Full text of Commercial and Financial Chronicle : May 5, 1894, Vol. 58, No. 1506

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R E P R E S E N T IN G T H E

IN D U S T R IA L A N D C O M M E R C IA L IN T E R E S T S O F T H E

STATES

U N IT E D

JEnter*,!, teeardlng to Act of Con,-re*., In the year 1894, by Wn. B. Dana * Co.. In the office of the Librarian of Congress, Washington, D . O.

SATURDAY, MAY 5, 1894.

VOL. 5 a

The week's total for all cities shows a loss of 22-3 p.o. from ’98,

T h e (T h ron id c.

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In* a4pr« 38.
! ?r«A End'g April II.
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(-2SO
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CORNER OF PEABi. STREET AND FINE STREET. N. Y.

C L E A R IN G

NO. 1506.

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THE CHRONICLE.

750

[V ol. LVIII,

found, through the defeat and punishment ot attempts to
steal railroad trains, that they could walk but not ride,
STATE AND CITY D E f A?*T1vrEflT. and having learned by that incident and also by Coxey’s
S ee p a g e s 7 8 6 , 7 8 7 , 788 a n d 7 8 9 for our State fiasco in Washington that all men in the United States
are living under laws which must be obeyed by them
and City Department.
All advertisements with relation to State and City Bonds' equally whether acting in mas3 or as individuals,
the movement has suddenly ceased to grow and
will likewise be found on the same and following pages.
has dropped its aggressive spirit. The contingent of
fifty-six and a captain that came by boat to
THE FINANCIAL SITUATION.
New York from New Haven forgot to get a per­
In what relates to the labor situation there has been mit to march, and had to furl their flags and
a turn for the better this week. One change has been straggle up the Bowery to Tenth Street. As for the
the settl ment of the Great Northern Railroad strike. advanced guard, already in Washington, it is finding
This it is stated was accomplished by ' ‘adjudication of life so difficult and burdensome because the surround­
the claims of the employes,” “ the court being a joint ings are so unhealthy where they are encamped that
committee of the representatives of leading business there is very little encouragement for new comers. As
organizations.” The press report further says that the we said last week, the climax was reached when a body
Tesult was “ that the strikers gaine I nineteen-twentieths of the army stole a Northern Pacific train and frit the
of the points ” they had contended for. If that cor­ force of violated law. Perhaps, also, this tramp move­
rectly represents the outcome, it will have to be left to ment may be a benefit in disclosing the true character of
future developments to determine whether the settle­ the Populist leaders. The Secretary of State of Kansas
ment was a wise one. It would seem that either re­ has made such a blood-thirsty declaration about the re­
sisting for three weeks the claims made and the suffer­ sults of an uprising of the people shortly to occur that
ing of injury and loss during that time to the road and he can retain only the very ignorant and the utterly vic­
its equipment was needless, or else yielding to the ious as followers.
There has been in session at the Mansion House,
claims now is unfortunate. However that may be, it
is satisfactory to be informed that “ the bridges burned London, this week, what is called an international bi­
in Montana and North Dakota are being reconstructed,” metallic conference. A large number of representa­
“ the road from St. Paul to Seattle is being cleared of tives of British and foreign financiers have been in
obstructions,” and by the close of this week “ the road attendance and our leading Senators have sent a cable
will be again in running order.” Moreover, the settle­ message from Washington expressing cordial sym­
ment of this trouble ought to be a further benefit; at pathy with the movement to promote the restoration of
least it ought to remove the danger which it threat­ silver by international agreement. It will be noted
ened of inducing strikes on other railroads in the that our senators speak of “ the restoration of silver”
and the “ free coinage of both gold and silver by inter­
Northwest.
A disagreement of much longer standing of the silk national agreement at a fixed ratio ” as the act which
weavers of Paterson is reported as having probably has their real sympathy. There is nothing in the mes­
reached an end. This strike has proved a very expen sage about “ increasing the use of silver,” the words
sive affair for the m en; it appears likewise to have which were in the call for and stood in the way of any
been entirely without cause, and its unfavorable re­ serious consideration at the international conference
sults to labor will not terminate with the starting up of 1892 summoned by the United States of the real
of the mills again. During the period work has been question at issue.
Indeed those words were at that
made the basis of acceptance by each
suspended large orders for the goods these mills make time
have been placed in Europe so that the urgency and European power. If now, however, Great Britain is
extent of the demand for the coming season has been beginning to see, or may at any time hereafter see, the
reduced, while the manufacturers have been able to need for the restoration of silver and is willing to enter
work off at good prices their old stocks that were out into an agreement for its free coinage at a fixed ratio
of fashion and therefore under ordinary circumstances with gold, no doubt the message above referred to ex­
not easily gotten rid of. There has been no settlement presses the precise views of the United States; for our
of the strike. The committee of business men formed people would be glad to help in that movement. But
for the purpose of arbitrating between the. parties if the question is simply to increase the use of silver,
have simply advised the mill-owners to open their we can take no part in the conference. That methoc
mills on Monday next to all who want to we have tried and we have gone out of the business
resume work.
It is expected that the majority there is nothing attractive in it for us either as an in­
of the strikers will avail themselves of the dividual nation or as one of a body of contractin|
opportunity and return to work. Other than this nations.
Moreover, as Mr. Cannon, President of th(
petering out of the labor trouble at Paterson and the Chase National Bank, says, Great Britain must take
settlement of the Great Northern affair, labor matters the lead, for there is no hope of success except wit!
have shown no improvement during the week. There that condition assured.
has been a mob of 4,000 “ foreign working men” almost
Our money market has remained without essentia:
holding posse ssion of Cleveland for some days seeking change. Gold exports, a natural movement for th<
to stop every factory in the city.
This, however, is a relief and cure of the congested condition of money
local disturbance and has now been brought under ccn. have no influence whatever because we have pape
trol. A less peaceful character has at the same time currencies, all of which are without the “ homing’
developed in some of the iron mining districts and also quality. What is the result ? Currency flows to Nev
in the coke and bituminous coal mines.
York faster than gold can go out, there being no metho<
A most decided improvement has taken place in the or place of retirement when business contracts and th
attitude of the army of fanatics and tramps that has been currency is out of use. Last Saturday’ s return showei
gathering of late in various parts o f the land. Having 'an increase of $2,488,600 in cash, of which $1,942,001
THE

May 5, 1894,]

THE CHRONICLE.

751

was in legal tender n otes; the loans were augmented were imported from Australia, £12,000 from France
$l,S32,9i}<), making 111*,103,600 since the beginning of and £9,000 from Portugal) and to £347,000 sent to the
April, while the deposits showed a gain of §4,314,700. interior of Great Britain.
The 3iirplns reserve was increased §1,409,925, and it
The feature of the foreign exchange market this
then stood at $83,417,930. To-day another increase of week has been its almost uniformly firm tone, caused
cash will be reported, representing another inflow from by a demand in good part from mercantile remitters
the interior, although about §4,750,000 has left us for and a great scarcity of bills. On Monday the market
Europe this week.
opened strong and Brown Bros. & Oo. and Lazard
For bankers' balances the rate remains at 1 per cent Freres advanced their posted rates to 4 884 for sixtyfor the bulk o f the business, while occasionally 14 day and 4 90 for sight, and there wa3 an inquiry for
per cent is paid. The average is about 1 per cent. bankers’ settlements and for travelers' credits, which
Renewals are at this figure and banks and trust carried rates for actual business fully np to the gold­
companies renew at 14 and obtain 2 per cent for exporting point, and on Tuesday it was announced
loans which are practically on short time. In the time that Lazard Freres would ship $1,000,009 gold on the
loan branch of the market there is sharp com petition Teutonic sailing on Wednesday. There was a good
and the broker now represents the lender instead of demand fo r remittance from sugar and coffee im ­
the borrower. Tae new offerings are from insurance porters which absorbed the bills drawn against this
companies, trust companies and banks in Brooklyn shipment, and on Wednesday afternoon estimates were
and other near-by cities, and merchants who are seek- made that quite large amounts of gold would go forward
ing to place idle capital, but the demand is sraal by Saturday’ s steamer, and Heidelbach, Iekelheimer &
and consequently the business is light. Rates are 14 Oo. ordered §500,000 gold for shipment on the Augusta
per cent for thirty days; 2 per cent for sixty to ninety Victoria sailing on Thursday, and Lazard Freres se­
days; 24 per cent for four months, and 3 per cent for five cured §1,000,000 for the same steamer. The tone o f
months to the end of the year. Loans at these figures the market was firm at.the opening on Thursday but
are offered on first-class collateral as a basis with mixec the inquiry grew lighter in the afternoon, and it was
securities for margin by all except trust companies, then thoughtjoossible that but little more gold would
who demand that all the security shall be first class. have to be sent this week. But yesterday §2,250,000
Commercial paper transactions are almost at a standstill was withdrawn for shipment to-day, not counting
for want of acceptable offerings, and the expectation $500,000 to be sent from Boston by Kidder, Peabody
that the recent auction sales would bring in a supply & Co. Of the amount shipped this week §4,490,000
does not seem to have been realized. The demand for has been taken from the Sub-Treasury. The following
prime paper is excellent, but merchants are competing table shows the daily changes in rates of exchange by
in the market for these names and every piece of paper some of the leading drawers this week.
is taken as promptly as it is offered. There i3 a fair
Wftjg
M o n -,
T gunl,
Apr.
pr. f t . Apr. SO. M a y t.
E ft
volume of paper of a comparatively low grade, but it Brown Brr.a 1 #
m
88
*****
Brown
^
Vo
90
3* does not sell well for the reason that the scrutiny of
Bari ntf.
< « O d » y s . . 88
*S
m
m
mu
names ia so close that where there is aay doubt mmma 4 0 m Burnt.. .* 801# ms%
m
&
im
k 8 rtu *h
f d o d a y * .. m
m
m
m
ss
m
a3 to the stability o f either "the maker or the endorser, B aNno*
America^ ?
---- m\4 W%
mi
sm
fH sm
Ban
k
o
f
im
day*..
m m
the paper is rejected. The class known as sixty to ninety M o n i r t m l m
Ss
m
..... <8l*hL_... m s mm
ww
mi
day endorsed bills receivable is now divided into what Canadian Bank f days..
m
ss
m
o f O m a m m t m . ( ilsgtiL-.., » * wo
*m
Sw*
68*
J
may be called very choice, embracing Sugar accept­
s*
8»
m
ances, and this is readily taken at 24 per cent. The
mt
mm &m
mu
ss<0
aft*
next best grade of this class sells for %\ to 3 per cent, “
’“ ■"‘ - { S t e : mt sr*
oo
90
90
90
*8
*8
SS
9S
g*
ftij
S
S
first-class four months’ commission house names are
mi
mn
«m<■<t
«»«
- - ..... m* »m
quoted at 3 to 3 4 per cent, good four to six months single The market closed a shade easier on Friday at 4 88 to
names at 34 to 4 per cent and those not so well 4 884 for sixty-day and 4 894 to 4 90 for sight. Rates
known at 44 to 54 per cent.
It is stated that rates on lor actual business were 4 874 to 4 87| for long, 4 S8f
real estate mortgages are now more firmly held at 5 to 4 89 for short, 4 89 to 4 894 lor cable transfers,
per cent than they were a year ago, before the panic, 4 8GJ to 4 87 for prime and 4 86| to 4 8Gf for docu­
and that the loans at anything below that rate are com ­ mentary commercial bills.
The Bourgogne, which,
paratively few, the reason assigned being that property arrived on Sunday, brought 720,625 francs gold in
ia not selling well m a rule n u ler foreclosure, and transit to Cuba.
lenders who are willing to place their money on mort­
We give to day our statement of bauk clearings for
gages want full rates.
the month o f April. W ith strikes in the coal regions
There has been no special feature in the European and also on some of the Western railroads, and with
situation this week. It is reported that a new 3] per the tariff uncertainty still unsettling business inter­
cent Norwegian loan for 19,000,000 crowns will be ests, it would hardly have been expected that the com ­
brought out in Berlin, and that the Turkish loin will parison with last year would show an improvement
be issued by the Deutsche Bank. The Bank of E n g­ orer that for the months preceding, As it happens,
land minimum rate remains at 2 per cent. The cable however, the comparison is better, the falling off for
reports sixty to ninety day bank bills in London at 14 April being only 25 T percent, against 30'8 per cent for
per ce n t The open market rate at Paris is 1| per March, 36-9 per cent for February and 32-2 per
cent, at Berlin it ia I f per cent and at Frankfort I f cent for January. This is with New Y ork included,
per cent. According to our special cable from London where the falling off ha3 been only 28 M per cent for
the Bank of England gained £101,913 bullion during April, as against 37 per cent for March and 43-7 per
the week, and held at the close of the week £31,940,- cent for lebrnary. Outside of New Y ork the changes
Iv'i. Our correspondent farther advises us that the are much smaller, the decrease for April being 21T per
gain was due to imports of £449,000 (of which cent, against 21*6 per cent for March, 26*5 per cent fo r
£-308,000 were bought in the open market, £120,000 February and 22-0 per cent for January. The follow -

752

THE CHRONICLE.

[V o l .

Lvm.

ing is our usual statement showing the results both ports a loss in gross for the month of $653,002, or fully
25 per cent, and a loss in net of $389,256, or over 40
with and without New York.
M O N TH LY C L E A R IN G S.
per cent; the Central of New Jersey has lost $328,432
in gross and $230,868 in net, the latter a falling
Clearings Outside New York
Clearings, Total AU.
Month.
off of nearly 50 per cent; and the Philadelphia &
P.Ot
1893.
1894.
P.Ot.
1893.
1894.
Beading in its statement for the same month, printed
$
*
$
$
—22 0 by us last week, also showed very heavy losses in both
4.057 781.471 5.937.987.238 - 2 ‘2 1,902,217.415 2,406.545.826
8.218.244.805 5.098.077 lil -30*9 1.491,204.515 2,0*1,182,351
The Burlington & Quincy i3 one of the
2L-6 gross and net.
March..... 3.780.MI.SJS 5.431,438.016 -30'8 1,711,510,30a 2,183.712,064
-22-9
6.621,470,241
companies
which
has found it possible to overcome a
5,107,902,2.12
-33*1
1st quar.. ll,< 40,377,628 18,500.503,034
2,181,199.157 -21*1 very heavy loss in gross receipts by an almost equally
1,704,383,4
73
-25*1
4.967,548,991
•
V
.
22."
07,681
April---There are seven places where the clearing houses re­ heavy reduction in expenses; it reports $647,704 de­
port larger clearings the present year than for crease in gross earnings, only $18,582 decrease in net.
April last year. Four of these seven places The Louisville & Nashville has accomplished a like
are in the South, and the others are Bing­ achievement, reporting only $12,115 decrease in net,
hamton, Peoria and Topeka. The Southern cities with $234,025 decrease in gross. The Denver & Rio
which show increases are Savannah, Dallas, Norfolk Grande has lost $251,333 in gross, $143,537 in
and Waco. Many other leading Southern cities, how­ net; the Norfolk & Western $124,777 in grossf
ever, continue to record heavy declines— Birmingham $42,603 in n e t; the Canadian Pacific $186,343
d6'5 per cent, Chattanooga 51-5 per cent, Fort Worth in gross, $94,481 in n et; the Rio Grande West­
36-2 per cent, Nashville 32'7 per cent, Memphis 37-9 ern $31,092 in gross, $19,443 in n e t; the Chicago Bur­
per cent, Houston 23*7 per cent, Galveston 30 0 per lington & Northern $69,263 in gross, $49,822 in n e t ;
cent, Louisville 21*1 per cent and New Orleans 28-7 the Kansas City Fort Scott & Memphis $93,111 in
per cent. For the Southern cities as a whole the de­ gross, $16,965 in n e t; and the Kansas City Memphis
crease is 20‘ 7 per cent, which compares with only 16-6 & Birmingham $18,941 in gross, $16,540 in net. The
per cent decrease for the Pacific section and 17*3 per Mexican Central has an increase of $11,833 in gross,
cent decrease for the Middle States cities, but with but as this was attended by an augmentation of $55,21 *8 per cent decrease for the New England States, 781 iu expenses, the net shows a decrease of $43,948.
23'2 per cent for the Middle Western States and 25'5 The Oregon Improvement Company reports gross of
per cent for the far-Western cities. We give below a $316,148, against $294,900, and net of $49,558 against
comparison for four years of the clearings at a number $49,501; and the Minneapolis & St. Louis has gross
of leading points.
of $143,845, against $160,113, and net of $55,666, against
B A N K CLEARIN G S A T B E A D IN G CITIE S.
$62,075.
-----------------April.----------------,— January 1 to April 30.The Tennessee Coal, Iron & Riilroad Company is
('000,0008
1894. 1893. 1392. 1891. 1894. 1893. 1892. 1891.
$
om itted.)
*
*
$
one
of the fesv industrial concerns which furnish pretty
New York... 2,018 2,806 3,075 2,896 7,957 12,635 13,122 10,604
440
384
348 1,314 1,736 1,551 1,321 full statements "of their operations for the information
Chicago........
338
335
403
419 1,366 1,723 1,614 1,552 of their security holders.
Boston..........
428
The business, too, in which
304
2SO
Philadelphia
261
318
960 1,265 1,288 1,092
424
359 the company is engaged, is one regarding which,
St. Louis__ _
89
103
368
398
108
89
62
San Fran’co.
65
76
213
255
286 through such information, it is possible to reach more
57
258
53
263
232
60
61
56
215
245
Baltimore...
211
Pittshnrg. . .
67
62
254
246
221 definite and reliable conclusions than is the case with
58
71
59
54
59
208
251
Cincinnati...
55
241
218 most other industries.
The company has issued its
43
202
New Orleans
31
39
44
159
207
184
report for the year ending January 31, 1894, and it
40
47
40
Kansas City.
39
154
185
155
145
25
31
Louisville...
31
32
122
124 merits attention by reason of the favorable character
107
137
21
Minneapolis.
32
121
29
25
83
118
93 of the results disclosed, and also because of the
41
Milwaukee..
17
21
26
72
153
109
91
24
Detroit.........
30
26
28
91
126
107
95 extent of the company's operations. The business of the
15
BuSalo.........
33
32
29
92
132
136
119 company is the production of iron, coal and coke.
The
Providence..
18
25
23
24
73
109
92
93
iron
industry,
as
we
all
know,
has
been
in
a
state
of
Omaha.........
22
22
17
27
119
81
90
68
19
Cleveland...
25
23
21
73
103
91
82 extreme depression, prices having dropped to extraordi­
12
Denver........
20
22
21
46
88
84
72
narily low figures. An additional difficulty with the
12
St. Paid.......
19
21
51
82
17
81
65
Total......... 3,519 4,713 4,869 4,597 13,924 20,401 20,349 17,129 Tennessee Company has been that its output, produced
204
Other oities..
254
213
235
815 1,067
974
855 in the South, has had to compete with the product of
Total aU... 3,723 4,967 5,101 4,810 14,769 21,438 21,333 17,934 ihe blast furnaces in the North, where iron making
Outside N.Y. 1,705 2,161 2,029 1,914 6,812 8,733 8,201 7,380 has been long established and where the
manu­
Many returns of railroad gross and net earnings for facturers have had all the advantages to he de­
the month of March have been made public this week, rived from that circumstance. Bat notwithstand­
and they one and all reflect the intense depression pre­ ing these drawbacks the company passed through
vailing in business. The losses in gross earnings are the year in a very creditable manner, meeting
exceedingly heavy, and it will probably be many years all its obligations, including interest on its bonds and
before like unfavorable results and conditions are again the July dividend on the preferred shares, and at the
met with. A few leading companies, it is true, have same time reducing very considerably the gross amount
through a radical and vigorous policy of retrenchment of its floating debt, improving the physical condition
been able to offset the greater portion of the loss in gross of the property and increasing the capacity and effic­
receipts by an extraordinary reduction in expenses, but iency of its machinery and appliances. The gross
with many other roads the losses in net are propor­ amount of its floating debt January 31, 1893,
tionately just as heavy as the losses in gross, and often had been $2,994,435 ; January 31, 1894, we find it
even heavier. Toe anthracite coal roads seem to have reduced to $1,814,796, against which the company
suffered with especial severity, as in addition to the held “ quick assets” of $2,417,3LI. Toe report
falling off in the demand for coal by reason of the par­ states that the volume of the company’s coal
alysis of our industries the mild winter weather alsi business during the year was fully maintained,
operated to restrict the demand for coal. The Erie re­ and that two-thirds of the railroads between the Atlan-

THE CHRONICLE.

Ma t 6, 1894.)

tic coast and Texas, inclusive, are to-day consuming
coal from one or another of the company’s mines, that
the face value of the bad debts which accrued during
the year on a business of over five million dollars
was lcS3 than 840,000, and that “ if it is possible for
the present extraordinary prices of iron to shrink yet
further, owing to the competition which has thrown so
many furnaces and iron ore mines into the hands of
their creditors, this company is prepared to face that
shrinkage, and to do so without fear of sacrificing the
interests of its stockholders.” The report was printed
by us last week.
The following statement, made np from returns col­
lected by ns, shows the week’s receipts and shipments
of currency and gold by the New York banks.
Week Ending May

Received by Shipped 5v
Sfe T. Banks. S . T. Bunks.

180*.

Net Interim
Movement.

*7,185.000 *3,808,000 GaliL*3,5S7,000
600,000
300,000 Gain. 300.000

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

Total gold and legal sender*.... *7.765.000 *3.909.000 Gainks.S57.000

With the Sub-Treasury operations and the gold
exports the result is as follows.
Out ef
Bank*.

Into
Bank*.

Week ending May 4, 1884*

SH Cheap*4n
Bank Boldin*.

■anke’lnseoor mevemeat aa shore *7.705,000 n.&m,ooo GmtnJSMI.OOO
Lorn*. 3,500,000
Sah-Trea*. oper and gold export*. 13.000.000
Gain *317 000
Total geld and legal tender*.— *30 705.000

The following table indicates the amount of bullion
In the principal Earopean hanks.
Banket
am .

Way J. im .

j

t su re. 1 neat

j

&

3*1«*r.

Intel,

£
U 710,745
u&sai aa©
tu m m
K ,m jm m
iso 43 105,000
w.*M,P«o> 17:m xsfm *7.t*S 0*0
7.t1.1.0* M&5.0O0 UMKOdn
I . W I - 7*187 000
% tm jm L184.0W 4O02OO0
M

■BglaBd------Trance.........
German? •....

m jM M S M ijm ju *
in.vii.a-; 0 ,774000.
w .m tjm 1 M W W 1 SM M M sf
ie.ssn.«*
Spain..,,____
Bather land*..
V io.u .0 1UMXMW
Kat Belgians- £,tm m u n jw N M u.oooj
Wofetklarr***
T ot prev.w*

Way «. UW*.
om .

n A t io r e i i*M33J»6 »WUJ&0
MJWUI* ttS.M9.116l IAMBS. Ml m m u m m m Am

* tub division (Between gold mud diver) given la our table of coin
mad bullion la the B ack o f Germany end the B eak of Beigtaai l* made
from the beat rationale me are able to obtain la Belt be r e w e Is It
claimed to b « accurate, «• tboae banka make bo dlstinrUon In their
w eekly re to roa. m erely reporting the total gold and silver, but we
believe the division me m ake la a d o e * approa im atloa.
N o t e .—We receive the torvgoto* revolt* weekly by cable, an d whlla
c o t all o f the date given at the head o f the column, they are the retarn* w ard neatest to that date—that la, the lateat reported figurea

THE

STATE

C O N S T IT U T IO N A L

C O N V E N T IO N .

A convention to “ revise and amend the Constitution”
of the State of New York will meet in Albany on
Tuesday next, the 8th of May, It will be composed of
175 delegates, who were chosen at the general election
in November last. This convention may perhaps be
called the sixth of its kind—somewhat similar bodies
having met in 1777, 1801, 1821, 1846 and 1867. In
explanation however of that statement it should be
added that the 1801 convention was not called or an
thorized to frame a new constitution ; its work was
limited to amending two specified parts of the Con­
stitution of 1777. Then as regards the 1867 conven­
tion, although a wholly new instrument was framed
the people voted against its adoption, rejecting alt but
the amended judiciary article, which was submitted
separately.
The State is consequently still living under the Con­
stitution of 1846, though it has been materially and
extensively “ doctored” since it went into operation.
Indeed the spirit and leading purpose of the
u

753

instrument as it was in 1846 have been taken
out of it. In the form it now stands it is
something of a medley, vagne and contradictory a3 to
several of its provisions, and a pretty thorough revision
seem3 to be called for. Much that was mischievous
and much that had no right to a place in such an in­
strument was made a part of the Constitution of
1840.
The convention of 1804 will meet under very favor­
able auspices. There was no party feeling in its incep­
tion. It was called because it wa3 believed to be neces­
sary. Its members will comprise many of the most
eminent men of the State. The legal profession will
dominate in point of numbers, but other professions
and employments will be represented. I d is contem­
plated by the law under which it assembles that it will
complete its work by the middle of September— a
period none too long for the wise adjustment of the
various questions that may arise.
What are these questions ? The reorganization of
the courts, the future of the State canals, the extension
of suffrage to women, the basis of taxation, the restora­
tion of the just powers of chief executive officers, regu­
lations affecting bankers and banking, and the reor­
ganization of the Legislature on a more conservative
basis ; these are some of the leading topics, and they
wifi hardly fat! to occupy much time.
But as there are to be thirty standing committees
aud as the whole of the instrument now in force will
be revised, the debates will necessarily have a wide
scope. Possibly, too, some matters which hitherto have
never been in contemplation while forming such an in­
strument for this State will affeot the shaping of im­
portant provisions. Perhaps the regulations relating
to the debt-making power of municipalities or rather
those restricting the use of their credit may be re­
modeled with an eye to rapid transit in this city,
putting the legislative enactments in furtherance of
this work upon a clear and indisputable basis. This may
not be necessary, and certainly would not be wise, un­
less the modification can be so framed as not to per­
mit the evils which the present restriction was made to
prevent. Measures looking to the “ Greater New
York '* are dearly within the province of the Legisla­
ture, yet the convention, as the superior body, may
find it advisable to take some action upon that subject.
In the light of the abandonment of several hundreda
of miles of the State canals in the past few years, it is
a little amusing to read the provisions of the Constitu­
tion of 1846 directing the management of their finan­
ces. Yet it must be admitted that through repeated
amendments the operation of the State canals has been
brought to a fairly satisfactory basis. No effort to dis­
turb their free navigation is likely to be successful,
and probably demands for free elevators at points of
trana shipment will find little favor. Whether widen­
ing aud deepening the Erie Canal shall be made im­
perative, and whether any reference shall be had to
changes in motive power, to steam and electricity, are
questions upon which action cannot long be delayed,
but may be safely relegated to futaro legislatures for
such regulation as the progress of the transportation
problem may call lor.
One of the most conspicuous changes in the Consti­
tution of 1846 was the decrease of power and dignity
accorded chief executive officers. Under its provisions
tbe Oovernor of the State became little more than a
head clerk, and the mayors of cities were deprived of
all authority over their subordinates. Naturally, ex­

754

THE CHRONICLE.

travagance thrived and inefficiency became painfully
conspicuous. Keform in this matter has been slow
in the past few years but has made sufficient progress
to show that it may be carried further to the advantage
of the public service.
The accumulations of cases upon the calendars of the
higher courts have become a serious evil, and for this
reason the reorganization of the courts of the State,
with the purpose of increasing their efficiency, will no
doubt receive attention. The convention is more likely
to fall short of than go beyond the requirement in this
matter; for what might fully meet the wants of to­
day may prove quite inadequate a few years hence.
One suggestion made is that courts of highest juris­
diction be authorized to held their sessions in different
parts of the State. But this and other proposals will
call for careful consideration, and it may be assumed
that wise relief measures will be easily reached when it
has been definitely ascertained what is needed.
The reorganization of the Legislature will be another
prominent subject for consideration. How far the
present regulations may be improved can be better
judged when the character of the suggestions which
are to be made is known. The proposals to increase
the length of the terms of the members and to divide
the senators into two or more classes as to the expira­
tion of the office will need discussion before the wis­
dom of either change will become apparent. The ex­
tension of the suffrage to women will no doubt be dis­
cussed. It will find earnest advocates and would meet
with comparatively little opposition if the duty when
imposed was sure to be generally performed ; and yet
the performance of the obligation would seem to be, in
the nature of the case, almost if not quite impossible.
Altogether, the convention has a large work before
it. There is reason to believe that the interests of a
commonwealth of six millions of people will be wisely
Considered and acted upon without party feeling and
with little heed of temporary considerations.

THE L A K E SHORE REPORT.
The Lake Shore & Michigan Southern is a railroad
property of great strength, and this whether we have
regard to its financial condition, its physical condition
or its income. On that account, and also because the
company furnishes unusually complete and well ar.
ranged statistics of traffic and operations, the annual
report of the road is always very closely studied. The
results for 1893, as given in the report for the calendar
year, just issued, command especial attention because
the year was in every way such an exceptional one. On
the one hand the World’s Fair at Chicago was a favor,
ing agency of large dimensions, from which the Lake
Shore necessarily derived great benefits by reason of its
geographical position as part of one of the main
trunk lines between the seaboard and Chicago ; on the
other hand the panic, with the industrial depression
which followed, and also the low price of wheat, were
distinctly unfavorable influences whose effects upon
the Lake Shore as one of the principal arteries of com­
merce could not fail to be severe.
Looking first at the gross earnings we see clearly
reflected both the influence of business depression and
the effects of the Fair. Aggregate gross was the
largest in the history of the company and exceeded the
total of the year preceding in the amount of 81,270,550.
But the gain came entirely from the passenger busi­
ness, the freight earnings having fallen off. From

[Von. LV1II.

85,391,385 in 1892 the passenger earnings rose to80,993,060 in 1893— that is, there was an increase in
the large sum of $1,601,675, or nearly 30 percent. The
gain was due to the travel to the Fair, the ordinary
local passenger traffic having fallen off very materially
as a consequence of business depressioo. Of through
passengers carried the entire distance between Buffaloand Cnieago the company moved 191,620 in 1893
against only 93,1G6 in 1892, the aidition thus having
been n-*irly 100 per cent; and the increase in earnings
from ': is class of passengers was nearly a million
dollar^— $988,580. Bat that is by no means the
whole of the gain in passenger receipts from
the World’ s Fair.
Tne way traffic necessarily
also includes much travel to the Fair — travel
local to the road and coming from points between Buf­
falo and Chicago. That the ordinary local traffic fell
off is evident from the fact that the road had only
5,119,466 way passengers altogether in 1893, or 629,123
less than in 1892,1when the number was 5,748,589 ; but
on the other hand the presence of the Fair travel in
the result is also evident from the fact that notwith­
standing the diminution in the number of way passen­
gers carried, the aggregate mileage traveled by the way
passengers increased 18£ per cent, being 230,733,012
miles for 1893 against 194,841,342 for 1892. As soon
as the Fair closed passenger earnings showed an imme­
diate and decided change ; thus while in October, theclosing month of the Fair, the revenue from the pas­
senger business reached over a million dollars (81,001,656) and in September had been nearly a million dol­
lars (8956,157), iu November the total dropped to only
about one-third of a million— 8357,479.
As regards the freight earnings, these decreased
8361,217, or 2-43 per cent. The tonnage was half a
million tons (500,903 toDS, or 3’ 67 per cent,) less than
in 1892. Ouly 20,020 tons of this decrease, however,
was in the east-bound freight while 480,883 tons wasin the west-bound freight. This reveals the effect of
the industrial depression and the low price of wheat in
checking enterprise and curtailing the purchasing ca­
pacity of the AVestern people. Tne road has a large
traffic in iron ore on its Ashtabula branch, and in this
there would naturally be a decided falling off be­
cause of the great depression in the iron and
steel trades. We find that the tonnage in iron ore
in 1893 was only 1,175,068 tons, against 1,337,901 tone
in 1892, the decrease being 12 per cent. Of pig, bloom,
and railroad iron the tonnage moved was only 198,461
tons against 283,503 tons, the decrease in this case
being 30 percent, and of “ other iron and castings"
the tonnage was 566,563] tons against 635,312 tons,
showing a decrease of 10-82 per cent. In coal and
coke, and also in stone, sand and lime the changes are
much smaller than we should expect to find in view'
of the adverse business conditions ruling in the latter
part of the year, but doubtless these classes of freight
were increased early in the year by the building opera­
tions in Chicago connected with the erection of the
Fair buildings. Of coal and coke, 3,623,624 tons were
moved in 1893 against 3,692,551 tons in 1892, and
of stone, sand and lime 1,105,892 tons against
1,137,583 tons.
The general depression in busi­
ness is reflected in a falling off in the merchandise
traffic and in various other items of tonnage dependent
upon industrial conditions. Of merchandise only 501,528 tons were moved, against 604,811 tons ; of lumber
and forest products 757,020 tons, against 924,901 tons;
and of manufactures 418,972 tons, against 434,374

May 5, 1894.]

THE CHRONICLE.

tons. Of grain the road carried only 1,154,309 tons,
against 1,234,677 tons, but of other agricultural prod­
ucts it carried 410,098 tons, against 375,542 tons, and
of flour and mill products 581,719 tons, against 470,966
tons. Of petroleum the tonnage was 409,164 against
427,41'.' to n s ; of animals 561,799, against 561,597
tons, and of provisions 408,467, against 278,813
tons.
Besides the falling off in tonnage the average freight
rate also again declined, dropping to only 587 thous­
andths of a cent per ton per mile, which is nearly as
low as the average in 1885 (it was 553 thousandths of a
cent at that time), the last year of the trank line war,
and when harmony wa3 restored through the acquisition
of the West Shore by the New Y ork Central. The
fact that the average is but little higher now than at
a time of intense strife is significant and noteworthy.
The profit per ton per mile after deducting expenses is
actually lower than in that year, being only 126
thousandths of a cent, a3 against 154 thousandths, and
is the smallest in the entire history of the company.
A : 126 thousandths o f a ceDt per ton mile this profit

is just one half what it was six years before in 1867,
when the figure was 252 thousandths.

It was stated above that aggregate gross earnings
(passenger, freight,etc.,) had increased $1,270,550 over
the year preceding. la the net earnings, however,
there la no increase, but a small decrease (#50,173),
owing to an augmentation of #1,320,723 in expenses.

With this augmentation, the ratio of expenses to earn­

76o

19,831 to 20,7S1. Besides all this the funded debt is
reduced 3250,000 annually.
The finances of the company are of course in excel­
lent shape. Including pay-rolls and vouchers and the
dividend which was paid February 1, 1894, the total of
all current liabilities December 31, 1893, was only
$2,786,123, while at the same date the company held
$1,738,253 of actual cash and had outstanding in un­
collected earn in g and on open account $1,963,729,
making on these two items alone $3,701,9S2, not tospeak of other assets. The announcement made abm; -:
November 1893 that the company had disposed of n s
holdings of Cleveland Lorain & W heeling stock:
($774,400 preferred and $169,100 common, standing on
the books at a cost of $752,800,) i3 confirmed, as the
item no longer appears in the balance sheet.
Doubtless revenues will fall off heavily the present
year— the passenger revenues because comparison
is with exceptional totals last year, and the freight
revenues because of the industrial depression. But
probably no other railroad company in the country is
better prepared to stand a falling off. The property is
i u excellent physical and financial condition, and ex­
penditures for additions, improvements and betterments
have been so large in the past that it will be possible to
reduce expenses very materially by tho simple elimina­
tion of these items. As we have seen, the company in
the late year earned 6-46 per cent for it3 stock on a
profit of only 126 thousandths o f a cent per ton per
mile on its entire freight tonnage. The Y ew Y o rk
Central for its latest year shows an average profit of
170 thousandths of a cent and the Pennsylvania on its
lines eaat of Pittsburg aud Erie an average of 107
thousandths.

ings has been raised from 70-50 per cent to 72-29 per
cent. In 1867 the ratio was only 58*95 per c e n t ; since
it has increased in each and every year, and at 72-23 then
for 1893 is higher than in all other years, with the
tingle exception o f 1873, when it was « trifle heavier,
namely 72*96 per cent. The explanation for the large
P R O G R ESS O F M E X IC A N C E N T R A L.
expenses is of course well known. Daring the last few
The Mexican Central, liko other Mexican roads, is
yeare the company has been spending heavy amounts
for additions and improvements, and charging the handicapped by the fact that huviug been built,with
tame to expenses. In 1893 especially the outlays foreign capital— that is capital raised outside of .Mexico
in this way were very large. The report states — its obligations are in gold, whereas its lines being
that operating expenses for that year include #2,164,- situated in a country whoso currency is on a silver
619 expended for new equipment and #478,822 spent basis, the revenues arc in silver. As the value of silver
for additional second and third track, sidings, &c., has seriously declined within recent periods it takes an
making #2,613,441 together—an amount equal to over increasing amount of silver to make a given amount o f
5 per cent on the outstanding stock of the company. gold; in other words the loss from coaversion becomes
Even after these heavy expenditure* the road shows steadily greater as the depreciation goes on. N or
6-46 per cent earned on the stock ; in other words, u this tho only way in which the loss of value in the
after spending 2$ million dollars for additions and bet­ metal affects the Mexican roads unfavorably. Such
terments, net earnings were sufficient to meet all supplies needed in the operation of the roads as have
■charges, to pay 0 per cent on the stock, and yet leave a to bo obtained in the United States are, other things
surplus of $228,653.
being the same, purchased at a rising price in silver,
The distinction which the company has so long en­ with the result of adding to the cost of operating.
joyed of charging nothing to construction or equipment
For these reasons, the financial results of operations
account, but everything either to expenses direct or expressed in American currency furnish no guide to
to income account, is still maintained by it. On ac­ the growth and development of the system. As a mat­
count of the extra equipment purchased to enable ter of fact, the statement o f the net revenues in that
the company to provide for the travel to the Fair, it way serves to hide the progress making, as the decline
seemed possible that a new departure would have to he in silver lessens the equivalent in our money. The
taken in this respect in the late year. But these purchases business of the road has been developed in a very
were met like the rest, and no change whatever was striking manner from the very first, and this progress
made in the company’s policy. For a period of ten ba3 been maintained through all the recent years,
years cost of construction and equipment has remained despite various hindrances and obstacles, such as suc­
unaltered at $84,000,000. Yet the additions to equip­ cessive crop failures and the derangements and burdens
ment and to second track and sidiDga have been very imposed upon the conntry by the fluctuations in tho
arge in the interval. Taking only the last two years, rate of exchange. Taking tho aggregate of the gros3
ve find that the number of passenger cars has been in- revenues at $7,931,768 in Mexican currency for 1893
reased from 316 to 423, the number of locomotives and comparing it with the aggregate of $7,963,253 for
rom 500 to 591, and the nnmber of freight cars from 1892, it is seen that there has been a slight increase.

756

THE CHRONICLE.

This would bo a very satisfactory showing as it stands,
considering the character of 1893 and how very heavy
were the losses sustained by the United States system
of roads in that year, and considering also that the re­
port says that the great decline in the price of silver
last June and July caused a serious falling off in busi­
ness in the Republic of Mexico, as well as in the
United States, during at least July, August and Sep­
tember.
But the showing of earnings is really more favorable
than appears from a comparison of the aggregates. On
account of the better crops in the Republic and the
restoration of the duty on corn, which duty had been
remitted for a time, the importations of corn from the
United States into Mexico were very greatly reduced
in 1893, causing a decrease in the earnings from this
class of business compared with 1892 of as much as
$507,493, and at the same time we are told there were
no earnings from construction freight during 1893, as
against an item from that source of $397,376 in 1892—
making a loss from these two causes of $904,869.
Notwithstanding, however, this very heavy loss, aggre­
gate gross earnings, as we have seen, actually increased
slightly. The report states that the loss was made up
by the increase in the local earnings, and certainly an
addition of over nine hundred thousand dollars to the
revenues from local traffic in a single year is both note
worthy and striking. In 1892 because of the large
importations of corn, the proportion of aggregate gross
earnings derived from international business had been
increased and the proportion derived from local busi­
ness diminished; in 1893 the movement was again
reversed, and 69'03 per cent of the company’ s
entire revenues came from business local to the
country.
These are simply the comparisons with 1892. To get
an idea of the steady and continuous growth which has
been in progress, we must go further back. The in­
crease in 1893 follows large increases in the years pre­
ceding. The report contains a very interesting table
showing this increase. The figures in the table are
stated in Mexican currency, to indicate the result unaf­
fected by the depreciation of the Mexican dollar, and
earnings from construction material carried for the
company’s use have been eliminated, obviating also
disturbances from that fluctuating agency in the com­
parisons. Treated in this way, we find that the gross
revenues have increased in each and every year without
exception since the main line was opened through to the
City of Mexico, though in the interval there have been
some years of crop failures and also of business depression
in Mexico. In the eight years from 1885 to 1893 gross
earnings have risen from only about 3| million
dollars ($3,532,820) to nearly 8 million dollars ($7,981,768). In the same interval the number of miles of
road operated increased, through the building of new
branches and extensions, from 1,236 to 1,847 miles. But
the addition to the length of road is less than 50 per
cent (49'42 per cent), while the increase in aggregate
gross revenues has been over 125 per cent— 125 93 per
cen t Reduced to a mileage basis, earnings are found
to have risen from $2,858 per mile in 1885 to $4,322 per
mile in 1893.
We shall presently see that the fiscal results of oper­
ations, because of the great depreciation of the Mexi­
can dollar, are not what could be wished. But the
record of growth disclosed in the foregoing shows that
the business of the road has been energetically exten­
ded, and also furnishes evidence of the great indus­

[Von. LVIIl,

trial development going on in Mexico.
It is unneces­
sary to go into any discussion as to the cause or causes
for this industrial development, though obviously the
great increase in railroad facilities in Mexico
during the last ten years must be considered to
have been a prominent factor in bringing it about.
Mr. A. A Robinson, the President of the Mexican
Central, gives expression to much the same views as
President Raoul of the Mexican National regarding
the effect of the depreciation of silver upon local in­
dustries in Mexico. He says: “ The decline in the
price of silver has caused a large curtailment in im­
portations, as such importations must be paid for in
gold, but Mexico being on a silver basis and wages and
the necessaries of life not being afEected by its decrease
in value, the effect has been to stimulate manufactur­
ing and other industrial enterprises of the country and
increase the local transportation. This is evidenced by
the fact that the local freight earnings in the last
quarter of 1893 show an increase of 30 per cent
over the same period of 1892.”
But it is obvious that the advantage in this way
serves only in small part to offset the great loss re­
sulting from the conversion of silver into gold and
from the increased cost of articles bought in gold and
paid for in silver. While, as stated above, aggregate
gross earnings increased slightly over 1892, net earn­
ings in Mexican currency fell off $115,879, owing tc
an increase of $134,394 in expenses. But the report
states that the higher rate of exchange in 1893 added
$206,012 to the expenses on materials purchased in th(
United States and needed in the operation of the road
and that except for the higher rate of exchange ex­
penses would show a decrease instead of an increase.
In addition to the $206,012 increase in expenses in
Mexican currency, there was of course a further loss
in converting the net earnings (after deducting the
expenses) into United States money (the average price
received for Mexican dollars in 1893 having been only
62‘02 cents against 68 26 per cent in 1892), and it is
calculated that the total reduction of net revenues in
American money from the further decline in silver in
1893 was $318,199. If to this we add the depreciation
of $67,875 in the Mexican currency assets from the
same cause, the loss is increased to $386,074.
Net earnings in Mexican currency in 1893 were
$2,845,587; in United States money the result was only!
$1,764,823.
As the fixed charges for the twelve
months were $2,243,349, the net revenue fell $478,52(
short of the requirement for that purpose.
But in ite
Subsidy Trust Fund, established in 1891, the company
made ample provision against a deficiency of thi3 kind
and, as in 1892, it received $500,000 from tha
fund, thus
increasing the income sufficiently
to cover the charges. The company was not, however
able to make any payment on the 1st incomes as it
did in the years preceding. It deserves to be notei
that though $500,000 was received from the Subsid.
Trust Fund that fund was drawn down only in the sur
of $283,857, the remainder of the amount having com
from the income of the fund. The finances of tb
company are in good shape. The amount of the note
payable outstanding is the same as at the end of 189‘ ;
namely a million dollars. The only other items <
current liabilities are $1,169,614 for interest due an
accrued and $644,936 owing on vouchers, pay-rolls, &c
on the other side of the account we find $1,117,451 c
cash on hand and $1,709,046 of notos and accounts rj
ceivable, making $2,826,497 together.

THE CHRONICLE.

COTTON CONSUMPTION AND OVERLAND
MO VEMENT 1 0 M A Y 1.
We present below oar usnal statements of overland
movement, receipts, exports, &c. They include the period
from the first of September down to the close of April,
or the first eight months of the cotton crop season.
The amount brought into sight during April has been
greater than for the same month of the preceding
year, bat exhibits a decrease from April of 1892 and
1891. For the elapsed portion of the season there has
j come into sight 7,032,536 bales, an aggregate 823,106
bales heavier than th3t for the corresponding period of
1892-93. Northern spinners have taken a little less than
110,000 bales of cotton daring the month, and for the
eight months their takings fall behind those for the
'like period last year by 248,276 bales.

M o v e m e n t fr o m

1,1893, to
May 1, \ m .

Se p t.

757 '
•XPORTS STNCH5 SKPT. 1 1893 TO— Stock*
May 1*
G re a t
-SVanee. C o n ti­
T o tal.
189*4:

R e ce ip t* R e ce ip t
H nce
H nce
Sep t, l
Se p t. 1

1893.

1802.

B rita in *

S a lv e sto n ....... S6ft,%8 1,010,93'
4?.5ri
Sri.491
Velas to, & q . ..
New Orleans. .. 1.SO2.50.-' »,48i.02i
M o b ile ........... 190,010 l O S M t
27,981
34,088
F lorid a ......... .
3avane all— ... 920,162 789,12*
85.393
Brunswick, Ac.
385.27? 278,33?
Jbariestoa,....,
72.925
421
Port Royal ,&c188,005 158.7&7
•Vtlmimrton —
755
429
W ashlngt*a,Ac
Norfolk. . . . . . . . . . 4*2.8; 0 281,302
West P oin t.... 235,187 ib?.5?»
5 » ,m
10,119
Newp’tNews.Ac.
Sew r o t k ..........
43,41*6
01.0*1? 1010-3
Soston................
65
987
18.733
Baltimore,..........
52,121
48.0*0
PhlladelphlaAc.

540,003
.......
707,012
30,348
111,708
38,553
159*108
71,913
as,sop
......
tssjm

70.49:
80,091
ra^oss
kl'.T.O
8P,?e8
20,370

n e n t.

1C4.81

108,8 i> 702,135
31,03
31,0f0
870,3j* 1,478,189
82*
31,12>
500
339,523 48^.018
39,555
90.7K
1S6,K>5 305,*217
71 01S
»ass5 302,104

392,124
50:
S2.0M7
2,00
19,206

350
......

14,550
19.467

16,730

180,0*0
2,4*3
120,1 Oi
9,403

5.037
371055

41,548
158.307
15,877
43.223
3.001
37,fc6S
10,575

108.518
95,904
39,^91
sla v e s
220,9,*®
171.800

*7.M5
5,034
8,: 93
esam ®
7,600
18 257
8,685

4,099,130

020,974

Total 1893-91..

2.d I M S '

Total 1802-93..

. . . . . . . i , 7 m l i b 2,08,710

r01,€K5l l 21-1,84? 3,735 518

000,254

Total J80f-03„f

. . . . . 6 / 5 V241 3,O*!,S$0

637,704 1,579,447 S.W0,390

832.793

1
s

May 5, 1894.J

• Great Britain exports Include to the Channel.

OVERLAND MOVEMENT TO MAY 1 .

The gross movement overland in April ba3 been only
74,730 bales, which compares with 81,058 bales in
1893 and 114,659 bales in 1892.
The aggregate gross
for the eight months is 1,072,512 bales, or 16,425 bales
less than last year and 552,834 bales below 1891-92,
The net for the month makes a more satisfactory show­
ing compared with the previous year than does the
gross, reaching 45,111 bales, against 47,183 bales.
The season’ s total is at this date 72,655 baits leas than
for the like period of 1892-93 and falls 437,232 bales
behind 1891-92, The {details for three years are ap­
pended.
ovr*«LAJf» rmm

i to « » r u
1893-9*

Smouni ikt/wwd—
Via 85. L ou t..............................................
Via Cairo.......................... ................ .........
Via Hannibal.............................................
VU KvansviUe..................................... .
Via Lootevtiln .........................................
Vl»C incinnati....... ...........................
Via other route#.........................................
fflUpped to mills, n ot Included a b o r a ...
Total rriwa o v e rla n d ...............

50P.05O
219,839'

410 523
183*730'
137.787
7 M B 1 18*000;
10 5, 193! 107,386
*6.6*4
110,1071 1*8-416.
tg to tf
10,303

1891-92
( 07,75!
343.974
158.821
36,733
iao.701
1 *1.268
1*4.491
10.491

1,072,512 1.0 88,9 371 .625 3*6

M u s i iM pm en'i Overland to N ew York. Boston, * * » » ..
271.405
Between interior t o w n s ........... ...........
21,537:
flairs# ton, Island and local m ills.........
3.6 Its
New Orleans, Island and local m ills...;
18.070
Moore, island and local m ill*. ............ !
lijs s !
Savannah, Inland and local m ills._____
1,187
8*618
Charleston, Inland and local m ills___ _
» . Carol-* port#. Inland ami local mill*.!
1,312*
VlnrinU porta. Inland and local mil!#.
38,04?
Total to be deducted......... ...............
Leavtsxr total net overland* ..

i

.. :

247,214 354,84.9
2 1 , 430!
59 964
2.991}
2.909
12.1331
20 31*
18,892
40,450
l ,33 H
1,514
10,74*1
7,181
2M w
757
11, *87
12.037

384.462

500.064
760 70 1

it
* This tots! includes shipm ents to Canada ny rail, which sinus
*P**®*wr I «» H 93-94 amounted to 46.918 h a les; in 1*92-33 were
-.599 bate* and in 1991-99 were 59.693 bates.

Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which has
reached a market through the oufcports and overland,
and the Southern consumption, since September 1 this
year and the two previous years, is as follows.
1893-91

1892-93.

1891-92.

Receipt# at the ports to May 1.......bale*. 5.693.4S.6 4,7* 9 .-2 H.
Set ahlpmentso verla n d during name Unit
6.-8.0M
709 705 I .
Total receipts.............._________ bales. 6,3*1.536 8," 29.430 7,978.523
•kmtlMsrn consumption a lo w Septem ber 1 340.<KS. 530,000 4 ° 4.000
Total to May I » .......... ......... . hale*

« ,t 27,530 6,059.430 9.372,523

The amount of cotton marketed since September 1
in 1893-91 is thus - too to bo 868,106 bales more than iu
1892-93 and 1,444,987 bales less than in 1891-92. T o
determine tho portion which has gone into the hands of
Northern spinners during the same period wo have
prepared the following:
Totalreoetpts to M ij- 1, H U . as Aborts .....................bale#. 0,927,530
ewe*on hand eoiumenoemeat of year (Sept. I, 1.893'—
At Northern port# ............................. 151.521
At Southern port*..................... ...
9 1 .7 1 7 - 213,271
At Mortis*ns interior market#................ ............
8 ,7 1 7 - 2M~i.nl 8
Total supply to M*y 1 .1 8 9 4 ,... ....................................... 7,1
OI this supply there has Dees e xported
to foreign port* since Sept, l. 18M3.. 1,099,130
Ue»foreSyn oott.io Included . . . . . . . . . .
26,037-4.672,503
Seat to Canadadirect from Wont.......... .......... .
46,913
Burnt Sort* and Bonus .........................................
925
•wo* oa hand end of month ( May 1,1394'—
At Northern porta................... bales. 371,541
At Southern porta ............................... 311,113— 620,974
i t Northern Interior markets..................
2,190-5,343,510
rood taking# by spinners stnoe September t, 1893 .............
Oaken by Southern aplanere.................... .................................

1.831.044
516,000

Taken by Northern spinner* sinew September 1, 1893..........
Taken by Northern spinner* «» me time lo 1892-3........ .

1,281,014
1.514.310

Deoreaae la takln«# by Northern aplnnere thla year...bale*.

216,270

The above indicates that Northern spinners had up
to M iy 1 taken 1,288,044 bales, a decrease from
the corresponding period of 1892-93 o f 246,276 bales
RECEIPTS, EXPORTS AND SPINNER*’ TAKINGS.
and a loss from the same time of 1891-92 of 667,021
The net receipts at the ports in April have been some, bales.

'hat greater than in the same month of 1893 but

AMOUNT OF CROP NOW IN SIGHT.

than in 1892. The aggregate net receipts at
heontports for the eight months have been 5,693,480
ales, whereas in 1893 they were 4,768,725 bales and
i 1892 reached 5,753,241 bales.
Foreign exports
uriug the month have been less than for the same
eriod in either of the two preceding years,

mailer

In tho foregoing we have the number of bales which
has already been marketed this year and the two
previous seasons. An additional fact of interest is the
total of the crop which was in sight on May 1
compared with previous years. We reach that point
by adding to th ea bive the stock remaining at that date
caching 303,326 bales against 311,619 bales last at the interior towns less stock held by them at the
ear and 397,107 bales in 1892. For the season to beginning of the season. In this manner we find the
ate the total exports are 4,699,130 bales, or 963.612 result for three years on May l to be as follows ;
ales moro than a year ago. Contrasted with 1891-92
1803-4.
l8 0 2 -'3 .
1891-92.
owever the total exhibits a decline o f 541,260 bales,
rnfBl marketed, as above ...hale*,
0,027.53# 6,050.430 8 .3 '2 .5 2 3
’or usual table of receipts, exports and stocks is as 'nterlorstocks In e x e e s s o f Sept. 1. 105.000 150.0P0 242,378

>l«ws:

Total In slaht....... .

hales.

7.032.536

6.20 L4H>

8,614.601

753,241
125,282

THE' CHR0N1CI E,

758

rvoL. l v i i i .

This indicates that the movement up to May 1 dition, closing barely steady on the basis of 2|c. foi
of the present year is 823,106 bales more than in 1892-93 extras.
and 1,582,365 bales less than in 1891-92.
.
1894.
1893.
As it will interest the reader to see what has come 2
O o t V n P r i n t - S h e e t- L a n - S ’t h ’n
O o t V n P r i n t - Sheet- L a n - S’th't
lo w
lo w
in g
i n g s , c a s t e r 3-yd.
in g
i n q s , c a st e r 3 -y d .
into sight each month of the season during this and
m i d - c lo t h s , s t a n d - g i n g m i d - c lo t h s , s t a n d - g i n g - sh e e tsheet
d l i n g . 64tc64 a r d . h a m s . i n g s .
d l i n g . 64z64 a r d .
h a m s . ings
previous years, we have prepared the following, which
.......... 1 3-88
7
...8...
shows the movement for the last four seasons.
6
i ..
1890-91.

Months.

1893-94.

1892-93.

1891-92.

Septem ber...........
October...............
N ovem ber..........
Decem ber...........
January...............
February ..........
M a r c h .................
A p r il....................

511,273
1,632,823
1,686,451
1,590.052
737,908
355.108
285,010
233,911

522,552
1,465,067
1,467,066
1,290,705
556,371
412,604
296,420
198,645

826,932
2,026,205
1,927,880
1,622,475
752,027
759,012
434,016
266,354

860,274
1,723,759
1,615,981
1,645,229
965,463
620,551
435,331
321,430

Total 8 months.
Balance season...

7,032,536

0,209,430
507,712

8,614.9ul
423,806

8,188.018
467,500

6,717,142

9,038,707

8,655,518

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

Total crop .......
W E IG H T

OF B A LE S.

2..
3.. 7 5ig
4..
5.. 7“16
6.. 7% „
7.. 7°,g
8..
9
7&IA
10.. 1H
11.. 73,«
12.. 73jg
13.. 7 4
14.. 7 4
15..
16
7 xe
17.. 7 ^
18.. 7*8
19.. 7%
20.. 7%
21.. 7%
22..

T o furnish a more exact measure of the receipts up to 99
May 1 we give below our usual table of weight of bales. 24..
25..
We give for comparison the figures for the same time 26..
2.4’t
in the two previous years.
Sam e
E ig h t M o n th s E n d i n g M a y

1, 1894

Sam e

B a le s.

T e x a s .............. 1.023,359
Louisiana........
1,802,599
196,010
A laba m a.......
Georgia*.......... 1,04 5,633
408,202
Bouth Carolina.
Virginia...........
757,174
189,104
North Carolina
Tennessee, &c. 1,505,455
fcu
T otal........... 6.927,536

W e ig h t i n

A ve ra ge

Pou nd s.

7

2-75

...S...
6*4

514
54
54
54
5*4
5*4

5
5
5
5
5
5

5^4
54
54
514
54
54

5
5
5
5
5
5

514
54
5*4
54
54
54

5
5
5
5
5
5

534
54
54
54
514
54

5
5
5
5
5
5

54

5

She
8
7 ‘ »ia
She
6*8
8*8

3-88
3-75
3-75
3-75
3-75
3-75

7 i516 > 7 5
7 1oi8 3-75
3-50
7%
71*16 3-50
3-50
713,6
7 1 4 . 3-50
74

7*2
74
74
73g

74

74
74
74

3-50
3-; 0
3-50
3-50
3-50
3-50
3-50
3-50
3-37
3-37
3-25

...8 ...
7
7
7
7
7
7
...8 ...
64
634
64
6%
64
6%
...8...
64
6%
64
6%
64
6%
...S ...
6%
6%

6*4
64
6*a
64
6*4
6*3
64
64
6*3
6*a

5*4
54
54

64
64
6*3
6*a
6 I3

53*
54
54
54
53*
54

64
64

54
54
53*

64
6*3

53*
54

6*a

6%
64
..H...
6i»
64

54
54
54
5%
5 3-i
5%

3%

5%
5%

p e r i ’d i n p e r V d it'

1892-93 1891-92.
N u m ber of

29..
30..

7iie
7 i 1(i
71,6
71lfI

6%
64
64
64
64
6*4
.. . 8...
6*4
2-81
2-81
64
2-81
6 ii
2-81
64
2*81
64
2-81
64
.. . 8...
6%
2 81
2-81
64
2-75
64
2-75
64
2*75
6H
2*75 614
...8 ...
2-75
6*4
2-75
0*4
2-75
64
2-75
6 14
6*4
2-75
2-75
614
2-81
2-81
2-81
2-81
2-81
2-81

A ve ra ge

A ve ra gt
W e ig h t .

W e ig h t .

W e ig h t .

533,763,587
895,603,287
97,808,990
506,525,538
196,655, "96
369,243,473
91,908,326
746,479,862

521-58
496-84
499-00
484-42
481-76
48766
486-02
495-85

531-02
497-66
499-00
486-18
478484-51
479496-00

521-13
496 95
498 00
484-19
65
487-14
492-35
31
494-39
503-96

3.437.988,4*9

496-28

499 08

499 15

* Including Florida.

It will be noticed that the movementj.’up to May 1
shows a decrease in the average weight as compared
with tl e same period of last year, the average this year
being 496-28 lbs. per bale, against 499-08 lbs. per bale
for the same time in 1S92-93 and 499*15 lbs. in 1891-92.
TH E D R Y GOODS T R A D E D U R IH G A P R IL .

The month of April has proved a disappointing one
‘to the dry goods trade. It opened under the cheering
influence of a good business done during March and
anticipations were general that it would show a mate­
rial increase in the volume of sales compared with
A pril last year. These anticipations have not been
realized. A few houses report fully as good a trade as
a year ago, but most record a more or less important
■falling off. For this change from March the weather
has been held mainly responsible, a cold wet spell
checking distribution of both staple and fancy fabrics,
but it is evident that the temper of the trade through­
out is still very subdued and that they are little dis­
posed to go far ahead of current requirements in their
purchases. Some stocks of staple and fancy cottons
have, it is true, been quite cleaned up at sacrifice prices
during the month, which would [seem to indicate that
a large movement would be probable on a lower price
basis, but a series of large auction sales of flannels and
blankets held in the closing week of the month showed
that even at prices fixed by themselves buyers were ex­
tremely cautious in their purchases. The tone of the
market at the close is dull and uncertain. Sellers main­
tain that prices even on present level are strongly con­
ducive to a policy of curtailment on the part of manu­
facturers ; buyers while not refusing to believe this act
as though a lower level were still probable. Meanwhile
sellers with stocks on hand are quite easy to deal with.
The print cloth market has sunk into a very dull con­

The above prices are—For cotton, low m iddling uplands at N ew Y or j
for printing cloths, manufacturers’ net prices; for standard slieetinj I
aud ginghams, agents’ prices, which are subject to an average d iscour jj
of 5 per cent; Southern sheetings n e t.

REVIEW OF PRICES IN APRIL—STOCK,
GOVERNMENT BONDS AND
FOREIGN EXCHANGE.
The following table shows the highest and lowe;
prices of railway and miscellaneous stocks at the N. l'l
Stock Exchange during the month of April, 1894.
R A IL R O A D AN D M ISCE LL AN EO U S STOCFJ3.

R a ilr o a d s .
Low .
A lbany & Susciueh... 176
Atchison Top. tteS.Fe.
13%
Atlantic & Pacific—
14
Baltimore & Ohio___
79
Balt. & Ohio S.W . Ry.
5
15
Pref., n e w .................
Buff. Roch. & P itts..
20
P referred ................
61
Burl. C. R . & N orth..
52
Canadian Pacific.......
67
Canada Southern.......
50%
4
Cedar Falls & M inn..
Centralor N .Jersey .. HOC*
Central Pacific...........
154
Che3.&0.,Yot.Tr.cert.
1818
Chicago & A lto n ....... 140
774
Chic. Burl. & Quincy.
Ohio. & East 111 , pref.
95 *a
Caic. Mil. <fe St. P aul.
61i«
P ref........................... 1193*
Ohio. <fe N orth w est... 107
P re l........... .............. 142
685s
Obie. & Rock Island..
Ohio.St P.M inn. & 0 .
38%
11413
P ref....................... .
Cl. Cin. Chic. <fc St. L.
3713
P r e f...........................
85^
Clev. & P ittsbu rg___ 154
Col. Hock. Yal. <&Tol.
174
R ights......................
4
Delaware A Hudson. 1373s
Del. Lack. & Western 16113
Dau. & Rio Grande...
104
313*
P re f..........................
Des M. & Ft. D od g e..
64
*Dul. .3. S. & A ..........
7
’“P re f........................
18
East Tennessee.........
4
2d asst, paid ..........
3
1st pref., 2d p a id ..
12
2d p r e f , 2d p a id ...
538
Evansv.
Terre H ..
67
Flint & Pere M arq..,
14
P ref..........................
4413
Great North’n, p ref.. X10413
Gr. B. W.&St.P.tr.rec,
6*3
Houston & Tex. Cen.
34
Illinois Central..........
934
Iowa Central..............
10
P ref..........................
35
Kan. & M ich..............
9
Kingston & Pern.......
2
Lake Erie <te W est’n ..
16
673*
P ref...........................
Lake Shore................. 128i€
Long Island................
834
Louisville A N ashv..
49i«
L. N. Alb.&C.newstk.
84
P re f..........................
3013
Lou. 8t. L & T ex ___
138
Manhattan consol—
125
M exican C entral.__
74
Michigan C en tral....
974
Minn./fc St. L.tr.rects.
ll^ a
Pref. trust receipts
34
Mo. Kan. & T e x a s ...
1413
P re f..........................
24%

Hiqh.
176
16
14
814
5
15%
2414
61
52
69is
52%
54
115
16b?
2014
140
8313
9 ,4
653*
121%
1101s
145
72%
413s
116
40%
85ie
154
2013
4
14413
167
11%
343s
7^8
8
19
4
44
13
74
69
16 34
4 4 13
106
7%
34
95
113*
394
91s
2
16 7s
70
13013
92
523a
9%
34%
138
1273s
84
984
1334

R a ilr o a d s .
Missouri P acific.........
Mobile & Ohio............
Morris & E ssex..........
Nash. Chatt. & St. L.
N. Y. Cent. A Hud. R .
tf. Y. Ohio. & St. Louis
1st pref....................
2d p ref.....................
N. Y. & H arlem ........
N. Y. Lack. & West’n
N. Y. Lake Erie 61 W.
P r e f..........................
N. Y. & N ew England
ST. Y. N. H. A H .........
N. Y. & North, p r e f..
N. Y. Ont. & W e st....
N. Y .P . & 0 .............
P ref..........................
N. Y. Susq. & W., ne\r
Pref. n e w ................
Norfolk & Southern.
Norf. & W estern.......
P re f..........................
Sorthern P acific.......
P r e f..........................
Oreg. Ry. & Nav.......
Oreg. Sh. L. & U. N ..
Peo. Dec. A E vansv.
Peoria & Eastern ...
Pliila. <fc Read...........
P. 0. C. A St. L ..........
P ref...........................
Pitts. Ft. W. & Chic.

m u,
2 8 4 32
18
20
152
156
74
74
6 8 4 101
1513 16
72
71
34
32
258
258
113
112
1 5 4 18
33 H 35
8% 12
193
189
6
6
15% 17
4
%
15
16
4 0 4 45
58
59
7
04
2134 26
4%
6
1 8 4 22
25
27
10
8
434
5
5
5
18% 22
1 3 13 15
47
53
152
152
143
143
27
29 j
130
laO
Low .

Pitts. & West, p ref...
Renss. & S aratoga...
Richm ond Term nai.
9:
7
3d assessnTt paid..
Pref., trust rects...
16% IS
Rome Water <fe O gd.. 1 1 0 4 111
St. L. A. & T. H ........
25% 35
4 7s
5
St. Louis Southw.......
P re f..........................
9 4 11
106
8t. Paul Minn. & Man. 103
27
St. Paul & D uluth___
26
95
P re f..........................
86
24
Southern Pacifio C o ..
204
24
*Texas C entral.........
24
Texas & Pacifio.........
8 4 1U
Tol. A nn A. <fe No. M.
8
U
T o'ed o & Ohio Cent..
364 361
Tol. Peo. & West.......
15
17
Union Pacifio............
18% 22
6
Union Pac. D. & G ...
5^3
8
Wabash........................
74
P re f..........................
1 6 4 18
12^3 13
Wheel. *&L. E rie.........
49
51
P ref..........................
8
Wisconsin Cent. C o..
74
E xpress,
152
Adam s......................... 151
Am erican.................... 1 1 1 4 11«
57
52
United States............
127
Wells, Fargo & Co___ 124

38 %
C o a l & m in in g ,
1658 American Coal..........
2718 Col. C. & I. Develop..

87
124

90
13

;t h e

JUT 3, 1894. J

Lot*. 'jBigh.

C o a l Sc W it t in g .
Col Fuel * b o a .......
Pref..........................
Co!, A Hock. C. A I ..

| P*ef— ............. .

V a r io u s ,
im. Cwton Oil Co—

...... .—

38

107%

88%
87
83

•liar. Val. O as..........
2ue»*e Gas Comp*y,
Lm
: * rip .. .
i1u.Jun.Ey A U.3.Y.
BiQUllldated Gas Co.
■Is. * Cat. Fired. Co.

■
:* m a Elec. III. C o ..

99

4lson El. (Bfciyn.i..

WestlUjfhouse Eieoi'c

104

1 0 4 % 14 0 %

The range of Government bonds sold at the Stock Exchange
bjlxgc

*109,770 *00,990.419 170.093,819'
9,307,584 330,306,9^0 339,673,504
140,000 5? .270,000. 57,410,000
11,700.958 141,0*0,114 152,813,078

REC A PITULA TIO N .
A p r il 30 ,

C la a a ite a U fin o f X h b t.

31,
18V4.

M a rch

1894.

In c r e a s e o r
D e c r e a se ,

“j
Intareat-baartiwSebt,................
J.Ot.in wHich Int. h-u ceased.
iH bl beartog oo Interest..........

«3S,04!,38O 00
1.8W.030 m
»0,9Sa,5e» «

- -

934,9111 USD Op
1.100,150 00
l.SOi.l20 2r
D. 8,09000
379.393,047 m , 1.1,000,531 SO

AKgregat*Gf Interest aud non*
laterertbM rtne d e b t . . . . . . . . . . 1,017,556,W W «8 .1.016,996.088 IS; 1.1,158.891
Certificate and note* offset by •
an equal amouat o f cash In;

619.^,7 5 06 814,627,010 00; I. 5,862.755

5c,
1904,

19 0 7 ,

eoup.

rea

e .m ,
reel-

eoup.

rea.

lie
11 0 %
118
11 9 %

•110
113%
11 4%
•90
11 4 %
•118%
‘ 90%
114%
•117%
111*
U J%
*90
114%
•118
113%
•00
« Price* b id —n o sals* d u rin g th e m on th .
.

Be,
e ’09.

6 s.

5s,
19 0 4 ,

•110
•111
•110
•no

• m
*113%
*113
•113

■The following highest and lowest prices are from actual
|tas at the New Yorfc Stock Exchange:
B a s e * o r *t a t *

so x xm i s

p osted

ra tes

fo r

6*) d a y *

..... ..................
....... . . .I . .
flleer-^rJolar*..................
...................

^ -:^M s67 ?>
r *4 loo
ir o ' l9a-457<3
Subsidiary coin ...... ................................ ........ ...
1 7 ^ , 1 1» W
B a r s . . . . . . . . . . . . ............................
. . . . I t 7, * b j 4 « 88- 511, 408,484 fQ

Paper-L***J^ M o d e r a t e * (eld imam .... ...
GotdUrtlfi«sa£«*.................... . ..................
Silvercertideaie* - ........ ........ ........
Currency oerttth r s t ----------National bank note#..

Other—Bond*, interest and coupon* paid, *w»U in # reim btt»e® en t*..............a . *..............
Minor coin and fractional OWroncr...................
Deposits la aatT M ak <Seooettarte«-«enT acc*»..

82u81.*^ ^

11,7^938

00

iOi.r.0 bd
oJimMi i»o
140.0 0 00
8,750,438 ih-

and

Lem. Stake
I B 1 tor
101
104
77 H 74
§# * » 60 %

%

i

d e m a n d s te r lin g

ihangi- in A pril are g iv e n b elow , it being undenrtood
it blinkers’ actu al rat-> are u su ally a fra ctio n b elow the

11.740 Mb «4

wxcbawo* t r m r m o

' Dm

so

\*9 *-\

< iT v *.

- -t"
. i f , . 4.m
+.4 *7% i 39
•tiww,■4 § 8
*.-{# i7Vft|4 fiD*%
.,4
i *9- % E#_ l4 m
.4* *7%IM4§#»% -117.,. i4 m
4 t#
*J4 >§?%-®*f4 *sD-%
. . 4 97*+* 4 m-H sl§.,. .4 3*1
m . . 4 *»8
.. " 4 S 7 V H 4 m - H
m* 4 ®
.J4 *7%-* * * 9 %

! * * . . . .....

*MH9

■24... 14 88

w. 4 *4

4 80%

2 3 ..

&49 4

4 98

DEMAND LIABILITIE S.
Cart; Ocatea o f deposit act J one 6 . 19?4 . . . . . . . . . . .

Treatsry um m m

..............» ........ .

f and ter redemp. o f encarrent t i l l %*s*k noted
Datsfandtsi*tmWi« and dm.fta.
.......

Dlab&rtllSjf oSNseft’

Omlmnom, A ....................

6eM r m

%

M en ey aeonitatid. Ac -*

Net cash;

m

m

57,4 o. c *0 00

lK£ut,d*fi o»- •;fi 19,989,795 CO
4?

851

tn.irjs

t.f

99 - • 45.739.079 m

. p p .„|I98,(M,098 00

A ^ /reea te.

. 125,097,7S5 m

........ ................ .....................................f 790.846/00
?m 10
10

010 i»
. 1-3,’ ¥7,,7m V3

» atk*> ro * i r t t t , 1894.

I . . !
tHJ
1
* 4dM S.
h -------- i------ -—
4 S^%
i2 5 a .* J 4 8-8
4 80%
^ 8 .w ..'4 88
s37wtt**,'4 W
4**10%’ * ftte.w J I. f t
4 80%
4 99%
3 0 . . . . 4 8 2-%
4 90%
4 84*%
O m o , i !«?%
4 8d %
flii|R.,-4 8 8 %
4 09%
jts>w.,-,4 8 7 %
4 ^ 0%
9 »-%
m nm nd,

[

89%
if%
89*%
80%

25

!Isi4.r€i«i4htC«mpd»w*.j Balaice
Infer«#i
Pnmtpai diCr^HW
Nmm
l
; Rp
' By rosA psp
I n l e r ’et
«h
*P
poid
by
#/ ItaUmpp*.
eswl
f potto lion j m*i*;8p,e, ! P*I4 bp
pet **M4. f*i V. 8,
Itisfedmino*.

I
Ce®. raclfie.
Can. PacttSdJ 6 ^ 60,000

4 83
4 CM>
,4 8 fl
8 9% -0 0

to

Bonos ISSUED in AID OP PACIFIC RAILROADS.

AM-

1

U
4
4
.4

danne the m onth.................................................. ...............

Unl'a Pa^fieltTJMJIS.

«

jcjooo;

4^4»f98«'
u .ir .o is

^SSIJW'

Can, Br. UJ* ,U06#9Oj
w##>. Pamfie IMBIM

99,411;' M09*7O»!

Nosjt C * P.

BMB6I i*496,U9f

t

«J96,7d7J

$17*1*08 99*780^161]
1* 8,
1M,D*S0
16*100, m f
544,780 <3.118,856

*2*k !
*is.s*s!

t
?2.105.19I

............ MM.327
«3»%le»7,t00,«»7

393,ft1«!

=

1

,719 08

oo
Oeldeenificaiea.................... ............................
4iItercerUBoste*
....... .
test,« :s.mm oo

‘ Ic e s posted.

. w a s a r rr*»L.-*o

91385*018 74

50

l.mwS 29
1790,0-24,(910 10

Lave. m&h,

daily

6* l.*8U»S,l8a is! i.s,&2i,©?6

a p r il

tOO »* UJ&M 8 a 2 0 -4 0 4% *, 1933
Tct»n n ew settle, 6 s.
163
103
9%
90%
54. .......................
S'# ewes -.**„».**, ...
V
a
M ,4 -M . 2 -3 4 .1 9 9 1
3%
3%
1 2 2 % 122H
0m drfmrmi *»**.#*■*
§4
f|«L tr» Pte, w%*4..
2
2%

»:>a-na. C U «s A. ..
1A-*- E ................ .. .
fiMiAa* 0on*4R. 4*.
>-r|* C«#bltaA—
umMrtAl tux. c Ia *# 2,
*
f €A.r. ct*>tt-fujB4.8«.

e e r t i 6 e « t e » a n d .... ,

CASH IN T H E T R EA SU R Y ,
........ . . . . I I 16,475.990 18
80ld~O>ln.....A ,..,,...* .........

or ooraanMEtT bosom ts april .

4s.
1907,

a t.
rea.

f

Amount
Issued.

i
*—
s®
*
o

,

fh e

In the
In
Treasury. Circulation

* #ffY«get# o f debt, tnclndln#

1 i A p ril w a s as f o l l o w s :

P*0*«

rreasarjr notes o f i860.......... ..................

the Treaewr-.......

• U n listed .

I

!

told certificates............. ........................... ..j

20

5%
4%
15
17%
1 6 % 17%
82 % 86
171% 174
84
04
9%
10%
60% 09%
43
38%
91%
8 4 % 85%
78
78

P acific M ail.................
94% •Pi pe Lina T ru s t........
99% 102% Pullm an P a la ce C a r.
1 5 % 13% 8U ver B u llion C e r t-.
61% 8«% Tex. P ar. L au d T ru st
•IS. S. Leather pref..
1-35 1*30
98
97% V, 8. R u b b er Co.......
P r e f.................. .
134% 140
W estern U nion T e l..
23
28

Claastfcatim of CerLi.icat.ti and Notes.

52

20

Oregon Improv't Co.

97 %
S9

0aaTCFIC4TES AND NOTE^ ISSUED ON DEPOSITS OP COIN A N D
LEGAL-TENDER NOTES AND PURCHASES o r SILV E R BULLION.

4%

47

l - t p r e !..................
2d p r e f ................ . . .
North A m erica n C o ..

759

30%

3%

Keely Mot »r..............

71%
40

S9

P ee!.......................

moh.

1 8 0 lB %
P r e f .........................
70
73
50
50
22
18
8%
8% *L. L T raction..........
■j.Metro. Traction....... 117 117
8% 11
54,
a i toll.- Peninsular, pf.
310
310
54H
2%
2% Sat. Cord, all aas’t l>d 21% 21%
44
Pnrf„ all * M 't p d ..
4a%
1-50 1 50
30% 423s
16
•National Lead C o ...
20
b3% 88%
"P ref.........................
71
71
20
22
Xational Xdnseed—
10%
8
29% 32 % N a tion a l S t a r c h ____
72%
38

ikawalean Dlst. Tel
Atc-dugar R edo. Co.
* p » f ........................
!timer. T e l Jt Cable.. .
Aiaer. Tobacco C o ..

371.

14% - Laclede Gas. 8t. L ...

111

Irt-o....... .
Sew C n M Coal___
■Ontario s u r e r ..........
Pennsylvania C oal..
H w ln r
............
Standard Mining-—
rasa. Coat A I r o n ....

iOiC.

G en era l E le c tr ic ------In terior C on. A In s..

6- \ ^ %

.H«tu**ake — .......

: Pref—

V a r la m ,

is « v s »7 %

c h r o n ic l e .

*,W7; l.»W .n!7

........ .

3,900,335

............ . | gS17<.!*5#
M 08 AJ0 7 * 58 i .#08

NT.f T E H E X T A P H I L 30, 1891.

Clparlnri by Telegraph.—Sale* o f Slock*, Bond*. £ c .
—Stock Exchange Clearing lioose Transaction*.—The
*: tea p u b li c d e b t a n d o f th e c a s h in t h e T r e a s u r y at subjoined statement covering the cl. a ingx for the cur­
rent week iusually appears on tb»? first page of the Chron­
A c lo s e o f b u s in e s s A p r i l 3 0 , 1 8 0 4 :
icle, hut on account of the length of the other tables
is crowded out once a month. The figures are received
UrrSHEOT-BEARiNO OS8T.
by telegraph from vhn leading cities, rt will be observed
that as compared with the corresponding w e e k of 1803
itnfr*t
A iMitkl
A m #*in< o
W* » / t©«*»w
p#t 'id:
D#^4,
there i» a decrease in the aggregate of 311 tier cent.
So far aa tlw individual cities are concerned New York exhib­
1ftiftebmMl-: Coupm- i
TWel.
its a falling olt of 37-9 per cent and the losses at other
• *% *« Le*n. 1*1
latnosd st » p. t Q.-M .
*960.000.000 |W **|1»
.... . m M tM K punts are, Boston 19 3 per cent, Philadelphia 221 tier cent,
W *1 lL ee*..lsv t
j
«**,*%i.t> r ro ja w o o SW.«I«,960 Chicago 17-9 per cent. New Orleans 16'3 per cent. St, Louis
kto'V sC w tiavs. q .—j.
♦o.oit.Tse
..........
»>•«> 15-4 per cent and Baltimore 8-4 per cent.
tk-fta'-tf (S"H......
SO/MlMO 2’ ,754.10c - . L V ^ d
'he f o llo w in g is th e o ffic ia l s t a t e m e n t o f th e U n it e d

j—---- ---- ----

■m nu
w»■®«Y* p»ft KR
• » T 08

- -

l.-»o.«*t.-vie tm , to7.*tso

I I T T S B I S T H AS C SA SC D S lltC S M A T U R IT Y .

w h ic h

___

#M

» 4,

nf

« V « r t * 31.

A p ril 91.

] * - m m m m S B m ptm ab m r f , i m i .. t&ttMtto m
• * * «* )««
prior m J m n *

nits'*'*?
bt,
Hta«f U
f£4»flt»
of 4®
d«nf.

w m km tsm

to JfawaiBrf 1, i&SJ

■ M i. <t. 4»®4 or
t«r«9t tKU
..... -...... : - *
........... »

»*,

r a g « oq
^

m

oo

t

fURt..wo as

BURT BXA&tSO SO ISXKiUSST
....

Wm
—«hH
..........
.........................
»M
«4»*....................................

,.«a4«T<!.1lll to

‘-••^1*1 S»n %SOfjiP* ; '
.G«#|

MOeV
IHl.,»,* .............. .
__________ _
M kM4 or 4««tro)rt4

•S e « M « i t S e a t M

o

^

o t.«A * rx o ».
A* Ttiep rep h .

B etum ,

«>

itjtinjm 4*

*.» I n t v M t ........................................... iasO.*SS.S<!» «

Wiek IMftta May 6.
1804.

S ew Y o r k .. ... ...----B osto n .,......................

*451.024,231!

PWleiJelpMa ....__

1868.

Per C e n t .

8 L L o n l * .. .., ..
S a w Orleans ..........................

5,V2«3.nS3
11.77S.0S2
B7.M4.434
2O.3S0.838
9.740.84!}

*7*7.121.037
08.818 078
68,950,847
12,581,913
107.084,858
24.016,978
8,089.058

—37-0
-1 9 -8
- 2 2 -T
-6 -4
-1 7 -P
-1 5 -4
-I S * »

8*T8B olt)e», 5 i l a j , ........
Other cities, 5 clsys...............

*700,*88,010
147.918.384

*1.044,159,074
172.218,481

-3 2 1
-2 5 T

T otal nil em eu, 5
AU cities, i a * f ......................

*837,287.204
H0.108.387

*1,216, *78.935
287,890,051

- 3 1 "A
-4 7 T

*977,394,441

*1,484,088,388

-3 4 1

B altim ore...________

CWea«o-~----- .....

Total nil cities fo r week

n .m .srn

..iviiwur ueinueu statement or
,
, .............
transaction* on the various N’ew York Exchanges, baa also

760

THE CHRONICLE.

fVOL. LVII1.

been crowded off of the first page. The results for the four the banks of Bombay and Bengal both raised their rate of
discount to 9 per cent thi3 week. Silver early in the week
mouths of the current year - e . however, e tv e o ^ lo w a _d fo
was in good demand and rose to over 29d. per ounce ; but on
Wednesday and Thursday it fell back again to 28%d.
Four Months. 1393.
Four Months, 1894.
Business on the Stock Exchange is very quiet. Investment
l
o
e
r
a
A
ctu
a
t
P a r V alue
A v er 'y e
A ctu a l
D e s c r ip tio n . F a r V a lue
P rice
V a lu e.
is still upon a large scale, but it is running almost entirely on
P r ic e . o r Q u a n tity .
o r Q u n n titi
V a lu e.
the very best securities. Consols are nearly % per cent over
077
6S-1 j 93109.931.85' 1210312875**
Stock } fS
i*
L
i^mSSto!
par. British railway, debenture and guaranteed stocks are
lU7.907.te0 770
182.100
72*9
K H . bond*. |1-.K.(»-.*0| IM.828.250
*09.01 1 1 '9
12 ;4. >00
G oto b o n d .
I1 IW .4 0 '
* * ' & * ’ ' 127-7
correspondingly high. So are Indian eteiling and colonial
$007,738 7V5
f 1.')“ ').400
40 6
S tate bond* 1 »4,«S0.ock>:
185
1
*55o.‘2»5
f 3 U.04 >
— Bank stocks,
|2u3.0o0i
*3Jo.3dO J6V2
government stocks. British railway ordinary s'oeks, too,
I3261.752.9J0 *222U07,301j 08 2
after a few weeks of quiet, are again ^advancing. But the
T o t a l ... 117523 5S” 0'sl0l293O.703 5J-5
13,50 <,455 62 4 52.
6.578.000
f2 i OOOl
22IU.447 81 2-3c.
P etT m .b b ls
*8
78
speculative departments are exceedingly quiet. The feeling
19.10b 8
1? Oo.tOt-* JIOl.Kol.SSl »-8 '83
Cotton..bit-.
473,077.167 *856.0 9,510 7 5 X j
G ra in .bosh. 185,2110,127 t3(W.8j7,7. 2 O lo-lU c
here is still very hopeful, but there is a fear all the same that
*3415,377210
•
I , , S-.5 3 '329.5^
o1
the attempts of the silver party to pas3 some silver measure, i
The transactions of the Stock Exchange Clearing-House and the long delay in arriving at a conclusion regarding the
from April 23. down to and including Friday, M av4 alsc.the tariff, may continue depression in the United States fora
aggregates lor January to April, inclusive, in li>91 and 1893
considerable time. Therefore there is very little inclination
are given in tabular form below.
to deal. But there is a fair investment d-mand for good
STOCK EXCHANGE CLEARING HODSE TRANSACTIONS
bonds.
The end of the revolt in Brazil has caused an advance
,------- Balances, one side.-------- Sheets
. - Shares, both sides.in Brazilian securities of all kinds ; there is, however, little
Cleared. Total Value. Shares. Value Snares. Oish.Clear'd
Month —
addition to business. The news from Argentina is di.-quieting,
6.839
3.000.000 210.7*00.000 3,300*00
6,151
J a n ., 1893. 28,544,500 2.064,709.000
2 .^ 7 .010
172.701.000 3.529.0 m)
The
7 u* » and the premium on gold has risen to 262 per cent.
F e b . 1 *9 8 . 26.108,''On l,744,«00.n00
2 7<M,8"0 107,900. "00 3.781.100
J.601*,00)4,000
24,
i
.
v
«1,100
M ar.. 18 3.
6.005
2*311,> 00 153.300.000 2.331,000
1 4 . 1.300.000
intJligence
from
Chili,
too,
is
unfavorable.
In
Paris
the
Apr , lbW3 . 20800 i 00 6..'20.4
26.0,5
10.603.000
7O4.601.0J0
12
911,000
09.000
4 mos.... 9^.047.000
6.80) attention o f the market is for the time being altogethei
13*4.001
69.10J.0J0 2,041."00
5.598
Jan.. 1894 . 18,:-0».•00 1.0*8,600,006
1.036.400
50.2
0,01)0
1,306,900
7-4,8«*0,‘ 00
6.5 si absorbed by the new City of Palis loan.
F©b.. 1894 . l*,HlT,cO0
Almost everythinf !
1.452.100
81.30 », >0) l.*2«.7)>
Mar.. 1894. 14.9li.0fK) 1.076.44 1,"0)
0.401
1 M.-O0
77,200.000 1. •l y.900
H 6.700,000
A p r . 180 *. 14,.28.000 3.818
25
11)
else is neglected.in consequence of the temporary dearness o
5
225.800
2U.30J.000
6.785.500
5A1.J00
4 inus.... 62.85 i.M >
money, Tne ciisis in Spain is 1 ecoming more intense, and ii
/------- Balances, one side.-------- - Sheets
i— Shores, both sides
Shares. Value Shares. Cash.Clear’ d. cau-ing a good deal of apprehersion both in L onion and irCleaved, lolal Value.
8>
74,800 4.000,000 65,500 332 Paris. Nothing has yet been done in Italy, and the outlool j
Apr. 2 3 .. 8 6 0 .7 0 0 4 3 . 100 ,00 0
67.2 JO 3,60 J,0JO 61.300 305
“ 24
7 0 7 ,2 0 0 4 1 , 1 00,000
69.500
3,5 IU.000 6 >,500 323 is gloomy. The new Bourse tax has been pissed by th(!
«< 2 5
7 9 8 .1 0 0 4 4 .0 0 0 ,0 0 0
55.100 3.600,000 4s, 500 295 G> iman Parliament, and has checked business for the timi j
« og ' 5 *>3,600 1- 3 .0 0 0 ,0 0 0
52.100
3,900,000 53.000 285
«. 2 7 l". 5 o4 .’ 0 0 3 7 , 9 0 0 ,0 0 0
being. Still, the feeling both in Germany and in Austria-Hun
318.700
18,000,000
311,800 1.510
Tot. wk. .3,473,100 214.400,000
gary is very confident, and the leading bankers predict tha
476,900
3l.LO
O
.O
O
O
417,100
1,262
Wklastjr4,tl7.300 313,000,000
ба,
0004,<00,000135.800308 before lorg there will be a marked increase in business.
Apr.30.. 88’ ,600 61,200,010
The revenue returns, the railway traffic returns and th.
65,800 4.6,0.000 90.300 310
May 1.. 9 18, 00 71,300,000 6
7,300 4,500,000 63,7'0 305 Clearing-House returns all go to show that trade at home i
•• 2 72-,400 50,00(1,0 0
бб.
4
iO
S.'OO.
j
O
O
6
',900
3
5
•• s' 722,-00 43,-00.000
83,100 4,600.000 82.800 _
304
steadilv improving. For the week ended Wednesday nigh
_
« 4 " 8-5.C00 50,600,000
T it. wk. 4,(.76,500 276.600,000 319,500 21,800.000 433.500 1,532 the total clearings at the London Clearing-House exceedei
WklastyrS,916,800 571,000,000 980,900 57,410,0001369,600 1,743 .52% millions sterling against a liitle over 141% million
The stocks cleared now are American Cotton Oil common, steiling in the corresponding week of last year. There is n
American Sugar common, Atchison, Chicago Burlington & speculation; the progress is gradual, and it is all the mor
Quincy, Chicago Uas, Chicago Milwaukee <£ St. Baul com ­ satisfactory on that account.
mon, Chicago & Northwestern, common, Chicago Rock Island
On Monday evening the Chancellor of the Exchequer intre
& Pacific, Delaware Lackawanna & Western, Distil ling &
Cattle Feeding, General Electric, Lake Suoie & Michigan duced the Budget, which had been looked forward to wit
Southern, Louisville & Nashville, Manhattan, Missouri unusual interest, because it was known that the deficit l
Pacific, New York Central, New York & New England, New would have to cover is larger than for a great many yea
York Lake Erie & Western, Northern Pacific preferred,
National Lead common, PbiladelDliia & Reading, Union Pa­ past. He estimates the revenue, on the exisling basis
taxation, at a little under 91 millions sterling, and the expei
cific and Western Union.
diture at almost 95% millions sterling, showing an estimate
deficit of, in round figures, 4% millions sterling. But he r
g tX o u c ta v u s (C o n x m c v c ia lg u 3 lis I x | J c x D S
duces this sum by £3,123,000 by withdrawing funds now all
catedto the redemption of loans raised under the Imperial ax
l From our own oorresponaent. j
the Naval Defense acts, and applying in their place the Ne
L ondon, Saturday, April 21, 1894.
Sinking Fund. The deficit to be covered by fresa taxation
The moiiey market has become quite ea6y. The rate of
thus reduced to £2,379,000. A million of this he provides 1 ,
discount in the open market is barely 1 per cent, and short
a reform of the death duties. There are five of such duti
loans have been made at from % to 1 per cent. The proba­
at present. The Chanceller of the Exchequer proposes on
bility is that there will be a farther decline, for the market
t w o in future—an estate duty levied at the same rate up
bas now paid off its wh ale debt to the Bank of Eagland, and
both personal and real property, and a legacy and success!]
as the Government has redeemed a million sterling of
duty also levied at the same rate ou all kiud3 of tropert
treasury bills, which were mainly held in the open market,
The first duty is taken from the whole body of the ests the tupply there has been increased. The Bank is exceedingly
without reference to its destination ; the second duty is feci
strong. The coin and bullion amount to almost £3L,430,000.
upon those who share in the property.
The reserve is over 2 % indiums sterling, being 63% per cent
The estate duty is to be graduated. Very small properties w
o f the liabilities, and gold is still coming in. There have
pay less than tney do at present; moderate properties will p
been a few withdrawals for Paris, but they are now at an
the same ; but after £ 25,000 the rates are raised gradual!
ocd . The applications for .the new City of Paris loan are so
Every addition of £25,000 is to pay % per cent more up
large that they have locked up for the moment very much
£100,000 ; then the s ime rate of increase up to £150,000 ; tb
money and the rate of interest has risen to 7 par cent and in
up to £250,000; then up to £ 501,000; then up tu a millL
some cases even to 10 per cent. But that is a mere temporary
sterling: and all properties over a million sterling are to I
flurry. As soon as the deposits are paid out again ease will
8 per cent. The Chancellor of the Exchequer alsa add>
return. The likelihood, indeed, is that all over Europe we shall
penny to the income tax ; but he makes allowances to D
have a loDg peiiod of very cheap money.
owners of real estate because of the fresh burdens imposed t
The India Council has again been fairly successful this
them by the death duties. And he also gives relief to i •
week in the sale of its drafts. On Wednesday it offered, as
recipients of incomes under £500 a year, the result being t p
usual, 50 lakhs of rupees and sold the whole amount, nearly
out of the million and three-quarters sterling which the ac ­
all in telegraphic tiansfers, the prices varying fromls. 1 19-32d.
tional penny ought to yield, only £331,000 will be receiver 6
to Is. l% d. per rupee. These are somewhat lower prices than
the present year. The deficit is thus reduced to a Utttleo
a week ago, and the tendency is steadily downwards. Prob
a million sterling, and this sum he gets by adding 6d.
ably there would be a sharp fall only that the accumulation
gallon to the duty ou spirits and 6d. per bsrrel to the duty
o f money in the Presidency Treasuries keeps the Indian
beer. The whole deficit is thus o r ered, and an estimi
monev market very bare of supplies, in consequence of which

THE CHRONICLE,

Ma y 5. 1894 |

surplus is secured o f £291,000. U p on the w h ole the B u d get
has been v* ry w ell receiv ed . There is n o dou b t, h ow ev er,
that the debates w ill be protracted, and on m an y poin ts there
w ill be stu b b orn opposition . B ut the general im pression is
that the B u d get w ill pass.
The fo llo w in g retu rn sh ow s the p osition o f th e B a n * o f
E ngland, the B&nk rate o f d iscou n t, th e p r ice o f con sols. & c,,
com pared w ith th e la st th ree y ea rs:
ISM.
April IB.

1893.
April 10.

A

£

S4.SSS.303 M.IM.fiS
8 .W H 0
*313.924
28.51,1.71* u sm i.-m
0,379,028 1L908.1IH
21.841,420 24.304 511
O ther secu rities..................... .
X3.33-.073 16,770,355
t* o f notes and oota.
Cota a hull .on, both 'leparvm'U 9MWJ574 85.8-S.790
P »p . reserve toH»MUUe*,.p. c.
83!*
t 8t f

*

ls»l.
April 11

S

OMeuUt.'OO............. ............
Pudtc deposits............... .
Other inpernm----OoT«mmeot securities......

Bsakrsie..... ............^W M St.

IS6S.
April 20.

£

45.7*5.150 24 5)8.513
5.9*1.711
83=8 965
30.it3.TU aSW 787
Xi.23fl#»X 11.:'.C,'.5
a4.9-0.S94 a0.0S0.445
15,09.1.
I3.7o4.738
24.400.133 21.203.233
*2 5 10
3044

2.4

2.4

Oonsols, m per cent................ .
100%
»
Cleans* lloase returns... .. . . . . . 152.543.000 144.040,000

*K

9*5 5-ia
0813-1*
8SM»3.<KO 1812.44,510

T h e fo llo w in g show s the im ports o f cereal p rod u ce in to the
United K in g d o m du rin g the th irty-th ree w eeks o f the season
com pared w ith previou s seasons:
import*
1894-91.
1898-93
1893-94.
1891-92
Imports ofw beat.cw A 36,9 48,604 38,904.249 43.197,024 35,4X5,552
Barley........................... 21.630,113 11.530,326 13.869,075 1 3 .6 )6 351
7,703.4<-2
3.46 4,592
3.521,43 7
Gate.............................. 8.230.801
Po mo.............................
........... ............
1.712.343
1.712,313
1,403,421
1,9*9,906 1.24-'.72*
Beans.........................
2.-37.190
8,270.125
.......................... 3,537,999
3,537.999
1,806,465
Indian. corn
..................20.9P6.5S9
20.596.513 18.*09,958 17.564.943 17,1*4.904
corn...............
F loor.............................
12.144,161 13.397,134 12.923.933 10.536.978
O'lT........................... 12,144.161

Supplies available for consumption (exclusive o f stocks on
September 1):
1893-94.
1892-93.
1891-92
W h eat...™ ....«< n»rt.3tS .9i8,«0i 38.404.248 43.197.02t
Import#Of flour.......... 12,144,181 13,397,138 12,923,9*3
Sate* o f hom e-grow n.15,714.042 17,833,919 21,450,483

1890-91.
34.41.5,552
li»..V .-.j7 6
23,763.670

Total..................... 01,807,407 70.035,301 77,371,473
1*93.
1*92-3.
1801-2.
Aver, price wheat W M k.2ts. 7<t
2 t«. lOd,
30*. 74.
Average price, se a s o n .. 28», id,
26*. 94.
35*. 3 L

71,747,206
1890-1.
39* 0 1 .
32s 111.

' ■ The fo llo w in g show s th e quantities o f w h ea t, flou r and
oiaize afloat to th e U nited K in g d o m :
Wheat.................. <jr».

n u t m xk.

tout* w**k.

3,241,000 3.2o3,)X0

Floor, ennal to qr».
Malt#.................... or*

338.000
521,000

360,000
3*2,000

1883
3,184.000
339.000
427,000

1992
2.610,000
372.100

807.C00

English I'liuiiirlaJ 8 ir k « i * » P * r Cable.
The daily closin g quotation* fo r *./cun U c), & e „ at London
are reported by ca b le as fo llo w s fo r the week ending May X :
gat.

BCWltalie.ni W.8% pet

ft

6o

for atajoont..

gflMMUso P a o la o .......... < e l %
jgate. W L A St- P a u l.... . 62*,

■■M S
Wkm - .

Mem.

29
! 29
lo o t ,* lo o k !
100 k,
99 95
p

rai.. . . . . . . .

.................
LootarlllsA 5'Mhvtlle
'itodeon < eotral *s ..

S ia m

». T. Cent rai ,* Hudson

X t l s t t E r i - S F a r t loi &
do
24 w m ...........
tortolh* W o r n . p r e t »
•arthsra Paclrto pref. . 19 i*
31*»
'hlL. k Rea,!., per
JaiOfi Paulflo . . . . .
lu q
'Fabssh p t e f........ .
; 17

m i
131V*
50 s
58%
101%
16%
19%
51%
9%
IW<*
17>«

Tuet.

**%■
r* ur'
29%
29%
29
100% t o o * .« 100%
100% 100%
100%
00-32% 100*20
03-17%
WB«w

j , ............ H O L ID A Y , -------- -

London.

Wivsr.per o».

B9%
01
95
132
M%
57
102%
16
79

sts
95
133
50%
56%
104
16
79

19%
51%
9
19%
17%

19%
51%
8%
19%
17%

6 -%
63%
96%
133
49%
10t’ »
78**
18%
51%
itt
17%

rom mcvcuiiautl B U sccU aiico u s B ctu s
a n d E x p e n d i t d r e s . — Through the
of the Treasury, we arc enabled to
dace before our reader* today the details o f Govern rnsnt
rceipt* am i d isb u r se m e n ts f o r th e m o n t h o f A p r il. From
•reviou# returns we obtain the figure* for previous months
nu in that manner complete the statement for the ten
aontha of the fiscal years
and 1893-98.
*sc«rrs (000* omitted*.

Go v e r n m e n t R e v e n u e
ioutUsv of the Secretary

761 1
disbursements

ilfw.. u,m \
1st*.-. I w jm
dt*, 4 Iit
I msml.
I mm
n,m\
lCJwr
11.1

1892-93.

1893-9i.
Ordi­
nary.
Inly....
itlK ...
leD t....
D ot.....
No t ,. .,
D e c ....
Ian......
F e b ....
BurchApril...

PenHam .

V. 8 k .

In R e d 'p
ter a t . F u n d .

i
f
17.791 14,758
U.26r
•31,641!
U ,4 M
10.787
16,667 10,3iO
m.ctss 12,:43»:‘
16,0*2 13,773
16.15: 8.W6
14,931 11,541'
18,180 13,374
16,345 16,152

*
7,127
397
198
2.582
2.909
231
7,157
260
218
5,570

T o ta l .

t
418
29!
220
496
1,382
S69
1,178
1,057
1,103
1,21«

1*7 11M

$£JK-':

Ou*~

f
*
40,094 15,051
17,632
88,5tM
25,698 15.291
SO.O^ j 14,353
32,684 | 15,844
30,995 t 18,SSL
33,488 18,209
27,883 ; 17,050
32,877 ’ 17,113
88,3'9 j 15,'*71

w jm
2 f t M7v\ t54Il»

u jttl

312 j 1.141 30,010

1
14,235
13,478
12,034
11.68S
13.432
14,953
13.0SS
13,4®
13,8*0
12,873

»
«
*
7,048
915 37,249
33*1
641 33,081
217
725 38,9X7
5,153
693 31,881
365 1.108 30,749
275
818 34,428
7,10 i
902 39,
32=!
811 31,878
079
740 82,371
5,(66
532 33,771

ti*3 87'

?.*S5 0X2,377

B o s e s H e l d b t N a t i o n a l B a s k s . — T h e fo l l o w i n g in te r e s t­
in g sta te m e n t, furnished by th e C o m p t r o lle r o f th e C u r r e n c y ,
d io w s th e a m o u n t o f e a c h c la s s o f b o n d s h e ld a g a in s t n a tio n a l
b a n k c ir c u la tio n a n d t o s e c u r e p u b lic m o n e y s in n a tio n a l b a n k
d ep osita ries o n A p r il 80.
V. 8 . Bondt Held A pril 3 0 .1 8 9 4 ,1o S e c u r e Ottcriplion o f Bond*.

Public Deposit*
in Banks,

B ank
Circulation.

Total Held.

5 po-< cents.......................

$1,195,000
1,013,000
13,078,000
400,000

$15,480,000
22.589,600
159,599,200
3,662,450

*16,675.000
23,601,600
171,877,200
4,062.450

T otal........... ................

*14,686,000

*201.3,10.250

$216,016,250

I m p o r t s a n d K xpdRTS f o r t h e W e e k .— T h e fo llo w in g a r e
the im ports at N ew Y o r k fo r the w eek en d in g f o r d r y g o o d
A pril 28 and for the w e e k en d in g fo r gen eral m erchan dise
A pril 27: also totals sin ce the begin n in g o f the first week in
Janu aiy.
FOREIGN IMPORTS AT NEW TURK.
For ITrcA,

1891.

1892.

1893.

1894,

$1-569,14 1
8,0o3,26a

$1,847,603
11.653.874

$ 1 ,8 5 ',5 1 0
8,379,888

*1,870,801
8,921,942

T ota l........ .
$9,632,410
BinmJan. 1.
Dry S e e d s....... ♦4S.906.65I
(ien'l uter\il»i<. 13s.057.3iO

$13,501,677

$10,235,398

*10,598,743

*45.784,350
146,430.471

$55,484,263
172,358,801

*31.318,721
116,463,011

Dry (le o il* .....
Sen 1 m er'dU e.

Total 17 week*. $184,564,031 * 1 9 L 2 W .«2 4 *227,843.064 $148,211,732

The imports of dry goods for one week later wili be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign porta for the
week ending May 1 and from January 1 to date :
SXrOKT* FRO* NEW TURK FOE THE WEEK.

For the week..
Prev. reported.

1891.

1892.

1893.

1884.

!8,9f>WHtj
1 0 »,e«2 ,«8 5

$0,878,312
12:*,323,263

$4,691,213
103,658,274

$6,112,041
117.2W4.6oS

Total 17 week*. 1 116.601,881 i* 138.203,575 ♦110,219.487 $123,380,646

The following table shows the export* and imports of specie
port of New York for the week ending April 28 and since
January 1, 1821, and for the corresponding periods in 1893

at t h e

EXTORT* AND IMPORT* OT SPECIE AT NEW YORK.

Cold.
treat B ritain............
France..___. . . . . . . . . .
Germ any....................
Went Inil leu...............
M ex ico........................
South Am erica..........
All oth ercoa n trie*..
Total 1894..........
Total 1893..........
Total 1882..........

n*.fp. Miwfi Total* Great Britain...........
Stnm\
F rance. . . . . . . . . . ___
Germany.
«
“ V |
* i %
West Indies...............
m m U^ieel S57 2.244 84^71 M
exico............ .........
m jm u jm l
. • 1,141 f 34,083 South A m erica___. . .
i$ M I 4 $
8*2 31*641 All other enuntriea..
i-i, mi- MB
&LS3A
Total 1804..........
14.SWP in/mt
m' 1.0*1 m jm
Total 1 8 9 3 .......
mm® UM n im
U
’ .rm
’tv**#! 1609,
M«,7, SW1»j m m i

torn*.

X .B k I n ­ R e d 'p .
lo to L
terest Fund,

Pen­
s io n s .

n ary.

1inport,.

Mxport*.
Week.

Since Jan. 1.

Week.

*1,200,000

*1.335.300
5,700.000

*270,620

180.900
41,205
81,900

6,670.064
45.205
247,985
598,285

36.000
2.027
10.3.12
6,510

*1,513.905 $17,586,030
3,890,530, 51.002,1.52
5,313 083 20.158,403
E xport,.
Week.

m *fi( tom, j
i Fund &**€*»'
I— .-------t
♦ I $
I
U£B8j mol J.7TJ $ iM 5jt
%mI x.un{ MMW
tu rn
*M\ 54«! *M80
w sm tjSffl1 fin
IZAri
urn &jtm\'
1U4I
f *74*; %0-m
MM %m\ mm m j m '

! O r d i­

lb too#. 167.2*7 »17.305

Silver.
j Qm* \

(OOOs omitted.)

Since Jan. 1.

Week.
*9,850

80,585
23.275
262,800
34,837

2,000
$* 8
30
1,500

$065,413 $12.67:1.8-1
474,350
9,147,81$
“ 3 ' (1,773
482 **fU

2.106,659
161,321
575,662
17.500
2-15,174
17,553

*315.489 *4,930,103
19,712
.5,002,407
15.708
5,017,618
lotporu.

MUPft (mn m o n#m uqa
201^000

68,110
11,403

S in eeJ a n .l.

$14,018
2 1 .0 0 1
l.» 3 >

Since Jan. 1,
$4,0&8
19,71®
1,009»
129,035
104,755
225,469
20,510
$505,155
1,714,197
400,887

Of the above imports for the week in 180-1 $8,877 were
2*5! ija»; 34,438 Americin gold com and $1,04 ) American silver coin. Of the
MM* £iw*‘; m jm
exports during the same time $1,232,500 were American gold
'.*i- 14 A*r*I l.ktKs coin.

r

THE CHRONICLE.

762

VOL. LVII1.
III.

^ a u M

n g

a n a

J ft a a a c ia l.

D istribution

of

N ew Securities .

The foregoing P lan if carried into effect w ill result in the following
distribution o f securities:
1. New 5 per cent m ortgage bonds............................................ $17,500,000
S E W Y O R K & N E W E X G L 4 N D R A IL R O A D
a. R eserved for present firsts..................................... 10,000,000
COM PANY.
5. Offered to holders o f second m ortgage b o n d s ... 3,375,000
c. H eld subject to disposition by the Committee
or the reorganized Company, available for
PLAN OF REORGANIZATION.
purposes o f the reorganization and for pay­
m ent or reduction o f the Company’ s debts or
PRESEN T SITUATION.
obligations, and fo r additions or betterments
to its property..........................
4,125,000
The R ailroad Company lias outstanding:
2. Preferred stock 5 p er cent non-cum ulative........................ 5,000.000
1. First m ortgage bonds—
a. Offered to holders o f preferred stock
a. Seven per ce n t.......................................... $6,000,000
fo r eash..................................................$954,000
5. Six per c e n t ............................................ 4,000,000
A n d on their paym ent thereof in ex­
$10,000,000
change fo r xiresent holdings..............3,816.000
2. Second m ortgage bonds (six per c e n t )................................ 5,000,000
-------------- 4,770,000
3. Terminal bonds (four per cen t)....... ..................................... 1,500,000
o. Subject to disposition by the Committee or the
4. Preferred stock (seven per cent cum ulative).................... 3,816,000
reorganized Company and available fo r the
5. Common stock (about).................................................... ........ 20,000,000
purposes aforesaid.................................................
230,000
3. Common stock ..............................................................
20,000,000
6.
Equipment bonds, notes and other obligations, contract and other
Offered to present stockholders share fo r share
liabilities to a large amount which it is desirable to pay, adjust or p ro­
on th e n paying in cash 20 per cent of p ar
vide for.
about....................................
20,000,000
PLA N OF REORGANIZATION.
B
y
.the
agreement
o
f
reorganization,
to
w
hich
security
holders
be.
I.
com e parties b y depositing their securities as herein provided, the
A new railroad Company is to be created and Invested with the title
Committee is given fu ll p ow er and d iscretion to determ ine and arrange
t o the railroad and other property, and, so far as possible, with the
the details o f the reorganization and in carryin g the same in to effect,
franchises o f the present Company, or an existing company or com­
and fo r any purpose or purposes o f the reorganization or for the
panies. or charters, or both, will be m ade use of. The term “ newCom ­
benefit o f the Company or its p rop erty, as they in their discretion m ay
pany,” as hereinafter used, is intended to mean whatever comjiany
see fit, to use and dispose o f the cash contributed b y the shareholders,
m ay finally be utilized to issue the new securities provided for in this
the n ew five per cent bonds n ot otherw ise appropriated or taken and
Plan.
the new stock, preferred and com m on, not required fo r exchange for
The new Company w ill create, and, as required, issue, the follow ing
or to retire any outstanding stock or not taken or used for that pur­
securities, to w it :
pose.
1.
Its fifty-year gold bonds o f $1,000 each, bearing interest at the
IV .
rate of five per cent, and secured to be paid, by a mortgage or deed o f
Subject to extension b y the Committee the holders o f second m ortgage
trust, which, upon the satisfaction o f existing liens, will become a first bonds and of preferred and com m on stock m ust deposit the same on or
lien upon all the new Company’s p roperty, rights and franchises, and before M ay 20th, 1894, with the Manhattan Trust Company, N ew York
which shall contain such provisions fo r the protection and security of City or the Old Colony Trust Company, Boston, receiving therefor
the holders o f the said bonds as e umsel shall advise.
negotiable reorganization certificates o f deposit.
The said bonds w ill be lim ited in principal to $17,500,000.
The cash to be contributed by the preferred stockholders is payable
:2. Five per cent non-cum ulative preferred stock, $5,000,000.
to one o f said Trust Companies, as fo llo w s : Six and one-quarter dol­
3 . Common stock, $20,000,000.
lars p e r share at the time o f depositing said stock on or before H a y 20th,
T h e new shares w ill be o f the par value o f $100 each.
z#Q4, and the rem ainder in instalm ents o f not exceeding six and one-

II.

The holders o f the bonds and stock o f the present Company who b e­
c o m e parties to the reorganization and perform the obligations thereof
w ill be entitled to receive bonds or stock o f the new Company upon
the follow in g basis and conditions, to w it:
1. A s to F irst M ortgage B onds :
O f the said new five per cent bonds there w ill be reserved to ex ­
change for or retire present first m ortgage bonds, $10,000,000.
The Committee m ay in tlieir discretion extend the first mortgage
bonds at a lower rate o f interest than they n ow bear, or take up the
sam e or any part o f them, using fo r the purpose the new five per cent
bonds (namely, the said $10,000,000 reserved for the purpose and any
others not specifically appropriated), or cash, or both, or they may leave
said first m ortgage bonds undisturbed.
2. As to Second M ortgage B onds :
Holders o f second m ortgage bonds are offered., in exchange fo r each
each bond with all overdue coupons attached four hundred and twenty
four dollars ($424) in eash (being forty per cent o f the amount due
thereon August 1st, 1894), and six-hundred and seventy-five dollars
<$675) in said new five per cent bonds, at par.
Interest to be adjusted as o f August 1st, 1894.
3. As to T erminal B onds :
These w ill be left undisturbed.
4. A s to Preferred Stock :
Holders o f preferred stock are offered the right tolpurchase new pre­
ferred stock to an am ount equal to twenty-five per cent o f their h old ­
ings at the p rice o f par, or $100 per share, payable as hereinafter
stated.
Those who so purchase and p ay for new preferred stock w ill be en­
titled to receive in exchange for their present holdings new preferred
stock at the rate o f share fo r share.
In other words, each holder o f preferred stock who contributes $25
per share thereon will be entitled to receive in exchange therefor $125
per share in new preferred stock.
5. A s to Common Stock :
Holders o f common stock are offered the right to purchase an equal
amount o f new comm on stock at the price o f $20 per share, payable as
hereinafter stated.
In other words, each holder o f com m on stock who pays thereon the
sum o f $20 per share w ill be entitled to receive in exchange therefor
new com m on stock at the rate o f share fo r share.
6. Equipm ent bonds or notes, m ortgage and contract liabilities, and
other debts o f or claims against the Company, arc to be paid, pur­
chased, settled, com prom ised or left undisturbed, as the Committee in
their discretion deem advisable.
7. The Committee is given full pow er to readjust the terms o f the
leases and trackage contracts hold by the R ailroad Company, and deal
with the same and the railroads operated thereunder, and the securities
representing the same, as the best interests o f the parties to the reor­
ganization seem to them to demand.

quarter dollars each on the call o f the Committee, at intervals o f not less
than thirty days, and on not less than ten days’ notice in each case.
The eash to be contributed b y the holders o f the com m on stock is
payable to one of said Trust Companies as fo llo w s: Five dollars p er
share on the deposit o f the said stock on or before H a y 20th, iSqt, the re­
m ainder in instalments o f not exceeding five dollars each, on the call
o f the Committee, at intervals o f not less than thirty days, and on not
less than ten days’ notice in each case.

V.
The depositing security holders who p a y their respective subscrip­
tions as herein provided w ill be entitled to receive new securities on
the com pletion o f the reorganization and the surrender o f their respec­
tive reorganization certificates.

N ew Y ork , }
B oston,

/ A pril 28 ,189 4.

)

To the Holders o f Ilo)ids and Stock o f the
Hew York £ Hew England Railroad Company :

I.
A t the m eeting in M arch the undersigned Comm ittee submitted a
statement based upon an exam ination m ade b y its experts and the
officials o f the Company, which showed that, to p ut the finances o f the
Company on a sound and stable basis, restore its property to good con­
dition and m ake provision fo r developing its business, there should be
provided in cash or m arketable bonds, to be used as occasion should
require, nearly $6,750,000.
This am ount w as m ade up o f :
1. The Company’ s indebtedness at the date o f said
statement fo r interest, n otes payable, contraet li­
abilities and floating debt..........................................$3,532,990 57 a
This included, besides taxes, interest and unsecured
floating d ebt:
Notes p ayable................................................$675,000 00
Equipm ent contracts................................... 503,381 03
Piper’ s W harf................................................ 200,000 00
M ortgage n otes............................................. 91,300 00
2. General M anager’s requirem ents................................
900,000 00
Including—F or steel ra ils.......................... $250,000 00
F or new equipm ent.......... 500,000 00
3. E ngineer's requirem ents:
F or repairs on bridges - - - ...........................................
100,000 00
F or elim ination of grade crossings, & c..................
341,334 00 6
F o r necessary im provem ents.................................... -1,872,485 00 e
On the Com pany’ s books there appear against this indebtedness
“ available assets” aggregating over $2,000,000. The Committee^
how ever, do not deem it prudent to reduce the requirements by
the am ount o f these assets. A s they stand on the books they in­
clude $750,000 o f P rovidence & Springfield first mortgage
bonds pledged to the C ompany, which, in the opinion of the Co nr-

763

THE CHRONICLE.

Ma y 5, 18&4.J

m u m . should he reserved to h e used o n ly tor necessary im prove­ under the Plan, without delay, w ith either the M anhattan Trust Com­
ments at P rovidence, and on that division o l the road, for which pany, in New York, or the Old Colony Trust Company, in Boston.
R espectfully,
other provision ha* n o t been made. O f the remainder o f such
JOHN I. WATERBTJRY,
assets a large p rop ortion lias B itie o r no value, and w ill probably >
H E N R Y IV. CANNON,
never be realized upon, o r if at aQ after the lapse o f years. The
T. JEFFERSON C 00L 1D G E , JH„
remainder is no more than should be provided a »w ork tog capitalCommittee.
S o t included in this amount are several items not strictly Ualiil"
itles, am ong them R iehanison’ s W harf <-5300,0001. fo r which iu
reorganizins the Company provision should be m ade either In
City Railroad Securities—B rokers’ Q uotation s.
m oney o r bonds so that the Company m ay take them up when­
Bid. Ask.
BUI. Ask.
ever desired.
to, This estim ate does not include cost o f change o f grades lu the C ity A lla n . Ave., B'klyn—
D. D.E, B. A B arr—Stk.. 120 125
o f B oston, nor at any points e x cep t those at which early action
1st. gold, 5s, 19J3..JA 0 105
t o e . is.
1P3I...AA O -.......
S crip..................... ......... 98
Oon. M. is, 1909... AdiO 100
seem , necessary.
93 Vj Eighth Avenue—Stock___2*0
Inipt.5-, g.. I95H...Jd J A
c . It Is to t«s understood that n ot all the Items eonsU cutlng this total, Biro*. St- A Ful. P .-Ssk. ***** 30
Scrip Bs. 1»14............... 100
s
*2,1 A 6r- St. F er.-Stuck 295
1st mart,, 7s, 1900 J A J \ w m
w hich c o v e r, im provem ents at many point* along nearly the
B'wav -V 7th Are. -stock . I S3 iitT " *2.1 St.* Mau.<fc SCN-Av. *0
w hole length o f the road, w ill regains an immediate expenditure,
Ist mort. 6s. 1910..MAS lit) 112
1st It®!-!.. 5s, 1904 .J AD iiU
57
2 d m a r t incom e f js .J A J -----2d mort , J-. 191 4,.J A-J 103
although. the Engineer insists, in hi* detailed statement furnished,
B. W. St. * P, Fer,—Stk. 200
B’wuv 1st. as, guar 1924 im
the Com m ittee, that they arc necessary to he p rovided for in the
1st more, 7s, lS94..I«feJ 100
•A! 5«. tnt- as rent’i.laO j 100
i -'sort Traction...... IS®, 191*
Consol 5s. 1M 3....JA J ltUS im j
com paratively early future.
Met ropoUcau Traction....: 118 ^
Preoklyu City—New -t k . 174 ia t
Since the m eeting la Match, in the natural eonr*»* o f business many
Ninth Avenue.................. 122
Consol. S-, 1941 . f.v l 10H u o
.... Second A venue—S to c k ... 180 135
B'klyn Cro-sra Ss.ltfdS. 105
o f the Item* m aking o p the ab ove total have change I
......
1stmorn, 5 1 9 0 9 .MAS 102
Brooklyn Traction...........
-creased an d others having diminished, but tor ail the purpose* o f re­ Central ero-«tow n—S tk .. u T
Sixth A venu e-S tock....... 1190 200**
Tithe Avenue.................. 175 177
ist mart., 8s. 1922. MAN 115
organization the total estim ate m ay be accepted a* substantially
S.t r-i-t-t.. - . 1IU 7 , . ) * J l i t !
U7"a
Cen. Pk. S.& K .H u .-s tk 14g ____
■correct.
Consol. 7s, Hhi2. ..J .tft
, Twenty-Third S t -S to c k . 2P0
.
HO
The Comm ittee believes that to be strand *m l perm anent a roorganU* Christ'P’r * sothst,—Stk. 135
1st more. 1K98----- AAO 103
a tloa o f this Com pany m ust n ot only p rov id e for the Item* covered by
•And Interest.
tbe above estimate, which may be termed the immediate requirem ent!
-of the com p an y, and the further requirement* In the w ay o f teiproveN. V. and Brooklyn Gas S itu rities—Brokers’ Quotations.
mc.oU to the property and the elim ination o f grade t r » - i K < , which
m ay be reasonably anticipated wltiita the n ext few years, but should
OAS COMPANIES.
Bid. Ask.
O A8 COMPANIES.
Bid. Ask.
a lt o leave the Com pany «o *tren* in it* credit and the resource, o f It*
.110 .u -T Metropolitan (B rooklyn).'133 u o
treasury a* to iaoore It. i f wisely managed, against financial embarrae#- Bnwkiyn Gas-Light.
'
'
1*1
Ceouai ........... ............. 105 ......... WtUliunsburg.................
xueat A reorganization w ould be o f little avail which pat the Com ­ tin sro .- Hr,- A lya > ............. .. 80
Hoods. 6* .................... 102
Pulton Municipal........... HO i i * r
pany tem porarily upon It* feet, hot left it without the means, especially Jersey city A It., ..**■>.. 1 . . .
M e u e tw d K s u -B -O M s ........ 108 ..............
B o n d * .* .!* ...................... U
Im portant in the caws o f this Com pany, to m aintain am i d evelop it* M u t u a l,N . V ....................... 147
147 TOO
E,|aottstilo..
m
130
\% ib o "
Ns—iu iBrooklyn.!.
i Brooklyn-......... loO ..... .
N»**sa
Roods, ds.
100
business and protect generally the Interests o f Its security holders.
8 UunU.nl p r e f .........
75
Th® C om m ute- toss aimed to devise a p lan w hich w ould secure these Proplr » t-Breoklyu"
Cmmmm,..,...........
¥ *
results, within the corporate power* o f the present Com pany, increasing
A u ctio n S a le s ,— Am ong: oth e r securities the fo llo w in g , n o t
th e amount o f neither Its bond* nor Its stock beyond it* conceded legal
right, in order that, If accepted by the bon d and stockholder-, the r«- reguU rly dealt in at the B oard, w ere recen tly sold a t a u c t io n :
-organl/atloe m ight be earned into effect without a foreclosure or addi­
By Hewers, R. V , H arnett & C o ,:
tion al legislation.
Sham .
I
Bonds,
i $1,000 Cert, surplus Reiusur1 A m rr.M ii Casualty Ins.
A s e e . C«. o f Baltim ore. #5 I anc-e Fund o f A m erican
II.
'■t-'Tirn Holler Ins. C o .......... $7
c k IN. Y.I Elec. Light
The Committee tu sftbt thought It advisable M present to offer d.-fl. 100 SklaBower
Co ............... 21
9HMHJ0 City o f Richm ond 4-,
Cite term* to the holders o f first m ortgage boosts, but reserve* th e
3 0 R ta a d srd O s . L C o. p r e f. 7 3 Q
l i r a s ............................................... 9 3 >a
50 flank o f New T *rk .......... S t#
$2,000 1.1 A Mo. Rtv. Ry. Co.
eight to deal with this question as later developm ent* may determ ine,
10 India Wharf Brewing Co. 105
Ist 7 k,19O0, FA A .................. 1104s
■with due regard to th* Interest* o f other holders o f bonds and stock.
# 3 tnMP-8ttte G roov'd Plae$00,000 CUT. Climit. Clap A
l» r Slab M fg. Co .............. 10
C k lc R r. C o. 1st 8 » ...............
3
111.
#73.000 T.-V Nubilji, Vtti. *
* 10 T tu v b cr Car A Coastrue*
N.
'.V.
HR.
H
t
5s.
193$,
tto
o
C
»
...................................
1
0
It: deaiUMt with .the wreood m ortgage bonds the C om m ittee h*s resseg»
JAJ ........................................... 5
• I n 4 the fa ct (b a t a •-onsMerable proportion o f them Sms been die*
posed to insist
either the fall amount due upou their bonds or the
B y Messrs. A d ria n H . M uller & Son :
en forcem ent o f their m ortgage serortty.
ShnrtM,
Sharer.
Is. n, .srljr all the tHwa-rwi* railw ay reortputlxauoes in this rottatry
27 Lloyd's Plate Ola#* tn10 Consol. Fire Work# Co.
saranve
C
o.......................240
o
f
A
m
erica
p r e f .......... 25%
tanior bond* as * e il as stock have beet: called upon to w a k e sons*
Manat.
lO O a te < tty Nat. Hack of
#»■ rid- <•o r .'on.-cssi-.u s aw l In this raae it did hot seem to the Centraithen
Tt- larkan s. Ark ........... 150
$2,000 Jeff. Mad. A Ind's RR.
th a t the stokholitors should b e called upon to raise In cash, to addition
1st 7s. lltOti, * A O ............1 1 5
8 American E x. N a t Uank.150
l * Oermao Am*r. flank___U M t #5,000 i lly of IjouU y . 7 s, rtto the amount o f the Company's requirements, e sum sHfflrlrnt to pey
tsonStruct, fit s . 1903. J A J .1 2 0 7#
80 l» t h Ward Bank o f ff. Y .I33
•off the second m ortgage hoods, principal and interest, to money.
100 Clinton Bank. ................. to o
$.'.0oo Milwaukee at, lit . 5#,
On the other hand, it has been made apparent to the Committee that 1250 T rort Gold Mining Co.,
30 vi.ar c.m *„ 1920. J A D .. 65
#10 e a c h ,................... #75 lot
#0.000 The Monk Tuscaloosa
tovtty holders o f second m ortgage bonds regard their security as am­
3 0 Consol, Fire Works Co.
A Mem. Ry. Co. 1st Us. 1929,
p le, s a d would be content to take the property fo r the debt.
uf A m erica..... ................. 15
#150 lot
A ccordingly, the com m ittee has sought to offer the saeond mortgage
#2.000 R ahway c ity , N. J.,
10 Globe Fire In*. CO______ 75
*«, water bonds, 1932, J A J,
I Blooming Orove Park
f iondhotrler* such term* m w ould require o f them no savriflr-e o r c o o
A ssocia tion ............... .#78 lot
83 A t o L
«s»-s*ioa. an I y et not to fall too heavily upon the stockholders.
100 Indianapolis GiM C *....... 133>»
Tlj* new boads, which are offered tor sixty t*-r cent o f the amounts
slue tbeut, can hardly fall to have such a market value that those who
— A tten tion La called to the ca rd o f W in , D. B arbour & C o ,,
a ccep t the offer wilt ultim ately receive at least par and Interest fo r
on the first page o f the C h r o n i c l e . Mr. B arbour was an a ctiv e
their present bonds.

partner in th e firm s o f G old . B arbour & S w ord s a n d G o ld ,
B arbour & C orn in g , fo r w h o m Mr. N ew com b,, was cashier
It Win tic seen that having to deal with the second m ortgage bon ds and con fid ential clerk . Mr. B illings i» a son o f the late
in this spirit, and has tog to provide so large a fund for present and Frederick B illings. Besides d oin g a general Stock E x ch a n g e
future requirement*, the Comm ittee could not avoid an assessment buxine--i. the firm intends to m ake a sp ecia lty o f in vestm ent
u p on the stock. I s view o f the restriction* upon th* Com pany's securities.
p o s e to ereeie bonds and stock. 1* was not posslide to vise cither to
—Messrs. R ed m on d , K e rr & C o . o ffe r a t 09L; a n d interest
the holder* o f com m on atock for the assessment thereon.
C h ica go * Eastern Illin ois R .R . Co, live per cen t bonds. T he
There will be to hand for the purpose* o f reurgantxatiou or the now earnings o f this road are reported as sufficient to p a y ch a rges
Com pany to accordance with the agreement. If the plan be accepted by and six j>er cen t on n early $-*),000,000 preferred stock ,
IV .

the security holder*, resource* as follow s;
( ash provided by the S tockholder*.............. .. ....* 1 .9 5 1 ,0 0 0
li- -.aired fo r the »eoon d M ortgage R on d *........... 2,120,000
------- --------- *2,$34,000
K * » S Pm C ent R ond* av a ila b le .__________ ____ $7,500,000
B eqaired for Second Mortgage B on d s................... 3.373,000
4,125,000

— M e w s . K in gsley & Mahon offe r? 139,000 M ontana C entral
R ailroad Co. six per ce n t first m ortga ge g o ld bonds, See ad­
vertising colu m n s.

S a m u e l D. D a v is & Go.
BANKERS,
NO

Total in Cash ami B o n d * ...,......................................... ...........#0.959.000

4 0 W A L L S T ., I fB W V O I I K .

C in s . B. V a n N o s t r a n d ,

S a m te l D. D a v is ,
There will also be available tor the reorganization, or left to the
C om pany's treasury, *230.000 par value In the new Preferred Stock.
In the Company -! treasury also will be *750,000 in note* o f the
Providence a Springfield Railroad Company, secured by an equal
am ount o f Its First M ortgage Bonds.
In view o f the early m aturity o f both tie- first and second mortgages.
** well » g for other obvious reasons, holders o f second mortgage
bonds and o f stock, preferred and cotnmon, should deposit the same

S pencer
10

W ALL

T

rask

BANKKBS,

&

Co.,

STREET.
*
’
NEW Y O B K .
S tn to an d J a m e s S tr e e ts , A lb a n y .
Bund* Mad 8to Jk* Bought and Sold on Commission. IJasler* la State, City a n *
Railroad Roads, Corretpoadeoce tovued,

THE CHRONICLE.

764
% \xt

b a n k e r s ' d & a e tie .
D I V I D E N D S .
When

N am e of Com pany.

P a y a b le .

R a ilr o a d s .
C bi. A A lto n , p r e f & co in .(q u a r .)
C iu. Sand. A c l e v e , p r e f .............
K .C .S t.L .A i In ,prt*f p uar. (quar.)
M a n ch e ste r A L a w ren ce ...............
N ashu a A L o w e ll..............................
P e n n s y lv a n ia ................... . ..............
S y ra cu se HI up: & N. Y . (q u u r .)..
M ig c c llu iic o u * .
A m e rica n c o t t o n 0 4 , p i e f ...........
C olu m bian E x p o s it io n ...................
E rie T elep . A T e le p . (q u a r .)..........
M ooh an ical R u b ber, p r e f.............

2
3
l 1*
5
4*2
381
2
3
LO
1
4

Juno
[M ay
[W ay
I.May
M ay
[M ay
M ay

1
1
1
1
1
31

'J u n e
June
[M ay
M ay

1
15
20
21

B o o k s C lo s e d .
( D a y 8 in c lu siv e .)

________ to
------------ to
------------ to
------------ to
------------ to
------------ 10
to

VM a y 16
~

to
------------ to
------------ to
M ay 13 to

[V ol. LYH1.

The exports o f gold are attributed mainly to the withdrawal
of foreign capital from this market simply from lack of any
profitable use for it at the present low rates for money. Gold
shipments, including to-morrow’s engagements, amount to
$5,250,000 of which $500,000 from Boston.
To-day actual rates of exchange were as follow s: Bankers’
sixty days sterling, 4 87%@4 87%; demand, 4 88%@4 89;
cables, 4 89@4 89%.
Posted rates of leading bankers are as follows :
May 4.
Prim e b an k ers’ sterlin g b ills o n L o n d o n ..
P rim e c o m m e r c ia l........................................
D ocu m en tary c o m m e rcia l..............................
P aris ban kers (fr a n c s )......................................
A m sterdam (gu ilders) b a n k e rs ....................
F ra n k fort or B re m e n (re io a m a rk s)b ’ nkers

S ix ty D a y s.

4
4
4
5

88 ® 4 9 8 %
8 6 % ® 4 87
86*2 # 4 8 6%

16%

Dem and.

4 89*23)4 9 0

16145 155s®5 15

40% ® 40%
943g » 9 4 *2

I 4 0 ? mt>40%
|94% ® 94%

The following were the rates of domestic exchange oa bew
York at the under-mentioned cities to-day: Savannah, buying
W A L L S T R E E T , F R ID A Y , M A Y 4, 1 S 9 4 -5 P. M
par, selling yz premium; Charles non, buying par, selling
The Money Market and Financial Situation.—There has premium; New Orleans, bank $1*50 premium; commer­
been very little encouraging in this week’s markets. The chief cial $JL*00 premium; Chicago, 10c. per $1,000 premium: St.
Louis par.
activity at the Stock Board is in Sugar, that great “ industrial”—
United States Bonds.—Quotations are as follows:
and in the absence of any annual report of the company, and
with the assistance of daily dispatches from the United
In t e r e st A p r .
M ay
A p r.
M ay
M ay
M ay
States Senate, a field is here presented for the operations
P e r io d s
k8.
30.
1.
2.
3.
4.
o f insiders which seems to be unequaled in any other
Q.-Mch. * 961, * 96 * 96 * 96 * 96
*96
Q..-Jan . H 3 7s *113% *113% *113% 114 *113%
1907.
specialty.
*114
.c o u p . Q .-J a n . *114
*114
*114
1907..
*114
*114
The railroad reorganizations are nearly all prejudiced hv
Q.-Feh. *118 *118 *118 *118 *118 *118
1 9 0 4 ..
co
u
p
.
119%
*
x
l
l
8
Q
.-F
e
b
.
*118
*118
*119
14
1
18
%
the small earnings of the respective roads. During the winter
*103
*103 *103% *103
- r eg. J . A J. *103
*103
months little was to be expected, and with the depression in
-.r eg. j . & j . *106 *106 *106 *106 *106 *106
*108 *108
- . r eg. j . & j . *108
*108
*108
*108
trade and the wretchedly low prices for grain we can hardly
*110 *110 *110
~ r eg. j . & j . *110
*110
*110
..r e g . j . & j . *113 *113 *113 *113
*113
*113
look for great improvement with the opening of spring, but
T h is is tn e p r ic e Did a t cu e m o r n in g b o a r d ; n o s a t e w a s m aae.
the railroad managers are practicing the closest econ­
Coins.—Following are current quotations in gold for coins:
omy and everything is being done to keep the prop­
F in e s ilv e r b a r s .. — 6 3 % v® — 6 4 %
o vereig n s............ $ 4 87 3>$4 9 0
erties in snug shape.
Suppose it be granted that SNapoleons............
F iv e fr a n c s ............ — 9 0 ® — 95
3 88 ® 3 95
many of the railroads will probably lose so heavily on X X Iie ic lim a ik s 4 75 ® 4 85 M e x ica n d o lla r s .. — 5L*a® — 52*©
25 P e se ta s............ 4 80 ® 4 9 0
D o u u c o u T c ia l..-------® — —
their net earnings for some months to come that they will Span. D o u b lo o n s .15 6 0 ® 1 5 8 0 P e ru v ia n sols . . . . — 51 ® — 52
M
ex.
l)o
u
b
lo
o
u
s
-1
5
60
®
1
5
8
0
E
n
g lis h s ilv e r ____ 4 8 0 ® 4 90
barely earn interest on their first mortgage liens, do twelve F in e g o ld b a r s .... p a r ® % p r e m . U.S.
tra d e d o lla rs — 5 5 ® — 65
months meagre earnings form a fair basis on which to re-cast
United States Sub-Treasury.—The follow ing table shows
and reduce the charges on 100-year bonds ? It may be neces receipts and payments at the Sub-Treasury.
sarv in some cases to change positive fixed charges into
B a la n c e s.
obligations to pay interest if earned, but in some shape or D a t e . R e c e i p t * .
P a ym e n ts.
C o in .
C o i n C e r t ’s. C u r r e n c y .
other holders of bonds should retain their lien on future income.
$
$
$
$
$
On May 1 it was just six months since the silver-repeal
A p r. 28
1 ,9 0 4,33 1
2 ,3 0 6,61 3 1 02 ,70 9 ,8 9 9
9 6 5 ,0 6 4 4 8 ,4 9 0 ,1 1 6
bill became a law. These months covered the dull season of
64 9 ,60 f 4 7 ,7 1 7 ,6 3 4
“ 30
1 ,8 4 3,92 0
2,933,331 1 0 2 ,7 0 8 ,4 2 7
6 8 4 ,3 0 2 4 6 ,5 7 7 ,1 5 8
3 ,7 9 0 ,9 7 2 102 ,84 1 ,4 8 9
,8 1 8 ,2 5
winter when out-door enterprises were suspended, and also M “a y 21 42 ,007,208
2 ,6 1 3 ,6 6 3 1 0 2 ,37 2 ,9 4 8
8 2 9 .5 5 9 4 8 ,2 9 3 ,9 8 6
“
3
2 ,2 9 7 ,3 3 7
2,4 5 4,04 1 1 0 1 ,4 4 5 ,2 9 7
8 03,931 4 9 ,0 9 0 ,5 6 2
the “ dismal season” in Washington when the important
2,4 .d ,565 ^ 99,051,028
“
4
2,7 5 3,70 4
9 6 2 ,7 o 0 5 1 ,6 1 5 ,1 7 1
tariff bill was under discussion without a ray of light as to its
15,5
24
,7
5
2
T
o
ta
l
1
6
,5
0
3
,1
8
5
possible outcome, thus putting a check on all mercantile
transactions. Considering these unfavorable circumstances,
State and Railroad Bonds.—The sales of State bonds at
it is not at all remarkable that business has not made more the Board include $36,000 of the Va. 2-3s of 1991 at 60-60%; $2,000
rapid strides towards recovery, and it is rather extraordinary 6s defd. tr. rec., stp’d, at 8%; $18,000 Term, settlt. 3s at 78%@
78% and $3,000 at 77%; $25,000 S. C. 6s, nou-fundable, at 2-r
that there have not in fact been more failures than there have $10,003 La. consol. 4s at 96%.
been. Except for the confidence engendered by the repeal of
Railroad bonds have been dull, with prices generally de­
the silver law, there is no doubt that disasters would have pressed on the list of popular bonds. Philadelphia & Read­
ings have been foremost in the decline, owing to the threat­
been multiplied a hundred fold.
ening of foreclosure proceedings by two committees and the
The open market rates for call loans during the week on possibility that holders of the income bonds may have to
stock and bond collaterals have ranged from 1 to 1% per cent, raise money to protect their interests. The prices close at
the average being a little over 1 per cent. To-day rates on 30% for the 1st pref., 20% for the 2d and 15% for the 3d.
call were 1 per cent. Prime commercial paper quoted at 2% Atchison bonds have been easier, in sympathy with the de­
cline in stock; Northern Pacifies remain low on very small
to 3% per cent.
transactions, but without any new facts bearing on their
The Bank of England weekly statement on Thursday values.
showed an increase in bullion of £101,913 and the percentage
Railroad and Miscellaneous Stocks.—The stook market
o f reserve to liabilities was 63'32, against 65'75 last week; the has been generally dull, with large movements in only a few
discount rate remains unchanged at 2 p. c. Bank of France specialties, such as American Sugar, Lead, Chicago Gas and
shows increase of 16,900,000 francs gold and 2,500,000 silver. Reading. The Sugar stock has again been the leader in point
of activity, and it seems to be an open secret that during the
The New York City Clearing-House banks in their statement whole tariff agitation, or at least since the bill went to the
of April 28 showed an increase in the reserve held of $2,488,600 Senate, the great trading in this “ industrial” has been on
and a surplus over the required reserve of $83,417,950, against points from Washington. Sugar closes at 109%, against 101%
last week. Lead, after selling considerably around 40, closes
$82,008,025 the previous week.
at 41, against 38 lost week, and American Tobacco, not
much affected by the Chicago suit against the company as a
1 894.
D i f f e r e n ’s f r orti
1893.
1892.
monopoly, closes at 86%, against 85. Chicago Gas holds
A p r . 27.
P r e v . w eek.
A p r . 29.
A p r . 30.
up well against the legal attack and closes at 65%, against
$
$
$
$
63%. Railroads have been very dull; the net earnings of the
C a p ita l................... 5 9 ,9 2 2 ,7 0 0
6 0 ,4 2 2 ,7 0 0 6 0 ,3 7 2 ,7 0 0
S u r p lu s ................. 7 0,6 9 0 ,6 0 0
7 0 ,1 8 3 ,3 0 0 6 6,7 0 1 ,4 0 0 grangers are kept up fairly by their prodigious economy of
expenditures, but the anthracite coal roads have been losing
L o a n s d cd isc’ n ts. 4 6 0 ,9 0 2 ,3 0 0 I n e .1 ,8 3 2 ,9 0 0 4 2 5 ,9 9 0 ,8 0 0 4 9 3 ,0 7 8 ,2 0 0
C ireu la tion . . . .
10.1 59 ,8 0 0 D ec, 5 1 3 ,5 0 0
5 ,6 2 6 ,7 0 0
quite heavily. Philadelphia & Reading stock has been prom­
5 ,7 0 5 ,9 0 0
N et d e p o sits ........ 5 7 3 ,8 5 3 .8 0 0 I n c .4 ,3 1 4 ,7 0 0 4 3 2 ,2 2 4 ,6 0 0 5 3 5 .7 7 8 .0 0 0
inent for its weakness, owing to the threats of foreclosure and
S p e c ie .................... 9 9 .4 6 ',3 0 0 I n c . 5 4 6 ,6 0 0 70,7.»2,400 1 0 5 .4 8 6 .0 0 0
the consequent fear of an assessment on the stock. Northern
L e g a l te n d e rs ___ 127 ,41 4 ,1 0 0 I n c . 1 ,9 4 2 ,0 0 0 4 9 ,6 0 9 ,9 0 0 4 5 ,4 9 4 ,8 0 0
Pacific preferred is also weaker on the prospects of foreclosure.
E e s e r v e h e ld ....... 2 2 6 ,8 8 1 ,4 0 0 In o .2 ,4 8 8 ,6 0 0 120 ,21 2 ,3 0 0 1 5 3 ,9 -0 ,8 0 0
Atchison has declined similarly on rumors of an assessment
L e g a l reset v e ___ I 4 3 ,i6 ^ ,4 5 0 I n c . 1 ,078,675 1 0 8 ,05 6 ,1 5 0 133 ,91 4 ,5 0 0
on the stock as a part of the reorganization plan; New York
S u rp lu s re serv e 8 3,4 1 7 ,9 5 0 I n e .1,4 0 9,92 5 1 2 ,1 5 6 ,1 5 0 2 0 ,0 3 6 ,3 0 0
& New England is also down with the assessment prospect
Foreign Exchange.—The rates for exchange have been ahead, and it is evident that the stockholders of the insolvent
railroads are now coming face to face with the inevitable re­
very strong the past few days, owing to a better demand, sults of the running up of floating debts in past years and the
while there was only the usual small supply of bills offering. consequent receiverships.

THE CHRONICLE.

Mat S, 1894.1

765

■VEW YORK STOCK EXCHANGE—ACTIVE STOCKS fo r week ending M A Y 4 , and since JAN. I , 189 4 .
H IGH EST AND LOWEST PRICES.
Saturday,
April 28.

Monday,
A pril 30.

Tuesday,
May 1.

Wednesday,! Thursday,
M ay 2.
May 3.

Friday,
May 4.

STOCKS.

A c tiv e R R , S to c k s .
12=8 Atchison Topeka & Santa F e.
l=s Atlantic & Pacific...................
76 Baltimore & O h io ............ .
67 V Canadian Pacific.................... .
60 V Canada Southern ................
.09% Central of New J e r s e y ..........
18%iChesapeake & O.. vot. tr. cert.
.40
79=8 CMeago Burlington A- (Juinoy

14
14
1 3 ’ a 14
9 ,
lf? 8 I f . i 1773 13=8 12
2
1%
2
*1%
*1%
2
*1%
1%
1=8 1=8
1=8
*75 % i
•7.7% 77%
77
77 : 77
77 ■ *70% 77
70
67
67
*66% m
*«6<fl 68% ’ 07
67% *66% (17V. *00%
50% 50%
51
51 I *51
51% *51
S it.
51
51%
50%
111 111 *110% 113
11081U
110% 110% 110 110
lo y
18*4 18%
18% 18’ s
18% 18%
18 >s 18%
18% 1-'% 18%
*131 142
139 240 •138 142 *138 142 *138 142
110
74% TO
7 7 Ts 79%
78% 80%! 79% 80%
7.8*1 SO
78%
‘ 50% 55 ! ....................: ........
•93
90%; ....................i . . . .
61% 61% 61% 62%
62% 63% ' 62% 63
61% 62% 61% 62 ^
119% 119 v- *119% 120% •119% I2ijv. 120 120% 1 2 0 t3 l.0 % *119% 120%
107% 107% 107% 109
108% 109
108% 109
108% 108% 108% 108%
143 143 *14 1 ......... 112 142 '141% 143% *142 143 *142 143
69
69
6*% 69% 69% 09%
69% 09%
09% 69% 69% 09 V
3 h % 34% 39
*33
*39
39*4 39
39 i 38% 38%
35% 38%
*115 116 *115 110
115 115 *115 116
116 l i e " *115
.16
38% 38%! y 97s Si)
37% 38% 38
377, 38 % 38% 38%
38
*87% 9o
*87% 00
00% 90% *87% 90
*8 7 % Do
*88
90
18%
*17% 18
17% 17%
17% 17% *17=1 18%
13% 18% *13
138% 138% 138% 139
138% 133% 133% 138% 137% 138%
161
I "
160% 162
160% 103 *160 161% 160% 100%
'1 0 % 11% *10% 11%
*31% 32%
31% 31-\ * 3 1 % .......
32
32%
31% 31%
4%
*4%
4%
*4%
*4%
5
15
*11
*11
15
*11
15
*11
15
*11
14
*6%
*0%
7%
*6%
7
6%
6%
*8%
7%
*65
70
*60
70
*60
70
*60
70
*60
67
*102 106
101% 104 %' *104 105
104 101 '*101 100
•93
94
*94
94
*92% 93% *92% 94
94
01
*9% 10%
10
2o%
iu % io % : i o % io %
io % n
33 % 34% *11 i
35
35
30 | 35% 33%
30% 3 i%
*16
16% *18
16% •10% 16%: *15% 15% *16% 10%
68% 60
xQh
69
m
60
"6 % 64% *67% *}<H
128% 127% 129% 1284* 129% 120% 123% 129% 129 129%
*01
93
nn
91
91
91 j *90
92%
91
91
49% 40 %' 49% 50%: SO
5 0 V 49
40% 47% 49%
*8%
8% 9
9%
*8%
9%, '* %
9%
8%
9
30% 30 % •30
31
*30
31
*30
31
30
30
*1%
5
* l ■% 5
*i %
5
*l %
5 ; *i % 5
*135% 126% 12.5% 125% 123% 125% 126 130
125% 120
9H
*87% 97% *97
.....a ......s *97
98%: *97
94%
*11% 13
♦11% 19% 1 1 % n % * n % 12 ; * n % 12
•34
37
*:» t
3?
*31
30
*35
36
*31
37
14% 14% *14% 15
* u % is , in * in »
1 1 % ii%
21 % 24%
25
2.5
25
25=8 *25
25%
25
85
29
29%
29
29 V 30
31%
30% 31%
30
31
*17% 19% •17
1*%
18
18
*17% 18%
18
18
*7 2
77
*72
77
*72
77 . *77,
77
*72
77
98% 99 % 99% 100% 99% 100 . 99 % 99%, 99% 99%
*15
1.7% •!->% r ,%
15% 1.5% *15% 13 V
15% 15%
*70
71% *70
72
*70
72
698* 09 «s *70
71%
*80
31
*30
m *30 32 ! 30% 30%. *30 31%
16
10
19% 15%
15% IS j 15% 15%
15% 15%
*33
33% 34*4 32
32 | * 3 1 4 S3 I- *33 .. ..
8%
8%
8%
8%
"%
8%
8%
8%
6%
8%
*188 192
189 ISO •168% 190
187 189
188 188
........................
.....
IS
18
IS
1S>*
16% 16%
16% 16% *1-5% 10
1S% 17%
15
15%
14% 14%: i n * 14% *14% 15
*40% 41%
40%
4
0
V
*40%
41
40*4 40%
40
41%
*21
•21 %
4%
4%
'4 %
18% 1.4%
18%
*25
m
*25
m
•22
8
§
*9%
*4%
6%
*4%
19
19%
10
*13
11
13%
47
47
*45
0
9%
0
*17
18
*17
*4%
9%
26
00
103%
20%
«%
*8
*34
*m
»%
*7:%
10%
12%
56%
*7

......
5
19%
50
30
8%
-5%
10%
13%
47%
0%
18

5
*4%
5
0%
9*4 0 H
2i»
**44
f#;l
90
105 •103 105
20%
*10% *2*#-%
#V
H%.
%
8
%
8%
36 % *34
0#%
75
♦iSfi
711
1ft % } a*la
5
*5%
*1
7%
75*
8
i 6%
10% 17
1 si ‘ 1 12% 13%
5*.*% f,*»
f»0
s
*7
7%

•¥£*#4%
19%
*25
*20
*6%
5
17%
*13
4*1%
**V
*17

17

17%

171*

*37
84

40
84%

34% 3 4 %
83% m*»

17%

*~5
*169
18

Lowest.

Highest.

16 Mar. 14
% J an . 2
1 % Mar. 28
67 Jan. 2
67 Feb. 27 73% Jan. 18
47 J an. 3 523a Mar. 31
109 M ay 4 117% Mar. 8
16% Jan. 2 20% Apr. 7
130 Feb. 12 140 Mar. 27
73% Jan. 3 84% Mar. 21

Chicago Milwaukee & St. Paul 59,079 54% Jan. 3
147 116 JaD. 2
Do
pref.
Chicago & N orthw estern.......
5,894 97 Jim. 3
130 135% Jan. 4
Do
pref.
iliic-am Rnek Island & Paeilic 11,073 61% Jan. 3
1,460 32% Jan. 3
ClueakO St. Paul Minn. & Om.
113 109% Jau. 4
Do
prel.
2,120 31 Jan. 10
Plere. Clnein. Chic. A St. L ..
3 78 Jan. 1«
Do
pref.
300 17% Apr. 30
Columbus H ocking Val. A Tol
Delaware & H u dson................
Delaware L ackaw anna* West
Do
pref.
KT.Va. AGa..eert. 2d ass t pd.
Do 1st pref.. cert. 2d ass't pd
Do 2d pref., cert. 2d aaa*tpd.
Evansville Terre Haute___
treat Northern, p ref..............
QHnola C e n tr a l..,..................
,owa I’entral.............................
Do
pref.
Do
pref.
Lake shore 4 Mich. Southern
ixHtimvjila A NaaUy til e . . . . . . .
U»uisv. New Alb. as Chicago.
Do
pref.
Lnnlaritle St-^Louls & Texas.
’daniuitthii Eievatcd, c on sol..
•41c11\xn» Central....................
dm oeapolladsSt. L . tr. recta.
Do
pref. .tr. recta.
Hiaponri Kan^aa A T cau^___
Do
pref.
*fi«j*ouri Pacific........................
dohile A O h io.. . . . ...... ...........
’.'a-liv.CliattaonogaASt. Louis
New Vnrk Central A Hudson
New Vnrk Chicago 4 St. Louis
Do
1st pref.
Do
2d pref.
New York Lake Erie A Weat'n
Now York A New E nglan d...
New York New Haven A Hart.

*15% 15’ a N* w York Ontario A Western
14 % 14% New York Susq. A Wert., new .
40
40
Do
pref.

4%
*%
9%
9%
*23
2d
‘ 8.3
93
UKt *i 00
2 *% 20%
8%
9
*7 %
*34
*84
30% *31
36% *34
36%
*69
*!H
75 1 *00
75
*9i»
7**»
IS *4
*f>%
•7%
7*3 ? V
7%
7V
7%
7%
10%
17
17«i
17% 17%' 10 H 17
12%
11% 1S%{ 12% 13 ! 1*2% 12%
49% 49 V ' 49% 49%l 49% 4-»% 49%
*0

*4 Si 5
*4%
4V<
9
9%
9
9 Vi
*24
2 7 • *23
20 j
*04
93
*04
93 '
103% 10.1% 105 105 *
20*0 20 V 20% 30%
4 % »%|
0V
9

*11

24,912
300
328
400
750
2,540
907
120
69,062

Hange fur year 1894,

2,130 129% Jan.
1,409 160% M ay
200 1O Feh.
1,550 29% Mar.
100
11% Jan.
12 Mar.
10
4% Mar.
55 Jan.
308 100 Jau.
200 89% Jan.
2,070
6 J au.
555 235, Jau.
13“@Jan.
912 63 ~ Jan.
3,411 U 8 % Jau.
5 oo
11,263 40’ * Jan.
550
8 Feb.
265 30% Apr.
......
1 % Keb.
1,203 118% Ja r.
l o o 96 Jau.
360
9% Feb.
28 Jan.
000 12% Feb.
1,210 22 Feb.
28,018 18% Jan.
200 15% Jan.
70 Jau.
2,016 95% Jan.
400 14 Jan.
1 06 Jan.
8 30 Jau.
6,921 13% Jan.
324 29% Jan.
14,207
6 May
,
490 180% Mar.
841
755
900

14%
14
40
5%
300 17%
960
4
12,020 13%

Jan.
Jan.
J an.
Mar.
Jan.
Jan.
Jan.

2
4
13
3
19
27
28
5
4
3
2
-i
12
3
3

1«

30% 30V
30
75
75 Vd 75%
104 109% 100
95
9-4% m H
9H% 100

; 99%

*10
12 ' *10
*25
5211 I *24%
137 137 1 139%
23 V 05
24
38% 40 | 34%
21% 25V,! "1 %
48
48V.. 48
39
42 : 39%
00
87%' 86

1 *14%

. . . . . . I *85
170% *169
18

4%
*11
*23
*m
llttl
20
8%

17%

38% 30 % *37
85
*»%• 8 4 V
are bid a n d asked: d o s a le m sdp,

10

*14%

. . . . . . I *35
172
171’ ,
18

17%

123%
110%
145
72%

Mar. 13
Apr. 7
Apr. 9
Apr. 7

116 Apr.
41% Mar.
85% Mar.
20’ a Mar.

16
19
27
31

144% Apr. 7
170% Jan. IS
34% Apr]
4% Apr.
13 Apr.
7% Apr.
68 A pr.
106 Apr.
95 Mar.
11% Apr.
39% Apr.
17% Mar.
70 Mar.
131 Mar.

il
9
16
12
20
9
29
3
9
30
31
26

12
10
24
7
11
2
12
4
6
12
5
3
19
3
5
12
5
4
3
4
9

52% Mar. 31
10 Jan. 22
40 J an. 6
1% Apr. 2
127% Apr. 26
100% Feb. 1
13% Apr. 7
39% Apr. 9
16% Apr. 7
27% Apr. 9
32% Apr. 7
20 Apr. 6
74 Apr. 18
101% Mar. 30
16% Apr. 9
75% Felt. 3
34 4 Apr. 2
18% Mar. 28
39 4 Mar. 27
14% Jan. 23
195 Mar. 15
6 Apr. 26
2 17% Apr. Q
2 16% Mar. 14
2 40% Mar. 5
9
19
12
6% Mar. 20
11 23%) Mar. 30

. j * 2 1 % __ .J ¥ i% ¥ i*i *21%
4%
4% Northern P acific............... . . . .
4%
4%
4%
4%
4%
18% l “ -~
Do
pref
19 V
18% 19%
17% 19
50
*25
50
*25
50 i *25
50
*20
2 » Oregon It*v A Navigation C o.
24 Jan. 2
2 8 1 *20
28 i *20
28
200
4*4 Jan. 2
9 Oregon Sit. Line A Utah North
0
*7
9
*7
9
*7
‘
4%
4
V
320
3% Jau 11
Peoria
D
ecatur
A
Evansville.
5 !
4%
4%
*4%
5
10
M i* Philadelphia A Readiest........ 100,605 15% May 3
19 j US’ , 17 V
15% 17
100
*13
14
12
.hut. 4
1i
*13
14 | *13
14
PiUedmr* Ciim. Chic, A SC L.
125 44 Jan. *
Do
pref.
40% *46% 47% *46% 47% * 46 % 47%
9
4,775
:,2
Jail. 15
K,
A
W
.P.Ter
.tr.
r
Sdasst.
pd
9%
9%;
9
9
MV
9%
____ _ 12% Felt. 7
17
I)o
prof. tr. ri'i.-Ui.
18
*10
18
*15
17% *15
15 Feb. 1

30% 30%
30% 31
31
31
74% 75
74% 74% 74% 74%
101% 1.04% 101% 1*47% 10-4 1«5% .
03% 05
05
flt% l
88%
'8 1 100% 08 %. U>o
90
94 l
6.2'* 64%
62% 61%
*10
12
•to
VI
*10
13
2*»*25
*S4
26
*24
20 j
137% 137% 138 130% 137 134%;
*<*7*
25
25%
25
25%.
38% 30
3*1% 08%
34% 49% '
23% 23%
2 1 V 25%
*46% 40
47% 48%
4>
40..
33% 40%
40% 43%
it
41% '
81% 86%
86% 87%1
*14
10 | *14
J#
*16% 18%
*88
%5 ' m
*171 174 i* 170 173

138% 138%
Uiu% 160%
*10% i 1
31% 32 V
-1%
5
*11
11
<3
6
*60
70
*101 106
*93
94
u
11‘4
39
*36
*16
10%
*6 7% S8%
123% 130
90% 90%
4.8 % 49
*8%
9
30% 30%
5
*1%
125 125
US'4 99%
JL0% i" %
*o4
36
15%
15
•-•iv 24 V
30% 30%
• if
19
*72
77
99 % 90 V
10
*15
71%
*70
*30
31%
15% 15 v
*31% 34
0
7
*187% 188

Sales of
the
Week,
Shares.

30 Mar. 7
10% Apr. 6
5% Mnr. 31
23% Mar. 14
15=8 Apr. 6
53 Apr. 7
•J% Apr. 12
1^% A pr. 6
15 Feb. 1

4% it, LouiaSouthw estern.. . . . . .
300
4 Jan. 4
5% Apr. 5
1,410
7 % J iui. 3 11 Apr. 5
Do
pref
9' i
26
200
22%
Jan.
18
27
Apr. 23
it. Pan i A Du! uth. . . . . . . . . . . . .
89
3 88 Jan. 8 95 Mar. 29
Do
pref.
106
Apr.
14
255
100
Jan.
(i
it, Paul Minn. A Manitoba....
20% 6 »ut iier « Paid fie C o___ . . . . . . .
2,10o 20 Jan. 3 25 Mar. 14
3,200
7
Jau.
2
10%
Apr.
5
8%
9% D»!edo Ann A rl»or M S. Mich.
5% Jau. 11 i 1% Apr. 3
920
......... 35 Mar. 21 38 Jan. 30
36 j fuledo A Ohio C entral.. . . . . . .
7»
Do
pref.
........ 75 Jan. 2 75 J an. 2
10.152 17 Feb. 12 22% Mar. 31
10 V Union Paoirtc ........................ .
UK) 4 % .Ian. 3
OV Mar. 29
6% Onion Pacific Deliver A G u lf.
627
6 Jau. 2
8% Apr. 6
8
4,700 12% Jan. 2 18% A pr. 9
10 V
Do
pref
12%
Juu.
10
1
3 -A im 6
12 5
i..,.".-" E r!„..........
1.3.*::
850 46% Mar. 1 51 % Apr. 2
43 V
Do
pref
6%
Jau
.
5
8%
Apr. 2
7
Central Com pany.
.....
n \»**<•I ia fie o *1H .01OP k n,
l,853f
26%
Mar.
2
32%
Mar. 30
30% 30% American Cotton Oil C o ........
31
75% 75%
1,331 63 Jau, 2 ,6 May 3
Do
pref.
70
412.74:
75%
Feb.
3
.0
9
%
May
4
100% H»7V 10 (V American Sugar Hetlnine Vo.
97%
Uti
pref. 12,041 70% Jan. 2 97% Apr. 30
07% 1)7
80% 87
19,70* 00% Jau. 2 01 % Apr. 12
921 91% Feb. 10 1 0 J% Apr. 14
9 »% *9%
Do
prof.
99V
04% 05 V (Chicago Has Co., trtist rec'ts.. 90,53! 58% Jau. f 69% Apr. 21
10 Jau. 2'- 13% Apr. 4
12 (Colorado Coal A Iron Devel12 i MO
26 Colorado Fuel A Iron .............
. . . . . . 21 Jan. 3 27% Apr. 4
*25
20
1,648 122% .Iail. 29 140 Apr. 20
137 : 130 137 IConsolidated Outs t.'ompauy.
24% 25 ‘ai Distilling A Cattle Feeding Cc 1 48.7 It 20% Jan. 2 30% Feb. 6
2 IV
3 8 V ,*jmi* r»l Eleetrie C o............... i 23,87 j 30% Jan. 3 l5 % Mar. 8
39 i 38
Nat.Cordage new .full asst Ia S 24,385! 13% Fell. 13 25% May 1
25 ! 24*4 25
1.137 30 Frit. 13 49% May 1
Do p re f., full aaa't pd
4-1 ! 40 % 4f-5
42% Apr. 3o
•tov 41% National Lead C o.............— 1 70.916! 22 Jan.
40%
7.709; 08 Jan. 2 88% Apr. 3o
86V
Do
pref
89 V s o
5% Mar. 1 7
1 :.75
.3to Jan. 2
*4
4^
f 12 Jan. 8 17 % A pr. 3
*14% 16 Oregon im provement C o—
16
19
J ail. 3o
:
14
Jan.
■
:
32C
10
16
78,000 79 Jan. 15 80 Apr. 36
Pipe Line Certffleates..........
........ j *85%
l
.4
Apr. I 3
Jan.
2
21C>1182%
172 •170 173 Pullman Palate Car Coin pan j
64 Apr. 2< Of J hii. 2,,
14%
J
an.
3
20%
Mar. a
1,3-iC
17% 17% Teaneii*©© Coal A Iron ,.........
17V
101' 62 k! May
Do
pref
43
Apr.
"
40%
374,
36
Jun.
2•37%
l i nlted States Rubber C o .. . .
40
26,874 80’ «,Ian. 3 h/% Mac ^
84 %
W4*«tem f’ nfon Teleerapb
81V

40 " *38
« 5 % : 84%
I Old o o r t U s a l e s .

t 2d a s s e s s m e n t p a id .

766

THE CHRONICLE.’

[VOL, L’VIII

NEW YORK STOCK EXCHANGE PRICES (Continued)—INACTIVE STOCKS.
M ay

I n a c t iv e S t o c k s ?
In d ica te s u n listed .

R a ilr o a d S tock s.

B id .
.100

170
131

M e x ica n N a tion a l........................ 100
50
100
100
100
P e o ria & E a stern ........................ 100
P itts . F t. W ayne & C h ic a g o ... 100
P itts. & W estern p f .................... 5 0
K en sa elaer & S a ra to g a ............. .1 0 0
Borne W a t. & O g d e n s b u r g h ... 100
Bt. L o u is A lt o n & T er. H a u te.. .1 0 0
*

R a n g e (sa le s) i n

A sk.
180

.1 0 0
B ro o k ly n E le v a ted 1]----- —
.1 0 0
15>*
20
B u ffa lo K oeh ester & P itts b u rg . 100
.1 0 0
io n
51
.1 0 0 ♦ 1414
50 152
.1 0 0
6*4
24
.1 0 0
5%
.1 0 0
.1 0 0 1 15
.1 0 0
.1 0 0
4%
G e o rg ia P a o itlcT r u st c t f s f l . .. .1 0 0
6
G r. Bay W in. & St. P. t r .r e c .. . .1 0 0
IOO
100
92
.1 0 0
100
8
K e o k u k & D e s M o in e s .............. .1 0 0
.TOO
13
+ 19
100
M a h on in g C o a l............................. 50

4.

A p r. 1 7 6
M ar. 1 35

16-s
24
02

17
20
61
50%
11%

Feb.
Jan .
A p r.
Feb.
F eb.

M is c e lla n e o u s S t o c k s .

A d am s E x p re s s ............................ .1 0 0
A m erican B an k N ote Co If........
100
A uier. T elegrap h & C a b le........ .1 0 0
B ru n sw ick Com pan v ................. 100
.1 0 0
P r e fe r r e d ..” ............................... 100
100
100
IOO
C om m ercial C ab le. .7 ................. 100
C onsol. Coal o f M a ry la n d ........ .1 0 0
E d iso n E le ctric Illu m in atin g .. .1 0 0
IOO
100
100

M ar.
A p r.

7*s
7
1 4 % M ar.

15
s 'f.
6%

4

16% A p r.
45
M ar.

Jan.

7 J-i Mar.

4

9%
5

8

M ar.

9 4 A p r.
M aryland C oal, p r e f .............. . .
12% Jan.

19%

100
100

1 07

0

6

Feb.

M ar. 107

M ar.

148
Jan.
1 10% Jan.

N a tion a l Starch M fg. C o ...........
N ew C entral C o a l........................
O n ta rio S ilv er M in in g ...............

156 A p r.
113% Mar.

55

N o p rice F r id a y ; la te s t p r ic e th is w eek .

4.

152
1

3

150
51
110
t 89

155
53
113

68%
7
130
30%
:i0 2 %
49
♦ 17
; 71%
22
.1 0 0
40
100
100
IOO
100
20%
100
9
IOO
7
100
8%
50 290
IOO

Highest.

L ow est.

150
15
2

M ar. 151-a M ar

150

Jan .

2

1 09 % Jan .
85
Feb.
4
5%s
96 A p r.

t

1 8 i4 .

R a n g e (sa le s ) i n

A sk.

72

50

52

140
28
93
36
15
59

Jan .

M ar

154% Jan .
116
90

A p r.
Jan.

9 7 -s A p r
70

A p r.

M ar. 145
Jan.
30
F eb . 104

M ar
J an .
Apr

73

Apr

25
60
55
52
21
10%

9

16
8
6%
7%
275
106

100
l» a
2
3
” P re fe r r e d ........... 7...................... 100
15
15
18
7%
T e x a s P a cific L a n d T r u s t........ 100
9
10%
48
U. 8. E x p r e s s ............................... 100
50
55
U. S. L ea th er p r e fe r r e d ............
t 66%
66%
U. S. R u b b e r p r e fe r r e d ............. 100 } 91%
80
122
W eUs, F a rgo E x p r e s s ............... IOO 123
127

1 6 % Mar.
M ar.
5% F eb.
Feb.
Jan . 153 A p r.
Jan.
2 9 % A pr.
Feb. 1 8 0 A p r.
J an . 112 Jan.
35 A p r.
Jan .

16%
4%
6
149
26
27
1 7 2 i«
111
110
33% 2 0

4
153
20
180
110
32

M ay

B id .

St. L . A lton & T . H aute p r e f . . . .1 0 0
too
T o le d o St. L . & K ansas City IT_____
V irgin ia M id lan d .................1 . . . 100

A pr.
M ar.

1 7 Feb.
24% A pr.
17
154

(% Indicates actual sales.)

I n a c t iv e S t o c k s .
Tl In d io a te s u n listed .

H ig h e st .

L ow est.

176
135

1894.

Feb.
Feb.
A p r.
Jan.
Jan.
F eb.
Jan .
Feb.
J an .
Jan.
A p r.
J an .
Jan .

5 9 7e F eb
5 2 Mac.
11
8%
11
310
106

M a r.
M ar
A p r.
A p r.
F eb*

3 F eb.
1 7 % M a r.
1 0% A p r.

57

Jan.

6838 A nr.
9 1% A p r.
128 J an .

t A c t u a l sales.

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS M A Y 4 .
S E C U R IT IE S .

B id .

A la b a m a —Class A , 4 to 5 .........1906
C lass B , 5 s ..........- ................... 1906
C lass C, 4 s .................................. 1 906
C u rre n cy fu n d in g 4 s ............. 1920
A rk a n sa s—6s, fu n d ,H o i. 1 8 9 9 -1 90 0
d o . N o n -H o lfo rd
7s, A rk a n sas C en tra l R R .............
L ou isia n a —7 s , c o n s ................... 1 91 4
N ew co n o ls . 4 s ......................... 1914
M issou ri—F u n d ................1 89 4-1895

99
103
92

A sk.

S E C U R IT IE S .

New York City Bank Statement for the week ending
April 28, 1894, is as follows.
We omit two ciphers (00) in
all cases.
HA.ssh.ts.

(00s omitted.)
Bank o f N ew Y ork
Manhattan Co........
M erchants’ ..............
M echanics’ ..............
A m erica.....................
P h en ix.......................
C ity...........................
Tradesm en’ s...........
Chemical...............
M erchants’ E x ch ’ge
Gallatin N ational...
B utchers’* D rov’ rs’
M echanics' & Trad’ s
G reenwich................
Leather Manufac’rs
Seventh National..
State o f N ew Y ork.
Am erican E xch ’ge.
Comm erce...............
B roadw ay................
M er can tile..............
P acific...................... .
R ep u blic....................
Chatham ..............
P eople’ s................
N orth A m e r ic a ..
H anover...............
I rv in g .................. .
Citizens’ ......... ..
N assau......................
M a r k e t * F u lto n ...
hoe & Leather___
Corn E xch an ge.......
Continental.........
Oriental................
Im porters’ & Trad’ s
Park......................
East R iv er..........
Fourth N a tio n a l....
Central National.
Second N a tio n a l....
Ninth N ational..
F irst N a tion a l...
Third N ational.........
N .Y . Nat. Exchange
B ow ery.....................
N ew Y ork C ounty.
G erman-Amerl can..
Chase National...
F ifth A ven u e......
German E xch an ge..
Germania.............
U nited 8 ta t6 e ....
L incoln.................
Garfield............... .
F ifth N ational ..
Bank o f the M etrop
"West Side.................
Seaboard
....... .
Sixth N ational.........
W estern N ational..
F irst Nat.. B r’klyn .
Southern National..

C a p it a l S u r p lu s

2,000,0
2.050.0

2.017.1
1.872.4
907,9
2 ,000,0
2,u00,0 2.086.2
3.000.
0
2 , 122,1
1 . 000 .
0
454.2
1, 000,0 2.773.2
750.0
150, fc
300.0 7.151.2
600.0
127, 0
1,000,0 1,514,8
300.0
269.3
400.0
4C0,6
200.0
173.8
536.4
600,0
300.0
106,6
1 200.0
53 5,6
5.000.
0
2.418.7
3.564.0
5.000.
0
1.000. 1.563.2
0
1,000,0 1.106.4
422,7
470.0
1.500.0
936.1
450.0
966.0
314.5
200 .0
7C0,0
638.9
1 000,0 1.867.6
500.0
335.6
600.0
414.8
500.0
289,f
750.0
785.8
268.2
1, 000,0
1 , 000,0 1.181.0
1,000,0
245.9
300.0
415.0
1.500.0 5.572.8
2 , 000,0 8,042,1
135,2
250.0
3.200.0 1.931.7
2 , 000,0
540.0
300.0
560.9
760.0
369.9
600.0 7.270.0
1 000,0
189,4
300.0
130.9
250.0
635.1
200.0
553.1
750.0
292.7
500.0 1.143.0
100.0 1.031.1
200,0
630.6
200,0
598.9
500.0
520.8
800.0
500.0
200,0
512.0
200,0
307.2
3bV,0
715.6
200,0
284.7
50C,
233.6
333.0
200,
186.2
2,100,
838, j
300,
500,
675.7

.

,

,

B id .

N orth C arolina— 6s, o ld ........... J&J
F u n d in g a c t .............................. 1900
100
N ew b on d s, J & J ......... 1 892 1898
C hatham R R .....................................
...... 93
7%
S p ecia l t a x , C lass I ........................
150
C on solid a ted 4 s .......................1 91 0
2
15
6 s ...................................................1919
130
R h od e Isla n d —6s, c o u .. 189 3 -1 89 4
95% 97
S outh C arolin a—4 % s, 2 0 -4 0 .. 1933
U0
6s, n o n -fu n d .............................. 1888

Loa n s.

$

600,0

2 2 1 ,<

621,6

,836.0
233,2
362.0
886,8

283.8
090.4
620.8
234.7
699.9
980.0
122.4
907.4
582.9
537.9
385.0
573.0
999.1
501.6
917.2
389.9
,035,4
,209,1
,984,1
986,1
421.0
706.4
893.0
732.3
020.0

312.0
,800,2
764.0
798.0
488.5
122.8

739.4
984.0
138.0
703.1
440.1
339.2
252.5
698.0
836.0
,499,0
816,4
010.0

565.7
629.6
887.6
935.2
600.9

6Ch,8

104.6
249.0
267.0
715.0

,0

4 0'»,l

.127,8

\ S p e c ie .

2.380.0
2.580.0
1.539.3
1.542.0
1.907.0
961.0
7.757.0
401.0
7.262.2
754,3
1.180.1
181.1
385.0
125.1
549.7
287,6
108.2
2.987.0
3.416.4
1,037,9
2.077.3
578.8
2.076.0
1.109.7
233.1
1.132.5
4.848.1
651.9
669.9
723.2
633.8
481.0
1.582.0
1.221.3
223.0
4.630.0
5.354.8
L37.2
5.026.8
094.0
093.0
917.8
3.779.2
1.906.4
99,0
487.0
961,5
616.8
5.045.8
942,8
250.1
463.2
1.476.2
1.501.1
1.082.3
265.3
7ttl,3
437.0
1.278.0
254, <
2.546.3
1.086.1
133.0

L e g a ls.

$

2.410.0
4.103.1
3.547.7
2.730.0
3.770.8
1.080.1
3,634,6
276.7
6.545.2
986.5
1.981.3
3V0.4
570.0
375,2
830.5
309.0
1.115.8
6.441.0
12,0t0,7
709.3
2.075.1
785.9
3.185.1
2.064.3
517.0
1.519.5
4.066.3
725.0
336.7
752.0
1.014.2
1.599.0
1.931.0
1.924.4
604.0
9.139.0
6.603.1
157.1
3.873.6
4.548.0
1.453.0
289.5
4.399.5
1,221,4
320.9
517.0
240.3
664.7
4,392,e
1.003.1
670.6
510.6
695.8
1.331.2
821.9
464.2
1.733.9
333.0
1,113.0
246.0
2,832,

450,
687,

T otal.................... >59,922,7 70,690,6 460,902,3109,467,311 t 'l 41 4

10
15
212
3

C o m p ro m ise , 3 -4 -5 -6 s........ ..1 9 1 2
N ew s e ttle m e n t, 6 s ........... ..1 9 1 3
5 s .............................................. .1 9 1 3
121% 12238
3 s .............................................. .1 9 1 3
100
V ir g in ia fu n d e d d e b t, 2 -3 s. .1 9 9 1
99% 100
2-4 • 6 s, d e fe rre d t ’ st r e o ’ts, s ta m p e d .
1 78

Ba n k s .

1,608,

12,441,
4.893,
2,040,
573,853^8

5
4

C a p it a l dc
S u r p lu s .

Loans.

Specie.

L e g a ls.

$
130.613.3
130.613.3
130.613.3
130.613.3
130.613.3

$
443,798,7
450,426,6
456.939.4
459.009.4
460,90*2,3

$
1001842
99.623.0
1000996
98,920,7
99,467,3

$
1203520
1197992
1216080
1254721
1274141

64.642.9 170.702.0 10.728.0
64.642.9 169.488.0 10.733.0
64.642.9 169.361.0 10.685.0
35.810.3 101.525.0
35.810.3 101.316.0
35.810.3 101.274.0

D e p o sits,

A sk .

eo
eo
60
70
1 02
1 05 %
101
105
78*2 7 9
60
60%
812

t C ir c ’V n C le a r in g s .
112141
111449
110423
106733
101598

$
425,252,9
531,975,7
479,050,2
500,168.0
440,892,4

0,441,0 168.391.0 7.917.0
9.389.0 168.600.0 7.685.0
9.290.0 167.662.0 7.469.0

76,994,9
74,641,1
80.718.5

112.173.0 4.834.0
112.284.0 4.838.0
112.974.0 4.825.0

57.829,8
65.047.5
58,269,4

$
544,744,2
554,496,9
563.506,4
569,539,1
573,853,8

38,0 30.0
38,9 02.0
39,4 60,0

* W e o m it tw o c ip h e rs i n a ll these figu re s,
delphia, the item “ due to other banks.”

t Including for Boston and Phiia

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
M is c e lla n e o u s B o n d s .
M i s c e l la n e o u s B o n d s .
Ch, Jun.& S. Y d s.—C ol.t.g ,5s *104 b. P eople’s Gas & C. \ 1st g. 6s.
Co., C hicago---- 5 2d g. 6s.
Col. & H ock. Coal & I .- 6 s , g. * 93 a. Pleas. V alley C oal- 1 s t g. 6s.
Consol’n Coal—Convert. 6s. *102 b. P rocter & Gam ble—1st g. 6s
Cons.Gas Co..Chic.—1 stgu.5s
81 b. Sunday Creek Coal 1st g 6s..
W estern U nion T eleg.— i s .
Denv. C. W at.W ks.—Gen.g.oa
Det. Gas con. 1st 5s................. * 65 a. W heel. L .E & P .C oal—1st g 5s
East R iv er Gas 1st g. 5s.........
90 b.
U n lis t e d B o n d s .
Edison E lec. 111. C o.—1st 5s . 107 b. A la. * V ick s.—Consol. 5s, g .
V icks. & M erid .lst 6s........
Equitable G. & F.—1st 6s—
Henderson Bridge—1st g. 6s. 108 %b. Amer. Deb. Co. col. tr. 5 s ....
Com stock Tnnnel—In c. 4 s..
H oboken Land & Im p.—g. 5s
Mich.-Penin. Car 1st 5s, g — * 96%a. Geo. P ac—1st 6s g. c t fs ........
2d m ort. in co m e ..................
Mutual Union T.eleg.—6s g . . *112 b.
Consol. 58, g. ct fs .........
National Starch M fg.—1st6s.
99 a.
i ncoine 5s. c t fs .....................
Northwestern Telegraph—7s. 107 %b.
Peoria W ater Co.—6s, g ...... - 85 b. M em .*C harleston—Con. 7 g.
Note .—1*6” indicates price b i d ; “ a ” price asked.

*

101
- 80
111

b.
b.
b.
b.
b.
a.

loo

110
* 70

.... .

03 b.
6 b.
102 b .
42 b .
11 b .
....... -

Latest price this week

Bank Stock L ist.- -Latest prices of bank stocks this week,
B A N E S.

Bid.

Am. E x c h ... 149
220
160
120
450

6.868..
3,155,
3,323,
6,448,
0,870,
5,134,
2,071,
5,970.
2,536
6,014,

T e n n e ss e e —68, o ld ..........1 89 2 -1 89 8
6 s, n e w b o n d s ..........1 8 9 2 -8 -1 9 0 0

New York City, Boston and Philadelphia Banks:

N. Y o r k .*
D e p o s i t s . Mar. 3 1 ....
A pr. 7---1 4 ....
$
“ 2 1 ....
14,320,
44 2 8 ....
17,051,
B o u to n .*
13,180,
Apr. 14___
11,645,
•• 21___
21,884,
44 2 8 ....
4,948,
P h i i a .*
26,205,
Apr.
14___
2,337,
“ 2 1 ....
31,474,
44 2 0 ....
4,546,
6,898,
1,714,
2.360.1
1.070..
3.036.1
1.917.1
2.715..
21.034.1
27,472,;
5.877.1
9,288,:
3,084,14.389.1
6,821,;
3,175,
6,17V,1
22.973.1
3,009,<
3,232,2.890.1
5.057.1
4 ,5 1 7 /
9,270,'
7,458,(
1,882, <
27,495,(
3 3 ,1 3 9 /
964,{
29,657,:
12,600,(
6 ,0 9 3 /
4,187,:
2 5 ,6 3 8 /
9,228,1 ,3 4 9 /
3 ,2 2 2 /
3 ,6 6 5 /
2 ,9 4 1 /
10,5 6 9 /

Bid.

S E C U R IT IE S .

A sk.

30

A sk.

152% Garfield.........
German A m . 115
250
180
Germ ania.... 325
125
150
.415

271% 280
115
140
20O0

2500
IflrstN., S. I . 112 120
Jourth.......... 197

B i d j A sk.
290

4 l00 4600
420
148
215
178 185

11th W ard...

B A N K S.

202

Im. & Trad’ s’ 560

300

320
590
150
250

M anhattan.. 185

225
M echanics’ .. 182% 190
M’chs’ & Trs’ 150 1»0
180
141
M erchants’ ..
M*i*ch’ ts Ex. 110 125
430 480
M orris.. 170
M urray H ill
Nassau......... 160 180
N e w Y o r k ... 218 225

......

BANKS.

Bid.

N .Y . Co’nty
N.Y.Nat.Eik
N in th ..........
19th W ard..
N. Am erica.

112
118
i3 0
150
220
P a cific........ 175
280
People’ s — 270
118
158
Seaboard. . . 172
300
S e v e n th ___ 120
S h o e * Le’ tb 110

A sk
\

125
125
180
250
290
125
165

125

S ou th ern ... 140
Stateof N.Y. 105 112
100
100
Tradeam’n’ s
-...a
Un’ d States 175
W estern— 110 112
Side
—-

...

....

M a y 5, 1804.]

T H E

767

0 H K 0 N 1 C L E ,

BUST'UN, P E l U D E L P a i i A_VD BALTIMORE HTOOX EXCHANGES
Active Stock*.
1 Indicates unlisted.

S h a re P r ic e * — n o t P e r C e n tu m P r ic e * .
Saturday,
April 28,

M onday,
April 30.

i Tuesday,
May 1.

Wednesday, Thursday,
May 2.
May 3.

14% 14% 13% 14
Ate*. T. & S, Fe (Poston).lOO
13% 1 3 <6 13% 14%
1%
1%
Atlantic A Par.
•• 100 *.........
3
76
76
" i § “ 76
Baltimore A Ohio fB a U j.100' ........... . . .
........... 78*
129
1 st preferred
**
l o o : 129 133 •129 ___
2d preferred
“
l o o ’ — .. 120
15% 15%
15% 15%
Baltimore TraO’n .fFnU.j. 25 15% 13%’ 15% 15%
211 212
2 1 0 % 21 0 % '2 1 0 2 1 0 %
B ostoa*A ibanyiB o»Jon;.100 211 211
100 189% 189% 1S9% 189% 189% 190
1S9 189
Boston A Lowell
147% 143
147 147
100; 148 143
147 147
Boston & Maine
* 1 2 % ......... I *12 %
100 ’ 12% ....
* 12 % ........
Central of Maes.
*43 ....... ; ’ 46
___
100 '4 8
*48 .......
Preferred
78
79%
Chio-Bor-AQalc.
7S% 80%
79% 80%
100 76% 73%
62% 62%
61% 62%
62% 62%
Ohio, Mil. * St. P. (P h il.).100 61% 61%
CMC. A W. Mich. (P oston ). 100
•50
•45
Clove. A Canton
"
100
........ -50
2
2
2
Preferred—
“
100
76% 77
77
78
Fitchburg pref,
100 77% 78
*74% 76
Hunt. A B r.Top.fPA B a
50
49
48
......... 49% ......... 48
19
49
preferred
“
50
37% 37%
37% 37%
Lehigh Valley
“
50
377s 33
37% 37%
113 113
Maine Central (Boston.). 100 113 113
Metropolitan Trac. ( P/tii). 100 117% 117% 117% 116%
ii*7% i i i
7%
7%
7%
7%
7%
7%
Mexican Cent'D. Boston,/. 100
7%
7%
S%
8%
8% s%
8%
S .'S , AST. Eng.
••
100
8%
8%
3%
40
40
39% 39%
Preferred___
10
10
44
100
33
38%
Northern Central (B aU .j. 50
•4%
4%
5
5
*4%
3
Northern Pacino (Phlox, j . 100
*1%
5
193*,
*18% 19% *19% 19% *|t)
Preferred
••
100 •18% 19
014Colony----- (S o sim j.1 0 0 176% 176% 176% 173 i 177 177 1*177 178
50% 51 j ;19% 50% 49% 49%
50% 50%
IVania.. (P htla,). 50
S
*23 ......... 1
il. A Erie.
<•
50
9*,« » u „ St®,*
9%
8% 8!3|.
9%
9%
eBeading
••
50 107% 107% 107 107% 106% 107% 107% 107%
i
6 ’
6
FhUadelphta Tree. «
50
S M a.it Branch (P oston). 50
* 1 9 " 19 j *18** 19
13% 13%
230% 230%; 230 230
Union Pacific
"
100 230% 230%
*2
2%
-1%
2%
dam(lCkia.otPJ,fPhUa.)lQQ
•1%
2%
Western S .Y .A P a / PA Ua. i . 100
T llaeell& iieou n S toeJ la .
A :n..mg'rR«au.* (Norton.,___ _ 101% 101%
Preferred.........
44
....
94% 95
BeU T elephone..
100 191 191%
Boat A M o t.u a *
44
25
BtttKsABostou..
•'
25
CaJBioet A H eal*
44
25
Canton Co______ (S a it.).lo o .
Consolidated lias
“
100
Erie Telephone (P o tio n ).100
■General Electric., “
lo o
P referred,........ "
100
Lsnison Store Her. “
L c n fh C o .:* s » v 'FhU.j
l NJ£hg. Telephone / pnsi'n) 100'
; North Am erican. (P h il.).100
West End L and.. (Bosl‘ n )....\ *11% 11%:
* Bid and asked price*;, no sale era*

Inactive Stocks.

B id

A&Us

Inactive stocks.

Friday,
M ay A.

48%
37%

117% 118%
7%
7%

6%

*35
6?
•4%
17%
177
49%

8%

37

68

4%
13%
177
49%

8
83a
107% 109%
17% 13%
230 231
* 1 % ........|

L ow est

Highest
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
2 212
Apr.
10:190 Apr.
15 150 Apr.
20, 14% Mar.
3 49 Mar.
3' 84% Mar.
65% Apr.
25% Mar,
•50 Jan.
2 % Jan.
81 Feb.
35 Jan.
51% Jan.
42% Mar.
.1 1 4 Apr.
6 122 A pr.
2, 9% Apr.
4 14% Jan.
20 41 Jan.
30; 68% Feb.
15
6% Mar.
15! 23% Mar.
2 178 Apr.
6j 52% A pr.
20 28% Feb.
3 : 11% Mar.
5 115% Apr.
21
7% Max.
12 22 % Mar.
21 231 Apr.
12
2 % Jan,

29
14
9
19
16
9
30
23
17
10
14
21
6
13
3
16
7
10
10
13
5.
12
3
23
8
23
21
31
30
7
1
12
11
3
31
11
26

24 109% May
3 97% May
20,191% Apr,
15 29 A pr.
14 11% Apr.
21 302 Jau.
18 74% Feb.
3 66% Apr,
21 47 Apr.
3 45% Mar.
4 75 Mar.
£ 26 A pr.
11 55 Mar.
28 55 Apr.
2
5% Mar.
9 12% Mar.

4
4
26
5
9
13
21
8
22
8

12%
1%
78
....
....
15%
209
190
147
13%
50
79%
62%
22
50
2
73%

103% 108 109% 68,014
97%
3,279
97 i 97
237
190 I 190 190 |
25%
1,913
25%
23 %j
9%
9%
9%
1,090
29
290 |'265 2 °0
74
'7 0
66
418
6>-a 65%
214
46
46
46
46
2,830
38% 38%
33% 33%
176
69
70
70
497
23
24
.
72
5 3 % .........
53% 53%
55
55
38
55
55%
5o
1 0 % 1 0 % 10 % 11
280

106
97
190
25%
9%
290

66

Bid. U s k .

Bange o f sales in 1894.

33,329
9% Jan.
li
■62% Jan.
56 67% Jan.
125 Jan.
108 Jan.
1,264 14 Feb.
78 200% Jan.
36 182% Jan,
43 126 Jan.
11 Jan,
46 Jan.
13,904 73% Jan.
9,900 54% Jan.
17% Jan.
•50 Jan.
2 Feb.
662 72 Jan.
29% Apr.
20 48 Feb.
37
37%
1,192 36% Jan.
114 114%
10 101 Jan.
118% 119
2,805 x96% Jan.
1,264
%
7%
5% Jan.
6
8,753
'%
6 May
35
35
648 24% Mar.
*63
5 67 Jan.
6S%
4%
4%
285
4 Jan.
500 13% Jan.
is%!
1,3
177 177%
129 170% Jan.
49% 50 ! 2,606 43 Jan.
21% Jau.
8
mjt 68,36
8 May
7.024 89% Jan.
109% 110%
■fi
8
6 Apr.
18% i6% : 1,292 17 Feb.
230 % 230%
227% Mar.
1
50
1% Jan.
* 1 % .............

13
11% 13%
’1
'.........
1%
*76
....... 78
129 ......... '123
115
........ 119
15%
15% 15%
209
210 210
*190 ......... 190
147
146 148
'12%
’ 1 2 % .............
’ 48 ......... *46
78%
78% SO
61%
61% 62%
*15
••25
•50
'1
2
73%
75
74
37

Sales
o f the
Week,
Shares.

75%
79
103
23
.8
290
66
53%
■12
30%
56
12%
51%
19
3%
9%

Bonds,

Jan.
Jan.
Feb.
Feb.
Feb.
Apr.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Feb.
Jau.
Feb.

16%
1%
81
129
118
- 17%

77
11
10
19
20

Bid. Ask.

Pm A .V. Y. Cm, con. 58.1939, AAO
U2
A t .T o p .A ? .ill* > i r l
JAJ •5 72%;! 73
Perkiomen, 1st ser.,5 s .l9 1 3 , Q—J;
, 242% l «,
.
Class A ! .4999, AAO 1 33% 33% Pniia. A Erls gen, M. 5g.,1920, AAO: 116% U 7 ”
Boston Cfitted lias 1,1 5s............... 5 81%ii 85
Gen. m ori.. 4 g .......1 9 2 0 , AAO 102
Phlla A Read, new 4 g., 1958, JAJ
5
74
2d m ore 5s............................. 4939! ! t>7 f 63
74%
53
Burl.AM o. K iverE xe npt 6s, JAJ 114 114%
1st pref. Income, 5 g, 1958, Feb 1 30
30%
107
20*9
S o o -e ie d tp t Hs......... 1918, J&J
2d pref. Income, 5 g, 1958, Feb. 1 20
SO
15
3d pref. Income. 5 g, 1958,Feb. 1
15%
Plain I s . ........................1910,JAJ }
I 92
101
10 in
Caari. OoL A Augurta
••
,
100
2d, 7 s..........................1 9 3 3 , AAO 117% 120
Consol, m ori. 7s.........1911, JAD ........ 123%
2d raort. 6#.................1918, JAD 101 102
Connecticut A t‘ifc*e. ( P o s t o n .100 i - Y ’ i i 3
■'C onnecticut K l v « r .. .
<•
lO i
I/ebenture 6 s .. . . . . . . . 1896, JAD m i
100 22& •;:230
Consol, mort. 6 g ........ 1911, JAD
Delaware A B ound B r.iP A tia .) .100
Improvement M. 6 g., 1897, AAO 10-i s 105
02%• 93%Chic. B urt A (putney 4*.. 1922, FA-A
Con. M.,5 g.,stamped. 1922. MAN ___ 99%,
98
H int A Pere M a rt)... INorton/ .100 ’ 1 3 " f 15
95
Iow a litvislou 4 s . ,. . .1919, AAO
Prefer;.-, t . . . ............
102
T r r iu liia l .>*. g ........ U l U . Q . - K .
100
Chic, A W.Mich. gen. 5*. 1921, JAL: | 70 i 80
2$ S 40
30
i 90
50, B2 !...a . : ConsoL o f Veruiont. 5». 1913, J.v-J
Pirn. Read. A N. E. 4a............4942
33
BarJPartaJWUToy* L. i P k U t u
hut. C J F t,». AMern. (Norton/ IOO
1Bennies, series a .................. 1952
Current Ktvor. 1st, 5s..1927, AAO ( 60 i 6*3
10
8 j 9
P re fe rre d ...................
74 j 73
Oct. latn s.A S or n M.7s. 1907, JAJ
100
Incom es, series H .. ............ .1952
K. City Mein. A B irin .
“
4 .,.. Eastern 1st w o rt 6 g .l9 0 6 ,M A S ,.: ISO , 120 % 1'hll. WUm. A Balt., 48.1917, AAO 102
100
J re «.E lk .A M .V .,lst.6 e .l«3 3 .A A o ; i 2 t% 125% Pitt*. <•• A 8t. I*. 7 s .... 1900. FAA 115
tittle ( M r o y i k s , (PMia.) 50
Vincheeter A L aw ., tBoston) 100
V nstatopedlst, tie— 1933, AAO
SehoyLR.E.Niiie.lsio g.1935, JAD 111 111 %
Maryland C e n t r a l....
(P a ll.
K . f A Spring.,1st,5g.,lw25, AAO ) 5<» 5 7o
Steuben. A 1ml. ,1st m, ,5s. 191*1, JAJ 108%
50.
62 ; 6 2 % CnlUM K. J . , 6 g ............ 1894, AAO
Kin* B ill * 8. H a ven ( P h U a . ) . 50 **70* ' *tT " K a P.6. A M. 00b. 6», 1928, MAN
8 eaaaehonln g V al___
11
Warren. A Frank.,lst,7s,1896,FAA 104 105
: K.C. Mem. A B lr..l*t,5»,l 927, MAS , 30% 31
55 1—
50
Northern X. 1 1 . . . . . . . ( B o s t o n ) .100
K.
C. 8t. Jo. A I f. K., 7s. .1907,
, 1 2 1JAJ;
% 123%
A t « S S f l,tismt ° 7 ^ l9 0 7 ,J &J 117
North P e n n sy lv a n ia . i P h i l a . ) 50 ’ V i ’ 7
L. U o c k A F t.8 „ l« t ,7 * .. 1905, JAJ \ a5
118
Incom e 6s....................1900, AAO
(00
i
95
ltoHiS.,Ev.ABU..,l»t,6g.l920,AAO
100
7%
3
p n g t a e t & n L in a . . . (B o s t o n )
’ enneytvauia A .V W . ip / t ilu ) 50
Baltimore Belt, 1st, 5s, 1990, MAX
104
42
2 a i„ 5 —6 g .................1936, AAO
ei | 2% Mar. M. A Out., 6 »....... 1925, AAO i i o i
tOi.%
I -S stia n d ,,................. ( P o s t o n ) .100
Baltimore A Ohio 4 g., 1935, AAO 101
103
P r e f e r r e d ..............
TOO * i 1 73
M exican Central, 4 g .,.1 9 1 1 , JAJ I 54 1 55 , Pitts. A Conn., 5 g ..,1 9 2 5 . FAA 112 %
Btatea
islaud,
2d,
5
g
.
1926,
JAJ
■>'aboard A R o a n o k e , ( p a l l . ) 100
i
13
|
14
!
1st consol,Incom es, 2 g, nou-ctun.
97*3
B il.A O hioS .W .,lat,4% g.l990,JA J 107%
1*1 p r e f e r r e d . . , . . . . ,
44
100
2d consol, incom e*. 3s, non-rum.
69% 72“
C au eF .A Y ad.,8er,A .,6g.l9l6, JAD
N. Y. A ft.E ng., 1st,7 s ,1905, JAJ4 est l 8 j . , . . . , . . . , , . , . | B w h s l . 60
48% 49
01
65
Series B „ 6 g ..........................1916,JAU
P referred..................
1st rnurt. 6 s ................ 1905, JA J; iOSSl 109
so
75 1 76
64
65
d9 i BeriesC., 6 g .........................1916,JAD
Weat J e r s e y ........... .. ( p h d u . ) , . 50
2d m ori. 6 * . . . . . ........ 1902.FAA
53%
_ __
*eet Jersey A A lla n .
*•
21.
so
Ogden. &JL.C., Con.Bs.. 1920,AAOI ........ i> 3 % Cent. Ohio, 4 % g ............1930, MAS 101% 102
14
V s s t e r c M a r j .i n i ..
( P a l i . ) . 50
Chari. Col.AAug. 1st 78.1395, JAJ 101% 103
I o c . 6 « . . . . . . . . . . . . . . . . . . . . . . . 1 9 2 0 5. . . . . . 22
91
1 Hat. Col, A Augusta
M
92
Bn Hand, 1 s t,6 -........ 1902,MA.V ' u o
....... . Ga.Car. A Nor. 1st 5 g ..l9 2 9 , JAJ
100 i c o
__
film a g fu A Weldon
“
100
2d, 5*........................... 1S98,FAA 5100 j......... North. Ceut. 6 s................ 1900, JAJ 113 113%
100
6 s ................................... 1904, JAJ 117
fueonstn C e n t r a l... (B oston ). 100
7
7%
Preferred........... .
Series A , 5s..................1926, JAJ 111 11541 0 6 % ........
10©
25 ;
4% a............
1925, AAO
T ore'lt.N a sb.A K och .
“
Atlantic City 1st 5s. g., 1919,MAN 102 103
100 118
120
93% 99
»iw :r M a n i o t i .
BeivMere Let., 1s t ,6a .. 1902, JA D 113 ......... Ptedai.A Cum., 1st, 5 g . 1911, FAA
•12
Catawiss*. M ..7 s .........1900, FAA 115 ......... Pitts. A Connells. I s t 7 s .l8 9 8 , JAJ 110% U 1
M in in g ,..,... ( B o s t o n ) . 251 '10
113%
114
Virginia
Mid.,
1st
6
a
...1
906,
MAS
... J M in in g .. . . . .
**
9 | 9*4 Cleartteld A J e fl.,ls t, 6 s .1927.J a J .........120
26
dsy Passenger K K ... (Sait. ) .. 25(
2d Series, 6 s . . . . . ......... 1911 MAS 113% 114%
Connecting, 6 * ......1900-04, MAS
106
• 3d Series, 6a......................... 1918,MAS
lay Stare B aa.............. ( P o s t o n ) . 50
D el. A B ’d BrTt, 1st, 7 s .1905, FAA i*26 *
9
8%
75
Breton A A m .ls tM .,5 8 .1920,MAS 1 0 7 % ......... , 4th Series, 3-4-5a....... 1921, MAS
5
4%
10;
97
99
Antenniai Mining...
44
Elmir. A WUm., 1st,6«. 1910, J ,U . l t ? % ......... ! 5th Senas, 5 s .............. 1926. MAS
101
2%; 3
ort Wayne Electric!!
44
Hunt. & Br'dTop.C on.Ss.'S'i.A A O I 0 o % !..___ j West Va C A P . 1st. 6 g. 1911, JAJ 105 106
25 i
2%: 3
103%
104
Yaakiin Mining.......
•*
-■ N ,v. 4% s.................... 1914,O 10
- J 9 % ....... Weft’ L N.C. Oonsol. 6 g.1914, JAJ
9
25
8%
re n c b m 'ii'* K a y L ’ a d
41
2d 6s, gold ............................ 1397,JAD
109 109%, WUm. Col. A Aug., 6 s ..1910, JAD 115% 116%
2
5
1%
llnol* Steel ...............
•* 100i 48
MISCELLANEOUS,
General mort- 4%«, g. 1921. %— F 103*8.........
50
eanarve Mining__
44
6
25!
7 i Lehigh Val.Coal IstSs.g. 1933.JAJ 103% 104 ; Baltimore—City HaU6s. 1900, <1—J 111
F u n d in g s * -... . . . . ...,1 9 0 0 , tJ—J 111
orris Cisnal guar. 4. (P htla.). 100
Lehigh VaUey, 1st Us...1893, JAD 110% . .
Prelerred guar. 10.
14
West MarylM R R . 6 » .. 1902. JAJ 112
132% 133
2d 7 »......................
1910.MAS
IOO .........191
Water 5 s................1 9 1 0 , MAN 117% 113
soeola MIb u i * ........... (Potion). 25
Consol. 6 ............. .....1 9 2 3 , JAD 123 .........
23
23%
Funding 5 s................. 1916, MAN
Allman P alace C a r ..
44
100; 471 j 172% Horib Penn. 1st, 7 s ....1396, JlreN 106 ........
ulney Mining...........
44
8 0 : 91
Gen. M. 7s............................. 1903,JAJ
126 :.......... E xchange 3 %a.............1930, JAJ 101 ilO l%
25
71% 72%
aaiarac.k M in in g ....
44
Pennsylvania geit.6e,r..7910, Var 129 ;........ ; Virginia (State) 3a, n e w .1932, JAJ
25 162 163
alted a as lujpt.
(P hil.). ..
Chesapeake Odfi, 8a....... 1900, JAD 109
Consol. 6s, o
........1 9 0 5 , V »r
01% 62
*r«r P o w e r............... tPoston). lo o :
Consol. 5s, r...................... ...1 919 , Vnr
ii8 %
| Consol. O .V8,6r.............1 9 1 0 , J AD 115 115%
1 ! 1%
estio*..Elee. 1 *• pid. t Bo
5 s ................................... 1931), JA.1 i 103 104
<Adial.Tr. 4% g ...........1913, JAD
SO 50% 51
*•.!-. flea *»'n t ’> * *- I HV7 1 09 3
*-re
V V f
1f>AA..T4fT>
NS 1 P-.
4
AuAnta A C h a rlotte tP a U . ) .100
Breton A P ro* alCiiCe i p o s t o n ) 100 k M
W
■Camden A A U u tlc p f. ( P h t l a . ) 50
C .inw U aa....................
MAm
50
1st p r e f e r r e d ......
50
U p re fe rre d ............
50
Central O h io............... ( P a i l . ) . SO
Pn ctM

■** tlurereu.

of M ay

9 juu: secured laW W it,

t Liret prloe this wees.

1 ex-nghls.

768

THE CHRONICLE.

[v o l . L v m .

NEW YORK STOCK EXCHANGE PRICES (C o n tin u e ^ -^ O r /F S BONDS M A Y A AND FOR YEAR 1894.
R ailroad

and

Miscel. B onds. Inter't

C lo sin g
P r ic e

Period M a y

R a n g e (sa le s ) i n
L ow est.

7314

33%
2 0 b.
50 %

4»4b.
100 Mb.
95%
1 1 0 b.
1 0 4 b.
4 0 b.
115 b.
122%

1 1 5 78

111

100 a.
n o b.
1073*
104
743*
9 2%
85
9 9 ha

122 %

99%
103%
94 %b.

90%

1 173*b.
1103*11.

121i6b.
99
9 8 a.
3 2 i2b.
84%
128
1 15 %
110

IIII 4

b.
b.

10814

904*1).
117 Mb.
1373*b.
1 2 4 Mb.

11414b.
r10858b.
107
r 98

a.
b.

127 b.
103 Mb.
9 4 a.
120M
75 b.
1 3 0 b.
1 2 0 b.
7 3 b.
2 0 a.
9 9 b.
82%
89
111 b.
7 0 b.
2 7 a,
1 0 0 b.
98 b.
1 0 7 b.
7 5 Mb.
90 M
8 7 b.
6 4 a.
100% b.
1123*b.
GO Mb.
9 3 34
8 4 Mb.
87
1 15 b.
121 %
1 2 4 b.
116 b.
9 6 Mb.
n o b.

110

i>.

l0 5 M a .
114 Mb.
7 0 b.
9 5 a.
8 4 b.
1 1 0 b.
9 6 a.
5 9 b.
120
107M
I I P b.
10514 b.
125M
109 b.
: 80M b.
82 M
45 M

993*b.

123 J an . 129
9 7 M J an . 104
95
92
M ar.
119M Jan . 126M
7 0 M ar.
84

A p r.
A p r.
Feb.
A p r.
Jan.

Jan .
J an .
J an .
Jan .
M ay
Jan .
M ay
F eb.

120 M ar.
8 4 M A p r.
2 0 A p r.
100 M a y
91
F eb.
92M F eb .
113 M ay
7 9 A p r.

2 3 J an .
93
F eb .
86M Jan .
96
Jan .
6 6 J an .
9 0 M M ay
0 8 J an .
60 J a n .
1 0 0 Feb.
110 J an .
01
M ar.
8 6 J an .
7 9 J an .
81 J a n .
110 M J«tn.
118 Jan.
122 Jau .
113 Jau .
9 3 % Feb.
109 % A p r.
112M J an .
9 7 J au .
109M J an .
72 % Jail.
70
F eb.
8 2 J an .
108 J an .
93 Jau .
5 5 % Jan .
116 Jan .
107 Jan .
1 2 2 F eb .
106 M ar.
124 Jan .
1053* F eb.
8 0 Jan .
78
Jan.
41
F eb .
8 7 Jan .

2 7 M A p r.
102 A p r.
101M A p r.
108 M ay
7 9 78 A p r .
9 2 % Apr.
8 7 M A p r.
66 M ar.
1 02 A p r.
116 A p r.

117
72
15
95
82M
87
113
73

Railroad

and

Miscel. B onds.

68% Ai)r.

95
A p r.
85 A p r.
89 A p r.
115 4) A pr.
121% M ay
1 25
Mar.
115 7s Mar.
9 7 A p r.
113% Mar.
1 15 % Mar.
104 A p r.
110
Mar.
7 7 % A p r.
9 0 Feb.
843* M ar.
113% Mar.
100 M ar.
61 A p r.
120 A p r.
111
A p r.
124% M ar.
106
Mar.
130 A p r.
109% A p r.
8 3 % Mar.
8 3 % A pr.
4 8 % A p r.
1013* A pr.

I n t e r 't

C lo sin g

P e r io d M a y

R a n g e , (sa le s ) i n

4.

Low est.

Mo. P a c. ( C o n . ) — 3d, 7 s . . . 1 906 M A N 107 K 103 Jan.
P a c. o f M o.— 1st, e x ., 4 g .1 9 3 8 F A A * 9 9 %b. 9 5 Jau.
2d e x te n d e d 5 s ............. 1938 J A J 107 b. 99 Jan.
St.L. & Ir. M t .ls t e x t.. 5 8.1 89 7 F A A 103 b. 100% Feb.
2(1, 7 g ................................ 1897 M A N 105%
102 Jau.
C airo A rk. & T e x a s.7 g .l 897 j & j> 105 a. 9 7 M ar.
G en .R ’ y & land g r .5 g .l9 3 1 A A O
80
71
.Tun.
M obile A O h io—N ew , (5 g . . l 9 . 7 I A D 110 b. 111% Jau .
G eneral m o rtga ge . 4 s ___ 1938 M & S
01
5 7 % Jau.
Nash. Ch. & St. L —1 s t ,7s. 1913 .J A J 1 3 0 b. 125% Jan.
C onsol., 5 g .........................1928 A A O 1 0 1 %
9 8 Jan.
NatT S tarch M fg.— 1st. Os 1 92 0 M A N
9 9 a. 88 Jan .
N.Y. C entral—D eb. e x t .4 8 .1 9 0 5 M A N 102 % b . 1 0 1% Jan.
1st. co u p o n . 7 e ....................1903 J A J 125 %b. 123 Jan .
D eb en ., 5s, co u p .. 1 8 8 4 .. 1 904 M A S 108%
107 Jan.
N. Y. & H a rle m , 7s, r e g .1 9 0 0 M A N *117% b. 11 6% J an.
R. W. & i >gd.. co n s o l., 5s 1922 A A O 115%1> 1133* Jan .
W est Shore, gu a r., 4 s ___ 2301 J & J 105 a. 100% Jan.
N. Y. Chic. & St. L .— 4 g . ..1 9 3 7 A A O 10<)%
9 7% Jan.
N. Y . E le v a te d —7 s .............1 906 .J A J 1 1 1 %
10934 Jan.
N. Y . L ack. & W.— 1st, 6s 1921 J A .1 132 %b. 127% Jan.
C on stru ction . 5 s ................1 923 F A A 113 b. 110
Feb.
N. Y .L .E .& W .— 1st,co n .,7 g . 1920 M A S 1 3 0 b. 131 % Jau.
2 d co n so l.. 0 g ................... 1 969 J A D
7 5 b. 74% Jail.
L o n g D o c k , c o n so l., 0s,tr.l93 5 A A O 129
125 A p r.
N. Y. Out. & W .—R e f. 4s, g . l 992 M A S
84%
H‘2 % .1ail
C on sol.. 1st, 5s, g .............. 1939 J A I) 105*% 107 Jan.
N. Y . Sus. & W. —l s t r e f . ,5s g . 193 J A .1 106%
101% Jan .
M idlan d o f N. J ., 6 s. g . ..1 9 1 0 A A O 110 b. 115 *4 A p r.
Noi*r.& W .— 1 00-year, 5s, g .l 990 j & j
7 4 % A p r.
MU. A W ash. D i v — 1st .5 g. 1941 J A J * 7 9 a. 7 8 % A p r.
No. P a citic—1st. c o u p ., 0 g .1 9 2 1 J A J 111%
105% J n.
G en eral, 2 d , co u p ., 0 g .,1 9 3 3 A A O
8 0 b. 7 8 % Jan .
G en eral, 3 d. c o u p ., 6 g . . l 9 3 7 J A D
00
5 2 % Jan .
C 011.-01. m o rtg a g e , 5 g . . . l 9 8 9 J A I)
26%1>. 2 0 % Jan .
Col. tru s t g o ld n otes, 6 s. 1898 M A N
Chic. & N. P a c., 1st, 5 g . l 9 4 0 A & O t 4 6 >4
4 3 Jan.
Seat. L. S. A E ., 1st, g u .0 .1931 F A A f 50 b. H O
Jan.
No. P a cific A M on t.—0 g . . l 9 3 8 M A S
3 L 1). 3 0 % Feb.
< 0 . P acific Ter. C o.—6 g . . . l 9 3 8 J A J 101 b. 9 5
J an .
)h io & M iss.— Con. s. f., 7s. 1898 J A J 111 %l». 108 J ;.n
C on sol., 7 s ...........................1898 J A J 11 l% b . 0 0 Jan .
Ohio S outhern—1st, 6 g . . . 1921 J A D * 9114 a. 9 2 % F eb.
G en eral m ortga ge, 4 g. ..1 9 2 1 M A N
42 b.
Om aha & St. L o u is —4 g . . .1 9 3 7 J A J - 5 0 b. 4 2
I el).
O regon Im p r. C o .—1 st, 6 g. 1910 J A D 102 b. 9 2 % Jan .
C onsol., 5 g .......................... 1939 A A O
50
4 6 Jan .
Ore. R .& N a v.C o.—1st, 6 g . l 9 09 J A J 108
1 04 % Jan .
C onsul., 5 g ..........................1 925 J A D
72%
60
Jau .
P en n sy lv a n ia —4s, g ........... 1943 M A N
Penu. C o .—4 % g ., c o u p o n . 1921 J A J 1 12%b. 100 J an .
Peo. D ec. & E va n sv. 6 g . l 920 J A J
8 5 b. 7 4 Jau .
E v a n sv . D iv is io n , 6 g . . . 1 920 M A 8
8 5 b. 7 4 Mar.
2d m o rtga ge , 5 g ................1926 M A N
27%
19 J ail.
Phi la. & R ead . - G e n ., 4 g .1 9 5 8 J A J
74%
6 7 % J a n .'
1st p re f. in co m e , 5 g ........1 958
30%
2 0 % M ay
2d p ref. in co m e , 5 g ........1 958
20%
1 9% Jan .
3 d p ref. in co m e , 5 g ........1 95 *
1 5%
1 4% M ay
P ittsburg & W estern —4 g . l 917 J A J
83% b. 8 0 % Mar.
R ich. & D a u v .—C on., 6 g . . 1915 J A J 116 b. 100% Jan .
C onsol, 5 g ........................... 1936 A A 0 t 70%1). 105 Jan .
R ich. A W .P .T e r.-T ru s t, 6 g. 1897 F A A t 55% b. 14 0 Jan .
Con. 1 st & co l. tru s t, 5 y .1 9 1 4 M A S t 2 5%
1 18 Jan.
Rio Gr. W esteru — 1st, 4 g .1 9 3 9 J A J
68
0 7 % F eb.
St. J o . & Gr. Isla n d —6 g .,1 9 2 5 M A N
65 b. 6 2
Mar.
St. L. A San F r.—6 g ., C 1.B.1906 M A N l l l % b . 101 J au .
6 ., C lass C ......................... 1906 M A N I l l b. 101 Jan .
G en eral m o rtg a g e , 6 g . . ! 9 3 1 J A J
9 9 a. 82 Jan .
St. L. So. W e st.—1st, 4s, g . l 989 M A N
553g J au .
58
2d, 4 s, g., i n c o m e ............ 1989 J A J * 16 b. 1 0 % Jan.
S t.P .M .& M .—D a k .E x ., 6 g . l 910 M A N 117% b. 115% Jan .
1st c o n s o l., 6 g ....................1933 J A J 121 b. 115 J an .
“
re d u c e d t o 4 % g. J * ,T 100% b. 9 7 % Jail.
M o n ta n a E x te n s io n , 4 g . l 937 J & D
8 4 J an .
8614
S a n A u t.A A .P .— 1 st,4 g .,g u .,’ 43 J A J
5 7 b. 5 0 % J au .
So. C ar.— lst.O g .,e x . cou p.l92< »
105 F eb.
So. P a cific. A riz .—0 g . . 1 909 10 J A j
F eb .
9 2% a . 91
So. P a cific. C al.— 0 g ___ 1905-12 A A 0 108 b. 107% A p r.
1st co n s o l., g o ld , 5 g ........1 938 A & 0
92 a. 88 Jau .
So. P a cific, N. M .—6 g ........1911 J A J
9 5 % Jan .
Tenn.C. I. A R y .—T e n .D .,1 st,0 g A A 0
82 b. 7 5
J an
B irm in gh a m D iv ., 0 g . . . l 9 1 7 J A J
8 4 b. 7 7 Jail.
T e x a s A P a cific— 1 . 1, 5 g.-200<> J A D
7 2 34 .)an.
83^4
2 d, in co m e , 5 g ................... 2 000 M arch
17% Jan.
23%
T ol. A nn A r. A N. M.—6 g . l 924 M A N
70
5 5 M ar.
Toledo & O h io G u t.—5 g. 1935 J iSi, J 108 b. 104 Jan .
T o le d o Peo. & W est.— i g . 1 9 17 .r & j
83%
7 8 % Jan.
T ol. st. L. & lCan. C —0 g . .1 9 1 6 j & ] >*t 57 b. 5 8 % Jan .
U nion Pacific— 0 g ............. 1899 J A J 107 %b. 105 Jau .
E x t . s in k in g fu n d, 8 .........1899 M A S 100 %b. 9 5 % Jan .
C o lla te ra l r u -t, 4 % ___ 1918 M A N * 4 5 a. 4 0
M ay
G o ld « s, co l. tru st n o te s . 1 89 4 F A A
91%
82
Jan.
K a n . P a e .-D e n . D iv., 0 g .H 9 9 t f A N I 08 1*. 101
Jail.
1 st-con sol.. 0 g ................ 1919 t f A N
88 1). 82 Jan .
O regon S h o rt L ine— 0 g . . l 9 2 F A A
7
5
Jan.
8 6%
O r.S .L .A U t’ hN.—C o o .5 g .1 9 1 9 A A O
52%
48
Jan.
U .P .D en .& G u J f.con ., 5 g . l 939 J A 1)
42
Jan.
44:?*
V irgin ia M id.—G en .M ., 5s. 1936 tf A N
85% b. 70 J an .
“
sta m p e d gu ar
M A N
85 %b. 7 2 J an .
W abatfi—1st, 5 g ............... .".1939 tf A N 10434
102 J au .
2 d m o rtg a g e 5 g ................1939 F A A
Feu.
7 0 %b. 7 0
D eb eu t. M ., series B ........1 939 J A J * 20 a. 21 M ar.
W est, N. Y . A P a — 1 s t ,5 g . l 937 J A J 1013a
9 8 % Jan.
2d m o r tg a g e ........................1927 A A O * 2 0 b. 18% F eb.
W est. U n. T el.—Col. tr., 5s. 1938 J A J 1 0 7 b. 103 Jan.
W ise. C ent, C o.— 1st, 5 g . . l 9 3 j & j
0 4 F eb .
74
In co m e , ft g .........................1 937
* 1 8 a. 13% Feb.
c

1 1 4 A p r.
7 7 M ar.
38 M Mar.
3 2 M M ar.
53% A pr.
0 % Mar.
1 07 Jan.
99% A p r.
1 1 0 % Apr.
1 05% A p r.
51 A p r.
Feb.
115
124 A p r.
116 May
111 M ay
103% Mar.
H I M Mar.
107% A pr.
119% Mar.
1063* A p r.
7 7 M A p r.
9 2 % M ay
88 Mar.
100M F eb.
1 22 % A p r.
102 A p r.
105 A p r.
9 4 % A p r.
9 2 M A p r.
119M F eb.
116M F eb .
122 M ar.
101% A p r.
100M A p r.
35M A pr.
87 Jan .
130M A p r.
1 1 5 M A p r.
117 A p r.
lll% M a v
100 M M ay
108 Mar.
109 A p r.
9 1 % M ar.
118 A p r.
141
M ar.
1 25 4 A p r.
121
A p r.
112 Mar.
112M A p r.
109 A p r.
100 A p r.

lll% b .

100
107

1894.

H ig h e st .

c*
T

A m e r. C o tto n O il, d eb ., 8g. 1900 Q - F
A t.T o p .& S .F .— 1 0 0 -y r .,4 g .l9 8 9 J & J
2d 3-4s, *r., Cl. “ A ” ............ 1989 A <fc O
C ol.M id la n d —C ons., 4 g . l 940 F & A
A tl. & P a e .- G u ar., 4 g ___ 1 93 7
W . D. in co m e , Os___ _____ 1 910 J & j
B r o o k ly n E le v .—1st. 0 g . .l 9 2 4 A A O
U n io n E le v a te d .—(5 g ___1 937 M & N
C an ad a S ou th ern .— 1st 5 s . 190.8 J & J
2d, 5 s ...................................... 1913 M & S
C e h i. G a.—S. <feW.1 st c o n . 5s. 1 92 9
C en tra l o f N. J .—C o n s .,7 s .l 899 Q - j
C o n s o l., 7 s ............................1902 M A N
G e n e ra l m ortg a g e, 5 g . . .1 9 8 7 J A J
L e h .& W .B .,co ij.,7 s , as’ d . 1 900 Q - M
“
m ortg a g e 5 8 .1 9 1 2 M A N
A m . B o o h & l n m „ 5 s ___ 1921 J A ,J
C en tra l P a cific.— G old . 6 s .1 898 J A J
C hes. & O h io.—M ort., 6 g 1911 A A O
1 st c o n s o l., 5 g ................. 1939 M A N
G e n e ra l 4 % s, g ................... 1992 M A S
It. & A . D iv ., 1 st c o n ., 4 g. 1989 J A J
“
2d co n ., 4 g. 1989 J A J
E liz . L e x . & B ig S an .” 5 g. 1902 tf A S
C hic. B u rl. & Q .—C on., 7 s . 1903 I A J
D e b e n tu re, 5 s ..................... 1912 M A N
C on vert ih ie 5 s ...................1903 M A S
D e n v e r D iv is io n 4 s ......... 1921 F A A
N eb ra sk a E x te n s io n , 4 s . 1927 M A N
H a n .& 8 t.J o s.--C o n s ., Os 1911 M A S
C h ic. & E . 111.—l e t , e. L ,O s. 1907 r a D
C o n s o l., 6 g .......................... 1934 V A O
G e n e ra l co n s o l., 1st, 5 s ..1937 tf A N
C h ica g o & E rie .—lb t., 5 g . 198 ‘. M A N
I n c o m e , 5 s .......................... 1 9 8 “
O ct.
C h ic ,G a s L . & C.—1 st, 5 g . . 1 937 r a j
C hic, M il.& fc t.P .— C on. 7 s . 190" r A j
1 6t, S ou th w est D iv ., O s.. 190: r a j
1 st, 8o. M inn. D iv ., Os ,.191< r a J
1 st. Ch. & P a c.W .D i v ..5 s. 1921 r a j
C hic. & M o. R iv . D iv ., 5s 1 92 ( r A J
W ise. & M m u ., D iv., 5 g . 1 9 2 1 r a .1
T e rm in a l 5 g ..................'..1 9 1 4 r A J
G en . M ., 4 g., series A . . . 1981 1 A J
M il. <k N o r.—1st, * o n .. Os. 1911 r a d
C hic. & N. W .—C o n s o l.,7 s. 191* Q - F
C o u p o n , c o ld , 7 s ................1 9 0 ‘. J A D
S in k in g lu n d . Os................1921 A A O
S in k in g lu n d , 5 s ........... . .1921 V A O
S in k in g fu n d , d eb en ., 5 s . 1932 tf A N
2 5 -y e a r d eb en tu re, 5 s . . . 1901 VI A N
E x te n s io n , 4 s ..................... 1 92 ( F A A
C h ic. P e o . & St. L ou is—5 g . 1922 t f A S
C h ic.R .I.& P a c.—Os., c o u p . 1917 I A J
E x t e n s io n and c o l., 5 s ... 1934 J A J
3 0 -y e a r d eb en tu re, 5 s . ..1 9 2 1 tf A S
C hic. St. P. M. & O .—G s ....l9 3 ( r A D
C lev elan d & C an ton .—5 s .. 1917 J A J
C. C. C. & I .—C ou8ol., 7 g .1 9 1 4 r a d
G e n e ra l c o n s o l., 6 g ........ 1934 J A J
C .C .C .& St. L.—P e o .& E .,4 s .l9 4 ( V & O
In co m e , 4 s ........................... 199C A p ril.
C ol. C oal & I ro n .—0 g ........ 1900 P A A
C o l.H . V a l.& T o l.—C on.,5 g .1 9 3 1 M A S
G e n e ra l, 0 g ......................... 1904 T A D
D e n v e r & R io G r.— 1st, 7 g.luOO M A N
1 st co n s o l.. 4 g ....................1936 r A J
D e t. B . C ity & A lp e n a —0 g .1913 J A J
D e t .M a c .& M .—L d .g ra n ts. 1911 A k O
D u l. So. Sh. & A tl.— 5 g . . .1937 T A J
E .T e n n .V .& G a .—C on., 5 g .l9 5 6 t f & N
K n o x v ille & O h io, Og___ 1925 .r A j
F t, W . & D en v. C ity .— 0 g . . 1921 r a d
G a l.H .& S a n A n .-M .& P .D .ls t,5 y t f A N
G en . E le c tr ic ,d e b . 5 s, g . . . l 9 2 2 J A D
H o u s .& T . C ent., gen . 4s, g . 1921 A A O
Illin o is C en tra l.—4 g ......... 1952 A & O
In t. & G rea t N or.— lb t , 0 g.1919 tf A N
2d 4 -5 8 ................................... 1909 t f & S
I o w a C en tra l.— 1st, 5 g ___ 1938 J A D
K in g s C o. E le v .—1 st, 5 g . . 1925 •I A J
L a c le d e G as.— 1st., 5 g ___ 1919 Q - F
L a k e E rie & W est.— 5 g ___1937 J A J
L . S h ore.—Con. o p ., 1 s t '7 s . 1900 r A .1
C o n sol, c o u p .. 2 d, 7 s ....... 1903 J A D
L o i-g 1 -la n d .— 1st c o n ., 5 g.1931 Q J
G e n e ra l m •rtgage 4 g ..1 9 3 s J & D
L o u is. <fcNash.—C ons., 7 s . 1898 A A O
N. O. & M ob ile, 1st, 0 g . . l 9 3 0 I & J
“
“
2 d, 0 g . . 1930 J A J
G e n e ra l, 0 g .........................1930 .1 A D
U n ified . 4 g .......................... 1 940 r a j
N ash. F l.« k S h .-ls t ,g t d .,5 g .’ 37 P A A
K e n tu ck y C e n tia l.—4 g . l 987 J A J
L o u is. N . A . & Ch.— 1 st.,Os. 1910 r a j
C o n sol., 0 g .......................... 1910 A A O
L o u is . St. U & T e x a s .— 6 g. 1 9 17 P A A
M e tro . E le v a te d .—1st, 0 g .1 90 8 J A J
2 d , Os......................................1 899 M A N
M ich . C ent.—1st, co n s., 7 s . 1902 M A N
C o n sol. 5 s ...........................1 902 t f A N
M il. L a keS li.& W .— 1st, 6 g .1 92 1 M A N
E x te u . & Im p., 5 g ...........1 929 F A A
M o. K . & E .—1st 5s, g., g u .1 9 4 2 A A O
M . K . & T e x a s .— 1st, 4s, g . 1 9 90 J A D
2d, 4 s, g ............................... 1 99 0 F A A
M o. P a c.— 1 s t ,eon ., 0 g ___ 1 920 M A N

4.

____

......

^ N o t e .—“ b ” in d ica te s p rice b i d ; “ a ” p r ic e a s k e d ; th e ra n g e is m a d e up fr o m a ctu a l sales o n ly .

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

1894.

Highest
100%
100%
103%
109
103%
81
116
02
130
02
89
104%
120%
110
120%
115%
105%
1 00 %
111%
13 2 %

A pr.
A pr.
M ay
Apr.
A pr.
Apr.
A pr.
Apr.
M ay
Jan.
Feb.
A pr.
A pr.
Feb.
A p r.
A p r.
A pr.
Mar.
A pr.
M ay
11212 Jan.
137 A pr.
86 Mar.
129 M ay
8 5% A pr.
109% Apr.
1 07 % A pr.
1 17 % Jan.
7 4 % A pr.
81 A pr.
1 14% Mar.
8 9 % Mar.
* 4 % A pr.
31*3 Mar.
4834
55
38%
101
111 %
111 %
97

A pr.
A p r.
Mar.
M ay
Apr.
A p r.
Mar.
‘i S H Jan.
5 0 A pr.
103 A pr.
6 0 M ar.
108% Mar.
7 4 A p r.
1 13
M ay
87X2 M ay
8 5 A pr.
2 8 % A p r.
78
Mar.
3 9 % Mar.
2 7 % Mar.
2 1 % Mar.
88 A pr.
1 1 6 ^ M ay
t7 4
A p r.
15 7 % A p r.
i 2 7 % A p r.
71
A p r.
0 9 % A p r.
113 A p r.
113 A p r.
98 A p r.
0 2 % A pr.
2 o % A pr.
121 A p r.
122 Mar.
101% A pr.
8 9 % A pr.
5 9 % A pr.
110 Feb.
9 4 % Jan.
1 08 % Mar.
98 A pr.
9 8 % A pr.
8 5 % A pr.
87 A p r.
8-134 A p r.
2 0 % A p r.
70
A pr.
1 07 % Mar.
8 4 % Mar.
16 4 A pr.
111
A pr.
103 Feb.
49
Jan.
9 2 % Apr.
109 May.
97
Mar.
9 “2 7s Mar.
50 % A pr.
4 8 34 A pr.
9 0 A pr.
9 0 A pr.
107*2 Apr.
79
Apr.
2 8 7e Apr.
1 0 L>2 Apr.
2 2 Jan.
107 Apr.
763^ Mar.
18 Feb

t T ru st receip ts.

NEW YORK STOCK EXCHANGE P R IC E S-* Continued). —INACTIVE B O N D S -M A Y 4.
B E C U R ITIE B ,

R a ilr o a d

B id .

A sk.

B on d s.

(Stock Exch ange P rices.)

A la b a m a M id .—1 st. g . , g u a r ..1928
A. T . & 8. F .— 2d, 4s, Class B .1 9 8 9
C ol. M id. 1 st, g ., 6 b ................. 1 936
A tla n tic & Danv.— l8 t g., 6 s .. 1917
A ’ * Pan.—2d tV .D .,g ll. 6 s ,.1 9 0 7
Balt. A O hio— 1st. 68, Park B .1 9 1 9

t.

1005

90
*75
ii5
1

95

11 6

B E C U R IT IE B ,
B. & 0 . — Tons, m o rt,, gold ,5 8 .1 9 8 8
W. V a. & P itts.— 1st, g.. 5 s.. 1990
B . & O .S . W ., 1st, g., 4 % s ... 1990
M on on . R iv er, 1st g .,g . 5 s . .. 1919
Oent’ lO h io R e o r.— 1st, 4 % s .l9 3 0
Ak.<fe C h .J u n o.—I s t ,g ,5 s ,g u .l9 3 0
Bout. H . Tun. & W .—D eb. 5 8 .1 9 1 3
B rooklyn E lev a te d — 2d, 5 s . . . 1915
B ru n sw ck & W ’n — 1st, g. 4 s, 1938
x> K * pw+fl —O p t .. Sfl.i 09^

k o p r ic e F rid a y ; th e s e e r e t h e la te s t Q u otations m a d e th is w e e k .

B id.

A sk.

115% 118

___

107
i f 3««
102
72

73%

OQlp

99%

S E C U R IT IE S .
B .R .& P .—R o c h .
V ., 1st, 68.1921
R ooli. & P itts.—C o n s .ls t , 6 s .l 922
Burl C ed. R a p . & N o.—1st, 5s. 1906
C onsol. & e o lla t. tru st, 5 s . . . 1934
M inn. & 8t. L .—1st, 7s, g u ..l 9 2 7
I o w a C. & W est,— 1st, 7 s ___ 1909
Ced. R ap . I. F. fo N ., 1 st, Os.1 920
1st. 58..................................... 1921
C .O hio— Co). J -.C tn .M .l8 t,4 V M 939
RR.
l a n k .—Col. c.ftf . t 0 ?

Bid.

Ask.

121
1 )9 % 120
107
*95%
115
105%
100
100
95
b3

_
_
..

8644

87

THE CHR0N1CL&

May 5, 1894,]

769

N E W Y O R K S T O C K E X C H A N G E P R I C E S .— I N A O T I V E B O N D S — f C o n tin u e d
SECURITIES.

Bid.

8ECTJBITIE8,

Bid.

A Y 4.

SECURITIES.

Bid.

Northern Pacific—(Continued.)
E.&T.H.— Wil.Co B r.lst.g.,5.8.1930
Cent, o f N. J.—C’onv. deb.. 6s. 190.8
56
HeleuaABedM’n—1st,g .,6 s .1937
Cenn-ai Pacific— Gold bds, 6a, 1895 l o t ' s ....... .!
Ev.AKich.—latgen.5s,B-.gu.l931
100
Duluth&JIanitoba—lst,g.68l9 36
65
Gold hoods, 6 s .......... - ........1896: 105 H 5% Srans, A Indian.— 1st, e o n s ..1926
70
Dal.&Man Dab.Div.—lstOs.1937
65
Gold bonds. S*......................1897! 105 'IOC's Flint A P, Marq.—M o rt, 68— 1020 112
75
98
Coeur d’Alene—1st, 6s, g o ld .1916
San Joaquin B r .,6 s .......... ..1900; 1 0 6 % ........ [ 1st eon. gold, 5 s.....................1939
91
Gen. ls t ,g ., 6s..................... 1938
Port B (iron—1st, 5 s ............ 1939
Mort. itold 5 s . . . . ....................1939 '97
Cent. Washington—1st,g.,6s.l93S
101
Fla. Con A Pen.—1st g, os__ 1918 105
Land grant, 5s. « . ..................1000
;____
N orfolk & South’n—1st, o * ,g .l9 4 l 100 h
1st con. ft., 5 s ........................ 1943 96%
Cal A O . Die., e rf., it. 5 s ...19181
60
N o r fo lk * West.—General, 6S.1931 115
Ft Worth a R. O.—1st tr., 5S..1928
Wsii ? . " ,
i ‘ >-> 105
102
New River, 1st, 6 s ................ 1932 109
Gal. Bar. A San Ant.—1st, 6 s .1910
S'
St, o s .l «>7
110
Im p. A E xt., 6s.......................1934
Gal. B , AS. A .—2d m ort., v s .. 1905
50-year ns............................1939
Adiustment 51., 7 s................1924
Ga. Car. A Nor.—1st, gu. 5s, g.1929
cues. A O.—For. M. fund, 8S.1898 109 110
Equipment, 5s........................ 1908
Ga. So. A Fla.—1st,
6s........ 1927
*9, gold, series A ................... 1908
Clinch Y al. 1st. 5s..................1957
. Grand Bap. A Ind.—Gen. 5 s ..1924
85
Craig Valley—1st, e „ 5 s ....1 9 4 0 ‘ 93%
20
RoanokeASo.—1st, gu. 5s, g.192‘2
G. B. W, A 8t. P.—2d inc. tr. reels
Warm 8pr. v a n , 1st. *. 5 s ..1941
Scioto Val. A N. E.—1st, 4s,.1990
Htmsatonle—Cons, gold 5s___1937 115
Ohes. 0 . A io . W e st.- 1st 6s, a . 1911
77%)
Ohio A Miss—2d consol. 7s. ..1911
2d. 6s....................................... 1911
N .Haven ADerby, Cons.53..191S 110%
Sprtag.Div.—1st 7s............... 1905
Oh. V .—Gen,ccm.l*t.gtt.g.5o. 1939:
Hoas. A T. C.—'W aco A N. 7S..1903 105
113
General 5s..............................1932
1st S-. 5s lint, gtd,................1937 105 105%
Chicago A A lton—8. F „ 6s. ...1 903 : 113%
101
Ohio R iver R R — 1st, 5s.......... 3 936
Cons. g. 6s tint, gtd).............1912
Lon is. A U o. River—1st, 7s.l900 115
101
I Gen. g .,5 s ...............................1937
Dri-ent. 8s, prin. A int. gtd.1897
90
2d, 7s................................... 19fXi, 107
85
84
Oregon A Califor.—1st, 5s, g . 1927
Debent, -is, prin. A int. srtd.1397 80
fit. L. Jack*. A Chic.—I’ d. 78.1996 107
50
____ 'Oreg. R yA N av.—Col.tr. g..5s.l919
. Illinois Centra;—1st, g.,
4*...1 951 '108%
MUs.R. B r id g e -1st. a. !,. £*.1912 104
S3
97% Pan. Sink.P d Subsidy—6s, g. 1910
(M e . B a il A N a ? .-lr t ,S s .„ .,1 0 2 « 103% ........ 1st. gold, 3 % s .......................... 1951
93
98% Fenn.-P.C.CASt,L.Cn.K.4%sA1940 ’ 102% 103%
1896 ICO ......... Gold 4 s ,.................................... 1951
D ebt ii tore 6 *..............
.......i|
Do
do
Series B ......... 103
Ohio. Burling. A 6 .—5s. s. {..1901 105
Cairo Bridge—4*................... 1950
P .C .A S .L.-lst,0.,7s................ 1900
Iowa B it .—S ink, fon d, 5 s ..1919 105
Spring.'. Div.—Conn., 6s___ 1898 105** .......
.......
Pitts. F t W. A C.—1st, 7 s... 1912 136*4
95
Middle Div, - Reg., fts..........1921 107
Sinking fund, 4 s....... ..........1919
85
2d, 7 s ...................................1912 135
C .S t. L. A N , O.—Ten. L ,7a.1897 109%
Plain, 4*.................................. 1921
3d, 7 s .................................... 1912 'ISO 132
1st, consol., 7 s ................... 1897 109% 110%
Okie A Indiana Coal—1st 5s. 1936 .........100 jj
Ch,St.L.&P,—1st, con .5 s,g... 1932 ■ im *
2d. 68...................................1907
Oh!. MU. & 8 t P .- U t .8 a ,P .D . 1898; 115 115%!;
Cler. A P.—Cons.,a. Id., 7a.I960 116i«
S old, 5s, c o u p o n ................1951*116
* 4 ,7 3-109, P. D ................... 1898 120
Gen. 4 % s,g ., “ A” . .... ...1 9 4 2
1 s t 7s, $
B. D ................... 1902 126 128
M euip,D iv., 1-t g. 4 s.......1951 *^7
119
Bt. L .V .& T .H ,—1 s t,6 s .,7 s .1897 109
120
i
Dub.
A
8.
C
—2d
Div.,
7s
...1894
'101
l«t, I. A Si., 7 s . . „ ................ 1897
.........
2d, 7s.................................... 1898
1st. 1. A U.,7f>.......................1899 119%
I Ced. Falls A M ins,—1st, 7*..1907 91
2d, guar., 7 s.........................1898 loft
1st .C. A M., 7 - .......................1903 126 ....... Ind. 1>. A Spr.—let 7s, ex. c p .l9 0 e
100
G 4 B. AX,B X1-—1* t,4 %s, G. g. U U 1 101
1st, I. A D. E xten sion,7 a ..1908 ■131 132 ;Ind,D, AW.—1st os, g.,tr.rec.,1947
P eo.A E .-Ind.B .A W .-lst,p{.7».1900 111
1 s t La C. A Day., 5s.......... .1918 •M3 ....... . | 2d, 5s, gold, trust receipts . 19*8
; Ohio tnd.AW.—ls tp r e l.5 s ..l9 3 S
la c. M. bond*, trust receip ts___
1st, H. A D,, 7ft..................... 1910 127 128
1st, H. A D „ 5 s . . . ............. ..1 910 168%: 107 'Und. Ills, A iww,(.~-l.*t. g, l*.. 1930 ........ ! 80% Peoria A Pek. Union—1st, 6 s .1921 i i o "
03 *6:i ' "
i rit. A * N’ u— 1st,6».g,..............1919 112%J113y ! 2d tnortg., 4% s.......................1921
Chicago A Pacific Div., C*..1910 1*20 122
- Dol.—1st, « * ...
as
Mineral Point Div. 5*. . . . . . . 1910 10 6 % 106% : KinfBtCo.-F.I-.L.is!,i*.g.,jjru.A, 1929
Pitts. & L. E r .-2 d g. os, “ A " . 1928
a i l Sap. Div., 5 s............. 1921 105 ......... !.akc Erie A West.—2d g., 5s. 1941
Fargo A South., tj*. A * « u ...102-1 113 ......... ! . . A M.8ou.—B .A E.—New 7*.’08‘ 111% 1*12% Pitta. Me. K. A Y .-lflt Us..._ 1932
____ ,Pitta. Puinsv. A F.—1st, 5 s ... 1916 ------ . . . . . .
In,: eonv. sink. lan d, 6*. ...1 9 1 6 9 7 : _____
Dor. M. A T .—1st, 7s........... 1906 'i-'Ci
Dakota A S t. South,, 5s___ 19!>. 106 107
l^tke Shore—Div. bonds, 7s,
113% ____ -,’ ilts. 8 h « l. A L. E.— lst.g.,5s. 1940
. Pitta & W est—M. 5s, g .1801-1941
MILA {for. main lit,,— 0 *.. .1910 •115
: Km Ali. A U. It— 1st g.t.5-,1938 UO
80%
Chlc.A.v. W.—30 j car deb. 5s, 1921 106% 108
'Pitta. Y’gst’ nvtA.—1st, 5s,con, 1927
MalioliV Coal KK— 1st, 5a, 19341 111
**
101 % Pie*. A A m . C e n t—1st, 6s, g .llU 6
Eseanaba a L, 8 .1 st, 6 *___l o o i 106
iLahlkhV..N.Y.—1st gu.g.4% s.l940 lo o
2<1 Incom e 6 s . . . ......................utu>
Dee M. A Mian.—1st, 7 s ....1 9 0 7 : 120
leh lgb V i’e n o .—1st gu 5*.g.l041j 107 108
Rich. A Dauv.—Debenture 6s. 1927 * s T *9 5”
Iow a M idland—let, 8s..........luoOj 120
Lehigh V 'j C oal—I*t5»,gu.g.l933| ......
95*'
Equip. M. «. {., g „ 56.............1909 76
Peninsula—1st, cunv., 7 » .., 1698;
i .ilchl. Ciar.A West.—1st 6*. g .19161'..**.
95
AU. A Char.—i*t, pref., 7 s ..1897
Chic. A Milwaukee— let, 7a. 1899] 113% :........ Long Island—1st, 7 * ................1898 ....... 112
t0*»
Win. A 86. P.—2d, 7.,............. 19071 128%! 1*6%
do.
Incom e, 6s___ 1900
N. V. A I f way B .~ 1st,g .5 s .1927
.........
W ash.O .A W .-l-t,4a,gu.cy.,U i24 *05"
MU. A Mad— 1st. do............. 1905. 111 ! ...* ..'
24 metrtg.. m e.......... .......... 1927 3 7 % 43
R loG r. June.—1st, g!1-, g., o».193s
Ott. O. F. A 8!. P.—1st,5*.- 1909 1 0 8 : ........ .
N.V.AM att.Beat*,—1st, 7s, 18971
Northern 111.—- 1st, 5 s .......... JOlo lots : ...... : N .V.lt.AM .B.—I«t<-nli.5s,g.l035
99* ib T * Rio Grande So.—1st, g.. 5 s ... 1940
[fit Jos. A Or. Is.—2d in c.........1925
B r»o 81’ u A Me u Iau k — 1st,68.10411
Oh.Pee. A 8t.L .—<t.m , I «wmS4.193!J ‘
Kan. C. A Omaha—1st, 5 s .. 1927 *45
OLK.I.AP.-D.M.A V. D. 1 »t * 4 .1901
) > ( .: * * ................................191.)
lilt, 2 % * ............................. 1905
fit. L. A. A T. II—2d prof. 7 s .. 1894 1112*8
60
l3HH*.Ev»n«.A St. L.—Cou.5* .1939, *49 i
2d in. inc. 7a..............
1894 loo**
Ikiu,-...vNa.*l,
:-. 1.-. 7-..TM 7 lo8% !
K ites d oll, 4 *.................... 1905!
Dividend bonds....................1891 *65
Keokuk A De* M.—1*1
1923 98 jloO :; K. 11. A J»b *U.~1st 6*. g ___1919! 113%]
Bedov. A So. 1H— 1st, 8 »...x 8 9 0 iu 7
Pen* o Ota ills - ■ u, u* . ...1 9 * 0 110% .........
(M e . A BW LiAtfh.) - 1-t, 6*.. 1i>16
Chic. fit. P. A; Mont.—Ist.ris...1 9 1 Hi 126 -1*7
Bellev. A Car— 1st. 6s......... 19*3 100
fit. .L*mis Division, 1st, 6 s ,..1921 115
fit. Paul AS. C.—1st, tia.......1918 125
Chi fit. L.A PudL—lat,gd.g.5s 1917 lo o
8 4 ,3 s ....................................1980 *54
8t, Louis So.—1st* git. g, ls.1 9 3 1 '*85*4
Okie, A W. Ind.— 1 s i. «»1., 6i,1910l
A Docntur—1st, 7*..19001 U S l i e
Hi
80
8. {..6s
do
2d ineom o ,6 m.1 933
General mortgage, 6- . . . . . . 1932
120
A N . Ala.
...1 9 1 0 104
C:
- .. .... ;
:' 7 : 10-40, goM
..1924 l m J. . . . . . 11 Car. & SbawL— 1st g. 4 s .. . . 1932 '2 0
111%
*<1, gold, 4 %*....... ................. 1 M37
50 year 5«.
...................1937
••
....... ...1 8 9 5 “lOO
95 j ........ . Eciulp., 7a
ClB. D. A Ir'n—1*W gu. 5*. g. ltnli
Pen*. A At.
,6 s , g o ld ...19*1
81% 82
Wev. A k. A C «U - E*j. A 2d 6*.103t>|
Collat. tru.
97 ! . . . . . . i; Q eoera ltis.. . . . . . . . . . . . . . . . . . 1 9 3 3
............... 1931
CtC.C. A fit. L., Cai
67
1st, trust, gold, 5ft...............11)87
■ ia /m y j a * ™ ....... -lUm.N Al dtCe.—<*«tLms g.5«.X940
70%
92
MftQham *n Ky.—Cobul 4*....... 1990
19HN)j SMJ
8t.Lon.Dlv.—1«t
90% 03*4:i Consol, g u a r.,4 s. . . . — . . . . 1990
48
4 i,'lM 0 l . . . . .
W,Cblom £m’ n—fm ,g, 1934
....... .ji KttU. City AeB.—inu as, g , . . 1910
- l l t k U.. 1940 90
bU At ClmrL-Hfc. gold. .19*21
. . . . . . H Ft. 8. At V. B. Bis. -1 s t, 6 » ... 1910
(MarWmbMUn%
,4 «.lF 9 l[ *m
rrrnit: m e o il. Xmn. M#s, 7 s ...* .. .,19X51 ._____
. . . . . . . . . . J ! Kansas M idland--1st, 4s, g.1937
Ota. t, 8L I.,-, At Cv—i
, 1 93%
As, g .lO llj ......... . . . . . . 8t. Foal At D iaJutil—1st,5 a .... 1931 H I
O objwyI ,ft»....... .
,
..,.,.1 3 3 9 ..... .. . . . . . . ' 2d morirntm-Srn.................••19X7 10 )%
Gn.Bmi.&Lrl —ik m .l*t,g 6», i&te 105
. . . . . . ....... 1 BL Faui Minn & M .—lftt, 7 s ..1909 109%
. I mrroftUH&Ai-1
QL{»L Oils* 1**4. —I “ t,
’ 85
........ 11 2d mort.* 6a.............................1909 117% 118%
M#XI mm
113*.
O ia M l.#Ink. fti.Bd,. 7 a . . . . . . . 1914
2d* teeom e, 6#, “ A” , ......1 9 1 7 ! . . . . . . f . . . . . . ! j M iM eap. Union—1 s t , 1 9 2 2 117
{to re . A
V,—clout. 5*
liKMino*
** B M . . . . . . 19171 . . . . . f. . . . . . If Mont. Con.—1st, guar., Os. .1037' U S u i T
110 |'
Coiotjiib ia k G ree a-—18
1 191 til
1st guar. g. 6 * . . . . . . . . . -----..1937 lt*0 101
Mickigm» t;«ntrai-“ tks. ....... .lfo& j U 5 ’f .........
' id , 6 4 . . . . , . . . . , . . . . . .
......1 9 3 1 ! l i t L . . . . . n East. Minn., 1st div*. 1st 5 s . 1008 100% 102
Dei. L m *, Ac
87
100
.
.
.
.
.
.
San
Frau, & N. F.—1st, g., os. 1910
_____
ISMO!
Mo
iB % |
B jm . Bing. k N.
128 |
2( .VAlrgD. -1st,: g.gu.1910| ........ . . . . . . I »uuEli CaroHna—2d* 6 s .....*.1 9 3 1
-1st, i —*.19141 i 38 !
ijB o r r t o * %
V.&G
104
I
,*
....
!
Income*,
0«.................
.....
..1
9
3
1
M u .: 8,<feWs—
58.1907!
Bond*, 7
j m i> ►i m .. i
..... .....1 9 2 1 l £f>H VZih Bo. Poo. Coast—1st, guar.,4a. 1937
...,I 9 0 0 { 1X5
7* o f 1971 —
I A»h t*l UisiBimi 1st, O s.. 10251 1 2 3 % f......i' fer.KR. A s’ a o f Bt. L.-lst*4%«, 1939
— 190,1s 119
X#t%06®.| jfllJMT.*
Income*.... . . . . . . . . . . . . . . . . . .
105 j . . . . . . !;F©Jcas & New Orleans—1st,7a. 1905
..*.1915f 140%
D%L At Hod
bubmu Division, 1st, 6 a .___1912 106
Oou
7i,1894- 102%:
Minsutit Bt. L*—1«1 g. 7s.........19*271 121 I........ .
Fa* D iv., coup,, 7 * .. ;... — 1917 140
Consul. 3 a g ....... ...................1943
11 Iow a E xtensioo le t,7 s.......190iM 111 118
Albany
Third
Avenue ( N .Y ).-la t 5», 1937 110 117%
I 24 mortg., 7 s ... .................. 1891:*......... 135
,7*19061 125 !
1st, ca m ,, guar., 6s. *. ...,19001 117
Ttd. A. A. A Cml— 0 8 .............1017 *60
! SottUiwest Ejel- l . t , 7«.......191u 135% 146
77% 85~
JBess. At Saar,—1st, eotj-ii.. 78.1021; 141 %|
T oled o A. A . A W d Tr,—g. (is. 1921
:| F a o iiie E x t - l s i ., 6 « ............ 1021 ’ ......... ;l« 3
70
D m r t f City Cable—1st, 6
| Im pr. & ®quipment,
9 2 2 1 ......... 1*20 Tol. A. A. A Mt. Pi.—69.......... 1919
■ 6s......1
------■■
-19
...............
>
- ....D U O
Mum. At Fan.—1st mortg., 58.1936
D siit . Trmtuwsy-Cous. m , tf,19161
M ttrypol, B
y
*,^ 1 9 ill
74
94 i......... T.AO.C— Kan.A M „ Mort. 48.1090
:M tu n i f.F.ifeB.B.M—1st c,g.4»,i938
75
I>»sv. At .ft.
g., 5 i i Qffitl
100 % 102
1Mo.K .A T.—K,. €,& F., let* 4S#g.1990 7 0 ! ..........Ulster A Del.—1st,eon.,6 .,5a.1028
1;
.
1
.1890 104
le t,'5*. g u ..-1 9 4 0 ; .........! ......... Union PuciflC—1st, 6s—
t> M . A W
54. 19 3 7!
A* Tnnn. Y ». &
-h , 7 »., .1900 j iY i%
1807 105%
1st, 6 »...........................
M :«*oun Pacific—Trust 6S...1917
Dtrlalonal 5 s . . . . . . . ____ — 1930; 108 4
1st, 6a...................................... 1898 *107%
l » t coll., 5«, $ ....................... 1 9 2 0 ].......... ■ 75
1st ax t,, go 14,64 ............ — 19371 39 : 42
Bt L .A 1. 5 1 A rk.B r.,! - i , 79.18051 10.i%'UI5%: Collateral Trust, 6a.............. 1908
4 Iam ., g., ,>s........... .
Collateral Trust, 5 s.............. 1007 *72%
Mobile A Ohio— l« t ext., 69 .-10 37! .........
76
Mobile 4 JBirei,—-1st, g., >#..1937}
T|„
, rrT1........
Karinas P a cific- 1st 6s, g ...I 8 » 5 102 _T
66 L. A Cairo 1*, guar.......1931! *80
Alsbftfiia C «ai f al—1st t>I...1918} 100 ........ ; Morgan'* La. A TV—*1st, tin
__ „„
1st, 6a, g ............................... 1806 i0 3
1020 113%
Mrle—1st, extended, 7 b,..
C. Hr. U. P.—F. e., 7 s.......... 18S5
Wl\ 108%
104
le t, 7 , ......................................1918 124 i.
Id , ext#? ailed, 5 # .. . . . . . . . ...*1919! 113 !,........ INindi, Ch*A A fit. L.—2d, 6 s ..1001! 108
Atch. Col. A F ac— 1st, 6 s... 1905
51%
extaiided, 4% §.. , . .
14%
Ateb. J. Co. A W.—1st, 6a...1905
109 (.......... N. O. A. No, L. i’r. !., g .,69 ..1»15i . . . .
t t t t f exteiided, 5s,. . . ___ — 1920; m
U. P. Lin. A Col.—lB l,g .,d s. 1918
47
;113% N. Y, Central.—Deb. g. 4«-----1905' 103 . . . . . .
v flitfe* exieiicled , 4m___ ... . . -1928| 102 103 I N. J. June—Guar. 1st, 4 a ...1080] .........: iu
45
Oreg.B.L. A U .K -cofitrst., os.1910
iuii
40
% 1st, eOB,, g., f d , 7* . . . . . .—.1920}
Utah A North— 1st, 7s........ l ous
136
Beech Crw.-k—Ifd.goid, 4 s.. 1936:*103%
103%
t
lm li^n, 6 « . . . ,. .
Gold, 5 s ..............
1026 — —
107
i o i |::o7% t)»w. A Horne—2 4 ,0 8 ,g.,gu. 1915]* 107
....
,1B. X. V, A E,—1st, I t . . . ....1 9 1 6 ’ 130 [_____ji
Ottga A HI. K ir.—4», it., gn.1922 102 108 i Otah Southern—(Ifn ., 7S...10O9 ...... 90
1
t (IT. Y. L. E. A W,—Ool. tr. ,6s, 1922 ‘*102 j:!0fi ; N. Y, A Pah—1st. g., 4». gu.1093 I 0 t % 1 0 r %
Exten., 1st, 7 s................... 1009
90
Fttndcd c o o p .,5 s .......... ..- 1 9 0 9
Valley t f y Co. o l O.—Con. 6s. 1921 .........
'IS. Y. S . H. * 11.—I n , rev 48.1003 *105
105
70
Wabash—Debenture, ber. A ..1 9 J 9
___19081 . T..T1.,T} .
IN. Y. A Nut them —let, g. 5»..1927:*113
113
....
£-<&$erso a —1«%, gu,
%. V, oil**!. A West.—2*1, 4 hi*. 1937!
89 1 Dot. A Ohio. Ext. 1st, os, g ..lt)4 0 100 102
...1 9 0 9 11. . . . . . :l o o
Oeal At S.BL—4S«....
No. Missouri—1st, 7 s .......... 1893 100% 107%
____
Gen. mort., 5*. g ................. 1040, ......... 93
----1922
I>o*.Se4clm|»t.,l«i i\
l e t A M i x —lsi.4s.gn.19l2
3t. U K.C..AN, -KjB .A K H .7s. 1895
e y ,l9 l3 -TT-tf-r | ___ S.
100
8t.CharlesBr’ g6— 1st,6«... 1908 105% — MsuteMM BVttMg#— i»l
........ North'll Pacific—Divid'd « n j ext. i
1—.19331
Mfstn4, m 'T.B«-~l#k,c
West.
Va.
C.
A
Pitts.—1st,
08.1911
*#..1921;115 " Jam <•-* Kiver Val.—l»t, Ba .,1938 . . . . „.
- 1
""""***
1st, gCfftsrsui, !■:», 5t
Wheel.AL.E.—let. 5a, g o ld ...1926
105%
78
— 19421 A— ., |-,. . . . . |i Bpokaiie A Pel.—l*t, 6a.......1936
M l Y efuoo ist t»»
.........fit.Paul A N. P-—Gen., 8 4 -1 9 2 3 1 ............... 118% ' Extension A Imp, g „ 5a. . .. i * <• *08
>•i, 1913 i
A o |Hm Fr)4»y; these aie %m h

qt letallons made (hi* week.

F o r M i s c e ll a n e o u s a n d U n lis t e d B o n d s . - S e e 3d page preceding.

THE CHRONICLE

770
J m

r c s t m

R oads .

c x i t

AND

3

> a x I r o iit l

| i x t c l l i

0

e x x c jc »

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
ta in s extended tables o f the Stocks and Bonds o f Railroads,
<tnd other Companies, with remarks and statistics concerning
the income, financial status, e£c., o f each Company. It is
published on the last Saturday o f every other month—viz.,
January, March, May, July, September, and November, and is
'furnished without extra charge to all regular subscribers o f
the C h r o n i c l e .
I he General Quotations o f Stocks and Bonds, occupying six
pages of the C h r o n i c l e , are published on the t h i r d S a tu r­
d a y o f each month,

RAILROAD
R oads .

EARNINGS.

Latest Warnings Reported.
Week or Mo

1894.

1893.

|Jan. 1 to Latest Late.
j

14.304
A dirondack------ F eb ru a ry .
14,248
47;361
38.964
A la. M idland... M arch.......
Allegheny V ai.. jM arch____ 182,616 238,588
A rk. M idland. F e b ru a ry .
5,688
7,663
A toh.T.& 8. Fe. 3d w k Apr. 616,518 694,338
St. L. & San F. 3d w k Apr. 134,467 145,727
Agg. to ta l... 3d w k Apr. 751,165 840,065
Atlanta&Char. January...
54,554
64,863
20,682
A ustin & N’w est jDecem ber.
27,435
B.&O.EastLines' M arch....... 1,318,321 1,673,538
W estern Lines;M arch....... 420,855; 591,626
T otal............ March
1,739,176 2,265,164
BaL&O.Sou’ w.q 4 th w k A pr 122,624 145.074
B ath& H am ’nds M arch.......
1.645
1.701
Bir. <fc A tlantic.. M arch.......
1,932
3,427
B rooklyn E lev .. 4th wk Apr
37,653
40,956
Buft. Roch.&Pitt 3d wk Apr.
60,207
75,059
Buffalo & Susa. F ebru ary .
15,867
Bur.C.Rap. & N 2d w k Apr.
51,247
67,010
Oam den& A tl.. March
56,405
49,411
OanadianPaeific 4th w k A pr 372.000 457,000
Oar. Cum. G&Ch. January...
3,505
3,788
Car. M idland__ M arch.......
4,760
4,991
Central o f N. J .. M arch. . . . .
895,258 1,223,690
Central P acific.. F e b ru a ry . 789,159 932,166
Central o f S. C-. January,..
8,673
9,835
Char.Cin.&Chlc. M arch.. . . .
16,385
15,778
67,112
January...
Charlest’n & S a v.______
57,327
Char. Sum. & N o. |M arch, ___
18,000
16,000
Chat’qua L ake.. 1February .
2.645
3,218
C beraw .& D arL .jFebruary.
13,037
9,439
Ches. & O hio___4th wk A pr
177,916 243,405
Ches. O. & So. W. February
154,499 194,012
Chic. Bur. & N o. M arch___
137,134 206,397
Chic. Bur. & Q.. M a rch .... 2,719,855 3,367,559
Chic.<fe East. I ll. 3d wk Apr.
87,280
79,593
Chicago & E rie. February.
160,174 225,891
Chic. Gt. West’n 3 d w k Apr.
62,384
73,606
Chio.M iL&St.Pf 4th w kA p r 644,055 813,145
CMo.&N’thw’n.. M arch....... 2,428,963 2,755,710
Chic.Peo.&S.L... 3d w kA pr.
20,552
18,727
C hio.R ’k I .& P .. A p ril......... 1,373,370 1,393,051
Ohio.St.P.M.&O. M a r ch ..... 614,035 718,559
Chic. & W. Mich. 3d wk Apr.
37,352
29,634
C&h. Ga. & Ports. M arch.......
5,097
5,631
Cin. Jack <feMac. 3d wk Apr.
11,709
15,249
Cin.N. O. & T. P.;M arch.......
319.000 374,105
A la. Gt. South. M arch ....... 119.000 161,486
N. Orl. & N. E. M arch.......
101.000 121,342
A la. & Vioksb. M arch.......
49,045
44.000
Vioks. Sh. & P. M arch.......
43,748
41.000
Erlanger Syst. M arch....... 624,000 749,726
•Cin. Northw’n .. F e b ru a ry .
1,54<‘
1,298
Cin. Ports. & V.. M arch.......
22,436
19,681
Col. & Maysv. M arch.......
752
1,164
O ev.A kron& C o. 4thwkM ch
24,923
24,937
CL Cin. Ch.&S.L. 3d w k Apr. 221,413 248,204
Peo. & Easffn. February . 114,644 118,510
Col. Newb. & L . January...
9,604
7,137
Col. H. V. & Tol. M arch....... 219,506 276,323
Col. Shawnee &H M arch.......
39,253
60,875
Colusa & Lake.. M arch. . . . .
1,832
1,200
C rystal...............F ebruary
1,052
1,324
Current R iv e r.. 3d w kA p r.
2,613
2,994
Denv.
R io Gr. 4 th w k A p r 146,100 183,800
Det.Lans’g& N o. 3d w kA p r.
22,485
19,630
DuluthS.S.&Atl. 3d w k A p r 1
33,086
35,671
16,853
D uluth <fc Winn.. February .
9,731
J3.Tenn.Va.&Ga 3d w k A p r.
94,077
83,236
98,944
Elgin.Jol.&East M arch____
99,955
Eureka Springs. January...
6,279
6,379
Evans & Ind’ plis 3d w k Apr.
7,296
5,434
Evans. & R ioh .. 3d w k A p r.
2,119
2,895
Evaoisv. & T. H. 3d wk A pr
23,315
19,926
Fitchburg.......... |March
541,661 635,281
F lint &P.Marq.. 3d w k A p r.
44,474
57,668
Florence............. January.
14,973
10,880
Fi.Cent. & Panin M arch ...
241,673 153,385
27,101
F t. W. & R io Gr M arch ...
21,008
722
534
Gads. & Att. U - M arch ...
21.892
Georgia R R ....... 4th w kA pr
19,959
54,132
Ga. CaPla & No- jM arch.......
63,976
69,452
Geo. So. & F la ... tMarch.......
69,518
3,480
George t'n & W’n !J anuary...
3,078
48,657
35,923
Gr. Rap. & Ind. . 3d w k Apr.
9,795
Cin. R.& Ft. W. 3d wk Apr.
6,718
834
1,438
Traverse City. j3d w k Apr.
3,553
1,845
Mus. G. R. & I. j3d wk Apr.
63,443
45,320
Total all lines, j3d wk Apr.
GrandTrunk— IWk Apr. 28 324,157 352,132
72,819
Chic. & Gr. Tr. Wk Apr.21
63,246
20,723
Det.Gr.H.&M . Wk Apr.21
18,788
1,465
1.415
Gr. P.Wal. & Br. J anuary...
G u lf & Chicago Ma>-eh. ..
3.415
3.533

1894.

1893.

$
i
$
28,305
28,277
126,013
151,989
612,188
489,753
15,823
12,359
9,076,399 11,135,698
2,222,322 2,538,189
11,298,721 13,673,887
64,863
54,554
305,417
258,869
3,639,465 4,385,422
1,038,788 1,566,483
4,678,253 5,951,905
2,003,056 2,227,816
4,961
4,818
8,785
5,396
646,682
592,359
947,906
846,357
1,048,557
134,585
5,230,126
3,505
14,557
2,554,032
1.648.960
8,673
43,744
67,112
48,400
5,433
17,860
2,847,510
326,784
397,655
7,784,728
1,081,443
353,006
1,070,598
9,034,638
6.780.960
298,776
5,432,336
1,757,998
446,032
14,028
191,276
896.000
356.000
310.000
137.000
138.000
1,837,000
2,721
47,826
2,245
214,133
3,540,689
227,160
9,604
576,157

1,111,992
122,009
5,963,582
3,788
15,697
3,388,128
1,876,226
9,835
41,168
57,327
54,800
6,861
21,761
3,243,210
404,921
515,476
9,402,088
1,308.345
461,151
1,277,598
10,603,816
7,434,928
377,528
5,666,634
1,973,817
552,133
14,715
213,603
997,756
462,063
373,726
149,846
145,552
2,128,943
2,868
57,641
3,039
233,232
3,947.213
243,833
7,137
803,318

5,255
4,117
1,644
2,748
41,170
38,757
1,981.022 2,785,195
350,468
300,116
390,121
558,863
33,381
19,920
1,679.858 1,821,116
237,188
284,683
6,279
6,379
112,214
86,770
365,881
340,885
l ,4 7 4 ;i l 0 1,697,713
906,478
775,751
10,880
14,973
451,693
702,783
79,376
60,720
2,323
1,563
490,526
455,107
137,395
197,955
221,554
230,132
3,480
3,078
688,374
546,284
145,649
108,842
17,237
15,158
44,310
27,195
895,569
697,499
5,450,271 5,972,531
879,993 1,064,286
316,895
280,655
1,415
1,465
10,827
11,208

[VOL. LVIII.
Latest Earnings Reported.

|Tan. 1 to Latest Late.

WeekorMo] 1893-94. >1892-93.

j 1893-94, ; 1892-93

«g
j
g*
j
Great North’n $
bi, 1*. AT. A: M March..
762,3831,077,604' 2,092,783 2,695,841
53,8741
69,2651
180,066
East, o f Minn March
237,583
132,5611 104,4611
350,920
Montana Oem M arch___
285,701
948,821 1,251,3311 2,023,769 3,219,126
Tot. system. M arch ..1,0261
1,6141
1,026
H a rtsv ille...........January...
1,614
2,8651
3,137
7,295
Hoos.Tuu.&Wil. Maroh.......
8.041
34,057
37,075
109,234
Hous.E.&W.Tex March
112,838
10,0001
11,818
30,500
Humest’n&Shen .March
37,062
1,4S4,287 1,667,131 4,399,133 4,665,920
Illinois Central. March
27,002
36,286
81,767
Ina.Beo.<& West. March
116,473
72,373 109,248 1,005,838 1,405,620
In,<feGt. North’n 4th WkApr
48.300
46.468
702,589
Unteroo. (M ex.i Wk Apr. 14
660,125
36,046
32.367
554,233
Iowa Central. . 3d w kA pr.
560,650
4,126
4,093
11,583
Iron R a ilw a y .. M arch.......
9,658
299,837
Jack. T. & K. W M arch....... 102,030 106,242
311,971
7,815
6,296
Kanawha&Mtcb 3d w k A p r
102,868
98,623
4,588
85,334
4,905
Kan.O. Cl. <fe8p. 3d w k A p r.
84,217
84.367 1,173,031 1,469,342
70,816
K.C.F.S.&Mem 3d w k A p r.
15,030
329,012
K.C.Mem.&Bir 3d w k A p r.
18,281
363,559
1,144
7,279
83,938
K, C. Pitts. & G. 3d wk Apr.
24,890
3,637
3,224
55,488
Kan.O. Sub.Bell 3d w k A p r.
56,582
7,946
86,944
Kan.C.Wy.&NW lthwkM eh
7,165
82,589
253
326
3,095
KaD.C.ABeat. 4tkwkM ck
3,718
7,414
7,037
114,817
Keokuk & West. 3d w kA p r.
118,269
6.956
16,850
L. E rieA ll. & So. M arch......
7,666
22,725
56.285
68,761
905,456 1,099,076
L. Erie & W est.. 3d w k Apr.
33,364
47,084
Lehigh & H u d .. A p ril........
275,063 270,836
Long Island-----M arch........
22,265
29,561
Louis.&M o.Rlv. F ebruary.
47,119
63,938
26,539
33,702
Louis. Ev.&St.L. 3d w k A p r.
433,946
559,555
Louisy.&Nasliv- 3d w kA p r. 320,665 392,430 5,817,076 6,745,256
53,146
57,592
Louis.N.A.&Ch. 3d WkApr.
740,900
892,934
34;616
49,611
89,533
Lou.St.L.& Tex. M arch ...
144.939
8,038
12,646
186,404
Loulsy. S ou th .. 3d w k Apr.
215.453
5,368
5.515
20,554
Macon & B irm .. M arch.......
19,566
933
933
Manches.&Aug. January...
1,323
1,323
Manistique
983
10,156
15,881
39,618
March
16,270
25,014
Meinphis&Chas. 3d W kApr.
491,057
385,406
’ Mexican Cent. 4th w kA p r 225,236 225,116 2,814,729 2,662,585
180,643 165,809
359,634
M exican Inter’l. February
377,917
83,904
77,349 1,261,842 1,370,080
[Mex. Rational. 3d w k A p r.
Mex. N orth ern. F ebru ary.
51,029
102,979
IMexican IP way Wk Apr. 14
60,986
67,057
910,229
941,438
7,652
7.169
22,514
Mineral Range. it k w k Jan
23,539
Mlnneap.&St.L. March
143,845 1 6 0 ;il3
391,531
413,444
M. 8t.P. &3.S.M. 1st wk Feb
45,542
281,319
43,379
246,623
H o.K an.& T ex.. 3d w k Apr. 169,466 209,002 2,655,506 2,650,181
Mo.Pac.&lronM 3d w k Apr. 393.000 420,000 6,7.14,866 7,984,898
89,470
83,344
Mobile & Birm. 3d w k Apr.
4,765
5,186
253,032 250.115 1,089,055 1,116,672
Mobile & O hio.. April.........
Mont. & Mex. Gli M arch....... 102.000
268,864
292,000
91,456
Nasb.Ch.&St.L. M arch....... 408,320 438.115 1,177,606 1,274,378
Nevada Central January...
2,827
3,824
3,824
2,827
19,435
N. Jersey &N.Y. F eb ru a ry .
20,306
41,971
42.799
NewOrl.&So’ n_. ls t w k A pr
1,336
36,187
2,107
29,248
N .Y .C .& H .R .... March
3,547,767 3,965,464 9,722,855 10,706,860
N. Y. L. E. & W. March
1,991,648 1,644,650 5,287,639 6.939,994
N.Y.Pa.&Ohio.. F eb r u a r y . 364,651 536,094
769,041 1,060,718
N .Y .& N .E n g ... December
6,019.208 6,220,493
130,704
N .Y it Putnam. March —
47‘ i o i
48,782
127,377
N .Y .O n t.& W . 4th w kA p r
81.434
84,360 1,017,224 1.109,301
'354,092
368,282
137,075 135,102
N.Y.Susq, <fcW .. March.
Norf. & South’ n. March.
42,607
41,537
96,443
109,327
N orfolk & West. 4th w kA p r 177,175 221,532 2.981,720 3,256,818
61,235
N’theasi’n (S.C.) J anuary.
58,004
58,004
61,235
North’nCentral. M aroh...
495,554 604,879 1,331,194 1,664,010
North’nPaoitio. A p ril.. . .
1,113,581 1,653,257 4,067,278 5,857,912
3,362
Oconee & W est. M arch ...
8,724
2,610
1,038
Ohio R iv er......... 2 d w k Apr.
208,181
170,571
12,297
16.288
232,868
198,752
Ohio Southern.. 3d w k Apr.
16,500
12,200
105,035
Omaha & St. L .. F eb ru a ry .
49,224
49,421
83,548
809,051
859,022
O regoalm p. Co. March
316.148 294,900
Pennsylvania... Maroh
4,912,362 6,095,892 13,074,512 16,146,176
266,278
225,894
PeoriaDee.&Bv. 3d w kA p r.
12.565
16,129
139,942
55,644
136,369
50;518
Petersburg........ M arch.......
643,977
474,626
Phila. & E r ie ... F eb ru a ry . 239,640 322,573
5,196,153
4,208,757
Phiia. & Read’g. March.
1,534,844 2,059,025
Coal A ir . C o... March.
1,247,510 1,974,667 4,311,962 5,776,287
TotalbothCos. March.
2,782,354 4,033,692 8,520,719 10,972,440
10,137
8,793
3,431
3,756
Pitts. M ar.&Cli. March
85,001
81,034
Pitt.Bben.&L.E. March
32,924
30.300
435,991
383,316
94,975 131,636
Fittsb. & W est.. A p ril..
247,654
192,136
69,114
Pitts. Cl. & Tol. A p r il.
48,578
82,142
72,367
Pitts. Pa. & f . A p r il..
15,312
32,373
765,787
647,819
Total system.. 4tli w kA p r
65,274
41,008
256,040
P itt.Y oung.A A . M arch.......
174,926
69,382 105,679
74,089
Pt. R oyal & Aug. February .
67,295
38,615
43,673
31,000
Pt.Roy.&W.Car. January...
32,915
32,915
31,000
61,991
20,121
23,921
53,567
Quincy O.&K.C. March
R ich ’d & D anv. 3d w k Apr. 180,450 203,710 2,604,692 2,791,663
608,920
627,418
41,170
Georgia Pae.. 3d wk Apr.
34,309
214,368
216.037
Char C.&Aug. 3d w k Apr.
14,050
12.805
189,274
208,026
9,384
6,895
Coi.-& Greenv 3d wk Apr.
122,123
109,815
Rieh.Fr’ksb.&P. F ebruary.
63,036
53,408
4.214
R . NicTsv.Ir.&B January...
4,244
5,597
5,597
87,151
81,582
33,676
Rich. &Petersb. March.......
29,558
187,245
94,362
4,661
10,259
Rio Gr. South’n. 3d w k Apr.
607,737
37,400
43,200
521,928
R io Gr.West’n.. 3d w k Apr.
25,634
27.2S1
Sag.Tusooia&H, M arch.......
10,605
8,865
13,404
12,354
6,203
6,305
Sag.Yal. &St. 1.. F ebru ary.
482,857
30,470
29,030
423,703
St. L. A. & T. H 3d w k Apr.
8,141
2,984
St.L.Ken’ et&So. M arch.......
2,389
7,657
St.L.Southw’rn. 4th w kA p r
95,200 131,100 1,378,745 1,706,989
375.922
94,716 131,856
269,677
St. Paul& D ul’th March
147,449
127.038
San Ant. & A .P . January... 127,038 147,449
203,455
S. Fran.&N.Pac. 3d w k A p r.
14,247
14,185
1S4.909
137,052
36,032
110,896
43.806
Sav. Am. & Mon. March.......
870.923
926,041
Sav.Fla. & West. M arch....... 288,834 295.173
80,352
Sher.Shrey.&So 3d w k Apr.
3,990
89,609
5,248
6,073
3,352
3,352
Silverton.
6,073
January...
49,420
44,714
Sioux City & No. February
18,103
23,166
18,583
27,171
27,171
18,583
South B ou n d ... Januaiy,.
421,174
354,439
South Carolina. M arch....... 122,000 133,463
So. Pacific Co.—
729,901
633,323
Gal.Har.&S.A February
293,603 363,427
205,620
173,143:
Louis’ aW est.. F eb ru a ry .
80,985
95,193
934,910
Morgan’sL&T. F ebru ary. 403,877 412,487
931,810
33,813
N .Y .T .& M ex. F ebru ary .
14.582
15,050
32,558:
315,613
204,227:
Tex. A N , Orl. . F eb ru a ry . 122;344 155,861;
923,465 1,053,958 2,062,866 2,217,773
A tlantic sys.5. February
pacific system February 2,097,40712,473,421 4,358.735: 5,074,210
Total oi! all. . February 3,020,872:3,527,379 6,42i;60I| 7,321,983
CoastDiy(Cai.)
684,625! 785,526 1,427,166; 1,586,701
Sou. D ir. (C a l) £ Febr’y
365,511
327,520
A rizona D iv .. February .| 164.125 178,100
176.919
141.866’
8 8 .2 2 0
71.824'
N ew M ex.D iv. F ebru ary .

May 5, 1894.1
R oads .

THE CHE0N1CLE.
la te s t E arn ing! Beported.

ITeekorMo 1893-94.
SoatbA Nor.l'ar. January...
fipar.Un. ACnl. January...
Staten Isl. R. T. March.......
StooyC l.A C M t.. F ebruary.
SummitBranch. March.......
Lykens Talley M arch.......
Tot'l both Co’f M arch.......
I eras & Pacific. 3d w k Apr.
r*x.3.Y a!A X .W M arch......
To: A. A. A No. M. M arch.......
MMfcO
i
, Ith w k A p r
JM. P. A West. 3ii w k Apr.
r o l.8 t .L .4 K .C . 4rh w kA ur
o u t e r * D «a ... M a rch ... ..
Onion P a c ific On. Par. R R .. February .
O r » . L 4 U . . 'i February .
O r.K y.A N .O o F ebruary-i
O. Pan. D. A G . February .
F t W th & D .C .; F ebruary. j
8t.JOf.A-ad.Is. February :
Kam,C,A0m. F ebru ary.
Tot-8t.J.AG,I. 3il xvk Apr.

1892-93.

771

f Jan. 1 to Latest Dale.
1S93-94,

1892-93.

T h e fo l l o w i n g w ill fu r n is h a c o m p a r is o n o f t h e w e e k ly
r e su lts f o r a series o f w e e k s past.

$

W E E K L Y GROSS EAR N IN G S.
$
$
917,
1,046
9171
1,046 Period and number o f roads 1894.
1893.
9.477'
9,480
9.471
9.480
included.
$
67,818'
63,658
$
173,590:
177,009 2d week o f Feb. (73 roads) 5,729,517
904
1.261
2.0-4
2.6 5 6 3d week o f Feb. (76 roads) 5,950,781 6,710,789
69,019 102,439
6,957,055
205,5311
322,371 4tli w eek o f Feb. (75 roads) 6,103.302
6 2 ,111
91,319
170,973
259,324 1st week o f Mob. {77 roads) 6.151,034 7,(162,363
131,130 193,607
6,991,361
376,504
5-1,695
111,542 121,676 1,903,290: 2,149,674 2d week of Melt. (73 roads) 6,339,355 7,167,145
3d week o f Meh. (78 roads) 6,434,478 7,419,391
______
,
4.181
4.711
11.092
13,60a 4th week o f Moll. <82 roads) 8,806,220 10,239,683
97,318
.........
250,084
1st
week
o
f
Apr.
(75
roads)
6.047.398
6,994,302
18,523
16,697
433,268
678,630 2d week o f Apr. (72 roads) 6,063,533 6,936,702
18.635
17,046
264,106.
287,095 3d week o f Apr. (74 roads) 5.923,270 «,758.565
30,120
31.9.56
420,415:
561,708
4th week o f Apr. (19 roads) 2,919,533 3,613,559
28,321
27,795
7 4 ,0 13 ;
70,220

995,776 1,760,776 2,026,135
360,027' 382,881'
703.873
207,064 250,3*4:
434.033
215,070 3*0,769
433,51:5
77,8961 116.339
1-8,342
75,585
90,088
143,537
10.090
15,618
20,874
1 9 ,3 -19,972
296,276:
C en ter.......... February.
34, t l i
40,130
69,031
Ach.' 1AAA w } feb rn ary .
29,170
49,604
58,767
Montana On . F eb ru a ry .
23.219
30.307
49,117
Man.A l * Bar. February .
3,373
3,362
6,779:
fir’ d total. *r February . 2,200,051 2 857,285 4.472,692
Wabash..............it b u k Apr 240,OOo 311,060
3,6 16,062
West Jersey.......M arch......... 121,981
133,161
299,420
W.V.Cen.A P i t t - M arch........
75.369'
99,900
217,445
West Va.& Pitt- F ebruary.
23,731
26,691
4.9,742'
W e it M aryland.'M .irch........
92,462
93,601
232.965'
W e s tS .Y , A Pa ith w b A r .r
58,200
-- ,7 0 0
903,2 >8
Wheel. * L. Erie 4th » k Apr
33.809
43,105
897,940
Wii.Chad.ACon. January...
1.633
1.825
1.683:
WiL Col. & A oeJJa im a ry... 1 52,159
55.620
52,159
Wrlghwv.ATen..' M arch____ J 6,892
6,619
21,330

-Changes.A m o u n t.

8
dec.981,272
d e l,006.274
dee.958,561
dec.840,277
dee.828,090
,0
dec 984,913
d e l.433*462
dee 9174)04
dee, 37 *1 6 4
deo.S35,295
d eo.6 9 4 .0 2 i

p . cl.
14-63
14-47
13 -57
12-03
11-55
13-28
14-00
13-54
12-3 9
12-36
19-20

8 1 6 ,03 3

Net Earnings Monthly to Lalest Dates.—T h e table fo l­
lowing s h o w s t h e n e t e a r n in g s r e p o r t e d t h is w e e k . A full

394 ,57 5

returns c a n be o b t a in e d , is g iv e n o n c e a m o n t h in these
columns, a n d th e latest sta te m e n t o f th is k in d w ill be found
in the C h r o n i c l e o f A p r il 21. T h e n e x t w ill a p p e a r in the
issue o f M a y 19, 1804,

2,665,568
538,411
708,367
243.SS4
188,048
33,625

d eta iled s ta te m e n t, in c lu d in g a ll r o a d s f r o m w h ic h m o n t h ly

87,17
Gross Earnrags.Eel Punt hi /.-.
107,006
1894,
1893.
1894,
1893.
Jtoads.
$
67,051
9
543,027
561,042
6,930 B. A O. S ou th W c.b Mar.
192,309
183,795
Jan. 1 to M ir. 31___ 1,534,030
6,019.278
557.093
Nov, 1 to Mar 3 1 ___ 2,583,775 2.837, } T i
4,212,060
9 3 3 ,3 8 0
928,875
8*0,608 Canadian Pai-ifle.a. Mar. 1.382,119 1,569,462
413.371
507.305
250,5
J an. 1 to Ma r. 3 1 ___ 3,927,126 4,364,363
970,930 1,262,144
48,394 Cent, o f N. Jersey, a . Mar..
393,258 1.223,090
233,201
461,069
256,982
Jan. 1 to Mar. 3 1 ___ 2,554,032 3,388,129
673,763 1,216,005
1,159.584
137,134
206,397
35,185
464,350 Clue. Bur. A North, b Slur.,
85,007
Jan. I to Mar. 3 1 ___
397,055
515,476
87,127
1,825
160,925
55.620 Chic. Burl. A Quin, b Mar. 2.719,855 3,307,5*9 1,113,202 1.131,785
19,696
Jan. 1 to -Mar. 31___ 7,784.728 9,402,723 2,834,430 2,917,552
Clev, Akron A G o l.b ..Fes.
66,092
73,949
10.550
1 I n c l u d e s M ilwaukee * Northern tor all periods.
15,660
Jan. 1 to Feb. 2 8 ....
137,639
35,440
114,256
* Figure-* given do not include Leavenworth Topeka A Southwestern
22,617
July
1
to
Feb.
28.
.
.
.
606,510
670,357
171,182
a Figure* cover only that part o t m ileage located in South Carolina
170,095
6 Includes earning* from fe m e * , etc., a ct given separately. ♦M exi­ Den. A R. Grand*, b . Mar.
480,468
731,801
177,506
321,042
can currency, * include* only half o f tinea in Which union Pacific ha*
Jan. 1 to M ;,;»3 1 ___ 1,493.222 2,150,695
502,70S
911,321
a half interest, a Includes Ohio * Mi-.-a.-lppi in both ycar.-.
July l to Mar. 31 . . . 4 ,<H0.«97 7,159,906 1,924.232 3,108,664
Elgin Joliet A B, a .., Mar.
99,955
98,9*4
35.319
28,673
Jan. 1 to Mar. 3 1 ___
2^4,683
237,193
90.464
Latest Bros* Earnings by Weeks,—T h e la te st w e e k ly
53,393
Ju ly 1 to Alar. 3 1 ___
811,142
695,133
272,001
197,470
e a r n in g s in th e fo r e g o i n g a r e s e p a r a t e ly s u m m e d u p a s Eureka Springs........ Jan.
6,379
6,279
4.393
5,397
fo llo w s ;
a e o r g ia ... .........a .. Apr.
88.603
87,502
19,933
5,324
Jan. I to Apr. 3 0 ___
4 5 3 ,1«7
490.326
132,019
100.060
F or the fou rth w eek o f A pril ou r statem ent covers 19 r o a d s,
July l to Apr. 3 0 ___ 1,208,129 1.304,062
472,135
385,092
a nd show * 19-20 p> r cen t lo w in the aggregate.
Kan. C. Ft. 8 .A M. a Mar.
420,370
513,481
132,615
149,580
Jan. 1 to Mar. .-it___ 1,205.139 1,430,479
357,363
435,682
July
1
to
Mar
31___
3,74t,0U6
4,139.928
1,103.032
1(A meek o f .1
1,320,655
1894,
Iwmmm, . Deer a ie.
18 0 3 .
Kaa.C. Mem. A B .a , Mar.
82,950
101.897
7,361
23.901
*
Jan. l to Mar. 3 1 ___
230.145
314.463
46.335
*
s
85.153
Balt. A Obi# Sentim ent.
July 1 to -Mar. 31 . .
9 5 9 ,7 1 1
122,624
930.123
109,311
1*5,074
195,282
Brooklyn Elevated___. . .
3 7 ,6 5 40,996
Loturv. A N ashv.d. Mar. 1.638,499 1.892,31 1
616,859
828,974
C anadian Pacific.............
3 7 2 -0 0 0
4 3 7 .0 0 0
Jan. 1 to Mar. 3 1 ___ 4,794.2 *0 5.567,751 1,881,095 2.015,719
Chesapeake a O hio.........
1 7 7 .9 ls
2 4 3 ,4 0 '
July 1 to Mar. 3 1 . . .J 14,550,143 17,252,080 6,755,601 6,537,0 : i
Chicago MUw. * St. Paul,
0 •4,0 5 5
813,143
Mexican C entral— Mar.
711,219
702.415
209.134
253.082
D earer A R io S ta n d s___
1 *6 ,1 0 0
1 *3 ,8 0 0
Jau. 1 to Mar. 3 1 ___ 2,120,651 1.8 18,947
094 498
603,671
-Georgia..............................
21 ,* 0 2
19 ,959
1,933
Grand Trunk o f Canada.
Mian. A fit. L om ».« .Mar.
143,913
160,113
5-r>,066
32 4 ,1 5 7
3 5 2 ,1 3 2
62,075
Jan.
1
to
.Mar.
3
1
.
.
.
.
In tern '! A «,t. N orth 'u. . .
391,331
4
1
3,4(4
7 2 ,3 7 3
117,881
130.829
10 9,24 8
M exican Central..............
July 1 to Mar, 31 . . . 1/417,088 1,523,23 4
22\2*V
511,111
235410
581,129
170
S ew York tint. A Wearn
h 4,3-60
81.431
N.Y.L. E. A West'll.uMar. 1.991.048 2.611,650
•541.398
-933,654
NorfoU A 'W estern.... . . .
177,173
2 2 1 ,5 3 2
Jan. 1 to Mar. 3 1 ___ 5.297,639 0,939.’#»M ‘ 1,148,782 *
•PSttsbarg A Wcetera.......
4 1 ,0 0 *
6 5 .2 7 4
Oct. 1 to Mar. 3 1 .... 112,'.93,390 14,820,966 - 3,512,953 *
05*200
fit. LfiWU fiontbwearern..
1 3 1 ,1 0 0
810.155
Norfolk A Weal a - .. Mar,
940,932
230,128
272.729
Toted,* * Ohio Cent rat..,.
1 8 .3 *8
4 0 ,697
■
I
Jau. 1 to Mar, 3 1 ___ 2,257,997 2,310,087
530,200
527,534
T ol. 81, L. A Kao. C ity...
3 0 .1 '.to
3 1 .9 5 6
i. |
Wabaah.............................
Oregon
trap.
C
o.a....M
ar,
310,148
291.1*00
2 4 0 ,0 0 0
49,501
49,358
3 1 1 ,0 0 0
Western N. Y. A P enn ...
Jan, l to Mur. 3 1 ___
858,022
9 (* 9 .im
121,111
5 9 ,2 0 0
93,422
8 8 ,7 0 0
Dec. 1 to Mar. 31. .. 1,139,999 1,110,696
Wheeling A 'Lake Erie ..
3 3 ,0 0 9
142,633
113,103
4 8 ,105
Richmond A 1J tnt- Feb.
659,733
724,989
187,965
213,781
Total :19 roadsl............ 2 .9 1 9 ,5 3 5 3 .6 1 3 ,5 5 9
2 ,1 0 3
69 6.12 7
Jan. 1 to Feb. 2 8 ___ 1.335.720 1,3-9,973
391.559
395,008
gfst decrease j 19-20 p.a.i ...... ***«*.*-.
July l to Feb. 2 8 .... 5,681,896 6,196.540 1,623,080 2,088,420
:
..............1
094,024
***** —*1
108,690
Georgia P acific___Feb.
153,024
17,272
2*.973
Jau. X to Feb. 26 . . .
t l o r fin al s ta te m e n t o f e a r n in g s f o r th e th ir d w e e k o f A p r ,
349,281
352,<>98
86,196
S >.! 45
July l to Feb. 28___ 1,390,290 1,387,303
350,495
242,533
■cover* 74 ro a d * a n d s h o w s a lo ss o f 12-86 p e r c e n t .
07, fhl
Char. C ot A Atut. .. Feb.
03,970
13.169
25,303
Jan. 1 to Feb. 2 8 ___
114,597
119,233
10,177
30,088
2 d m eek o f A p ril.
414,396
*71,533
July I to Feb. 2 8 ....
96,-..41
1894.
143,718
1803.
Increase. DtcrtoMt
Col. A G reen ville,, Fob.
72,101
53,520
38,874
25,955
«
9
*
*
Jut*. 1 to Fob. 2 8 ___
123.616
106,50.)
55,282
41,515
Previously rap’ d (43 PA*, 4,170,031 4,787.341
31.117
6»8,13*
July 1 to Fob. 2 6 ....
402.419
391,883
153,467
141.256
atefi. Top. * Ban. F a___
616,518
691,338
77,920 Rio Grande W est.b .Mar.
179.720
149,623
36,415
55,889
8 1 Louis A 8*0 F r.. . . .
134.017
14.5,727
11,080
07,0*7
Jan. 1 to Mar. 3 1 . ..
421,229
477.537
130,101
C hicago A Grand Trunk
63,2 4 «
72,819
0,573
July 1 to .Mar. 3 1 . . . 1,504,189 1,862.983
556,241
656,457
18,727
C hic, Peoria A 8t. Louis
20.552
1,923
Chicago * West Mleftlurai
111,821
127,553
51,778
47.481
29,634
7 ,7 1 , fit. L. A. A T, H b .F eb.
3?,352
■Clef. t in . Chic. A at. L.
2*9.117
265,732
104,303
Jan, 1 to Feb. 2 8 ....
104,575
221.113
248,201
20.791
..........
‘C urrant R iv e r................ .
2.994
2,013
381
Tol. A. A. A No. M A far.
36 .7 -0
97,318
L e t Gr. Haven * Miiw, 1
18,788
20,723
1.035
__ Jan, 1 to Mar. 3 1 ___
250,084
86,795
Detroit Lao*’* A North':
19,630
21,185
2.935
a Met earnings here given are after deducting taxes.
Duluth So, Shorn A Alt .
33.086
3s ,671
2,585
b
N-t
earnings
hare
given
are
before
deducting
tares,
E»»t Tenn. Va. A O n ....,
83,23d!
PS,077
10,611
c Net earning? hero given are after deducting tares on property.
Svanavttlfi A Kicbmowl-.
2 ,-9 5 '
2.119
776
‘ A lter deducting proportion duo roads operated ou a percentage
Flint A Pare Marquette.,
11.174
57,668
.... ...
13.194 basis,
net in Mar.-h laws, was #360,820, against 8718.538 in 1898 ; lo r
i City CUn. A Apr.
1.589
317
1.905
three mouths from January 1 to March 31 ,8686.321 in 1894. against
. C ity Ft. 9. a M em.
Si*.307
132*51 S
7 0 3 Mi
i.* is n-i-i in 1893 and for six m onth- from October 1 to March 31,
. City Mem. * itirm
15,930;
18,281
3.251 *2.359,527,
against #3,038,776.
Kan. City P:tt*h. A Gulf
7.779:
1*144
6.135
Kan. CU| Suburban Belt.
3.63?
3,224
4V4
I
n
t
e
r
e
s
t
C h a r g e s a n d S u r p lu s .— 'The fo llo w in g r o a d s , In
KeokBh A Western______
7,(1 l
....
377
7 ,0 3 7 1
Loaiaville Southern ......
4,608 a d d itio n t o th e ir g r o s s a n d n e t e a r n in g s g iv e n in th e f o r e g o in g ,
8.0361
12.0 16
M-m phi- .V Charleston.,
10,270
25.01 *
8.744 also r e p o r t c h a r g e s fo r in terest, <£c., w it h th e s u rp lu s o r d e fic it
4.7 05.
M obile A BSrrofnghnm . . .
42 4 a b o v e o r b e lo w th o se c h a r g e s ,
5,180
_____
-fitchBwmd A D iitv lll* ...
130.430
23.260
203.710,
—inter t, rentals, dr.—, r-Bal, o f Xcl E arn s.Georgia Pa* d in .______
31,309
6.801
41,170
1893.
1894.
1893.
1894.
Char. 0*1. A Vug..........
14,030
12.805
1,245
Bonds.
#
$
$
*
Columbia A G re e n v ...
9.3*4
6.895]
2,189
822,881
313,202
308,904
filo Grande fimithern___
5,598 Chic. Burl, A Gainey.Afar. 800,000
10,*5»|
#,661
484,430
418,909
Jan. 1 to Alar, 3 1 ___ 2,400,000 2,468,613
fit, Joseph A O'1
,. Island..
84
19,998:
19.972'
fit, Lou:- A l t A T Haute
29.040
218,084 d6f.23.90S
102,958
30.470!
Denver A Rio Gr’do.Mur,
203,(11
1,440
San Franewoo A No. Fa.:,
101,339 1,203,973
14,247
02
July 1 to Alar. 31 — 1,819,-93 1,961,691
14.183
Toledo Peoria A Weat’ n ..
17.010
19.635
1.589
111.262
11.668
38,318
Kan. C. Ft.fi. A M ..M a r.
120,947
75,013
308,343
Jttly I to .Mur. 3 1 .... 1,033,069 1,012,113
Tot al (74. roadsl......... . 5,923,270 6.738,385
881,349
16,051
39,103 def.31,608 rtef.15,207
Kan. C. Mom. A Rir .Mar.
38,969
1
1
Net deeraase #12-36 r> * >.
313,355 d f,lb7 ,033 (11,118,073.
July 1 to Mat. 3 1 ....
336,909

THE CHRONICLE.

772
A N N U A L REPORTS.

OPERATIONS AND FISCAL RESULTS.

M iles o p e r a te d

1891.
512

1 892.
5 12

189*.
512

O o tr a tio n s—

5 5 4 ,1 7 2
5 5 5 ,1 4 0
5 8 2 ,5 5 1
P a ss, ca rr ie d .
2 5 ,9 2 9 ,9 9 5
P a ss .ca r’ d . in.
3 4 ,6 7 6 ,7 4 0
2 7 ,4 2 5 ,8 3 7
1 -64 cts.
1-57 cts .
A v . p a ss. p a n .
1-45 cts.
3 ,3 1 5 ,7 8 4
3 ,2 5 7 ,', 0 9
F r ’ t(to n s ca r’ d
3 ,5 2 5 ,9 5 1
F r’ t(ton s) ca r’ d
o n e m i l e ...1 ,0 5 ° ,8 0 4 ,3 3 9 1 0 5 2 ,5 1 5 ,2 3 6 1 ,1 0 7 ,3 4 2 ,8 1 2
A v .p r .t o u p .in .
0-50 3 cts .
0 -5 4 1 cts.
0 -5 3 4 ets.

Earnings—

*

s

6 2 5 ,1 7 7
1 0 5 ,0 1 0 .6 3 5
1-46 c ts .
3 ,2 5 2 ,9 3 2

$

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

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

5 0 2 ,1 6 5
5 ,9 1 4 .9 1 8
5U,082

3 ,5 3 3 ,2 4 2
5 ,1 8 7 ,3 3 5
67,1 71

T o t ’l e a rn ’ gs
O p .e x .& ta x es.

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

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

6 ,4 6 7 ,1 6 5
5 ,3 7 5 , L62

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

N e t e a rn ’ g s ..

1 ,1 4 2 ,0 5 4

1 ,1 1 5 ,0 0 7

1 ,0 9 2 ,0 0 3

1 ,3 0 8 ,5 1 0

INCOME ACCOUNT.

1 89 0 .
$
1 ,1 4 2 ,0 5 4
1 2 ,7 7 4

1 891.
$
1 ,1 1 5 ,0 0 7
1 3 ,5 6 9

1892.
$
1 ,0 9 2 ,0 0 3
10,2 06

1893.
$
1 ,3 0 8 ,5 1 0
6 ,3 1 9

T o t a l...............
P a ym e n ts—
In t. o n b o n d s ..
K e n t’ l o f eq u ip .
B e n t a l o f toi m.
S in k in g f u n d ..
D iv . 1 st p f . s t ..

1 ,1 5 4 ,8 2 8

1 ,1 2 8 ,5 7 6

1 ,1 0 2 ,2 0 9

1 ,3 1 4 ,8 2 9

7 8 4 ,5 7 0

7 8 0 ,4 2 0

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

90,5 51
9 9 ,9 4 0
1 5 0 ,0 0 0

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

7 8 0 .0 0 0
8 9 ,0 0 0
9 2 2 27
9 9 ,4 6 0
2 0 0 .0 0 0

T o t a l...............
S u r p lu s ..........

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

1 ,1 2 0,91 1
7 ,6 6 5

N et e a r n in g s ..
O th er in c o m e ..

BALANCE SHEET

1890.
$
C o st o f r o a d ......................... 4 6 ,2 3 9 ,2 0 3
C o st o f e q u ip m e n t........... 3 ,6 1 6 ,7 2 1
B o n d s and s to c k o w n e d ........................
M a terials aud fu e l............
1 4 2 ,5 7 9
C a s h .......................................
5 1 6 ,3 7 8
D u e b y sta tion a g en ts.& c.
2 6 7 ,7 8 6
D u e b\ otn* r co m p a n ie s .
5 8 0 ,7 7 6
D u e b y Jfc\ O. D ep a rtm en t
„ 6 ,5 3 7
3 6 ,7 8 6
M isce lla n e o u s a c c o u n t A sse ts—

T o t a l ...................

1891.

1 892.

1 89 3 .

$

$

$

$

F irst p r e fe rie d stock . . . . 5 ,0 0 0 ,0 0 0 5 ,0 0 0 ,0 0 0 5 ,0 " 0 ,0 0 0 5 ,0 0 0 ,0 0 0
S econ d p re fe rre d s t u c k ..1 1,0. 0.000 1 1 ,000,000 1 1 .0 0 0 ,0 0 0 1 1 ,0 0 0 ,0 0 0
ComiuoD s t o c k ....................H.OOO.OoO 1 4 .0 0 0 ,OoO I4,oO ,o o o 14,0 00 ,0 0 0
F un ded d e b t
............. L 9 ,6 S l,0i 0 1 9 ,5 7 5 ,0 0 0 1 9,5 ^ 5 ,0 0 0 1 9 ,4 2 5 ,0 0 0
6 1 7 ,5 0 6
5 7 8 ,7 8 4
6 5 0 ,1 7 8
5 62 ,08 1
U ii paid v o u c h e r s ...............
U npaid p i y - r o l l s ...............
202 238
2 2 3 ,4 1 8
2 3 6 ,3 6 8
2 1 0 ,8 7 6
Due c o ’s an d in d iv id u a ls.
9 7 ,5 1 3
1 5 4 ,2 0 7
1 8 5 ,0 1 3
1 3 2 ,89 1
I n te re s t d ue an d u o t p a id
1 1 ,2 2 0
1 1 ,5 0 0
9 ,3 0 0
9 ,7 6 0
I n te re s t a ccru e d , not d u e.
1 9 5 ,3 7 0
1 9 1 ,3 1 0
1 9 5 ,2 5 0
1 9 4 ,2 5 0
R e n t o f eq u ip , n o t d u e .................................................
3 0 ,0 0 0
2 9 ,0 0 0
D lv ’ ml o n 1 st p r e f s to c k .
1 7 5 ,0 0 0
1 5 0 .0 0 0
1 5 0 ,0 0 0
2 0 0 ,0 0 0
S in k in g fun d a c c o u n t . . .
2 9 3 .7 0 2
3 9 3 .6 4 3
4 * 2 ,4 3 7
5 4 1 ,8 9 7
In co m e a c c o u n t ...............
1 3 3 ,2 1 7
1 4 6 ,9 4 2
111,U81
1 6 5 ,7 6 3
T o ta l................................5 1 ,4 0 6 ,7 6 6 5 1 ,4 2 7 ,8 2 4 5 1 ,5 3 1 ,6 2 6 5 1 ,4 7 1 ,5 1 7

Lake Shore & Michigan Southern Railway.
f For tiie year ending Dec. 31, 1893.)
The annual report states that the construction and equip­
ment accounts still stand at $84,000,000, as nothing has been
charged to either of them since 1883. All betterments during
the ten years since that date have been charged to operating
expenses or income account. The funded debt was reduced
in 1893 from $44,193,000 to 43,942,000, by the purchase and
cancellation for tbe sinking fund of $250,000 in bonds secured
by the first mortgage.
The gross earnings for 1893 reached nearly 23% millions
dollars, and were the largest since the organization of the
company. The large gain in passenger earniDgs was due to
the World’s Fair travel, there having been a material falling
off in local passenger travel.
The gain in earnings, while the number of passengers car­
ried decreased largely, is accounted for by the comparatively
large number of World’s Fair passengers carried over the
whole length of the line.
Operating expenses for 1893 include $2,164,619 expended for
new equipment. Of this amount, $1,628,485 represents the
cost of the new cars and engines purchased 10 replace old
ones worn out and broken up. The cost of 12 16 miles of
second and third track, 20'53 miles of sidings and expendi­
tures for changes of grade, amounting in the aggregate to
$478,822, are also included in the operating expenses of the
year.
The comparative statistics for four years, compiled for the
C h r o n i c l e , are as follows :
OPERATIONS AND FISCAL RESULTS.

M iles op. D ec. 31

Operations—

1 ,1 0 1 ,1 7 3
1 ,2 6 0 ,6 8 7
1 ,0 3 6
5 4,1 42
DECEMBER 31.
1891.
1 892.
1 89 3 .
$
S
$
4 6 ,0 7 7 ,3 4 1 4 6 ,0 9 3 ,3 9 3 4 6 .0 8 6 ,1 5 8
3 ,6 1 6 ,7 2 1 3 ,7 2 0 ,8 4 7 3 ,7 2 0 ,8 4 7
1 6 1 ,00 0
10,000
3 0 2 .5 0 0
3 0 4 .5 5 9
2 9 9 ,5 2 8
4 5 2 ,8 2 6
3 4 7 ,9 6 3
2 3 8 ,4 6 0
2 6 9 ,0 5 0
3 9 7 ,1 2 7
2 2 8 ,7 9 4
5 0 3 ,4 1 6
5 9 3 ,2 9 7
8 5 7 ,5 2 6
6 ,4 5 4
7 ,2 0 6
7 ,3 5 2
3 e ,5 1 6
6 0 ,2 3 4
4 2 ,8 5 2

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

1 89 0 .
1 ,4 4 5

1 89 1 .
1,445

1 89 2 .
1 ,4 5 4

1893.
1 ,4 4 9

P a ss.ca rr rt (N o.)
5 ,0 1 9 ,5 9 5
P a s s V r inil’ a ge 2 2 5 ,2 6 5 ,1 3 7
R a le p .p a ss.p .m
2-246 cts.
F g h t.(t’ n8)m ’ v e d 1 1 ,5 3 1 ,2 6 6
F g h t.(t'u s)ra it’g e * 2 .1 5 6 ,6 7 7
A v .r 't e p .t ’ n p m. 0-62 6 ets.
E a r n in g s—
$
P a ss e n g e rs ..........
5 ,0 6 0 ,0 2 3
F r e ig h t ................ 1 3 ,7 5 9 ,1 2 8
M a il,e x p .,r’ ts& c. 2 ,0 4 6 ,6 1 5

5 ,8 0 9 ,2 9 5
2 4 6 ,9 1 4 ,6 7 3
2-177 cts.
1 2 ,0 1 9 ,0 1 6
*2 ,1 6 3 ,7 2 7
0 628 ets.
$
5 ,3 7 6 ,5 0 9
1 3 ,8 9 3 ,6 3 9
2 ,1 6 1 ,2 3 9

5 ,8 4 6 ,7 5 5
2 4 7 ,3 5 0 ,9 8 2
2-175 ots.
1 3 ,6 4 3 ,7 1 7
*2 ,4 3 5,07 9
0 '5 9 9 cts.
$
5 ,3 9 1 ,3 8 5
1 4 .8 5 1 ,4 7 5
2 ,1 7 2 ,5 2 2

5 ,3 1 1 ,0 8 6
3 3 4 ,2 0 7 ,8 1 2
2 -09 2 ots.
1 3 ,1 4 2 ,8 4 4
* 2 ,4 2 7 ,6 9 2
0 -58 7 e ts .
$
6 ,9 9 3 ,0 6 0
1 4 ,4 9 0 ,2 5 9
2 ,2 0 2 ,6 1 4

T o t g ro ss e a rn . 2 0 ,8 6 5 ,7 6 0
O p eratin g exD 8. 1 3 ,7 2 4 ,5 7 9
T a x e s ....................
4 9 5 ,9 0 2

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

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

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

T o t a l............. 1 4 ,2 2 0 ,4 8 1
N et ea rn in g s___
6 ,6 4 5 ,2 7 9
P .c .o p .e x to earn
68-15

1 4 ,6 3 2 ,6 7 5
6 ,7 9 8 ,7 1 1
68*27

1 5 ,8 0 3 ,1 9 0
6 ,6 1 2 ,1 9 2
7050

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

* Three cip h ers om itted .
t In 1893 $ 2 ,1 6 4 ,6 1 8 fo r n e w e q u ip m e n t w a s in clu d e d
a m o u n t, n o th in g b e in g ch a rg e d in 1 89 2 .

9 4 6 ,7 9 2 ,6 1 6
0-54 3 cts.

P a s s e n g e r ___
F r e ig h t ...........
M a il,e x p ., A c .,

R e c e ip t s —

1 89 0 .

Liabilities—

New York Chicago & St. Louis Railroad.
( For the year ending December 31,1893.)
Mr. Wm. K. Vanderbilt, Chairman of the Board, remarks
in his annual report that “ under a contract of lease dated
December 81, 1892, the Labe Shore & Michigan Southern Rail­
way Company leased to this company for a term of ninetynine years, beginning April 1, 1893, a piece of double track
road 7 84 miles in length, located between Dunkirk, N. Y .,
and Silver Creek, N. Y ., together with the structures and fix­
tures thereon—which that company had heretofore used be­
tween those points—at a rental of $5,000 per annum. This
company, under the lease, has the privilege, at any time, to
capitalize the rents by the payment of §100,000 to the Lake
Shore & Michigan Southern Railway Company, after which
it is released by that company from "further liability for pay­
ment of rent. 1his company took possession of this piece of
road on April 8, 1893, and the tracks thereon have since
formed a part of its mam track, and are included in the table
of tracks given above. The tracks owned by this company
between the points named were abandoned and have been
taken up.
“ There has been a continued improvement in the track and
structures, 83 08 miles of track having been ballasted with
gravel and 4-94 miles with cinders, 112,509 cross ties placed
in the track, 3,123'38 tons of new 65 lb. steel rails were laid,
and new joint fastenings used. Large expenditures were
made for repairs to the engine and car equipment, and its
condition has been generally improved. Six new passenger
cars and two new dining cars were purchased and added to
the passenger car equipment. The balance against us for hire
of freight cars was $396,642. This very large balance is
caused, as stated in former reports, by the necessity for using
the cars of other roads and individuals, at a mileage rate, in
the handling of our freight traffic, our own equipment being
inadequate for the requirements of that traffic.
“ The gross earnings for the year were $6,787,748, the largest
in the history of the road, being an increase of $320,583 over
1892. This was wholly due to an increase of §1,031,077 in the
passenger earnings, caused by the large travel to and from
the World’s Columbian Exposition. The freight earnings de­
creased $727,583. The average rate received per ton per mile
was ’548 c e n t; the average rate received per passenger per
mile was 1 46 cents, and a comparison with 1892 shows an in­
crease in the former rate of -014 cent and an increase in the
latter rate of ’01 cent. The cost per ton per mile was ’478
cent. The cost per passenger per mile was '73 cent. In 1892
the cost per ton per mile was ‘434 cent, and the cost per pas­
senger per mile was 1*15 cents.
“ The charges to expenses include all expenditures for
additions to the property, no charges having been made to con­
struction and equipment.”
A dividend ot 4 per cent upon the first preferred capital stock
from the net earnings of the calendar year ls93 was de­
clared, and ordered paid March 1, 1894.
The statement of operations, earnings and charges has been
compiled for the C h r o n i c l e as follows :
1 89 0 .
512

[V ol . L v m .

in

thia

INCOME ACCOUNT.

N et e a rn in g s—
In t., d iv id 's , A c .

1890.
$
6 ,6 4 5 ,2 7 9
4 9 8 ,7 5 9

1 891.
$
6 ,7 9 3 ,7 1 1
4 5 5 ,6 2 3

1 892.
$
6 ,6 1 2 ,1 9 2
4 8 3 ,2 4 1

1 89 3 .
$
6 ,5 6 2 ,0 1 9
4 5 9 ,1 3 2

T otal in co m e

R e c e ip t s —

7 ,1 4 4 ,0 3 8

7 ,2 5 4 ,3 3 4

7 ,0 9 5 ,4 3 3

7 ,0 2 1 ,1 5 1

R e n ta ls p a id . . .
lu t e r e s to u debt.
D iv ’ d s o n g u .s ’k.

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

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

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

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

T o ta l d isb ’ ts.
S urplus f o r d iv ’ d
D iv id e n d s ...........
Kate o f d iv id ’ ds.

3 ,8 4 3 ,4 9 4
3,30.0,544
2 ,9 6 7 ,0 9 0

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

(6 p. C.)

(6 p. c.)

3 ,8 5 8 ,1 0 6
3 ,2 3 6 ,8 2 7
2 ,9 6 7 ,9 9 0
(6 p. o.)

3 ,8 2 4 ,5 0 8
3 ,1 9 6 ,6 4 3
2 .9 6 7 ,9 9 0
(6 p. c.)

S u rp lu s _____

3 3 2 ,5 5 4

2 6 8 ,8 3 7

2 2 8 ,6 5 3

D isb u rse m e n t s-

4 7 1 ,4 7 0

GENERAL BALANCE SH E E T DECEMBER 31.

1890.
A sse ts—
$
R ’ lr’d, b ldgs.,& c. 7 0 ,9 9 1 ,4 5 0
E q u ip m e n t......... 1 7 ,3 0 0 ,0 0 0
R .^ st.& ollieep ’ ty
3 5 1 ,0 0 8
3 t’k s o w n e d ,co s t 1 4 ,8 5 3 ,0 4 8
JB’ ds o w n e d , c o s t
6 6 7 ,4 0 0
A d v a n o e s ............
1 ,5 0 4 ,9 4 9
M ater’ ls fuel.& c.
6 6 3 ,34 9
B id s re c e iv a b le .
C ash on bau d . . .
3 ,4 1 2 ,7 5 6
U n coil’ d earns. &
o tb .o p e n accts.
7 7 2 ,6 8 6

1891.
$
7 0 ,9 9 1 ,4 5 0
1 7 ,3 0 0 ,0 0 0
3 5 1 ,0 0 7
1 4 ,1 0 9 ,0 1 3
6 6 7 ,4 0 0
1 ,5 3 0 ,3 2 1
8 7 9 ,11 8

T otal a ssets. 1 10 ,516,645

1 892.
$
7 1 ,4 2 5 ,0 9 1
17,3 >0,000
3 5 1 ,0 0 7
1 4,1 0 9 ,0 1 3
6 6 7 ,4 0 0
1 ,5 1 2 ,7 3 7
1 ,1 3 3 ,9 3 3

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

3 ,3 6 7 ,7 0 5

7 7 6 ,5 3 8

1 ,1 6 5 ,6 4 2

3 ,2 0 3 ,1 7 5

1 ,9 6 3 ,7 2 9

1 1 0 ,3 6 1 ,6 5 6

1 1 0 ,48 0 ,8 9 4

1 1 0 ,0 7 1 ,2 2 9

L ia b ilit ie s —

S to c k ................... 5 0 ,0 0 0 ,0 0 0
B on d s (S ee-S u p PLEMBNT)......... 4 6 ,0 1 6 ,0 0 0
D iv id e n d s ..........
2 ,0 0 5 ,3 3 5
O ther lia b ilitie s.
8 4 8 .0 9 9
P rofit and l o s s .. 1 1 ,6 4 7 ,2 1 1

5 0 ,0 0 0 ,0 0 0

5 0 ,0 0 0 ,0 0 3

5 0 ,0 0 0 ,0 0 0

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

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

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

T ot. liab il’ s . . 1 1 0 ,5 1 6 ,6 4 5

1 1 0 ,3 6 1 ,6 5 6

1 1 0 ,4 8 0 ,8 9 4

1 1 0 ,0 7 1 ,2 2 9

THE CHK0N1CLE.

Ma y 8, 1884,1

Michigan Central Railroad.
(F or the year ending December SI, 1893.)
There were in&ignifi'ant changes in the debt and no
ohanges in the construction account during 1831.
The freight traffic chows a decrease in t ns moved one mile
of 193,740,000 and in earnings of 81,871.000, tbe decrease
being in both through and local traffic. The rate per ton per
mile shows a decrease from 0*681 to 0 680 cent, or 0*004

773

and General Manager of tbe Delaware & Hudson Canal Com­
pany,

Dnbnqne & Sioux City—Illin o is Central.—The 7 per cent
bonds falling due Ja y 1 will be paid principal and interest,at
any time prior to that date at a discount at the rate of 4 per
cent.
Fulton Elevated (Rrooklyn).—The Slate Railroad Commis­
sioners have granted the application of the Fulton Elevated
Railroad Company of Brooklyn for permission to increase its
c e D t.
The passenger traffic shows an increase of 'S3,570.000 in capital stock from $400,030 to $1,500,000.
passergers mured one mile and an increase of $1,574,000 in
Galveston Honston & Henderson—International & Great
earring*. T h em --p er passenger per mile shows a decrease
Norther ■>.—At Houston, Tex.,on the28ihulr, Judge Br^ehear
from 2 311 to 2 123 e*-nt. or 0 088 cent.
Tbe c< mp native statistics for four years, compiled for the in the suit of the Missouri Kansas & Texas Rtilroad Company
sgiirnt the International & Great Northern, relative to the
Ohhomcle, are a* follows:
lease of tbe Gilveston H raston & Henderson track, denied
OfEHATIOXa XM> rtSCAt. KESCLTS,
tbe appiieatio t tor a receiver for tbe latter r ad and tbe in­
ls » 0 ,
18911292.
1893.
junction sought to restrain the Internati trial & Great Northern
Mjte* operated.........
1809
1,609
1,639
1,634
Irom preventing the G. H. & H. from eartymgouc the pro­
Optralkn **—
visions of its charter.
P a * ^ u * e r a c «m e d .. 3,163*811
3,511.084
3.556.701
3.303,655 j
The court in i s remarks said: ‘ 'Shareholders cannot lie by,
P iu k - ij- it rntl-a-** .195.:** 1.1*13 2 0 2 .:9 0 .9 3 * 203,307.917 285,6*3.620 !
Ratep.ps*.*. n.t> i e. 2* 7 6 e u .
2*249 e s.
2*211 e u .
2*123 eta. 1 sanctii nine ultra vires acts—watching the result—and if it
F r'ghr..
n >71
7,22!,«>*• 3
7,689,796
6.e('5.5?4 be favorable abide by it, but if it prove unfavorable then
Fr*ght ouisiu-i■.-.*» *..*39.918 •«.36*.203 -1,.* 49,950 *1,356,110
Av:.rat«* p.i*»u p .m ile .: 0"6if* et».
0 7 2 2 CIS.
0*681 eta.
C-'ts 0 cts. proceed to set it aside.” Tne stockholders could not invoke
ir is c url's assist nice to set aside this character of lease
}.a r tn.;%—
*
*
8
-S
I’ J- v i . . . 'r ................. 4,459,074
4,-548.993
4.19.5.600
6,069,381 i under the circumstances of this case, where they have deliv­
Freight'...................
9,311. 90
9,876.307 10, >96.511
8 » 2 4 ,t « 6 ered the subject matter of the lease to the International &
atluJ, e*p te*«, A c ...
720.347
737,658
81 6.1st
882,793 1
Great North*rn Hu t ad Company and have for eleven years
Total
eamK, 14,400.711 15,162,960 18,608.292 IB ,178,030 ! received the consideration therefor and made no effort to set
Om m tlna ex« w t * it aside.”
2.415.501
M a .u foeet.f v » t &e
2,337,795
2 ,f 5 M ? i
*23 t #1,6to
6.871.C21
3U5J.819

2,61*3,46*
7,*iif\5*9
326,510

T o u t op«r. expert 10,731,754 11,107,569
4,055.391
3,75^,057
K ct ear&!Bi£»..........
74 06
73*25
P.©.op.exj»,to earn*.

12,040,095
3 3 6 2 ,1 3 7
75*; 3

12,287,792
3,890,238
75 95

Maine, o f eqi* lumen
Tr*o.*p*jii.5c uiUcei.

..........

304,351

2,001,072 i
Kansas City Cable Railway.—Messrs. Na'haniel
7,t ti-.u 0 :
340,875 I Francis Birtlett, Arthur Hunttewell and Charles E.

•Three ciphers em itted.
r s c o * t: a CCOC.vt.
Retrip l»-—
Ket
*____
lot. &Ld <iii ldeftdt*.
Total Ificorjfi*....
XhMbttr
HtifttmU js*»*d...... I
m> dei>i . . . ,
h’ n *onre .
U s tm r n m m m . . . . . .
T o u t .—. .......
..
Uttrpl is#for dtv W*4s.
I>i t W i i d * ........ .
Kate ot d irid cou e...
Barpla*....... .........

Thayer,
Cutting,
of Boston, have is-usd a circular calling for dep-isit of shares
i
of the Kansas Citv Ga le Railway Co. and the Grand Avenue
Railway Co , of K ins is City, for the purpose of bringing into
court an alleged c nsohd uios with the Kansas City & Inde­
pendence R . *1 Tiansit Co., of Kansas City. Tbe Old Colony
Trust Co. wilt act as rustee and the shareholders will divide
the expense r f the 1 gal proceedings already ant ounced from
I K toe. - City. It isBUtgt-d that in the consolidation the bonds
( were expanded Irom $8,380,000 to $4,860,000. at d the etocka
J from $3,875,000 to $1,300,000, of which $2,300,000 was made
preferred.

18*50,
$
3,75-.9.‘ 7
57,4 33

1891.
#
4.055.391
SIMS26

1892.
%
3,862.197
46,7i»8

1893.
f
3,890,238
45.790

3,S 16,450

4,111,019

3,908,995

3,936,028

181.310
2,27. ,022
355.8 U
134,723

1tt4 .3 ) 0
2, 54 W77
4 46,776

IS t 310
2.226,054
380.712

181,310
Kentucky & Indiana Bridge.—A telegram from Louis­
2,2 7 ,*t*4 !
438,64s ville, K * reports that the contemplated foreclosure of the
. . . . . . . . 1 Kentucky & Indiana bridge first mortgages will not take

(5 P- *•»

1.227,936
1.0341,6* 1
0 ** p . ed

2,T*4,07U
1,123.919
1,03O SOI
t i% p- s i

2 3 5 8 ,4 5 2 | to a forte!' sure tlie interest on the first mortgage bonds will
1,077.676 1 be paid. Tne United States Court ordered Receiver McLeod
1,030.601
15 *, p, a.) to pay the interest due on the September coupons, and the

<Scf.65.148

197,355

93,318

2,0 i
871.763

place, and instead of going through the litigation necessary

46,975

P

Da Lxxc x s lie s t O K . 31.
1890.
A me£#~
#
€fcra*ir«ctfoo ace’tit. 4 2 .l-i5 .4 l0
60*,*
Xntmtmmmu------ . . .
Fuel a:.d
.. l.O vl.lO S
4
A e c o u iu rrottv___
O iH .ff?
U oe*»ilMearuU5jc#..,
617,258
C a u ls ....... ............

1891.
§
42,337,242
6 0 -.6 * 6
1,130.4-2
S 6.61*4
$*7I,.*4 2
798,518

full amount, $‘25,000, will be paid in July, The interest on
the March couooos, $25,000, w ill be paid as soon after that as
racticable, The iuter* st on the seconds will be defaulted,
ut the bonds will be preserved.

1833.
1892.
$
#
42,378,411 4 2 ,3 7 »,4 U t Mexican Central.—The annual meeting was held in Bos­
60**,-86
6»0.*i»8 | ton and director* were elected.
President A. A, Robinson,
1,039,084
1,245.972
He held the view that
719.3^8
822,017 who presi led, mode some remarks.
479.886
680,865 1 the outlook for the coming year was favorable, despite the
1,029,599 : f v i of the decline in the price of silver and the serious falling
1,030,357

«ff in buMDc-s in tne R *punlic o f Mexico as well as in the
United State*. There was, however, a very excellent in­
18,733.204 18.739.204 | crease in the local .am ings of the railway, and with the appre­
6,000 lHf376,v0d | ciation of sugar the
railway w >uld be upon a sound
1,462,120
M
783.2 m | fooling and able to compete with any corporation in
4 83,**96
There had been a confeience with the
055,»37 | tbe wot Id.
®5Af*i.'*7
65*5.8 7
VirideuUm.................
8.99 a. 140
7 ,u t e . ll « j Mexican
Incwiuo a c c o u n t.... 6 i7*l?,464
Southern
in
regard to the raising
of
the rat* s. and the conclusion had been reached
T otal U»Oll»U«a. 4£f,5i*2.i04 46,421,314 46,462,0 42 4*1,561,572
that i* woull he impraettcible to do so at pres­
ent without the shutting off of the development of young
and gro t ing i< dustri s of tbe c *untry, which it was for their
GENERAL INVESTMENT NEWS.
ii-Urvtt ti t -t* r. Tne rates had, however, been ruse i sotnewhat, but it was manifest that there cou ld no: b * a general
rats*-of
r a t,s w ith u i d i i n g the ra ilw a y m ore injury than
Chic m o BurllflI2rt.flm & O tln cf.—1Tie mantie r 4 state that
'
benefit.
Ihe n u m ber o f con tracts was g ro w in g larger, their
'OMtctvd with toe Noirthern P a c i fi c at
r
plan, W yo, I he new increase p la cin g the railw ay upon a firm basis, with the out­
mirnd8. Tf 0 Jpglllt teiffliotii i« Si
north wm•<J af0OJT 0tie of ihe look thtn h. fore 1 .rig, w hatever the price of sugar, it will be
Un® will exteutj imtWt
is emy , at d it is aid** ro compete w i lt the lines o f t'te w orld.
bmocli«» of 0m If elt| w*ton“ . The jjttiidle ■
Cotfoo, iron and copp *r they had always with them. They
wtll be ©omp\tetod mi iy :in the fail.
expect*Hi %hm%the Jt/if
jally a new line from had in eu able to opuat* their road fur about 64 p*r cent of
Toe fill[iBg of 111*# gajl HCitl caai4« |»n
toe gro-. earning**, w id t h would com pir ; favorably with the
ia. ami the FacilimB'art&west*
this r»idoa to- Hoc
operating expenses of any similar railway. If sugar apOelawore k Hudson—There will be no opposition to ihe pr-eiai* - in value there would be no difficulty whatever in
Olyphant ticket at tne corning election. Tne following man* v. rv materially increasing the earnings and revrnue of the
agets ff!3|| tie v»»?*4: l o r toj iii# p r o s y c o fn in itt ee r pre-enting r. ad. Dating the past two weeks their B >ard bad approved
tbe niajcifiiy of 1the preaetit b o s r d a i th e a a o u i ,1 cle tion next a Contract for a large smelt r, by which they would be able
*il, Robert H. Oif penuit, W lham H. to avail themselves o f a large business in the copper ores o f
Tnetd.jy ; Jarap9 m*
Tiltingtiwt< A1freo Van Sam rooH, Jamea A. Ro isevelt, the country, which abound throughuut Mexico, It would be
Alexander £. Oir. Cornelius Vanderbilt, Cb&une-y M, Depew, a monument to the enterprise undertaken by people who
John A. Stewart. James W. Alexander, James R. Taylor, know their business, and would bring to the railway a very
Benjamin Brewster and Horae** G. Young. The list five material increase in in revenue.
A ballot was taken for directors and tie following board
will take the place of Col Le Grand B Cannon. Johnston
Livingston, R. »u jd.t«i Grant, B. H. Bristow and samuvl elected; Oliver Amee of Boston, Charles A. Browne of Mex­
ico,
Is tacT. Burr of Boston, Sebastian Camacho o f Mexico,
Spencer. Of the n**« mana«> r< proposed, Mr. James R. la y lor w r * 4 io that capacity from 1861 to 188$, and Mr. John 11, P. Cheney, Jr., of Bos un, Jacob Edwards of Boston, Ed­
A . Stewart, who is f h w * o t of the United S atea Tru*t Com­ ward W . Jackson of Mexico, Levi Z. Leiter of Cnieago, E,
pany, retired two years ago in favor of Mr. Cornelius Vander­ Rollins Morse of Boston. Stephen W . Reynolds of Boston,
bilt, Mr. Alexander is Pie#blent of the Equitable Life Assur­ Joseph Richardson of New York, Albert A. Robinson o f To­
ance Society, and Mr, Young is now Second Vice-President peka, K in., William Rotch of Boston, A Idea Speare of Boston,
46,4 41 # 4 4
L m m iH r * Aiotfk.. . . . . . I «.7 3 8 J d 4 18,739,204
Bond* i*6.: n vvr*t).
0L’»-7 * 7
Aeooolit* |
.

48,4#3,042

46,561,572 j

THE CHRONICLE.

774

Robert R. Syrnon of London, Eng., Joseph H. White of Bos­
ton, George B. Wilbur of Boston.
New York & New England.—As the C h r o n i c l e was going
to press on Friday last, April 27th, a brief outline of the re­
organization plan was received and a summary only could
then be published. On another page to-day, under the head­
ing “ Banking and Financial,” will be found the plan at
length, together with the address of the committee to the
stock and bondholders, giving in detail the reasons for adopt­
ing the several parts of the plan as they are submitted.
New York & Putnam.—Messrs. I-Ieinemann & Co. of London
have offered for sale at §105 $3,500,000 4 per cent first mort­
gage bonds of the New York & Putnam RR., guaranteed,
principal and interest, by the New York Central RR. The
amount of bonds authorized under this mortgage is not to
exceed $6,200,000, of which §1,200,000 are reserved to retire
the bonds of the New York & Northern Railway Co. due in
1927 and about $300,000 in exchange for other obligations of
that company and $1,000,000 for future extensions and im­
provements. The balance is ofEered for sale by Messrs.
Heinemann & Co.
Oregon Pacific.—Pursuant to the decree of foreclosure of
April 27, 1891, the sale of the Oregon Pacific is now an­
nounced for June 2. See advertisement in another column.
Railroads in Massachusetts.—The following have reported
for the quarter ending March 81.
OTTCHBlIItG.

Gross earnings.............
Operating expen ses.. .

r-Ouar. end. Mch. 31.-% —9 mos. end.
1894.
1893.
1892-93.
$
$
$
1,697,712 1,474,110
5,740,380
1,367,052 1,127,938
4,152,677

Well.. 31.—
1893-94.
$
5,163.337
3,612,006

346,172
386,789

1,551,331
1,159,685

N et e a r n in g s ......... .
Int., rentals and taxes

330,660
371,712

B a la n c e ..-............. def. 41,052

1,588,203
1,096,918

def.40,617 sur.491,285 sr.391,616

Railroads i n N e w Y o r k S t a t e .— T h e fo l l o w i n g r o a d s h a v e
r e p o r t e d t o th e N e w Yro r k S ta te R a ilr o a d C o m m is s io n e r s f o r
t h e q u a r te r e n d in g M a r c h 31.

BUFFALO ROCHESTER & PITTSBURG.

Gross earnings___ . . . . .
Operating e x p e n se s...

r-Ouar. end. 'Mch. 31.— r- 9 mos. end
1894.
1S93.
1892-93.
$
$
$
641,152 2,391.356
437,680 1,758,892

Net earnings..........
Other incom e.................
T ota l....... ................ . . . .
Int., rentals and taxes, &e.

169,391
193,240

B alan ce................... ...d e f.2 3 ,8 5 1

Mch. 3 1,—
1893-94.
$
2,359.873
1,642,066

203,472
10,727

632.464
29,614

717,807
28,941

214,199
210,537

662,078
543,518

746,748
635,445

sur. 3,662 sr.118,560 sr.111,303

STATEN ISLAND.
e—Quar. end. Mar. 31.— —9 mos. end. Mar. 31.—
1893.
1893-94.
1894.
1&92-93.
$
$
$
$
Gross, earnings............. ... 177,008
774,912
742,344
173.589
O perating expen ses___ .. 161,062
151,762
530,354
494,241
Net e a r n in g s ......... ..
Int., rentals and taxes ..

12,946
74,656

21,827
80,693

214,558
214,193

248,103
220,809

B alan ce................... .d e f.61,710 def.58,866 8m\30,365 sur.27,294
WESTERN N. Y. <fc PENNSYLVANIA,
r-Quur. end. Mch. 31.—. r-9m os. end. Mch. 31.—
1894.
1893.
1893-94.
1892-93.
$
$
$
$
G ro ss earnings. . . . . . . . .
662,958 2,772,597 2,358,466
479,532 1,863,736 1,706,934
Onerating expenses .. . . . . . 621,083
Net earnings.............. . . . .
Other incom e.................

233,375
767

183,426
2,334

908,861
830

651,532
8,278

Total......................... . . . .
Interest,taxes,rentals,& c.*

234,142
313,403

185,760
318,116

909.691
692,991

659.810
952,909

B alance.................... ...d e f.7 9 ,2 6 1 df.132,356 sr.216,700 df.293,079
* Includes interest on equipm ent and real estate m ortgages, &c.
K IN G S C O U N T Y E L E V A T E D .

,—Quar.end. Mch. 31.—% r-9m os. end. Melt. 31,—
1893.
1892-93.
1894.
1893-94.
$
$
$
$
Gross earnings.............. .. 242.805
193,195
699,613
553,317
Operating expenses___ . 148,016
131,420
421,180
384,436
Net- earnings........... .
O ther incom e.................

94,789
155

61,775
151

278,433
408

168,881
151

T ota l...........................
In t.,ren tals and taxes.. .

94,844
131,200

61,926
90,687

278.841
355,491

169,032
275,714

D eficit....................... .

36,256

28,761

76,650

106,682

Richmond & Danville.—In pursuance of the decree of the
IT. S. Circuit Court for the Eastern District of Yirginia en­
tered April 13, 1894 in the suit of the Central Trust Co. and
Others, the sale of the Richmond & Danville is advertised for
June 15th at Richmond. The sale is in furtherance of the
plan of reorganization,
St. Louis & San Francisco— In St. Louis in the U, S. Cir­
cuit Court a bill lias been filed by the United States Trust
Company of New YTork to foreclose the general mortgage on
the St. Louis & San Francisco road, the same having been
given to secure the payment of §20 000,000 of bonds, and the
interest having been defaulted on last January!

|Vo l . LVI1I,

Peoria Decatur & Evansville. - A t a meeting of the stock­
holders of the Peoria Decatur & Evansville Railroad thiscommittee was appointed to take steps to protect their interests in
any reorganization that may be undertaken by the bondhold­
ers' committee: R. S. Anderson, F. M. Weeks, E, V, Low, E.
Chamberlain and W, F. Owens.
Philadelphia & Reading.—There has been much activity
in Reading affairs this week. Two committees of the general
mortgage bondholders are asking for support with a view of
beginning foreclosure proceedings. This seems a little un­
fortunate at a .juncture wben the receivers had just been in
conference with leading b inking bouses and had proposed a
plan of rehabilitation in which the concession s asked from
general mortgage bondnolders were reduced to a minimum,
being the sale of their coupons only to January 1, 1895, in­
clusive. It should also be clearly understood that the notes
based on such coupons were to be first paid out of future in­
come, or as Mr. Welsh said the plan “ will provide that the
coupon notes shall be retired out of the net earnings, imme­
diately after the payment of the current coupons for each
year and before the payment of a dollar of interest upon the
income bonds.”
The receivers have managed the propeity with much
ability since it came into their hands, and they have given
every facility for examining all the books and accounts, that
holders of securities might have the most complete informa­
tion. In regard to the present situation they issued in Phila­
delphia on Thursday the 8d inst. a statement of which the
principal parts are as follows :
" T h e record of what has been accom plished during the fifteen
months o f the iboefgbrship, without, the contribution o f a dollar from
the bondholders o r stockholders o f the com pany or other assistance
than through the forbearance show n by the general m ortgage bond
holders, has been sufficiently told in the reports recen tly published.
E ight m illion dollars of fresh m oney h is been raised, and the floating
debt so far funded that an equal amount would take up the balance
still remaining, together with the receivers' certificates. As explained,
how ever, in the supplem ental Teport o f April 19, to provide for this
am ount would require the use o f all the available collaterals ow ned by
the com pany, leaving no other resource to pay the general m ortgage
interest and the equipm ent notes than the net earnings. The equip­
m ent, upon which a little upward o f $5,000,000 remains to be paid during
the next live years, cost upward o f $3,00 >,0OO, and the business o f the
railroad could n ot be profitably continued if it w ere withdrawn. To
the extent that it has been paid for, it has become, a p art o f the se­
curity of the general m ortgage, and it is m anifestly, therefore, to the
interest o f the bondholders o f that m ortgage, as o f all other creditors,
that it should he preserved.
“ It had conte t o he understood that the general m rtg a g e bondhold­
ers were not willing to give the com pany the option to cause their
coupons lo be p urchased for the p etiod o f five years, as had been pro­
posed iu th e original plan o f readjustm ent, and the receivers asked,
therefore, fo r a conference w ith the representatives o f Messrs J. S.
Morgan & Co., Brown, Shipley & Co., B ating Bros. & Co., o f London t
Messrs. Ilrexel, M organ & Co.. Brow n B io -. <fc Co. and B aring, Magoun * Co., o f New Y ork, and Messrs. D rexel A Co. and Brow n
Bros. & Co., o f Philadelphia, to obtain their advice and co-operation.
M eetings were held in the city o f New York w ith the representatives,
of these houses, and, after protracted discussion, a plan was form u­
lated under w hich the holders o f (he general m ortgage bonds w ere to
he asked to give the coutpauy the privilege, if the revenue o f the
com pany required it to fund or purchase their coupons fo r two years,
being from July 1 ,1 8 9 3 , to January 1, 1895, iuelusive, to be m ade the
basis o f an issue o f coupon notes, bearing interest at the rate o f 6 per
cent per annum, and redeem able out o f the surplus net earnings of,
any year after the paym ent of the general m ortgage interest o f such
year, if the plan c ou ld have been carried out in other respects the
geueral m ortgage bondholders w ould have received an im m ediate
paym ent o f then* overdue coupons and interest, and of those stilt to
mature as they fa ll due, while the total amount o f a little less than
$3,600,000 could have been retired out o f the earnings o f one or twogood year3 o f business. I f the consent o f the geueral m ortgage bond­
holders to this proposition cou ld have been secured, it was then
proposed to create an issue o f collateral trust bonds o f $15,000,000,.
to be secured by the present collateral trust bonds, and other prop­
erty. which it is believed w ould have enabled the com pany to dispose
of the issue a t 90 per cent o f their par value, thus realizing sufficient
to take up the floating debt, the receivers certificates and the equip­
m ent uotes.
“ This plan m et w ith the general approval of the representatives of
the houses named and it was confidently hoped that it w ould receive
the support and adhesion o f the e.editors and friends of the com pany
in London.
“ Before it could be subm itted to them, how ever, it was learned that
the representatives o f certain holders o f the general m ortgage bonds
in the City o f New Y ork were disposed to insist that proceedings fo r
foreclosure should be instituted unless they should receive im mediate
paym ent o f their interest: but it was hoped that a full explanation o f
the objections to such action w ould lead them to abandon their pur­
pose. A m eeting was accordingly arranged for, but after a fu ll con­
ference they adhered to their views and the follow in g day gave n otice
o f their intention to take im mediate action.
“ In pursuance o f this determ ination the com m ittee, o f which Mr. P.
F. Olcott, President o f the Central Trust Company o f New Y o rk ,
is chairman, has been organized, and a call fo r the deposit o f bonds
has been published in the dally papers. This call was anticipated by
one issued by the com m ittee o f w hich General Fitzgerald, the Presi­
dent o f the M ercantile Trust Company o f New York, is chairman. In
view o f this action it w ould be idle fo r the receivers and the m anage­
ment to continue the efforts to readjust the affairs o f the com pany,
so long as the conditions o f any plan which they have been able to in­
vent involved the righ t to fund or purchase the general m ortgage
coupons fo r at least tw o years. A t the same time, as the subject has
been under constant consideration and discussion by the receivers,
and m anagem ent o f the com pany during the last year, it is due to the
creditors and stockholders o f the com pany that the results o f su ch
deliberation should be briefly stated.
“ It cannot be disputed, o f course, that the holder o f any bond in d e­
fault has the right to enforce paym ent according to its te rm s; and
ordinarily the holders o f the ju n ior liens and shares should p rov id e
for the paym ent o f the interest upon prior iucuuibranoes i f they ask
for iudulgence; bu t the present case is a peculiar one.
“ The insolvency o f the Philadelphia & Readiug R ailroad Company
cannot be ascribed to a permanent inability to m eet its fix ed obliga­
tions as they mature. Judging by tbe past, the net earnings of any
one year will always suffice to pay the general m ortgage interest a c­
cruing during that year and to make the norm al additions to equip
ineiit and other betterments. I t is not the ease, therefore, o f a c o m ­
pany where it is necessary to foreclose in order to reduce the fixed
ch a rg es; as the bonds which follow the general m ortgage are only
entitled to interest when earned. It m ust be furbhar rem em bered that
the failure n ow to p ay the general m ortgage interest is n ot due to a

M a y 5, 1$W.J

THE CHRONICLE.

775

defiet*«©y. b u t
» if It *?# toil
IR*- m t i 8«o i»# to atber olttocta—ttlh
jeer*, b«w«*vpr, wfetofa air *«*•**mini to th* t«fti value o f the general
l«ort«ajf# %*>»«*»«
** For tb#»* *t*4
reason*.
e*p*et«i!'jr in rl#w o f the present
a»pret*«*leoteii 4epr*-«*ito«* o f b«»i!*eee, it a » » tnouKht ju*ttfUbta, as
W «I #* a t t o
aikf»fNBR<at t*» Mi« *#n#r»S mortgage boatholders to
grmmt »h* relief im1 i<
; tun. for rli*- g»r**«»nt, It rnsmot bo expected
fbar *rieli
wlfl b« given. The mtmt »edmis e«mto the holder# o f the Iam m o t«©o4« aajtfl #bare»t however,
Wbh-h r;»© eo#a« from tint thr^-ito©**! «m*£|»*ci will be the imposition of

Union Pacific,—In Washington, April 26, Atty.-General
Olnev sent to the Speaker of the House a draft of ’a bill en­
titled “ An Act to Reorganize the Union Pacific Railway
Company, and to Readjust and Secure the Claims of the
United States against the said company.”
In explanation of the legislation proposed. Mr. Olner said
that one of the main features was the preservation of tiie e x ­
isting corpoiation, the effect of the reorganization being
an a*«#-**ai**at for Uo* larger part **f wuleh the corn pane can give a
iMNrnritr of **<|ulv.»:ent »alo«; *» th e th* deogeraf the In-**, of tlitor simply to relieve it of existing embarrassments, and to put it
in
a sound financial and business condition. “ That ought to
th# proorrtr throfiffb
need not now be
a# pf«>t>4ttl«. flat It *to*ultl be *L*f inecly understood that it h be done." said the Attorney-General, “ without resort by the
CM*«uts *t to tfir #rtl tent <fid »u«*ce*4ftil emuioct of the imsiness of the United States to the harsh, uncertain and unsatisfactory pro­
two c*»'f»i'aole« that
fund' «hu ihl to* «ilclm*tHy supplied. In
•*■->*; • ••• I , *>>*v- ■' f
« t if« .* >to*»t
*'*j t.jsiljr t' i » tv.* i a» to cess o f foreclosing its liens.”
pay th* general m Hrtxas# lotor****?. In the •••«.*irioz «»f ill * amount the
The existing first mortgage bonds for $33,539,512, less the
fe«'«*i4'er»» and es-Mia/' iH#«t Wih joit** with 40* body *»f »*r»alltors or
am< uot of bonds in the sinking fund to be canceled ($7,616,-r _'jV,. the
OW) are to be renewed and extended at a lower rate of in­
be?h«H8? *#f th eir
l?i
to am 5i** the burden o f provid­
terest, not exceeding 5 per cent, with a provision for a sink­
ing for it a* light a* po**iol*.’*
fund estimated as sufficient to extinguish the debt at the
Tfi# following eorf#^pbfiTeftf-e asptalBf itielf. A letter w is ing
maturity of the bonds.
a d id rt'^ e d b y M r, F , w , W feitrM lge« n m w ^ l fopth** c o t n u i i t a d
The debt of the United States, amounting to about $70,000-,
000, is to i>e paid in 2 per cent one hundred-year bonds,
Dr#x*1r Morgan & Co. as repre^olir K tbemsel \>s, Messrs. secured
by a second mortgage on all the present and subse­
Br^-wn B r^ . t *'j, asd Mn*r?, Baring, Hagotm <k Co., as quently acquired property of the company, and further se­
■ M tein § l
cured by a provision for a sinking fund of such amount that
N e w T o e s , May 1,1 894 .
the annual payment on account of it and of the interest on
these bonds-hail always equal the sum of $1,650,000. From
Mtmr#.* Wf€M%%Mmr0$m:«§ #*«# JTems I w fc &Ugi
this arrngement the Attorney-General says the United States
D t* B
E e ad ia g H al'road f(fti!#f*d stmrigayre IV " ? cent bondderives certain great advantages.
ttok ler* w i t # h i r e (/• «« ernMidertiM ifi« i H d r i o f that com p a n y w ith
The bill authorizes and provides for bonds to be secured by
700 tiftrlss
?s*f f#wdajr«#direr? ® f to * *? 00 the r b U* t th at th ey
Sfr very u m n obliged to you for the attention which fo a have given a third mortgage o f the entire property of the company,
to them, an I fo r f b# oppoptualfy f**u aff *■* **•f tb#*Ji fo r a - tutor -m*-3
called the general mortgage, which among other purposes
w ith Mesara. i , i4*wtx».r W elsh , 4 #a »«ei P i c k t o o and Mr- J o b a C rosby
w ill be used in funding and refunding, by exchange or other
a p it r s ,
!Thry#«»l®r sm*t ip a s p r e a t th eir
i©^MidMwaeter and ability
wise, outstanding obligations of the company.
of ?h«* pr^ent receiver* of the
and tber bojpM* and expect tti *t j Tl't- bill also provides that the general mortgage bonds may
whatever mmf haopen, th--*** aewtiemen will remain la their present
poaitioiM* titjili t$N?f? taeh Is complete*!. M arb that Mf MT**.*h ait»! hi’* ! be used for betterment purposes with the consent of twotgttiaaet, Mr. f>iei#oa 4*.414 reaferday appear* to them h* b« r.*rr just, i thuds of the board of directors.
H, however, wwald. they Whtatt, haw# b«eu addeeiitetl with S The Attorney-General said that a plan o f reorganization,
f t i i i « r force p* th - loeom e iio a lfto id rrt th an to the holder* of tlie j
while referred to throughout the bill, has not yet been defin­
gr#n#ra»l f» « r t g » g e
The *»au*nt«m f riwrwat, however, after dne Medina upon the itely formulated. The proposed Mil, if enacted Into law, will
•eonebleratiofi advanced ay Mr. Welsh, have conclude-1 that th* 911*4furnish the gr< .und-work upon which any reorganization plan
lio s Wfti#h they has# to
is wot oa# iwetwiy o l erw**$hMief buto f rirht. The general i j o d f i f I per rent bawd* were *»,•! under «ueh mint rest; will put creditors and stockholders in poateasionof
aoaptces and the ante was accompanied with aueh atalemeoia that the exact condition* with which they have to deal, and will
they feel the h*»'der* o f those h*>o«ia ought e o v to is*Ut tipoa tli*ir thus enable them to devise and agree among themselves upon
right*. If they do &Mt,|iod the holder* of those b e d * which bar** Ik*sn such a phut of reorganization as the equities of the various
iMord an abort a U w are now ta Ik * sited upon to make sarriOce* of
aay a n h t w l r that oaaaarvit
■lava her# ai
e»n- partfe* concerned ruav demand and the property and re­
n « i fam tm m iim g h » li u m » % aarf hw m tim m m tadttwad seewrtlf with con- sources of the company will |>ermit.
flde&r#. Not omy let ta*lr own iot*r«r*ta. therefore, hot la the lotereafa
Tlte bill was prepared with the oo-o -ration of Hon. George
o f all th m * t»f*rented in American m iiw sj sevar*?!#*, the gentle*
s * s I rep*#•#»•? feel that it I* d n in M e and »**»•*,try. In thla lloadlrr of New York, special United States Attorney in the
fas lane# i t least, that th# right* of tmedhnidara should be Pacific Railroad cases.
iMNweteds
On May 1 a number of representatives of the varied in*
K s i i i s f f%«*.€■ view** >wd ffvwhffy
fcqfref any tppnrewi
d iffe ret re o f optainw with fw r w ir f* and year f p n t b . !b»'r w| I ter<-u anvwjciftted with the Union Pacific Railway and its
pteeywf i#
swell snaps as *«#«- to
in the branch lin< - had a hearing in-fore the House Committee on
Pf-vsnye*Pacific railroads. Five of the number are members o f the
committee which was formed to reorganize the system o f the
T # in - yittf' tewliv
Union Pacific Railway Company.
Among tlu-m were
r . ir . w u i T t i f K i i .
Moors, A. A. It, Boi-xcraio, who represents the Holland
M lo m j
1. mil.old. r
General Lotus Fitzgerald, President of the
New Y objc. M-sy 2, i *9 i
Men ;anulr- Trust Company of New York; Clauses H, Coster
F. MT,
:
^V.—Wn | * f* f o n f f# *o r o f yev'^e-iay, on th# *|H e r f o f §&§ of Dies*), Morgan & Co. of N*w York, iroste*. of the col*
F%I1adei» dr ihNMtfftff Raitr --et fVt»p*4fiy rubers? uaarhirafe i i*#f Ut-rsl trti-t notes and H, Carr and Colonel II. L Higgtnson of
went bonds, afating to it* the riewa of your rttear* with r« f«-r**nce Boston, The counsel for the committee wan represented in
thereto. Th# c Ob teat* o f y o «r lefeirr h*v# tyidsrsjr
icra* the perrons of F, 1, Stetson, J. W , Simpson and Victor
item.
Aj* yon are already aware, from owt #»»#versaflows with yourself sad Mi>raweu ut New York. The receiver* of the road, Oliver
VV, Mink, F. Ellery Anderson, Frederic R. Coudert and Jolm
JNN^ sltMmt#. We drpfafiata aa i seif
w h^h m ar ini>*rfet
*rbsi
We %», W r fo he s *»in* **r» « &d"ai¥uT oa the osr* o f file tn* \r
o f t|M| W Dosrio were present.
fflMSwialphlw A R# s4|®'g Eailf*»aid CMunfaway' ha p'
th p r ♦p^rfy on a
Mr. Bobsevatn said that he could not fully in­
ammd basis ffaaselafiy and m a puaiiloa to meet It* fltsi chargr* sa
they m-ature.
dorse tin bill prepared by the Attorney' General and
fa y1#w of th# e
tenee aipr#s*e1 hy yone #n«nt* fa ih* rhsracter ex-Giiv.-mor IT ..idly. He objected to the proviso re­
and ahffiiy of the Mweiy#r* we rare#-1 14 %»thes# taster .h.tre garding the Government lien. If this section of the
ffiUtmt mgp m ft %*%what they sr*
is* te# « agm*u W# f*»r
bill became a law it would make reorganization ex­
©wr o w » part, VfluM
and #4*i*cle »av ♦mem** Ft
•C4N*ttjrplisfi the-rw*alt4 ahwve tt»dtested. ! w we believe that 4
srif.sg* i tremely difficult. Victor M raweiz. a member of the Reor­
WWlstSr evti os at the p.-e*et*f time «rf|| %m inj3sr.>» i * »n jp-»t*-r"*4*
ganization ('.i remittee, explained briefly the Interests ho rere
•f th# bomlii y: ier*. awd artil place <aaIn a posit Ion arttteh w..i nee****1* resent*.I. It. » g i..d m the main with Mr. Boissevain. The
t«te aoa-actloa on amr part.
only material point of difference between the bill of the At­
y#aii»-1# fy tfn ly,
torney-General and that of the committee waa in the eighth
DRKXSt. M iitii »v A CO.
section. The objection he had to the bill of the AttorneyO f th- t * » r >m nit'**, of th- z-n —
rmi mort<»?- Sii'Ih ^d* General was with the machinery, form and method of reor­
e f* s o a r tn t h - S —It! <stch >«fcinir f o r th.- *aoj>;)rt o f borj<l* ganization it proposed. Under it he thought there might
hoid>-T< i*rt e h - p u tp o i# o f fo t9 C i‘ MBt^, i f n—- ’ - * .,r y , t h - first is* drfRcuiti a in the reorganizition. Jlr. Stetson, of New
b th» o il c l a n d ! - . , of which Mr. Lntti* F iU {«n i'l of th- York, objected to the same section. He thought that it would
Mercantile Tru«t C-wnpan; i» Ch»tr -n »n and th- other m *rn - be construed to put the Government lien ahead of those on
b e r « a r - M -wtrs. J . K i w . r l -iir o m o tit. |{>vn r r N. W h it n e y , J .
branch Mo**. If this construction were put on the section it
O . K Du»r and U-nry H. D-•.b-rt. Mr. H-nr» C. Dtmlat i* might mnk- t!>e reorganization plan difficult. Mr. Coster,
the Secretary.
Thu committee calU for the
of representing Drex-1, Morgan & Co., spoke of the part his firm
hood, with the Mercantile Truat Cotniwny, 120 firosid- had taken in bringing about the trust loan which was
fR J .
secured by various collaterals which practically mike up the
T V tith-r committee recently formed ootMit.t* of M e*rt Union Pacific system. He agreed with other members of the
F r e S e r i- P . O l. o * f, ( o .iir m a n , A d ria n I « e lia , I t . J . Ken­ Reorganization Committee regarding reorganization, and
nedy T 'd. H-nry Budge and Thoma* Dersny. Mr. J. S . Wal- most of them objected to the section if,
b f—, Secretary. 54 Wall Street, New York.
World's Fair Dividend —The World’s Fair stockholders are
Ttii* committ— pr. j. - e . '• to take it-p . to procure the pay*
to be paid a 10 per cent dividend. The Treasurer reported thajt
m e ?.' a t t h - t o t e r e #
th e h o o d # to ca sh ; t o r*»i<t a n y
a tte m p t t o tserea-e* th e p r in c ip a l o f th e a o r t z a g e d e b t, a n d , the ! uir had a cash balance of $1,450,000. The dividends to
it t j f ry to « ■ topU»h the ■ o'.j -1 *. to h »?*• the njor-gnste be paid are: City o f Chicago, $.500,000; Columbian .Museum,
forech— d and to prepare a plan for the rt*. •ritanir.ation of the on stock transfer, $150,000; stockholders, $410,000. The re
property.- A (eindhold—r .’ agreement for the,- parpotie* ha» maining $395,000 will be held by the Treasurer until all the
b e e n pr-par-d, copie. of which may he b a d fr o m a n y m e m ­ all sirs of the company are settled.
ber

fit th e t"< i.u jiitte e . o r at th e C en tra l T r o - C o m p a n y , o n

and after We*ln* 'day, \far 9,

All bolder, of the general

m o r t g a g e feoBd* are u t f i t r i * 0 f t j w i f c - * h d « # t i t h - *ara*, a t
t h * o ffic e of th e C e n t r a lY t t i ; O n u p a n y . t f N e w Y o r k , N o.
£ 4 W a i! S tr a w

—Jfe-srs. Kuhn, Loeb & Co, e ffer, subject to sale,91,500,000
Bhodu Wand State fiVj per cent gold bonds, being a legal fat*
vestment for banks and Isavtog* institutions iD the State of
New York

THE CHRONICLE.

776

[ VOL. LYXII.

The percentages for 1892 are exclusive of the earnings on
constructii n maierial.
As the decrease in the va'ue of silver has seriou-ly affected
the equivalent in United States currencv of the Company’s
earniugs, and ihe results for the year are published in that
MEXICAN C E N T R A L RAILW AY COM PANY currency, which em hasizes this lo-s, the development of the
business of the road is apt to be overlooked. The railroad
LIMITED.
being in Mexico, all of its ooeradons are necessarily in the
currency of that country, and in judging of this development
FOURTEENTH ANNUAL REPORT—FOR THE YEAR it is necessary to analyze the figures toy considering theoperaENDING DECEMBER 31, 1893.
tions in Mexico separately from the financial operations in the
United S ates. which are entirely d-paDde it on the value of
silver and which consequently, no management can control.
Office o f the M exican Central R ’ y . C o . L imited , )
Attention is theref re called to the folio ving statement,
B oston , April 10, 1894. )
showing the gross earnings by year->, exclusive of freight on
To the Sloekholders o f the Mexican Central Railway Com­ construction material, from 1885 to 1891, inclusive, aad the
pany Limited.
mileage operated, earnings per mile operated, and percentages
Your Directors present the following Report of the Com­ of increase.
CO M PARISO N O F EAR N IN G S, 1 8 3 5 TO 1 8 9 3 IN C L U S IV E .
pany for che ie ir eadiug Dsoombir 31, 1893,
(Mexican currency.)
The operations for 1893 compare with 1893 as follows, viz.:

|?vc h a r t s (tucl J lc r c u w c u t s .

M ex. O m rc n c y .
1893.
G ro ss E arn ii g s . . . .$ 7 ,9 8 1 ,7 6 8 31
O per. -E xpenses___ 5 ,1 3 6 .1 8 0 6 7

N e t E a r n in g s ........$ 2 ,9 4 5 ,5 8 7 6 4

1392.
$ 7 ,9 8 3 ,2 5 3 ,6 9
5 ,0 0 1 ,7 8 6 85
$ 2 ,9 6 1 ,4 6 6 8 4

I n c . o r T)ec

In o . $ 1 8 ,5 1 4 62
In o. 1 3 4 ,39 3 82

pi

Iv ^ P o e I n c .
P e r G ro ss E a r n s
o v rr ce n t e x clu siv e o f
M iles
O p e r­ p T 'V ’S o f
Ir e i'ji't on
ated.
near. In c . C o n . M a t e •1.

5

p-

D e o .$ 1 1 5 ,8 /9 20

E A R N IN G S .

The importation of corn from the United States, which the
Government aimitted free of du y under its orier of che 15th
of March, 1893, continued during the year until August,when
the duties were again restored by Government order and the
importation ceased. The decrease of earnings on this class of
business compared with 1892 was $507,493 7o, and there were
no earnings on construction freight d iring th 9 vear, as
against an item on this account of $397,376 40 in 1892, so that
from these two classes of business the revenue suffered a loss
in 1893 of $904,869 16.
The great decline in the pries of silver in June and July
caused a seiious falling off in business in the Republic of
Mexico, as well as in the United States, so that in July, A u­
gust and September gross earnings decreased $131,314 94
compared with the same months of 1892.
The losses, however, in corn imp jrcations, construction
earnings and from the silver panic were during the yeir
more than made u >by local earnings, so that the gross earn­
ings for the year 1893 exceeded those of 1893 by $18,514 62,
as heretofore statel; this we think should be considered sat­
isfactory when compared with the falling off of earnings of
the railways of the United States.
The decrease in the price of silver consequent upon the
closing of the India mints in June adversely aff -cted the ore
shipments during the summer months, but ih->y recovered in
the Fall, and for the year the earnings on this class of busi­
ness show an increase over 1892 of $93,013 47.
The earnings on the line from Tula to Pa ;huca. the opera­
tion of which for income account was commenced July 1,
1892, amounted in 1893 to $87,174 86, and the net earoiogs to
$9,97l 83, in addition to which the earnings of the Main Line
and other branches on business interchanged with this branch
amounted to $305,804 21, which we consider a very satisfac­
tory showing, demonstrating as it does the value of branch
lines to the main stem.
The grot8 earnings on commercial business on the line to
Tampico increased $185,366 09 over 1892, principally on
through traffic via the Port of Tampico.
The decline in the price of silver has caused a large curtail­
ment in importations, as such importations must be paid for
in gold, but Mexico being on a silver basis, and wages and the
necessaries of life not being affected by its decrease in value,
the effect has been to stimulate manufacturing and other in­
dustrial enteiprisfs of the country and increase the local
transportation. This is evidenced by the fact that tne local
freight earnings in the last quarter of 1893 show an increase
of 30 per cent over the same periol of 1892.
The Traffic Association formed in August, 1893, and re­
ferred to in the last Annual Report, has maintained the ratss
on European business to the City of Mexico and on business
to other competitive points, and on the 1st of September last
the agreement was renewed for another year.

1*85
1*6
18S7
1888
1889
1890
1891
189/
1893

123.5-90
1235-9 i
l 3.VQ0
1316-10
146185
l.*' 27-20
1-165*11
1824-83
18»6 6i

?
8.532.819 89
3.857,705 8 S
none ii’ ue 4,585,261 25
8c-50 0ri-6i •V02.600 89
14V.|d H O ’ 5,831,773 85
65-35 0 r i 7 6,l?2,67t 21
137-91 09-03 6.94 2,74 0 35
15972, 09-59 7,5 5,877 29
2i-8i 01-19 7,98i,768 31
D on e n ’ ne

In v e r s e
o ver
P r e v io u s
Y ear.

Per
ren t
of
In c .

E arns.
p rT
M ile
O p r ’d

In c .
Per
o ver
ce nt
P r e v 's o f I n c ,
Y e ar. or nee.

*
$
$
2,858 50
8*4,c 88 16 09-20 3,121 37 262 87
727,555 40 l* -«6 3.710 <6 588 69
717,249 14 15* 4 4,0.8 Ok 317 ( 9
659,273 46 10-55 4.009 83 D. 18 20
260,91-0 37 0»-45 i,069 08 D.
75
820,066 1. 13 39 4,169 54 160 46
623,136 91 08-98 4,146 07 D. 3 47
415,891 02 o5"50 1,322 32 176 25

610-74 49'42 5 l.7 5 U ‘’ 12'l 4 ,i4 c ,9l8 62 125-93

1,464 82 I . 51-21

From this statement it will be seen that, while the mileage
of the road in 1893 had increased 49 42 per cent since 1885,
the gross earnings had increased 125 93 per cent during the
same period, and the earnings per mile operated, which were
$2,858 50 in 1885. had increased to $4,322 32 in 1893, or 51-21
per cent.
O P E R A T IN G E X P E N S E S .

The comparison of classified expenses with 1892 is as folfollow s:
DETAILS OF GROSS EXPENSES.

(M ex ican C u rre n cy .)
1 89 3 .
1812.
In c . o r D ec.
M aintenance o f W ay. $ 7 8 1 .7 4 9 4 5 $ 9 ’ 5 .9 l 2 4 5 D e o .$ l 4 t ,1 6 3 0 #
M otive P o w e r......... 2 ,2 2 9 ,7 5 0
02
2 ,1 4 9 171 51 In o. 7 1 ,2 7 8 5 1
M ain ten a n ce o f CaiS . . . .
419, 841 55
3 s i,2 8 6 37 £ ,c . 1 0 7 ,5 7 7 68
C on d u ctin g iV anspurta’ u 1 ,2 1 6 .5 1 7 51 1,251 .'-71 H Ino. 4 1 .9 5 6 19
G en era l E x p e n s e s ............
4 0 7,309 12
3 5 2 ,5 1 4 6 s Iu c. 5 4 .7 4 4 44
C la s sific a t io n .

T o ta ls..............................$ 5 ,1 3 6 ,1 3 0 67 $ 3 ,o O t ,7 s d 85 In o , $ 1 3 4 ,3 9 3 82

This statement shows an increase of $131,393 82, but the
higher rate of exchange in 1893 on that pare of the expenses
made up of United States currency material and expenses
caused au increase over 1892 of $106,011 97. In order to make
a proper comparison, the exoenses should, therefore, be
placed on the same basis as 1842, by deducting this amount,
which is done in the following statement:
1 89 3 E x p ’s
o n th e s a m e
b a s is of
1 892
(M e x ica n C u rren cy .)
E x c . a s ’ 9 2.
E xp e n se s.
In c . o r D e c.
M ain ten a n ce o t W a v ........ $ 7 4 9 ,7 5 1 35 $ 9 2 5 ,9 12 45 D e o .$ 1 7 6 ,1 6 1 1 0
M o t i v e P o w e r ................... 2 ,1 3 1 ,2 8 4 2 7 2 ,1 4 9 ,4 7 i s i D eo.
1 8 ,1 8 /2 4
M aintenance o f C a is ........
4 01 ,5 4 1 77
32 263 87 Ino.
8 2 ,2 7 4 9 0
Con lu otin g T ra n s p o rt’ n. 1 ,2 6 1 ,4 6 3 38 1 ,2 5 1 ,5 7 1 3 4 tuo.
9 ,3 9 7 0 4
G en era l E x p e n s e s ...........
3 8 6 ,1 2 2 9 3
3 5 2 ,5 6 4 63 Iu o .
3 0 ,5 5 3 2 5
C la s sif ic a t io n .

T o t a ls ..............................$ 4 ,9 3 0 ,1 6 8 7 0 $ 5 ,0 0 1 ,7 8 6 8 3 D eo. $ 7 1 ,6 1 8 15

The expenditures for maintenance of equipment were
$208,209 larger in 1893 thm in 1893, wh'ou in dudes the
equivalent of $30,000 United States currency to provide for
destroyed equipment.
The tie renewals during the year were 181,816 making a
total renewe 1 from 1833 to 1893 inclusive of 3,03),315 ties,
and generally the excellent physical condition of the road and
structures has been maintained.
The statis ics of earnings and expenses for 1893 and 1892
compare as follows :

D E T A IL S O F G R O SS E A R N IN G S .
S T A T IS T IC S O F E A R N IN G S A N D E X P E N 3 E 3 .
(M e x ic a n C u rren cy .)
(M e x ica n C u rre n cy .)
’
C la s sific a t io n —
1893.
1892.
In c . o r D ec.
1392.
Inc'st.
1893.
F re ig h t......................... $ 6 ,1 3 0 ,3 4 7 0 6
$ 6 ,1 8 3 ,1 4 9 2 9
D ec. $ 5 2 ,8 0 2 23
1 .8 2 4 8 3
21-81
P a s s e n g e r ................. 1 ,4 4 3 .7 9 3 7 3
1 ,4 3 9 .5 7 1 6 0
In c.
4 .2 2 2 13 A v e ra g e m iles o p e r a t e d .......... 1.8 1 6-6 4
* 1 ,3 6 4 33
E x t r a B a g g a g e ........
3 5 .7 1 3 33
2 9 ,2 1 1 2 3
In c.
6 .5 0 2 10 G ross ea rn in g s per m i e ......... $1,3 22 32
O
per.
exp
a
n
ses
p
e
r
m
ile
___
$
2
,7
4
0
96
$
!,7
<
1
S7
$
1 0 41
E x p r e s s ......................
1 8 1 ,2 5 2 63
1 5 1 .1 2 2 0 1
In c.
2 7 ,1 3 0 62
$ 1,6 2 2 8 7
T e le g r a p h ..................
3 5 ,3 1 5 57
4 1 ,7 6 6 4 9
D eo.
9 ,i 5 0 92 Net ea rn in g s per m i l e ........... . $ 1 ,5 1 0 95
P
e
r
ce
n
t,
e
x
p
e
n
se
s
to
e
a
rn
’
gs
61-3
5
62-81
1 54
M is ce lla n e o u s ..........
1 55 .31 5 9 9
1 1 2 .4 3 3 0 7
I 110.
4 2 .9 1 2 92
T o ta ls ...................$ 7 ,9 8 1 ,7 6 8 31

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

I u c. $ 1 8 ,5 1 4 62

In 1892 the large amount of earnings on corn imported
into the country abnormally increased the percentage of in­
ternational business c impared with previous years, s i that
the customary gain in local earnings was not aopar-mt, but in
1893 this condition di 1 not exist, and the division of earnings
between local and international, as will be seen irom the fol­
lowing percentages to the entire gross earnings, no itinues the
favorable showing of the large pro,nrti m of the ear am 43 of
the Company that is on business local to the country.
1893.
E a rn in g s on In tern a tion a l b u s in e ss ___3 0 -9 7 per c e n t
E a rn in g s o n L o o a l o u s ln e ss ......................69-0 3 p e r oen t

1892.
36-0 0 p e r o e n t
61-0 0 p e r o e n t

I. 09-20
I. 18-86
I. 08*57
D.00-45
1>.00*02
I. 04-00
D.00-56
I . 04-26

Dec’se•
$ 41 51
$31 92

M IL E A G E .

With the exception of a small piece of sec and main track at
the City of Mexico, 73 100 of a mile in 1-ngth. to m ike a con­
nection with the M esio Cuernavaca & P aciicR iilw ay, there
was no new road constructed in 18 ’3, an l noae is now under
construction. The Sicramento S.oue Q tarry Branch, from
wnich the rails were taken uo in 1392, bong n> longer
needed, h is been abxndone i. Tne Sintugo Branch, a main
track at toe City of Mexico to a coanecuon with the Custom
House, bu It s j verd years but not her -toforo r-qo irted. is now
included in the milea-e, and some other corrections have
been made, so that the complete mileage of the company on
December 31, 1893, was as follows :

THE CHRONICLE,

May 5, 1894,J

Main Line, City o f M exico ro Clad ad Juarez.......... . ....................1.224-16
Santi-ii... Branett, Cl y *>f M exico to S antiago..............................
1-4 >
Pachut-a B tat,t!i, Tula to P a fliu o t..................................................
43-81
Guadalajara Braicti. Irapaato to Guadalajara........................... 161-21
San Bias D ifisiou . toot op era ted -....................................................
16-60
11-34
Guanajiia-'i R.-uneH. -Silao to M affil.........- . - - ................ . . . . . ......

i,- I

.

'

i raia

-....................

..

Bram-li to Compamu M etaiorcica Mex. Smelter S. Lola Potash.
• Bar Extension, Tam pico to La B a r t * .................................. .........

;

5 19
6-10

T ota l....................... ..........................................................................1.876-13

777,

EXPENDITURES.
Preliminary E xpenses........................................
General Expenses.................................................
Enirim ern -g . - .....................................................
©instruction of jetties........ ............................. .
office and Headquarters Buildings.................
Wreckage and Dredging Expenses..................
Real E s t a t e ...........................................................
Railroad E xtension to La B arra...................... .
Tracks at l o a C ecilia.........................................
Wharves and D ocks...............................................
Bond In b -re-t.......................................................
Subsidy E xpen ses..................................................

$3,299 38
61,968 69
76,865 89
2,061.094 27
13,487 42
35,693 10
43,170 92
200.309 32
39,24476
47,672 87
35 7,101 85
1,437 14

.

I n th e p a m p h le t r e p o r t w ill b e f o u n d a m a p s h o w in g th e
lin e s o f th e M e x ic a n C e n tr a l a n d o t h e r r a ilr o a d s in th e
$2,911,345 71
R e p u b lic o f M e x ic o .
RECEIPTS.
EQUIPMENT.
Amount raised as per original estimate. .$1,660,000 00
T h e e q u ip m e n t list o n B e. 31, 1893, w a s as f o l l o w s ;
Balance Miscellaneous Interest A ccou n t141,782 61
1,801,782 64
L ove-m otives;Third cla ss............
3 3 :C aboose................
CO
A w heel ................
7 Combination.
IT'
------$1,109,563 07
E xcess o f E xpenditures........................
6
6 Bait,. Mail & JExp.
2 ' T o fcF g b tC a rs.2 ,6 7 3
71
all of which excess has been provided by and is due to the
8
•*
51 Special..........................
10 “
....................
50!o ff ic e r s .............
! Sundry Cars—
Mexican Central Railway Company.
Y B l a r d io g ..............
2
Botde ...................
17-Pay.......................
72
-— W ater....................
Mogul.........................
1
FINANCIAL,
*■
C onsolidation___
6 T ot. Pass. Oars 123: V o l t and C oal..
W re ck in g ............
10
8
Compound............
The Income Account for the year 1893, in United States
Pile Driver ........
5
___
Double End Corn,
3 Freight Cars—
B o x ........................I ,5 2 ai3team Shovel___
1 currency, was as follows :
Net Earnings............................................................................... $1,764,823 11
T ot. L ocom ot’ s. 14*' S to ck ..................... 3"ft
===== W o o d ....................
94 i ixeu Charges and Miscellaneous Interest......................... 2,213,349 02
30 Tot. S'ndryCars
Passenger Cars—
*'o»t......
169
Cans.
D eficit.................................................................................... $178.525 91
___
16 C o k e ....-------------47
First etass
2,S «o
S e c o n d c la s s .
.»•»:
* -5-a Total
22 iri«
F ia,t....................... 5

In connection with this equipment list, attention is called
to the credit on the B d aice Sheet to Equipm;nt Fund,
amounting to $104,154 87, United S'ates currency, which is
a Fund provided to replace worn-out and destroyed equipment
and which is an accumulation of charges made from time to
time, either to the expenses or to the Income Account direct,
for this purpose, so that the balance here stated is sufficient
to cover the cost of replacing all equipment on the condemned
or destroyed list December 31, 1893.
TAMPICO

HARBOR.

From the date of the last Annua! Report until the middle
of June the depth of water on the b ir ranged from 19 to 30
feet; at that time fl -ods from the Panuco River, caused bv
heavy rains, brought down materials obstructing the channel
and shoaling the bar to 15 feet.
In July and September there were unusual freshets in the
Panuco River, the rise at Tampico being from one to two feet
higher than at any previous time since the construction of
the railway.
These freshets submerged our tracks at Tampici, making
the operation o f the u m « for several week • very difficult.
During these freshets the velocity of the current between
the jetties reached about 10 miles p ir hour.
After the freshets had s u b s id e d it wa* found that the old
inner bar, which was composed o f hard material, had been
scoured out to a depth of 24‘ j feet, while on the outer bar the
depth had been increased to 17 feet,
These depths continue 1 to increase, and at the present time
there is a clear navigable channel with a minimum depth of
about 22 foot oo the outer bar and about 24}% feet on tne oi l
inner bar, thus proving the correctne-s of Uu< theory adopted
at the time the harbor works were projected that the canal­
isation and prolongation of the river channel seaward by
means of the j-ttiea would increase the velocity of the cur­
rent and thereby scour out the old bir and deposit the debris
therefrom where the gulf currents would distribute it along
the coast, leaving a deep water channel into the harbor of
Tampico.
The Hoods during June, Julr and September and the shoal­
ing of the bar caused interruption to traffic and the falling off
to some extent in earnings.
Since that time there bus been a steady and satisfactory in­
crease in business to and from the port.
The New York A Cuba M ill Steamship Company has ar­
ranged for a line of steamers, with direct weekly sailings, be­
tween New York and Tampico in connection with line* from
European Ports. This arrangement wid, no doubt, materi­
ally iocreate the busioesa by the Port of Tampico.
The Tampico Terminal Company, iu connection with the
Johnston Line of Steamers, is now erecting & large wharf and
coal facilities at Tampico with a storage capacity of 7,000
tons, and a line of steamers will bo out 00 between Baltimore
and Tampico, carrying coal on the outward trip and exports
from Tampico on the return.
The railroad extension from Tampico to L% Barra, built to
make a connvcion wiih the jetties, and the lands and other
property b t»>en Tampico and La Barra were owned by the
Mexican Central Railway Company, while the concession
from the CJowrnmePt for tbe caridiz itkm of the j-Uteo and
other work* at Tampico was owned by the Tampico Harbor
Company, which was formed for the purpose o f carring on
this work. In order to f bv\ m- the confusion and compli­
cations resulting from this division o f ownership, tbe D,rec­
tors decided to sell and transfer to the Harbor Company at
cost the property owned by the R iilw.iv Company between
Tampico and L 1 B»rra. the H «b o r <k>inpauv as the sam*
time to give aulbnihy to the Railway Company to operate -aid
properly. This irao-actian was complete i ui 1833 a id the
cost of th" property *0 transferred is shown in the Usueril
Balance Sheet a» a deduction from the construe ion account.
Tbe following is the account o f th© receipts and expen­
ditures o f the Tamoico Ha roar Company, in United States
currency, to December 31, 1893.

in earr ing fixed charges was provided for by amount with­
drawn from the Subsidy Trust Fund in accordance with the
terms of the Trust Indenture.
Income Account was charged in 1893 with a full year’s in­
terest on the bonds issued on the line from Tula to Pachuca,
as against six months in 1892, which accounts for the increase
in fixed charges. The it m of $67,874 84 shown in tne Income
Account is depreciation in the Mexican currency assets from
December 31, 1892. caused by the decline in silver and is,
therefore, not included in the statement o f operations above,
but is deducted directly from Income Account,
Tbe maximum price at which we sold Mexican dollars m
1898 was 66‘k ce -is and the minimum 55 cents, the average
for the year befog 62*02 cents, as against 68-26 cents in 1892,
an average decrease of 6-24 cents.
As showing the effect of the decline in silver on the revenues
of the Company, it should 1*? stated that, had the average
price of Mexican dollars in 1893 been the same as in 1892, the
Mexican Currency amount of the United States currency
material and ex pens ■* included in operating expanses would
have been >216.011 97 leas and our net earnings in Mexican
currency would have been that much more, tnskiog them
$3,051,599 01, which, at the 1892 average price of Mexican
dollars, vm , 68-26 cents, would have produced a net earnings
equivalent in United States currency o f $3,083,021 89, instead
ot the actual m u l l s , as shown by this Report, of $1,764,828 11,
the diff relief- of $318,198 78 added to the depreciation in
Mexican currency assets, $67,874 84, as shown by tne Income
Account, makes a total of $336,078 62, representing the loss
incurred in 1893 in consequence of the depreciation in silver.
Th * unfunded debt of the Company at the end o f 1893, rep­
resented by it- notes payable, was $1,000,000. the same as
at the end of 1892. To cover this there are ample securities
in the treasury of the Company whenever the market prices
wariant their disposal.
The folio vtng is a statement of the Subsidy Trust Fund for
the year 1898.

STATEM ENT OF SUBSIDY TRUST FUND, BOSTON SAFE D E ­
POSIT A TRUST CO.. TRUSTEE. FOR TH E YEA R 1893.

(C.xrtKD STATES CCBItKNCT.I
Balance in h a v e, o f Trustee D ee 3 1 .18 92. $4.311,378 91
I wtereat received during the year 1893 ..
218.642 82 $4,530,021 73
L«#*—
Trustee** w im peoaafn on e y*r to Dec. 1 .'93
Amount withdrawn from Fond and paid
to Company in accordance with terms
at Trust Indenture ................. ...................

$2,500 00
500,000 00

Balance in hand* o f T nu tee Dec. 30 .189 3.

502,500 00
*4.027.521 73

The amount o f In tore it collected fo r aoo f the Trust during the year w a»..............
Lee* Trustee** com p en sation ........................

$218,642 82
2.5U0 00

Showing the net incom e o f the Trust fo r
the j ear 1893 to hare been ........................

_ ______
$216,142 82

an average rate for the year of 5 per cent.
IN GENERAL.

On January 6th of this year the Company suffered a loss in
the death of one of its directors, Mr, 15. W. Converse, who
had been a member of the Board since January 7, 1891, and
who was highly respected by his associates.
At the lost Annual Meeting of the Company, Mr. A. A.
R bin-.<n was elected a Director and at a subsequent meeting
of the Directors was chosen President, in charge of the gen­
eral business and affares of the Company.
The Comptroller's Report, following, gives the B dance
Shier -iud income A count of the Company, in United States
currency and other statements pertaining to its operation.
In conclusion it will be seen from the foregoing that the
poor results for the year in United States currency are en­
tirely attribu able to the low price of silver.
All transactions in Mexico being on the currency basis of
that country, it is not practicable to change the rates to com­
pensate for depreciation in silver, and the proportion o f the

778

THE CHRONLCLE.

expenses incurred in the United States currency is increased
by every fall in the price of silver. While this cannot be
avoided by the management, it is its policy to curtail as much
as possible, purchases in the United States and Europe, and
wherever practicable to make its purchases in Mexico. Such
purchases being in Mexican currency, the adverse effect on
the expenses by the depreciation of silver is, to some extent,
offset.
We wish to congratulate you on the wisdom and foresight
o f the earlier management of this property in setting aside so
liberal a Trust Fund, which enables this Company to meet its
interest obligations without embarrassment.
Respectfully submitted b y order of the Board,
A. A. ROBINSON,
President.
G E N E R A L B A L A N C E S H E E T D E C . 3 1, 1893.
(UNITED STATES CURRENCY.)
A SSETS.
C o n st ru c t io n a n d E q u ip m e n t —

T o D e c e m b e r 3 1, 1 893 .........................* 1 3 5 ,9 2 3 ,3 3 1 4 0
L e s s c o s t o f p ro p e rty b etw een T am ­
p ic o an d La B arra s o ld to th e
T a m p ico H a rb o r C o ........................
2 9 4 ,1 9 1 9 0
-$ 1 3 5 , 6 2 9 ,1 8 9 5 0
M a t e r i a l , F u e l a n d S u p p l i e s o n h a n d .....................
6 9 9 ,7 3 2 87

[YOU LVIII.

JJIxc (Tounucvcuil JJimcs.
COMMERCIAL

General business continues slow but since the opening of
the month a few of the leading commodities have received
increased attention from buyers compelled to renew assort­
ments. Speculative operators in staple descriptions of mer­
chandise devote attention principally to protection or settle­
ment of maturing obligations. A slightly more hopeful
feeling has developed in commercial circles in consequence
of an impression that Congress will soon dispose of the tariff
question. The strike of Western railway employees pre­
viously advised has been settled, but the difficulty with
working miners continues, and labor troubles are reported
from many manufacturing localities where notices of a reduc­
tion of time or wages have been given. The general charac­
ter of crop reports from all sections of the country has been
promising, the cereals in particular appearing to make good
progress. The State canals are now open.
The following is a comparative statement of stocks of
leading articles of merchandise at dates given:
1 894.
1.

B o s t o n S a f e D e p o s i t d ■ T r u s t C o ., T r u s t e e C o s t o f $ 5 ,5 9 7 ,0 0 0 5 p e r ce n t P rio rity

B on d s p u r ­
ch a se d fo r i n v e s t m e n t ......................................................
B a la n ce in th eir h ands D e c e m b e r 3 1 ,1 8 9 3 ...............

JB a n c o N a c i - m a t D e M c x i c o C o st o f $ 5 5 0 ,0 0 0 0 0 M ex ica n G o v e rn m e n t B on d s p u r­
ch a se d w ith S u b sid y m o n e y a n d d ep o site d in lie u
o f an eq u a l a m ou n t o f S u b sid y C ertifica tes h eld
as g u a ra n tee to the M ex ca u G o v e rn m e n t u n d er
th e C o m p a n y ’ s c o n ce ss io n s ............. ................ ............
P a r va lu e o f M ex. C entral C on solid a ted M ortg ag e 4
per ce n t B on d s d ep osited as g u a ra n tee u n d e r v a ri­
o u s co n ce s s io n s in lieu o f S u b sid y C ertifica tes re ­
le a s e d .* .....................................................................................
C ost o f $ 1 0 ,0 1 7 36 M ex ica n G ov ern m en t C ertifica tes
o f In d e b ted n ess d ep o site d as g u a ra n tee u n d e r the
T u la P a elm ca & T a m p ico c o n c e s s io n ..........................

4, 0 2 7 ,5 2 1 73

1 0 5 ,7 0 5 10

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

T a m p ic o H a r b o r C o m p a n y —

P a r va lu e o f s ecu rities issued to th a t C om p a n v , u n ­
d e r co n tr a c t to p ro v id e fu n d s fo r p ro s e cu tio n o f
w o r k on T a m p ico H a r b o r ................................................
N o t e s a n d A c c o u n t s R e c e i v a b l e ................................................
C a s h B a l a n c e s D e e . 3 1, 1 89 3 —
On b a n d aDd in B an k s........................ ..
.$ 9 9 5,45 9 88
I n tra n sit to B o s t o n ................................
1 2 1 ,9 9 0 69

4 , 000,000 00
1 ,7 0 9 ,0 4 6 45

1 ,1 1 7 ,4 5 0 57
$ 1 5 3 ,8 0 0 ,0 8 0 21

L IA B IL IT IE S .
C a p i t a l S t o o l : . ................. .......... ............................

$ 4 7 ,8 4 4 ,1 0 0 0 0

Bonded Debt—
F iv e P e r C ent P r io r ity B o n d s ...............
C o n so lid a ted M ortg ag e 4 p. ct. B o n d s
(includ. $ 3 8 7 ,0 0 0 0 0 d ep o site d w ith
t h e G o v e rn m e n t as p er con tra ) ___
F ir s t M o rtg a g e B on d s, n ot co n v e r te d
in to C on solid a ted M ortg ag e B o n d s.
F irs t M o r e B on d S crip , ex c h a n g e a b le
in to F irst M ortgage B o n d s ...............
T e n P e r C ent C ou p on N otes (cea sed
t o b e a r in terest A p r il 16, 1 8 8 9 ) ___
T e n P e r C ent C ou p on N ote S crip , e x ­
ch a n g e a b le in to C oup on N otes .......
F ir s t C on solid a ted l u c o m e B o n d s___
F ir s tC o u s o lic la te clIn co m e B o n d S crip ,
e x c h a n g e a b le in to F irst C o n s o li­
d a ted In co m e B o n d s .............................
S e co n d C on solid a ted In com e B o n d s ..
^Registered In co m e B o n d s a n d S crip .

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

1 2 ,9 8 2 5 0
200 00
5 0 0 00
1 7 ,1 6 8 ,0 0 0 0 0
8 8 ,3 0 0 00
1 1 ,2 2 2 ,0 0 0 0 0
5 7 8 ,2 0 0 00
$ 1 6 ,2 9 4 0 0
1 ,1 5 3 ,3 0 0 0 0
2 0 44

N o t e s P a y a b l e ................................................................. ...............
T o u c h e rs. P a y - R o lls a n d A c c o u n t s P a y a b le —

In clu d in g w a g e s a n d salaries fo r m on th o f D e c e m b e r

6 4 4 ,9 3 6 17
1 0 ,2 5 5 ,8 7 3 20

M e x i c a n G o v e r n m e n t S u b s i d y P r o c e e d s ................................
E q u ip m e n t F u n d —

B a la n ce o f a m ou n t set a sid e t o r e p la c e w o r n -o u t and
d e stro y ed e q u ip m e n t...........................................................
In c o m e A c c o u n t—
B a la n ce t o D e c . 3 1 , 1 8 9 3 .......................................................

1 0 4 ,1 5 4 67
7 6 ,2 1 9 23
$ 1 5 3 ,8 0 0 ,0 8 0 21

IN C O M E

ACCOUNT

FOR

THE

YEAR

1893.

(UNITED STATES CURRENCY.)

Cr.
B a la n ce from 1 8 9 2 ........................................... $ 1 2 2 ,6 1 9 98
B e c e ix e d fro m S u b sid y T ru st F u n d , in
a cco r d a n c e w ith term s o f T ru st In d e n ­
tu re ....................................................................
5 0 0 ,0 0 0 00
N e t E a rn in g s fo r th e y e a r ............................. 1 ,7 6 4 ,8 2 3 1 1

$ 2 ,3 8 7 ,4 4 3 09

C on tra

O ne y e a r’ s in te re s t on M ortg ag e B o n d s ..$ 2 ,2 2 6 ,9 6 2 0 0
M isce lla n e ou s In te re s t A c c t . fo r the y e a r
1 6 ,3 8 7 02.
D e p r e cia tio n in M ex ica n C u rren cy as­
sets, ca u sed b y d eclin e in silv e r...............
6 7 ,8 7 4 8 4
B a la n c e

ca rrie d fo r w a r d to 1894,

A p ril

9 ,6 9 5
1 4 ,4 7 6
14,1 33
4 7 ,7 0 5
2 0 2 ,8 9 5
3 9 ,8 9 2
5 7 ,4 4 9
8 .6 5 0
3 7 9 ,5 9 0
694
1 6 4 ,1 0 0
2 3 8 ,9 9 0
2 3 ,0 0 6
3 87
1 ,6 5 6
7 ,5 0 0

2,200
N one.
5 ,6 0 0

1 89 3 .
I,

M ay

1 1 ,5 5 3
11,7 37
1 4 ,3 9 9
5 0 ,0 1 0
1 8 7 ,18 5
2 9 ,7 3 0
7 4 ,6 2 9
3 ,2 8 3
9 6 ,1 2 5
N one.
1 6 3 ,6 0 0
2 5 0 ,3 0 4
2 3,605
2 ,1 7 9
7 32
1 8 .0 0 0
3 .7 0 0
N one.

9 ,7 5 5
9 .2 3 0
1 5,2 73
4 5 ,5 7 9
2 3 4 ,7 7 1
9 2 ,3 4 9
1 0 8 .6 8 0
N one.
3 2 ,5 3 3
133
2 9 0 ,5 0 0
2 4 3 ,9 3 9
3 3.4 9 A
682
4 ,0 3 5

12,000

1 5 .5 0 0
N one.
1 3,0 00
2 6 ,6 0 0
3 ,7 6 2
3 .0 8 9
1 9 7 ,1 0 0

6,600

6.000

6,000

8 .3 6 4
10,1 47
2 0 0 ,7 0 0

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

Lard on the spot has met with a slow trade and prices havr
declined, closing easy at T@71^c. for prime City, 7'90c. for
prime Western and 8'20c. for refined for the Continent. The
speculation in lard for future delivery at this market has been
dull and prices have declined under increased receipts of
swine at primary points and selling by packers.
DAILY CLOSING PRICES OP LARD FUTURES.
Sa t.

M on.

T r ie s .

W ed.

lh u r s .

F r i.

800
7*55

7-95
7*60

7*95
7*6’3

7 -85
7*50

7*80
7*50

7*857*60

Pork has been in limited request and steady at $13 25^14
for mess. Cut meats have been quiet but steady. Tallow
closed lower at 4%e. Cotton-seed oil has weakened a trifle,,
closing at 30c. for prime crude and 33@33%c. for prime
yellow.
Raw sugars in better demand from refiners and speculators
at advancing rates. Centrifugal quoted at 2 ^ c. for 96-deg.
test andlmuscovado at 2 7-16c. for 89-deg. test. Refined su­
gars declined, the lower cost attracted considerable demand
and the close is firmer ; granulated quoted at 4 3-16c. Teas
steadier for staple grades.
Coffee sold slowly, was offered with greater freedom and
9 2 ,7 0 5 ,1 8 2 50
cost further shaded. Rio quoted at 16[i c. for Mo. 7 flit beau
and 15%c. for cafe das aguas; good Cucuta, 21@21J^c., and
interior Padang, 23§23%c. Contracts for future delivery
were dull, with tone of market barely steady, and to-day
buyers retain advantage.
1 ,1 6 9 ,6 1 4 44
The following were the final asking prices :
1, 000,000 00

6 3 0 ,0 0 0 0 0

T o ta l

P o rk .........................
hbls.
L a rd ............................................. tcs.
T ob a eoo, d o m e s t io ..............bbda.
T ob a cco, fo r e ig n ................. bales.
Coffee, R i o . . . ........................ bags.
Coffee, o th e r...........................bags.
Coffee, J a v a , <fec___________m ats.
S u ga r....................................... hhds.
S ugar................................b a g s, &c.
M olasses, f o r e i g n ................bhds.
No.
R id e s ___ _______
C o tto n ..................................... bales.
R o sin ......................................... b bls.
Spirits tu rp e n tin e ................. b bls.
T a r..............................................bbls.
R ice, E. I ................................. bags.
R ice, d o m e s t ic ........ .............. bbls.
L in se e d ..... .. ....................... ..b a g s .
S altpetre..................................bags.
Jute b u ^ s .......... ...................bales.
M anila h e m p .........................bales.
Sisal h e m p .. ._____ _______bales.
F lo o r ........... .......b bls. an d sacks.

M a y .........................................
J u ly ................. - ....................

C o u p o n s a n d A c c r u e d In t e r e s t —

C o u p o n s o v erd u e, n o t p r e s e n t e d ........
C ou p on s due J an . 1, 1 8 9 4 ......................
A c c r u e d In teres t to A p ril 16, 1889.
o n o u ts ta n d in g C ou p on N otes and
S c r ip ............................................................

1 89 4 .
1.

M ay

6, 1 2 2 ,6 4 6 37

jB o sto n S a fe D e p o s it & T r u s t C o m p a n y — T ru ste e S u b s i d y
T rust F u n d —

T otal

EPITOME.
F riday Night, May 4 ,1 8 9 4 .

2 ,3 1 1 ,2 2 3 86
$ 7 6 ,2 1 9 23

M a y ___- ............. 15*15c. I A u g ...................... 14*75o. I N o v ......................13*95o.
J u n e ................ ...1 5 * 2 0 c . S e p t .............. .. ...1 4 * 4 5 e . D e e . . . .................13*85c.
J u ly ..................... 15-05C. 1 O c t ...................... 14*20o. I

Kentucky tobacco has been in slow demand but values have
held steady. Sales 200 hhds., principally to shippers. Seed
leaf tobacco has received a trifle more attention at steady
prices. Sales for the week were 1,350 cases including 100>
cases 1892 crop. New England Havana, 18@50c.; 100 cases
1892 crop, New England seed leaf, 21 raj 26c.: 100 cases 1891
crop, State Havana, 13c., &c., &c.; also 750 bales Havana,
G8c.@$l 05, and 350 bales Sumatra, $2 90@$4 20.
There has been a further advance in the market for Straits
tin in response to stronger foreign advices, and the close was
steady at 20c. Ingot copper has been quiet and prices have
been lowered a trifle, but the close was steady at 9*30c. fo r
Lake. Lead has been quiet, closing steady at 3*35c. for do­
mestic. Spelter has been unchanged and steady at 3*5oc. for
domestic. Pig iron is quiet at $10 50@$13 50 for domestic.
Refined petroleum has been unchanged at oToc. ia bbls.,
2*6oc. in bulk and 6*25c. in cases; crude in bbls. is unchanged,
Washington closing at 6c. in bbls. and 3 50c. in bulk ; naph­
tha, 5%c. Crude certificates have been quiet. Spirits turpen­
tine has been in better supply and prices have declined to
29@29^c. Rosin has been firm but quiet at $1 173^ a $ l 20
for common and good strained. Wool has been active and
firm. Hops are dull and easy.

Ma y

o,

THE CHRONICLE.

1894.]
C O T T O N .

May i, 1894.
The Movement of the C rop , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 38,823 bales,
against 44,394 hales last week and 47,908 bales the previous
week; making the total receipts since the 1st o f Sept., 1893.
5 ,1 to,243 bales, against 4,191,386 bales for the same period of
1892-3, showing an increase since Sept, 1.1893, of 923.856 bales.
F r id a y N ig h t ,

Xtctipl* at—
S alve-ton........
Velasco,
....
New Orleans.«
M obile*.___ . . .
Florid ’i
SaTsumali. . . . . .
Bruns W k, &c.
Charleston.......

Mon. f T u u .

Sat.
190

1,317,
299
28 —*. . .
4,572 1,425
77
96!
100
340
•459
287
eg
293'
15
40
21

Wed. |Thurs.

m .

141

531 j
......1
6-19

712
357

656
•2;*i
47

Boston.............
Baltimore.........
K slU ielph'aA c

86
......
91

93
718
•25

8*28
......
251

216
629 2,803
2<S!
534
3,
440
212
863
1,275’j
3,275
160
92
247,
4,874
14
14
u
_____ j
......
361
998
128
j
159
20
485
......j
600
50|
214
50
426
......
......I
204
353
106;

TotIs this week

3,935

9,0*6

4,622

3.452

Wilmington___
Wash'ton, Ac.
Norfolk........ .

1,74 8
i
655
88
4

JTport N<fee.

1,030
213
1

3.725 14,043

Total.
2,528
244
11.826
737
540
3,827
3,562
949
4,889
104
3,965
1.03*
512
600
1,321
1,14*
1.037
38,833

The following shows the week's total receipts, the total since
Sept. I, 1893, and the stock to-night, compared with last rear
189 ’>3.
i
1893-94.
I
gtfeip lt to
Thig Since Sep.
| Thti
‘f t * * 2 M
j 1891.
May t.
’ Week. j 1, 1893. I Week, j1 1. 1992.
joMveatun .
2,528 967,489,
Vetot-c.), A c.;
244 1' 38,7071
New Orleans 1 1 320 1,408.105
7 3 7 ; *197,564;
Mobile..........
<FtdKld
540:
j
**•?**(
... f 33 27;
3,5 62
88,008;
p lip i# f to il. .1
mm 33 5 3 4 5 ;
77,799;
4,8891
|fllialuKtoo,.S
104;
Taah’o, Ac
4 9 9;
f f a r f o i k . . . j s'm rJ *405,417;
fla tt Point] 1 ,0 3 3 = 235,57®59,002,
,V p':.v..A c
5 12s
few Y o r k ..,’
89,830:
......
95,209;
l f32 lj
'jttltii&ore 4 1,144';
56 ,1X1!'
1,0371
53,042"
i=irhibta«L.Ae.'
'

.
j] 1893.

44 592
1,36V* 1,023.822
3 4 ,4 5 3
2 ,2 :1
an
48.1181
8,457; l.,488,22o| 139,198! 1-15,342
1,550 104.785!
13,954
10, 10*
27*981 j
4,823; 743,459!
27.236
40.493
2.100
. . . . . . \ 140,265]
330
1,280 274,410!
26,370
3 0 ,1 7 0 ]
425;
167, 130.943!
5,071 j
7,663
3*178;
026
126
300,
3.309
691
1.221

203.418)
187,890.
19*147
49JM *
103,678'
59,427,
41.9 i t ’

2§,507|
35.010
2,153
4,4 U
840
0,909;.
W9A
138.980
7.800"
10,900
18,60$;
0,794
7.312'
12,094

jlhtal-*....... i 38 423 3.720.3 11 30.5*03 +,791.396 552,7#5 03O 158
* 9 1 1 lin le* a d d e d * t .vf*-*t*11#* a n d 2 ,1 0 6 bale-* a t JfojhfoIk a i e o r r e c t i o o n
mc«tpt» m m September l.

Comparisons for leading fiorta are given for six season*:
at—1 1894. | 1893. | 1§02. | 1801. 1 1890. [ 1889.
nKi*»'a,&a.j 2,772
5,210
4.715!
5.692;
435;
2,791
ev Orleans] 11,920,
8,4571 17,230j 13,740:
0*3ad
6,480
:«Mle......
737
1,550;
2,173)
1.852
2*7
484
j*f®aoah...
3,827
4,823
4,5211 1,416
6,919
6.3001
fa&*tant&c
2,205
5,443]
5,838;
1,280
193'
2,250
gpfUm,4(e
10*1
187
506!
44 i
30i
181
‘iri&tk.....
3,965
3,178
2,94 s;
3,20l|
1,933
t.m :
4. Point,Me.
l.Mo{
754|
4,639!
2.021!
1,441
871
|Xothers...
8*264'
5.527;
9,406;
6*276;
2,393;
6,606
It.this wk. j 38.823 30,068 50,870 44,772 10*408] 22,411
:ne*.
1 I5720 242s47f»l*3»0 €4793 025 6013 083 **»717.377 5439.581
e*SK,rte for ifco week eriding this even inK reach
ton !
0 102,77*1 1,
of which 37 »>*s2 were to Gre»it Brita in, 3,3.>5
1 Franc- and 50,388 to tiw r
o f the Cootiesml, IUMow arc
s;.a exports for the
.t nd
Septero^r 1, 1803.
| Week. Rnstinq !#«?3t *.
|Prom
l. iiSifcJ, f(j A
i*79rt<eI to**
Bxtort*
] 0*>Mtf I
{ Ctmft-j[ Total j Gri.it 1
| Coni*' i fromtotal.
[0p|,f*fi,|*',*n<
c*i
|
1 ir«*. flrtlaw, (V3ne*\ nenL
[ 3.7*li MA
ftj.j ,.|a sj:-2
H?fl
fftvaKoft...*.
|<!.#*£*>, Me... ■
ish! .... ...j __
P$J 3I.H28
Ortams..| u m $1 5.0?t| i
^1. 3mMU'MCKMMM
BMIsIt Pm.
$ito\ U,f&4
j
. . . . . j
530t
___.
353,10i8 $01,013
s-lmawkss., ,
>4*| 08.510
fttfafton*...
wj m.m
[■:%SKIIgU.'T, ., j ..... j ..... I 4.?4*>j
m 167,104
•Irtotk.......
1 lS3rtfJS|
Jsol UMof 168,518
?l
Dift
*&Point...
1U.,| 711,40?!
*3 S.-v ►
j ijors! .... | ..... |
I 1,044* 40.1$:*! .. .
| 40,155
tetor,.
!
i*rzjtu U.7«[ I$2,31[31 601 553
IfetetL........
13i 220,103
1 1,44ki *V$&\ ..
hlffiOTH., ..,
17i 127/.1M 173.313
j 27*173
at....-| 104) .. ( 156 334} tO.ISal ....
s*el...„__ J 97.1821 %M1.ll
>4)4,781,148
1‘ i.776
7tA b77.fi
l*t. \*mm .* X3MHI*
SS.D7-»'*<M*JP9'W.S !.4Sn,31
locH'lis. Pof%Htjy&l.

779

la addition to above exports, our telegrams to-night a lso
tive us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures fo r
New York, which are prepared for our special use by Messrs,
Lambert & Barrows. Pro luce Exchange Building.
OS SHIPBOARD, SOT CLEARED— FOR

May 4 at—

Leaving
Stock.

Other I Coast- :
Great \
Britain. \France j Foreign ■ wise. 1 Total.
4,939
4.513
Jione.
Hone.
Xone.
3,90o
3,600
6.000

3,355
.S'one.
Jfone.
Kone.
Noiio.
None.
250
S ons.

Total 18 94...

22,982

3,605

Total 18 93...
Total 18 92...

86 395 i
49,758 ■ 3,184 24,923
9.530
7,417 ,: 33,329 i 4.775 ii 62,390
16,839

New Orleans...
G a lv eston ......
Savannah.........
Charleston.......!
Mobile *.........
N o r f o l k !
New Y o r k ......
Ocher port —

8 ,0 1 4
1,836
2 ,6 0 0 | 4,577

2,000 ! 1.200
7.000
None.
None. ! None.
3,000
500
8.500
None.
3.000 None,
31,644

10,613

18,174
11,720
3,200
7.000
None.
7,400
12,350
9.000

1 121.024
j
22,733
]
24,033
'
23,178;
16,104
!
21,167
! 215,923
| 39,788

68,844

483,951
543.76&
702,411

Speculation in cotton for future delivery at this market
continues in much the same form as in previous weeks, Op­
erators find nothing in the situation to encourage investment.
A great many holders o f contracts gradually become dis­
heartened over the absence of custom, and efforts to realize act
as a depressing factor upon values. Information received in re­
gard to the erowing crop during current week has been con­
strued as;promising, except for a few unimportant localities.
The demand from home spinntrs continued exceedingly
small and numerous stories of proposed closing of mills have
been circulated. During Saturday there was considerable
“ long’’ cotton soli out, cau-ing a decline o f 7*8 points,
and on Monday a similar loss was made, the news
from abroad and comparatively full port receipts
acting as features to discourage holders. Tuesday’s mar­
ket ranger! higher, the local contingent of small traders,
having over sold and feeling anxious to cover, providing a
stimulating demand, but the close was easy, with only three
points net gain. On Wednesday there was a sharp drop o f
14*1(1 points in e-m—••-icnce of reported heavy liquidation at
Liverpool, causing sympathetic action here, ami yesterday the
opening wa< stronger on a report that the pressure had been
removed from the foreign market. The full advance of the
day, however, could not be sustained for want of demand be­
yond the narrow limit of local “ shorts." To-day the market
has been quite irregular, but the general inclination in buyers
lavor, the foreign and domestic advices proving tame. Cot­
ton on ilu1»pt>t has -old moderately, closing at 7}.,o. for mid­
dling uplands.
The total gale* for forward delivery for the week are 790,400
odes. For immc ante delivery the total sales foot up this week
7,911 bales, including 800 for export, 2,811 for consumption,
— for speculation and 4,90m ffa contract. The following are
the official quotations for each day of the past week—
April 28 to May 4.
Rates on ami off middling, as established Nov. 29 bv the
Revision Committee, at wiiiob gr.ides other than middling
may be delivered on contract:
Fair........
___ C. 1*3 oS .
. .e. Xl4 on. f Good Ordinary*
air.
... Ts 00- I Good M ddifnar Ting cil...
JEven.
Strict flood1 Miditiling. . . . . % on, Strict >flddUug Stan u-A- 7 „ oa.
Good Hi dd
....
on, j Middllmc S tiin ed ... ...... 7tA "*t-

Strict Low Mld’dlink,. . . . .

3*q oft, ! Strict Low MH. St »i n e d ..

3

Low Mlddli
.... ’ tn oft. j Low Middling Staim !.... 1»9 oil.
Strict Good Ordinary’ ’."... 13.* o8.1
Oa this basis the prices for a few of the grades would be as
follows:
UPLANDS.

M on T u n

s n t.

Good O rdinary.. . . . . . . . . . . . . . .

8h
6 ,r,ll>
7%
7 D le

W e <1 T i l .

F r l.

6*i C
6 “^
7 :'iO
7
83ni

1=19
<’ b
63,9

6>*
613,3.
7*4

0^i o
7
7 Tii
7H
8*’ A

6 >4
0-5,«
IS
7 » i,

S a l.

’ I «>n T o n

W ed

T il.

F r l,

Good O r d i n a r y .,* ,........ . . . .
Low Middling ................. .
Middling............... ................. .
Good M iddling,.,
Middling F a i r . . . . . . . . . . . . . . . . . .

0ate
7*4
7 u i«
8
00|*>

«81
7*f«
7
7%
7*3ie 7it.„
8% " 8<*

67,^
7%
7
T ’n

«;*■<
/%
7%e

0%
7>I8
7«

a

8*3

STAINED,

S a t.

M o i» T n e » W e d

T il.

F r l.

Low M iddling,.. . . . . . . . . . . . . . . . .
M iddling-. . . . . . . . . . . . . . . . . . ____
Strict Middling . . . . . . . . . . . . . . . .
Good Middling T in g ed ., - ____

6>u
77,a
7 7 ,,

6
6 « l«
v f 18 7^-a
7%W 7%

Sf»»* ~ 5 U T
6 7g
24 J
2«
*12
f 5 n 7%

Middling......................... . . . . . .
Good M iddling. . . . . . . . . . . . . . . . .
Middling F air......... . . . ____.. .
GULF.

6

W ie
6"«
7 »w
761«

I^ 8

MARKET AND SALES.

The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
game days.
__ _____ _
SALES o r SPOT AND CONTRACT*
CLOSED.
Sat’dnjr .[Quiet at 1,9 dee.
Jfonilay (Quiet at i „ dee.
T n -t-iiiv S tea d y ...............
w ed’day.Qniot at 1,* dee,
Thiir*<l’yiQ ulet .................
Friday..(Steadj- at i,g d e .
T ota lJ ............................

Nr- [ Con- ( Spec- Con­
port. sump. nVCn tract. | Total.

Sales o f
Futures,

....
....

\
95
182
3,20*0 3,834
1,000 1,931
108|
**** 1,061)

90,200
136,300
104.200
155,400
172,100
132,200*

....

4,200; 7,211

790,400

95
182
631
931

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

200

109
861

200

2,311

riO O
05 ^ ®
s o ® c©

0 0 0 © ® ^
©OOOOOOOOOO' 0ooooM
com
■orf© ©© C
OCOcq
«
"
o V O 00 H c f
iNrjTTjr© oowfol'ocf’c-fl' cnh
00
co
<
#1h
H
C0 rH
■^•HCOr-t CMh
q q o o ^ © o © S © § ]•

N

H

CN

H

CONd

C

oooooooooo©

§■

0 0 0 0 0 0 coo
o o o O>0 o -n

.0 0 O O O O O O O O O O O
O O O O O O O O O O O
jjO ©
® .o c
COCOIff
f
HOC
■O H

.q o q w q .o q o q
XOf’
r—
. (Sl/f
r—
( CoXOOffl
HH C©H

rH-~4

m
r-1
r*'N
w

t> 2

® p

ia lfg S S B g g }

3 *3
+? +»

£

o

P3

W

fSssJsf
•isfeSisS
;
s 'c o

W

W
c -<

S5

3o0,300
7*09 a 7*52
Steady.

P

Friday, May d Sales, t o t a l...

fc -

Total Sales.

M onday, A pr. 30Sales, to ta l.......
I Prices paid (range)
Closing...........

m3 43
&
^ j Closing............... .
o g
‘re Thursday, M ay 3—
Sales, to ta l............
fu fl
O)
C losing..........
=> -a

C O O H

^©
•Op

O

5

.

j o

co00coin p®

» «
H 3

^
.^3 iOb
CO
-rr |> ©
f-i

(■-. TO

t>

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:S

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3^

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e
V

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d
(S r o g

o

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CO C<j
cf k J r
O ©CO (»

■
O P Qi Cm * O
I o o P P ;g

■3 ;

A

t-a’H

;

a
i ’g ’O
.0 » o o
. M h +3

~ £hn S- ©

1AO^
;

; • <s o

^

!i? » Q.

I la” i d

S

0

| |

. S

°

J, <D
®
S
o

0
^
S

p3 3

I s s ^ i

®

-m
O 05
“ CO g s
g ° L
o
o
d »

B

£3 ®2 o
) 2 ’m

o t

2 § WS

aS.g^^l « I I
a
9
HS ^© 3fritcO
.§ V^
p

d -O d fh ©
© H V
-H
o c i

2
JZ:

May.

June.

July.

7*09 d 7*17
7-09 - 7-10

—

Aver - 7*13
1,400
7 -110 7-16
7T 3
7-14
Aver

— is —

A y e r.. 6-98
4,000
6-92® 7-00
6-98
700

A
Unsettled. A.ver
•132,200
6*91$ 7 40 — 'B —
Easy,

2,300
6-910 7-01
6 -9 2 - 6 93

B O
J O
Closing..
< Ml
CD a
790,400
Total sales this week.
H P
ta o
H 3
o Sales since Sep.1,’ 93* 29,907.100 1 1,766,200
65

1
®

EH-a jaj T3

S

“IB IS

•1
^ ^ S g -g s
“

“

+* Pi OJCCQ

|
Is o
ss p

mV
co . T fe C <D , q ,
b £ o ‘ o 'r t
S 'A S C d A ^ §
0 ^ 0 5 , ^
A P p S O 3 o
MO
£ ^ £ C D rt'q. o . S o ©
fccajO
[ > p p O P , S t>>

A v e r .. 7*18 A v e r.. 7 2 4
14,600
24,000
2,000
— ■$> —
7*16 $ 7*20 7-20 a 7-30 7-26® 7-35
7
-2
7- 7
-2
2
7
-1
7
7-18
Nominal.

— @

g

nz*

£ -5

H

rn
O
o

^

© aH

'H H © S

4 ^ .0 T5

°

D A IL Y PRICES AND
April,

«

J -H0 -P H CD

< ;3 " S 2 g g « - ' 1
3 ^ g “ g | « g g

■’ t .g o S o ' d '3

r3 ' g

,pM

jbS? j>££;7! fe
A > | J J g jg

5
«h
c3 J
. : ! h |
.2 ^

a

t “ d.S

o
P4

Eufaula,
A l a b a m a .. .
Montgomery,
a
Helena,
A k k a n s a s ..
it
Little Eoclr,
Albany,
G e o r g ia ___
it
Athens,1
Atlanta
**
Augusta,
it
Columbus,
it
Macon,
ft
Rome,
Louisville, *t K e n tu c k y .
Shreveport, L ou isian a ..
Columbus,
Mis siss ip p i .
St
Q-reenville,t
Si
Meridian,
ft
Natchez,
*f
Vicksburg,
ft
Y azoo City.Jt
St. Louis,
Mis s o u r i .. .
Charlotte,
N. Ca r o l in a
it
Raleigh,
Cincinnati, Oh io ............
S. Ca r o l in a
it
Newberry,
Memphis,
T ennessee ,
**
Nashville,
Brenham,
Te x a s . . . . . .
it
Dallas,
Houston,

1-S
^<n Selma,
ir

^ 2

;3

• *W00 • *
: © - p o o •_;

—• <fp —

Firmer.
172,100
6*92 a 7 38
Easier.

O

4-5

‘ .2

7*05
1,500
7-00 6 7-08
6'96 - 6-98

Weak.
155,400
7 0 0 & 7*41
Lower,

©
©

o ’® 3 ^ ' d ' o j ' d

M
"§

Higher.
7*1 If? 7*55
Easier.

2

CO co CO

0 0 0300:
lO Iff 1-1 CM04 •OOO
CO f -C O H r- o
•O h
H
CO
O O O O O oco
O O O O O O N N -'® S lO O O ' P
O O O i O O 03© 00 2 -^ p ,?
co
© © c o i f f c f CO iff rfi® ^ 3
H03
CO © « > M
COr
03 H H

O O O 'O O n O
© © © © © «$
0 0 0 *> © a

TOWNS*

■ S ll. ll-§ l
r 1 -'-i 3 f i ^
|ssi5s

03

fS I

H

30 o

1

^

jO

Market,

Easy.
90,200
7*16 4 7*60
Lower.

Wednesday, May 2 -

0 0 0 0 0
0 0 0 0 0

O O O O O W lO
O C O 'O O H
O O O rtW N
or ' - f f ' O © ©
^ o © CO o

Movement to May 4, 1894Receipts.
Shvpm'ts Stock
This
Since
This
week. Sept. 1 /9 3 . week. May 4.

5 ® ®
p j- P
■Cm -H -H
JS 2 O
CO^CO
o
CO
h

^

ce ® *i555©i

Saturday, Apr. 28
Sales, total.........
Prices paid (range)
Closing...........

Tuesday, M ay 1—
Sales, t o ta l..........
Prices paid (range)
C losing..........
aJ

<0 00 C N »

05

I
!o |
3 !f}
o
; « 3{
^ © © A
g S S lI .g g '
2sh
I s o 'O S - d S
O
!‘ o '53*
^ £ **
f e D O - O 6 0 CD <0
s 733^ © * *-rn
ij) <SJ ©
p p , N .P
... >
Ed ____
Q g p p
,3 “ 3
2 ®
M 00 OQ
3 2
,5 00
^ a S - S o o 'P

Market, Sales and
1Vices o /1
FUTURES

Q

00

‘ © © Cu ' ‘
: « ~ * 2 i5 g a

.pcdcS^racBfricScj'P ■
o o0 oQ o©s©wC ^O iOiOy 1 i s s g i i
m 'oO <0
*2 p t/. R -3 .3
S3
mm mmmmmmmmmm
<3 sd

H ©C*tS-C*

04

O O O O 'O O e C
0 0 0 0 © c o ’d'
^ q o C M a
c i iO co o f o f o ’o f
f '. l " O C O O t > ©
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.
!

# 3

P

05

«.§
■£ A

^ o
■Vcf r-» 01 © © a. CO ®
C j a> h cc »o
•oj2
o ^
.0
0
vT m

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O O O O O O ©
© ID
rj< ‘O
CO COCOO O H t ■^H K C ^C O 0 X0
l^co
C*
H N
N
O O O O O OH
O O O O O OH
0 0 ^ * 0 0 O^tQfrtC'ijfll'V- 0 HCM
® H -^ O C O COO
CO H
«
rH<^

c * '# e *

O O © ' - ' 001^
0 0 0 0 -®
0 0 0 aqO 1
00
-* V n

■oioo^o ^ori^

0 0 ' O O O O O O O O O O O
^ 0 0
® o ® O O O O O* O O O O O p
vC c f t> o 'c o c f
a ® ® ‘ — ' iff CO s
0$ CN 05 H
H f1- r l O I
H

M .' -rj CJ ©j

;©
o
—
H

05

00 H H

lO
a>

^ M

OOOOHCOW
O O O O O - 'f f i
O O O f»O c q
.
i f ® V co c f
D COt> CO CO04
© 2*ff»
t - <N

■C O
N O O O O O O O O O O O O O
® '0 . 0 o _ j d o ^ o o < q © © ■©
5£<3St> •46 V © i> CO $£©•* •_ CO ©
' lO IN
CMH O CN
H (M H

oooco®^
o o o «© m
ooO'»oqcq
wacocorF©

*

August.
31,700
7-30® 7-39
7*32— 7*33

&: e
o

T otal, 31 to w n s ..........

SALES

19,308
15
129,902
170
63 67 L
100
34,008
3
68,893
52
34,159
27
65,4 34
75
124,963
582
179 021
603
64,246
134
60,182
65
58,790
55
5,832
100
75.711
406
25.299
20
29,285
7
32,036
150
65
35,967
50,195
253
48,113
25
54u.lv
6
5,797
19,431
420
26,896
341
203,482
5,211
23.146
187
10,976
103
472,305
2,807
285
35,467
75
43,623
168
43,829
2,812 1,031,243
21,174 3.655,539

movement iq ja.wy t>, i o » o .
Receipts. _ ■Sh,mm,.s
Stock
This
This
Since
Week. Sept. 1 /9 2 , week. Ma y 5.
20
30
50
105
258
31
25
109
291
59
10
45
44
170
66

11,166
213
300
256
4,476

35,183 170,936 1 13,351 3,282,557

34,445

1,857
3,527
3,362
753
5,664
3.371
4,500
2,277
13,775
4,653
2,064
2,750
6*00
5,717
706
650
994
2,365
5,281
7,200
44,800
50
1,550
2,534

85
53
5
50
2,126
87
311
2,707
260

297
37,^97
1,582
2,485
243
7.532,

2,191
23
18
46
3,776

October«

5,700
3,400
7*34® 7*41 7 -3 8 « 7*45
7*35— 7 36 7 - 3 8 - 7-39

November,

December.

1,500
6,800
— ® 7*48 7*48® 7*55
7 -4 3 - 7*44 7 -4 7 - 7-48

January.
500
7-57® 7-60
7 -5 3 - 7*65

February

-

9 —
— —

Asr«r»
20,100
44,800
1,700
23,900
7-14o 7-23 7-18 0 7-29 7*24 0 7*34 7-29® 7*37
7-18
7-19 7 -2 3 - 7-24 7-28 - 7*29 7 -3 1 - 7-32

5,0c 0
7*32® 7*39
7 -3 4 - 7-35

2,000
7-36® 7-43
7-38
7-39

26,600
54,200
7,000
7*07 a 7*16 7-12® 7*21 7*15 ^ 7*25
7 -0 8 - 7-09 7 * 1 2 - 7*13 7 -1 5 - 7-16

13,400
7*18© 7*28
7-18
7*19

4,200
8,400
7*25® 7-32 7*28® 7-36
7 - 2 3 - 7-25 7 *2 8 - 7-29

36,600
30,200
6-98 0 7-07 7 0 4 0 7-13
7
-0
9 - 7-10
7*04 - 7*06
15,500
6 98 0 7-08
6 -9 8 - —

5,000
5,300
77,900
7-08® 7-18 7*12 0 7-20 7*13 ® 7-22
7
*19
- 7-20
7-14 - 7*15 7 *1 7 - 7-18

1,100
4,200
7*42® 7-48 7-48® 7*55
7 *4 4 - 7*45 7-50
7-51

*
3,500 ______
7-34 » 7-41 — 9
7-33 - 7-35 — _

1,400
10,800
900
7*18 ® 7-27 7 '2 4 9 7*33 7*36® 7*38
7 * 2 4 - 7*25 7*29- 7-30 7-35
7-37

7 1 9 Avat*
7**22
Aver , 7*15 A v«r
31,800
5,6y0
1,700
13,900
54,900
5,400
7 -0 3 - 7-14 7*08® 7*20 7-12S 7-22 7*13® 7-25 7*18
7*24 7-23® 7-33
7*02® .7 -0 8 - 7-09 7 * 1 1 - 7-12 7*13- 7*14 7 *17 - 7*19 7 * 2 3 - —

“
— ® —
— — —

1,100
7*30® 7-40
7 -2 3 - 7-30

13.600
7-07

155,900
7-12

155,100
7-17

318.400
7-22

29,300
7-26

39,400
7-29

31,500
7-34

57,300
7-38

9,900
7-45

5,838,300

1,956,100

708,700

1,397,500

98,300

125,200

59,400

143,200

22,700

March.

— 9 —
— — “

—
—

— 9
— “

b f 'f l p t>v <P * g, +3

iio
.| g ^ 3 5
C8I ®
54,107•2. V
PV
C£r—
V © © CO ©
1 ,0 ; 6 :£.££>
3.374
216 a . 5 g o ® ^ S £' ’"
jp,.S r! d h3
8,267

■ s^S«.s

'3S5!

250.203

*In hi
© © © fr/
A A £ c3

s 3 ff g
®®

o a®
©A <d Zzi
m^m u
•“ t© o

Aver

— 9 —
“ — —

— 9 —
— — “

» s a|-c~
®■
w
g©o©®3H»
^ © ©■%© co
o aQ ' ‘ ^

rjrA C
TrA
•A-<*.
gn ©S3£
E
- e3 • v j
M
CQ
CQ ®s
© ^
3 ©

cJ^ t>-.£-1 bC A to 2i
£®«L-5jS:
d
a © g--3 ee p o3 CQ
© ©a - a
® o3^®

— @ —
— — —

— 9 —
_ _ _ _ _

...
mnm

—
-

h
o

d 4^ © ©

-3 ce-ocQ

— 9 _ _ _ _ _

— 9 —
— — —

.

f §s a§

A v e r. . --------

\vor
—
—

S C3 t» o

If-S'gS
^7
^ P I 'S
^ a oo
CP*"* ^ m ^ cQ

1.559
■© © ©
7 297
-? o
3,411
3,9< 0
■X *s» 4J
p
6 /5 3
■ oScd 2 ^
1,916
O co 0*i3 2
6,7<*(>
CO® 4 5 ^ .3
5,:- 98
Sm .
c3
20,999
.2
| 83 ©
Jj O
K. ”
M
7,439
_<£> © d tP ^ o
4,124
g
s
4,832
« A "d 8 ® © r4
915
p "d
E-2 2-d b
5,533
5^ ce^;
fl <Da g
2,137
1,347
5,3 f- 8
6,207 C
^ __ 4-J §
.p ©
-O tf
CO
12,069 40
© •L3 o ©
950
g
g g £ |
75,261 - ° 8 S S f 5§ l » § _ g
®©
CD.,
10I> C
D©
m -g >
1,050 © s S s “CO2 , cO
®
6,108 s -c fr© 4TOM ^

50
6,734
87
225
3 ,6 3 1
260

OF FUTURES FOR EACH MONTH.

September.

A v e r.. 7-17 Aver .. 7-22 Aver .. 7-27 A v e r .. 7-31 A v e r .. 7-33 Aver .. 7-37 A v e r.. 7-43 Aver .. 7-48 A ver..54,900
4,200
7,060
25,700
700
2,800
25,400
13,200
7 -1 3» 7 23 7-180 7-27 7*24 0 7-32 7*270 7-34 7*30® 7*37 7*35 9 7*41 7*40® 7-48 7-46® 7-52 — ® —
7 -1 5 - 7-16 7 -2 0 - 7-21 7 - 2 5 - 7-26 7 *2 9 - 7-30 7 - 3 1 - 7-32 7-35— 7*36 7 *4 1 - 7*42 7 -4 7 - 7-48 — — —

36,600
7 02 0 7-11
7*02 - 7-03

120
591
330
1,322
1,285
1*1
258
425
717
126
60
413
9
620
192
,mm.
57
401

19,737
103,118
61,107
31,028
33,892
29,563
36,403
100,946
156,718
58,541
51.511
54,974
7,204
61,084
19,260
29,036
22,035
34,158
48,*?61
33,863
444,343
18,825
21,707
163 901
26 24S
10,939
407,811
35,078
49,077
87,380
1,084,769

89
333
274
167
207
122
275
703
1,879
92
281
200
128
920
204
32
331
447
796
131
9,256
410
441
4,669
187
31
6,515
315
300
782
4,661

£

CO .05 -43 1
G2 ^ Cti

gOS'Va, M A 2 £

Efl «*- o
Z
jH W) M
> ® O

May 5, 1894]

THE CHRONICLE.

781

W eather R eports by T eleg raph .—Reports to us by tele­
(^DOTATIONS FOR MIDDLING COTTON .AT OTHER MARKETS.—
Below we give closing quotations of middling cotton at S o u t h ­ graph this evening denote that raid has fallen in many disern and ocher principal cotton markets foreich da? of th e w e e k . tiietsofth e South during the past week, and in most cases
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
has been of benefit. At some points, however, more particu­
Week ending
Mag i.
larly in the Atlantic States, moisture is needed. Planting has
Wednets. Thurs.
Sal nr.
Mon.
Tuts.
Fri.
made rapid progress and is generally drawing to an end. A
tnsle
6 7a
G alveston...
7>„
7
7
7
6>3lg
few of our correspondents state that early cotton is growing
New Orleans
7*»
Th,
7
6s
b 78
613,,
6 a16
615,8
Mobile . . . .
67s
6*“ 18
nicely and that the outlook is favorable.
7
Savannah
7%
7 ',S
6 « i,
7 ijs
b7S
Charles too
7
7
7
7S
7i«
7is
Galveston, Texas.—Vegetation is growing nicely. It has
7
7
7
7
7
Wilmington
7
rained on one d iy of the week, the rainfall reaching ninety7
Norfolk.......
7
678
7
6S
7i e
Boston ____
7t%
75,8
7%
739
7 5,a
one hundredths of an inch. Average thermom iter 74, high­
73s
7%
73ft
7%
7%
Baltimore
7s
71313
711,«
7
74
FMladelpala
7A
est 80 and lowest 67. April rainfall one inch and forty-two
The
615,.
A agnata. . . .
7
^
7
7
*
7
%
615,8®?
"H
hundredths.
Memphis . .
7
7h
7%
7%
7%
7%
St. L ou is. ...
7%
7q
7 ’-*
7%
7%
73t s
Palestine, Texas.—There has been hard rain on two
H-%
Houston ...
7
7
6 7s
7
7%
days of the past week, injuring crops, the rainf ill reaching
Cincinnati
7%
7*8
71 8
7bs
71*8
Louisville
7%
7%
7>
7*4
. 7%
71*
four inches and twenty-five hundredths. The thermometer
The closing quotations to-day (Friday) at ocher important has averagt d 74, the highest being 84 and the lowest 63, Dur­
Southern markets were as follows.
ing the month of April the rainfall reached five inches and
A tlanta............
6 -- i Little R»efc . . . 6^t (N ew b erry .........
ills
seventy-four bundiedths.
Colambui, G ».
6A j itontcnnoery... 6%
R aietsli.............
f-*s
7
Selma.................
6%
Columbus,Mias
i N ashville.........
Huntsville, Texas.—The week’s rainfall has been twenty
Ettfaula.........
B3* I N atchez............ fill*, 1 Shreveport.......
6>"ia
R e c e i p t s f r o m t h e P l a n t a t i o n s . — The following tabu hundredths of an inch, on two days. The thermometer has
indicates the actual movement each week from the plantations. averaged 80. ranging from 64 to 96. April rainfall two inches
The figures do not include overland receipts nor Southern and forty-five hundredths.
Dallas, Texas.—Crops are looking very well. We have had
consumption; they are simply a statement o f the w e e k ly
movement from the plantations o f that part of the crop which rain on three days of the week, tne rainfall reaching three
inches and seventy-two hundredths. The thermometer has
finally reaches the market through the oueports.
ranged from SO to 90, averaging 73. Rainfall for month of
W ttk
R t c t iV 't a t th e P o rta , 1st he a t I n t e r i o r T otoru .l R ac'pO f r o m P t n n f n e ,
April five inches and seventy-two hundredths.
San Antonio, Texas.—It has rained on three days of the
1SOL j i*fei. |isit. j 1804, | ISM. ■X$»«. |VBM. ! J0$m ] wm»
week to the extent of one inch and sixiy-four hundredths.
rnilinn
j*9| 45,
,1*4 ^O,*3I ,205,Sn!0; U.3»l 4 W n .103 Average thermometer 77, highest 93 and lowest 62. During
Jteh. SO.....
Ajtr. ..... 63.0-^ SI AM $4
.fi0i-355.2S7.-2tl'M%\ 41JM
655 the month of Ap.il the rainfall was two inches and fifty hun­
12,111 •MWm MB
** 13..... »i itsj 53,0 is| m '07 3it
15 §0! 17,344’ m.771 dredths.
* to..... 4$Mr> 42fM&f It,
Columbia, Texas.—W e have had one heavy rain the past
** m..... • M *8 IS Hi’ ««.sm miM%23**J87 mMm 30.5X2! is,eo5
jMb' si ms fit*,018f S#2»i3 170§30 H mm §M4 s *SU week, the rainfall reaching five inches and ten hundredths.
Mar 1 . ...
Tne thermometer has avenged 75, the highest being 83 and
The ab-:>ve statement 3 lows: 1.—That the to tal receipts fr<jm the lowest 02. April rainfall only a trace,
the plantM o m B
m%* ’ in 1893 are 5,81,1,01*3 twd.^!*■ in
Cuero, Texas —The w eek’s rainfall has been seventeen hun­
1893-93 were 4-fSSl ».") baleu; in 1891-22 were
14 bal SS
dredths of an inch, on threed.iys. The thermom-ter has av­
2.—That t ilt h >u_*h the receipts at the outporta the past week eraged 73. ranging from 06 to 90. Rainfall dating April one
were 38.323 bales the nt tual movement from plantation!* vi as inch and .-;x y nine hundredths.
21814 bale*, the b&iaisce tw. mg taken from the slocfa at
Luting, Tex >«.—Telegram not received.
the internjr towns* Last year the receipt# frorn the plants tic ns ” B realm m, T e x as.—It has rained on two days o f the week,
e|
for the week were 9 SI4. sales and for 1892 they
the precipitation teaching eighty-seven hundredths o f an
31,976 bat
inch. Average thermometer 76. highest 88, lowest 61. April
—
H
ot
EM
EST
the
W
eek
and
i
Ovrrl .
FOR
rainfall four inches and ten hundredths.
HRtea Sbft
W© rive fo*1 fw n $
mt si owinx Ih^* a w riaad m ■-ive in* n%
Billon, Texas,—Cot'on i-t up and some is bung worked.
for the w
iptenctber l. As the r^tartis r«ac h m The crop is d-dog fairly well and planting is neatly completed.
by telegraph late Friday night it is impossible to enter so j There has be»n min on two days o f the past week, the rainfall
large!;, into detail as in our regular monthly report, but all being two inches and nioeiv-six hundredths. The ther­
the principal matters of interest are given,
This weekly mometer has averaged 70. the highest being 93 and the lowest
zpublication t. of course supplementary to the more e*tef»d**d 62 April rainfall seven inches and forty-four hundredths.
Fort Worth. Texas.—We have had rain on three days of the
monthly (statements. The results for the week ending May 4
and since Sept, i in the last two year* are as follow*;
week, the precipitation being two inches and eight hun­
dredths. The thermometer has averaged 70, ranging from
18S 3-94,
1892-93.
53 to 88. During the month of April the rainfall reached
May 4,
two inches and sixty-two hundredths.
Sines
Sinet
Week. Sept. 1,
Wet*. Sept. 1.
Weatherford, Texas,—Early cotton is coming up. W e have
had ruin <n ihree days of the past week, the raiufall reaching
mtnneprryt*
V l» 8L lyOOU ...... . . . . __ . . . . . . .
6,734 416.384 forty-four hundredths of an inch. The thermometer has
314.P21
VU Cairo ......................................
3,70«i 144.550 ranged from 50 to 86. averaging 68. Rainfall for the month
1.71 t 220 3. *7
Via H m nnlbai..,. ....... .......... .
34?
138.027 one inch and seventy-one hundredths.
......
13.703
Via EyaasrlU e....... ......... .........
13,905
77
7.2(1 i
9
A’ew Orleans, Ixntixiana.—We have had rain on two days of
V l» L ool»v tll»...............................
3.8:15 106,449
924 10-.278
V iaC lnoln nati__ _ _________
64.277 the week, the rainfall reaching ninety-one hundredths o f an
1 ,t<7 4
99,023
Via other roatee,
...........
2,24?
119.562
1,312 149.633 inch. Average thermometer 75.
Shreveport, Louisiana.— We have had a precipitation the
Total grros• over!an d. - ............ 10,203 1,000,831 11,031 1.101,114
I M miI ehipm rnlApast week of sixteen hundredths o f an inch, on t-vodays.
0?er!an«i to S .Y ., Boston, A c..
4,1 f 2 271,404
5,527 251 7*7 The thermometer has averaged 71, the highest being 89 and
Between interior t o w n * ............
21,504
IS
37
21 4-7
During the month of April the rainfall
j Inland, A o.,from Booth . . . . . . . .
01,166 the lowi-Bt 60.
3.922
03.157
1.742
reached four inches and three hundredths.
Total to b « d edacted............ .
Columbus, Mississippi.—Rain is needed to bring up late
6,910 880,210
7.306 334 395
plantings. Toe weatner is now fair and warm. S ands are
I: Ijew rin gtotal net overland*.. 11,763 601.612
7.645 7f 6.719
very gen'd in prairie lands, Rain has fallen on one day of
•Inoladlo* m oveisvnl t>r rail tc Canada.
the week, the precipitation reaching nine hundredths of an
The foregoing shows that the week’s net overland movement ! inch. The thermomeU r has avi r ig**d 6 i, rangmg from 48 to
his year hag been 11,263 bales, against 7.61 j bales for the 90. April rainfall four inches and five hundredths.
v eek in 1893. and that for the season to date the aggregate net
Ldawl. Mississippi.—Dry weather has prevailed all the
wetland exhibits a decrease from a rear ago of 7>.107 bales.
week. The thermometer has ranged from 53 to 81, averag­
ing 71 *9. April rainfall four inches and sixty-two hun­
j
189 3-04,
189■2 93.
I n Sight and Spinner4*
dredths.
Taking*.
Since
Bine*
Meridian. Mississippi.—Telegram not received.
| Week. | Sept. X.
Wttk. sept. l .
Little Rock, Arkansas—Vie have had rain on two days of
Iaee!p>» at p o rt, u> May 4 .......... , 3S.921 5,720.2*2: 3 0 .968;4.791 3=6 the week, on one of which h e a v y , to the extent of two inches
Cetoverland to May 4. ..
11.3631 *'.••1.612
7 ,« i5 ; 7* 6 .7 .» and thirty-six hundredth*. The thermometer has averaged
ontJierr. oo&eacupition to May 4.] 12,000! 555,000 12,000 540,000 74. the highest being 87 and the lowest 61.
Helena. Arkansas.—Moisture is needed in some localities,
8B.ii 50,613 6,00 3,105
H I / 8*
sterlo? s'tocltii In e x c e e a ..... . . . . j1*14.00*1
04,770] * 21,09 i l i 0.5 69 although there have been good rains in the neighborhood.
O ops are coming on welb Locally it has rained v--ry lightly
Oame into »tght during week 1 48,077j
20.519^
Total in sight May 4 ............... j
7,0 61,6 21
. . . . . . .6,228,074 on thr-e Java, the precipitation reaching «“ ven hundredths of
an inch. The th- run -meter his averaged 74. ranging from 63
'OftlFiiBptfmnr* fak'irs to
4^
1.303,814
1,541 335 to 87. April rainfall reached seven inches and ninety-two
’ Decrease (luring week.
hund'edths, on eight davs.
Memphis. Tennessee.—The weather has been favorable for
I I w ill ’1m fMSffs b y th e mhon ? th a t th e r e h a s n* m e in to sie h t
Riin fell
wring; the w e e k 4%.Of# bi.h M, a g a in s t £9 51 0 bales! fo r tha farm work a- d plaining is making rapid progress.
ame w eek o f lh98, a n d th at th e increa-so in i hi u n t m sig h t on Tuesday night to the extent of fif y-two hundredtns o f an
inch. The thermometer has ranged from 53'1 to 83 9, averag>mght as c o m p a r e d w it h last y e a r is 8 8 J ,9 j0 h i #f».

THE CHRONICLE.

May 3, ’94.

May 4, ’ 93.

Feet.
13*7
15-2
5-0
18-8
34-6

Feet.
12*8
334
13-2
150
43*0

New Orleans___
Memphis............ ___Above low-water mark.
Nashville............
Shreveport........
Vicksburg......... ___Above low-water mark.

I ndia Uotton Movement

from a ll

P orts ,—The receip s

and s npments of cotton at Bombay have been as follows fcr
the ween and year, bringing the figures down to May 3.
BOMBAT RECEIPTS AND SHIPMENTS FOR FOUR Y E A R S .

Shipments this week,.

Shipments since Sept. 1.

Jtar Great Conti­
Great
BriVn. nent. Total. Britain
oooo
oooo
oooo
TjTciViO
o lOrjt

’ 93-4 1,000 43.000
’ 92-3 2,000 70.000
’ 91-2
58.000
90-1 2,000 43.000

41.000
30.000
41.000
73.000

Conti­
nent.
544.000
523.000
492.000
647.000

Receipts.

Total.

This
Week.

Since
Sept. 1.

585.000
553.000
533.000
720.000

61.000
72.000
71.000
66.000

1.326.000
1.173.000
1.155.000
1.560.000

According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts ol
8,000 bales and a decrease in shipments of 23,000 bales, and
the shipments since Sept. 1 show an increase of 32,000 bales.
The movement at Calcutta, Madras, and other India ports t i
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin. Kurrachee and Coconada.
Shipments for the week.
Great
Britain.
Calcutta—
1893-94...
1892-93...
Madras­
es, 1893-94...
1892-93...
All others—
1893 9 4...
1892-93...
Total all—
1893-94...
1892-93...

.........

.........

Conti­
nent.
2,000

Total.
2,000

Shipments since Sept, 1.
Great
Britain.

Continent.

15.000
9,000

40.000
23.000

55.000
37.000

23.000
10,000

17.000
6.000

40.000
16.000

Total.

3,000

3,000

24.000
21.000

45.000
28.000

69.000
49.000

5,000

5,000

62,000
40.000

102,000
62.000

164.000
102.000

The above totals for the week show that the movement from
the ports other than Bombay is 5,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1893, and for the corresponding
periods of the two previous years, are as follows:

EXPORTS TO EUROPE FROM ALL IND IA.

1892-93.

1893-94.

1891-92

Shipments
*o all Europe
from—

This
week.

Since
Sept. 1.

This
week.

Sinct
Sept. 1.

This
week.

Since
Sept. 1.

Bombay...........
411 other ports.

44,000
5,000

585.000
164.000

72,000
........

553.000
102.000

53,000
4,000

533.000
135.000

Total..........

49,000

749.0001 72,000

655,000

62,000

668.000

A l e x a n d r ia R eceipts a n d S h ip m e n t s .—Through

arrange­
ments we have made with Messrs. Davies, Benachi & Ca,, of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
we the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria. Egypt,
May 2
Receipts (oantars*). . . .
This w eek....
SInoe Sept. 1 .

1893-94.

i

1892-93.

27.000
4,733,000

1

10,000
5,102.000

1891-92
6,000
4,006,000

1

Total Europe......... 11,000 527.0
* A can tar is 98 pounds.

j
1
co
oo
oo

3.000291.000 5.000
8.000
236,000
8.000

2,000 L309.000
9,000,219.000

1

Exports (bales)—
To Liverpool............
To Continent............

i

1

This ! Since
This
Since I This 1 Since
week. Sept. 1.1 week. Sept. 1.1 meek. jSepI. 1.
1

ing 75'3. During the month of April the rainfall reached
•eight inches and forty-five hundredths, on nine days.
“ *Nashville. Tennessee.—Telegram not received.
Mobile, Alabama.—Crop reports are very favorable. Plant­
ing is about completed and good stands have been secured in
many sections. Dry weather has prevailed all the week. The
thermometer has averaged 73, the highest being 82 and the
lowest 00, Rainfall for April two inches and nine hundredths.
Montgomery, Alabama.—The weather has been favorable
during the week and no rain has fallen. The thermometer
has averaged 75, ranging from 64 to 85. April rainfall three
inches and forty-nine hundredths.
Selma, Alabama.—Chopping-out will begin regularly next
week in some sections. Rain is required to bring cotton to a
full stand. We have had only a trace of rain on one day of
the past week. The thermometer has ranged from 59 to 87,
averaging 73.
Madison, Florida.—Stands o f cotton are stated to be gen­
erally poor. There has been no rain all the week. Average
thermometer 73, highest 85, lowest 54.
Columbus, Georgia.—The weather has been dry all the
week. The thermometer has averaged 74, the highest being
84 and the lowest 59.
Savannah, Georgia.—Rain has fallen on one day of the
week, to the extent of one hundredth of an inch. The ther­
mometer has averaged 70, ranging from 55 to 87. During the
month of April the rainfall reached sixty-four hundredths of
an inch.
Augusta, Georgia.—The weather has been pleasant during
the week, with light rain on two days to the extent of two
hundredths of an inch. The condition of the crop is favor­
able. Good stands have been obtained and planters are busy
chopping-out. The thermometer has ranged from 62 to 91,
averaging 71. April rainfall two inches and seventeen hun­
dredths on nine days.
Charleston, South Carolina.—There has been rain on two
days during the week, the rainfall being four hundredths of
an inch. Average thermometer 69, highest 86 and lowest 58.
During the month of April the rainfall reached fifty-three
hundredths of an inch, on nine days.
Stateburg, South Carolina.—Rain is greatly needed gener­
ally, though in limited sections it ha3 fallen copiously. There
has been light rain on one day of the past week, the rainfall
reaching one hundredth of an inch. The thermometer has
averaged 68'6, the highest being 86 and the lowest 52. Dur­
ing the month of April the rainfall reached one inch and
forty-two hundredths, on eight days.
Wilson, North Carolina.—The weather has been too dry
for cotton to come up. It has rained on one day of the week,
the precipitation reaching eight hundredths of an inch. The
thermometer has averaged 72, ranging from 43 to 88.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock May 3, 1894, and May 4, 1893.

[V ol . LVII1,

1 O K )
C i-J
1 U P U

782

13,000 542,000 11,000 528 000

>

This statement shows that the receipts for the week ending
May 2 were 27,000 cantars and the shipments to all Europe
ll,u00 bales.
M anchester M a rk et . —Our report received by cable to-night
from Manchester states that the market is easy for both yarns
and sheetings. Merchants are buying very sparingly. We
give the prices for to-day below and leave those for previous
weeks of this and last year for comparison:
1894.
3 2i Oop.
Twilt.
Mh 30
Apr. 6
“ 13
“ 20
“ 27
May 4

d.
6 "16
64
6^8
64
6316
6

d.
® 74
®74
® 7*8
®74
® 678

1893.
Oott’n
Mid. 32* Oop.
Twist.
TJplds

8 4 lbs.
Shirtings.
e. d. b. d.
5 3 ®7 1 4
5 2
l»a
5 14® 7 1
5 1 4 37 1
4114«7 0
4 1 0 4 ® 6 11

d.
d.
4S16 SH
7%
4316
TM
44
733
44
4 i16 724
3iolft 7

8H Lbs.
Shirtings.

a.

a. 6.
8.
5 104® 7
5 94® 7
5 84® 7
5 8 'HI
5 7 ®7
®7^8 5 6 ®7
® 878
*83s
®S14
asq

d.
6
6
5
44
34
2

Colt’*
Mid.
TJpldi

a.
4%
i i4i 6
4
4T16

Sea I sland C otton Movement .— We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (May 4) and since
Sept. 1, 1893, the stocks to-night, and the same items for the
corresponding periods of 1892-93, are as follows.
1893-94.
Receipts to May 4.

1892-93.

Stock.

This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1894.

Savannah..........................

57 54,071
2,208
3,511

Florida, &c........................

75

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

132

59,790

1393.

81

35,294
5,937
3,775

1,974
449
1,025

3,827
596
925

81

45,006

3,448

5,348

The exports for the week ending this evening reach a total
of 676 bales, of which 522 bales were to Great Britain, 54 to
France and 100 to St. Petersburg, and the amount forwarded to
Northern mills has been 272 bales. Below are the exports for
the week and since September 1 in 1893-94 and 1892-93.
Exports
+'rom—
Savannah...
ChaiTt'n.&c
Florida, 6cc.
New York..
Boston........
Baltimore..

Week Ending May 4.

Since Sept. 1, 1893.

Great Fr'nce
Great Fr'ncc
Total. BriVn. d-c.
Total.
BriVn. <£c.
100
52
470

54
.........

Total........

522

154

Tot. 1892-93

65 s

50

100 22,932
386
125!
106 3,416
470 4,987
.........
72:

2,126 25,058
17
403
125
.........
2,069 5,485
......... 4,987
72
.........

Xorth'n Mills.
TT, ,
Since
Week. sepLl.
196 17,661
1 1,227
75 3,081
____
......... ........

676 31,918 j 4,212 36,130

272 21,97)1

705 17,620

214 22,291

1,656 19,276

A considerable portion of the Sea Island cotton shipped t<
foreign ports goes via New York, and some small amounts vii
Boston and Baltimore. Instead of including this cotton foi
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it wbei
actually exported from New York, &e. The details of thi
shipments of Sea Island cotton for the week will be founi
under the head “ Shipping News,” on a subsequent page.
Quotations May 4 at Savannah, for Floridas, common
13c.; medium fine, !5J^c.; choice, 17)^c.
Charleston, Carolinas, medium fine, 20 to 23c.; fine, 25 t
30c.; extra fine, 30 to 40c., all nominal.
J ute B utt , B agging , & c.—The market for jute baggin
has been without features for special comment during th
week under review, but prices have ruled steady at 5^ c. for 1?:
lbs'., 5“gc. for 2 lbs. and 6J£c. for standard grades in a jobbin
way. Car-load lots of standard brands continue at 5c. for l 3 J
lbs., 5}.£c. for 2 lbs. and 0c. for
lbs. f. o. b. at New York
Jute butts continue quiet at lfgC. lor paper grades and 2>,(c
1for bagging quality.

M o v e m e n t , & e., t o M a y

Overland

colu m n s t o d a y w ill be

fou n d

1.— In ou r editorial

ou r regu la r

statem ent

of

overla n d m ov em en t, receipts, exp orts, spinners- takings, &c.
b ro u g h t d o w n t o M ay 1.
D o m e s t ic E x p o r t s o p C o t t o n M a n u f a c t u r e s . — T hrough
th e cou rtesy o f Mr. W . G. F ord , C hief o f the Bureau o f

Statistics, w e h av e received this w eek a statem ent s h ow in g the
exports o f dom estic cotton m anufactures for M arch and for
th e n ine m onths en ded M eh. 31. 1894, w ith like figures for the
corresponding periods o f the previous year, and g iv e them
b e lo w ;
QuantiUes o f Manufactures o f Cot- Month ending Mch. 31. 0 mos. ending McX 31.
ton |co lo r s and unentered)
i ----------------------------exported to—

£884.

m s is

United Kingdom. . . . . . . . . . . . . .yards
Other e o n s tries" in Europe' ...
Brttiab NoriJi A m srlca.. . . . . .

“

18.785

j

** I 1.7-5.731

Mexico.... ........ ..................** l
Om tm l American State# and
Britlah M&a&mxm—......... “ j

S87.:-25

498.575
82.061

9,000

om m

l,lt>4rU9

Other West in d ie s ...........

Argentine RepsMie.
Brazil ................... ..............
United State* of CelexabUi..
h e r c &m i U l msin
V.

58.744

’«
1k«51.885

8. A meric

Pmmm-BMIn AnmmtmiM

5I0.CA0

British India and East Indie*
Other m m tr lm is A ria and

m taft
2,1*»,£01
1.1S1.CW

Oeenitiaa......— ...............

A frica........... .

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

O ther coa n trtes ....... ................

Total yards o f above.......
Total valaes o f a b o v e .. . . . . . .

Valae per yard........ .
M

788

THE CHRONICLE.

May 5, 1894,]

18&L
1893.
7,512,453 tuo3,mi
1,063,318 n7,4»a
47,36527.010
1G0SW3 15.m*3..o35 *,*38359
488, St 1 3,781,379 2.saa.i87
5^5,451 4,8*6,039
mjm
v132,150
m
6.413
82.7 N 8.71s,IOC 1.882,400

1883.

888,747

»

M80.330
537.SS3
2.273.8^
1-32.770
1.472,861
a.314,4^
0,346

14,5 06 ,»*3

.......

ro6i«

o f other Manufactures m
(fatten, exported to—
United K i n g d o m . . . . . . . . .

3,002.330

118.294

3 ^ »| »

ism .«7
r«5i

7.849.540
8.770,533

l^m8tlA07,M9>874
I S . * 12. 43b 1 0 .729.738

r«532

I'* 823

wm

m jm
mjoa*
«ss
hjm

m o s t .........
..................
Other cons trie# in Enron*.. . . . . .
Britlsb North Am erica..........

Mexico....... .... ...... ..... .......

Central Americas State* A British
H o a d ia * .. . . . . . . . . . . . . . . . . . . . . . . . . I
Fesato Rse<»
I *^
Santo D om ingo.................................:
Other Wear, indie#.. . . . . . . . . . . . . . . .

Argentine R« pabite...................... {
fjwiail.... ...
.... ........f
United State* o f ChiomMm- . . . . . . . .
Other cooatrtee la m , Aoseriea..., ;
British pem m stom In Asatraiasta
Other ecmntrtee is Asia and:

Oeeanlca.............,*♦;*„*
Other conn trie*.......

A fr ic a ......

'

\

fe t a l rain# o f other man a fattares o f . -------

Aggregate vattie of all eottoo rood# |

TB5
1.0*8
2.371

119.702
14A14

3 ^
*JBW
1.070.
4061
MOT
7*7
8,3*2
8*753

0.37S

Mjffi

1285 mim j® r
pjm:
m ssd
840,417.

m i#
80.W
44,108
6.790'

4,112

16,678
2,079
OhM

818
$230 817

4.420

MS

50,107

57, i»4

5.351
5.633
43,740
*7.805
8'-'.035
28,770
38.473

47.06U
m sM
mjm
*7.230;

4,847

«U»*

80 300

2M.4S0

10 6*1

3.431

mk
UMSf

8100 974

bsumhk

4aiw

mtj®*
ojm
xmin

ISO,*04

*2.021.445

18,688
8 488

$ 2 .6 " 5 8 17

tLIBM!< 1 * 1 0 . laiosjss

S h i p p i n g N e w s . — T h e e x p o r t s o f c o t t o n f r o m t h e U n it e d
States th e p a s t w e e k , a s p e r la te s t m a il r e tu r n s , h a v e r e a c h e d

68,399 ba les.

S o f a r as t h e S o u t h e r n p o r t s a r e c o n c e m e c l, t h e s e

are th e s a m e e x p o r t s r e p o r t e d b y te le g r a p h a n d p u b lis h e d in
th e C h r o n i c l e la st F r id a y .
W it h r e g a r d t o N e w Y o r k w e
in c lu d e t h e m a n ife s ts o f a ll v e sse ls c le a r e d u p t o T h u r s d a y .
Total bales.
He w Y o rk —To Liverpool, per steamers Arizona, 2,227.......
Batoum. 6 * 6 ___B o r ic, 4 ,4 3 6 ___ Cnlie, 2,216 upland and
52 Sea Island
Etruria, 150................................................... 9.727
To Hull, per steam er Colorado, 2 .8 3 1 ......................................
2,831
To London, per steamer A leeto, 2 0 0 .............................-............
200
To Leith, per steamer Benvenne, 850.........................................
850
To Havre, per steamer La Tonralne, 224 upland and 54 Sea
Island ..................... ....................................................................
278
To Bremen, per steamer Witteklnd, 6 0 0 ...................... ............
600
To I n ' werp, per steamer W esternland, 353.............................
353
To G otten burst, per steamer Gothia, 600................... ..............
600
To Genoa, per steamer Werra, 1,4 00.......................................... 1,400
S ew O rleans —T o Bremen, per steamer European, 4 ,7 2 6 ........
4,726
To Hamburg, per steamer Duke o f York, 1,291...................... 1,291
To Barcelona, per steamers Catadina, 2,487___ j . Jovcr
Serra, 4 *7 — Juan Forgaa, 8,272
...................................... 11(206
G alveston —To L iverpool, per steamer Maria, 5,802................... 5,802
V eia sco - T o Hamburg, per steamer Parkgate, ICO....................
100
3,9*9
Sa Vawstah—T o Bremen, per steamer lVastwater, 3,949........... .
To St. Petersburg, per steamer I’anoarvlUe, 6 ,1 0 0 ........ ........
6,100
Charleston —To Barcelona, per barks Marla Luisa, 530___
Rafael. 1,100..................................
1,630
P o s t Ro y a l - T o Liverpool, per steamer M exican, 5.02R ......... 5,026
Norfolk —To Liverpool, p e r steamers Jamaican, 3 ,5 2 *.......
Satornina. 3, *1 _ .................................
6,595
■ iv
■
- ■
f *> ..................................
600
Boston —To Liverpool, per steamers Bothnia, *50 upland and
Michigan, 118 up­
336 Sea [stand___Columbian, 503
land and 166 Sea H a n d ...O ttom an, 5 9 2 ............................. 2,165
Baltih orb —To Havre, per steamer Kkio, * 9 * ..............................
*94
Ph ila d e l p h ia —To Hamburg, per steamer Caseins, 100..............
100
To Antwerp, per steamer Switzerland, 1,806........................... 1,806
T o ta l........................

68,339

T h e p a r tic u la r s o f th e se s h ip m e n t s , a r r a n g e d in o u r
fo r m , a r e a s f o l l o w s :
Hull,
OolhenTgmdmt
Bremen
burg of BarceLtimr* and
d? Ham­
St. Iona .£
Leith. Havre. burg. werp. Peltrsb.Oenoa.
600
Sew York. 9^727 3,881
353
600 1,400
278
S, Orleans.
6,017 ...................... 11.206

Galvr,ton..
Velasco. ..
Savannah..
Charb »ton.
Fort Royal
Norfolk,...
Horton. ...
Baltimore..
PhlladeTa,,

5,802

_____„
, ,m _____
5,016 .T-NW
e,*65 *___ ^
2,165 - n-rn«*
__...mm
494
...... ...... ......

Total — 29,285 3,881

no
3,9*9

Total.
16 839
17,223
5,802
100

1,630

ooo
100

usu 1

1,806

10,019
1,630
5,028
7.165
2.165
*94
1,906

772 11,366

B elow w e a dd the clearan ces this
cotton fr o m U n ited States ports, b rin gin g ou r data dow n
th e latest dates:

o

A l a b a m a A g r i c u l t u r a l R e p o r t . — Our correspondent at O alvkvt- n - T o Liverpool - Stay 3—Steamer Carolina, 3,7*1.
rleans '—To Liverpool April 28 Steamer Ooata Rtoan, 5,531
Montgomery, Alabama, telegraphs us that the report of the New O
M->y l SI* liner Martha. 261 ...M a y * Steamer Vesto, 6,100.
To Havre-May l Steamer Colonla. *.,073,
Agricultural Bureau of Alabama issued to-day s h o w s th a t
To Barix-iona -A n r ll SO Strainer Ocean Prince, 850.
c o m p a r e d with last year the takings o f commercial fertilizers
To Malaga- April 30 steam er Ocean Prince, 3,000.
S
avannah
—To Bremen May 3 Steamer BeeduteDA. 2,177.
.record a decrease of 4,458 tons,
To » t Petereburgr-May 1 Bark Etra, 3,400 upland and 100 Sea
Island.
The following evelmngeifchave been made during the week;
TO p*L t0 # x 4 k *9 .'lO Q fn »to t Aug, |*en gwt. to exofs. 2 0 0 Au«. for O cl*
•061>4» to e x o b . i o o Aug. far Of*, j "13 pd. to e tch . I.OOO J 'n * fo r Sept,
•03 p d . t o e t c h . SOO M I f t o r |I1U" j •-’>> (Hi, to e i - 'A 200 Mstf fo r ftept.
•05 (» l. t o e t c h . 8 0 0 . t o l l f o r A n * .
17 (ft . to e tch . .100 M *jr for An*,
•05 pd to aabb . 200 Jtiae tor Jrtfy, ‘69 pd, to e x o b . 500 Aur. fo r Oel.
•11 ( 4 t o M e l t , S< »> A t m t o r A u g .
*05 p d , to M . t o o J a y for a tot.
•IS pd, to «*etu 700 A uk. for B ee, *2t a t , to o x «b . 3 1)»* M.»y fo r Ssjft
•07 po. to e t c h . *00 Ang, fo r Out.
•*>« p d to «x ch . 500 Aiur. fo r OeA
•26 pd. to e t c h . io o June tor Dae.
-OS p<L to e x o b . 1,300 July for Anif.
O e o b o i a A o e i c p a t c h a l R k p o b t f o b M a y L — C o m m is s io n e r
K e a b it i* » o ,d o n T h u n w lay hia flr »t m o n t h ly c r o p r**|jort o f
th e sea son a# fo l l o w # :
cotton aersagB fur th u year b u tmea rrtlttrotl w ith * corrrs:pontHn« lHer«»««* Sh th#.
o f w h «»t ami m m . Tl»n cotton urop
will tw frmn ton o> ftftrea d a y , late and the eeitom! eoadttlna o f tinWWW i» not m good, w taparw l with the M m r to n - t**t ye tr, ow lne to
to# frrrxr o f Harch last. Thorn I, the pro,pnot fo r a trie*I orop o f
whoaA Tho r a m acre*##, nomparod with last y e a r Is 103 par cent;
conn ntop and prospect o f iho crop com pared to an aroraro o f rive
oarn,
(for cent Oato,
to »c r «a x « compared with laat year,

f (JOper erst

Cotton acr-aire oomparnd to laat year,

03 per

form]tieu* a a l prospaetA, compared Eo five years, y 1 per cent.
E a s t Li d i * C r o p . — T h e fo llo w in g ; is fr o m

& Co.'s report dated Bombay. March 30 :

M essrs,

rent,

L yon

To B trccion a-A p rll 3 0 —Htratoer City o f Gloucester, 3,393.......
M»v l Steamer Blta. 5,525,

To 8 «a o » -A o rll 30 -Steamer City of Gloucester, 1,850.

Brunsw ick - T o B-.-mea

May l

Steamer G R. Booth, 3,750.

To Hamblin: M»y 1 Btoamar Henrietta H „ 2,050
Charleston—Tn Bremen—May 2 Steamer Glentuorven, 7,750.

To Norrkopioit - April 27 Brie Fortunata, 1,250.
Port itor.u . To Liverpool April 3 0 —Steamer Monksoaton, 4,874.
WtLKisoroN—To Bremen Mav 2—Steamer Torgorm, 5.2*0.
Sgwt-ocT N e ws —T o Liverpool—May 2-—Steamer Rappahannock, 1,06*.
Boston - T o Liverpool - April 2 7 - Steamer* Catalonia. 803 upland and
470 Sea Island: Pan-atiae, 239— April 3 0 -S team er Sagamore,
1*3.
B a l t o io k k - To Liverpool—April 2 5—“ iseamer Scdgemore. 696.
To Bremen April 25—Steamer Ueva. 3 ,6 8 3 ___May 2 —Steamer
1,513
To A n tw erp- April 2 3 -8 te a m cr Handel, 239.
PlULADKU'HlA -T(.< Li verpo* 1- May 1 Steamer Ohio, 104.
To Antwerp—May 1—Steamer Penruylvanla, 150.

Cotton freigh ts the past w eek have been as follow s:
1 8atur.

Hon.

Tuts.

WidfU,. TAu rt.

F ri.

Liverpool, Ktcam.d
7 ,,
■u
7f i
781
'f t
» K - 'h m
Do
..........d..............
—
....
....
....
....
Havre, etcam .. d.
25*
2 1 425* 21 425* 21U*25* 215*25* 2X®25*
Dc
later.......d ..............
....
....
....
....
....
Bremen, steam .d.
30f
301
301
301
301
30t
Do
la te r ... d.............
....
....
...
....
Hamburg, eteamtf. 9« t a « j j
*«4
S84
9f4
Do
later..d.............
....
....
....
....
....
Ama’dam, *team.c.
25*
25t
251
251
25t
251
Do
later..r.
....
....
....
...
Rcval, etoam ...d . 3ig » * % i
3 «»IS
ha
•he

Crop estimates h ir e haoa re"incn»iooniM crsbly (Eornparo,! with those
Wmrent etutfy in tits ratoes. The w eather has haatt m ore o r lees
hmovnrtoR- fhr>>u,hoof the tththeroo# dirtHcto. aad eom plalhto o f
dernawintt reeeipts am! poor quality are almost un irerm l Broach
crop 'w <]Ohn|s .how hfEsisjosof Im proslo*. .,u«l even ib* small estimates
WMch we htetlttoaed in orsr last cirenlar are now helne further
to ittc e l, , o t lOO.fKKi halos is loohed upon by many » ,
very full
eatlmate now Itain fell last week In one or two districts, and <n>
..;**** t M » y lMd' heatry tS o w e fa ia SttHlMy, auwt exoopU oeal at this
Mmc o f the year. The weather at prcsc.it Is meet uoacUlcd and
further rota is a»tb"isated, anil It I* sjult© possible harm may be done
*
....
""
*5,.***» n&oltoro A l*t«cts. Onr crops are, gcoerally eoeaM sit, early B lona, d ire c t..,d .j
SMs year. And reec.lpt# into P. ■Illnay iwmseijiieiitiy rom p*re very favor- Senoa, steam
391
391
391
391
39!
391
a o if wltit lass -rear, and it a » y be » t » o time before any marked
Trlesto. via Ifuil.d.
73,
732
~r*
732
7sa
7n
falling o ff will tw* aottend. tia, though the Dhollera crop i<'dooidedly
7m
smullcr than last y ear,receip t* at preseat ate well abend, and are Antwerp,steam .d.
7s<
7S*
7«<
7»*
itseiy to rent tune ■;,* for some orue ow tnr ro tlie crop birine an early
* Cento per 100 Urn. and primage,
t Cents net per 100 lbs.
Breach p rice , are well taam tam ed. »of.with»tandli«sr that the
totes r{'iote*s ore coElsidcrably above the price o f mid-uplatids, K—
L ivkbpool .— By cable from U verpool we have the follow in g
ceipts ferepetnnll. ana ihere is bat llitte itottht now that that crop
ta one o f the shortest and most disappointing on record.
statement o f the week’s sales, stocks, & c., at that port:

THE CHRONICLE,

784

April 13 April 20 April 27.

DAILY CLOSING PRICKS OF NO. 2 RED W INTER W HEAT.

May 4

54.000
52.000
52.000
47.000
Bales of the week........... bales.
2,000
3.000
1,400
Of whloh exporters took . . .
1,000
1,700
300
1,100
Of whloh speculators took ..
47.000
47.000
41.000
43.000
Sales American..........................
8,000
3.000
11.000
3,000
Actual export.............................
62.000
60.000
57.000
67.000
Forwarded...................................
Total stock—Estimated............ 1.751.000 1.732.000 1.735.000 1.712.000
Of which American—Estim’d 1.495.000 1.469.000 1.466.000 1.413.000
58.000
44.000
64.000
60.000
Total import of the week.........
21.000
40.000
44.000
39.000
Of which American..............
85.000
78.000
73.000 117,000
Amount afloat...........................
65.000
60.000
95,000
60.000
Of which American...............

[VOL. LVIII

Sal.
May delivery.................... o. 61%
Juno delivery....................c. 62%
July delivery.................... o. 63%
August delivery................c. 64%
September delivery...... o. 65%
December delivery.......o. 687s

Mon.
61%
62%
63%
61%
65%
69%

Tues.
61
62
63
64
65
68%

Wed.
Thurs.
60%
60%
61%
61%
62%
62%
63%
63%
64%
64%
67%
68

Frl.
61%
63%
64%
65%
68%

The market for Indian corn futures has been dull and prices
have made fractional declines in sympathy with the weakness
of wheat. Business in the spot market also has been quiet,
and values have weakened a trifle with futures. Yesterday
the sales included No. 3 .mixed at 43%e. in elevator. 44^c.
The tone of the Liverpool market for spots and futures ea« h delivered and %'dilc. over July f. o. b. afloat. To-day the
day of the week ending May 4, and the daily closing prices market was a trifle stronger w th wheat, but the speculation
Of spot cotton, have been as follows:
continued dull. The spot market was firm but dull. The
sales included No. 3 mixed at 44c. in elevatsr and 45c. de­
livered.
Spot.
Saturday Monday. Tuesday, Wednes. Thursd’y. Frida-.

Market, J Moderate In buyer*’ Moderate
demand.
favor.
1:45 P. M.J demand.
MId.Upl’ds.

Hie

4

Hie

Easier.

Fair
business
doing,

4

3>%6

D AILY CLOSING PRICES OF NO. 2 MIXED CORN.

Steadier.
31%s

May delivery...................o.
July delivery.................... o.
September delivery____ o

Sat. Mon.
43%
43%
44%
44%
....
45%

Tues.
43%
44%
45%

Wed.
Thurs. Fri.
43%
43%
44
44%
44%
45
.....................
......

Oats for future delivery have continued to attract a fair
amount of attention and prices have steadily advanced on
buying by shorts to cover contracts, stimulated by the scarcity
Futures.
at Quiet at Steady at Dull at Steady at Steady at of supplies, particularly of the mixed grades, and fear o f a
Market, i Steady
1-64
@2-04
partially
squeeze in May contracts. Business in the spot market has
1-64 de­ 1-04 de­
partially 2 84 de­
1:45 p. M. J 1-64 adv.
cline.
decline. 1-64 adv.
cline.
cline.
been quiet, an advance in prices checking trade. The sales
yesterday included No. 3 mixed at 40 <j40i£c. in elevator and
Barely
Barely
Market, ) Steady.
Steady.
Firm.
Easy.
steady.
steady.
No. 3 white at 41J£c. in elevator. To-day the market was
4 P. M. j
fairly active and higher on continued buying by “ shorts” to
The opening, highest, lowest and closing prices of futures cover. Trade in the spot market was checked by the higher
St Liverpool for each day are given below. Prices are on prices asked. The sales included No. 3 mixed at 40%@41c. in
the basis of Uplands, Low Middling clause, unless otherwise elevator and No. 3 white at 41%rt$43c. in elevator.
stated:
D AILY CLOSING PRICES OF NO. 2 M IXED OATS.

Sales...........
Bpeo. <feexp.

7,000
500

8,000
500

7,000
500

8,000
500

The prices are given in pence and 64tin.

10,000
500

8,000
500

Thus. 3 63 means

3 63-64d. and 4 0 1 means 4 l-64d.

Bat., Apr. 2 8 .

Mon., A pr. 3 0 .

Tues., M ay 1

Open High Low. Olot. Op«n High Low. Clot. Open High Low. Oh“
April..........
Apr.-May. .
May-June ..
June-July..
July-Aug...
Aug.-Sept...
8ept.-Oct...
Oct.-Nov....
Nov.-Dee...
Dec.-Jan....

d.
3 02
3 62
3 02
3 03
4 00
4 02
4 02
4 03
4 04
4 05

d.
3 02
3 62
3 62
3 03
4 01
4 02
i 08
4 04
4 05
4 06

d.
3 62
3 62
3 62
3 63
4 00
4 02
4 02
4 03
4 04
4 05

d.
8 62
3 62
3 62
3 63
4 01
4 02
4 03
4 04
4 05
406

W ed ., >Iay 2 .

d.
3 60
3 00
3 60
3 61
3 63
4 00
4 01
4 02
4 03
4 04

d.
3 61
3 61
3 61
3 62
3 63
4 01
4 01
4 02
4 03
4 04

d.
3 59
3 59
3 59
3 60
3 62
3 63
4 00
4 01
4 02
4 03

d.
d.
3 59
3 59 3 68
3 59 3 58
3 01 3 60
3 62 3 61
3 63 3 62
4 00 3 63
4 01 4 00
4 02 >4 01
4 03 4 02

T bu ri. M ay 3-

d.
3 60
3 60
3 61
3 62
4 00
4 CO
4 01
4 02
103

d.

d.

3 58 3 00
3 58 3 60
3 00 3 01
3 01 3 62
3 62 4 00
3 63 4 00
4 00 4 01
4 01 4 02
4 02 4 03

F rl., M ay 4

Open High Lew. Olot. Open High Low. Olot. Open High Low. CiOi
May...........
May-June...
June-July..
July-Aug...
Aug.-Sept..
Sept.-Oct...
Oct.-Nov....
Nov.-Dee...
Dec.-Jan....
Jan.-Feb...

d.
3 67
3 57
3 68
3 69
3 60
361
3 02
3 63
4 00
4 01

d.
3 57
3 57
3 58
3 60
3 61
3 62
3 63
4 00
4 01
4 02

d.
3 58
3 56
3 57
3 59
3 00
3 61
3 61
3 02
3 63
4 00

d.
3 56
3 56
3 68
3 59
3 60
3 61
3 62
3 03
4 00
4 01

d.
3 53
3 53
3 55
3 56
3 57
3 58
3 59
3 80
3 61
3 02

d.
3 54
3 54
3 55
3 56
3 58
3 58
3 59
3 00
3 61
8 03

d.
3 53
3 53
3 55
3 50
3 57
3 58
3 69
3 60
3 61
3 62

cl.
d.
3 54 3 55
3 64 3 55
3 55 3 50
3 50 3 57
3 58 358
3 58 3 59
3 59 3 60
3 00 3 61
3 61 3 02
3 03 3 63

d.
3 50
3 56
3 67
3 58
3 59
3 00
3 61
3 62
3 63
4 00

d.
3 54
3 54
3 55
3 56
3 57
3 58
3 58
3 59
3 60
3 02

j
3 54
3 54
3 55
3 50
3 57
3 58
3 59
3 59
3 61
3 62

B R E A D S T U F F S .
F r i d a y . May 4, 1894,
The market for wheat flour during the past week has been
very unsatisfactory. Buyers have continued very indifferent
and refused to trade unless granted material concessions, to
conform with the decline in wheat. Bye has been a trifle
stronger for the choice brands in consequence of a small sup­
ply. Corn meal has met with a light trade, but prices have
been without change and steady. To-day there was a fair
trade in winter straights for the West Indies and South Amerlca, but otherwise the market was dull and easy.
Early in the week the market for wheat futures held steady
on a material reduction in the supply in sigh t; but subse
quently dull and weaker foreign advices and continued favor."
able outlook for the growing crop, prompted moderate selling
and prices declined. Yesterday, however, there was a slight
rally on buying by a few sborts to cover contracts, stimulated
by predictions of a cold wave at the Northwest. Business in
the spot market has been less active as shippers have not
shown the same amount of interest as they did last week.
The sales yesterday included No. 3 hard winter at about
under July f. o. b. afloat. To-day the market was moderately
active and higher on buying by shorts to cover contracts,
stimulated by large clearances from the Atlantic seaboard,
stronger foreign advices and reports of the appearance of the
chinch bug in the wheat fields. The spot market was firmer
but quiet. The sales included No. 3 red winter at July price
f. o. b. afloat.

Sat.
May d elivery................ o. 37
June delivery..................o. 36%
July delivery................... o. 36%

Mon.
38
37%
36%

Tues.
38%
37%
36%

Wed. Thurs.
38%
38%
37%
37%
36%
37%

Fri.
39%
38%
3 7 Ts

Rye has been dull and prices have been quoted nominally
unchanged. Barley is out of season.
The following are closing quotations:
Pine..................$ bbl. $1 75®$1 90 Patent, winter............ $3 Of>®$3 40
Superfine..................... 1 8 5 ® 2 15 City mills extras........ 3 50® 3 60
Extra, No. 2 .............. 2 00® 2 25 Rye flour, superfine.. 2 60® 3 00
Extra, No. 1................ 2 20® 2 50 Buckwheat flour.....................® ____
Clears........................... 2 30® 2 65 Com meal—
8traigbts___________ 2 70® 3 50
Western, &c_______ 2 50® 2 60
Patent, spring........... 3 50® 4 20
Brandywine...........
2 70
[Wheat flour in sacks sells at prices below those for barrels.]
GRAIN.

o.
o.
W heatSpring, per bush.. 60 ® 75
Red winter No. 2 .. 61% ® 63
Red winter............ 50 ® 64
White...................... 53 ® 63
Oats—Mixed,per bu. 40 ® 42
White....... ............... 41 ® 46
No. 2 mixed.......... 40% ® 41%
No. 2 white............ 41 %® 42%

Corn, per bush—
o.
West’ u mixed_____ 43 ®
No. 2 mixed.......... 44 ®
Western yellow..
44 ®
Western White___ 44 ®

o.
45%
45
47
47

Western, per bush. 55 ® 56
State and Jersey. . 51 ® 57
Barley—No.2 West’n
67
66
S ti e 2-rowed.......
8
o 6-rowed................. ®
..

The movement of breadstuffs to market is indicated in the
statement below is prepared by us from the figures of the
New York Produce KxchaDge. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending April 23, 1894,
and since August 1, for each of the last three years:__________
Receipts at—

Flour.

Corn.

Wheat.

Oats.

Barley.

Rye.

Bbls.imbs Bush.60 lbs Bush.bO lbs Bush.32 lbs Bush.48 It Bu.50 lbs.
928 274 1,037,765
55,565
25,498
98.815
133.606
Chicago ....
32,500
92.000
48,8j0
9,000
50,400
78,250
Milwaukee...
121,182
97.221
Duluth.......
517,960
36
520
Vllnneapolis.
600
1,800
1,238
125.900
173,20
1,200
Coledo.........
4,995
12,249
92,213
38 284
8,375
Detroit........
662
25,988
5,98*
30.251
Cleveland—
21,240
1,401
175,155
5.250
45.436
533 140
4t. Louis......
15,900
4,20C
4,200
5,400
409,200
323.350
*eoria........
5,500
64,413
2,224
Kansas City.
Tot.wk, ’94.
lame wk,’93.
<ame wk,’92.
'Hnce Aug. 1.
1893-94......
1892-93......
1891-92......

802,762
162,167
331.412

1,186,807
2,717,387
2,200,417

2,047,441
1,523.382
1,093,552

2,439.955
1 853.383
1,718,157

135,090
267,192
332,67*

40,693
63,264
82,421

9,910,893 133,110,049 125,232,535 93,662.455 27.503,935 3,017,335
9,882.585 209,710,893 94,837,431 86,139,216 27,943,119 0,592,955
9,590.248 193.024,055 97,506,624 81.377,013 29,143,377 13.729,963

The receipts of flour and grain at the seaboard ports for the
week ended April 28, 1894, follow:
R ec e ip ts a t r -

F lo u r ,
hbls.

W h e a t,
bu sh .

C om ,
bu sh .

O ats ,
b ush.

New York................... 141,352
Boston........................
30,630
M ontreal....................
16,560
Philadelphia............
49,899
Baltimore.................. 103,909
Richmond..................
5,546
New Orleans ..........
9.632

493,025
108,973
1,8*0
81.63*
90,362
10,314
110,893

297,375
159,412
400
147,262
166,614
26,234
52,762

316,800
39,470
17,712
48,899
5.180
10,898
29,142

Total week....... 356.528
Week 1893.............. 294,988

897,071
850,089
921,929 1,277,609

504,101
870,626

B a r le y ,
b ush.

Rye,

bush.

32,175
.............
854
............
............................... .
8 800
.............
............
3,600
.................................
.................................

41,829
49,600

3,600
10,126

The total receipts at porta named in last table from Jan. 1
to April 28 compare as follows for four years:
Receipts of—
1894.
Flour................. bbls. 6,148,711

1893.
5,573,191

1892.
5.968,418

1891.
4,485,595

W h ea t................bush. 5,470,893
Corn............................... 24,095,551
O ats............................... 10,075,412
Barley............................ 1,080,964
Rye..................................
88,290

10,714.705
14,187,808
11,682,339
2,349,604
233,203

27,001,096
50,088,236
16,538,837
2,472,850
1,859,391

6,781,598
12,503,313
10,560,215
1,484,309
116,633

39,160,269

97,620,415

31,470,008

Total grain ........... 42,010,599

THE CHRONICLE.

MAY 5, 1894.]

785

The exports from the several seaboard ports for the week packages, valued at $150,855, their destination being to the
ending April 2d, 1894, are shown in the annexed statement:
points specified in the table below:
Corn.
Wheat,
Otiia.
P eas.
bush.
BxporU fm m —
hush.
1894.
Ittuft.
&
1893.
bush.
S s v Y o r k t o Ma t l .
4,347
Now York__ . . . . . . .
tmjSA 117,813
3,847
38.416
3,089
BostOQ...........
01,740 U3JW*
Week. Since Jan. 1. Wisefc. Since Jan. 1,
105,705
5.972
Portland. ........... ........
' 10,423
>,BhO
Philadelphia........ 50,000
Sreat Britain.......
126
2, *236
73
1,565
Baltimore............... 231,411 101.081
Other European..
1,342
63
3,720
215.i?8
5
New O rleans......... 88*701
453
China.................
142,319
25
32,665
Newport News.................
125
10,405

ar

113,518

N<
'"orfblk.

Montreal..

Total w e e k ........1,200,3no 1.475.578
Same time 1893....... 1,243.585
773,.,-53

302.262
200,490

7,910
60,o25

........

4,007

14.289

8,532

The destination of these exports for the week and since
Sept. 1, 1893, is as below. We add the totals for the corresponding periods of last year for comparison:
Expmts /o r
vm k ami. since

Sept. 1 t o -

-F leu r.Week
Mnee
net Sept.
1. 1803.
April 28.

this.

United Kingdom 15 2.23?
Continent........... 21.378

S. A C. Axaerfoa*.

52,778

B lit. N. A. Col’ s.

10,081

WestIndiaa.. ... 25,130

Week

S.«iSu
sn.-ire
S7S.819
®MW

S 'S .

uisaS.

hmh.

ii.m i.m i

17,202.^)0
10.329
28.081

India......................
Arabia...................
Africa....................

1

914
239
20
66
751
44

■feat Indies_____

v tex lco.....................

Oentral America..
S rath Am erios...
O her countries. _.

Total.........................
: hina, via Vancouver*..

A%?k.Sir.i$ t
(U3MT a iM Z jk s
BM.793 l.,5±5,H5
J .5 5 *
88.849
S t.K «
508,072
1383
101,0-3
6,085
74,532

3,962
7,280
3,055
6,844
661
2,061
12,678
1,022

1,266
4,343
5.011
7,142
667
1,763
15,709
970

1

207
18
51
430
103

2,281

73,806
8,878

1,013 ,

49,299
10,424

2,281

82,684

1,013

59,723

The value of the New York exports since Jan. 1 has been
$3,929,313 in 1894, against $2,884,317 in 1893.
Sales of brown sheetings and drills have been on a moderate
scale at irregular prices, the tendency being to favor buyers
tau^aaSM:.::'. m m
The visible supply of grain, com
_ the stocks in granary in a number of instances. Moderate orders for medium grade
at the principal points of aecumu
on at lake and seaboard bleached shirtings are recorded and only a limited trade in
other grades. Kid-finished cambrics dull and occasionally
ports, April 28, 1894, was as follows
in favor of buyers. Other linings inactive. Wide sheetings
Oats.
Cora,
Barley
7«- itffre at
hu»h,
busk.
slow and unchanged. No business of importance in Canton
S, 175,000
Ȥ>
flannels, leading sellers and large buyers being apart
..
m,mo
«
BaJSdo....... . . . . . . . . . . 1,900,000
62,000
1,282,000
57,000 in their views
regarding prices. Denims are selling
Canal.
. .... .. 'nmj m
moderately, as are ticks, while there is but an in­
Chlemto ..... .......
5,041.000
70*7000
m,0oo
Eto
...
iM&tm
different demand for checks, stripes, plaids, cheviots,
3,000
MBwaakee......... .
9SK.Q00
&o. White goods dull and irregular in price. Quilts
Boiuth ................1 0 ,9 1 3 ,0 0 0
2619)00
Do
aflMtt ««*•«.
........
slow throughout. In printed fabrics the demand for
865.000
Toledo......................... 2L924.O0O
4,000
fancy calicoes is still poor at easy prices, and staples
Do
ttSoat..........
20.M300
D e t r o it ,,.,........
Ufc'6,000
"8,600
"i>X»
2,000 are Inactive, while an ordinary business is passing in indigo
Do
afloat_____
190,000
*20.000
o*we*G................ mjm
*50,000 blue and shirting prints. With favorable weather lighter
®L L o « li---- — . . . . . . 3,O86.C4>0
1.000
5.000
» ■-'»*'*-*)
fabrics for summer wear have done better, fair sales being
full M
§t»eina*tt.............
9,000
5 .000
11,000
2,000
Boaton.,....,..........
S4.000
139.000
9.000
0.000 recorded >v printed cambric-, lawns, challies and the like.
Toronto
109,090
70.000 Ginghams are ta quiet demand throughout and unmarked by
Montreal
C$. *.090
253.000
” jjS8S$
37.000
683.0UO
“ *
S71DWJ
100.000
special featare,
DtsorU........... . . . . . . . . .
US*000
u * ,* m
tm M o
$£im
18Q4L
1RQR
IRQ1?
. . ... ... .
Other eottntridt..

658

w

h <MK«

SStfkssa 'n-j'Mi

n jm
y

X*&«a<* «>ltf...,,.......... .
m jm
Bnitim&m..... . . . . . . . .
071.000
MiK&empeM*...............J d m c o o
Ots MI.aAliaip,pl Kirer.
7&s*m
0 » U m .<. IMAMO

l&JMM
329.0O0
250,0*30
:
3>sie/x*o

Tmm .Apr. 3$, i m p - m j m j m
Total Apt. T.
A w . 3 >. 1909^.7^997^00
T ot«l Af3dr.il
t p t » i Hmf 3i

19J&&J6W
UMAMCi

8»49S,R90
2 mt*. Oort

aye®7,000
WSI.760

$JSS*#9Q
tjSi

tilom
3 tjm -

pjm 1
17,000
1,000

3.000

Stock of P rin t O lo th iA p ril 28.
Held by Providence m anufacturers. 219.000
Fall River m an u factu rers..................441,000

i% m
m ijm -

A p ril 29.
50,000
66,000

Total Stock Ip le o e a )..................... 660,000
237,000
iwwViirt

THE DRY GOODS TRADE.
SAW You:, Friday. P. M„ May l, 1894
With the exception of a slight increase in the demind for
•trictly seasonAble fabrics, owing to improved 1 distribution
under fine weather influences, the market has been with out
improvement, Bayers harts been in moderate attendance
throughout the week, and the general mail-order demand,
except as noted above, barely up to the average. The results
o f last week's flannel sales have had an adverse influence iu a
number of directions, and sellers hive found it very difficult
to Interest any buyers in merchandise not required for
immediate two.
Hopes are entertained that some im­
provement generally may be noted as the month ad­
vances.
Last month's results nave turned out quite
disappointing. They show a decided shrinkage from the
volume o f business done during M inch and do not in many
instances make a favorable comparison with April list year,
although that was a p » r mouth. Soar* effects of this is a sen
in the attitude of sellers, even those wh > have lately been
best situated with regard to stocks of staple cottons and
steadiest in adhering to regubr prices showing a greater
tendency to favor buyers, the market being to this extent
easier than a week ago. In the woolen goods division business
has been inactive throughout with buyer* endeavoring to
secure lower prices on the limited orders placed by them.
Domestic W oolens —Buyers have been in limited attend­
ance and orders light, the week's business in men’s-wear,
woolens and worsteds making up but a p m r aggregate so far
as new orders go. Fair deliveries have been" made on
account of previous orders, but a number of buyers
hav.- had their orders canceled by agents whose man­
ufacturers
have
not
been
able
to
produce the
good- contracted for There has been but little replac­
ing elsewhere of such thrown-out orders. In such business jis
is now passing there is no feature worth particularizing so far
as sty lo* of goods in request go, only small characterless sales
being made in either all-wool or wool and cotton fabrics.
Dreso good* in woolen and worsted fancies for fall are in gtiod
request in low and medium-priced varieties hut plain fabrics
slow. There has been little seasonable business. Flannels
and blankets in slack request since last week, but in the
former some prices have been advanced on auction rates.
Domestic Cotton O w ns. —The exports of cotton goods
from this port for the week ending May 1 were 2,381

A p ril 30.
3,000
36,000

116,000

39,000

Fokeion DuY Goods.—In seasonablelines the business has
been entirely of a pkeing-out nature and without material
feature. For f ill the importation orders have ruled light
in dre-s fabrics, both woolen and worsteds, and moderate
in silks. Ribbon-, laces and hosiery also ordered with
moderation.
Im p o r ta tio n * a n d W a r a h o m e W i t h d r a w a l o f D ry f lo o d * .

The importations and warehouse withdrawals of dry goods
at this port for the week ending May 3, and since Jan. 1,
1891, amt for the corresponding periods of last year are as
follow*!

i* r \

« tiU »
SS.LK2Sfejfc~

S ~ j — is la7
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THE CHK0N1CLE.

786

[VOL, L Y II 1.
D O L L A R SAVIN GS B A N K , P IT T SB U R G .

S t a t e a a p C ity

$300,000 will pay 102-25 and Interest.
'

TERMS OF SUBSCRIPTION.

D C N 8C O M B & JEN N ISO N .

$100,000 will pay 101-75.
F IR ST N A T IO N A L B A N K , P IT T S B U R G .

C o m m ercia l a n d F in a n cia l C H R O N IC L E ! con­
tains 4 0 to 6 4 pages, published every week.
State a n d City S up p lem en t of C H R O N IC L E con­
tains 180 pages, published periodically.
Investors’ S up p lem en t of C H R O N IC L E (a Cyclo­
paedia of Railroad Securities) contains 1 6 0 pages, published
every other month.
__________
Subscription to CHRONICLE for one year 8 1 0 .0 0 ,
which includes every issue of both Supplements.
is b e p u rp o se o f this State a n d City D e p a rtm e n t
is to furnish our subscribers with a weekly addition to and
continuation of the State and C it y S upplement . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and C ity S upplement to as near the current date as
possible. Hence if every Subscriber will note in his Su pple ­
ment on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts,

B rooklyn’s Limits Extended.—On Thursday of this week
Governor Flower signed the bill annexing Flatlands, Graves­
end and New Utrecht to the city of Brooklyn. New Utrecht
comes in as Ward No. 30, Gravesend as W ard No. 81 and
Flatlands as Ward No. 32. No copy of the act had been re­
ceived at the City Comptroller’s office yesterday afternoon,
but according to a current news item provision is made that
real estate in the new wards which has not been cut up into
building lots shall be assessed at the value of the land for
agricultural purposes. It i3 also said that the city does not
assume any tax or obligations incurred by the towns before
annexation, and the O D ly city debts that fall on the new
wards are their proportionate share of thecharges of the New
York & Brooklyn Bridge.
According to the last State census the population of Brook­
lyn and the towns which are now to be included was as
follow s:

$50,000 will pay 102-04 and Interest.
$50,000 will pay 102-06 and Interest.
$50,000 will pay 102 08 and interest.
*50,000 will pay 102-10 and Interest,
$50,000 will pay 102*12 and Interest.
$50,000 will pay 102-14 and Interest.
P H IL L IP F . K E L L Y , O F B . K . JA M ISO N & C O ., P H IL A D E L P H IA .

$50,000 will D a y 103-90 and interest.
$25,000 will pay 103-80 and Interest.
$50,000 will pay 103-70 and interest.
$25,000 will pay 103-50 and Interest.
$50,000 will pay 103-25 and Interest.
$25,000 will pay 103-00 and interest.
$50,000 will pay 102-75 and interest.
$25,000 will pay 102-50 and interest.
Or $200,000 street bonds at 103-40 and interest.
$100,000 sewer bonds at 103-20 and interest.
T H E N A T IO N A L B A N K O F W E S T E R N P E N N A ., P IT T SB U R G .

$300,000 will pay 105-06 per cent and interest for the whole or part of
the $300,000, that Is $315,180 and interest.

Ashland, IVis.—(State and C ity S upplement , page 103.)—
0. F. Latimer, Trustee, will receive bids until May 9 for the
purchase of $35,670 94 of City of Ashland Improvement
bonds. The loan is dated April 2, 1894, and payable April 2,
1901, but may be redeemed after April 2, 1899. Interest at
the rate of 6 per cent will be payable semi-annually, and both
principal and interest will be payable at the National Bank of
the Republic, New York City.
Asbiiry Park, N. J.—(State and Cit y Supplement , page
58.)—The people of this borough have voted in favor of issu­
ing $50,000 of bonds for water-works.
A thol, Mass.—(State and C it y Supplement , page 21.)—
Sewerage bonds of this tow n to the amount o f $50,000 have
been authorized.
Auburn, Neb.—C. O. Snow, City Clerk, reports that the

$20,000 of 5 per cent water bonds which were offered for sale
on April 20 were not disposed of. The bonds are dated April
1, 1894, and mature April 1, 1914. with an option of call after
April 1, 1899. Interest is payable annually, both principal
and interest being payable in New York City.
Auburn, N. J.—(State and Cit y Supplement , page 44.)—
It is reported that $313,000 of 4 per cent water bonds of the
city of Auburn have been disposed of as follows: To the
Utica Savings Bank $100,000 at 107-31; to the Auburn Sav­
ings Bank $50,000 at 107-56; to N. W . Harris & Co. $150,000
at 107-20, and $13,000 were withdrawn from the market.
The loan is dated May 1, 1894, and will become due at the
rate of $25,000 yearly from May 1, 1914, to May 1, 1925, and
$13,000 on May 1, 1926. Interest is payable semi-annually on
May 1 and November 1.

Avondale, Ohio.— (State and Cit y S upplement , page 77.)
—Proposals will be received until May 28 by the Committee
Brooklyn............................... 957,958 New Utrecht........................ 9,129 on Finance for the purchase of $30,000 of 4 per cent 30-year
Flatbush................................ 12,625 Flatlands..............................
4,234 street improvement bonds and $10,000 of 5 per cent 20-year
Gravesend..........................
8,412
sidewalk bonds. Both loans are dated May 1, 1894, with in­
Total...................................992,364
terest payable semi-annually on May 1 and November 1.
It is estimated that at the present time the total population
Baltimore, Md.—(State and Cit y Supplement , page 73.
is considerably more than a million.
—City Register John A . Robb reports to the Chronicle that
on May 1 the $2,331,100 of city bonds held by the sinking fund
B o n d P ro p o sa ls a n d N e g o tia tio n s.—We have re­ and offered for sale on that day were awarded to the Mer­
served through the week the following notices of l onds cantile Trust & Deposit Co. of Baltimore for $2,420,291 59.
recently negotiated and bonds offered and to be offered for The bonds are described as follows:
Amount
,— Interest.— v
LOANSsale.
When Due.
Offered.
P .01. Payable.
NAME AND PURPOSE.;.
City
Hall,
1870......................r
..........
r
6
Q—J
Apr.
15,
1900
$86,000
Allegheny, Pa.—(S t a t e a n d C i t y S u p p l e m e n t , page 65.)— do
Mar.
7, 1902
45,900
do, 1 87 '
...........r 0
Q—J
On May 1 City Comptroller James Brown sold $300,000 of 4 per Consolidated :
1890.r :u», J & J tJuly
1, 1930
165,300
.1870.1- 6
1July
1, 1900
155,200
cent 20-30 year street and sewer bonds to the National Bank Funding loan.
Q—J
Fundingloan of........ 1878.r
1878.r 5
M & N TJuly
1, 1916
31,700
of Western Pennsylvania at 105-06 and accrued interest.
Harford Rim Improv......... r 4
j & j tJan.
1, 1920
50,000
The following is a list of the bids which were received for Internal
Improvement.......r 3ia J & J
July
1, 1928
397,900
the securities:
Jones’ Falls............................ r 6
Q—F
Apr.
9, 1900
62,000
do
do ............................ r3-65
do
do ........................... r 3!a
do ' do ........................... r 3
Paving...........................1881.r 4
Public Iprov.................... 1893 3k!
Water....................................... r 5
do ......................................r 4
Western Maryland..1872 r 6
do
do
1882.r 4
do
do
1887_r 3H
Bonds ( West.Md.RR.,3dM) 6
guar. I Union RR., 1st M. >

P IT T S B U R G T R U ST C O M P A N Y , P IT T S B U R G .

$300,000 will pay lO S^ per cent.
JA S. C A R O T H E R S , P IT T SB U R G .

$50,000
$50,000
$50,000
$50,000
$50,100
$50,000

will pay 100-55 per cent anil interest.
will pay 101-05 per cent and Interest.
will pay 101-55 per cent and interest.
will pay 102-05 per cent and interest.
will pay 102-55 per cent and interest.
will pay 103-05 per cent and interest.
C O F F IN & STAN TO N , N . Y .

$300,000 will pay 100-875 and interest.
G E liM A N -A M E R IC A N IN V E ST M E N T

H. S. A . S T E W A R T , P IT T SB U R G .

$25,000 will pay 102-25 and Interest.
$50,000 will pay 102 ks and interest.
$25,000 will pay 102% and interest.
N. W . H A R R IS & CO. C H ICA G O .

T O L A N D B R O S . & C O ., P H IL A D E L P H IA .

$300,000 will pay 104-55 and accrued interest.
B R E W S T E R , CO BB & E S T A B R O O K BOSTON.

$300,000 will pay 103-29 and accrued interest.

53,700
160,000
53,700
31,000
75,000
24,000
194,000
93,000
133,700
180,900
337,000

The prices which were paid for each loan are given below:

T H IR D N A T IO N A L B A N K , A L L E G H E N Y .

R . L . D A Y & C O ., BO STON .

9, 1900
9, 1900
9, 1900
1, 1920
1, 1940
1, 1916
1, 1926
1, 1902
1, 1925
1, 1927
1, 1900

t Payable on or after this date, at option of city.

$300,000 will pay 102-31 and Interest.

$300,000 will pay 102-197 and acorued interest.

Apr.
Apr.
Apr.
tNov.
Jan.
July
tNov.
Jan.
July
Jan.
Jan.

Total.............................................................................................. $2,331,100

C O ., N. Y .

$300,000 will pay 102-27 and accrued interest.

$300,000 will nay par, Interest and premium of $12,420.
and acorued interest.

Q—F
Q—F
Q—F
M&N
J & J
M&N
M&N
J & J
J & J
J & J
J & J

Rate 104-14

Amount. Rate.
$86,000
6
45,900
6
155,200
6
62,000
6
93,000
6
5
24,200
31,700
5
50,000
4
31,000
4
133,700
4

Due.
1900
1902
1900
1900
1902
1916
1916
1920
1920
1925

Price. Amount. Rate.
110 0 3 $194,000 4
53,700 3-65
112-53
110-53
160.000 3-50
109-80
397,900 3-50
11304
165,300 3-50
75,900 3-50
117-10
117-10
180,900 3-25
104-08
53,700 3
236,000 6
103-08
10453
101,000 6

Due.
1926
1900
1900
1928
1930
1940
1927
1900
1900
1900

Price.
103 07
100-08
98-07
100-27
100-27
100-27
92-53
95 05
109-55
110-55

The proceeds will be applied to liquidation of the water
loan, which falls due on July 1. The aggregate of all the
bids received was in round numbers $9,000,000, or nearly four
times as much as the amount offered for sale.

THE CHRONICLE.

Ma t 5, 1894.1

Bellevue, Iowa.—It is reported that an election will be
held this month to vote on issuing bonds for water-works.
Brooklyn. N. T.—{S t a t e a n d C i t y S u p p l e m e n t , page 45 .)—
Brooklyn public market bonds to the amount of §1,209,000,
bearing 4 per cent interest, were sold by Comptroller Corwin
on May 3d as follows:
To- "
do
..........................
do
...................
................ . . . . .
do
do
. . . . . . ___ . . . . . .
Dan!. A. Moran A C o........
Forrest C lean ............ .......
Hamilton Trust C o ............
............
do
South B rooklyn S. I n ____
Coffin & S tanton....... .
Street. Wykt-s A C o..........
South B rooklyn s. I n .......
.......
do
Far sou Leach A C o ..........

....

Amount.
$10,000

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

20,000
10,000
50,000
5.000

....

300.000

....

io o .ooo

Due.
1920
1920
1920
1920
1980
1920
1920
19*20
1920
19*20
1921
1922
1922
1922
1923

Price.
106*25
106*00
105-625
105*125
104-50
107-538
104*50
105*00
104 00
10 439
105 55
106-L1
106-25
106-89
103-30

787

The securities are to be dated June 30, 1894, with interest
to be payable at the office of Messrs. "Winslow, Lanier & Co.,
New York City, on the 30th of June and December.
Jersey City, N, J.—(S t a t e a n d C i t y S u p p l e m e n t , page
60.)—A list of the bids received on April 30 for the §600,000 of
5 per cent assessment bonds is as follows:
Beuwell A E v e r itt..................................................................................104-52
William Clark............................ ............
....................................... 1 0 3
The German A m erican Investm ent Com pany.................................102-05
The Provident Inst, for Savings, Jersey City, for § 20 0,00 0........ 104-10
Farson, Leach A Co.........................................................................
103-05
The New York Life Insurance Com pany......................................... 103-03
Blair & Company..................................................................................... 101-61
Yerm ilye & Co........................................ .......................... .......................105-27

The bonds were awarded to Yermilye & Co. Interest is
lyable on May 1 and Nov. 1, both principal and interest
ting payable in gold, and the bonds mature May 1, 1924,

K in g s County, N. Y.—(S t a t e a n d C i t y S u p p l e m e n t , p a g e
48.)-A ccording to an official report to the C h r o n i c l e t h e
T o ta l.............................
prices paid for Kings County bonds sold on April 27 were as
The total amount of all the bids received was §5,979,000. follows :
Amount.
Due.
Price.
The securities will be reentered and §300,000 of the amount is
Leach & Co.......................................... $100,000
1909
106-07
payable January 1, 1920; §800,000 payable January 1, 1921; Parsen,
......................................... 100,000
1810
107-27
do
<lo
§W>9.li09, payable January 1, 1922; §309,000 payable January Bsnw oll A E v eritt............................................. 110,000 1905
104-05
do
do
........................................... 110.000
1906
104-37
1, 1923.
Governor Flower has signed a bill authorizing Brooklyn to
There were 16 bidders in all. The securities, which are
issue §1,300,000 of local improvement bonds for 1894 and registered, are described below.
1893,
LOANSWhen Due.
LOANSTTAeu Due.
Fa r m L oan —
R e f u n d in g L o a n —
Butler County,Ohio,—(State and City S upplement. page 4a.County
MAN. t l 00,000— May 1 ,1 9 0 9 4s, MAN, $ 1 1 0 ,0 0 0 ....M a y 1, 1905
77 .—The county bonds to the amount of §40,000 were award­ 4s,M AN, 1 0 0 ,0 0 0 ....M ay l , 19X0 4s. MAN, 1 1 0 ,0 0 0 ....May l , 1906
ed on April 30 to S. Kuhn& Sm s, of Cincinnati for §41,160.
Twenty bids in all were received. The loan is dated May 1,
L a Crosso, Wis.—(S tate and C i t y S u p p l e m e n t , page 104.)
1894. bears interest at the rate of 4!| per cent, payable Janu­ —Street improvement bonds to the am ount of §23,000 a re
ary 1 and July 1, both principal and interest being payable at under consideration.
the office o f the County Treasurer, and §10,009 o f the amount
Malden, Mass.— (Sta te and C it y S upplement , page 27,)—
matures Juiv 1, 1904, $5,000 July 1, 1900. $3,000 Julv 1, 1009,
§5,000 July 'l , 1912. §5,000 July 1, 1914, §5,000 July 1, 1916 Four per cent 80-year sewer bonds to the amount of §100,000
have been sol 1 to Jt L. Day & Co. for §106,617. A list o f the
and §9,000 July 1, 1918.
bids received for the loan is as follows :
Carey, Ohio.—At the election held April 23, to vote on
Amount.
.106-617
issuing water-works bonds, the votes cast were 253 for and R. L. Day * Co ........................
E
.
H.
R
ollin
g
A
S
on
*..................
.106-538
104 against the proposition. Village Clerk W. H. Hark writes Blodet-t. Merritt A Co............
.106-170
us that nothing further has as yet been done,
N W7Harris A Co................
.1 0 6 0 4 5
Brewster.
Cobb
A
Eslabrook
.105-65
Cuthbert, tin.—An election will be held May IS to vote on Lee, HlggUison A C o..........
105-825
issuing §40,u0Q of water-works and §10,000 of electric-light J. w lAiDgstreet......................
.105-59
bonds,
B lake B ros A o ..........................
.1 0 5 0 3
10-198
Danbury, Conn.—(S tate and City Sb'PPUBfKKT.page 37.)—• f H Whits .v * ..................
Manchester, N . II.—( S t a t e a n d C i t y S u p p l e m e n t , p a g e
Bids wilt be received until May 10 by C. S. Andrews, Mayor,
for the purcha.se of §100,000 of 4 per coot 80-year bonds. 14.)—Sealed proposals will lie received until May 17 at the
The loan Is dated July 1,1893, and both principal and interest office of E, J. Kuowlton, Mayor, for the purchase of §100,000
is payable ia gold coin at the National Park Bank, New York of improvement bonds. The loan will be dated June 1,1894,
City. Interest is payable semi-annually on Jan, 1 and July 1. and will l>« payable April 1, 1914, at the City Treasurer’s
office. Interest at the rate of 4 per cent will be payable
Dolfrevllle, N. Y.—Water-works bonds o f this village to the January and July at the Suffolk National Bank, Boston, Mass.
amount of §30,000 have been sold.
Middle Klttas Irrigation District, Ellensburgli. Wash.—
East Liverpool, Ohio.—(State and City S upplement, page
80,>—Bids will be received until May 21 by J. M. Kelly, Clerk Bids wills be received until June 4 for the purchase of $200,of the Board of Education, for the purchase of §50,000 of 000 of 0 per cent bonds.
school bonds. The bonds will bear internet at the rate of 5 per
Now Y ork City.—(State and C ity S u p p l e m e n t , page 28.)
cent, payable semi-annually, both principal and interest to be —The following is a list of the bids which were received by
payable at the office of tin* City Treasurer, and will mature at Comptroller Fitch on April 27th for $1,370,421 of 8J4 per
the rate of §9,900 yearly from June 1, 1915, to June 1, 1938. cent registered consolidated stock of the City of New York
They will be ready for delivery June 1, 18U4.
maturing November 1, 1913.
Diddert.
Amount.
Price.
Ellrlst, Ohio.—(S t a t e a n d City S upplement, page 8 5 .)lo o Sealed proposals will lie received until June 2 at the office o t Miuujau.i;, S arlng- Institution............................ $ 1 0 0 ,0 0 0
Jim. O v « 4 i - V ........
15,000
100L. C. Kelsey, City Clerk, for the purchase of twelve bonds Emily A .S m ith .......................
10,000
101-50
each for the sum of §1,I89'84, to be dated June 1, 1894, and
do
do
............
5,000
102-00
William
A.
IhL-.-iv
...................................
10,000
101-50
payable at the rate of two bomb yearly from 1895 to 1900.
M<-triip<.ilt[»a
Siiv'iu*'*
Bank..................................
50.000
100-50
Interest will be payable annually. The bonds are to be issued Seaman's Bank for S a v b tg s ................................. 250,000
100-72
for the improvement of a portion of Broad Street.
Qreeawtch Savings B aak....................................
50,000
100-76
do
do
<lo
50,000
101-03
Eureka Springs, Ark,—It is reported that water-works
do
do
do
50,u00
101-28
will fee built, the contractor to accept 0 per cent gold bonds,
do
do
do
50.000
101-45
at par, in payment.
do
do
do
50.000
101-77
do
do
do
50,000
10211
Faribault, Minn.—(S t a t e a n d Cit y S upplement , page
do
do
do
50.000
102 17

IDS.)—Mayor B . B . S h e ffie ld writes the CHRONICLE that the
city of Faribault has for sale §25,000 o f 4}^ per cent bonds,
the loan to becom e due in 1908.

Forsyth, 6 *.—The citizens of Forsyth will vote May 18 on
issuing §18,000 of water-works bonds and §7,000 of electric
light bonds.
Greenfield, Ind.—It is reported that 6 per cent road bonds
of this city to the amount 'of §26,000 have been sold ai a
premium of §2,732.
Gogebic County, Mich.—The people of this county have
asked for authority to issue $73,000 of road bonds.
Hutchinson, Minn.—Water-works bonds of Hutchinson to
the amount of §20,000 have been voted.
Indianapolis, Ind.—.State and City S cpplembxt,page 88.)
The $390,wO of 4 per cent 30-ycar refunding bonds which
were offered for sale May 1st were awarded to $. A. Fletcher
& C o . , of Indianapolis, for a premium of §9,990. Following
is a list of the bids received :
Premium.

Seaboard National 8 ank.......................................
Parson, Loach A C o . . . . - . - . - . . . . . . . - . ................do do
......................................................
do tin
....................
do do
..............................................
L. W. Morri . - n .................................
Blake I!r-s.

Daniel A. Moran A C o............................................
East RSwr Savings Institution...........................
A. P. C obb.................................................................

100,000
400,000
400,000
400,000
170,421
100,000
l .O M h i i .

130,000
100,000
250,000

103-00
103*77
103-90
104-21
104-55
102-375
1 " : 17

101-179
101-30
100-00

Total o f bids...................................................... $1,230,421

The bonds were awarded to Messrs. Farson, Leach & Co., as
we reported last week. Interest on the loan will be payable
semi-annually in May and November. The securities are a
legal investment for executors, administrators, guardians and
other- holding trust funds in the State of New York. They
are baued for the payment of the awards for land in the
Seventh Ward purchased for street opening and improvement
and to acquire title to certain lands required for a public park tg
at or near Corlears Hook.
Northampton. M ass,— (S t a t e a n d C i t y S u p p l e m e n t , p a g e
8 A. F i-trt - A Co., o f Indianapolis ............ .................... ...$ 9,93 0 00
38,)—Proposals will be received until May 7 by Geo. W .
9S s *»»|Iskkj4 v Mayer, ■’ I' •- t, n s r: _
___________ . . . . . 5 ,TUI 58
lark, City Treasurer, for the purchase of §100,000 of 4 per
N . vv ( i ,,-f , »• • . , f (.*}, . , _
. . . . . . . . . _____ . . . . . . . . . . . . 3 , 0 3 7 0 0
cent 15-year water bonds, dated May 1, 1894. Interest will
In'lhVhiK-v i I r : . - ■, . o f : • * • ! ! : , 6 , 4 1 5 0 0
Brewster, Cobh A- I-:-•
o f Boston....... .......... .................... 7.605 00
be payable semi-annually on May 1 "and November 1 at the
t iL r l X i i - . i i K o f H e a t o n ......___ . . . . . . . . . . . . . . . . . . . 4,555 0 0 *ilobe National Baak, Boston, Mass., both principal and in­
Fftr.<Mjo, ts-itrh A Co., o f C hicago.................................................... 4,500 00
O vn B to A M ttn h vM tm u it Co,,*of New York................ 3,750 00 terest to he payable in gold.

THE CHRONICLE.

788

Northumberland County, Pa.—Four per cent bridge bonds
of this county will be offered at public sale on May 12.
Philadelphia, Pa.—(State and City Supplement, page
69.)—On May 1st a serial loan of the city of Philadelphia
amounting to $1,100,000 was awarded jointly to Messrs.
Drexel & Co. and Brown Brothers & Co., on the understand­
ing that the bonds should bear A y per cent interest, the
prices ranging from 100-035 to 100 094.
The loan is divided into twenty series of $55,000 each, series
“ A ” being payable December 31, 1904, and one series each
succeeding year thereafter until December 31, 1923.
The bonds are fr> e from all taxes and interest will be pay­
able on the first day of January and July in each year.
Poitsmoutli, N. II.—(State and City S upplement, page
15.)—Proposals will be received until May 12 at the office of
Chas. P. Berry, Mayor, for the purchase of $40,000 of
municipal bonds. The loan is dated May 1, 1894, and will be
payable May 1, 1914. Interest at the rate of 4 per cent will
be payable semi-annually at the National Hide & Leather
Bank, Boston, Mass., or at the City Treasurer’s office, at the
option of the purchaser.
Rensselaer County, N. Y.—(State and City Supplement,
page 53.)—Sealed proposals will be received until May 15 by
David Morey, County Treasurer, for the purchase of $90,000
of new court-house bonds, bearing interest at the rate of A y
per cent, payable semi-annually on April 1 and October 1, and
maturing at the rate of $6,000 yearly from April 1, 1896, to
April 1, 1910. The bonds will be registered and will be de­
livered May 16.
The above mentioned loan is the first series of an author­
ized issue of $315,000. Tbe amount of the second series will
be $120,000, dated April 1, 1895, and maturing at the rate of
$6,000 yearly from April 1, 1911, to April 1, 1930. The third
and last series will be for the sum of $105,000, of which
amount $7,000 will mature yearly from April 1, 1931, to April

1, 1948. None of these bonds will be renewed when d u e; a
special tax will be levied annually sufficient to pay principal
and interest.
Roekport, Mass.—It is reported that $100,000 of water­
works bonds have been voted.
Sheboygan, Wis.—(State and City Supplement, page
105.)—Two propositions to issue railroad aid bonds are before
the Sheboygan Common Council. Tbe first was from the
Sheboygan St. Paul & Central RR., offering to build a road to
the St. Paul line if the city will issue $50,000 20-year 4 per
cent bonds for the same amount of stock. This proposition is
made by Chicago capitalists, who propose to build to Schlesingerville on the Wisconsin Central line if no suitable traffic
arrangement can be made with the St. Paul. The second
proposition is by Sheboygan people, who offer to build from
Waldo if the city will give $50,000 20-year 4y per cent bonds.
This latter is designed only as a St. Paul system branch.
Tennessee.—(State and City Supplement, page 160.)—It is
reported that Messrs. Latham, Alexander & Co., fiscal agents
of the State of Tennessee, have sold to Messrs. Blair & Co.
$1,000,000 of \y2 per cent Tennessee State bonds. These bonds
were authorized by the last session of the Tennessee Legisla­
ture to refund the outstanding 5 and 6 per cent bonds. The
last named are not yet due, but are subject to call by the
State on 60 days’ notice, and the call will at once be made.
The maximum rate of interest on the State debt will then be
reduced to
Per cent, and the aggregate interest charges
thereby greatly lessened.
Toledo, Ohio.—(State and Cit y Supplement , page 84.)—
School bonds to the am ount of $50,000 w ill soon be issued.

Waverly, Ohio.—Electric-light bonds of Waverly to the
amount of $15,000 have been voted. When and where bonds
I and interest will be payable, also rate of interest, have not as
I yet been determined. The city has at present no debt of any

N EW LOANS.

NEW LOANS.

C IT Y O F_SJ. LOUIS.

$ 1 ,5 0 0 ,0 0 0

Proposals for Four per cent 20-year Gold
Renewal Bonds.
Ma y o r ’ s Of f ic e ,

?

S t . L o u i s , a p r il 5 t h , 1894. S
B y v ir t u e o f O r d in a n c e N o . 17,445 a u t h o r iz in g t h e
Issu e a n d s a le o f r e n e w a l b o n d s o f t h e C ity o f St.
L o u is , s e a le d r o p o s a ls f o r t h e p u r c n a s e o f t w o m il­
li o n d o lla r s ($ 2,000,000) o r f o u r h u n d r e d e le v e n t h o u ­
s a n d p o u n d s s t e r li n g (£ 4 1 l,u 0 0 ) in s a id b o n d s , h e r e ­
in a f t e r d e s c r ib e d , o r a n y p o r t io n t h e r e o f , w ill b e r e ­
c e i v e d a t t h e M a y o r ’ s o ffic e , in t h e C ity o f St. L o u is ,
u n t il 12 o ’ c l o c k n o o n , o f t h e 1 2th d a y o f M a y , 1894,
a n d p u b lic ly o p e n e d b y t h e u n d e r s ig n e d a t s a id
p la c e a n d h o u r .
S a id b o n d s w ill b e d a t e d J u n e 1 st, 1894, a n d w ill
e a c h b e o f t h e den< m in a t io n o f $ l,0 n 0 U n it e d 8 t a t e s
g o l d c o in , o r £ 1 0 0 S t e r lin g , a s t h e b id d e r m a y e le c t ,
p a y a b le t w e n t y (2 0 ) y e a r s a f t e r t h e i r d a t e , a n d w ill
b e a r i n t e r e s t f r o m t h e ir d a t e a t t h e r a ce o f (4) p e r
cen t per annum .
S e m i-a n n u a l in t e r e s t c o u p o n s
p a y a b le o n t h e 1 st d a y o f J u n e a n d D e c e m b e r r e ­
s p e c t i v e l y w ill b e a t t a c h e d t o e a c h b o n d . T h e b o n d s
n d c o u p o n s w ill b e m a d e p a y a b le a s f o l l o w s : I f
b e b o n d s a r e o f t h e d e n o m i n a t io n o f $1,000 U. S.
gohd c o i n , t h e n t h e p r in c ip a l a n d in t e r e s t t h e r e o f
w ill b e p a id a t t h e o p t i o n o f t h e h o l d e r , e it h e r a t t h e
N A T I O N A L B A N K • F C O M M E R C E IN N E W
Y O R K , in U n it e d S ta te s g o ld c o i n , o r a t t h e o ffic e o f
t h e N a t io n a l B a n k o f S c o t la n d , L im it e d , 37 N ic h o la s
L a n e , L o n d o n , E n g la n d , in S t e r lin g a t r a t e o f
fA 8605 p e r p o u n d S t e r lin g , a n d i f t h e b o n d s a r e o f
f i e d e n o m in a t io n o f £ 1 0 0 S t e r lin g , t h e n t h e p r in c i­
p a l a n d in t e r e s t t h e r e o f w ill b e p a id a t t h e o p t i o n o f
f i e h o ld e r , e it h e r a t t h e o ffic e o r t h e N a t io n a l B a n k
o f S c o t la n d . L im it e d , 37 N ic h o la s L a n e , L o n d o n ,
E n g la n d , in p o u n d s S t e r lin g , .or a t t h e N A T I O N A L
B A N K O F C O M M E R C E IN N E W Y O R K , in U n it e d
S t a te s g o ld c o i n a t t h e r a t e o f $4 8665 p e r p o u n d
S t e r lin g . T h e b o n d s w ill c o n t a in t h e c o n d i t i o n ch a t
in p a y m e n t s o f t h e p r in c ip a l a n d in t e r e s t t h e r e o f ,
t h e U n it e d M a t e s G o ld D o ll a r a n d P o u n d S t e r lin g
w ill b e c a lc u la t e d a t t h e p r e s e n t s t a n d a r d w e ig h t
a n d fin e n e s s . T h e b o n d s m a y b e e x c h a n g e d f o r
r e g is t e r e d b o n d s a t a n y t im e .
B id d e r s a r e r e q u e s t e d t o s t a t e in t h e ir p r o p o s a ls
t h e p r ic e o ff e r e d p e r b o n d , t h e p a r, p r e m iu m a n d
a c c r u e d in t e r e s t t o b e e m b r a c e d in o n e a m o u n t .
P r o p o s a ls m u s t b e a c c o m p a n i e d b y a d e p o s i t o f
c a s h o r c e r t ifie d c h e c k , p a y a b le t o t h e o r d e r o f t h e
C o m p t r o lle r (a n d s u b j e c t t o h is a p p r o v a l ), e q u a l t o
fiv e (6 ) p e r c e n t o f t h e n o m in a l a m o u n t o f t h e b o n d s
b id f o r ; sa id d e p o s i t t o b e r e t u r n e d i f t h e p r o p o s a l
is n o t a c c e p t e d , o t h e r w i s e t o b e h e l d s u b j e c t t o f o r ­
f e i t u r e t o t h e c i t y in t h e e v e n t o f f a il u r e o n t h e
p a r t o f t h e b id d e r t o c o m p ly w it h h i s p r o p o s a l, o r in
c a s e o f c o m p li a n c e t o b e r e t a in e d a s p a r t o f t h e
p u r c h a s e m o n e y . A d e p o s i t in t h e r e q u ir e d a m o u n t
i o t h e c r e d it o f t h e C it y o f S t. L o u is , in t h e N A ­
T I O N A L B A N K O F C O M M E R C E IN N E W Y O R K ,
o r a t t h e o ffic e o f t h e N 1 T I O N A L B A N K O F S C O T ­
L A N D , L I M I T K D , L O N D O N , E N G L A N D , w ill b e
a c c e p t e d a s f u l l c o m p li a n c e w it h t h e r e q u ir e m e n t s
r e la t in g t o d e p o s it s . N o I n t e r e s t w il l b e a llo w e d o n
e a r n e s t m o n e y d e p o s it e d b y t h e s u c c e s s fu l b id d e r .
A l l p r o p o s a ls w ill b e s u b j e c t t o t h e c o n d it i o n s a n d
r e s e r v a t i o n s o f t h is a d v e r t is e m e n t , a n d m u s t r e f e r
t o s a m e a s a p o r t io n o f t h e a g r e e m e n t o n t h e p a r t o f
t h e b id d e r .
T h e a w a r d s w ill b e s u b j e c t t o t h e a p p r o v a l o f t h e
C o m m it t e e o n W a y s a n d M e a n s o f b o t h b r a n c h e s o f
t h e M u n ic ip a l A s s e m b ly .
T h e b o n d s w ill b e d e l iv e r e d a g a in s t p a y m e n t
^ t h e r e fo r in c u r r e n t fu n d s , a t t h e o ff ic e o f t h e C o m p ­
t r o l le r in t h e ( it y o f St. L o u is , o n t h e 2 7 th d a y o f
J u n e , 1894. o r . I f t h e b id d e r s o e le c t s In h is p r o p o s a l,
a t t h e N a t io n a l B a n k o f C o m m e r c e in N e w Y o r k , o n
t h e 2 9th d a y o f J u t e , 1894.
T h e u n d e r s ig n e d r e s e r v e t h e r i g h t t o r e j e c t a n y
a n d a ll b id s .
P r o p o s a l s s h o u l d b e a d d r e s s e d t o t h e u n d e r s ig n e d
a n d in d o r s e d “ P r o p o s a ls f o r P u r c h a s e o f S t. L o u is
C ity B o n d s .”
A s a m p le b o n d ca n b e s e e n a n d f u r t h e r in f o r m a ­
t io n o b t a in e d a t t h e o ff ic e o f t h e C o m p t r o lle r o f t h e
C it y o f S t. L o u is .
C. P . W A L B R I D G E , M a y or.
I S A A C H . S T U R G E O N , C o m p t r o lle r .

fVoL, l v i i i .

N EW LOANS.

RHODE ISLAND STATE MUNICIPAL BONDS
31
2% Gold Bonds.
FOR INVESTMENT.
M a tu rin g 1 9 0 4 , 1 9 1 4 ,? 1 9 2 4 a n d , 1 9 3 4 .
T h e s e b o n d s a r e a le g a l in v e s t m e n t f o r b a n k s a n d
s a v in g s in s t it u t i o n s in t h e S t a t e o f N e w Y o r k .
P R IC E

AND

FURTHER
P A R T IC U L A R S
A P P L IC A T IO N .

FOR

SALE

ON

P A R T IC U L A R S

KUHN, LO EB

&

CO.,

M EM BERS OF T H E N E W Y O R K AN D

2 7 & 2 9 P IN E S T R E E T .

t

UPON A P P L I C A T I O N .

BY
BOSTON

STOCK EXC H A N G E S.
D E A L E R S IN

BOND SALE.

C O M M E R C IA L P A P E R .

St.

J o h n s , M i c h i g a n , w il l s e ll $10,000 o f 5 p e r
c e n t S e w e r B o n d s t o t h e h i g h e s t b id d e r . B i d s t o b e
o p e n e d M a y 14, 1§94, a t 7'bO P . M ., a t t h e c o u n c i l r o o m in S t. J o h n s . T h e r i g h t Is r e s e r v e d t o r e j e c t
a n y o r a ll b id s . F,pr c ir c u la r o f in f o r m a t io n a d d r e s s ,
D E W I T T H . H U N T , C le rk ,
S t. J o h n s , M ic h ig a n .

Blake

6% and 7% Gold Mort^a^es.
I n t e r e s t A l lo w e d f r o m

Brothers

28

STATE

5

N ASSAU

&

STREET,
S T .,

C o .,

BOSTON.

NEW

YORK.

D a t e o f R e c e ip t o f M o n e y

E. S. DREYER & CO.,
M o rtg a g e B a n k e rs ,

-

C H IC A G O , I L L

F ir s t M o r t g a g e L o a n s o n I m p r o v e d P r o d u c t i v e
R e a l E s ta t e C e n t r a lly L o c a t e d .

30 Y e a r s B u siness W it h o u t L oss

to I n v esto rs
A d d r e s s a ll c o m m u n i c a t io n s t o E a s t e r n O ffice

N ew Y ork State Bonds.

A s to r B u ild in g , 9 P in e S treet, N ew Y o i i

W E B U Y AN D SELL

Edward M orton & C o .,

CITY COUNTY AND SCHOOL BONDS

53 Broadway, New York.

IN THIS STATE.

S p e c ia ltie s :

CORRESPON DENCE

S O L IC IT E D .

I t lllN I C I P A L ,
S T R E E T

RANK

It A l l. W A V
a n d

B O N D I

Farson, Leach & C o .,

STOCKS.

2 W ALL

R ic h a r d P r ic e M o r g a n .
E d w a r d R. Mo r g a n .
D w ig h t C. M o r g a n

Rich. P. Morgan & Sons,

W.

Hayes

&

Sons,

BAN KERS,

R A IL W A Y EXPERTS.

Dealers in MUNICIPAL BONDS.

D W IG H T , IL L IN O IS , U. S. A .
H a v in g e x t e n d e d e x p e r ie n c e In t h e c o n s t r u c t i o n
a n d o p e r a t i o n o f r a ilw a y s , w e o ffe r o u r s e r v i c e s as
I n d e p e n d e n t E x p e r t s t o e x a m in e a n d r e p o r t
u p o n t h e c h a r a c t e r a n d Co n d it io n op th e Con ­
stru ction a n d E q u ipm e n t o f R a i l w a y s a n d a ls o
t h e ir Sa fe N et E a r n in g Ca p a c it y .
W e have
e x a m i n e d f o r c a p it a lis t s a n d r e p o r t e d s e p a r a te ly
u p o n n e a r l y a ll o f t h e p r in c ip a l r a ilr o a d s w e s t o f
C h ic a g o b e t w e e n C a n a d a a n d M e x ic o

J.

ST.

S t r e e t R a ilw a y B o n d s a n d o t h e r h ig h g r a d e in*
v estm en ts.

3 1 1 -3 1 3 S u p e rio r St.,nd
V

Exchange

P la c e .
B o s to n .

10 Wall Street,
New York,

C a b le A d d r e s s , “ K E N N E T H . ”

THE CHH0N1CLE.

Ma y 5, 1894.]

kind and its assessed valuation (which is 60 per cent of actual
value) for 1893 of real estate was §312,890, personal property
§242,460, total §-555,350; total tax rate per §1,000 §24 90.

789

This city is in Snohomish County.
Floating debt Mar. 1, *94 $30,000 |Total tax, per $ 1,000.......... $30-00
T ax valuation 1803.........3,017,044 Population in 1890 was
.
(i)
Assessment about >s actual value. I Population in 1880 was
(!)

Winchester, Mass,—(S t a t e a n d C i t y S u p p l e m e n t , page
32.)— Thomas S. Spurr, Town Treasurer, will receive proposals
Delaware, Ohio.—The following statement of debt, valua­
until May 15 for the purchase of §50,000 of 4 per cent sewer
bonds, maturing at the rate o f §10,000 yearly from December tion, etc,, has been corrected by means of a special report
1, 1918, to December 1, 1922.
to the C h r o n i c l e from City Treasurer 0. B. Adams. The
report has been received since the pages of our last State and
City Supplement were sent to press.
' ATE and c ity d e b t changes .
The city of Delaware is the capital of the county of the
We subjoin reports as to municipal debts received since tb. same Dame.
last publication o f our State and Cit y Supplement
Som e of. these reports are wholly new and others cover itemt
of information additional to those given in the S upplement j
and o f interest to investors.

LOANS—
When Due.
Citv H all B onds—
6s, MAN, $25,000. ..N ov . 1 5 ,1 8 9 3
($5,000 due y’rly) to Nov. 15, 1897
6s, MAN. $20,000.. .Nov. 15,1808
($5,000 due y'rly) to Nov. 15, 1901
S t r e e t I mp . B o n d s (S p e c ia l )—
6s, Dec. 1, $1,000....... Dec. 1 ,1 8 9 4

AUWtl UCLUi JUU, j . , ______

w

4,318
Sinking fu n d ...................
Net-debt A pr. 1, 1894..
50,960
Tax valuation, 1893
4,000,200
Assessment about % actual value.
Total t a x (per $ 1 .00 0 )..
$25-00
Population in 1890 w as......... 8,224
Population to 1880 w as......... 6,894

Bellevue, Ky —(S t a t e a n d C i t y S u p p l e m e n t , page 157.)—
C. W . Nagel, Mayor, The following financial statement has
INTEREST—WHERE PAYABLE.—Interest on the City Hall bonds
been corrected by means o f a special report to the C h r o n ic l e is payable at the Fourth National Bank, New York; on other bonds at
from City Clerk Charles S. Harrison, received since the pages the Delaware County National Bank, Delaware, O.
of our last State and City Supplement were sent to press.
Watertown, N . Y.—S t a t e a n d C i t y S u p p l e m e n t , page 58.)
This city is in Campbell County.
LOANS—
iWMMtl. Tax valuation *93& '94.$1,500,000 —H. F. Inglehart, Mayor. W e give below a statement of the
StreetImptuvem**bonds..$102,200 1 Aueeament la % actual value.
financial condition of Watertown, which has been corrected
School bonds iSeries Q.
16,000 i State* tax (per # 1 ,0 0 0 ) ............83-00
Total debt Jan. 1.13W
112,200 j City tax (per 8 1 .0 0 0 , ........ . . . 13-50
by means o f a special report to the C h r o n i c l e from City
Sinking fund..................... 26,300 1Population In I WO was........3,168
Treasurer C. R. Murray.
Net debt Jan. I , 1894—
85,700 1Population In 1380 w a s........1,460
This city is in Jefferson County.
O P T I O N A L .—The city's bonds are subject to call before maturity.
T A X F R E E .—All bonds issued by the city are exempt from taxa­

LO ANSWhen Due. Floating debt.................
$40,000
City B onds —
Water debt (additional)
235,000
3% & 4s, $8 6,00 0..O ct. 1,*94 to ’ 16 T ax valuation, real....... 6,243,125
Wa t e r B onds —
T ax valuation, personal 1,882,486
7s, MAS. $50,000.......P art yearly Total valuation 1 8 9 3 ... 8,125,611
5 a, MAS, 45,000.......Part yearly Assessment about % actual value.
4s, MAS, 8 5 ,0 0 0 .....Part yearly Total tax (per $ 1,000)......... $19-00
3 V>, MAS. 1 8 ,0 0 0 -.'.P a r t yearly Population in 1890 was___ 14,725
3s. MAS. 1D.000...... Part yearly Population in 1880 w a s ....1 0,69 7
Bonded debt Apr. 1,’91.
$86,000

tion.
Everett, Wash.—N. D. Walling, Mayor, W e give below
a statement of the financial condition of Everett, which has
been sent to us by S. E. Thayer, City Treasurer. A recent
election to vote on issuing 6 per cent 20-year water bonds re­
sulted in the defeat of the proposition.

B A N K S
D e e t r la * c h o ic e a b o r t - t i m e c i t y
m ortga ge R a ilr o a d

B ond*,

and

n e t t in g

C H IC A G O .

M IS C ELLANEOUS.

M ISCELLANEO US.

Oral
fr o m

C ity

of Brooklyn,

4 s , Title Guarantee 8c Trust

C ity

o f Yonkers,

4s.
OF

3 p e r c e n t t o 1 p e r c e n t , t o t a k e t h e p la c e
o f c o m m e r c i a l p a p e r , a r e I n v it e d t o w r it e
o r t e le g r a p h f o r i ! « t » a n d p r ic e s .

C. H. W H I T E So CO.,
HANKERS
73 B R O A D W A Y ,

-

TEXAS.
MO

«

PRAYCIS SM IT H * t o . ,

SEW YOU K

In v e s tm e n t B a n k e r s ,
C in cin n a ti. O h io.

Choice Investment Bonds o f Cities,

W-M,
Wfft

O d e r * in v e n t o r * In r e a l e o ta tn » e o u r lt l e «
p r o t e c t io n a ffo r d e d b r n o o t h e r « y « te m o f
d o in g b a d n e u .
In *aLhori*«4 by law to act u Reglttrar o f Stock*
end Bond*. Executor, R eceiver end Traxtee for
K*Ute*. Syndicate*. Individual* and Corporation*.
T rait money* and trust *e<rarWei kept *eparate
front the a**et* o f the Company.

C O R R E S P O N D E N C E S O L JC 1T B D .

CHICAGO.

&&WWMWm*
Mmmi B u l t l n a r e S t r e e t , B a l d m e r e ,
im dmmItnre in all rf—aet 91
wrath «rr* Bonds* ijmnM cm Gdfhkter&J SiflsafIMe#

A, H. SELLERS, VK»-President.
ARCHIBALD A. STEWART, Secretary.
CHA8. U. LAURA BEK. !
FRANK U. SELLERS, Trust 0*oer.
u i 3 *CTOK 8 :
Ot n s Garnett,
ObJM*
Cha*. W.
W.Drew,

L IST S MAILED UPON APPLICATION.

Mttm bmtMo f BAU m m v 8t/xjk Uxcbmasstk

Ifirwixaent end ML*<*ilan#oa• HecnritiM * $p*c

OFFICERS:
0 WYNN GARNETT, President,

w o son, Colston Sc C o .
■ ; & $ £ & whole Mta«*

W. D . Kerfoot,

Horace O. Chase.
John G. SbortalL
John D*Kov

Jamieson 6c Co.,
tm

B O N D AND S T O C K D E A L E R S

COUNSEL:

Loeb

So

Gatzert,

John P. W!l»on*
A. M. Penoe,

1 3 5 I,A S A L L E

Us

*0 Banka, Bantom ikrak Bmkffi* and Cm-

im m mmpimm <m&$mo f Amount Book#

Maw dondSr&i mw&aMmg will fears

the!

Ao. 1 W I L L I A M S T R E E T .

P r i n c ip a l a n d I n t e r e e t p a r a b l e In G o l d .

S

TO

OF

6%

CITY, CEO. A. LEWIS «< CO,, Banker*
COUNTY

SCHOOL

132 LA SALLE STREET,
8 K S D P O K M S T 8,

$< C O , i

134 I jR Salle Street, - Chicago, 111.
A. O. SLAUGHTER, M em ber N. Y. Stock Exchange
WM. V. BAKER, M em ber Chicago Stock Kxohanga

A. O. Slaughter 6c Co ,

COBRBSPONOKNCB SOLICITED.

BONDS “

SUCCESSOR TO

SCHAFFNER

COMMERCIAL PAPER,

STREET, C H I C A G O .

AN INCOMB

A. G. Becker,
HERMAN

W H IT E ,

m a m m s . colb,
S T A T IO N E R S A N © F H IN T E R S ,

1 iNkn&jtitf cnMiM,

6c

M 0R T1U D E BANKERS,

( 0 { P I N E S T R E E T , S T . L O U S , JIO

SEARS

DEARBORN STREET,
C h ic a g o , I lia ,

Private wire to Mew York and Philadelphia.

W e bay and will oatiigut ail W mtmm

Maslelpal Bead*, and gteekiL Wi
efeecrffilly famish fall and rtUMle SnfmmAitm mnmmtng mtir wmtkm #*faritf wiysorsl eljirs®. SS*>«shl3f qootaUonilfenlar mallta id all eppIMaraLs.
Mmwimumoi
btmmitistid.

A^iseUeS®*

* Samuel B. Cha*e,

S T O C K S —B O M B S ,
taifesrs Mew York and Chicago Stock Exchange#.

Geo. M , Huston 8c C o .

3 3 0 ,0 0 0
3 0 0 ,0 0 0

GUARANTEES TITLES TO R EAL ESTATE.
MAKES ABSTRACTS OF TITLE .

Counties and School Districts.

» A S A N T O N IO , T E X A S .

■*

U ndivided earn in g *. Including
•o r p in * ...........................................
D epo*lt*d w ith S la te A u d ito r . .

Rudolph Kieybolte So Co.,
3 0 W e t l T h ir d S treet.

f Per Ceei «n4 3 Per Cent Met.
C
O
eh*r**d tmmrmnt or !eu 4«r
ttsti'l ieadst ftiw
gmA

WtMdJkM W
M§©3f%
WHMiM OQtm&Sf A Co-

C a p it a l, p a id -u p ............................8 1 ,6 6 0 ,0 0 0

Street, Wykes 80 Co.,

YORK

M O R T G A G E LO A N S

C H IC A G O ,

0 3 . f»4 dfc 9 6 W A S H IN G T O N S T R E E T .

P a r tic u la r* upon A p p lic a tio n .

I t 4V A 1.1. S T MEET ,

IS R W

Company

CHICAGO.

H ANKERS,
1 1 1 -1 1 3 LA S A L L E S T R E E T ,

C H I C A G O , IL L S .
C h ic a g o S e o tir lt le a B o u g h t a n d S o ld .

THE CHRONICLE.

790

[Vol. LVII1,

g v n st Com panies.
Union Trust

Company United States Trust C o .
4 5 and 4 7 Wall 8treet.

A M E R IC A N

80 Broadway, New York.

C A P IT A L . . . . . . .
$ 1 ,0 0 0 ,0 0 0
S U R P L U S ................................ $ 4 ,6 0 0 ,0 0 0
Authorised to act as Executor, Administrator,
Quardian, Receiver or Trustee, and Is
A LE G A L DEPOSITORY FOR MONEY.
A cts as Trustee o f mortgages o f corporations, and
accepts the transfer agency und registry e f stocks.
Allows Interest on deposits, which may be made at
anytim e, and withdrawn on five days’ notice, with
Interest for the whole tim e they remain with the
company.
For the convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Clearing House.
Attends specially to the MANAGEMENT OF
R E A L ESTATE and to the collection and remit­
tance o f rents.
It makes ample provision in its
NEW BURGLAR AND FIRE PROOF VAULTS
fo r the safe keeping o f securities placed in its cus­
tody, on which it collects and remits income.
TRUSTEES*
H . Van Rennsl’r Kennedy*
Wm. Whitewright,
James n . Ogilvie,
R . T. Wilson,
James T. Woodward,
W m. F. Russell,
C. Vanderbilt,
C. D. W ood.
G. G. Williams,
James N. Platt,
R. G. Remsen,
D. C. Hays,
Amasa J. Parker,
W m . Alex. Duer,
8amuel F. Barger,
Charles H. Leland,
Robert Goelet,
Edward King,
W . Emlen Roosevelt,
E. B. Wesley,
Chauncy M. Depew.
D. H. McAlpin,
George B. Carhart
EXECUTIVE COMMITTEES
W m. W hltewright,
E. B. Wesley,
D. O. HayB,
C. D. W ood,
W m . A . Djier,
James T. Woodward,
G. G. Williams
W . Emlen Roosevelt.
E D W AR D KING, President.
C O M K L IU S D._ WOOD, i vioe-Presidents.
JAMES H. OGILVIE, u' J vice-P
AUGUSTU8 W . KELLEY,
jEY, Secretary.
Secr<
J. V. B. T H A Y E R Assistant Secretary.

ManhattanTrustCompany.
C A P IT A L .................................S I , 0 0 0 ,0 0 0 .
CORNER OF WALL & NASSAU STREETS.

A L e g a l D e p o sito r y fo r C o u r t a n d T ru st
F und* au d G e u e ra l D e p o s its .
L ib e r a l R a t e s o f In te re st p a id on B a la n ce s,

John I. Waterbury, President.
John Kean, Jr.,Vice-Pres. Amos T. French, 2d V-Pres.
Chas. H. Smith, Sec’y. W.Pierson Hamilton,Treas.
Directors 1894:
August Belmont,
John Kean, Jr.,
H. W. Cannon,
John Howard Latham,
R. J. Cross,
John G. Moore,
Rudulpli Ellis,
E. D. Randolph,
John R. Ford,
James O. Sheldon,
Amos T. French,
Edward Tuck,
John N. A .Griswold,
John I. Waterbury,
H. L. Higginson,_________ R. T. Wilson.____________

Mississippi Valley Trust
Com pany,

C A P IT A L

TEN

AND

SU RPLU S,

MILLION DOLLARS.

This oompany is a legal depository fo r moneys
■‘ Into court, —
and is authorised to act as guardian,
guardian.
paid___________
trustee or executor.
INTEREST ALLOW ED ON DHP08IT8
whloh may be made at any time and withdrawn after
five days’ notioe, and will be entitled to interest for
the whole time they may remain with the oompany,
Executors, Administrators or Trustees o f Estates,
Religious and Benevolent Institutions and indi­
viduals will find this Company a convenient de­
pository for money.
JOHN A . STEW A RT, President.
GEORGE BLISS, Vice-President.
JAMES S. CLARK .Second Vice-Pres’t.
HENRY L. THOUNELL, Secretary.
LOUIS G. HAMPTON, Assistant Secretary.
TRUSTEES:

Daniel D. Lord,
Samuel Sloan,
James Low
W m. W . Phelps,
D. Willis James,
John A . Stewart,
Jno. H. Rhoades,
A nson P. gtr>v««.

New

George Bliss,
Wm. Libbey,
John C. Brown,
Edward Cooper,
W . B’y’d Cutting,
Chas. S. 8mlth,
W m.Rockefeller,
Alex. H. Orr,

Wm.H. Macy,Jr.,
W m. D. Sloane,
G. H. 8chwab,
Frank Lyman,
Geo. F. Vietor,
W . Wald. Astor,
James Stillman.

Y ork Guaranty &
Indem nity C o .,

5 9 T O 65 C E D A R STRE E T, X. Y .
M u tu a l L ife B u ild in g .

CAPITAL, - - §2,000,000
SURPLUS, - - 81,000,000
In addition to its special charter privileges, this
Company possesses al 1the powers o f Trust Compa­
nies under the New Y ork Banking Laws; acts as
Trustee f o r Corporations, firms, and individuals, as
Executor or Administrator o f estates, and is a legal
depository o f trust funds.
INTEREST ALLOWED ON DEPOSITS,
WALTER G. OAKMAN, President.
ADRIAN ISELIN, J r., Vice-President.
GEORGE R. TURNBULL, 2d Vice-President.
HENRY A. MURRAY, Treas. and Sec.
J. NELSON BORLAND, Assist. Treas. and Sec.
DIRECTORS.
Samuel D. Babcock,
Augustus D. Jnllliard,
George F. Baker,
James N. Jarvie.
Frederic Cromwell,
Richard A. McCurdy,
W alter R. Gillette,
Walter G. Oakman,
Robert Goelet,
Alexander E. Orr,
George Griswold Haven, Henry H. Rogers,
Oliver Harriman,
Henry W . Smith,
R. Somers Hayes,
H. McK. Twombly.
Charles R. Henderson,
Frederick W . Vanderbilt,
Adrian Iselin, Jr.,
William C. Whitney,
J. Hood Wright.

803 N. 4th Street, St. Louis, Mo.
C a p ita l an d S u r p lu s ....,........... S 3 ,0 0 0 ,0 0 0

'S t n i t e i l

S ta tes

UNDER STATE SUPERVISION.

8 2 0 0 ,0 0 0 d e p o site d w ith S ta te O fficer to
p ro te c t tr u s t l ia b ilit ie s .
A GENERAL TRUST COMPANY BUSINESS.
Allows Interest on Deposits.
Authorized to act as Executor. Guardian, R eceiver
Trustee, &c. Manages Estates. CoUeetsRents.
Becomes Surety on ail kinds o f Court Bonds.
Has Safety Deposit Vaults; a Savings Department.
INVESTMENT SECURITIES A SPECIALTY.
DIRECTORS.
Charles Clark,
Geo. H . Goddard,
T hos.T . Turner, John D. Perry James Campbell'
Wm- F. Nolker J.T.Drummond, A ugust Gehner,
r. O’Reilly, M.D., S. E. Hoffman, Julius 8. Walsh,
Bam.M.Kennard, D. W . Caruth, Williamson Bacon,
Aug. B. Ewing, Thos. B. Tutt, Breckinridge Jones,
Elmer B. Adams, David R.Francis, Henry Hitchcock.
OFFICERS,
TOUTS 8. W a l s h , President.
D a v i d R. F u a n c is , 1 st Vice-President.
Br e c k in r id g e J ones, 2d Vice-Pres’t.
D e L a c y Ch a n d l e r , Secretary

St. Louis Trust C o .,
C O R N E R 4 th A N D L O C U S T S T R E E T S ,

St. L o u is , M o .
C a p ita l an d S u rp lu s,
D IR E C T O R S *
John T. Davis,
Daniel Catlin,
Sam’l W. Fordyce,
Adolphus Busch,
Henry C. Haarstick,
W m. L. Huse,
Chas. D. McLure,

$ 3 ,0 0 0 ,0 0

Alvah Mansur,
Edward S. Rowse.
Jno. A. Scudder,
Edward C. Simmons,
Edwin O. Stanar i,
J. C. Van Blarcom,
Edwards Whitaker.
THOS. H . WEST, President.
JOHN D. FILLEY, Secretary.
A . C. STEW ART, Counsel.
Executes Trusts o f every description' Acts as
Registar Transfer Agent, etc.

P o r t g a jf

G jo m js m g ,

5 9 C E D A R S T ., N E W Y O R K .
C A P IT A L .
. . .
$ 2 ,0 0 0 ,0 0 0
SU RPLU S 6 0 0 ,0 0 0
T ra n sa cts a G e n e ra l T ru st B u sin ess.
A llo w s in te re st on D ep osits.
L o a n s m o n e y .o n B on d an d M o rtg a g e .
Issu e s F ir s t M o rtg a g e T ru st G old B on d s.
T a k e s e n tir e c h a rg e o f R e a l E sta te.
A cts a s T ru ste e , R e g is tr a r , T r a n s fe r Agt»
P a y s C oup ons. E x ecu tes a ll T ru s ts .
George W. Young, President.
Luther Kountze. V. Pres. James Timpson,2d V.Pres.
Arthur Turnbull, Treas. William P. Elliott, Sec.
Clark Williams. Ass’t Sec’ y & Treas.
E X E C U T IV E COMMITTEE.
Charles D. Dickey, Jr.
Gustav E. Kissel,
Theodore A. Havemeyer, Luther Kountze,
Charles R. Henderson,
James Timpson,
Richard A. McCurdy.
DIRECTORS.
Samuel D. Babcock,
W illiam Babcock, a. Frisco, Charlton T. LewlB,
Charles D. Dickey, Jr.,
Lewis May,
W illiam P. Dixon,
Theodore Morford,
Robert A. Granniss,
Richard A. McCurdy,
Theo. A. Havemeyer,
Robert Olyphant,
Charles R. Henderson,
Edwin Packard.
James J. Hill, St. Paul,
William W . Richards,
Gardinor G. Hubbard.
Jas. W Seymour, Jr*
Gustav E. Kissel,
James Timpson.
p oth er Kountze,_________ George W . Young. __

The American Debenture Go,
463 ROOKERY, CHICAGO,
43 THREADNEEDLE ST., LONDON.

C A P I T A L P A ID U P ,

-

$ 2 ,0 0 0 ,0 0 0

Issues Debenture Bonds secured by bonds o f Mu
nicipalities. Water, Gas aud Railway Companies.
Executes trusts from individuals and corpoortions. Acts as agent for the registration and trans­
fer o f bonds and stocks ana thi
payment o f
coupons interest and dividends.

LOAN

AND

OF NEW YO RK ,

TRUST

COM PANY,

B O S T O N , M ASS.
C A P IT A L ,
SU RPLU S,

-

-

$ 1 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0

A legal depository o f moneys paid Into Conn
and for Administrators, Executors, Guardian! and
Trustees
INTEREST A LLOW ED ON DEPOSITS.
Trustees under Mortgages, Transfer Agents and
Registrars o f Stock.
BOARD OF DIRECTORS.
John Q. Adams,
David P. Kimball
Oliver Ames,
George C. Lord,
Edwin F. Atkins,
William Minot, Jr.
Isaac T. Burr,
8. E. Peabody,
Samuel Carr.
A lbert A. Pope,
Benjamin P. Cheney,
Alexander H. Rloe
C. E. Cottlng,
N. W . Rice,
F. Gordon Dexter,
R. E. Robbins,
Henry D. Hyde,
W. B. Thomas.
8. ENDICOTT PEABODY, President.
N. W . JORDAN, Actuary.

E. A. COFFIN, Treasurer.

OLD

COLONY

TRUST

COM PANY.

BOSTON,

M ASS.

C a p ita l,
$ 1 ,0 0 0 ,0 0 0 0 0
S u r p lu s ,
5 0 0 ,0 0 0 0 0
T r a n s a c t s a G e n e ra l B a n k in g B u sin ess.
A L L O W 8 IN T E R E S T O N D A I L Y
TO

B A L A N C E S S U B JE C T

CHECK.

TRU 8TEE U N D E R M ORTGAGES.

TR A N SFE R AGENT

R E G IS T R A R .

BOARD OF DIRECTORS.
T. Jefferson Coolidge, J r„ P r e s id e n t.
Oliver Ames, 2d,
C. W . Amory,
Martin Brimmer,
T. Jefferson Coolidge
Chas. E. Cotting,
George F. Fabyan,
George P. Gardner,
Francis L. Higginson,
Henrv S. Howe,
W alter Hunnewell,
William P. Masota,
George v. L. Meyer,
Laurence Minot,
Richard Olney,
Henry R. Reed,
Nathaniel Thayer
Stephen M. W eld,
Henry C. Weston.
T. J effe rson Co olid g e , J r ., P r e s id en t .
Geo . P. Ga r d n e r , Gu r don A bb ott , V ice-P rcs't*.
C. S, T u c k e r m a n , V ic e -P r e s , a n d T reas.
K. A . P h ip p e n , S e c r e ta ry a n d A s s 't Treas.
J oseph G. St e a r n s A s s ’t Secretary

New

Y ork

Security &

Trust C o .,
46 W A L L STRE E T, NEW Y O R K .
C ap ita l, $ 1 ,0 0 0 ,0 0 0 I S u rp lu s, - 8 5 0 0 ,00C
U n d iv ided P rofits, $ 5 3 8 ,7 7 6 .
CHARLES 8. FAIRCH ILD, President.
WM. H . APPLETON, 1st Vice-Pres.
WM. L. STRONG, 2d Vlee-Pres.
JOHN L. LAM SON, Secretary.
ZE LA H V A N LOAN, Asst. Secretary.
Authorized to act as executor, trustee, adminlatra*
or, guardian, agent and receiver.
Receives deposits subject to sight drafts, allowing
aterest. A legal depositary for court and trust funds
A designated depositary fo r the reserve o f 8tate
oanks. Accounts o f banks and bankers solicited;
special rates o f interest allowed.
TRUSTEES.
C. S. Fairchild,
M. C. D. Borden, J.G. McCullough
W. H. Appleton, B. Aymar Sands, W m. H. Beers,
Wm. L. Strong, Janus J. Hill,
H. Hoagland,
E. N. Gibbs,
W. F. Buckley,
J.-W . Sterling,
5. G. Nelson,
F. R. Coudert,
H. Walter Webb
Wm. A . Booth,
James Stillman, John A. McCall
Edward Uhl,
James A. Blair.;

Knickerbocker
Trust Com pany,
2 3 4 F I F T H A Y E ., C O R . 2 7 T H S T R E E T .
Branch office, 18 W all St. and 3 Nassau St.

C A P I T A L A N D S U R P L U S , - $ 1 ,0 0 0 ,0 0 0
DESIGNATED LE G A L DEPOSITORY.
Acts as Executor or Administrator o f Estates and
as Guardian, Receiver, Registrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSEND, President.
CHARLES T. BARNEY, Vice President.
JOSEPH T. BROWN, 2d Vice-President.

D IR E C T O R S :
Joseph 8. Auerbach,
Harry B. Hollins,
Jacob Hays,
Charles T. Barney,
A. Foster Higgins,
Robert G. Remsen,
Henry W . T. Mali,
Andrew H. Sands,
James H. Breslin,
Gen. George J. Magee,
I. Townsend Borden,
Alfred L. White,

John S. Tilney
E. V. Loew,
Henry F. Dimock,
John P. Townsend,
Charles F. Watson,
David H. King, Jr.,
Frederick G. Bourne
Robert Maclay,
C. Lawrence Perkins.
Edward Wood,
W m. H. Beadleston,
Chas. R. Flint.
FRED’ K L. ELDRIDGE, Secretary.
J. H E N R Y TOWNSEND. Assist. Secretary