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HUNT’S
MERCHANTS’
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M AGAZINE,
liiM ts p a i» « * ,
REPRESENTING TH E IN D U ST R IA L A N D COMMERCIAL IN TERESTS OP TH E U N ITE D STATES.
[Entered aooording to Act of Congress, In the year 1892, by Wm. B. D ana & Co., In the Office of the Librarian o f Congress, Washington, D. O.]
ffiuanxial.
A M E R IC A N
B an k N ote C om pany,
78
TO
86 T R IN IT Y PLACE, *
NEW YORK.
B u s in e s s F o u n d e d 1 7 9 5 .
Xceorporated under Laws o f the State o f New York, IS IS .
R e o r g a n iz e d 1 8 7 9 .
E
ngravers a n d
P
îfitxauxial.
I fim m c ia l.
J . G. Zachry,
SO LID
S IL V E R .
G O R H A M M ’f ’g Co.,
Broadway & 19th St.,
r in t e r s o f
BONDS, POSTAGE & REVENUE STAM PS,
LEGAL TENDER AND NATIONAL BANK
NOTES Of the UNITED »TA TE S; and for
Foreign G overnm ents.
AND 9 MAIDEN LANE.
E N G R A V IN G A N D P R IN T IN G .
BAN K NOTES, SHAKE C E R TIFIC A TE S, BONKS
FOK GOVERNMENTS AND CORPORATIONS,
D R A F T S, CHECKS, BILLS OF EXCHANGE,
STAM PS, Jke., In the finest and moat artistic style
FR O M STEE L PLA TE S ,
The National Park Bank
o f New York.
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
S p ecia l p a p ers m a n u fa ctu re d e x clu siv e ly f o r
use o f th e C om p any.
SAFETY COLORS.
NO. 1,402.
N E W Y O R K , M A Y 7, 1892.
YO L. 54.
SAFETY PAPERS.
W ork Executed in F ire p roof Bnlldings.
LITHOGRAPHIC AND TYPE PRINTING.
H A IL W A Y T IC K E T S OF IM PRO V ED S TY LE S.
Show Cards, Labels, Calendars.
JAMES MACD0N0UGH, President.
AUG. D. SHEPARD,
I Vice-Presidents
T0UR0 ROBERTSON, f V 6 P^e8,aent,•
THEO. K. FREELAND, Sec’y and Treat.
JMO. E. CURRIER, Ass’t Sec’y.
J. ft. MYERS. Ass’t Treas.
BONDS,
Bailway and B eal Estate Securities
and Investments.
35 W A L L ST., M ILLS BUILDING,
NEW Y O R K .
Taintor & Holt,
BANKERS
No. 11 W all Street, Cor. New, New York,
TR AN SAC T A GE N ER A L B AN KIN G A N D STOCK
EXCH AN G E BUSINESS.
P rivate telegraph wlreB to P roviden ce and Borten
Capi tal ,
S u rp lu s,
.
-
.
-
.
-
$2 , 000, 000
$ 2 ,8 0 0 ,0 0 0
SUPERIOR COLLECTION FACILITIES.
BUY AND SELL FOREIGN EXCHANGE.
E X T E N S IV E S A F E T Y V A U L T S F O R
T H E CONVENIENCE OF D EPO S
IT O R S AN D IN V E STO R S.
E W Entrance only through the Bank.
G. B. TA IN T O R. G. D. L ’H U ILIER . G. H . H OLT
Gilman Son & Co.,
BAN KERS,
NO. 6 2 C E D A R S T R E E T .
In addition te a General Banking Business, Buy
mid Bell Governm ent Bonds and Investm ent Se-
Stewart B rown’ s S ons,
Members New Y ork Stock Exchange,
John L. Williams & Son,
BANKERS,
AN D DEALERS IN
S O U T H E R N IN V E S T M E N T S ,
R IC H M O N D , VA.
T r a n s a c t a G e n e r a l B a n k i n g B u s i n e s s . N e g o t ia t e
r . r . & M u n i c ip a l Lo a n s . C o r r e s p o n d e n c e I n v it e d .
Our
M A N U A L O F IN V E S T M E N T S
la rgest w ork o f the kind published b y an y B anking house in
A m erica, G ratis to clients <k correspond ents; tooth ers, $3 a copy
“ Most elaborate, handsomest and most useful work treating
upon Southern properties which ever came to notice.” —Boston
H erald, * “ Worth its weight in gold.” —Norfolk Landm ark,
1 Recognized as standard authority, and holds a high reputation
8
both in Europe and United States.
W ashington P ost, “ The
States, cities, railroads, and other properties o f the South are
described with a clearness and minuteness o f detail o f great Taint
to investors.” —N. 7 , Joum . o f Commerce. “ A complete financial
and industrial record o f the Southern States.” —N . O, Times-Dem.
“ We know of no other work to compare with this Manual for the ex
tant and variety o f information it oontaini.” —M oney, Lon., I n *
T H E F O U R T H N A T IO N A L
B A N K OF T H E C IT Y O F N E W
YORK
OFFERS
TO
DE
P O SITO R S E V E R Y F A C IL IT Y
W H I C H T H E I R B ALAN C ES,
BUSINESS AN D
R ESPO N SI
B IL IT Y W A R R A N T .
United States
|National Bank,
N E W .Y O B K .I
Hb b n k ze r K. W r ig h t , President.
A r t h u r L i x r t , Vice-President.
GlORGl S. Hiokok, Cashier.
E d w a r d J. Ba l d w i n , Ass’t Cashier.
DIRECTORS.
A rthur Leary,
Charles Scribner,
Eugene Kelly,
Edward C. H oyt,
Ebeneser K . W right,
Edward B. Poor,
Joseph T. M oore,
W . R ockhill Potts,
Stuyvesant Fish,
A ugust Belm ont,
George S. H art,
Richard Delafleld,
Charles Sterahach,
W ilson G. H unt,
Francis B . Appleton
William A . Lombard,
15 0 B R O AD W AY, NEW Y O R K .
Stooks and bonds bought and sold on com m ission
In small or large lots. A ccoun ts solicited. Infor*
m ation prom ptly given.
Young & Nelson,
4 6 W a l l S tr e e t, N e w Y o r k .
Investment
Securities
a
T. B. Y o u n g , J r .,
_
_
Member N. Y . Stock Bxohange.
Specialty.
w. s.
Henry Sproul &
78
FOURTH
N blsow
Co.,
AVENUE,
Offers fo r sale Choice Bonds [and Mortgages.
A SPEC IALTY—N EW YO RK CITY & COUNTRY
P IT T S B U R G , P A .
BANK STOCKS,
MEMBERS O r THE
N e t t in g P u r c h a s e r s 4 t o 1 0 P e r C e n t .
SEND FOR QUOTATIONS.
N E W Y O R K STOCK EXCHANGE,
PH ILADELPH IA STOCK EXCHANGE
Four Years’ Growth.
PITTSBURG EXCHANGE (3 Members).
The business o f this Company was established in
1878 and was incorporated in 1881. In 1887 the accumulated surplus was distributed and capital increas
ed to $2,000,000, half paid. A r e g u l a r d i v i d e n d o f
t e n p e r c e n t p e r a n n u m lia s b e e n p a i d s in c e
t h e o r g a n i z a t i o n o f t h e c o m p a n y , and its
respective annual statements have shown capital,
surplus and undivided profits and assets as fo llo w s :
C a p it a l.
S u r p lu s .
A ss e ts .
INVESTMENT BONDS A SPECIALTY
18S7-.............*1,000,000
1888 ....... 1,000,000
1889 . . . . . . . 1000 000
1890 ........... 1,000,000
1891 .......2l049]000
|50,850‘52
115,444’72
237,945-85
396,716-85
830,396-67
$2,214,374-87
4,035,946"52
7,803,722-02
11,168,685-04
14,074,863-58
Send for valuable book about investments.
Jamei H . Parker...........................President.
Henry C. Hopkins............................Cashier.
Capital and Surplus, $ 1 ,0 0 0 ,0 0 0 .
tssT.'-j.ACCOUNTS INVITED.
E3
STO C K B R O K E R S ,
64 BROADWAY, NEW YORK.
Equitable Mortgage Co.
2 0 8 Broadway» New York.
117 Devonshire St.,
4th & Chestnut Sts.,
BOSTON .
PH ILADELPH IA.
Rolston & Bass,
STOCKS. BONDS A N D MISCELLANEOUS
SECURITIES.
W . H . ROLSTON,
2 0 Broad Street,
W . A L E X . BASS, Jr.
NEW Y O R K .
Members N. Y . Stock Ex.
E DW IN S. HOOLEY.
P. O. B ox 3,089.
A . J . Weil & Co.,
INVESTMENT SECURITIES,
96 Broadway, New York, and St. Louis.
TH E
Il
Sattfeeæ and fra m e rs
of
CH RONICLE
fo r e ig n ggsrltattge
[18TABLIBHBD 1818.]
W ALL STREET, CORNER OF BRO AD ,
BARING, MAGOUN & CO.,
NEW YO RK.
1 5 W ALL ST., NEW YORK,
SUCCESSORS TO
D rexel,H arjes & Co.
KIDDER, PEABODY & CO., NEW YORK,
Gor. o f 5th &Chestnut Sts 31 Boulevard Haussmann
Buy and Sell Exchange
on principal European cities.
Issue Commercial and Travelers’ Credits
available in all parts o f the world.
P A R IS .
P H IL A D E L P H IA
D O M E S T IC A N D F O R E IG N B A N K E R S .
Deposits received su bject to D raft. Securities
bought and sold on com m ission. Interest allowed
•n Deposits, Foreign Exchange, Commercial Cred
its, Cable Transfers, Circular L etter» „for Travel0r ,' available in all parts o f the world.
Agents and Attorneys o f
BARING BROTHERS & CO., Limited,
LONDON.
KIDDER, PEABODY & CO., BOSTON.
Choice Investment Securities.
ATTORNEYS AND AGENTS OP
M essrs. J . S. M O R fiA N Sc CO.)
Kto. 2 2 O L D
BROAD
STREET,
LONDON.
Brown Brothers & Co., August Belmont & Co.,
NEW YO RK ,
[B O STO N .
3 9 W a l l St*
AT.N/Y- B R O W N & SONS, B A L T IM O R E .
P H IL A .
¡CONNECTED B Y PRIVATE WIRE.
Members N. Y., Phila. and Baltim ore Stock E xch’s.
Investment
Investm ent Securities for.
custom ers.
R eceive ac
counts o f Banks, Bankers,
Corporations, Firms and In- Q p _ l i r . «-■, _ _
dividuals, on
favorable O C C U X l L l C o .
terms. Collect drafts drawn
abroad on all points in the United States and Cana
da, and drafts drawn in the United States on fo r
V1HU VVUUM1VH.
eign countries.
Buy and sell Bills o f Exchange
and make cable transfers on
o f
all points. Issue Commercial
j •
and Travelers’ Credits available
C r e d i t .
in all parts o f the world.
Letters
BROWN, SHIPLEY & CO., LONDON.
G e o r g e Co p p e l l ,
T h o m a s Ma i t l a n d
G e r a l d L. H o y t , Mem ber o f N. Y. Stock Ex.
Maitland, Phelps & Co.,
2 2 AN D 2 4 E X C H A N G E P I A C E ,
NEW
YO R K .
Orders executed fo r all investm ent Securities
A c t as agents o f Corporations, and negotiate and
Issue Loans.
BILLS OF E X .
CHANGE
TELEG BA PH IO
TRAN SFERS
f Messrs. Smith, Payne
A Smiths, L ondon
’•ONI
I
Messrs. Mallet Freres
& Cie, Paris ;
Banco N acional de
M exico, M exico, and
its Branches.
LE TTER S OF
CREDIT
AGENTS FOR T H E B A N K OF A U STR A LA SIA .
J, Kennedy Tod & Co.,
NO. 4 5 W A L L S T R E E T ,
NEW
YORK.
Deposits received subject to draft, and interes
allowed on balances.
OFFER INVESTMENT SECURITIES.
Bonds and Stocks bought and sold on commission
OB all American, Canadian, British and Dutch
markets.
Transfer o f Stock and Bonds. Paym ent and col*
lection o f Dividends, Coupons and Interest War*
rants. Foreign Exchange and Cable Transfers on
London and Paris.
J OHN
MUNROE &
BANKERS,
No. * 3 NASSAU STREET«
A g en ts
and
Co r r e sp o n d e n t s
Co.,
N o. 8 2 Nassau Street) N ew Y o r k .
N o. 4 P o st Office Square) B o sto n .
Issue Circular Letters o f Credit fo r Travelers’ Use
A broad against Cash or Satisfactory
Guaranty o f Re-payment*
E x ch a n g e o n L o n d on ) P aris) B erlin )
Z u ric li a n d St. G all.
G id its opened and payments made b y Cable
r
op ^ h e
t
Messrs. ROTHSCHILD,
London, Paris, Frankfort and Vienna.
Issue Circular Credits fo r travelers available in
all parts o f the world.
ALSO COMMERCIAL CREDITS.
Draw Bills o f Exchange and make Cable Transfer to Europe, W est Indies, Mexico and California!
E xecute orders fo r the purchase and sale o f Invest»
m ent Securities.
Cuvier, Morgan & Co.,
SUCCESSORS TO
J O H N P A T O N & C O .,
5 2 W i ll i a m
Street) N ew Y o r k .
A ccounts and A gency o f Banks, Corporations
firms and individuals received upon favorable terms.
Dividends and Interest collected and remitted.
A ct as agents fo r corporations in paying coupons
and dividends; also as transfer agents.
Bonds, Stocks and Securities bought and sold on
commission at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
DRAW ON
T H E UNION BAN K OF LONDON,
BRITISH LINEN CO. BANK, LONDON AND
SCOTLAND.
BANKERS,
2 9 W IL L IA M
STREET, NEW Y O R K .
Correspondents o f the
International Bank of London (Limited),
Jefc. Berenberg, Gessler A Co., Hamburg.
Bremen Bank. Bremen.
Marcuard, Krauss A Co., Paris.
Commercial and Travelers’ Credits.
Bill» o f Exchange.
Cable Transfers.
ton. Sir DONALD A . SMITH, President.
B. S. CLOUSTON, General Manager.
N E W YO R K OFFICE:
N os, 59 a n d 61 W A L L S T R E E T .
WALTER WATSON, 1 4 im t.
A l e x ’b L a n g ,
> A gents.
Buy and sell Sterling ana Continental Exchange
a id Cable Transfers; grant Commercial and T ra vel
ers’ Credits available in any part o f the W orld
issue drafts on, and m ake collections in, Chicago
a id throughout the D om inion o f Canada.
L o n d on Office, N o. 2 2 A b e k u rc k L an e.
Merchants' Bank of Canada
Capital Stock Paid Up.............. 8 5 ,7 0 9 ,2 0 0
Reserve Fund...............................8 2 ,5 1 0 ,0 0 0
Henry Hague and John B. Harris, Jr.,
AGENTS,
61 W A L L STREET, NEW Y O R K .
BUY AN D SELL STERLING EXCH ANGE. CABLE
TRAN SFERS, AC
Issue Commercial Credits. Available In
all Farts of tbe World.
Canadian Bank of Commerce
Capital and Surplus................... 8 0 ,9 0 0 ,0 0 0
ALEX. LAIRD and WM. GRAY
AGENTS,
10 EXCHANGE PLACE, NEW YO R K .
BUY AND SELL STERLING EXCH ANGE, CABLE
TRAN SFERS, ETC.
Issue Commercial Credits available In all
parts of the world.
Canadian Currency bought.
Drafts drawn on and Collections made at all
points in Canada.
Imperial Bank of Canada.
CAPITAL (paid up)
SURPLUS
-
.
8 1 ,9 0 0 ,0 0 0
0 5 0 ,0 0 0
J. & W . Seligman & Co.,
BAN KERS,
B r a n c h e s in On t a r io .—Essex, Fergus, Galt,
Ingersoll, Niagara Falls, P ort Colborne, St. Cath
arines, St. Thomas, Sault Ste Marie, W elland,
W oodstock, R at Portage.
_
T o r o n to .—W ellington Street, Y on ge and Queen
Sts., Y on ge and Bloor Sts.
B r a n c h e s in N o r t h w e st —W innipeg, Brandon,
Calgary, P ortage la Prairie, P rince A lbert, Edm onton.
Agents in L ond on :
I Agents in New York,
L loyd ’s Bank, lim ited. |Ba n k o r M o n t r e a l .
Collections prom ptly m ade in any part o f Canada,
D r a w e r s o f S t e r lin g ; E x c h a n g e .
NO. 2 3 B R O A D S T R E E T ,
N ew Y o r k .
Issue Letters o f Credit for Travelers
On SELIGMAN BROTHERS, London.
SELIGMAN FRERES & CIE;, Paris.
SELIGMAN & 8TETTHEIM ER, Frankfurt.
ALSBERG, GOLDBERG A CO., Amsterdam.
A LT M A N & 8TETTHEIM ER, Berlin.
Payable In any part o f Europe, Asia, Africa, Aus
tralia and America.
„ „
Draw Bills o f Exchange and make Telegraphio
Transfers o f Money on Europe and California.
Kühne,
BANKERS,
5 South W illiam Street, New York,
LETTERS OF CREDIT
available everywhere.
D RAFTS
en all part» of the world.
TRANSFERS
by mall and telegraph.
Kessler & Co.,
BANKERS
54 W A L L STREET, NEW YO RK*
Buy and Sell B ills o f Exchange and
Cable Transfers on a ll the P rin
cipal European Cities.
ISSUE COMMERCIAL AN D
TRAVELLERS’
CREDITS, B U Y AN D SELL R A IL R O A D
STOCKS, BONDS AN D INVESTMENT SE
CURITIES. ACT AS F IN AN CIAL
AGENTS FOR CORPORATIONS.
P a ris H o u se— U N R O E & CO.
-M
Schulz & Ruckgaber,
CA PITAL Paid In - • 8 1 2 ,0 0 0 ,0 0 0 Gold
SU RPLUS . . .
.
8 6 ,0 0 0 ,0 0 0 Gold
H. S. H OW LA N D, P res’t.
T. R . M E R R IT T , V .-P .
D. R . W IL K IE , Cashier.
Knauth, Nachod
BANKERS,
© a n a d i a n J p a tx k s.
Bank of Montreal,
Drexel, Morgan & Co.,
B rexel & Co.,
«fVOL. L I T ,
HEAD OFFICE, TORONTO.
AGENCY
B
a
OF
n
THE
k
OF
B ritish N orth A merica,
N o. 52 W A L L
STR EET.
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland
also on Canada, British Columbia and San Francisco.
C I R C U L A R N O T E S issued In Pounds Ster
ling, available in all parts o f the world. C O M
M E R C I A L C R E D I T S I S S U E D fo r use in
Europe, China, Japan, East and W est Indies and the
Brazils, River Plate, &c.
Bills collected and other banking business trans
F.‘ BROW NJ^fiiiD, 1 Agents.
Hong Kong & Shanghai
B A N K IN G
C O R P O R A T IO N .
Paid-up C a p i t a l............................ . . . . f 10,000,000 00
Reserve F un d........................................... 0,300,000 00
Reserve Liability o f Proprietors.......... 10,000,000 00
T he Corporation grant D rafts, issue Letters o f
Credit fo r use o f travelers, and negotiate or collect
Bills payable at Bombay, Calcutta. Singapore,
Saigon, Manila, H ong Kong, F ooch ow , A m oy,
Ningpo, Shanghai, H ankow, Yokohama, H iogo,
San Francisco and London.
A . M . T O W N S E N D , A g en t, 50 W a ll St.
Kountze Brothers,
BANKERS,
120 B R O A D W A Y . Equitable Building, N EW YO R K
LETTER» OF CREDIT AND CIRCULAR
NOTES
Issued fo r the use o f travelers In all parts o f the
world. BlUs drawn on&he Union Bank o f London.
Telegraphic transfers m ade to L ondon and to
various places In the United States. Deposits re
ceived, subject t o check at sight, and interest
allowed on balances. Governm ent and other bonds
and investm ent securlties bough t and sold o n com
mission.
The Bank of Australasia.
(Incorporated by R oyal Charter, 1835.)
N o. 4 T h r e a d n e e d le S tr e e t. L o n d o n .
Paid-up Capital, £1,600,000; R eserve Fund, £800,000; R eserve Liability o f Proprietors under th e
charter, £1,600,000.
„
Letters o f Credit and D rafts issued on any o f the
num erous branches o f the Bank throughout A us
tralia and New Zealand. Bills negotiated or sent
fo r collection. Telegraphio transfers made.
Deposits received In L ondon at interest, fo r fixed
periods, on terms which, m ay be ascertained on ap .
plication.
P R ID E A U X SELBY, Secretar .
TH E
Ma? 7, 1812,J
CHRONICLE
________jjfotteigtx.________
11
Ifitranciat.
% v tu k s .
TH E N EW YORK
N E W EN GLAN D.
The Union Discount Co.
Produce Exchange Bank,
of London, Limit’d.
Transacts a general banking business.
FO O TE & F R E N C H ,
R eceives acoounts o f banks, banLkersandcorpora89 Comhill, London, April 7, 1892.
Capital Subscribed.......................9 6 ,3 0 5 ,0 0 0
Paid up.....................
3 ,1 5 2 ,5 0 0
Reserve Fund................................
9 7 0 ,0 0 0
94 8 5 - £ l .
NOTICE IS H E R E B Y GIVEN that the RATE S
o f IN TEREST allowed fo r m oney on deposit are as
fo llo w s :
A T CALL, H PER CENT.
A T 3 to 7 D AYS’ NOTICE, 1 PER CENT.
T h e Company discounts approved bank and mer
cantile acceptances, receives m oney on deposit at
rates advertised from time to time in the London
Paris and Berlin papers and grants loans on ap
proved negotiable securities.'
CHRISTOPHER R . NUGENT, Manager.
tions upon favorable terms.
Issues certificates o f deposit bearing Interest.
Solicits m ercantile and personal accounts.
Bills o f exchange drawn on, and cable transfers
made through, T H E CITY BANK, Lim ited,
LONDON.
Circular letters o f credit issued for travelers’ use
In foreign oonn tries; also commercial credits.
A coounts o f foreign bankers received and col
lection s in the United States made on favorable
terms. A gents in New Y ork o f the
BANCO NACIONAL DB CHILE.
Bank o f Buffalo,
B U F F A L O , N. Y .
S. S. Jb w b t t , P res’t.
Blake, Boissevain & Co.,
LONDON, EN G LAN D .
Negotiate Railway, State and City loans.
Execute orders for bonds, Shares, etc., on Com
mission and transact a general Banking an
Commission Business.
Special attention given to the execution o f
orders for Securities on the New York, Lon
don and Amsterdam Exchanges, in corres
pondence with
BLAKE
BROTHERS
&
CO.
5 Nassau Street, N ew Y o r k ,
28 State Street. B o sto n , M a ss.,
AND
This Company undertakes the negotiation and
issue o f Loans and Capital o f companies on the Lon
d on market, and acts as agent fo r approved Railways
o r other Corporations in payment o f Interest, Divi
dends, Registration o f Stock, and generally, and also
as Trustee fo r Debenture holders.
C ABLE ADDRESS, P A Y Y , LONDON.
Heinemann & Co.,
S T . C A L L E , (Sw itzerlan d).
Capital Paid Up
1 2 ,000 ,00 0 Francs,
Solicit A ccoun ts and Agencies o f Banks a n f
Bankers.
IN TEREST A LLOW ED ON DEPOSITS.
CABLE TRAN SFERS. LETTWR8 OF CREDIT
MERCHANTS’ NATIONAL BANK,
R IC H M O N D , V I R G I N I A .
Collections made onfall Southern points on best
term s; prom pt returns.
JOHN P. BRANCH, President.
J o h n F. G le n n , Cash’r. F r e d . R . Scott . V ice-P res
SO U T H E R N .
Davenport & Co.,
BAN KERS
AND
B R O K E R S,
R IC H M O N D , V IR G IN IA .
C. W. Branch & Co.,
BAN KERS AN D BROKERS,
St a t e b a n k B u il d in g ,
RICHM OND,
VA.
Private wires connecting with W ashington. Balti
m ore, Philadelphia, New York, Boston and Chicago.
New Y ork Correspondents: Messrs. M oore A
Schley and Prince A W hitely
H . J. yo n H xm ert.
B O N D A N B STO C K B R O K E R S ,
E xecu te orders fo r the purchase and sale o f
Bonds, Stocks, Ac., on the Stock E xch an ge; receive
accou nts and A gencies o f Banks. Railways, Corpo
rations, Firm s and Individuals upon favorable
te rm s; Commercial and Travelers’ Credits and
Bills o f Exchange on them are issued by their
A gents and A ttorneys.
MOSLE BROTHERS,
5 2 EXCHANGE PA.ACE, NEW Y O R K .
and
J08H U A W lLBOUR.
BENJAMIN A . JACKSON
BAN KERS AND BROKERS,
N o. 52 W E V B O S S E T S T R E E T ,
BANKERS,
Transact a General Banking Business. Dealers in
Stocks, Bonds and Local Securities.
P R IVA TE TE L E G R A P H W IRES TO NEW YORK
AND BOSTON.
Ch a r l e s H . Sh e l d o n , J r . W il l ia m B in n e v , J r
N oyes &
IN V E STM E N T
Bridge,
BROKERS,
B O STO N S T O C K E X C H A N G E B U IL D IN G ,
53 S T A T E S T R E E T , BOSTON.
Dealers in High Grade Investments.
6 a n d 7 p e r ce n t F ir s t M o r t. G o ld B o n d s.
Inform ation furnished and first-class corporation
securities sold on commission.
P E MNSYLVAN IA
Thomas
b
. Rea.
Sa m u e l R e a .
Rea Bros. & Co.,
115 Fourth. A veu u e, P ittsb u rg, P a .
STOCKS AND BONDS.
MEMBERS OF THE
New York, Philadelphia and
Stock Exchanges.
Pittsburg
LO C A L SECURITIES A SPECIALTY.
N . Holmes & Sons,
BANKERS,
P IT T S B U R G , PENN.
CORRESPONDENTS:
Bank o f New York, N. B. A .
First National Bank o f Philadelphia,
G. l . b o is s e v a in .
LONDON, E . C.
2 Princes Street, London, E. C.,
bought
28 Westminster St., Providence, R. I.
von Hemert & Co.,
Dennistoun, Cross & Co.,
EXCHANGE
Sheldon & Binney,
52 N ew B ro a d Street,
IN T ER E ST ON DEPOSITS. C ABLE TRANSFERS.
FOREIGN
sold.
J. C. MORRIS, Pres.
ED W AR D TOBY, Cash,
Co r r e sp o n d e n t s —Nat. City Bank, Nat. Bank of
Commerce, New York. Boatmen’s Bank, St. Louis.
N. W . Nat Bank, Chicago. Merchants’ Nat. Boston
LONDON,
A ct as Agents fo r American Banks and Financial
Companies. Collect Foreign Exchange and execute
orders on commission on the London Market.
COMMISSION ORDERS executed in
bonds and stocks.
N E W OB1.EAN S, L A .
Capital...91 ,0 0 0 ,0 0 0 I Snrplus....94 7 5 ,0 0 0
ESTABLISHED, 1860.
Pierce, Wright & Co.,
RAILROAD BONDS o f conservative
issues constantly on hand.
New Orleans Canal &
Banking Company,
Correspondence solicited and Information fu r
nished about Southern State, Municipal and Rail
road Investm ent Securities.
New York R eference—CHAS. M. FR Y, Esq., Presi
dent Bank o f New York, N. B. A .
Corporations, Firms and Individuals upon
favorable terms; also orders fo r the pur
chase and sale o f Bonds, Shares, Ac., Ac.
on the Stock Exchange.
Interest allowed on Deposits, subject to 60-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to de
mand drafts.
Negotiate Hallway, State and City Loans.
M ass.
bought and
P R O V ID E N C E , R . 1.
62 Gresham House, E. C.,
Solicit accounts and agencies o f Banks,IRailway*
B o sto n .
BONDS
Dealers In Commercial Paper, Governm em s and
other first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
Schweizerische Union Bank.
Subscribed and Paid-up Capital, £ 9 7 1 ,3 0 0
Street,
Wilbour, Jackson & Co.,
SWISS UNION BAN K ,
LIMITED,
Congress
This Bank has superior facilities fo r ¡making Col
lections jn and out o f the city on the most libera
terms, and with careful attention to the best inter
ests o f its correspondents.
Co r r e spo n d e n ts ¡—Importers’ A Traders’ Na
tional Bank and Chemical National Bank, New
York Merchants’ Loan A Trust Co., Chioago; Union
Bank o f London, London
A m sterd a m , H o lla n d .
4 Bank Buildings, London, England,
48
GOVERNMENT
sold.
W m. C. Co r n w e l l , Cash’ r
Capital......9 3 0 0 ,0 0 0 I Snrplus......93 25 ,0 00
A D O L P H BO ISSEVAIN & CO.
The Railway Share Trust
& Agency Company,
BANKERS,
R O AN O K E, VA.
SOUTHERN INVESTMENT SECURITIES
A SPECIALTY
W il l ia m W il so n A Sons , Established 1802.
W il s o n , Co lsto n A Co.,
“
1867.
Wilson, Colston & Co.,
Members o f Baltimore Stock Exchange.
BANKERS,
21 6 East Baltimore Street, Baltimore.
Investm ent and Miscellaneous Securities a sped
alty, and whole issues handled.
Exceptional facilities fo r dealings in all classes o f
Southern Bonds. Loans on Collateral Securities
negotiated.
PITTSBURG,
PA.
ESTABLISHED 1871.
Whitney & Stephenson,
BAN KERS AN D BROKERS,
N o. 57 F O U R T H A T E N U E .
Oldest Pittsburg members N. Y . Stock Exchange
E. W. Clark & Co.,
BAN KERS AN D BROKERS
No. 139 South F ourth St.,
P H IL A D E L P H IA .
Transact a general banking business. Allow
Interest on deposits.
Members o f th e Philadelphia and New Y ork
Stock Exchanges, and connected by private w ir«
with New York.
TH E
CHRONICLE.
% t v o H u t h Πt lg .
jB a w f e m i a n d b r o k e r s t «
B o ODY, M cLELLAN & C o .,
Samuel D. Davis 6c Co.,
P, Q, BOX 447.
Investment Securities
A specialty, Including W ater Bonds, Car Trust
Bonds and first-class Railway Bonds.
Particulars furnished on application.
a
. Bo o d y ,
C. W . McL wllan ,
H u n k y T. B o o d y .
Sa m u e l d . D a v i s ,
Ch a s . B. v a n N o st &a n o <
Member N. T. Stock Exchange
Dealt In by
Howard Lapsley 6c Co., W I L L I A M C. N O Y E S
96
BANKERS AND BROKERS,
2 E x ch an ge C ourt, N. Y .
Members o f the Consolidated Stock and Petroleum
Exchange.
B u y a n d S e ll R a i l r o a d S t o c k s a n d B o n d s
H, L N ic h o l a s ,
W . C. TAYLOR,
Members N. Ÿ. Stock Exchange.
a t 1 - 1 6 t h p e r c e n t C o m m is s io n .
INVESTMENT
ISSUE D A IL Y M A R K E T LE TTE R .
Henry S. Redmond,
N. Y . Stock E x h c a n g e ,
NEW
J. 8. N ic h o l a s
M. MAYER.
H. I. Nicholas 6c Co.,
BANKERS
AND
BROKERS.
SECURITIES A
SPECIALITY
11 W all Street, New York.
Emerson
Fred H. Smith,
M A R G IN A C C O U N TS S O L IC IT E D .
1 - 1 6 P e r C e n t C o m m is s io n .
INTEREST A LLO W E D ON BALANCES.
R e fe r s to R e lia b le B a n k s .
Correspondence Invited.
ESTABLISHED SINCE 1863.
Fahnestock 6c Co.,
BONDS.
W M. M. H A R R IM AN , Member N. Y . Stock Exchange
NICHOLAS FISH.
OLIVER H A R R IM A N , Jr,
Harriman 6c Co.,
B A N K E R S AND B R O K E R S ,
N o. 1 2 0 B R O A D W A Y , N E W Y O R K ,
EQU ITABLE BUILDING,
TRAN SACT A GEN ERAL BANKING AND STOCK
EXCHANGE BUSINESS.
R . J . Kimball 6c Co.,
(Established in 1866.)
Supply selected investment bonds fo r cash or In
exchange for marketable securities.
Execute commission orders for investors at the
Stock Exchange or in the open market.
Furnish inform ation respecting bonds
BAN KERS AND BROKERS,
16 a n d 18 B ro a d Street, N ew Y o r k .
Members o f the New York Stock Exchange and o f
the Philadelphia Stock Exchange.
R o b e r t j . k im b a l l . A l f r e d B .L o u n s b e b r y .
John H. Davis & Co.,
. N o. 10 W A L L S T ., N E W Y O R K .
BO N D &
Orders for Stocks and Bonds executed at all ExC anges
.
Especial attention given to supplying high-class
H e n r y G. Ca m p b e l l , 1 Members N. Y. Stock
B o b d e n H a r b im a n , >
Exchange.
STO CK B R O K E R S ,
Dealers in Investment Securities,
No. 10 W A L L S T R E E T ,
NEW YORK.
(Continental National Bank Building,)
N EW YORK
S to c k s,
Simon Borg 6c Co.,
Metropolitan Traction
Stock,
Controlling the
BROADW AY
and
CABLE
ROAD
Dick Brothers & Lawrence,
30 Bread Street. New York.
B onds B ough t
C o m m is s io n .
and
S o ld
G a a , R a i l r o a d a n d E le c t r ic L ig h t C o .
S to ck s.
GEO. B . R IP L E Y ,
68
B A N K E R S AND B R O K E R S
S to ck s
16 BRO AD STREET, NEW Y O R K .
R u sse ll m a r q u a n d
ja m b s B s k e h a n .
Member N Y Stock Exchange
B A N K E R S AND B R O K E R S ,
56 B R O A D W A Y , N. Y .
B O S T O N O F F IC E , 5 3 S T A T E S T .
Members o f the New York and B oston Stock E x
changes. Private wire between the two offices.
Inform ation given In regard to all Boston securi
ties, and quotations furnished
A S P E C IA L T Y .
G. B. W a t t s , Jr
3 0 B R O A D S T R E E T , N. Y . ,
Marquand 6c Skehan,
¡B A N K E R S A N D B R O K E R S ,
Southern Securities a Specialty.
N ew Y o r k .
R o b e r t Go o d b o d y . a . L. L e e .
H. G. Campbell 6c Co., Robert Goodbody 6c Co.,
B A N K E R S AND B R O K E R S ,
9 N ew S tre e t a n d 7 4 B r o a d w a y ,
INVESTMENT and MISCELLANEOUS
SECUBITIES.
Staten Island Securities
N o, 7 N A S S A U S T R E E T ,
IN V E S T M E N T S E C U R IT IE S .
on
B road w ay.
R oom
8.
Hatch 6c Foote,
INTEREST A LLOW ED ON DEPOSITS.
La Montagne, Clarke & Co.,
B AN KERS AND BROKERS,
4 4 and 4 6 B roa d w a y , N ew Y o rk .
E. LA M o n t a g u e , J r ., Member N. Y . Stock Exoh
H e r m a n Cl a r k e .
W a l l a c e B. Sm it h .
Private wires to Philadelphia, Pittsburg, Scran
ton, Reading, W ilkesbarre Lancaster and B eth le
hem. P rivate wire to Chicago.
N o. 2 0 NASSAU S T ., N E W Y O R K ,
7 PINE STREET, NEW YORK.
IN V E ST M E N T
S E C U R IT IE S
Jos. C. Platt, C. E .,
C O N S U L T IN G E N G IN E E R ,
W A T E R F O R D , N. Y .
DBALBBS IN ALL KINDS O
P
E x a m in a t i o n s a n d R e p o r t s f o r I n v e s t o r s .
and Investment Securities»
So u t h e r n
E m erson
S E C U R IT IE S »
C. H . HUESTIS
(Member N. Y . Stock Exchange)L . M. SWAN,
E. H . LA D D , JR.,
General Partners.
C. D. WOOD, Special Partner.
and the principal cross-town horse ear lines,
BOU GH T AND SOLD B Y
Robertson 6c James,
BANKERS AND BROKERS,
Railroad
IN V E S T M E N T
Parkinson 6c Burr,
BANKERS AND BROKERS.
ft W a ll Street, Mew Y o rk .
and
B R O K E R S,
AN D D EALERS IN
D EALERS IN
No. 20 Broad Street, New York.
Bonds
C O M M IS S IO N
BAN KERS,
W . K. B. E m erson ,
Ra m s a y T u r n bu ll
Member N. Y . Stock Exchange.
STOCKS, BONDS AND INVESTMENTS.
In v e stm e n t
Y O R K .
6c Turnbull, R . A . Lancaster 6c Co.,
80 BRO AD W AY.
B O N D S .
NEW
81 Pine Street, New York City.
BANKERS AND BROKERS-
YORK.
Carefully com piled list o f choice Investm ent Bonds
urnished upon application.
B RO AD W AY.
Wood, Huestis 6c Co.,
P r iv a t e W i r e s to B o s to n a n d P h ila d e lp h ia .
STREET,
FINANCIAL
Specialties fo r Twenty Years.
B A N K E R S AND B R O K E R S ,
m umrew
BROOKLYN
T R U S T C O ’S STO C K S .
No. 1 Exchange Court,
NEW YORK.
W ALL
AND
AND DE A LER S IN INVESTMENT SECURITIES
Haven 6c Stout,
48
YORK
No. 44 W A i i ST., N E W T O R E
B r o a d w a y , o p p o s ite E x ch a n g e P la c e .
Da v i d
NEW
BANKERS
BANKERS,
$7
V o l. L IV .
s e c u r it ie s a
m c M il l in .
BANKERS,
Sp e c ia l t y
H e n r y B. W il so n .
Emerson McMillin
&
Co.
40 W A L L STREET, NEW Y O R K .
Negotiations Conducted for Purchase and Sale of,
G a s , E le c t r ic , W a t e r , S t r e e t R a i l w a y , C o a l ,
• I r o n a n d I n d u s tr ia l P r o p e r t ie s .
'
Securities negotiated only upon personal examina
tio n o f property.
18
WALL
STREET, N EW
YORK.
W. H . Goadby & Co.,
Established 1863.
B AN K E R S AND B R O K E R S,
MEMBERS OF N EW YO RK STOCK EXCHANGE
'A llow interest on deposits subject to sight oheck,
Buy and sell on commission stocks and bonds either
for cash or oh' margin, and deal In
NO. 24 B R OA D S T R E E T -
Investment Securities.
A . M. K id d e r ,
H . j . Mo r s e .
Chas . d . Marvin
w . M. Kidder.
N ew Y o r k .
THE W ALL STREET JOURNAL.
A n Invaluable financial d a ily: |5 a year. Sample copy
fre e . DOW , JUNES & CO., Publishers, 41 Broad S t.
M
a t
TH E
7, 1892.]
CHRONICLE
S a ttst
Union Trust Company
OF
NEW
T O R E ,
80 Broadway, New York.
C A P IT A L
.
.
.
.
.
$ 1 ,0 0 0 ,0 0 0
SU R PLU S- $ 4 ,0 0 2 ,5 1 8 9 2
Authorized to act as Executor, Administrator,
Guardian, Receiver or Trustee, and is
A LEGAJj DEPOSITORY FOR MONEY.
A cts as Trustee o f mortgages o f corporations, and
accepts the transfer agency and registry o f stocks.
A llow s interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
m erest fo r the whole tim e they remain with the
company.
F or the convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
u p on the resulting daily balances. Such checks pass
throu gh the Clearing House.
____
■
A ttends specially to the M ANAGEM ENT OF
R E A L E STA TE and to the collection and remitance o f rents.
It makes ample provision in its
„ . _ __
N E W B U R G LA R A N D FIRE PROOF V AU LTS
fo r the safe keeping o f securities placed in its cus
tody, on which it collects and remits in com e!
TRUSTEES.
. .
■
W m . W hitewright,
H . V an Rennsl’r Kennedy
H enry A . Kent,
James H . Ogilvie,
R . T. W ilson,
James T. W oodward,
W m . F. Russell,
George A . Jarvis,
C. D. W ood,
C. Vanderbilt,
Jam es N. Platt,
A . A . Low,
D. C. Hays,
G. G. Williams
W m . A lex. Duer,
R. G. Remsen,
Charles H. Leland,
Edward Schell,
Edward King,
Amasa J. Parker,
H. B. W esley,
Samuel F. Barger
D. H . MoAlpin,
Geo. C. Magoun,
George B. Carhart,
W. Emlen R oosevelt
Chauncy M. Depew.
EXECU TIVE COMMITTEE.
W m . Whitewright,
G. G. Williams,
Edward Schell,
E. B. W esley,
Geo. C. Magoun,
C. D. W ood,
D.'C. Hays,
James T. W oodward.
E D W A R D KING, President.
CORNELIUS D. WOOD, ? Vice-Presidents
JAM ES H . OGILVIE,
J vice-presidents.
AUGUSTUS W . K E LLEY, Secretary.
________ J. V . B. T H A Y E R . Assistant Secretary.
<£ jûr a p a t t i r s .
United States Trust Co.
O LD C O LO N Y
OF NEW YORK,
T R U S T C O M PA N Y.
45 and 47 Wall Street.
BO STO N, MASS.
C a p ita l
S u r p lu s ,
-
T ra n sa cts
a
-
•
$ 1 ,0 0 0 ,0 0 0 0 0
6 0 0 ,0 0 0 0 0
-
G en eral
B a n k in g
B u s in e s s .
ALLOWS INTEREST ON D AILY BALANCES SUBJECT
TO CHECK.
TRUSTEE UNDER MORTGAGES. TRANSFER AGEN'J
REGISTRAR.
BOARD OF DIRECTORS.
T. Jefferson Coolidge, Jr.^Presidenlfl ,
Frederick L. Ames,
John F. Anderson.
John L. Bremer,
Martin Brimmer
T. Jefferson Coolidge,
George F. Fabyan,
George P. Gardner
Francis L. Higginson,
H enry S. Howe,
W alter Hunnewell,
William P. Mason
George Y on L. Meyer
Laurence Minot,
Richard Olney'
Henry R. Reed,
Lucius M. Sargent,
Nathaniel Thayer
John I. W ater bury,
Stephen M. W eld,
H enry C. W eston
T . J E F F E R S O N C O O L ID G E , J R .,
P resid en t.
C. S TUCKERMAN,
S ecreta ry
New York Guaranty &
Indemnity Co.,
59 C E D A R S T R E E T , N E W
YO R K ,
m u t u a l L ife B u ild in g .
C A P IT A L ,
SU R PLU S, -
-
-
$2,000,000
$500,000
Knickerbocker Trust
Company,
TRAN SACTS A GENERAL B AN KIN G AN D
TRUST COMPANY BUSINESS, AND SOLICITS
TH E ACCOUNTS OF CORPORATIONS, FIRMS
AN D INDIVIDUALS.
INTEREST ALLOW ED ON DEPOSITS.
3 3 4 F IF T H A V E „ C O R . S TTH 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 , - 8 1 ,0 0 0 ,0 0 0
DESIGNATED L E G A L DEPOSITORY.
A cts as Executor or Administrator o f Estates and
BS Guardian, Receiver, Registrar, Transfer and
Financial A gent fer States, Cities, Towns, Railroads
and other corporations.
JOH N P. TOWNSEND, President.
CHARLES T. B AR N EY, Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
D IR E C T O R S i
Joseph 8. Auerbach,
John S. Tilney,
H arry B. Hollins,
E . V . Loew,
Jacob Hays,
H enry F. Dimock
Charles T. Barney,
John P. Townsend
A . Foster Higgins,
Charles F. Watson,
R obert G. Remsen,
David H. King, Jr,
H enry W . T. Mali,
Frederick G. Bourne
A ndrew H. Sands,
R obert Maclay
James H. Breslin,
. C. Lawrence Perkins,
Gen. George J. Magee,
Edward W ood,
L Townsend Burden.
W m . H . Beadleston.
A lfred L. W hite.
F R E D ’K L. ELDRIDGE, Secretary.
J. H E N R Y TOWNSEND. Assist. Secretary.
E D W I N P A C K A R D . P r e s id e n t.
A D R I A N I S E L I N , J r . , V ic e - P r e s id e n t .
G E O . R . T U R N B U L L , 3 d V ic e -P r e s id e n t.
H E N R Y A . M U R R A Y , T r e a s . a n d S ec.
J . N E L S O N B O R L A N D , A s s is t. S e c r e t a r y
The Nassau Trust Co.
1 0 1 B r o a d w a y , B r o o k ly n , N . Y .
C A P I T A L ............................................. $ 5 0 0 , 0 0 0
Deposits received subject to check at sight, and
I n t e r e s t a l l o w e d on the resulting daily balances.
Certificates o f deposits issued for tim e deposits,
o n which s p e c i a l r a t e s will be allowed.
I n t e r e s t c o m m e n c e s fr o m d a t e o f d e p o s it .
Authorized by law to act as Executor, Adminis
trator, Committee, Guardian, Trustee, Receiver,
Fiscal and Transfer A gent and as Registrar o f
Btocks and B onds; 1s a l e g a l d e p o s i t o r y f o r
T r u s t F u n d s and fo r moneys paid into court.
Loans made on approved collaterals.
Checks on this Company are payable through the
New York Clearing House.
A . D. W HEELOCK, President.
JOHN^TRU SLO
} V ice-Prest’s.
O . F. RICHARDSON, Secretary.
TRUSTEES i
W m . Dick,
Bernard Peters, John Loughran,
A. D. Baird
W m . E. Horwill, Edward T. Hulst,
Darwin R. J ames, J. B. Voorhees, Jno.McLaughlin,
E. B. Tuttle,
A . D. W heelock, A . M. Suydam,
Joh n Truslow,
W m. F. Garrison, W m.E. W heelock
Ditmas Jewell,
Jno. T. W illetts, O. F. Richardson,
F . W . Wurster,
Chas. H . Russell, H en ry Seibert.
St. Louis Trust Co.,
C O R N E R 4 th A N D
LOCU ST
STREETS
St. Louis, Mo.
C a p i t a l a n d S u r p lu s , $ 3 ,0 0 0 ,0 0 0
D IR E C T O R S «
J o h n T. Davis,
Alvah Mansur,
Daniel Catlin,
Edward S. Rowse,
Sam’l W . Fordyce,
Jno. A . Scudder,
Adolphus Busch,
Edward C. Simmons,
H enry C. Haarstick,
Edwin O. Stanard,
W m . L. Hase,
J. C. Van Blarcom,
Chas. D. McLure,
Thos. A. West,
Edwards Whitaker.
■THOS. H . W EST, President. •
JOHN D. FILLEY, Secretary.
A . C. STEW ART.'Counsel.
A llow s Interest on Deposits. Executes Trusts o f
«every Description. A cts as Registrar and Transfer
A g e n t, Ac
DIRECTORS.
Samuel D. Babcock,
James N. Jarvie,
Frederic Cromwell,
Augustus D. Juilliard,
Josiah M. Fiske,
Richard A . McCurdy,
W alter R. Gillette,
A lexander E. Orr,
R obert Goelet,
Edwin Packard,
George Griswold Haven, Henry H . Rogers,
Oliver Harriman,
Henry W . Smith,
it. Somers H ayes,
H. McK. Twom bly,
Charles R. Henderson,
Frederick W . Vanderbilt,]
Adrian lselin, Jr.,
William C. W hitney,
J. H ood W right.
EXECUTIVE COMMITTEE.
Samuel D. Babcock,
Richard A . McCurdy
Frederic Cromwell,
Edwin Packard,
George Griswold Haven, H . McK. Twombly,
Augustus D. Juilliard,
H enry H . Rogers,
Adrian lselin, Jr.
Mississippi Valley Trust
Company,
3 0 3 N o rth . 4 t h S tr e e t,
C A P I T A L A N D S U R P L U S , - $ 9 .7 5 0 ,0 0 0
This company is a legal depository fo r moneys
paid into court, and is authorized to act as guardian
INTEREST A LLO W ED ON DEPOSITS,
which may be made at any time and withdrawn after
five days’ notice, and will be entitled to Interest for
the whole time they may remain with the company.
Executors, administrators or trustees o f estates,
and w o m e n unaccustomed to the transaction o f
business, as well as religious and benevolent institu
tions, will find this company a convenient depository
fo r money.
JOHN A . STEW A RT, President.
GEORGE BLISS, Vice-President.
JAMES S. CLARK. Second Vice-Pres’t.
H EN RY L. THORNELL, Secretary.
LOUIS G. HAM PTON, Assistant Secretary.
W ilson G. Hunt,
Daniel D. Lord,
Samuel Sloan,
James Low,
W m . W . Phelps,
D. W illis James,
John A . Stewart,
Erastus Corning,
TR U STE E S:
Jno. H . Rhoades,
Anson P. Stokes,
George Bliss,
Wm.Lifebey,
John C. Brown,
Edward Cooper,
W . B ’y’d Cutting.
Chas. S. Smith,
Manhattan
W m .Rockefeller,
A lex. E. Orr,
.Wm.H. Macy ,Jr„
W m . D. Sloane
G. H . Schwab,
Frank Lyman,
Geo. F. Vietor,
W . W ald. A stor.
Trust
Co.
Corner o f W all and Nassau Sts., N. Y.
C A P I T A L ............................ ....
8 1 ,0 0 0 ,0 0 0
DIRECTORS
F. 0 . French. N. Y .
H . W . Cannon, N. Y .;
R. J. Cross. N. Y.
John R. Ford, N. Y.
H . L. Higginson. Boston. T . J. Coolidge, jr „ Bos.
August Belmont, N. Y .
James O. Sheldon, N. Y.0
E. D. Randolph, N. Y ■
A . 8. Rosenbaum, N. Y.
H . O. N orthcote, N. Y .
John N. A Griswold, N. Y
C. C. Baldwin, N. Y .
Sam’l R. Shipley, Phila.
Chas. F. TagVN. Y
R. T. W ilson, N. Y .
John Kean, Jr., N. J.
J. I. W aterbury, N. Y
F. 0 . French, President.
J. I. W aterbury, Y.-Pres
A . T . French, Secretary and Treasurer.
ALLOW S INTEREST ON DEPOSITS. E X E .
CUTES TRUSTS OF E V E R Y DESCRIPTION
R EG ISTR AR AND. TRAN SFER AGENT__________
Union Loan & Trust Co,
SIOUX CITY, IOWA.
INCORPORATED 1885.
C A P I T A L , P a i d U p In C a s h .. . . 8 1 , 0 0 0 , 0 0 0
S U R P L U S . . . « ........ ..................... .
1 7 5 ,0 0 0
DEALERS IN HIGH-GRADE COM
MERCIAL PAPER,
A s u p p ly o f w h i c h i t a l w a r s h a s o n h a n d f o r
s a le a t C u rren t R a t e s .
M U N IC IP A L , C O R P O R A T IO N A N D
SCH O OL BONDS.
N o S t r o n g e r L o a n a n d T r u s t C o m p a n y In
t h e W e s t . C o r r e s p o n d e n c e S o li c i t e d .
G E O . L . J O Y , P res.
A . S, G A R R E T S O N , V lc e -P r e s .
E . R . S M IT H , S ec’ y.
P r o m p t A t t e n t io n G iv e n t o C o ll e c t i o n s .
North British
& Mercantile Ins
Co,
ST. LOUIS, M ISSO UR I.
OF
C a p i t a l . . . . . ............................................$ 1 , 5 0 0 , 0 0 0
UNDER STATE SUPERVISION.
$ 3 0 0 , 0 0 0 d e p o s it e d w i t h S t a t e O ffic e r t o
p r o te c t tru st lia b ilit ie s .
LONDON AMD E D IN B U R G H .
A G EN ERAL TRUST COMP A N T BUSINESS.
A llow s Interest on Deposits.
Authorized to act as Executor, Guardian, Receiver,
Trustee, &c. Manages Estates. Collects Rents.
Becom es Surety on all kinds o f Court Bonds.
Has Safety Deposit Vaults; a Savings Department.
INVESTMENT SECURITIES A SPECIALTY.
DIRECTORS*.
Charles Clark,
L . G. McNair,
Chas. H . Bailey;
Thos. T. Turner, John D. Perry, F. W . Paramore,
W m . F. Nolker,
John Scullin,
Geo. H . Goddard,
T. O’Reilly, M. D., B. F. Hammett, James Campbell,
Sam’l M. Kennard, S. E. Hoffman, August Gehner,
Aug. B. Ewing,
D. W . Caruth, Julius S. Walsh,
S. R. Francis.
B. F. Hobart. Williamson Bacon,
OFFICERS:
J u l iu s 8. W a l s h , President.
J o h n D. P e r r y , 1st Vice-President.
J o h n Sc u l l in , 2d Vice-President.
B r e c k in r id g e J on es , Secretary.
Metropolitan Trust Co.
3 7 a n d 3 9 W a ll S tr e e t. N e w Y o r k .
P a id -U p C a p i t a l ...................... . . . $ 1 , 0 0 0 , 0 0 0
8 0 0 ,0 0 0
S u r p l u s ............................................
Designated as a legal depository by order o f
Supreme Court. Receive deposits o f m oney on in
terest, act as fiscal or transfer agent, or trustee fo r
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Thomas Hillhouse^Pres. Fred’k D. T&ppen, V.-Pre*
C. M. Jesup, 2d Y.-Pres. Beverly Chew, Secretary.
George D Coane». Assist »a Secretary.
SAM. P. BLAGDEN, Manager.
WM. A. FRANCIS, Assistant ManagerJ
R. H. WASS, General Agent.
W . R. ECKER, Assistant Gen. Agent
H. M. JACKSON, Secretary.
U. S. BRANCH OFFICE,
No. 54 WILLIAM ST., N. Y.
ESTABLISH ED 1855.
E u g e n e R. C o le ,
S T A T IO N E R A N D P R IN T E R .
Supplies Banks, Bankers, Stock Brokers and Cor
porations with com plete outfits o f A ccoun t Books
and Stationary.
ig a
t ,
f3P- New concerns organizing will have then
orders prom ptly executed.
No. 1 W IL L IA M S T R E E T .
"H AN OVER SQUARE.)
' T H O M A S B R A N C H & CO.,
BANKERS
AND COMMISSION
MERCHANTS
R IC H M O N D , V IR G IN IA .
Circulars and inform ation on funding the debt* - f
Virginia and North Carolina free o f cost; one-eigb^h
per cent oharged fo r fun din g. Southern Railroad
and State and Citv Bond* bought and sold
TH E
1
CH RONICLE
[ V o l . L IT
zll&uzane.
% u $ n x& u t& .
fpiratijctal.
j
c
Assets D ec. 3 1 , 1 8 9 1 ....... $ 6 ,7 3 7 ,9 8 8 2 7
Su rplu s..................................
6 4 9 ,0 4 1 Q5
A New Coal Field and
Timber District.
The United States Life
ATLA N TIC M UTUAL
Tbe OHIO EXTENSION of the NORFOLK &
Insurance Co.
WESTERN RAILROAD penetrates one of the
O F F IC E O F T H E
1850.
1892.
IN T H E C IT Y OF N E W Y O R K .
NEW INSURANCE WRITTEN.
Insurance Company,
1888............. 16,335,665 50 11896............ 111,955,157
1889............. 8,463,625 00 11891............ 14,101,654
GEO. H. BURFORD-’ President.
N e w Y ork , January 25th, 1892.
The Trustees, in conformity with the Charter
o f the Company, submit the following state
ment of its affairs on 31st day of December,
1891.
Premiums on Marine Bisks from
1st January, 1891, to 31st
December, 1891....................... $3,862,687 97
Prem’ms on Policies not marked
off 1st January, 1891............... 1,394,177 87
Total Marine Premiums....... $5,256,865 84
Premiums marked off from 1st
January, 1891, to 31st De
......... $3,784,72336
cember, 1 8 9 1 ......
Losses paid during the same
Period.................................. $1,836,325 11
Beturns of Premi
ums andExpenses.$784,790 57
The Company has the following Assets, viz.:
United States and State of New
York Stock, City, Bank and
other S to ck s .......................... $7,567,155 00
Loans secured by Stocks and
otherwise.................................. 2,009,100 00
Beal Estate and Claims due the
Company, estimated at............ 1,083,400 36
Premium Notes and Bills Beceivable.....................................
1,425,030 93
Cash in Bank...............................
193,895 88
Amount.................................. $12,278,582 17
SIX PEE CENT INTEBEST on the outstand
ing certificates of profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next.
THE OUTSTANDING CEETIFICATE8 of
the issue of 1887 will be redeemed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, the 2d of Febru
ary next, from which date all interest thereon
will cease. The certificates to be produced at
the time of payment and canceled.
A DIVIDEND OF FOBTY PEE CENT is
declared on the net earned premiums of the
Company for the year ending 31st December,
1891, for which certificates will be issued on
and after Tuesday, the 3d o f May next.
By order of the Board,
C. P. F R A L E IG H ,
A . W H E E L W R IG H T
Secretary.
Assistant Secretary
WM. T. STANDEN, Actuary.
The tw o most- popular plans o f L IF E INSUR
ANCE are the CONTINUABLE TERM POLICY
which gives to the Insured the greatest possible
amount o f Indemnity In the even t o f death at the
lowest possible present cash ontlayj and the
GU ARAN TEED INCOME POLIC5T,which embraces
every valuable feature o f Investment Insurance,
and which, in the event o f adversity overtaking
the insured, m ay be used as C O LLA TER A L SE
C U RITY FOR A LOAN to the extent o f the full
legal reserve value thereof, In accordance with the
terms and conditions o f these'policies.
Good Agents, desiring to represent the Company
are invited to address J . 8 . G A F F N E Y , Super
intendent o f Agencies, at Hom e Office.
Bliss, Fabyan & Go.,
NEW Y O R K , BOSTON, PHILADELPHIA
S e l l in g A g e n t s
for
L e a d in g B r a n d s
BROWN
and BLEACHED SHIRTING
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, &0.
Towels, Quilts, White Goods and Hosiery.
D r ill». S h eetin p », rfc., fo r E xp ort T rad e.
Geo. Copeland & Co.,
COTTON BROKERS,
129 P E A R L STR E E T , N E W Y O R K .
Cotton landed at Mills from Southern Market
specialty.
W I L L I A M H E N R Y C H A N D L E R Sc
W A L D R O N S H A P L E IG H ,
Chemical Engineers and
Consulting Chemists.
Chemical Industries Investigated, New Processes
Examined. Plans and Specifications of W orks Fur
nished. A lso Yearly Contracts fo r Consultations.
JOHN D. JONES, President.
W. H. H. MOOBE, Vice-President.
A. A. RAVEN, 2d Vice-President
Amounts $500 to $1 0 ,0 0 0 .
GOLD DEBENTURE BONDS,
5, 7 and 10 Years,
A T L A N T IC TRUST CO., NEW YORK, TRUSTEE
Amounts $ 1 00 to $1,000 .
A F E W CHOICE
150 B R O AD W AY, NEW YORK.
New forms designed for books of aocount.
Settlement of Insolvent E states.
418 Exchange Building, 53 State Street Boston.
Wm. G. Hopper & Co.,
2 8 SOUTH TH IRD ST., PH ILA,'
Stocks and Bonds bought and sold on Com
mission for Cash, or carried on favorable terms.
Interest allowed on balances. Correspondence
solicited.
Bought and Sold.
Charles H. Marshall,
Charles D. Leverich,
Edward Floyd Jones,
George H. Macy,
Lawrenoe Turnure,
Waldron P. Brown,
Anson W. Hard,
Isaac Bell,
N. Denton Smith,
Thomas Maitland,
George L. Nichols,
Gustav Amsinck,
Joseph Agostini,
George W. Campbell,
Vernon H. Brown,
Christian de Thomsen,
Leander N. Lovell.
F IRST MORTGAGE GOLD BONDS,
W M . FRA N K LIN HALL, 7 PER CENT FIRST MORTGAGES.
W rite fo r Description.
BOOKS ACCOUNTANT AUDITED
Lombard Investment Co*
Send fo Liste.
GEO. A. L E W IS & CO., B ankers,
J. D. Jones,
W. H. H. Moore,
A. A. Baven,
Joseph H. Chapman,
James Low,
Wm. Sturgis,
Benjamin H. Field,
James G. De Forest,
William Degroot,
William H. Webb,
Horace Gray,
William E. Dod_e,
George Bliss,
John L. Biker,
C. A. Hand,
John D. Hewlett,
Charles P. Burdett,
Henry E. Hawley,
6 % IN V E S T M E N T S 6 %
Rooms 97 A 98, 8» Broadway, New York.
c
J . H . C H A P M A N , Secretary.
TRUSTEES:
most valuable coal and timber districts in the
United States. The line of this extension is
193 miles in length, from Coal Grove, Ohio,
via Kenova, W. Va., to Elkhom, W. Va., of
which 54 miles to Dunlow, W. Va., is now
opened for business and the entire line is under
construction and will he completed early in the
fall of 1892. It passes through virgin country
abounding in gas, splint, eannel, steam, coking
and domestic coals and fire-clay; chestnut-oak,
white-oak, beech and poplar timber. Those
looking for advantageous sites for the location
of saw-mills or tanneries and establishments
for the manufacture of furniture, wagons, agri
cultural implements, wood-pulp, fire-brick or
manufactured iron articles, should investigate
the resources of this new field. The new town
of Kenova, W- V a., offers many advantages for
the location o f manufacturing establishments,
also the territory opened up by the Norfolk &
Western Railroad on the north hank of the Ohio
River, between Kenova, W. Va., and Ports
mouth, Ohio. For the manufacture of finished
iron articles the district offers unequaled ad
vantages, with supply o f coal and Pocahontas
coke on short hauls, and with the blast fur
naces of the Ironton, Hanging Bock and Ash
land district in close proximity. Favorable
freight rates made upon raw materials to all
manufacturing establishment on this line.
For further information as to freight rates,
maps, names of parties to whom application
should he made for coal leases, &c., apnly to
JOHN J. ARCH ER,
Dlv. Freight Agent, Columbus, Ohio.
Or
CHAS. G. EDDY,
Vice-President, Roanoke, Va.
132 LA SALLE STREET, CHICAGO.
SECURE BANK VAULTS
W. T. IRWIN.
FRANK ELLIS.
F. H. BALLMANN
Irwin, Ellis & Ballmann*
SUCCESSORS TO
Morehead, Irwin & Co.,
NO.
GENUINE
WELDED CHROME STEEL AND IRON
in Round and Flat Bars, and 6-ply Plates and Angle
FOR SAFES. VAU LTS, Ac.
Cannot be Sawed, Cut, or Drilled, and positively
Burglar-Proof.
CHROME
ST E E L W O R K S ,
Sole Man’Pers in the U. 8.
B R O O K L Y N . N .Y
Stock, Bond and Note Brokers,
51
W EST
TH IR D
STREET*
CINCINNATI, OHIO.
G. R . Voss,
Commercial Paper,
Bonds, Stocks and Investm ent Securities.
608 FIRST NATIONAL BANK BUILDING,
Omaha, Nebraska.
JO
SEPH GILLO
TT’S
THOROUGH CIPHER CODE*
STEEL. PEN S.
Secresy Device Perfect: Copious Blanks: Handy SU*
($1.50 each.) ($3.00 pair.) ($15.00 doz.)
SOLD MEDAL, Paris
exposition,
188k
THE MOST PERFECT OF PENS*
PUBLISHERS,
BURNZ Sc CO.
24 Clinton PI.
or
C. BURNZ*
5th Floor,
33 W all Sfc-
M ay
TH E
7, 1892.]
% n U x z s t f î\ ï v i & m ( l$ r
Sec.
CH RONICLE
v u
g t ft c t im x s .
F itr a ttc ia L
Richard V. Harnett & Co.
T H E AMERICAN COTTON OIL CO..
-I
29 B r o a d w a y , N e w Y o r k , M ay 3,1892.
TO T H E STOCKHOLDERS OF
TH E AM ERICAN COTTON OIL COMPANY.
Y o n are hereby notified:
(1.) That a dividend o f three per centum out o f the
net profits o f the Company has this day been declared
upon the outstanding Preferred Stock o f this Com
pany, payable on the 1st day o f June, 1892, at the
office o f Messrs. W inslow, Lanier & Co., bankers, No.
17 Nassau Street, New York City, to holders o f record
o f such Preferred Stock at 3 o ’clock P. M. on .the 18th
day o f ‘May, 1892...............
The Preferred Stock Transfer Books will be closed
fo r this purpose on the 18th day o f May, 1892, at 3
o ’clock P. M., and remain closed until the 2d day o f
June,.1892, at 10 o’clock A . M.
(2.) That, deeming it for the best interests o f the
Company that provision be annually made for the
retirem ent and cancellation o f the outstanding De
benture Bonds on or before the maturity thereof,
N o v .-l,1900, the Company has appropriated fo r the
current fiscal year a sum sufficient to pay off and
redeem such Bonds to the par value o f Two Hundred
Shd Ten Thousand ($210,000) dollars, on or before
July 1,1892, o f which due notice will b e given by
publication. ■* ** .........................
(3.) That the capital stock o f the Company, as
originally- authorized, has been reduced by the re
tirement and cancellation o f the follow ing amounts,
P referred Stock................................................ ^?^,700 00
Common Stock................
8o4,900 00
T otal.............................................................$1,292,600 00
thus leaving ithe amount o f the capital stock out
standing as set forth in the last Annual R eport o f
the Company.
R. F. MUNRO, Secretary.
Henry W. Donald, Auctioneer.
Richmond & West Point REGULAR AUCTION SALE
OF
Terminal Railway &
Stocks and Ronds,
Warehouse Co.
TUESDAY, May 10, at 12:30 P. M.
under
A t the Real-Estate Exchange & A uction Room
Nos. 69 to 66 Liberty St.
1
1 (For account o f whom it may concern.)
1,000 shares Y ost W riting Machine Co.. $25 each.
39 shares National Park Bank, $100 each.
5 shares South Brooklyn Steam Engine W orks,
$100 each.
60 shares Central National Bank, $100 each.
600 shares Peoria & Eastern R . R . Co. Co. common,
(hypothecated.)
____
26 shares Twenty-third W ard Bank, $100 each.
6 shares East Side Bank, $100 each.
_
26 shares Market & Fulton National Bank, $100
adver
20 shares Southern National Bank, $100 each.
72 shares National Butchers’ & D rovers’ Bank, $25
received by tbe
$9,000 Peoria & Eastern R. R. Co. 4 per cent Incom e
Bonds (hypothecated.)
~
"
$10,000 Chicago Rock Island & Pacific Railway Co.
(Chicago & Southwestern) 7 per ce flt
Bonds, due 1899, inst. M. & N.
$11,000 Lehigh & Wilkesbarre R .R . Co. 7 per cent
Bonds, due 1900. Interest quarterly,
$10,500 Morris & Essex R. R. Co. 1st Mortgage 7 per
cent Bonds, due 1914.
$1,000 St. Joseph & Grand Island R. R. Co. 2d
Mortgage Incom e Bonds.
$10,000 Atlanta & Charlotte A ir Line Ry. Co. 1st
M ort. 7 per cent Bonds, interest J & J.
$2,000 Mutual Union Telegraph Co. 6 per cent
Bonds, due 1911.
. . .
Invention fo r improvement in systems o f electric
lighting, allowed in U. S. Patent Office,
hut patent not issued. Serial No. 407,980.
U. S. Patent No. 467,102, nautical signal or sea tele
phone, together with all foreign patents
granted or applied fo r thereon or there
under.
Lists at auctioneers’, 71 and 73 Liberty St.
N. B.—Sales should be received by noon on Friday
to receive the benefit o f advertising in this paper.
R E O R G A N IZ A T IO N .
Deposits o f securities
the
terms
previously
tised w ill be
Central Trust Co. o f N ew Y o r k
until and
including
M ay
16,
1893.
the
Ca n a d ia n p a c if ic r a i l ’ y co .
NOTICE TO SHAREHOLDERS.
T he Eleventh Annual Meeting o f the Shareholders
of this Company for the election o f Directors and
the transaction o f business generally will be held on
Wednesday, t h e 11th day of May next,
at th e principal office o f the Company, at Montreal,
at 12 o’clock noon.
The. Meeting will be made special fo r the purpose
o f considering, and o f taking such steps as may be
deemed expedient in order to give effect to any legis
lation by the Parliament o f Canada, during its present
Session, authorizing the issue o f additional Consoli
dated Debenture Stock in exchange fo r Mortgage
Bonds o f which the principal or interest is guaran
teed by the Company, and o f authorizing such issue;
such bonds to be held as security fo r the holders o f
Consolidated Debenture Stock.
The Transfer Books o f the Company will close in
Montreal and New York on Saturday, April 30th,
and in London on Tuesday, Aprii 19th, and will be
re-opened on Thursday, May 12.
B y order o f the Board,
CHARLES D R IN K W A TE R , Secretary.
M o n t r e a l , 6th April, 1892.
nH IC AG O & AL.TON RAILROAD CO.
\j
Ch i c a g o , 111., May 2,1892.
N O T IC E -A Q U A RTE R LY DIVIDEND o f TW C
D O LLAR S PER SH AR E has this day been declared
on the PR E FE R R E D AND COMMON STOCK o f this
com pany, payable on the F iR S T D A Y o f JUNE
n ex t to stockholders o f record at the close o f busi
ness hours on the 10th inst.
The dividend oh shares registered in New York
w ill be paid at the office o f the com pany’s agents,
Messrs. «U Y L E R , MORGAN & CO., 52 W illiam St.,
New York, and the dividend on shares registered in
Chicago will be paid at the office o f the Treasurer
o f the com pany.
C. H . FOSTER, Treasurer.
P ENNSYLVANIA
PANY.
R AIL R O A D
COM
TR E A SU R E R ’S DEPARTM ENT,
P h i l a d e l p h i a , May 2,1892.
The Board o f Directors have this day declared a
Semi-annual Dividend o f TH R EE PE R CENT upon
the capital stock o f the Company, clear o f tax, pay
able on and after May 31 next, to shareholders as
registered on the books o f the Company at 3 P. M.,
April 3 0 , 1892. .
On Saturday, May 28, Dividends will be paid to
W om en only.
ROBERT W . SMITH, Treasurer.
rpHE LA K E ERIE & W ESTERS KAI L-
X
ROAD COMPANY
A dividend o f one and one-quarter (1M) per cent
on the preferred stock o f this company has been de
clared out o f the net earnings fo r the quarter ending
March 81,1892, payable at the office o f the company,
No. 80 Broadway, New York, on and after May 16, to
holders o f record April 30,1892.
T he transfer books o f the Preferred Stock will be
Closed at noon on Saturday, April 30, and reopened
at 10 o ’clock A . M. on Tuesday, May 17,1892.
L. M. SCHW AN, Secretary and Treasurer.
TR O W
D IR E C T O R Y .
P R IN T IN G
&
X
BOOKBINDING COMPANY.
Office, 205 East 12th St., New York, April 26,1892.
DIVIDEND NO. 3.
A dividend o f two per cent on the preferred stock
o f this company for the quarter ending April 15,1892,
has been declared and will be paid on and after May
16. The transfer books will close April 30 at noon
and reopen May 17 at 10 A . M.
Dividend checks will be mailed to stockholders.
W . H. BATES, Secretary.
"OASTERN DESPATCH AND DELIVERY
.E j CO.—The Board o f Directors have declared a
quarterly dividend o f 2 per cent upon the capital
stock o f the company payable on and after May 16,
1892, to shareholders as registered on the books o f
the company at 3 P. M. on May 10,1892. The books
will be closed from May 10,1892, to May 18,1892.
H E TH LORTON, Treasurer.
NEW Y O R K , M A Y 6, 1892.
By order of the Committee.
G. S. ELLIS, Secretary.
U N IO N M U T U A L
Life
Insurance
Company,
P O R T L A N D , M AINE!.
INCORPORATED 1848.
JOHN E. D eW ITT, President.
The increasing tendency o f the public to patronize
the s m a l l e r and more c o n s e r v a t i v e o f the L ife
Insurance companies o f the country had its effect
upon the business o f the Union Mutual L ife Insur
ance Company in 1891, which was one o f the best in
the Company’s history.
Parties desiring to negotiate fo r agencies are in
vited to address the Home Office, or any Manager ®f
the Company, for further information.
Transfer books will close in New York May 10, at
the office o f the Knickerbocker Trust Company, 18
W all st., New York, fo r the purpose ofjdividend, and
the general meeting to be held May 28, fo r the pur
pose o f approving such dividend as may be advised
by the board.
W IL L IA M T. B AIR D , Secretary.
New York, May 6,1892.
T he undersigned hold. R E G U L A R W E E K L Y
AUCTION SALES o f all classes o f
STO C KS AN D
BONDS
ON
EVERY WEDNESDAY.
The Mutual Benefit
A D R IA N II. M U L L E R & SOM,
LIFE INSURANCE CO., N E W A R K , N. J .
AMZI DODD, ............................... President.
Assets (Market Values), Jan. 1,1892... .$48,930 278
Liabilities (N.Y. and Mass. Standard).. 45,384,486
Surplus......................................... ............ 3,545,792
Surplus, by form er N. Y. Standard,
(Am. E x . 4J<j per cent Reserve).......... 6,137,600
05
00
05
05
POLICIES ABSOLUTELV NON-FOB F iOITABLK AFTER
SECOND YEAR.
I n c a s e OPLAP8E t h e P o licy is c o n t i n u e d i n f o r c e
as lo n g as its v a lu e w ill pay fo r : or, i f p re fe rre d , a
P a id-u p p o lic y f o r its fu ll va lu e is issu ed in exohan ge.
A fter the second year Policies are i n c o n t e s t a b l e ,
except as against Intentional fra u d ; and aU restric
tions as to residence, travel or occupation are removed.
C a s h l o a n s are made to the extent o f 50 per cent
of the reserve value, where valid assignments o f the
policies can be made as collateral security.
L o s s e s paid im m ediately u p o n co m p le tio n an d ap
pro v a l o f p ro ofs.
A . Strassburger,
STOCKS & BONDS B R O K E R .
SOUTHERN INVESTMENT SECURITIES.
Montgomery, Ala.
W ASTED :
Hunt’s Merchants’
Mag azine.
A COMPLETE SET.
Address, giving price,
W IL L IA M B . D A M & CO.,
102 William Street, New York.
Atlantic Mutual Ins. Co. Scrip
D E A L T IN B Y
Augustus Floyd,
32 P IN E S T R E E T , N E W Y O R K .
New York Belting & Packing Co.. Limited.
STO C K S and BONDS
A t Auction.
Wm. Fisher & Sons,
BAN KERS AN D BROKERS,
2 3 Sonth Street,
B A L T I M O R E , BID,
NO. 1 PINE STREET, NEW YORK.
N e w Y o r k , May 5,1892.
To the First Mortgage Bondholders of the
Elizabethtown Lexington
& Big Sandy R R . Co.
Pursuant to a basis o f settlement made between
this Company and the Committee o f First Mortgage
Bondholders, all first mortgage bondholders o f the E
L. & B. S. R R. Co. who have not yet deposited their
bonds under this Company’s circular o f Feb. 1,1892,
or with the Committee o f First Mortgage Bondhold
ers under their agreement o f Feb. 15,1892, are here
by notified to deposit same with Drexel, Morgan &
Co., 23 W all Street, on or before May 18,1892, on the
basis o f the modified arrangement set forth in this
Company’s circular o f May 4,1892.
A fte r that date deposits, if received at all, wUl be
subject to such penalties as may be prescribed.
Bondholders who deposited under this Company’s
circular o f Feb. 1,1892, and desire to accept the modi
fied terms agreed on with said Committee may ar
range to do so at the office o f Drexel, Morgan & Co.
Nearly seven-eighths in amount o f the bonds have
already been deposited under the circulars or agree
ments above mentioned.
The Chesapeake & Ohio
Railway Company,
B y M. E. INGALLS, President.
T O IN V E S T~ RS.
The Sunflower Land tk Manufacturing Co. offers fo r
sale 90,000 acres o f the finest land In the Mississippi
delta. The soil is the richest loam—unsurpassed fo r
cotton. It is heavily covered by virgin forest o f the
best quality o f hard-wood timber. It is all in Sun
flower County, Miss., convenient to river and raU.
The entire body is offered at a price but little in
advance o f figure at which the tim ber alone has ju s t
been sold from 16,000 acres o f it. F or particulars
T . B. T R E Z E V A N T , President,
Memphis, Tenn.
TH E
CHRONICLE.
Iptxatijcial.
|VOL. LIV
ffimmciat.
SU B SC R IPT IO N F O R
$ 3 ,0 0 0 , 0 0 0
IL L IN O IS
CENTRAL
R A IL R O A D
CO .,
BONDS.
4 PER CENT GOLD
Cairo Bridge Bonds of 1950.
P rovidence G old 4 s ............................1 9 2 2
INTEREST P A Y A B L E SEM I-ANNUALLY ON JUNE 1ST AND DECEMBER 1ST.
PR INCIPAL P A Y A B L E DECEMBER 1ST, 1950, IN N EW YORK.
H o ly o k e 4 s ............................................... 1 9 1 0
T o ta l Issue: T h ree m illion Dollars.
The undersigned and their agents and correspond
ents in Europe offer for subscription the
$ 3 ,0 0 0 ,0 0 0
BONUS A T 96*a P E R C E N T ,
P A Y A B L E AS FO LLO W S:
5 per cent or $50 per bond on allotment.
9 1 ^ per cent or $915 per bondon June 13th.
9 6 ^ per cent or $ 9 65 per bond of $ 1 ,0 0 0 .
Against which bonds will be delivered bear
ing interest from June 1st, 1892.
The Illinois Central R R . Co. states to us in a letter
dated April 20th, 1892, the follow in g:
“ By a resolution o f the Board o f Directors o f the
Illinois Central R R. Co., adopted April 20th, 1892, an
issue o f $3,000,000 4 per cent Cairo Bridge Gold
Bonds, payable Dec. 1,1950, with coupons attached
payable, likewise in gold, on the first day o f June and
December in each year, was authorized.
“ T o secure these Bonds there will be pledged with
the United Slates Trust Company o f New York the
entire issue o f $3,000,000 o f the Chicago St. Louis &
New Orleans Railroad Company’s Five Per Cent First
Mortgage Cairo Bridge Bonds, payable in gold Dec.
1st, 1950. The Illinois Central Railroad Company
will also by a Deed o f Trust convey to the said Trust
Company, as Trustee, its interest in the Cairo Bridge
and in the approach thereto on the Kentucky shore
as well as the approach on the Illinois shore o f the
river.
“ By virtue o f an exceptionally liberal charter, the
Chicago St. Louis & New Orleans R R. Co. undertook
the building o f a Bridge over the Ohio River at Cairo,
and the Approach thereto on the Kentucky shore.
These works were com pleted and the Bridge opened
fo r traffic on Oct. 29, 1889. The cost in cash was
$2,649,485*95. The Illinois Central R R. Co. has ex
pended $374,091*10 in building the Approach on the
Blinois side o f the river, thus making the total out
lay to Dec. 31,1891, $3,023,577*11.
“ The Bridge and the Kentucky Approach have been
leased by the Chicago St. Louis & New Orleans R ail
road Company to the Illinois Central Railroad Com
pany until A . D. 2282, fo r a net annual rent o f
$180,000, payable in gold.
“ The Mortgage fo r the $3,000,000 Chicago St.
Louis & New Orleans 5 per cent First Mortgage
Bonds provides that the rent shall be applied to the
payment o f the interest on the Bonds to the extent
o f $150,000 per annum in Gold, and that the remain
der shall be used until Dec. 1,1901, fo r the accumu
lation o f a Contingent Fund, available in case o f
accident to the Bridge, which Fund, it is estimated,
will, (accidents excepted,) reach $500,000 b y that
date. That from and after Dec. 1,1901, there shall
be yearly set apart from the rent $20,000 Gold fo r a
Sinking Fund fo r the retirement o f the Five (5) per
cent Bonds at maturity. This Sinking Fund, with
compound interest, if invested at 4 per cent, will
amount at the maturity o f the Bonds to $2,981,090The remaining $10,000 o f rent is, i f necessary, to be
devoted to making up the Contingent Fund to $500,000, in case it should not have reached that figure or
shall have been drawn upon.
“ Through the com pletion o f this Bridge the Illi
nois Central has becom e a continuous thoroughfare
by rail from the Upper Mississippi River and the
Great Lakes through the Central V alley o f tne
United States to the Gulf o f M exico under one
management and ownership.”
The Bonds are o f $1,000 each and to Bearer, with
provision fo r registration at the option o f the holder,
as set forth in the Bond.
Interest and Priucipalare payable in New York in
Gold Coin o f the United States.
THE SUBSCRIPTION W IL L BE OP
ENED AT 10 O’ CLOCK ON M A Y 1CTH,
AND M A Y BE CLOSED W ITHO U T NO
TICE AT ANY TIME THEREAFTER,
THE R IG H T BEING RESERVED TO
REJECT AN Y APPLICATIONS AND TO
A W A R D A SM ALLER AMOUNT THAN
APPLIED FOR.
Default o f payment o f the balance due on June
13th will render the previous payment liable to fo r
feiture.
A simultaneous issue of these bonds will be made In London by Messrs. Speyer Brothers,
in Frankfort O-M, by Mr. Laz. Speyer Ellissen, and in Amsterdam by Messrs. Boissevain
Bros. ard Messrs. Teixeira de Mattos Bros., Administration Office ol American R R .
Shares.
___ ___
___ ___
__ __
S P E Y E R
M IL L S
&
CO.,
B U IL D IN G .
L o w e ll 4 s .................................................. 1 9 2 0
L y n n 4 s ......................................................1911
C oncord, N. H . , 4 s ...................
1922
N ashua 4 s ................................................ 1 9 13
P o rtsm o u th 4 s ..................
1907
C leveland 6 s............................................ 1 8 97
C olu m b u s, O ., 4 l - 2 s ...........................1921
D ayton 5s.......................
1 9 1 3 -1 9 1 5
D ayton 6 s . . . ................................. 1 8 9 8 -1 9 0 2
H en n ep in Co, (M in n .) G old 4 1 - 2 s. 1921
M a rlo n C ounty (I u d .) 4 1 - 2 s . . . . . . 1 9 0 0
R o sto n Sc L o w e ll R . R . 4 s .............. 1 9 3 2
Concord Sc M on trea l R . R . 4 s .... 1 9 2 0
Old C olony R , R . 4 s ............................1 9 38
C. C. C. Sc St, L o u is D iv . 4 s ............1 9 9 0
C hic, B u r l. Sc Q u in cy 7 s ................. 1 9 0 3
B u r l. Sc M o . R iv e r E x e m p t 6 s .... 1 9 18
R io G rande W e ste rn G old 4 s .......1 9 3 9
St. L o u is Sou th , (g u a r.) G old 4 s ..1 9 3 1
PA RTIC U LAR S ON A PPLICATION ,
Spencer Trask & Co.,
10 W A L L S T ., N E W Y O R K .
16 CONGRESS ST. BOSTON.
GUARANTEED STOCKS
YIELDING
4 3-4 to 5 Per Cent Net.
ALSO
N e w Y o r k , May 5th, 1892.
H IGH -GR A DE
IN VESTM EN TS.
INVESTM EN TS.
Chicago & Southwestern First Mortgagee's.
(Guaranteed by Chicago R ock Island & Pacific.)
St. Louis Jacksonville & Chicago Second
Mortgage 7s.
(Guaranteed by Chicago & A lton.)
Evansville '& Richmond First
Mortgage 5s.
General
(Guaranteed by Evansville & Terre Haute.)
Rensselaer & Saratoga 8 per cent Stock.
(Del. & Hudson guar.)
Pittsburg McKeesport & Youghiogbeny 6
per cent Stock.
(Lake Shore guar.)
Chicago Milwaukee & St. Paul Convert
Broadway Surface Second Mortgage 5s.
Town of West Hartford 4s.
ible 7 per cent Bonds.
New York Lackawanna & Western 5 per
(I. & D. Extension.)
cent Stock.
(Guaranteed by Delaware Lackawanna & W est.) Chicago & Erie 1st 5 per cent Bonds.
Chicago Dayton & Ironton First Mort
(New Y ork Lake Erie & W est.)
gage 5 s .(Cuaranteed by Cincinnati Hamilton & Dayton.)
FOR SALE B Y
A. M. K ID D E R
& CO.,
18 W A L L STREET, NEW Y O R K .
J . S. Farlee & Brother, Charles T . Wing & Co.,
11 W A L L S T R E E T , N E W Y O R K .
BONDS,
FOR SALE.
A Banking business, building and fixtures, in one
Of the growing and prosperous towns o f Kansas,
having a good line o f deposits and business: no
liabilities. The bills receivable held by the Bank
will be left with the purchaser fo r collection, or their
payment guaranteed. Good reasons given fo r sell
ing. Address,
REED & FLAG G,
NO. 11 P IN E S T R E E T , N E W Y O R K .
Milwaukee City RR. 1st mortgage 53.
Terre Haute & Indianapolis RR. 5s,
Honsatonic RR. Preferred Stock.
Rochester Railway Co. Bonds and Stock.
Carlinville Water Co. 1st mortgage 6s.
Merchants’ Despatch Trans. Co. Stock.
D E A L T IN B Y
SAMUEL H. BARROWS, 34 N ew St .
3 je ©lironiclc.
£h
Annual Subscription:
Frank E. Wing,
Henry A . Glasstord.
Edward N. Gibbs, Special.
In the United States and Canada....$10 00
In Europe................................. (£ 2 8s,) 11 50
OTIS TURNER,
B a n k . T r u st C o., G uarantee C o,,
Life a n d F ire In su ran ce, G as, Eleetric
W ANTED.
L ig lit, Street R a ilw a y an d In d u stria l
A GOOD MAN W H O HAS H A D EXPERIENCE Securities lo c a l to N ew ark
in selling securities and can control capital and un-
F O R SALE B Y
18 W A L L STREET, NEW Y O R K .
New England Building, Kansas City, Mo.
derstands promoting, to represent a W estern house
fo-sell their securities; pay large commissions to start
on, and investments all guarantee 0 and 7 per cent
dividends. D on’t answer unless you can give refer
ence and understand your business. Address.
W e st e r n , this office. |
R A IL W A Y BONDS.
These prices include
Investors’ Supplement of 150 pages.!
State and City Supplement ol 184 pages.
D E A L T IN B Y
W IL L IA M B. DANA & CO., Publishers
J . S. R IP P E L ,
102 William Street, NEW Y O R K .
7 C lin ton Street, N ew a rk , N. J
P ost O m c i Box 958.
HUNT’S
MERCHANTS’
MAGAZINE,
§)
g U W jS J U lp ff,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
Entered according to Aot of Congress, in the year 1892, by Wm . B. D ana & Co., in the office of the Librarian of Congress, Washington, D. G.]
NO. 1,402.
SA T U R D A Y , M AY 7, 1892.
VO L. 54.
I
For the month of April the increase over a year ago -
(L b x a w reaches 5*8 per cent in the whole country and 5’ 1 per cent
outside of New York. The aggregate since January 1 exhibits
a gain over 1891 of 18 •! per cent. ______ __________ .
CLEARING HOUSE RETURNS .
The total for the whole country falls below the aggregate
for the preceding week one hundred and forty millions of
dollars, accounted for in part by the less active speculation in
share properties. Contrasted with the similar period of 1891
there is a decrease of 13-6 per cent in the total, and a loss of
8*8 per cent outside of New York._________
Week End’g April *3.
Week Binding April SO.
’
1832.
*
628,244,296
1891.
P . Cent.
1892.
P. Cent
*
735,583,978
$
779,265,490
-1 9-4
+8-1
N ew Y ork ........................
Sales of—
J
C
(2.036,003) (-44-4
(1,908,544)
(-3-2)
(1,131,848)
(Stocks............. shares.)
(343,700) +133-7)
(816,900)
(-+6-5)
(803.100)
iCnttvn................bales.)
(G rain.............bushels.) (82,661.937) (83,301,025) (—60*8) (32,143,650) (-70-4)
(660,000) (+150-0)
(838,000) (-65-4)
(300,000)
( Petroleum...........bbls.)
A vril.
1802.
•Voir Y ork.
1891.
Four Months.
P.Ct.
1892.
\P.OU
6
3.075,517,SC 2,805,877,744 + 6-2 13,122,248,785 10,603,520,778 +23-8
O
Boston............
Providence....
T artford........
New H a ven ...
■ipringfleld....
W orcester......
Portland.........
Lowell . . ... ... .
New B edford.
403,798,020
28,037,500
0,816,330
6,302,343
6,825,150!
4,731,517
4.803,264
3.647.347
2,108,716
T otal N. Bn«
462,463,205
Philadelphia..
P ittsburg......
Baltimore .....
Buffalo...........
W ashington..
Rochester —
S yra cu se...;..
W ilm ington..
Binghamton..
501,246,461
1,651,171,213
93,396,300
37,083,514
22,400,114
20,602,965
19.890,349
20,430,062
12,772,833
7,894,063
-8 -9
-3 -2
+0-9
+ 1 q-2
+9-7
—8 6
-12-5
479,279,167 -3 -5
317,410,181
66,796,601
60,543,137
82,317,783
8,472,226
6,667,762
8,928,163
8,954,508
1,147,100
Total Middle
419,080,505
23,806,100
9,135,915
6,719,701
6,329,727
6,179,053
6,488.199
3,500,892
2,038,985
1,853,268,251 L786,222,043 +3-8
+13-5 1,287,915.760 1,082,291,031
220,857.583
246,538,291
+7 9
23’.,829,084
263.251,424
+8-3
118,834,884
132,435,602
+ 13 3
28,468,616
32,342,228
+13-2
24,340,198
24,919,308
+1-9
14,073,811
16,006,569
+ 1-2
14,275,235
-i-7'6
14,890,112
4,015,900
4,404,200
+2 «
87,830,601
4,703,300
1,969.562
1,291,361
1,250,(63
1,303,003
1,007,986
875,095
877,415
104,853,271
4,940,700
1,936,175
1.351.151
1,351,588
1.144,975
1,127,816
837.053
400,459
—W S
-8 -7
+28
—4-4
—7 6
+13-8
—10-6
+4-5
-6 -7
91.155.037
6,314.600
2.121.740
1.542,557
1,404,280
1,434,533
992,354
904,754
417,218
T otal New E ngland...
100,688,836
117,949,188
-14-6
105,287,073
Philadelphia...................
Binghamton................... .
64,970.331
18,375,897
13,052,750
7,880,253
1,794,623
1,279,900
810,384
803,842
228,100
88.309,585
13.478,177
12.144,213
6.459,014
1,956.968
1.605,073
811,138
785,438
239,100
-4 -9
+215
+7-5
+21-2
-8 -3
—20-3
—0T
+100
-4 -6
85,888,154
17,933,912
15.288,528
7,944.874
1.809,730
1,389,136
893,657
992,406
280,200
T otal M iddle................
107,215,075
105,788,696
+1-8
132,420,597
+27-0
L exin gton ........................
88,603,037
12,521,560
0,408,074
6,230,000
4.834,962
4.033,000
2,095,308
1,756,858
790,648
335,476
91,404,758
12,818,250
6.542,569
6,197,488
4,676,541
3,050,300
2,121,404
1.882,077
099,896
405,990
—S'l
—2-3
+16-0
+0-6
+3-4
+32-0
—1-2
-0 -7
-+13-1
—17-4
89,610,311
12.808,200
6.219,398
6,335,360
5,677,812
3.952,000
2.172,818
1.690,200
835,660
380,000
+5-5
+3'8
+28-3
+5-9
+21-0
+34-0
+ 19 3
-Ht'S
+20-1
-t-6*5
T otal Middle W estern.
127,608,912
128,804,223
—1-0
129,687,705
Ban Francisco.............. ..
L o s Angeles....................
15,838,284
1,330,079
«,233,208
836,980
806,119
1 633,026
18,978,667
2.207,074
1,011,280
1.037,985
810,502
612,412
-10-5
—17-1
+ 386
—19-4
-0 -5
-+S-4
13,444,731
1,734,950
2,246,973
943.004
879,806
699,286
T otal P acific................
22,177,396
25,258,500
—12-2
19,948,750
-6 -4
Kansas C ity.....................
T op eka............... .............
9,031,085
5.569.511
4,649,042
. 5,990,320
4.586,158
1.576,317
1,468,271
1.038.531
1,313,78a
545,566
617,317
377,003
8.591,907
6.438.521
4.367,105
4.255,710
4.274,428
1,850,058
1,468,672
1.267,321
630,531
525,480
046,376
361,984
+5-1
—13-5
+6-5
+40-8
+7-3
—14-8
-0 0 3
—18T
+108-4
+3-8
—4-5
+4-1
9.214,758
7.156,282
5.335,023
4,210,705
4,808,111
1.734,544
1.564,837
936,913
1.396.246
532,336
492.411
402,207
-8 -7
+14-7
+42-7
+7-5
+59
+14-7
+11-8
—0-9
+35T
' +0-3
—1*4
—3*1
St. L o u is ......
New Orleans.
Louisville......
Memphis.......
Richmond ...
G alveston....
H o u s to n .......
Nashville.......
Dallas.............
N o rfo lk ..........
Fort W o rth ...
Birmingham..
T otal Other W estern..
36,762,940
84,678,188
+60
37,785,033
+10-2
Chattanooga..
Bt. L ou is.........................
New Orleans...................
L ouisville........................
M em phis............. ............
R ich m on d ........................
G alveston........................
Chattanooga....................
S avannah*......................
A tla n ta *.........................
22.820,171
8,985,214
0,031,910
2,416,400
2.335,009
J ,751,081
1.521.324
1,096,225
780,185
859,345
390.00C
585,15«
500,00C
898,400
1,092,493
1,301,489
20.193.231
9.033,618
7,687,166
1.939.549
2.123,291
2.815.24«
1.348,23«
2.162.25«
926,54«
830.517
698,627
067.545
492,931
398,000
+ 130
—6-7
—13-7
+24-«
+10-C
—24-1
+12-8
-21-5
—15-i
+3-5
—34t
—14-1
+1-1
+0-1
24,471,724
9.495,902
6.691,089
2.231.704
2,307,978
1.541,701
1,483,280
1,961,094
895,000
935,000
375,000
613,191
418,27<
449,000
1,216,410
1,192,660
T o ta l S ou th ern ...........
51,e50,471
51,300,767
+0-7
53,869,038
976,629,515
972,894,271 +0-4
T otal South. ” 232,961,976 ~23L855,498 +0-5
+21-9
-f 3 9
5,086,413,281 4,809,379,055 + 6-8 21,242,320,895'17,983,759,990 +18-1
—6*8
Potai all......
+2"5
0 7 Outside N. Y . ¿1010,895,924 1,912,601,231 + 5T 8,120,072,110 7,380,239,212 + 10-0
—22‘2
Our compilation of sales, &c., for four mouths is as follows:
+5'0
—23 8
Four Months, 1891.
—8*3
Four Months, 1892.
-f-18
—24-7 Description. P a r Value
detail
A v er’ge
A ver’ge P a r Value
Actual
—H '9
Value.
Price.
P rice. or Quantity
Value.
or Quantity
+10-9
—6"2
19,725,479
87,175,242
Stock 1 ®aL 63207740950 [ 1955994400 61-0 { 61905,837,410 ( 1062434272 55-7
.... R R . bonds.. 6234.128,750 *178,733,5*6 70-3
6123,540,300 697,612,0)5 79-0
6730,800
6883,344 120-9
6773,084 116-6
6632,750
Gov’t bonds
61,002.300
$055,9 ’Ö 01-7
+6*2 State bonds.
6704,173 61-8
61,140,050
6911,410
$1,333,945 140-3
6532,093 152*0
6348,890
Bank stocks
+8-3
6*033,082,250 61,162919522 67-2
T o t a l... 634440*1390 62,136737*70 02-4
P , 997.520 73 1-30.
65,206,985 5816-10
12,270,000
8,996,000
Pet’l’m.bbls
6420,988,550 pa-92
7,877,300 6358.293.90» 645-48
+9-3 Cotton..bis. 11,720,100
-6-8 Grain, bush. 765,476,(87 6635,957,960 83 7-10C 771,252,420 «773,038,317 1001-30
New Bedford..............
P ort W orth .....................
T o ta l a ll........................ 1,071,407,920 1.243,141.052
Outside New Y o r k ...... 446,103,630 463,876,002
Montreal*....................
■ * N ot inolwded la totals.
10,533,375
1,300,00<
5,268.911
678,987
8,930,657
1,046,534
......
—13-fl 1,214,58*, 13S
—F« 778,890,167
+18-S
+24-J
9,537,01«
l,057,*4e
6,483,50c
08.5»
-6 -7
+3-4
+3-0
+14-5
+15-4
+18-0
—10 2
-0 -6
+32-8
C h ica g o .......
—4"3 Cincinnati....
Milwaukee...
+36-4 Detroit.. .. ...
+15-6 C leveland.. ..
+ 23 6 C olu m bus....
+0-2 Indianapolis...
- 3 9 P e o ria ...........
—1-2 Grand Rapids
- 7 5 L exin gton ...
+8-0
Tot.M.West.
+19-3
317,709,049
54,825,850
20,799,786
26,448,183
20,796,395
13,298,200
8,455,663
7,690,373
3,196,311
1,725,422
559,816,511
San Francisco,
Portland........
Salt Lake City
Seattle...........
T acom a........
Los Angeles.
64.883,064
8,558,974
9,060,510
3,979,600
3.526.700
2.813.000
T otal Pacific
92,801,857
Kansas City..
Minneapolis..
St. P a u l... .
O m aha.... . .
+7-8 Denver.........
Duluth...........
-13-0 St. Joseph ...
- 2 1 Sioux City ...
+57-1 Des Moines. .
+ ii-| W ichita...........
—12-8 L in coln ..........
—0-8 Topeka...........
88,759,581
29,777,966
20,796,938
21,613,688
21,103,994
7.216.000
6,905,390
4,615,171
6,426 839
2,333,051
2,440,200
1,618,096
T ot oth’rW . l e i , 605,914
o r o p.a
448,651,095 +11-7 2,022,703,394 1,738,987,322 +10-3
103,381,629
39.297,471
30,898,724
9,913,219
10,350,000
8.117.700
6.430.000
8,177,333
4,026,270
3,493,509
2.007.000
2,460,091
2.394.000
2.015.000
+ 10-6 1,551.331,767 1,820,478.764 +17-5
+ 7 ‘6
+249
+ 4'2
+112
+29-1
+ 12-6
+ 2-8
+ 12-6
+ 8 ‘5
217,8(7,250 r+10'9
241,614.800
90,402,439 + 21-0
109,390,284
109,193,905
95,831,77* +11-9
81,559,372 +11-5
90,915,202
58,350,900 ‘ 50,183,600 +12-3
82,170,885 + 0-9
35,345,696
30,937,780 +4'8
32,425,444
14,724,563
14.447,852 +1-9
7,348,849 + 5 ’3
7,727,980
504,945,202 +10-9 2,247,020,541 1,941,198,563 +15-8
—14’3
+6-5
+27-2
—5 4
-5 -1
—4-0
257,751,081
34,007,416
30,348,079
15,684,235
14,925,009
12,669,568
285,964,591 - 9 9
31,055,432 ï+ 9 ’5
29,362,018 +8-4
17.908.783 -1 2-4
15,382,826 —3-0
12,069,466 +5-0
101,666,873 -S-7
365,385,448
391,742,916 - 6 7
—4’2
+13-2
+24-0
+30-3
+10-4
+ 1-0
+33-6
+ 2 ‘7
+1-9
-1 -4
155,161,392
121,051,061
81,165,943
89,915,488
84,221,426
31,376,365
29,443,313
18,582,243
16,900,068
9,431,869
11,002,284
6,813,631
145,001,782
93,275,750
64,909,422
07,625,702
71.814.783
26,959,168
25,478,633
17,147,769
12,601,033
9.162,710
8,501,438
6,715,907
147,103,428 +9'7
”655,064,961
75.618,641
8,038,908
7,125,350
4,206,681
3,716,353
2,031,010
40,444,496
25,415,256
16,766,128
16.596.582
19,823,712
6,892,698
6.253,191
4,542,897
4,061,245
2,269,975
2,395,315
1,642,933
89.499.582
43,993.309
32,440,102
9,996,735
9,999,024
10,978,211
6,391,128
9,674,912
3,802,602
4,100,260
3,383,438
3,051,230
2,454,963
2,090,000
+15-5
-10-7
—4 8
—0-8
+3'5
—26T
+06
—16-5
-I-5-9
-14-8
—40-7
—19-4
-2 '5
—3-6
63.1989807771
+U6
549,194,097 +19-3
398,193.542
184,’ 00,442
122‘574,781
54,2 >9,353
41,280,929
40,071,012
31,153,642
83,239,625
18,030.715
15,744,709
9.449,145
9,718,242
10,650,378
7,523,000
358,787,019
207,051,617
124,887,169
48,181,706
88,575,903
48,061,449
29,329,077
37,913,494
17.491,133
17,234,005
18,894,541
11,984,522
10,730,376
8,491,000
+53
T otal value
+7-0*
+29-8
+25-0
+38-0
+17-3
+10-4
+15-6
+8-4
+34-1
+ 2'9
+29-4
62,3038 «9354
+ 11-0
—11-1
-
1-8
+12-7
+7-0
—16-6
+ 6'2
- 11-6
+3-1
- 8 -7
—320
—18-9
—0-7
—11-4
740
TH E
CH EO NICLE.
THE
STATE AN® CITY BEf AflTIVfEifT.
See pages 773, 774, 775 and 776 for our State
and City Department to-day.
A mong other matters o f special
interest will be found an article on the Kings County debt
limit.
THE F IN A N C IA L SITUATION.
With business on Wall Street practically at a stand
still, public notice has been for a time widely centred
on the Brooklyn debt question, it haying received
another shaking up, again however as seems to us, on
a most untenable issue. It is not long ago that a
controversy was started as to whether Brooklyn itself
had not put out obligations beyond its constitutional
limit, but that doubt enjoyed only a very short exist
ence. Now it appears that much the same thought
has found expression through a fear suggested to a
Savings institution and a consequent refusal by it to
consummate its purchase of some Kings County bonds.
The position the Savings institution takes is per
fectly proper; indeed, it is only acting in the
line
of
its
duty since it has been advised
by its counsel that the bonds are invalid.
Every
one should remember, however, in considering such a
claim, that the Legislature has the right to authorize a
city or a county to issue bonds to any extent unless the
amendment to the constitution adopted in 1884 takes
away that right. Consequently that amendment will
not be stretehed so as to fetter the legislative power
beyond the plain meaning of the words used, but will
be strictly construed by the courts in accordance with
its terms. We have written a separate article on this
subject to-day and give it on page 773 in our State and
City Department. As the meaning of the amendment
seems to be so obvious to us, we would ask an attentive
perusal of the article, for these recurring disputes and
assumptions which reflect so unfavorably on Brooklyn
and Kings County bonds are every way unwise unless
there is good ground for the claims made.
Time also has been found this week in the lack of
other more interesting and remunerative engagements
to do a great deal of grumbling over the sins of the
coal combination committed and anticipated. For in
stance, the rise in price is narrated with great exact
ness, being made out by actual count to have been done
twice, once to be sure the rise only covered 15 cents on
chestnut coal, but it sounds far more effectual as an
oppressive circumstance to say twice, so we put it in
the form reported. Still, strangely enough, even after
this double advance, every one admits that coal is very
cheap and that it has been selling too cheap the past
year; hence what has been done is not so much the
cause of offense and the ground of complaint, as what
it is assumed will be done in the summer and fall.
Now we must frankly confess to a belief that
money invested in coal railroads and in all kinds
o f railroads ought to be and is entitled to
a reasonable remuneration equally witKmoney invested
in newspapers, and in merchandise and in farm pro
ducts; and we believe too that newspapers and mer
chandise and farm products will always fare better
when capital in railroads receives a fair return. As to
the Beading combination, our life has been long enough
to see the Reading Railroad pass through two receiver
ships and yet within sixteen years it has never paid a
dividend to its stockholders ; moreover during all that
period its officers never but once have even spoken of
[V
ol
. U Y .
declaring a dividend, and in that case the mere thought
of such an act, though not followed by any distribu
tion, was so great a strain on the company's resources
that it was forced „into receivers' hands in about six
months thereafter. Now we think we are expressing
ourselves with moderation when we say that such a
company is not oppressing the public very severely
when it raises the price of chestnut coal 15 cents.
While we are on this subject we might as well make
one other admission, and that is, we are far from
believing that unrestricted competition is in these davs
a blessing to society. President Roberts puts the oppo
site view very cleverly when he says “ we have never
“ at any time been in harmony with the policy of
“ restricting production for the purpose of advancing
“ the price of a commodity; the interests of our com“ pany are those of a transporter whose object it is to
“ stimulate the production of articles rather than
“ restrict them." The error in the foregoing we
should say is
in
the assumption that the.
policy of any railroad in the particular mentioned
differs in anyj essential degree from the policy of the
Pennsylvania. All roads seek to stimulate production,,
and they do it, too, as the history of every line proves.
But the Reading is the owner of its coal lands— wise
or unwise, it is a fact which cannot be ignored. The
problem, therefore, the Reading has to solve is, shall
it continue to market the output of coal in quantities
greater than consumers can take at a profit to the
miner and the railroad, or shall it regulate the supply
by the standard of profit? The answer of the old
school of economists is, Go on producing until none
but the fittest survives, and then and by that
method raise the-price. This rule, no doubt, was the
only regulator of values when and where people could
be kept out of the knowledge of business methods and
acts, where they had no voice in electing their law
makers, and where governments could be instru
ments in supporting monopolies.
But in these
days such a policy only serves to push the weaker
and the poorer to the wall and give survival to the rich
and the strong, while on the other hand it does not
protect and is not needed as a protection for the con
sumer. The Reading's business is all carried on inside^
of a glass-house, the people have the control in their
own hands, and will quickly suppress the Reading when,
it oppresses them. Let us remember, however, that
up to this time everyone admits that what has been
done by the railroad was vital to it and has not been
oppressive to the public.
As already indicated, Wall street has practically been
at a standstill during the week. Foreign exchange
declined a fraction and has not recovered the loss,
but as it has been claimed all along that the decline
was not sufficient to stop the shipments of gold, and assome gold was withdrawn for shipment Thursday and.
considerably more yesterday, the decline has had no
material effect on transactions at the Stock Exchange.
Other than the gold outflow and the unpromising situa
tion of Richmond Terminal affairs, there has been
nothing except the matters we have discussed above
which have had any adverse effect on business. At thesame time there has been no special effort to depress
prices, operators for a decline appearing to be rather
shy and wary, knowing that securities are in strong
hands, strongly held, intrinsically valuable, and grow
ing more valuable day by day, because they have tha
support of large earnings. It is no surprise, under
these circumstances, that the see-saw movement in.
- May 7, 1892. J
THE
yalues which, we noted last week has been the feature
o f the present week.
The exports of gold this week are wholly confined
"to the withdrawals Thursday and yesterday for ship
ment to-day and amount to $2,600,000. In the existing
condition of the money market this movement has had
o f course no influence on rates. Indeed, money on call
has dropped as low this week as 1 per cent, and large
•amounts have been loaned at that rate, showing how
great is the plethora under the decreased demand.
The rate has not fallen to so low a point since
last January. Another feature worth- noticing is the
reduction of the rate of interest by commission houses
on customers' accounts from 6 to about 4 per cent,
-dealers being unwilling to pay 6 per cent interest on
the amount borrowed for them while money rules so
low in the market. Money on call, representing
bankers' balances, has loaned at 1 and at 2 per
cent, averaging 1^; renewals have been made at
U per cent, and banks and trust companies quote 2 per
cent as the minimum. Time money is abundant, but
the inquiry is light, for the reason that speculation is
dormant, while commission houses are supplying themuelves with call loans, and manifest no disposition to
accept even the low rates on time. Foreign bankers
continue to offer twelve months contracts at 4 percent,
repayable in g o ld ; quotations on good mixed collat'
eral are 2 per cent for thirty to sixty days,
per cent
-for ninety days, 3 per cent for four to five months, and
3 £ to 4 per cent for six to nine months.
Commercial
paper continues in good request; the supply in brok
ers' hands is small, but the amount in the market is
fair ; rates are 3J- to 3£ per cent for sixty to ninety
day endorsed bills receivable, 3£To 4£ per cent for four
months commission house names, and 4^- to 5 per cent
for good single names having from four to six months
to run.
Some anxiety, but more of a political than of a finan
cial character, has been felt at the principal European
centres this week as to the course which would be
taken by Italy to reduce expenses c f the government so
as to bring the outlays within the revenues. It was
reported on Thursday that the proposition to reduce
the standing army by two corps had been abandoned
ewing to the desire of Germany and Austria that the
Dreibund should not be weakened, but the outcome
is uncertain as yesterday the Ministry resigned.
Money continues a drug in Europe, and on Thursday
the rate on call in London according to press dispatches
was 15-16 of 1 per cent. The cable reports discounts of
sixty to ninety day bank bills in London at 1 per cent.
A t Paris the open market rate is 1^- per cen t; at Berlin
it is 1£ per cen t; and at Frankfort I f per cent. The
Bank of England lost £59,000 bullion during the week;
this, as we are advised by special cable to us, was
*due to the import of £323,000, principally from Egypt
and “ bought," the export of £217,000 wholly to Russia
and Brazil, and the shipment of £165,000 to the inte
rior of Great Britain. The Bank of France gained
£770,000 gold during the week, and the Bank of Ger
many, since the last report, lost about £93,000 of this
metal.
Foreign exchange was dull and easier earlier in the
week in consequence of offerings of bills by shippers of.
jjold who had drawn against the consignments sent
forward on Saturday last. Tuesday Brown Brothers &
Go. reduced long to 4 87^ and short to 4 89, and on
ih e following day the Bank of Montreal reduced to the
same figures; yesterday Baring, Magoun & Co. and the
741
CHRONICLE.
Bank, of British. North America also posted short at
4 89. The market closed with nominal rates 4 87£ to
4 88 for long and 4 89 for short/ The arbitrage opera
tions have had little or no influence upon the market, as
the stocks sold have not been remitted for. Rate's for
actual'business yesterday were 4 86£ to 4 87 for 60 day;
4 88 to 4 88£ for sig h t; 4 88£ to 4 88i for cable
transfers ; 4 86 to 4 86£ for prime and 4 85i to 4 85£
for documentary commercial bills. Exports of gold
this week are $2,600,000 all withdrawn for shipment
to-day.
^ i
Our telegraphic, statement of clearings for the five
days ending last night is crowded out of its usual place
to-day, and we give it below. The weather latterly has
■been quite bad in many sections of the country, inter
fering with deliveries by farmers and presumably
restricting general business, and hence the exhibit
made by the clearings for this week must be regarded
as quite satisfactory, for there is an increase over last
year in the aggregate for all the cities and also an
increase at each of the seven leading points with the
single exception of New Orleans, the ratio of gain at
Philadelphia and Baltimore being very heavy: Our
previous five-day statement showed a decrease in the
aggregate and also a decrease at New York, Boston and
New Orleans, though the decrease was in part due
to the fact that comparison was with a period
last year when the 1st of May settlements occurred
to swell the total.
This year these 1st of May
settlements occurred the present week, but while
this was a factor tending to produce a favorable result,
by adding to the clearings, on the other hand the
course of stock speculation had an opposite tendency,
for on the New York Stock Exchange the aggregate of
the stock sales this week has been much smaller than in
the corresponding week last year.__________ ________
Week Ending May 7.
Cleanings .
Returns hy Telegraph.
Per Cent.
1891.
1892.
$650,384,827
87,313,341
68,617,521
13,824,709
98,571,000
20,778,164
' 7,918,882
$624,498,803
83,857,096
60,100,000
11,039,494
89,826,000
19,327,505
8,425,236
+ 4-1
+4*1
+37*0
+25*2
+9-6
+7*5
-6 * 0
Other cities, 5 d a y s . . . . . . . . . . . .
$947,408,534
150,810,923
$887,068,134
140,986,219
+ 6 '8
+7*0
T otal all eities, 5 days.......
A ll cities, 1 d a y . . . . . . . . . . . . . . . .
$1,098,219,457
207,418,263
$1,028,054,353
211,361,207
+ 6 '8
-1 -9
T otal all cities fo r w e e k ...
$1,305,637,720
$1,239,415,560
+ 5 '3
N ew Orleans
..... ............ —
We have also prepared this week our full detailed
statement of bank clearings for the month of April,
and in view of the complaints of dull trade, which
have been so general at least in this part of the country,
the results have decided interest. We find that, taking
the total of all the clearing houses, there is an increase
as compared with the same month last year of 277
million dollars, or 5*8 per cent. W ith,N ew York
excluded, the increase is 97 million dollars, or 5*1 per
cent. This is in both cases a more moderate ratio of
improvement than for the two months immediately pre
ceding, as will be seen by the following.
MONTHLY CLEANINGS.
Month.
Clearings Outside New York.
Clearings, Total AH.
1802.
1801.
P.Ot.
1609.
1801.
A c t.
$
$
$
*
Janaary.... 6,652,864,788 4,067,801,952 +13-8 2,103,748,800 2,010,201,886 +4-7
February ■. 6,807,827,071 3,072,060,063 +81-1 1,060,858,135 1,668,522,867 +18-1
M arch.. ... 5,208,215,774 4,234,110,720 + 25 1 2,035,569,251 1,788,013,198 +13-8
1st quar.. 16,155,007,611 13,174,280,925 422 6 6,100,176,186 6,466,737,951 +11*7
April....,
5,088,413,284 4,800,870,055 +6-8 2,010,896,034 1,913,501,261 +5-1
Thus against 5'8 per cent increase in April,: the in
crease in March was over 25 per cent and in February
742
THE
CHRONICLE.
over 31 per cent. But the circumstances in April were
different. In the first place we are comparing with
totals l»9t year which had been only slightly diminished,
whereas in February and March the comparison was
with totals that had recorded very heavy losses. In the
second place, Good Friday, which last year came in
March, this year came in April. Finally, stock specu
lation for the late month was smaller than for the same
month last year, instead of being yery much heavier as
in February and March. The difference on that account
is very important. This will be seen from the sub
joined statement in our usual form.
SALES
or
STOCK« AT THB NEW Y O RK STOCK EXCHANGE.
109«.
Month. Number
of Share*.
1091.
Value*.
Par.
$
Actual.
Number
of Share»,
«
J H .... 9,902,048 988,019,100 583.888,777
Neb.... n u M .n i 940,071,800 571,380,847
March. 8,988,818 778,189,890 484,094,977
let qr 80,380,100 9,068,880,590 1,588,85»,401
April... 8,815,142 655,620,360 307,184,999
Value/.
Par.
Actual.
%
5,818,789
8,976,894
8,646,978
%
540,188,560
818,304,095
848,087,345
988,489,889
176,068,847
195,997,053
18,541,081 1,908.630,680
639,450,709
699,308,080
422,983,510
7,183,818
The market value of the share sales in April, it will
be observed, was 55 million dollars less than last year,
while in-March it was 289 million dollars greater, and
in February 396 million dollars greater. On the basis
of our usual average of
checks to each transaction,
the result for April is a loss in the clearings arising
from stock transactions of 138 million dollars, against
a gain on that account of 722 million dollars in March
and a gain of 990 million dollars in February. We
furnish now a statement to show the April clearings
(and also those for the four months to April inclusive)
for a series of years at the principal cities.
BANK CLEARINGS AT LEADING CITTHE NOE APRIL.
(000,0004
1802. 1891. 189a 1889. 1888. 1887. 1886. 1885
omitted.)
$
$
$
$
New Y ork ... 3,075 2,890 2,924 2,750 2,572 3,033 2,421 1,868
Boston.........
403
419
426
389
360
406
317
277
Chicago........
384
323
262
348
238
230
196
184
Philadelphia
280
313
318
290
262
188
268
227
St. L ouis. . . .
103
93
89
72
72
74
64
65
San Fran’oo.
65
70
76
05
62
66
46
48
44
New Orleans
89
38
39
31
33
29
28
Baltimore...
61
60
56
49
51
59
48
48
59
Cincinnati...
55
45
53
41
42
52
37
Pittsburg. . .
67
62
70
59
50
43
33
30
39
Kansas City.
42
40
36
35
34
25
17
Total........ 4,613 4,365 4,412 4,056 3,774 4,298 3,448 2,790
Other cities..
473
445
416
242
288
224
170
139
Total all... 5,080 4,810 4,928 4,344 4,016 4,522 3,618 2,929
Outside N.Y. 2,011 1,914 1,904 1,594 1,444 1,489 1,197 1,061
TOUR MONTH«.
(000,000s
1893. 1891. 1890. 1889. 1888. 1887. 1886. 1885.
omitted.)
$
$
#
$
$
$
8
$
New Y ork ... 13,123 10,604 11,843 11,405 9,693 11.305 10.947 7,966
B oston ......... 1,014 1,552 1,656 1,563 1,398 1,469 1,347 1,068
Chicago....... 1,551 1,321 1,177 1,027
929
871
754
673
Philadelphia 1,288 1,082 1,215 1,158
992 1,038
914
722
Bt. Louis___
898
359
358
309
294
285
248
346
Ban Fran’oo.
258
286
251
260
255
232
184
187
184
New Orleans
907
196
190
172
162
145
144
Baltim ore...
963
232
250
206
196
227
198
200
Cincinnati..
241
218
209
183
171
104
159
144
Pittsburg ...
246
221
256
213
190
160
127
113
Kansas City.
155
145
155
145
124
133
81
64
T ota l........ 19,320 16,227 17,56« 16.659 14,414 16,006 1*,104 11,597
Other cities. 1,922 1,757 1,608 1,189 1,005
884
70»
546
Total a ll... 21,242 17,984 19,174 17,848 16,41» 16,950 15,810 12,073
Outside N.Y. 8,120 7,880 7,331 6,44S 5,726 5,645 4,863 4,107
[Voi*. LIV.
the usual elaborate traffic statistics, and we may take
occasion to refer to these another week. As far as the
result of operations is concerned, this was pretty
accurately outlined in the preliminary statements fur
nished last December. The position of the Lake Shore
is one of unusual strength. Nothing has been charged
to construction and equipment account since 1883, all
the outlays for betterments and additions during these
eight years haring been either directly charged to
expenses or paid for out of surplus income. The cap
ital stock has remained unchanged at 50 million dollars
since 1871. The funded debt was reduced $250,000
during the late year by the operation of the sinking
fund, and altogether 5£ million dollars of bonds
have been cancelled in this way. The company held
December 31, 1891, $3,367,705 of actual cash, with
$1,165,642 of uncollected earnings, making over 4*
million dollars together, while the amount owing on
pay-rolls and vouchers was only $1,225,143, and even
if we add on $1,758,002 for the dividend paid the 1st
of February, the total of current liabilities was less
than three million dollars. Gross earnings for 1891
were the largest in the history of the company and
reached nearly 21-J million dollars. The company
charged to expenses in that year $1,016,367 for addi
tional second track and $974,890 for new equipment—
that is, about two million dollars together— and yet net
earnings were sufficient to meet all charges and 6 per
cent on the stock and leave a surplus of $471,470. In
other words, 6*95 per cent was earned for the stock
after spending about two million dollars for improve
ments and additions. The Michigan Central also
charged in expenses the cost of all outlays for better
ments and additions (excepting only new land pur
chased), though the amount of such outlays is not
stated. After allowing for these outlays and for 5^ per
cent dividends on the stock of the company, the ac
counts show a balance of $197,355 on the operations of
the twelve months.
The stock market has continued irregular with trans
actions on a rather limited scale and no decided tend
ency to the course of values. There has been a mani
festation of strength at times, but several of the
specialties have been weak and depressed. Sugar Re
fineries* stock dropped several points on the bringing
of a suit against the company by the United States
Government under the anti-Trust law, and Reading
and some of the other coal stocks weakened somewhat
the last few days under an unfavorable construction
placed on the interview with President Roberts, of the
Pennsylvania Railroad. Northern Pacific stocks have
also been pressed for sale at times, the common, how
ever, yielding more readily in price than the preferred.
Yesterday^Ornaha stock showed great activity and ad
vanced sharply, giving tone to the whole market.
The following gives the week's movements of money
to and from the interior by the New York banks.
In a general way th's indicates results about in accord
with known conditions— that is a loS3 at San Francisco,
representing business on the Pacific Coast, and a loss at
Received by Shipped by
Net Interior
Week E Udini May 8, 1892,
New Orleans, reflecting trade conditions in the South.
N.T. Ranks- N. F. Banks.
Movement
There are also slight decreases for April at Boston and
$4,541,000 $1,205,000 Gain.$5,333,000
450,000
600,000 Loss.
150,000
Kansas City, but these would appear to possess no
" Total gold and legal tenders.... $4,991,000 $l,8O5.OOoloainS3,180,O9O
Bpecial significance.
The other seven points whose
clearings are given separately in the table, report en
Result with Sub-Treasury operations and gold ex
larged totals; indeed New York, Chicago, Philadel ports.
phia, St. Louis, Baltimore and Cincinnati have for
Net Changein
Out of
Into
April 1892 the heaviest clearings of all the years given.
Week Ending May 6, 1892.
Bank Holdings.
Bank».
Banks.
The Lake Shore & Michigan Southern and the
Banks’ interior movement, as above $4,991,000 $1,805,000 Gain. $3,136,000
Michigan Central companies have both issued their an Sub-Tress, oper. and gold exports.. 19,600,000 24,000,000 Loss. 4,400,000
Total gold and legal tenders
nual reports this week. The Lake Shore report contains
$24,591,000 $25,805,000 Loss $1,214,000
THE
May 7,1892. J
CHRONICLE.
Bullion holdingB of European banka.
May 7, 1891.
May S, 169«.
Bank of
Gold.
Silver.
*
Total.
Gold.
Silver.
Toted.
£
£
£
£
«0,786,406
«4,479,1*3 «0,780,406
«»,010,000 100,105,000
100,988,200 60,095,000
47,6*0,000 «0,4*0,607 14,718,*** 44,155,080
««,170,000 6,495,000 10,569,000 «1,094,000
0,911,000 *,889,000 5,69S,000 9,48S,00«
4,164,000 «,040,007 1,5*0,33* 4, »61,000
£
Bngland......... «4,479,133
France............ 88,069,107 SI,31«,09*
G erm any.. .. 88,632,000 11,684,009
6.479.000 16,691,000
A n st.-H n n ’y.
8.187.000 9.724.000
Netherlands..
«,770,000 1.388.000
Nat. B ’lcliwn.
«8,410,660 901,083.405
Tot.thia week 130,«43,340 88,000,093 «18,948,333 ll*,07*,789
T ot. prev. w’k 180.079,888 67,808,718 «17,648,90* 119,8*8,8*7 *6,4«*,067 «00,962,494
GOVERNMENT R EVEN U E
DISB UR8EMENT8.
AN D
In our comparisons with 1891 of tho Government s
monthly financial transactions we have now reached the
period of the year when the revenue suffered
its third decrease under the action of the tariff
and internal revenue legislation of 1890.
The
tariff act went into operation as to the most
of its provisions October 6 1890. On the first
of January 1891 the reduction of the internal
revenue tax on chewing and smoking tobacco and snuff
from 8 cents per pound to 6 cents came into force, while
the repeal of the special taxes on dealers in tobacco,
manufacturers of tobacco and cigars, and peddlers of
tobacco, also began to have its full effect. But with
the first of April 1891 a still more important loss in the
sources of revenue occurred, for then it was that sugar
and molasses became free of all duty.
The foregoing suggestion is important because, as we
have just said, the first of May Treasury figures, issued this
week, cover the month of April 1892, and consequently
compare with April 1891, the first month during which
the Government was deprived of this revenue from
sugar. The total receipts from Customs in April last
year were only $12,592,000, having been $15,373,000 in
March of that year and $18,994,000 in February.
When therefore we see that the revenue from all
Sources in April 1892 has been in excess of April 1891,
and discover also that this excess is chiefly due to in
creased Customs receipts, we become sensible at once of
the reason for the change—that is, we find we are for
the first time comparing with figures on a like basis as
to sources of revenue. To be sure this same item in
March also showed an increase compared with 1891;
but that was occasioned in a similar manner, the com
parison then with a year ago as well as the comparison
now being with reduced imports, sugar being held back
in March 1891 because it was to be on the free list the
following month. Thus, too, it happens that notwith
standing this year's larger revenue in April the receipts
from all sources are still small, being only $27,388,000
against $26,046,000 in April 1891 and $34,017,000 in
April 1890. Of course no one will assume that the loss
in the total for 1892 as compared with the total for
April 1890 is accounted for by the loss in the sugar
revenue ; what we have said previously shows that be
tween those dates all of the changes introduced into
the tariff and internal revenue duties by the 1890 legis
lation have gone into force. The sugar revenue for
the year ending June 30 1890 was $54,256,973, or over
a million dollars a week.
In the month's payments the only important feature
is that the disbursements on account of pensions are
just beginning to show how large the total requirements
for that purpose noware. Under the new method of
making payments monthly instead of quarterly, the
outgoes on that account do not differ materially from
month to month, but the monthly comparison with the
743
previous year becomes quite striking. For illustration
tho pension payment« in April 1891 were only $264,000
whereas in April 1892 they were $12,705,000. But as
we have already said, this difference is caused by a
change of method, and is of no consequence. The im
portant point is that the total pension payments for
this year have with April reached $109,553,000;
furthermore, if they are to average 12 millions for the
next two months as they have for the last seven months,
the year's aggregate will be 133i million dollars, against
124^ millions for the previous fiscal year, a little sh ort
of 107 millions for the year ending with June 1890 and
87^ millions for the year ending J une 30 1889. It
would seem as if such a result as this, and so long, too,
after the war closed, ought to make the public critical
of legislation which causes it.
With receipts declining and disbursements increasing
the net holdings in the Treasury of gold, silver and cur
rency have very naturally fallen off. Indeed, both the
amount in the Sub-Treasury and the deposits in the
national banks are smaller then they were a month ago,
though the change in the latter item is slight. Our
usual statement is as follows.
/______ —
1892 .-______ -*
Holding» by Trtaturer in Sub-Trtat’ict.
April 1.
Net gold coin and bullion.......... .................. $125,815,040
N et eilTer coin and b u llio n .......................
4,499,736
U. S. Trciuury notes, aot July 141890....
11,996,783
Legal tender n o t e « . d e f . 7 , 0 6 3 , 9 4 6
national bank notes... 1 . . . . . .....................
3,884,496
Fractional s ilr e r .......................................
14,746,917
May 1.
$119,909,756
3,894,974
11,726,920
def.8,814,845
4,409,486
14,600,427
Total G or’t ca»h in iub-treaeurlea.......$153,878,031
Amount in national b a n k »............
17,500,750
$146,226,718
17,378,363
Total ca»b in banka and gub-treasuries. $171,378,781 $163,605,081
It appears that there is a loss in Sub-Treasury holdings
of $7,651,313 and in total net cash of $7,773,700. There
is no special importance to be attached to the changes
in the various items of the account. The gold holdings
have fallen off nearly 6 millions. No doubt this is
chiefly due, as is also the loss in cash holdings, to the
fact that the interest on the 4 per cent bonds fell due
on the first of April. As there are now outstanding
$559,580,250 of that issue* one p8r cent (or one quarter's
interest) calls for $5,595,802, which amount covers
almost the entire loss of gold in April, and within about
two million dollars of the total loss in cash holdings.
The change« in the debt are of the same trifling
character that they have been for some time. This
condition cannot fail to continue so long as the revenue
is so much reduced and the disbursements large enough
to absorb the receipts and thus leave no surplus. The
last alteration of any considerable significance was, a3
our reader« no doubt remember, the payment of the 4^
per cents and the continuance of a portion of them at 2
per cent. In the interest-bearing obligations there is a
net increase in April of $400. This is due to the pay
ment of $800 more of ‘the old refunding certificates,
which payment was made (in accordance with the
terms of the certificates) by refunding the same with
accumulated interest (amounting principal and interest
to $1,200) into the 4 per cent bonds ; the payment of
$800 of the old certificates and the issue of $1,200 new
bonds obviously leave* a net increase in the interestbearing debt of $400. Other than this transaction the
only debt changes are the payment of $157,460 of over
due debt on which interest had ceased, a part of the
amount being 4^ per cents not before presented for pay
ment, and the remainder being some other portion of
the old outstanding bonds; also the net payment, of
$621,315 of the redemption fund held against national
bank notes. Altogether, therefore, the net decrease of
the actual debt in April was $778,375.
744
TH E
CHTtONLCLE.
D IF F E R E N T IA L RATES B ETW E EN BOSTON
AN D N E W YORE.
We have received the full text of the decision of the
Inter-State Commerce Commission in the* matter of
th e differential rates to Boston exacted by the trunk
lines over the rates to New York, and it affords oppor
tunity for analyzing the ruling and studying its scope
and nature, besides giving an insight into the process
o f reasoning employed by the Commissioners in reach
ing the decision. The case is rather an important one/
and has attracted a considerable amount of attention.
T he same point was raised on a previous occasion, and
then the course of the railroads was unqualifiedly sus
tained. Now this earlier decision is modified in material
respects, a circumstance which invests the matter with
increased interest.
For special reasons there was considerable delay in
rendering a decision. The present case really involved
two separate complaints, both covering the same point.
T h e first complaint was that of the Toledo Produce
Exchange and the Cleveland Board of Trade against
the Lake Shore & Michigan Southern, the Michigan
Central, the New York Central and the Boston &
Albany railroad companies, and was filed with the
Commission on April 1.1889, fully three years ago.
T he second complaint was that of Edward Kemble
■against the same companies, and was filed January 18
1890.
A recital of the facts regarding the ac
tion shows that the delay was not entirely the
iault of the Commission, but there can be no
doubt that the Commissioners had the case under
advisement a long time, and this of course gives
added significance to the ruling.
But, as already
stated, the whole subject was before the Commission
<on a previous occasion, and they then reached a
^conclusion considerably at variance Avith that now
announced. We have reference to the action brought
in 1887 by the Boston Chamber of Commerce, charging
discrimination against Boston and in favor of New
York. At that time the Commission made a very
exhaustive investigation of the subject, going into
all the details, and examining into every phase of the
matter. The report then rendered was a long and
elaborate one and stated the position of the railroads
with so much force and clearness that in the present
instance the carriers, while denying that existing dif
ferentials were unjust and unreasonable, all took occa
sion to refer to that report and decision as offering a
perfect defense of their action.
The contrast offered by the two conclusions, espec
ially in the strong and unequivocal language employed
in the statement of each, is both noteworthy and curi
ous. In the Boston Chamber of Commerce case the
report and opinion were written by Commissioner
Schoonmaker, and the conclusion was stated in these
w ord s: “ The conclusion of the Commission is
* * * that the existing rates, of which complaint
<( is made, have not been shown to be unjust or unrea*
*e sonable in themselves or relatively, and the petition<{ ers have not shown unjust discrimination against
<f Boston and in favor of New York by reason of those
rates." In the head notes to the opinion, which
were prepared by Chairman Cooley, the same unequiv
ocal language was employed, with this difference, that
Mr. Cooley also embodied the amount of the differen
tials in his summary, saying, “ the differentials on
<( Boston local rates of ten cents per hundred pounds
LV o l . I I V .
“ on the first and second classes of merchandise and of
“ five cents per hundred pounds on the four other
“ classes between New York and Boston on traffic orig“ mating west of Buffalo have not been shown to
“ be unjust and unreasonable or to constitute unjust
“ discrimination against Boston." Certainly nothing
could be clearer or more emphatic than this. But
observe how the Commission now view things on the
same state of facts and substantially the same evidence.
They say : “ The conclusion therefore is reached that
“ the arbitrary differentials of five cents per hundred
“ on all classes of freight beloAv second class, of six
“ cents per hundred on second class, and of ten cents
“ per hundred on first class, are excessive, unjust,
“ unreasonable, and partake of the nature of an unjust
“ discrimination against Boston and New England
“ points, * * and that the differential should no
“ longer be made by an arbitrary sum added to the
“ New York rate, but that said differential should be
“ made by adding a percentage to the New York rate."
In the head notes to this decision the existing differ
entials are characterized as “ unlawful" —from all of
which it would appear that an act may be considered
“ unlawful" by the Commission even after it has had
the previous endorsement of the Commission.
The difference between the two declarations is so
marked that the Commission are obliged to take notice
of it. They make however but brief reference to their
first decision, and the only explanation they offer is
that in that case “ two of the Commissioners expressly
“ recorded their condemnation of the use of an arbitrary
“ in fixing the Boston rate." This directs attention to
the change in the personnel of the Commission during
recent periods, and to the importance of that change as
affecting the rulings of the Commission. At the time
when the case of the Boston Chamber of Commerce was
under consideration, the Commission was composed of
Messrs. Cooley, Morrison, Schoonmaker, Walker and
Bragg. Now the Commissioners are Messrs. Morrison,
McDill, Knapp, Veazey and Clements. It will be noted
that only one of the original Board remains, namely
Mr. Morrison, and he on the »occasion of the earlier
decision dissented from the opinion of the majority,
being one of the two members referred to as having
recorded their disapproval of the use of a fixed arbitrary.
Four of the original five members having dropped out
and given place to new men, it happens that the views
of Mr. Morrison now prevail, and presumably that gen
tleman has been influential in securing the change.
But while this relieves the individual members of the
Commission of the charge of inconsistency, it neverthe
less suggests the query whether the decision of one set
of Commissioners is to be binding upon their suc
cessors, or whether with each change in the Board
there is to be a new hearing, a new adjudication, and
possibly a new ruling. We imagine the latter course
would be as inconvenient to the Commission and o c -.
casion as much annoyance and trouble to them as to the
carriers.
It certainly seems strange that the Commission
should speak in such strong terms of a set of differen
tials to which they had previously given their official
sanction; and yet if their action amounted simply to
the announcement of a preference for the percentage
method over the existing method, doubtless little fault
would be found, since the new method possesses some
favorable points not possessed by the old. It is proper
to say that in this decision, as in the earlier one, the
Commission express distinct recognition of the fact
Ma t 7, 1892.]
TH E
CHRONICLE.
that New Y ork has certain special advantages which
ean not he ignored in any consideration of the problem,
and which insure to it lower rates than to Boston.
The competitive factors operating at New York, they
say, are very strong. “ It is the chief seaport of the
“ United States. There great numbers of steamship
t( lines concentrate. It is the preferred port for all ves(<sels coming to the United States. It receives in the
“ season of navigation vast quantities of freight by the
“ water routes, and all rates to New York are the
c<result of a fierce and constant competition.” The dif
ferentials to Boston, we are told, are also based on other
considerations, such as the greater distance to that
point from the West, heavier grades, smaller trains
necessitating increased expenses, etc., etc.
But the Commission urge against the existing dif
ferentials that they were fixed a great many years ago
when the through rate was considerably higher, and
have been kept unchanged since, so that they form a
much larger proportion of the whole now than form
erly. To our thinking this is not necessarily conclusive
of the need of a reduction. On the contrary it would
seem to prove that as the differentials had been long
established and trade had adjusted itself to them, they
could not well be hurtful to any interest. Still, if the
percentage method were adopted, the differentials in
stead of being fixed and arbitrary would be given
flexibility, an element which they now lack. The per
centage method would also remove one other objection
which the Commission urge against the existing
method, namely the fact that the differential over the
New York rate is the same in amount on the whole of
the four classes from the third to the sixth inclusive
-—that is 5 cents per 100 lbs is added to the sixth class
rate, which is 25 cents, and also 5 cents to the third
class rate, which is 50, and likewise 5 cents to the
fourth and fifth classes which take rates of 35 and 30
cents respectively, thus making the differential a vary
ing proportion of the New York rate rather than a
uniform proportion.
As already stated, if the Commission confined itself to
recommending a change to the percentage method, so
as to remove existing inequalities, the suggestion
would probably meet with approval. As it is, the Com
mission, with the percentage method as a basis, pro*
ceed to enforce a reduction in rates. Taking the 'first
six classes of freight, they find that the addition to the
New York rate to make the Boston rate ranges from
9 per cent to 20 per cent, the average being 13 per cent.
But instead of using this average of 13 per cent, the
Commission proposes an average of only 10 per cent.
This involves a reduction on some of the heaviest
items of freight, such as the sixth class, which includes,
among other items, grain. •The differences between the
old rates and those ordered by the Commission are
shown in the following.
,----------------- Rates to Boston in cents per 100 lbs.— — 1st Class 2d Class. 3d Class. 4th Class. 5th Class. 6th Class.
O ld ......
85
71
55
40
35
SO
N e w .....
821«
711«
55
381 «
33
27*a
The 2d and 3d classes here are the only ones in which
there is no reduction. The 1st and 6th classes— the
highest and the lowest— are each reduced 2£ cents, the
5th class is reduced 2 cents and the 4th class l-£ cents.
The reduction is less radical than the Commission have
sought to enforce in other cases, and for that reason it
may be thought wise to give the new rates a trial. Still,
in these days of meagre profits, even small reductions
are important, and may easily lead to considerable loss
of revenue.
745
It is worth noting that .the Commission again avoid
the question of the rebate allowed on shipments to Boston for export, making no ruling on that point. In the
Boston Chamber of Commerce case the export rebate
was inferentially sustained, for in the opinion thenrendered we find the Commission declaring that “ the
« fact that the export rates through Boston and the west“ bound rates from Boston have been made by the car*. riers the same as corresponding New York rates, in or*
ft der to put Boston on an equality with New York and
“ other seaboard cities wherever Boston is a competitor
ft with those cities, is not controlling in determining
ft the reasonableness of east-bound local rates in a traffic*
f* in which there is no competition by other cities.” In.the present case pains is taken to state that the Com
mission have not expressed any opinion with reference
to that phase of the question. Nothing has been deter
mined in that regard, the Commission say, “ it being
“ deemed desirable to consider the difference in
** charge to Boston in excess of the charge to New Y ork
ft alone and upon its merits, entirely disconnected from
ft any questions which might arise from consideration»
ft not necessarily involved in an inquiry as to the Boston
“ differential.”
Notwithstanding this statement i t
seems unlikely that the Commission would declare
against the granting of such rebates; and if they
had any idea of reducing the inland rate to th»
level of the export rate such purpose would find
expression, we may assume, in the ruling just rendered,,
though after noting the change between this ruling and
the former ruling, a further change would perhaps
not be received altogether with surprise.
THE M E X IC A N CENTRAL.
It is interesting as well as gratifying to note th »
growth in the income of this company and the steady'
progress in its affairs. For a large Mexican road it ha»
had a somewhat exceptional record, more than th e
ordinary success having attended its operations. It ha»
been free from the financial embarrassments which have
afflicted many other Mexican roads. In its early his
tory it met with some severe trials and difficulties (th »
subsidy collections from the Mexican Government,
upon which it had in part relied to meet its obligations,,
having been unexpectedly shut off), and to tide over
this period an agreement was entered into with thebondholders by which interest on the old 7 per cents
was temporarily reduced to 4 per cent. Subsequently
the old bonds were exchanged for new 4s, with a bonus
in first incomes, and now the company is paying
interest even on these latter, which is an evidence o f
the progress that has been made. The result may b e
attributed to the good location of the road, aided b y
intelligent and far-sighted management.
In the late year there was an addition to gross earn
ings, as compared with the year preceding, of nearly a.
million dollars— $948,844— raising the total to $7,374,538. The figures include revenue from construction!
material carried, but the total of this for 1891 was only
$431,797, this comparing with $303,019 in the year
preceding.
The company operated the Tampice
Division from San Luis Potosi to Tampico during the
last half of the year, which added about 276 miles ta
the mileage earning revenue, but this addition we are
told served to increase mileage without any corre
sponding benefit to net earnings, inasmuch as the cost,
of operation of the Tampico division for the six month»
exceeded the receipts on that division. Taking th e
„7 4 6
THE
CH RONICLE.
averagejmileage of the year, operations for 1891 were
based on 1,665 miles of road, against 1,527 for 1890,
which gives an increase of 138 miles. While the earn
ings of the new mileage, as we have seen, were very
light, yet the average earnings per mile on the entire
system have increased, both in the gross and in the
net, this averaro
• 1891 being $4,428 per mile in the
*
case of the ¿ioaa and $1,618 per mile in the case of the
net, against $4,207 and $1,587 respectively in 1890. At
the present time the total mileage in operation is 1,875
miles, a branch of 43*6 miles from the City of Mexico
to Pachuca having been opened on the 27th of Feb
ruary, 1892. With 1,875 miles of road it will be seen
the system is one of considerable extent.
As bearing on the growth of traffic and income, it is
interesting to observe that the increase in the duty on
lead ores by the United States, which it was thought
would operate to the serious disadvantage of the Mexi
can Central, in diminishing the quantity of ore car
ried for export to this country, has, according to Presi
dent Reynolds, had the contrary effect, and proved of
great benefit to the road. Mr. Reynolds says that par
ties who had large smelting interests in the United
States and were buying these ores, on finding that they
could not bring them into this country with profit,
went to Mexico and established smelting works there,
“ with the result that instead of having only the haul
tc on the ore to the frontier, the company secures
ee not only the haul on the ore to the smelt“ ers in the country at better than the through
“ rates, but has also the bullion traffic and the
*' hauling of coal, coke, construction material and all
“ other supplies for the smelters, which it would not
“ have had if the ore traffic had been confined to its
te old limits.” Mr. Reynolds furthermore observes that
a large and very complete smelter has been erected at
San Luis Potosi, and is in successful operation, thus
ensuring a large traffic to the road. Additions to the
local traffic are of course the most desirable additions.
It is perhaps not generally known that nearly threefourths, of the total gross revenue of the road is derived
from local traffic. The report before us shows that
the proportion for 1891 was not quite as large as for
1890, and yet was as much as 73*6 per cent (the per
centage in 1890 having been 75’8), the earnings from
international business having been only 26*4 per cent.
In these figures the revenue from construction freight
is disregarded. With the construction earnings in
cluded the proportion of local revenues would be
slightly less, namely 71'5 per cent.
We have already noted that the aggregate increase in
gross earnings for the year was $948,844. In the net
earnings the increase was $270,226, and the most
satisfactory feature of the year's results is that these
net earnings were sufficient to pay all the fixed
charges of the company (including interest on the
priority bonds up to the date of their purchase or can
cellation and also, the report says, interest from July 1 on
the 4 per cent bonds issued on the Tampico division),
independent of the contributions from subsidy collec
tions. It is pointed out that net earnings in American
currency from traffic were $2,068,012, while the inter
est ahead of the incomes (interest on bottom lien secu
rities the report calls it) was only $1,980,026, thus
leaving a clear surplus of $87,986. President Reynolds
says that this is the first year in which the company
earned and paid its fixed interest without any aid from
the subsidy. Though not required to meet the obliga
tory charges, the company received $300,000 from the
[Y ol. LTV.
Subsidy Trust Fund during the year, making with the
net earnings a total net income of $2,368,012. Out of
this there was paid the $1,980,026 obligatory interest
already mentioned, and $380,528 for interest on the
first incomes, leaving a balance of $7,458 on the
accounts for the twelve months.
During the year the operations connected with the
settlement of the subsidy due from Mexico (ar
rangements having been made, as will be remembered,
to settle the whole subsidy by payments cash down
instead of collecting the same out of a percentage of
the yearly customs revenues) were finally completed,
and statements are furnished showing the full results
of the transaction. It appears that the total net pro
ceeds to the company in American currency were
$12,627,973. Of this amount $7,671,289 was used in
taking up the $7,000,000 priority bonds ($5,597,000
of such bonds being purchased for investment account
and $1,403,000 being redeemed and canceled), $124,114
was applied to other purposes, and the balance of
$4,832,570 deposited as a Subsidy Trust Fund
with the Boston Safe Deposit & Trust Company as
trustee. This balance had been estimated at $4,400,000,
and thus has proved $432,000 larger than expected.
With reference to the current financial condition of
the company, the balance sheet shows $1,140,110 of
interest due and accrued December 31 1891, and
$967,589 of vouchers, pay-rolls and accounts payable,
making $2,107,699 together, while on the other side of
the balance sheet $1,079,121 of accounts and bills receiv
able are reported, and $1,110,663 of cash, so that the
ordinary current liabilities were fully offset by the ordi
nary current assets. In addition the company owed at
the same date $1,181,288 on notes payable, represent
ing outlays for new construction incurred during 1890
and 1891. Since the close of the year, President Rey
nolds states, this has been funded, so that the company
now has no floating indebtedness whatever. ‘
The only unfavorable feature bearing on the com
pany's affairs is the low price of silver, and that ia
entirely beyond the control of the management. The
company's earnings being in Mexican silver currency, a
heavy discount or loss is incurred in converting it into
American money. Owing to the decline in the price of
the metal the $2,694,750 net earnings in 1891 yielded
only $89,856 more in American money than the
$2,424,523 net earnings of 1890. Moreover the average
price realized by the company for its silver dollars in
the late year was 76*74 cents, while now only 69 cents
can be obtained for them. President Reynolds says
that if the present low price continues net results will
be materially affected. He adds, however, that it ia
expected that earnings will increase through the devel
opment of the Tampico division and the natural in
crease of business upon the older lines to an extent
sufficient to cover this loss in exchange.
COTTON CONSUMPTION AN D OVERLAND
M OVEM ENT TO M A Y 1.
The statements of overland movement, receipts, ex
ports, &c., which we are able to present to-day include
the period from the first of September down to the
close of April, or the first eight months of the crop
season. It will be observed that the aggregate
amount brought into sight in April has been quite
heavy, and
will be considered especially SO
after the unprecedented movement during earlier
months, even though there is a decline from the total
Ma y 7, 1892.J
TH E
CHEONICLE.
747
for April last year. For the elapsed portion of the two miles long, which joins the International & Great
season there has come into sight 8,614,901 bales, an Northern three miles south of Chenango.
aggregate only 40,617 bales less than the total crop of
1890-91. Northern spinners have been liberal takers Movement from Receipts Receipts EXPORTS SINCE SEPT. 1 1891, TQ—
since
since
Sept. 1,1891, to
Stocks
of cotton during the month, and for the eight months
May 1 , 1892. j Sept. 1 Sept. 1 Great France. Conti
Total. May 1,
1891.
1890.
Britain*
nent.
1892.
their takings exceed those for the like period last year dal veston.......... 1,110,832 969,474
630,360
76,027
91,286 798,273
34,821
by 152,012 bales.
El Paso, & c....
30,629
S,753
23,710
30,398
34,151
New Orleans. .. 2,374,013 1,963,718
OVE R LA N D MOVEMENT TO M A Y 1 .
Thegross amount carried overland in April— 114,659
bales— has never been exceeded in the same month
since we first began the compilation of these figures,
and compares with 99,036 bales a year ago and 63,722
bales in 1889-90. The aggregate gross for the eight
months is 1,625,346 bales, or 147,819 bales more than
last year and 253,956 bales in excess of 1889-90. The
routes via St. Louis, Cairo, Evansville and Hannibal
have gained in amount carried this year, the latter
heavily, but a diminished movement is to be noted
through Cincinnati and Louisville. The net for the
month makes a very satisfactory showing compared
with the two previous years, reaching 71,954 bales,
against 52,698 bales and 31,827 bales respectively, and
in common with the gross exceeds all records. The
season’s total is at this date 172,696 bales more than for
the like period of 1890-91 and 259,081 bales greater
than in 1889-90. Our usual table covering the details
for three years is as follows.
1891-92.
607,751
333,974
159,924
36,733
190,701
143,268
142,494
10,498
1890-91.
582,276
280,179
85,035
26,729
195,603
169,458
128,260
9,987"
1889-90.
511,076
304,710
58,788
20,735
115,159
205,775
146,284
8,863
Total gross overland........................ 1,625,346 1,477,527 1,371,390
Deduct—
,»
Overland to New York, Boston, & o....
Between interior towns ____________
Galveston, inland and looal mills........
New Orleans, inland and local m ills...
Mobile, inland and local mills.............
Savannah, inland and local mills ........
Charleston, Inland and local mills.......
N. CaroTa ports, inland and local mills
Virginia ports, inland and local m ills
354,848
59,964
2,909
20,394
40,450
1,524
7,181
757
12.037
326,457
108, l o i
1,842
11,595
46,989
1,367
10,191
1,273
17,125
344,824
52,860
Total to be deducted.......................
500,064
524,941
505,189
27,237
41,752
275
12,285
1,989
23,967
Leaving total net overland*........... 1,125,282 952,586 866,201
*This total includes shipments to Canada by rail, which since
Septehiher l m 1891-92 amounted to 59,899 bales, in 1890-91 were
53,187 bales and in l»89-90 were 47,811 bales.
RECEIPTS, EXPORTS A N D SPIN N ER S’ T A K IN G S .
Through all the important ports except New Orleans
the movement of cotton during the month shows a fall
ing off from the figures of April a year ago, and the
aggregate net receipts at all the ports have been but
251,522 bales, against 298,132 bales last year. Con
trasted with a year ago, the total receipts for the sea
son exhibit a gain of 194,209 bales, and the excess over
1889— reaches 1,057,022 bales. Foreign exports have
90
been liberal during the month, and fall only 35,521
bales behind the very heavy total for the similar period
in 1891. Compared with 1890, however, there is a
heavy gain. The shipments for the season to date are,
moreover, slightly greater than for 1890— and largely
91
in excess of 1889—
90. An important event of the
month was the export of 3,753 bales from Velasco,
Texas, to Liverpool. This new port is situated on the
east bank o f the Brazos River, three miles from its
mouth, and has connection with the outside world by
means of the Velasco Terminal Railway, a line twenty -
T otal 1891-92.. 6,753,241
801,660
37,836
469,746
175,926
98,947
160,030
30,197
4,849
5,550
7,900
6,272
30,634
280,081
219,214
18,21»
170,357
492,184
103,796
311,937
31,613
1,904
34,357
52,902
61,671
142,803
85,987
21,937
403,800
230,725
90,352
17,350
592,630 1,924,038
37,806
114,573
11,313
81,428
16,637
182,191
102,824
27,209
005,710
240,751
217.022
18,004
24,573
5,428
400,953
8,000
20,500
11,900
171,270
10,039
0,929
119,741
708
3,033,239
637,704 1,579,447 5,240,390
822,793
T otal 1890-91..
6,559,032 3,005,321
524,907 1,700,011 5,336,139
487,832
T ital 1889-90..
5,696.219 2,691,184
472,931 1,482,8 i2 4,640,407
248,594
* Great Britain exports include to the Channel.
Using the facts disclosed by the foregoing statements
we shall find that the portion of the crop which has
reached a market through the outports and overland,
and the Southern consumption since September 1,
this year and the two previous years, is as follows:
1891-92.
1890-91.
1889 90.
Receipts at the ports to May 1....... bales. 6,753,241 6,559,032 5,696,219
Net shipments overland during same time 1,125,282 952,586 866,201
OVERLAND PROM SEPTEMBER 1 TO M AY 1 .
Amount shipped—
Via St. Loots........................... .................
Via Cairo...................................................
Via Hannibal.................................. _.......
Via Evansville.........................................
Via Louisville .......................................
Via Cincinnati............ ..........................
Via other routes......................................
Shipped to mills, not included above...
Savannah..........
Brunswick, Ac.
Charleston........ .
Port Royal,&c.
Wilmington......
Washingt’n.&c
N orfolk..............
West P o in t....
Newp’tNews.&c.
New Y o r k ..........
Boston...... .
Baltimore...........
Philadelphia,Ac.
253,225 281,243
24,627
43,211
971,510 1,071,641
163,168 180,970
450,297 484,659
1,499
834
157,210 185,407
2,342
8,744
487,690 603,523
315,092 829,531
44,147
90,854
84,995 122,485
116,254 103,133
79,214
48,803
74,385
52,030
Total receipts.............................hales. 7,878,523 7,511,618 6,562,420
Southern consumption since September 1 494,000 457,000 414,000
Total to May 1............ ... ...........bales. 8,372,523 7,968,618 6,976,420
The amount of cotton marketed since September 1 in
1891-92 is thus seen to be 403,905 bales more than in
1890-9] and 1,396,103 bales more than in 1889-90. To
determine the portion which has gone into the hands of
Northern spinners during the same period we have
prepared the following:
Totalreoeipts to May 1,1892, as above.................. ...bales. 8,372,523
Stock on band commencement of year (Sept. 1,1891)—
At Northern ports................. ............ . 142,160
At Southern ports................................
86,524— 228,684
At Northern interior markets..............................
2,768— 231,452
Total supply to May 1 ,1 8 9 2 .................................................. 8,603,975
Of this supply there has been exported
to foreign ports since Sept. 1,1891.-5,240,390
Less foreign cotton inoluded...............
19,007-5,221,383
Sent to Canada direct from West..........................
59,699
Burnt North and South..........................................
35,805
Stock on hand end of month (May 1,1892)—
At Northern ports................................ 441,353
At Southern p orts.......... ..................... 381,440- 822,793
At Northern interior markets.............................
15,230-6,154,910
rotal takings by spinners since Sept. 1 ,1 89 1 ............. .......... 2,449,065
Taken by Southern spinners.......................................................
494,000
Taken by Northern spinners since Sept. 1,1 39 1 ............bales 1,955,065
Taken by Northern spinners same time in 1890 91................ 1,803,053
Increase in takings by Northern spinners this year... .bales.
152,012
The above indicates that Northern spinners had up
to May 1 taken 1,955,065 bales, an increase over
the corresponding period of 1890-91 of 152,012 bale s
and a gain over the same period of 1889-90 of 283,242
bales.
AM OU NT OF CROP N O W I N
SIGHT.
In the foregoing we have the number of bales whicht
has already been marketed this year and the two*
previous seasons, An additional fact of interest isthe total of the crop which was in sight on May 1,,
compared with previous years, and this is shown in, the'
following :
1891-92.
1890-91.
1889-90.
Total marketed, as above.. ..bales,
interior stocks in excess of Sept. 1.
8,372,523
242,378
7,968,618
219,400
6,976^420
59,999*
Total in sight.................... hales.
8,614,901
8,188,018
7,036,419v
TH E
748
[Voi. U V .
CHRONICLE.
This indicates that the movement up to May 1 demand for which keeps ahead of supplies. This is
o f the present year is 426,883 bales more than in 1890-91 reflected in the market for glove-finished and other
cambrics, which are scarce and tending upwards.
■and 1,578,482 bales greater than in 1889-90.
As it will interest the reader to see what has come
1891.
1892.
in to sight each month of the season during this and
Oott’n Print Sheet Lan S’th’n Oott’n Print- Sheet Lan S ’th’n
i
low
ing ings, caster 3 -yd. low 1 ina ings, caster 3 -yd.previous years, we have prepared the following, which
mid cloths, stand ging sheet mid- cloths, stand Ging sheet
64z64 ard. hams. ings. dling. 64z64 ard. hams ings.
dling.
«hows the movement for the last four seasons._________
3
1888-89.
Months.
1891-92.
1890-91.
1889-90.
'September...........
'October................
«November............
December............
J a n u a ry ... . . . . . . .
February.............
M arch..................
-April.............. .
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
655,770
1,623,648
1,633,028
1,568,921
770,523
470,625
196,025
117,879
430,269
1,502,289
1,512,609
1,540,816
706,566
519,603
342,451
129,666
Total 8 months.
(Balance season..
8,614,901
8,188,018
467,500
7,036,419
277,307
6,744,209
190,873
8,655,518
7,313,726
6,935,082
Total crop........
W EIG H T
OF BALES.
To furnish a more exact measure of the receipts up to
Alay 1 we give below our usual table of the weight of
bales. We give for comparison the figures for the
same time in the two previous years.
____________
Eight months ending May 1,1892.
Number of
Bales.
1,152,961
2,374,613
253,225
1,159,305
451,796
«ou th Carolina.
846,935
159,558
North Carolina.
Tennessee, &c.. 1,974,130
Total........... 8,372.523
* Including Florida.
Weight in
Pounds.
600,842,566
1,180,063,930
126,106,050
561,323,888
220,087,903
416,988,447
78,883,880
994,882,555
4,179,179,219
Same
Same
peri’d in peri’d in
1890-91. 1889-90.
Average Average Average
Weight. Weight. Weight.
521*13
496*95
498*00
484*19
487*14
492*35
494-39
503 96
529*71
499 70
508*00
494*00
488*45
490 84
494 06
507*50
524*41
494*71
497*00
486*22
480 00
484*60
488*05
501*40
499*15
502 52
49671
It will be noticed that the movement up to May 1
«hows a decrease in the average^ weight as compared
with the same period of last year, the average this
^year being 499*15 lbs. per bale, against 502*52 lbs. per
bale for the same time in 1890-91 and 496*71 lbs. in
1889-90.
D R Y GOODS TRADE I N
A P R IL .
Business in staple cotton goods has been marked by
considerable irregularity during the month in both de
mand and prices. In brown and bleached makes only
•agents of the most popular brands have found a con
tinuous call for the productions of their mills, the
general run of tickets being comparatively neglected,
o r only helped into a semblance of free movement by
price concessions. Heavy brown sheetings were in full
¿supply the greater part of the month, and Southern
makes gave way fully ic . per yard, Eastern grades be
in g in favor of buyers but not quotably lower. Towards
the close the tone was steadier as the result of a reduc
tion in stocks late in the month through special sales
-on private terms. The improvement in the price of
a*aw cotton has so far exercised but little influence. The
export demand was of moderate extent only. In dress
cottons agents have had to meet a limited re-order
business in standard fabrics, but for fine printed
¿specialties there has been a steady request. The job
bing trade as a rule reports indifferent results for April,
¿generally unfavorable weather checking distribution
materially. Both commission agents and jobbers are,
¡¡however, satisfied with the regularity of collections,
prompt payments almost everywhere being quite a fea
ture of this season's business. The print-cloth market’
closed firm at 3 l-16c., plus one per cent for 64x64s,
with a still advancing tendency; for 56x60s 2fc. was
quoted, but there were no sellers thereat. The cloth
position is a strong one, especially in low counts, the
l.. 6%
2.. 6%
3..
4.. 6%
6%
6.. 6%
!..
8.. 6616
9.. 6%
10
11.. 69is
3*06
3*06
3*06
3*06
3*06
3*06
3*06
3*06
3 06
3*06
3*06
13..
14.. 61116 3*06
3*06
15..
3*06
16..
17
18.. 61%« 3*06
20..
21..
22..
23..
61316
613i 6
6i5ia
613X
6
25.. 6%
6%
6%
...8 ...
6%
6%
6%
6%
6%
6%
...S...
6%
6%
6%
6%
6%
6%
...S...
6%
6%
6%
6%
6%
.. S...
3 0 6 6%
3*06
3*06
3*06
3*06
3*06
27..
28.. 61316 3*06
29.. 61316 3*10
30.. 61310 3*10
6%
6%
6%
6%
7%
7%
5%
5%
7%
7%
7%
7%
7%
7%
5%
5%
5%
5%
5%
5%
7%
734
7%
7%
7%
7%
5%
5%
5%
5%
5%
5%
7%
7I4
7%
7%
7%
7%
5%
7%
7I4
7%
7%
7%
7%
5%
513
5%
5%
5%
5%
5%
5%
5%
5%
8%«
8%e
8%«
87ia
2*97
2*97
2*97
2*97
87i«
8716
8%
8%
8%
8%
2*97
2*97
3*00
3*00
3*00
3*00
8%
8%
8%
8%
8%
8516
7
7
7
7
6%
6%
6%
6%
7
7
7
7
7
7
6%
6%
6%
6%
6%
6%
3*00
3*00
2*97
2*97
2*97
2*97
7%
7%
7%
7%
...S...
7%
7%
7%
7%
7%
7%
...8 ...
7%
7%
7%
7%
7%
7%
7
7
7
7
7
7
6%
6%
6%
6%
6%
6%
8%«
8616
86,e
.8°ie
86,6
8516
2*97
2*97
2 97
2*94
2*94
2*94
7%
7%
7%
7%
7%
7%
7
7
7
7
7
7
6%
6%
6%
6%
6%
6%
86j.6
86,6
8B
ia
86,6
2*94
2*94
2*94
2*94
7%
7%
7%
7%
7
7
7
7
6%
6%
6%
6%
The above prices are—For cotton, low middling uplands at New York;
for printing cloths, manufacturers’ net prices: for sheetings, agents
prioes, which are subject to an average discount of 5 per cent, except
when otherwise stated; Southern sheetings net.
R E V IE W OF PRIOES I N A P R I L — STOCKS,
GOVERNMENT BONDS AND FO REIG N
EXCHANGE.
The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of April, 1892.
RAILROAD AND MISCELLANEOUS STOCKS.
R a ilro a d s.
Low. H igh.
Ltchison Top. & S.Fe.
34
3838 Mahoning Coal..........
Do .
pref..
Ltlantic & Pacific.. . .
4
4 *4
lalt. & Ohio...............
97% 99% Manhattan consol....
JaLt. & Ohio S. W. pf.
5
5% Michigan Central....
lost. & N.Y. A. L. pf. 1005a 10058 Minneapolis & St. L ..
Do
pref..
luff. Roch. & Pittsh.
36
40ta
Mo. Kan. & T exas...
Do
pref___. . .
80
82
Do
p r e f.......
Jurl. C. Rap. & Nor..
50
50%
88
89% Missouri Pacific.........
Canadian Pacific.......
Mobile & Ohio............
Janada Southern.......
59% 62
Morris & Essex..........
Central of N. Jersey.. 135 143
Central Pacific-------31% 31% *Newpt.News & M.V.
N. Y. Cent. & Hud. R .
Ihar. Col. & Aug.......
30
30
files. &0.,Vot.Tr.cert.
23
24% N. Y. Chic. & St. Louis
Do
1st pref.
Do
do lstpref.
60% 02%
Do
2d pref.
Do
do 2d pref.
40% 43%
N. Y. & Harlem........
Chicago & Alton....... 150 150
N. Y. Lack. & West...
fiiic. Burl. & Quincy. 106% 110
N. Y. Lake Erie & W.
fiiic. &East 111.........
63
63
Do
pref.
Do
pref..
98
99%
fiiic. Mil. & St. Paul.
75% 8058 N. Y. & New England
N. Y. & Nor. pref---Do
pref.. 122 124
N. Y. Ont. & West---fiiic. & Northwest... 118% 121
Do
pref.. 143 144% *N. Y. Pa. & O pref..
3hic. & Rock Island..
84
88% N. Y. Susq. & W est...
Do
pref..
3hic. St. P. Minn. & O.
46
49%
Do
pref.. 114 H 6% Norfolk & Western...
Do
pref..
31. Cin. Chic. & St. L.
68% 71%
Do
pref.
98
98% Northern Pacific.......
Do
pref..
31eveland & P itts.... 151 154
3ol. Hock. Val. & Tol.
29% 34% Ohio & Mississippi...
Ohio Southern..........
Do pf..subs. pd.
71
75%
Delaware & Hudson. 138% 149% Oregon Ry.&Nav.Co.
Oreg. Sh. L. & U. N..
Del. Lack. & Western 154 165
Den. & Rio Grande...
17% 18% Peo. Deoat. & E’vfile.
Peoria & Eastern---Do
p r e f.......
49% 53
Phila. & Read, certs.
‘D ul. S. S. & Atl.......
6
7
P. C. C. & St. L .........
* Do
pref..
15
16
Do
pref.
E.Tenn.Va. & Ga. Ry.
4%
6%
Do
tr. rects.
4%
=
58 Pittsb. Ft. W. & Chic.
Pitts. & W.pf. tr. reo..
Do
ls tp re f.
40
40
Rensselaer & Sara.. .
Do
2d pref.
12% 16
Richmond Terminal.
Do
tr. rects. 12% la
Do.
tr. ree___
Evansv. & Terre H .. x l2 4 138
Do
pref..
F lin t & Pere Marq’te.
27% 28%
Do.
tr. r e e ....
Do
pref..
85
86%
Rio Grande Wèstern.
Great North’n, pref.. 1124% 139
Do
pref.
Do
rights.
13
13
Rome Water & Ogd..
Green Bay W.& St. P.
8%
9
St. L. Alt. & T. H ....
Illinois Central.......... 103% 105
Do
pref..
do leasd. lines
90
90
Iowa Central— . . . . .
11
1178 St.L. &S.F. lstp ref.
St. Louis Southw.......
Do
pref..
42
44
Do
pref..
Kanawha & M ich ....
10% 10%
Keokuk & D. M. p f..
13% 13% St. Paul & Duluth....
Do
pref..
Lake Erie &West’n ,.
25
27%
St. Paul Minn. & Man.
Do
pref..
74% 80
South Carolina..........
Lake Shore............. . 130% 136%
Southern Pacific C o..
Long Island.......101
102
Texas & Pacific.......Louisville & Nashv..
715s .6
Tol. Ann A. & No. M.
Louis. Evans. & St. L.
21% 24
Toledo & Ohio Cent..
Louisv.N. Alb.& Ch...
23% 275s
Do
pref..
Lou. St. L. & T e x ....
21% 23
R a il r o a d s .
* Unlisted.
t Ex-rights.
Low. High.
100
100
112%
118
109
10
21%
16
27
57%
36%
145%
112%
125%
111%
13%
30
17%
29
61%
38%
147%
11
11
21
21
113% 115%
18% 19
74% 75%
38
40%
250 252%
107% 107%
29% 32%
71
75%
36% 45%
16% 17%
18% 21
1
1%
11% 13%
55
58%
14
145s
47% 50%
21% 23
58% 62%
26
35
86
87
25% 28
18% 20%
9
11%
53% 62%
23% 25
60
64%
153 155
39% 45%
175 175
8 % 11%
9% 11
50
62
56% 58
38
37
72%
71
110% 112
39% 40
150 150
79
79
7%
9
16
18%
42% 45%
104% 105%
112 112%
1%
1%
37
37%
10%
23
49
81
10%
25%
49
81
THE
Ma y 7, 1892. J
K a llr o a d s .
*Tol.Peoria & West’ll
•Tol. St. L. &K. C ...
* Do
pref..
Union Pacific............
Union Pac. D. & G ...
Virginia M idland....
Wabasli.......................
Do
pref..
Wheel. & L. Erie........
Do
pref..
Wisconsin Cent. Co..
Low. High.
21% 24*3
203a 2178
29*3 3'270
423s 46%
19
20%
36*3 37
1178 13*4
26*4 29*8
32*3 34*3
73*3 77*4
16*3 1730
E x p re ss,
Adams.............. .......... 143*3 146*3
American................... 117 119*3
44
United States............
48
Wells, Fargo & Co_
_ 142*3 145
C o a l & M in in g :.
Colorado Coal & Iron
30*3 32%
Homestake M ining..
14
14*3
•Lehigh & W.B. Coal.
20
20
Maryland Coal..........
25
25
Minnesota Iron........
76
76
Ontario Silver Min..
41
38
Robinson M ining.... •46
•46
Tenn. Coal & Iro n ....
44
47%
Do
pref. 102 108
V a r io u s .
Cotton Oil-Co_
_
Do
pref..
American Diet. Tel..
•Am. Sugar Refln.Co.
*Do
pref..
Amer. Tel. & Cable...
Amer. Tob. Co., pref.
3630
72
60
91*3
95
81*3
9778
Am.
41*3
78%
63
9750
98*3
86*3
99
V a r io u s .
Brunswick Co...........
Chicago Gas Comp’y.
Chic, junction R ÿ ...
Cit’ns’ Gas of B’klyn
Commercial Cable...
Consolidated Gas Co.
Dis. & Cat. Feed. Co.
Edison El. 111. C o ....
Edison Gen. Electric.
Do
tr. rec.
Gold & Stock Tele....
Laclede Gas, St. L ...
Do
p ref..
*Mex. Nat. Constr. . .
National Cordage—
Do
pref..
*National Lead Trust
•National Lead Co...
* Do
pref..
National Starch Mfg.
Do
1st pref .
Do
2d pref..
North American Co..
Oregon Improvem’ t..
Pacific Mail...............
Philadelphia C o ......
•Pipe Line Trust___
Pullman Palace Car.
Silver Bullion certs..
Texas Pac. Land Tr.
West. Unión B eef....
Western Union Tel..
Westing. Elec. 1st pf.
Do
assented..
CHRONICLE.
Low. Sigh.
9
9
73% 78%
72
75
102*3 106
153% 157
110 114*3
46*8 48%
80% 80*4
99 102
96% 104*3
100 100
17*4 20
60
60
12
19
97% 104*4
104 111%
19*4 20%
31% 35%
81*4 86*4
40
42*3
100*3 105
103 104
1378 15*8
22*3 22*3
35
37*4
35
35
55% 59 %
192% 195
85% 88
1378 14*3
11
11
87
93%
93
93
58
58
t E x rights.
* Unlisted.
R A N G E O F G O V E R N M E N T B O N D S I N A P R IL .
4«, 1907,
4*s«, 1891,
rea.
rea., ext.'5)2 p.e.
116
O pening.... *100
H ighest___ *100
116*8
11500
Lowest....... *100
116
Closing....... *100
4«, 1907,
coup.
116*8
116%
115%
116*4
’98,
reg.
*116
*116
*116
*116
6 », c.
6s, c. ’99
rey.
*119
*119
*119
*119
The following highest and lowest prices are from actual
sales at the New York Stock Exchange:
R A N G E O F ST A T E BO N D S IN A P R I L .
Low. High.
Low. High.
Alabama Class A ....... 101% 102% So. Car. non-fund 6s.
1*3
1*3
Tenn. new settl. 6 s ... 107*3 107*3
Currency fd. 4s....... 97
97
5 s ........................... . 101 101
Arkam-as 7s (L. R. P.
3 s ............................. 69% 70*3
B. & N. O.)............... 88*3 88*3
Virginia 6s def. trust
Louisa, con. 4s........ .. 84% 88
receipts, stam ped..
7
. 7
N. Carolina cons. 4s.. 97% 98
Spec, tax tr receipts.
3
3
The daily posted rates for 60 days and demand sterling
exchange in April are given below.
B A N K E R S ’ ST E R L IN G E X C H A N G E (P O ST E D R A T E S ) F O B A P R I L . 1 8 9 2 .
Apr.
1 ....
2 ....
3 ....
4 ....
5 ....
6 ....
7 ..
8 ..
9 ....
1 0 ....
1 1 ....
1 2 ....
60
days.
L e
ttland.
4 87
4 89
4 87
4 89
......... S
4 87 -*s 4 89
4 87 -*3 4 89
4 87 -*3 4 88*s-9
4 57 .. 4 88*3-9
-*3
4 87 .. 4 88*3 9
-*s
4 87 -*s 4 88*3-9
......... 8.
86*3-7*3 4 88-89
4 86*3-7 4 88 -*3
Apr.
60
days.
13...
14...
15...
16...
17...
18...
1 9 ..
2 0 ..
2 1 ...
2 2 ...
2 3 ...
24...
4 86*3-7
4 86*3-7
4 86*3-7
4 86*3-7
......... s.
4 86*s-7
4 87 .
4 87 .
4 87*e
4 87*3
4 87*3-8
......... 8.
De
mand.
4 88
4 88
4 88
4 88
Apr.
-*3
-*s
-*4
-*s
60
days.
2 5 .... 4 87*3-8
2 6 .... 4 88'
2 7 .... 4 88
2 8 .... 4 88
2 9 .. 4 88..
4 88 *3 3 0 .. 4 88..
4 88*3
4 88*3
4 89
Open. 4 87
4 89
High.. 4 88
4 89 -*3 Low.. 4 86*3
JLast.. 4 88
Dernand.
4
4
4
4
4
4
89 -*3
89*3
89*3
89*3
89*3
89*3
4
4
4
4
89
89*3
88
89*3
g u g l i s t t | | je m
[From our own correspondent.]
L o n d o n , Satu rday, A p ril 23, 1892.
The money market continues very easy. The outside dis
count rate is about 1% per cent, and to-day loans are made at
from 3^ to % per cent. Yet the directors of the Bank of Eng
land keep their official rate at 2% per cent, as they fear that a
reduction might stimulate gold shipments. The famine in
Russia is compelling the Government to spend largely on
relief works, for which purpose it is issuing from time to time
fresh quantities of inconvertible notes. But to prevent a seri
ous depreciation of the rouble the Finance Minister is lodging
in the Imperial Bank equivalent amounts of goid. For that
purpose he is withdrawing gold every now and then from
London, and nobody knows to what extent the withdrawals
may go. Further, there is a French demand for the metal
in the open market, and next week the bill for the resumption
of specie payments in Austria-Hungary is to be introduced.
The new standard of value is to be gold; but as thé change
will occupy some time silver will remain legal-tender for two
or three years, perhaps longer. Next month a loan for about
5 millions sterling is expected to be brought out in Vienna,
Berlin, Amsterdam and London, and that also has to betaken
into account by the directors of the Bank of England. Lastly,
gold coin is expected to begin to flow out now from London
to the interior, especially to Scotland, as it always does at the
end of April and the beginning of May.
The price of silver has been rising steadily all this week and
is once more 40 l-16d. per ounce, partly owing to the improve
ment in New York, and partly to a demand for the Continent—
Spaip, it is believed. The impression is gaining strength that
74R
the price will fluctuate for some time longer about 40d., and
that then there will be some recovery, as mines are beinff
closed, and the consumption is increasing at the present
low quotations. Meantime the unsettled state of the silver
market has caused a great depression in the trade o f the silver
using countries. A t the meeting of the Chartered Bank of
India, Australia and China the other day the Chairman stated
that in the opinion of many well-informed persons the trade of
India and China is more depressed at present than it has been
since 1866, the year of the Overend-Gurney failure and of the
crash injhidia consequent upon the end of the Civil W ar in the
United States.
Business on the Stock Exchange has not yet recovered from
the interruption caused by the Easter holidays; but the tone
of the market is fairly good—better undoubtedly than for a con
siderable time past. Confidence here is slowly reviving, but
the public is still timid. Since the downfall of Messrs. Baring
Bros, it utterly distrusts its old leaders. The banking crisis in
Australia, too; the disarrangement of the trade with the silver
using countries, owing to the fluctuations ìd silver; the insol
vency of Portugal; the difficulties of so many other Conti
nental countries, and the fall in prices, have all inflicted losses
and increased the timidity of the public. It is not to be
expected therefore that this market will take the initiative.
But at the same time, as already said, confidence is reviving
and there is more disposition than there was to operate. I f
therefore the New York market continues firm for some time
courage here will increase, and our market will co-operate
with New York; but any signs of yielding in New York w ill
frighten the timid.
Early in the week there was a sharp fall in Brazilian securities
on the announcement that the province of Matto Grosso in Bra
zil bad seceded. On Wednesday, however, owing to Continental
buying, there was a recovery, though not to the full extent o f
the former decline. Yesterday there was another fall. Matto
Grosso is of immense extent—about one-seventh of the whole
of Brazil—but the white population numbers only about
100,000 persons, and the province is accessible only by the
River Paraguay, while the revenue does not cover the ex
penses of administration. Its loss, therefore, would inflict n o
injury upon Brazil. Still, the example set is bad, and no one
knows what might result if the Brazilian Government were
to attempt its re-conquest. The news from Argentina, on the
other hand, continues good, and though the Argentine mar
ket has been quiet during the week, it is immensely better
than it was lately ; it is now possible to deal freely.
The Continental bourses are fairly firm, but very inactive ;
the negotiations for the settlement of the Portuguese debt
have been interrupted, the affairs of Greece still look threat
ening, and the position in Italy is very unsatisfactory. Last
week the Ministry resigned because the ministers of W ar and
Marine refused to agree to a reduction of the army and navy
budgets. The Marquis di Rudini reorganized his Cabinet, but
at the last moment the new Minister of W ar withdrew, and
what will be the outcome is uncertain. It is naturally feared,
therefore, that the necessary retrenchment will not take place.
In spite of the illness of the Foreign and Finance ministers o f
Russia, it is said that negotiations are about to begin at once
between Russia and Germany for a commercial convention,
the object of Russia being to bring out a new loan in Berlin.
The lock-out in the Lancashire cotton trade is ndt, as yet at
all events, as general as was feared at the end o f last week.
On Tuesday, too, the Cotton Spinners’ Federation appointed
six delegates to meet delegates of the operatives, with a view
to coming to some agreement for submitting to arbitration the
questions in dispute. It is hoped, therefore, that the lock-out
will soon end either by an arrangement or by the refusal o f
some of the spinners to continue the lock-out. Indeed, as
already stated, the lock-out in many places has not been en
forced. Even at Stalybridge, where the quarrel first arose,
only about half the mills have been stopped. On the other
hand, there seems danger o f a fresh dispute in the weaving
branch of the trade, as the employers are considering the best
means of reducing the cost of production. There are also
hopes that the Durham coal strike is nearing an end. A t the
end of last week a vote was taken, but only half of the men
on strike voted, and there was a considerable majority in
favor of continuing the strike. It is said, however, that since
then a change of opinion has taken place, and that very prob
ably an arrangement will be arrived at in the course of a few
days.
THE
750
CHRONICLE.
in drafting the bill for the resumption of specie payments
in Austria-Hungary, one of the most difficult practical que stioris to decide was at what value in gold was the florin to be
fixed in respect of all existing contracts. It is now announced
that it has been decided that 100 florins are to be taken as
worth £8 6s. 6%d. sterling; in other words, the florin is to be
as nearly as possible taken as worth Is. 8d. of sterling money,
which is very nearly the present exchange value, and seems
fair both to creditors and debtors.
A telegram from Cape Town announces that the Cape Rail
way is now so far advanced that the opening to the^Vaal
River by the middle of next month is regarded as certain. An
Austrian consular report from Durban, in South Africa, for
the past year, says that the production of gold is increasing
monthly. Last year the increase, compared with the preced
ing twelve months, was 235,000 ounces, and in the present
year the increase is expected to be much larger.
The following return shows the position of the Bank of
England, the Bank rate o f discount, the price of consols, «fee.,
compared with the last three years:
185*2.
April 20.
1891.
April 22.
•FOREIGN IMPORTS AT NEW TORE.
For Week.
$1,569,141
8,063,269
$1,847,803
11,653,874
$9,632,410
$13,501,677
$2,774,901
7,073,598
$51,464,612 $54,972,533 $45,906,651 $45,784,350
115,422,624 121,184,957 138,657,380 146,430,474
Total 17 weeks. $166,887,236 $176,157,490 $184,564,031 $192,214,824
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive ct
0|>ecie) from the port of New York to foreign ports for tfce
week ending May 3 and from January 1 to date:
EXPORTS FROM NEW TORS FOR THE WEEK.
$4,299,052
108,765,436
1892.
$6,878,312
$7,292,731
$6,998,986
107,425,478 109,602,895 129,325,263
Total 17 weeks. $113,064,488 $114,718,209 $116,601,881 $136,203,575
The following table shows the exports and imports of specie
at the port of New York for the week ending April 30 and
since Jan. 1,1892, and for the corresponding periods in 1891
and 1890:
24,285,135
9,517,788
23,635,156
15,959.948
21,072.185
14,202.357
22,287.492
EXPORTS AND IMPORTS OF SPECIE AT NEW TORE.,
98^
69,838,000
1889-90.
1888-89.
33,105,648 38,888,961
10,946,070 13,396,785
,021,775 9,551,363
1,222,210
1,294,111
2,159,093
2,225,963
23,324,776 17,824,212
11,179,837
9,270,298
.
Supplies available for consumption (exclusive o f stocks on
September 1):
1891_92.
1890-91.
1889-90.
1888-89
ewt. 43.197.024 35,415,552 33,105,648 38,888,961
Imports of 'flour.
12,923,983 lO ^ S S ^ S 11,179,837
9,270,298
Bales o f home-grown.21,450,468 25,768,676 33,018,365 24,406,170
Imports.
Exports.
Gold.
Week.
Since Jan. 1.
$700,000 $3,087,142
6,960,228
4,605,228
3,780,500
500
5,848,878
1,500
6,500
476,155
7,855
Great B rita in .......
France....................
Germany.................
West Indies.............
M exico.....................
South America........
All ether countries.
$5,315,083 $20,159,403
4,570,770 26,504,339
2,945,911
86,678
Exports.
Total 1898.
Total 1891.
Total 1890.
Silver.
Week.
IMPORTS.
1890-91.
35,415,552
13;636;353
8,521,437
1,247,724
1,906,965
17,184,904
10,558,978
1891.
1890.
1889.
For the week..
Prev. reported.
The following shows the imports of cereal produce into the
United Kingdom during the first thirty-three weeks of the
season compared with previous seasons:
1891-92.
TmrmVtsof wheat cwt 43.197,024
Bariev
13,869 675
- t . ...................
o a ■ s 'y. . : : " : " : ' . " " . . . " -« o
8,463,552
Peas............................ 1,989,906
Beans.........................
Indian corn............... 17,564,92o
....................................... .......... i
Flour.......................... 12,923,^983
1892.
$1,934,916
8,923,932
$9,848,499 1 $10,858,848
Since Jan. 1.
Dry G ood s.....
Gen’l mer’dise.
£
„TCUlation .. . ............................
25,765,150 24,548,515 24,431,115
7,560,624
8.878,965
public d ep osits............................
6,951,734
O t h e r deposits . . . . ....................
29,553,784 28,835,767 26,351,604
15,684,040
Government securities................ 11,256,001 11,337,652
Other securities...........................
26,980,296 30,070,445 21,041.219
Reserve .......................................... 15,093,983 18,704,738 15,165,095
23,146,210
C oin and b u llio n .......................... 24,409,133 21,803,253
44&
36H
P rop, assets to liabilities.per ct.
42 5-16
3
3%
Bank ra te..........................per ct.
98 1-16
95 13-16
Consols 1% per cent.................
2®
___
Clearing-House returns . . . . . . . . . 89,953,000 126,284,000 132,818,000
1891.
1890.
1889.
Ory Goods.......
Gen’l mer’dise.
1889.
April 24.
£
£
£
1890.
April 23.
[VOL. LIY,
Since Jan. 1.
Great Britain.......... .
France...................... .
Germany...................
West Indies..............
Mexico...................... .
South A m erica........
All other countries.,
$432,064 $8,379,773
5,840,451
82,859
8,306,777
197,220
Since Jan. 1
$28,725
4,496,901
865,500
97,418
15,757
289,477
123,841
$9,588
2,500
3,620
$15,708 $5,917,619
1,491,509
7,044
3,971,403
7,776
Imports.
Week.
$419,450 $6,880,208
340,154
500
594,732
12,510
38,215
51a,124
'■■'Ï04
12,840
Total 1892..........
Total 1891..........
Total 1890,.........
Week.
Since Jan. 1.
$525
“ 9ÏÔ
$1,435
11,055
73,031
$20,439
92,800
34,065
76,666
22,355
207,157
7,405
$460,887
562,804
628,131
Of the above imports for the week in 1892 $13,058 were
American gold coin and $500 American silver coin. Of the
exports during the same time $5,314,355 were American gold
coin.
Total..................... 77,571,475 71,743,206 77,303,850 72,565,429
1888-89
1889-90.
1 8 9 1 -9 2 .
1 8 9 0 -9 1 .
G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s . —Through the
29s. 10a
29s. lOd.
A v e r, p r ic e w h e a t w e e k .3 0 s . 7 d .
3 9s. Od.
31s. 44
29s. lid .
courtesy of the Secretary of the Treasury, we are enabled
A v e r a g e p r ic e , s e a s o n ..3 5 s . 3 d .
32s. l i d .
The following shows the quantities of wheat, flour and to place before our readers to-day the details of Govern
ment receipts and disbursements for the month of April.
maize afloat to the United Kingdom:
From previous returns we obtain the figures for previous
1890
1891.
This week.
Last week.
2,206.000 months, and in that manner complete the statement for the
2,258,000
Wheat................ qrs. 2,640,000
2,765,500
262,000 nine months of the fiscal years 1891-92 and 1890-91.
410.000
Flour, equal to qrs. 372,OC^
390,000
Maize..................qrs.
306,50T
390,000
403.000
705,000
r e c e ip t s
E n e l l i h F i n a n c i a l M a r k e t « —P e r C a b le .
1891-92.
Silver, per oz................ d
Consols,new, 2% per cts.
do for account........
Fr’ch rentes (inParis)fr.
U. 8. 4s of 1907.............
Canadian Pacific............
C h ic. M il. & 8 t . P a u l . . . .
Sat.
Mon.
39%
9658
9658
9 6 9 2 1 2 9 7 05
121
90
8018
Illinois Central........... 106
Lake Shore............- ........ 138
Louisville & Nashville.. 7738
Mexican Central 4s....... 7234
N. Y. Central & Hudson. 117%
N. Y. Lake Erie &West’n 31
do
2d cons........... 10978
N orfolk * Western, pref. 48%
Northern Pacific pref... 61
5738
Pennsylvania........... .
Philadelphia & Reading. 30%
Union P a c ific .............. 45%
W ah ash pi<af..................... 28 %
Tues.
Wed.
Thurs.
Fri.
3 9 ll16 39 Um
97%
97*ie
39%
39%
96%
96%
96l51 961 , 6 97116
(
96-95 97-02% 9715
121
121
121
90%
90
89%
803s
80
79%
105% 105%
106
137%
137% 137
76=8 77%
77
72%
72
72%
116% 117
117
305s 30% 30%
109% 109% 110 %
48%
4734 47%
60%
60
61
57% 57% 57%
30%
3038 30%
45%
44%
45
27%
27%
28
977 6
S%
121
90%
79%
105%
137%
76%
72%
117
30%
110%
N.Bk.
Cus Inter’l Red’ p. Misc’l lotal.
toms. Rev’ue Fund. S’rces:
»
$
$
$
$
%
$
'$
$
304 2,328 88,303
142 4,188 34,300 23,953 11,718
14.552
2,700 1,034 36,007
111 1,107 28,885 20,316 12,557
12,502
830 1,098 28,001 22,035 12,615 3,021 2,13-3 89,804
11,940
994 1,448 40,216
112 1,401 28,560 24,934 12,840
13,066
807 2,129 28,986
12,480
114 1,664 26,917 15,22s 11,322
204 2,721 34,730
12,511 287 1,956 29,083 17,774 13,971
O
240 2,O P 37,891
159 2,129 31,590 23,077 11,965
11,911
789 29,011
338
18,189
57 1,727 30,756 18,994 9,490
391 2,447 29,413
12,134
212 1,288 30.049 15,373 11,207
581 1,453 20,046
12,049
417 1,212 27,388 13,592 11,420
119,105 9,146 19,085 341,612
10 mos. 150,022 125,340 2,447 17,720 295,529 [194,276
$
15,468
15,165
14,121
13,981
12,659
14,329
17,391
E e b .. . . 10,7*3
10,415
April... 13,710
d is b u r s e m e n t s
47%
60%
(OOOs o m it t e d ) .
1890-91.
57%
30%
44%
27%
Commercial ami miscellaneous flems
N a t i o n a l B a n k s .-— The follow ing national banks have
recently been organized:
4 724—The Second National Bank o f Orange, N. J. Capital, $100,000
President. A. M. Matthews; Cashier, Chas. H. Ely.
4,725—The White National Bank of Fort Wayne, Ijnd. Capital, $200,000. President, John W. White; Cashier, Harry A. Keplinger,
I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following are
the imports at New York for the week ending (for dry goods)
April 28; and for the week ending (for general merchandise)
April 29; also totals since the beginning of the first week in
January,
1890-91.
1
V.Bfe.
Inter’! Red’p. Misc’ l lotal.
Cus
toms. Rev’ue Fund. S’rces
The daily closing quotations for securities, «fee., at London
are reported bv cable as follows for the week ending May 6London.
(0 0 0 s o m it t e d ) .
Ordi
nary.
N.Bk.
In Red’p. Total.
Pen
sions. terest. Fund.
~~ì
~~i'~
21,530 13,063
5,091
A u g .... 13,974
0,683
S e p t.... 15,169
14,500 10,977
O c t . . ..
14,013 11,784
N o v ....
D e c . . . . 10,930 13,149
Jan....... 10,980 10,522
F e b .... 13,637 11,502
M arcb. 14,557 13,414
A pril... 15,589 12,705
10 mos. 156,891 09.553
July....
2,823 1,698 39,720
469 1,201 20,738
415 1,668 23,935
5,174 1.221 31,872
359 1,755 27,911
326 1,398 31,809
6,673 1,488 35,663
764 1,519 27,482
248 1,200 29,425
1,766 1,038 31,098
Ordi
nary.
$
«10,053
614,640
C17.817
d20,423
15,411
el6,552
/17.588
11,776
18,831
21,172
N.BkIn Red’p lota l.
Pen
sions. terest Fund.
$
14,803
18,839
38
11,097
21,511
2,654
1,C80
17,310
9,518
264
$
7,232
876
13,411«
4,313
3,538
455
2,851
360
702
2,355
$
304
1,840
2,074
2,203
2,110
1,935
2,462
2,279
2,440
1,540
%
39,052
36,204
33,339
38,036
42,570
21,596
23,981
31,725
31,491
25,331
19,017 14.192 299,653 170,863 97.174 36,092 19,196 323,325
In 1891 disbursements fo r premiums in clu d ed : a $2,054,379; b $1,729,850,
524,491} d «143,215; 6 51,910,004; / 39,581; th e total being $10,401,220«
TH E
MAY 7,1892.3
CH RONICLE
751
—Messrs. Speyer & Co. offer $3,000,000 Illinois Central Cairo
B onds H eld by National B anes .—The following Interest
ing statement, furnished by the Comptroller of the Currency, Bridge 4 per cent gold bonds, due 1950. Full particulars o f the
issue are given in the advertisement ; the subscriptions will
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank be opened on the 10th inst. A simultaneous issue of the bonds
depositaries on May 1. W e gave the statement for April 1 in will be made in Europe.
C hronicle of April 9, page 585, and by referring to that the
changes made during the month can be seen.
If. I . and B rooklyn Gas Securities—Brokers’ Quotations.
J . S. Bond» Held May 1,1892, to Secure—
T
Description o f Bond».
G A S C O M P A N IE S .
Public Deposite
in Bank».
Bank
Circulation.
Total Held.
Currency 6 b.....................
4 per c e n t s . . . . .. . . . . . . . ..
2 per cents......................
$1,116,000
13,478,000
1,783,000
«11,368,000
128,136,200
21,898,350
«12,484,000
141,614,200
23,681,350
Total,.........................
$16,377,000
«161,402,550
«177,779,550
Coinage by U nited States Mints.— The following state
ment, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
Denomination.
Double eagles..........
Eagles.......................
Half eagles...............
4 Months o f 1892.
April.
Piece».
88,625
43,120
211,560
Piece».
Value.
«
1,772,500
431,200
1,057,800
Value.
«
413,641 8,272,820
177,753 1,777,530
466,098 2,330,490
23
Quarter eagles........
57
Total g o ld .............
343,305
3,261,500
Standard dollars....
Half dollars.............
Quarter dollars.......
Dimes................. .
520.000
182.000
1,112,000
1,870,000
520.000
91,000
278.000
187.000
Total silver............
3.684.000
Five cents................
1.812.000
90,600
12,812,507
128,125
Total m in or..........
1,812,000
90,600 18,909,324
432,966
Total co in a ge......
5,839,305
Bid.
G A S C O M P A N IE S .
A sk .f
B rooklyn G as-L ight........... 110 113
Consolidated Gas................ 113 V I l i
Jersey C ity A H o b o k e n .. 175
M etropolitan—B o n d s ....... n o n a
Mutual (N . Y . ) ................... 137 140
100 102
B onds, 6 s ....................
Nassau (B ro o k ly n )............ 138
S c r ip ....... ................... — 100
85 .........
P eople’ s (B ro o k ly n !.........
Ask
■W illiamsburg................... 125
B onds, 6s....... ................. 108
M etropolican( B rook lyn ). 102
M unicipal—B onds, 7s___
F ulton M u n icip a l............ 129
B onds; '68......................... 102
150
E quitable
quitabl
106
B onds, 6 s.
130
107
155
City Railroad Securities—Brokers’ Quotations.
A tlantic A v ., B ’k ly n .S t’k.
Gen. M .,5 9 ,1 9 0 9 ...A & O
B roker St. A F o l. F . - S t k .
l s t m ort., 7s.t 1900-. J<fcJ
Br’ dw ay A 7 th A v .~ S t’k ..
l s t m ort., 5s, 1904 .J A D
I d m ort., 5s, 1 9 1 4 ...J & J
B’w a y ls t , os, g n .......’ 24
2nd 6 s, int. as ren t., ’ 05.
Brooklyn C ity—S to ck .......
B ’ k ly n cro s st’n 5 s., 1908
Bkn.C’y<feN’n58,1938, J& J
Central C rosstow n—St’ k ..
' l s t m ort., 6s,1922.M & N
Oent. P k .N .A E .B iv .—Stk
Oonsols. 7s, 1902 .. .J A I
Ory D k .E .B .A B at’ v—Stk.
lstm ort, 7s, 1893.. J A D
105 107
100 103
29
27
113 116
196 200
105
104
105
95
180 182
109 n o
101 *a 102 V
136
115 117
120 123
116 120
115 120
100 101
__
1,057,515 12,380,897
S c r ip ............ . . . . ............
E ighth A v .—S to ck .. . . . . . . .
E ig h th A t . - S crip, 6s, 1914
42a A G r’nd St. F ’ry —Stk.
l s t m ort., 7s, 1 8 9 3 .A A O
4 2 d S t. M anh.A S t.N .A ve.
l s t m ort., 6s, 1910.. MAS
2d M,, in c o m e ,6 s ....J A J
H oust.W .S t. A P .F ’y —Stk.
l s t m ort., 7 s, 1 8 9 4 ..JA J
N iuth A v e .. .. . . . . . . . . ___
Se -end A v e .—S to ck ...........
ls t m o r t ., 5s, 1909.M AN
S ixth A ve .—S t o c k . . . . . . . . .
T hird A v e .—S t o c k ............
l s t M., 5s, 1937.......J A J
Twenty-third St.—S to ck .,
l s t m ort. 7s, 189 3 ..........
1011......
210 ......
105 109
250 __ _
_
100 103
47 50
110 112
551 57
200 ....W
100 107
128 133
106 ¡108
102105
190 200
2 ?0 240
112 114
250 ____ _
1021104
1.511.620 1,511,620
Auction Sales—Among other securities the following, n o t
1.662.620
831,310
4,668,699 1,167,175 regularly dealt in at the Board, were recently sold at auction.
6,862,318
686,232
By Messrs. R. V. Harnett & C o.:
1,076,000 14,705,255 4,196,337
6,096,817
304,841
4,428,100 34,672,094 17,010,200
25 Southern Nat. Bank.......102
Share».
50 Bank of the State of N. Y.117
60 Equit. Gas A Elee. Co. of
20 Imp. A Traders Nat Bk.614*a
U tica.............................. 57
400 U. 8. Equitable Gas C o..45-46 250 Nat.Butohers’ A Drovers’
Bank................................184
105 Coney isl. Jockey Club.. 119*«
Bond».
40 Washington Life Ins. Co. 140*4
«5,000 Charles. A Sav. RB. 2d
20 Bank o f NewAmsterd’m.143
pref. Inc. bonds.................... 25*«
75 Nat. Bank of Commerce. 191*4
«500 Bloomingdale Graphite
500 Bloomingdale Graphite
Co. 6s, 1906, AAO............... «250
Co., «5 each................ $75 lot
C hanges in L egal T enders and National Bane Notes to
Ma y 1.—The Comptroller of the Currency has furnished
By Messrs. Adrian H. Muller & Sons:
us the following, showing the amounts o f national bank
Share».
Share».
10 Celluloid Co..................... 96%,
1 Memb. N. Y. Produce Ex. $755
notes April 1, together with the amounts outstanding May
150 Westchester Fire Ins.Co.163
350 Brooklyn A N. Y. Ferry
1, and the increase or decrease during the m onth; also
5 Eppens.Smith&Wiemann
Co........................... 150-152*4
the changes in legal tenders held for the redemption of bank
Co................................. ..111%
50 Peninsula Mining Co... > «12
10 Lawyers’ Title Ins. C o...157
notes up to May 1:
_____________________ ___________
~}
80 Marine Railway Co,. . . . J
National Bank Notes—
Amount outstanding April 1,1892.
Amount issued during April..............
Amount, retired during A pril...........
f l , 016,455
1,068,181
«172,418,119
51,726
«172,366,393
Amount outstanding May 1,1892*.
Legal Tender Notes—
Amount on deposit to redeem national bank
notes April 1,1892................. ............ ........
Amount deposited during April........... .
Amount reissued & b’nk notes retir’d in Apr.
«417,130
1,063,184
«29,062,941
651,054
20 4th National Bank...........205*4
62 N.Y.Bowery Fire Ins.Co. 91*«
40 Jefferson Ins. Co............. 96
25 Manhat.Tele.Co.(850 ea.) $35
100 Broadway Nat. Bank— 280
5 Home Ins. Co................1 4 4
62 Greenwich Ins. Co.......... 100
34 Eagle Fire Co.................. 217V
5 Bank o f North Amerioa.169
5 Hanover Nat. Bank........ 345
11 Nat. Bank of Commeroe.192
3%, 8d Nat. Bank of N. Y ....102*«
Amount on deposit to redeem national bank
«28,411,887
notes May 1,1892.......... ..............................
* Circulation of national gold banks, not inoluded above, «110,182,
According to the above the amount of legal tenders on
deposit May 1 with the Treasurer of the United States to
redeem national bank notes was $28,411,887. . The portion of
this deposit made (1) by banks becoming “ insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks re
ducing or retiring their circulation, was as follows on the first
o f each of the last five months :
Deposit» by—
Jan. 1.
Feb. 1.
March 1.
April 1.
ffiauMttg atxfl ffittaujctal.______
Spencer Trask
10 W a ll S t., N ew Y o r k .
Total.......... 32,879,620 31,657,406 30,190,035 29,062,941 28,411,887
* Act of June 20,1874, and July 12,1882.
—Messrs. N. W . Harris & Co. o f New York, Chicago and
Boston advertise in our State and City Department under
“ New Loans ” quite a list o f securities to which they invite the
atttenion of investors.
—Messrs. J. S. Farlee & Bro. offer in the Chronicle to-day
a selected list of guaranteed stocks and bonds.
—Messrs. A. M. Kidder & Co. advertise a list of railway
securities paying 6 to 7 per cent,
Co.,
16 Congress S t., B o s to n .
LIBERTY NATIONAL BANK,
Central Building. 143 Liberty Street. New York.
CAPITAL,
» 5 0 0 ,0 0 0
ACCOUNTS OF B AN ES, B AN EERS AN D MERCHANTS SOLICITED.
H E N R Y C. T IN E E R President.
H EN RY GRAVES, Vice-President,
JAMES CHRISTIE, Cashier.
DIRECTORS.
E. F. C. YOUNG,
W M . RUNKLE,
DUMONT CLARKE,
JNO. H . STARIN.
H E N R Y C. TIN KER,
H E N R Y GRAVES,
GEO. F. B AK ER ,
J. R . M A XW E L L .
H . 0 . FAHNESTOCK.
HON. G. A . H O B A RT
J. A . G A R LAN D
THE MERCANTILE NATIONAL BANK
—The Comptroller of the City o f Brooklyn invites pro C apital,
posals up to May 11 for $1,143,000 3% per cent bonds. See W IL L IA M
details in State and City Department and also in the advertise
ment.
—Attention is called to the various city and town bonds
offered in our columns by the well-known house of Messrs.
Spencer Trask & Co. of this city and Boston.
&
B AN E ER S,
A L B A N Y, State & James St.
PROVIDENCE, 5 & 7 Exchange St.
Members New York and Boston Stock Exchanges.
COMMISSION ORDERS EXECUTED ON E IT H E R EXCHANGE.
Direct Private W ire to Bach Office and to Philadelphia.
D E A L E R S IN STATE, CITY AND R A IL R O A D BONDS.
May 1.
«
$
$
«
$
791,961
Insolv’t bks..
722,406
706,535
686.903
678,088
Llquid’g bks.. 5,208,056 5,165,770 5,059,104 5,058,797 5,156,022
Red’o’g undr.
act o f ’74..* 26,949,158 25,785,101 24,444,028 23,326,056 22,463,904
54 Warren RR. C«................. 147
20 National Park Bank....3 2 5 -%
Bond».
«5,000 B’klyn A N. Y. Ferry
Co. 1st 6s. 1911....................116*4
«20,000 Chic. A Southw. RK.
1st 7s, 1899, MAN............... 114%
$1,108 56 Jefferson Ins. Co.
scrip, 1872 to 1880............. 86
$2,000 Pitts. Shenango A L.
E. RR. l i t 5s, 1940, A&O.89V-90
OF THE CITY OF NEW Y O R K ,
No. 191 Broadway.
$ 1 ,0 0 0 ,0 0 0 |S u r p lu s * P r o fit s ,!$ 1 ,0 3 0 ,0 0 0
P. ST. JOHN, President. |FRED ERICK B. SCHENCK, Cashier.
JAMES V . LOTT, Assistant Cashier.
ACCOUNTS SOLICITED.
THIRD NATIONAL BANK
OF T H E
C apital,
-
C IT Y OF N E W Y O R K .
-
-
-
“
$ 1 ,0 0 0 ,0 0 0
JB. WOO D W A R D ................................President.
H E N R Y CHAPIN, JB.............. Cashier I J. FR BD ’ K S W E A S Y .., -Asst. Cashier*
Accounts solicited and careful attention.; to ithe- interests^ ef Depositor g
guaranteed.
TH E
752
CHRONICLE.
3p x* g a tife je rs' (gazette*
D IV ID E N D S .
Name o f Company.
R a ilro a d s.
Chic. & Alton pref. & com. (quar.)
Chic. Burl. & Quincy (quar.)........
Mexican Northern (quar.)...........
Old Colony (quar.).........................
Pennsylvania.................................
Seaboard & Roanoke....................
m is c e lla n e o u s .
American Cotton Oil pref.............
Lehigh Coal & N avigation........
National Lead pref. (quar.)........
Prov. & Stonington 8.S. (quar.)..
When
Per
Cent. Payable.
2
1*4
1%
1%
3
3 ia
3
21«
1%
2 ia
Boohs Closed.
(Bays inclusive.)
June 1
June 1ft May 25 to
May 16 May 11 to
June 1 — ------to
May 31 — — -— Sto
On dem. ------------ t o
Foreign Exchange.—The market for sterling bills has been
reported quiet but firm most of the week, with a slightly"
easier tone the past few days. The engagements of gold for
Saturday amount to $2,600,000. Actual rates for exchange
a re : Bankers’ sixty days sterling, 4 86%@4 87; demand,.
4 88@4 88% ; cables, 4 88%@488%.
Posted rates of leading bankers are as follows:
May 6.
---------May 16
---------------------------------
June 1 May 19 to June 1
May 25 ----------- to
June 15 May 1 to June 15
May 10 May 1 to May 10
1 V o l . L IT ,
Prime bankers’ sterling bills on London..
Prime com m ercial..................................
Documentarv commercial..........................
Paris bankers (francs)................ ................
Amsterdam (guilders) bankers..................
Frankfort or Bremen (reicbmarks)b’nkers
Sixty Days.
Demand.
4 87%®4 88 4 89 ®4 89%
4 86 ®4 86%
4 85i2®4 85%
5 17%®5 1678 5 155s®5 15
4018 ® 40%6 4038®407i6
95%®9538
951
a®95°8
The following were the rates o f domestic exchange on New
York at the undermentioned cities to-day: Savannah, buving,
par ; selling % premium ; Charleston, buying par@ 1-16 pre
W A L L ST R E E T, F R ID A Y , M A Y 6, 1 8 9 2 - 5 P . M.
mium, selling %(3|3-16 premium ; New Orleans, bank, $1 5 0
The Money Market and Financial Situation.—There is a per $1,000 premium ; commercial, 75c. premium ; St. Louis,
better demand now for bonds, and investment brokers report 90c. per $1,000 premium; Chicago, 25@80c. per $1,000 pre
that there has seldom been a. time when there was so small a mium.
supply of good bonds offering. It is plain that the bonds
United States Bonds.—Quotations are as follow s:
created for new railroad construction during the past few
years have been of relatively small amount, and hence we
Interest April May May Hay May Majf
5.
4.
6.
2.
3.
Periods 30.
have seen much money going into the various industrial cor
porations that have been organized from time to time to 2 s ,...................... reg. Q.-Mch. *100 *100 *100 *100 *100 *100
“ takeover” and carry forward the manufacturing or mercan 4s, 1 9 0 7 ........... reg. Q.-Jan. *115% 115% *115% *115% *115% *115%
tile business of one concern and another — usually capitalized 4s, 1907........... coup. Q.-Jan. *115%, *115% *115% *115% *115% *115%
6s, our’cy,’ 95___reg. J. & J. *109 *109 *109 *109 *109 *109
on a high basis.
*111 *111 *111 *111 *112 *112
Whatever the merits of these companies may be respectively, 6s, our’cy,’96___reg. J. & J. *113 *113 *113 *11313 *1141* *1141»
6s, our’oy,’97___reg. J. & J.
there is one objection that applies to nearly all of them, so far 6s, cur’ey,’ 98___reg. J. * J. *116 *116 *116 *11612 *117 *117
as outside investors are concerned, and that is, the difficulty 6s, cur’cy,’ 99___reg. J. & J. *118 *118 *118 *119 *1191* *1193*
of getting frequent information, or any detailed and precise
*TMsis the price bid at the m omma board: no sale was made
information whatever, about their earnings or financial affairs.
Government Purchases o f Silver.—The following showsIt is true that the Cotton Oil, National Lead, H. B. Claflin
Co., and some others, have made brief annual statements, but the amount of silver purchased by the Government in May :
who to-day can tell what any of thé leading industrial con
Ounces
Ounces
cerns are doing the present year, or what their income has
P n ce paid.
offered. purchased.
been the past four months as compared with the same time in
313,600 $0-8723 ® $0-8740
443,600
1891, or vs bat their prospects are for the whole year 1892 ?
420,000 $0 8 37 © $0'874<>
1,193,000
The financial markets have recently been agitated by suits
281,000|$0-8710 ® $0-8715
“
6 .................................. 431,000
brought in one shape or another to break up combinations of
, .......... $ .......... a $ .........
capital—suits against the Reading leases., against the Sugar
1,014,600 $0-8710 ® $0-&746
*Total in month to date.. 2,067,600
Company’s purchases, against the officers of the former Whisky
Trust; and, on the other hand, there has been a suit pending
*The looal purchases of each week are not reported till Monday o f
for some time in the U. S. Circuit Court of Texas by the Farm
ers’ Loan & Trust Co. of this city, as trustee under certain the following week.
railroad mortgages, against the Railroad Commissioners
State and Railroad Bonds.—The sales of State bonds in
of Texas, to. have their tariffs declared illegal and void on the clude $5,000 N. Car. 6s, 1919, at 122 ; $5,000 Tenn. settlt. 5s at
ground that they would prevent the railroads from earning 101 ; $2,000 do. 3s at 70%; $10,000 Ya. Riddleberger 3s at
interest on their bonds. These suits involve very broad ques 72% ; $7,000 Ala. cur. funding 4s at 97.
tions, both regarding the rights of security-holders and the
Railroad bonds have shown more activity here and there,,
rights of the people and policy of the State and and the tendency is still towards firmness in price for thn
national governments, but
the fair-minded may be popular mortgage bonds. The Reaiding 4s close at 87% ; Rioglad to see the controversy in each case drift more Grande Western 4s at 81% ; Scioto Valley & N. E. 4s (ex
and more towards a question of fact. Thus in the case of coupon) at 80% ; the new Ches. & O. 4%s at 84%, and the
Reading, is the company dividing or about to divide large Rich. & All. 1st 2-4s at 78%; Chic. & E. 111. genl. 5s at 101%;
profits on an inflated capital, or have the security-holders been Northern Pacific consol. 5s at 78%; Wabasn 2d 5s at 83%;
going for some years without any returns on money hon Atchison 4s are merely steady at 83%; Mo. Kan. & Tex. 4s at
estly expended ? In Texas, were the railroads making un 81%.
AH these bonds have had more or less activity,
reasonable profits, or was there scarcely a road in the State together with many other issues, and the general
that was earning 5 per cent on its actual cost, even under business has been larger than before.
The Oregon
the former scale of rates? In the case of the American Improvement 1st mortgage 6s sell at 101% and the 5s
Sugar Company, are they effecting a practical monopoly and at 65% ; the Louisville New Albany & Chicago consoli
charging enough on sugar to divide profits on a highly-in dated 6s are up to 101. The Rich. & Dan. issues are low, the
flated capital, or are they securing no monopoly and purpos 6s 1st mortgage bonds selling at 106 and the consolidated
ing to sell their product (which is one of the necessaries of 5s at 77. Tbe Richmond Terminal complication may
life) at a price that will only pay a fair interest on money ac soon direct attention to these bonds, as also to the East
Tennessee mortgage issues, by parties who will examine
tually invested ?
These great questions of fact the public will look at more carefully into the status of each class. The Terminal bonds
than at technical points of law, and public opinion must have not been very active, closing at 85% for the 6s and 57%
for the 5s. The St. Louis & Iron Mountain 5s sell about 84%,
eventually influence legislation.
The open market rates for call loans during the week on and it seems curious that those bonds guaranteed by Missouri
stock and bond collaterals have ranged from 1 to 2 per cent, Pacific usually sell a trifle lower than those of the same
the average being 1% per cent. To-day rates on call were 1 to issue not guaranteed.
2 per cent. Commercial paper is quoted at 3%@4% per cent.
Railroad and Miscellaneous Stocks.—There has been a
The Bank of England weekly statement on Thursday showed quiet stock market this week, with prices generally steady.
a decrease in bullion of £59,000, and the percentage of reserve The course of affairs has not been disturbed much by ex
to liabilities was 41‘68, against 42-78 last week; the discount traordinary movements in one direction or the other, if w e
rate remains unchanged at 2 per cent. The Bank o.f France except the decline in American Sugar on Thursday under
shows an increase of 19,250,000 francs in gold and 4,925,000 free sales apparently made in consequence of the Government
francs in silver.
the recent purchases in
the
The New York Clearing-House banks in their statement of suit against in Sugar have always been Philadelphia. But sup
movements
a mystery and are
April 30 showed an increase in the reserve held of $948,900 posed to come from inside operations. Reading has been very
and a surplus over the required reserve of $20,036,300, against well held as a rule against the various attacks upon its re
$19,532,975 the previous week.
cent leases, and the large owners seem to hive great confi
dence in their position. The vagaries of New England stock
1890.
1891.
Differen'sfrom
1892.
have occupied some attention, and the question of future
May 3.
May 2.
Prev. week.
Aprii 30.
financial policy to be shortly settled must have much to do
$
$
with the course of the stock. Atchison seems to have reached
$
$
60,772.700 61,062,700 bottom for the present, and the surplus of the current fiscal
60,372,700
Capital............ .
63.606.000 58.464.300
66,704,400
Surplus................
Loans and disc’ts 493,078,200 Tne.1,151,600 404,465,600 399,772,400 year up to date is its strong p oin t; to pay 5 per cent on the
3,679,500 incomes would require about $2,400,000 more than last year,
3,474,400
29,100
Circulation.........
5,705,900 In c.
Net deposits. . ___ 535.778.000 Inc .1,782,300 407,166,000 406,061,500 when 2 per cent was paid, but the incomes are now selling on
71.846.000 77.940.300
S pecie.................. 105.486.000 Dec. 596,600
Legal tenders... . 48,494,800 In c. 1,545,500 37,388,800 26,703,»00 a basis of about 3 per cent per annum. National Cordage is
firmly held, in spite of the bill to make binding twine duty
Reserve held_ 153,980,800 Inc. 948,900 109,234,800 104,644,100
_
Legal reserve___ 133,944,500 Inc. 445,575 101,791,500 101,515,375 free. National Lead sells at 85%for the preferred and 32%
for the common, with 1% per cent quarterly dividend just
7,443.300
3,128,725 declared on the former.
8 -ulus reserve
20,036,300 In c. 503,325
TH E
M a y 7, 1892.1
CH RONICLE,
&Ì753
NEW YORK STOCK EXCHANGE — A C T IV E STO C K S fo r meek ending M A Y 6 , and since J A N . 1, 1 8 9 2 ,
HIGHEST AND LOWEST PRICES
STOCKS.
Saturday,
April 30.
Monday,
May 2.
Tuesday,
May 3.
Wednesday, Thursday,
May 5.
. May 4.
Friday,
May 6.
Sales
of the
Week,
Range of sales in 1892.
Lowest.
Highest
A c t iv e R R . S t o c k s .
34% 35% 34
34% 34% 34% 34% 35% 34% 35% 34% 35% 64,120 34 Apr. 28 46% Jan. 4
Atchison Top. < Santa F e..
fc
*4%
4%
*4
4%
Atlantic & Pacific............. .
*4
4%
*4% 4%
4
*4% 4%
4
100
4 Apr. 21
5% Jan. 2
98
98% 98% 98% 98% 98% 98% 98% 98% 98% 98% 98%
Baltimore & Ohio............. ..
4,688 95% Mar. 9 101% Mar. 12
*87% 88% *87% 88% *87% 88% 88
*87% 88% *87% 88%
88
Canadian Pacific..................
200 86% Mar. 22 94% Jan. 12
60% 60% 60% 60% 60% 60% 60% 60% 60% 61
60% 60%
Canada Southern.................
2.258 58% Jan. 19 64% Mar. 5
140% 140% 138% 139
138% 139% 139 139
138% 138% 138% 138% 2,000 111% Jan. 19 145 Feb. 29
Central of New Jersey.........
*31
31% *31
31% *30% 31% 31% 31% *30% 31% *30% 31%
Central Pacific.....................
400 30% Mar. 21 35 Jan. 4
23% 23% 23% 23% 24
24% 24
24
24% 23% 24
Chesapeake < O., vot. tr. cert. 24
fc
7,907 23 Apr. 1 28 Jan. 14
62% 62% 62% 62% 62% 62% 62% 62% 63
63% 63% 63%
Do do
1st p r e f....
3,746 59 Jan. 9 64% Jan. 16
43% 43% 43% 43% 43% 43% 43
43% 43% 43% 43% 43%
Do do
2d pref.......
4,824 38% Jan. 9 43% Feb. 17
*150
150 150 *149
*151 155
Chicago & A lto n ..................... *145 150
50 139 Feb. 4 150 Apr. 12
Chicago Burlington & Quincy. 107% 107% 107% 107% 107 107% 107% 107% 107 107% 106% 107% 16,062 103% Feb. 24 110% Jan. 28
64% *62
64% *62
64% 62
64% *62
64% *62
62
Chicago & Eastern Illinois.... *62
20 62% Mar. 28 70 Jan. 2
*98 100
99% 99% 100 100
99% 99%
Do
pref. 100% 100% *98 100
422 98 Jan. 20 104 Feb. 11
77% 77% 77% 78% 77% 78% 77% 78% 68,290 75% Apr. 2 83% Jan. 7
Chicago Milwaukee < St. Paul. 77% 78% 77% 78
&
123 123
123% 123% 124 124% 124 124%
. Do
pref. 123 123% 123 123
2,487 120% Jan. 19 128% Mar. 5
120% 120% 120% 120% 120 120% 120 120% 120% 121% 120% 121% 14,650 114% Jan. 19 121% Mar. 5
Uhicàgo < Northwestern ..
fc
144 144
144% 146
Do
pref.
640 141% Jan. 12 146 May 4
84
84% 83% 8438 83% 84% 84
84% 84% 85% 84
Chloago Rock Island & Pacific.
84% 19,919 83% Apr. 27 94% Jan. 7
48% 47% 47% *47% 48
48% 48% 48% 49% 48% 50% 23,530 44 Jan. 19, 50% Jan. 29
Chicago St. Paul Minn. < Om, *48
&
116 117% 118% 119
116 116
Do
pref. *115 116 *115 116 *114 116
2,500 108% Jan. 20 119 May 6
*69
69% 70% 70
70
70
69% 69% 69% 69% 69% 69%
Cleve. Cincin. Chic. & St. L ...
1,652 68% Apr. 2 75 Jan. 7
97% 98%
98% 98%
Do
pref.
172 95 Jan. 35 99 Mar. 7
Columbus Hocking Val. < Tol. 33% 33% 33% 33% 33% 33% 33% 33% 33% 34% 33% 34%
fe
7,078 29% Jan. 19 34% May 5
144% 146% 144% 146
144% 145
145 145% 144% 145%
144% 145
Delaware < Hudson....... ..
fc
4,364 122% Jan. 8 149% Apr. 7
Delaware Lackawanna &West 159 160% 159% 159% 158% 159% 159% 159% 158% 159% 158% 158% 11,384 138% Jan. 19 167% Feb. 29
17% 17% *17% 18% *17% 18
*17% 18% *17
*16
18
D enver < Rio G rande.......
fe
18
200 16% Feb. 4 19% Jan. 2
51% 50% 50% 51
51
Do
pref. 51
50% 51% *51
51% 50% 50%
1,750 45 Jan. 8 54 Mar. 9
4%
*4
5
4%
4%
5
5
5
‘ 4%
Bast Tennessee Ya. < Ga___
fe
5%
5%
5%
1,070
4% Apr. 30 9% Jan. 7
*35
*35
50
*35
45
45
*38
Do
1st pref
*35
45
50
*38
45
40 Mar. 24 51% Jan. 11
Do
2d pref. *13% 14% 12% 12% *12% 13% *12
14
13% *12
*12
13
6 13 Apr. 7 20 Feb. 29
137% 137% *........ 138
Evansville & Terre Haute___ 137 138
138 140 *140 144% 140 140
1,300 x ll9 % Jan .15, 140 May 4
*124 125 *123 127
125 125
"Great Northern, pref..........
126% 126% 126% 126%
295 119 Jan. 22 142 Mar. 17
103% 103% 103% 103%
Illinois Central.............
*103 103% 103% 103% 103 103
650 103 May 6 110 Jan. 5
*11
11% *11
11% 11% 11% *10% 11
*10% 11% *10% 11%
Iowa Central........ ..............
100 11 Apr. 2 15% Jan. 4
*40
42
42
45
Do
pref. *42% 46
*40
*40
43
43
*40
43
42 May 2 56% Feb. 13
*25% 26
25% 25% *25
*25% 26
Lake Erie & W estern........
25% *25
26
*25
25%
400 20% Jan. 19 27% Apr. 18
*76% 78
77
Do
pref. 79% 79% 77
*77
77% 77% 77% *77
78%
370 69% Jan. 5 80 Apr, 18
Lake Shore < Mich. Southern 134% 135% 133% 134% 134 134% 134% 135
fe
134% 135% 134% 135%
8,831 120 Jan. 19 140% Mar, 5
101 101% *101 102% 101 101 *101 102%
Long Island............................. *100 102 *101 103
310 95 Jan. 18
Mar.
75% 75% 74% 75% 74% 75% 74% 75% 74% 75% 74% 75% 26,730 71% Apr. 1 103 Jan. 7
Louisville < Nashville...........
fe
84%
2
26% 27% 26
26% 26% 26% 26
27% 26
Louisv. New Alb. < Chicago..
fc
27% 26
26% 25,175 23% Apr. 4 31 Jan. 7
Manhattan Elevated,consol.. 124% 124% 123% 124% 123 124
124 124
123 124
122 123
4,288 104 Jan. 2 125% Apr. 9
110 110 *109 n o *109% 110% 109% 109% n o 110
Michigan Central................
109% n o
1,061 104 Jan. 20 116 Mar. 7
*90
*90
Milwaukee Lake Sh. «fe West.. *90
*90
*90
*90
92% Jan. 6 94 Feb. 1
*130 3.40 *130 140 *130 140 *130 140 *130 140 *130 140
Do
pref.
128% Feb. 24 135 Jan. 28
13% 13% 12% 12% *12
13% 12
Minneapolis < St. Louis...
fe
12% 12% 12
12
13
1,080
8 Feb. 25 14 Apr. 29
27% 28% *27% 28% 28
Do
pref. 27% 30
28
28
28% *27% 28%
2,600 18 Mar. 5 30 Apr. 30
*16
16% *16
Missouri Kansas < T ex a s..
fe
16% 16
1634 *16
16% *15% 16% 16
16
1,220 15% Mar. 29 20% Jan. 13
28
■ Do
pref. 27% 27% 27% 27% *27
*27
*27
28
28
27
.27
1,000 27 Apr. 4 33% Jan. 13
59% 59% 59% 59% 59
Missouri Pacific..................
59
58% 60% 5 9 % 60% 58% 59%
9,549 57% Apr. 2 65% Jan. 4
*36
*35% 38
Mobile < Ohio.....................
&
38
*35% 38
*35% 38
*36
38
38
41
2,000 34% Jan. 27 42% Jan. 2
*85% 86
*85% 86
Nashv. Chattanooga«feSt. Louis *85% 86
85% 85% *85
*85
88
88
118 85 Mar. 29 90 Jan. 14
New York Central < Hudson. 114% 115% 114% 114% 11438 114% 114% 114% 114% 114% 114 114%
&
2,518 112% Jan. 19 119% Mar. 5
18% 18% 18
18
New York Chic. < St. Louis ..
&
18
.18
18
17% 17% 17% 17%
18
1,225 17% May 6 22% Jan.
*74% 76
*74% 76
Do
1st pref
*74% 76
*74% 76
-74% 76
75
75
600 74% Apr. 12 81% Jan.
38% 38% *37
Do
2d pref.
37% *37
38% 37
37% 37% *37
38
38
950 37% May 5 45 Jan.
New York Lake Erie < West’n 29% 30% 29% 30% 29% 30
fe
29% 30% 29% 30% 29% 30% 32,440 29% Apr. 2 34% Jan.
72% 72% 72% 72% *71
Do
pref.
72
71% 71% 72
72% 71% 71%
1,240 70% Jan. 19 77% Mar,
373s 39% 37
New York < New England...
&
38% 39% 38% 39
38% 38% 38% 38
38% 74,760 36% Apr. 6 59 Mar.
New York New Hav. < Hart. *238
fe
*238
*235 245
242 242
*238
5 224 Jan. 15 242 May
New York Ontario < Western 19% 19% 19% 19% 19
fc
19
19% 19% 19% 19% 19
19%
2,967 18% Feb. 5 23% Feb. 11
11% 11% 1134 11% *11% 12% 11% 11% 11% 11% 11% 11%
New York Susquehan. «fewest,
1,410 10% Jan. 4 14% Feb 15
55
*55
55
Do
pref.
55
56
55
*55
56
56
*55
56
56
310 41% Jan. 2 60 Mar. 14
Norfolk < Western.............
fe
*13
14
14% *13
14% *13
*13
15
15
*13
15
14 Apr. 26 18 Jan. 4
Do
pref. *46% 47% *46% 47% 46% 47
46% 46% 47
46% 46%
47
695 46% May 3 56 Jan. 4
21% 21% 21% 21% 20% 21% 19% 20% 20
Northern P acific................
20% 20% 20% 13,940 20 May 5 26% Jan. 2
Do
pref. 59
59% 59
59% 58% 59% 58% 59% 59
59% 59% 59% 27,550 5 8 % Apr. 27 72% Jan. 2
Ohio < M ississip p i.........
fe
*20
22
21% *20
*20
21% *20
21% *20
21%
21 Feb. 11 24 Jan. 5
■Ohio Southern.............. ; ____ *25
27
26% 26% *25
27
*25
26
27
26
*25
26%
200 19 Jan. 12 37% Mar. 23
Oregon R’y < Navigation Co. *80
fc
90
*80
*80
87
85
*80
87
*80
85
*80
85
85 Jan. 20 91% Jan. 28
Oregon Sh. Lin e«fe Utah North *25
27% *25% 26% 25% 25% 25% 26
*25% 26
*25
26
220 25% Apr. 29 33% Jan. 4
Peoria Decatur < Evansville. *19
&
19% *1834 19% *18% 19
18% 18% *18% 19
19% 19%
450 18% Apr. 1 22% Jan. 4
Phila. < Read., vot. trust, cert. 59% 61% 59% 60% 59
&
59% 59% 60
58% 59% 58% 59% 305,035 38 Jan. 19 65 Feb. 11
Pittsburg Cinn. Chic, «fe St. L. *22% 24
*22
23% 23% 23% *21
23
23
*22% 23%
23
150 23 May 5, 30% Jan. 5
Do
pref. *62
63
64
63% 63% *62
*62
63% 62% 62% 62% 63%
520 60 Apr. 1 67% Jan. 5
Pitts, «fewest, pref. tr. certs. 45
45% 43
44
44% 43
44
44% 43% 43% 44
44
1,750 3 9 % Jan. 4 45% Apr. 29
Rich. < West P’t Ter’], tr. rec.
&
9%
9%
9%
9%
8%
9%
9%
9
9%
9%
8%
9%
9,825
8% May 6 11 Apr. 8
Do
pref., tr. rec.
57
57
55% 55%
55
55
55
57
55
360 54 Apr. 18 59% Apr, 8
Rio Grande Western...............
37% 37%
37% 37%
175 37 Mar. 2 41 Jan. 5
Do
pref. 72
72
100 68 Feb. 26 74 Mar. 11
Rome Watertown «feOgdensb. 110% 110% 110% 110% 111 111
111 111 *110 111 *110 111
265 110 Jan. 19 112% Jan. 4
St. Louis Southwestern ........
*8%
9
*8
9
8%
*8%
9
8%
8%
8%
*8%
9
480
7% Apr. 1 11% Jan. 2
Do
pref. *16% 17% *16% 17% *16% 17% 17
17
*16% 17% *16% 17
100 16 Mar. 30 22% Jan. 2
St. Paul < Duluth................... *44
fc
44% *43% 44% *4334 45
*44
45
44% 45
45% 45%
600 42 Mar. 26 48% Jan. 7
Do
pref. *104 105 *104 105
104% 104% *105 106
105 105 *105 106
306! 103 Jan. 19 106% Feb. 1
St. Paul Minn. <&
Manitoba... *112% 114 *112% 114 *112% 113% 113% 113% *112% 113% *112 114
50,112 Feb. 25 116% Jan. 4
Southern Pacific Co................
37% 37% 37% 373s 37% 37% 37% 37% 37% 37% 37% 37 k
1,930 37 Apr. 5 41% Jan. 6
Texas < Pacific....................... *10% 1038 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
fe
1,385 9% Feb, 10 14% Jan. 4
Toledo Ann Arbor «fe N. Mich. *24
*24
25
25
*24
*23% 23% *24
25
25
25
25
10 23 Apr. 1 27% Feb. 3
Toledo < Ohio Central.......... . *50
fc
52
*50% 52% *50% 52% *50% 52% *50% 52%
51
51
100 46 Jan. 28 52% Feb. 13
_
Do
pref. *82
*82
85
*82
85
!*82
85
85
*82
85
*82
85
. . . . . . 83 Jan. 12 88 Feb. 11
.............
Union P acific. . .
43% 44% 43% 44% 43% 44
43% 44% 43% 44% 43% 44
16,867 42% Apr. 4 50% Jan. 4
Union Pacific Denver < Gulf. 19% 19% *19
fe
21
*19
20% *19
20% 20
20
19% 19%
445; 19 Apr. 2
25 Jan. 4
W abash.................................... *11% 12% 12 - 12
*12
12% *12
12% *12
1 2 % *12
12 %
100 11% Apr
1 15% Jan.
Do
pref.
27% 27% 27% 27% 26% 26% 26% 27% 27% 27% 27
27%
5,000 2 6% Apr, 1 33% Jan*
Wheeling «&Lake Erie.......
33% 34
33% 34 1 33% 33% 33% 34
33
337j 32% 33
6,500 12% Mar,. 19 40% Jan.
_ . Do
pref.
76
76% 74% 75% 74% 74% 74% 74% 74% 75
75
75
1,240 73 *2 Apr, 2 80% Jan. 4
Wisconsin Central Co.......
16% 17% *16
17% 16% 16% *16% 17% 17% 17% *16% 17%
300 16% Mar,. 29 21% Jan. 4
m is c e lla n e o u s S t o c k s . "
American Cotton Oil Co____
39% 40
39% 40% 39% 40% 38% 39% 38% 39% 38% 38%
9,414 32% Jan.
41% Apr. 18
U°
pref.
78% 78% 78% 8.0 % 78% 80
78% 79% 78% 79% 79
79%
8,743 63% Jan.
80% May 2
Am. Sugar Ref. C o ..................
95% 96
92% 95% 92% 94% 92% 94% 89
94
88% 89% 123,069 78% Jan.
101% Mar. 23
Do
pref
96% 96% 96
96% 95% 96% 96
96
93
95% 93
93%
6,272 90 Jan.
99% Mar. 23
Chicago Gas Co., trust rec’ts
78
78% 77% 78% 7734 78
77% 78% 78% 78% 78% 79% 21,000 71% Jan.
81% Feb. 12
Colorado Coal < Iron. ; .........
&
31% 32
32
31% 31% *31
31% 31% 31
31% 29
30
4.435 29 May
39% Jan. 11
Consolidated Gas Co____
114 114
113% 113% 114 114
113% 113% 113% 113% '113% 114
935 102 Jan. 15 114% Feb. 6
Distilling < Cattle Feed’g Co’. 48% 48% 47% 48% *47% 48
fc
47% 47% 47% 48
47
47%
7.410 44% Mar.
67% Jan, 7
Edison General Elec., tr. rec. 100 % 101 % 102 103% 103% 105% 105 106
104% 106% 105% 107% 12,707 96% Apr.
106% May 5
National Cordage C o ............. 101 % 102% 100% 101 % 100% 101% 101 103
102% 103% 102 103
27,228 92% Feb.
104% Apr. 12
Do
nref. 106 106% 104% 105
105 106% 106 10PL 105 106% 105 105
2,286 100 Jan.
114% Feb. 3
National Lead Co. . . . . . . ...
33% 34
33% 33-% 33% 33% 33% f3%
32% 32% 32% 32%
1,537 30% Mar.
39 Jan. 4
Do
pref.
85% 85% 85% 86
86
86
86
80% 85% 8 6 % 85% •85%] 3.411 81 Mar.
8 6 % Feb. 11
North American Co.......... .
14% 14% 14% 14% 14% 14% 14% 14% 14% 14% 14% 14%
3,755 13% Mar.
18% Jan. 4
Oregon Improvement C o ....... *22
26
*22
27
*22
*22
28
27
*22
28
*22
27
22% Apr.
29% Jan. 4
Pacific M a il.............................
35% 35% 35% 35% 35% 35% 35% 35% *35% 35% *35
35%
1,110 35 Mar.
40% Jan. 4
Pipe Line Certificates § ..........
56% 56% 57% 58% 57% 58% 57% 57% 57% 57% 57% 57% 233,000
52% Mar.
64% Jan. 12
JPuUman Palace Car C o......... 192% 194
189% 192
191% 193% 193% 193%
194 194
3,800 184 Jan.
195 Mar. 22
Bilver Bullion Certificates___ * 8 6 % 87% *87% 87% *87% .87% *87% 87% 193% 194
* 86 % 87% * 86 %
60,000 85% Mar.
95% Jan. 4
Tennessee Coal < Iron . . . ___
&
46% 47% 46% 47
463s 46% 46% 46% 44% 46% >44% 45
7,180 40% Jan.
50% Mar. 10
Do
pref. '102 1 1 0 "102 110
108 108 *102 n o
'102 ! 1 1 0
'102 110
30 92 Feb.
108 Apr,. 21
‘Western Union Telegraph___ 93% 93% 92% 93% 92% 93
92% 93% 92% 93% 92% 93
17,574 62 Jan.
93% Apr. 19
' These are the prices bid and asked; no sale made,
§ Prices from both Exchanges, x E x dividend,
THE- CHRONICLE.
751
fVoL, LIV,
NEW YORK STOCK E X C H O G E PRICES {Conttnu& ft)— IN A C T IV E STO CK S.
M a y 6.
I n a c t iv e S to c k s
U I n d ic a t e s u n lis ted .
B id .
R a n g e (sales) i n 189 1 .
A sk .
fta llr o a d s to c k s ,
A lb a n y & S u sq u eh a n n a ............. 1 0 0 1 6 0
1 65
1 6 0 F eb .
A tla n ta & C h a rlotte A ir LIT___ 1 0 0
87
92
B e lle v ille & S ou th . 111. p r e f ___ 1 00 141
1 50
1 2 5 Jan .
B o s t o n & N .Y . A ir L in e p r e f ___ 1 00 Í1 0 0
100 M ay
B r o o k ly n E lev a ted *".................... 1 0 0
33
30
3 1 J an .
4 0 % 35% M ar.
B u ffa lo R o c h e s te r & P it ts ........1 0 0 i 4 0
P r e fe r r e d ..................................... 1 0 0
80% 8 1% 7 8 % F eb .
B u rl. C ed a r R a p id s & N o r ........1 0 0
50
36
Jan.
7 78 J a n .
C le v e la n d ............... b u r g 1 5 4
& P it ts 50
1 5 0 J an .
6
D e s M oin es & F o r t D o d g e ........1 0 0
13
P r e fe r r e d ......................................1 0 0
6%
D u lu th S. S h ore & Atlan.1T........1 00
P referred H ....................................1 00 i 1 6
F lin t & Per© M a r q u e t t e ....'___ 1 00
P r e f e r r e d ... :...............................1 0 0
4%
G e o r g ia P a c iflc lf........................... 1 0 0
G reen B a y W in. & St. P a u l . . . . 1 0 0 i
9%
3
H o u s to n & T e x a s C e n tra l..........1 0 0
92
I llin o is C en tra l le a se d lin e s ___ 1 0 0
10
K a n a w h a & M ich ig a n ................. 1 0 0
K e o k u k & D es M o in e s ............... 1 0 0
P r e fe r r e d ...................................... 1 00
L o u is v . E v a n s. & St. L o ., c o n s .1 00 i 25
P r e fe r r e d ............. ....................... 1 00 Î 5 7
19
L o u is v . St. L ou is & T e x a s ......... 1 0 0
M a h on in g C oa l.............................. 5 0
88
P r e fe r r e d ............... ...................... 5 0 1 1 0
M em p h is & C h a rle sto n ............... 25
M e x ica n N a tio n a l.......................1 0 0
M orris & E s s e x .............................. 5 0
N . Y . L a ck . & W e s te rn ............... 1 00
N. Y . & N o rth e rn p r e f ................. 1 00
16%
P e o r ia & E a s t e r n ........................1 00
9
P itts . F t. W a y n e & C h ic a g o ___ 10O 1 5 4
R e n s se la e r & S a r a to g a ............... 1 0 0 1 70
R ic h m o n d T e rm ............................ 100 t
9
Do
p r e f ............................ 1 0 0
12
5%
19%
6
14
23%
80
7
8%
3%
90
10%
21
98
120
9
20%
57
14%
77%
100
8
18
7
6
1 0%
4
165
F eb.
1 30
1 02
32
43%
83%
50%
7%
1 55 %
Jan .
J an .
J an .
Jan.
Mar.
Mar.
Jan.
M ar.
L ow est.
St. J o s e p h & G r a n d I s la n d ....... .100
S t. L o u is A lt o n & T . H ___ . . . . . .100
I
Do
p r e f .............. .100
S t. L . & S an F ra n . 1 st p r e f ____ .100
.100
S ou th C a r o lin a ................... ..
T o le d o P e o r ia & W e s te r n ^ ____ .100
T o le d o S t. L o u is & K . C it y t f ...
V ir g in ia M id la n d .......................... .100
Mar.
M ay
M ay
Miar.
A p r.
A p r,
5 J an .
3 % M ar.
1 4 3 % Jan . 1 48
A p r.
1 0 7 % A pr. I l l
F eb.
26
Jan .
17
16% A p r.
12
11 M ar.
1 5 % Jan .
1 55
1 52 % F eb. 1 55 A p r.
1 6 4 J an , 175 A p r.
1 75
9%
8 % A p r.
1 7% F eb .
55 1 5 0
A p r.
79
F eb.
H igh est.
9 J an .
9 !$
32*4 F eb.
40
1 2 8 Mar. 1 5 0
76*2 Jan.
79
1 M ar.
4 ia
17% Jan .
24ia
■-8% J an .
26
3 6 % A p r.
3 8iß
M iscellan eou s Stocks,
Adams Express...........................100
American Bank Not© C o if.............
American Express.......... .
100
Am. Telegraph & Cable............ 100
American Tobacco Co., p r e f...100
Brunswick Company................ 100
Chic June. By. St Stock Yards.100
Preferred..................................100
Citizens’ Gas of Brooklyn.........100
Columbus & Hocking Coal....... 100
Commercial Cable...... ..............100
Consol. Coal of Maryland......... 100
Edison Gen. Electric................. 100
Laclede Gas................................ 100
Do
p r e f...................... 100
Lehigh & Wilkes. CoallT........
Maryland Coal...........................100
Minnesota Iron...........................100
National Lead Certs. 1[..............100
National Linseed Oil Co............100
National Starch Mfg. Co...........100
New Central Coal..... ............. . .100
Ontario Silver Mining............... 100
Pennsylvania Coal................... 50
P. Lorillard Co. p r e f............... 100
Postal Telegraph—Cablefl.............
Quicksilver Mining.................... 100
Preferred................................. 100
Texas Pacific Land Trust......... 100
...................100
U. S. Express........ L
Wells, Fargo Express................ 100
8 % Jan.
M ar.
2 0 Jan.
J an .
7 % Jan .
M ar.
F eb.
1 6 % Jan.
M a y . 2 8% A p r.
87
Mar.
M ar.
7 Jan.
J an .
1 2% Jan .
A p r.
4 % Mar.
M ar.
9 6 Jan .
M ar.
1 4 Jan .
A p r.
14
M ar.
F eb .
26
M ay
60
24
J an .
F eb. 1 00
F eb . 1 12 %
[■ a n g e (sales) in 1 8 9 2
R
I n a c t iv e S t o c k s .
1 I n d ic a t e s u n lis te d .
T
H ighest.
L ow est.
(* Indicates actual sales.)
1431a A p r.
43
F eb .
1 16
F eb.
8 0 J an .
9 6 J an .
8 M ay
7 2 A p r.
80!® Jan.
9414 J a n .
12
M ay
1 48
J an .
26
F eb.
8814 Jan .
17t4 A p r .
571* M ar.
2 0 F eb.
2 3 % F eb .
75
M ay
1 8 78 J an .
27 Jan.
35
F eb.
1 0% Jan.
3 7 % A p r.
275
F eb.
1 1 4 F eb .
3 7 Jan .
3*8 M ar.
1 6 M ar.
1 3 78 A p r.
4 4 A p r.
1 4 0 Jan .
Jan,
A p r,
A p r.
M a r.
Jan.
A p r.
F eb.
F eb.
150 Jan.
4 5 13 M a r.
1 1 9 ia A p r .
86
A p r.
993s F e b .
141« F e b .
79% Jan
83
F eb.
1 06 . A p r.
1 8% J a n .
1 5 7 A p r.
2 8 % M a r.
10a Feb.
24% Jan.
64 Jan.
25
F eb.
2 7 M ar.
82 Jan .
21 Jan.
32
F eb.
46% F eb.
11% F eb.
45% Jan.
275
Feb.
118
Jan.
5 4 M a r.
4 Jan.
22% Jhn.
1 5% M a r.
54 Jan.
1 4 6 % M a r.
* N o p r ic e F r id a y ; la t e s t p r ic e th is w e e k
NEW
YORK
S E C U K IT IE S .
B id .
STOCK EXCHANGE
A sk .
A la b a m a —C lass A , 4 to 5 .........1 90 6 102 %
C lass B , 5 s .................................. 1 90 6 1 05
C lass C, 4 s . . . . . ................
1 90 6
C u rre n cy fu n d in g 4 s .............. 1 92 0
95
A rk a n sas—6 s ,fu n d .H o l. 1 8 9 9 -1 9 0 0
5
d o. N o n -H o lfo rd 1 6 0
l
7 s. A rk a n sa s C en tra l R R ..............
L ou isia n a —7 s, c o n s ....................1 9 1 4 1 05
S ta m p ed 4 s .........................................
88%
M issou ri— Shind..............1 8 9 4 -1 89 5
1 05
PRICES.—S T A T E B O N D S M A Y
S E C U R IT IE S .
B id .
102% N e w Y o r k —6 s, lo a n ...................189 3
1 0 7 % N o rth C arolin a —6 s, o l d .............J<fcJ
F u n d in e a c t ............................ 1 9 o n
97
N e w b o n d s , J . & J ... .1 8 9 2 -1 8 9 8
12
C h a th am R R .......................................
1 90
S p e c ia l t a x . C la s i 1 ...... ............ . .
8
C o n s o lid a te d 4 s ...................... 1 9 1 0
6 s ................................................... 1 91 0
8 9% R h o d e Is la n d —6 s , c o n . . 1 8 9 3 -1 8 9 4
S ou th O arolinar- 6s, n on -fu n d . 188 8
New York City Bank Statement for the week ending April
30,1892, is .as follows. W e om it two ciphers (00) in all cases.
Capital. Surplus.
Bank o f N ew Y o r k ...
Manhattan C o ....____
M erchants’ ..................
Mechanics’................
Am erica........................
Phenix...........................
C ity......................... ......
Tradesm en’s ...............
Chem ical......................
M erchants’ E xchange
Gallatin N ational____
B utchers’ & D rovers’ .
M echanics’ & Traders
Greenwich...................
Leatnei M annfaot’rs.
Beventh N ational.......
State o f N ew Y o r k ....
Am erican E xch an geC o m m e rc e ...,......... .
B r o a d w a y ..................
P a cific...........................
R ep ublic............. .........
Chatham.......................
Peoples’ ........................
N orth A m erica............
H anover......................
Irv in g ............................
C.tiza is’ . . . . . . . . . . . . . .
N a esa u .........................
M arket & F u lton .......
St. N icholas.................
S lo e & Leather..........
Corn E xch an ge...........
Continental................
Oriental..... ...............
Im porters’ & Traders’
P ark.............................
E ast R iv er_________
F ou rth N a tio n a l......
Central N ational......
Second N ational.........
N inth N ational...........
F irst N ational.............
T hird N a tio n a l.......
N . Y . N at’l E xch an ge
B o w e iy .........................
N ew Y ork C o u n ty ....
Germ an-Am erican. . . .
Chase N ational___
F ifth A ven u e.........
German E x ch a n g e ....
Germania.....................
U nited States. ........
L in coln ..... ...................
Garfield........ ...............
F ifth N ation a l..____
B ank o f the M etrop...
W est Side.....................
S eaboard....................
S ixth N ational._____
W estern N a tion a l....
■ttst National.B’klyn
Southern N ational....
<
2,000,0
2.050.0
2,000,0
2,000.0
3.000.
1.000.
1,000,0
750.0
300.0
600.0
1,000,0
300.0
400.0
200.0
600,0
300.0
1.200.0
5.000.
5.000.
1.000.
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600.0
500.0
750.0
500.0
500.0
1,000,0
1,000,0
300.0
1.500.0
2,000,0
250.0
3.200.0
2,000,0
300.0
750.0
600.0
1,000.0
300.0
250.0
200,G
760.0
500.0
100.0
200,0
200,0
600,0
300.0
200.0
150.0
800.0
200.0
600,0
200,0
2.100.0
300,0
1,000,0
«0
9
1.933.0
1.647.4
976.2
1.948.6
0
2.101.7
0
461.7
2.536.9
184.1
6.723.7
139.3
1.661.5
302.2
421.2
157.0
648,9
68,3
506.4
2.213.3
0
3,437,2
0
1.643.5
0
1.035.0
438.5
950.1
833.5
318.7
584.7
1.722.9
316.3
440.1
264.1
781,0
119.8
246.5
1.229.4
277.6
414.0
5.416.8
2,913,7
133.8
1.747.6
520.2
434.5
180.9
7.066.6
57,5
163.8
501.0
570.6
283.5
1.033.5
890.1
569.2
515.7
564.8
400,0
406.2
314.8
685.6
257.4
189,2
344.8
170.6
785.9
122.8
Loans.
9
14,000,0
11.350.0
9.019.2
9.940.0
17.795.2
6.203.0
14,938,4
2.842.6
24.241.3
3.972.2
5.982.8
1.815.0
2.460.0
1.249.7
3.396.8
1.642.0
3,592,6
18.616.0
20,«8« i,9
5.965.0
9.839.1
2.842.3
13.860.7
6.682.1
2,249,«.
' 6,431,2
18.468.0
3.360.0
2.974.1
2.973.3
4.126.1
2.150.3
3.175.0
0,005,6
5.870.5
2.270.0
27.531.0
29.209.8
1.192.1
24.056.0
9.488.0
6.028.0
2.066.9
28.199.0
5.110.1
1.565.0
2.786.0
2.965.2
2.997.8
14,856,7
6.445.0
2.920.6
2.808.2
6.669.9
4.857.4
3.647.3
1,857,2
4.683.4
2.322.0
4.777.0
1.585.0
11.272.0
4.356.0
1,964,8
Spseis.
9
3.040.0
6.432.0
2.586.3
1.662.0
3.596.5
1.287.0
3.553.4
658.0
7.137.6
812.5
1.006.5
363.3
320.0
165.6
680.0
393,8
232,5
2.244.0
3.795.6
884.7
2.049.7
164.2
1.357.1
998.0
289.4
804.7
4.964.6
643.0
701.0
254.7
613.0
239.1
495.0
2 228,5
1.516.2
138.3
5.479,(■
7.312.3
113.5
4.885.0
2.193.0
1.226.0
927.8
6.671.3
705.0
311.8
612.0
830.0
477.5
3.616.8
1.173.1
241.3
391.8
1.964.3
1.769.9
1.146.9
452.0
1.135.7
357.0
488.0
230.0
2.563.1
854.1
369,7
Legáis. Deposits.
*
1.760.0
941.0
771.3
6:6 ,0
1,345,8
569.0
878.0
173.8
2.019.7
653.4
621.4
283.5
335.0
113.6
682.3
78,5
„ 461,2
2.044.0
2.154.0
4 373,5
1.266.3
_ 707.2
2.448.7
895.3
391,5
682.1
854,1
289.7
291.4
434.4
632.7
365.3
629.0
256.0
196.7
422.4
1.996.0
2.571.2
147.1
1.977.4
807.0
372.0
362.5
2.065.2
717.1
351,4
175.0
279.3
291.6
1.331.7
247.0
829.4
602,a
263,3
331.9
526.9
187.0
629.7
243.0
980.0
195.0
1.933.4
2 8«,0
155.9
15.040.0
15.021.0
10.456.4
8.724.0
18,759.3
„ 6,604,0
16.169.7
3.152.6
26.497.5
4.956.4
5,630.9
2.063.0
2.604.0
1.190.4
3.445.7
1.829.2
2.879.7
16.099.0
17.966.2
5.163.3
11.228.3
3.323.3
15.488.0
7,249, l
3.190.8
6.569.9
20.693.8
3.404.0
8.156.0
3.213.8
4.358.9
2.305.5
3.977.0
9.207.6
6.772.0
2.260.0
28.987.0
34.751.3
1.020.4
25.991.1
11,112,0
6.045.0
4.016.8
29,654,7
5.427.1
1.784.2
3.061.0
3.589.2
2.957.6
17.897.5
5.867.1
3.549.8
- 3,548,6
7.996.6
6.231.5
4,824.4
2.059.6
5.833.9
2.443.0
5.436.0
1.430.0
13.418.5
4.441.0
1.552.6
S E C U R IT IE S .
B id .
S.C . (c o n t.)—B r o w n c o n s o l.6 s .1 8 9 3
T e n n e sse e —6 s, o ld ..........1 8 9 2 -1 8 9 8
C o m i ro m ise , 3 4 - 5 - 6 s ..........1 9 1 2
N e w s e ttle m e n t, 6 s ............... 1913
5 s ...........................' ...................... 1 91 3
3 s .................................................. 1 9 1 3
V ir g in ia —6 s, o l d ....................................
6 s, c o n s o lid a te d b o n d s ...................
Ask.
93
97
62
72
1 08
102
1 00
70% 71%
6 s, d e fe r r e d , t ’ s t r e e ’ts , s ta m p e d
9
6
New York City, Boston and P hiladelphia Banks:
Ban ks .
(00* omitted.)
A sk.
...
1 02
30
10
20
2
7
3
7
98
100
1 22
124
102
1%
i%
6.
!C. V o r k .*
A pril 2
“
9 ....
“
1 6 ....
ft 2 3 . . .
“
30 ...
B o s t o n .*
A pril 1 6 ....
“
2 3 ....
“
3 0 ....
P b lla .*
A pril 1 6 ,...
“
2 3 ....
“
30
C a p ita l at
Surplus.
Loans.
Specie.
Jjegau.
$
127.077.1
127.077.1
127.077.1
127.077.1
127.077.1
9
489.725.1
490,875,7
493,629,4
491,926,6
493.078.2
9
1018945
1018979
1020698
1060826
1051860
9
48,235,3
45.955,5
45.789.2
46.949.3
48,494,8
64.642.9 161,526,1 11,018,9
64,642.0 161.356.3 11,419,0
64.642.9 162.405.0 11,544,3
35.793.7 99.855.0
35.793.7 99.982.0
36.793.7 100.181.0
Deposit*.! Oire’i’n Clearings.
«
5.569.0
5.707,6
5.613.4
5.676.8
5.705.9
706.037,5
764,254,4
685 815,1
735,584,0
628,244,3
5,340,9 151.874.3 4.349.4
6,165,8 153.299.1 4.360.4
6,278,3 151.530.3 3.454.5
94,559,6
91,155,0
87,830,S
$
528,447,4
528,056,8
631.882.0
533,995,7
535.778.0
9
37,(1 47.0
88,9 61.0
40,6 87,0
111.930.0 3.376.0 65.115.2
113.824.0 3.365.0 85 888,2
115.604.0 3.371.0 64.979.3
* We omit two ciphers in all these figures. + Includi ag, fo r B oston and Phila
ielnhia. the item “ due to other banks.”
Miscellaneous and Unlisted Bonds.—Stock Ex. price3 .
M i* c e lln .n e * u s B o n d s
M i s c e l la n e o u s B o n d s .
Amer. W ater W ork s—1st, 6s.
Pe >ple’ H(ias & C .) 1st g. 6s. 102 b .
1st cons. 5s, g ......................
Co., Chicago .. $2d g. 6s. 101 %b.
Cahaba Coal M n.—1st g. 7s,. 108 b. P eoria vv ater Co.—6 s, g ___ 100 a.
Ch. Jun. < S.Yds.—0 >l.t.g.,6s
fe
Pleas. V alley Coal—1st g . 6s.
98 b.
Coloiadn Fuel—Gen. 6s.........
Pro ter & Gambl < lst,g.,e.«. lo 3 % b .
—
Col. < H ock. Coal & I.—6s, g.
fe
96 b. W estern Union I'eleg’h—7s
110 b .
oon sol’ u Coal -C on vert. 6 s.. t03%o- W heel. ti.E ,& P .C o a l-lst,g .5 s
84 a.
Cons.Gas Co..Chic.—lstg n .5 s
83% o.
U n lis te d B o n d s .
Denv.C. * at. -v ks.—Gen.st.ös
A la & V icks.—Consol. 5s, g ..
I>et.Un.Dep.<ft~¡tn.—L t g , 4s.
V icks. A Merid., 1st, 6s.......
Edison Elec. 111. Co.—1st 5s. 101 %b. Atlanta & Chari.—1st 7s........
E quitableG . < F.—1st 6 s ....
fc
98 b.
Com stock Tunnel—lu c . 4 s ...
H t nderson B ridge—1 -t g. 6s. 108 b.
Geo, gia Pacific—1st 6 s........
H o oken Land & Im p.—g.5s.
Con ol. 5 g ...................... ......
Mutual l nlon Teleg.—6s g .. *106 "b.
Incom e o s .........
.........
National Starch Mfg —
1st,6s.
99 b.
Little B. & M.—1st 5 g ..........
Northwestern T elegrap h—
7s 103 iab. Mem. < Charleston—Con.7 g.
fc
N oth .—“ 0” indicates once bid i “ a” orice asked.
* L atest p rice this week.
Bank Stock List—Latest prices of bank stocks this week.
BA.IN K ».
B ia. ASk.
210
Am. E x o h ... 150
308
Bread w a y ... 275
Butchs’Ä D i. 183
133
450
420
Chemical — 4400
450
L55
C om m erce... 182
C ontinental. 132
250
115
dast R iv e r .. 155
fifth A v e ___ 20u0
320
2500
fir s t N., S. I. 100
14th S treet.. 170
» 66.704.4 £93.078 2 1054860 48,4.94,8
835,778,0 i F o u r t h ....... 1204%
160
316
280
187
137
424
4800
500
165
.....
137
_
......
......
BAN KS.
G a r fie ld ......
German E x .
G e rm a n ia ....
H ud. R iv e r ..
Im . < T rad’ s’
fc
M anhattan...
M a rk e t* Pul
M erca n tile...
B id .j A sk.
310
400
122
335
330
150
345
145
600
180
240
400
181
220
187
180
220
BANKS.
N .Y . County.
N .Y .N a t.E x .
N in th ............
lo th W ard ..
625
195260
227
195
195
151
M erch’ts E x . 128 130
9*o
400
M t. M orris .. 275 300
M u rray H ill. 300
N assau.......... 165
_
_
P a r k .............
Bid. A i k
237
605
132
112
170
165
230
100
320
123
R e p u b lic . . . . 17u
S e a b o a rd . . . . 176
325
Ï25
Shoe& Leath. 150
125
State o f N .Y . 117
io o %
105
Uni id States 200
W e s t e r n ..... 120
(W e st S id e .:: 250
650
118
22Ó
330
130
135
180
160
119
125
..........
TH E
M a y 7, 1892. J
CHRONICLE.
755
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Share Prices — n ot Per C en tu m P rices.
Active Stocks.
Saturday,
April 30.
Ï Indicates unlisted
Bid.
Inactive Stocks,
Ask.
P rices o f May 6.
Atlanta & Charlotte (Balt.) .100
Boston & Providence (Boston) .100
Camden & Atantic pf. (Phila.) . 50
50
“
Catawissa......................
1st preferred........
“
50
50
2d preferred..........
“
Central Ohio............. (Balt.) . 50
100
Chari. Col. & Augusta
“
Connecticut & Pass. (Boston) .100
Connecticut R iver...
“
100
Delaware & Bound Bv.(Phila.) .100
Har. Ports. Mt.Joy&L.
“
50
Kan. C’y Ft. S.& Mem. (Boston) .100
Preferred....................
“ 100
100
K. City Mem. & Birm.
“
Little Schuylkill....... (Phila.) . 50
Manchester & Law.. (Boston) .100
Maryland Central___
(Balt. ) 50
Mine Hill & S. Haven (Phila.) . 50
Nesquehoning V al....
“
50
Northern N. H ._........(Boston) .100
North Pennsylvania. (Phila.) . 50
Oregon Short la n e ...(Boston) .100
Parkersburg...............
(Balt. ) 50
Pennsylvania & N. W. (Phila. ) 50
Baleigh & Gaston___ (Balt. »100
Rutland....................... (Boston) .100
Preferred................
100
Seaboard & Roanoke. (Balt.) 100
100
1st preferred.......... .
h
West End..................... (Boston). 50
“
50
Preferred....................
West Jersey.................(Phila.) . 50
West Jersey & Atlan.
“
50
Western Maryland..
(Balt.) . 50
Wilm. Col. & Augusta
“
100
Wilmingt’n& Weldon
“
100
Wisconsin Central... (Boston) .100
Preferred..................
** 100
Worc’st.Nash.&Roch.
“\
100
85
27
8%
55
119
235
165
80
110
15
68
88%
253
62
45
112%
18
70
53%
84%
25% 26
48
68
4%
72%
72
86% 86%
60
19
15
17
16% 17
M ISCE LLAN EO U S.
Allouez Mining........ (Boston). 25
Atlantio Mining........
“
25
City Passenger R R ... (Balt.). 25
Bay State Gas___....(Boston). 50
Boston Land.............
“
10
Centennial Mining...
“
10
Fort Wayne Ei«ctric1T
“
25
Franklin Mining.......
“
25
Frenchm’n’s Bay L’nd
“
5
Huron Mining........
m
25
Illinois Steel f ............
“
100
g
25
Kearsarge Mining___
Pullman Palace Car..
Quincy M in in g .......
T a m a ra ck M i n i n s ....
T h o m s o n E lc . W eld’ «'.
(P h ila .)........
(P h ila .).1 0 0
“
750. 90c
11
75
30%
5%
11
13%
14%
5
71
13
11%
80
30%
46
11%
13%
15%
5%
13%
100 203
32% 33
100 194 195
25
25 167 169
100
(B oston ). 25
1 Unlisted. § And accrued Interes i,
Wednesday, Thursday,
May 5.
May 4.
Sales
of the
Week,
Shares.
Friday,
May 6.
34% 35% 34% 34% 34% 34% 34% 35% 34% 35% 34% 35%
4%
*4
*4
5
4% 4%
*4
4
4
*4
4%
99
98% *98
98% *98
*98
99 *
99
98% *98
'134
*120
204% 205
204 204
202 204
204 204
201 203
201 205
*17«
177 177 *176%
*177
178 178 *177
170% 172
171% 171% 171%172
170 171
169 170
168% 169
16
*16
17
*16
17
16
*16
17
*16
*16
17
17
34% *33
34%
*32% 34% *33
34
34% *33
33% 33% *33
107% 107% 107% 107% 106% 107%
107% 107% 107% 107% 107 107
78% 77% 78%
77% 77% 77% 78% 78
78% 78% 77% 78
54% *53
54
*53
*53
53
53
*5%
*5%
6
*5%
*5
*5%
19% 19%
*19
*19%
19% 19% *19
*19
89
89
89
*88% 89
88% 88
88% 88
88
88
88
*
*22% 25
25
24
24 *
*83%
84
83% 83%
83
83
*83% 85
*85%
*83
37
37% 37%
*36% 37% *36% 37% *36%
37
*36%
*54% 55
54% 54% *54%
54% 54% 55% 55% *54% 54%
58% 58% 58% 58% 58% 58% 58% 58% 58% 58% 58% 58%
*118%
120 120
120 120 M10L, 120 *119
*118
16% 16% 16% 16% 16% 17
17
16
16%
17
16% 17
38% 39% 38% 39
37% 39% 37% 38% 38% 38% 38% 38%
79
83
77% 80
79
84
76
78
78% 78
79
75
*69
70
69% *
69%
*68% 69% *
22
*21%
22
20% 21% 19% 20% 20
20% 20% 20%
59% 59% 59% 58% 59% 58% 59% 59% 59% 59% 59%
59
*177
xl76A±17«l¿ 179 180
180 180 *180
180 180
56% 1154% 56% 54% 54% 54% 54% 54% 54% 54% 54%
56
39% 39% 39% 39% 39
*39
39
38% 38% 38% 38%
30 301*16 291%« 30% 29916 29% 299ie 30
2 9 ,ie29U>iô 29 %« 29%
*5%
*5
*5
*5
*5
*5
44% 44% 44% 43% 44
43% 44% 43% 43% 43% 43% 44
it
230 * ...... 230 it
228% 228%
230
229
229 229
8%
8%
8% *8
8%
8%
*8%
8%
8% 8%
m s c e lla n e o n s Stocks.
Am. 8ug’r Refln. If (Boston)....... 95% 96% 92%
96% 96% 96
Preferred........
“
____
203
Bell Telephone..
*'
100 204% 205
Bost. & Montana
|
*
25 42% 42% 42%
12%
Butte & Boston..
“
25 11% 12
*275
Calumet & Hecla
“
25 275 275 *
70
Canton Co.......... (Balt.). 100 k
Consolidated Gas “
100 54% 54%
46%
Brie Telephone (Boston) .100 46% 47
17
Lamson Store Ser. “
50 *15%
Lehi’h Coal&Nav ' Fhil.j 50 54% 54% 54%
*52%
53
53
N.Eng. Teiephon e <Bost’n)100
North American. (Phil.). 100 *14% 1484 *14%
62% 62%
Thomson-H’n El. .(Bost'n) 25 62
29
29
25 29
Preferred.......... “
19
19
19
West End Land..
“
* Bid and asked prices; no sale was made.
Preferred guar. 10
Tuesday,
May 3.
00
Atch. T. & 8. Fe (Boston).100
Atlantic & Pac.
“
100
Baltimore & Ohio (B alt.).100
1st preferred
“
100
2d preferred
“
100
Boston & Alb any (BostonJ.100
Boston & Lowell
“
100
Boston & Maine
“
100
Central o f Mass.
“
100
Preferred
«
100
Ohio.Bur.&Quin.
“
100
Ohio. Mil. & 8t. P. (Phil.). 100
Chic. & W. Mich. (Boston). 100
Gleve. & Canton
“
100
Preferred....
“
100
Fitchburg pref.
“
100
FL & Pere Marq.
“
100
Preferred
“
100
Hunt. & Br. Top. (Phila ) . 50
Preferred
“
50
Lehigh Valley
“
50
Maine Central (Boston). 100
Mexican Central
“
100
N. Y. & N. Eng.
“
100
Preferred___
U
100
Northern Central (Balt.). 50
Northern Pacific (Phila.) .100
Preferred
“
100
Old Colony.. . . (Boston). 100
Pennsylvania.. (Phila.). 50
Philadel. & Erie.
“
50
Phila. & Beading
“
50
Summit Branch (Boston). 50
Union Pacific
“
100
United Cos.of N. J. (Phila.) 100
WestomN.Y. &Pa(Phila.). 100
Monday,
May 2.
95% 92% 94
96% 96
96%
205
201 203
42% 42
42
12% 12
12%
280
275 275
70 ★
70
54% 55%
46% *46%
17
*16% 17%
54% 52% 53
52% *52% 53
14% 14% 14%
62% 63
63%
29
29
29
19
19
19%
93
94%
96% 96%
201% 203
41% 41%
11% 11%
'270 278
70
*67
55% 55%
46
46
16% 17
52% 53%
52% 53
*14% 15
||62% 64%
29
29
19
19
I Lowest is
I
Inactive stocks.
93%
89
93% 93%
202 204%
41% 42
11% 11%
275 275
*68% 69%
55% 55%
46% 46%
*17
17%
53% 53%
52% 52%
*14% 14%
62% 63%
29
29
19
19
ex dividend
Bid.
Lowest.
Ask.
Highest,
25,630 34 Apr. 28 46% Jan. 4
60 4 Mar. 9
57s Jan. 5
84 Jan. 6 100% Mar. 15
130 Jan. 12 135 Feb. 15
116 Jan. 18 120% Mar. 9
402 199 Jan. 8 209 Mar. 9
10 173 Jan. 5 178 May 3
2,342 159 Jan. 28 172% Mar. 21
200 15% Apr. 12 18 Jan. 8
10 33 Jau. 2 38 J an. 9
8,355 10378 Feb. 24 110% Jan. 28
11,300 75% Apr. 2 83% Jan. 7
100 48 Feb. 25 55 Mar. 31
5% Feb. 17
8 Feb. 12
75 19 Feb. 20 23 Jan. 4
811« Jan. 19 90 Apr. 16
638
10 24 May 3 28% Mar. 25
45 751« Feb, 13 87 Apr. 6
200 251« Jan. 27 37% Apr. 19
645 46i« Jan. 21 55% May 5
2,945 50% Jan. 13 62% Feb. 11
63 112 Mar. 14 120 May 3
4,342 16 May 6 24% Jan. 4
17,355 36% Apr. 6 58% Mar. 3
2,815 75 May 4 114% Jan. 9
68 Jan. 19 69% Mar. 16
10,794 1978 May 4 26% Jan. 5
13,727 58*« Apr. 27 72% Jan. 2
102 164% Jan. 5 180 May 3
7,549 54% May 5 57% Jan. 2
1.010 32 Jan. 29 40% Mar. 3
102,122 193i^ Jan. 19 34% Feb. 11
5 Mar. 29
7 Feb. 15
5,069 42% Apr. 4 50% Jan. 4
6 x223%Mar 24 230 Apr. 25
219
8 Jan. 19 10% Feb. 18
88% 89% 33,903 78% Jan.
3,484 90% Jan.
93%
93
1,207 192 Mar.
204 207%
1,071 3L Feb.
42% 42%
1,440 10% Apr.
11% 11%
52 253 Feb.
*272 278
70
60% Jan.
*68
1,807 43 Jan.
55
55%
149 43% Jan.
*46
47
155 14% Feb.
*16% 17%
674 48% Jau.
52% 53
k
94 50% Feb.
53
100 14 Mar.
*14% 14%
8,636 49% Jau.
63%
63
1,486 26% Jan.
29
29%
3,435 16% Jan.
19
19
Thom.Europ.E.Weldli (Boston) 100
3
Water Power................
“ 100
Westing. El. tr. rec.1T
“
50 28% 29
B on d s—Boston.,
„
At.Top.&8.F.100-yr.4g.,1989, J&J 81% 81%
100-year income 5 g., 1989.Sept.
55% 55%
Burl. & Mo. River Exempt 6s, J&J
107
Non-exempt 6s..........1918, J&J
Plain 4s........ . ..............1910, J&J
Chic. Burl. & Nor. 1st 5,1926, A&O 103% 104%
2d mort. 6s.................1918, J&D 103% 103%
Debenture 6s............. 1896, J&D 102
Chic. Burl.& Quincy 4 s..1922,F&A 93
93
Iowa Division 4s.......1919, A&O
Chic.&W.Mich. gen. 5s, 1921, J&D 98% 9838
Consol, of Vermont, 58.1913, J&J 95%
Current River, 1st, 5s..1927, A&O
Det. Lans. &Nor’n M. 7s. 1907, J &J
Eastern 1st mort. 6 g.,1906, M&S
123
Eree.Elk. &M. V.,lst, 6S.1933, A&O
Unstampedlst, 6s— 1933, A&O
91
K.C. C.&Spring.,1st,5g.,1925,A&O
107%
K. C. F. S. & M. con. 6s, 1928, M&N
K.C. Mem. & Bir.,1st,5s,1927, M&S § 51%
K.
C. St. Jo. & C. B., 7s.. 1907, J&J
L. Rock & Ft. S., 1st, 7s.. 1905, J &J
Louis.,Ev.&St.L.,1st,6g.l926, A&O
2m., 5—6 g . . . ........... 1936, A.&O
Mar. H. & Ont., 6s......1925, A&O
Exten. 6s.................. 1923, J&D
Mexican Central, 4 g ...1911, J&J 6 8 %
1st consol.incomes, 3 g, non-cum. 34
2d consol, incomes, 3s, non-cum.
N. Y. & N.Eng,, 1st, 7s, 1905, J&J ii"l8%
1st mort. 6s........... i . . 1905, J&J ,108% 110
2d mort. 6s............... 1902, F&A ;ioo
2d mort.,scaled, 5s... 1902, F&A
Ogden. & L. C., Con.6s.l920,A&0§
Inc. 6s...............................„,1 9 2 0
Rutland, 1st, 6s........... 1902, M&N
100
2d, 5s......................... 1898,F&A > %
B on d s.—Philadel ih ia
_
Allegheny Val., 7 3 10s, 1896, J&J
103
Atlantic City 1st 5s, g., 1919, M&N
Belvidere Del., 1st, 6 s..1902, J&D
Catawissa, M., 7s........ 1900, F&A
Char. Cin.& Chic.lst 5g, 1947, Q—J
Clearfield & Jeff., 1st, bs. 1927, J&J 119
Connecting. 6s........ 1900-04, M&S
Del. & B’d Br’k, 1st, 7s. 1905,F&A 129
Easton & Am. lstM .,5s.1920, M&N 107%
Elmir. & Wilm., 1st, 6s.1910, J&J. 120
Hunt. & Br’d Top, Con. 5s.’95, A&O 103
Lehigh Nav. 4%s.......... 1914,Q—J ‘ 110
2d 6s, gold.................. 1897, J&D 112
General mort. 4%s, g .1924,0—F 1 01 1 0 1 %
Lehigh Valley, 1st 6 s...1898, J&D 115
2d 7 s ............................1910, M&S 133%
Consol. 6 ..................... 1923, J&D, 130%
North Penn. 1st, 7 s ....1896, M&N 110
Gen. M. 7s............. ....1 9 0 3 , J&J| 129
Pennsylvania gen. 6s, r..l910, War Í...V 131
Consol. 6s. r
•on *. V«r
\ Last price this week,
Bange of sales in 1892.
101% Mar. 24
Mar.
Jan.
45% Apr.
17% Jan.
281 Mar.
69 Apr.
55% May
47 Jan.
17 Jan.
55% Feb.
53 Feb.
18% Jan.
64% May
29% Feb.
20 Mar.
100
210
Bonds»
Penna. Consol. 5s, r ......l9 1 9 , Var
Coliat. Tr. 4% g .......... 1913, J&D
Pa. & N. Y. C anal,7s... 1906, J&D
Consol.5s..................19 3 9 , A&O
Perkiomen, 1st ser., 5s. 1918, Q—J
Pnila.& Erie gen. M. 5g.,1920, A&O
Gen. mort., 4 g ..........1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 1958.Feb. 1
2d, 7s.........................1893, A&O
Consol, mort. 7s........ 1911, J&D
Consol, mort. 6 g ........ 1911, J &D
ImprovementM.6 g., 1897, A&O
Con. M.,5 g..stamped,1922,M&N
Phil. Wilm. & Balt., 4 s .1917, A&O
Pitts. C. & St. L., 7 s ....1900, F&A
Po’keepsie Bridge, 6 g. 1936, F&A
Schuyl.R.E.Side,lst5 g.1935, J&D
Steuben.&Ind.,lstm.,5s. 1914, J&J
United N. J., 6 g ........... 1894, A&O
Warren & Frank., 1st,1 s,1896,F&A
7
B on d s.—B a ltim o re .
,
Atlanta*Chari., 1st7s, 1907, J&J
Income 6s........'..........1900, A&O
Baltimore & Ohio 4g., 1935, A&O
Pitts. & Conn., 5 g ...l9 2 5 , F&A
Staten Island, 2d, 5 g.1926, J&J
Bal.&Ohio S.W.,lst,4%g.l990, J&J
CapeF.&Yad.,Ser.A.,6g.l9 L6, J&D
Series B., 6 g ............1 9 1 6 , J&D
Series C., 6 g ............. 1916, J&D
Cent. Ohio, 4% g ............1930, M&S
Chari. Col.&Aug. 1st 7 s.1895, J&J
Ga.Car. & Nor. 1st 5 g ..l9 2 9 , J&J
North. Cent. 6s............1 9 0 0 , J&J
6s.................................. 1904, J&J
Series A, 5s..................1926, J&J
4 % s..............................1925, A&O
Oxf.&Clark.,int.gu.,6 g.l937,M&N
Piedm.& Cum., 1st, 5 g.1911, F&A
Pitts. & Connells. 1st 7s. 1898, J&J
Virginia Mid., 1st 6 s ...1906, M&S
2d Series, 6s.................1911 M&S
3d Series, 6 8 .;.....--.1 9 1 6 , M&S
4th Series, 3-4-5s.......1921, M&S
5th Series, 5s.......... ..1926, M&S
West Va. C. & P. 1st, 6 g .1911, J&J
W esf'N .C . Consol. 6 g.1914, J&J
Wilm. Col. & Aug., 6s.. 1910, J&D
25
15
18
5
21
16
4
7
4
15
29
2
4
9
14
Bid. Ask.
113
109
127
112 %
106
112 %
100
87%
75%
67%
60
103%
134
8778
75%
67%
60%
120
104
102
102%
115% 116%
60
109
106%
102
117% 118%
93
95%
100%
105%
98%
97
97
101
103
104
1L3%
117%
109%
115
106
99%
98
93
__m
103%
104%
114%
......
116
m % 112
108
mm m
u m*
100 ’
109% 109%
117
120 “
M ISCE LLAN EO U S.
Baltimore—City Hall6s.1900, Q—J 115
Funding 6s.................. 1900, Q—J
West daryl’d RR. 6 s ..1902, J&J 118
Water 5s....................1916, M&N
Funding 5s................. 1916, M&N Í 2 2 "
10L%
Exchange 3%s................... ,1930,J&J
72%
Virginia (State) 3s, new. 1932, J&J
Chesapeake Gas, 6s....... 1900, J&D 109%
114**
Consol. Gas, 6 S i....—...1910, J&D
102
5 8 . . . . . . . . . . . . .....................-.1939.J&J
O r
'*■.
124
101%
73%,
110
115%
102%
THE
756
CHRONICLE.
[VOL. LTV.
NEW YORK STOCK EXCHANGE PRICES (Continued).—A C T IV E BO N D S M A Y 6 , A N D F O R Y E A R 1 8 9 2 .
R axlboad
and
Oios'ng Range (sales) in 1892.
Highest.
Period. May 6 Lowest.
M is c e l . B on ds . Inter*st\ Price
B ailroad
R
and
Olot’ ng Range (sales) in 1892.
Miscel. B onds. Interest Price
Period. May 6 Lowest.
Highest.
J « s D 117% 112 Feb. 117% May
S
M
107% Jan. 112 Apr.
Amer. Cotton Oil, del)., 8 g.1900 Q - F 110
61% Apr. 67% Jam
General mortgage, 4 s ...1938 M & 8 64
81% Feb. 84 Jan.
fe
At.Top. «&S.F-100-yr., 4 g . 1989 J < J 833s
S
fash. Ch. & St,L.—1st, 78.1913 J « s J 129%b. 126% Jan. 129% May
N
53% May 66% Jan.
100-year income, 5 g .......1989 Sept. 55%
fe
Con., 5 g . ........................ 1928 A < O 104 b. 103% Jan. 106 Feb
74 Jan.
72%b. 71% Mar.
Atl. & Pac.—Guar, 4 g ....l9 3 7
f.Y. Central—Extend., 5s.1893 M & N 101% 101% May 105 Mar
N
fe
W.D. inc., 6s.................... 1910 J < J 12 a. 11 Apr. 14% Jan.
S
1st, coupon, 7s................ 1903 J « s J 126 b. 123% Jan. 127 Apr.
Mar.
Brookl’n Elevat’ d 1st, 6, g . 1924 A «fe O 114% I l l Jan. 118 Apr.
Deben.,5s, coup., 1884. .1904 M «& 8 108 %b. 107% Mar. 110 Feb.
108%
Can. South.—1st guar., 5s 1908 J «fe J 108 b. 105% Jan. 104% Feb.
s
N. Y. < Harlem—7s, reg.1900 M «S N; 119 b. 120% Jan. 123% Apr.
&
100 Mar.
fe
2 d ,5s.............................1 9 1 3 M < s 102
&
R. W. <sOgd.—Con., 5s.. 1922 A < • O 112%b. 111% Apr. 115 Feb.
S
73%b. 71 Apr. 85 Feb.
Cent. Ga.—S.«fc W. 1st con.5s,’ 29
A « s O 96%
S
95 J an. 99 Feb
117% Mar. N
115 Jân.
Central of N. J .— Cons.,7s. 1899 Q— I 117
J « s J 113 b. 112 Jan. 114 Feb.
S
123% Mar. N
fe
Consol., 7s......................-1002 M < N 120 b. 120 Jan. 1123a Feb.
J «fe J 128% 125 Jan. 128% May
IS
fe
General mortgage, 5 g ..l9 8 7 J < J 111% 109% Jan. 112% Apr.
Construction, 5s..............1923 F & A 110 % 110 Jan. 110% A pr.
Leh. «feW.B., eon. ,7s, asT .1900 Q—M 112 b. 109% Jan. 101% Mar. E
d
s
r.Y.L.E.«SsW.—Ist,con.,7g.l920 M «S S 136%b. 134% Mar. 138% Feb.
94 Jan.
do. mortgage, 5 s........ 1912 M «fe N 96J*
Long Dock, 7s................. 1893 J «fe D 106 b. 104% Jan. 106 May
Feb.
fe
Am. Dock & Imp->*>s....1921 J < J 107%b. 105% Jan. 108 Apr.
fc
Consol., 6 g .................... 1935 A < O 118%b. 117% Apr. 121 Feb.
111%
fc
Central Pacific—G old,6s..1898 J < J I l l b. 109% Jan.
&
106% Jan. 103% May
2d consol., 6 g ................. 1969 J < D 108
fe
Ches. & Ohio—M ort.,6 g-.1911 A < O 117 b. 114% Apr. 119 Feb.
>f. Y. Ont. <sW.—1st, 6 g ..l9 1 4 M «fe S lll% b . 110% Apr. 116 Jan.
S
M«fe N 04% 103% Jan. 107 Apr.
1st consol., 5 g ................
Consol. 1st, 5 g ............... 1939 J «fe D 106%b. 100 Jan. 106% May
M «fe S 84%
81% Apr. 84% May
Gen. 4%s, g .......
103 Jan. 105% Apr.
>r.Y. 8 us. <S .—1st ref., 5 g . 1937 J «fe J 105
sW
76 Jan. 78% May
R. &A.Div. ,1st con. ,2-4 g. 1989 J «fe J 785s
Midland of N. J., 6 g ....l9 1 0 A «fe O 117 b. 116 Apr. 119 Mar.
75% Jan. 79% Mar.
do 2d con., 4 g . . . 1989 J «fe J 79
£forf. < South.—1st, 5 g...l9 4 1 M «fe N 98%b. 98 Apr. 101 Apr.
fc
fe
Chic. Burl. & Q.—Con., 78.1903 J < J 124 b. 121% Jan. 124% May
95 J an.
< J 95 a. 93 Apr.
fe
S
î iorf. « s W.—100-year, 5 g.1990
105% Apr.
Debenture, 5s.................. 1913 M «fe N 102 %b. 101 Jan. 114 Jan.
91 Feb. 95 Jan.
«fe J 93%
Md.«fcWash. D iv.-lst,5 g.1941
fe
107% Mar.
Convertible 5s................. 1903 M < S I l l
«fe J 118
115 Jan. 118% Mar.
ì forth.Pac.—1st,coup., 6g. 1921
F < A 94
&
91% Feb. 91% Feb
Denver Division, 4s.......1922
< O 114 b. 112% Apr. 116% Mar.
&
General, 2d, coup., 6 g.,1933
Nebraska Extension, 4s. 1927 M «fe N 89%b. 88% Mar. 91% Apr.
«fe D I l l a. 107% Jan. 111 Apr.
General, 3d« coup., 6 g.,1937
fe
Chic. < E. 111.—1st,s.f.,68.1907 J < D 117 b. 112% Jan. 117 Apr.
&
« s D 78%
S
76 Mar. 80% Jan.
Consol, mort., 5 g ............1989
120% Apr. 122% Jan.
Consol., 6 g ...................... 1934 A «fe O 121
«fe O 77%
76% Apr. 82 Feb.
Chic. « s N.P.—1st, 5 g ...l9 4 0
S
97 Jan. 104 Apr.
General consol. 1st, 5s.. 1937 M «fe N 101%
96 Apr. 103 Feb.
£forth. Pac. < Mon.—6 g . .. 1938 M «fe S 97%
&
97% Jan. 104% Apr.
Chicago&Erie—1st, 4-5 g.1982 M A N 102%
&
forth. Pac. Ter. Co.—6 g.,1933 J < J 108 %a. 105 Jan. 108% Apr.
Feb.
Income, 5s..... ........*........1982 Oct’b’r 51 a. 48 Jan. 53% Apr.
J «fe J 113%b. 111 Jan. 113 Apr.
c)hio «feMiss.—Cons, s.f.,7s. 1898
fe
86 Jan. 91%
Chic. Gas L. «feC.—Ist,5 g .l9 3 7 J < J 91%
Consol., 7s....................... 1898 J «fe J 113%b. 110 Mar. 112% Feb.
fe
Chic. M il.& St.P.-C on.7s.l905 J < J 128% 125% Jan. 128% Mar. ()hioSouthern—1st, 6 g..,1921 J «fe D 109
106 Jan. I l l Mar.
112% Jan. 116% Apr.
1st, Southwest Div., 6s. 1909 J «fe J 116
66% Mar.
General mort., 4 g ..........1921 M «fe N 65 a. 62 Jan.
117% Apr.
1st, So. Min. Div., 6 s ....1910 J «fe J 117% 113% Jan.
62%b. 62% Apr. 62% Apr.
«fe J
()maha & St. Louis—4 g ..1937
&
108 %b. 106 Jan. 108% Apr.
lst.Ch.&Pao.W.Div., 58.1921
« s D 101 %b. 101% Jan. 104% Feb.
S
c)regon Imp. Co. -1st, 6 g.1910
103% Apr.
& 104% b. 100% Jan.
Chic. &Mo.Riv. Div., 5s.1926
64 Apr. 7 l% Jan.
«fe O 65%
Consol., 5 g ......................1939
Wis. < Minn. Div., 5 g..l9 2 1 r & j 106%b. 103 Jan. 107 Apr.
&
«fe J 110%b. 109% Jan. 111% Mar.
()re.R.«SsNav Co.—1st,6 g. 1909
Terminal, 5 g .................. 1914 r & j 107 b. 103 Jan. 107% May
<feD 94 a. 91 % Apr. 96 Feb.
Consol. , 5 g . . .................... 1925
Gen. M., 4g., series A . . . 1989 r & j 90 a. 86% Jan. 90 May
«fe J 107%b. 105% Jan. 107% Apr.
?a.
1 Co.—4% g., coupon___1921
M11.& Nor.—1st, con., 6S.1913 r & D 115%b. 111% Jan. 115 Apr.
«fe J 108 a. 103 Apr. 110 Feb.
]?eo. Dec. <SsEvansv.—6 g ..l9 2 0
Chic.&N.W.—Consol., 7 s ..1915 Q - F 141 a, 137 Feb. 142 Apr.
S
Evansville Div., 6g___1920 M « s S 101 %b. 100 Apr. 108 Jan.
Coupon, gold, 7 s ............. 1902 J & D 126%b. 123% Jan. 126% May
2d m ort.,5 g .................... 1926 M «fe N *69 b. 69 May 71% Mar.
A & O 115 b, 116 Jan. 120 Mar.
Sinking fund, 6s..............1929
83% Jan. 90 Feb.
?hila. & Read.—Gen., 4 g.1958 J «fe J 87%
&
Sinking fund, 5s..............1929 A < O 107%b 105% May 109% Feb.
75%
69% Feb. 79 Feb.
1st pref. income, 5 g .......1958 Feb.
Sinking fund debeny 5 s.1933 M& N 105 b, 105 Apr. 107% Apr.
67%b. 53% Feb. 72 Feb.
2d pref. income, 5 g .......1958 Feb.
&
103% May 107 Mar.
25-year debenture, 5 ___ 1909 M < N 104
67 Feb.
60%
37 Jan.
3d pref. income, 5 g .......1958 Feb.
F & A
96 Jan. 100% Jan.
Extension, 4s.................. 1926
85 Apr.
80% Jan.
S
Pittsburg <sWestern—4 g.1917 J « s J 85
S
96 Mar. 101 Apr.
Chic. Peo. < St. Louis—5 g.1928 M & S
fc
105% Mar. 112 Jan.
Rich. < Danv.—Con., 6 g.,1915 J «fe J 106
&
J & J 126 t 121 Jan. 126% Apr.
Ohio. B.I. &Pac.—6s, coup.1917
A «fe O 77
75 Apr. 85 Feb.
Consol., 5 g .................... 1936
Extension and col.,5 s... 1934 J & J 104% 10138 Jan. 104% May
85% May 100 Feb.
Rich. <SsW.P.Ter.-Trust,6 g . 1897 F «fe A 85%
30-year debent. 5s.— ..1931 M & S 96 l 95 Jan. 98% Feb.
S
52 Apr. 72% Feb.
Con. 1st <scol. trust, 5 g.1914 M « s S 57%
S
Chic. St.L.&Pitt.-Con.,5g.l932 A & O 06%t 105 Jan. 110 May
81% May
76% Jan.
Rio G. Western—1st, 4 g.,1939 J «fe J 81%
124 May
Chic. St. P. M. & 0 .—6 s....1930 J & D 123 1 120 Feb.
100 Mar.
95%
95
S
88 Jan. 93% Mar. is 3t. Jo. « s Gr. Island—6 g ..l9 2 5 M«fe N 107 b. 107% Jan. 108% Jan.
Cleveland & Canton—5 .. .1917 J & J 90
Apr.
3t. L. Alt. « sT. H.—1st, 7s. 1894 J «fe J
S
132% Apr.
128% Jan.
C. C. C. < I.—Consol., 7 g.1914 J & D
fe
&
3t. L. «SsIronMt.—Is t7 s ...l8 9 2 F < A 102 % 101 Feb. 104% Jan
118% Jan. 122% Mar.
General consol., 6 g .......1934 J & J
2 d ,7 g ............
1897 M «fe N 107 b. 107% May 109% Feb.
79% Apr. 83 Feb.
C.C.C.&St.L.—Peo.& E.4s.l940 A & O
J «fe D 108
105 Jan. 109 Mar.
Cairo Ark. <sTexas, 7 g. .1897
S
28% Apr. 34% Feb.
Income, 4s.................... ..1990 April. 29
Gen. R’y <s land gr.,5 g..l9 3 1 A «fe O 84%b 83% Apr. 86% Mar.
S
100% Mar. 103% Jan.
Col. Coal & Iron—6 g ........ 1900 F & A 101
111 b 112 Jan. 115 Apr.
3t.L. <sSan F r —6 g., C1.B.1906 M «fe N
S
70 Mar. 74 Jan.
Col. Midland—Con., 4 g ...l9 4 0 F & A 71
6 g., Class C.................... 1906 M«fe N 111 b 112 Jan. 115 Apr.
87% Jan. 94% May
Ool.H.Val.&Tol.—Con.,5g.1931 M A S 94
fe
General mort., 6 g .......... 1931 J < J 109%b. 106% Jan. 110 Jan.
J & D 100 b 93 Jan. 101% May
General, 6 g ......................1904
69% May 72% Jan.
So.West.—1st, 4s, g . . 1989 M «fe N 69%
Denver & Rio G.—1st, 7 g.1900 M A N 115 b 1153a May 119 Apr. - 3t. L. 4s, g., incom e............ 1989 J « s J 32%
32 May 37% Jan.
S
2d,
83 Apr.
J & J 82%
773 Jan.
4
1st consol., 4 g ................. 1936
&
3.P.M.«SsM.—Dak. EX., 6 g.1910 M < N 116 b. 116% Jan. 119 Mar.
80 Feb.
Det. B. City & Alpena—6 g.1913 J & J 75 b 70 Jan.
«fe J 121%b. 118% Jan. 122% May
1st consol., 6 g ................ 1933
Det. Mac. & M.—L’d grants .1911 A & O *35 1 36 Apr. 42% Jan.
«fe J 101 %b. 97 Jan. 103 Apr.
do
reduced to 4% g. . .
95 Mar. 99 May
Dul. So. Sh. & Atl.—5 g ... .1937 J & J 99
89% Mar.
« s D 87 %b. 87% Jan.
S
Montana Extension, 4 g.1937
fe
E.Tenn.V &G.—C on .,5g.l956 M < N *90 1 . 90 Mar. 100 Feb.
«fe J 64 b. 65 Apr, 66% Mar.
3an A. & Aran. P.—1st, 6 g .1916
100 Mar. 103 Jan.
&
Knoxville & Ohio, 6 g ...l9 2 5 J < J 100
«fe J 65 a. 61 Jan. 66 Mar.
1st, 6 g ...........................1 9 2 6
97 May
81 Mar.
Eliz. Lex. & Big San.—6 g.1902 M A S 96%
90 Apr. 96 May
< A 95%
&
Seattle L.S.«SsE.—1st,gu. 6.1931
98% Jan. 103% May
Ft. W. & Denv. City—6 g ..l9 2 1 J & D 103%
106 Apr. 108% Mar.
106
3o. Car.—1st, 6 g .,ex coup.1920
Gal.H.«feSan An.-W.Div.lst,5 g. M A N 95 1. 96 May 98% Apr.
14 b. 14 Apr. 22 Jan.
Income, 6 s .......................1931
. 115 Apr. 118% Feb.
Han. & St. Jos.—Cons., 6s.1911 M & S
3o. Pac., Ariz.—6 g .......1909-10 J & J 104 b. 101 Feb. 106 Apr.
. 96% Jan. 102% Feb.
Illinois Central—4 g .......... 1952 A & O
3o. Pacific, Cal.—6 g ---- 1905-12 A «fe O 113% 112% Jan. 116 Mar.
. 118 Jan. 129 Mar.
Int. & Gt. No.—1st, 6 g ....l9 1 9 M & N 130
99% Mar. 102 Mar.
1st, consol., gold, 5 g ___1938 A «fe O 100
Coupon, 6 g., trust reo..l9 0 9 M A S 74 . 76 Jan. 82 Jan.
101% Jan. 106% Apr
J «fe J 105
89% Jan. 96 Feb.
Iowa Central—1st, 5 g .......1938 J & D 93
enn.C. I. <&Ry.—Ten.D .,lst, 6g A «fe O 91 b. 89 Feb. 96 Mar.
Kentucky Central—4 g . . ..1987 J & J 84%b . 81 Jan. 85 Apr.
95% Mar
91 Jan.
Birm. Div., 6 g ................. 1917 J «fe J 95
97% Feb. 100 Jan.
Kings Co. El.—1st, 5 g ....l9 2 5 J & J 98
ex. < Pac.—1st, 5 g ...........2000 J «fe D 85 b. 77% Feb. 85% May
&
82
80 Mar. 84% Jan.
Laclede Gas—1st, o g ........ 1919 Q - F
27 Feb. 34% Mar.
2d, income, 5 g ................. 2000 March, 31
Lake Erie & West.—5 g . . ..1937 J & J *111 b . 107% Jan. 111% May
ol. A. A. <SsN M.—6 g .___1924 M «fe N 97%a. 97% May 104 Feb
.
L. Shore—Con. cp., 1st, 7 s.1900 J «& J 122 b . 120 Jan. 122% Apr.
ol. < Ohio Cent.—5 g .......1935 J «fe J 106 b. 102% Jan. 106 Feb.
&
121% Feb. 125 May
Consol, coup., 2d, 7s.......1903 J & D 125
77 Jan. 81% May
ol. Peo. < West.—4 g .......1917 J «fe J 81%
fc
Long Isl’ d—1st, con., 5 g ..l9 3 1 Q - J 113%a . 113 Apr. 115 Feb.
S
91 Jan. . 99% May
_ol. St. L. < Kan. C.—6 g . . 1916 J « s D 99
&
96%b . 91 Jan. 96% May
General mortgage, 4 g ..l9 3 8 J & D
J & J 113
110% Jan. 113 May
Union Pacific—6 g .............1 8 9 9
Louis. «felfash.—Cons., 7s.1898 A & O 112%): . 111% Apr. 115 Feb.
S
Sinking fund. 8s............... 1893 M « s S 106%b. 106 Mar. 110% Feb.
120% May
N.O. & Mob. 1st, 6 g .......1930 J & J 120% 117% Jan.
S
Collat. trust 4% ................1918 M « s N *70 b. 70 May 74% Jan.
2d, 6 g ........ 1930 J & J 108 t .108 Jan. 110% Apr.
do.
95% Jan. 100 Jan.
Gold 6s, col. trust notes. 1894 F «fe A 96%
Général, 6 g ..................... 1930 J & D 117%t . 115% Jan. 117 Apr.
M « s N 109%b. 109 Feb. 111% Apr
S
Kan. Pac.-Den»Div.-6 g.1899
78 % Jan. 81% Apr.
Unified, 4 g . . ...................1940 J < J 81
&
1st consol., 6 g ...............1919 M «fe N 109% 103% Jan. 114 Apr.
Nash.Fl.&Sh.—lstg td .5 g .’37 F & A 98 t . 98 Feb. 101 Jan.
Oregon Short Line—6 g ..l9 2 2 F & A 104% 103% Apr. 108 Jan.
Louis. N.A.&Ch.—1st, 6s. 1910 J < J *111 a. 108 % Jan. 112 Apr.
&
Or.S.L.«feUt’hN.—Con.5g.1919 A < O 77 b. 75 Apr. 83% Feb.
fe
99 Apr. 103 Feb.
Consol., 6 g . .................... 1916 A & O 101
U.P.Den.«fe Gulf con. 5 g.1939 J < D 75 b. 74% May 77% Jan.
fe
87% Jan. 963s Jan.
Louis. St. L. «feTexas—6 g .1917 F & A 93
Union Elevated—6 g . . . ...1937 M < N 113 b. 110 Jan. 115% Apr
fe
113% Jan. 118% Feb.
Metro. Elevated—1st, 6 g .1908 J & J 118
1936 M < N 76 %b. 76% May 85 Feb
&
S
2d,6s.................................1899 M « s N 107% 105% Jan. 109% Mar. VirginiaMid.—Gen. m.,5s,guar. M < N 77%b. ¿0 Mar. 87 Feb,
do
stamped
fe
Mich. Cent—1st,con .,7 s..1902 M « s N 121% 121 May 124% Apr.
S
Wabash—1st, 5 g ................ 1939 M & N 104% 103% Jan. 107 Apr
. 106% Feb. 108% Apr.
Consol., 5 s ........ ............ 1902 M « s N* 107%t
S
79% Mar. 85 Jan
2d mortgage, 5 g . .......1 9 3 9 . F «& A 83%
Mil.LakeSh. <SsW
.—1st,6 g .1921 M « s N 124 t .1 2 3 Jan. 127% Apr.
S
Debent. M., series B .....1 9 3 9 J < J 40 b. 42 Feb. 50 Jan.
&
Éxten. « s Imp., 5 g ........ 1929 F « s A* 107%t . 104% Mar. 108% Jan.
S
S
West Shore—Guar., 4s.......2361 J & J 104% 101% Jan. 104% May
79% Jan. 82 May
M. K. « s T.—1st 4s, g ........ 1990 J « s D 81%
S
S
West. N. Y. < Pa.—1st, 5 g.1937 J < J 103 b, 99 Jan. 102% Apr.
&
&
4
S
2d 4 s,g .......................1 9 9 0 F « s A 49%t . 46 3 Jan. 543i Jan.
2d mort., 3g., 5 s c.;......... 19271A <fe-0 32 %b. 3 l% Apr. 35% Feb.
Mo. Pacific—1st, con., 6 g.1920 M < N|106%1 . 107 Jan. 109% Apr.
fe
100% Jan. 104 Feb.
West. Un.Tel.—Col. tr.,5s.1938;J < J 104
&
116 Jan.
3d,7s..... ......... . . . . .......1 9 0 6 M « s N|112 l . 112% Jan.
S
Wis. Cent. Co.—1st, 5 g......1937 J < J 91 %b. 90 Mar. 93% Jan.
fe
Pac. of Mo.—1st, ex., 4 g. 1938 F « s Al 98 si. 97 Mar. 100 Jan.
S
35 a. 36 Mar. 42% Jan.
Income, 5 g .......... ........... 1937 ..
2d extended 5 s........ ..1938fJ & Jll07 1 . 10238 Jan, 107% Apr.
Note—“ b ” indicates price bid ; “ a ” price asked; the Range is made up from actual sales only.
* Latest price this week.
SECURITIES.
Bid.
Ask.
SECURITIES.
B. < O. S. W., 1st, g., 4%S...1990
fe
Railroad Bonds.
Monon. River, let g.,g. 5 s ...1919
(Stock Exchange Prices.)
Cent’lOhio Reof.—1st, 4% s.l930
Ak.«fe Ch.Junc.—Ist,g,5s,gu.l930
90
Alabama Mid.—1st, g., 6s . . . .1928
Bost. H. Tun. < W.—Deb. ,5s.1913
fe
Atlantic < Danv.—1st g., 6s.. 1917'
fe
Atl. & Pac.—2d W'. D., gu. 6s,. 1907 72% 73% Brooklyn Elevated—2d, 3-5S.1915
Brunswick < W’n—1st, g. 4s, 1938
fe
Balt. & Ohio—1st, 6s, Park B.1919 T14
Buff. Roch, «fe Pitts.—Gen., ös.1937
5s, gold........................ .«..-...1925 111
Roch. < Pitts.—1st, 6 s ......1921
fe
'Cons, mort., g o ll, 5s............1988 115 116
do
Consolidat’dlst,6s.l922,
W. Ya. < Pitts.—1st, g., 5S..1990 '102 %
fe
' No price Friday; these are the latest «quotations .made this wéek.
Bid. Ask.
106
102
102% 107
100
92
*
lié
118
102
___ _
120
SECURITIES.
Bid.
Burl Ced. Rap. <feNo.—Ist,5s.l906 105
Consol. < collat. trust, 5 s .. .1934 96
fe
Minn. < St. L.—1st, 7s, gu ..l92 7
&
Iowa C. < West.—1st, 7s — 1909 98
fe
Ced. Rap. I. F. < N., 1st, 6S.1920 98
&
85
1st, 5 s . . . . . . .......................1921
C.Ohio—Col. <fcCin.M.lst,4%s.l939
Cent. RR. < Bank.—Col. g.5s.l937 *80
&
Chat.Rome&Col.—Gtd g,5s.l937
Cent, of N. J.—Conv. deb., 6s.1908
Ask.
95
95 ■
90
Ma y
7,
THE
1892.]
CHRONICLE.
757
NEW YORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—r Continued)—M A Y 6 .
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask,
SECURITIES.
Bid.
A sk .
Northern Paoiflc.—(Continued.)—
Flint & P. Marq.—Mort., 6 s .. .1920 121
Central Pacific—Gold fids, 6s, 1895 *106*3
100*4 Spokane A Pal.—1st, 6s.......1936
100
Gold bonds, 6 s .................... 1896 108 i<39*4 1st con. gold, 5s....................1939
St.Paul AN . P.—Gen., 6 s..1923 119 124
Port Huron—1st, 5 s ............ 1939 '101*3 102*3
Goldfiouds, 6s.................... .1897 *109*3
HelenaARedM’n—1st,g., 6s.1937
Fla. CeD A Pen.—1st g. 5s_ 1918 101
_
San Joaquin Br., 6s...........1 9 0 0 109
73
____ _■ Ft Worth & R. G.—1st g., 5s..1928
DuluthAManitoba—lst,g.6sl936 100 102*a
Mort. gold 5s............
1939 97*3 •
Dul.AMan Dak.Div.—Ist6s.l937
Gal. Har. & San Ant.—1st, 6S.1910
100
Land grant, 5s, g.................. 1900 101
Cœur d’Alene—1st, 6s, gold.1916 104
Gal. H. AS. A.—2d mort., 7s.. 1905 100
West. Pacific—Bonds, 6s___1899 110
Gen. lst,g., 6s.................... 1938
104
West. Div., 2d 6s.................. 1931
No. Railway (Cal.)—1st, 6s.1907
75
Cent. Washington—1st,g.,6s.l938
100
Ga. So. A Fla.—1st, g. 6s........1927
50.year 5s.........................1938 *100
82*3 Norfolk A West.—General, 6s.1931 117 120
Clies. A O.—Pur. M. fund, 6s. 1898 112 i 13*2 Grand Rap. A Ind.—Gen. 5s.. 1924 75
New River, 1st, 6s .-............. 1932 116
Green B. W. A St. P.—1st 6s -. 1911
6s, gold, series A .............„.1 9 0 8 116 118
30
Imp. A Ext., 6s........... ......... 1934 111
2d income, all subs, paid —
Craig Valley—1st, g., 5s___1940
Adiustment M., 7s............... 1924
Housatonic—Cons, gold 5s_ 1937 'i"oi*3
_
106
Che«. O. &8o. West.—1st 6s, g.1911
Equipment, 5s....................... 1908
2d, 6 s .................... : ..............1911 *71*9 •71*8 N. Haven A Derby, Cons.5s..l918
*
95
Clinch Val. 1st 5s.................1957
Hous. AT. C.—Waco A N. 7S..1903 124*"
. 85
Oh.V. -Gen.con.lst,gu.g,5s.l938
106*4 Scioto Yal. A N. E.—1st, 4s,.1990 80% 81
1st g., 5s (int. gtd)............... 1937
Chicago & Alton—1st, 7 b. . . . . 1893 104
Ohio A Miss—2d consol. 7 s ...1911 116*3
116%
Cons. g. 6s (int. gtd)........... 1912 doo*3 105
Sinking fund, 6s...................1903
113%
Spring.Div.—1st 7s...............1905
Gen. g. 4s.(int. gtd)............. 1921 61%
Louis. A Mo. River—1st, 7S.1900 117
General 5s..............................1932
Debent. 6s, prin. A int. gtd. 1897 *87*3
2d, 7s....................
.1900 112
97 102
Ohio River RR.—1st, 5s..........1936
Debent. 4s, prin, A int. gtd.1897
8t. L. Jacks. & Chic.—lst,7s.l894 104
Gen. g .,5 s ...........................1937
Illinois Central—1st, g., 4s ...1951 105 105%
1st, guar. (564), 7s............ 1894 *104
Oregon A Califor.—1st, 5s, g.1927 *9 5 " 98
1st, gold, 3*2S.........
1951 *94*a
Miss.R. Bridge—1st, s. f., 6S.1912 107
*106
85
Oreg. Ry ANav.—Col.tr. g..5s.l919
Chic. Burl. A Nor.—1st, 5s___1926 104 104*3 Springf. Div.—Coup., 6s___1898
Pan. Sink.F’d Subsidy—6s, g. 1910 95 105
Middle Div.—Reg., 5s......... 1921 *111
Debenture 6s.......... .......... .1896
.......
109*3
118
Penn.RR.-P.C. AS. L.-lst,c.,7s. 1900
C. St. L. A N. O.—Ten.! . , 7s. 1897
Chic. Burling. & Q.—5s, s. f..l9 0 1 102*3
Pitts. Ft. W. A C —1st, 7s... 1912 13858 140
1st, consol., 7s....................1897 109*2
Iow a Div.—Sink, fund, 5s.. 1919 105*4
2d, 6s....................
1907
2d, 7 s ................................. 1912
Sinking fund, 4 s ............... 1919 93 ; 935g
116*3
1912 130
Gold, 5s, coupon............... 1951
3d, 7s........ ..............
Plain, 4s................................ 1921 *87
98
102
Memp, Div., 1st g. 4 s ..... 1951 97
Clev. A P.—Cons., s. fd., 7s. 1900 119*3
Ohio & Indiana Coal—1st 5s. 1936
Gen. 4*«s, g., “ A” ............ 1942 112
Dub. A 8. C.—2d Div., 7s ...1894 104
Ghi. Mil. & St.P.—lst,8s,P.D.1898 120
90
Ced. Falls A Minn.—1st, 7s. .1907 88
St. L. V. A(,T. H.—1st, 6s., 7 s.1897 111*4
2d, 7 3-LOs, P. D ................1 8 9 8 122
2d, 7 s . . . . . ...........................1898
Ind. D. A Spr.—1st 7s, ex. cp.1906 121 121*3
1st, 7s, $ g., R. D .................1902 128*3
2d, guar., 7 s . .. ..................1898
Ind.D. AW.—1st 5s, g.,tr.reo..l947
1st, La Crosse Division, 7s. 1893 122
Gd.R. A LExt.—1st,4*38,G.g. 1941 102*3 105
2d, 5s, gold, trust receipts.. 1948
1st, I. A M., 7s..................... 1897 122
Peo.AE.-Ind.B.AW.-lst,pf.78.1900 114
Inc. M. bonds, trust receipts___
1st, I. A D., 7s...................1 8 9 9 124 126
Ohio Ind. AW.—lstp ref. 5s. .1938
1st ,C. AM ., 7s......................1903 127 128*3 Int.AG.N’n—1 st,6s.g., oou.off. 1919 108*2 109
78*3 Peoria A Pek. Union—1st, 6s .1921 99
Kanawha A Mich.—Mort. 4s. 1990 76
1st, I. & D .E xtension,7s... 1908 128
2d mortg., 4*38................. ¿..1921
67*4 70
1st, La C. & Dav., 5s........... 1919 *103*3
Kan. C.Wyan.AN.W.—1st, 5s. 1938
86
ritts.C.CASt.L.—Con.g.4*38A1940
1st, H. A D., 7s..................1 9 1 0 126*9 127*9 Kings Co. F.El.,lst,5,g.,gu. A.1929
Pitts. Cleve. A Tol.—1st, 6s... 1922 110%
Lake Erie A West.—2d g., 5s.1941 100*2 101
1st, H. & D., 5 s ..................1910 *103 105
L. Sh. A M. So.—C. P.AA.—7S.1892 10178
Pitts. A L. Er.—2d g. 5s, “ A” . 1928 107*3 109 *fl
Chicago A Pacific Div., 6 s ..1910 118 121
Buff. A Er.—New bonds, 7s.1898 113 114*3 Pitts. Mc. K. A Y.—1st 6s.......1932
Mineral Point Div. 5s..........1910 101*4
97"
Det. M. A T.—1st, 7s............ 1906 126 128 Pitts. Painsv. A F.—1st, 5 s ...1916 96
C. & L. Sup. Div., 5s............ 1921 •'104
Fargo A South., 6s, Assu.,.1924 *........ 117
Lake Shore—Div.bonds, 7s. 1899 115 117 Pitts. Shen. A L. E.—Ist.g.,5s.l940
ist, 5s,con.1927 '106 ........
Mahon’g Coal RR.—
1st, 5s. 1934 110*3 111*3 Pitts.Y’gst’nAA.'—
Inc. conv. sink, fund, 5 s ....1916
Pres. A Ariz. C e n tr is t, 6s, g.1916
■
Kal. All. A G. R.—1st gu. 5S.1938 110
Dakota * Gt. South., 5s___1916 104
2d income 6 s......................... 1916
|Mil. & Nor. main line—6s. ..1910 *115*8
LehighV.,N.Y.—1st gu.g.4*2S.1940 103
■
90 ‘
105
109*3 Rich. A Danv.—Debenture 6s. 1927
Lehigh V.Term.—1st gu 5s,g.l941
Ohic.AN. W.—30 year deb. 5s, 1921
96
Lit chi. Car.A West.—1st 6s. g.1916
Equip. M. s. f., g., 5s............ 1909
Escanai'a & L. S. 1st, 6s___1901 106
100
1898 '114
Long Island—1st, 7 s .........
Atl. A Char.—1st, pref., 7 s ..3.897
Des M. & Minn.—1st, 7s___1907 *125
Í02*"
do.
Income, 6s___ 1900
N. Y. A R’way B.—1st, g. 5s. 1927
Iowa Midland—1st, 8s........ 1900 *121*2
21
Wash.O.AW.—lst,4s,gu.cy.,1924
2d mortg., ino....................1927 18
Peninsula—1st, conv., 7 s...1898 *125
87 *
■ N.Y,AMa> .Beaoh.—1st, 7s, 1897 '100
Rich.AW.Pt'.Term.—6s. ’97, tr. rec.
Chic. & Milwaukee—1st, 7s.1898 *114
Win. A St. P.—2d, 7 s .......... 1907 *1 >
N.Y.B.AM.B.—1st con. 5s.g. 1935
Col. trust 5s, 1914, tr. rec............ 55*3 56*a
Rio Gr. Junct.,1st,guar.,g.,5s.l938
Mil. A Mad.—1st, 6s........ ..1 ’ o '11212
Brookl’n AMontauk—1st,6s. 1911
........
1st 5s
1911
Rio Grande 80.—1st, g., 5 s ...1940 *86%
Ott. C. F. A St. P.—1st, 5s.- .-09 106
39
Northern ill.—1st, 5s...... 1910 '106
St. Jos. A Gr. Is.—2 d in c........ 1925
SmithtownAPt. Jeff.—1st,7s 1901
91
Kan. C. A Omaha—1st, 5s.. 1927 107
Ch.Peo.ASt.L.—Con.lst.g ¿.1939 98 100
Louis.Evans.ASt. L.—Con.5s.1939 89
St. L. A. A T.H—2d pref. 7 s ..1894 105 ib‘¿ ”
79*2 Louis. A Nash.—Cecil. Br, 7s. 1907
C.R.1.AP.- >.M.AF. D .l? 48.1905
52*2 E. H. A Nash—1st 6s, g ....1919 115%
1st, 2 ^ s .. .......................... 1905
2d m.inc. 7s........... .............1894 102 103
65
Dividend bonds............... ...1894
Extension, 4s............ ¿....1905
Pensacola Division, 6s........ 1920 109*3 m
Keokuk A Des M.—1st, 5s.. 1923
t
St. Louis Division, 1st, 6s... 1921 '116
Bellev. A So. 111.—1st, 8 s ...±896 110*3
Bellev. A Car.—1st, 6s.........1923 ‘ 100
Ch.St.P &K.C.—5s,g., 1936, st’mpd
2d, 3 s ................................. 1980 *61
Chi.St.L.APad.—1st,gd.g.5s 1917 *82
Ohio. St. P. is Minn.—1st, 6s. ..1918 121*3
Leb. Branch Extension .. .1893
St. Louis So.—1st, gd. g. 4 s.1931 83
St. Paul & S. C.—1st, 6s.......1919 122*2
Nashv! A Decatur—1st, 7s.. 1900 1 1 5 5 g
do
2d incom e,5s.1931
S. f.,6s.—S. A N. A la ........1 9 1 0 100
Ohio. & V . Ind.—1st, s. f., 6s.1919
V
100
Car. A Shawt.—1st g. 4s___1932
General mortgage, 6s..........1932
10-40, gold, 6s..................... 1924
St. Louis A San Franoisco—
Cin Haw. A D.—Con. s. f., s.1905 121
50 year 5s, g.,.. .................. 1937 100
2d, gold, 4*28.........................1937
2d 6s,g., cl. A ........................ 1906 111
Pens. A At.—1st, 6s, gold.. .1921 104 106
Equip., 7s ...................
1895 100
On. Jack. & Mac.—1st, g., 5s.1936
Collat. trust, 5s, g ............... 1931 1 0 1 * 3
96
General 5s....................... ,...1931
Clev. Ak. & Col.—Eq. & 2d 6s. 1930
Lou.N.Alb.ACh.—Gen.m.g.5s,1940
80
85
1st, trust, gold, 5s...........1 9 8 7
O.C.C. & St. L., Cairo div.—4s, 1939 *90
Lou. N. O. A Tex.—1st, 4s___1934
71
Consol, guar., 4s...................1990
St.Lou. Di v. —lstcol.ts’t4s,g. 1990 *88
903s 2d mort., 5s .................
1934
Kan. City A S.—1st, 6s, g-...1916
Spring. A ol.Div.—lst,g. 4s. 1940
>
Louis. St.L. A Tex.—2d g, 6s. .1917
92*3¡ Ft. S. A V. B. Bg. -1st, 6s. ..1910 90
WhileW.Val.Div.—1st, g. 4s. 1940
Manhattan Ry.—Cons. 4s.......1990
St. Louis K. A S-W.—1st, 6s.1916 *____ 103
Cin.Wab.&M.Div.—1st,g. 4s. 1991 91
Manito.S.W.Coloniza’n—5s ,g.l934
Kansas Midland—1st, 4s, g.1937
din. I. St. L. A C.—1st,g.,4s. 1936
96
Memphis A Chari.—6s, gold ..1924 95 1004
St. Paul A Duluth—1st, 5s___1931 109
Consol , 6s..............................1920
1st con. Tenn lien, 7s..........1915 116
2d mortgage 5s........... ..........1917 '104 105
Cin.Sau.&Ol —Con.lst,g.5s, 1928 107*2
Mexioan Cent. Consol.—4s, g.1911
St. Paul Minn A M.—1st, 7s.. 1909 *110
OLCol. Cin. & Ind.—1st, 7s,s.f.l899 113*2
1st, eons, income 3s, g........ 1939
2d mort., 6s..... ...................... 1909 117 119
Consol, sink, fund, 7s..........1914
2d, cons, income 3 s ........... 1939
Minneap. Union—1st, 6s___1922
Cleve. A Mah. V.—Gold, 5 s ...1938 '109
Mexican National—1st, g., 6s.1927
Mont. Cen.—1st, guar., 6s.. 1937 i ï ê * I1 7 "
Colorado Midland—1st, g., 6s.l936
1917
........
104
1st guar. g. 5s........................1937 1 _
1909
ColumbiaA Green.—1st,6 s ...1916
East. Minn., 1st div. 1st 5 s.1908 *101 103
1931 111 ili* 2
2d, 6s......................................1926
San Fran. A N. P.—1st, g., 5S.1919
Del. Lack. A W.—Convert. 7s,1892 102% 103*3
1940 100 103
Sav. Amer. A Montg.—1st 6s. 1919
1907 *102
Mortgage 7s.......................... 1907 130 135
South Carolina-2 d , 6 s ......... 1931 *90 100
1924 121
Byra. Bing. & N. Y.—1st, 7S.1906 '130
So. Pac. Coast—1st, guar.,4s.1937
1925 120
Morris A Essex—1st, 7s___1914 138*3 140*4
Ter.RR. As’n of Sc.L.-lst,4*38.1939 94
*110 112
Bonds, 7s............................ 1900
Incomes.
7s of 1871.......................... 1901 120
1927 120 125 Texas Central—lst,s. f., 7s. ..1909
117
1st mortgage, 7s...................1911
1st, con., guar., 7s............ 1915 139% 140*3
1909
Texas ANew Orleans—1st,7 s.1905
Del. A Hud. Can.—Coupon 78,1894 1075s
1891 *71
104*«
Sabine Division, 1st, 6s.......1912
Pa. Div., coup., 7s............... 1917 140*3 141*9
1910 112
Tex. A Pac., E. Div.—1st, 6s. 1905
1921 100
Albany & Susq.—1st, gu.,7s,1906 128 131
112*3 113*«
90
Third Avenue (N.Y).—1st 5s, 1937
1922 75
1st, cons., guar., 6s..........1906 118
93
Tol. A. A.-A.Cad—6s................1917 92
Rens. A *ar.—1st, coup., 7S.1921 *141*3 ........ Minn. A Pac.—1st mortg., 5s. 1936
Toledo A. A'. A G ’dTr.—g. 6S.1921 110*3 1105a
Minn.S. Ste. M. A Atl.—1st, 5s .1926
Denver City Cable—1st, 6 s ...1908 98*3
88
Toi. A. A. A Mt. PL—6s..........1919
Denv. & R. G.—Imp.,g., 5 s ... 1928 81
Minn.St.P.AS.S.M—1st c.g.4s. 1938
97*«
75*2 Toi. A. A. A N. M.—5s, g........ 1940 *97
Duluth & Iron Range—1st 5s.l937 99 101
Mo.K.AT.—K.C.AP., Ist,4s,g.l990
Ulster A Del.—1st, oon.,6.,5s.l928 102
90
E. Tenn. Va. & Ga.—1st, 7S...1900 *110
Dal. A Waco—1st, 5s, gu...,1940
Union Paoiflc—1st, 6s............. 1896 108
Divisional 5s......................... 1930 100
Missouri Pacific—Trust 5 s ... 1917
82*«
1st, 6s..................................... 1897 109*4
1st ext., gold, 5 s...................1937
1st coll., 5s, g ...................... 1920
76
1st, 6s.................................... 1898 111*3 113
Eq. & imp., g., 5s................... 1938
St.L.AI. M.-Ark.Br.,lst, 7S.1895 1 0 7 3 g
112
Collateral Trust, 6s..............1908 101*3 ___„
Mobile A Birin.—1st, g.,5 s..1937
Mobile A Ohio—1st ext., 6s... 1927
90
86
Collateral Trust, 5s..............1907 *84
St. L. A Cairo—4s, guar......1931
Alabama Central—1st 6 s .. .1918
Kansas Pacific—1st 6s, g ...l8 9 5 106*4 . . . . . .
Erie—1st, extended, 7s..........1897 111
Morgan’s La. A T.—1st, 6s.... 1920 111*3
1st, 6s, g ..................
1896 109%
125*4
2d, extended, 5s....................1919 116
1st, 7s........... : . . . .................. 1918
112
C. Br. U. P.—F. c., 7s.......... 1895 100 ___
Sd, extended, 4*23............... .1923 111 114 Nash. Chat. A St. L.—2d, 6s.. 1901
Atch. Col. A Pac.—1st, 6s... 1905 83 ........
4th, extended, 5s.................. 1920 '111 114*2 New Orleans A Gulf—1st, 6s .1926
Atch. J. Co. A W.—1st, 6s... 1905
101
5th, extended, 4s.................. 1928 '102
N. O. A. No. E.—Pr. 1., g., 6s..1915
U.P. Lin. A Col.—1st,g., 5s. 1918
1st, con., g., f’d, 7 s ..............1920 132 ........ N. Y. Cent.—Deb. g. 4s..........1905 102
Oreg.S.L. A U.N. ,coi.trst.,5s.l919 77
101
Reorg., 1st lien, 6s............... 1908
N. J. June—Guar. 1st, 4s. ..1986
B. N. Y. A E.—1st, 7s..........1916 135
Beech Creek—1st, gold, 4s. .1936 101*4 101*3 Utah A North.—1st, 7s........ 1908
Gold, 5 s . .. ......................... 1926
N.Y. L. E. &W.—Col.tr.,68.1922 113 116
Osw. A Rome—2d, 5s, g.,gu.l915 104
Utah Southern—Gen., 7s. ..1909 105
Funded coup., 5s..................1969 *93*2 95
Utica A Bl. Riv.—4s, g., gu.1922
Extern, 1st, 7s...................1909 104*8 105
108
Buff. & 8. W.—Mortg. 6s_ 1908 100
_
N, Y. N. H. A H .—1st,reg.4s.1903
Valley R’y Co. of O.—Con. 6s. 1921
105
Jefferson—1st, gu. g. 5 s ___1909 103 105
N. Y. A Northern—1st, g., 58.1927
Wabash—No. Missou—1st, 7s.1895 106
Coal A RK.—6s....................1922
2d, 4s......................................1927 63
Eureka springs—1st, g., 6 s... 1933
83*4 St.L.K.C.AN.—R-E.ARR.7s.1895 108*3 ___ _
100 N. Y. Susq. A West.—2d, 4*28.1937
St. Charles Br’ge—1st,6s.. .1908 *108*3
88
Jtvans. a T.H.—1st,eons.,6s..1921 123 123*2 Gen. mort., 5s, g .................. 1940
West. Va. C. A Pitts.—1st, 6s. 1911 *107
Mt. \ ernon—1st 6s ..... ........ 1923
N. Y. Tex. A Mex.—Ist,43,gu.l912
Wheel.AL.E.—1st. 5s, gold ... 1926 105*3
Sul. Co. Branch-—
1st, g., 5s. 1930
North’n Pacific—Divid’d scrip ext. '103
Extension ATmp. s.. 5s...... 19H0 *94
101
Evans. a Indian.—1st, cons.. 1926 114
James River Yal.—1st, 6s. .11936
No price Friday; these are tne latest quotations made this wee». F o r M is c e lla n e o u s & U n lis t e d B o a d t .-S e e 3d page preceding.
TH E
7òB
% ìw z $ tm m i
AND
CHRONICLED
ROADS.
[V ol, LIV.
Latest Earnings Reported
Week or Mo
1891-2.
1890-1.
Jan. 1 to Latest Date.
1891-2.
1890-1
»
9
$
Gr. Tr.—(Con.)—
23,142
20.576
Det.Gr.H & M. WkApr. 23
351,133
331,960
Great North’n—
a ilr tr a d I t t M I i p w a .
St. P. M. < M. M arch ..... 1,285,990 737,429 2,953,544 1,926,627
fe
71,285
52,809
East, of Minn. March.......
191,273
134,065
87,355
Montana Cent. March.......
92,294
270.961
271,568
The I nvestors’ Supplement, a pam phlet o f 150 pages ,
Tot. system. March....... 1,444,630 882,531 3,415,778 2,332,261
3,098
fe
3,099
9,098
March.......
9,226
contains extended tables o f the Stocks and Bonds o f R ail Gulf < Chicago. February.. 116,014 103,674
Housatonic.......
218,551
209,787
12,500
13,957
40.300
39,936
roads , and other Companies, with remarks and statistics con Humest’n AShen March.......
4,523
3,935
Hutch. «fcSouth’n March.......
18.002
15,270
cerning the income, financial status, etc., o f each Company. Illinois Centr’i.. March____ 1,505,774 1,425,330 4,580,769 4,349,822
36,923
Ind.Dec.AWest March____
109,957
36,510
118,584
I t is published on the last Saturday o f every other month
69,166
In. AGt.North’n 3d wkApr.
67,304 1,058,864 1,033,726
v iz ., January, M arch, M a y, J u ly, September and November, {Interoo. (Mex.) Wk Apr. 9
41,290
32,822
Iowa Central... 4th wk Apr
553.868
32,960
596,608
and is furnished w ithout extra charge to all regular sub Iron Railway... March.......
2,620
3,803
7,305
9,734
J’k’nv.T.«&K.W. March....... 111,832 103,067
273,052
289.250
scribers o f the Chronicle.
6,195
Kanawha«feMicb 3d wk Apr.
97,242
90,224
6.856
The General Quotations o f Stocks and Bonds, occupying Kan. C. Cl. < 8p. 3d wk Apr.
6,102
94,139
93,177
4,816
fe
82.577
86,127 1,427,328 1,310,171six pages o f the C h r o n ic l e , are published on the t h ir d K.C.F.S. <&Mem. 2d wk Apr.
336 831
16,882
K. C.Mem. «feBir. 3d wkApr.
362,093
22,003
86,679
68,119
30,984
23,379
Kan.C.Wy«feN.W March.......
S a t u r d a y o f each month.
________
115,459
6,632
123,779
Keokuk < West. 3d wkApr.
fe
7,393
19.833
16,770
7,326
6,360
L. Erie All. < So March.......
&
960,078
86,449
75,824 1,081,183
L. Erie & West . 4th wkApr
RAILROAD EARNINGS.
119,546
119,751
32.324
Lehigh & Hud.. April.........
28,266
201.405
216,005
9,689
11,2x2
L. Rock < Mem. 3d wkApr.
fe
982,502
68,383
67,177 1,017,548
Jan. 1 to Latest Date. Long Isla n d .... 4th wkApr
Latest Earnings Reported.
29,459
33.693
33,693
29.459
Louis. A Mo.Riv. January...
405,474
462,691
39,699
38,440
Louis.Ev.<& St.L. 4th wkApr
1891-2. | 1890-1.
1890-1.
R oad s.
Week or Mo 1891-2.
Louisv. < Nashv. 4th wkApr 494.515 468,748 6,736.802 6,179,383
fe
802,602
950.006
9
*
65,574
82,836
Louis. N. A«feCh. 4th wkApr
$
571,483 Louisv.N.O. <feT. 4th wkApr
64,819
78,439 1,224,671 1,214,127
573,543
Allegheny V al.. March....... 202,977 197,983
135,777
196,918
10,746
9,178
A tch.T .A 8.F e.. 3d wk Apr. 597,173 617,206 9,358,057 8,694,452 Lou. St.L. A Tex. 3d wk Apr.
10,789
483,812 Lynchb. «feDur’m January...
10,591
10,789
10,591
502,588
33,320
34,999
Half ow ned... 3d wk Apr.
506,367
451,325
27,721
19,755
fe
Total system. 3d wk Apr. 632,172 650,527 9,860,645 9,178,265 Memphis < Chas 3d wk Apr.
1,888,930 1,812,810 tMexican Cent... 4th wkApr 224,059 188,996 2,489,211 2,259,310
Bt L. A SanF.. 3d wk Apr. 109,705 115,864
474,071 {Mex. National. 4th wkApr 104,108 120,071 1,320,176 1,393,985
492,908
32,766
Half owned.. 3d wk Apr.
34,370
909,314 1,170,176
62,000
84,738
Tot.S.L.&S.F. 3dwk Apr. 144,074 148,630 2,381,837 2,286,882 {Mexican R’ way Wk Apr. 9
64,495 3,527,714 3,848,568
72,118
Agg. to t a l.. 3d wk Apr. 776,246 799,157 12,242,482 11,465,147 'Mil.-L.Sh. «fewest 4th wk Dec
515,329
511.426
153,767 Milwaukee < No 4th wkApr
40,645
131,822
44,972
&
73,286
71,263
Atlanta St Char. * February..
32,400
23,428
10,296
12,000
Mineral Range.. March...
Atlanta &Flor’ a M arch .....
6,275
8,818
361,216
452,190
130,096 Minneap. «feSt.L. March...
119,285
163.473 139,137
36,538
Atlanta A W.Pt. M arch .....
34.678
456,111
654,000
232,051 169,926
St.P. «feS.S.M.
B.AO.EastLines March....... ,530,041 ,414,928 4,488,842 4,165,933 M.
March___
Western Lines March....... 497,123 430,253 1,507,189 1,291,721 Mo. Kan. A Tex. b 4th wk Apr 219,681 204,745 2,598,072 2,655,791
Total . . . . . . . March....... ,027,163 ,845,180 5,996,031 5,457,653 Mo.Pac.&IronM 4th wk Apr 714,000 665,000 8,338,674 7,695,733
724,735 M obile* Ohio.. April..
260,572 281,361 1,134,407 1,185,699
848,392
59,383
57,129
Bal. AO. Southw. 4th wk Apr
220.740
239,691
4,583 Monterey &M. G. March
4,721
72,637
74.527
1,592
I,
775
Bath A Ham’nds March.......
957,231
14,403 Nash.Ch.AStL.c March ....... 419,498 306,995 1,252,083
9,306
JPU
4,539
3,244
Blr. A Atlantic. M arch .....
37,482
29,760 N. J ersey A N. Y . February..
42,035
37,915
18,670
21,945
13,509
18,860
Bir.Sh.ATenn.R February..
41,887
34,382
836,475 New Orl. & So’n March.......
9,952
976,529
11,611
73,891
Buff.Roch.APitt 4th wk Apr 107,319
55,577
65,164
Bur. C.Rap.&N. 3dwk Apr.
N. Y. C.& H. R .. March....... 3,273,417 3,061,439 9,546,002 8,802,287
920,908
IÏÔ’,763
858,557
101,881
303,867 322,534
33,781
RomeW. &Og. March
30,851
Camden AAtl... March.......
CanadianPaciflc 4thwk Apr 483,000 472.000 6,319,270 5,822,062
Tot. both rds. April......... 3,635,848 3,341,010 14,040,407 13,064,205
6,517,962
555,209 N. Y. L. E. A W. March....... 2,472,480 2,291,280 6,937.673
583,357
46.103
42,590
Op.F’rAYad.Val December.
967.869
7.507 N. Y. Pa. & Ohio February.. 544,157 468,431 1,078,155
6,659
3.889
4,013
Car. Cum.Q&Ch. February..
863,821
885,351
13,113 N. Y .& N.Eng.. February
9,602
451.186 417,781
6,344
5,433
Car. Midland... February..
101,996
112,414
35,598
36,670
,155,408 ,176,896 14,201,767 13,663,726 N. Y. & North’n . March___
------ j|
Central of N. J.. December.
867,301
941,778
74.588
91,648
Central Paciflo.. February.. ,005,879 ,017,883
N. Y.Ont & W.. 4th wkApr
324,925
318,542
21,231 N.Y. Susq. & W.. March
19,510
120,759 108,302
9,966
10,698
Central of S. C.. February..
97,018
40,473 Norf. & South’n. March___
39,720
13,361
13,000
Char. Cm. A Chic M a rch .....
159,538 Norfolk* West.. 4 th wkApr 179*,2 *4 1*76*433 2,977,874 2,752,403
132,291
82,123
*0
69,427
Charleston & 8av February..
163,607
133,141
30,605 N’theast’n(S. C.) February
76,796
43,620
70,597
9.225
13,535
Char. Sum.& No. March.......
25,038 North’n Central. M arch....
16,026
11,574
544.081 537,305 1.670.035 1,506,447
9.558
Cheraw. St Dari February..
4,834
6,618 Northern Pacific 4th wk Apr 527,275 585,696 6,632,052 6,905,327
3,465
3,037
Cheraw. A Salish February..
Ches. & Ohio.... 4th wk Apr 208,748 205,703 2,758,756 2,613,804
Wis. Ct. Lines: 4th wk Apr 131,163 118,631 1,595,724 1,509,416
182,161 173,344
Ohes.O. & 8. W. March..
N.P.& W.Cent. 4th wkApr 658,438 704,327 8,327,777 8.414,743
483*,807 O hio* Miss....... 4th wk Apr
64,202 1,342,467 1,291,847
496Ì9 *8
*5
74,904
185.385 172,241
Chic. Bur. & No. March..
170,956
179,148
12,133
12,625
,252,756 ,489,279 9,329,940 7,057,013 Ohio River........ 3d wk Apr
Chic. Burl. A Q. March..
148,760
174,145
1,197,284 Ohio Southern.. March___
52,677
56,748
68,348 1,245,931
80,537
Ohio. A East. Iü. 4th wk Apr
100,260
607,623 Omaha & St. L .. March---144,168
39,382
728,879
44,664
255,375 229,384
Chicago & Erie. March..
915,600
859,072
Chic.Mil.&St.P, 4th wk Apr 727.210 664,547 9,894,077 8,062,641 Oregon Imp. Co. March....... 307.187 307,958
Ì,498,069 ,029,078 7,000.954 5,630,325 P e n n sy lv a n ia . . ___________ 5,449,804 5,218,706 15,676,642 15,270,501
Chic. AN’thw’n. March..
March___
273,967
279,574
320,799 PeonaDec.AEv. 4thwkApr
19,342
410,406
26.103
20,047
32,715
Ohlc.Peo.AS.L.t 4th wk Apr
138,283
139,306
49,294
,336,421 ,267,815 5,353,792 4,608,037 Petersburg....... March—
52,128
Chic.R’kl.A P .. April.. .
657,590
713,961
82,147 1,365,111 1,165,133 Phila. & Erie... February
354,286 304,988
76,861
Chic.St.P.AK.C 3d wk Apr.
1,551,400 5,336,581 4,734,407
Ohio.St.P.M.AO. March....... 747,878 550,410 2,015,505 1,493,392 Phila. ARead’g. ”
March....... 1,820,593
|
461,678
540,452
32.387
Ohio. & W. Mien. 3d wkApr,
1,750,966 1,354,963 5.061.035 3,944,371
37,506
Coal & Iron Co. m
March
13,070
14,161
4,867
5,007
Cin.Ga. & Ports. March......
TotalbothCos. March....... 3,571,559 2,906,363 10,397,616 8,678,778
10,613
10,352
244,080 Pitts. Mar. & Ch. March.......
212,299
3,808
15,262
16,098
Cin. Jack & Mao. 4th wkApr
3,944
61,508
85,397
76,137 1,241,227 1,253,528 Pitt.Shen.AL.E. March.......
21,688
72.140
Oin.N. O. AT.P. 3d wk Apr.
33,257
107,049
94,819
542,182
560,548 Pittsb. & West’n January...
33,093
28,375
Ala. Gt. South. 3d wk Apr.
94,819 107,049
29,371
38,047
341,522
368,138
19,603
29,371
N. Orl. & N. E. 3d wk Apr.
38,047
19,418
Pitt*. Clev. &T. January...
15,589
15,116
191,768
189,912
8,822
15.589
8,545
Ala St Vicksb. 3d wk Apr.
15,116
Pitts.Pain.AF January...
617,794
733,979
186,859
172,910
7,927
45,102
5,908
66,267
Vic&s. Sh. A P. 3d wk Apr.
Total system 4th wkApr
168,714
266,835
59,332
98,284
Erlanger Syst. 3d wk Apr. 134.386 145,582 2,514,369 2,534,225 P itt.Y oun g.*A .--------------March
93,312
54,677
4,905 Pt. Royal & Aug. February..
4,426
49,437
1,218
33,471
1,357
Cinn.Northw’n. March.......
94,461
54.089
46,114 Pt.Roy.& W. Car. February..
49,766
15,963
47,558
34,783
18,701
Cin. Ports. & V.. March._
_
23,189
23,140
2,653 Pres. < Ariz.Cen.1
3,04
9,854
1,122
8,176
1,255
Col. & Maysv. M arch.....
fc
Maroh
62,519
71,696
134,720 Quincy O.&K.C. March
185,04
20,369
47,228
22,092
66,295
OLn.Wab.AMich. March.......
526,900
432.900
263,237 Rich.&Danville. January... 432.900 526,900
272,271
19,456
18,499
Olev. Akron ACol 3 d wk Apr,
183.300
77,904
141,500
88,780
37,656
46,178
141,500 183,30*J
Olev. A Canton.. February..
Vir. Midland.. January...
95,700
68.500
95,700
Cl.Cin.Ch. A S.L. 3d wkApr. 238,057 229,365 3,901,998 3,807,035
68.500
Char.Col.AAu. January...
90,900
71,600
452,085
520,233
90,900
27,665
30,616
71,600
Peo. & East’n. 3d wkApr.
Col. & Greenv. January...
82,500
84,340
63.500
77,018
32,711
82.500
27,099
63.500
Clev. & Marietta March......
West. No. Car. January...
168.300
182.900
583,893
602,069
36,255
40,107
Color. Midland.. 3d wkApr,
182.900 168.300
Georgia P a c .. January...
9,900
9,720
865,157
982,357
9,900
280,353 253,008
9,720
Col. H. Y. & Tol. April.-. —
W ash.O.*W .. January...
14,000
11,700
124,017
186,436
14,000
10,726
II,
826
11,700
CoLShawneeAH 3d wk Apr.
Ashv. & Spart. January...
4,234,950
5,560
4,588
1.889
1,613
Colusa & Lake.. March____
Total Sys’m. 3d wk Apr. 237,955 275,480 3,912,245
80.357
84,077
245,418 Rich. & Petersb. March.......
28,414
89,464
255,378
93,154
Conn. R iver___ March...*..
30,779
47,642
155,379
42,961 Rio Gr’de South. 3d wk Apr.
43,796
3,631
2,573
2,921
10,651
Current R iver.. 2d wkApr,
651,586
670 044
45.500
46,600
192,800 175.000 2,748,368 2,416,356 Rio Gr. W est.. 3d wkApr.
¡Qenv. A Rio Gr. 4tb wk Apr
20,857
22.220
70,822 S ag.T uscola& H . Maroh.......
7,662
97,772
27,001
33,349
7,955
DésM. No. A W March.
415,931
432,510
124,832 StL.A.AT.H.B’s 3d wkApr.
27,080
92,765
35,560
34.075
Dot.Bay C.AAlp March.
27,880
331,591 St.L.Southw’ra. 4th wkApr
340,334
88,737 1,346,168 1,321,793
23,889
90,012
22,276
Det.Lans’g & No 3d wk Apr,
294,310
493,009 St. Paul&Dul’tb March......
401,490
617,116
67,304
38,055
149,310 108,471
Duluth S.S.&Ati 4th wkApr
208,383
19,202 San Ant.A A.P.. February.. 107,209 100,145 e 164.715
35,451
8,420
14,106
Duluth & Winn. March.
2,308
1,552
134,275
735
113,327
587
E.I’enn. Va. AGa. 2d wk Apr
March---- 182,977
205,149 Sandersv.A Ten. 3d wk Apr
272,206
198.138
68,559
50,977
12.338
13,585
Elgin Jol. AEast A p ril,.. . .
121,314
60,740 S. Fran.AN.Pao March___
109,412
41,596
60,740
38,613
41,596
37,212
Eliz.Lex.AB.8... January..
Mon,
328,213
113,952
326,624
104,558 gav. Am. AWest January... 326,624 328.213
7,510
8,528
Evans. AInd’plis 4th wkApr
gav.Fla.*
10,788
371,027 Silverton.......... March___
32,151
391,935
32,364
6,859
nil.
nil.
Evansv. & T. H 4th wkApr
103,058
100,435
599,419 575,006 1,687,990 1,626,148 giouxCityANo. March___
37,263
34,000
Fitchburg........ . March.
946,165 South Bound... March___
961,746
60,558
40,720
52,279
15,442
Flint. A P. Mara 3d wkApr,
12,541
8,226
5*08,505
6,436
399,075
5,262
134,000 153,842
F lo re n ce ........ February..
71,022 South Carolina . March___
115,168
14,817
5,066
Ft.W . A R ioG r. 4th wk Apr
266,610
241,535 So. Pacific Co.— February.. 333,754 299,913
641,078
693,181
February.. 131,871 110,156
Ft.Worth&Denv
Gal.Har.AS.A.
157,262
23,908
26,218
14,054
12,588
187,590
70,174
90,922
Ga. Car’la A No. February..,
Louis’a W est.. February..
535,939
385,336
123,245 163,681
892,169 1,104,588
499,352
Georgia R R ..... M a rch .....
Morgan’sLAT. February.. 418,271
180,529
190,910
25,240
57,369
65,759
33,734
10,914
Geo. 80. A Fla.. March.......
15,204
February..
N. Y.T. A Mex
7,333
8,159
237,989
3,323
4,050
271,815
Georget’n & W’n February..
Tex. A N. Orl February.. 139,147 113,074
727,610
673,194
47,627
47,291
Gr.Rap. A In d.. 3d wk Apr.
1,011,588 1,001,278 2,111,020 2,183,496
Atlantic sys.d. February..
141,241
4,982,064
131,468,
9,411
8,180
Cin.R. A Ft. W. 3d wk Apr.
Pacific system February.. 2,409,289 2,311,091 4,826,289 7.165.56Q
70,640
65,945
4,925
5,390
Other lin e s ... 3d wk Apr.
Total of all.. February.. 3,420,876j3,312,369 6,937,307
939,401
870,607
60,732
62,002
. Total all lines. 3d wk Apr.
Grand Trunk... WkApr. 30 363,942 335,199 6,130,751 5,849,139 Bo Pac. RR.— February.. 534,016’ 446,284
Bo. Div. (Cal.)
69,319 1,234,572 1,175,909
73,730
Chic «feGr.Tr. WkApr. 23
THE
Ma t 7, 1892.]
BOADS.
Latest Earnings Reported.
WeekorMo 1891-92.
CHRONICLE
Jan. 1 to Latest Date
1890-91
»
So. Pae.RR.~ Con I
OoaBtDiv. (Cal) (February.
142,333 116,110
Arizona D iv.. February.. 143,555 153,127
84,531
New M ex.D ir. February,.
76,575
12,120
Spar. Un. A Col February..
10,034
57,772
Staten Isl. R. T. March.......
61,597
1,058
Btonyd. ACMt. .(February..
1,241
94,221
Summit Branch. M arch ..... 117,688
70,823
Lykens Valley IMarch.......
85,118
Tot’l both Co’s March....... 202,806 165,044
15,593
Tenn. Midland. March
11,817
14,474
Texas Central.. March
Texas A Pacific. 4th wk Apr 138,051 149,928
1,259
Tex.S.Va) AN.W. 2d wk Apr.
606
89,555
To l a . a .a n . m . April.........
96.297
8,279
Tol. Col. A Cin. 4th wk Apr
8,220
41,076
Tol.& Ohio Cent. 4th wk Apr
38,014
18,548
Tol. P. A West.. 3d wk Apr.
18,607
41,547
Tol. St. L. A K.C. 4th wk Apr
44,197
2,267
2,343
Tol. A So. Haven March.
21,679
26,836
Ulster A D e l.... March.
Union Paoifle—
Or.S.L. AU.N. February.. 453,457 544,641
Or.Ry.AN.Co. February.. 272,366 347,300
Un.Pac.D.&G. February.. 391.906 371,057
18,314
21,884
St.Jo.AG’dIsl. 3d wk Apr.
Alloth. lines.. February.. 1,570,407 1,366,413
Tot.U.P.Sys. February.. 2,782,111 2,682.218
48,186
96,047
Oent.Br.&L.L. February..
Tot. cont’led February.. 2.878,159 2,730,404
91,409
91,603
February..
Montana Un..
2,755
2.204
Leay.Top. A 8. February..
3,074
2,704
February..
Man. Al. A Bur.
97,238
96,512
Joint.own’d,.. February..
February. 2,926,415 2,779,023
Grand total.
13,714
14,850
Vermont Valley March...,
4th wk Apr 309,000 322,000
W abash.....
99,155
March....... 102,976
West Jersey
88,493
93,331
W.V.Cen.APltts. March......
42,701
35.298
Western of Ala. March____
62,400
63,900
West.N.Y. A Pa. 3d wk Apr,
7,071
21,018
WestVir.APitts. February..
34,228
40,814
Wheeling A L. E. 4th wk Apr
98,883
75,013
Wil. Col. A Aug. February.
7,898
6.205
Wrlghtsv. A Ten. March___
1891-92.
$
937,205
557,185
834,950
330,685
3,312,6
5,832,580
211,549
6,044.128
182,823
4,286
5,719
192,829
6,140,543
30,709
4,363,715
280,169
256,359
121,051
971,253
39,443
426.204
145,340
17,508
Latest Gross Earnings by TTeeks.—The latest weekly
follows:
Out of the 40 reported below for the fourth week o f April,
11 show a decrease in earnings, but in the aggregate there is
an increase of $320,718, or 5*34 per cent.
Total (40 ro a d s )........
Net increase (5*34 p .c.)..
1891.
$
$
Prev’ly report’d <
70roads) 6,550,<*81 6,408,489
‘ Chicago A Grand Trunx.
73.730
69,319
□tn.N.O. AT.Pac. (5 roads)
134.386
145,582
Cleveland Akron A C ol...
18,499
19,456
•Detroit Gr. H. A Mil___
20.576
23,142
18,692
26,176 Intemat’l A Gt. North’n.
69,166
67,304
170,039 Kansas City Clin. A Spr..
173,856
6,102
4,816
2,165
2,348
16,882
22,003
299,980 Kan. City Mem. A Birm.
313,862
6,632
Keokuk A Western..........
7,393
209,395 Little Bock A Memphis..
232,767
9,689
11,212
509,373 Memphis A Charleston...
546,629
19,755
27,821
45,650 8t. L. Alt. AT. H. Brches.
40,419
27,880
27,080
55,402
13,585
12,338
2,094,243 2,159,094 Ban Francisco A No. Pae.
33,354
33,225
12.117 Toledo A Ohio Central...
12,899
18,607
18,548
329,678 Toledo Peoria A Western
346,558
106,332
99.204
Total (88 roa d s).......... 7,019,224 {6,899,728
445,753
455,789
........
Net inereaee (1*37 p.c.)
267,199
305,658
527,101
640,656
* For week ending April 22.
5,762
5,659
60,968
69,428
earnings in the foregoing table are separately summed up a®
Balt. A Ohio Southwest’n
Buffalo Roch. A Pittsb...
Canadian Pacific............
Chesapeake A O hio........
Chicago A East. Illinois..
Chicago Milw. A St. Paul.
Ohio.Peoria A St.Louis...
Cincinnati Jack. A Mack.
Denver A Rio Grande...
Duluth S. 8. A Atlantic...
Evansville A Indianap...
Evans. A Terre Haute....
Ft. Worth A Rio Grande.
Grand Trunk of Canada..
Iowa Central....................
Lake Erie A W estern....
Long Island.....................
Lonisv. Evansv. A St. L ..
Louisville A Nashville...
Louis. N. Albany A Chic.
Louisville N, O. A Texas.
Mexican Central.............
Mexican National...........
Milwaukee A Northern..
Mo. Kansas A Texas.......
Mo. Pacific A Iron M t...
New York Ont. & West.
Norfolk A Western........
Northern Pacific.............
Wisconsin Central lines
Ohio A, Mississippi..........
Peoria Dec. A Evansv...
Pittsburg A Western.......
St. Louis Southwestern..
Texas A P a cific...............
Toledo Col. A Cincinnati.
Toledo & Ohio Central...
Toledo St. L. A Kan. City.
Wabash.....................
Wheeling A Lake Erie...
1892.
8
1,177,304
821,157
760,117
219,553
2,846,783
5,708,011
92,900
5,800.911
176,016
4,863
6,100
186,979
5,894,400
38,239
3,957,961
276,963
262,393
155,261
991,966
15,054
388,676
206,005
25,723
* Figures cover only that part of mileage located in South Carolina
t Earnings given are on whole Jacksonville Southeastern System.
5 Kansas City A Pacific included in both years, e Western A Atlan
tic included in 1892, but not in 1891.
d Includes earnings from fer
ries, etc., not given separately.
1 Mexican currency.
e Decrease caused by strike.
4th week o f April.
3d ussk o f April.
1890-91.
Increase.
1892.
1891.
*
57,120
107,319
483.000
203,748
80,537
727,210
32.715
15,262
192,800
67,304
8,528
32.364
14,817
363,942
32,822
86.449
68,383
39,699
494,515
82,836
64,819
224.059
104,108
40,645
219,681
714,000
91,6*8
179,204
527,275
131,163
74,904
20,047
66,267
90,012
138,051
8,220
38,014
44,197
309.000
40,814
$
59,383
7*.891
472,000
205,703
68,348
664,547
26,103
16,098
175,000
38,055
7.510
32,151
5,066
335,199
32,960
75,824
67,177
38,440
468,748
67,574
78,439
188,996
120,071
44,972
204,745
665,000
74,588
176,433
585,696
118,631
64,202
19,342
45,102
83,737
149,928
8,279
41,076
41,547
322,000
34,228
$
....... .
33,428
11,000
3,045
12,189
62.663
6,612
6,322,507 6,001,789
444,275
320,718
17,800
29,249
1,018
213
9,751
28,743
10,625
1,206
1,259
25,767
15,262
............
35,063
14,936
49,000
17,060
2,771
12.532
10,702
705
21,165
1,275
2,650
6,586
Decrease.
t
2,234
............
836
........
138
13,620
15,963
4,327
58,121
l l , 877
59
3,062
13,000
............
123,557
.........-
Increase.
" $
302,927
4,411
1,862
1,286
800
1,247
Decrease.
$
161,035
11,196
957
2,566
5.12Ì
761
1,523
8,066
59
1,871
.........—
312,592
119,496
193,096
..........
Net Earnings Monthly to Latest Dates.—The table fo?lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of April 23. The next wifi appear in the
issue of May 21.
,— Gross Earnings.—
Eet Earnings.----- ,
1892.
1891.
1891.
$
Roads.
$
$
At. T. A S. F e b .....M a r . 2,572,01* 2,422,604
721.044
1,809,001
Jan. l t o Mar. 3 1 ... 7,549,184 6,886,055
July 1 to Mar. 31...26,133,240 23,955,968
6,986,991
K QQ
Q
B’ ds J’tly own. (J*) bMar.
136,237
151,214
11,841 de f. 23,764
Jau. 1 to Mar. 3 1 ...
401,728 378,740
July 1 to Mar. 3 1 ... 1,307,448 1,254,132
117,761 def.27,302
Total Atoh. sys-.b.Mar. 2,708,249 2,573,818
739,928
726,982
Jan. 1 to Mar. 3 1 ... 7,950,862 7,264,795 1,798,530 1,785,236
8,316,310 6,959,686
July 1 to Mar. 31...27,440,687 25,210,097
219,232
164,692
St. L.A SanFr...b.M ar.
554,181 505,347
552,175
544,730
Jan. 1 to Mar. 3 1 ... 1,532,476 1,465,660
July 1 to Mar. 3 1 ... 5,475,976 5,176,054 2,419,807 2,232,663
148,746
8,485
6,681
R’ds J’tly own.!1 bMar. 133,439
*)
370,791
~
393,927
15,357 def.19,750
Jan. 1 to Mar. H1 ...
3
138,483 def. 3,805
July 1 to Mar. 3 1 ... 1,281,263 1,227,075
654.093
171,373
227,717
687,620
Tot. S.L AS.F.Sys.bMar.
524,980
567.532
Jan. 1 to Mar. 3 1 ... 1,926,403 1,836,451
July 1 te Mar. 3 1 ... 6,757,239 6,403,128 2,558,290 2,278.859
967,645
898,355
Aggregate total.b.Mar. 3,395,869 3,227,911
Jan” 1 to Mar. 3 1 ... 9,877,265 9.101,246 2,366,062 2,310,217
July 1 to Mar. 31. ..34,197,926 31,613,226 10,874,600 9,238,549
61,162
57,983
Buff. Roch. A Pittsb.Mar.
230,006
218,396
188,016
133,865
Jan. 1 to Mar. 3 1 ...
697.296 *590,173
462,180
675.090
July 1 to Mar. S I ... 2.190,932 1,816,603
152,686
149,825
OhesaneakeAOhio a..Mar. 684,821
665,660
483,542
459.561
Jan. 1 to Mar. 3 1 ... 2.093,697 1,943,397
July 1 to Mar. 3 1 ... 6,895,722 6,055,065 1,786,640 1,611,495
73,060
73,053
Chic. Bur. A North. b. .Mar. 285,385
172,241
172.622
185.561
Jan. 1 to Mar. 3 1 ...
496,958
483,807
45.742
44,265
Chio. A West Mich.aMar.
167,443
136,792
97,273
95,700
Jan. 1 to Mar. 3 1 ...
428,115
868,083
39,987
30,898
Colorado Midland.b.Mar.
158,218
163,524
114,155
124,321
Jan. 1 to Mar. 3 1 ...
480,663
474,336
404,727
461,984
July l t o Mar. 3 1 ... 1,544,996 1,454,747
23,049
25,776
Dot. Lans. A North, a Mar.
98,908
93,800
51.637
65,547
Jan. 1 to Mar. 3 1 ...
274,755
263,493
38,124
52,952
Iowa C entral.b......M ar.
145,823
152,684
145,929
120,481
Jan. 1 to Mar. 3 1 ...
470,041
426,084
475,957
444,242
July 1 to Mar. 3 1 ... 1,496,160 1,364,150
11,611
4,701
Kan. C. Mem. ABlr.aMar.
90,*217
94,783
62,070
43,337
Jan. 1 to Mar. 3 1 ...
295,986
295,973
224,530
223,718
July 1 to Mar. 3 1 ...
945,516
928,568
664,518
559,654
Louisv. A Nashville bMar. 1,758,407 1,552,039
Jan. 1 to Mar. 8 1 ... 5,124,647 4.672,335 1,803,380 1,740,745
July 1 to Mar. 31..16.185.820 14,706,711 5,815,847 5,534,514
107,120
98,640
360,623
318,258
Mexican Natlonal... Mar.
291,464
294,140
992,784 1,044,497
Jan. 1 to Mar. 3 1 ...
77,765
65,380
139,137
163,473
Minn. A St. Louis.a..Mar.
210,062
361,216
152,146
452,190
Jan. 1 to Mar. 3 1 ...
458,521
673,668
July 1 to Mar. 3 1 ... 1,529,950 1,221,495
41,427
45,289
230,204
251,916
N.Y. Ont.AWestfna.Mar.
95,123
100,561
642,033
671,026
Jan. 1 to Mar. 3 1 ...
553,055
469,599
July l t o Mar. 3 1 ... 2,344,876 2,068,798
65,832
111,738
348,427
333,939
Ohio A Mississippi, a Mar.
206,514
248,523
982,605
Jau. 1 to Mar. 3 1 ... 1,031,087
884,865
882,452
July 1 to Mar. 3 1 ... 3,318,898 3,162,103
60,180
33,505
108,471
149,310
St. Paul A Duluth.b.Mar.
161,971
77,354
294,310
401,490
Jan. 1 to Mar. 3 1 ...
608,185
429,674
July 1 to Mar. 3 1 ... 1,483,116 1,168,114
37,842
46,546
115,339
106,787
Toledo A O. Cent...bMar.
104,653
314,141
100,318
327,604
Jan. 1 to Mar. 3 1 ...
408,072
386,547
July 1 to Mar. 3 1 ... 1,168,203 1,151,459
273,451
291,573
W abash.b..................Mar. 1,134,705 1,023,339
701,294
717,451
Jan. 1 to Mar. 3 1 ... 3,350,715 2,962,822
July 1 to Mar. 3 1 ... 11,257,984 9,947,198 2,918,420 2,719,345
81,580
87,293
275,016
West.N.Y.APen.b... -Mar.. 266,628
231,459
227,156
808,766
782.681
Jan. 1 to Mar. 3 1 ..
881,421
849,151
July 1 to Mar. 31.. 2,750,287 2,695,721
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
a
Interest Charges and Surplus.—The following roads, in
W e have prepared a preliminary statement of the earnings addition to their gross and net earnings given above, also
for the month of April on the 51 roads which have thus far report charges for interest, & c., with the surplus or deficit
above or below those charges, .
furnished returns for that period and give the totals below. It
■Inter’ t, rentals,
e-Bal. o f Net Earn».1892.
1891.
1892.
1891.
w ill be seen that there is an increase o f $1,319,472, or 5’24
$
$
$
$
per cent.
20,323
22,781
23,942
22,961
Month o f April.
1892.
J891.
Increase. P,0.
Gross earnings (51 roads) $26,503,912 $25,184,440 $1.319,472 5*24
Our final statement for the third week
loads, and shows 1*37 per cent gain,
of
April
covers 88
Chic. A W. Mich.......Mar.
Jan. 1 to Mar, 3 1 ...
Jan. 1 to Mar. 3 1 ...
Wan C. Mem. A Bir.Mar.
July 1 to Mar. 8 1 ...
68,029
26,242
78,883
87,395
327,937
24,290
29,244
71,409
def.466
26,242 def.3,193
78,883 def.27,246 def. 13,336
35.672 def.25,784 def.30,971
320,090 df.103,407 def.96,372
760
TH E
CHRONICLE,
ANNUAL REPORTS.
8
EARNINGS AND BXPBN BS.
Average miles operated___
1888.
1,316
E a r n in g s from —
1889.
1,462
1890.
1,527
$
$
$
Passengers...........................1,321,512 1,420,376 1,436,318
Freight.................................4,244,648 4,683,291 4,702,143
Express, teleg’h & miscel’ s 208,171
233,558
287,233
Total earnings.............. 5,774,331
6,337,225 6,425,694
INCOMB ACCOUNT (ÜN1TBD STATUS CURRENCY.)
1891.
1888.
1889.
1890.
$
$
$
$
Net earnings, Ac............... .1,748,459 2,096,056 1,978,157 2.068.013
300,000
Net subsidy received....... . 474,922
812,912
601,127
Miscellaneous.. ................
17,953
1,273
22,542
R eceip ts—
Total net income.........2,224,654 2,981,510 2,597,237 2,368,013
D isbu rsem en ts—
Interest on coupon notes . 316,313
91,981
Interest on mortg. bonds. .1,357,717 1,767,595 2,406,114 2,321,180
Interest on debentures... . 250,000
180,067
28,467
39,374
Miscellaneous................... .
77,575
• 261
105,881
Total............................ .2,001,605 2,145,524 2,434,842 2,360,554
If 7,459
Balance........ ................ sr.223,049 sr.785,986 isrl62,395
t $270,059 was spent for equipment and improvements and $78,825
transferred to credit of “ equipment fund,” leaving $186,489 deficit
for year.
IT The balance to credit of incojne aocount December 31,1891, was
$503,328.
Lake Shore & Michigan Southern Railway.
(For the year ending December 31, 1891.^
The annual report states that nothing has been charged to
either the construction or equipment account since 1883. All
betterments during the eight years since that date have been
charged to operating expenses or income account. The funded
debt was reduced in 1891 to $44,442,000 by the purchase and
cancellation for the sinking fund of $250,000 in bonds secured
by the first mortgage.
The gross earnings fpi- 1891 from freight, passengers and all
other sources, were the largest since the organization of the
company, by consolidation, in 1869. They exceeded an aggre
gate of $21.000,000 for the first time.
The operating expenses including all taxes were in 1891
68‘27 per cent of earnings, against 68*15 per cent of earnings
in 1890. They include $1,016,367 expended for additional
second track, 43-35 miles, side-tracks 38-77 miles, changes of
grades and of line, and new and heavier iron bridges. They
also include $974,890 for new equipment purchased. This sub
stituted new large modern equipment for that worn out and
retired, and al-o increased it by 11 locomotives, 5 passenger
cars and 257 freight cars.
The comparative statistics for four years, compiled for the
Chronicle, are as follow s:
OPERATIONS AND FISCAL RESULTS.
1888.
1,342
1889.
1,410
1890.
1,445
1891.
1,445
Pass carr’d (No.) 4,051,704
4,413,592
5,019,595
5,809.295
Pass’ger mil-age. 210,107,098 222,555,555 225,265,137 246,944,673
Ratep.pass. p.m. 2-289 cts.
2-284 cts.
2-246 cts.
2-177 cts.
Fr’g’t(t’ns,m’ved 9,069,857
10,020,599
13,531,266
12,019,016
Fr’g’t(t’ns)mil’ge *1,799,104
*1,859,009
*2,156,677
*2,168,727
Av.r’tep .t’n.p.m 0-636 cts.
0 -664 cts.
0’ 626 cts.
0-628 cts.
E a rn in g s—
$
$
$
$
Passengers........ 4,810,148
5,082,480
5,060,023
5,376,509
Freight...........
11,629,174
12,545,810
13,759,122
13,893,639
Mail, exp. ,r’ i s &o 1,590,305
1,858,906
2,046,615
2,161,239
Tot.gross earn. 18,029,627
Oper. exp en ses -
Main.of way.&c.
Main.ofequipm’t
Transp.&niiscel.
T a x e s ................
19,487,196
20,865,760
1889.
$
507,645
3,245,015
53,350
1390.
$
^
564,419
3,225,725
53,350
1891».
$
557,154
3,204,370
53,350
Total dish’ts.
Surplus for div’d
Dividends..........
Rate of divid’ds.
3,828,283
3.110,865
2,473,325
(5 p. c )
3,806,010
3,216,275
2,473,325
(» p. c.)
3,843,494
3,300,544
2,967,990
6 p. c.)
3,814,874
3,439,460
2,967,990
(6 p. c.)
Surplus........
637,540
742,950
332,554
471,470
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
1888.
1889.
$
70,991,243
17,300.000
351,007
14,394,399
667,400
1,503,211
577,435
3,734,339
402,204
1890.
$
70,991,450
17,300,000
.351,008
14,853,048
667,400
1,504,949
663,349
3,412,756
772,686
L ia b ilities—
T o t a l........................3,418,838 3,511,827 4,001,170 4,679,788
(63'46>
P. c. of op. ex. to e a rn ....
(59-21)
(55-42
(62-27)
Net earnings (Mex.cur’oy).2,355,493 2,825,398 2,424,524 2,694,751
Net earnings (U.S. cur’ cy).1,748,458 2,096,056 1,978,157 2.068.013
O perations—
1888.
$
517,418
3,257,515
53,350
1891.
A ssets—
$
$
R’ir’d,b’ld’gs,&c. 70,048,600
70,991,450
Equipment_ _ 17,300,000
_
17,300,000
R.est.&oflicep’ iy
351,736
351,007
St’ks owned, cost 14,912,018
14,109,013
1891.
B’ds owned,cost.
664,400
- 667,400
1,665
A dvances.......... 1,801,268
1,530,321
$
634,545
879,118
1,470,941 Ma>ter’ls,fuel,&c. 3,267,013
Cash on h and...
3,367,705
5,625,669 Uncoirted earns.
403,959
1,165,642
277,929
Total assets. 109,383,539 109,921,238 110,516,645 110,361,656
7,374,539
955,049
Maintenance of w ay.......... 782,523
858,084
795,353
Motive power..............
1,416,426 1,401,397 1,685,831 1,967,837
319,925
Maintenance of cars.......... 218,103
228,451
299,491
Conducting transport’n ... 819,464
798,009
939,012 1,111,165
325,811
General................................ 182,321
225,935
281,483
Miles operated..
Rentals p a id ....
Interesl on debt.
Div’dsongu. s’k.
D isbu rsem en ts—
Mexican Central'Railway.
(For the year ending Dec. 31, 1891.J
The annual report of the directors, with remarks and tables
in some detail, will be found on a subsequent page. This com
pany, operating in a foreign state, is interesting in many par
ticulars, and not least so in its present necessity o f taking its
earnings in silver and then converting them into gold for the
payment of interest on its bonds.
The comparative statistics for several years, compiled in
the usual form for the Chronicle, are as follows :
[ V o l . LIV,
Stock.................. 50,000,000
Bonds (See S u p
p l e m e n t ) . . . . . 46,516,000
Dividends........ . 1,510,670
Other liabilities.
707,067
Profit and loss.. 10,649,802
50,000,000
50,000,000
50,000,000
46,266,000
1,510,670
751,815
11,392,753
46,016,000
2,005,335
848,099
11,647,211
45,766,000
1,758,002
1,225,144
11,612,510
Tot. liahilit’a.109,383,539 109,921,238 110,516,645 110,361,656
Michigan Central Railroad.
(For the year ending December 31, 1891.)
The annual report says of the funded debt that the $24,000
bonds of the Battle Creek & Sturgis Railway and $48,000 bonds
of the Bay City & Battle Creek Railway referred to in the
last annual report as held for the payment of additional ter
minal grounds, have been sold. Of the $1,530,000 8 per cent
Jackson Lansing & Saginaw consolidated mortgage bonds,
shown in the last report as outstanding, $15.000 were pur
chased and canceled; $91,000 were redeemed September 1,
1891; and the remainder of the issue, $1,424,000 was extended
for. ten years, at 5 per cent interest. Of the $860,000 6 per
per cent Jackson Lansing & Saginaw northern extension
bonds, $9,000 were redeemed September 1, 1891, and the re
mainder, $851,000, was extended for ten years at the rate of 5
per cent interest. The net reduction of pnnual interest pay
ments resulting from the above changes is $58,140.
The addition to construction account is for land purchased
for increased terminals, right of way and station grounds,
amounting to $151,822.
The freight traffic shows an increase in tons moved one
mile of 28,285,000, and in earnings of $565,000, the increase
being in both through and local traffic. The rate per ton per
mile shows an increase from 0-695 to 0-722, or 0*027. The
passenger traffic shows an increase o f 6,387,000 in passengers
moved one mile, and of nearly $90,000 in earnings. The rate
per passenger per mile shows a decrease from 2-276 to 2*249,
or 0-027. The operating expenses show an mcrease of $375,815.
The cost of all betterments and additions to the property,
except land purchased as above mentioned, is included in
this account.
The comparative statistics for four years, complied for the.
Chronicle, are as follows :
OPERATIONS AND FISCAL RESULTS.
Miles operated...... .
Operations—
1888.
1,537
1889.
1,540
1890.
1,609
1891.
1,609
Passengers carried.. 3,007,801
3,158,373
3.463.821
3,511,884
Passenger mileage.. 185,214,934 187,646,148 195,904,013 :202,290,934
Rate p. pass. p. mile. 2 *262 cts.
2*306 cts.
2-276 cts.
2-249 cts.
Fr’ght (tons) moved. 6,231,421
6,977,571
6,299,948
7,221,002
Fr’ght (tons) mileage *1,279,412 *1,203,120 *1,339,918 *1,368,203
Av. rate p. ton p. mile 0-694 cts.
0‘726 cts.
0"695 cts.
0-722 cts.
E a rn in g s—
$
$
$
$
Passenger................ 4,188,983
4,327,091
4,459,074 4,548,995
Freight..................... 8,883,446
8,736,963
9,311.290
9,876,307
Mail, express, & c,...
698,094
722,871
720,347
737,658
Total gross earn s.. 13,770,523 13,786,925 14,490,711 15,162,960
O perating exp en ses$
$
$
$
2,057,106
1,910,932
2,365,406
2,059,481
1,369,143
1,721,859
2,066,616
1,553,668
6,379,508
5,954,744
6,508,329
6,671,624
280,848
307,623
304,351
309,849
Maint’nce of way &c.
Maint. of equipment
Transport. & iniscel.
Taxes........................
Total oper. expen. 10,086,606
Net earnings............ 3,683,917
P. o. op. exp. to earns.
73-24
9,895,158 10,731,754 11,107,569
3,758,957
4,055,391
3,891,767
74-06
71-77
73-25-
* Three ciphers omitted.
INCOME ACCOUNT;
21,431,386
R eceipts—
1888.
$
3,683,917
55,276
1889.
$
3,891,767
46,666
1890,
$
3,758,957
57,493
1891.
$
4,055,391
58,628
2,500,494
1,460,753
6,866,901
482,223
2,775,565
2,473,982
7,103,488
494,417
3,162,158
2,82 7,341
7,735,079
495,902
3,205,746
2,681,248
8,232,502
513,179
Net earnings...........
Int. and dividends..
i
¡3............... 11,310,371
Net earnings___ 6,719,256
P.c.op.extoearn
62-73
12,847,452
6,639,744
65-93
14,220,481
6,645,279
68'15
14,632,675
6,798,711
68-27
Rentals paid.............
Interest on debt.......
Can. South’n share..
Miscellaneous..........
3,739,193
$
184,310
2,336,782
339,161
15,938
3,938,433
$
184,310
2,328,216
407,444
7,731
3,816,450
$
184,310
2,270,022
355,633
134,723
4,114,019
$
184,310
2,254,977
446,776
Total......................
Surplus for divid’ ds.
Dividends..................
Rate of dividend....
2,876,191
863,002
749,523
(4 p. o.)
2,927,701
1,010,732
936,910
(5 p. c )
2,944,688
871,762
936,910
(5 p. c.)
2,886,063
1,227,956
1,030,601
(5*2 p. c.>
Surplus,................
113,474
73,822 def. 65,148
*197,355
* Three ciphers omitted.
INCOME ACCOUNT,
1888.
1889. '
Net earnings___
Int., divid’ s, &e.
6,719,256
219,892
6,639,744
382,541
1890.
$
6,645,279
" 498,759
Total income
6,939,148
7,022,285
-7,144,038
R eceipts—
1891.
$
6,798,711
455,623
7,254,334
Total income_ _
_
D isbursem ents—
* Balance to credit of income-account Dec. 31,1891, was $2,296,747»
TH E
Ma y 7, 1892. J
BALANCE SHEET DEC.
A ssets—
31.
1890.
$
CHRONICLE.
1891,
$
Construction accounts................
.... 42,185,419
608,686
.... 1,091,208
Uncollected earnings.................
649,827
617,258
42,337,242
608,686
1,139,432
566,694
971,342
798,518
Total assets ..............................
. . . . 45,592,264
46,421,914
Income account........................ .
___ 18,738,204
. . . . 18,376,000
902,787
___
304,663
562,146
. . . . 6,708,464
18,738,204
18,376,000
1,461,474
284,579
655,837
6,905,820
Total liabilities.................. .
. . . . 45,592,264
46,421,914
L ia b ilities—
Capital s to c k .............................
Bonds (see S u p p l e m e n t ) ..........
Accounts payable..................... .
Accrued interest............. .
GENERAL INVESTMENT NEWS.
American Cotton Oil.—This company has declared a first
dividend of 3 per cent on its preferred stock, payable June 1 at
the banking house of Winslow, Lanier & Co., to stockholders
o f record on May 18. The following notice was issued :
(1.) That a dividend of three per centum out of the net profits of the
company has this day heen declared upon the outstanding preferred
stock of this company, payable on the 1st day of June, 1892, at the
office of Messrs. Winslow, Lanier A Co., bankers, No. 17 Nassau Street,
New York City, to holders of record of such preferred stock, at three
o’clock P. M. on the 18th day of May, 1892.
The preferred stock transfer books will be closed for this purpose
on the 18th day of May, 1892, at three o’clock P. M., and remain dosed
until the 2d day of June, 1892, at ten o’clock A. M.
(2.) That, deeming it for the best interests of the company that pro
vision be annually made for the retirement and cancellation of the
outstanding debenture bonds on or before the maturity thereof, No
vember 1, 1900, the company has appropriated for the current fiscal
year a sum sufficient to p a y off and redeem such bonds to the par value
o f two hundred and ten thousand dollars ($210,000) dollars, on or
before July 1 , 1 8 9 2 , of which due notice will be given by publication.
(3.) That the capital stook of the oompany, as originally authorized,
has been reduced by the retirement and cancellation of the following
amounts, viz.:
_ ___ „ „ „ „
Preferred stock............................................. .
$437,700 00
Common stock......................................................
854,900 00
Total........ ............................ .......................... $1,292,600 00
thus leaving the amount of the capital stock outstanding, as set forth
in the last annual report of the company.
.;< ■ .
■
R. F. MUNRO, Secretary.
American Sugar Co.—A t Philadelphia, May 2, a bill in
equity was filed in the United States Circuit Court against the
different companies and stockholders constituting the Sugar
Trust by United States District Attorney Ingham, acting un
der instructions from the Department of Justice at Washing
ton, under the Sherman Anti-Trust law. The action is
brought on the part of the.United States against the E. C.
Knight Company, the Spreckels Sugar Refining Company, the
Franklin Sugar Refining Company and the Delaware Sugar
House, all incorporated under the laws of Pennsylvania, and
having their principal places of business in the city of Phila
delphia, the individuals composing these firms, the American
Sugar Refining Company of New Jersey, and JohD E. Searles,
Jr., of New York. It seeks to prevent the carrying out of the
sale o f the above-mentioned Philadelphia companies to the
American Sugar Refining Company under the terms of the
agreement of March 4,1892. The court is asked to declare
the agreements void, and issue an injunction restraining the
parties from carrying them into effect.
B rooklyn Elevated.—After protracted litigation the annual
election for directors of the Brooklyn Elevated Railroad Com
pany was held this week, A majority of the stock was repre
sented in person or by proxy, and votes were cast for 67,000
shares. No objection was made to the voting of the stock of
which Anthony Barrett is trustee, and it was cast for the suc
cessful ticket. The directors elected were as follows: Louis
Adler, Anthony Barrett, Abram J. Hardenbergh, Adolf Ladenburg, Leonard Lewieohn, Edward J. Richards, Simon
Rothschild, Jacob Scholle, William H. Sidney, William
Strauss, Simon Uhlmann and George W . Wingate.
Buffalo Rochester & Pittsburg.—The report for March
and the nine months shows the following:
r—
Quar.end, Mch.31
1891.
1892.
Gross earnings.............. $585,146 $683,827
Operating expenses___ 456,309
509,280
,—9 mos. end. Mch. 31.—.
1890-91.
1891-92,
$1,799,792 $2,166,056
1,354,425
1,515,843
Net earnings........... $128,837 $174,547
Other income................
5,027
13,468
$445,367
16,811
$650,213
24,876
Total.......... ............. $133,864 $188,015
*Int., rentals, taxes,&c. 170,559
187,198
$462,178
512,251
$675,089
544,978
Balance...............def.$36,695
sur.$817
def.$50,073 sr.$ 1 3 0 ,lll
* Includes interest on floating debt and also extraordinary expenses.
Called Bonds.—The following bonds have been called for
payment:
S u n b u r y H a zl e t o n & W il k e s b a r r e R a i l w a y . —Nineteen
bonds, Series “ A ,” Nos. 107, 225, 278, 823, 355, 572, for $1,000
each; 646, 711, 754, 815, 818, 932, for $500 each; 1,256, 1,291,
1,681, 1,846, 2,005, 2,057, 2,198, for $100 each, in all amounting
to $9,700, will be paid at par and accrued interest on May 31
by the Fidelity Insurance Trust & Safe Deposit Go.
Chesapeake & Ohio.—This company gives notice to the
first mortgage bondholders of the Elizabethtown Lexington
& Big Sandy Railroad Company that, pursuant to the settle
ment made with their committee, all who have not yet de
761
posited their bonds are notified to deposit same with Drexel,
Morgan & Co. on or before May 18, 1892, on the basis of the
modified arrangement set forth in the company’s circular of
May 4,1892. After that date deposits, if received at all,
w ill be subject to such penalties as may be prescribed. Bond
holders who deposited under the company’s circular of Feb,
I , 1892, and desire to accept the modified terms agreed on
with said committee, may arrange to do so at the office of
Drexel, Morgan & Co.
Chicago & Western Indiana.—The recent application of
this company to list $617,000 more bonds, Nos. 10,884 to
II, 500 inclusive, of $1,000 each, issued under the same mort
gage deed as the others, stated that these bonds are issued
under the power and authority granted in the eighth article
of the mortgage deed of December 1, 1882, to Anthony J.
Thomas and Charles Edward Tracy, Trustees. These $617,000 bonds are issued only for the purposes stipulated in the
second proviso of said Article Eighth ; satisfactory evidence to
that effect has been given to the trustees. The sinking fund,
as required under Article Third of the mortgage deed, has
been provided for in these leases.
The following supplemental leases approved by the trustees
have been assigned to them in accordance with the terms of
.....................
the mortgage deed:
Chicago & Eastern Illinois Railroad Company:
Rental, excess of rental and sinking fund, per annum........$15,194
Wabash Railroad Company:
Rental, excess of rental and sinking fund, per annum............ 5,896
The Bell Railway Company of Chicago:
Rental, excess of rental and sinking fund, per annum............ 78,614
$99,705
These leases, rentals, excess of rentals and sinking fund pro
vide for the issue of $1,269,000 bonds, to w i t :
6 per cent interest on $1,269,000................................ .......... $76,140
20 per cent exoess............................................................................ 15,228
Sinking f u n d .................................................................................
8,337
Total.
$99,705
The following is a statement of the amount of these bonds
listed and outstanding :
Total amount listed, Nos. 1 to 11,500, $1,000 e a c h .. . . . . . . . $11,500,000
Held in reserve for first mortgage bonds............$2,500,000
Bought by one of the tenant companies (Grand
Trunk RR.) and paid over to the trustees in
settlement of two of its leases *.....................
1,603,333
Listed and outstanding............................. ............................ $7,396,666
* These bonds were canceled and destroyed by fire by the trustees
excepting bond 6,451, which has “ one-third paid” stamped across the
face of the bond and of each coupon. (See letter of Deo. 15, 1 8 8 4 copy enclosed.)
General E lectric—Edison General E lectric—ThomsonHouston E lectric.—At Albany, May 2, the General Electric
Company, which was incorporated by a recent act of the
State Legislature to manufacture electrical apparatus and
appliances, and to put in electric plants, paid into the State
Treasury a tax of $10,000 on the capital of $100,000 with
which the company began business. A t the same time a cer
tificate was filed with the Secretary of State showing that
the capital of the company has been increased from $100,000
to $50,000,000, on which the company also paid a tax of
$25,000. This payment of its incorporation tax by the General
Electric Co., under the law which was passed for its special
benefit, and the announcement of its increase of capital, settles
the question as to its incorporation in this State.
The General Electric Co. is the corporation which is to suc
ceed the Edison General Electric Co. and the Thomson-Houston
Electric Company. It is expected that the formal organiza
tion will take place within a week or two. It has been under
stood that H. McK. Twombly would be the President of the
company, and E. A. Coffin of Boston the Vice-President and
General Manager.
Kansas City W atkins & G u lf—This road has been com
pleted to Alexandria, La., and is now in operation through
from Lake Charles, a distance of 98 miles. At Alexandria
connection is made east and west with the Texas & Pacific
and for points north with the Houston Central Arkansas &
Northern RR. The K. C. W . & G. gives railroad facilities to a
large section of country in Southern Louisiana which is rapidly
developing. The section produces rice, sugar cane, oranges,
lemons, etc., and a good class of Northern people is settling
along the line of the road. During this year the road will
be extended south about thirty miles to Calcasieu Pass on the
Gulf of Mexico, where an excellent harbor is now being im
proved by the United States Government. A map of the road
may be found in the I n v e s t o r s ’ S u p p l e m e n t .
Lehigli Talley—N. T. Lake Erie & W est.—The ten-year
traffic arrangement between the Lehigh Valley and the Erie,
by which the former has made use of the tracks of the Erie
from Waverly, N, Y ., to Buffalo, a distance of 167 miles, has
expired and has been succeeded by a temporary agreement
by which the Lehigh Valley will continue on the Erie tracks
until July 1.
M obile & Ohio.—An Associated Press dispatch from Mobile,
Ala., May 5, said: “ In the Chancery Court to-day, argument
being concluded on all issues in the case of Nicholas et al. vs.
The Mobile & Ohio Railway Co., Chancellor Taylor decided
in favor of complainants and fixed the appeal bond at $10,000,
The-decree states that the stockholders, the complainants, are
entitled to relief, that the present managers of the road are
not entitled to possession, and that the road must pass from
the, control of the Farmers’ Loan & Trust Company of New
TH E
762
CHRONICLE.
York, which is now running it, back into the hands of the
stockholders represented by D. J. Mackey and others, com
plainants in the original bill. The road will remain in statu
quo pending an appeal to the Supreme Court, and if the Chan
cellor’s decision is affirmed the directory of stockholders
elected here on Feb. 17 will take charge.”
-^Private advices from counsel for the company are to the
effect that the Chancellor’s decision is not on the original bill
and not on the merits o f the case, but that he dism isles the
cross bill filed by the company and permits an appeal from
that order. Further advices seem to be necessary to make
clear the precise scope o f the Chancellor’s decision.
Massachusetts Railroads.—The following roads have re
ported to the Railroad Commissioners for the quarter ending
March 31 :
BOSTON & ALBANY.
r-Quar. end. Mar. 31.— /— mos. ettd.Mar.31-~.
N
9
1891.
1892.
1890-91.
1891-92.
$
$
$
$
Gross e a r n in g s .........2,121,928 2,321,454
6,865,444 7,320,030
Operating expenses___1,533,443
1,417,186 4,582,626 5,308,849
Net earnings............ 588,485
Int.,rentals & taxes... 211,228
Reading Company owns the whole or a majority of the capi
tal stock of the Port Reading Company. On the contrary, it
avers that the entire stock of that company is held by a con
struction company, and that the lease is fully authorized by
the laws of New Jersey, where the respective parties thereto
are situated.
P ort Reading.—This company, which leases the Central of
New Jersey, has elected tjie following directors : A. A. Mc
Leod, I. A. Sweigard, W . R. Taylor, D. Jones, R. S. Davis, John
Walker, Jr., Nathan Francis, Samuel Garwood, R. S Baymore, H. C. Felton, C. H. Davis,. Albert Foster and John
Hood.
................................
Richmond & Danville —For the R, & D. system and its
branches the following figures for nine months ending March
31 are reported:
_
.
1891.
Gross ea rn in g s.............................
$10,612.983
Operating expenses................................. 6,862,545
1892.
$10,474,216
6,433,246
Net earnings.............................................. $3,750,438
Fixed charges........................................ 3,316,s74
$4,040,970
3,527,151
2,282,818
1,142,382
2,011,181
1,096,003
-Quar. end. Mar.31.1891.
1892.
$
Gross earnings........... .1,750,265 1,821,667
Operating expenses... .1,432,439 1,625,478
Richmond & West P oint Terminal.—The Olcott Reorgan
1,140,436
915,178 ization Committee met on May 6 at the offices of the Central
Trust Co. The only member of the committee not present was
Col. O. H. Payne, who is in Europe. Secretary George S.
-9 mos. end. Mar.31.1891-92.
1890-91.
Ellis made the following report to the committee of the
$
amount of the various securities deposited up to date under the
6,443,486 plan of reorganization :
6,271,570
4,559,962 4,888,146
Net earnings.......... . 817,826
Other income...............
21,318
196,189
279,695
1,711,608
92,575
1,555,340
485,344
Total........................ . 839,144
Int., rentals and taxes. . 433,483
475,884
436,230
1,804,183
1,282,466
2,040,684
1,308,725
def.94,339 sur.39,654
521,717
731.959
Surplus.................... 377,257
904,268
150,718
|Vo l LIV.
753,550
OLD COLONY.
Surplus.............. ....................... . . . . . ........
$433,564
$513,819
Riohmond Terminal—Common stock.................................... $60,775,400
“
“
Preferred stock...........................
3,759,300
ra
“
Collateral Trust 5s.............................
7,828.000
“
“
“
“ 6s............................
2,206,000
T,
.......v ........................... ..................................... $74,568,700
JE T. Ya. & Ga,—First preferred......................
.
$881,100
“
*
*
Second preferred.................... 6,076,000
“
“
Common stock......................... 12,501,900 $19,359,000
BOSTON & H AIN S.
Other stocks not guaranteed..................................................
574,500
<
—Quar. end. Mch. 31.— r-Six rfaos. end. Mch. 31.— Guaranteed stockB and underlying bonds........................ . .
,
7,578,200
1891.
1892.
1890-91.
1891-92.
"
“
with other depositaries..........................
828,000
$
2,486,000
Letters pledging deposits under conditions........................
$
$
$
Gross earnings......... ___ 2,185,527 3,365,417
5, «65,028 7,271,993
Operating expenses. .... 1,292,179 2,302,077
3,846,518 4,874,981
Total.................................................................................... $100,394,400
Balance............
Net earnings....... . . . .
Other income............ . . . .
893,348 1,063,340
147,960
159,605
2,118,510 2,397,012
228,792
239,151
Total.................... ....1,041,308 1,222,945
Int., taxes and renta Is
971;050
971,541
2,347,302 2,636,168
1,929,553 1,942,320
Surplus................ . . . .
70,258
251,404
417,749
693,848
FITCHBURG.
Quar end. Mar- 31.—
,
1891.
1892.
Gross earnings......... ..1,614,539
Operating expenses.. ..1,288,764
-— mot. end. Mar. 31.—
9
,
1890-91.
1891-92.
1,675,154
1,220,668
l ,355/739
5
3,813,425
5,490,621
3,762,254
325,775
11,609
454,486
12,836
1,542.314
11,609
1,728,367
12,836
T ota l.................... .. 337,384
Int., rentals A taxes.
347,824
467,322
366,957
1,553,928
1,049,536
1,741,203
1,081,911
Net earnings.......... ..
Other income............ ..
Balance ............... def.10,440 sur. 100,365 snr.504,392 sur.659,292
CONNECTICUT RIVER.
-—Quar. end. Mar. 31.—
,
1891.
1892.
/-9 mos. end. Mar.31.—
1890-91.
1891-92.
Gross earnings.......... 245,418
Operating expenses.. 142,256
250,387
149,380
849,786
497,613
853,936
491,400
Net earnings.......
Other income............
106,007
12,356
352,173
35,103
362,536
32^789
118,363
39,449
387,276
85,737
The Reorganization Committee gives notice that deposits of
securities of the Richmond Terminal system, under the terms
previously advertised, will be received by the Central Trust
Company up to and including May 16, 1892. No penalty will
attach until that date to deposits of underlying bonds and
guaranteed stocks.
Rio nrande Western.—At a meeting of the preferred and
common stock holders of the Rio Grande Western in Sals Lake
City, it was voted to increase the common stock by 25,000 shares,
making a total authorization of 100,000 shares, and to ratify
the action of the Board of Directors by agreeing to purchase
$2,500,000 in par value of the bonds and stock of the Tintic
Range Railway, making payment for the same with the 25,000
shares of common stock so authorized. This action absorbs
the Tintic Range Railway into the Rio Grande Western.
St. Louis Iron Mountain & Southern.—A special meeting
of the stockholders has been called at St. Louis, May 27, for
the purpose of acting upon the proposed purchase of the Cam
den & Alexandria. This road is in operation from Camden,
Ark.’, to Eldorado, Ark., a distance of 32 miles, and projected
from the latter point to a connection with the Houston Central
Arkansas & Northern, the latter a recently-constructed road
belonging to the Missouri Pacific system. * Iron Mountain fives
will be used to pay for the proposed acquisition.
395,325
89,741
103,162
12,278
Sherman Anti-Trust Law o f 1890.—Under this law the
Cattle Feeding & Distilling Company’s officials were indicted
and the American Sugar Refining Company has been sued.
Balance, surplus.
86,718
78,914
301,539
305,584 The text of the law, which was approved July 2, 1890, is as
Mexican National.—The comparative statement of earn- follow s:
An Act to protect trade and commeroe against unlawful restraints
tags and expenses for March is as follows :
T o ta l....................
Int., rentals A taxes..
115,440
28,722
and monopolies.
—Jan.’ l to .March 31—
,
Be it enacted by the Senate and House of Representatives of the
1891.
1892.
United States of America in Congress assembled.
$1,044,496
$992,783
Section 1.—Every oontraot, combination in theform of trust or other
750,356
' 701,319 wise, or conspiracy, in restraint of trade or commerce among the
several States, or with foreign nations, is hereby declared to be illegal.
B alance.................... $98,640 $107,119
$294,140
$291,464 Every person who shall m ke any such contract or engage in any
Other expenditures.. $44,991
$29,982
$134,975
$88 244 such combination or conspiracy, shall be deemed guilty of a mis
Net earn’gs applicable
’
demeanor, and, on conviction thereof, shall be punished by fine not
to interest on bonds. $53,648
$77,137
$159,164
$203,220 exceeding five thousand dollars, or by imprisonment not exceeding
the discretion of
Minneapolis a St. Louis.—The widely-reported announce one year, or by both said punishments, in monopolize, or the oourt.to
Section 2.—Every person who shall
attempt
ment that additional coupons had been ordered paid appears monoplize, or combine or conspire with any other person or persons, to
to be premature. The applications by the trustees for pay monopolize any part of the trade or commerce among the several
States, or with foreign nations, shall be deemed guilty of a misde
ments are still pending.
meanor, and, on conviction thereof, shall be punished by fine not ex
Philadelphia & Reading.—In the suit of Attorney General ceeding five thousand dollars, or by imprisonment not exceeding One
Hensel of Pennsylvania, the Philadelphia & Reading Rail year, or by both said punishments, in the discretion of the court.
Section 3.—Every
ation
trust or other
road Company,has submitted a separate answer and demurrer wise, or conspiracy, contract combitrade orin form of in any teiritory
in restraint of
commerce
getting forth in detail all the railroads and branches owned of the United States or of the District <>f Columbia, or in restraint of
or controlled by it in Pennsylvania, and also the roads and trade or commerce between any such territory and another, or between
any such territory or territories and
State or States or the
branches owned or controlled by the Lehigh Valley Railroad of Columbia, or with foreign nations,anybetween the District ofDistrict
or
Colum
Company, and denying that these two systems are parallel bia and any State or States or foreign nations i hereby declaredillegal.
and competing within the meaning of the Constitution Every person who shall make any such contract or engage in any such
o f Pennsylvania. The leasing of the Lehigh Valley lines by combination or conspiracy, shall be deemed guilty of a misdemeanor,
and, on conviction thereof, shall be punished by fine not exceeding
the Reading is admitted, but the answer claims that the agree thousand dollars, or by imprisonment not exceeding one year, or five
by
ment was distinctly authorized by the charters of the two both said punishments, in the discretion of the Oourt.
Section 4.—The several circuit courts of the United States are hereby
companies, and that it is not in any way in conflict with the
invested with jurisdiction to prevent and restrain violations of this
Constitution and laws of Pennsylvania.
act; and it shall be the duty of the several district attorneys of the
The answer admits that the Port Reading Railroad Com United States, in their respective districts, under the direction of the
i t y , a corporation of New Jersey, has leased the Central Attorney General, to institute proceedings in equity t' >prevent and re
Railroad of New Jersey, but denies that the Philadelphia & strain such violations. Suoh proceedings may be by way of petition
setting forth the ease and praying that such violation shall be enjoined
/----------March--------- s
1891.
1892.
Gross earnings........ . $360,623 $34*,257
Ord. oper. expenses. . 261,982
241,137
TH E
Ma y 7, 1892. J
CHItONICLE.
or otherwise prohibited. When the partie« complained o f shall have
been duly notified o f such petition, the court shall proceed, as soon as
may he, to the hearing and determination of the case; and pending
such petition and before final decree the court may at any time make
auOh temporary restraining order or prohibition as shall be deemed
just in the premises.
Section 5,—Whenever it shall appear to the court before which any
proceeding under section four of this act may be pending that the ends
o f justice require that other parties should be brought before the
court, the court may cause them to be summoned, whether they reside
in the district in which the court is held or not, and subpoenas to that
©nd may be served in any distiict by the Marshal thereof.
Section 6.—Any property owned under any contract or by any com
bination, or pursuant to any conspiracy (and being the subject thereof)
mentioned in seotion one of this act, and being in. the course of trans
portation from one State to another, or to a foreign country, shall be
forfeited to the United States, and may be seized and condemned by
like proceedings as those provided by law for the forfeiture, seizure
hnd condemnation of property into the United States contrary to law.
Section 7.--Any person who shall be injured in his business or
property by any other person or corporation by reason of anything for
bidden or declared to be unlawful by this act may sue there for in any
Circuit Court of the United States In the district in which the defend
ant resides or is found, without respect to the amount in controversy,
and shall recover three fold the damages by him sustained, and the
Costs of suit, including a reasonable attorney's fee.
Section 8.—That the word “ person,” or “ persons,” wherever used in
this act, shall be deemed to include corporations and associations exist
ing under or authorized by the laws of either the United States, the
laws o f any of the Territories, the laws of any State, or the laws of any
foreign country.
Approved July 2,1890.
Toledo Ann Arbor A North Michigan—Frankfort A
Southeastern.—The Toledo Ann Arbor & North Michigan
Railway Company has purchased the Frankfort & South
eastern, giving it an outlet to Lake Michigan, whence its new
car transports will run to Kewaunee, Wis. The road is the
recently-completed extension of 23 miles from the terminus
of the Toledo Ann Arbor & North Michigan at Copemist to
thé lake. It has been operated under lease, but the stock and
bonds have now been acquired and will be held in the com
pany’s treasury. There will be no issue of securities on ac
count of this purchase.
Westinghouse E lectric A Manufacturing Co.—The recent
application of this company for listing its stock on the New
York Stock Exchange had the following statement:
First preference stoolc, carrying cnmulstive dividends of
7 per cent per annum, with right to participate equally
with other stock after the same shall nave received 7 per
cent, and preferential as to prin cip a l...,.........»............... $4,000,000
Assenting stock.......................................................................... 5,727,450
Total...................................... ................................................. $9,727,450
Thè ospitai stock o f the conapaiy is .................................... . $10,000,000
Of whioh there is preferred and assenting stock..................
9,727,450
And oominon stock (outstanding).....................................
272,550
Total.......... ..................... ........................... $10,000,000
_The Westinghouwe Electric & Manufacturing Company car
ries on the manufacture and sale of machinery and appliances
for the generation, transmission and utilization of electricity,
under a charter granted by the State of Pennsylvania, a copy
of which is herewith submitted, marked “ A .”
The company owns a valuable factory plant in the city of
Pittsburg, Pa., on real estate (free and unencumbered), em
ploying about 1,000 men in its various departments.
The company operates, under lease agreements, the factories
of the United States Electric Lighting Company at Newark,
N. J,, and the factory of the Consolidated Electric Light Com
pany in West Twenty-third Street, New York City, in the
name of the Sawyer-Mann Electric Company, employing in
both of these factories an average of some 800 employes.
Under a reorganization of the company, consummated in
the latter part of 1891, the stockholders of the above-men
tioned companies were - allowed to exchange their stock for
stock in the Westiughouse Electric & Manufacturing Com
pany, and 14J524 shares o f the United States Electric Lighting
Company (out of a total of 15,000), and 23,771 shares of the
Consolidated Electric Light Company (out of a total of 24,204)
availed ti emselves of this privilege to date.
B a l a n c e S h e e t F eb . 29. 1892.
Assets.
Cash in banks_____
$87,460
Bills receivable...........
185,590
Accounts receivable.. 1,253,774
Material in stock (at
cost)............................
445,322
Advances to leased
com panies............... 1,311,367
Btooks and bonds....... 3,858,516
Beal estate and b’ld’gs
412,810
Machinery and tools..
450,233
Miscellaneous..............
176,902
Charters, franchises,
patents, etc.............. 4,340,717
Liabilities.
Accounts p a y a b le.....
$199,694
476,342
Bills payable...............
Sundries................
24,161
Contract and Contingent Liabilities
Scrip dividend, due
September, 1900___
194,362
Stock subscription, to
be paid in stock.......
79,150
U. S. E. L Co. 6 per
cent 15-year bonds.
650,000
Capital Stock Liabilities.
Prsf’d stock—70,916
shares....................... $3,545,828
Assent’g stock, 97,764
shares........................ 4,888,196
Common stock, 6,023
301,150
In Treasury, 25,297
shares........................
Surplus..................
Total...........
.$12,528,697
2,169,813
$12,528,697
Directors for the years 1891—
1892 : Brayton Ives, Chairman
o f the Board, Charles Francis Adams, Lemuel Bannister,
August Belmont, A. M. Byers, Charles Fairchild, Marcellua
Hartley, G. W . Hebard, Henry B. Hyde and George Westinghouse, Jr.
Executive Officers: President, George Westinghouse, J r .;
Vice-Presidents, Lemuel Bannister, George W . Hebard; Treas
urer, P. F. Kobbe.
The offices of the company are in Pittsburg, Pa., and at
120 Broadway, New York City.
\
763
an a
¡B t t t n m z u t s .
MEXICAN CENTRAL RAILWAY COMPANY,
LIMITED.
TWELFTH ANNUAL «EPOBT—IfOR THE YEAR END
ING DECEMBER 3 , 1891.
B o sto n , April 27, 1892,
To the Stockholders o f the M exican Central R ailw ay C o .,
L im ited :
Since the last annual meeting we have constructed a line
from our station at Tula, on the main line fifty miles north of
the City of Mexico, to the City of Pachuca, a distance of 43*6
miles, the last rail having been laid on the 27th of February,
This line is built under a concession granted by the Mexican
Government, dated December 20th, 1889, which gives to the
Company the right to build from Tula through Pachuca to
Tampico, or to a connection with our present Tampico Divi
sion.
On the line beyond Pachuca the Company is to receive
$8,000 per kilometer in five per cent bonds o f the Mexican
Government, as a subvention.
Pachuca is one of the largest mining centres in the Repub
lic, and it is expected that the traffic in ores, coal, coke, salt,
timber and general merchandise will be of great value to the
Company, and from which we should obtain considerable
revenue.
The right to build to Tampico is a very valuable one, not
only from the fact that the local business on the line should
be profitable, but that the line when constructed will be but
little longer than the other lines running from the Gulf Coast
to the City of Mexico. Its grades will be low and it will en
able us to compete successfully for our full share of the foreign
business of the country, our present line from Tampico giving
us access to the northern part of the country and the new line
to the central and southern part.
The work upon the jetties at the mouth of the Panuco River
at Tampico has progressed in a most satisfactory manner. The
structures have been brought above the surface of the water,
on the south to its full length, and on the north nearly to its
full length of 7,000 feet.
There still remains considerable work to be done in solid
ifying the various parts and in surfacing up the sides which
are exposed to the beating of the sea.
The original plan was to lay along the top of the jetties
large concrete blocks as a protection against the beating of
the waves, but further investigation has shown that this can
be better obtained, by laying along the greater part of the
north slope of the North jetty and the more exposed portions
of the north slope of the South jetty, large pieces of rook
closely together, forming a paving or surfacing strong and
smooth, and offering the least resistance to the waves.
It is expected that the work done in this way will not only
be more satisfactory and lasting, but also much cheaper than
the original method proposed.
The work has been conducted, everything considered, in a
most thorough and economical manner, with commendable
expedition and with comparatively little loss. The work suf
fered no material damage during its construction until No
vember of last year, when the heavy seas of an unusually
severe Norther beat down a part of about 600 feet of the end
of the North jetty, which had not been built sufficiently long
to have become solidified and settled into permanent shape.
Since then other Northers have done some damage, but not to
any serious extent. This has caused slight delay in the work
of construction, but we do not think it has retarded the nat
ural action of the river and currents in deepening the bar.
The cost of repairing this damage will not be large, and con
sidering the difficulties and natural conditions which had
to be met and overcome, we think we may well congratulate
ourselves that our damage from the force of the winds and
the waves has not been greater.
In the construction of the jetties the structure does not of
necessity become compact and solid at once, and as a result a
material part of the water coming down the river does not
flow the whole way to the end, but oozes out through the
crevices, and we lose its benefit in scouring the bottom. The
action of the sea in washing up the sand upon the outside of
the jetties, and the sediment held in suspension in the river
water as it comes down after the heavy rains in the interior, will
however fill up the crevices left between the mattresses and
stone, and probably by the end of the next rainy season the
whole length of the jetties will be practically a solid mass,
impervious to water, and we shall then retain the full force of
the river’s flow.
The results from this work so far have been eminently satis
factory, and one of the forces which we expected would be of
damage to us has proved a great benefit. The Northers which
we had anticipated would again throw up a bar at the mouth
of the jetties, have on the contrary acted to wash away the bar
that had existed; and while we did not expect any important
results until the river had risen by reason of the flow of water
during the rainy season (which usually commences about the
present time), the action of these Northers, coupled with the
ordinary flow of the river, has been such that we now have a
764
TH E
CH RONICLE
depth in the shoalest part of the channel between the jetties
of. 18*2 feet.
On the 6th day of January 1892 the steamer Beechdene,
drawing 13*9 feet of water, crossed the bar, and discharged
her cargo just within the mouth of the river. On the 25th of
January the steamer Yumuri of the New York and Cuba Mail
Steamship Company, from New York, crossed the baf and
went up to the City of Tampico and discharged her cargo des
tined for that port. These were the first steamers o f any size
that had ever entered the river. Since that time from three
to seven steamers a week, the largest drawing 17 feet, have
entered the river and delivered their cargoes at Tampico with
out lightering.
The Company owns all the land on the north bank of the
Panuqo River from its mouth, where the jetties begin, up
towards the city for a distance of nearly four miles. This
gives us a water front of sufficient length to provide ample
terminals for any possible development that may come, and
facilities which are rarely held in the control of one company.
Our wharves, docks, etc., are being established at a point
about three and one-half miles up the river, where sufficient
depth of water is secured by building only a very short dis
tance out from the shore. The adjacent land is high and well
located, and easily accessible from our tracks.
This location and these facilities when completed will ena
ble us to handle all business which may come to us in the
most expeditious and economical manner.
W ith all these facilities and improvements we should ob
tain a large proportion of the foreign business of the Repub
lic. While the distance by our present line is considerably
longer than that of the other existing lines from the Coast to
the City of Mexico, the facilities we are able to offer vessels,
by which they can discharge their cargoes in much less time
and with very much greater economy than at Vera Cruz, will
enable us to compete successfully with the lines from that
port for through business to the City of Mexico. Of course
these facilities give us very superior advantages for handling
the importing and exporting business to and from points on
our own line, and for the distribution of the same from these
points, and we are already handling much of this business
that heretofore went to Vera Cruz.
The opening of this harbor also enables us to secure coal
from all the fields tributary to the Atlantic and Gulf Coasts
for our own fuel and the development of the industries of the
country, at materially less prices than have been possible
heretofore.
The action of the Treasury Department o f the United States
in raising the duty on lead ores, which was thought by some
as likely to seriously interfere with the ore traffic of the Com
pany, has on the contrary been of great benefit to it by rea
son of the fact that parties who had large smelting interests
in the United States and were buying these ores, on finding
that they could not bring them into the United States with
profit, have gone into Mexico and established large smelting
works there, with the result that instead of having only the
haul on the ore to the frontier, the Company secures not only
the haul on the ore to the smelters in the country at better
than the through rates, but has also the bullion traffic, and
the hauling of coal, coke, construction material and all other
supplies for the smelters, which it would not have had if the
ore traffic had been confined to its old limits.
A large and very complete smelter has been erected at San
Luis Potosi, and is now in successful operation, which will in
sure to our Company a large traffic.
The present completed mileage of the Company is as fol
lows :
1,224-16
City o i Mexico to El Paso.................................................. .
6-50
Stone Quarry Branch.................................................................. .
Guanajuato Branch........................................................................
11-34
Guadalajara Division..... ...............................................................
160 99
San Bias Division..................................................................
16-60
San Luis Division :
Chicalote to San Luis Potosi....................................................... 130-70
Tampico Division :
San Luis Potosi to Tampioo....................................... ............. 275'82
Bar Extension : '
■
Tampico to La Barra...................................................................
5-90
Pachuca Division :
43*60
Tula to Pachuca.................................................
Total..................................... .-.................................................. 1,875*61
The Tampico Division from San Luis Potosi to Tampico was
put into operation for income account on the first day of July,
1891, and since that date the earnings and expenses of that
part of the line have been included with the earnings and ex
penses of the old line as reported, so that for the last half of
the year the mileage in operation was 275-82 miles greater
than that for 1890.
The iie renewals for the year were 413,764, making a total
renewal from 1883 to 1891, inclusive, of 2,601,854 ties.
The earnings and expenses for 1891, as compared with 1890,
were as follows, in Mexican currency :
1891.
Gross Earnings.............$7,374,538 02
Operating Expenses... 4,679,787 79
1890.
$6,425,694 08
4,001,170 47
Increase.
$948,843 94
678,617 32
Net Earnings-........ $2,694,750 23
$2,424,523 61
$270,226 62
The addition of the 275-82 miles of the Tampico Division
served to increase the mileage without any corresponding
benefit to the net earnings, inasmuch as the cost of operation
o f the Tampico Division for the six months ending December
81 exceeded the receipts upon that Division.
Yo*. LTV.
DETAILS OF GROSS EARNINGS.
D t tr c c u t
Classification—
1891.
1890.
Increas*.
Freight.........$5,625,668
51 $4,702,142 48 $923,526 03
Passenger.... 1,470,940
51 1,436,317 68 34,622 83
Extra Baggage...
"¿8,870 56
27,867 9©
502 66
121,715
76
144,21118
.......... $22,495 42
Express........
Telegraph.............
40,846 61
45,069
28
..................
4,222 67
M iscellaneous....
86,996 07
70,085
56
16,910 51
Totals............. $7,374,538 02 $6,425,694 08 $948,843 94
Included in the above figures for freight are earnings on
Construction Material as follows :
1891................................................$431,797 67
1890.................................................. $303,019 86
The percentages o f International and Local Business to the
entire gross earnings were as follows :
International.
1891.
Including Construction F reigh t...... 28-5
Excluding
“
“
. . . . . . 26-4
1890.
27-6
24-2
Local.
1891.
71-5
73-8
1890.
72-4
75-8
Condensed and classified statement of Expenses showing
relation to Gross Earnings.
Amounts.
1891.
Maintenanc of Way........ $955,049 20
Motive P o w e r................ 1,967,837 36
319,924 96
Maintenance of Cars.......
Conduot’g Transportat’n 1,111,165 06
General Expenses........ .
325,8112-1
1890.
$795,353 04
1,685,83127
299,49135
939,01151
281,483 30
Totals................ ........ $4,679,787 79
$4,001,170 47
P. c. o f Grots
Earnings.
1891. 1890.
12-95 12-38
26 68 26-24
4 34
4-66
15*07 14-61
4-42
4-38
63-46
62-27
STATISTICS OF EARNINGS AND EXPENSE3.
Increase
1890.
1891.
137-96
1,527-20
Average Miles Road o p e r a te d ....... 1,665-11
$221 30
$4,207 50
Gross Earnings per Mile....................$4,428 86
190 51
2,619 94
Operating Expenses per Mile............ 2,810 50
30 86
1,587 56
Net Earnings per Mile........................ 1,618 36
The equipment on Dec. 31 was as follows :
Carried forward.
Freight Cars—
B ox..................... ...1,529
Stock..................... 305
W ood....................
29
C oal...................... 149
F la t...................... 592
C a b o o s e ...............
70
Locomotives—
> 4 wheel............................ 7
6 “ ........ i ................. 5
8 “
52
10 “
50
Bogie............................... 17
M ogul.............................. 1
Consolidation................. 6
Compound..................... 8
Total Looomotives.. . . . . . .
Passenger Cars— .
First c l a s s ...............
Seoond class..................
Third class.....................
Combination..................
Baggage, Mail & Expr’s
Special...........................
Officers’...........................
P a y ................................
146
22
18
29
15
27
8
3
1
Total Passenger Cars.......
193
Total Freight Cars............. .2,674
Sundry Cars—
Boarding.....................
2
W ater..... ....................
72
Water and C o a l.......
5
W re c k in g ........ . . . . .
8
Pile Driver..................
5
1
Steam Shovel.............
Total Sundry Cars............
93
Total Cars................... 2,890
123
FINANCIAL CONDITION.
The Company’s income from all sources for the year 1801
available for interest was as follows in United States cur
rency :
Net earnings....................................
$2,068,012 62
Received from the Subsidy Trust Fund..............................
300,000 00
Paidinterest........................................
Surplus.........................
$2,368,019 62
2,360,554 39
$7,458 23
Without considering the receipt from the Subsidy Trust
Fund, or the payment of interest upon the First Inoome bonds,
and based upon the charge for interest on the bottom lien
bonds alone, the result for the year was as follows :
Net earnings...........................................................................$2,068,012 62
Interest on bottom lien securities................. ; ................... 1,980,026 52
Surplus .......................................... ..........................
$87,936 lO
showing that'the net earnings of the road were sufficient topay the fixed charges of the Company, including the interest
on the Priority Bonds up to the date of their purchase or can*
cellation, and on the 4 per cent bonds on the Tampico Divi
sion from July 1, and leave a surplus of $87,986 10 in United
States currency.
This is very gratifying, it having been the first year in
which the Company earned and paid its fixed interest without,
any aid from the subsidy.
The present low price of silver is of serious importance to
uS, and if it continues throughout the year will materially
affect our net earnings. W e expect, however, that the earn
ings will increase through the development of the Tampico
Division and the natural increase of business upon the older
lines to an extent sufficient to cover this loss in exchange.
The average price at which we sold our silver dollars for
the year 1891 was 76-74 cents, while at the present time w e
can obtain only about 69 cents.
The amount in the Balance Sheet under “ Notes Payable” was the unfunded debt of the Company December 31, 1891,
incurred in 1890 and 1891 for new construction and additions
to the property not chargeable to operating expenses. A r
rangements have since been made for funding this, and the
Company has now no floating indebtedness not provided for.
As stated in the last annual report, the settlement of the
subsidy due to the Company had been made with the Govern-
M a y 7, 1892.]
TH E
CHRONICLE.
765
ment, but at that time we were unable to give the exact fig
ures showing the state of the account.
W e now give the following statements showing the full re
sult of the settlement, and the application of the proceeds :
The proceeds of this settlement were placed in trust with
the Boston Safe Deposit & Trust Company, under an inden
ture which carried out the terms and provisions of the Con
solidated Mortgage of the Company.
Every provision was made in the Trust Indenture to secure
STATEMENT SHOWING PINAL SETTLEMENT OP MEXICAN to the holders o f the bonds covered by the Consolidated Mort
GOVERNMENT SUB8IDY, UNDER CONTRACT OP LIQUI
gage the full benefit of this fund and its application in accord
DATION OP JUNE 30, 1890.
ance with the provisions of the mortgage, and the directors
congratulate the bondholders upon having such a substantial
Mexican Currency.
Total Subsidy earned by Company.. . . . .
$26,433,456 50 guarantee for their interest.
Less Certificate collections to June 3®,
Respectfully submitted by order of the Board,
1890 (including collections made by
agents, but not received by Company
8. W . REYNOLDS, President.
at that date, of $35,044 6 2 )....... . . . .
6,612,663 49
Amount due from Gov’t June 30,1890.
$19,820,793 01
Less discount 25 per cent,as per agree
ment, which represents the discount
. at 6 per cent for the estimated time
full payment was anticipated............. $4,955,198 25
A dd discrepancy between Government
and Company figures assumed oy Co.
5 00
4,955,203 25
GENERAL BALANCE SHEET DEC. 31, 1891.
(UNITED STATES CURRENCY.)
A ssets.
Construction and Equipment—
To December 3 1,18 9 1 ............ ..................................$ 1 3 2 ,6 5 5 ,0 2 8 52
$14,865,589 76 Material, Fuel and Supplies on h and ........ ......................
1,126,993 82
Add Certificate collections prior to
Boston Safe Deposit < Trust Co., Trustee:
£
June 30,1890, not received by Com
Cost of $5,597,000 5 per cent Priority Bonds pur
pany until after that date, as above..
35,044 62
chased for Investment............................. .......... .........
6,122,646 37
Net amount due Company June 30, ’ 90.
1$14,900,634 38 Boston Safe Deposit < Trust Company—Trustee Subsidy
&
which was paid to the Company as
Trust Fund.
follow s:
Balance in their hands Dec. 31,1891.........................
4,600,815 59
Certificates collected July 1 to Oct. 31,
Banco Nacional de Mexico—
1890, as part of amount due June 30.
1 8 9 0 . . . . . . . . . . .........................................
$569,366 33
Cost of *550,000 Mexican Government Bonds pur
Mexican Government drafts on London,
chased with subsidy money and deposited in lieu of
given in payment of balance, viz :
an equal amount of Subsidy Certificates held as
No. 1 paid Dec. 20, 1890.$3,671,867 44
guarantee to the Mexican Government under the
No. 2 paid Jan. 20, 1891. 3,671,867 44
Company’s ooheessions...............................
105,705 10
No. 3 paid Feb. 20, 1891. 3,671,867 44
Par value of *375,000 Consolidated Mortgage 4 per
No. 4 paid Mch. 20,1891. 3,320,127 74
cent Bonds deposited as guarantee under various
concessions in lieu of $750,000 Subsidy Certifi
$14,335,780 06
cates released........ .
— .......... .......... .
375,000 00
Less overpayment ad
Tampico Harbor Company—
justed in final settle
Par value of securities issued to that Company, un
ment of accounts and
der contract to provide funds for prosecution of
refunded..................... .
4,462 06 14,331,268 00 $14,900,634 38
4,000,000
worn on Tampioo H a rb or..........................................
Notes and Accounts Receivable........... ..................... .
1,079,121
STATEMENT SHOWING PROCEEDS OF COLLECTIONS IN UNITED Cash Balances, Dec. 31 1891—
STATES CURRENCY.
On hand and in Banks............................$1,030,33115
80,331 78
In transit to Boston................................
Certificates collected July 1 to October
Reserve for redemption of Called Pri31, 1890, $569,366 38 Mex. Cur.,
$472,985 27
equivalent to..........................................
0rity BondS........... .... ............ - ......................f ’600 °1,117,262 93
Mexican Government drafts, viz.:
Mexican Cur.
T ota l.................................................................... . $151,182,573 80
No. l..$3,671,867 44-3)44% =£684,650 5 0®4 85,
$3,320,553 71
3,197,278 57
No 2..$3,671,867 44@43
=£657,876 5 0-3)4 86,
«,
2,800,199 19
No. 8..$3,671,867 44®38
=£581,379 0 3-3)4 871
5-3>4 87%,
2,834,222 69
L ia b il it ie s .
No. 4,.$3,320,127 74@411 =£574,105 8
o
Capital Stock............................ ..........................
$47,093,200 00
Total$14,335,730 063>411
82= £2,498,010 18 8®4 86 4S.$12,152,254 16
Bonded Debt—
Less overpayment refunded to
Five Per Cent Priority Bonds............. $5,597,000 00
Government as above,$4,462 06,
Consolidated Mortgage 4* Bonds........ 54,813,000 00
Mex. Cur.......................................
3,929 66 12,148,324 50
First Mortgage Bonds, not converted
into Consolidated Mortgage Bonds.. 1,011,000 00
Interest received from banks on de
First Mortgage Bond Sorip, exchange
posits of Subsidy fun ds.......................
6,66414
13,807 50
able into First Mortgage Bonds.......
Ten Per Cent Coupon Notes (oeased to
Total net proceeds, United States cur
bear interest ApriL 16,1889)............
400 00
rency............................................. |
.........
$12,627,973 91
Ten Per Cent Coupon Note Scrip, ex
L esschangeable into Coupon Notes----- 500 00
Cost of $5,597,000 00 Priority Bonds
First Consolidated Income Bonds— 16,352,000 00
purchased for investment for acoount
FirstConsolidatedlncomeBond Scrip,
of, and deposited with Trustee........... $6,122,646 37
exchangeable into First Consoli
Amount paid for $1,403,000 00 Prior
dated' Income Bonds................ .
‘ 129,100 00
ity Bonds redeemed under call of
Second Consolidated Income Bonds.. 10,886,000 00
___
February 23,1891, and canceled in
Registered Income Bonds and Scrip..
639,400 00 89,442,207 50
accordance with the Consolidated
Mortgage of the Company.................... 1,548,643 43
Priority Bonds Called—
Cost of $550,000 00 Mexican Govern
Redemption value of *6,000 bonds in
ment Bonds purchased and deposited
cluded in call, but hot presented for
in lieu of an equal amount of Subsidy
payment................................ - ............
6,600 00
Certificates held as guarantee to the
Coupons and Accrued Interest—
•
Mexican Government under the Com
Coupons overdue not presented.........
*30,741 00
pany’s concessions...............................
105,705 10
Coupons due Jan. 1 , 1892.................... 1,109,260 00
Sundry expenses in connection with
Accrued Interest to April 16,1889, on
settlement and conversion of pro
ceeds............................................. ..........
18,408 74
7,795,403 64
outstanding Coupon Notes and Scrip
26 28
Accrued Interest to April 10,1891, on
'
, ,,A ,A n r ,o
outstanding Called Priority Bonds .
82 50
1,140,109 78
Net amount paid to the Boston Safe
Deposit & Trust Co. as Trustee under
Notes Payable............................................1,181,288 96
the Subsidy Trust Fund indenture of
May 6, 1891....................................... .
$4,832,570 27 Touchers, Pay-Rolls and Accounts Payable—
Including wages and salaries for
* $6,000 of these called bonds have not been presented for redemp
month of December...........................
967,589 24
tion and cancellation, but the amount required to redeem them, m Mexican Government Subsidy Proceeds. .
10,829,167 06
accordance with the call, has been set aside for that purpose.
Equipment Fund—
STATEMENT OF SUBSIDY TRUST FUND, BOSTON SAFE DE
Balanoe of amount set aside to replace
worn-out and destroyed equipment..
19,173 32
POSIT AND TRUST CO., TRUSTEE, DECEMBER 31, 1891.
Income Account—
_.
Amount of Subsidy Trust Fund received
Balance to December 31,1891..........
503,237 94
$4,832,570 27
from the Company.................................
69,668 93
Interest received to Deo. 31, 1891_____
T o t a l . . . .. . . . . . . . .. ............
$151,182,573 80
$4,902,239 20
Less—
INCOME ACCOUNT FOR THE YEAR 1891 j
Trustee’s compensation to December 1,
(UNITED STATES CURRENCY.)
$1,423 61
1891.........................................................
Amount withdrawn from Fund and
Cr.
1891.
paid to Company, in accordance with
1. Balance from 1890.................... $495,779 91
300,000 00
301,423 61 Jan
terms of Trust Indenture. . . . . . . ______
June 15. Received from Subsidy Trust
Fund, in accordance with
Balance in hands of Trustee, Dec. 31,
terms of Trust Indenture....... 300,000 00
1 8 9 1 .............. ........ ................. .
$4,600,815 59
Net Earnings for the y e a r ...... 2,068,012 62 $2,863,792 33
Dec. 31.
It will be seen that the amount paid to the Trustee was
Contra.
$4,832,570 27, instead o f only about $4,400,000, as was expected
1891.
July 1. One year’ s additional interest on
nt the time the last annual report was made.
First Mortgage Assented 4£
In addition to the interest received by the Trustee up to De
Bonds..................................... ... $380,527 87
cember 31, 1891, interest had accrued but had not been col Deo. 31. One year’s interest on Mortgage
Bonds..................... ................. 1,940,652 83
lected amounting to $122,621 68, making the total income
earned for the part of the year in which the Trust had been in Dec. 31. Miscellaneous Interest..aooount 39,373 69 2,360,55439
for the year........ .. .. .. ... .
existence to December 31,1891, less the Trustee’s compensa
Balance carried forward to 1892.......... .
$503,237 94
tion, $190,867 00.
THE
766
CHRONICLE.
[Y ol. LTV,
C O T T O N .
Friday , P. M., May 6, 1892.
The Movement of the Crop , as indicated by our telegrams
from the South to-night, is given below. For the week ending
COMMERCIAL EPITOME.
this evening the total receipts have reached 50,870 bales,
F riday Night, May 6, 1892.
against 49,283 bales last week and 43,207 bales the previous
The resumption of navigation on the Erie Canal in the past week, making the total receipts since the 1st of Sept., 1891,
■week is an event of much importance to our shipping trade. 6,795,025 bales, against 6,618,083 bales for the same period of
The weather has been spring-like in the Northeast, and the 1890-91, showing an increase since Sept. 1,1891, of 181,942 bales.
temperature quite high at the South, but in the West heavy
Receipts at—
Mon.
Tuet.
Sat.
Wed. Thurs. Fri.
Total.
rains have fallen and local tornadoes again destroyed life and
property ; while in the Northwest the weather was generally Galveston........
600
291 1,127
910
527
381
3,836
so bad as to promote speculation for the rise in breadstuffs,
El Paso, <fcc... ........
........
......
......
......
879
879
the purch ases of wheat for export being at the same time very New Orleans... 8,009 1,606 2,870
349 2,364 2,032 17,230
large. The speculation in cotton has been largely under the Mobile...............
684
405
877
127
71
209
2,373
influence of varying reports of the status and progress of the Florida............. ......... ........ . . . . . .
......
........
strike among the mill operatives in Lancashire, which was ad Savannah........ 1,198 1,766 1,361 1,020 1,330
273
6,948
justed on Thursday.
......... . . . . . .
Brunsw’k, <feo.
298
293
The following is a comparative statement of stocks of Charleston....... . . . . . . . . . . . . . . . . . .
309
515
537
318
526
2,205
leading articles of merchandise at dates given:___________ _
......
1892.
April I.
Pork.......................... .......... bbls.
Lard...................... .
Tobaooo, dom estic.. ........ hhds.
Tobacco, foreign ....
Coffee, Rio.................
Coffee, other.......... .
Coffee, Java, &c.......
Sugar.........................
Sugar.........................
Sugar.........................
Melado......................
Molasses, foreign .. .
Molasses, dom estic. .......... bbls.
H id es....................... ............No.
Cotton.......................
Rosin............... : . . . .
Spirits turpentine...
Tar.............................
Rice, E. I .................
Rice, domestic......... ......... pkgs.
Linseed...................
Saltpetre...................
Jute butts................
Manila hemp...........
Sisal hemp...............
Flour................ bbls. and sacks.
24.574
30,009
16,868
38,500
130,440
98,571
13,566
812
None.
210,142
None.
None.
8,000
344,200
405,688
25,807
591
3,514
12,‘200
2,500
None.
15,500
57,500
None.
3,136
222,400
1892.
May 1.
23,159
25,347
15,791
40,384
311,291
142,230
22,749
844
None.
413,399
None.
563
11,000
330,800
389,078
20,224
895
2,865
16,000
2,000
None.
13, 00
90,500
None.
4,216
188,200
1891.
May 1.
13,535
75,586
21,396
42,<56
210,964
33,458
47,700
147
None
230,567
None.
205
15,300
470,800
134,534
13,647
1,164
2,186
22,500
2,500
None.
16,500
65.500
2,707
30,510
179,100
Port Royal,&o
W ilm ington....
Wash'gton,<fcc
Norfolk.............
West P oin t...
N’wp’tN’s.&o.
New York........
Boston..............
Baltimore........
Philadelph’a.&c
113
......
208
.721
......
........
324
1,392
354
120
......
837
1,175
......
......
359
......
117
41
......
287
135
......
546
........
105
806
........
58
43
......
633
801
......
......
310
......
435
jotals this week 13,324
8,328
7,337
4;711
7,040 10,130 50,870
May.................. ll-85o. I Aug................. li»65c. IN o v .................ll-6 5 o.
June................. l l -65o. S ep t............... ll*65o. Deo................... ll-65o.
July................. ll-6 5 o. lO o t................. 11-650.1
— a decline of 30@ 50 points for the week.
Raw sugar has been in fair demand and steady, closing at
2%c. for fair refining muscovado and 3 l-16c. for centrifugals,
96 deg. test. Refined sugars have been fairly active and
steady ; crushed is quoted at 5@5%c. and granulated at 4 5-16
@ 4 7-16c. The boiling grade of molasses is dull and un
changed at HJ4c. for 50 deg. test. A t the tea sale on Wednes
day the offerings were again small and prices were higher.
Seed leaf tobacco has continued to meet with a fair i n q u i r y ,
and sales for the week aggregate 1.300 cases, as follows: 500
cases, 1891 crop, New England Havana, p. t.; 200 cases, 1891
crop, New England seed, p. t.; 200 cases, 1891 crop, Wiscon
sin, 634e.; 150 cases, 1890 crop, Pennsylvania Havana, 1334c.
@40c.; 100 cases, 1890 crop, Zimmers, 13c.@15c., and 150 cases
sundries, 6 34 c.®35c.; also 600 bales Havana, 70c.@$l 15, and
200 bales Sumatra, $2 25@$3 25. Kentucky tobacco has con
tinued quiet.
Straits tin has shown a fair degree of activity, selling to the
extent of about 275 tons, closing steady at 20-55c. Ingot
copper is dearer, closing firm atl2'20c. for Lake. Domestic
lead is decidedly higher, closing at 4 80c. Pig iron dull and
unchanged.
Refined petroleum is quoted at 6 10c. in bbls., 6-90c. in cases
and 3‘60c. in bulk; naphtha 5c.; crude in bbls. 5*35c. and in
bulk 2 85c. Crude certificates closed -at 5734°» Spirits tur
pentine is dull and weak, under Southern advices, closing at
33^@34c. Rosins are dull at 1*45@ 1-50 for strained. Wool
is selling rather more freely. Hops are dull.
91
......
537
639
289
......
1,111
2,987
404
506
2,848
4,850
289
3,256
4,379
1,473
The following shows the week’s totai receipts, the total since
Sept, 1, 1891, and the stock to-night, compared with last year.
Receipts to
May 6.
G alveston...
El Paso, Ac.
New Orleans.
Mobile..........
Florida........
Savannah...
Lard on the spot has been dull, losing to-day the slight im
Bruns., &o.
provement of yesterday, closing almost nominal at 5-90c. for Charleston..
prime City, 6'50c. for prime Western and 6-65@6"85c. for re P. Royal,&o
fined for the Continent. The speculation in lard for future Wilmington.
delivery has been inactive. A slight advance yesterday, in
Wash’tn,&c
sympathy with the rise in corn, was followed to-day by a N orfolk ......
smart decline.
West Point.
D AILY GLOBING PRICES 0 7 LARD FUTURES.
NwptN.,&o
Mon. Tuet. Wed. Thur.
Sat.
Tri. New Y o r k ...
6-50
6-45
May delivery...........
6-44
6-47
6-52
6-48 Boston.........
July delivery...........
660
6-50
6-56
6-60
6-49
6-54 Baltimore...
August delivery______ 0. 6-67
6-57
6-63
6-59
6-67
6-60
Phil'del’a.&c
In other products of swine the only feature is an advance in
cut meats, which sold to-day at 634 c. for pickled bellies, medium
weights, and 1034c» for pickled hams. Tallow closes steadier
at 4%c. Butter is decidedly lower at 16@21c. for creamery.
New cheese has been active for export at 10@103^c. for State
factory, full cream.
Coffee on the spot has continued dull and prices have de
clined ; Rio is quoted at 12%@12%c. for No. 7. Mild grades
are dull and nominal. Good Cucuta is quoted at 20%c. The
speculation in contracts has been fairly active but at declining
prices, owing to unloading by “ longs,” prompted by excessive
supplies and weaker European advices. To-day, however,
there was an advance on-a demand from local “ shorts” to
cover contracts. The close was steady, with sellers as follows:
98
......
346
879
......
1891-92.
This Since Sep.
Week. 1,1891.
1890-91.
This Since Sep.
Week. 1,1890.
5,692 976,662
3,836 1,119,877
37,508
879
23,716
17,230 2,383,834 13,740 1,973^408
2,373 *259,431
1,652 293,661
24,627
2
43,213
6,948 977,260
6,300 1,079,736
298 163,466
1,437 182,620
2,205 452,193
5,413 490,403
1,499
864
30
506 157,609
444 186.410
2,342
3,744
2,848 490,336
3,201 608,521
4,350 318,721
1,492 331,138
44,436
532
91,659
289
' 84,995
1,022 123,507
3,256 119,186
1,397 104,820
4,379
49,219
82,201
416
1,473
75,504
2,002
54,782
Stock.
1892.
1891.
34,995
19,028
177,024
21,897
31,220
1,623
35,830
188,579
18,334
■■■■■a
22,603
300
21,172
11,335
7,344
20,974
3,113
10,478
2,455
1,050
139,364
4,700
3,650
0,774
392,403
8,300
13,453
12,584
Totals........ 50,870 6,795,025 44,772 6,613,083 764,801 448,836
* 4,238 bales added as oorrection of receipts sinoe September 1.
In order that comparison may be made with other years, W e
give below the totals at leading ports for six seasons.
Receipts at—
1892
Galv’ston.&c
New Orleans
Mobile..........
Savannah...
Charl’ st’n,&o
Wilm'gt’n,&o
Norfolk........
W't Point, &o
All others...
4,715
17,230
2,373
6,948
2,205
506
2,848
4,639
9,406
5,692
13,740
1,652
6,300
5,443
444
3,201
2,024
6,276
435
6,380
463
4,521
193
36
1,111
871
2,393
2,791
6,486
247
1,416
2,250
181
1,993
1,441
5,606
1,183
11,487
526
4,457
1,732
70
8,348
4,329
4,086
135
3,895
122
1,457
1,304
150
553
401
4,644
lot.thisweek
50,870
44,772
16,408
22 411
36 223
12,666
1891.
1890.
1889.
1898.
1887.
Since Sept. 1. 6795,025 6613.083 5717,377 5439,581 5292,089 5147,89
The exports for the week ending this evening reach a total
of 90,520 bales, of which 51,449 were to Great Britain, 17,486
to France and 21,585 to the rest o f the Continent. Below are
the exports for the week, and since September 1, 1891.
Exports
from—
Week Unding May 0.
From Sept. 1,1391, to M a y 6,1893
Exported to—
Exported to—
Conti Total
Great
Conti
France nent. Week. Britain. France nent.
Total.
b o n .....
800
800
1C,305 10,970 49,399
-leans.
.a h . . . .
rick . . .
1,304
oin t
1,304
6,042
5,042
iws, Ac
14,955
4,561
3,058
435
T o t a l.............
Total, t « 00-OI.
439
682
2,338 17,732
4,661
7,477 11,247
435
630,360 76,627
3,753
883,724 486,111
37,868
175,926 30,197
98,947 4,849
160,030 5,550
61,071
144.167 7,900
91,029
21,937 6,272
416 542 31,073
235.286
92 60 ó 7,611
17,791
91,286 798,273
81,198
34,951
602,524 1,972,359
37,866
288,061 492,184
103,796
176.357 341,937
62,902 114,573
31,428 183,495
16,637 107,666
87,209
173,608 621,223
10,029 245,315
127.018 227,260
18,499
708
61.449 17,486 21,685 90,520 3,071,635 655,190 1,599.781 5.326,606
33.881
682 21,883 56,346 3,062,477 (525,122)1,732,354 5.319.953
THE
Ma y 7, 1892. J
CHRONICLE.
767
In addition to above exports, our telegrams to-night also
T he Sales and P rices of F utures are shown by the
give us the following amounts o f cotton on shipboard, not following comprehensive table:
cleared, at the ports named. W e add similar figures for
H
«
g
Hew York, which are prepared for our special use by Messrs,
■Ltf
< 2.
Q^SP s 9^SP® Qk ooP QhtjOBO gkgpg.
S®
O
Oarey, Yale & Lambert, 24 Beaver Street.
►
y
o2.&£*
I
o3 .g.g
02--S 1
¡» ® ® ®
5
so a ® 2
M© ®~
P
*
.0 0
0
D
P O'• ^ ÖO- M U®'*0® P 0Q'V Vj P Ot»’V < P a -œso i9 ivi2|
B
On Shipboard, not cleared— r
fo
■I® O '.
•
d
Leaving
1 '2 2.£ • 2 et-'*
W
0
May 6 at—
q sg,
:
: B.5T!
Great
Other Coast
Stock.
Total.
France. Foreign wise.
tea»»
p-rg
Britain.
! ■?:
IPg 'i! p : p - r ^ • !
tei®.8
•
•
2 : «
. V .
g: *
•§; w
New O rleans...
4,039
1,367
18,054
5,279
7,369
©©
158,970
p:
I «Î . I
p. I
p • gw . P ! 1 : 0 :
01©
3
©©
• (* •
I
an! *7 • (* ••
Galveston........
<) • I
*
1,308
5,210
7,886
27,109
1,368
&
• ©
; © •
Savannah.........
Charleston.. ..
M obile..............
N orfolk .... . . . .
New Y ork ........
Other ports___
None.
None.
None.
500
4,300
8,000
Xotal 18 9 2...
Total 1891...
Xotal 1890...
2.500
2.500
None.
2.500
6,250
7,000
1,000
400
None.
700
None.
None.
3,500
2,900
None,
3,700
11,350
15,000
27,720
32,930
21,897
17,274
381,053
35,458
16,839
7,447 33,329
4,775
62,390
702,411
37,022
18.193
9,996
450
7,762 10,068
2,795
7,581
64,848
29,019
383,988
204,427
None.
None.
None.
None.
800
None.
The speculation in cotton for future delivery at this market
has been quite unsettled in tone, with values subject to fre
quent, though not very wide, fluctuations. The movement of
the crop has been pretty full for this stage of the season, and
the weather at the South (except for cold nights during the
first half of the week) has been fairly favorable to planting
and germinating for the next crop. A fresh estimate of re
duced acreage came out on Saturday, causing an advance
which was more than lost on Monday. On Tuesday private
advices from Liverpool pointed to an early termination of the
strikes among the mill operatives in Lancashire, and a weak
opening was followed by a sharp advance, which was pretty
well maintained to the close. On Wednesday a sharp rise in the
morning, in response to a better closing of the Liverpool market
and small port receipts, was mostly lost in the afternoon,
under selling to realize, prompted in some degree by the
favorable weather reports from the South. On Thursday an
early advance followed a stronger report from Liverpool, but
it was soon lost. The last half-hour, however, saw renewed
buoyancy on positive advices that the strike in Lancashire
had been adjusted. This morning there was a further im
provement in response to a better opening at Liverpool, but
as that market gave way towards the close, our market fol
lowed suit. After the second call there was renewed buoy
ancy, and the close was at the best prices of tbe day, the market
apparently being a little over-sold during the morning hours.
Cotton on the spot advanced l-16c on Tuesday, having been
much more active for export and home consumption at the
reduced prices quoted in our last. To-day the market was
quiet at 7 5-16c for middling uplands.
The total sales for forward delivery for the week are 545,800
bales. For immediate delivery the total sales foot up this week
10,123 bales, including 7,018 for export, 2,705 for consumption,
------for speculation, and 400 on contract. Of the above-----bales were to arrive. The following are the official quotations
for each day of the past week—April 30 to May 6.
UPLANDS.
Sat. M o u T u e s W e d
Th.
<
1
<i <
-3
¡3 ,_>*>?S 2© 3
S'** Eg STtsooB* b » o s g-toooB» ©i*g * © » S EL«-'1»
P* Oi &
Wm
•* -.S® «◄-4©$ M to O' P4-4©3
2
•
h
«¿oonO ‘
I ©: :
I©
GULF.
Ordinary.....................
Strict Ordinary..........
Good Ordinary............
Btriot Good Ordinarv. ...............
Low Middling........ .
Btriot Low M iddling........... .
Middling......................................
Good M iddling..........................
Btriot Good Middliner_______ .
Middling Fair........
...............
F a ir......... '..................
STAINED.
4k
5k
6k
4^8
51*
6*8
63is
6k
61»i8 Ï H , 6 k
7k
71i 6
7k
v i
7 ìi8
7»16 79ie Z k
7131« 7iSi« 779
838
83g
f 7ie
8k
8k
8l3j6
Sat. M o il T u e s W e d T h .
5k
5»8
6k
61316
5k
5k
6k
61316
7he
?716
«71« Z ìi6
7k
7^8
l ì 6!« 71316
881« 83ie
8k
8k
9k
9k
Sat.
5518
511,.
fie
67a
7k
7k
7Ulfl
8
8k
813i6
9*16
M o n T ile s W e d
S ill
® 16
®
67e
7k
7k
71I1*
8 *
8k
81316
93j6
Good Or dinary..........
Btriot Good Ordinarv.
Low Middling........ .. . .
Middling............ .
..............
4716
d716
f i 16 511(< i l 16 5 i1ft
til6
t i;6 5^6
613]« 613le 6k16 6k
MARKET AND SALES.
3I616
6»ÌI
6k
6k
7k
76i«
7k
7k
8716
8iSia
F r i.
55ia
6 »l«
6«i«
6k
7k
7k
Zn ie
8
8k
81316
93ie
Th.
U
.
t.
*4*4 % •4*4 ^
Ç
*4*4
»
03t0 ** W
bO * h o 2 0 1 0
* H<e * ÓÓ
*
I © »:
I 87"
I9 «:
I ©i
M
0
0
o
*4*40*4 *4*40*4
H
“M°M Mm O m
W-4
I
*4*4
►
« j« t
tbts ®
00 If. H *
-‘ V
1 ©► :
bd
« l* J O « l
tb u °M
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bb 10 ®
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1 © r*:
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«3 -1 0 -3
SPOT MARKET
CLOSED.
Saturday
Monday..
Tuesday..
Wed’day.
Thursday
F rid a y...
D u ll...................
Easier................
D’ll& easy,ii«ad
Q uiet............ .
Easy...................
Quiet.................
T otal...
Ex
port.
if*w $
2
I »«>:
*4*40*4
-4 * 4 0 * 4
¡5
It*If* ®
to
4,164
88
229 2,032
180
287
105
1,597
741
300
V
*
litO.
7,018
2,705
....
....
400 10,123
....
If-it*® if*
OOJ tf
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citò 2 obG lt*1 © O if2* 03 09 2
cocco»** tOtô -* càci - coco#***
C
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00 ■
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-4 * 4 0 * 4
8
6k18 67
200 4,452
2,261
280
100
392
1,597
100 1,141
- »-
h o h i
-3 * 3
%
W
O. ® *?*? 2 ifif 2 if*w
w#* £
►OH'* m o » ** -4 00 ** *4*3
I sii
I ©Fi tìtìp:
I ip :
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n
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*4 *4
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0
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b>‘
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»
8k
81*16
93ie
Sale$ o f
Futures.
^
®
cio » ® ci
CO© ©
ci ci ®
O WM*»
C
1©P:
4716
% i6
5116 51,.
Öl1
»!« 51Î?«
Con- Spcc- Con
sump. ul’ t’n tract. Total.
*1*1
bbco
* 4 * 4 0 -4
^*1
*4*4
M
too ®
O IC H 4
1 © i°:
1© r:
a
<1
« i* q o « q « l< I O * l
kèiâ0 ià k e t 0 ° M
O » -©
Ü1
C
O to-vj C
©
b.
*I*J ^
*30 k
*3*3 %
c ita ®. 05 M ®
c it ò ®
o a o i->
i
f« «5 H 1
1
1© r1
:
1© »:
1 ©.M :
M
*3
~5<I O *1 * 3 ^ 0 * 1 *3*10*3
c ic i° c i
e i c i ° c i M C Ì°tó
Üi© w
10*1 if. H H ^4
I : 1-»
69,6
6k
7k
7k
SALES OP SPOT AND TRANSIT.
*«
-4*4
0 «
fir*
I«
mm
tH
I
d
ISM *
- *3
.*■:
“ w 1©
*3*30*3
0
Cr© W
H*
f
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
nn O '
*4*4
F r i.
£ 5i« V h e
6Bie
631« 6 H
is
6k
6k
6k
6k
7k
7k
75ie
ï ÿ
7k
778
7k
§3i« 8716
8late 813i6
• .A O
S.»
«^5 8
K |
I
I I:
*3 *1
Ordinary.....................
Btriat Ordinarv__.......
Good Ordinary...........................
Strict Good Ordinary................
Low Middliner____ ’ ................
Strict Low Middling.. ...............
Middling.....................
Good Middling........................ .
Strict Good Middling____ ____
Middling Fair........
Fair..............................................
«O '
ätea
II
II
Ia
rf,O P
*4
-4
®6 a or1 i~c> o f3
g -w © S P o f
»©F** 5©.®§
Pf £ © p
»•
<15
^-a©:* • <i©S
II
II
The following exchanges have been made during the w eek :
•19 pd. to exch. 200 May for July, •26 pd. to exch. 100 May for Aug.
•08 pd. to exch. 300 Aug. for Sept, •07 pd. to exch. 800 May for June.]
•19 pd. to exoh. 200 June for Aug. •25 pd. to exch. 400 May for Aug.
•08 pd. to exoh. 200 July for Aug. •46 pd. to exchi 200 June for Nov.
•27 pd. to exch. 500 May for Aug. ■08 pd. to excu. 200 May .or June.
•28 pd. to exch. 100 May for Aug. •10 pd. to exoli. 100 June for July,
•09 pd. to exch. 100 J uly for Aug.
T h e V is ib l e S u p p l y o f C o t t o n to-night, as made up by cabli
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
o Thursday evening. But to make the totals the complete
figures for to-night (May 6), we add the item o f exports from
545,800 the United States, including in it the exports of Friday only.
69,700
84,400
87,300
107,200
82,500
114,700
TH E
768
CHRONICLE
1892.
1891.
1890.
Stock at Liverpool........ bales. 1,729,000 1,199,000 1,036,000
Stock at London.......................
17,000
18,000
12,000
1889.
885,000
11,000
Total Great Britain stock. 1,746,000 1, 217.000 1,048,000
4,200
Stock at Hamburg....................
4.000
4.000
Stock at Brem en...»................. 150.000 164.000 117.000
7.000
Stock at Am sterdam ............
19.000
27.000
300
Stock at Rotterdam................
400
200
7.000
Stock at Antwerp.................. .
8.000
6.000
Stock at Havre.......................... 426.000 245.000 193.000
4.000
12.000
12.000
Stock at Marseilles. . . . . . . . . . . .
84,000
90.000 120.000
Stock at Barcelona............. .
9.000
12,000
23.000
Stock at Genoa.........................
22,000
4.000
20.000
Stock at Trieste.............. ».......
896.000
2,300
37,400
18,000
300
12,000
Total Continental stocks........
758,200
606,400
429,500
122.000
5,000
77.000
10.000
11,000
295,000
Total European stocks.. .. 2,504,200 1,823,400 1,477,500 1,191,000
- Europe 231,000 246,000 371,000 300,000
Indiacotton afloatfor Amer. cott’n afloatfor Europe. 275,000 286,000 140,000 202,000
36,000
36,000
22,000
15,000
Egypt,Brazil,&c„afltforE’r’pe
Stock in United States p orts.. 764,801 448,836 233,446 375,242
61,594
59,586
Stock in U. S. interior tow ns.. 283,018 211,869
22,892
9,854
2,173
11,804
United States exports to-day.
Total visible supply.......... 4,116,911 3,061,959 2,307,713 2,154,632
O f tbe above, the totals of American and other descriptions are as folio we:
American—
Liverpool sto ck ............bales. 1,491,000 953,000 760,000 673,000
Continental stocks................... 616,000
448,000 332,000 191,000
American afloatfor E u rope... 275,000 286,000 140,000 202,000
United States stock.................. 764,801
448,836 233,446 375,242
United Statesinteriorstocks..
283,018 211,869
61,594 59,586
United States exports to-day.
22,892
9,854
2,173 11,804
Q u o t a t io n s
[VOL. JLIV
for
M id d l in g C o t t o n
at
O t h e r M a r k e t s .—
Below we give closing quotations o f middling cotton at South
ern and other principal cotton markets for each day of the week.
Week ending
May 6.
CLOSING QUOTATIONS FO R MIDDLING COTTON ON-
Satur.
Tues.
Mon.
Wednes.
Galveston.,.
fiie
7He : 7 h e
7*16
7
7
7
7
New Orleans
615ie
6L>16
M obile... . . .
61516
61516
Savannah...
7
7
7
f ile
7
7
Charleston..
7
7
6%
6%
Wilmington.
6%
6%
7
Norfolk........ : 7
7
7
Boston........
7M
7° 16
734
7H
Baltimore...
7H
7>4
714
7Ì4
75s
Philadelphia
7®
8
7^8
7®b
Augusta. . . . 678®i5lß 678S>1016 678@lbl6 678®1616
Memphis___
7
7
7
7'16
St. Louis___
- 7
7
7
7116
Cincinnati..
7,1
4.
7:>4
7>4
714
Louisville...
f ile
71!«
7He
7*16
Thurs.
Fri.
7*8
7
6l5t6
7 i16
7
6%
7
7is
7
61516
7iie
7
6%
7
f 5ie
74s
75a
7
7
f ile
7J4
71
«
7J4
758
7
7
file
714
f ile
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
A t la n t a ........
6% I Little Rook . . . . 6%
Newberry........ SUig
Raleigh..........
7
6%
Columbus, Ga. 65s® % |Montgomery.
Selm a.............. 63i
Columbus, Miss
6x
4 Nashville........ 6%
Eufaula.......... .
6% INatchez ... . . . . 6 i3ie Shreveport. . . . 6 ^
R e c e ip t s F r o m t h e P l a n t a t io n s .— The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
Total Am srican........
3,452,711 2,357,559 1,529,213 1,512,632 consumption; they are simply a statement o f the weekly
Mast Indian, Brazil, «6c.—
movement from the plantations of that part of the crop which
Liverpool stock. ....................
238,000
246,000 276,000 212,000
17,000
18,000
12,000 11,000 finally reaches the market through the outports.
London stock ...........................
Continental sto ck s.................. 142,200
158,400
97,500 104,000
India afloat for Europe........
231,000
246,000 371,000 300,000
Receipt* a t the P orte. St’k a t Interior Towns. Rec’pts from P la nt’m ,
Week
Egypt, B razil,& o.,afloat......
36,000
36,000
22,000 .15,000
Ending—
Total East India, &c.......... 664,200 704,400 778,500 642,000
Total American.................. 3,452,711 2,357,559 1,529,213 1,512,632
Total visible supply......... 4,11B,911 3,061,959 2,307,713 2,154,632
Price Mid. U pl.,L iverpool....
4d.
4i3i6d.
6716d.
6iied.
Price Mid. Upl., New Y o rk ....
7516c.
8i&16c.
12c.
lie .
1891.
1800.
April 1......
“
8 ......
% 15......
“ *2......
; “
30......
May C......
1801.
1802.
1890.
31,377
23.570
20,081
19,330
16,686
16.108
01,109
73,413
71,318
64,733
50,536
44.772
68,569
63,958
62,416
43,207
49,283
60,870
125,444
104,787
95,338
83,884
72.194
61,594
1892.
1890.
1891.
1892.
298,375 ¡360,444 19,848 73,115 32,381
275,876 367,991 2,913 50.914 41,505
259,773 347,989 11,582 65.220 42,414
247,381 320,683 7,876 52,341 15,901
231,975 301,912 4,896 44,130 30,512
211,869 283,018 6.808 24.666 31,976
1®“ The imports into Continental ports this week have been
98,000 bales.
The above statement shows: 1.—That the total receipts from
The above figures indicate an increase in the cotton in sight
to-night of 1,054,952 bales as compared with the same date the plantations since September 1, 1891, are 7,022,114 bales; in
of 1891, an increase of 1,808,198 bales as compared with the 1890-91 were 6,810,382 bales; in 1889-90 were 5,765,412»bales.
2.—That, although the receipts at the outports the past week
corresponding date of 1890 and an increase of 1,962,279 bales
were 50,870 bales, the actual movement from plantations was
as compared with 1889.
only .31,976 bales, the balance being taken from the stocks at
A t t h e I n t e r io r T o w n s the movement—that is the receipt® the interior towns. Last year the receipt» from the plantations
for the week, and since September 1, the shipments for the for the week were 24,666 bales and for 1890 they were
week and the stocks to-night, and the same items for the 5,808 bales.
corresponding period o f 1890-91—is set out in detail in the
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s i n c e S e p t . 1 ,—
fo1 owing statement.
1
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
i»-a: g ® a ffl w
o w o $ a w (« t*.« o ®
►
-.© p £.P
by telegraph late Friday night it is impossible to enter so
BHg p ^
S
rS-B-S 11 %
Bg
is
largely into detail as in our regular monthly report, but all
p B®
i t a
o - o1
«the principal matters of interest are given. This weekly
a- .w
B o h . , ¿5 e- ^ Ä h , *■ h n o
. .
*
fcBaag®
publication is o f course supplementary to the-more extended
egoo- S f !' r
i»
o f Fi* Q- r>o a *. Î » g& ® ® ®T
■Q*
monthly statements. The results for the week ending May 6
H® P P
and since Sept. 1 in the last two years are as follows:
8 ■PP
»
•■s§ä 8 sriUggl i
-8§
sp-rfl
is
IK :
! sr : :
1891-92.
; w •
©m
k
o
MMKJ1 1"biWMbîCJlM "©COMtS©
M W MC 00MC C M
O
O O '©
OC0O. Cfl©CJi-I©CJiCOlOfcaM
©-Ji-M
OOM
OC>OlOiOi-JCOOiaoM
GCW ^ S*
l
a
0 0 -4 ' UO©i-CCtOCH©CO©Uit®Cn-3i»C®-IÜ>©©00©^i©COOOMM
$
May 6.
Week.
Shipped—
Via St. Louis................................
Via Cairo........................... ..........
Via Hannibal.............................*.
M-'
C
5
bO^JO-4CO
<ICO <CO 'l^-M >©®©05^^CO
bSO O
O
CnCO O CJ<©O bO
CO O
lCO CO
►icji©koa.botooo»ciOüeo©©~jt®MM©M©©M©oiGC)fcSM©toto©
©i©ao©Oi©OiWOOt®MCJiQi&©Ca©©as©M©MC®©©©COCOCO©Oi
;
nhoM;
© com;
O C © '
S
s
< m
1
pi oo
©
s
M© ► ot©enk MMt©<uocoMMWCOMM<JO©©i©M© s r i
'C
o
fio $
M i— O © © W © - l M C 0 e M © © 0 0 M © 0 0 ® > K ; k 0 < l 0 i © ( J 0 C 0 a 0
© © © © t O O ' t O t ® © © kO© M
CC Ü < C C M © - 4 © to eo oo <x oo
M
Pk.
_C C C k ;
0© OO O
M-j oi o I
-0©k©i— M
M J
oipiWkocc©M-4-4î
OOkOMCOWO-aCO-
M P i-4 © M k O P ik S O © M ©
MMMCO’
CtSCCMCOMOr>H-©p»©©©MCJi©OOOOCOCD©©;
©OtOC<lka<yi©©i©©'.lM ©©CO-4©C»M ©i©CM
H O M oœ œ
pi p ip i© © M Pi
m WC OC ö - O M O O
îr«»
O IW
C O p ik iM M
ODM M M ______ r W O .
-------1 , l o k O T- —
O i M C J iœ ©
© C-| -M Ü IO C© M C O © ;
M
O
W W O -4 -J O W M ©â
— .
M!
©•
M M W © C J i© < l» O Ç p ii
< I - J © M © W W M O i- ;
© © O W © © »M © W '
* Louisville figures “ n e t” in both years.
T This year’s figures estimated.
ko
H
ÇO piœ © W tfM
M o liô o œ w œ ©
©S©WWKOOIO
© W M M M M M O
s
»
s k*r
sri
wS*§
oo
i Revised.
The above totals show that the interior stocks have decreased
during the week 18,891 bales, and are to-night 71,149 bales
more than at the same period last year. The receipts at all the
towns have been 6,873 bales less than the same week last
year, and since Sept. 1 they are 145,332 bales more than for the
same time in 1890-91.
Total gross overland.............
Deduct shipments—
Overland to N. Y., Boston, &c..
Between interior tow n s............
Inland, &c., from South............
Since
Sept. 1.
11,177 t594,963
2,638 282,957
85,035
26,729
93-8 197,636
1 222 170,990
1,843 140,351
20,402 1,639,814 17,818 1.498,661
9,108
160
1,939
361,886
60,019
85,522
4,837
316
1,8 i 9
332,328
108,439
92,564
11,107
507,427
6,972
533,331
965,330
Total to he deducted...............
1891-92.
M<ipito-4a©©MMM©M©œMœpiœ©©KiWM©©©©©MW
©
MW
W
W M M 00 © O © l j
< J © M -J -a © M M
C O © M p iW < J M
2,609
4,324
2,618
Tfeefc.
The foregoing shows that the week’s net overland movement
this year has been 7,295 bales, against 10,846 bales for the same
week in 1891, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 165,057 bales •
©
M ©
M
O
M
ko
© M C O C O © O k O © M C O C O M tO p ik O C U k O C ® C O M -4 © M C O M O C O M «O O C J i
0CM4 © © COM 00 © M P> © 0 0 O © C 0 0 0 O l © © k ® < J © 0 0 © C l M © M 0 0 M ©
M c o M © © M © c c o o < i < i k ® p i oo © m co co œ w m ' I j m ' m o o p i ' cdco' o c .'i m
œ c © k O M © a © © M » © © M ffi© < it o © < j© © © M © M © k o œ k o < i
© M © k îM M M P ik 0 k 5 -3 k 0 © M p i© M k 0 C J ia .© © *
© O D © © -4 C O O ûi— O O i C O O m < ) O K i -'K 1 M © O O C O !
© œ p i© © W © W M © C J iM M -4 W M P i© © i-M -4 i
Via Louisville..............................
Via Cincinnati.............................
Via other routes, &o...................
614,194
335,493
160,623
36,733
192,551
146,723
153,497
1890-91.
Leaving total net overland*..
9,295 1,132,387 10,846
* Including movement by rail to Canada.
t Revised.
M©
M
M
M
k U O ©<Jk©k©M©00M k©aoMMM-3<J ? S
® IO
s
a
k M-4HBHP M© cocol-* © ko'©'—CM»© © C <e s
® H MMPi M
J
I
©k5©©©©M©k®-5koao©iä*3c>ikaMooko.
<)©WOO©CO©OOM©Wh-©©OOM©©©M-i © w
Sk
a
W -C O
8,139
1,736
776
Since
Sept. 1.
In Sight and Spinners’
Takings.
Receipts at ports to May 6 ..........
Net overland to May 6..................
Southern consumption to May 6.
Total marketed......... .
Interior stocks in excess.
Came into sight during week.
Total in sight May 6 ..............
Week.
Since
Sept. 1.
1890-91.
Week.
Since
Sept. 1.
50,870 6,795,025 44,772 6,613,083
9,295 1,132,387 10,846 965,330
12,000 506,000 10,000 469,000
72,165 8,433,412 65,618 8,047,413
'18,894 227,089 '20,106 197,299
53,271
45,512
8,660,501
8,244,712
North’n spinners tak’gs to May 6............... [1,972,656
* Decrease during week.
_____ 1,833,673
It will be seen by the above that there has come into sight
during the week 51,271 bales, against 45,512 bales for the
same week of 1891, and that the increase in amount in sight
to-night as compared with last year is 413,789 bales.
TH E
Ma y 7, 1892.]
CH RONICLE.
769
•
•
W
eath er
R eports
by
T e l e g r a p h . —Our advices by tele
graph from the South to-night are on the whole of a favor
able character, planting operations having made good pro
gress. In some portions of the Atlantic and Eastern Gulf
States and in West and Southwest Texas, however, rain is
needed to bring up seed. The Mississippi River at Memphis is
thirty-four feet and four-tenths on the gauge and stationary,
with indications favorable for a steady decline from now on.
Galveston, Texas.—It has been showery on one day of the
week, the rainfall reaching two hundredths of an inch. The
thermometer has ranged from 67 to 80, averaging 74. Rain
fall for month of April one inch and fourteen hundredths.
Palestine, Texas.—W e have had one splendid shower the
past week, the precipitation being eighty-six hundredths of an
inch. Average thermometer 74, highest 86 and lowest 62.
April rainfall four inches and eighty hundredths.
Dallas, Texas.—All portions of Texas have had good
rains except the west and southwest, which are suffering.
The eastern portions have fine crops for the season.^ It has
been showery here on one day of the week, the precipitation
reaching 85 hundredths of an inch. The thermometer has
averaged 68, ranging from 54 to 82. April rainfall three
inches and six hundredths.
Huntsville, Texas.—There has been one fine shower the past
week, the rainfall reaching seventy-five hundredths of an
inch. The thermometer has averaged 76, the highest being
88 and the lowest 64. During the month of April the rainfall
reached two inches and ninety-one hundredths.
San Antonio, Texas.—Dry weather has prevailed all the
past week and crops are suffering. The thermometer has
ranged from 68 to 94, averaging 81. During the month of
April the rainfall reached sixteen hundredths of an inch.
Luling, Texas.—Rain is badly needed. Average thermom
eter 81, highest 96 and lowest 66. During the month of April
the rainfall was nil.
Columbia, Texas.—W e have had one welcome shower the
past week, the rainfall reaching twenty-seven hundredths of
an inch. The thermometer has averaged 76, the highest being
86 and the lowest 66. April rainfall fifty-seven hundredths
of an inch.
Cuero, Texas.—The weather has been dry all the week and
rain is needed badly. The thermometer has averaged 80,
ranging from 66 to 94. Rainfall during April sixteen hun
dredths of an inch.
Brenham, Texas.—There has been no rain all the week, and
some is needed. The thermometer has ranged from 66 to
92, averaging 79. Rainfall for the month sixty-four hund
redths of an inch.
Belton, Texas.—No rain has fallen during the week. Aver
age thermometer 77, highest 96, lowest 58. April rainfall one
inch and twenty-nine hundredths.
Weatherford, Texas.—Young crops look well after last
week’s copious rain. There has been no rain this week.
The thermometer has averaged 70, the highest being 88 and
the lowest 52. April rainfall two inches and* fifty-two
hundredths.
New Orleans, Louisiana.—Rain has fallen on three days of
the week, to the extent of forty hundredths of an inch. The
thermometer has averaged 73. Rainfall for the month of
April ten inches and forty-four hundredths, on eight days.
Shreveport, Louisiana.—The week’s rainfall has been sixtyeight hundredths of an inch, on two days. The thermometer
has ranged from 59 to 86, averaging 72. April rainfall nine
inches and seven hundredths.
Columbus, Mississippi.—W e have had rain on one day of
the week, the rainfall reaching ninety-eight hundredths of an
inch. Average thermometer 74, highest 90 and lowest 60.
April rainfall nine inches and fourteen hundredths.
Leland, Mississippi.—We have had a precipitation the past
week of one inch and fifty-six hundredths. The thermometer
has averaged 72‘3, the highest being 90 and the lowest 55.
During the month of April the rainfall reached eleven inches
and forty-seven hundredths.
Clarksdale, Mississippi.—Owing to unseasonable weather
during the greater part of April, work is less forward than at
this time a year ago. Very little cotton is up. The month’s
rainfall has been five inches and eleven hundredths.
Little Rock, Arkansas.—Light rains have fallen on two
days of the week, the precipitation reaching twenty-one hun
dredths of an inch. The weather is now cloudy and sultry,
with indications of more rain. The thermometer has aver
aged 63, ranging from 54 to 85.
Helena, Arkansas.—The weather has been dry all the week.
Rain is needed to bring up seed. The thermometer has ranged
from 52 to 84, average 72. During the month of April the
rainfall reached eight inches and twelve hundredths.
Memphis, Tennessee.—The weather has been favorable dur
ing the week and planting is progressing rapidly. The river
is thirty-four feet and four-tenths on the gauge, and stationary.
A steady decline from now on is likely. There was a light
shower early in the week, to the extent of one hundredth of
an inch. Average thermometer 71*8, highest 85*2 and lowest
50-9. April rainfall eight inches and twenty-six hundredths,
on fourteen days. The thermometer ranged from 36 to 86,
and averaged 61‘7.
Nashville, Tennessee.—W e have had rain on two days dur
ing the week, to the extent of twenty-five hundredths of an
inch. The thermometer has averaged 70, highest being 87
Rnd the lowest 47. April rainfall seven inches and forty-five
hundredths..
Mobile, Alabama.—Crop reports are very favorable, and
...
1"
1
, -a a
planting is nearing completion, except on low lands. It ha»
rained on two days o f the week, the precipitation reaching
sixty-one hundredths o f an inch. The thermometer has aver
aged 73, ranging from 62 to 80. During the month o f April'
the rainfall reached three inches and ten hundredths.
Montgomery, Alabama.—The weather has been warm and
rather too dry, rain having fallen on but one day of the week,
and to the extent of forty-three hundredths of an inch. Rain
is needed in many sections to bring up cotton and corn. The
thermometer has ranged from 61 to 84. averaging 73. April
rainfall one ineh and fourteen hundredths.
Selma, Alabama.—The weather has been clear all the weekr
Average thermometer 72, highest 85 and lowest 57.
Auburn, Alabama.—Crops are needing rain. The stand of.
cotton is fair. The thermometer has averaged 66'4, the high
est being 84 and the lowest 45.
Madison, Florida. —A ll crops are suffering very much from
drought. Tne weather has been dry all the week. The ther
mometer has averaged 72, ranging from 57 to 92.
Columbus, Georgia.—No rain has fallen during the week»
The thermometer has ranged from 69 to 88, averaging 78»
April rainfall fifty-one hundredths of an inch.
Savannah, Georgia.—It has rained on one day o f the week»
the precipitation reaching one hundredth of an inch. Average
thermometer 71, highest 85 and lowest 57. During the month
of April the rainfall reached only sixteen hundredths of an
inch.
Augusta, Georgia.—The weather has been pleasant
during the week, with light rain on one day. The rainfal
reached five hundredths of an inch. Crops are developing
promisingly. The thermometer has averaged 72, the highest
being 91 and the lowest 52. Rainfall for April one inch and
thirty-four hundredths.
Charleston, South Carolina.—W e have had rain on two
days during the week, the rainfall reaching sixteen hun
dredths of an inch. The thermometer has averaged 66, rang
ing from 56 to 82. April rainfall fifty-one hundredths of an
inch.
Stateburg, South Carolina.—There ha3 been no rain the past
w eek ; some now, much needed. The thermometer ha»
averaged 68, the highest being 84 and the lowest 50. During
the month of April the rainfall reached one inch and thirty
hundredths.
Wilson, North Carolina.—Rain has fallen on one day of the
week to the extent of five hundredths of an inch. The ther
mometer has averaged 71, ranging from 46 to 88.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3
o’clock May 5, 1892, and May 7, 1891.______________________
New O rleans....
Memphis............
Nashville ..........
Shreveport........
Vicksburg..........
May 5, ’92.
Feet.
.......Above low-water mark.
16-4
34-4
14-5
19*1
.......Above low-water mark.
47-8
May 7, ’ 91.
Feet.
153
2 i-a
65
23*1
46»
India Cotton Movement from all F orts.—The receipts
and shipments of cotton at Bombay have been as follows ior
the week and year, bringing the figures down to May 5.
BOMBAY RECEIPTS AND SHIPMENTS FO R FOUR YEARS.
Receipts.
Since
This
Week. Sept. 1.
Shipments since Sept. 1.
Shipments this week.
Great
Conti
Year Great Conti
Total.
Brit'n. nent. Total. Britain nent.
58.000 58.000
'91-2
90-1 2,000 43.000 45.000
9-90 15.000 67.000 82.000
88-9 15.000 32.000 47,000
41.000
73.000
259.000
293.000
492.000 533.000 71.000
647.000 720.000 66.000
831.000 1.090.000 80,000
711.000 1.004.000 61,000
1.155.000
1.560.000
1.731.000
1.484.000
According to the foregoing Bombay appears to show
an increase compared with last year in the week’s receipts o f
5,000 bales and an increase in the shipments of 13,000 bales, and
the shipments since Sept. 1 show a decrease of 187,000 balesa
The movement at Calcutta, Madras, and other India ports for
«he last reported week and since the 1st of September, for tw o
years, has been as follows. “ Other ports’’ cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Shipments since Sept. 1.
Shipments for the week.
Great
Britain.
Conti
nent.
Calcutta—
1,000
1891-92...
1890-91...
M adras1891 92 ..
........
1890- 91...
All others—
189192...
2,000
1890- 91...
Total.
1,000
3,000
Total all—
1891- 92...
1890-91...
3.000
4.000
1,000
2,000
Great
Britain. Continent.
Total.
8,000
10,000
25.000
35.000
33.000
45.000
17.000
18.000
2,000
1,000
12.000
14.000
29.000
32.000
1,000
5,000
25.000
27.000
48.000
48.000
73.000
75.000
4.000
6.000
50.000
55.000
85.000
97.000
135.000
152.000
3.000
1.000
EXPORTS TO EUROPE FROM AL L IN D IA.
1891-92.
Shipments
to all Europe
from—
This
week.
Bom bay......... 58,000
4,000
All other ports.
Total.........
62,000
Since
Sept. 1.
1890-91.
This
week.
Since
Sept. 1.
1889-90.
This
week.
Since
Sept. 1.
533.000 45,000
135.000
6,000
720.000 82,000 1,090,000
152.000 13,000 204,000
668,000 51,000
872,000 95,000 1,294,000
TH E
770
CHRONICLE,
A lexandria R eceipts and Shipments.—Through arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the. movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
May 4.
1891-92.
1890-91.
1889-90.
6,000
4,606,000
Since
This
week. Sept. 1.
7,000
3,985,000
Since
This
week. Sept. 1.
4,000
3,133,000
Since
This
week. Sept. 1.
2,000 309.000
9,000 219.000
2,000 270.000
9,000 205.000
3.0Q0 252.000
4,000 146.000
Total E urope,....... 11,000 528,000 11,000 475,000
7,000 398,000
Receipts (cantars*)....
This w eek ....
Since Sept. 1.
Exports (bales)—
To Liverpool............
To Continent..........
This statement shows that the receipts for the week ending
May 4 were 6,000 cantars and the shipments to all Europe
11,000 bales.
Manchester Market .—Our report received by cable to-night
from Manchester states that the market continues firm for
both yams and shirtings. The demand for both yarn and cloth
is poor. We give the prices for to-day below and leave those
for previous weeks of this and last year for comparison:
1891.
1892.
32* Cop.
Twist.
d.
A p r .l 57e
« 86
• 15 61«
•
*« 22 6 * 4
« 29 6%
May öiöJfl
8H lbs.
Shirtings.
s. d. s.
411 ® 6
4 11 ®6
4 l l L j *6
5 0 <>
z6
®73s 5 l i « ?6
®77igi5 2 ®6
d.
©67e
®7
»7%
d.
3
3
4
4
6
7
Oott'n
Mid. 32* Cop.
Uplds Twist.
d.
3916
»8
33»
37e
37e
4
3
Oott’n
Mid.
UpId
81t lbs.
Shirtings.
d.
d. s. d.
7*8 ® 7 \ 5 11
7*8 ®7% 5 11
7*s ® 7 \ 5 11
7®i« »71 lia 5 11
71* ®711i 8 5 10
7*8 ®7*8 5 10
s. d.
®6 11
® 6 11
®6 11
® 6 11
®6 10
®6 10
d.
i 7«
#la16
4i»ia
4%,
#\
Ih r#
Overland Movement, «fee., to Ma y 1.—In our editorial
Columns to-day will be found our regular statement o f
Overland movement, receipts, exports, spinners’ takings, & c.,
brought down to May 1.
' J ute Butts, B agging, &c.—The market for jute bagging
has been steady during the week under review, with a fair
spot demand, The ruling prices at the close were 6%c. for
1% lbs., 7c. for 2 lbs. and 7 ^ c. for standard grades. Jute
butts have been rather quiet at 2 ^ @ 2 ^ c . for paper grades
and 2%c. for bagging quality.
D omestic E xports op Cotton Manufactures.—Through
the courtesy of Mr. S. G. Brock, Chief of the Bureau o f
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for March and for
the nine months ended Mch. 81, 1892, with like figures for the
corresponding periods of the previous year, and give them
below:
Quantities o f Manufactures of Cot Month ending Mch. 31. 9 mos. ending Mch. 31.
ton (colored ana, uncolored)
1891.
exported to—
1892.
1891-92.
1890-91.
U nited K ingdom .....................yards
G e r m a n y ..................................
“
Other countries in E urope.... “
British North A m erica.......... **
M e x ic o .... .............................. “
Central American States and
British Honduras................
“
C uba......................................... .
“
Puerto R ic o ........... .................. "
Santo Dom ingo........................ “
Other West indies.................. “
A rgentine Republic................
“
Brazil ........................................ “
United States o f C olom bia... “
Other countries in S. A m erica *'
China.......................................... “
British India and East Indies “
Other countries in A sia and
Oceanica................................. “
A frica ..................................... .
“
Other countries........................ “
T otal yards o f abov e.......
“
Total values o f above................
V alue per yard...................................
Values o f other Manufactures of
Cotton exported to—
U nited K ingdom ...............................
Germ any..............................................
F ra n ce.................................................
Other countries in Europe.............
British North Am erica.....................
M ex ico.................................................
Central American States A British
Honduras........................................
Cuba .
P uerto R ic o ........................................
Santo Dom ingo.................................
A rgentine R epublic..........................
Brazil..................................... ..............
United States o f Colom bia.............
Other countries in So. A m erica....
British possessions in Australasia
Other countries in Asia and
A frica ........ ........................................
Other countries.................................
504.601
14.809
119,916
136.477
506,089
647,890
29,137
34.381
68,276
1,131.845
111,708
895,812
366,053
2,043,942
14,245,634
747,300
537,266
420,910
1,689,209
1,810,642
31,871
271,886
74.593
865,201
6,030.013
225.578
1.796.178
005,240
0,365,987
7,887,118
412,843
1,506,435
372,929
6,255,030
697.476 6,362,644 6,348,175
30,251
314.493
233,443
3.012
38H.302
262,873
39,007
680,830
493,203
571.6Î9 7,621,580 10,499.8T8
110,535 1.330.204 1,034,172
265,701 5.756,03» 5.017.058
468,090 3,920,017 2,600.220
1,183,163 21,291,689 14,288,334
9.269,100 52,409,220 48,098.098
339,000 4,700,969 4,543,577
525,724
242,280
15,276
4,655,398
8,480,160
8,038,532
3,113,226
5,005,958
4,894:416
24,241,225 16,314,427 140,873,737 122,473,592
11,427,082 #1,088,030 #8,636,437 #8,458.604
#-0589
#•0607
#•0013
#•0091
Mills bought steadily and exporters were In the market, but the de
mand was short-lived, as silver having partially recovered from the
fall, and cotton in the home markets having more than 1 >st the advance,
we are again doll, with a desultory business from day to day and rates
on the old level. Arrivals into Bombay are slightly in excess of those
of the previous week, and are almost the same as those of the corre
sponding week of last year. Iu the up-country markets arrivals are
slightly larger than those of last week. The weather up country is
very hot, and the thermometer in many of the markets registers 108 de
grees in the shade. The first plowing for the ootton lands is now going
on in the Oomra districts.
¡Sh ip p in g N e w s . — T h e e x p o r ts o f o o tto n fr o m th e U n ited
States th e p a st w e e k , as p er la te s t m a l l re tu rn s , h a v e re a ch e d
78,119 bales. S o fa r as th e S ou th ern p orts are c o n ce rn e d , th ese
are th e sa m e e x p o rts rep o rte d b y te le g ra p h a n d p u b lish e d in
th e C h r o n ic l e la st F rid a y . W it h re g a rd t o N ew Y o r k w e
in clu d e th e m a n ife sts o f a ll v e ssels cle a r e d u p t o T h u rsd a y,
Total balet.
_
Saw Y ork —To Liverpool, per steamers Alaska, 945_ Aurania, 1,486 ...Bothnia, 2 ,2 5 6 ....Italy, 2,921__ Nasmyth,
2,074 ...Phidias, 2 ,1 1 9 ........................................................ 11,801
To Hull, per steamers Egyptian Monarch, l,851....G hazee,
1,303.....................
3,154
To Havre, per steamer La Touraine, 4 3 9 .................. ..........
439
To Bremen, per steamers Darmstadt, 1.400 ...Ems, 3 2 8 .... 1,728
To Antwerp, per steamers Chicago, 276___Rhynland, 168 .
464
To Genoa, per steamer Burgundia, 50....................................
50
To, Barcelona, per steamer Matteo Bruzzo, 9 6 ........................
96
Ne w Orleans—To Liverpool, per steamers Bernard Hall,
4,750....Texan, 7,200 ..................................
11,950
To 8t. Petersburg, per ship Friedlander, 4,800___per hark
Marinin, 2,510...........................................
7,310
To Barcelona, per hark Concepcion, 600 .............................. .
600
To Salerno, per hark Aniello Galatola, 2,111................ ........
2,111
To Genoa, per steamer Dunedin, 5,350............................. .
5,350
To Vera Cruz, per steamer Greetlands, 1 ,2 03 ......................... 1,203
3.308
Galveston—To Liverpool, per steamer Ida, 3,303........ .......... .
V elasco— Liverpool, per steamer Austerlltz, 3,753............... 3,753
To
Savannah—To Barcelona, per steamer Pawnee, 3,7 50 .............
3,750
To Genoa, per steamer Pawnee, 700........................................
700
Charleston—To St. Petersburg, per bark Skogsflord. 2,186 . . . 2,186
543
Norfolk —To Liverpool, per steamer John Sanderson, 5 4 3 .......
Boston—To Liverpool, per steamers Mioaigan, 2, n o ......Pales
tine, 2,042.......Philadelphian, l,042 ....Scythta, 492 . . . .
Venetian, 1 ,4 96 .......................... ........................................... 7,48Z
2 >7
To Hamburg, per steamer Europa, 257........ ..........................
To Halifax, per steamer Halifax, 125......................... ............
125
To Windsor, N. 8., per schooner Josephine. 1..........................
1
B altimore—To Liverpool, per steamers Barrowinore, 200 . . .
Ernesto, 1,754....Peruvian, 1 ,3 67 .... .......................... .
3,321
To London, per steamer British King', 2 5 0 ..............................
250
To Bremen, per steamer Dresden, 4,756............................ . . . 4,758
671
To Hamburg, per steamer Venetia, 671...................................
To Rotterdam, per steamer Schiedam, 299 . . . . ......................
299
P hiladelphia —To Liverpool, per steamer Lord Olive, 461.......
461
Total............. .................................................................. ............ 78,119
The particulars of these shipments, arranged in onr usual
form, are as follows:
New York.
N. Orleans.
Galveston.
Velasco....
Savannah.
Charleston.
N orfolk....
Boston . . . .
Baltimore'.
Philadelp’a
Boil'd,
Bremen BtlgiHull
A Ham- um A
Liver- A Lonpool. don. Havre, burg. Russia,
439 1,728
464
11,801 3,154
11.950 ........ ..................... 7,310
3,308
3,753
..
2,186
543
257
7,482
3,321
250 " " " " 5,427 ‘ "299
461
T o ta l.... 42.619 3,404
B'lona, Mexi
Genoa co A
A Sal- Nova
er'no Scotia. Total.
17,732
146
8,061 1,203 28,524
3,308
3,753
4,450
4,450
2,186
543
7,865
126
9,297
461
439 7,412 10,259 12,657 1,329 78,119
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
N e w O r l e a n s —To Liverpool—
May 2 -Steamers Allota, 5.800; Nloara
guan, 7,705.......May 3 —Steamer Satnrnina, 3,900.....M a y # —
Steamer Wm, Cliffe, 4,578.
To H avre-April 3 0 —
Steamer Marseille, 7,365.¿..M ay 3—Steamer
Bendi, 9,000.
To Bremen—May 5 —Steamer Aocomao, 6,161.
To Hamburg—
April 29—Steamer Highland Prince, 1,181.
N o r f o l k — To Liverpool—
May 2 —
Steamer Bavarian, 1,304.
West P oint—T o Liverpool—May 6—Steamer John Sanderson, 5,042.
Boston—To inverpooi—April 28 —
Steamer Angloman, 1 ,8 2 6 ....April
29 —Steamer Catalonia, 2,316___May 2 -Steamer Norseman, 419.
B a l t im o r e —To Liverpool—April 19—
Steamer Federioo, 834 ...A pril
29—Steamer Queenstnore, 1 74 3 ....M ay 3 —
Steamer Nova Scotian,
311.
To London—
Aoril 23—Steamer Maryland. 200.
To Bremen—May 4—Steamer Karlsruhe, 5,709.
To Havre—April 30 -Steamer Nerano. 682.
To Amsterdam—April 30 -Steamer P. Caland. 175.
To Antwerp—April 28—
Steamer Regina, 1,593.
P h i l a d e l p h i a — To Liverpool—May 3—Steamer British Princess, 435.
Cotton freights the past week have been aa follows:
#17.474
2,277
6
5,514
60,615
15,414
#29,818
1,556
754
573
57,500
11,712
#131,861
50.372
4.898
16,183
565,138
121,896
#211,262
17.275
2,162
34,768
340,365
127,899
4,823
6,480
132
177
4,551
826
6.425
2.278
6,107
7,205
3,717
3,758
472
5,488
3,412
92
1,893
2.847
2,83i
3,433
64,028
51,798
3,857
8,777
34,523
7,512
54,956
25.55C
39.372
78.69C
58,260
31,209
4,246
6,955
35,788
5,716
30.038
39.620
' 30,498
40,096
15.432
2,016
2,047
15,700
1,030
9,293
230,256
8,402
10,034
210,177
8,133
20,793
Total value o f other m anufac
tures o f ................... .....................
#159,794
#155,916 #1,503,103 #1,255,260
Aggregate value o f all cotton goods #1,586.876 #1,243.946 #10,139,540 #9.713,924
E ast I ndia Crop .—The following is from Messrs. Gaddum,
Bythell & Co.’s report, dated Bombay, April 2:
LVol . LIV
Satur.
Mon.
Tues.
Wednes. Thurs.
Fri.
Liverpool, steam d.
764
’ et
7e*
76t
S82
332
....
....
....
....
Do
bid-.-d.
333
832
76i ®’1 le i® 1
8
*8
#
*8
Havre, Bteam...d.
*8
—
....
....
....
....
....
Do
............d.
Bremen, steam, .d.
9e#
9e4
9e*
964
90*
964
....
....
....
....
....
....
Do indirect..^.
Hamburg,Bteam.d.
“ e#
“ 04
U6i
H04
11at
....
—•
....
....
....
....
......... d.
Do
30*
30*
30*
30*
Amst’d’m,steam.d. 32 V
32V
....
....
....
....
. ...
....
Indireot.......... d.
#
Reval, steam___d. Sie®1 316 ® H Sie®1 Sie®1 Sie®1 »io® 1
#
#
#
#
....
....
....
....
••
••
- . ..
Do
............... d.
*
Barcelona,steam d.
J#
H
Genoa, steam ...d.
3ie
31«®1364 310®1364 3ie® 1364 Sie®18##
316
Trieste, steam ...d. 732®1764 732®1764 732®1764 732®1764 732® 1764 73 2 ® 1Ta *
>8
Antwerp, steam, d. 7 6 4 ® ^ 7 0 4 ® ^ 764 ® 18 76 4 ® * 8
* Cents, per 100 lbs.
TH E
M a y 7, 1892.]
L i v e r p o o l . —By cable from Liverpool we have the follow ing
Statement o f the week’s sales, stocks, &c., at that port:
April
April 14.
29.000
40.000
1,000
1,400
4,100
5,300
22.000
32.000
4,000
6,000
38.000
43.000
1.690.000 *1705000
Of which American—Estim’ d 1.457.000 1,472,000
62.000
66.000
Total import of the week........
53.000
58,000
110,000 115,000
95.000
90,000
Of which American...............
* 5,200 bales burnt deducted.
Bales of the week............bales.
Of which exporters to o k ....
Of which speculators took..
29.
37.000
2,800
2,400
28.000
4,000
48,000
1,729,000
1 ,4 9 4 ,0 0 0
7 6 .0 0 0
6 4 .0 0 0
8 5 .0 0 0
6 0 .0 0 0 1
3 5 .0 0 0
3 .7 0 0
5 .7 0 0
2 8 .0 0 0
5 ,O O o
4 1 .0 0 0
1 ,7 2 9 ,0 0 o
1 ,4 9 1 ,0 0 o
4 6 ,O O o
3 4 ,O O o
1 0 0 ,0 0 o
8 0 ,0 0 q
Saturday Monday. Tuesday. Wednes. Thursd’y. Friday.
M a rk et, 1
1 :4 5 p . m . J
In buyers'
fa vor.
Mid.Upl’ds.
tS°
C
O
S p e c. A e x p .
3 ,0 0 0
500
Futures.
Firm er.
3*8
3 ,0 0 0
200
Easier.
3*8
4 ,0 0 0
1 ,0 0 0
Easy at
Firm at
Easy at
\2-64 @3-64 2-64 @3-04 2-64 @3-64
M a rk et,
1 :4 5 p . m . J
M a rk et, ?
4 P. M. J
decline.
advance.
Quiet.
Firm.
Fair
business
doing.
Small
Inquiry.
Harden’«.
3 16 i b
3 1 5 18
6 ,0 0 0
800
8 ,0 0 0
1 ,0 0 0
Steady.
Steady at
partially
1-64 dec.
Firm at
4-64 ad
vance.
Quiet but
steady.
Quiet.
Quiet.
decline.
Quiet.
but the premium on No. 2 red winter was reduced to 7c. over
May, delivered.
D A IL Y
CLOSING P R IO R S O P N O . 2 R B D W I N T E R W H E A T .
Sat.
.0. 903g
.0. 90%
903s
89*8
893a
c. 90%
92
.0. 95=8
May 6.
The tone of the Liverpool market for spots and futures each
day o f the week ending May 6, and the daily closing prices
Spot.
771
CHRONICLE.
Mon.
90%
89%,
89*8
89%
89 %
92
95 «8
Tues.
90
90*8
903s
90
90
9038
92*8
9668
Thürs.
92ia
92%
93ie
92%
92%
9318
9514
991s
Wed.
90i8
9038
90%
90i*
901«
91
93
96%
Fri.
91
91
91%
91
90%
913s
93%
97%
I n d ia n corn nas auvauuwu. uum
vtu*ouu ca u j m
the week under review. Contracts for April delivery were
settled on the basis of 63c. for No. 2 mixed, showing that the
“ corner” was maintained with vigor to the close. Weather
at the West has been reported unfavorable to planting opera
tions. The export demand was active and receipts at primary
points were nowhere excessive. A fresh advance in values
was the result, but this caused yesterday decided dulness
in the spot market. Shippers mostly withdrew or bought
only to complete cargoes. The market to-day lost most of
yesterday’s advance in futures, and the spot market, though
about steady, was very dull.
D A I L Y C LO SIN G P R IC E S O P N O . 2 M IX E D C O R N .
Sat.
473a
45%
.0. 45*8
,0. 46
4
1 0 ,0 0 0
1 ,0 0 0
Mon.
47*8
45%
46
46%
Tues.
49%
47
47%
47%
Thurs.
52
48%
48%
49
Wed.
50%
47
47%
47%
Fri.
51%
47%
47%
47%
Oats have been unsettled, fluctuating pretty closely in sympaty with corn. An advance yesterday brought out very
free sellers to-day, under which values gave way.
D A I L Y C LO SIN G P R IC E S O P N O . 2 M IX E D O A T S .
Sat.
.0.
May delivery............. ..o. 33%
Mon.
33%
Tues.
33%
Wed.
34%
Thurs.
35
Fri.
34%
34%
34%
35
3338
33*8
The opening, highest, lowest and closing prices of futures a t June d e liv e r y ...........o . 33%
35
34%
34%
34
333s
33%
Liverpool for each day are given below. Prices are on the July delivery.............. o. 33%
Rye has been depressed, but closes steadier though quiet.
basis of Uplands, Low Middling clause, unless otherwise stated :
The following are closing quotations:
Sat., A pr. 3 0 .
June-July...
July-Aug...
Aug.-Sept..
September..
Bept.-Oct...
■Oct.-Nov....
Nov.-Dee...
Dec.-Jan....
Jan.-Feb ...
Open High Low. Clos. Open High
d.
d.
d.
d.
d. d.
3 62 3 53 8 52 3 63 3 65 3 56
3 62 8 63 3 62 3 53 3 55 3 56
3 66 8 66 3 55 8 66 358 8 58
8 68 3 69 3 68 3 59 3 61 3 61
8 61 3 61 3 61 3 61 3 63 4 00
8 63 4 00 3 68 4 00 4 02 4 02
3 63 4 00 3 63 4 00 4 02 4 02
4 02 4 02 4 02 4 02 4 05 4 05
4 05 4 05 4 05 4 05 407 4 08
410 410
T u e«., M ay 3.
Low. Clos. Open High
d.
3 65
3 65
3 67
360
3 62
4 01
4 01
4 03
4 06
4 09
d.
3 55
3 55
3 57
3 60
3 63
4 01
4 01
4 04
4 07
4 09
d.
3 52
3 52
3 65
3 57
3 60
3 63
8 63
4 01
4 04
4 07
d.
3 56
3 56
358
3 61
4 00
4 02
4 02
4 05
4 07
4 09
PLOUR.
Fine.................V bill. $2 00®$2 50 Patent, w in te r ....... $4 55®$4 90
Low. CU». Superfine.................... 2 25® 2 85 City mills extra s..... 4 60® 4 75
Extra, No. 2 . . . . . . . . 2 50® 3 15 Rye flour, superfine.. 4 00® 4 25
Fine............. .................... ® . . . .
d. d.
Extra, No. 1 . . . . . . . . . 3 25® 3 75
3 52 3 56 Clears......................... 3 85® 4 40 Corn meal—
Western, &o.. . . . . . . 2 80 ® 2 90
Straights............... . 4 25® 4 65
3 52 3 56
B ra n dyw in e........ 3 0 0 ® . . . .
355 3 58 Patent, s p rin g ........ 4 50® 4 90
[Wheat flour in sacks sells at prices below those for barrels.]
3 67 3 61
GRAIN.
3 60 4 00
Com, per bush.—
Wheat—
o.
o.
3 63 4 02
West’n m ixed. . . . . 48
55
Spring, per bush... 80 ® 1 0 0
3 63 4 02
51%
Steamer No. 2 ...... 50
Red winter No. 2 .. 96%;® 98
55
West’n y ello w ..... 50
4 01 4 05
Red winter.......... 80 ®1 00
53
Western w hite. . . . 53
White..................... 88 ® 98
4 04 4 07
R ye4 07 4 09 Oats—M ixed.. $ bu. 34 ® 36
83
Western, per hush. 81
White..................... 36*3® 40
83
State and Jersey.. 81
No. 2 m ix e d ....... 34*4® 35%
Barley—No.2West’n. 67
68
No. 2 w hite.......... 37*4® 38%
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. W e first give the receipts at
Open High Low. Clos. Open High Low. Clos. Open High Low. Olos. Western lake and river ports, arranged so as to present the
comparative movement for the week ending April 30, 1892,
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
end since August 1, for each of the last three years:
W ed., M ay 4 .
May...........
May-June..
June-July...
July-Aug...
Aug.-Sept .
September..
Bept.-Oct...
Oet.-Nov....
Nov.-Dee...
Dec.-Jan....
-Jan.-Feb...
Mon., M ay 2.
8 67
8 67
8 60
8 0S
4 01
4 04
4 04
4 06
4 08
411
368
3 58
8 61
8 63
4 02
4 05
4 05
4 07
410
412
8 57
3 57
3 60
363
4 01
404
404
4 00
408
411
8 58
3 58
3 61
3 63
4 02
4 05
4 05
4 07
410
412
B R E A D
T h u n ., M ay 5.
8 60
3 60
3 62
4 01
4 03
4 03
4 06
4 08
411
413
s
3 59
3 69
3 61
3 63
4 02
4 05
4 05
4 07
4 09
412
3 63
3 63
4 01
4 03
4 06
4 08
408
410
412
415
TUFF
s.
3 60
3 60
3 68
4 01
4 04
4 06
4 06
4 09
411
414
3 59
3 59
3 61
3 63
4 02
4 04
4 04
4*7
4 09
411
F rl., M ay 6.
3 63
3 63
4 01
4 03
4 06
4 08
4 08
410
413
415
3 61
3 61
3 63
4 01
4 01
4 06
4 06
4 09
411
413
3 61
3 61
3 63
4 02
4 04
4 07
4 07
4 09
4 il
414
F r i d a y , May 6, 1892.
There has been a good demand for wheat flour and prices
have latterly*had a hardening tendency, but the demand ha;
been most urgent for the better grades from winter wheat,
and in these the improvement in values has been most decided;
"Yesterday transactions were kept in comparatively small
limits by the local trade holding off and the limits of shippers
not permitting them to pay the higher prices pretty uni
form ly demanded. The coarser stuffs have also been more
active, at full and hardening values. To-day the market was
dull, except for city mills, and such other grades as went at
cheaper prices.
The v heat market shows a considerable improvement in
prices for contracts, while “ spot” wheat has been somewhat
unsettled, owing to the high premium at which it has ruled
over May contracts. The chief sources of strength to values
for contracts have been the large purchases for export.
Yesterday a report that Russia is about to prohibit the export
ation of wheat for the remainder of the current crop year
was a fresh element of strength. The business for export
was mainly in No. 1 Northern spring, which went at l^ c .@
lj£c. over the price of May contracts, delivered ; and other
sales were No. 2 red winter at 98J^c. and 73^c. over May de
livered ; No. 3 Kansas hard at 3c. under June delivered, and
No. 2 Milwaukee at lj^c. under May delivered. To-day the
market for futures lost most of yesterday’s advance, owing to
better weather at the West and the contradiction of yester
d a y ’s report from Russia. The export business was liberal,
Bye.
Oats.
Oorn.
BarievWheat.
Flour.
mts.imib Bush.00 lbr Buek.56 lb BttsASSU» Buek.43 lb Bu. 561 1
218,048
39,372
997,545 1,279,067
139,704
06,008
Obloago......
72,000
27,880
64,000
13,920
141,450
95,825
Milwaukee..
.....
815,570
99.452
Duluth.........
870,660
Minneapolis.
2,000
4,500
85,100
81,700
1,359
Toledo........
19,297
29,596
21,043
60,544
8,745
Detroit.. . .
115
37,129
5,029
4,994
20,636
5,824
Jleveland....
6,300
11,954
119,865
295,350
113,253
25,751
4t. Louis......
12,000
187,001
1,100
273,400
13,500
3,450
Peoria.......
332,074
82,421
331,412 2,280,417 1,693,553 1,713,157
Pot.wk. ’93
153,042
60,951
200,187 2,236,813 2,963.767 2,134,567
ame wk.’ rfl
323,880 156,436
2,507,759
198,147 1,743,756 3,329,713
lame wk.’SO
.
i nee Aug. 1.
1391-93...... 9,590,248 193,024,055 97,508,624 81,377,013 29,143,377 13,729,968
1890-91...... 8,325,048 93,556,817 72,869,581 71,751,792 27,623,759 3,838,003
9,081,026 101,631,289 136,969,453 67,212,209 23,712,888 5,123,424
1389-90....
Seeeipt* at—
The reoeipts o f flour and gram at the seaboard ports for the
week ended April 30, 1892, follow :
Flour,
Wheat,
At—
bbls.
bush.
New York....... 120,987 1,870,906
B o s to n ........ 49,848 152,895
Montreal......... 8,581
68,386
Philadelphia.. 56,612 240,116
B altim ore.... 57,830 337,665
Richmond . . . . 7,203
33,900
New Orleans.. 15,661 219,679
Oom,
bush,
513,650
81,387
1,249
836,403
539,855
12,988
416,967
Oats, Barley,
bush.
bush.
728,775 19,500
165,286
515
5 ,3 1 5
62,414
7,200
85,280
22,000
1,206
50,433
Total week..316,722 2,923.547 2,402,499 1,115,394 33,030
Cor. week’ 91.254,569 699,959 392,571 590,351 42,190
B ye,
bush.
24,800
56,490
"6Ö0
81,890
6,000
Below are the rail shipments of flour and grain from
Western lake and river ports for four years:
1892.
Week
April 30.
240,849
1891.
Week
May 2.
249,582
1890.
Week
May 3.
235,194
1889.
Week
May 4.
136,100
Wheat.......... bush. 483,067
Corn. . . . . . . . ............ 568,537
Oats............ . . . . . . . . . 1,048,501
191,652
B a rley....... .............
74,947
»»ye............. .............
512,624
783,147
1,211,528
105,005
34,522
318,996
1,703,816
1,850,022
126,110
113,420
455,370
225,816
677,078
92,432
46,386
2,646.826
4,112,364
1,487,582
Flour . . . . . . . ...b b ls .
T o ta l... ...........
2.366.704
772
TH E
CHRONICLE.
The exports from the several seaboard ports for the week
ending April 80, 1892, are shown in the annexed statement:
Exports
fro m —
Wheat.
Com.
Oats.
flou r.
By«.
Pea*
Bush.
47,623
Bush.
21,285
415
Bush
778
22,987
38,670
Bush.
798,530
217,225
35,586
Bush.
405,073
29,514
Bbls.
69,287
38,187
2,343
348,910
330,924
292,500
181,650
809,332
311,378
470,187
30,000
27,980
121,019
462
12,296
Tot. week. 2,205,325 2,055,484
B’me time
1 8 9 1 ... 430,015 323,529
271,574
81,687
257,065
3,471
New York
Boston...
Portland.
Norfolk..
PhUadel.
Baltim’re
N. Orl’ns.
N.News..
Rlohm 'd.
34,064
8,571
......
........
62,435
30,271
43,754
The visible supply of grain, comprising the stocks in granary
at the principal points o f accumulation at lake and seaboard
ports, April 80, 1892:
Bar ey
Wheat,
Oom,
Oats,
Bye,
bx .
u /%
In store at—
bush.
bush.
bush.
bush.
50,000
N aw York............ 1,524,000
458,000 802,000 87,000
10,000
Do afloat..........................................................
24,000
A lbany....................................
10,000
19,000
6,000
68,000
Buffalo ..............
375,000
336,000 208,000
6,000
Do afloat........
17,000
...................... .......
44,000
18,000
Ohioago............... 7,940,000 1,886,000 754,000 366,000
Milwaukee..........
275,000
9,000
4,000 36,000 108,000
D u lu th ................ 12,955,000
..............................
............
T oled o.................
225,000
81,000
94,000 69,000
15.000
Detroit.................
108,000
15,000
18,000
5,000
20.000
Oswego__ . . . . . .
30,000
................................................
17,000
8t. Louis.............
307,000
432,000
72,000
3,000
50,000
.......................... .
Do
afloat................... .
26,000
Cincinnati..........
7,000
1,000
42,000
5,000
9,000
136,000
50,000
54,000
3,000
Boston.................
93.000
Toronto___. . . . . .
159,000
11,000
............
98.000
Montreal.............
673,000
............ 563,000
40,000
Philadelphia.......
238,000
946,000 173,000
............
1,000
Peoria..................
19,000
58,000
51,000 14,000
Indianapolis.......
10,000
25,000
55,000
1,000
Kansas City.......
353,000
66,000
8,000
8,000
469,000
447,000
96,000
81,000
Baltimore............
Minneapolis........ 8,331,000
1,000
29,000
..... 3,000
On Mississippi...
76,000 228,000
32,000 ............
On Lakes............ 3,717,000
908,000 539,000 ............
On canal & river.
........
. . . . . . . .................
17,000
rvoL. L rv .
Fair-sized orders have been placed for brown, bleached and
colored cottons and for cotton flannels for later delivery, but
current takings on new orders are limited. Prices are gen
erally steady on the spot. Stocks do not appear so abundant
as they did a short time ago, but in heavy-weight brown
sheetings and outside tickets of bleached shirtings there is
still an ample supply offering. Low-grade goods of the glovefinished cambric order are scarce, owing to the short supply
of print cloths of low count, and prices have generally been
advanced to % c . per yard. Prints and ginghams are quiet, a t
first hands, but in somewhat better movement with jobbers».
The latter are indulging in considerable quiet cutting in some
lines of fancy prints and in medium-priced dress styles in
ginghams, in order to clean up stocks. Their prices for brown
and bleached cottons also are below agents’ quotations in
quite a number of tickets. Print cloths have ruled strong,
with an upward tendency; 64x64s are quoted at 3%o., less
per cent, and 56x60s at 2%c., but sellers are very reserved.
1892.
Stock o f Print Oloths—
April 30.
Held by Providence manufacturers. 3,000
Fall River m a n u fa ctu rers........... 3 >,000
Outside speculators (e s t)............... None.
1891.
May 2.
417.000
273.000
None.
1890.
May 3.
370,000
52,000
None;
Total stock (pieces).................. . . 39,000
690,000
422,000
deliveries have been
made of autumn styles by agents during the week in piecedved and fancy woolens and worsted for men’s wear, but new
business of every description, except dress goods, has been,
restricted in wool fabrics. A few orders have been forth
coming for small parcels o f light weights to piece out the
clothing trade requirements for summer, and the trade is
operating very cautiously on heavy weights. In suitings,
chevio„ts and tweeds have the preference in such business a»
is passing. The market is steady, however, with many mills
well under orders in trouserings, suitings, overcoatings and
cloakings. Satinets and cotton-warp cassimeres in leading
makes are also in fairly good shape. Flannels and blankets
are quiet, but evidences of more interest being taken in them
shortly are not lacking. Dress goods o f the staple order are
in demand, and large engagements for autumn in these havebeen recorded. Fancy styles have also been well ordered, but
the prevailing indications are that the coming season will be?
Tot. Apr. 30,'92. 37,944,000 6,057,000 3,624,000 815,000 536,000 largely a plain-faced one.
Tot. Apr. 23.’92. 39,152,000 7,342,000 3,114,000 966,000 718,000
Tot. May 2,'91. 2 L,063,348 3,124,700 2,838,822 426,520 592,843
F oreig n D r y G o o d s . —A quiet business has been done in
Tot. M iy 3,’90. 23,456,599 12,689,935 3,734,165 990,524 830 767
Tot. May 4 /8 9 . 25,270,734 12,113,861 7,143,138 1,430.228 735,638 seasonable goods which, outside o f all-wool Henriettas,
serges, Bedford cords and broadcloths, are1
somewhat irregu
lar in price, specialties in stock being severely cut in a number
of instances. For autumn deliveries of dress fabrics in
THE DRY GOODS TRADE.
woolen, silk and mixtures good orders have been placed,
N *w Y ork , Friday P. M., May 6,1892.
leading makes realizing the advance previously reported.
There has been an increase in the number of buyers in the Ribbons are also in good request for fall, as higher prices are
market this week, and some fair-sized engagements have expected to rule later on.
been placed for fall delivery in leading lines of domestic and
Im p o rta tio n s o f O r r G oo d s.
staple products, as well as for specialties. The interest dis
The importations o f dry goods at this port for the week
played by buyers has been more marked in this direction
than in transactions to be filled immediately.
Snot business ending May 5, 1892, and since Jan. 1, and the same facta
all around has in fact again been quiet. As stated last week, for the corresponding periods o f last year are as follows:
some of the stocks which had been pressing on the market
M
0
1
^
a
»
were recently moved off at low prices, and with this relief
fsgSSS
©8
®
p
i
the general tone has become steadier. This week’s experi
0 m
K » o '- “
?2 .5
5“. - i i l
ence has shown no further improvement except in low grade
ai
stuff closely allied to print cloths, as noted below, but buyers
are not now so sanguine of securing better terms as the year
0Î
d!
O •
D
advances as they were a few weeks back. A t second hands
P•
business has been somewhat better than last week, finer
B;
«•
weather helping the local jobbing trade. Reports from the
West and Northwest still show distribution retarded by
< ww
1
I
to I V m CO CO 05
MtOtO
to 05 ; O'
AMtSW
ss
storms and bad roads, which in some degree accounts for the
»-»
O ' CO CO00 CO
05C C O O
O O 'C
M tO
00 O' 00 c o o
O 1 CO <1 CO C 00
O
0 C I-1
0 P 05
Q
<* tfrO'O' <105
current consumptive demand at first hands continuing indif
M
M I
ferent, despite the change of opinion referred to above. The
* fc ¡
g
to
M tO tf* tO M
toco
to G i
O
MS,
O'<10*00
O'
0 5 ^ 0 * -* ^
O
'*-*
export trade continues quiet. Houses in the China trade are
O 'J \
* I
O'
o*p ppoipo*
Or 00
C **
O
not hopeful of any improvement in that direction—are
¡SS
Ìf*0*tf*
to
C O M ^ lO 'tf*
O ^ J O I to
W
tf* © W
M
M 00 O' if* tO
r- if* O 00C C oo
' OO
to 05 COCO
doubtful in fact of holding their own. The compromise
CO M if* to If* to
O OCO'JO
C
C h- 00O
O
'
coco
measure which has passed through Congress, while less se
C to
O
C I
O
vere in its anti-Chinese spirit than the original Geary bill,
O'
if* CO to to M
O Oj
'C
po p o p o p p p
ppo*o^
0
00O 0*00O'000
'
is regarded as a decidedly adverse factor in a situation of
CO ^ ^ 4 w if*if*
M©<1WC0
CC ! o w -V o
OO
itself not too encouraging at present.
00
CO 4* 05 h-* <1
.W
CO©<llf*
d
0 *0I to o cogito
0CO F - CO O'h-* C
O
C 0*000 co
O
O
C < 1 C F-»-*00
Ol
D om estic C otton G o o d s . —The exports o f cotton goods
from this port for the week ending May 3 were 5,027
< j O'O'W0
1
5
Hto W H
C
W
MC W O
O C
4- O'Lsq < M
o|
packages, valued at $241,794, their destination being to the
» < ; 0»£*05054*
(* 1
c* o w ©
jw
l-4 M CO-si 00 4*
If*if*00© if*
C 05<IO^
0
points specified in the table below:
M ! 00p<| WtO
p o^ -p p
05Q
0C0O 0
C
New Y ork
to
Ma t 3.
Great B ritain............. .
Ollier E uropean..................
C h ina............. ................... .
I n d ia .........................
A ra b ia ............. ....................
Africa____________________
West Indies....... ....................
Mexico.......................
Central A m e r ic a .............
South A m erica ..... . . . . . . . . . .
Other co u n tries...............
Total.................................
China, via Vancouver
1892.
1891.
Week. Since Jan. 1.
D o m estic W
CO I 1^
O'00O© ©
r-4 © C
if* O
M *C C C
O OOO
■'J|-»O O »
CO
OO
-40 4*O' C C O'
0t0
if*C C
O 005r-*C
tf* ! O'Vkr colo
00 O 05C O M
' O'
< I 05G < I-1O
1
OJ '
05if* to O ' t o CO
<llf* P » CO to c o o
O O ©^J<l<l W
C
COXWOOl
O O' <14* C
'
O
OOOO
O C C ri*
Week. Since Jan. 1
38
24
3,210
25
1*8
387
107
128
1,045
45
5,027
2,040
595
41,534
2,549
3,709
3,921
6,533
1,603
2,506
15,576
1,223
110
53
760
2"*ii
55
23
102
294
13
1,883
651
53,315
4,319
3,257
1,647
4,743
1,190
2,839
11,040
709
81,789
6,300
1,423
85,593
12,855
T o ta l.......................... .
5,027
88,089
* From New England mill points direct.
1,423
05W GO 7 05 ^ r •JO to to O Oto
'C
oo
The value o f the New York exports since January 1 have
been $4,210,973 in 1892 against $4,529,480 in 1891.
0 0 »*
CC
OO
< to
1
pp
»O
O00 to O O C M
B
O
coco O C to O C
O 'C J
O'to C to O O^
© 0 0 ; tO H if* CO 05
C 05 ! 0 5 'J h - O ' 05
O
o* to ! © i f * © © W
C MM0 tOM
O
5
< O< < 0*0»
4
14
05 I 0000p<| tOH
O j Q H M|
O *tO <
C C tO O JtO
O O C^
O I tO 'Q C ^
'
O O OJ
C
O
COMtOp»
coo 00000 05to
O'
-4M O'O'to C O
5
05C lf*tCM© 3
O
98,448
o o l e n s . —Considerable
coto
p -
MMMM
C o*C
0^V 5^0
C O o o a CO >f*
c o p t o to < i
ooV hhV oîo
cocO G tffc^J
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c o c o j 4 * o o 0 5 a : 4*
<1 CO | f***F *t005
© M I 00 O to ^4 If*
C
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C
M
rf* C C O rf*
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COCO I O ' O ' < 1 M CO
poo cop<i © w
0000 O<JOt0<|
0*05
0*05 CO — CO
COOP 1 00 to < 1 <14*
C I I-4 O O'O'
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-1 COviOCDM
05 I O C C ^
'tO O O 4
p I pjpwtO<JX
Í-* i 05<1^000^
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M a y 7, 1892.]
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State
TH E
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,—
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and
CHRONICLE.
'■
City Department.
TERMS OF SUBSCRIPTION.
Com m ercial and Financial C H R O S IC L E con
tains 40 to 64 pages published every week.
State and City Supplement of C H R O N IC LE con
tains 184 pages published several times each year.
Investors’ Supplement of C H R O N IC LE (a Cyclo
paedia of Railroad Securities) contains 160 pages published
every other month.
Subscription to CHRONICLE for one year $10.00,
which includes every issue of both S u p p l e m e n t s .
T h e purpose o f this State and City D epartm ent
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence if every Subscriber will note in his S u p p l e
m en t on the page designated at the head o f each item a
reference to the page where the item in the C h b o n ic l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
H AS K IN G S COUNTY EXCEEDED IT S D E B T
L IM IT ?
Quite a surprise has been given the public respecting
the Kings County debt situation by the action of the East
River Savings Institution this week. It seems that the
East River Bank bought $90,000 worth of a recent
offer of bonds by the county, but now states that on
the advice of its counsel it must refuse to take
them, because the issue of bonds is illegal in that the
county has already bonded itself in excess of the limit
the law has fixed.
All the facts and Constitutional provisions necessary
for a complete understanding of the issue here raised
will be found in our State an d Cit y Supplement.
First it will be noted that the county, the city and the
village are distinct and wholly separate municipalities.
This condition would seem to be obvious and beyond
dispute, but it is well enough to add that it is recog
nized in the Constitution and is embodied in the
statutes. As a further preliminary it appears to be
necessary to say (although every one we presume knows
it) that in matters pertaining to the county, its control
and jurisdiction cover and include all the cities and
villages within its territorial limits and are co-extensive
with those limits. If the Constitution or statutes of
the State should treat of the population of the county,
the provision would most assuredly be understood as
based upon and including not only the population of
the country districts but the population of the cities
and villages as well. Should the Constitution or laws
treat of the banking capital of any county, it would be
construed as referring not only to the banking capital
outside of the cities and villages but inside those muni
cipalities as well. These all appear to be such familiar
truths that they hardly need to be stated.
And yet although the above propositions are so selfevident do they not include and control the Kings
County case? The new State Constitution provides by
an amendment adopted in 1884 to the instrument
framed in 1846, that “ no county containing a city of
“ over 100,000 inhabitants, or any such city, shall be
77$ ?
“ allowed to become indebted for any purpose or in any"
“ manner to an amount which, including existing“ indebtedness, shall exceed 10 percentum of the
“ assessed valuation of the real estate of such county or
“ city, subject to taxation as it appeared by the assess“ ment rolls of said county or city on the last as3ess“ ment for State or county taxes prior to the incurring
“ of such indebtedness; and all indebtedness in excess
“ of such limitation except such as may now exist shall
“ be absolutely void, except as herein otherwise pro“ vided.” Even the words with which the amendmentstarts include the city as a part of the county. “ No
“ county containing a city shall be allowed,” &c., is theform in which the section begins. Then further it
goes on to provide that the county shall not become
indebted to an amount “ which shall exceed 10 per
“ cent ” — of what? Why “ of the assessed valuation of
“ the real estate of such county.” Does any one mean
to claim that the real estate of Brooklyn is not a part of
the real estate included in the assessed valuation of the
County of Kings?
But the section does not even stop with the forego
ing ; its subsequent statements make the meaning even
more explicit and clear. Further on in the portion we
have cited above, the words “ assessed valuation” are
explained by stating that those words refer to the as
sessed valuation of the real estate of such county as it
appeared by the assessment rolls of said county “ on
“ the last assessment for State or county taxes.” A ll
one has to do to obtain a concise definition of the fore
going is therefore to turn to our Revised Statutes and
see what relation the counties of the State hold with
respect to State taxes. Their position and duty in that
matter will be found fully explained in Volume II of
the Revised Statutes on page3 1,001 and 1,020, and on
some of the pages between those named. We need not
fill up our space by citing at length the law as it now
stands. Section 9, page 1,001, provides that the amount
of State tax “ which each county is to pay ” as fixed by
the Comptroller “ shall be assessed by the supervisors,” "
etc.
Again on page 1,020, Section 8, it is stated
that « the Comptroller shall from the annual returns
“ made to him of the valuations of real and personal
“ estates in the several counties in this State charge
“ the several county treasurers with the amount of the
“ State taxes.” In brief, the State taxes are charged
against and collected from the owners of the property
lying within the territorial limits of the whole county
on an assessed valuation which it really does not need to
be said includes the cities and villages as well as the
country districts.
Upon these facts it seems to us apparent that for all
purposes within the legitimate objects of each organi
zation Kings County and Brooklyn are two separate
and distinct bodies, with in each case real estate limits,
and real estate valuations co-extensive with the territory
which falls within the boundaries of each. If this be
true for purposes of taxation, it must be true for bond
ing purposes under the Constitutional amendment, forthe meaning of the words “ assessed valuation ” is
for the two purposes made synonymous by the amend
ment. We are not discussing what should be, but
what is. Perhaps if we were framing an amendment,
we might consider it wise to make it read so that the
county “ assessed valuation” for borrowing purposes
should be made up by deducting from its actual
“ assessed valuation ” the assessed valuation of every
municipality within the county limits that borrows
money, for if the valuation of one should be deducted^
774
THE
CHRONICLE.
the valuation of all city and village borrowers most
clearly should be. But that is not the case. We are
not framing an amendment to the Constitution, we are
simply interpreting the one that was added to the New
Y ork State Constitution in 1884. And we say, accord
ing to that instrument, the assessed real estate valua
tion for borrowing purposes of Brooklyn is $448,802,470, and for .the county of Kings is $468,056,128.
That this view is the correct one is further obvious
when we call to mind what is done with the county
money borrowed. Has not Brooklyn within its limits
county buildings, to pay for which a large portion of
the proceeds of the loans was obtained? This sugges
tion would not be of any weight in this discussion were
it not that some of the buildings are needful in the con
duct of county business and are necessarily situated in
Brooklyn. Is the county to be compelled to borrow
and spend money in that city and not be permitted to
levy taxes on its real estate to pay the interest and prin
cipal when due? Furthermore, if Brooklyn real estate
is not a part of the assessed valuation of Kings County,
are we not forced to the conclusion that the outside
valuations must support all the expenses of the county?
Bemember that the words of the Constitutional amend
ment which we have quoted above say, in explanation
of the meaning of the 10 per cent limit, that the
*‘ assessed valuation of the real estate ” is the same
assessed valuation which appears in the assessment rolls
o f said county.
We thus see that this Constitutional limit, before it
can be interpreted so as to restrict the basis of the
county’s borrowing power to the real estate outside of
Brooklyn, will have to be wholly reconstructed. There
is one important part of the phraseology of the amend
ment which we have not referred to even yet, and that
is the use of the word “ or ” instead of “ and ” separ
ating the county from the city. It is not necessary to
dwell upon this feature now, but it fixes the dualism of
the whole section if there were nothing else to aid in
determining the meaning.
Louisiana State Bonds.—A special committee appointed
by the New Orleans Stock Exchange to memorialize the ex
ecutive officers of the State for the purpose of securing a rec
ommendation to the Legislature that the present State bonds
be exchanged for new, clean bonds, have prepared the follow
ing mem orial:
New Orleans, April 30,1892.
Sir —The undersigned, a committee appointed by the New
Orleans Stock Exchange, beg leave to submit for y our favor
able consideration the following proposition :
That you recommend to the Legislature,during its next session
beginning May 9, 1892, the justice and advisability of order
ing, regulating and providing for the exchange or substitution
■on the part of the State of new consolidated bonds for its
present legally-recognized obligations known as “ the consoli
dated bonds of the State of Louisiana.”
This committee, representing the New Orleans Stock Ex
change, and likewise the presidents and officers of corporate
institutions, whose names appear below, have in view the pro
motion and enhancing of the financial honor of the State.
They respectfully submit that the present bond is for the
most part soiled, tattered or dilapidated; that it bears upon
its back and face an obligation to pay a yearly interest of 7
per cent, whereas the rate fixed by Constitutional enactment,
ratified by the popular vote, is only 4 per cent. To indicate
this alteration in the rate interest the bond bears a stamp
across it, as well as upon each coupon attached, a method
which is awkward, disparaging and unbusiness-like. These
conditions have impaired and will continue to impair the
value of such obligations, tend to provoke suspicion and dis
trust ; to discourage investment and to seriously impede their
sa le; and other dispositions in the foreign markets of the
world.
An exchange or substitution of entirely new bonds for old
under the sanction and guarantee o f legal and appropriat
legislation, were only an act of justice to the present holder
o f such bonds or their future acquirers, inasmuch as unde
the operation of the plan, the “ Burke bonds’’ not being in
fVOL. LIV.
eluded in the exchange or substitution, would cease to be a
threat and danger to the investor.
This committee may only at present solicit your excel
lency’s approval and recommendation of the measure in a
broad and general sense. They feel that you cannot but ap
prehend its advantages, and they urge that a clean bond of
4 per cent, surrounded with every possible guarantee, sanc
tioned by Constitutional authority and confirmed by repeated
legislative enactments, is likely to place the credit of our
State on a par with its admirable resources, its growing de
velopment and its ability to meet all outstanding and legallyrecognized obligations.
They contemplate in the operation of the plan a mere with
drawal on the part of the old bonds to be replaced by new,
even as the Federal Treasury substitutes its fresh legal ten
der notes for such old ones as have become impaired by cir
culation, by wear or other defects.
The process to be adopted in the issuance of the new bonds
will likewise be a matter for legislation, and will be consid
ered in the act to be presented. It is deemed that this matter
of form or detail ne°d not be defined or elaborated here.
With the approval of your Excellency, and immediately
upon your recommendation to the Legislature of the plan pro
posed in the general manner indicated, the act will be drawn
up with its various provisions regarding the form of issuance
and retirement in accordance with the many legislative prece
dents established.
In conclusion, this committee beg to assure your Excellency
that no object is contemplated in the plan except the promo
tion of the State credit and the fostering of a sound and econ
omic policy. The present bond is defective, and because of
this nearly the whole burden of the State indebtedness is
borne here. The defect once removed, it will secure a market
abroad, when domestic capital, considerably relieved, will find
a channel in the many enterprises waiting to be exploited at
home. On the other hand, foreign capital thus introduced
will take its share in the development of the State’s varied re
sources of industry and agriculture.
The committee present these considerations and trust your
Excellency will accord them due attention. Whatever their
fate they feel secure in the hope that the administration of the
government will be founded on economic principles, en
lightened judgment and patriotic zeal. Respectfully sub
mitted.
Signed: F. J. Gasquet, George Le Sassier, Fernand Lapeyre, F. Claiborne, Ed. Eisenhauer, Chairman, committee of
New Orleans Stock Exchange.
Copies of the above in addition to being sent to Governorelect Foster have also been forwarded to Governor Nicholls
and the outgoing State officers. Copies have also been sent
to the various commercial exchanges and presidents of banks
and insurance companies for their signatures.
Austin, Tex.—An injunction has been granted by District
Judge Kittrell restraining the city of Austin from collecting
the tax assessed for paying interest on the $1,400,000 of water
and electric light bonds,-better known as the “ dam” bonds,
and restraining the City Treasurer from paying interest on the
bonds already issued and sold, and restraining the United
States Trust Company o f Kansas City and George W . Brackenridge, of San Antonio, and all others who may hold any of
the bonds already disposed of, from selling or transferring the
same in any way until a further order of the Court is issued.
Austin tax-payers have contested the legality of the late sale
on the grounds that the price received for the bonds wa 3 less
than that authorized by law, and further that the city has not
the authority to issue bonds for the purpose o f supplying
water, light and power.
New York, N. Y.—Comptroller Myers has this week reported
New York’s total municipal debt and the sinking fund held by
the city against the same on April 30 1892. In the following
statement the April figures are given in connection with those
of corresponding reports for March 31 1892 and December
31 1891.
April 30 1892. March 311892.
Dec. 31 1891.
Total funded deb t..$152,234,270 64 $151,653,069 73 $150,298,869 73
Sinking fund........... 54,213,017 18
53,413,495 62
52,783,433 57
Net funded debt.. $98,021,253 46
Revenue bonds....... $5,447,280 70
$98,239,57411
$2,896,800 00
$97,515,436 16
$34,600 00
B on d Proposals a n d N egotiations.—W e have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Boston, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 22.)—
At a meeting of the Board of Aldermen this week a $3,000,000
loan order was passed by a vote of 8 to 3.
Bozeman, Mont.—This city has recently sold 6 per cent 1520 year school bonds to the amount of $60,000. Messrs. Lamprecht Bros. & Co., of Cleveland, O., were the purchasers.
The date for the sale of 6 per cent bonds to the amount of
$3,000 has been postponed until June 6 , and the bonds will
bear the date of July 1 1892 instead o f June 1 as previously
reported. See advertisement.
THE
May 7, 1892.]
B rooklyn, N. Y.—{S tate and City Supplement, page 48.)
—Bids will be received until May 11 1892 for $500,000 of 8 %
per cent water bonds and $648,000 of 3 ^ per cent sewer bonds.
For particulars see advertisement elsewhere in this Depart
ment.
A bill has been signed by Governor Flower authorizing
Brooklyn to issue bonds amounting to $600,000 to erect a new
building for occupation by the public departments of the city.
Chillicothe, Mo.—At a special election held recently in
Chillicothe, Mo., the proposition to issue bonds amounting to
$10,000 for school buildings was carried by a vote of 540 to 45.
Colfax Wash.—Colfax 6 per cent bonds to the amount of
were recently sold at par and accrued interest.
Connecticut.—(State and City Supplement, page 8 8 .)—
The remaining $200,000 of the 3 ^ per cent war renewal loan
o f 1887 has been called by the State Treasurer and will be paid
on the first of July next. This transaction will reduce the
total bonded debt Of the State to $3,240,200. None of the other
Connecticut bonds can be paid until January 1 1903.
East Providence Fire District, R. 1 —Proposals will be re
ceived until May 14 by the Chairman of the Finance Com
mittee of the East Providence Fire District for $200,000 of 4
per cent gold bonds. Interest will be payable in gold on the
first of January and July, and the bonds will fall due as fol
lows: $15,000 in 1907, $35,000 in 1917, $50,000 in 1922 and
$100,000 in 1932. This fire district comprises about twc -thirds
of the town of East Providence, and its assessed valuation is
over $4,000,000. The proceeds of this bond issue are to be
used for the purpose of furnishing water for manufacturing,
domestic and fire purposes. The district has no other debt.
Etna, Pa.—Bonds to the amount of $25,000 will be issued to
establish an electric light plant. This loan was authorized by
vote of the people on April 12th, as previously mentioned in
the C h r o n ic l e .
Fairhaven, W ash —The Washington Improvement Com
pany, of Fairhaven, Washington, and 31 Equitable Building,
Boston, were the successful bidders for^ the $75,000 of 6 per
cent 20-year city of Fairhaven general improvement bonds.
The loan was sold at a premium.
4 7 ,0 0 0
N E W LOANS.
Farmington, Wash.—The citizens will vote to-day on the
issuance of bonds for electric lights.
Jacksonville, Fla —(State and City Supplement, page
171.)— Two weeks ago we mentioned the fact that a resolution
to call $1 0 ,0 0 0 of this city’s sanitary improvement bonds was
pending in the Common Council. One of the city officials
now writes us that the call will probably be made about July
15 1892. The amount of these securities outstanding is
$2 1 0 ,2 0 0 , and they constitute the emire bonded debt of this
city. The floating debt on March 1 1892 was $68,633-04. The
assessed valuation of real estate in 1891 was $10,106,400; o f
personal property $2,468,270. The city tax rate (per $1,000) is
$12-50.
Mulvane, Kan.—It has been voted by the people to issue
bonds for a new schoolhouse.
Newark, Ohio.—(State and City Supplement, page 89)—
The highest bid for the $10,000 o f Newark permanent encamp
ment bonds to the amount of $10,000 was that o f Messrs.
Spitzer & Co. of Toledo, who offered a total premium of $128,
The award has not been announced.
New Haven, Conn.—(State and City Supplement, page
42.)—The New Haven Savings Bank has purchased the $70,000 of 4 percent bonds of the New Haven City School District.
The price paid for the loan was par and a total premium o f
$1,309-50.
New York, N. Y.—(State and City Supplement, page 54.)
__Bids will be received at the office of the Comptroller o f
New York City until May 18 1892 for the purchase of 3 p er
cent registered consolidated stock known as school-house
bonds to the amount of $197,939*50, principal to be payable
Nov. 1 1908.
Northampton, Mass.—(State and City Supplement, page
30.)—On April 29 the city of Northampton sold $74,000 of 4
per cent railroad loan bonds, maturing May 1 1902. The se
curities were purchased by Messrs. Brewster, Cobb & Estabrook of Boston at 103-278.
pip F o r oth er p ro p osa ls see n ex t page.
N E W LOANS.
BO N D S.
C O M P T R O L L E R ’ S O F F IC E ,
Ci t y H alt ,, B r o o k l y n , April 28,1892.
T he undersigned will receive sealed proposals at
this office until Wednesday, May 11,1892, at 12 o’clock
noon (at which time they will be opened) for the
mrchase o f the whole or any part o f the following
oans, viz.:
$ 5 0 0 ,0 0 0
8 6 4 3 ,0 0 0
StlH w ater, M in n . 3 0 -year..................5 s
B eatrice, N eb., W a te r .............................5s
M u sk in g u m C o., O h io ...........................5s
Des M o in es, l a ., Sch ool......................... 5s
PRICES AND DETAILS ON APPLICATION .
N. W. Harris & Co.,
THEO. F. JACKSON, Comptroller.
15 W A L L S T „ N E W Y O R K .
$2 5,00Q
C H IC A G O .
B O STO N .
T O W Ii OF
NAUGATUCK, CONN,
GOLD 4s,
Maturing t
$ 1 5 ,OOO April 1, 19 1«,
$ 1 0 ,0 0 0 April 1, 1 9 1 «,
OPTIONAL A FT E R A P R IL , 1907.
Interest and principal payable in GOLD COIN.
P rice and further particulars on application.
FARSON, LEACH & CO.,
CHICAGO,
73 Dearborn Street.
W. J .
NEW Y O R K ,
« W all Street.
Hayes & Sons,
BANKERS,
Dealers in MUNICIPAL BONDS.
Street Railway Bonds and other high grade in
vestments.
1 4 3 Superior S t .^
1{) W A L L STR EET,
7 Exchange g g o g .
NEW YORK.
Cable Address, “ KEN N ETH .”
LOANS.
C IT Y OF
O m ah a, N eb., 2 0 -y e a r ............
5s
N ew H a v e n , C on n ....................................4s
P o rtla n d , O re., 30-year G o ld ............. 5s
Three and one-half per cent Permanent W ater Loan San du sky, O h io...........................................5s
Bonds, Registered, payable January 1,1912. Also
O ttu m w a I o w a ..........................................5 s
Three and one-half per cent Main Sewer R elief and K n o x v ille , T e n n ., 30 -year G o ld ........5s
Extension F und Bonds, registered.,
O lym p ia, W a s h ., G old ............................ 6s
$13,000—payable January 1 ,19f'2.
100.000—payable January 1,19-3.
N ew W h a tc o m , W a s h ., G o ld ..............6s
100.000—payable January 1,1924.
100.000—payable January 1,1925.
100.000—payable January 1,1926.
200.000—payable January 1,1927.
Under the provisions o f Section 4, Chapter 357 o f
the Laws o f 1892, aij o f the above bonds are free and
exem pt from all taxation in the C.ty o f Brooklyn,
and County o f Kings, except for d a t e purposes.
Paym ent o f purchase m oney to be made May 13th,
1892, at which t ime the Bonds will be dated.
Interest payable January and July o f each year.
Proposals must state the price offei ed. the descrip
tion o f Bonds desired, and be endorsed “ Proposals
fo r Bonds.”
T he right is reserved to reject any or all bids not
deemed fo r the Interest o f the city.
NEW
$ 55,000
DEPARTMENT OF FINANCE,
i
775
CHRONICLE.
PORTSMOUTH, N. HT,
4 PER CENT COUPON,
W ater Bonds,
D ue January 1, 1912»
PRICE 103 3-4 AND INTEREST.
W e will take in exchange City of Ports
mouth 6 Per Cent Bonds, due 1893, on a 3Per Cent basis.
Blake Brothers & Co.,.
2 8 S T A T E S T R E E T , BO STON.
5 NASSAU S T R E E T , N E W Y O R K .
City Bonds For Sale.
N otice Is hereby given that the City Treasurer will
sell at public auction on Monday, June 6th, 1892
at the door o f the City Hall In Bozeman, Montana,
between the hours o f 10 A . M. and 4 P. M, to the
highest bidder, city bonds to the amount o f $3,000,
to bear date o f July 1st, 1892, to he redeemable in
ten years and payable in twenty years from date o f
issue, to bear Interest at the rate o f six per cent per
annum, interest coupons payable semi-annually,
bonds In denomination o f $500 each, principal and
Interest payable at the office o f the City Treasurer o f
the City o f Bozeman, Montana.
Said bonds are issued under the authority o f the
City Council, as provided by their charter and sanc
tioned by the qualified voters o f the said city at an
election held on April 4th, 1892. These bonds are
Issued fo r the purpose o f obtaining m oney with
which to purchase a dump ground fo r the city.
The indebtedness o f Bozeman City (on April 1,
1892), including this issue, is $50,300.
The city o f Bozeman has never repudiated any o f
its indebtedness, and there has never been any
default in payment o f interest.
Assessed valuation o f t t e city in 1891 was
$2,000,900.
P H IL IP DODSON,
City Treasurer.
$ 5 0 ,0 0 0
City Cheyenne, Wyoming,
30 -Y E A R 6 PER CENT GOLD W A TER
AND SEW ER REFUNDING BONDS.
Interest and Principal payable in New York City.
Price and particulars on application.
C. H. W H IT E & CO.,
NEW Y O R K ,
7 « & 74 B’ way.
TACOMA, W A S H .,
Merchants’ Nat. Bk. Bdg.
Mortgage Loans
IN
T E X A S.
NO COMMISSIONS charged borrower
loans have proven good.
F R A N C IS S M IT H
ender unti
& CO.,
SAN ANTONIO, T E X A S.
TH E
776
C H R O N ICLE
rison bid 101; F. S. Fuller bid 100*689 and E. Rollins & Sons,
of Denver, bid 100*50. The award had not been announced
at the time the above information was sent to us.
This new loan is the only indebtedness of the city of Red
lands. The assessed valuation of real estate in 1891 was
$2,365,850 and the total tax rate (per $1,000) is $39*70.
St. Clair, Mich.—The city has voted to issue bonds to the
amount o f $15,000 for an electric-lighting plant.
Taunton, Mass.— (S t a t e a n d C i t y S u p p l e m e n t , page 33.)—
On April 27 the city of Taunton sold $10,000 of 4 per cent
water bonds due Jan. 1 1922. The loan was awarded to
Messrs. W . J. Hayes & Sons, of Boston, at 107*437. We give
below a list of the bids, which has been sent to the C h r o n i
c l e by City Treasurer Edward H. Temple.
Orlando, Fla.—The city of Orlando, Fla., has voted to issue
$ 2 0 ,0 0 0 of additional bonds for paving purposes.
Ottumwa, Iowa.—(S t a t e a n d C i t y S u p p l e m e n t , page 117.)
— Ottumwa has sold 5 per cent ten-year school bonds to the
amount of $15,000. The loan was purchased by N. W . Harris
& Co., of Chicago, at 101*171.
Paterson, N. J.—(S t a t e a n d Ci t y S u p p l e m e n t , page 67.)—
On the 28th of April 1892 proposals for $125,000 of 5 per cent
City Hall bonds maturing $10,000 yearly beginning with May
1 1895 were opened by the Finance Committee of the Board
o f Aldermen of Paterson, N. J. The bids were as follows :
C. Zabriskie, of Jersey City, 104*51; Equitable Mortgage Companv, 104V; F. K. McCully, 103 2-5; Paterson Savings In
stitution, $129,505; Spencer Trask & Co., $131,596 25; Jones &
Faile, 104*32; George A. Benwell, 105*13; E. H. Rollins &
Sons, 107*58; Farson, Leach «S Co., 106*52; Blair < Co.,
c
&
$130,772 69; J. S. Farley «S Brother, 104^: C. H. White &
c
Co., for $60,000 worth, 104*66. The proposal of E. H.
Rollins < Sons (107*58) being the highest, the committee ac
fc
cepted and directed the clerk to notify this firm of the ac
ceptance of its tender. Nearly all the bidders were repre
sented at the meeting.
Queens County, N. J.—(S t a t e a n d C i t y Su p p l e m e n t , page
^ 7 ,)—Bonds of this county to the amount of $1 0 0 ,0 0 0 for
macadamizing roads in the town of Jamaica were advertised
for sale on April 26 1892. The loan, however, was not dis
posed of, as the authorities propose making a decided change
dn the nature of the issue.
Randolph, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 31.)
—The people have accepted an enabling act for an additional
water loan, and bonds will be issued.
Redlands, California.—Bids were opened on April 27 1892,
by the Board of Trustees of the city o f Redlands, for the pur
chase of $100,000 of 6 per cent bonds dated May 1 1892 and
maturing at the rate of $5,000 yearly thereafter. Interest and
principal are payable in gold at the Chase National Bank, New
York. The proposals received were as follow s: F. P. Mor
Title Guarantee & Trust
Company
OF
CHICAGO,
02, 9 4 & 9 6 W ASH IN G TO N S T R E E T .
C apital, paid-u p........................... $ 1 ,6 0 0 ,0 0 0
Undivided earnings, including
surplus..........................................
2 2 0 ,0 0 0
D eposited w ith State A uditor. .
>200,0 00
E. H. Rollins & Sons, Bos
P. S. Mead & Co., Boston.. 102*01
ton..................... ................10516
Blake Bros. & Co., Boston.l05*91
Woodbury & Moulton, Port
Brewster, Cobb & Estaland, Me.......... .................105*40
brook, Boston...................107T5
N. W.Harris &Co.,Boaton.l06*51
James W. Longstreet, Bos
Third National Bank, Bos
ton...................................... 102*60
ton .....................................104*945 Spencer Trask & Co., Bos
R. L. Day & Co., B oston... 106*59
t o n . . . . .............. ...............106*27
Chamberlain, Burdett &
W. J. Hayes & Sons,Boston. 107*4*7
Co., Boston...................... 107*40
Utah T erritory. — (S t a t e a n d C i t y S u p p l e m e n t , page
143.)—Bids will be received by the Territorial Treasurer from
May 10 until June 10 1892 for the purchase of 5 per cent nontaxable bonds falling due July 1 1912. The amount of the new
issue will be $250,000, as authorized by the Legislature on
March 10 1892. The law provides that a sinking fund, which
shall receive $25,000 annually, shall be established after ten
years from July 2 1892 for the payment of this loan. For in
vestment this is the most desirable bond issue which has been
made by the Territory, as the securities cannot be called be
fore maturity. Utah’s total bonded debt including this loan
is $700,000, and the yearly interest charge $35,000.
Yonkers, 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 60.)—
This city has sold 4 per cent ten-month tax relief bonds to the
amount of $50,000. The loan was purchased by the Yonkers
Savings Bank.
CHICAG O.
______ CH IC AG O .
[Voi.. U V .
CH IC A G O .
Union National Bank, The Merchants’ Loan &
CH ICAG O .
Trust Company,
P a id -u p C a pita l.
$ 2 ,0 0 0 ,0 0 0
S u rp lu s,
-
-
-
70 0 ,0 0 0
A regular Banking Business Transacted. A ccounts
o f Banks and Bankers, Mercantile and Manufacturing
Firms or Corporations, received on favorable terms.
Foreign Exchange Bought and Sold. Commercial
and Travelers’ Credits, available in all parts o f the
globe, issued. Telegraphic Transfers made with all
principal European and Domestic Points. United
States and other first-class Investment Bonds dealt in.
CORRESPONDENCE SOLICITED.
BANK8
CH ICAG O .
C orner D earborn and W ashington Streets)
E S T A B L ISH E D 1 8 5 7 .
Capital (paid In)...... ........... ........$ 2 ,0 0 0 ,0 6 0
Surplus and undivided pi lflts... 1 ,5 0 0 ,0 0 0
$ 3 ,5 0 0 ,0 0 0
J. W. DOANE, President.
P. VOE. Vice-President1
ORSON SMITH, Second Vice-President.
F. C. OSBORN, Cashier.
F. N. WILDER, Assistant Cashier.
185 D E A R B O R N ST., CH ICAG O.
TRU STEES.
MARSHALL FIELD, J. W. DOA.NE,
P. L. YOE.
---- -------C. H. MCCORMICK,
KOVBN,
GEO. M. PULLMAN.
CAPITAL, PAID U P , -------$500,000 JOHN DEKEEP.
ALBERT
A. H. BURLEY,
JOHN TYRRELL,
E. T. WATKIN&
SURPLUS, ---------------------------$25,000
LAMBERT TREE,
ERSKINE M. PHELPS.
ORSON SMITH.
CORRESPONDENCE SO LIC ITE D .
NEGOTIATES GROUND RENTS in the City of Banking in all its Branches Transacted*
Chicago. Takes entire charge of estates. Acts as
OFFICERS:
Foreign exchange bought an sold.
agent for the registration and transfer of bonds and
Travelers’ Letters or
•GWYNN GARNETT, President.
stocks and the payment of coupons, interest and Credits issued, available' inCredit and Commercial
principal cities through,
A. H. SELLERS, Vice-President. dividends. Authorized by law to receive and execute out the world. Cable transfers made.
J. G. ORCHARD, Mgr. Foreign Dept.
ARCHIBALD A. STEWART, Secretary.
trusts of every character from courts, corporations
CHAS. R. LARRABEE, Treasurer. and individuals. A legal depository for court and
DIRECTORS:
trust fonds.
A. O. SLAUGHTER, Member N. Y. Stock Exchange
Chas. W. Drew,
Gwynn Garnett,
INTEREST ALLOWED ON DEPOSITS of money, WM. Y. BAKER, Member Chicago Stock Exchange
John P. Wilson,
W. D. Kerfoot,
which may be made at any time and withdrawn.after
Edson Keith,
George C. Walker,
five days’ notice, or at a fixed date.
Geo. M. Bogue.
John G. Shortali,
John DeEoven,
A. H. Sellers.
TRUST FUNDS AND TRUST INVESTMENTS
Samuel B. Chase,
BANKERS,
are kept separate and apart from the assets of the
COUNSEL:
1 1 1 -1 1 3 L A S A L L E ST R E E T ,
Company.
W. C. Goudy,
John P. Wilson,
A. W. Green,
A. M. Pence,
CH ICA G O , IL L S.
DIRECTORS.
Chicago Securities Bought and Sold.
ZBL F. HATCH,
CHAS H. HULBURD,
. W. KERWIN,
ANDREW C. LAUSTEN
IAAC N. PERRY,
MAURICE ROSENFELD
R. WALSH,
SAMUEL D. WARD,!
OTTO YOUNG.
GUARANTEES TITLES TO REAL ESTATE.
Offers in vestors in rea l estate securities
rotection afforded by no other system o f
•doing business.
authorized by law to act as Registrar of Stocks
nd Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
The Jennings Trust Co.,
A . O. Slaughter & Co.,
Illinois Trust & Savings
Bank.
Herman Schaffner & Co.
BANKERS,
C H IC A G O , IL L .
OFFICERS.
COMMERCIAL PAPER
J. R. WALSH, President.
INTEREST ALLOWED ON DEPOSITS.
ISAAC N. PERRY, Vice-President.
S, W . C or. D e a r b o r n A M a d is o n Sts.,
This Bank is directly under the jurisdiction and
SAMUEL D. WARD, Treasurer.
•supervision of the State of Illinois, is a LEGAL
DEPOSITORY for Court Moneys, and is authorized
LYMAN A. WALTON, Cashier.
C H IC A G O , ILL..
to act as TRUSTEE. EXECUTOR, RECEIVER and
FRANKLIN HATHAWAY. Secretary
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.
OFFICERS:
J. B. Brkbse, Member New York Stock Exchange
John J. Mitchell, President.
D. M. Cu m m in gs , Member Chicago Stock Exchange
John B. Drake, Vice-President.
Wm. H. Mitchell, Second Vice-President,
1 1 5 D E A R B O R N ST R E E T ,
Wm. H. Reid, Third Vtee-President.
James S Gibbs, Cash’r. B. M. Chattell, Ass’t Cash’r.
C H IC A G O .
DIRECTORS:
B A N K E R S AND B R O K E R S ,
John McCaffery,
John B. Drake,
H IG H G R A D E
L. Z. Leiter,
Wm. H. Beid,
111 AND 113 M ONROE S T R E E T ,
Wm. H. Mitchell,
John J. Mitchell,
CHICAGO
Wm. G. Hibbard,
J. C. McMullin,
INVESTM ENT] SE C U R IT IE S,
D. B. Shipman,
J. Ogden Armour,
Securities listed in New York, Boston or Chicago
Paying 8 per cent and 12 per cent for sale
Frederick T. SaskeU.
carried on conservative margins.
C A P IT A L AND SU R P LU S, - $ 3 ,2 5 0 ,0 0 0
Henry C. Hackney,
Breese & Cummings,
THE
m í v, 1898.3
ix
CHRONICLE.
P A C IF IC COAST.
SOUTHERN.
Minneapolis Trust Co.,
Commercial Bank,
M IN N E A P O L IS, M INNESOTA.
TACOMA, WASHINGTON.
CAPITAL., $500,000.
PAID-UP CAPITAL $ 2 0 0 ,0 0 0 .
6 Per Cent Bank Certificates Issued.
8 Per Cent Gold Mortgages. 1
10 Per Cent City, County, State Warrants.
CORRESPONDENCE SOLICITED.
G r a t t a n H . W h e e l e r , Pres. A . B r id g m a n , Cash.
The Security Mortgage Sc
Trust Company
M IN N E A P O L IS .
Ileal Estate Loans. Safety Deposit Vaults.
Acts as Executor, Trustee and Guardian.
DEPOSITORY FOR WILDS.
P . O. B O X 1 ,0 0 0 .
'Cable Address “ Trust” Minneapolis.
DIRECTORS.
Samuel Hill, President; Thomas Lowry, First V ice
-President; H. F. Brown, Second V ice-President;
D aniel Bassett, Third V ice-President; Clarkson
Bindley, Secretary and Treasurer; Isaac Atwater,
•Jas. J. Hill, R. B. Langdon, A . F. Kelley, W . G.
.Northrup, W m . H. Dunwoody, C. G. Goodrich, Chas.
A . Pillsbury, A . H . Linton. P. B. W inston.
S. H. Wood & Co.,
Tacoma National Bank,
First National B^nk in the CitYi
TA C O M A , W A S H IN G T O N .
Paid-up Capital................................
President,
Cashier,
V ice-President
W . B. B l a c k w e l l . H . O, f is h b a c k . Ed m u n d r ic e .
General Banking Business Transacted.
Special Attention to Collections.
Guarantee .Loan Building,
Dealers in the highest class o f Minneapolis Securi
tie s , Bank Stocks, Mortgages and Bonds.
CORRESPONDENCE! SOLICITED.
ST. LO UIS.
SAM’L A. GAYLORD,
JNO. H . BLESSING,
Gaylord, Blessing & Co.,
ST. LOUIS.
HIGH
GRADE
MUNICIPAL
^COLLECTIONS M ADE on all accessible points.
Advisory Committee o f Stockholders,
Philadelphia.
J. LOEW ENBERG, Pres. JAS. STEEL, Vice-Pres.
I. A . MACRUM. Cashier.
*„
SELLS SIGHT EXCHANGE
AN D T E L E
G R APH IC TRAN SFERS, and I8SUE8 LETTERS
o f CREDIT available throughout the United States
D R A W S BILLS OF EXCH AN GE on London,
Liverpool, Dublin, Paris, Berlin, F rankfort-on -tn eMain, and all the principal cities o f E u rop e; also on
SAN FRANCISCO.
The First National Bank
OF SAN FRANCISCO, CAL..
BONDS
A SPECIALTY.
EDWARDS W H ITAK ER.
UNITED STATES D E POSITARY.
CHARLES HODGMAN
Whitaker & Hodgman,
CAPITAL,
SURPLUS,
B O N D A N D S T O C K DEALERS! .
W e buy and sell outright all W estern
Municipal Bonds and Stocks. W e
cheerfully furnish full and reliable in
form ation concerning any W estern se
curity without charge. Monthly quo
tation circular mailed to all applicants,
New issues o f municipal bonds wanted.
30 5 PINE: S T R E E T , ST. LOUIS, MO.
M IS C E L LA N E O U S .
CITY AND CO UNTY
BONDS.
BOUGHT AND SOLD.
N . W. H A R R IS & CO .,
15 W a ll Street, NEW Y O R K .
BOSTON_______________________ »UCAOO.
H IG H
GRADE
M U N IC IP A L BO NDS,
Netting the Investor from 4 per cent to 6
per cent. W rite for Circular.
E. H. Rollins & Sons,
CONCORD, N. H .
Lamprecht Bros.
Sc
Co.,
BANKERS,
M U N I C I P A L BONDS. !
C levela n d , O h io, P e r ry -P a y n e B ’ ld ’ g
B o s to n , M ass., 53 State ¡Street.
N ew Y o r k , 11 W a ll Street.
SOUTHERN
California Securities
OF TH E HIGHEST C H ARACTER.
7 Per Cent Debenture Bonds.
8 Per Cent Guaranteed Mortgages.
W . R . T . Johnston,
60 B R O A D W A Y , N SW YORK-
-
-
$1 ,5 0 0 ,0 0 0
$ 7 5 0 ,0 0 0
GENERAL BANKING BUSINESS.
ACCOUNTS SOLICITED.
300 N orth F o u r t h Street,
Geo. M. Huston & Co.
-
S. G. M u r p h y , President. E. D. M o r g a n , Cashier
J a m e s M o e p it t , V .-Pres. G. W . K l in e , A sst. Cash
BOND AND STOCK BROKERS,
___________ ST. LOUIS,____________
DIRECTORS.
PORTLAND, OREGON.
Paid Capital.................................. $1 ,0 0 0 ,0 0 0
Merchants’ Nat’l Bank,
B A N K E R S AND B R O K E R S ,
¡¡WESTERN SECURITIES AN D
OFFICERS.
J. T . T R E Z E V A N T , President.
J. T. D A R G A N , 1st V ice-President.
J. C. O’CONNOR, 2d V ice-President.
GU Y SUM PTER, 3d V ice-President
W , W . RODGERS, Secretary.
E. M. REARDON , Treasurer.
B A R R O W , W A D E , GU TH R IE & CO., o f New Y ork ,
Auditors.
J. C. O’Co n n o r , President City National Bank.
J. T . T r e z e v a n t , A ssociate Manager S. W . D ep’t
Fire Association o f Philadelphia.
J. T. D a r g a n , V ice-President.
Sa m P. Co c h r a n , Associate Manager S. W . D ep’t
Am erican Fire Ins. Co. o f Philadelphia.
T. L. M a r s a l i s , President Dallas Land & Loan Co.
G u y Su m p t e r , Capitalist, (Late A ss’t-Treasurer
Texas & Pacific Railway Company.)!
A l e x . Sa n g e r , o f Sanger Bros., W holesale and
Retail Dry Goods.
T . S. M il l e r , o f Leake, Shepard & Miller, A tto r
neys at Law.
D. E. G r e e r , A ttorney.
INVESTMENT BANKERS,
TttINNEAPOL.18, M I M .,
OF DALLAS, TEXAS.
Capital Paid In...................... $ 5 0 0 ,0 0 0 00
Asset« Dec. 3 1 ,1 8 9 1 , over $ 2 ,099 ,91 1 68
A
Substantial Investment.
8 P E R CENT D IV ID E N D
AND S U R P L U S EACH TEAR.
The Columbia Nat’l Bank,
TACOMA,
W ASH IN GTON ,
o r g a n iz e d w it h a sm a ll c a p ita l, In
o r d e r to D an dle th e p rofita b le bu sin ess
p resen ted , w i l l in crease Its eap lta l to
$ 5 0 0 ,0 0 0 , a n d offers a p o r t io n o f th e
In crease to in v estors at 102 p er sh are,
B o o k v a lu e . T h e 2 p er een t p r e m iu m
w i l l he p la ce d to p rofit a c c o u n t, an d
c a r rie d to su rp lu s in J u ly n e x t. T h e
B a n k con fin es its o p e r a tio n s strictly to
c o m m e r cia l b u sin ess.
T h e average earn in g s o f th e N a tion a l
B a n k s in th e State o i W a s h in g to n fo r
th e p a st five years w e re 18 p er c en t, as
s h o w n b y th e r e p o rt o f th ejC om p troller
o f th e C u rren cy f o r 1891.
F u n d s m a y he sent d ire ct to th e B a n k ,
a n d s t o c k certificates w i l l he fo r w a r d
ed at o n ce . F o r statem en ts, lis t o f
s to c k h o ld e r s , a n d fu rth e r p a rticu la rs
ad dress
IIE N B Y O L IV E R ,
P re sid e n t.
IN V E S T M E N T
BONDS
6K Per Cent 10-15 year First Mortgage
Gold Bonds.
TRUSTEE—
THE STATE TRUST CO.,
No. 50 W all Street, New Y ork City.
PA RTIC U L AR S UPON A PPLICA TIO N .
The Gurley Investment
Company,
D E N IE R ,
C apital a n d S u rp lu s,
COLO.
.•
$ 5 0 0 ,0 0 0
I. J. W IST A R , Chairman.
George W . Blabon,
George F. Tyler,
J. N. H utchinson,
George De B. Keim,
George M. Troutm an,
John J. Zeigler.
Six per cent 5-year Gold Mortgages on Texas city
and cou ntry properties.
_
A lso 6 per cent 10-year Gold Debentures based on
sneh m ortgages, interest and principal payable
either in New York, Baltimore, Philadelphia or
London.
„
C ollect claims o f all kinds anywhere In Texas or
the Southwest.
,
‘
Make sales, pay taxes, collect rents, and deal In
select Municipal and Corporation Bonds.
A ct !as Trustee, E xecutor, Adm inistrator, Guar
dian, R eceiver and Financial A gen t fo r Estates,
Cities, Railroads, etc.
Investments in tbe Sontii.
Exchange Banking &
Trust Company,
CHARLESTON S. C.,
Transacts a General Banking and Trnst
Business. Savings Department. Interest
Allowed on Deposits.
Investments made (at usual rates o f commission)
n safe and reliable interest-paying Southern secur
ities, and 1st mortgage loans on improved city and
town real estate. Correspondence solicted as to all
Southerni nvestments. Being within easy reach
o f all parts o f the South thorough and careful inves
tigation can be made o f intended investments or
purchases.
OFFICERS.
GKO. B. EDW ARDS, President.
P. N. PICKENS, Cashier.
H. C. W H ILDEN, Secretary and Treasurer.
J. LA M B PE RR Y , Solicitor.
SM YTHE & LEE, General Counsel.
DIRECTORS.
A. 8. J. P e r k y , o f Johnston; Crews & Co., wholesale
dry goods.
W t l lia m M. B i r d , o f W m . M. Bird & Co., wholesale
paints and oils.
Ja m e s A l l a h , o f James Allan & Co., jewelers.
J. H . F. K o e n ig , with Knoop, Frerichs & Co., cotton
exporters.
„
*
G eo . B. E d w a r d s , Pres. Electric Light A Pow er Co
F IS H E R
&
SH A W .
B a ltim o r e , M a r y la n d ,
D E A LER S IN
M UNICIPAL
BONDS
AN D IN T H E
Issues o f Corporations Possessing
Strong M unicipal Franchises.
£5
CASH ORDERS EXECUTED
ON THE
BALTIMORE STOCK EXCHANGE.
R . T . Wilson & Co.,
BANKERS AND COMMISSION MERCHANTS
3 3 W a l l Street, N ew Y o r k .
TH E
X
Ifiwaujcial.
C o tto n .
Cattail.__________
W OODW ARD
& S T IL L M A N ,
Walter T. Hatch,
Henry Prescott Hatch,
Arthur Melvin Hatch
Members of N. Y. Stock and Produce Exchanges.
IN M A N , SW A N N & Co
M ERCHANTS,
COTTON MERCHANTS?
YORK«
M ew Y o rk .
COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
ilH M A N , STERN & CO.,
LEHMAN, D U R R ft CO.
New Orleans. La.
Montgomery, Ala.
LEHMAN
W. T . Hatch & Sons,
96 Broadway & 6 W all St., New York.
16 to 22 WILLIAM STREET,
NEW
[Y ol .TLIY,
CHRONICLE.
BROS.,
COMMISSION M E R C H A N T S,
Henry Hentz & Co.,
COMMISSION
MERCHANTS,
16 to 2 2 W illia m Street, N ew Y o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY
BANKERS AND BROKER3
at the NEW YORK, LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Also orders for
{N E W Y O R K .
F. H . Prince & Co.,
COTTOM
No. 40 Exchange Place,,
MEMBERS OF THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
Dealers in investment stocks and bonds.
Personal attention given at the N. T. Stock Ex
change for the purchase and sale on commission of
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
sight.
BOSTON,
MASS.
COFFEE
at the NEW YORK COFFEE EXCHANGE, and
New Y ork.
Orders executed on the above Exchanges as well
as in New Orleans, Chicago and foreign markets.
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
STRAUSS & CO.,
Savannah and
New Orleans.
HIGH GBADE INVESTMENTS.
G R A IN A N » PROVISIO N S
Hubbard, Price & Co.,
STRAUSS & CO.,
Manchester, and at prlndpal Cotton Centres
on the Continent.
STRA U SS
COTTON
&
CO .,
MERCHANTS
4 8 ] B R O W N ’ S B U IL D IN G S »
LIVERPOOL.
Special attention given to correspondence with In
terior Cotton Merchants and Buyers for the pur
chase and sale of Cotton both on spot and for future
delivery.
Hopkins, Dwight & Co.,
COTTON. COTTONSEED OIL
AND
SOUTHERN PRODUCE
COMMISSION
MERCHANTS,
kteom & 2, Cotton Exchange Building.
NEW YORK
Gustavus C. Hopkins.
Charles D. Miller.
Lucius Hopkins Smith.
Samuel Hopkins.
Crenshaw & Wisner,
16 & 18 E x ch a n g e P la c e , N ew Y o r k .
COMMISSION M E R C H A N T S .
Members of the Cotton, Coffee and Produce Bxch’s.
GENCY OF
COTTON EXCHANGE BUILDING.
NEW Y O R K .
General Commission Merchants.
Members New York Cotton Exchange, New York
Produce Exchange, New York Coffee Exchange,
Chicago Board of Trade.
Orders executed on any of the above Exchanges,
also for purchase and sale of cotton for future de
livery in New Orleans and Liverpool. Liberal ad
vances made on cotton consignments.
P R I C E , R E I D <fc C O .,
N o r fo lk , V a.
P R I C E , R E I D & A D A M S , L i m it e d .
C h a rle s to n , S. C .
J. O. Bloss.
Geo. H. Church, Special
J . O. BLOSS & CO .,
COTTON
Street,
NEW Y O R K .
W. D. Rountree & Co.,
SUCCESSOR TO
B rlnckerhoff, T urn er & Co.,
MANUFACTURER AND DEALER IN
COTTON SAIL DUCK
AND ALL KINDS OS'
COTTON CANVAS FELTING DUCK,
CAR COVERING, BAGGING,
RAVENS DUCK, SAID TWINES, &0„
S ONTARIO ” SEAMLESS BAGS,
“ AWNING” STRIPES.
A lso. A gents
UNITED STATES BUNTING CO.
A full supply, all Widths and Colors, always
took.
N o . 1 0 9 D u a n e S tre e t.
SLOW SPEED, MULTIPOLAR BAIL-
COMMISSION MERCHANTS,
WAY DYNAMOS.
C O TTO N E X C H A N G E B U IL D IN G , N E W
Y O R K , and N O R F O L K , V A .
COTTON, COFFEE, GRAIN, PROVISIONS AN D
STOCKS.
Orders executed In New York, Chicago A Liverpool
Geo. H. McFadden & Bro.
COTTON
MERCHANTS,
P H IL & D B LPH U *
L m K P O oL Co r r e spo n d e n ts ,
T. Spencer Turner,
AND
Double Reduction Motors.
22 W i l l i a m
F R E D E R IC K E R E O A ft CO.
J
Gearless,Single Reduction
MERCHANTS,
RICHMOND, YA.
Standard Brands of Flour for Shipment to Warm
Climates always on hand.
OF VIRGINIA.
High-Grade Pyrites, free from Arsenic.
The Short Electric R ail
way Company.
Execute orders for cotton for foreign and domestic
shipment.
THE H AXALL CRENSHAW CO.,
SULPHUR MINES COMPANY
Members of New York and Boston Stock Exchanges
Fifth Avenue Hotel,
N a d ls o n Squ are, N E W Y O K E ,
The largest, best-appointed and most liberally
managed hotel in the city, with the most central
and delightful location.
HITCHCOCK. DARLING ft CO.
Massasoit H o u s e ,
S P R IN G F IE L D ,
MASS.
THE BEST-APPOINTED HOUSE! IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Near
Union Depot.
W . I I . C H A P IN .
LINE APPLIANCES FOB COMPLETE
OYEBHEAD C0NSTBUCTI0N.
CLEVELAND,
N ew
Y ork
O ffice,
OHIO.
35 W a ll
S treet.
Way land Trask & Co.,
B A N K E R S AMD B R O K E R S ,
18 W a ll Street, N ew Y o r k .
Transact a general banking business, including
the purchase and sale on commission of seouritie
dealt In at the New York Stock Exchange.
WAT LAND TRASH,
THEODORS BALDWIN,
ALFRED N. RANKIN.
E. D. Shepard & Co.,
SUCCESSORS TO
AUG. T. POST, Banker,
D R E X E L B U I L D I N G , B R O A D S T ., N . V
State, Countv and City Bonds.
Cahoone & Wescott,
Members New York Stock Exchange,
18 W A L L S T R E E T .
Government and Investment
Bonds.
Stocks and Bonds Bought and Sold on Commission.
American Exchange Bank,
S T . L O U IS , M O .
Capital, - 8 5 0 0 ,0 0 0 I Surplus, - 8 3 0 0 ,0 0 0
PETER NICHOLSON, President.
ALVAH MANSUR, Vice-President.
WALKER HILL, Cashier;
We send items direct to every banking point in
this State
@FedFRASER