The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
0itiiiimjal(i
xmuit
HUNT'S MERCHAlTTS' MAGAZINE.
RfiPKBaBVTING THE I.VDU3TRIAL
AND OOMMKROIAL INTKRESTS OP THK UNITBD STATM,
KnrBr»4 aooortinn to Aot of OongrMg. In the y««r 1892. br Wii. B. Dawa
VO L.
'
A Oo.. In th» ofllce of the UbrwlMi of OongiM.,
SATURDAY. NOVEMBER
55.
%ht
ern
(]!l^hr0ititlje.
NO.
26, 1892.
gectiopg.
Oar
table
now
* Mhliifftoil, D.
includeg
P.Omu.\
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wiiiitv
DASA.)CWILliIAin B.
wii-UAM n
B. n4VA
io» William Street,
*0H» o. PLOYD.
Post Office Box 938.
(
;
DANA
5ii<a.)
NKW YOKK
biuhelt.)
M>1<.)
Boston
ProTldenoe.
Usrtford
New Ilaren
Sprln^de.d
WorcMtsr
Portland....
Lowell
Sew Bedford
Kail River*
00
43 00
53 00
)..
)..
tknrc)
(.Cotton
<Ora<n
(Petroleum
New Bnfrland
Total
Philadelphia
Pittsburg.
Baltimora.
ButTalo
WasblDffton
Rochester.
Sjraonse.
WllmlnKton,
Blnxbamton.
Total Middle
Chloago
Clnolnnati
Milwaukee....
Detroit...
Cleveland
Colambas
Indlanapolli
Peoria
CLEAEING HOUSE RETURNS.
Orand Rapids
The foUowinK table, made up by teleKriiph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, November 26, have
been
§1,3.39,918,100 last
$1,129,269,928, again-it
11,061,558,702 the corresponding week last year.
We*k Endlnu Novtmber
Cl.XAKtlfGa
Rtturra by TelefrapK
...
OMoaKO
BL Lonls
73,32t),000
18,221,990
10,946,075
dew Orleans
Seven cities, 6 days.
Other cities, 6 days
Total
I
all cities,
r719 351,2ii4
(908,346,446
220,828,«82
«84S767,547
tI,129,2B9,928
6 days..
Total
The
all cities
for
week
.
full details of clearings for the
Tacoma
20.
$768,252,163
140,064,293
All Mtles, 1 day
P«rO«n«.
44-3
+126
+18
1
+8-2
+8-5
+14
Spokane*
Uelena*
Total Paoino
Kansas City
Minneapolis....
Paal..
St.
8
Omaha
+74-8
UeDver
+6
[talnth
St.
Joseph
siiiuzCitr
212,791,155
+7-0
+8-8
Topeka
tl.06l,5a8,70i
+6-4
!29,4]6,283
week covered by the
We cannot,
of
course, furnish theiu to-day, bank clearing being made up by
the various clearing houses at noon on SaCtiriay, 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.
Below are our usiual detailed figures for the previous week,
covering the returns for the period ending with Saturday
noon Nov. 19 and the comparative totals in 1891. The total
for the week is one hundred and seventy-sevan millions of
dollars greater than that for tho precediiig week. Speculative
transactions on the New York .Stock Exchange have been
heavier than for the week ending Nov, 12, and the same is
true of transact! >ns in cotton. C impired with the corresponding period of 1891 there is a gain of 9'5 per cent in the
whole country and 92 per cent outside of New York. In percentage of in'-rease Saginaw leads this week with 40'3 per
cent, and is followed by Omaha, 89'9 per cent; Richmond,
38-6
Washington, 36-3
Sioux Falls, 306,
Detroit, 83 2
and Houston, 29-1 per cent.
There are also a number
of ^important losses, but mainly in the PaciSc and South:
Los ADjreles
Qreat Falls
Sioux Palls
8
+8-5
above statement wiU be given next Saturday.
;
Total Middle Western.
San Francisco
Portland
•506,170,217
64.797,504
45,886,831
10,268,481
67,584,000
16,871,S45
8,772,333
»S27,888,97*
72.993,079
64,2tl,S0i
10,e03,B31
Spriosneld, O,
Salt Lake CItr
Seattle
1891.
1802.
Hew York
Boston
PhllsdelphU
Baltimore
week and
i.ezlnKton
Saxtnaw
Oes Moines
Wichita
Linooln
ToUl Other West«m_
St.
Loais
New Orleans
Loaisvlll*
OiClvaston
Memphis.
gavannata
Uouatoa.
Iticbmond
NasbTlll*.
Atlanta
Norfolk
....
Dallas
Fort Worth
Waco.
Birmlnaliam
CbattaDoocs
Charleetoo*...
JaoksonvUla*
Total
Sontham
Total
all
Oauida Mew Tork
tlontraal
Toronto
Uailfax .
Uamllton
;
Total fkinada.
> Not loeladad
In totals.
1.431.
SpritiRfleld.
Wttk UnMitt irovembtrl»
a
Ohio-
»r««» aix't jfOT. 11
Utn.
\P.
.
THE CHRONICLE.
874
THE
ST^TE fknn CITY
ntfA^wtm.
See pages 907, 908, 909, 910 and 911
for our State
PVOL LV.
1
days to four months, and 5| percent for longer periods.
For commercial paper the demand is increasing, very
many of the city banks now being in the market, and
from out
the inquiry
of town continues good
the suonot equal to that usually seen at this
All advertisements with relation to State and City Bonds season of the year, but it is very fair ; quotations are
wQl likewise be found on the same and following pages.
4f to 5 per cent for sixty to ninety-day endorsed bills
and
ply of paper
City Department.
receivable
;
is
5 to 5i per cent for four months" CDmmi;names and 5^ to 6 per cent for good single
TSU FINANCIAL SITUATION.
names having from four to six months to run. The
The Monetary Conference called by the United States bank return of last week shbwed that four of the larger
;
sion house
for the purpose, as stated in the call, of
" increasing banks
the use of silver," has been opened this week at BrusBsls by our representatives.
No one can fail to feel
great interest
in
the
success of
the work before the
held
^3,090,600, while
the
whole had $4,560,925 surplus reserve.
The Paris Bourse has been more or
the debates in the
Chamber
institutions as a
less
disturbed by
week with
convention if that work aimed to establish universal bi- reference to the investigation into the Panama canal
metalism, and had any chance of success.
Seeking frauds. A ministerial crisis was feared, but averted.
anything short of that will of course be worse than In London discounts of sixty to ninety day bank bilb
useless.
Very naturally, our conferrees in the conven- are reported by cable at 2f per cent, and the rate is
tion have, in substance and as a basis for the discussion, said to be kept up mainly through manipulation of
asked the representatives of the United States to elab- the market by the Bank of England. The open marof Deputies this
—
orate its call that is, to explain what is the purpose ket rate at Paris is 2^ per cent, at Berlin it is
our Government has in view and the plan it proposes. 2\ per cent, and at Frankfort 2|
ptr cent.
No reply to the question has, as we write, reached According to our special cable the Bank of England
New York from Brussels, though one is reported to gained £260,728 bullion during the week, holding at;
have been secretly submitted to the Conference. A the close £24,925,230; this gain, as we are also advised
resolution hosvever is made public, which is stated to by our correspondent, was due to the receipt of
have been proposed by the American delegates like £435,000 from the interior of Great Britain, to an imthe call, it only asks fer an " increasing use of silver in port of £56,000, (of which £31,000 was from Australiit,
the currency systems of the nations." To illustrate what £15,000 from Brazil, and £10,000 miscellaneous), and to
strictly speaking is meant by "increasing the use of an export of £230,000, of which £80,000 was to Russia,
silver" and how that policy operates, an object lesson £40,000 to Germany, £40,000 to Rouinania, anJ £70,in the ordinary routine of business affairs has the cur- 000 miscellaneous.
rent week appeared here.
This country has made two
Foreign exchange has been strong and advancing
attempts of the kind mentioned, and any results of our this week, influenced by a scarcity of commercial bills,
experiment must prove timely material for the conven- by a demand for mercantile remittances, and by an intion at this juncture. As we all know our ventures quiry to cover loan and commercial drafts and to remit
have, both of them, proved not only absolute failures for stocks sold for European account. A fall in exso far as the attainment of the object sought is con- change at Paris on London on Wednesday made Concerned, but also a fruitful source of evil bringing great tinental bills stronger and carried them really rearer
harm to our commerce andjjindustrial interests gener- to the gold-exporting point than sterling. The supply
ally.
The object lesson referred to a? having appeared of bills was so small that round amounts for remittance
this week is found in the trade statement made public could
not be supplied, and on Wednesday afteron Monday, in the further advance in foreign ex- noon $600,000
gold
was
engaged
for
export
change, in the withdrawal of gold for export and in a to
Paris
on Saturday, the
engagement being
general loss of tone and spirit in the Wall Street mar- made then because Thursday was a holiday.
Comkets.
It seems that our favorable merchandise balance pared with Fi iday of last week the market opened on
in October this year was only $8,396,000, against Monday unchanged at 4 85^ for sixty day and 4 88 for
$36,041,000 last year, and the diflEerence between the sight, and there was no alteration in the rates until
years in the November results promises to be just about Wednesday, when Brown Bros, moved up to 4 86 for
as unsatisfactory.
long and 4 88^ for short, and subsequently all
Money continues to accumulate at this centre, and as bankers posted the same rates. The market closed
;
demand is not urgent rates are lower. On call, as strong yesterday at these figures. Rates for actual
represented by bankers' balances, money has loaned at business were 4 85i to 4 85^ for long, 4 87f to 4 88 for
6 and at 3 per cent, averaging 4^ per cent ; renewals short, 4 88 to 4 8di for cable transfers, 4 84^ to 4 84|
were at 4^ to 5 per cent, and banks and trust compa- for prime and 4 84^ to 4 84^ for documentary commerthe
nies quote 5 per cert as the
minimum.
Time money
cial bills.
and some of the city banks
and other institutions are now in the market foreign
bankers are seeking to employ their balances, and there
is a good supply from the interior, but mainly from New
York and Pennsylvania Eastern institutions and capitalists are now carrying cotton for mills which gives
shipment
offerings have been large,
;
;
occupation for about
mand
for
money
all
their spare funds
;
the de-
is light, except on the so-called indusand on those the inquiry is good, but the
rates demanded are better than the quoted figures. On
^ood mixed Stoc^ Exchange collateral the quotations
jare 4^ per cent for thirty days ; 5 per cent for sixty
trial stocks,
The Sub-Treasury
is
now giving
gold for
Europe in the proportion of 45 per cent
double eagles, 15 per cent eagles and 40 per cent half
eagles, and the g')ld frjm California is mixed in with
the other gold.
We append the trade statement issued
by the Bureau of Statistics this week and referred to
to
above.
FoEEiQS Trade Movement of tus
In tbe foUowiiu: tables three cipbora
— 1S9.;.—
.UerchiiH-
Bxonrts.
Imports.
(OOO;
E ccesi.
Exceit,
-h!iti,«0»
IS.I.SJi
'2lS:iOd
3J«,7J1
lfU.6)0
-1-23,703
+,•^.393
lOi.877
6H.6M
+^0,333"
710,470
OSJ.W;
3«S,000
0.517
air. 055
-3,503
1SB.J5S
8r,49i
^i 1.041
-35.<83
Total....
73^,805
73«.4a7
79,038
llilfiitS.
!i03.915
July-Sept..
October..,.
>2 1
-1S91. £zi>orta.
23l«l
Jaii.-Mar.
iLpril-Jua*
!i 14,873
U.vit d Si.vtes.
are lii tUl cases umiited.
4- .5 1,9.33
-lO.liJS
-H3B.011
+1U,188-
;
,
NorrMnrr.
:THE (JHKONICLE.
1803.]
2fl,
-1892.—
-1801.-
B rporfj.
liol.l.
Bxtru.
t
e
4*n.-MKr..
13.013
.0,103
Aprll-Juii*
lllf-S«pt..
Ootobor....
IIS,^)J
ttU.ill
Tot«l....
Ui.ftU
+O?033
+H0.031
5I.SJ8
+7.31H
7:8
+5n.9,-w
7.J90
911
1088
-in.tyg
7S,1S0
30.0^0
+i8.370
».ll!<
13.033
+ iU,i»l
t
OO.MI
+ 1S.CSI
i.t(
and aa
Kutm.
«
BJ7a
+ i.on
3.303
4.8)1
+J.iiri
iQlr-'op'...
8.!>3)
+ 3.IS8
r.9IS
3.118
Cclubar....
4.«6«
+B.1IM
"iio.VW
13.Plt
ToUI....
t-
BcccH
a 7, 307
these
.
-
s.sti
;
18.1*1
l-a,33l
Thn
return of the Pennsylvania Railroad for September on the whole does not differ much from the returns
lor previous months.
In some respects the results are
better, in others not quite so good.
On the lines east
of Pittsburg and Erie there is a loss in gross earnings
as compared with the same month last year of $117,277.
No doubt the road derived some extra passenger businaes from the Columbus celebrations in New York, but
for the nine mmths the
$1,133,658 in 1893 against $1,123,069
against $180,506 for 1891
total of the net is
— Kzc«M of Importa.
of cxportt.
incroase of
$1,119 in not. la oonnootkn
trunk
lino
flguroi
wo tu
Aa
that tho statement of tho Lvko Shore &
ir»
Southern for tho quarter ending Soptombor 80 hM j'ott
boon filed at Albany, showing %^n^, \ 1 i decreaw in
with
and $149,377 decroaw in not. Tho Columbm II
Valley & Toledo return for September hai aUo boon
issued this week
net earnings aro $174,381 for Igua
BIlTrr.
JllL-Mnr..
Apfil-Juna
875
in 1891.
;
The Green Hay Winona 4
St. Prtul for
Octo-
ber has net of $14,480 ag.iin3t $10,4J9, and for the
poiiod from August 1 to October 31 net of $35,OGO
against $17,910.
The long-expected
decree of sale of tho South CaroRailway was issued this week by the United States
Circuit Court at Charleston.
An order of the Court
in this case was filed as long ago as June 9, and shortly
after the appearance of that order it was announced
lina
en the other hand the holidays attending these same
that counsel for the various bondholdersjhad agreed on
we may suppose the volume o^
November 17 as the day of sale. Bat for one reason
the freight business. Then also the month contained
another the matter was postponed from time to
and
five Sundays this year, against only four last year, thus
time.
Under the decree now issued tho sale is to be
reducing the
number of working days by one
made at Charleston on April 11 next. It seems to be
Moreover,
celebrations restricted
comparison
total
for
is
year,
last
month having been the
with a strikingly
the
earnings
largest
in
the
heavy
for
that
company's
With that exception, the present earnings
history.
unexcelled.
Unfortunately the
doubtful however whether the sale will take place even
then, if the reports in the daily papers are correct,
for
are
loss of
it is stated that counsel
for the first mortgage
bondholders have asked and obtained leave to appeal,
$117,277 in gross
which of course will work further delay. While the
been attended by
a decided augmentation in expenses, and hence the npj South Carolina is not a large road, it is one of the
oldest in the country, and its position is such that it is
earnings record a falling off of as much as $405,647.
of great importance to the port of Charleston and the
On the Western lines, however, the character of tho
State of South Carolina.
The road has been operated
exhibit is entirely different.
In the first place, there is
by ex-Governor Chamberlain as receiver since October,
a gain of $.303,881 in gross receipts, a gain no doubt
1889, and under his manigement the outlook for the
arising from the grain traffic, as it is known that the
property has assumed a more encouraging aspect,
grain movement in the territory of those lines was very
though latterly the road has been losing heavily in
leavy, and in the second place this increase in receipts
earnings in common with moat other Southern roads.
bas bfen accompanied by an augmentation of only
The foreclosure raises some interesting questions of
83,090 in expenses, thus leaving an improvement
general importance.
As we understand it, the decree
en the net of $220,791.
Tho favorable results
of the Court orders a sale of all the property covered
«n these Western lines are the more noteworthy
by the different mortgages, and the payment of each of
eince there was a heavy gain on them last year too, in
the various liens in the order of their priority.
But the
both gross and net. If we take the Eastern and Westfirst mortgage bondholders do not want their bonds paid
ern lines together there is an increase the present year
off.
They say that such a course is desired simply in
of $186,004 in gross earnings and a decrease of $184 ,
the interest of the holders of the junior securities, who
866 in net earnings. For the ten months to October
wish to replace the present bonds by others bearing a
31 the Eastern lines show $954,353 increase in gross,
lower rate of interest.
The interest now is 6 per cent,
but $1,358,109 decrease in net; the Western lines record
and the bonds have till 1920 to run before maturity
2,874,494 increase in gross and $18,534 increase in net.
very naturally, therefore, the holders would like to
In other words, on the entire system with about 3J milretain their present security, especially as they think
lion dollars increase in gross, there is a decrease of 1^
that the property
can easily be made to earn
tnillion dollars in net.
The following presents the rethe interest on the existing issue.
But they are
sults for the Eastern lines for a series of years.
confronted by a peculiar
situation ; the trustees
of the mortgage, on default occurring, exercised
18»1.
1860.
1888.
1887.
PlTTSDrKO.
the power given them in the mortgage and declared
receipts has, as in previous months,
<3ro9s earnlniffi
e.20i).S81
(1,408.160
Op«rat'K expenses.
<.<:i.769
S,«33,3i9
t
I
8.162.001 6,857.772
»,6M,0S«j S.717,607
Z,0(M>,1U
ZMi.ltl
2,637,810
t
Net eamtiii^..
Jan.
2,110,166
I
t
the principal past due.
3,370,013
3,266,631
action taken was ill-advised and against their interests.
1.776.246
l,722,(«d
Judge Simonton
I to tht. 31.
Orosa eanUnjis
56,830.638 6.5,035.285 .15.237,073 «0.62fl,!l81 48.502,141 4«.OI8.10a
Cperat'ff expenses 40,^01.033 37.070.471 37.748,113 33,507,787 32.331.860l80,196,6&3
KM earnlnin...
The bondholders
e.iM.iss 4,089.621
;l7
le.&»7.705:l:.9^6.4li 17,488.060 17.018.8ti4 16.171.-.'8lUB316,l»l»
in his order last
aver that the
June (Judge Bond
concnrring) declared that the Court was competent to
review the action of the triwtees, but at the same time
two small prior liens demanded payment, he would order all the different mortgages dae.
turn this wsek. It shows a small decrease on the lines The first mortgage bondholders announce their willingcast of the Oliioand a smiU increase on the lines west ness to take up and pay off the prior bonds.
The qaeeof the Ohio, with a reduction in expenses in both casei, tion is, can they by such action continue their lien uathus giving again in net for the month of $Gl,95i. distnrbed ? The outcome will be awaited with interest,
For the four m mths of the campany's fiical year from and in the meantime the property will be operated we
July 1 there is an increase of $191,269 in gross suppose by the receiver as heretofore.
The B
iltimoro
&
O'lio has also issued its October re-
as the holders of
—
.
THE CHRONICLE.
876
The
following statement,
made up from returns
lected by us, shows the week's receipts and shipmente
of currency and gold by the
fVuk ,Bndin< November
26, 1892.
New York
banks.
InUrioMovement,
BMrfred 611 Shipped 6k
N.T. Banla. N. F. Banks.
!fet
600,000
$2,203.000! Qain.f 2,5 1 3,000
1,602,0001 Loss. 1,002,000
Total gold and legal tenders
$5,316,000
$3,805,000 IGaln.tl.Sll.OOO
With the Sub-Treasury
operations, the
»4,7 6.000
'.
Bold.
result
is
as
Yeart Ending
March
November
26, 1802.
Into
Out Of
Batike.
Bankl.
BAoks* Interior moTement, as above $5,316,000
Total gold and legal tenders
—
12,200,000
ITetOharKm'.
Bank Holding'
$3,805,000 Gain.$l,511.OC0
12,500,000 Loss.
300.000
$17,516,000 $1 6,305,000 aaln.$l,211,0C0
November
Smnkof
ngland
November 26,
24, 1892.
Bold.
SUver.
TotaU
Bold.
saver.
S
S
£
a
S
24.925.230
24,925,230
67,342.846 51,074,984 118,417,829
32,752,500 10,017.500 43,670,000
France
Oerman;
Anit.-Hun'y.
10,784,000 16,870,010
6,088,000
3,169,00*
27,654,000
10.157,000
1,577,667
4,733,000
MetherlsndB..
Mat. B'lgiuni
3,155,333
Vot.tmsweek
ot. preT. w'k
Total.
a
23 801.465
63,336,000 50,187,000 103,523,000
32,826,000 10,042,000 43,768,000
6,478,000 16,722,000
3,569,000 6,308.001
22,200.000
1,882,333
4,147,000
2,764,667
9,867,000
142,128,908 87,428,161 229,567,069'l21,785,132 85,511,33B 207,306.465
141,579,511 87,303,817 228,883,331 I22,339,5e4 85,965,083 209.304,647
NOTB, —WereoelTetlieforegoiiigresiilts weekly byoable, and wlille not
of tlie date given at the head of the ooliimn, they are theretarne
all
lasned neareat to that date— that ig, the latest reported flgores.
"C
«42,034,652
51.713.222
19,402,467
20,069,758
40,084,013
30,868,192
*47,735,314
£3,474,688
ll,3i4,228
9,572,901
£274,095,837
£251,907,618
£22,148,219
t3,462,361
t4,295,6l8
8,984,987
t3,430,564
A glance at the foregoing reveals the proportions of the
problem'
sumer
— that
is it
how
reveals
steady and large a con-
been and what a suspension of
her demand would mean. For the last five years— which
of silver India has
be accepted as illustrating the existing situation
/PROPOSED GOLD CURRENCY IN INDIAHOW IT CONCERNS THE UNITED STATES.
SECOND ARTICLE.
another phase of this project to establish
a gold currency in India which needs consideration. We
five
pound sterling) over 4'1: million dollars of
annually.
As the world's production is now
dollars to the
silver
about 143 million ounces, the coining value of which is
185 million dollars, India has taken out of the market
each year nearly 35 per cent of the total new supply.
With conditions like these there can be little doubt
if the bullion market is to lose India's demand
whenever that country achieves a gold basis for its
that,
currency,
some
portion
least of the
at
anticipated
further decline in the price of silver would be a simul-
taneous occurrence; and
disturb
There
Balance.
£45,509,318
63,057,450
28,975,368
16,607,397
35,788,395
39,853,159
44,304,750
India has imported an average of £8,860,950 or (at
1891.
23,801,465
Coinage.
Coinage in 1891-92 estimated at £8,000,000.
Coinage in excess of imports.
may
Bullion holdings of European banks.
Uncoined
Importt.
31.
Total 35 years
t
WMk SnMng
TC—rrVE-TBAB FEBIOD9,
Net Silver
1858-62
1863-67
1868-72
1873-77
1878-82
1883-87
1888-92
*
follows.
NBT 81LVEB IMPOKTS, COINAGE,
INDIA'S
col.
rvoL. Lv.
if it
the confidence in
and working
in the rupee
classes,
—that
imminent danger
is
and
its
did occur, and
disclose to
them the
lack of value
of very serious
that country but outside of
if it
should
silver of India's produoerg
7r6™kn633
— there would be
trouble, not
only in
We
can easily believa
that India under such circumstances would reject the
refer to the suspension of free silver coinage, which would rupee and demand gold, and that this would be folbe a needful step; indeed no controversy can arise as to lowed by industrial disorder and probably a panic^
the urgency of such suspension.
Without revoking while the outside world, greatly to its confusion, would
the right private parties now enjoy to get bullion turned be called upon to pay its debt to India in gold.
into rupees, the gold standard could not last through
These are ominous suggestions, indicating, if authorits first month.
The difference in value between the ized, a decidedly deplorable prospect.
But if that
rupee convertible into gold and the silver in the London forecast be in conformity with Great Britain's view
market out of which rupees could be made would net
that is if the suspension of private coinage must
BO large a premium that every one who could command perforce be followed by a ruinous fall in silver,^
the facilities would go into the business of conversion at because of a loss of India's demand why, one canonce, thus quickly absorbing any gold reserve that might not help asking, has not the same calamity prebe collected. It is accordingly obvious that the sus- sented itself to the London mind as a result of expension of the coinage privilege which is at present ex- isting conditions ? According to a like sequence, what
tended to private parties would be necessary.
may we assume has for a long time stood between India
is
it.
—
—
But in carrying out this part of the proposal we are and ruin, between Europe and complete industrial conconfronted at the outset with suggestions of "a further fusion, but the United States ? We by no means grant
heavy decline in silver" and "& panic in India." These that India's coinage would stop or necessarily be lesare the words used by Mr. Samuel Montagu in his late sened on the withdrawal of the privilege of private
article in "The Fortnightly Eeview," in stating the diffi- coinage; indeed we shall presently show that such a
culties which stand in the way of "closing the mints
conclusion is not justified.
But it is a fact beyond diaagainst the free coinage of silver for the public."
Nor is pute that if this country had not supported silver by
Mr. Montagu by any means alone in expressing this its foolish compulsory purchases, the silver market
opinion.
Indeed, he has expressed himself in very would have been deprived of a larger demand than the
temperate language compared with many writers who present withdrawal of India's requirements wouldBee nothing but disaster to India, and consequent harm amount to; and furthermore, if the United States should
proposed step be taken.
We stop the purchases of bullion which are now in progress,
from thinking that this opinion, so widely about 38 per cent, instead of India's 35 per cent, would
entertained, is without a show of reason.
The figures on the instant drop out of the demand. And yet the
we gave last week of India's net silver imports, and Government of Great Britain asserts that it is in no
to Great Britain, if the
are far
the assumption that those imports will cease with the
suspension of the private-coinage privilege, form the
basis of the belief.
It will however be as well per-
degree concerned for India or for
haps to insert here India's silver movement in more
complete form than we presented it last week, for in
commercial nations to rehabilitate the metal.
We only mention this feature because it indicates with what certitude an important fraction of
the people in England, including the Government,
way the nature and source of the evils predicted
on the suspension of private coinage are made clearer.
that
by reason of
silver depreciation present or future, and has no idea
of lending its aid in favor of any general movement by
itself
November
THE CHRONICI.E.
26, 1809.]
the rupoo, rfciconiiig the posi-
trast to the stability of
tion of silver to bo so well estiiblishod in India that
cannot without a
sovctre strain
be dethroned.
it
iiUo
and
still
finds
no
little
the claim
India
now
ia
This be- and the coin
support in the mind of every
observer from the oircumstance that the price of
bullion in London has already declined 35 per cent,
lief
Of ooarie a
that the rupoo has sufTprcd no
877
ipeoial
induoement
for
taking tiWer to
the difTorenoe in ralne b«tween bullion
bnt after all it ia the demand for tb»
rupee and the debt which the foreign exporter of
prodaota from India owea that control the moremftnt.
;
The requirements
of India in 1858-62, already referred
ought to furnish some indication of what the redepreciation among the laboring
classes.
Besides quirements will continue to be in any good bnainewyear.
that, what action conld evidence greater confldenoe At that time there was no depreciation in ailrer bullion
in the unchangeable standing of silver, or be more t) accelerate the transfer, and yet, aa we hareaeen, the
risky if silver was not almost an idol in India, than for flow was even larger than now.
We think of one, and
the mints to go on year after year, while the rupee is only one, modification in the system in vogue then that
discredited at the ontports, and flood the country with will be needful under the new currency arrangement, and
this over- valued and, at the great trading centres, dis- that will be a change in the method of coinage. Bullion
credited coin ?
would continue to arrive to pay for products, aa it did
Yet notwithstanding this confidence and apparent in 1858 and does now, bnt the Oovernraent, inatead of
reason for it, no one will affirm that there is not strong private parties, would convert it.
inducements in the less exposure to disaster of India's
It may be that objection will be taken to using 1858
industrial interests for making the proposed change. and the subsequent years of that period aa repreaentOf conrse if there were no danger of a future deprecia- ing the requirements for silver.
We admit that
tion of the rupee this suggestion would have no force. the method is inconclusive.
The balance of trade,
But in the nature of things there must be danger even whatever it may prove to be, must always form the
in that country, though it be at a minimum there; and basis of the imports of the two metals, while the love
it is obvious that it must be materially greater in and uses of the India working classes for the rupee
the present situation with these different local values furnish, wi'.h other considerations noted, the force
of the rupee prevailing while the mints are in full which tends to direct silver towards that country. Were
is
action as described above, than in the situation as
will be
if
suspend
the plan to
carried out.
Remember
private
coinage
that the reform suggested
it
be
is
a
to,
we,
however, to
make a more
the subject we should
is
detailed analysis
of
obtain inconclusive results. It
a matter that does not admit of mathematical exactstill
ness.
And yet (omitting any extra or unnatural inffojC
rupee in India, but will which the silver speculation of 1890 and 1891 may
not alter in the least the value of the rupee measured have caused), do not all the known facts incline one
in wages and products which rules to-day in the inter- to estimate the silver imports of India under the new
ior.
The proposal is simply to restore the conditions conditions larger rather than less than the natural imwhich held sway say for the five years beginning with ports of the metal during the last five years ? At;
March 30 1857, a perfectly normal period immediately present the depreciation of silver is presumed to benefit
preceding our war and before that war had begun to the exporter of India's prcduce. With a gold standard
exercise an influence on India's consumption of silver. for the rupee the profit would enure to the benefit of
part of a transaction which
convertible value
to
is
to give a stable
and higher
the
Furthermore, as the India producer must be
the above table that India imported India.
during those five years £45,509,318, or paid in rupees, and must be paid somewhere near
about 45^ million dollars a year; in other words, over a the old price (say for his wheat by way of
million dollars annually more than it imported in the five illustration) to move the produce, why must not
years of 1888-9:?. The proposition then is to re-establish the value of the article desired rise in Liverpool to
the conditions which existed at that period.
The con- approximate to the new value of the rupee. If this be
ditions are still the same at the interior and it only a correct view, and if the total quantities of merchanremains to make them the same again at the large dise exported and imported remained unchanged,
trading centres. When that has been done, will not the obviously the balance of trade in favor of India would
danger of a recognition by the laboring classes of the be larger and the specie requirements larger.
Of
which cannot conrse, in opposition to this conclusion, it will be
lost value of the rupee at the outports
argued that with higher prices in silver, exports will
fail to be a constant menace to the country while local
But we cannot on this occasion develop the
values are so antagonistic cease to exist ? And if fall off.
that be so, and if too there be a restoration of stability thought further.
Moreover, in addition to the ordinary inflnencea affectto the rupee throughout the country, what can hinder
a continuation of the old demard, the old absorption ing this metal's movements, there would be in the new
of the metal, which by the way has never from 1858 to situation a special inducement which would incline the
India officials to favor large coinage and encourage silver
1892 been interrupted ?
Without doubt some will ask what is to be done imports for some years at least after a gold standard had
about coinage for India will need to have the silver been secured. We refer to the natural and judicious
rupee or it can never find a use for suoh quiintities of desire to make the change aa little observable that
the metal as it has heretofore.
The obvious answer ia, as slightly disturbing, as possible. Saeei n the success
appears to be that no one can have a mind to restrict of their undertaking would in some measure depend on
end could be atcoinage, and we see no reason why it should not be a minimum of friction, and that
carried on in about the same volume as heretofore. tained only in making the new currency movements
It will be seen in
of that metal
—
—
—
Many writers appear to infer that the consumption of
India depends upon the continuance of the right of
—
conform as nearly as may be
and the price
and unchanged as the
to the past,
of silver bullion as nearly stable
mintage by private parties, and that if that right bo conditions would permit. To state in brief the mode
curtailed the consumption of silver would likewise be of procedure that would be aiopted, one hazanls nothThere ing in ^suming that every conceivable weak point
curtailed, if not almost wholly discontinued.
seems to be no reasonable ground for such a belief. would be studietl and guarded, and every condition
—
:
THE CHRONICLE.
878
facilitating the attainment of the end sought would be
cultivated just as closely by India if it undertook to put
I
Vol. LV,
Army Encampment at Washington ia September the
Baltimore & Ohio derived a good deal of extra passen-
on a gold basis as was done by the United ger traffic in the last month of the year. The gain in
States when ic resumed gold payments. Remembering passenger income for the twelve months is $037,893
^l the time what a source of strength that is in and in freight income $309,503, besides which there
ainimizing the difficulties of the undertaking and in was a gaia of $30,893 ia mail earaings, a gain of
leading to a continuance of the old demand for this $34,181 in express revenues and a gain of $191,243 in
Tliis analy«netal— the standing of the rupee among the producing the earnings from miscellaaeous sources.
chiefly
showing
that
the gain is
is
interesting
as
sis
in
«Qd working classes must prove, we feel no hesitancy
its currency
—
expressing the opinion that the change, if it be effected,
-will be accomplished with far less disturbance in India,
-in. Europe, and in the London silver market, than any
one in the United States at least has hitherto believed
.an gold currency could be achieved.
We expect to be able to complete in one other article
*he
expression of the idea
we had in mind
among
the different branches of the
not confined to merely one department of the service. Moreover, the increase has come
from about all parts of the system. Oat of the twelve
divisions into which the mileage is divided there ia
only one which fails to record larger totals for 1393
distributed
road's business,
at the outset.
THE BALTIMORE & OHIO REPORT.
& 'Ohio
and
all
is
than for 1891.
But what lends chief sigaifieanco to the late yeai'a
improvement in gross receipts is that it follows heavy
successive increases for several years past.
The
report
and 1891. But the facta
are so interesting and reveal such a striking record of
growth that we have taken the trouble to prepare from
In this the present and past reports the following statement,
«3f the property within the last few years.
Igeriod the system has been enlarged, strengthened and carrying the comparison back to 1833.
Net Eaniinr/s.
Crfoss Earnings.
aolidiQed, its business extended ia a most striking
$9.705323
$19,739,837
18S2-S3
ismanner, and its finances put in satisfactory shape. The
7,760,301
19,438, G03
1883-84
report reveals very satisfacThe Baltimore
t»ry results, and furnishes further evidence of the
^great change which has been effected ia the condition
gives the figures only for 1833
much wider interest now than
having been enlarged and a market
laecared for it both at home and abroad, through the
^Listing of the shares in London as well as ia New York,
1884-83
1885-S6
1896-87
1887-88
1S88-S9
1389-90
1890-91
1891-92
-«3ompany's
affairs possess
:3formerly, the stock
630 tliat dealings are no longer confined
exclusively to
^he IJaltimorc Stock Exchange.
The feature which first attracts
attention and in
-which perhaps more interest is felt than in any other
jaincc it shows how the property is being developed,
itfaereby promoting its ability to meet iaterest and divifidend charges -is the steady and large growth which
lias been established in earnings and income.
The
•company's fiscal year has been changed so as to ead
•Jane 30 instead of September 30, and hence the
aiccounts this time cover only nine months. But many
—
5,643,057
10,610,612
18,422,438
20,639,033
20,333,491
21,303,002
24,412,096
21,530,395
26,034,163
Thus
6,38i5,695
6,538,905
6,152,930
6,t92,158
7,445,228
7,152,162
7,433,366
in the last seven years there has been only one
break in the upward movement of gross receipts, and
from IGf million dollars in 1884-85 the total has risen
Of course in
over 26 million dollars in 1891-92.
1881-85 things were at a low ebb, that being the last
year of the trunk-line war, and therefore in the foreto
going we have carried the comparison two years further
And yet even as contrasted with the $19,436,back.
G08 total for 1884 or the $19,739,837 total for 18?3
*>£ the results of operations are also given in the old (the largest ever reached up to that time), the. advance
way (th;it is for the full twelve months to Sejitember to over 26 million dollars in 1893 marks a very decided
with the years pre- expansion in business, the more so as the revenues now
statement of gross and net earnings for are based on such low rates. We may say, too, that the
•each division of the system is furnished in that fonn. figures given do not indicate the full measure of the
S'rom that statement it appears that for the year ending growth in income which has occurred in the interval,
'30), so as to permit comparisons
•«jediug.
A
September 30 1892, gross earnings on all diviaons
<»mbined increased over IJ milli)u dollars as compared
•with the year eading September 30 1891.
Of course
"^he road derived importaat advantages from the very
lieavy grain crops of 1891, but there were also soaie
ofiftettiiig disadvantages.
President Charles F. Mayer
^joints out that the revenues of the last six
months
were
materially affected by the very low freight rates
j)revailing during that period, a condition of things
for in the earlier years,
when the Baltimore & Ohio
still
did its own express business, the revenues from that
business counted in full ia the gross earnings, whereas
under the present arrangement only a part or percentage
The tonnage
cf such revenues appears ia the total.
moved reflects the expansion in a still more emphatic
way, for in that case there has been no break whatever
in the increase during the last seven years, and aa
against 8,422,936 tons of freight
moved
in 1884-85
the
•which he says existed notwithstanding each of the amount in 1892 was nearly double, or 15,657,596 tons
<runk lines was at the same time overburdened with
When we come to examine the net earnings (as given
traffic.
l)urg
&
He
also states that the revenues of the Pitts-
Connellsville
'divisions were
in the table above),
and the Pittsburg & Wheeling quite
we
find that their course
different from that of the gross
has been
earnings.
For
instance, in the late year with an increase of over 1^
ilomestead steel mills.
million dollars in the gross, the net actually fell off a
These circumstances make the large increase in gross trifle. As compared with 1885 (that, year.of phenomereceipts in the late year the more noteworthj'.
On nally poor results) there has been an increase from
amalv-'is it is found that the increase extended to all $5,643,057 to $7,438,366 ; but if we compare with 1884
awarces of receipts to passenger revecues as well as we see that 26 millions gross earnings now have not
materially affected by the stake at the
—
Ireight revenues,
the former
indeed recording a yielded as much net as 19^ millions gross in that year,
gaia for the ytar than the freight and the net is actually li millions less than in 1883 ou
earnings, though of course in the holding of the Grand gross of 19| millions. Such a situation calls for a few
•omewhat
larger
NovEsniKU
26, 1893.]
THE CHRONICLE
879
words of I'xplutmtiou. Of course (Icclining ratea Daturally million
dollars in the same during th« yMr.
A
have a tendency to ralao the ratio of expenses to oaru- change
in the results of oporationt of some of the divisonB^
ings, and it ia also a fact that the Baltimore & Ohio
included in these accouuta haa occurred aodor thegroirtlb
now is operating a larger mileage.
When we and extension of business and income. The
Philadelpbitt.
speak of a larger mileage, we do not moan that the
division, which but a short time back was such a hoavy
company includes in its accounts the operations of saoh burden on
the system, in the late year earned over two
roads as the Pittsburg & Western, the Baltimore &
million dollars gross and $048,230 net, the latter larg»
Ohio Southwestern, the Staten Island, or the Valley of enough
to cover all charges on that division and leaver.
Ohio. These, to be sure, have all been acquired in its
clear profit of $00,776. The Schuylkill River East Sid*interest, but as a matter of fact they are all operated
road also returned a profit of $00,951; and thoChieagck'
separately and make separate reports.
Some other division returned a profit of
$55,701, against a ]on in
mileage, however, has been built or acquired in recent
the year preceding of $116,637.
Daring the last St*
years, and now forms part of the system, as for instance
years the gross earnings of the Chicago division hav*^
the mileage comprised in the Philadelphia Division,
risen from two million dollars to three million dollan^
the Akron Division and the Columbus & Cincinnati
or 50 per cent, and the net earnings from $81,122 t».
Midland. In brief, we may say the total now reported
$624,146.
on is just about two thousand miles (1,999-4 miles),
As regards the company's finances, the commoi»
against say 1,700 miles in 1884, and this increase in the
stock, as is known, was increased from 15 million doUam.
extent of road operated of course adds to the total of
to 25 million dollars during the year, 5 millions of th»
expenses, entirely apart from any other circumstance.
additional stock being sold to a syndicate and the r»>But while these factors must be taken into account in maindcr
being used for the 20 per cent stock divideiA
seeking to explain the great augmentation in expenses
paid and for the purchase of the Pittsburg & Wester*,
which has occurred, another element enters into the
stock.
The balance sheet is to June 30, and shows az*^
calculation
one evidently to which a more important increase
of $548,000 in the amount of consolidotaA
place must be assigned than either of those already
bonds outstanding, but this is more nominal than real*.
mentioned. We refer to the policy which the presit representing bonds issued for sinking fund purposes..
ent management have pursued of insluding in the
The bills payable and special loans amounted June 30
ordinary expense accounts heavy outlays for improve1892 to $3,361,529, while aggregate current liabilitiec»
ments and betterments, in addition to the amounts of all kinds,
including the bills payable as well as accharged to capital account. We cannot tell the precrued interest, &c., were $9,853,901. At the same dat^
cise extent of these outlays, bat the item has been
the company held $3,421,551 of actual cash and baA
a considerable one, and with it excluded the show$5,509,810 due it on ordinary traffic accounts. It alscking as to net earnings would obviously be a had
bonds and stocks of other corporations (includinic
great deal better than we now find it.
President Western Union Telegraph stock) standing
on its boolcA
Mayer pa»ses the matter over very lightly in the report, at acoat of $13,776,098.
contenting himsolf by saying "the management has
*' deemed it wise to include in operating expenses in
gmX
—
" the
past year, as in the three previous years, a large
" expenditure made in betterments." That the effort
has been at the same time to secure the most economical results possible in the condu3t and operation of the
road appears from remarks in the report of the General
Manager. After stating that the aim of all railroads
should be to reduce the train mileage and increase the
car mileage, which is equivalent to saying that the aim
THE BALTIMORE & OHIO SOUTHWESTERNL
&
In connection with -the report of the Baltimore
Ohio, which we have undertaken to analyze in the preceding article, the report of the Baltimore & Ohio Southwestern, also issued this week, possesses interest.
the Southwestern, though not a large road,
F<nr
embracing
main track, forms practian extension of the Baltimore & Ohio system t»>
should be to add to the train-load, he points out that Cincinnati, and is an indispensable link in the thronglkwhereas the increase in freight car mileage for the nine r jute over that system to St. Louis. Moreover, the Baltimonths ending June 30 1892 as compared with the nine more & Ohio controls the property through the ownermonths ending June 30 1891 was 11*25 per cent, on the ship of all the common stock of the company.
other hand the increase in freight train mileage reached
The Baltimore & Ohio Southwestern is the oldP
only 7-18 per cent; in a word, there was a saving in the Marietta & Cincinnati which was reorganized as thtt
freight train mileage of 381,706 miles.
Cincinnati Washington & Baltimore and then suffered
It was noted above that net earnings from the operapresent
nanM>reorganization again, taking the
tion of the road had been slightly less in 1892 than in Through this last reorganization the property has been
1891.
But the income from investments and other put on a greatly improved footing. Some of the strong
sources was a great deal larger, reaching as much as points in the reorganization were that it provided la.
•1,86C,000 against $1,259,877. The company also had fund of over a million dollars for making necessary imsomewhat heavier charges to meet. Siill, after allow- provements and additions, that it gave the Baltimore dk
ing for these, as well as for the dividends on 1st and 2d Ohio definite control of the property (and harmonioua
preferred stocks, a balance of $3,159,719 remained for relations with that road are absolutely essential to sucthe twelve months of 1892 against only $1,792,174 in cessful results), and that it reduced fixed charges to la
1891.
Out of the $2,159,719, $674,058 was taken for low figare, so that net earnings might be amply sufficar trust payments, etc., but evea then a surplus of cient to meet them.
How well this latter point was
$1,485,061 remained on the operations of the twelve looked after will appear when wo say that the bonds of
months. la a word, after making very liberal outlays the company bearing obligatory interest now amount t^
for repairs, renewals and betterments, and contributing only $11,000,000, that annual interest charges on theB»
$074,058 to retire bonded indebtedness, etc., the ac- are only $503,325, and that aggregate fixed charges of"
counts show just about
per cent earned on the total all kinds in the late year (including the^e intereab
of common stock as it st mds after the increase of ten charges as well as taxes) were no more than $504,404^
altogether only 281 miles of
cally
—
.
.
THE CHRONICLE.
88J
LTol. lv.
whereas the net income of the company for the twelve the seconds. The company also recently piid2iper
mouths was over a million dollars, or almost double the cent on the firsts out of the income of the six mouths
amount of these requirements.
ending June 30 1892, and hereafter the distribution
The new company has been in possession less than will be on the basis of the earnings for the fiscal year.
three years^ but during that time a great increase in
and in gross and net earnings his been established.
Of course in the late year traffic was added to
by the large grain harvests of 1891, but the increase has
been cumulative through the whole of the existence of
the new company. Thus from 1,463,954 tons in 1889
(year ending June 30) the freight traffic increased
traffic
to 1,736,267 tons ia
1890, to 1,730,357 tons in
1891
Eoad-bed, tracks and equipment are reported in baiter
before.
Current liabilities June
30 1892 were 1077,743, and current assets $724,425,
not including $109,908 of materials on hand. In the
condition than ever
current
shown
fiscal
losses,
ber 14 there
year gross earnings in recent weeks have
but for the period from July 1 to Novem-
is
a gain over the corresponding period of
1891 of $8,594.
aud now to 2,103,618 tons in 1892. That it may not
Stock Exchange Cleabing-House Transactions.— The
be thought that the large gain iu the late year came
subjoined statement includes the transactions of the Stock
entirely from through freight because of the large Exchange Clearing-House from Nov. 14 down to and includcrops, we will state that though the through freight did ing Friday, Nov. 25; also the aggregates for May (from 17th to
31st), June, July, Augast, September and October.
increase 210,836 tons there was at the same time a
gain of 162,425
tons in the local freight.
The
STOCK EXCHANOE CLEABINQ HOOSE TKAN8A0HOS8.
pro.
portion of through freight for 1892 was larger than for
1891, and yet only 610,057 tons altogether oat of 2,103,-
618 tons were through freight, the revenue from the
out of total freight earniogs of
Ia the passenger business the through
$1,776,468.
latter being 1747,132
traffic cuts a still smaller figure,
only
45,206 through
passengers having been carried in 1892 against 1,509,-
535
local passengers,
and the earnings from the through
business being only $145,646, out of total passenger
earnings of $596,307.
It will also be interesting to note that the road has a
—
Shares, hoth sides.
Cleared.
Total Value.
irmit/t—
August...
Sept
October
.
Balances, one
.
.
13.(W)8.480
18,8u7,K00
20,726,300
877,683,000
1,2(8,0 10.000
1,368.733,000
Nov. 14. .1,352,400 107,800,000
'•
15. 1,143,600 75,700,000
" 16.
819,200 57,700,000
" 17.
803,900 53,000,000
" 18.
891,400 61,400,000
.
.
Tot wk. 5,010,500 356,200,000
Nov. 2 1..
" 22
.
"
"
23..
"
25..
928,100 62,600.000
611,700 45,600,000
734,300 50,700,000
24
888,500
63,500,000
Tot. Bk.. 3,192,600 2-i2,400,000
SheetsCash.Otear'd-
st de.
Shares. Value Shares
$
$
1,6-7.400
2.081.800
2,326,800
,
$
107,886.900 1,301,600
128,863,600 1,697,506
148,622,000 1,761,400
141,700 11,100,000
107,800 7,400,000
73,100 6,010,000
83,8ao 5,700,000
91,100 5,900,000
92,100
91,400
62,300
49.500
66,500
8,183
6,252
5,862
323
317
290
296
293
497.800 36,175,000 361.800 1,519
99,700
70,400
83,700
Holiday
100,200
80,300
303
278
288
6.700.000
5,400,000
6,000,000
8i,000
7,000,000
66,700
313
354,000 25,100,000 277,200
1,182
47,20ij
business.
In 1893 the grain traffic
GROWTH OF BANKING IN ILLINOIS.
(owing to the good crops) jumped from 131,951 to
On
the 6th of December 1888 "an act concerning corpora363,696 tons, but even then formed only 17"29 per
tions with banking powers" went into effect in Illinois under
cent of the entire traffic. The largest single item of
tbe provisions of which the duty of the supervision of State
traffic is bituminous coal, of which 429,944 tons were
banks was imposed upon the Auditor of the State. Prior to
moved in 1892, being 20-44 per cent of the whole. Of this act there was no State supervision of banks, and but
merchandise, the road carried 183,081 tons (8*70 per little was known as to the number of, and aaiount of business
cent), and of stone and sand 121,374 tons, or 5 "77 per transacted by, such institutions. But an investigation was at
cent.
The rest of the freight traffic is made up of a once begun which disclosed the fact that there were twentysix banks in existence December 6 1888 operatiog under
great yariety of small items, none reaching 100,000
special charters, eleven of which were located in Chicago. At
tons.
The business of the road is moved at low rates, the date of the first call for reports under the new order of
the average per ton per mile for 1892 being only 77 things — February 15 1889— the combiaed capital of thesj
twenty-six banks was ascertained to be §5,831,000, and of this
hundredths of a cent.
greatly diversified
Turning to the earnings, we find that gross increased
from $2,051,720 in 1889 to $3,396,016 in 1890, to
$2,326,670 in 1891 and to $2,648,743 in 1891,while net
in the three years (after deducting taxes)
from $489,633
has risen
was represented by the eleven Chicago banks,
appears that the oldest institution reporting in 1889 was
the Cass County Bank, located at Beardstown, organized in
1851, but it ceased to do business within a few days after the
dite of the first report. Another organization was the Merchants' Loan & Trust Company of Chicago, which began
business in 1857, being next in point of age to the Cass County
Bank. The dates of organizitioa of the other banks included
total 14,769,000
It
amount having been
nearly doubled, it will be seen.
President Bacon (who
has been the controlling spirit in the new order of
in the first call were one each in 1861, 1865 and 1867, three
things) states that the improvement is largely due to
in 1869, seven in 1870, two in 1872, oneeach in 1873, 1883 and
the judicious expenditures of the moneys received
1883, two in 1884, one in 1885, two in 1S86 and one in 1887from the reorganization. Out of the net income for Growth, however, has been very rapid, both in Chicago and
to $938,548,
the
the late year, there was paid for betterments $45,540,
and after deducting this and the amount required for
fixed charges, there was left a surplus of $392,257 for
the junior securities.
elsewhere, since the institutions were brouglit uader State
supervision, for at the date of the second report (Aug. 12 18S9)
the
number
of banks
had increased
to thirty-five
;
in
January
same year tlie number reached forty-eight. On the first of June 1891 there were
These junior securities consist altogether of $5,500,- sixty-eight banks, or a gain of twe.ity iu ten ani one-half
000 first incomes, $6,400,000 second incomes and $7,- months. Each subseqaent report furnishes epidence of the
700,000 third incomes, besides $2,500,000 of preferred value of the act whicli placed these State institutions under
stock and $2,500,000 of common stock, the latter, as responsible supervisioa and thus not only stimulited the
organization of banks but famished banking facili'ies to loalready stated, held by the Baltimore & Ohio.
Of
In May of the carcalities where they were much needed.
course each of these only has a claim on earnings in its
rent year the report covered ninety-eight banks, with a capiproper order. Eoughly, the $392,257 surplus for 1892 tal of $16,687,500, an increase of thirty banks since Jme of
would suffice to pay 5 per cent on the first incomes and the preceding year and an addition to capital ia the same
a little less than 2 per cent on the second incomes. The periol of 13,605,030, and on July 28 there were 108 banks
1890 there were forty, and in July of the
down to the latest
the calendar capitalized at $17,397,500. Tliis brings us
report, which, through the courtesy of Mr. C. W. Pavey,
year and not the fiscal year ; out of the 1890 income
Auditor of the State, has reached us this week. From it we
4 per cent was paid on the first incomes and out of the find that the total number of State banks, savings banks and
1891 income 5 per cent on the firsts and 1 per cent on trust companies in the State at the commencement of business
basis of distribution heretofore has been
:
NovutfiEH
36,
,
.
THE CHRONICLR
1803.]
Woilnosday, Oct(ibfr26, was
110,
with a
cni.ital of
|17,Bia,"
681
Although there bjw
bf-en
nolncmuw
niimbrrof bniik*
In th«
Thf htatemeiit as received gives no M>[iaru(e toUlH for nor In the rapital of trio^i Chicago tMnk* i.ln<e July m, ti
Chicago, liut as it is of importance (o vhow Uie rolurna for ho* iH'en n material expaniilon In the volume of 1om«, •
that city by theniBclvcn, we have prepared the foUowingi further addilii'n to nurpluii and undivided profl|« and apwliich proHcnt« in detail the flf^iirei f<r each hank on Oitobe' preciable gains in aavlnga depoalU and individual d*poftU.
26, iind add tlie aggn gate ftr July 28, go tbatcomparixun may
There is one item in thete italanwnta which, though not h«»ry
Ih> made.
in amount, la of mueii Importance as ihowing the caah
5(K1.
.
holdings of the various bank* at the date* of the report*
"cash on hand."
i ,.
wa
;
however, would b«
greatly increased if the varioua kindi of currency were aepa>
rately stated. "Cash on hand" Is a very IndeHnlte term
it
may include gold, silver and paper, as well as exchanges for
Clearing IIouhc, but what those interested In flnancial matters
are espfcially desirous of knowing is the amount of each of
the vsrious descriptions of currency held. Some of the .S'ate
banking departments (5Iichigan is ibe latest) recognizing that
fact have altered their form of report accordingly.
For the purpose of showing the progress of the Stale banks
in Chicago since 1889 the following table, covering a few cf
the more impoitant items, has been compiled. It will be observed that in a little over three and one-half years the number of banks has more than doubled, and that the ratio of inert ase in capital has been even greater.
Rspecial interest,
however, is felt in the volume of deposits and loans, and here
the gro-ath has been enormouf. Starting with $3,977,309
savings depo^ its in 1889, the total has now reached nearly
nineteen and a-ha'f millions; other deprsits during the same
inteival have risen from sixteen millions to forty-Ave millions
and loar g have increased from $17,800,983 to over flfty-nine
refer to
It«
value,
;
SSf
'1'*
«• *-
M » -^ M I- t•ibi-®ai: ©OS
Vi9
10
S8 S5
(0 »•
oj
Sw
I
''f
M
ifk.
1^ q:
ifk,
t^
«>.
,
M
M ^ »o oc «. IC
yiM
C;i
M OW
to
o
^ S t5 1^^^ >.
A. to Vt Ut -^ Oi
iF^
and one-quarter
millions.
Feb.
Chicago.
Nurahfr of b-n' 8
Similiis
and nndiv.
7,64<).414
proflts..
Savlncs (lepoHlts
Other (lepo-lt«
Loaxsaiid discounts
Caeb on hand
Oel.
1
1891.
21
» 10,47 7,000
$4,769,000
Capital
No
June
1,",
1889.
11
23
»l3.577.0OO
6.460.603
19,332.605
9.413.140
13.470,422
34,263,339
?,»77.299
16,047.131
17.800,932
8,847,072
W,
1892.
44,t<78,329
4,%,429.»27
.'9.36.^.F22
6,673,688
7,313,397
than the development of banking in
Chicago has been ihe growth in the remainder of the State.
To give with the same attention to deUiil a statement fiT the
State as for the city is impossible on accoui t of lack of space,
but we have compiled the subjoined table which gives the
results for October 26, July 38 and May 7. 1893.
less gratifying
Oct. s«,
ises.
Illinois otbir than Chicaoo.
Namber
Betawnn—
S7
ss
Louis and discnunU, Inctudlns overdrafu. tK.UtS 149
StodEa. bonds. Ac
M1.-U78
s.isi.ins
t>aern>m banks and banliers.
897,:8«
Bank's bonse. fumit.and flxtnres
other real estate
l.<ft7.201
Cash on band
Current expenses and taxaa paid
74
»l6.fW).ro<»
S44.40S
S7;m6
1,US.1I0
Other resources.
Total
UabUMa—
i.ig55
108371
ii».sa4
J11,1T7
»7,»»1
tM.0M,S3S
tM,7«a.940
tJ0.»:«.0T&
U.«3s.sno
M.880.M0
»4nio.fOo
7.SSS.X88
8,«s8.«ae
S.179.8M
248401
MIUUS
ttt,70».MO
ttO,S7S.076
Capital stork paid In
Surplus and undivided proflta
Dividends unpaid
Individual deposlta
1,M0.SM
et,ASS
7.S18.0S1
other deposits
Due to banks and banker!....Notes and bills payable
4.70O
344 .»7«
130,781
»»4.0O4,83«
«X4.001,83«
Total
NOTK.-" Other deposits " Include $4.;08.fl'^a savlnga depoalts. t>.lSS.3»5 decertlScates of deposit. t<l7.l4S cartlBed checks and 12,806 cashiers' checks ontstandlng.
mand eertiaoatea of deposit. (2.1)07.786 Ume
The foregoing
in itself presents evidence of decided prog-
From May 7 to July 38—a little over two-and-a-half
months—eleven new banks began business, and between July
and October there was a further addition of two tianks. Bat
it is when we compare the latest return with those for earlier
re«".
yeais that rapid development
is
shown, as
will be seen in the
following:
RA.
15,
F Cbicaoo. flSSO.
16
$1,062,000
Cispital
693,844
Snrplne and iindt\ided proflta.
291,896
SavInKB deposits
4,413.736
OtherdetM>M«s
4,592,196
•kxr^tunU
Loans and
359,046
CaahashHBd
Illinois ocTsina
Nnmber of banks
(
/una
I,
1881.
OcL 26,
1803.
47
87
$2,60.V500
1,076.865
2,477,290
7,683,228
10,148,221
779,398
$4,935,500
1.440..iM»«
.-,-:
i.j>,.-.:ol
The above Bgures speak for themselves. Since February
15, 1889, the number of banks has increased from 15 to 87:
capital is almoet Ave times as great, and in all the other important items the gains have been proportionately heavy.
Heretofore in this article we have dealt entirely with those
institutions which are under State supervi^ion. Therefore, to
bring out the full measure of the increase of banking faclities
in Illinois, it is necessary to direct aiten<lon as well to the
With that object in view we have prepared
statements combining the prircifaJ items for both national
national banks.
:
:
THE CHBONICLR
882
«
State banks at latest dates.
The
results for
Chicago are
follows
Chicago,
TSRomber of banks
1889.
1891.
1892.
2Va(., Feb. 26.
Nat May 4.
State, June 1,
Kat., Sept. 30.
Slate, Oct. 26.
state, Feb.lb.
,
30
41
$20,019,000
$27,977,000
aSnrplus anl undiv. profits. 10,061.671
16,058,217
JDeposlte
65,940,51)8
117,420,285
JSJvans and discounts
79,555,625
130,723,644
This Statement shows that the combined capital
46
^>apltal
$35,477,000
19.962,395
142,089,445
163,365,259
of national
[Vol. LV.
other cities.
On the other hand, there is undoubted
recovery in Argentina. The premium on gold has fallen to
202 per cent, and as the export season is now rapidly approaching—indeed the export of wool is beginning— the expectation
,'
is
that
it
would injure producers, but on the other hand
down
it
will decline rapidly.
steadily
it
If
should
very suddenly
if it goes
will indicate a revival of prcperity and will
it
fall
strengthen the market here. Both government securities and
railway and other industrial stocks are steadily rising.
The Board of Trade returns for October are again disap
pointing. There is a falling off in the value of the exports of
sand State banks in Chicago was in 1893 135,477,000, against
^7,977,000 in 1891 and $20,019,000 in February, 1889, and
i^baX during the three and a-half years which have elapsed
British and Irish produce and manufactures compared with
••Seposits have risen from $65,940,568 to $142,089,445 and loans
the corresponding month of last year of about 11 J^ per cent, or,
ywmd discounts from $79,555,625 to §103,365,259.
A like statement for the State outside of Chicago makes the as there was one working day less in October this year than in
October of the year before, about 8 per cent. Compared with
'4ft>ll owing comparison
IIXINOIS OUTSIDE OF
Chicago.
aSfomber of banks
•«C3ftpital
:i!Vtarplus
and undlv.
1889.
Nat. Feb. 26.
Nat.
state Feb. 15.
Stale
180
1891.
1892.
Nat. Sept. 30.
May 4,
June
227
1.
275
$16,013,500
$18,674,700
$21,981,500
7,676,381
9,290,117
10,432.114
44.881,954
59,164,559
72,001,687
44,953,515
57,385,098
73,354,724
addition of ninety-tive banks in the in-
profits.
jKMposits
%oans laud discounts
Here we find an
State Oct. 26.
,
from February, 1889, to Octobfr, 1892, and a considtraa,He augmentation in all the items which go to show a rapid
aierv,al
::8aiDtictanj=®ommerctal %nqlisU ^uxob
From our own oorrespondent.
On Monday
the lock-out of the cotton spinners in Lin-
and the neighboring counties began. The total number of operatives thrown out of work is over 50,000, the numcashire
•«slevelopment of banking business.
[
October of 1890 the falling off is as much as 18>^ per cent.
There is also a decline in the imports, and especially in the
imports of raw material, all pointing to the prospect of a further decline. Unfortunately, too, the home trade is bad.
Until quite lately it had kept up wonderfully, but in every
direction now there are complaints of slackness of business
and smallness of profit?.
]
ber of spindles stopped being about 14,000,000 out of a total
of over 45,000,000. As yet the dispute is confined to the
Cotton Spinners' Federation and the people employed by
them but the Federation is using aU its influence to induce
other employers to take part with them. While the Federa;
London, Saturday, November
As
12, 1892.
the Russian withdrawals of gold have ceased for the
Bank of England is not actiog vigorously in
"•nooient, and th"
^rote;ting its rpsorv?, rates in ihe open m:irket hare given
"wray during the week. Oq Monday the 12 inonthb' Treasury
fcills were plactd at a trifle over 2W per cent wliile the threeimonths' bills were placed at about 2 7-16 per cent. Tlireexnomh. 'banii bills are now quoted at only 2^^ per cent, but
fcusincss is LeiDg done .is low as 2>4 percent. The money marikot is in a very utstable state.
;if the Russian withdrawals
art-commence, there will soon be a sharp advance if they
employers stop work altogether, they only ask of those
work half time. The object is twofold
to reduce",the output and so get rid of the stock accumution
outside the Federation to
—
and to cut off the supplies from the operatives on strikepresent as if the lock-out would gradually extend to
the whole trade. Both sides have up to the present refused all
offeis to arbitrate, and neither seems inclined to allow of
interference of any kind in the quarrel. Unfortunately there
is a fear of another great strike in the coal trade in South
Wales. It was in South Wales that the improvement in trade
^o not, quotations will fall further.
began about 1885, and wages for some years afterwards rose
The ^ilver maiket is weak, with a downward tendency. The rapidly, but during the past eighteen months there have been
lated,
It looks at
;
jptice gradually receded to 38 13-16d per ounce, but recovered
t) 38Ji,d. per ounce.
-«n Friday
Tl\e inclination here was to look upon Mr. Cleveland's elec~*ion wiih a favorable eye, but as a contrary opinion seemed to
prevail in New York the market has become very inactive.
Just before the election the general opinion here was that Mr.
Cleveland would succeed, and that there would be a rise in
consequently professional operators bought— not very
5 piiccs
'largely it is tiue, but still to some extent. They are dis- appointed
by the action of New York, and if New York
'*)r«vks away, there is likely to be active selling here. The
Umbiic is still holding aloof altogether. In British securities
»
inveftors are confining themselves to the very best. Consols
liave advance 1 a little, so have Indian sterling ttocks. and
"Colonial slocks are well maintained. But the tendency is
downwards in British railway and other industrial stocks, be><:ause of the extreme depressicn in agricultuie, the continued
'
'
;
>
vfallirg off in trade
atd ihefiar that the lock-out
in Lancashire
^will extend.
4t is understood that the Austro-Hungarian Government has
«iecided to postpone the contemplated gold loan until the
spring, partly because of the Minibterial crisis in Hungary
-and partly because the present is not considered a favorable
time for inviting subscriptions. The postponement of the
oan has
disappointed the Vienna operators, and the market
there has become quiet,
little fillip has been given to the
Berlin Bourse during the week by the prospect of a reconstruction of the coal s-yiidicate. It is understood that 75 per
cent of the coal owners are in favor of the renewfll, and it is
reported that the minority are gradually coming over to the
side of the majority. If there is a reconstruction, everything will be done to stimulate dealings in coal shares;
Cfamt the best informed think that the speculation must
break
A
down,
-/coal
bad in Germany, and the consumption of
is
steadily falling off.
In France the great
ers are
still
successful in supporting the Bourse,
heir difficulties are accumulating.
If Russia befor trade
is
withdraw gold from London and Berlin,
'n money will affect Paris aa well as the two
;ain
to
considerable reductions. Dissatisfied with this, the miaers a
while ago gave notice to terminate the sliding scale arrangement at the end of the year. Since the great strike,
nearly twenty years ago, disputes in the South Wales trade
little
have been arranged by a sliding
The miners now
scale.
allege that the scale, as it is regulated at present, is unfavorable to them, and therefore they wish it modified. But
the coal owners say they will not listen to any alteration that
would be more favorable to the miners; they contend, indeed,
that wages are already too high and must be reduced.
Tlie imports since January 1 show the following contrast:
1892.
1891.
Per at
Difference.
Imports.
£
£
£
January
38,485,244
-1-4,744,162
33,741,032
-H4-06
4-70
February
34,877,931
-1-1,566,577
33,311,354
-IMarch
36,704,177
35,253,059
-fl, 151, 118
+ 4-11
-10-43
Anril
34,920,272
38,982,537
—4,062,265
May
31,93.^,738
+ 1-82
34,377,698
+ 558,040
-10-95
June
32,811,854
36,850,124
—4,038.270
July
33,497,585
32,824,111
+ 673,474
-f 2-05
A.UKUSt
34,844,365
32,746.279
-1-2,098,086
+ 6-40
7-64
September
31,485,305
—2.603,996
34,089,301
- 5-82
October
-2,116,971
34,726,858
36,873,829
-
10 months.. 347,138,626
-1,468,483
348,607,110
The exports since January 1 have been as follows:
1892.
Exports.
Januar.y
February*
March
April
May
June
July
Aupust
September....
October
s
19,146,704
19,328,753
19,665,382
17,865,876
17,783,969
18,070,318
19,463,597
20,051,330
19,104,859
18,725,460
10 months... 189,206,248
1891.
Difference.
208,641,509
-42
Per 01'
£
s.
19,834,315
20,470,621
21,663,378
20,919,086
19,744,473
21,434,399
21,945,112
20,670,4s9
20,793,543
21,166,113
-
—687,611
—1,141,868
—1,997,996
-3,053,190
—1. 9611,504
—3,364,091
—2,481,515
— 619,159
— I.68«,H84
—2.440,6.53
-19,435,261
—
9-31
29 days, 1892.
The exports of foreign and colonial produce since January 1
show the following contrast:
*
1892.
Re-exports.
January
February
Marcb
April
Miiy
June
July
AURUst
September
October
£
4,128,646
5,728,772
5,566,389
5,543,838
6,591,447
4,648,260
5,971.207
4,376,!j09
4,227,061
6,363.028
10 months,.. 53,147,157
1891.
£
4.389,802
5,862,215
5,935,458
5,535,152
5,447,331
4,612,759
6,104,233
3,657,451
4,353,478
5,999,495
55,897,374
Difference.
—
—
—
£
261,156
133.443
369,069
+ 10,686
+ 1,144,116
+ 35,501
133,026
+ 719,058
126,417
+ 363,533
Per Ct.
—
—
—
5-95
2-27
6-21
+
-19
+21-00
—
—
+ 2-17
-V,
—
+19-94
— 2-ro
+ 1,249,783
+
+ 606
2-40
I
w
NOTEMDBR
THE GHEONICLB.
86, 1602.]
The following return showB the
Wor.
.V«». 0.
»
M,OM,TaO
Clrenliit'on
Pnbllcdopoi;u
otbtrdcpoitu
il.
M
M,«8«,«r5
H.tllTl«1
UOt,?*]
MjMs.a37
4,1M0M
M.tsoioai
U,Oftl,417
IMlMot
1U,0(U,M1
ll.DW.a«7
M.0it.t07
4.3ai.ia}
»,T0i.n3
sa,aiT,M«
1I,88«,0U
g
OttasrMCurltiM
tS,TM.ltO
tt.Ma.88e
U,7M.7«a
M,OM,SSa
lS.8n,M8
li.0«7.1«3
Ruervo
Culnsnil bDllli>n.>
Prap.uaa'.ttoll«bllltlM.perrt.
M.t74.489
t<.IM«JMM
10.ia7.IU
4SM
40M
per
rat*
Conaola
«M
par oant
Not.
Mis-Id
110.001.000
109.80t.OO0
0eM.
Wi4Jt.
|TMt
Britain
•a
,
West Indies
:^3!
7.')7;i.lM4'
iJll.OOll
2,'KH),
Ifezloo
4oath America
Ul other oountrlee..
*U,l)91
12,150'
yil.OOO
l,46t,ttN
10,500
7.3a<l
3,et4
I
Total 1893.
Total ISei.
ToUl 1800.
$100,000 $50.".17.4.'i3'
139,300 75,808,377;
73,663 l»,0«<3,t73
«-
•22.001
ar.TM,!
.ino.
.021
tMPOfU.
M15.lt
Importt,
JUlMT.
181,892.000
MnM/(M.l
Wuk.
Wetk.
mnetJmt^X.
7.
The followini? ahowa the imports of cereal produce into the
United Kingdom during the first ten weeks of the seison
compared with previous seasons:
IMPOBT*.
1S91.
1B92,
Importsof wbeat.owt.l.'i.'-O'.i.xs:)
Barley
4,777.«.J8
1890.
15.348,-^12
14.it>2.018
1889.
ll,us3 ."ioy
S.4l)ii.543
.^.91H,l,-fl
4,>i4T,4.->(!
3.107.44.>
0»t».
i!,092,7()8
2,H4-<,571
2,408.7.^9
Peas
397.274
1,113.141
4«7,924
271,.'i77
23H.6«»
7(i7,123
53.\.7I0
M87,3i5
Indian ooin
3,7sH,9><9
6.S20.0'J9
6.6S7.1.^4
0,101.216
Flour
4,219,050
3,072,2«1
2,779.917
3,111,180
Supplies available for consumption (exclusive of stocks oi
Beam
September
1):
1892.
Wheat
1891.
I860.
14,192,016
4,219,0">0
15,3l>",212
3.07/.a(il
Balea of home-grown. 5,352,879
0.506.988
8,025.447
21,927.461
1891.
25,597,330
cwt.l3.>ni2,H.')3
Imports or aonr
Total
23,431.782
1892.
1889
11,983,.'S07
2,779.<>17
3,111.180
10,409,964
25,504.651
1889;
30s. 3d
1890.
pricfi wheat w<"ek.29s. 9d.
38a. 7d.
32». Id.
AveraKB price, season. .28s. 6d.
36s. 7d.
318. lid.
29s. lOd.
The following shows the quantities of wheat, flour and
maize atloat to the United Kingdom:
A»er.
Wheat
qrs. 2.113,000
Lnstaee)!.
2,075.01)0
rioUr, equal to
tirs.
Halse
qra.
442.0C0
390.000
430,000
377,000
Titituieek
1891.
2.00l,5n0
230,000
185,000
Sreat Britain
Praooe
»712..'«>0'$17,I01.7«5
13,000
1,300
Total 1891
Total 1890
Bat.
d 39?i
oz...
9738
9739
Parlslfr. 99-53
Oonik)ls.uew,2% per
do (or account.
ots.
«^
w
Fr'oh rentes (In
D. 8. 4so( 1907
Tue$.
il942>s 99-42li 99-40
93\
823&
106 >4
136
Lake Shore
NashrUle..'
73
Loui«TlUe&
70
Mexican Central 4s
114
R. Y. Central A Hudson.
H. Y. Lake Srle AWest'n 2738
107
do
2d cons
orf oik A Western, pref 41 "a
Korthern Paclflo pref... 53
54 »9
Pennsylvania
lUlnolg Central
1
.
93I4
8238
"
jj
IP
.
B
li
:
i:
.
B
.
:
.
:
;
;
:
g:
s
MCOHCOU
CO ic M ta —
X CO o a
726b
135%
72%
70
114
27
106 >s
70
70
70
113%
20%
106^
113H)
113>4
25%
105%
25%
105%
4114
41
52%
54%
52-'8
41>4
627a
4068
5IT9
i4>a
2H38
41I3
5319
54 Ss
28^8
2838
28I4
40 "s
40^
26^
39''8
20^
92
SO-'o
105 "a
loo's
13.1%
135
72%
2H»8
4Ul8
26>4
26>4
9^>a
8138
54%
283a
tOie
1889.
Dry Qoods
Oen'l mer'dise.
Total
Binee Jan. 1.
1:^
VIO
t2,730,862
9,055,435
$1,984,836
7,956,441
$11,786,2-J7
»9,94 1,277
1893.
$2,469,194
8,671,046
$10,153,449
^
Dry Qoods
•
•*
!
;
:
2
;
:
;
;
o
$11,140,240
^
$118..%72,179 $134,310,858'$104.131,066l$113,578,023
aen'l mer'dise. 3-22,717,407| 351,444,418i 360,242,4971 30^,073,857
!o'5
x<x
cox
CO yt Jk
o
I
o
I
X to c. -^ -CO X o vo
Oi*^
u> .^
I-.
XO toM9a«
C0C3SXM
cnga^QO
— .1
j
ire
I?
COit>>
M*XO
hO
*^ V<
:*:
^X
03 «1
MC9
C3
MM X M
C .- — 10 to
•-xssrsto
^x
Ot3
e«)x
C M to U CO
iO -j-ii-tia
M u o yi
CO -r :o
tOibk
CO 10
c>b
MO
-ixoi^o
wxioikQo
MX
(«tO.^^)M
-J
rf>
X s ** <)
*>kO
yb^:t:x
osb
a>cd
MtO
x'^bVbi
cou
oaoxx M
$2,023,385
8,435,064
•
5:
XO-IXX
tc<-*io<t-
<**;-'
tec
1891.
•
M CS 10 — to
W-IM3iX
I
KBW TOXX.
1890.
0: a
:
i
'
§::::?
O
cnxo«a
-)
— « 10 y o
O
to^ 9 to -.ex to
0<*00
-^
^-M VxOlCM
OX OJ-^-Ji&tK
HemB
;
For WeeK.
S.-5f
S:
x$
;co
« o u o o«
25%
—
.IT
£=:
M©IOJ^^_
39!>8
26 Vi
Imports axd Exports fob the Wbkk. The following are
the imports at New York for the week ending (for dry goods)
Nov. 17 and for the week ending (for general merchandise)
Nov. 18 also totals since the beginning of the first week in
January,
rOaBIOR IMFOBTS
,£
«b—
*—
Ma
toaxts X
to to
oiJifOOto
7178
54%
®0nxmevctaX and i^tsceXlaneous
2
&9»0C0U
ODOIOCO t
99 -GO
135%
107
P:
:,T
C<3UI
7338
27'4
:
;
97 "a
13(iHi
70
114
w.i:
•o.
COO
106 '4
8218
10578
m folio
Si
97=8
99-65
92%
2.M0.3»»
179,746
20,895
si
3S-'8
93
82
100
Philadelphia <St Beading.
pref
0.319.41»
»-<
Onion
Pacltle
434,9271 16,OJ2,5S0
'TO
o
^
m.
Thur:
.,,
Canadian Pacitto
OhlcMU. *8t. Paul....
» 10.233 $2.877,7fl»
ee
Bid
38"ie 3S13i8 39
977,r 977,i 97>«
97'*
97 "a
977]«
67^
137
$725,300 $19,228,160
615,770 17,W«1.4i0
the corresponding period i of last year are
248.0O0
330.000
Won.
977,«
1,514
1890.
1,801.000
38%
Wtd.
$A.I3l
33,^0
Importation* of Dry Gooda.
The importations of dry gooda at thij port for the wMJfc
ending Nov. 21, and since Jan. 1, 1893, and the same facta fos-
.
XiOTuion.
•7S.4I8
38,315
5t8,0«5
37,513
ToUl 1802
daily closing quotations for securities, &c. at T.,ondoB
are reported bv cable as follows for the week ending Nov. 25:
Uver. per
530.139
Germany
Wast Indlea
Mexico
,
Soath America
411 other counlrtee.
BnslliiU FInaaolal .tlarUets— Per Cable,
The
Wabash
roai.
tmporls.
rranoe
s
»S 13.1S
131,103.000
Haw
\ainttJan.l.
Oennany
41^
83K
••
4
»7M
Claariiut-llLiua ratarca
•
3
ct.
tl.I0l,77a
araois *»
M»port$.
la
*
tS.4ai,<U
«,()MJin
a>T«rnniar.t iMarlllat
Not
ttov, l».
88S
uroari aao uiroan ov
poaition of the Bank of
Kni<!and, the liiink rate of diaoount, the price of cooaoU, Ac,
eonipiircd with the last three years:
ISO*.
ism.
ISM.
ItM
Bank
»^
)
coVlabcn
cocox^a
*- — T to
l-t
The movement of breadstuff j to markot is inl.cated in th»
itatement below, prepared by ui from th? fl.;ures of the Ne^^
We first givo the receipts afc
York Produce Exchange.
Western lake and river ports, arrange 1 sd a^ to present th
comparative movement for the weekending Nor. 19, 1382
and since August 1, for each of the last three rears:
I
Ttotal
40 »ffek».'»111.23l),5S(i!$485.755.2T4l»ie4.370,563|$51 1,651,88
dry goods for one week later will be found
in the next column.
The following is a statement of the exports (exclusive of
pecie) from the port of New York to foreign ports for tli«
week ending November 22 and from January 1 to date
xpoBTs raoM hsw roax roa thi wbek.
The
OtctipUat-
ioiports of
:
1889.
For the week..
Prev. reported.
ii!ft.808.898|
293,902,849
1890.
1891.
$8,631,55i!
305,980,021 326,2G7.5y:>
$9,3^i!),rvU^
1892.
*7.-.':i«,250
3as.():iO,009
Tatel 40 weeks. $304,711.747'$314.611.575l$335.657,079l$315,328.0 19
Thefollowing table shows the exports and imports of npeoie
at the port of New York for the week ending Nov. 19 and
since Jan, 1, 1393, and for the corresponding periods in 1891
aad 1890:
Flour.
IVk«a(.
fiI>l<llMU>
BmhjaaUm
Cora.
1.3
13«,8T8
CStloago
MllwaakM...
Oatatk
MloneapolU.
ea.ua
S73.4SO
TWIl
1.7i7,Sll
15.59
170,11)1
88.310
Detroit
;n«Teland-..
111.318
41.3117
«.<U.i
13.631
St. Louis.....
139,535
4 lit.: 01
3.00
Peoria
ToLwk, 'M.
jame irk.*t>l.
Sun* wk.tlo.
MM
|
U»
M. 137
1
»irt<v.
Siu*.t.S IAj
|
I
»u.ts
Rw.
BltJ« I
10S,»«»i'
IdD.OOJ
«,iTr.«io
8S)
S.3S0
roledo
OaU.
Biuk.&'llte SluJkS 3
a.70»-
4l.M^
63,871
IVSU
ll.8»
tMfi-V)
41.IIM
111,00
tja.tx)
8,1<U.1I8
l.-'lJl.lTl
i.ati.oai
l,UO.MS|
tlM4»
i.-Ji.we
l.Ul.tlT
i.(ut,au|
tstkia*-
l,S4J.-i)>
1.03 tt«M
3:8,vn
7.IIO3IS
Mi.a*i)
l,0»u,3ai
<.i4aa7i
U13UAi>
I«.t'a
4«,3M
s^nota
.4110.1.
ISM
U91
i»w>
l«.<MSJIU
...
.
s.o-i
w
•
«
.
:
!
THE CHRONICLE.
684
The receipts of flour and graia at the seaboard
week ended Nov. 19, 1893, follow:
Flour,
Oorn,
bblt.
bush.
Wheat,
bush.
>ew York. ..187,439 l,48i.30O
Boston
80,053
4i,3o8
Montreal ... 19.258 342,40i3
PUiladelphia. 69.v!74 213.381
Baltimore... 67.925 222.752
Riohmoud... 13.575
17,998
New Orleans. 17,472 19J,070
At-
543,850 215.125
H.823
171.045
90.352 25 57>
64,793 23,200
2 2.000
122, (J21
2,
Barley,
bush.
Oats,
bush.
538,600
163, S25
6 JO
189,147
ports for the
464
Rue,
bush
32,900
3,615
862
9,0 JO
624
8,7
38,361
6!>,264
Tot. week. .447,996 2,514,26* 1,08 >,521
939,101271,723
lA^OL.
&
—Messrs Laaiprecht Bros.
Go. offer this wei>k quite a
line of municipal and street railway securities intended to
attract the attention of investors.
—Attention is invite! to the line of municipal investmants
offered in our coluinus by Messrs. Edward C. Jones
Co.
— Messrs. Eeed & Plasg preseat in the Chbo.vicls
selected list of railway bjnds bearing
the investment.
1891.
il892
1889.
1890.
Week
Week
Week
Week
Nov. 19.
Nov. 21.
yoc. 22,
277,162
Nov. 23.
2 47,047
8-*6,396
Flour
bbls.
332,362
301,170
Wheat
bush.
789.910
250,"67
496,564
119.773
946,940
756,«96
2,135,095
346,836
112,163
597,697
1,649.924
326,279
106,19a
828,903
624.152
821,243
423.592
H0.349
2,747,919
4,297,730
3,563,486
2,791,239
Corn
1,091,605
Oate
Barley
Bye
Total
SAS COMPANIES.
donsolfdated Gas
lersey City A Hoboken.
SCetropoUtau— Bonds
Mutual (N. Y.)
Bonds, ds
^fassaa (Brooklyn)
Scrip
:...
People'fciBrooklynl.
..-
jBld.
130
Com,
Bush.
1,182,009
113,119
Boston...
Morfolk..
Montreal
164,155
PhUadel
127,818
NewYork
Baltini're
S.on'us.
N.News..
192,685
527,100
Flour.
Buth.
295,610
55,247
Oats.
Bbls.
108,996
34,692
Bush.
6,077
17,145
Rye.
1'27
180
110
111
100
160
100
92
Gen. M.,53, 190i)...A&Ono2
81'okerSt. Jk. I'ul. F. -Stk. 28
Ist mort., 78., 1900-.J&J llu
9.;i>4
7thAT. -St'k.. 200
Ist mort., &s, 1904 .J&D 104
ad mort. 5s, 1914... JiJ 102
'24 10.")
8'way Ist. ss. ko
2nil 68, int. as rent., '05. 93
-irooklyn City— Stock
265
B'klyucrosst'n Ss.. 1908 107
Skn.O'y&N'uSs, 1938 J AJ 102
42,990
Central Crosstowu— iSL'k.. liO
Ist mort., 68,1922. M&NillS
Peat.
Bush.
Bush.
19.540
3,571
15,856
1
.....
14 S
loa
WilliamsbuTK
Bonds, 6s
43.T90
255,646
359
ft
,
on
|
Aa k
138
1111
iMetropollcan(Brooklyn).. il8
Manicipal— Bonds, 78
105
|ll8
Fulton Mnuioipal
Bonds, 68..
iiss"
107
170
130
1U2
166
10ft
.
Dry Dock B. B'y* B.—
I
30
112
202
loa
lOi
96
260
Scrip
100 101
BlKhth At.— Stock.
260
BignthAT.— Sorip,68,1914 106 109
42d
I
&
St. P'ry— Stk. 295 800
l8t mort., 78, 1893.
ICMi 1 t:l
Gr'nd
A&O
ll42dSt. Manh.A St.N.Ave. 63 70
Ist mort., 68, 1910.. M&S 1>1 111
2d M„ inoome.Bs
J&J 68 70
HoU8t.W.St.<fcP.F'y— Stk. 200
Ist mort., 7s, 1894.. J&J 100 107
jNiuih Ave
IM UO
iSe (ud Ave.— Stock
. 130 135
I
!
103
M&N
1C13 106
1st mort., Ss, 1909.
ISlxth Ave.— Stock
19.% 200
iThlrd Ave
210 216
IstM., Ss, 1937.
. J&J
112
Twanty-thlrd St.— Stock.. 29 J
lit mort. 7a. 189S.
103
Consols. 7s, 1902 ...J&DjllS
)ry Dk.K.B.i Bat'y— Slk. 128
lat aiort. 7b. 1893..J&n 100
225
|]3S
...|1oh
94
Pk.N.4K.Riv.— .Stk.'lSO
lent.
3,021
17,300
Bid.
|
Equitable...
Bonds, 6b
'
86.865
)-day a
Citj Railroad Secarities— Brokers' Quotations.
ir'dway
Wheat.
t
5 to 7 per cent
GAS COMPANIES.
Ask.
135
128
A-tlantlo Av.,B'klyn.St'k.'250
several seaboard ports for the week
ending Nov. 19, 1893, are shown in the annexed statement:
The exports from the
from—
from
&
«. i. and Brooklyn Was Secarities— Brokers' Quotations
arooklyn Gaa-Llght
..
LV,
46.901
Week 1891.435,548 2,584,644 985,455 1,449,266 475,317 245.896
Below are the rail ahipments of flour and grain from
Western lake and river ports for four years:
Mxporls
.
.
WO
I
filclim'iid
Tot.
week 2,307,586
650,293
183.795
110,312
21
71.884
335,134
306,530
221,683
162,220
216,497
B'me time
1891... 2,788,011
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Nov, 19, 1892:
In store at—
NewYork
Do afloat....
Com,
Wheat,
bush.
15,581,000
489,000
Albany
!Buffalo
iCliloaKO
Milwaukee
Duluth
Toledo
Detroit
O-*
'<>-
3,570,000
9,983,000
2,006,000
7,897,000
3,541,000
1,146,000
Oats,
bush.
Rye,
bush.
1,138,000
194,000
8,000
530,000
6,266.000
9,000
3,207,000
32,000
12,000
154,000
2,473,000
47,000
101,000
8.000
10,000
440,000
171,000
193.000
54,000
103,000
32,000
139,000
11,000
98.000
7,000
333.000
275,000
3,000
28,000
50.000
13,000
15,000
333,000
158,000
68,000
133,000
255,000
4,000
287,000
64,000
150,000
108,0 10
182,000
110,000
83.000
10,000
210,000
346,000
6,503,000
10,000
Cincinnati
247,000
Boston
189,000
Toronto
427,000
Montreal
Philadelphia... 1,990,000
126,000
Peoria
518,000
Indianapolis...
Kansas City.... 2,031,000
2,302,1100
Baltimore
7,476,000
Minneapolis
On Mississippi.. 101,000
2,163,000
On lakes
On canal & rivet 1,240,000
1,493,000
896,000
Nov. 12,'92. 67,205,000 13,113,000
N0V.21,'91. 41,014,514 1.950,080
S.>v.22.'90.24,189.819 4.328,559
Nov.23.'89. 30, 121,056 6,100,054
Barley,
bush.
7.000
22,000
31.000
649.000
108,000
197.000
71.000
12'>.0.>0
1,000
.S,000
Nov.l9.'92. 69.536,000 12.235.000
— Mewrs. Henry Clew
8 4,000
...
--
Bt. Louis
Tot.
Tot.
Tot.
Tot.
TOt.
bush.
10,000
43,0J0
11.000
90,000
102.000
1,000
81.000
121.000
10.000
31,000
63,000
6,000
—
Auction Sales Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs. R. V. Harnett Co.
Bonds.
shares.
$1,000 Winona & 8.W. RR.
15Wluoua&8 W. RK
8
1928
6s.
721a
24 Ouialia & St L RR, pref. 10%
24 Om. Jt St. L. BU. coin.... 3\ $18,000 Virginia 10-403,tru8t
SS"*
rocelnts
50 .SewarkPas'is'rSt.Ry.Co. 29
17 Svr.tcuseCons. 8t Ky.Co. S^ $2,880 Virginia tax-reoeiv'le
29
2'8
coupons, trust receipts
100 Woodstock Iron Co
$2.0jO Woodstock Irou Co.
50 Postal relet. Cable Co.. 85
9914
I8t6s
52%
62 Ala. Mineral Land Co
200 Auuiston Cit\ Laud Co.. 27'« $1,000 Laokawauoa & Susquehauna Coal Co. bond... 65
200 St Joseph & (J'd Isl KR. 6%
200 South Auuiston L.aud (;o. 7
15 H. B. Claflin Co. com ...113%
&
By
Messrs. Adrian H. Muller
paid in liquidation)
5>9
791 HerzoK Teleseuie Co. of
N. y.,$lOeaca
$10 lot
15 Empire City Fire Ins. Co. 75%
25 Clinton fire Ins. Co. (100
p.
197,000
131
30 Peter Cooper Fire Ins. Co. 136
40 B'lreuiau's Ins. Co (100
p. c.
u.paidin liquidation),
$*0 50 lot
Nat Shoe & Leather Bk. 158
6 Nat. Broadway Bank....270>s
40 Herring-Hali-Marvlu Co.
H per cent pref
101
20 Herring-Hall- Marvin Co.
common.
96
50 Baruey & Smith Car Co.
5
601,000
497,000
7.921,000 1,2^5,000 2,812,000
8,195,000 1.260.000 2.762.0
2,5()5.8i>4 3.736,460
4,64.i,3
3,530,286 561.90 5,095,909
5,904,7131,164,348 3,141,421
common
1
& Son
:
Shnres.
Shares.
25 Plitenlx Nat. Bank
5 Thurber-SV'liyl'dCo.com. 45
150 The Slioe Last'g Maolilne
rlOOlot
Co
38 SUoe Machinery Co. Lim$^0l0t
ited, *10each
8 Thurber- Why land (3o. pf.
.wis-giia
100 Utica & Black River RR
(7 per cent guaranteedilSS
5 Lawyers' Surety Co. of
NewYork
100
Bonds.
$10,000 Union Ferry Co. Ist
100
58, M&N.
$15,000 Dry Dock E. B. &
Batt. RR 5 per cent scrip.
lOo and int.
1914,F&A
101%
^attUtttfl aiid Iflttanctal.
&
Co. announce that they wQl receive
suhscnpnons at par for 5.000 shares of 8 per cent preferred
cumulative stock of the Siilwell Bierce and Smith- Vaile Co., of
DayiOD, Ohio. The advertisement, printed in another columa,
slates that the preferred stock offers a security id most identical
with that of a first mortgage bond, being a prior lien upon
the a-sets and earnings of the company, and will be entitled
to cumulative prefereutial dividends of 8 per cent per annum
before any dividends cau be declare! upon the commoa stock.
The auihorized capital stock is $1,OOU,000, di^dded in 5,000
shares preferred stiick, now offered to the putilic, and 5,000
shares of common stock, which latter is all sub cribed f .r by
the vendors.
Expert accouatant.-i report that for three
years
ending
December 81, 1891, the books of the
combining companies show that the earnings Iiave
been equal to an average annual net profit of $94,657,
euflacient to pay 8 per cent on the preferred stock and
nearly 11 per cent on the common. They also certify that the
total assets of the CDmpanits amount to $908,640 exclusive of
patent rights and good will. The company will carry ou and
develop the business of manufacturers of turbine water
s
....
LIBERTY NATIONAL BANK,
Central Building, 143 Lilbertr Street.
New
VorfaL.
9300,000
ACCOUNTS OF BANKS. BANKKBa AND MBRCHANTa SOLICITBD.
HBNur OHAVB8, Vlce-Prealdtot
HBNBY C. TINKKB President.
JAMBS CHRISTIE, Cashier.
DIKECTUitS.
H. C. FAHNEStOCK,
B. F. C. rOUNG.
HBNRT C. TINKER,
WM. RUNKLK,
HON. G. A. HOB ART,
HBNRV GRAVES,
DUMONT CLARKE,
J. A. GARLAND.
OBO. r. BAKBR,
CAPITAL.
J. B.
MAXWELL.
JNO. H. STARIN.
Spencer Trask &
Co.,
BANKERS,
16 Oousreas St., Bostoo.
10 Wall St., New Vork.
Albany.
Providence.
Members of New Tork and Bostoa Stock
Bxctiau^es.
INVESTMENT SECURITIES.
MERCANTILE NATIONAL BANK
THE
•wheels, steam and power pumping michinery, hydraulic
OF THK CITV OF NEW VOaK.
machinery and presses, cotton seed and linseed oil machinery.
No. 191 Broadway.
The patronage comes largely £ rcmc-.rporatioiis, railroad companies, and the better class ol macofacturers. The business Capital,
$1,000,000 iiturplnsdc ProBts, $1,030,00
will tie conducted under the same management as heretofore. WILLIAM P. ST. JOHN. President.
FKUUKKICK B. SCaBNCK. Caabler
Subscription lists will be opened on Saturday, November 26th|
JAMBS V. LOTT. Assistant Gasbler.
and close on or before November 29th.
ACCOUNTS SOLD.
'
I
I
'
1
NovRUtiKR
iBB OHBOinOL&
36, 1803.
ght gaubcrs'
discount
i^azzttt.
;
886
Louis,
Rt.
premium.
11,000
Ko. premlam; OtttMCO. 9)01700. par
VIDBN D*.
Kottmbtr as.
Prtnicbankera'cttorUaK
Booki Olotti.
(Dayi intlHtin.)
IfAcn
Ifamt of Company.
0*nt,
PayoM*.
"•oellaiieou*.
CblCHKo <Jns iiiuar.)
ConxolUliiii'd OiuiorN.Y. (qiiiir.)
Truutuii I'utUTlfii pref. (qimr.)..
WAI.I. MTKRKT,
2
Dec.
Deo.
Dee.
u follows:
bMiksn ar«
Pouted ratoa of Isadlnic
DI
22
lA Deo.
10 Dec.
KBIDAV, NOT.
to
to
2 to Dec.
trill*
r ioieoommerela
MalyOay*.
oo LoadoB.
4 «6
4
84>«*4H4\
4
P Mnmentary comineralal
r trill bankerii (franoe)
M>t
4 f)4'«»« g4>«
6 )7>4«r. l>l%S15i^»» IS
matorrtam (viillderd hanker*
Prankfort or BremetXrelclimarlnlb'Blief*
401,. »t0>4
95V»
4n^«4oTi.
I
95%'
B5't*9fl
I
United StAtoH KonilH.-QiiotaUoosar* aa follows:
1H93-4 P. M.
The Monpy .Varket and Financial Sitnation.—The hiim'ti,
neas wiH'k has l)t>en shortened bv tliP occurrence of the Thiinksgiving holi(hiy on Thursday. I'lio renewal of gold oxporta on
a small scale Ls made niucli of by those of Ix'arish sentinionbt
on acox)unt of tho unusual character of the movement at this
time of year, when e.\|)orts of produce should !«> large. But it
is to lie remeuilK'red that throughout this season the large imports of morcliiunli.so have had much to do with tlie trade
movement, and a considerable docrea.se in imports or a renewed demand for .iVmerican securities would quickly change
the whole aspect of affairs. The depression
business in
England is hardly sufficient to check the demand for our
bonds, as there is always English money to invest but our
silver ([uestion is a more serious obstacle, and to this mainly
must we attribute the small investment in American railroad
m
;
InltrtBi
Sov.
iPeriodti
19.
I
Vov.
Wot
IfOf.
31.
22.
28
3L
L-Moh. MOOU M00<4 M00l4!*100)«
L-Jan.l-114>«*U4>« ,1U^ 114%
reit.
ooap. i.-Jan. *114>«-I14<**I11>«*114>«'
S*
4»,1907...
i«,
yov.
I
res.
1907
ng.
oar'oy.'9S
6", our'cy,'96
6(1.
reg.
6ri, our'cr,'97....re)t.
6». oar'oy.'98....reg.
6«. oiir'ey,'99
reg.
J.
J.
J.
J.
*
A
A
*
A
J. 107>» •H>7'« '107'«''107>«'
J. -10J\ "lOOlt •UH)\''lo<;%i
•1I2\ -112%
J. •112%
J. •115>4 *115>4 'IKIii ll5>4l
'118 1*118 -118
J. •118
M12%
I
Mot.
85.
*iOO*«
*U4%
•lUlf
•110
*109%
•113%
*11S««
•118
moraine board ; no laU wa* i
UoTorninent PurchaMes of .Silrer.— The following show
the amount of silver purchased to date in KovHm'ior by the
•Thlals tba prloe bid at tba
Government, The Department having purchased the amount
of silver required by law for the monih, no further offers will
be considered until Friday, December 3.
Ounett
Ouneet
Pnetpaid.
pttreAaud.
Offend.
so-called industrial stocks are looming up with constantly -increasing interest at the Stock Exchange, and the Previously reported
6,713,000
3,665,000 fO-S460 • #0-8680
514,000
important question arises what shall be done to get satisfac- November 21
350,009 80-8475 • io-8480
399.000
23
274,000 80-0545 « 80-8SS8
tory information about their finances ? It seems to be a proper
"
25
subject for legislation, as these companies are now corjwra- •Local pnmhasns for month
tion-s
that is, creatures of the legislature. The subject must
to November 22
215,300
be approached with great care and with a jast regard for the
heavy interests involved, and while it might be quite im- 'Total In mDntb to date.. 7,628,000 4..S04,200 80-8I60 • 80-888
* Tbe local purchaae* of each week are not reported till Monday of
practicable on account of tlie nature of their business to demand monthly reports of earnings from these companies, it by tbe TollowinK week.
no means follows that they could not file quarterly, or at least
Coins.—The following are the current quotations in gold for
•erai-annujil statements with the State authorities. The officers various coins:
of the companies will naturally opiKwe legislation requiring HovtirelKus
84 85 984 90 fine silver bars..
84%*
3 85 « 3 90 Plveritt.ios
90 •
95
such rejwrta, but it should be remembered that the railroad NapuleoDS
—
dollars..
Keiclimarka.
Mexican
X
4
70
•
4
80
66
•
X
67
officials were decidedly opposed to the passage of the New
—
Do uucornta«ro'l —
25 Pesetas
4 75 « 4 85
»
York law requiring quarterly reports from the railroads in this Bimn.Duabloous.lS 55 915 70 Peruvian HuU..... —61
BnKllsh silver.... 4 80
State, and yet the law has worked very smoothly, and has Mez. Doubloon*. 15 55 915 70
90
prem. V.S. trade dollar* — 70 •
3
given to the public in brief shape the best and most conclusive Fine Kold bars... par
reports on railroad finances that they receive from any
State and Railroad Bonds. State bonds are dull an
Quarter. To be very conservative at the outset, suppose the sales include 1 10,000 Va. 6s det"d. tr. rec, stamped, at 7; $4,50
$10,000 Ala., Class B, at 106^106}^ ;
tate roijuires only semi-annual reports from these industrial La. consol. 4s at 94^^
corporations, substantially in the same form as the quarterly $40,000 S. C. 6s, non-fundable, at 314 i fl.OOO N. C. sp. tax
raifroail reports, with earnings, income account and balance tr. rec. at 3}^.
Railroad bonds were not generally active in this hoUday
sheet would not this be legislation of a moat reasonable character in view of the immense public interests involved in the week< but a few issues were freely bought and prices were
Pacific 1st 5s have recovered to
large holdings of stock in these various companies? Those rather steadier. The Texas
that have made good annual reports are an exception to the 81 since the advertising of the December coupon paymmt.
Ohio, R.
A. Div. 1st consol. 2-4a sold freely up to £1
rule, and to their officers aU credit is due for rising above the Ches.
average standard in this respect. The H. B. ClaflinCo. makes on Wednesday, and in 1894 these beccma full 4 per cent
The Chic.
Northern Pacific
bonds the 4s sold at 84>^.
a brief report semi-annually.
The open market rates for call loans during the week on 53 are steady at 75^ and the Northern Pacific conK>l. 5s
Qreen Bay Winona
St. Paul incomes constock and bond collaterals have ranged from 3 to 6 per cent, around 73^.
the average being 4J^ per cent. To-day rates on call were 4 to tinue to be leaders in activity and sold considera{>ly aroimd
39039>^. The Reading pref. incomes are comparatively dull
5 per cent. Commercial paper is quoted at 45^@SJ^ per cent.
The Bank of England weekly statement to-day showed and have not recovered from the recent decline on the
an increase in bullion of £260,000, and the percentage of re- rumors that the interest due in February would not be paid in
serve to liabilities was 49'80, against 46'78 last week the dis- full. The drooping in prices, however, has more the appearcount rate remains unchanged at 3 per cent. The Bank of ance of a reaction from the excitement which attended the
Maine deal than of a doubt about the interest payBoston
France shows an increase of 6,075.000 francs in gold.
The New York Clearing-House banks in their statement of ment. On the statements of monthly earnings during the year
Nov. 19 showed an increase in the reserve held of $3,029,200 as compared with 1891, it is difficult to see how interest payand a surplus over the required reserve of (1,590,923, against ment could be passed without shaking confidence in the com.pany's book-keeping. If the market has no de|>ressing influ$2,678,600 the previous week.
seciuities.
The
—
—
,
—
—
—83%
—
—
—
9—63
•4
9%
—
;
—
&
&
&
,
&
;
&
;
&
ence
892.
\ov. 19,
1
:
Differen'tfrom
Pm.
iteek.
1891.
!fo*.
21.
1890.
-Voti.
22.
it
may
be expected that
interest will soon
b^n
all
those bonds paying January
to strengthen somewliat, as this la
usually the case in December.
Railroad and Xiscellaneons Stoeks.—The stock market
has been dull, except in the few specialties which now monopDistiUing & C. F. haa
olize so l^-ge a sliare of the busmess.
held its pls^ as a leader, and the chief card this week haa
been a bull statement of the general prosperity of the companr
from one of those having inside knowledge; it closes at 07^,
against 66 1^ a week ago. National Cordage has been very
Beeerve held
117.60W,700' Ino .2,0.!9.200 118,903, 200 95. 511,000 strong above 140, and closes at 139, with the report of aa
Legal reserve
113,048.775 Inc. 147,175 103,580, 450 95, 421,^50 early distribution of stock to stockholders, possibly doubling
Tlie granger stocks are «}uiet and
present holdings.
Implna reaerve
4,860,925'lne .1,882,025! 13.322.750
89.750 the
rather weak, waiting for further developments in trafflo
Foreign Exchange. ^The exchange market became stronger and earnings. Reading is also in a halting position for the
as the week advanced, and on Wednesday $800,000 gold was present, and the N. YT & New England meeting in Boston
drawn out for shipment to-morrow. Tho small supply showed nothing of extraordinary interest i-ithor for that oom
Erie pref. an<l common have Uvn sold
of commercial bills and the largo imports of merchandise pany or for iteadiug.
this season are the cliief causes mentioned for the higher down on the supposition that the dividend on the preferred for
rates of sterUng.
There were some bilb against purchases this year may be passed. Wheeling & Lake Erie stoclca were
of securities for foreign account late last week, but nothing stronger on the reported settlement of certain points of diaof importance this week. To-day rates were advanced slightly. agreement among the directors. Western Union Telagrapb
Actual rates of exchange are
Bankers' sixty days st4>rling, ex- 10 per cent stock dividend sells at MJ^. Among the oilisted stocks American Sugar continues active, dosing at 10^
4 85}4(a4 851.^ demand, 4 «79^©4 88 cables, 4 88(g4 88>-4.
Ttie lollowing were tue ra(t» ot auuiosiiu exoaange uu Wew
aminst 107 4 last week. Lead closes at Hii against 45, and
Ifork at the under mentioned cities to-day: Savannah, buying
the new U. S i,>Mi.i...r Co. at 40>iiuninst *l^. To-day tb*
•
59,372, 700 60, 572.700
Burylurt, .......
64.931, 000 62 ,213.100
6(1.233.500
Lioans and dUo'tel 444,22.^,300 Deo.1,736,600' 408,601, 9003S7, 297.^00
.^3,300
3 55:*.7O0
Clroolation
5.662.100 Ino .
5.574, 800
58S,7i>0 4;2,3V1, >j00 38I, 6S5.000
Net depoait«
4.52,1 its. 100 inc.
Bpecle
77,703,300 Ino.2.t)20,SOO 87,970, liOO 7«, 191.200
Letral tenders.... 3!).B4b,40<t, Deo. 591.100 30,932, 400 22, 319.800
Capital
60,422,700
1
—
:
;
;
>
J.^
discount, selling par; (Jharleston, buyinK,l-16'^i-^ discount.
New Urleaus, |bank, .par ;JcorainetouU,.^l$l 50
Belling par
;
market was
i;lo8e.
^^
42;,, St. Paul
;
,
New
England
tern;Union 86/iJ
selling
down
to
..
THE CHRONICLK
886
NEW TORE STOCK EXCHANGE—^aiTFS STOCKS
[Vol. LV.
NOVEnBER
for week ending
25, ani since JAN.
HIOH£SI KSU liOWBST FBIO£B.
Batnrday,
Monday,
Nov. 19.
Nov. 21.
„,
87%
3T68
r
97
G7ia
92
57ifl
*12e
23
*60
*40
*142
57^
127
8678
5
9738
9114
5714
126
23
•CO
23I4
-40
3758
5
9713
9II4
57%
126
2318
62
42
ni8isl20
*28>4
*71
63
as^t
75
132 !Si 1323,
15113 152
»16%
•
54%
•4%
Si's
*10
•414
961a
90is
67
126
2278
61
3713
5
97I4
9OI3
57
126
2358
61
•40
1734
54"*
5i«
33ie
11
3658
119
62
28
119
6238
23
100%
10138
69
71
5414
-4%
•311a
*I0
140
133
54i«
51a
39
im
FWday,
Nov. 24.
Nov. 25.
8138
49%
119
82
K96
•SO
57
127
37%
479
96%
90%
4978
49
'119
27% 28
67
128
126% l2tl%
22% 23%
60%
•41
142
146
16% 16%
53% 54%
4%
5
33
10
49%
•4%
11
141% 142
140
141% 141%
133
132% 135 '132% 134
1021310314 102% 102% 103 101
102% 102%
•10
lOi-i
*10
11
10^ IOI4 IOI4 JO
-32
*
•33
•31
36
35
35
34
*24i4 25H •2414 25i« '24
•24
25
25
"7738 77»4
7733 77i« >77
77% 76% 77
131 131%
1321a 1321a 132% 132% 132 132
'102% 103% '102% 104
1021a 103^ 103 103
70% 711* 70% 7II4 70% 70%
7112
71
2438 25
24% 26
25
25%
2!
25
26
26% 26% 26ii 26% 26^1
261s 2««i
I29I4 1291s 129% 131
131 131%
129% ISO
'107
108
IO712 lOTij 1071a 107% '107 108
•15
*15
*I5
16
'i5
17
17
17
•44
451.,
44
44
44% 45
44% 44%
140 140
nSS^s 1S5
25
151,
25
5914
*33
*85
691a
•15%
I6I4
*73
*32i9
2OI3
80
36
35
88
IIII4IIII4
;
63
44ie
441$
•235
20
I9I8
"7013
*10i9
•3913
*18i4
20it
361*
19=8
197e
IS's
71
11
4015
19
2(;5e
63
447g
17
56
21%
9^
93a
613h
40
40
•29
31
65%
52
4()is
•70
•I6is
5513
*20»3
OO14
41
76
17
56ie
•107
15
•38
7
0%
14
42
107
14%
42
o
d
958
914
34'8
3713
513b
40
•70
517e
75
•16% 17
55%
*44% 45%
•Sm 82%
107i4l0.'i%
34% 35
9>a
36% 33
•44
50
39I4
385a
'10
•38
41
•1358
41
105
113
42
107
113
34% 35%
9% 9%
37
37%
'44
•75
50
112
96%
40
112
967s|
40781
83
447b
82%
38=9
•110
113
9638 97
4138 42%
122 122%
66% 6578 6668
113 113% 112% 113%
134% 135% 135% ISS-f
115% 115% 115 115%
44
45% 44% 45%
80%
13%
4l7e
106
114
9%
36
44
94% 94%
1278
•19
22
30%! 30
51%
Do
Do
2d
pref.
. .
8%
Pittsburg Clnn. Chlo.
Do
41
64
64
&, St.
Do
6%
St.
•13% 14%
pref.
Louis Southwestern
Do
41% 41% St. Paul&Duluth
105 107
Do
4178
106
114
112
114
•35
9%
9%
37%
35
•44
50
38% 39
16% 16%
•11
11%
25% 25%
22% 23%
63% 64%
St.
37%
Paul Minn.
pref.
& Manitoba...
9% Texas & Pacific
357 Toledo Ann Arbor & N.
Toledo
di
1,000
17
Union Paoillc Denver
11
11
Wabash
I
,
& GuU.
pref.
Erie
17%
10%
300 41%
pref.
misceHnneous Stocka.
43% American Cotton Oil Co
82
Do
pref.
9%
Jan. 7
Jan. 11
Feb. 29
47%
30,630
200
1,400
31
139
117
21%
48%
20%
33%
65%
42%
91
19
Jan.
July
21%
Sept.
Out.
15
38
Aug.
100 37
35%
Sept.
Nov.
^ov.
Nov.
July
Jan.
Jan.
4
Mar.
June 2
2
18
56
Jan.
4
26% Jan.
72% Jan.
2
2
24
Jan.
74
Mar. 11
Jan.
Feb.
11% Jan,
22% Jiin.
2
4878 Jan,
7
7
4
108
Oct.
116%
Jan.
34%
Sept.
41% Jan,
7
1458 Jan.
10,400
23
45
75
July
Apr.
17,955
36%
33
62%
Oct.
Oct.
Sept.
88
2
6-
4
Nov..10-
Feb. 13Feb. 11
50%JaiL
25
415 1578 July
210 10 Juue
3,640 22% June
19%
11
Nov.,10
Jan. 4
l,l.')5
]
5
4
2
5
5
Jau.
Mar.
1,800
12,925
2,327
4
2
Jnne 21
5
41% Nov.,18
91% Jan. 28.
33% Jan. 4
2278 Jan. 4
65 Feb. 11
30% Jan. 5
67% Jan. 5
17% Feb. 12
79 Feb. 16
41 Jan. 5-
Sept.
Sept.
453 64
6%
250
583 13%
500 39%
200 103
175 112
T
19
Aug. 19Mar. 5
Aug. 10
Aug. 10>
Jan. 13
Jan. 13
5
74
6% June
9,23(1
5
Jan.
23% Feb.
20% Nov.
Jan.
19%
"230 67%
Mar.
22 % Jan.
81% Jan.
45 Jan.
59
252
Jan.
Jan.
70
Jan, 5Jan. 4
Feb. IS
Apr. 18
Apr. 18
119% Mar.
34%
77%
Sept.
19
9-
Aug. 11
26% Nov.
Jan.
Jan.
Sept.
Sept.
Sept.
Juneir
84% Jan. 2
Sept.
Sept.
200
9 Sept.
600 37% Sept.
530 17% Sept.
Wisconsin Central Co
17
149% Apr. 7
167% Feb. 2919% Jan. 2.
54% Nov. 11
100 32% Sept.
46,350 24% Nov.
6,807 57% Nov.
27,4(;0 3078 Aug.
232 224 Jan.
pref.
3378 Union Paolflo
•16
•15
Mloh.
99% Aug. 1540 May 13
80% June 2
May
6,520
4,510
.>
123% June 3
75 Jan. 7
107% Sept.
15% July
72
11
1
5
94% Jan. T
54% Aug. 5-
Nov.
Nov.
33
83
4
2,159
28
2S
23
147% May 27
500 103% Sept
500
Feb.
8
765 18 Mar.
1,401^ 14
June
1,300 24 June
26.240 54% June
Ohio Central
Do
24% 25
Do
21% 22% Wheeling & Lake
61% 64%'
Do
17
pref-
35% Southern Pacltlo Co
50
75
L.
pref.
Richmond & West Point Ter')
Do
pref.
Rio Grande Western
9
•37
6%
7
21%
61%
Sept. 15
3o6 30% June 31 51%
100
7 % J line 22 20
500 xll9%Jau. 15 151
100 119 Jan. 2'i! 144
868 95% Sept. 16110
170
15%
978 July
56%
35 Sept.
500 20% Jan.
27%
80
1,235 69% Jan.
110%
2,763 120 Jan.
200 95 Jan.
112
1 St prof.
24%
New York Lake Erie &, West'n
57% 58%
Do
pref.
42% 44 New York & New England
'235
244 New York New Hav. & Hart.
18% 19% New York Ontario Western
18
18% New York Buaquehan. & West.
^•69
70
Do
pref.
10% 10% Norfolk & Western
40
40
Do
prof.
18
18% Northern PaolUo
50
60%
Do
pref.
22
23 Ohio & Mississippi
40
40% Ohio Southern
•20
•60
41
44%
445^
82
82%
13%
23
43% 44%
82% 82%
109% 111%
4278
81
109% 110% Am. Sugar Eef.Co
10378 10273
Do
123 124% American Tobacco Co
103 103
103 103%
123% 123% 123% 124
110% 112%
96% 97% 96% 97'8
42
43
407^1 42%
123 124% 124% 124%
66
68% 67% 63%
112% 113
112% 11278
137% 139% 139 140%
114% 115% 114 115
44% 4458 44% 445^
94% 94% 94% 9iH
1278 1278
127g 13%
19
22
pref.
Do
pref.
96% 96% Chicago Gas Co., trust reo'ts.
40% 41 Colorado Coal & Iron.
,
124% 12s Consolidated Gas Co
67% 6778 Distilling & Cattle Feed'g Co.
112% 112% General Electric Co
139
114
44
1393tiNatlonal Cordage Co
114%!
Do
pref,
44% National Lead Co
93% 94
Do
12% 3 278 North American Co...
•19
22
297» 2976
30% 29% SO
52% 525^ 5278 63% 51% 52
197% 197% •197% 199
ins 198
•84% 85% *i4% 85
84% 84% 85% 85%
36% 36% 36% 37 'e 37% 38% 37% 38
^JCO 105 •100 105
100 105
100 105
44% 48% 4438 48% 43% 45
41
44%
8>l8 90%
3iSiJ% 90
89% 89% 88% 89%
•
Iheee are tie prices bia and asked; a sctl«.m»d«,
J
*51
•197
.
Sept. 15
Aug. 8
Sept. 23
Apr. 2
Sept. 16
76
35% 35%
•16
10778 1095t 10878 llO'a
6638
13
*19
•6%
...
16-
21
July
110% Jan.
71% Nov.
104 Feb.
84% Aug.
1237a Mar.
12178 Mar.
95
Oregon R'y & Navigation Co.
Oregon 8h. Lint>& Utah North
16% 16% Peoria Deca'ur & Evansville.
4Wi
63 'b 55% Philadelphia &, Keading
171,850
75
'16% 18
•38
& Texas
Do
pref
Missouri Pacltlo
Mobile AOblo
Nash v ChattanoogaASt. Loiiif
Now York Central & Hudson.
New York Ohio. & St. Louis ..
73
31
25
34
Kansas
14
4 154
59%
20,124 64%
1,650 20%
2.200 14%
3,195 104
29-
4
Jan.
15% Jan.
33% Jan
40% Jan.
80% Jan.
21% Jan.
Nov.
6278 Nov.
15% Sept.
I
44%
*121%122%
94% 95
•70
•75
17
102% •102% 103
123% 123% 122 124
•102
51%
23%
5638
H
17
5078
•23
MIssoui'i
pref
<te
41% •40% 41
39%
»*16'4
16
16% 16% 16%
•11
III3 •11
12
11%
Z 25% 25% 25% 25i» 25% 2538
1973 20>4
19% 20=8 19% 23%
63% 63% "eaia 63
63
64%
•16
233
19% 19%
18% 18%
70% 71
13% 13%
9*8
39%
25%
14%
IIH,
113%
,-
n
5S% 60%
44
44%
238
Do
34
•72
•73
64% 64%
1.121a
60
•15% 16%
2475
197^
Michigan Central
Minneapolis <tc St. Louis
•85% 83
110 110%
15% 16%
88
110% 111
"41" "o'i"
6% •6% 7
*112ia 113>a
35 14 353e
39I3
33% 34
•85
62%
240
108
15
•33
26I4
19%
J
prof.
& Mich. Southern.
L'>Dg Island.
LiiulBvllle & Nashville
Loulsv. New Alb. & Chicago.
Louisville St. Louis & Texas
Lake Shore
64%
44%
9
9
S
Feb.
Jan.
Jan.
Jan.
23
Jan. j5
27% Nov. 22
117 66 Jan. 6
1,900 12278 Jan. 8
3,200 133% Jan. 19
600 15 Sept. 22
3,150 45 Jan. 8
85
4 June 23
pref.
Do
44% 44%
•14% 14%
24% 25
57% 58%
59
4478
Do
Lake Erie & Western
19 145
425 103%
44
a
64% Mar.
15
16
75% June
4,772
10
1,950
Iowa Central
II
*12a%131'» Manhattan Elevated, cousol.
35%
43%
pref.
Cleve. Clnoln. Chlo.
4^
678 Jan.
101% Mar. 12
26 94% Jan. 12
8
Jan. 12
8
Jan. 19
Jan. 20
31.
23,965
3,865
34
111%
141%
4,577
pref.
Chicago Rock Island & Paolflo.
Chicago St. Paul MIdb. & Om.
Do
96%
75%
21
524 120 4) Jan. 19
Evansvllle ATerre Haute
Great Northern, pref
134
102% 103%
69% 70%
24% 21^
26
26%
5834
78
•32% 35
pref.
ClUoaKO & Northwestern
116
24
77
130% 131
55% 56%
21% •20M 21% •20
21%
6OI4 •60% 61% •60% 61%
9
9% 9's
9% 9%
9%
42
107
•44
88
Do
79% Chloaeo Mil waakee iSi St. Paul.
122%
Do
pref,
24
76
14% 14%
25% 2514
58
101
95
60
2,640
2,463
50,197
. .
49
"10
"30
•32
2558
24
76
34I4
2.'i,996
<St
101% 102% miuolsCentral
•18% 19
•70% 71%
•10%
•10% 11
11
lOk
40ii •3!.% 40% •39% 40%
I8I4 •18% 18%
18
13
•40
105
"
3414
•85
240
1>%
*20ia
6138
•40
•105
35
83
*32i4
26i«
6278
4414
•70
lOia
4OI3
1814
5138
4114
IS's
5914
14% 14%
24% 2533
68% 53%
11034110% llOSgllO^
•15% I6I4 •15% 1614
•73
•75
60
79
19%
41
*70
64
7
63
7114
517o
S5%
£9i8
»33
242
51"8
*23
•161a
'
26'%
63
14% 14%
24% 24%
100% Chicago Burlln^on Qulnoy.
69% ChloaKO &, Eastern Illinois.
81
130
;
14%
2dpre(
do
& Alton
16% Denver &KI0 Grande
52
52%
Do
pref.
•434
5%
Va. &Ga
30 33 EastTenneesee
Do
let pref.
•9% 11
Do
2d pref.
53%
5%
33
Do
Cflloauo
& St. L...
Do
pref.
27% 27% Colnnjbus Hooking Val. & Tol.
70% 70%
De
pref.
132 132 Delaware & Hudson
151% 15178 Delaware Lackawanna & West
'16%
71
•9
63
43
119% 119%
60% 61
120
131% 132%
151% 152
16% 16%
53
650
4 Apr.
5,705 92% Oct.
1,035 86 Oct.
1.550 54% Sept.
l.n97 111% Jan.
8,065 21% Sept.
10 59 Jan.
38% Jan.
50 139 Feb.
New .Jersey
Ciiesajieake <Sc O., vot. tr. cert.
1)0
do
l8t pref....
Highest
32% May 21 46% Jan.
45,145
Pacltlo
Do
80
48
82
•30
cSc
CiMirral of
14li
99%
68%
100%
78%
122%
115%
60% 62
98% 93%
27% 27%
71
478 Atlantic
ISOa.
1,
sales In 1892,
Lowest.
RR.
96%Biltlniore& Ohio
190
90 Canadian Pacific
56% 57 jCinarta Southern
"60
•40
81
Week,
Shares.
96
23% 23%
119%
61% 62
33
10
STOCKS.
StockK.
36% 36% Atchison Top. & Santa Fe
100% 101%
70% 71%
10014100% 100% 102
7958 80%
79% 80%
I2314I2314 '122% 123%
115% 116
115% 116
'141
142%
•71
"71
75
75
13213 1321* 132% 133%
15178 15178 15178 152
16% 17
Tliursday,
5
*
'142
63I3
68
673j 6HI4
100 IOOI4
E*99!^ 1(jO
S 8OI4 SOI2 7959 80^1
123 123M 123% I2314
116'4 llti'4 115% 116>4
1411s 1411s
"i2\ 81=8 821s
E'823^
_ 50
50M 49% 5014
,
36%
Wednesday,
Nov. 23.
Aetlve
147
Xl01%102ie 100 =8 102
62 13
Tuesday,
Nov. 22.
Range of
Sales
of the
*19
22
28% 29%
pref.
Oregon Improvement Co
197
86
199
86
3",3o6
Paciflo.Mail
Pipe Line Certiflcate8§
199
,.
Pollmau Palace Car Co
from
boCli
25,000
110
Silver Bullion Certitloates.... 108,000
36% 37% Tennessee Coal & Iron
100 105
Do
pref.
40
42% United States Rubber Co
8678 S S% 'Western union reiearaph.
(Prioea
6,245
1.152
138,830
823
4,350
139
36,435
14,555
13,680
151,207
10,936
25,807
4,080
11,839
2,223
3,885
fixoUaagea.
x.Bi Olvidend
6,200
23,717
16.669
32% Jan. 19 4778 Aug. 1863% Jan. 19 8678 Nov. 11
78% Jan. 19115% Aug. 2519(
90
106
96
71%
28%
102
44%
104%
91%
100
Jau. 19 107%
3 120
Oct.
Jau. 13 115
Jau. 2 99%
May 24 43%
Jan. ^f< 123
Mar. 9 63%
July 7|1197e
Mar. 7 140%
Jau. 4,123%
Aug.
Nov.
1
Oct. 26.
7
Nov.
5
Nov. 25'
Oct.
Oct. 2ft
Oct.
7
Nov. 2S
Aug. 11
30% Mar 24 43% Oct 27
81 Mar 24 99% Aug. 2 a
11% May 13 13 '8 Jan. i
19 Juue 14 29% Jan. i.
29% Nov. 22 40% Jan. ,4
50 Oct. 17 61% Jan. l2
184 Jan. 4 200% May ll
83% Aug. 12 95% Jan. 4
31% July 11) 50% Mar. lO
92
3)
82
Apr. !?
Feb. 23 103
i^^i Nov. l9
Nov. IH
Jan.
11.
100% Aug.
1
a
.
November
»
i
.
.
THE CHRONICLE.
34, 1893.]
887
NEiT ¥•>«« STJ3IC E>C !HVSUE P.llCKH (Coiitlnae1)-W.lCr/C« STO'^KH.
H
All'
;
llu-iiHi V .>
Itroiiklyii KlfvnUil 1|
BiilTiilo Kcii'heati'r )! I'lttsburt;.
ITcfiT!-.-.!
Burl. »'. iliir Kniilil* A .Vor
tVilnr I'iiUhA .MIiiiioHota
Central
I'.ioillc
CluTeliiiiil .V i'ltlHburK
Colniiibin .^ liroeurllle prcf
I><M Mniiu's .V Fori Uudi(e
rrerKrr.Ml
Dulutli lio. Miuru A Atlantic
PreterriMlH
Flint
A
Hore Mnrquotte
l'ri>f<>ri-.Ml
OiMirahi I'.icllloTI
dr. Itiv Wlii.&St
ino
Kb
PC
i:i9
160
KHl
>0U
100
100
&
Kiiiitiwlin
.to
164
lOU
100
100
II. 100
100
100
100
100
!29
Mlcliluaii
KvAusv.
It St. L.
Prcferrt'd
N'mlonal
Worn* & Essex
V. Y. Lack,
Western
i-
4
Pitts.
\Vt!.tfni pf
A
Kcnssflacr
32
OKileiisbiirKb
Mar.
Feb.
36 Jnn.
H.5
Oct.
7'^ Jan.
7
Oct.
2H Hopt. 3.5 Jan.
1.^0
Jan. I.5tl>«Oct
10'4 0ot.
y'l"* May
30
6
14
31
6
It
5
Juir
1 1 >•
An»?.
Miir.
2.5
1
Fell.
35 « June
2s»i Apr.
80
7
Mar.
Jan.
«7
7
IS"*
16
;
Nov.
8%
June
Oct.
Jan.
96
Jnly
10.% Apr.
4 May
Mar.
14 Jan
6 Sept.
I6>4Ri'pt
May
May
20 Kept. 20
50 Nov. 60
77 "t Feb. 100
100 Feb. 112><
60
9)
3)4 Mar.
6
155
143>« Jan.
1073. Apr.
50 3.
100 175
100 till
Mar
1.5
50 « May
June
8
61
11
Apr.
Apr.
Jan.
AllK.
I13>«July
26 Jan.
61 Sept.
1.5% Jan.
Apr.
8cpt. 153
4538 Apr.
Oct.
152
37 S 35
18» 164
170
Jan.
Jan.
lllU 110
Friday ; lateat price this week.
t
Ant'.
BECURiriES.
to
16
10
196
Cla.«s H. 58
Class C. 48
Ciiueiicy funding 48
Arkansas— lis, fuud.nol.l800-l»()0
5
7
190
8
do. Xon-Uolford 160
Arkansas Central KK
5
1914 105
lAiuislana Ts, cons
7s.
—
Stamped 48
MIssourl-Kund
New York
19, 1893,
is
94>s
1834-1«95 102<«
City
Bank Statement
We omit
as follows.
Capital Surplus
:
:
:
1
'
1
:
„ »
2,000.0
2,050,0
2,000,0
of New York
Maubattau Co
Bank
Mercliaius'
Mecliuuicd'
.Amerii-a
2,U0<>,U
3.000,n
l.ono.o
1,000,"
750,0
PhooU
•City
9
11314 June
1,960,0
l,»49,g
44!<,0
4,.513,0
1-A57J,'i
300,0
3aa,'.!
400,11
<»reeiiwi.;h
20
,0
XiOarhcr Mannfac'r.s
Vafhiual...
800,0
300,0
York.
1,'.!00,0
Americaa Exch'ge..
<^ommorce
*«veuth
£tate
New
ttt
l,lil«,»
1,7.40,0
7,052,8
7,702,0
17,490,5
£atchera'<ft Urov'rn'
Mecha'itca*
Trad's
&
2.774,2
11.630,0
ll,«3ri,ll
097.2
2,008,3
2,105,0
30l>,0
B()0,0
1,'HK),0
Oallatlu National.
63d,0
1,400,0
681,0
735,4
929,0
1,1163,6
•^«76,0
24,3l«,3
3,76 i,:
N.
345,0
4,1.<8,0
1,1.32,0
13,503,4
323,0
1,37:,4
524,1
25 A 7
820,'i
2l>0.o
1.011,2
2,84",o
21^9
186,5
2^6,7
1,182.1
»,2"H.l
1. 'J 13,2
3-3.5
»,'J3i,o
2,554.3
13,-82,U
1,680,9
ll,77/^,»
958,
) t);<,9
l.U4,7
665,1
S,63'.i,l
67<>,1
7S.9
520,0
1.7o«,li
3,390,8
5,000,0
5,000,0
2,2i3,2
l<S,'»-,0
3.M»,7
433,4
1«<,7
919.0
1,760,9
1,0
..
12
19
..
.
Rovlon,*
Nov. 5
City,
durptiu.
—
"
12...,
"
19
"
•'
Loaiu.
12....
19...
35,793,7 108,744,0
35,793.7 107,900,0
35,793,7 10-',321,0
1,357.«
661,0
983.V
6.377,0
8,'.:01,0
8.02.'.r.
Oahaba
447,9
2,«76,8
1!21,7
502, ti
3,549.1
Repii bite. ...........
l,SO<Vi
87(i,4
11,3U,4
1,850.1
I,l>79,8
lZ,<t)i',(i
460,0
873,5
330,8
6»0,B
1,794,3
5,HbO,e
2,283,0
5,074,H
1,048,5
222,
6.'.;3J.i1
6»'i,7
610,8
446,2
621,7
15,54-i.V
4,376,5
83.<,3
Ch. Jiltl.AS. Yds.—Col lg,5»
Colorado Pool—Gen. 6:*...^..
C'ul. A Hock. Cod <& l.-6';g
Oonsoru C'-al— Convert. 6s...
Cous.Uas Co .rhtc— lat Ka.5s
33.1,2
•2,M5,0
446,2
276.7
2,7B,».7
216,3
610,4
2,»2 7,(i
4,197,3
305,9
2I'A0
414,H
591,9
668.1
3.W14.0
4,470,4
2,17«,'J
101,
4'J0,7
'.',41'."
47(1,0
700,0
1,000,0
50l>,0
600,!i
•(Jlttjclja'
Nassau
600,0
760,0
600,0
Market Jt Fultoo...
«t. MclMlas
*hoe
*
Leather
51)0,0
1,000,11
Corn l<:icU.iuge
<'onttiieiital
OrlnuTal
A
nipuitera'
i-ark
K;iit I! iver
J
1,000,0
300,0
Trail's
1..50(1,0
•/,OllO,i'
2,S97,7
13 •,l,87i,0
.s'ailcinal.
'-!,000,0
577,8
250,0
.nal..
.a...
!.
ri,,i., .^:.;l,„|al
.N.v. .Nal,
Bowerv
'
Kxchange
(I'M
I
Natliinal
ATenae
klxchange..
111:111
'i'-l :m
lii.;.
M.ia
;
.-s.a'ca
l.U.C. Ill
.liarllcM
Fitth .National
Bank
West
(if
...
the Metrop
.Sale
Seabo.ird ...........
Hlith .National
Western National..
Flrat
.N.^t.,
Hr'klyn.
-Southern NaUoaol..
Total
201,1
7,030,5
1,000,0
8.>,4
300,0
16<.l
2.5I>,0
615,5
559,9
276,1
200,
740,
60O,
100,
30ti,.
200,0
600,0
800,0
200,0
200,0
300,0
200,0
&OC,0
800,0
2,100,0
300,0
1,100,0
6,09«,«
Hoboken Land
Imp.- g.
J^
.National Staru'i
7,;i'U.ii
B,73.),0
)6«,3
4,980,0
3
tS-.S
'J.O.il.ll
Northwestern T legratih— 7s
Peoria Water Cj.-6s. g
l,i«6/,0
24,11 :,o
'24,l'28,fi
«,Jt>'',
l,'i4:',B
l.l.M.O
18.077.^
45,2
3,97
1,5C2,0
9dV,U
67«,»
3,399,4
eH3,»
249,9
1,114,6
27,v,6'.J,3
1.04.'i.7
2',3U5,4
4,V9),I)
l,5liO,«
y,<HI6,0
3,0 8,1
2,86l.K
909.3
681,0
(44,9
6a7,3
891,5
469.8
a»j,4
72d,»
360,»
206,7
347,4
246.7
6.359,_
2,905,0
llrt,'
645,0
700,0
401,3
2.S1",0
6,569,
l,Ol4,5
231,
271.1
1,6 '1,9
6,'M!1,
791.0
S,04ii,
4,2S3,
1.970.
4.641.
2,295,.
4,tl44.U
1,8:0,0
11, til, 1
4,Mi>0,0
a,43'i.v
.'V
1,I5',0
107,11
9»8,2
3ti7,0
93i<,0
220.0
2,0i5,«
1.019,8
164.1
905,8
3,8«0,9
20.140,2
71i>.4
5.'/85.5
239,H
195,0
l'JI,<
241,8
l,'.'6l.«
4511.8
America
Am. Kxcta...
Bowerv
Broadway ...
1.411.2
ButchV.tDr.
3,201,0
3,539,1 l('eutr.d
2,72",3 ChBHC
14,3i'6,7
5
t
i^ma,!"
ll««,8
4.33'>.0
298,U
1,958.7
Chatham
''11™!'.,'
Hilt.'t
870.9
660.3
438,2
668,
324,7
853.0
671,8
8M>,0
375,0
1^6.0
V9».f
[
.4....
216
157
16.»
.116
.'73
.til
18»
138
100
142
450
412 425
4400 4SO0
430 <8l
155
1,5«7,0
60.483,7 68.238.6 444.222.8 77,763,8 89,846.4 452.1l'5
10-<>3b
100
iLa..il
165
20s
111. 13 1
•.. 11.. 'i60
U5
112
160
130
160
luviir..
nth
2(H)
14
b.
101
b.
morl. Income
g
Coiiaol. 6a,
Income
64<ib.
5.H
8 b.
98 b.
.
Mem ACharlMton—CoB. 7 g
" a " price oslud.
{Bid.
310
OaPatln
GarneUI
*
;
Lata it price tbts
1
bank stocks this week.
BANKS. Bli). Aak.
New Y>,r»..'/SO 140
(86
Ask.
355
Im.ATrad's' 60O
630
Irving.
180
246
...
I,eather Mfs' 331
120
I.lac.la
1.
>'•-••
M
I.V.V. Co'nty 630
|N.Y.Nat.l.-l3l)
.....
380
ae'manla....|330
ureenwlch.. ISO
Hanover..... 3kl
Hu'i. Ktver.. 160
l.M-i^
1
1
40')
German Am. 135
OwnianEx.. 330
•"l.llh
,.16
19th Ward.. 170
j.S.
.
.
1M-.
1ist.S.,8.I. SS"
4th street.. 170
.... '235
-T-1*
l«0
..
Park.
Peopla'a
S06
sso
136
.>radneaBx. lat
1S«
3M
II.. ,...1.11..
I-T-I
••
1*4
ISO
..M.
.....
.
-.
,
MeruauUle..,22'J
Merahaaia>..!l49
l23}
,
Shu«,t
163
SkNIci
saaleoi
'«a«s.tt
....
ii...
—
liR
'
.a
T.lr.l
-
irj.'....:.,
Woitctu
— Wa<t
.175
.,(1
.
Jdarcb'URi 'ISO I14O
7
MetropoV
'SCarray
207
.••***
PaeUo
PhenU
.....
'""
140
136
America. 165
Oriental
•
Metrop.'
t-\n\
1201
b.
87 lab.
100 b.
118 b.
g.
A
.»!
Ward...
MtthAvo.... J(K)0
rifta
2<6
.'oorth.
b.
BASKS.
A«k.
280
...
2,143,(1
4,77'4,0
sa
104
UnlUierf Band*.
Vlcks.—Cousol. 6a,
A Merld isi 6«.
A
06
lis b.
List.-—Latest prices of
213
266
106 b.
Chart.— 1st 7a....
Comstock Tannel-lui-. 4s..
Georgia PalBc— 1st 8s g....
'.2d
Mfg.— mui.
Bank Stock
BANKS. Bid.
H.S1I0,II
0,2(),S,«
A uamble— 1st g. 6>
Secarltr Cur.lst o<m«. g 6s.
We*tern Unloo Teleg. -7«..
Wheel.I,E,lfcP.Coil Ist(.6s
Vloks.
Allan a
110
NOTL— "6"laJl atcjpr.ceUi;
10.1111,3
prices.
MlneellKaewMa
.ad^.
People's Saa <k C. ) ;»t g 6s. 106 b.
Co Cbioago ... I '.'d g. 6s. 10t>*i>.
Plea^. Vallev Cod-lst g 6a.
l>7
b.
Ala.
5fl
S.fiOO.O
613,11
a47,fl
b.
10>
.Mutual iroiiin Teleg.— 6s. g.
»55,t-
!<,172,-.!
Bostoa and Phils-
Pr-c'.er
llenilorHoii Bri.lfre— 1st g. 6«.
444.0
430,0
769,0
t iQClodlnit. for
89,161,3
67,4«9.l
74,741,0
,
110
92
Denv. C. Wat. Wk».— Ooil.g.Ss
Krtlsdn Ele.\ 111. (Jo.-l«t 5« . i09'
Eti.ltablu a. Jt K.-Ut6*.... IcO
17,3<)3,0
2.878.11
3,324, .1
1,190,5
1-J,787,"
141,0
!l,ni?,7
1,1 '.iH,*
.
108,034.0 3,»72,0
107,'i9!,0 3,59J,0
8«
*. 5*.
^
C0.1I Mlu.— Irtt g. 78.
K,089.8
1.180,8
8117.9
I7'J,
100,4I>6,A 3,5-3.0
Ist con
4,tf41,9
3,09»..5
3:4,406,0
2,»K)3.1l
6,2*S',0
3U0,|
7S0,n
600,0
New York county..
Oerman. American..
Flfih
R,6U.M
3,2(10,0
N
Chise
259.4
1,231,6
2«",?
421,
-.'ational-.
.
i'c.'irlli
8'»8.5
12tl,4
•
Xisoellaneons and Unlisted Bonds.— Stock Er.
l,0t(!,2
Hanover
CtrxTii Cltarintt.
I
•
27,6^3,0
28,379,0
Mlacellaiiennii Bou<l«.
Amor. Water Wurks-lst
1,561,9
JrviuK
DepetUt.
28.0'»»,0
• We omit livo civ^ert in nil thfsf fibres.
delphla. the Item "dae to other banks."
0,l»
Norih America
*
64.612,9 163,803,4 10,327,6 6.130,9 148.120.4 4,926,1 lt4.086,S
64.(^2,9 164,H2!,8 10,:'3«,0 6.094,9 147.8I'1.« 4.931.1 95.1603
64,04'2,9 164.701,3 10,384,51 6,V62,6 156,348,0 4,9lM),4 1 6.479.3
..
4J2,7
•/o»,«
httalt.
$
128,6.'6,2 4.52.333,9 70,«49,S 46.904,4 460. -8.';, 1 5.811,4 876,008.0
128.650,'.' 44B,ll-.>.8 7'J,860,» 46.305,3 457,050,1 5,836.3 760.238,1
128.65i,2 H9.019,l 73,070,0 4'2,96'',9|455,>'41.6 5,6.'.3.4 808.786,9
1'28.656,-J 44.1,9Jb,8 75,14.1,0 40,437,6'451,6O6,4
866,536,4
128,65b, 'i 444,2'22.3 77,763,3 39,840,4 45'i,S95,l 5.6diKl 783,671.8
1,000,0
•Cbatlia u
Peoiile's
aftcif.
I
Mercantile
Racine
957,«.
Bid.
Boston and PliiUiielphia Banks:
17.706,0
n.8.1,8
Broadway
2.5.
SECURITIES.
«
Phiia.*
Nov. 6...
•2,y'in,v
S<>-.t, 1
:,«72,6
2,76",0
..
5
"
4.:-,7i'.8
4,'(04,»
4.14,7
..
20
"
34, let.
4-13,-
•<
Oct. 22
Nov.
10,900,0
11,480,0
6,981.9
6,765,0
1»,041,5
895,0
6,»4.'<,«
63>«Oct
148% Not.
B.C.
Y»rk.
"
2.94', 1
4 HO,"
5,81»,1
a. '2,7
15 It Mar.
(contl— Bronnconsol.6B.I893 97
Tennestee - 68, old
1 892- 1 898
62
Compromise, 3-4-5-6s
1912
72
New settlement, 68
1913 103 105
6«
1913 101 105
3>(
76I« 77%
3s
1918
98 101
Virginia—6s. old
1221* 127
68, consolidated bonds
102
68, ooneolldaied, 2d aeries, reets.
3»»
3
Os. deferred t'st reo't*. stamped
6% 7««
ZIBANKS.
Legal*. Depotilt.
Ask
Bid.
1893 100
JAJ 30
1900
10
15
1898
3
New York
all cases.
$
1,690,4
3,897,3
I9a,4
e,98»,»
1-7,4
1,56 ',0
Tradesmen's
Chemical
MerchautA* Excb'ge
8
4% Jan*
22>« Jan.
I
weekending Nov,
two ciphers (.00) in
$
27 « Not.
74 >» Not.
28 Not.
27 Mar.
83 Jan.
42 Dot.
46 « Feb.
\l Anc
45i« Jan.
300 >• Aa«.
118 Jan.
87>« An*.
I
Special tax. Class I
1910
Consolidated 4s
1919
6s
Rhode Islaad— 6s, con. .1893-1894
South Carolina- 6s. non-fund. 1 888
Specie.
20% Oct
100% Nor.
'1
Chatham RR
Loam.
03>«Jni>«
lU>«Oel.
112 Nov.
IHi^Jan.
175 Hot.
:
Banks.
(OOsoiulttod.)
4n>«Jnlr
An«.
•)•«
July
li>«Peh.
100% Nor.
17.1
I
SECURITIES.
for the
ViHrnk.
lft3H Hot.
00
63
100 :i22>t 138
100
81)
aa
Jan
Bnmnwlck (.'oiupany
100
7>oJol7
,Cblc. June Ky. A Stock YarJs. 100
72 Apr.
Preferred
100
8019 Jan.
CltlzenH' Oan of Drooklyn
100 113>4 118% »4«4J«n.
i'olora<lo Kiiel prcf
100 111
lis
90 Aug.
(!nluiniuH A IfiirkInK Coal
100
13 May
Coiniuerclal Cable
lOO
148 Jan.
(,'onsol. Coal (if Maryland
100 39
28 Fob.
KillMin Kleclric llluiuiuatlnK. .100 :io8'. 100
79% May
'Liclcdo Oad
100
25
26 >« 17'4 Apr
Preferred
lool 78
57 •* Mar.
I,ebUh .k WlIke»barro Coal II
28
19% June
Maryland oal
1 001
24
36
21
Oct
Minnesota Iron
100 ; Oils 70
67 Nor.
.National Uns-^sd Oil Co
100 ! 39>« 89% 27 Jan.
National Starch Mfjf. Co
100
32 Sept.
INew Central Coal
00 lo% 11'
10 May
lOntano Silver MhiluK
100 20
16 Nov.
Penusvlvnnla Coal
60 280
275 Ffb.
I'P. Lorlllard Co prcf
100
1114
Fob.
PoKtal Teleifraiih— Cable V
79
85
37 Jan.
iQulokiillver Mining
100
8
3% 3>«Mar.
Preferred
100
IB
2L
16 Mar.
Texas Pad Qc Land Trust
100 13>«
13 July
U. S. Express
100 t 58
44 Apr.
Wells, Fargo Express
lOO 145
148 |140 Jan.
'
t
Aotoal soles.
Ask.
Bid.
33% Mar
14a>tA|ir.
43 Feb.
116 Feb.
Ainer. i'cl«r<rapb
1000 1021s 103
New York— 8s. loan
1906 105 <« 106 >4 North Carolina— 88, old
1906 95 100
Fun-liuR act
1920 95
New bunds. J&J
1892
5
10l«'jalr
inlr
40 Apr.
Mar. 151
JuM
75 July
70 Mar.
1
Mar.
4>tJaB.
17% Jan. 32 SepI
fi<«Jan.
26 FeV.
lUO
NEW YORK STOCK EXCHANGE VKICE^.-STATE BONDS NOVEMBER
.Alabama— Class A, 4
Itigluwl.
Jan.
12>«
Amcrloau naiik Nolo Co IT
imerlcan Kxpreaa
A Cable
,1
Mar.
Jan.
15»ii
87
I
Ann.
AUK.
Sept.
3
lut pref
»
SI
S8
niarallaneona Stock*.
AdamiExpi^M
100 160
IM Auk
18
8
1'2>«
St L *8an Fran,
Jan.
Jan.
Jan.
lo»ul.
Aak.
33
loo 150
100
too
100 2ft
Sonib Carolina
Toledo Peoria A Weitern
41% May Toledo St L. & Kanaa* Clly 1
8M% Juno VIririoU Midland
8I4 Apr.
'5
."iaratotca
No (rice
'
102
3.%>i
9
100 : 2.«^
N. Y. .t .Nortlicrn viref
Norfolk Jt SoiUliPrn
100 68
Peoria .V Esmeni
100
9
Plttn. Ft. Wavne li Chicago.... 100 1S3
Bonie Wat. A
1:10
May
Jan.
78%
50
60 103
100
60
100
Slabouini; Coal
Prcfprrcd
ile.\lc:i!i
Jan.
»7>i
28%
20
-ii
3'4
68
!2S
BM.
onllatad.
4t JoMph * (Iraod tiiland
100
St U>nU Alton * Ter. UiiUla...lOu
Feb.
16.5
10)
31
1
34"'
36
100
100
100
100
lUO
100
100
Cons. 100
100
l'rff«rri-il
IcOiiljiv.
f ladleatoi
aam0i fmUmt t» IMf.
it»»,i».
tXAcnra Stock*.
WgHigl.
r«i>.
f\ Indleatt* aetua tala.J
Prrterred
tr.rco....lOO
1'.
Des Muliics
.<i;
100
"si"
lIoiHiHi .k IVxna CiMilrul
II iniil-< I'piitrul loa»«(l Ilu03
Ki'okiik
Lowttl
A*k,
Niork*.
luchiiiiiiii
100
ilotlii Air I.liioTl.KH)
Hill. III. pri-r
\<M
\. Air l.lue i>ror..lOO
'
1
At
11.
Bid.
Iiidlontoii iinllAtcd.
nnHroad
Rangt f$alu) <n 1809.
Xot. 30.
IXACTIV* 9TOCKII.
1,
Hide
.
.
.
1
....
113
-o
IV5
^45
tCO
F
J
THE CHRONICLE.
88b
Monday,
Saturday,
Nov. 19.
Indicates unlisted
A 8. Fe fBoston). 100 3714 37^
'
4% 4% *
Atlantic A Pac.
100
Baltimore & Ohio fBaUJ. 10(. •9614 97I9
•132i«
Atoll. T.
"
l8t preferred
Nov. 21.
Tuesday,
Nov. 22.
3678
37»8
5
3678
97
97
100
"
100
Boston) . 100 2041] 2041s 2043g
184
"
100
Boston & Lowell
"
100 175 175 14 175
Boston & Maine
16%
"
Central of Mass.
100 •16% 17i«
•44
45
"
Preferred
100 •44
10058
"
ChlcBnr.AQnln.
100 xl01»el02
80% 80i« 79%
Ohlc. Mil. A St. P. (Pha.).lOO
45
43%
Cilc. A W. Mich. (Boston). 100 •44
•5
"5
6
"
100
CleTC. & Canton
"
Preferred....
100 •181s 191* •18%
*
84
84
"
100
ntohhnrg pref.
*
"
100
n. A Pere Marq.
"
100
Preferred
Hont.ABr.Top.rPAOa;. 50 411s 41% 41%
56
"
60 56% 56%
Preferred
57%
*•
50 57% 5714
LeMgh Valley
127 •
Maine Central (Boslon). 100 *
1378 14
"
IS'S
100
Kexioan Central
44%
"
100 •4414 44ii
Y. A N. Eng.
97%
"
Preferred....
100 •96
irortliem Central riaJ<.;. 50 •66%
orthem Pacific (PhUa.) 100 •1838 1858 1838
51%
"
100 ilH 51''e
Preferred
181
CBo»^on;. 100
Old Colony
5338 53i«
5338
PennsTlvanla.. (PhUa.). 50
•32
33
"
rhlladel. A Erie.
50 «32
"
50 271B18 28 27lB,8
Phlla. A Reading
6%
Bammlt Brancb (Boston) . 50 *
"
100 3938 393f
38%
Onion Paclflc
•23014
•230%
United Cos.of N.J. rPWJa.JlOO
7I4
WestemN. Y. AParPAi/o.; . 100 •7
7%
(
.
.
initeellanecna Stocks.
Am.Bng'rRefln.TI rBo«(onj
"
Preferred
eU Telephone
Boat.
"
"
..
A Montana
Butte A Boston..
103
208
10( 207
34% 34^
25
"
IOI4
25
10»e
290
•285
•72%
Horth American. (Phil.). 100
18
West End Land.. (Bost'n)....
18
18
' Bid and asked prices; no sale wat made.
(Phila.).
"
"
"
let preferred
8d preferred
central Ohio
(Ball.).
I
27
8
.
WlBCOusin Central... (Po»(OT»)-100
Preferred
"
100
Worc'st.Naeh.ARoch.
"
100
HIHCELLAMEOUS.
AUouez Mining
(Boston). 25
Atlantic Mining
"
25
Baltimore Traction..
(Ball.) 25
City Passenger KR. . (Batt.) . 25
.
(Boston).
Centennial Mining...
Fort Wayne Eiectricf
Franklin Mining
"
"
"
"
Frenchm'ii'8 Bay L'nd
"
Illinois Steel
"
"
"
Hnron Mining
Tl
50
10
10
25
25
5
25
lOO
25
Kearsarge Mining....
Met.Trac. Co
(Phila.) ...
Morris Canal guar. 4. (PAiia.).lOO
Preferred guar. 10
"
100
Osceola Mining
(Boston). 25
Pnllman Palace Oar..
"
lOO
Onlncy Mining
"
25
"
Aunarack Mining....
25
"
Thom.Europ.E.Weldll
100
Unitfil Gag Impt.
(Phil.)
f Dnllated.
|
1378
44^8
97%
181
5338
•32
33
27%
28l5«
98
n
5078
S
5158
>
180% 180%
5338 53%
17
53%
5338
59
•
16
16
5338
53%
1
3178
82
10
5
72
84
51
112
87
62
78%
87%
I
20
16% 17%
•90
ll--^
27%
112%
12
28
53% 53%
58
58%
18% 18%
Bid.
.
.
MAN
Bonds.— Philadeli
legueny Vai.,7 3 los, Ib^v,,
JAJ
6, »«»
lAtteutic City 1st 5s, g., 1919,MAN
[Belvidere Del., Ist, 68..1902,
JAD
Catawissa, M.,78
1900, FAA
Clearfield & Jeff., 1st, 68. 1927, JAJ
29%|
5%'
Connecting. 68
1900-^)4, MAS
8% 9 Del. AB'dRr'k.lst, 78.1905,FAA
13
13% EHSton AAm. IstM., 58.1920, MAN
1439
469
Elmir. AWilm., Ist, 68.1910, J&J
Hunt. A Br'd Top, Con. 5s.'95,AAO
Lehigh Nav. 4%8
1914,
2d 68, gold
1897, JAD
13
General mort. 4%s, g.l924,Q—
Lehigh Valley, 1st 68... 1898, JAD
2d78
1910, MAS
202%
Consol. 6
1923, JAD
36>8 North Penn. 1st, 78.... 1896,
198% Gen. M. 7s
1903, JAJ
Pennsylvania gen. 6s, r..l910, Var
165
Coniol. 6s,o
1905. Var
10
Consol. 5e,r
1919, Var
CoUat. Tr. 4% g
1913, JAD
15
Q—
12%
135
36%
197%
139
164
62
And aoorned Interest,
MAN
I
Last price this week.
May 11
5 187
9 5739 Jan, 8
20 10% Mar. 8
36%
Sept. 13
31%
7
50%
Feb. 11
Feb. 18
Jan. 4
6 x;223%Mar24 232 June 17
7% Nov. 21 103b Feb. 18
200
1579
July 20 17%
Feb. 5 300
370 60% Jan. 4 73
523 43 Jan. 5 63%
1,911 43% Jan. 2 52
2.01b 104% July 7 11979
43 117 July 11 120
5 14% Feb. 8 21
130 48% Jan. 19 55%
54 50% Feb. 2 62
12 May 18 18%
2,811 16% Jan. 29 20%
Sept. 22
3,289 30
8,125
7
47 253
Ask.
May 28
8
Aug. 15
Aug. 23
Nov. 7
Nov. 25
Oct. 7
Aug. 10
May 18
Feb. 18
Oct.
3
Jan. a
May 10
Jan.
Sid.
Bonds.
.
Pa. A N. Y. Canal, 78. . 1906, JAD 128
Consol. 5s
1939, AAO 110 !.
104
Q—
Perkiomen, 1st 8er.,58.1918,
Phila.AEriegen.M.5g., 1920, AAO 113%
1920, AAO 10C%
Gen. mort, 4 g
85% 86
Phila A Read, new 4 g., 1958, JAJ
71% 75
1st pref. Income, 5 g, 1958, Feb 1
67% 68
2d pref. income, 5 g, 1958, Feb. 1
1
59
59%
3d pref. income, 5 g, 1958, Feb.
1893, AAO 103
2d, 7s
131%
1911, JAD
Consol. mort. 7s
Consol. mort. 6 g
1911, JAD 120% 121
ImprovementM. 6 g., 1897, AAO
.
82%
57%
Con.M.,5 g..8tamped,1922,MAN io4"|ibi%
1942
Read. AN. E. Is
1952
Incomes, series A
1952
35
102% Incomes, series B
100
Phil. Wiim. A Bait., 4s. 1917, AAO
Unstamped 1st, 68 .... 1933, AAO
K.C. C. A Spring.,lst,5g.,1925,AAO
75
K C. F. 8. A M. con. 68, 1928, MAN ilOO 101
K.C. Mem. A Blr.,l8t,5s,1927, MAS
40
K.C. St. Jo. A C. B., 78. .1907, JAJ
L. Rock A Ft. S. let, 78 . 1905, JAJ
92%
Loui8.,Ev.ASt.L.,l8t,6g.l926,AAO: 111%
2m., 5— 6 g
1936, AAO
Mar. H. A Ont., 68
1925, AAO
Exten. 6s
1923, JAD
Mexican Central,! g... 1911, JAJ
66
1st consol. incomes, 3 g,non-cum.
"ii" 27%
2d consol. incomes, 38, non-cum.
N. Y. A N.Eng,, Ist, 7s, 1905, JAJ
Ist mort. 68
1905,JAJ 111
2d mort. 6?
1902, FAA
ibi"
Ogden. A L. C.,Cou.6s.l920,AAO§ v.'.'.'.'.
Inc. 6?
„1920
Butland, Ibt, 68
1902,
2d, 58
1898, FAA
,
Sept.
!
(BosU>n).100
"
50
rec.H
100-year income 5 g., 1989.8ept.
A Mo. River Exempt 69, JAJ
Non-exempt 6s
1918, JAJ
Plain Is
1910, J&J
Burl.
A
Nor.
Ist
Ohio.
5,1926, A&O
2d mort. 68
1918, J&D
Debenture Os
1896, JAD
Chic. Burl. A Quiney Is ..1922, FAA
Iowa Division Is
1919, AAO
Chlc.A W.Mich, gen. 58, 1921, JAD
Consol. of Vermont, 5s. 1913, JAJ
Current River, 1st, 58. .1927, AAO
Det. Lans. A Nor'n M. 7s 1907, JAJ
Eastern Ist mort. 6 g., 1906, MAS
—
52
11258
117% 117%
•15% 16
Burl.
,
290
72% 72%
58% 58%
Iree.Elk.AM.V.,l8t,6s.l933,AAO
74
54
21 46% Jan. «
4 Mar. 9
579 Jan. 8
84 Jan. 6 100% Mar. 18
130 Jan. 12 135 Feb. 16
116 Jan. 18 123 June 18
199 Jan. 8 209 Mar. 9
173 Jan. 5 185 Nov. 23
159 Jan. 28 185% Oct. 17
15% Sept. 17 19% Oct. 27
33 Jan. 2 48 Got, 27
9539 Sept. 15 11058 Jan. 28
75% Apr. 2 84% Aug. 1
43% Nov. 21 55 Mar. 31
5 Nov. 17
8
Feb. 18
17 Sept. 13 23 Jan. 4
80 Sept. 12 92 May 13
17 Sept. 15 28% Mar. 25
68 Nov. 7 87 Apr. 6
25% Jan. 27 42 Nov. 21
46% Jan. 21 57% Nov. 25
50% .Tan. 13 62% Feb. 11
112 Mar. 14 137% May 17
135b Nov. 18 2438 Jan. 4
31 Aug. 25 58% Mar. 3
75 May 4 111% Jan. 9
63 July 13 69% Mar. 16
17% Sept. 19 26% Jan. 8
47% Sept. 21 72% Jan. 1
31
3538
1238
11%
Inactive stocks.
tr.
Highest
May
60 164% Jan.
53 Nov.
7%
290
1
'
_
109% 110% 20,535 7858 Jan. 18 11539 Aug. 28
102% 103
517 90% Jan. 18 107% Aug. IS
143 192 Mar. 29 210 Jan. 15
208%
18% 18%
18% 18%
183b
Lowest.
3238
2,384
4,371
.
208
59
58
10,080
33
•7
12
53%
1
233
181
3478
59
420
38%
230% 230%
290
5338
2,055
97
67
3779
50% 51%
113% 113%
117% 118
•117% 118
•15% 17
117
16
700
4379
.
Range of sales in 1897.
27 27l3i8 51,078 193,f Jan. 19
•6
6%
Mar. 29
5
209
58
958
124
53% 53%
72% 72%
72% 72%
58% 59%
49% 50
7
1,580
3,231
•32
6%
6% •6
3858 385b
38% 39
230% 230% •230% 231
738
7%
7% 7% •7
290
190
69
•
Kl
•32
33
28<i6 27i3ie 283,6
33
290
85
69
18% 18%
50
50%
•
•285
^'*2S
30
85
.21
•66
39%
290
10,226
42%
44%
18% 18%
53%
9979 10038
13% 14
•66% 68
181
•
53%
17
726
250
100
124
•97
51% 51%
71
175%
•16% 17%
41% 11%
57
57%
87
57%
13'e
44
185y
•183e
205
'18
85
1379
66
66
1838
51^8
500
100
78% 79%
•124
43% 445^^
97% 97%
4%
97
•5
85
126
14
126
14
127
50,459
•43
44
Boston,
Jlonds—
8.F.100-yr.lg.,1989, JAJ
50 "25'
50
50
50 58
50
Delaware ABound Br.(PAiia.).100
"
Har.Port8.Mt.JoyAL.
50
Kan. C'yrt.S.AMem.(Bo</on).100
Preferred
"
100
"
K. City Mem. A Birm.
100
Little Schuylkill
(PhUa.). 50
Manchester A Law.. (Po»/on). 100
Maryland Central
(Bait.) bO
Mine HIU A S. Haven (Phila.). 50
BTesQuehoning Val
"
50
VoTUiem N. H
(Posfon). 100
Vorth Pennsylvania. (Phila.). 50
Oregon Shon Line. ..rPo«(on>. 100
Pennsylvania AN. W. (Phila.) 50
Butland
(Po«(on). 100
Preferred
100
Seaboard A Roanoke. (Bait.) 100
1st preferred
'•
100
,
West End
,(Boston). 50
"
Preferred
50
West Jersey
(Phila.). 50
"
West Jersey A Atlan.
50
Western Maryland..
(Bait.). 50
"
Wllm. Col. A Augusta
100
"
Wllmingt'nAWeldon
100
Gas
Boston Land
81%
36=8
•13% 45
•18%
19i»
Shares.
205
41% 41% •41% 41%
56% 57% 57
57%
57%
57% 57% 57
42
56%
57%
Westing. El.
A Augusta "
100
Connecticut A Pass. (Bo«/<m).100
"
Connecticut River. .
100
State
•5
84
84
I3harl. Col.
Bay
'5
Water Power
Prices of Nov, 25.
Catawissa
41
Nov. 25.
•185
175
79% 80
80
Week,
•132
•120
*43% 44%
44
101% 100% 101^8
,.,,,
19% •18%
84
21
Ask.
Bid.
Atlanta A Charlotte (Ball.). lOO
Boston A Providence (Boston) .100
Camden A Atan tic pf.
44
10038
7958
103%
117% 117*
•16
17% •15
53% 53K 53%
M.Eng.Telephonef^oK^'n^lOO 591^. 59% •
Inactive Stocks.
45
Sales
of the
Friday,
•96
111
48
113
117
1131.
5
......
101%
b0%
43%
.SlXCH.lNftES.
36%
4%
204% 204% 204% 204% 204%
184% 185
184 •183%
175 175%
175 175
175
16% 16% 16% •16% 17%
59% 59%
48%
113% 112% 113
69% 59'«
47% 48
113
*
5
•96% 97% '96
•132%
•132%
102
•72%
731.
37%
3658
107''8
290
Thursday,
Nov. 24.
Nov. 23.
109% 109 1107e 109%
102% 103 103% 103%
207%
207% 208
207% 208
3178 3478
34% 35
31%
1058 H%
11% 11% 11%
107\ lOSH
'102
Oalmnet AHecla
"
25
Canton Co
(Ball.). 100
"
Consolidated Gas
100
rie Telephone rio»ton;. 100
General Electric. "
100
"
Preferred
100
Lamson Store 8er. "
50
Lehl'h Coal&Nav 'PhU., 50
Wednesday,
37%
•
•132%
2d preferred
oaton & Albany
[Vol. LV.
BOSTON. PmLAOEbl*«IA AND BlLTI.nORB STOCK
^r Share Prices — not Per Centnm Prices
Active Stocks.
J
JJ
Phil.
Pitts. C.
A St.
L., 7s. ...1900,
FAA 115%
Po'keepsie Bridge, 6 g.l936, i'&A
8chuyl.R.E.Side,l8t5 g.l935, JAD
Steuben. AInd.,l8tm.,58. 19 14, JAJ
United N. J., 6 g
1894, A&O
Warren & Frank., lst,7s,1896,F&A
Bond:.— Baltimore.
,.,
Atlanta A Charl., Ist 78, 1907, J SiJ
1900, AAO
Income 68
Baltimore A Ohio Ig., 1935, A&O
Pitts.
A
Conn., 5 g...l925,
70
106
102
106%
117% 119
FAA
Staten Island, 2d, 5 g.l926, JAJ
Bal. AOhio S.W.,l8t,l%g.l990, JAJ
108
96
CapeF.AYad.,Ser.A.,6g.l9t6, J&D 94
94%
Series B.,6g
1916, JAD
96
94
JAD
1916,
Series C, 6 g
Cent. Ohio, 4% g
1930, MAS 102%
Charl. Col.&Aug. 1st 78. 1895, JAJ
Ga. Car. A Nor. Ist 5 g..l929, JAJ 101%
1900, JAJ 111% 11473
North. Cent. 6a
1901, JAJ 117 119
68
1926, JAJ 111%112
"
Series A, 5s
...
1925, AAO
4%s
Piedm.ACum.,l8t, 5g.l911,
FAA
A Conneils. Ist 78. 1898, JAJ
Virginia Mid., 1st 6s. ..1906, MAS
1911 MAS
2d Series, 6a
1916, M&S
3d Scries, 68
4th Series, 3-4-5s
1921, MAS
1926, MAS
5th Series, 5s
West Va. C. A P. Ist, 6 g.l911, J&J
Wesfty.C. Consol. 6 g.l914, JAJ
WUm. Col. A Aug., 6s. .1910, JAD
Pitts.
MISCELLANEOUS.
Baltimore—City Hall 68 1900, Q—
1900. Q—
FandingOs
West Maryl'd RR. 6s.. 1902, JAJ
1916, MAN
Water 5b
1916, MAN
Funding 5s
iii" ii4%
112
111
105
99
108
85
118
113
111%
106%
99%
109
88
120
.
1930, JAJ 100%
Exchange 3%8
73%
Virginia (State) 33, vew. 1932, J&J
1900, J AD 109%
Chesapeake Oaa, 68
..1910, J&D 115%
Consol. Gas, 6a
1939, JAJ| 10138
5s
1913, A&O 110
Equitable Gas, 68
123
100%
74%
lie"
101%
PF«
..
..
.
November 30,
1
THE ('HRONICLK.
1H03.)
889
NtW ¥UKK STUCE EXCHANBE PRICES a:outlmmn.-AOTIVBI BOlfDS NOV. M, AND tOR
Oiof'na Kangt IHtUlt tn
aiaBOAO AKD MlBOEU
Prim
BOIIDt.!^»<«f
liVted.
JVor.
Q—
113
84
Ainrr. Cotton un,ilt>li.,8R. i900
tf roii.AH.K. -100yr..4g. 689 J A
2il JSi-lt. K., CI "A".... 0h9 * 4 t
.989 Bept.
lOO-yeur liiconie,6ii
&U. ^k Pao.— Quu, 4 R.... ,937
,910 J A .
W.O. Inc.e*
Brookl'ii KI«vat'(lliit,e,K. 934 A A
Oui. Suutb.— Ut KUar., 5s ,908 J A
913
M.ftn
Oent,Ua.— Bit W, latcon.Si
Oantrmlof N. J.-C'od«.,7i.
Oonaol.,
7ii
Oenvral mortgage, 5 «..
Am. Dnck A imp.,&a
,921
g..
911
latooDnul.,5 g
'«», K
S.&A.l)lv.,lstoon.,3-4g.
do
2d con., 4 IT.
Ohio. Bnrl. A Q.— Con.,7».
Oobenturp,ftB
939
B92
Ofcii.
Convertllilf.'iK
Denver Division, 4a
Kebruoka Ext«nBloD,4a.
Ohio.
A
e. ia.-lat,B.r.,6a.
Ineome, Sa
g.
AC—
Ohio. GaaL.
lat,5g.
Ohio. Mil. A8t. P.-Con.78.
lat, 8outbwi>Bt Uiv., 68.
lat. Bo. Mtn. Ulv., 6b....
lBt.Cb.APac.W.Dlv., Ss.
Chlo. A Mo. Rlv. Dlv., 5b.
Wle. A Mlun. Ulv., 5 g..
.
MAN
J A
A
A A O
Ohio. K.I.
A Pao.— 6b, oou|).
BxteoBlon and ool.,58...
SO-year debent. 5b
Chlo. 8t. P. M. AO.— 6b....
Qeveland A Canton— 5 ..
AI.-Con80l..7
General oonaol., 6 v
C. C. C.
g.
aGC.A8t.L.-Peo.A K.48.
Income, 4b
A Ipena— 6 g
Det.Mao.AM.— L'dgrantB.
A A.tl.— 5 g.
AG.- Con.,5g.
8ta.
B.Teiui.V
05 >e
1013^
100
69Hb. 67 Sept.
982
N
MAS
A J
114
114
103
111
113
lia^^b, lUi<Apr. 119
102>«b. 102
Nov. 107
79i>B
MANN
MA
106 b.
93%b.
86^4
115
A
A
A
A
A
A
905
.909
910
921
,913
.915
902
929
,929 A
933
9UU
. .
KnoxvlUe A Oblo, 6
k-..
nil. Lex. ABlg8an.-S g.
Ft W. A Denv. Clty-6g..
b.
100
44
llfjisb
MA
123
b,
79 "4
27
91
b.
97>«b.
N 116
b.
A
A
Unified, 4g
A
940
Kash.Fl.ASb.— l8tgtd.5, t.'37 _ A
LoiUe. N.A. ACh.— l8t,68. .910 J A
Con8ol.,6 g
.916 A A
liOola. St. L. ATexaa— 6 g. 917 ¥ A
Metro. Elevated— 1st, 6 g. .908 J A
_
lat,
2d,
930
930
6g
6g
6g
A Imp., S g
U.K. AT.— lat 4a, g
FA
929,
,990 J
L990|F
A
A
A
.906 MA
.938 F A
938 J A
«d 48,5
Uo. Pacdflo— lat, oon., 8 g. 920;M
•d,7s
Pm. otUo.— lat,
ex., 4 g.
...
Sde'iloQaed 58
NOIS— " b
1
118
111
106
108
June
June
June
117
Nov. 142
Aug.
Apr.
May
108% Aug
924 June
lllVi Jan.
130
114"«gi>pt. 120
Mar.
lOSijMay Ill
June
Apr.
109
107
Aug.
Mar.
1004
Jan.
Apr.
101
U5^May
8t L. A
2d,7g
Feb.
July
May
Apr.
102% Sept
121%
130
82
96
86
June
1024 June
1244
Oct.
Feb.
Apr.
Jan.
126
117
Aug.
b.
b.
110%
Oct.
115
" Indicates price bid
;
106
124
A 106
b.
b.
b.
D
A
47--«
N
112'S)b.
Sl^e
b.
A
96 '4 b.
J
lOOiiib,
113 June
11064 Nov.
100 Auk.
1204 June
110 June
1244 Apr.
" a " price (uke<t
Jan.
;
the
May
I
Jan.
Range
Oct
Oct
Jan.
June
la
Bid.
Railroad Bonds.
Alabama Mid.— let,
Atlantic
g.,
guar.. 1928
ADanv.— 1st g.,
6s.
.1917
89
18
AtL A Pac.— 2d W. D., gu. 68,. 1907
Bait A Ohio— lat, 68, Park B. 19 19 118
ta, gold
1925 1114
Oona. mort., itol 1. 5s
19X8
W. Va. A I'itt.s. — 1st. It., .')s..t!)!io 104
'
Nu
92
I
made up from
actual sale* only.
Bid.
99
8u0. Booh. A Pitts.—tJcn., 5S.19S7
1921 118
Rooh. A Pltt,<.-l«t6s
In
f.inniiU.lill'd 1st. t!<.
made
this
Nor.
Mar.
July
87
96
Nov.
Apr.
108
654 Nov.
834 Jao.
694 Feb.
53% Feb.
71
37
67
100
804
4
Feb.
JQM
Feb.
Jan.
Mar.
90Ssjaaa
794 Aug.
73% Jnly
Jan.
Jan.
Feb.
864 Jan*
11044.Vov 113
74 Nov. 85
75 June; 100
I
Jan.
Feh.
Feb;
414 June: 72% Febi,
76% Jan. 83 Jan
I
93 Nov.
105 Sept
101 Oct
105»8Nov.
1044 June
F A
100
Mar
H Jan.
10.»8 Nov.
109 4 Feb.
109
Mar.
1 08
'
8258 Oct
864 .Mar.
1104 .Vov. 115 Apr.
1104 Nov. 115 Apr.
'06% Jan. jIll Jane
654
26
Nov.
Nov.
724
374
'
1
Jan.
Jan.
1164 Nov. I1194 Aug.
1184 Jan. 1234 Jona
97
874
Jan.
Jan.
65
Apr
61
Jan.
Apr.
90
103
y3
75
Apr.
Nov.
May
70
Aug.
97
July
Sept 108 4.Mar.
105
14
101
22
Apr.
Feb.
95%
Jan.
1074 June
116
Nov. 102
1114 Oct
.Mar.
Mar.
1084 Jona
97 June
Feb.
1014 Jan.
88
91
!
tJenflOhIo Reor.— Ist, 448.1930 103
Ak.A Cli.Juno.-l8tg,S8,gil.l930 104
Bost. U. Tun. A W.— Deb. 58.1913
97
Brooklyn Elevated— 2d, 3-58.1915
Branawlok A Wn— iBt, g. 4«, 1938
price Friday-; these are the latest gaotattons
66
2000 J
Sg
t
Coapon
off.
1923
113
a».
BECtnUTIBS.
Ask
Bid.
Barl Oed.IUp.ANo.— I8t5a.l906
Ooasol. A ooUat trust 58. . 1934
Minn. A 8t
1st 7s, gn.. 1937
B. A O.S. W., lat. g., 44a... 1990 103
MonoB. River, Ist g.,g.5»... 1919
(Sloek XxcJuxnge Priea.)
Jona
66%
]
SKCTTBITLEB.
Ask.
1154Juna
115
113
105<>s Jan. 109%
1014 Sept 110
NEW YORK STOCK EXCHANGE PRlCEa-iConUnMi).-mACTIVE BONDS-SOVEHBER
8ECUBITIE8.
'^
103 rah,
1108% Apr.
MAN
Apr.
July
July
;
Mar.
Apr,
JmM
I
Feb.
1214 June
1104 Apr.
1194 .May
834 Oct
101% Juno
Nov. 1084
128
1044 Mar. 110
79 June 83
4511 July
54%
1064 May 113
1124 Jan. 117
96 Nov. 100
102^ Jan. 109
106
123
May
Jaik
1164
Jan. 100 Jona
1917J A J
A D
76% July 854 May
344 Mar.
2000'Marcb.
25 July
1924 M A N 1024b. 96 July 105 Nov.
Tol.A. A. AN. H.-6g
1935 J A J 107 b. 1024 Jan. 1094 Jona
Tol. A Ohio Cent— 5 g
82% June
1917!J A Jl 8l4b. 77 Jan.
Tol. Peo. A Weat—4g
84 Nov. 101 May
Tol.StU A Kan.C.-6g..l916 J A D 85%
UnionPaolUo— 6g
1899 J A J 1114b, 110% Jan. 1144 Juna
81nUogfund.8a
1893 M A 8 103 b. 1024 Sept 1104 Feb.
CoUat trust 44
1918 M A Nl 66%b. 64 Sept 744 Jan.
92% Sept 100 Jan.
Gold 6s, col. trust notes. 1894 F A A 96
Kan. Pao.-Den.Div.-6g.l899M A N 110 b. 1084NUV. Ill'^i Sept
l(toansol.,6 g
1919 M A N 1084 1084 Jan. 114 Apr.
OregonShortUne— 6g..l922 F A A 104 b. 101 Jane 108 Jan.
Or.8.1..AUfhN.-Con.6g.l919 A A O 734b. 72 Sept 834 Fab
684 Sept 774 Jan.
U.P.Den.AGulf con. 5g.l939 J A D 71
110 Jan. 117 Oct
1937 M A N'115
Union Elevated— 6 g
Vlr^aUld.—Gen. m.,5B, 1936 .M A Ml 79 b. 764 May 8S FsU
79 Not. 87 FaU
atamped guar. M A N| 81
do
1034b. 103 Nov. 107 Ape
Wabaah— latSg
193U
784 Sept 85 Jan.
80
2d mortgage, tt g
1939. F A
50 Jaik
July
35»sb. 35
Debent M., series B
1939 J A
104%a. 101% Jan. 10S%Jana
WestShore-Guar., 48
2361 J A
105
.May
103 b.l 99 Jan.
WestN. Y. APa.-lstSgl937 J A
354 Feb.
32'ii>.| 314 July
1927 A A
2d mort,3g.,5so
104 >4b. 1004 Jan 1064JaB0
WestUn.TeC-Coi. tr.,Sa.l938 J A
954JaBe
904b.l 90 Mar.
Wis. Cent Co.— 1st 5 g
1937 J A
34 bj 33 Jane *«4Ja«.
Ineome, 5 K
1937 ......
2d, Income,
974 AuK.
J 121
117>« Jan.
J 115>«a. 108
Jan.
115>4 Jan.
J 81 b. 78% Jan.
A,
98 Feb.
j' 112i«
108''8 Jan.
Oi 106>«
99 Apr.
87 >« Jan.
A| U4>4
J 117'«b. 113>a Jan.
Nt 106 b. 105 >4 Jan.
llO'^Nov.
llO'i
N 109
June
95
119
994 Jona 1044 Feb.
63% Oct 714 Jan.
109% Jan. 112 Jon*
1897
Blrm. Dlv.. 6g
Tex. A Pao.— lat 5 g
85% Nov.
114
8^"» Nov.
„..,..„..
104 Oct
Ill Jan.
110 Mar.
106 Jan.
60 Nov.
e!>4 Apr.
.
Jan.
Feb.
••4M^
Jan.
1064 Jul; 111.
71
Sept
74 Oct
,51
.
Aug.
JaiL
lll40ot
StL. ASan Fr.-6 g.,Cl.B. 1906
1906
6 g.. Class C
General mort, 6 g
1931
StL. 80. West— 1 St 48, g. 1 989
19H9'J A
2d, 4a, g., Income
8.P.M.AM.— Dak. Ex., 6 g.l910 M A
1933* "
l8tcon80l.,6g
reduced to 44 g...
do
Montana Extension, 4 g. 1937
San A. AAran. P.— I8t6g. 1916
1926
lat g
Seattle US. AE.— 1 at.gu. 6 1 93
Bo. Car.— lat, 6 g.,ax ooup. 1920
Inoome,68
1931
1909-lOJ A J _
80. Pao., Aril.— 6 g
8o.Paclfio,Cal.—6g....l905-12 A A O 113 b.
l8t oonaol., gold. 6 g....l938lA A O 93%
1911 J A J 106 b.
So. Paclflo,N.M.-6g
Tenu.C. I. ARy.—Ten.D.,l8t6g'A A O
Jan.
96>a Jan.
1106 Feb.
73% July
88 ''a Sept.
81 Jan.
97 >s Feb.
80 Mar.
107 < Jan.
119 Sept.
ext
116
Maf
Anc
May
lM4 8ep|.
Apr.
Oct
904 Aug.
Cairo Ark. A Texaa, 7 g. . 1897
Gen. R'y A land gr.,5g..lB31
Oct.
Sept. lisae Feb.
114
lat
58.'97
Aac.
108% Mar
1074 Nov.
Jun.
Jao.
115
Oafc
18;%
1064
1334
1094
91
1925
Mt
JOM
130
Aa«. 114
Jan.
98
.
Iron
>«Aa»
JnM
llS4JaM
,100
1154 Oct
Co.—44g., coupon. ...192
Deo-AEvanav.- 6g..l920
1926
I'hlla. A Kead.— Gen., 4 g.l95H
l8t pref. Income, 5 g
1958
1958
2d pref. Income, 5 g
3d pref. Income, 5 g
1958
Pittsburg A Weatern— 4 g.l9l7
Rich ADanv.— Con., 6g.. 1915
Consol., 5 g
1936
Rich. AW. P.Ter.-Tru8t,6 g 1 89
Con. Ist A col. trust, 5 g. 1914
RloG. Western— Ist 4 g.. 1931)
St Jo. A Gr. Island— 6 g.. 1925
St L. Alt AT. a.— lat 7a. 1894
Joaa
4ApK
July
100
108
EvansTllle Dlv., 6g....l920
99
95»8 .May
109
2d mort.,5g
344 Feb.
May 104% Nov.
74
98
105
119
b.
Ji
A1113
8 137
Peo.
June
Sept
111
135
A W.-10<Vyew,Sg.l990
ConaoI..5g
IPa.
123% Nov.
87*s Jan.
93 Jan.
b.
Ore.K.ANav Co.— lBt6g.l909
984 Feb.
1244 May
954 June
135^8 May
83
J'113
Ohio A.Ml8i>.-Cona.a.f.,7s. 1898
Consul., 78
1898
Ohio Southern— lat, 6 g...l921
General mort, 4 g
1921
lOniaha A 8t LoulB— 4 g ..1937
lOrpKOU Imp. Co. iBt, 6g.l910
Consol., .'5g
1939
126% June
1044 May
128>< Jan.
118>s Jan.
78'* Nov.
A
A
fc
A
Chlo. A N.P.-lsi, 5 g...l940
North. Pao. AMon.— ag...l988
North. Pao. Ter. Co.— 6 g.. 1933
1274 May
123>« Jan.
113
91
MA
MAN
MA N
.921 MA N
»d,6B
L899
MlolL Cent.— lat,oon. ,7s.. 902
Uonaol., 5a
.902
Kxten.
53% Feb.
94% June
A U 119
.930
MlLLakeBb. A W.— lat,6g.
42>«Oct.
S6 Jan.
125^ Jan. 1324 June
12 >« Jan. 1104 Apr.
b.
b.
D
A Mob.
1044 Apr.
A 0111% HPi
A O B6%b. 95 Jao.
North. Pac.-lflt,coup.,6g. 1921
General, 2d, coup., 6 g..l933
General, 3d, coup., 6 g..l937
Consol. mort,5g
1989
A J 86^ 77% Jan. 364 Nov.
913 J A J eiisb. 60 Oct
80 Feb.
.911 A A O 40>«a. 36
4488 Oct.
Apr.
,937 J A J
95 Mur. 105 May
95K MAN 93 b, 90 Mar. 100 Feb.
925 IJ A J 102 b 96'* June 108 Jan.
902|M A 8 98'4
81
Mar. 100 Aug.
921 J A D 101 >sb. 98>« Jan. 105 May
OouBul. ooup.,2a,78
125
.903 J A
Iiong lal'd— Ist, oon., 5 g.. 931 Q-J 115
General mortgage, 4 g.. 938 J A D 93
ItODls. A Naah.—Cona., 7s. .898 A A O Ill
do.
97>« Jan.
139
b.
Md.AWaah. DlT.-Ui5g.194l
Nov. 914 Anr.
1124 Jan. 1184 May
119 Oct. 1234 July
97 Jan. 104 Apr.
26
99
66
MAS
Qeneral,
Norf.
114
94»8Nov.
Oct.
91>s Feb.
b,
e»l.H.A8an An.-W.Dlv.ls ,5 g. M AN 96 b,
115 b.
Han. A 8t. Jos.- Cona., 68. .911
Dllnola Central— 4g
952 A A U 100^
919IMA N tllOa,
Int. A Gt. No.— l8t, 6 g. . .
Ckinp.,6 g.,tr.rec.i*tiiiiKl. 90U;M A S
lowaCeotral— iBt, 5g
,938 J A D 9(l\
Kentncky Central—4 g.... 98. J A J 85 b,
KlngaCo. El.— l8t,5 g.... .925 J A J
Laolede Ua8— Ist, og
,919 Q—
85 >«
likke Krle A Weat.—5 g
937 J A J 111 b.
L. Shore— Con. op., let, 7a. .900 J A J 120>ib.
H.O.
Apr.
Jan.
103 >s May
96 Jan.
9i»=6a.
96 Mar
125%b, 121 Jan.
101 '8
99'8 Sept.
95 >•
9i\ Sept.
U 122 b, 120 Feb.
J 93 b. 88
Jan.
MAS
904 J A U
,900
1936 J
1054
Nov.
103 Jan.
103 Jan
b 86 >4 Jan.
'e
103
FA A
F A A
Aug.
100
105
lOHisb, 105
a
M A
J
A
91
,934 J A
931 MAS
930 J A
917 J A
914 J A D
,934 J A J
940 A A O
928
Apr
June
lu3'pb, lOOVt Jan.
A
,926!F
Feb.
8O4 June
117 b, 113>« Jan.
1 09 Sib, 106
Jan.
MA
Jane
June
j!l3ft4
1344 Mar.
k d: 104 4b. 1034 Jona
A O 11940. 1174 Apr.
A D 1064 1084 Sept
110% Apr.
A S
N.Y.l.K.AW.-lat,aon.,7g.l930
Long Unok, 7s
1893
Con80l.,6g
1985
34 oonaol., 6 g
1969
N. Y. Ont A W.-lst. 6 g..l914
CoUBOl. iBtSg
1939
N Y.»u«.AW.-l8tref.,8g.l937
MIdlanilof N. J., eg.. ..1910
Norf. A Houth.— 1st, 5 g...l941
Aug.
126
b.
.
MA
81
75><Jan.
OSMb,
129'«(>.
A
A
01
A
116>i,b
(j_r 138>4b
J A D 125%b
A A
112
)
Jane
June
86
lom
107
Feb.
121>* Jan.
lllghuL
'
A
19S4J<t'i.
10«4b.
MAS
l>7>«
A M 118
1st. oon Don, 7b
1903 J
Deb«a.,aa, ooap., 1884. . 1904
M. T. A Uarlem-7s,r«g. 1900
R. W. A Ogd.-Coo., B*. .1932
». Y. Ohle. A St L.-4 g.. . 1937
H. T. Klevated-7s
190«
H. T. Lack. A W.-lst,es..l931
CnnBtrucllon, Ss
1983
Sept.
June
84% May
78'4 Got.
76 Jan.
b.
a.
Nor.
Jan.
Jan.
85 Feb.
Jan. 119 Jane
Nov. 1234 Mar.
15
110
.982 Oot'b'r
1937 J A J
926
921
1
1
80
79
g... .940
1931
Det. B. City A
1 1 1
I2>i
123><
,900
Ool.H.Val.ATol.-Con.,5g.
General, 6 g
Denver A Klo Q.— lat, 7 g.
lBtcuusol,,4g
b.
July
74
Aug. 14 4
Jan. 1304
Jan. 110
Mar. 104%
I06<«b.
,9901 April.
OoL Coal A Iron— 6 g
Ool. Midland— Con., 4
OaL 8o.
MA
A J
A J
_
_ K
,913 M A
.903 rMAS
.923 F A A
1927 MAN
907 J A D
.934 AA U
Ooapon,KoId,7B
Slnlung fund, 68
BInklDK fund, 58
SlnkJuK fund debeu^ 58.
2&-year debenture, 5...
Extenalon, 4s
Ohio. Peo. A 8t. LoulB— 5 g
67
10
903 J
Terminal, 5 g
.914
Oen. M., 4g., Borlea A... 989
MU.A Nur.— iBt, oon., 6b.
Ohio. AN. W.-Consol., 7b.
b.
1989-1
9S9 J
C0DBOl.,6g
Qeneral oonsol. lat,Sa.. l937
OhlcagoAErie- l8t,4-S
58
ee% ju.
71
LftMH.
25
M0bU«AOhl»-irew,6K..lB37 " A D 1184a. 113 Feb. IllU 5oT
0«oanU monnce, 4s.. .I93H U A 8 ai
604Nor. 07% Ju.
Maak. Ob. A8t.U-lat,7t.l913 J A J l'/7\ I3fl% Jan. ISS $n»
Cton., S g
1938 A A O 1034b. 10^4 Oct loe Feb.
R.T. Oentm-Kztend.,»s.l893 M AHI1004
1004 Nor. 105 Mar.
J
8581 June
Mar
117
I'triod. .V»v.
llS4Jane
58
ffSAH IMfl,
RAILaOAD AKD MlSOlU BOIIM
UithttL
110>8
lOOHJan.
111 b 109 >• Jan.
07 b, 94 Jan.
J 110>«b. 10S>t Jan.
J 110>ib. 109 Sept.
Q-M
Oentral I'lioiHc— Goid,6a.. 898 J
OhM. Aohlo— Mort.,6
I
AO>tb.
,1)99
Leh.AW.B.,ooii.,7R,asM. .900
912
do. iiKirtiiage, 6*
.
107«« Jan.
81% Feb.
50 >t Nor.
&6<«
M A
Q-J
902 MA N
987 J A J
LatuH
35
IMS.
U—
104
.
105
96%
A Wast— lat, 7s. 1909 100
Oed. Rap. I. F. A N., 1st 6s. 1030 1004
Iowa
98
132
120
C.
lat 5s
. . .
1931
904 93
C.Ohio— Jol. ACln.M.lBt44s.l938 •93
>nt RB. A Bank. -Cut. g.5a.l037 83
1937
»?hatRomeAC«l.-Ot«l g
>nt of N. .1—Conv. ilfb.. «• 1!MV<
jfo"
76
6
1
1
THE CHKONKJLE.
8&0
NEW YORK STOCK EXCHANGE
BECUKITIE8.
1895
1896
1897
1900
1939
Mort. (fold 5a
1900
Ijin.t ih-ant, 5s. (r
1918
C. d- O. Dtv., ext., )j. 5.S
West Pacific— Bonds, 6s. ... 1 899
No. Eailway (Cal.)— 1st, 63.1907
1938
SO.year 59
Cttes. & O.— Pur. M. fund, 63.1898
1908
68. po id, series A
Crai;.' Vallcv— 1st. g.. 58. ...1940
Warm ej)r. Val., 1st, g 58..1941
Ches. (J. & so. West.— 1st 6s, g. 19 11
1911
2d,6s
Oh. V. -Gen. con. 1 6t,eu.g,5s. 1935
1893
CiicaffoA Alton— iBt, 7s
1903
einkiiij: fund, 68
touis. & Mo. River— 1st, 7s.l900
1900
2d, 7s
St. L. Jaclfs. &Cli1c.— l8t,7R 1894
Miss.R. Bridge— 1st, s. f., Cs. J 912
Central i'aciflc— Gold bds,
Gold bonds, 68
Goldbouds, 69
Ban Joauuin Br., 68
Gs,
PB,lCE*i.— INACTIVE
BONDS—rContinuedJ-NOVEMBER
SECURITIES.
Ask.
108
108 •«
Indian.— Ist, cons. .1926 110
Flint A P. Marq.— Mort., 69. ..1920 118
1939
109% let con. gold, 53
98
1939
Port Huron- l8l. 58
Pla. Cen & Pen.— 1st g. 59.. ..1918
108''8
109
98
105
B"!
*
Worth
Gal. Har.
1071«
& R. Q.— 1st g., 5s. .1928
& San Ant.— 1st, 6a. 1910
Gal.H. &8. A.— 2dmoit.,78..1905
109
1931
West. Div., 2d 63
97
Ga. Car. & Nor.— 1st, gu. 09, g 1929
1927
109 '6 llOis Ga. 80. & Fla.— Ist, g. 63
115
Grand Rap. & Ind.— Gen. 59..1924
G. B. W. &St.P.— I8t6s.rect8.19ll
2d income, trust reets
•106
Housatonic— Cons, gold 03.. ..1937
N. Haven & Derby, Con3.53..1918
Waco & N. 78..1903
Hous. &T.
1937
i02'-6 103"
1st g., 5s (int. gtdi
1912
Cons. g. Gs (int. gtd)
llBHi
1921
Gen. g. 4s.(int. gtd)
116^ 118
Debent. Gs, priu. & int. gtd.1897
103 107
Debeut. 48, prin. & int. gtd.lS97
103
niiuois Central— Ist, g., 43 ...1951
1951
let, gold, 3153
Chic. Burl. & Nor.— 1st, 59. ...1926 '1C4
1950
Cairo Bridge— 49
1896
Debenture Cs
1S98
Springf. Div.—Coup., 69
Oalc. Burling. & Q.—5s, s. f..l901 103
1921
1051*
59
Middle
Div.—
Reg.,
fund,
.1919
Div.—
Sink,
5s.
lo^a
95
95 *
0. St. L. & N. O.— Ten. 1., 78.1897
1919
B ukingfuud,4s
1897
86>*
1st,
consol.,
7s
1921
Plain, 4s
1907
2d, 6s
102%
•Clio & Indiana Coal— 1st 58.1936
1951
118
Gold,
coupon
53,
Cii. Mi!. & St. P.— lst,8s,P.D.1898
1951
Memp. Div., l8t g. 48
2il, 7 3-109, P. D
1898 1231*
•127
1894
Div.,
78...
129
Dub.
&8.
2d
1902
l9t, 79, $ g., R. D
Ced. Falls & Minn.— Ist, 78.. 1907
l8t. La Crosse Division, 79.1893 •102
>«
ex.
cp.l906
123
Spr.7s,
Ind.
D.
&
Ist
1897
l9t, I. & M.,7s
Ind.D.&W.— 1st 5s, g.,tr.rec. 1947
1899 124 120
l8t, I. & D.,7s
131
2d, 58. gold, trust receipts. .1948
1903 *128
Ist.C. &M., 7s
Inc. M. "bonds, trust receipts
Ist, I. &D. Extension, 78. -.1908 129
103
Ind.
Ills. & Iowa.— 1st, g, 4s. 1939
1919
l8t, La C. & Dav., 58
Int.&G.N'n— ]st,6s.g.,cou.off.l919
1910 126 129
Ist, H. & D., 79
•»
'103
Kanawha
1910
106
& Mich.—Mort. 49.1990
l8t, H. & D.,5s
Kan.C.Wyan.&N.W.— l8t,5a.l93t
CbicaL'o & Pacitic Div., 6s. .1910 117
I04i»
Co.-F.El.,l8t,5,g.,gu.A.192<J
Kings
Mineral Point Uiv. 59
1910 103
1921 •103
Lake Erie & Weat.- 2d g., Ss. 1911
C. & L. Sup. Div., 5s
L. 8. & M. 80.— B.&E.— New 78. '98
Fargo & South., Bs, A8au...l924 110 120
1906
Det. M. &T.— lst,78
191C
Inc. eonv. sink, fund, 59
107
Lake Shore— Div. bonds, 78. 1899
Dakota <feGt. South., 58. ...1910
Kal. All. & G. B.— Ist gu. 53.1938
Mil. & Nor. main line— 68. ..1910 1164i 118
Mahon'g Coal BB. -Ist. 5s. 1934
.ic.&N.W.— 30 year deb. 58, 1921 10414 105%
LeUighV.,N.Y.— 1st gu.g.4'39.1940
Escanaba & L. 8. Ist, 68
1901 110
Lehigh V.Term.— 1st gu 5s,g. 1941
1907 1^3
DesM. <fe Minn.— 1st, 78
I .itchf Car.& West.- Ist 6s. g. 191
1900 123
Iowa Midland— 1st, 8s
1898
Peninsula— 1st, conv., 7s. ..1898
Long Island— 1st, 78
N. Y'. & R'way B.— lst,g. 53.1927
Chic. & Milwaukee— Ist, 78.1898 u'i"
1907 •124
1927
Win. & 8t. P.— 2d, 7a
2d mortg., ino
N.Y.&Man.Hcach.— 1st, 78, 1897
Mil. & Mad.— 1st, 6s
1905 112
N.Y. B.iM.B.-lst con. 5s.g. 1935
Ott. C. F. & St. P.— 1st, 5s.- 1909 105 k
Northern 111.— 1st, 58
1910 106
Brookrn&MoutrtUk— l8t,63. 19 1
1911
Iflt, 53
96
Cli.Peo. &St.L.— Con.lst,g.5s.l939
F. D. 1 SI 4s. 1905 *75
Smithtown&Pt. Jeff.— lat,78 1901
C R I.&P.-D.M.&
1905
Loul9.Kvan8.<bSt. L. Con. 59. 1939
l8t. 2i«s
Extension, 48
.1905
LouiB. (feNaah.- Cecil. Br, 78.1907
80
Keokuk &De3 M.— Ist, 59. .1923
100
E. U. &NasU.— I9t68, g....l919
1920
128
Pensacola Division, 69
Chic. St. P. & Minn.— 1st, 68.. .1918 122
1919 121 »»
Ist, 68
St. Louis Division, Ist, 63. ..1921
8t. Paul &S.
Chlo. & W. Ind.— l8t, 8. f., 68.1919
2d, 38
1980
Gener.'il mortgage, 68
1932 117
Leb. Branch Extension .. .1893
Chic. & West Mich.— Ss
1921
Nashv. & Decatur— Ist, 73.. 1900
1910
8. f. ,63.-8. & N. Ala
J!m Ham. & D.— Con. s. f., s.1905 121
2d, gold, 4ias
1937
10-40, gold, 6s
1924
Cin. D. &Ic'n— lst,gu. 58,g.l941
95 >« 95%
1937
50 year 5s, g.,
Sin. Jack. & Mac.— Ist, g., 53.1936
Pens. & At.- 1st, 69, gold... 1921
Clev. Ak. & Col.— Eq. & 2d 68.1930 •100
Collat. trust, 5s, g
1931
C.O.C. & St. L., Cairo div.—4s, 1939
Lou.N.Alb.&Ch.— Gen.m.g.59.1940
101
99
—
C—
102^8
—
C—
flt.Lou.Dlv.— lBtcol.t8't48,g.l990
"91
Spring.&Col.Div.— l8t,g.48. 1940
WhiteW.Val.Div.— lst,g. 49. 1940
Cin.Wab.,SiM.Div.— Ist,g.4s.l991
Cln.
I.
St. L.
& C— I8t,g.,4s.l930
91
94
96
Consol , 6s
1920
Cln.8an.&Cl.—Cou.l8t,g.58, 1928 ioB'i
Cl.Col. Cin. & Ind.- 1st, 78,8.f.l899
Consol. sink, fund, 73
1914
Cleve.
& Mah. V.— Gold,
Colorado Midland- Ist,
5s...
g.,
1938
113
130
113%
M07
63.1936 110
Columbia &, Green.— 1st, 6s ... 191
2d, 68
Dal. Lack.
Syia. Bing.
&W.— Mort.
7s
1920
1907 iso
128
1914 137
1900
1901 1201s
1915 139 140
& N.y.— Ist, 78.1906
Morris & Essex- Ist, 78
Bonds, 78
780f 1871
l9t, con., guar., 78
Cel. & Hud. Can.— Coupon 7a,1894
Pa. Div., coup., 7s
1917
& Susq.— lst,gu.,78 1906
let, cons., guar., 68
1906
Reus. & Sar.— Ist, coup., 78.1921
Canver City Cable— Ist, 68. ..1908
Cenv. & B. G.— Imp.,g., 5s...l9:»,S
Duluth & Iron Itange— 1st 5s.l9l
E. Tenn. Va. & Ga.— 1st, 7b.. .1900
Divisional 5s
1930
Ist ext., gold, 5s
1937
Bq. &lmp.,g.,5s
1938
Mobile & Biim.— 1st, g., 5s.. 1937
Alabama Central- I8t6s...l918
Erie— Isi, extended, 78
189'
2d, extended, 5a
:
1919
8d, extended, 412a
1923
4th, extended, 5s
1920
6th, extended, 4s
1928
Ist, con., g., I'd, 7s
1920
Reorg., 1st lien, 6s
1908
B. N. Y. & E.— 1st, 78
1916
N.Y. L. E. &W.— Col.tr.,6s.l922
Funded coup., 5s
1969
Buff. <St S. W.— Mortg. 6s.... 1908
Jefferson— 1st, gu. g. 58
1909
Coal&RR.— 68
1922
Etneka Springs— 1st, g., 69. ..1933
Albany
I
'IOOI4 10038
112
103
100
112
115
60
77
80
112%
116
10714 109 "^
110
102
101
112>s
136>« 138
'109
92i«
90
101
Evans. & T.H.— lst,cona.,68..1921
Mt. Vernon— Ist 6s
1923 117
811L Co. Branch— let, g., 5s. 1930 100
Wo
141
130
119
145
116
142
98 « lOlis
84
*"...-..
price Friday; these are tne laceat
•'95'
101
106
1938
1st, g., 63
Cent.Washihgton— l8t,g..6s.l93S
*62
105 lOS
39
38
113=8 114
108 >»
124
67
102
«9l
80
105
3
5s,
1937
g.l927
Greg. Kv&Nav.— Col.tr. g..53.1919
Pan. Sirik.F'd Subsidy— 63, g. 1910
l-enn.-P.C.CASt.L.Cu.g.4is6A1940
9,»
107
112
110>« 112
110>« 112
Do
do
W. &
Gen. 4I99,
90
123
29 "4
110
*75%
90
\Oih 103
g.,
95
73
103
731s
10214
1900
9. fd.,
"A"
139% 141
1912 138 139<s
1912 130 132
73. 1900 1171s
1942
ChSt.U&P- l9t,con.53,g...l932
Bt.
83
B
C— 1st, 7S...191L-
2d, 7s
3d, 79
Clev. & P.— Cons.,
lOiH,
87
Series
P.C.&8.L.-lst,0.,78
Pitts. Ft.
117
126"
—
Gen. g.,5s
OregoQ ife Califor.— 1st,
95I4
92
lllis
L.V.&T. H.— 1st, Bs., 78.1897 110 la
2d, 7s
1898
2d. guar., 78
1898
Gd.U.,S:r.Ext.— lst,4ia9,G.g.l941
Peo.&E.-lud.B.AW.-l3t,pf.78.1900
Ohio [nd.&W.— l9tpref.5s..l93S
Peoria A Pek. Union— Ist, 63 .1921
2d mortg., 412s
1921
Pitts. Cleve. & Tol.— 1st, G3...1922
ilB
Pitts. A L. Er.— 2d g. 59, " A" 1 928
114
125
Pitts. Mc. K. & Y.— l3t 6s
1932
114
Pitts. Painsv. A F.— Ist, 5s. ..1916
Pitts. Shen.A L.E.— lst.g.,53.1940
110
110
I'itts.Y'gst'nAA. — 1st, 5s, con. 19
104 >4 104% Pre3. AArij. Cent.- Ist, 6s, g.l916
2d Income 63
111
19 IB
95
Rich. A Dauv.— Debenture 63. 192
Equip. M. 3. f ., g., 53
112 113
1909
10 7 is
iYb
100
113
70
.
*22J«
100
"6h
82
103
107
114
107
Kan.
C.
791s
*30
SO
84
37
A Omaha— 1st,
A. A T.H- 2d
2d m.inc. 7e
Dividend bonds
St. L.
SO
AChar.- 1st,
pref.,78..189
do.
Income, 6s
1900
Wash.O. AW. -lst.4s,gu.oy.,1924
Rio Grande JunctionIst, guar., g., 58
1938
Kio Grande So.— 1st, g., 58. ..1940
St. Jos. A Gr. Is.- •2dino
1925
Atl.
94
53.. 192
pref. 78. .1891
104
1894 101%
64
1894
114
Bellev. A So. 111.— 1st, 88...X896 111
120
•61
110
Bellev. A C.ir.— Ist, 6s
1923
•100
Chi.Bt.L.APad.— l3t,gd.g.5sl917 100
•80
115
St. Louis 80.— 1st, gd. g. 43.1931
do
2d income, 53. 1931 721s
'100
Car. A Shawt.— Isl g. 4s
1932 •80
'102
10314 St. L. A 8. F.— 2d 6s, g., el. A. 1906 110
Equip., 79
1895 100
lom
'100
93
1931
General 5s
1st, trust, gold, 5s
1987 •80
74
68i«
Lou. N. O. ATex.— Ist, 49. ...1934
68
Consol. guar., 4s
1990
2d mort., 59
1934
Kan. City A 8.— Ist, 6a, g...l910
Loui9. St. L. & Tex.— •2d g, 6s.. 191
90
Ft. 8. AV. B. Bg. -1st, 63...1910
Manhattan Ry.— Cons. 4s
1990
Kansas Midland— 1st, 4s, g. 1937
92 100
Manito.S. W.Colon iza'u— 6s ,g. 1 93
107 is
St. Paul ADuluih— lst,53....193J
Memphis & Charl.— 63, gold.. 1924 '-'id' ibo"
1917 103
2d mortgage 58
Ist con. Tenn lien, 78
Itil5
St. Paul Minn A M.— lat, 73. .1909 109
Mexican Cent. Consol.—43, g.l911
1909 116 117i«
2d mort., 6s
1st, eons, income 3s, g
1939
Miuneap. Union- Isl, 6s
1922
Mexican National— 1st, g., 09.1927 99
113 II4J3
Mont. Cen.— 1st, guar., 63. .193
2d, income, 6a, "A"
1917
4514
193
102 1021s
lat guar. g. 58
43
Michigan Central—6a
1909 US'*
East. Minn., 1st div. 1st 53. 190s
Coupon, 5s
193 •nils i'12" San Fran. A N. P.— 1st, g., .53.1919 •97
Mortgage 48
1940 lomi
South C.irollna-2d, 6a
1931
MU. L. 8.&W.— Conv. deb., 5a 1907 106
80. Pac. Coast— 1st, guar., 43. 1937
Mich. Div., 1st, Os
rer.RK.A9'nof8t.L.-lst,4is3.1939
1924 122
Ashland Division- Ist, 63 ..1925 121
Texas Central- 1st, 8. f ., 79. .1909
Incomes
'*106
1911
lat mortgage, 7s
Minn.& St. L.— Ist, g. 78
1927 129 >i
Texaa ANew Orleans— l8t,73. 1905
Iowa Extension, 1st, 7s
Sabine Dlvleion, lat, 6s
191
105
1909 132 140
2d mortg., 7s
Third Avenue (N.Y).— Ist Sa, 1937 1121s
1891 108
Southwest Eit.-lat, 78
1910 127
'Tol. A. A. A Cad.— 69
1917
981s 100
Pacitic Ext.— 1st, 6s
ii4>a
1921 112
Toledo A. A. A G'd Tr.— g. 69.1921
Impr. & equipment, 6s
Tol. A. A. A Mt. PI.— 68
1922
1919 102
115
Minn. & Pac— Ist mortg., 5s. 193G
90
A.
AN.
M.—
Tol. A.
1940
59, g
Minn. 8t.P.&S.8.M—l8t e.g. 48.1938
Ulater A Del.— l.st, <»n.,6.,5s. 1928 ibs"
Mo.K.&T.— K.C.&P.,lBt,48,g.l990 70
Union Pacillo— 1st, 63
1896 107
Dal. & Waco— Ist, 5s, gu.... 1940
Ist, 63
1897 108
85
Missouri Pacillc—Trust 5a... 1917
1st, 63
1898 110>4
83"
latcoll., 58, g
1920
Collateral Trust, 63
95
1908
St L.AI. M.-Ark.Br., 1st, 78.1895 10539 106%
87
Collateral Trust, Sa
83
1907
Mobile & Ohio— lat ext., 63... 1927
Kansas Pacillo— 1st 6s, g...l895 106 106H
112
St. L. & Cairo—49, guar
1931
iBt, Gs,g
1896 108
82
Morgan's La. <fcT.— 1st, 63
1920 112
C. Br. U. P.— F. c 78.,
1895 100
lat, 7s
801*
Atch. Col. A Pac— lat, 6a... 1905
i9ig 123 126"
Nash. Chat. & Si. L.— 2d, 6a.. 1901
82
Atch. J. Co. A W.— lat, 6s. 1905 '74'
112
New Orleans & Gulf— ist, 63 .192G
80
U.P.Lin. ACol.— l8t,g.,5s. 1918
N. O. &. No. E.-Pr. 1., g., 6s.. 1915 109
105
Oreg.S.L.AU.N.,col.trat.,5a.l919 104
N Y. Cent.-Deb. g. 4s
110
Utah A North.— let, 73
1908
1905 310m.
N. J. June— Guar. Ist, 48... 1986
Gold, 58
1926 70
101
Beech Creek— Ist, gold, 4a. .1936
Utah Southern— Gen., "8... 1909 102
Osw. & Rome 2d, 58, g.,gu.l915 105
Exten.,
Ist,
78
1909 102
»
108
Utlca & Bl. Riv.— la, g., gu.l922 102
102
Valley R'y Co. of O.— Con. 68.1921
N. Y.N. H. &H.-lst,reg.i 1903
Wabash- Debenture, Ser. A. .1939
N. Y. & Northern— 1st, g.,5! 1927
108
5 107
No. Missouri- 1st, 78
1895
110
2d,48
107>9
1927
dt.L.K.C.AN.—R.E.ABR. 73.1895
64 >« 66
N.Y.Ont &WU.— lst,refun.4!>.1992
Bt.CharlesBr'ge- l8t,63. 1908
S414
84H
N. Y. Susq. & West.— 2d, 4iflS.1937 '83
Weat. Va. C. & Pitts.- lat, 68.1911
Gen. mort., 53, g
105
97i« Wheel. AL.E.— 1st. 53, gold... 1926
1940
97
N. Y. Tex. & Mex.— l8t,4s,gu.l912
1930 931s
Extension A Imp, g., 53
.
.
'
lOBie
'127
1221a
Norfolk & West.- General, 6s . 1 931 121
New River, 1st, 6s
1932 117
Imp. & Ext., 68
1934
Adiustment M., 78
1924
Equipment, 5s
1 908
Clinch Val. lat 5s
92
1957
Roanoke&So Ist, gu. os, g.l922
67^4
Scioto Val. & N. E.— lst,43,.1990
Ohio & Miss— 2d consol. 7s... 1911
Spring.Div.- Ist7s
190.i
671s
92
General 53.
1932
Ohio River RR.— ist, 5s
1936 102
*72s
—
.
Ask.
Gen.
.
C
Bid.
North'n Paoitic— Divid'd.scdp ext. 100
James River Val.— 1st, 63... 1936 96
90
Spokane & Pal.— 1st, 63
1936
St.Paul & N. P.—Gen., 63. .1923 120
Helena&Rod.M'n— lst,g.,G3.1937
DuluthLtMauitoba— lst,g.63l936
Dul.AMan Dak.Dlv.— I.st6s.l937
Cccur d'Alene— 1st, 6s, gold. 1916
.
C—
25.
SECURITIES.
Ask.
Bid.
Bid.
Bvans.
[Vol. LV.
100
,
. .
—
quotaaoM mads UiU wdP«.
. .
For atlMeUkaeaas.dc CuUsted Boods-8ee 3d page preoedlnt.
-
NOVEMBKB
H1
1
.
.
I
1
:
1
:
THE CHRONKJLR
30, 1802.]
Jjttucslmettt
691
I^Mltt
KOAD«.
Marmngt Htporud.
WmMotMo]
AICD
Qr.Nor
l^axlroad %ntzlliQtnct,
1H93.
I
Jan.
1801.
1 lo
IMi..
fv.n.j
^770,«»»
O.l:
(!ii"
'3>.Oti
3.437.
The IKVKSTORS' SCPPLKMENT, a pamphlet of 150 pagen
contains exleruied tables of the Stoeka and Bond* of liuilroadH, and othtr Companies, tinth remarks and statistics concerning the income, flnawHal status, etc., of each Company.
Jt is published on the last Saturday of every other month
viz., January, March, May, July, September and November,
and is furnished without extra charge to all regular tub-
—
Chkoniclb.
Tne General Quotations of Stocks and Bonds, occupying
atx pages of the Chronicle, are published on the third
ftaturdaj' of each month,
teribars of the
15.000
7.'J
SammfM
LnirM
rr: Ko.iDS.
Week or Mo
Beported
3ii,10U
41.024
3.805
40.151
Iroi
J'k
Km
Km
It
K(
K
.
.
.
lOctolier.
..
wk Nov
8t. L.
Sail K. LMwk Nov
Col. MiiUiiud. kill wk Nov
Fe.
8.
.
l!<i
<fc
^ Ak!,-. tot^il...'L'(l wkNov
AtlHi:lu .V Cli.n- -^1 i.tiMiib'r.
jLllaiita
iV
Atlmitil
A
l''lm'a (ii'iDber.
l'l.;Au;;llst
W
..
iJ.iVO.KastLiuun October. ..
Wtsicru Lilies, Dctdber. ..
Total
.Oet<il)er.
Bal.A.O.^outlnv. '.M wk Nov.
.
BathiS Hani'iidrt .Si'iitfiuh'r.
BIr.* Atlantic. JoitoHfr. ..
Bir,Sh...V Tciiu.li 8<iitcml)'r.
Brooklyn Kiev.. 'J<lwU Nov.
Buir. Koch. ii'ltt I'd wk Nov.
Bur.C.Kap. & N |-2d wk Nov.
Cumdcu &
Atl..Srpt43iiib'r.
CaundluiiPacitIc 3d
wk Nov
Car.Ciim.G&CU
L.
.Midland...
Central of Ua...
Centtalof N. J..
C
•
Chlc.it Ka.st. 111.
Clilcaiio & Erie.
Chic..Mil.&Bt.P.
Chic. &.N'tliw'ii.
Chlc.Pco.&B.L
CUle.K'kl.&P..
Ctlicyt.P.&K.C.
CUlc.8t.P.M.*U
CUlc. & W. Mich,
Cin. (ia. & Port.s
Cia. Jack & Mac.
Clu. H.o.ii T. P.
Ala. (;t. South,
.
N. Orl. & N. K,
Ala.
Vickab.
(.\:
Sh. &P,
KrlaiiKcr Syst.
Vick.-^.
Cum. Northw'u.
Clu. Ports. 61. v..
Col. & Msy-sv.
Clov.AkrouA:Co.
Clcv. Can. it So.
U i.S.1,.
Ppo. & Easfu.
Clc. ..v.\larictta
Col. II. V. JcTol.
CI. Cin. I
\V.
Uet.BayC.&Mp.
Dct.Lans'fc'it.So.
l)uliith.'<.8:A:Atl.
Duluth.i; Wliin..
E.Teuii.Va A- Oa
ElKln .Jol..tKast
Kv.iiis.V lud'ijli.i
'
1
,
Rich..
.t
T,
II.
,:
W
C ar'ia
<t
.N
Geor;jila RR.
C„
(.(
..i
_
'.
w
(..r.l:
(III
1
1
W
IlllK
.t (ir.
:r
uk
Hep.
3<lwk Nor.
l.onif iHliind
I.oui-.\- Mo l:iv. Aui^uat
Loin
;)d
'
Lon
!-d
3d
Tu.Y. 3d
i;
1..A;
wg Nov.
wk Nov
wk Nov.
wk Nor.
.Malilsliiiilc
(Jctober. ..
Mar. Si Sot. (la. AiiKUst
wk Nov.
wk Nov.
wk Nov.
r.^Iexlcaii R'way Wk Nov. 12
.Milwaiikcoijt No 3dwkNov.
MejiinhbktClia^.
7,650
75,4.M
50302
38872
429.53.')
5'J.2Sl
12.50:
»<7
^(1
2(1,730
10).5o7
.Mineral Ran^c
Minncap.it.-'t.L
October.
October.
..
..
384,7411
ii"
15,191
73,360
52,966
3.'.'3
3.VU.'i
139,225
61,487
0,198
2,575
452,303
104,910
u(i4f.«*iOi
b0,TU.'l
21.011
;Mexlcan (Viii. h\
I.Mex. Natlouul. ^d
l.'ST.lKi
G4.i!|.t
31.765
10,056
194.764
355.356
34.8146,1 tf3
81,771
71,e:3
40.69S
13,724
22-2.5(3
287.-204
1.376.711
..499.821
:.i;;(..S75-
-.723
775
I
..J, GUI
1.63lio37i 1.471.295
2,603,3321 1.076.875
M.Ht.P. iS.S.M October ..
Mo Kau.iJtTcx. i<\ wk Nov. 196.9f5i 222,460 S.:(:ti,:<.i7 S.318.239
Alo.Pac.itlrouM 3.1 wk Nov.
549,000 543,000 21
'.',604,000
Mobile & Ohio October. ..
297,4'*0
348,370
.;.e37,083
Naiih.Ch.(!fcSt..L. October. ..
473,239 491.88U l._
3.861,051
N Jersey <fcN.Y July
31,S2P
27,9o7
17.>.i,-53|
158,335
NewOrl &So'n.. October. ..
12.717
14.876
108.4SI0I
137.650
N.Y.C.&H.R... October. .. t,28».»7« 4,173.663 37,11-^ Jsl !'• i--.'.0«4
August
.".84
N. Y. L. E.
2,677.501 2,046,268
N.Y.Pa.*Ohio. August...
641,705 699.624
716
N. Y.&N.Eng.. Juuo
.lis
N.Y.ANorth'n. October.
'5t>',907
48.355
.138
3,0-Jfi,
N. Y.Ont.A W. 'lii wk Nov.
63.153
63.09
>14
N.Y fiUBq. & W. Hepleiiib'r. 163,93
15:, 124 1.277,u
....,,050
Norf. & Soutli'u ^cptcinb'r.
32,29
321.0681
Norfolk A West 2d wk Nov. 203,17
8,54 '.3 I9|
4i;i; Ti
N'thciiafn (B.C.) Scptemb'r.
:)1,9S'
.Tj.i.ooa
44,736
Norih'n Central, Scptemb'r. 650,070 6'25,019
424
Northern Pacific SdwkNov. 555,459 589,866
':22
Wis. Ct. Lines. SdwkMov.
113,673 101,416
., ,..,U3•
N.P.& W.Cenl. SdwkNov. 609, 13 J 691.282
.016,764
October. ..
Ohlo&Mias
397,323 404.958
J,517.069
Ohio-River
d wk Nov.
2I,02.j
lS,3:tl
618.559
Ohio Southern.. October. ..
60.951
60.604
024.63 7
476,636
Omah.i <t8t. L.. October. ..
51,866
48,801
473.688
401.584
OruKouluip. Co. Septemb'r
317.042 426,632 2.93.''.,623' 3,104.643
PeuuHylVttLia... October. . 6.2£>0,8S3 6,408.160 56,t89.<33!* 55,035,285
I'eoriaUcc.&Ev. 3d wk Nov
18.101
17,005
771.23,5|
766.387
rteptemb'r.
Petersburg
37,501
36.031
413.0411
390.348Paila.* Kile... Heptemb'r. 53.S,877 503.7116 3,H(>O,025, 3.803,058
Phlla.i&Read'K. Sciitciub'r. 2,11J4,923 2.124,961 16,8.'>3,349 15,070,414
Coal* Iron Co. septemb'r 1,902,619 -2,348,269 15,803,432 14,613,2i!2
Total both Cos. .Scptemb'r. 4,0ti7..'>7i 4,473.230 32,746,782 30,583,698
LehiKh Valley. Au.i;ust .
1,549,770 1,028,442
Pllt.f..Mar.&Ch. October.
3,96
4,592
32,755
37,593
Pltt.Sbcn.ALE. October,
39.42,
35,284
325,962
374.062
Pitts.&Westsy.- art wk Nov.
44,4.:5 2,135,344 2,019,806
48,631)
122.421
Pltl.Youue.&A. October. ..
117,661 1,234.829 1,090,192
PL Royal A Aug. Heptemb'r.
22,791
25,206
160,369
273,33l>
Pi Roy.&W.Car. Septemb'r.
2-2,121
27,818
194.786
290,487
Pre».itArlz.CeB: July
13,09b
16.830
74.496
75,016
yuincyO AK.C. October. ..
226,707
25,626
25,817
215,54»
kicb.i&ban. ays. July
917.431/ 1,107.020 6,986.98b 7,705,889
Rich. APetersb. Septemb'r.
25,294
267.113
250.310
28,592
RioOr. South'n. 3dwkNov.
603.344
17,005
10,420
252,547
Rio (Jr. Wcst'u.. 30 wk Nov.
44,60(;
51,500 2,332,036 2,294,608
HMCTa-^eoUnH. Octolier. ..
12,062
103.571;
89.468
13.894
20,2-20 1,-299,8.^8 1,232.414
St L.A.itr.Il lis 2d wk Nov.
31,935
3,360
29,201
10.730
Mt.L.Kcn'et.tHo. October. ..
3,493
St.L.!3oiilliw'rn. 2dwkSov.
97.000 13'2,700 3.820.O27i 3.830,460
8LP.iulitDul'th October. ..
246,621 247,541 1,7-24.881 1.487.907
tl.Frau.AN.Pac. 1st wk Nov
16.231
757.877
755,403
15,797
5.508
7,5751,004
Sandersv.dc Ten. October. ..
838
June
030,196
722,37*
tjau Anudc A. P.
137,830
107,037
Har. Am. AMou. Septemb'r.
373,350
857,070
50,700
52,820
''!>•'• .'.-Wesu August
101.127
176,101
October.
100,010
17,390
78,957
13.200
3.53.376
55,989
807,290
.tNo. October.
50.079
15936
.-..Mill ix'UUd
October.
22.669
tjouth Carolina.. October.
136,000 185.072 1,095,566 1,383,707
So. FaciHc Co.Gal.Unr.&S.A Scptemb'r. 481,358 451,312 3,226,792 3,174335
7.''iO,821
7IO,04(»
Louls'a West.. .-•cptcinb'r,
04,687 10-2,108
499,608 473.H46 3,611,475 3,7S0,e24
Morgau'tsLitr. Scptemb'r.
168,186
154.84a
30,771
N.Y.T. AMex. Septemb'r.
30.071
154,689 1,320,703 1,179^8M
143,031
Tex. AN. on.. Septemb'r.
Atlantic »».</. Septemb'r. 1,273.967 1,'J38,393 9,091,946 9,089310
I'neptemb'r. 3.426,684 3.663.815 30,445.050 87,839,608
Pa
'1
Sepicmh'r 4,700,651 4,893.'207 85,537,595 30,308.913
Co,
^eplemb'r.
221,775 856,703 1,094,084 1,740,96»
778.652 066,336 6,804,884 4,937,959
Svu.i'iv.n .u.rSeptemb'r.
Arizona Ulv.. ISeptemb'r. 171,688 173,719 1,430,670 1,437,712
771.462
742.637
89,625
80.010
New Mex. Ulv. ISeptemb'r.
' \Col. S«'ptemb'r.
80.809
99,880
13,160
9,870
840,919
831313
93,963 105,289
R. T '^cptemb'r.
7,2M4
51.010
48.887
Mt i.Heptemb'r.
7,331
tier. ..
133.416
Uln:
(II
•cr.
96,862
-s9
Till
220.877
'•r.
iW
I
•
dr. II
3,07.i,ii>4i
I
,,
!• t.
Cf a.
8.486
63.870
i
CtiL.'^hawnecAU
Colu.-u it Lake..
Conn, lliver
Current River..
Ueuv. ik Klo Gr.
;
..
Nov.
ber. ..
46.748
36.302
.list.... 1,648.770 1,524.442
i
•
Ches. U. &.8.\V.
Chic. Bur. i No.
Chlo. Kur. & Q..
l..,iii-, .V
ler.
i<
i:i.'.
'
Cheraw.&Darl..
Cbcraw.&Saligb
Che».&Obio-...
1'
6.
3.;.
S.O'JS
,
Cnur.Cln.&Cliic,
Cliai U'St'ui&Sav
Cbar.sum.iSc No.
r
8.100
34,1)63
Nov.
.
CeiitralPacltlc..
Central of 8.
i
7,J71,.^!»9
l,770.(i91)
39.604,113
502,915
3'J.4im
:<
I
I
0.'.J73
101,360
Nov.
KiI..I
IJ.Oi
Nov
I;
<
Kai.
Nov.
kNov
k
34,4^.'>
.
Ciir.
Des. M.No.
2,126,764
30,339,398
130.a4ft
41,186 l,0.'\(i,472i 1,525,773
211,7871
3,00
38,043
50«,H63'
30.826
489,333
7.614
3MI.I04I
383,003
27:i,:iiT>
-'»'1.14.»
5,030
100.426 4,21'^
173
27,050
04'i.
.171
'her. ..
'lor. ..
<
Ka
I
Allegheny Val
•>,7tto
V'l 1 :
1
In.v
law
Loll
lAJU.bl
Atoh T.i
1
Mill
L.Uock.V.M.in.. Jd
1891.
1
Il;i:
lA-li:
Jan. 1 (o talut Dau.
a-. 441.
17.9s J
lU'l.
Ix-1
RAILROAD EARNINGS.
AM
t^HM
1M3.
Tr.
II
'
»...
.NuV.ill
WkNov.l2
If.tM. WkNov.1'2
0,-id«i003
.71
37,088
.....2M
89a36&
J(>4.660
.763,100
Miini.uiii c.-iit (»etober.
..
li'l.Jt U.l.ch.l-.\1
:
;I73
--•3
ifi
.
.
..
.
THE CHRONICLE.
81^2
WcekorMo
3d wk Nov.
Tol.8t.L.(fcK.C. SilwkNoy.
Tol. & So Hrvsd SeptemlJ'r.
Ulster
&
We8t.
& Del
Jan.
Latest Eartitngs Iteportcd.
BOADS.
Tol. p.
:
.
Septemb'r.
.
1892,
1891.
17,544
42,231
2.4K9
42,269
20,149
40,198
2,680
37,955
1 to Latest Dale.
2(J
[Vol. LV.
week of November.
1892.
1891.
1892.
859.842
1,940.669
19,771
326,789
1891.
Inereasc.
Dccreatc
$
Mexican Railway
Mo. Kansas & Texas
Sew York Ont. & West.
Norfolk & Western
838,602
1,742,990
20,751
298,640
Oliio
61.614
198,968
6 1.153
203,177
21.025
17,421
31,9*5
17,514
.
River
71,613
222,460
63,997
212,805
6,969
25,492
841
9,628
15,321
26,2 J7
29,229
20,149
5,704
"8,816
So. Joseph & Gd. Island.
'2,706
5.291,968 5,621,903 8t L. Alt.&T. H. Kr'oaes
"2,605
3,238,373 4,026,236 Toledo Peoria & West'n..
U.Pac.D.&G. Septemb'r. 514,111 574, 418 4.264,175 4,131,306
Totil l74road81
8,266,170 8,519,165
227,315
430,310
17,421
26, 237 1,047.8 Jti
Bt.Jo.&Gd.Isl 2dwkNov.
772,244
Vet deorea3e(297 p.o.i
252,995
All other lines. Septemb'r. 2,5,'>6,72- 2,261, ,787 17,287,596 15,913,611
TotU.P.SjP. Septemb'r. 4,394,63 ^ 4,192 539 30,976,322 30,309,410
503,807
Oent Br.& L.L. Septemb'r. 143,759 100. 585
978,053
Tot. cont'led Septemb'r. 4,538,443 4,293, 121 31,954,375 30,873,217
Net Earnings Monthly to Latest Dates.— The table fol86,814
44, 618
531,313
Montana Un Swptemb'r
813,958
2.483
22,458 lowing shows the net earuiags reported this week.
Leav.Top. &8 Septemb'r.
2, !<50
25,593
full
4,254
4, ,254
Man.Al.&Bur. septemb'r.
30,561
29,562
93,5'.0
51 ,8.Tl
584,362 detailed statement, including all roads from which monthly
Jointly o'wnetl Seiitemb'r.
869,112
Grand total Septemb'r- 4,585,218 4,319 ,050 32,388,931 31,165,398
20.8-^4
18 ,588
1411,154 returns can be obtained, is given once a month in these
152.150
Vermont Valley Septemb'r.
262,000 291 .000 12,346.0t;9 11,964,207
2d wk Nov
"Wabasli
Septemb'r.
168,053
190,
,083
1,354,328 1,310,853 columns, and the latest statement of this kind will be found
"West Jersey
91,713
99 755
921,959
W.V.Cen.& Pitts October. ..
907,092
39,410
39 430
Western of Ala- Aueust
342,839 in the Cheoniole of November 19. The next will appear in
303,334
102,000
West. Maryland. October. ..
90 925
77,400
West.N.Y. &Pa 1st wk Nov
69,,'00 2,991,774 3,117,098
the issue of December 17,
36,331
23,,583
110,981
West Va & Pitta. August
212,971
Net Earnings.
aross Earnings.
26,301
23 ,588 1,286,216 1,147,003
Wheel. & L. Erie td wk Nov.
1891.
1892.
1891.
1892.
61,565
66,1,899
Wll. Col. & Ana Septemb'r
678,042
568,993
Roads.
$
$
Wriehtsv.&Ten. October ..
7,000
8 ,230
57,289 _ 72,819
Baltimore & Ohio* Figures cover only that part of mileage located 1q South Carolina'
585,319
548,903
Lines E.O.R b ...Oct. 1,759,629 1,774,334
tEarnings given are on whole Jacksonville Southeastern Syst«m.
Jan. 1 to Oct. 31. ..16,51)3.260 15,959,2-iO 5,364,807 5,446,700
{Mexican
<J Includes earnings from ferries, etc., not given separately.
July 1 to Oct. 31... 7,219,947 7,230,262 2,557,111 2,b69,879
currency,
a Tol. Col. & Cm. Included for the week and since Jan. 1 in
i;:2.125
98,589
553,238
529,457
Lines W. O.R. b... .Oct.
l)oth years.
834,857
743,779
Jan. 1 to Oct. 31... 5,123,709 4,624,550
472,904
359,017
1,987.713
31...
2.189,297
July 1 to Oct.
Latest Gross Earnings by Weeks.—The latest weekly
645,492
707,441
Total system. b.... Oct. 2,312,867 2,303,791
Jan. 1 to Oct. 31. ..21.686.968 20,583,830 6,199,064 6,190,478
earnings in the foregoing table are separately summed up as
3,030,015
3,028,896
31...
9,40i),243
9,217,974
JulyltoOct.
iollows:
34«,523
180,507
174,384
322,581
Col. H.V.& Tol... b Sept.
Only 27 roads have furnished returns thus far for the third
Jan. 1 to Sept. 30 -. 2,462,437 2,377,755 1,133,658 1,123,669
20.441
16.547
week of November. These show 1'13 per cent gain in the DesMoNo.&W
35,991
39,682
Sept.
24u,758
135,819
82.897
300,386
Jan. 1 to Sept. 30...
aggregate.
32,713
92,438
52,331
109,441
July 1 to Sept. 30...
14,480
10,420
GreenBay W. &St.P.Oct
1892.
3(1 week of Kovember.
1891.
Increase.
17,910
35,060
July 1 to Oct. 31
N. Y. Phila. & Norf..Sept.
s
S
128,2'20
132,032
620,657
Sept.
30.
.
620,883
Jan.
1
to
4.96.000
Canadian Pacific
485.000
11,000
43,119
,50,861
216,307
212,265
July 1 to Sept. 30...
'5,760
200,940
Chesapeake & Ohio
208,700
746.404i
752.681
Chlcaeo Milw. & St. Paul.
6,277
Penn. (east P. & E.)..Oct. 6.290,883 6,408,160 2,089,114 2,474,761
27,448
Chic. Peoria & St. L
24,529j
2,919
Jan. 1 to Oct. 31... 56,889,638 55,935,285 16,597,705 17,955,814
33.184'
41,356
«hic. & West Micliigan...
8,172
Inc. 220,791
Inc. 303,881
Lines west of P.&E Oct.
192,800
Denver & Kio Grande...
180,300
12,501)
Inc.
18,534
Inc. 2,874,491
Jan. 1 to Oct. 31...
Petrolt Lansing & North.
23,691
21,701
1,990
59,600
71,800
Tenn.Coal,I. &RR.t.Oot.
Evansv. & Indianapolis.
6,650
380
6,270
691,700
508,800
1
31...
Feb.
to
Oct.
Evansv. & Terre Haute .
21,403
24.110
293
405,006
38,502
Grand Trunk of Canada.
410.594
121,383
39,038
133,491
5,538 Wheel. & L. E
b.Sept.
Long Island
75,454
114,401
110,732
73.360
347,782
2,094
392,894
July 1 to Sept. 30...
38,S72
Louisv.Evausv. & St L..
35,143
3,729
59,284
Iiouisv. N. A. & Chicago.
51,487
7,797
a Net earnings here given are after deducting taxes.
12,50Louisville St. L. & Texas.
9,198
3,309
b Net earnings here given are before deducting taxes.
Mexican i entral
157,118
116,163
10,953
Bardeleben Coal & Iron Co.) included only
i Bessemer Division (De
Milwaukee & Northern..
34,765
40,5981
5,833
in 1892.
Mo. Pacific & Iron Mt
549,000
513,000
6,000
'34,407
589,-<66
Northern Pacific
555,159
Wisconsin Central
113,673
101,416
12,257
Interest Charges and Surplus.— The following roads, in
Peoria Dec. <fc Evansv...
18.101
17,0li5
1,096
their gross and net earnings given above, also
Pittsburg & Western
44,600
51,500
6,900 addition to
Elo Grande Southern
17,005
10,420
6,535
report charges for interest, &c., with the surplus or deficit
44,6''
"6,966
Bio Grande Western
51.500
above or bslow those charges.
Texas & Pacific
179,905
168,548
11,357
"* Toledo & Ohio Central..
47,4 38,932
8,524
r-lnter't, rentals, lec— ^Bal, of Net Earns.~>
Toledo St. L. & Kan. City.
42,250
2,0.^3
40,197
1891.
1891.
1892.
1892.
Wheeling & Lake Erie .
26,d04
23,588
2,716
Eoads,
Hf
^
9
$
53,200
38,000
18,600
23,600
I.
ifcKR.tOct.
Tenn.Coal,
Total (27 roads)
4,187,326 4,130,713
122,001
65,388
184,800
324,000
212,900
478,800
Feb. 1 to Oct. 31...
Net increase (113 p. e.)
56,613
Union Pacific—
Or.S.L.&U.N. Septemb'r.
Or.Ry &N.CO. Septemb'r.
667,389
637,'737
520,98i»
617 521
.
A
.
.
.
,
.
_^
.
,
*
Includes Tol. Col.
&
Cin. in
both years.
ANNUAL REPORTS.
For the second week of November the completed statement
covers 74 roads, which in the aggregate show a loss of $253,995
or 2'97 per cent.
'
2d week of November,
1892.
1891.
Increase.
We8t«rn Maryland Railroad.
fFor
Decrease.
Previously rep'd(27 r'ds)
Atch. Toi>. <t San. Fe 8ys.
St. Louis & Shu Fr. Sys.
Colorado Midland .
Bait. & Ohio Bouthwest.
Buflalo RocU. & Pltvsb.
Burl. Ced. Ban. & North.
.
Chlcaao & East. Illinois..
Chicago & Grand Trunn.
Chicago Peoria & St. L...
Chicago St. P. & K. City.
Chicago & West Michigan
Cln. Jackson <v Mackinaw
Cin. N. O. *t Tex.Pac.5 rds
Akron & Columbus
•Oleve. i;in. Chic. 4 St. L..
Cleve.
Peoria
Col.
& Eastern
Shawnee & Hocking.
Detroit Ur. Hay. & Mil...
Detroit Lansing & No
Duluth 8. S. & Atlantic.
East Tennessee Va. & Ga.
-^lint & Fere Marquette.
.
Qrand Rapids & Indiana
ClncinnaliB. &Pt.W..
Other lines
Grand Trunk of Canada.
Interu'l cfe Gt. NortU'n
Iowa Central
...
Mem. & Birm.
Western
Xjake Erie & Western
Kansas
C.
Keokuk
<&
iiouisville
Louis. N.
& Nashville...
Albany
Ixniisville St. L.
<k
Chic.
& Texas.
Memphis & Charleston ...
4,105.143
82.-.,084
176,740
41.467
4-,458
64,618
9 1,109
8'<,41»
67.244
25,7.56
89,175
38,841
12.815
152.995
19,790
26. ,145
27,999
15,940
20.038
24,885
33,207
111.541
53,965
47,459
9,155
3,957
409,0i3
Ha,597
41,924
22,498
8,02i
62,8 76
429,535
59,201
10,9lO
26,7 <9
4,236,579
795,411
100,110
29.673
197,(100
39.593
54,201
52,729
97,430
54.010
7 .',000
24,671
117.105
31,515
'2o',2'6"d
1,874
"2,'3'2'i
'34,4'09
"4',7'5'6
"1,085
J.
Stated separately, the gro.s3 earnings of the Baltimore &
Harrisourg Railway were $201,281, the expenses $114,865 and
the net earnings $86,6 5. Net increase over 1891, $21,662.
There were moved during the year 1,298,063 pissengers and
998,938 tons of freight, the train performance being equuva»
'27,930
'"7,326
40
26.603
1,239
29 1,010
36,114
29.865
8,415
17,591
23.511
1,651
3,503
53
32.274
141.919
49,716
42,0^3
3,632
9,016
4,001
IOj
414,604
101,690
44,186
13,907
21,
"5',74'3
'ii",90'9
1 '2.8 55
179,5.J8
18,5S1
231,516
the year ending Sept, 30, 1892.^
M. Hood, the President of this company, remarks in
his report that of the $86,236 chargdd to betterments, *33,221
was for new equip nc ni, $15,417 f.jr new buildings, $8,226 for
imuroved bridges, $15,420 for steal rails for branch lines, $11,450 for new side tracks and stone ballast, $1,389 for new water
stations and 1,109 for stationary machinery, etc.
Mr.
933
30,378
4,249
5,436
46
5,571
2.. 050
2,262
4,352
8.308
65,32
439.22
2,452
9,690
283
56,75.)
2,448
10,314
31.828
566
8,089
lent to the movement of 24,739,592 passengers and 40,514,033
tons of freight a distance of one mile, which, compared with
1891, shows an increase of 1,078,992 passengers and 2il,605,106
tons of freight carried one mile.
Tiie amount paid for use of tracks of other roads in this
Tliis amount does not
city during tue vear was $115,830.
appear in either" the earnings or expenses of this company,
but, as heretofore, was credited to the owning companies direct
SB their share of joint business.
The President says
"Just assure as the amount of trackage paid has about
quadrupled in the past seventeen years will it again double
within the next few years, when, under present arrangements,
the company would be paying, say, $230,000 trackage, or
interest
on over $3,000,000 more than the
cost of independent
facilities.
" While most roads have suffered a reduction of net earnings daring the year, either from decreasel business, lower
:
:
NoVEMBKR
'
THE CHRONICLE.
86, 189S.]
iucrcswU pxp(>nge<,
V i-< :\bl' to 8lM\v aa
I
mutt prove Kratirying that
it
iiicrea»H of 1178,041) in
kmw
111
A
n«t purniu«ii.
:
;
/
,
.
,
Total
OperaliDg ezpeusee
773,468
517,742
812,0."55
Net earnings
S«ttcrmenta
255.726
101,218
277,871
65,684
Balauce
534,184
154,503
Baltimore
212,187
& Ohio
904.378
571,169
1,0SS,321
333'2il9
392.293
86,236
81,770
251,439
691,028
306,057
1888-89.
1889-90.
9
14.669,446
4,913.838
406.021
1890-91.
*
»
17.422,583
6,612,435
524.431
644.245
830.471
26,034,168
790,039
732,5.56
Total earnlDga... 21,303,001
24,412,096
24,530,395
Eii>re?s
"li^icllaneouB
5.6I4.2.'>1
519,509
554,132
523.B.'>3
—
'
rjientes
-es....
-;ior....
.iiiiicnient.
1,364,449
7.696.336
jiaiMi ..1
2.990,331
Malnt.ofway i&atruo. 2.755,726
1.569.326
8,979,089
3,332.093
3,086,362
Total expeuses... 14,810,844
Net eai-niogs
6,492,158
16,966,870
7,445,226
The al)ove earnings in 1890-91
divisions as follows
and
17,078,233
7,452,162
,
.
rear end. Sept. 30.
$
Main Btem Division. 12,031.582 12,342.990
Parlteraburtt Braacli.
79 1.2 '5
856.213
by
.
$
4,613.672
l«0.63t
190.767
556,457
4,318.043
981,796
54,212
69.200
187.542
255,360
975..5vil
12-(.4S3
Central Oliici Div
1.365.564
LakeErii^ Uivisiou.. 1,106,819
145,026
2,5J6,815
1,419.931
1,03!,207
149,979
3,067,583
27.376
233,055
Def. 3,315
Def.31,742
24,530,395
26,034,168
7.452,162
7,438.366
Totals
205,425
648,236
73.936
22.7H9
285,9S»9
1889-90.
9
eamingu
M oiher income
t
:
earn.
I
income
7,452,161
1,259.877
7,438,367
1,866,000
7,768,018
357,<>51
8,955,063
376,172
8,712,039
190,767
9,304,3K7
205,425
7,400,367
8,578,891
8,521,272 i>,098,941
Ao
6,203..562
.ideiids
'300,000
Total
6,508,562
891,805
irplus
I'Ui wbii'h were paid to
rotire bond, debt viz.:
Car IniBt l;.)ud^
To t ity ol Halt, lor the
i>iiiTliU(i('of its int.in
Pitta ..VC'ou
...
Caidi a ppro i>ri atluns to
»lnkiu»t funis
Souier. A Canibr. BB.
tralBc bonds
KK
Total
Leavtug a balance of
6.417,599 6.429,098
'300,000
*300,000
6,717,599
1,861,292
6,729,098
1,792,174
6,639,222
1612,428
7,251,650
1,847,290
250,000
350,000
350,000
550,000
40,000
40,000
40,000
40,000
K.ale.tai
,,ir
,„..rt
tout
of ..
B. A O. Kit
56,987
58,053
53,058
59,057
35,.500
33,000
33,500
36,000
471,558
1,320,^16
1.173.232
481,058
1,380,234
t
.-.flg
l.Wa.m
I3,28«,139
4.706,860
11,577.416
83«.904
M7,8i>7
ie»,8«»
9M.27S
«0.
.'»»ei.
hr
....
ttie
674,057
4,70tf,130
»,>"•.•»<»
Co aud U.JiO.A C. RR —
Reprewnt«d I17 bonds
•7,744.000
Xeprcseiiind
utook
l.y
•';'
"•*•
'
'
-<'oH
''
I,503,i50
...
r?
i.-A
UneRB.
;,'„•••-.
S
li
'
I.
'
183.64»
ai6.9«l
Alex. Br of he Waab.
lid
KK
Branob Railroad
Kquliiuieoi of B. *0. Car rnut—
CouAislInK June 3o,l893,or U6 engines,
Pbllidt'l|iliia
540,000
540004
7,026.329
7.038
42I
••
".
3,500.000
300,000
3,500,000
80J.000
•>«««*Ke. 8 refrigerator
""J'S^SE"*"'''*
and
3.356 freight cars
Equip. Trust 8«r.A, 3 annual parm'U
Kquip. Truat, 8er. A. equip, in exo«M
«598
uf :|l,0U0,000
Equip. Trust, 8er. B, 1 annual pajm't
Betterment— Oar Tr. Cart, B.AO., '87.
''
" Series A...
" Serlea B...
o. .
,
Sinking
fund.
UninvcHlHd lueremont and approprla11 .U9 of Hluklngfunds
Bonds uiKl HtaokK beld by trustees aa se-
H»»
aa,8M
384
1.163
10,485,416
11,103,1U
170,803
76 353
31,060,187
ll,lo0,748
31,060,180
13,776,008
8,264,973
1,672.147
396,691
1,271,423
1,293,788
8,0)0,338
3,495.299
411.207
1,387,979
1,318,287
1,345,796
1,187,919
1,219,243
3,t2l,95l
$132,541,940
9140,116,960
curtty for bonded dolit
Bonds aud stocks of other tnoorporat'ns
Advances for construction and permanent Improvement of lines leased and
railr'ds in gen. account.
balances due from counect'g lines
Bills iiud acconuls receivable
Materials on hand (snpidles, fuel. 4o I...
Due from ag.uts, current freight and
paa.«euger balances
Ca-sh
Totals
'i
200.000
17 440
14.S90
37.201
,
,
LiabUitiet,
&g<.30,
'91.
June
$3,000.(X)0
3,0011,000
Common
14,784,600
7,9«6
Boudssecnred by collateral
Bonds assumed by tbe B A O.
Hinklngfunds
Uui'laimcd dividends and interest
Bait A O. employes relief deptrcmem
Wash. Br. RK.. Incl. annuity of 920.000..
Due to otherroads on general account....
1 raffle halancs due connecting lines
Accrued interest on funded debt aud loans
to JuuflSU, ti92
Acoruedrentals to JuneSO, 1892
Aocmedtaxesto June
30, 1302
16.918
25.381.000
25.990.000
31,9X4,000
630.000
338,8.48
76.351
24,838
301.005
842.254
6^7,335
207,271
1,200.571
122,223
1,126,203
117,100
278,721
3,433.970
958,851
1,858,234
625,9^3
31,823
10,217
27.124,081
1,640,809
1,035,414
34,530
lt,48l
34,177,735
9132,541,940
9140,116,998
Special loans and bills payable
Pay-rolls
Accounts payable
Individuals and companies
Unclaimed wages
Waues attached.
ProUtandlosB
Total
'M.
972,139
32,244,u00
680.0K>
170.802
27.114
285.019
915,357
426.586
RR
30,
98,000,000
2,000,000
24,995,700
13.196
Qronnd rent linns— Capitalized at 6 p«r
cent— Main Stem
673,136
Ground rent lieMg— Capitalized at 6 per
cent— Philiulelphia Branch
16,917
Bond.s secured by mort lien main line
35,831,000
Bonds secured by mort. lien and ooiUteral 25.4 12.000
250,034
3,361,530
031,878
Baltimore & Ohio Sonthwestem Railroad.
CFor the year ending June 80, 1893.^
The annual report of Mr. B. R. Bacon, President,
will bo
found on a subsequent page.
Statistics compiled for the Chronicle are as follows
OPKBATIOSIS AKO FISCAL KUtlLTS.
1889-90.
Miles operated
378
189041.
386
:
1891-93'
396
OperaHont—
Passeugera carried
1,342.9.V4
1,963,609
1,551.741
Passengers carried one mile
30.242.738 35,383.402 34.757.908
1-72 eta.
Kate per passenger per mile....
l'7iots.
1*70 ots.
Frrli;ht(tous| carried
1,726,267
1,730.J57
3.103.618
Fr<<itfhl (tons) carried ono mlle..l86.'i7t.096 163,9d2.956 230.017.288
0-7809at«. 0-8839ots. 0'7723aU.
Rate p«rton per mUe
PaasMgan
Krelght
Mail,
expreM, ete
Total
940.347
1,474,660
272,000
6<^.408
909,907
1,447.053
1,77S.49S
274.121
375,098
2,396,019
3,326,971
9,948.743
306.300
169.643
832,111
54.«38
300,387
970.899
189,003
807,734
99,980
344,338
198,139
900,343
60,909
11598,830
1,973,890
793,831
1,710,104
038,940
Kzpetuet—
I'^inipmeut
Ti ansportotiou
Taxes aud as«9aamenta
372,487
519,318
..f
IrefMgroad car*. .
I
;
Way .nd structotes
per cent on Ixt and 2d pref stock.
prrf. stock and 1 U per c«nt on oommou.
*
9
on bonds, rent-
N. taies,
>
1891-92.
9
7.445,226
1,509.837
Wash, branob..
liable
I
1890-91.
.6,192,157
1,265.861
Total
I
1,313,424
.i!,::i
199.123
Def.10,627
333,721
624,145
INCOMB ACOOUHT.
9
,
.
11m.-,
I'"
„''.^',''"^,'
2,116
The income account for four years compares as follows
1888-89.
(.,
Scrip
768,489
2,056.414
3.090,404
669.256
347.647
Aug. 1,1891
:io.
"--.
itt>-
"
W»»lilU){ton Branca..
726,419
Pliiladetpliiit Lloe.... 1,899,638
Pittsburg Uivisioii... 2,8>'0,391
,Wlieel.Pitts.& B.Div.
653.012
Midland Division. ...
344,458
Btraltsville Divislou.
Cliloa:ioDlvi.siuu. ...
Akrun Uivi.siuu from
<••".
"Ilow-Jf?
i:.,sJ:!.*3a
^ . St.
.
^
Stock—
preferred.
1
2d
"
18,595,801
7,438,367
JTrt Karningt.
1890-91.
1891-92.
$
:$s
R.a.,B.,.,wood,-W.V».-
.K.:.tPark«r.bg,W.Va.
„.
1.60S,8S3
1,730.459
9,177.001 10.104,0m
3,309.439
3,559,909
2,982,910
3,201,415
1891-92 are analyzed
Orots Earning:
1890-91.
1891-92.
.
1891-92.
9
16.813.020
5,971,541
493.512
610.064
639,223
Paasengers
Mnil
""I''!i.Vh
Due rr>m other
18,991.647
4NU JURK SO. 1«*9.
A990lt,
Triiflie
The annual report of President Miyer for the nine months
ending June 30, 1«93, will be found elsewhere in the Chronicle, together with the income account in detail. In order to
preserve a comparison the results are also compiled for the
year ending September 30, and we give those figures below.
lARNINGS AND EXPBNSES TBAB ENDIKO SKrT. 30.
BaTHtngt ftvm—
KtlKKT* nurt. 30» IHUI.
operated
Railroad.
("For the year ending September 80, 1893.^
FreiKilte
OtHBRAL MALAMCK
this
earnlarger proportion of the
gi
;« woulil hnvo liei-ii n >l but for the fact that they
wen iMi},'. ly (i^riveJ from lo^v-ratf through biiKine^'i, haiiUled
in HiK'h volurue as to iiicroaxe llit^ tonuaxe about 71 per coat
suJ tli<' ton luilfuge alK)iil 11)3 per cent, with t'lo attend tut
cost, iiichulitiK lliat, of furfigii c-amervioe, while the operating
expenses also iiicludi- unuiually large outlaws in rebuildiuK
liH'oniutivcs and renewing bridges upon branch roads."
" The increase in net
The report concludes an follows
earninRs for the past two years has been $114,4a3, which, capitalized at 6 |>er cent would Kive $8.atJ8.445 as the increaae in
value of the property during that tim", and thi< praciieally
without any coniribuiion of revenue by the I'otoiuac Vulley
Railroad or, in other words, during the short time in which
the city lias been importuned to sell the road at an almost
nominal price, its value, based upon the actual increase of net
eammgs, has advanced over two and a-quarier millions, that
is, over a million dollars a year."
Earnings and expenses of the Western Maryland lines were
follows
1888 89.
1889-90.
1890-91.
1891-92.
rom8
«
«
«
''»
328.588
340.032
•
378,S90
403.713
390,847
41H,805
43».805
629,812
r."
"V,""*""
MuU uud mlscellaneouB
54,233
55.218
89,«83
So,29tt
'1,084
iiii
,
898
Ueneral
Total
Net earnings
743,187
391430
390333
MCOME AOCOUMT.
Btcetpla—
Net earnings
Uther reoelpta
189»01.
9
792,«21
8,682
1801-03.
9
938A49
2,987
6 per cent on 1st and 2d
Total
796.503
041.93*
o
THE (]HR0N1CLF.
894
Boston & Maine.— A summary of the report is given in the
paper.-i, and iu advance of the full report iu the
Chronicle the following is condensed for the year endinc
412 September iSO, 1892
45..510
LargH outlnys have been made for double-tracking certain
13a9,O0O
$
$
oil
liitereet
on C & B. morigage liouds
Total.
'.
BuriiUis...
Assets—
—
incomes
1891.
1S92.
»
S
35 ,549,456
37, .500
37,5(iO
109,908
278.5-3
350,037
87,634
30,355,727
30,413,118
2.500,000
2.500,000
30,600,000
251,602
13,600
278,209
124,968
90,287
2,500,000
2,500,000
30,600,000
36,353,727
36,413,118
Cash
Total
first
136,134
14'?, 825
420,738
47,469
Hlscellaneous
'Liubiliii' s
Btok. common
Btock, preferred
Supplement)
Interest ou bonds accrued
Interest on Incomes
Auditf d voucbers and wages
Other aceomits
Income account
Bonds
(see
Total
I'eoria Decatnr
the road, put'ing in siding, building bridges au'i
depots, bDllastiu;;; the road-beJs and adding largely to th
equipment and rolling .stock.
Tlie floating debt has been praclically retired, says the report.
The total transportation e irnings for tlie year were
$16,076,852, an increase of $894,19) over the previous year:
total receipts were $16,6J8,«U3, an increase of ^936,607 over
the previous year; op-rating expenses were §10,700,434, an
increase of $654,960 the net income was §5.903,169 surplusof nyt income over fix?d charges, §-3, 015,747 amount avail.
able for dividends, $1,93S,80U dividends pail, 81.478,133;
balance in excels of all charges and dividends. $490,083.
Of
this amount 5425.000 wa^ credited to the equipment fund,
leaving $65,068 to the credit of profit and loss a-jcjunt.
PasseDgers carried were 33,089,934, aninorea^ie of 3,333,199r
toi:s of freight carried were 7,443,135, an increasa of 677,881;
the miles of road operated were 1,310.
The equipment row consists of 405 locomotives, 914 passenger, baggage, mail and expre.-s car.-s; 9,798 freight cars, 164
caboose cars, 96 tool cars and 66 snow plows.
The total amount expended during the year for new rolling
stock was §638,978, of which $3 >4,187 was charged to operaling expenses and 5374,790 to equiument fund.
The capital stock of the road outstanding S?pteinber 30
1893, wa5 31,498 shares of preferred and 183,330 shares of
common stock of the common stock 9,453 shares are held by
the Trustees of the Etslern Riilroad as colUtaral security for
payment of its certificates of indebtaduesj aui 3,433 shires
are held in the treasury. No dividends are paid on this stock
or on that held by the trustees of the Eastern Railroad.
For the quarter ending Sept. 30 tliis company reports to
the Massachusetts Railroad Comruissionerj as follows
seotiojjs of
833,277
53,259
35,574.061
Blocks owned
Materials on liar.d
Accounts receivable
d^ily
:
35,470
21,033
* Four per cent on first incomes.
per cent on
t Five
and one per cent on seconds.
GEKERAL BALAKCE JUNE 30.
Bead and equliiment
503,325
480,015
23,310
1,275
10,870
•220,000
luterest on car trusts
B(ntcrn.euts. Ac
Interest on Income Ijonds for previous year.
LV.
1891-92.
1S90-01.
flihtmorteoge bonds
lEtcrest
IVoi,.
251,6(12
14,850
323,741
79.319
143.515
&
EvansTillc Ejiliray.
("For the year ending June 30, 1893.^
The President rep irts the c.mditioa of the road as vastly
improved since the last report and better than it has ever
been. The entire main line is laid with steel rails. There
have been constructed six steel bridges during the past two
years, including one over the Wabash River at Grayvillp,
nearly a mile long, acd other bridgea have been permanently
improved, A number of new stations have been built and
350 freight cars added to tlio equipment. The country adjacent to the line is reported as growing in population and improving in condition. Peoria is the second city in size in
Illinois and Evansville the second in size in Indiana.
Statistics of earning?, Expenses, operations, etc., have been
compiled for the Chronicle as follows
OPEHATI0NS AND FISCAI, BKSULTS.
;
;
;
;
:
—
:
^Qicitr. end.
Scjil.
lS9i.
30.-v
1892.
^Ycar end.
Sept.oO.-^
1890-91.
1891-92.
$
$
Gross earnlntts
Operating expenses
4,421,761
4.771,186
3.056,375
Net earnings
Otherlncome
1,696,837
350,883
1,714,811
6,250,435
155,465
373,537
Total
Int., rentals
1.847,725
5, (129,972
5,906.16'
068,052
1,870.276
933,061
3,960,032
3,860.4:;.
879,673
937,215
1,669,920
2,043,743
2,7:^4,924
$
£
14,240,963 16,133,220
8,984,523 10,(i(iO,352
5,-:
4:;
:
—
1888-89.
1889-90.
1890-91
1891-92.
Operations
Passengers carried
284,015
272,033
285,106
325,438
Pass, carried onemillo... 6.611,311 6,593,433 6.514,296 7.669,783
Av. rate per pasc. perm.. 2*645 cts. 2-62S cts. 2-744 cts. 2-564 cts.
Freight (tons) carried
392.202
364,361
457,285
48.i,382
Freight (tons) car lniilo.42,036,851 39,854,008 52,21S,460 57,179,957
1-029
0-942 cts.
Av. rate per ton per mile. 1 093 cts. 1173 cts.
cts.
Earnings—
Passenger
Freight
Mail, express, eto
Total earnings
Opcr.expeuscs utid taxes.
Net earnings
$
$
$
175,650
<59,609
105,328
173,111
467,389
138,412
178,784
537,434
117,249
740.587
458,549
282,038
,
.
$
196,681
538,898
101.236
778,912
456,461
833,467
500,356
836,815
496,081
322,451
327,111
340,734
INCOME ACCOITNT.
Receipts-
Vet emmngs...
Other receipts.
Total
1888-89.
1889-90.
1890-91.
1891-92.
$
282,038
*2S8,500
$
322,451
$
327,111
340,734
540,638
322,151
327,111
340,734
277,993
9.978
39,250
28.500
12,267
5269,820
269,820
3,027
16.707
22,583
28,500
269,820
DeductInterest on bonds
Interest on equip, certs..
Interest on Heating debt.
Jiquip. certs. purchased..
Kentals
Accounts canceled
Total
<
5,337
11,0.34
33,000
28,500
367,988
347,691
340,637
6ur.l72,550 def.25,240 def.13,526
Balance
1,417
24,103
8,000
28,500
331,870
sur.8,864
& P. Un. stock transferred, $250,000.
result of operations for four months since close of fiscal year, July to Oct. 81, 1893, show as follows :
Gross earnings
$316,078
Net earnings
$158,081
Charges
122,977
•Includes P.
The
Surplus
;
$35,104
GENERAL INVESTMENT NEWS.
Baltimore & Ohio.—The old board of directors of the Bal& Ohio Railroad Company were unanimously re-
timore
elected at the annual meeting of stockholders. The directors
are as follows James Sloan, Jr., William F. Burns,
H. Blaclsford, Aubrey Pearre, George DeB. Keim, Wesley A.
Tucker, J. Wilcox Brown, Maurice Gregg, William F. Frick,
George A. von Lingen, George C. Jenkins, Charles J. M.
Gwinn. The total vote cast was 125,359 shares out of a total
of 250,000 shares of the common stock of the company. The
trust stock, consisting of about 92,000 shares, was voted by
President Charles F. Mayer, in whom this power has been
vested by the terms of the trust. The stock voted, besides
that held in trust, was mainly the Baltimore holdings. This,
it is said, accounts for the small vote, which is a bare majority
of the entire stock issue. The newly-elected board will meet
December 21 to elect a President. Mr. Charles F. Mayer will,
it is atsumed, be re-elected without opposition.
:
Wm.
& taxes
Surplus
Buffalo Rochester & Pittsburg.— The stockholders of the
Buffalo Rochester & Pittsburg Railway Company met 1:1
Thursday at Ridgway, Pa., and ratified thejproposal to aw uranfee 6 per cent on the stock and 5 per cent on the bonds of
the CU-arlield & Mahoning Railway Company, a corporation
formed and leased by the Buffalo Rochester
Pittsburc; Company for the carrying out of the latter company's traffic contract with the N. Y. C.
H. R. the Beech Creek and the
Philadelpliia
Reading R. R. companies. See last issue of
the Chronicle, page 858.
&
&
&
,
Called Bonds.— The following bonds have been called for
payment:
Wksterk Railway Co.— Eijuipmext
Milwaukee Lake Shore
Bonus of 1885.— One hundred bonds will bo paid at 105 upou preseu
<fe
tatiou at the office of the company. No. 52 Wall Street, New York, 011
and after Dec. 31, 18ii2. luterest thereon will cease on Jan. 1, 1893.
The numbers and other details are given in our advertising colum)i8.
Central Park North
&
East River.— In pursuance of
the
action of the stockholders of the Central Park North & East
River Railroad Co. (Belt Line) last week, the lease of that
Pavonia Ferry Railroad
road to the Houston West Street
has been executed. The Metropolitan Traction syndicate,
wliich owns the last-named companies, also owns a majority
of the stock of the Belt Line.
The period of the lease is 993 years and the consideration is
the payment of an annual dividend of 8 per cent on a capital
of $1,800,000 for five years and after that a dividend of 9 per
cent per annum, the dividends to be paid quarterly.
&
—
Colorado Fnel & Iron Co. The following official circular
has been issued to the stockholders of the Colorado Coal &
Iron Company The consolidation of the Colorado Coal & Iron
Company with the Colorado Fuel Company having been perfected by the incorporation of the Colorado Fuel & Iron
Company, stockholders are notified to send their stock for exchange to the Knickerbocker Trust Company, 18 Wall Street,
New York. The holders of the Colorado Coal & Iron Company stock will be entitled to four-tenths (4-10) of one share of
the common stock of the Colorado Fuel & Iron Company and
six-tenths (6-10) of one share of the stock of the Colorado Coal
Iron Development Company for each share of the Colorado Coal & Iron Company's stock. Arrangements have been
made with the Knickerbocker Trust Company whereby the.T
will purchase fractional parts of shares of the Colorado Fuel &
Iron Company's stock, or the Colorado Coal & Iron Development Company's stock, to which stockholders would be
entitled, at the closing "bid" price for the stock on the New
York Stock Exchange on the day that the stock is presentea
for exchange, le^s a commission of five (5) per cent.
Application will be made to list the stock of the Colorado
Fuel & Iron Co. and the Colorado Coal & Iron Development
Co. on the New York Stock Exchange, but as the Governing
Commitle& do not hold their next meeting until December
be
14, 1893, which is the earliest date at which tue stock can
listed, arrangements have been made through the couimittee
:
&
j
j
November
THE CHRONICLE.
26, 1803.]
on unlii'tcd Hrcurities, fo tliat quotations and dealings can be
made nt once in tlte uoli'ilcd department.
On and after Satnrdny, Novcmbor 20th, 1802, no further
Culorndu Coal & Iron Co.'* stock will be
made. Stock presented for transfer will be exchanged as
t>rovided in this notice.
TnoB. E. H. Curtis, Secretary.
transfer!)
of
tlio
East TeniiCRsec VIrfrlnin
company orsanized,
& Oeorgla.— The directors of this
Walter O. Oakman PresldHnt
electini?
and Qeneral .Samuel Thomas Chairman of the board.
Tne
The Richmond
Vice-President has been aboliithed.
Terminal directors also mot and chose General Thomas as
director to fill the vacancy caused by tde resignation of
George J. Oould.
office of
&
Macon & Atlantic—Tliis
road,
which
failed of sale
on
The CommiMiioner combats the proposition that tba Ootforeclose in mortgages and take poMevsion of the
roads as impracticnhip, and closes bis report as follown
"
am of the opinion that it i« time to bo getting more monoyI
out of the bonded railroads rather than putting moro into
emment
:
the passage of this bill the G .vcrmiient Imzird.*
waives no existing rights, releases no present
securities, impairs no existing obligations."
By
them.
nothing.
It
New York
Railroads In
reports
made
WBW TORK CRICAOO
The third article of the call to authorize the isaue of
consolidated mortgngo bonds under the provisions of the act
of the State of Rhode Island was brought up. Mr. Brandies,
counsel for Goldsmith, moved that the resolu'ion be laid on
the table, but he was voted down. It was voted to reconsider
80 much of the vote of the stockholders passed March 8 as contemplated the possible exchange of shares of the preferred
Stock for consolidated bonds.
After some discussion and
objections by Mr. Brandies and otherj the meeting proceeded
to ballot on the approval of the leases of the Providence &
fipringfield and the Meriden roads. There were 169,677 shares
Toted, of which 168,337 weie in favor of the leases.
held.
A
:
ST. I.Or:S.
>-Qttar. end. Sept. 80.-« ,-9 mot.
1891.
1802.
Grouesmlngn
1,800,314
Operating cipenaei.
1
Net eamlugii
Other income
Total
Int., rentals ii
end Btpt 90.-,
1801.
1803.
•
taxes
1.512.039
1.181,370 3,0'»7,>496
,24:1.340
265,874
1,296
sao.eni)
861,701
7,240
26*.ino
254.i;S
332.050
201,377
888.602
762,012
860,031
779,809
13,031
70,632
76,500
89.222
1891.
Operating expen.scs
Net earnings
Other income
3.705,3«5
1.890
LAKE SnORB & MtCniOAX SOCTIIERX.
-Quar. end. 8tpl.30.-^ .-9 tnoi.
flross earnings
4.58X156
830.163
8,440
Surplus
1892.
9
is
New York & New England.— At Boston, Nov. 21, the special
meeting of the New Yurk & New England stockholders was
State.—The following are from
Commissioners
to the N. Y. State Railroad
May
again advertised to lie sold at Macon, Ga., on Nov. 80.
About elf ven miles of rail have been laid and seventy-five miles
graded. The sale includes other property of the Macon & Atuntic and of the Macon & Savannah Construction Co.
12,
warranted by their pre«ont financial condition or their futora
proopecta."
—
& Norlhwe-itern. The foreign
minority interest in the first mortKa;<e bonds of the Kansa?
City Wyandotte
Northwestern have sold their bsnds to Jay
Gould, who now owns substantially all the securities. At
Topeka. on Monday, in the U. S. Circuit Court, Jud^e Caldwell Krnnted the application of the Farmers' Loan & Trust
Company, the trustee of the first mortg;af;e, to proceed with
the sole of the toad in accjrdance with the decree of Jun'; l-".
1891. The report of the master has not yet been made as to
the coupons in default, etc., but tiie five weeks advertisint;
required will allow sufficient time for filina; this report, so
that it is e.\pected that the sale will be made in January.
Kansas City Wyantlotto
896
enrf.
1891.
$
S
5,R80.397 5,627.255 15,.130.44.'i
4,106,890 8,903,131 10,3(16.905
Sept. 30.-K
1892.
*
11.072.i)21
1,724.121
144,939
6,003,340
341,401
5,233.fia0
144,795
Total
2,018,298
Int., rentals and taxes. ..1,1 09,295
],869,0B3
1,109,4.39
5,104,041
3,234.001
5.600.708
3.260,313
759,''24
2,170,040
2,340.390
1,873,.'>01
Surplus
909,001
.V. H. it nari.^
Quar. end. Sept 30.
1801.
lb92.
--y. r.
Gross eamlnga
Operating expenses
$
Total
Interest, taxes, rent, &o..
—.v. r. Ont. <t ir.-^
Quar. end. Sept. 30.
1891.
$
3,230.264 4.3 -7.355
•1,808,762 2,585,982
Net earnings
Other inuame
3G6.818
877.760
576.338
1,421,502
29,369
1,731,373
176,408
301.431
18.730
1,150,871
1,827.579
420,000
599,000
820,181
200,847
Surplus
1,030,871 1,228,.579
119,339
171.615
New York Stock Exchange— New Securities Listed.-The
Richmond Terminal. In Baltimore Judge Bond of the U.
Governing Committee of the New York Stock Exchange has
S. Circuit Court has made an order authorizing Walter O.
added to the lists the following:
Ke«- York Ontario * Western Railw at.—$1,000,000 additional Oakman, Receiver of the Richmond & West Point Terminal
refundlDf; luort^KO 4 per ceut gold bonds, making the total amouut Company, to institute proceedings to secure the cancellation
luted *6.50(i,00O.
of a contract by which the Termitial Company purchased
1, ROCOCO additional common
PiTT8BiR« * Westerm RAILWAY.
$12,000,000 of the capital stock and $3,553,000 of the collateral
•toclt, nial;in(f the total amount listed $S,500,000. The votioj? trust
Mr. Oakman u alio
oertifloateH for liotli common and preferred were ordered to be striclieu trust bonds of the Georgia Company.
from the ll!*ta on December 19.
authorized to institute suits to recover money the Terminal
Westers Union TEi.KURAPn Compasy.— $8,620,000 additional capi- Company is alleged to have lost in the transaction. The
tal Btoeli, making the total amount Usted $94,820,000,
petition alleged that the Terminal Corapiny paid over S7.000,Paciflc Railroads.— The report of the Hon. H. A. Taylor, 000 for the securities of the Georgia Company, but that at the
the Commissioner of Railroads, relative to Senate Bill No 751 time of the purchase they were worth only one-half that sum.
providing for the funding of the debts of the Pacific Rail- It is alf o alleged that the purchase was made from a syndicate
roads has been received by Secretary Nonle.
The composed in large part of the directors and officers of the
subsidy bonds liegin to fall
due January 16, 1895, Terminal Company, some of its directors being interested in
and the last are due January 1, 1899. The average date of the syndicate. This syndicate, it is further alleged, had only
mattirity is about July 1, 1897. First morteage bonds have a short time previous purchased the securities at al)out half
also i)een issued on these roads which constitute a lien prior the price received from the Terminal Company, and in the
to that of the United States, amounting on the Union Pacific transaction the Terminal Company was represented by directo $35,763,000 and on the Central Pacifis to $37,853,000. The tors and officers who were themselves selling to the company
as members of t'le syndicate. The petition declares that the
first mortija^e bonds mature at practically the same dates as
sale is voidable, at tlie option of the Terminal Company, and
the subsidy bonds.
Tha Commissioner reviews tlie pending measure at length that the directors in question may be called upon to account
for their profits and make good the loss suffered by the comand suggests amendments as follows:
—
—
'
1. Cliansi! the m^tliod of c iraimtatiou In ascertaining tha present
wortliof the (lol)tH liv eornpo indlna; the Interoft f jr tlie lim i between
the setdenipnt and tile maturity of the 9ul>aidy bonds semi- aauualiy.
Instead of with two rests only. ai provided in the ori»(lnal bill.
2. Malie tlic rate of Interest 2 pir c intum from the ^tirt.
3. luseit speci.il proviso in Section 2 requirin; tbe Union Pjclflo
Ballway Company to assign to the Government all its rights, titles.
Interests and equities In certain raorteaRes, bomia. stoelcs, not«»s and
other securities of any description held in trust by Drexel, Morisaa i
Co.. trustees, to sccnro the jmyment of certain notes given In tettieUeni of the tloalInK debts of the company.
4. Section 5. providing In casn of default by said companies to make
any of the payments provided for by this act. that "the Attorney-
General of the United States shall Immediately thereupon institute
proi>er proeeedincs in n proper court for the appointment of a
Teoeiver." is amended by insertlni? after the words "bnited States" the
words "upon the request of the President so to do."
5. Amend Section 20 by adding at the cud of the section the words
"subject, however, to the prior lien of the mortgages to the United
States herein provided for."
Tbe general purpose of the bill is the extension of the debt
to 100 years, with interest at 2 per cent, and a certain portion
of the principal to be paid at the expiration of each eix
months during that time, so that at the end of the 100 years
the entire debt will have been extinguished. The bill as
amended, the Commissioner believes, would, if enacted into
law, fully protect the interests of the Government and secure
the final payment to it of all the money, principal and interest,
due from the bonded roads. He does not believe that any
measure fixing a shorter period of paynisnt or a higher rate
of interest will be accepted by the railroad companies.
" It is useless for the Gnverninent,'' he s.iys, " to insist upon
terms of settlement that the railroad companies will not agree
to and folly for the companies to agree to conditions not
pany.
—
Saa Antonio t Aransas Pas*. The receivers of th? San
Antonio <fe Aransas Pass turned over the road to the company
in June last, but the final accounting has oaly just been made
and on the 19th inst. they were formally discharged.
Sonth Carolina Railroad. An Associated Pi-ess disp.itch
from Charleston, S. C Nov. 23, says that in the United States
Circuit Court Judge Simonton tiled a decree ordering the sale
of the South Carolina Riilway, and appointing ex-Gov. Daniel
H. Chamberlain, now receiver of the road, special master to
conduct the sale at Charleston on April 11 next. The decree
is tlie outcome of a suit brought by Frederick W. Bound and
other second mortgage bondholders and on behalf of the first
mortgage Ixjndholders leave was asked to appeal, which was
granted, and the case will now go to the new Circuit Court of
Appeals. The litigation which resulted in the decree to-day
is complicated l)ecause of a number of mortgages on the propwere five
erty.
In addition
to the complaint there
The decross bills and two petitions l>efore the court.
cree orders the sale of the property as a whole for not
less than $1,000,000, unle-^s within the usual thirty days
the indebtedness, amounting t) $7,381,512. is paid. And
—
,
creditors shall be paid in order of priority, except that the
Iron Comoany for $88,900
claims of the Lackawanna Coal
takes precedence of the becoud consolidated bmds.
The attorney for appellants said that they will bpeedily perIf they do it will siay the sale, and the case
feet an appeal.
it is said, cannot be reached in the higher court before next fall.
&
II
V For
oiker InTrdmrnt Items see pase V00<
:
.
THE CHRONICLR
696
%spavt$
[Vol. LV.
nnd l^^cuments.
BALTIMORE & OHIO RAILROAD COMPANY.
SIXTY-SIXTH
ANNUAL REPORT— FOB THE NINE MONTHS ENDING JUNE
30, 1893.
Office of the Baltimore & Ohio Railroad Company,
Baltimore, November 9, 1892.
(
j
To the Stockholders of the Baltimore <& Ohio Railroad Company :
The President and Directors submit the following statement of the affairs of the Company for the nine months ended
June 30, 1893.
The General Balance Sheet, the tabular statements of the General Auditor and the report of the General Manager areappended.
By Resolution of the Board of Directois, January 30, 1893, the fiscal year of the Company wa3 made to terminate thereafter on June 30 instead of September 30, chiefly in order that the Company's fiscal year might correspoud with that fixed
by the Inter-State Commerce Commission.
The date of the Annual Meeting, at which the Annual Report is submitted to the Stockholders, remains unchanged, viz.
the third Monday in November of each year.
The periods for the declaration and payment of dividends remain unchanged, viz., declaration of dividend in April and
October, payment thereof in May and November.
Owing to this change in the fiscal year, a quarterly dividend of one and one-quarter per cent upon the Common Stock for
the three months ended December 31, 1891, was paid May 17, 1893, and a dividend of two and one-half per cent for the six
months ended June 30, 1893, has been declared, payable in November.
To enable Stockholders to compare this Report with previous Annual Reports, the following tables are given for the old
fiscal year ended September 30, 1893, as well as those for the new fiscal year ended June 30, 1832, viz.
Operations for the nine months ended June 30, 1893.
Operations for the twelve months ended September 30, 1892, with comparison for the twelve months ended September
30, 1891.
Gross Eamingf, Expenses and Net Earnings of each Division for the nine months ended June 31, 1893.
Gross Earnings, Expenses and Net Earnings of each Division for the twelve months ended September 30, 1891 and 1893.
opeba.tions fob the nine months
ended june
30, 1892.
General Income Account,
Easnings.
FromFreigbts
$13,100,441 22
4,325,308 16
384,405 92
496,700 30
620,718 75
Passengers
Mail
Express
Miscellaneous
Total Earnings.
$18,927,574 3*
Operating Expenses.
General Expenses
Conducting Transportation
Maintenance of Equipment
,
Maintenance of Way and Structures
$1,275,478
7,593,991
2,727,291
2,269,813
49
09
73
35
Total Expenses.
13,866,377 66
Net Earnings
$5,060,996 69
...
OPERATIONS FOR THE TWELVE MONTHS ENDED SEPTEMBER
With Comparison for the Twelve Months Ended September
30,
30,
1
1892,
391
General Income Accotinf.
Earnings.
Tear ended
Tear ended
Sept. 30, 1891.
Sept. 30, 1892.
$
FromFreiglits
.
.,,
Mail
Express
^
,
Total Earnings
16,813,019
5,974.541
493.541
610,064
639.227
92
53
87
24
35
24,530,394 91
$
17,422,583
6,612.434
524,433
644,245
830,470
42
89
44
27
74
26,034,167 76
Increase,
$
609.563
637,893
30,391
34.181
191,243
Decreas?
50
36
57
03
39
$
1,503.772 85
Operating Expenses.
General Expenses
Conduclinj; Transportation
Maintenani-e of Equipment
1,608,883
9,177,001
3,309,438
2,932,909
Maintenance ol Way and Structures
Total Expenses
Net Earnings from the operations
Add Income fiom other sources
of the property....'.
Total
DeductNet Earnings from Washington Branch
ivailable Income
Interest on
other charges for the year
From which deduct
Bonded Indebtedness, Rentals, Taxes and
Balance
Payments.
Dividend on Ist Preferred Stock, 6 per cent
"
"
"
"
on 2d
"
Common
73
76
1,730,459
10,104,017
3,559,908
3,201,415
55
91
56
12
121,576
927,016
250,469
218,505
38
71
83
36
17,078,232 86
18,595,801 14
1,517,568 28
7,452,162 05
1,259,877 14
7,438,366 62
1 ,866,000 06
606,122 92
8,712,039 19
190,766 78
9,304,366 68
205,425 34
592,327 49
14,658 56
577,668 93
13,795 43
8,521,272 41
9,098,941 34
6,429,097 84
6,639,222 17
210,124 33
2,092,174 57
2,459,719 17
367,544 60
$180,000 00
120.00000
300,000 00
Stock, 1 "4 per cent
From which pay ments have been made to
612,428 75
312,428 75
1,792,174 57
1,847,290 42
55,115 85
250,000 00
100,000 00
250,000 00
100,000 00
200,000 00
200,000 00
40,000 00
58,057 81
23,500 00
40,000 00
58,057 81
26,000 00
2,500 00
471,557 81
674,057 81
202,500 00
312,428 75
Remainder
retire
Bonded Indebtedness, vlz.-
Prlnclpal Car Trust Bonds
"
Equipment Trust Bonds, Series A
"
'
"
"
"
B (Ist Payment)
Payment to City of Baltimore for the purchase of Its Interest in the
Pltt«buig& Coimellsvillc Railroad
Cash Appropriations to Sinking Funds
Somerset & Cambria Railroad Traffic Bonds
Leaving a balance of
17
20
1,320,616 76
1,173,232
fil
147,38415
:
November
:
THE CHRONICLE.
36, 1893.J
897
Expenses and Net Earnings of Each Divition,
'Oroi>g Fnrnhiffn,
table shows the grom earoinKH, the ox|ioniw8 and the net e«rnl igs of the
Division of the S>'Htem, fur the nine month-) ended June DO, 1803
The fullowinK
M tin
Line and Braaohe«, »ad
meh
:
OnoM
EARMiNoa. Kxi-KMsu AHO McT EABHtNOs or £aob Ditisiox vo* tri Mikk M'lHTns KKitSD ivna 90, 1M3,
Oron
Mtpfim*.
MatHiitt$.
Ktl llamlHg§.
Bt KM DiviiiKiN, IncliKlInK the Ma'n 3t<tm and Brnnolira, itlw tlio WInrheatar A Potomar, thi- Wlii('1ii"<tc'r A Hirn^liiirir Knllriiml, Ihn UnriiHouburK Braucli, the aouth Itraiioli
Main
Rallroiid.
till'
l''.iiriiii>iit
MorKiiinowii A l'iti.il>iir< Kiillruitd, the WiuhliiKton County, the
Uuliluud rullruudH
8ta(<> l.iiir mill llu< C'iiiiUul-ucu it
jARKKHSllllKtl Bit INCH
PuiLAincLi'iiii Link, emhrnclDK the Biiltlmiire A Philadelphia ItK A Phlliidelnhia RronRh.
TlTTMiiKii DiviHioN, (Miihriiciiiv th« PIII»l>iirK it Coiiiicll'ivlllr Kuml, thii ulokmnn Kiln
Blanch, Ihi'Bnnii'ntet A Cniuliria Kallri>a<l, tUv Mount PItMMiiiit it. Brondtord uud Kiiyette
County BruiK'hi'H, thM Borllu K(i., and the Ubiu A Baltimore Bburt Lino, Kjutorn Ulvuloli.
WUKELIMi PiriSUURO A B.VLTIHUKK UlVISIOH
JIWLAND
0,034.044
6 14,44
910,601
1,441,004
et
aa
60
93
fl
8,263,,066
04
1,S40,836
486.A39
228.281
862.^60
62A.812
-I
W*»HIS(JTOS BKtNCil
Ckntkai. Ohio Division
I,AKK EiuE Division
8TRA1TSVII.1 K Division
CuurAcio Uivisi
Akuon Division
1,.
1,037 .764 OJ
74R, ,608 29
109 ,010 811
,
m
1
8,027,!V74
i;
)M
m
110.76141
.. :,7
41S,e»7 39
36
693,310 68
44.'V|8 3I
84
18,03011
13
40
82;
23
38
114,233 07
l,>fOJ,8«7
13.866,577 66
35
•,033,438 19
83.4B9 33
111
ll.'i.7.'»3
2,260 ,054 40
161 ,441 01
Totals.
I
10
481 ,n»8 00
246. 310 24
DiVISlilN
(II
179,313 94
132389 47
D^. A.8S3 43
406.047 03
3 2,702 06
Dtf.
9,060,006 69
The folIowinK table shows the gross eaminfi^, the expenses, and the net earnings of the Miia Line and Branches, and
each DiviHion of the Syst'^m, for the twelve months ended September 80, 1893 (tne figures for September being partlf
-estimated), with comparison for the twelve months ended September 80, 1891
Qdoss Eabninos. Expenses and Net Earninos or Each Division for tbi TwrnLVE Uontih E:(dbo aKiTEHSEB 30, 1801 and 1803.
Oron Bamingr.
1801.
Net Marmbtf.
Bxpente*.
Stkm Division. Including the Main Stem and
Branches, alao Winchester A Potomao, Winchester
& Strasburjr Uiiilroad. ilarrisonliur,! Branch. South
Branch Kiiilioa'!, ('airninit Mi)rKa:Uo«-n A Pittsliurit Railroad, Washington County, State IJne,
Coutluoncc A Oakland Railroads
12,031.98191 12,342,990 24
Pakkekkiu ui; Bu.inch.
856.212 60
793.294 94
,
Washington Branch
768,480 Ot
726,418 83
faiLAi>Ki.i>HiA Live, embracinu the Baltimore A
Philadelphia Railroad and Philadelphia Branch....
1.899,637 06 2,056,414 04
*iTT»BlRii Division, cmbracliiK the I'ittsburi? A
Counellsville Koad. the Hickman Kuu Branch, the
.Somerset A Camliria Kailroad, the .Mmiut PIcasaot
ft Broadford and Fayette County Branches, the
Berlin Railroad, and the Ohio A Baltimore Short
Line, Eastern Dlvl.^lon
2,880,391 05 3.000.404 04
K69.2.55 56
.Wheeling Pittshurg A Baltimore Division
653,012 10
341.4.'^8 2H
347.646 80
Midland Division
1.419.'>31
OS
•Central Ohio Division
97
1,365.933
1,106.H1-<60
1,032.207 36
Lake Erik Division
149.978
73
43tbaitsvillk diaisiom
37
145,026
3.067.582 65
Chicago Division
2,556.814 <31
62
233,055
.Akbon Division from Angust 1, 1801
27,376 38
1893.
1891.
1892.
180S.
1891.
JIain-
24,530,394 Ul 26,034,167 76
Totals
The revenues of the Ian six months of the fiscal year have
been materially affected by the low freight rates prevailing
during that period, notwithstaiding th? fact that each of the
Trunk Lines was at the same time overburdeni^d with traffl;.
The revenues of the Pittsburg & ConnellsviUe and Pittsburi^
Wheeliag Divisions have been injuriously affected by the
&
Homestead
Increase in gross earnings, |1,503,773 85, or 6-13 per cent.
Increase in operatinsr expen8!»s. $1,517,568 2^, or 8 89 per cent.
Decrease in net earnings, $13,795 43. or 0-19 per cent.
Increase in earnings from freight, $609,563 50. or 8'63per cent.
Increase in earnings from pissengera, $637,893 86, or 10 68
per cent.
Increase in toBS moved, $798,634. or 5*87 psr cent.
Increase in passengers carried, $908,857, or 9 07 per cent.
Tonnage of the Tear, with Comparison.
The large increase in the tonnage moved oa the entire
system is shown by the following statement. Toe service perin tlie twelve months ended September 80, 1893, has
been the largest in the history of the Company:
formed
To)u
Tons
arritd in
8,629,018
1-s")
8,422,<»36
l-'^i:
9,807.686
10.572.893
11,195,940
12,161,380
1S90
1891
1892. 9 months
13.988.176
14.858,972
11.621,410
12 months (September estimated) .... 15,657,506
18i>2,
Construction and Betterments.
The aKKreirate expeDdllurea for Construction and Betterments for the nine months have been
$1,357,618 99
For the twelve mouths ended 8epteml>er 30, 1902 (Bei>temher partly estimated) they have tieen
$2,061,604 94
For the tlscAl year of 1891 they were
1,601,932 06
An Increase for the 12 months of lS9i of
»459,702 88
The Management has deemed it wise to include in Operating
Expenses in the past year, as in the three previous years, a
arge expi-nditure made in betterments.
The sum Ot $1,3.57,618 55 has been charged to the different
nvestmenl accounts to which the expenditures appertained,
-
190,766 78
4.318.043 33
128.482 98
205,433 84
1,343,180 67
1,408,177 80
956.457 30
648,236 24
1,898,599 30
2,114,883
596.269
324,377
1,133.932
833.079
160.«03
2,443,437
264.798
69
081.70S75
91.31171
69,100 72
1 87,542 33
075,52185
72.986 26
508,800 39
275,258 54
1,178,021 64
851,4^8 97
142.n09 90
2,173.093 94
80,6!<1 20
30
59
17
22,760 21
285,008 01
100,127 60
25.5,3^0 53
2,116 47|Def. 10.U27 20
67
93
624,145 40
393,720 67'
25
06 Oef. 3,314 82|Def. 31,742 44
17,078,232 86 18,595,801 14
7,452, 162 05'
7,438.366 63
the details of which will be found in the Oaoeral Manager's
Report, Table 8. It is distributed as follows :
Lines East of B.tltimore
9135,493 98
Main Stem and Branches
649,081 99
173,414 44
Plttsburn Division
299,62* 14
Trans-Ohio Division
Equipment Trust for $2,000,000.
Of the Ejuipm^nt Trujt Lian, Saries B, of $3, 003,0 M, mide
with th? Finaace Cajipany of Peaniylvania, thsre hti bien
expanded $1,693,833 97 for 43 l)co.Ti)tivei, 10 p.i8senger, 8
comiioation, 4 ba^gaice and 3,39} freight cirs, leaving sill
unexpended on June 80, 1S93, $))7,16J 03, to be esp3al«l for
equipment to be constructed.
Sinking Funds.
The Cim.iaay his miintiiuMi through the year its c»b
appropriatioas to the Siakiig Fuids of its Sterling L un due
in 1937 and the P. & C. Cmioliditei Mo.-tg'tge L>aa du3 in
1936. Thesj tw) Sinking Funis n>v aoioait to $t,3)3,7ii.
The iavestments for the appropriatijns aud iacrem>nts of
the Main L'.ne Sinking Fuils, in pursuinie of thaa^reament to thu eS:!Ct, hive beei mile in th) CJnio'.idktel
M )rcg4ge live per cent one-hunlred year Binds of this Ojmpany, anl now ammit to $t,371.0J0 in theie B}nls, ia
adlition to $3,173,373 of
carried in
18S4
IS^'J
4,Hl3.fl72!57
100,1134 05
(1,257,618 59
comparison of the twelve months enied Septembar 30,
189i (Septem jer partly estimated), with the twelve months
ended September 30, 1891, shows the followinj:
IS-iT
8,024.916 91
727,730 07
503.063 70
strike.
A
IS-^-i..
7,417.909 37
632,«60 89
535,052 05
ot'i^r
flrst-cliss
iatirest-beirinf
Bjnds.
Payment
the City of Baltimor* on account of lh0
of its interest in the Pitttburg
Connellsville Railroad.
Th<j Company his m\de its sixteenth annual piymin'. of
$(0,030 to the City of Baltimore, on ac}>uit of thi purc'iis)
of the city's interest in th > Pittsbur< Sc Coan Mtsville R lilrnd, leaving still due $)30.030 of the originU sun ot
to
A
purchase
$1,000,000.
Payment of Equipment Trust Bonds.
The Equipment Trust
obligations of tie
issued as follows:
Car Trust of 1887
Kqulpment Trust. BeriM A, 1889
Equipment Trust. SerlM B. 1890
Company have baaa
»2.50>.OIO
1.000.000
2.03V,000
95,500,000
:
THE CHRONICLE.
898
[Vol. LV.
10 per cent of the principal sum is payable annually, and
there has been accordingly paid as follows:
The Car Trust Loau of 1837 for $2,500,000, five annual pay-
West Virginia <& Pittsburg Railroad.
By Ist of December next the entire Line, with the exception of a short section from Camdea-on-GauIey to Cherry
ments, agfir^ gating
$1,250,000
River, will be completed and in operation.
Tie Equipment Trust Loan of 18S9, Series A, for $1,000,tOO, three annual payments
300,000
Even in its incomplete condition the Road has been doing a
The Equipment Trust Loan of 1890, Series B, tor $2,000,very active business in passenger and freight traffic, and up
OCO, one annual payment
200,000
to the termination of its fiscal year (June 30, 1892), has paid
$1,750,000 its working expenses and fixed charges.
Total payments
The development of the extensive and immensely valuable
leaving on June 30, 1892, $307,169 03 of Scries B yet to be expended
in equipment,
lumber district of West Virginia traversed by this Line has^
even in the incomplete condition of the Road, exceeded the
Special Loans and Bills Payable.
expectations of its promoters.
There is a decrease of S'J'7,440 43 under this head, as comThe one thousand lumber cars constructed specially for this
pared with September 80, 1891, while "Advances for Conservice hare proved insufficient for the demand.
struction and Permanent Improvement on Lines Leased and
Operated," and "Due from other Railroads in General Ac- Baltimore Belt Railroad.
count" (Table E) show an increase of ?1, 517,413 35.
The completion of this Line has been delayed by the
Relief Departmerit.
thorough system of construction required by the ManageThe Report of the Relief Department for the nine months ment and the more extended plans adopted for the Passenger
ended June 30, 1892, will be printed for distribution amongst Stations.
It will irobably not be in condition to operate until the early
the members. The following shows the condition of that Desummer.
partment:
The active membership at the close of the fiscal year was The Pittsburg
& Western Railway.
22,930, being an increase of 617 as compared with the previous
The Company has acquired the controlling interest in this
year.
Line, upon the terms referred to in last Annual Report.
The receipts and income during the nine months
The extended improvements needed upon the road-bed, etc.,
ended June 30, 1892, have been
$315,100 28
And the disbursements have been
321,257 53 are being vigorously pushed.
From
the commencement of the Relief Association to the
close of the flscil year the disbursements have been... 3,468,385 78
The amount due
depositors
by the Savings Fea-
ture was:
At the close of the fiscal year of 1891
At tUe close of the fiscal year of 1892
The deposits during the fiscal year have been
The withdrawals of the depositors during the
have been
$577,429 27
692,547 05
219,086 04
fiscal
year
103,968 26
"..
The amount due by borrowers under the provisions
of the Savings Feature was:
At the oIc82 of the fiscal year 1891
$408,783 65
At the cl( 8 5 of the fiscal year 1802
495,178 94
An extra dividend at the rate of 1 per cent per annum was
declared on all di posits drawing interest on June 30, thus
making the intenst for twelve months-equivalent to five per
cent.
The funds of the Savings Feature are loaned only to employes of the Company, to enable them to purchase or improve homesteads, or to release liens thereon.
At the close of the fiscal year there were 201 names on the
Pension roll, the disbursements on this account for the vear
havmg been .$22,381 11, and fur the whole period $169,129 "81.
Fhiladelphia Division.
The business, on the Philadelphia Division continues
to
steadily improve.
The following
is
the result for the nine months ended June
80, 1892:
Grose earnings
$1,441,004 82
1,025,047 57
Expenses
Net earnings
The following
eaded Sept.
30, 1891
is
30, 1893
$415,957 25
the comparison for the twelve months
(September partly estimated), with Sept.
;
1892.
Increase of
Per el.
n.„
.
„, „„'^^'Gross earnings..
..$1,899,637 96 $2,056,414 04 $156,776 08 or 8 25
Expenses
I,b43,180 67
1,103,177 80
64.997 13 •• 4-84
When
Company will have another
line to Chicago, under its owner-
these are completed the
and a very superior through
ship or direct control, via the Main Line to Cumberland,
the Pittsburg
Connellsville System to Pittsburg, the Pittsburg
Western Railway to Akron, the Akron & Chicago
Junction Railroad to Chicago Junction, the Baltimore
Ohio
and Chicago Division to Chicago.
&
&
&
Lancaster
£
Cecil Railroad.
By
the close of the present calendar year the Company will
have completed the construction of aline leaving the Philadelphia Division at Childs' Station and extending north towards
Oxford, Pennsylvania, a distance of 4'51 miles, reaching the
extensive Providence paper mills, as well as the Marley paper
mills, the Harlan paper mills, the Cecil paper mills, and the
Walnut Valley flouring mills.
It is expected the completion of this line will largely increase the traffic derived by the Company from these industries.
State Line Railroad.
By June 1, 1893, it is expected the State Line Railroad will
be completed from Redstone Junction to the State Line, near
Point Marion, Pennsylvania, and that the Fairmont Morgantown & Pittsburg Railroad will be completed from Morgantown to a connection with the State Line Railroad at the State
Line, near Point Marion, a combined distance of 28 -53 miles.
This will connect the Company's Fairmont Morgantown &
Pittsburg Railroad with the Uniontown Branch of the Pittsburg & Connellsville Division, thus giving the Company a
direct line to Pittsburg and the West from those portions of
West Virginia abounding in lumber, coal and other traffic
commodities.
Metropolitan Southern Railroad.
This line has been coastruoted from the Metropolitan Southern Junction, on the Metropolitan Branch, near Washington,
Chevy Chase, a distance of two miles.
The line wiU develop some important suburban settlements
in the vicinity of Washington, D. C.
Staten Island Rapid Transit Railroad.
The following shows the results of the operations of this World's Columbian Exposition.
Jme for the nine mont'is endei June 30, 1892
Under an arrangement with the Management of the World's
Gross earnings
«r.42 qsR d? Columbian Exposition, this Company recently completed an
Net oamin^is....
$556,457 29
to
91,778 95 " 16-49
$643,236 24
:
Operating expenses
........"."......."::::..:
Net earnings
4U3;609 22
$178,777 25
Thefollowms: is the comparison for the twelve months
ended Sept. 30, 1893, with Sept. 30, 1891
^
1891.
,
$1,025,597 69
n^T„fi"''°'°^^
Operating
expenses...
631,59J61
T„?*t!''^l°S^T;
Int.,
rentals and taxes.
Surplus
$393.098 08
355,074 55
1892.
$1,045,612 07
656,176 24
Inc. or Dec
Inc. $20,014 33
Inc. 241576 63
"$389^435 83 Deo. $4.562"25
347,352 60 Dec.
71721 93
$38,923 53
$42i'683 23
Inc.
~$3,T5970
During the past year one of the largest steam coal mining
companies in the country, heretofore shipping from Jersey
City, has constructed a pier and built its terminals
in the
vicinity of St. George, Staten Island.
Early in 1893 there will be completed at St. George a
conmTdioiJs passenger station and freight yard, and an
extension
of the line to the South Shore.
These
much needed improvements
business of this company.
will
add largely
to the
Grafton & Belinjton Railroad.
The Graf ion & Greenbrier Railroad Company has been
organized under the above
The change
Mam Line.
its line into the grounds of the Exposition, leaving
the Main Line a short distance west of its South Chicago
Station.
It has been operated since April 28 last for the delivery of
building materials, etc., for the Exposition.
It is proposed to open this " Exposition Line" to any of the
railways entering .Chicago which can connect there with, upon
a wheelage charge.
This Branch has proved useful to the Exposition, and when
the latter is opened it is believed it will prove advantageous
to the Company.
Terminals.
The completion
of the negotiations for terminals at Chicago,
referred to in last Annual Report, enabled the Company to
occupy the Grand Central Passenger Station since December
1, 1891, and separate freight station and yards adjoining the
same.
The Baltimore & Ohio Connection Railroad, connecting the
Rock Lland Line with the Chicago Central Railway— with
both of which roads the Baltimore & Ohio Company has permanent leases was completed and opened on the eighth of
—
re-
title.
of the old Line from a narrow gauge
to a
to in the list Anaual Report, was
standard g.^mge, referred
completed May 1 last.
,,'^!*®,^°a'fl tlius
extension of
improved has becoaie an active feeder to the
October.
This will furnish the Company wit'a a superior route from
its Main Line, at South Chicago, into one of the largest and
best-located passenger and freight stations in Ciiicago, which
cannot fail, in the immediate future, to materially increase
the business of its system west of the river.
At Clarksburg and Fairmont large additions are being
made to the terminals to accommodate the rapidly-increasing
;
;
;
THE CHRONICLR
N'ovi-MiiKROO, 1898.]
from the W>-8t Virginia
hfla Kiver Huilroail Systomn.
bii^ine*^
now terminal,
For other
:
&
Pittsburg and Mononga-
refvronce
i»
made
to tho
BALTIMORE A OHIO SOUTHWESTERN
RAILROAD CO.
latit
Atinnai Ifcport.
'
I
.hi
JtaMo^Hiui
^^HBHUI
irt
of the
work upon tho
"Inr
ihird inrks .111 tlie l^liiln'Jpl])
iraiiH-Ohio nivi-iniir>, "referral
Lh* ('oi)i|>li'U".l
^^HPHMUKox'nt
within tho
.ni to
•
itom,
899
.SECOND
ANNUAL liEPOKl-FOU THE YEAR ENDIXO
JUNE
tom I'mAnnunl
pr<'Bt>Dt caloiicl'ir
1893.
!!0,
yvuv.
OmCBOFT""
has iMntinui*<l in ths ptvsl tboal year ilie
improvn the condition cf the
ii' oiled to
BaLTDIORS
uirge ejfiierulitiirca
ill every d('i)artmi*Dt, willi a i'iw of aitniuiBs; thiit
aiguer ot inJnid of <-fKc-iency wh cb eaob yttur vt rapid railroad drVihipment demands.
A'the followiiin lir^e expenditures, which aro
i!!i
laiiiikt ICjpo'.isea, have been luado during the
&
1
OUIO SoVTHWISTKI
wwporty
\V Co.
of the Baltimort
Railroad Coinitany:
Slr>ekl\ol'lerM
Ouio.
iTi,
'
To the
A
\
)
Ohio SouthwMlem
.
I
1,"!
•
r
i
I'
.
i.iled
June
SO:
inccof ICqmpniont
Wuynnd Structure*
$2,727,291 73
2,V69,!il3 39
i;iiicoo{
.
Tho Directors nubmit,
for your information, their report
result of the operations of tho Company for fl.ioil year
ending the 30ih of June, 1893.
Tho following table shows such result as compared with
the oi'erations for the same period of 1891
of
Stock Uicidend, and Increase of Common Capital Stock.
The followinir resolutions of the Boird of Directors, ad"ptcd
Nov. 11, "91, will fully inform Stockholders upon these ^uhjeets:
Whfrens. For the fisc.il veiirs terminatini; September 80,
lS8!t, 1890 and 1891, the Ntt EarniuKS and Income of the
Company have amounted to the sum of 54,')45,373 84— as
pwn by its reiKirt^— after the payment of Dividends on the
land" Heeond .Scries of Pi-eftrred Stock to the amount of
lyOOO 00, the adjiiatment of Sinkin" Fund Accounts, and
"
charging to Operatiii:; F.xppiiBes during th')so years over
"1,000 00 expended in betterments and improvemontf of
the phy>ical condition of the property and in bringing it up to
a bit^her working standard
And ichere is, after charging to " Profit and Lo5s " of those
years the sum of 51,617,051 09— a deduction which has been
deemed pro^'cr ti make by reason miinly it depreciition of
Ute va'ue of e.'iuipmeiit which properly should liave been
made during the year 18.S8— there sfill remains of such net
earnings and income the sum oft$3,311,45j 23, which sum, in
Addition to the am'un^s derived Irom other sources, has been
used in reduction of the bonded and car (ruf-t indebtedness of
the company to the amount of $1,825,102 64, and also for the
permanent improvement of the railway, and for new con-
t le
IROZ.
Karttingn—
i'nnKeiiger
Mull
I05.(]33
Exprens
SJ.OOO
0.172
107,101
Tr.leKrapli
Mlriocllaoeous
Total Earn In K8
atructioD,
•
$
foe.
Dne.
8a:>.413
Inc.
loe.
88«
»S7
2,326,670 Ine.
323.079
«Ott.*VH
10^.rtS3
V.IM
64,000
8,2.-l3
100,20i
20A.S22
tlmeral Expenii«ii
]MalntCDnnc,-n>f Wav.t Hiructurei 'i91.33»
lH8.ias
Malmenaiicc iif Kiiiili'iiient
CouductlDgTrnnnpurtatiuo
009.241
241.228
Total Expensed
1,040,623
Net EarnliiK^t rroin the Opcr^ttluns
OOO.'Jll
of tlie Property
Dlv. Cen. Union Depot Stock
2,250
737
Interest BaluDco
809.800
2.260
1,432
Deo.
6U4
1.002,202
Total looODie
Deduct Interest ou First Mort503.32.5
Bonds
Ciisc
412
Iiitoreat on Car Trusts
60.600
Taxes and other cfiarees
B13,491
Isc.
18j,710
503,323
Total Dcdacllons
864,403
561,588
Inc.
2,814
Net Income
437,798
251,003
Inc.
186,903
of wliich cunstiiute valuable additions to the
all
property and to the cajiital of the company
Therefore re/olvfd, that a dividend of twenty (20) per cent
bedeilarcd upon tho con-mon stock of this company for the
period endmg Sept. 80, 1891, payable on and after t'-.e 31st
day of December, 3891, iu the com non stock of the conipiny,
at the oifi'c of the Tr>>asurer, to the st'icUholders of reord at
8 p. M. on the 30th day of November, 1891, and for this purpose the transfer books of the company will remain open
from 9 A. M. on the 17th day of November until 3 P. M. on the
80th day of Novemt>er, and will from that porioi remain
closed until 10 A. M. on December 10. 1891.
Whereas, duiing the preceding three years, tho Company
bas deenifd it wi-e to expend its entire Net Earnings and Income in much-needed additional construction and betterments
of its railroad sy^ti'm
And ii'/ifrcdsi these expenditures must continue in the futnre, in orJer to establish and maintain all the lines of the
CJompany at the hiph standard of eflBciency now necessary for
remunerative results in addition to whicli large expenditures
will be required for the improvements and extensions ne;eseary to avail of the large business, freight and passenger, that
will undoubtedly grow out of the World's Fair at Chicago
And whereas, it is not deemed desirable to continue longer
the appropriation of the Net Eamiogs and Income of the
Company to such expenditures, but to provide for the same
out of sales of its Common Stock, in such amounts and at such
periods as may be deemed expedient
Therefore, be it resolved, that an issue of the Common Stock
of the Comp.ir.y of the par value of $5,090,600 be and the
same is hereby" au'horizcd, and the President and Finance
Committee are hereby empowered to sell this issue, in whole
or in part, at such times as may be by them deemed expedient.
The above resolutions were carried out by the issue of the
Dividend Stock, and by the sale to a syndicate of the entire
authorized is-sue of $5,096,600 Common Capital Stock.
The proceeds of the latter are being, and will continue to
be, applied to the extension of the Company's lines, and in the
2iil8.7*2
tnt.orDrc.
18S1.
1,447,053
OperalinQ Expenut.—
f
;
i|
1.77e.46«
690.307
FiplKht
27t),X.'>H
Inc.
inc.
1«^.053
Inc.
*:0T,72I
Iiio.
16,903
11,483
3.073
101.618
1,610.661
fne.
182.e6«
Ino.
180.409
1.279
Dffc.
861
5'),»8S
Ino.
3,677
Comparisons of the foregoing and other tables show the
following results:
Increase In (ttor* pamlniEr«
Increase In oporatlnitexi>en8e8
Iriereiise Innct eiimlneR
Increase iu frolBhl earnincs
decrease In pni>«enKer carnlnKs
Increase Id ton!«, loc.^1, moved
Incrcuse In tons tliruuvli. moved
Decrease In passcnircrs carried
The
local business
Ammmt.
Per Cent.
*322.ii7i 02
«ll»2.CaO 87
i:j
Ml
'<T5
Jl 30
O^
»H2fl.4l5 87
*1'<!>.405
'.i-JTrt
163
*;i.lyo 14
162.425
1.:'20
2iO,S3tf
PS'AI
'69
13,888
shows:
Increaiie In freight earatniff
Decrease in passenger oarningii.
$117,301 77
12-86
23
'ia
IjHiUO
;
;
improvement
of
its
F. Profit and Loss.
G. Funded Debt of the B.ilt. & OIiioRR. Company's System.
H. Bonds for which the Company is Guarantor.
Leases cf the Company.
J.
Profit
and
Less,
local busiuob.s hxs
expenditures that have been made
tering and increasing this class cf traffic.
The number of tons moved is the largest in the history o(
tlie road, and if the same tariff had been received for the
same distance carried as the year previous, your net revenue
would have been substantially increased. The averaue revenue received on freight was seventy-seven one-huudredth«
cents per mile, which is a decrease of eleven one-hundredtha
cents per mile from the previous year, and about the same aa
tho Company received in the year 1S89.
The following comparisons of tonnage and passenger tralBc
since 1888 shows the continuous growth of your Compiny'i
The increase in the
tial
business.
Washington Branch.
Pattengm
Tonnagr.
O'iO.rje
1.076.9'i9
1.024.1i!l
1893
18S4
IMSS
1.028,723
1,211,181
mael"
•
18S7
1h88
1889
.T.
1890"
ih91
ly92;'.'.'.
properties.
Attention is called to the tables published in the pamphlet
Report, which jjive in detail informationontheseveralsubjects:
A. Earn, and Expenses of all lines Ea?t and West of the Ohio.
B. Net E;irniug4 and Incsme and Fixed Charges, &c., on all
lines of the System, for the 9 months ended June 30, 1893.
Bl. Net Earnings and Income and Fixed Charges, Ac, on all
lines of the system, for the 13 months ended Sept. 30, 1893.
C. Income from sources other than the Railroad System.
D. Statement c f loteri-sl Charges, Taxes, Rents, &c.
E. General Balance Sheet.
I.
justified the FulMtanfor the purpose of fos-
l,32-i.3»4
1.010.391
1.015.834
1.601,726
1.994.153
1.4W3.B54
1.726.287
1.730.357
2,103,618
1.264.663
1,317.650
1.312,964
1.668.600
1.554,741
1.2«!».37l
The Company has been operating its Railroad and property
two years and a-half. The comparison for that penol with
the operation of the two years and a-half prior thereto ia
m
follows:
Jan. 1. 1800. to Juno 30. 189|.... •J-""''-''? JJ
Enrolng* from June 30, 1837. t« Deo. 31, 1889... »•;*"'•?»* 2?
-•;
Increase In ttross Enmin;?*
«."; iiJJS
Net Earnings from Jan 1. 1890. to JnnB 30. 1892
?'h^'Ts2S
1889
Dec
to
31,
June
:1J.
1887.
from
Net Earning*
^'Slf
-.522 Sf
338..I9BOI
Increase In Net Earnings
OroM Earnings from
(»ro8S
This
is
largely
due to the judicious expenditures of th*
moneys received from the reorganization. It
iog for you to know that tlw item cf exp
mileage, o*ing to the increased aul iBpnved
-"
'
l
,
•(•restr
,
.
i'
car
dur
imt such period, has bceo reduced «ll3,0l6 la, or eqi»ai to
|i»,5U0 47 per year.
,.
From the fund realized through the reorganization applichave ex.tblo to equipment, beltermeois, etJ.. the truitees
pended, in addition to the 11,012.07819 shown in retwrt for
the last fiscal year, the bum of $:5,»J7-83 for the following
.
The President and Directors lake great pleasure in again
acknowledpinc the specially faithful and efllcient services of
the officers and employees of the Company during the past
fiscal year.
By
o:
der of the Board,
CHARLES
F.
MAYER,
Pretident.
purposes^
.
,
r
-r"
-*
THE CHRONICLE.
900
Switches and connections
to
manufacturing and other
industries
New
Iron Bridges
Strengthening bridges
Water Woiks atMuseelmans
Depot buildings at Hamden
Total
There remains on
$41,513 27
31,850 00
757 86
1,586 20
250 00
$75,957 3"
hand, applicable to like purposes, about
$20,000.
,
_nscal
,
The car trust warrants outstanding at the close of last
amounting to $12,360 30, all matured during; the year,
and were paid from assets of the company not arising from
year,
the operation of the road.
The
large increase in the business of the
company
for the
year necessarily involved an increased expense in conducting
transportation, but the percentage of such expense has been
reduced.
[Vol. LV.
For the calendar year 1891 the income of this Company was
After the payment therefrom of the fixed
$938,469 81.
charges, taxes and betterments, there remained a surplus of
$345,251 52, applicable to the payment of interest on the
First and Second Preferred Income Mortgage Bonds of the
•
Company.
In March, 1892, the Board of Directors, exercising the'
power provided for in such mortgages, accordingly applied a
portion of the net income to the payment of five per cent on
the First Income Bonds, amounting to $375,000, and one
per cent on the Second Income Mortgage Bonds, amounting
to !!64,000, which was paid March 15, 1893, by the Farmers"
Loan
Trust Company, the fiscal agents of the company io
the City of New ifork, and by Brown, Shipley & Co. o£
&
London.
It will be remembered that this company commenced the
operation of the railroad on the first day of January, 1890,
PHYSICAL CONDITION OF THE PROPERTY.
and that under the terms of the Income Mortgages there was
During the year fifty-six miles of main track have been well a period of thirty months which was to be divided by the
ballasted with gravel, and nine and fifteen one-hundredths Board of Directors into such portions as they determined in
miles laid with new sixty-seven-pound steel rail, the old rail fixing the periods for the payment of the interest on the intaken from the main track being placed in the branches, there- come Bonds. The Board determined to divide this period of
by improving the condition of both porticns of the road. The thirty months into two periods of twelve months each, ending
main line and branches are now in better condition than they with each calendar year, and a period of six months terminathave been for many years. Within the same period 117,679 ing with the fiscal year just closed. The interest was decross-ties were put in the main track and branches. The differ- clared for the two calendar years, leaving the interest for the
ence between the amount received for the old rail and that ex- remaining pel iod of six months ending with the fiscal year
pended by the Company for new steel rail, amounting to the to be determined in October of this year. Thereafter such
sum of $14,414 68, together with the other expenditures above interest will be determined for the period ending with each
referred to, are included in operating expenses.
fiscal year.
The sixty-pound rail remaining in the main track will be reHeretore it has been the policy of the company to be its own
placed with a heavier rail, and the old rail will be used upon insurer. The management, however, have determined this
the branches, or sold, as the circumstances may require.
year to insure generally the property of the company. This
The demands of the growing local business have required has been done and a very satisfactory arrangement has been
the construction ef seven and fifty-three hundredths miles of made with some insurance companies by which the property
switches to local industries, and to satisfactorily move the that is liable to destruction or injury is insured for 81,023,increased traffic it became necessary to add additional sidings 450.
and to lengthen others. The total cost of such improvements
The railroad property has been thoroughly well maintaiiied
has been $59,075-01. Of this amount $41,513-37 was paid from duiing the year, and it is now in excellent condition. During
from
net
the Trust Fund before referred to, and the balance
the coming year several iron bridges will have to be built, and
income.
it is expected that the same will be constructed from other
line
have
The shops of the company and the depots along the
sources than net revenue.
Cumminsville
been improved, and new depots built at Eiat
The operations of the road have been conducted with reguconning
year
during
the
and Westboro. It is contemplated
larity and satisfaction to the Board of Directors and tbe
where
the
increased
new
points
stations at
to build several
operating officers. The Vice-President and other officers are
business and condition of the old structures require it.
to be commended for the faithful and efficient performance
One thousand and seven lineal feet of existing wooden of their duties.
trestles have been filled with earth during the year at an exYour attention is respectfully' invited to the reports of the
perse of $4,074-97, which haj been charged to the cost of Vice-President and Auditor submitted herewith.
operation,
The report of the Vice-President sets forth in detail the exnew coaling station has been erected at Loveland, of the penditures hereinbefore referred to and others made during
most modem type, with the necessary tracks for its econom- the fiscal year.
ical operation, at a cost of $6,617-30, which was paid out of
By order of the Board of Directors,
atsets of the company other than those derived from net
R. BACON,
revenue; and the coaling station at Pleasant Plain has been
President,
abandoned, thereby relieving the company of the expense of
coaling its road engines at Cincinnati as heretofore, and producing a substantial saving in operation.
Lake Street Elevated (Chicago).— The Chicago Evening
RENEWALS OF PASSENGER AND FREIGHT CARS.
Journal reports that th') sale of the L ike Street " L" has
One thousand and nineteen cars of all classes were repaired finally been accomplished, the buyers being a syndicate comat the Company's shops during the fiscal year at a cost of
posed largely of Chicago capitalists, who have secured a con$81,647 53.
trolling interest in the stock of the company at $36 50 a share.
The improved condition of the freight equipment has The Lake street " L" has a capital stock of .$5,000,000, recently
enabled the Company to handle with satisfaction and profit
increased to that figure from $3,000,003, and at the price paid
the largely increased trafflc.
by the syndicate the road will cost the purchasers about $700,There will be added shortly to the equipment 17 passenger 000. There is also a bonded debt of $3,000,000 in 5 per cents,,
cars and 70 freight cars, which will be provided for through
but it is understood that these have not been issued because of
funds other than net revenue. The-e additions will fully
the inability of Messrs. McDonald and Alberger to find purequip your Company in this department.
chasers. The new owners will reorganize the company and
The developmmt of local industries has continued: a num- push the work of construction immediately to Oak Park. The
ber of substanlial enterprises have been established upon the
new company will have a capital of $10,000,000, andhas guarline during the year, and in the Jackson coal region the Suanteed to float all the bonds needed to complete the road.
perior and Tom Corwin mines have been opened, which are
There has been no further information as to this matter
now developed to a capacity which will yield about fifteen from
other sources, and the above item rests upon the authorhundred tons per day. Other mines are being opened and
ity of the paper quoted.
other enterprises are being established which promise gratifying increases in the future local businei-s. Every effort has
Sapid Transit in New York City.— Public notice is givenbeen made to furnish such improved facilities to all local in- that the Board of Rapid Transit Railroad Commissioners for
dustries and coal properties as will place them in position to the City of New Yort will offer for sale at public auction, by
fairly compete with those in other parts of the State.
This Eugene L. Bushe, one of said board, on Thursday, the 39th
policy has been productive of substantially increasing the day of December, 1892, in the rotunda of the City Hall, for
amount of capital that is being invested in industries located the account and benefit of said city, the right, privilege and
upon the line, and developing those alieady there established, franchise to construct, maintain and operate for a term of
and a reliable and valuable local business is being thus firmly nine hundred and ninety-nine years, so much of the railway
created.
or railways under Broadway, and under and over other streets
The Terminal Company referred to in the last report has and lands in the City of New York, laid out and determined
been organized, and is owned and controlled solely by this by said board in its report, transmitted to the Common
company, for the purpose of acquiring terminal and other Council of the City of New York, on October 20, 1891, describee!
facilities for it, and providing the new equipment hereinbefore generally as follows: Commencing at a point under the westreferred to, and other improvements upon railroad and other erly side of Whitehall Street. 62 5 feet north from the northproperty.
erly line of South Street produced; thence under Whitehall
The increasing business requires addftirnal main track Street, Battery Park, State Street, Broadway and the Bouleroom in the Citv of Cincinnati, and it is proposed by the same vard, and under and over other streets and private property
means to acquire funds to lay two addtional tracks, making to the city limits. Also a branch diverging from the Broadfour main tracks leading from the City to Cumminsville, and way line at or near Fourteenth Street; thence runiiing under
also to improve and increase the terminals and tirminal UnionSquire, Fourth Avenue, Park Avenue and private propproperly contiguous thereto, which will lessen the cost of erty to a point 4-4 feet north from the north line of Fortyoperation and add to the net revenue of the Company.
third Street, and 159-5 feet east from the centre line of ^I^"''
It is also expected that from similar means the Company's son Avenue.
Also a loop fr.im Broadway under Mail Street,
shopp. can be consolidated at Chillicothe and improved, so that City Hall Park. Park Row and Chambers Street, and again conthe like results in this department may be realized.
necting with the Broadway line.
A
EDWARD
—
.
KOVBMBER
2fl,
THE CHRONICLE
1802.]
Fbiday Niobt, November
The inUrvenlion of a
Friday, P. M.. Sotwrnhm aS, 18M.
Indicated br our (M«Kr»a
from the South to-night. U given ImIow, For tM «««k Midiag
thia •venlng the tot*l recaipta have raeohed 8SI,7M bmlm,
turn
25, 1803.
had
u[oo buvioesa during the week.
close holiday (Thaokxgiying) has
influence as a check
Otherwise general trade conditions are rt'p<iried ua ftatisfac.
tory. Speculation iu cotton has been of very liberal clinrncter and hag diverted a large investing demand from other
staple articles.
Foreign orders for grain have fallen off, but
the export
movement
contiDues large in execution of previous
contiBcts. The visible ^upply of wheat has increofied and
recent advices report a large reserve remaining in hands of
farmers. There has been a fair export trade in cured meats.
Heavy rains prevading early in the week have been followed
by a fall in the leniiierature, witli snow and ice reported in
the middle latitudes.
Lard on the spot has continued dull and prices have declined a trifle, closing easy at 0-25®e-50c. for prime City, 103
10-25c. for
prime Weslern and
10-50c. for refined for the
Continent.
The speculation in lard for future delivery has been
quiet, but during the fore part of the week prices advanced on
"bull" manipulation, but later the greater portion of the improvement was lost under selling by "long.-," to realize profits,
stimulated by an increase iu the movement of hogs.
04ILT OUMIIIQ PBIOaS or UABO rDTUBBS.
*»(.
Hon.
Tiut
Wea
Thur.
NoremtMr delivery
DxM-m er delivery
o.
o.
o.
January delivery
10-20
S-45
9-20
10>0
9-75
9'40
1000
lO-OO
9-30
9-30
9-6.5
9-30
J.
•
o&
M'3
901
COTTON,
ghc Commercial gtmcs.
COMMERCIAL EPITOME.
its
...
MuvKMMMT or TUB ORup.u
tgainat 362,796 balea InMt week and 989.919 balas the preriofla
veek, making the total reoeipte alnoe the tut of Sept., 1699,
2,498,321 balea, againat 8,473,689 bale* for the «ame period ot
inOl, ehowinK a denreaae aiiioe Sept. 1 1893, of 019.49.')
,
HttipUal—
Mm.
tal.
GMveeton
TU4t.
I
ir«d.
iM.
lT^Hr$.
8,909 10,103
9,141
7,«79
8,164
6,131
0,831
8,033
6370
7,003
4,839
3,936
1,360
1,414
i',«>6
1,890
3,811
1,373
i',860
iWai.
1
7.386 06.099
1,439
1.439
7,306 10.831 30,043 11,746' 13.931 10.148 73.169
033 3,611 1,370
720
409 1.317
8.311
BIPaao.Ae...
Hew
Orleans...
Mobile
riorlda
aarannah
Braniw'k.Ae.
Otiarleaton
330
380
8.726
7.e»3
3.111
87.600
7.693
14 349
1.871
8,664
103
17.803
18.144
3,694
4,100
8.719
Port Roy al,A«
WUmlnKton
".'.'.'.
103
Wa*li'f[ton,Ao
Morfolk
1,883
867
Weat Point...
3,460
3,097
3,434
4,389
3,137
1,303
3.413
3,707
400
907
irwp'tN's,4to.
New Tork
8S6
611
1.064
1,100
1.016
1,093
Beaton .........
Baltimore
433
e99
Phlladelph'a.Ao
1S4
406
1,107
'609
'."'.'.'
3,047
1.839
3,694
61
"m9
88»
38
9,404
rotalBthlaweek 34.9'il 49.901 93,064' 34.172 36,284 43.919 331,764
The following shows the week's total receipts, the total since
1, 1892, and the stock to-night, compaired with last year.
Sept.
fri.
10-20
»-i3
o-i2
Fork has been less active, but prices remain the same and
stead; at »13 25(S.$18 50 for old mess, $14 23014 75 for new
aiMS, tl7(a$10 for clear backs and il7(a$17 50 for family.
CutmeatB have sold slowly, but prices are without change and
steady, closing at SJ^aOc. for pickled bellies, 8}i@8J^c. for
pickled hams and 10^@llc. for pickled shoulders. Beef
steady; extra mess $6 50® |7, packet |8@|0 and family $0(5811
per bbL
extra India mess $13@$17 per tierce. Beef hams
firm at $14 per bbl. Stearine is dull and quoted nominally
lie. in hhds and lljifc. in tcs.
Oleomargarine is wholly
nominal. Tallow has been moderately active and steady at
Butter is dull and ucchanged at 20@20c. for
5J^c.
creamery. Cheese is fairly active and firmer at 8J^@llc.
for State factory full cream.
Coffee secured unusually liberal demand from jobbers and
;
Since Sep.
1, 1892.
Tkit
Week.
Qalveaton...
ElPaso.&o.
New Orleans.
«oblle
Florida
06.020
1,429
73,166
Savannah.
37,600
7,692
14,219
..
Brang.,ifeo.
Oharleston
P.
.
330
Royal.Ac
8,664
Wash'tn,<kc
Rortolk
West Point.
»wptN.,Ac
Sew York.
.
Boaton
102
17,392
13.144
2,694
1.150
3,719
Since Sep.
Week.
1, 1891.
2,401
1893.
1891.
173.473
871
203.043
161,107
....«
33313
393.301
38,963
90.441
7.809
66,601
129.696
12.094
94.309
18,967
18,389
07,033
33,011
2.780
336,143
32.000
36.106
9,629
69.949
....M
•>•••
..—M
•
833
Baltimore. ..
PliU'dera.*o
ThU
601,721 60,910 600,173
23,293
1,021
14,489
573.581 112.206 1,092,695
86.312 11,315 147.263
11,339
56?
7,146
482.968 11,403 601,112
82,302
87,213
9,426
198,422 17,021
298,970
222
770
159
104,359
8,256 100.973
492
1,073
191
111,927 32.539 261.086
124,716 13,615
158.021
12.163
8,314
1,329
7,9Sl
11,171
1,205
36,993
32.196
0,231
139
7,733
10.539
21,095
3,510
9,928
8,211
mimlngton
Sloek.
1891.
1892.
metipttto
Nov. 25.
9.085
1,740
253.169
23,90O
30,241
11.613
advance in cost. Offerings of desirable
391,761 2,193.221313,229 3.172.68K 1,076.530 l,24l.90fr
Totals
Rio is quoted at 17J^c. for No. 7, good
In order that comparison may be made with other year, we
Cucuta at 2134c. and interior Padang at 28@28J^c.
Con- give below the totals at leadiair ports for six seaons.
tracts for future delivery were taken freely and at gradually
1887.
1888.
1889.
roasters at further
grades are very small.
BaeXptoot—
1892.
Qalv'«ton,&<
New Orleani
97.149
73,166
steady, with sellers as follows:
Savannah.
Hov
Deo
Jw
Raw
17-000.
16 800.
16-60C.
1
Feb
16-40o.
I
I
Moti
April
16-3'So.
16-ii5o.
|
May
16-20<'.
8ept
Oit
18 S5o.
15-85e.
su^ar has attracted more demand and a small fractional Kain was made in value. First hand supplir s are sm.-ill.
Centrifugal is quoted at 3,3gc. for 96 deg. test and Muscovado
at 2 15-16c. for 89-dep. test.
Refined sugars secured about
average trade demand at steady rates. Cut loaf quoted at
5i^c. and granulated at 4J^c. Molasses is a shade easier. Teas
and .'ipices dull. Rice active. Preserved fruits selling freely
for holiday trade.
Kentucky tobacco has been in fair demand, both from the
trade and for export, at full prices. Sales, 850 hhds.
Seed leaf tobacco was quiet and unchanged. Sales for the
week were 1,000 cases, as follows 200 cases 1801 crop. New
England Havana, 25a60c.; 150 ca-<es 1891 crop, New York
State Havana. 13i^(&28c.; 250 cases 1801 crop, Ohio, 8Udllc.;
home
cases
Zimmer's
38c.;
aho
Dutch, 12@13>^c.; 100 cases 1801 crop.
10i|'^(iill}<c., ami 150 cai^es sundrie?, 6<(i
Oi'Utbales
Havana, 63c.(3$l
15,
and 850 bales Su-
matra, $2 60@$3 00.
Straits tin has been quiet and prices have further declined,
due to weak advices from abroad, closing easv at 20'15c. bid.
Ingot copper has been firm, but quiet, closing at U-OOc. bid
for Lake.
I^ad ha.s been dull and prices are unchanged,
closing at 3 75c. bid for domestic.
Pig iron has been quiet but
steady ai 813 <t §15 50.
Rehned petroleum is quiet and easier at 5-60c. in bbl.«.,
8-lOc. in bulk and 6 .30c. in casef; crude in bbls. 5-85c.; in bulk
2-85c.; naphtha, OJ^'c.
Crude certificates have been dull but
steady, closing at 52%c. Spirits tutpt-ntine has advanced a
trifle and the clo?e was steady at 31'^ra8P^c.
Roeins have
been dull but steady at |1 27J^g$l
3aj^ for common to good
'
dull and heavy.
Wool is
strained.
299,091
257,10S
2.M.761
313.225
-.253,091
Oharrst'n,&<
Wllm'Rt'n,A<
Norfolk
17,3JS2
Wt Point,*
. .
61.940
112.296
11,31.')
42 906
8.301
33.319
23,109
15.1-J4
8ln8eBept.l. 2193.22t3172.636 3199.252 3096.821 2616.4e2'3130
94»
for the week ending thia evening reich a tital
of 200,005 bales, of which 13'2.395 were to Great Britain, 2-'),09»
Below are
to France and 51.707 to the rest of the Continent.
the exports for the week, aud since September I, 1892.
The exports
Xov. »4.
aipt. t.
lan.
u Soc. ». i»*
fortei
tre
9TMt
m
Brit'n **-""«•
OoiiM-
TUai
Orwt
Mat.
(r>«k.
Bruant.
1891 crop,
S(>aiii-h.
288,918
19,838
19,133
44,103
17,176
8,450
22,939
11.974
20,102
U
37,600
11,219
8,766
:
1.50
33,993
81,996
10,019
33,319
19,611
38,966
109,956
13,297
8.2
tot. this week
19.206
6,806
18,938
17,583
21,260
21.930
97,011
10,909
36.268
19,948
9,390
32.373
27,636
13.433
31.097
81.699
12,463
12,673
13,562
5,881
30,676
17.603
21.171
Mobile
Ail others
1800.
1891.
increasing price, buyers being attracted by anticipated short
yield in Brazd. To-day the feeling is still bullish, stimulated
by strong advices from European markets, and the close was
talTatton
Valaaoo. aa_.
-few Orlaana.
3.1)10
t.OOO
1,000
t0.17i>
Il.SMJ
IS.SDt
ld.4SI
&,7«
io.sei
18,41S
M,»a
M.l«)
is.tts
«,lSi
T.9J0
»,JS7
3aTanaah
«3S7
S.tM
.
.
Bmuvtek...
5,400
Oharlaaton...
fVllmlofftoo..
Horfolk
WMt
Point..
I4'portNin,a<
Kaw Tor»....
A.9S1
Total
Total. <M»i.
ii.&*i
i7&.&U M.a8s
8.tS0
io.;so
S1.M1
4,10l>
13.41
M.MI
W.AM
MkSn
tart
7,3V
aa.i7»
U,IM
ll.«H
803
Ml
a<«
M.aai
f.MI
11
ll».51l
iT.aeo
8.SIV
1,000
oea
M.SM
1»
5.SM
7.U«
ijn
TU
a.148
1,000
lM,iM MJOK Sl.TOTWaO.
HOSne %l»!i S-«74»«.Wl
M,no
8SbU7
40.S8a
l«,tM
8.IM
PhUafM»'aJk<
(t.ia:
7.1IU
MobUa a Pen.
.
M4JMS
ti.taa
nam
ii4«
906
tM,oir
Mil
5ft.U7
31.MI
f.ou
t«.70t
MJM*
i,ata
.9*0
—
.
IHE CHRONICLE.
g02
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on sliipboard, net
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Meser?,
Lambert, 34 Beaver Street.
Carey, Yale
We
&
On
JTOB.
Shipboard, not eUared—for
Great
Britain.
Other
France. Foreign
Coast-
19.201
52,366
4.000
10,000
3,000
7,500
10.400
32,000
32,619
12,739
2.500
Nonu.
Totall892... 138,467
Kew Orleans...
Galveston
Bavannah
Charleston..
The Sales and Prices of FaToajts are nhown by
0>TJ«i
^?
^
..
Mobile
Norfolk
New York
Other ports
Total 1891... 176,433
93.909
TotallSBO...
3,000
22,111
302,672
773,858
None.
48,207
93,887
Noi.e.
32,602
24.376
83.617
95.508
3.11)0
1,000
6.500
None.
314,054
227.262
21,402
13,469
927.901
478,582
Speculative dealings in cotton for future delivery were of an
extensive character, with an excitable and feverish tone prevailing throughout the week. Gloomy crop reports were
accepted as conclusive by a large number of operators, and
notwithstanding free liquidation by old longs, at the advanced
prices reached, new buyers promptly absorbed the offering.
An interesting feature of the week was the reported transfer
to Liverpool of a very large long interest, because of apprehensions entertained that the so-called anti-option bill will become a law before the eni of the calendar year and render all
contracts for f utu'-e delivery here unsafe. It was that which
gave the foreign market a sharp rise on Saturday, reflected
here by 44 points advance and a partial re-action during the
two hours session. Monday found trading somewhat more
cautious, but during the two following days business was very
free again, with prices steadily advancing, and on Wednesday
evening pricas bad attained the highest level of the season to
that date. To-day there has been much excitement, business
reaching for the day about o'35,000 bales, and values undergoing rapid fluctuations; March selling as high as 10'30c. an
advance of 93 points over last Friday and closing at nearly the
highest figure of the day. Cotton on spot was not active, but
has advanced %c. per pound. Middling uplands, 10c.
The total sales for forward delivery for the week are 1,906,400
bales. For immediate delivery the total sales foot up this weel
for export, 1,563 for consumption
1,535 bales, including
- for speculation and -:
on contract. The following are
the official quotatioi s for each day of the past week
s
«'oo5! J>'no-<
s
E.eS
T^TsJ'i
*
M
»
—
•
November
19 to
November
9
914
9^16
?.>
Sat.
f lb. 7H
7=8
8^
GoodOrdlnary
Btrlot Good Ordinary
714
7=8
7»16
S^
8^16
8 '8
914
914
^^-^
9'l6
9iS8
7158
Middling
Good Middling
Btrlot Good Middling
Middling Fair
Pair
91^8
lOlg
10>«
Tnes
Low Middling...
69,6
61*16
71.,8
Middling
1
f
:
M
:
1
to
ri.
:
1
1
^0
CO
^
^
-1
CO
<?3
CO
8i3i,
616,6
716i„
9
0- 5
OOO ®
.^
=?-^
?
«>S
Si"
U'O
fT>
Tta.
613i8
73,8
Holi-
rg
9H
,
C0O-.0
CD -^
moj,
d-oj^oj
Tuesday pteady at 3,j ad.
Wed'day Steady at iia ad.
Thur'd'y
Friday.. Quiet at 'laadv
-.
....
Hon
Total.
u
15
CCCi — »
bi*- yi"*
05 03
1-2
'.'.'.'.
19ft
189
d:iv
609
.'...1
....
1.565
....1
....
50:001'^
«P:
1
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cid
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^
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92'-?
co®co
<I
a
'c:
*
o-p--*
«?>
MMCO
1
w.'^:
5"
CDCD
*^a.->l
«i»:
>-'P-'OSi-*
1
s."^:
rf*.
— w*
0*';
£
oco
-j-j®-j
COW
O-gtw'^
^
«r:
CD -^
&
s
1
'^S'-"
1
CDB
CD3D
§
1
i
"4
1
1
^
1
:
1
1
1
!
1
«:
1
li
1
1
:
1
d;
a:
<
n
:
1
1
'•
1
|i
1
1
1
!:
1
1
1
<
a
n
1
1
«:
1
1:
:
1
«:
1
1
1
1
>
t"
<
7>4
1
<
1
1
1
1
f
IT1
<
a
3
^
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:
1
Sj
1
1:
:
1
a:
1
li
:
1
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;
1
1
:
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li
" Includes salea lu deptemuer, 189.J, tor depieiuDer, 1,700; Saptemher-Ootober, for October, 420.500.
tbe above table, and suail continue eaoli
We bare Included
wees to give, the average price of futures each day for each month. It
win be found under each d.iy following the abbreviation '• Aver." Th«
average for each mouth for the week is alse given at bottom of table.
I'hefollovrintj exclians;es Have oeen lUii'lt? .larmn chH wn^t
•2-j pi. to exoh. 500 Dae. for Fe'i.
•47 pd. to exch. 500 Jan. for M.'vy.
-13 od. toevHii. 2.501 I'eb. tor Mch.
27 pj. to BKOh. iOO Jan. tor Mch.
••50 pd. to exoh. 600 Deo. for ipr.
Even 400 Nov. for D.:0.
•78 pd. to exch. 600 Dec. for July.
0^
^
m
I
Sates 0}
Futuret.
j
I
|
2B6
306
195
189
;;:;
CO
^ji
1
1
CO
-J
MO
^M
>,
00 ^
^•M 9
tl
M»1S
Con-
266
306
Quiet
i
5"
!*i^:
M
-P
01
J
H
w
0~4
5
sP.
2
toto
a;^:
ttfO*^"'
00
I-'" 10-^
r-t
1
^CO
«j--o
I
«.=:
t^^jtcc'*
toto
c"*
a.":
^
l-^X)bO»
1
9-4
CO
05
«r^:
MMCOM
Ǥ 030-=
c
00 CO
0? <
t«
W
Prl.
SALES OF SPOT AND CONTRACT.
Irreg. at 3]8adv.
•^
15^
M 0^
W
2
loto
01 -J
O0'-'"<
v>
03
«.":
i
oiyi
MW
e-r00 >
day.
8h6
tract.
wwio-1
''
flame days.
port.
lUrf^M*
®
99:
9
1
>(^
ODO-I"*
Ci'J*
Swco**
pdi-^
MO
)f^
cow^co
t
i
A
?
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(OX 00
1.^
1^
2
^UIM^
o.w;
01
^
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*<
oco
»s
wp:
-„
-8 0000
OW -J
00 5
00
MM
utto
1
:
toto
^i-<:j^'^t^
^ti®6
COrCO
r^
^i^:
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g?
Od
^
CD
'J-^
1
l-»
«
!*
2
"
to
toto
wu.®*.
9? %
1
91
mI
•
<C30a
9C&;
«m -i:^-©'*
l^Vs
'o 0000
-n
:
'•
Cx
"^
>
MO
00
X
s:
1
Cd-"
1
OX-
103,8
101,
1011,6
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
For the convenience of the reader we also add
a column which shows at a glance how the market closed on
Oon- Spec$ump. ut't'n
1
5^
CD
Ci-J^^"*
8.-^:
1
*5
M
^i
M
CC-.0
1
M
toto
S
1
1
CO
•<
<9i
-0^30
Mi^ 03
10
Btatement.
SPOT MARKET
CLOSED.
:
:
ti'
OIW-.2
ao'^'-o
rT)
6«-'*
•
>
i?
if^
®r:
*^^
£ --'S
C CD OIOOCS tooco (k
Kl|fc°U tiw^co MtO = M Mto'^M ?
CC-.1
C;>)^
a— CO mto M
K*
>
>
> toto 5
1
9*1
W^ed
63i
7'«
8'^
d:
1
^1
aP:
tc» = «
SV
^n oooco
tv
2. aii^"^
=3
=».-^fe2 M-iS
r^ 00-5
co:oo»
9->8
91,8
9%
93l6
9'>8
9ii„
S118
9*8
913,8
91S,6 lOifl
103,8
10l«
l"f.l.l
10%
104 1011,8 lOili
111 16
lO^a
:
CO
H'l-' JO
Prl.
8%
**
-J
1
^-i-*®
Or- W^
1
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toe..-
d^'
^
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'
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=ti
l(..0<
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toO-
2
O*
CO
r>
713,6
b3,e
9'li
"tc5
."OCT
^
S-^:
1
1
:
5D
ei*-i2.
<!>
*^
9
CD
mrfa.
1
§
^T?
til.-
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waa
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ob
at!
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ts
cc
to
1
1114
7i«
7^8
I
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^to
to
:
t»k
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r LSi
f
3
to
01
ifkGOM'*
01
o2.^^
isi^
"to
.
'O
10^8
Tta
73
.
a i-M»
l COT
M«>
WOl^rfl
I'o""
.
'^9t4
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rs » 55-3-'^
1
tTMcota
^
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3:
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w
;
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»
7''=5m 7>'cn'<
§
:
£:
:
'
&
d:
^g
MARKET AND SALES.
rol.al
:
*•
\>-
fllb.
Good Ordinary
Monday
^
,
'
9'''ie
WeA
71318
81116
9
Mon Tnes
Sat.
Qood Ordinary
Bat'day
13
"
i
t:
a.=
v>
to
9:h8
im
ICs
STAINED.
inoii
758
8'a
9'18
9'16
9=8
Low Middling
3,:
.
«K
MM-^-*
t "0 0000
9Uie
10
7V,
813 16
liOW Middling
;
1
»i
QP
Th. Frl
9^
915,8
lOSja
9>»ie 9i°ie 9>8
lOD.g 105,e lOlg
109i8
lO^s
10i°i«
10"l6 10"l6
Ordinary
Btrlot
9.18
8»8
9
9I4
8»8
Btrlot Ordinary
Btrlot
mon Tnes Wed
77l6
85,8
GULF.
<
-g
m
©
;^
0)
O'.-'S!
(-•
$ lb.
Fair
;
crq
:
^*^'^ia
Sat.
Ordinary
Btrlot Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Btrlot Low Middling
Middling
Good Middling
Btrlot Good Middling
Middling Fair
B
.
•
25.
UPLANDS.
.
.-0
iF-
S
Q
!
M
CD
S 6253
Oi
f-
Q-30po
n.&3i
b5"»
—
>
q-sodI
3>
4^
8.511
o>fltB?
s-a
"S"
aa
128 417
82.326
85.844
42.604
20.813
36.453
310,448
66.953
None.
None.
350
None.
S'a.S.g'
£.
;
74.626
90,146
13,600
24,000
3,000
20,600
17,700
59,000
22,806
16,531
4.000
13.000
None.
6,600
6.950
24,000
tha
00
2,
Stock.
Total.
wise.
[Vol. LV.
illowing comprehensive table:
f
Leamng
25 oJ-
:
:
'
609
THB Visible SaPPLY op (JOTton to-night, as made ap by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
complete
656,90« to Thursday evening. But to make the totals the
figures for to-night (Nov. 2.5), we add the item of exports rrom
!63,700
2H6,700
384,900
404,200
l.BBo 1.910 400
the United States, including in
it
tne exports of Fridiy oaly.
,THE CHRONICLE.
November 36, 18M.]
Ifllll.
IR9U.
1889.
997.000
U.OOO
^f^O.OOO
651.000
2>.000
15,000
Total Orrnt Britain atook. 1,176.000 1,006.000
2.400
1.800
666.000
87.000
17,000
785.000
2.000
93.000
10,000
300
300
took at
1802.
Liverpool.... .bale*. l,17i),<)00
•took at LoQilun
6.000
,
took at lIuiMlMiri;
took at HriMiuMi
took At AtiintMnlam
took at KoitKnlaiu
took at .Vntwprp
took at Karre
took at MarselUea
took at Baroeloa*
took at U <a.>.t
look at Trtea to.
200
400
3.000
317.000
12.000
51,000
6,000
17,000
5.000
223.000
H.OOO
40.000
5,000
24,000
3.000
159.000
3,000
46.000
4.000
4.000
S.OOO
127.000
3,000
45,000
7,000
7,000
Total Continental atooka
510.000
410,300
324,900
259,000
85.000
17,000
fi)r
1.900
00.700
3.000
903
1,6'4R,000 1.416.800 1,100.900
3.').000
Kurope.
2t,0>)0
14.000
..
Amer.oott'natloHtfoiHuropB.
677,000
613,000
45,000
705.881
390.678
24.215
7.^S.00()
S<ypt,Br»sll,.ko..atltforK'r'pe
71,000
42,000
cook In Lhiltoil Htiittin ports .. 1,076.530 1.253,041
Btookln U. S. Intorlortowna.. 348.9(10 501,407
Unlteddtatoa Biporta to-day.
37.179
18.817
ITai*
truUnt
Tue:
Hon.
tatur.
r«tna«.
aalTeaton...
^arannah...
B
Ubarloaton.
WIliulnictuD
-Vorfolk
V
Boatoo
B<4
20.000
701.000
33.000
Total vlelblo anpply
3.913,217 4,030,617 2,937.677 2.728.280
OttheahoTe, tbetotikiaof Amerloaaaudottiurdeaorlptionaareaarolluwt:
A m«rif an—
balea. 1,016.000
Lilverpnul stook
803.000 476.000 467.000
OODtlQeutalstuoka
331.000 V8^.000 220.000 170.000
merloan afloat for Europe... t>T7.000 7.5'4,000 643.000 701,000
l,07li.530 l.'.i,-^3,91l
United States atouk
705,881 7J9.550
313. s60
OnltedStatealuterloratooka..
5 '1.4M7
390.678 271.703
DnttedStateaezporU to-day.
18,817
37,379
24,215
20,102
Total Am tnoan
Xtut Indian, BriuU, He,—
3,521 237 3,641,817 2.134,777 2,375 360
154,000
6.000
126.000
35,000
71,000
Iilrerpool stool
liOndonstook
Continental atooks
India afloat tor Europe
Kypt,Braxll.<ko., afloat
191.000
9.000
122,800
21,000
42,000
281.000
'.^5.000
101.900
14 000
45,000
194.000
15.000
8».000
20,000
33,000
383.800 472,900 350,900
3,521.237 3,641,817 2.161.777 2,375.360
Total Eaat India, 4(0
Xotal Au^erloan
392.000
St.
i
e<*
9^
u
OVi
0'4
SI'*
SllJ
9
AT THE Interior Towns the movement— that is the receipts
and since September 1, the shipments
week and the stocks to-night, and the same items
lor the week,
eorresponding period of 1891
(ol'owinK statement.
—
is
set
out
ia
for the
for tie
detail in tbe
9H*1»
»\
;
10
0'4
O^H
0>t
0>t
0^
..
4Uanta
Oi«
Little
9%
Rook
.MuntKumery
Oolaiubaa.Mlaa
Bufaula
Naahrllle
S
Ifewherry......
...
Oolumbua. Oa.
9>*
9>«S>*
KalelKli
Selma
.....
9ha Bbreveport
Matches
0>»
....
BsoKiFTS From try Plantations.—The following tab)*
Indicates the actual movement each week from the plantatlonri
The figures do not include overland receipts nor Southern
oonsumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
Snallr reaches tbe market through tbe outports.
R«M4ptiatth« Porta. St'kat Intartor Tawm. Rae'rU/ram nanl'w.
I74<k
nilMi»—
OcU
ISM.
188*.
isei.
IMO.
1801.
ISROl
IMSS.
I
«0
813.151 SSO.lJl «70.73S 19l.il«7 S10.8«S|M».0»0
«1..
lb..,
99,000 bales.
flxuros indicate a decrease in the cotton in sight
to-night of 117 3*) bales as compared with the same dat«
of 1891, an increase of 91.5,560 bales as compared with tb«
gorresponding date of 1890 and an increase of 1,18(5.977 bale*,
compared with 1889.
»H
OH
10<«
»>t
9\
..
"oh"
3
B
OH
The oloaing quotations to-day (Friday) mt other import«Bt
Southern markets were as follows:
11...
The above
F
u
Loalarllle.
week have
bet
9>t
oaatoo
Total Tlalble aapply
3,913.237 4.030,617 2,937.«77 2,726,560
5>4d.
53, .d.
Price Mid. Upl., Liverpool....
4>ad.
5M.
lOo.
PrlceMld.Upl., New York
8'so.
O'l^c.
lO'iC.
^~ The imports into Continental porta the past
i
• <a
10
L«nta....
Olnolnnatl
fW.
Tkur$.
•
««t
!•%
o-.
Holille
..
WM^*
t
«>4
»ew Orleanr
Aaguata..
Menipbla
.
miuuum* ourrua ua—
tikuauM <4UurAnui)a m>«
Sni. 2i.
Pbllatlelplila
271.708
26,102
Sotttfe*
•mand other Drimilpiilnotton rnark«>t« for «n»'
925.11)0
73,1.550
»
QooTATioNs roR MiDou!«a Corroii at Omini Hakkst*
Mow we f^ive cloHinjr '(UoUtionii of rnld<lllM
Baltliuora...
Total GnroHeanatooka..
Indlaoottonarliuit
.
..
;
ISRI.
I
I
lasiL
5 ••
.iM
813.188 ata.48»'2(>0,170|2U.70«|3.')8.MT,38S.tM 892,1':
800.3M:SU.ae7{2»8,6Jz|!8M&l, 378,830 SSl.OSI S31.li.
t:i',.:,d
32
423.i;H
IS
919.13
2;o,aW
28S.«19,3.>2.297
1.0
«79.28t84S.««8
2(M,au{sU.7U Zai.'OO 360,179 4a«.ll'2l|324.081 809.920 .!•;> i'7 S(ta.SSt
2.i3 Hill .lia.225'251.781 S9O.678'60l.«97l848.lW0!i83M>i|.«7.'^Ol 271.M*
4...
1
2!:.
The above statement shows: 1.—That Che total receipts from
the plantations since September 1, 1893, are 3.718,417 bales; ia
1891 were 3,918,2.54 bales; in 1890 were 3,o7.5,3W bales.
2.
That, although tlie receipts at the outports the past we?k
were 2.51, 7Ct baliw, the actual movement from plantations was
274,513 bales, the balance going to increase the stocks at
tae interior towns. Last year the receipts from the plantations
for the week were 3(7,9J1 bales and for 1890 they wer*
283.590 bales.
—
OVERLAND MOVEMENT FOB THE WEEK AND SraCK SEPT. 1.—
statement showing the overland movement
As the returns reach us
for the week and since September 1.
We give below a
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
This weekly
the principal matters of interest are given.
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Nov. 2*
and since Sept. 1 in the last two years are as follows:
J
»
M
© ocV* U'v»xb:eoaKTC«M^VoV.baDC'e*.o:ocVj;coicw
00
I
Wuk.
k^)o^^*-c:a9:Otocccc?cc;val(bawooai(.o^u•^Mcccc«
-a
a
I
M
I
qdI
u-
,.,
'^^P^P}'^^^?^ 10 -co ~a
)*-«c— c^M;aXic-vtwOCnc ca.-sj.-««woD — a^si^xi.;®
» a^ *.'".'''.-.*' i^ 5^ I^ r*
5^"
^l^.'^f" .'*'.*
axipped—
Via St Lonls
17.071
7.326
9.167
Via Cairo
Via Hannibal
Via EvansvUle
I
Via Cincinnati
Via other routea, &o......
h^^
......
00
O<l«J»'0DytM-JFa;
Dtduet tliipmenit—
MM
00
M MM
px Oi<I^^WMMMWW^.-_aj^W©_fc3
HOa
Ik
ifc.
13
Overland to N.
Between
wo'cik'mxO' o— 'o^c: cc — a*.MOXMMMXM'^oo»«»
tcuro-ji^^3;#k — ccxta — 0'C — ;^<C'^x-jo;crovw*jaM^
Oi K.v:.i- caOif-^o> (&toM'-£oc vaxOM^to:;i..4.4aMtQueo
»
ci
I
I
C5*:.;
MMWMM
-J* a-*
lO
»fc
MM
;C(d
a.
"-)
v>x^u>u-^viajataK>MMOto^xixoooCDUi^Mj9-^a>»dc^
SVS.IO
19.057
7,241
5.569
6.781
0.266
9,193
230.4 9»
876,045| 90,327
633,909
121, 2»0
5S.613
71.700
4.05A
4G.32S
30.844
43.209
Ac. U.1H
120.481
75.760
10.113
74.734
50.8S5
60,956
3,163
10.108
2.734
6.409.
8.068
22.204|
76.611
88.261
41.912
15,^11
82.007{ 14,910
146.784
S3.?9t
937
,
tOW-sl51 atOtOttifh *0
'-^
Sitie*
Sept. 1,
Week,
1,
Leaving total net overland*.. 35.735 291.038! 75.117 436.125
* tnoludloK movement bv rail to Canada.
The foregoing shows that the week's net overland movement
ttiis year has been 3.5,73 > bales, against 75,417 bales for the same
week in 1801 and that for the season to date the aggregate net
overland exhibits a do urease from a year ago of 192.0S7 bales.
M
W^ p 00 *J W ^^ M — jO O OS OD^ Ci O m 0» O X tO
"^cn'-iViVj ic tt yic w x ac to x *»'—
w^i m«o lib w w Vb os Va
i^.iUtCC. CO»-ttCCC>«^UC^KCtOO'XSdUi-QO^a'C^t3(J-CXi^
Y., Boaton,
Interior tovrna
Inland, &a.,from South
o M M X to ^^ b 00 cc VU a b »
-Ca
Oi
Sept,
4.18^
4.7-2
7,413
51,246
Ul
Sine*
962
Via lx>ai8vllle
CD
1891.
1892.
N^ovember 25.
I
m
1891.
1893.
In Sight
;
M
- lit 3
jip
woiM
atut Spinners'
Takings,
KtCMMaks^ibi^Mio'.^
Week.
Since
SepI,
Bines
Week,
1.
aqX.
1.
251,764 2.493.221 SI 3.22^ 3.472.«3»
25
33.735 204.0.38 7.^.4l7 4^rt.l3»
leS.OOO; 17.000
173,000
25
18,000
Boutberu cunauuiptlun to Nov.
ReoelpTB at p<irt« to .Vov.
Netoverlaml to .Vov. 2S
Mi-«
*.
MX —NM — M mW
W; tZtO W <- O" V ^ 5»K W Jfc^ tc W X w to
p »3 * CJ !C •,^P5
t-2*»cVV)*^MV;c-i' %' bb^b'ct cV-i^bboiibMwb^i'-iro
)^ v^
^ J* T. '£
od; o:xo«i— ic*--J--^oc^scl^ltJC3i:r:CW —
M
;
'^
'•£
Total marketed.....
,
..
Interior atocka In azoeas..
•
t
LoaiAvtlle flffures "noi" la both
This year's di^ares fl:>Umftted.
yean,
30.^.4!>0 •2.!)70.?59
.
I
22,T7U
409.642 4,130,011
443.568
330,2261 34.576
410.21 j
Came Into aUht dnrlnc week. 828,378
3,190.485;
4.376J7>
TotallnalKht Nor. 25
.
|
The abovecoc:ilH'4how that the interior stocks have increaned
570.818'
87>.a8»
duiing the wt>ck 22,779 baks, and are to-nigVt 152,637 bale* gorth'n splnnera talt'm to Sov.88
less than at tbe same period last year. The re<> ipi8 at all thi*
It will be seen by the above that there has ootn) iito sight
t >wna have been 2?. 102 bales less than the same week lAst
during the week 828,278 bales, agains 440,818 bales for the
year, and since Sep:. 1 they are 727,439 bales le. a than fcr tbe same week of 1891, and that the oocreaae <n am lunt in sight
same time in 1891, 3
to-night as compared with Ian year is 1,389. 8M bales.
,
I
..
.-
,
THE CHRONICLE.
90 i
Weather Reports by TELEaaAPH,— Oar advices by telegraph from the South to-ni j;ht denote that the weather has
n general been favorable, but little rain having fallen. At a
result the gathering and marketing of the crop has progressed
—Telegram
Stateburg, South Carolina,
not received.
WUson, North Carolina.— Tel-'gra.m not received.
The following statement we tiave also received oy
November
Vclock
24, 1893,
and November
he lowest
24
]fov .
—Dry wexther has prevailed
Above low-watermark.
Above low- watermark.
Shreveport
Above low-water mark.
Vlcka 'urK
Above low- water mark.
* Below low -water mark.
The
'91.
Feei
3 3
3
3-7.
37
3-3
12-5
1-4
Nashville
Palestine, Teajog.— No rain has fallen the past week.
92. A"OB 26
Feel
MemphiB
45.
3
26, 1891.
Picking]; is
Galveston, Texas.
telegrapti
jnowing the height of the rivers at the Doint« named at
nearly finishad in sotn9 lojaUties.
all th> week.
thermometer ha? averaged 60, the highest bainj 70 and
rapidly.
The
[Vol. LV.
6-2
*2-3
09
ranging from 34 to 76.
Huntsville, Texas. It has bsen showery on one day of the
INDIA Cotton Movement from all Ports.— The receipts
week, the rainfall reaching tweaty-flve hundredths of an and tiipments of cotton at Bombay have been as follows for
nch. The thermometer has ranged from 34 to 78, aver- the weet and year, bringing the figures down to Nov. 84.
BOMBAY RGCEIPTg AMD gHIPHENTS FOB FODB T EAKft.
aging 56.
Dallas, Texas. There has been no rain during the we^k.
Shipments tince Sept. 1.
Shipmenu thi» week.
Beceiptt.
Average thermometer 53, highest 74 and lowest 82.
ereat OonliQreat
ContiThi»
Since
San Antonio, Texan. The weather has been dry all the tear BriVn.
Total.
Total.
Britain nent.
nent.
Week. Sept. 1.
week. The thermometer ha^ averaged 55, highest 78, lowest
thermometer has averaged
55,
—
—
—
83.
L'lling, Texas.
week.
—^There
has been one light drizzle the past
The thermometer has averaged 53, ranging from 28 to
78.
—
Columbia, Texas. No rain has fallen during the week. -The
thermometer has ranged frooi 30 to 76, averaging 53.
Cuero, Texas, We have had dry weather all the past week.
Average thermometer 55, highest 78, lowest 33.
Brenham, Texas. We have had light showers on two days
of the week, to the extent of fifty-nine huniredths of an inch.
The thermometer has averaged 55, the highest being 76 and
—
—
the lowest
34.
1892
1891
1890 J",oo6
issa 3,00)
6,000
6,000
3,000
3,000
iio'io
2",6o6
.=1,000
1.000
4,000
16.000
has r.iined lightly on one day of the
rainfall being five hundredths of an inch. The therhas averaged 47, ranging from 24 to 70.
Shipments for the week.
week, the
ing 52.
Weatherford, Texas.
— No rain has fallen the past week.
Average thermometer 51, highest 76 and lowest 26.
New Orleans, Louisiana. — There has been no rain the past
The thtrmometer has averaged 59.
SIhreveport, Louisiana.— CotUm picking is nearlv finished.
What remains in the fields is mostly in bottom lands. There
has been rain during the week to the extent of one hundredth
of an inch on one day. The thermometer has averaged 53,
ranging from 36 to 73.
5;veek.
—
Columbus, Mississippi. Picking is practically over. It has
rained on one day of the week, the rainfall reaching twelve
hundredths of an inch. The thermometer has ranged from
28 to 67, averaging 47.
Le^.and, Mississippi. There has b ea rain during the week,
the precipitation reaching thirtv-six hundredth^. Average
thermometer 53'6, highest 80 and lowest 33.
Little Rock, Arkansas.— The output of the crop in this State
will fall far below expectations of a month ago, and continued
wet weather ma lies the gathering of what is matured very
uncertain. There has been liglit rain on one day of the week,
the rainfall reaching eight hundredths of an inch, and it is
now raining. The thermomnter has averaged 46 '4, ranging
:from 81 to 70.
Helena, Arkansas. Rain has fallen lightly on one day of
the week, to the extent of thirty hundredths of an inch. As
picking progresses the crop is found to bs even shorter than
previously e-timated. The thermometer has ranged from 28
to 70, averaging 47.
Memphii, Tennessee. Crop accounts do not improve. There
has been rain on one day du'-ing the week, the precipitation
reaching 6ve hundredths of an inch, and the weather is now
threatening. Average thermometer 45'3, highest 70'1, low-
—
—
—
est 25-1,
—
Nashville, Tennessee. We have had rain on one day of the
week, the precipitation being two hundredths of an inch
The thermometer has averaged 48, the highest being 62 and
the lowest
Qreat
—
Fort Worth, Texas. Dry weather has prevailed all the
week. The thermometer has ranged from 29 to 75, averag-
20.
Mobile, Alabama.
60.000 14,000
4i,000 4,000
30,000 1^,000
57,00„
83.00!{
89 00^
135.00"
61,00033,000
According to the foregoing Bombay appears to show
an iu'yrease compared with last year in the week's receipts of
10,000 bales and an increase in shipments of 6,000 bales, and
the shipments since Sept. 1 show an inorease of 18,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the Ist of September, for two
years, has been as follows.
"Other ports cover Ceyloa,
Tuticorin. Kurrachee and Coconada.
Bdt ,n, Texas —It
mometer
57,000
39,000
25.000
38,000
Oontinent.
\
Britain.'^
Shipments since Sept.
Oreat
Britain.
Total.
Oontinent.
I.
Total.
Oalontta—
1892
1891
Ifadraa—
1892
1891
All others—
1892
1891
Colal
2,000
2,000
3.000
2,000
5,000
4,000
1,000
1,000
11,000
11,000
5.000
6,000
16.000
17,000
1.000
1,000
2,000
1,000
3.000'
2,000
13.000
16,000
17,000
12,000
30 000
1,000
1,000
3.000
1,000
4,000
2.000
2 f.OOO
29,000
25,000
20,000
51,000
49,000
28,000
aU-
1892
1891
The above totals for the week show that the movement from
>re than the same
the ports other than Bombay is 2,000 bales
week last year. For the whole of India, therefore, the total
shipments since September 1, 1892, and for the corresponding
|A
periods of the two previous years, are as follows:
m
"
BIPORT8 TO SDBOPB FSOH ALL INDIA.
1891.
1892.
1890.
Shipments
10 alC
Europe
This
week.
from—
Bombay
Ill other ports.
Total
This
week.
Since
Sept. 1.
This
week.
Since
Sept. 1.
Since
Sept. 1.
6.000
4,000
60.000
31,000
2,606
42,000
49 000
2,000
3,000
30,000
58.000
10,000
111,000
2,000
91,000
5,000
88,000
—
Alexandria Receipts and Shipments. Through arrangenents we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
»re the receipts and shipments for the past week and for the
xirresponding week of the previous two years.
Alexandria, Egypt,
November 23
1890
1891.
1892.
Ctecelpts (oantars*)
This week
Since Sept. 1.
This
Since
week. Sept. 1.
—Dry weather has prevailed
2,50.000
160,000
2,039.00)
1,837.000
This
Since
week. Sept. 1.
Sinet
This
week. Sept. 1.
320,000
2,556,000
all the week.
E cports (bales)—
from 30 to 72,
9.000 13 1,000 21,000 129.000 11.000112.000
To Liverpool
Montgomery, fi.labama.—Th0 weather has been dry and
5,000 47,000
15,000 65,000 4,000 39,000
To Continent
cold the past week, with frost on Thursday in thi) vicinity.
159 000
16,000
25,000
163.000.
Europe
24,000
199,000
Total
The thermometfr here has ranged from 33 to 62, averaging 50.
iV0antar1»98 pounds
Selma, Alabama. Dry weather has prevailed all the week.
Average thermometer 53, highest 74, lowest 33.
This statement shows that the receipts for the week ending
Auburn. Alabama.— "We have had rain during the week, to Nov. 33 were 330,000 cantars and the shipments to all Europft
the extent of ei.;h^y-seven hundredths of an inch. The ther- 24,000 bales.
mometer has averaged 51-4, the highest being 70 and the
Manchester Market. Our report received by cable to-night
•lowest 35-5.
from Manchester stites that the market continues firm for
Madison, Florida. The weather has been clear all the week. botli yarns and shirtings. The demand f )r both Iniii and
The thermometer has averaged 61, ringing from 81 to 77.
China is poor. We give the prices for to-day below and leave
Columbun, Georgia. Dry weather has prevailpd all the those 'or previous weeks of this and last year for comparison:
"Week. The thermometer has ranged from 83 to 61, averag-
The thermometer has averaged
55, ranj;ing
—
—
—
—
ing
1891.
1892.
48.
Savannah, Georgia.— We have had no rain during the week.
Average thermometer 5', highest 73 and lowest 33.
Augusta, Georgia.— The weather has been pleasant daring
the week, with light raia on one day, the rainfall reaching
forty himdredihs of an inch. The thermometer has averaged
47, the highest being 70 and the lowest 29.
Charleston, South Carolina. We have had rain on one day
•of the week, the rainfall reaching two hu idredths of an inch.
The thermometer has averaged 50, ranging from 30 to 68.
—
Oott'n
32> Oop.
S"* «*».
Shirtings.
Twist.
d.
00.21 6'a
d.
®7i>s
s.
d.
5
1
s.
-ae
d.
8
aaoss ®7ii 5 ligae 9
Nov. 4 6% ®758 5 2 ®6 9
••
11|6''8 ®7% 5 3 ai6 10
" 13 7I4 ®8>9 5 6 ®7
" 25 Tk ®8ia 15 7««a7 2
•
1
Mid
d.
a.
47l8 7%
4' 1 7^8
1
O'Hfl
Xid
jjpid
|
d.
Is.
®7''8
CUT'S
5
7H «7^
«7^
37 58
91^
4H16 7
41^18 7
S"* 17I8
ll>'-
Shirtings.
Twist.
Uplds
44
SH
32» Oop.
d.
8.
d.
d.
i
5
5
97 l"* 4?
37 l"* ^'S
8 ®7 Ci 49ig
4;is
7^91
4ig
1^91
5
7'ii»7
5
5
9
9
4'a,.^
'
November 26,
THE CHRONICLE.
1893.]
Jute Bctts, Baooino, &c.—The demand
for Jut« bagging
under review, but quotations
ve unchanged at SX^o. for 1^ lbs., 5%'o. for 3 \ha, and 6)^o.
for standard gradi-s. Jute butts continue quiet at l^o. for
paper grades and 3o. for bag<iog quality on tlio spit.
has
I
b<
en
SiiiPPiNO
News.—Tlie
exports of cotton from the United
are the same exports reported by telegraph and pubiislied in
the Chrokicle last Friday. With regard to Now Yoric we
include the manifests of all vessels cleared up to Thursday.
Total balu-
New York—To
*
Liverpool, per atnamers BeUravla, 3,916
Bovlc, 0,117.... Nevada, 1,470
Teloinon, 1,744
To null, per (steamers Pranolsoo, 2,786 .. OalUeo, 1,588...
To London, per steamer Canada, 809
To Hiivre. per ateamer La B»urvoi;ne, 663
,
To Rniiicn, per steiiuier Elbe, 673
T(i llamlmrg, pergtoiiiner Markomannla. 700
To Autwi-rp, pur steamer Belgenliuiil, 100
Kbw Oki.kans—To LlTcrpool, per ateamera Alava. 4,000
down of EukIhuiI, 5,438 ...Darieu, 6.71 2 ...HiiRO, 4.702
....Palfiitlno, 5,000 ...Qaeenslaail, 5,100. ...ye8ta,5,7&0
....Wakcncld, 4,200
„
To Iluvro, por ateamers Arroyo, 8,900
Dora, 4,900....
Duiikeld. 6,900. ...Endeavour, 6.117
UALVBSTON—To Liverpool, per steamiTa A vona, 7,595
Bendl,
9,723... Dewslandfl. 5,034 ....EndOHvor, 7,015 ...Moorg'te, 5,850.... Noma. 5,345. ...Parkd^d, 6,48 1.... Twickenham. 6,102. ...Wiu. n. Mitchell. 4.'(20..
To Havre, iwr steamer Wevbrldtce, 6,444
To Bremen, per steamer Vala, 4,h85
HOBII.E— To Liverpool, p.ir steamer Ilollopes. 7,255
Pemsacola-To Liverpool, per st amor rhoidisa, 7,610
Bavannah—To Liverpool, per steamer Norfolk, 4,990 upland
and 184 Sea Island
To Bnuicn, per steamer Malabar. 4,344.
To Amsterdam, per steamer Edinburgh. 1.900
To Lisbon, per steamer Oiown Prlu^e, 1,500
To Oporto, per steamer Crown Prince, 1,500
To Pasages. per steamer Crown Prinoe. 1,400.
To Barcelona, per steamer Tudor Prinoe, 3,575
To Salernci, per bark Themis, 1,700
RtwswiCK— To Dunkirk, per steamer Coventry, 2,480
.CHABLESTON— To Liverpool per steamers Northumbrla, 5,010
....Vectis, S.eai upland and 162 Sea Island
To Bremen, oer steamer Falaliaw, 5,800
To Barcelona, per steamers Frutera, 2,428. ..Naranja. 2,480
WHJUNOTON—To Liverpool, per steamers Headlands, 9,710
Ormsby. 9,180
To Bremen, per steamer Calliope. 9,000
HORFOLK— To Bremen, per steamer Restormel, 1,874
Nkwtpoht News— To Liverpool, per steamer Focasset, 205.....
Boston— To Liverpool, per steamers Cephalonla, 1,072
Georgian. 4.068 ...Roman, 1.292
To Yarmouth, per steamer Bo ton, 135
BALTI.WORE— To Liverpool, per steamer Ba'tlmore, 3,531
To London, per ttiamer British Queen, 1,000.
To Havre, per strara r Govlno, 745
To Hamburg, per steamer Stnbbenhuk, 1.030
12,777
4 374
809
683
673
700
100
745
1,050
26oil85
particulars of these shipments, arranged in our usual
#onu, are as follows:
Liverpool.
12,777
N. Orleans. 40,902
Oalveaton. 57,798
Mobile.. ..
t.f.ff
Ptn^aoola. 7,6 iO
Bavannah.. 6,174
Bre- Am'd'm, Spain,
Hull Eavre menii RMe-- PorluLon- dt oun- Bam- dam (t aal d Tar-
rf
don.
5,183
......
Bruiuwlok
kirk.
birff.A.nltc'p.
663
1,373
26,817
6,441
4,885
......
......
•••
>>••
•••
4,344
1,930
S.OOO
v.OOO
••• •>•
*«•••
*••••
9,675
2,480
WUmlngt'n 18,890
Norfolk
Wpt News
Baltimore.
mowh.
•••
•
Oharlest'n. 10,896
Boston
Ilaly.
100
4,903
205
e,430
3,531
135
1,000
745
1,050
341
Total.
20,096
67,Tl9
Ocif 127
7(Z?5
7,610
21,093
2,480
21,604
27.«90
1,874
205
6,565
6,667
6,183 37,149 28.326
2,31114,583
Liverpool -Nov. 17-8teamer Paulina, 4,262. ...Nov.
18 -Steamer Cyril. 5.313 ...Nov. 19 -Steamer Oalrln, 6.659 ..
Nov. 21-acoamer Avalon, 5,739. ...Nov. 22 -Steamer Blrohaeld,
8,870.
To Havre— Nov. 19 -Steamer Langham, 7,140.
To Bremen-Nov. 16 -Steamer Phylllt. 2,i97.
To Hamburg -Nov. 16— StBumer Phyllis, 1,652.
RBw Orleans—To
En
Liverpool -Nov. 18 -Steamers Cuban. 9,6.50;
rlqne, 3,6.50. ..Nov. 21 -Steamer Serra, 3,000. ..No?.
22 -Steamer
Coun.ifellor. 2.850.
To Havre-Nov. 18 -Steamer Bentala, 7,000 ...Nov. 19-Steamer
RSOM, st'amer (Br). Shaw, from Now Orleans for Bremen,
ep, bat was asdstnd oiran<l procendad
steamer (Br), from Oalveatoa for Liverpool, with 7,750
bales of ootton, was passed by steamer Empire, fr.>m Bruaawlck
f T Bremen, on Not. 18. The ZkUlbar was bjlng towed by •
Natl jual Line steamer.
Cotton freights the past week have been as follows:
AUur.
Hon.
Do
Do
d.
Do
A.
->••
-•>
*J«
»i«
• -•a
>-••
<>ia
8|0
'l«
J
«
I
\
'
....
••>
>>••
-•••
ss
*ai
Oss
>••
35*
7,3a >4
•-•
35«
'»««'4
88*
8A.VASXAU—To Liverpool— Nov. 22 Steamer Nedjed, 6,837.
To Bremen-Nov. lS-8teamer Ariel, 8,293. ...Nov. 19 -Steamer
-
Pembildgc, 6,821.
4.400.
NosroLK— lo Liverpool -Nov 18-Steamer Restltalon, 3.874. ...Nov.
:i_ 22-6teamerBretwalda. 2,282
Nov. 24— Steamer Queen Anne,
1,200.
Wjmt Poiht-To Liverpool -Not. 19—Steamer Ooomaaale, 7,936....
Nov. 21-Steamer Bretwalda, 4,200.
XSWPOET News-To Llverpool-Nov. 24-8teamer
85*
o
'JS»'4
....
14
Trleste.v.Lond'ntf.
Tjj
Antwerp, steam. (f.
ig
Do
*
d.
Cents per 100
LiVEEPOOL.
^Sl
....
lbs.
—By cable from Laveroool we have the following
storiks.
Not.
lales of the
IisSISm
H
statement of the week's sales,
week
An., at that port:
Nov. 18.
ITov. 11.
4.
39.
ffbtr.
40,000
70.000
91,000
77,000
Of which exporters took....
1,400
2,600
5,000
8,000
Of which speoolators took..
1,000
5,300
23,000
17,000
Sales American
32,000
55,000
58,000
56,000
iotoal export
8.000
8.000
6.000
13,000
Forwarded
57,000
61,000
71,000
69,000
Total stock— Estimated
1,075.000 1,117,000 1,163,000 1,170,000
Of which Amerioan- Estlm'd 917,000, 965,000 l,'i06,000 1,016.000
Total Import of the week......
134,000; 111,000
l.'S.OOO!
89.000
Of wliloh American....
116,000! 100.000
100.000
72,000
.
imonnt afloat
285.000 243,000 306,000 386,000
Of which Amerioan...
275.0001 240,000l 300.000! 380,000
bales.
The tone of the Liverpoal market tor spots and futures each
day of the week ending Nov. 25, and the doily closing prices
of spot cotton, have been as follows:
Saturday ttonday. Tuetday. irsdnM. TAurMTy. JHdoy.
vpott
Market,
Moderate Oarden's.
demand.
1:45 P. M.
8,000
Aexp.
la bnyers'
Stronc.
favor.
Strong.
5
5
ffld-Opl'ds.
Jalea.-.
8>4
8»1S
11,000
1,000
1,000
Fair
teiaand.
12.000
2,000
13,000
3,030
12,000
3,000
12.000
2,000
Future*.
Market,
{
1:45 P. M.)
Market,
4 P.M.
steady at
4-64 ad- 1-M^a-ei
Tanoa.
advanoa.
ansettled
Irregular
Barely
and
Steady.
steady.
nnsettled.
Bretwalda, 303.
Firm at
Bzolted,
1-e4ad.
A.«4«8-«4
advance.
Tanoe.
Irremilar
Barely
steady.
and
Strong.
The opening, Iiighest, lowest and otosmg prices of future'
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
TKut: 4 63 MeaiM
ks' iiie price* are ifiven in pene* and 64M.
4 d3-64d., and 5 01 mean* 5 l-64d.
Mob., Not.
Bal., Not. IB.
Oran
Brcnswick- To I.lv*pool— Nov. 24-8teamer Alderley, ",250.
Charlesto.s-Po Havre -Nov. 22— Steamer Ounedin, 6,4O0.
To Bremen-Nov. 21 -Steamer Enterprise, 5.350.
WiLMiNOTON— To Lverpool— Nov. 23 -Steamer Cape Ooloana, 8,921.
.
>•••
Oenoa, steam... d.Sjgais,^ ''l»«"«4 »16»"«:« »i«»"m
Nov 22—
2,}00;
ToGenoa-Nov. 19 Sleamer Conde WUfredo, 1,550.. ..Nov. 23—
Steamer Trlnacrla, 4.300.
Mobile— To Liverpool— Nov. 19-Steamer Scawfell. 5.727.
To Hango-Nov. 21- Steamer Dean,
-••
>1S
Sjg
....
rf.|
Autllla, 4,300.
,
'4«'0
>•••
35*
Ams'dam, steam.;.
Koval, steam ...d. ''siV^
Do
H
'l«
d.
Bremen, steam.. <f.
JH.
Wtdtu*.\ Tkurt.
H
«)«
rf.
Havre, steam. ..<!.
Do
Tuts.
H
Frederlco, 4,717.
To Hamb.irg -Nov. 19 Steamer Incbdnne, 2,207
Steamer Hungarian, 1,"200.
To Barcelona-Nov. 19 -Steamers Conde WUfredo,
whleh pat
135 260,185
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
OiiVESTOH—To
for LiTitrpool,
witb oargooa Ore, salted Nov. 30;
wont ashore near Nleuwo D
Spec.
Total. ...171,458
B,
TU0MA4 AM)
B' loua, via U'sl's d.
6,430
135
3.531
1,000
New York
ZAN7.IIIAII,
1,700
2,480
19,890
9,000
1,874
205
»..•».
for destination.
Hamburg, steamd.
10,896
5.800
4,908
OtiAOMHi, 040 ...Wot. IB—
uner Vir(lalaa, 8,7J».
i
lost,
8,174
4,344
1,900
1.500
1,500
1,400
3,575
341
TOt«»J-
be
Pavokas, steamer (Br), from
In at St. John*. N. P., Not.
St.
Liverpool, steam.(l
87,7'8
6,441
4,895
7,a55
7,610
...N
.
Baltiiiorb— To LIvariiool-Nor. Id
Uarrowoivr*, 3,981. .m
Nov. IH Steamer Queenamora, 4,4.'>2.
To Kotterdam -Nor. 14-8teamer DiUno, 71B.
PiiiLADkLi-iiiA— To Uverpool— Not. lO-Bteamar Lord OUt*. 1,000,
Balow we give all news received to date of dlsMtwi to
vessels carrying cotton from United States porta, ftc.:
Rosa Lkb, steamboat, wa* barne<I to the water'* edge at h^r wharf at
Meiuphli. 6 A H. Nov. 20. She was ownn<l by the L«e Line aad
ran aa a tri-woekly packet between MnmphM and Aabnort. T«na.
She wa^ four ynam old. valuel at BTUiOOO, and Injure! fur Sao.oOO
In the LoulkTllle Underwrltem. Her oargo mmalstod of 397 balM
of cotton and 1 ,900 sacks of cotton rei d Toe ootton wa* oooalniM
to Memphis taotors and Insured iu l><oal eompaolae. About 100
bale* which were (m the f irward de <k of th« sleamer were saved
In a damaged oondltlon. Some of (be pai^engera are auppoMd to
26,817
ToRotterUam, per steamer PalapiOO,341.
Wew York.
BMmer Cilumhlan. :i.67l
To Yarmouth Niv. 22 -Hteamer
40,002
'
The
Bonoir—To Uverpool-Ror. l4-8taMner
light liurinK the weeic
States the post weolc, as per latest mail returns, have reached
300, IHS l>ales. So for as the Southern ports are concerned, tlisee
905
0F«n
H<«)>
Low.
Olix.
4.
4 5*
4.
4.
4.
4M
4M
0»m ?«k
4.
4.
4.
4 SI 4 SI 4«0
4«1 4«1 4«0
<S1 <fll 440
4« 600 4 61
601 60* 600
6M 601 603
6oe 60T SOS
608 60S 607
610
611 •
Jaly-AUK...
Aug.-Sept..
NoT.-Deo... 46»
Dea-Jan.... 450
Jan..reb... 4 SI
reb.-Meh... 4«3
M
U
....
....
....
....
...
..
.•*•
.-..
«•*
•
**
..*.
....
••*
,,..
•
{j
Taea., NaT. »!.
Om*
Bl«k
--
4.
4.
4.
*.
4«
60S
603
601
606
SOB
610
613
Low. OlM.
480 ISO
4ea 46»
4«0 468 4«0
4SS 4 SI 4S8
600 ««3 600
Mcb.-AprU. 60* 60t 60* 60*
April-May.. •
60t SOi 60t
May-Jons.. to« 8 07 60S 607
Jane-July.. 60» 6W 6W SOS
Novambar..
'il.
400
4 0}
40*
601
601 601
604 SOS
• Ot • OS
60S • 06
600 608
611 610
OlSik
4.
• Ot
• 04
• 04
• «•
• oo
6U
SO*
SOJ
6a«
610
Bt6
617 IIS 617
•
....
....
....
....
e***
....
....
....
»U
6 1i
• IS
• !•
•
u
u
• IB
.
:
.
.
THE CHRONICLE.
906
Fr1., N ov,
LV.
[Vol.
Large and small buyers have operated with much
many orders have been placed without definite
Clot. Open Bigt, Low. OTo«. Op«n Bigh Low. OIoj
stipulations as to date of delivery, buyers preferring to take
d.
d.
d.
d.
d.
d.
d.
d.
i.
goods whenever agents are ready to deliver them, even if that
510 613 310 613 517 6 17 6 12 6 18
5 00
be several months off, rather than remain uacjvt-red.
Bo h
61'!
6 17 617 5 12
5 00 5 09 6 13 6 09 513
618 518 512 5 13 Northern and Southern manufacturers are working to the
5 09 513 6 09 613
5 00
5 20 6 21 515 616
6 09 616 5 09 518
5 02
full extent of production, and yet in the aggregate have their
511 618 611 518 5 23 5 23 5 20 6 21
5 06
looms still more heavily engaged ahead thin a week ai,'o.
6
18
5
21
6 21
6 25 5 26 5 20
613 6 21
5 07
Many of the leading mills are fuUy covered for from four to
510 616 6 28 6 13 628 528 5 28 5 23 5 23
six months to come.
In a recent report it was stated that
512 5)8 6 28 5 18 6 26 5 30 5 81 5 25 6 26
there
was a spirit of speculation at the back of much of the
515 5 21 528 621 528 6 33 6 33 528 5 28
buying going on.
At that time neither agents nor buyerst
....
themselves would admit it but now there is no attempt to*
....
....
....
•**'
Wed., > ov. 13.
Thnra., Not. 24.
y
•5.
prices.
freedom, and
Open Sigh Low.
d.
d.
d.
6 02
5 02
5 00
5 02
6 02
5 02
6 00
5 00
KoT.-Deo...
Dec-Jan...
5 0i
J»n.-Feb
Feb.-Mch.. 6 06
Mch.- April. 6 00
April-May.. 511
May- June.. 613
June-July.. 616
Joly-Aug... ....
Aug.-Sept.. • •*.
.
5 02
6 07
5 02
6 01
6 03
6 07
5 01
611 6 09
511 5 12
516 bn
;
conceal tbe
BREADSTUFF S.
FEiaAT, November 25, 1892.
In the market for flour the changes have been few. The
demand has been slow, and prices, syrapathizmg with an
easier market for wheat, have been weak, and occasionally
slight reductions have been made. Corn meal has been quiet,
but prices remain the same and steady. To-day the market
for flour was firm but quiet. Corn meal was quiet and unchanged.
The speculation in wheat has been dull, and i rices have
declined. The crop movement has continued free, although
receipts do not show quite as large a total as a year ago;
foreign advices have been dull; the visible supply continues to
increase, and advices from the Northwest stated that grain
men had increased their (stimate of the crop in the Dakotas
and Nebraska 30 per cent. In the spot market the demand
has been quiet, and prices have weakened a trifle. Wednesday the sales included No. 3 hard winter at Sjc. under December dehvered. To-day the market was moderately active and
higher on buying by shorts to cover contracts, stimulated by
liberal clearances from the Atlantic Coast atd steadier foreign
advices. The spot market was firm but quiet. Sales included
No. 2 hard winter at December price delivered.
DAILT OLOSIHO PKIOBS OF NO. 2 BED WINTEB WBBAT.
Hon.
Tues.
Wed.
TAura.
77
76i«
>.
77
iS'a
76^8
7678
7838
75^
77ia
79'8
82'8
84"9
76%
77%
o
78=8
81»8
»3'8
Sat.
November delivery
December deUvery
January delivery
MarchdeUvery
May
delivery
o.
o.
c.
o.
o.
81^
84'4
8m
83^
76'4
7778
SO'a
83Ja
Indian corn futures have been quiet and values have weak
ened to a moderate extent under continued selling by the
West and
prospects of an early movement of the new crop, in
consequence of the recently favorable weather for placing it
in a marketable condition. The spot market has been fairly
active as shippers continue to buy moderately, and on Wednesday the sales ^included No. 3 mixed at 50ig@50%c. in elvator
and 50i^c and 505^c. delivered; also yellow at 51c. in
elevator. To-day the market was stronger, prices scoring a
moderate advance, owing to small receipts and firm foreign
advices. The spot market was firm and the sales included
No. 8 mixed at oO^c. in elevator and 51 J^c. delivered; also
yellow at 535.|c. delivered.
DAILT OLOSINQ PBI0B8 OF NO. 2 HDCBD OOBN.
Sal.
Man. Tues.
Wed.
Thuri.
f^.
50i«
November delivery
50 14
5018
4934
o. 50ia
>.
December deUvery
51
c.
5014
50%
501s
507f
January deUvery
o.
Si's
bl^
5l>4
5l>e
51%
May delivery
»
e.
53
5278
5311
53
52%
Oats have not attracted much attention and the market has
declined slightly, mainly in sympathy with the weakness in
wheat and corn. To-day the market was higher on moderate
buying by shorts to cover contracts.
DAILT CLOSING PKI0E8 OF NO. 2 MIXED OATS.
Sat.
Hon.
Tties.
Wed.
Fn
Thur$.
„
,
fact that the future is being heavily discounted by the current demand, and that speculative purchase*
are a prominent feature in the market. It is so long since
this could be written of any branch of cotton manufacturing
that there is some excuse for the slowness of the trade to
recognize it. The market has moved so rapidly that it has
left the majority of exporters quite behind, and shipments to
foreign ports for the rest of the year are likely to be of an unimportant character. Outside of cotton goods the market
continues without new feature.
Business in woolen and
worsted fabrics is quiet in dress goods and dull in men's- wear
woolens. Silk fabrics are in fair request, with the advance
previously reported well sustained in all staple lines. There
has been rattier more trade passing in jobbing circles, for
which cotton goods have been mainly responsible, although
the holiday yesterday exercised a restrictive influence.
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending November 33 were 3,473
packages, valued at $157,933, their destination being to the
points specified in the table below:
New York
1892.
to Nov.
Weeh. Shiee Jan.
Great Britain
Other European
............
152
15
60
India
A.rabla..
A.frica
,,
.................
tVest Indies
Mexico
.
1891.
22.
.. . .......
............
Central America.
Total
China, via Vancouver
Total
28
l,17d
49
77
833
78
5,432
1,607
70,032
5,880
] 3,750
7,075
15,693
3,127
5,771
43,814
2,643
1.
Week. Since Jan.
203
14
4,280
1,459
4,023
112,227
490
9,131
12,388
4,740
12,778
3,634
7,908
32,891
2,509
"16
288
167
42
1,070
101
2,473
175,024
18,120
6,414
203,945
23,301
2,473
193,144
6,414
227,246
From New England mill points direct.
The value of the New York exports since January
1
I,
have
"reea 19,036,154 in 1893 against $10,677,639 in 1891.
In staple cottons all makes and varieties have been in active
request. For brown sheetings the demand has ranged from
the heaviest to lightest styles, buyers showing a catholicity of
choice not seen for a very long time past. Bleached shirtings
were practically sold just as agents choose with regard to
time of delivery, and cambric muslins and wide sheetings
were in similar condition. Kid-finished cambrics, silesias and
dyed cottons were in free reques:, and all colored csttons, such
as denims, ticks, cheviots, plaids, etc., were still further heavily put under order. The demand has come from all branches
of the home trade converters, cutters and other manufacturers and jobbers actively competing with each other. The
advances reported during the week mark a still higher level
touched by certain lines of brown, bleached ani colored cotPrinted fabrics are quiet yet
tons, with others following.
pending the spring opening, but the tilk of a higher range of
prices is more general, and even ginghams and woven styles
show a tendency to respond to the strength of their surround35i«
November delivery
35is
o.
3558
35'«
353j
>;
ings. Print cloths advanced to 3J^c. for 64 squares early in the
D^'CembHr deUvery
36>8
a
o.
36>8
36
35%
36
go still
January deUvery
3/38
?
o.
3738
3714
37
37>4 week, but with no sellers thereat buyers have had to
May deUvery
0. 4C34
W
40^8
40%
iO^
higher, business at the close of the week being done at 4c. per
41
Rye has continued dull and prices have declined a trifle. yard with further bids reported thereat.
Barley has been moderately active at full prices.
Domestic Woolens.— There has been little visible sign of
The following are closing quotations
business in this department beyond forwardings on account of
back orders as far as woolen and worsted trouserings and suitFLOUB.
nne
9 bbl. $1 70«$2 00 Patent, winter....... $3 85»$4 25 ings are concerned. Some of the more dis'ant buyers attracted to
Bnperflne
1 803 2 15 City mills extras
4 10 » 4 20 the market by the situation of cotton goods have been favored
Extra, No. 2
1 95« 2 25 Ryeflour.superHne.. 3 15« 3 40
with a view of advance samples for the rapidly approaching
Extra, No. 1
2 253 3 00 ^*^e....
« ... heavy-weight season, but it has not transpired that any busiClears
2 859 3 35 Com meal—
BtralghtB
ness of importance has resulte i. The dupli ating demand on
3 40a 4 20
We8tem,Ao
2 80 1^ 2 9
Patent, spring
420» 4 55
Brandywlne
^
3 00
spring weights is slow throughout. In rough-faced overcoat[Wheat flour in sacks seUs at prices below tbose for barrels.]
ings there has been a moderate business doing, but miny buyOBAIN.
ers are awaiting the opening of the finest lines within the
Wheat—
0.
0.
Com, per bosh.next week or two before committing themselves. CJoakings
Bpring. nerbusb... 70 • 85
Weat'n mixed
47 • 53
satinets and
Bed winter No 2.. 76%» 78
Steamer No 2
9 ... are in fair request. Low- grade goods, such as flannels were
Bed winter
67 •* 81
Western yellow ..
doeskin jeans, remain featureless. Blankets and
48 9 84
Wblte
70 » 80
Western white
43 -a 53
Thedemmdfor dress goods
in average seasonable demand.
OitB— Mixed.. ?l bn. 35%® 37i« Bye—
is quiet throughout.
White
38 a 46
Western, per bush. 54 « 58
No. 2 mixed
35%a 36%
State and Jersey.. 54 « 53
Foreign Dey Goods.— There has been' a good business
No. 2 white
41 a 42
Barley— No.2West'n. 78 a go
trade, but buyers
For other tables usually clvcn here see panes 8S3 ifc 1SS4 passing in specialties suitable for holiday seasonable lines.
have not taken much interest in other
Prices are steady for staples, but strictly seasonable goods are
Imports
irregular, with frequent liberal cu^s in price.
for spring trade are arriving rather freely, and forwardnga
New York, Friday, P. M., November 25, 1892.
importers wel
The market for all lines of staple cottons has been active of these against previous orders have kept
employed.
during the past week, with a very strong tone and advancing
^r For table asoally civen here ase pace 8S3.
W
THE DRY GOODS TRADE.
—
1
:
November
:
.
THE CHRONICLE.
26, 1892.]
8tat£ aud City DtfAfiTM^i^T.
TERMS OF SUBSCRIPTION.
Commercial and FInniiclnl CIIROXICLE
40
tains
to
ISO
teina
61
nnd
StHto
con-
Supplement
CHRONICLE
of
con-
Supplement
of
CHRONICLE
psBdia of Railroad Securities) contains
160
(a Cyclopages published
•Tery other month.
Subscription to
Mr.
;
John
TI-Ttry
U.iniMlt,
London, and Mr. K-lwsrd .J.
the Uoiulhuldcrs' Committee. Any v^
shall
bo
sion
filled by the ptrty appolrj
We
upon referring
find
np.viint^l
I'Ii"I|m,
by
th»
nppoinu^l by
I
to the Ciiuuni'I.e of
i>>ni misly,"
Norem-
purpojo of presenting to the
security holders tho basis of settlement as clearly
m
an illustration was given of whitt might bo
possible,
pagos published several times eacli year.
InvcNlori'
Iiondon
Advi'<erH in
ber 28 1891 that for tho
pages published every week,
City
in
b07
considered a fair distribution
to
the several clasMt,
based upon the average price of the defaulted securi-
a series of years.
In our issue of November 28 1891 the distributioa
ties for
CHRONICLE
which includes every
for one yeas
issue of both
f 1 0.00,
Scpplementb.
was estimated as follows, viz.: 1st olass, 70 per cent of
2d class, 80 per cent ; 3d class, 75 per
The purpose of this State and City Department
cent
'4th class, 45 per cent.
With the actual figparcs
is to furnish our subscribers with a weekly addition to and
result would be
the
exchange
before
us
the
folof
continuation of the State and City Supplement. In other
new bonds
;
;
m
new facts we rhall give, the amplifications lows, VIZ.
Cartifleales of Deposit
and corrections we shall publish and the municipal laws we
?j«t Class, »I,287.535 52 at 70
hall analyze in the " State and City Department," we expect Second "
12,008,930 14 at 80.
"
Third
5,106,400 00 at 7ft
to bring down weekly the inrormation contained in the Fourth "
4,173.178 90 8145
words, with the
Xne Bonds •
,
State and City Supplement to as near the current date as
possible.
Hence if every Subscriber will note in his Supplement on the page designated at the head of each item a
reference to the page where the item in the Chroniole can
be found, he will at all times possess a complete and fresh
•001,274.90
9.607,15133
3.S97,30000'
1.877,03056
$16,283,696 73
$22,666,053 65
an amount for farther distribution, which
76,203 27
might be added to the Fourth Cla«8
Total.
Leavlni;
.
$16,389,860 00
New bonds
The above figures prove that the proportion as estioyclopsedia of information respecting Municipal Debts,
mated in our issue of November 28 1891 would more
than hold out, and as again^t the 3J per cent piyable
VIRGINIA STATE DEBT.
by depositors on the delivery of the new securities
Holders of the old obligations of the State of Virginia there would on January 1 1892 be 3 psr cent accrued
have shown some impatience at the seeming delay in on the new bonds, which bear interest from July 1 1891
at 2 per cent per annum.
apportioning and issuing the new securities.
It is probable that the new engraved bonds may not be
We are advised that the Central Trust Company of
New York on behalf of the Bondholders' Committee has ready for delivery much before the middle of Janaaiy.
Burrended to the State all the old securities and has re- We understand that they are being engraved to comply
ceived the manuscript bond (3 per cent for 10 years, 3 with the requirements of the New York Stock Exchange
per cent for 90 years) as provided in the act of Febru- as rapidly as possible, but they have to be signed by twe
officers of the State. In the meantime the matter of the
ary 20 1892.
The certificates outstanding of the several depositaries Royall attachment and the alleged interest of the Corporation of Council of Foreign Bondholders in the secuare as follows
First Class.
The principal matrities attached may be determined.
$664,997 92
Principal (July 1890 and subseqaent coupons)
622,537 60 ter is the apportionment of the new securities which
Interest
Sefond Class,
12,006,960 36
Princinal
Third
Interest
positaries,
4,175,157 77
able as the
22,666,033 65
this
amount
Is
added interest on principal to July 1
1,443,213 71
1891
The new bond bas been Issued for the sum of
One of the principal causes of the
mating the transaction was the
24,109,2«7 36
16,359,860 00
delay in consum-
suit of
the
Mr. AV. L.
Council of
proper value to the certificates of the delatter should then become as market-
and the
5,196,400 00
Fovrlh Class.
To
will give the
<:•(«.>».
Principal (July 1890 oonpoo)
new bond.
SOUTH CAROLINA FINANCES-FROM GOVERNOR
TILLMANS MESSAGE.
Governor Tillman of South Carolina sent his annual message
Assembly of that State on November 23, and
we give below such portions of the message as refer directly
to the General
to the State's finances.
THE TREAStJKY.
Notwithitinding the reduction in the tax levy by the precedForeign Bondholders of London, England.
ing Lexislature and a further falling off in the phosphate royMr. Royall was the Counsel of the "Corporation" in a'ty, all claims again-st the State of every character have been
met, and there is a small cash balance to the credit of
Virginia, and commenced suit to recover a claim for promptly
the general fund. The following tables from ihe report of the
services rendered, and attached an alleged interest of State Treasurer will indicate clearly the conJition of our
the "Corporation" in the securities which were about to finances:
Eoyall against
the Corporation
of
lAbstr<Kl.\
be surrendered to the State through the Planters'
National Bank of Richmond.
The Bondholders' Committee has provided indemnity
for the Planters' Bank, and the Central Trust Com-
CASH LIABILITIES OCTOBEB 31 1892.
Interest due
Int<^rest
and not called (or....^
Jauuar}- 1 1890
from
commission
Direct tax fund
Morrill fund
Bal«neea approprlallona unpaid,
pany has been enabled to make
old bonds for the new bond, but it will probably hold
this bond or the engraved bonds to be substituted there- Unpaid aooounU
the exchange of the
Oeueral account
SlukliiK funk commission
PrlvUcce tax on fertilisers
securities deposited.
Department a«:rlculinre
Bedamption deOolenoles
Proposition of
November 28
1890,
clause third, provides as follows, viz.
"The
distribution of the
new
fecurities
among
the deposit-
ing creditors shall be adjusted by a Commission to consist of
Mr. S. N. Braithewaite, appointed by the Virginia Committee
July
1
$177,880 7>
1992 on
einklnit fund
This will not
for until the determination of the suit.
prevent the Commission of Distribution from apportioning the new bonds among the several classes of
The Plan and
to
*26S,2'^x l.'>; Browu consols liable to be Issued for valid
principal of and liitere'<t on old bonds not yet oonsoHdated; nilaiice of appropriation therefor. $83,572 78;
not speclllcally appropriated, $112,643 S3
ToUloasb
_ _ ...
*2i'21?l}
^X'25i5i
22'SSI?
5S'22SS?
^•SSxSs
8.808 08
uy
October 31, 1892
CASH ASSCra OCTOBBB 31 1802.
liabilities
—
•
#031,389>1
'22 o5i S?
"""ISixJ
?^?i
,
Eaohealedeatates (caab)
Downer fund
Direct tax fmnd
MorrUlfund
Cl«m»ou bequestoaah aocoont
Total ca-h asteU OotoberSl 1803
Ket cash UablUtj November 1 l«»9
'iiS25
. JSSSZ
*'mSS
•^SSStSI
SS'SSitM
'S'SSo
s./nsvo
.
$301.740 90
$419.64101
S
—
THE CHRONICLE
908
TOTAL UABILITIB8 NOVEMBER
Cash
1,
Contingent funds, stationery and stamps, executive
1892.
Salaries
.f ?nVfiro ?!
HoU^Vw
^T^^'^fl aa
Green consols, face value
Blue 419 per cents
Brown
4 per cents
Agricultural CoUege scrip
Betlciencv stock outstanding
Bonds and stock (priuelpal with interest to 1st January
1380), $552,584 45, fuudable at 50 per cent in brown
consols bearing Interest from let January, 1880, less
estimated invalidity, etc
icss invalidity in tlie green consols
Total Uabilities
November
assets
1
1
On
*S2'So? 29
loi
Total
?oa'oTF bo
cizo,zio
EBVENtTE AND RECEIPTS FOE YEAK ENDING OCTOBER 31 1892.
$ 743,859 89
Taxes for 1890,1891 and back taxes
152,28(5 40
Phospliate rovalty
36,108 98
Privilege tax on fertilizers
B,500 00
fiinking f imd commlsMouers
7,83''
86
1,400 34
5,650 00
19,149 45
Direct tax fund received from United States Government
Morrill fimd received from United Stales Government...
Other sources
221,711 26
66,000 00
1,662 26
$1,262,172 44
64,615 02
'^Total
Balance cash Oetober 81 1891
$1,326,787 46
Total
$1,826,787 46
a large increase in the aggregate receipts for the
fiscal year ending Oct. 31, by reason of the money paid into
the treasury by the United States Government on behalf of
the direct tax claimants and the Morrill fund. This fund,
coming from the same source, belong.-* to our two agricultural
colleges at Orang.i'our^ and Fort Hill, and the two constitute
the bulk of the cash balance on hand. I would direct your
attention also to the item of S177,880 for pasf-due interest,
which may be called for at any moment. It is altogether
Erobable, and in fact almost certain, that this iaterest will
ave to be met during the coming year by reason of the refunding of the State debt. I call your attention to the matter
because it will be necessary to make some provision therefor.
We have been running the Government for tlie last few years
on an exceedingly narrow margin— too narrow for safety, and
it will be risking a great deal to continue in that line.
In regard to the refunding of the debt, which falls due next July,
nothing has been done under the present act, which allows
the old bonds to be exchanged for new bonds bearing 4 per
cent interc'st. Negotiations are now pending looking to an
adjustment of the debt, and I hope to be able to present during the next week a scheme which will meet your approval,
There
[Abstract.]
Bailro.ad asso-smcut for railroad commissioners
Feesof office of Secretary of State
Insurance license fees
Special funds
EXPENDITURES FOB YEAH ENDING OCTOBER 31 1892.
$42,538 19
31,f36 88
Baud expenses
197.855
45,351
61,528
649
357,039
Clemson Agricultural College
Eefund taxes
Department
year increas-ed the assessments of the railroads from |17,905,014 to §36,065,890. This increase his been resisted by the
roads, and suits are now pending in the United States Court
The cases
t<:i enforce the collection of this
increase of taxes
will be heard in January, and if, as we confile.itly expect,
the justice of the State's action shall be sustained, there will
be a sum amounting to about |85,000 going to in rease the
money in the Treasury.
last
13
74
92
00
37
8,3SS 61
Maintaining mililla 1890-91 and 1891-92
Eedemptlon Brown cousols expenses
Direct tax claims, Act 1884
Direct tax fund, iucludiug a warrant refunded
20,000
818
5,680
162,280
12
of agriculture
NEW
00
05
59
99
$600,000
THE REPORT OF THE COMPTROLLER-GENERAL
total valuation of the property of the Stite to be
$168,871,327, a very slight increase over last year and con-
shows the
28
NEW
LOANS.
is
THE STATE RAILROAD BOARD OF EQUALIZATION
Legislative expenses
Public printing
Educational, cliarltable, penal and sanitary institutions
Pensions
Sinking fimd commission warrants
Interest on public debt and expenses
;
NEW
LOANS.
First
FOR SALE.
MILWA UKEE
LISTS
Alember* oi the
DUE
J>iirt
and
this lasvLQ
offer
COMMERCIAl. PAPER.
any
Lamprecht Bros.
11 TV A LI. ST.,
Price and tuli particalars on appilcation.
5^ per cent.
38
S
&
Harris
15
Co.,
NEW LOAN.
BOSTON.
$75,000
-t,
18!t2.
irom l»t93
Real valuation. .17,000,000
Ass'd valuation.
I
Due
1
difierent dates
to 191^.
Total debt
Population
2,712.411
limit
Laws of Peunsylvama
Assessed valuation.
Price to net 4
Price and Particulars on application.
PENN.,
CENT SCHOOL BONDS.
PEIt
Oated May
FARSON, LEACH & CO.,
6,603
debt to 2 per cent of
Send for full list
13 Dearborn Street.
1
3-8 Per Cent.
WHITE &
7a and »4 Broadwar, New
W.
CO.,
Yorli,
of Investment Bonds.
'.«
Hayes
J.
Dealers
Wall
&
BANKERS,
in
Street.
r
BONDS.
MUNICIPAL BONDS.
43 s-pertj^^Sj^^j
Exoliance PJa"^
10
4H and Ss
City of C'1eveIniwl,Ohio
oa
I'ity ol'Spriuufirlil, Ohio. Scbiiol
fis
City oi superior, WiNcuiiNiii
4s
Ci y oT Indianiipulis, Indiana
Sm
City olFort Wuyiie, Judlaua
6fl
City of fiialiou, Ohio
City of Newnrn. Ohio
6i
City ol 1,'richHvillo, <Miio
a*
City of WellHlon, Ohio
.4*
ViilnM:*- ori*lHii-t>iir;rt Nevr Vork
os
Cityol AHhtabiilii, <Hiio
ity of rSoulb lii-ooklyii* Ohio
v'S"
CUy ol l*ortTo\viiMeud,\VaMhinKton,liold.08
OS
City of Coltax, W'aahiiistoiu («o1d
QS
City of i.<ti(«i'aiide, (Ireuon, Gold
('ily of >ebruMlin, \i'bru!«Ua
City of Weaiherloi'd. Texas,
—
I
!>«ioux City, ••outh Dakota
^^ablr, lYlicblsau
Cily of
'rrt-iiioiitf Klliioirt, fi^cbool
Au
Gaiin, Ohio, Schoo'
Cliy o( Ilartlord, Indiana
l^ncaH t imiiiy. Ohio
rtlilwauUee ('ouiiiy, WlHconsIn
Inrahall Comuy, ludi -na
7b
v*
OS
.-OS
4?]|»
«•
5«
Otiuniwa.
PRICKS AND PARTICULARS ON APPLICATION,
Bros. & Co.,
WALL STREET, Lamprecht
ST., NEW ¥ORK.
WALL
11
NEW YORK.
i
Cable Address.
^-
IHeagber Couuty, Montana. Gold -•Vj'**
Sons, New
Haven, Conn,, Street Uallway.Goid.as
Iowa, Wlreet Railway, Gola....os
street Railway Bonds and other high grade Inrsstments
.
THE WALL STREET JOURNAL.
An luvaloable flnandal daUr *6 « rear. Sample «opv
freo. DOW J0NB8 4 CO., hbUiherf, « Br<Mi5 It.
NEW YORK,
CHICAGO,
(32 50o
fURTHKR PARTICULARS ON APPLICATION.
C. H.
BOSTON.
$
City of Sandusky, Ohio,
DOCK IMPROYEMENT 5s.
$30,000
6
STATE STREET, BOSTON.
WALL STREET, NEW YORK.
NEW BRIGHTON,
Co.,
NEXT YORK.
CliEVEIiAND.
NASSAU STREET, NEMT TORK.
BANKERS.
-CBICAGO.
Co.,
&
Bonds
SEND FOR BOND LIST.
N. W.
&
Blake Brothers
large line of other choice
nettlog from i per cent to
1912.
FOR PARTICULARS ADDRESS,
subject to prior sale.
We have also a
RY.,
DEALERS IN
Averace Time Ten Years.
WebaveJUBt purchased
CONN.,
ELEOTRIO STREET
New Yorit and Boston Stocit
Exchanffes.
DATED JULY 1. ISSit.
DUE Itf SERIES.
Mortgage Gold 5s
NEW HAVEN,
ON APPLICATION
5s.
PAYABLE JANUARY AND JULY.
LOANS.
$350,000
INVESTMENT BONDS
CITY OF
l:jTEREST
$1,125,038 56
201,748 94
Balance cash October 31 1892
'^i •'
$6,82t),247 01
1892
other accounts
Total
onAnA
l91'°V2So
^'^'V^W.lal
201, ,48 90
1892
Net Uabilities November
$6,671 23
149,767 12
44,920 46
officers
Uabillties
Brown consols
Cash
[Vol. LV.
-KBHNBTH."
CLBVEL4NI>.
BaSTOIf.
:
.
NOTEMBKR26,
THE CHRONICLE.
1802.]
siJering the depressed condition of our agricultural intcreit*,
and tho low price of our staple crop, this is a satisfactory
sliowinK. Tlie I'fTurts of the ComiitroUtr to havp prupprty in
the Stato listed and assessed in accordaiico with the laws have
been largely frustrated by the action of our courts, and I will
Home amendcall attention to this uiatter in another pliico.
ments to the statutes in regard to the assessments and levying of
taxes are needed, and 8t>me declaratory statutes are HuggesteU
by the Altorney-Glemral -which 1 hope your honorable bodies
will consider favorably.
The following table shows the assesement for taxation during the last sixteen years since the white people have been in
control
TOTAL TAXABLB PBOPERTT Or SOCTH OABOLINA.
$149,727,600
$135,856,009 1884-1885
1876-1877
144,301,184
135,284,046 188&-188e
18771878
1886-1887
141,070,317
129,314,737
1878-1879
141,986,154
123,019,000 1887-18S8
1879-1880
145.420.016
129.519,825 18S81889
1880-18H1
150.602,4.^1
136,487.302 1880-1890
1881-1SS2
1890-1891
168,262,669
14r), 142,292
1SX-' 1SS3
168,871,227
150,009,301 1891-1892
1883-1SS4
It is not a good showing, and indicates that we are a very
improvident and non-progressive peeple, or else that there is
a large amount of property which escapes taxation or is undervalued for taxation. Our sister State of Georgia, during
the same period, with a like climate and like soil, and no
greater natural advantages, shows an increase of assessed
values of $228,000,000. It was $23.5,000,000 in 1877 and is now
No sane man will claim that the average South
$463,OC'0,000.
Carolina county is not as prosperous as the average CJeorgia
county, and that there has not been a like increase of wealth
on this side of the Savannah River. The explanation is not
have a Constitutional tax of two mills for
far to seek.
school purposes, and, while our free schools are not supported
as liberally as they should be, the disinclination of the people
to increase the free school fund, under present conditions, has
kept property. at a valuation of about one-half its selling price.
The property of the State, if assessed according to law, would
approximate $300,000,000. This would double the school fund
while it would reduce the tax levy for the State from about 5
mills to 2^ mills.
Lewis
FOB INVESTORS
IFOR 8AI.B BY
Alexandria, Va.— (State and City StrppLmtjrr, pain 147,
vol. W, page I5'1.)-It ha* been reported thu
Alexandria street and sewer bondi to the amount of $100,000
and CuRONicLE
would soon Iw
issued, hut City Audit'jr E. F. Pric« now writ**
us that probably nothing definite will be done in th« matter
during the next twelve months.
Cambridgre, Hasg.— (Statk and Citt SuppLKmnr, page
23.)-On November 23 nine bids were received for |11S,000 of
Cambridge city bonds, described as follow*
FISHER & SHAW,
mTESTMEKT BANKERS,
4 Sontb Calvert Street,
BALTimORE, MABYIiAND.
Hamt,
Dal*.
Water loans.. ..Nov. 1, 1893
PavluK loan. ...Nov. 1, ISM
Sohool loan
Nov. 1, 1893
FAIRHAVEN,
BELlilNGHAM BAY,
FUTURE METB0P0IJ8 OF PUQKT SOUND
be the great ManafaetnrliiK and Commercial Center because It baa
dmUued to
The Largest and Safest Harbor on the Padffo Coast.
The Qreatest Area of adjacent Agrlonltaral Land.
The most Magniflcent Forests of Timber In the world
The finest Natural Town Site and Water Front
Immense Veins of the Best Coal in the West which
prodnoe* a coke eqoal to Pennsylrania. Iron, SlWeresd, Oold and other ores. Extensive Quarries of
e Sandstone for balldlng purpose*. Valoable InormaUon can be had of
THE FAIRHAVEN LAND COMFANT.
FAIRHAVEN,
WASHINGTON.
Lamprecht
Bros.
BANKERS,
& Co.,
Clevelamd, OIUo, Perrr-Parne B'ld'g
Boston, nia**., HI State Street.
New York,
1 1
WaU
Street.
CoatesTlIle,
Dammer
Township, Ford Conntr, 111.— Bonds of Dummer
amount of $61,000 have recently been issued.
per cent interest and replace an equal amount of
old 6 per cent securities. This township includes the town of
Gibson City, and its population in 1890 was 2,997.
Dabnqae, Iowa.—(State and City Supplement, page 107.)
City Treasurer Lawrence Qonner writes us that the proposi-
Township
They bear
»0
^p* For contlnaatlon of proposal*
U0TCHKI8S,
GEO. H.
FOURTH ATE., PITTSBURG, PA.
INYESTMENT BANKER.
HIOH-ORADE LOANS KFTBCTED.
nealerln
6% INVESTMENTS 6%
FIRST MORTG.VGE GOLD BONDS,
to
Appraiser
ot
connoN street,
NO. 103
NBW ORLEANS,
Hackett
&
LA.
HofF,
Mllwaokea Real
Morteaftea
state, beartns six and seren per cent Interest
always on hand. No charge to the Inreator for eolectlng Intereat or looking after taxes and Ore Insur.
noe' Absolut* ncnHty.
w, T.
and 10 Yean,
ATLANTIC TRUST CO., NBW YORK, TBUSTXB
AmoUDta SlOO to tliOOO.
A FBW CHOICN
uwm.
ntAiTK iLija.
Irwin, Ellis
3, T
FEB CENT FIRST MORTGAGES.
Write for Description.
Lombard Investment Co.
BROADWAY, NEW YORK.
G. R. Voss,
Commercial Paper,
Omaha, Nebraska.
Mortgage Loans
r. >.
BAiurAmi
& Ballmann,
Stock, Bond and Not* Brokert,
NO.
91
WEST
THIRD
STREET.
CINCINNATI. OHIO.
Davenport
&
Co.,
BANKERS ANB BBOKBBS,
RICIIHOMD, TIRGIAIA.
XVTABLUHXD, IWO.
Correspondence solicited and Information furnished about Southern State, Municipal and Railroad InTeetjnent Seonrttles.
New York Rafaranca-CaAS. M. FRY, Esq.. Preatdent Bank of New York, N. B. A.
8TABLUHID
feonrltlea,
BANK BUILOINO,
185S.
tlugrene R. Cole,
STATIONEH AND PRINTER.
•appllee Banks. Bankers, Stock Broken and Oor.
poratlons with complete outflta of Account Books
and Stationary.
tlf New ooncems orianlalnc will hare thatr
ardar* promptly ezecnteo.
No.
1
WIL.UAH STREET.
HANOTER NUARB.)
NO COMMISSIONS charged borremr or lender an
loans hare proran good.
FRANCIS SMITH A
Lands.
Saathera Laad Talaea..
SlO.OUO.
GOLD DEBENTURE BONDS,
FIRST NATIONAL
Timber
Southern
REAL ESTATE AND INVESTMENTS,
96 inichlBan St., iTIIIn-aukce, WU.
LEWIS,
First
on ImproTed
President.
Amonnta 8300
next pac*<
W. H. Howcott,
Co.,
'^'""ture Bonds, secnred by deposit of First
Aet'g Secretary.
«•
MISCELLANEOUS.
CENT
TEXAS.
Carothers,
&
H. Wliite
Co., of New York, to refund
the bonded indebtedness of Dubuque to tho amount of about
IN
Jas.
.5
tion of Messrs. C.
OF
Dealt In by)
to the
—
phi.it.
toe
IVO.OOO
30,000
Pa.—(Statk and Citt Sopplxmxnt, pageM.)—
Mortgage Loans with an Eastern trustee. FtmiN
tsaks' succissrul bxpkriimos. sutd rob pam-
130
$40,00O
Mr. J. R. Van Ormer, City Treasurer, writes the Cbboniclh
that although investigations for a new water supply are being
made there has as yet been no proposition to issue bonds for
the purpose.
MUNICIPAL SECURITIES
PITTSBURG AND TICINITV
4
4
Nor. 1,1013
Nov. 1, 1003
Nov. 1,1903
loan at 10609, while 4 per cent 10-year street and building
bonds sold at the same time brought 108-20.
0iy
OIA pCD
r Cll PCMT
uCn I
7
WhtH Dtu.
MAN
MAN
MAN
4
The bonds were awarded to Brewster, Cobb Sc Bstabrook of
Boston at 108' IS and accrued interest.
Last May Cambridge marketed a per cent 20-year water
Bonds, Btoeks and Inreetm*
MUNICIPAL BONDS.
Sale.
Onaranteed First Mortgages on improred lands
n Iowa and Eastern Nebraska. Safe and Desirable.
A.
-PrinelpalAwtOUHt,
.
DES MOINES, IOWA.
W.
;
—
— [Hierat
PayabU,
UOANS-
Capital Paid Up.
fiso.ooo.
Choice Inveennenta In the most CeneerTB.
tlve Field In the West.
SIX PER
i*..
sale.
THE
Investment
CITY BONDS
:VeKoil«tloa».— We hars
oeived through the week the following notice* of boa<to
raoently negotiated and bonds oflerwl and to be off«f«d Co*
MISCELLANEOUS.
MISCELLANEOUS.
OTHER APPROYED SECURITIES
Bond rropoMli »nd
I
We
AND
909
WALSH A FLOYD,
Ne.
CO.,
SAN ANTONIO. TEXAS.
*» Bread
••ireel.
STOCK BROKERS,
AND DEALERS
IN
INYESTMENT BKDRITll
—
THE CHRONICJLE.
910
^750,000 has not yet been accepted by the
of that city.
Common
Council
DjersTille, Iowa.— Mayor D. A. Gehrig of Dyersville will
receive bids until December 10th for $9,000 of 6 per cent
bonds dated November 1 1892 and maturing November 1
Bonds are issued
1903. subject to call after November 1 1895.
by a unanimous vote of the Town Council of Dyersville, pursuant to an ordinance passed October 3 1893, for the purpose
of raising the money to build an engine house.
Frostburg, Md.- (State and City Supplement, page 74.)
Trostburg -will soon issue water bonds to the amount of $8,000.
"Works were built by this town two years ago and bonds to
the amoimt of |47,000, constituting the entire debt of the
place, have already been issued and sold.
Georgia. (State and City Supplement, page 180.)—
has been introduced in the Georgia Legislature authorizing the issuance of State funding bonds to the amount of
bill
.$868,000.
—
Hanover, Pa. On November 8 the citizens of Hanover
voted (443 to 360) in favor of issuing the $100,000 of d% per
cent twenty-year water-works bonds. The bonds will be in
denominations of $100 each, dated January 1 1893, and will
be exempt from taxation. As noted in the Chronicle of
October 8 $60,000 of this loan will be applied to the purchase
of the plant, pipes, material and franchises of the Hanover
Water Company, and the remaining $40,000, or so much
thereof as may be necessary, to the repair, enlargement and
extension of the plant and pipts, and the securing of a better
supply of water ft r public and private use.
Hagerstowu, Md.— (State and City Supplement, page 74.)
—City Treasurer John H. Middlekanff writes the Chronicle
that plans for a sewerage system have been approved by the
Mayor and Council and that a proposition with reference to
the same will be submitted to a vote of the people. It is probable, however, that no permanent debt will be incurred for the
improvement-'.
Fla.— (State and City Supplement, page
proposed to build a main sewer in Bay Street,
Jaclisonvllle,
163.)— It
is
Jamieson & Co.,
STOCKS-BONDS,
Chicago Stock Exchange.
DEARBORN STREET,
Chicago,
II U,
Private Wire to
Correspondence
solicited.
Bbiisi, Member New York Stock Exchange
D. M. CtTMHZNQS. Member Chicago Stock Exchange
J. B.
Breese
&
B«<rarltle» listed in
AJUTied
A. O.
WM.
Cummings,
BANKERS AND BROKERS,
AND 113 inONROE STREET,
CHICAGO
111
New York, Boiton
on oonserTative margins.
or Chicago
BLAUOHTER, Member N. Y. Stock Exehange
T. BAKER, Member Chicago Stock Exchange
A. O. Slaughter
Chronicle that bids will be received until November 38 for
$30,000 of Long Island City 4i^ per cent revenue bonds, dated
July 1 1893 and maturing July 1 1903. The securities will be
in pieces of $500 each, and the outstanding taxes and water
rents of the year 1890 are pledged as an additional security
for the payment of the principal and interest.
Los Angeles, Cal.—^tate and City Supplement, page
City Treasurer Freeman G. Teed writes us that the
$536,000 of water bonds which were authorized by popular
vote on November 8 will be offered fcr sale in the immediate
future. They will be issued as 5 per cent serial bonds, maturing at the J ate of one-twentieth each year.
The Los Angeles City Water Company has offered to sell its
189).
—
plant to the city for $3,591,000 and to take in payment therefor
If the proposition is entertained the details will be fixed hereafter.
bonds of the City of Los Angeles.
Lynn, Mass.— (State and City Supplement, page
Melrose, Mass.— (State and City Supplement, page 37.)—
Mr. John Larrabee, Totvn Clerk of Melrose, writes the
Chronicle that the local Board of Water Commissioners has
been authorized to expend $1,000 in making investigations
CHICAGO.
&
Trust
&
Co.,
BANKERS,
Ac
WASHINGTON STREET.
96
Capital, paid-up
S1,6U0,000
Undivided earnings. Including
3'j0,000
'.tOO.UOU
.
Ofiers Investors In real estate securities
protection alTorded by no other system of
doing business.
Is
anthorlzed by law to act as Registrar of Stocks
and Bonds. Executor, Receiver and Trustee for
Estates, Syndicates, ludividuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
Cbtoago Securities Bought and Sold.
Henry C. Hackney,
ST.,
CHICAGO.
INVESTMENT SECURITIES
BOUGHT AND
Member Chicago
SOLD,
&
Bro.
LOCAL BBCURITIBS A 8PBCLALTY.
«» WASHINGTON STREET, CHICAGO.
Correspondence Inrited.
OFFICERS:
John
J. Mitchell,
President.
John
B. Drake, Vice-President.
Wm. 11. Mitchell, Second Vice-President,
Wm.
James S Glbbs,
John McCaffery,
L. Z. Leiter,
Wm.
Wm.
H. Held, Third Vioe-Presidenl
B. M. Chattell, Ass't Cash'r
Cash'r.
DIRECTORS
John B.
Wm. 11.
Drake^
Rold,
H. Mitchell,
John J. Mitchell*
O. HIbbard,
J. C. McMulIin,
D. B..Shipman,
J. Ogden Armour*
Frederiok T. Haskell.
A. H.
ARCHIBALD
A.
Co.,
President.
SELLERS,
STEWART,
185
Vice-President.
Secretary.
CHAS. R. LARRABEE, Treasurer.
DIRECTORS:
Gwynn Oamett,
Chas. W. Drew.
W. D. Kerfoot,
John P. Wilson,
George C. Walker,
Edson Keith,
John G. Short^l,
Geo. M. Bogue.
John DeKoven,
:a. H. Sellers,
Samuel B. Chase,
DEARRORN
ST.,
CAPITAL, PAID UP,
-
CHICAGO.
$500,000
-
SURPLUS.
$50,000
i
W.
A.
O.
W.
Goody,
John
Green,
A. M. Pence,
P. Wilson,
&
Herman
Schaflher
Co.
RANKERS,
COMMERCIAL PAPER,
100 Wasblngton Street,
CHICAGO,
ELLSWORTH & JONES,
331 Chamber of Commerce
BIdg.,
dlTidends.
OtT
ot
Authorized by law to receive and execute
trusts of every character
and individuals.
A
Bidg., Chicago.
Falls, la.
Iowa
EstabUiihwl 1871.
from
courts, corporations
legal depository for oonrt
and
trust fundi.
INTEREST ALLOWED ON DEPOSITS Of money
Which
ILL..
safe
Hure. "^l years'
w^lthout the loss of a dollar. Interest and
principal net to lender* Bend for pamphlet*
Bank
in the
Takes entire charge of estates. Acts as
agent for the registration and transfer of bonds and
stocks and the payment of coupons. Interest and
may be made at any time and vrlthdrawn aft*
live days' notice, or at
IOWA
FARM LOANS
Are
and
experience
First Nat'l
NEGOTIATES GROUND RENTS
Chicago.
Stock Exchange.
C0BRK8P0NDKNCB SOLICITED.
Fred. G. Frank
This Bank is directly under the jurisdiction and
supervision of the 8tat« of Illinois, Is a LEGAL
DEPOSITORY for Court Moneys, and Is authorlied
to act as TRUSTEE, EXECUTOR, RKCEIVKH and
ASSIGNEE for ESTATES. INDIVIDUALS and
The Jennings Trust
OFFICERS:
GWYNN GARNBTT,
CHICAGO, ILLS.
DEARBORN
CAPITAL. AND SURPLUS, • 83.-^30,000
INTEREST ALLOWED ON DEPOSITS.
CORRESPONDENCE SOLICITED.
CODNSBL:
111-113 1.A SALIiE STREET,
lis
Trust & Savings
Bank.
CHICAGO, ILL.
Illinois
Company
OF CHICAGO,
9% 94
36.)
City Trea>-urer H. S. French writes us that Lynn his recently
sold $30,000 of 4 per cent sewer bonds maturing July 1 1913.
CORPORATIONS.
Special attention given to out-of-tovrn business.
Long Island City, N. Y.— (State and City Supplement,
page 49).— City Treasurer F. W. Bleckwena notiQes the
GUARANTEES TITLES TO REAL BSTATH.
PHILADELPHIA.
CO.,
works.
Jersey City, N. J.— (State and City Supplement, page 60.)
—City Clerk W. G. German writes us that a resolution to refund $300,000 of Jersey City's 6 per cent wa:er bonds which
fall due January 1 1893 has been passed by the Finince Committee and was approve! by the Mayor on November 33d
1893.
The new bonds will be registered or coupon, bear interest at the rate of 5 per cent and run for 3U years. Proposals will be advertised for in the immediate future.
surplus
Deposited with State Auditor.
LAB. W0RM8KR, NEW YORK.
FLOWER & CO., NEW YORK.
QLBNDINNING &
estimated to cost $40,000, for the construction of which bonds
will probably be issued. The Jacksonville Board of Trade has
adopted resolutions recommending the issuance of city bonds
to the amount of $750,000 for refunding the present debt and
making improvements in the sewerage system and water
Title Guarantee
Members New York Stock Exchange,
187-189
LVOL. LV.
CHICAGO.
CHICAGO.
B.
—
A
a fixed date.
TRUST FUNDS AND TRUST INVESTMHNTB
re kept separate and apart
from
tta* asset*
of the
Company.
J.
B.
WALSH, President.
CHAS. H. HULBUBD,
Vice-President.
FRANKLIN HATHBWAT, Secretary.
BAMUHL D. WARD, Treasurer
LTMAB A. WAUTOV, Oaik «
I
'
NOVBMBER
THE CHRONICLE.
26, 1893.
with regard to an additional water supply. The board will
niakt) a report on Deceiubor Otii and it is probablo that an
issue of bonds will be recommended.
Now York City.— (Statk and City Supplement, paije 50 >—
Comptroller Myers writes the CHEOSlcLt that the $350,000 of
adilitional Cro'on water stock and the $300,000 of aasenmeDt
Iwnds ncently au'liorized will all be taken by the Commissioners of the Sinking Fund. The securities will bear interest
at the rate of iS per cent per annum.
Mafrari) Falln, N. Y.— The proposition to issue securities for
the proceeds of which should be used for layini; new
water-mains was vote 1 down by the tax-payers of Niagara
Falls at an election held on November 15.
JSTi.OOO,
Oakland, Oregon.—The City Treasurer of Oakland writes
us that the city has appropriated $350 for the purp-ise of making investigations in regard to the establishment of waterworks. The matter has not yet, ho ^ever, assumed any
delliiitc
Bhapo, and no decision has been
made as to
the
expended or how the money will be raised
that will be
amount
to
meet
the expense.
San Louis Obispo, Califarnitt.— City Clerk S. A. Pollard
writes us that the City Board of Trustees has passed a preliminary {irdiiiance declaring the necessity of estiblishing
-water works and aulhorizinj the issuance of municipal bonds
of SliO.OOO for that purpose. An election will
probably be called at an early date to vote passage of this
measure. This city is situated in San Louis Obispo County,
and its present debt, valuation, etc., are reported as follows
by the City Clerk
to the
amount
:
T^en ^>««- Floating debt
Total debt 1892
Sbwkraoe avd Impbove's—
April,
2011 Tax valuation 1892
•68, Apr. !fl5,000
LOANS-
IntereHt paid in
The bonds
San Francisco.
oxompt from
aro
taxation.
Bonded debt 1892
Spokane,
$16,000
61,000
1,600,000
Assesamcnt about >a actual value.
Total tax (per $1,000)
$80-00
Populatiou In 1890 was
2,995
wat»r work«. The
,„, ih« pr.,iHi.iii.,n
stipulate! that such
ti,or with Ibu wkUr
.,
bonds at present oulslandiog, shall not exceed iU per oaot
of
the city's assenwd valuation.
The e.4timated ooet of the new worVs and i-nprovem^ts to
9601,101 S."!, and this amount, aooordinr to the detaiind stalement contained in the ordinanoo, iooliules 940,000 for slle
power and riparian rights; |:iH,Hl6 for main and wingiUm*!
967,000 for p.iwer house, tl irae* and hnnd-tf^m; 9146,998 for
reservoir, pumps and mains; 9813,888 35 for a distributias
system, and various smaller amounts for water ohamben,
turbine wheeU, stani-plpes, &c. To defray those pzp>n»e<i the
ordinance authorizes the issuance of warran*8 upon the fund,
to which the pro^eed.s of the wat»r-wi)rk« b<jn<ls already have
Wash,— (State and City Supplement, page
— On December 13 the citizens of
Spokane
CHICAGO.
.
be<
Tcxarkans, .\rk.— Mayor Arnold of Texarkana writes oi
that the plan of issuing municipal bo:ids for a se iverage system has been abandoned, for this year at least.
Wallingford, Conn.— (State and City SuppLExsirr, page
Tne people of this town have voted in favor of issahur
bonds to the amount of $8,000 for water works purposes.
—
89.)
West KnoxTillc, Tenn.—W. W. Morrison, Treasurer of
West Knoxville writes us that $75,000 of 5 per cent bridge and
sewer bonds, maturing Junp 1 1923 will sion be offered for
sale.
Interest on the loan will be payable in New York or
KnoxvUle as the purchaser may elect. This town ia situated
Knox County and is co-extensive with the civil district
No. 34. In the following financial statement the total bonded
debt includes the amount of the new issue
in
:
LOANS—
Wlicn Due.
Briooes and PewekJ*D. $75,000
1919
J&D. 75,000
June. 1922
Gg,
58.
Interest
l.s
payable in
JHO. H. BLiasiHa,
ST. LOUIS.
HIGH QRAOE
A resnlar Bunklnft
Commercial
MUNICIPAL BONDS
IDWABDS WHITAKIB.
paru of the
^lolM, Issued. TeleKraphlo Transfers made wttb all
srlndpal Bnropean and Domestic Points. United
«tat«s and other Brst-dass Investment Bonds dealt
C0BRB8P0NDBNCB 80LICITBD.
Whitaker
Superior Collection Facilities.
& Hodgman,
TO INVESTORS.
ST. EOVIS.
Chicago Co-operative
Geo. M. Huston & Co.
30ND AND STOCK DEALERS
We
bay and sell outriaht all Western
Bond* and Stooki.
cheerfully furnish full and reliable In-
We
Monlolpal
Aathorlzed Capital,
•
$1,000,000
Shares $100 Each.
7 Per Cent Gnaranteed.
MORTOAQES.
now
raiNNBAPOLIS, MINNESOTA.
Loans. Halety Deposit Vaalt
Aote as Eaecator, Trustee and Unardlan.
DKPOSITOItr FOR WILLS.
I.A
&
Straus,
BANKERS,
SALLE ST., CHICAGO
DIRECTORS.
General Banhlnc Bnslnee* Transacted.
fUSTMORTQAQB LOANS ON IMPROVED CITY
REAL ESTATE FOB SALE.
Members of the Chicago Stock Exchange.
Loeb
&
Samuel nui, Preetdantj Wm. B. Dnnwoody, First
Vice-President; U. F. Brown. Second Tlce-Presldent Daniel BasseU, Third Vice-President Clarkson
i.indley. Secretary and Trsaeorar; Isaac Atwatar.
It. W, Cannon. C. O. Uoodrloh. Jas. J. Hill, A. F.
Kelley. R. B. Langdon, A. II. IJnton. W. Q. Nortlinp,
Cbaa. A. PUlsbury and P. B. Winston.
;
Gatzert,
H. Wood
&
Co.,
INVESTMENT
li.^NKERS,
Oamranlee Loan Balldinc,
LA 8.iLLE STHEEr, CUICAGO.
Mort(cs«es for sale In large and small amounts.
_^'*
aettlnc Investors
HINNEAPOLIS, HUnV.,
5, bii and 8 per cent, secured by
improved and liicome.beartnc Chlcaco cltr property.
FrUclpal and laCereei payable
Qald.
Dealers In the highest class of MlnneapoUf Beeorl1 M, Bank Stocks, Mortgagt and Bonds,
U
COBhBSPONDENCE solioitid.
^
l¥ASlIi:VGTOII.
S-.iUO.OOO.
This Certlflcate has a coupon attaehed. which caa
be eut off when due. and preeented to any Bank for
payment, the same ss a New Tork Draft. A moel
convenient mode of Investing your surplus money.
Write for a copy of the Certlllcate.
BaiooxAN.Cash. Orattan H. Whcilib, Pretl
Merchants National Bank
TAOeniA, WASHINOTON.
(OLDEST BANK IN THE CITT.)
Interact Paid on
Capital
Time
Depotite.
farplaaaadUadiTlded Prella
»I3«,ttM
•!••,••«
Oerrespondaoce soUelted. Colleotkins a titttMtJ
.
;
S.
MORTGACiE BANKERS
laS
.
P. O. BOX 1,000.
Cable Address "Trgst" Mlnneapelle.
A
TACOMA,
A.
CAPITAL,, #500,000.
K.eal Estate
CREDIT available throughout the United Btatea
BILLS OF HXCHANaE on London,
DRAWS
Six Per Cent Coupon Certlllcate of Deposit, running
One or Two years, Intarest and Prlndpa] payable ai
the MerchanU' Exchange Nat. Bank, New rork CItf
CHICAGO.
INFORMATION UPON APPLICATION
CORRESPONDENCE INVITED.
138
}f
Liverpool. Dublin. Parts, Berlin, Frankfort-on-the.
Ifain, and all the principal citlesof Buropei also on
'long Kong.
COLLBCT IONS
jn all aoeesalble potnta.
PAID-UP CAPITAL
Minneapolis Trust Co.,
Cahn
Paid Capital
S^OOO.OIM
J.LOEWlfNBBRa.Prea. JA8. 8TEKL, VIee-Prea.
L A. MACRDM, Cashier.
SELLR SIGHT BXCHAMOE AND TNLI^>KAPHIC TRANSFBBS, and ISSUES LETTEBI
Commercial Bank,
MINNEAPOLIS.
offered
Bank,
MADE
•16, 017 and «1N Klalt* Bnlldlnc,
nHX
Merchants Nat'l
formation concerning anv Western security without charge. Monthly quotation circular mailed to all applicants.
New Issues of municipal bonds wanted.
«aCURBD BY CHICAGO REAL ESTATE FIRST 806 PINE STREET, ST. LOI7IS, MO.
of shares are
the offices of the Company,
Correspondence SoUctled
PORTLAND, OREGON.
300 Nortli Fourtb Street,
(INCOKPO RATED.)
I
CHABLIS HODOMAl
BOND AND STOCK BROKKRS,
Construction Co.,
Angus Mackintosh, Pres. Abram Barker, Tloe-Pree
Wm. T. Wlckware, Cashier.
Capital, S-JOO.OOO Snrplae, etc., •40,00f
Interest-bearing Certldcaiee ef Depeell.
I
A 8PBCIALTT.
Credits, available In all
A LIMITRD NUMBER
York.
PACIFIC COAST.
WESTERN SECURITIES AND
BuslnenTruuiictei]. AooonnU
Banks and Bankers, Mercantile and Manufactnrliis
^
rlrms or Corporations, reoefved on favorable terms,
tfor sale at
New
Total debt Jan. 1 , 1893. $150,000
Tax valuation 1892.... 1,.599,238
A.s.ses.sment about '-^ actual value.
Total tax (per $1.000)
$23-00
Population In 1890 was
2,11
&
$3,000,000
700,000
rorelsn &xcnam;e BouKht and Sold.
to bo est iblislwd
is
Gaylord, Blessing
Co., Merchants National Bank
OF SEATTLE, W.VSHINOTON.
BANKERS AND BROKERS,
UNITED STATES DEPOSITARY.
CHICAGO.
and Travelers'
When
the presen". funi is exh luited a
by the appropriation of 92,5)0
monthly from the earnings of the water-v«rork« system. The
warrants issued upon this new "water-works sinking fund"
are to bear interest at the rate of 6 p t cent per annum, payable semi-annually, and the warrants will be subject to call in
numerical order whenever the bilaoce to the credit of the
fund shall exceed the amount of 91,000.
SAM'I. A. GlATXOaD,
Pald-np Capital.
n appropriatwd.
new one
ST. LOUIS.
Union National Bank,
Sarplus,
i
i
$45,000
will vote on a
proposition to authorize the creation of indebtedness for new
144).
911
oouwroxonoi foucnao.
SAN FRANC ISCO.
The
OF
First
National Bank
S.4\ FRA>IC-|SCO,
...
...
CAL.
UNITED STATES DBPOOITABT.
CAPITAI.,
Sl.S**.***
•iCKPLCS.
»7a»,—%
4. 0. MUKPBT, PraaMent.
. D. MoasAS, OeabMt
lAHBa Morrm, T^Piea, O.W.Kuaa,A<ibaMk
CIKNBBAL BAMKIRQ DBMl
AOCOniTS SOLIOITB*.
#
THE CHRONICLE.
912
[Vol. LV,
ritiaixcM.
®jcrtt0tl.
®0tt0tt.
Waller I. Hatch,
WOODWARD
Menry PrescoH Hatch,
Arthur Melvin BateA
Members of N. Y. Stock and Produce Exchanges.
& STILLMAN, INM AN, S W ANN& Co W.
MERCHANTS
to
16
NEW YORK.
^ew
Dealers in investment stocks and bonds.
Personal attention given at the N. Y. Stock Ex.
change for the purchase and sale on commission ot
stocks and bonds for cash or on margin.
Interest allowed on deposits, subjeut to draft at
York.
sight.
COTTON OF ALL GRADES SUITABLE TO
WAKTS OF AMERICAN BPINNER8.
•
N«w
a CO.,
LZHHAN, DUBB & CO.i
Montgomenr, Ala.
La
Orleana,
LEHMAN
BROS.,
COBUniSSIOIW niERCHAJMTS,
No. 40 Exchange Flace,
Henry Hentz
New Yosk.
Orders ezeonted on the abo re Bzohangea aiwell
New Orleans, Chicago and foreign markets.
BTBAUSB & COm
Manchester, and at principal Cotion Centres
on the Continent.
New
Orleans.
STRAUSS &
CO.,
COTTON MERCHANTS
48 BROWN'S BUILDINGS.
Also orders for
NEW TOBK COFFEE EXCHANGE, and
GRAIN AND PROVISIONS
at the
NEW TOBK PRODUCE EXCHANGE and
CHICAGO BOARD OF TBADE.
the
&
Hubbard, Price
BOSTON, MASS.
HieH eBADE INYESTMENTS
Members of New York and Boston Stock Exohanget
Co.,
COTTON EXCHANGE BUILDING
NEW YORK.
general Commission Merchants.
Members New York Stock Exchange, New York
Cotton Exchange, New York Produce Exchange, New
York Coffee Kxchange. Chicago Board of Trade.
Orders executed on any of the above Exchanges,
also for purchase and sale of cotton for future delivery In New Orleans and Liverpool. Liberal ad-
Howard Lapsley
Norfolk, Va.
PRICE, KElU
& ADAMS,
No.
Limited.
Charleston, S. C.
Special attention (Iven to correspondence with Interior Cotton Merchants and Buyers for the purchase and sale of Cotton both on spot and for future
deUrery,
Hopkins, Dwight
& Co.,
GOVTOM. COTTON8BBD
O.
'iit
W.
COMMISSION MEBCHANTS,
Bxshanco Bnlldlnc.
MIW YOBK
brastarns C. Hopkins,
Charles D. Miller.
BLOSS & CO.,
COTTON MERCHANTS,
J.
OIl<
BOBTHBBN FRODDOB
>•• 59. Cotton
Geo. H. Chitboh, Special
BLOBS.
Lnolns Hopkins Smith.
Samuel Hopkins.
William Street,
NEW ¥UKK.
D. ROUHTREB.
W. D.
Rountree
&
IS
&
&
Wisner,
18 ExctaanKO Place, Ne'nr York.
CORISIISISION
MERCHANTS.
Hambon of the Cotton, CoHee and Produce Bzch's.
AGBNCT OF
THE HAXALL CEENSHATf
CO.,
RICHMOND, VA.
Standard Brands of Flour for Shipment to
Climates always on hand.
Warm
SULPHUR MINES COMPANY
Spencer Turner,
J;
80CCH88OB TO
Biinckerhofl, Turner & Co.,
MANUFACTD&BB AND DEALER IN
COTTON
SAIL
DUCK
AMD ALL KDn>B OW
COTTON CANVAS FELTING DUCK.
CAB COVERING, BAOGINO,
BAVENB DUCK, SAIL TWINE, *e,
"AWNING"
8TBIPHB.
E. D. Shepard
COTTON, COFFEE, GBAIN, FBOVISIONB
AND
Geo. H. McFadden& Bro.
OOITOK MEBOHAHIB,
AUG.
T.
POST, Banker,
7
&
Co.,
NEW YORK, BOSTON, PHILADELPHIA
Bblliko Aqemts fob Lsadino Bkandb
and BLEACHED SHIRTING
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUOKB, 40.
Towels, Quilts, White Goods and Hosiery.
DrilU, Shutings, <U., for Export Trade.
Geo. Copeland
&
COTTON BEOKEKB,
130 PEARI. STREET, NE1V
Co.,
&
PINE STREET
Foote,
NEW YORK
fNTESTMENT SECURITIBf,
Wayland Trask
&
Co.,
YORK
Cotton landed at Mills from Southern Markets
New
YorH.
Transact a general banking bnslness, inaladU.
the purchase and sale on commission of seenrltM
dealt in at the New York Stock Exchange.
THXODOBl BAIDWIM
WATLAND TRAilK,
ALTRKD N. BAinUN.
American Exchange Bank
ST. L.OUIS,
Capital,
-
MO.
»500,000 Surplus.
I
•
8313,000
PETER NICHOLSON, President.
ALVAH MAN8UK, Vloe-Presldent.Cashier
wAlKBR hill.
We send diriot to every banklMt point In Mo.
Fifth
Avenue Hotel,
IHadlson Square,
The largest,
managed hotel
NEW YORK,
best-appointed and most UbersU;
In the dty, with the most central
and delightful location.
HITCHCOCK, DARLINQ * 00.
specialty
Cahoone
ST., N. Y.
Conntr and City Bonds.
State,
18 iraU Street,
UTaspooL ooBBiapovDmn,
VRBDERIO ZEREOA * OO.
Fabyan
Co.^
BANKERS AND BROKERS,
raili ADBLPHIAs
Bliss,
&
SUCCESSORS TO
Hatch
&
Wescott,
Members New York Stock Exchange,
18 TVAIili STREET.
UNITED STATES DUMTIKG CO.
GlOTemment and Investment Bonds.
A full supply, all Widths and Colors, always la
No. 109 Duaue Street.
Btooki and Bonds Bought kod Bold on Oommliiloa.
Itoek.
Private Wires to Boston and Philadelphia.
COMMISSION MERCHANTS,
COTTON EXCHANGE BDIL.DING, HEW
YORK, and NORFOLK, VA.
BROWN
OF TEEQINIA,
Hlgh-drade PTrltes. free fron: Afsenlc
Exchange Court,
Co.,
STOCK&
Crenshaw
1
DREXEL BUILDING. BROAD
Albebi L. Rountrxx.
Co.,
NEW YORK.
Special attention Kiven to orders for cotton for
foreign or domestic shipment.
J. O.
&
BANKERS AND BROKERS,
vances made on cotton cousiguments.
FKlCe, KEID dk CO.,
LIVERPOOL.
Co.j
BANKERS AND BROKERS
OR.
COFFEE
at the
&
H. Prince
F.
COTTOM
NEW YOBK, LIVERPOOL AND NEW
BB In
CO.,
Co.,
16 to 33 UriUlam Street, New York.
mZKCUTB OBDERS FOB FUTUBE DEUVBRT
LEANS COTTON EXCHANGES.
MEMBERS OF THE STOCK, COTTON, OOFFEE AND PRODUCE EXCHANGES,
BaTaunah and
&
COMMISSION MERCHANTS,
at the
NEW VORK.
STRAUSS A
Sons,
96 Broadway & 6 Wall St, New Tork.
COTTON MERCHANTS,
22 WILLIAM STREET,
liSBlUN, Btsbn
&
T. Hatch
Massasoit House,
SPRINGFIELD, MASS.
THE BHST.APPOINT|D HOn^E IN WESTERN
Oonvsmiont f or the tonrlBt or business man. N««f
union
3i;pot.i
W. H. CHAPIW.
@FedFRASER