do
pref.
20 74 Apr. 17 80 Apr. 25
80
8%
Jan.
4
11
2%
Feb.
6%
7%
United
States
Cordage
Co—
15,376
7%
7
7%
7%
678
6%
6 % 7%
6%
6
5 Feb. 11 13% Jan. 4
10% 10%
Do
pref. 11.089
10% 10
11
9% 11% 10
10% 11%
10% 11
7 Feb. 27 24% May 3
21% 20% 22% 22% 24% 21% 24% United States Leather C o ___ 160,928
15% 17% 1778 19% 20
Do
pref. 44,541 58 Feb. 27 93 May 3
89% 90% 90% 91% 90% 93
84% 87% 86% 89 I 88% 90
40% 41% 42% 4178 42% United States Rubber Co....... 20,062 38% Mar. 5 45 Jan. 2
41% 40
40% 41% 40% 41% 40
89% 89% 89% 89% Western Union Telegraph.... 10,994 86 Jan. 29 89% Apr. 25
89% 89% 89% 89%) 88% 89% 88% 89
* These are bid and asked; no sale made.
I Lowest is ex div.
fl 3d instalment paid.
THE CHRONICLE.
May 4, 1895.1
785
NEW YORK STOCK EXCHANGE PRICES CContinued)—INACTIVE STOCKS.
May 3.
I n a c t iv e S t o c k s
IT I n d ic a te s u n lis te d .
Ask.
Bid.
R a ilr o a d S tock s.
t
D e s M oin es & F o i t D o d g e ....
170
9%
132
101% Ï03
16
15
21
61
......
157
7
32
Louisv. Evansv. & St. L. Cons. 100
Louisv. St. Louis & Texas......... 100
Mahoning Coal.......................... 50
Preferred................................. 50
Metropolitan TractionTf............ 100
Mexican Central.........................100
Mexican National tr. ctfs......... 100
Morris & Essex....................
50
New Jersey & N. Y ........ .^ .....1 0 0
Preferred.......... .............
100
N. Y. Lack. & Western..............100
Norfolk & Southern................... 100
Peoria & Eastern....................... 100
Rensselaer & Saratoga..............100
Rio Grande Western pref......... 100
Lowest.
6
....
Apr.
1%
2%
9
10
2%
13
1
115
106
4
1% Apr.
....
....
83% Apr.
10%
8 Mar.
1% Apr.
156 Feb.
10
t 2
¡162
61%
3%
180
% Feb.
1% Feb.
1% Mar.
88 Jan.
8% Feb.
3 Jan.
13% Mar.
5
185
.....
.........
* N o p r ic e F r id a y ; la te s t p r ic e th is w e e k .
116% Jan.
65 Apr.
2 Jan.
180 Jan.
30 Mar.
May 3.
if Indicates unlisted.
Bid.
Toledo Peoria & Western........ .100
Toledo St. L. & Kansas City H .100
....
M is c e lla n e o u s S to c k s
9% May
Range (sales) in 1 8 9 5 .
Ask.
Lowest.
Highest
3
.TOO +145%
34
American Express................... .100 112
....
Amer. Telegraph & Cable..... .100 92%
. 50 Î 22
ion
Apr.
2%
Chic. .Tunc. Rv. & Stock Yards. 100
157% Jan.
.100
7% Apr. Colorado Coal & Iron D evel.. .100 t 6%
32 Apr. Colorado Fuel & Iron ............. 100 25%
6% Apr.
Preferred............................... .100 70
13% Apr. Columbus & Hocking Coal___ .100 Í 7%
15% Apr. Commercial Cable.................. . .100 142%
36 Apr. Consol. Coal of Maryland....... .100 30
100 t 97%
l 7s Feb. Erie Telegraph & Telephone". 100
3% Jan. Interior Conduit & Ins', C o. . . . .100
1% Mar. Laclede Gas............................... .100 t 28%
TOO
88 Jan.
85
10 Apr. Lfthisrh & Wilkftsharr« Ooal IT _. _ _
3 Jan.
100 50
15% Jan.
100
.100
1 % Apr. Minnesota Iron................ .
.100 t 5Ó
....
National Linseed Oil Co.......... 100 Î 23%
....
National Starch Mfg. Co......... .100
9
7
103 Jan.
100
10 Apr. Ontario Silver Mining.. . . . . . . . .100 10
3 Apr. Pennsylvania Coal.. T.......... __ . 50 300
164 Jan. Postal"Telegraph—Cable If--- .100 73
31$
too
100 17 ”
118 Feb.
TOO
31«
65 Apr. U. S. Cordage, guaranteed___ .loo 17%
4% Apr. U. S. Express............................
Î 42
183 Apr, U. S. Rubber preferred........... 100 t 94%
44 Apr. Wells, Farvo E xpress............. ion 104
101% Apr. 103
....
19 Apr.
58 Jan.
60
156 Jan.
5% Feb.
30 Jan.
4
6
2% Mar.
12
5% Mar.
10
9 Apr.
15% 15%
34 Apr.
36%
( ¡Indicates actual sales.j
I n a c t iv e St o c k s .
Highest.
159
8
%
1%
I llin o is C en tra l lea sed t in e s ___100
K a n a w h a & M ich ig a n .................100
Range (sales) in 1895.
Feb.
1 40
J an .
1 48
A p r.
89
F eb .
95
Jan.
37
114 1 0 9 " F e b . 1 1 5 ” A p r.
94
89
M ar.
9 3 % J an .
22% 13 M ar. 2 4 J a n .
4
1 % A p r.
1*2 A p r.
4
8%
26
23%
75
50
2%
146
35
28%
94 %
54
45*2
30%
29
2 3%
81
88
20
70
50
M ar.
8 78 M a y
M ar. 2 5 % A p r.
F eb.
64
A p r.
Jan .
7% M a r.
M ar. 146 M a r.
A p r.
3 3% J a n .
M ar. 1 02 Jan.
5 4 % A p r.
F eb.
4 1 % M ar.
F eb.
Jan .
2 9 A p r.
M ar.
87 Jan.
Jan.
20 Jan.
Jan.
50 Jan.
52
39%
17%
5
J an .
5 6 A p r.
M ar.
50 M ay
Jan .
2 4 % A p r.
10
J an .
1 0 A p r.
9
6 J an .
8 % A p r.
12
8 % M ar.
8*2 M ar.
3 1 0 J an . 3 2 0 J a n .
69
A p r.
6 9 A p r.
4
2 J an .
4 A p r.
1 2 % J an .
19
20
A p r.
91^ 7 M ar.
9 % A p r.
12 F eb.
23% Jan.
18
40*4 A pr.
4 5 J an .
9 2 % F eb.
95
95
M ay
108 1 0 4 F eb . 1 1 0 J a n .
t A c t u a l sa le s.
NEW TORE STOCK EXCHANGE PRICES.—STATE BONDS M A Y 3.
SECURITIES.
Bid.
Ask.
Alabama—Glass A, 4 to 5 .......1906
Class B, 5 s ............................1906
Class C, 4s............................. 1906
Currency funding 4s............1920
Arkansas—6s, f un<f,Hol. 1899-1900
do. Non-Holford
7s, Arkansas Central R R ............
Louisiana—7s, eons............. ...*914
Stamped 4s.......... .
.................
New oonols. 4s..................... 1914
105
107
96
96
2
150
1
110
100
95
108
SECURITIES.
12
98
New York City Hank Statement for the week ending
April 27, 1895. We omit two ciphers (00) in all cases.
BANKS.
(00s om itted.)
Capital SurpVs Loans,
Bank of New York.. $2,000,0
Manhattan Co...__ 2.050.0
Merchants’ ............. 2 , 000,0
Mechanics’.............. 2 , 000,0
America................. 3.000.
1.000.
Phenix................
City......................... 1, 000,0
750.0
Tradesmen’ s............
300.0
Chemical............
600.0
Merchants’ Exch’ge
Gallatin National... 1,000,0
300.0
Butcher s’&Drovers’
400.0
Mechanics’ & Trad’s
200.0
Greenwich..............
600,0
Leather Manufac’rs
300.0
Seventh National..
State of New York.. 1.200.0
American Exchange 5.000.
Commerce............... 5.000.
Broadway............ 1.000.
Mercantile____ .... 1,000,0
422,7
Pacific................. .
Republic................. 1.500.0
450.0
Chatham................ .
200.0
People’s . . . _______
700.0
North Amerioa.......
1,000,0
Hanover........ .
500.0
Irving.....................
600.0
Citizen’s . .........
500.0
Nassau......... ..........
750.0
Market & Fulton...
Shoe & Leather..... 1,000,0
Corn Exchange...... 1,000,0
Continental............. 1,000,0
300.0
Oriental..................
Importers’ «fcTraders 1.500.0
Park..................... . 2,000,0
250.0
East River.... .....
Fourth National__ 3. 200.0
Central National__ 2, 000,0
300.0
Second National....
750.0
Ninth National......
500.0
First National........
Third National........ 1,000,0
300.0
N.Y. Nat. Exohange
250.0
Bcweiy....................
200.0
New York County..
750.0
Gorman American..
500.0
Chase National........
100.0
Fifth Avenue...... ..
200,0
German Exchange..
200,0
Germania............
500.0
United States.........
300.0
Lincoln...................
200.0
Garfield___ ___ _
200,0
Fifth National........
300.0
Bank of the Metrop.
200.0
West Side..............
500.0
Seaboard.................
200.0
Sixth National........
Western National.. 2,100,0
300.0
First Nat. Br’klyn..
500.0
Soutaern National..
Nat. Union Bank.... 1, 200,0
600.0
Libertv Nat. Rank.
N.Y. Prod. Exch’ge. 1, 000,0
$1,988,0
1.957.5
929.6
2, 122,2
2.149.8
0
409,9
0
3.042.0
160,3
7.184.4
140.2
1.646.4
264.8
405.8
179.7
483.8
107.5
502.3
0
2.359.8
0
3.519.6
0
1.598.4
942.7
473.4
920.0
984.4
264.0
564.3
1.861.7
338.4
379.1
274.2
808.3
10,3
1.133.5
201.7
411.6
5.464.7
3.086.7
137,2
1.977.0
513.1
584.2
368.0
7.197.1
201.6
118.1
548.6
509.7
264.3
1.145.1
1,026,3
647.2
614.3
528.7
516.0
559.9
306.5
773.3
297.0
216.3
340.3
215.9
868.7
542.1
326.6
119.2
313.6
$11,860,0
13.655.0
8.857.6
8.967.0
18.293.2
4.495.0
16,259,9
1.786.0
25.258.0
3.888.0
6,165,9
1.548.0
2.380.0
1.056.2
3.086.8
1.699.4
3.182.2
24.188.0
21.673.1
6.067.6
7.010.4
2.275.0
11.673.1
5.690.8
2.229.2
5.266.6
15.026.7
2.933.0
2.770.9
2.619.6
4.138.4
2.713.0
8.677.4
4.225.7
1.914.0
21,822,0
24.932.3
1.092.4
19.296.1
9.106.0
4.975.0
3.430.3
25.660.8
8.580.3
1.440.7
2.743.0
8.030.8
2.869.9
15.306.8
6.482.0
2.860.3
3.091.5
5.250.4
5.842.6
3.972.7
1.824.9
4.686.3
2.631.0
5.071.0
1.802.0
8.815.0
4.339.0
2.642.0
8.403.4
1.616.1
3,357,3
Specie.
Legáis. Deposits
$1,290,0 "$2%60,0 $11,810,0
2.787.0 14.594.0
1.139.0
1.286.9
1.447.7
9.954.7
1.033.0
8.164.0
1.709.0
3.003.2 19.382.6
2.231.5
761.0
429.0
4.230.0
1.919.2 21.874.0
7.766.7
363.2
308,6
1.951.7
6.870.2 27.675.0
2.865.8
556.8
754.5
4.454.8
5.410.2
1.420.1
471.5
359.5
153.5
1.684.9
325.0
2.430.0
295.0
168.1
180.2
1.002.4
408.4
262.4
2.615.6
288.9
262.5
2.003.8
390.8
140.5
2.322.1
3.208.0 18.185.0
1.145.0
399.1
4.641.6 17.814.2
721.8
1.066.5
5.854.6
1.583.7
7.782.7
1.192.6
3.052.9
455.0
586.7
2.453.9 13.292.6
1.382.5
802.2
5.902.8
872,3
244.1
394.6
3.055.5
666.8
5.217.0
652.7
3.784.1
1.514.7 18.434.2
3.126.0
568.2
389.1
3.496.0
603.7
534.7
614.2
131.4
3.076.7
842.0
4.379.6
404.7
688.0 3.078.0
319.0
1.572.5
9.880.5
1.055.0
5.022.9
458.1
813.0
208.2
401.6
1.906.0
2.722.0 22.507.0
3.640.0
6.422.9 29.905.9
2.912.0
110.9
989,9
187.7
4.115.3 19.492.0
795.7
2.143.0 10.902.0
1.374.0
1.319.0
6.411.0
939.0
630.8
508.4
3.853.1
1.394.2 26.110.7
6,249,4
1.094.0 10.322.7
1.906.0
319.1
155.2
1.494.3
271.0
2.950.0
456.0
166.1
719.2
3.500.5
431.8
306.1
2.754.1
1.815.1
4.223.9 19.641.9
1,206,5
770.6
7.213.4
319.1
565.1
3.285.4
403.2
476.9
3.798.1
708.2
755.3
6,080,0
654.6
1 020.8
6.503.9
5.149.8
664.5
889.3
376.9
216,0
2.035.7
994.6
823.5
6.951.3
517.0
257.0
2.923.0
7.221.0
2.479.0
414.0
232.0
1.603.0
247.0
8.966.4
1.619.4
975.1
633.0
4.750.0
1,030,0
2.740.2
64,1
802.7
9.230.3
1.947.3
587.9
1.490.5
375.7
17,3
2.646.0
274.6
445.8
.
o ta i.. . . . . . . . . . . . 62,622,7 71.046.8 480,504.6 68,203,9
Bid.
Ask.
SECURITIES.
Bid.
Ask
Missouri—Fund............. 1894-1895 ..... ...... Tennessee—6s, old.........1892-1898
North Carolina—6s, old..........J&J
Funding act..........................1900
New bonds, J & J ........ 1892-1898
Compromise, 3-4-5-6s.......... 1912
Chatham R R .................................
1
2% 3s............................................ 1913
84% 86
Special tax, Class I .....................
1
2%
90
Consolidated 4s....................1910 103 105
do
4 ins . . .
.1 91 3 100
6s........................................... 1919 124
100
South Carolina—4%s, 20-40.. 1933 107% 110
Virginia funded debt. 2 -3 s...l9 9 1 59% ‘ 59%
6s, n on -fu n d ....................... 1888
6s, deferred t’st reo’ts, stamped.
1% 2
6% 7
86.216.91516.600,5
New York City, Boston and Philadelphia Banks:
Ba n k s .
N . Y o r k .*
Mar. 30___
A p r. 6 __
“ 1 3 ....
“ 2 0 ....
“ 2 7 ....
B o s t o n .*
A pr. 13___
2 0 ....
“ 2 7 ....
P h l l a .*
A pr. 1 3 ....
2 0 ....
“ 2 7 ...
Capital So
Surplus. Loans.
$
133.669.5
133.669.5
133.669.5
133.669.5
133.669.5
$
482.524.1
480.438.3
481.023.1
480.721.4
480,504,6
Specie.
69.351.8 165.105.0 10.528.0
69.351.8 164.789.0 10.573.0
69.351.8 163.793.0 10.594.0
35.810.3 102.615.0
35.810.3 102.255.0
35.810.3 101.988.0
Legáis. Deposits,t Circ’l'n
$
65,578,9
64,471,2
65.387.0
66.637.8
68.203.9
$
73,894,6
74.664.3
75.493.4
80.573.5
86,216,9
$
128956
130840
13X413
132170
131998
493.411.8
585,443,7
475,894,0
560,332,4
574.936.9
4.898.0 149.612.0 7.368.0
5.146.0 150.334.0 7.373.0
5.575.0 149.591.0 7.364.0
84,456,8
79,769,2
93.050.6
97,681,0 6.090.0
100.078.0 5.837.0
100.614.0 5.996.0
54.804.4
72.350.7
64.708.4
26,0 88,0
28,1 90.0
29,5 02.0
$
504.240.2
500.822.3
503.830.5
510.185.3
516.600.5
$
* We omit two ciphers in all these figures, t Inclu din g fo r B oston and P h ils
delphia the item “ due to other banks.”
Miscellaneous and Unlisted Bonds :
B oston Un. Gas tr .certs., 5 s.
Ch. Jun.& S. Y d s .—C ol.t.g.,5s
Col. C. & I. Devel. gu. 5 s . ... .
Colorado Fuel—Gen. 6s...........
Col. & H ock . C oal & I .—6s, g.
Cons.Gas Co..Chic.—ls t g u .o s
E dison E leo. 111. C o.—1st 5s .
Do
o f B klyn., 1st 5 s ....
Equit. G .-L ..N .Y ., co n s.g . 5s.
E qu itable G. & F .—1st 6s___
H enderson B ridge—1st g. 6 s.
Illin ois Steel deb. 5 s...............
N on-conv. d e b .o s ...................
Manhat. B each H . & L. g. 4s.
Metropol. Tel. & TeL 1st 5s -
miscellaneous Bonds.
M loh.-Penin. Car 1st 5s. . . . .
ÌÒ5~b. Mutual U nion T eleg.—6s g . .
* 94 a. N at. L inseed Oil deb. 6s, g . . .
N . Y. & N . J. Telep. gen. 5 s..
* " 75'* a. N orthw estern Telegraph—7s.
* 80 b. People’ s Gas <fc C .) 1st g . 6s.
Co., C h i c a g o . ... ) 2d g. 6s.
* 55 %b.
1st cons. g. 6 s.......................
106%b. Pleas. V alley Coal —1st g . 6s.
South Y u b a W ater Co.oon.6s.
* Í Í Ó " b . Sunday Creek Coal 1st g 6s..
94 %b. U. S. Leather—8. f. deb., g.,6s
112 b. W estern U nion T eleg.— t . . .
W h eeL L .E .& P iit« C o a lls tS s
Unlisted Bonds.
47 b. Oom stook T unnel—Inc. 4 s ..
Mem.<feCharleston—Con 7 g.
”105 %a.
110 b.
*107 n.
92 %b.
98 b .
*111 %b.
107 b.
6 4 'ab.
11 b
N ote .—“ 6” indicates p rice bid; “ a ” p rice asked. * L a test p rioe this w eek
Bank Stock List—Latest prices this week.
BANKS.
Bid.
A m e r ic a ....... 200
A m . E x c h ... 157
B roa d w a y... 238
B ntchs’ & D r. 148
Centi a l ........ 117
500
345
Chem ical . . . 4100
C ity ............... 450
135
C om E x ch ..
E ast R iv e r..
F ifth A ve,
Fifth*
14th S tre e t..
Gallatin.........
A sk.
210
BANKS.
Bid.
300
112
A sk.
122
250
G erm ania.... 300
G r e e n w ich .. 160
H a n over....... 310
155
500
400
4800 I r v in g ........... 135
160
600
150
184
I 83 U 185*"
214
180
325
281 300
M’ch s’ & T rs’ 140
M e rca n tile .. 160
130 135
130
112
25051
400
110
113 125
150
N ew Y o r k ... 228
170
N .Y. Co’n ty . 540
180 185
N .Y . Nat. E x. 100
300
1I 57
125
335
540
150
180
190
200
155
180
135
120
465
165
232
125
(*Not listed.)
BAN KS.
Bid. Ask
N in th .......... 118
110
135
O rie n ta l___ 200
P a cific......... 175
Park............. 270
ila
Prod. E x.*..
R e p u b lic.... Ì50
S eab oa rd . . . 168
300
S h o e * L e’th
S o u th e rn ...
Stateof N.Y.
T h ir d ..........
Tradesm ’n ’ s
23d W ard *..
Union*....... .
Uu’d States
W estern . .
W est S id e ..
95
140
105
105
122
145
230
300
122
160
168
112
95
180
111
280
112
THE CHRONICLE.
786
BOSTON, PHILADELPHIA
Active Stocks.
IT Indicates unlisted.
Ateb. T. & 8. Fe (Boston) .100
Atlantic & Pac.
“
100
Baltimore & Ohio (Balt.). 100
Balt. City Pass’ger “
25
Baltimore Traction “
25
Baltimore Trac’nfl (Phil.). 25
Boston & Albany (Boston).100
Boston & Lowell
“
100
Boston & Maine
“
100
Central of Mass.
“
100
Preferred
“
100
Chic. Bur. & Quin.
“
100
Chic. Mil. & St. P. (P M .).100
Choc.Okl. & Gulf 1T “
50
Cit. 8t.K y of IndH
“
100
Electric Tracti’n
“
50
Fitchburg p r e f-(Boston). 100
Lehigh Valley.. (Phila.). 50
Maine Central (Boston). 100
Metropol’n Trac.ll (Phil).100
Mexican Gent’l (Boston). 100
N.Y.&N.E.,tr.reo.§
100
Prefer) ed,tr.reo.§ “
100
Northern Central (Ball.). 50
Northern Pacific (Phila.)lOO
Preferred
"
100
Old Colony.......(Boston) .100
Pennsylvania... (Phila.). 50
People’sTraction
“
50
Phila. & Reading.
“
50
Philadelph Trac.
“
50
Union Pacific. ..(Boston). 100
M is c e lla n e o u s S t o c k s .
Am.Sug’r Refin ,\\(Boston)---Preferred........
“
—
Bell Telephone..
“
100
Bost. & Montana.
“
25
Butte & Boston..
“
25
Calumet & Hecla
“
25
Canton C o ..........(Balt.). 100
Consolidated Gas
**
100
Elec. 8 tor. Bat’yli (Phila.). 100
Preferred If
“
100
Erie Telephone.(Boston). 100
General Electric.
“
100
P re fe rre d .___
“
100
LamsonStoreSer.
“
50
Lehi’h Coal&STav. (Phila.) 50
N. E.Telephone (Boston). 100
Unit’d Gas lmp.K(Phila.). 50
Welsbach Light 1i
“
5
West End Land. .(Boston; ..
5 All instalments paid.
[ V o l . LX.
AND BALTIMORE STOCK EXCHANGES.
S h a re P r ic e s — n o t P e r C e n tu m P r ic e s .
Saturday,
April 27.
558
5%
Monday,
April 29.
5%
57e
56%
*72
73
73
16% 17
*16»a 17
*16% 1678 16% 16%
210% 210»« 210 210
200
......
200
200
169 % 169% 169% 169%
12
13
13
12
51
*491«.......
51
74%
74% 745s 74
62% 623s 61% 62%
71% 71%
89% 90
333e 34
90
9% 10 %
39% 39%
69% 69%
•67%
4%
4%
20%
179%
52%
58%
7*3,0
81%
*13
21 %
71%
89%
33%
T29%
90
9%
39
69%
*67%
4 7s
* 20 %
71%
89%
34
90
10
40
71
4 78
21
179% 179% 179%
52% 523s 52%
58% 58% 58%
7 U .« 83s
8
81% 81% 82
13% 12 % 1 2 %
108% 109%
99
99
183 185
41% 42%
13% 13%
'280 285
*70
71%
*6 3 % ........
108%
98%
182
42
12%
280
*........
64
29
Tuesday,
April 30.
53s 59ie
•62% •62%
56%
*72% 73
16% 16%
16% 16%
210 210
199%
168 169
13%
13
51
51
73% 74%
61% 62%
37
70%
89%
33%
130
89%
10
38%
70
*67%
4%
21%
179%
52%
58
8
81%
* 12 %
37
71%
90
34
130
90
10%
39%
71
5
22
179%
52%
58%
87,
81%
13
Wednesday,
May 1.
53s
....
5%
1
Bid.
Ask.
5% 5i3le
72% 72% *72% 73
16% 16% *16% 16%
16% 16% 16% 16%
209 209
209 209
'200
168%
*13%
*51
73%
62
'200
169
168
14
13%
52
52
74
74%
62% 62%
373a
70%
89%
33%
37%
7u%
89%
33%
169%
13%
52
75%
37%
70%
89%
33%
633g
37%
71
90
34%
89% 90
90
90
10 % 103s
10 % 10 %
38% 39% 39
39%
70
70
70%
70
66
6 8 % 68 %
68
4%
4%
5
5
* 21 % 22
22
* 21%
179% 179% 179% 179%
x5l% 52% 51% 513s
57% 58% 58% 58%
81 e 85ie 8 ’ is 8*i<f
81% 81% 81% 82%
13%
13
Inactive stocks.
Friday,
May 3.
Sales
of the
Week,
Shares.
Range of sales in 1895.
Lowest.
7%
1
65
72%
17%
17%
210%
Apr.
Apr.
Jan.
Apr.
Apr.
Apr.
Apr.
200 Jan.
169% Apr.
14 May
54 May
75% Anr.
633s May
1
3
21
22
20
19
22
30
24
3
3
24
2
642 34% Feb.
37%
1,986 70 Apr.
71
584 82% Jan.
90
2,924 27% Mar.
35%
68 125% Jan.
130
1,229 8 1 Apr.
90%
5% Jan.
10
10 % 12,651
4,626 29 Jan.
39
40%
3,740 59% Feb.
71
71
150 64 Jan.
68 %
*66
6,56 S 2% Jan.
478 5
535 13 Feb.
*21% 2 1 %
280 178% Jan.
179 179%
3,658 48% Jan
51% 51%
3,718 43 % Jan.
53% 58%
8®1S 8% 83,538 3 ‘ 316 Mar.
3,393 76 Apr.
82%
82
8 Mar.
205
13
13
42 Mar.
87 Jan.
90 Apr.
36% Jan.
131 Jan.
106% Jan.
1 0 % May
40% Apr.
71 Apr.
68% May
5 Apr.
22 Apr.
180% Jan.
52% Apr.
59% Apr.
878 May
99% Jan.
13% Apr.
9
3
22
3
9
3
3
23
29
2
25
30
13
23
16
3
2
20
37%
71
89%
34%
130
90
111%
99%
135
42
13%
282
*70
*64%
29
Bid.
Highest.
5%
7,417
5%
8
>1
1%
10
57
57
270
72% 72%
930
167g 17
1,871
16% 16%
119
203% 208%
2
200 200 %
163
161 169
921
14
14
222
54
54
74% 75% 11,229
6278 633g 17,700
113% 112% 114% 59,172 86% Jan.
2,93o 90 Jan.
100
99
99%
855 175% Apr.
187
188 189
42% 42% 4278 6,232 33% Jan.
9 Mar.
9,034
137s 13% 14
144 230 Mar.
282
282 282
10 70 Jan.
•70
71
71
4601 61% Jan.
64% 64% 64%
960 28 Jan.
29
21
29%
28 Apr.
*29
30
671 45 % Feb.
53% *53% 51
53% 53
7,445 2578 Mar.
33% 34% 33% 34
34
570 60 Feb.
64
64
64% *63
65
215 22 % Feb.
*24% ...
25
25
25
86 40% Mar.
46
46
457g 45% 46
21 66 Feb.
70
*68
68
........ 70
11 67 Apr.
69%
*69
36 Mar.
1,806
44% 44% 44% 44%
44
400 2 Jan.
23g
23s 23g *2% 2%
109% 108% 109% 109% 112%
99% 99% 99% 99% 100
184 a 185
184% 184 185
42% 42% 42% 42
4 !%
13% 13%
13% 13>a 14
280 280 '280 283
280
71
*70
70
70
71
64% 64% 64%
64
64
29% 29% 29% 29%
29
51% 53% 53% 53% 53% 53% 53%
‘ 33% 33% 32% 33% 33% 34% 33%
64% 64%
*64
65% 64
65
65
*24%
24% 25
25
25
24
24
45% 45% *45%
46
46
46
46
68
68
68
*69 ........
67% 68
69
69% 6-*% 69
43
43
44*4 44% 44% 44% 41
*25lft 2%
23s 23e *2 % 2 % 2516
* Bid and asked prices: n i sale was made.
Inactive Stocks.
Thursday,
May 2.
Ask.
114% May 3
May 1
197 Feb. 11
42% May 3
14 Apr. 30
292% Feb. 20
91% Jan. 16
65% Jan. 2
34% Feb, 13
32% Mar. 18
55 Apr. 3
37% Mar. 25
70 Mar. 23
25% Apr. 16
49% Jan. 5
72 Mar. 28
72% Mar. 9
46% Mar. 9
23g Apr. 25
100
Bonds.
People’s Trao. trust certs. 4s..19 43
Boston United Gas, 2dm. 5s.. 1939 § 57
58
90
92% Burl. & Mo. River E xen pt 6s, J&J «113% 114%! Perxiomen, 1st ser.,5s.l918, Q—J
Phila.&Erie gen. M. 5g.,1920, A&O
261% 263
Non-exempt 6 s.......1 9 1 8 , J&J f 103% 104
Gen. m ort.,4 g . . . . . . . 1920, A&O
32%
Plain 4 s . . . . . . . . . ....... . 1910, J&J § 90
Phila & Read, new 4 g., 1958, J&J
Chic. Burl. & Nor. 1st 5,1926, A&O
2d mort. 6s...........1 9 1 8 , J&D
1st pref. income, 5 g, 1958, Feb 1
49%
Debenture 6s.........1 8 9 6 , J&D
2d pref. income, 5 g, 1958, Feb. 1
50%
48
3d pref. income, 5 g, 1958,Feb. 1
18
Chic. Burl.& Quinoy 4s..l922,F& A
17
2d, 5s.......................... 1933, A&O
Iowa Division 4 s.....1 9 1 9 , A&O
138% 139
Consol, mort. 7s....... 1911, J&D
Chio.&W.Mich. gen. 5s, 1921, J&D
245 250
Consol, mort. 6 g . . . . . . 1911, J&D
Consol, of Vermont, 5s. 1913, J&J
25
30
ImprovementM.6 g., 1897, A&O
Current River, 1st, 5s..1927, A&O
Con. M.,5 g.,stamped,1922,M&N
15
14
Det. Lans. & Nor’n M. 7 s.1907, J&J
Terminal 5s, g . . . . » 1 9 4 l , Q.—F.
34% 38
Eastern 1st mort 6 g.l906,M &S..
Phil. Wilm. & Balt., 4s. 1917, A&O
Eree.Elk.&M.V.,1st,68.1933, end.
69
61
Pitts. C. & St. L., 7 s ....1900, F&A
72
70
K.C. C.& Spring.,1st,5g.,1925, A&O
Rochester Railway, con. os ..1930
35
K O. F.8. &M. con. 6s, 1928, M&N
Schuyl.R.E.Side.lst 5 g.1935, J&D
54% K.C. Mem. & Bir.,1st, 2s,1927, M&S
Union Terminal 1st 5 s .......F & A
11 % 12
K.
C. St. Jo. & C. B., 78..1907, J&J
50
41
L. Rock & Ft. S.,1st, 7 s.. 1905, J&J
B on d s,—B a ltim ore.
Atlanta &CharL, 1st 7s, 1907, J&J
65
Louis.,Ev.&St.L.,1st,6g.l926,A&O
Baltimore Belt, 1st, 5s.1990, M&N
67
2m., 5—6 g ........ ........1936, A&O,,
66
Balt. 0. Pass. 1st 5s— 1911, M&N
Mar. H. & Ont., 6s.......1925, A&O §103
Balt. Traction, 1st 5s.. 1929, M&S
Mexican Central, 4 g . . . 1911, J&Ji§ 62%
Extern & impt. 6 s .... 1901, M&S
lstoonsol.incom es,? g,non-cum. 15%
84
No. Balt. DiV., 5s.......1942, J&D
2d consol, incomes. 3s, non-cum.
■3
7%
7
Baltimone & Ohio 4g., 1935, A&O
40 I N. Y. & N.Eng,, 1st, 78,1905, J&J*1*116
Pitts. 3s Conn., 5 g ...l9 2 5 , F&A
24%
24
1st mort. 6s................ 1905, J&Ji 109
Staten Island, 2d, 5 g.1926, J&J
2%
2
2d mort. 6s..............1 9 0 2 , F&A>*107
Bal.&Ohio
S.W.,lst,4%g.l990, J&J
Ogden. &L.C.,Con.6s...1920,A&O §105
72
71
CapeF.&Yad.,Ser.A.,6g.l9l6, J&D
Inc. 6s.....................................1920 § ........
14% 14%
Series B., 6 g ..........1 9 1 6 , J&D
38% 39 Ì Ru tland, 1st,6s............ 1902,M&N §109%
Series C., 6 g . . . . . ......1916, J&D
65%
2d, 5s.........................1898 ,F&A §101
65
Cent. Ohio, 4% g . .......l 9 3 0 , M&S
90% 91
B on d s.—Philadel ih ia
Cent. Pass., 1st 5s.......1932, M&N
Allegheny Val.,7 3-10s, 1896. J&J
233 234
City & Sub., 1st 5s....... 1922, J&D
52
Atlantic City 1st 5s, g., 1919,M&N
Chari. Col.&Aug.ext.5s.l910, J&J
Belvidere Del., 1st, 6s. .1902, J&D
CoL & Greenv., 1st 5-68.1917, J&J
7%
7% Buffalo Ry. con. 1st, 5s.......... 1931
Ga.Car. & Nor. 1st 5 g ..l9 2 9 , J&J
113
113%
Catawissa,
M.,
7s.......1900,
F&A
5
5%
Georgia Pac., 1st 5-6S...1922, J&J
Choc. Okia. & Gulf, prior lien 6 s .. 103% 104
25
North.
Cent, 6 s . . . . . . ....19 0 0 , J&J
85%
Citizens’
St.Ry.of
Ind.,con.5s.l933
130
125
6s................................ 1904, J&J
MISCELLANEOUS.
Colurub. St. R y„ 1st, con. 5s..1932 95
Series
A, 5 s . . . . . . . ....19 2 6 , J&J
Allouez Min’g, asstpdfBostonJ. 25 •25 •37 Columb. O. Crosstown, 1st,5s. 1933 \ 100
4 % s............................ 1925, A&O
Atlantic Mining........
“
25 11% 11% Consol. Tract, of N. J., Ist,5s.l933, 85%
Piedm.&Cum.,lst,
5 g. 1911, F&A
Bay State Gas 1i.........
“
50, 11
11% Del. & B’d Br’k, 1st, 7s.l905,F&A| 126
Pitts. & Connells. 1st 7s. 1898, J&J
4
4% Easton&Am. lstM .,5s.1920, M&N 107
Boston Land.................
“
10
Southern, 1st 5 s . . . . . ....1994, J&J
•60 Elmir. &Wilm., 1st, 68.1910, J&J. 119%
Centennial M ining...
“
10 •53
2
Virginia Mid., 1st 6 s ...1906, M&S
1%
Hestonville M. & F., con. 5s..1924 ........ 108
Fort Wayne Elect. 11..
“
25
2d Series, 6 s...........1 9 1 1 M&S
15% H unt.& Br’dTop,Con.5s.’95,A&O! ........ 106%
Franklin Mining.......
“
25 15
3d Series, 6 s..........1 9 1 6 , M&S
1
Frenohm’n’sBay L’ d.
“
5
1% Lehigh Nav. 4%s.......... 1914, Q—J 110
4th Series, 3-4-5s..... 1921, M&S
49
2d 6s, gold..................1897, J&D 108%
Illinois Steel..................
“
100, 47
5th Series, 5 s...¿ .....1 9 2 6 . M&S
9%
General mort. 4%s, g.l9 2 4 ,Q —F . . . .
9%
Kearsarge Mining—
“
25
West Va C. &P. 1st, 6 g .1911, J&J
Lehigh Val.Coal 1st 5s,g.1933,J&J 99 100
Osceola Mining..........
“
2o 24% 25
Wert’LN.C.
Consol. 6 g.1914, J&J
175%
176
Lehigh
Valley,
1st
6
s...1898,
J&D
109%
Pullman Palac® Car.
“
100
Wilm. Col. & Aug., 6s.. 1910, J&D
2d 7s............................ 1910, M&S 134
Pennsylvania Steel.. (Phila.). 100
MISCELLANEOUS.
30
25
Consol. 6 ..................... 1923, J&D| 124
Preferred H.................
“
100
Baltimore Water 5 s...1916, M&N
Newark Passenger, con. 5s... 1930 102
Quinoy Mining.........(B oston). 25 109 110
Funding 5 s . . . . m . . . . . 1916, M&N
North Penn. 1st, 7 s .... 1896, M&N 103
Tamarack Mining___
“
25, 131 132
Exohange 3%s..........1930, J&J
Gen. M. 7s........ ...........1903, J&J 124
Water Pow er.................
“ 100. •90 1-00
Virginia (State) 3s,new.1932, J&J
34
Pennsylvania gen .6s, r..l910, Var 131
Westingh. Elec. & M—
“
50, 33
Funded debt, 2-3S.....199L, J&J
52%
Consol. 6s, 0
........... 1905, Var 119%
PreL, cumulative.
“
50 52
Chesapeake G a s,6 s.....1 90 0 , J&D
Consol. 5s, r ........... ....1 9 1 9 , Var 117
Bonds—Boston.
J
Consol. Gas, 6 s . . . . . . ...1 91 0 , J&D
Gollat. Tr. 4% g .......... 1913, J&D 106
At.Tep.*S.F.10U-yr.4g.,1989, J&J * 72% 73
5 s .................. ...............1939, J&J
2d2%-4s, g., Class A ..1989, A&O * 22% 22% Pa. & N. Y. Canal,7s...1906,J&D 126
Sfluitabla itaa. !4»
10v’
.
Con. 5s........................ 1939. 4 * 0 106
Boston United Gas 1st 5 a .......... § 77% 78
Price includes overdue coupons.
t Unlisted.
&And acorn interest.
t Last price this week.
Prices of May 3.
Atlanta & Charlotte (Ball.) .100
Boston & Providence (Boston). 100
Camden & Atlantic p f. (Phila.). 50
Catawissa.... . . ..........
“
50
1st preferred..........
“
50
Central Ohio............... (Balt.). 50
Chicago & West Mich.(Boston). 100
Connecticut <& Pass..
“
100
Connecticut River ..
“
100
Consol Tract of N.J.H (Phila.). 100
Delaware&BoundBr.
“
100
Flint & Pere Marq...(Boston).100
Preferred . . . . . . . . . .
“
100
Hestonville Passeng. (Phila.). 50
Preferred 11.................
“
50
Hunt. & Broad Top...
“
50
Preferred...................
“
50
Kan. C’yFt.S. & Mem.(Boston). 100
* Preferred.......... .
“
100
Little Schuylkill........ (Phila.). 50
Mine Hill & S.Haven
“
50
Nesqueboning V a l.. .
“
50
North American Co..
“
100
North Pennsylvania.
“
50
Oregon Short L in e ...(Boston).100
Pennsylvania & N. W. (Phila.). 50
Philadel. & Erie........
“
50
Rutland......................(Boston) 100
“ 100
Preferred..................
Southern...................... (Ball.).100
Preferred....................
“ 100
West End.................... (Boston). 50
Preferred...................
“
50,
United Cos. of N. J .. (Phila.). 100,
West Jersey .................
“
50,
West Jersey &Atlan.
“
50
Western N.Y. & Penn
“
100
Wisconsin C entral...(Boston). 100
Preferred...................
“
100
Worc’st.Nash. &Roch.
“
100
Bid. As*.
91%
101
117
102
68%
31%
18%
14%
117%
125
117
102%
96
100%
100%
115
103
109
93
119%
100
114
105
103
105%
101%
91%
117%
69
32%
18%
15
103
101
109%
120%
101
115
105%
106
102%
Ì07*"
75
60
60
102%
108
109
105
107%
75
109%
113
115
116
Ì07%
78
65
66
99
107%
91%
112
114
111
101
108
91%
114
115
113
110
109%
105%
108%
80
111
114
102% jiÖ3%
104% 105%
111 1__ _
116 1........
121 ¡121%
120 1121
103% 103%
72% ! 73
59% 60
109 1109%
116%'117%
106 |106%
THE CHRONICLE
May 4, 1895.1
787
NEW TORE STOCK EXCHANGE PRICES (Continued)—ACTIVE BONDS M A Y 3 AND FOB YEAR 1895,
Closing Range (sal es) in 1895.
Miscel. B onds Inter* Price
Railroad
Perioc May 3
Lowest.
Highest.
Closing
Miscel. B onds . Inter’ ! Price Range (sal es) in 1895
Perioii May 3
Lowest.
Highest.
Amer. Cotton Oil, deh., 8g.l90( Q - F 112 b IIOI4 Feb. 113*9 Apr.
Pao. of Mo.—2d ext. 5s..193$ J & r 104 %b 103 Mar.
106*9
Jam
72%
At.Top.&S.F.—100-yr.,4g.l98i ) J & J
St.L. & Ir. M t.lst 6x^,58.189»f F & J 101*9b 100 Mar. 103% Jam
62% Mar. 73*9 Apr.
2d 3-4s. g., CL “ A ” , ........ 198i A & C 2218
2d, 7 g ............................189» I'M * h 102
16i8 Mar. 26*9 May
102
May
104
Jam
Col. Midland—Cons., 4 g .l9 4 ( F & A 26
Cairo Ark. &Texas,7g.l89» J ás I 103 *8b 97 Mar. 101 Mar.
18 Mar. 24% Apr.
53 a 44 is Jan.
Atl. & Fae —Guar., 4 g ___193r ..........
GemR’y & land gr.,5g.l93: A ás C
5050 Apr.
78*«b 74% Apr. 79*9 Jam
4
W. D. income, 6s............. 191( >J & J
2% Mar.
4 May Mobile & Ohio—New, 6 g ..l9 2 ’J' J á t l 119
Mar. 119 May
Brooklyn Elev.—1st, 6 g..l92< A & C 98 b 86 Mar. 98% Apr.
General mortgage, 4s___1938 M ás 8 66 a 115
62 Mar. 66*4 Jam
96*4
UnionJElevated.—6 g .. . . 193’i' M & >
84*9 Mar. 99*4 Apr. Nash. Ch. & St. L.—1st, 7s. 1913 J & J 131
130 Mar. 132 Feb.
Canada Southern.—1st 5s 1908 J & J 110
Consol., 5 g ..................... 1928 A & C 100
109 Jan. 111 Jam
2d, 5s................................ 191£ M & 8 103*9 IO213 Mar. 107 Jan. Nat’l Starch Mfg.—1st, 6s.1920 Más N 93 b 99 Apr. 102 Mar.
90*9 Jan. 95 Apr.
Cent.Ga.--S.&W.lstcon.5s.l92£ .......... * 50 b 50 Jan. 53 Apr. N. Y. Central—Debt ext.4s. 1905 Más N 103
b.
Mar. 104*4 Apr.
Central of N. J.—Cons.,7s.l89S Q - J * lll% a l i l i « Feb. 112 Feb.
1st, ooupon, 7s.................1903 J ás J 122 %b 102
120*9
124*4 Jam
M
&
N
114
Mar.
Consol., 7 s ....................... 1902
Deben., 5s, coup., 1884..1904 M ás S 106*4b 105*9 Jan.
121 Jan.
Apr.
109*9 Jam
General mortgage, 5 g-.-lOS'/ J & J 11338 111 Jan. 1133a May
N. Y. <& Harlem, 7s, reg.1900 Más N 115 b. 115*9 May 119*9
Apr.
Leh.&W.B.,con.,7s,as’d .l9 0 t Q -M *105 b 101% Mar. 108 Jam
R.W. & Ogd., consol., Ss.1922 A ás 0 115 b. 113*9 Apr. 119 Jam
“
mortgage5s.l912 M& N 84 b 85 Mar. 92 Jam
West Shore, guar., 4 s ....2361 J ás J 105%
Am. Dock & Imp., 5 s....1921 J & J 115 a. 111% Apr. 114*9 Jam N. Y. Chic. & St. L.—4 g . .. 1937 A ás 0 101*9 103% Feb. 105% Apr.
101*8 Feb. 104*9 Mar.
Central Pacific.—Gold, 6s. 1898 J & J 104 b 10278 Jan. 104*9 Apr. N. Y. Elevated—7s............1906 J ás J 109
107*9 Jan. 109 May
Ohee. & Ohio.—Ser. A, 6 g.1908 A <& 0 117*4b. 117 Apr. 121 Feb. N. Y. Lack. & W.—1st, 6s. 1921 J ás J *131 b. 131
Mar. 133*9 Jam
Mortgage. 6 g ................ 1911 A & 0 115*9b. 116*9 Apr. 120 Mar.
Construction, 5s............. 1923 F ás A 115 b. 113*4 Feb.
May
M
&
N
1st consol., 5 g ................ 1939
106*2 103% Mar. 109 Apr. N.Y.L.E.&W.—lst,oon.,7g.l920 M ás S 130*9 125*9 Mar. 116*4
132*9 Feb.
G eneralise, g ................ 1992 M & S 771«
2d consol., 6 g .................1969 J ás D t 66*4
69*a Mar. 77*4 May
166*4
May
56
Mar.
R. & A. Div., 1st con., 4g. 1989 J & J 93 is
9 1 Feb. 94 Jan.
Long Dock, consol., 6s,g. 1935 A ás O 126 b. 126 Feb. 131 Jam
“
2doom ,4g.l989 J & J 85 b. 86 Apr. 86 Apr. N. Y. N. H. &H.—Con. deb. ctfs A ás O 139
141
Jam
137
Jan.
Eliz. Lex,& BigSan.-5g. 1902 M & S 97 b. 95 Mar. 99 % Jan. N. Y. Ont. & W.—Ref. 4s,g.l992 M ás S 90
88 Jan. 92 Feb.
Ohio. Burl. & Q.—Com, 7s.1903 J & J 120 b. 118 Mar. 121 Jan.
Consol., 1st, 5s, g ............1939 J & D
110 Feb. 112 May
Debenture, 5s..................1913 Más N *101 b. 98*8 Mar. 101 Jam N.Y.Sus.<fcW.—lstref. ,5s g.1937 J ás J 112*ab.
107
Feb. 108 Jam
Convertible 5s.......«........ 190E M & S 101
Midland of N. J., 6s, g . 1910 A ás O 11519b. 101%
99*a Mar. 104 Jan,
Denver Division 4s........ 1922 F & A 87%b. 93*9 Feb. 96% Jan. Norf.&W.—100-year, 5s,g.l990 J ás J 61 b. 115*8 Apr. 119 Jan.
48*9 Feb. 70 Apr.
Nebraska Extension, 4 s.1927 M& N 87ifl
8678 Feb. 89 Mar. No. Pacific—1st, coup., 6 g.1921 J & J 116% 112
Feb. 117*4 Apr.
Han.& St. Jos.—Cons., 6s. 1911 M & S 115%b. 115*9 Mar. 120*8 Jan.
General, 2d, coup., 6 g.. 1933 A & O 96*9
81% Mar. 97*9 Muy
Chic.&E. 111.—1st, s. f.,6 s.1907 J & D 116 b. 114*9 Feb. 116*9 Jan.
General, 3d, coup., 6 g .. 1937 J ás D 69
49*9
Mar.
69 May
Consol., 6 g ................. . ..1934 A & 0 120 b. 121*9 Apr. 125*9 Jam
Consol, mortgage. 5 g ...l9 8 9 J ás D 36%
36% May
24 Jan.
General consol., 1st, 5s ..1937 Más N 985a
96 Feb. 1003a Apr.
Col. trust gold notes, 6s. 1898 Más N 83
84*9 May
70
Mar.
Chicago & Erie.—1st., 5 g.1982 M & N 86*9b. 77 Mar. 86*9 Apr.
Chic. & N. Pao., 1st, 5 g.1940 A ás O t 46*9 t37 Jan. 147
*4 May
24 b. 15*8 Mar. 26 May
Income. 5s.......................1982 Oot.
Seat. L. S. & E., 1st, gu.6.1931 F ás A t 50
)
50 May
t38
Feb.
Ohio. Gas L. & 0.—1st, 5 g .. 1937 J & J 95
90*9 Jan. 95 Apr. No. Pacific & Mont.—6 g ..l9 3 8 M ás S 39
39
Mav
30
Mar.
Chic. Mil. & St. P.—Con. 7s. 1905 J & J 128
125 Feb. 128 May No. Pacific Ter. Co.—6 g..,1938 J ás J
b. 96 Jan. 102 Apr.
1st, Southwest Div., 6s. .1909 J & J *115iflb. 11458 Mar. 116% Jam Ohio & Miss.—Con. s. f., 7S.1898 J & J 101
108 *4b. 107 Mar. 108 Apr.
1st, So. Minn. Div ,6 s ... 1910 J & J 117
115 Mar. 117*9 Jam
Consol., 7s....................... 1898 J ás J
*4b. 107 Jan. 108 Apr.
1st,Ch.&Pao.W.Div.,5s.l921 J & J 112 iab. 109*9 Feb. 112% Mar. Ohio Southern—1 st,6 g ... 1921 J ás D 108
91
90 May 96 Jam
Chic. & Mo. Riv. Div., 5s. 1926 J & J *10531b. 104 Feb. 105*9 Jan.
General mortgage, 4 g ...l9 2 l Más N 44*9
Wise. & Minn., Div., 5 g.1921 J & J ‘ 108 b. 107*4 Jan. 109*9 Feb. Omaha & St. Louis—4 g . .. 1937 J ás J t 40*sb. 40 Mar. 52*4 Apr.
135
J am t40*8 Apr.
Terminal, 5 g ...................1914 J & J 110 b. 108*9 Feb. 110% Apr. Oregonlmpr. Co.—1st, 6 g.1910 J ás D 100 b.
97 Jam 100*9 Mur.
Gen. M., 4 g., series A ... 1989 J & J * 90%a. 87 Feb. 90 Apr.
Consol., 5 g ......................1939 A ás 0 49
47
Apr.
55 Mar.
Mil. &Nor.—1st, con., 6s. 1913 J & D 119ia 116 Jan. 120 Feb. Ore. R.& Nav.Co.—1st, 6 g.1909 J ás J *109*9b.
Jam 110 Apr.
Chic. &N. W.—Consol.,78.1915 Q—F 138
Consol., 5 g ......................1925 J & D t 90 a. 106%
138 May 143% Jam
t73
Jam
190%
Apr.
Coupon, gold, 7 s ............1902 J & D 121 %b. 120 Apr. 123% Feb. Penn. Co.—4*9 g., ooupon. 1921 J ás J 112 b.
Sinking fuad, 6s............. 1929 A & 0 115 a. 120 Jan. 120 Jan. Peo. Deo. & Evansv. —6 g.1920 J ás J 100 b. 109*9 Jam 112*4 Apr.
92
Feb.
97*9
Apr.
Sinking fund, 5s............. 1929 A & 0 106 *«b. 10658 Apr. 110% Jan.
Evansv. Division, 6 g . . . 1920 M ás 8 99 b. 93 Mar. 97*9 Jam
Sinking fund, deben.,5s.l933 M & N 107ifib. 106*9 Jan. 110 Jan.
2d mortgage, 5 g............. 1926 Más N
25-year debenture, 5 s ... 1909 M & N IO514 10458 May 108 Jam Phila. & Read.—Gen., 4 g. 1958 J ás J 30*9b. 25 Feb. 33% Apr.
76*4
67*4 Mar. 77 Apr.
Extension, 4s.................. 1926 F & A 9878b. 98*s Mar. 102*4 Feb.
lstp ref. income, 5 g.......1958
32
18% Mar. 32*4 May
Chio.R.I.&Pao.—6s., coup. 1917 J & J 129
126 Jam 129 May
2d pref. income, 5 g .......1958
18*9
9% Mar. 19 May
Extension and col., 5s... 1934 J & J IO213 100 Feb. 103 Jam
3d pref. income, 5 g ___.1958
.
14*4
6*9 Mar. 14*4 May
30-year debenture, 5 s... 1921 Mât g 91
88 Mar. 91% Jam Pittsburg & Western—4 g.1917 J ás J 81 b. 80
Apr. 84*9 Jam
Chic. St. P. M. & O.—6 s,...1930 J & D 127
122 Feb. 127 Mar. RioGr. Western—1st, 4 g.1939 J ás J
63 Jam 72% May
Lleveland & Canton.—5 s.. 1917 J & J 85 b. 82 Feb. 87*9 Apr. St. Jo. & Gr. Island—6 g ..l9 2 5 Más N 72*9
57 b. 151 Feb. t 59*9 Jam
L. 0. 0. & I.—Consol., 7 g.1914 J & D
122 Jan. 122 Jam St. L. & San Fr.—6g.,CLB.1906 Más N 114 a. 111% Apr. 115 Mar.
General consol., 6 g . . : . .1934 J & J
6 g., Class 0 ..................... 1906 Más N *113 *9b. 112 Apr. 116 Jam
119 Feb. 123 Apr.
0.0.0.&St.L.—Peo.&E., 4s.l940 A & 0 77 b. 74 Mar. 78 May
General mortgage, 6 g.. 1931 J ás J 107*« 102 Jam 108 Apr.
Income, 4s....................... 1990 April.
18 b. 17 Apr. 18 Apr.
Cons. guar. 4s, g .............1990 A ás 0
50
49 Mar. 54 Jam
Col. Coal & Iron.—6 g .......1900 F & A 95
93 Jan. 95 Jam St. L. So. West.—1st, 4s, g.1989 Más N 71*4
62 Jam 74*4 Apr.
OoLH.Val.&Tol.—Con.,5 g.1931 Más S 93
2d, 4s, g., inoome............1989 J ás J 28*9
86*9 Mar. 94 May
16% Jam
29 Apr.
General, 6 g ..................... 1904 J & D 97
88 Jan. 97% May St.P.M. &M.—Dak. Ex., 6 g. 1910 Más N 115 b. 117%
119% Jam
Denver & Rio Gr.—1st, 7 g. 1900 M & N 112i8b. 11438 Feb. 115*2 Apr.
IstoonsoL, 6 g ................ 1933 J ás J 118%b. 115*9 Feb.
Mar.
120
Jam
1st consol., 4 g................ 1936 J & J 85
79 Jan. 8538 May
“
reduced to 4*9 g .. J ás J *102 b. 100*4 Jam
Jam
Dul. So. Sh. & Atl.—5 g .. .1937 J & J 85 b. 90 Feb. 99*9 Jam
Montana Extension, 4 g.1937 J & D 87 b. 84*9 Apr. 102*9
87*9
May
Ft. W.&Denv.City.—6 g . 3921 J & D 71
65 Feb. 74*4 Jan. San Ant.& A.P.—lst,4g.,gu.,’43 J ás J 61%
52 Jam
62 May
Gal.H.&SanAn.-M.&P.D.lst,5g M & N 9014
90 May 93*4 Apr. Sav. Fla. & West.—Ist,6 g .l934 A ás O
112
Jam
117
Jan.
Gen. Electric, deb. 5s, g ... 1922 J ás D 90
87 Jan. 93*9 Jan. So. Car. & Ga.—1st,5 g...,1 9 1 9 Más N 95 b.
Jam
98 Jam
Hous.dc T. Cent.,gen. 4s,g. 1921 A & 0
6414b. 61 Feb. 65*4 Apr. 80. Pacific, Ariz.—6 g.. 1909-10 J ás J * 88*ea. 95*9
86 Mar. 89*9 Jam
Illinois Central.—4 g ........ 1952 A & O 100 b.
So. Paoiflo,Cal.—6 g . . . . 1905-12 A ás 0 110 b. 109*9 Jam 111 Feb.
4s, g .................................. 1953 M ás N 98
1st consol., gold, 5 g .......1937 A ás 0
98 Jan. 100 Apr.
89 b. 89 Feb. 92 Apr.
Int. & GreatNor.—1st, 6 g.1919 Más N 116i4b. 117 Feb. 119*9 Apr. So. Pacific, N. M.—6 g .......1911 J ás J 100
2d4-5s..............................1909 M & S 7178b. 67*9 Mar. 72 Apr. Southern—1st cons, g., 5s.1994 J ás J 91*9b. 99*9 Jam 102*9 May
91% May
84*9 Jam
Iowa Central.—1st, 5 g ....l9 3 8 J ás D 87 b. 84*4 Mar. 88 May
E. Tenn. reorg. lien4-5s. 1938 Más 8 86
79*9 Feb. 86 May
Kings Co. Elev.—1st, 5 g ..l9 2 5 J & J 76 a. 68 Jam 73 Apr.
E. T. Y. & G.—1st, 7 g ...l9 0 0 J ás J 112*9 111*9 Feb. 112% Mar.
Laclede Gas.—1st., 5 g ___1919 Q - F
94
Con. 5 g ......................... 1956 M <Sj N 104% 102*4 Feb.
90*9 Feb. 95 Jan.
Apr.
Lake Erie & West.—5 g.. . . 1937 J ás J *116*2b. 112*9 Jan. 116 Mar.
Georgia Pao. 1st 5-6s, g.1922 J ás J 108 b. 107*9 Mar. 106*9
111 Jam
L.
Shore.—Com op., 1st, 7Js.1900
& J »11658b. 116 Apr. 118 Jan.
Knoxv. & Ohio 1st 6s, g.1925 J ás J 114 a. 111*9 Mar. 114 Feb.
Consol, coup., 2d, 7s.......1903 J & D
123 Mar. 123*9 Feb.
Rich. &Danv. oon. 6s, g.1915 J & J 119*4b. 118 Jam 120 Mar.
Longlsland.- 1st con., 5 g. 1931 Q—J 119 b. 117*4 Jan. L19*9 May
West.No.Car.lstoom6s,gl914 J ás J *111 b. 109 Feb. 112 Jam
General mortgage,4 g .. 1938 J & D 97 b. 95% Feb. 97 Jam TenmC. I. &Ky. Ten.D.,lst,6 g A ás O 84
77 Jan.
84*9 Apr.
Louis. & Nash.—Cons., 7s. 1898 A & 0 10714b. 107 Apr. 110% Mar.
Birmingham Div., 6 g.,.1917 J ás J
78 Mar. 86 Apr.
N.O. & Mobile, 1st, 6 g.,1930 J & J 116 b. 115*9 Feb. 120 Jam Texas & Paoiflo- 1st, 5 g..2000 J ás D 86
897
8
83*9 Jan.
90 Apr.
“
“
2d, 6 g .. 1930 J & J -102 b. 103 *9 Mar. 104 Jam
2d, inoome, 5 g ................2000 Maroh
27%
28 Apr.
General, 6 g .....................1930 J & D »114 b. 114 Feb. 117 Jan. Tol. Ann Ar. & N. M.—6 g.1924 Más N *f 80 b. 21*9 Jan.
Mar. 182 Jam
Unified, 4 g ................... 1940 J & J 79i«b. 71*9 Mar. 80 May Toledo & Ohio Cent.—5 g.1935 J ás J *109 b. t76
107*9
Feb.
109*4
Jam
Nash. FI. & Sh.-lst,gtd.,5 g.’37 ? & A 81 b. 79 Jam
85 Jam Tol. St. L. <fc Kan. 0.—6 g ..l9 1 6 J ás D 66 b. 57 Feb. 65*9 May
Kentucky Central.—4 g. 1987 I & J 83 b. 83 Jan.
85 Feb. Union Paoiflo—6 g ............. 1898 J ás J 104% 102*9 Mar. 106 Jam
Louis. N. A. & Oh.—1st.,6s. 1910 J & J 111 b. 106 J an. L12 Apr.
Ext. sinking fund, 8....... 1899 M ás S 94
89 Mar. 98 Jam
Consol., 6 g ......................1916 A & 0 100 laa. 93*9 Feb. 100% May
Collateral trust, 4*9.......1918 M ás N f 42 a. f 39 Apr. t41 Jan.
Louis. St. L. & Texas.—6 g.1917 F ás A 56 b. 55 Feb. 56 Mar.
Gold 6s, col. trust notes. 1894 P & A 92
83 Feb. 92*9 May
Manhattan consol. 4s........ 1990 A & O 100i8b. 96 Jam 100 May
Kan. Pao.-Den. Div., 6 g.1899 Más N 107 b. 103*9 Mar. 108 Jan
Metro. Elevated.—1st, 6 g.1908 J & J 121 b. L18 Jan. 121*9 Apr.
1st oonsol., 6 g ............. 1919 Más N 70*9
62 Feb. 78 Jam
2d, 6s................................1899 Más N IO6I4 106 May 109 Feb.
Oregon Short Line—6 g,.1922 F ás A 94
88 Jam
94 May
Mich. Cent.—1st, cons., 7s. 1902 Más N 11658b. 11858 Apr. 121*8 Jam
Or.S.L.&Ut’hN.—Con.5g.1919 A ás 0
45
39
Feb. 49 Jam
Consol., 5s.......................1902 Más N 107 b. L08*4 Jam [09*9 Apr.
U.P.Den.&Gulf,eon., 5 g.1939 J ás D 37%
32 Feb. 39% Jam
MIL LakeSh.&W.—1st, 6 g.1921 Más N 127ifl
l27*s May 131
Feb. U. S. Cord.—1st 00L, 6 g.,1924 J ás J 55
50 Feb. 64 Jan.
Extern & Imp., 5 g..........1929 F & A 110 b. 109 Apr. L15 Jam Virginia Mid.—GemM., 58.1936 Más N 94*9b.
94 Mar. 96*9 Jam
Mo. K. & E.—1st 5s, g., gu. 1942 A & 0
81 Jam
87% May Wabash—1st, 5 § . . . . . ........1939 Más N 104% 104*8 May 107 Apr.
877s
M. K. & Texas.—1st, 4s, g. 1990 I ás D 853a
2d mortgage, 5 g............. 1939 F ás A 71%
79% Feb. 85*2 May
63*4 Feb. 71% Apr.
2d, 4s, g ........................... 1990 F ás A 58*9
44 Feb. 59*9 Apr. West. N. Y. & Pa.—1st, 5 g.1937 J ás J 106% 102*4 Jam 107 May
Mo. Pae.—1st,con., 6 g ....l9 2 0 Más N 94 b. 83 Mar. 95 Jam
2d mortgage trust reots.1927 A ás 0 t 30 b. 23*9 Jam t31 Apr.
3d, 7s...............................1906 JMás N 105 b. 103 Mar. 108 Mar. West. Um Tel.—CoL tr. 5s. 1938 J ás J 109
106 Jam 109*4 Apr.
Pac. of Mo.—1st, ex., 4 g. 1938 F ás A 100 b. 100*9 Mar. 104 Jam Wise. Cent. Co.—1st, 5 g.,1937 J ás J t 55*8
44 Mar. 56 May
N o t e .— “ b ” indicates price bid ; “ a ” price asked ; the range is made up from actual sales only. * Latest price this week, t Trust receipts.
R ailroad
and
and
NEW YORK STOCK EXCHANGE PRICES—(Continued).—INACTIVE BONDS— MAY 3 .
SECURITIES.
Bid. Ask.
Railroad Bonds.
(Stock Exchange Prices.)
Albawna Mid.—1st, g., guar.. 1928
A. T. & 8. F —3d, 4s, Class B.1989
Chicago & St. Lou.—1st, 6 s.1915 *i06
*101. Mid. let, g., os...............1936
74
Atl. * Pac.—2d W. D., gu. 6s,.1907
Balt. & Ohio—1st, 6s, Park B.1919 *115
SECURITIES.
Baltimore & Ohio—( Oon.)
5s, g o ld ...... ........................1925
uons. mort., gold, 5 s........1 9 8 8
W. Ya. ds Pitts.—1st, g.. 5s.. 1990
88
B. <Ss O. S. W., 1st, g., 4*98... 1990
Monon. River, 1st g.,g. 5 s...1919
Oent’lOhio Beor.—1st, 4*38.1930
80
Ak.ds Ch. June.—1st,g,5s,gu. 1930
Brooklyn Elevated—2d, 5 s ...1915
........ Brunsw ok & W’n—1st, g. 4s, 1938
Bid. Ask.
*
103%
101
*68%
110
......
SECURITIES.
Bofl. Rt ch. & Pitts.—Gen., 5S.1937
Roch. » P., 1st, 6s...............1921
Rooh. & Pitts.—Cons. 1st, 6s. 1922
Burl Ced. Rap. & No.—1st, 5S.1906
Consol. & collat. trust,5s... 1934
Minn* & St. L.—1st, 7s, g u ..l9 2 7
Iowa C. & West.—1st, 7 s....1909
Ced. Rap. I. F. & N., 1st, 6S.1920
........ C.Ohio—Col. <fcOin.M.lst.4*«8.1939
Bid.
95
*122
118
107
100
95
Ask,
......
119
ib’f "
98
THE CHRONICLE
788
V o l . LX.
MEW CORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—('Continued)—M A Y 3.
SECURITIES,
Bid.
Ask.
OO;
Gent. HR. & Bank.—Col. g,5 b. 1937 *90
Cent, of Ñ. J.—Conv. deb., 6s.1908
Central .Pacific—Gold bds, 6s, 1895 102
Gold bonds, 6s.................... .1896 1021*
Gold bonds, 6s......................1897 103
San Joaquin Br., 6s..............1900 1041*
Mort. gold 5s......................... 1939
Land grant, 5s, g.................. 1900 95
Cal. A O . Div., ext., g. 5 s .-.1918 ’104
West. Pacific—Bonds, 6s__ 1899 105
Ño. Railway (Cal.)—1st, 68.1907
89
50-year 5s......................... 1938
Ches. A O.—Pur. M. fund, 6s. 1898 1071*
Craig Valley—1st, g., 5s__ 1940
Warm Spr. Val., 1st, g. 5 s ..1941
Caes. O. & So. West.—1st 6s, g.1911
60
2d, 6s................................. ..1911
Oh. V.—Gen.oon.lst,gu.g,5s.l938
Oaieago & Alton—S. F., 6s___1903 114
Louis. A Mo. River—1st, 78.1900 1131«
2d, 7s...................................1900 104
St. L. Jacks. & Chic.—2d, 7S.1898 1071«
M lss.R. Bridge—1st, s. f., 6s.1912 ’ 106
Oh . Burl. A Nor.—1st, 5 s ....1926 104
Debenture 6s................
1896 *95
Ch o. Burling. & Q.—5s, s. f.,1901 102 105
lo va Div.—Sink, fund, 5 s ..1919 105
Sinking fund,4s.................1919 97
^ain, 4s................................. 1921 *871«
102
Chic. & Indiana Coal—1st 5s. 1936
Chi. MU. A St. P.—1st,8s,P.D. 1898 112 112>*
118
*d, 7 3-10s, P. D .................. 1898
1st, 7s, $ g., R .D .................. 1902 123 1231«
116
1st, I. & M., 7s......................1897
1st, I. & D., 7s......................1899 116
1st ,0. A M .,78......................1903 1231«
1st, I. A D. Extension, 7s. ..1908 129 1291*
1st, La C. A Dav., 5 s...< ....1 9 1 9 106 108
1261«
1st, H. A D .,7 s.................... 1910
106
1st, H. A D., 5s.................... 1910
Chicago A Pacific Div., 6 s ..1910 1171*
Mineral Point Div. 5s.......... 1910
0. & L. Sup. Div., 5s............1921
Pargo A South., 6s, A ssu ...l9 2 4
Xuo. conv. sink, fund, 5 s .... 1916
Dakota A G t. South., 5 s....1916 106 108
MU. & Nor. mainline—6 s ... 1910 117 118
G aio. ANorw.—30-year deb. 58.1921 1051« 107
Escanaba A L. S. 1st, 6 s....1901 1121«
Des M. & Minn.—1st, 7 s ....1907
Iowa Midland—1st, 8s........ 1900 ’117
Peninsula—1st, oon v.,7 s...l8 9 8
Ohio. & Milwaukee—1st, 7s.1898 1100s
Win. A St. P.—2d, 7s............1907 125
MU. A Mad.—1st, 6s............1905 1131«
Ofct. O. F. & St. P.—1st, 5 s .-1909
Northern IU.—1st, 5s..........1910
Ch.R.I.&P—D.M.&F.D.lBt 48.1905
1st, 2%s.............................. 1905
59%
Extension, 4 b................. ..1905
Ksokuk & Des M.—1st,5s.. 1923 97
99
Chic. St. P. & Minn.—1st,6 s...1918 124
et. Paul AS. C.—1st, 6s.......1919 125 126
Ohio. A W. Ind.—1st, s. f., 6s. 1919 104
General mortgage, 6s.......... 1932 116% 117
Gin Ham. A D.—Con. s. f., 7s. 1905 115
2d, gold, 4i*s.................. 1...1937 981«
Oin. D. A Ir’n—1st, gu. 5s, g.1941 100
Clev. Ak. A Col.—Eq. A 2d 6s. 1930
C.C.C. A St. L., Cairo div.—4s, 1939
Bt.Lou.Div.—Istool.ts,t4s,g.l990 *89
Spring. ACoLDiv.—1st,g. 4s. 1940
Whitew.Val.Div.—lst.g. 4s. 1940
89
Oin.Wab.AM.Div.—Ist,g.4s.l991
Oin. I. St. L. A 0.—1st,g.,48.1936 95 "97"
Consol, 6s..............................1920
Oin. San. ACL—Con. 1 st,g. 5s, 1928
ib’é"
1. Ccl .Cm. A Ind.—1st, 78,8.1.1899 1101*
Consol, sink, fund, 7s.......... 1914
Oln.ASpr.—1st,C.C.C.AI.7S. 1901
115
Cleve. Lorain A Wh.—1st, 5s.1933 106 107
Oleve A Mah. V.—Gold, 5s.. . 1938
Del. Lack. AW .—Mort. 7 s .... 1907 1291*
Syra. Bing. A N. Y.—1st, 7s. 1906 127
Morris A Essex—1st, 7s___1914 139 141
Bonds, 7s............................ 1900 1161« II 71*
7s of 1871...........................1901 1161«
1st, oon., guar., 7s............1915
1401«
Warren -2d, 7 s .................... 1900 ’114
>.AH.Can.—Pa. Dlv.,ooup.7s.l917 143 1451«
Albany A Susq.—1st, gu.,7s.l906
128
1st, cons., guar., 6s........ ,1906
119
Reus. A Bar.—1st, coup., 7S.1921
Denver City Cable—1st, 6 s...1908
Denv. Tramway—Cons. 6s, g. 1910
Metropol. Ry.—lst,gu. g.6s.l911
Denv. A R. G.—Imp., g., 5 s ...1928 ‘ 80
Det. Bay C. A Alp.—1st, g.,6s .1913
Det.M. AM .—L. g. 3%s,ser.A. 1911 *24
26
•ututh A Iron Range—1st Ss.1937 *931« 95
Erie -1st, extended, 7s.......... 1897 105
21, extended, 5s....................1919 ’1141«
3d, extended, 4%s.................1923 1C7 108
4th, extended, 5s.................. 1920 114
5 th, extended. 4s.................. 1928 101 Í’0’2 ’
1st, con., g., f’ d, 7 s ..............1920
Reorg., 1st lien, 6s............... 1908 103 106
B. N. Y. A E.—1st, 7S.......... 1916 133
W.Y.L.E.AW—Fnd.oou. 58.1969
Col. trusty 6s....................... 1922 100 UÔ’
Buff. A S. W.—Mortg. 6s___1908
Í Jefferson—1st, gu. g. 5 s ___1909 1011*
Goal A RR.—6s...................1 9 2 2
Dook A Im pt.,lst6s, cur’cy.1913
Eureka Springs—1st, g., 6 s ...1933
E rans. A T.H.—1st,cons.,6s.. 1921 105
1st, general, g., 5 s ................1942
Mt. Vernon 1st 6 s ................1923
E. AT.H.—Sul. Co.Br. 1st,g. ,5s. 1930
Ev. ARich.—1st gen.5s,g.gu.l931
Evans. A Indian.—1st, cons..1926
95
Flint A P . Marq.—Mort., 6s. ..1920 110
1st oon. gold, 5s ...................1939 *82
85*
Fort Huron—1st. 5s ........1 9 3 9
871*
SECURITIES.
Bid.
Ask.
Pia. Cen A Pen.—ls t g . 5 s ....1918 T05
1st con. g., 5 s ....................... 1943
n . Worth A R. G.—1st g., 5 s..1928 *58* 62
Gal. Har. A San Ant.—1st, 68.1910
10*0*
2d mort., 7s...........................1905
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Ga. So. A Fla.—1st, g. 6s........ 1927
32*
Grand Rap. A Ind.—Gen. 5s.. 1924
G. B. W. A St. P.—1st, con. 5S.1911 '48
*6*
2d ine. 4s............................... 1906
Housatonic—Cons, gold 5 s .... 1937 120
N . HavenADerby, Cons.5s..l918 113
Hous. AT. C.—Waco A N. 7S..1903 110
1st g., 5s (int. gtd)............... 1937 ’106
Cons. g. 6s (int. gtd)............1912 100 103
Debent. 6s, prin. A int. gtd.1897 80 100
Debent, 4s, prin. A int. gtd.1897
Illinois Central—1st, g., 4s ...1951 110
1st. gold, 31*8....................... 1951 100
Cairo Bridge—4s...................1950
Springf. Div.—Coup., 6s....1898 Ì03%
Middle Div.—Reg., 5s..........1921 111
O. St. L. AN. O.—Ten. 1.,78.1897 106
1st, consol., 7s....................1897 106
2d, 6s...................................1907 ’ 118
Gold, 5s, coupon............... 1951 ’118
Memp. Div., 1st g. 4s.......1951
Ced. Falls A Minn.—1st, 7s..1907 120"" 140
Ind. D. A Spr.—1st 7s, ex. op.1906
Ind.D.AW.—1st 5s, g.,tr.rec..l947
2d, 5s, gold, trust receipts.. 1948
Ind. Ills. A Iowa.—1st, g, 4s.. 1939 84
85%
Int. A G. N’n —3d, 4s, g .......1921
27% 30
Kings Co.-F.El.,lst,5,g.,gu. A. 1929
76
Lake Erie A West.—2d g., 5s.1941 1041* 1043g
L. S. AM.SOU.—B.AE.—New 7s.’98 TO8I4
Det. M. A T —1 st,7s............1906 '124
Lake Shore—Div. bonds, 7s. 1899 ' 110 %
Kal. All. A G. R.—1st gu. 5S.1938 113
Mahon’g Coal RR.—1st, 5s. 1934 1151«
LehighV..N.Y.—1st gu.g.4%s.l940 101 %
Lehigh V.Term.—1st gu. 5s,g. 1941 '108
Lehigh V’y Coal—1st os,gu.g. 1933
IAtchf. Car. A West.—1st 6s. g.1916
Little Rock A M.—1st, 5s, g ..l9 3 7
Long Island—1st, 7 s ............... 1898 1071« 108%
Ferry, 1st, g., 4 % s ..............1922
95%
Gold 4s...................................1932
N. Y. A R ’way B.—1st, g. 58.1927 100
2d mortg., ino.................... 1927 371« 43
N.Y.AMan. Beach.—1st, 7s, 1897
N. Y.B. AM.B.—1st con. 5s,g.l935 '102 104*
Brookl’n AMontauk—1st,6s. 1911
.........1 9 1 1
1st 5s .........
105%
No. Shore Br.—1st con.5s,g,1932
L04
Louis.Evans. A St. L.—Con.5s.1939 39
Louis. ANash.—Cecil. Br. 7s..1907 ’106
E. H. A Nash.—1st 6s, g ....l9 1 9 II 31*
Pensacola Division, 6s........ 1920 104 109
St. Louis Division, 1st, 6s... 1921 '120
2d 3s .. . . . .. . . . .....1 9 8 0 *63
Nashv. A Decatur—1st, 7s.. 1900 112 113%
S. f.,6s.—S. A N. Ala.............1910 T05
10-40, gold, 6s......................1924 1001 «
50-year 5s, g.,....................... 1937 90
Pens. A At.—1st, 6s, gold. ..1921 101
Collât, trust, 5s, g ..........1 9 3 1 *99
Lou.N. Alb. ACn.—Gen.m.g.5s,1940 71% 72
Manhattan Ry.—Cons. 4s.......1990 1001« 100%
Memphis A Chari.—6s, gold.. 1924
1st con. Tenu lien, 7s.........1915
Mexican Cent. Consol.—4s, g.1911
1st, cons, income 3s, g........ 1939
Mex. International—1st, 4s,g. 1942 70
Mexican National—1st, g., 6s.1927 *991«
2 d ,income, 6s, “ A” . . . . ....... 1917
35
2d, income, 6s, “ B ” ............ 1917
Michigan Central—6s..............1909 ’110
1931
Coupon, 5s.............
Mortgage 4s...........................1940 ’ i o o "
Bat. C. AStrgis.—1st,3 s,g. gu. 1989
Mil. L. S. AW.—Conv. deb., 5s. 1907 i b i " 107
Mich. Div., 1st, 6s.................1924 ’1251*
Ashland Division—1st, 6s ..1925 ’ 1241«
Minn. A St. L.—1st, g. 7s........ 1927 136
Iowa Extension, 1st, 7s.......1909 123 125
Southwest Ext.—1st, 7s...... 1910 120%
Pacific Ext.—1st, 6 s ............1921 118
Minn. A Pao,—1st mortg., 5s.1936
Minn.St.P.AS.S.M—1st o.g,48.1938
Missouri Kansas A Texas—
Mo. K. AT.of Tex. lst.gu. 5s.g. 1942 80
81
Kansas City A P., 1st,4 s,g..1990 70
74
Dal. A Waco—1st. 5s, gu..,.1940 79
82
Missouri Pacific—Trust 5s. ..1917 70
78
1st coll., 5s, g ......................1920
St L. Al. M.-Ark.Br.,lst, 78.1895 103** 104
Mobile A Ohio—1st ext., 6s...1927 '113
St. L. A Cairo—4s, guar.......1931
Morgan’s La. A T.—1st, 6 s.... 1920
1st 7s.. rnmmmmm
1918 123% 128
Nash*. Chat. A St. L*.—2d, 6 s ..1901
N. O. A. No. E.—Pr. 1., g., 6s..1915 105
N. Y. Central.—Deb. g. 4 s .... 1905 104 105*
N. J. June—Guar. 1st, 4 s ...1986 100
Beech Creek—1st, gold, 4 s ..1936 ’105
Osw. A Rome—2d, 5s, g.,gu.l915
Utica A Bl. Riv.—4s, g., gu.1922 104
N. Y. A Put.—1st, g., 4s. gu.1993 100 102 %
N. Y. N. H. A H.—1st, r e « . 4 s.1903
N. Y. A Northern—1st, g. 5s.. 1927 116
N. Y. Susq. A West.—2d, 4% s.l937 82
Gen. mort., 5s, g .................. 1940 *85
90
N. Y. Tex. A Mex.—lst,4s,gu.l912
North’n Paoiflo—Divid’d scrip ext. ‘ 30
James River Val.—1st, 6s...1936
72
Spokane A Pal.—1st, 6s.......1936
St.Paul AN . P.—Gen., 6 s ..1923 ’115
HelenaARedM’n—lst,g., 6s.1937
DuluthAManitoba—lst,g.6sl936 78
Dul.AMan Dak.Div.—Ist6s.l937 *78
Cœur d’Alene—1st,6s, gold. 1916
Gen. lst,g., 6s....... ............1938
Cent. Washington—1st,g.,6s. 1938
SECURITIES.
Bid.
Norfolk A South’n—1st, 5s,g.l941
Norfolk A West.—General, 6s. 1931
New River 1st, 6s................ 1932
Imp. A Ext., 6 s ...................1934
Adiustment M., 7 s...............1924
Equipment, 5 s . . . . . . . . ...........1908
Clinch Val. 1st 5s.................1957
RoanokeASo.—lst,gu. 5s, g.1922
Scioto Val. A N. E.—1st,4s,.1990
Ohio A Miss—2d consoi. 7s. ..1911
Spring.Div.—1st 7s...............1905
General 5s........................1 9 3 2
Ohio River RR.—1st, 5s..........1936
Gen, g .,5 s.............................1937
Oregon A Califor.—1st, 5s, g.1927
Oreg. Ry ANav.—Col.tr. g..5s,1919
Penn-P.C.C.ASt.L.Cn.g.4%sA1940
Do
do
Series B ........
P.C.AS.L.-lst,0.,7s............... 1900
Pitts. Ft. W. A 0.—1st, 7s... 1912
2d, 7 s ................................. 1912
3d. 7s
1912
Ch.St.L. AP.—i*st,"con"5s',g." 1932
Clev. A P.—Cons., s. fd., 7s. 1900
Gen. 4%s, g., “ A” ............ 1942
St. L.V. A T .H .—1st,6s.,78.1897
2d, 7s...................................1898
2d, guar., 7s.......... ...........1898
Gd.R. AI.Ext.—lst,4%s,G.g. 1941
Peo.AE.-Ind.B.AW.-lst,pf.78.1900
Ohio Ind.AW.—Istpref.5s..l938
Peoria A Pek. Union—1st, 68.1921
2d mortg., 4%s......................1921
Pitts. Cleve. A Tol.—1st, 6s... 1922
Pitts. A L. Er.—2d g. 5s, “ A” . 1928
Pitts. Mo. K. A Y.—1st 6s___ 1932
Pitts. Painsv. A F.—1st, 5 s ... 1916
Pitts. Shen. A L.E.—1st,g.,5s.1940
1st consol. 5s......................... 1943
Pitts. A West.—M. 5s, g.1891-1941
Pitts. Y’gst’nAA.—1st, 5s,oon.l927
Pres. A Ariz. Cent.—1st, 6s, g.1916
2d inoome 6s......................... 1916
Rio Grande So.—1st, g., 5 s ... 1940
St. Jos. A Gr. Is.—2d ino........ 1925
Kan. C. A Omaha—1st, 5s.. 1927
St. L. A. A T. H .-T erm . 5 s ..1914
Bellev. A So. 111.—1st, 8 s ...1896
Bellev. A Car.—1st, 6s.........1923
Chi. St. L. APad.—1st,gd. g. 5 s 1917
St. Louis So.—1st, go. g. 4s. 1931
do
2d income ,5s.1931
Car. AShawt.—1st g. 4 s ....1932
St. L. A S. F.—2d 6s,g., cl. A .1906
General 5s..............................1931
1st, trust, gold, 5s.............. 1987
Kan. City A 8.—1st, 6s, g.,.1916
Ft. 8. A V. B .B g ,-1 st, 6 s ... 1910
Kansas Midland—1st, 4s, g.1937
St. Paul A Duluth—1st,5 s ..-.1931
2d mortgage 5s......................1917
St. Paul Minn A M.—1st, 7s.. 1909
2d mort., 6s................ .......... 1909
Minneap. Union—1st, 6s___1922
Mont. Cen.—1st, guar., 6s.. 1937
1st guar. g. 5s...................1937
East. Minn., 1st div. 1st 5s.l9p8
WilmarA8iouxF.—1st, g,5 s. 193 5
San Fran. A N. P.—1st, g., 5s.l919
Southern Railway—
Alabama Central—1st 6 s ... 1918
Atl. A Char.—1st, pref., 7s.. 1897
Inoome, 6 s............... .....1 9 0 0
Colum. A Green.—1st, 5-6S.L916
E. I'ean. V. A Ga.—Dins.5s 1930
Rich.A Dan.—Eq. s. f. g. 5s. 1909
Deben. 5s, stam ped........ 192 7
Vlr’ a Mid.—Serial ser.A, Os. 1906
Series B, 6s........................ 1911
Series 0 ,6 s ......................... 1916
Series D, 4-5s .....................1921
Series E, 5 s .................... ..1926
Series F, 5s......................... 1931
Wash.O. AW.—1st our.gu.48.1924
Ter.RR.As’n of St.L.-1st,4%s. 1939
Texas A New Orleans—1st,7s. 1905
Sabine Division, 1st, 6s.......1912
1943
Consol. 5s, g ...............
Tex. A Pac., E. D.—1st, g. 6s. 1905
Third Avenue (N.Y).—1st 5s, 1937
Tol. A. A. A Cad.—6s............... 1917
Toledo A. A. A G ’dTr.—g. 6s.1921
Tol. A. A. A Mt. Pi.—6s.......... 1919
Tol. A. A. A N. M.—5s, g........ 1940
T.AO.C.—Kan. A M., Mort. 4s,1990
Tol. P. AW.—1st 4s,ino.f’d.oou. J uly
Ulster A Del.—1st, con.,6.,5s. 192»
Union Paoiflo—1st, 6s...... ....1 8 9 6
1st, 6 s.....................................1897
1st, 6s.................................... 1899
Collateral Trust, 6s..............1908
Collateral Trust, 5s___.....1 9 0 7
K&nsas Paoiflo—1st 6s, g ...l8 9 5
1st, 6s, g ..............................1896
O. Br. U. P - F . 0., 7s.......... 1895
Atoh. Col. A Pao.—1st, 6s... 1905
Atch. J. Co. A W.—1st, 6s... 1905
U.P. Lin. A Col.—1st,g., 5s. 1918
Oreg.S.L.AU.N.,col.trst.,5s.l919
Utah A North.—1st, 7s........ 1908
Gold, 5 s .............. . ............ 1926
Utah Southern—Gen., 7s ..1909
Exten., 1st, 7s...................1909
Valley R’y Co. of O.—Con. 6s.1921
Wabash—Debenture, Ser. A .. 1939
Debenture, Series B ............ 1939
Det. A Unio. Ext. 1st, 5s, g ..l9 4 0
No. Missouri—1st. 7s.......... 1895
at L.K.C.AN —R.E.ARR.7S.1895
St.CharlesBr’ge—1st,6s... 1908
West Va. C. A Pitts.—1st, 6 s.1911
Wheei.AL.E.—1st. 5s, g o ld ...1926
Extension A Imp, g., 5s.......192 0
Wis. Cent, in com e5 s... . . . . . . 1937
T02%
116
109
75
Ask.
55
75
115
102
107%
107%
115
114
116%
130%
1068s
107
103
113%
ÏÏÔ"
69
83
70
97
78*
8%
105
103
113%
93%
76% 81%
100
102
112 %
102 %
115
119%
114% 116
100 101%
’ 100 %
T02
T05
105
112
*95
120
92%
90
*68 *
120
*80
7/
71
103%
104%
104%
105
97
75
105
106
56
38
30
35
24
100
" 60*
60
78
104%
104%
105%
40
■25*
84
80
' No prioe Friday; these aretne latest quotations made this week, ifo r L flia o e ila n e o u « a n d U n lis te d B o n d » . —See 3d page preceding
May 4, 1895.]
THE CHRONICLE.
I m t e s ir a m i
Roads.
R a ilr o a d In te llig e n c e .
The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con
tains extended tables o f the Stocks and Bonds o f Railroads
and other Companies, with remarks and statistics concerning
the income, financial status, etc., o f each Company. It is
published quarterly on the last Saturday o f January, A pril
July and October.
The S t r e e t R a i l w a y S u p p l e m e n t is published quarterly
on the last Saturday o f February, May, August and November.
Both S u p p l e m e n t s are furnished without extra charge to
all regular subscribers o f the C h r o n ic l e .
I he General Quotations o f Stocks and Bonds, occupying six
pages o f the C h r o n ic l e are published on the t b l r d S a tu r
d a y o f each month.
EARNINGS.
The following table shows the gross earnings of United
States railroads (and also a few Mexican and Canadian roads)
for the latest period reported. The statement includes every
road from which regular weekly or monthly returns can be
obtained. The first two columns of figures give the gross
earnings for the latest week or month, and the last two col
umns the earnings for the calendar year from January 1 to
and including such latest week or month.
Roads.
Latest Earnings Reported.
WeekorMo]
1895.
1894.
Adirondack
February.
26,143
14,304
Ala. Midland... January...
47,040
57,131
Allegheny Val.. March....... 193,246 182,579
Ark. Midland... February.
6,209
5,688
▲toh.T. & S. Fe. 3d wk Apr. 558,909 552,728
St. L. & San F 3d wkApr. 101,894
97,542
Atlantic & Pac 3d wk Apr.
70,380
72,664
Col. Midland. 3d wk Apr.
35,016
28,231
Agg. tota l.. 3d wk Apr. 766,199 751,165
Atlanta <fe W. P February.
34,876
41,411
Atlan. & Danv.. 3d wk Apr.
14,949
12,592
Austin & N’west February.
12,327
18,852
B.&O.EastLiues March....... L,358,301 1,354,247
Western Lines March....... 408,114 411,295
Total........... M arch ..... 1,766,415 1,765,542
Bal.&O. Sou’ w .. 4thwkApr. 152,764 122,624
Bangor &Aro ost. February.
53.291
Bath & Ham’ nds February.
1,721
1,390
Bir. & Atlantic.. Maroh.......
1,715
1,917
Brooklyn E lev.. 4thwkApr.
38,350
37,657
Brunsw’kfeWest January...
44,614
48,463
Buff. Rook. &Pitt 3d wk Apr.
52,928
50,468
Bur. C.Rap.&N. 3d wk Apr.
59,809
65,292
Camden & A tl.. March.......
54,097
56,405
CanadianPaeiffo 3*1 wk Apr. 282,000 284.000
Car. M idland.... Maroh.......
4,017
4,557
Cent, of Georgia February. 363,767 481,147
Central of N .J.. March....... 1,039,849 895,258
Central Paoiflo.- February. 836,045 789,159
Oharlest’n&Sav. January...
53,241
67,247
Char.8uin.cfe No. January...
5,680
13,145
Cheraw.&Dari.. February.
5,391
9,440
Ohes. & O hio.... 3d wk Apr. 192,004 159,931
Ches.O.&So.W.. February. 165,306 154,599
Chic. Bur. & No. March....... 138.350 137,134
Chic. Bur. & Q.. March....... 2,378,886 2,719,855
Chic. & East. HI 3d wkApr.
79,008
87,400
Ohloago & Erie. Maroh....... 247,798 204,253
Chio. Gt.West’n. 3d wk Apr.
62,081
62,334
Chio.Mil.& St.P. 4thwkApr. 641,773 644,056
Ohio.&N’thw’n. March....... 2,208,707 2,428,963
Ghio.Peo.&St.L. 3d wk Apr.
19,805
14,577
Ohio.R’k I. & P .. A pril........ 1,137,905 1,373,370
Ohio.St.P.M.&o. Maroh....... 523,378 614,035
Ohio. &W. Mich. 3d wkApr.
33,724
29,634
Oin.Ga. & Ports. Maroh.......
4,719
5,278
Cin.& Kent. Sou. January...
905
412
Oln. Jack.<fc Mao. 3d wk Apr.
10,452
15,249
Cln. N .O .& T.P. March....... 288,000 318.000
Ala. Gt. South. Maroh....... 118,000 119.000
N. Orl. & N. E. March....... 109.000 101.000
Ala. & Vicksb. Maroh.......
45.000
43.000
Vicks. Sh. & P . Maroh.......
42.000
41.000
Erlanger Syst. March....... 602.000 622,000
Cin. Ports. & V. M arch .....
19,232
19,747
Clev.Akron&Go. 3d wk Moh
18,644
16,741
Clev. Can. & So.. 2d wk Apr.
12,526
9,586
OLCin.Ch.«feStL 3d wk Apr. 249,652 225,637
Peo. & East’n. Maroh....... 150,308 137,065
CL Lor.& Wheel. 3d wkApr.
22,317
22,153
Ool.H. V .& T oi. March....... 175,130 219,507
Col. Sand’y & H. 3d wkApr.
15,592
13,932
Colusa & Lake . March.......
1,320
1.192
Crystal............ February J
748
1,052
Cumb’l’d Valley. February.
50,981
49,704
Denv. & Rio Gr. 4th wkApr. 169,600 146,100
Det.Lans’g&No. 3d wkApr.
21,285
19,630
Det. & Mackinac February.
20,829
22,198
Duluth». S. <feA ti. 3d wkApr.
29,459
33,086
Elgin. Jol. &East March.......
95,485
99,955
Eureka Springs. December.
9.215
7,175
Evans. &Ind’plis 3d wkApr.
5,461
5.193
Evans. & Rich.. 3d wkApr.
2.216
2,482
Evansv. & T. H. *d wkApr.
19,996
19,050
Findlay Ft W &W January...
5,448
4,658
Fitchburg.......... Maroh....... 587,196 541,661
Flint & P. Marq. 3d wkApr.
51,638
44,474
Fld.Cnt.& Penin Ist wk J an
53,440
59,710
Ft.W. & Rio Gr. 3d wkApr.
5,932
8,515
Gads. <fe Att. U. March.......
605
534
Georgia RR....... 3d wk Apr.
20,670
17,486
Latest Earnings Reported.
WeekorMo 1894-5. I 1893-4.
AND
RAILROAD
789
Jan. 1 to Latest Date.
1895.
1894.
s
8
40,647
28,277
47.040
57,131
538,968
489,642
15,232
12,359
8,320,559 8,169,66 7
1, 686,102 1,744,219
1,023,689
931.102
442,840
448,733
11,478,190 11,298,721
75,901
90,415
155,804
148,561
29,594
37,943
3.669.990 3,675,390
1,291,376 1,029,228
4,961,366 4,704,618
2,041,817 2,013,045
102,645
3,356
3.178
3,919
5,381
751,806
592.325
44,614
48,463
847.001
803,283
1,063,995 1,123,849
134,744
134,536
4,220,327 4,855,126
9,135
14.354
788,020 1,045,012
2,686,016 2,554,032
1,622,950 1.648.960
53,241
67,247
5,680
13.145
12,398
17,861
2,753,426 2.642.960
342,236
326,884
388,713
397.655
6,693,962 7,784,728
1,120,267 1,094,357
614,451
557,259
977,318 1,074,188
8,132,320 9,034,640
6,035,885 6.780.960
267,018
221.506
4,471,154 5,432,337
1.430.990 1,757,998
469,337
446,032
13,307
14,209
905
* 412
173,440
191,426
798.000
895.000
359.000
355.000
329.000
308.000
128.000
135.000
132,000
138.000
1,746,000 1,831,000
56,223
47,892
185,326
186,380
167,602
135.656
3,871,848 3,553,361
410,986
364,224
321,901
285.507
558,469
577,289
235,818
163,452
3,620
4,109
1,388
1,644
109,614
105,274
2,025,454 1,981,022
315,875
300,116
40,752
40,713
480,793
390,121
260,918
284,683
73,016
78,405
79,683
88,515
26,123
26,182
308,647
325,639
5,448
4,658
1,580,108 1,474,110
730,312
776,731
53,440
69.710
137,183
81.711
1,761
1,562
386,166
433,216
$
72,473
62.087
45,209
9,547
762
3,647
59,165
330,959
61,180
17,923
Jan. 1 to Latest Date•
1894-5.
1893-4.
$
6
194,449
197,955
190,402
230,131
596,855
551.233
127,848
113,093
11,972
15,682
33,786
25,962
770,462
705,970
5,242,808 5,450,271
781,006
870,003
264,080
280,655
Ga. Car’la & No. March.......
63,976
Geo. So. & Fla.. March.......
69.518
Gr. Rap. <fc Ind. 3d wkApr.
36.033
Cin. R.&Ft/W 3d wkApr
6,748
Traverse City. 3d wkApr,
829
Mus. G. R. & I 3d w kApr
1,770
Tot. all lines 3d wk Apr
45.380
Grand Trunk... WkApr. 28
324,157
Chic. & Gr. Tr, Wk Apr. 20
63,246
Det.Gr.H.& M. Wk Apr. 20
18,788
Great North’n—
St. P. M. & M Maroh
919,480 762,383 2,293,364 2,092,783
East of Minn.. Maroh
84.426
53,875
265,732
180,067
Montana Cent March
132,626 132,563
348,948
350,919
Tot. system. Maroh
1,136 532 948,821 2,908,044 2,623,769
Gulf <fe Chicago. March
3.705
3,533
10.576
10,337
Hoos.Tun.&WiL February.
2,775
2,094
6,158
4,280
Hous.E.&W.Tex March___
41.000
34,057
129,892
109.234
Humest’n&Shen Maroh......
8,800
9,627
26,200
29,398
Illinois Central. March___ 1,520,416 1,489,847 4,544,876 4,404,693
Ind. Dec.&West. 3d wk Apr,
9,173
5,983
132,845
99,686
In.<fe Gt. North’n 3d wk Apr,
62,745
56.558 1,159,209
929,” 37
1Interoo. (Mex.) Wk Apr. 13
46,703
48,349
696,962
702,636
Iowa Central.... 3d wkApr.
25.427
36,045
443,241
554,231
iron Railw ay... March.......
4,125
4,607
12,194
11.270
Jack. T. & K. W. March.......
40,460 102,030
160,120
299,837
J amest’n & L. £ . February.
2,241
2,645
4,863
5,432
Kanawha&Mich 3d wk Apr.
7,546
7,815
114,373
102,873
K.C.F.Soott AM. 3d wkApr.
67,096
78,397 1,291,858 1,443,962
K.C. Mem.& Bir. 3d wk Apr.
14,647
15,030
290,857
329,012
Kan.C. N. W .... March.......
18,120
26,775
54,323
83,537
Kan.C.&Beat. Maroh.......
476
1,171
1,272
3,312
K.
C. Pitts.
G ..Apr.
3d&wk
10.481
8,773
150,824
95,138
Kan.C. Sub. Belt 3d wkApr.
3,607
3,738
55,962
55,572
Keokuk <&West. 3d wkApr.
5.706
7,038
99,812
114,238
L. Erie A ll.* So. Maroh.......
6,843
7,545
21,147
17,439
L. Erie & West.. 3d wkApr.
66.104
56,285 1,011,387
906,007
Lehigh & H ud.. Maroh.......
35,220
28,192
104,602
88,828
Long Island....... Maroh....... 261.749 271,334
665,704
696.671
Los. Ang. Term. Maroh.......
15,941
14,069
46,867
37,529
Louis.Ev.&St.L. 3d wk Apr.
25,517
26.685
393,933
438,423
Louisv. &Nashv. 3d wk Apr. 318.900 317,130 5,569,246 5,804,476
Louis. N. A.& Ch. 3d wk Apr.
62,285
53,146
849,458
740,900
Lou. St.L.<&Tex. 2d wkApr.
7,587
8,260
104,772
106,309
Macon & Birm.. Maroh.......
6,621
5,369
19,022
20,555
Manistique........ Maroh.......
11,307
983
30,369
10,156
Memphis&Chas. 3d wkApr.
16,819
16,270
316,870
385,406
{Mexican Cent.. 3d wkApr. 176,589 160,814 2,827,052 2,587,829
Mexican InterT. February. 210,330 180,643
407,246
359,634
iMex. National. 3d wkApr.
76,788
83,904 1,292,815 1,261,842
Mex. Nortnern.. February.
45,753
51,029
87,861
102,979
{Mexican R’way Wk Apr.13
67,188
60,986 1,004,717
913,105
Mexican So....... 2d wk Apr
10.000
11.034
139,690
150,652
M in n e a p .& S t.L IthwkApr.
47.481
35,950
523,741
516.672
Mo. Kan. <feTex 3d wkApr. 216,371 169,466 3,321,157 2,655,499
Mo.Pao.&lron M 3dwk Apr. 380.000 374.000 6,188,587 6,448,687
Central Br’ch, 3d wkApr.
11,000
6,000
164,904
245,822
Total. ........ 3d wkApr. 391.000 380.000 6,353,491 6,694,509
Mobile & Birm.. 1st wkApr
6,431
5,098
Mobile <fe Ohio.. A p r il...... 265,914 251,909 1,049,885 1,083,809
Mont. &Mex. Gif. Maroh....... 115.000 104,547
315,000
290,694
Nash.Ch.(feSt.L. March....... 394.672 408,320 1,118,308 1,177,606
Nevada Central. Maroh.......
1,969
2,008
5,408
7,028
N. Jersey &N.Y, Maroh.......
25,885
24,339
71,304
67.139
New Orl. (&So’n. Maroh.......
5,872
8,488
19,713
27.912
N .Y .C .& H .R .. Maroh....... 3.718,420 3,547,767 9,835,918 9,722,854
N .Y.L. E.& W . Maroh....... 2,199,579 2,030,241 5,853.408 5,400,318
N.Y.Pa. (feOhio. February. 445,024 364,651
910,268
769,041
N.Y. Ont. & W.. 3d wkApr.
66,734
65,562
984,592
935,790
N. Y.Susq.<&Wr.. M a rch ..... 191,816 151,768
550,657
410,453
Norf. &South’n. February.
26,688
30,258
62,114
66,720
Norfolk & West. 3d wk Apr. 195,171 173,019 2,904,624 2,732,225
North’n Central Maroh....... 548,048 495,554 1,487,526 1,331,194
North’n Pacific. 3d wk Apr. 297,729 253,792 4.106.705 3,790,936
Oconee & West. March.......
1,834
2,610
5,114
8,724
Ohio River.
16,161
3d wkApr.
13,128
189,106
180,105
Ohio Rlv.& Chas Maroh.......
18,829
16,903
44,734
47,551
Ohio Southern. 3d wk Apr.
15,276
17,483
231,869
205,892
Omaha & St. L .. February.
22.104
49,223
43,729
83,547
Oregon Imp. Co. February. 235.673 261,424
498,249
542,874
Pennsylvania... March....... 5.133.532 4,912,362 14,231,438 13,074,511
PeoriaDeo.&Ev. 3d wkApr.
17,382
13.380
274,782
239,121
Petersburg........ M a rch .....
45,406
50.518
121,363
136,369
Phila. & Erie... February. 233,791 239,640
482,951
474.626
Phila. (fe Read’g. March....... 1.686.532 1,534,844 4,699,681 4,208,756
Coal&Ir.Co... Maroh....... 1,648,791 1,247,510 5,516,975 4,311,961
TotalbothCos. Maroh....... 3,335,323 2,782,354 10,216,656 8,520,717
Pitts.Mar.&Ch. Maroh.......
3,422
3,417
9,951
8,779
Pitt.Shen.&L.E. 3d wk Apr.
11,763
6,596
136,789
104,245
Pittsb. & West.. 3d wk Apr.
32,227
21,810
408,092
342,908
Pitta. Cl. &Toi. 3d wk Apr.
13,873
11,750
217,558
178,324
Pitts. Pa. & F. 3d wkApr.
4.097
3.583
65,783
66.140
Total system.. 3d wk Apr.
50,197
37,143
702,057
596,887
Pitt. Young.&A. March....... 112,053
71,755
267,159
179,056
Quinoy O.&K.0. March.......
21,828
20,539
57,548
54,332
Rich. Fr’ksb.&P. February.
49.755
103,953
53,408
109,815
Rich. & Petersb. Maroh.......
29.234
29.558
75,163
81,582
Rio Gr. South’n . 3d wkApr.
7,129
4,661
104,725
94,144
Rio Gr.West’n.. 3d wkApr.
44,500
37.400
569,192
521,929
Sag.Tusoola&H, Maroh.......
8,685
8.865
26,615
25,681
Sag. Val. & St. L. February.
6,051
6.203
12,324
12,354
St. L. A. & T. H, 3d wkApr.
23,980
30,470
390,847
433.707
St.L.Ken’et(feSo. March.......
2,478
8,211
2,389
7,550
St.L.Southw’rn. 3d wkApr.
76,600
73.400 1,469,987 1,298.137
8t.Paul&Dul’tb 3d wk Apr.
22,855
18,802
336,957
331,034
San Ant.(S A.P. Maroh....... 139,979 102,932
463,068
324,377
S.Fran.&N.Pac. 2d wk Apr.
12,087
13,895
Sav. Am. (feMon. 3d wkApr.
8,226
7,413
131,386
130",595
Sav.Fia. & West. January... .319,124 382,627
319.124
382.627
8her.8hrev.& So 4thwkMoh
9,690
86,984
5.865
76,814
Silverton........... December.
5,076
53,597
5,034
68,393
So. Pacific Co.—
Gal.Har.&S.A February. 337,661 293,603
721,119
633,328
Louis’aWest.. February.
204,764
75,638
80,985
173.143
Morgan’ sL&T. February. 400,293 403,877 1,102,884
931.810
N.Y/T. (feMex. February
13,319
36,487
14,582
32.558Tex.&N. Orl.. February. 111,605 122,344
270,146
264,22' i
Atlantic sys.ft. February. 956,795 923,465 2,395,631 2,062,860
Pacific system February. 2,287,992 2,097,407 4,436,074 4,358,735
Total of all.. February. 3,244,787 3,020,872 6.831.705 6,421,601
So. Pao. of Cal February. 729,826 684,625 1,422,757 1,427,166
So.Pae.of Ariz February. 205,281 164,125
392,756
327 520
So.Pao.ofN.M February.
71.824
89,82z
171,884
141,866
Northern Ry.. February. 154.749 144,508
296,216
300,972
Southern R y ... 3d wk Apr. 318,197 318,844 5,232,702 5,479,452
Staten IsL R. T. March.......
67.818
78,117!
204.541
173 590
790
R oads .
THE CHRONICLE.
Latest Earnings Reportea.
Weekor Mol
1895.
Jan. 1 to Latest Date.
1894.
1894.
1895.
2,084
BtonyCL&CMt.. February.
947
2,344
904
Summit Bran oli. March.......
90.091
205,531
69,019
284.579
Lyk. Val. Coal March.......
170,973
62,111
70,702
223,295
376,504
Tot’l both Co’s March....... 160,793 131,130
507.874
Texas & Pacific. 3d wk Apr. 112,605 113,574 2,059,974 1,910,753
TBX.S.Val&N W March.......
11,092
3,818
4,181
11,181
Tol.A.A.&No.M. 4thwkApr.
355,289
26,060
29,729
328,258
486.304
Tol. & Ohio Cent. IthwkApr.
18,528
50,012
530,601
264,084
Toi. P. & West.. 3d wk Apr.
19,305
281,701
18,635
391,548
Tol.St.L.&K.C. 3d wk Apr.
32,461
458,195
26,548
Ulster & D el.... February.
19,272
45,691
41,905
21,877
Union Pacific—
Un. Pao. E R .. February. 940,343 1,006,963 1,910,863 2,046,079
702,020
637,325
Or.S.L. & U. N February. 306,863 358,008
142,763
St.Jos.&Gd.Is. February.
42,312
75,320
90,559
22,987
Kan.C.&Om. February.
12,24
11,448
5,794
304,619
13,411
195,495
22,230
Tot.3t.J.&G.I. 3d wk Apr.
245,822
11,000
6,000
Oent.Br........ a 3d wk Apr
164,904
Aoh.Col.&P. >
58,767
29,170
21,996
42,597
Ach.J.C.& W ) February.
49,116
23,219
21,516
46,895
Montana Un.. February.
February.
3,396,801
2,961,699
,444,756
Gr’d total. *c
1,684,379
822,274
811,812
57,135
63,936
U. Pao. D. & G. 3d wk Apr.
329.305
25,812
24,566
322,577
Ft.W’th&D.C. 3d wk Apr.
Wabash............. 3d wkApr. 229,916 222,881 3,430,326 3,408,274
28,544
19,630
43,018
11,738
Waco & Northw. February .
298,420
278,095
West Jersey...... March....... 112,410 121,990
217,666
221,808
75,612
84,451
W.V.Cen.* Pitts March.......
25,511
22,91'
25,511
22,917
West Va. & Pitts. January...
79,232
38,352
42,175
88,933
Western of Ala.. February.
256.874
90,852
92,907
233,181
West. Maryland. March.......
749,317
58,000
61,600
West.N.Y. &Pa 1st wk Apr
720,9*8
33,809
40,849
410,615
395,938
Wheel. & L. Erie 4thwkApr.
6,892
17,499
6,695
2L.363
Wrightsv.&Ten. March.......
* Figures given do not include Oregon Ry. & Nav., Un. Pao. Denver &
Gulf, Denver Leadville & Gunnison and Leavenworth Topeka & South
western.
a These figures include results on leased lines.
b Includes earnings from ferries, etc., not given separately. 1 M exi
can currency, c Includes only half of lines in which Union Pacific has
a half interest.
Latest Gross Earnings by Weeks.—The latest weekly earn'
ings m the foregoing are separately summed up as fol
lows :
For the third week of April our final statement covers
81 roads, and shows 2*91 per cent gain in the aggregate.
3d week o f April.
1895.
1894.
Increase.
Decrease.
$
Previously rep’d (45 r’ds) 4,706,635 4,552,529
558,909
Atoh. Top. & San. Fe.......
552,728
101,894
97,542
St. Louis & San Fr........
70,330
72,664
Atlantic & Pacific........
Colorado Midland.......
35,016
28,231
Atlantic & Danville.......
14,949
12,592
Burl. Ced. Ran. <teNorth.
65,292
59,808
Chicago & East. Illinois
78,008
87,400
Ohloago & Grand Trunx.
61,180
63,246
Chicago Great Western..
62,384
62.081
Chic. Peoria & St. Louis.
19,805
14,577
Ohio. & West Michigan...
33,724
29.634
249,652
225,637
Cleve. Cin. Chic. & St. L ..
Det. Gr. Hav. & M ilw....
17,923
18,788
Detroit Lans’g & North’ll
19,630
21,285
Duluth So. Shore & Atl
29,459
83,086
Evansville <fe Richmond.
2,216
2,482
Flint & Pere Marquette.
44,474
51,638
Ft. Worth & Denv. City.
25,812
24^566
Brand Rapids & Indiana
36,033
45,209
9,547
6,748
Cincinnati R. & Ft. W..
762
Traverse City................
829
Musk. Gr. Rap. & Ind .
3,647
1,770
Elan. City Ft. S. & Mem.
67,096
78,397
Kan. City Mem. & Birm..
15,030
14,647
Kan. City Pittsb. & Gulf.
8,773
10,481
Kan. City Suburban Belt.
3,607
3,738
K e o k u k & W estern ...........
7,038
5,706
Memphis & Charleston..
16,270
16,819
Ohio River........................
13,128
16,161
Pittsb. Shen. & L. Erie..
6,596
11,763
St. Joseph & Gd. Island.
13,411
22,230
30,470
St. Louis Alt. & T.-Haute.
23,980
St. Paul & Duluth...........
18,802
22,855
Savan. Amer. & Mont....
7,413
8.226
Toledo Peoria & West’n..
19,305
18.635
Union Pac. Den. & Gulf.
63,936
57,135
269,387
6,181
4,352
Total (81 roads)..........
6,549,617 6,364,433
Net increase (2-91 p. o .).
361,190
185,184
"6 ,785
2,357
5,483
9,392
2,066
303
5,228
4,090
24,015
865
**1,65*5
*3*,627
266
7,164
*i*2*46
*9,176
2,799
1,877
67
*Ü*,3Öi
383
1,708
131
1,332
” *549
3,033
5,167
8,819
6,490
4,053
813
670
6,801
176,006
The following will furnish a comparison of the weekly
results for a series of weeks past.
W EE K L Y GROSS EARRINGS,
Period and number o f
roads included.
Nov.—1st week (79 r’ ds).
“
2d week (79 r’ds).
“
3d week (79 r’ ds).
“
4th week (74r’ds).
Deo.—1st week (78 r’ds).
“
2d week (74r’ ds).
“
3d week (79 r’ ds).
“
4thweek (81 r’ds).
Jan.—1st week (75 r’ ds).
“
2d week (73 r’ds).
“
3d week (76 r’ds).
“
4th week (83 r’ds).
Feb.—1st week (79 r’ds).
*• 2d week (79 r’ds).
“
3d week (8i r’ds).
“
4th week (87 r’ds).
Mch.—1st week (83 r’ds).
“
2d week (82 r’ ds).
“
3d week (87 r’ds).
** 4th week (81 r’ ds).
Apr.—1st week (81 r’ds).
“
2d week (80 r’ds).
“
3d week (81 r’ds),
1894.
1893.
7,686,666
7,877,054
7,890,940
9,755,319
7,439,957
7,048,464
7,220,731
8,835,840
1895.
5,733,322
5,873,650
6,365,047
8,924,252
5,813,463
5,577,446
6,352,449
7,263,997
6,585,544
6,732,462
6,853,151
9,271,784
6,544,574
6,369,409
6,549,617
8,059,471
8,051,008
7,887,744
9.753.033
7,260,753
7,069,189
7,149,219
9.209.902
1894.
5,826,559
5,989,159
6,219,779
8,667,273
6,143,809
6,050,061
6,296,813
6,950,030
6.564.034
6,644,509
6,761,287
9.255.903
6,395,262
6,372,671
6,364,433
$
$
-------Changes.Amount.
$
372,805 Deo.
173,954 Deo.
3,196 Ino.
2,286 Inc.
179,204 Ino.
20,725 Deo.
71,512 Inc.
374,062 Deo.
93,237 Deo.
115,509 Deo.
145,268 Inc.
256,979 Inc.
330,346 Deo.
472,615 Deo.
55,636 Inc.
313,967 Inc.
21,510 Ino.
87,953 lue.
91,864 Ino.
15.881 Inc.
149,312 Ino.
3,262 Deo.
185,184 Inc.
P. et.
4- 62
216
0-04
[VOL. LX.
Net Earnings Monthly to Latest Dates.—The ta b le 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 o f this kind will be found
in the C h r o n ic l e o f April 20, 1895. The next will appear in
the issue o f May 25, 1895.
-Gross Earnings.1895.
1894.
Roads.
$
Bufi. Roch. & Pitts., b. Mar. 255,964
223,774
Jan. 1 to Mar. 3 1 ....
675,906
651,879
July 1 to Mar. 3 1 .... 2,326,229 2,388,815
Canadian Pacific.a..Mar. 1,193.259 1,382,119
Jan. 1 to Mar. 31___ 3,356,327 3,9*7,126
Chio.Bur. & North.b.Mar.
138,350
137,134
Jan. 1 to Mar. 3 1 ....
388,713
397,655
Chie.Burl.& Quin.b..Mar. 2,378,886 2,719,855
Jan. 1 to Mar. 31___ 6,693,962 7,784,728
Chic. M. & St. P .a . Mar. 2,256,237 2,515,797
Jan. 1 to Mar. 3 1 .... 6,078,138 6,777,4' 6
July 1 to Mar. 31___20,873,228 24,427,061
Clev.Cin.C.&8t.L.a..Mar. 1,102,301 1,055,342
Jan. 1 to Mar. 3 1 .... 3,126,846 2,871,947
July ! to Mar. 31....10,157,665 9,988,677
Peoria & East’n,a..Mar.
150,308
137,065
410,986
Jan. 1 to Mar. 31___
364,224
July 1 to Mar. 3 1 .... 1,283,724 1,260,704
Den. & R. Grande.b.Mar.
481,787
480,468
Jan. 1 to Mar. 31___ 1,506,454 1,493.222
July 1 to Mar. 31___ 5,213,994 4,916,697
Iowa Central.........b.Mar.
124,556
156,125
Jan. 1 to Mar. 3 i . . . .
365,953
457,132
J u l r l to Mar. 3 1 .... 1,223,658 1,464,744
Kan. C. Ft. 8. & M.a.Mar.
389,548
420,370
Jan. 1 to Mar. 31___ 1,084,353 1,205,189
July 1 to Mar. 31___ 3,498,375 3,741,005
Kan.C. Mem. & B,a..Mar.
80,571
82,956
Jan. 1 to Mar. 3 1 ....
245,987
280,145
July 1 to Mar. 3 1 ....
802,925
858,713
Louisv. & Nashv.b..Mar. 1,609,109 1,658,489
Jan. 1 to Mar. 3 1 .... 4,576,151 4.794,226
July 1 to Mar. 31___14,763,029 14,550,150
Minn. & St. Louis.a..Mar. 147,289
143,845
378,661
Jan. 1 to Mar. 31___
391,531
July 1 to Mar. 3 1 .... 1,372,708 1,317,086
N.Y.L. E. & West’n...Mar. 2,199,579 2,030,241
Jan. 1 to Mar. 3 1 .... 5,853,408 5,400,318
Oct. 1 to Mar. 31....12,583,322 12,912;250
N. Y.Ont. &West.a..Mar.
298,024
288,366
Jan. 1 to Mar. 31___
803,351
769,327
July 1 to Mar. 3 1 .... 2,793,508 2,864,486
N. Y. Sus. & West.b..Mar.
191,816
151,768
Jan. 1 to Mar. 31___
550,657
410,453
Phila. & Reading......Mar. 1,686,532 1,534,844
Jan. 1 to Mar. 3 1 .... 4,699,681 4,208,756
Dec. 1 to Mar. 3 1 .... 6,251,610 5,961,268
Coal & Iron Co......Mar. 1,648,791 1,247,510
Jan. 1 to Mar. 3 1 .... 5,516,975 4,311,961
Deo. 1 to Mar. 3 1 .... 7,105,230 6,591,272
Total both Co’ s ..... Mar. 3,335,323 2.782,354
Jan. 1 to Mar. 31....10,216,656 8,520,717
Deo. 1 to Mar. 31....13,356,840 12,552,540
Rio Grande West.b..Mar.
166,602
148,628
Jan. 1 to Mar. 3 1 ....
447,192
421,229
July 1 to Mar. 3 1 .... 1,592,484 1,564,188
St. Paul & Duluth.b.Mar.
98,531
95,064
Jan. 1 to Mar. 31___
269,321
270,024
July 1 to Mar. 3 1 .__ 1,084,423 1,156,333
San Ant. & Aran. P..Mar.
139,979
102,932
Jan. 1 to Mar. 3 1 ....
463,067
324,377
Sav. Amer. & Mont...Mar.
37,309
36,032
Jan. 1 to Mar. 3 1 ....
109,771
110,896
July 1 to Mar. 3 1 ....
371,210
340,961
South Carolina &Ga.Mar.
114,056
July 1 to Mar. 3 1 ....
882,864
Southern Rail way.a.Mar. 1,503,118 1,562,471
Jan. 1 to Mar. 3 1 .... 4,255,873 4,522,920
July 1 to Mar. 31....13,002,012 12,738,133
90,091
69,019
Summit Branch........ Mar.
Jan. 1 to Mar. 3 1 ....
284,579
205,531
Lykens Valley....... Mar.
70,702
62,111
Jan. 1 to Mar. 3 1 ....
223,295
170,973
Total both Co’s....M ar.
160,793
131,130
Jan. 1 to Mar. 3 1 ....
507,874
376,504
Whitebr’st Fuel Co...Mar......................................
Jan. 1 to Mar. 31............................................
July 1 to Mar. 3 1 .....................................
-Net Earnings.—
1895.
1894.
$
78.550
74,733
167,161
214.198
729,469
746.748
392.287
413,371
945,628
970,930
34,250
35,185
66,994
87,127
868,317 1,113,202
2,184,434 2,884,430
1,035,537 1,064,343
2,270,590 2,245,606
7,604,652 8,818,260
285,412
250,432
754,559
709.165
2,531,184 2,482,676
40,086
20,043
111,582
51,035
333,242
186,442
173,859
177,506
588.743
562,708
2,191,890 1,924,231
40,555
61,304
119,070
162,515
416,190
554,577
129,771
132,615
333.110
357,363
1,097,700 1,108,082
9,743
7,361
38.098
46,335
154,928
169,313
554,521
616,859
1,627,872 1,881,085
5,734,510 5,755,662
71,103
55,666
154,917
147,884
610,117
540,110
*651,916 *537,542
1,357,132 *1,135,447
’3,367,510 *3,607,099
80,814
80,595
164,942
186,655
831,641
785,230
72,729
62,060
203,395
160,107
733,192
643.030
1,906,212 1,621,551
2,511,073 2,401,778
123,710 def.73,070
def.26,839 df.204,945
df.214,267 def.87,492
856,902
569,960
1,879,373 1,416,606
2,296,806 2,314,286
~ l i | ~|fl
54,108
36,445
128,915
97,048
524,347
556,243
29,232
20,554
52.551
52,357
337,936
360,523
23,472 def. 1,683
120,716
7,781
2,089 def. 1,346
7,061
235
64,519
27,344
48,503
312.110
416,839
453,848
1,295,250 1,301,765
4,395,115 3,865,114
397 def. 17,901
61,215 def.22,202
295 def.16.453
36,501 def.26,004
692 def.34,354
97,716 def.48,206
2,846
3,760
20,848
19,928
53,287
102,714
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
* After deducting proportion due roads operated on a percentage
basis and results of operations of auxiliary companies, net in March,
1895, was $400,333, against $280,588 in 1894, for three months ended
March 31 $631,559, against $428,772, and for six months from Octo
ber 1 to March 31, $1,885,874, against $2,234,565.
100
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, & c., with the surplus or defic: t
above or below those charges.
1*60
1-93
22-97
5-38
7-81
0-88
4-52
01*32
1- 36
0-17
20-05
2-91
Roads.
Ghie.Burl. &i Quincy. Mar.
34
Jan. 1 to Mar. 31 —
Olev. Cin. Ch. & St.L..Mar.
July 1 to Mar. 31—
Peoria & Eastern..Mar.
July 1 to Mar. 31—
33 & Rio Gr’de..Mar.
Denver
July 1 to Mar. 3 1 ....
Kan. C. Ft.S. & M,...Mar.
July 1 to Mar. 31___
33
Kan. C. Mem. & Bir..Mar.
July 1 to Mar. 3 1 ....
0-02
2-47
0- 29
4*06
-Interet, rentals, <6e.—. r-Bal. o f Net Earns.1895.
1894.
1895.
1894.
$
815,000
2,445,000
240,236
2,129,609
36,802
331,215
199,023
1,801,940
118,890
1,007,500
13,871
103,701
$
797,248
53,317
315,954
2,391,743 df.260,566
492,687
232,968
45,176
17,464
2,049,776
401,575
432,900
36,802
3,281 def. 16,759
331,215
2,027 df.144,773
203,411 def.25,164 def.25,905
1,819,893
389,950
104,338
120,947
10,881
11663
1,033,070
90,200
75,012
38,969 def.4,128 def.31,608
356,999
51,227 df.187,686
THE CHRONICLE.
M a y 4, 1895.]
ANNUAL
REPORTS.
791
Expenses—
Main, way & struc..
Main, of equip’ t.......
Con’g transp’n ........
General...................
Taxes........................
1894.
1893.
1892.
$
$
$
2,087,305
3,150,922)
2,091,950 14,191,714 1
7,984,582
8,820,271 f 15,201,106
338,198
301,588 I
634,032
659,417
602,084
Receipts—
Netearni >gs............
Int., dividends, &c.
$
6,371,802
409,356
$
6,562,019
459,132
$
6,612,192
483,241
$
6,798,711
455,623
Total incom e....
Rentals paid............
Interest on d e b t....
Div’ds on gu. stock..
6,781,158
606,922
3,151,947
53,350
7,021,151
597,395
3,173,763
53,350
7,095,433
603,546
3,201,710
53,350
7,254,334
557,1*>4
3,204,370
53,350
Total disb’t s ....
Surplus for div 'd__
Dividends (6 p. c.)..
3,812,219
2,968,939
2,967,990
3,824,508
3,196,643
2,967,990
3,858,606
3,236.827
2,967,990
3,814,874
3,439,460
2,967,990
Surplus.............
949
228,653
268,837
471,470
1891.
$
14,119,496
Lake Shore & Michigan Southern Railway.
( Report fo r the year ending Jan. 81, 1895. J
513,179
The annual report is replete with the usual valuable sta
T ota l.................. 13,186,067 17,123,912 15,803,190 14,632,675
tistics.
Net earnings............ 6,371,802
6,562,029
6,612,192
6,798,711
Earnings.—The gross earnings for 1894 were $19,557,870. P. o. op. ex. to earn.
67*42
72*29
70*50
68*27
In comparison with 1893 freight earnings show a decrease of
* Three ciphers omitted,
■$1,645,983, or 11 36 per cent; passenger earnings a decrease of
t Includes $2,164,618 for new equipment.
$2,572,418, or 36*78 per cent, and mails, express, etc., an in
INCOME ACCOUNT.
crease of $90,339, or 4*10 per cent.
Earnings of the several lines of the system were as follows :
1894.
1893.
1892.
1891.
/--------Earnings.------- . /— Per Mile.—,
1894.
1893.
1894. 1893.
Roads—
Miles.
$
$
$
$
Lake Shore & Mich. So....... 859 17.699,867 21,688,146 20,602 25.244
628,201
591,817 12,514 11,790
Mahoning Coal R E .............
50
147,939
157,157 2,908 3,087
Jamestown & Franklin RR.
51
478,025
595,023 7,666 9,542
Detroit Monroe & Tol. R R . 62
133,990
150,202 2,294 2,571
Kalama. Allegan &Gr Rap.
58
91,370
102,439 2,499 2,801
Kalama. & White P ig eon ...
37
94,451
91,331 1,545 1,576
Northern Cent. Mich. R R ...
61
179,279
194,543
1,832 1,989
Fort Wayne & Jackson RR.
98
40,259
42,208
617
647
Detroit Hillsd ale & Southw. 65
49,113
48,451
788
777
62
Detroit & Chicago R R .......
15,376
19,555
429
546
Sturgis Goshen & St. L RR. 36
GENERAL BALANCE SHEET DECEMBER 3 1 .
Total.............................. 1,439 19,557,870 23,685,932 13,582 15,510
The number of tons of freight moved shows a decrease
compared with 1893 of 1,000,538 tons, or 7 61 per cent; aver
age rate per ton per mile, a decrease of 0 0143 of a cent, or
2 44 per cent; number of passengers carried a decrease of
’768,162, or 14 46 per cent; average rate per passenger per
mile shows an increase of 0T87 of a cent, or 6 55 per cent.
The falling off in earnings from freight and passenger
traffic is not peculiar to this system, but shared in common
with other railway interests—the direct consequence of a
general depression of business. In a still larger proportion,
by strict economies, the operating expenses were reduced,
and hence the net earnings were sufficient for the payment of
six per cent divided on the common stock. The extraordinary
decrease in passenger earnings, compared with 1893, is owing
-chiefly to the W orld’s Fair travel, which largely increased
the earnings in that year.
Operating Expenses —The operating expanses, including
all taxes and betterments, were in 1894 67*42 par cent of earn
ings; in 1893 72 29 per cent of earnings, a decrease of 23 per
<jent. Operating expenses for 1894 include $118,039 for cost
of new freight cars to replace old cars worn ou.; also the cost
o f 7*92 miles of new sidings, amounting to $35,745.
Repairs a/nd Renewals,—Repairs and renewals included in
•operating expenses in 1894 \yere : New steel rail laid, 11,543
tons, 105*47 miles; cross-ties renewed, 519,113, equtl to 196 64
miles; fence built (board) 2 41 miles; fence built (wire) 216 51
miles; track ballasted with gravel, cinders and stone, 45 77 miles.
Construction and Equipment.—These accounts still stand
at $84,000,000, as shown in the balance sheet; nothing has
been charged to either of them since 1883.
Stock and Bonds.—The capital stock of the company has
remained unchanged since 1871—twenty-three years. Id is
$50,000,000. The funded debd was reduced in 1894 from
$43,942,000 to $43,693,000 by the purchase and cancellation
for the sinking fund of $250,000 in bonds secured by the first
mortgage. The total amount of bonds thus canceled is
$ 6 ,000,000.
Mileage—L. S. & M. S. System.—On December 31,1894, the
total miles of system were 1,448; second track, 499; third
track, 10; sidings, 704; total miles of track, 2,661; total
miles of track laid with steel, 2,600*13; per cent of steel, 97*7.
Bridges on L, S. & M. S. System.—Of the bridges December
31, 1894, there were of stone (with span not less than 30 feet)
22. lineal feet 1,725; iron 204, lineal feet 14,355; wood (Howe
truss) 39, lineal feet 5,064; trestles 127, lineal feet 18,423; total,
39,567 lineal feet. Total length bridges and trestles, 7*493
miles.
Equipment.—On December 31, 1894, the company owned
590 locomotives, a decrease of 1 since 1893; 424 passenger,
mail, baggage, etc., cars, a decrease of 4; 19,668 freight cars,
a decrease of 1,113; and 548 working cars; the total number
o f cars owned was 20,640, against 21,755 in 1893 and 21,460 in
1892.—Y. 60, p. 391.
Statistics.— The comparative statistics for four years, com
piled for the C hronicle , are as follows:
OPERATIONS AND FISCAL RESULTS.
1894.
1893.
1892.
1891.
Miles op. Dec. 3 1 ....
1,449
1,449
1,454
1,445
Equipment —
Locomotives...........
590
591
584
560
Passeuger cars____
424
4 28
371
316
Freight cars............
19,668
20,78 L
20,543
19,831
Working oars..........
548
546
546
530
Operations —
Pass, carr’d ( S o ) . ..
4,541,924 5,311,086 5,846,755 5,809,295
Passenger mileage..198,292,265 334,207,912 247,850,982 246,944.673
Rate p. pass. p. m. . 2 229 cts. 2*09 lets. 2*175 cts. 2*177 cts.
Freight (ton) m’ ved
12,142,256 13,142,844 13.643,747 12,019,016
Fr’ght (tons) mil’ge.
*'2,196,244 *2,427,692 *2,435,079 *2.188,727
Av. rate p. ton p. m,
0*572 ct.
0*587 ct.
0*599 ot.
0*628 ct.
Earnings—
S
$
$
$
Passengers............... 4,420,642
6,993,060 5,391,335 5,376,509
F r e ig h t............. . . . 12,844,275 14,499,259 14,851,475 13,893,63)
Mail, exp., rents,&o.
2,292,953 2,292,614 2,172,522 2,161,239
Tot. gross earn... 19,557,870 23,635,932 22,415,332 21,431,386
Assets
1894.
$
1893.
$
1892.
$
1891.
$
Railroad, bldgs, &c. 71,950,613 71,935.019 71,425,091 70,991,450
Equipment ............ 17,300,000 17,300,000 17,300,090 17,300,000
R. est. & offioe p’ty.
451,007
451,007
351,007
351,007
Stocks owned, cost. *12,858,568 12,858,569 14,109,013 14,109,013
Bonds owned, cost.
t690,400
667,490
667,400
667,400
1,497,682
1,512,737
1,530,321
Advances................. 1,468,378
Materials, fuel, & c..
917,160
1,058,327
1,133,933
879,118
Bills receivable.......
72,160
601,242
............
............
Cash on hand........... 1,540,365 1,738,254
778,538
3,367,705
Uncollected earns.&
other open a ccts.. 2,323,626
1,9 33,729
3,203,175
1,165,642
Total assets------109,597,283 110,071,229 110,480,894 110,361,656
Liabilities—
Stock...... 50,000,000
50,000,000 50,000,000 50,000,000
Bonds (see Supp .) .45,016,0 >0 45,266,000 45,516,000 45,766,000
Dividends... 1,510,670
1,510,670
1,510,670 1,758,002
Other li .bilities.......... 1,235,811
1,275,453
1,572,876 1,225,144
Income accou n t.... 11,834,805 12,019,108 11,881,343 11,612,510
Total liabilities. 109,597,286 110,071,229 110,480,894110,361,656
* Includes $3,503,900 1st pref.. $6,275,900 2d pref. and $6,240,000
com. stock N. Y. Chic. & SD L. RR ; $2,675,696 Pitts.-& Lake ErieRR .;
$399,500 pref. and $865,900 com. Mahoning Coal RR.; $575,700 Mer
chants’ D js . I rans. Co. and $270,840 Pacific Hotel, Chicago.
t Jamestown & Frank. RR. 1st mort. bonds, $223,300, and seoond.
mort. bonds, $167,100.—V. 60, p. 391.
Lake Shore System—M ihoniny Coal Railroad.
( Report for the year ending Dee. 31,1894.)
The Lake Shore report affords the following :
RENTAL RECEIVED AND PAYMENTS.
1894.
1893.
1892.
1891.
Rental received (10 per cent
gross earnings)................... $258,739 $245,133 $253,800 $203,216
Other income..................... .
39
27
12
46
Total income..................... $258,778 $245,160 $253,812 $203,262
Deduct—
Interest on b o n d s .................. $75,000 $75,000 $75,000 $75,000
Dividends*....................
183,093
153,092 153,092 115,593
Organization expenses...........
1,424
1,849
1,990
1,805
Total.................................$259,517 $229,932 $230,082 $192,398
Balance...................................def. $739 sr.$15,228 sr.$23,730 sr.$10,864
* Paid 5 p .c . on pref. stock for all the years, and on common for 1894,
10 p. c.; for 1893 and 1892, 8 p. o ; for 1391, 5 ^ p. o.; also paid for
1890, 7 p. o.; for 1889, 4 p. c.; for 1888, 3 p. o.
BALANCE SHEET DEC. 31, 1894.
Assets.
Liabilities,
Mahoning Coal R R .......$3,373,490 Capital stock—
Sharon Branoh.............
386,292
Pref. 5 p. c., guar....... $661,850
Cash and cash items ...
685
Common..............
1,500,000
1st mort.bds., 5 p.c.,gu. 1,500,000
L.8.&M.S.Ry.Co .lessee
877
Income account...........
97,740
Total............................$3,760,467
T ota l........................... $3,760,467
Michigan Central Railroad.
("Report fo r the year ending Dec. 31,1894.J
The annual report as usual, while clear and full in its sta
tistics, is brief ia its remarks conceraing the property. It
contains in part the following :
Earnings.—The gross earning3 show a decrease of $3,594,018 The freight traffic shows a decrease in tons moved one
mile of 145,733,000 and in earnings o ' $910,000, the decrease
being in both through and local traffic. The rate per ton per
mile shows an increase from 0*630 cents to 0 637 cents, or
0*007 cents. The passenger traffij sho ws a decrease of 130,888,000 in passengers m wed one mile and a decrease of
$2,571,000 in earnings. The rate per passenger per mile
shows an increase from 2* 123 cents to 2 258, or 0*135 cents.
The decreases in traffi} are due to the general depression in
business, which affected all transportation lines. The fact
that the passenger traffi e of 1&93 was very la gely increased
by the Columbian Exposition travel further aceounts for the
decrease in this traffic.
Expenses —The gross operating expenses shvw a decrease
of $3,143,684, The cost of all b 3tterm ;nts and adlicions to
the property is included in this account.
Ì92
THE CHRONICLE
Stock and Bonds.—The capital stock and funded debt re
main unchanged.
C onstruction.—No addition has been made to this account
since the last report.
Road Operated.—The Michigan Central System aggregates
mam track, 1,177 miles ; second track, 146 ; Canada Southern
System, main track, 456 ; second track, 98 ; total of all main
track, 1,633 ; total second track, 244 miles. This includes 14
miles of trackage right on Illinois Central line from Kensing
ton to Chicago. In the joint systems there are 865 miles of
side track, aggregating a track mileage of 2,728 miles, of
which 2,530 miles are laid with steel and 198 miles with iron
rails.
Equipm ent.—The equipment Dec. 31, 1894, included : On
Michigan Central, passenger equipment, 244 cars ; freight
equipment, 9,915 cars ; locomotives in service, 310. On Can
ada Southern, passenger equipment, 116 ca rs; freight equip
ment, 3,846 cars ; locomotives in service, 151.
Renewals.—The number of tons of steel rails laid in 1894
was 5,338 ; number of ties replaced, 343,500; miles of fence
rebuilt, 22‘93.
S tatistics.—Tne comparative statistics for four years, com
piled for the C h r o n ic l e , are as follow s:
OPERATIONS AND FISCAL ReSULTS.
1894.
1893.
1892.
1891.
Miles operated........
1,634
1,634
1,639
1,609
'*Equipment—
Locomotives....... .
461
461
429
421
Passenger eq u ip ....
360
360
343
301
Freight equipment.
13,761
13,761
13,760
13,551
Operations—
Passengers carried. 2,649,715
3,303,655
3,550,701
3,511,884
Passenger mileage.. 154.995,516 285,883,620 203,307,927 202,290,934
Ratep.pass. p. mile.
2*258 ots.
2*123 018. 2 *2 llcts.
2*249 cts.
Fr’ght (tons) moved. 6,175,215
6,805,574
7,689,798
7,221,002
Fr’ght(tons)mileage t l , 210,387 t l ,356,110 t l , 549,850 11,368,203
Av.ratep. tonp. mile 0*687 cts. 0*680 cts.
0*684 cts.
0*722 cts.
Earnings—
$
$
$
$
Passenger................ 3,499,341
6,069,831
4,495,600
4,548,995
Freight...................... 8,314,026 9,224,356 10,5^6,511
9,876,307
Mail, express, & o...
770,645
883,793
816,181
737,658
Total gross earns 12,581,012 16,178,030 15,908,292 15,162,960
Operating expenses —
Maint. of way, & o ... 1,484,645
2,337,795 ]
Maint.of equipment
918,566 2,001,072
„-. q Kna
Transportation....... 6,141,659
7,354,400 |1A,/±9,£>7a 10,797,720
General....................
258,593
253,6501
340,644
340,875
326,516
Taxes........................
309,849
Total oper. expen.
Net earnings............
P.o.op.exp.to earns.
9,144,107 12,287,792
3,439,905
3,890,238
72*66
75*95
12,046,095
3,862,197
75*72
11,107,569
4,055,391
73*25
*Inoludes Mich. Central and Canada Southern,
t Three ciphers omitted.
INCOME ACCOUNT.
Receipts—
Net earnings.......... .
Int. and dividends..
1894.
$
3,439,905
44,650
1893.
$
3,890,238
45,790
1892.
$
3,862,197
46,798
1891.
$
4,05^,391
58,628
Total income---Disbursemen ts—
Rentals paid............
Interest on debt___
Can. Southern share
3,494,555
3,936,028
3,908,995
4,114,019
184,310
2,216,875
287,808
184,310
2,217,494
456,648
184,310
2,220,054
380,712
184,310
2,254,977
446,776
Total..................
Surplus for divid’ds
Dividends................
Rate of dividend...
2,688,993
795,562
749,528
(4 p. o.)
2,858,452
1,077,576
1.030,601
(5^ p. c.)
2,785,076
1,123,919
1,030,601
(5^2 p. c.)
2,886,063
1,227,956
1,030,601
(5*2 p. c.)
46,034
46,975
93,318
197,355
Surplus...............
BALANCE SHEET DECEMBER
Assets—
Construction aco’ ts.
Investments............
Fuel and supplies...
Accounts reoeiv.......
Uncoil’d earnings...
Cash..........................
31.
1894.
1893.
1892.
1891.
$
$
$
$
42,378,411 42,378.411 42,378,411 42,337.242
670,696
610,696
803,686
608,686
1,207,601
1,039,034
1,245,972
1,139,432
903,177
822,917
719,356
566,694
443,381
680,865
479,860
971,342
958,486
1,029,599
1,030,357
793,518
Total assets....... 46,561,752 46,561,572 46,462,642 46,421,914
Liabilities—
Capital stock........... 18,738,204 18,738,204 18,733,204 18,738,204
Bonds (see S u p p ’ t ) . 18,376,000 18,376,000 13,376,000 18,376,000
Accounts payable.. 1,697,388
1,462,120
1,409,565
1,461,474
Accrued interest....
283,246
283,296
233,896
284,579
Dividends................
374,764
655,837
655,837
655,837
Income accou n t.... 7,092,150 7,046,116
6,999,140
6,905,820
Total liabilities. 46.561,752 46,561,572 46.462.642 46,421,914
V. 59, p. 1104.
New York Chicago & St. Louis Railroad.
(R ep ort fo r the year ending Dec. 31,1894.)
The annual report says in part:
General Results.—The decrease in passenger earnings is at
tributable mainly to the abnormally large earnings from pas
sengers transported to and from the W orld’s Fair at Chicago
during the year 1893. The decrease from freight was caused
principally by the general depression in the business of the
country which existed during the year 1894, and also to the
lower rates received for handling the business.
Renewals, etc.—Of cross-ties 149,891 were renewed during
the year, 19*68 miles of track have been ballasted with gravel
and 13*74 with cinders. No additions have been made to the
equipment. The freight car equipment is entirely inadequate
for the requirements of the company, necessitating to a large
extent the use of cars owned by other railroad companies and
individuals. There was paid during the year for the use of
[VOL. LX,
such equipment $447,530 in excess of the amount received
from other railroads for the use of this company’s cars.
All expenditures for additions to the property have been
included in expenses, no charges having been made to con
struction and equipment.
Statistics.—The statement of operations, earnings and
charges has been compiled for the C hronicle as follows:
OPERATIONS AND FISCAL RESULTS.
1894.
1893.
1892.
1891.
512
512
512
Miles operated.......
512
Operations—
473,441
625,177
555,140
Pass, ca rried ..........
554,172
Pass, earr’d 1 mile. 45,158,591105,010,635 34,676,740 25,929,995
Rate per pass.per m. 1*69 cts.
1*46 cts.
1*45 cts.
1*64 cts.
Freight (tons) carr’d. 3,034,772
3,252,932
3,525,951
3,315,784
Frt(tons)carr’d 1 m.896,657,971 946,792.616 1107342842 1052515236
Rate per ton p erm .. 0*534 cts. 0*548 cts.
0*534 cts.
0*541 cts.
Earnings—
$
$
$
$
Passenger.................
761,938
1,533,242
502,165
426,211
F reig h t................ ... 4,792,297 5,187,335
5,914,918
5,697,609
Mail, express, & c....
75,004
67,171
50,082
47,269
Total earnings..
Expenses—
Transportation.......
Motive power..........
Maint. of w ay_____
Maint. of cars..........
G eneral............. ......
Taxes............... ........
5,629,239
6,787,748
6,467,165
6,171,089
2,529,608
1,177,130
412,024
244,740
115,037
193,438
2,703,696
1,309,429
,654,771
499,666
128,974
182,703
2,766,963
1,258,041
641,359
418,851
115,068
174,880
2,400,828
1,249,910
715,026
437,1 S4
108,260
144,874
T ota l..................
Net earnings.,. . . . .
4,671,977
957,262
5,479,239
1,308,510
5,375,162
1,092,003
5,056,082
1,115,007
Receipts—
Net ea rn in gs........
Other income..........
1894.
$
957,262
6,990
1893.
$
1,308,510
6,319
1892.
$
1,092,003
10,206
1891.
$
1,115,007
13,569
Total...................
Payments—
tnt. on bonds..........
Rental of equip.......
Rental of terminals.
Sinking fund............
Div. on 1st pf. stock
964,252
1,314,829
1,102,209
1,128,576
777,000
86,000
91,925
780.000
89,000
92,227
99,460
200.000
781,060
30,000
91,319
48,794
150,000
780,420
Total...................
Surplus.....................
954,925
9,327
1,260,687
54,142
1,101,173
1,036
31.
1,120,911
7,665
1894.
1893.
d>
$
Cost of r o a d ........... 46,086,158 46,086.158 46,093,393
Cost of equipment.. 3,720,847
3,720,847
3,720,847
Bonds & st’ks owned
10.000
Materials and fuel..
257,424
289,528
304,559
Cash..........................
435,549
238,460
347,963
Due by stat.ag’ ts.&o.
226,423
228,794
397,127
Due by other co’s ...
441,118
857,526
593,297
Due by P. O. Depart.
7,133
.7,352
7,206
Miscel. a ccou nts....
41,191
42,852
60,234
T ota l.................. 51,215,843 51,471,517 51,534,626
Liabilities—
1st pref. stock........
5,000,000
5,000,000
5,000,000
2d pref. stock........ . 11,000,000 11,000,000 11,0)0,000
Common stock........ 14,000,000 14,000,010 14,000,000
Funded debt .......... 19,425,000 19,425,000 19,525,000
Unpaid vouchers....
535,569
562,081
650,178
Unpaid pay-rolls___
201,098
210,876
236,368
Due go ’ s & individ’ls
105,320
132,891
185,013
Int. due and not paid
9,620
9,760
9,300
Int. accrued, not due
194,250
194,250
195,250
Rent of eq’ t, not due
28,000
29,000
30,000
Div. on 1st pref. st’k
............
200,000
150,000
Sinking fund aoc’nt.
541,897
541,897
442,427
Income aocount.......
175,089
165,763
111,031
1891.
$
46,077,341
3,616,721
161,000
302,500
452,826
269,050
503,416
6,454
38,516
INCOME ACCOUNT.
BALANCE SHEET DECEMBER
A ec/i/fl
,
Total ...........
—Voi. 60, p. 302.
90,551
99,940
150,000
51,427,824
5,000,000
11,000,000
14,()00,000
19,575,000
578,784
223,438
154,207
11,500
194,310
150,000
393,643
146,942
51,215,843 51,471,517 51,534,626 51,427,824
Pittsburg & Western Railway.
(R ep ort fo r the year ending June 30, 1894.)
The report of President Thos. M. King says :
General Results.—During the entire year the traffic suffered
from an unparalleled commercial depression, accompanied by
labor strikes in the coal and coke regions ; with other labor
troubles on connecting Western lines, the suspension of oper
ation of large industries on the company’s lines, all combined,
resulting in a decrease of gross earnings as compared with
the previous year of $267,507. By vigorous economy the e x
penses were reduced $396,099, leaving a gain in net earn
ings of $128,592. As to the maintenance o f the property the
report says:
Maintenance.—The sum o f $265,836 was expended on maintenance
of way and 3231,019 for maintenance of eqnipment, of winch. $154075 was for maintenance of way and $ l5s,98o for maintenance o f
equipment on the Pittsburg & Western Railway proper. Glade
Run Trestle was rebuilt at a cost of $16,519. There were I 099 tons
of new steel rails, 108,596 standard and 34,095 narrow- ga’uge ties
placed in the traok and charged to operating expenses AltUou^u tae
expenses were reduced as noted, the road, equipment and property
has been fully maintained to an effloient working standard.
J
Betterm ents and Equipm ent.—la addition to the amount
included in operating expenses the board has expended upon
betterment account for the Pittsburg & Western Railway
and its leased lines th0 sum of $30,553. It has also expended
to retire indebtedness due for account of cat trust obligations
outstanding the sum o f $124,397; making the total expendi
tures for new construction and payment on account of equip
ment for the year 154,949; the expenditure upon the same
account for year ending June 30, 1893, was $751,703.
It has been the policy of the Beard of Managers during the
past fiscal year to limit expenditures for new construction to
the actual and pressing necessities of the company.
793
THE CHRONICLE
May 4; 1895.]
GENERAL BALANCE SHEET DECEMBER 31.
Equipm ent.—The Pittsburg & Western proper on June 30,
1892.
1893.
1894.
1894, owned standard gauge rolling stock as follows: 71 loco
$
$
Assets—
$
motives; 19 passenger, mail and baggage cars, 3,635 freight Cost of road........................................ ..4,275,000
4,200,000 4,200,000
3,000
3,660
(mostly coal) cars; also owned 24 narrow gauge locomotives, Stock Keokuk Union Depot............
3,660
35,787
23,755
Accounts receivable..............................
23,572
20 passenger, mail and baggage cars and 538 freight cars.
16,436
18,547
Material on hand..... ..............................
20,422
The Pitts urg Cleveland & Toledo owned 17 locomotives, Cash
16,643
34,5u6
25,180
on h a n d . . . . . . . .. . . . . . —------- . . . . .
19 passenger and 706 freight cars, and the Pittsburg PainesTotal assets......................................4,347,835 4,280,468 4,271,866
ville & Fairport owned 7 locomotives and 517 freight cars,
Liabilities—
_______
but no passenger cars.
Capital stock............................................ 4,000,000 4,000,000 4,000,000
S tatistics.—Earnings, expenses and charges for two years, Note payable............................................ 200,000
200,000 200,000
60,000
.......................... ---Bills payable........ ..........................
and the general balance sheet Dec. 31,1894, were as below:
1893.
$2,071,165
452,664
48,667
11,689
$2,318,678
Total..............
Expenses—
Conducting transportation.................. .
1,032,720
265,836
Way and structures .................
Maintenance of equipment.. . . . . . . . . . . . . . . . .
231,020
General....................................................
133,236
T a x e s .......................
50,075
$2,586,185
Total...................................................$1,712,887
Net earnings........ ............
$605,791
Add other in com e...............................................................
$2,101,811
$484,374
5,000
Total................................................... $605,791
' Deduct interest on ho nds............................... $721,690
Deduct general interest......................
156,274
$489,374
$710,857
114,635
1,109,363
372,434
444,835
132,279
42,900
$877,964
$825,492
$336,118
$272,173
GENERAL BALANCE SHEET JUNE 30, 1894.
Liabilities
Road and equipment. .$25,183,331 Capital s t o c k ......___$13,500,000
Stocks and hds. owned 3,615,964 Funded debt............... 13,800,000
322,375
Materials and supplies
97,244 Real estate morts.......
810,020
Advances tosub’y lines 1,739,699 Car trusts....................
269,564
Insur. prems., & o____
65,476 Int. accrued, unpaid..
9,<>21
45,510 Taxes accrued ........ .
Agents’ balances........
For coupons.................
196,355 Bills and a ccou nts.... 3,121,963
Cash and cash acots...
320,523
Profit and loss.......... .
571,840
Balance, d e f ic it ..........—..............
Total..........................$31,835,943
-Y . 60, p. 521.
Total..........................$31,835,943
General Electric Company.
( R eport fo r the year ending January 31, 1895.)
The annual report of President Coffin is given at length on
subsequent pages of the C h r o n ic l e , with full income state
ment and balance sheet and a detailed list of stocks and
bonds of other companies owned.
There are no comparisons to be made with previous years,
and the tables fcr 1894-5 will be found with the report.
Keokuk & Western Railroad.
( R eport fo r year ending Dec. SI, 1894..)
President F. T. Hughes says in the report: “ The Missouri
tax cases to which I alluded in the annual report of 1892
have been settled by a compromise of the claim of $350,000 in
full for $75,000. It is hardly necessary to call attention to the
loss of 1894 crops in the West or to the inactivity which pre
vailed during the year in all kinds of business, resulting with
hardly an exception in large shrinkage in railroad earnings.
In the face of this, however, I note with great satisfaction
that our earnings have allowed us to maintain the property to
its usual good standard and also to pay the regular divi
dends.”
General Manager A. C. Goodrich says :
“ The outlay to maintain the property during 1894 was less
than in 1893, owing to a very favorable season for track work,
and the shrinkage in expenses was in about the same ratio as
the shrinkage in earnings. There were laid 37,284 cross ties.
“ The coal strike in May and June caused a cessation of
work at Centerville and Brazil and not a car of coal was
mined for forty days.
“ The tonnage of coal is less than for any other year, owing
to the above cause, and to the fact that mining districrs, both
north and south of us, competing with equal freight rates for
Omaha and Council Bluffs coal business, pay from 20 to 35c.
per ton less for mining than the miners at Centerville and
Brazil will accept. Until the miners recede from their stand
it means starvation to them and a great loss of business to us.
“ The freight traffic aggregated 199,135 tons carried at av
erage rate of 1’6 cents per mile. Average train load about
110 tons. Equipment embraces: Locomotives, 14; cars in
passenger service, 11; in freight service, 941, of which 240
are coai cars.”
Earnings, expenses and charges have been as follows:
98?116
225,564
62,963
1892.
$
99,821
242,274
65,055
1391.
$
95,969
252,813
65,492
T o t a l............................ 363,548
Oper. expenses and taxes. 264,629
386,643
274,331
407,150
288,233
414,274
267,929
Net earnings..........
P. o. of esp. to earnings...
Deduct—
Interest paid...................
Dividends (2 per ce n t)....
Construction and equip...
98,919
68-8
112,312
66-8
118,917
66-7
146,345
61-0
13,095
80,000
2,430
12,053
80,000,
6,631
12.710
80,000
15,970
13,517
80,000
12.753
Total..................- .........
S u rp lu s.............................
95,525
3,394
98,684
13,628
108,680
10,237
106,260
40,085
- Earnings—
Passenger................
F re ig h t.........
Mail, express, &c...............
1894.
$
84,478
221,250
57,813
57,819
1893.
Accounts payable................................
Pay-rolls unpaid..... ..........
Vouchers u n p a id ..................
Lnoome aocount..........................
9,235
11,551
8,513
58,536
4,647
12,191
8,486
55,144
13,620
10,554
41,515
Total liabilites................................... 4,347,835 4,280,468 4,271,866
—Vol. 58, p. 902.
West Jersey Railroad.
( R eport fo r the year ending Dec. 31,1894.)
President G. B. Roberts says in the report:
Owing to the general depression in business during the past
year the gross earnings show a falling off of $135,298. The
operating expenses have decreased in all departments, the
result being a falling off in net earnings of $21,720. The
road was operated in 1894 for 75‘56 per cent of the gross
earnings as compared with 76'23 per cent for the previous
year. The decreased tonnage was largely due to the depres
sion in the business of the glass manufacturers on your line.
There were no charges to construction, equipment or real
estate during the year, no new work having been under
taken. The number of locomotives and passenger cars re
main the same as the previous year.
During the year 651*28 tons of n e w steel rails and 102,894
cross-ties were used for renewals and for additional traoks
and sidings.
Comparative statistics for four years, compiled for the
Ch r onicle , are as follow s:.
FISCAL RESULTS.
1894.
228
Miles operated............... . .
$
Earnings—
Passengers"..................... . . . 877,747
Freight............... ............ . . . 511,179
163,824
MailT express, &o..........
1892.
1893.
263
228
$
$
969,276 1,015,542
571,864
560,615
158,916
158,155
1891.
226
$
991,150
518,154
148,786
Total gross earnings . ...1,552,750 1,688,046 1,746,322 1,658,090
Expenses—
433,174
479,884
487,591
Transportation............. ... 447,069
379,361
405,612
411,837
Motive power................. .. 382,922
93,361
95,180
99,889
94,601
Maintenance of oars ...
286,768
272,404
262,036
Maintenance of w a y ... ... 223,226
24,328
26,222
25,485
.
.
.
25,444
General..........................
1,216,987
1,279,302
T o ta l...................... ..1,173,263 1,286,838
441,103
467,020
401,208
Net earnings............. ... 379,487
INCOME ACCOUNT.
1894.
$
379,487
21,869
1893.
$
401,208
18,884
1892.
$
467,020
10,872
1891.
$
441,108
9,895
Total incom e............... . . . 401,356
Disb urscments—
28,574
Rentals paid.................. . . .
Int. on W. Jersey debt . . . 175,000
Net earn.of W. J.&A.RR.dtO 28,273
Dividends....................... . . . 189,852
9,462
Miscellaneous...............
420,092
477,892
450,998
28,574
175,000
21,988
153,016
11,578
28,400
175,174
9,819
153,132
13,322
28,400
175,174
24,241
150,641
5,737
Receipts—
Net earnings.................. . . .
Other receipts............... . . .
384,193
379,847
390,156
Total disbursements. . . . 431,161
Balance.......................... ,def.*29,805 sur.29,938 sur.98,045 sur.66,805
* Balanoe to credit of income acoount Dec. 31,1894, $451,074.
GENERAL BALANCE SHEET DECEMBER 31, 1894.
Liabilities.
Assets.
Common s t o c k ...........$2,622,850
R oa d......................$3,694,209
Special guar, »took......
104,250
359,759
Real estate..........
Funded debt (see I nEquipm ent..........
902,581
VE 8 TOR8 ’ Supp .) ........ 3,242,900
Securities o w n e d 1,063,650
112,564
Due from other co’ 8.,&o.
23,915 Pay-rolls & vouchers.
25,454
Materials on hand.......
32,366 Net traffic balances...
6,264
Int.
on
bonds
uncoil'd.
Bills receivable....
7,351
2,842
8upeiintend’t & agents.
42,736 Dividends uncollected
44
Dividend
scrip.............
C ash........................
85,425
451,074
Profit and loss.............
Sinking fund.......
356,250
.
EARNINGS, EXPENSES AND CHARGES.
Earnings—
1894.
Freight............................
......$1,681,009
Passenger.................
563,671
Mail and express............
60,961
R entals..............................................................
13,037
Total............................$6,568,242
Total............................ $6,568,242
$1,003,619 RR. stocks as follow s: 930 shares All. <fe Quin. RR. Co.;
443 shares Cape Is. Turnpike Co.; 7,000 shares Cape May & Millville
RR. Co.; 11,400 shares W. J. & At. RR. Co.; 120 shares West Jersey
Ex. Co.; 1.812 shares W. J. RR. Co. common and $80,000 mortgages.
—V. 58, p. 512.
GENERAL
IN V E ST M E N T
N EW S.
Anthracite Coal Roads.—The sales agents yesterday sub
stantially agreed to confine mining operations to three con
secutive days a week. This plan was adopted in lieu of a per
centage basis, concerning which no agreement ha3 been
reached, and it is hoped it will hold until a permanent settle
ment of the existing differences can be consummated. As to
prices it was decided to restore the April circular at once,
This is $ 8 35 for broken, egg and chestnut sizes and $ 8 50 for
stove sizes, f. o. b. gross, at tidewater. Since this circular was
established late in March prices have sagged until to-day they
are about $3 on a basis of stove coal. It may be some time
before the order of to-day becomes operative, as there are a
considerable number of orders on the books which have some
* time yet to run. The following Western prices were estab-
791
THE CHRONICLE.
lished : At Buffalo, gross, $3 75 for broken and $3 90 for
other sizes; at Chicago, net, $4 60 for broken and $4 75 for
other sizes.—V, 60, p. 7 4 7 .
Atchis< n System—Colorado Midland.—At St. Louis on
Wednesday Judge Caldwell granted an application for the
separation of the Colorado Midland from the Santa Fe re
ceivership. A. F. Walker, John J. McCook and J. C. Wilson
resigned as receivers and Henry Ristine was appointed. The
appointment was made with the consent of the Union Trust
Company, which notified the Federal Court with the concur
rence of the Atchison receivers and the Joint Executive Com
mittee that it withdrew its objection to a separate receiver
ship.—V. 60, p. 747.
Atchison Topeka & Santa Fe.—The Joint Executive Com
mittee announce that engraved certificates of deposit in the
form approved by the New York Stock Exchange are now
ready to be delivered to depositing security holders in ex
change for bonds and stock deposited by them, and applica
tion will be made to have them listed on the Stock Exchange
as soon as a sufficient amount has been deposited.—Y. 60,
p. 710.
Atlanta & Florida.—The sale of this road, which was to
have taken place on Monday, has been postponed by order of
Judge Newman of the Federal Court until June 3.—V. 60, p.
Atlantic Avenue (Street) RR.—President Benjamin Nor
ton, Vice-President John P. Ilsley and Secretary and Treas
urer Benjamin Frick have been re-elected, and the following
Executive Committee for the ensuing year have been elected
by the Board: Benjamin Norton, John P. Ilsley, William A.
Read and Henry Seiigman. The old Board of Directors, e x
cept the late William T. Richardson, were re-elected last week.
A settlement is reported to have been agreed upon between
the Long Island Railroad and the Atlantic Avenue Company,
relative to claim for back rent«Is, over which the companies
have been at war.—Y. 60, p. 4 7 9 .
Atlantic Coast Electric.—This trolley company filed at
Freehold, N. J., on Wednesday, a mortgage, given to the
Knickerbocker Trust Co. of New York, for $1,000,000 of 5 per
cent 50-year gold bonds. The company controls the trolley
system through Asbury Park, Long Branch and other places
along the coast from Point Pleasant to Pleasure Bay, where it
will connect with a line of steamers running to New York.
Atlantic Short Line.—John R. Young of Savannah has
been appointed permanent receiver of the Atlantic Short
Line.—V. 60, p. 711.
Baltimore Belt—Baltimore & Ohio Tunnel.—The Belt Line
Railroad, which has been built through the city of Baltimore
from Camden station to Bayview Junction, on the Philadel
phia division of the Baltimore & Ohio Railroad, a distance
of seven and a-half miles, was formally* opened for business
on Wednesday morning. Hereafter there will be no trans
ferring of passenger trains across the Patapsco River. The
electric lccomotives will probably be ready by June 1.
The tunnel proper is about 7,300feet long and will shorten
the passenger train schedule between Washington, Philadel
phia and New York, In the Baltimore & Ohio summer
schedule, which will go into effect May 12, the time of the
Royal Blue trains between New York and Washington is re
duced to four and a-half hours; between Philadelphia and
Washington to two and a half hours.— V. 60, p. 711.
Bangor & Aroostook.—The County of Aroostook, Maine,
has voted $228,000 to aid in the construction of a branch from
Oakfield on the main line of the Bangor & Aroostook to Ash
land, a distance of 40 miles. The new line will open up a
valuable timber section. A map of the road in our I n v e s t o r s ’
S u p p le m e n t shows the proposed branch.—V. 60, p. 7 4 7 .
Brooklyn City & Newtown (Street) RR.—Earnings for the
quarter and the nine months ending March 31 are reported as
follows:
3 months
Gross
end. Mar. 31.
tamings.
1895...........
$156,562
1894.......................... 135,443
9 months.
1894-95. ...........
$458,667
1893-94..................... 434,496
Bet
earnings.
$54,950
41,960
Interest,
■ taxes, etc.
$31,695
29,261
Balance,
surplus.
$23,255
12,699
$176,878
171,550
$93,230
85,084
$83,648
86,466
—V. 60, p. 301.
Cape Fear & Yadkin Valley.—The hearing of the testi
mony in the case before Special Commissioner Martin was
concluded at Wilmington, N. C., last week, and the following
points were settled: The Farmers’ Loan & Trust Company
relinquishes its claims on the branch roads, and these
now go to the second mortgage bondholders. The Trust
Company also concedes that the North State Improvement
Company, which formerly operated and principally owned
the road, is the owner yet o f certain rolling stock valued at
$86,000, which was held under lease by the company. It is
understood that all obstacles to the reorganization of the road
have now been removed.—V. 60, p. 522.
Cedar Falls & Minnesota—Illinois Central.—At the an
nual meeting on April 27 the Cedar Falls & Minnesota stock
holders elected as directors E. H. Harriman, New Y o r k ;
John Dunn, Chicago; D. D. Myers, Charles T. Hancock, W.
J. Knight and C. E. Wales, Dubuque. The directors elected
W . J. Kright, President, John Dunn, Vice-President, C. H.
Booth, Dubuque, Secretary, and C. H. Wenman, Assistant
Secretary. Some time ago the Illinois Central offered to pur
chase the bonds of this company (see V. 59, p. 919) and it now
appears that it has acquired control of the stock.—V. 60, p. 82.
[VOL. LX.
Chesapeake & Ohio—Chicago & Grand Trank.— As show
ing the growth of export traffic over the Chesapeake & Ohio
the following statement from the annual report o f the Chi
cago & Grand Trunk is significant :
The export traffic via Newport News has also grown to such an
enormous extent during the last two years that it has become one of
the principal factors for the decrease in the tonnage received at and
forwarded from Chicago. This traffic is worked over the Chesapeake
& Ohio road through, more particularly, Cincinnati, and to give an
idea how this route has grown in popularity during the last few years
I have had prepared the following statement of export traffic from New
port News:
Flour, Ibis.
Wheat, bush.
Corn, bush.
1889
..
39,366
15,077
746,940
1890
............................ 132,295
270,952
519,232
............................ 791,687
1891
1,822,717
541,677
1892
............................ 451,935
1,359,063
623,726
1893
............................ 685,592
1,875,282
1,893,349
1894...................................... 646,751
2,35J,5C0
4,688,759
—V. 60, p. 258.
Chicago & Northern P a cific.—At Chicago, on Monday,
Judge Jenkins, in the United States Circuit Court, appointed
A. Lawrence Hopkins of New York sole receiver of this com
pany in place of receivers Morgan, Howland and Van Norden resigned.—Y. 60, p. 748.
Citizens’ Street RR,—City Railway (Indianapolis, Ind.)
—The attorneys of the City Railway Company in its suit
against the Citizens’ Street Riilroad Company, which has
been appealed to the Supreme Court of the United States,
and which appeal is still pending, on April 26 took an appeal
to the Circuit Court of Appeals for the Seventh District. It
is said the appeal to the Circuit Court of Aopeals is simply a
precautionary step, and is not in conflict with the appeal to
the Supreme Court. It was feared that there might be some
element in the writ of error that would require it to come be
fore the Circuit Court of Appeals.
Dubuque & Sioux City.—Illinois Central.—Under the
title “ Bonds of one company secured by the mortgage of an
other” was published in last week’s C h r o n ic l e an editorial
touching the Illinois Central Western Lines bonds. These
bonds are authorized to a total of $ 10 , 0 0 0 ,0 0 0 , and if eventu
ally all issued will cover at the rate of a little less than
$25,000 per mile 402 miles of road—not 303 miles, as the total
of the several divisions was erroneously given last week.
— V. 60, p. 731.
Edison Electric Illuminating Co. of New York.—At the
special meeting of stockholders May 1 the new consol
idated mortgage was duly authorized by considerably
more than a two-thirds vote.—Y . 60, p. 606.
Fitchburg.—Earnings for the quarter and the nine months
ending March 31 have been reported to the C h r o n ic l e as
follows.
3 months
Gross
Net
ending Mar. 31. earnings.
earnings.
1895........ ........ $1,580,108
$403,311
346,172
1894 .................. 1,474,110
Q >wnil 17) q
1894-95
___$5,422,362 $1,750,354
1893-94 .............. 5,163,337 1,551,332
- V . 60, p. 656.
Interest,
taxes, rents.
$387,394
386,789
$1,152,472
1.159,685
Balance.
sur. $15,917
def. 40,617
sur. $597,882
sur. 391,647
Fort Mark Street Railway.—At Peoria, III., on April 30,
this road was sold for $275,000. Attorney John S. Stevem
bought the property in for the bondholders. A decree of con
firmation of the sale will be applied for in the Circuit Court
next week, and when that is obtained a deed to the property
will be transferred.—V. 60, p. 606.
Forty second St. Manhattanyille & St. Nicholas Ave.
(Street) Ry.—Earnings for the quarter ending March 31 are
reported as follows:
3 mos.
Gross
Net
end. Mar. 31.
earnings, earnings,
1895......................$142,054 $18,131
1 8 9 4 ............
140,936 16,757
Other
income.
$1,000
783
Charges.
$30,699
30,686
Balance,
deficit.
$11,568
13,146
For the nine months ending March 31, 1895, gross, $471,573;
net, $83,006; other income, $2,998; charges, $92,128; balance,
deficit, $6,124, against deficit of $13,332 for same period in
1893-4.—V. 59, p. 780.
Georgia Southern & Florida.—The foreclosure sale of this
property was confirmed at Macon, Ga., on Monday. No prior
obligations are binding upon the new company.—V. 60.
p. 606.
Grand Rapids & Indiana.—On Saturday, April 27, a peti
tion for a receiver for this company, pending foreclosure
proceedings, was filed with the United States Circuit Court at
Grand Rapids, Mich. The action is brought on the so-called
second mortgage given August 1, 1884, to secure $3,000,000
bonds, due in 1899. Of this authorized amount there are out
standing $2,975,000, of which $2,700,000 are owned by the
Pennsylvania RR. Co. The company has been financially
embarrassed for some time past. Its annual report, pub
lished in the C h r o n ic l e of April 20, page 709, gave full par
ticulars as to its status and floating debt.—V. 60, p. 709,
Grand Trunk o f Canada.—At the meeting of stockholders
in London, April 30, Sir Henry Tyler, President of the com
pany, presided, and announced that the Board of Directors
had adopted a resolution that, it having been reported to them
that a committee of shareholders had obtained a majority of
the proxies, they had decided to resign their seats and were
prepared to hold themselves at the disposal of the sharehold
ers. The r* signation of the directors was accepted with few
dissenting voices, and the meeting adjourned to May 7. Sir
Charles Rivers Wilson, it is reported, will succeed Sir Henry
Tyler as President of the company.
Ma y 4, 1895.]
THE CHRONICLE.
Kansas City Pittsburg & Gulf.—The city of Shreveport,
La., proposes to donate to the Kansas City Pittsburg & Gulf
$250,000 from the parish and $75,000 from the city of Shreve
port, payable by taxation, in return for which the railway
will establish machine shops and also have its division head
quarters in that city, and build a handsome passenger sta
tion.—Y . 60, p. 480.
Kings County Elevated.—The Kings County and Fulton
elevated railroads were amalgamated this week.
Al
though both roads were practically under the same control,
yet a separate board of directors has up to now been elected
for each concern. General Jourdan, President of the Kings
County “ L” road, was elected to the presidency o f the con
solidated.—V. 59, p. 835.
Knoxville Cumberland Gap & Louisville.—It is reported
from Chattanooga, Tenn., that Judge Clark will hear the case
of the Central Trust Company of New York vs. The K nox
ville Cumberland Gap & Louisville Railway on May 11.
Lake Street Elevated.—The Slaughter reorganization com
mittee give notice that a sufficient number of the first mort
gage bonds have been deposited under the adjustment agree
ment and that further deposits will be received without pen
alty only up to and including May 10. From May 11 to May
31 inclusive further deposits will be received, but only upon
payment of $10 per bond. See advertisement in another col
umn.—V. 60, p. 711.
Long Island Traction—Brooklyn Heights RR.—Earnings
of the Brooklyn Heights RR., including the Brooklyn City,
for the quarter and the nine mouths ending March 31, are re
ported as follows. The strike on the Brooklyn trolley lines
lasted from Jan. 14 to Jan. 31, 1895, practically cutting off all
earnings for that period.
3 mos.end. Gross
Mar.31. earnings.
1 8 9 5 .. .. $603,374
1 8 9 4.. ..
908,219
9 771OS
Net
Other
Charges,
earnings.
income, incl.rentals.
Balance.
def.$S6,475 $52,225 $512,760 def.$527,010
net229,497
56,274
444,455 def.158,684
1894 95.$2,966,105 net $842,503 $161,022 $1,535,001 def.$531,476
1893 94. 3,119,375 net 1,171,867 133,276 1,267,926 sur. 37,317
—Y. 60, p. 748.
Louisville New Albany & Chicago.—The management has
issued instructions for the immediate completion of the wid
ening of track on the branch from Bedford, Ind., on the
main line, 42 miles to Switz City, Ind., which is within six
miles of some of the principal coal mines in the Illinois coal
field.—V. 60, p. 748.
Macon & Birmingham.—The sale o f this road, under fore
closure, has been postponed from May 7 until the first Satur
day in November.—V. 60, p. 83.
Manhattan Elevated.—J. P. Morgan & Co., it is under
stood, will take the consolidated 4 per cent bonds which will
be issued to retire the $8,500,000 New York Elevated 1st 7s,
which are redeemable at 105 per cent on January 1, 1896.—
Y . 60, p. 657.
Metropolitan Traction—Metropolitan Street Railway
(New York City).—Comptroller Fitch sold this week the fran
chise for an extension of ,the Lexington Avenue & Pavonia
Ferry Railroad Company, running from Lexington Avenue
and East Ninety-sixth Street to First Avenue, to East Niuetythird Street, to Avenue A, to the Astoria Ferry, John D.
Crimmins, representing the Metropolitan Street Railway
Company, secured the franchise at a premium of one-eighth
of one per cent over the upset price, which is three per cent
of the gross receipts for the first three years and five per cent
for the remainder of the term. The company gave bonds for
$50,000 for the completion of the road within a year from date.
—V. 60, p. 657.
Metropolitan Street Railway of Kansas City.—A meeting
of the stockholders of this company will be held at Kansas
City, Mo., on Monday, the 20th day of May, 1895, for the pur
pose of voting upon the following propositions, viz.:
795
Director Frank P. McIntyre, of Boston, succeeds S. W . Rey
nolds and Pablo Martinez Del Rio, of Mexico, succeeds Oliver
Ames; Director Henry R. Nickerson succeeds Edward W .
Jackson as General Manager of the road.
The stockholders ratified the action of the directors in
guaranteeing the bonds of the Tampico Harbor Company
issued under its mortgage of Jan. 1, 1894, which amount to
$3,462,000. These bonds are all owned by the Mexican Cen
tral, and are in its treasury.
President Robinson made a statement to the stockholders,
from which the following is taken:
“ There has been quite a stimulus in the cattle trade, owing
to the new United States tariff laws, which will eventually bring
the export trade of Mexico in direct competition with the
United States.
The mineral industry has also been helped.
The smelter which was being built at the time of the last annual
meeting will be in operation inside of 90 days, but the revenue
to the Mexican Central Company will neoessarily be slight this year.
Business in Tampico harbor is increasing rapidly, and for three
months of this year the increase was 50 per cent over 1894. Local
business has also been heavy, but it is hardly reasonable to expect it
to continue in the same proportion. The international business is
growing, which may offset the loss in local business.”—Y . 60, p. 750.
—V. 60, p. 750.
Minneapolis & St. Lonis.—Under a contract just entered
into the Sc. Paul & Duluth has begun operating its road over
the terminal property of the Minneapolis & Sc. Louis for all
Minneapolis business. Heretofore the Duluth Company did
its Minneapolis business over the Great N orthern terminals.
The change will result in mutual benefits to the Minneapolis
& St. Louis and the St. Paul & Duluth roads.
It is understood that a large block of Minneapolis & St.
Louis new 5 per cent bonds was recently sold to Speyer & Co.
and has been placed abroad. The amount is sail on good
authority to be between $1,500,000 and $2,000,000.—New York
News Bureau.—Y. 59, p. 1145.
Missouri Pacific—Si. Louis Iron Mountain & Southern.
—A special meeting of the stockholders of these companies is
to be held in St. Louis on Wednesday, June 12, for the pur
pose of considering and acting upon a trust indenture exe
cuted by these companies to fund and secure their floating
indebtedness, and the resolution of the boards of directors of
the companies relating thereto.
At Lincoln, Neb., Apr. 30, the United States Supreme Court
granted a writ of error in the case of the Fitzgerald-Mallory
Construction Company against the Missouri Pacific R iilw ay
Company, and the records are to be forwarded to the State
Supreme Court. A judgment of $309,633 was recently
granted by the Nebraska Supreme Court against the railway
company. In order to carry this case up, the Missouri Paci
fic gives a bond for a large amount signed by George J.
Gould and Edwin Gould as sureties. The case ha3 been
pending several years.—Y. 60, p. 478.
Mobile & Birmingham.—This road was sold in foreclosure
at Mobile on Saturday, April 27, and bid in by T. G. Bush,
representing the bondholders, for $500,000. There was no
other bidder. A plan of reorganization has already been
adopted, and the road will be re-railed and other wise improved
as soon as possible after July 1.—Y. 60, p. 657.
New York Chicago & St. Louis.—Earnings for the quar
ter ending March 31 are reported as follows:
3 months.
Gross
Net
Other
end. Mar. 31.
earnings.
earnings, income. Charges. Balance.
1895 ................. $L,501,346 $281,846 $1,738 $285,836 def. $2,252
1894........
1,298,002
151,548
2,163 283,507 def.129,796
—V. 60, p. 792.
New York Lake Erie & W estern.—In consequence of poor
health, Mr. John King has resigned as receiver of the Erie
and Mr. E. B. Thomas has been appointed in his place.—Vol.
60, p. 712.
New York & New England.—Judge Wallace in the United
Slates Circuit Court on Wednesday handed down a decree
granting the prayer for the foreclosure of the second mort
1. To increase the c ipital stookof the said company from. $3,600,000, gage.— V. 60, p. 719.
its present authorized capital, to $9,500,000.
Norfolk & W estern.—A t the annual meeting of the stock
2. To increase the bonded indebtedness of said company from $ 2,- holders of the company on Wednesday Mr. F. J. Kimball was
000,000, its present b m d-d indebtedness, to $3,500,00).
3. To purchase and acquire the railroad and property and sh ires of re-elected President. The board of directors for the next year
capital stock of the Kansas City Cable Riilw ay Company, incorpor was elected as follows: F. J. Kimball, J oseph I. Doran, Rich
ated July 3, 18 s3, and of the Kansas City & Independence Railway ard S. Brock, Samuel A. Crozer, A. J. Dull, U. L, B).yce,
Company.
4. To purchase and acquire the railroad and pro oerty and shares of Walter H Taylor, Henry Whelen, Jr , Harry F. West, H. S.
Trout, Harold M. S .11, William B. Campbell and Clare ice H.
capital stock of the Grand Avenue Railway Company.
5. To purchase and acquire the railroad and property of the Kansas
City & Independence Rapid Transit Railway, or certain bonds and
stock of said company.
6 To purchase and acquire the railroad and property of the West
Side Railway Company, or certain bonds and stock of said oompanv.
7. Such other matters and propositions as may properly come before
the meeting.
Mexican Central Railway Company (Limited).— At the
annual meeting of the stockholders of this company, held on
Wednesday, the following directors were elected: Charles A.
Browne, Isaac T. Barr, Benjamin P. Cheney, Jr., Jacob Ed
wards, Frank P. McIntyre, E. Rollins Morse, William R)tch,
Alden Speare, Joseph H. W aite and George B. Wilbur, all of
Boston; Sebastian Camacho, Pablo Martinez Del Rio and
Henry R. Nickerson, of Mexico; Joseph Richardson, of New
York; Albert A. Robinson, of Topeka, Kan.; Levi Z. Leiter,
o f Chicago, and Robert R Symon, of London, Eng.
Subsequently the Board elected the following officers: Pres
ident, A. A. Robinson; Vice-President, R. R, Symon; Clerk
and Comptroller, J. T. Harmer; Treasurer and Transfer
Agent, Charles A. Browne; General Manager, H. R Nicker
son; Assistant Treasurer, Jay A. Hendry; Auditor, W. A.
Frost.
Ql^rk
Coupons maturing May 1, 1895, of the Norfolk & Western
RR Co.’s general mortgage 6 per cent bonds, and of the
Scioto Valley & New Eagland RR. Co.’s first mortgage 4 per
cent bonds were paid when due. at the office of the receivers in
Philadelphia and at the Mercantile Trust Company, New
York.—V. 60, p. 606.
North Shore Traction (Boston) —The directors of this
company have declared a dividend of 12 per cent on the pre
ferred stock, representing the profits for two years. The last
dividend was paid in April, 1893. The stock is held largely in
this city and Boston. Tne dividend is payable May 18.
Ohio Southern.—A holder of car trust notes issued by the
Ohio Southern Railroad obtained this week an attachment
against the company from Judge Lawrence of the Supreme
Court for $14,000 payments in arrears, and sought to levy on
the money deposited with the Central Trust Co. to meet the
interest on the company’s bonds due May 1. Tne Central
Trust Company, however, took the position that it received
the money simply as trustee for the bondholders, and that it
was not liable to any process directed against the railroad
796
THE CHRONICLE.
[Y ol. LX.
company. The courts have decided that funds specifically in
the hands of a depository for meeting interest on bonds can
d e p a r t s a n d jE lcratnm its.
not be attached.—V. 5 9 , p. 7 3 9 .
Oregon Short Line & Utah Northern.—The application
for the appointment for this company of receivers distinct
G E N E R A L E L E C T R IC C O M P A N Y .
from those in charge of the Union Pacific has been up this
week on appeal at St. Paul before Judge Sanborn o f the
Eighth Circuit Court.—V. 60, p. 563.
THIRD ANNUAL REPORT—FOR THE YEA R ENDING
Philadelphia & Heading.—The results of operations for
JANUARY 31, 1895.
March and the four months of the fiscal year—Dec. 1 to
March 31—have been as follows :
S c h e n e c t a d y , N. Y ., May 1,1895.
•-----------March.----------, ,— Dec. 1 to Mar. 31.— >
1895.
1894.
1893-94. To the Stockholders o f the General E lectric Company:
1894-95.
R a il r o a d Co m p a n y - $
$
$
$
Gross receipts............... 1,686,532 1,534,844
Operating expenses.... 953,341
891,814
6,251,610
3,740,537
Operating profit___
Net from other sources
733,191
28,761
643,030
14,260
2,511,073
212,531
Total.........................
Deduct—
Equipment payments..
Terminal trackage......
Improvements, etc.......
Proport’n year’s ch’ges
761,952
657,290
2,723,604
66,489
50,000
2,316
705,000
101,939
50,000
9,869
704,470
336,396
200,000
65,981
2,820,000
Total.........................
Balance, deficit.............
823,805
61,853
866,278
208,988
3,422,377
698,773
Gross receipts............... 1,648,791 1,247,510
Operating expenses.. . . 1,482,835 1,280,082
Colliery improvements.
38,796
38,702
Perman’t improvem’ ts.
3,449
1,796
7,105,230
7,145,592
157,300
16,604
Co a l & I r o n C o .—
5,961,268
3,559,490
For the sake of greater clearness, the following report has
been divided into two sections, showing :
1st. The result of liquidatine the assets which appeared on
2,401,778
176,284 the Company’s books prior to January 31, 1894.
2d. The result of the business of the fiscal year ending
2,578,062
January 31, 1895.
447,956 As previously reported, the profit and loss statement
2UO.OOO
showed on January 31,1894, a debit balance o f........ $12,454,967 42
111,345
result of liquidating and providing for loss on the
2,817,880 The
old assets, as explained below, has increased this by.
2,754,392 27
3,577,181
999,119 Mating the total loss on old accounts (prior to 1894) as
now ascertained or estimated......................................... $15,209,359 69
The business of the year 1894 has yielded a net profit
6,591,272
(over interest on debentures) o f ....................................
414,642 72
6,533,701
138,075 Leaving the present debit balance of profit and lo s s ... $14,794,716 97
6,987
Gross expenses............. 1,525,080 1,320,580
7,319,496
6,678,763
Result from m ining....pr.123,711108873,070 1088214,266 loss87,491
Proport’nyear’s charges
106,000 122,209
424,000
447,170
Balance........................ sr. 17,711 df. 195,279 def.638,266 def. 534,661
P. & R. a n d C. & I. Co.—
Deficit of Railroad Co..
61.853 208,988
698.773
999,119
Result of C. & I. Co---- sur.17,711 df.195,279 df.6r8,266 def.534,661
Def.both companies..
44,142
404,267
1,337,039
1,533,780
Reorganization Flans, etc.—The following is an index to
all defaults, reorganization plans, the names of all reorganiza
tion committees and all statements respecting the payment
of overdue coupons that have been published in the C h r o n
ic l e since the
April edition of the I n v e s t o r s ’ S u p p l e
m e n t was issued, all earlier facts of this nature being set forth
in that publication. It does not, however, include matter in
to-day’s C h r o n ic l e .
The folio wing abbreviations are used: Plan for reorganization
or readjustment plan ; coup, for coupon payments ; def. for
default; Com. for committee.
....
Volume 60.
Page.
Volume GO.
Page.
Atchison System—
Chicago & West M ich ... com». 748
Colorado Midland.......coup. 747
South Bend & Mishawaka.—The foreclosure sale of this
street railway will take place May 29, 1895, at South Bend,
Ind.—Yol. 60, p. 563.
Schuylkill Traction Company.—This line runs through
Ashland, Girardville, Shenandoah and Mahanoy City, Schuyl
kill County, Pa. Gross earnings for the six months ending
March 31, 1895, were $40,596, a decrease of $75 from the pre
vious year; expenses $27,855; Det earnings $12,741; a decrease
of $1,436. The heavy snow and extremely cold weather in
January and February increased expenses and decreased
travel.
Southern Railway—Cincinnati Hamilton & Dayton—
Alabama Great Southern.—The C h r o n ic l e has learned
officially that the Southern Railway and the Cincinnati Hamil
ton & Dayton Railroad interests have settled all differences as
to the Cincinnati extension bonds and the properties under
lying tht m, on a basis entirely satisfactory to both parties.
The Southern Railway has taken control of the Alabama
Great Southern RR. Co. by the election of Samuel Spencer,
Chas. H Coster, J. P. Morgan, Jr., Francis Lynde Stetson,
W . G. Oakman, A. S. Thomas and Geo. W . Maslin as a ma
jority of the board of directors, with Samuel Spencer as
Chairman.
Under the terms of the settlement the C. H. & D. interests
retire entirely from the Alabama Great Southern, the South
ern Railway having acquired their entire holdings. The con
trol in capital stock of the Cincinnati New Orleans & Texas
Pacific Company is to be owned and held equally and jointly
by the Southern Railway and the C. H. & D. interests, and it
is hoped that a reorganization of that company, or a new
lease or the purchase of the Cincinnati Southern, can be
effected and the line continued under neutral management to
be operated independently, but preferably in the interest of
the C. H. & D, on the north and the Southern and the Ala
bama Great Southern on the south. This ensures harmony
between the parties, stops litigation, strengthens the proper
ties and fully protects the interests of Cincinnati in the man
ner in which her citizens seemed to prefer. The Southern
Railway Company retains the ownership of the old Louisville
Southern Line, which insures also protection to the city of
Louisville.—Y. 60, p. 710.
Tannton Street Railway—Globe Street Railway.—The
bill to allow the Taunton Street Railway Company to pur
chase the Globe Street Railway o f Fall River was defeated
this week in the Massachusetts House of Representatives.
W * For other Investment Items see page 79 9 .
LIQUIDATION OF OLD BUSINESS.
In the last annual report your Directors sought to exhibit
the extent to which your Company had suffered from the
panic of 1893, and from other causes inherent in some of the
enterprises in which it became interested at the time of its
organization. Mention was made of the fact that the Ac
counts Receivable included $2,531,609 8 8 due by the Fort
Wayne & Northwest Companies and other allied interests.
Contrary to the expectation of your Directors, and the state ments of persons directly interested in the Northwest Com
pany, your claim as a creditor of that Company now proves
to be without value; and certain other interests inherited by
your Company through the Northwest Company are also
valueless. The aggregate loss from these sources is about
$945,000 (viz,, $456,484 43 on the account owned and about
$489,000 on other items), and this sum is included in the
charges to Profit and Loss in the Supplementary Statement
for the year 1893 attached hereto.
During the past year the Fort Wayne Electric Company, a
former ally of one of your constituent companies, has gone
into the hands of Receivers, and its affairs are now bein g
liquidated by the Court. Your company has filed with the
Receivers its claim for $1,137,555 48.
The balance sheet, and the schedules accompanying it, show
the outstanding interests of your Company as stockholder in
manufacturing and other companies. Many of these securi
ties will be sold as opportunity offers. Such a course will, in
some instances, involve considerable shrinkage from former
book values.
There exist also several unsettled contracts antedating the
formation of your Company, but which your Company has to
recognize, and which will cost, perhaps, $500,000 to settle.
To cover the estimated loss on all the matters above men
tioned, your Directors have arbitrarily charged $2,000,000 to
Profit and Loss account, and the results, as shown at the head
of this report, are after making this deduction.
BUSINESS OF THE FISCAL YEAR ENDING JANUARY 31, 1895.
Notwithstanding the adverse conditions of the past year,
the output of your various factories at cost value was only
slightly below that of the previous year. The output in the
amount of material produced was considerably in excess of
the previous year.
Special attention has been given to the supervision of
credits, economy of administration and the improvement of
factory facilities, and your Directors and Officers have sought
to adopt every device calculated to increase the efficiency of
manufacture and to reduce the cost of the manufactured
product. In this they have been in a marked degree success
ful, and great credit is due those officers and employees of
your Company directly in charge of manufacturing details.
In the last annual report mention was made of the shrink
age in inventory values o f electrical machinery arising from
new inventions and improvements, whereby types of ma
chinery which have been the best of their kind are often
rendered obsolete. It is impossible to guard wholly against
loss from this source, inasmuch as it is essential for your
Company to keep on hand at all times a considerable stock of
manufactured goods Such stock has been greatly reduced
in the past year, and it will be the policy of your Board to
keep it down to the lowest point consistent with prompt fill
ing of orders. This, together with the work accomplished
in developing standard types of apparatus and supplies, war
rants belief that the loss from this source will be diminished
in the future.
In the last report your Directors expressed the opinion
that they could, out of the then unliquidated assets, pay off the
balance of your floating debt and also provide all necessary
working capital. These expectations have been realized, and
in addition thereto the Company has purchased and canceled
Ma y 4, 1895.]
THE CHRONICLE.
797
$1,230,000 of its own Debentures at an a v e r s e cost o f less current and previous years, and the stockholders are referred
to same for details as to these matters.
than 89 per cent.
In closing this report, the President and Directors desire to
As will be seen by the statement of Profit and Loss
herewith, the business of the year just closed
express their thanks for the good work done by the officers
amounted to ....................................................................... $13,263,61158 and employees of the Company in their efficient administra
The cost of goods sold, legal and general expenses and
taxes w e re ....................................... .................................. 11,451,863 98 tion of the various departments.
By order of the Board of Directors,
Leaving a gross profit o f............................................. $1,811,747 60
C. A. COFFIN,
Against which is charged interest on Debentures out
President,
standing.......................................... .............. ....................
464,583 33
Leaving (over interest on debentures).....................
There are further charged off:
Various old losses which are difficult of
division between 1894 and earlier
years, and are therefore all charged
against the year ending Jan. 31,1895. $443,023 96
Cost of all patents ana franchises ac
quired or settled for during the year.. 162,298 11
Depreciation of inventories..................... 288,40114
Sundry losses.............................................. ' 38,798 34
------------------
$1,347,164 27
S c h e n e c t a d y , N. Y ., May 1, 1895.
C. A . Coffin, Esq., President.
Si r - I submit herewith:
(1) Consolidated B alance Sheet .
It includes the assets and liabilities of the Edison General
Electric, Edison Electric Light and the Thomson-Houston
932,52155 Electric Companies, which, for convenience of book-keeping
only, are consolidated with those of the General Electric
Leaving a net profit o f..................................................
$414,642 72 Company. The assets and liabilities of the Thomson-Houston
International Electric and the Pennsylvania General Electric
EXPIRATION OF TOE INCANDESCENT LAMP PATENT.
Companies were taken over by the General Electric Company
As a result of the decision in the “ Bate case,” recently an during the past year and are also included in this Balance
nounced by the Supreme Court of the United States, it is now Sheet.
(2) Consolidated Statement of P rofit and L oss.
settled that the fundamental patent upon the Edison Incan
descent Lamp expired in November, 1894. Your Company still
It includes the Profit and Loss accounts of all the com
owns patents of more or less importance upon the incandescent panies above mentioned.
lamp, but it will; chiefly realize upon the high quality
of the lamp manufactured by it and its facilities for manu
Explanation of the items is as follows :
facturing in large quantities at a low cost to maintain its
commanding position in the lamp business irrespective of
ASSETS.
patent control. Lamp prices have necessarily been greatly
P atents and franchises .
reduced. While the volume of this important part o f your
This account remains at the amount shown in the last two
business will without doubt be largely increased in the future,
the percentage of profit thereon will necessarily be less than annual reports. It represents, as stated in those reports, the
cost to the General Electric Company of the Edison and
heretofore.
Thomson-Houston patents and contract rights, and its interest
PATENT LITIGATION.
in the patents of the various Thomson-Houston sub-compan
During the year the Company has been successful in a ies. During the year $94,917 11 was expended in purchasing
number of suits in which it has been attacked by the owners and taking out new patents and $67,381 in acquiring the ter
of patents which it was charged with infringing. It has been ritorial licenses which the Thomson-Houston Company had
defeated in no such suit. A valuable patent on the Edison granted to the Thomson-Houston International Electric and
form of socket has been sustained by a Court of Appeals. the Thomson-Houston Electric Light Companies, the latter
Several important suits on railway patents owned by the Com being the predecessor of the Pennsylvania General Electric
pany are in progress, some of which will be argued this Company. These amounts, as well as all expenses of patent
spring.
litigation for the year, have been written off to Profit and
ENGINEERING DEPARTMENT.
Loss.
The work done by the Engineering Department during the
Manufacturing P lants.
past year deserves special mention. Much has been accom
This
account
represents
the real estate, buildings, machin
plished in the development of large units, as well as in the
ery, tools, etc,, at Schenectady, Lynn and Harrison. Their
perfection of the minor details of manufacture.
The only successful work yet accomplished in the operation book value at January 31, 1894, was $3,941,128 98. During
of elevated roads by electricity has been done by your Com the year $61,124 34 was expended for new buildings and
pany, and it is now engaged in important installations of un $268,079 73 for new machinery. On the other hand, $370,333 05 has been written off to Profit and Loss as an allowance
derground electric conduits for street railways.
In large power generators, in mining and power transmis for depreciation, leaving the present book cost of these plants
sion work, in regulating and measuring devices, and in rail $3,900,000, or $41,128 98 less than at January 31, 1894.
R eal E state .
way motors, the development and perfection of design have
been especially noticeable.
This account has been increased during the year $100,098 19, chiefly by taking real estate mortgaged to secure old
SELLING DEPARTMENT.
The selling organization has been conducted on an efficient accounts in settlement of those accounts.
Stocks and bonds .
and economical basis, and the sales made during the past year
have been almost wholly on a cash basis, the average terms of
Lists of these securities are annexed hereto in Schedules A
payment on all sales being 40 days after shipment.
and B.
Those having a market value have been taken at book
LICENSEE COMPANIES.
These companies contribute an important part of the busi values slightly under the price of recent sales. Where there
ness done by your Company in Central Station lighting and is no established price it has been necessary to estimate their
distribution of power, and tbeir growth and prosperity are value from financial statements submitted by officers of the
closely identified with the welfare of your own Company. respective companies. Effort has been made to keep the book
The relations which have heretofore existed between these values of stocks and bonds of “ local companies” down to
Licensee Companies and your Company continue, and the present cash values.
There are stocks and bonds of various companies amounting
policy of your Company in the future, as in the past, will be
to $3,500,000 at par,'but of so speculative a character that
to cultivate their business and co-operate in the development they
are carried at a total book value of only $82, being one
o f such licensees.
dollar for each lot. Some of these latter are practically
REDUCTION OF CAPITAL STOCK.
worthless, but others possess some merit and their aggregate
A t the last annual meeting the following vote was passed : value is likely to be considerable.
“ Resolved, That the matter of reducing the capital stock of
Notes and A ccounts R eceivable .
the Company in the manner prescribed by law be referred to
This account represents what is believed to be a conserva the incoming Board of Directors, with request that they give
it attention; and, if such a course commends itself to them, tive value of notes and open accounts of customers, after de that they call a special meeting of the stockholders for con ducting and charging off to Profit and Loss old note§ and ac
counts receivable of 466 debtors, not now dealt with except on
sideration and proper action/’ .
Your Board, after careful consideration, has deemed it a C. O. D. basis, amounting to $2,291,844'48, heretofore carried
at $234,973 69, but no longer carried as assets, except for the
inexpedient to take any action with reference thereto.
aggregate sum of $466, being one dollar for each debtor.
FUTURE BUSINESS.
They will be liquidated as speedily as possible.
The indications are favorable for a volume of business in
I nventories .
excess of that of last year; but prices are abnormally low,
This account represents raw materials, goods manufactured
and satisfactory results will largely depend upon the ability and in process of manufacture at the Works, and manufactured
of your company still further to reduce the cost of production goods on consignment and at Sales Offices, all at factory co 3 t.
and distribution of its manufactures.
They have been inventoried item by item.
Reductions from the sum at which they were previously
PATENTS.
The $8,159,264 02 at which patents are carried is the carried have been made and charged to Profit and Loss. The
amount at which their value was taken on pages 8 and 9 of continued writing down of manufactured goods is with the
intent that only standard salable apparatus shall be considered
the first annual report of your Company.
The attention of stockholders is called to the accompanying an asset.
Work in Progress .
Balance Sheet and Statements of Profit and Loss.
Attached hereto will be also found the report of the Second
This account represents the amount expended on installa
Vice-President, explaining in detail the items on the Balance tions in progress, without any credit for the profit to be de
Sheet and the relation of profit and loss to the business of the rived from such installations when completed and billed.
798
THE CHRONICLE.
LIABILITIES.
Capital Stock .
rvoL . L x *
1894.
. $744,341 31
Accounts payable, accrued interest, &c>. 446,307 92
1895.
None.
$494,258 01
.$1,190,649 23
.
591,143 88
$494,258 01
404,236 48
. $599,505 35
. 1,422,949 48
$90,021 53
None.
.$2,022,454 83
$90,021 53
To acquire five shares of Common and four shares of Pre
ferred Stock of the Thomson-H mston Electric Co., which had
not been exchanged at the date of the last annual report,
three shares of Common and one share of Preferred Stock of
this Company have been issued during the year.
I ndebtedness.
Pursuant to the policy announced in the last annual report,
various stocks and bonds which it was not desirable for the
Company to hold permanently have been marketed. Their
proceeds were placed in a special fund. The cost of all securi
ties purchased has been charged to that fund, as follows:
Reduction of unfunded debt..... ....................... .................... $509,483 82
Reduction of Real Estate liens...............................................
26,200 00
Debentures canceled............................................................... 1,250,000 00
Securities were sold fo r ...................................... .................. $1,307,298 07
Securities were acquired at a cost of .................................... 1,085,226 56
Total reduction of obligations.........................................$3,208,633 30
Leaving a balance.............................................................. $222,071 51
To this was added from the liquidation of old notes and
accounts receivable .the sum o f ..........................................
885,996 82
It is difficult to separate losses ascertained during the cur
rent year into those properly chargeable to this year and
those due to the errors or misfortunes of previous years. The
division of the Profit and Loss Statement has been made
with a view to exhibit, as far as it could be distinguished, the
profit of the year just ended. The losses incurred on notes
and accounts, over and above the allowance made therefor
last year, are due largely to diminished values of notes and
accounts o f customers of the Northwest General El. Co.
Making a total o f............................... ...............................$1,103,068 33
which was used to buy $1,250,000 of the Company’s Deben
tures in the open market at an average price of about 8 8 %.
By liquidating as above, and by adhering to the policy of
selling for cash or on short time, the Company has not only
collected enough cash to retire all its floating and reduce its
funded debt, but has had sufficient working capital to pay
cash for all its purchases during the year.
The following comparison shows the debt of the Company,
other than outstanding debentures and real estate liens, on the
81st day of January, 1894 and 1895 :
Reduction of debt during the year...................................... $1,785,683 82
Reduction of endorsements................................................... 1,422,949 48
PROFIT AND LOSS.
General E xpenses .
General decreased $774,882 09 compared with previous year.
Respectfully submitted,
J. P. ORD,
Second Vice-President.
SUPPLEMENTARY CONSOLIDATED PROFIT AND LOSS ACCOUNT OF JANUARY 31, 1894.
Dr.
B a l a n c e , J a n u a r y 31,1894..........................
L o sses c h a r g e a b l e t o f u r t h e r l iq u id a
t i o n OP LAST AND PREVIOUS Y E A R ’ S
b u s in e s s :
$12,454,967 42
CR.
P r o f it s
v io u s
b e l o n g in g
to
last
and
pre
Y E A R ’ S BUSINESS:
Discount on Debentures purchased.......... $141,931 67
Sales of Stocks and Bonds in excess of
book values..................................... ......... 147,067 37
------------------ $288,999 04
Balance carried d o w n .....................................................
15,209,359 69
Sundry Liquidation Accounts................... $264,048 36
Claims against Northwest General Elec
tric Company............................................ 456,484 43
On Account of Settlements with United
Electric Securities Co. of Bond trans
actions under Thomson Houston Elec
tric Co.’s Contracts...................................
46,382 86
Old Notes and Accounts Receivable
wholly charged off......... ....................
234,973 69
Bales or Plants and Real Estate below
book values.................................................
41,501 97
1,043,391 31
2,000,000 00
Special Allowance (see page 2 )...................
$15,498,358 73
$15,498,358 73
CONSOLIDATED PROFIT AND LOSS ACCOUNT OF JANUARY 31, 1895.
A d ju ste d B alan ce as o f J a n . 3 1 , 1 8 9 4 .......$ 1 5 ,2 0 9 ,3 5 9 69
B usiness of the Current Y ear —
Cost of Goods Sold............................ $9,557,327 69
Legal and Gen’l Expenses & Taxes 1,894,536 29
$11,451,863 98
Interest on Debentures....................
464,583 33—
L osses Chargeable P artly to
P revious and P artly to Cur
rent Y ear ’ s B usiness—
Consignm’ts & Contr’ts written off $134,772 96
Additional Depreciat’n allowed for:
On Plants, Consigments and Contracts............................................
$177,417 50
On Notes & Accounts Receivable 130,833 50
11,916,447 31
B usiness of the Current Y ear —
Sales...................................................$12,540,395 12
Royalties and Sundry Profits.........
420,818 17
$12,961,213 29
Interest and Dividends on Securi
ties owned............. ....................... .
$187,946 81
Interest and Discount.....................
114,451 48
$302,398 29—
13,263,611 58
$308,251 00
$443,023 96
F urther A mts, now Charged Off —
^.Patents and Franchises....................
$162,298 11
V arious Inventories.........................
288,40114
Sundry Losses................................
38,7^98 34
E. & O. E.
J. P. ORD,
Second Vice-President.
$489,497 5 9 -
932,521 55
$ 2 8 ,0 5 8 ,3 2 8 55
$ 2 8 ,0 5 8 ,3 2 8 55
CONSOLIDATED BALANCE SHEET—JANUARY 31, 1895.
ASSETS.
P atents AjiD F ranchises .................. .
M anufacturing P lants ..........................
R eal E state (other than Mfg. Plants):
Edison Building, N. Y. City...................
Less mortgage thereon...........................
$412,584 63
200,000 00
Other Real Estate....................................
$212,584 63
211,198 79
Stocks and B onds (Schedules A and B ).
Cash ......................... ....................................
N otes and A ccounts R eceivable ........
W ork in P rogress.....................................
$404,236 48
6,550,499 50
757,087 04
$8,159,264 02
3,900,000 00
423,783 42
5,079,012 51
7,711,823
I nventories :
A t Factories............................................. $3,046,014 59
A t Sales Offices (includ. consignments)
813,654 39
---------------------- 3,859,668
Sundry D ebits ............................................
27,989
P rofit and L oss.........................................
14,794,716
E. & O. E.
J. P. ORD,
Second Vice-President,
LIABILITIES.
Capital Stock :
$30,460,000 00
Com mon........ .......... .................... - —
4,252,000 00
Preferred...............................................
$34,712,000 00
8,750,000 00
5 P er Ct . Gold Coupon D ebentures
$72,916
65
A ccrued I nterest on D ebentures ...
421,341 36
A ccounts P a y a b l e ..................................
494,258 01
02
98
09
97
$43,956,258 01
-■
$43,956,258 01
Ma y 4, 1895.]
THE CHRONICLE.
( s c h e d u l e : a .)
STOCKS.
Corporate Name.
Address.
LOCAL COMPANIES.
Alamo Electric St. Railway C o ..........Alamo, T ex a s....
Amsterdam Street Railway C o ..........Amsterdam, N. Y.
Andover Electric Co..............................Andover, Mass...
Appleton Edison Electric C o............... Appleton, W is....
Athol Gas & Electric Co........................ Athol, Mass..........
Austin Electric Co................................. Austin, M in n .....
Barberton Electric Co........................... Barberton, O........
Bay Shore Electric Light Co., L’t’d___Bay Shore, N. Y ..
Bethlehem Electric Light Co................ Bethlehem, P a ...
Bridgeton Electric Light Co................. Bridgeton, N. J ...
Buffalo General Electric Co................. Buffalo, N. Y .......
Cambridge Electric Light Co................Camb’port, Mass.
Camden Power & Light Co...................Camden, Ark.......
Canton Electric Light & Power Co___Canton, O.............
Chatham Electric Light Co.................. Chatham, N. Y ...
Charlotte Electric Light Co..................Charlotte, N. C ...
Charleston Light & Power Co.............. Charleston, S. C ..
Chester Electric Light & Power Co__ Chester, P a....... .
Chicago Edison Co................................. Chicago, 111..........
Cincinnati Edison Electric Co...........Cincinnati, O........
Citizens’ General Electric Co. (Com.) .Louisville, K y ... .
Citizens’ General Electric Co. (Pref.). Louisville, K y---City Electric St. Railway Co................ Little Rock, Ark.
Cleveland El. Illg. Co. (Com.).............. Cleveland, O........
“
«
“
(Pref.)..............
“
“ .......
Com. Ononima del Alumb.El.de Pueb. Pueblo. Mexico ..
Consumers’ Light & Power Co............. Little Rock, Ark.
Consolidated Electric Light Co........... Birmingham, Ala.
Cooperstown Gas & Electric Co..........Cooperst’n, N. Y..
Columbus Ed. Electric Light Co___-...Columbus, O........
Crown Point Electric Co.......................Crown Point, Ind.
Davenport Power & Light Co.............. Davenport, Iowa.
Des Moines Edison Light Co................ Des Moines, la ...
Dillon General Electric C o..................Dillon, Mont........
Dubuque Light & Traction Co............. Dubuque, l a .........
Eastchester Electric Co........................ Mt. Yernon, N. Y.
Edison Illuminating Co........................ Easton, Pa...........
Edison Electric Light Co...................... Philadelphia, Pa.
Edison Electric Illuminating Co......... Paterson, N. J —
“
“
“
“ ........ New York, N. Y ..
“
“
“
“ ........ Cumberland, Md.
“
“
“
“ ........ Newburg, N. Y ...
“
“
“
“ ........ St. Louis, Mo.......
“
“
“
“ ........ Altoona, Pa.........
Edison Electric Light & Power Co___Kansas City, Mo.
“
«
“
“
“ ....Y ork , Pa...............
“
“
“
“
“ ___Erie, P a................
Edison Electric Illuminating Co........New Br’sw’k, N. J.
Elgin City Railway Co.......................... Elgin, 111...............
Essex County Electric Co.....................Orange, N. J.........
Fairhaven & New Whatcom Ry. Co...Fairhaven, Wh....
Fargo Gas & Electric Co............. ......... Fargo, N. D a k ....
First Cincinnati Edison El. IUg. Co. ..Cincinnati, O.......
Fort Clark Street Railway Co............. Peoria, 111............
Framingham Gas, Fuel & Power Co..Fram’gham,Mass.
Geneva Brush Electric Lt. and P. Co. Gene va, N. Y .......
Glens Falls Electric L. & P. Co., Ltd.. Glen Falls, N. Y ..
Goshen Light & Power C o .................. Goshen, N. Y .......
Grand Rap. Edison Lt. & Fuel Gas Co.GrandRap., Mich.
Grinnell Electric Light Co................... Grinnell, Iow a...
Hackensack Edison Lighting Co........ Hackensack, N. J.
Hollister Light & Power Co..................Hollister, Cal
Hudson Electric Light Co....................Hoboken, N. J . . . .
Huntsville Electric Light Co...............Huntsville, Ala...
Jacksonville Electric Light Co........... Jacksonville, Fla.
Jackson Lt. & Power Co.......................Jackson, M ich ....
Johnstown Electric Light C o.............. Johnstown, P a ...
Kingston Electric Co............................. Kingston, N. Y ..
La Compagnie Electrique de Yalleyff’d. Yalleyfleld. P. Q ..
Laramie E. G. L. & F. Co..................... Laramie, W y.......
Little Falls Electric Light & P. Co___Little Falls, N. Y.
Los Angeles Edison Electric Co..........Los Angeles, Cal.
Macon Consolidated 8t. RR. Co........... Macon, Ga............
Maryland Electric Co............................Baltimore, M d ....
Metropolitan 8t. Railway Co...............Macon, Ga............
Millbury Electrio Co............................. Millbury, M ass...
Napa Thomson-Houston Light Co.......Napa, Cal..............
Narragansett Pier E. L. & P. Co..........Nar’g’ st Pier, R.I.
Natick Electric Co................................. Natick, Mass........
Natick Gas Light Co............................. Natick, Mass.......
New Omaha T-H El. Light Co.(Com.) .Omaha, Neb........
Newport Illuminating Co..................... Newport, R. I ___
Northwest Electric Co., Ltd................ Winnipeg, M an...
Oshkosh Electric Light & Power Co..Oshkosh, Wis.......
Ottawa Electric St. Railway Co..........Ottawa, 111...........
Overland Railway Co...........................Nashville, Tenn..
Oxford Lake Line (Pref.).......................Anniston, A la___
Portland General Electric Co. (Com).Portland, O re....
Pueblo City Railway Co.......................Pueblo, Cal..........
Queen City Railway Co........................ Dallas, Texas___
g ueen City Electric Railway Co......... Marion, Ind.........
aleigh Electric Co...............................Raleigh, N. C .....
Rensselaer Water, Light & Power Co.Rensselaer, In d..
Roseberg E. L. & P. Co..........................Roseberg, Ore___
Roanoke E. L. & P. Co..........................Roanoke, Va....... .
Rome Gas Light Co............................... Rome, Ga..............
Rutland Electric Light Co....................Rutland, Vt..........
Scranton Illuminating Heat& P. Co..Scranton, Pa.......
Seneca Electrio Co................................ Seneca, N. Y .........
Skowhegan Electric Light Co........ .. .Skowhegan, Me...
Standard Light & Power Mfg. Co.......Montpelier, V t...
Syracuse Consolidated Street Ry. Co.Syracuse, N. Y ...
Tacoma Railway & Motor Co...............Tacoma, W ash...
Thomson-Houston Electrio Co...........Augusta, Ga..........
Thomson-Houston El. Light &P. Co..Quincy,111............
Toledo Electric Co................................ Toledo, O..............
Trenton Light & Power Co.................. Trenton, N. J.......
Twin City General Electric Co............Iron wood, Mich..
Union Street Railway Co........ ............ Dover, N. H .........
Utica Belt Line St. RR. Co. (Pref.)___Utica, N. Y ..........
Vancouver Electric Ry. & Lieht C o.. .Vancouver, B. C.
Visalia Gas Light & Heat Co7............. Visalia, Cal..........
WestAsheville Improv. Co. (Pref.).......Asheville, N. C ...
Westboro Electric Light & Power Co.Westboro, Mass..
West Asheville Improv. Co. (Com.).......Asheville, N. C ...
Weymouth Light & Power Co............. Weymouth, Mass.
Wilkesbarre Electrio Light Co............Wilkesbarre, P a..
MANUFACTURING COMPANIES.
Brush Electric Co. (Pref.)..................... Cleveland, O.......
“
“
“ (Com.).....................
“
“ .......
Canadian General Electric Co., L td .. .Toronto, Can.......
Excelsior Electrio Co...........................New Y ork C ity...
Fort Wayne Electric Co........................ Fort Wayne, Ind.
Ft. Wayne Trust Securities. (Series A).Boston, Mass.......
Otis Electric Co......................................Yonkers, N. Y . . . .
Schuyler Electrio Co............................ Middletown, Ct..
Par Value.
$40,000 00
9,900 00
2,000 00
15.000 00
600 00
50.000 00
39,250 00
1,000 00
675 00
25.000 00
260,000 00
2.700 00
10.000 00
12,200 00
1,100 00
1.500 00
94,175 00
3.000 00
133,600 00
383,300 00
264,400 00
67.900 00
20,000 00
112,000 00
59.400 00
15.000 00
25.000 00
414,511 63
2.250 00
23.100 00
10.000 00
50.000 00
93,720 00
40.000 00
5.000 00
32,645 00
4.250 00
23,022 00
31.500 00
200,200 00
8.500 00
29.650 00
40.000 00
10.000 00
14.200 00
13.200 00
14.400 00
9.500 00
40.000 00
5.000 00
50.000 00
20.000 00
8.700 00
177,750 00
500 00
10,000 00
550 00
100 00
29.000 00
1.000 00
59.500 00
250 00
275.000 00
2.300 00
100 00
25.000 00
18.900 00
43.650 00
1,000 00
16.500 00
2.500 00
40.000 00
490.000 00
500 00
100.000 00
2,000 00
33.500 00
40.000 00
37.500 00
10.100 00
30,600 00
36.700 00
20.000 00
2.300
68,000
5.000
36,013
527,800
50.000
00
00
00
50
00
00
200,000 00
50.000 <0
3.000 00
30.000 00
20.000 00
5.000 00
17.500 00
15.000 00
42.000 00
300 00
4.300 00
1.000 00
20.500 00
45.000 00
3.000 00
2,200 00
600 00
62.500 00
100,000 00
8.800 00
50.000 00
3,10000
14.700 00
80.000 00
1,620 00
80,000 00
5.000 00
10,100 00
122,800 00
1,995,200 00
1,250,000 00
387.000 00
2,000,450 00
9,776 00
174.000 00
50,000 00
MANUFACTURING COS.—(Con.)
Address.
Schuyler Electric Mfg. Co. (Com.)......Hartford, Ct___ _
Schuyler Electric Mfg. Co. (Pref.)...... Hartford, Ct........
Short Electric Railway Co....................Cleveland, O.......
Spanish-American Light & P. Co........ Jersey City, N. J.
Swan Lamp Mfg. Co............................. Cleveland, O.......
Union Elecktricitats Gesselschaft___Berlin, Germany.
United Electric Securities Co. (Com.) .Boston, Mass......
“
“
“
“ (Pref)..
“
“ .....
Total.
799
Far Value.
$84,000 00
307,930 OO
2, 000,000 00
4,000 00
33,000 00
50,026 00
500,000 00
23,100 00
.$14,902,164 13
(S C H E D I L E B .)
BONDS.
Corporate Name.
Address.
Par Value.
Arkadelphia Water & Light Co............Arkadelphia, Ark.
$9,000 00
Atlanta Consolidated Street Ry. Co___Atlanta, Ga.........
18,000 00
Barberton Electric Co...........................Barberton, O.......
20,000 00
Bangor Electric Light & Power C o__ Bangor, Me...........
64.500 00
Binghamton General Electric Co........Binghamton, N.Y.
2,000 00
Brooklyn Heights RR. Co. & L.I.Tr. Co.Brooklyn, N. Y ...
194.000 00
Camden Power & Light Co................... Camden, Ark-.___
10,000 00
Camden Lighting & Heating Co.......... Camden, N. J .......
30.500 00
Central Vermillion Iron Co.................. St. Paul, M inn....
3.500 00
Charleston Light & Power Co.............. Charleston, S. C..
25.000 00
20.000 00
Chattanooga Electric Ry. Co...............Chattan’ga, Tenn.
Cicero Light, Heat & Power Co........... Cicero, 111..............
700 00
225.000 00
Cincinnati Edison Electric Co............. Cincinnati, O.......
70.000 00
Citizens’ General Electric Co............... Louisville, K y ___
100.000 00
City Electric Street Ry. Co........ ......... Little Rock, Ark..
119,500 00
Concord Land & W. P. Co..................... Concord, N. H ___
500 00
Congaree Gas & Electric Co................. Columbia, S. C. ..
79.000 00
Consolidated Electric Light Co........... Birmingham, Ala.
27.000 00
Consumers’ Light & Power Co............. Little Rock, Ark..
129.000 00
Crescent City RR. Co............................. New Oi leans, La.
10.000 00
Crown Point Electric Co.......................Crown Point, Ind.
60,000 00
Cumberland Electric Light & P. Co...Nashville, Tenn..
1,000 00
Dallas Electric Co.................................Dallas, Tex..........
297.000 00
Dayton Electric Light Co..................... Dayton, Ohio.......
3,750 00
Decatur Light, Illuminating & F. Co.Decatur, A la.......
47.000 00
Dedham Electric Co...............................Dedham, M ass...
7.000 00
Dubuque Light & Traction Co............. Dubuque, Iow a...
39.000 00
East Chester Electric Co...................... Mt. Vernon, N. Y.
325.000 00
Fort Wayne Electric Corporation.......Fort Wayne, Ind.
7.000 00
Gallitzen Electric Light Co.................. Gallitzen, Pa.......
2.500 00
Greensboro Elec. Light & Power Co..Greensboro, N. C.
800 00
Hoosac Valley Street Railway Co.......No. Adams, Mass.
83.000 00
Jackson Light & Power Co...................Jackson, Mich___
3.500 00
Kansas City Pittsburg & Gulf RR. Co.Kansas City, Mo.
7.000 00
Kingston Electric Co.............................Kingston, N. Y ...
10.000 00
Knoxville Electric Light & Power Co.Knoxville, Tenn..
6.000 00
Knoxville Street Railroad Co...............K noxville,Tenn..
11,000 00
Lee Electric Co.......................................Lee, Mass.......... .'.
41,440
00
Los Angeles Cons. Electric Ry. Co___Los Angeles, Cal.
300.000 00
Macon Consolidated Street Ry. Co___Macon, Ga............
45.000
00
Metropolitan Street Railway Co........ Macon, Ga............
16.000 00
Millbury Electric Co............................ Millbury, Mass...
22,000 00
Madison City Railway Co.................... Madison, Wis.......
43.000 00
Manhattan Electric Light Co...............New York C ity...
325.000 00
Milwaukee Street Railway Co............. Milwaukee, W is..
1,000 00
Narragansett Pier El. Light & P. Co..N’gansett P’r,R.I.
17.500 00
Natick Electric Co.................................Natick, Mass.......
2,000 00
North River Electric Light & P. Co. ..New Y o rk ............
10.000 00
Ocala Light & Power Co.......................Ocala, Fla............
7.500 00
Oskaloosa Edison Light Co................ Oskaloosa, W is...
5,650 00
Oshkosh Electric Light & Power Co..Oshkosh, Wis.......
20,000 00
Otis Electric Co..................................... Yonkers, N. Y . .. .
51.000 00
Ottawa Street Railway Co....................Ottawa, Ills.........
11.500 00
Overland Railway Co...........................Nashville, Tenn..
175.000 00
Oxford Lake Line................................. Anniston, A la .. . .
84.000 00
People’s Electric Light & Power Co..Oswego, N. Y .......
25.000 00
Petersburg Street Railway Co............. Petersburg, Va...
1,000 00
Piedmont Chautauqua Co...................Atlanta, G a ..___
2,000 00
Piedmont Exposition Co..................... Atlanta, Ga....... .
61.000 00
Plymouth Electric Light Co................ Plymouth, Mass..
67.000 00
Portland General Electrio Co............. Portland, Ore___
35.000 00
Public Works Co...................................Bangor, Me...........
50.000 00
Pueblo City Railway Co.......................Pueblo, Col..........
5.000 00
Queen City Electrio Railway Co........ Marion, Ind..........
85.000 00
Queen City Railway Co........................ Dallas, Tex........
21.000 00
Rainier Power & Railway Co_______Seattle, Wash. ...
20,000 00
Rensselaer Water, Light & Power Co.Rensselaer, Ind..
35.000 00
Rochester Railway Co......................... Rochester, N.Y...
10.000 00
Sacramento Elec. Power & Light Co..Sacramento, Cal..
15.000 00
San Francisco & San Mateo Ry. C o.. .San Mateo, C al...
6.000 00
Sea Shore Electric Railway Co...........Asbury Park,N. J.
1,600 00
Standard Plate Glass Co.......................Pittsburg, Pa.......
2.500 00
Steubenville Street Railway Co......... Steubenville, O...
5.000 00
St. Cloud City Street Car Co................ St. Cloud, Minn..
200.000 00
Tacoma Railway & Motor Co...............Tacoma, Wash.. .
74.000 00
Trumbull Electric Ry. Co...................W arren&Niles,0.
6.000 00
Toledo Electric Co............................... Toledo, O...............
1,600 00
Town of Buena Vista............................Buena Vista,V a.,
220,000 00
United Electric Sec. Co........................ Boston, Mass____
Watertown Heating, Light’g& P. Co. Watertown, S. D.
2,000 00
100,00000
West Asheville Improvement Co........ Asheville, N. C ...
4,000 00
West Street & North End Elec.Ry.Co.Seattle, Wash.......
34.000 00
Weymouth Light & Power Co............. Weymouth, Mass.
20.000 00
Winona General Electric Co................ Winona, M inn...
Total.................................................................................. $4,354,040 00
Toledo Ann A rbor & North M ichigan.—-At Toledo, Ohio,
on Tuesday, the stockholders of the old company filed a peti
tion to annul the recent foreclosure sale of the property. The
hearing is s^t for May 8 .—V. 60, p. 749.
Union Pacific.—The only change in the list of directors
made at the annual meeting in Boston on April 24 was the
election of Oliver W. Mink to succeed Gardiner M. Lane, re
signed. Mr. Mink was chosen to succeed S. Endicott Peabody
on the Executive Committee and Mr. Peabody succeeds Mr.
Lane on the Finance Committee.—V. 60, p. 749.
Talley o f Ohio.—The Reorganization Committee, of
which Louis Fitzgerald is Chairman, announces that a ma
jority of the consolidated mortgage bonds and a considerable
number of the firsts have been deposited with the committee.
Bonds may be deposited until May 10, after which date they
will be received only upon payment of a penalty of $10 per
bond. Application will be made for the listing upon the
New York Stock Exchange of the reorganization receipts
for the consolidated bonds.—V. 60, p. 437.
THE CHRONICLE.
800
[Y ol. LX
C O T T O N .
3£feje © t f m m m m l
COMMERCIAL
EPITOME.
The Movem ent
F r i d a y N i g h t , May 3, 1895.
C r o p , as indicated by our telegrams
op the
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 56,937 bales,
There is gradual addition to the quantity of merchandise against 69,965 bales last week and 80,617 bales the previous
passing into the channels of consumption. Buyers generally week; making the total receipts since the 1st of Sept., 1894,
are unwilling to incur extensive obligations, but the light 7,645,366 bales, against 5,720,242 bales for the same period of
stocks held by nearly all classes of small dealers serve as an 1893-4, showing an increase since Sep.l, 1894, of 1,925.124 bales.
influence to make a broader demand necessary in order to
Receipts at—
Tues.
Wed. Thürs. Fri.
Sat.
Mon.
Total.
renew working assortments, and regular trade investments
Galveston_____
402
715
2,911
809
697
288
are made with confidence. Speculation in staple commodities
......
763
763
retains vigor and is mostly from an optimistic standpoint. Velasco, & o ....
5,037 2,896 6,313 1,353 2,821 3,268 21,688
Export trade in leading products has fallen away slightly. New Orleans..
132
134
11
494
10
407
1,188
Growing crops have encountered no serious impediment. Mobile___. . . . .
...... ...... ......
48
48
Spring wheat and corn are reported to have made a good Florida.............
776
913
393
525 1,134 1,205
4,946
start, but oats are backward. In the winter-wheat localities Savannah........
...... . . . . . .
307
Brunsw’k,&c. ...... ....... ......
307
some increase of moisture is needed. Some of the large man
442
94
211
634
293
2,061
387
ufacturers of textile fabrics are threatened with labor troubles, Charleston.......
......
......
The following is a comparative statement of stocks of lead
Pt. Royal, &o. ...... ......
138
138
ing articles of merchandise at dates given
W ilm ington....
5
7
53
154
49
8
27
F r i d a y N ig h t , M ay 8 , 1895.
April 1,
1895.
Pork.
Lard.
Tobacco, domestic
Tobacco, foreign..
Coffee, R io.............
Coffee, other.........
Coffee, Java, & o...
Bagar................ .
Bagar.................. .
Molasses, foreign .
Hides......................
Cotton....................
Rosin..................... .
........bbls.
..........tes.
___ hhds.
___bales.
.......bags.
.......bags.
...... mats.
...... hhds.
.bags, &o.
......hlids.
..........No.
....bales.
.....b b ls.
Spirits turpentine. ........ bbls.
Tar......................
....... bbls.
Rice, E. I . . . . ..................... bags.
Rice, domestic.................... bbls.
Linseed ...... .................... ..bags.
Saltpetre..............................bags.
Jute butts...........................bales.
Manila hemp....................bales.
Bisal hemp.........•............... bales.
F lo o r .... ......b b ls . and sacks.
May 1,
1895.
13,894
24.198
16,051
60,648
162,005
59,349
18,730
214
258,439
173
51.100
207.907
30.774
1,602
3,935
32.100
1,880
None.
3.500
2,750
30,685
17,866
152.400
12,723
19,121
15,984
63,349
208,162
106,550
28,623
266
227,984
215
24,300
228,204
19,381
633
3,612
37.000
1,600
None.
2,100
250
33,336
18.743
99,500
May 1,
1894.
9,695
14,476
14,133
47,705
202,895
39,892
57,449
8,650
379,590
694
164,100
238,990
23,006
387
1,656
7,500
2,200
None.
5,60»
6,0 0
8,364
10,147
200,700
The demand for lard on the spot has been extremely slow
and prices have continued to decline, closing easy at 6 '90c.
for prime Western, 6 J^@6 %c. for prime City and 7'25c. for
refined for the Continent. There has been no speculation in
the local market for lard futures and prices have declined in
response to weaker advices from the West, where packers
have been selling, prompted by the dullness of trade.
DAILY CLOSING PRICES OF LARD FUTURES.
Sat.
May...................................c. 7*05
July.................................. o. 7*20
Mon.
7*05
____
Tues.
6 95
710
Wed.
7-00
7'15
lhurs. Prt.
7 00 6 90
7 20 7-07
Pork has sold slowly, but prices have been without change
and steady, closing at $13 50@$14 for mess. Cutmeats have
been dull and easier. Tallow has been quiet but steady at
4%'c. Cottonseed oil has been quiet but steady, closing at
23@24c. for prime crude and 27c. for prime yellow. Butter
has been fairly active and steady. Cheese has been quiet and
easy. Fresh eggs have been steady.
Coffee has attracted a trifle more attention from consumers
without important change in cost. Rio quoted at 16c. for No.
7 flat bean; good Cucuta at 19^c, and staple Java 26^@ 26^c.
For future delivery the market was unsettled in consequence
of conflicting foreign advices, but closes weak under influence
of large increase of world’s visible supply.
The following were the final asking prices:
Norfolk.............
395
318
922
370
349
375
B oston.............
Baltimore........
Philadelph’a&c
1,405
603
1,085
500
1,608
Tot’ls this week
9,447
N’port N., &c.
790
4S3
421
......
......
2,273
......
.....a
......
1,226
5,028
436
9,360 16,570
6,199
347
779
846
653
2,859
1,212
279
1,103
7,954
846
8,480
5,889
9,472
56,937
289
149
279
804
.......
The following shows the week's total receipts, the total since
Sept. 1,1894. and the stock to-night, compared with last year.
Receipts to
May 3.
1894-95.
This Since Sep.
Week. 1,1894.
1893-94.
This Since Sep.
Week. 1,1893.
Galveston...
2,911 1,636,055
2,528 987,889
Velasco, &o.
244
763
70,999
36,707
New Orleans 21,688 2,509,000 11,826 1,808,105
Mobile..........
737 197,564
1,188 *234,502
540
Florida........
25,065
34,528
48
Savannah...
3,827 928,862
4,946 917,928
Br’ wiek,&o
3,562
307 150,232
88,668
Charleston..
949 335,845
2,061 423,910
P.Royal,«*/j
77,799
138 151,313
4,389
Wilmington..
154 234,038
104 188,684
Wasn’n, &o
928
499
N orfolk........
2,859 457,127
3,965 465,417
West Point
1,212 282,501
1,038 235,579
N’ p’t N.,&o
40,424
512
59,602
279
New Y ork ...
69,830
600
1,103 135,256
95,209
1,321
B oston ........
7,954 134,522
1,144
56,413
Baltimore...
846 110,078
8,480 131,488
1,037
53,042
Philadel.,&o.
Stock.
1895.
1894.
33,525
34,453
235,544
15,162
139,198
16,104
29,397
6,458
31,732
27,236
350
30,176
13,172
5,071
23,541
3,567
100
232,059
16,000
16,218
12,290
28,567
4,441
5,809
228,273
7,800
18,005
7,312
Totals....... 56,937 7,645.366 33,823 5,720,242 668,765
* 539 bales added as correction of receipts since Sept. 1.
552,795
.....
.....
In order that comparison may be made with other years, we
give below tne totals at leading ports for six seasons.
Receipts at—
1895.
1894
1893.
1892.
1891.
1890.
Galves’n,&o.
New Orleans
M obile........
Savannah...
Char’ton,&o.
Wilm’ton,&o
May.................14,30o. |Aug..................14’55o. I Nov.................... 14’50o
June................14’15o. Sept______ ____ 14‘55o. Deo.......................14*50o- N orfolk.......
July................. 14 60o. I O c t .................14‘60o. I March..................L4'35o* W. Point,&o.
Raw sugars secured further liberal attention from refiners All others...
3,674
21,688
1,188
4,946
2,199
154
2,859
1,491
18,733
2,772
11,826
737
3,827
5,838
104
3,965
1,550
8,204
5,210
8,457
1,550
4,825
1,280
187
3,178
754
5,527
4,715
17,230
2,373
6,948
2,205
506
2,848
4,639
9,406
5,692
13,740
1,652
6,300
5,443
444
3,201
2,024
6,276
435
6,380
463
4,521
193
36
1,111
871
2,393
Tot. this wk.
56,937
38,823
30,963
50,870
44,772
16,408
and speculators, with additional stimulus given values. Cen
trifugal quoted 3%c. for 96-degrees test and muscovado 2%c.
for 89-degrees test. Refined sugars sold with great freedom
and advanced in cost. Granulated quoted 4 5 16c. Teas dull.
For Kentucky tobacco there has been a fairly good inquiry
and prices have been firm; sales 250 hhds. Seed leaf tobacco
has had a limited call at full prices; sales for the week were
1,450 cases, including : 300 cases 1893 crop, New England Ha
vana, 5 J*2@ 10 c .; 100 cases 1892 crop, New England »Havana,
16@40c.; 250 cases 1893 crop, Pennsylvania Havana, 9%@
11c,; 200 cases 1892 crop, Pennsylvinia seed, 8 @ llc .; also
600 bales Havana, 65c.@$1 05, and 300 bales Sumatra, 65c.@
$2 75 in bond.
There has been increased interest»shown in the speculative
market for Straits tin, and prices have advanced in response
to stronger foreign advices, closing firm at 14'30@14-35c,
Ingot copper has further advanced, and the close was firm at
9 ’85@9'90c. for Lake. Lead has been dull but steady, closing
at 3'07^c. for domestic. Spelter has been easier, closing at
3'15@ 3'l7^c. for domestic. Pig iron has been without
change, closing steady at $9 50@$12 50 for domestic.
Refined petroleum has been dull and lower, closing at 8*25c.
in bbls., 5'75c. in bulk and 9c. in cases; crude in bbls. has
been nominal; naphtha, 9c. Crude certificates have declined,
closing at $1 58 asked. Spirits turpentine has further de
clined, closing dull at 30J^c @ 30^c. Rosins have been in
moderate demand and steadv, closing at $1 50@$l 5 2 ^ for
common to good strained. W ool has been in moderate de
mand and steady. Hops have been quiet but steady.
Since Sept. 1 7615,366 5720,242 4791,386 6795,025 6613,033 5717,377
i’ne exports for the ween ending this evening reach a total
of 126,917 bales, of which 67,539 were to Great Britain, 8,432
to France and 50,886 to the rest of the Continent. Below are
the exports for the week and since September 1, 1894.
from —
Glaire sto n .......
Week Endino May 3.
ntun* ocyyv, a,
Exported to—
Exporte to —
Conti Total Great
Great
Conti
France
France
Brit’n.
nent. Week. Britain.
nent.
1.2,218
New Orleans.. 27,600
Mobile & Pen.
Savannah.......
500 14,441
503
503
6,219 17,205 51,024
1,723
Charleston*.. .
W ilm ington...
West P o in t....
N’p’t News, Ac
New Y ork ....... 12,678
8,710
1,602
Baltimore........
4,791
Philadelp’a ...
T otal.............
67,599
499
5,225
6,225
3,354
3,881
3,683
3,354
3,881
3,683
8,923 22,031
10 8,720
7,403 9,004
200 4,991
796,255 212,413
802,870 444,163
85,895
63,132 27,160
71,745
249,944 17,689
55,044 4,160
139,365
70,871
32 727
401,386 36,273
221,502
99,313 6,955
49 951
lotal.
322,107 1,330.775
56,391
50,391
622,405 1,869,438
31,120 117,015
443.310 533,602
25 330 100,075
213.603 481,236
136,972 196,17 6
39,359 178,724
38,287 107,158
32,727
228.433 666,092
2,476 223,978
131,006 237,274
65,025
15,074
8,432 50,886 123,917 3,143,000 748.813 2,303,873 6,195,686
Total. 1893-91. 37,582 5,355 59,830!l02,776 2,694,7561577,032 1,509,354 4,781,142
1Including P ort R oyal.
M a y 4, 1895.]
THE CHRONICLE.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs,
Lambert & Barrows, Produce Exchange Building.
801
t>i-3 I
3
3
Qhjop®
< 2.
§£ ®
o 9l l9g
g 1 ®o ® ® 0
o0a
- g5 1
—
©
®
C© mQi tf® ® ®
Ma'* oa P go a
«w o»
89-8cf£
9 (=< pin-«
■ 89
: K
3 VJ
80.
m* :• M
G
I
ON SHIPBOARD, NOT CLEARED—POR
May 3 at -r
Great
Other Coast
Britain. France. Foreign wise.
Leaving
Stock,
Total.
New Orleans...
Galveston........
S a va n n a h ......
Charleston.....
M ob ile. . . . . . . . .
N orfolk_____
New York . . . . .
Other p o rts....
5,344
9,130
None.
None.
3.000
1,500
3,800
6.000
5,375 12,302
None.
1,100
None. None.
None. None.
None. None.
1,700
None.
750 13,900
None.
4,000
3,436
5,896
200
800
None.
3,000
None.
None.
26,457
16,126
200
800
3,000
6,200
16,450
10,000
209,087
17,399
29,197
30,932
12,162
17,241
213.609
57,805
Total 1895...
28,774
6,125 33,002
13,332
81,233
587,532
Total 1894...
Total 1893...
22,982
48,758
3,605 31,644
3.184 24,923
10,613
9.530
68,844
86,395
on.
on.
on.
on.
off.
off.
olì.
Good O rdinary.............o.
Good Middling Tin ged...
Strict Middling Stained..
Middling Stained.............
Strict Low Mid. Stained..
Low Middling Stained... .
oft.
Even.
732 off.
71e off.
29sa off.
13s off
UPLANDS.
5
!>
63e
613.6
71«
711.6
F r i.
Itton T u en W e d T h .
Good O rdinary............
ßMe 5lie 6116 515.6
Low Middling............................ 6%
6%
63*
65s
Middling...................................... 73.6 73,e 73.6 71.6
Good Middling..........................
71«
713
73s
Middling Fair............................. 81.6 81,6 81.6 716.6
STAINED.
S a t. M o n T u e n W e d
515.6
658
71.6
738
715.6
515.6
65s
71.6
73s
715.6
Th.
F r i.
Low M id d lin g ........................
Middling............... .................. .
Striot Middling ............... .
Good Middling Tinged.......... .
57,e
638
61932
613,«
57,6
638
619g2
613,e
5»,6
61«
(523<gA
eis;*
59.6
6Lj
62332
615.6
5»ie
6ia
623j,2
615,6
57.6
63s
619j2
613.6
MARKET AND SALES.
The total sales o f 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.
SPOT MARKET
CLOSED.
Sat’d a y .
Monday
Tuesday
Wed’day
Tbur’ d’y
F h da y..
Quiet & steady..
Q uiet.................
Dull....................
Quiet at i« dee..
Q uiet.................
Easy...................
SALES OP SPOT AND CONTRACT.
Ex
Con- Spec- Con
port. sump. ul’ t’n tract. Total.
__
....
....
71
87
57
135
61
223
71
87
257
200
41,700 41,835
__ 1,500 1,561
500
723
....
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Sales of
Futures,
95,400
170,100
150,700
272,200
159,500
107,100
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51*18
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613,6
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511.6
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613.6
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615.6
7H
713,fl
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: p**—
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pi
8)
1^
On this basis the prices for a few of the grades would be a s
follows:
G ood O rdinary..................... .
Low Middling............................
Middling....................................
Good Middling..........................
Middling Fair.............................
I
1 *:
te
►
090 %
<i<i 9
-j®
®
co*-»
tow **
op :
•a.M
►
“*
0505005 0505005
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B5‘w^® &m&4
$ , g § 3 C50'<i
3 -aS• •
1
Ia
483,951
543,763
Speculation in cotton for future delivery at this market has
been less active and the tone feverish. The position was sub
ject very largely to manipulation by powerful local operators,
and in consequence of that feature the general trading public
became more cautious in its ventures. During Saturday
trading was light and no important new feature brought out,
but a steady tone preserved and 5 points net gain secured.
A t Monday’s market considerable irregularity developed upon
an average lower basis, foreign selling orders producing some
depression, and although a trifle steadier at the close rates
made a small loss for the day. During Tuesday there was a
loss of 11@12 points under less promising accounts from
abroad, further selling on foreign orders and an absence of
support from the bulls, and with the same general features
prevailing on Wednesday morning the market became some
what demoralized, with further decline of 17@18 points, a
liberal selling out of long cotton on exhausted margins and
some short selling assisting the break, but before the close
steadier feelings prevailed and the lo3S was modified to 10
points. Yesterday finding the weak long interest apparently
about eliminated, the shorts made haste to cover, and with
leading bulls again operating there was a net advance o f 8@9
points. To-day’s market opened at 8 points decline under less
favorable foreign accounts, but recovered on local manipula
tion. Cotton on the spot dull at 6 13-16c. for middling uplands.
The total sales for forward delivery for the week are 955. OuO
bales. For immediate delivery the total sales foot up this week
44,534 bales, including — for export, 634 for consumption.
— for speculation and 43,900 on contract. The following ar
the official quotations for each day of the past week—
April 27 to May 3.
Bates on and off middling, as established Nov. 22, 1893,
by the Revision Committee, at which grades other than
middling may be delivered on contract:
F a i r . . . . . . . . ..................
Middling Fair..............
Strict Good Middling..
Good Middling.............
Strict Low Middling... ... c
Low Middling.............
Striot Good Ordinary..
ffa o o
00
Qhjoojjf
QtogpSt—
1hTCD®
a
a
© © Pi a o ®Pi 0o5aS
Q®2
p*© a p tf® ® 89 ts*© a M»
£
M P a'* 80
<1-, 4
©Ó ®
00© **
1 aP;
M©°©
005 If>
H»M 9
w©
1a :
M
*? 1 o<i
M■©M
If©
*?| ^
M1 9
a: :
a: :
1
a: :
» ,<
05
* Includes sales in September, for September, 28,100; September
October, for October, 229,600; Septemoer-November, for November!
413,600; September-December, for December, 1,162,000; September
January, for January, 3,175,3'.»0; September-Pebmary, for February’
901,900; September-March, for Maroh, 4,373,100.
The following exchanges have been made during the week
15 pd. to exoh. 300 Aug. for Deo. •32 pd. to exch. 200 Aug. for Moh.
15 pd. to exoh. 1,000 J’n efor Nov. •02 pd. to exoh. 500 May for Aug.
Even 200 May for Aug.
•10 pd. to exch. 100 June for Aug.
04 pd. to exch. 200 June for July. 06 pd. to exoh. 100 Aug. for Oot.
09 pd. to exoh. 100 June for Aug. •20 pd. to exoh. 1,200 J’ne for Nov.
T he V isible S u p p l y of C otton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns
Total.
—
634 __ 43,900 44,534 955,000 and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
T he S ales a n d P rices o f F u t u r e s are shown by the figures for to-night (May 3), we add the item of exports from
follow ing comprehensive table.
the United States including in it the exports o f Friday only.
THE CHRONICLE.
602
1895.
1894.
1893.
1892
Stock at Liverpool........ bales. 1,676,000 1,712,000 1,583,0001,729,000
Stock at London.......................
7,000
9,000
5,000
17,000
Total Great Britain stock. 1,683,000 1,721,000 1,588,0001,746,000
25,000
26,000 ' 16,000
Stock at Hamburg....................
4.000
Stock at Bremen....................... 332,000
198,000 174,000
150.000
Stock at Am sterdam ...............
20,000
16,000 18,000
27.000
Stock at Rotterdam..................
200
200
200
200
Stock at Antwerp......................
18,000
18,000 10,000
6.000
Stock at Havre.......................... 498,000
472,000 416,000
426.000
5,000
7,000
8,000
Stock at Marseilles..................
12.000
Stock at Barcelona..................
100,000
76,000 96,000
90.000
Stock at Genoa..........................
48,000
16,000 19,000
23.000
Stock at Trieste.......................
15,000
22,000 18,000
20.000
Total Continental stooks.-1,061,200 851,200 775,200 758,200
Total European stocks. . . . 2,744,200 2,572,200 2,363,200 2,504,200
India cotton afloat for Europe. 129.000 175.000 182,000 231.000
Amer. oott’n afloat for Europe. 316.000 208.000 197,000 275.000
Egypt, Br azil,&o. ,afltforE’r’pe
29,000
32,000
42,000
36,000
Stock in United States ports.. 668,765 552,795 630,158 764,801
Stock in U. 8. interior tow n s.. 165,978 170,936 259,203 283,018
United States exports to-day.
26,683
32,945
9,745
22,892
Total visible supply.......... 4,079,626 3,743,876 3,683,306 4,116,911
Of the above, totals of American and other descriptions are as follows:
American—
Liverpool stock............. bales. 1,565,000 1,443,000 1,348,0001,491,000
Continental stocks.................. 978,000
718,000 664,000 616,000
American afloat for E urope... 316,000 206,000 197,000 275,000
United States stock.................. 668,765
552,795 630,158 764,801
United States interior stocks..
165,978 170,936 259,203 283,018
United States exports to-day.
26,683
32,945
9,745
22,892
Total American.................. 3,720,426 3,125,676 3,108,106 3,452,711
East Indian, Brazil, <£c. —
Liverpool stock......................... 111,000 269,000 235,000 238.000
London stock .........................
7,000
9,000
5,000
17.000
Continental stocks...................
83,200 133,200 111,200 142,200
India afloat for Europe............ 129,000 175,000 182,000 231.000
29,000
32,000
42,000
Egypt, Brazil, &c., afloat........
36.000
Total East India, &c.......... 359,200 618,200 575,200 664,200
Total American.................. 3,720,426 3,125,676 3,108,106 3,452,711
Total visible supply.......... 4,079,626 3,743,876 3,683,306 4,116,911
Middling Upland, Liverpool..
319*^.
3i5j gd.
45ltd.
4d.
Middling Upland, New York..
613)60.
714c.
713U C.
7siflC.
Egypt Good Brown, Liverpool
7d.
4i5ied.
5316d.
4 78d.
Peruv. Rough Good, Liverpool
5kd.
5kd.
6Hled.
6kd.
Broach Fine, L iverpool. . . . . . .
39i8d.
4») fid.
45,, d.
3kd.
Tinnevelly Good, L iverpool..
3kd.
378d.
4kd.
3kd
(Qu o t a t io n s
[V o l . L X .
for
M id d l in g U o t t o n
at
Oth er Ma r k e ts.—
Below we give closing quotations o f middling cotton at South ern and other principal cotton markets for each day of the w eek.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
May 3.
Satur.
Mon.
Tues.
Wednes.
638
6*4
6k
638
6k
6k
67,8
6i6ie
678
7316
60s
638
638
65ia
6k
6918
6?16
6k
6k
63s
6k
6k
67lfi
6 l“i«
678
7816
6k
63g
638
66)6
63s
6k
67,g
6k
63ie
63s
6k
6k
67,«
6l6ie
678
7*16
6k
63s
63s
67,e
65s
6k
63a
6k
6k
6b16
6k
6k
63s
610,6
678
7k
6k
638
65,6
63a
6k
6k
Galveston...
New Orleans
Mobile.........
Savannah...
Charleston..
Wilmington.
Norfolk........
Boston. . . . . .
Baltimore...
Philadelphia
A u g u sta ....
Memphis....
8t. Louis. . . .
H ou ston ....
Cincinnati..
Louisville...
Thurs.
Fri.
6%
6k
6k
6k
6k
6k
613,6
678
7k
6k
63,8
6k
6k
6k
6k
6V
71,e
6k
65,e
638
6k
6k
The closing quotations to-day (Friday) at other im portant
Southern markets were as follows.
Atlanta..........
578 Newberry____
6 k Little R o ck ....
5k
Columbus, Ga.
6
Montgomery... 6 k ® k R aleigh..........
6k
578 Nashville........
Columbus, Miss
63s
6 k Selma...............
Eufaula..........
6
Shreveport.....
6 k Natchez.........
5k
R e c e ip t s f r o m t h e P l a n t a t io n s . —The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations o f that part of the crop w hich
finally reaches the market through the outports.
Week
Ending—
Meh. 29......
Apr. 5 ......
12.......
19......
“
26.......
May 3 . . . . .
Receipts at the Ports. St’fc at Interior Towns.. Rec’ptsfrom Plant’ n*»
1893.
1894.
62,659
61,669
53,213
42,895
46,144
30,988
46,292
54,279
63,867
47.903
44,394
38,823
1895.
1893.
115.470 380,434
116.767 355,257
93,523 833,887
80.617 307,836
69,965 280,297
66,937 259,203
1894.
1895.
1893.
1894.
1895.
266,966
246,342
218,173
203,041
184.945
170.936
323,932
275,916
247,849
212,773
186,641
165,978
48,682
26,392
31,373
17,344
18,605
9,874
24,103
33,655
36,698
32,771
26.298
24,814
94,560
68,751
65,456
45,541
43,833
36,274
The imports into Continental ports the past week have
been 133,000 bales.
The above statement shows: 1 .—That the total receipts from
The above figures indicate an increase in the cotton in sight
to-night of 335,750 bales as compared with the same date the plantations since Sept. 1, 1894, are 7,751,009 bales; in
of 1894, an increase o f 396,330 bales over the corresponding 1893-94 were 5,815,012 bales; in 1892-93 were 4,921,955 bales.
date of 1893 and a loss of 37,285 bales from 1892«
2.—That although the receipts at the outports the past week
were 56,937 bales, the actual movement from plantations was
only 36,274 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 24,814 bales and for 1893 they w ere
9,874 bales.
O v e r l a n d M o v e m en t
fo r the
W
e e k a n d s in c e
S e p t . 1.—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is o f course supplementary to the more extended
monthly statements. The results for the week ending May 3
and since Sept. 1 in the last two years are as follows:
, « . a: . a►
:
g: : g:
1894-95.
May 3,
S ta
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* Louisville figures “ net” in both years,
t This year’s figures estimated,
j Last year’s figures for season to date revised.
Week.
Since
8ept, i .
1893-94.
.
Week.
Since
gept. 1.
Shipped—
Via St. L o u is ...... ..................
Via Cairo........ ............... . . . . .
Via H a n n ib a l..... . . . . . . . . . . . . .
Via E va n sv ille........... ............
Via Louisville.... . . . . . . . . . . . . .
Via Cincinnati........... .
Via other routes, &c...............
3,173
902
2,220
Total gross o v e r la n d .........
Deduct shipments—
Overland to N. Y., Boston, &o.
Between inteiior to w n s ........
Inland, &c., from S o u th ........
18,383
117
1,534
511,344
29,347
67,375
4,102
16
2,822
274,49
21,5<
93,15.
Total to he deducted...............
20,034
608,066
6,940
389,219
Leaving total net overland*.. |4,707 1,076,082 11,263
* Inoluding movement by rail to Canada.
1 Revised,
t Deductions greater than overland.
756,627
7,663
1,369
883,892
319,114
545
3,770
179,008
168,030
129,789
9,256 1579,939
1,714 220,307
13,703
7,263
77
3,835 106,449
98,623
1,074
2,247 119,562
15,327 1,684,148
18,203 1,145,846
The foregoing shows that the week’s net overland movement
this year has been ----- bales, against 11,263 bales for the
week in 1894, and that for the season to date the aggregate net
overland exhibits an excess over a vear ago of 318.955 bales.
In Sight and Spinners’
Takings.
Receipts at ports to May 3 ........
Net oveiland to May 3............. ...
Southern consumption to May 3..
1894-95.
Week.
Since
Sept. 1.
1893-94.
Week.
Sine»
Sept. 1,
56,937 7,645,366 38,823 5,720,242
t4,707 1,076,082 11,263 756,627
14,000 593,000 12,000 555,000
Total marketed. . . . . . . . . . . . . . . 66,230 9,314,448 62,086 7,031,869
Interior stocks in excess. . . . . . . . . *20,663 103,643 *14,009
94,770
Came into sight during week.
Total in signt May 3 .. . . . .
45,567
9,423,091
48,077
7,126,630
North’n spinnerstak’gs to May 3..
7,734 1,948,583 44,578 1,368,820
* Decrease during week.
t Deductions greater than overland.
The above totals show that the interior stocks have decreased,
during the week 20,663 bales and are now 4,958 bales less
It will be seen by the above that there has come into sight
than at same period last year. The receipts at all the towns during the week 45,567 bales, against 48,077 bales for the
have been 3,074 bales more than same week last year and sincr same week of 1894, and that the increase in amount in eigbr
Sept, 1 are 1-822,705 bales more than for same time in 1893-94. to-night as compared with last year is 2,296,453 bales.
May 4, 1895 ]
THE CHRONICLE.
803
The thermometer has av
W e a t h e r R e p o r t s b y T e l e g r a p h . —Advices to us by tele thirty-six hundredths of an inch.
graph this evening denote that rain has fallen in most sec- , eraged 72, the highest being 8 8 and the lowest 58.
Helena, Arkansas.—Everything is growing nicely. W e
tions of the South during the past week, and in general has have had showers on three days of the week, the precipitation
been of benefit. A t some points in Texas, however, more reaching seventy-one hundredths of an inch. Rain has been
moisture is needed and in sections of the Atlantic States there unevenly distributed; in some neighborhoods there has been
has been rather too much rain. Planting has made rapid too much and in others not enough. The thermometer has
averaged 71, ranging from 59 to 87.
progress as a rule. A few of our correspondents state that
Memphis, Tennessee.—Cotton that is up has a good stand'
early cotton is growing nicely and that the outlook is favorable. and is doing well. Rain has fallen on two days of the week
Galveston, lex a s.—Conservative estimates here based on to the extent of ninety hundredths of an inch. The ther
data collected by railroads and interior merchants make the mometer has ranged from 58 to 881, averaging 72-1. During
the month o f April the rainfall reached two inches and thirtydecreased acreage in cotton for Texas this year about 10 to 15 two hundredths, on seven days.
Nashville, Tennessee.—There has been rain on two days dur
per cent. It has rained on one day of the week, the rainfall
reaching eleven hundredths of an inch. Average thermome ing the week, the rainfall being fourteen hundredths of an
inch. Average thermometer 70, highest 86 and lowest 58.
ter 74, highest 82 and lowest 67. April rainfall thirty-three
Mobile, Alabama.—Planting is nearing completion in most
hundredths of an inch.
sections. There has been rain on three days o f the past week,,
Palestine, 1 exas.—Rains have greatly improved the pros the rainfall reaching one inch and forty-nine hundredths.
pect. Planting is well advanced and a great deal of cotton is The thermometer has averaged 72, the highest being 82 and
the lowest 62. During the month of April the rainfall reached1
up. There has been rain on two days of the past week, the three inches and four hundredths.
rainfall reaching one inch and two hundredths. The ther
Montgomery, Alabama.—The weather has been favorable.
mometer has averaged 72, the highest being 8 6 and the lowest Cotton that is up is doing well and the outlook is favorable.
58. During the month of April the rainfall reached two Rain has fallen on five days of the week, to the extent o f
fifty-eight hundredths of an inch. The thermometer has
inches and thirty-five hundredths.
averaged 71, ranging from 64 to 78. During the month o f
Huntsville, Texas.—Cotton has a good stand. W e have had April the rainfall reached three inches and ninety-nine hun
sufficient moisture for the present. The week’s rainfall has dredths.
Selma, Alabama.—W e have had rain on four days of the
been two inches and eleven hundredths, on two days. The
week, to the extent of thirty-nine hundredths of an inch.
thermometer has averaged 71, ranging from 54 to 8 8 . April The thermometer has ranged from 57 to 85, averaging 70.
rainfall five inches and thirty-five hundredths.
Madison, Florida.—Rain has fallen on four days of the
Dallas, lex a s.—Rains have been sufficient to allow cotton week, the rainfall being three inches and twenty hundredths.
planting to progress rapidly. The plant is coming up well. Average thermometer 72, highest 82, lowest 61.
W e have had rain on one day of the week, the rainfall reach
Columbus, Georgia.—We have had rain on two days of the
ing fifty-five hundredths of an inch. The thermometer has week, the precipitation being two inches and thirty-two hun
ranged from 58 to 90, averaging 74. Rainfall for month of dredths. The thermometer has averaged 70, the highest being
April two inches and thirty-eight hundredths.
82 and the lowest 61.
San A ntonio, lex a s.—It has rained on two days of the
Savannah, Georgia.—The week’s rainfall has been one inch»
week to the extent of thirteen hundredths of an inch. _ Aver and fifcy-two hundredths, on seven days. The thermometer
age thermometer 77, highest 90 and lowest 64. During the has averaged 70, ranging from 62 to 81.
month of April the rainfall was twenty-nine hundredths of
Augusta, Georgia.—We have had rain on three days of thean inch.
week, to the extent of twenty-nine hundredths o f an inch.
ïjuling, Texas.—W e have had rain on two days the past The thermometer has ranged from 58 to 80, averaging 6 8 i
week, the rainfall reaching three hundredths o f an inch. During the month of April the rainfall reached five inches
More rain is needed. The thermometer has averaged 75, the and nineteen hundredths.
highest being 92 and the lowest 58. April rainfall two inches
Albany, Georgia.—W e have had rain on four days o f the
and thirty-three hundredths.
week, the rainfall reaching seventy-four hundredths of an
Columbia, Texas.—Dry weather has prevailed all the week. inch. Average thermometer 69, highest 81 and lowest 59.
Heavy rain is needed for all crops. The thermometer has av
Charleston, South Carolina.—Rainfall for the week oneeraged 72, ranging from 58 to 8 6 . Rainfall during April inch and ninety-six hundredths, on seven days. The ther
thirty-seven hundredths of an inch.
mometer has averaged 70, the highest being 77 and the low
Cuero, Texas.—The weather has been dry all the week. est 62.
Moisture is very necessary for crops. The thermometer has
Stateburg, South Carolina.—It has rained on four days o f
ranged from 64 to 90, averaging 77. April rainfall thirty-one the week, heavily on Sunday, the precipitation reaching four
hundredths of an inch.
inches and three hundredths. The thermometer has averaged
Brenham, Texas.—Crop3 look well, having been greatly 67‘2, ranging from 57 to 80. April rainfall nine inches and
benefited by the rain. It has rained on two days of the eighty hundredths.
week, the precipitation reaching sixty hundredths of an inch.
Greenwood, South Carolina.—Early-planted cotton is com
Average thermometer 73, highest 8 8 , lowest 58. April rain ing up well. Planting, however, has been delayed by wet
fall two inches and twenty-four hundredths.
weather and about forty per cent of the seed is yet to be
Belton, Texas.—There has been rain on one day o f the past 6own. It has rained on three days of the week, the precipita
week, the rainfall being thirty-five hundredths of an inch. tion being one inch and eighty-five hundredchs. Average
Rain has been of much benefit to crops. The thermometer thermometer 65, highest 82, lowest 55, April rainfall four
has averaged 75, the highest being 90 and the lowest 60. inches and forty-eight hundredths, on nine days.
April rainfall two inches and seventeen hundredths.
W ilson, North Carolina.—Cotton planting is fully tw o
F ort W orth, lex a s.—Moisture has put ground in good con weeks late. The week’s rainfall has been two inches and
dition and cotton planting is being pushed. W e have had rain ninety-two hundredths on five days. The thermometer hae
on two days of the week, the precipitation being seventy-five ranged from 52 to 8 8 , averaging 6 6 .
hundredths of an inch. The thermometer has averaged 74,
The following statement we have also received by telegraphy
ranging from 58 to 89. During the month of April the rain showing the height of the rivers at the points named at
fall reached two inches and sixty-eight hundredths.
8 o’clock May 2, 1895, and May 3, 1894.
W eatherford, Texas.—Cotton planting is being rushed dur
May 2, ’95. May 3, ’94.
ing the favorable weather. Rain has put land in good condi
tion. W e have had rain on two days of the past week, the
Feet.
Feet.
8-2
13-7
rainfall reaching one inch and forty-three hundredths. The New Orleans.......
12-3
15-2
Memphis.............
thermometer has ranged from 58 to 8 8 , averaging 73. Rain
10-4
50
Nashville............. ........ Above zero of gauge.
fall for the month three inches and twenty-six hundredths.
04
18-8
Shreveport..........
New Orleans, Louisiana —W e have had rain on two days Vicksburg............
23-7
34-6
o f the week, the rainfall reaching sixty-eight hundredths of
I n d ia C o t t o n M o v e m e n t F r o m a l l P o r t s . —The receipts»
an inch. Average thermometer 72.
Shreveport, Louisiana.—W e have had a precipitation the and shipments o f cotton at Bombay have been as follows for
past week of sixty-six hundredths of an inch, on two days. the week and year, bringing the figures down to May 2.
BOMBAT RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
The thermometer has averaged 72, the highest being 87 and
the lowest 57.
Receipts.
Shipments this week. Shipments since Sept. 1.
Columbus, M ississippi.—Rain has fallen on two days of the
Since
Great Conti Total. Great Conti Total. This
week, the precipitation reaching forty-seven hundredths of
Week. Sept. 1.
Britain nent.
BriVn. nent.
an inch. W e are having too much rain. The thermometer
has averaged 64, ranging from 60 to 8 8 . April rainfall four
8,000 246.000 254.000 92.000 955,000
2,000 43.000 45.000
1,000 43.000 44.000 41.000 544.000 585.000 64.000 1.326.000
inches and twenty-one hundredths.
2,000 70.000 72.000 30.000 523.000 553.000 72.000 1.173.000
Leland, M ississippi.—There has been rain on two days dur
58.000 58.000 41.000 492.000 533.000 71.000 1.155.000
ing the week, to the extent o f sixty-six hundredths of an inch.
According to the foregoing Bombay appears to show*
The thermometer has ranged from 57 to 87, averaging 71 *7.
M eridian, M ississippi.—It has rained lightly on two days an increase compared with last year in the week’s receipts of
o f the week. Lack o f moisture and somewhat cool weather 28,000 bales and an increase in shipments of 1 ,0 0 0 bales, and
make crops backward. Average thermometer 71, highest 88 the shipments since Sept. 1 show a decrease of 331,000 bales«
The movement at Calcutta, Madras, and other India ports fo r
and lowest 56.
L ittle B ock, Arkansas.—Planting is now completed and the last reported week and since the 1st of September, for two
the prospect for crops of all kinds could not be better. W e vsais, has been as follows. “ Other ports” cover Ceylon^
have had light rain on two days of the week to the extent of Tuticorin, Kurrachee and Coconada.
804
THE CHRONICLE.
Shipment» for the week.
Great
Britain.
Conti
nent.
Oalontta—
1894-95...
1893-94...
Madras—
1894-95...
1893-94...
A ll others—
1894-95...
1893-94...
Great
Britain. Continent.
Total.
2,000
2,000
3,000
3,000
Total all—
1894-94...
1893-95...
Shipments since Sept.
3,000
3,000
3,000
5,000
3,000
5,000
15.000
12,000
40.000
23.000
55.000
13.000
23.000
12.000
17.000
25.000
40.000
15.000
24.000
42.000
45.000
57.000
69.000
1894-95.
Since
Sept. 1.
Bombay...........
Allotherports.
45,000
3,000
254.000 44,000
105.000
5,000
This
week.
This
week.
and
D a il v C r o p Mo v e m e n t .
553.000
102.000
Monthly
neceipts.
105.00
164.00
1892-93.
Since
Sept. 1.
P o r t R e c e ip t s
Since
Sept. 1.
66,000
102,000
1893-94.
This
week.
o o m p a b a t iv e
—A comparison o f 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 monthly 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, 1894, and in
previous years, have been as follow s:
BXPOBTS TO BUROPB PROM ALL INDIA.
Shipments
lo a ll Europe
from—
Quotations May 3 at Savannah, for Floridas, common
medium fine, llj^ c. ; choice, 15%c.
Charleston, Carolinas, medium fine, 2 2 c. to 24c. ; fine 28c •
extra fine, 30c. to 35c.
O v e r l a n d M o v e m e n t , & c ., to M a y 1.—In our editorial
columns to-day will be found our regular statement of
overland movement, receipts, exports, spinners’ takings, «fee.,
brought down to May 1.
8 c .;
Total.
11,000
39.000
62.000
[V ol. LX.
585.000 72,000
164.000
Year Beginning September 1.
1894.
1893.
1892.
1891.
1890.
1889.
Sept’mb’r 518,762 377,408 105,355 676,823 732,236 561,710
A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s .— Through arrange October.. 1,622,664
1,311,269 1,135,473 1,532,426 1,365,231 1,325,358
ments we have made with Messrs. Davies, Benachi & On,, of Wovemb’r 1,607,662 1,272,776
1,125,855 1,376,909 1,145,416 1,257,520
Liverpool and Alexandria, we now receive a weekly cable of Deeemb’r 1,497,560
1,239,738 930,029 1,215,144 1,195,063 1,116,928
♦he movements o f cotton at Alexandria, Egypt. The following January.
938,197 687,028 436,457 665,162 859,979 700,909
are the receipts and shipments for the past week and for the
February 533,398 330,504 291,648 658,855 535,273 410,044
■corresponding week of the previous two years.
March. .. 532,254 257,163 241,750 376,400 427,702 213,697
Alexandria, Egypt,
A p r il. . . . 372,770 217,600 202.158 251,522 298,132 110,053
1893-94.
May 1.
1892-93.
1894-95.
Total... 7,623,267 5,693,486 4,768,725 6,753,241 6,559,032 5,696,219
Receipts (centals*)....
Pero’tagec>f tot. port
This w eek ....
8,000
27,000
10,000
receipts April 30.
95-16
93-06
Since Sept. 1.
94-35
4,514,000
93-79
4,788,000
96-94
5,102,000
This Since
This
This statement shows that up to April 30 the receipts
Since
This
Since
week. Sept. 1. week. Sept. 1. week. Sept. 1. at the ports this year were 1,929,781 bales more than in
1893 and 2,854,543 bales greater than in 1892. By adding to
Bxports (bales)—
To L iverpool............ 5.000 245.000 3.000 291.000 5.000 273.000 the totals to March 31 the daily receipts since that time we
To Continent............ 8.000 301.000 8.000 236.000 8.000 269.000 shall be able to reacn an exact com parison o f the movement
Total Europe......... 13,000 546,000 11,000 527,000 13,000 542,000 for the different years.
Total.........
48,000
359,000 49,000
749,000 72,000
655,000
1894-95. 1893-94. 1892 93. 1891-92. 1890-91. 1889-90.
M a n c h e s t e r M a r k e t .— Our report received by cable to
night from Manchester states that the market is firm for both To.M’ h31 7,250,497 5,475,886 4,566,567 6,501,719 6,260,900 5,586,166
18,350
8.
6,036
10,392
yarns and sheetings. The demand for both home trade and Apr, l . . . .
9,719
4,736
- 2 ....
19,642
7,529
8.
foreign markets is improving. W e give the prices for to-day
8,314
13,807
7,721
“ 3 ....
19,508
9,900
below and leave those for previous weeks of this and last
10,153
8.
12,673
3,863
year for comparison:
“
4 ....
12,517
5,850
13,298
13.192
7,977
6,552
1895.
c
82« Cop.
Twist.
Mh 29
Apr. 5
a 12
“ 19
“ 26
May 3
1894.
Oott’n
Mid. 32« Cop.
Twist.
Upldt
8 * lbs.
Shirtings.
d.
a.
5 k ®5l3i.
5516®6
538 9 6 *
5»i6®6l4
5*8 0638
Sög ®63s
s.
4
4
4
4
4
4
d
s.
0 ®6
0 * n fí
1 96
li« ® 6
2 ®6
2 ®6
d
1*«
2
2*
313
4
2
d.
3Bie
338
3hs
39,6
32Í„2
319„
d.
67le
6 1«
638
6*4
6316
6
8*4 lb».
Shirting»
d.
t. a.
«714
3 ®7 1*
®7*4
2 ®7 1 *
*97*
1*3 ®7 1
m *
1*97 1
9 7 * 4 Ilk» 97 0
® 67a 4 10Lj»6 11
Oou .
Mid
XJpl*
4^18
43l8
4*8
4*e
4Le
31516
S e a I s l a n d C o t t o n M o v e m e n t .— We have received this
^Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. Th e
receipts for the week ending to-night (May 3) and since
Sept. 1,1894, the stocks to-night, and the same items for the
corresponding periods of 1893-94, are as follows.
1894-95.
Receipts to May 3.
1893-94.
Stock.
This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1895. 1894.
Savannah..
Charleston.,
Florida, <fec.
66 64,135
5,182
5,139
’ *75
Total.
66 74,456
132 59,790 1,752 3,448
57 54,071
2,208
3,511
1,185 1,974
202
449
365 1,025
“ 5 ....
it 6 ....
“ 7 ....
“ 8 ....
“ 9 ....
“ 1 0 ....
“ 1 1 ....
“ 1 2 ...
" 1 3 ....
“ 1 4 ....
“ 1 5 ....
“ 1 6 ....
" 1 7 ....
“ 1 8 ....
w 1 9 ....
“ 2 0 ....
“ 2 1 ....
“ 2 2 ....
“ 2 3 ....
“ 2 4 ....
“ 2 5 ....
" 2 6 ....
“ 2 7 ....
“ 2 8 ....
“ 2 9 ....
« 3 0 ....
23,271
13,312
S
15,314
26,233
8,081
11,862
18,721
8.151
B.
20,605
14,406
8,840
7,944
20,671
6,384
S.
17,698
11,386
8,477
11,106
14,914
9,447
8.
9,360
16,570
4,968
18,102
10,651
8.
9,375
10,704
8,942
5,910
18,285
7,177
8.
10,261
7,106
8,632
6,270
8,457
4,090
8
8,780
6,967
4,596
4,353
15,608
3,935
8.
11,152
5,973,
7,391
8,718
7,273
8.
18,472
9.621
4,819
6.621
6,43
7,827
8
8,793
9,161
4,920
7,991
4,203
6,027
8.
6,611
11,834
5,242
7,193
9,237
8,307
8.
19,481
9,219
8,364
10.602
6,756
8.
10,422
15,156
8,758|
6,654
23,612
6,793
8.
9,074
8,561
4,291
6,821
7,667
7,182
8
6,496
10,329
7,358
5,519
12,399
13,324
8.
13,270
16,926
11,003
8.119
10.903
9,822
8
12.193
16,624
9,393
9,063
16,435
9,506
8.
12,344
15.903
9,413
6,505
11,057
8,386
8.
11,100
12,204
7,680
10,887
2,695
8.
6,683
3,387
3,819
2,314
4,672
1.249
8.
7,210
1,415
1,943
3,019
14,275
2,267
8.
2,813
1,791
1,407
4,151
6,901
2.250
8.
2,117
3,306
7,497
If The exports for the week ending this evening reach a total
o f 65 bales, of which 65 bales were to Great Britain, —
To..Ap.30 7,623,267 5,693,486 4,763,725 6,753,241 6,559,032 5,696,219
to France and — to Reval, and the amount forwarded to May 1 ....
4,742
6,199
4,622
8.
9,279
2,350
Northern mills has been 16 bales. Below are the exports
2 ....
4,089
3,452
8,328
5,889
6,501
2,400
fo r the week and since September 1 in 1894-95 and 1893-94.
3 ....
10,011
3,640
3,725
7,337
3,134
8.
Exports
from —
■Savannah...
Chari’ t’n,&c
Florida, &o.
New Y ork..
B oston . . . . .
B altim ore..
TFieeAc Ending May 3.
Since Sept. 1, 1894. North’n Mills.
Great Fr’nce
Great
Since
Total. Brit’n. Fr’nce
Brit’n. (ÊC.
<6c. Total. Week. Sept. 1.
........
'" ‘ 65
.........
........
........
T ota l........
65
Total 1893-4
522
154
18,085 2,441 20,526
2,913
53 2,966
765
765
4,129 3,018 7,147
"""’65 8,126
8,126
252
252
......
16 28,690
1,346
4,172
........
........
.........
65 34,270 5,512 39,782
'16 34,208
676 31,918 4,212 36,130
272 21,974
A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore, Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
th e same plan as in our regular table of including it when
actually exported from New York, «fee. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
T o ta l. . 7,645,366 5,705,285 4,781,196 6,768,906 6,574,812 5,704,103
Percentage o f total
port reo’ptaMay 3..
93-50
95-36
94-83
94-02
97-07
539 bales added at Mobile as correction of receipts since Sept. 1.
This statement shows that the receipts since Sept. 1 up to
to-night are now 1,940,081 bales more than they were to the
same day o f the month in 1894 and 2,864,170 bales greater than
they were to the same day o f the month in 1898. We add to
the table the percentages o f total port receipts which had
been received to M iy 3 in each o f the years named.
J u t e B u t t s , B a g g in g , «fee,— The market for jute bagging
has been very quiet during the week under review, but prices
are nominally unchanged at 4 ^ c. for
lbs., 4J^c. for 2 lbs.
and 4 ^ c . for standard grades in a jobbing way. Car-load
lots of standard brands are quoted at 4J^c. for
lbs., 4%c.
for 2 lbs. and 5c. for 2% lbs. f. o. b. at New York. Jute butts
are dull on the spot in the absence of available stock, but are
quoted to arrive at t^ c . for paper quality and l ^ c . for min
ing or bagging quality. The deliveries of jute butts an l re
jections at New York and Boston during AprilJ^were 116,074
THE CHRONICLE.
Ma y 4, 1894.]
805
bales, against 24,770 bales for the same month last year, and
L iv e r p o o l .— By cable from Liverpool we have the following;
since Jan. 1 the deliveries have reached 258,085 bales, against tatement of the week’s sales, stocks, & c., at that port:
103,127 bales in 1894. The aggregate stock in the hands of
importers and speculators at New York and Boston on April
April 12 April 19. April 26 May 3.
30 was only 250 bales, against 6,000 bales at the correspond
ing date in 1894, and the amount afloat for the United States Sales of the week .............bales.
77.000
53.000
92.000
78,00®
Of which exporters to o k ....
1,900
800
1,900
reaches 126,005 bales, against only 88,154 bales last year.
2,100
Of whioh speculators to o k . .
S h ip p in g N e w s . —The exports o f cotton from the United
States the past week, as per latest m ail returns, have reached
66,159 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the C hronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.
5,500
1,400
3,400
3,90®
Sales A m erica n ..... . . . . . . . . . . .
69.000
50.000
85.000
68,000
Actual export.................. .........
8,000
4,000
4,000
8,000
Forwarded.................................
65.000
56.000
81.000
75,009
Total stock—Estimated............ 1.710.000 1.722.000 1.716.000 1.676.000
Of whioh American—Estim’d 1.589.000 1.603.000 1.600.000 1.565.000
Total Import o f the week___ _
52.000
72.000
79.000
44.000
Of whioh American__ . . . . . .
46.000
63.000
73.000
38.000
4 mount afloat............. ............
123.000 138.000 110,000 147.000
Of which American............... 120.000 135.000 105,000 140.000
„
Total bale».
N ew Y ork —To Liverpool, per steamer Cevio, 9,909.................. 9,909
The tone of the Liverpool market for spots and futures each
To Hull, per steamer Colorado, 2,769........................ ............. 2,769
To Havre, per steamer La Champagne, 4 9 0 ....____ . . . . . . . .
490 day of the week ending May 3, and the daily closing prices
To Bremen, per steamers Fulda, 9 9 1 .... L'rave, 3 0 9 .. . .___
1,300 of spot cotton, have been as follow s'
To Hamburg, per steamers Marsala, 360__ Prussia, 2,019. 2,379
To Antwerp, per steamers Manhanset, 1,000....Salerno,
Spot.
Saturday Monday. Tuesday. Wed’day. Thursd’y. Friday.
1 0 5 ....Westernland. 1,223 .......................................
2,333
101
To Copenhagen, per steamer Venetia, 101.................. .
To Christiana, per steamer Island, 50................ ............
50
Market, Ì
Firm.
Easier.
Quieter. Quieter. Harden’s. Quieter.
To Genoa, per steamer Olympia, 1,879.............................
1,879 1:45 p. M .j
To Naples, per steamer Olympia, 881.......................................
881
N ew Orleans —To Liverpool, per steamers Cuban, 8,310__
Mid.Upl’ds.
3*%
321s2
32lS2
3»ie
35s
3 19a&
Professor, 4,854 ...................................................................... 13,164
M obile —To Liverpool, per steamer Dalmally, 4,644.........
4,644 Sales -------- 12 000
12,000
10,000
12,000
12.000
10,000
To Vera Cruz, per steamer Nordstrand, 1 ,0 0 0 ..................... 1,000 Spec. &exp
1.000
500
500
500 . 1,000
500
Savannah —To Bremen, per steamer Mareca. 4.500...................
4,500
To Reval, per steamer Nyassa, 4,750 upland and 124 Sea
Futures.
Islan d........................................................................................... 4,874
Firm at Quiet at Quiet at Quiet al steady at Quiet at
Market, ? 2-64
B runswick —To St. Petersburg, per steamer Hypatia, 2,500.. 2,500 1:45
@ 3-61 1-64 © 2-64
8-64 de 1-64 © 2-64 at part’lly
p. M. J advance. advance. partially
N ewport N ews —To Liverpool, per steamer Rappahannock,
1-64 adv.
oline.
advance. 1-64 deo.
795m
— VY..........
; ......................................................................
795
B oston
—To
Liverpool,
per steamers Angloman, 1 ,7 3 1 ....
Market, ? Quiet.
Barely
Very
Quiet and
Quiet.
Quiet.
4 P. M. $
steady.
Cephalonia, 465 upland and 439 Sea Island___Lancas
steaav.
steady.
trian, 3.565 ................................... ............
6,190
To St. John, N. F., per steamer Bonavista, 1
1
The opening, highest, lowest and closing prices o f future»
To Yarmouth, per steamer Yarmouth. 150
150
B alt im o r e —To Liverpool, per steamer Ulstermore, 4 ,1 24.......
4,124 at Liverpool for each day are given below. Prices are on
To London, per steamer Minnesota, 500.................................
500 the basis o f Uplands, Low Middling clause, unless otherwise
To Rotterdam, per steamer Patapsoo, 100___ ____
100 stated:
P h il a d e l p h i a —To Liverpool, per steamer Ohio. 921.
921
KF“ The prices are given in pence and 64ths. Thus: 2 63 means
S a n F r a n c is c o —To Japan, per steamer Peru, 6 0 5 .....
605 2 63-64d., and 3 01 means 3 l-64d.
T ota l............................................................................................. 66,159
S a t ., A p r . 2 7 .
The particulars of these shipments, arranged in our usi al
are as follows:
fo rm ,
Liver
pool.
New York. 9,909
N. Orleans. 13,164
Mobile....... 4,644
Savannah................
Brunswick ........
N’p’t News
795
Boston....... 6,190
Baltimore., 4,124
Philadel’a..
921
San Fran................
y . Scotia.
Hull
Bremen RotterMexico
<£ Lon
ut Ham-- dam <£ Other and
don. Havre. burg. Anlw'p.Europe. Japan. Total.
2,769
490 3,679 2,333 2,911
22,091
........ . . . . . .
1,000 13,164
___
____
5,644
4,500
4,874
9,374
. . . . . . . . . . . . 2,500
2,500
...... ......
795
____ _
m
rnm
rnm
m
6,341
151
__b
......
100
4.724
■____
...... ......
921
........ ......... . . . . . .
605
605
T o ta l.... 39,747 3,269
490 8,179 2,433 10,285 1,756
66,159
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 — To Liverpool-April 26—Steamer Rita, 4 ,1 4 9 ....April 29 -
Steamer Vivina, 8,069.
To Havre—April 26 - Steamer Rita, 1,723.
To Bremen April 30 -Steamer Monomoy, 500.
New Orleans—To Liverpool April 2 7 -Steamers Alioia, 4,975; Mexi
can, 8,012; Santanderino, 6,950 .. . April 30—Steamer Rosse,
1,523 .. May 3 Steamer Floridian, 6,140.
To Havre—May 3—Steamer Chelydra, 6,219.
To Bremen April 30 - Steamer Memnon, 8,028.
To Hamburg—May 1 - Steamer Galicia, 1,777.
To Barcelona—April 30 - Steamer Berenguer El Grande, 5,700.
To Malaga April 30—Steamer Berenguer El Grande, 1,700.
SAVANNAH—To Barcelona—May 3 -Steamer Linda, 5,225.
Charleston—To Bremen—May 2-Steamer Gle iwood, 2,000.
To Barcelona April 26-B ark Catalina, 1,354.
Wilmington—To Bremen—April 30—steamer Corinthia, 3,881.
Norfolk —To Brem en-April 30—Steamer Menantio, 3,683.
B oston—To Liverpool -A pril 25 - Steamer Sachem, 2,898 upland and
65 Sea Island— April 26-Steam er Catalonia, 1,789 ...A p ril 2 9 Steamer Sagamore, 2 ,5 7 7 ....April 30-Steam er Bostonian, 1,331.
To Yarmouth - April 26 —Steamer Yarmouth, 10.
B altimore - T o Liverpool—April 24 Steamer Sedgemore, 552.
To London - April 29—Steamer Michigan, 1,050.
To Bremen—April 27—Steamer Oldenburg, 6,002.
To Ham burg-May 1 - Steamer Bohemia, 700.
To Rotterdam—April 25 Steamer Tampico, 700.
P m L A D E L P H iA - T o Liverpool—April 2 6 -8t-am er Southwark, 4 , 7 9 1 .
To Antwerp -A p ril 24-Steam er Illinois, 200.
Oottou freights the past week have been as follows:
Satur.
Mon.
Tues. Wednes. Thurs.
Fri.
Liverpool, steam.<i
764
7e*
764
* 764
764
Manchester........ d
••••
Havre, asked....c. 22*2-25t 22iat* 2 2 1at* 22 *21* 22ifl|* 221fif*
*
Do
later.. ....c
....
Bremen,e’ly J’ned
>6
*8
hi
*8
hi
1«
....
Do
la te r... d.
••••
....
Hamburg, steamd.
*8
*8
*8
*6
is
Do
..........d.
....
....
....
••••
Ams’dam, steam.e. 2 7 W
27*sf
27ifl1
2 7 1at
27i«1
27ifl1
Reval, v. Hamb.d. 23128
23L 8
23P,8
23128
23128
23128
Do v. Hull. ..d.
U 64
116*
U 64
n 64
U 64
1164
.
.
Barcelona..........d.
....
....
G enoa.................d. 964®5S2 ®64®®32 964 ® 53i ®64®632 904®532 964®532
Trieste, May l l.d .
n 64
n 64
“ 64
“ 64
X164
“ «4
Antwerp, steam.d.
hi
hi
*8
*8
18
is
Ghent, v. Antw’p.d
5S2
532
®S2
B39
582
532
t Cents net per 100 lbs.
* And 5 per cent.
A p r il..........
April-M ay..
May-June..
June-July..
July-A ug...
Aug.-Sept..
8ept.-O ct...
O ct.-N ov....
N ov.-Dee...
Dec.-Jan..
Jan.-Feb....
Feb.-Moh.
M o n ., A p r . 2 9 .
T u e s ., A p r . 3 0 .
Open High Low. Clos. Open High Low. Clos. Open High Low. Clos.
d.
d.
d.
di
d.
d.
d.
d.
d.
d.
d.
a.
3 88
3 88
3 38
3 39
3 41
342
3 43
3 44
3 45
346
3 48
3 33
3 38
3 33
3 39
3 41
3 42
3 43
3 44
3 46
3 46
3 48
3 38
3 38
3 88
3 39
341
3 42
3 43
3 44
3 45
3 46
3 48
338
3 38
3 33
3 39
3 41
3 42
3 43
3 44
3 46
3 46
3 48
W e d ., M a y 1 .
3 37
3 37
3 37
3 36
3 40
3 41
3 42
3 43
3 41
3 46
3 47
3 37
3 3?
3 37
338
3 40
311
3 43
8 13
3 45
3 46
3 47
3 37
8 37
3 37
3 38
3 40
3 41
3 42
3 43
314
3 46
3 47
3 3?
8 37
3 37
3 38
3 40
3 41
3 43
3 43
3 16
3 46
3 47
3 37
3 36
3 36
3 37
3 88
3 39
3 41
3 42
3 43
3 41
3 45
T h u rs. M ay 2.
3 3?
3 36
3 36
3 37
3 33
8 39
341
3 42
3 43
3 44
3 45
3 37
3 35
3 35
3 36
3 38
3 39
3 40
3 41
3 42
3 44
315
337
3 35
335
3 36
3 38
3 39
3 40
3 41
3 42
3 44
3 45
F r i., M a y 3 .
Oaen High Low. Ol08. Open High Low. Clos. Open High Low. Clos.
a.
d.
a.
d.
d.
d.
d.
d.
d.
d.
d.
d.
May............. 3 32 8 32 3 31 3 31 3 35 3 36 3 85 3 36 334 3 34 3 33 3 33
May-June..
June-July..
July-A ug...
A ug.-Sept..
Sept.-Oct...
Oot.-Nov..
N ov.-Dee...
Deo.-Jan....
Jan.-Feb....
Feb.-Mcb.
Mch.- April.
3 32
3 33
3 34
3 36
3 37
3 38
3 39
3 40
341
3 42
3 32
3 33
3 34
3 36
3 87
3 38
3 39
3 40
3 41
3 43
3 31
3 32
3 33
3 35
3 36
3 37
3 38
3 39
3 40
3 41
3 31
3 32
3 33
3 35
3 36
3 37
3 38
3 39
3 41
341
3 35
3 36
3 37
3 38
3 39
3 41
3 42
3 43
3 44
3 45
3 36
3 37
3 88
3 39
3 40
3 41
3 42
3 43
3 46
3 45
3 35
3 36
3 37
3 38
3 39
3 41
3 42
3 48
344
3 45
3 36
3 36
3 38
3 39
3 40
3 41
3 42
3 43
3 46
3 45
3 34
3 35
3 36
3 37
3 88
3 39
3 40
3 41
3 42
314
3 31
3 35
3 36
338
338
3 39
310
3 41
3 42
3 44
3 83
334
3 35
3 36
3 37
338
3 39
3 40
3 41
3 43
33»
3 34
335
336
3 SB
338
839
3 40
341
343
B R E A D S T U F F S .
F r id a y , May 3, 1895.
A fair volume of business has been transacted in the market
for wheat flour and decidedly higher prices have been paid
for winter grades, which have been in light supply. Spring
grades, however, particularly patents, have been more plenti
ful, but owing to the improvement in the grain millers have
been able to obtain more money. Rye flour has been scarce
and prices have further advanced. Corn meal has not had
much of a call, but prices have been steady. To-day themarket for wheat flour was fairly active at full prices.
Speculation in the market for wheat futures has been fairly
active and prices have continued to advance in response to
stronger foreign advices and on manipulation by leading
traders at the West. Crop news as a rule has been more fav
orable. In the spot market business has been quiet, as the
advance in values has placed prices too far above shippers’
limits to admit of business. No sales were reported yesterday»
No. 2 red winter was quoted nominally at 2 }^c. over May
f. o. b. afloat. To-day the market was fairly active and
prices closed a fraction higher on reports of dry weather in
the winter-wheat belt and manipulation by Western traders.
In the spot market business was at a stand-still and price»
were a trifle easier. No. sales were reported. No. 2 red
winter was quoted at 2c. over May f. o. b. afloat.
THE CHRONICLE
806
D AILY CLOSING PRICES OP NO. 2 RED W IN TER W H EAT .
Sat.
67%
68
68
68%
.0. 68%
0. . . . .
.0. 70%
Mon.
68%
68%
68%
69
69%
69%
71%
Tues.
67%
67%
67%
67%
67%
t>8%
70
Wed.
68%
68%
63%
68%
69
71%
Thurs.
68%
68%
68%
68%
69%
69%
71%
Fri
68%
69%
69 %
69%
69%
....
71%
The trading in the market for Indian corn futures has been
•quiet, but prices have advanced in sympathy with the im
provement in wheat. Crop news has been generally favor
able. In the spot market prices have advanced, owing to
-scarcity, thereby checking trade. The sales yesterday in
cluded steamer mixed at 54c. in elevator and steamer yellow
-at 55^@55%c. delivered. To-day the market was moderately
active and higher on less favorable weather advices from
the West. The spot market was firmer but quiet. The sales in
cluded steamer mixed at 54%c. in elevator and 55% delivered.
D A IL Y CLOSING PRICES OP NO. 2 M IXED CO R*.
Sat.
May delivery................ c. 53%
July delivery-.-............ o, 53%
September delivery— 0.
c. 54%
Mon.
53%
53%
54%
Tues.
52%
53%
53%
Wed.
54%
54%
54%
Thurs.
53%
54
51%
Fri.
54%
54%
55%
Oats for future delivery have been quiet, and despite the
advance in wheat and corn prices have declined slightly
under favorable crop prospects and a free movement of the
crop )rom the interior to the seaboard. The spot market has
been moderately active, but prices have been easier with
futures. The sales yesterday included No. 2 mixed at 32%@
32%c. in elevator and No. 2 white at 37@37%c. in elevator.
To-day the market was firmer on a demand from “ shorts” to
cover contracts, stimulated by less favorable crop advices
from the West. The spot market was moderatelv active and
firmer. The sales included No. 2 mixed at 32%@33c. in ele
vator and No. 2 white at 37%c. in elevator.
D A ILY CLOSING PRICES O P NO. 2 M IXED OATS.
May delivery..................o.
-June delivery.............. c.
July delivery. . . . . . . ...o .
Sat.
Mon.
32% 32%
33% 32%
33% 33
Tues.
31%
32
32%
Wed.
32%
32%
33%
Thurs.
32%
32%
33
Fri,
33
33
3338
FLOUR.
Flue................. # bbl. $2 20© 2 30 Patent, winter.......... $3 40®$3 65
'Superfine....... .......... 2 40® 260 City mills extras. . . . .
335
ISnra, No. 2 ............... 2 60® 275 Rye flour, superfine.. 3 60® 4 10
Extra. No. 1............... 2 70® 290 Buckwheat flo u r..............® . . . .
Clears............. . . . . . . 2 80® 3 25 Com meal—
Western, &o... . . . . . 2 60® 2 65
Straights. . . . _. . . . . .
3 30® 3 60
2 75
Brandywine............
Patent, spring........ 3 60®$4 10
[Wheat flour in sacks sells at prices below those for barrels.]
GRAIN
Corn, per hush—
0.
78
West’n m ix e d ......
70%
Steamer m ixed....
71
Western yellow ...
77
Western White___
34% Rye—
41
Western, per hush.
33%
State and Jersey..
37% Barley—No.2 West’n
State 2-rowed.......
State 6-rowed____
' |W For other tables usually Riven here see page
rheat—
Spring, per bush..
Red winter No. 2 ..
Red winter.. . . . . .
White.......... ...........
ats—Mixed, per bn.
White.....................
No. 2 mixed..........
No. 2 white............
e.
61 ®
68 ®
60 ®
72 ®
32%®
37 ®
32%®
37%®
0.
0
52 ® 58
54%® 56%
53 ® 56
53 ® 56
65 ®
®
®
®
.... ®
78 2.
66
New Y o r k
to
[VOL. LX.
A pr . 29.
1895.
1894.
Week. Since Jan. 1.
Week. Since Jan. 1.
1
328
93
455
645
8
1,986
1,079
11,786
2,814
6,424
2,696
,6,111
1,162
3,740
17,977
1,939
126
65
25
1
....
914
239
20
66
781
44
2,236
1,342
32,665
3,962
7,280
3,055
6,844
661
2,061
12,678
1,022
2,769
1,350
57,714
7,800
2,281
....
73,806
8,878
65,514
T o t a l.............................. 4,119
From New England mill points direot.
2,281
82,684
Great Britain........ .
Other European....................
China.......................... .
India................................... .
Arabia...................................
Africa ............................... .
West In d ies.....................
M e x ico ____. . . . . . . . . . . . . . . . .
Central A m e r ic a .............
South Am erica.. . . . . . . . . . . . .
Other Countries..................
279
7
807
146
Total.................................
China, via Vancouver*....
The value of the New York exports for the year has
been $2,608,381 in 1895 against $3,929,212 in 1894.
There have been further advances reported during the
week, changes in wide sheetings being most prominenc; the
majority of these, however, have been of a leveling-up
nature, and the market for staple cottons generally can
hardly be reported higher than a week ago. Brown sheet
ings, drills, ducks and osnaburgs have all been in quieter de
mand on home account and export business has been mod
erate only. Bleached shirtings have sold in moderate quan
tities, prices are firm and stocks light. W ile sheetings are
occasionally %c. to l% c. higher. Colored goods firm, with
fair sales, and in denims and ticks prices are sometimes % c.
to %o. higher. Cotton flannels firm and in fair demand. In
linings the market is very firm throughout, buc business mod
erate. Prints are against buyers in all regular makes, with a
quiet business ; printed wash fabrics also quiet. No change
in ginghams, which are d u ll; fair demand reported for
domets and other napped fabrics. In print cloths only mod
erate sales have been reported, but prices have further ad
vanced l-16c. to 2 13-16c., closing strong.
1895.
Stock o f Print Oloths—
Apr. 27.
At Providenoe, 64 squares....... .....1 2 4 ,0 0 0
At Fall River, 64 squares............... .
9,000
At Fall River, odd sizes.................. . 91,000
Total stock (Pieces)..................
1893.
Apr. 29.
60,000
66,000
660,000
116,000
1894.
224,000
F oreign D ry Goods.—The market for foreign woolen and
worsted dress goods for fall has an advancing tendency in re
sponse to advices from abroad, and in some instances early
purchases cannot be duplicated. The demand has been mod
erate. Silks also are very firm with fair sales. In other di
rections business has proved of an average character and
without special feature.
Im p o rta tio n s a n d W a reh o u se W ith d r a w a ls o f D ry G oods
The importations and warehouse withdrawals of dry goods
at this port for the week ending May 2, and since
January 1, 1895, and for the corresponding periods of last
year are as follows:
THE
I fF ill
■ »
n i
0:
COrf^MKJtO
tfs»0DQ0Q0CR
OMCRrf*©
01
71,965
60,907
95,993
65,459
20,099
Í)
►
w
8
w
Si
65
2
M
Q
an .ca
34,519
410,283
go
s
s
®32SQ^S
I 314,423
¡1,239,912
DRY GOODS TRAD E.
M
N ew Y ork , F rid a y , P. M., May 3, 1895.
•to
5:g
t:M; o® §■
The demand for staple cottons has in the aggregate been
&• • H
1 i.
considerably smaller this week than for several weeks past,
PS s
©
5*
although in some directions, particularly in colored goods, it
has kept up fairly well. This shrinkage in business has not
com e unexpectedly. It is a natural sequence of late large
trade and of the higher general range of values, with which
buyers have not all become reconciled. At the same time oo j aw
there is more doing than usual at this stage of the season, 'co Vilo to to oo to to
Oi
* 2s <]
»- tOOOirf* ©
to rf*
when business usually shrinks to very small proportions, and a to
O O P I ^QHtOOi
oo
w
from the number of bids still being turned down it is evident
M
HM
loco
more would be done if sellers were less reserved. The market
CO0t
ts m
COJO
if*.
«eems to be unusually bare of immediate supplies in leading
mm 'm'cooo M 60
c©
V
i
staples, and quite a large proportion of the output for this
H05. <1<IMC©0 g W
iocn Qq0COM<J 8,6»
month and next is already contracted for. This condition
«!
points to a maintenance o f advantages recently gained until
the usual fall trade develops. The weather has been unfavor
ppCOGOp
able to the sale of fancy dress fabrics, and these have ruled
too 'Ídocí
ViV o*
>tOOOCRO i) 1o
oo£>• co
quiet all week. In the woolen goods department the situation
enos croo
coco
t lias undergone no material change. The auction sale of the
i 60
stock of E. S. Jaffray & Co. began Wednesday and will con
Jfe
^
O
Q
C
<
1
C
R
'»-»on c : c o c o 05 W
O <1
tinue all next week. The results so far promise to come
coo
05
M© ©co©oo<i rt
as cr
fully up to the receivers’ expectations.
CRCO
QlGO
loloVlCflCO
<100
00
O
C
O
C
O to o
roo
W oolen Goods.—The market for men’s-wear woolens has
CO00
coo h-cjro<ico
been dull again this week, no new feature being developed in
the demand coming forward. Agents are disturbed by re
00 O Mto to COCO Q CO
newed labor troubles, which must interfere more or less with
CO^I coro o o c o
MO COMMCOCO
deliveries against orders on hand. There has been no change
5
»
in prices of either staples or fancies. Business in dress goods
0
501
H © C5rf*
toco
M
-4 tool
shows some falling off, but the tone of the market is firm, with
to
2
indications of higher prices shortly in some quarters. Cloak
MOOto COM B9 '•
Vo
v<l
¡fe
COO! rororf*oo<i w
MC
O CO35
ings are quiet throughout. Overcoatings dull and featureless.
coco rf*COGO05to O CO CO05
Uj~“
The week’s experience in wool blankets has been decidedly
CR
encouraging, an active demand has come forward and a num
Mrf*.
05on^ corf*
00
ber of makes are already so well sold ahead that agents are
coco ©VtOVV
COCO
talking of higher prices, a slight advance in some quarters
<JO M<1COGOOi
<100
rf*co COrf*COto
fh<l
having already been notified. Blankets firm with a quiet
business doing.
MtOK) w
C0<1 rf*OtOMQO
coo
Domestic Cotton G oods.—The exports o f cotton goods O
co ! to M MMOlQOrfk
toco
0 05
from this port for the week ending April 29 were 2,769 J© j <|to tOMCO^IM
cr©
C
O
C
R
C
O
COM
to
COO
packages, valued at $141,874, their destination being to the O I CRCR CRM O CO00
cr©
tf*C
R
Q
Q
©
C
0
If*
I
0*0
rf*0
points specified in the table below:
9
Apr. 28.
219.000
356.000 )
85,000 $
cnporf*JO<l s
V 05^0MCO
©^i<i-*rf* *
cn
<jgo ►
coootOMCn
0
5^ rf^ento
^ M^ © h-
MMcnto
cn^cocnco
<PpU*COO*n s.
8 co 0 05 ©toco
^ato 050005
-^COCOtOH
3
H
w
Mtojoto
w
w
o
*1
%
d
o
COCOtOCO05 %
MOOOC5
tool cuento H
»
CJiVcoV'tO
O 05COO M
<1<105Ut^l
'ÍOMOOCOCO
COcocoon
O COo COo
K
E
C5 00 M Q O O I
enoencoo
M AOM O
to
O
5
tfa
*
C
0
C
n
V
O 4^
M
Oipirf^CO o
to COCO1^-01
fcotocR
co com good
COCO05M©
<1to to coco
c©<xcrcr<i
00 GO CO © tO
tocn
ocn
oo
R^
H
COO 00CO05
vico
05O to 05CO
j&icooj^pa
V
moVV
cnto^coco
OX COto05
Vcn^oocn
to^Mcoco
COMo Ol o
05COto 4*Of
cnGi*to 05CO
050 •‘105tO
tOM05COtO
0-^tOMCO
M<| u to^1^9
00if*to 05M
COGR05<]
•**JCO05MO
CO
cncotorf*cn
cocn to
COMW o
MO C0OC3
GOCJiQOMtO
J^CRMCOCO
M^3500<|00
tococo^ico^e
xoa
toocnbTcn
<1toCOCOto
05|^<IO^
THE CHRONICLE.
Ma y 4, 1895.]
807
......... ................. .................
AWP C ity DgfAfrTM ENT.
term s
of
s u b s c r ip t io n .
C o m m e rc ia l a n d F in a n c ia l C H R O N I C L E con
tains 4 0 to 6 4 pages, published every week.
S tate a n d City S u p p lem en t of C H R O N I C L E con
tains ISO pages, published periodically.
In v e sto rs’ S u p p lem en t of C H R O N I C L E (a Cyclo
paedia of Railroad Securities) contains 1 6 0 pages, published
quarterly.
Street Railway Supplement o f CHRONICLE
contains 85 pages, published quarterly.
Subscription to CHRONICLE for one year $ lO .O O ,
which includes every issue of both S upplements .
.
-¿a
Brooklyn, N. ¥.—It is reported that Brooklyn has sold 4
per cent refunding bonds to the amount o f $2 0 0 ,0 0 0 , $1 0 0 ,0 0 0
due 1911 at 107 90 and $100,000 due 1912 at 108 16. The
securities were purchased by W. E. R. Smith.
Cambridge, Mass.—On April 27,1895, the city of Cambridge
sold $ 2 00 ,0 00 of 4 per cent coupon water bonds to Blodget,
Merritt & Co. at 107*076 and accrued interest. The securities
are dated April l, 1895, interest will be payable semi-annually
and the principal will mature April 1,1915.
Eleven bids were received for the loan as follows:
Bid.
Blake Bros. & C o.........................................................................1 0 6 * 3 2
Brewster, Cobb & Bstabrook........................................................... 106*21
Jas. W. Longstreet & Co........... ............................ ..........................105*02
R. L. Day & Co............................... .................................................. 105*797
E. H. Rollins & Sons............................... .........................................106*539
Lee, Higginson & Co................ .................. ........................ ........... 105*913
N. W. Harris & Co...........................................................................106*045
Cambridge Safe Deposit & Trust C o . . . . . . . . . . . . . . . . . . . ............. ..106-889
Harvey Fisk & S o n s ......................................................................106*57
.........105*63
Lamprecht Bros ............... ............................... .
Blodget, Merritt & Co.
........................................................... 107*076
Cape May, N. J.—J. Ashton Williams, City Recorder, re
ports to the C h r o n ic l e that an ordinance authorizing the
issuance of $ 10,000 of bonds for improvements to the water
One tim e .. . . . . . . . . . . . . . . . . . . $350 Tttree Months (13 tim es)..$25 00 works has been passed by the Council, but has yet to be ap
(26 tim es).. 43 00
One Month
(4 times).. 1100 Six Months
Two Months
(8 times).. 18 00 Twelve Months (52 times).. 58 00 proved by the Mayor. The securities are to be of the de
(The above terms for one month and upward are ior standing cards.) nomination of $ 100 each, and will bear interest at the rate of
5 per cent, payable semi-annually in June and December.
Carrollton, Ohio.—The citizens of Carrollton voted on
T h e p u rp o se o l this State a n d City D e p a rtm e n t
April 21 in favor of issuing $30,000 o f water-works bonds.
is to furnish our subscribers with a weekly addition to and
Central City, W. Va.—The citizens o f this municipalty will
continuation of the S tate and Cit y S upplem ent . In other
soon vote on issuing $2 0,0 0 0 of water-works bonds.
words, with the new facts we shall give, the amplifications
Chanute, Kan.—The people of Chanute will vote" May 10 on
and corrections we shall publish, and the municipal laws we
issuing $40,000 of water-works bonds.
«hail analyze in the “ State and City Department,” we expect
Chatham, N. J .—An election will probably be held to vote
to bring down weekly the information contained in the
on issuing $2 0 ,0 0 0 of water-works bonds.
S tate and C it y Supplement to as near the current date as
Columbus, Miss.—A dispatch from New Orleans this week
possible. Hence if every Subscriber will note in his S upple
to Mr. Joseph Packard, Jr., of Baltimore, Md., counsel for the
ment on the page designated at the head of each item a
holders of the defaulted 6 per cent bonds of Columbu3, Miss.,
reference to the page where the item in the Chronicle can announced the final termination of litigation in favor of the
be found, he will at all times possess a complete and fresh bondholders. The validity of the bonds is established by the
United States Circuit Court at New Orleans, affirming the
cyclopaedia of information respecting Municipal Debts,
decision of the lower court, which gave judgment on all
points for the holders of the bonds.
The issue amounted to $100,000 and the whole amount is
B o n d P r o p o sa ls a n d N e g o tia tio n s .—We have re held
in Baltimore, Md. Default in the payment of interest
ceived through the week the following notices of bonds was made one year ago, the city of Columbus alleging that
recently negotiated and bonds offered and to be offered for the issue was invalid.
Overtures to compromise the matter were made, but were
sale.
rejected by the bondholders’ committee. John W . Dennson is
Alpena County, Mich.—Proposals will be received until chairman of this committee, and the other members are James
May 15, 1895, by Andrew J. Simmons, County Clerk, for the G. Wilson, of Wilson, Colston & Co., and Frank T. Redwood,
urchase of $100,000 of 5 per cent road bonds. Interest will of Lowndes & Redwood.
e payable semi-annually and the bonds will mature at the
Custer County, Mont.—On April 23,1895, the County of
rate of $5,000 yearly in from 20 to 40 years.
Custer sold $274,000 of coupon bonds to Messrs. Seymour,
Antwerp, N. T.—An election held April 25 to vote on issu Barto & Co., for $275,200, the loan to bear interest at tbe rate
ing $30,000 of water-works bonds resulted in favor of the of 6 per cent. The securities will be dated July 1, 1895, in
proposition.
terest will be payable semi-annually, and the principal will
Appleton, Minn.—Proposals will be received until May 22 Php.ture July 1,1915, with an option of call July 1 , 1905, both
for the purchase of 6 per cent bonds to the amount of $8 ,000 j principal and interest to be payable in New York.
the loan to run 10 years.
1 |E
Dayton, Ohio.—Bonds of this city to the amount of $20,000
Aroostook County, Me.—Bonds to the amount of $228jeW ^were recently voted for a bridge.
have been voted in aid of the Bangor & Aroostook RailrogR*
Detroit, Mich.—It is reported that this city will petition
Birmingham, Ala.—A bondholders’ committee has pub
lished the following n otice: The authorities of the city of the Legislature for authority to issue $2,500,000 of water
Birmingham, Alabama, having issued a circular declaring works bonds.
Elberton, Ga.—It is reported that $12,000 of electric-light
that default will be made upon the several issues of the bonds
of that city unless the holders of such bonds consent to ex bonds of Elberton have been sold to N. W . Harris & Co.
change the same for a new bond bearing interest of 3 per cent
Escambia County, Fla.—On April 25, 1895, the County of
for ten years and at 4 per cent thereafter, it is necessary that Escambia sold $30,000 of 6 per cent coupon bonds to N. W .
the bondholders should unite and take such action as may be Harris & Co., of Chicago. Bids were received ranging from
■desirable for their protection.
to 3% per cent premium. Tne loan matures July 1, 1911
With this end in view, the undersigned have consented to par
$1,500 of the amount being subject to call annually, and both
act as a bondholders’ committee and will be pleased to have principal and interest being payable at the Importers &
all the holders of the bonds unite with them in the organized Traders’ National Bank, New York.
action proposed. A copy of the proposed memorandum of
agreement will be sent on application to the Chairman of the
Fall River, Mass.—Sinking fund water bonds of this city
committee. Robert C. Davidson, Chairman ; Wm. H. Black to the amount of $25,000 were sold on April 27 to Harvey
ford, T. Edward Hambleton, Wm. A. Fisher, R. B. Sperry, Fisk & Sons at 107*37. The loan bears interest at the rate of
4 per cent and runs 30 years.
*of R. B. Sperry & Co.
Flint, Mich.—The citizens of Flint voted April 25 n
Boulder, Col.—An election held April 2 to vote on issuing
‘$ 1 2,0 0 0 of sewer bonds resulted in the defeat of the proposi favor of issuing $150,000 of water-works bonds.
tion.
Fulton, Mo.—Electric-light bonds of this city to the amount
Brockton, Mass.—On April 25, 1895, the city of Brockton of $12,000 have been voted. The loan will probably beari n¡sold $175,000 of registered sewer bonds and $25,000 of coupon terest at the rate of 6 per cent.
a t
water bonds to R. L. Day & Co. at 103*196 and 105*327 re
Grand Rapids, Mich.—A resolution authorizing thè city to
spectively, and accrued interest. The securities are dated borrow
from $175,000 to $200,000 and issue 10 year deficiency
April 1,1895, interest at the rate of 4 per cent will be payable
therefor was unanimously adopted by the finance com
semi-annually on April 1 and October 1, the sewerage bonds bonds
maturing at the rate of $7,000 annually, beginning April 1, mittee, payment of same to be secured by levying an addi
tional tax of one to one and one-half mills on the dollar.
1900, and the water bonds to mature April 1, 1925.
Six bids were received for each of the loans as follows:
Hale County, Ala.—Proposals will be received until to-day
Sewerage.
Water. for the purchase of 6 per cent 2 0 -year bods to the amount o£
33. H. Rollins & Sons, Boston....................................102*539
........ $25,000.
Dietz, Denison & Prior, Boston_____ _________ _________
103*279
Havensville, Kan.—R. C. Coverdale, Mayor, reports to he
Blodget, Merritt & Co., Boston................ ...............102*786
104*697
R. L. Day & Co., Boston........................................... 103*196
105*327 C h r o n ic l e that bids will b e received until May 15 for the
-Cushman, Fisher & Co., Boston............................. 102*13
103*262 purchase of $2,500 of 6 per cent 10-year water-works bonds,
JBlakeBros. &Co.,Boston.................................
102*41 104*15
The securities will be dated May 1, 1895.
Brewster, Cobb & Bstabrook, B o s to n .......... ........ 102*53
104*23
Terms of Advertising—(Per inch space.)
* 3 en\ik er’
There is a current report to the effect
that water-works bonds of this town to the amount of $19,000
S
bt w ! f t b u t ,we are informed by J. C. Cogswell,
cierK, tnat the town has never voted to issue bonds of any
kind.
f
reported that this town has voted to
issue )>40,000 of viaduct bonds.
H illsborough, N. H.—The people of this town have
recently
voted
sewer
an expense of $18,000, for
i. i
-« to build
~— a wv»»v
i.' at a
which bonds will probably be issued.
HoHand, M ich.—Proposals will be received until May 7 ,
of $ 1 2 nan e °ffice of Geo. H. Sipp, City Clerk, for the purchase
of $1 2 ,0 0 0 of electric-light bonds and $6 ,0 0 0 o f water bonds.
win kL Uritiej[ W1K bear mterest at
rate of 5 per cent and
will become due February 1 , 1905.
May X, 1895 the city o f Indianap° ° ’i 0AT0f 1 p?r cenfc r e a d i n g bonds to Messrs.
Blair & Co of New York, for $208,625 and accrued interest.
The securities are to be dated July 1 , 1895, interest will be
payabte semi-tinnuaHy on Jan. 1 and July 1 at the office of
Messrs. Winslow, Lamer & Co., New York City, and the prin
cipal will mature July 1 , 1915.
F
nually and the principal will mature in 30 years, both nrinoipal and interest to be payable in gold coin. Seventeen bid»
were received for the loan as follows :
n ia&
Savings Bank o f Newport...............................
,,,,
_
E. H. Gay <fe Co., Boston.....................I!!".".'.".".'.".!!......................
in 9 ’9oA
Blodget, Merritt <fe Co., Boston..................
............................
Bristol County Savings Bank of T a u n ton ..."..........................
Brewster, Cobb & Estabrook, Boston................................... V
R. L. Day & t o , B o s to n ....................................... ........................
...............
E. H. Rollins & Co., Boston...............................
Lee, Higginson & Co., Boston...............
.........................
Harvey Fisk & Sons, New Y ork..................... ..............................
^08,427
i w ’S
iX-v
in « o 5 ?
Cushman. Fisher & Co., Boston ... .......... I ................................
National Bankof Rhode Island, N ew port....'...".""..................
..........................
E. T. Moulton, P ro v id e n ce ............
Industrial Trust Company, P r o v i d e n c e " " " '. '. " " " . " " // * " ; ; ;
i 9^295
104500
inS’aS?'
ioi|oOO
Passaic, N. J .—An ordinance has been introduced in the
Council providing for the issuance o f $24,000 o f coupon bonds
to refund a like amount of securities falling due June 1,1895
The new bonds will be dated June 1, 1895, will bear interest
at the rate of 5 per cent, payable semi-annually, and will matonnnnn Cannty.’ tN- Y:~ C ou n ty Treasurer Adams has sold ture at the rate of $1,000 annually, beginning June 1, 1896 a
$200,000 of registered county bonds to W . E. R. Smith, o f
New York City. For $100,000 of bonds running till 1911 Mr. I S S fX dn l bee. CreaKd ,0 r th6
inadi « 0 7 mu’ and for an equal amount expiring in 1912 i«5;etKrSi a A^’o 7 a' T Proposals wiI1 be received until May 15*
he bid 108-16. There were six other bidders, but Mr. Smith’s $194*500 S 5 0S laugbt®rA
Treasurer, for the purchase of
figures were the highest. The bonds pay 4 per cent CM. & N ) $194,500 of 5per cent Southside Railroad Renewal Bonds ,r
interest. In May last similar bonds sold for 104-05.
The securities are dated April 1, 1895; interest will be payable
^■77^1 P- Harrington, City Treasurer, reports
1
october v • « * * •
to the C h r o n ic l e that bonds of Lockport for a public market
2 B °lty 1i8h.tlngu^ reA aPProved by a majority of votes 20Pir8i?5Cei i nwMnn n_PrOp°^als- 7 i11 be recei7ed until May
cast at an election heffi April 9, but. as it so near the adjourn 20, 1895, by H. C .C ooney, President of Village Council, for
ment of the Legislature the bonds will probably not be issued the purchase of $19,000 of 5 per cent water works, sewer and
until next year.
J
electnc-hght bonds The securities will be dated’the day of
Logan, Ohio.—Proposals will be received until May 9 for sale »interest will be payable annually at St. Paul, Minn
and the principal will mature in 20 years. The assessed vain/
the purchase of 5 per cent bonds to the amount of $60,000.
^ Lynn, Mass.—It is reported that this city has sold $88,000
earR bf°if? 8 afc , 103 015 aud $2 0 ,0 0 0 of 2 0 -year bonds at
105 615. Both loans bear interest at the rate of 4 per cent.
Ihe securities were awarded to Messrs. Lee, Higginson & Co.
$35°40Of T h Y lila>Se in 189i wa®^195’000 5
tax (per $1,000>
$30 40. The population, according to local figures, is 1,500.
o ,S “ in 7 ’ * ? a88*--Four p^ cent gold water-supply bonds of
Quincy to the amount of $45,000 were sold on May 1 to E. H.
Rollins &J3ons at 105-459. Five other bids were received, as
a
? I a s s , T I .t is. reported that this town voted on
April 25 in favor o f issuing $100,000 o f sewer bonds.
, M?r H ian’ Hiss.—Six per cent 30-year paving and sidewalk
bonds of this city to the amount of $105,000 have been voted.
of^o?nnnni?0 lfF8’ 5 5,i “ n-—Bonds o f Minneapolis to the amount
o f $.00,000, offered for sale April 29, have been awarded to
J- Hayes & Sons for $210,542 and accrued interest. The
securities bear interest at the rate of 4 per cent and run 30
years. A complete list of the bids received is given below.
from one to thirty years from’ date ¿f'issu eT b° ndS matUre lu
Ramsey County, Minn.—Public building bonds of this
county to the amount of $300,000 have been authorized.
Ramsey County, N. D.—On April 27, 1895, the countv of
S F u l t o n & rn °° ° /n P6r/ £ nt, 2° 'year ^funding bonds to
* 2 1 8 to
’ f ,? rand Forks>at Par and a premium of
5
fi
t0 pa^ ad expenses and furnish blanks. Four
other bids were received as follows:
W. J. Hayes & Sons, Cleveland, Ohio......................
$ 210‘f l ? ’
K. Kleybolte & Co., of Cincinnati.................... ....................... z m ’ atn
Blodget, Merritt & Co., of Boston...............
o?Z’ o=9
Lamprecht Bros. & Co., of Cleveland, Ohio I : : ! ; : : * : ............... 209 720
Deitz, Dennison & Prior, of Cleveland...............
.................. 200 von
H- L* Hay & Co., of Boston.................
.................... 01 n 729
James G. Campbell bid par, costs and $217 premium
Brewster, Cobb & Estabrook"!I’
.........................................
Janies W. Longstreet & Co,, of B oston ..'..'.'"’ ..........................
Parson, Leach & Co», of Chicago................
.........................
Third National Bank, of Boston................
..........................
Storrs & Smith, o f New York
......................................
C. H. Chadbourn & Sons, of M in n e a p o lis '...............................
u m HJune
u i f i1,an!1885,
8p
C5OUh
' ~ PrOPOSaIs
wiU b« received
until
byty;bN'nH
the County
Commissioners
for the
purchase of $12,500 of 4 per cent funding bonds. The securi
ties will be dated July 1, 1895, interest will be payable semi
annually and the principal will mature July 1, 1905.
o9r9’™ 9
I oq’ o« ?
fn v o o n
207,fQO
2^0 050
E' peisees.&S° n8,8t' PaUl’ MInn-’ bid » ar> lGSS 2 per cent for ex-
* °C0VOT “ p“ 3« -
Si ?■
* Co., °f Boston.................
Salem, Ohio.—Proposals will be received until May 21 for
the purchase of $4,800 of paving bonds.
Camphel , Wyld * Co., of Anderson, in d /"..........................
Blair & Co., of New York...........
......................... oXn’ o 9
Tof Boston MeotiailIcs’ Savings Bank-E." H/Boilfiis &"sone,
9,3° 9
JTi. y?'u~A,' B * Tf'ou=b’ Sergeant, reports to the
........ .......................... ................................................. 209158
^
the election held April 25 to vote on issuing
$5,000
of
water-works
bonds resulted in favor of the pronosiA la .— Mayor C. Lawrence Lavretta notifies the
tion
by
a
iarge
majority
The loan will bear interest aTthe
C h r o n ic l e , in reference to a report that the people of Mobile
i5
P
inr
°
ent
andwi11
matur? iQ 29 years, with an option
or
nds’ that ofnothe
e K State
c C w afailed
k h e ld
or mithorized
authorized. °°Thh'
The p8ue
General b°
Assembly
to of call in 10 years. The bonds will be prepared at once.
give the city power to issue bonds and therefore no loan will
Springfield, Mo.—IMS will be received until May 14th for
be issued at present for any purpose.
the purchase of $25,000 of funding bonds, the loan to bear
interest at the rate of 4 ^ or 5 per cent.
• H ® nro, e County. Fla.—This county has petitioned the Leg
islature for authority to issue $350,000 of bonds.
g TiT,fp^ing®.eld’
~ An election to vote on issuing $5,000 of
$l(k?nnn
April 27, 1895, the city of Nashua sold a at9,r"0w?r^s bonds was to have taken place at Springfield on
April 2, but owing to a mistake ia getting up the petition the
EstatoKK^f
orSlOS^l
ore*Thdmg
b?^ ds are
to dated
Brewster>
UiStaorook for
$105,410.
The securities
Mav Cobb
1 1895& vote was not taken at the specified time. No definite action
and payable May 1, 1915. A list of the bids re ce iv e rs as fol has as yet been taken as to when the eleorton w/ll be h elT
but it will probably be about June 1.
lows: Cushman, Fisher&Co., $101,746-Blake B ros
«¡mo
Standish, Mich.—It is reported that water-works and
s?2 lg n °dr t Mr “ i £ C/.1W S.056; jf m e s w !
$104*280• ^ ^FTDRyii& Co'jl ^¿03,519; He°rge A. Fernald & Co., beinvotedht b° ndS ° f thlS
t0 the amount of $10,000 havt
E 8 t o S k f j l ? 5 , i S o ! ,m3 & S° D' i l 0 5 ’ ° 79i B ^ e r . O o b b &
S
I S
1^ • " ¿ r»h r ! u P e r C 6n t f e 0 ld b o n d s a n d S t o c k O f
St. Charles, Minn.—It is reported that water-works bonds
of this municipality were voted on April 26.
the city of New York to the amount of $358,015 were sold on
»»'-W a te r-w o rk s bonds to the amount of
April 29 to Blake Bros. & Co. and Harvey Fisk & Ftoh,
$50,000 are under consideration.
u
100'05. Two hundred and fifty thousand dollars of the secur
ities are assessment bonds issued for the improvement of Park f i e f t h X ^ ^
Avenue above 106th Street and payable November 1 1899
and $108,015 are consolidated stock, known as fire department
c s a r ^ s ‘.horizsd1
S
? 5 nnWm
QatUring ? i?
VT bef
$3,500
of assesment
bonds
at 95. 1914- B* Weschler bid for M^°10d I 8 9 I S UrntI ’ ^ wa- Proposals will be received until
! ' - ° n April 29, 1895, the city o f Newport noTChase^f $230 o n n ^ 'f^ P 1111’ Ju"’ ^ ounty Treas«rer, for the
T h / 330,° v 0f Jtidgment bonds and $30,000 of funding
sold $100 000 of 4 per cent public improvement bonds to the E «
Savings Bank of Newport at 110 25 and accrued interest The to ^ S to ZbA I* ™ !?™
be dat.ed May 1, 1895 ; interest a !
securities are dated May 1,1895, interest is payable seiffi-an- and Noev ° i ^
b6 ? ayable BemVannu^illy on May’ 1
and Nov. 1, and the bonds will mature May 1, 1915, with an
a
809
THE CHRONICLE.
Ma y 4, 1895.]
Three thousand doUars of the township’ s debt are being paid off eaoh
oDtion of call after May 1, IMS. both principal and interest to
be payable at the office of the County Treasurer. Payment of
nrinciDal and interest is guaranteed by a tax levy. *
P The total indebtedness of the county (all bonded) including
this issue will be $538,000. The a^essed^valuation in 1894
was , ,574,718.. property
. _
third of the actual value, Population,
ures, is 60,000.
Woonsocket, R. I . - O n April 27, 1895, the city of Woons o S T s T d $150,000 of 4 per cent r e g « t , ^
bonds to N. w . Harris & Co., o f Boston, at 104 41 and ac
crued interest. The securities are dated Mav 1, 1895, interest
I
n terest
on the refunding bonds is payable at Springfield, 111., .or
at Amboy, 111.—The following is a statement of the finances
of Amboy on Feb. 1 1895.
This township is in Lee County. The bonds described are
registered with the State Auditor.
‘
~
Net debt Feb. 1,1895. ...$119,500
When
Due.
I flANS_
Tax valuation, real...... .. 434,13b
CHICAGO & R O C K R IV. B O N D S Tax valuation, personal. 87,033
10s, July 1, $1,500. . . . July 1,1881 Total valuation 1895....... 521,168
F unding B onds—
6s, July 1, $6,000
.July 1, 1895 Population in 1890 was........ 3,139
(part yearly) to July 1, 1897
6s, July 1, $113,500...- -. ..- -July 1
(part due yearly) to July 1,1912
.
INTEREST is payable by State Treasurer, Springfield.
T r S ie T 11M n ^ d s 1wCTe^ecei?ed for the loan as follows:
Alexander County, I l l.- T h e following is a statement of
ibe financial condition of Alexander County on Sept. 30,1894.
Conn“ “ ¿ “ “ Cairo. The hoods below are regritered with
_ .
.......... 104*41*
N. W. Harris & Co., Boston.............................................
103*389
R. L. Day & Co., Boston --•**••i*’ *................................... .".*” ..100*76
James M. Longstreet&: Co.,_i30Ston.................................... "..” ".100*57
Brewster. Cobb & Estabrook, Boston — .......... . . . . . . . . . . . . .
^_oi*634
Blodget, Merritt & Co., B oston .................................................... .
Richardson & Clark, Providence............................................... " 101*876
Cushman, Fisher & Co., Boston............................... .................. 102*7799
E. H. Rollins & S on s, Boston......................................................* 102*17
W. J. Hayes & Sons, Boston..........................................................
the A u d itor.
LOANS
ters _________ . •
in
_
------------Princi
p fie payable
When Due. Dutstcind’(/.
J & J Jan. 1, 1892
$41,000
Cairo & St. Louis R R -............. »
J & J July 1, 1892
68,000
Cairo & Vincennes R R ............. |
j “ $ June 1. 1898
112,500
NAME AND PURPOSE.
F INTERE^T*on bond^ is payable by State Treasurer, Springfield.
POIIALIZED VALUATION in 1894 was $2,324,082.
POPULATION in 1890 was 16,563; in 1880 it was 14,808.
STATE AND CITY DEBT CHANGES.
Beardstown, I ll.- T h is city is situated m Case Coirnty.
W e subjoin reports as to municipal debts received since
I n AIM'S—
When
Due.
■
|
the last publication of our S t a t e an d C i t y S u p p le m e n t
R ockford R. L & St *l *BoI? i 8™ Assessm’t about 15 p. c. act. value.
10s, semi-an., $1,300...............1889 Total tax (per $1,000)............ $7*43
Some of these reports are wholly new and others cover items
refunding B onds—
in 1890 w as.........4,22b
J&J, $101,000...$5,000 yearly Population
of information additional to those given in the S u p p l e m e n t 5s,
Population in 1880 was.........3,135
Interest payable by State Treasu r.
and of interest to investors.
Brimfield, 111*—This township is in Peoria County, The
boncls described are registered with the State Auditor.
Aroma, 111.—This township is in Kankakee County.
When Due. I 5s, J&J, $47,000. -----Jnly b I|95
LOANS, Wfcen Due. I T ot^ d eb t Jan. L 1 8 9 5 ..-J|0,000
LOANS(Part due yearly) to Juiy l . lOOa
7sRJuîyÎl $4 500D8’ ..Apr. 3,1905
7s, Jmy l , ^ o u u .^ .
*
5s Julv 1 $30 000
July 1,1910
éÎS eyct to can after 1895
F unding B onds—
5 b, Juiy lT $22,000....July 1,1895 I Bonded debt Sep.30,’94. - -$69,000
1,589
Assessment less than 1-5 act. value
, PopUiation in 1890 was........ 1,093
Population in 1889 'was. . — L^OO
|Population in 1894 (est.)- .1 , 5 0 0
N E W LOANS.
N E W LOANS.
N E W LOANS.
$ 352,500
BO N D S.
NO DEFAULT OF
PRINCIPAL OR INTEREST
Oitv of New Orleans Bonds.
T. W OLFE, Jr.,
Secretary.
R. M. W ALM SLEY,
President.
OFFICE
Board of Liquidation,
City Debt,
ROOM 5, CITY HALL,
)
Ne w Or l e a n s , April 3,1895.5
The Board o f Liquidation or the City Debt o f the
City o f New Orleans hereby invite Proposals for the
Durchase fo r cash o f three hundred and flfty-two
thousand five hundred ($852,500) dollars, or any
part thereof, o f the Constitutional Bonds o f the
City o f New Orleans, to be issued under the Consti
tutional Am endm ent and A ct o f the Legislature o f
the State o f Louisiana, No. 110, o f 1890, approved
July 8th, 1890, payable fifty years after date, bear
ing Four Per Cent Interest per annum, represented
by coupons maturing first o f January and first o f
July, payable in New York and New Orleans.
All accepted proposals to purchase bonds under
this advertisement must be com pleted at the office
o f the Board o f Liquidation o f the City Debt on the
fifteenth o f May, 1895, by the payment in cash o f
the price hid and the delivery o f the bonds.
The Board reserve the right to reject any and all
^ sealed proposals will he received till Tuesday, the
seventh o f May, 1895, at the banking house o f
W inslow, Lanier & Co., No. 17 Nassau Street, New
York, or at the office o f the Board o f Liquidation
o f the City Debt, B oom 5, City Hall, New Orleans.
B . M. W ALM SLEY, President.
T. W OLFE, Jr., Secretary.
M U N IC IP A L
B O N D S.
4s
7s
D e tr o it, M ic h .,
C h icago, 111.,
*
4:8
Taunton, Mass.,
Ohio,
-
:
4 4 W A L L STREET,
NEW Y O R K
Tames N . Brown & Co.
BANKERS,
6 2 Cedar Street, j - __ NEW Y O R K
MUNICIPAL, COUNTY, SCHOOL AND
TOWNSHIP BONDS
gO .U Q H T
AIN P
SQLO-
M U N IC IP A L
BONDS.
NO IN COM E TA X .
trustees, hanks and savings hanks. More than
C o m p le te L is t o n A p p lic a t io n .
FIFTY CLASSES OF BONDS
COBBESPONDENCE SOLICITED.
have been sold by us in the last three years.
Send for our list of bonds and make use of onr
experience.
w.
T.
BOSTON.
Hayes & Sons,
CLEVELAND, OHIO.
j|»50,000 County of Silver Bow, Mont.,
Funding 5s.
Maturing July 1,1913. Optional after July 1,1907,
Principal and interest (January and July)
at the County Treasurer’s Office, Butte, or we will
collect and rem it free o f charge. Denom n, $1,000.
Statistics •
man 9AO RQO
Assessed va luation.................................. . qa’aoo’ ooo
Real valuation. .. ... ... ... •••••••••*-:bv ¡¿i* 30,000,000
Total debt (including this issue). $135,000
Less sinking fu n d .......................... .....i 7>
f
. . ...
$77,281
Net d e b t,•••••• •••••••••* * aaa
Population, 20,000.
Silver Bow County, the largest and one o f the
richest counties in kontana, is situated in the
southwestern part o f the S ta te., ?noo®h aviric six
HA«t, is a thriving city o f le.ooo, naving six
hanks and a large and varied mercantile interest.
Four railroads traverse the county.
PRICE, 102^ AND INTEREST. ’ PA YS
P- C.
Farson, Leach & Co.,
NEW YO R K
2 W all St.
CHICAGO.
Street, Wykes & C o.,
has ever occurred in a security sold by this
Company.
5s
5s
5s
5s
5s
6s
5s
The securities offered by this
6s selected with great care, and are first-class
6s investments for individual buyers, legatees,
S a n d u sk y , O hio,
N e w a rk ,
M u sk in g u m C ounty, O hio,
C h eboygan, M ic h .,
•
B e r r ie n C o u n ty, M ich .,
F lo r e n c e , A la .,
P o r tla n d . O re.,
Y a lle jo , C a l.,
*
S u p e rio r, W is ., S t. R y .
BONDS.
$125,000 Town of Greenwich
Conn., 10-20-Year 4s.
Legal fo r Savings Banks and Trustees
in Connecticut.
Price and Particulars upon Application to
W h a n n & S c h l e s in g e r
BANKERS,
if Wall street* New York,
German-American
Investment Co.,
52 W A L L BT„ NEW Y O R K .
BONDS.
(EXEMPT FROM INCOME TAX.)
Des Moines............6s
Y oungstown......... 6s
Superior............. ...6s
Greene Co., Ind.4%s
Bexar Co., T ex... .6s
Madison Co., Ala..5s
Wore’ ter Co., Md.,5s
Brooklyn................ 5s
Cleveland...............6s
St. Louis................. 6s
Chicago................. -Vs
Pittsburg............. 4Ms
D enver.................. 6s
Topeka....................5s
Price, description and list o f other securities
on application.
C. H. WHITE & CO.,
72 B R O A D W A Y,
-
-
NEW Y O R K ,
W . N . Coler & C o.,
BAS HUBS.
M U N IC IP A L BONDS.
34 NASSAU STREET.
810
THE CHRONICLE
Belleville, 111.—This city is in St. Clair County.
Interest payable at Belleville.
I l l in o is & S t . L . R R . & C. C o .— Total debt Mar. 1,1895.. $124,000
8s, Aug. 6 .825,000... .Dec. 1,1889 Tax valuation, rea l........ 1,619,229
Tax valuation, personal. 479,400
R e f u n d in g B o n d s —
4s, M&S, $84,000.......Sept. 2,1909 Total valuation 1894— 2,098,629
Subject to call after Sept. 2,1899 Assessment is *4 actual value.
4s, J&J, 40,000.......Jan. 1,1910 Total tax (per $1,000)........$53'50
Subject to call after Jan. 1,1900 Population in 1890 was...... 15,361
T A X FREE. —All of the bonds issued by this city are exempt from
taxation.
LOANS.—
When Due.
Bement, 111.—This towrshipis in Piatt County.
described are registered with the State Auditor.
The bonds
LO A N S--
When Due. B o n d e d d e b t Sept. 3 0 ,’94..$48,000
F u n d in g B o n d s —
P o p u la tio n in 1890 w a s ....
6s, July 1, $47,000__ July 1,1893 Population in 1880 was..
R a il r o a d A id B onds—
[V o l . LX
INTEREST on Court House bonds is payable in Olympia and upon
the others in Chicago.
TAX FREE.—AH the above bonds are exempt from taxation.
Champaign, 111.—This township is in Champaign County.
The bonds described are registered with the State Auditor.
LO ANS-
When Due.
F u n d in g B o n d s -
R a il r o a d A id B on ds—
108, Dec. 1, $3,000—
past due
Bonded debt Sept. 30, ’94. .$86,500
Population in 1890 was........ 6,619
58, J&J, $53,500........ July 1,1913
Subject to call.
5s, Jan. 1, $33,000___Jan. 1,1909
(Subject to call after Jan. 1,1904)
IN T E R E S T is payable by the State Treasurer, Springfield.
Crawford County, 111.—County seat is Robinson.
bonds are all registered with the County Auditor.
The
•— Interest.— . •--------- Principal,-------- P. Ot. Payable. When Due. Oulstand’g.
................. 6
Jan. 1 Jan. 1, 1902 $100,000
IN T E R E S T is payable at State Treasury, Springfield.
T O T A L B O N D E D D E B T Sept. 30,1894, was $100,000.
A S S E S S E D V A L U A T IO N in 1892 was $1,915,401; in 1891 the
real estate was $1,266,025; personal property, $399,082; total, $1,665,107. Total tax rate (per $1,000) in 1891, $5-80, including State
tax, $3-30 and county tax, $5-50. Property is assessed at *3 of its
actual value.
P O P U L A T IO N in 1890 was 17,283; in 1880 was 16.197.
LO A N S—
NAME and purpose .
Refunding
10s, July 1, $1,000.......... Past due.
IN T E R E S T is payable by the State Treasurer, Springfield.
Cherokee, K » n . —S. B. Pritchard, Mayor. Following is a
statement of the finances of Cherokee in April, 1805, as spe.
dally reported to the Chronicle .
LO A N S—
When Due. Total valuation 1894.......$100,000
Assessment about actual value.
W a t e r -W o r k s B o n d s 58, J&J, $15,000 . . . . ; ............. 1905 Total tax (per $1,000).........$4,000
Population in 1890 was........
($1,500 due yearly) until 1914.
Total debt Apr. 26,1895..$15,000 Population in 1895 (est.).......1,400
Chicopee, Mass.—W . M. E. Mellen, Mayor. This statement
has been revised, and the details of the several issues of bonds
Clarke County, Wash.—This is a statement of the finances listed by means of the annual official report of the city.
of Clarke County on June 30, 1894, as reported by S. Good
Chicopee is in Hampden County and was incorporated a
night, County Auditor.
city in 1890.
County seat is Vancouver.
LO A N S—
When Due. 3%s, F&A, $10,000.. .Aug. 9,1902
3*28, J&D, 51,500...June 1,1902
3^8, J&D. 7,0 00 ...Dec. 1,1895
($1,000 yearly) to Deo. 1,1901
Ci t y N o t e s —
4*28, M&S, $29,500.Sept. 1, ’95-’04 Net debt Mar. 1,1895.... $484,550
4*28, J&D,
2,000...Dec. 1,1903 Water debt (included).... 281,000
Tax valuation, real........ 5,625,320
4*28, ....... ,
550...On demand.
4s, F&A, 20,000...Aug.29,1900 Tax valuation, personal. 2,318,100
4s, J&D, 23,500...June 1,1902 Total valuation 1894___7,943,420
4s, M&N, 6.500...NOV.18,1902 Taxrate(per $l,000)in 1894.$13-80
P O P U L A T IO N .— Population in 1890 was 14,050; in 1880 was
11,286; in 1870 was 9,607; present population estimated as 17,000.
B r id g e L o a n -
L O A N S .-
Co u r t
When Due.
h o u se bo nd s—
6s, May 15, $45,000..May 15,1911
Subject to call after 10 years.
F u n d in g B o n d s —
6s, J&D, $27,000........ Dec. 1,1909
Subject to call after 10 years.
Bonded debt June 30,’94. $85,000
68,382
Floating debt...................
Total debt June 30, ’94.. 153,382
Sinking fund....................
$9,015
Net debt............................ 144,367
4,253,850
Tax valuation, real........
Tax valuation, personal. 542,940
Tax valuation, railroads.
31,600
Assessment about
actual value.
Average tax (per $1,000).. .$22,57
Total valuation 1894....... 4,828,390
Population in 1890 was.......11,709
Population in 1880 was....... 5,490
FINANCIAL.
48, J&D, $53,000.......June 1,1904
N E W LOANS.
CHICAGO.
Loeb
M U N IC IP A L
BONDS
FOR INVESTMENT.
D ETAILS ON REQUEST.
N. W. HARRIS & CO.,
A R T IC U L A R «
UPON A P P L I C A T I O N .
BANKERS,
15 W A L L STREET,
-
NEW YO R K .
W . J. Hayes & Sons,
MBMBL 18 OF THE NEW TORE AND BOSTON
STOCK EXCHANGES.
DEALERS IN COMMERCIAL PAPER.
BAN KERS,
3«
5
«T A T E
S T R E E T . BOSTON.
N ASSAU
S T ., N E W
YORK.
Dealers in M U N ICIP A L BON D S,
Street Railway Bonds, and other high grade in
vestments
BOSTON, MASS.,
C le v e la n d , O h io,
Exchange Place.
3 1 1 - 3 1 3 S u p e r io r S t.
P r in c ip a l a n d I n t e r e s t p a y a b le ln ’ G o ld .
CORRESPONDENCE SOLICITED.
A. o . SLAUGHTER, Member N. Y. Stock Exchange
WM. Y. BAKER, Member Chicago Stook Exchange
A . O. Slaughter & C o.,
RAN KERS,
C H IC A G O , IL L S .
C h ic a g o S e c u r itie s B o u g h t a n d S o ld .
BONDS
YIELDING AN INCOME
4%
TO
6%
BONDS
C ITY , M ASON, LEW IS * C O ., Bankers
C O U N TY
171 LA SALLE 8TREET,
SCHOOL s e n d f o r l is t s .
CHICAGO
NEW Y O R K , B R O O K LY N AND JE R
SEY C IT Y B O NDS A S P E C IA L T Y .
A . G. Becker & C o.,
W. E. R. SMITH,
UNCOBPORA’rXD)
GEORGIA MORTGAGE LOANS.
C O M M E R C I A L PAPER
M U N IC IP A L
AND
R A IL R O A D
A n d a l l L o c a l S e c u r itie s B o u g h t a n d S o ld .
16 B R O A D S T R E E T .
County and City Bonds
Gatzert,
1 1 5 -1 1 7 L A S A L L E S T R E E T ,
CbihUAddress. “ KENNETH.”
Blake Brothers & Co*,
&
B o sto n , 30 -year - - - - 4s
C h icago, 20 -y ea r
4s
M ilw a u k e e , 10-year - 5s
MORTGAGE BANKERS,
G lens F a lls, N. Y „ 15 1*2*year - 4s
Chester, P a ., School
- 4s 1 2 5 L A S A L L E S T R E E T , C H I C A G O
N ew ton , M a ss., 20-y ea r
.
- 4s
Salem , M a ss., 13-year
• 4s
First Mortgages for sale in large and small amount«
S p r in g fie ld , O ., B . E ., 8-year - 5 s netting investors 6,5% and 6 per cent, secured by
M en om in ee, M ic h ., 20 -y ea r - 5s Improved and income-bearing Chicago city property.
-
NEW Y O R K .
SOUTHERN LOAN AND TRUST COMPANY OF
EXEMPT FROM INCOME TAX
154 La Salle St., Chicago, 111.
MACON, GA.
b y late decision of tbe Supreme Court of the
J. 8. SCHOFIELD, Pres.
H. M. SMITH, Sea
United States.
F. O. SCHOFIELD, Treasurer.
Our complete faculties afford the choicest
selections in
Tbis company makes a specialty of handling a 11mS T O C K S —B O N D S ,
Ited amount o f the best five-year mortgage loans
afforded by tbis community. Doing only a small Members New York and Chicago Stock Exchange«
business in tbis line, we can select the best. Loans
offering the lowest debt rate together with the secured by business property net tbe investor six
187 DEARBO RN STREET.
per cent, residence, seven per cent. Principal and
largest population obtainable.
interest payable at tbe Merchants’ Exchange Na
C h ic a g o , I lia .
Correspondence respectfuUy Invited.
tional Bank, New York. Correspondence solicited.
Jamieson & C o.,
MUNICIPAL SECURITIES
Rudolph Kleybolte & Co., M O R T G A G E L O A N S
IN V E S T M E N T B A N K E R S ,
C IN C IN N A T I, O.
AU G U STU S FLOYD,
DEALER IN
INVESTMENT
SECURITIES,
3 2 P IN E S T R E E T , N E W Y O R K .
STREET RAILW AY BONDS BOUGHT,and SOLD.
Private wire to New York and Philadelphia.
IN
ALL N. Y. CITY STREET RAILROAD
TEXAS.
A n d o t h e r In v e stm e n t S e c u r itie s d e a lt in by
7 P e r C ent a n d 8 P e r C ent Net*
NO COMMISSIONS oharged borrower or lender
until loans have proven good.
F R A N C IS S M I T H & CO.,
8 A N :A N T 0 N I Q . T E X A S ?
R . J. Jacobs & Co.,
41 N E W S T R E E T ,
NEW YORK
MEMBERS N. Y. STOCK EXCHANGE.
Order« in Stock« and Bonds executed for Cash or
08 M*rgifl,
811
THE CHRONICLE.
Ma y ’ 4, 1895.]
Spokane, Wash.—The following statement has been cor
rected by means of an official report to the Finance Com
Bonded’debt’8ept. 3Ó/94. $24,000
M onticello RK. B ondsdebt (add’l) ...
39,000 mittee of the city of Spokane.
88, July 1, $4,000.. .Sept. 25,1893 Township
T a x valuation 1892---- ..2,433,774
This city is situated in Spokane County.
refunding B onds68, J&D, $20,000.......June 1,1899 Population 1890 was........... 16,841
LOANS—
When Due. Outstanding warrants. $264,508
Total debt Jan. 1,1895. 1,584,508
Decatur, 111.—Decatur is the capital of Macon County.
LOANSTFAen Due. |5a,J&J,. 25,000. -„»July t^ Q p i09
Township B onds68, J&J, $14,000..........Oet. 1,1889
Danville, III.—This town is in Vermillion County. The
funding bonds below are registered with the State Auditor.
LOANS__
When Due. I Total debt Dec., 1894... $66,000
F unding B onds—
12;
„ „J i l
l;
Tax valuation 1 8 9 4 .... 1,903,000
Su i 491
'bPSI IS S & S S
Medford, O reg on .-G . H. Haskins, Mayor. This is a state
ment of the finances of Medford in April, 1895, as reported to
the C h r o n ic l e by B. S. Webb, Recorder.
Medford is in Jackson County.
$32,000
I DANS—
When Due. Tnt.al
Tax valuation 1894....... 300,000
Water B onds.
Assessment
about
2
k actual value.
7s, J&J, $20,000.......Sept. 1,1900 Total tax (per $1,000).......... $fO'O0
Interest payable in New York.
Population 1890 was..............1,196
Bonded debtMar. 1,1895 $20,000 Population
1894■,-(e. st.)........
.2,200
Floating debt..................
12,000
_
.
ppj££_—xhe city’ s bonds are all exempt irom taxation.
F unding B onds—
6s, A&O, $700,0 0 0 ....Oct. 1,1911 Tax valuation 1894.......16,000,000
Real value (estimated).42,000,000
Water B onds68............$70,000........1896 & 1909 Value of water-works.. 1,000,000
6s A&O, 500,000 .. . .Oct. 1,1911 City tax (per $1,000)......... $10‘50
5s, ........ 50,000 ....Sept. 1,1914 Population in 1890 was--- 19,922
Bonded debt Jan. 1, ’95.$1,320,000 Population in 1892 (est.)...30,000
INTEREST and principal of the bonds of Spokane are payable in
gold at the office of the N. Y. Guaranty & Indemnity Company.
Sutter County, Cal.—A statement of the finances of Sutter
County on June 30,1894, is as follows :
$313,017
LOANS—
When Due. Tax valuation, railr’s... 8,980,120
ROAD B O N D S -
6s, J&J, $11,000..................... 1903
Bonded debt June 3 0 ,’ 94.$11,000
Tax valuation, real ...$7,855,303
Tax valuation, personal 811,800
Total valuation, 1894..
$4 93
State tax (per $1,000)..
8 07
County tax (per $1,000)
-P
-Populationiu 1890 was.........5,469
Population in 1880 was-----..5,159
Warren, Mass.—This statement has been corrected by
means of an official report of Treasurer 0. B. Blair for the
year ending March 1, 1895.
This town is in Worcester County.
$33,258
When Due. Total debt Mar. 1,1895.
LOANS- „
Tax valuation, real....... 2,120,125
Oswego, Kan.—J. B. Montgomery, Mayor. The following
statement has been corrected by means of a special report
to the C h r o n ic l e from City Clerk J. W . Minturn.
F ire E ngine B onds *
Tax valuation, personal 568,465
This city and township are in Labette County. The city is 4 s , ........ $7,200 Feb. 1 /9 6 to ’03 Total
valuation 1894,.. 2,688,590
B onds—
liable for 66% per cent of the amount of the Township Fund 4s.F unding
Total
tax (per $1,000)..
14*80
..., $5,000...May 1 ,’9 5 t o ’99
4,681
ing Bonds described below. Township
4 s’ ........ 2,500.. .Mar.1/96, t o ’00 Population in 1890 was
Population
in
1880
was
3,889
the amount of $78,000 were pronounced null and void by the
School H ouse—
4 s ,........ $9,680............On demand
United States District Court in 1893
city debt Apr. 20,’95.$98,000
Yolo County, Cal.— A statement of the financial condition
LOANS—
When Due. Total
Township debt Apr. 20/95. 34,000
City F unding B onds—
School
district debt..........
8,000 of Y olo County on June 30, 1894, is as follows :
6 s ,.......,$30,000...................... 1905
Interest is paid in New York.
T ownship F unding B ondsLOANS—
When Due ■Taxvaluat’n, personal. $1,858,258
Tax valuation, real...........$157,511
68, J&J, $30,000....... .......1 9 0 7
6s, J&J,
46,000..... Aug. 1,1907
6s, J&J,
20,000..... Jan. 1,1908
6s, J&J,
6,000..... Aug. 1,1910
School B onds—
6 s ,.......,$8,000.............................. «-
Tax valuation, personal.. 94,812
Total valuation’94 (city). 252,313
Assessment about *3 actual value.
Total tax (per $1,000).........$42-00
Population in 1890 was.........2,574
Population in 1895 (est.)....... 2,511
M IS C E L L A N E O U S .
SECURE BANK VAULTS.
GENUINE
WELDED CHROME STEEL AND IRON
R ound and Flat Bars and 5-ply Plates and Angles
FOR SAFES, V AU LTS, &C.
fiamifti be Sawed, Cut or Drilled, and positively
Burglar-Proof.
CHROM E
STEEL
W ORKS,
Kent Ave., Keap & H ooper Sts.,
Sole Man’f ’ers In the U. S. B R O O K L Y N . N . V .
(The Globe Filing System
is th e m ost perfect
e v e r d evised fo r the
S ystem atic Filing of Papers
Illustrated catalogue-free.
T H E G L O B E C O ., Cincinnati.
4» B ea v er S t . , N . Y . y
WM. FRANKLIN H A L L
BOOKS
A000M TM T
Settlement of Insolvent Estates.
418 Exchange Building, 6 8 'S ta te Street. Bostoi
Jos. O. Osgood,
M. A m . Soc. C. E.
C o n s u ltin g E n g in e e r .
Reports on Investm ent Properties fo r Bankers
and Investors.
,
, i
'l A
Exam inations in regard to physical condition and
character, earnings, management, needs, value, eta
R a i l r o a d L o c a t io n a n d C o n s tr u c tio n .
■ -
N EW YOR K
A . E. Hachfield,
INVESTMENT
185«.
HAVEN & S T O U T ,
1895.
IN T H E C I T Y O F N E W Y O R K .
This old and reliable Company now has the exper
ience o f forty-five years o f practical L ife Insurance,
which has taught it that the sine qua non o f success
is the adoption o f good plans o f insurance, and the
pursuit or a liberal policy towards both its Insured
and its Agents. These essentials it possesses in an
eminent degree, but judiciously tempered by that
conservatism which is the best possible safeguard o i
the policy-holder. Its contracts are incontestable
after two years. They are non-forfeiting, providing
generally fo r either paid-up Policy or extended in
surance, at the option o f the policy-holder. It gives
ten days o f grace in paym ent o f all premiums. Its
course during th e past forty-five years abundantly
demonstrates its absolute security.
A ctive and successful A gents, w ishing to rep l
resent this Company, m a y com m unicate
w ith the President at the H om e Office,
2 6 1 Broadw ay, New Torh.
OFFICERS:
G E O R G E H . B U R F O R D .................P r e s i d e n t
c ! P /F B A L E IG H .........................v . . . . . . . . . . Secretory
A . W H E E L W R IG H T ................. Assistant Secretary
W M . T. S T A N D E N ........................................... A ^ W J
B AN K ER S AND B R O K ER S,
•i E x c h a n g e C o u r t ,
*
NEW YO RK *
B u y a n d S e ll R a i l r o a d S t o c k s a n d B o n d s
on M a r g in o r f o r C a sh a t l-1 6 t h
p e r c e n t C o m m is s io n ,
Members o f the Consolidated Exchange
H O L M E S & C O .,
61
BROADW AY,
NEW Y O R K .
BAN KERS AND B A K E R S .
Members o f the N. Y. Sfl^k Exchange.
Investment Stocks & Bonds,Grain,Cotton,
and all securities that are dealt In on the
New York. Chicago, Philadelphia or
B oston Stock Exchanges, bought
and sold fo r cash or car*
ried on margin.
Branch Office: 35 Congress Street, Boston, M ass.
T R U S T COMPANY STOCKS
New York City and Brooklyn.
FINANCE COMMITTEE:
GEO. G. W ILLIAM S...............Pres. Chem. Nat. 5 gnk
JOHN J TU CK BR ...............................................Builder
E. H . PERKINS, JR,, Pres. Imp. & Traders’ Nat. B’k
JAMBS R . P L U M ........................
Leather
BOUGHT AND
CLINTON
6 W ALL
SOLD
GILBERT,
STREET,
-
NEW
YORK
SECURITIES
The Mutual Benefit
SEARS & W H I T E
Successors to
L I F E I N S U R A N C E C O ., N E W A R K , N . J
EUGENE R . COLE,
a m z t DODD, President.
S T A T IO N E B S A N D P R IN T E R S .
Assets (Market Values) Jan. 1,1896.......855,864,388
Supply Banks, Bankers, Stook Brokers and Cor»
Liabilities (N. Y .a n d Mass. S tandard).... 51,813,863
Surplus*
........
ojOWiOuD porations with oom plete outfits o f A ccoun t Books
and Stationery.
Surplus, by form er N. Y . Standard, (Am .
GF~New oonoerns organising will have thei
E x. 4*4 per cent R eserve).......................... 6,728,887
POLICIES ABSOLUTELY NON-FORf e it a b l k a f t e r orders prom ptly executed.
SECOND YEAR.
W o. 1 W I L L I A M S T R E E T .
In Case o f Lapse the Policy is c o n tin u ed in force
as long as its value will pay fo r ; or if preferred, a
Paid-up policy fo r Its full value is issued in exchange
A fter the second year Policies are in c on test
a b l e , and aU restrictions as to residence, travel or
CHRONICLE VOLUM ES
occupation are removed.
Ca s h l o a n s are made to the extent o f 60 per cent
o f the reserve value, where valid assignments o f
the policies can he made as collateral security.
L osses paid immediately upon com pletion and
approval o f proofs.
SINCE 1866.
A n y office possessing these volumes since 1868 has
at hand fo r convenient reference a com plete and
reliable financial history o f the period.
1 P in e S tree t, N e w Y o r K .
Given & Sicard,
g PBCIALTIES : Railroad Bonds and Stacks. Quota
tlons furnished on application and correr
pondence solicited.
W A N T E D : Memphis & Charleston R R . Bonds.
Central R R . & Banking Co . o f Georgi»,
bonds. Toledo A nn A rbor & N orth Michigan
aU underlying issues.
Mechanical and Civil Engineers.
M IS C E L L A N E O U S .
M IS C E LLA N E O U S .
The United States Life
Insurance Co.
Tax valuation, railr’s. 1,009,166
Total valuation 1894.. 20,016,422
State tax (per $1,000)............ $4*93
County tax (per $1,000)........ 5*07
Population in 1890 was...... 12,684
Population in 1880 was...... 11,772
A U D IT E D
New form s designed fo r books o f account.
120 B R O A D W A Y ,
School B onds —
7s, ann., $17,400.......... 1900-1901
$6,617
Floating debt................
Total debt June 30, ’94
24,017
Casb on hand................
47,735
Tax valuation, real---- 17,148,998
General Engineering. Drawings. Patents. Specifica
tions. Engine Tests. Plans and Reports,
Supervision o f Construction.
9 3 8 ICHESTNUT ST»* PHILADELPHIA,
Parties
having the m ore recent volum es can obtain from
the publishers m ost o f the earlier volumes, or oom
plete sets can he furnished.
W M. B. DANA C O M P A N Y ,
76*8 Pine Street, New York.
,tVoi»' L i .
T H E f CHRONICLE.
X
®otlou.
ffit vxuci&X.
© a ttir o .
Walter T. Hatch,
H enry Prescott Hatch,
WOODW ARD
A rthu r M elvin Hatch
Members o f N. Y. Stock and Produoe Exchanges,
& S T IL L M A N , I N M A N , S W A N N & Co
W . T . Hatch & Sons,
96 Broadway & 6 W all St., New York,
COTTON MERCHANTS,
MERCHANTS
16 to 22 W IL L IA M
NEW
STREET,
N ew Y o rk .
YORK.
Dealers in investment stooks and bonds.
Personal attention given at the N. Y. Stock E x.
change for the purchase and sale on commission o f
stocks and bonds for cash or on margin.
Interest [allowed on deposits, subject to draft st
sight.
0 >TTON OP A lili GRADES SUIT AR LE TO
W ANTS OF AM ERICAN SPINNERS.
LEHMAN, STERN & Co., Limited, New Orleans, La.
L ëhman -Du r r Co ., Montgomery, Ala.
LEHMAN
BROS.,
C O M M ISSIO N M E R C H A N T S ,
Nos. 16-22 William Street,
NEW Y O R K .
Henry Hentz & C o.,
COM M ISSION
M ER CH AN TS,
1 6 to 2 2 W illia m S t.. N ew Y o r k .
F.
H.
EXECUTE ORDERS FOR FUTURE DELIVERY
Co.f
BANKERS
COTTONy
At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for
Prince &
BOSTON,
MASS.
COFFEE,
m e m b e r s o p t h e stock, cotto n , cof
f e e AND PRODUCE EXCHANGES,
n e w YORK.
G R A IN AND PR OVISIO NS,
Orders executed on the above Exchanges as well
as in New Orleans, Chicago and foreign markets.
A t the New York Produce Exchange
and the Chicago Board of Trade.
Hubbard Bros. & C o.,
Hopkins, Dwight & C o.,
At the New York Coffee Exchange, and
HI GH BRAHE I NVES TMENT S
Members o f New York and B oston Stock Exchange •
COFFEE EXCHANGE BUILDING,
NEW
C O T T O N , C O T T O N S E E D O IL
AND
SOUTHERN PRODUCE
YORK.
Cotton Commission Merchants.
Members New Y ork Stock Exchange, New York
Cotton Exchange, New York Produce Exchange,
New York Coffee Exchange, Chicago Boai d o f Trade.
Orders executed on the Exchange also fo r pur
chase and sale o f cotton fo r future delivery in New
Orleans and Liverpool. Liberal advances m ade.on
Cotton 00 isignments.
P R I C E , R E I D As C O .,
N o r fo lk , V a .
S ed a l attention given to orders for cotton for
foreign or dom estic shipment.
t, o. Bloss.
Gso. H. Church ,
] . O . BLOSS & C O .,
COTTON
Strsst,
NEW Y O R K .
Geo. H. McFadden & Bro.
M ERCH ANTS,
F r e d e r ic Z e r e g a & Co.
c o r r e sp o n d e n t s
M cF a d d e n . Z e r e g a Sc Co.
M. T. MAINE.
WM. BAY.
B. F. EVANS, Spools
Geo. Copeland & C o.,
COTTON B R O K E R S ,
1 » » P e a r l S tr e e t,
N ow Y ork
Cotton landed at mills from Southern markets a
specialty. Orders for future delivery .contract!
axaeated on New York Cotton Exchange.
Pa u l So h w a r e .
8. A. P atman , Special.
Fatman & Schwarz,
C O T T O N C O M M IS S IO N M E R C H A N T S .
1 W illia m S tr e e t . N e w Y o r k .
Members New York Cotton, Coffee and Produce
Exchanges.
q io .
W. B a l l y .
J. A. M o n t g o m e r y
Geo. W . Baily & C o.,
COMMISSION MERCHANTS,
COTTON AND NAVAL STORES.
C o tto n E x ch a n g e B ld g .
NEW Y O R K .
Execute Orders for Future Delivery o f Cotton.
Correspondence invited.
COTTON
AND
CRAIN
FOB FUTURE DELIVERY.
Frederick Paxson & C o.,
STOCK B R O K E R S,
DREXEL BUILDING, PHILADELPHIA.
Private wires to New York Stock mid Cotton
I s e liit N and Chicago Board o l Trade.
Luoiu. Hopkins Smith.
Samuel Hopkins.
T hro . h . P rior,
R. G. m . Stuart -W ortlrt .
W. G. McCormick .
Price, McCormick & Co.
BANKERS AND BROKERS,
No. 7 2 B roa dw a y. New Y o rk .
Members: New York Stock Exchange,
New York Cotton Exchange.
New York Produce Exchange.
Chicago Board o f Trade.
J. Spencer Turner,
SUCCESSOR TO
B r ln c k e r h o ff, T u r n e r & C o.,
L iv s b p o o l Co r r e spo n d e n ts
Bremen
Gustavo. 0. Hopkins,
Charles D. Miller,
J
W P H IL A D E L P H IA .
MERCHANTS
R o o m 5 2 , C etten E x ch a g e B u ild in g .
NEW YORK.
M E R C H A N T,
as william
COTTON
COMMISSION
MANUFACTURER AND DEALER IN
O O T T O N SAIL DUCK
AND ALT, KINDS OP
COTTON CANVAS FELTING DUCK.
CAR COVERING BAGGING.
RAVENS DUCK, SAIL TWINE, AC.,
POPE “ AWNING” STRIPES
AGRNT
UNITED S T A T E S BU N TIN G CO.
A full supply all Widths and Colors, always in
itoek.
109 Duane Street, New Y o rk .
Bliss,j Fabyan & Co.,
N E W Y O R K . B O S T O N ,F H IL A D E L F B 1 A .
Belling
agents for
L eading B rands
B R O W N and B L E A C H E D S H IR T IN G S
and SH E E T IN G S,
PRINTS, DENIMS, TICKS, DUCKS, AO.
Vowels. Quilts, W h ite Gooda and Hosiery.
Drills, Sheetings, die,, for Export Trade.
R ichard P rior Morgan .
Edw ard R. Morgan .
Dw ight C. Morgan .
Rich. P. Morgan & Sons,
R A IL W A Y EXPERTS
D W I G H T . IL L IN O IS , U. S . A .
Having extended experience In the construction
and operation o f railways, we offer our services as
Independent ex p e r ts to examine and report
upon the charater and Condition o r the Constbution and E quipment of R a il w a y s and also
their Sa fe Net Earning Ca p a c ity . W e have
recently examined for capitalists and reported
separately upon nearly all o f the principal railroads
west of Chicago between Canada and Mexico.
Gilman, Son & C o.,
BANKERS,
No. 62 C E D A R S T R E E T ,
In addition to a General Banking Business, Buy
and Sell Governm ent Bonds and Investm ent Se
curities.
A. S. Van Wickle,
BANKER,
No. i BROADWAY, NEW YORK,
INVESTMENT SECURITIES.
Hatch & Foote,
B AN KERS,
No. 3 NASSAU STREET, NEW YORK.
INVESTMENT SECURITIES.
Fifth Avenue Hotel,
M adison Square, New Y ork .
T he largest, best appointed and m ost liberally
managed hotel in the oity, with the m ost oentm
and delightful location.
HITCHCOCK DARLING * CO.
John 0.
F.
Randolph, E. M.,
(Sohool of Mines Graduate, 1869.)
Consulting Mining Engineer,
15 B R O A D S T R E E T , N EW Y O R K .
Ca b l e A d d r e ss , RHOSGOG, N e w Y o r k .
CHAS. M. ROLKER, E. M.
Minin«* Engineer and Metallurgist,ID
2 0 NASSAU STREET,
-
NEW YORK
Inspects and reports on mines, mills and
treatment ot ores. I
R efers, with permission t o :
Messrs. J . A W . SELIGMAN A CO., N.¥
Hon. AB R AM S. H E W IT T , N. Y .
A . EILERS, Pres’ t. Col. Smelting Ce
Pueblo, Col.
THE B R IT IS H SOUTH AFRICA CO.,
19 St. Swithins Lane, London, XL 0 .
BARON EMILE B. D’ ERLANGER,
A8 Lothbury, London, XL C.
ALFRED BEIT, Esq.,
Of MXI8SBS. WHRNHHB, BEIT A 0 0 *
1X0 Bishopsgate Street, Within, London, XL C .
@FedFRASER