Full text of Commercial and Financial Chronicle : November 24, 1894, Vol. 59, No. 1535

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HUNT’S

MERCHANTS’

M AGAZIN E,

■> ,n ’ f ■■ ^
W iife ljj
§ i e w i i p ''{ r < t ,
REPRESENTING TH E IN D U STR IA L AND COMMERCIAL INTERESTS OP TH E U N ITED STATES,
[Entered according to Act of Congress, in the year 1894, by the Wil l ia m B. Dana C o m p a n y , in the office of the Librarian of Congress.]

V O L 59.

SATURDAY, NOVEM BER 24. 1894.

3 £ lie

and the loss from 1891 is 14*5 per cent. Outside of New York
the excess over 1893 is 4’6 per cent, the loss from 1892 reaches
14-2 per cent, and the decrease from 1891 is 5-5 per cent.

< & h v a u itU .

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London Agents:

Week ending November 17.
Clearings at—
New York......
Philadelphia.
Pittsburg......
Baltimore......
Buffalo...........
W ashington..
R ochester.....
Syracuse........
W ilmington...
Binghamton.
Scranton*......
Total Middle.

W I L L I A M B . D A N A C O M P A N Y ., P u b lish ers,
P in e Street, N. W . Corner o f P earl Street,
O f f i c e box 9 5 8 .
NEW YORK

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, November 24, have
been $991,524,321, against $1,041,718,955 last week and $930,941,424 the corresponding week of last year.
CLEARINGS.

Week Ending November 24.

Returns by Telegrayh.

1894.

New York............................
Boston..................................
Philadelphia..........................
Baltimore.............................
Chicago................................
St. Louis..............................
New Orleans........................

$449,241,283
70,948,105
56,681,546
11,630,286
78,898,582
19,758,712
10,225,144

$437,329,337
65,167,559
52,138,384
10,768,710
70,749,343
19,076,070
10,898,042

+ 2-7
+ 8-9
+ 8-7
+ 8-0
+11-5
+ 3-6
— 6-2

Seven cities, 5 days.......
Other cities, 5 days....... .

$697,383,658
133,641,387

$666,117,445
120,278,634

+ 4-7
+ 11-1

Total all cities, 5 days....
All cities, 1 day....................

$831,025,045
160,499,276

$786,396,079
144,545,345

+ 5-7
+ 11-0

Total all cities for week..

$991,524,321

$930,941,424

1893.

Per Gent.

>

+ 6-5

above statement will be given next Saturday. W e cannot, o f
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, Novem­
ber 17, are given below, and we also present the results for the
corresponding week in 1893, 1892 and 1891. In comparison
with the preceding week there is an increase in the aggregate
exchanges of about one hundred and forty-two millions of
dollars, the gain at New York being ninety-seven millions. |Contrasted with the week of 1893 the total for the whole country
shows an excess of 5per cent. Compared with the week of
1892 the current returns exhibit a falling off of 22*8 per cent,




1894.
.

.

1893.

$
$
564,700,30« 536,336.28
67.128,32.
64,938,511
12,936.961
12,399,811
15,433,95,
14,196,934
4,781,60'
4,875,001
1,730,341
1,664,211
1,669,491
1,625,96c
1,143.46«5r
1,001,621
705,6L
852,24i
400,001
722,111
.......
670,606,37] 638,290,591

1894.
P . Cen\

1892.

$
782,671,591
74,741,006
15,173,706
15,942,394
i f 9
4,954,620
3
2,362,394
1.924.449
f t 1
+141,204,840
—171 ,020,001
—5315,300
+5- 3
+33

900,316,301

822,607,066

1,360,73:
1,230,33:
1,425.498
1.018,29s
602,893
401,586
103,266,017

+ 0-1 105,479.177
+13-;
6,407,100
-4-7’Ji
2,152,272
+ 13"
1,665,135
—Vi
1,323,187
—5-I
1636.703
4-7-E
1,408,608
4-9"
1,291,314
-15-f
799,125
-28-t
449,428
+ 1-2 122,612,109

97,452.113
6,425,700
1,923,385
1,348,889
1,269,930
1,300,800
1,384,676

97.366,339
13,241,60(
5,]28,97(
6.613.974
5,026,56f
3.059.OO(
2,253,20.:
1,456,012
814,197
436,912
400.957
363.350
291,196
162,939
159,281
238,307
138,212,805

93,265.715
12.914,751
5,105,820
5,929.342
4,584.525
3.055.301
1.6:-8.50C
1,497,514
959,982
359,911]
312,880
287.816
199,325
176.733
142.388
199,277
130,629,803

+4-4
42-6
+0-5
+11-5
+22-7
+19-8
+37-5
—2-1;
-15-2
-2K-1
-26-2
46-1
-7 -t
+11-9
+19-6
+ 6-8

San Francisco..
P ortland...........
Salt Lake City..
S e a ttle ...,........
Tacom a............
Los A n geles....
H elena........... .
Spokane............
Sioux Falls......
Fargo.................
Total Pacific.

15.165,229
1,369,705
1.464.990
550.000
669,072
1.221,635
641,358
298.422
75,0i9
122,645
21,578,675

14,803,906
1.205,006
970,329
552,679
634,234
895,360
425,000
295,332
149,681
126,251
20,117,678

+2-4
4-8-3
450-9
—0-5
+5-5
- -36-4
- -50-9
+ 1-0
-49-9
—2-9
+7-3

Kansas City..........
Minneapolis..........
Omaha...................
St. P aul.................
D e n v e r ...............
D uluth...................
St. Joseph.............
Sioux City.............
Des Moines...........
L incoln..................
W ichita.................
Topeka................:..
Frem ont................
Tot. other W est

11.355.517
9.349.049
5.215,802
5,150,656
2,943,757
2.500.000
1.475,874
853,034
1.051.256
51*,922
487,519
345,530
55,513
41,302,329

9.500,552
7,985,704
4,935,762
4,449,918
2,489,214
2,193,783
1,571,524
847,416
1,009,112
560,872
458,904
413,997
71,061
86,467,819

St. Louis................
New Orleans..
Louisville..............
Galveston..............
H ouston................
Richm ond.............
Savannah..............
Memphis................
N a sh v ille ...........
Atlanta..................
N orfolk..................
Dallas............ ........
W aco.............. .......
Fort W orth...........
Birmingham.........
J a ck son ville........
Chattanooga.........
Total Southern.,

25.473.734
11,558,226
6,560.575
3,647.077
3,359.996
2,088.498
3,257.380
2.528,270
1.083.301
1.296693
1,109,410
1.547.746
1.500,000
700.000
391,122
421,410
229,320
66,752,768

23.60S.999
12,368,835
6.222.507
3,739.220
4,149.312
2.302,753
3.130.067
2,049,210
761,022
1,490,372
1,248,617
1,219,006
927,000
664.559
216.237
308,809
261,956
64,729,611

Milwaukee......
D etroit............
Cleveland........
Columbus.......
P eoria..............
Indianapolis ..
Grand Rapids.
Lexington.......
Saginaw...........
Bay City..........
A kron .............. .
Springfield, Ohio..
Canton..............
R ockford ..........
Tot. Mid. W est’n,

Total all........
Outside N. York,
Montreal............
T oronto..............
H ailfax............. .
Hamilton.......... .
Winnipeg*........ .
Total Canada..

87.367.69i
6,188,201
2.064,3»

+5-

712,807,668
70,422,536
13,757,970
15,973.349
4,300,679
1,738; 661
1,536,904
963,684
849,025
261,600

87.031,703
5,459,201
1.914.67S
1,407.182
1.379.652
1,309.645
1,325,321
928,795
713.612
564,490
102,034,211

B oston..................
P rovidence.,.......
H artford..............
New Haven.........
Springfield...........
W orcester............
Portland..............
Fall R iver...........
L o w e ll.................
New B edford......
Total New Eng.

Messrs. E d w a r d s & S m it h , 1 Drapers’ Gardens, E. C,, wiU take sub­
scriptions and advertisements, and supply single copies of the paper Chicago............
at Is. each.
Cincinnati.......

P o st

NO. 1535.

109,871,332
15,025,600
8,717,975
8,847,044
6.663.608
3,585,800
1,854 600
1,120,184
1,168,274
431,282
427,149

922,^2

4*8,750
112,356,774
100,523,993
14,103,750
7,410,430
6,640,730
5,793,157
3,417,800
1,942,931
2,295,334
1,087,976
461,761
304,372

275,000
168,904
155,000
158,351,050

143,982,234

19,863,620
2,485,749
1,968,982
900,000
1,079,439
714,702
1,138,277
1,138,149
208,500

17,808,101
2,359,468
1,675,547
835,453
1,509,439
841,500

29,502,468

25,229,234

+19-5
+17-1
4-5-7
-15-7
-18-3
H-14-0
- 6-1
+0-7
+4-2
-7-5
+ 6-2
16-5
21-9
+13-2

11,481,455
12,403,644
6,296,708
6,281,780
5,543,23»
2,400,090
1,877,435
1,352,488
1,199,057
735,203
550,599
437,431
104.177
50,663,361

10,280,156
10,157,820
4,501,429
6,933,746
4,561,197
2,421.667
1,855,152
1,390,709
934,509
656,454
491,781
477,217

+7-6
-6-3
+5-4
-2-5
19-0
-9-3
+4-1
23-4
t 42*3
13-0
—11-1
27-0
i tl -8
+5-3
+80-9
4-36-6
—12-8
+3-1

26.702,562
14,086,204
8.730.006
5,32 >.025
3,976,507
3,059.418
3.196,093
3,403,239
2,034,593
1797.222
1,218.600]
1,170,0001
900.000!
635,5391
524,446
360,114
504,370
77,619,240

159,726

44,577.328
23.447.690
13,053,913
6,642,902
4,139,433
S‘080,542
2,207.1633,349,700
3,997,564
1,795,942
1,943,808
1,406,894
984,386
557,164
1,299.724
640,511
423,000
68,976,336

1,041,718,955

992,289,617

45-0 L,339,064,519 1 ,,217,778,481

477,018,650

465,953,330

+4-6

556,392,928

504,965,813

12,723,527
6.136,924
1,117,705
782,253
1,492,242
20,763,409]

11,986.018
6.664.250
1,130,971
686,009

+ 6-2
+8-3
- 1-2
+14-0

15.596.822
7.901.531
1,114,688
935,000

10,960,000

19,467,248

+6*7

*N ot included in totals»

6,200,000

1,070,000
730,000

18,960,000

896

THE

CHRONICLE.

[ V o l . LIX.

| The effect of the week's movements on the money

STREET RAILROADS AND OUR INVESTORS' market has been quite insignificant. A fact of some
SUPPLEMENT.
importance as bearing upon the future of rates is that
In our I nvestors ' Supplem ent which we issue to­
day we have greatly enlarged the space given to
“ Street Railroads.” For two years our purpose hag
been to prepare a separate publication covering this
interest. It is the first section of that work to which
we now give a place in the front pages of the current
number of the I nvestors ' S upplem ent . These reports
will be added to in each subsequent publication until
the street systems in all the important cities of the
United States are included.

this loan has drawn to this centre from the interior
additional supplies of currency and gold. In conse­
quence of that the probability at the moment is that
bank reserves, after the subscriptions for the loan have
been paid up, will not net as large a decrease
as they did on the settlements for the previous loan last
February. This is the promise now. In the mean­
time, in anticipation of the loan settlements, lenders
as a rule have not sought to put out their money
on time, but to keep it within their com­
mand.
The result has been that banks and other
institutions have pressed their offerings in the call
THE FINANCIAL SITUATION.
loan branch of the market to such an extent that there
We have written elsewhere with reference to the is said to be greater congestion than has prevailed for a
friction developed through the efforts of the public to long time, though no attempt has been made by bor­
get in their subscriptions to the Government bond pro­ rowers to force lower rates than have recently ruled.
posal. Wall Street affairs have been affected adversely Much of the money loaned in this temporary way will
while waiting as it were for the awards and settlements, be called when the awards are made. Consequently it
being disturbed also in some measure by the reduction in is possible that this branch of the market will be dis­
the Burlington dividend and the large loss of earnings turbed next week. And yet even that change may be
the St. Paul road reported for the second week of No­ of much less importance than some anticipate. For
vember, both announcements being used so as to tem­ the truth is, commission houses have provided them­
porarily depress the general market, especially the selves with long time loans, and their balances are likely
securities of other Northwestern railroads. But the to take the place to a large extent of any such with­
chief source of derangement has been the unreasonable drawals.
So far as time contracts are concerned rates have been
fuss, mostly of Wall Street origin, over the gold with­
drawals from the Sub-Treasury, made as a preliminary firm but at unchanged quotations. As a matter of fact
to perfecting the bond subscriptions. This movement there is no special demand and the business reported is
was a perfectly natural operation, as we have explained light. We hear this week of further transactions by
in a subsequent article, only an incident of the wider some of our banks at very low rates. One reported to
extent than anticipated of the applications; for requests us was for a large block of money at three per cent for
to apply for the bonds have been received by our New twelve months. Commercial paper also is in general
York banks from their correspondents East, West, and demand, for most of the banks which we stated las^
week had withdrawn from the market have returned,
South.
After all however the gold withdrawals were very and rates are low for prime, lenders having taken all
small, only aggregating about
million dollars. There they could get. Among the transactions of the week
were none on Wednesday and very small amounts on in paper we learn of one, first-class commission house
subsequent days, the stoppage being in part perhaps names, maturing in June at 3 per cent. These long­
because outside subscribers became discouraged on ac­ time contracts and transactions in paper will of course
count of the unfavorable notoriety they suffered ; but have a tendency to keep the market easy later on.
more likely because it was then generally realized that There has been some expectation of activity in paper
applicants might equally well wait until they received in January, growing out in part of borrowings to pay
notice of the award; then if any of those whose for woolen goods which will then be delivered; but
bids are accepted cannot get the gold at their banks— bankers seem to be of the opinion now that these
as a rule they will have no difficulty in securing it in wants have been largely provided for. One further
that way— they can get it with legal tenders at the Sub interesting circumstance which comes to us through
Treasury just as well as now.
On Thursday quite a the independent credit departments of the principal
deal of cackle was made over one or two sales of gold at banks is that notwithstanding the extraordinary facili­
an insignificant fraction. The transactions, it would ties which have been offered in the way of low rates
Seem, must have been for effect, or else the purchaser was for borrowing, merchants generally have been very
a very helpless or a very lazy man, unable or unwilling conservative; they have borrowed only for current
to cross the street to the Sub-Treasury with his legal needs and in anticipation of business requirements.
tenders and get for nothing what he chose to pay for. The majority of the paper which has come upon the
Be that as it may, the result of the week's turmoil and market is regarded as excellent. The reports received
operations is an assurance not only that the loan has by the above-mentioned credit departments and through
been a success, but that the subscriptions have far ex­ the special agents who are visiting all sections of the
ceeded any anticipation when the Secretary's offer was country are very encouraging, indicating that business
put out. The subscriptions will aggregate at least is conservatively conducted, and that when the revival
three times the amount of the proposal. We are also in trade comes there will be a substantial basis upon
informed, though we could not confirm the statement, which to build.
Money on eall, representing bankers' balances, is as
that one syndicate has sent in a bid for the whole fifty
million dollars or nothing. Moreover; as to the stated above in abundant supply, the offerings coming
Treasury gold reserve, the end will prove that it has from all sources, and the demand being small because of
been supplied with all it needs and that the Clearing- the over-sold condition of the stock market, which
House banks have lost less than the Treasury has enables commission houses to have their stocks carried
from day to day, or longer, without recourse to borrowgained.




N ovem ber

24, 1894, J

THE

CHRONICLE.

ing. The rate at the Board is 1 per cent, at which
figure all loans are made. Renewals are at this rate,
and banks and trust companies loan freely at 1 per
cent. For time contracts the inquiry is light, even for
short dates, borrowers appearing to feel confident that
they can be supplied in the call loan branch of the
market, pending the settlements for the Government
bonds. The offerings by banks and trust companies
and other institutions who expect to bid for the
Government bonds have been withdrawn, for the
time being at least. Rates remain at 1-J per cent for
thirty days, 2% per cent for sixty days to four months,
and 3 per cent for five to six months on good Stock Ex­
change collateral. Commercial paper of first class does
not increase in quantity and all the offerings are promptly
taken. Quotations are 2f@ 3 per cent for sixty to
ninety day endorsed bills receivable; 3@3£ per cent for
four months* commission house and prime four months’
single names; 3£@4 per cent for prime six months, and
4-§@7 per cent for good four to six months single
names.
Nothing affecting foreign markets has occurred,
except the gold movement to Paris mentioned further
below. The news with reference to the Japanese and
Chinese war indicates that the end cannot be far off.
Apparently the only hope for China is in concluding
a peace. The Japanese are said to have captured another
fort two miles west of Port Arthur. A further mishap
for China is the loss of her principal battle-ship on the
18th instant. One account says it was by a torpedo
and accidental, and another that it was in a naval bat­
tle. Our State Department has received this week
Japan’s reply to its offer of mediation. The
reply is stated in substance to have been
that overtures for peace must come from China first,
and the inference is that Japan is ready to treat when
such a request is made by China. This is a perfectly
reasonable position for Japan to take, and it must lead
soon to proposals from China. It was announced yes­
terday that the Japanese Government had issued a
further loan of 50,000,000 yen.
Our special cable
from London states that Paris is still taking gold,
and in large amounts. Our correspondent adds that
“ £618,000 of gold has been sold by the Bank of Eng­
land, chiefly for Paris.”
The Bank of England minimum rate of discount
remains unchanged at 2 per cent. The continued
movement of gold to Paris, which has resulted in in­
creasing the stock of that metal held by the Bank of
France to the unprecedented amount of £78,695,326,
has caused an advance in the open market rate at Lon­
don. Discounts of sixty to ninety day bank bills in
London were yesterday reported at 1@1£ per cent. The
open market rate at Paris is 1£ per cent, at Berlin it is
I f per cent and at Frankfort I f per cent. According
to our special cable from London the Bank of England
lost £539,891 bullion during the week and held at the
close of the week £35,018,132. Our correspondent
further advises us that the loss was the net result of
receipts from the interior of Great Britain of £222,000,
of imports of £76,000 (of which £57,000 were from
Australia and £19,000 from China), and an export
of £838,000— of which £618,000 were sold chiefly for
Paris, £200,000 were for the United States and £20,000
for South America.
The market for foreign exchange has been only mod­
erately active, with a fair business and a firm tone dur­
ing the week. The advance in the open market dis­
count rate at London has caused a wider difference




897

between long and short sterling. The offerings of
commercial bills against cotton have gradually fallen
off in volume; they have come forward in scattering
lots, though outstanding contracts for the delivery of
bills this month are fairly large. There has been a good
demand from coffee, sugar and dry goods importers for
remittance and for settlements, which has kept the mar­
ket quite bare of bills, but the features during the week
have been few. On Monday Brown Brothers advanced
the short rate to 4 88L and this was followed by Baring,
Magoun & Co. and on Wednesday by the Bank of British
North America. The tone was firm on Monday, though
the receipts of cotton bills were fairly liberal, and in the
afternoon short sterling and cable transfers were quoted
strong. On Tuesday there was a lighter supply of com­
mercial bills and a good inquiry from sugar and coffee
importers, and the tone of the market was firm, not
only for sterling but for francs.
On Wednesday there
was a further fractional advance in rates for actual
business, due to the demand from importers to remit
for settlements, and the market was quite bare of all
kinds of bills.
There was no change in rates on
Thursday, but prices were well maintained and the few
commercial bills that were offered were promptly ab­
sorbed.
Yesterday the market closed unsettled
Brown Brothers reduced their rates half a cent per
pound, to 4 86| for long and to 4 88 for short. The fol­
lowing table shows the daily changes in rates of ex­
change by leading drawers.
Fri..

Mon..

Tues..

Wed.,

Thurs.,

Fri.,

Nov. 16. Noy. 19. Noy. 20. N oy. 31. Noy. !92. Nov. 23.
87
87
87
87
87
8 7 -6 «
Brown B r o s . . . . { | ^ s:: 88
88«
88«
88«
88«
88«-8
87
87
Baring,
(60 days.. 87
87
87
87
88«
88«
88«
88«
Magoun & Co. \Sight...... 88
88«
Bank British
(60 days.. 87
87
87
87
87
87
88
83
88«
88«
No. America.. ( Sight...... 88
88«
Bank o f
(60 days.. 87
Montreal.... .. ( Sight..... 88
87«
88«

87

87

87

87

87
88«
87«
88«

88

88

88

88

87«
88«

87«
88«

87«
88«

87

87«
88«
87

88

88

87

87

87

87
88«

87«
88«

87«
88«

§7«
88«

■ 88«

87«

Merchants’ Bk. (60 days.. 8 7 «
o f C anada.... 1Sight...... 88«

87«
88«

87«
88«

87«
88«
87«
88«

Canadian Bank (60 days..
o f Commerce. 1Sight......
Heidelbach.Ick- (60 days..
elheimer & Co i Sight......

88

Lazar d Freres... j

88

88«

87«

88«

88«

87«

88«

The market closed unsettled on Friday at 4 86|-@
4 87i for sixty days and 4 88@4 88£ for sight. Rates
for actual business in sterling were 4 86^@4 86£ for
long, 4 87£@4 87£ for short and 4 87£@4 87f for
cable transfers. Prime commercial bills were 4 8 5 f@
4 86 and documentary 4 85£@4 85£.
The reduction of the quarterly dividend on the
Chicago Burlington & Quincy from
per cent to 1
per cent is the inevitable result of the prevailing con­
ditions. The company’s latest statement of earnings is
for the month of September, and according to that
statement the balance available for dividends on the
company’ s stock was only $1,512,424 for the nine
months of 1894 against $2,036,287 for the correspond­
ing period of 1893. The gross earnings for the nine
months fell off $5,141,249 and expenses were reduced
$4,411,458. Of the loss in gross earnings $3,023,502
was in freight and $2,135,103 in passengers. Of the
$523,863 decrease in the amount of income available for
the tock, $325,866 occurred in the latest month, Septembei, when gross earnings fell off $690,349 and
net earnings $348,747. A good part of the falling off
in that month was in the passenger department and
arose out of the fact that in the corresponding month
of 1893 the passenger receipts included a very heavy
movement of passengers to the World’s Fair. The
same factor will exist in the comparison for October,
indicating the likelihood of a further considerable loss

898

THE

CHRONICLE.

in that month on this account. After that the com­
parisons as regards these passenger receipts should be
better. The freight receipts however present an ele­
ment of considerable uncertainty. The Burlington &
Quincy ordinarily has an exceedingly large traffic in
corn, but this season the corn crop has been
an almost complete failure in some of the
States through which the company's lines run.
Thus the outlook is not so encouraging as could be
wished, though doubtless the recovery in general busi­
ness will operate in a measure to offset the loss of reve­
nue from a diminished corn movement. Under the
circumstances the managers have done a wise thing in
curtailing the payment of dividends to shareholders.
By the reduction the stock is placed on a 4 per cent
basis instead of the previous 5 per cent, and the require­
ment for the dividends is diminished in the amount of
$820,000.
The Chicago & North Western return of gross earn­
ings for the month of October was issued yesterday and
shows a loss in the large sum of $774,408, total earnings
in the month in 1894 having been only $2,905,332
against $3,679,740 in 1893. Of course the loss is
chiefly due to the absence of the World's Fair travel
the present year. Last year in October the falling off
in gross receipts had been less than $20,000, notwith­
standing the widespread and pronounced depres
sion in business, which makes it evident that there
must have been at that time a heavy gain in
the passenger revenues to offset the loss in the
freight revenues. This extra business being absent
the present year, passenger receipts have naturally
dropped back again to ordinary proportions. The com­
pany states that of the $774,408 decrease in gross earn­
ings now reported no less than $599,086 is in the
passenger revenues, which shows what an important
factor in the comparison the World's Fair business has
been. We are also able to state what proportion of the
loss by the Atchison Topeka & Santa Fe system in the
same month is ascribable to the passenger department.
The loss in aggregate earnings of that system in Octo­
ber was $469,095 ; the passenger receipts are respon­
sible for $361,776 of the amount.
The St; Papl
& Omaha statement of gross earnings for October
was also issued yesterday; it records a decrease of
$184,130
Some surprise has been expressed that our compila­
tions of gross earnings for the current weeks of
November snould show losses as compared with the
corresponding weeks of last year. For the first week
of the month our table,^comprising 79 roads, indicates
a decrease of $372,805 or 4*62 per cent, and for the
second week the decrease is $177,620 or 2*29 per cent
on 68 roads. It is argued that the World's Fair was
a thing of the past last year in November, and that
consequently the losses now reported must reflect an
unsatisfactory condition of general trade. But this
reasoning is erroneous. In the first place, some of the
roads are reporting diminished earnings not because
of a falling off in their merchandise and generartraffic,
but because of a falling off in their grain traffic, w ich
by reason of the poor crops is very small. In t ’ e sec­
ond place, while it is true that the Fair car. o to an
end in October last year, and with it the extraordinary
movement of passengers which had distinguished
the months of September and October, nevertheless
the volume of the passenger traffic continued above the
normal for several weeks thereafter. This is clearly
revealed by an examination of our tabled of^earnings at




V ol, L1X,

that time for the weeks in October and November.
For the fourth week of October the decrease was only
3*38 per cent, for the first week of November it was
4’77 per cent, for the second week of November but
2-03 per cent, and even for the third week of November
the decrease was no more than 6*76 per cent. Then a
change occurred (passenger receipts thereafter evidently
dropping to a normal basis), and in the fourth week the
decrease was 10‘07 per cent, while in December the
ratios of loss^became very heavy.
We give on another page our review of the
gross and net earnings of United States railroads for
September and the first nine months of the current
calendar year. The figures of the anthracite coal roads
for the latter period possess especial interest in view of
the unsatisfactory condition of the anthracite f trade.
It appears that for this period the loss in gross on the
anthracite roads furnishing returns has been
$7,504,918 and the loss in net $2,602,031.
One-half of the whole decresae in net comes
from the Central of New Jersey, which has fallen
$1,301,966 behind.
The Reading, with the Goal &
Iron Company, has a decrease of $713,592, the leased
lines of the Lackawanna in New York State a decrease
of only $283,980 and the Delaware & Hudson roads a
decrease of but $184,371.
The Summit Branch, with
the Lykens Valley, has a decrease of $192,386 while
the New York Ontario & Western has an werease
of $74,264.
The coal-mining operations are not
represented in these figures except in the case of
the Reading and the Summit Branch and Lykens
Valley.
The following statement, made up from re­
turns collected by us, shows the week's receipts
and shipments of currency to and from the interior
and also the receipts and shipments of gold by tjje
New York banks.
Received by Shipped by
N, T, Banks■N. V. Banks

Net Interior
Movement.
Currency........................ .............. $3,666,000 $1,605,000 Gain.$2,061,000
SkilA ________ _____________ 1Tr 1,750,000
700,000 Gain. 1,050,000
Total gold and legal tenders.... $5,416,000 $2,305,000 Gaim$3,111,000
Week Ending November 23,1894.

With the Sub-Treasury operations the result is as
follows.
Into
Banks.

Week Ending November 23,1894.

Out of
Banks.

Net Change in
Bank Holdings.

Banks’interior movement, as above $5,416,000 $2,305,000 Gain.$3,111,000
Sab-Treasury operations................ 15,000,000 14,800,000 Gain. 200,000
Total gold andlegaltenders...... $20,416,000 $17,105,000 Gain!$3,311,000

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

November 22,1894.
Gold.
£

Silver.
~£

35,018,132
78,695,326 49,432,288
38,067,600 12,689,200
15,015,000 14,813,000
8,004,000 10,030,000
N etherlands. 4,078,000 6,771,000
Nat.Belginm* 3,330,667 1,665,333
England........
France...........
G erm any*....
Aust.-Hung’y

November 23,1893.

Total.
£

Gold.
£

Silver.
~£

Total.
£

35,018,132
128,127,614
50,756,800
29,328,000
18,034,000
10,849,000
4,996,000

25,899,916
68,318,000
30,719,250
10,279,000
7,918,000
3,356,000
2,685,333

50,711,000
10,239,750
16,107,000
6,521,000
6,891,000
1,342,667

25,899.916
119,029,000
40,959,000
26,386,000
14,439,000
lol247,000
4,028,000

Tot.thls week 182,208,725 94,900,821 277,109,546 149,175,499 91,812,417 240,987,916
Tot. prev. w’k 180,245,570 94,288,903 274,53i,473J 147,779,102 91,160,000 238,939,102

* The division (between gold and silver) given in our table of coin
and bullion in the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain; in neither case is it
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we
believe the division we make is a close approximation.
Noth.—We receive the foregoing results weekly by cable, and while
not all of the date given at the head of the column, they are the re­
turns Issued nearest to that date—that is, the latest reported figures.

N o v e m b e r 24, 1894.]

THE

CHRONICLE.

899

Treasury was reported to be $107,340,146, on the 20th
of November it was only $100,234,178, or a loss of over
THE BOND SUBSCRIPTIONS AND THE
7 million dollars, with one-third of the month still be­
MORAL.
fore us. Can any one say in the light of these facts
Two strongly-expressed sentiments have pervaded wide that the Government has shown haste or unwisdom of
hut different circles the past week. One class has said, any kind in putting out this loan at this time?
But have not the banks been inconsiderate, illiberal
in words or in substance, “ how foolish the Government
has acted in putting out this loan. It has disturbed and unpatriotic in withdrawing gold from the Treas­
-confidence instead of having allayed it.” The other ury ? N o ; according to our idea, and considering the
class has been just as emphatic in the expression of its occasion and circumstances, they have not. Indeed it
views, but they have taken another form. It has said is a little absurd to speak of bank management partak­
substantially, “ what selfish, unpatriotic organizations ing of a patriotic or unpatriotic character in times like
our banks are showing themselves to be— drawing gold these. If it was a crisis that called for sacrifices on
out of the Treasury when the Government is seeking to the part of every one, we have no doubt that the banks
succor all industrial interests by re-ensuring the conver­ would, as in the past, be foremost in emulating the
This though is an affair of a
tibility of the currency.” It will be well to examine these prevailing spirit.
statements to see who or what is to be censured, if very different nature. The Government has offered
anyone or anything is.
We are of the opinion that an attractive bond for sale. When , the proposal was
no blame whatever attaches to either of the classes under discussion, or when it was first put out, the
¡mentioned; that the disturbance of the week has a thought was that the takings would be mainly by our
Clearing-House institutions and that their offers could
•wholly different origin.
So far as the Government is concerned, we showed be easily regulated by the gold they held. But it
last Saturday (page 852) that the loan was a necessity; turns out that the bank depositors, not only those
that the Administration would have done less than its living in New York but others throughout the country,
-duty if it had even delayed the issue, and if it had want some of the loan. Eight of our Clearing-House
omitted it altogether it would have been a grave institutions hold about 43-J millions of the 94£ millions
iault.
To-day our conclusion of a week ago has specie, or nearly half of the total all of them re­
become even clearer than it then was. It now appears ported last Saturday. Of the others quite a number
that the Treasury department knew not only what had had at that date from two to two and a-half million
happened up to November first but what was to be dollars each and all reported sufficient to meet any or­
the character of the income and outgoes thereafter. dinary demand. But when depositors, not singly but
A hope on the part of the public had already been in numbers, go to their bank to learn whether, if they
entertained for two months that the receipts under the subscribe for the bonds, they can depend upon it to
new tariff would accord with the expert estimates and furnish them the gold that may be needed, the affair
become larger, and that the disbursements would ful­ remains no longer a question between them and the
fill the expectations which the smaller appropriations Government, it is reduced to the simple proposition
for the current year raised and become less. For the how they shall protect themselves while serving their
4ihief source of weakness was not that the gold reserve dealers and the public.
Besides, not to draw gold out of the Treasury when
needed reinforcement, it was that the revenue was largely
short of meeting the demands made upon it. The Treas­ a customer asks it would be to refuse a proper request,
ury balance on September 1 was $127,148,097,on October and would be the surest means to prevent the loan from
1 it was $119,919,719, but on November 1 it had been being a success. Of course no bank can say to any de­
reduced to $107,340,146—that is, a reduction of over positor before the allotment that it will set aside a fixed
12£ million dollars in October and of nearly 20 million amount of its gold or even of its legal tenders for his
dollars in the two months ending with the first of sole use. No doubt the available supply will be abund­
ant to easily pay for the fifty millions of bonds, but it
November.
constitutes
the reserves of the banks; it must continue
Even if we had none but these figures they are
to
be
a
common
fund, and subscribers must take their
enough to show how imperative it was that the plan of
Under these circumstances, in case
supplying this deficit should be undertaken at once. chance together.
■Consider what it is they indicate. They tell us that, an over-cautious dealer desires to have the gold pro­
after omitting the payments on the interest account in vided previous to the subscription, why is it not as a
October of $5,194,000 (which was a special require mere matter of business far better for the Government
ment), there had been an average loss for the two to have it done. And granting that a large bank with
months of nearly 7£ million dollars a month. Now, a large reserve should be accommodated in that manner,
with that average result in mind, carry the problem why, we ask again, is it not still more important that
forward over the following two months of November a small bank with a small reserve should likewise be
and December. That is to say, continue the same helped to enable its depositors swell the list of sub­
average loss to the first of the new year, and then add scribers? We dwell upon this point because altogether
to this deficit (another item some of us may have for­ too much has been made of these withdrawals. They
gotten) about 7£ millon dollars of interest due on that were to be expected in the nature of the case. Not a
fiay, making altogether 22i million dollars of disburse­ single one we believe has been made by a bank or an in­
ments above the income, if the income does not increase dividual merely to secure gold. The disposition of our
in those months or the outgoes do not decrease. We Clearing-House institutions in the matter of getting
should not expect the reader to accept so unfavorable a gold out of the Treasury was clearly demonstrated on
For although at that date they
suggestion, and indeed we should probably not make the first of October.
it ourselves were it not that one of the months (No­ might have drawn in gold a good part of the 5-| millions
vember) has, as we write, over two-thirds passed, and of interest which fell due then, they did not draw
that the event so far more than confirms the forecast enough to cause the Treasury stock to decrease a
On the first of November the general balance of the dollar.




900

THE

CHRONICLE,

It is hardly needful far us to point the moral which
the proceedings of the week have illustrated. Almost
every daily newspaper at this financial center or in
neighboring States has observed it and remarked upon
it. We think there are likewise very few individuals
who have failed to see the absurdity of the position the
Treasury Department is required to fill. Congress has
given it the task of making two coins, each with the
Government fiat on, convertible; one of these coins is
worth, according to its bullion value, fifty cents, and
the other 100 cents. All this fuss about a bond sale, all
this flutter about drawing a few millions of gold out of
the Treasury, and all the arts and devices the Secretary
is required to practice in keeping the balance even be­
tween these two dissimilar values, are a part of the
work the task entails.
Can it be that a country with
free schools all over its broad surface will keep up this
farce much longer ?

THE BALTIMORE & OHIO REPORT.
The depressing influences to which all the railroads
of the country were subjected during the twelve
months ending June 30 last were felt with especial
severity by the Baltimore & Ohio. The position of
that company's lines and the character and composition
of its traffic are such that the various adverse influ­
ences which marked the coarse of the year operated
each with maximum force and effect on the traffic of
this system.
The general business depression was o f course a pow­
erful influence in diminishing the traffic and revenues of
the road. Then also the road suffered from the unsatis­
factory condition of trunk-line affairs; the grain crops
of 1893 had been rather small, and both the volume of
through tonnage and the rates realized upon the same
were disappointing. Bates in fact were considerably
demoralized at times. Again, it is well known that
while all industrial interests were in a state of
great depression, the iron industry was prosstrated beyond all others, and part of the B. & O.
system runs through the very heart of the ironproducing districts. Furthermore, the general business
depression with the special prostration of the iron and
steel trades operated to curtail very greatly the demand
for coal, and the tonnage of the Baltimore & Ohio in
that item of freight is exceedingly large, as the road
traverses very important coal-mining sections. As if
this were not enough, there came in April the great
strike of the bituminous coal miners, involving practi­
cally all the mines tributary to the road from one end
of the system to the other— in Maryland, in Pennsyl­
vania, in Ohio, in Illinois. The strike began in April,
and lasted until the 17th of June, and during the major
portion of the time it was necessary to bring coal for
the company's use from West Virginia to both the
eastern and the western divisions.
As a result of these conditions, the gross earnings of
the Baltimore & Ohio during the twelve months fell
off actually more in amount than those of the New
York Central. The loss by the Central, as we showed
in our article on September 29, was $3,258,493. The
loss by the Baltimore & Ohio is now seen to be $3,712,145—-that is nearly half a million dollars larger. Pro­
portionately the,loss for the Baltimore & Ohio is double
that of the Central, for the decrease of the Central was
made on gross in 1892-3 of nearly 47 million dollars ,
while the decrease of the Baltimore & Ohio is made on
gross in 1892-3 of not Quite 26£ million dollars. In




fVoL, LIX

other words, while gross for the Central fell off 7 per
cent, gross for the Baltimore & Ohio fell off 14 per
cent. The reason for the difference is found in the
fact already mentioned, that the lines of the Central,
far to the north, do not run through the great
iron and coal producing districts, while the lines o f
the Baltimore & Ohio do run through those districts,
the latter road occupying in that respect a somewhat
similar position to that of the Pennsylvania Bailroad.
In the freight earnings the falling off was $3,645,521,
or nearly 21 per cent. The volume of the freight
traffic diminished nearly three million tons, dropping
from 16,356,405 tons to 13,357,175 tons, the latter
the smallest yearly total since 1888-89. Up to the late
year the tonnage of the system had been steadily ex­
panding year by year. In 1885 only 8,422,936 tons
had been moved, in 1886 there was an increase to
9,807,686 tons, in 1887 the movement was 10,572,893
Ions, in 1888 the total was 11,195,940 tons, in 1880
12,161,380 tons, in 1890 13,988,176 tons, in 1891
14,858,972 tons, in 1892 15,738,859 tons and in 189J
16,356,405 tons. President Charles F. Mayer states
that the decrease in the late year was entirely
in the transportation of coal, coke, iron and lumber.
How seriously the tonnage of the company was de­
creased, he says, by the extended strike in the coal and
coke regions tributary to the system, and the suspen­
sion of industries dependent upon these products,
is evidenced by the especially heavy losses in revenue on
the Pittsburg division, the Wheeling Pittsburg
& Baltimore, the Central Ohio, the Lake Erie
and the Straitsville divisions.
In the passenger
earnings the loss was comparatively small, only
$186,871, or less than 3 per cent. But the good show­
ing follows from the very heavy travel daring the
early portion of the fiscal year, on account of the
World's Columbian Exposition at Chicago. The road
carried into Chicago, the report tells us, over half a
million passengers during the Exposition, and the ser­
vice and arrangements were so carefully conducted that
there was an entire freedom from accident. Notwith­
standing the travel to the Fair, however, the number
o f passengers carried decreased 1,329,228, indicating
a falling off in local travel as the result of the business
depression. In the passenger movement one mile there
was a small increase, amounting roughly to 5 percent,
which of course was due to the Fair.
The great decrease in earnings necessitated and the
falling off in tonnage permitted a large reduction in
the expense accounts; another factor contributed in
the same direction, namely the large outlays made by
the company in preceding years for repairs, renewals
and improvements, thus reducing the requirements for
this purpose in the year under review. With $3,712,145 decrease in gross receipts, the saving in expenses
has been $3,481,293— over 18 per cent. Of this saving
$1,495,525 occurs under the head of Conducting
Transportation, the total under that head having been
reduced from $10,599,664 to $9,104,139 ; the decrease
here may be supposed to reflect the smaller volume of
traffic. In General Expenses there has been a decrease
of $65,107, and in , Maintenance of Way a decrease of
$589,279. In Maintenance of Equipment the decrease
has been very large, namely $1,331,382, the amount so
expended having been only $2,052,106 in 1893-4, against
$3,383,488 in 1892-3. With the equipment less in use,
or a smaller proportion of it in use, expenses of course
would also be less.
Besides, the equipment had by
heavy outlays in the years preceding been, placed in ex-

N o v e m be r 24,1894.]

the

chronlcle:

ceptionally good condition.
President Mayer puints
out, too, that the large additions of new rolling
stock in the last five years enabled the management to
maintain this department in 1894 at a smaller average
oost. Speaking of the expense accounts generally, he
observes that while in view of the extreme depression
iu business the management exercised the strictest
economy consistent with a proper maintenance of the
property, yet the very thorough manner in which all
-work done in the past five years was carried out made
it possible with less than the usual expenditure to
thoroughly maintain and largely improve the property
in every department despite the discouraging condition
of traffic. The expenditures on capital account for
construction and betterments were kept up notwith­
standing the bad times; the amount for 1894, however,
was only $1,150,590, against $2,523,025 for 1893.
Under the great reduction in expenses, the loss in
the net was reduced to only $230,852, but in addition
the income from investments and outside sources fell
off $268,520, so that, roughly, the company's net income
was diminished half a million dollars. There was
some decrease, however, in the fixed charges (chiefly in
the rentals of the leased roads which are operated on a
percentage basis), and the surplus above the charges was
$2,197,249 for 1893-4 against $2,513,441 for 1892-3,
a falling off of $316,192.
The yearly dividends
on the 1st and 2d preferred stocks took $300,000 in
both 1894 and 1893, leaving a balance of $1,897,249 in
1894 and $2,213,441 in 1893. The company also takes
out payments on account of the principal of car trustg
and equipment bonds and for sinking fund purposes,
these having aggregated $760,347 in 1894 and $759,711
in 1893. On this conservative basis, therefore, the
amount actually available for dividends on the common
stock was $1,136,902 in 1894 against $1,453,730 in
1893. The dividend paid in May out of the income of
the first half of the fiscal year called for $624,935 in
1894 and $624,923 in 1893, leaving for the dividend
for the second half of the year $511,967 in 1894 against
$828,807. The $511,967 is equal to a little more than
two per cent on the $25,000,000 of stock, while a divi­
dend at the old rate would call for $625,000 and this
shows why the dividend payable the present month was
made 2 per cent against the previous 2-J- per cent. For
the twelve months the distribution to the share­
holders is thus 4\ per cent, namely 2i per cent paid
in May and 2 per cent the present November.
The income account, as we see, shows a small
balance above the amount required for this 4-| per cent.
But in connection with that fact the further fact
already mentioned should be clearly borne in mind that
on this basis of stating the accounts, income is charged
with payments of three-quarters of a million dollars
($760,347) for car trust instalments, &c.; in other words,
for appropriations made in reduction of the principal
of the bonded indebtedness. The $760,347 is equal to
over 3 per cent on the company's stock.
The balance sheet shows an increase in loans and
bills payable during the year of $392,866, making the
total June 30, 1894, $4,119,655, but at the same date
the company held in actual cash $3,655,472; at the
corresponding date in 1893 the cash was only $1,192,730. The Baltimore & Ohio is a large system, and of
course has large outstanding accounts. Including the
bills payable the total of all current liabilities, and also
all accrued interest and rentals, amounted June 30,
1894, to $13,074,489; cash and cash assets
were $9,682,504, not counting $906,525 of fuel




901

and materials on hand nor $4,124,071 of ad­
vances for construction on lines leased and operated
The company's investment in the stocks and bonds
of other corporations now stands at $16,805,172, an in­
crease of 2 f million dollars over the year preceding.
The company during the year issued 8^ million dollars
of 4| per cent Terminal bonds to reimburse it for the
large sums recently spent on the terminal properties
and to provide the means for some further expenditures
needed to complete the work of acquisition and con­
struction of such terminals. The mortgage allows of the
issue of $6,500,000 more of the bonds in the future for
the same purpose, if needed.
As regards the outlook
for the current year, President Mayer thinks that the
steady improvement in nearly all classes of manufactur­
ing business promises a return to normal conditions of
railroad traffic at no distant date. He says that the
decrease in revenue thus far in the fiscal year arises
entirely from the absence of the Exposition traffic.

LIMITING

THE CONSTRUCTION OF N E W
ROADS.

The action of the New York State Board of Railroad
Commissioners this week, in denying an application,
for the building of a new road, gives prominence to
a wise provision of the statutory law in this State
regulating the construction of railroads, which it would
be well to incorporate in the statutes of all other States.
By chapter 676 of the Laws of 1892, no new road can
be built in New York State unless the Board of Rail­
road Commissioners shall certify that public conveni­
ence and necessity demand its construction. In the
case which was disposed of this week, the Board found
that public convenience and necessity did not call for
the building of the line proposed, and consequently
they refused to grant the required certificate, without
which the work can not be undertaken.
The application itself was not a very important one,
and it is oc interest mainly because it illustrates the
principle involved and because the Railroad Commis­
sioners, in the reasons they assign for refusing the cer­
tificate, reveal so clearly the soundness of the provision
of law upon which their action is based.
The appli­
cants sought permission to build a road between Aiken
and Grloversville.
The Commissioners say that the
new road would make a saving in distance between the
two points of only two miles as compared with the exist­
ing route of about sixteen miles by the New York Cen­
tral road to Fonda and thence to Grloversville by the
Cayadutta electric road. From Aiken to Fonda the
new road would practically parallel the New York Cen­
tral, and from Johnstown to
Grloversville it
would
follow a
route
already
occupied
by
three existing
roads,
namely
the
Cayadutta
Electric, the Fonda Johnstown & Grloversville and the
Johnstown Grloversville & Kingsborough horse road.
The evidence is undisputed, they say, that the existing
roads are abundantly able to transact all business now
offered or that is likely to be offered for many years to
come. If the charges made for transacting such busi­
ness are exorbitant, there is a better method of curing
the evil than by inviting superfluous competition. Fur­
thermore, the charging of exorbitant rates might indi­
cate, they argue, that there is hardly business enough
to support the existing roads upon reasonable charges,
in which case there would obviously be no occasion to
build another road in a neighborhood already over-sup«
plied with railroads.

902

THE

CHRONICLE.

|VOL, L1X,

** The Commissioners also direct attention to the evils would mean that they were to be allowed to work out
flowing from the construction of unnecessary new of their difficulties, free from the danger of further
roads, saying : “ In different reports from the time of needless new rivalry— that the steady growth and de­
»its organization this Board has set forth certain evils velopment of the country, which in the United States
that had been inflicted upon existing enterprises and can be depended upon with absolute certainty, would
upon the general community by the construction of soon raise them to a better and more assured basis.
unnecessary railroads.
Such unnecessary railroads,
RAILROAD NET EARNINGS FOR
after a brief period of unwholesome competition, had
SEPTEMBER.
speedily gone into bankruptcy and had finally become a
As was foreshadowed by the early returns, the state­
burden upon the older projects and upon the general
ment of gross and net earnings of United States rail­
community.”
This is not stating the case too strongly, and there roads for the month of September is an unfavorable
can be no doubt that both the law itself and the Com­ one. The exhibit for August in recording for the first
missioners^ action under it are correct and commend­ time in the current calendar year an increase in both
able.
It is to be hoped that our Western States gross and net ($301,909 in the gross and $1,395,757 in
may be induced to follow in the same foot­ the net) had encouraged hopes that the change would
steps.
Formerly
it was thought
that there be permanent, and that July had marked the end of
could not be too many roads— that unlimited competi­ the long series of very heavy losses which had distin­
tion was the only safe policy for a State to pursue. guished the year. The hope, however, has not been
Experience has shown the falsity of this idea. Not realized, and for September we again have a statement
only that, but conditions attending railroad operations with very considerable losses in both gross and net, the
have completely changed. The theory of unrestricted falling off in the gross being $3,747,864, or 6*26 per
competition implies the fixing of rates by that method cent, and in the net $3,073,825, or 14*01 per cent.
In view of the conditions prevailing the result is not
alone. We all know, however, that State legislatures
and railroad commissions now regulate rates to a larg-v surprising, and as was pointed out in these columns on
extent. But if Government is to say what the tariff a previous occasion the unfavorable outcome does not
charges are to be, then it follows that the railroads indicate that general business has not been better than
should be made secure at least in the possession of the a year ago. Very many of the roads had to contend
business naturally and rightfully belonging to them, with a great falling off in their passenger receipts, com­
and such increase in it as comes from the growth and parison being with one of the very largest months last
development of the country. In other words the State year at the World's Fair. In the West at the same
should not give authority to a new corporation to step time there was a large contraction in the wheat move­
in and take the whole or a portion of the business nec­ ment and also diminished deliveries of live-stock. The
essary to the successful operation of the existing roads anthracite coal roads suffered both from a dimin­
where such roads by their facilities meet all the ished demand for their product and lower prices.
requirements of the communities they have undertaken Besides this the month had one less working day than
to serve. Any other course must end in disaster, the same month of last year. Still, while it is not
for obviously the only compensation for lower rates is difficult to account for the poor showing, the result i&
disappointing nevertheless, especially when we con­
increased tonnage.
It may be argued that in some of the Western Siates, sider that the present decrease follows heavy decrease»
as yet poorly supplied with railroads, t le time has not a year ago, the loss then having been $6,721,642 or
arrived for imposing restrictions upon the construc­ 10*35 per cent in the gross, and $2,064,323 or 8*73 per
tion of new roads. But such a policy would not at all cent in the net.
militate against a State's getting additional roads. If
September.
January 1 to September 30.
(141 roads.)
(168 roads.)
the proposed lines were necessary the needed permis­
1894.
1893.
1894.
Decrease.
1893.
Decrease.
sion to undertake their construction could be readily
$
$
$
I
$
$
Obtained from the proper officials. It is only where Gross earn’s 56,088,657 59.831,521 3,747,864 503,529,838 576,325,365 72,795,527
37,886,814
Oper.
exp
...
37,900,383
674,039
349,833,612
402,428,429
52,594,817
there was no need for the proposed road that authority
v e t earn’s 18,857,313 21,931,138
3,073,825 153,696,226 173,896,936 20,200,710
would be withheld. The law in this State provides
In
contrast
with
the
showing for August there
that when permission is refused the application may
be renewed after one year. Furthermore, in case of is one circumstance that tends to modify some­
refusal, application may be made to the General Term what the unfavorable showing for September. For the
of the Supreme Court in the district where the pro­ latter month the comparison is with results in 1893
posed road is to run, and said term may, in its discre­ not quite so poor as were those for August, in which
tion, direct the Board of Railroad Commissioners to month the loss in gross reached $8,389,069 and the lose
issue the required certificate.
If thought desirable in net $4,104,067. Below is a summary of the Septem­
the same features and the same course of proceeding ber exhibits for a series of years.
Gross Earnings.
could be adopted in other States. We are sure Tear and
Net Earnings.
number
Tear
Tear
Increase or
Tear
Tear
that the effect would not be to deprive unde­ of roads.
Increase or
Given. Pre:eding. Decrease.
Given. Preceding. Decrease.
veloped sections of needed railroad facilities. On
Septemb'r.
*
f
$
$
tthe contrary the tendency would be in the other 1889 (110) 52,784,642 18,543,273 +4,241,369 20,863,552 17,658,957 +3,204,595
1890 (127) 59,472,038 54,815,840 +4,626,198 21,782,191 20,843,425
+938,766
direction, for with assurance that a new road when con­ 1891 (148) 66,146,846 61,552,791 +4,594,055 24,895,923 22,566,571 +2,329,352
structed would by a settled policy of the State 1892 (127; 68,539,613 66,592,562 +1,947,051 24,902,163 24,667,144 +235,019
L893 (131) 58,195,980 64,917,623 —6,721,642 21,578,744 23,643,067 —2,064,323
be protected in the possession of the business that it 1894 (141) 56,033,657 59,831,521 -3,747,864 18,857,313 21,931,188 -3,073,8251 to
might build up, there would be stronger inducement Jan.
Sept. 30.
than any now existing for undertaking the projects. 1889 (1181471,472,855 443,842,370 +27,630,485 158,755,373 178,103,835 +20,851,5381890 (139) 525,899,581 482,014,966 +43,884,615 172,683,251 160.769,429 +11,913,822
A t the same time such a policy would be of great bene­ 1891 (170) 584,375,254 534,117,083 +20,258,171 189,208,467
180,234,560 +8.923,907
1892
(166) 614,820,953 579,845,658 +34,975,295 193,238,948 187,170,246 +-6,068,702:
fit, to the existing roads, so many of which are now
1893 (146) 573,499,296 576,912,490 —3,413.194 174,636,270 181,936,667 -7,270,397
struggling under the adverse conditions ruling. It 1R94 H 68 502.S29.R3R 576 325.335 —72.795.527 153.693.226 173.896,936 +20.29&7




Novembre 24, 1894.]

THE

It is quite needless to say that seme of the individual
roads have suffered strikingly heavy reductions of their
earnings, hoth gross and net.
In the gross the
Burlington & Quincy has fallen $690,349 behind, the
Reading, with the Coal & Iron Co., $658,414 behind,
the Atchison $631,978, the Illinois Central $585,557,
the Chicago & Grand Trunk $345,417, the Baltimore
& Ohio $234,809, the Wabash $221,661, the St. Paul
$214,175, the Central of New Jersey $187,785, the
Grand Trunk $170,983, &c., &c. In the net the Atchison has lost $758,711, the Illinois Central $411,183, the
Burlington & Quincy $348,747, the Reading $326,519,
the Southern Pacific $256,055, the Union Pacific
$211,466, the Chicago & Grand Tnm k $207,118, the
Baltimore & Ohio $190,710, the St. Paul $161,559, the
Central of New Jersey $147,453, etc. Unfortunately,
too, many of the roads had heavy losses last year also.
A few roads are able to show a fair improvement. In
the gross the Louisville & Nashville has $202,131 gain,
the Norfolk & Western $151,775, th e . Southern Rail­
way $115,019 ; in the net the San Antonio & Aransas
Pass has $88,204 increase, the Southern Railway $80,531, the Denver & Rio Grande $54,380 increase, the
West New York & Penns. $45,137, &c. In the follow­
ing we furnish a full list of all the gains an ! lo3s )3 in
both gross and net down to $30,000.
PRINCIPAL CHANGES IN GROSS EARNINGS IN S E P T E U B E R .

ll001*A0 BAS.
Balt. & Ohio (2 roads).. $234,809
Wahash..........................
221,661
Chic. Mil. & St. Paul...
214,175
Central of N. J.............. - 187,785
Grand Trunk. ............
170,983
Canadian Pacific. . . . . .
142,271
Union Pacific (8 roads)
126,344
Pennsylvaniat (3 roads)
116,808
Burl. C. Rap. & North..
85,592
Louisv. N. Alb. & Chic.
80,851
Chesapeake & Ohio. .. .
62,794
Oregon Impt. C o ..... .*•
60,156
38,569
Iowa Central................
Total (representing
34,712
11 roads)............... $892,634 N. Y. Ont. & W est........
Summit Br.,LykensVal.
33,856
32,085
Chic Burl. & Quincy... $690,349 Clev. Cin. Chic. & St. L.
Phil. & Read, and C.& I.
658,414
Total (representing
Atch. T. & S. F. (4 r’ds).
631,978
36 roads)..............$4,755,166
Illinois C entral............
585,557
Chic. & Grand Trunk...
345,417

Incrcftiics«

Louisville & Nashville. $2)2,131
Norfolk & W estern......
151,775
Southern Railway........
115,019
San Antonii & A. Pass.
76,874
Denver & Rio Gran de..
74,170
73,352
Mexican Central...........
Sav. Fla. & W estern....
51,196
St. Louis South west. . . .
48,394
Rio Grande Western...
36,325
West. N. Y. & Penn.......
31,543
Allegheny Valley..........
31,405

t The gross on Eastern lines increased $103,573 and on Western
lines decreased $226,381.
PRINCIPAL CHANGES IN N E T EARNINGS IN S E P T E M B E R .

San Antonio & A. Pass.
Southern Railway........
Denver & Rio Grande..
West. N. Y. & Penn......
St. Louis Southwest....
Chic. Burl. & N orth___

$88,204
80,531
54,380
45,137
44,085
31,020

Total (representing
6 roads)................ $343,357
D e cre a s e s .
Atch. T. & S F. (4 r’ds). $758,711
Illinois Central.............
411,183
Chic. Burl. & Q u in .......
348,747
Phil. & Read, and C.& I.
326,519
Southern Pac. (6 roads)
256,055
Union Pacific (3 roads)
211,466

||nA1*A!) BAB
Chic. & Grand Trunk... $207,118
Balt. & Ohio (2 roads)..
190,710
Ohie. Mil. & St. Paul...
161,559
Central of N. J...............
147,453
Canadian Pacific.........
128,630
Wahash. .......................
80,222
Burl. C. Rap. & North..
76,233
Louisv. N. Alb. & Chic.
66,594
59,416
Oregon Impt. Co...........
Chesapeake & Ohio......
57,711
Iowa Central..... ...........
37,508
Northern Central........
30,292
Tstal (representing
35 ro a d s )............$3,556,177

It will be observed from the foregoiag that the losses
nearly all come from roads which have suffered either
from the absence of the Fair travel or from the
smaller grain movement, or from both combined, or
from the unsatisfactory condition of the anthracite
coal trade.
The gains, on the other hand, come
chiefly from roads in the South or Southwest.
No surprise will be felt at the statement that when
arranged in groups there are only two groups
outside of the Mexican group which record an increase
in gross or net. The two exceptions are the Southern
group and the Eastern and Middle group. All the
other groups have losses. The percentage of falling
off in the net is very large too for several of the groups,
being 27*67 per cent for the anthracite coal group, 23 22
per cent for the Middle Western and 25 69 per cent for
the Southwestern. In the latter case, however, the
poor showing is almost entirely due to the very
heavy loss on the Atchison, as the Denver & Rio




903

GHEONICLE.

Grande and m st of the other roads have gains. The,
loss of 23*22 per cent for the Middle Western group is
also somewhat misleading, as the Illinois Central, with
its decrease of $411,183, is mainly responsible for it,
and 20 of the 27 roads in that section record improved*
net. The Northwestern group shows 18*43 per cent
decrease in net, the Pacific Coast group 15*15 per cent!
and the trunk lines 9*33 per cent. The Southern
group has 2*31 per cent increase and 19 of the 33
roads have contributed to the improvement.

September.
Trunk lines..(12)
Anthra. coal( 6)
East. A Mid. (15)
Mid. W est’n.(27)
Northwest’n ( 9)
Southwest’n.(17)
Pacific Coast (20)
Southern.... (33)
Mexican.......( 2)

Net Earnings.

Gross Earnings.

Se c tion or
Gr o u p .

1893.

1894.

$
$
15,783,046 16.938,394
5,070,490 5,985,257
2,104,481 2,083,734
4,271,878 4,893,151
6,755,436 7,761,891
5,214,140 5,628,499
9,175,485 9,433,475
6,737,937 6,205,581
970,764
896,539

Inc. or Dec.

1893.

1894.

*
5,725,214
1,756,421
750,271
1,744,497
3,229,948
2,135,071
4,036,927
2,212,408
340,381

$
6,100,778
1,270,424
780,941
1,339,443
2,635,581
1,583,423
3,425,060
2,2 Ì3.538
356,125

*
-534,436
—485,997
+39,670
—405,054
—594.367
—548,648
—611,867
+51,130
+16,744

P.C.
9 33
27-67
5-28
2322
18-43
25-69
1515
2-31
463

Tot.. (141 r’ds) 56,083,657 59,831,521 18,857,313 21,931,138 —3,073,825 14-01

January 1 to
September 30.
New Eng___( 9)
Trunk lines..(13)
Anthra. coal (11)
Mid. States..(30)
Mid. W est’n.(28)
North west’n (10)
3outhwest’n (ll)
Pacific Coast (21)
Southern.... (321
Mexican...... ( 3)

47,319,784
152,359,994
54,797,835
29,823,797
32,727,119
53,340,519
10,274,940
68,874,420
43,862,626
10,143,804

61,113,075
130,046,047
62,302,753
33,762,639
38,591,685
62,868,466
11,816,457
79,252,822
46,771,843
9,769,583

15,882,777
43,412,249
15,085,609
10,287,818
8,835,288
18,586.288
3,501,071
20,594,075
13,949,707
3,530,344

14,859,567
50,583,403
17,688,640
11,956,883
10,932,42)
20,036,065
3,623,441
26,564,907
14,333,316
3,286,289

+1,043,210
—7,171,154
—2,602,031
—1,669,070
-2,127,132
—1,439,777
—122,370
-6,967,832
—388,609
+244,055

7-03
14-18
14-71
13-96
19-35
7-19
338
22-47
2-71
742

T o t.. (168 r’ds) 503,529,838 576,325.365 153,696,226 173,896,936 —27,200,710 11-68
N o t e .—in c l u d e d

u n d e r th e h e a d op—

New England.

Bangor & A roostook .)
Boston & A lbany.)
Boston & Maine.)
Boston R. B. & L yn n.)
Bridgton & Saco R iver.)
Clarendon & P ittsford .)
Fitchburg.)
N. V. & New England.)
N. Y. N. H. & H artford.)

Trunk Lines.

B. A O., East o f Ohio.
B. & O., W est o f Ohio.
B. A O. Southwestern.*
Clev. Cin. Chic. & St. L.
Peoria & Eastern.
Grand Trunk o f Canada.
Chic. & Gd. Trunk.
Detroit Gr.Hav. & Mil.
N. Y. Cent’l A Hud. R .)
N. Y . Chic. & St. Louis.)
Pennsylv, East o f P. A E.
West o f Pitts. A Erie.)
Pitts. Youngs. A Ash.
Wabash.

Anthracite Goal.

Central o f New Jersey.
Del. A Hudson—
Albany A Susiueh’ na.
N. Y. & Canada.
Renns. A Saratoga.
Del. Lack. A W.—
N. Y. Lac i. A West.
Syracuse Bing. A N. Y.
N. Y. Ontario A West.
Phila. A Reading.
Coal A Iron.
Summit Branch.
Lvkens Valley.

i Ulster A D ¿1aware.
Wallklll V alley.)
West Jersey A Branches.
Western Md.
Western N. Y. A Penn.

Middle Western.

Chic. A W est Mich.
Cin. Jack. A Mack.
Cin. Lebanon A N or.)
Cin. Ports. A Virginia.
Cleveland Akron A Col.
Clev. A Can. Southern.*
Det. Lans. A Nor.
Elgin Joliet A Eastern.
Flint A Pere Marq.
Grand Rapids A Ind.
Illinois Central.
Indian. Dec. A W.
Iron Railway.
Kanawha & Michigan.
Lake Erie A ll. A So.
Lake Erie A Western.
Louisv. Evansv. A St. L.
Louisv. N. A. A Chic.
Manistique.
O Ho Southern.*
Pitts. Marion A Oh.
Pitt*. Cha-. A Yough’g’y )
Pittsburg A Western.
Sag. Tus. A Hur.
Sag Valley A St. Louis.
St. L. Alt. A T . H.
Tol. A. A. A N. M.
Toledo A Ohio Central.
Tol. Peoria A W.
Wabash Chest. A W est.)

Tex. Sab.Val.A N.W est.
W aco A No’ western.

Pacific Coast.

Canadian Pacific.
Nevada Central.
Oregon Im provem ent Co.
Rio Grande Western.
San. Fran. A North. Pac.
So. Pacific.—
Gal. Har. A S. A.
Louis. Western.
Morgan’s La. A T.
N. Y. Tex. A Mex.
Texas A New Orleans.
Pacific System.
Onion P a cificUnion Pacific Railway.
Ore. Sh. L. A Otah Nor.
St. Joseph A Gr. Island.
Kan. Oitv A Omaha.
Central Branch.
Atchison Col. A Pac.
A tch. Jew. Co. A W est.
Montana Union.
Man. Al. A B.
Un. Pac. Denv. A Gulf.
Visalia A Tulare.)

Southern Hoads.

Alabama Midland.
Atlanta A W t. Point.
Bir. A Atlantic
Brunswick A Western.*
Carolina Mia land.
Cnar. Cin. A Chic.
Char. A Sav.
Cheraw A Darl'ngt.on.
Chesapeake A Ohio.
Nortnwesiern.
Burl. Cedar Rap. A Nor. Cues. Ohio A Southwest.
Cin. A Ken. Southern.
Chic. Burl. A North.
G idsden A A ttala Un.
Caio. Burl. & Quincy.
Eastern and Middle.
Georgia.
Adirondack.
Chic. Mil. A St Paul.
Ga. Southern A Fla.
Duluth A Iron R an ge.)
Addison A Penn.)
G ulf A Chicago.
Allegheny Valley.
Iowa Central
J aok. Tampa A K. W.
Annapolis Wash. A Bal.) Keokuk A Western.
Kan. City Mem. A Bir.
Bath A Hammond sport. Minn. A St. Louis.
Louisville A Nashville.
Quincy Omaha A K. C.
Brooklyn Elevated.
Leusv. St. L . A rex.
it. Paul A Duluth.
Buff. R och. A Pitts.
Macon A Birmingham.
Southwestern.
Camden A Atlantic.
Nash. Chat. A St. Louis.
Central Penn. A W est.) Arkansas Midland.
New Orleans A So.
Atch. Top. A Santa Fe.*
Cbatauqua Lake.
Norfolk A Southern.
St. Louis A San Fran.*
Cumberland Valley.
Norfolk A Western.
Dunkirk A l. V . A P.4
Atlantic A Pacific.*
Ohio River.
Colorado Midland.*
Elmira Cort. A N o.)
Petersburg.
Fall B rook.)
|Austin A Northwest.
Rich. Fred. A Pot.
Kings County E levated.) Crystal.
Rich. A Petersburg,
Denver A R io Gr.
Long Island.)
lav. Am. A Mont.
Eureka Springs,
Manhattan E levated.)
Sav. Fia. A W estern.
N. Y. Phila. A Norfolk.) st. W orth A Rio Qr.*
Stiver
Spg. Oc. A G u lf.)
Kan. C. Ft. S. A Mem.
N. Y. A Rock. Beach.)
Southern RGlway*
Northern A dirondack.) Pecos V alley.)
W estern o f Alabama.
Rio Grande Southern.
Northern Central.
St. Louis Southwestern.* W est Va. C. A P.
Prospect, Park A C I.)
Mexican Roads.
San Ant. A A. Pass.
Staten island R. T.
Mexican Central.
Silverton.*
Stony Clove A C. Mt
Mexican National.
Syracuse Gen. A Corn.)
* For month only.
) For nine months.
,
. ^
t We include these Western lines in onr table by taki i g an estimate fo r 1893
on which to base the increase or decrease reported fo r this year.

For the Dine months to September 30 our statement
comprises a number of roads which do not furnish reg­
ular monthly re urns. As might be expected, for
this period there is not a single group outside of the
Mexican roads which is able to show an increase in
gross earnings. For the whole 168 roads embraced
in our tabulations the loss is 72f million dollars or
12*63 per cent in the gross, and 20i million dollars ori

904:

THE

CH KO M CLE.

11*61 per cent in the net. For several of the grousp
the percentage of loss in the net runs very even,
it being 14*18 per cent for the trunk lines/-14*71 per
cent for the anthracite coal group and 13*96 per
cent for the Middle States group. For the Middle
Western group the decrease is 19*35 per cent, for the
Pacific group 22*47 per cent.
The New England
group has 7*03 per cent increase, the Northwestern
group 7*19 per cent decrease. For the Southwestern
group the loss is only 3*38 per cent, but in this case
the figures of the Atchison are missing; these, if in­
cluded, would raise the percentage of loss to large pro­
portions. As in the statement for the month, Southern
roads make a very good showing, the aggregate loss
in net being only $388,609, or 2*71 per cent. Still
even here 15 of the 32 roads have fallen behind, some
in quite large amounts.
S to ck E x c h a n g e C l e a r in g -H ouse T r a n s a c t io n s . — The

subjoined statement includes the transactions of the Stock
Exchange Clearing-House from Nov. 12 down to and includ
ing Friday, Nov. 23; also the aggregates for January to Oct.
inclusive, 1894 and 1893.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS

.— Shares, both sides.—. »-------Balances, one side.------ -Parties
Cleared,. Total Value. Shares. Value Shares. Oash.Olear'na
Month—
S
9
%

Jan., 1893.
Feb.. 1893.
Mar., 1893.
Apr., 1893.
May, 1893.
June.1893.
July, 1893.
A ug., 1893.
Sept., 1893.
Oc*„ 1S93.

28,544,500
25,108,900
24,591,100
20.802,500
28,209,500
17,190,700
19,685,700
17.569,400
16,020,300
19,604,700

2,064,709,000
1 744 400.000
1,690,000,000
1,421,300,000
1,738,900,000
1,016,900,000
1,100,000,000
961,300,000
936.400,000
1,172,400.000

3,000,000
2,587,900
2,703,800
2.311.300
2,869,500
1,682,000
1.796.300
1,470,200
1.380.600
1.783.600

10 m os...
Jan., 1894.
Feb., 1894.
Mar., 1894.
Apr., 1894.
May, 1894.
June.1894.
July, 1894.
Aug.,1894.
Sept, 1894.
Oct., 1894.

217,327,300
18,363,000
12,847,600
16,912,900
14,728,000
19.140,800
13,185,700
10,911,400
18.370,200
14,847.900
16,780.900

13,846,309,000
1,088,600,000
734,800,000
1.076.441,000
868,700,000
1,250,300.000
842,800.000
734,700.000
1,185.400.000
959.400.000
1,069,000,000

21,585,1001,286,511,000 28,718,400 65 210
1,354,000
69,100,000 2,041,000 6,835
1,035,400
56,2110,000 1,396,900 5,598
1.452.100
81.800,000 1,928,700 6,581
1.384.300
77,200.000 1,418,900 6,401
1.551.100
91,700.000 1,938,500 6,689
1,147,800
65,300,000 1,484,000 6,088
938,500
57,070,000 1.328.500 6.85«
1.580.300
96,900,000 2,461,900 6,958
1,235,200
71,800.000 1,627.000 5,7 If
1,049,500
63,500,000 1,723,000 6,718

10 m os... 155.088,400 8,810,141,000

210,700,000
172,701,000
167 900,000
153.300,000
161,110,000
90,200,000
88,100,000
73,900,000
72,100,000
96.500,000

3,300,500
3,529,000
3,784,100
2.331,000
4,870,100
1,739,800
2,752,600
2,329,200
1.988.600
2,043,600

12,728,200 730.570.000 17,048,400

6.889
6,151
7,080
6,005
7,200
6,385
6,015
6,882
6.956
6,683

63.444

<—Shares, both sides.-—. <—----- Balances, one side------- Parties
Cleared. Total Value. Shares. Value Shares. Oash.Olear’na
$
$
$
Xov. 12.. 1,041,300 124,400,000 117,ono
8,300,000 249,800
343
B “ 13.. 1,009.900 74,900,000
67.300 4,300,000 95,100
322
3 14.. 699,700 53,700,000
48.700
3,300,000 76 000
311
“ 15.. 879,300 69,000,000
52,000
3,700,000 101,900
.311
i 1 6 .. 718,300 53,000,000
49,-00
3,000,000 81,400
290
lo t . w b..4,308,500 375,000,000
Wklastyr4,079,800 261,700,000
X o v .1 9 ..1,015,000 72,200,030
“ 20.. 857,600 62,300,000
“ 21.. 676,100 51,200,000
i 22.. 1,076,300 77,800,000
“ 23.. 950,300 71,200,000

334.700 22,600,000 459,000 1,577
343.700 20,300,000 459,800 1,526
65,600
4,400,000 107,100
327
56,200
3,900,000 87,300
309
47,500
3,400,000 71,400
305
56,100
3,800,000 127,500
327
53.300

3,400,000 119,800

313

Tot. Wk..4,575,300 331,200,000 278,700 18,900,000 513,100 1,581
WMastyr4,432,500 293,772,800 351,100 21,553,000 480,800 1,540
The stocks cleared now are American Cotton Oil com men
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com ­
mon, Chicago & Northwestern, common, Chicago Rock Island
& Pacific, Delaware Lackawanna & Western, Distilling &
Cattle Feeding, General Electric, Lake Shore & Michigan
Southern, Louisville & Nashville, Manhattan, Missouri
Pacific, New York Central, New Y. L. E. & West., North.
Pac. pref., National Lead common, Phila. <&; Bead.. Un.,
Pac., U. S. Cordage common and preferred and Western
Union.

[VOL. L IX ,

$507,972 coin and $824,800 bullion. For the ten months the ex­
ports of gold have been $682,874, against $993,767 in 1893, and
$10,408,842 silver has been sent out, against $9,764,701 in 1893.
The exhibit for October and the ten months is as follows :
IMPORTS OP GOLD AND SILVER AT SAN FRANCISCO.
GOLD.
MONTHS.

SILVER.

Coin.

Bullion

Total.

Coin.

August___
September
O ctober...

$
8,867
6,758
33,990
40,705
7,541
11,536
6,133
40,190
13,082
498,343

$
24,323
258,377
16,559
9,985
27,148
28,434
42,243
43,579
29,578
69,132

$
33,190
265,135
30,549
50,690
34,689
39,970
48,376
83,769
42,660
567,475

9
159,558
34,842
20,060
35,121
153,205
116,263
47,956
227,130
11,758
136,282

$
112,767
148.998
79,601
61,047
116,562
89,237
96,701
99,310
60,120
126,911

TAIO mos.

647,145 549,358 1,196,503

942,175

991,254 1,933,42 9

1894.
January...
February..
March......
A pril____

Bullion.

Total.
$
272,325
183,840
99,661
96,168
269,767
205,500
144,657
326,440
71,878
263,193

EXPORTS OP GOLD AND SILVER FROM SAN FRANCISCO.
GOLD.
MONTHS.

Coin.

1894.
January. .
February..
March.......

Bull’ti

SILVER.

Total.

Coin.

Bullion.

Total.

9

August___
September
October...

$
137,377
92,670
123,177
62,165
16,278
19,135
61,235
73,665
64,775
31,547

85Ó

$
137,377
92,670
123,177
62,165
16,278
19,135
61,235
73,665
64,775
32,397

T’1.10 mos.

682,024

850

682,874 4,516,218 5,892,624 10,408,842

$
437,844
371,254
229,477
327,178
445,297
395.702
417,601
575,763
808,130
507,972

$
391,400
413.600
477.600
573,496
455 758
989,000
583,070
747.800
436,100
824.800

$
829,244
784,854
707,077
900,674
901,055
1,384,702
1,000,671
1,323,563
1,244,230
1,332,772

IMPORTS AND EXPORTS FOR OCTOBER.
The Bureau of Statistics has issued a detailed statement o f
the foreign commerce of the country for the month of Octo­
ber, 1894 and 1893, and for the ten months ending October
31 in 1894 and 1893, as follows :
MERCHANDISE.

October.
10 mos. end. Oct. 31.
1894.—Exports—Domestic..................$82,291,250
$644,569,507
1,267,122
15,597,141
Foreign.....................
$83,558,372
Total...................
Imports—Free of duty..............$30,498,553
Dutiable..................... 29,183,12 l
Total

$860,166,643
$328,573,734
234,697,282

$59,681,674

$563,271,016

Excess of exports............................... $23,876,698
1893.—Exports—Domestic................... $35,902,877
Foreign.....................
1,772,604

$96,895,632
$672,986,737
17,910,617

$87,675,481
Total............ ...................
Imports—Free of duty.............. $29,080,844
Dutiable..................... 22,654,478

$690,897,354
$357,741,503
319,319,191

Total...........1......................... $51,735,322

$677,060,694

Excess of exports.,.................................$35,940,159

$13,836,660

GOLD.

1894.—Exports..................
Imports.................................
Excess of imports ..
Excess of exports...
1893.—Exports.. . . . .
Imports.......

$1,080,839
1,675,371
594,482

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

$511,018

___ ____

$1,072,919

$91,602.714
18,598,371
73,004,343
$76,789,532
67,544,569
$9,244,963

SILVER.

1894.—Exports... . ..
Imports........

$39,773,554
11,298,407

Excess of exports...
1893.—E xports........
Imports........

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

1,418,069

$28,475,147
$36,877,387
16,424,323

Excess of exports...

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

$2,039,604

$20,453,064

IMPORTS AND EXPORTS OF GOLD AND
' SILVER A T SAN FRANCISCO.
The Collector of Customs at San Francisco has furnished us
this week the details of imports and exports of gold and
silver through that port for the month of October, and we
give them below in conjunction with the figures for the
preceding months, thus completing the figures for the ten
months of the calendar year 1894. Imports were decidedly
heavier in October than iu any previous month of the year,
the amount of gold received reaching $567,475, of which
$498,343 was in coin; and of silver there came in $263,193,
of- which $126,911 was bullion. There has been received
during the ten months a total of $1,196,503 gold and $1,933,429
silver, which compares with $1,534,460 gold and$l,817,088 silver
in 1893. The shipments of gold during October were only $31,047," of which $850 coin, and the exports of silver have been




[From our own correspondent.]
L o nd on , N ov . 10,1894.

There is very little change in the money market, although
gold is being withdrawn for the Continent in very large
amounts. During the week ended Wednesday of last week,
in round figures three quarters of a million sterling was taken,
and during the week ended Wednesday night last £657,009
was taken, and further large withdrawals are expected. The
demand is chiefly for Paris, but considerable sums are going
to Austria-Hungary, Germany, Roumania, Egypt and South
America. Furthermore, the usual demand of the Scotch
banks has now begun. Ia coasequen ;e the coin and bullion
held by the Bank of England is down somewhat more than a
million sterling, and now but little exceeds 35 millions sterl-

N o v e m be r 24, 1894. J

THE

CHRONICLE

iDg. The reserve is a little under 26% millions sterling. As
trade is dull and speculation absent, the best informed believe
that the Continental demand is due to the desire of the great
military governments to increase their war chests.
On Wednesday the India Council offered for tender, as usual,
40 lakhs of rupees, and sold a trifle under 33% lahks at
Is. 1 9-32d. per rupee. It has since sold small amounts by
private contract. Trade in India is very slack and the de­
mand for money is very small. The chief buying of the
Council drafts is understood to be for the settlement o f debts
due from China to India. The silver market is very quiet and
the price is fluctuating between 29d. and 29%d. per ounce.
The new Chinese 7 per cent silver loan of £1,635,000 has been
fully subscribed. There was no great eagerness to get allot­
ments, but there were fair applications from the Continent as
well as from this country.
At first the great success of the Republicans at the United
States elections was welcomed by a considerable rise in the
American department, but the improvement has not been
fully maintained. Every one was expecting a Republican
victory, but it is greater than had been anticipated ; its very
completeness indeed tends to deter operations for the moment,
and people here are asking, I f the Republican majority in
Congress is so large as to be able to override the President’s
veto, may not very unwise measures be carried] in spite of his
opposition ? Still, the impression made is rather favorable.
Upon the whole the tone in the stock markets is decidedly
better than it has been for the past few weeks. There
was a very considerable fear here that when the death
of the Czar was announced there would be a sharp fall m Rus­
sian securities in Paris; but the market was so well supported
that investors have remained calm, and the steadiness in
Paris has encouraged all other stock exchanges. Then again,
the request of the Chinese Government for mediation by the
United States and the great European Powers has made a
very good impression. It is understood that Germany is un­
willing to interfere, but that our own Government is very
much in favor of mediation. Russia and France are not in­
disposed, but it is not expected that they will act without Ger­
many. As long as the war lasts it is not likely that there will
be very much activity here, so great are the interests of all the
Western Powers and so apprehensive are people lest difficul­
ties should arise.
A further good impression has been made upon the market
by the purchase of the remaining Uruguay bonds held in the
Baring estate. A syndicate had an option to take those bonds
which would not expire until the end of the year. This week
it has decided to exercise the option. Uruguay is doing very
well and the bonds are being quietly absorbed. A t the same
time the Uruguay Government is showing a desire to borrow,
which is rather disturbing some investors. It is not probable,
howéver, that money will be lent here.
Although upon the whole there is a very much better feel­
ing than there was, there is not very much activity. The more
cautious operators are waiting upon the course o f events in
China and Madagascar, and the great investing public is do­
ing little. What are considered here the very best securities
are already very high, and the public is not yet disposed to
purchase speculative securities. In spite of that, however,
the number of new companies coming out is steadily increas­
ing. During the month of October more companies were
registered here than for any month for years past.
If there is no further political alarm there is likely
to be a very large increase in the new issues. Very
soon it is expected that the Egyptian Government will
propose the conversion of the unified debt. A conversion of
the greater part of the Turkish debt is also under considera­
tion. New loans are expected by our colonies and by some of
the South American States ; and doubtless there will also be
considerable Continental borrowing. As regards China the
general expectation is that whenever the war ends, Japan will
insist upon a large war indemnity, and that China will have to
borrow in cor sequence. The Chinese Government is very un­
willing to borrow in gold, while investors here have no likiDg
for silver loans. If China agrees to borrow in gold, she will
be able to raise a very considerable amount ; but if she insists
upon a Silver loan, her ability to obtain the money will be
greatly curtailed.
The Board Of Trade returns for October are more satisfac­
tory thàn for any previous month of the year. The
value of thè imports was £35,668,000, an increase of




9 05

£311,000, or 0'8 per cent. The value o f the exports
of British and Irish produce and manufactures was
£19,148,000, an increase of £968,000, or 5% per cent. It is
true that there were only four Sundays last month, while
there were five in October o f last y ea r; and it is also true that
the great coal strike in the Midlands last year interrupted
business. Still, an increase of 5% per cent is very satisfactory»
And what is still better is that a large part of the improved
ment is due to increased purchases by the United States. A s
prices are lower now than they were twelve months ago*
speaking generally,the whole improvement is due to augmented
quantities being taken. The home trade had been steadily im “
proving all through the year, but until now the foreign trade
was disappointing.
The increase last month has naturally made a very good
impression upon [the Stock Exchange, yet British railway
stocks are not in active demand. This is chiefly because it is
known that the fixed charges and the working expenses for
the current half-year will be much larger than for the cor­
responding half of last year, and therefore it is expected that
the next dividends will be somewhat disappointing. Bank
shares, too, are rather neglected, as, owing to the very low
rate of interest and discount the general opinion is that bank
dividends will have to be reduced. But if the worst of the
depression in the foreign trade has now been felt, and every
month there is an increase, ever so little, that is sure to en­
courage better business upon the Stock Exchange.
The imports since January 1st have been as follows:
I m posts.

January..........
February----March........ .
April...............
May.................
June................
July................
August............
Septem ber....
October..........

1894. *
&
38,458,613
33,984,085
35,341,037
35.Q08.029
34,134,060
34,250,033
31,845,553
31,638,521
30,249,136
35,663,335

10 months.... 340,312,998

1893.
&
33,126,470
29,759,640
34,059,485
32,120,160
36,838,213
31,869,592
33,293,191
35,002,772
31,378,830
35,357,297
332,535,950

Difference.
£

Per Ot,

+5,332,143
+4,224,445
+1,281,552
+2.877,869
—2,704,153
+2,380,441
—1,447, «38
—3,364,251
—1,129,694
+ 311,088

+16*0»
+14*19
+ 3*76
+ 8*99
— 7*34
+ 7*46
— 4*34
— 9*61
— 3*60
+
*88

+7,777,048

+ 2*34

The exports since January 1st have been as follows :
Exports»

January..........
February........
March........
April................
May...................
June..................
J u ly ...............
August...........
September___
October........

1894.
&
18,151,880
17,679,449
18,098,903
17,559,876
17,484,212
17,909,155
18,398,536
18,581,240
17,599,320
19,147,996

10 months..... 180,610,567

1893.
&
18,026,019
17,093,309
19,432,904
16,617,977
17,822,460
18,785,271
19,651,374
19,530,178
18,434,129
18,179,792
183,573,413

Difference.
Per Ot•
&
+
125,861
+ 0*69
+
586,140
+ 3*42
—1,334,001
— 6*86
+
941,899
+ 5*66
—
338,243 — 1*90
—
876,116 — 4*66
—1,252,338
— 6*37
—
948,938 — 4*85
—
834,809 — 4*52
+ 968,204
+ 5*32
—2,962,846

— 1*61

The exports of foreign and colonial produce since January
1st show the following contrast:
R e -e x p o r t s .

January..........
February....... .
March.............
April...............
May.................
June................
July................
August............
Septem ber....
October..........
10 months....

1894.

1893.

4,346,643
5,051,720
5,342,886
4,810,362
4,904,108
5,198,180
4,289,764
5,127,380
3,810,616
5,831,638

4,785,629
5,733,252
5,690,367
4,856,184
6.945,220
4,796,015
4,812,492
4,368,637
3.919,667
4,749,117

£

48,713,297

£

50,655,530

Difference.
a
— 438,986
— 681,532
— 347,481
—
45,822
—2,041,112
+ 402,165
— 511,728
+ 758,743
— 108,051
+1,082,521

— 9*17
—11*88
— 6*10
— 0*94
—29*38
+ 8*38
—10'8fi
+17*36
— 2*75
+22*79

Per OU

—1,942,283

— 3*8.3

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c
compared with the last three years :
1894.

Nov. 7.
£

25,508,595
Circulation...............................
5,388,975
Public deposits.............................
Other d e p o s its .................. ........ 37,011,807
Government securities............... 15,301,917
Other securities.... ................... 18,474,743
Reserve o f notes and coin.......... 26,444,225
Coin & bullion, both departm’ts 35,152,820
62%
Prop, reserve to liabilities, .p. c.
2
Bank rate ....................per cent.
102 5-16
Consols, 2% p e rce n t...................
29%d.*
Silver ......................................... .
Clearing-House returns. . . . . . . . . 107,912.000

1S93.

1892.
1891.
Nov. 9.
Nov. 11.
fc
#
£
25,964,040 26,024,730 25,423,455
4,043,535
4,863,821
4,364,105
30,674,268 28,706,239 29,657,942
11,687,598 13,756,140 11,862,045»'
24,815,653 22,869,889 26.066,636
16,079,525 14,799,769 13,973,448
25,593,565 24,374,499 22,946,903
16%
43%
' 40%
3
3
4
98 1-16
94 13-16
97%
32%d.
38 13-16d. 43 13-16d.
108,941,000 110,094,000 109,802,000

Nov. 8.

’ Novem ber 8.

Messrs. Pixley & Abell write as follows under date of
November 9.
Gold.—The demand is about the same as when we last wrote, and
all bars are freely purchased for the Continent, which in addition to
open market arrivals has taken £771,000 out of the £811,000 sold
by the Bank this week. £85,000 in coin has been received. Arrivals:
Australia, £85,000; China, £60,000; India, £88,000; South Africa,
£125,0 10.
Silver.—A slight rise on Monday to 295lfld. was followed by relapse
to 291s i., which has not been changed since. There have been few
sellers, and the market appears steady. Arrivals: New York,
£114,000; Australia, £4,000.
‘
Mexican Dollars.—No recent dealings have taken place in these
coin, and the nearest price is 29 %d. Arrivals from New York £ 10,009

906

THE

CHRONICLE.

The quotations for bullion are reported as follows :
GOLD.

EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.

SILVER.

London Standard. Nov. 9. Nov. 2.
London Standard. Nov. 9.
8, d.
8. d.
d.
Bar gold, fine__ oz.
77 10% 77 10 Bar silver, fine. ..os. 29%
Bar gold, parting.oz 77 10% 77 10% Bar silver, contain­
Span, doubloons, oz.
U. S. gold coin. ...oz.
German gold coin.oz

73 8
76 5
76 5

73 9
ing 5 grs. gold..oz.
76 4% Cake silver..........oz.
76 4% Mexican dollars..oz.

Nov, 2.
29 3-16

29%
29 9-16
31 7-16 31%
29%
29%

IMPORTS.

1894
1893
1892.
1891.
Imports of wlieat.cwt.14,532,039 14,032,134 13,862,853 15,348,212
Barley........................ 7,653,809
6,135,875
4,777,658 5,405,548
Oats......................
2.766,600
2,875,602
2,992,708 2,948,571
Peas............................
463,353
519,022
397,274
497,924
Beans..........................
911,607
1,010,679
1,113,146
767,122
5,465,103
6,820,029 3,786,989
Indian Corn............... 4,729,964
Flour....... .................. 4,113,878
4,715,360
4,219,050 3,072,261

Supplies available for consumption (exclusive of stocks on
September 1):
1893
14,032,134
4,715,360
5,106,333

1892.
1891.
13,862,853 15,348,212
4,219,050 3,072,261
5,352,879 6,5061988

Total..................... 22,825,029 23,853,827 23,434,782 24,927,461
1894.
1893.
1892.
1891.
Aver, price wheat week. 18s. 01.
27s. 44,
28s. 9d.
36» 7d.
Average price, season.. 19s. 2d.
26s. lOd.
28s. 6d.
36s. 7d.

. The following shows the quantities o f wheat, flour and
maize afloat to the United Kingdom :
This week. Last week.
W h e a t................. qrs. 1,889,000 1,750,00ft
Flour, equal to qrs.
307,000
327,000
Maize..................... qrs.
166,000
141,000

1893.
2,585,000
245.000
305.000

1092

2,113.000
442.000
390.000

E a g lis h F in a n c ia l M a rk ets—Per Cable,.

The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Nov. 23:
Mondon.

Sat.

Silver, per oz..................
Cdnsols, new, 2% p. cts.
For aecount................
FFeh rentes (in Paris)fr.
IT. S. 48 of 1907.............
Atch. Top. & S. Fe. com.
Canadian Pacific............
Chic. Milw. & St. Paul..
Illinois Central..............
Lake Shore..... ...............
Louisville & Nashville..
Mexican Central 4s......
N. Y. Central & Hudson
N. Y. Lake Erie & West.
. 2d consols....................
Norfolk & West’n, pref.
Northern Pacific, pref..
Pennsylvania................
Phil. & Read., per share
Union Pacific........ ........
Wabash, pref..................

Mon.

Tues.

Wed.

Thurs.

Fri.

29
29
28%
102^8 102% 102%
102^8 102% 102%
02-57% 102-25 02-07%

28%
28%
28%
102% 103
103%
102% 103
103%
0202% 101-85 101 80

5%
62%
63%
93%
140
56%
59%
102%
14%
75%
22%
18%
52%
8%
12%
15

5%
61%
61%
93
138
55%
59%
102
14%
75%
22%
18
52%
8%
12%
14%

5%
62
61%
93%
13S%
54%
59%
102%
13%
75%
22%
17%
52%
8%
12%
14%

5%
61%
62%
93
138%
55%
59%
102%
14%
75%
22%
18%
52%
8%
12%
14%

5%
60%
60%
92%
137
55%
59%
101%
14
75
22%
18%
52
8%
12%
14%

Exports.

Sold.

Week.

d.

The following shows the imports of cereal produce into the
United Kingdom during the first ten weeks of the season
compared with previous seasons :

1894.
W heat................. cwt.14,532,039
Imports of flour........ 4,113,878
Saies of home-grown. 4,179,112

[ V o l . LIX,

5%
60%
60%
92%
137
55%
59%
101%
14
75
22%
18%
52%
8%
12%
14%

(iïo m m z ic tiïtl a n d m is c e lla t ie u t t s U e t u s

Imports.

Since Jan. 1.

Week.

Since Jan. 1.

Great Britain............
Prance.................
Germany.................. .
West Indies...............
Mexico..................... .
South America..........
All other countries..

$ ........... $15,438,800
23,840,999
32,607,000
15,700 12,147,646
48,205
322
537 189
856,635

$ ............ $1,688,902
6,232,886
1,683,367
1,257
4,433,106
69,042
, 3,960
1,112,460
1,267
145,901

Total 1894..........
Total 1893..........
Total 1892..........

$16,022 $85,476,474
31,000 70,303,563
106,000 59,317,453

$6,484 $15,365,664
798,839 61,066,456
22,961
7,760,089

Exports.

Silver.

Week.

Imports.

Since Jan. 1.

Week.

Since Jan. 1.

Great Britain............
Pranee.......................
Germany.......... .
West Indies...............
Mexico.......................
South America.........
All other countries..

$465,700 $28,411,948
395,000
268,100
201,520
53,297
745,954
3,881
127,202

$ ...........

Total 1894..........
Total 1893..........
Total 1892..........

$469,531 $30,203,021
835,100 27,973,196
725,300 19,228,460

$12,808 $1,556,608
3,161
3,104,274
40,232
2.877,763

$13,309
100,778
6,504
639,276
297,425
464,989
34,327

643
10,197
1,968

Of the above imports for the week in 1894 $1,118 were
American goia com. am. me exports uurmg me same time,
$16,022 were American gold coin.
City R ailroad Securities—Brokers’ Quotations.
Ask.

Bid.
Atlan. A ve., B ’k lyn—
Con. 5s, g., 1 9 3 1 ...A & 0
Gen. M. 5s, 1909... A&O
Im pt. 5s, g., 1934...J& J
Bleek. St. & Fui. F .—Stk.
1st mort., 7s, 1900.J& J
B’ way & 7th A ve .—Stock.
1st m ort., 5s, 1904.J& D
2d m o r t , 5s, 191 4 ..J & J
B’ way 1st, 5s, guar. 1924
2d 5s, int. as reht’1.1905
Consol 5s, 1 9 4 3 ....J& J
B rooklyn City—N ew stk.
Consol. 5s, 194x___J& J
B klyn. Crosst’n 5s. 1908
B klyn Q’nsC o.& Su b.lst
Brooklyn T raction............
Central Crosstown—S tk ..
1st mort., 6s, 1922.M &N
Cen. Pk. N.& È .R iv .—Stk.
Consol. 7s, 1902___J& D
Christ’p ’r & 10th St.—Stk.
1st m ort., 1 8 9 8 ....A & O

Bid. Ask.

D. D. E . B. & B at’y —S tk .. 137 139
107 109
1st, gold, 5s, 1932..J& D no
104
S c r ip ................................ . 100 m
Eighth A venue—S tock ___ 250
29
Scrip, 6s, 1914................. 100 105
110
42d & Gr. St. Per.—Stock 310 320
183 185
42d St.& Man.& 8t.N .A v. 47
62
106
1st m ort. 6s, 1910..M&S 110 112
106
2d m ort, incom e 6s. J& J
53
107
H . W . St. & P , Per.—Stk. 200
105
1st mort., 7s, 1894. .J& J 104
112
L ong Island T raction....... 12% 13
163 165
Metropolitan T r a c tio n .... 109% 110%
114%
Ninth A v e n u e....... ........... . 145
105
Second A venue—S to c k ... 139 141
1st m ort., 5s, 1909.M&W 102
100
Debenture 5s, 1909. J & J ___
13% 15%
165
Sixth A venu e—S tock....... ¡205
210
119
Third A ven u e.....................<185 1»7
162 105
1st m ort., 5s, 1937.. J& J l i e 1* 119<i
1 11
Tw enty-Third St.—S to c k .:300
146
Deb. 5s, 1903................... 100
105
U nion B y—1st 5s, 1942. . . I . . . . . .
W estchester, lst,g u .,5 s. --

N. Y. and B rooklyn Gas Securities—Brokers’ Quotations.
G A S C O M P A N IE S .
Brooklyn G as-Light.........
Central.......................
Consumers’ (Jersey City).
B onds...............................
Citizens’ (B ro o k ly n ).........
Jersey C i t y * H ob ok en ..
Metropolitan—B onds........
Mutual (N. Y ................
Nassau (B r o o k ly n ) .......
Scrip..................................
N . Y . & East R iv. 1st 5s..

Bid. Ask.

I ll

105
64
85
60
180
108
148
170

100

83%

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

113

People’s (B rooklyn )..........
Peoples’ (Jersey C it y ) ....
M etropolitan (B rooklyn ) W illia m s b u rg ....................
1 st 6s ............................
Fulton M unicipal..............

85

153

Equitable....... ....................
Bonds, 6s.......... ...............
Standard p r e f . . . . . . .........
84%
Common...........................

Bid.
75
170
150
175
105
148
105
170
107
82
35

A sk,

160
150
175
109

86

40

INSOLVENT.

Auction Sales.—Among other securities the follow irg, not
regularly dealt in at the Board, were recently sold at auction
By Messrs. R, V. Harnett & Oo.:

3,951.—The First National Bank o f Johnson City, Tennessee, is insol­
vent and was, on November 13, placed in the haads of a
receiver.
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

Shares.
|
Shares.
20 1st Nat. B’k of Staten Isl.112
1 Blooming Grove Park As50 Frank A. Ransom Dyestuff
I
sociation, $ 4 5 0 .............$ 5 0
and August W. Neumann
I 30 Third Ave. RR. Co.174%-178%
M’f’rs’ Supply Co. pref.. 75 |

N a t io n a l B a n k s .—The following information regarding
national banks is from the Treasury Department :

the imports at New York for the week ending for dry goods
Nov. 15 and for the week ending for general merchandise
Nov. 16; also totals since the beginning of the first week in
January.
POREION IMPORTS AT NEW YORK.

For Week.

1891.

Dry Goods.......
Gen 1 mer’dise.

$2,023,385
8,435,064

1892.
$2,469.194
8,671,046

1893.
$1,054,354
6.297,758

1894.
$1,573,808
6,024,183

Total______ $10,458,449 $11,140,240 $7,352,112 $7,597,991
Since Jan. 1.
Dry G oods... , $104,134,066 $113,578,123 $111,266,571 $76,908,489
Gen’l mer’dise. 360,242,497 398,073,857 378,372,589 305,223,426

By Messrs. Adrian H. Muller & Son:
Shares
50 United N. J. RR. & Canal
C o s .......................
237 3*
50 N. Y. Mutual Gas-Light
Co..........................151%-152%
SOEquit. Gas-L. Co., N. Y ...1 8 2
1 Clinton Hall Association. 40
1 N. Y. Historical Society
Publication Fund, $25.. $2
35 Millerton Nat. Bank of
Millerton, N. Y .............. 86
45 Dry Dock E. B. & Battery
RR. Co.............................145

m x tl

Total 45 weeks. $464,376,563 $511,651,880 $489,639,160 $333,131,915

The following is a statement of the exports (exclusive c f
specie) from the port of New York to foreign ports for tbf
week ending Nov. 20 and from January 1 to date:

S

For thé week..
Prev. reported.

1892.

1893.

1894.

$9,389,544 $7,298,250
$7,967,630
$7,622,994
326,267,535 338,030,669 327,033,343 313,750,862

Total 45 weeks. $335,657,079 $345,328,919 $335,000,973 $321,373,856

D .

a m u e l

D

J p im tiu ia L
&

a v is

U o .,

B A N K E R S,

EXPORTS PROM NEW YORK FOB THE WEEK.

1891.

Shares.
15 Amer. Union Life Ins. Co. 100
10 Investment Co. of N. J . . . . 22%
Bonds.
$19,000 Cumberland & Penn.
RR. 1st 5s, 1921................ . 106*4
$800 Mutual Fire Ins. scrip
1890and 1888_______
19
$32,000 Suburban Traction
Co. of Orange, N. J., cons.
1st s. f. 5», 1923, J&D.......5-15
Deed, lot 20,897, Greenwood
Cemetery...........................,$ 5 0

NO. 40 W A L L S T ., N E W Y O R K .
S a m u e l D. D a v is ,

S

p e n c e r

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

T

r a s k

&

C o .,

The following table shows the exports and imports of specie
BAN KERS,
NEW YO RK t
at the port of New York for the week ending Nov. 17 and since 10 W A L L STREET,
State and James Streets, Albany.
January 1,1894, and for the corresponding periods in 1898

and 1892:




Bonds and Stocks Bought and Sold on Commission. Dealers In State, City and
Railroad BoDds. Correspondence invited.

THE

N o v e m be r 24, 1894.1

907

CHRONICLE.

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
-16 premium, selling 1-16@% premium: Charleston, buying
-16 discount, selling 1-16 premium; New Orleans, bank, par
commercial $1 25 discount; Chicago, 40c. per $1,000 premium;
St. Louis, par.
Books closed.
(Days inclusive.)
United States Bonds.—Sales of Government bonds at the
Board have been in small lots, including $3,000 4s coupon at
to
Nov. 26 to Dec. 3 115 ; $5,000 4s registered at 114% and $5,000 5s coupon at 118.

I p a t x fe e r s ' d a ^ je t t e *
D IV I D ENDS.
Name o f Company.

When
Per
Cent. Payable.

R a ilro a d s.
3ifl
Catawlssa, pref. stocks, guar—
Chicago Burl. & Quluoy (quar.).. c 1
M is c e lla n e o u s .
21«
Diamond Match (quar.)..............
2
Heck.-Jones-Jewell Mill, pf. (qr.)

Nov.
Dec.

19
15

Dec.
Dec.

12 Dec. 5 to Dec. 12
1 Nov. 24 to Dec. 2

Price hid; no sale. Interest Nov.
Periods 17.

2s........................ reg.
4s, 1907..............re?.
4s, 1 9 0 7 ........coup.
The Money Market and Financial Situation.—The sen­ 5s, 1904..............reg.
5s, 1904....... .coup.
sitiveness of the stock market is evidenced by the importance 6s, our’cy,’ 95....reg.
which attached to the Burlington & Quincy dividend an­ 6s, cur’oy,’96___reg.
6s, aur,oy/9 7___reg.
nounced on Wednesday. It was previously well known that 6s, ear’cy,’ 98— reg.
the earnings of the Burlington system were considerably re­ 4s,, our’cy.,99--..reg.
(Cher.) 1896..reg.
duced and also that there was a sentiment in favor of a reduc­ 4s, (Cher.) 1897..reg.
s, (Chet.) 1898 reg.
tion of the dividend. When it was at first erroneously an­ 4s, (Cher.)1899..reg.
W ALL. ST R E E T, F R ID A Y , NOVEMBER « 3 , 1 8 9 4 - 3 P . M.

nounced that the dividend would be at the old rate, the stock
was eagerly bought and the price advanced one point im­
mediately. A few moments later, when the official report
came that the dividend was reduced to 1 per cent, there was
a rush to sell and the price fell off four points.
There has been no public concerted action by bankers to bid
for the new Government bonds, although it is rumored that a
syndicate bid for the entire $50,000,000 or nothing has been
sent in, and the prevailing opinion is that the bids will be
largely in excess of the issue.
Some gold has been withdrawn from the Sub-Treasury, evi­
dently for the purpose of paying for bonds, but the amount is
relatively small and the movement o f no importance. It is
reported that in some cases a premium has been paid for
gold, but if so the matter has no more significance than the
fact that last year a premium was paid in New York for
paper currency.
The open market rate for call loans during the week on
stock and bond collaterals has been 1 per cent. To-day rates
on call were 1 per cent. Prime commercial paper is quoted at
2% to 3% per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £589,891, and the percentage
of reserve to liabilities was 64*67, against 68*00 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows an increase of 20,450,000 francs in gold and
1,650,000 francs in silver.
The New York City Clearing-House banks in their statement
of November 17 showed an increase in the reserve held of $
897,200 and a surplus over the required reserve of $62,974,.
050, against $61,669,650 the previous week.
1893.
Nov. 18.

1892.
Nov. 19.

$
$
61,622,700
71,259,600
498,937,000 Dec. 777,700
37,600
11,170,000 Dec.
594,547,400 Inc .2,371,200
Inc.
744,000
94,421,100
117,189,800 In c. 1,153,200
211,610,900 In c. 1,897,200
148,636,853 In c. 592,800

$
60,922,700
71,605,100
401,732,800
14,076,600
464,684,100
99,924,300
81,717,200
181,641,500
116,171,025

$
60,422,700
68,233,500
444,222,300
5,662,100
452,195,100
77,763,300
39,846,400
117,609,700
113,048,775

Surplus reserve 62,974,050 In c .1,304,400

65,470,475

4,560,925

1894.
Nov. 17.
Capital................
Surplus...............
Loans & disc’nts.
Circulation......
Net deposits.......
Specie..................
Legal tenders___
Reserve held.......
Legal reserve....

Differen’sfrom
Prev. week.

Foreign Exchange.—Foreign exchange has ruled firm and
rates are a fraction higher than they were last week, partly
as the result of an advance in the discount rate at London.
The supply is principally commercial bills, and the demand
comes largely from importers.
The market is dull awaiting the result of the Government
bond issue, and with a lighter demand from remitters there
is a tendency to lower prices at the close.
To-day’s actual rates of exchange were as follows: Bankers’
sixty days sterling 4 86%@4 86% ; demand, 4 87%@4 87%
cables, 4 87% @4 87%.
Posted rates of leading bankers are as follow s:
November 23.
Prime bankers’ksterling bills on Loudon.. 4
4
Prime commercial............
4
Paris bankers (fra n cs ).......___________ 5
Frankfort o f Bremen (reichmarks) b’nker e




Sixty Days.

Demand.

861a®4 87 *« 4 88 ®4 88*2
85%@4 86
85i4®4 851«
171«®5 16^8 5 15®8®5 15
4018®40316 405i6'®4038
9588®f»5Ui6
9514®9538

Nov.
19.

Nov.
20.

Nov.
21.

Nov.
22.

Nov.
23.

Q.-Moh. * 96 * 96 * 96 * 96 * 96 * 96
1141« *114
5.-J a n . *114 *114 *114 *114
115 *114
115
Q.-Jan. *114 *114 *114
<5.- Feb. *117i« *1171« *1171« *117% *117% *117%
Q - Feb. *1171« *1171« *117% *117% *L17% 118
J. & J. *101 *101 *101 *101 *101 *101
J. & J. *104 *101 *104 *104 *10512 *1051«
1. & J. *107 *107 *107 *107 *107 *107
1. & J. *110 *110 *110 *110 *110 *110
J. & J. *113 *113 *113 *113 *113 *113
March. *1031« *10312 *1031« *1031« *1031« *1031«
March. *1041« *10412 *1041« *10412 *104% *1041«
March. *10538 *10538 *10538 *10538 *10538 *10538
March. *106 q *106 >4 *106% * 106% *10c>141*10614

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

Receipts.

Nov. 17
19
20

21
22
23

2,216,053
2,570,149
2,344,^93
7,567,818
2,242,718
2,011,906

Payments.
2,537,008
3,338,413
3,518,933
6,810,921
2,651,849
2,137,783

Coin.
74.292.13S
72,631,594
71,377,611
71,578,321
71,500,527
71,137,025

Balances
Coin Cert’s. Currency.
917,191
992,744
972,107
1,093,752
917,316
1,113,774

64,143,264
64,964,991
65,064,966
65,499,508
65,344,107
65,385,774

Total 18,952,937 20,994,912

Coins.

Following are current quotations in gold for coins ;

Sovereigns...........$4 86 ®$4 90
Napoleons........... 3 85 ® 3 90
X X Reichmarks 4 70 ® 4 80
25 Pesetas.......... 4 75 ® 4 85
Span. Douhloons.15 55 ®15 75
Mex. Doubloons. 15 55 ®15 75
Fine gold bars. .. par ® % prem.

Fine silver bars.. — 63*8 ® — 63%
Five fra n cs ....... — 90 ® — 95
Mexican dollars.. — 50%® — 511«
Do uncoin’c ia l..------® — —
Peruvian s o ls .....— 50 ® Nom’l
English silver.... 4 80 ® 4 90
U.S. trade dollars — 55 ® — 65

State and R ailroad Bonds. Sales of State bonds at the
Board include $4,000 Tenn. settlmt. 3s at 80 to 80%; $26,500
Virginia fund, debt., 2-Bs of 1991, at 59 to 59%; $110,000
Virginia 6s defd. trust receipts, stamped, at 9 to 9%, and
¡0,000 Alabama Class A at 103%.
The railroad bond market has been somewhat less active
than of late, but good bonds continue in demand and prices
are generally well sustained, with some notable exceptions.
Atchisons have been sold in larger amounts than usual, and
have declined, as the condition of the company, now better
known through Mr. Little’s report, would seem to make
necessary some concessions by the security holders in any re­
organization plan which would be feasible; the 4s close at
65%; Class A at 19%. Brooklyn Elevated and Union Ele­
vated bonds have been freely sold and have declined about
three points since last week, as the earnings are unsatisfactory.
M. K. & T. issues have been active and steady ; Nor. Pacifies
rather less active but firm ; Texas & Pacifies steady and firm.
Southern Ry. 1st 5s. have declined in sympathy with the
stock, as have also bonds of the U. S. Cordage Company.
Railroad and Miscellaneous Stocks.—In the stock market
interest has centred largely in the grangers. Especial interest
was manifest in the Burlington dividend during several days
previous to its announcement on Wednesday. Its reduction
strengthened the belief that the semi-annual dividend of the
North Western, soon to be declared, may also be reduced, and
the shares of the entire group are depressed. Burlington &
Quincy sold down to 70% on Wednesday after the dividend
was announced and closes at 70%, against 74% last week.
North West closes at 97%, a loss of 4%. St. Paul sold at 58%
on Wednesday, closing at 59%, a loss of 3%, and Rock Island
closes at 60%, a loss of 2%. Southern Railway shares, both
common and preferred, were depressed early in the week, but
have improved on reports of better business and later by the
placing of a large block of the securities with a syndicate of
London bankers, closing at 12 and 37% respectively. Man­
hattan has remained steady at a little better than the
close last week. The coal carriers have been neglected, but
generally steady to strong.
The industrials have been less prominent than usual.
American Sugar advanced to 91% on Wednesday, closing at
88. Chicago Gas has been weak, selling down to 72%
on Thursday, closing at 72%. General Electric is steady
light sales. Western Union has declined on liberal selling,
closing at 87%. The decline noted last week in U. S. Cordage
has continued, sales of the common having been made on
Thursday at 8%, and of the preferred at 14%, the lowest point»
reached since the reorganization.
Pullman’s P. C. stock has sold freely on a decline, ana
closes at 153%, against 159% la3t week, on rumors of possible
nn fnvAmW a lftcñslfltinn.

THE

9G8

CHRONICLE.

IVOE. L1X,

NEW YORK STOCK EXCHA.N8E—A C T IV E STOCKS f o r week ending NOV. 2 3 , and niñee J A N 1, 1 8 9 4 .
HIGHEST AND LOWEST PRICES.
Saturday,
Nov. 17.

Monday,
Nov. 19.

Tuesday,
Nov. 20.

Wednesday, Thursday,
Nov. 22.
Nov. 21.

Friday,
Nov. 23.

STOCKS.

A c t iv e K R . S t o c k s .
5% 5% Atchison Topeka & Santa Fe.
5%
5%
5% : 5%
5%
5%
5
5% 5%
5%
l 1« Atlantic & Pacific...................
*1
*1
1% 1% *1
1%
1% *1
1%
1% 1%
*66% 68 Baltimore <fe O hio...................
67
69% 67% 681» 67% 67% *67% 68% 67
*68
*60
61
60% 60% 59% 59% 59% 59% *58% 59% 58% 58% Canadian Pacific............ .
*51
51% Canada Southern___. . . . . . . . .
50%
51% 51% 51
51% 51% 51% 50%
51% *51
92% 93% 93% 94% Central of New Jersey............
92
94
93% 92% 93% 94
94% 92
18% Chesapeake & Ohio........ : ___
18%
18%
17%
18% 18% 18
18% 18% 18% 18% 18%
146% 146% *145 148 Chicago & A lto n .....................
146 146
*145 148 *145 148 *145 148
70%
x70%
Chicago Burlington & Quinoy
73% 74% 72% 73% 72% 74% 70% 74% 70% 71%
Chicago & Eastern Illinois...
Do
pref.
59% Chicago Milwaukee & St. Paul
60% 62% 59% 60% 59% 60% 58% 60% 58% 59% 59
120% 120% 120 120
Do
pref.
119% 119% 119% 119% 119% 120 *119 120*4
100% 102
99% 100% 99% 101% 98 100% 97% 98% 97% 98% Chicago & Northwestern.......
142% 142%
1431« 144
145 145
Do
pref.
«2 % 63% 61% 62% 60% 62% 60% 61% 60% 61% 60% 61% Chicago Rock Island & Pacific
I 35% 35% 34% 34% 35% 35% 34% 34% 33% 33% 33% 33% Chicago St. Paul Minn. <feOm.
110 110
110 110
112% 112% *111 114
111 111
111 111
Do
pref.
37% 37% 37% 37% Cleve. Cinoin. Chic. & St. L ...
38
38% 37% 37% 37% 37% 37% 38
Do
pref.
*18% 19
*17% 18% *18% 19
*18
18% 17% 17% 17% 17% Columbus Hocking Val. & Tol
*60
65
*60
65
*60
65
65
*61
*61
*60
67
Do
pref.
65
125 125 Delaware & Hudson...............
122% 123% 124 124
123% 124% 123% 124
123% 124
156% 157% 157% 157% Delaware Laokawanna&West
157% 157% 158% 159
156% 158
157% 158
*11% 12 Denver & Rio G rande............
*11% 12% *11% 12
*11% 12% *11% 12
34% 34% *34% 35
35
35
34% 35
34% 35
*34% 35
Do
pref.
E.T.Va.&Ga.,cert. all ass’tpd.
Do 1st pref., cert, all ass’t pd.
Do 2d pref., cert, all ass’ tpd.
*35
45 Evansville & Terre Haute.
*35
45
35
40
*35
45
*35
45
*35
45
*101 103 *100% 102% 1 0 1 101 *101 102% *101 103 *101 103 Great Northern, pref.............
*91
92
92
*91
90
*89% 91% *89% 91 Illinois Central.......................
*91
92
90
7
7 Iowa Central...... .'...................
8
*7
*7% 8
‘7
8
8
7% 7% *7
26%
26% *25
*25
26% 26
*25
26
*25
26% 26
26
Do
pref.
*16% 17 Lake Erie & Western.......... .
16% 16% 16% 16% 16% 16% 16% 16% 16
16
72
73
71% 71% *70
*71
71% *70% 73
71
71
71
Do
pref.
136% 136% 135% 135% 135% 135% 133% 134% 132% 133% 133% 134 Lake Shore & Mich. Southern
*84% 86% Long Island.............................
*85
87
87
87% 86
86
*84% 86% *84% 87
13% 14% 13% 13% Long If land Traction............
13
13
13
*12% 13% 12% 12% 13
54
54% Louisville & Nashville............
54%
54
53% 54%J 53% 54
53% 54% 53% 54%
*7 .
8 Louisv. New Alb. A Chicago.
*7
*7
8
7%
7% 7%
7% 7% *7
8
*21
24
*21
*21
*21
24
24
24
22% 22% *21
24
Do
pref.
102% 104
102% 103% 104 104% 103% 104% 103% 104% 103% 104% Manhattan Elevated, consol..
99% 99% Michigan Central....................
99% 99% 99% 99% 99% 99% *99 100
30
30
*28
*28
30
Minn.&St.L., tr. reots., 2d p’d
&*28
*28% 30
*28% 30
*44
46
*44
*43
46
46
46
*43
*45
*44
46
Do pref. .tr. reets., 2d p’d
46
13% 13% Missouri Kansas <feTexas___
ft 14
14
*13% 14
13% 13% *13% 14
*13% 14
: 22% 22% 22% 22% 22% 22% *22% 22% 22% 22% 22% 23
Do
pref.
28
28% 28
28% 28
29
27% 28% 27% 28% 28% 28% Missouri Pacific.......................
20
*18
Mobile & Ohio........ ................
19
*18% 19% *18
20
*18% 19% 19
66
66 Nashv. Chattanooga&St. Louis
*66
70
:* 6 6
70
70
*66
70
*66
70
*66
99% 99% 99% 99% 99% 99% 98% 99% 98% 98% 98% 98% New York Central<fe Hudson.
14% New York Chicago & St. Louis
■*14
14% *14
14% *14
14% *14
14% * *13% 14%
73
73 *
69
73 *
69
Do
1st pref.
69 *
30% *........ 30%
*28% 30
29% *28
Do
2d pref.
31
31 *
*28
*28
13% 13% 13% 13% *14
14% 13% 13% 13% 13% 13% 13% New York Lake Erie & West’n
31
*27
*27
31
Do
pref.
*27
*27
*27
31
31% 31% 31% 31% 31% 31% 31% 32
31% 31% 31% 31% N.Y.& N.E., tr. recs.3dins.pd
*195 197
194 194 *192 196 *192 196 *193 196 *193 196 New York New Haven & Hart.
‘ 16
16% 15% 16
15% 15% 15% 15% 15% 15% New York Ontario & Western
15% 16
14% 14% New YorkSusq. & West.,new.
14% 15
14% 14% 14% 14% 14% 14% *14% 15
42%
43
43
Do
pref.
42
42% 42% 42% 42% 42% 42% 42
43
6% 6% Norfolk & Western................
6%
*6%
6%
7
*6% 7
6%
*6% 7
6%
*21% 22%
22% 22% *21% 22
22
Do
pref.
*21% 22% *2i% 22% 22
4% 4% Northern P a cific.............. .
<4% 4%
4%
4
4% 4%
*4% 4%
4% 4%
*17% 18%
17% 17% 17% 17% 17% 17% 17% 17% 18
18
Do
pref.
*16% 18 Ohio Southern.........................
*16% 18
*16% 18
*16% 18
16% 16% *16% 18
*20
23 Oregon R’y & Navigation Co.
23
*21
*20
23
22
23
*20
*20
23
*20
*6
9% Oregon Sh. Line & Utah North
9%
*6
*7
*6
9%
8%
9
*7
9%
*7
*3% 3% Peoria Decatur & Evansville.
*3%
4
*3% 4
3% 3% *3% 3% *3% 3%
16%
17%
Philadelphia & Reading........
16% 17% lb% 17% 17% 17% 17% 17% 17% 17%
17 Pittsburg Cinn. Chic. & St. L.
17% *15
*16
17% 16
17% *16
16
16% 16% *16
*44
47
Do
pref.
43
48
43
46
*44
*44
46
47% *44
48
16% 16% RAW .P. Ter.,tr. r.5th asst.pd
16
15% 16% 15% 16
15% 16% 15% 16% 16
Do
pref. tr. reefs.
20
19% 19% 19
*19
22
19
21
*19
*19
Rio Grande Western.......... .
*4% 5% St. Louis Southwestern..........
5%
5%
4% 4% *4% 5% *4% 5% *4% 5%
9%
3%
Do
pref.
*9% 10
*9% 9%
*9% 10
9% 9%
*9% 10
*22
26 St. Paul & D u lu th .................
*22
26
*21% 26
*22
*21% 26
25
*21% 26
*85
87
Do
pref.
87
*85
*85
87
87
*84
87
*85
*85
87
108 108 *107% 110 *108 110
109 109 *107 107 *108 110 St. Paul Minn. & Manitoba...
19% 19% 19% 19% 19% Southern Pacific C o ..............
1 19% 19% 19
19% 19% 19% 19
11% 11% 12 Southern voting trust, oertif.
110% 12
10% 11% 11% 11% 11% 11% 11
' 35% 37% 35
36
35% 37% 35% 36% 3b % 37% Do., pref. voting trust, cert.
36% 37
9%
9% Texas & Pacific. . ....................
9% 9%
9%
9%
9%
9% 10
9%
9%
9%
*4% 4% Toledo Ann Arbor & N. Mich.
*4% 4%
4
4
5%
5%
*4% 4%
4% 4%
*46
52 Toledo & Ohio Central............
52
*46
*46
54
54
*46
53
51
*46
51
*74
80
Do
pref.
80
*74
*73
80
*73
80
80
*73
*73
80
12
12% 12% 12% 12% 12% Union P a c ific .......................
12% 12% 12
i 12% 12% 12
*4%
5
Union
Pacific
Denver
&
Gulf.
*4%
5
*4%
*4%
5
*4% 5
5
*4% 5
*6% 6% W abash ...........................
6% 6%
6%
*6%
6%
7
6%
6%
6%
6%
14
14
Do
pref.
14% 13% 14
14% 14% 14% 14% 14% 14% 14
12% Wheeling & Lake E r ie ........
11% 11% 11% 12% 11% 12% •11% 12% 12
12% 12
*40%
Do
"pref.
43%
43%
*40%
43%
i *41% 43% *40% 43% *40% 43% *41%
3% 4 Wisconsin Cen. Co., tr. rects.
4
*4
4
5
4%
3%
5
3% *4
4%
(M is c e lla n e o u s S t o c k s .
*27% 28% American Cotton Oil Co........
28
28% *27% 28% 27% 28% 28
28% 28% 28
Do
pref.
*72%
73
-72
72%
72%
73%
73
72% 72%
*73
73% 73
87% 88% 87% 89% 89% 90% 89% 91% 88% 91% 87% 83% American Sugar Refining Co.
Do
pref.
92%
93
93%
93%
92% 92% 92% 92% 93% 93% 94% 95
98% 97% 97% 97% 97% 97% 97% AmericanTobaoco C o ........
98% 99% 97% 98
98
Do
pref.
110
108% 108% *108% 110 *108
108% 108% 108 108 *108% 110
74% 75% ,73% 75
73% 74% 73% 74% 72% 74% 71% 73% Chicago Gas Co., trust rec’ts ..
Colorado
Coal
&
Iron
Devel..
10
10
*8
10
*8
10
*8
10
10
*8
• *8
*8
25 Colorado Fuel & I r o n ...........
25% 25
25% 25% *25
*25% 26
25% 25% *25% 26
122 122 Consolidated Gas Company..
120% 121% 120% 123
122 122% 122 122% 123 123
8% 9% Distilling & Cattle Feeding Co
9%
9%
9%
9%
9% 10
8% 9%
9% 9%
. 34% 35% 34% 34% 35% 35% 35% 35% 35% 35% 34% 35% General Electric C o ...........
42
41% 41% 39% 41% National Lead C o .................
41
41% 41% 42
41% 41% 41
Do
pref.
«9% 89% 88% 88% 88% 88% 88% 88% 88% 88% x85% 86%
4% 4% North American C o . . . . . .. . . . .
4%
4%
4% 4%
4% 4%
4% 4%
4% 4 %
12% 12% *12% 14 Oregon Improvement C o .....
*12% 14
*12% 14
*12% 14
22% 22% 22% 23% 22% 22% 22% 22% 22% 22% Pacific Mail................ .
22% 23
Pipe Line Certificates............
*827»
*82%
*82%
*82%
157% 157% 152 ” 156% 153 153% Pullman Palace Car Company
£58 158
156% 157% 156 158
Silver Bullion Certificates....
*63
15% *14% 15% Tennessee Coal & Iron.. . . —
15% 15
£5
15% 15% 15% 15% 15% 15
Do
pref.
9%
8% 9 United States Cordage G o....
8%
10%
10% 10% 10%
9%
@% 10% 10
Do
pref.
17% 14% 15% 14% 16%
17% 18
16% IS
17% 17% 16
41 United States Rubber C o .....
41
40% 41
40% 41
40% 41
41% 41% 41% 42
87
88
87% W v « m Union Telegraph__
87% 88% 87
87% 88% 86% 87% 87% 88
* These are bid and asked; no sale made. HOld certificates.




Sales of
the
Week,
Shares.

Range for year 1894.
Lowest.

Highest

5,047
300
620
1,960
641
19,910
3,124
250
175,395

3 July 23 16 Mar. 14
% Jan. 2 1% Mar. 28
67 Jan. 2 81% Apr. 6
58ia Nov. 23 73% Jam 18
47 Jan. 3 53% Aug. 24
893* Nov. 7 117% Mar. 8
16 May 21 21% Aug. 31
130 Feb. 12 146% Nov. 22
70 Aug. 7 84% Mar. 21
50ia Oct. 30 55 Feb. 27
93 May 23 97% Sept 12
148,468 54% Jan. 3 673s Sept 6
626 116 Jan. 2 123% Mar. 13
74,341 97 Jan. 3 11038 June 7
540 135ia Jan. 4 145 Apr. 9
50,812 58% O ot 11 7238 Apr. 7
1,305 32% Oot 31 41% Apr. 7
447 10998 Jam 4 116 Apr. 16
1,991 31 Jam 10 42 Aug. 25
78 Jan, 18 88 May 12
525 15»« July 11 20% Mar. 31
57ifl May 23 66 Jam 12
5,568 119% Oct. 29 144% Apr. 7
2,824 155i4 0ot. 29 174 Sept 13
9% Aug. 7 13 Nov. 7
1,315 24 June 22 37% Nov. 10
II3s Jam 19 12% Sept. 11
I lia June 23 19% Sept 7
4ia Mar. 28 14% Sept 19
55 40 O ct 29 68 Apr. 20
120 100 Jam 4 106 Apr. 9
17 89 July 9 95% Sept 11
200 6 Jam 2 11% Apr. 3
125 23% Jam 4 39% Apr. 9
565 13% Jam 12 19% Aug. 24
405 63 Jam 3 74 Sept 13
1,780 118% Jam 3 139 Aug. 23
70 86 Nov. 12 100 Jan. 2
2,777 10% Sept. 21 22 Apr. 16
13,465 40% Jan. 12 57% Sept 22
300 6 June 5i 10 Jan. 22
100 19 July 9 40 Jam 6
27,017 102% Nov. 19 12738 Apr, 26
420 94 July 23 1003s Feb. 1
2 Sept. 11 1T30%Nov. 12
15 Sept. 12 TT46 Nov. 12
1,213 12 June 23 16% Apr. 7
2,293 1878 June 25 27% Apr. 9
5,226 18% Jam 5 32% Apr. 7
100 15% Jam 3 22 May 15
100 66 Nov. 23 74 Apr. 18
1,789 95% May 24 102% Aug. 23
13% May 22 16% Apr. 9
62 July 31 75% Feb. 3
25 July 31 34% Apr. 2
3,460 11% June 25 18% Mar. 28
25% May 21 39% Mar. 27
3,495 1133a May 19 1T33%Nov. 13
5 178 July 11 195 Mar. 15
1,190 14 June 25 17% Sept 4
1,362 13% July 7 17% Sept 13
1,102 36 May 21 48 Sept 13
960 4 July 3 9% Sept 5
260 1738 Jam 19 26% Sept 6
2.472 3% June 22
6% Mar. 20
1,320 12% May 21 233s Mar. 30
100 12 Aug. 8 18 O ot 4
10 June 20 30 Mar. 7
4% Jan. 2 10% Apr. 6
6% Aug. 23
100 23s Aug. 2
19,100 14% May 21 2338 Mar. 14
105 10% July 12 21% Sept 11
300 41 Oct. 30 54 Sept 5
Jam 15 19% Sept 12
200 12% Feb. 7 25 Sept 11
15 Feb. 1 163a Nov. 16
75
3 July 31 5% Apr. 5
102 7 July 11 11 Apr. 5
22 Sept 21 28 Aug. 21
88 Jam 8 95 Mar. 29
542 100 Jam 6 110 Oot. 17
2,000 17% July 23 25 Mar. 14
21,758 1030 Nov. 19 14% Sept 13
22,521 34% Aug. 8 45% Sept 13
1,817 7 Jan. 2 10% Aug. 20
145
3 Aug. 9 11% Apr. 3
100 34 July 28 51 O ct 17
75 Jam 2 75 Jam 2
2,240 7 July 30 22% Mar. 31
6% Mar. 29
3 Aug. 9
8% Apr. 6
5% July 10
295
2,295 12% Jam 2 18% Apr. 9
9 July 27 14% Aug. 28
3,025
430 32% July 27 51% Apr.
550 111% July 23 II8% Apr
1,200
266
288,318
1,036
3,351
171
89,726
210
1,938
21,540
6,315
8,361
2,073
1,528
50
3,345
4,119
1,707
13,565
8,552
3,692
46.246

1 2d assessment paid. H All instalments paid

25 % Nov. 1 34% Aug. 25
63 Jan. 2 79% Sept 14
75% Feb. 1 114% Aug. 21
79% Jan. 2 100% Aug. 21
69% Jan. 2 107 Aug. 27
91% Feb. 16 110 Aug. 21
58% Jan. 3 80 June25
5 June 26 13% Apr. 4
21 Jan. 3 27% Apr. 4
I l l July 30 140 Apr. 20
7% Oct. 1 30% Feb. 6
30% Jan. 3 45% Mar. 8
22 Jan. 2 44% Aug. 20
68 Jan. 2 92% Aug. 23
2% June 25 5% Mar. 17
11% Aug. 1 19% Sept. 11
13% May 15 24 Nov. 7
79 Jan. 15 90% June 9
152 July 9 174 Apr. 13
64 Apr. 26 67 Jan. 20
14 Oot. 24 20% Sept. 26
62% Maÿ 2 71 Apr. 2
8% Nov. 22 23% June 18
14% Nov. 22 41 June 19
33% May 22 45 Nov. 12
80% Jan. 3 92% Sept 11

THE

N o v e m be r 124, 1894.]

CHRONICLE.

90S*

XEVy YORK STOCK -EEC H I W E PRICES (Ootitinaed)~LN AOTIVE STOOKS.
I nactive stocks
ITIndicates unlisted.

Nov. 23.
Bid.

Bange (sales) in 1894.

Ask.

R a ilr o a d S tock s.
Albany & Susquehanna............ 100 165 175
Belleville & South. 111. pref....... 100 130
Boston & H. Y. Air Line pref-.100 100%
B rooklyn Elevated T1................. 100
7
10
Buffalo Rochester & Pittsburg. 100
20
Preferred..................................100
60
Bari. Cedar Rapids & Nor......... 100 49
Central Pacific.............................100 i 15
Cleveland & Pittsburg.............. 50, 157
lies Moines & Port Dodge____ 100 X 5%
Preferred..................... ..........1 00
30
Duluth So. Shore & Atlantic TI.100
3%
41*
Preferred TI...............................100
9
12
Flint & Pere Marquette.____...1 0 0
8
14
Preferred..................................100
45
Georgia Pacific Trust etfsTT___ 100
5
3%
Gr. Bay Win. & St. P. tr. ree___100
Preferred trust rects..............100
Houston & Texas Central.........100
Illinois Central leased lines___ 100
Kanawha & Michigan............... 100
10
Keokuk & Des Moines...............100
5
Preferred.................................. 100 13
16
Louisv. Evansv. & St. L. Cons. 100
13s
Louisv. St. Louis & Texas........ 100
Mahoning Coal.........................
50 101
Preferred.................................. 50 106
Metropolitan Traction^............100
Mexican Central........ ............... 100
Morris & E s s e x .................... 50
New Jersey & N. Y .................... 100
Preferred..................................100
N. Y. Lack. & W estern........... 100
N. Y. & Northern pref............... 100
Norfolk & Southern............. 100 64
2%
Peoria & Eastern.......................100
5
Pitts. Ft. Wayne & Chicago_100 +158
Pitts. & Western p f.................... 50 X 30
30%
Rensselaer & Saratoga............. 100i 182
' No price Friday; latest price this week.

____________

Lowest.
July
Mar.
June
10 July
20 Jan.
61 Apr.
45 Oct.
10*4 June
147 Jan.
5% Jan.
14 Jan.
4 Nov.
13 Aug.
14 Apr.
40 Sept.

176 Apr.
135 Mar.
100 June
18 Aug.
24% Apr.
61 Apr.
52 Apr.
18% Sept.
154% May
7% June
34 Aug.
8 Apr.
19 Apr.
16% Apr.
45 Mar.

31« Oct.
12 Aug.
2% Jan.
86>« Jun.
7% June

714 Mar.
12 Aug.
12 Aug.
92 July
9% Apr.

100

12 ja n .
5 Feb.
lie Feb.
102 Nov.
104 Aug.
1061« oct.
61$ Feb.
148 Jan.

13
6
1%
102
107
120
8%
162

ju n e
Feb.
Apr.
Nov.
Mar.
May
Apr.
Nov.

110% Jan. I I 71« Nov.
51« May
6 Apr.
5b. Jan. 65 Oct.
21« Aug.
6 July
149 Jan. 160 Nov.
20 July 30% Nov.
1721« Feb. 181 Sept.
t Actual sales.

Bid.

Alabama—Class A, 4 to 5 ....... 1906
Class B, 5s ............................ 1906
Class C, 4s..............................1906
Currency funding 4s............1920
Arkansas—6s, fund, Hol.1899-1900
do. Non-Holford
7s Arkansas Central R R ............
Louisiana—7s, eons.. ......„„.^ 9 1 4
Stamped 4s..... .............................
New eonols. 4s......................1914

103

Ask.

92%
93
2
10
170
1
Ï0
110
100
94

Capital Surpl’s Loans.

Bank of New York..
Manhattan Co....
Merchants’ .........
Mechanics’...... ..
America..............
Phenix................
City....................
Tradesmen’s .... .
Chemical............
Merchants’ Exch’ge
Gallatin National...
Butchers’&Drovers’
Mechanics’ & Trad’s
Greenwich.........
Leather Manufac’rs
Seventh National...
State of New Y ork..
American Exchange
Commerce...............
Broadway...........
Mercantile.. . . .. . . . .
Pacific...... .......
Republic.................
Chatham.................
People’s ...... ...........
North America.......
Hanover_________
Irving........ ■ ........
Citizen’s ____ _____
Nassau.............. .
Market & Fulton...
Shoe & Leather......
Corn Exchange......
Continental............
Oriental...... ...........
Importers’&Traders

SECURITIES.

$

1,974,6
2.050.0 1.923.0
2, 000,0
944.2
2, 000,0 2.113.2
3.000. 2.144.3
0
1.000 .
0
449.6
1, 000,0 2.999.2
750.0
168,0
300.0 7.192.4
600.0
143.8
1, 000,0 1.579.5
300.0
267,4
400.0
403.3
200.0
177.8
600,0
514.4
300.0
112,0
1.200.0
510.6
5.000. 2.355.6
0
5.000. 3.537.5
0
1. 000. 1.568.6
0
1, 000,0 1,103,4
422,7
479.6
1.500.0
930.5
450.0
960.3
200.0
259.2
700.0
607.5
1,000,0 1.900.3
600.0
335.0
600,0
377.9
500.0
288.7
750.0
804.2
1,000,0
253.7
1,000,0 1.183.1
1,000,0
222.8
300.0
412.4
1.500.0 5,467,9
2,000 ,0 3,074,0
250.0
141.5
3.200.0 2.017.7
2,000,0
445.0
300.0
576.1
750.0
365.0
500.0 7.274.3
1, 000,0
193.1
300.0
138.3
250.0
543.9
200.0
562.3
750.0
273.1
500.0 1, 200,6
100.0 1.018.2
200,0
621.4
200,0
603.1
500.0
527.4
300.0
518.2
200.0
545.2
200,0
309.3
300.0
744.7
200*0
281,2
600.0
228.3
200,0
335.9
2, 100,0
218.6
300.0
871.5
500.0
575.5
1, 200,0
278.8
500.0
112.9
2 , 000,0

$

15.210.0
13.324.0
10.585.7
10.452.0
19.583.4
4.956.0
22.291.0
2.319.5
26.670.5
3.824.0
6.151.4
1.691.2
2.240.0
1,126,9
3.036.4
1.748.3
3.162.6
22.577.0
23.219.2
6.070.2
7.973.6
2.525.5
11.487.7
5.532.2
2 , 121,8

6,237,8
18,368,9
2.725.0
2.900.7
1.878.4
4.372.8
3.130.0
9.879.9
4.440.7
1.845.0

20 .232.6

Specie. Legáis. Deposits
$
2 , 210,0

2.526.0
2,236,2
1.397.0
2.318.1
502.0
8,548,9
296.5
6.708.1
848.5
1.219.0
134.1
320.0
182.6
429,9
253.8
170.7
2.725.0
4.100.2
1,024,5
1.549.0
589.2
1.621.4
1.017.3
241,5
1.100.7
4.608.8
345.3
647.4
588.9
584.3
502.0
1.793.7
1.120.7
256.0
4.500.0
5.626.0
103.7
4.975.1
490.0
951.0
758.4
2.466.2
1.747.1
113.3
450.0
635.3
580.5
5.011.1
881.6
304.5
538.2
1.090.5
1.071.9
740.2
184.5
757.9
226.0
796.0
300.0
1.797.5
1,180,0
179.8
1.086.4
161.8

24.497.2
East River__ . . . "
1.113.6
21.826.2
Fourth National...:
8.830.0
Central National__
Second National....
4.490.0
Ninth National......
3.721.8
24.425.8
First National.......
Third National.......
9.258.4
1.341.6
N.Y. Nat. Exchange
Bowery...................
2.665.0
New York County..
2.943.0
2.618.8
German American..
Chase National......
13,948,6
Fifth Avenue..... .
5.521.6
2,675,9
German Exchange..
3.099.2
Germania.......
i
5.727.2
United States...__
Lincoln.. . .... .....J
5.296.5
Garfield__ . . . .......
3.885.4
1,883,8
Fifth National......j
4.369.4
Bank of the Metrop.
West Side___ .....]
2.262.0
Seaboard................. j
4.768.0
1.830.2
Sixth National.____ ;
Western National..
11.864.8
First Nat. Br’klyn..
4.217.0
Southern National..
2.696.7
Nat. Union Bank....
9.605.3
Liberty Nat. Bank.
1,372,2
6lu622,7 7L259j6 498.937.0 9L421.1
Total.




Rio Grande Western pref........100
Rim e Wat.& Ogdensburgh__ 100 115%
St. Louis Altox & Ter. Haute...100 37
Preferred......................
100
Toledo Peoria & Western......... 1Q0
Toledo St. L. & Kansas City if.,
1
M is c e lla n e o u s S t o c k s .
Adams Express...........................100 140
American Bank Note Co If. . . . ____
46%
American Express..................... iOO 1114
Amer. Telegraph & Cable......1 0 0 Ì 89%
Brunswick Company................. 100
1%
Chic. Juno. Ry. & Stock Yards. 100
Preferred..................................100
Colorado Fuel & Iron, pref.......100
73
Columbus & Hocking Coal___ 100
5%
Commercial Cable......................100
Consol. Coal of Maryland......1 0 0 31%
Edison Electric Illuminating... 100 . . .. .
Interior Conduit & Ins. C o.......100
Laclede Gas................................ 100 21%
Preferred.......... . .............. .... .100 Î 82
Lehigh & Wilkesbarre Coal if _____
20
Maryland Coal, pref...................100 45
Michigan-Peninsular Car C o... 100
Preferred..................................100
Minnesota Iron.......................... IOO
National Linseed Oil Co........... 100 t 20%
National Starch Mfg. Co...........100
New Central Coal.......... ............ 100
7
Ontario Silver Mining............... 100
8%
Pennsylvania Coal.................... 50 280
Postal Telegraph—Cable If.............
50
Quicksilver Mining.................... 100
1%
Preferred..................................100
Texas Pacific Land Trust........ 100
8%
U. 8. Express..............................100 42
U. S. Leather preferred TI...............
59
U. S. Rubber preferred...... ....1 0 0
94
Wells. Fargo E xpress___......1 0 0 105

Bid.

Ask.

Missouri—Fund..............1894-1895
North Carolina—6s, old..........J&J
Funding act...........................1900
New bonds, J & J ........ 1892-1898
Chatham R R ................................
1
Special tax, Class I .....................
1
Consolidated 4s.................... 1910 100
6s............................................ 1919 124
South Carolina—4%s, 20-40.. 1933 101 105
6s, non-fund.......................... 1888
2
1%

New York City Bank Statement for the week ending
November 17, 1894. W e om it two ciphers (00) in all cases.
(00s omitted.)

Bid.

Range (sales) in 1884.

Ask.

Lowest.

Highest.

117 109% May 118 "O ot.
38% 20 Jam 39% Nov.
150 Mar. 167% June
15 Apr. 17 Apr.
2%
2 Mar.
2 Mär.
145 140% Nov. 154% Jan.
48%
114% 108 July 116 Apr.
91
85 Feb. 92% Sept.
4% 2 % Oct.
5 Mär.
87 Oct.
97% Apr.
100 ‘Nov
90
50 Jan. 72 Nov.
6
4% Jan.
9% Apr.
33% 28 Jan.
31 Mar.
.. .. .. 93 Feb. 104 Apr
36 Apr. 55% May
22% 15 Jan. 22% Nov.
59 Jan. 82% Nov.
22 May 22% May
60
....
....
50
9%
9
10
300
55
4
15
10
47
60%
96
115

45 Feb. 52
14 Sept. 25
7 July 12
6% Oct.
9
6% Jam 12
275 Nov. 315

Man
Jan.
Aug.
Nov.
May
June

1% Jam
3 Feb.
13% Aug. 17% Mar.
7% Jan. 11% Aug.
41 Oct.
57 Jan.
52% June 68% Apr.
80 Jau. 96% Nov.
105 Nov. 128 Jan.

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS NOVEMBER 2 3 .

SECURITIES.

Ba n k s .

Nov.2 3 .

I nactive Stocks.
ITIndicates unlisted.

Highest.

166
135

cx Indicates actual salesJ

$

2.400.0
5.566.0
1.464.3
1.496.0
4.839.4
1.396.0
7.144.3
228,2
7.175.2
389.4
1.851.6
328.2
495.0
220

386,9
216.0
518.8
8.395.0
5.584.2
662.2
2.370.4
864.9
2.976.2
911.1
412.4
1.667.7
2.887.5
619.1
351.2
823.7
959.2
1.445.0
1,543*0
2,165,9
503.1
6.437.0
4.456.5
187.9
3.494.7
5.332.0
1.476.0
630.3
3.419.7
1.718.1
242.1
456.0
238.5
478.8
3.163.1
1.622.1
680.4
787.4
502.5
1.232.5
942.8
301,4
864.8
1.015.0
1.211.0
89,5
1.777.3
645.0
898.0
1.342.6
239.0

$

16,010,0
18.511.0
12.498.1
9.867.0
22.839.8
5.431.0
34.191.0
2,168,8
33.002.5
4,304,8
6.768.6
1.769.2
2.550.0
1.178.7
2.678.0
1.933.8
2.470.7
23.796.0
23.588.9
5.846.7
9.557.4
3.975.5
13.837.1
6.007.9
3.329.8
7.590.1
22.945.2
2.918.0
3.587.0
3.045.8
5.028.3
4.570.0
11.816.5
7.198.6

SECURITIES.

Bid.

Ask.

Tennessee-6s, old........ 1892-1898 . . . . . . . . . . . .
6s, new bonds .........1892-8-1900
do
new series.............. 1914
•mmmrntt)
Compromise, 3-4-5-6s.......... 1912
3 s . . . . . . . . ........ ......................1913 "8 0 " 81
Redemption 4 s.................... 1907
_
do
4%s..................1913
......
Penitentiary 4%s..... ...........1913 ........
Virginia funded debt, 2 -3 s ...l9 9 l 58% 59
6s, deferred t’st reo’ts, stamped.
9%

New York City, Boston and Philadelphia Banks :
Ba n k s .

N. York.*
Oct. 20....
“ 27....
“
3....
Nov.lO ...
“ 17....
Boston *
Nov. 3__
“ 10....
“ 17....
Phila.*
Nov. 3...
“ 10 ..
“ 17

¡Capital di
Surplus.

Loans.

Specie.

Legats. Deposits.+ Circ’l’n Clearings.
$
$
132.882.3 500,772,5 93,937,9 1172525
594.706.9
486.918.9
132.882.3 499.692.7 93.926.6 1185121 594.295.2 117230
116197 486.701.9
132.882.3 500.822.0 93.755.6 1182249 595.104.9 115178
549.450.3
132.882.3 499.714.7 93.677.1 1160366 592.176.2 11207« 467,522,6
132.882.3 498.937.0 94.421.1 1171898 594,547,4 111700 564.700.3
69.351.8 173.819.0 11.057.0 8.793.0 175.169.0 6.922.0 03.902.9
69.351.8 175.552.0 11.040.0 9.061.0 174.236.0 7.061.0
69.351.8 175.957.0 11.351.0 8.920.0 174.356.0 7.040.0 185.316.3
87,367,7
35.810.3 112.173.0
32.554.0
115.623.0 5.287.0 64,752,0
35.810.3 112.138.0
33.150.0
115.873.0 5.297.0 53.111.9
35.810.3 112.208.0
34.008.0
117.659.0 5.244.0 67,128,3
$

delphia°the item * S S S t o * U e / M ’^

+ Ia0lUdl,lg

B oston and PhUa

Miscellaneous and Unlisted Bonds.—Stock Exch. prices:

Miscellaneous Bonds.
Miscellaneous Bonds.
Ch, Jum& S. Yds.—Col.t.g.,5s .... m Peoria
Water Co.—6s, g .....
Colorado Fuel—Gen. 6s.........
Pleas. Valley Coal —1st g. 6s. 98 b.
Col. & Hock. Coal & I.—6s, g. * 90 a. Procter & Gamble—1st g. 6«
Oonsol’n Coal—Convert. 6s. *102 b.
Yuba Water Co.cm.6s.
Cons.Gas Co..Chic.—1st gu.5s 83 %b. South
Sunday Creek Coal 1st g 6s.. 99 b.
Denv. O. Wat-Wks.—Gen.g.Ss
U
S.
Leather—
S. f. deh., g., 6s *110 a.
Det. Gas con. 1st 5s...............
Teleg.—< . 110 bj
Edison Elec. 111. Co.—1st 5s . 107 a. Western'Union
WheeLL.E&P.Coal—
1st g,5s 70 b.
Equitable G. & F.—1st 6s__ 100 a.
Unlisted Bonds.
Henderson Bridge—1st g. 6s.
Amer. Deb. Go. col. tr. 5s....
Hoboken Land & Imp.—g. 5s
Comstock Tunnel—Inc. 4s..
5 Sab.
Mioh.-Penin. Car 1st 5s, g __
Geo. Pao—1st 6s g. otfs.......
Mutual Union Teleg.—6s g .;
2d mort. income . . . . .. . . . . .
Nat. Linseed Oil deb. 6s, g... *'93 *b. Consol. 5s, g. otfs...... . .
Northwestern Telegraph—7s. '108 b. Income 5s. otfs........... .
2 .020.0 People’s Gas & C. >1st g. 6s.
Mem.¿¿Charleston—Con. 7 g.
25.571.0
Co., Chicago.... 5?d g. 6s. ?10í%b. South. Ry. 1st 5h. when iss’d
30.273.6
1.026.5
Note.—“ i ” indicates price bid; “ a ” price asked. * Latest prioe this week
25.393.3
12.920.0
Bank Stock List—Latest prices this week. (*Not listed.)
6.240.0
4.390.8
BANKS. Bid. Ask.
BANKS. Bid. Ask. RANKS. Bid. Ask«
23.354.3
r
11.474.8 America......
320 N.Y. Nat. Ex
1.299.6 Am. Exch...
Garfield____
3.071.0 Bowery*......
3.456.3 Broadway... ....
Gorman Ex.*
N. America.
100
2.921.6 Butchs’&Dr.
19Ó* Germania....
Oriental....
20.402.6
Pacific.......
6.895.9 Chase..........
Hanover......
3.463.3 Chatham......
r».- Hud. River.. 150
People’s ....
........
4.240.1 Chemical ...
Im. & Trad’s’
550
6.704.7 City....... . .
500 Irving......... 135
Prod. Ex.*.. ........
6.661.5 Citizens’ ......
5.247.9 Columbia....
Seaboard .1. 170 J
1.882.6 Commerce... 180
Manhattan..
5.462.9
Market&Ful
Seventh ...
3.026.0 Corn Exch..
Mechanics’ ..
Shoe& Le’th
6.118.0 Deposit.......
Southern.. 167Í
1.661.9 Ea t River..
Mercantile..
13,095,5
Merchants’ ..
Third.......
4,875.0 Fifth Ave.-..
2.963.7 Fifth*.......... ....... _
Necropolis..
10.340.8 First. .........
Mr. Morris..
Union*......
1.280.4 First V„ 8. I.
Nassau
Uu’o State Ï75"
14th Street
New York . ::::::
110
117 IRC 8 504 547 4 Fourth __ _
Ì95 * N. V. Co’nty.
West Side*.

no

THE
BOSTON, PHILADELPHIA

Active Stocks.
1f Indicates unlisted.

CHRONICLE.

[VOL. L IX .

AND BALTIMORE STOCK EXCHANGES.

Share Prices — not Per C en tu m Prices.
oaLurcu»v,
Nov. 17.

Monday,
Nov. 19.

Tuesday,
Nov. 20.

Wednesday, Thursday,
Nov. 21.
Nov. 22.

Friday
Nov, 23.

5% 5%
5%
Atoll. T. & 8. Fe (Boston).IOC
5% 5%
5%
5%
5%
5
5% * 5%
5%
*
*1
Atlantic & Pac.
“
100
1%
1% 1% *1
1%
1%
*
Baltimore & Ohio (Balt.). 100
69
66% 66%
*66
68
*127
lstpreferred
“
100
*127
*127
*127
110%
2d preferred
“
100 *109% 111 *109 i l l *109% 111
*110 112
BaltimoreTrac’n (Phil.).. 25 16% 16%
16% 16% 16% 16% 16% 16% 16% 16%
Boston & Albany (Boston).100 *207
207 207% 206 207
207 207% 207% 207% 207 207%
*19fi%
197 197
198 198
Boston & Lowell
“
100 196 196
*196
B o sto n * Maine
“
100 156 156% 155% 156
156 156% If 5% 156
155% 155% 155% 156
Central of Mass.
“
100 *11% 12
*11% 12
*1158
11% 11% 11% 11% *11%
Preferred
“
100 *50% 51% *50%
SO
50
*50 ' 52
*50
Chio. Bur. & Quin. “
100 73% 74% 72% 73% 73
74% 70% 74% 70% 71% 70% 70%
Chie. Mil. & St P. (P h il).ICO 60% 62% 5978 60% 60
60% 58% 60% 58% 59% 58% 59h
*__
Chic. & W. Mich. (Boston). 100 *11
*11
16
*11
*11
*10% 16
16
16
16
Cleve. & Canton
“
100 *•50
*•50 L-00
*3
Preferred
“
100
3%
*3
3%
3
3
3% 3%
3% Sh
*3% 3%
Fitchburg pref.
“
100 83% 84
81% 83
83% 83
83% 83
83
82% 83 * 83
Hunt. &Br Top. (Phila.). 50 *
35 k
35
35 *
35 &
35
Preferred
*f
50 51
51
*61
*51
*51
*51
Lehigh Valley
“
50 33% 33% 33% 34% 33% 34
33% 34
33%
33% 33% £3
Maine Central (Boston). 100 *122% 128 *122% ____ *__
128 *122% 128
*130 131
Metropolitan TracYPaiO -100 108 108% 108% 108% 108% 108%
107% 107% 107% 107%
7%
7%
7%
Mexican Cent’l ( Boston). 100
7
7
*7
*7
*7
7%
*7
7%
N.Y.&N.E.,tr.rec.§ “
100 31% 31% 31% 32
32
22
31% 31% 31% 31% 31% 31%
Preferied,tr.rec.$ “
loO *64% 66
*64% 66 *........ 65
*64
65
62%
63
63
62%
*
Northern Central (Bali.). 50
69
69 L
69
*69
69%
4%
4%
Northern Pacific (PhUa.)XQO
4%
4% 4%
4%
*4% 4%
4%
4%
4% 4%
Pi ef erred
“
100 *17% 17% *17% 18
*17
18
*17% 17% *17% 18% *17% 18
Old Colony___(Boston). 100 179 179
179 179% 179 179
180 180
180 180% 180 180
Pennsylvania ...(P hila,). 50 51
51% 51
51% 51% 51% 50% 50% 50% 50% 50% 51
&
Philadel. & Erie.
“
50
22
22
23 k
23
Phila. & Reading.
“
50 ,£Jie 89ie
8% 8%
8 % 8% 85i« 8%«
8% 8% 8U18 8%
Philadelph Trac.
“
5t 104 104% 104% 104% 104%104% x l 02 102 *102 102% 101% 102%
Summit Branch (Boston). 50
*4
6
*4
6
*4
6
Union Paiifio__
*i
100 *12% 12% *12
12% 12
12
12
12% 12% *12% 12%
12
UnitedCos of N. J YPhila.)100 *236%
226% 236% *236%
*236
*237%
*237%
W.N.Y.&Pa.tr.rec
“
100
*5% 6
6
*5%
6
‘ 5%
6
*5%
*5%
6
‘ 5%
6
M iscellan eou s Stocks.
Am.Sug’r Refin.lf ( Boston)___
87% 88% 87% 89% 89
90% 88% 91% 87% 88%
90% 90
Preferred........
“
93% 93% 93
93
93% 93% 93% 95
93% 95
93% 93%
Bell Telephone..
“
100 ‘ 194 196
195 196
195 196
196 197
195 196
195 195
Bost. * Montana.
“
25 ‘ 28% 28% *23% 28% 28% 28% 29
29% 29
29
*29% 29%
Butte & Boston..
“
25 *10% 10% * )0% 10% 10% 10% *10% 10% *10% 10% 10% 10%
Calumet & Hecla
“
25
184 x280 280
280 280
283 284
283 283
283 283
Canton C o ..........(Balt .1.100
91
91
90%
91
*90
Consolidated Gas
“
100 65% 65% 65% 65% 65% 65% 65% 65% 65% 65% *65% 65%
Erie Telephone.(Boston). 100 52% 52% 52% 52% *52% 53
52% 52% 52% 53
52% 52%
General Electric.
“
100 34% 34% *35
35% *35
35% 35
35% *35
35% 35
35
Preferred........
“
100 67
67
*67
70
*65
67% 67% 67% *65
68
*65
70
Lanuson StoreSer.
“
50 24% 24% 24% 24% 24% 24% 24% 25
24
24
23% 23%
Lehi’h Coal&N&v. (Phila.) 50 48
48
47% 47% 47% 47% *__
48
*47
47% 47
47%
N. E. Telephone (Boston) 100 *66
67
67
67
66% 66% 66
66
*66
67
*66
67
North American (Phil.). 100
4 1 «
4%
41$
4%
West End Land.. (Boston)__
2
*2
2
2 % *2
2%
2 % 2 % *2
2% *2% 2%
5 3d instalment paid.
Bid and [asked prices; no sale was made.

Inactive Stocks.
Prices of November 23.
Atlanta & Charlotte (Balt.). 100
Boston & Providence (Boston). 100
Camcen & Atlantic p£. (Phila.). 50
“
50
Catawissa.......................
lstp referred ........ .
“
50
2d pref erred....... ...
“
50
Central Ohio............... (Balt.). 50
Chari. Col. & Augusta
“
100
Connecticut & Pass.. (Boston). 100
Connecticut River__
“
100
Delaware &BoundBr. (Phila ) .! 00
Flint & Pere Marq.., (Boston). 100
Preferred..................
“ 100
Har.Ports Mt.Joy&L (Phila.). 50
Kan. C’y Ft.S. & Mem. (Boston). 100
Preferred....................
“ 100
Little Schuylkill........ (Phila.). 50
Maryland Central___ (Ball.). 50
Mine Hill & S. Haven (Phila.). 50
Nesquehoning Val___
“
50
Northern N. H........... (Boston). 100
North Pennsylvania. (Phila.). 50
Oregon Short Lin e .. . (Boston) .100
Pennsylvania&N.W. (Phila.). 50
Rutland...............
(Boston) .100
fPreferred....................
“ 100
Seaboard & Roanoke. (Balt.) .100
1st preferred........
“
100
West End..................(Boston). 50
i Preferred..............
“
50
West Jersey................ (Phila.). 50
West Jersey &Atlan.
“
50
Western Maryland... (Balt.) . 50
Wilm. Col. & Augusta
“
TOO
Wihningt’n& Weldon
“
100
Wisconsin Central... (Boston; . 100
P refe rre d .............
“
100
Worc’st.Nash.&Roch.
“
100

Bid.

Ask.

Inactive stocks.

Bid.

Ask.

Bales
of the
Week,
Shares.

Range of sales in 1894.
Lowest.

Highest

8,333
3% July
10 ( ■50 Aug.
3 66 Nov.
125 Jan.
108 Jan.
1,230 13% Aug.
127 198 July
12 1827s Jan,
566 126 Jan.
15 10% July
3 46 Jan.
36,€54 70% Aug.
32,400 5438 Jan.
10 June
•45 June
459
2 Feb.
167 66% June
29% Apr.
47 May
1,753 33 Nov.
101 Jan.
704 x96% Jan.
100
5®8 Jan.
2,231 i3% May
100 124% Mar.
12 66 July
922
3% June
12% June
247 170% Jan.
2,341 48 Jan.
53 2178 Jan.
13,744
7% May
4,203 t83% July
4% May
287
67s July
5 227% Mar.
i 78 July

16% Mar. 29
1% Mar. 14
81 Apr. 9
129 Apr. 19
119 May 12
17% Nov. 7
212 Apr. 30
198 N o v .23
156% Nov. 17
14% Mar. 10
55 Sept. 6
84% Mar. 21
67% Sept. 6
25% Mar. 13
•62% Nov. 13
3% Sept. 14
85 Nov 16
37% Sept. 14
52 July 11
42% Mar. 13
119 Oct. 26
122 Apr. 12
9% Apr. 3
33% Sept. 26
66 Sept. 24
69% Aug. 22
6% Mar. 21
23% Mar. 31
180% Sept. 8
52% Apr. 7
28% Feb. 1
11 % Mar. 12
115% Apr. 11
7% Mar. 5
22 % Mar. 31
237% Nov. 12
7 Sept. 24

36,852
507
413
485
1,060
45

11478 Aug. 21
100 Aug. 21
208% Sept. 28
31% Sept 20
11% Sept. 20
302 Jan. 18
93 Oct. 9
68% Nov. 1
56 Oct. 12
45% Mar. 8
75 Mar. 8
26 Apr. 7
55 Mar. 11
68 Aug. 14
5% Mar. 19
12% Mar. 20
+ Old celts.

365
126
535
126
521
305
20

255
190

75% Jan. 24
79 Jan. 3
163 Feb. 26
22 July 21
7 7s July 23
265 June 22
66 Jan. 18
53% Jan. 3
42 Feb. 21
30% Jan. 3
56 Jan. 4
12% J an. 2
47 Nov. 23
49 Feb. 28
2% June 27
i l 7g July 3
1 Ex rights.

Bonds.

Pa. & N. Y. Ca., con. 5S.1939, A&O
Bonds— Boston.
91% 93% At.Top.&8.F.100-yr.4g.,1989, J&J * 65% 65% Perkiomen, 1st ser.,5s.l918, Q—J
257 260
19% Phila. & Erie gen. M. 5g.,1920, A&O
2d 2%-4s, g., Class A .. 1989, A&O * 19
£0
Boston United Gas 1st 5s.............. § 82% 83
Gen. m ort.,4 g .......1 9 2 0 . A&O
2d mort. 5s........................... 1939 § 58
58% Phila & Read., new 4 g., 1958, J&J
50
Burl. & Mo. River E xen p t 6s, J&J ¡115 116
1st pref. income, 5 g, 1958, Feb 1
48
Non-exempt 6s..........1918, J&J ¡105 106
2d pref. income, 5 g, 1958, Feb. 1
49% 50%
Plain 4s......................19 1 0 , J&J § 88
89
3d pref. income, 5 g, 1958, Feb. 1
30
25
Chic. Burl. & Nor. 1st 5,1926, A&O §103% 104
2d, 7s..........................1933, A&O
130 132
2d mort. 6s........ .....1 9 1 8 , J&D § 97% 99
Consol, mort. 7s....... 1911, J&D
248 250
Debenture 6s..............1896, J&D ) 97
98%
Consol, mort. 6 g ....... 1911, J&D
160
93
Chic. Burl.& Quincy 4 s..1922, F&A ) 92
Improvement!!. 6 g., 18977A&0
12
14
Iowa Division 4s.......1919, A&O } 98
99
Con.M.,5 g.,stamped,1922.M&N
38
45
Chic.&W.Mich. gen. 5s, 1921, J&D > 65
66
Terminal 5s, g ........1941, Q.—F.
84
Consol, o f Vermont, 58.1913, J&J ! 86
87
Phil. Read. & N. E. 4s............ 1942
10
15
Current River, 1st, 5S..1927, A&O ) 62
70
Incomes, series a ................ 1952
60
70 Det. Lans. & Nor’n M. 7s. 1907, J&J ' 55
70
Incomes, series B . . . ............ 1952
68% Eastern 1st mort 6 g,1906,M&S.. )122 123
Phil. Wilm. & Balt., 4 s .1917, A&O
I ree,Elk. &M. V.,lst, 6S.1933, A&O >126 128
Pitts. C. & St. L., 7s....1900, F&A
69
Unstamped 1st, 6s___1933, A&O ¡125 126% Schuyl.R.E.Side,lst 5 g.1935, J&D
55 ........ K.C. C.& Spring.,1st,5g.,1925,A&O ¡ 60
65
Steuben. &Ind., lstm . ,5s. 1914, J&J
K C. F.S. &M. con. 6s, 1928, M&N ! 91
92
Union Terminal 1st 5s.......... F&A
85%
K.C. Mem. & Bir..lst,2s,1927, M&S ' 53
54
Warren & Frank.,1st,7s,1896,F&A
8
8% K.
¡122
% 124
C. St. Jo. & C. B., 7 s ..1907,
J&J
B o n d s r - B altj m o re.
40
L. Rock & Ft. 8., 1st, 7s. .1905, J&J ¡ 85
90
Atlanta & Chari., 1st 7s, 1907, J&J
2
2% Louis., Ev.&St.L., 1st, 6g.l926, A&O ¡102 103
Income 6s............1 9 0 0 , A&O
70
71
2m., 5—6 g .................1936, A&O í 90
92
Baltimore Belt, 1st, 5s.1990, M&N
55
Mar. H. & Ont., 6s.......1925, A&O ¡103 104
Baltimore & Ohio 4g., 1935, A&O
Mexican Central, 4 g. ..1911, J&J ) 56
56%
Pitts. & Conn., 5 g ...l9 2 5 , F&A
59
59%
11
1st consol.incomes, 2 g, non-cum,
13
Staten Island, 2d, 5 g.1926, J&J
85
85%
2d consol, incomes. 3s, non-cnm.
8 Bal.&Ohio S. W.,lst,4%g.l990, J&J
7
55
56
. Y. & N.Eng,, 1st, 78,1905, J&J* ‘ 116% 117 CapeF.&Yad.,Ser. A .,6g.l916, J&D
20%
1st mort. 6s.............1 9 0 5 , J&J 109 109%
Series B., 6 g . . . . . ....... 1916, J&D
2d mort. 6s..............1 9 0 2 , F&A TOS 103%
Series C., 6 g ............... 1916, J&D
100
Ogden. &L.C.,Con.6s...1920,A&O ¡101 102
Cent. Ohio, 4% g ........... 1930, M&S
92% 97
Inc. 6s........................
1920
20 Chari. Col.&Aug. 1st 7S.1895, J&J
3%
4 Ru tland, 1st,6s............ 1902,M&N ¡110 111 Ga. Car. & Nor. 1st 5 g..l9 2 9 , J&J
25
2d, 5s.......................... 1898,F&A ¡101 102 North. Cent. 6s............... 1900, J&J
118 122
6s.................................. 1904, J&J
Bonds.— Philadel *»hja
MISCELLANEOUS.
Allegheny Val.,7 3-lOs, 1896, J&J 106%
Series A, 5s..................1926, J&J
Allouez Min’g, asstpdf'Bostou) . 25 •25 •37 Atlantic City 1st 5s, g., 1919, M&N
103
4 % s ...........................1925, A&O
Atlantic Mining........
“
25 10% 11% Belvidere Del., 1st, 6s..1902, J &D 112
Piedm.&Cum..lst, 5 g .1911, F&A
City Passenger R R ... (B alt.). 25 71% 72
Catawissa, M., 7s........ 1900, F&A 113
Pitts. & Connells. 1st 7s.1898, J&J
Bay State Gas 11........(Boston). 50
12
12% Clearfield &Jeff., 1st, 6s.l927, J&J 115%
Virginia Mid., 1st 6 s ...1906, M&S
Boston Land.................
“
10
4
4% Connecting, 6s........ 1900-04, M&S
2d Series, 6s................ 1911 M&S
Centennial Mining...
“
10
%
% Del. & B’d B r’k, 1st, 7s.1905,F&A 128 129
3d Series, 6s............... 1916, M&S
Electric Traction___(Phila.). 50
Easton & Am. lstM.,5s. 1920, M&N 107%
4th Series, 3-4-5s.......1921, M&S
Do
rights
“
Elmir. & Wilm., 1st, 6s.1910, J&J. 117%
5th Series, 5s..............1926. M&S
Fort Wayne Elect.^...(Boston). 25
" 2 % Hunt. & Br’d Top,Con.5s.’95,A&O 101% 101% West Va C. & P. 1st, 6 g.1911, J&J
Franklin Mining___
“
25 12
12% Lehigh Nav. 4%s.......... 1914, Q—J 110 %
West’LN.C. Consol. 6 g.1914, J&J
Frenchm’n’sBay L’d.
“
5
1%
1% 2d 6s, gold........ ......... 1897, J&D 109% 110 Wilm. Col. & Aug., 6 s.. 1910, J&D
Illinois Steel..................
“ 100 40
49
General mort. 4%s, g.l924,Q —F 104%
MISCELLANEOUS.
Kearsarge Mining....
“
25
7
8 LehighVaLCoal 1st 5s, g. 1933, J&J 103 103% Baltimore—City Hall 6s.1900, Q—J
Morris Canal guar. 4. (Phila.).IOC 75
80
Lehigh Valley, 1st 6s...1898, J&D 110%¡.
Funding6s.................1900, Q—J
Preferred guar. 10.
“
100
2d 7s............................1910, M&S 132
West Maryi’d RR. 6s. .1902, J&J
Osceola Mining......... (Boston) . 25 r2C% 21
Consol. 6......................1928, J&D 124
Water 5s........ ...........1916, M&N
Pullman Palace Car.
100 153% 154 North Penn. 1st, 7 s ....1896, M&N 104
Funding 5 s . .. . . . .......1916, M&N
Quincy M in in g .......
••
25 92
95
Gen. M. 7s............... ...1903, J&J 124 126
Exchange 3%s.......... .1930. J&J
Tamarack M ining....
«
25 150 154 Pennsylvania gen. 6s, r.,1910, Var 131
Virginia (State) 3s, new.1932, J&J
United Gas Impt...... (Phila.)___
71% 72%
Consol. 6s, o
........1 9 0 5 , Var
Chesapeake G a s ,6 s .....1900, J&D
Water Power..............(Boston). 100 .•so 1-00
Consol. 5s, r ..................... ...1919, Var
115
Consol. Gas, 6 B ..........1 9 1 0 , J&D
Westingh. Elec. &M..
I
5t 34% 34%
Collat. Tr. 4% g .......... 1913, J&D
5 s ..................................1939, J&J
Pref., cumulative.
“
50 51% 52
Equitable Gas. 8s - - 1913.
Pa. & N. Y. Canal,7s...1906.J&D 126* 128
* Price includes overdue coupons.
i Unlisted.
I And accrued interest.
t Last price this week.




Bid. ¡Ask.
109
i ‘l7%
101%
76
28%
18%
15%
117
130%
116
104
99
106%

102
76%
29
18%
15%
119
99%
106%

101% 102
115%
112
108%
96% 100
120
102 104%
103% 104%
100
109

lo i
103%
83
113
116
113
104
99
111%
115
115
112%
89
101%
105%
112%
116

110

72%
70
70

85
120
100
m %

102%
106
113%

111%
113
120

121%

iÖ3% ÍC4
72% 74
108
117%
107 108
111
......

THE

N o v e m be r 24, 1894.]

CHKON1CLE,

^Ll

NEW YORK STOCK EXCHANGE PRICES (Contlnued)-AG2TF# BONDS NOV. 2 3 AND FOB YEAB 18 9 4 .
K a ij r o a d

and

Closing Range (sales) in 1894
Price
Period Nov. 23.
Lowest.
Highest.

M is c e l . B o n d s . Inter11

Anrer. Cotton Oil, deb., 8g. 1900 Q - F
At.Top.&S.F.—100-yr.,4g.l989 J & J
2d 3-4s, g., Cl. “ A” .......... 1989 A & O
CoLMidland—Cons., 4 g.1940 F & A
Atl. & Pae.—Guar.,4 g .„.1 9 3 7
W. D. income, 6s............. 1910 J & J
Brooklyn Elev.—1st, 6 g ..l9 2 4 A & O
Union Elevated.—6 g ___1937 M & N
Canada Southern.—1st 5s 1908 J & J
2d, 5 s . .. . .......................... 1913 M A 8
Cent.Ga.-S.AW.lstcon.5s.1929
Central of N. J.—Cons.,7s.l899 Q—J
Consol., 7s........ ...............1902 M A N
General mortgage, 5 g ... 1987 J & J
Leh. AW.B.,con.,7s, as’ d.1900 ¡—M
A N
**
mortgage 5s. 1912
A J
Am. Dock A Imp., 5s___1921
& J
Central Paoiflc.—Gold, 6s.1898
A O
Ches. A Ohio.—Ser. A, 6 g.1908
Mortgage, 6 g . . . ............ 1911 A & O
1st consol., 5 g .................1939 M & N
General4%s, g .................1992 M A S
<R. A A. Diy., 1st con., 4g. 1989 J & J
“
2d con., 4g. 1989 J & J
Eliz. Lex. A Bi g San.--5 g. 1902 M& S
Chic. Burl. A Q.—Con., 7s. 1903 J & J
Debenture, 5s................. 1913 M A N
Convertible 5s.................1903 M & S
Denver Division 4s........ 1922 F & A
Nebraska Extension, 4s. 1927 M& N
Han. ASt. Jos.-Cons., 6s. 1911 M & S
Ohio. A E . 111.—1st, s. f., 6s. 1907 J & D
Consol.. 6 g ..... .......... ¿...1934 A & O
General consol., 1st, 5s..1937 M& N
Chicago A Erie.—1st., 5 g.1982 M & N
Income, 5s....................... 1982 Oct.
&
Chic. Gas L. AC.—1st, 5 g .. 1937
A
Chic. Mil. &St. P.—Con. 7s. 1905
1st, Southwest Div., 6 s..1909
A
A
1st, So. Minn. Div ,6 s ... 1910
lst,Ch.APac.W .Div.,5s.l921
A
A
Chic. A Mo. Riv. Div., 5s. 1926
Wise. A Minn., Div., 5 g.1921
A
A
Terminal, 5 g . ................. 1914
A
Gen. M., 4 g., series A . ..1989
&D
Mil. ANor.—lst,con.,6s.l913
Chic. A N . W.—Consol.,78.1915 Q—F
Coupon, gold, 7 s .........1 9 0 2 J & D
Sinking fund, 6s..............1929 A & O
Sinking fund, 5s..............1929 A & O
Sinking fund, deben., 5 s.1933 M & N
25-year debenture, 5 s ... 1909 M A N
Extension, 4s.................1926 F & A
Ohic.R.I.APao.—6s., coup.1917 J & J
Extension and col., 5s... 1934 J & J
30-year debenture, 5 s ...1921 M & S
Chic. St. P. M. A O.—6s....1930i J & D
Cleveland A Canton.—5 s.. 1917 J & J
0. C. C. A I.—Consol., 7 g.1914 J & D
General consol., 6 g ....... 1934 J & J
C.C.C.ASt.L.—Peo.AE.,4s.l940 A & O
Income, 4 s ......................1990 April.
Col. Coal A Iron.—6 g.......1900 F & A
Col.H.Val.&Tol.—Con.,5 g.1931 M & S
General, 6 g......................1904 J & D
Denver A Rio Gr.—1st, 7 g. 1900' M & N
1st consol., 4 g.................1936; J & J
Det. Mac. & M.—Ld. grants. 1911 A & O
Dui. So. Sh. A Atl.—5 g .. .1937 J & J
E. Tenn. V. AGa.—Con., 5g.l956 M & N
Knoxville A Ohio, 6g. ...1925 J & J
Ft. W. A Deny.City.—6 g . . 1921 J & D
GaLH.ASanAn.-M.AP.D.lst,5g M A N
Gen. Electric, deb. 5s, g ... 1922 J & D
Hous. A T. Cent., gen. 4s, g . 1921 A & O
Illinois Central.—4 g ........ 1952 A A O
4s, g ...........................
1953; M & N
Int. A GreatNor.—1st, 6 g.1919 M & N
1909 M & S
2d 4-5s.........
Iowa Central.—1st, 5 g ... . 1938 J & D
Kings Co. Elev.—1st, 5 g ..l9 2 5 J & J
Laolede Gas.—1st., 5 g ....l9 1 9 Q - F
Lake Erie & West.—5 g... . 1937 J & J
L. Shore.—Con. op., 1st, 7 s.1900 J & J
Consol, coup., 2d, 7s.......1903 J & D
Long Island. - 1st con., 5 g. 1931 Q -J
General mortgage, 4 g.. 1938 J & D
Louis. & Nash. Cons., 7s. 1898
A O
N.O. A Mobile, 1st, 6 g .. 1930 A J
& J
“
“
2d, 6 g .. 1930
A D
General, 6 g ..................... 1930
Unified, 4 g ...................... 1940
A J
Nash. F1.& Sh.-lst,gtd.,5 g.’37 F & A
Kentucky Central.—4 g. 1987 J & J
Louis. N. A. A Ch.—Ist.,6s.l910 J & J
Consol., 6 g ...................... 1916 A A O
Louts. St. L. A Texas.—6 g.1917 F & A
Manhattan consol. 4s........ 1990 ' A & O
Metro. Elevated.—1st, 6 g.1908 J & J
2d, 6s........................... ...1899 M & N
Mich. Cent.—1st, cons., 7s. 1902 M & N
Consol., 5s........ .............. 1902 M A N
MiL LakeSh.&W.—1st, 6 g.1921 M A N
Exten. A Imp., 5 g..........1929 F A A
Mo. K. A E.—1st 5s, g., gu.1942 A A O
M. K. A Texas.—1st, 4s, g.1990 J A D
2d, 4s, g ............................1990i F A A

113 b.
65%
19^4
20 b.
41%
' 4 a.
80
84 a.
112
10539
55 a.

R a il r o a d

and

Closing Range (sales) in 1894.
Price
Period Nov. 23.
Lowest.
Highest.

M is c b l . B o n d s . Intent

Mo. Pac.—1st,con., 6 g..„.1920 M A N ‘ 100 a. 87 Jan. 101% Apr.
3d, 7s........... ...................1906 M & N '108 b.
Jan. 112 Apr.
Pac. of Mo.—1st, ex., 4 g. 1938 F & A n o i b. 103
Jan. 101% Nov.
2d extended 5 s ............1938 J & J 107 %a. 95
99
Jan.
108 Oct.
St.L. A Ir. Mt.lst ext.,5s.1897 F & A 102 %b. 100% Feb. 103%
2d, 7 g ............................1897 M & N 105% 102 Jan. 109 May
Apr.
Cairo Ark. ATexas,7g.l897 J & D 102 %b. 97 Mar. 103% May
Gen.R’y & land gr. ,5g.l931 A & O 79 %b. 71 Jan. 83% Sept.
Mobile A Ohio—New, 6 g. .1927 J & D 119
111% Jan.
Oct.
General mortgage, 4 s ... .1938 M & S 65 b. 57% Jan. 120
67 Nov.
Nash. Ch. A S t L.—Ist,7s.l913 J & J 135 a. 125%
Jan.
133%
Nov.
II 239
Consol., 5 g ............... ....1928 A A O 99 a.
Jan. 102 Jan.
120 b.
Nat’l Starch Mfg.—1st, 6s.1920 M & N 93 b. 98
88
Jan.
98% Oct.
113%
N. Y. Central—Deb. ext. 4s. 1905 M & N '102%b. 101% Jan. 104%
10619b.
1st, coupon, 7s.................1903 J & J '127%b. 123 Jan. 128% Apr.
June
98 a.
Deben., 5s, coup., 1884.. 1904 M & S 108%b. 106%
Sept. 110 Feb.
114 b.
N. Y. A Harlem, 7s, reg.1900 M & N '120 a. 116% Jan.
Oct.
104 b.
R.W. A Ogd., consol., os.1922 A & O 116%b. 113% Jan. 122%
119 Sept.
119 b.
West Shore, guar., 4s___2361 J & J 106
Jan. 106% Nov.
118i9b.
N. Y. Ohio. & St. L.—4 g. ..1937 A & O 101% 100%
97% Jan. 102% Nov.
107
N. Y. Elevated—7s........... 1906 J & J 110%b. 108% July 113
June
75%
N. Y. Lack. A W.—1st, 6s. 1921 J & J 133%b. 127%
Jan. 134% Nov.
96 a.
Construction, 5s..............1923 F & A 116%b.
Feb. 116% Nov.
87 b.
N.Y.L.E.AW—1st,con.,7g. 1920 M & S 133%b. 110
131% Jan.
" Apr.
2d consol., 6 g ........ .....1 9 6 9 J & D : 76 a. t70 May 137
99%
86 Mar.
12319b.
Long Dock, consol., 6s,g. 1935 A & O 129 %b. 125
Apr.
129
98 %b.
N. Y. N. H. &H.—Con. deb. ctfs A & O 138 %a. 131 Oct. 140 May
Nov.
102 %a.
N. Y. Ont. AW .—Ref. 4s, g. 1992 M & S 87%
82% Jan. 88% Aug.
92%b.
Consol., 1st, 5s, g ............ 1939 J & D 110 b. 107 Jan. 111%
Oct.
87%b.
N.Y.Sus.AW.—lstref.,5s g.1937
& J 107 b. 103 July 109% O ct
120 a.
Midland of N. J., 6s, g . . .1910
& O 121%a. 115% Apr. 119 Sept.
116 b.
KTorf. A W.—100-year, 5s,g.l990
& J ; 62 b. 74% Apr. 74% Apr.
124 b.
Md. A Wash.Div.—1st,5 g.1941
& J ' 85 a. 76 Oct.
81 Apr.
9819a.
No. Pacific—1st, coup., 6 g.1921
& J 115 b. 105% Jan. 116 Nov.
94 b.
General, 2d, coup., 6 g. 1933
& o 88 %b. 71% July 89% Sept.
2719b.
General, 3d, coup., 6 g ..l9 3 7
& D 60%b. 46% July 64% Apr.
94
Consol, mortgage, 5 g ...l9 8 9
& D 23%
22% Aug. 34% M!ar.
13219 a.
Col. trust gold notes, 6s. 1898 M & N 77 %b. 74% Oct;
80 Sept.
117 a.
Chic. A N. Pac., 1st, 5 g.1940 A & O 40%b. 133% Oct.
Apr.,
117%b.
Seat. L. 8. A E., 1st, gu.6.1931 F & A 45 b. 40 Jan. 48%
55
Apr.
112 b.
No. Pacific & Mont.—6 g.,1938 M & S 35
25 July 39% Sept.
10719b.
No. PaeifioTer. Co.—6 g...l9 3 8 J & J 97
93
July
101%
May
109 b.
Ohio A Miss.—Con. s. f., 7S.1898 J & J 110 b. 106 Jan. 112 June
I l l b.
Consol., 7s........ ............ .1898 J & J 110 b. 106 Jan. 111% June
91%
Ohio Southern—1st, 6 g...l9 2 1 J & D 96%
88 Aug.
Nov.
120 b.
General mortgage, 4 g.,.1921 M & N 47 b. 35 July 98
51 Oct.
142 %b.
Omaha A St. Louis—4 g.,.1937
& J 445 a. 40 Oct.
50 Apr.
124 b.
Oregonlmpr. Co.—1st, 6 g.1910
& D 103 a. 92% Jan. 106% Sept.
118 b.
Consol., 5 g ...................... 1939
& O 52% 46 Jan. 65% Sept.
110 b.
Ore. R. A Nav.Co.—1st, 6 g.1909
& J 109% 101 June 109% Nov.
109 b.
Consol., 5 g . . . . ............... 1925
& D 71 b. 60 Jan. 76% Oct.
105 b.
Penn. Co.—4% g., coupon.1921
& J 110 % 106 Jan. 113% May
103 b.
Peo. Deo. A Evansv. —6 g.1920
& J 95 b. 74 Jan. 95 Aug.
130%b.
Evansv. Division, 6 g ... 1920 M & S 93 %b. 74 Mar. 95% Nov.
104
2d mortgage, 5 g..............1926 M & N 25 b. 19 Jan. 29 Oot.
91 b.
Phila. A Read.—Gen., 4 g.1958 J & J 76%
67% Jan.
80% Sept.
12934a.
1st pref. income, 5 g.......1958
28 b. 27 June 39% Mar.
75 b.
2d pref. income, 5 g .......1958
19 a. 18% May 27% Miar.
130 b.
3d pref. income, 5 g .......1958
15%
13% May 21% Mar.
121 b. 117 .Tan. 123 Oct. Pittsburg A Western—4 g. 1917
& J 80%
79% Nov. 88 Apr.
75 b. 69 Aug. 84% Apr. Rich. & Danv.—Con., 6 g .. 1915
& J 120 b. 106% Jan. 120 Oot.
17%a. 15 Jan. 20 Apr. Rich. AW.P.Ter.-Trust, 6g.l897 F <& A
t40 Jan. 170% Sept.
94 b. 93 Oct. 100 May
Con. 1st & col. trust,J5 g.1914 M & S
F18 Jan. 35% Sept.
91%
81% May 94 Aug. RioGr. Western—1st, 4 g.1939 J & J 70%
62 July
Nov.
93 b. 85% Aug. 94% Aug. St. Jo. A Gr. Island—6 g ..l9 2 5 M & N 60 a 159% Nov. 71%
69% Apr.
113 b. 113 May 115% Oct. St. L. A San Fr.—6 g., C1.B.1906 M & N 112%b. 101 Jan. 113%
Oot.
82 %b. 71 July 8334 Nov,
6 g., Class C..................... 1906 M& N 112%b. 101 Jan. 113% Oot.
25 a. 22 Aug. 27% Apr.
General mortgage, 6 g ..l9 3 1 J & J 99 %b. 82 Jan. 99% Nov.
100 a. 93 Feb. 102 Apr. St. L. So. West.—1st, 4s, g.1989 M& N 60
53 July 62% Apr.
104
2 d ,4s,g., in com e..........1989 J & J 18%
86% Jan. 107 Oct.
14 Aug. 20% Apr.
114 b. 96 Jan. 114% Oct. St.P. M. AM.—Dak. Ex., 6 g. 1910 M& N 118 b. 115% Jan. 121
Apr.
74 b. 66 Jan. 79% Apr.
1st consol., 6 g .................1933
& J 120
115 Jan. 122 Mur.
91
“
reduced to 4 % g..
90 May 93% Oct.
& J 102
97% Jan. 102% June
87 b. 68 Jan. 95 Aug.
Montana Extension, 4 g.1937
& D 38
84 Jan.
89% Apr.
63 %a. 60 Jan. 66% Sept. San Ant. A A.P.—lst,4g.,gu „’43
& J 56 b. 50% Jan.
59% Apr.
100 Feb. 103 Sept. So. Pacific, Ariz.—6 g.. 1909-10
& J 92 b. 88 July 94% Jan.
97 %b. 95% Feb. 101% Apr. So. Pacific, Cal.—6 g .. . . 1905-12 A & O 108 b. 104 July 109% Sept.
116%b. 109% Aug. 117 Nov.
1st consol., gold, 5 g .......1938 A & O
85% May
98 Apr.
71
60 June 71% Nov. So. Pacific, N. M.—6 g .......1911 J & J 100 b. 94% July 103 Oot.
90 a. 86 Jan. 95 Apr. Southern—1st cons, g., 5s.1994 J & J
86% Nov. 88% Nov.
87
69 a. 67 Nov. 85 Apr. Tenn.C. I. &Ry.—Ten.D.,lst,6 g A & O 75 a, 74 Nov. 85% Apr.
90
Birmingham Div., 6 g .. .1917 J & J 81
81 Jan. 90% Nov.
77 Jan.
87 Apr.
114 b. 110% Jan. 115% Oct. Texas & Pacific—1st, 5 g..2000 J & D 89%
72% Jan.
9Ó Nov.
119% 116% Oct. 121% May
2d, inoome, 5 g.................2000 March
25%
17% Jan.
28% Aug.
125 %b. 122 Jan. 126% Nov. Tol. Ann Ar. A N. M.—6 g.1924 M & N 80 b. 55 .Mar. 86% Oot.
'117 b. 113 Jan. 118 Oct. Toledo & Ohio Cent.—5 g.1935 J & J 110
103% July 110 Nov.
97 b. 93% Feb. 99% May Toledo Peo. & West.—4 g.1917 J & J 72 b. 68 July 84% Mar
109 %b. 108 Oct. 113% Mar. Tol. St. L. A Kan. O.—6 g.,1916 J & D t 60 i. t55% Aug. t64 Apr.
119 b. 112% Jan. 120 Sept. Union Paoiflc—6 g ..............1899 J & J 108% 103% June 111 Apr.
'108 a. 97 Jan. 110 Aug.
Ext. sinking fund, 8 ....... 1899 M & S 98 b. §0 June 103 Feb.
119 b. 109% Jan. 119% Nov.
Collateral trust, 4% ....... 1918 M& N t 40 b. 40 May 49 Jan.
76 b. 71 July 79 Sept.
Gold 6s, col. trust notes. 1894 F & A 87 b. 82 Jan. 92% Apr.
91%a. 76 Feb. 91% Aug.
Kan. Pao.-Den. Div., 6 g.1899 M & N 106 %b. 101 Jan. 109 May
83 %b. 82 Jan. 85 May
1st consol., 6 g ..............1919 M & N 78 a. 72 June 97 Mar.
108 %b. 107% Nov. 113% Mar.
Oregon Short Line—6 g..l922 F & A 87%
75 Jan.
92% Mar.
97%
83 June 100 Mar.
Or.S.L.AUt’hN.—Con.5g.1919 A & O 45 %b. 40 July 56% Apr.
' 50 b. 55 July 61 Apr.
U.P.Den.AGulf,con„ 5g.l939 J & D 39 b. 31% June 48% Apr.
94 b. 93% Jan. 99% Aug. U. S. Cord.—1st col., 6 g ..l9 2 4 J & J 67%
67% Nov. 87% June
121 b. 116 Jan. 122 Oct. Virginia Mid.—Gen.M., os. 1936 M<& N 92 %b. 70 Jan.
99 Oot.
107% 107 Jan. 111 Apr. Wabash—1st, 5 g . . . . ..........1939 M & N 103 %b. 102 Jan. 107% Apr.
121 b. 119% May 124% MTar.
2d mortgage, 5 g............1939 F & A 69 b. 65% Oot.
79 Apr.
106 %b. 106 Mar. 109 Sept.
Debent. M., series B .......1939 J &
21 Mar. 28% Apr.
129 b. 124 Jan. 131 Oct. West. N. Y. & Pa.—1st, 5 g.1937 J &
104 b. 97 July 104 Nov.
I l l b. 105% Feb. 111% Nov.
2d mortgage............ .....1 9 2 7 A & O t 24 %b. 18% Feb. 126 Aug.
83%
76 July 84% Nov. West. Un.Tel.—CoL tr., 5s.l938 J &
103 Jan. 109 June
8238b. 77% Aug. 83% Apr. Wise. Cent. Co.—1st, 5 g ..l9 3 7 J & **107%b.
56 a. 50% Aug. I 76% Mar.
46%
38 June 48% Apr.
Income, 5 g .................... 1937
6% Oct. I 18 Feb.
8 b.
Notb ,—“ b” indicates price bid ; “ a” price ashed; the range is made up from actual sales only. * Latest price this week, t Trust receipts.
111 Feb.
65 Oct.
18% Oct.
18% July
40% Oct.
2% July
80 Nov.
79% Nov.
105% Jan.
102 Jan.
32 Jan.
112% Jan.
121 Feb.
110% Jan.
105 Jan.
100 Feb.
108% Jan.
102 July
114% Feb.
115% Jan.
101% Jan.
70% June
84 Jan.
78% Jan.
96 Jan.
119 Jan.
97 Feb.
101% Jan.
90% Feb.
85% Jan.
115% Jan.
111% Jan.
118% Jan.
97 May
91% June
27% July
82 Apr.
126 Feb.
112 Jan.
111% Jan.
107 Jan.
101% Jan.
101 Jan.
105 July
89% Aug.
112% Jan.
138 Jan.
121 July
116 Jan.
107% May
106% Jan.
104 Jan.
97 Jan.
123 Jan.
97% Jan.
88% Sept.
119% Jan.
70 Mar.

115 July
77% June
38% Mar.
32% Mar.
53% Apr.
6% Mar.
107 Jan.
99% Apr.
112 Nov.
106 July
56% Nov.
115% June
124 Apr.
117% Aug.
111 May
103% Mar.
114 Nov.
107% Apr.
120% Aug.
119% Sept.
110 Sept.
78% Aug.
96% Oct.
89 Oct.
101% Sept.
124% Nov.
102 Apr.
105 Apr.
94% Apr.
92% Apr.
120% Nov.
118 May
124 Sept.
101 % Apr.
100% Apr.
35% Apr.
94 Nov.
131 Oct.
117 Oct.
118% Oct.
112 Nov.
108% June
109% Nov.
111 Nov.
92% June
120% Oct.
143 Oct.
127 May
121 Apr.
112 Mur.
112% Apr.
109 Apr.
103 Oct.
130% Nov.
104 Apr.
95 Feb.
129% Oct.
84 Jan.

NEW YORK STOCK EXCHANGE PRICES—(Continued).—IN ACTIVE BONDS—NOVEMBER 8 3 .
SECURITIES

Bid.

Ask.

Railroad Bonds.
Stock Exchange Prices.)
Alabama Mid.—1st, g., guar.. 1928
90
A. T. & S. F —2d, 4s, Class B.1989
Col. Mid. 1st, g., €s..............1936 *74
Atlantic & Danv.—1st g., 6 s..1917
A « . A Pac.—2d W. D., gu. 6s,.1907
Balt. A Ohio—1st, 6s, Park B.1919 120
» «rold.
...................... 1925 111 %




SECURITIES.

Bid. Ask.

B. AO.—Dons, mort., gold.5s.1988 115%
W. Va. A Pitts.—1st, g., 5s.. 1990
B. A 0 . 8. W., 1st, g., 4% s...l990 108
Monon. River, lstg .,g . 5 s... 1919
Oent’lOhio Reor-.—1st, 4% s.l930 104%
Ak. A Ch. Juno.—1st,g,5s,gu. 1930 103
Bost. H. Tun. A W.—Deb. 5s. 1913 *101
Brooklyn Elevated—2d, 5 s... 1915 50
Brunsw ck A W’n—1st, g. 4s, 1938 67
Buff. R^ h. A Pitt«,—Gen . 5a. I OS'? 96%

SECURITIES.

Bid.

Ask*

120 124
R.AP.—Rooh. t P., 1st, 68.1921
Roch. A Pitts.—Cons. 1st, 6s.l922 120% 121%
109% Burl Ced. Rap. A No.—1st, 58.1906 1C6
Consol. A collât, trust, 5 s ... 1934 96
Minn. A St. L.—1st, 7s, gu ..l92 7 134
Iowa C. A West.—1st, 7s___1909
Ï0 7 "
Ced. Rap. I. F. A N., 1st, 6S.1920 i o ( H
85 "9Ó "
55
1st, 5
s
................1921
75
C.Ohio—Col. ACin.M.Ist,4%s.l939
T iimir - O o l . v
IQSVf
97% '’•amt. RTS

...... B.

THE

912

CHRONICLE.

V ol . LIX»

NEH fO R K STOCK EXCHANGE PRICES.—IN ACTIVE BONDS—{C ontinued) —NO VEMBER 23.
SECURITIES,

Bid.

Ask

SECURITIES.

Bid.

Ask.

SECURITIES.

Bid.

Ask.

Nor. AW. (Cow.; New R .lst, 6S.1932
11D
Gal. Har. A San Ant.—1st, 6s. 1910
Cent, of N. J.—Cony, deb., 6s.l908
Imp. A Ext., 6 s ......______ 1934
100
2d mort., 7 s .................... — 1905
Central Pacific—Gold bds, 6s, 1895 102%
Adjustment M., 7s.............. 1924
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Gold bonds, 6s........ . ...........1896 102 %
Equipment, 5s......................1908
Ga. So. A Fla.—1st, g. 6s........ 1927
Gold bonds, 6s......................1897 103
Clinch Val. 1st 5s..............1 9 5 7
Grand Rap. A Ind.—Gen. 5s.. 1924
San Joaquin Br., 6s..............1900 105
62%
RoanokeASo.—1st, gu. 5s, g.1922
G. B.W. A St. P.—1st, con. 5s. 1911 53
Mort. gold 5s........ ............... 1939
12
5
Scioto Val. A N. E.—1st,4s,.1990 74
2d inc. 4s...................
1906
Land grant, 5s, g.................. 1900
Ohio A Miss—2d consol. 7 s ...1911
Housatonic—Cons, gold 5 s.... 1937 *117%
CaL A O. Div., ext., g. 5 s...1918
Spring.Div.—1st 7s............. 1905
N. Haven ADerby, Cons.5s..l918 * 112 %
West. Pacific—Bonds. 6s___1899 104
General 5s.......................... ..1932
106
Hous.
AT.
C.—Waco
A
N.
7S..1903
No. Kailway (Cal.)—1st, 6s.1907
Ohio River RR.—1st, 5s..........1936 100 101
1st g., 5s (int. g t d j............. 1937 105
50-year 5 s ........................ 1938 90
Gen. g.,5 s..............................1937
80
Cons. g. 6s (int. gtd)........1 9 1 2 100 101
Odes. & O.—Pur. M. fund, 6s. 1898 108%
Oregon A Califor.—1st, 5s, g .1927 ' 7 5 “ 80
95
Debent. 6s, prin. A int. gtd.1897
6s, gold, series A .................. 1908 119
86
Oreg.
RyANav.—Col.
tr.
g..5s.l919
83
Debent.
4s,
prin.
A
int.
gtd.1897
99
. Craig Valley—1st, g., 5s— 1940
Pan. Sink.F’d Subsidy—6s, g. 1910
Illinois Central—1st, g., 4s ...1951 108
warm Spr. Val., 1st, g. 5 s..1941
Penn.-P.C.CASt.L.Cn.g.4%sA1940 104
1st. gold, 3 % s.......................1951 100
Ghes. O. & So. West.—1st 6s, g.1911 111
Do
do
Series B . . . . . . 104 105
97% 98%
Gold 4 s . . . . . . ......... »............ 1953
Sd, 6s.......... .................
..1911
P. C. AS.L.-1 st,e. ,7 s ............... 1900
Cairo Bridge—4s.................. 1950
Oh.V.—Gen.con.lst,gu.g,5s.l938
Pitts. Ft. W. A 0.—1st, 7s... 1912 142
Springf. Div.—Coup., 6s___1898 106
Chicago & Alton—S. F., 6s— 1903 114
2d, 7 s .................................1912
Middle D iv —Reg« 5s..........1921 114
Lotus. A Mo. Kiver—1st, 7S.1900 116
3d 7s .
1912 130 134
. 0. St. L. A N. O.—Ten. 1., 7S.1897 108%
2d, 7s.......................
1900
Ch.
St. L. A R —1s"t,con"5 s, g." 19 3 2 112
1st,
consol.,
7s....................1897
108%
lo
fi*
St. L. Jacks. & Chic.—2d, 7S.1898
Clev. A P.—Cons., s. fd., 7s. 1900 117
2d, 6s............................ ....1 9 0 7
Miss.R. Bridge—1st, s. f ., 68.1912 105%
Gen. 4% s,g., “ A” ............ 1942
Gold, 5s, coupon............... 1951 117 120
QUO. Burl. A Nor.—1st, 5 s .... 1926 *103%
St. L. V. A T. H.—1st, 6s., 78.1897 108%
Memp, Div., 1st g. 4s.......1951
Debenture 6s.....................1 8 9 6 *95
2d,
7s.................................. 1898
108%
U
2
Ced.
FaUs
A
Minn.—1st,
7s.
.1907
106
103*
Ohio. Burling. & Q.—5s, s. ¿..1901 105*8
2d, guar., 7 s ....................1898
108%
Ind. D. A Spr.—1st 7s, ex. cp.1906
Iowa Div.—Sink, fund, 5 b. .1919 106
Gd.R,AI.Ext.—lst,4%s,G.g.
1941
106
Ind.D. AW.—1st 5s, g.,tr.reo..l947
98
Sinking fund,4s........ .....1 9 1 9
Peo.AE.-Ind.B.AW.-lst,pf.78.1900
2d, 5s, gold, trust receipts.. 1948
Plain, 4s...............................1921 88% 90%
Ohio Ind. AW.—lstpref. 5s. .1938
80
Ind. Ills. A Iowa.—1st, g, 4s.. 1939 79
Ohio & Indiana Coal—1st 5s. 1936 98%
Peoria A Pek. Union—1st, 6s .1921 109%
Int.AG.N’n—1st,6s,g............... 1919 116%
Chi. Mil. & St.P.—lst,8s,P.D-1898 113%
2d mortg., 4%s......................1921 64% 68
28
3 d ,4 s ,g .................................1921 20
Sd, 7 3-10s, P. D ........ ..........1898 119 123
Pitts. Cleve. A Tol.—1st, 6s... 1922
65
1st, 7s, $ g., R. D .................1902 126 127% Kings Co.-F.El. ,lst,5,g. ,gu. A. 1929
Pitts.
A L. Er.—2dg. 5s, “ A” . 1928
Lake Erie A West.—2d g., 5s. 1941 100 104
l let, I. A M., 7s......................1897 118% 120
Pitts. Mo. K. A Y.—1st 6s___ 1932 130
' lttt, I. A D., 7 s .................1 8 9 9 119 122% L. S. AM.Sou.—B.AE.—N ew 7s.’98 110 %
Pitts.
Painsv.
A F.—1st, 5S...19161
98
Det. M. A T.—1st, 7s............1906 126
1st ,C. & M .,7s............
1903 126
Pitts. Shen. A L.E.—1st,g.,5s.1940
Lake Shore—Div. bonds, 7s .1899 112%
1st, I. A D. Extension, 7s. ..1908 131%
Pitts.
A
West.—M.
5s, g.1891-1941
80*
Kal. All. A G. R.—1st gu. 58.1938 112
> 1st, La C. A Day., 5 s........1 9 1 9 107%
Pitts.Y’gst’nAA.—1st, os,con. 1927
Mahon’g CoalRR.—1st, 58.1934 115
t. 1st, H. A D .,7 s....................1910 125
55
103% Pres. A Ariz. Cent.—1st, 6s, g.1916
LehighV.,N.Y.—1st gu.g.4%s.l940
; 1st, H. & D., 5S....................1910 107
2d income 6 s........................ 1916
55
119% Lehigh V.Term.—1st gu. 5s,g. 1941 109 109%
n Chicago & Pacific Div., 6s.. 1910
Lehigh V’y Coal—1st 5s,gu.g.l933
109% Rio Grande So.—1st, g., 5 s ...1940
108
6i Mineral Point Div. 5s.......... 1910
St. Jos. A Gr. Is.—2d inc........1925
20
Litchf. Car. A West.—1st 6s. g.1916
95
r O. A L. Sup. Div., 5s............ 1921 107 108
Kan. C. A Omaha—1st, 5s.. 1927
Little Rock A M.—1st, 5s, g ..l9 3 7
Fargo A South,, 6s, A ssu...l924 116%
Long Island—1st, 7 s ............... 1898 109% 111% St. Louis A. A T. H.—
«In c. oonv. sink, fond, 5s. ...1916
Bellev. A So. 111.—1st, 8 s ... 1896 106
Ferry, 1st, g., 4%s............... 1922
99%
Dakota A G t. South., 5s....1916 107% 108%
Bellev. A Car.—1st, 6s.........1923
Gold 4s.................................. 1932
Mil. & Nor. mainline—6 s... 1910 118% 120
Chi.St.L.APad.—1st,gd.g.5s 1917
N. Y. A R’way B.—1st, g. 58.1927
Ohio» ANorw.—30-year deb.5s.1921
106%
St. Louis So.—1st, go. g. 4s. 1931
2d mortg., i n c . . . . . . . . . ___ 1927 37% 43
Escanaba <6 L. S. 1st, 6 s ....1901 111
do
2d incom e,5s.1931
N.Y.AMan.Beach.—1st, 7s, 1897 103%
Des M. & Minn.—1st, 7 s ....1907
Car. AShawt.—1st g. 4 s ....1932
N. Y.B. AM.B.—1st con. 5s,g. 1935 95% 101
Iowa Midland—1st, 8s........ 1900 118
Brookl’nAMontauk—1st, 6s. 1911 106% ...... St. L. A 8. F.—2d 6s,g., cl. A.1906 112 %
Peninsula—1st, oo n v .,7 s ...1898
General 5s.................
.1931
92
87
1st, 5 s ........................
1911 107%
Ohio. A Milwaukee—1st, 7S.1898 * 112 %
1st, trust, gold, 5s.__ . . . . . . 1987
41
67
Win. & St. P.—2d, 7s............1907 125 130 Louis.Evans.ASt. L.—Con.5s.1939
Consol, guar., 4s............... l990 44%
Louis. ANash.—Cecil. Br. 7s..1907 109 111
MIL A Mad.—1st, 6s........... 1905 114
Kan. City A 8.—1st, 6s, &...1916
E. H. A Nash.—1st 6s, g ....l9 1 9 112 »
Ott. C. F. & St. P.—1st, 5 s.-1909 107
Ft. S. A V. B .B g.—1st, 6 s ...1910 85
Pensacola Division, 6s........ 1920 107 112
northern 111.—1st, 5 s ...... 1910 107
Kansas Midland—1st, 4s, g.1937
St. Louis Division, 1st, 6s... 1921
Ch.B.I.&P—D.M.&F.D.lst4s.l905 *78
St. Paul A Duluth—1st,5 s ....1931 112
2d, 3s.................................. 1980
1st, 2%s............................. 1905 575a
2d mortgage 5s........ ........1 9 1 7 103
Nashv. A Decatur—1st,7s.. 1900 112% 115%
Extension, 4 s ................1 9 0 5
78
St. Paul Minn A M.—1st, 7s.. 1909 111
S. f.,6s.—S. A N. Ala.............1910 101
Keokuk A Des M.—1st, 5s.. 1923 96% 100
2d mort., 6s.................
,1909 118%
10-40, gold, 6s..............
1924 102 103
Ohio. & St.L.(Atch.)—1st, 6S..1915
Minneap. Union—1st, 6 s .... 1922
50-year 5s, g .,.......................1937 98 102
130%
Ohio. St. P .& Minn.—1st,6 s...1918
Mont. Cen.—1st, guar., 6 s ..1937 113
Pens. A At.—1st, 6s, g o ld ...1921 99
Bt. Paul AS. C.—1st, 6s.......1919 127
1st guar. g. 5s....................... 1937 101 102
Cellat. trust, 5s, g ............... 1931 102%
Ohio. A W. Ind.—1st, s. f., 6s.1919
East. Minn., 1st div. 1st 5s.1908 100
Lou.N.Alb.ACh.—Gen.m.g.5s.l940 *67
General mortgage, 6s.......... 1932 118%
69
WUmarASiouxF.—1st,
g,5s.l93s
Manhattan
Ry.—Cons.
4s.......1990
Cin Ham. A D.—Con. s. f ., 7S.1905 1 2 0 %
94
San Fran. A N. P.—1st, g., 5s. 1919 *87
Memphis A Chari.—6s, gold.. 1924 »58
2d, gold, 4 % s ...........
1937
Southern
R
ailw
a
y1st
con.
Tenn
lien,
7s___„.1
9
1
5
CMn. D. A Ir’n—1st, gu. 5s, g.1941 99%
114
East Ten. reorg. lien, 4-5S..1938 83
84
Mexican Cent. ConsoL—4s, g.1911
Clev. Ak. A Col.—Eq. A 2d 68.1930
Alaoama Central—1st 6 s ...1918 114% 121
1st, cons, income 3s, g ......l9 3 9
0.0.0. A St. L., Cairo div.—4s, 1939
......
Atl. A Char.—1st, pref., 7s.. 1897 100
Mex. International—1st, 4s,g.l942 *7 0 "
Bt.Lou.DiV.—Istool.ts’t4s,g.l990 90% 92
Income, 6s..................1 9 0 0
Mexican National—1st, g., 68.1927
Bpring.ACol.Div.—1st,g. 4s. 1940
Colum. A Green.—1st, 5-6s. 1916 100
WhiteW.VaLDiv.—lst,g. 4s. 1940 88 %
2d, income, 6s, “ A” ..............1917
E.
i'enn. V. A Ga.—1st, 7 s..1909 115% 116
2d, income, 6s, “ B ” . . . ....... 1917
Oin.Wab.AM.Div.—Ist,g.4s.l991 92
......
Divisional 5s......................1930 110
Michigan Central—6s..............1909 i l 7 ‘ ‘
din. I. St. L. A C.—1st,g.,48.1936 94%
Georgia
Pac.—1st, g. 5-6S..1922 109 115
Consol, 6s,.......
1920
Coupon, 5s............................. 1931 114
Rich A Dan —Eq. s. f. g. 5a. 19o9 94
96
Mortgage 4 s . . . . . . . . .............1940 103
(hn.San.ACl.—Con.lst,g.5s, 1928 105%
Deben.
5s, stam ped.........Ly2 7 90
Bat.C.A8trgis.—Ist,3s,g.gu.l989
93
CLOol. Cin. A Ind.—1st, 7s,s.f.l899 112% 115
Vir’a Mid.—Serial ser.A, 6 s.l9o6
Consol, sink, fund, 7 s . ...... 1914
Mil. L. S.AW.—Conv. deb., 5s. 1907 ’105** 107 ‘
Series B, 6s....................... J9rl
Mich. Div., 1st, 6s.................1924 128
Oleve. A Mah. V.—Gold, 5 s.. .1938
Seiies C, 6 s .......................1916
Ashland Division—1st, 6s ..1925 126% 130
OolumbiaA Green.—1st, 6s. ..1916
Series D, 4 -5 s_____
1921
Del, Lack. AW .—Mort. 7s___1907 *132%
Minn.A St. L.—1st, g. 7s........ 1927 134 137%
. Seiies E. 5 s . . . . . . . ............1926
BjTa. Bing. A N. Y.—1st, 7S.1906 130 131
Iowa Extension, 1st,7 s .....1909 123 125
Series F, 5s.........................1931
2d mortg., 7s........................ 1891
Morris A Essex—1st, 7 s ....1914 142 143
Wash.O. AW.—1st cur.gu.4s.1924 81
Bonds. 7 s..........
1900 117 119
Southwest Ext.—1st, 7s.....1910 168
West.No.Car.—1st con. g.6s. 1914 112 114
Pacific Ext.—1st, 6 s ............ 1921 115%
7 b of 1871.......
1901 118%
Ter.RJX. As’n of St.L.-lst,4=^23.193a 103
1st, con., guar., 7s............ 1915 142%
Impr. A equipment, 6s........ 1922
Texas ANew Orleans—1st,7s.1905
D. AH. Can—Pa. Div.,coup.,78.1917 144%
Minn. A Pac.—1st mortg., 5s. 1936
Sabine Division, 1st, 6s.......1912 105
Minn.St.P.AS.S.M—lstc.g.4s.l93S
Albany A Susq.—1st, gu.,7s. 1906 129 132
Consol. 5s, g ...............
1943 90
1st, cons., guar., 6s......... 1906 *118
MO.K.AT.—K.C.AP., Ist,4s,g.l990 67
Tex. A Pac., E. D.—1st, g. 6s. 1905
112
Bens. A Bar.—1st, coup., 7s. 1921
Dal. A Waco—1st, 5s, gu..,.1940
Third Avenue (N.Y).—1st 5s, 1937
Missouri Pacific—Trust 5s. ..1917 85%
Denver City Cable—1st, 6 s ... 1908
Tol. A. A. A Cad.—6s............... 1917
Deny. Tramway—Cons. 6s, g.1910
1st coll., 5s, g ....................... 1920
71
Toledo A. A. A G ’dTr.—g. 6S.1921 82
Metropol. Ry.—lst.gu. g.6s.l911
88
St L.AI. M.-Ark.Br.,lst, 7S.1895 * 102%
Tol.
A.
A.
A
Mt.
PI.—6s..........
1919
74
Denv. A R. G.—Imp.,g., 5 s...1928 *79
Mobile
A
Ohio—1st
ext.,
6s...1927
80
Tol.
A.
A.
A
N.
M.—5s,
g........1940
St.
L.
A
Cairo—4s,
guar.......1931
Duluth A Iron Range—1st 5s. 1937
37%
T.AO.C.—Kan. A M., Mort. 4s.l990
■rle—1st, extended, 7 s .......1 8 9 7 107* ........ Morgan’s La. A T.—1st, 6s....1920
77
2d, extended, 5s....................1919 115 116
1st, 7s..............
1918
124% Ulster A Del.—1st, con.,6.,5s. 1928 103% 104
Union Pacific—1st, 6s...........1896 106%
Bd, extended, 4%s— .......... 1923 ’108% 109 Nash. Chat. A St. L.—2d, 6s.. 1901
1st, 6s.................................... 1897 106%
4th, extended, 5 s .................1920 113% 114% N. O. A. No. E. -Pr. 1., g., 6S..1915 110
1st, 6s..................
1898 107% 108%
6th, extended, 4 s ............... 1928 ’ 103 103% N. Y. Central.—Deb. g. 4 s .... 1905 104 105
Collateral Trust, 6s........ ...1908
N. J. June—Guar. 1st, 4 s ...1986 102 104
1st, con., g., f’d, 7 s ............. 1920
90 „ , a M
Collateral
Trust,
5s..............1907
Beorg.. 1st lien, 6 s ............. 1908 105 110
Beech Creek—1st,gold, 4s.. 1936 105%
TO
Kansas Pacific—1st 6s, g. ..1895 105
Osw. A Rome—2d, 5s, g.,gu.l915 108
B. N. Y. A E.—1st, 7s........ .1916 130
1st, 6s, g ............. ; .............. 1896 106 106%
Utica A Bl. Riv.—4s, g., gu.1922 103
JT.Y. L. E. AW .—Col.tr.,68.1922 103 110
C. Br. U. P - F . o., 7s.......... 1895
Funded coup., 5s.................. 1969 *71%
N. Y. A Put.—1st. g., 4«. gu.1993 103 103%
Atch.
Col. A Pac.—1st, 6s... 1905 38
45
N. Y. N. H. A H.—1st, rev 48.1903 105
Buff. A S.W,—Mortg. 6S....1908 100
Atch. J. Co. A W.—1st, 6s... 1905
40
Jefferson—list, gu. g. 5s ....19 0 9 98
N. Y. A Northern—1st, g. 5s.. 1927 *116%
U.P.
Lin.
A CoL—1st, g., 5s. 1918
42
Ooal ARR.—6b........ ............ 1922
88%
........ N. Y. Susq. A West.—2d, 4%s.l937
Oreg.S.L.AU.N.,col.trst.,5s.l919 30
Dock A Impt.,lst 6s, cur’ cy.1913
Gen. mort., 5s, g ................ 1940
95%
Utah A North.—1st, 7 s ...... 1908 100
Eureka Springs—1st, g., 6 s ...1933
N. Y. Tex. A M ex—lst»4s,gu.l912
Gold, 5 s ...........................»1926
Evans. A T.H.—1st,cons., 6s.. 1921 i ’o o*’ i i o * ’ North’n Pacific—Divid’d scrip ext. 35
40
Utah Southern—Gen., 7s ..1909 80
90
1st, general, g., 5s . . . ...........1942
James River Val.—1st, 6s...1936
100
Extern, 1st, 7s.................. 1909 80
Mt. Vernon 1st 6s ............... 1923
90
Spokane A Pal.—1st, 6s.......1936 117
Valley R’y Co. of O.—Con. 6 s .l9 2 l
St.Paul A N. P.—Gen., 6 s..1923 117
E. AT.H.—8nl.Co.Br.lst,g.,58.1930
Wabash—Debenture, Ser. A .. 1939 - —
Ev. ARich.—1st gen.5s,g.gu.l93l 27%
Helena ARedM’n—1st,g., 6s. 1937
Det. A Chic. Ext. 1st, 5s, g ..l9 4 0
99
Evans. A Indian.—1st, cons.. 1926
82
DuiuthAManitoba—lst,g.6sl936 80
No. Missouri—1st, 7s.......... 1895 105
Flint A P. Marq.—Mort., 6 s ... 1920 113 115
Dul.AMan Dak.Div.—Ist6s.l937
80
St L.K.C.AN.—R.E.ARR.7S.1895 104%
1st con. gold, 5 s .................. 1939 80
Cceur d’Alene—1st, 6s, gold. 1916
100
St.Charle8Br’ge—1st,6s... 1908 105
Port Huron—1st, 5 s ............ 1939
Gen. 1st, g., 6s.................... 1938
100
89
West. Va. C. A Pitts.—1st, 6s.l911
Fla. Cen A Pen.—ls tg . 5s.. . .1918 105
Cent. Washington—1st,g.,6s,1938
Wheel.AL.E.—1st. 5s, gold ... 1926
103
1st con. g., 5 s ....................... 1943 97%
Norfolk A South’n—1st, 5s,g.l941 105
Extension A Imp, g., 5s...... 1930
Ft Worth A R. G.—1st g., 5s..1928 *58
Norfolk A West.—General, 6 s.1931 116 121
—
No price Friday; these are the latest quotations made this week. F o r m iscellaneous a n d U n listed B o n d s.—See 3d page preceding»




THE

N o v e m be r 24, 1894.]

CHRONICLE]
R oads .

913
Latest Lam ings Reported.

Weekor Mo\ 1894.
'AKD

R a ilr o a d

% n tû ïïQ m u .

The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con­
tains^ extended tables o f the Stocks and Bonds o f Railroads,
and,other Companies, with remarks and statistics concerning
the income, financial status, etc,, o f each Company, It is
published on the last Saturday o f etiery other month—viz.,
January, March, May, July, September and November, and is
furnished without extra charge to all regular subscribers o f
the C h r o n ic l e .
2 he General Quotations o f Stocks and Bonds, occupying six
pages o f the C h r o n ic l e , are published on the t h i r d S a tu r ­
d a y o f each month.

RAILROAD

EARNINGS.

Latest Earnings Reported.
Weekor Mo

1894.

Adirondack___ Septemb’r.
15,936
Ala. Midland... Septemb’r.
46,768
Allegheny Val.. Septemb’r. 212,267
Ark. Midland... Septemb’ r.
5,919
Atoh.T.&S. Fe. 2d wk Nov. 680,000
St. L. & San F. 2dwkNov. 127,304
Atlan tic A Pac 2d wkNov.
79,490
Col. Midland.. 2dwkNov.
31.961
Agg. total... 2d wk Nov. 919,314
AtlantaAOhar. a Jun e........
46,902
Atlanta A W. P Septemb’r.
41.386
Atlan. A Danv.. 2d wk Nov.
13,733
Austin A N'west Septemb’r.
23,295
B. AO. EastLines O ctober... 1,616,651
Western Lines O ctober... 486,876
Total............ O ctober... 2,103, 27
Bal.&O.Sou’ w.d 2d wk Nov. 129,814
Bath A Ham’nds Septemb’r.
4,848
Bir. A Atlantic.. O ctober...
1,664
Brooklyn Elev.. WkNov. 17
32.767
Brunsw’k&West Septemb’r.
43.961
Bad. Booh. APiti 2d wkNov.
62,169
Bar.C. Rap. A N October... 409.997
Camden A A tl.. Septemb’r.
86.682
OanadianPacitie 2d wkNov. 437.000
Oar.Cum.GACb. Jun e........
5,028
Oar. Midland.... October...
7,378
Central of N. J.„ Septemb’r. 1,027,007
Central Pacific.. Septemb’r. 1,318,628
CentralofS. G.. J u ne........
5,65
Char. Cin. AChio. O ctober...
16,530
Charles t’ nASav. Septemb’r.
35.163
Ohar.Sum.A No. October...
18,600
Chat’qaa Lake.. Septemb’r.
4,448
Gheraw.ADarl.. Septemb’r.
9,045
Ches.& Ohio.. . . 2d wkNov. 179,634
Ches. O. A So. W. Septe.ub’r. 203,479
Ohio. Bar. & No. Septemb’r. 225,689
Chic. Bar. A Q.. Septemb’r. 2,829,845
Chic.& East. Hi. 2d wkNov.
88,397
Chicago A Brie. Septemb’r. 204,083
Ohio.Gt. West’n 2d wkNov.
71,235
Ohio.Mil.A8t.Pf 2dwk Nov. 564,410
Ghlo.AN’thw’n / October... 2,905,333
Ohio.Peo.A8.L... 2d wkNov.
20,226
Ohio.R’kI.& P.. October... 1,617,151
Ohio.St.P.M.&O. October... 806,700
Ohio. A W. Mich. 2d wk Nov.
29,982
Cin. Ga. & Ports. October...
6,463
Cin. A Kent. Sou Septemb’r.
979
Cin. Jaok& Mac. 2d wkNov.
12,314
dn .N . O. AT. P. Septemb’r. 296.000
Ala. Gt. South. Septemb’r. 124.000
N.Orl. A N . E. Septemb’r.
89.000
Ala. A Vioksb. Septemb’r.
44.000
Vicks. Sh. A P. Septemb’r.
47.000
Erlanger Syst. Septemb’r. 6('0,000
Cin. Ports. & V.. Ootober...
25.386
Col. & Maysv. O ctober...
930
Olev.AkronAOo. 2d wk Nov.
15,776
Cley. Can. & So. 4th wk Oct
23,499
CL Gin. Oh. AS. L. 2d wkNov. 261.444
Peo. & East’n. Septemb’r. 150.699
CLLor. & Wheel. 2d"wkNov.
27,656{
OoL Newb. A !.. J u n e. . . . . .
4,461
Col. H. V. & Tol. October. .. 307,811
CoLSand’y & H. -d wkNov.
18,379
Colusa & Lake.. October...
1,700
Crystal_____. . . Septemb’r.
1.180
Oamb’ld Valley Septemb’r.
80,247
Current River.. 1st wk Nov
2,704
Deny. & Rio Gr 2dwk Nov. 150.800
Oet.Laus’gANo 2d wk Nov.
22,021
DuluthS.S.AAtl. 2d wkNov.
30,089
Elgin. JoLAEast October... 107,163
Eureka Springa. Septemb’r.
6,651
EvansAlnd’ plis 2d wkNov.
5.468
Evans. & Rich.. 1st wk Nov
2,203
ErauSV. A T. H. 2d wkNov.
20,548
Fitchburg........ Septemb’ r. 653,788
Flint A P.Marq.. 2d wkNov.
45.243
Florence............ Ju n e. . . . . .
11,441
Fld.Cnt. A Panin O ctober... 176,858
Ft. W. A Rio Gr October. "..
81.167
Gads. A Att.'U.. October...
576
Georgia R R ..... 3d wk Nov.
38,392
Ga. CaPta A No- Septemb’r.
58.586
Geo. So. ScF la ... October...
82.000
Georget’n A W’ a J u n e........
2,626
Gr. Rap. AInd.. 2d wk Nov.
37,192
Cin. R. A Ft. W. 2d wk Nov.
8,229j
Traverse City. Id wk Nov.
5791
Mas. G. R. & I. 2dryk "V.
1,809
Total all lines. 2d wk Nov.
47.8091




1893.

fan . 1 to Latest Date.
1893.
1894.
s
$
129,090
134,338
397,914
350.088
1,567,234 1,894,653
52,459
55,432

15.132
40,848
180,862
5,163
761,679
137,564
66,604
23.133
989,539 33,332,902 41,612,149
375,101
320,884
53,309
334,04^
40,747
302,438
11,594
166.002
180,110
24,694
,613,355 14,047,968 15,906,569
699,366 3,846,900 5,485,155
,312,721 17,894,868 21,391,724
118,900 5,437.245 5,849.208
18,992
19,564
4.181
17.605
24,726
2,289
1,513,923 1,617,366
34,45
31,718
64,612 2,335,142 2,990,375
524,086 3,080,362 3,443,819
76,422
716,505
757.208
5ol,000 16,168,983 18,261,015
22,788
28,315
3,568
49.856
48.782
8,476
,214,792 9,059,103 10.915,072
,433,429 9,618,686 10,797,693
54,954
7,649
47,433
124,191
15,019
134,163
481,866
473,213
31,017
134,571
127,157
14.900
5,563
44,598
33,838
54,671
64.697
7,127
183,886 7,856,436 8.747,180
187,050 1,524,812 1,716,763
198,203 1.301,549 1,719,646
,520,194 23,380,723 28,521,972
75,585 2,878,023 3,969,872
351,461 1,644,951 2,365,098
87,188 3,176,514 3.934,343
758,671 24,912,791 29.702.603
,679,741 24,573,938 18,349,880
858.335
782,247
17.138
,143,294 13,737,641 16,601,262
990,830 6.072,834 6,743,524
34,995 1,388,281 1,677,214
58,588
57,851
6,634
9,635
7,434
812
589.744
547,879
12,628
307,048 2.494.000 2,957,037
996,000 1,251,959
121,244
958.745
793.152
88,579
380,523
40,912
357,453
360,201
363,097
37,593
595,376 5.001.000 5,906,104
223,892
211,026
23,042
12,396
9,194
1,156
859,665
17,574
753,206
26,408
246,986 11,041,949 12,072.536
174,929 1,163,263 1,291,093
19,812 1,088,544 1,268,588
33,611
42,224
3,771
322,080 2,351,977 2,898,863
714,311
709,640
16,124
21,455
18,167
2,100
11,713
7,876
1,391
665,679
583.985
80,186
98,948
108,518
2,779
150,700 5,789,477 6,804,641
23,425 . 945,804 1,158,859
26.458 1,501,340 1,888,578
784,787
858,645
102,827
59,592
51,442
4,646
321,823
240,381
6,006
111,310
91,738
1,525
954,915 1,158,784
21,465
621,201 5,084,932 5,503,263
46,359, 2,097,758 2,432,786
80,175
88,053
9.911
1,929,080 1,287,662
124,28
297,000
272,268
44,863
8.005
5,537
574
35,966 1,169,640 1,232,203
352,862
482,362
43,100
658,t73
715.578
68,650
23,417
18,394
3,976
43,331 1,651,986 1,959,121
385,322
355,510
7,751
47,960
40,239
993
121,008
93,324
2,173
54.248 2,141,059 2,513,411

1893.

Jan. 1 to Latest Date.
1894.
1893f
g
15,958,774 17,901,879
2,344,498 3,775,342
871,223
974,721
10,865
11,454

Grand Trunk__ WkNov. 17 403.325 430,475
Chic. Sc Gr. Tr. WkNov. 10
64,464
49,618
DetGr.H.AM. WkNov. 10
21,004
19,260
Gr.P.Wal. ABr. June........
2,445
2,097
Great North’n 8t. I .M . AM . October-.. 1,767,377 .,683,118 9,593,770 11,038,856
East. Of Minn October... 223,772 204,766
974,312 1,068.129
Montana Cent October... 156,818
90,039 1,246,953
930,266
Tot. system. October... 2,147.967 .,977,923 11,805,035 13,037,251
Gulf & Chicago. October. ..
35,413
33,922
5,339
5,204
Hartsville........ June........
419
3,915
5,860
308
Hoos.Tun.&Wil. August__
3,849
3,784
Hous. E.AW.Tes Septemb’r.
288,897
30.756
298,079
40,207
97,000
14,180
Humest’n&Sben October. ..
111,917
10,000
Illinois Central. October... 1,799,761 ¡,668,344 14,709,761 18,438,583
35,615
Ind.Deo. A West, October...
336,386
375,802
39,011
la. A Gt. North’n 2d wkNov. 107,114
90.611 3,034,442 3,453,603
Jlnteroo. (Mex.) WkNov. 3
36.943 1,976,075 1,785,390
44,979
42,521 1,451,082 1,646,672
Iowa Central. . 2d wkNov.
37,443
3.653
Iron Railway... October...
34.068
4.090
32,620
Jack. T. & K. W Septemb’r.
34,999
585,275
39,374
592,018
KanawhaAMich 2d wk Nov.
6.249
331,950
309,410
8,194
261,432
5,389
Kan.C. Cl. A8p. lstw k Nov
222,973
7.768
K.C.F.S-AMem lst.wk Nov
93.580 3,194,453 3,633,552
75.501
K.C.&T. Air Line 2d wkNov,
1,499
1,728
K.C.Mem.ABir lstw k Nov
911,092
849,457
27,528
22,425
305,766
K. C. Pitts. Sc G, lstw k Nov
5,096
7,314
142,703
6,812
Kan.C. Sub.Belt 2d wkNov
227.802
212,963
5,649
239,142
Kan.C. N W . . . . October...
33,755
23,878
265,805
1,183
Kau.C.ABeat. October.
10,319
11,029
1,307
7.442
312,717
Keokuk & West 1st wkNov
334,026
5,789
7,221
62,857
L. Erie All. Sc So. October...
65.501
8,946
61.671 2.874.864 3,100,892
L. Erie Sc West.. 2d wkNov,
67.961
62.820
325.802
481,354
Lehigh St Hud.. October...
41,918
Long Island— O ctober... 326.763 332.599 3,516,404 3,632,891
152,702
9,868
Los Ang. Term. October.
122,207
14,555
37.333
212,242
277,191
35,824
Louis.A Mo.Riv. August ...
28,977 1,235,925 1,493,712
Louis.Ev.&St.L. 2d wkNov.
27,010
Louisv. ANash v . 2d wkNov. 432,720 406.020 16.728,033 17,856,026
63.189 2,491,311 3,096.784
Louis.N.A.&Ch 2d wkNov.
58,916
367.574
7,673
Lou. St. L. A Tex 2d wkNov.
476,564
8,111
Macon A Birm.. October...
55.550
61.951
6,228
7,363
5,630
898
Manches A Aug. June........
7,617
981
71,294
558
57.587
Manistique....... October...
1,956
33,126 1,096,642 1,198,090
MemphisAChas. 2d wkNov.
29,270
IMexican Cent. 2d wkNov. 164,092 156,026 7,276,809 6,844,647
Mexican Inter’l. August___ 148,579 141.000 1,380,203 1,358,612
75.757 3,687,399 3,689,525
82,901
tMex. National. 2dwk Nov.
472,632
Mex. Northern. Septemb’r.
56,174
51.447 2,645,020 2,600,805
IMexican R’ wav WkNov. 3
54,356
199,412
272,677
12,261
12,750
Mexican S o ..... 4th wk Cct
Minneap.ASt.L. October. •.. 212.972 201,745 1,462,188 1,494,967
Mo.Kan.ATex.. 2d wkNov. 295,892 247,139 8,783,511 8,827,718
Mo.Pao.AIronM 2d wk Nov. 474,389 494,367 19,359,993 21,612,293
245,585
252.197
7,128
7,742
Mobile A Birm. 2d wkNov.
Mobile A Ohio Ootober... 316,629 302.110 2,596,734 2,652.318
84,817
825,721
923,607
Mont. A Mex.Gif October... 115,000
Nash.Ch.A8t. L. October... 425,998 394,688 3,798,«76 3,968,207
31,272
2,646
18,081
1,548
Nevada Central Septemb’r.
31.915
N. Jersey AN.Y. Septemb’r.
30.063
77,572
11,074
97,711
NewOrLASo’ n .. October...
9.674
N.Y.C.AH.R— O ctober... 3.836,230 1,350,294 34,315,494 39,232,955
N. Y. L. E. A W. August___ 2,274,224 2,523,535 15,673,504 19,526,552
N.Y.Pa.AOhio.. August.... 569,445 611,097 3.582,366 4,802,330
82,377 3,289,023 3,458,453
79,506
N.Y.Ont. A W_. 2d wkNov.
131,552 158,812 1,079,502 1,155,855
N.Y.8USCL. A W .. August__
29,362
323.424
Norf. ASouth’ n. Septemb’r.
327,786
28,890
Norfolk A West. 2d wkNov. 232,338 215.111 8,944,706 8,748,905
33 T,703
43,872
376,747
37,384
N’theast’n (S.C.) June........
North’ nCentral. Septemb’r. 559,588 582,547 4,353,376 5,208,899
North’ n Pacific. 2d wkNov. 455,015 393,9' I 14,543,922 17,639,607
17,211
23,663
3,503
2,889
Oconee A West. October...
611,056
688,239
17,296
17.397
Ohio River........ 1st wkNov
14,097
19,461
Ohio Southern.. 2d wkNov.
259,373
40.201
367,090
32.104
Omaha A St. L .. August....
Oregonlmp.Co. Septemb’r. 308.664 368.820 2,842.701 2,9<*2,600
Pennsylvania... Septemb’r. 5,498,083 >,394.510 42,244.640 50,303,951
732,984
784.606
16,921
16,761
Peoria Deo. AEv. 2d wkNov.
408.650
396,314
38,268
37.538
Petersburg........ Septemb’r.
2,887,264
464.387
3.902,172
Phila. A Erie... Septemb’r. 392.409
Phila. & Read’g. Septemb’r. 1,785,151 L,946,596 14,657,384 16.785,177
Coal Air. Co... Sept^mb’r. 1,793,034 2,290,003 15,248,133 16,994,596
TotalbothCos. Septemb’r. 3,578,185 1,236,599 29,905.517 33,779.773
29,029
1,876
29,366
4,293
Pitts. Mar.ACh. O ctober...
382,352
415,751
48,663
55,339
Pitt. Shen. AL. E. October...
Pittsb. A West.. October... 162,249 124,793 1,149,789 1,244,786
56 L,720
717,592
84,245
79,288
Pitts. Cl.AToi. O ctober...
279,265
280,976
31,230
49.415
Pitts. Pa. A F. O ctober...
40,471 2,137,956 2.367,321
54.650
Total system.. 2d wkNov.
938,361 1,142,703
87,626
Pitt. Young, AA. O ctober... 159,989
181,000
174,357
16,106
16,137
Pt. RovalA Aug. A ugust....
17,305
158,635
174.414
25,726
Pt.Roy.AW.Car. J u n e........
230,679
193,322
24,191
O
ctober...
21,985
Quinov O.A K.O,
572,931
521,646
50,481
51,612
Rioh.Fr’k8b.AP. Septemb’r.
250,905
262.381
•
25,555
Septemb’r.
26.392
Rich. A Petersb.
420,843
319.S19
7.057Ì
8.259
Rio Gr. South’ n 2d wkNov.
46,000 1,834,334. 1,980,961
40.100
Rio Gr. West’ n . 2dwk Nov.
100.974
107,953
12,252
11,' 08
Sag.TuscolaAH. O ctober...
71,008
64,006
7.902
7,402
Sept
mb’r.
Sag.Val. A St. L.
28,050 1,160.672 1,336,075
32,500
St. L. A. A T. H. 2d wk Nov.
22,782
Ootober...
23.618
3.014
4,191
8t.L.Ken’etASo.
8t.L.Southw’rn. 2d wkNov. 139,100 125,700 3,956,044 4.234,218
1,468,987
1,209.019
192,946
O
ctober...
163,783
St. Paul A Dul’tb
San Ant. A A. P Septemb’r. 265,395 188,521 1.226,742 1,286,049
716.753
7-2,715
14,537
13,257
S.Fran. A N.Pao. lstw k Nov
419,657
389.676
6,993
13,195
Sav. Am. A Mon. 1st wkNov
2,303.339
2,371.712
222,130
Septemb’r.
273.326
Sav.Fia. A West.
257,570
268,085
7,734
9,180
Sher.Shrev.A So 2d wkNov.
55,326
36,317
8,864
6,500
811verton.......... O ctober...
114,921
146,5 0
16,830
19,231
South Bound,. June___ :.
587,639
679,049
81,195
68,000
South Car. AGa. Jun e........
So. Pacific Co.—
,944,971 3,086.411
Gal.Har.AS.A September. 419.507 323,494
800,280
701.275
80,8 ü9
Louis’a West,. Septemb’r. 108,495
,953,970 3,701,964
379,853
Morgan’ sL AT Septemb’r. 501,413
179,611
178,584
29,107
29,347
N.Y.T. A Mex. Septemb’r.
,102,532 1.318,865
Tex. A N. Orl.. Septemb’r. 139,403 120.503
,977,943 9.176,031
Atlantic sys.ft Septemb’r. 1,226,076 951,055
,8 8,937 26,249.807
Pacific system Septemb’r. 3,027,421 3,291,870
.816,880 35,425,838
Total of all Septemb’r. 4,253,497 4,242.925
,638,536 8,068.771
So. Pac of C»1 Septeihb’r. 792,705 1,002,411
,478,364 1,4 >2.781
So.Pac.of Ariz Septemb’r. 196,679 152,589
700,665
671, 50
70,877
81,445
So.Pao.ofN.M Septemb’ r.
October,
785.227 1,058,118
121,982
114
285
Summit Branch,
909,877
711,7 6
Lykens Valley Ootober... 109.204 114,593
,496,943 1,967,995
Tot’l both Co’s Ootober.., 223,489 239.575

914
|Ro ad s .

TH E
Latest Earnings Reported.
Week or Mo

1894.

1893.

CHRONICLE.

Jan. 1 to Latest Date.
1894.

[V ol . t l x ,

2d week o f November.

1893.

Southern Ry eRich. & Dan.
Char. C. & A.
Col.& Gr’nv. 2d wkNov. 393,730
388,405 15,219,759 15,705,311
E.T.Va.&G.
Louisy. So..
Georgia Pao
South&Nor.Car, J u n e........
603
596
6,212
13,431
Spar. Un. & Col. Ju n e........
64,501
9,448
9,251
55,175
Staten Isl. R. T. Septemb’r,
93.664
94,057
820,033
843,756
8tonyCl.&CMt.. Septemb’r,
4,953
5,000
41,739
38,650
Texas & Pacific. 2d wkNov, 219,434 198,989 5,984,549 6,018,913
Iex.S.Val&N.W October...
6,189
6,161
36,900
44,483
Tol.A.A.&No.M. 3d wkNov.
23,523
20,825
935,346
955,479
Toi. & Ohio Cent 3d wkNov.
36,575
35,409 1,610,603 1,772,448
Ibi. P. & West. 2dwk Nov
20,938
17,670
854,340
777,268
Tol.St.L.&K.C 2d wkNov.
64,611 1,395,186 1,590,070
62,1681
Ulster & D el.... Septemb’r.
40,165
43,565
334,652
320,074
». nion Pacific—
Un. Pac. R R .. Beptemb’r. 1,498,014 1,607,011 10,609,775 12,776,088
Or.S.L. & U. N Septemb’r. 485,733 415,455 3,678,834 4,518,818
St.Jos.&Gd.Is. Septemb’r.
82,222
62,528
737,702
604,342
Kan.C.&Om. Septemb’r.
78,202
11,160
5,855
124,793
Tot.8t.J.&G.I. 2dwk Nov.
15,713
999,256
20,659
767,509
Cent.ßr......... Septemb’r.
42,203
28,968
298,613
358,058
Ach.Col.&P. )
30,756
277,907
37,548
386,016
Ach. J.C.& W > Septemb’r.
Montana Un.. Septemb’r.
35,207
265,083
51,246
602,625
Man. Al. <&Bur. Septemb’r.
3,972
3,656
31,149
31,071
Gr’d total. *c Septemb'r. 2,266,162 2,392,506 16,970,216 20,765,445
Or.Ry.&N.Co Jun e........
97,677 337,961 1,228,091 1,855,510
U. Pac. D. & G. Septemb’r. 265,257 248,553 1,996,284 2,708,375
74,044 120,174
F tW ’th&D.C. J u ne........
513,654
760,866
W abash..:......... 2d w kN ov 231,974 279,240 10,024,210 12,178,914
Waco &Northw. Septemb’r.
36,039
20,815
142,949
143,949
West Jersey...... Septemb’r. 148,530 156,586 1,242,203 1,365,113
W.V.Cen.&Pitts October...
92,772
832,134
99,578,
986,568
34,282
West Va. & Pitts. August__
243,351
35,398
271,453
Western of Ala.. Septemb’r.
50,570
43,258
367,922
338,236
West. Maryland. Septemb’r. 128,316 130,857
936,534
929,937
West.N.Y. &Pa. 1st wkNov
64,400
64,600 2,643,000 3,049,569
Wheel. & L. Erie 2dwkNov.
26,283 1,077,104 1,331,986
25,315
Wil.Chad.&Con, June........
2,131
2.1511
11,344
11,485
44,543
239,424
38,640
Wil. Col. & Aug. Jun e____ _
336,415
7,960
Wrightsv. & Ten. July..........
5,194
42,410
44,103
t Includes Milwaukee & Northern for all periods.
* Figures given do not include Oregon Ry. & Nav., Uu. Pac. Denver &
Gulf, Denver Leadville & Gunnison and Leavenworth Topeka & South­
western.
a Figures cover only that part of mileage located in South Carolina
b Includes earnings from ferries, etc., not given separately, i M exi­
can currency, c Includes only half o f lines in whiob Union Pacific has
a half interest, d Includes Ohio & Mississippi in both years, e Covers
4,338 miles in both years. / In June, July and August Mil. Lake Shore
& West, included for 1894, but not for 1893; for previous months and
for September this road is included in both vears.

1894.
$

Riohm’d & Danville
Char. Col. & A u g...
Columbia & Greenv.
Georgia Pacific....
EastTenn. Va.&Ga.
Louisy. Southern...
Texas & Pacific.............
Tol.Ann Arbor &N.Mich.
Toledo <fc Ohio Central...
Toledo Peona & West’n..
Toledo 8t. L. & Kan. C...
Wabash................... ........
Wheeling & Lake E rie..
Total '68 ro a d s ).......
Net decrease (2*29 p. o.'.

1893.

Increase.

$

Decrease.

$

$

393,730

388,405

5,325

210.431
22,056
44,066
20.938
62,168
231,974
25,315

198,989
22,555
40,188
17.670
64,611
279,240
26,283

20,445
3,878
3,238
..........

7,574,517 7,752,137
1
.. J

347,337
. . . . .. .

----------4992,443.
47,266
963
524,957
177,620'

For the first week of November our final statement covers
79 roads, and shows 4*62 per cent loss in the aggregate.
1st week 0/ November.

1894.

1893.

Previously rep’d (63 r’ds)
Aten. Top. & sail. Fe.......
St. Louis & San Fr........
Atlantic & P acific......
Colorado Midland........
Brooklyn Elevated.........
Chicago & Gr. Trunk......
Clev. Lorain & Wheel ...
Det. Gr. Hav. & Milw__
Evansville <fc Richmond..
Kan. C. Mem. & Birin___
Kan. City Pittsb. & Gulf.
Keokuk & Western..........
Northern Pacific.............
8 c. Louis Alt. & T. Haute.
San Francisco & No. Pao.
Savan. Amer. & Mont....

$
6,065,125
653,063
130,240
80.070
24,813
31,267
49.618
33,225
19,260
2.203
22,425
7,314
5,789
510,752
25,050
13,257
13,195

*
6,396,681
740,253
137.556
65,266
23.932
32,193
61,464
28,286
21,001
1,525
27,523
5,096
7,442
460,595
26,120
14,537
6,993

Total (79 roads)............ 7,686,666
Net decrease (4-62 p.c.)..

8,059,471

Increase.
176,235
14,804
881
4,939
’ "6 7 8
2,218
5(k 157
"è",202
256,114

Decrease.

$

507,791
87,190
7,316
926
14,8461,744
*5*iÖ31,653
1,070
1,280623,919
372,835-

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

Period and number o f
1894.
1893.
roads included.
$
$
Oct.— 1st week (73 r’ds). 7,804,813
8,034,361
“
2d week (74 r’ds). 8,093,064
8,453,380
“
3d week (76r’ds). 8,513,897
8,958.710
4th week (78 r’ds). 12,302,703 12,196,043
Nov.—1st week (79 r’ds). 7,636,666
8,059,471
“
2d week (68 r’ds). 7,574,517
7,752,137

- Changes.Amount.
$
P. ct.
229,548 Deo.
2-80“
360,316 Dec.
4-26
444,813 Dec.
4*96
106,660 Tuo.
0-87
372,805 Dec.
4-62
177,620 Deo.
2*29*

Latest Gross Earnings by Weeks.—The latest weekly earn­
ings in the foregoing are separately summed up as follows:
For corresponding weeks last year losses were as follows,
Our preliminary statement of earnings for the second week the roads, however, not being quite the same as those included,
of November covers 68 roads and shows a loss of 2’29 per cent. in the present year’s comparisons :
2d week of November.

Atlantic & Pacific......
Colorado M idland....-,
Atlantic & Danville......;.
Balt. & Ohio Southwest.
Brooklyn Elevated..........
Canadian P acific...
Chesapeake & Ohio
Chicago & East. Illinois.
Chicago Great Western..
Chicago Milw. & St. Paul.
Chic. Peoria <& St. Louis.
Chic. & West Michigan...
Cin. Jackson & Mackinaw
Cleve. Akron & Columbus
Oleve. Cin. Chic. & St. L ..
Clev. Lorain & Wheel
Col. Sand’sky & Hocking.
Denver & Rio Grande...
Detroit Lans’g & North’n
Duluth So. Shore & Atl
Evansv. <feIndianapolis..
Evansv. & Terre Haute..
Flint & Pere Marquette.
Georgia ...........................
Grand Rapids & Indiana
Cin. Rich. & Ft. Wayne
Traverse C ity..............
Mus. Gr. Rapids & Ind.
Grand Trunk of Canada.
Intern’l & Gt. North’n ...
Iowa C e n tr a l.............
Kanawha & Michigan....
Kan.C.& Indep.Air-Line.
Kan. City Sub. Belt........
Lake Erie & W estern....
Louisv. Evansv. & St. L
Louisville & Nashville...
Louis. N. Albany & Chic.
Louisville St. L. & Texas.
Memphis & Charleston..
Mexican Central.........
Mexican National...........
Mo. Kansas & Texas.......
Mo. Pacific & IronM t__
Mobile & Birmingham...
New York Ont. & West’n.
Norfolk & Western........
Northern Pacific.............
Ohio Southern...............
Peoria Dec. & Evansv...
Pittsburg & Westem.. . . .
Rio Grande Southern__
Rio Grande W estern.....
St. Joseph & Gd. Island.,
ßt. Louis Alton & T. H ..
St. Louis Southwestern..
Sherman Shreve. ■& So...




j

1894
$
680,000
127,304
79,49(
31,961
13,733
129,814
32,767
62.16S
437.00C
179,634
83,397
71,235
564,410
20,226
29,982
12,314
15,776
261,444
27,656
18,379
150,800
22,021
30,089
5,468
20,548
45,24d
34,127
37,192
8,229
579
1,809
403,325
107,114
37,443
8,194
1,723
5,649
67,961
27,010
432,720
58,916
8,111
29,270
164,092
82.901
295,89 i
474,389
7,742
79.506
232,338
455,015
19,461
16,761
54,650
8,259
40,100
15,713
32,500
139,100
9,180

[

1893.
$
761,679
137,564
66,604
23,133
11.594
118,906
34,457
64,612
501,000
183,886
75,585
87,188
758.671
17,138
34,995
12,628
17,574
246,986
19,812
16,124
150,700
23,425
26,458
6,006
21,465
46.359
38,011
43,331
7,751
993
2.173
430,475
90,611
42,521
6,249
1,499
6,812
61,671
28,977
406,020
63,189
7,673
33,126
156,026
75,757
247,139
494,367
7,128
82,377
215,111
393,971
14,097
16,921
40,471
7,057
46,000
20,659
28,050
125,700
7,734J

I Increase.
$
12,886
8,828
2,139
10,908

12,812
3,088

14,458
7,844
2,255
100
3,631

478

16,503
1,945
229
6,290
26,700
438
8,066
7,144
48,75 j
614
17,227
61,014
5,361
14,179
1,202
4,450
13,400
1.446J

Decrease.

Loss LAST TEAR m
September.
October.
November.
Dollars.
P. Cl. Dollars. P. Ct.
Dollars.
P. Ct.
517,851
6-51
1,118,606 14-38
369,364 4-77
4-94
900,295 11-40
402,646
162,950 I2-0®
*46,697 0 58
848,546 10-37
556,222
6-7^
1,154,432 10-69 376,198
3 38
1,064,223 10*07-

$
81,679
10,260

1st w eek ....
2d w eek ....
3d w eek ....
4 th wee k ....
* Increase.

1,690
2,443
64,000
4,252

Net Earnings Monthly to Latest Dates.—The following
shows the gross and net earnings to latest dates of all railroad *
furnishing monthly statements. The compilation include a
every road from which we can get returns of this character,,
and in that form is given once a month. Early returns are
published from week to week, as soon as issued, but for theConvenience of our readers all the roads making returns are>
brought together here in the week in which we publish our
monthly article on net earnings—say on or about the 20th of
the month.

15,953
194,261
5,013
314
1,798

1,404
538
917
1,116
3,884
6,139
414
364
27,150
5,078
1,163
1,967
4,273
3,856

19,978
2,871

160
5,900
4,946

1894.
1893.
$
Roads.
$
15,132
15,936
Adirondack.............. Sept.
134,338
Jan. 1 to Sept. 3 0 ....
129,090
40,843
Alabama Midland....Sept.
46,768
350,038
Jan. 1 to Sept. 30___
397,914
112,001
July 1 to Sept. 3 0 ....
127,450
180,862
Allegheny V alley__ Sept. 212,267
Jan. 1 to Sept. 3 0 .... 1,567,234 1,894,653
5,163
Arkansas Midland...Sept.
5,919
52,459
Jan. 1 to Sept. 30.*..
55,432
At. T. & 8. F e....b ..S ep t. 2,424,766 3,030,569
6,509,415 8,590,015
July 1 to Sept. 30
558,886
594.668
8t. L. & San Fr.. b.Sept.
July 1 to Sept. 3 0 .... 1,595,956 1,707,544
233,360
Atlantic & Pac. .b.Sept.
239,739
718,481
July 1 to Sept. 3 0 ....
705,509
114,308
Colorado Midl’d.b.Sept.
117,536
348,409
July 1 to Sept. 3 0 ....
392,738
3,972,905
Aggregate total. b.Sept. 3,340,927
July 1 to Sept. 3 0 .... 9,203,618 11,364,449
Atlanta & W.Point..Sept.
41,386
40,747
Jan. 1 to Sept. 30 . . .
334,045
302,433
107,261
97,630
July 1 to Sept. 30___
Austin & Nortkw...Sept.
'23,295
24,694
Jan. 1 to Sept. 3 0 ....
180,110
166,002
Baltimore & Ohio—
Lines E. O. R .b ___Oct. 1,616,651 1,613,355
Jan. 1 to Oct. 31....14,047,968 15,906,569
July 1 to Oct. 3 1 .... 6,457,356 6,585,689
Lines W. O. R .b ...O ct.
486,876
699,366
Jan. 1 to Oct. 3 1 .... 3,846,900 5,485,154
July 1 to Oct. 31___ 1,755,300 2,386,325
Total system ...b...O ct. 2,103,527 2,312,721
Jan. 1 to Oct. 31....17,894,863 21,391,723
July 1 to Oct. 31 . . . 8,212,656 8,972,014

Net Earnings.— 1894.
1893
$
$
5,670
3,546
32,32 4
34,118
7,732
5,347“
7,533 def. 14,595
1,176 def.7,127
99,255
73,393
593,443
667,330
1,421
def.7615,221
22,469
563,925 1,276,6591,073,311 3,133,387
257,235
285,063
721,237
732,402;
21,435
29,596
105,990
73,249
def.3,171
6,312
16,775
12,145
839,424 1,598,1351,912,733 3,950,81315,197
20,667
79,010
108,724
29,706
34,425
12,777
11,527
51,16864,279
631,144
4,652,692
2,433,055
134,933
551,089
382,045
766,132
5,203,781
2,820,100

595,725
5,305,210
2,571,903
304,731
1,182,237
800,553
900,456
6.487.450
3.372.450

N o v e m be r 24, 1894.]

THE

CHRONICLE.

-Gross nam ings.—
—Net Earnings.----1894.
1893.
1894.
1893.
$
$
600,176
dB. & O. Southw.b.. .Oct.
577,336
243,761
212,897
July 1 to Oct. 3 1 .... 2,286,256 2,300,163
926,553
898,52Bath & Hammonds ..Sept.
3,325
4,818
4,181
2,779
Jan. 1 to Sept 30___
18,912
19,564
6,335
8,583
Birm. & Atlantic.b..Sept.
1,786
1,723
450
507
15,^41
Jan. 1 to Sepc. 30___
22,437
1,366
451
July 1 to Sept. 30 .. .
5,041
5,267
839
656
125,696
Br'klyu Elevated a.8ept.
130,295
43,567
44.724
Jan. 1 to Sept. 30___ 1,298,583 1,390,544
565,082
495,849
July 1 to Sept. 30___
381,990
394,846
131,9 JO
131.115
Brunswick & West..Sept.
43,961
31,718
16,463
5.393
July 1 to Sept. 3o ...
126,477
116,288
39,392
29,103
290,982
Butt. Roch.& Pitts.. b.Sept.
280,099
101,336
99,222
Jan. 1 to Sept. 30___ 1,930.312 2,574,968
527,169
799,279
847,424
July 1 to Sept. 3 0 ....
290,329
918,748
295,114
Burl. Ced.R.& No.a..8ept.
364.505
450,097
89,400
165,683
Jan. 1 to Sept. 30___ 2,670,635 2,919,733
648,589
721,256
86,632
76,422
Camden & Atl. . . . . a . Sept.
33,453
20,722
Jan. 1 to Sepc. 30___
757,208
716,505
276,319
196,784
Canadian Pacittc.a..Sept. 1,776,053 1,918,324
673,206
801,836
Jan. 1 to Sept. 30___:13,086,983 15,115,214 4,008,961 5,296,779
Carolina Midland... Sept.
6,584
6,145
2,391
2,553
41.404
Jan. 1 to Sept. 3 0 . . „
41.380
9.346
5,849
July 1 to Sept. 3 0 ....
19,782
17,870
6,622
9,620
Cent, of N. Jersey.a Sept. 1,027,007 1,214,792
520,542
373,089
Jan. 1 to Sept. 30___ 9,059,103 10,915,072 3,027,313 4,329,279
1,318,628 1,433,421
541,111
732,260
9,618,636 10,797,693 3,583,261 4,334,764
Char. Cin. & Chic... .Sept.
13,202
10,343
1,334 def.6,510
Jan. 1 to Sept. 3 0 ....
117,633
109,172
9,597 def. 46,400
31,017
Char. & Savannah..Sept.
35,161
6,938 def.3,926
Jan. 1 to Sept. 30___
473,213
481,866
129,275
120,324
July 1 to Sept. 30 .. .
111,447
99,309
15,373 def.9,653
Char. Sumt. & N or... Aug.
9,028
8,568 def.5,929 def.4,614
Jan. 1 to Aug. 31.. .
95,671
101,357 def. 18,124 def. 11,52 4
Chatauqua Lake...... Sept.
* 4,448
5,563
1,142
2.112
Jan. 1 to Sept. 3 0 ....
33,838 . 44,598
6,700
4,975
Cheraw & Dari.. b ... Sapt.
9,045
7,127
4,431
2,207
Jan. 1 to Sept. 30 . . .
59,671
64,697
5,764
12,816
July 1 to Sept. 3 0 ..,.
16,443
19,031
5,585
955
Ohesap, & Ohio.. a . .Sept.
789,304
262,942
8 52,098
320,653
Jan. 1 to Sept. 30___ 6,659,635 7,547,986 2,205,936 2,322,492
July 1 to Sept. 3 0 .... 2,534,145 2,600,081
894,054
934,886
203,479
187,050
80,047
73,663
Ches. O. &So'w n.b..Sept.
Jan. 1 to Sept 3 0 .... 1,524,312 1,716,763
514,176
601,105
198,203
Chic.Bur.& North.b.Sept.
225,681
109,338
78,318
593,442
1,301,549 1,719,646
352,967
2,829,845 3,520,194 1,224,903 1,573,650
23,380,723 28,521,972 8,712,423 9,442,214
Jan. 1 to Sept. 30.
2,801,375 3,023,550 1,005,610 1,167,169
20,7o9,954 24,235,112 6,849,685 7,399,092
July 1 to Sept. 30___ 7,081,679 8,024,747 2,208,702 2,543,364
Chic. Peo. & St. Louis.—
July 1 to Sept. 30___
245,662
203,221
70,990
155,642
Chic. & W. M ich... .Sept.
174,586
42,956
41,140
Jan. 1 to Sept. 30___ 1,175,930 1,425,764
207,936
243,772
54,344
57,631
Cin. Jack. & Mack. b.Sept.
11,195
7,788
Jan. 1 to Sept. 30___
466,829
503,269
84,188
83,825
175,035
July 1 to Sept. 3 0 ....
39,554
26,204
167,608
979
812
40
Cinn. & Kent. So......Sept.
def.118
7,434
Jan. 1 to Sept. 3 0 ....
9,635 def.3,871
def. 121
Cin.N.O.Js Tex.P..a.M ay
34,000
247,000
343,016
71,000
335.000
389,702
Jau. 1 to May 3 1 .... 1,392.000 1,665.351
July 1 to May 3 1 .... 3,325,972 3,831,355
840.000
910,184
N. O. & No’ east.a.. June
83,301
106,564
990
7,413
550,152
696,805
Jan. 1 to June 3 0 ....
64.630
100,957
July 1 to June 3 0 .... 1,293,069 1,419,963
228,981
229,004
40,492
32,679
769
Alab’a & Vicks... a. June
5,990
Jan. 1 to June 30___
236,453
267,957
39,210
54,562
July 1 to June 3 0 ....
105,834
565,781
538,299
129,448
30,964
33,137 def.3,149 def.1,873
Vicks. Sh. & Pac..a. June
247,511
237,097
34,179
37,132
•Tan. 1 to June 3 0 ....
561,925
128,536
122,359
July 1 to June 3 0 ....
550,217
23,585
Cin. Ports. & Vir.b.-Sept.
22,028
4,924
2,256
185,640
200,850
Jan. 1 to Sept. 3 0 ....
36,172
32.906
68,417
72,006
July 1 to Sept. 3 0 ....
15,495
13,859
77,473
30,464
Olev. Akron & Col. b Sept.
77,703
29,166
741,133
Jan. 1 to Sept. 30___
644.819
198,955
198,840
July 1 to Sept. 3 0 ....
216,700
236,993
86,203
71,903
61,709
68,257
12,364 def.9,416
Cleve. Canton & So.Sept.
197,496
233,893
50,530
28,863
July 1 to Sept. 3 0 ....
1,205,677 1,237,762
348,519
335,150
2,290,869
9,260,637 10,323,093
2,469,860
3,343,316 3,650,155
780,833
832,390
150,699
174,929
41.365
48.698
Peoria & East’n.a.Sept,
164,065
Jan. 1 to Sept. 30 .. . 1,163,263 1,291,09 3
158,507
477,524
122,282
449,936
July 1 to Sept. 30___
94,369
167,883
130,566
36,244
66,303
Clev. Lor. & Wheel... Aug.
752,563
940,740
203,259
Jan. 1 to Aug. 3 1 ....
204,091
216,361
161,605
331,463
70,463
Col. H. V. & T o l.b ... Aug.
Jan. 1 to Aug. 3 1 .... 1,664,492 2,166,479
691,817
897,500
Col. Sandusky & Hock.—
410,590
July 1 to Oct. 3 1 ....
333,358
181,581
1,180
1,391
152
153
Crystal...................... Sept.
7,876
11,713
2,449
Jan. 1 to Sept. 3 0 ....
4,880
29,152
80,247
80,186
34,504
Cumberland Valley. .Sept.
583,985
Jan. 1 to Sept. 3 0 ....
665,679
187,550
179,236
578,869
653,039
299,880
245,500
Den. & R. Grande.b.Sept.
4,789,277 5,850,443 1,874,793 2,289,992
732,825
511,772
1,736,708 1,542,007
107;807
106,015
26,801
Det. Lans. & Nor.a.Sept.
28,068
Jan. 1 to Sept. 3 0 ....
802,101
903,185
134,553
171,317
30,000
Ed.El.IH. Co., Bklyn...Oct.
42,239
20,454
14,799
133,265
100,492
Jan, 1 to Occ. 3 1 ....
320,795
245,004
56,255
122,723
104,448
60,528
EdisonEl.Il. Co.,N.Y..Oct.
553,491
441,124
Jan. 1 to Oct. 3 1 .... 1,090,112
956,667
Elgin Joliet & E.a..Sept.
83,985
33,653
31,^25
93,283
Jan. 1 to Sept. 3 0 ....
681,960
207,238
161,726
751,432
68,316
63,443
July 1 to Sept. 3 0 ....
219,830
257,618
3,934
2,351
4,646
Eureka Springs........Sept.
6,651
29,009
29,024
51,442
59,592
Jan, 1 to Sept. 3 0 ....
Pla. Cent. & Pen......July
159,150
101,845
31,485
14,301
307,726
Jan. 1 to July 3 1 .... 1,478,426
980,564
462,161
Road».




915

-Gross Earnings.—- — Net Earnings.—
1894.
1893.
1894.
1893.
$ .
$
$
$
Flint & Pere Mar.a..Sept.. 201,012
60.9 35
210,608
70,938
Jan. 1 to Sept 3 J ...., 1,792,413 2.124,711
483,8 39
521,851
39,293
Ft.Worth & Rio Gr..8ept.
22,675
21.487
6,406
560
Gadsden & Att.Un..,Sept.
638
325
393
Jan. l to Sept 3 0 ....
4,961
7,431
2,779
4,623
Georgia.a . ........... Oct.. 159,384
167,995
178,293
94,346
Jan. 1 to Oct. 3 1 ..... 1,056,705 1,122,013 1299,555
288,779
July 1 to Oct. 3 1 ..... 442,541
455,293 1142,469
176,392
Ga.8outh’n& Pla.b.Sept ;.
64,956
57,324
9,664
12,008
Jan. 1 to Sept. 3 0 ... .
633,578
589,523
132,039
76,463
July 1 to Sept. 3 0 ... .
210,746
174,829
42,439
15,636
Grand Rap. & Ind...Sept.. 222,966
212,806
60,491
43,578
Jan. 1 to Sept. 3 0 ... . 1,824,833 2.177,032
446,638
400,906
Grand Tr’k o f Can. .Sept . 1,672,762 1,343,745
560,087
583,432
.12,917,096 14,478,378 3.643,794 4,066,954
. 4,663,950 5,279,925 1,358,925 1,539,086
Chic. & Gr’ d Tr___Septt 225,333
570,750
574
207,692
Jan. 1 to Sept. 3 0 ..... 2,033,785 3,055,563 def.10,163
666,919
July 1 to Sept. 3 0 .....
593,262 1.305,928 def.56,274
425,005
Det Gr. H .& Mil...8ept.
20,132
109,030
102,403
25,516
750,610
Jan. 1 to Sept. 3 0 .....
844,375
98,520
136,933
July 1 to Sept. 30.
286,560
311,983
48,340
65,384
5,204
Gulf & Chicago.. b î . . Oct..
1,941
5,339 ìdef.1,929
Jan. 1 to Oct. 31
33,922
def.5 70
4,669
35,413
Hoos. Tun. & Wilm-.June)
3,442
3,931
923
1,546
Jan. 1 to June 3 0 ....
17,829
4,341
4,752
19,227
Houst. E. & W. Tex. .Aug.
32,708
10,132
29,151
8,218
Jan. 1 to Aug. 31___
248,690
267,323
69,993
79,038
July 1 to Aug. 31___
58,812
58,251
15,897
17,690
Illinois Central, a..Sept.. 1,585,260 2,170,817
405,298
816,481
.12,910,000 15,770,239 3,077,683 4,918,601
. 4,392,675 5,869,409 1,049,282 1,970,463
£nd. Deo. & West..
40,920
37,331
13,011
7,517
Jan. 1 to 8ept. 30___.
297,375
86,074
340,187
67,259
132,529
120.295
July 1 to Sept. 3 0 ....
50,670
36.153
Iowa Central____ b.Sept .
139,152
177,721
41,343
78,958
Jan. 1 to Sept. 30 . . .. 1,226,378 1,363,187
361,721
430,545
July 1 to Sept. 30 .
455,532
412,768
129,914
163,166
3,614
2,931
941
193
29,978
28,967
4,880
2,985
10,444
6,432
2,597
141
Jack. Tam. &K. V..Sept.
39,374
34,999
5,670
869
585,275
Jan. 1 to Sept. 3 0 ... .
592,018
224,063
196,017
32,237
36,179
Kanawha <fc Mich.b.8ept;.
10,942
10,292
278,925
267,521
Jan. 1 to Sepc. 3 0 ...,
70,411
78,612
.
103,461
93,967
29,767
28,299
;. 387,259
119,215
405,218
127,300
. 3,486,695 3,841,227 1,036,931
863,722
July 1 to Sept. 3 0 ... . 1,132,494 1,139,362
349,663
243,681
78,654
84,673
1,642
13,509
a.C. Mem. & B.a.Sept.
Jan. 1 to Sept. 30___.
732,830
77,453
782,990
74,508
7,524
.
233,553
15,447
235,707
33,157
40,236
11,710
18,190
Jan. 1 to Sept. 30___.
276,250
96,912
87,890
289,113
6,205
L. Erie All. & So.a..Sept.\i
7,547
871
1,056
Jan. 1 to Sept. 30___
53,911
58,280
7,251
9,438
310,853
149,735
L.Erie & West’n.b..8ept.. 316,730
157,439
Jan. 1 to Sept. 30___. 2,449,566 2,695,433 1,052,217 1,103,876
37,746
137,924
53.673
Louisv.Ev.& St. L b .S ep t..
134,608
Jan. 1 to Sept 3 0 ..... 1,052,222 1,286,210
224,677
353,106
686,737
Louisv. & Nashv. .b.Sept.. 1,688,690 1,486,559
662,492
14,028,673 15,416,114 5,105,632 5,239,874
. 4,810,260 4,697,404 1,869,658 1,730,00 Q
281,66 Î
362,514
103,346
169,940
Louisv. N. A. & C.a..Sept.
664,001
893,091
Jan. 1 to Sept- 30___ 2,093,755 2,626,627
July 1 to Sept. 3 0 ..... 798,621 1,011,803
298,301
409,526
8,966
12,559
Louisv. St. L.& Tex.. .Sept.
38,607
37,938
58,278
144,835
Jan. 1 to Sept. 3 0 ...,
311,719
422,166
3,824
45,349
49,912
10,665
Louisv. Southern....June
46,885
690,609
182,533
July 1 to June 3 0 ....
601,457
5,395
5,517
418
1,093
Macon & Birming....Sept.
49,322
6,785
6,524
Jan. 1 to Sept. 30___
54,583
2,462
15,592
1,938
July 1 to Sept. 3 0 ....
18,334
2,159
4.419
266
def. 481
Manistique............... Sept.
34,219
55,733
70,736
32,918
Jan. 1 to Sept. 30___
563,201
Mexican Central___Sept.
636,553
221,183
195,747
Jan. 1 to Sept. 30___ 6,217,883 5.812,390 1,995,363 1,958,2 23
111,000
44,700
Mex. International.. Aug.
43,790
148,579
569,495
406,263
Jan. 1 to Aug. 3 1 .... 1,339,203 1,353,612
334,211
333,333 f 134,942 f!44,634
Mexican National ..Sept.
Jan. 1 to Sept. 30__ 3,122,314 3,186,294 f t , 298,006 1fl, 18 8,748
29,116
56,174
Mexican Northern...Sept.
. . . . ....
247,518
. . . . ....
472,632
Jan. 1 to Sept. 3 0 ....
37,505
81,512
184,135 . 162,672
Minn. & St. Louis.a..Sept.
457,765
438,736
Jan. 1 to Sept. 30___ 1,249,216 1,293.222
196,580
433,514
176,224
465,902
July 1 to Sept. 30___
22,830 def.3,667 def. 5,078
20,796
Mobile & Blrm........ . Aug.
41,053 def.11,466 def, 17,335
37,657
July 1 to Aug. 3 1 ....
171,923
200,369
425,998
394,683
Nash.Ch. <teSt.L.b...Oct.
Jan. 1 to Oct. 3 1 .... 3,793,676 3,968,207 1,518,893 1,588,879
661.306
656,033
July 1 to Oct. 31___ 1,547,136 1,510,851
523
2,646 def. 1,099
1,543
Nevada Central..U..Sept.
def.757
5,966
31,272
18.081
Jan. 1 to Sept. 3 0 ....
6,821
def.
1,3
28
655
4,364
July 1 to Sept. 30 . . .
7,027
7,775 def. 1,182 def.1,911
New Orl.&South.a...Sept.
86,637 def.4,391 def.6,20 2
67,898
Jan. l to Sept. 30___
22,592 def.2,660 def.3,958
19,434
July 1 to Sept. 3 0 ....
N.Y.L.E. & West’ nc*Aug. 2.274,224 2,523,535 *787,476 *905,515
Jan. 1 to Aug. 31___;15,673,504 19,526,552 ?'4,231,538 *'6,108,648
Oct. 1 to Aug, 31.. . . ‘22,979,261 27,407,424 *6,597,764 » 3,342.552
88,637
100,388
343,230
308 ,518
N. Y. Ont. &W est.a.Sept
735,392
809,656
Jan. 1 to Sept. 3 0 ..... 2,804,131 2,938,110
345,063
367,16a
July 1 to Sept. 3 0 ..... 1,057,170 1,132,129
79,730
41,551
161,407
N. Y. Sus. & West.b... July* 144,895
341,333
947,950
428,325
997,043
Jan. 1 to July 31___
7,875
10,100
29,362
28,390
Norfolk & South......Sept.
95,794
110.790
323,424
327,786
Jan. 1 to Sept. 30.
27,602
22,315
93,633
88,436
July 1 to S&pt. 3 0 ....
257,507
267,060
775,883
927,658
Norfolk & West.a...Sept,
Jan. 1 to Sept. 3 0 ...;. 7,584,9 40 7,474,101 1,956,569 2,057,599
196,712
227,004
582,547
Northern Central.b.Sept.. 559,588
Jan. 1 to Sept. 3 0 ... 4,353,376 5,208,899 ■1,317,173 1,585,916
Roads.

THE

9X6
JRoads*

-Gross Earnings.—
1894.,
1893.

CHB0N1CLE.

—. Net Earnings —
1894.
1893.

■(Voi*. LIX,

-Gross Earnings.—
—Net Earnings.—
1894.
1893.
-----1894.
Roads.
$
$
$
*
Tsnn.Coal I. & RR. ..Oot.
72,700
72,100
Tex. Sab. V. & N.W..Sept.
3,857
3,211
1,264
79
Jan. 1 to Sept. 3 0 ...,
30,711
38,322
def.590
11,230
92.550
Tol. A. A. &No. M..,8ept.
88.398
21,782
15,017
Jan. 1 to Sept. 3 0 ..,.
787,147
776,794
188,739 def.78,571
207.580
191,826
Toledo & 0. Cent.b..Sept.
78,963
72,799
449,713
Jan. 1 to 8ept. 30___ 1,286.513 1,474,098
494.616
616,644
506,837
July 1 to Sept. 3 0 ....
250,580
179,378
91,246
99,115
Tol.Peorla&West.b. Oct.
28,146
31,2 28
818,193
Jan. 1 to Oot. 3 1 ....
739,466
157.073
199,266
339,074
357,125
July 1 to Oct. 31 —
95,298
97,705
40.165
11,034
43,565
17,720
Ulster & Delaw’e___Sept.
320,074
Jan. 1 to Sept. 3 0 ....
314,652
91.330
115,816
145,178
154,203
July 1 to Sept. 30—
54,848
70,172
Union P a cific622,721
763,587
Union Pae. R y..b .sept. 1,498,014 1,607,011
Jan. 1 to Sept. 3 0 .... 10,609,775 12,776,083 3,278,300 4,811,067
139,697
167,417
Oreg.S.L.&U.N. b.Sept.
485,733
415,455
Jan. 1 to Sept. 3 0 .... 3,678,834 4,518,818 1,026,179 1,707,544
18,248
31,449
St. Jos. & G d.Isl. b.Sept.
62,528
82,222
144,049
604,342
737,702
Jan. 1 to Sept. 30___
229,167
Kan. C. & Om...b..Sept.
5.855
11,160 def 2,002 def 489
Jan. 1 to Sept. 30___
78,202
124,793
‘ ■ def.19,946
19.000
Cent. Branch...b..Sept.
2^,968
42,203
9,681
20,267
109,224
Jan. 1 to Sept. 3 0 ....
298,613
358,058
126,887
Atoh. C. & Pac. I ii Sept.
39,756
37,548
2,321
9,051
AtlJew.C. &W,
277,907
386,016
11,352
24,465
Jan. I to Sept. 30—
35,207
51,246
8,166
10,813
Montana Union.b.Sept.
265,083
602,625
38,921
Jan. 1 to Sept. 3 0 ....
142,133
3,656
3,972 def.3,233 def.4,061
Man. Alma & B. b .. Sept.
31,149
31,071 def.10,776 def.20,645
Jan. 1 to Sept. 3 0 ....
812.234 1,023,700
Grand Total..b....Sept. 2,266,162 2,392,506
Jan. 1 to Sept. 30___ 16,970,216 20,765,445 4,591,138 7,100,017
337,961 df. 106.872
82,627
Ore. Ry.&N.Co.b- June
97,677
Jan. 1 to June 30 . . . 1,228,091 1,855,510 df.176,947
339,918
248,553
82.467
Un.P.D.&Gulf.b.-Sept.
265,257
58,078
353,700
441,803
Jan. 1 to Sept. 3 0 .... 1,996,234 2,708,375
26,868
1‘’ 0,174 def. 10,410
Ft. Worth&D.C.b... June
74,044
760,866
39,582
170,320
Jan. 1 to June 3 0 ....
513,654
289,721
369,943
Wabash.b.................. Sept. 1.075,511 1,297,172
Jan. 1 to Sept. 30___ 8,404.462 10,225,374 1,891,543 2,301,489
831.250
917,466
July 1 to Sept. 3 0 .... 3,066,965 3,691,316
20.815
25,052
10,397
Waco & Northw’ n...8ept.
36,039
47,922
142,949
54,088
Jan. 1 to Sept. 3 0 ....
143,949
40.880
156,586
45,192
West Jersey & Brs. .Sept.
148,530
356,414
361,785
Jan. 1 to Sept. 3 0 .... 1,242.203 1,365,113
30,349
99,578
37,646
West Va. Cent. & P. -Oct.
92,772
986,568
361,336
288,265
Jan. 1 to Oct. 3 1 ....
832,134
374,273
131,910
129,592
394,089
July 1 to Oot. 31___
17,796
20.337
35,398
W. Virginia & Pitts.. Aug.
34,282
135,109
271,453
133.6 43
Jan. 1 to Aug. 3 1 ....
243,354
58,501
64,960
130,857
Western Maryland..Sept.
128.316
929,937
350.624
312,497
Jan. 1 to SeDfc. 3 0 ....
936,534
418.421
404,773
Oot. 1 to Sept. 3 0 .... 1,196,572 1,216,347
16,794
20,457
43,258
West’n of Alabama. Sept.
50,570
55,010
338,236
90,413
Jan. 1 to Sept. 30 . . .
367,922
44,432
109,215
31,328
July 1 to Sept. 3 0 ....
124,100
74.000
237,499
119,137
West.N. Y.& Penn. b..3ept.
319.042
708.060
744,420
Jan 1 to Sept. 3 0 .... 2,270,700 2,637,335
220,394
888,835
378,622
July 1 to Sept. 3 0 ....
954,307
14,336
5,980
Whitebr’st Fuel Co..Sept...................
112,290
48,183
Jan. 1 to Sept. 30............... ........
28,845
10,073
J u ly l to Sept. 3 0 ....
..........
1 230
1,695
5,194
Wrightsv. & Tenu....July
7.960
12,512
42,410
3,678
Jan. 1 to July 3 1 ....
44,103

40,007
40,230
Ohio River, b ............Sept.
80,973
79,505
232,744
198,073
514,591
596,951
Jan. 1 to Sept. 30___
37,606
22,824
Ohio S o u t h e r n - ..S e p t .
65,215
45,440
75.430
120,339
July 1 to Sept. 30 . . .
208,433
150,L98
104,346
44,930
Oregon Imp. Co..a...Sept.
308,664
363.820
539,994
514,333
Jan. 1 to Sept. 30___ 2,842,701 2,902,600
584,675
536,377
Dee. 1 to Sept. 30___ 3,423,678 3,204,245
Penn, (east P.& E.)..Sept. 5,498,033 5,394,510 2,092.2 L7 1,947,591
Jan. 1 to Sept. 30....42,214,640 50,303,95112,636,169 14.123,666
..Lineswest P.& E.ISept.
Deo. 220,331
Deo. 170,219
Jan. 1 to Sept. 3 0 ....
Deo.5,253,782
Dec.1,668,134
83,000
45,300
45,000
Peoria Dec. & Ev.......... Aug. 104,600
Jan. 1 to Aug. 3 1 .... 548,703
592,040
155,325 250,500
Petersburg.. . . . . . ... .Sept.
37,538
38,268
19,648
17,209
Jan. 1 to Sept. 3 0 .... 396,314
408,650
139,796 139,161
July 1 to Sept. 3 0 .... 121,728
114,742
61,111
41,505
Philadelphia & iErie.Sept.
392,409 464,337
121,079
172,146
Jan. 1 to Sept. 3 0 .... 2,887,264 3,902,172
756,356 1,215,882
Phila. & Reading....Sept. 1,785,151 1,946,596
822,223
927,327
Jan. 1 to Sept. 30....14,657,384 16,785,177 6,260.011 6,4s5,036
Dec. 1 to Sept. 3 0 .... 16,409,895 18,753,544 7,040,239 7,360,930
C o a l* Iron Co....Sept. 1,793,034 2,290.003 def.12,522
208,893
Jan. 1 to Sept. 30....15,248,133 16,994,516 def.23,417
465,100
Dec. 1 to Sept. 3 0 .... 17,527,443 18,699,942
94,036
453,846
Total both Co’ s....8ept. 3,578,185 4,236,519
809,701 1,136,220
Jan. 1 to Sept. 30....29,905,517 33,779,773 6,236,594 6,950,186
Dec. 1 to Sept. 3 0 .... 33,93 7,338 37,453,48 6 7,134,2 75 7,814,776
Deo. 168,537
Dec. 133,105
Pitts. C. C. & S t L...Oct.
Deo. 457,449
Jan. 1 to Oct. 3 1 ....
def.517
306
3,666
2,365
Pitts. Mar. & Chic..Sept.
1,69 7
24,736
27,490
4,147
Jan. 1 to Sept. 3 0 ....
79,484
118.390
285,390
246,340
Pittsburg & Western.Oct.
380,820
308,431
968,842
July 1 to Qct 31 .. . 1,005,698
35,312
159,989
87,626
76,711
Pitts. Youngs. & A.... Oct.
402,311
461,353
988,361 1,142,703
Jan. 1 to Oct. 3 1 ....
303
17,430
17.871 def.5,9 51
Port Royal & Aug....July
164,894 def.4,071
20,943
158.220
Jan. 1 to July 31---24,191
6,727
7,340
21.985
Quin. Om. & K. C..b..Oct.
54,636
193,322
51,621
230,679
Jan. I to Oat. 3 1 ....
12,642
51,612
14,487
50.431
Rich. Fred. & Pot....Sept.
181,373
572,931
188,201
521.646
Jan. 1 to Sept. 30___
157,805
50,166
150,459
31,628
July 1 to Sept. 30---4,822
6.478
26,392
25,555
Rich. & Petersburg..Sept.
250,905
60,724
262.381
60,938
Jan. 1 to Sept. 30___
13,264
82,906
77,084
17,496
July 1 to Sept. 3 0 ....
14,927
34.830
27,553
18.016
Rio Grande South. b.Sept.
160,1 >5
127,829
377,412
265,743
Jan. 1 to Sept. 3 0 ....
53,912
104,442
79,069
28,707
July 1 to Sept. 3 0 ....
181,924.
74,069
218,219
86,317
Rio Grande West.b.Sept.
597,055
443,899
Jan. 1 to Sept. 3 0 .... 1,518.284 1,873,291
230,094
183,791
559,926
562,279
July 1 to Sept. 3 0 ....
3,227
4,311
10,951
11,931
Bag.Tus.&Huron.... Sept.
88,722
24,345
30,287
96,945
Jan. 1 to Sept. 3 0 ....
1,972
7,902
7,402
1,618
Sag. Valley & St. L..Sept.
20,669
64,006
71,008
19,067
Jan. 1 to Sept. 30___
58,839
58,985
127,691
124,705
St. L. A. & T. H. b...Sept.
458,71 L
412,895
967,262 1,170,345
Jan. 1 to Sept. 3 0 ....
161,120
350,182
334,335
170,837
July 1 to Sept. 3 0 ....
370,213
89,229
45,144
419,107
St. Louis Southw’ n. .Sept.
57,450
189,639
July 1 to Sept. 3 0 .... 1,064,141 1,004,803
59,402
61,770
147,825
162,361
St. Paul & Duluth.b.Sept.
320,257
293,267
Jan. 1 to Sept. 3 0 .... 1,045,266 1,276,04L
143,234
164,559
418,182
448,591
July 1 to Sept. 3 0 ....
157,809
69,6 5
183,521
265,395
San Ant. & Aran. P..Sept.
156,659
230,523
Jan. 1 to Sept, 3 0 .... 1,226,742 1,288,049
34.732
81,882
44,634
91,029
San Fr.& N.Pao.a....O ct.
702,216
263,322
224,4 L7
709,45$
Jan. 1 to Oct. 31___
125,720
160,853
344,549
317,734
July 1 to Oct. 3 1 ....
¡44,991
21.795
10,480
57,031
Sav.Amer. <fc Mont...Oct.
48,532
412,664
44,24 2
a Net earnings here giyen are after deducting taxes,
376,481
Jan. 1 to Oct. 3 1 ....
40,432
20,390
b Net earnings here given are before deducting taxes,
168,526
150,23Q.
J u ly l to Oct. 3 1 ....
c Net earnings here given are after deducting taxes on property,
41.944
222,130
58,387
273,326
Say. Fla. & West. .b.Sept,
d Consolidated line; includes Ohio & Mississippi,
733,578
706,218
Jan. 1 to Sept. 30___ 2,371,712 2,303,339
e Includes Milwaukee & Northern for all the period in both years,
152,531
781.800
91,167
676,148
July 1 to Sept. 3 0 ....
f After deducting other expenditures for repairs, replacements and
4,724 general expenses, net income applicable to interest on bonds in Septem­
4,000
7,268
1,947
Silverton____. . . . .. . .Sept.
ber was $70,372, against $96,s43 last year, and for nine months to Sep­
Southern Pacific Co.—
173,108
104,865 tember 30 $618,120, against $671,034 last year. Me dean dollars are
419,507
323,494
GtaLH. & S.Aut.b..8ept.
treated
as equivalent to 80 cents United Stages money, and all depre­
3,086,411
809,113
692,868
Jan. 1 to Sept. 30.. 2,944,971
ciation beyond 20 per cent is charged in the above items. Adding
67,295
108,495
80,809
43,076 earnings received from Federal government total net available for
Louisiana West. b.Sept.
326,582
701,275
800,230
365,726 interest for nine months in Me dean ourrenoy on the 80 cents basis
Jan. 1 to Sept. 3 0 ..
379,853
141,805
73,162 was $725,788. against $371,034 last year.
. 501,413
3,701,964
692,979
535,164
3,953,970
g Includes 0urrent River and Kansas City Clinton & Springfield
16,922
29,347
29,107
16,744 roads
N.Y.Tex. & M ..b..8ep t.
h Expenses for August included cleaning up and starting Illinois
178,584
179,611
62,257
53,722
Jan. 1 to Sept. 30..
mines after four month’ s idleness.
120,503
52,976
57,041
139.403
Texas & N. O .-b.-Sept.
I includi g other income, net for October was $79,239, against
1,102.532 1,318,865
439,159
593,52 J $1’ *-,519, from January 1 to October 31 was $3 2.307, agiinst
951,055
464,126
299,448 $351,531, and from July 1 to October 31 $173,845, against $207,768.
1,226,076
8,977,943 9,176,031 2,331,729 2,251,352
j Does not include Grand Rapids & Indiana and Vandalia systems
3,027,421 3,291,370 1,222,198 1,642,931 formerly included in the monthly statements.
' After deducting proportion due roads operated on a percentage
22,838,937 26,249,807 8,125,445 10,137,265
basis; net in Aug., 1891, was $569,292, against $67<5,86s in 1893; for
4,253,497 4,242,925 1,686,3 24 1,942.379 eight months from January l to Aug. 31, $2.842,763 in 1894, against
31,818,830 35,425,833 10,457,174 12,388,617 $4,393,0 >0 in 1893, and for eleven months from October 1 to Aug. 31,
294,587
792,705 1,002,411
547,6 -5 $4,53? ,96 f, against $6,404,747.
So. Pac. of Cal.b..Sept.
Jan. 1 to Sept. 30. 6,638,536 8,068,771 2,491,224 3,431,286
t Includes only one-half of lines in which Union Paoifto has a part
78,040
196,679
152,539
64,879 interest. Figures are given exclusive of results on O egon Railway &
So. Pac. of Arlz’a.bSept.
501,801
518,762 Navigation, Union P icific Denver & G ilf, Fort Worth & Denver City
Jan. 1 to Sept. 30.. 1,473;334 1,492,781
and Leavenworth Topeka & Southwestern.
3,434
81.445
70,877
So.Pac.of N. M .b..8ept.
26,238
II including income from ferries, &C.
700,665
80,560
671,150
260,016
Jan. 1 to Sept. 30..
| Cause of deficit for Octooer—purohase of engine $4,900.
509,239
b . 1,528,247 1,413,228
428,708
§ July mileage was 2,01i*57 mites and included Richmond & Dan­
. 3,487,838 3,222,564 1,073,532
740,846 ville proper. August mileage was 3,731'13 miles and i loiuded Rich­
93,664
91,057
38,834
42,946 mond <& Daovide, Chariot e Col. & Augusta, Columbia <fe Greett336,001
820,033
843,756
295,254 vi le and East fenn. Va. & 6a., but not Louisville SOutheru and
.
381,139
363,907
195,637
188,901 Georgia Paeitio. Sep tern ier mileage was 4,337o7 mites and included
4,953
5,000
2,581
2,799 allUlines.
Stony 01. & C. M -. b.Sept.
Expenses for September include $796'25 legal expenses.
38,650
41,739
18,332
13,442
Jan. 1 to Sept. 30___
17,302
26,879
July l to Sept. 3 0 .....
16,414
25,757
18.220
121,982
9,920
Summit Branch. ....O ot . 114,285
Interest Charges and Surplus.-—The following roads, in
88,675
Jan. 1 to O ot.;31....
785,227 1,058,118 df.3 1 ,1 2 3
109,204
8,058
23.123 addition to their gross and net earnings given in the foregoing,
Lykens V alley....—Oot
114,593
909,877 def.27,645
68,308 also report charges for interest, &c., with the surplus or defioit
Jan. 1 to Oct. 31. „ 711,716
t. 223,489
41,343
239,575
17,978
Total both Co’s .... Oot.
i . ..i
;
156,983 above or below those charges.
. 1,496,943 1,967,995 def.58,763




THE

N o v em ber :24, 1894. J

CHRONICLE

-Inter’ t, rentals, <&c.~ -Bed. o f Net Earns,—
1894.
1893.
1894.
1893
Roads.
5,972
12,922
14,750
20,631
Camden & A t l , S e p t .
115,894
104,916
160,425
91,868
Jan. 1 to Sept. 30___
800,000
822,881
424,903
750,769
Ohio.Burl. & Quincy. Sept.
Jan. 1 to Sept. 3 0 .... 7,200,000 7,405,928 1,512,423 2,036,286
8,382
32,758
32,758
Ohio. & West' Mich.. Sept.
10,198
294,825
294,215 def.86,889 def.50,443
Jan. 1 to Sept. 3 0 ....
229,750
238.629
109,890
105,400
Olev. d n . Ch.& St. L..Sept.
210,054
704,953
672,336
75,880
July 1 to Sept. 3 0 ....
11.894
36,802
4,563
36,802
Peoria & Eastern-.Sept.
110,405
110,405
11,877 def.16,036
-i July 1 to Sept. 30___
200,107
200.554
99,773
44,946
Denver & Rio Gr’de.Sept.
607,173
603.555
July 1 to Sept. 30___
125,652 def.91,783
def.284
559
29,352
26,242
Det. Lans. & N or.,. .Sept.
236,492 df. 135,025 def.65,175
269,578
Jan. 1 to Sept. 30 . . .
51,246
51,679
19,259
9,689
Flint & Pere Marq...8ept.
68,671
463,599
453,180
20,240
Jan. 1 to Sept. 30 . . .
10,205
8,798
737
1,494
Kanawha & Mich.. .-Sept.
113,070
116,552
6,145
10,748
*Kan. C. Ft.S. & M..8ept.
331,144
338,126
18,522 def.39,445
July 1 to Sept. 30___
39,107 def. 9.58 6 def.25,598
Kan. C. Mem. & Bir.Sept.
11,228
33,685
117,321 def.18,238 df. 109,797
July 1 to Sept. 30___
57,560
54,673
Lake Erie & West’n. .Sept.
99,879
95,062
507,835
485,973
544,382
Jan. 1 to Sept. 30...._
617,903
122.184
Nashv.Chat.& 8 t.L .. .Oot. .130,732
41,191
78,185
512,573
July 1 to Oct. 3 1 ....
487,962
148,733
168,071
3,557 def. 1,939 def. 1,58 5
Sag. Valley <St St. L..Sept.
3,557
32,012
Jan. 1 to Sept. 3 0 ....
32,012 def. 12,9 45 def.11,343
37,570
39,530
21.415
19,309
St. Louis Alt.&T.H.. .Sept.
358.831
108,265
99,880
Jan. 1 to 8ept. 30___ 304.630
107,458 N 118,888
42,232
July 1 to Sept. 3 0 ....
63,379
17,341
17,233
27,401
17,391
San Fran.&No.Pao.. .Oot.
68,933
69,369
91,920
56 351
July 1 to Oct. 31___
59,700
60,300 . 13,000
11,800
Tenn. Goal I. & RR.-Oct.
26,645
33,293
t45,739
t46,816
Toledo & Ohio Cent.Sept.
tl02,876
102,591
77,304 1149,33l
July 1 to Sept. 30___
23,497
31,591
17,383
13,601
West Jersey & Brs..Sept.
202,760
160,465
159,025
Jan. 1 to Sept. 30___
195,949
* Includes C. R. and K. G. C. & S. t Includes other income.

ANNUAL

REPORTS.

B altim ore & Ohio Railroad.
( R eport fo r the year ending June 30, 1894.)
The annual report of President Chas. F. Mayer will b8
f ound elsewhere in the Chronicle, including the comparative
balance sheet and other tables.
OPERATIONS, EARNINGS AND EXPENSES.

1893-94.
1892-93.
1891-92.
Miles operated June 30..
2,065
2,053
1,999
Operations—
Tons freight carried.......
13,357,175
16,356 405
15,738,859
Tons freight car. 1 m ile.2,160,919,472 2,691,675,424 2,741,39-', 119
Passengers carried.........
9,626,928
10,956, ■56
10,487,408
Passengers car. one mile. 419,859,886
400,401,465
339,560.344
Earnings from—
Freight................
.....$13,916,476 *17,561,997 $17,742,046
6,617,929
6,125,134
Passengers....... ......................... 6,431,058
Mail........................................
699,620
586,879
508,033
Express...............
674,971
659,631
657,189
Miscellaneous__________
780,537
788,371
844,956
Total earnings..................... $22,502,662 $26,214,807 $25,877,358
Operating Expenses—
General expenses___ ____
$1,732,394
$1,797,501 $1,682,768
Conducting transportation___
9,104,139 10,599,664
9,981,907
Maintenance of equipment___
2,052,106
3,3->3,488
3,534,929
Maint. of way ana structure.. 2,672,050
3,261,329
3,180,352
Total expenses...... ..............$15,560,689
Net earnings.................
$6,941,973
Per ct. op. ex. to earn........ .
69‘ 15

$19,041,982 $18,432,956
$7,172,825 $7,444,402
72-64
71-23

The above earnings are analyzed by divisions as follows:
■Gross Earnings—
1893-94.
1892-93.
Year end. June 30.
$
$
Main Stem Div’n.. 10,685,629 12,155,766
827,779
Parkers’ brg Br’nch
753,401
Washington Br’ nch
656,561
769,388
Philadelphia LIlo. 1,833,842
2,139,325
3,209,092
Pittsburg Div’n . . . 2,602,333
655,396
Wheel.Pitts.&B.Div. 489,447
372,526
Midland Div’ n ......
347,300
Central Ohio Div’n. 1,069,428
1,326,853
946,262
Lake Erie Div’ n ...
706,093
Straitsville Div’n ..
99,623
148,544
Chicago Div’n ....... 2,870,547
3,288,086
375,789
Akron Div’n __ . . .
388,458

-------Net Earnings-----1893-94
1892-93.

Buffalo Rochester & Pittsburg Railway.
('Report fo r the year ending June 30,1894 )
The remarks of President A . G. Yates are given in a subse­
quent column, and are explanatory of the results which are
tabulated below.
The freight traffic for a series of years is shown to have de-<
veloped as follows :
STATISTICS OP FREIGHT TRAFFIC.

Tons (2,000 lbs.) earned— 1893-94.
Products of the forest....... 243,822
Products of animals..........
18,991
Vegetable food. ................ 110,498
Other agricultural prod’ ts.
904
Manufactures.....................
34,046
64,476
Merchandise.......................
8alt. .......
159,431
Anthracite c o a l ................ 176,600
Bituminous coal.................1,894,595
C ok e................................... 177,149
Other articles...................
97,220

1892 93.
1891-92. 1890-91.
255,386
250,884
226,89B
22,220
19,966
19,400
111,820
90,582
69,165
1,121
1,060
662
37,813
38,470
36,797
112,628
56,03»
56,724
142,492
123,548
125,565
151,448
76,481
71,670
1,924,275 1,675,634 1,364,454
313,868
328,976 275,714
254,467
182,785
143,820

Tot. number tons carr’d .2,982,732

3,327,538 2,844,466 2,390,878

1894.
1893.
1892.
1891.
Average distance haulof one ton.miles .139-34 147-86 142-61 139*43
Amount received for each ton...cents. 74-93
81*94 84-74
82-98
57*23 56*71
58-62
Cost of carrying each ton___ ...cen ts. 53-15
Profit on each t o n ....................... cents. 21-78
21-71
28*03
24-36
Average receipts per ton per m.cents. 00*54 00-55
00-59
00-60
Cost of carrying per ton per m ..cents. 00-38 00-33 00-39
00*42
Profit per ton per m ile.. . . . . . ___cents. 00-16
00-17
00 20 00-18

The statement rolling stock June 30,1894, was as follows :
ROLLING STOCK JUNE 30, 1894.
t Locom otives........................ 135 Company’s service oars____ 246
Tenders, extra..............
4
Passenger c a r s . . . . . . . . . . . . . . .
54
T otal..................................... 7,171
* Freight oars...........................6,732 Gondola cars with coke ra cks 122
Freight cars with air brakes.1,000

* 487 of these cars belong to the Rochester & Pittsb. Coal & Iron Co.
110 of these locomotives belong to the Clearfield & Mahoning R.y.Co

The statement of earnings, expenses, balance sheet & c ’
has be en compiled for four years for the C h r o n i c l e a s
folio svs :
1893-94.
1891-92.
1892-93.
1890-91.
Road operated........
336
304
304
304
Operations—
Passengers carried.
771,128
802,937
762,512
681,885
Pass, carried. 1 mile. 16,133,349 16,152,858 15,687,269 14,536,949
Rate per pass, per m. 2-20 cts.
2‘32 cts.
2-28 cts.
2*26 cts.
Fght. (tons) carried. 2,982,732
3,327,538
2,844,466
2,390,878
freight (tons) 1 m ..415,623,939 492,021,357 405,646,685 333,372,993
Rate per ton per m. 0 54 cts.
0*55 cts.
0‘60 cts.
0-59 cts.
Earnings—
$
$
$
$
Passenger...............
396,201
408,634
391,199
362,197
Freight..................... 2,377,223
2,893,636
2,549,897
2,146,397
Miscellaneous.........
6,813
6,470
6,010
2,891
Total..................
Expenses—
Transportation.......
Motive p o w e r ........
Maintenance of cars
Maintenance of way
General .................
Taxes........................
Extr’rdinary & Imp.

2,780,237

3,308,740

2,947,106

2,511,485

700,875
644,563
263,906
360,330
80,761
69,890
30,101

862,469
797,515
302,320
322,630
72,477
64,655
29,140

760,160
658,639
274,191
322,551
67,081
52,905
54,853

642,216
553,777
249,303
286,646
58,381
45,302
46,886

Total........ .........
Net earnings..........
P. ct.op.ex.toearns.

2,150,426
629,811
77-34

2,451,506
857,234
74-08

2,190,380
756,726
76-72

1,882,511
628,974
74-95

INCOME ACCOUNT.
E eceipts—
Net earnings............
Other income...........

Total...................
Disbursements
Int.on bo nejs & oar tr.
Interest on bonds of
proprietary roads.
Rentals ............... .
Miscellaneous in t...

1893-94.
$
629,811
39,588

1892-93.
$
857,234
45,724

1891-92.
$
756,726
52,555

1890-91.
$

628,974
30,674

669,399

902,958

809,281

659,648

575,468

535,346

499,832

477,457

4,093,078
145,744
18,900
18,900
18,900
18,900
213,537
123,932
72,985
72,981
73,195
640,393
24,029
30,126
23,709
15,841
961.571
40,627
Total...................
748,426
651,256
585,183
615,686
34,613
251,702
74,465
193,595
240,043 Surplus..................... def. 79,037
189,48 >
BALANCE SHEET JUNE. 30. ___
def. 8,829
571,884
18941892.
1893.
1891.
50,685
Assets—
$
$
$
$
Totals............22,502,662 26,214,807
6,941,973
7,172,825 Cost of road & equip. 20,463,606 20,238,389 19,538,900 19,185,228
1,335,496
Cost of prop’ t’y rds. 1,496,105
535,738
585,226
INCOME ACCOUNT.
1,003,670
Investments............. 1,003,671
1,003,670
1,003,670
32,394
Cash.....................
21,108
25,409
41,022
1892-93.
1891-92.
1893-94.
542,000
455,019
572,000
455,058
$6,941,973 $7,172,825 $7,444,402 Bills receivable . . . .
240,463
286,636
294,945
254,128
1,650,702 Materials on hand..
2,251,377
. 1,982,857
261,658
Agt cond'tors, &c.
20 ">,255
371,271
217,240
412
45,164
259
240
.$8,924,830 $9,424,203 $9,295,104 Miscellaneous...... .
205,000
213,537
177,745
Total................... 24,061,037 23,807,110 22,164,274 21,782,629
Liabilities—
.$8,719,830 $9,210,666 $9,117,359
6,000,000
6,000,000 6,000,000
Stock, common........ 6,000,000
Deductr6,000,000
6,000,000
.$6,522,581 $6,697,225 $6,535,212 Stock, preferred. . . . 6,000,000 6,000,000
9,193,000
8,195,000 7,645,000
1,549,854
. 1,424,935
1,237,344 Bonds (see S u p p . ) . .. 9,34),000
543,000
440,000
869,000
844,000
Car trusts ............
318,500
311,500
292,500
295,500
.$7,947,516 $8,247,070 $7,772,556 Real estate mtgs__
370,000
370,000
370,000
3 ; 0,000
Surplus............. , ......................... . $772,314
$963,587 $1,344,803 Bonds of propri. rds.
124,489
98,346
int. accrued not due
127,178
106,855
From which paid
217,032
$550,000
173,124
169,469
309,648
$550,000
Car trust bonds.......................
$550,000 Pa.v -rolls and vouch.
478,875
201,717
545,000
666,0)0
40,000
Bills
pa
ya
b
le........
To City of Balt for P, & C. RR.
40,000
40,000
*176,023
64,364
124,797
5-,058
99,938
58,05 8 Miscellaneous.........
Cash appropri’ us to sink, fun s
58,058
25,000
104,234
138,112
94,517
25,207
Som. & Cam. UR. tr ffic bondsi.
13,000
2i>,01)0 Profit and lo s s ......
86,653 ■
i.
99,289
25,378
22,164,274
23,807,110
21,782,629
Total........ ......... 24,061,037
$759,711
. $760,347
$696,436
* Includes $166>936 due to individuals and companies.
$¿03,877
.. $11,967
$648,367




4,107,708
175,084
205,001
514,070
709,312
def. 10,019
75,732
166,658
126,400
def. 12,445
815,198
69,274

917

THE

918

West End Street Railway (Boston.)
(Report for the fiscal year endinq September 30,1894.)
The report of President Samuel Little says that, owing to
the general business depression, only a comparatively small
increase in the gross earnings is shown, while the operating
expenses show an increase of $356,348 43. This is more than
accounted for by the fact that the operating expenses include
the track improvement account of last year, amoun'ing to
$193,190, and $80,618 expended for similar work performed
during this year, or a total increase on this account alone of
$373,808.
It has been thought best by the Directors to change the
dates of paying the common stock dividend from January 1
and July 1 to April 1 and October 1, in order that the divi­
dend year may agree with the fiscal year of the company,
and three months dividend was declared payable October 1.
At the close of the year 93 per cent of the mileage, namely
about 1,770,000 mile3 per month, was run by the electric sys­
tem, and the equipment of the larger part of the balance is
rapidly progressing. During the year the Brookline lines
have all been electrically equipped, and some of them ex­
tended, and at present a new car house with a capacity for 36
cars is r early completed.
The lines running to both Malden and Medford are now
being operated by electric power, and a new car house has
been erected on Salem Street, Medford, with a capacity for 56
cars. The new tracks on Mount Auburn Street, in Cam­
bridge, were completed, and electric lines opened from Newton
and Mount Auburn, and the new car house at the
latter place is now being used. The East Boston di­
vision is being equipped electrically, the tracks having
been rebuilt and the overhead lines constructed, and it
is expected that electric power will be inaugurated on
this line by the middle of December. A power house and a
new car house with a capacity for 48 cars are being erected
at Eagle Square for this division. Important additions have
also been made to the reservoir and summer street car houses.
The company sold during the year $3,000,0004^ per cent 30year bonds, with the proceeds of which the entire floating
debt has been letired, and at present there is cash enough
on band to cover the expense of finishing the electric equip­
ment now under way and contemplated.
The following shows full particulars as to the track :
Road owned, leased, etc.
Miles. \
Including—
Miles'
..151-3
Track owned Sept. 30,1893..254-3 |Mainline — . ..........
Extensions during year ___ 10-5 I Second track— ..................... 93-5
Tracks taken u p .................... 3 ’5 |Sidings, etc............................. 7-2
-------- 1Yard, etc., tr a c k s....___. . .
20-9
Track owned Sept. 3 0 ,1894..26l*3 |
-------Operated under lease........... 9-3 i
T o ta l........... ........
272-9
Oper. under trackage rights. 2-3 |Equipped with trolley..........211-5
------- I Partially equipped...i............ 25-4
Total oper. Sept. 30, ’ 94..272*9 |

The length of track unpaved is 7*9 miles, and the length of
track built with heavy girder rail is 143 miles.
Results for two years have been compiled for the Chronicle
as follow s:
EARNINGS AND EXPENSES.

1894.
273.
$6,734,311
89,567

1893.
268.
$6,616,607
75,970

$6,823,878
Total earnings
Transportation expenses...___ __________
$2,510,016
536,177
Maintenance of track......................................
Main, of cars, vehicles and horse equipm’t ..
538,927
Maintenance of electric equipmeat...............
356,833
Other expenses..............................................
865,129

$6,692,57 7
$2,691,273
281,015
349,169
343,073
886,203

Total............................................................. $4,807,082
Ner earn ings............................................. $2,016,796
Per cent operations to earnings......... ..........
70*44

$4,550,733
$2,141,844
67-99

Miles of track operated Sept. 30,
Earnings from Dassengers..........
“
from other sources......

INCOME ACCOUNT.

1894.
$2,016,796

. 1893.
$2,141,844

$370,959
62,040
11,897
1,193,375
280,167

$251,088
105,200
11,989
1,329,650
321,502

$1,918,438
$98,358
BALANCE SHEET SEPTEMBER 30.
Assets—
1894.
Hoad, equipment and real esta te................$22,882,430
Cash...................
1,449,375
Materials and supplies..................................
365,008
Notes and accounts receivable............
185,915
Miscellaneous item s.......................................
697,122

$2,019,429
$122,415

Net earnings...........
Deduct—
■Coupon in terest.... ...
Miscellaneous interest.
R e n ta ls ...... . . . . -.
D ividends....................
T a x e s .........................
Total........................
S u rplu s............................ . ......................

[V ouL lX.

CHRONICLE.

1893.
$22,487,529
738,654
472,609
255,823
615,256

Total...........................................................$25,579,850
LiabilitiesCommon stock ............................................... 9,085,000
Preferred stock...........................
6,400,000
Bonded debt and notes........... ...................... 9,175,000
Current liabilities....... .....................
492,783
Accrued taxes, interest and rental not due
133,437
Dividends...................................... - ............ .
264,274
Profit and loss surplus........... ....................
29,356

$24,569,871

Total........... ............................................ $25,579,850

$24,569,871

9.085.000
6.400.000
7,909,700
770,444
96,867
128,000
179,860

The year has been a severe one upon all railioid property.
The great financial depression which followed the close of the
preceding year continued during the twelve months, and it
was ODly by the most rigid econ uny that the net receipts were
maintained at a figure which warranted the dividend which
was paid to the stockholders.
The gross receipts show a decrease of $34,727 and the net re­
ceipts a decrease of $26,856.
Following the lowering of the grades between Richmond
and Weldon, which was referred to in the last annual report,
a different class of freight-engines for the heavy trains has
been adopted as a standard. This made it possible to decrease
the freight-train mileage, and resulted in a saving of not less
than $6,000, which saving will be increased during the present
year.
.
*
There has been some slight improvement in the business of
the first three months of this year compared with the same
three months of last year. The outlook, however, is not as
promising as had been expected. Decreased consumption in
general business has been greater than the decrease in manu­
facture, and it now looks as if the opening year would bring
as small a volume of business as that of the year just closed.
The decreased value of the wheat and cotton crops presents
circumstances wh'ch time only can correct.
A belt line branch of the Petersburg Railroad around Pe­
tersburg, which will be completed by January next, will en­
able the two roads to handle through freight with greater
facility.
The road-bed, works, equipment, and all the property have
been kept up to the Atlantic Coast Line standard. Trains can
now be run at seventy miles an hour, with maximum safety,
on the main lines of all this system. This is the reason that
this line carries such a large proportion of the North and South
passenger traffic.
One hundred and seventy-two toes of new 70-pound steel
rails were purchased and laid in the track. The road between
Clopton and the Petersburg Belt Line junction, a point three
and three-tenths miles north of Petersburg, is now laid with
70-pound steel rails. The James River bridge and trestle over
the Appomattox River at Petersburg are also laid with
70-pound steel rail. Extraordinary expenses aggregating
$23,125, are included in operating expenses in 1893-94.
EARNINGS, EXPENSES AND CHARGES.

18^3-4.
$
Gross receipts........ ...366,708
Operating expenses. ...247,518

1892-3.
$
401,435
254,566

1891-2.
$
369,448
243,150

1890-i.
$
325,269
254,849

Net receipts___...119,190
Add rentals and inter.. 6,094

146,869
5,271

126,298
9,020

70,417
20,758

Total................... ...125,284
Deduct —
Interest on bonds... . . . 36,540
Dividends................ . . . 65*000

152,140

135,318

91,175

36,600
70,000

36,600
70,000

37,968
70,000

1C6,600
sur. 28,718

107,968
def. 16,793

...101,540
T ota l.......... .
Balance................... sur.23,744

Lehigh Talley Railroad.
( For the year ending June 30,1894.J
The report of earnings for the eleven months ending June
30, 1894, has already been published in the C h r o n ic l e . The
balance sheet of June 30 last, in comparison with that of June
30, 1893, is given below. It possesses special interest since
the company in its annual report for the fiscal year ending
Nov. 30,1893 published no general balance.
BALANCE SHEET JUNE 30.
1894.
Cost of road..................................................$18,110,610
Cost o f equipment...................................... 21,452,998
Stock of other com panies...................... - 18,319,963)
Bonds
do
do
........ ...........
12,428,392 V
Other permanent investm ents................... 11,089,2443
Open accounts..................................... ..
2,537,510)
Balance ourrent a s sets............. . . ............
670,745 >

T ota l...........................
Liabilities—
Capital stock...........
Funded debt....................
Interest due and accrued
Current liabilities.............
Sundries...... ...............
Profit and loss, surplus...
Total.

1893.
$17,975,934
21,197,869
41,326,609
4,324,092

..$84,609,462

$84,824,504

,.$40,441,310
.. 33,929,000
269,520
I 3,687,061
.. 6,282,571

$40,441,310
33,931,000
270,530
5 4,738,763
t 584,942
4,857,959

.$84,609,462

$84,824,504

Manhattan Railway.
(F o r the year ending Sept. 30,1894.)
For the year ending Sept. 30, 1894, results were as follow s:
1894.
1893.
1892.
Passengers carried Man’n lines. .190,669,854 214,459,217 208,270,681
I
“
Suburb, lines. 5,489,469
5,161,800
6,851,894
T ota l........................................ 196.159.323 219.621.017 215.122.575
$
$
$
11,137,051 10,908,579
6,210,160
5.964,889

Gross earnings........................... 10,138,143
Operating expenses and taxes... 6,095,557
Net earnings........ ..................

Interest on bonds................... .
Richmond & Petersburg Railroad.
B alance................... ...............
CReport fo r the year ending June 30,1894.)
As in the case of the Petersburg Railroad above, the annual Dividends................................. .
report has not been received in pamphlet form, but the daily
Surplus.......... .........................
papers give extended extracts of its contents, as f ollows :
f P. ct. of oper. expenses to earns.




106,603
sur. 45,540

4,042,586
2,002,406

4,926,891
2,015,075

4,943,690
1,963,744

2,040,180
1,800,000

2.911.816
1,800,000

2.979.946
1,800,000

240,180
60-12

1.111.816
55*76

1.179.946
54-68

THE

N ovember 24 1894. J

GENERAL

INVESTMENT

CHRONICLE.

NEWS.

American Bell Telephone.—The Commissioner of Corpora
tions of the State of Massachusetts has fixed 190 as the price
at which the new stock of this company must be offered to
its shareholders. The issue authorized last week was 5,000
shares, or $500,000, not $5,000,000.
Atchison Topeka & Santa Fe.—A t a meeting of the new
board of directors this week a committee was appointed to
take such steps in the matter of reorganization as the best
interests of the property may demand. The committee con­
sists of B. P. Cheney, Jr., Thomas P. Fowled, W . L. Bull,
“George A . Nickerson and E. J. Berwind. It is probaole that
this committee will work in harmony with the joint execu­
tive committee of bondholders, of which Edward King is
Chairman.
Atlantic & Pacific.—The Reorganization Committee of the
4 per cent guaranteed trust gold bondholders, Francis S.
Bangs, chairman, announces that the associated committees
of Amsterdam. Frankfort and New York now represent $10,500,000 of the above-bonds. Until December 5 the State
Trust Company of New York and the Shawmut National
Bank of Boston will receive bonds, subject to the reorganiza­
tion agreement, but bonds deposited after that date will be
subject to a penalty of $10 per bond.
Baltimore & Ohio.—At the annual meeting this week the
old board of directors was re-elected. Mr. William T. Dixon,
President of the National Exchange Bank of Baltimore was
elected to take the place left vacant by the death of Mr.
Gharles J. M. Gwinn. Mr. Alexander Shaw had previously
been elected to the board to fill the vacancy caused by the
death of George de B. Keim. He was re-elected with the old
board. The following gentlemen were elected directors by
the full vote of the meeting: Messrs. William F. Burns,
George A. Von Lingen, James Sloan, Jr., William H. Black­
ford, Aubrey Pearre, Wesley A. Tucker, Maurice Gregg, J.
W ilcox Brown, William F. Frick, George C. Jenkins, Alex­
ander Shaw and William T. Dixon. The State of Maryland
has the appointing of two additional directors.
Baltimore & Ohio Southwestern.—The annual report has
not been received, but the preliminary statement has already
been published in the C hronicle . At the annual meeting of
stockholders the following directors were elected: Edward R.
Bacon, William L. Bull, Edgar T. Welles, Edward R. Bell,
William Mertens, John H. Davis, of New York; James Sloan,
Jr., and Orland Smith, of Baltimore; Lowe Emerson, Frederic
H. Alms and William W . Peabody, of Cincinnati; Augustus
B. EwiDgof St. Louis; Frank W. Tracy of Springfield; John
P. Hazeltiae and Patrick Buchan of London.
Boston & Lowell.—This company i3 reported to have sold
■$500,000 20-year currency 4 per cent bonds to Messrs. Brew­
ster, Cobb & Estabrook. The proceeds are to take up a like
amount of 7s falling due March 1, 1895.
Buffalo Railway Co.—Statement of earnings for the quar­
ter ending Sept. 30 shows :
Gross

3 mos.
earnings,
1 8 94..........$321,677
1 8 9 3 ...... 326,501

Net
earnings,
$150,506
146,538

Other
income,
$6,221
6,009

Fixed,
charges,

$95,912
94,073

Balance, Per ct.
surplus, op. ex.

$60,815 53-2 L
58,474 55-12

Buffalo Rochester & Pittsburg.—At the annual meeting
o f stockholders on the 19th inst. all of the old directors were
re-elected, with the exception that Henry I. Barbey took the
place of George H. Lewis. The following constitute the
board: Henry I. Barbey, Frederick A. Brown, Walston H.
Brown, J. H. Hocart, Adrian Iselin, Jr., C. O’D. Iselin,
Wheeler H. Peckham, Aug. Richard, James A. Roosevelt,
W . Emlen Roosevelt, J. Kennedy Tod, Warren A. Wilbur,
Arthur G. Yates.
Central Pacific.—A cablegram from London on November
19 says that Sir Charles Rivers Wilson, who has been selected
tb visit the United States in behalf of the English holders of
Central Pacific Railroad securities, will sail from Queenstown
on November 22. In an interview Sir Charles is quoted as
saying: “ I have made no definite plans in regard to the in­
quiry into the position of affairs of the Central Pacific Com­
pany. The English shareholders have given me full powers
to attempt negotiations, and thus I have a very wide discre­
tion in the matter. As 500,000 out of the 680,000 shares of the
stock are held here and on the Continent, the interests I rep­
resent are very important. The most of this stock was pur­
chased by the present holders at high figures, but is now prac­
tically valueless. We have little prospect of securing a divi­
dend. My mission is to see if the present unfortunate position
has come about legitimately. I mean to do the best I can to
secure for the shareholders some consideration. After arrang­
ing some preliminary matters in New York I shall go to
Washington to see the Executive touching the indebtedness.”
* * * “ i have received the assurance of President Hunt­
ington and the board of directors that they will heartily co­
operate with me.”

919

be used for electric equipment. The stock will be dated
July 1, 1895, and stockholders may subscribe for it at par in
propoition to their holdings.
Cedar Falls & Minnesota—Illinois Central.—The com ­
mittee consisting of L ui3 Fitzgerald, Simon Borg and Cbas.
Wehrhane make the following announcement to the holders
o f the Cedar Falls & Minnesota general mortgage 7 per cent
bon d s:
The Illinois Central RR. Co. will Durchase from the bondholiers
such of tne 7 per cent bonds secured by mortgage dated Sept. 22,
1866, with coupons due January 1, 1888, and after, attached, as may
be tendered by Jan. 1, 1895, paying therefor $1,120 for each $ i,000
bond, and $560 for each $500 bond, with coupons attached, in scrip
convertible by April 1,1895, in sums of $1,000, or multiples thereof,
into the 4 per cent gold bonds of the Illinois Central RR. Co., carrying
interest from July 1,1894, and maturing August 1 ,1 9 5 1.
The Illinois Central bonds will be part of a series to be presently
issued to the amount of #3,550,00 » secured by a first mortgage to be
made by the Dubuque & Sioux City RR. Co. upon that part of its main
line of lailway extending from Dubuque weitwardly to Iowa Palls,
about 142 miles in length, all of the bonds to be for * 1,000 each, bear­
ing interest at 4 per cent per anoum, payable semi-annually, both
principal and interest to be paid in gold coin of the present standard
weight and fineness. The mortgage will contain provisions authoriz­
ing a further issue at any time hereafter of Illinois Central bonds to
tne additional amount of not exceeding $4,575,000, provided the Du­
buque & Sioux City RR. Co. shall conveyby a valid first mortgage free
from all prior incumbi-ances, that part of its main line extending from
Iowa Palls westwardly to Sioux City, about 183 miles in length, as a
further stability for the payment of all ihe bonds issued.
And also provisions authorizing a still further issue of Illinois
Central bonds to an additional amount of not exceeding $1,875,000, provided the railroad now belonging to the Cedar Falls
6 Minnesota Railroad Company extending from Cedar Falls
Junction to Lyle, about 75 miles in length, shall be in like
manner conveyed in trust, free from all prior incumbrances, as
a further security for the payment of all the bonds issued. Each of
such additional bonds will be for the same amount and of the same
tenor as those now about to be issued, and all the bonds which shall be
issued as herein contemplated are to be equally secured by the said
several mortgages without discrimination or any preference of one
over the other.
The Illinois Central R.R. Co. is,however, to be at liberty, in lieu of
issuing the $1,875,000 of its 4 per cent bonds last above referred
to, to issue not less than $1,200,000 and not more than
$1,377,000 of its 4 per cent bonds of the class and tb be
secured by the mortgage above described, provided it shall de­
posit and pledge with the trustee of said mortgage an amount of the
7 per cent bonds of the Ceiar Palls & Minnesota RR. Co. secured by
the mortgage of Sept. 22, 1866, with all unmatured coupons attached,
equal, dollar for dollar, to the amount of Illinois Central fours to be
so issued.
Not less than $1,200,000 of the 7 per cent Cedar Palls & Minnesota
bonds shall be tendered under this proposed settlement by Jan. 1,
1895, or the agreement to exchange shall not become operative.
Holders of bonds and certificates who do not accept the above propo­
sition by Jan. 1, 1895, are excluded from any participation in this
settlement.
Your committee believe the Illinois Central 4 per cent bond offered
in exchange for the 7 per cent Cedar Palls & Minnesota bond is well
secured and of undoubted value. Your committee, having in view the
uncertainty of litigation and the doubtful value of the principal of ihe
Cedar Palls & Minnesota bond at its maturity, believe it would be to
the advantage of the bondholdei s to accept this proposition of the
Illinois Central Railroad Company.
If the settlement is carried through upon the terms proposed, there
will be no charge upon the present bondholders for the expenses of
the litigation, and those who have deposited their bonds with the Com­
mittee under the bondholders’ agreement will receive back the
amount of the assessment paid in by them.

Chicago Burlington & Quincy.—The quarterly dividend
payable by this company December 15 has been reduced from
to 1 per cent.
Chicago Elevated Railways (Projected).—At Springfield,
III., two companies were incorporated this week to construct
elevated railroads in the city of Chicago. They are the Chicago
Central Elevated RR. Co., authorized capital $3,000,000, and
the Union Elevated Railway Co., authorized capital $5,000-,
000. It is said the proposed line of the Union Company is in­
tended to afford the Lake Street Elevated Company a line
through the business centre, connecting with the Illinois
Central suburban trains to the South.
Chicago & Northern Pacific.—Prelim inary Plan o f Reor­
ganization.—The bondholders’ committee have prepared a
report and plan which will be submitted to the registered
holders of the United States Trust Company certificates of
deposit on Monday, Dec. 3. A printed circular respecting
the same contains the following :

Bonds taken from treasury.—Tlie committee has investigated the
accounts, especially those with the Northern Pacific RR. Co. As the
Chicago & Northern Pacific RR. Co. virtually kept no books of its own,
and as the Northern Pacific accounts were very vague as to the money
spent for the Chicago & Northern Pacific, it was extremely difftoult to
arrive at any conclusions in this matter. It appears, however, that
$2,500,000 Chicago & Northern Pacific bonds have been used by the
Northern Pacific RR. Co. for its own purposes,having been taken from
the treasury of the Chicago & Northern Pacific without authority and
without compensation to the latter. Long and tedious negotiations
were commenced early last Spring, and oarried on with the receivers
of the Northern Pacific for restitution of these bonds. Though at first
promising satisfactory settlement, these negotiations have been de­
layed by various circumstances (among others the proceedings for the
removal of the Northern Patiflc receivers) and have been broken off
without results. Recourse must be had to the courts unless a satis­
factory settlement can otherwise be made.
Foreclosure, die.—The progress of the foreclosure suit has been delayed
at every point by the officers of the Chicago & Northern Pacific and of
the Northern Pacific, but in October, 1894, the court sustained the
intervention of the Committee, deciding that it was properly a party
to the action. The foreclosure suit will now be pushed forward as
speedily as possible, and it is hoped that a decree can be procured,
within a reasonable time. Owing to the financial crisis of 1893, &o., ££
Chattanooga Southern.—The foreclosure sale which has it has been impossible to determine the earning capacity of the prop­
erty
under normal conditions, and itis therefore considered injudicious
been several times postponed has been set for Dec. 20th, when
to present at this time a plan of reorganization more in detail than
it is expected the sale will be completed.
that herewith submitted.
Plan.—The committee will press foreclosure and will form a new
Chicago City Railway.—This company has announced its
to be called the Chicago Terminal & Railway Company,
intention to increase its capital stock $1,000,000, making the company
which will issue to holders of the present first mortgage bonis new
total stock $10,000,000. The proceeds of the new stock will securities (bonds and stocks) bearing such interest and dividends as




920

THE

CHRONICLE.

Win'
.... ......
' ........
^
the earnings of the property •will warrant. To prevent the control of
the property by any interest, adverse to the bondholders, all certificates
for stock of the company, both preferred and common, shall contain a
clause giving this c< mmittee. as tiustees, power to elect directors an­
nually for a reasonable time from the date of the new mortgage.
As soon as possible after foreclosure sale the committee shall submit
the further details of this plan, Tue committee reserves the right to
suggest that bonds and stocks be used for the following purposes:
1. To acquire other competing or connecting properties, if in the
judgment of the committee and the bondholders it is deemed advisable
so to do. 2. To procure assessment upon old common shares. 3. To
effect, if possible, by some recognition of the stockholding interest,
restitution of the $2,500,000 bonds and a settlement of all claims
against the Northern Pacific ER. Company.
If the plan submitted shall receive the affirmative assent of 70 per
cent o f the registered holders of United States Trust Company certifi­
cates, the plan shall become operative.

[V ol. LIX.

~

agreement with the Lake Erie & Western. It is reported that
they contemplate bringing a suit to that end.

International & Great Northern.—Missouri Kansas &
Texas.—The Texas Court of Civil Appeals has under considertion elaborate arguments concluded last week in regard to the
lease of the Galveston Houston & Henderson road to the In­
ternational & Great Northern. The effect of the decision will
be that if the lease is declared invalid it opens the Galveston
Houston & Henderson line to the Missouri Kansas & Texas,
which owns the stock. If the lease is valid the International
& Great Northern will control the situation as far as entrance
to Galveston is concerned.
Mobile & Girard.—The following announcement is made
The committee consists of the following : J. Edward Sim­ to the holders of the first mortgage bonds:
mons, Henry Budge, R. C. Martin, Simon Sterne, W m. MerYou are hereby notified that pursuant to the agreement made Au­
gust 30,1893, over 8 i per cent of such bondholders have signed the
tens, Alfred S. Heidelbacb, W m . Allen Butler, Jr.
agreement and deposited their bonds with the New York Guaranty &
Cincinnati New Orleans & Texas Pacific.—The report of Indemnify Company. A decree of foreclosure of this mortgage has
Receiver S. M. Felton for the quarter ending Sept. 30, 1894, been made and the mortgaged property will probably shortly be sold
this decree. The holders of all outstanding bonds who fail to
shows a balance on hand June 30 of $215,802 and receipts for under
sign the agreement and deposit their bonds on or before the 8th day of
quarter, including this balance, $1,108,399. Balance on hand December, 1894, will be excluded from the benefits of the agreement,
except upon such conditions or penalties as the committee may think
Sept. 30,1894, $323,375.
just. Copies of the agreement may be obtained from the New York
Cleveland Canton & Southern.—Messrs. Morgan Rotch, Guaranty & Indemnity Company, No. 59 Cedar Street, New York, or
Oliver Prescott, Jr., and George P. Messervy are acting as a from any one of the undersigned.
Dated New York, November 22, 1894.
committee for the holders of Cleveland & Canton equipment
F r e d e r ic C r o m w e l l ,
trust and improvement bonds. In a circular to bondholders
ADRIAN ISELIN, J r „
;( C nnm nttpe
E d w a r d N. G ib b s ,
> co m m itte e .
the committee say :

Cleveland Canton & Southern.—A t Cleveland, Nov. 16,
the Knickerbocker Trust Company of New York filed a peti­
tion in the United States Circuit Court, giving notice of fore­
closure proceedings. The Trust Company represents the con­
solidated mortgage bondholders, 660 of which bonds have
been issued and aie outstanding. The company asks that the
receiver b£ ordered to pay the interest on the $2,000,000 first
mortgage bonds, amounting to $50,000, due July, 1894.
Consolidated Traction Company of New Jersey.—The fol­
lowing well-known men have been elected as directors: E. F.
C, Young, of Jersey City; John D. Crimmins, New York; P.
A. B. Widener, Clement A. Gxisoom, A. J. Cassatt, Frank
Thomson, William L. Elkins, Thomas Dolan, Philadelphia;
William J. Sewell, Camden; B. M. Shanley and J. D. Mackv,
Jersey City. It is said three capitalists of Newark will also
be directors. Mr. Young was re-elected President.
Georgia Midland & Golf.—In the U. S. Court in Chambers
at Atlanta, Ga., on the application of the Central Trust Co.,
trustee under the mortgage, Mr. John F. Flournoy, the VicePresident of the Georgia Midland & Gulf, was appointed tem­
porary receiver.
Georgia Southern & Florida.—This road will be sold at
receiver’s sale on the first Tuesday in March, under a decree
from the Superior Court. The upset price fixed is $4,500,000,
but if this amount is not bid the road is to be again offered
for sale on the third Tuesday at $3,750,000, and if not sold
then to be offered again on the first Tuesday in April at
$3,000,000 and if still not sold to be sold on the third Tuesday
in April to the highest bidder, terms to be $250,000 cash, bal­
ance in thirty, sixty and ninety days, to be paid in bonds or
certified checks.
Indianapolis Decatnr & Springfield—Lake Erie &
Western.—As regards the proposition » made by Vermilye &
Co. the bankers, to pay 130 per cent with 5 per cent interest
for the certificates representing the 6 and 7 per cent bonds of
the Indianapolis Decatur & Springfield, it seems that the form
of contract to be signed with Vermilye & Co. limits the time
for purchase to four months. The certificate holders, twothirds of whom were represented at the meeting, gave the
committee the power to close the sale, the proposition being
carried unanimously. A resolution asking that the committee
be empowered to borrow whatever money was necessary to
put the road in good condition and to repair the bridges, three
of which were in an unsatisfactory condition, in case the ne­
gotiations with Vermilye & Co. did not go through, was also
carried unanimously.
The directors of the Lake Erie & Western Railroad have
s. called a special meeting of the stockholders for February 5 to
authorize the issue of its first mortgage bonds at the rate of
$10,000 per mile, and of its second mortgage bonds at the rate
of $5,000 per mile, upon the 152 miles of the Indianapolis De­
catur & Springfield Railroad.
—The stockholders of the Indianapolis Decatur&Springfield
are making arrangements to prevent the consummation of the




W. E m l e n R o o s e v e l t , *
D a v ie s , St o n e & A u e r b a c h , C ounsel.

New York & New England.—Receivers Platt and Perry on
Thursday filed a petition in the United States Circuit Court
for leave to pay $330,000, which is the interest due July, 1894,
and unpaid, on the $10,000,000 first mortgage bonds. They
also ask leave to pay rentals, taxes, &c., due the Rhode Island
& Massachusetts RR. Co. of Massachusetts and Rhode Island
and the Norwich & Worcester.
— The report for the quarter and nine months ending Sep­
tember 30 shows earnings as follows:
Net
earnings.

1894
3 ,9 1 3 ,8 7 1
1 8 9 3 ........... 4 ,6 2 6 ,4 6 7

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

.

3 mos. to
Gross
Sept. 30. earnings.
1 8 h4 ......... . $ 1 ,4 4 0 ,6 1 5
1893
1 ,5 2 7 ,3 9 7

9 mos.

.

We presume that you know that the holders of the first mortgage
bonds of the Cleveland & Canton Railroad Company have organized
and appointed a committee to protect and enforce the rights of the
bondholders in the pi operty of the railroad company. The coupons of
the first mortgage falling due July 1,1894, have not been paid, and
on January 1,1895, the default will have continued for six months,
and under the terms of the first mortgage the bondholders’ committee
will have the right to begin foreclosure of their mortgage. That com­
mittee has prepared a bo dholders’ agreement, and it is undoubtedly
the intention of the committee to begin foreclosure proceedings as
soon as the six months’ default has attached. The Cleveland & Canton
Railroad equipment trust and improvement bonds are misnamed;
they are neither an equipment trust bond nor an improvement bond,
but are simpiv a second mortgage upon the main line of the railroad,
formerly the Cleveland & Canton Railroad, and which now forms the
main line of the Cleveland Canton & Southern Railroad. So far the
holders of these equipment trust and improvement bonds have not
taken any steps to form a committee to protect their iuteiests. In
order to render their bonds of any value they must organize and be
represented by a committee, and through that committee be prepared
to protect their interests as seco nd mortgagees when the road is of­
fered for sale under the foreclosure of the first mortgage, or else per­
fect some plan by which the interest upon the first mortgage now in
default can he paid and future coupons paid as they accrue.

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

Interest,
Other
Balance.
income. rent., taxes.
$476,455
def.$66,029
$ 1 ,2 0 9
474,176 sur. 16,261
582
1 ,4 1 0 ,0 9 1
1 ,4 L8,5 4 9

2 ,0 8 1
3 ,9 2 2

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

The general balance sheet of September 30, 1894, compared
with that of June 30 is given below:
GENERAL BALANCE SHEET.

Resources—
Sept. 3 0 , ’ 94.
Cost of road and equipment....................... ..$40,349,340
Supplies on h a n d ..............................
463,643
747,034
Due on account of traffic..............................
Due by companies, etc............. .................. . 1,233,943
Pief. div. May 1,1892 (enjoined)................
128,275
58,684
Miscellaneous.......... .......................................
Cash on h a n d .....................
136,362
Profit and loss deficiency............................. 1,803,577

June 3 0 , ’ 9 4 .

$44,920,858
Total......................
Liabilities—
Common stock................................................$20,000,000
3,817,600
Preferred stock.....................................
F u n d e d debt (See S u p p l e m e n t ) ...................... 1 7 ,2 4 3 ,7 1 3
480,000
Receivers’ c e r t ific a te s .........................
Equipment n o te s .......... ............
7,045
Due for wages and supplies............. . . . .......
658,849
759,043
Due companies, etc........... ............. .............
Loans and bills payable.............................. .
675,000
Norwich & Worcester R R ..... ......................
61,422
Interest on funded debt overdue.................
726,085
73,260
Ben'als due and ov erd u e........ ...............
Credit balances and div’ds dueMay 1,1892
179,454
Interest and rentals accrued...................
239,387

$ 4 4 ,7 6 7 ,4 2 8

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

$ 20 , 000,000

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

Total................. ................................................ $ 4 4 ,9 2 0 ,8 5 8
$ 4 4 ,7 6 7 ,4 2 8
During the quarter ending Sept. 30, 1894, a considerable
sum spent for improvements has been charged to operating
expenses.
New Orleans Traction.—The following statement of gross
earnings was received too late for inserti >n in the Street Rail­
way Department of the I n v e s t o r s ’ S u p p l e m e n t . The Es­
planade line was put under electric power Nov. 12, 1894.
WEEK ENDING NOVEMBER 14.

>—N. Orl. City Lake.—.
Old power. Electric.
1 8 9 4 ......... $ 6 ,7 1 6
1 8 9 3 . . . __ 8 ,1 6 7

AUG. 1 TO

,----- Orescent City.-------,
n o v. 14
Old power. NewmWge. Il.N.O.Tract.

$ 6 ,7 2 6
3 ,5 1 9

$ d ,5 l 3
3 ,6 9 7

$ 2 ,7 4 9
..........

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

From Dec. 1, 1893, to Nov. 14, 1894, total gross earnings
were $900,227.
New York Pennsylvania & Ohio.—A cablegram reports
that at a meeting held in London, Nov. 16, the English first
mortgage bondholders of this company approved the report
of the board of trustees on the financial reconstruction o f
the road, referred to in this column last week.
Prospect Park & Coney Island.—The report for the quarter
ending Sept. 30 shows earnings as follows:
3 mos to
Qross
Net
Sent. 3 0 .
earnings, earnings,
1 8 9 4 .................... $ 8 1 ,4 2 8
$ 3 8 ,8 0 6
1 8 9 3 ..................... 8 7 ,0 7 9
3 6 ,7 9 1

Other
income.
$ 1 0 ,L 3 2
7 ,4 0 9

Interest,
taxes, etc.
$ 1 5 ,6 0 5
1 5 ,5 6 4

Balance
surplus.
$ 3 3 ,3 3 3
2 8 ,6 3 6

Richmond Fredericksburg & Potomac.—This company
held its annual meeting at Richmond Nov. 21. The gross
earnings for the year were $674,347; the operating expenses,
$443.152; net earnings, $231,195; Jess fixed charges, $83,209,
leaving $147,986; dividends paid, $145.470.___________
jCf8 F o r oth er Item s o f In vestm en t N ew s see page 9 2 7 .

THE

N o v e m be r 34, 1894.]

CHRONICLE,

921

B A LT IM O R E & O HIO R A IL R O A D CO M P A N Y.
SIXTY-EIGHTH ANNUAL REPORT—FOB THE YEAR ENDED JUNE 30, 1894.
O f f ic e

B a l t im o r e & O h io R a il r o a d Co m p a n y , )
B a l t im o r e , November 8 , 1894.
f

of the

To thè Stockholders o f the Baltim ore & Ohio Railroad Company:
The President and Directors submit the following statement of the affairs of the Company for the year ended June 30.
1894.
The General Balance Sheet, the tabular statements of the General Auditor, and the report of the General Manager, are
appended.
O p e r a t io n s

fo r the

Y

ear.

General Income Account■
Tear ended
June 30,1893.

E a r n in g s .

Year ended
June 30,1894.

T h is Y e a r .

Increase.

Decrease.

From Freights...........
Passengers.............
Mail........................
Express........ .
Miscellaneous . . . . .

17,561, 996 72
6,617, 929 41
586, 879 07
659, 631 05
788, 371 00

13,916,476 06
6,431,058 17
699,620 20
674,971 39
780,536 53

Total Earnings.

26,214,807 25

22,502,662 35

3,712,144 90

General Expenses................................
Conducting Transportation...............
Maintenance of Equipment................
Maintenance of Way and Structures.

1,797, 500 96
10,599, 664 15
3,383, 487 81
3,261, 328 93

1,732,394 08
9,104,139 12
2,052,105 51
2,672,050 36

65,106 88
1,495,525 03
1,331,382 30
589,278 57

Total Expenses.....................

112,74113
15,340 34

3,645,520 66
186,87124
7,834 47

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

19,041,981 85

15,560,689 07

3,481,292 78

Net Earnings from the Operations of the Property. (See Table A .).
Add Income from other sources. (See Table C.)........... ; ............

7,172,825 40
2,251,377 32

6,941,973 28
1,982,857 29

230,852 12
268,520 03

T otal............. ........................................................................................
Deduct Net Earnings from Washington Branch............................................

9,424,202 72
213,536 62

8,924,830 57
205,000 66

499,372 15
8,535 96

Available Income...............................................................................
From which deduct Interest on Bonded Indebtedness, Rentals, Taxes and
other Charges. (See Table D. For terms of Leases see Table I.). . . . . . .

9,210,666 10

8,719,829 91

490,836 19

6,697,225 43

6,522,58113

174,644 30

2,513,440 67

2,197,248 78

316,191 89

180,000 00
120,000 00
624,922 50

180,000 00
120,000 00
624,935 00

12 50

924,922 50

924,935 00

12 50

1,588,518 17

1,272,313 78

250, 000 00
100, 000 00
200, 000 00
86, 653 34

100.000 00
200,000 00

40, 000 00
58, 057 81
25, 000 00

40.000 00
58,057 81
13.000 00

Total............; . . . .

759, 71115

760,346 55

Leaving a Balance of.

828, 807 02

*511,967 23

Balance.
P aym en ts.

Dividend on 1st Preferred Stock, 6 per cent.
2d
•“
“
“
“
Common Stock............................

Remainder..........
From which payments have been made to retire Bonded Indebtedness, viz.:
Principal Car Trust Bonds...................................... ..........................................
"
Equipment Trust Bonds, Series A ................. ..... .........................
“
“
“
“
“
B ..................................................
Wheelage Car Trust payments................................................................................
Payment to the City of Baltimore for the purchase of its interest in the
Pittsburg & Connellsville Railroad.............................................................
Cash Appropriations to Sinking Funds.............................................................
Somerset & Cambria Railroad Traffic Bonds...................... ...........................

316,204 39

250.000 00
99,288 74

12,635 40

12,00000
635 40
816,839 79

*N o t e .— Out of the above balance of $511,967 23, there will be paid on November 15,1894, the dividend on the Common Stock for the s i x

months ended June 30,1894, $500,000.

Gross Earnings, Expenses and Net Earnings of Each Division.
The following table shows the gross earnings, the expenses and the net earnings of the Main Line and Branches, and
each Division of the System, for the year ended June 30, 1894, with comparison for the year ended June 30, 1893 :
Gross Darnings.

M a in S t e m , including the Main Stem and Branches;

Expenses.

Net Earnings.

1893.

1894.

1893.

1894.

1893.

1894.

$

$

$

$

$

$

also, the Washington County, Winchester & Poto­
mac, and Winchester & Strasburg Railroads; the
Harrisonburg Branch, the South Branch, the Fair­
mont Morgantown & Pittsburg (Consolidated), the
Confluence & Oakland, the Grafton & Bellington,
and the Baltimore <&New York Railroads. . . . . . ___ 12,155,765 66 10,685,629 26
P a r k e r s b u r g B r a n c h .............................. .........................
827,778 52
753,400 69
W a s h in g t o n B r a n c h ............................................................
769,388 37
656,560 99
P h i l a d e l p h i a L i n e , embracing the Baltimore &
Philadelphia Railroad and Philadelphia Branch... 2,139,325 47 1,833,84178
P i t t s b u r g D iv i s io n , embracing the Pittsburg & Con­
nellsville R oa d,,the Hickman Run Branch, the
Somerset & Cambria Railroad, the Mount Pleasant
<fc Broadford and the Fayette County Branches, the
Berlin Railroad, and the Ohio & Baltimore Short
Line, Eastern D ivision.........||..................
3,209,092 39 2,602,333 44
W h e e l in g P it t s b u r g & B a l t im o r e D i v i s io n
655,396 28
489,447 06
M i d l a n d D i v i s i o n . . . . . . . . . ........... ................ ..........
372,526 33
347;300 11
C e n t r a l O h io D i v i s i o n .............................................
1,326,853 52 1,069,428 17
L a k e E r i e D iv i s i o n . . j . . . . . ...............................
946,26162
706,092 94
S t r a i t s v i l l e D i v i s i o n . _____........................... .
148,544 43
99,623 32
C h ic a g o D i v i s i o n ___ : . . . . . . . ______________! ____
3,288,085 59 2,870,546 53
A k r o n D iv i s io n ............... ......................
...........
375,789 07
388,458 06

8,062,687 80
682,034 32
555,851 75

6,577,921 68
578,316 26
451,560 33

1,498,932 58

1,319,771 96 1

2,247,521 25
614,769 19
337,913 33
1,086,810 17
756,781 91
157,373 70
2,716,201 58
325,104 27

1,893,02114
961,57114
709,312 30
499,46614
40,627 09 Def. 10,019 08
271,567 73
34,613 00
75,732 38
902,770 62
240,043 35
166,657 55
579,692 97
189,479 71
126,390 97
112,06815 Def. 8,829 27 Def. 12,444 83
2,055,348 22
571,884 01
815,198 31
319,183 87
50,684 80
69,27419

26,214,807 25 22,502,662 35! 19,041,981 85 15,560,689 07

4,093,077 86
145,744 20
213,536 62

4,107,707 58
175,084 43
205,000 66

640,392 89

514,069 82

7,172,825 40 . é,941,973 28

A comparison of, the twelve months ended June 30, 1894, with the twelve months ended June 30, 1893, shows the following :
$3,712,144 90, or 1416 per cent.
Decrease in gross earnings., I -- --------- ........................................
“ operating expenses............................................V ............ 3,481,292 78, or 18-28 per cent.
“ “ net earnings
....... .
230,852 12, or 3*22 ner cent.
“ . v «?rDU,88 from freight. .r.
....................................... 3,645,520 66, or 20-76 per cent,
“
."earnings from passen^rs......................
..
186,871 24, or 2-82 per cent.
“
“ tons m oved............ ..;................ .. ..................
2,999,230,
or 18 84 per oent.
*
“ passengers carried............................................................ 1,*29,228,
or 12*13 per cent.




THE

922

CHRONICLE.

[V ol. LIX.

TONNAGE OF THE YEAH, WITH COMPARISON.

RELIEF DEPARTMENT.

T h e ton n age m oved on the e n tire S y ste m is sh o w n b y the
fo llo w in g statem en ts:

T h e R e p o rt o f th e R e lie f D e p a rtm e n t fo r th e tw e lv e m o n th s
ended J u n e 30, 1894, w ill be p rin te d fo r d is trib u tio n a m o n g st
th e m em bers. T h e f o llo w in g sh o w s th e co n d itio n of th a t
D e p a r tm e n t:
T h e a c tiv e m e m b e rsh ip a t the close o f the fis c a l y e a r w a s
20,479, b e in g a decrease of 2,158 as co m p a re d w ith the p re v io u s
ye a r.

.

Tons car­
Toils car­
ried in
ried, in
1884
.............
8,629,048 1890
1885
8,422,936 1891
1886
................... 9,807,686 1892
1893
1887
.............
10,572,893
......................11,195,940 1894
1888
18 8 9......................
12,161,380

...................... 13,988,176
...: .................14,858,972
...................... 15,738,859
.....
16,356,405
...................... 13,357,175

T h e decrease in “ Ton s C a rrie d ” is e n tire ly in th e tra n s p o r­
ta tio n o f co a l, co k e , iro n a n d lu m b e r.
H o w se rio u sly th e ton n age of the C o m p a n y w a s decreased
b y th e exten d ed s trik e in the co a l a n d co ke re g io n s tr ib u ta ry
to th e syste m , a n d th e susp ensio n of in d u strie s dependent
u p o n these p ro d u cts, is evid en ce d b y the h e a v y decrease in
“ G ro ss R e v e n u e ,” e sp e cia lly up on the P itts b u rg , the W h e e l­
in g , P itts b u rg a n d B a ltim o re , the C e n tra l O h io , th e L a k e E r ie
a n d the S tr a its v ille d iv is io n s .
CONS rRUCIION AND BETTERMENTS. ,
The aggregate expenditures for Construction and Bet­
terments for the twelve months have b e e n ............... $1,150,590 64
For the twelve months ended June 30,1893, they were. 2,523,025 20

The receipts and income during the year ended June 30,
1894, have been................................................ .................... $391,924 91
And the disbursements have been........................................ 370,53110
From the commencement of the Relief Association to the
close oi the fiscal year the disbursements have been__ 4,254,471 27

Th e am ount due
F e a tu re w as :

d epositors b y the

S a v in g s

At the close of the fiscal year of 1893................................. . $830,386 06
At the close of the fiscal year of 1894.................................... 780,668 42
The deposits during the fiscal year have b e e n .................. 227,861 11
The withdrawals of the depositors ¿during the fiscal year
have been................................... .............. .....................
277,578 75

T h e a m o u n t due b y b o rro w e rs u n d e rjth e p ro v i­
sion s of the S a v in g s F e a tu re w a s :
At the close of the fiscal year 1893....................................... $601,239 26
At the close of the fiscal year 1894........................................ 667,348 75

A decrease for the twelve months of 1894 o f ........... $1,372,434 56

A n e x tra d iv id e n d of one p e r ce n t w a s d e cla re d on a ll d e ­
p o sits d ra w in g in te re st a t th e close o f the fis c a l y e a r, th u s
m a k in g the in te re st fo r the y e a r e q u iv a le n t to fiv e p e r c e n t
per a n n u m .
T h e fu n d s o f the S a v in g s F e a tu re are lo aned o n ly to em ­
$230,773 45 ployees o f the C o m p a n y , to enable th e m to p u rch a se o r im ­
774,664 75 p rove hom esteads or to release lie n s thereon.
56,988 12
A t the close o f th e fis c a l y e a r th ere w ere 243 n a m e s on th e
88,164 31
p en sion ro ll, the d isb u rse m e n ts on th is a cc o u n t fo r th e y e a r
$1,150,590 64 h a v in g been $34,457 70, a n d fo r the w h o le p eriod $233,254 32*

T h is su m o f $1,150,590 64 h as been ch a rg e d to the d iffe re n t
in v e stm e n t acco u n ts to w h ic h the e xp e n d itu re s ap p e rtain e d ,
th e d e ta ils o f w h ic h w ill be fo u n d in the G e n e ra l M a n a ge r’s
R e p o rt, T a b le B . I t is d istrib u te d as fo llo w s :

Lines East of Baltimore................................ ....................
Main 8tem and B ranches.................................................
Pittsburg Division...................................................... .........
Trans-Ohio Division.................................................... .......

^HARPER’S FERRY (VIRGINIA) IMPROVEMENTS.

T h is v e r y im p o rta n t co n stru c tio n w a s opened to tra ffic
M a rch , 1894.
O n th e M a ry la n d side o f th e P o to m a c R iv e r the n ew lin e
le aves the M a in S .e m a t S a n d y H o o k a n d passes to the V i r ­
g in ia side b y a d o u b le -tra ck road , a d o u b le -tra ck tu n n e l u n d e r
M a ry la n d H e ig h ts (875 feet in le n g th ), a n d a d o u b le -tra ck steel
b rid g e of the m ost ap proved co n stru ctio n (884 feet in le n g th )
across the P o to m a c R iv e r . T h e n c e u p o n tn e V ir g in ia sid e —
a w a y fro m the old lo ca tio n on the r iv e r fro n t— the lin e e x ­
te n ds b y a d o u b le -tra ck ro a d , lo cated a g a in st the h ills id e , to a
co n n e ctio n w ith the M a in S te m w est of H a r p e r’s F e r r y .
T h e n ew co n stru c tio n , w h ic h is o f su p e rio r ch a ra c te r in a ll
respects, is a ll lo cated above h ig h -w a te r m a rk .
T h e g re a t d a n g e r o f a b re a k in the lin e a t th is p o in t fro m
fre sh e ts; the lim it to the size o f tr a in s a n d le n g th o f c a rs b y
the old b rid g e , a n d the d e la ys of fr e ig h t tr a in s a ris in g fro m
th e fo rm e r s in g le -tra c k cro ssin g o f the P o to m a c, are a ll p e r­
m a n e n tly rem oved b y the co m p le tio n o f th e presen t w o rk .
A t H a r p e r ’s F e r r y co m m o d io u s p assenger a n d fre ig h t s ta ­
tio n s h a ve been erected to m eet the in c re a s in g im p o rta n c e o f
th a t poin t.
I n co n n e ctio n w it h the above w o rk , th is C o m p a n y ’s a p ­
proach es to the V a lle y lin e s a t H a r p e r ’s F e r r y h a v e been
re co n stru cte d a n d g re a tly im p ro v e d .
SINKING FUNDS.

PHILADELPHIA DIVISION.

T h e fo llo w in g is the re s u lt fo r the tw e lv e m o n th s e n d e d
J u n e 30, 1894:
Gross earnings.......................................................................$1,833,84178
Expenses........................ ...................................... ................ 1,319,771 96
Net earnings............................. ....................... ...............

$514,069 82.

T h e fo llo w in g is th e co m p ariso n o f the P h ila d e lp h ia D i v i­
sion fo r the tw e lve m o n th s ended J u n e 30, 1894, w ith J u n e 30,.
1893:
"1 Q Q Q

1 QQ/1

7

Gross earnings...$2,139,325 47 $l,833,84t'78 $305,483 69
Expenses............. 1,498,932 58
1,319,77196
179,160 62
Net earnings... $640,392 89

$514,069 82 $126,323 07

14-28
11-95
19-73

T h is d iv is io n h as se ve re ly fe lt th e business d ep ression o f th e
la s t y e a r a n d the e xten d e d co a l strik e . T h e decrease in re v ­
enue fro m p assengers a n d c o a l co ve rs the e n tire lo ss as co m ­
p ared w ith the p re v io u s y e a r.
,STATEN ISLAND RAPID TRANSIT RAILROAD.

T h e fo llo w in g is the co m p a riso n fo r th e tw e lv e m o n th s
ended J u n e 30, 1894, w ith J u n e 30, 1893 :

1893.
1894.
Increase.
Decrease.
Gross earnings...$1,054,031 57 $1,031,373 24 .................. $¿2,658 33
Operat. expenses.
665,395 18
623,917 88 .................. 41,477 36

Net earnings.... $388,636 39
Int., rent. & taxes. 345,223 93

$407,455 36 $18,818 97 ............... . .
350,440 59 5,216 66 ....................

T h e C o m p a n y h a s m a in ta in e d th ro u g h the y e a r its ca sh a p ­
Surplus............. $43,412 46
$57,014 77 $13,602 31 III’. ” '.'.‘.V .“
p ro p ria tio n s to the S in k in g F u n d s of its S te r lin g L o a n due in
T h e W h ite h a ll F e r r y (N e w Y o r k C it y ) lease, re fe rre d to in.
191:7 a n d the P . & C . C o n so lid a te d M ortgage L o a n due in 1926.
the la s t A n n u a l R e p o rt, h as re c e n tly been p u rch a se d b y
T h e se tw o S in k in g F u n d s n o w a m o u n t to $1,457,732.
T h e in v e stm e n ts fo r the a p p ro p ria tio n s a n d in c re m e n ts o f p a rtie s p ro m in e n tly co nn ected w ith th e s u rfa c e r a ilw a y s y s ­
th e M ain L in e S in k in g F u n d s , in p u rsu a n ce o f the a gree m en t tem o f N e w Y o r k .
T h e S ta te n is la n d R a p id T r a n s it R a ilr o a d C o m p a n y h a s, i n
to th a t effect, h a ve been m ade in the C o n so lid a te d M ortgage
co n n e ctio n w ith these g en tlem e n , fo rm e d the S ta te n Is la n d
fiv e per ce n t o n e -h u n d re d -ye a r B o n d s of th is C o m p a n y .
Th e se in v e stm e n ts in the h a n d s o f th e Tru ste e s o f th e M a in R a p id T r a n s it F e r r y C o m p a n y .
B y th is la tte r C o m p a n y the F e r r y w ill h erea fte r be co n ­
L in e S in k in g F u n d s n o w a m o u n t to $10,982,368, v iz . $5,880,000
C o n so lid a te d M ortgage fiv e p er ce n t o n e -h u n d re d -ye a r B o n d s d u cte d , a n d it is b elie ved th e co n tem p late d p la n s in co n n e c­
o f the C o m p a n y a n d $5,152,368 o f o th e r first-c la ss in te re st- tio n th e re w ith w ill m a te ria lly a id the S ta te n Is la n d R a p id
T ra n s it R a ilro a d in the d evelop m ent o f S ta te n Is la n d , one o f
b e a rin g bonds.
PAYMENT TO THE CITY OF BALTIMORE ON ACCOUNT OF the m ost a ttra c tiv e a n d accessib le su b u rb s o f N e w Y o r k C it y .
T h e co m p letio n o f th e n ew P a sse n g e r b u ild in g s a n d f r e ig h t
THE PURCHASE OF ITS INTEREST IN THE PITTSBURG &
CONNELLSVILLE RAILROAD.
y a r d a t S t. G eorge, d eferred fo r reasons re fe rre d to in the la s t
T h e C o m p a n y h a s m ade its e ig h te e n th a n n u a l p a y m e n t of A n n u a l R e p o rt, w i ll n o w be u n d e rta k e n , a n d fin ish e d early$40,000 to the C it y of B a ltim o re on a cc o u n t of the p u rch a se of n e x t sum m e r.
th e c it y ’s in te re st in the P itts b u rg & C o n n e lls v ille R a ilro a d ,
BALTIMORE BELT RAILROAD.
le a v in g s t ill due $280,000 o f the o r ig in a l su m of $1,000,000.
T h e b e lie f, re fe rre d to in the la st A n n u a l R e p o rt, th a t th e
le g a l d iffic u ltie s in o b ta in in g r ig h t-o f-w a y , e tc., w o u ld be
PAYMENT OF EQUIPMENT TRUST BONDS.
T h e E q u ip m e n t T ru s t o b lig a tio n s o f th e C o m p a n y h a ve overcom e in tim e fo r the co m p letio n o f th is L in e d u r in g th e
p ast fisca l y e a r, has p ro ve d in co rre ct.
been issu ed as f o llo w s :
Th ese o b stru ctio n s h a ve co n tin u e d fa r b eyon d re a so n a b le
Car Trust of 1887..................................... ................................ $2,500,000
Equipment Trust, Series A, 1889.................................. ........ 1,000,000 e xp e cta tio n , but the la s t o f th e m , it is b elieved , h as been re ­
Equipment Trust, Series B, 1890............................................. 2,000,000 c e n tly overcom e.
T h e s m a ll re m a in d e r o f co n stru c tio n is n o w b ein g so r a p id ly
$5,500,000
p u sh e d , the M anagem ent feels co n fid e n t th is v e r y im p o rta n t
10 per ce n t o f the p rin c ip a l su m is p a ya b le a n n u a lly , an d
L in e w ill be in fu Ll op eration b y e a r ly S p rin g .
th ere h as been a c c o rd in g ly p a id as fo llo w s :

The Car Trust Loan of 1887 for $2,500,000, seven annual
payments, aggregating........................................................... $1,75°,000
The Equipment Trust Loan of 1889, Series A, for $1,000,000, five annual payments......... ....................................
500,000
r The Equipment Trust Loan of 1890, Series B, for $2,000,(({§) 000, three annual payments....... ............................. ............
600,000
Total payments.................................. .......... ..................... $2,850,000
SPECIAL LOANS AND BILLS PAYABLE.

T h e re is a n in cre ase u n d e r th is head o f $392,866 02 as c o m ­
p a re d w ith J u n e 30, 1893, w h ile “ C u rre n t F r e ig h t a n d P a s ­
s e n g e r B a la n ce s” a n d “ C a sh in H a n d s of O fficers a n d
A g e n ts ,” “ F o re ig n an d D o m e stic ,” a n d o f the “ T re a s u re r”
T a b le E ) sho w s a n in cre ase of $1,818,468 12.




FAIRMONT MORGANTOWN & PITTS. RR. (CONSOLIDATED.)

T h is L in e , re ferre d to in la s t A n n u a l R e p o rt, w a s opened f o r
tra ffic A p r il 1, 1894. T h e ra p id ly -in c re a s in g trad e a n d th e
n ew in d u strie s o p e n in g up on the L in e h a ve m ore th a n f u l­
fille d the e xp e cta tio n s e n terta in e d of th is v a lu a b le B ra n c h .
WORLD’S COLUMBIAN EXPOSITION.

T h e C o m p a n y h as presented to the F ie ld C o lu m b ia n
M useum , C h ic a g o , its e x h ib it o f the “ E v o lu t io n a n d develop ­
m e n t of the R a ilw a y a n d its E q u ip m e n t,” w h ic h w as so h ig h ly
com m ended a t the W o rld ’s C o lu m b ia n E x p o s itio n .
T h is v a lu a b le co lle ctio n w ill th u s be p e rm a n e n tly p reserved *
I t is v e r y a d va n ta g e o u sly p la ced in the M useum .

N ovember 24, 1894.1

THE

CHRONICLE.

TERMINAL LOAN.

T h e C o m p a n y fo r m a n y y e a rs h a d m ade no a d d itio n s to its
T e rm in a ls . T h e business o f th e C o m p a n y w as so u rg e n tly
d e m a n d in g the e n la rg e m e n t o f these a t som e p o in ts, a n d
e n tire ly n e w C o n stru ctio n a t others, th a t the su b je c t w a s
ta k e n u p e a rly in the p resent A d m in is tra tio n , a n d the p la n s
p erfected fo r th is v e r y im p o rta n t o b je ct, re s u ltin g in th e
a c q u is itio n a n d co n stru ctio n o f a m p le te rm in a l fa c ilit ie s a t
se v e ra l im p o rta n t tra ffic p oin ts, n o ta b ly a t the f o llo w in g as
the m ost im p o r t a n t :
P h ila d e lph ia ,— W h e re y a rd s c o v e rin g a b o u t s ix t y acres
h a ve been a cq u ire d w ith T ra n s fe r tr a c k s , C o a l-S h ip p in g
w h a rv e s, etc.
D istrict op Colombia .—G eo rge to w n T e rm in a l, in c lu d in g
th e R a ilro a d co n n e ctio n w ith the M etro politan B ra n c h .
B r u n sw ick , Md .— F r e ig h t Y a r d c o n ta in in g 33 m ile s o f tra c k ,
m R o u n d H o u se , Sh o p s, F r e ig h t T ra n s fe r Sh ed s, a n d a ll the
b u ild in g s re q u isite fo r a g re a t S to rag e a n d T ra n s fe r Y a r d .
C umberland , Md . W h e re , in a d d itio n to the F r e ig h t and
T ra n s fe r Y a r d c o v e rin g som e 16 m ile s o f t r a c k , it is in ­
tended to erect in the c o m in g season the needed Sh o p s
a n d stru ctu re s fo r the th o ro u g h re p a irs o f Lo c o m o tiv e s
a n d C a rs ,— co n c e n tra tin g here, a t th is ju n c tio n o f the
S e co n d , T h ir d , a n d P itts b u rg D iv is io n s , the re p a ir a n d
co n stru c tio n shops n o w in a d e q u a te ly a n d e x p e n s iv e ly
p ro v id e d fo r a t s ix o th e r p o in ts in th e S y ste m E a s t o f
the O h io.
P ittsburg , P a .—A n in cre ase to the e x is tin g T e rm in a ls b y
som e 59 acres fo r the Y a r d s , Sh o p s, s h iftin g a n d storage
tra c k s so m u c h needed a t th is im p o rta n t p o in t, w h ere the
C o m p a n y h as been g re a t ly em b arrassed fo r w a n t o f
g re ate r fa c ilitie s.
B enwood , W . V a ., a s u b u rb o f W h e e lin g . A F r e ig h t T r a n s ­
fe r, Sto ra g e a n d S h if t in g Y a r d o f 98 acres, w ith te n m ile s
o f tr a c k , fo r h a n d lin g th e tra ffic of the F o u r th , C e n tra l
O h io a n d W h e e lin g & P itts b u rg D iv is io n s , c o n c e n tra tin g
a t th is poin t.
T o re im b u rse the C o m p a n y ’s tre a s u ry fo r the la rg e sum s
a d v a n ce d fo r the fo re g o in g purposes, as w e ll as to p ro v id e the
m ea n s fo r the e xp e n d itu re s s t ill needed to co m p lete the w o r k
a t som e o f these T e rm in a ls , th e C o m p a n y n egotiated in the
e a r ly S u m m e r a L o a n o f $8,500,000 up on its F o r t y - Y e a r F o u r
a n d o n e -h a lf per ce n t G o ld F ir s t M o rtgage T e rm in a l B o n d s,
th e proceeds o f w h ic h , e x c e p tin g the su m re served fo r the
co m p le tio n o f som e o f these T e rm in a ls , are b ein g a p p ro p ria te d
to the p a ym e n t o f the in d ebted n ess o f the C o m p a n y , in la rg e
p a rt created fo r the a c q u is itio n a n d co n stru c tio n o f the T e r ­
m in a l F a c ilit ie s re fe rre d to.
T h e M ortgage p ro v id e s fo r the fu rth e r issue o f $6,500,000, to
be e xp e n d ed in su c h a d d itio n a l T e rm in a ls a3 the C o m p a n y ’s
b u sin ess m a y fro m tim e to tim e d em an d , a su m believed to be
s u ffic ie n t fo r a ll fu tu re re q u ire m e n ts fo r m a n y ye ars.
TA BLE

923

T h e ch a n g e s m ade in the G e n e ra l B a la n ce Sh ee t (T a b le E )
a n d the d iffe re n t a cco u n ts in w h ic h the e xp e n d itu re s fo r T e r­
m in a l p roperties heretofore appeared, affected b y th is tra n s ­
a ctio n , are n o w e m bodied in the ite m “ T e rm in a ls (L o a n
1894.)”
W h ile in v ie w o f the e xtre m e depression in bu sin ess th e
M an agem en t h as e xe rcise d th e stricte st eco n o m y co n siste n t
w ith a proper m a in te n an ce o f the p ro p e rty, it h as been deem ed
w ise to co n tin u e the p o lic y o f th e past five ye a rs in e xp e n d in g
la r g e ly , fo r a cco u n t o f “ O p e ra tin g E x p e n s e s,” fo r im p ro v e ­
m ents upon the “ M ainten an ce o f W a y ” a n d “ M ainten an ce
o f E q u ip m e n t,” in a d d itio n to s u c h “ B e tte rm e n ts” as h a ve
been c h a rg e d to “ C o n s tru c tio n .”
I n the first-n a m e d cla ss the e xp e n d itu re s fo r the p ast y e a r
h a ve been co nfine d la r g e ly to im p o rta n t m a te ria l im p ro v e ­
m en ts in road-bed, b rid g e s a n d c u lv e rts, a n d the im p ro v e ­
m ents m ost needed in the olde r p o rtio n o f the “ R o llin g
E q u ip m e n t,” w h ile upon e n la rg e m e n ts a n d im p ro v e m e n ts o f
statio n s, p la tfo rm s, b u ild in g s a n d the lik e , the e xp e n d itu re s
h a ve been co n fin e d to w h a t w as n e ce ssa ry fo r the p rop e r m a in ­
tenance thereof.
9
T h e la rg e a d d itio n s o f n e w “ R o llin g E q u ip m e n t” in the
p a st fiv e ye a rs— th a t ob tain ed la s t y e a r h a v in g been, in v ie w
o f the C o lu m b ia n E x p o s itio n , the re q u ire m en ts fo r the y e a rs
1893 a n d 1894—h as enabled the M an agem en t to f u lly m a in ta in
a n d im p ro v e th is D e p a rtm e n t in th e past y e a r a t less cost
th a n u su a l.
I n the la tte r cla ss o f e xp e n d itu re s— those c h a rg e d to “ C o n ­
s tru ctio n ” — o n ly su ch as Were im p o rta n t h a ve been m a d e .
I n p u rsu a n ce o f th is p o lic y there h a v e been e xp e n d ed d u r ­
in g the past fis c a l y e a r a s fo llo w s :
In Maintenance of Way ('charged to “ Operating Ex­
penses” ) ..................... ........................................................ $2,672,050 36
In Maintenance of Equipment (charged to “ Operating
.................................. .......... .
2,052,105 51
Expenses” ) ........
In Construction (charged to “ Construction” ) ...... ........ 1,150,590 64

T h e v e r y th o ro u g h m a n n e r in w h ic h a ll w o rk done in the
p ast five y e a rs has been c a rrie d ou t h as e nab led the M a n a ge ­
m en t, w ith less th a n th e u su a l e xp e n d itu re , to th o ro u g h ly
m a in ta in a n d la r g e ly im p ro v e the p ro p e rty in e v e ry D e p a rt­
m en t, despite the d is c o u ra g in g c o n d itio n o f tra ffic .
T h e ste ad y im p ro v e m e n t, fo r the past th ree m o n th s o f th e
p resent fisca l y e a r, in n e a rly a ll classes o f m a n u fa c tu r in g
b u sin ess, p rom ise s a re tu rn to n o rm a l co n d itio n s o f ra ilro a d
tra ffic a t no d ista n t date.
T h e decreases in the re ven u e o f the C o m p a n y , fo r th is p e rio d
as co m p are d w ith la st ye a r, a rise e n tire ly fro m th e absence o f
th e E x p o s itio n tra v e l.
*

*

*

*

*

*

*

B y o rd e r o f the B o a rd ,
C H A R L E S F . M A Y E R , P resident.
D.

STATEMENT OF INTEREST CHARGES, TAXES, RENTS, ETC., FOR THE FISCAL YEAR ENDED JUNE 30, 1894.

Loan of 1853, $579,500 at 4 per cent per annum.,..................... ..............................................
Loan o f 1853, $1,709,500 at 4 per cent per annum.....................................................................
Bond for the purchase of the interest of the City of Baltimore in the Pittsburg & Connells
Tille Railroad Company, $280,000 n e t ...,.....................................................................f .........
Loan of 1870, $3,872,000 at 6 per cent per annum....................................................................
Loan of 1872, $9,680,000 at 6 per cent per annum.....................................................................
Loan of 1874, $9,680,000 at 6 per cent per annum.....................................................................
Bonds of Northwestern Virginia Railroad Company, due 1885, extended, $140,000 at 6
per cent per annum.......................................................................................................................
B. & O. Consolidated Mortgage, $10,100,000 at 5 per cent per annum...................................
Baltimore & New York Railway Company Bonds, $350,000 at 5 per cent per annum........
Baltimore & Ohio Car Trust Bonds, $1,000,000 for 6 months and $750,000 for 6 months at
4*2 per cent per annum.................................................................................................................
Equipment Loan, Series A, $600,000 for 9 months and $500,000 for 3 months at 5 p. o ___
Equipment Loan, Series B, $1,600,000 for 4 months and $1,400,000 for 8 months at 5 p. c.
Loan of 1883, $11,616,000 at 4*2 per cent per annum, of Philadelphia Branch and Balti­
more & Philadelphia Railroad Company.......................................... ................ ........ .............
Payments on account of Pittsburg & Connellsville Railroad Company:
Interest on $4,000,000 7 per cent First Mortgage Bonds........... ........................................
Interest on *1,373,600 6 per cent Consolidated Mortgage Bonds.......................................
Bonds of 1885, $10,000,000 at 5 per cent per annum, secured by $10,000,000 Second
Consolidated Mortgage Bonds of the Pittsburg & Connellsville Railroad Company...

$
23,180 00
63,380 00

Central Ohio Railroad Company (Central Ohio Division) 35 p. c. of gross earnings.......
Sandusky Mansfield & Newark Railroad Company (Lake Erie D ivision). . . ...................
Newark Somerset & Straitsville Railroad Company (Straitsvilie Division)............... .
Winchester & Potomac Railroad Company............. ............................. , ....... .......................
Akron & Chicago Junction Railroad Com pany.............................................................. .
Winchester & Strasburg Railroad Company......................................................................
Columbus & Cincinnati Midland Railroad Company................ ........................................
Strasburg & Harrisonburg Railroad C om pany...,............................................. ............... .
Confluence & Oakland Railroad Company........................................ ......................................
Baltimore Washington & Alexandria Branch of the Washington City & Point Lookout
Railroad Company................... ........... ................................................... .............................
Terminals............................................................................................ .......................... ............

General Interest, Discount on Loans and Premiums on Exchange
Taxes: Main Stem..................................... ................ ............................................$186,911 3 1 )
Balto. & Ohio & Chicago Railroad Companies..................................... 83,577 50 >
Other Companies....................................................................................... 186,565 5 0 )
Ground Rents
Totals




Decrease.

$

$
2,400 00

16,800 00
232,320 00
580.800 00
580.800 00
8,400 00
505,000 00
17,500 00
39,375 00
28,750 00
73,333 33

11,250 00
5,000 00

10,001 00

2,174,638 S3
522,72000

280,000 00
398,893 44
500,000 00

Loan of 1879, $3,000,000 at 6 per cent per annum, for account of the Parkersburg Branch
Railroad Company..................................................... ..-............................................... ................
Loan of 1877, $7,744,000 at 5 per cent on account of the Baltimore & Ohio & Chicago
Railroad Companies................................................................................................................. .
Schuylkill River East Side Railroad Company Bonds, $4,500,000 at 5 per cent per annum.
R entals :

Increase.

1,178,893 44
180,000 00
387,200 00
225,000 00

374,299
201,850
29,886
27.000
100,000
2,984
100,800
89,250
7,833
36.000

85
00
99
00
00
00
00
00
33
00

187,446 11

115,686 81
60,569 36

1,157,350 28
196,243 33
457,054 31
43,481 44
6,522,58113

29,924 88
337 00
30,261 88 204,906 18
NetDecreaBe, $174,644 30

THE

924

CHRONICLE.

[V ol. LIX,

TABLE C.
INCOME FROM SOURCES OTHER THAN THE OPERATION OF THE R. R. SYSTEM. FOR THE FISCAL YEAR ENDED JUNE 30, ’94,
June 30, ’94.
$354,429
545,489
25,444
60,000
313,961
291,761
391,771

Casta received from Interest on Bonds and ottaer indebtedness..........
“
“
and declared Dividends on Stoct s...................................
a
“
from House Rents........................................... ....................
“
“
Western Union Telegraph Company account Annuity
“
“
from Sterling Main Line Sinking Funds.........................
Schuylkill River East Side Earnings........................................................
Miscellaneous......................... ............... ........................ ... — ...........

Increase.

20 $311,801 33
14
$456,762 36
29
1,537 68
00
36
44
82

$1,982,857 29 $311,801 33

Total...

Net decrease, $268,520 03

TABLE F.
PROFIT AND LOSS FOR THE FISCAL YEAR ENDED JUNE 30, 1894.
1893.
DB.
OB.
1893.
June 30. By Bal. at Credit of this Act.
$24.,578,513 11
Nov. 15. To 2 ^ per cent Dividend on
1894.
Common Stock, $24,997,300,
$624,932 50 June 30. By income Account for the
for 6 mos. ended June 30, *93.
y e a r....................................
1894.
272,313 78
June 30. By increment from Sinking
June 30. To Depreciation of Rolling
Funds, account Main Line
Equipm.—incl. that put out
and Baltimore & Ohio &
of service—to June 30,1894.
422,606 38
Chicago Companies........ .
$608,755 59
June 30. To Interest on * on. Mortgage
Less Credited Inc. Act,Table C. 313,961 36
Bonds in the Main Line Sink.
Funds, the Coupons of which
294,794 2 3
are payable in Con. M Bonds.
252,395 83 June 30. By Increment from Sinking
Fund Wash C. &P. Look. Ry.
June 30. To Adjust, of Sundry Accounts
8,340 00
120,300 36
pertaining to prior years.......
24,173,726 05
June 30. To Balance carried down-------$26,153,961 12
1894.
$26,153,961 12 June 30. By Balance Brought down.
$24,733,726 05

TABLE E.
GENERAL BALANCE SHEET, JUNE 30, 1894.
Increase.
Co st

op

Decrease.

R oad :

For the construction of the Railroad from Baltimore, Md., to Wheeling,
W. Va., including the cost of the Locust Point, CuTtis Bay, Sea Wall, Fred­
erick, South Baltimore, Patuxent and Metropolitan Branches, Camden
Cut-Off, second,third and fourth tracks, comprising 795'77 miles of standardgauge single track, 248'93 miles of siding track, and including Telegraph
Wires ana Equipments, owned by the Company, and value of annuity re­
tained under Western Union contract, depots, stations, warehouses, shops,
fixed machinery in same, Canton Ferry, w harves in Baltimore, Philadelphia
and New York, and Floating Equipment...........................................................

B r id g e

over

O h io R i v e r

at

B r id g e

over

O h io R i v e r

at

B e n w o o d , W . Y a ..............................................................
P a r k e r s b u r g , W . V a ..............................................

37,146,226 05

703,091 62.

1,032,818 36
1,353,423 68

R o l l in g E q u ip m e n t :

Consisting of 520 Engines, 348 Passenger, 5 Dining, 53 Express, 90 Baggage
and Mail, 357 Refrigerator, 16,480 Freight and Road C ars......................

R e a l E s t a t e — Cost to the Company.
Cost

op other

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

12,886,705 36
4,356,623 68

R o a d s owned by the Baltimore & Ohio Railroad Company:

Baltimore & Ohio &Chicago R ailroadRepresented by bonds............................ . ......................$7,744,000
Represented by stock..................... ................ . .............. 1,503,450
--------------- $9,247,450
Ohio & Baltimore Short Line Railroad...................................................................
Skipnish Branch Railroad
Balto., Wash, and Alex. Branch of the Wash. City & Point Lookout R.R.
Philadelphia Branch Railroad.............................................. ...............,....

290,240 52
10,435 15
540,000 00
7,172,348 24

B. & O. C a r T r u s t •
Consisting of 96 Engines, 30 Passenger, 5 Baggage, 3 Refrigerator andI
3,356 Freight Cars............. .-...•............................... : . . . . . . . . . . .
Equipment Trust, Series A—Annual Payment................... ...........................
Equipment Trust, Series B—Annual Payment..................................................
Betterment -Car Trust Cars, B. & O. of 1887. ....................... : ........ ...........
“
“
“
Series A ...............................................................
■*
“
“
Series B
1.......____ : ........... .................;....
Wheelage Car Trusts__ J: :
............... . 1
..................................

E q u ip m e n t

487,682
359,4595

56,775,797 13

1,727,178 01

8,013,023 91

op

S in k in g F u n d s :

Cancelled Miscellaneous B. <ê O. Cons,
Bonds o f Issue.
Bonds.
5 yer cent.

On acct. Sterling Loan, due 1895____ $417,208
On acot. Sterling Loan, due 1902.___ 378,488
On acct. Sterling Loan, due 1910....... 45,496

$1,785,204
2,429,500
937,664

$841,192

$1,597,000
2,098,000
2,135,000

$5,152,368

and

A p p r o p r i a t io n s

op

Si n k in g F u n d s :

In Bonds.. . ....................................... ....................................................... ......... .......
In Cash........................... , . ....... . . ...... ............................. ................................. .

B o n d s , St o c k s
D ebt:

and

P r o p e r t ie s H e l d

by

T ru stees

as

S e c u r it y

por

Bonds and Stocks of other Incorporations.............................................................
Advances for Construction and Permanent Improvement on Lines Leased
and Operated................................................... .....................................................
Due from other Railroads in General Account.....................................................
Traffic Balances due from Connecting Lines...... ................. .................... ..........
BiUs and Accounts R eceivable.......................................... .........................
Materials on Hand (Supplies, Fuel, &c.).......................... .......... ...........................
Due from Agents, Current Freight and Passenger Balances..... . ..................
Cash in Hand of Officers and Agents.............................. ........................
Cash in Hands of Foreign and Domestic Agents to pay Coupons due July 1..
Cash in Hands of Treasurer.............................................. ...........................'■■■___ _




3,799,412 00
4,905,988 00
3,118,160 00

238.000 00
320.000 00
215,064 00

886,688 00

77,440 00

79,000 00
992 32
95,849 87

12,789,248 00[

96,842 19

9,126,55'

39,560,186 52
16,805,171 75

8,500,000 00
2,753,407 84

B onded

Parkersburg Branch Railroad 1 st Mortgage Bonds.............................................
Baltimore & Ohio and Chicago Railroad 1st Mortgage Bonds...........................
Baltimore & Ohio and Chicago Railroad stock...................... .............................
Pittsburg & Connellsville Railroad 2d Consolidated Mortgage Bonds.........
Wheeling Pittsburg & Baltimore Railroad 1st Mortgage ($5,000,000) Bonds.. .
Baltimore & Philadelphia Railroad Company 1st Mortgage(£1,000,000) Bonds
Washington Branch Stock........... ................................. .
....................... .........
Terminals (Loan 1894)........... .......... .......................................................................

Totals.

100,000 00
200,000 00
569 30|
2,403 95
580 00
99,288 72

$5,830,000

On acct. Sterling Loan, due 1 9 2 7 ...................... ................... ...........................................
On acct. Baltimore, Washington and Alexandria Branch of the Washington
City & Point Lookout Railroad Co....................................................................... 1
U n in v e s t e d I n c r e m e n t

2,500,000 00
502,598 44
600,000 00
25,693 24
39,833 52
5,995 66
185,942 06

3,000, 000 00
5 7,744, 000 00
( 1,445, 00000
10 , 000 , 000 00
3,003. .186 52
4,840; 000 00
1,028.,000 00
8,500;,000 00

4,124,07112
2,111,609 30
423,123 72
226,340 25
2,515,240 80
1,127,945 35
906,525 04
977,058 96
3,062,895 88 11,818,468 12
321,388 171
271,187 66 J
'

1,090,587 67
1,177,642 80
344,221 74

152,613,433 071 15,688,634 081 5,889,863 78'
Increase, $9,798,770 30

THE

N o vem ber 24, 1894,!

CHKON1CLE

925

TABLE E. ( Concluded.)
GENERAL BALANCE SHEET JUNE 30, 1894.

Capital Stock .—1st Preferred...................................................... $3,000,000 00
2d
“
.......................................... .
2,000,000 00
Common.............................................................. $24,997,400 00
Scrip...... ...............................................................
2,600 00

$

Cr.

$

Increase.

Decrease.

9

$

.

5,000,000 00
30,000,000 00

7,886 00

-Ground R ent L iens.—Capitalized at 6 per cent.—Main Stem.............................
Philadelphia Branch...........

670,459 00
16,916 67

B onded D ebt Secured by Mortgage Lien Main L ine :
Loan 1853, due 1880, extended at 4 per cent, January and July .....................
Loan 1853, due 1935, extended at 4 per cent, April and0etober.$2,500,000 00
Less paid ana cancelled............................................. ..................
790,500 00

579,500 00
1,709,500 00

Loan 1875, due 1900, purchase of City’s interest in P. & C. R. R.$1,000,000 00
Less 18 annual payments to July 1, of $40,000 each; 7 an­
nual payments vet to be made, 6 per ce n t.....................................................
Loan 1870, due 1895, £800,000 Sterling at $4 34, March and September, 6%.
Loan 1872, due 1902, £2,000,000 Sterling at $4 84, March and Sept., 6%.......
Loan 1874, due 1910, £2,000,000 Sterling at $4 84, May and November, 6%.

280,000 00
3,872,GOO 00
9.680.000 00
9.680.000 00

25,801,000 00

B onded D ebt Secured b y Mortgage L ien and Collateral :
Loan of 1883, due 1933, £2,400,000 Stg. at$4 84, A. andO., Phila. Br.,4%%...
Loan 1887, due 1988, Consolidated Mortgage, Aug. and Feb., Main Stem, 5%.
Loan 1887, due 1988, Consolidated Mort., August and Feb., Main Stem, 5% >
Coupons payable in new bonds........................................................................ 5

11,616,000 00
10,100,000 00
5,830,000 00

27,546,000 00

775,000 00

B onded D ebt Secured by Collateral :
Loan 1879, due 1919, Parkersburg Branch Loan, April and October, 6 % ........
Loan 1877, due 1927, £1,600,000 Stg. at $4-84 (B. & O. & C.), J. and D., 5%..
Loan 1885, due 1925, on act. Pittsburg & Connellsville, Feb. and Aug., 5%...
Loan 1887, due 1897, Car Trust Bonds, Jan. and July, 4*2%-• .$2,500,000 00
Less payment (3 annual payments yet to be made)................. 1,750,000 00

3,000,000 00
7,744,000 00
10,000,000 00

21,494,000 00
8,500,000 00

8,500,000 00

750,000 00

Loan 1894 (Terminals), due 1934, December and June, 4^ % .........................
B onds A ssumed by the B. & 0. R. R .:
Northwestern Virginia Railroad Company, 6%....................................................
Alexandria Branch of the Washington City & Point Lookout Railroad, 6%__
D ue

to the

Sinking F unds in 5% Consolidated B onds................ $992 32
in cash......................................................................95,849 87

140,000 00
540,000 00

687,375 67

40,000 00

680,000 00

Dividends and Coupon Interest uncalled f o r ...........................................................
Due to the Baltimore & Ohio Employees’ Relief Department..............................
Due to the Pittsburg & Western Employees’ Relief 'Department.........................
Washington Branch, including annuity................ ...................................................
Due to other roads on general"account......................................................................
Traffic Balance due to Connecting Lines...................................................................
Accrued Interest on Funded Debt and Loans to June 3 0,1894...........................
Accrued Rentals to June 30,1894...................................... '.......................................
Accrued Taxes to June 30,1894................................................................................
Special Loans and Bills Payable.................................................................................
Pay-Rolls for June, payable in July......................................................................
Accounts Payable..~...'..................."...................................................................
Individuals and Companies.................................................
»Unclaimed Wages__ ! ................................................................................
Wages Attached.....................................................................................................
Profit and L o ss........................................................................ ...................................

96,842 19
20,680 83
305,63114
8,359 85
869,189 50
1,748,513 19
102,562 94
1,222,773 62
291,706 56
261,262 86
4,119,654 75
730,912 12
1,679,172 83
1,673,372 28
31,760 54
8,936 15
24,733,726 05

Totals...........................................................................................................

152,613,433 07

B U FFA LO R O C H E S T E R & P IT T S B U R G
R A ILW A Y CO M PA N Y.
ANNUAL REPORT FOR THE YEAR
30, 1894.

ENDING JUNE

The Board of Directors of the Buffalo Rochester & Pittsburg
Railway Company submits to the stockholders the following
report for the year ending June 30,1894:
Gross earnings...................................................................... $2,819,825 17
Against last year..... ........................................................... 3,354,464 11
A decrease of 15-94 per cent, or...................................

$534,638 94

Operating expenses............................. .................................$2,050,435 13
Against last year................................................................... 2,357,410,99
A decrease of 13-02 per cent, or...................................

$306,975 86

Net earnings..........................................................................
Against last year...................................................................

$769,390 04
997,053 12

A decrease of 22 83 per cent, or..................................

$227,663 08

Cost of operating, including $30,101 23 extraordinary
expenses and improvements, and excluding $39,588 22 miscellaneous receip ts..................................... . 74-83 per cent
Against last year.
..................................
7 2-14 per cent
From the net earnings.......................... ......... ...................... $769,390 04
Are to be deducted:
Interest on funded debt................................ $594,367 72
Interest on floating d e b t .......... ....................
30,12611
Rochester & Pittsburg Coal & Iron Co.—
Rental o f 500 cars . . .
................ .......... 16,200^00
New York Lake Erie & Western RR. C o .Rental o f track .................... .
36,23182
Clearfield & Mahoning Ry. Co.—Rental of
track............. ........ ............................ ........ . .
71,500 00
Taxes........ .......1............................................... 69,889 75
--------------- 818,315 40
Deficit........ .............. .................. ....................................... .
Extraordinary expenses and improvements.....................

$48,925 36
30,10123

N etloss.......... ................................... , . r..............................
Against a profit last y e a r . . . . . . .. ...................... .................

$79,026 59
251,701 71




250,000 00

9,126 55
8,359
21,070
406,839
62,304

85
51
22
57

47,296 45
392,866 02
261,793 51

2*747 13
91,706 87

11,152 94
17,458 40
138,553 55
275,700 12.

136 67
155,212 94

6,030 98

10,640,006 29
841,235 99
Increase $9,798,770 30

Thé decrease in gross earnings, excepting that derived from
coal freights, was caused by the well-known depression in all
branches of business. This was particularly true of the coke
trade. The tonnage in this commodity shows a falling off of
43 56-100 per cent.
The coal tonnage up to April 21st, 1894, when the great
miners’ strike began, was within 1 54-100 per cent of the total
shipped during the previous year.
This remarkable strike lasted from April 21st to June 28th,
when a few of the mines resumed operation, but all were not
at work until July 10th. The strike was unprecedented, for
at no time did the miners make any demands, or give any in­
dication of their desires or intentions. For more than ten
weeks no coal or coke was transported. It can safely be esti­
mated that your tonaage was decreased during this period
fully 425,000 tons. The los3 in gross earnings attributed to
this cause was actually $397,090 06.
Prior to the strike each month showed a profit over and
above all charges. During the . strike the net losses of the
Railway Company aggregated $190,518 28, which overwhelmed
the profits of the preceding months, and resulted in a loss of
$79,026 59 on the year’s operations.
The increase in the ratio of operating expenses is chiefly due
to the extra amounts expended during the closing months of
the year for the Maintenance of W ay and the Maintenance of
Equipment—advantage having been taken of the light traffic
to do needed work in the most economical manner. Nineteen
miles of track were thoroughly ballasted with gravel, and
more than the usual amount of repairs made to rolling stock,
thereby abnormally increasing the operating expenses.
TONNAGE.

The tonnage moved was as follows:
.............................. ..................... 1,894,595
Bituminous Coal
Last y e a r ..........................................................................1,924,275
A decrease of 1-54 per cent, o r . . . . , ............... ........
29,680
Coke........................................................................... ........ 177,149
Last year........................................................ ............... . 313,868
A decrease of 43-56 per cent, or............................
136,719
Other freight . . . . , ..... ................... ........................ .
910,988
Last year......... ...............................................................1,089,395
A decrease of 16-38 per cent, or............................
178,407
Grand total tonnage.......................................................2,982,732
Last y e a r....................... .................... ............................3,327,538________
A decrease of 10-36 per cent, or....................... ....
344,806

92b

THE

CHRONICLE,

The strike alone prevented the coal tonnage for this year
being the largest in the history of the company—as it is the
decrease is only 1*54 per cent.
**' The coke tonnage still continues to reflect the extraordinary
depression that has characterized the iron market for the past
few years. The new year is showing an increase of tonnage
and fair indications of improvement.
The decrease in other freight is largely in the movement o f
Merchandise, Ice and Stone—thes9 three items showing a loss
of 187,385 tons.
The rate received per ton per mile decreased slightly, being
5 4-10 mills, as against 5 5-10 mills last year. The cost per ton
per mile was 3 8-10 mills—the same as last year.
The passenger traffij was as follow s:

[ V o l . L1X.

The net result is an increase of $163,000 in the total bonded
debt of the company.
JOHNSONBURG & BRADFORD RAILROAD.

This line, extending from Howards, Pa., to Mt. Jewett, Pa.,
a distance of 19'60 miles, is now completed, at a total cost of
$917,554 73, of which $150,449 40 appears in the accounts o f
this year.
A further arrangement was entered into with the N. Y .
L. E & W . RR. Co. to build 8 ‘56 miles of double track at an
estimated cost of $57,000, thus completing the two tracks
between Mt. Jewett, Pa., and Clarion Junction, Pa.—the line
over which your company has trackage rights. The money
required is advanced by your company on N, Y. L E. & W .
RR. Co. notes bearing 6 per cent interest, payable in cash or
Passengers carried...... .......................................... ........ 771,128
trackage. In accordance with the contract, our cost per
Last year............................................................................... 802,937
annum will be one-half of the interest on the amount ex­
A decrease of 3-96 per cent, o r ...................................
31,809 pended, at the rate of 6 per cent.
The benefit of the new line in conjunction with this double
All the decreases in traffic were due to the strike and the
general depression of business that prevailed throughout the track is already apparent in the improved movement of traffic
and the marked reduction of operating expenses.
year.
ROAD OPERATED.
1894.
1893.
Miles.
Miles.
Main line owned................................. 240-09 238-89
13-13
Branches owned ................................ 14-13
Three proprietary roads.................. 30-93
11-92
One road le a s e d ............................. 21-87
Trackage rights............
24-76
40-23

CLEARFIELD & MAHONING RAILWAY.

This line (referred to in our last year’s report), extending
from DaBois Junction, Pa., to Clearfield, Pa., a distance of
25"87 miles, was completed during the year at a total cost of
$1,344,478 63. The stock and bonds of the road realized
$1,300,000 00, leaving $44,478 63 advanced by your Company.
The cost will be further increased by about $80,000 00 required
31-61
Length of road operated................ 335-78
3 >417
for additional sidings, and the Hog Back branch, extending
15 50
Sidings........ ...................................... 112-49
96-99
from a poiat between Clearfield, Pa., and Curwensville, Pa.,
to the lands of the Clearfield Quarry Co., a distance of 4%
Total miles of track operated.
443*27
401-16
47-11
......
Total miles laid with steel rails___ 413-27
362-68
50*39
......... miles, now under contract to be completed the 1st of January
The increased mileage is caused chiefly by the opening of next.
This new line moved 364,960 tons of freight, besides making
the Johnsonburg & Bradford Railroad and the Clearfield &
Mahoning Railway, both of which were regularly taken into very satisfactory returns of passenger earnings.
the accounts of this company at the beginning of the fiscal
ROCHESTER & PITTSBURG COAL & IRON CO.
year.
The operation of the Rochester & Pittsburg Coal & Iron Co.
The sidings were increased 15-93 per cent, or 15-50 miles, for the fiscal year ended June 30tb, 1894, after deducting
making the ratio of sidings to road operated at present time $56,000 bonds that matured and were paid off out of the net
33 5-10 per cent as against 3L 9-10 per cent last year.
earnings, shows a loss of $32,989 99, due to the entire stoppage
of business, and the otherwise needless expenses entailed by
CONSTRUCTION.
the prolonged strike of the miners, covering a period from
The following amounts have been charged to this account. April 21st, 1894, to July 10 th, 1894.
Six new iron bridges—one fourth cost................... ..................$5,712 29
The total surplus of the company at the beginning of the
New Passenger Station, Bradford, Pa ....................................... 8,708 72
New Passenger Station, DuBois, P a .........................................13,367 49 year was $15,518 72. After writing off the loss on the year’s
Land in Bradford, Pa.................. .......... . ............................. 8,4u0 0O operations, there remains a net deficit on June 30;b, 1894, per
Land at other p o in ts............. .................................................... 5,458 38 their general balance sheet, of $171,471 27.
Lincoln Park Water-Works.................................................. . — 3,165 94
The policy pursued by your management for several years
Additions to shops, machinery, etc
.......................................10,098 18
Re-lajing track with heavy steel rails.......................................17,145 49 past, in making liberal expenditures upon the rolling stock
Sidings and track extensions.......... .
................................ 22,021 58 and roadway, has been continued during the past year, even
Sundry miscellaneous items..................«..................................... 4,788 70 to a greater extent than ever before, greatly benefiting your
Total.......... ................ .................. ......................................... $98,866 77 property, which is now evident in its constantly increased
earning ability at a lower cost of operation. The general
The new stations at DuBois and Bradford, constructed sub­ physical conditions have steadily improved.
stantially of stone and brick, are handsome structures—a
The Board desires to express its thanks to the officers of the
source of pride and sati faction to the rapidly growing towns company for the efficient services rendered by them.
in which they are located.
Statements and statistics of the operations for the year are
Owing to the greatly increased weight of modern equip­
ment, your management has adopted a standard steel rail of submitted herewith.
By order of the Board,
the best quality, weighing 80 lbs, to the yard. During the
ARTHUR G. YATES,
year 19-51 miles of main track were relaid with this standard
President.
rail, making a total mileage of 80-5 miles, or 23-98 per cent of
the total road mileage now equipped with the heavy rail.
Other important improvements were made as follow s:
— Messrs. Pfeiffer & Pronick, No. 6 Wall Street, make a
57*58 miles of main track b illasted with gravel, cinder and
stone ; 12-60 miles of new wire fencing built ; sidings were in­ specialty of street railway and gas company securities of
New York, Brooklyn and other large cities, and deal in rail­
creased 15 50 miles.
road, municipal and other securities for investment. Their
EQUIPMENT.
card appears in the I n v e s t o r ’ s S u p p l e m e n t .
There was expended for new rolling stock as follow s:
—Messrs. Redmond, Kerr & Co. offer a list of investment
Eight locom otives............................................... $79,707 41
bonds in our advertising columns. This firm has opened a
Two hundred and three freight cars ................ 106,499 91
branch office in Philadelphia at 423 Chestnut Street. Applica­
Twenty-seven company’s service cars........
7,204 58
Air brakes and other betterments....................... 5,556 74
tion for prices and descriptions o f bonds can be made there or
---------------- $198,968 64 at their address in New York, 41 Wall Street.
The acccount was credited for equipment, wrecked
— The New York News Bureau called attention on Tuesday
and destroyed, charged to operating expenses :
last to its being the first anniversary of its news publication.
Three hundred and two freight ears................$117,611 16
The “ yellow sheet ” has, in the brief space o f a year, become
Eight company’ s service cars...........................
5,007 48
---------------122,61864one of the indispensables of Wall Street.
MakiDg a net increase o f . . . . ....................................
$76,35000
— Messrs. Frederick Paxson & Co., Drexel Building, Phila­
Of the above equipment three freight cars and eleven com­ delphia, in addition to a general stock-brokerage business*
give attention to orders for futures in cotton and grain.
See
pany’s service cars were built at the company’s shoos.
Towards the close of the year, 246 freight cars of light their card on the last page of this issue.
capacity standing on the books at $98,850 were condemned as
—The card of Messrs. Charles A. Baldwin & Co., 40 and 42
not worth repairing, and destroyed; and the equipment
Wall Street, appears in the C h r o n ic l e to-day. They have
account was duly credited. In order to equitably distribute thoroughly
offices and transact a general banking and
the absorption of this amount in the accounts, $76,224 36 was commissionequipped
business.
cariied over into the new year to be charged against operating
expenses at the rate of $4,500 per month.
—A sale of securities pledged for payment of Equitable
Mortgage Company Debentures is advertised for the 26ch inst.
BONDED DEBT.
on another page by the New York Security & Trust Company*
There were issued during the year $147,000 of the general trustee.
mortgage 5 per cent bonds, and the proceeds applied to the
—Mr. F. J. Lisman, 30 Broad Street, announces that he deals
construction of the Johnsonburg & Bradford RR.
in the inactive issues of the Union Pacific system and other
$130,000 car trust bonds matured and were paid off. A new railway securities.
series, No. 11, was issued for $155,000, making a net increase
—The Bondholders’ Committee will receive further deposits
of $25,000 in car trust bonds.
A payment of $8,000 was made on the real estate mortgages, of the Kansas Pacific consol. 6s until Dec. 20 upon payment of
and a $4,000 mortgage was given in the purchase of lands $10 per bond.
during the year, making a net decrease of $4,000 in real estate
—Messrs. Charles T. W iag & Co. advertise in to-day’s
mortgages.
C h r o n ic l e a list of investment bonds.




Inc.
1-20
100
1901
25-87
........

Dec.
........
........
........
........
15-47

N o v e m be r 24, 1894. J

THE

CHRONICLE.

Savannah Americas & Montgomery.—On Nov. 17, in the
United States Circuit Court in Alabama, in the case of the
Pennsylvania Steel Company against the Savannah Americus
& Montgomery Railway Co., the suit was dismissed with
costs. The plaintiff sought to establish its claim as a lien
ahead of the first mortgage bonds of the railway, and prayed
for a separate receiver for the Alabama Division of the road.
This suit has been the cause of considerable annoyance to the
reorganization committee, as a temporary injunction had
been granted restraining the foreclosure of the first mortgage
and preventing the trustees from getting a decree for the sale
of the property. This injunction has now been dissolved, and
the way prepared for the decree of sale, which the committee
expects to obtain very shortly. Everything is now favorable
to a speedy and successful reorganization of the property.
The reorganization committee has determined to construct
an entirely new and independent line from Lyons, its present
Eastern terminus, to Savannah, unless satisfactory arrange
ments can be made for the purchase or complete con
trol of the Eden Extension of the Savannah & Western Rail
way, over which the Savannah Americus & Montgomery has
at present to reach Savannah. This route has already been
surveyed, estimates submitted and rights of way acquired for
a considerable portion of the distance.

927

© u m r a e m a l E ir a e s .
COMMERCIAL

EPITOME.
F r i d a y N ig h t , N ov . 2 3 ,1 8 9 4 .

The demand for raw materials has been of moderate char­
acter, as consumers are quite generally inclined to curtail in­
vestments until they have perfected plans for manufacturing
operations after the opening of the new year. In finished
products of staple character there is a fair average business.
Weather conditions have been unsettled in the Middle, West­
ern and Northwestern latitudes; unusually low temperature
for the season was reported on one or two days from several
localities, followed by rain. The condition of growing wheat
is generally fair, although in a few sections of the seeded
area a greater amount of moisture would be beneficial. There
has been an increased movement of whéat and com from
growers’ hands, and that feature, together with considerable
shrinkage in foreign demand, has weakened the value of all
grains. The receipts of swine have been large and prices
easier.^ The apparent cheapness of leading articles Of mer­
chandise continues to attract some speculative buying from
Syracuse Binghamton & New York.—The report for the outside sources.
Lard on the spot has sold moderatelv well, but at lower
quarter ending Sept. 30, to the New York State Railroad Com
prices, closing" at 7-39c. for prime Western, 6%@6%o. for
missioners, is as follows :
The
July 1 to
Gross
Ratio
Net
Fixed
Balance, prime City and 7*55c. for refined for the Continent.
Sept. 30.
earnings,
o f ex. earmngs.
charges.
surplus, speculation in lard for future delivery at this market has been
1 8 9 4 ............... $256,*¿66
52*3 $122,091
$44,905
$77,186 at a stand-still, and prices have declined in response to weaker
1893........ i ......... 246,906 58*8
101,573
44,905
56,668 advices from the West and under heavy receipts of swine at
Toledo St. Louis & Kansas City—The intervening petition primary points, closing dull.
of the preferred stockholders to the extent of $2,000,000 was
DAILY CLOSING PRICES OP LARD FUTURES.
argued Tuesday in the United States Court before Judge Ricks
Sal.
Mon. Hues.
Wed. lhurs.
Fri.
at Cleveland. The petition asks that they may be allowed November............. .......... 7*60
7-60
7*45
7-40
7-35
7*25
7*50
7*40
7-35
7-30
by the Court to become parties in the suit for foreclosure and December . . . . . . . .
7*25
7*55
7-40
7-35
7-30
7*35
substantiate certain equitable rights which they claim exist May..... .................. .......... 7*55
Pork has been in better demand, but at easier prices, closing
against the allowance of the first mortgage bonds before a
at $13 50@$14 for mes3, $L4@16 50 for short clear and $13 50@
decree of foreclosure is entered upon.
for family. Cut meats have been in moderate request at
#Ex-President Harrison argued in the interest of the applica
tion. He was opposed by attorneys for the Central Trust unchanged values, closing steady at 7c.@7J^c. for pickled
Company of New York, trustees of the first mortgage bonds. bellies, 12@ 10 lbs. average, 53^c. for pickled shoulders and
Judge Ricks allowed the attorneys of the adverse parties 8 ^ c .@ 9 ^ c . for pickled hams. Beef has been quiet and with­
until December 20 to file affidavits to meet new matter appear­ out change, closing at $8«6$10 for packet, $10@$12 for family
ing in the petition of the applicants. It was claimed that the and $16@$18 for extra India mess. B3ef hams have been
petition was radically different from the original one and that steady at $17@$17 50.
Tallow has made a slight improvement and the close was
the trust company’s attorneys had not been apprised of its
steady at 4 ll-16c. Lard stearine has declined, closing at 934c»
contents.
Oleo stearine has advanced and the closing was steady at
Union Pacific.—The receivers have been authorized to pay 734c. Cottonseed oil has been in fair demand at advancing
the coupon due in August last on Oregon Short Line firsts prices, closing steady at 27c. for prime crude and 3134c. for
and the July coupon on Utah & Northern.
prime yellow. Butter has been moderately active at firm
In the Fedeial Court at Omaha this week Judge Sanborn prices, closing at 15c.@28c. for creamery. Cheese has been
acted on a number of petitions of the receivers and the re in good demand at higher prices, closing firm at 9 c .@ ll^ c .port of the Master, which was published in the Chronicle for State factory, full cream. Fresh eggs have advanced, and
in the issue of Oct. 27. Correct details as to the decisions the close was steady at 24c. for choice Western..
have not come to hand but the recommendations of the
Raw sugars sold with a trifle more freedom, but demand
Master, it is understood, were mostly approved.
was promptly met and market ruled easy. Centrifugal quoted
at 334c. for 96-deg. test and muscovado at 3c. for 89 deg. test.
Union Pacific—Denver Pacific.—A despatch from Denver Refined sugars have sold very slowly and a reduction in cost
says that papers in the foreclosure suit begun at St. Paul on failed to stimulate demand; granulated quoted at 434c. Other
Nov. 17 by George Gould and Russell Sage, trustees for the staple groceries quiet.
bondholders, to foreclose the mortgage on the Denver Pacific
Coffee has found active demand and prices were stimulated
has been filed in the United States Court at Denver in order to a higher level, especially on the mild grades. Rio quoted
to facilitate court proceedings. This road is that portion of the at 1534c. for No. 7; good Cucuta at 19 <2!1934c* and interior
Union Pacific system between Denver and Cheyenne. The Padang at 2434@25c. Contracts for future dèli very during
first mortgage bonds are held in trust as part security for the early portion o f the week were stimulated by continued de­
Kansas Pacific consols.
mand to cover shorts, but subsequently offerings were more
plentiful and prices fell away, closing rather tamely. The
Wheeling & Lake Erie.—The call for the stockholders’ following were final asking prices:
meeting, December 22, says the object is to consider whether Nov................. 13-850. F e b ................ 12*45o. May.................. ll*75o.
assent should be given to a lease of the Valley Railway, in­ D ec........ ......... 13 30c. March...........12*20e. June............... .ll*65c.
cluding the guaranty by Wheeling & Lake Erie of the pay­ Jan.................. 12-750. April................11-90c. Sept..................ll*55o.
ment of principal and interest on the first mortgage 5 per cent
Kentucky tobacco has been quiet and without change; sales
bonds of the Valley road to an amount not exceeding $4,000,- 100 hhds. Seed-leaf tobacco has sold slowly but prices have
000, and the application of the annual surplus from the leased held steady; sales for the week were 1,600 cases, as follows :
railway, after paying the first mortgage interest, to the pay­ 300 cases 1892 crop. New England Havana, 16@40c.; 150 cas°s
ment of interest at 6 per cent on not to exceed $3,000,000 of 1893 crop, New England Havana, 534<512c ; 200 cases 1893
debenture mortgage bonds, or upon such other terim as the crop, Pennsylvania Havana, 9@10c.; 150 cases 1893 crop, Penn­
Wheeling stockholders may determine.
sylvania seed leaf, 534@8c. ; 200 cases 1893 crop, State Havana,
Authority to issue $5,000,000 of additional stock is asked for S@8c.; 300 cases 1892 crop, Wisconsin Havana, 9@12c.; 150
the purpose of constructing a second track, extending the cases 1893 crop, Wisconsin Havana, 5@8c., and 150 cases sun­
line, construe*ing branches, increasing rolling stock, &c., or dries, 5@20c.; also 750 bales Havana, 68c.@$l 05, and 450
for the purchase of any railroad within the State of Ohio bales Sumatra, 90c.@$3 in bond.
which may be sold by judicial order. In regard to the Valley
The speculative dealings ia the market for Straits tin have
road the circular says:
continued slow, and prices have declined in response to
This company will thus acquire control of a line which at one ex­ weaker advices from abroad. The close, however, was steady^
tremity connects with our own road and at the other affords an en­ at 14*10c. Ingot copper has declined a trifle, but the close
trance to the city of Cleveland, which is much the largest port on Lake
Erie, and an entrance into which is of very great importance to the was steady at 9.45c. for Lake. Lead has been quiet and with­
interests of this company We shall thus acquire large additional facili­ out change, closing steady at 3*15e. for domestic. Spelter has
ties upon the lake, Besides reaching the important cities of Cleveland, been dull and unchanged, closing quiet at 3 35c. for domestic.
Akron and Canton. A new and very large market will be provided for
the coal produced upon our line. A large addition will be made to the Pig iron has sold moderately well at steady prices, closing at
75 ®$13.
traffic in iron ore. A short, direct and continuous route for passenger
service will be established between the cities of Cleveland and Wheel­
Refined petroleum has been steady at 5* 15c. in bbls., 2*65c;
ing; and the line m aybe expected to obtain a full share of the large in bulk and 6*25c.in cases; crude in bbls. has been uuchinged,
local traffic between Cleveland and its vicinity, and the manufacturing
district in and about the city of Wheeling. The Valley Railway has of Washington closing at 6e. in bbls. and 3*5 Jo. in bulk; naphtha
late been operated under many disadvantages. Yet even its recent 5%c. bid. Crude certificates have been dull, closing at 8 2 ^ c.
earnings, if the cost of operation could be reduced to the same propor­ bid. Spirits turpentine has declined, closing easy at 2734c.'®
tion as the cost of operation bears to the gross earnings of this com­ 28c. Rosins have been dull and easy, closing at $L 39 $$1 35
pany, would suffice to pay the interestupon the entire issue of proposed
new first mortgage bonds and leave a substantial surplus for interest for common and good strained. Wool has bean in batter de­
upon the debenture mortgage bonds.
mand and steady. Hop3 have soli fairly well at steady prices.




THE

928

CHRONICLE.

[V o l. L IX .

In addition to above exports, our telegrams to-night also:
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
T h e M o v e m en t o f
New York, which are prepared for our special use by Messrs.
from the South to-night, is given below. For the week ending Lambert & Barrows, Pro luce Exchange Building.
this evening the total receipts have reached 349,912 bales,
ON 8HIPBOA.r o , NOT CLEARED—POR
against 369,462 bales last week and 394,662 bales the previous
Leaving
Nov. 23 at—
week; making the total receipts since the 1st of Sept., 1894,
Great France. Other Coast­
Stock.
Total.
Britain.
Foreign wise.
3,354,796 bales, against 2,698,719 bales for the same period of
1893, showing an increase since Sept. 1,1894, of 658,077 bales.
43,772 43,696
C O T T O N .
F r i d a y N i g h t , November 23, 1894.
t h e C r o p , as indicated by our telegrams

Receipts at—

Mon.

Sat.

Tues.

Galveston........ 10,276 21,289 8,943
...... ......
Velasco, & o .... ......
New Orleans.. 20,827 22,491 33,330
1,032 1,822 1,385
M obile............
__.. .
...... ......
Florida........ .
Savannah........ 5,027 6,331 5,964
.....
......
Brnnsw’k.&o.
Charleston....... 2,517 5,187 3,761
......
........
Pt. Royal, &o. . . . . . .
Wilmington. . . . 1,375 1,500 1,983
......
Wash’ton, &c. . . . . . .
. . . . ..
N orfolk ........... 3,223 5,688 7,254
West P oin t... 2,430 2,802 4,135
.......«
N’port N., &e. . . . . . . . . . . . .
New Y ork........
1,213
936
B o s t o n ......... . . . . . .
.....
••••••
......
. . . . ..
B a ltim ore...... . . . . ..
3S7
Philadelph’a &c
601 3,086

Wed.

Fri.

Thurs.

Total.

The following shows the week’s total receipts, the total since
Sept. 1, 1894, and the stock to-night, compared with last y e a r .
1894.
This Since Sep.
Week. 1,1894.

1893.
This Since Sep.
Week. 1,1893.

Galveston,.. 75,124 790,917 50,902
Velasco, &o.
2,984
25,027
1,935
New Orleans 118,973 1,052,012 88,317
Mobile..........
97,699
9,143
8,623
Florida........
12,692
1,659
693
Savannah... 33,382 516,458 43,462
Br’wick, «fee 6,100
58,025
4,037
Charleston.. 22,086 221,514 15,226
46,631
P.Royal,&c 7,325
178
Wilmington.. 12,259 139,707 12,609
Wasn’n, &o
87
368
61
N orfolk....... 30,083 182,352 30,432
West Point 16,689 122,708 14,306
N’p’tN .,&c
11,499
4,928
2,847
New Y ork ...
15,315 4,712
4,480
B oston . . . . . .
56 5,990
3,276
Baltim ore...
27,946
1,798
4,921
1,361
Philadel.,<fec.
30,870

538,936
17,016
785,215
94,504
7,898
523,717
39,453
193,'312
22,833
106,174
247
212,117
90,260
13,132
9,843
16,042
15,704
10,316

Stock.
1894.

1893.

227,622

171,698

372,909
21,703

282,387
34,243

139,067
9,170
92,537

121,906
18,000
92,948

31,296

35,409

49,891
34,941
7,624
93,808
22,000
23,606
12,313

86,077
23,618
6,956
155,903
21,0 >0
22,459
11,288

Totals.......349,942 3,354,796:291,006 2,696,719 1.138,487 1,083.892

In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—

1894.

Galves’n,&c
73,108
New Orleans 118,973
M obile........
8,628
Savannah...
33,332
Char’ ton,<fec.
29,411
Wilm’ton,&e
12,346
N orfolk.......
30,083
19,536
W. Point,&o.
19,475
All others...

1891.

1890.

1893.

1892.

52,737
88,317
9,143
43,462
15,404
12,670
30,482
19,234
19,557

61,940
57,449
73,166 112,296
8,211
11,345
44,403
37,600
17,176
14,349
8,766
8,450
17,352
22,539
14,974
15,838
20,102
19,133

Since Sept. 1 3354,796 2696,719 2 193,221 3472,6863 L99,252 3096,824

The exports for the week ending this evening reach a total
of 251,514 bales, of which 135,692 were to Great Britain, 24,199
to France and 91,672 to the rest of the Continent, Below are
the exports for the week and since September l, 1894,
Week Endino Nov. 23.
From Sept. 1,1894. to Nov. 23.1891
Exporte to Exported to—
Great
Conti­ Total Great
Conti­
France
lot at
Brit’n. France nent. Week. Britain.
nent.

.....

......

T o t a l ......... 135,682 24,190 91,672¡251,544
Total. 1893 ... 148.011 50.131 53.412 251.604
* Including Fort R oyal.

216,511 111,038
262,324 125,003
30,031
10,715 9,137
21,980
86,932 2,100
31,038
31,405
25,215
4,983
110,662 9,904
48,953
25,483
100
11,113 ........

.. ..

138,301
20,474
187,991
, 3,899
204.170
10,441
67,530
67,750
4,200

495,753
20,474
575,313
33,930
324,052
32,121
158,562
98,783
35,605
25,215
4,963
71,853 192,419
431) 44,384
33,601
61,087
1,319
12,462

1 1
l|jfl
I 00
to

G alveston....... 39,929 13,382 13,767 67,078
2,300 2,300
Velasco, A c....
New Orleans.. 29,038 9,645 34,752 73,435
6,732
6,732
M obile A Pen.
25,496 25,496
Savannah. . . . .
2,935
2,762
Brunswick......
5,697
1,115 8,440
7,325
C harleston*,..
7,708
7,708
W ilm ington...
7,600
4,300 11,800
N orfolk...... .
8,748
8,748
W est P oin t....
2,127
N ’p’t News, Ac 2,127
New Y ork ......
9,289 1,163 6,567 16,019
3.912
3,912
B oston............
9,052
1,713 10,765
B altim ore,....
2,289
2,289
Phlladelp’a .,..




2,326 143,491
3,971 113,639
2,000
22,000
600
32,100
None.
6,700
4,500
29,500
None.
20,875
None. 48,000

229,418
113,983
117,067
60,437
15,003
20,391
72,933
92,950

816,790 2,016,433

880.148 228 59«

530.414 1.639.158

942,361

plentiful and Liverpool manifested a disposition to respond to
our advances. Saturday’s market did not amount to much
and value underwent no important change, but Monday
brought a better demand and stronger tone, with 10 points
net gain.
Tuesday opened a little slack, but there was
quick recovery and 6 points net gain, the demand having
been furnished by covering shorts and orders for investment
buying. Wednesday’s market was of an unusually active and
exciting character, the shorts having become thoroughly
alarmed and covering with great freedom, and investing
orders coming in freely, resulting in a further advance of
about i^c. per pound. Yesterday addititional covering took
place, but failed to afford further stimulus, and at the close
rates had receded 8@9 points. To-day, however, in conse­
quence of strong advices from abroad and scanty offerings
from the South, renewed strength is infused, and prices
gained about 15 points. Cotton on the spot is dull at 5%o. for
middling uplands.
The total sales for forward delivery for the week are 1,014,700
bales. For immediate delivery the total sales foot up this week
1,241 bales, including — for export, 641 for consumption,
— for speculation and 600 on contract. The following are
the official quotations for each day of the past week—
November 17 to November 23.
Bates on and off middling, as established Nov. 22 1893
by the Revision Committee, at which grades other than
middling may be delivered on contract:
F a ir..................... .
Strict Good Middling

1889.

38 566
34,057
84,699 109,956
12,463
13,267
43,673
42,906
13,562
19,206
5,884
6,806
20,676
18,938
17,603
17,58 i
21,474
21,260

Tot.this wk. 349,942 291,006 251,764 313,22 5 253.031 288,518

Exports
from—

47,697
70,932 11,194 27,542
10,000 None. 10,000
12,000 None. 19,500
6,000 None.
700
3,000
23.000 None.
10.000
1,200
9,675
25,000 None. 23,000

13,260 9,740 11,616 75,124
2,984 2,984
......
16,096 12,698 13,531118,973
987
2,100 1,302
8,628
698
...... ......
698
Total 1894... 204,629 62,166 136,113 13,397 416,305
722,182
5,640 5,694 4,726 33,382
13,116
114,165
16,147
333,239
189,811
Total
1893...
750.653
......
. . . . . . 6,100 6,100
Total 1892... 138.467 48,207 93,887 22,111 302,672
773Ì858
3,799 3,617 3,205 22,086
Speculation in cotton for future delivery at this market has
7,325
7,325
During the greater por­
2,372 1,549 3,480 12,259 been of a more animated character.
87 tion of the week the temper of operators was quite bullish* a
87
. . . . ..
......
3,268 3,896 6,754 30,083 condition stimulated by a disposition in some instances to
1,571 2,369 3,382 16,689 modify previous extreme crop estimates and to some extent
2,847 by a belief that the low ruling cost neutralized the apparent
........
. . . . . . 2,847
A very large portion of the short interest
4,480 excess of supply.
632
1,699
has became eliminated and investment holding increased the
........ . . . . . .
. . . . ..
3,276 latter to a considerable extent for account of general outside
........
. . . . . . 3,276
Offerings from the South have been less
4,921 speculative element
598
168
131

Tot’ls this week 47,308 71,409 68,028 48,869 41,033 73,295 349,942

Receipts to
Nov. 23.

New Orleans...
Galveston*.....
Savannah......
Charleston.....
Mobile.............
Norfolk............
New York........
Other p o r t ___

Good O rdinary.............c.
Good Middling Tinged...
Strict Middling Stained..
Middling Stained........ .
Strict Low Mid. Stained..
off. Low Middling Stained.. . .

on.
on .
on.
on .
o it

C. l x4
. . 78

—

1*8 oft.
Even.
733 oft.
7,e oft
2»32 oft.
138 oft.

**16 oft.

On this basis the prices for a few of the grades would be as
follows:
Sat. M o n T u e s W e d

UPLANDS.

Good Ordinary.......................... 4>«
Low Middling............................ 53ia
Middling.....................................
Good Middling......................... 515le
Middling Fair............................ 6*3
GULF.
Good Ordinary..... ....................
Low Middling............................
Middling.......................... .
Good Middling...................... .
Middling Fair...... ....................

49la
5»4
5 u 16
6
69,«

Th.

F r i.

49le 41116 411,6
53s
53s
5H
Slim 513le 5 13.0
6
61s
61e
G»,« 611,« 611.0

S a t.

M on T u es W e d T h .

4%
57,6
5^8
6»,«
6%

4131(.
5*e
5 «16
6^
6 l3ie

413le
5*8
515lf
6^
613,0

415.0
55g
6 lie
630
615.0

415.0
558
öl,«
63s
615.0

Sat. M o n T u e s j W e d T h .

STAINED.

Low Middling............................. 4H
49,6 4&16
5%
Middling........ ........................... 5*1$ 54*
515:{0 5i5s,
Strict M iddling.......................
511,« 5U16
Good Middling Tinged............. 53s
MARKET AND SALES.

4T,6
53s
519,9
513,0

47,6
53s
519,2
513,0

4%
57,6
5 78
63,0
6%
F r i.
5
5U ,«
è 1«
67,0
F r i.
4>fl
57,6
52Ì3a
578

The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SALES OP SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

Sat’ d a y.
Monday
Tuesday
Wed’day
Thur’d’y
Friday..

Dull and easy...
O.uiet at li« adv.
Q u ie t................
Qniet at *8 adv..
Q uiet.................
D oll at i,« adv..

Öon- Spec- Con­
Ex­
port. sump. ul'Vn tract. Total.
198
98
71
61
79
134

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

Total. . . . . . . . . . . . . . . . .
t h e Ba l e s a n d p r ic e s

...
....
....
....
••••
....

641
of

futures

....
100
200
300
....
....

198
198
271
361
79
131

Sales o f
Futures.
39,800
133,300
122,700
240,400
237,200
241,800

600 1,241 1,014,700

are shown by th e

November 2 4 ,1894. J
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i I:

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SeptemMrT

The following exchanges have been made during the w eek:

{Ond.
nan for
fa,. May.
IbfaTr .09 pd- to ex0)li 400 Deo for Mav.
*30
pd. tOfixnh.
to exch. 2.400
2,400 Deo.
•18 pd. to exoh. 2,600 Deo. for Mch. •IS pd. to exch. 1,100 Mch. for J’ ne.
•12 pd. to exch. 1,400 Moh. for May. •06 pd. to exeti. 100 Jaa. for Peb.
•17 pd. to exoh. 2,500 Dec. for Mch. •06 pd. to exoh. 400 June for July.
•24 pd. to exoh. 100 Jau. for May.
07 pd. to exch. 400 Dec. for Jau.
•41 pd. to exoh. 1,000 Jan. for Aug. •42 pd. to exch. 1,000 Deo. for July.
•41 pd. to exoh. 400 Deo. for July.
46 pd. to exch. 500 Deo. for Ausj.
*47 pd. to exoh. 100 Deo. for Aug. •12 pd. to exch. 200 Jau. for Mch.
•36 pd. to exch. 2,900 Deo. for J’ne. •05 pd. to exoh. 100 Mch. for A.pr.
*35 pd. to exoh. 100 Deo for June. •40 pd. to exoh. 200 Jau. for Aug.
•06 pd, to exoh. 500 Dee. for Jan.
T h e V is ib l e S u p p l y o p C o tto n to-night, as made up by cabl e

and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
J W O ^ i W B t l y all the European figures are brought down
to Thursday evening. Bat to make the totals the complete
to-night (Nov, 23), we add the item o f exports iron1
the United States, including in it the exports of Friday onl< .




The imports into Continental ports the past week have
been 140,000 bales.
The above figures indicate an increase in the cotton in sight
to-night o f 53,369 bales as compared with the same date
of 1893, a decrease of 60,880 bales from the corresponding
date of 1892 and a decrease of 178,260 bales from 1891,
a t t h e I n t e r io r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1893—is set out in detail below.

c»<»0
œ
bOW H

I:
K

1894.
1893.
1892.
1891.
Stock at L iverpool......hales. 769,000 852,000 1,170,000 997,00®
Stock at L o n d o n ...................
7,000 ______________________
5,000
6,000
9,000
Total Great Britain stock. 776,000 857,000 1,176,000 1,006,000
Stock at Hamburg...................
24,000
8,000
1,800
2,400
Stook at Bremen....................... 147,000 124.000
85.000
87.000
Stock at Amsterdam__ . . . . . . .
9,000
14.000
17.000
17.000
Stook at Rotterdam........... .
200
200
200
400
Stook at Antwerp...............
12,000
9.000
3.000
5,000*
Stock at Havre........ .......
319,000 346.000 317,000 222,000
Stook at Marseilles. . . . . . . . . . .
5.000
5.000
12.000
8,000
Stock at Barcelona............... .
50.000
16.000
51.000
40.000
Stock at Genoa......... ..........
9.000
7.000
6.000
5,000*
Stock at Trieste......................
22.000
21,000
17.000
24.000
Total Continental stocks.
597,200 550,200 510,000 410,860
Total European stocks. . . . 1,373,200 1,407,2001,686,000 1,416,80&
India cotton afloat for Europe.
9,000
46,000
35,000
21,000
Amor, cott’n afloat for Europe. 820,000 755,000 677.000 758 000
Egypt, Biazil,Ac.,aflt for E’r’pe
59,000
56,000
71,000
42!000
Stock in United States ports.. 1,138,487 1,083,892 1,076,530 1,253 641
n u u oF
interior towns.. 408,438 409,689 348,860 50l!497
United States exports to-day.
44,232
36,207
18,847 37,370
Total visible supply ..........3,852,357 3,793,988 3,913,237 4,080*617
Of the above, totals of American and other descriptions are as follow s;
A Tner'lCCLYl—
Liverpool s to ck ........... bales. 633,000 678,0001,016,000 803,000
Continental stocks.................. 462,000 445,000 384,000 288 000
American afloat for Europe... 820,000 755,000 677,000 758’,000
Staitcs stock---- . . . .
. 1,138,487 1,083,892 1,076,530 1,253 941
United States inteilor stocks..
408,438 409,689 348,860 501,497
Jnited States exports to-day.
44,232
36,207
18,847 37.370
........ 3,506,157 3,407,788 3,521,237 3,641,817
East Indian, Brasil, A c ./
Liverpool stock...................
136,000 174,000 154.000 194,00®
London s t o c k .........................
7,000
5,000
6,000
9,000
Continental stocks................... 135,200 105,200 126.000 122,80®
India afloat for Europe........
9,000
46.000
35,600
21,000
’Sgypt, Brazil, &o., afloat........
59,000
56.000
71,000
42,00®
Total
346,200
^ , 7 - -East
- — India,
-------—&c..........
............«aJSSB
S 386,200 392,000 388,800
Total Amerioan.................. 3,506,157 3,407,788 3,521,237 3.64L817
Total visible supply... . . . 3,852,357 3,793,988 3,913,237 0 30,617
mino* TT-nla-nri
/ivroT»r\rk/VI
_•
Middling
Upland, T
Liverpool..
3*ed.
4kd, 9 5i4d. * i% d.
Middling Upland, New York,.
5780.
8180.
lOo.
SHe*
Egypt Good Brown, Liverpool
4kjd.
5716d.
511ied.
5ii,ed.
Peruv. Rough Good, Liverpool
S^d.
65J6d.
61,6d.
9d.
Broach Fine, Liverpool..........
33, td.
4 iad.
5lied.
4516dTinnevelly Good, Liverpool..
3 led.
45sd.
5d.
--------4510d.
- —-

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^O
Ö501^10 X WHO WOOChtOO<l©HH
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tfc*H<IO«HtO©©^tO©<iOlCO*-»©*Q W©
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* Louisville figures “ net” in both years
l This year’s figures estimated.
Í Last year’s figures revised.

S? w

The above totals show that the interior stocks have increase<&
during the week 6,219 bales and are now 1,251 bales less than
at same period last year. The receipts at all the towns have
been 71,447 bales mare than same w$ek last year and since
Sept. 1 áre 777,619 bales more than for same time in 1$)3,

930

THE

Q u o t a t io n s

tor

Mid d l in g C o tto n

at

CHRONICLE.

Oth er Ma r k e ts.—

Bfiow we give closing quotations of middling cotton at South­
ern and other principal cotton markets for each day of the w eek.
c l o s in g q u o t a t io n s f o b m id d l in g c o t t o n o n -

Nov. 23. "

Satur.

Galveston...
New Orleans
Mobile.........
Savannah...
Charleston..
Wilmington.
N orfolk ......
B oston........
Baltimore...
Philadelphia
Augusta.. ..
Memphis....
St. L ou is...,
H ou ston ....
Cincinnati..
Louisville...

5
5116
415i 6
4%
5
5
5
35a
538
6
5%
5
5ke
5
5k
5k

Mon.

Tues.

5
5k
5
5
5
5
5'm
5k
5k
6
£>316
5k
5ke
5
5k
5k

5k
5k
5
5
5
5
Site
5lli6
5k
6
5 k » sia
5ke
5k
5ke
5k
5k

Wednes.

Thurs.

5k
5 iw
5k
5
5
51l0
51*16
5k
6
53ia'ô k
5118
5k
5k
5k
5k

5k
5k
5k
5k
5k
5k
5k
51316
5k
6h6
5k
5k
5®i0
5k
5k
5516

Fri.
5k
5k
53,6
5k
5k
5k
5k
5l3ie
5k
6k
5k
53j6
5k
5k
5?ie
5k«

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Atlanta............
Columbus, Ga.
Columbus, Miss
Eufaula.......... .

5kJ
478
4k
5

Little R ook ....
Montgomery...
Nashville........
Natchez. . . . . . .

4 k Newberry___
5
Raleigh.........
5
Selma............
5ke Shreveport...

5%
4%

R e c e ip t s p r o m t h e P l a n t a t io n s . —The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Week
Receipts at the Ports. St’k at Interior Towns. Rec’ptsfrom Plant’ns
Ending—
1892.

Get.
3
Nov.
“
‘
“

li* ....
26......
2 ....
9. ..
1 6 .....
23.......

1893. ! 1891.

1892.

1893.

1894.

1892.

270,733 288,789 381,131 259,990 227.101 233,898 394,853
290,470 358.238 397,676 288,774 276,982 274,265 319,254
293,552 331,762 129,113 321,031 321,560 323,725 325,809
265.619 296.111 391,662 326,015 313,158 371,127 270,603
262,766 299,571 369,162 326,081 388,676 402,219 262,832
251.761 291,0001349.942 318,860 109,689 108,138 274,513

1893. I 1891.

325,167,424,627
408,119 438,013
379,310 178,903
317,739 112,064
345,089 400,554
312 019 356,161

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1894 are 3,705,899 bales; in
1893 were 3,030,242 bales; in 1892 were 2,713,447 bales,
2.—That although the receipts at the outports the past week
were 348,860 bales, the actual movement from plantations was
356,161 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 312,019 bales and for 1892 they weie
274,543 bales.
O v e r l a n d M o vem en t

fo r the

W

Se p t . l . —

e e k a n d s in c e

We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters o f interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Nov. 23
and since Sept. 1 in the last two years are as follows:
1894.
November 23.
Week.
Shipped—
Via St. Louis..............
Via Cairo...................
Via H a n n iba l..... . . ;
Via E va n sv ille.......
Via Louisville........... .
Via Cincinnati........ ..
Via other routes, &o.

54,170
17,271
123
12,442
10,756
7,983

Total gross overla n d............. 102,745
Dzduet shipments—
Overland to N. Y ., Boston, dec.. 12,677
Between interior to w n s ..........
623
2,052
Inland, &o., from South............
Total to be ded ucted.............

15,357

Since
Sept. 1.

1893
Week.

&%no*
Sept.

328,413 138,987
131,«66 14,378
227
515
341
1,282
6,056
59,768
6,365
56,066
43,230
6,214

196.676
76,622
1,207
4,119
25,961
35,006
30,171

620,970 72,568

369,762

74.187
9,482
28.187

13,861
2,183
7,973

51,905
9,035
28,252

111,856 24,017

89.192

Leaving total net overland*.. 87,388 509,114 48,551
* Including movement by rail to Canada.
1 Revised.

280,570

The foregoing shows that the week’s net overland movement
this year has been 87,388 bales, against 43,551 bales for the
week in 1893, and that for the season to date the aggregate net
overland exhibits aa increase over a year ago o f 228,544 bales.
In Sight and Spinners’
Takings.

1894.
Week.

Since
Sept. 1.

1893
Week.

Sine•
Sept.

349,912 3,354,796 291,006 2,696,719
87,388 509,114 48,551 280,570
Southern consumption to Nov.23 20,000 210,000 19,000 202,000
Total marketed......... .
Interior stocks in excess.

457,330 4,073,910 358,557 3,179,289
6,219 351,103 21,013 333,523

Came into sight during week. 463,549
379,570
Total in sight Nov. 23___. . . . .
4,425,013
3,5Í2,812
Worth’n spinners tafc’ga to Nv. 23

826 922l

487,764

It will be seen by the above that there has come into sight
during the week 463,549 bales, against 379,570 bales for the
same week of 1893, and that the increase in amount in sight
to-night as compared with last year is 912,201 bales.




IV ol . L IX ,

W e a t h e r R ep o r ts b y T e l e g r a p h .— Our advices by tele­
graph from the South this evening indicate that the tempera­
ture has been low the past week in about all districts of the
Southwest, with killing frosts at a number of points in Texas.
Rain has fallen in some districts, but as a rule the precipi­
tation has not bean heavy. Picking and marketing have
made good headway and the gathering of, the crop is drawing
to a close in many localities.
Galveston, lex a s.—Rain has fallen on one day of the week,
to the extent of one hundredth of an inch. The thermometer
has averaged 60, highest 78, lowest 44.
Palestine, Texas.—Cotton is still coming in freely. The
plant was killed by the frost of last Friday night. It has been
dry all the week. The thermometer has averaged 54, the
highest being 76 and the lowest 33.
Huntsville, Texas.—W e have had no rain during the week.
The thermometer has averaged 58, ranging from 32 to 84.|
Dallas, Texas.—Galveston is the only place that has had
rain this week.
The weather has been very favorable
for picking cotton. It is reported that the freezing weather
on the morning of the 17th did considerable damage to the
top crop, especially over southern portions of Central Texas,
where the plant was still fruiting. To some extent the high
northerly winds during the week also slightly damaged late
cotton over North Texas by blowing it out of the bolls. Cold
weather has stopped cotton from fruiting generally through­
out the State and has caused matured bolls to open rapidly.
There is a unanimity of opinion among correspondents that
if the weather continues dry and cold a few days more all
bolls will be_ open and ready for picking. In some localities
cotton picking is nearly completed, while in others a great
deal of the crop is standing. The thermometer has ranged
from 24 to 82, averaging 53.
San Antonio, Texas.—It has been dry all the week. Aver­
age thermometer 57, highest 82 and lowest 32.
Luting, Texas.—W e have bad dry weather all the week.
The thermometer has averaged 56, highest 80 and lowest 30.
Columbia, Texas.-r-It has been dry all the week. The therr
mometer has averaged 59, ranging from 36 to 82.
Cuero, Texas.—The top crop is opening rapidly and cold
weather will probably cause all matured bolls to open very
soon W e have had no rain during the week. The ther­
mometer has ranged from 34 to 86, averaging 60.
Brenham, Texas.—The weather has been dry all the week.
Killing frosts on the 17th stopped the fruiting of cotton.
Average thermometer 52, highest 82 and lowest 22.
Belton, Texas.—Cotton is mostly all marketed where
picked, and there will probably be little top crop this year.
Plenty of ice on Saturday morning. W e have had no'rain all
the week. The thermometer has averaged 57, the highest
being 82 and the lowest 32.
W eatherford, Texas.—There has been no rain during the
week. The thermometer has averaged 53, ranging from 24
to 82.
Fort W orth, Texas.—Telegram not received.
New Orleans, Louisiana —There has been rain on two days
of the week, the precipitation reaching twenty-six hundredths
of an inch. Average thermometer 60.
Shreveport, Louisiana.—We have had but a trace of rain
on two days during the week. The thermometer has averaged
52, the highest being 77 and the lowest 31.
Columbus, M ississippi.—There have been showers on two
days during the week, the precipitation being twenty-three
hundredths of an inch. The thermometer has averaged 48,
ranging from 28 to 70.
Leland, M ississippi.—W e have had rain during the week,
the rainfall being sixty-four hundredths of an inch. The
thermometer has ranged from 28 to 73. averaging 48*7.
Meridian, M ississippi.—Picking is finished and two-thirds
of the cotton crop is reported to have been marketed. In this
section many planters have sold their last bale. There has
been rain on one day during the week. Average thermometer
50, highest 75 and lowest 26.
Little Bock, Arkansas.—Telegram not received.
Helena, Arkansas.—Owing to the low price it is claimed
that a considerable quantity of cotton will be left in
the fields this year. There have been two thunder showers
during the past week, the rainfall reaching one inch and
twenty-four hundredths. The thermometer has averaged 47,
ranging from 24 to 74.
Memphis, Tennessee.—Picking and marketing are making
good progress. The picking seasoa to date has been about the
best on record. We have had rain on one day during the week,
to the extent of two hundredths of an inch and more is now
threatened. The thermometer has ranged from 27 3 to 73,
averaging 48’4.
Nashville, Tennessee.—There has been a rainfall of one inch
and forty-two hundredths during the week. Average ther­
mometer 46, highest 69 and lowest 23, <
Mobile, Alabama.—We have bad rain on one day of the
week, the precipitation reaching one hundredth of an inch.
The thermometer has averaged 60, the highest being 78 and
the lowest 44.
Montgomery, Alabama.—W e have had no rain all the week.
The thermometer has averaged 57, ranging from 47 to 67.
Selma, Alabam a.—Telegram not received.
Madison, Florida.—W e have had rain on four days of the
past week, the rainfall reaching one inch and ninety hun­
dredths. Average thermometer 56, highest 68, lowest 33.
Columbus, Georgia.—There has been rain on one day of
the week, the precipitation being four hundredths of an inch.

THE

N ovember 24, 1894,]

The thermometer has averaged 56, the highest' being 70 and
the lowest 44.
Savannah, Georgia.—W e have had rain on three days of
the week, to the extent of two inches and forty-nine hun­
dredths. The thermometer has averaged 62, ranging from 46
to 78.
.
n
Augusta, Georgia.—W e have had light rain on two days of
the week, the precipitation reaching twenty-one hundredths
of an inch. The thermometer has ranged from 41 to 76, aver­
aging 56.
„
Charleston, South Carolina.—Ruin has fallen on four days
of the week to the extent of two inches and thirty-six
hundredths. Average thermometer 61, highest 74 and lowest
47.
Stateburg, South Carolina.— We have had rain on two days
during the week, the precipitation being forty-five hundredths
of an inch. The thermometer has averaged 55'3, the highest
being 73 and the lowest 40. •
W ilson, North Carolina.—There has been rain on two days
of the week, to the extent of twenty-seven hundredths of an
inch. The thermometer has averaged 52, ranging from 87
to 76.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock November 22, 1894, and November 23, 1893.
Nov. 22, ’94. Nov. 23, ’ 93.
Feet.
Feet.
3-2
3’ 1
09 *3-7
11 *i-8
2-3
5-1
*11
4*4

New Orleans ........A b o v e lew-water mark.
Memphis...................Below zero of gauge.
Nashville................ ..Jblow zero of gauge.
Shreveport..............Below zero of gauge.
Vicksburg.................Below zero of gauge.
* Above low-water mark.
I n d ia C otton M o vem en t F r o m a l l P o r t s .— The receipts

and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Nov. 22.
BOMBAY BECBIPTS AND SHIPMENTS FOB FOUB YEABS.

Shipments this week. Shipments since Sept. 1.
Tear Great Conti­ Total. Great Conti­
Total.
Britain nent.
Brit’n. nent.
5.000
6.000
3.000
3.000

1894
1,000
1893 1,000
6,000 6,000
1892
1891

17.000
55.000
57.000
39.000

22,000
61.000
60,000
42,000

Receipts.
This
Since
Week. Sept. 1.
6.000
13.000
14.000
4,000

37.000
106,000
57.000
83.000

According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts o
7,000 bales and a decrease in shipments of 1,000 bales, an
the shipments since Sept. 1 show a decrease of 39,000 bales.
The movement at Calcutta, Madras, and other India ports t< r
the last reported week and since the 1st of September, for tw<
years, has been as follows. “ Other ports” cover Ceyloc
Tuticorin, Kurrachee and Coconada.
Shipments since Sept. 1.

Shipments for the week.
Ctreat OontiBritain. nent.
Calcutta—
1894........
1893
..................
M adras1 8 9 4..
. ...
1 8 9 3.. . . . . 1,000
All others—
1894
..................
1893
..................

Total.

Britain. Continent.

Total.

1,000

3.000
2.000

2,000

1,000

2,000

5.000
4.000

1,000

1,000
2,000

10,000

9.000

1,000

6.000

19.000
16.000

2,000

2,000

10.000
15,000

18,000
19,000

28,000
34,000

Total a l l 1894
.................. 1,000
4,000
1,000
1893........

1,000
5,000

10,000

931

CHRONICLE.

This statement shows that cne receipts for the week ending
Nov. 11 were 250,000 cantars and the shipments to all Europe
33,000 bales.
Ma n c h e s t e r M a r k e t . —Oar report received by cable to "
night from Manchester states that the market is firm for
yarns and dull for sheetings. Manufacturers are reducing
their output. W e give the prices for to-day below and leave
those for previous weeks of this and last year for comparison:
1893.

189 4 .

a•
‘a a>s.
Shirtings.

32« Oop.
Twist.
d.
Oc. 19
“ 26
Nov. 2
“ 9
“ 16
“ 23

5=8
55s
5*2

Oott’n
Mid. 32« Oop.
TJplds Twist.

d.
d. s . 4 . ». d.
©65le 4 5 * 2 9 6 0*2 39*9

©6% 4
U 6 *i 4
96*8 4
5^jg- © 6
4
5^ut © 6 *8 4
589

5*2(66

4 1« © 6

3*296
3
3

©6
®6

d.

d.

714
© 7%
37 32 7*8 9 7 \
4
3
3*8 7 18 © 7 %
©7^8
2
31*2 7
678 © 7 1 «
1*2 3
6
i3
16®738
2
3^8

8H lbs.
Shirtings.
s. d.
s.
5 1 0 ta ® 7
5 16*297
5 10*2*7
5 10 »2 © 7
5 9 ©7
5 3*297

Oott’n
Mid.
lipide
d

d
7*a

4 1 I 16

7

4716

7*2 4 1 9
7*2 4^8
7*2 4 ta
7

1*2

S e a I s l a n d C otton M o v e m e n t .— We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (November 23) and since
Sept. 1, 1894, the stocks to-night, and the same items for the
corresponding periods of 1893, are as follows.
1894.
Receipts to Nov. 23.

1893.

Stock.

Since
Since This
This
week. Sept. 1. week. Sept. 1. 1894. 1893.
3,664 36,304 3,213 31,588 20,534 12,146
1,616 2,400 1,415
2,743
226
337
1,003 1,036 1,191
1,717
308
275
23,970 14,752
34,207
4,276 40,764 3,747

Charleston......................
Florida, &c.......................
Total...........................

The exports for the week ending this evening reach^ a total
of 134 bales, of which 33 bales were to Great Britain, — to
France and 101 to Reval, and the amount forwarded to
Northern mills has been 1,792 bales. Below are the exports
for the week and since September 1 in 1894 and 1893.
Exports
from—
Savannah...
Charl’t’n,&c
Florida, &o.
New York..
Boston.......
Baltimore..
Total........
Total 1893.

Week Ending Nov.23. Since Sept. 1, 1894. North’n Mills.
Since
Great Fr’nce
Great Fr’nce
Week. Sept. 1.
Brit’n. <£c. Total. Brit’n. die. Total.
100
33

1

.......

........

33

101

4,309

337 1,703 1,505 11,332
100 1,366
3 Id
12
139
139
275 1,422
295
295
1,658 1,014 2,672 ............
200 .......« ........
200
........ ........ ........ ........ ........ . . . . . .
134 3,658 1,351 5,009 1,792 13,073

__
34
.... «

653 4,962 14,605

1,961 16,566 1,419 4,730

A considerable portion o f the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, «fee. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Nov. 23.at Savannah, for Floridas, common,
9^gC.; medium fine, l l ^ c . : choice, 14J^c.
Charleston, Carolinas, medium fine, 17c. to 18c.; fine, 24c.;
extra fine, 28 to 35c.

J u t e B utts , B a g g in g «fee.—The demand for jute bagging
has been very light during the week under review, but quo­
The above totals for the week show that the movement from tations are unchanged at 5%c. for 1% lbs., 6 ^ c. for 2 lbs. and
the ports other than Bombay is 4,000 bales less than the same 6%c. for standard grades. Concessions would be made, how­
week last year. For the whole of India, therefore, the total
shipments since September 1, 1894, and for the corresponding ever, on round lots. Standard brands in car-load lots are
quoted at 5%@5%c. for 1% lbs., 6J^c. to 6)^c. for 2 lbs. and
periods of the two previous years, are as follows:
6%c. to 6%c. for 2*4 lbs., f. o. b. at New York. Jute butts
BXPOBTS TO BUBOPB FBOM ALL INDIA.
rule dull at l% c. to l% c. on the spot.
1892
1893.
1894.
Shipments
'o all Europe
from,—

This
week.

Since
Sept. 1.

23.000
27.000

This
week.

Bombay...........
All other ports.

i,o o o

22,000
52,000

1,000
5,000

total.........

1,000

74,000

6,000

52.000
54.000

29.000
27.000

Since
Sept. 1.

This
week.

E a st I n d ia C r o p . —The following reports on cotton were
published by the Bengal Chamber of Commerce under date
60,000 of Calcutta, October 24:

Since
Sept. 1.

6,000
4,000

51,000

115,000 10,000

111,000

61,000
54,000

Cotton Crop N.-W. P. and Oudh. -Second forecast, 1894. The rains in
August and the earlier part of September were continuous and heavy;
weeding was impeded and flówers are reported to have suffered from
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through arrange­ thh heavy rain. In the second half of September the rain-fall was
generally light and weeding was properly done. The prospects harve
ments we have made with Messrs. Davies, Benachi & Co., of improved and pods are beginning to form. The area under cotton is
Liverpool and Alexandria, we now receive a weekly cable of less than was originally estimated, and in the bulletins received for
the movements of cotton at Alexandria, Egypt. The following September it has been estimated at 2 ) per cent less than the n«>rmal
area. Taking 100 to denote a full average crop, the average condition
ire the receipts and shipments for the past week and for the of
the crop in each division of the provinces is as follow s: Meerut, 70;
corresponding week of the previous two years.
Rohilkhand, 56; Agra, 62; Allahabad, 62; Benares, 56; Gorakhpur,

Exports (bales)—
To Liverpool............ 22,000 80,000 15,000 73.000 9,000 134,000
To Continent............ 16,000 83,000 9,000 59.000 15,000 65,000

62CottonhCrop in Berar.—Second report, season 1894. The area now
reported under crop amounts to 2,114,819 acres or 89,722 acres less
than that of the corresponding period of the previous year. The de­
crease is attributed to rotation of crops and also to the low prices
obtained by cultivators during the past two seasons. In addition,
owing to scanty rain fall at the time of sowings, a larger area has been
placed under ju ar (sorghum vulgare) in lieu of cotton. Exoept ia the
Elliohpur and Wun Districts, where the crop has suffered to some
extent from exoessive rain-fall, a full average out turn is expected
throughout the province should the present favorable weather con­
tinue.
T he E x p o r t s o p C o tto n from New York this week show a

TotalEurope........ 38,000 163,000 24,000 132.000 24.000 199.000
A cantar is 98 pounds.

decrease oompared with last week, the total reaching 16,019
bales, against 18,116 bales last week. Below we give our

Alexandria, Egypt,
November 21.
Receipts (cantara*)....
This w eek....
Since Sept. 1.




1894.
250,000
1,433,000
Since
This
week. Sept. 1.

1893
260,000
1,356,000
Since
This
week. Sept. 1.

1892
320,000
2,556,000
This
Since
week. Sept. 1.

THE

932

CHRONICLE.

[Y ol. L IZ .

Vera
Hull,
usual table, showing the exports of cotton from New York,
Oruz <6
London Havre Bremen Other
and the direction, for each o f the last four weeks; also the
Liver- and <&Dun- j¡ Ham- North South Tartotal exports and direction since Sept. 1, 1894, and in the last
pool. Grimsby. Airk. burg. Europe.Europe mouth. Total.
16.019
New York. 6,180 3,109 1,163 2.150 2,093 1,324
column the total for the same period of the previous year.
EXPORTS OF COTTON (BALES) FROM NEW YORK SINCE SEPT. 1, 1 8 9 4 ,

Week EndingNov.
2.

Nov.
9.

1
!pi
i '

Exported to—

Total
since
Sept. 1.

Nov.
23.

Same
period
previous
year.

L iverpool.................. 13,934 11,169 5,270 6,180
Other British ports.. 3,616 3,130 4,238 3,109

75,533
35,129

82,259
42,953

T ot . to Gt . b r it ’ n. 17,550 14,299 9,508 9,289

110,662

125,212

1,163
........
1,163

9,904

5,615

9,904

5,615

250
209 1,102 3,593
831
300
973 1,900
5,479 3,617 1,504 2,093

15,178
10,738
22,672

16,415
6,708
31,869

T ot .t o No .E ubope 6,519 5,019 6,070 4,243

48,588

54,992

1,324

22,931
334

14,453
300

Havre.........................
Other French ports..

1,373
........

Total F rench —

1,373

Brem en.....................
Hamburg...................
Other ports...............

832 1,337
........ ........
832

1,337

Spain, Italy, &o........
All oth er....................

2,441 3,957
10 ........

1,201
........

Total Spain , &c ..

2,451 3,957

1,201 1,324

23,265

14,753

Grand Total . __ 27,893 24,107 18.116 16,019

192,419

200,572

T h e F o l l o w i n g a r e t h e » r o s s r e c e i p t s o p c o t t o n at
New York, Boston, Philadelphia and Baltimore fo r the past
week, and since September 1, 1894.

Receipts
from—

N l T YORK.

N . Orleans... 16,899
T e x a s .......... 10,226
7,934
Savannah...

131,540
75,225
96,593

698
2,264

3,709

4.362
26,150
3,716
16,385

4,480
660

15.315
2,155

Florida........
No. Carolina
V irginia. . . .
North, ports
Tenn., & c...

BOSTON.

PHILADELPH’A BALTIMORE.

This Since This Nine« This Since This Since
week. Sept. 1. week. Sept.l. week. Sept. 1. week. Sept.

____

........
1,830

32,657

700

3,674

3,734

32,121

•••• ..
1,141
23,205

124

245

784
3,862

300
3,080
25,949

5,783

35,108

4,188

24,670

50

17,383
103,395
56
3,631

46,860

371,421 26,226

157,122

5,470

33,248 13,703

91,899

Last year.... 43.224

328.644 27,664

102.951

2,324

15.039 12,176

81,499

Total........

16,i 24
90.260
N. Orleans. 29,135 5,156 11,462 27.683
5,876 14,036
Galveston.. 27,4 >2
47,314
536
4,474
viobile___ 3,938
--M
B __
........ 11,954
6,788
23.436
Savannah.. 4,694
_*
17,580
Charleston. 7,033 4,397 ........ 6,150
10,557
Norfolk.... 10,557
_ ...... 8,489
Vest Point 8,489
100 4,378
Boston....... 4,278
-vn«
_,
800
7,774
Baltimore...............
400 ........ 6,574
1,016
Philadel’a..
817 ...... .....................
199 ........ ........
Total ....102,523 13,062 18,501 68,547 3,092 24,936
636 231.297

Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
G a l v e s t o n —To Liverpool—Nov. 1 5 -Steamer Daniel, 4,375 ....N o v .

16 Steamer Honiton, 5,972. Nov. 1 7 -Steamers Dulwich. 8,716;
Fairmead, 5,579; Leny, 6,197; Somerhill, 5,240.....N o v , 21 —
Steamer OakAeld, 3,350.
To Havre—Nov. 16 -Steamer Blue Star, 6,475 ....N ov. 17— ;teamer
Palmas, 6,907.
To Bremen - Nov. 16 —Steamer Cythiaua, 7,986.
To Ghent -Nov. 17—Steamer Sheerness, 5,781.
N e w O r l e a n s — To Liverpool Nov. 1 7 -----Steamer Gallego, 4 ,6 0 0 . ...
Nov. 19—Steamer Legislator, 6,579 ...N ov. 2 0 —Steamers Barba­
dian, 8,214; Floridian, 7,010 ...N ov. 2 1 -Steamer Buena Ven­
tura, 3,400.
To Havre Nov. 16—Steamer St. Irene, 9,645.
To Hamburg -Nov. 19 Steamer Elberfeld. 3.086.
To Oporto—Nov. 17—Steamer Oliuda, 2, '00.
To Barcelona—Nov. 16 —8teamer Martin Saenz, 2,948 ...N ov 20 —
Steamer Puerto Bloo, 2,650 ...N ov. 21—Steamer Miguel Jover,
4,300.
To Malaga -N ov. 20—Steamer Puerto Bieo, 1,000.
To Genoa—Nov. 16—Steamers Martin Saenz, 1,499; San Giorgio,
5,754___Nov. 20—Steamer California, 6.473.
To Trieste-Nov. 19—Steamer Borghese, 3,686.
To Venice Nov. 1 9 -Steamer Borghese, 1,056.
Mo b il e —To Liverpool -Nov. 2 1 —Steamer Yucatan, 5 ,7 3 2 .
S a v a n n a h —To Bremen—Nov. 16—Steamer Petunia, 4,596....N ov. 1 7 Steamer Armenia, 6,314.
ToReval—Nov. 16—Steamer Pooklington, 3,525 upland and 100
Sea Island.
To Barcelona—Nov. 17—Steamer Baltimore City, 6,203.
To Genoa—Nov. 22—Steamer Empire, 4,758.
B r u n s w ic k —To Liverpool -N ov. 2 2 —S tea m er Teelin H ea d , 2 ,9 3 5 .
To Bremen -Nov. 20—Steamer Loch Etive, 2,762.
C h a r l e s t o n —To Barcelona—Nov. 1 7 — Bark Maria Dolores, 1 ,1 1 5 .
P o r t R o y a l —To Liverpool—N ov . 1 9 —Steamer Darien. 7,3 2 5.
Wil m in g t o n —To Liverpool -N ov. 2 0 —Steamer Dorset, 7 ,7 0 6.
No r f o l k — To Liverpool—Nov. 2 3 —Steamer Ktrkdale, 7 ,6 0 0.
To Bremen—Nov. 17—Steamer Sunbeam, 4,200.
W e st P o i n t —T o Liverpool - Nov. 21—steamer Lord Bangor, 8,748.
Ne w p o r t N e w s —To Liverpool—Nov. 17—Steamer Kanawha, 2,127.
Boston —To Liverpool—Nov. 15 -Steamer Michigan,- 810 ...N ov. 19 —
8teamer Ottoman, 631__ Nov. 20 -Steamer Columbian, 2,471.
Ba l t i m o r e -T o Liverpool-Nov. 1 2 -Steamer Queensmore, 1 ,7 09 ....
Nov. 15 -Steamer Templemore, 5,602.
To London—Nov. 15—Steamer Michigan, 1,741.
To Hamburg—Nov. 17—Steamer Italia, 714.
To Rotterdam-Nov. 1 6 -Steamer Patapsoo, 999.
P h i l a d e l p h i a —To Liverpool—Nov. 15—Steamer Southwark, 2,289.

S h i p p i n g N e w s . —The exports o f cotton from the United
States the past week, as per latest mail returns, have reached
231,297 bales. So far as the Southern ports are conceme i, these
are the same exports reported by telegraph and published in
Below we give all news received to date of disasters to
the C h r o n i c l e last Friday. With regard to New York we vessels carrying cotton from United States ports, & c.:
A l a m o , steamer, Mallory Line, at New York, from Galveston. The
include the manifests of all vessels cleared up to Thursday.
steamer Alamo, which arrived from Galveston, Nov. 21, was

discovered to be on fire at 1/20 A. M. Nov. 22. The vessel had to
Total bales.
be sunk before Are was extinguished. The cargo included 3,099
and 33 Sea Island.................................................................... 6,180
bales of cotton.
To Hull, per steamer Martello, 3,108 upland and 1 Sea
H a j e e n , steamer (Br), from New Orleans for Bremen, with 7,427 bales
Island....................« .................. .............................................. 3,100
cotton, before reported on fire at New Orleans, put into Key West
To Havre, per steamer La Chamoafne, 1,163..................... „
1,163
on November 17 with Are in forward hold.
To Bremen, per steamer Aller, 250 ........ ............ ..................
250 M a r i a D o l o r e s , bark (Span), which left Charleston for Barcelona o n
To Hamburg, per steamers Prussia, 700 ...Bugia, 1,200.... 1,900
Nov. 19 with 1,IL5 bale3 cotton, returned Nov. 20 in tow of tug,
To Rotterdam, per steamer Veendam, 300..............................
300
Are having been discovered in hold. Cargo will be discharged.
To Antwerp, per steamers Friesland, 1,199__ Othello, 594. 1,793 R o y a l W e l s h , steamer (Br), from New Orleans fur Liverpool, cotton
To Genoa, per steamer Alsatla, 324............. ............. .
324
laden, went ashore near Soutuwest Keys, Florida, on Nov. 16, but
To Naples, per steamer Suevia, 1,000........................... ......... 1,000
Aoated subsequently and proceeded.
New Orleans—To Liverpool, per steamers Electrician, 6,365
Ootton freights the past week have been as follow *
---- Euskaro, 5,700___ Franoisoa, 5 ,6 8 6 ....Halley, 2,100
---- Merchant. 2,900 ...Wrn. Cliffs, 6,384 ............................ 29,135
En
To Grimsby, for orders, per steamer Ha vers toe, 5,156.......... 5,156
Satur.
Mon.
Tues. Wsdnts. Thurs.
7,821
To Havre, per steamer Lord Charlemont, 7.821....................
....
....
....
....
To Dunkirk, per steamer Royal Welsh, 3 .6 41 .... ................
3,641 Liverpool, steam.d
•mmm
®64
To Bremen, per steamers Constance, 9,570....Croma, 9,186
Do
D ec..d. B32®1164
532
532
5S2
532
532
---- Hajeen, 7 ,4 2 7 :.............
............... ............... ....... 26,183
35t
35t
35t
816
S16
S16
To Hamburg, per steamer Holsatia, 1 5 0 0 ......... ............. 1.509 Havre, steam__ c.
....
....
To Barcelona, per s .earner Astuti «.n Pclnoe. 1,050.. ... .. 1,050
Do
spot___.d.
....
....
....
....
To GenoB, per steamers Asturian Prince, 5,374....Sandhill,
351
35t
35t
Bremen, steam., d.
351
35t
35t
4 ,8 0 0 ....Straits of Magellan, 4,300........ .......... ............... 14,494
....
....
....
....
Do
later... d.
....
....
To Trieste, per steamer Asturian Prinoe, 1.300 . .............
1,300
GALVESTON—To Liverpool, per steamers Coquet, 5,9 01 ....
Hamburg, steamd.
*8
*8
*9
*8
*8
Eric, 7,262 ...Lucina, 6,609___Starlight, 7,630 ............... 27,402
....
Do
later..d.
964
904
964
»64
964
To Havre, psr steamer Moonstone, 5,876 .................. . . . . . . 5,876
301
30t
30t
im s’dam, steam.e. 271«-30t
301
30t
To Bremen, per steamers City, 7,137___Ethelreda, 5,999.. 13,136
To Hamburg, per steamer Ae >n, 900......................................
900 Seval, via Hull.d.
1864
1*64
1304
1364
1S64
1364
Mobile —To Liverpool, per steamer Cydonla, 3,938 ................... 3,938
Do Dec’ ber..d.
....
732
733
732
732
732
To Vera Cruz, per steamer Bavensdale, 536........ ..................
536
....
....
S’ loua, direct.. .d.
....
S16
Savannah—To Liverpool, per steamer Viola, 3,479 upland and
1,215 Sealsland........ ..........
. . . . 4,694 Genoa, steam ...d.
281
9fl4®582 964®532 904®532 9fl4®532 964®532
To Bremen, per steamers Castlegarth, 5,252___White 11old,
....
....
....
Do
later ....d . 964®532
....
«...
6.702 ............... .................. . ...................................... ........ 11,954
13«4
1364
13fl4
1364
1S64
To Lisbon, per bark Josenhina, 700 .....................
700 Trieste, v.Genoa.d.
To Oporto, per bark Josephlna, 1 ,7 0 0 .......................... ......... 1,700 Antwerp, steam. d.
*8
*8
*8
*8
*8
To Genoa, per steamer Katnleen, 4,388 ......................... .
4,383
t Cents net per 100 lbs.
Charleston - To Liverpool, per steamer G. B Booth. 7,033__
7,033
L i v e r p o o l . —By cable from Liverpool we have the following
To Grimsby for orders, per steamer Carolina, 4,397............. 4,397
To Bremen, per steamer Glenmavis, 6 ,1 5 0 ........................ .
6,150 statement of the week’s sales, stocks, &c., at that port:
Norfolk —To Liverpool, per steamers Baron Douglas, 6,579
__ Stockholm City. 3 ,9 7 8 ....
................................. .
10,557
Nov, 16, Nov. 23.
Nov. 2.
Nov. 9.
West P oint—To Liverpool, per steamer Sc. Oswald, 8,489 ....... 8,489
B oston—To Liverpool, per steamers Cambra man, 46i....C eph61,000
56.000
78.000
68,000
dales
of
the
week...........bales.
4,278
alonia, 144— Georgian. 2,417___Norseman, 1,256..........
3,500
4.800
3,400
Of which exporters took . . .
3.000
To Yarmouth, per steamer Yarmouth, 100............................
100
3.800
5.000
7,700
3,100
Of
whloh
speculators
to
o
k
..
Baltimore—To London, per steamer Montana, 4 0 0 . . . . . . . . . . . . .
400
53.000
71.000
62,000
50.000
To Bremen, per steamer Weimar, 6,574 ................................ 6,574 dales American.........................
8,000
11.000
6.000
10,000
Aotual
export...................
To Rotterdam, per steamer Frodano, 800..................... . . . . . .
800
74.000
66.000
62,000
Forwarded...............................
73.000
P hiladelphia —To Liverpool, per stea n«r Lord Gough, 817 ...
8 L7
769.000
670.000
660,000
718.000
Total
stock—Estimated...........
To Antwerp, per steamer Switzerland, J99 . . . . . ..... ...........
199
Of which American—Estim’d 533.000 528.000 587.000 633.000
70.000
73.000 132.000 125.000
Total import of the week........
Total.......... .—
............ ......................................................... 231,297
62.000
66.000 120.000 109.000
Of which American . . . . . . . . .
The particulars of these shipments, arranged in our usual Amount aAoat......................... 265.000 365.000 380.000 390.000
form , áre as follows:
Of whioh American............... 255.000 355.000 370.000 380.000
N e w Y ork —T o Liverpool, per steamer Nomadic, 6,147 upland




THE

N ovem ber 2á, 1894.]

933

CH RONICLE

The tone of the Liverpool market for spots and futures ea< h steady. The sales included No. 2 mixed at 58c. in elevator;
day of the week ending Nov. 28, and the daily closing prices No. 3 mixed at 52^c. in elevator and 53%c. delivered; also
steamer mixed at 54c. in elevator.
of spot cotton, have been as follows:
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Saturday Monday. Tuesday. Wednes. Thursday. Frida*

Spot.

M a rk et, \ In buyers’
favor.
1:45 F. M. ]
M id .U p T d s.

3

S p ec. & e x p .

7,000
500

Futures.
M a rk et, )
1:45 p . M. \
M a rket, )
4 F. M. )

Firm.

Moderate
demand.
Siga

Siss
10,000
1,000

10,000
1,500

Quiet.

Firm at
2-64 @8-64
advance.

Easy at
1-64 de­
cline.

Dull.

Firm.

Quiet and
steady.

Fair
business
doing.

More
doing.

Firm.

3%a
10,000
1,000

3%

3%

12,000
1,000

12.000
2,000

Quiet at Steady at
"Firm at
2-64 de­
2-64 @3-64 3-64 ad­
cline.
vanoe.
advanoe.
Steady.

Quiet and
steady.

Steady.

The opening, highest, lowest and dosing prices of futures
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
tated:
r » 2he prices are given in pence and 64the. Thus : 2 63 mean
2 63-64d. and 3 01 means 3 l-64d.
__________________________
M o n ., N o v . 1 9 .

8 a t.i N o v . 1 7 .

T i m ., N o v . 2 0 .

Open High Low. Vlos. Open High Low. OlO> Open High LOW. Oloe.
A.
d.
A.
A
A.
A.
A.
A.
A.
d.
A.
A.
N ovem b er. 2 66
2 56
Dec.-Jan.... 2 56
Jan.-Feb.. . 2 57
Feb.-M oh.. 2 59
Mch.-April. 2 61
April-May.. 2 62
M ay-Jane.. 3 00
Jnne-July.. 3 02
July-A ug... 3 04

2 66
2 66
2 67
2 58
2 60
2 61
2 63
3 01
3 02
3 04

2 66
2 56
2 56
2 57
2 59
2 61
2 62
3 00
3 02
3 04

2 56
2 56
2 57
2 58
2 60
2 61
2 63
3 01
3 02
3 04

W e d ., N o v . » 1 .

2 63
2 63
2 63
3 00
3 02
3 04
3 05
3 07
3 09
3 10

2 61
2 61
2 61
2 62
3 00
3 02
3 03
3 05
3 07
3 09

2 61
2 61
2 61
2 62
3 00
3 02
3 03
3 05
3 07
3 09

2 63
2 68
2 63
3 00
3 02
3 04
3 05
3 07
3 09
3 10

T h u r a .t N o v . 2 2 .

2 60
2 60
2 60
2 61
2 63
300
3 02
3 04
3 05
3 07

2 61
261
2 61
2 62
3 CO
3 01
3 03
3 05
3 07
3 08

2 60
2 60
2 60
2 81
2 63
3 00
3 02
304
3 05
8 07

2 61
2 61
2 61
2 62
3 00
3 01
3 03
3 05
3 07
3 08

F r t .. N o v . 23

Open High Low. Oloe. Open High Low. Oloe. Open High Low. O d.
A. A.
A.
A.
A.
A.
A.
A.
A.
A.
N ovem b er. 2 63 3 00 2 63 3 00 3 02 3 03 3 01 3 01 3 02 3 05 3 02 3 05
N ov.-Dee...
Dec.-Jan....
Jan.-Feb....
F eb.-M oh..
Mch.-April.
April-M ay..
M ay-June..
June-July..
July-A ug...

2 63
2 63
3 00
3 02
3 04
3 05
8 07
3 09
3 10

3 00
3 00
3 01
3 02
3 04
3 06
3 08
3 09
311

2 63
2 63
3 00
3 02
3 04
3 05
3 07
3 09
3 10

300
3 00
3 01
3 02
3 04
3 06
3 07
3 09
311

3 02
3 02
3 03
3 05
3 07
3 08
310
311
313

3 03
3 03
3 04
3 05
3 07
3 09
310
312
3 14

3 01
3 01
3 02
3 04
3 05
3 07
3 08
310
312

3 01
3 01
3 02
3 04
3 08
3 07
3 09
310
3 12

2 02.
3 02
3 03
3 05
3 06
3 08
3 09
311
3 13

3 05
3 05
3 06
3 07
3 09
310
312
314
3 15

3 02
3 02
3 03
3 05
3 06
3 08
3 09
311
3 13

3 05
3 05
3 06
3 07
3 09
310
312
314
3 15

B R E A D S T U F F S .
F r i d a y , November 23, 1894.

Sat.
N o v e m b e r d e liv e r y ......... o. 5 9
D e ce m b e r d e liv e r y ......... o. 5 6 %
J a n u a ry d e liv e r y .............e. 5 4 %

Mon.
58%
55%
5 3%

Tues.
58
55%
53%
53%

Thurs.
58
54%
52%
52%

Wed.
57%
54%
52%
52%

Fri.
57%
54%
52%
52%

May delivery................ o. 53%
53%
Oats for future delivery have attracted very little attention,
and in the absence of any sustaining feature prices have made
fractional declines in sympathy with the weakness of wheat
and corn. The spot market has been moderately active, but
prices have weakened slightly with futures. The sales yester­
day included No. 2 mixed at 33%@33^c. in elevator and No.
2 white at 37^@37%c. in elevator. The market to-day was
quiet but steady. The spot market was, fairly active at steady
prices. The sales included No. 2 mixed at 33m @33>£c. in
elevator and No. 2 white at 37^c.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.

Sat.
D e ce m b e r d e liv e r y .......... o
J a n u a ry d e liv e ry .............o.
F e b ru a ry d e liv e r y ......... o.
M a y d e liv e ry ............ . . . . o .

34
3 4%
35%
36%

Mon.

Tues.

Wed.

Thurs.

334
34»*
35%
36%

33%
34%
35%
36%

33»8
34%
35%
36%

33%
34%
35%
36%

Fri.
33^
3 4%
35%
36%

Rye has been dull but steady. Barley has been quiet and
without change.
The following are closing quotations:
PLOTTB.
P in e
.......tt b b l. S I 7 5 ® $ 2 0 0 P a te n t, w in t e r ;.......... $ 2 7 5 ® $ 3 15
S u p e r fin e ........ ... ........ 1 9 0 ® 2 15 C ity m ills e x t r a s ......... 3 2 5 ® 3 3 0
E x tra . N o. 2 ........... 2
0 0 ® 2 3 0 R y e flou r, s u p e rfin e .. 2 5 0 ® 2 85
E xtra N o 1
. . . . 2 2 0 ® 2 4 0 B u ck w h e a t flo u r .. . . . 1 9 0 ® 2 0 0
Clears’. ........ . . . . . . . . . .
2 3 5 ® 3 5 0 C o m m eal—
„
W estern , & o ............. 2 7 5 ® 3 0 0
S tr a ig h ts ...................... 2 5 5 ® 3 2 5
P a ten t, s p r in g ............. 3 2 5 ® 3 8 0
B r a n d y w in e ........... .
3 05
[W h e a t flo u r in sa ck s sells a t p rio e s b e lo w th o s e f o r b a r re ls.]
GRAIN.

0.
56 ®
58 ®
52 ®
54 ®
®
33
Oats—Mixed,per bu.
37 ®
33%®
No. 2 white............ 37%®

W h e a tS prin g, p e r b u s h ..
R e d w in te r N o. 2 . .

0.
52
58
50
50

Corn, per bush—
0.
West’ u m ix ed ......
70
No. 2 mixed........
59%
Western yellow ...
60
Western White—
6L
34% Rye—
Western, per bush.
41
State and Jersey..
34%
38% Barley—No.2 West’n
State 2-rowed.......
State 6-rowed.......

®
®
®
®

nn

e.
59
59
60
60

50 ® 55
.... ® ...»
63%® 64
.... ® ...•
.... ® ....

breadstuffs to m a rk et as in d ica te d in th e

statements oeiuw is, picpai™
—in'--™ —New York Produce Exchange. W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Nov. 17, 1894,
and since August 1, for each of the last three vears:
Receipt» at—
imoago ....
Milwaukee...
Duluth........
Minneapolis.
Colecto.........
Detroit.........
Cleveland....
it. Louis......
Peoria..........
Sansas City.

Rve.
Bariev.
Oats.
Corn.
Wheat.
Flour.
Bbls.WOlbs Bush.60 lbs Bush.56 lbs Bush.3%lbs Bush.48 Ibi Bu.50 Ibi.
105,147
48,494
208,086
1,241
2,005
17,420
21,415
6,750

308,231
102 515
1,486,646
1,898,510
151,600
58,968
52,388
121,280
10,800
62,975

646,627
14,950
13,500
69,000
54,355
14,221
181.295
332,800
43,832

766,248
120,000
71,151

40,550
21,035
......
.. ...
1,600

491,550
295,745
194,921

6,800

34,957
25,380
During the past week the market for wheat flour has re­
35,027
lapsed into dulness. Buyers have withdrawn, owing to a
2,100
108,900
60,000
break in the price of grain, but aside from a slight reduction
1,200
155,100
47,000
in the cost of “ spring patents,” due to a decided increase in
896
the movement of the wheat crop at the Northwest, prices
66,385
have been steadily maintained. Rye flour has had a slow
410,558 4,253.943 1,370,580 1,305,079 1,115,202
Tot.wk, ’94,
88,355
288.931 5,588,353 2,974,332 2,128,533 1,457,736
call but prices have been without change and steady. Buck­ lame wk,’93.
213,485
313,221 6,168,148 1,526,574 1,945,091 1,329,615
wheat flour has declined, owing to the unfavorable weather. Jame wk,’92.
Corn meal has been in moderate request for the choice brands Sine« Aug. 1.
942,166
17,404,080
36,635,752
5,586,566 83,336,964 31,717,229
1894...........
at steady prices. To-day the market for wheat flour was dull
5,335,155 81,916,215 52,888,907 49,227,146 13,803,991 1,432,297
1 8 9 3 ........
and without change.
5,569,675 125,088,029 42.883,480 43.547,556 13,400,727 4,432.409
1892...........
The market for wheat futures has been fairly active, but at
The receipts of flour and grain at the seaboard ports for the
declining prices. “ Longs” have been selling rather freely to
realize profits, prompted by an unexpected increase in the week ended Nov. 17, 1894, follow:
Rl/e„
Bariev,
Oats,
Wheat, Com;
Flour,
movement of the crop at the Northwest, weaker foreign ad­
bush.
bush.
bush.
bush.
bush.
bbls.
Receipts at—
975
132,150
549,100
vices and an absence of an export demand. The spot market
342.300
840.325
... 172.112
15,010
23 5,15ft
155,617
109,499
has been quiet and weaker with futures. Yesterday the
17,165
80,295
.....
.
404,811
... 18,713
46,400
8.7.648
sales included No. 2 red winter at
over December f. o. b. Philadelphia......
44,564
69,918
7,509
18,199
97,471
from store. To-day the market was weaker during early Baltimore............ ... ........ 115.438
9,800
3.600
12, 6/2
’ Change, in response to easier foreign advices and heavy re­ New Orleans . . .. ... 11,754
31,596
19,000
ceipts at the Northwest, but later rallied on buying by “ shorts”
8,484
980,089 200,725
681.348
.. . 439,888 1.562,581
4,820
236,510
to cover contracts, closing steady. The spot market was Week 1893........... .. . 433,554 1,057,187 927,143
moderately active and steady. The sales included No. 2 red
The total receipts at ports named in last table from Jan. 1
winter at l% c. over December, f . o. b. afloat, and No. 1 hard to Nov. 17 compare as follows for four years:
1891.
Manitoba at 10c. over December, f . o. b. afloat.
1892.
Receipts of—
1894.
1893.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.

December delivery . . . . . 0.
January delivery.. ......c.
February delivery.
Maroh delivery----- ...... c.
May delivery..........
July delivery....... ..........

Sat.
59%
61
61%
62%
64%
....

Mon.
59%
60%
61%
62%
63%
....

Tues.
59%
60%
61%
62%
63%
6478

Wed. Thurs.
57%
58%
59
59%
60
60%
61%
60%
62%
62%
63%
6378

Fri.
577s
58%
59%
60%
62%
....

F lo u r.................. bbls. 18,165,402

17.247,857

W heat............b u s h . 52.628,530
C o m ............................ 4<>,075,9 IS
O a t s ........ 40,333,306
Barley........... ............. 3,747,744

86.812,437
49,988,503
47,577,244
3,860,436

lye..;.!....

426,785

T otal grain.......... 137,210,288

92,380,249
38,167.622
38,430,571
4,773,494
8.548,975

1,037,503

189,076.113

255,825.821

The exports from the several seaboard ports
There has not been much animation to the dealings m the ending Nov. 17, 1894, are shown in the annexed
market for Indian corn futures and prices have steadily de­
Oats.
Flour.
Com.
Wheat.
bush.
bbls.
bush.
clined under liquidating sales by “ longs,” prompted by in­
bush.
Exports from—
6,921
047
96,111
58,441
creased receipts at primary points and more favorable Boston. v ................,.. 970
34,682
42.049
106,273
14,866
8,420
weather at the West for the maturing of the crop. The spot T
YI1’ l, 1_|
43,740
market has been quiet and easier. The sales yesterday in­
24,514
63
1,216
"591
cluded No. 2 mixed at 59^c. delivered, No. 3 mixed at 52<§|
17,358
52J^c. in elevator and 53^c. delivered; steamer mixed at 54c.
361
in elevator and No. 2 white at 58^c. in elevator. To-day the Portland.................
market made a slight further decline, under a continued full
6,984
232.843
109,501
Total week........ !
movement of the crop. Thej spot market was quiet but Same time 1893...,.. 823,080 960,531 262,196 143,439




13,945,949

17,396,689

182.300,911

for the week
statement:
Rye.
bush.

Peas.
bush.

11,744
38,426

"9,373

60,170
121,010

934

THE

CHRONICLE.

[V ol. LIX j

The destination of these exports for the week and since they bid are in most cases too low for acceptance; at the same
Sept. 1, 1894, is as below. W e add the totals for the corres­ time there is considerable irregularity. Bleached shirtings
ponding periods of last year for comparison:
have sold in limited quantities only and until prices of lead­
f
-P LU Hit
Exports for
Week Since Sept, Week Since Sept. Week Since Sept. ing tickets are revised purchases for spring are likely to be kept
back, a lower level than the present being looked for. Colored
week and since Nov. 17. 1,1894.
Nov. 17. t, 1894.
Nov. 17. 1,1894.
Sept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
bush.
cottons disclose generally dull conditions, with irregular prices
United Kingdom 169,450 2,047,405
618,400 8,023.610
76.391
611.925
Continent............ 21.187
423,774
155,743 3,3ö7,9H0
24,987
223,171 the cessation of the demand for South America making a
8. & C. America.. 17,933
310,406
250
835
83,117 noticeable difference in some quarters. Sales o f wide sheet­
W est Indies.......
25,589
244,886
1,000
3,502
87,125
Brit. N. A. Col’s.
7.343
123,147
1.000
2,870
6
13 570 ings on a limited scale and moderate only in cotton flannels
Other countries..
1,346
9,132
22,000
42,400
3,780
11,691 and blankets. Kid-finished cambrics steady but still dull, as
T o ta l................. 232,843 3,169,110
797.143 11,438.030
109,501
930.599 are other linings. White goods again in fair request and a
Total 1893........... 262.196 3,222,745
823,080 14,645,525
960,531 9,778,600 fair business reported in quilts. A steady demand of consid­
The visible supply of grain, comprising the stocks in granary erable proportions is recorded for specialties in printed dress
at the principal points of accumulation at lake and seaboard fabrics for spring and moderate sales of shirting prints. Mer­
ports, Nov. 17, 1894, was as follows:
rimack shirtings for 1895 opened at 4c. Regular prints for
. Wheat,
Com,
Oats,
Bye, : Bariev present season dull throughout. Fine ginghams for spring
In store at—
bush.
bush.
bush.
bush.
bush.
New Y ork .........
13,794.000
‘ 217,000 2,452,000
34,000
' 3,000 selling with sòme freedom, as are medium and low grades ;
Do
afloat......... , 1,157,000
77.000
500.000
, 20M.000 high novelties quiet. Napped dress styles in good request in
A lb a n y......................
20.000
210.000
40.000
Print cloths have advanced
B uffalo...... .
. 3,624,000
156,000
45,000
1,001,000 better grades. Staples slow.
119,000
Do
afloat.....,
1-16c. o 2%c. for extras, with a fair business doing.
C hicago...................... .26,470,000
805,000
1,539,000
Do

afloat......

.

724,000

161,000

37,000

7,000

19,000

85,000

385,000

19,000

394,000

50.000
24.000

12,000
..........
.......
7,000

1,000
30,000
350,000
41,000

Do
afloat........
D u lu th ....................... . 4,532,000
Do
afloat.......1
T oledo........................ . 3,029,000
D etroit...................... . 1,327,000
,
10,000
St. Louis.................... 6,414,000
Do
afloat.........
Cincinnati...................
19,000
B oston ..,.................
996.000
Toronto I................... :.
64,000
Montreal....................
671.000
Philadelphia.............. 1,181,000
Peoria.........................
193.000
Indianapolis............. ., 271,000
Kansas City.............. . 1,570,000
Baltimore................... i 1,079,000
Minneapolis............... ,13,363,000
St. P a u l.....................
On Mississippi River .
39,000
On Lakes.................... 1.251.000
On canal and riv er... 1.504.000

43.000
65.000
52.000
18.000
120,000
6,000

190.000
393.000
15,000
117.000
194.000
246.000
100.000
308.000
194.000
265.000

Total Nov. 17,1894..82,282,000
Total Nov. 10,1894..81,220,000
Total Nov. 18,1893..76,754,000
Total Nov. 19,1892..69,536,000
Total Nov. 2 1 ,1891..41,014,514

THE

DRY

82,000
18,000
17,000
181,000

672,000

14.000
18.000

8,000
17,000

173,000
47.000
14,000

i',000
9,000
6,000
29,000
32,000

66,000

557.000
299.000

4=0,000
334.000
830.000

7.000
25,000

316,000
709,000

2.765.000
3.688.000
7.320.000
12,235,000
1.950,080

9,110,000
9,064,000
4,671,000
7,921,000
4.645,230

505.000
449.000
895.000
1,285,000
2,505,804

3,515,000
3,993,000
3,947,000
2,812,000
3,736,460

GOODS TRADE.

N e w Y o r k , F r i d a y , P. M., November 23,1894.

to

Nov. 20.

1894.

1893

TFeefc. Since Jan. 1.

TFeefc. Since Jan. 1.

Great Britain.......................
Other European..................
China....................................
India......................... ..........
Arabia.................................
Africa........... .......................
West I n d ie s ....................
M e x i c o .. . . . . . . . . .. . . . . . . . .. .
Central America..................
South America....................
Other Countries.................

50
16
7
140
284
252
387
26
149
1,575
44

5,087
3,012
71,033
6,485
20,761
7,422
15,976
1,943
8,942
49,956
3,216

T o ta l................. ..........
China, via Vancouver*...

2,930

193,333
20,318

4,025

....

134,930
32,146

Total............................... 2,930
214,151
* From New England mill|points direct.

4,025

167.076

....

31
28
28
597
103
8
3,154
76

4,447
1,661
30,189
5,539
11,487
6,322
17,939
2,233
4,380
48,124
2,609

The value of the New York exports since January 1 has
been $10,162,622 in 1894 against $8,058,138 in 1898.
The demand for brown sheetings has again been mainly
confined to modest quantities for immediate use. Where
buyers are willing to purchase for future deliveries the prices




W

o o len

161.000

1893.
Nov. 18.

314,000

1892.
Nov. 19.
None.
3,000

526,000

3,000

212,000

G oods .— A few cold days have improved the de­

mand for heavy-weight woolens for itnmediate use, in staples
of black and blue descriptions almost entirely. There has
also been an increase in the number of re-orders coming to
hand for spring lines of medium and low-priced grades of
staples, cheviots, clay worsteds and cassitneres, but no im­
provement in the call for finer grades of worsted and other
fancies. Agents are being'pushed for deliveries on back
orders, but fewer complaints of delay have been heard this
week than last. There has been no movement yet towards
showing new heavy-weight lines for next fall outside of a few
overcoating lines, which have attracted little attention.
Business in cloakings fair, and again confined largely to ker­
seys and beavers. No improvement noted in the demand for
cotton-warp or cotton-mixed goods. Woolen and worsted
dress goods in average request. Flannels and blankets quiet.
New season (spring) prices have been made on leading lines of
carpets, showing a reduction of 2 ^ c. per yard on ingrains, and
better sales are reported.
F o r e ig n D r y G o o d s .—This division has shown no new fea­
ture in any direction. Seasonable trade is almost entirely of
the clearing-up order, even in holiday goods, and prices very
irregular in consequence. The demand for spring lines has
been mostly for limited quantities and without special char­
acter.
Im p o rta tio n s a n d W a reh e use W ith d r a w a ls o f D ry G oo d s

The importations and warehouse withdrawals o f dry goods
at this port for the week ending November 22, and since Jan. 1,
1894, and for the corresponding periods of last year are as
follows :
g

£jjtf

ts

isp iia
■fr
Hi
®•

©> ; ; §
p:

t? »

S

&

m HF ill
ga>l; R I

I II

g

: e

5
&
e *£

g
5
2 S3S®o S
mr

g-o ft

0:
0:

USh3

1-4
M
GO
O
O
<
to

I 1,632
26,362

New Y o b k

Total stock (pieces). . . . . . . . . . . .

27,994

There has been some improvement in the market this week,
but it has not amounted to much more than a slight increase
in the orders for immediate supplies of staple cottons and
in re-orders for spring woolens and worsted fabrics. In the
former there is still apparent a disinclination on the part of
the general body of buyers particularly jobbers to place
orders for spring on the current basis of values and a
disinclination on the part of sellers to come down
to the level of buyers’ ideas, although in a number
of directions a willingness to trade within rea­
sonable limits is noticeable. The advance in the price of raw
cotton has had little effect, as that market is still too
unsettled to be an element of steadiness, nor has the advance
in print cloths exercised an appreciable influence even over
finished goods most closely connected with them. The de­
mand for spring lines of cotton dress fabrics, for white goods,
and other spring specialties, has been on a fair scale, and re­
sults are generally reported well ahead of those secured up to
corresponding date last year, but on a lower level of prices.
From visitors to this market and reports coming in it is
gathered that the weather is still the important element in
the distributing trade; some sections have been benefitted by
a cold term, but as a rule the temperature has been too high
for a good general business. There are complaints of slow
collections from some sections, chiefly Southern, but as a rule
payments compare well with an ordinary year.
D om estic C o tto n G oods ,—The exports o f cotton goods
from this port for the week ending Nov. 20 were 2,930
packages, valued at $157,689, their destination being to the
points specified in the table be o «

1894.
Stock o f Print Cloths—
Nov. 17.
At Providence, 64 squares................ 46,000
At Fall River, 64 squares.................. 14,000 >
At Fall River, odd sizes..................... 101,000 j

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THE

N ovem ber 24. 1894.J

S tate

awe

C it y

term s

of

CHRONICLE.

V tfA v rm u r.

s u b s c r ip t io n .

C o m m ercia l a n d F in a n cia l C H R O N IC L E con­
tains 4 0 to 6 4 pages, published every week.
State a n d City S up p lem en t of C H R O N IC L E con­
tains ISO pages, published periodically.
in vestors’ S up p lem en t of C H R O N IC L E (a Cyclo­
paedia of Railroad Securities) contains 1 6 0 pages, published
every other month.
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
which includes every issue of both S u p p l e m e n t s .

935

Albany, Oregon—.(C h r o n ic l e , vol. 59, page 804.)—City Re­
corder N. J. Henton writes the C h r o n ic l e that $20,000 o f
bonds voted in October for the purpose of paying off the float­
ing debt will be issued early in the spring of 1895. In order
to make the issue it will be necessary to amend the city char­
ter, and this will be done when the Legislature meets in
January.
Allegheny, Pa.—(C h r o n ic l e , vol. 58, pages 049, 691,
744, 786 and 1081, and vol. 59, pages 37 and 889.)—Comptroller
James Brown notifies the C h r o n ic l e that ordinances are be­
ing prepared for submission to the Common Council authoriz­
ing a vote on the question of increasing the indebtedness of
the city. The vote will not be taken until the municipal elec­
tion, to be held on the third Tuesday in February, 1895.
A then’s County, Ohio—Road bonds of this county to the
amount of $300,000 have been voted.

Avondale, Ohio.—(C h r o n ic l e , vol. 58, pages 780 and 1002,
and vol. 59, page 616.)—Proposals will be received until De­
cember 6, 1894, by W. Ellwood Wynne, village clerk, for the
Terms of Advertising—(Per inch space.)
purchase of $22,500 of 4 per cent street improvement bonds.
One tim e............................... $3 50 I Tnree Months (13 times) ..*25 00 The securities are dated May 1, 1894, interest is payable semi­
One Month
(4 times).. 11 00 Six Months
(26 times).. 43 00
Two Months
(8 times).. 18 00 I Twelve Months (52 times).. 58 00 annually on May 1 and November 1, and the principal will
(The above terms for one month and upward are for standing cards.) mature in 30 years.
Ballard, Wash.—(C h r o n ic l e , vol. 59, pages 244, 525 and
845.)—Proposals will be received until November 27, 1894, by
E. O. Marsh, City Clerk, for the purchase of $43,675 of water­
works bond? and $6,600 of electric-light bonds. Interest at a
rate not exceding 6 per cent will be payable semi-annually
and the loan will become due in twenty years, both principal
and interest to be payable at the Chemical National Bank,
New York, or at such place as may be agreed upon.
The city of Ballard has no bonded indebtedness. Its as­
sessed valuation for 1894 is $1,005,390 and the estimated popu­
lation 3,500.
Berrien Connty, Mich.—(See C h r o n ic l e vol. 59, page 38.)
—The people of this county voted on November 6 in favor o f
issuing $70,000 of bonds for the construction of a court­
house and jail.
Bowling Green, Ohio.—(C h r o n ic l e , vol. 59, page 384.)—
It is reported that this city has sold $12,000 of refunding bonds
at 105 '108)*}. The bonds bear interest at the rate of 5 ^ per
cent.
Kansas City Water Bonds.—It has been decided by the Cit­
Brockton, Mass.—(C h r o n ic l e , vol. 58, pages 611 and 649,
izens’ Committee and the officials of Kansas City to receive and vol. 59, pages 244, 299, 343, 384 and 485.)—This city will
proposals until December 3d for $3,000,000 of
per cent petition for authority to issue sewer bonds to the amount of
bonds, to be issued for- the purpose of purchasing the plant of $250,000.
Brooklyn, N. Y .— (C h r o n ic l e , vol. 58, pages 565, 691, 744,
the National Water-Works Company. The sale is to be on
condition that the company furnishes a complete title to the 786, 787, 831, 876, 953, 1045 and 1118, and vol. 59, pages 84.
200, 384, 486, 616, 709 and 845.)—On Nov. 21 twenty-threebids
works. Interest on the bonds will be payable in gold in New were received for the purchase of registered bonds of the city
Tork City, and the securities are to be of the denomination of of Brooklyn described as follows:
$1,000 each.
LOANS—
When Due.
LOANS—
When Due.
Se w e r a g e F u n d B o n d s —
er m a n en t W a t e r L oanThe contract with Messrs. Blair & Co., which we mentioned 4s, J&J, $100,000....July 1, 1897 48,P J&J,
$150,000.......Jan. 1,1914
l d ie r s ’ M o n u m e n t last week, will be abrogated if the city gets a higher bid 48,S oJ&J,
$50,000........ Jan. 1, 1925
among the proposals to be opened on the third of next month.
The amount of all the bids was $3,700,000, and the following
It is reported that the price named in the contract was 100'5, awards were announced:
being equal to a total premium of $15,000. The representa­ Ben well &Everitt, $100,000 sewerage bonds at.........................101'53
W. Harris & Co., $150,000 permanent water at....................... 107-83
tives of the city think that the loan ought to bring as high a N.
N. W. Harris & Co., $50,000 soldiers monument at......................110*3.1
premium as $100,000.
The securities are all exempt from taxation except for State
purposes.
Knoxville, Tenn.—It is reported that the Supreme Court
Carrollton, Ky.—Water-works bonds of Carrollton to the
of Tennessee, in the suit o f the Knoxville Cumberland Gap amount of $20,000 have been voted by the Council.
& Louisville Railroad Company against the Mayor and AiderCentreville, Mich.—An election will be held on December
men of Knoxville for $225,000, has decided on the main ques­ 4,1894, to vote on the question o f issuing water-works bonds
tion in favor of the company, but has remanded the case for for $10,000.
Cincinnati, Ohio.—(C h r o n ic l e , vol. 58, pages 1045 and
further testimony as to the ability of the company to deliver
to the eity the stock. The city voted that amount in bonds 1118, and vol. 59, pages 163, 299 and 571.)—Proposals will be
received until December 10, 1894, for the purchase of $37,500
to the railroad when it was completed, and the company of 4 per cent school bonds, the loan to become due in from 7
asked for the bonds. The city refused them on the ground to 10 years.
that the road was not completed within the specified time.
Decatur, Mich.—(C h r o n ic l e , vol. 59, page 840.)—The cit­
izens of Decatur voted on November 15 in favor of issuing
$12,000 of bonds for water-works.
B o n d P ro p o sa l» a n d N e g o tia tio n s.—We have re­
Fort Collins, Colo.—Proposals will be received until De­
served through the week the following notices of bonds cember 17, 1894, byC . E. Lull, City Clerk, for the purchase
recently negotiated and bonds offered and to be offered for o f $105,000 of 5 per cent funding water bonds. The securities
will be dated January 2, 1895; interest will be payable semi­
sale.
annually, and the principal will mature in twenty years,
Aberdeen, S. Dak.—(C h r o n ic l e , vol. 59, page 750.)—On with an option of call in ten years, both principal and interest
November 20 $20,000 of 6 per cent Aberdeen refunding bonds to be payable in gold in New York or Denver.
to be dated January 1, 1895, were awarded to Messrs. Mason,
Fort Wayne, Ind.—(C h r o n ic l e , vol. 59, pages 38 and 126.)—
Lewis & Co., of Chicago, for $20,950 and accrued interest.
is reported that $17,000 of improvement bonds have been
Messrs. N. W . Harris & Co. of Chicago bid $20,934 and ac­ It
sold at 103.
crued interest, Farson, Leach & Co. bid $20,700 and ac­
Holyoke, Mass.—(C h r o n ic l e , vol. 58, pages 831, 915 and
crued interest, and Theis & Burroll, of Spokane, Wash., bid
953, and vol. 59, pages 126, 129, 486 and 526.)—In confutation
$20,000 Straight.
Interest on the bonds will be payable semi-annually, Janu­ of the report that the Common Council of Holyoke had voted A
ary 1 and July 1, and the bonds will mature January 1, 1915. to recommend a bridge loan of $75,000, City Clerk T. D.
The securities will be issued in denominations of $500 each, O’Brien writes us that no such issue has been recommended
and they will be made payable at the Chemical National Bank or contemplated.
of New York City. The loan was authorized by popular vote
Jersey City, N. J.—(C h r o n ic l e , vol. 58, pages 692, 787,
at a special election held on October 4. The proceeds are to 915,1046 and 1082, and vol. 59, pages 163, 439, 486 and 710.)—
be used for the purpose of refunding $20,000 of 8 per cent City Comproller George R. Hough reports to the C h r o n ic l e
bonds which were issued in 1884 and are now subject to call that $45,02315 of 4 per cent bonds recently issued by Jersey
at any time.
City have been taken by the sinking funds.
v h e p u rp ose o f this State a n d City D e p a rtm e n t
is «o 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
8 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 of each item a
reference to the page where the item in the C h r o n i c l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.




986

THE

CHRONICLE

Johnstown School District No. 15, R. 1.—(Chronicle ,
vol. 59, pages 710 and 80S.)—School bonds of this district to the
amount of $55,000, bearing 4 per cent interest, have been sold
to Messrs. Harvey Fisk & Sons for a total premium of $J40 50.
Twenty-five thousand dollars of the securities run for 15 years
and $30,000 will run for 30 years. The bonds will be either
coupon or registered, as the purchasers may desire. They are
to bear the date of October 1, 1894, and interest will be pay­
able semi-annually at the office of the Industrial Trust Com­
pany in Providence.
Latrobe, Pa.—(Chronicle , vol. 59, page 710.)—Latrobe
water-works bonds to the amount of $60,000 were authorized
at the November election. It has not yet been decided when
or how the securities will be issued.
Lincoln, Neb.—(Chronicle , vol. 59, pages 710 and 890.)—
It is reported that $50,000 of 6 per cent refunding school
bonds have been authorized.
Long Island City, N. Y.—(Ch ronicle , vol. 58, page 832.)—
City Treasurer Frederick W. Bleckwenn will receive propos­
als until 11 A. M., Nov. 27, for $391,500 of 4& per cent Long
Island City bonds, described as follows:
LOANS—
When Due.
LOANS—
When Due.
R e v e n u e B o n d s—
4*ss, A&O, *lo,O00.. April 1,1904
G en eral Im provem ent—
4*«S, A&O. $69,«>00..April 1, 1899
4 12S, M&N, 34,00 0 ...May 1,1899

4*«s, M&S, $145,500.Sept. 1,1899
4*28, M&S,
44,00‘).8ept. 1, 1»05
4*48, M&S,
31,500.Sept. 1,1906
4>«S, M&S,
35,500.8ept. 1,1909
4 ^ 8 , M&8,
22,000.Sept. 1,1914

The bonds will be for $500 each, and bidders are required to
state the price they will pay per $100 exclusive of accrued in­
terest.
Further inform ation regarding the sale o f the securities will
he found in the Treasurer's advertisement elsewhere in this De­
partm ent.
Long Prairie, Minn.—(Chronicle , vol. 59, pages 710 and
751.)—It is reported that $10,000 of village water bonds were
sold on Nov. 7 at 105. Interest at the rate of 6 per cent will
be payable annually, both principal and interest to be payable
at the office of the Village Treasurer, and the bonds will ma­
ture at the rate of $2,500 every five years.
Ludlow, Vt.—(Chronicle , vol. 58, page 1003.)—Street im­
provement bonds to the amount of $21,585 have been author­
ized by the Council.
Mansfield, Ohio.—(Chronicle , vol. 58, pages 650 and 692,
and vol. 59, pages 38 and 245.)—Proposals will be received
until December 10, 1894, for the purchase of $12,585 11 of 6
per cent bonds.
Meadviile, Pa.—(Chronicle vol. 59, pages 201 and 805.)
—A vote taken on November 6 on issuing $75,000 of
bonds for water-works resulted in favor of the proposition.
Medford, Mass.—(Chronicle , vol. 58, pages 565,1082 and
1120, and vol. 59, pages 164, 526, 617, 751 and 805. Proposals
will be received until November 26, 1894, by Parker R. Litch­
field, City Treasurer, for the purchase of $14,000 of 4 per cent
public play-ground bonds. The securities will be dated
December 1, 1894, interest will be payable semi-annually on
June 1 and December 1, and the principal will mature Decem­
ber 1,1914, both principal and interest to be payable at the
Howard National Bank, Boston.
Mexico, Mo.—Sewerage bonds of this municipality to the
amount of $100,000 will probably be issued.
Milwaukee, Wis.—(Chronicle , vol 58, pages 877, 916,1003,
1046 and 1083 and vol. 59, pages 84, 126 and 664.).—On Nov.
17 $35,000 of 5 per cent school bonds were sold to Messrs.
Farson, Leach & Co. of Chicago at 111‘70. Twenty-two bids
were received for the loan, as follows :

[VOL, L1X,

Seven other bids were received for the loan. The securities
are dated Sept. 1, 1894, with interest payable semi-annually,
and the principal will mature at the rate of $1,000 yearly
from Sept. 1, 1895 to 1902 inclusive, $2,000 yearly from Sept.
1, 1903 to 1911 inclusive, and $3,000 yearly from Sept. 1, 1912
to 1919 inclusive. Both principal and interest will be paya­
ble at the Monson National Bank.
The town is free from debt, excepting $18,000 borrowed tem­
porarily in anticipation of the sale of the above-mentioned
bonds. The assessed valuation for 1894 is $1,739,300.
Montevideo, Minn.—(Chronicle , vol. 59, pages 487 and
526 )—Proposals will be received until Dec. 10, 1894, by C. A.
Fosnes, President, for the purchase of $6,110 of 6 per cent
water-works bonds.
Morris County, N. J.—The finance committee of the Morris
County Board of Chosen Freeholders will receive sealed propo­
sals until December 11 for $350,000 of road improvement bonds.
These securities are to be payable forty years from January 1,
1895, and bear interest at the rate of 4 per cent a year, the board
reserving the right, however, to pay them off any time after
ten years from date of issue. Only $10,000 worth will be de­
livered at this time, and the remainder will be issued and de­
livered as the necessities of the Board may demand.
Nelson, Neb.—(Chr onicle , vol. 59, page 806.—The citizens
of Nelson have a second time voted down the proposition to
issue wa-er-works bonds to the amount of $13,000.
New Haven, Conn.—(Chronicle , vol. 58, pages 916 and
1003.)—It is reported that paviog bonds of this city to the
amount of $500,000 have been recommended.
Newton, Mass.— (Chronicle , vol. 58, pages 917, 955 and
1048, and vol. 59, pages 126, 164, 487, 751 and 891.)—It is re­
ported that on Nov. 15, 1894, the city of Newton sold $80,000
of 4 per cent coupon boulevard bonds due October 1, 1914,
and $9,000of 4 per cent coupon school bonds, due July 1,1914,
to Blodgett, Merritt & Co. at 106-927 and accrued interest.
Interest on the boulevard bonds is payable April 1 and Octo­
ber 1, and that on the school bonds January 1 and July 1, at
the office of the City Treasurer or at the National Revere Bank,
Boston, Mass.
Norfolk, Ya.—Five per cent bonds of Norfolk to the amount
of $100,000 have been voted.
North Platte, Neb.—(Ch ronicle , vol. 59, page 751.)—At
the November election the people of North Platte voted down
three bond propositions. One was to authorize school district
bonds for $30,000; another, electric-light bonds for $10,000,
and the third, funding bonds for $10,000.
Owensboro, Ky.—The people of Owensboro voted on No­
vember 6 in favor of issuing a loan of $135,000 for street pur­
poses.
Passaic, N. J.—(C h r o n icle , vol. 58, pages 832 and 1083.)—
The issuance of school bonds to the amount of $46,000 has
been recommended by the Finance Committee of the Common
Council.
Paterson, N. J.—(Chr o n icle , vol. 58, pages 956, 1047 and
1121, and vol. 59, pages 300, 617, 710 and 751.)—On November
20th ten bids were received by the city of Paterson, N. J., for
$47,000 of ten-year renewal bonds and $36,000 of fifteen-year
sewer bonds. Both issues are to bear interest at the rate of
41^ per cent per annum. The following shows the prices of$47,000.
10-Tear
Benewal.
E. H. Rollins & Sons................................ .......1 0 4 -3 7 9
Farson, Leach & C o ............
.....104-31
N. W. Harris & Co................................................. 104-13
Blair & C o .......... ............................................... ..103-89
Street, Wykes & Co . . . . . . . . . ------- ..............1 0 3 - 7 2
Blodget, Merritt & Co . . . . . . . ............................103-686
Benwell & Everitt............................................... 103-03
E. C. Jones & Co....................................................102-55
J. S. Farlee & Bro................................................. 102-50
Whann & Sehlessinger........................................ 102-44

$36,000
15- Tear
Sewer.
106-1799
106-17
105-83
105-33
105-22
105-296
104-55
103-55
103-50
103-33

Price.
Net Amt.
Name o f Bidders.
110-35
$38,622 50
Brewster, Cobb & Estahrook, Boston
108’51
37,980 25
N. W. Nat. Bank, Milwaukee.............
Farm. & Meeh. 8. B. of Minn., Minne­
108’60
38,01100 The securities were awarded to Messrs. E. H. Rollins &
apolis ........ .....................— ............
110’90(fL’t) 38.815 97 Sons.
Chas. IcMey & Co., Milwaukee . . . . . .
10941 38.29500
R. Kleybolte & Co , Cincinnati..........
10768 37,68800 Patton School District, Pa.—(Chronicle , vol. 59, page
Blake Bros., B o ston ............. ....
110149 38,56215891.)—At the recent election it was decided by this district to
E. H. Rollins & Sons, Boston. ...........
109-547
38,34145issue bonds for $10,000, and the securities have been sold.
Blodget, Merritt & Co., Boston..........
109-53
38,31550They bear interest at the rate of 4 per cent, payable semi­
R. L. Day & Co., Boston.....................
109127 38,19750
Third National Bank. Boston.............
10891 38,11850annually in June and December at the First National Bank of
W. J. Haves &8ons, C levelan d.......
37,187 50 Patton, and will mature December 1, 1914, with an option of
Z. T. Lewis, Dayton........................... 106’ 25 (plus 160-00)
108-25
37,89000call after December 1, 1899. The bonds are exempt from
Illinois Trust & Sav. Bank, Chicago.
10762
37,660OO
Edw. C. Jones & Go.. New York........
10804 37,81500taxation.
Lamprecht Bros & Co., Cleveland ..
The borough was organized in October of 1893, and neither
110 and 12-50 add.3 3,512 25
Cushman, Fisher & Co., Boston . . . . .
110 and 25-00 add.3 *,525 OO district nor borough have any other indebtedness. The
Milwaukee Nat. Bank, Milwaukee...
10917
38,210
00
Deitz, Dennison & Prior, Cleveland..
11170 39,09600borough’s assessed valuation for 1894, which is 80 per cent of
Farson, Leach & Co., Chicago...........
11048 38,66800actual value of real estate, is $211,110; personal property,
Mason. Lewis <fe Co.. Chicago...........
10970 38,39150$46,120; total, $257,230; total tax (per $1,000), $25. The esti­
N. W. Harris & Co., Chicago.............

The bonds are 40 in number, 20 being for $1,000 each and 20
for $750 each.
Interest is payable semi-annually, and the
bonds are dated July 1, 1894. Five per .cent of the issue is to
. be retired annually on June 1, bonds to be surrendered by July
k)l.-* The date of maturity is specified on each bond, the last
ones falling due July 1, 1914.
Mobile, Ala.—This city will petition the Legislature for
authority to issue $400,000 of 30-year bonds for water-works.
Monson, Mass.—(Chronicle , vol. 58, page 1003, and vol. 59,
page 890.)—On Nov. 21, 1894, the town of Monson, Mass., sold
$50,000 of 4 per cent water bonds to W . J. Hayes & Sons of
Boston at par, accrued interest and a premium of $2,265 50.




mated population of the borough is 2,000.
Pella, Iowa.—The people of this municipality voted on Nov.
8 in favor of constructing water-works at an estimated cost
of $30,000, for which amount bonds will probably be issued.
Per»*ins County, Neb.—(Chronicle , vol. 59, pages 164, 344
and 573.)—It is reported that $90,000 of irrigation bonds of
this county have been sold.
Pleasant Ridge, Ohio.—(Chronicle , vol. 59, pages 244,
488 and 891.)—Proposals will be received until December 8,
1894, for the purchase of $7,352 71 of avenue improvement
bonds and $3,000 of sidewalk bonds, both loans to bear in­
terest at the rate of 6 per cent.

N ovember 24, 1894.1

THE

937

CHRONICLE,

Pueblo, C o l .- ( C hronicle vol. 59. page 753.)—Water-works
bonds of this city to the amount of $75,000 have been voted.
Beading, Pa.—An election will probably be held at Reading
to vote on issuing $900,000 of bonds for drainage, bridges, etc.
Riverside, 0 —(C hronicle , vol. 58, page 051 and vol. 59,
pages 127, 344, 526 and 710.)—On November 20 $15,000 of Riv­
erside bonds were awarded to the Western German Bank of
Cincinnati for a total premium of $657 and accrued interest.
Eight bids were received for the loan, the next highest offer
being a premium of $631 25.
Rushford, M inn.—(Chronicle , vol. 59, pages 164, 246 and
440.)—Proposals will be received until December 8, 1894, by
F. A. Olson, city clerk, for the purchase of $4,000 of 5 per cent
water-works bonds.
San Jose, Cal.—Bonds of this city to the amount of $60,000
have been voted for water-works.
Seneca, Kansas.—(Chronicle , vol. 59, page 891.)—Water­
works bonds of Seneca to the amount of 30,000 were voted at
an election held November 15.
Shamokin, Pa.—It is reported that this borough has re
cently sold $10,000 of bonds for $10,010. The loan bears inter­
est at the rate of 4 per cent per annum, and runs 10 years.
Stamford, Conn.—(Chronicle , vol. 58, page 1048, and vol.
59, page 39.)—It is reported that $25,000 of 4 per cent 20-year
gold sewer redemption bonds have been sold to Messrs. Lee,
Higginson & Co. of Boston at 105 053.
Stapleton Union Free School District, N. Y.—It is reported
that 5 per cent school bonds of this district have been awarded
to the Staten Island Savings Bank at about 107'50.
Staunton, Ya.—A call has been made for the payment of 6
per cent coupon bonds of series “ C,” numbered from 7 to 81.
inclusive, for $1,000 each, and from 7 to 56, inclusive, for $500
each. They will be redeemed on presentation at the Equit­
able National Bank, Baltimore, Md., on January 1, 1895, at
which time interest will cease. The securities were issued for
a subscription to the capital stock of the Valley Railroad
Company, are dated July 1, 1874, and payable July 1, 1904, or
after the expiration of 20 years.
Tiffin, Ohio.—(Chronicle , vol. 59, page 752.)—It is reported
that improvement bonds of this city to the amount of $8,000
have been sold at 100’7.
Turner, 111.—(Chronicle , vol. 59, page 711.)—It is reported
that an election held November 13 to vote on issuing $10,000
of water-works bonds resulted in the defeat of the proposi­
tion.
Yentnra County, Cal.—(Chronicle , vol. 59, pages 711 and
847.) —The propositions to issue $30,000 of county farm bonds
and $20,000 of building bonds were badly defeated by the
voters of Ventura County at the election held on the 6 th of
this month.
Warren, 0 .—(Chronicle , vol. 59, pages 711 and 806.)—The
best of four bids received on November 22 for $12,000 of 4)^
p. c. bonds was that of the Western Reserve National Bank of
Warren offering a total premium of $12 for entire lot. The
loan includes $5,000 of trunk sewer bonds, $2,000 o f the
amount maturing each year on December 1, 1898 and 1899,
and $1,000 on December 1, 1900, and $7,000 of assessment
bonds, $1,500 of which amount is payable December 1,1895,
$2,500 December 1, 1896, and $3,000 December 1, 1897.
Waterville, Me.—Proposals will be received until Novem­
ber 27, 1894, for the purchase of $25,000 of 4 per cent funding
bonds, the loan to become due in 15 years.
Wanpnn, Wis.—(Chronicle , vol. 59, pages 345,526 and 664.)
—At the election held on Nov. 13,1894, the proposition to issue
water-works bonds for $33,000 was carried by a majority of 96
Williamsport, Pa.—(Chronicle vol. 58, page 1123.)—
Sewer bonds to the amount of $107,000 have been authorized
by the Council.

Virginia’s Debt.—The subjoined report has been corrected
to date by means of special returns to the Chronicle from
Hon. Josiah Ryland, Jr., Second Auditor of State. In a re­
cent public report Mr. Ryland calls special attention to the
fact that the act passed at the last session of the General As­
sembly extending the time in which holders of old securities
could fund into Centuries has been extended to its extreme
limit. No funding can be done after January 1, 1895.
STATE DEBT.—For a detailed report of tbe Virginia debt as it
stood prior to 1892, and for tbe bistory of tbe recent settlement made
by and between tbe Virginia Debt Commission and tbe Bondholders»
Committee, see tbe State and City Supplement of April, 1893, pages
151 and 152. Other items of interest with reference to tbe Virginia debt
will be found in tbe Chronicle as follows: Vol. 56, p. 636, 802; V. 57,
p. 155, 190, 565, 733, 950,1053; V. 58, p. 232, 274, 315, 357.
At present Virginia’s debt stands as shown below :
LOANS—
/— Interest.— - /---------- Principal.---------->
NAME AND PJRPOSE.
P. Ot. Payable. When Due. Outstand’g,
Rlddleberger Bonds, Act of
,
.____
1 8 8 2 ...................! ............ 3
J & J
July 1,1932 $6,330,786
Century bonds, dated 1891..2&3 J & J
July 1,1991 17,373,243
The interest on tbe Century bonds Is 2 per cent for tbe first 10 years
(or until July 1,1901,) and 3 per cent thereafter. Both Issues are ex«
empt from taxation.
Total amount of bonds issued under act of Feb. 20,1892:
To Bondholders’ Committee.....................................................$16,359,860
By Commissioners of sinking fund........................................
302,209
Funded under extension of act of 1892........ .............— ...
712,725
Canceled............................ - . ................................................----

$17,374,794
1,551

Total°Aet o f‘ Feb! Ï Ï , 18*82

,$17,373,243
. 6,330,786

Total debt Oct. 1,1 89 4 ........................ ....................................$23,704,029
Amount held by sinking fund............................................... *337,000

Net debt October 1 , 1 8 9 4 . . . . . . .. . . . . . ........................'....$ 2 3 ,3 6 7 ,0 2 9
Two important acts have been passed by tbe Virginia Legislature
this year. One re-enacts tbe Funding Act of Feb. 20,1892, and under
Its provisions all old Virginia bonds may now be brought in and
funded into new Century bonds, upon tbe same terms as tbe Olcott
settlement, and under this extension $712,725 61 have been funded
since our last report. Under the old law coupon bonds once con­
verted into registered certificates were not re-convertible into coupon
bonds, but this act makes coupon and registered bonds interchange
able. Tbe second act authorizes tbe Virginia State Sinking Fund Com­
missioners to invest tbe surplus revenues of tbe State from time to
time in Virginia Century bonds or Virginia 3s to tbe extent of $100,
000 per month. Under this act $337,000 of Century bonds have been
purchased at a cost of $199,291 33, and are now held by tbe Commis­
sioners of tbe Sinking Fund.
WEST VIRGINIA CERTIFICATES—In the settlement of 1871 it
was assumed that West Virginia should provide for one-third tbe prin­
cipal and interest of the then existing debt—for $15,239,370—that is
out of tbe total debt of $45,718,112. To represent, therefore, West Vir­
ginia’s share of bonds funded “ deferred certificates” were issued. All
efforts, however, to induce West Virginia to take recognition of these
certificates have thus far been unavailing. In 1885 tbe holders of about
$8,000,000 certificates united for tbe purpose of obtaining a comprom­
ise, and deposited their holdings with tbe Farmers’ Loan & Trust Com­
pany, which gave its trust receipts therefor. This attempt came to
nothing, and in 1890 Messrs. C. Satterthwaite & Sons, of No. 30 Throg­
morton Street, London, E. C., started another movement to bring about
a settlement.
Besides tbe original “ deferred certificates” there were subsequently
issued under tbe Riddleberger Act “ West Virginia interest-bearing cer­
tificates,” to represent one-third the principal of tbe old bonds brought
In for funding, and “ non-interest-bearing certificates” to represent onethird tbe interest on old bonds brought in for funding. Under tbe
agreement with the “ Bondholders’ Committee,” tbe holders of tbe
“ Old Bonds ” surrendered on settlement were given a certificate show
ing that West Virginia is indebted to them for one-third of said “ Old
Bonds.” Including these tbe outstanding West Virginia certificates
are therefore as follow s:—
STATE AND CITY DEBT CHANGES.
LOANS—
-— -Jnt^ e s t — ,----------Principal.----------«
When Due. Outstand’g
NAME AND PURPOSE.
P- Ot. Payable.
We subjoin reports as to municipal debts received since tht “ Deferred certificates” of 1871 6
Contingent. $12,961,530
J. & J.
........
1,031,551
Interest-bearing certs, of 1882 ...................
last publication of our State and Cit y Supplément . Non-int.-bearing
...............
744,970
certs, of 1882 ..
........
...............
276,240
Some of these reports are wholly new and others cover items Interest-bearing certs, of 1892 .,
........
........ .
299,442
Non int.-bearing certs, of 1892 ..
.........

of information additional to those given in the Su pplem ent ,
An adjustment company, with tbe Mercantile Trust & Deposit Com­
and of interest to investors.
pany of Baltimore at its bead, was formed late in 1893 for tbe purpose
South St. Paul, Minn.—Charles Fitch, Mayor. The fol­ of making another attempt at tbe settlement of tbe West Virginia cer­
lowing statement has been corrected to date by means of a tificates. (See Chronicle, Vol. 57, page 819; Vol. 58, pages 51,314
and 444.)
special report from J. F. Baker, City Recorder.
ASSESSED VALUATION.— The State’s assessed valuation and tax
South St. Paul is situated in Dakota County.
rate have been as follows in tbe years indicated below.
6s,
J&J,
$3,000.........Deo.
1,1920
LOANS.—
When Due
Tax Bate
Personal
General B ondsCity H all B onds :
6s, J&D, $10,000.......Ju n el, 1914 68, J&D, $5,000....... Deo. 2,1907
I mprovement B onds :
6s, J&D, 5,000......... Dec. 1,1920
6s, J&D, $50,000......Ju n el, 1919
E ducational B onds :
6s, J&D, $20,000...June 1,1914 6s, M&S, $11,000...Sept. 15,1922
6s, J&D,
1,000.. .Dec. 2,1907 Total debt Nov. 12,1894.$120,000
6s, M&S,
1,000...Sept; 15,1914 Tax valuation, real........ 964,167
6s, J&D,
3,000 .. .Dec. 2,1919 Tax valuation, personal. 141,304
Total valuation 1894— 1,105,471
Fire D epartment B onds :
6s, J&D, $5,000.........Jun el, 1914 Population in 1890 was........ 2,242
6s, M&S, 3,000.......Sept. 15,1917 Population in 1880 was........ 489
6s, J&D, 3,000...... June 1,1920 Population 1894-(est.)..........3,000
INTEREST is payable in New York City by tbe American Exchange
National Bank.




Years.
Beal Estate.
1893............ $306,200,638
1892............ 300,717,366
1 8 9 1 ........ 295,188,129
1890............ 272,312,274
1889............ 259,278,931
1888............ 260,609,930
1887............ 259,857,960
1886............ 257,533,440
1885............ 256,916,140
1884............ 239,826,000
1883............ 236,368,227
1882............ 232,386,357
1880............ 234,272,951

Property.
$93,838,414
95,868,081
96,610,480
90,110,467
86,384,099
83,244,863
82,377,430
83,783,180
84,884,270
88,974,040
81,789,710
77,666,765
70,391,018

Total.
per $1,000.
$400,039,052
4 ‘00
396,585,447
.......
391,798,609
.......
362,422,741
.......
345,663,030
4-00
343,854,793
4-00
342,215,390
4-00
341,316,620
4-00
341,800,410
4-00
328,800,040
4-00
318,157,937
4-00
310,053,122
4-00
304,663,969
.......

i

988

THE

CHRONICLE,

[VOL. L1X.

Georgia.—A special report to the C h r o n ic l e from Robert
A rk a n sa s.— (C h r o n ic l e , vol. 59, page 383.)—This statement
has been corrected to October 1, 1894, by means of a special U. Hardeman, State Treasurer, gives the following data con­
report to the C h r o n ic l e from R. B. Morrow, State Treasurer: cerning the finances of the State on October 1, 1894 :
-Interest.—
-Principal.
LOANS,— Interest.— , ,---------- Principal.---------- ,
LOANS —
P.Ot. Payable. When Due. Outstand'g.
NAME AND PURPOSE.
c Funding bonds of 1869 (non
J & J July, 1,1899 $238,000
i
Holfords) blue Nos........... 6
/ Overdue int’ st since July,’72.
Overdue.
314,160
c Funding bonds of 1870 (non
J & J July 1,1900
377.000
1
Holfords) red Nos.............. 6
482,520
Overdue.
f Overdue interest.....................
CFundingbonds of 1875 (“ LoughJ & J July 1,1905
)
boroughs” ) reissued since ’85. 6
506.000
Overdue.
199,170
I Overdue interest................... .
J& J
Oct., 1861
5 Real Estate Bank “ A,” 1838.. 6
530.000
Overdue.
/ Overdue int’st since July, ’42.
1,525,170
J& J
Oct., 1861
43,000
<Real Estate Bank “ C,” 1838... 6
I Overdue int’st since July, ’42.
136,020
Overdue.
J & J Jan. 1,1868
108.000
5 State Bank 6 per cents, 1838... é
I Overdue Int’st since July, ’42.
Overdue.
333,570
5
Jan. 1,1887
3,000
) Overdue interest..........................................
Overdue.
8,662
PAR VALUE OF BONDS.—The bonds are nearly all, if not all, for

$ 1, 000 .
I N T E R E S T . — Interest

0n a ll the bonds is overdue—on most of the
old bank bonds since July, 1842, on the funding bonds of 1869 and 1870
since 1872 or thereabouts. The funding bonds of 1875 (Loughboroughs)
were all retired prior to May, 1885, and those now outstanding have
been reissued since; hence the amount of overdue interest upon them is
comparatively small. Under the acts of 1887 and 1889 overdue coupons
were made exchangeable for certificates of indebtedness, which are re­
ceivable for certain dues. (See S t a t e a n d Ci t y S u p p l e m e n t .)
TOTAL DEBT, Et c .— The subjoined statement shows the total
bonded debt recognized by the State and overdue interest thereon on
the first of October 1894,1892,1890 and 1888.
1894.
1892.
1890.
1888.
T o t a l bonded d e b t.... $1,805,000 $1,931,100 $2,092,100 $2,029,100
Overdue interest........ 3,018,022 2,978,332 2,884,897 2,832,915
T o t a l debt on Oct. l.$ 4 ,823,022 $4,909,432 $4,976,997 $4,862,015
From the above statement it would appear that the State’s gross indebtedness had increased between the years 1888 and 1890 by $114,982»
whereas in fact there was a reduction of $395,415. The discrepancy is
accounted for by the fact that $255,000 bonds and the accrued interest
thereon, which prior to 1890 had been omitted from the Treasurer’ s re­
port were in that year included in the indebtedness, they having been
found to be legal obligations of the State. The State is now reducing
its debt in accordance with the acts of April 5,1887, and April 9,1889.
(See S t a t e a n d C i t y Su p p l e m e n t .)
Of the total debt about one-half is held by the United States Govern­
ment, but the State has claims against the General Government to a
large amount.
DEBT NOT RECOGNIZED, HOLFORDS, Et c .—A summary of
the unrecognized debt appears below. To aid in distinguishing the
Holfords from the valid bonds of the State it should be said that under
the act of April 6,1869, were issued two series of funding bonds. One
was dated July 1,1869, and numbered from 1 to 1,000, inclusive. All of
this series are printed in blue ink and are non-Holfords—in other words,
are recognized obligations. The second series were dated January 1,
1870, numbered from 1 to 2,050, inclusive, and are printed in red ink.
Of this series numbers 491 to 1,860, both inclusive, are the Holfords
which constitute part of the unrecognized debt. The unrecognized debt
is as follow s:
LOANS.—Interest.—> ,-----------Principal.--------- ,
NAME AND PURPOSE.
P.O. Payable. When Due. Outstand’g.
Holford funding bonds of 1870.
6 J & J Jan. 1,1900 $1,370,000
Levee bonds................................ 7
J &J
1900 1,986,773
Little Rock & Fort Smith R R ...
7 A&O
1900 1,000,000
Memphis & Little Rock R R ....... 7
A&O
1899 1,200,000
Little R’k Pine Blf. & N. O. RR.
7 A&O
1900 1,200,000
Miss. Ouachita & Red River RR.
7 A&O
1900
600,000
Arkansas Central R R ................ 7
A & O Apr. 1,1900 1,350,000
ASSESSED VALUATION.—The*State’ s assessed valuation and tax
rate at different periods have been as follow s:
Real
Personal
Total Assessed Tax rate
Tears.
Estate.
Property.
Valuation, per $1000
1893............. $100,809,742
$72,716,742
$173,526,484
5-00
1892............ 102,449,430
72,379,406
174,828,836
1890 (est.)......................................................
185,000,000
5-00
1889............ 108,407,462
64,001,035
172,408,497
5-00
1888............
96,339,249
60,615,353
156,954,602
500
1887............ 90,760,142
57,499,512
148,259,654
5-00
1886............
85,750,633
54,152,058
139,902,691
1876............
61,892,881
39,971,308
101,864,189
1000
1870.......
63,102,304
31,426,539 .
94,528,843
1 8 6 0 ........
63,254,740
116,956,590
180,211,330

NAME AND PURPOSE.
P. Ot. Payable. When Due. Outstand’g.
Funding bonds, 1876.............. . 7
J & J July 1, 1896 $542,000
Redemption bonds, 1892......... 4 1a J & J Jan. 1, 1922 207,000
Refunding bonds—Act of 1884 4*3 J & J July 1, 1915 3,392,000
Refunding bonds—Act of 1887 4*2 J & J Jan.,’98-1916 1,900,000
$100,000 payable each year.
Refunding bonds—Act of 1889 3*$ J & J Jan.,1917-’35 1,833,000
$100,000 payable yearly, 1917 to 1934, and $33,000 in 1935.
State University bonds........... 7
J & J 1933 to 1942 275,500
Falling due as follow s: $3,000 July, 1932; $62,000 April, 1933;
$96,000 April, 1934; $92,000 June, 193b; $2,000 January, 1936;
$15,000 February, 1939; $3,000 October, 1940; and $2,500 July, 1942.
PAR VALUE OF BONDS.—Bonds are in pieces of $500 and $1,000.
IN T E R EST on the university bonds is payable at the State Treasury
in Atlanta, and all others at Atlanta, Ga., and at the National Park
Bank, New York City.
TAX FREE.—All of the above-mentioned bonds are exempt from

taxation.
BONDED DEBT.—The valid bonded debt of the State of Georgia on
the 1st of October, 1894, was $8,154,500, of which $8,149,500 was
interest-bearing and $5,000 was past due and non-interest bearing;
sinking fund, $200,000; net debt, $7,954,500. The contingent liabil­
ities of the State on October 1,1893, were $464,000 of South Georgia
and Florida RR. bonds, indorsed by the State of Georgia, and $260,000
of Northwestern RR. bonds, indorsed in like manner.
STATE PRO PERTY.—The State owns the Western & Atlantic RR.
extending from Atlanta, Ga. to Chattanooga, Tenn., 138 miles, and has
leased it for 29 years from December 27.1890, to the Nashville Chatta­
nooga & St. Louis RR. Company at a rental of $420,012 per annum.
DEBT LIMITATION.—“ The bonded debt of the State shall never be
increased except to repel invasion, suppress insurrection or defend the
State in time of war.” (Constitution of 1877, Art. IV, Sec. 12, Par. 1.
ASSESSED VALUATION.—The State’s assessed valuation (which
js not over 50 per cent of actual value) and tax rate have been as
follow s:
Tntnl Tax
Per
Tears.
Real Estate.
^rop&rty.
Railroads.
lotat.
$1)000.
$429,012,923 $4-37
1894...*$285,613,778 $143,399,145
........
1893.. .. 253,754,634 156,890,119 $41,355,247 452,000,000 4-61
1892...... 258,877,830 162,271,679 42,604,025 463,753,534 4-85
1891...... ........................................... 42,383,287 444,969,755 ........
1890...... 225,054,915 152,311,869 38,462,161 415,828,945 3*50
1889...... 205,751,936 140,186,901 34,250,477 380,189,314 4-00
1888...... 195,616,435 132,246,896 29,304,127 357,167,458 3-56
1885...... 179,946,059 119,200,739 22,548,818 321,695,616 .......
1880...... 139,657,250
99,276,876 12,490,525 251,424,651 3-50
1875......
261,755,884
.................. 261,755,884 . . . .
....
1870......
226,119,519
.................. 226,119,519
* Including railroads.

Ypsilanti, Mich.—William B. Seymour, Mayor. The folowing statement concerning the finances of Ypsilanti has
been corrected by means of a special report to the C h r o n ic l e
from Carlisle P. McKinstry, City Clerk.
Ypsilanti is in Washtenaw County.
When Due. Total debt Oct. 27,1894. $148,500
Water debt (included)... 125,000
Tax valuation, real........ 2,288,300
Tax
valuation, personal. 677,300
R e f u n d in g R R . B o n d s —
5s, Sept., $19,500......... 1895-1897 Total valuation 1894__ 2,965,600
Assessment
about \ actual value.
($6,500 due yearly on Sept. 1.)
Total tax (per $1,000) about $20.
W a t e r W o r k s B o n d s — 1889—
Population
in
1894 was........ 6,141
48, J&J, $75,000....... July 1,1919
4s, M&N, 50,000........Oct. 7,1919 Population in 1890 was___..6,129
Interest is payable at Ypsilanti. Population in 1880 w a s..___4,984
LOANS—

F i r e D e p a r t m e n t B o n d s—

4s, July, $4,000....................... 1895

Hempstead, N. Y.—Martin V. W ood, Town Supervisor.
W e give below a statement of the indebtedness, valuation,
&c., of the town of Hempstead. No report from this place
has previously been published by us.
Hempstead is in Queens County and the town includes Far
Rockaway, Hempstead, Inwood, Lawrence, Rockaway Beach
and Seaford villages.
LOANS—
When Due. Net debt 1894................... $115,000

Tax valuation, real........ 7,135,819
R o a d B onds 48. J&J, $70,000.......1895 to 1901 Tax valuation, personal. 488,900
Total assessment 1893.-7,624,719
($10,000 due July 1 each year
4s, J&J, $420,000....................1923 Assessment about 15 % act. value.
State & Co. tax per $1,000.$16 40
D r a w b r id g e B o n d s—
$25,000...July, ’95 to ’99 Present population about..30,000
Saratoga Springs, N. Y.—The statistics given in the follow­ 4s, J&J,($5,000
Population in 1890 was___23,756
due yearly.)
ing statement regarding the finances of Saratoga Springs have Total debt 1894............... $515,000 Population in 1880 was---- 18,164
Stewart fund...................... 400,000 |
been taken from the report of John T. Dillon, Village Clerk.
INTEREST on the road bonds due 1895 to 1901 is payable at the
Saratoga Springs is in Saratoga County.
Freeport Bank and on those due in 1923 at the First National Bank of
LOANS—
When due. Hempstead; other interest at the office of the Town Supervisor,
LOANSWhen due.
W a t e r B on dsF l o a t in g D e b t B o n d s —
5 s ,. . . . . $5,000.......... Sept. 1,1899 68, M&S, $ 5 ,0 0 0 ......Sept. 1,1910
TOWN PROPERTY.—In addition to the Stewart fund ($400,000)
5 s ,. . . . , 5,000.......... Sept. 1,1901 5s, M&S, 35,000.............. 1911-1917 derived from the sale of common lands to the late A. T. Stewart, the
($5,000 due yearly on Sept. 1.)
Se w e r B o n d s—
5s, MAS, $10,000...........1895-1904 5s, M&S, $5,000........Sept. 1,1895 town owns Long Beaoh and some thousands of acres of meadow land.
5s, M&S, 10,000........ Sept. 1,1900
($1,000 due yearly on Sept. 1.)
Concord, Mass.—This statement has been corrected by means
5s, M&S, $18,000........1905-1907 5s, M&S, 19,000............. 1901-1904
4s, M&S, 10 ,00 0 ....Sept. 1,1897-8
($6,O0o due yearly on Sept. 1.)
of
a report from Mr. George Haywood, Town Clerk. Water
5s, M&S, $4,000..............1908-1911 4s, M&S, 40,000.............. 1895-1899
(Part due yearly on Sept. 1.)
($1,000 due yearly on Sept. 1.)
bonds to the amount of $10,000, which fall due and will be
V il l a g e H a l l B o n d s 4s, M&S, $100,000......... 1902-1917
paid on Dec. 10., 1894. are not included in the report.
(Part due yearly on Sept. 1.)
48, . . . . , $95,000..............1902-1920
3ias, M&S, $ 5 ,0 0 0 ....Sept. 1,1896
($5,000 due yearly on Aug. 1.)
This town is in Middlesex County.
TOTAL DEBT, Et c .—The total debt of the village on March 1,
LOANS—
When Due. Total debt Dec. 10,1894. $87,900
1894, was $389,500; water debt (incl. in total), $251,500.
Tax valuation, real........ 2,640,380
W a t e r W ork sASSESSED VALUATION—In 1890 the assessed valuation of real 68, J&J, $5,000........... Jan. 1,1896 Tax valuation, personal. 1,083,452
Total valuation 1894....3,723,832
4s,
A&O,
45,000.........Oct.
1,
1903
•state and personal property was $4,100,000.
11*50
............. 27,500..........
............ Tax rate (per $1,000)....
POPULATION—The population in 1890 was 11,975; in 1880 it was Water debt Dec. 10, ’ 94. $77,500 Population in 1890 was........ 4,427
Other indebtedness.........
10,400 Population in 1890 w a s..___3,922
8,421; in 1870 it was 7,516.




THE

November 24, 1894.]

Providence, E. I.—(Chronicle, vol. 58, pages 651 and 745.)
Frank F. Olney, M ayor; D. L. D. Granger, City Treasurer.
The following statement has been corrected for the Chronicle
by the City Treasurer of Providence. The new figures show
the financial condition of the city on October 1,1894, the be­
ginning of the fiscal year.
The net debt of the city on October 1, 1894, including in ­
debtedness for water-works, was $12,428,137, the water debt
amounts to $6,985,699, and the net debt, exclusive of water
bonds, is $5,492,446. On October 1, 1893, the net city debt?
exclusive of water bonds, was $4,968,202, showing the increase
during the past year of $524,244. The assessed valuation of
real estate in the same period of time has advanced from
$119,001,700 in 1893 to $126,463,800, an increase of $5,462,100.
The estimate of population is 5,000 larger than it was last
year and more than 20,000 in advance of the figures reported
in the U. S. Census for 1893.
The city is situated in Providence County, ■whichhas no debt.

LOANS—

'<— Interest.— .

NAME AND PURPOSE.

1895 $1,397,250
1899
600,000
1909
75,000
1922
500,000
1899
450,000
1900
146,000
1911
300,000
1921 1,125,000
1922
500,000
1923
500,000
1900
820,000
1900 3,180,000
1906 1,500,000
1923
817,000
1916
483,000
1924 1,200,000
PAR VALUE OF BONDS.—The coupon bonds are for $1,000 ; the
registered bonds for $1,000 and multiples of the same. All coupon
bonds are transferable into registered bonds at the option of the
holder.
5g J & J
4hî J & D
4g. J & J
4g. M & S
J & J
5
J & J
5
4g. J & J
4g. J & J
4g. M& S
4g. A & 0
6g J & J
5 g J <fc J
5g J & J
4g A & o
S^gM & s
4g M & N

N EW

INTEREST—WHERE PAYABLE.—Interest on the bonds is paya
ble as follows:
Title o f Loan

Interest, where payable.

City Hall and sewer sterling 5s---- London, Morton, Rose & Co.
do
do 4^28........1899 Boston, Nat. Revere Bk., and Prov.
Davis estate loan, due 1909........ N. Y., Nat. City Bank, and Prov.
Park loan.................................... N. Y., Nat. City Bank, and Prov.
Public impr’nt 5s, due 1899&1900 Providence, City Treasury.
School loan, due 1911.................. N. Y., Nat. City Bank, and Prov.
Sewer bonds...................... if........
do
do
_ , _
, _ .
cBoston, National Revere Bank.
Water 5s and 6s, due .1900...........1N. Y., National City Bk., and Prov.
do 5s, due 1906...................... New York, Nat. City Bank, & Prov.
do 3^s, due 1916...................
do
do
do 4s, due 1923 ....................
do
do
do
do
Highway, due 1924 ....... —

TOTAL DEBT, SINKING FUNDS, Et c .—The subjoined statement
shows the total municipal debt of Providence, the sinking fund held by
the city against the same, the water debt, and the city’s floating debt
on the first of October of each of the last three years.
Oct. 1,1894. Oct. 1,1893. Oct. 1,1892.
Bonded debt (incl. water d’t).$13,593,250 $12,393,250 $11,376,250
2,496,193
2,437,884
Floating debt......... .............. 2,369,884
$14,831,134
3,062,932

Total debt....................... $15,963,134
Sinking funds, etc................. 3,534,997

$13,872,443
2,993,469

--------Principal.--------- >
When Due. Outstand’g. Net debt............................... $12,428,137

Rate. Payable.

City Hall and sewer. 1875.. . &
1879.c&r
do
do
Davis estate loan... .1891. c&r
Park loan............... .1892. c&r
Public improvement.1879__ r
1880 r
do
do
School loan,.......... .1891.c&r
Sewer loan,............ 1891.c&r
do
................... 1892. c&r
do
gold............ 1893.c&r
Water, gold............. ...........c&r
do gold............ ...........c&r
do gold............. .1876.c&r
do gold............ .1893.c&r
do gold............ .1886. c&r
Highway, gold........ .1894. c&r

939

CHRONICLE

July 1,
June 1,
July 1,
Mar. 1,
July 1,
July 1,
July 1,
July 1,
Mar. 1,
Apr. 1,
July 1,
July 1,
July 1,
Apr. 1,
Sept. 1,
May 1,

$11,768,202 $10,878,974
$6,674,500
Water debt (included above). $6,935,691
$6,800,000
The notes representing the floating debt on October 1,1894, were is­
sued for and are chargeable to the following accounts:
$392,000
Filling cove basin.................................- - — - 7...........
670.000
Sewerage.......................................................................
80,000
Roger Williams Park improvement loan.....................
1351691
280.000
Special highway loan...............i..................................
151,693
State tax.............................................................. -........
145,500
New central police station.............................................
250,000
School houses and lots............................... -..................
20,000
Davis Park improvement loan............................... ......
190,000
State House site.............................................................
5,000
Blackstone Park improvement loan..............................
50,000
Public parks improvement loan....................................
$2,369,884
Total.
Of the total floating debt, as above stated, part will be funded and
part will be provided for by the sinking funds and sale of public lands.

N EW LO A N S.

N EW LO A N S

LO A N S

Long island City Revenue Bonds
AND

General Improvement Bonds.
Sealed proposals fo r the purchase o f any part o f
the follow ing Long Island City Bonds will be re­
ceived at my office until N ovember 27th, 1894, at 11
o ’clock A. M., when they will be publicly opened.
First—$10,000 o f 4J£ per cent Revenue Bonds, is­
sued under Chapter 5U0 o f the Laws o f 1884, and the
acts amending the same, payable April 1st, 1904.
Second— per cent General Im provem ent Bonds,
Issued under Chapter 644 o f the Laws o f 1893, as fo l­
lows, v iz : $69,0u0, payable April 1st, 1899; $84,000,
payable May 1st, 1899; $145,500, payable September
1st 1S99; $44,000, payable September 1st, 1905; $31,500,
payable September 1st, 1906; $85,500, payable Sep­
tember 1st. 1909; $22,000, payable September 1st, 1914.
The bonds are all o f the denomination o f $500 and
have half-yearly interest coupons attached. P ro­
posals will state the kind and amount o f bonds de­
sired and the price per $100 thereof, exclusive o f ac­
crued interest. No conditional proposals or propos­
als by telegraph or telephone will be entertained.
The right is reserved to reject any and all bids
not deemed in the interest o f the city.
The purchaser o f the said General Improvement
Bonds may pay fo r the same in instalments of, say,
$50,000 per month, as the money may be required to
pay for the improvements. These bonds are being
issued to pay the expenses fo r constructing sewers,
paving streets, e t c , etc., and the property benefltted
will be assessed for the same. The bonds are there­
fore, practically Assessment Bonds.
Long Island City, November 14th, 1894.
FREDERICK W . BLECKWENN,
City Treasurer and Receiver.

German-American
Investment Co.,

M U NICIPAL

FOR INVESTM ENT.

5 2 W A L L S T ., N E W Y O R K .
Ground Floor, opposite Custom House.)
P A R T IC U L A R S

High

Grade Municipal Bonds

for investment tty Savings Banks
and Trustees.

MEMBERS

C . H. W H IT E & CO .,

THE NEW YORK AND BOSTON
STOCK EXCHANGES.

of

DEALERS IN COMMERCIAL PAPER.

Blake Brothers & Co.,
38

STATE: STREET,
NASSAU

-

N E W

YO R K

A . Strassburger,
Montgomery, Ala.



BOSTON.
YO R K.

P R IC E S

AND

P A R T IC U L A R S

$ 200,000
UPON

A P P L IC A T IO N .

Street, W ykes & Co.,
44 W A L L STREET,

-

NEW Y O R K .

4% 20-year Refunding Gold Bonds
OF TH E

C ITY

OF C H IC A G O ,
T o y ie ld 3 % p e r c e n t.

(Chicago’s debt per capita is less than that o f any
large city in the world.)
D e s ir a b le In v e s tm e n t fo r T r u s t F u n d s .

Full particulars upon application.

N. W. H A R R IS & CO .,

W . N . Coler & Co.,

15 W A L L STR E E T,

-

NEW Y O R K .

$ 50,000
B A Y K IlIt S .

M U N IC IPA L BONDS.

STOCKS & BONDS B R O K E R
“ ''U T IIB R N INVESTMENT SECURITIES.

NEW

W e own and offer, subject to prior sale,

For Investment.

B A N K E R S,

72 B R O A D W A Y )

S T .,

M U N IC IP A L BONDS

6% Gold 10-40 Tear Court House Bonds.

Bexar County is one o f the largest and best in the
State o f Texas. The City o f San A ntonio is County
Seat. The County has varied agricultural interests,
and six railroad outlets diverging from San Antonio.
The Indebtedness is low, being less tnan 4 per cent
o f the assessed valuation, and the financial standing
o f the County is o f the highest order.
These bonds are issued under the stringent gen­
eral laws o f Texas, which render them legal under
certificate o f the A ttorney General o f the State.
Price and further inform ation upon application.

A P P L IC A T IO N .

sent upon application.

$ 6 5 ,0 0 0

Dated August 18,1893.
Payable in New York.
Assessed valuation............. $30,081,552
Total Bonded Debt............. 1,028,950
Population, 1880, 30,470; 1890, 49,266; 1894, 57,000.

UPON

Descriptive circular

5

BEXAR CO U N TY, TEXA S,

BONDS

34 NASSAU STREET.

City of Houston, Tex., 6% Gold Bonds,
M a tu rin g M a y 1 s t, 1 9 3 4 .
P r in c i p a l a n d s e m i -a n n u a l I n t e r e s t p a y ­
a b l e i n N e w Y o r k i n (x o ld .

Price and particulars and Municipal Bond List
furnished on application.

W. J. H A Y E S & SO N S,
C le v e l a n d .

4 0 - 4 3 W a l l S t ., N . Y .

B o sto n .

940

THE

CHRONICLE.

[VOL, LIX.

SINKING FUNDS.^-By city ordinance all sinMng fund income is
W yoming.—A special report to the C h r o n ic l e from State
required to be invested in the city’ s bonds or notes, in State of Rhode
Treasurer Otto Gramm shows that there has been no change
Island bonds, or in United States bonds. The city’s bonds to be can­
in the amount or nature of the outstanding obligations of
celed to prevent re-issue.
The loans, for the redemption of which sinking funds are held by the Wyoming since the publication of our last S t a t e a n d C it y
eommissioners, and the amounts of the sinMng funds September 30, S u p p l e m e n t . The new figures of assessed valuation for this
1894, are shown by the following table:
year are given below in connection with previous returns.
City hall and sewer loan, due in 1895....................................... $1,159,65330
City hall and sewer loan, due in 1899.......................................
443,69417 Although the assessment shows a falling off in valuation
292,32956 during the past 12 months of about 3 million dollars, it will
Public improvement loan, due in 1899.....................................
Public improvement loan, due in 1900.....................................
87,80620
698,200 41 be noticed that in twenty years the figures have been more
Water loan, due in 1900..................................................... ..
Water loan, d u ein l9 0 6 .........................................................
211,432 71
Water loan, due in 1916..... ....................................................
84,654 32 than trebled.
Water loan, due in 1923...................................................... ..
51,677 28
TO T A L DEBT, E t c .— The total debt on October 1, 1894, was
Davis estate loan due in 1909..................... ........................
10,753 84
School loan duein 1911..........................................................
47,450 37 $320,000, all bonded. At the close of 1893 the grand total indebted­
Sewer loan due in 1921..........................................................
100,268 98 ness of the State and all its counties and cities was $1,928,400, of
Sewer loan, due 1922.............................................................
66,965 58
Sewer loan, due in 1923.........................................................
39,609 73 wMch $1,681,400 was bonded and $246,715 floating.
Park loan, due 1922............. .......... ........ ............ ...............
66,875 80
ASSESSED VALUATION.—The following statement shows the
Highway loan, due 1924........................................................
134,106 GO total assessed valuation of property in Wyoming for the years indi­
Total sinking funds September 30, 1 8 9 4 ..................... $3,495,478 51 cated.
Years.
Valuation.
Years.
Valuation
W ATER W ORKS .—The water works construction account to Oct1894....... .
$29,198,041 1888........
.$33,338,541
1, 1894, amounted to $6,422,380 39.
In year 1893-94 income from 1 8 9 3 ......
. 32,356,802 1885........
. 30,717,249
water rents was $430,154 27; cost of maintenance $99,997 01; inter­ 1892____
32,257,500 1880........
, 11,857,344
1891........
32,536,400 1875........
. 9,493,638
est on water loans $332,785.
1890........
30,665,498
1870........
6,924,357
ASSESSED VALUATION.—The valuation and tax rate have been as 1889........
31,431,495
follows, real estate being assessed at “ about two-thirds cash value
-Assessed YaluationTax per
Amount
Frankfort, Ind.—The figures of indebtedness, etc., given in
Years.
Real
Personal
Total
$1,000.
o f Tax.
1894.$126 ,463,800 $40,800,400 $167,264,200 $16'00 $2,676,227 20 the following statement have been corrected to date by means
1893. 119 ,001,700 40,810,860 159,812,560
16-00 2,557,000 96
1892. 114 656,860 40,885,660
155,542,520 15-00 2,333,137 80 of a special report to the C h r o n ic l e from F . E . McKown,
1891. 109; 428.720 37,473,120 146,901,840 15-00 2,203,527 60 City Treasurer.
1890. 104, 684,440 35,932,620 140,617,060 15-00 2,109,255 90
This city is in Clinton County.
1889. IO2;850.100 37,627,240 140,477,340 15-00 2,107,16010
1888. IOO: 924.720 35,837,840 136,762,560 15-00 2,051,438 40
LOANS—
When Due. I Tax valuation, real___$2,011,120
1887. 99; 779,580 34,267,680 134,047,260 14-50 1,943,685 27
H igh School B onds—
I Tax valuation, person’l. 1,497,455
1880. 88, 012.100 27,908,900 115,921,000 13-50 1,564,933 50
4hjs,
A&O,
$45,000---Oct.
1,1909 I Total valuation 1894... 3,912,710
1870. 52, 511.800 40,565,100
93,076,900 13-50 1,256,538 15
Sewerage B onds—
City tax (per $1,000)...
$8-40
1860. 37, 089.800 21,042,000
58,131,800
5-60
325,538 80
2-10
4 i2S, A&O, $22,000— Oct. 1,1909 |Average school tax.......
The tax rate in 1894 of $16-00 included State tax of $1-90 and city Total debt Nov. 1, 1894...$67,000 |Population in 1890 was....... 5,913
tax proper $14-10.
Sinking fund...................... 4,500 I Population in 1880 was....... 2,800
POPULATION—The population for 1894 is reported at 153,000. Net debt Nov. 1,1894........ 62,500 |Population 1894 (estimated).8,000
In 1890 it was 132,043 ; in 1880 it was 104,856 ; in 1870 it was 68,904.
INTEREST is payable at the First National Bank, New York City.

N EW LO A N S.

C H IC A G O .

C IT Y BONDS.

Title Guarantee & Trust
Company

W E BUY A N D SELL.

OF
99. 94 A

Farson, Leach & Co.,
No. 2 W ALL ST.,

-

N E W YORK.

Rudolph Kleybolte & Co.,
In vestm en t B a n k e r s ,
3 0 W e s t T h ir d S tre e t,

C in c i n n a t i , O h i o ,

Choice Investment Bonds of Cities,
Counties and School Districts.
LISTS M A IL E D UPON AP PLICATIO N.

8 E C U R E B A N K V A U LT S .

C H IC A G O .

CHICAGO,

9 6 W A S H I N G T O N 'S T R E E T .

C a p i t a l , p a i d -u p .................................. 8 1 . 6 0 0 , 0 0 0
U n d iv id e d e a r n i n g s , in c lu d in g
s u r p l u s ...................................... ..............
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D e p o s it e d w i t h S t a t e A u d i t o r . ..
9 0 0 ,0 0 0
G U A R A N T E E S T IT LE S TO R E A L E S T A T E .
M A K E S AB STRAC TS OF T IT L E .
O ffe r s I n v e s t o r s i n r e a l e s t a t e s e c u r itie s
p r o te c tio n a ffo r d e d b y n o o t h e r s y s t e m of
d o in g b u s in e s s .
Is authorized by law to act as Registrar o f Stocks
and Ronds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
CORRESPON D EN CE

S O L IC IT E D .

OFFICERS:
G W Y N N G A R N E TT , President.
A . H . SELLERS, Vice-President.
A R C H IB A L D A . S T E W A R T , Secretary.
CH AS. R. L A R R A B B B , Treasurer.
F R A N K H . SELLERS, Trust Officer.
D IR ECTOR S:
Gwynn Garnett.
Chav. W . Drew,
W . D. Kerfoot,
John P . Wilson,
Horace G. Chase,
Bdson Keith,
John G. Shortall,
Geo. M . Bogue.
John DeKoven,
A . H . Sellers.
Samuel B . Chase,
COUNSEL:
W . C. Goudy,
John P. Wilson,
A . W . Green
A . M . Pence,

GENUINE

A . G. Becker & C o.,

WELDED CHROME STEEL AND IROi

(INCORPORATED)

n Round and Flat Bars and 5-ply Plates and Angiai
FOR SAFES, V A U L T S , Ac.
Cannot be Sawed. Cut, or Drilled, and positively
Burglar-Proof.

CH ROM E STEEL W O R K S ,
Bole Man’f ’era In t h e U .8 .

B R O O K I, Y N . N. Y

SUCCESSORS TO

HERMAN

SCHAFFNER

& CO.

C O M M ER C IA L P A P E R ,
154 La Salle Street,

• Chicago, 111.

Loeb

&

Gatzert,

MORTGAGE BANKERS,
195 L A S A L L E S T R E E T , CHICAGO.
First Mortgages for sale In large and small amounts
netting investors 5, 6)4 and 0 per cent, secured by
mproved and income-bearing Chicago city property.
P r in c i p a l a n d I n t e r e s t p a y a b l e i n G o l d .

CORRESPONDENCE SOLICITED.
A. O. SLAUGHTER, Member N. Y. Stock Exchange
WM. Y. BAKER, Member Chicago Stock Exchange

A. O. Slaughter & Co.,
BANKERS,
1 1 5 -1 1 7 L A S A L L E S T R E E T ,

C H IC A G O , IL L S .
C h ic a g o S e c u r i t ie s B o u g h t a n d S o ld .

Jamieson & C o.,
S T O C K S —B O N D S ,
Members New York and Chicago Stock Exchanges
IS T

DEARBORN

STREET,

C h ic a g o , I l l s .
Private wire to New York and Philadelphia.

BONDS

YIELDING AN INCOME OF
4% TO 6%

CITY, MASON, LEW IS & CO., Bankers
COUNTY
171 LASALLE STREET,
SCHOOL SEND FOR LISTS.
CHICAGO.

The Globe Filing System
is the most perfect
ever devised for the

System atic Filing of Papers
Illustrated catalogue-free.
T H E G L O B E C O ., Cincinnati.

42 Beaver St., N. Y.

Given & Sicard,

6% and 7% Gold Mortwao-es.

S E A R S & W H IT E ,

M e c h a n ic a l a n d C iv il E n g in e e r s .

Interest Allowed from Date of Receipt of Money

General Engineering. Drawings. Patents. Specifica,
tlons. Engine Tests. Plans and Reports,
Supervision of Construction.

E. S. D R E Y E R & CO .,

EUGENE R. COLE,

9 2 9 C H E S T N U T S T .. P H I L A D E L P H I A .

THE WALL STREET JOURNAL

gives valuable Information daily on stocks and bonds
$5_a year. DOW JONES & CO. 44 Broad Street.




M o rtg a g e B a n k e r s ,

-

C H IC A G O , IL L

Successors to

s t a t io n e r s

a n d

p r i n t e r s

.

Supply Banks, Bankers, Stock Brokers and Cor­
porations with complete outfits of Account Books
and Stationery.
SO y e a r s B u sin e ss W it h o u t L oss to I n v e st o r s .
W New concerns organizing will have thel
orders promptly executed.
Address all communications to Eastern Office,'
First Mortgage Loans on Improved Productive
Real Estate Centrally Located.

A s t o r B u i ld i n g , 9 P i n e S t r e e t , N e w Y o r k

N o. 1 W IL L IA M S T R E E T .