The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
p
A N D
H U N T ’S
n
W
a
n
c
t
m
M E R C H A N T S ’
a
i
;
m
M A G A Z I N E ,
R E P R E S E N T I N G T H E I N D U S T R I A L A N D C O M M E R C IA L I N T E R E S T S O P T H E U N I T E D S T A T E S .
.'Entered, aecordtw? to A ct o f Oonsrres-i, In the year 1893, b y Wat. B. D.vsa A 0 0 ., In the office o f the Librarian o f Congress, Washington, D . C.[
V O L. 57.
S A T U R D A Y ,
£ h e
N O V E M B E R
4,
N O . 1450.
18 3 3 .
The total for the whole country shows a decrease contrasted
with the similar period of 181)3 of 27-f per c-nt.
C h r o n ic le .
1 0 2 WILLIAM S T R E E T , N. V.
W e e k E n d i n g O c t o b e r 28.
C L E A R IN G H O U SE R E T U R N S.
*833.
For the month of October the decrease from a year ago
reaches 2*v6 per cent in the whole country, and outdde of New
York the loss is 23*1 p. c. For the ten m *nths the aggregate
for all the Clearing Houses exhibits a loss from 1893 of 9 1 p. c.
Ten ,Von?h*.
O ctober.
mm
p.ct.
isaa.
P.Cf.
New Yorh ....................
Soles o f~
(Stocks
spires.
(Grain ......... bushets.
aoeton Proytdence..
Hanford. ...
Maw
Swrttwttaid
W o r c « t « r ..
-are m jm jm / m . *fajrrsjwyw i -10*3 Portland..,,
rail Hirer..
4*M3C.*1S ~ » i l s j m j m j t x i 4,001.005.23+
Sew^Badfori................
«H{ 3#&^4i^or«
SUMMON—
wi
7*»
-5*3i
m jm M *
W,«06.«Ui .4 5 Total Saw England..
I t * T o r t ..
Providence. „
BartferA ......
New Haven.,.
m jm a m
im iim
m m jm
8vrin*«*id.....
Woveeater.,...
Portland....
trOWCll
. ......
New Bedford.
#Jf 4.1614,782.93#
b jm s m .
J
»
L
***>.?«»jMKMlc m
-«* »
8*5fc7«4i -w?
~«*3
.Put#bar*,.
-fT 7
Iff
Total Middle
& s .* s r S s
H SSK S
SSSS ¥
-art
B a ltim o r e .......
Syracuse....**
W U m in u tm .,
Binghamton.
u .n m .'im
fc s& s
-21*3 A*«2.2^J3S> 4,di.A-.-2i.410
Philadelphia..
Wf*ttfngtos*.
Rochester
s*,m .*&£
m m n
-
Buffalo.,...
. .
.T JS T 4 :!■ !
6.M6.1B*
R.IWVtfS;
-1+9
A®16,754:
l,iWd6j
i<*ja*.4ajoj
l
' ‘ —1*3
88,250.01*
«i,ti*»,oeo
I
-* 3 * 7
-HOC
M A .m M ®
#
-ft
5KS -lo t
I
I
1MWIOO
m itu r n
X rl
xw i
■SW> 4 M & M 7,971
-5'8
-L * l
■nr*
-1*1
m m j>utM i -r e
-3 ft
-7*0
WA
0
JJ>»
- » 3 W£Sj$&$jst i 24 l,K4JW -5 A
*>#•*.»«
1T.<*NJS0 -«re uu&tmoo itt^rao.too - n o
A**.Hi hoi*
-ft
Ki.7ff7|-ATS
•D
tp**S15g^
fS S 7*.^
HJK7M -8*5
*394.590
LftiSw - y *
ujmmotI
13,417,776 - S t
ii'i.iw, tea
7,050,8 IS - 5 0
[-«■»
4,017^7*.7«8
495.440,41*
6 9 0 ,9 l6 jm
n jo i.'.i# 1- * »»
w w n r -w -f
MH.M& ~ **n
4,t«a.tie ~ m n
W JSikfi ts
m m tM r
» .U 6 J 7 i
S 7M 7M
s .'m jm
U 9.lH.an -W O
S an a *# C ity..
M in neapolis..
O m an** .. . . .
D en ver------
6o.tm.us.-wi>
p £ * ::r .::i
■ 3 8 -n *
s w jm j M
s m .v w .m
ZTU&7J 7*
Z H M lM t
itx .* m ,¥ v l
t».2ti,.w. - « n
§t. J t m p k ...
BUmx City ...
tm m in
.......
Wichita*... ..
Town*..........
F r e m o n t ,.
Tot. nth’r W.
New
© a lv e s io f s ...,.
Houston ......
it e m p h ia ......
JMMBond
wmM
240,428JS*t +fit
1 M M .,:. 4-1*2
M m u ia a ls ... .
Atlanta ......
B SgaSSR ::
10*,806,499 —34‘4
L3«3.0ii,Sfi;
,
. .
6TMM1*1 ‘U
> ,« ,«
tJm jn n
W.8CH,Wt
~
•U/U bu h s A .
P a r « * b fe »
*ra.9W,51B
MtWfU!
tu n # *
*,m8am -»•'>
c lc a r ln a * by t ft # fr a 9 a
^
} gj4,253,..
i i
M
li6 .1: *UM.B 0
‘I7,136,161
K
H7*%»0t
at
% tm x m
mWimw
Mir.
M67.S-*
*»8S8
17.8®t.l09
Seattle,.
&68.218
T acom a,
StMIS.***
--------P a te 7 1 0 .
-n-t
1
—190
aao,i
+21*5
T
—14*3
*124,1.28
‘
i.borVm
652,802
623,r
788,'
—4*3
—18*6
+14*0
260,074
—7P9
16,639,584
-18*5
*
-40*7
8,910,267
7,424,607
6.027,660
4,082,493
2,509.654
968031
4-4,566
311.407
288.158
100,000
-H I
-37 1
-31 i
-16-2
615,866
1,7844 12
1,21 *.104
1,229.117
f
c
650,000
136.299
16*.-08
25L379
54+07.385
I llii
2.371,990
1957,683
8,061,344
2,&9?,MMi
1,775.742
003,069
1009,000
m
um
681,8*3
S5S
294.408
67,367+32
O u tsid e N ew Y ork
410.&4A754
1,128.310
040,189
18,024,187
I
384,177
341,670
423,010
fe4,47«l
-3 2 6
33.974,836
—26*0
-3 0 0
965,911 690 1,310,268,920
1 0 ,007+ 64
6.342,413
I
86,337
40.038,531
3,709,155
3.081.20*1
“ ^9
1,478 570
0*5,640
7,226,1*6
4,886,733
3,463,270
2.102.510
1.862,574
1.437,430
645.1*3
l,638,t«w
-23*5
-10*7
+11*8
-18*4
-26*2
-88*1
-21*4
1,177,190
-7*5
—40*0
14.602^42 ‘
37,659.006
10,034,r**'*
-2,3*0
»
8,441,839
T o ta l a ll ,
* N o t in clad ed in to ta ls,
/if
-17*1
12.993412
1,300,000
117400
38,186,487
Total Canada.
-23 9
* iS :S
-0*3
—nj
186,<XJ0
991,202
T o ta l O th e r W e a te r a ..
-0*8
8 «
176,000
124,927
*95.670
<J.71!.7!W + f »
3l.ttl.666 - t i t
-18*7
‘ 276,090
•IS
510,188
HM tiuge.......
Springfield, Mo.t..... ....
S t. U o u ia ,. . . . . . . . . . . . . . . .
New Or lean*
Loo lav Itie.
Oat T eu ton
H o u s to n ,
92,488,288
1.372,624
1,171,639
168.481,345
---------- C it y
M in n e a p o lis .
O m a h a ...........................
St. Paul.
D e n v e r ,....
-3 9 * 4
-2 3 4
sjtsT .m »
120^96^46
Pbrttend.........
a s iis
—109’
-2 8 3
“ S 3 T ® rn.fxui.Mi * -= »# 1 ®
-=2*3
J
90,367.128
-2*0
Tot*i Middle W••tern.
m t I**be City*
- 1 8 3!
-2 5 * 8
8.165,88
«E S»
IS
m jm .
-2 5 * 3
<
14,8^0.816
Bay City*....... ........ ..
O m u m ......... .... ........... *
B ir m in g h a m ............. . . .
C h a tta n o o g a .. . . . . . . . . . . .
J a ck so n v ille . . . . . . . . . . . .
T o t a l S on th e rn
*OU J .I t . — 'i . t H .l M .M * 5 ,t3 > l.;< :.T O ™2*A t 9 . t M , : 7 1 ) ^ » j:
828,420
P , C e n t.
504,&30,0OI
___474.757
+*»
124,454.850 ' —24 7
f150,
is
144,771
X04gU>^8|
» -88 Richmond.
Nashville.,
70.138.1S4
Savannah
55,417,28
Memphis . . .
"• '*'*-,800
......J
8,2.4/
T ooek a
F r e m o n t .........
Htttdbtftaoo.t . .
318,1
100.t€8,#10
1.467,735
1,015,215
18&3.
-fg * 3
88,062,651
18,424,017
L in eo ln ..
Total Sooth.;
p t t M ......!
hmuimo..
Ttrt.C«o«t».
4m ,M b
.. m m m
1,3 U ,074
ftM in irfleid , O .............. .
2S.3I3.475 Hl*» DUSSSS.:::
allas.............
23.8*6,001
Waco.............. .
32,784.31*
F ort W o r t h .. .. . .. .. .. .
roTt' w-'.rVb;‘ ;
SJonWMt
^.<2.7m
v s t®
1,403,353
238.851
287,628
VLSI 8.730 T3*3
40,414,775 - 3 t
OntoMto » .
7,047.109
1,033.010
1,110,128
1.220,708
M x .457
Wichita... .... .......
a0«.*’*
s «4.(22:
g
r.tfl-Mo* -«*•'•
gftkbvtU**...'
m m ijm
burin**.. .
,k rm . .....
............ .
Sioux City
Dm Molin'
WUt«fi
IHJOO.MS Tt2,mj77 -411 T S m a v *
‘W
HS M
lO.UO.tt -212
-2,077.271) (+20 4
Mt.rs.is6) (—47 7 ),
197,161.050 -25*7:
r<ex»Q4fton.. . . . . . . «
T o ta l P a c ifie.. . . . . . . .
«58A?58,t20 -16*5
s «
UMWI
*.771,47*/
Qrmaa iliipid*,
<2.601,425!
Helena* ....
-84 0
KI f .* * «» ■
Milwaatee....................
tietroil...........................
Clereiand......................
Colnothaa.................
IndlanapolH.
7t 0,238,112
37*1
ft . Louis.,. _
Louis villa......
Chicago........ ........... ............
C to e tn n a tt....................
.................
4M80J87 -21*8 Sioux Wail#.............
3».t21jM» - 23 0 F»r» ’*........................... .
*>£06.61a -.0 3 Aibuaa«rtjo#f,.. . . . . . . .
U.V7M18 28*5
1W &
MtolWfl-to'*.
JDee M ou se*» .
B u ffa lo . .. ................. .
Waatumtton................
a..«be#ter.....................
Srracow ........... .........
WUishMrtoa,......... .....
atoghamten-------- ------Total M id d le .................
645,371.048
Um A m teim
m iM 2 ,W
77.532,0^
Pmiadalphta................
Pltt.barg......................
Baltimore.....................
W e e k E n d ’g O ct. 21.
|P . C m t ■
m m .
+5*4
—20 7
—12*0
+ 22*9
-31 0
-68'6
+1 0
—31 8
-3i*6
+23 9
+0*6
+ 7 *8
+ ill
—77*2
-6 2 * 7
-1 3 9
-1 8 6
I s
a s
1,4.8,109
w
201,921
60,319.101
—T
928,125,110*
“423,195,112 “
550,030,814
11,854.379
0.478.4601
1.239,121;
784,136
20,366.104
4,709.170
4.U0.U27
2,034.845
734,473
4,1*4,950
-8 0
—17*5
-9 0
- 1 *0
—11*5
6
10+67,115
959.996
H SS
-v 'l
18.H48+351 -16*t
♦ P u b llca tio a disoontinued fo r the present.
THE
740
CHRONICLE.
[VOL. L V II.
quiry in the city. The supply in the market is not so
large as is usual at this time of the year, owing to the
limited trade, and if our city banks should come into
sta te
city m v m m w r .
the market as buyers there would not be enough good
paper
to satisfy the inquiry. Rates are 5 to ner
S e e p a g e s 7 7 8 , 7 7 9 , 7 8 0 , 7 8 1 a n d 7 8 2 for our State
cent
for
sixty to ninety day endorsed bills receivable;
and City Department.
5£
to
6
per
cent for four months commission house
A ll advertisements with relation to State and City Bonds
names,
and
6
to 7 per cent for good single name3 hav
will likewise be found on the same and following pages.
ing from four to six months to run.
The financial situation abroad seems to be somewhat
unsettled, in consequence of the embarrassments of
TIIEFINANCIALSITUATION.
Italy and the fear that Austro Hungary will not be
The measure for the absolute repeal of the purchase able to carry out the plans for the establishment of
clause of the 1890 silver law has been effected this her currency upon a gold basis after having, at so
week by the passage of the Senate bill in both Houses great cost, accumulated the metal in the treasury.
of Congress and by the approval of the bill by Presi The gold premium in Italy is advancing. This
dent Cleveland. We give the law in a subsequent strained financial situation in Italy directly
column for future reference, and have discussed in a affects Germany and France, where Italian
separate article the bearing of the repeal on business securities are largely held, and it al30 indi
affairs. It is sufficient to add here that we can scarcely rectly influences affairs in London for the reason that
find words which are strong enough to express our sat any disturbance on the Continent will be certain to be
isfaction at a result for which we have been working reflected at the British capital. At the moment Germany
since 1878. Auotherimportant industrial event of this has ceased to draw gold from London and exchange at
week has been the cancellation of the last of the loan cer Paris on that centre is above the gold point. The
tificates issued by the Hew York banks and the jubilee tenacity with which the Bank of England is holding on
meeting of the Clearing-House Association on Thurs to its gold is seen in the fact that it is now demanding
day, at which a report was read giving in brief the 78 shillings £ penny for bars in order to deter with
causes which led up to the appointment of the Loan drawals of the metal. The Bank rate remains un
Committee and a history of the work it performed. A changed at 3 per cent. The cable reports discounts of
copy of this report will be found on a subsequent page. sixty to ninety day bank bills in London 2f per cent.
The first issue of these certificates was on June 17; the The open market rate at Paris is 2£ per cen t; at Ber
greatest amount outstanding at any one time was $38,- lin it is 4§ per cent and at Frankfort 4^ per cent. Ac
280,000, on August 29, and they stood at that figure cording to our special cable from London the Bank of
until September 6, when they began to decline, and the England lost £585,004 bullion during the week and
held at the close £25,976,770. Our correspondent fur
last was retired November 1.
Silver bullion declined to 31-Jd. per ounce in London ther advises us that the loss was due to the import of
on Tuesday from 33£d. on Saturday last; on Thursday £197,000 (of which £130,000 were from Australia,
it recovered to 32d., and was quoted at same figure £50,000 from Uruguay and £17,000 from Portugal),
yesterday. What will be the permanent effect on the to receipts from the interior of Great Britain of £134,price of the metal after the earlier unsettlement has 000 and to exports of £916,000, of which £373,000
passed away, must depend upon facts not yet developed. were to New York, £295,000 to Egypt and £218,000
The decline noted above is the first effect of our to the Continent. The Bank of France reports a de
withdrawal from the market. It is not at all unlikely crease of £162,000 gold for the week.
that after a time a higher level of value may be main The foreign exchange market has been active this
tained than at present rules. For it must be remem week. There was a fair supply of commercial bills on
bered that our purchases never stopped the decline, but Monday, which made the tone easier, but it grew
seemed to act on the market adversely, much the same firmer on Tuesday in consequence of a demand to re
as the piling up in sight of any other commodity. mit for stocks sold for European account, this sell
The lower price for silver and the decline in the stock ing having been large on the previous day; it was
market have both followed the passage of the repeal represented that it was simply a continuation of the
bill. The latter came as a surprise to many. It was, movement which was the feature last week, when there
however, orfly the natural action of the Wall Street was a disposition to take profits on stocks, many
method. The passage of the repeal bill was discountad of which were bought during the depression last sum
and realizing sales followed the event.
mer. There was also a good demand to remit for sugar
Money on call has remained unchanged compared imported and a mercantile inquiry for settlements,
with previous weeks, rates ranging from 1 to 2 per cent, which altogether tended to absorb the supply of bills
and the average being a little less than 2 per cent. Re offered against cotton and breadstuffs and likewise some
newals have been made at 2 per cent, and banks and drafts made against purchases of bonds for European
trust companies quote 3 per cent as the minimum. account. The fact that discounts were firm in the
Money on time is in abundant supply, and with the re open market at London, due in great part to
tirement of the outstanding Clearing-House certificates apprehensions of a further movement of gold to New
the banks are likely to seek loans of this character. York, induced bankers to employ their capital in Lon
The inquiry is very light, commission houses seem don instead of here, and consequently bills for forward
to be well supplied, and the transactions in loans deliveries of cotton were not freely bought and the
are few. Rates are 3 to 3£ per cent for thirty market being rather bare of drafts it was somewhat
days, 4 to 4£ per cent for sixty days to four months sensitive. On Wednesday a little better supply of
and 4 | to 5£ per cent for four to six months on good commercial bills and a lighter inquiry made the mar
Stock Exchange collateral. Commercial paper is in ket weak in the morning, but before the close it be
good demand from out of town, and there is a fair in came firmer at a fractional advance for actual business.
THE
N ovember 4, 1893. J
THE
CHRONICLE.
741
is n o t m a ter ia lly d iffere n t from th e a m o u n t re p o rted a
year a g o , n a m e ly $ 7 ,1 1 3 ,3 3 9 . A s on e w o u ld e x p e c t
h o w ev er in v iew o f th e d iffic u lty o f r e a liz in g ca sh
d u r in g A u g u st, th e a m o u n t o f ca sh in th e to ta l is
sm a ller th a n in 189 2. F o r th e p re se n t year th e to ta l
o f th e q u ic k a ssets i3 m a d e u p o f $ 6 7 1 ,3 9 5 ca sh ,
$ 2 ,0 4 6 ,4 9 1 o f b ills an d a c c o u n ts r e ceiv a b le, a n d $ 4 ,3 7 9 ,759 o f m a rk eta b le p ro d u cts a n d su p p lie s o n h a n d .
O n A u g u st 3 1 , 1 8 9 2 , th e to ta l w as co m p o se d
o f $ 2 ,1 6 5 ,5 5 3 o f ca sh , $ 1 ,5 3 9 ,2 4 5 o f b ills a n d
a c co u n ts receiv a b le, a n d $ 3 ,4 0 8 ,5 4 1 o f p ro d u cts a n d
su p p lies.
In a d d itio n to th e q u ic k a ssets th e valu e o f real e s
Th urs.,
Frl.,
W e d ..
M on..
T uee.
Frl.,
N o r . 1. N o r . 3.
N o r . 8,
O c t, 27. O ct. 90. O ct. 3 L
ta te, b u ild in g s, m a ch in ery , A c ., i3 $ 1 0 ,3 8 7 ,6 6 6 th e
8 1 4 -2
914
914
(<50 days
p resen t year a g a in st $ 9 ,5 6 7 ,5 3 1 la st y ea r, g iv in g a to ta l
Brown B r o s ....
9 * 8 -5
1Sight.. . ** 98 41 44 89 14 44-J- 5 «95*
944
9*4
cash v a lu a tio n o f p ro p erty in 1893 o f $ 1 7 ,4 8 5 ,3 1 1 a g a in st
92
93
S3
93
S3
Barm *.
140 days
* 33
95
95
95
« is
95
M agoon k Co. l S ig h t -..
91
$ 1 6 ,6 8 0 ,8 7 0 in 189 2. T h e p ro p o rtio n o f ca sh v a lu a tio n
92
se
91
82
B ank British
4 -a 4
SB
1 9 9 d a y s.
95
85
in th e to ta l c a p ita liz a tio n (as d istin g u ish e d from th e
85
N o. A m erica.. J 8i*tit—
4 944
944
9*4*5
91
Bank o f
92
93
93
492
83
p ro p ortion rep resen ted by g o o d w ill, c o n tr a c ts, lea ses,
I 9 0 d ays.
95
95
85
95
M ontreal____ _ 1s i g h t ! . . . 4 * 3
95
p
a ten ts, p ro cesses, A c .,) k eep s ste a d ily r isin g , b e in g
9t
93
as
m
Canadian Bank S 80 d a r t.
4 *1
92
85
o f Com m erce. < 9 U b t_...
944
944
944
4 9*4
944
fo r 1893 5 0 p er c e n t, a g a in st o n ly 48 p er c e n t in 189 2
ftt
92
92
H sid e lb a c h lc k J M days.
* « *
93
83
an d 4 5 '2 p er c e n t in 189 1. S p e a k in g o f th e lo w p rices
85
eJhetmer k Co > S ig h t....
944
944
4 *4*
944
9*4
a t w h ich th e co m p a n y w as o b lig e d to m a k e sa les d u r
93
Lasard Freres... 1dO d ays.
86 S385
1Sight*.. . . 44 *741 S395 «9 444 8395
in g th e p a n ic , M r. A d a m s sta te s th a t so m e reco v ery h a s
T h e m a rk et clo sed firm a t 4 8 1 }@ 4 82 for 60 d ay and sin ce ta k en p la c e an d th a t th e r e a liz a tio n u p o n th e
4 8 4 } to 4 85 fo r s ig h t. H ates for a c tu a l b u sin ess w ere 4 81 p ro d u cts h as b ee n b e tte r th a n th e v a lu a tio n s u p o n
to 4 8 1 } for lo n g , 4 8 3 } to 4 84 for sh o r t, 4 8 4 } to 4 8 4 } w h ich th e a c c o u n ts are b ased . H e a lso p o in ts o u t th a t
fo r ca b le tra n sfers, 4 8 0 } to 4 8 0 } for p rim e an d 4 8 0 to th is record illu str a te s th e im p o r ta n t d iffere n ce b etw een a
4 8 0 } fo r d o c u m en ta ry c o m m e rcia l b ills.
M essrs. tra n sp o rta tio n an d an in d u str ia l en terp rise. T h e fo rm er
L azard F rer es rep ort in tr a n sit fo r N ew Y o rk $ 5 0 0 ,0 0 0 co n su m es its su p p lie s in its o p era tio n s; th e la tte r m a n ip
g o ld o n th e C a m p a n ia w h ich , le ft la st S a tu r d a y (r e u la tes th e m fo r sa le, a n d h e n c e flu ctu a tio n s in th o
p o rted in th e C h h o x i c l b la st w e ek ); $ 6 2 5 ,0 0 0 o n th e m ark et v a lu e o f th e p r o d u c ts m u st be r e co g n ized , a n d
L a h n ; $ 6 7 5 ,0 0 0 on th e F u erst B ism a rck and $ 1 0 0 ,0 0 0 u n til th e b u sin ess y ea r h as clo sed th e fin al resu lts
o n th e F ren c h ste sm e r sa ilin g to -d a y (S a tu r d a y ). A ll ca n n o t b e d e fin ite ly a sc e r ta in ed . T h e p rofits o f th e first
th is g o ld , e x c e p t th a t b y th e F u erst B ism a r ck , h as b een e ig h t m o n th s (b a sed u p o n th e th e n v a lu e o f th e sto c k
o n h a n d ) m a y be red n eed b y th o sh rin k a g es o f
p ro cu red in L o n d o n .
T h e A m e rica n C o tto n O il rep ort fo r th e year e n d in g th e fo llo w in g fo u r m o n th s. “ W h en fr e ig h t an d p as
A u g u st 3 1 , 1 8 9 3 , h as b een issu ed th is w eek . T h e r e sen gers pass o v er a tra n sp o r ta tio n lin e , th o se r v ic e s
p ort a ttr a c ts a tte n tio n b eca u se th e c o m p a n y is o n e o f sold h av e b een fu lly ren d ered . A s th e re v en u e th e r e
th e very few in d u stria l co n cer n s w h ich fu r n ish fu ll a c from is n o t a ffected b y a n y su b seq u en t c h a n g e o f
c o u n ts re g a rd in g th e ir fin an ces a n d y e a r ly p ro fits, and tariffs, th e ea r n in g s m ay be sta te d w ith clo se a p p r o x i
b eca a se th e p ro p erty u n d er th e p re se n t c o n tr o l h as been m a tio n ea ch m o n th an d w eek . In an in d u str ia l e n te r
m a n a g ed w ith s k ill a n d fid e lity , an d th e in d u stry w h ich prise m a n u fa c tu r in g n u m e r o u s sta n d a rd p ro d u cts o f
it co vers is a v ery im p o r ta n t o n e. T h e rep ort sh ow s q u o ted v a lu es in th e p rin c ip a l m a rk ets o f th e
w h a t th e p ro p erty is ab le to d o in a year o f u n fa v o ra b le w orld , it is n o t p o ssib le to p u b lish d e fin ite e a rn in g s
c o n d itio n s. T h e a g g r e g a te v o lu m e o f b u sin ess w as p er m o n th th a t w ill b e p ro p erly u n d ersto o d w ith o u t
g rea ter th a n in th e y ea r p r e ced in g , a m o u n tin g to $ 2 3 ,- referrin g to th e a m o u n t o f sto c k o n h a n d a n d to th e
2 4 7 ,6 0 0 , a g a in st $ 2 0 ,2 6 3 ,5 0 0 , b u t th e n et p ro fits w ere m a rk et c o n d itio n s th e r e fo r .”
W e h av e c o m p iled th is w eek o u r sta te m e n t o f b an k
sm a ller, b ein g $ 1 ,8 0 0 ,0 4 0 , a g a in st $ 2 ,5 2 7 ,6 9 8 . M r.
B lw a r d D . A d a m s, th e
C h airm an o f th e clea rin g s for th e m o n th o f O cto b er, a n d th e r e su lts are
B oard o f D ir e c to r s, w h o h as p lay ed su ch a p ro m in en t ab o u t w h a t w o u ld be e x p e c te d . T h e r e is a la r g e fa ll
p art in ra isin g th e p ro p erty to its p re se n t p o sitio n , in g off fro m th e to ta ls fo r la st y ea r, b u t th e ra tio o f
sta tes th a t th e first e ig h t m o n th s o f th e year w ere p ro d e c lin e is n o t as h ea v y as in th e m o n th p r e c e d in g . In
fita b le, b u t th a t th e la s t fo u r m o n th s co v ered a period th e a g g reg a te for th e w h o le c o u n tr y th e p er cen ta g e o f
o f d e c lin in g b u sin ess a n d p rices, “ w ith d a ily a n x ie tie s d ecrease for O cto b er is 2 5 ’8, as a g a in st 3 0 ’7 p er c e n t
co m m o n to th e en tir e b u sin ess in tere sts o f th e c o u n for S e p te m b er a n d 2 5 ’9 fo r A u g u st. T h e fe a
tr y .” F rom th e $ 1 ,8 0 0 ,0 4 0 p rofits d erived from th e tu re n o ted th e p rev io u s m o n th o f a sm a ller
Y o rk
m a n u fa c tu r in g a n d co m m ercia l b u sin ess o f th e c o m ratio o f fa llin g o ff o u tsid e o f N e w
p a n y , th e d e d u c tio n s for a d m in istra tio n an d a g e n c y th a n in th e to ta l for th e w h o le c o u n tr y , a g a in
ex p en ses an d for in te r e st on b o n d s, A c ., w ere $ 6 5 2 ,9 3 2 , appears; th is arises fro m th e fa c t th a t fin an cial tr a n s
le a v in g th e n e t p ro fits $ 1 ,1 4 7 ,1 0 8 . T h e req u ire m e n ts a c tio n s p la y su ch an im p o r ta n t p a r t o rd in a rily in th e
for d iv id e n d s on th e preferred sh ares w ere $ 6 3 9 ,3 5 6 , N e w Y o rk c le a r in g s, an d ju s t n o w o f co u rse fin a n cia l
• o th a t th ere was a b ala n ce o f over h a lf a m illio n d o l tra n sa ctio n s are a t a m in im u m . F o r O cto b er th e p er
lars above th e a m o u n t required for su ch d iv id e n d s — ce n ta g e o f fa llin g off o u tsid e o f N e w Y o rk is 2 3 ‘1 p er
a n d th is in a y ea r o f poor re su lts
C u rren t ce n t; for S ep te m b er it was 2 6 ‘7 p er c e n t; for A u g u s t,
lia b ilitie s, th o u g h h d f a m illio n d o lla rs I ir g e r 2 9-8 p er c e n t. H ere th e n w e h ave a ste a d y th o u g h
th a n a t th e clo se o f th e p rev io u s (fisca l year, sm all ch a n g o fo r th e b etter. T h e co m p a riso n s fo r
a m o u n ted A u g u st 3 1 , 1893, to o n ly $ 1 ,1 4 8 ,2 8 9 . T h e ea ch m o n th o f th e p re se n t year are g iv e n in th e fo l
______ * . i . ‘ ______ ' „ . i - " • ■
q u ick assets a t th e sa m s d a te wera $ 7 ,0 9 7 ,6 4 5 , w h ic h lo w in g .
I t was th e n rep o rted th a t th e m a r k e t‘;had, d u rin g th e
d ay , b een su p p lied w ith ab o u t $ 2 ,0 0 0 ,0 0 0 " s te r lin g ,
d ra w n a g a in st an I llin o is C en tra l R iilr o a d lo a n
n e g o tia te d b y S p ey er & C o ., an d a ls o 'a b o u t $ 1 ,5 0 0 ,0 0 0 d raw n a g a in st th e A tc h iso n n o tes m a tu rin g
N o v e m b e r 1, th r o u g h B a rin g , M a g o u n & C o.
O n T h u rsd a y th e m a rk et was d u ll a n d ste a d y a ll d ay
w ith a m od erate su p p ly o f co m m ercia l b ills a n d a fa ir
d em a n d for re m itta n c e . Y ester d a y rates w ere lo w er
a g a in , b u t th e to n e, a fter b e in g w eak, clo sed firm . T h e
' fo llo w in g ta b le sh o w s th e ch a n g es in ra tes o f ex c h a n g e
b y th e le a d in g d raw ers.
742
TH E
[V ol . LV II,
CHRONICLE.
while the road shows a falling off of $457,596
in gross it has a decrease of only $43,380
in net. The Cleveland Cincinnati Chicago &
St. Louis reports net of $335,149, against $401,366;
the Norfolk & Western, $266,444 against $316,517 ;
the Denver & Rio Grande, $245,500 against $350,994;
the Rio Grande Western, $74,060 against $105,002;
the Wabash, $369,943 against $405,606 ; the Mexican
Central, $195,747 against $211,999, and the Mexican
National, $144,633 against $162,260, both in Mexican
currency ; the Chicago Junction & Stock Yards, $130,032 against $169,184 ; the New York Susquehanna &
Western, $73,151 against $76,441 ; the Canadian Pa
cific, $801,837 against $,838,998, and the Kansas City
Fort Scott & Memphis, $111,208 against $113,992.
The following statement, made up from returns col
Of course the foregoing aggregates are simply typi lected by us, shows the week’s receipts and shipments
cal of the results at the separate cities. We give of currency and gold by the New York banks.
below the figures for twenty-one of the leading cities,
and they all show decreases for the month, and with
three exceptions also all decreases for the year to date.
MONTHLY CLEARINGS.
C le a r in g s , T o ta l A H .
C le a r i n g s O u t s id e N e w Y o r k .
M o n th .
1893.
1892.
1
6,960.811,391
6,082,214,190
6,416,802,611
$
5,671,774,528
5,223,972,663
5,311,066,098
1892.
1893.
P . O t.
P .O t.
+ 4 -9
—2*7
+ 2 -0
t
2,389,369,979
2,015,349,391
2,160,106,029
f
2,12S,158,562 + 1 2 ‘6
1,986,503,727 + 1 -6
2,050,419,575 -f6 -0
1 st quar.. 16,440,858,192 16,206,813,289
+ 1 -8
6,570,825,399
0,100,091,864
5,102,380,951
5,045,104,941
4,949,506,780
-2 * 9
+ 4 '7
-8 0
2,144,937,028
2,225,502,380
1,926,853,723
2,026,863,591 + »•*
2,004,944,896 + 7 -9
2,142,484,042 - 1 0 0
2d q u a r ... 14,786.018.765 15.006,992.672
-2 1
6,297,293,131
6,234,292,029
+ 1 -0
6 m onths. 31,294,876,957 31,303,805,961
—0*3 12,868,118,530 12,394,373,893
+ 3 '8
J a n u a ry ...
February
M a r c h .........
A p ril............
M a y ...............
J a n e ..............
4,961,286,862
5,280,981,721
4,562,750,182
+ 8 -7
4,653,541,650 -1 0 -6
4,545,180,549 -2 5 * 9
4,820,660,047 - 3 0 - 7
1,765,395,902
1,411,933,257
1,501,751,115
2,075,164,938 -1 5 -0
2,010,958,098 - 2 9 - 8
2,048,201,813 -2 6 -7
3d q u a r ... 10,871,722,040 14.025,382,246 —22*5
4,679,080,331
6,131,324,819 —23*7
J a ly ..............
A u g u s t -----Septem ber.
4,158,802,833
3,369,972,293
3,342,946,914
6 m on th s 42,106,528,997 45,329,188,207 -7 * 1 17,547,193,804 18,528,698,742 - 5 3
4.044.180.662 5,438,767,295 - 2 5 - 6 1,814,^25,703 2,360,280,459 -2 3 -1
O c to b e r—
W e e k E n d i n g N o v . 8, 1893.
R e c e iv e d b y ! S h ip p e d b y
N e t I n te r io r
N . Y . B a n k s - 1N . Y . B a n k s •
2,2$
$
86
$
$
$
100
20
22
10
22
20
21
22
22
$ 4 ,1 4 8 ,0 0 0 G a in .$ 4 ,2 8 3 ,0 0 0
6 2 9 ,0 0 0 G ain . 2 ,5 9 5 ,0 0 0
T o t a l g o ld an d le g a l t e n d e r s .. . . $ 1 1 ,0 5 5 ,0 0 0
$ 4 ,7 7 7 ,0 0 0 G a in .$ 6 ,8 7 8 ,0 0 0
Gold _______________________________ ____
BANK CLEARINGS AT LEADING CITIES.
/-------------- October.-------------- s ,— J a n u a ry 1 to Oct. 31.— *
1893. 1392. 1891. 1890. 1893. 1892. 1891. 1890.
rooo,ooo#
om itted.)
$
$
$
New Y ork...
29 3.079 3,282 3,567 26,789 29,879 27,542 ;31,242
465
387
422
Chicago........
406 3,935 4,178 3,631 3,370
354
457
455
434 3,838 4,081 3,932 4,296
Boston.........
346
311
310 2,887 3,138 2,728 3,096
Philadelphia
248
107
104
942 1,006
932
St. Louis___
927
San Fran’co.
76
83
672
57
84
591
739
702
53
67
64
67
594
641
Baltimore...
601
632
67
49
64
Pittsburg...
75
564
564
633
661
51
72
Cincinnati...
61
59
620
536
529
548
47
Kansas Ciiy
39
50
45
398
413
375
412
41
44
50
New Orleans
46
392
378
404
401
37
Milwaukee..
34
41
293
257
284
288
25
35
Louisville...
29
34
272
299
316
337
Buflalo........
35
39
38
36
334
321
339
286
24
35
31
29
274
295
260
Detroit .. ..
248
32
49
Minneapolis.
44
40
271
349
281
239
Omaha........
28
24
255
240
175
214
24
Providence..
29
30
27
246
233
217
227
19
27
Cleveland...
24
26
229
242
215
218
Denver........
191
217
165
St. Paul.......
15
26
25
175
219
190
185
221
T otal........ 3,820 5,157 5,235 5,578 43,975 48,386 44,412 48,713
224
282
Other cities..
260
231 2,176 2,382 2,133 1,862
Total all... 4,044 5,439 5,495 5,809 46,151 50,768 46,545 50,575
Outside N.Y. 1,815 2,360 2,213 2,242 19,362 20,889 19,003 19,333
At the Stock Exchange the share sales, though
larger than in any preceding month since last May, did
not quite equal those for October last year, reaching
6,322,384 shares against 7,042,896 shares. Stock
Exchange business now no longer affects bank
clearings in the way it once did ; still it is interesting
to note that the market value of the share sales for Oct
ober, 1893, was approximately 314 million dollars, as
against about 412 million dollars in October, 1892.
Very little comfort on the whole is to be extracted
from the statements of railway net earnings for the
month of September that have come to hand this week.
The Atdhison shows for the month a loss of $600,673
in gross and a loss of $171,540 in net, the St. Louis &
San Francisco a loss of $234,197 in the former and
$150,456 in the latter, making together $834,870 loss
in gross and $321,996 loss in net; for the three
months from July 1 there is a loss of $1,985,420
in gross and a loss of $840,993 in net. The Phila
delphia & Reading on the Railroad Companv has
suffered a decrease for the month of $218,327
in gross and a decrease of $127,358 in net, and
on the Coal & Iron Company with an increase of
$387,354 in gross, there is a decrease of $16,654 in net.
The Chicago Burlington & Quincy has lost $615,405 in
gross, $148,517 in n et; the Chicago Burlington &
Northern $25,301 in gross, $18,607 in net. The
Louisville & Nashville lost $420,566 in gross, but has
managed to wipe out all but $24,337 of the amount
through a saving in expenses. The Southern Pacific
also effected a great saving in expenses, so that
M o v e m e n t.
$ 3 ,4 3 1 ,0 0 0
3 ,2 2 4 ,0 0 0
Result with Sub-Treasury operations.
W e e k e n d i n g N o v . 8, 1893.
In to
Out of
N e t C ha nge in
B a n ks.
B a n ks.
B a n k H o ld in g s .
B a n k s’ in te rio r m o v e m e n t, as a b o v e $ 1 1 ,6 5 5 ,0 0 0
1 7 ,4 0 0 ,0 0 0
$ 4 ,7 7 7 ,0 0 0 G ain . $ 6 ,8 7 8 ,0 0 0
1 6 ,4 0 0 ,0 0 0 G ain . 1 ,0 0 0 .0 0 0
T o t a l g o ld an d le g a l te n d e r s........ $ 2 9 ,0 5 5 ,0 0 0 $ 2 1 ,1 7 7 ,0 0 0 G ain . $ 7 ,8 7 8 ,0 0 0
The following table indicates the amount of bullion
in the principal European banks.
N o v e m b e r 2, 1893.
Bank of
France..............
G erm an y ___
A u s t .-H u n g ’y
N e th erlan d s..
Nat. B elgium
3pain.................
N o v e m b e r 3, 1892.
G o ld .
S ilv e r .
T o ta l.
G o ld .
S ilv e r .
T o ta l.
£
£
£
£
£
£
25,970,770
26,97 6,770
67,938,793 50,559,124 118,497,917
29,158,500 9.719,500 38,878.000
10,674,000 16,222,000 20,896,000
9,087,000
2,818,000 0.809,000
3,954,000
2,636.000 1,318,000
7,918,000 6,510,000 14,434,000
24,429,253
24,429,253
00,919,748 51,084,600 118,004,354
32,430,000 10,812,000 43,248,000
10,820,000 15,890,000 26,710,000
8,107,000 0,997,000 10,164,000
8,081,333 1.540,607
4,622,000
7,611,000 5,071,000 12,682,000
T o t. th is week 147.120,003 91,203,024 288,323,087 148,464,334 91,395,273 239,859,607
T o t. p rev. w ’k 147,809,730 91,186,410 238,996,140 149,373,071 92,532,750 241,956,421
STOPPAGEOFSILVERPURGEASESAND
THEINDUSTRIALSITUATION.
How curious the struggle must appear to future gen
erations which has occurred in this country over the
status of silver. No doubt it will be sufficiently per
plexing to learn that we could have had the temerity
to even begin the business of coining silver in 1878, at
a moment when every nation in Europe had closed its
mints to that metal and its market value was already
eleven points below the parity our new dollar coinage
law established. But how much more complete the
paradox will seem when it is further discovered that
there was a prolonged contest in 1893 over the continu
ance of that policy after India had also closed its mint
and silver bullion was selling at less than 34d. per
«unce, and after we had tried our experiment fifteen
years and it had proved powerless to advance or even
support the price of silver, a vigorous agent for driving
gold out of the country, a most effective device for
exciting the distrust of capital and for dislocating our
industries.
The change now made is a most radical one. We
said on September 2nd, when speaking of the vote in
the House, that the importance of the repeal could
scarcely be over-estimated. By that act our currency
for the first time since the war has been put upon a
gold basis. We have not however discarded silver any
more than France has. France has, according to our
NOVEitBEB 4. 18«3.]
THE
C H R O N IC L E
M in t B u rea u ’s es’unace, 650 m illio n d o lla rs m leg a l
te n d e r silv er c u r ren cy , while th e U n ite d S ta te s h as
a b o u t 573 m illio n d ollars. T h e sa m e a u th o r ity e stim a tes
F r a n c e ’s sto c k of g o ld a t 8 0 0 m illio n d o lla rs, a n d th e
748
o b str u c tiv e fo rc e h a s b een ou r silv er-p u r ch a se la w ,
w h ich h as a e te d so as to p a ra ly ze co m m erce. O ver
tra d in g or c r e d it e x p a n sio n h a v e n o t b ee n fe a tu re s o f th e
s itu a tio n b eca u se, th o u g h th e ca ta stro p h e ca m e in a
United States stock on October 1st at 657J million dollars. f en se u n e x p e c te d ly , th e tr a d in g p u b lic h ave lo n g r e a liz e d
H e n c e w ith o u r m in ts clo sed to silv e r w e are situ a te d th a t th e re su lt rea ch ed was in e v ita b le an d c o n se q u e n tly
w ith r e fe r e n c e to our m e ta llic reserv e v e ry m u ch as th e for years h av e b een w ary a n d co n se rv a tiv e in th e ir m e th
French p eo p le are; and though silver has decliued m a od s. Y e t n o u e th e less, a ll o f a su d d en th is c u r ren cy
terially and is not w >rth anywhere near what it is m in ted u n c erta in ty took o n a v ir u le n t fo r m , co n fid en ce w as d e
a t, w ith th e lim it p u t o n c o in a g e w e can ta k e ca re of stro y ed , c a p ita l fled a n d h id a w a y , a n d th e in d u s tr y o f
o u r silv er ju s t as easily as F r a n c e ca n , an d th a t m ean s th e co u n tr y w as forced to sto p w h ere it sto od .
W h it has rep eal d o n e ? I t ha3 m ad e reco v ery fr o m
w e sh a ll h a v e n o d ifficu lty w h a tev er in k e e p in g our
th e s ta te w e h a r e d escrib ed p o ssib le ; th a t is to sa y , it
d iv e r a t par w ith g o ld .
C h ief in te r e st cen ters r o w on w h at are to be th e has rem oved th e so u rc e o f th e c o n sta n tly -in c r e a s in g
r e su lts of th is c h a n g e . W h ile th e r e is no d iffere n ce o f irr ita tio n , a n d h e n c e h a s p e r m itte d th e r e tu r n o f
opinion in fin a n c ia l cir c le s as to its favorab le effect n orm al h e a lth y c o n d itio n s. T h is c h a n g e h a s a w id er
upon b u sin ess e n ter p rise, so m e th in k th a t reco v ery sw eep th a n so m e m ay a t o n c e r e c o g n iz e , a ffo rd in g r e lie f
w ill be m u ch lo n g er in d ev elo p m e n t th a n o th er s do. as it d oes to a ll co m m e rcia l a n d fin a n cia l m o v e m en ts
The emergency through which we have passed has been from d ifficu lties an d em b a rra ssm en ts w h ich h a v e b e e n
v ery sev ere, an d has e n ta ile d la rg e losses u p o n a g r ea t d e v e lo p in g d u r in g fifte en yea rs. W e ca n m a k e th e
n u m b er of in d iv id u a ls. O rd in a rily th e m eth o d o f re situ a tio n clea r by an illu s tr a tio n b e tte r th a n in a n y
h a b ilita tio n w ould be th r o u g h a lo n g p er io d o f r e a d o th er w a y. O ur ra ilro a d s, as ev ery on e k n o w s, are n o t
justment a d hquida ion. Bat there are two or three fin ish ed w h en th e y are first o p en ed . E v e n if th e y be f u lly
p h a ses o f th e s itu a tio n w h ich m ak e ou r ca se to-d av eq u al to th e w a n ts o f th e su r r o u n d in g c o u n tr y a t th e
so m ew h a t d iffere n t fro m th e s itu a tio n a t a n y o th er d a te o f c o n str u c tio n , th e y n eed to b e d e v e lo p e d year b y
•crisis. In th e first p la c e, a lth o u g h as said th ere h ave year th e r e a fte r , m u ch th e sa m e as th e m aca d am tu r n
b een numerous failures representing big assets reported p ik e fo llo w s as a n e c e ssity in th e lin e o f p ro g ress from th e
in v a rio u s parts o f th e c o u n tr y , th ese h ave n o t a t all co rd u ro y road w ay. V ic e -P r e sid e n t W uob w as rep o rted
b een ca u sed by geueral insolvencv, and have n o t devel a few d ays sin c e in on e o f ou r pap ers, w e fo r g e t w h ic h ,
o p e d a c o n d itio n o f g en era l in so lv e n cy . In d e e d , the as affirm in g th a t n o road w est o f B u ffa lo e x c e p t th e
str e n g th sh o w n by th e m er ca n tile an d fin a n cia l classes L ake S h o re h ad a * c o n tin u o iis d o u b le tra ck . I f to th a t
u n d e r th e severe str a in w h ich th e y h a v e b een co m - j sta te m e n t w e ad d th a t th e ro ad s s till fu r th e r w e st,
pelled to endure for so long a time is certainly remark esp ec ia ly th o se p a ssin g th r o u g h th e m ore u n s e ttle d
a b le . N o on e h as fo r g o tte n th e cu rren cy p rem iu m an d j d istr ic ts, are m u ch less c o m p le te in th «ir a p p o in tm e n ts
th e tro u b le an d ex p e n se it ca u sed a ll p eo p le a n d c o m th a n o th e r s, we h a v e a fa ir ly clear id ea o f th e s itu
p a n ie s w ith lo n g p ay ro lls. B u t w h a t has p roved f a r : a tio n . A s a r e su lt tb erb is h a rd ly a m a n a g em en t in
m ore tr y in g th an th a t is th a t p r ic e s o f m erch a n d ise th e U n ite d S a te s th a t d o es n o t e x p e c t to b orrow
a n d se c u r itie s d e c lin e d to an u n u su a lly low p o in t, m on ey ev ery y e a r, a n d th e m o st o f th e la rg er sy ste m s
p rop erty o f m a n y k in d s b e in g for a co n sid era b le tim e ; h ave a reserve su p p ly o f b on d s o f som e issu e for t h a t
a lm o st u n sa la b le at an y p r ic e ; th a t m a n u fa c tu rers j purpose w h ich in o r d in a ry tim e s c o u ld be p u t o u t
have b een coropidled to close their works, which never read ily and th e req u ired m o n e y o b ta in e d .
c a n b e d o n e e x c e p t a t a sa crifice, a n d so far as th ey | N o w to c o n d itio n s lik e th e se a p p ly th e effe c ts o f o u r
have k e p t op en or ren am ed o p e ra tio n s h a v e b ee n m a k silv er le g isla tio n a n d th e a c tio n o f th e rep ea l b ill. F o r
in g g o o d s a t a loss, or a t lea st w ith o u t p r o fit; fu r th e r th e la st th ree or m ore years UDdor th e in c r e a sin g ia more, daring the same period borrowing money except c e r tiiu d e as to th e sta b ility o f ou r m easu re o f v a lu e s,
o n b est co lla tera l or b est n am es h as b een fo r m o n th s th is m a tter of b o rro w in g m o n ey b y ra ilro a d co rp o r a
im p o ssib le.
tio n s has b een g r o w in g m ore an d m ore o n ero u s. O f
T h ese c o n d itio n s, w h ich are o f gen era l a p p lic a tio n , co u rse th e roads in b est c o n d itio n an d n e e d in g m o n ey
h a v e o f co u rse e n ta ile d largo lo sses, h ave d istu rb ed lea st co u ld g e t it o n e a siest term s. B u t a lm o st a ll
c r e d it, m a k in g len d ers v ery critica l an d d isc r im in a t m a n a g em en ts h a v e e c o n o m ize d th e a m o u n t o f w ork
in g , an d ca u sed g r e a t a n x ie ty . Y e t w h a t is a m ark ed d o n e as far as p o ssib le, and to m ee t th e n ecessa ry
a n d d is tin c tiv e fea tu re is th a t all th is has b een m et ex p en ses h a v e m ad e tem p o ra ry lo a n s so as n o t to s a c r i
a n d p assed th r o u g h , a tte n d e d w ith th e fa ilu r e o f very fice th eir b on d s, h o p in g a ll th e tim e f o r a b etter m a rk et.
few important firms or manufacturing corporations T h is is th e h isto r y o f th e c o m p a n ies th a t h av e la te ly
and without leaving any apparent semblance to a Btate g o n e in to r e c e iv e r s’ h a n d s; b u t w h at is s till m o re
o f b a n k ru p 'cy or ev en o f g en era l w eak n ess an d em b a r im p o rta n t is th a t em b a rra ssin g flo a tin g d eb ts h av e f o r
rassment, Tnis is evidenced not only by the character of so m e tim e fo rm ed a serio u s fe a tu r e in th e a c c o u n ts o f
th e fa ilu r e s referred to b u t by th e lig h t d em a n d fo r ac very m a n y o th e r sy ste m s, and th a t all im p r o v e m e n ts o n
commodation in the lime-money and commercial-piper all th e roads c h a rg e a b le to c a p ita l a c c o u n t h a v e b e e n
m a rk ets. B u sin ess affa irs in d e e d seem in m u c h th e m in im iz e d .
sa m e p o sitio n th e traffic m o v e m en t o f th e co u n try
T h e p o in t wo w ish c h ie fly to d ir e c t a tte n tio n to
would be in were oar railroads suddenly forced to stop is th a t th ese tro u b leso m e d eb ts a n d th is forced,
r u n n in g ; th e tra ck s w e m ay a ssu m e are n o t o u t o f eco n o m y in e x p e n d itu r e s— th e d ir e c t r e su lts o f t b e s ilv e r
o rd er, th e em p lo y ees are on h a n d , th e cars an d o th er le g isla tio n an d o f th e cu r ren cy in s ta b ility w h ic h th a t
appurtenances are in excellent shape for the resump le g isla tio n has ca u se d — h ave in turn a cted so as to p ro
tio n o f w ork, th e o n ly d ifficu lty b e in g in th e co n d itio n d u c e th e low 3tate o f th e ir o n m a r k e t d u r in g la te y ea rs.
th a t a force o u trid e th e road s has for th e tim e u tterly T o be su re th ere h a s b een g r ea tly en la rg ed p ro d u ctio n
b lock ed l he m o v em en t. W ith re fe ren c e to th e b u sin ess o f iro n , b u t th e co n su m p tio n fo r o th er th a n ra ilro a d
dislocation the country has just been experiencing, the p u rp oses has b een so in crea sed th a t Btocks o f iro n hava
44
THE
CHRONICLE.
b een kept in moderate proportions without the ordinary
railroad demand. Suppose now, since the stability of
our currency has been established by the repeal bill,
that our railroads should be able to place their bonds
at a fair price, and consequently be relieved of their
floating debts and become more free in their expendi
tures, furthermore that railroad building should also
assume larger proportions—all of which under the new
conditions is probable in the near future,—what may we
anticipate would be the effect on the iron market ?
We need not pursue this thought further. What
we have said with reference to our railroads
was only intended as suggestive of the general
trade situation. We have cited that department
of our industries because it so clearly illustrated
the common embarrassment and because it now
promises to be a fruitful agent in the recovery
which the facts we have given and the success of
the repeal measure assure us is in prospect. It is
late in the season for railroad work to begin, and
hence the action of this influence cannot be immedi
ate—a condition which it should be remembered is
also true ifc great measure of other important depart
ments of industrial enterprise. But judging from
the situation of business affairs when the year 1893
opened, from the peculiar situation since, from the
fact that it has been silver which in the meantime
has blocked the way to prosperity, we do not think it
is too much to say that by the middle of January evi.
dences of better conditions will begin to multiply and
will increase rapidly in later months.
Some urge that because Europe is not in a prosper
ous state we must continue in the valley too. The
special depression in Europe now is largely due to the
condition of affairs here. Our purchases in Europe
have of late been phenomenally small. As evidence,
look at our Government revenue figures published to
day, only 11 million dollars of customs dues paid in
August and less than an average of 12 millions the
last three months. Trade revival will start in America
and will be taken up and responded to by trade revival
in Europe. That is not a prophecy, it is merely the
teaching of modern industrial history.
THETREASURYSITUATION.
Among the Treasury exhibits for October, issued
this week, and which we give as usual on a subsequent
page, the one which will attract most attention is the
record of #the Government revenue. Those figures are
important for several reasons. In the first place the
large loss which they show helps to explain the loss in
cash holdings in the Treasury. They are also sugges
tive because they leave the presumption of a much
larger deficiency for the current fiscal year than was
anticipated. Then again they have this further signi
ficance, that they are indicative of the great contrac
tion that has taken place in business as a result of the
silver crisis.
This latter feature is perhaps most important of all,
for it not only affords as said a measure of business con
traction, but as the cause of that contraction is no
longer in operation it inspires the hope, and also as we
believe holds out the promise, that the revenue will be
larger again after a month or two. It seems that the
total receipts in October were only $25,618,000 against
an aggregate for the same month last year of $31,836,000 ; looking at the details we find that customs receipts
fell off $5,366,000 in that single month and internal reve
[V ol, LYIL
nue $1,418,000. Since the first of July,when the fiscal
year began, the customs duties have fallen off $18,655,000 and internal revenue $7,362,000. Now that the
silver purchase law has been repealed there seems
to be good reason for expecting an increase in both of
these items in future months. For a time trade will
only recover slowly of course; but even in November
and December, though they are months in which no
expansion in business operations but contraction is
usually looked for, a turn for the better is likely to be
recorded this year, while in January it is reasonable to
anticipate a larger degree of activity.
It is a noticeable fact in connection with this sugges
tion of larger Government revenue that the August re
turns were the smallest of any month this year; fur
thermore, that there has been a slight improvement each
month since August. This improvement, too, has
come from the internal taxes, the branch of Govern
ment receipts in which any business recovery would
first be felt; indeed, the increase of that item has been
much more rapid than the increase in the total. It
will be remembered that the House passed the repeal
measure by a large majority on August 28. In that
month the receipts from internal taxes were only $10,563,000—a smaller aggregate than the record shows for
any month since February, 1891; in September they
had risen to $11,469,000, and last month (October) they
reached the sum of $12,736,000. Although that is
a fair amount of receipts from that branch of the
service, we look for further growth as business expands.
This expectation is also warranted because of the addi
tional reason that the amount of spirits in distilling
warehouses is now much larger than usual, the accumu
lation being due to the fact that tax payments have
been deferred because of the depression in business.
Receipts from customs duties ought also soon to show
some expansion. They were only $11,000,000 in Octo
ber ; the nearest approach they have made to that total
during the last three years was in May, 1891, when
they were $11,616,000, that small aggregate in 1891
being due to abnormally large receipts of duties in
previous months in anticipation of higher duties on
certain articles going into effect about that time. Cus
toms receipts have averaged 15£ million dollars for the
ten months of 1893, and 16 million dollars for the same
ten months of 1892, and loj) million dollars for the ten
months of 1891. If our readers will compare those aver
ages with the 11 million dollars for October and with the
less than 12 million dollars for the last three months,
they will realize the room there is for additional cus
toms revenue. Possibly the prospective changes in the
tariff to lower rates may serve to check growth in
customs payments in some degree. And yet, even
allowing for that fact, it is not presumable that the
low total for October will be again repeated, while the
average receipts from duties for the remainder of the
fiscal year must run considerably above that. We have
no data for estimating with any accuracy future expen
ditures. There is though one important fact which has
been given out semi-officially; and that is that pension
payments have reached their highest figures, and have
probably begun a permanent decline. There has been,
we understand, some decline the past two months other
than the temporary savings from claims suspended.
Should the outgoes from the Treasury lessen for this
and other reasons, that—with the larger revenues which
as we have seen the resumption of business fully war
rants us to anticipate—would justify the belief that the
situation of the Treasury on the first of July, 1894,
J . November 4, 1893. J
THE CHRONICLE.
745
N o r can it be cla im e d th a t th e traffic o f th e sy stem
has n o t d e v elo p e d in a very p ro m isin g m a n n er. A n
in te r e stin g co m p ila tio n is g iv e n in th e rep o rt co m p ar
in g th e resu lts o f o p era tio n s for th e five years from
1 88 8 to 1892 w ith th e r e su lts fo r th e five years im
m e d ia te ly p r e c e d in g , a n d th is sh o w s very d ecid ed e x
p a n sio n . W h ile th e av era g e n u m b er o f to n s o f fr e ig h t
K m . l.
O ct. 1.
1893.
S tp t. L
m oved in th e ea rlier p eriod w as o n ly 2 ,7 2 2 ,1 3 9 to n s per
$
t
M m inm In T rm m n r 4a Sub-Treiuurk*—
*
Kw gold eoia and bailtdtt....................
9*1.009,123 93,582,172 §4,334.802 year, in th e la ter p erio d o f five years th e a verag e w as
8,415,883
8,466,495
Net sliver cola and bullion.. . . . . . . •«»»•-♦* ... fl.799.2S0
4 ,1 6 9 ,5 5 7 to n s p er y ea r, g iv in g an a verag e a n n u a l a d d i
1.916.000
2.491.841
Net IT. 8. T tm m r f m im , m l Jaly 1.4.1SOO. •. 4.4S1.719
2,483,968
0,252,110
tio n o f n early 14 m illio n to n s. T h e la te year rev ea led
N#t l#sral tender notes........................ . fl.4fl7.SSfl
7,815,481 11*506,788
Net aational b m Ssnotes .. . . . . . . . . . . . . . . . . . . . . . . 8,UT,587
a
fu rth er a d d itio n , th e to n n a g e h a v in g b een 4 ,6 0 7 ,4 7 5
12,887,14)3
Xt,7f»,§2fl ifl.tm n o
Net fraetioiml silver.....................
to
n s, as a g a in st 4 ,4 3 3 ,9 4 7 to n s in 1 8 9 1 -2 . T iie ex p a n
121,415,282
' T o t a l c a s h In s u b -ir e a s a r ie s , n e t . . . . . . . . . . I2fl,5&7,530 i i t m s i s
Aasonmt in imttonai banks............. ..... ... ifl.fl4A.60i 18,280,070 18,458,341 sio n is th e m ore n o tew o rth y sin c e th e re su lts are b ased
T o t a l e a s t * t o bm iks a n d s a b -t r e a s t ir le s ,H 0 Iii)3 ..a tl imjsmjm 137^873.023
41,513,938 35.579,332 on th e sam o m ilea g e or e x te n t o f road o p erated for a ll
O . d a c t o t h e r lia b ilitie s * iw t ~ .. . . . . . . . . . . . . . . 39,121,920
th e years. T h e p a ssen g er traffic h a s also g r o w n very
A c t u a l c a s h toaisito*............. .
107,m 9 U
108*875,633 102,294,291
d e c id ed ly , th e to ta l n u m b er o f p a ssen g ers ca rried , lik e
* Chiefly **m » b m v l n g officers* t m l & n m s N
N o w th a t silv er p u rch ases h a v e b een d isc o n tin u e d th e n u m b er o f to n s o f fr e ig h t m o v ed , b ein g fo r 1 8 9 2 -9 3
n o a n x ie ty w ill b e fe lt as to th e p o sitio n o f th e g o ld larger th an fo r an y p rev io u s year.
reserv e. W e a ssu m e th a t as soon as th e re v en u e re
W h at, th e n , is th e w eak p o in t in th e co m p a n y ’s c o n
c e ip ts im p ro v e M r. C a rlisle w ill see th a t th e 100 m il d itio n ? It is th is— th a t th e c o m p a n y h a s h ad v ir tu
lio n s o f g old is k ep t in ta c t. B u t a lth o u g h th a t is d e a lly n o way o f p r o v id in g m o n ey fo r n ew c a p ita l e x p e n
sira b le , an d d o u b tless w ill p rove a fa cto r in r e g a in in g E u d itu re s, e x c e p t o u t o f e a rn in g s, a p re d ic a m e n t in w h ich
ro p ea n c o n fid en ce , it h a s b eco m e a m in o r p o in t to -d a y . m an y oth er roads also fin d th em selv e s. O n th e basis
U n d e r th e new c o n d itio n s w h ic h th e su cce ss o f th e re o f th e la te year's in c o m e , as alread y sh o w n , th e c o m
peal b ill h as in tro d u ced , th e S ec r e ta r y co u ld a t an y p any h ad q u ite a la r g e b a la n ce o f n e t in co m e w h ic h
tim e o b ta in from th e N e w Y o rk b an k s all th e g o ld h e co u ld be u sed fo r th e p u rp ose m e n tio n e d . B u t, as it
n e e d ed . C o n seq u en tly th e lo ss o f 4 9 ,1 9 7 ,3 1 0 o f T rees h ap p en s, th ere is a p ro v isio n in th e secon d m o r tg a g e
u ry g o ld in O ctob er is o f n o sp ecia l m o m en t ex c e p t req u irin g th a t in te r e st on th e b o n d s secu r ed by th a t
th a t it sh o w s th e tren d o f affairs in th e p a s t and sh o u ld m o rtg a g e, b e g in n in g w ith th e co u p o n m a tu rin g in A p r il,
serv e as a w a rn in g for all fu tu r e tim e to th o se w h o 1893, m u st be paid in ca sh . P r e v io u sly su ch in te r e st
h a v e th o u g h t th ey c o u ld m ak e v a lu e by le g isla tio n . had b een p aid in scrip . T h e C o m m ittee o f R e o r g a n i
T h e fo r e g o in g s ta te m e n t w ill a lw ays h ave an h isto rica l za tio n , in 1 88 7, s tr o n g ly o b jec te d to m a k in g th is s e c
in te r e st as it clo ses th e o ld era an d m ark s th e b e g in o n d m ortga ge in te r e st a fix ed ch a rg e u p o n ea r n in g s,
n in g o f th e n ew .
b u t th e secu r ity h o ld ers b ein g str en u o u s, th e C o m m it
tee fin ally a n d a g a in st its b etter ju d g m e n t
1U E
W ESTERN \ E 11' YO R K d- P E N X . y ield ed th e p o in t.
It m u st bo e v id e n t n o w ,
SFLVAM A.
ev en to th e se c u r ity holder.-, th a t it w as very u n w ise to
T h o u g h th e W estern N e w Y o rk & P e n n sy lv a n ia is in sist on th e p ro vision in q u e stio n . T h e r e are, r o u g h ly ,
n o t a large sy ste m , th e e x p e r ie n c e th ro u g h w h ich it has 4 2 0 ,0 0 0 ,0 0 0 o f th ese seco n d m o rtg a g e b o n d s, a n d 3 por
passed d u r in g th e last few years is m u ch lik e th a t o f c e n t on th e sam e w o n ld ca ll fo r # 6 0 0 ,0 0 0 per year. A s
m an y sy ste m s w h ose m ile a g e is a g r ea t d ea l m ore it was ob v io u s th a t th e c o m p a n y was n o t in
e x te n siv e . In th e year e n d in g J u n e 3 0 , 1 89 3, for p o sitio n to m a k e s u c h a ca sh p a y m e n t a t p re se n t, th e
w h ich th e rep ort has ju s t b een fu r n ish e d , th e co m p a n y m anagers d ecid ed n o t to pay th e A p ril c o u p o n , and at
ea rn ed n o t over tw e lv e h u n d red th o u sa n d d o lla rs— th e sam e tim e an d for th e sam e reaso n th e y d eem ed it
4 1 ,2 0 0 ,5 1 8 . I f w e d e d u c t ta x es, ren ta ls an d in tere st e x p ed ien t to h ave th e p ro p erty p la ced in th e h a n d s o f
o n eq u ip m en t n o tes an d o n real esta te m o rtg a g es, o, receiver p e n d in g a re a d ju stm e n t o f th e seco n d m o r t
ev en th en th e n e t in c o m e sta n d s a t over a m illio n d o l g a g e in tere st, M r. D e O ou rsey, th e P r e sid e n t, b e in g
lars, n a m ely 4 1 ,0 2 4 ,1 0 6 , In te r e st o n th e first m o r t a p p o in ted su c h receiv er, a lth o u g h fo re clo su re u n d er th e
g a g e a n d prior lien s ca lled for o n ly 4 5 0 3 ,1 3 7 , le a v in g secon d m ortg a g e ca n n o t ta k e p lace till J a n u a r y 1, 1897.
a b alan ce o f $ 5 2 1 ,2 6 9 , an d sh o w in g th a t th e co m p a n y
T h e co m p a n y h as also su ffered fro m a d ra w b ack co m
h ad tw o d olla rs o f n et ea rn in g s for ev ery d olla r o f su ch m on to th e railroad sy ste m o f th e w h o le co u n try — th a t
ch a rg es. A n d y e t th e p ro p erty w as last A p ril p la ced is to say, w h ile d o in g a g rea tly in crea sed b u sin ess from
in th e h a n d s o f a receiv er and is s till o p erated by year to year it h as had to a c cep t ste a d ily d e c lin in g ra tes.
su ch receiver.
T a k in g a p eriod o f ten years, th e d o c lin e is fo u n d to be
T h o se n o t fa m ilia r w ith th e affairs o f th e com pany- large an d str ik in g , in 1883 th e averag e rea lized p er
m ig h t co n clu d e from th is sta te o f fa c ts th a t th e co m to n o f fr e ig h t p er m ile w as 1-065 c e n ts, in 1893 it w as
p a n y w as afflicted w ith a tro u b leso m e flo a tin g d e b t, to o n ly 0*555 cen ts. I n a w ord th e co m p a n y is n o w o b lig ed
w h ich so m an y o th er em b arrassed co n cer n s h av e been to m o v e fr e ig h t a t a rate b u t lit tle m ore th a n h a lf a
o b lig e d to co n fe ss. B u t a flo a tin g d eb t is ja st c e n t p er to n p er m ile as a g a in st o v er a c e n t p er to n per
w h at th e m a n a g e m e n t h a v e a v o id ed , w h ich m ark s a m ile in 188 3. In fa c t, in 1883 th e p r o fitp e r ton p e r in ile
p o in t o f d ifferen ce b etw een it an d em b arrassed p ro p er (0*52 7c.) w as n ea rly a3 g r ea t as th e p resen t gross ra te.
tie s gen era lly . T h e co m p an y has n o n o te s or b ills p a y G ould th e co m p a n y h av e o b ta in e d th e sam e p ro fit iu
ab le o u tsta n d in g . A c co r d in g to th e b ala n ce sh e e t, it 1893 as te n years b efo re, th ere w ou ld h a v e been n o
ow ed on J u n e 3 0 ,1 8 9 3 ,4 5 1 7 ,1 6 1 for w a ges an d su p p lie s, d ifficu lty m p r o v id in g for th e ca sh p a y m en t o f th e
a n d th e accru ed in te r e st on th e first m o rtg a g e an d prior seco n d m o rtg a g e in tere st. S p e a k in g o f th is d e c lin e
lie n s a m o u n ted to 4 2 4 8 ,8 9 1 ; b u t it h e ld a t th e sam e in rates, P r esid en t D e O on rsey says: “ Y o u r board
d a te 4 2 6 2 ,7 3 0 o f ca sh , a n d th ere was d u e it from c a n b u t re g ret th a t so lo n g as th e p re se n t
a g e n ts, co n d u cto rs, in d iv id u a ls, &o., 4 7 5 3 ,3 2 4 ,
low rates p r e v a il, its efforts fo r in crea sed b u sin ess,
w ill n o t b e n ea rly as u n fa v o ra b le as h a s b een e x p e c te d
o f la te.
T h e se c o n tin u e d sm a ll G o v ern m en t re v en u es a t a
tim e w h en d isb u rsem en ts are h ea v y o b v io u sly a c c o u n t
in g o o d p a r t fo r th e fu r th e r d e c lin e in ca.sh h o ld in g s
in O ctob er sh o w n by th e T rea su ry sta te m e n ts. W e
su b jo in ou r u su a l co m p a riso n :
THE
746
CHRONICLE.
e v e n th o u g h a tte n d e d w ith a fa ir m ea su re o f
su c c e ss, are n o t lik e ly to p ro d u ce a n y su b sta n tia l in
crea se in n et rev en u e. J u s t h o w a n d w h en r e lie f is to
c o m e is p r o b lem a tica l; all th a t c a n b e d o n e in th e
m e a n tim e is to c o n d u c t y o u r b u sin ess w ith a b so lu te
e c o n o m y , h o p in g fo r im p ro v em en t. T h e p re se n t fin a n
c ia l d istress, so g e n e r a l in th is c o u n tr y , fu r n ish e s n o
g r o u n d fo r a n tic ip a tin g im m e d ia te r e lie f, b u t ra th e r
a fea r th a t th e e a rn in g s o f y o u r co m p a n y w ill, in co m
m o n w ith o th ers, su ffer a d ecrea se in th e im m e d ia te
fu tu r e .'” U n d e r th e cir c u m sta n c e s i t is to b e h o p e d
th a t th e efforts w h ic h are n o w m a k in g to relea se th e
c o m p a n y fr o m th e o b lig a tio n to p ay th e seco n d m o rtg a g e
in te r e st, e x c e p t w h e n th e c o n d itio n s ju s tify su c h
p a y m e n t, w ill be su c ce ssfu l.
COTTON CON SU M PTIO N O F E U R O P E A N D
TH E WORLD.
F o llo w in g ou r u su a l c u sto m , w e h a v e o b ta in e d b y
c a b le a ll th e re su lts o f im p o r ta n ce c o n ta in e d in M r.
E llis o n ’s A n n u a l R e v iew o f th e C o tto n T ra d e , w h ich
w a s issu e d in L iv erp o o l on W e d n esd a y o f th e cu r ren t
w e e k , an d g iv e th e m b elo w . T h e ta k in g s b y E u ro p e a n
sp in n er s in actual b a les a n d p o u n d s d u r in g th e sea so n
o f 1 8 9 2 -9 3 co m p are as fo llo w s w ith th e fig u res fo r th e
tw o p r e c e d in g years :
October 1 to October 1.
Great B rita in .
C ontin en t.
Total.
F o r 1 8 9 2 -9 3 .
Takings by spinners.. .bales
2,893,000
3,885,000
6,778,000
463
Average weight of bales.lbs
483
473-7
Takings in pounds................. 1,411,896,000 1,798,912,000 3,210,808,000
F o r 1 8 9 1 -9 2 .
3,943,000
Takings by spinners., .bales
3,213,000
7,156,000
489
460
Average weight or bales.lbs.
472-9
Takings in pounds................ 1,570,966,000 1,813,378,000 3,381,314,000
F o r 1 8 9 0 -9 1 .
4,086,00'
7,663,000
Takings by spinners.. .bal^
3,577,000
Average weight of hales .lbs
464-6
453
478
Takings In nonndu . . . .
1,709.643,000 1,850,741,01 >• 3,560,384.000
I t w ill be n o tic e d th a t sp in n er s in G reat B r ita in
R a ve ta k e n th is y ea r 1 5 9 ,0 7 0 ,0 0 0 p o u n d s less th a n
la s t sea so n , an d th a t o n th e C o n tin e n t th e fa llin g off
h a s b e e n 1 4 ,4 6 6 ,0 0 0 p o u n d s. T h e a g g r e g a te ta k in g s
in th e w h o le o f E u r o p e h a v e th e r e fo r e d ecrea sed 1 7 3 ,5 3 6 ,0 0 0 p o u n d s, or 4 3 3 ,8 4 0 b ales o f th e a v era g e w e ig h t
o f 4 00 lb s. F u rth er m o re th e a g g r e g a te ta k in g s h a v e
b e e n m u ch less th a n in 18 9 0 -9 1 a n d 1 88 9 90, a n d sh o w
b u t a sm a ll in cr ea se o v er 1 8 8 8 -8 9 . W ith o u t g o in g
in to an y e x te n d e d ex p la n a tio n o f th e d ecrea se, suffice
i t to say th a t th e fa llin g off in G rea t B r ita in
is a lm o st w h o lly slscribable to th e sp in n er s’ str ik e , w h ic h
serv ed to re d u ce ilie a verag e w e e k ly c o n su m p tio n for
th e season to 6 8 ,9 0 4 b a les o f 4 0 0 lb s. ea ch , a g a in st 7 6 ,4 8 1 b a les o f lik e w e ig h t in th e p rev io u s sea so n . W ith
re g a rd to th e C o n tin e n t, a g la n c e a t th e a c co m p a n y in g
ta b le s c le a rly in d ic a te s th a t co n su m p tio n h a s in crea sed
a n d th a t th e lo ss in ta k in g s h as b een m ore th a n m a d e
u p b y a r e d u c tio n in m ill sto ck s. T h e w e ig h ts g iv e n
in th e ab o ve ta b le are o rd in a ry w e ig h ts, c o v e r in g all
v a r ie tie s o f c o tto n . T h e. a verag e w e ig h ts o f th e v a rio u s
g r o w th s fo r th e season o f 1 8 9 2 -9 3 , w h ic h w e h a v e also
h a d ca b led , w e r e : A m e r ic a n 4 77 lb s ., E g y p tia n 714
. lb s ., E a s t In d ia 4 0 0 lb s ., B ra zilia n 2 6 0 lb s ., S m y rn a
3 8 5 lb s. an d su n d rie s 176 lb s. T h e y co m p a re w ith
A m e r ic a n 473 lb , E g y p tia n 710 lb s ., E a s t In d ia n 4 00
lb s ., B ra zilia n 235 lb s ., S m y r n a 3 80 lb s. a n d su n d ries
1 9 7 lb s. in 189 1 -9 2 . I n 189 0 -9 1 th e w e ig h ts w ere 4 74
lb s ., 698 lb s ., 3 96 lb s ., 2 3 0 lb s ., 3 8 0 lb s. a n d 197 lb s.
r e sp e c tiv e ly . W h ile th e figu res as set fo r th ab ove
fu r n is h a p r e tty clear id ea o f th e r e su lts fo r th e year, a
b e tte r m e th o d o f d isc lo sin g th e r e la tio n s w h ich o n e s e a
I vol . L v ir.
son bears to a n o th e r is o b ta in e d by r e d u c in g th e b a le s
to a u n ifo r m size. W e h a v e d o n e th is in th e s u b jo in e d
ta b le, w h ic h co vers th e sto c k s h eld b y th e m ills, th e ir
ta k in g s a n d th e ir co n su m p tio n , in ea ch o f th e la st th r e e
yearn, all reduced to bales o f JfiO lbs. T h is sta te m e n t
en a b les th e read er to see a t a g la n c e th e c h a n g es in ea ch
ite m fro m sea so n to sea so n , b o th in G reat B r ita in a n d
on th e C o n tin e n t.
Bales of 400 lbs. each.
1892-93.
1891-92. ! 1890-91.
G reat B r ita in —
Stock Oct. 1 (beginning of year)
114,000
Deliveries during year.............. 3,537,000
145,000
3,943,000
104,000
4,274,000
Total supply for year........... 3.651.000
Total consumption for year. 3.583.000
4 ,'9 l,0 0 0
3,977.000
4,378,000
4,233,000
68,000
114.000
145.000
337,000
Stock Oct. 1 (beginning of year)
Deliveries during year............. 4,497,000
326.000
4,5 5,000
237.000
4,627,000
Total supply for year........... 4.834.000
Consumption during year... 4.576.000
4.861.000
4.524.000
4.864.000
4.538.000
337,000
326,000
Stock Oct. 1 (end of year).......
C ontinent —
Stock Oct. 1 (end of year).........
258,000
T h e totals fo r th e w hole o f
E u rop e for th e three-
years are as follow s (in bales o f 4 0 0 lb s.) :
&t. Britain and Continent.
1892-93.
18)1-92. ! 1890-91.
Stock Oct. 1 ..................................
451,000
Deliveries during year............. 8,034,005
471,000 . 341,000
8,481,000 8,901,000
Total supply............................
Total consumption.................
8,4^5.000
8,159,000
8.952.000
8.501.000
9,242,000
8,771,000
Stock Oct. 1 (end of year).......
326,000
451,000
471,000
O u r cable also gives the average weekly con su m p tion ,
in bales o f 4 0 0 lb s ., as follow s :
Consumption per Week.
1892-93.
Great? Britain................................
Continent........................................
foregoiD g
figures
tak in gs and con su m ption
1890-91.
76,481
87,0u0
81,346
87,250
68,964
88,000
156,904
Total........................................
The
1891-92.
163,481
o f course
relate
of
in
cotton
168,596
naerely to-
Grea t B ritain
an d o n th e C o n tin e n t. B u t a n y e x h ib it o f th is k in d
is p a r tia l if th e U n ite d S ta te s a n d In d ia are n o t i n
clu d ed . T h e r e su lts fo r th e U n ite d S ta te s w ere f u lly
set fo r th in ou r a n n u a l crop rep o rt issu e d in S e p te m
ber an d i t w as th e n d em o n stra te d th a t c o n su m p tio n o f
co tto n in th is c o u n tr y h a d d ecrea sed s lig h tly d u r in g
th e season o f 189 2 -9 3 o w in g to th e fa llin g off in d e
m an d fo r g o o d s in th e la st h a lf o f it. T h e re tu r n s fo r
In d ia h av e n o w rea ch ed u s a n d th e y in d ic a te a sm a ll
in crea se in c o n su m p tio n th e p a st y ea r. B r in g in g t o
g e th e r th e re su lts fo r E u ro p e a n d I n d ia an d a d d in g
th e figu res fo r th e U n ite d S ta te s , w e su b sta n tia lly co v er
th e w orld . B e lo w w e g iv e th e se re tu r n s c o m b in ed fo r
fifteen c o n se c u tiv e yea rs, a ll b ales b e in g red u ce d to t h e
u n ifo r m w e ig h t o f 4 0 0 lb s.
W o r ld 's
C o n s u m p tio n .
18787 9 ...
18798 0 ...
1880- 8 1 ...
188 1 -8 2...
18828 3 ...
18838 4 ...
18848 5 ...
18858 6 ...
18868 7 ...
18878 8 ...
1888- 8 9 ...
18899 0 ...
1890- 9 1 ...
1891- 92 . .
18929 3 ..
G r ea t
B r ita in .
U nited
C ontinent
S ta tes.
I n d ia .
T o ta l.
262.230 7,485,230
2.843.000 2,596,000 1.784.000
301,48* 8,382,480
3.350.000 2,750,000 1.981.000
371,400 9,017,400
3.572.000 2,956,000 2,118,000
389,600 9,424,600
3.640.000 3,198,000 2.19 ",000
44 7,40 > 9,946,400
3.741.000 3.380,000,2.375,000
520,700 9,810,700
3.666.000 3.350.000 2.244.0 '0
584.800 9,181,800
3.433.000 3.255.000 1.909.000
3.628.000 3.465.000 2.278.000
630,30 10,001,300
711.800 ]10,468,800
3,694,000 3,640,000 2.423.000
771,67<> 10,938,670
3.841.000 3.796.000 2,530 OOO
870,88o| 11,394,880
3.770.000 4.069.000 2.685.000
988,293' 12,015,293
4.016.000 4.280.000 2.731.000
4.233.000 4.538.000 2.958.000 1,155,3 2-'12,884,328
3.977.000 4,524,000 3,220,000 1,142,619; 12,863,619
3,*^H3.O00 4,^76,000'3,189 000 1.147,588* 12,495.588
Note.—The above does not include American cotton consumed in
Canada, in Mexico, and burnt.
Novembib
4, 1893, j
;t h e
c h r o n ic l e .
F ro m to e ab o ve w e see th a t th e d ecrea se in c o n su m p
tio n in 189 2-93 reach ed 3 6 8 ,0 3 1 b ales o f 4 0 0 lb s. each,
C o n tr a stin g th e first y e a r ' (1 8 7 8 -7 9 ) w ith th e la st
(1 8 9 2 -9 3 ) we fin d , h o w ev er, th a t th ere is a g a in in th e
a g g reg a te of n ea rly 67 per ce n t.
M r. E lliso n estim a tes th a t th e w orld w ill in 1 8 9 3 -9 4
n eed fo r its co n su m p tio n 1 0 ,3 5 7 ,0 0 0 bales o f 4 68 lb s.
averag e w e ig h t, m a k in g 1 2 ,1 3 1 ,0 0 0 bale3 o f 4 0 0 ibs.
ea ch , T h e estim a te m d eta il o f a m o u n t req u ired is as
fo llo w s, th e a ctu a l c o n su m p tio n for 1 8 9 2 -9 3 , 1891-9.2
an d 1890-91 b ein g in serted fo r co m p a riso n .
j estimated [
[O’ . s i m p ’ ,,
A c tu a l
1893-91.
1 - 9 .9 3 .
AmeifiMBi . . . . . . . . § . 1 7 7 , 0 0 0 1 7,400,000
E.i*c Indian.......... baie-j 1. 50. (ml 1.14 >,000
Sundries.................. b a le ,
*30,000 I. sihS.ooo
A c lu il
A c tu a l
1891-92.
1890-91.
8.218.000 7.-47.0 00
1.132.000 1.500.0 0
8 (8 ,0 0 0
890,000
T o ta l. ................. bale* 10.3 '.o O o 9.8M\DOO 10.1*8.000.10.217,001
Average w eight............ .J
» !;
i 0-39
407-81
4 S tS
Bale* o f 400 lbs.............. 12.131.0 O T l.401 .00 0 11 .92 2 ,i»m T l,8 3 ’ *.O0O
T h e resp ectiv e sh ares o f G reat B r ita in , C o n tin en ta l
E u ro p e and th e U n ite d S ta tes in th is 1 2 ,1 3 1 ,0 0 0 bales
is g iv e n b y M r. E lh so n as fo llo w s. T h e a c tu a l resu lts
for 1892-93 are ad d ed f.»r co m p a riso n an d w e h av e a lso
figu red o u t th e averag e w eek ly c o n su m p tio n in each
co u n try .
- T > l a l Cons um p/fcm -.
i s im aitd.
A ctu a l
IU s'? *» 1
Great Britain..........bales. 4 ,f» 3 00<>
1 tail .r,<l*3
3 .'8 3 .0 0 0
C ontin ent, .............. MAro
IT, 8 ., C an ad a , A e .batra
4 ,«S B ,0 o o
3 ,3 1 0 ,0 0 0
"Total........- ...................... 1 2 ,1 3 1 .0 0 0
- P e r W e ek , ------
-
K -iim n u d .
Art,m l
1883 0*. 18 ••••03.
4 ,5 7 6 .0 0 0
3 .3 * 2 ,0 0 0
8 0 ,4 4 2
6 8 .9 0 1
8 v ’<ro
63.840
ss.««)o
62 3 W
1 1 .4 0 1 .0 0 0
2 3 3 .3 8 8
2 1 0 ,2 4 0
W e h ave also received by ca b le M r. E lliso n 's estim a te
o f th e n u m b er o f sp in d le s in E u ro p e, A m e rica an d
In d ia d a r in g 1 89 3, an d g iv e it b elo w , a d d in g , for pur
p o ses o f co m p a riso n , th e figu res for th e p rev io u s th ree
years.
J'
Spindle*.
Great Britain.........
Continent ..............
United
Bm%. Indie* . . . . . . . .
T o ta l...................
i
1893.
4.4,270,0. <>
2*.850,000
15.«4J.00O
3,576.000
1892.
1891-
1890.
4S.39f.000 44.750.000 43,750,000
20.405.000 20.033.000 V4.375.O0O
15.27 *.000 1* 781.0-0 l(.5*.ri.m o
3.402,0*0 3.S31.000 3.27(1.000
a i ^ u '.o o o 90.434000
« n* 7 / <v» s-5* 1 4 *
T h is sh ow s an in crea se in th e s p iu m n g p ow er o t m e
w orld o f 9 0 3 ,0 0 0 sp in d le s, all th e co u n tr ie s e x c e p t
G reat B rita in sh a rin g in th e ex cess.
COTTON CON SUM PTION A N D O V E R L A N D
M O VEM EN T TO N O VEM BER 1.
O u r u su al m o n th ly sta te m e n ts o f o v erla n d m o v e
m e n t, re ceip ts, ex p o rts, A c ., are p resen ted b elo w .
T h e c o m p ila tio n s em b ra ce th e p er io d from S ep te m b er
1 to th e clo se o f O ctob er, th u s fu r n is h in g th e resu lts
fo r th e firsttw o m o n th s o f th e c r o p sc a so n . T h e w eath er
co n d itio n s h av e b een very favorab le on th e w h o le for
th e g a th e r in g an d m a rk etin g o f th e crop , and th e
a m o u n t b r o u g h tin to rig h t d u r in g th e m o n th h a s been
1 ,6 3 2 ,8 2 3 babes a g a in st 1 ,4 6 3 ,0 6 7 b a les In 18 9 3 . F o r
th e tw o m o n th s th ere has c o m e in to B ight 2 ,1 4 4 .0 9 6
bales a g a in st 1 ,9 8 7 ,6 1 9 b ales a year ago , 2 ,8 5 3 ,1 3 7
b ales in 1891 an d 2 .5 8 4 .0 3 3 bales in 1890.
OVERLAND
M OVEM ENT
FOB
OCTOBER.
'747
F o r th e sea so n to d a te th e n e t is co n sp ic u o u s as b e in g
less th a n in au y y ea r sin ce 1882, o n ly e x c e p tin g 1 8 8 4 ,
w h en th e to ta l w as 9 8 ,2 7 4 b ales. T h e d eta ils o f th e
w h ole m o v em en t o v erla n d fo r th ree years are a p p e n d e d OVERLAND FROM SEPTEMBER X TO NOVEMBER 1.
1393.
1892.
Shipped to mills, not Included a b o v e ...
60,661
32,019
1)80
1.405
10,013
12,603
10,799
2,270
53.990
27,599
38,630
699
21,219
11.214
14.974
2,334
108.791
59,897
45.243
2.532
38.334
28,580
36.514
2,487
Total gross ov erla n d ..........................
130,682
170,639
322,328
13.567
2.135
509
2.398
4,070
180
1,451
167:
2,736:
18,990
2,735
3.159
2.961
334
3,216
175
2,4 94
27.975
15.907
319
5.142
17,067
319
4,712
16S
2,531
4 m o u n t sk ip p e d —
Via St. Louis................. .............................
Via Cairo........................ ............ ..............
Via Hannibal............................. „ .............
Via E v a n s v ille ....... ........................ .
Via Louisville ..........................................
Via Cincinnati............................................
1891.
D ed u ct s h ip m e n ts -
Overlaud to New Verb, Boston, A a ..„.
Between Interior t o w n * .............. ..........
Galveston, inland and local m ills ,.....j
New Orleans.Inland and local m ills ...!
Mobile, inland and local lulUa............... j
Savannah, Inland and local mill*..........
Charleston, inland and local m ills.......
N. Carol’ s ports, inland and local mill*, i
Virginia ports. Inland and local m ills ..;
Total to be d edu cted.........................
32273
33.898
71,410
X#
9 -.4 0 <!
136,791
247,888
fpiui! » « t
... J
rut* t* »iu u i P i m i- - n iiip iisn it* t-n I'AM iuii, i i f n i l , < in.>u s i n c e
N ip te in tw r l In 1 - 3 3 a m o a n t e r i t o 8 , 9 9 2 b a l e * ; in 1 3 9 2 w o r e 7 ,t O S
b o le s a m t 18 1 8 8 1 w e r e 8 .0 3 7 b a le * .
RECE IPTS, EXPORTS A N D S P IN N E R S ’ T A K I N G S .
P o rt receip ts in O cto b er, as on r w eek ly sta te m e n ts
h ave cle a rly in d ic a te d , record an in crea se over th e sa m e
m ou th o f 1892. T h e y h ave rea ch ed 1 ,3 1 1 ,2 7 9 b a les
th is year, a g a in st 1 ,1 3 5 ,4 7 3 bales la st year an d 1 ,5 3 2 ,426 bale3 in 189 1. F o r th e tw o m o n th s th e g a in o v er
a year ag o is 1 4 7 ,8 5 9 b ales, an d in th is in cr ea se a ll th e
im p o rta n t p orts e x c e p t G a lv esto n an d O n a rlea to a
share to som e e x t e n t It w ill be n o tic e d , h o w ev e r,
th a t th e g r ea test g a in has been a t X e w O rleans. F i r e ig u ex p o rts h a r e b een q u ite sa tisfa c to r y in v o lu m e
d u r iu g t i e m o n th , and h av e reach ed 7 2 0 ,9 4 7 b a les,
ag a in st 6 0 8 ,3 9 1 b ales la st y ea r a n d 8 5 0 ,0 4 6 b ales in
1891.
from
$*p l i, u m , to
N or. 1. Wtt
■J»lT«tOO.......
veisseo. **...
Sow Orleaii*.
Mobile..............
-anuinsh.........
Brnnswlelt, i t
iJa»n«»ton......
Port RojalJtc
wilnunirum....
Wa*hinict'a,£c
VorfnUt........
W««t Point...
Newp’tNews.io.
Sow York,,.,*.,
8o*to*t...........
Baltimore,.,....,
PbltadeifihtA,ic.
Itrcripf HfcripU EXPORTS SINCE .HUT. 1 1888 TO- Stock*
fine*
Oct, 81,
Sept, 1 Si.pt, 1 Great Fraud, Otml4TutaL
im
im
Britain'
um .
nm t.
sum s
10 «r*
4m .tm
m,m\
4 ,««*
m e ,m
m m i
tv;m o
n jm
m m
4S.-V#
w
iw ,m
n ,m e
183.551
11
62,4; 0
111
74.-74'
Total UWI.........
I23.1W*
63,23*
83.855
8.S4H
22,743
17jsm
23,037 171,314 157.794
5.570
5.57«»
4,100
58,; 20 214,876 235,1*03
27,181
I&079
oa.om
■vwo
6,475
\s,m2
s jm
si,«09
.....
350
183.680
11,978
57.408
18.9*2
30,427
135.815
5.000
70 206
11,391
57,575
13.413
937
18“.816
10.500
17.630
7.573
mt.mt
#58
Urn,
mi
67.-01
2,006
9,943
5.348
10,753
s&sm
, m
4,4 m
16,11#
2.1114
27
Total 18V8...... 1.C-S.8N*
Total 1882..,*.
23.736
9.991
354,017 33S.H"
1*9744
118,041
17, 77
416,257
IM dS tS
562,406
...... :2|*fel.*49 680.241
4,250
2,033
......
.....
43,203
1,782
20,083
421
959
115.260
28.710
44,235
3>5
122,688 301*277 874.884
68,116 210**20 841.351
30,293
#81.1S8
055,157
123,763 247,035 1,051.041 1.188,122
> t o i(in C h a n n e l.
Using the facta disclosed by the foregoing statements!
we shall find that the portion of the crop which has
reached a market through the outports and overland,
and the Southern consumption, during October this
year and the two previous years, is as follows.
T h e m a rk etin g o f c o tto n b y rail d a r in g O cto b er has
b een ra th er re stricted , th e gross total r e a c h in g b u t
106,721 b ales, a g a in st 1 3 8 ,4 3 2 b ales la st y e a r an d 2 7 3 ,769 bales in 1891. T h e m o v e m en t via S t. L o u is an d
1891.
1893.
1892.
C airo sh o w s an in crease, b u t th e fa llin g off v ia H a n n i
bal has been very g r ea t. F o r th e tw o m o n th s th e R e c e ip t s a t th e p o r t * t o N o r . 1 .........b a le s . 1 .6 8 8 ,6 8 7 1 ,5 4 0 .8 4 8 2 .2 0 9 ,2 4 9 Net snip mente overland during same time
1 3 0 .7 9 1
9 8 .4 0 9
2 * 7 .8 8 8
groas has been 1 3 0 ,6 8 2 baler, a g a in st 1 7 0 ,6 8 9 bales in
T o t a l r e c e i p t s ................................... b a le s . 1 ,7 8 7 .0 9 6 1 ,0 7 7 ,6 1 0 2 .4 5 7 ,1 3 7
1 89 2 and 3 2 2 ,3 2 3 bales in 1801. T o e net fo r th e m on th * o * t h e r n c o n s u m p t i o n s i n c e S e p t e m b e r X 1 3 2 .0 0 O 1 •8 .0 0 0 1 1 1 ,0 0 0
also record s an ap p recia b le fa llin g o ff from la st y ea r,
T o t a l t o N o v e m b e r 1 . . .......... . . b a l e s
1 ,0 1 9 .0 9 6 1 .7 *5 .6 1 9 2 ,5 6 8 .1 3 7
h a v in g been b u t 8 5 ,5 4 4 baler, a g a in st 1 1 2 ,8 4 5 bales and
T h e a m o u n t o f c o tto n m a rk eted sin ce S e p te m b er 1
2 1 6 ,7 7 9 bales resp e ctiv ely in th e tw o p ro co d in g years. in 1893 is th u s seen to be 1 2 3 ,4 7 7 bales m ore th a n iix
THE
748
CHRONICLE.
[V ol . LV II.
1892 and *649,041 bales less than in 1891. To with the same period of last year, the average this
determine the portion which has gone into the hands of year being 499-71 lbs. per bale, against 506‘56 lbs. per
Northern spinners during the same period we have bale for the same time in 1892 and 507-43 lbs. iD 1891.
THE DRY GOODS TRADE DURING OCTOBER.
prepared the following:
Total receipts to November 1,1893, as above............. bales. 1,919,096
The
course of the market throughout the month has
Stock on hand commencement ot year (Sept. 1,1893)—
shown
a monotonous day-to-day demand for all kinds
A t Northern ports................................ 151,524
At Southern p orts................
91,747— 243,271
of
staple
products for the home consumption, a well
A t Northern interior markets
.......... ...........
6,747— 250,018
sustained business for export in brown and colored cot
Total supply to November 1,1 89 3 ..................................... 2,169,114
tons being the most favorable feature in the whole
OI this supply there has been exported
situation. The prolonged delay in settling the silver
to foreign ports sinceSept. 1,1893 — 873,222
Less foreign cotton included_______ _
2,7 4 3 - 870,479
question was a hampering influence, confining opera
6,992
Bent to Canada direct from W est........................
tions for the present season to purely consumptive
15
Burnt North and South..........................................
Stock on hand end of month (Nov. 1,1893)—
requirements, and retarding very materially all prepa
AtNorthem ports............................... 196,569
rations for spring. Despite this the tone has ruled
At Southern p o rts...............
737,917— 934,486
7,102- 819,074 generally steady, and changes in prices have been un
At Northern interior markets............... .............
7,102—
Total takings by spinners since September 1,1 89 3...............
350,040 important. Weakness has been visible in some quarters
Taken by Southern spinners......................................................
132,000
218,040 where a desire to close out stocks was an incentive, but
Taken by Northern spinners since September 1, 1893 ..........
Taken by Northern spinners same time in 1 8 9 2 ....................
299,534 on the other hand there has been a slight appreciation
Deorease in takings by Northern spinners this year., .bales.
81,494
the value of certain brown sheetings and drills.
The above indicates that Northern spinners had up in
While
demand has been on a quiet scale, resump
to November 1 taken 218,040 bales, a decrease from the tion of the
work
the mills has also been slow, and any
corresponding period of 1892 of 81,494 bales and a de increase in thebyoutput
of goods has failed to become
crease from the same time of 1891 of 263,309 bales.
visible through any accumulation of stocks in first
AMOUNT OF CROP NOW IN SIGHT.
hands. These are generally reported much below nor
In the foregoing we have the number of bales which mal in the aggregate in this market, and are considered
has already been marketed this year and the two very light throughout the country. Prints and ging
previous seasons. An additional fact of interest is the hams have been quiet in fall lines, and in neither has
total of the crop which was in sight on November 1, business for spring more than made a beginning,
compared with previous years, We reach that point although usually large engagements have been booked
by adding to the above the stock remaining at that date during the month of October. Print cloths have
at the interior towns less stock held by them at the fluctuated between 2fc. and 2£c., closing firm at the
beginning of the season. In this manner we find the latter price for 64x64 28-inch cloths.
result for three years on November 1 to be as follows :
1892.
1893.
Total marketed, as above— bales.
Interior stocks in excess of Sept. 1.
Total In sig h t...............
1891
1,919,096
225,000
1,795,619
192,000
2,568,137
285,000
2,144,096
1,987,619
2,853,137
This indicates that the movement up to November 1
of the present year is 156,477 bales more than in 1892
and 709,041 bales less than in 1891.
As it will interest the reader to see what has come
into sight each month of the season during this and
previous years, we have prepared the following, which
shows the movement for the last four seasons.
M onths.
1893.
1892.
1891.
September...........
October................
511,273
1,632,823
522,552
1,465,067
826,932
2,026,205
860,274
1,723,759
Total 2 months.
Balance season...
2,144,096
1,987,619
4,729,523
2,853.137
6,185,570
2,584,033
6,071,485
6.717.142
9,038,707
8.655,518
Total crop......
1890.
WEIGHT OF BALES.
To furnish a more exact measure of the receipts up to
Nov. 1 we give below our usual table of weight of bales.
We give for comparison the figures for the same time
in the two previous years.
Two M onths E n d in g N ov. 1. 1893
Sam e
Sam e
p e r i ’d in p erV d ir.
1892.
N u m ber o f
Bales.
i..
2..
3..
4..
5..
6..
7..
75s
7^8
7laie
7%
778
71016
2-82
2-75
2'75
2-75
2-75
2-75
9..
10..
11..
12..
13..
14..
15.
16..
17..
18..
19..
20..
7n>16
7%
71o16
71*16
71*16
8
2*75
2-75
2-88
2-s8
2-88
2-88
8k5
Ski
8%
8%
8%
2 1 ..
2 2 ..
2 3 ..
2 4 ..
2 5 ..
2 6 ..
8
2-88
2-88
2-tt6
2-86
2-86
2-82
ft..
Sheet
in g s,
sta n aa rd .
...8...
6*,
6*3
6ia
6ia
6ia
6ia
1892.
L a n S'th'n
caster 3 -yd.
g in g sheet
ham s. ings.
6
6
6
6
6
6
..,8 ...
71*16 2*82
71*16 2 -8 8
2 -8 8
7 7e
73t
2 -8 8
2 -8 8
27.. 73t
2 -8 8
28.. 7%
2 9 ..
1893.
5H
5H
OI4
5M
5M
5M
6ia
6ia
6ia
6k
6*3
6ia
6
6
6
6
6
6
514
bH
514
5*4
5*4
514
6ia
61,
61,
6k
6k
6ia
6
6
6
6
6
6
5*4
5H
5ti
5%
54
5*,
...8...
...8...
6k!
6ki
6k
6k!
6ki
6ia
...S ...
6
6
6
6
6
6
5H
5M
5*4
5*4
0l4
5*4
OotVn P rin tlow 1 in g
m id- cloths,
d lin g . 64a;64
7H
3-50
7%
77I6
7*16
71116
7=8
7$i
3-50
3 50
3-50
3-50
3-50
3-50
7=8
7=8
3'50
3-50
7»16
7916
7»16
3*50
3-50
3-50
7»16 3-50
71‘ 16 3-50
7 U i 6 3-50
7A316 3-50
71*16 3-50
7 78
7 7e
7 7s
71'16
7 73
7 78
3-53
3-56
356
3-56
3-62
362
Sheet
in gs.
stand
a rd .
Lan
caster
Ging
ham s
SW n
3-yd.sheet
in g s.
6k
7
519
6k
7
7
7
7
5k
5k
St,
...8 ...
6k
6ki
6k
6k
6k
5H
7
7
514
5k
6k!
6k
7
7
5 14
6k
6k!
6k
77
7
5M
5k
6k
7
7
7
5k
5M
ok
...8 ...
...EE..
...8 ...
6k
6k
6k
7
o t,
5M
5H
6 *a
7
5m
6k
6ki
6k
6*4
7
7
7
6k
7
514
5H
514
5M
5M
5M
...8 ,..
6k
7
7
6
30.. 7 k
2 -8 8
6k!
514
7
2 -8 8
6
3-68 6 k
5k
31.. 7Si
6ia
7$t
5H
The above prices are—For cotton, lo\
for printing oloths, manufacturers’ net prices; for sheetings, agents’
prices, which are subject to an average disoouut of 5 per cent, except
when otherwise stated; Southern sheetings net.
1891.
Weight in
F ou n d s.
A vera g e A vera ge A vera ge
Weight. W eight. Weight.
365,780
482,402
63,881
386,337
143,728
162,023
65,969
248,976
191,024,947
239,994,995
32,451,548
191,047,510
70,426,720
78,411,031
32,370,988
123,268,018
522'24
497-50
508 00
494-51
49000
483-95
490-70
495-10
537-38
49990
51000
497 21
492*58
495 36
492-27
49640
533-25
499 80
512 00
498-90
503-76
490-71
514-15
50600
Total.......... 1,919,096
* Including Florida.
958,995,757
499-71
506 56
507-43
T e x a s ...............
(Louisiana.........
Alabam a..........
■Georgia*...........
•South Carolina.
Virginia...........
(North Carolina.
Tennessee, &o..
O
H
0 Oott’ n P rin t
W low
in g
H m
id cloths,
W
1 d lin g . 64s64
It will be noticed that the movement up to Nov. 1
shows a decrease in the average weight as compared
P A S S A G E O F S IL V E R R E P E A L B IL L .
The United States Senate on Monday, October 30, passed the
bill for the repeal of the purchasing clause of the 1890 silver
law by a vote of 43 to 32. The bill passed was in the form
reported by the Finance Committee of the Senate as a substi
tute for the House bill passed on August 28. On Wednesday
the House by a vote of 192 to 94 concurred in the amendment
of the Senate. W ithin an hour and a-half thereafter the bill
was signed by President Cleveland and thus became a law .
W e gave the text of the measure in our issue of August 19,
but reprint it here just as passed.
'‘B e it enacted by the Senate and.House o f Representatives o f
the United States o f America, in Congress assembled, That
so much of the act approved July 14, 1890, entitled ‘ A n A ct
November 4, 1893.]
THE CHRONICLE.
directing the purchase of silver bullion and issue of Treasury
note* thereon, and for other purposes,’ 33 directs the Secretary
of the Treasury to purchase from time to time silver bullion
to the aggregate amount of 4,500,000 ounces, or so much
thereof as may be offered in each month, at the market price
thereof, not exceeding $1 for 371’25 grains of pure silver, and
to issue in payment for such purchases Treasury notes of
the United States, be and the same is hereby repealed.
And it is hereby declared to be the policy of the United States
to continue the’ use of both gold and silver as standard money,
and to coin both gold and silver into money of equal intrinsic
and exchangeable value, such equality to be secured through
international agreement or by such safeguards of legislation
as will insure the maintenance of the parity in value of the
coins of the two metals and the equal power of every dollar
at all times in the markets and in the payment of debts. And
it is hereby further declared that the efforts of the Govern
ment should be steadily directed to the establishment of such
a safe system of bi-metallism as will maintain at all times the
equal power of every dollar coined or issued by the United
States in the markets and in the payment of debts.”
Approved November 1, 1893.
N E W Y O R K C L E A R IN G -H O U S E L O A N C E R T IF IC A T E S .
The last of the Clearing-House loan certificates outstanding
were retired this week, and at a special meeting of the Clear
in g -H o u se Association on Thursday Mr. Frederick D. Tappen>
the Chairman of the Loan Committee, presented the following
interesting report containing a record and history of the affair:
N ew Y ork , October St, 1893.
To the New Y ork C h a rin g - H ow e A u o e ia fio n :
The Loan Committee ot 1893 respectfully present the follow
ing report:
Early in June of this year, at an informal meeting of several
bank officers, the subject of the financial outlook was dis
cussed, and those present thought the situation was sufficiently
grave to call for some action by the Clearing-House Associa
tion.
74 9
It has been frequently stated, and feared by some, that theamount of certificates issued during the pr esent crisis was in
excess of the amount issued, in proporti on to the deposit®
held by the banka, during any previous panic. On examina
tion of the figures, however, we find that this has not been
the case, as in 1873 the deposits were $152,640,000, and loan
certificates $22,410,000, being 14‘7 per cent; in 1884, on de
posits of $393,575,300, certificates were issued to the amount
of $21,835,000, being 7*3 per cent; in 1890, on deposits of
$376,748,500, $15,205,000 certificates were issued, being 4 per
cent; in 1893, $374,010,100 deposits, certificates $38,280,000,
being 10'2 per cent. The greatest amount of certificates, in
proportion to deposits, waa issued in 1873. Had the same pro
portion of loan certificates been issued in 1893 as was issued
in 1873, the amount would have reached the sum of $35,000,000,
The percentages of loan certificates used in the payment o f
balance, have been as follows : In June 9 per cent,' in July
78 per cent, in August 93 per cent, in September 30 per cent,
in October nil, being a total of certificates used in the pay
ment of balance $299,373,000. The amount of interest paid
on certificates has been $535,518 33. The expenses of the Com
mittee for stationery, clerk hire, Ac., have been $562 27. All
of this work has been accomplished without loss to the
association.
The Committee take this occasion to express their thanks
for the courtesy shown by the Chase National Bank and the
First National Bank in allowing the Committee to use the
vaults in their banks to deposit the securities held by the Com
mittee. there being no suitable accommodations connected
with the Clearing-House for this purpose.
Full and complete statistics of the transactions had with
each hank by the Loan Committee will be filed with this re
port.
Respectfully submitted.
F. D. TAPPEN, Chairman.
E. II. P erkis *. J r ..
J. Edward Simmons,
Henry W . Cannon.
W illiam A. Nash,
Geo. G. W illiams, Ex -c
o.
W illiam S hrrkr, Secretary.
On the 14th of June a meeting of the Clearing-House Com
mittee was called. at which all the members were present,
After a protracted discussion it was moved that the following
Clearings by Telegraph.—Stock Ex- !.-.nge Clearing
be adopted as 'he opinion o f the Committee:
*•The Clearing-House Committee think it advisable to call a House Transaction*.—The subjoined statement covers the
meeting of the Clearing-House Association for Thursday, the j clearing* for the current week, usually given on the first page
15th instant, at twelve o'clock. The Committee will recom ; J the Chronicle, but which on account of the length of the
mend at that meeting an issue of loan certificates.”
This waa unanimously adopted, and in accordance with this i other tables is crowded out once a month. The figures are
action a meeting of the Clearing-House Association was held j received by telegraph from the leading cities. It will be
Thursday, June 15th, at twelve o’clock, fifty-eight (58j banks observed that as compared with the corresponding week of
being represented thereat.
I 1892 there is a falling off in the aggregate of 23*3 per cent. So
The President, Mr. Williams, stated that the meeting had
been called in order that tberecommendation of the Clearing- far as the individual cities are concerned, New York exhibits
House Committee having reference to the disturbed financial a decrease of 23*6 per cent, and the losses at other points are .
condition o f the country might be presented for action by the Boston, 14*9; Philadelphia, 83*3; Baltimore, 23 9 ; Chicago,
association.
28 4 and St, Louis. 15. The gain at New Orleans reaches 10*5
Mr. E. H. Perkins. Jr., Chairman of the Clearing-House
Committee, presented the views of that Committee, as above per cent.
expressed.
W&fc Ending November i .
Cl.XAKINOS.
After a protracted discussion, in which several member* of
Hstwrm by Telegraph.
the association participated, the following resolution was
1893.
ISM,
P er Cent..
unanimously adopted :
*522,333,2r 8
-2 3 -a
S ®w York .................. .
f6 8 i, 130,018
“ R em ixed. That a committee of five be appointed, with the Boston ...» *...... ..
-1 4 -9
106,800,000
00,087,829
President to receive from hanks, members of the association, PlUliKiolpMa.
70,730,109
-3 3 '3
51.1H.0S4
bills receivable and other securities to hr- approved by said RelUmore..........................
14,076,800
-23*9
10,643,818
—22*4
committee, who shall be authorized to issue therefor to such C h icag o...... ....................
80,384,787
103,608,000
-15*0
depositing banks loan certificates bearing interest at the rate H|» Loqi« . . . . . . . . . . . . . . . . . . . . .
17,413,121
20,407,630
+10*5.
8.024,961
8,077,380
of 6 per cent per annum, and such loan certificates shall not New Orleeeo*.................. .—
be in excess of 75 per cent of the market value of the securi
—22*
*781,001,079
*1,012.020.778
8eTen elite*, 5 « * , » .......
ties or hills receivable so deposited, and such certificates shall Othor ctHes* 5 d a y # ......—...
-22*1
135,678,897
173.901,418
be received and paid in settlement of balances at the Clearing-22*8
*1,188,883,194
*910,579,978
Total nil Mites, S flay* ...
House; and all the rules and regulations heretofore adopted in
-20*4
106,317,280
224,578,700
the issue a t loan certificates shall be in force in the present All cities, 1 day......... ...........
issue."
-3 s a
*1,41!,480,984
Total *11 ettiee for week,. *1,081,807,302
The President, Mr. Williams, appointed the following g e n
* Saturated.
tlemen as the Loan Committee: Mr. F. D. Tapnen, Mr. E. H.
Another table, our usual monthly detailed statement of
Perkins, j r „ Mr. J. Edwards Simmons. Mr. Henry W . Can transactions on the various New York Exchanges, has also been
non, Mr. William A. Nash and Mr. George G. ’ Williams, crowded off of the first page. The results for the tea months
President ex-officio.
of the current year are, however, given below andfor purposes
The Loan Committee met immediately after the adjournment of comparison the figures for the corresponding period of
of the association. June 15. and organized by the selection of 1892 are also presented.
Mr, Tapper: as Chairman and Mr. Nash as Acting Chairman
in the absence of Mr. Tappen. The form of certificate to be
Ten Months, 1802.
Ten Month), 1893.
used and the necessary blanks were adopted, and the Man O ttm rU en. Par Value
Par Value
Actual
Actual
ager was requested to have the same prepared for use. The
Value.
or Quantity \ Value.
W
, or Quantity.
first issue of certificate* under the above resolution, $2,550,000,
>atr.
3took
jn-j
f
f
H
'i
C
M
>
"i
i
809413M
08 028
was made on June 17. The first cancellation of certificates,
RR* bond#..
S.71 7.910 7!2*8
7T0
t<> thu amount of $100,000. took place on the 6th day of July. O
115-0
o r t bond*
650
llb*5S
The committee have met daily up to the present time, and have 3tat* bonds.
. .1.231
. . /2i* «*t
16 a
*1(1>19,30O ♦
150-9
1
p m M & ll.0o0.H0.155*
......
held 105 meetings, The aggregate amount of certificates is- Bankstocks!
: 14,320183330
M«d waa $41 ,490,000. The greatest amount outstanding was
Total.. fri830*00720j11^)731808 i lu*S
$38,280,000 on August 29. and continued at that amount until PetTm.bbls 7,972.000 U $ W M S P!
bis. WMfJpOO'ft,07 0lSolilo I l i 'S i ( 29,&;i3,000 ..S O M * I
September 6 The amount of collateral received by tne C >m- Cotton,
50.008474 71 0-100 1 , 4 2 1 , 0 1 0 , ?1,18>354573
Grain, bo*h. 1 ,1100,007049
!
tni’ tee, in around sum, was $58,006,000, 72 per cent, or $49.- Total TRlue!
i10,741500701
40,617090029
000,009, being in bills receivable; 28 percent, or $18,000,000.
The transactions of the Stock Exchange Clearing-House*
being in stock# and bonds. The total number of pieces de
posited with and examined by the Committee was 11,029. from October 28 down to and including Friday November
Four thousand and forty-nine pieces were also examined as also the aggregates for June, July, August, September and
substitutions,
October in 1893 and 1892 are given in tabular form below.
THE
7 5 0
C H R O N IC L E
[Y o u LVII.
L
8TOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
,— S h a r e s , b o t h
C le a r ed .
s i d e s .— .
T o ta l V a lu e .
M o n th —
J u n e .18 02.
July 1892.
A u g. ,189*2.
Sent ,1 8 9 2 .
O ct., 189 >.
5 m o s.. .
J u n e 1893.
Julv, 1893.
A u g . 189. .
Sept. 1898.
Oct.. 1893.
5 m os.. .
16.684.000
9.807.800
13.0! <8.4 SO
18.857 > 0 0
20.720.300
80.073.&80
17.190.700
19.685.700
17.569.400
16,09(1.300
19.604.700
90,070.800
*
1,041.048,200
699.313.200
977.588.000
1,268.000.000
1J-.58.733.000
5.314.677,400
1.016,900,000
1.100.000 i-OO
901,300.0* *0
«3r..400.000
1.17 .’ ,400.000
5.187,000,000
«— S h a r e s , b o t h s i d e s . — »
C le a r ed .
T o ta l V a lu e .
$
O e t. 2 3 . 1 ,0 5 1 ,G 00 7 4 ,5 0 0 ,0 0 0
it
.----------B a l a n c e s , o v e s i d e . ----------S h e e t
S h a res. V a lu e S h a res.
C a sh . C le a r ’d
*
94.566,700
74,18(5,100
107,386.900
128.663.50G
148.622.000
5 5 3 .4 2 5 /0 0
90,200.000
88.100.000
73.900.000
72. j 00.000
90.500,000
420,800,000
1.508.750
1.120.100
1.657.400
2.055.800
8.X2* 800
8.757.850
1,682,000
1.79' .300
1,470,20b
1.380.600
1.783,500
8,112.(500
$
1,433,971
974.700
1.801.600
1.697.506
1.761.400
7,169,177
1,789,800
2.752.500
2,329.200
1.988.000
2.043,1.00
10.903,700
5,885
5 ,S8r
6,188
0 /5 2
6,862
30.008
6.395
15
6.88*
f .056
6 683
31,931
,--------- B a l a n c e s , o n e s i d e . ----------S h a res.
< h cch
C a s h . C le a r 'd .
V a lu e . S h a r e s .
$
6 ,1 0 0 ,0 0 0
9 6 ,8 0 0
$
1 7 3 ,7 0 0
310
2 4 . 1 ,1 2 7 ,7 0 0
7 4 .0 0 0 ,0 0 0
1 0 0 ,2 0 0
6 ,0 0 0 ,0 0 0
1 3 5 ,9 0 0
327
it
25.
1 ,2 9 7 ,6 0 0
7 6 ,9 0 0 ,0 0 0
1 2 2 ,3 0 0
6 ,8 0 0 ,0 0 0
1 4 7 ,7 0 0
330
it
26.
1 ,4 9 5 ,6 0 0
9 5 ,9 0 0 .0 0 0
1 2 6 ,2 0 0
7 ,6 0 0 ,0 0 0
1 5 8 ,7 0 0
33 8
it
2 7 . 1 ,3 9 5 ,5 0 0
3 8 ,6 0 0 ,0 0 0
1 2 5 ,3 0 0
7 ,2 0 0 ,0 0 0
1 1 0 ,3 0 0
333
T o t . wfe. 6 . 3 6 8 , 0 0 0 4 1 0 , 5 0 0 , 0 0 0
5 7 ^ ,8 0 0
3 3 ,"0 0 .0 0 0
7 2 6 ,3 0 0
1 .6 4 3
W U a s t y r 5 ,7 b 3 ,3 0 0 3 9 6 .8 3 3 ,0 0 0
6 5 8 ,0 0 0
4 5 ,2 2 2 ,0 0 0
3 9 6 ,8 0 0
1 ,5 7 2
O c t. 3 0 . 1 ,6 6 0 ,3 0 0 1 0 1 ,4 0 0 ,0 0 0
** 3 1 . 1 , 3 4 7 , 0 0 0
8 5 .6 0 0 ,0 0 0
1 5 3 ,8 0 0
8 ,8 0 0 ,0 0 0
2 2 5 ,7 0 0
350
1 2 3 ,5 0 0
7 ,4 0 0 ,0 0 0
1 4 0 ,4 0 0
332
N ot.
1 2 3 .2 0 0
8 .1 0 0 ,0 0 0
1 8 1 ,0 0 0
344
9 1 ,9 0 0
5 ,8 0 0 ,0 0 0
1 3 7 ,0 0 0
32 i
6 8 ,8 0 0 ,0 0 0
8 5 ,9 0 0
5 ,3 0 0 ,0 0 0
1 2 7 ,6 0 0
322
T o t. w k . .6 ,7 1 4 ,7 0 0 4 5 7 ,3 6 6 ,6 0 0
o / 8 ,3 0 0
3 5 .4 0 0 ,0 0 0
8 1 1 ,7 0 0
1 ,6 7 1
W k la s t y r 3 ,7 0 9 ,2 0 0 2 4 9 ,0 0 0 ,0 0 0
4 2 ? ,4 0 0
2 9 ,3 0 0 ,0 0 0
3 1 2 .1 0 0
1 ,3 9 3
“
a
1 . 1 ,6 6 3 ,4 0 0 1 3 3 .4 7 5 ,6 0 0
2 . 1 ,0 0 2 ,9 0 0
6 6 ,0 9 1 ,0 0 0
3 . 1 ,0 4 1 ,1 0 0
D E B T STA TE M E N T OCTOBER Si, 189S.
The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business October 31, 1803.
IN T E R E S T -B E A R I N G
T itle o f L o a n .
I n t'r 'i
A m ount
P a y 'lt
Issu ed .
DEBT.
A m ount
R e g is te re d .
4Hs, F’n ’d L oan . 1891
C ontinued a t 2 p. c. Q . - M .
Is, F ’ded L o a n ..1907 « . - J
4a, R e f ’d ’g Certified. y . - J .
A ggrega te e x c l’d ’g
B'ds to P ac. R R .
O u ts ta n d in g .
C o u p o it.
T o ta l
$250,000,00<' $25,364,5001
740.871.200 488,7fc9.b50 $70,849,900
40,012,751
$25,364,600
559,009,850
04,690
1.030,883.950 5 1 4 .1 2 4 /5 0
585,039.040
70.819.90(1
D E B T ON W H I C H IN T E R E S T H A S C E A S E D 8 IN O K M A T U R I T Y .
_
T
^
^
S e p t e m b e r 30.
Fu nded L o a n o f 1891. m atu re d S ep te m b er 2 ,1 8 9 1 .. $ 0 4 4 ,0 0 0 Oo
Old debt m atured a t variou s dates prior to J an u
ary 1, 1861, an d o th e r item s ot d eb t m atured a t
variou s d a te s su bseq u en t to J anu ary 1 ,1 8 6 1 ......... 1,340,770 26
O c t o b e r 31.
$636,2t>0 00
1,33S 820 26
A b r o g a t e o f d eb t on w hich in te re st has ceased
atnce m a tu r ity ..................... .................................................. 11.984,770 26
$1,974,570 26
D E B T B E A R IN G NO IN T E R E S T
i-egal-tender n o te s ............................................................................................................$346,081,016 00
Old dem and n o t e s ............................................................................................................
56,647 50
National Bank notes:
The stocks cleared now are American Cotton Oil common.
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com
mon, Chicago & Northwestern, Chicago Rock Island & Pacific,
Delaware Lackawanna & Western, Distilling & Cattle Feed
ing, General Electric, Louisville & Nashville, Manhattan,
Missouri Pacific, National Cordage common, New York &
New England, New York Lake Erie & Western, Northern
Pacific preferred, National Lead common, Philadelphia &
Reading, Union Pacific and Western Union.
Redem ption accou n t........ .........................................................................
Fractional cu r r e n cy ............................................................... $15,276,438 62
Less am ou n t estim ated as lo st or d estro y ed ..............
8,375,934 0 1
-------------------------
21,295,714 25
6,900,504 62
A g g reg a te o f d eb t bearin g n o in te re st..............................................$ 3 7 4 ,9 3 2 ,8 8 2 37
C E R T I F IC A T E S A N D N O T E 3 IS S U E D O N D E P O S IT S O F C O IN A N D
L E G A L -T E N D E R N O T E S A N D P U R C H A S E S O F 8 I 0 V E R B U L L I O N .
In t h e
In
T reasu ry.
C ir c u la tio n
C l a s s i fi c a t i o n o f C e r t i f i c a t e s a n d N o t e s .
$115,800
7,7*7.27*
100,000
1,910,000
A g g r e g a te o f certificates.............................
A m ount
Issu ed .
$78,8-9,309
325,717.232
22,325.001«
150,818.582
$79,005,169
833,444,504
22,425.008
152,735,180
$ 9 > 5 9 ,?3 S $577,750,1*23 $587,609,661
R E C A P IT U L A T IO N .
C o n d i t io n
of
N a t io n a l
B anks
in
B o sto n
and
P it t s -
J. H . Eckels, Comptroller of the Currency,
has furnished us abstracts of the condition of the na
tional banks in the above-named cities at the close of
business on Tuesday, October 3. From them and from pre
vious reports we have prepared the following, which covers
the results for October 3 and July 12, 1893, and for purposes
of comparison the figures for last year (September 30) are
given :
C la s s i fi c a t i o n o f D e b t .
r u e g — Mr.
O c '. 3 ,
BOSTON.
N u m b e r ...........................................................................
18U3.
65
J u l y V i,
1893.
55
S e p t . 30.
1892.
55
(n tere st-b e arin g d eb t.....................
Debt on which in t. h as c e a s e d ..
Debt bearing n o in te r e s t ...........
A ggregate o f in te re st an d nonInterest bearing d e b t .................
Certificates and n o te s offset by
an equal a m o u n t o f cash in
th e T r e a su r y ....................................
T o t a l.............................................
L ia b ilitie s —
Capital stock paid in.....................
Surplus and undivided profits
Circulation ou tstan d in g............
D ividends unpaid.........................
In d ividu al d ep osits..................... .
O th e r deposits................................
D u e to banks and b a n k e r s ....
O th e r liabilities ............................
T otal.
.$221,262,939 $214,564,888 $234,985,373
$53,350,000
19,010.820
9.460,755
523,804
90,245, 02
270.186
41,083.602
6,712,470
■ R esou rces—
L oan s and discounts, including overd rafts
Stocks, bonds. A c ....................................................
D u e from reserve a g e n ts...................................
D u e from banks and bankers...........................
B anking house. fu<niture and f ix t u r e s ....
O ther real estate and m ortgages o w n e d ..
Gold coin and certificates...................................
Silver coin and certificates...............................
L egal tender n otes and certifl. o f deposit..
B ills o f other banks..............................................
E xchan ges for C learing-H ouse.......................
Current, expenses and ta x es p m d ..................
P rem ium s on United States b o n d s ...* .....
O ther resources........................................................
T o ta l.................................. .........
L ia b ilitie s —
Capital stock paid in ...................
Surplu s and undivided profits.
Circulation ou tstandin g...........
D ivid end s unp aid .......................
Individual deposits.......................
O th e r deposits
.........................
D u e to banks and bankers........
O th e r liabilities.............................
Total..
$53,100,000
19,001,323
4,987,760
1,205.391
104,725,915
204,359
51,067,687
642,935
$221,262,939 $214,564,888 $234,985,373
O c t. 3,
P IT T S B U R G .
N u m b er.........................................................................
$53,100,000
26,079.190
6,590,470
38,325
89,711,636
220.872
36.956,918
0,807,477
J u l v 12,
1893.
29
1893.
29
$35,966,479
4,874,428
2,474,894
1,038,812
2,881,520
940,070
3,079.293
933,547
1,993.206
233,216
2,330,833
2*2.874
262,543
348,275
$39,924,226
4.313,970
2,673,827
1,711,248
2,939,864
689,232
1,024,904
208,035
1,571.776
71,227
206,319
371.' 92
S e p t. 30.
1892.
26
$40,042,770
3,928.081
4,705,267
2.460,245
2,700.003
055,282
3,343.930
740,003
2,892,604
302,729
2,012,030
230,657
172,120
306,240
$58,209,990
$00,043,320
$64,918,693
$11,640,000
8 /4 3 ,5 0 4
2,897.587
79,046
29,049.574
334.867
4,139.447
1,225,975
$11,460,000
8,448,132
2,320,340
150, 20
31,008,069
202,723
5,004,793
1,368,743
$10,900,000
8,172,372
1,540,020
70.535
35,780,979
205,177
8,099.610
9d,OoO
$58,209,990
$60,043,320
$64,018,693
S e p t e m b e r 50.
In crea se or
1893.
1893.
D ecrease.
$
685.039,040 00
1,974.570 20
374,932.882 37
*
585,037.740 00
1,984,770 26
374,364,264 87
$
1 . 1,800 00
D. 10,200 00
I. 568,617 50
901,940,402 6:-
961,380,775 13
D. 559,717 50
587,809,801 00
570,225,363 0(
1 . 17,384,498 00
A ggrega te o f d eb t, including
certificates and n o te s ............ .. 1.549.556.353 63 1.531.612.138 13 1.17,914 215 50
R esou rces—
L oan s and discounts, in clu d’g overd rafts. .$136,768,91-5 $137,484,412 $154 018 231
Stocks, bonds. &C...................................................... 16.387,158
13.327,377
12!o75*689
D u e from reserve a g e n t s ......................
18.194,793
1 5 .7 0 4 /6 4
20 6 3 8 -189
Due from bunks and bankers............................. 15,277,881
18,104,098
1512o*839
B anking house, furn itu re and fix tu res........
2,7 34,c29
2,740,126
2’7a8*504
Other real estate and m ortgages o w n e d ...
2 6 8 .6 1 2
303,322
’207 158
G old coin and certificates....................................
7.399,496
5,191,793
8 703824
Silver o< in and certificates.................................
2,553.823
2,108.852
2 056 475
L egal ten der notes and c er tif’s o f d ep osit..
6.407,759
5.568.907
5 181*808
B ills o f oth er banks........... . . . .........................
911.327
785.306
62 14 10
E x c h a n g es fo r Clearing H o u se ......................... 12,285, 27
13,088,0» 3
11 534'978
C urrent ext eDses and taxes p aid ...................
30,084
584.581
’ 67 952
P rem ium s on U. S bonds.....................................
901.466
735,595
6 2 2 180
O ther resources.........................................................
1,013,199
8 2 8 /8 3
1,067*836
O c t o b e r 31,
C A S H IN T H E T R E A S U R Y .
Gold—Coin.................................................................................. $66. ’-10,898
B a r s ......................................................................... . . 0 6 /5 7 .2 2
S ilv e r -D o lla r s .....................................................................
300 000,732
Subsidiary c o in ...................................................................
12.007,195
B ars......................................................................................... 190.001,554
24.7^8.987
Paper—L e gal ten d e r n o te s (old issue) ..............
T reasury n ote s o f 1890....................................................
1,910.000
Gold certiflcn tes....................................................................
11 5,80.
Silver certificates...............................................................
7,727,272
Currency certificates.......................................................
100,000
N ational bank n o te s ........................................................ 11,566,766
Other— 0 on d 8 , in te re st an d cou p on s paid, aw ait
ing reim b u rsem en t...........................................................
3.073.553
Ylinor coin an d fraction al cu rren cy .......................
889,970
Deposits in nat’ l b nk d e p o si.a r ie s—g e n ’l a c c ’t .. 12 817,531
Olsbu-sing officers’ b alan ce s..........................................
3,640,609
73
5 3 -$ 1 0 3 ,2 ?4 ,1 7 1 26
00
46
4L— 499.535,480 87
81
00
O0
00
00
14— 46,215,491 95
07
76
13
91—
A g g r e g a te ..........................................................................
20.421,870 87
$729,447,014 95
D E M A N D L IA B IL IT IE S .
Gold certificates..................................................................... $79 005,169 00
Silver certificates................................................................... 323.444.504 00
Certificates o f d ep osit a ct J u n e 8, 1872.................... 2 ,425,000 00
Treasury notes o f 1*90....................................................... 1d2,735, l *8 O 0 -$ 5 87 ,6 09 ,86l 00
Fund fo r redem p. o f u ncurren t n a t ’l bank n ote s
7,173.546 73
D utstandlng checks and d r a fts .....................................
5,879,005 13
2 1,237,002 76
Disbursing officers’ balan ces..........................................
5,252,0i7 4 3 - 39,542,862 10
4veue> accou nts, & c ..........................................................
3-old r ese rv e............................................ $84,334,602 00
Net cash balan ce.................................... 17,909,4-9 85. ................................. 102,291.291 85
A g g r e g a te .............................................................................................................$729,447,014 95
Cash balance In t h e Treasu ry Septem ber 30. 1893.................................$100,875,633 80
Cash balan ce in th e Treasu ry O ctober 31 ,1 8 9 3 ........................................ 102,294.291 85
D ecrease during th e m o n th ...............................................................................
$4,581,841 51
B O N D S IS S U E D IN A I D O F P A C IF I C R A I L R O A D S .
N am e
o f R a ilw a y .
P r in c ip a l
O u t
sta n d in g .
I n te r e s t
a ccru ed
and not
y e t p a id .
I n t . r e p a id b y C o m p a n ies.
In te r e s t
p a id
by
th e D . S.
By
T ran s
B y ca sh p a y
p o r ta tio n
m 't s ; 5 p . c.
S erv ice.
n e t e a r n in g s
B a la n c e
o f I n t e r ' st
p a id b y
th e
O.
8.
Cen. Pacific. 25,885.120
Kan. Pacific. 6,303,000
U nl’n Pacific 27,236,512
Cen. B r. U .P . 1,600,000
W esf - Pacific 1,970,560
ilou x C. & P. 1,628,320
$
$
517,703 38,983.627
126,000 9.911,133
544,730 41,299,753
32,000 2.509.8O8
39.411 2,850,585
82,560 2,441.290
$
6,882,773
4,188.084
13,934,0-3
572,534
9,367
208.129
i
$
658,283 31,442,571
6,723,048
438,410 26.927,205
6,927 1,930,848
2,841,218
2,233,101
T o ta ls.......... 64,623.512
1,292.470 97,996,201
25,794,970
1,103,620 71,097.011
t
THE
N ovember 4, 1893.j
C H R O N IC L E .
R E V I E W OF P R IC E S I X OCTOB ER— STOCKS,
GO VEH EM ENT BONDS A N D F O R E I G N
EXVHA NGE.
T h e fo llo w in g ta b le sh ow s th e h ig h e st a n d lo w e st
p rices o f ra ilw ay an d m iscella n eo u s sto ck s a t th e M. Y .
S to ck E x c h a n g e d u r in g th e m o n th o f O cto b er, 189 3.
BATCSIOAD AND HUSCEUASBOOS STOCKV
« a llr o a d * .
fe w . B i a s .
R a ilr o a d * .
P orla a Ha-tern ...
Albany * sump-ban,. 160 100
Aschiaon Top. A s. tv.
1«% 2.1% Phi lit. A Head .........
Atlantic A Pse-tBe,,.,
-- P. C C. A St. L ..........
Do
p ref..
65%
Baltimore A Onto___
25
3<*% Put*. A W. uf. tr. rec.
Buff. K/w-b. A P
73% 75 a »••»». f t w, A -hie.
Canadian Paclrtu.---■16
5 3 * Reuse. A B an dogs. .
Ouuwft SocU w ia-----Centralo f If. Jersey.. 10.-1 120% KldimeiMi T enniojill r. e -ts .ln m .i pd
20
21
Central p jw sllie.......
1 At t9%
Ohm. a o . . Vnt.Tr.eert
D.» 2>i as* «*T p.t.
Do. pref. tr. reel*.
Chtaure A A te n ....... 13 % 136
77% 3. *s R o G rsnds W .-.r___
units. B a ri * Quincy.
50
5s
K.title Water A > )«l
CWe. A East Ui.........
113
9<% St Dulls Southern...
Do
p ref..
50% 6-% 8{. Lonl* s o a ili« —
Chic. MIL * S t Path.
Do
pref .
Do
p re f.. 1 -S% 121
Chic, i t N o rtb w w t...
9 s % 10*% rtt- Paul Minn. A Man.
Do
p re f.. 1.-8
8t- Paul & Duluth ..
110
Do
prer
CUc. St Booh talaa.t..
C tU r.stP . Mine. A O .
33
: t » i . : six h tv . <N Y. City)
Do
pref.. 1 .5
112% Southern Paeille Co ,
30% 38 0 Texas A Pactac.........
<3. Ctn. Chic. A St:. !..
Do
pref
71
*U
Th r d A t e .lN .Y .s im
CJeve. A Pittsbare . 148% 14*
D.I. Attn A. A No. M.
COL Hoek. VaL A T o l.
10% 23% f TW. A Ohio Central .
00
Do
pref
8H
Do
pref.
Delaware A Hudson. 119
131 % Union Pacific............
Dei. Lack. A Western 1-48% 1 7 1H Union e* a D A «
Den. A Rio G rande...
»% 10% : Ua te l N. J. RK. A C.
Do
pref..........
3* ; Wabash........ .
Des Moines A F t D ..
7 !
Do
p re f..
28
Do
pref.
28
Wheel. A L, Erie........ .
7
•Dnl 0 .8 . A A t ! . . .
7%
Do
pref.
18%
* Do
p re f..
17 ! Wisconsin Cent. C o..
E-Teim-Va. ACla, Ry.
Do
2*1 pref.
2% I
K xp rs**.
Kv»n*v-. A Terre U ..
*:»% : Adam* . . . . . . » ..........
78
14
Flint a Pert-Marti ...
18% > Atnsncftn.......... .........
1U0
Great North’ n. prof
lu>
United states ..........
a
G r,B .w .A *t,P f a r e ,
7 V Wells. Parxo A C o ....
Hoo*. A Tex. >t.Vu r*I
2%
IBinolsCentrai..........
9s
C on i A M in in s .
91
7%
Iow a t’eatrai . . . . ..
Auie 1 no C o d .
.
20
Do
pref .
«:•>!. ( \ ,k l. IMtytttop,.
28
it
Kan A Mloh ...........
C>-1 Fuel a Iron
Kt;«k, A th-a Stun. . .
Do
pref.
Do
tret
i f Cot. * 1 1 * Sc. C A 1 .
13
Last- Erie A W a u 'g ..
M ary).nil Coal pref.
Do
pref..
NrWi.'eiit a > * e ,i.„ .
Lake Shore................. l o k 129% Ontario S ilver ............
Xm &M tsiSBCl - e
,
ik*liver...,
92% 5*7%
Lou. L vaosv.A S t I..
a. Coal A iron ___
18
is
41% 53
Lousaviiie a N**ft»
V n r lo tt* .
JL. JS.Alh.AOli.tr.lt*.
10% 10V
S e .w s n c k ..............
Am. Datum On On--Do
p*i f.
Do
pref .
3s
4 ■
L ouise. fit. L A t e x .
Amuer. Dl«t. T elex!a.
5
5
Manhattaa w o s .i —
172% 135
• <ai Sugar Redn-4%
Mexican Central.___
•Do
nref..
M ’i:hl®W Central ..
9o 1 0 . s Atner. Tel. A C able...
•Ainer. rob. Co-------M lB tiA S L U r .r Ole,
»% 13
Pref. trust r re p it
Do
p re f..
29
34%
CbtenKfi Gas ttm ip'v
Mo. Kan & T « x m . . .
10% 13
Di*
p r * f .........
l- % 23%
Do divideMl serip
Missouri P a ine.........
20% .9 % Chit-. June. R*way*..
M obiu-A ohi.- ______
13
18
CnosstldAIOd Gas CO.
Dm A Cat. Peed. 1 .0 .
Morris A Essex........... 145% 1*0
H m tt. v h x i t . a Bt. L
5-% 60
K (lima © . HI. C o ....
General Etoetris____
H. Y. Cent. A Hud. B. DM 104
14
18
SLY. Ohio.A 8i. Lotus
LaoledsUas. 84. L ...
Da
p ro f..
Do
1st pref.
55
08
M a u n .fa n Beach. . .
24
34
Do
2d MWf.
Me* N it Co::*!, lie:
New York A II<rlem 240 2 K)
N Y. Lack. A W s fn 1C7 107
Si*-.- •>"<! 2 ta ss'tp d
I n pref. 2-1 a-s'l. isl
N. i . Lake Erie A W.
13% 10
" Mt-i.iti.il Isiat! Co ..
2 ■
32
Do
pref.
N. Y. A New England
Do
p re f..
20% 3 % '
N. Y. N II. •( H ....... 191
197% National Llnsord . . .
National Starch S ftg .
S . Y. A Northern. . . .
Do
pref.
9
12% Norto Aiuerit-ariCo..
14% 10
N. Y.Out. A West .. .
Or -2 -m 1 I.prov’t CoN. Y, Sow)- A W „ t.««r
*...**«*
13
10 - Pacific
Do
pret. tie s
41% 40% •Pit* Line Trust.......
Norf. .* Western prof.
22
20
PnUmao Palaoe C ar.
Northern Faelila.......
silver hoUsoo oerta..
8
Do
p ref..
1.0% 2 5 % r . x . d a .-. L a n d f r o s t
Ohio A M ississippi...
15
15
V . a. Rubber C o........
O w n . R j . A N ar.......
Do
t»’ ef.
25% 4 0
Ores-. Win L. A U. , v .
Western Union T el..
Pen. DocaL A E ville.
We* t o v h . LI eo.,a»s S,
7
•2%
59% 7. a I
2f
%I
2%
’
0%
9
*!
!* *
00 191
S
10% 1 i %
«
0
5
5%
Mail,.
ti%
6**
9
8%
Loir.
Utah
5
5
15*% 23%
14% 16%
-18% 33%
53
2s
117
147
160 100
1
1%
2% 4%
15
17%
10 15%
105 1 0 95
9ft
4%
5%
7% 10%
102% 10*
2 %
28%
1 -0
100
140
157%
2 0 t 204
17% l;»%
6%
9
7%
31
70
15%
5*
l .%
35
70
21
7
140
1)0
50
145
1*7
123
50
135
Lam.
»<>
10
■■■:}
He,A.
90
214s
70
70
0 10%
60
s% 9%
0
1%
1%
60
14
17
33% 39%
« * 77%
38
«5
8 6 % 105%
««
94
83
90
77% 02
9
100
50% 6>%
1*10 1-25
s(>
120
137
2 % 35%
92
103
40% 52
13%
6o
l-%
66%
10
20%
2>>t
2'.%
29%
4
40
70
17%
3
9
14
08
100
4
10
05%
00%
19
11%
5%
11%
10%
72%
177
73-W 7 4
10%
9
4 29%
80%
75
80%
40%
40%
RASOX Ok OOVBKjrwEJlT BO50S IN OCTOBER.
4%«. 1891,
4*. 1907.
4*. 1907,
t « . e. *98, 6 * ,- *99.
r v j.
re//.
res/., r j t . - s i a x .
m ap.
reft
*109
....
»98
111
• in
110%
Hixuwit . . . .
*112
- 8
11 >%
1% %
•103%
Lowest.
11..%
ill
•1. !»
• in
*a*a *% ,m
•109
111%
414%
*113
OMNbg.
• Price* bid—no sale* dnrln* the m intti.
The following highest ami lowest prices are from actual
gales at the New Tors Stock Exchange;
stats
bonus
i s O C IO B H L
Lam
!1trn M a a a o o a a . i s . . .
05% " o f
104
104 i1 N'.irf, car. <1 -, •>%>>
90% 90% |
1 8 w ta r . uou-tUOit. 9».
f u r . f u n d i n g 4 - ___
00
90 | lent), new nettle
Ark.7»,L. n .P . r f « S . O . 12
12
D *
ilo
a*.
7* Mi»». A (>, R _...
10
12 11V4.fd.debt.2-3s, 1931
PnhdlngiH uU ord).
10
10
in
bankers'
OH.
1
" T B R U 8 0 KXCBANOS (POSTED RATESI FOB OCTOB SR. 1 8 9 3 .
oO
•1‘iyx.
1 ....
-. . .
1 ....
i....
5 ....
a ....
7 ....
E ...
9 ...
19 .. .
u ..
12
De
mand.
60
days.
Oct.
1 3 ...
..........3.
4 84-5 % 4 SR 7% 1 4 ...
4 03%-* i -5%-7 IS ...
■SS.-i**- «S%-6% 16...
4 83% 4 4 8 * 8 -6 1 7 ...
j 8 i%-t 4 8 5 % -; IS ...
4 S3H-I i 85%4i 19—
2 0 ...
..........8.
4 83- i 4 8 5 -S ' - 2 1 ...
4 ~31-4 4 85*a-6 7 2 ...
4 si
4 SO
2 3 ...
4 00
2 4 ...
4 84
De
mand.
i n
4 8B
4 81
4 b6
.
........ 3
4 04
t 86
i 8339*4. 4 * 5 19 -6
4 *3-4 4 *5-5
t 83-1 4 88-6
1 83-% 4 .05-%
4 33-% 4 >5 %
........ 8. - 82% 3*. 01% 5%
t 82%-3 4 04% 5
60
days.
Oet.
2 5 ....
2 6 ---2 7 ....
2 8 ....
19 . ..
3 0 ...
31 ...
4
4
4
4
Open,
tL.-ii,.
/IW ..
L ast..
4
4
4
4
81 %-3
61-2
81-2
81-2
De
mand,
4 34-5
4 B4-5
4 84 54 *4-5-
1 S V 2 4 S4%-5
4 81% 2 4 s4%-5
84-3%
85%
*1
«t% -2
iv X o u c t3 V ij= tf o m m c t x t a l jE u r d is E
4 8 6 -'%
4 37 %
4 84
4 84-5*9
&
l Prom o a r ow n oorrerp ond ent. I
London, Saturday, October 21,1893.
The Directors of the Bank of England have made no change
this week in their rate of discount. There is a strong demand
for gold for France and Germany, with occasional demands
for Egypt, South America and Australia. But as nearly as
much is coming in as is going out. that would hardly be suf.
iicient to k—p the Bonk rate at 3 |**r cent.
Tne real reason
why the Directors are unwilling to change is the fear that a
o large United S ales loan may be brought ou . The Bank of
14
1 %
12% 10% England could not alf -rd to lose Very much gold, and there
42% 5 5%
4% 7 fore it is unwilling to do anything that would in anywise
tendto lesson want it already Im .
fa the open market the
The rank** of Govern oont bonds soi l at the Stock Exchange
in October was as follows :
K a m i* o r
for
Tne daily posted rates
60 days and demand sterling
exchange
October are given below, it being understood
that bankers’ actual rates are usually a fraction below the
prices posted.
2 2 2 % 222%
* U n lis t e d .
Alalmms, Class A .
751
L am .
95 i r
117
117
2
1%
107
103
70
88
Bi% 93%
rate of di-count ranged from 13:J to V>£ per cent till
yesterday when it advanced to 1% per cent. There is very
bankers
willing in the present urn- -ruin v to run much risk.
The impression is growing that the India Council will have
to raise a sterling lot i he.*« o»f->r« long. Ac *or ling to the
Budget it will have to pay in L j i lon during the li uncial
year
with Mirch next about 18 V millions sterling
up to tho present time it has sold lets than tt miHio-w sterling
in bills and telegraphic tran-fert. On Wednesday last it
offered again for tend.tr 40 lakhs of rupees and again there
was not a tingle application; so that for fully three mouths
now it has sold nothing. ITw Consequent accumulation of
money in the Presidency Treasuries was expected to have
made rates ao high in India that before now the exchange
banks would have been compelled to buy the Councils' drafts
to get the money out o f the Treasuries. But alth *tuh rates
are tending Upwards and the exchange is likewise rising, thebanks are as yet unwilling to pay Is. 3*4 1. per rupee, which
is the minimum the Council will accept. Ton Council a
little while ago raised by the sale of debentures somewhat
over a million and a-quart *r sterling. Altogether therefore
since the beginning o f the financial year it has raised hern
about 7 millions sterling. Within little m orelhm live months
it has to get somehow or other about l l ? . raillitns sterling.
The general impression therefore is that it will have to
borrow about 5 millions sterling.
the Stock Exchange is,
possible,
than before. People h ra are unwilling to do any
thing until it ia known how the Senate wilt-decide. There is
a very general feeling that American railroad securities are
cheap—at all events, a large proportion o f them—and proba
bly if the Sherman A ct were repealed there -would be
here
securities.
as
as
action of the Senate is uncertain everybody
is afraid to buy, fnv- stors are holding aloof altogether, and
the great operators, in their doubt whether they could sell
again if they required to d-> s>, are naturally unwilling to
buy. The discouragement caused by the long struggle in
the Senate has now extended to all other departments, A
little while ag> it, looked as if we wore about to have veryactive bu-iness in the South African market. There was un
-1
real investment buying, especially
of the shares of those gold companies which had given proof
that they are well managed and working profitably. But for
a
or two business even in that department has beea fall
ing off, until now it has almost come to an end.
The news from Brazil is as unsatisfactory as ever. There
ia no prospect of an end o f the struggle between the army
and the navy, while private intelligence received in the city
little buaine-s doing, both
and bill-brokers being un
ending
Business upon
stagnant
marked increase in the demand
long the
doubtedly agoo deal of
week
aud
if
more
for those
a
But
THE
752
CHRONICLE.
s to the effect that the President is losing control over the
army, and that there are serious fears of pillage by the troops
in Rio. On the other hand, there is more confidence felt
respecting Argentina. The uncertainty on account of the
Sherman Act is weighing upon that as well as upon other de
partments. Still there has been a very great recovery for
some weeks past in Argentine railway securities. A good
impression has been made here by the report that Dr. Alem
has resigned the leadership of the Radical Party, and that Dr.
Del Valle will succeed him, the latter making it a condition
that only constitutional means are to be employed. In
Paris the Russian fetes have for the time being almost sus
pended business. The Berlin Bourse is very weak, and the
fall in Italian rentes continues. In spite of the loan of two
millions sterling by German bankers, it is feared that the
Italian finances must go from bad to worse. On Wednesday
the Italian Prime Minister made a speech in which he prom
ised a considerable addition to the taxes, sufficient to bring
about an equilibrium between revenue and expenditure. But
similar promises have so often been given that little weight is
attached to this one, especially as nothing is being done to
prevent in the future the scandals which are now so seriously
discrediting Italy.
At home the coal strike still continues. Work is being re
sumed on a very considerable scale at the old rates of wages but
in many districts the struggle still goes on. Trade in conse
quence is very much depressed and railway earnings are bad.
The decision, too, to liquidate and reorganize the Industrial
and General Trust is intensifying the discredit into which the
trusts have fallen. It may be recollected that between 1886 and
1890 over thirty trusts were formed here, with capital aggre
gating over forty millions sterling. Most of those trusts are
now discredited. In almost every case there has been a very
serious fall in the shares and debentures. But as the trusts
have very little liability except toward their own shareholders
and debenture holders, the result of the discredit, whatever
may happen, is not likely to affect general markets much.
The following return snows the position of the Bans of
England, the Bank rate of discount, the price of consols. S .
compared with the last three years:
1893.
Oct. 18.
1892.
1891
Oct. 19.
Oct. 21.
1890
Oct. 22.
£
£
£
26,565,475 25,851,565 24,532,890
Circulation ...........
.....
5.478,738
5,525,137
Q^ublic deposits.....................
3,450.840
31,486,56i 29,960,389 29,303,831
Other deposits....................
'Government securities — ...... 12,687,598 15,457,055 12,362,042 16.198.500
Other securities................. ...... 24,959.095 24.242,419 27,597,042 22.955,041
15,104,837 13,394,810 11,518,680
Reserve................................
Gold and bullion................. . ... 26,474.039 25.220,342 22,796.401 19,001,570
40 1-16
37^
Prop, assets to liabilities per ct.
45>$
34 15-16
3
(Oct. 20) 3
Bank rate.......................percent.
3
5
96 13-16
95^
Consols 2H per cent...... ;.. ...... 38 3-16
94 13-10
Clearing House returns...... ...... 124,660,000 137,100,000 135,519,000 129,029,000
Messrs. Pixley
•October 19:
&
Abell write as follows under date
of
Gold.—The Bank has received £ 3 2 6 ,0 0 0 gold, chiefly from Australia,
and £ 6 4 1 ,0 0 0 has been withdrawn ior the Continent. There is a
strong demand. Arrivals—Transvaal, £ 7 2 ,0 0 0 ; West Indies, £ 1 3 5 ,0 0 0 ;
China, £ 2 0 .0 0 0 . Shipments—Bombay, £ 1 0 ,0 0 0 ; Straits, £ 2 ,0 0 0 .
Silver—Silver has been slightly iirmer tor “ cash” at 3 3 % d „ and
there is a good demand for the East at 33 %d , January delivery.
American is offering to sell freely. Arrivals—South Africa, £ 7 ,0 0 “ ;
Chili, £60,0110; W est Indies, £ 2 7 .0 0 0 ; New York, £ 5 9 ,0 0 0 . Shipments
— China, £'ffi.00U; Calcutta, £ 1 0 ,OOo, Bombay, £ 4 0 ,0 0 0 .
Mexican Dollars—There is a strong demand for these coin for China
at 33% d., and there are no sellers under 33% d. Arrivals from New
York, £ 1 3 ,0 0 0 . Shipments—Straits, £ 4 1 ,0 0 0 ; China, £ 9 2 ,0 0 0 .
[V ol . LVII
G a x iia n F in a n c ia l
m a rk e t*— P er C a m e .
The daily closing quotations for securities, &c., at London
are reported bv cable as follows for the week ending Nov. 3:
8 at.
London.
Mon.
323a
Silver,per oz.................. d 33%
Consuls,new,23t perets. 9716m 97 7s
971616 9 7 %
do foraeoount........
Fr'oh rentes (InParis)fr 98 30 9 8 1 5
U. 8. 4s of 1 9 0 7 ............. .
76 %
Canadian Pacific............. 7 6 %
Cnio. Mil. & St. P a u l.... 67 %
69%
98%
ItUnois C e n tra l....
9814
131^
132io
Lake Shore.............
Louisville A N ashville.. 5 2 ^
54%
Mexican Central 4 s ____ 53 *s
53is
N. Y. Central & Hudson. 10714 1 0 7 14
15
N Y. Lake Erie A W est’n
75%
73is
do
2d eons..
2334
2
3
%
Norfolk & Western, pref.
25is
25is
Northern Pacific pref.
53%
Pennsylvania................
5314
111$
Philadelphia & Beading. 1 1 %
20is
Union Paoiflo..........
201 q
17%
17%
Wabash pref..........
16
Tuts.
Wed.
T/turs.
31is
971416
9 7 13,e
98-17%
31%
32
97mm
9715,8
98-25
75 %
67%
97%
131%
52%
52is
106%
14%
70
22%
23 %
53
11%
19%
17
K
0
r
6
>>
Ml
75%
68 %
97
131%
51i«
52
106%
15
71%
22 %
2 4is
53%
11
1914
171s
m .
32
971>lt;
9716,8
98-60
7534
671*
97
131
4934
52
10634
14%
70%
225g
23%
5 3 1«
10is
18%
16%
©uraraercial and 3$Uscellane0us 2$jcuj5
G
R
E
. — Through the
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of October. From
previous returns we obtain the figures for previous months
and in that manner complete the statement for the ten
months of the calendar years 1893 and 1893.
overnment
evenue
and
r eceipts
x p e n d it u r e s
(000s omitted).
1893.
C u s
to m s.
Jan........
Feb . . . .
March..
A .p n l...
M a y ....
J u n e ...
J u ly ....
A u g ...
8e p t—
O c t . . ..
10
#
N .B k .
I n t e r 'i R e d ’ p. M i s c ’ l l o t a l .
R e v ’u t F u n d . 8 ’ r c e s
$
t
21,102 12,053
16,501 11,208
19,065 12,931
15,908 11,729
15,425 13,212
14,964 14,003
14,084 14,089
12,145 10,503
12,570 11,409
11,000 12,736
m os. 153.964 124.053
*
207
312
322
184
43
267
120
166
707
1,085
$
1,848
2,407
1,520
1.980
2,292
1,750
1,533
1,183
544
817
*
35.210
30,488
34,438
29,801
80,972
30,984
31.020
24,057
25,290
25,618
C u s
to m s.
*
t
17,391 11,911
16,783 12,189
10,415 12,134
13,831 12,422
12.692 13,47;?
14,018 14,780
17,205 14,860
18,272 14,003
17,210 13,736
,.10,306 14,154
3,393 15,874 297,884 100,783 133.733
d is b u r s e m e n t s
Jan........
Feb . . . .
March..
A p ril...
M a y ....
J u n e ..
J u ly ....
A U g ...
8ep t___
O ct. . . .
O r d i
P en
s io n s .
$
18,209
17,049
17,114
15,271
15,500
17,102
17,791
21,042
14,443
10,067
13,088
13,495
13,840
12,872
14,269
11,411
14,758
11,200
10,787
10,340
1
10 m os. 170,898 126.070 24,150
Ch anges
in
$
2,129
1,727
1.28S
2,404
3,042
1,560
2,243
1,144
852
768
*
31,590
30,756
30,049
29,074
29.4S2
31,219
34,571
34,033
31,841
31,8*6
2.778 16,157 313,451
1892.
N .B k .
In
R ed ’ p.
terest. F u n d .
$
7,104
322
079
5,096
383
202
7,127
397
198
2,582
I
159
57
212
417
270
201
257
554
43
548
(OOOs o m it t e d .)
1893.
n a ry.
1892.
N .B k .
I n t e r 'i R e d ’ p. M i s c ’ l
T o ta l.
R e v ’u t F u n d . F r e e s
*
902
§u
740
532
002
491
418
291
220
490
T o ta l.
$
39,253
31,677
32,373
33,771
30,874
29,200
40,094
33,590
25,698
30,085
5,503 320,087
L eg al Tenders
and
O r d i
P en
n a ry.
s io n s .
$
16,980
13,037
14,557
15,539
14,058
15,513
15,051
17,032
15,291
14,353
i
10,522
11,502
13,414
12,705
12,903
12,122
14,235
13,478
12,054
11,032
N .B k .
In
R e d 'p . l o t a l
terest F u n d .
i
6.073
764
243
1,700
4,073
288
7,048
330
247
5,153
*
1,488
1,519
1,206
1,038
1,023
1,018
915
041
725
693
>
35,003
27,482
29,425
31,098
32,662
28,941
37,249
32,081
28,917
31,881
153,231 125,282 20,590 10,200 315,399
N a t io n a l B a n k N o tes
to
—The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notes
The following shows the imports of cereal produce into the Oct. 1, together with the amounts outstanding Nov. 1,
United Kingdom during the first seven weeks of the season and the increase or decrease during the month; also the
compared with previous seasons:
changes in legal tenders held for the redemption of bank
notes up to No vember 1 :
1892.
1893.
1891.
1890.
N o v e m b e r 1.
IMPORTS.
I IIIpo rtfi of wheat, owt. 9 ,9 72,841
Barley................... .
4,233,1 L7
O a ts................................
Peas......... ....................
Beans.............................
Indian oorn.................
F lo u r..............................
1,951,587
2 8 s,4 6 5
767,035
4,048,431
3,544,849
9 ,8 5 6 ,1 8 7
3,5 3 2 ,5 4 2
1,6 7 2 ,0 9 8
2 3 5 ,3 1 4
9 3 8 ,4 4 2
5 ,3 3 3 ,8 3 7
3 ,0 2 8 ,1 4 3
10 ,5 8 9 ,0 9 9 11 ,2 7 9 ,0 4 1
3 ,7 5 3 ,4 6 3
4,2 6 9 ,7 6 6
1 ,937,281
1 ,7 7 7 ,1 7 4
188,931
132 ,9 9 0
6 1 6 ,8 1 0
360 ,2 5 9
2 ,7 3 5 ,2 7 1
5,2 7 3 ,6 7 4
2 ,1 5 2 ,5 3 8
1,9 6 6 ,0 0 9
Supplies available for consumption (exclusive of stocks on
September 1):
1893.
W h e at................... ow t. 9 ,9 7 2 ,8 1 1
im portsof dour......... 3 ,5 1 4 ,3 4 9
ales It home-grown. 3 ,6 5 4 ,2 3 9
1 8 92.
9 ,8 5 6 ,1 0 7
3 ,0 2 8 ,1 4 3
3 ,4 4 2 ,3 6 9
1 8 91.
1890.
1 0 ,5 8 9 ,0 9 9 1 1 ,2 7 9 .0 4 1
2 ,1 5 2 ,5 3 8
1,9 6 6 ,0 0 9
4 ,3 0 2 ,7 2 2
6 ,1 1 1 ,5 5 2
Total....................... 1 7 ,1 71.929 1 6 ,3 2 6 ,7 0 4 1 7 ,0 4 4 ,3 5 9
1893.
1892.
1891
Aver, price w heatweek.27s. 9d.
29s. Id.
34s. 9d.
Average prioe, se a so n ..2 6 s. 8d.
28s. 6d.
36s. 9d.
19,3 5 6 ,6 0 2
1890.
30s. lO d.
32s. I d .
National Bank Notes—
im ount outstanding Oct. 1 , 1 8 9 3 ...................
Amount issued during Oot..............................
Amount retired during O c t .............................
* 2 0 8 ,5 9 2 ,1 7 2
*1 ,1 9 7 ,9 8 5
575,991
Amount outstanding Nov. 1, 1 8 9 3 ...............
621 ,9 9 4
$ 2 0 9 ,2 1 4 ,1 6 6
Legal Tender Notes—
Amount on deposit to redeem national bank
Amount deposited during O ct.........................
Amt. reissued & bank notes retired In O c t..
Amount on deposit to redeem national bank
notes Nov. 1, 1 8 9 3 ..............................................
$20,72 7 ,1 8 8
*1,06-4,820
5 94,070
47 0 ,7 5 0
$ 2 1 ,1 9 7 ,9 3 8
According to the above the amount of legal tenders on
deposit November 1 with the Treasurer of the United States to
The following shows the quantities of wheat, flour and redeem national bank notes was $31,197,933. The portion of
jn.iize atloat to the United Kingdom:
this deposit made (1 ) by banks becoming insolvent, (3 ) by
1892.
1891
Th is week.
Last week.
banks going into voluntary liquidation, and (3 ) by banks re
W h e a t.............. . q r s . 2 ,5 5 6 ,0 0 0
2,5 1 8 ,0 0 0
1 ,7 6 2 ,5 0 0
1,5 7 1 ,5 0 0
Jlour. equal to qrs.
2 6 4 ,0 0 0
298 ,0 0 0
3 3 1 .0 0 0
1 76,060 ducing or retiring their circulation, was as follows on the first
of
each of the last five months:
aiaize...................... qrs.
3 1 9 ,0 0 0
3 0 5 ,0 0 0
3 8 6 .0 0 0
1 50,000
THE
Notes* bee 4, 1898. J
J u !U 1.
D e p o s it* t>)t~
A u g u s t 1.
S ep t. 1.
*
*
1.018,538
Insotv'T OSes.. l.o j> ,3 5 0
Ott.
1,003,933
C H R O N IC L E ,
W o*. 1
*
#
1,103,909
1,335,611
Idanjd’gbke..; 4,328,071 4.760,905 4,512,313 4.831,253 1.732,400
B a m * aadr.'
M to t '7 4 ..» : 14,816,006 11,655,191 14,423,838 14.792.126 15,129,924
Total.......... 20.713,438 20.134,627 20.245,163 20,727,185 21.197,933
- Ae* nf Jan* 20, XH74, »nd July 1 2 , 1382
I m p o s t s and E x p o r t s f o b t h e W e e k .— T h e f o l l o w i n g are
th e im p a r ts at- N e w York fo r th e w e e k e n d in g f o r d r y g o o d s
Oct, 96 a n d f o r th e w e e k e n d in g f o r general m e r c h a n d is e
Oct. 27: also to ta ls s in ce the b e g in n in g o f th e first w e e k in
Januai v.
TORBI6H IMPORTS AT MEW YORK.
Gen’l mer’d lse .
T ota l........
*8.791,950
Si m e J a n . 1.
D ry
....... I128.63-i.64t
Gen’ i tuer'dise.
1803.
*2,146,388
8,379,715
*1.978,683
3,814.576,
*1,091,696
7,374,540
*10,526,111
*10,793,259
*3,466,236
*1,823,675’
6,968.275
D r y G ood s.......
1892.
1891.
1590.
F o r W eek.
*98,617,175 *106.790,848 *108,144.146
33 6.340.U 2 387,792,030 35S.641.396
324,207,014
7 53
& Kansas City R. R. Co. Foreclosure will be pressed. The
time for receiving signatures has been extended to N wetnber
10. after which date they will be received only upon th e pen
alty to be named by the committee.
—Holders of Chicago & Northern Pacific firsts are re
quested to communicate with Geo. M. Troutman, Central
National Bank, Philadelphia, See advertisement,
—Mr. Gaston Hardy .late of the firm of Hardy & Manigaulfc,
of Charleston, S. C.,"has opened an office at 38 Wall Street,
New York. Mr, Hardy makes a specialty of Southern secur
ities and commercial paper.
—The American Debenture Company, with a paid-up capi
tal of §2.000.009, issues its debenture bonds secured by bonds
of municipalities and corporations. It also executes trusts
and acts as agent; sea card in another column.
Govern meat Purchases o f Silver.—The following shows
the amount o f silver purchased in October bv the Govern
ment. T he S ilv er P u rch a se C lau se o f the 1890 a ct h a vin g
been repealed , th ere w ill be n o p u rch a ses h erea fter.
Tota l *3 weeks. *452,946.559,*434,957,297 8471,193,937 *160.79 ‘ .O il
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending October 31 and from January 1 to date:
expo r t s prom
s e w Tu rk
15,761,897
T or the w eek .,
Prev. reported. 287,431,794
p o r t h e whisk,
1891.
1392.
*7,227,759
301,015,907
*8,708,786
313,873,834
1390.
Ounces
Ounces
offered.
purchased.
Price paid.
516.000 $0*7200 9
605.000 * 0-7000 W .............
1,943,000 $0*7000 a> $0 7425
30 ...........................
737.000
Total In O ctober................... 5.152.000
KoTeoib«r 1 . , ..... ...............
84.000
**
3 .............. .
T otal....................... ......... 5,236.000
1,943,000 $(>•7000 * $0 7425
1893.
Coins.—Following are current quotations
*9,055,340 coin*:
303,707,261
Total 43 week*. *293,103.491 *308,243,566 *322.579.611 *312,702.001
S ov e re ig n * -..— # * 83
Sapoleons............. 3 85
X X R eieh m ark *. 4 7 0
25 Peseta*...........
4 75
in gold for
Fine silv e r B ars.. - 6 9 % *
Five f r a r e * . - 8 0 a
Mexican d o lla r * .. — 55 9
* 4 S3 i Do uacom m cro’ l ------- 9 * 1 5 75 Peruvian sola........— 50 9
4 SO 9
0 1 5 75 English silv e r
® »* preoi.iO.S, tra d e d ollar* - 60
9 * * 87
9 3 90
a 4 80
— 70 %,
- 95
— 57
•
— 52
4 »
The following table shows the exports and imports of specie Span. D oubloon*. 15 55
at the port of New York for the week ending Oct. 28 and since Sfex. D oab loon ».15 55
- 65
January 1, 1893, and for the corresponding periods in 1892 Fine sold h a r e ... par
and 1881:
Aartlon Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold &
S O O M S *ST|> IMPORTS OP gf-EdtB AT iriSW YORK.
auction,
Exports.
U u p a rls.
By Messrs, R. V, Harnett & Co,:
0«U .
W eek.
W eek.
\ S i n e e J a n .l .
4t0.67S.347
17,900,102
25,453,100,
2.000, 7451.049;
Great Britain..........
1,170,270
1,013.120
224.000 $70,175,356
4,000 59,047,353
245.000 75,614,1'14
*352.417 $57,423,860
2*4,152: 7,324.136
1 , 2 4 9 , . 23.247.1SO
F ran ce.............. .........
German?— .........
w « t S a t e s , . . . .......
M e x ic o ......................
2 ,000
20,0 0 0
Booth America------
411 other countries.
Total 1393...
Total la w ...
Tolal 1891...
Sint*. J a n . 1
. . . 028,136,069
2,500
*.078,405
13,291,6*11
317,023
3,002,278
3 7 ,1 4 1
28,320
1,531,312
3,074
125,667
18,MW
Exports,
I m p o r t* .
S in e * J a n . 3,
Great Britain...........
W ee k .
S in e* J a n . 1
*596.160 *25,373,953
132,198
103,000
515,597
F ra n ce......................
Germ any.....................
W est Indie*..............
M e x ico ......................
Booth A m e r ic a ,.,,..
A ll other countries
*2,937
7 88.010
596
46,907
859.60$
1,146,442
134,474
2 8 .8 5 0
70.553
39.694
Total 1*93.........
Total 1893.........
Total 1891.........
*596,160 *26.384,685
497,231 17,727,950
478.858 15,857.015
41,004!
*74,141 *3,081,004
352,337
2.674,416
154.340
1.960,438
Of the above import* for the week in 1893, *36,694 were
American gold coin and 1607 American silver coin. Of the
exports daring the same time £14,003 were American gold coin.
City Railroad Securities—Brokers’ Quotations,
Atlantic A T.,B 'klyn.8t‘A . ......
Sen, M „fts,10Orf...A*O1
'lOO
■Poker S t A F a t r . - a t k. 25
1st a o r t , 7 a , 1800- JA tJ 167
BrMwsy * 7taAv— 8 f k .. 175
1st w n . , as, 1904 -JAM 100
*7 more. 5«. 1914..-J * 3 100
B’ wsy 1st, S«. gn----- ’*4 100
2nd «», lot. as rent,, ’ 0*, 90
ao
180
Nlnib A rc.................. . . . . .
. . . . . . ;8 * ! oii<1 Are— Stock..........
° U ^ m w ^ ^ r m 2 .M * N US
t f c .lu v .- B lk
s43drHt.^Xanh.A
r i r SAX,
^ lArc.
*
1 s t m o r t , 8 s , 1 8 1 0 ,. M A S
2 6 Wu ln c o r n e .t J « ..,.J * J
H on st’W .S t * F .* " y - a t * .
1*1 m » r t „ 7 s , 1 8 9 4 . . 2 * 2
n^eJSKTSjIttlfi
m m J&J ......
O sn t. P A M
io o
I Scrip................ . . .
Utglwn A t .—Block... ......
120
1 s t m o r t , S *. 1 9 0 8 .M 4 M
........ .HUU; A rc .-sto c k ..............
HO
S3 100
340
ho
io V
1 0 4 ____
N, T. and Brooklyn
^AacdM pXS'rker
Brooklyn Gas-Light.......
Ym
Scrip.......................
70
9A 8C O R P 451X8.
100
... -,fir.
60
......
1*00
75
the
25 AHegbepyiPariaas Ootupuny ..............*3 0 per share.
100 American Ilinmtn. Oo.
o f Hom eUsvllle, N. Y „
*30 per share.
10.000 El Crtsto Gold & 811.
Miu, O n.... * 2 ea.; *300 lot.
3,465 Autom aton PlanoCompany ........................*74 2 t o t
1.000 Bridgeport Land & Im
provem ent Co .........*400 lot.
747L| Pres.-ol! A Arlz. C ent
K .t C o..............................$121 l o t
Hanlitng ana fftimucial.
TH E
M E R C A N T IL E N A T IO N A L
OF T H E C I T Y O F S E W Y O R K ,
K a. 1 9 1 Broad w a r .
BANK.
BIO. | Ast
C a p it a l.
110
WILLIAM P, BT, JOHN, President 1 FRBDBRIOK B. BOHaSOK, Ouhler.
JAKBd V, LOTT. Assistant Cashier.
-
125
* 1 , 0 0 0 , 0 0 9 1S u r p l u s F u n d ,
-
* 1 ,0 0 0 ,0 0 0
A CCO U N TS S O L IC IT E D .
abo"
W
Continental TruBt Co, of the City of New York an
nounce* that |5,.500,000 in amount of the 19,000,000 first
mortgage bonds have signed the bondholders’ agreement of
of
Toledo 8t. Louis
the Havemeyer-Armour Committee
2 Manhattan Beach Hotel
& Land Oo....................$7 lot.
Cert,. *10 e * ; 9 - per share.
20 East Side Bank ..............100
410 Elmir* National Bank of
Elmira. Bt. Y .............*19 lot.
10 K nickerbocker Trust Co.173
333 Grand Meza I A nd Sc Cat
tle ' a. o f C olorado..*20 lot.
173 Alfalfa Ditch C o ...-2 .0 0 0 lot.
20 Du Bo Is Mfg. Co 55 ca.; *4 lot.
Band*.
50$ Madison So. Bank. ..*1 4 0 lot. *6.000 West Hotel of Min
40 Eastern Tinware Com
neapolis let 7», J & J ............
91
pany. ............ *1 0 per share. *2,000 Second A vc, r r . Co.
30 Manhattan Malting Co.
gen. consol. 5s, 1 9 0 9 ....... 102%
(Montana)
445 per share. *480,000 Elmira M unicipal
167 East R iver Bridge C o... 100
Imp. Co. 1st con. 5a, 1942..
25
200 Utica Elec. Let. 0 o .S 2 .l0 0 lot. $100,000 The rone Star Ele
40 German-American R, E.
vator Co. 1 m ort. bon d s.. . .
CO
Title Guarantee C o .. .. 71
*5,000 N. Y. Concert Co. let
750 Transit im prov, C o ... #5 lot.
0*. 1H97.................................
13
50 (ratling Gun C o.......... $15 lot. *0.000 Union Kiev. RK. Co.
200 N. <k 9. itner. Con. C». * 5 lot.
2d Income bonds..................
35
35 Hazard-Hazard A C o.8250 Iut. *2.000 Prescott A Arizona
410 Bridgeport Development
Cent, RK. 1st 6e............* 4 7 9 l o t
C o ..........................*4,750 tot. $444,000 Preaoot & A rizona
450 Cyclostyle Co..pref..S12C lot.
Cent. RR. 2d lno,bonda.$475 l o t
2 5 0 Cyclostyle Co., com ., ..4 9 lot. *10,000 Saratoga Gas & Eleo,
400 Ft, W ayne E lectric ComLight Oo. 1st «s Inc. .,$1,725 l o t
paoy ------- ft -3 5 per share. *500 Rookaway Village 1st
25 Publishers’ Print* g Com
5s................................. ...* 2 2 5 l o t
pany
.......... *1 0 per share. *500 Manhattan Reach Hotel
A L a n d Co. 5s........................ *145 lo t
....1*10
1211
.................. 102
Bonds,
Fallon Municipal.............. 123
Bowls, as......................... 105
Xonitabla................. .......... 195
Bonds. »s....... ................. lflO
Standard prof..................... 87
—Tlio
S ham .
Shunt.
10 Manhattan UP* Ins 0 »..5 0 t
M National Park Batik.......283
SO Leather M f*VSnt.B*nk.U*5t*
52 Market.* F u lt o n X » u r it ,2 l2 %
1 0 Ninth Nat. Bank..........,1 1 5
325 Brown Sectional Tube
Securities—Brokers’ Quotation*,
But. i
CiUrnii,• i BrtxAl jin .....
Jstssp City * Hoboken . Y w *
M e t r o p e U t t a —B n a d s . . . . 105
MulnaJf.v. T .i................ 145
jrasssn ( Brooklyn), ...... IW
People’* tBroeklyot......
By Messrs, Adrian H, Muller & Son :
Star
..,.1102
CcnsclA 7A 1902 ..,0 * 0 (1 1 0
1*3 168
C ta S x V ft * lMhlJS.-.'Hk. . ... • 130* T 1»?M*,T5 s; 1 ® 7 * - " " 3 * J 107.......
1st mart, 1898 ...A * 0 :1 0 5
Ts-nnty-tMrd S t —Stock.. . . . . 300
Bond*.
*12,000 ST. y . Concert {Com
pany, Urn., 1st Us. 13 97..*1 ,000
Urn.,
*5 0 each
,sr>
50 S st ona! Park B a n k ___293
,50 M erchant,’ N a t Hank... 150
Wire G »n O i., Temp.
S U eer .
W ee k .
Share*.
200 S . V, Concert Co.
S
a m u e l
D ,
BAJfKERfl AND DEALERS
D
a v i s
&
C o .,
tN INVESTMENT 8E 0U B IT IE 8.
S O . 4 4 W A L L S T ., N E W Y O R K .
Bajsurt, D . D a v i *.
Mimaber M. Y . Stock Exchange.
C h as . B. V a k N o s ir a u d .
THE
754
outstanding. The totals are furnished as usual, and the
figures for last Saturday (Oct. 28) as compared with those of
the preceding Saturday show an increase in the reserve of
$9,040,400. there being a surplus over the required reserve
of §48,787,475, against §42.640,775 the previous week :
'iTlue igaufejers' © a le t t e .
D IV ID
E N D S .
When
Payable.
Per
Cent.
Name o f Company.
Chicago & Alton pref. (q u ar.).,.
Do
do
com (qu ar.)-..
Manchoster & 1 awreuce...............
Nashua & Low ell.............................
N Y . Susq. & W e6teni p ref.........
I*em.e>y-\ ania....................................
Pitt?. U d . i hie. & St. L. pref----It si u k * .
Chen leal National (bi-monthly).
fou rteen th Street..... ......................
State of New Y o rk ..........................
iTi t M -e b a itc o u H .
American Cotton Oil pref.............
Erie Teleg. & lelep. quer.).........
Unite» Slates Rubber pref...........
V
4%
lk
2%
2
25
3
3
3
1
5k
Books Closed.
( Days inclusive.)
%
Dec.
Nov.
Nov.
Nov.
Nov.
Nov.
1
1
1
27
29
15
Nov.
Nov.
Nov.
1 ------------ t o ------- 4—
1 ------------t o --------------10 Nov. 1 to Nov. 10
Dec.
Nov.
Jan.
3 Nov. 19 to Dec. 3
20
15 ----------- to ---------------
------------t o --------------Nov. 16 to Nov. 27
------------to --------------Nov. 5 to Nov. 14
W A L L S T R E E T . F R I D A Y , N O V E M B E R 3 . 1 8 9 3 - 3 P. M .
c r ii-is .
1899.
,------------------ 1893.------------------.
Atchison Top. & S. Fe..
Chic. Burl. & Quincy...
Chicago .v North we t’n
Chic. .» il. & St. Paul .
(’hie. Rock Isl’d & Pac.
Illinois • entraJ............
Mo. Kansas x exas...
jv-issoun Pacific...........
Texas & Pacific............
Wat-ash
...........
39%
103*
110
S-H
8>%
103%
36k Jan.
103% Jan.
ll<-% Feb.
83* Jan.
89% .Jan.
104 Jan.
16 Jan.
60 Jan.
11 Jan.
12% Feb.
36
21
1
23
23
25
25
21
19
9
12% July
July
84% July
46% July
51% July
86 July
8 July
16% July
4%. July
5% July
N. V. Central & H. B...
N. Y. Lake Erie x
’n.
Pennsylvania*..............
Baltimore & Ohio------Lake Mi. & vich. Sc...
.Michigan Central.. —
Clev Xin. Chic. & St. L.
in %
20%
111% .3an.
26-% Jan.
55%Jan.
97% Jan.
134% Apr.
108% Apr.
60% Jan.
25
25
k7
24
8
9
23
92 July
7% July
46c July
54% July
104 July
79% Aug.
25 July
Northern Pacific.........
Union Pacific................
tSoUi/'n n - _
Chesapeake & <^iio —
j ouisville A Nashville.
Not folk A We.-t’u pret.
IPu
22%
f>o«
40
Central of New Jersey.
Pel. Lack. & West’n. .
Delaware & l ludsufi...
Phiiadeb liia & Jtead’g.
I'YX
354
American Cotton nil...
American Sugar Ref g.
American obacco......
Chicago Gas...................
J'istill’g& attle Feed.
General Electric...........
National Cordage.........
do
do new..
National 1 ead..............
W oteru Union Teleg’h
»n i
Western) d Southw'n-
Iru n k Lines—
P icn ic railroads—
6i%
K>M
I lk
mi
3«K
33394
no
Coal Cun i n s —
JrmusVlsc nd Mis.—
5fc%
llo-K
124%
«6%
315*4
rw i
mi
Highest.
Lowest.
1893. 'rom
Nov. 3. Lowest.
26
31
18
39
26
28
31
20%
8%
104%
66%
69 u
94
iaj<
26%
8%
8
8%
13%
19
19%
IS
8
4%
10
3%
26
26
26
27
31
21
26
103%
14%
50%
75%
127
101
85M
11%
6%
4%
90%
23
21%
1044
38% Feb. 14
4*% Jan. 27
Aug. 19
15% July 26
7%
17%
3%
2«
26 Apr. 6
77%Jan. 21
39% Jan. 23
32% July 26
43% Oct. 10
16% July 19
20%
50%
8%
«%
319
375
130%
21
35
48
27%
»
101
92%
66%
3-%
47
10%
39%
51%
27%
20%
37
£26
28
80^
22H
132%
175
139
53%
31
26
26
Jan.
Nov.
Jan.
Jan.
21
3
27
25
84 July
1 7 July
102% July
12 July
51% Mar.
134% Feb.
121 Jan.
94% Jan.
hi % Jan.
114% Jan.
147 Feb.
75 Feb.
5-% Jan.
101 Jan.
3
6
3
21
3
16
10
9
21
20
24 July 2G
61% July 31
43 July 31
39 July 81
12 July 31
30 July 29
135% Jan. 13
+7 Aug. 25
18% Juiy 27
67% July 26
$50 shares.
+ Trust receipts; 1st assessment paid.
eipts; 2d assessment paid.
26
27
96
29
2'A
19
£ Trust re-
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 2 per cent,
the average being a little less than 2 per cent. To-day rates
' on call were 1% to 2 per cent. Commercial paper is quoted at
5 to 6 p. c.
I he Bank of England weekly statement on Thursday showed
a decrease in bullion of £585,004, and the percentage of
reaorve to liabilities was 44 93. against 46 86 last week; the
disc Hint rate remains unchanged at 3 per cent, The Bank
of franee shows a decrease of 4,050,000 francs in gold and
an increase of 975,000 francs in stiver.
The detailed statement of the Clearing-House banks will
not again be issued so long as there are any loan certificates
1893
Oct. 28.
DiJJeren'sfrom
Prev. week.
1892.
Oct. 29.
1891
Oct. 31.
$
Tnc .3 ,28 5 ,1 00
Dec.
79,700
In. 1 1 ,5 7 4 *0 0
In c . 846,00«>
In c .8,1 9 4 ,4 0 0
Tnc .9 ,04 0 ,4 00
I n c .2,**93,700
$
6 0 ,4 22,700
68 ,2 3 3 .5 0 0
449,1 12,800
5 ,636.300
4 5 7 .0 5 0 .lo
7 2 ,8 50,900
45, 0 >,300
118,156,200
114,202,525
$
5 9 .3 7 2 ,7 0 0
6 1 ,9 3 1 ,0 0 0
4 0 7 .9 7 4 ,2 0 0
5 ,5 9 1 ,2 0 0
4 L 8 ,109,100
8 3 .0 4 4 .9 0 0
3 3 .3 3 5 .9 0 0
116,88 0 ,8 0 0
104,542.275
4 8 ,7 8 7 ,4 7 5 In e.6,1 4 6 ,7 0 0 (
3,8 9 3 ,6 7 5
12 ,3 3 8 ,5 2 5
$
Oapital-................. 6 0 .4 22,700
Surplus ........... . 71.594.80n
Lioans and disc’ts 39 7 ,3 2 4 ,8 0 0
Direulation........... 14.610,800
Net deposits....... 4 3 3 ,2 61,700
S p e c ie .................. 96,5^ 4,500
Le^al tenders___ 60,538,400
Reserve held....... 3 5 7 ,1 02.900
^egal re se rv e .... 108,315,425
8urplus reserve..
Foreign Exchange.—There has been only a moderate sup
ply of cotton bills this week, and the selling of stocks for Lon
don account has been considerable. These two influences
have sustained the drooping rates for sterling bills the past
few days a trifle above the gold-importing point. To-day ae
rates were easy, as follows: Bankers’ sixty days sterling,
4 81@4 81JC; demand, 4 83%@4 84; cables, 4 84J^@4 84^.
Posted rates of leading bankers are as follows .
November 3.
Sixty Dayt.
Prime baDkers’ sterling bills on London..
Prime c o m m e r c ia l......................................
Documentary commerci 1 . . . . . . ............... .
Paris bankers ifiancsl......................................
Amsterdam (guilders) bankers....................
Frantforr or Bremftn(re1cnmarks)b’ nker8
4 8 1 ia ® i 82
Demand.
4 8 4 % ® ! 85
4 8 0 ^ ®4 80tfl
4 SO ® 4 SO m i
................
5 23 3 1 0 5 2 3 ’s 5 2 lL t® 5 205s
3 9u i,e® 3 y 7s
.40% r40»ld
9438094%
i
95
095%
The following were the rates of domestic exchange on New
Y o r k at the under-mentioned cities to-day: Bsvannah. buv ng
14 discount, selling ys discount @ par; Charastoc, buying
Ys discount, selling par; New Orleans, bank, par, ommer-ia), §2 00 discount: Chicago, 75c. per $1,000 premium; St.
Louis, 60c. premium.
United States Bonds.—Quotations are as follows:
Interest
Periods
Oct.
28.
Oct.
30.
Oct.
3L
Nov.
1.
tOC4
The Money Market and Financial Situation.—The
great historic fact is accomplished ; the silver purchase act
of 1890 is repealed ; the United States will hereafter have the
same monetary standard as the other great commercial
nations of the world. It was rather an interesting coincidence
that on Wednesday, Nov. 1, 1893, the repeal bill became a
law by President Cleveland’s signature and on the same day
the Clearing-House Loan Committee in New York canceled
the last of their certificates issued in the financial crisis.
It does not minimize the true importance of rep-al that
speculative stocks have at first declined on the sales of shrewd
■ operators in New York and London, who have taken advan
tage of the great rise of last week to reap their immediate
profits. Nor is it significant that there is a great deal of
j_n umy talk of poor business, decreased railroad earnings and
l he general disaster that has been produced by the silver
This has all been known for months, and what was
■ expected after the silver law should be repealed? Was it
supposed that business activity would revive in a week and
In ipht and passengers would begin to pour over our railroads ?
Bud* expectations would be utterly unreasonable. But the coun
try is now on a. bin is that will *liable men to calculate with
greater certainty, and to go into enterprises of every kind
with only the ordinary chances and difficulties of business to
contend against. Before this, we had in the silver inflation
a poison that threatened to sap the vitality of every business
•enterprise and every investment.
The advance in stocks from the lowest prices of the
summer lias already been large, and the following shows the
prices of leading stocks as mentioned:
Advance
Nov. 4.
[V ol . LVIT.
CHRONICLE,
2 s , ..........................reg. Q.-Meh. * 97 * 97 *x 36 * 96
* 96
4s, 1 9 0 7 ................ reg. Q .-J a n . •111 *111
*1 1 * m
*111%
4e, 1 9 0 7 ............. coup. Q,-Jan . *111
*111
*111
n u
*111%
*102
*102 *102
t>8, our’cy,’ 9 5 ___ reg. j . & j . *102
*102
6s, our’cy,’9 6 ___ reg. J. & J. *104 * 1.114 *104 *104
*104
6a, oar’c.y,’ 9 7 ___ reg. j . & j . *106 *106 *1 -6 *106 *106
*109 *109
6s, oar’e y ,'9 8 ___ reg. j . * j . *109 * l09
*109
6s, oar’cy,’9 9 -----reg. J. & J '1 1 1
*111 * i l l
'1 1 1
*3 1l
*Ttusls ta e n n o e old a tta e m o rn .4 . b oard , ao . a - . was ..a le .
Nov.
3
* 96
112
*111%
*1 0 i
*104
*106
*109
*111
State and Railroad Bonds.—Sales of State bonds have
included §65,500 of the new Virginia 2-3s of 1991 (foreign
bonds sold ‘-s. 20 or 30 f.”) at fi2y~52%-. $50,000 S. C. 6s, nontundable, at 2; §2,000 Ala. “B” at lo4; §3,000 do. A. at 98;
§2,000 do. cur. fd. 4s at 90; $20,000 La. cons. 4s, new, at 96.
Railroad bonds have had a fair business for investment on
a well-distributed demand. Prices are generally well sustained
at the advance recently established, and there seems to be no
reason to anticipate that the bonds of railroads having a good
prospect of earning their interest will again go backward to
anywhere near their recent low figures. The bonds of those
companies that have yet to undergo reorganization must
necessarily abide the results of their respective settlements,
but the bonds of solvent railroads should rule at steadier
prices hereafter. There have been no special movements of
importance; the Louisville N. Albany & Chic, consol. 6s have
moved up to 99 and the genl. mortg. 5s to 69. Atchison 4s
close at 71y and Mo. Kans. & Texas 4s at 79J4; Reading in
comes are lower in sympathy with the stock. Ches. & Ohio
bonds have been strong.
Railroad and Miscellaneous Stocks.—Last week the stock
market went up with a boom when the news came from
Washington that the silver men had surrendered and that re
peal was certain. This* week, after the fact has been ac
complished and the repeal hill has actually become a law,
stocks go down steadily under all sorts of dismal talk on the
part of the bears. This is just about what might have been
expected, as it has been the rule rather than the exception
in the past that every great event is “ discounted” is its prob
able result, and in two or three days the leadirg operators
force all the advance that might reasonably tale place in a
month or more ; then come the sales to realize : nd prices go
downward. Aside from these general facts bearing on the situ
ation there has not been much to affect the values of par
ticular stocks this week. The New England directors ap
proved the contracts for building to New York, but no agree
ment with the Manhattan Elevated people is yet shown. Rail
road earnings are improving somewhat, but the World’s Failbusiness at Chicago is done with. The Louisville & Nashvillelllinois Central deal in taking over the Ches. Ohio &
Southwestern seems to be favorably regarded.
The American Cotton Oil Co. report is published more fully
than most of the other Industrials, although the year has not
been favorable. Prices elsewhere give the best Information as
to the market.
THE
N ovember 4, 1893.j
NEW
C H R O N IC L E
YORK STOCK E XC H AN G E — A C T I V E S T O C K S f o r
w eek en d in g N O V E M B E R
7 5 5
3 , a n d s in c e J A N . I , 1 8 9 3 .
HIGHEST AND LOWEST PRICES.
Saturday,
o c t .-s .
M onday.
Out.SO.
Tuesday.
Oct. 31.
W ednesday,
Hoy. 1-
Thursday,
S o y . s'.
STOCKS.
Friday,
Nov. 3.
Sales
o f the
Week.
Shares.
A c tiv e K M . S to c k * .
Range o f sales In 1893;
Lowest.
Highest.
12% July St 36% Jan. 10
1% July 25
53* Apr. 29
5*% July 27 97% Jan. 24
66 July 27 90% Jan, 16
34% July 27 58% Jan. 13
S4 July 26 132% Jan. 21
l!9
110% 110
l U. % 116
11«
12% July 26 26 Apr. 8
126 Aug. 16 U 5% Feb. 1
137 ........ '1 3 7
....... •137
69% July 26 lOST; Jan. 21
88% « 7 % S 3
-7 •
52% 85%
51 Aug. 21 72% Jan. 2 5
56
56 i 53
5n
63
53
580 b5 A lls. I . 105 Jan. 23
S»S
99 1 93
«3 ‘
..........
33S.52** 46% *mv 26 83% Jan. 23
63% 08%
1,619 100 July 26 126 Jan, 23
121 121 ! 119*4 ; 20 *i
• y 120%
21,645 84% July .-6 116% Feb, 1
104 106%
a i « % lo 7 % 106%
37 128 Aug. 1.8 146 Jan. 20
140
HO
..........
*VJ<
139
72,9*9 51% July 31 89% Jan. : 3
6.8% 7 *%
14,546
24 July 28 58% Feb. 9
2 0 m 3i-w
a i % 39%
37 % 38%
1,372 94 Aug. 23 1 21 Fell. 3
1 ,2
n o
1 X1 % l i e ’ * 1 1 -H 1 1 2
9,715
25
July 26 60% Jan 23
3 5 % 36%
7* G e t 13 98% Jan. 30
4,295
11
%
Aug. 2 32% Jan. 1 9
22% 23 ; 22% 23%
2 2 % 22*s
59% A ug 2 73% Jan. 17
*64
07 | ««4
70
-64
70
4,499 102% July 26 1 9 Jan. 27
129% 130
ISO 131% t*2s% 13u%
19,5s0 127 July 27 175 Nov. 3
168% l? o % 1 6 8 171
163% 170
4 oil
10% Denver A Rio G ra n d e .............
8% July 13 18% Jan. 21
“9
10%
10% 10%
99 H
*9% 10%
2b
2 5 % 2.4%
2a'»i 29%
£7is 28%
29%
5,2a3 24 July 19 57% Jan. 23
Do
pref.
27% 2 -%
29
2#%
% July 3
100
f)-- Feb. 4
1 East Tennessee Va. A G a .......
l
*%
%
’% l
%
1
%
1
*%
•a
15
*8
15
10 Juno 3 35% Feb. 3
15
*8
is
-6
15
Do
1st pref.
*6
*6
15
'*»
2 July 7 11% Fob. 3
*2
5
*2
5
*2
6
Do
2*1 pref.
•2
6
2%
6
76
*T5
HO
76 Evansville A Terre Haute.—
470 03 Sent. 6 152 Jan. 12
80
*78
S6
*76
SO
*75
30
80
lia
lib
107% 107% Great N orthern,pref...............
H<9 112
2 0 0 100 July 27 142% Feb. 7
‘ 110 112 •It 9 112 •103 112
94
iiti
94
84%
97
3,020 6 6 July 18.104 Jan. 25
94 Illinois Central.........................
94
U4
04% »» %
93% 95
•7%
5 July 25; U
Jan. 25
a
1,260
8%
7%
8%
*8
»%
8%
•8
#% Iowa C e n t r a l............ ............
3
8%
25
2 >% 23% 27%
2.7
25% 25%
25
1,636 12 Ju y 27 37 Jan. 16
Do
pref.
28
23
28% •29
I 8% 18% 19
18% 16% Lake Erie A W estern..............
18
2.859 1 2 % July 27 25% Jan. 14
17% 17% •17% 18
•8
18%
7u% 70%
t.y * 69%
1 ,2 /9 53 July 31 82 Jau. 18
C *% 03 % *63% TO
«■*% e »
70
70
Do
pref.
* 2 8 % 12 >
5,078 104 July 31 134% Apr. 8
127 127% 127% 127% 12o% 127 Lake Shore A Mich. Southern.
124 129
l 27 128
*35% w?%
100 ito July 27,118% Jan. 2 1
97%
07%
07
97
97%
*90
98
Long
islan
d
..............................
•9,5%
*05
48% 50% LomavUle A NasttvHJe............ 41.454 *3% Oct. 10 77% Jan. SJ
51% 52%
51
hi
•»7% 49%
49% 61
*•**•'- 51%
lo % I t
b% July 27 27 Jan. 1 4
10
4,570
10
10% II
U*‘% H %
Looter.
Sew
Alh.
A
Chicago..
to
%
io
%
10% 11%
«
*3
t;
*3'
8
4 A Out. 22 27% Ian. 10
•3
*3
6 U «a»v llle S i. Lorn* A T e x a s .
6
■3
0
-3
7.408 1 0 0
1$2% 134% 131
July 26 171% Jan. 1 3
133% 135
134
132 133% 133 133% 1 3 1 % 132 Manhattan E levated,consol..
lo l
101
Michigan Central......................
99% 100% 101 104
1,886 79% Aug. 21 10e% Apr. g
lo t
io i
10 1
loS .
6
Aug. 3 It 19% Jan. 1 4
T i " 13
1,110
13
13
12% v s
12% 12%
11% 13 Minneapolis A fit, L,. tr, ri els
12
»A
34% 31 ,
-32% 35
530 18 July 31(149 Jan. 1 «
31
34% •34
Do p ref., ir. reefs
36
31% 34 % *31
86
12% 12%
g
July
19 16 Jau. 25
1,245
13
13
13%
*12*s
13
12%
Missouri
Kansas
A
Texas
.
.
.
.
• i.% 13
23% 23%
22
■id
23 6,5 3 13% July 27; 28% Jan. 1 0
22% •23 % 2 3 % 23-5
Do
pref.
23
2*1
20 n
16%
July
26
60 Jan. 2 1
2.->%
25,498
27%
2ft
27%
M * » 2* %
W
H
2 .%
20
27%
Missouri Psolflo........................
*15% la
415
io
ie
6 % J u y 20 37
Feb. i s
15
15%
15% 15%
15% 15% • U s 15y Mobile ft O h io,.........................
*60
70
*60
70
’ 00
m
62
55
Aug.
4
90
Apr. 18
70
r
70
*60
Nash v . ChattanoogaAdLLtmis
“0 0
70
103% 101
102% 1<H
5,270 ‘.*2 July 2 6 1 1 1 % Jnn. 25
103 104% I u3 t» 103% 1 0 3 % 103% 102% 1*3% New York Central a Hudson.
17% i ’ »*
3,580
9
’
*
July
1
Si
2
0
%
Apr.
g
17%
IS
15
17%
17% 17%
17% 17%
17
10%
New York Ohio. A 8t. Louts ..
*66
!.8\
•lih
•6.,% 66
65% t5 %
67
600 45 July 26 78 Jan. 23
65
t>6
66
Do
1st pref.
33
33%
1H
July
*ti
41
Apr.
5
•Si
34
1.60S
33
34
31
*^0
33
31
33
*3*
Do
2d pref
15% Id
7% July “it*j 26% Je.n. 25
11
13%
14
14%
11% 14 M New York Lake E r ie * W esfn 13,136
14% 14%
14*4 11%
15
July
26
58
Jan.
2
4
3
0
32
32
300
2 9 % 29% •iW*S
Do
prof
"rii% ‘ *3»V% 33% 35%
32% 34
32** 3 3 % New Y ork A New England ... 95.496 16% July U 52% Jan. 1 7
33% 35
3 2 % 33%
* .9 0 14*7
20 18 8 Sept 28 262% Jan. 1 9
19>% 1 » 7 m 197% lu7% 191 198
196 .......... *196 . . . T. New York New f l a t . '* Hart.
*10
12
11% 1 %
8
Aug. 31 38 Jan. 2 4
*9% 1 0 %
Sue
!>
10% 10%
9
“3% 11%
17% 1 b %
i
t
**;
17%
17
Is
July 16 19% Jan. 2o
18,876 1 1
17
16% 17%
1ft a
17
17%
8.3,80
1 6 % 16%
16% 16
16% 1 0 % New Vor* Bas*j. A West , new.
14% 1*1% 15% 16%
16% Hi%
8 July 27 t i ll 's Jail. 23
48
40%
47% 40
45% 43%
Aug. 18 4 *3% Jan. 23
4,300 3.1
47% 4s
43 % 49%
Do
new pref.
48% 49
..... ......
9% Jan. 10
5% July 3)
. . . . . . Norfolk A Western-------- ------- ..... .... .
*22% 24
l o % J u ly 1 »
32% *21
39% Jan. 2 3
• ii"
*21% *22% *21
Do
pref
7%
7%
7%
7%
7%
3% Aug 19 18% le t,. 14
7%
5.08*
7%
7% Northern P a cin o......................
7%
7%
7
7%
24% 25
22% 2 1 '0,21/0 1 5 % A u g . 16 5o% »el>. 0
2 2 % 23
24% 23%
2 3 % 23 % 2 2% 23
Do
pref.
2U
*15
11 July 21 26 Feb. 1
*15
20
*1 5% 2 0
50
*25
25 May fi 49 J sn. 25
50
5o
SO
m•2 6
*25
50
27
27
*27
29
34
*25
3.7 Dragon R’y A Navigation Co.
29
*27
45
405 25% Oct. 1« ~ 1% Jan. 2 3
‘ 27
35
II
*6
•7
8
2 6 Jan. 1 0
•ft
$
250
5 % u e t. 19
u Oregon 8b. U na A L tab North
9
*7
9
*7
9%
8%
3%
8\
18% Jan. 2 1
4
J u ly 2 6
8
770
•8%
if
8%
n%
9 % Peoria Deca*ur A Evansville.
9
9
8%
23
22%
21% 22%
19% 2 1
19% 32%
2 0 ‘s 22%
20% 21%
Philadelphia A R eading........ 8 7 ,4 2 8 12 July 29 53% Jan. 2 5
16% 15% *15
1«JS
210 11 % Aug. 2 21 % Jan. 24
1B% *15
*15% 17 Plttstmrg Clan. Chic. A 8L L
18
18
16% •15
*50
53
*51
63
1,308 Mi July 27 02 J *n. 24
53
S3
53
53%
Do
pref.
53
68% 58% *53
4%
I*
Feb. 3
1% Aug, 10 If 1 2
4 M la%
13%
3% Rich. A W. P. TerT, tr. reel*.
4,81)3
13%
34.
3 ’S
:j %
3%
17 V IT
17
5 -6 10 Aug. 2 1 ,|13 Fob. 0
17
*15% 17 m
* 18
17
Do
pref.. tr. recta.
*16
18
15% 16
15% 15%
60 10 OCt, 5 2 2 J tn.
Rio Gran le W estern..............
■10 Bent. « 62% J in . 28
::::::
...... ...... ......
Do
pref
"*T *
•210 3% July It 7% J in . 18
*5
0 at. L oud Houthwestern.......
*4%
8
795
0 Ju>y26 15 Jan. 1 3
10
•9
9
9
*11% 10
9%
i/o
pref.
»*s
200
22
e a r . 111 47% J ill. 18
27
•26% 27
27
*28
27% *25
•Mi
*-»3 100
-BO 100
....
90 Aug 24 108 J 110 . SO
•90 1 0 0
Do
*90 100
pref.
104% 100% T 04
110
155
95
July
27 1 16% 1 8 b. 14
*lo3
107
8
t
Paul
Mina.
A
Ma
TO* 107
2,3* 0 17% e -p i *5; 3 5 m Jtn. 1 0
15% 10%. Southern Pacific Co.
ls % 19%
19
19
18% 18%
6
,
1
.
1
0
4%
July
MS 11 Jan. 19
3%
0%
8%
3
8>a
Texas
A
P
acin
o.......
w**
8%
8%
1,5 O
7 A *1 g.
91 40% Jnn, 31
y
8%
8%
8
"•<% 9 Toledo Ann A fi.or A N, Mich.
8%
9%
40
100
22% Ana. ’ 60 Js.a. 1 7
*3i,
40
40
40
*38
45 Toledo A Ohio Central...........
*36
80
io n « 3 % U .t 21 86 Jt.n. 7
•72 s o
d„
pref
80
*7o
*7 i
71
74
17% 19
15% J u ly 26 42% Jan. 27
17% 1HV
17% 18%
1 . % 17 % Union P a c ific ........................... 39,310
2*0
f> J iiiv26, 18% Jau. 16
7
7%
*6%
*5
7 Union Pacino Denver A Gulf.
-6%
*0
7%
1.976
5% July a* 12% Feb.
9
8
8 A anas*........ ..............................
7%
?%*
8%
8%
7,055
.9% July 2 6 20% Feb.
7
16% 17518% 16%
16
l<-%!
Do
pref.
15,910
10
July
20
23%
Jan,
17
1 •% 1 5 ,
15
15%
14% 1 5 % (Wheeling A Lake E rie.......
2,1*20 31 July 21 67% ,lan, 17
62
625,; 5 I* » 52%. •/»% 51%;
Do
pref
660
1 % Aug. 1 6 15% Jan. 23
6%
6%
*6%
7 !
'*-*% 7 (Wisconsin C e n tr a lO o ....___
> .U )* ^ e ii* ia u o u » ,st<M k « .
I
, „
37% 39%* 37
38%
37% 89%
33
31% American Cotton Oil C o......... 18,732 21 July 26[ 51 % Mar. 3
32% 39%
7e% 7e%
7(,% 76%, 77
7.-%
74
70
Do
pref
4,349 5 o
Jury 26 8-1 Feb, 4
75% 77
.. 104% 105%
99 103
9 7 % lo l
Am. Sugar R ef.C o ................... 201,4 7 61% July S i 134% Feb, 6
09% 102%
&8% 93%
93% 94
90% 91 !
Do
p ref.
4,151 H6 % July 311104% Jan.
9
01
93%; sn«s 92
91% O H
89
m
, 89% 92 i fcb
H9
92%
90%
9!
92% American Tobacco C o .............
0,311
43 July 31 121 Jan.
m u , (48%
100% 10o% 100% 163
.100
..
................
1 0..2 % 1 0 2 %. *94
*118
1*2 :
Do
pref.
265 75
July 81 110% .Jan. 3
10 0
102
"5 -1 <VJ'H M l
1,4% (!)
0 2 % 6 « % !Cbicag*} Gas Co., trust ree’ f - . 162,617 39 July s i 94% Jan. 2j
«7 % 05% 06
12% 13
*■•
13% 14
12% 12% “ 11
*10
12 (Colorado Coal A Iron DeveU.
500
8 % A ug 39 25% Fob. 7
13
*12
13
2«% 27%
27
27 %
24% 25 I 24% 25
*24
24%|Ooiorado Fuel rklron ...........
2,108
17% Aug 15 72 Feb. 1*
24
25
136 136*8, 133% 135
133 131% 134% 135% 135% 130
135 135 iCoosondabwt Gas C o............... ! 3,8X2 108 July 2 . I l l Jau. 2 „
33
34
3 3 *, 35%
31% 34%: 32% 33%
32
32% Distilling A Oattie Feed’gCJo. 82,60.1 12 July 31 66% Jan.
32
33%
50% 51% 48% 61 | 46% 49 i 47% 43%! I-*% 48
44% 47 General Electric C o ................ 2 4 .0 ,0 30 July 29 111% .Ian. 1 „
37% IFF
27%
124% 20-V
17.086 17 Aug. 25 in 47 Feb. l "
.25
26% 12.5% 20%; t25
26 National Cordage Co., new
‘ .-/6
lib
02 *:.*,*/
#13 ‘ ; t t
«i>
02
*:M»
63
60
Aug. 23 1)8% Jau. 2*>
106 122
. . . . 00
;52
52
• .50
60
do
pref.
29
29% 27% 29% 27%
28%
3.16*, 19% J uH 27 52% Jill). 2 ?
27% 28% 27%
27% 26% 23 National Lead C o.....................
80
Sj«% 78% 80%; 77% 7 8 j 78
4 ,2 7 3 43 July 26 98 Jan. 2 l
76
77
76
Do
prof.
78 . 74
5%
8m
2% Aug. Hi 11 % Mar. 2<>
5%
6%
5%
5%l
2,980
5%
6%
5%
5%
*5% 5% North American Co
11
11%
8 Aug. 28 21% Feb. 9
12% *10% 1 2 a Oregon Im provem ent C o .
H % 11%; *10% 12 I 10% 12% *11
400
16% 16%,
18%
10%
8% July 27 27% Jan. J
7 .7 4 0
0% IS 1 19
19%
18 10% ’
IS
18%
* * ‘-**Pacino Mali . . . .
72% 7 i% *72 . . . .
72
72
*73
Pipe Line Certificates— . . . . 6 3 ,0 0 0 52% Jan. 18 72% Oft, 2 «
m % 177
178 X 7 7
1 200 Apr. I^
2 .7 4 0 132 Aug
176 176%; 174%
175
73
73 '1 7 5
175% 176 175% Pullm an Palace Car C o..........
82 June 29 34% Jan. 1®
* 0 6 % ..........
Silver Bullion Certificates—
8 7 % Jan. 1 *
1 0 % * V f* ' " i s " ‘ i0 7
10%
A
uk
10
3,520
fjssee Coal A I r o n ..........
16% 16
13% 13% *15%
15% 16%
59 July 31 102 Jan. i *
Do
pref
60% Apr. U
17
Aug
17
'ffl,
42 . 41*'* *45
i',740
42
43% '4 4 " 44*
United States Rubber C o .......
T44*T 44% '42%
92% 93% 91% !*3%
pn:h
07% WOvlwest—-n * mnn 1 *-,„vr»nh . . . . 191,7 0 i .7% J „)u 26 lo t Jan. 2S
H-%,
878» 00 % :
22
2%
73%
73 u
52%
21% 22%
2%
3
75% 76
77%
7 3 v '73% 7 .%
..2% 52
53
23%
20% 21%
2%
2%
75% '
1
*73 71%
51 52
20% 21%
19% 20T*s Atchison Top. * Santa F e
21%
2%
2%
*.■•% 2% 2%
2% Atiantlo A Pacific......................
75% 75% 77*% 75% B altim ore3: Ohio................... .
73% 75%
71% 71%
73
7»%
74% 74% Canadlaa Pactfio................... —
52% 52% 50 % 51% Canada Southern....... .............
51
52%
117 11«% 1 i 6 m 119
Hs
113 Central o f New Jersey............
20
21
19% 20% Chesapeake *feO., vot, tr, cert.
'137
137 ........ *137
150 C h ica g oA A lton . . . . . . . . . . . . . .
82
84%
*5 7 % 5 »% Chicago A Eastern Illinois----*57
58
*97
Ho
pref.
99
•9 7 % 99
61% 66% Chicago Milwaukee A St.PaaL
61% brit6 65
1-20
120
120%
Do
pref
120
120*4
*419
1 0 4 % n*5% 103% 104%
104% 106
pref
138% 139%
Ho
Aeifio
07% 69%
68% 70%
65*4 63%
3
7%
39%
AOtu
38 % 39%
33% 39%
pref.
112% 112% 110% 111
•111 112
t. L ...
30% 36*-, 33% 36
33% 36%
pref.
Do
21% 22
224s 22%
none Hooking v at. A Tol.
22
22%
70
*84
87
Do
pref.
61
70
*64
130% 13o% Delaware A H udson................
13*'% 130% 131 131
175 Delaware Lackawanna AWeat
171
173% 172
1*8% 172
20%
93.247
970
3,1*5
L5
3,o SO
1,923
50,637
‘Too
£1
„ * I h e s e are bid and asked; no »alO made.
5 Lowest is ox dir.
JOldoorts,
t First lattalinoat y.uh
1 24 Instalineat path.
THE
756
[[VOL. LVII,
CHRONICLE.
NEW YORK STOCK EXCHANGE PRICES (Continued)—IN A C T IV E STOCKS.
Range (sales) in 1893.
Nov. 3.
I n a ct iv e Stocks .
IT Indicates unlisted.
Bid.
Ask
R a ilr o a d Stocks,
170
Albany & Susquehanna............ 100 160
Belleville & South. 111. pref...... 100
Boston & N. Y . A ir Line p re f.. 100
20
Brooklyn Elevated II....................100
Buffalo Rochester & Pittsburg. 100
77
Preferred.......................................100
50
Burl. Cedar Rapids & Nor..........100
20% 20%
Central Pacific................................ 100
Cleveland & Pittsburg................ 50 1150
8
6^3
D es Moines & Fort Dodge--------100
22
40
Preferred.......................................100
7
6
Duluth 8o. Shore & Atlantic fl .1 0 0
22
17
Preferred H...................................100
15
Flint & Pere Marquette...............100
Preferred.......................................100
Georgia Pacific Trust ctfsfl— 100
Or. Bay Win. & St. P. tr. r e c ... .100
Preferred trust rects................ 100
Houston & Texas Central......... 100
88
Illinois Central leased lines— 100
8ia 10**
Kanawha & Michigan..................100
Keokuk & Des Moines................. 100
12
Preferred.......................................100
Louisv. Evansv. & St. L. Cons. 100
Preferred..............
100
40
41%
Lou. N. A. & Chic., pref erred.. 100
Mahoning Coal............................... 50 9 0
Preferred...................................... 50 100
Mexican National.......................... 100
Morris & E sse x.............................. 50
N . Y . Lack. & W estern................100
50
Norfolk & Southern...................... 100
4:
Peoria & Eastern........................... 100
Pitts. Ft. W ayne & Chicago— 100 J150
Pitts. & Western p f............. 5 0 J 30
175
Rensselaer & Saratoga................ 100. 162
108
Borne W at.& Ogdensburgh____ 100! 106
28
JBt. Louis Alton & Ter. H aute... 100' 21
140
Preferred........................................100 135
150
Aug. 165% Feb.
98
19
21%
70
45
16 3j
135
4
22
5
11
14%
45
May loatT Jan.
Aug. 41 % Jan.
Sept. 37 Jan.
Sept. 86 % Jan.
65 Jan.
July
29 % Jan.
July
157%
Jan.
July
9% Jan.
July
24 Mar
Feb.
14% Jan.
July
32 Jan.
July
Sept. 23 Jan.
Aug. 7 7 % Jan.
Nov. 3.
I n a ct iv e Stocks .
IF Indicates unlisted.
Highest.
Lowest.
(% Indicates actual sales.)
Bid.
10 *
9
47%
38
100
105
28
July
27
Aug.
49
Feb.
45
Oct.
Mar. 100
May 105
136 ~
99%
50
3
140
25
150
99%
20
150
Aug.
Aug.
June
Aug.
July
Aug.
Auer.
Alic.
Aug.
July
14
17
May
Jan.
Aug. 160
Jan,
M ig ce lla n co iia S to c k s.
Adams Express.............................. 100 1 4 5
47
American Bank Note Co IT...........
|American Express........................ 100 1 1 3
;Amer. Telegraph & Cable.......... 100 i 8 7
|Brunswick Company................... 100
91
Chic. June. R y. & Stock Yards. 100
Preferred.......................................100
Citizens’ Gas of Brooklyn........100
8%
120
17%
65
20
55
Preferred...................................... 100
Apr.
Mar.
Jan.
Oct.
M ar.
May
Preferred......................................ICO
17
lO ^
8%
7
163 " M a r .
114 Jan.
60 Feb.
9% Jan.
156 Feb.
42% Apr.
179 Feb.
112% Jan.
37% May
150% Mai
May
May
Virginia Midland........................... 100
14% Jan.
2 9 78 Jan.
7% Mar.
91 Feb.
14*a Jan.
July
June
Aug.
June
Sept.
Highest.
Lowest.
14
8
28
5 '
11
2%
80
10
Range (sales) in 1893.
Ask.
260
]
.
|.
45
-C able IF.
134
50
100 Aug.
651* Aug.
4 June
80 May
9 3 % Jan.
55 Sept.
72
80 June
5 July
9ia
180
Feb.
26 May
7 1 % Aug.
4 0 Aug.
9% Aug.
70
48
Aug.
25
25 Jan.
55 Aug.
70
921* Sept.
7 7 i* Aug.
6 4 Mar.
50
1 4 % July
6 July
6 Aug.
10
7 Sept.
9
260 June
118
83%
82 " F e b
16 %
13i* May
3%
2 Mar.
12 Mar. 2 0
13 %
7% Oct.
45i* Aug. 7 0 %
99
51 Aug.
125 Aug. 150
55
3
15
Preferred............. ........................100
I
1
50
55
87%
131’
125
. S. Rubber preferred.............. 100
'
1 2 0 % Feb.
92 % Feb.
9% Apr.
108 Jan.
93% Jan.
109 Jan.
1 1 1 % Jan.
29 % Jan.
185
Mar;
31 Jan.
131
Feb.
71 Jan.
26 Jaa.
7 4 % Feb.
25 Jan.
67 Apr.
1 0 6 % Jan.
100% Jan.
69 % Jan.
41
Jan.
3 4 % Jan
1 1 % Jan.
19 Apr.
300 Mar
Feb
May
Feb.
Feb.
Feb.
Jan.
Jan.
Apr.
t Actual sales.
* No price F riday; latest price this week.
NEW YORK STOCK EXCHANGE PRICES .— S T A T E BONDS N O V E M B E R 3.
SECURITIES.
Bid.
Ask.
98
Alabama—Class A , 4 to 5 .........1906
106
Class B , 5 s .................................1906
98
91
97
Class C, 4 s .................................. 1906
97
91
Currency funding 4 s ............. 1920
190
Arkansas—6s, fund,Hoi. 1 8 99-1900 1 2 5
d:>. Non-Holford
8%
12
5
78, Arkansas Central R R ........ .
Louisiana—7 s , cons........ .......... 1914 110
95% 97
New conols. 4 s....................... 1914
Missouri—Fund................1894-1895 100
for the week ending June
(00) in all cases.
*New York City Bank Statement
10,
W e omit two ciphers
1893, is as follows.
BANKS.
(00s omitted.)
Bank of New York.
Manhattan Co..........
Merchants’...............
Mechanics’...............
America.....................
Phenix.......................
City................
Tradesmen’ s
Chemical.___
Merchants’ Exch’ge
Gallatin National...
Butchers’& Drov’rs'
Mechanics’ & Trad’s
Greenwich_________
Leather Mannfac’rs
Seventh National..
State of New York
American Exch’ge.
Commerce................
Broadway................ .
Mercantile...............
Pacific......................
Republic........ .
Chatham....... .
People’s..........
North America........
Hanover............ .
Irving................ r.
Citizens’.................
Nassau...................
Market & F ulton...
St. Nicholas.......
Shoe A Leather.
Corn Exchange.......
Continental
Oriental___
Importers’ A Trad’s
Parte............
East River------ ---Fourth National—
Central National.
Second National—
Ninth National...
First N ational....
Third N ational—
N .Y . N a t Exchange
Boweiy.....................
New York County.
Germ an-American..
Chase National........
Filth Avenue.........
German Exchange.
Germania.................
•United Stales.........
Lincoln......................
Garfield...................
Fifth National . . .
Bank of the Metrop
W est Side.......... ..
Seaboard
.......
Sixth National.......
Western National.
First Nat., Br’klyn.
Southern National.
Bid.
SECURITIES
New York—6s, loan................... 1893
North Carolina—6s, o l d ........... J * J
Funding act.............................. 1900
New bonds, J & J ......... 1892 1898
Chatham R R .....................................
Special tax , Class I ........................
Consolidated 4 s ....................... 1910
6 s ...................................................1919
Rhode Island—68, cou.. 1893-1894
South Carolina—6s. non-fund.1888
2,000,0
2.050.0
2,000,0
2,000,0
3.000.
1.000.
1,000,0
750.0
300.0
600.0
1,000,0
300.0
400.0
200.0
600,0
300.0
1.200.0
5.000.
5.000.
1.000.
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600.0
500.0
760.0
500.0
500.0
1,000,0
1,000,0
300.0
1.500.0
2,000,0
250.0
3.200.0
2,000,0
300.0
750.0
500.0
1,000,0
300.0
250.0
200.0
750.0
600.0
100,0
200,0
200,0
500.0
800.0
200,0
200,0
300.0
200.0
60C,0
200,0
2.100.0
300,0
1,000,0
$
2.097.2
1.869.3
1,013,8
2.126.7
0
2.257.0
0
470.3
2.635.7
205.9
7.221.4
196.0
1.589.3
318.3
441.1
172,C
670.2
121,6
508.2
0
2.272.0
0
3.664.3
1.614.1
0
1.130.4
459.0
943.9
926.7
335.0
638.3
1.895.1
348.8
471.2
298.1
824.5
161.9
277.9
1.283.6
271.4
431.7
5,796,3
3.094.1
144.9
2.022.8
606.1
534.7
348.8
7,230,0
130.2
166.8
546.4
559.6
317.3
1.198.7
984.0
699.2
669.2
543.5
438.6
481.1
318,5
733.2
290.2
234.2
350.0
280.2
842.4
182.0
Loans.
Specie. Legals. Deposits.
11,200,0 1.770.0
12.677.0 1.342.0
8.277.4
828.3
8.173.0
701.0
14.459.1 1.448.7
3.635.0
476.0
14,489,5 6.043.1
2.382.5
303.4
23.350.0 4.260.0
3.443.0
463.2
5.395.7
744.7
1.687.6
239,9
2.513.0
217.0
1.200.5
132.3
3,101,9
390.0
1.592.2
252.3
3.305.2
57,8
16.753.0 1.016.0
18.316.1 1,525,9
5.004.6 1.016.3
7.183.8
772.8
2.998.0
163.1
9.689.8 1,621,1
6.148.8
828,0
1.999.7
169.1
5.151.6
656.7
13,092,4 3.637.3
2.675.0
371.7
2.684.3
350.2
2.670.4
245.9
4.170.1
471.2
2.201.1
191.3
2.638.0
345.0
7.858.2 1.049.8
3.604.8
983.6
1.912.0
177.6
20.540.0 4.253.0
21,053,7 6.018.5
1.097.7
98,5
16,389,t 3.608.1
7.095.0
913.0
5.077.0
834.0
3.066.3
435.0
20,602,3 1.455.2
5.010.8 1.107.5
1,490,2
90,4
2.960.0
518.0
3.199.1
760.0
2.591.7
311.8
10.988.0 3,229,1
6.481.7
988.7
2.858.1
163.3
2.8
L6,4 332.7
4.852.8 1.339.8
6.265.8
679.8
4.016.9 1.183.5
1,861,0
276.4
5,000,9
855.0
2.299.0
413.0
3.784.0
659.0
1.711.0
276.0
8,525,6 2.172.5
4.677.8 1.160.8
2.653.5
265.5
940.0
2.480.0
1.322.1
903.0
1.979.0
564.0
1.981.0
301.5
2.097.0
823.2
574.3
301.3
385.0
158.2
242.3
164.1
495.4
1.234.0
1.569.5
476.8
543.6
610.8
1.082.5
698.6
398.4
423.5
1.252.1
333,9
417.8
440.9
369,4
389.2
574.0
837.0
481.9
604.7
3.398.0
2.194.0
242.3
704.0
907.0
724.0
829.0
2.837.1
283.4
226,2
392.0
87,4
365.8
1.082.1
598,2
604.5
354.8
471.5
1,208,3
442.8
292.5
795.9
298.0
617,
192,
687,
237,
300,
9.860.0
13.578.0
8.284.2
6.244.0
13.799.2
3.228.0
19.280.3
2,461,6
21.953.0
3.902.3
4.591.5
1,832,9
2.605.0
1.138.4
2.532.8
1.739.2
2.463.6
12.121.0
11.903.8
4.390.6
6.507.5
3.383.9
10.434.2
6.237.2
2.887.2
4.745.3
14.524.9
2.548.0
2.975.8
2.871.5
4.151.0
2.340.4
3.193.0
7.470.3
4.369.4
1.970.0
22.141.0
25.145.0
999.2
15.640.3
7.493.0
5.977.0
3.638.5
17,701,6
5.239.0
1.360.3
3.265.0
3.553.5
2.390.8
13.245.0
6.157.6
3.224.9
3.295.9
5.865.4
6,393,3
5.201.6
2.046.0
6.060.5
2.520.0
4.273.0
1.574.0
8.898.5
4.848.0
2.258.0
Bid.
Tennessee - 6 s , old..........1892-1898
6s, new b o n d s ..........1892-8-1900
do
new series................. 1914
Compromise, 3-4-5-6s............ 1912
7
New settlement, 6 s ................1913
4%
1913
5 s ...........................
96
3 s ................................................... 1913
Virginia funded debt, 2 -3 S ...1 9 9 I
6s, deferred bonds..........................
2%
68, deferred t’st reo’ts, stamped.
30
10
15
3
2%
94
115
100
Ask,
60
60
60
70
100
107
100
107
68% 71
52% 5 3 %
5
6>*
5
6i*
New York City, Boston and Philadelphia Banks :
BANKS.
Capital Surplus
SECURITIES.
Ask.
Capital
Surplus.
N. Y o r k .’
$
Sept.30— 132.017.5
Oct. 7 — 132.017.5
“ 14— 132.017.5
“ 2 1 .— 132.017.5
“ 2 8 .... 132.017.5
Loans.
Specie.
$
392,494,4
393,341,8
395.716.0
394.039.7
397.324.8
Leoals. Deposits, t Circ’Vn
$
143956
149400
149568
14890.c
140108
$
420,624,6
514.214.2
484.649.2
504,930,0
545,371,9
Oct. 1 4 ....
“ 2 1 ....
“ 28 ...
64.642.9 152,696,3 9,510,6 7,388,1 133.661.8 9,331,4
64.642.9 153.444.0 9,640,0; 7,671,0 136.252.0 9.355.0
64.642.9 154.271.0 10,095,0| 7,704,0 138.539.0 9.315.0
78,218,0
77.100.8
79.632.8
Oct- 1 4 ....
“ 2 1 ....
" 2 8 ....
35.810.3 101.043.0
35.810.3 99.950.0
35,81^,3 99.853.01
R oston.*
P h ila .*
$
$
80,786,2 41,079,4
84,372,7 44,305,0
90,379,4 46,630,7
95,718,5152,344,0
96,564,5:60,538,4
$
390,980,4
400.195.9
412,456,2
421.688.9
433.261.7
94.479.0 5.862.0
93.621.0 5.884.0
93,703.0J 5.912.0
28.786.0
29.063.0
29.486.0
* We omit two ciphers in all these figures.
delpbia, the item “ due to other banks.”
t Including, for Boston and Phila
Miscellaneous and Unlisted Bonds.—
M iscella n eou s B on d s.
Ch, Jun.&S. Yds.—Col.t.g ,5s
Colorado Fuel—Gen. 6s..........
Col. & Hock. Coal & I.—6s, g.
Consol’n Coal—Convert. 6 s ...
Cons.Gas Co..Chic.—latgu.Sa
Denv. C. Wat.Wka.—Gen.g.Sa
Det. Gaa con. lat 5a.................
East River Gaa lat g. 5a.........
Edison Elec. 111. Co.—lat 5a .
Equitable G. & F.—lat 6s___
Henderson Bridge—lat g. 6a.
Hoboken Land & Imp.—g. 5a
Mich.-Penin. Car 1st oa, g ___
Mutual Union Teleg.—6a g ..
National Staroh Mfg.—lat 6a.
Northwestern Telegraph—7a.
Peoria Water Co.—6a, g .......
Stock Ex. prices.
M isce lla n e o u s B onds.
People’s Gaa & C. \ lat g. 6a. 100 b.
Co., Chicago___ >2d g. 6a. 100 b.
95 a. Pleas. Valley C o al-la t g. 6a.
102 %a. Procter & Gamble—lat g. 6a
81 b. Sunday Creek Coal 1st g 6s..
Western Union Teleg.—/s .„ *110 b 0
45 a. Wheel.L.E&P.Coal—lat g 5s
70 a.
87380.
U n listed B onds.
104 %a. Ala. «fe Vicka.—Consol. 5a, g.
Vicks. & Merid.lat 6 a ......
92 b
105 b. Amer. Deb. Co. col. tr. 5a ...
Comstock Tunnel—Inc. 4s..
5
Geo. Pac—1st 6a v. ctfs
91
__ ,3
105 b.
2d mort. income.......
85 b.
Conaol. 5s, g. c t f s ..............
34 %
104 u
i ncome 5a. ctfs.....................
10
Mem.&Charleaton—Con. 7 g
—
Note.—“ 6 ” mdioatea price bid; “ a ” price asked. * Latest price this week
Bank Stock L is t .BANKS.
America.......
Am. E xch ...
Bowery........
Broadway...
Butchs’ADr.
Central........
Chase.........—
Chatham.......
Chemical —
City...............
Citizens’ .......
Columbia—
Commerce...
Continental.
Com Exch..
Deposit.......
East River.
11th Ward..
Fifth Ave...
Fifth............
First............
First N., 8 . 1
Total.................... 80.422,7 71,594.8 414,400,2 t)9.620.s|4t).62S.0 41S~S9g.6 14th Street.
Fourth......
'"’ NOTE.—No detailed statement haa been issued since June 10.
Bid.
185
147
Ask.
195
152
200
170
122
350
4000
425
140
200
170
120
250
BANKS.
Bid.
380
4800
.....
100
276
178
280
2000
2500
114 125
207
Ask.
Gallatin........ 300
Garfield.........
115
Germania.... 300
Greenwich .. 350
145
200
-Latest prices of bank stocks this week.
Hud. River..
Im.<fc Trad’s’
Irving..........
Leather Mfs’
Lincoln.........
Manhattan..
M arket* Ful
Mechanics’ ..
150
555
145
210
350
160
240
175
10
165
160
Mercantile.. 200
Merchants’ -. 145
Mcrch’ta Ex. 115
450
180
230
155
125
5l)0
156
New Y ork ... 220
225
250
BANK8.
N .Y . Oo’nty
N .Y . Nat. Ex
Ninth..........
19th Ward..
N. AmericaOriental —
Pacific.........
P a r k ..........
People’ 8 ___
Phenix........
Produce Ex.
Republic___
Seaboard. . .
Second.........
Seventh ___
Shoe* Le’th
St. Nicholas.
Southern...
Stateof N.Y.
Third..........
Tradesm’n’s
Un’d States
Western . . .
West Side..
640
110
113
140
160
210
175
280
310
118
i30*‘
155
176
300
1.25
110
50
103
12*6''
170*'
120
127
90
112
100**
225
112
THE
N ovember 4, 1893.1
C H R O N IC L E .
7 57
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
a c t i v e S to c k * .
« Indicate* unlisted.
H T 81i*r© P r i c e * — n o t P e r C e n t a l s P r i c e ' Baiurn»y,
Oet.28.
2f
Atlantis- •*» PaoBaltimore * Oiu
1st p referred
2 a p re ferred
17%
205
•Ip O
152
id
r*»
d«%
tii-*
......
-•62%
2%
62
*35
B o sto n * h & tfm
B o sto n A M aine
C en tra l o f K w .
Preferred
€%Se.Bnx.,»s%;us.
C la w . & Canton
Prererred—
Fuehbarg p m .
Hunt- A f i r .i o p .f
Preferred
Lehign V alle,
123
111.
17%
205
153
17%
55%
87%
68
......
__...
3
82
36
so
3 7 % 38
Mrtropolltan Trao.r VMl) 10.1
MeitS au C e o r f .B o t k m
N. Y. * V. Ene
■ referred ...
referred
“
Old t > iio o f. . .
t B o tto m .
Pennsylvania . / P h i l o .) .
Philadel. A Erie.
*<
Phiia. * Sending
Philadelphia Tree.
23
2%
*
Summit B r u e l) i s « « a » i .
tfnton pacific
io o
100
70
67%
7%
2 4%
176
•1%
•2*
1 1 %
82
07%
7%
25%
179
,MH
2M
in ,*
,3
t»%
20%
7%
8%
35% 37
7!
V r Itnd1 %m.of If J . f Phua.j 1UO •22 1 % 22;.
4%
Westero.V. Y.AP»< P*Oa.». MO
4%
’.**«*.• I l« « e * •Ms .4-wen, » .
Am.SuK'rBeUi.v ( B ottom ) ___
103% 101%
03% 93%
-referred.........
Bell T ele p h o n e *■
10« 1U5 105
23% 2 -%
Boat AM.H-tan*
“
2!
8%
Butte A Boston .
*•
2f
•>«*
intum ef * H eels
**
2! *275
Canton C o ........ ( B a l l . , . I
te6*f 61
Consolidated Ga*
"
1
*42% . . . . . .
Erie re et.hone f M m M
r.o:% 50 V
General KJeetrtO.. *•
teO
P r e f e r r e d ....... ••
17
17
L»us«oii atoms Bar
**
' 51% 51%
C eh fh C o*lA 8av P K U .,
*33
S.Jifw. T tsS tb m m /S o tfn ) 1
H o n k Am erican. ( P h U . j . v
5%
5%
M
, n
West £n d Land. ( B a r t
|no »*i# mm»
inactive Stock*.
P r i n t o f Ttotm m ber 3,
Atlanta <* Charlotte (B a i
M o n a * },
(jct.3 0 .
Tuesday,
Got, 31.
W ednesday,
X ot. 1.
21% 22"% 20% 21%
2o% 21
2*M
2%
2% m
2H
2H
7 4 % 7 4 % ■ ........ 7 7
• . . 76
1
125 1 .5
123 * .......135
Ill
. ..I ll
17% 17V
17% 17%
17% 17%
204
204
2<tt
201
•-.......
.....
481
. . . . . . 182te 1 h2% * l %l
151 15-4
153 153% 153 154
16% 17% #
la
15
15
55%
55% 55%
8-5% 87%
82% 65
63
8 4 -66% 08%
61% m %
64% tib'V
__'__ _ . . . . * . . . . . 3 3
•32% . . . . *•62% ........ '•62% .......
*3
♦3 . . . . . .
*3 . . . . . .
82% 83%
82% 62%
62% 83
34% 34%
• 4 0 % ------- *49% 50
3?% 36%
30% *0%
40% 44
109% 1 0
lt)9 8l 109 ^
100 110
94
09%
;*•;% 97%
8
8%
7*,
8
•7%
8
33% 36
32% 34%
33% 35
06
6>
6B
60% 60%
07% 67%
67 H 67%
?%
7 7%
7%
7%
7-V
72% 24% *-2% 33
•23% . . . .
177 177
177 177 • .......177
51% 51%
51 % 5 l%
•0%l f»l%
25
■25
26
25
25% 26
lw% .1% i o .,* 11%
10 -it 11*1,
*0
63
63
«1
61%
8*%
*6
'6
***M ____
18 % m
17V
1 0 . !*•%
•228 % 2 if» •213% 225 •-•23% 225
44%
4%
4%
,%
•»%
* f% 102%
10 1
ioa%
‘M
U4% 02
lb ,
195
HU isu
25
2 % 26%
25%
8%
6%
8%
-%
280 280 *378
6*2% 63%
60%
% 00
4.1
43
4*
*3
4!|
51
46% 40%
•80 ........
0U
SO
10% IT
17
151% 51%
M V 51%
55
55
55
•52
5%
5%
5V
-'.V
U
14
li
14
mmu*| Lowest is
Mite I A ik,
Thursday,
S ot. 2,
20%
21%
»
1.9% 20%
Sales
of the
Week,
Shares.
Kange o f sales Ui 1893.
Lowest
3 6 % Jan.
it*. Jan.
* . . . 70% *75
70
•2
97% Jan.
*__ 125 •l-'O 125
25
135 Feb.
*
111 m o
U5
110 Aug. 29 122 Jan.
17% 17%
17% 17%
3,478
28% Jan.
203 203
203 20 <
30S
227 Feb.
182 182
20
300 Feb.
153 154
154 154*
221
178 Jan.
15% 10
.....
1.295 1...
0%
July
_____
_ 27 22% Feb.
54
64
-140 46 Jam 3 62% Feb!
34% 83%
31
82% 3 9 .4 5 4 69% July 26jW 3% Jan.
86V
dS
« l % 06% 5O.510 46% July 26 83% Jan.
_ 26% J u ly 27! 49% Feb.
......
_ _ _ ......
**t»2
50e. Sept, 19: S Feb.
*3
212
2% Sept. 16! 19% Feb.
04% 63
82
82
245 G« July 31 95 Feb.
31%s 3 4 ‘a *31*4
50 29 July 31 40% Jan.
49% 49%
SO
18 46 Aug. 16 56 Jan.
41
9.916 29% Ant. s 62 Jan.
30% 43
109 %
13 109% Out 3 1 1 3 0 Fab.
98
90.
97
06
3.413 69 Aug. 1 150% Jan.
0%
6%
«%
7%
5 Ju u e29 13 Jan.
4,1*08
32 V 3 3 -V 32% 33
33.516 17 Julv 31 52 Jan.
*0 6 % m
a 13 44 .fitly 19:102 Jan.
120 66% July 28 70% Jan.
•67% «S
7V
7%
7%
-%
9,129
3% Aug. 18 18% Feb.
2i
23
•22% 23
1.310 15% A ug 15 50% Feb.
175 175%
21 165 Aug. 22 221 Feb.
60 M 50%
50% M>"h 3,776 46% July 26 55% Jan.
24% 25%
24% 2 t h
314 20 S ep t.29 35
Tan.
10 Hi M l,. 9 ‘ -%a U» ?.
71.141 61,« July 27 26% Jan.
81%
#1
61%
81
2,938 56 auk . 1 142% Feb.
*»> 4
5 July U
9% Apr.
17% 17 *4 4,598 15% July 26, 42% Jam
i- %
6V
•224% 2 25
•22 •> 225
4* 216 Aug. 30:212% Mar
4%
u
7% Jau.
880 3** July 25
*%
.......
102% 100 102 V 9 7 \ tOi
61,319 82 July
i n * »«%
91
9-2
m
6% July
1.8 In
10.1
193 194
192 19 4
42
166 July
3,58 i 15 July
2 4% 24% a**« •24% 24%
8
0%
8
5 July
1,965
. . . . . . *280
7' 247 July
50 62% Oct.
65
*00
60
««•% 011 % 60% *60% 0 0 %
996 50 July
43
43
' ........ 43
150 36% Aug.
4
43
40% 47%
45
46%
9.47.1 3,1 July
m
m
79% SO
11 4-1 Aug.
. . . . . •16%
66 12% July
52% 52%
51% 52%
» i % aa
1,115 46% Aug.
•52
55
'5 2
55
5 47% Alt*.
5%
5%
■5%
•5
5%
5%
595
2% Aug.
l,
14
14
U
9% July
955
n x dividend.
09*,
u iH
142%
21
•8
*2^9
Inactive stock*.
fflgner..
69,907'
260
Bid.
Auk.
31 134%
31104%
26 212
13 34%
27 12
31 320
30 72%
27 05
10 50%
23 114%
23 119
26 26%
24 54%
12 61%
16 11%
27 18
Feu.
Jan.
Jan.
Jan.
Jau.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Feb.
Feb.
Jau.
Jan.
Jan.
IS
14
27
13
18
24'
8
6
26
14
li
21
23
3
3
3
6
12
9
27
6
28
16
17
13
23
6
6
6
27
IS
2
3
12
27
13
24
6
19
27
16
17
21
18
10
16
16
18
20
2
20
23
4
Bond*.
:vP«rldonte», 1st Her.,5s. 1918, Q—J
84 j m
100
:A t .T o n .B f F.ISo- f r?f
J*3kJ i 'f TO
70®i ! Plilla.ik Erie gen. *51. 5g.,1920, AAO
100
2 d 2 h ■4 n, st<#a «M i A .. 1089, A A O :| 39
89%- i Ocn. m m t ,
1920, A AO
20 I 25 :B m ton 'United. 0 « a l« t
50
i 7?
FhJia A Rca4. new 4 g,, 1958, JAJ
I 'M anias.,............ ......
"
50
5% | Sft mort. St. . . . . . . . . . . . . . . . . . 1939?| ___ j 57
1st pref. tuixime, 5 g» 1958, Feb 11
50 iBurl. 4 Mo. H l w Exe oi»t
l* f preferred........
"
50
I ,...
24 pref, iin’Oiiic, 5 g , 1 9 5 8 , Feh. 11
td preferred..........
•*
50
Koo*ex«ni » t 6V*. . . . . .
J AJ' Ii; iO'J *•» ...
34 prof, incom e, 5 g , 1958, Feb. 1 1
Plate 4 a ......... .
1 9 1 0 , -I .. .
Central O h io............
( B a it .) . 50
24, 7 a .. . . . . . . . . . . . . . . . 1893, A AO
Chari. OoL A A ukuMa
100*
Chic. Burl. A* Nor.
5.1926, AAO : 99
99%
Consol, snort, 7a......... 1911, JAIL 124*3 125
C onnecticut A pee*. [.B o tto m .l o o i 120 121
24 w ort. 6 a . . . . . . . . . . . 1918, JA I) 5 99% 99%
C k m m l .m m t . 6 a ......... 1911, JA li!
C onnecticut K lTcr.. .
100 215 ;
« r « 6 a ......... .. 189*3, J&D ?* 9 9 1100
I m provem cn t M. 6 g ., 1897, A AO i 100
Delaware A Bound isr, I P M a . ) .110 f
Con. M .,5 g..stam ped,1 9 2 2 ,MAN
Chic. BarLAQ uincy4a..l922,P*AA \......................
92%
H*•*-**
— *, A n . *^-4«
FllBt A Fere Mstrq, . . (M otion /. 10 0 1
le w * IMvlaton 4a, .,..1 9 1 9 , AAOf l . —
s'Phil. Kcail
E. 4 a .... .... 1io
9 ao
4
52^
43 f 4 7
P referred ... ..........
••
100
Chte-AW.Mieh. gen. 5«,1921,3A-OjJ*'80 | 85
Iaeowea, aerie* A . . . . . . . . . . . 1952
H ar.Pori 8 .JH.JoTA L. tPAgeni. so : 81 j.
C o o «o U o f Vermont, 5a.1913, J 4 4 i; 192
Iueom M ,series B .. . . . . . . . . . 1952
Kan. Cfy Ft. 8 . A Mem. t B o t t o m . 100
Curwuxt River, l i t , 5#,«1927, A A O i A * 85
fM I . Wilta. A Balt., 4a. 1917, AAO
P referred.................
••
HK>
Oct. Laa*. A Norte M. 7a. 1907, J A3 ' . . . . . . . . . Pitta. C. & 8 4 U , 7 s .... 1900, FA A i l l * * 112
K City Mem & Birin.
*■
sooj
I m MCB l e t mart 6 it... 1906, MAS U 15 ........ Ponteepaie Bridge, 6 g. 1936, FA A
Little BchaylkUI....... ( F h i i a ,) . 50; 62
f reo.EI.lt, A M. V., 1s t. Oa.1933, A &O ; . . . . . . . . . . !8ch !iF i.K .S .8id e.l«t5g . 1935, JA B 106 107*
Mant'feaTer A L aw .. W o t U m ) . J00<
1st, m . r . A 933, A AO ||C . . . . s116 .I"Steuben. Altai.,
- - - 1st
- an.,5s. 1914, J AJ 103
Mary land OMrtruL...
W a i t . ) 50:
K.C,C.ABprtng.,1 .it->g„192d,AAO-O.
80 :f United N. J .,6 g ........... 1894, A AO 101%
Mine H ill A 8 . Haven (p A iio j. 50: - s r i
K C. F .S .A M . con .6 s, 1928, MAN ?! 01 ; 84 ; Warren A Frank.,1st,7 b,189 o ,FAA 104
Ke-q-oehonliig V* 1 ___
"
so! 5 4 j
K.C.M em . A m r.,1*?.5 *4 92?*M A8:: *28 .....
K on B em H. H .. . . . . . . (Borfeml.lOO.
K . < 8 t . Jo. A C. B ., 7 s .. 1907, J A J f ____ 1 15
B o n d s ,—B a lt im o r e .
North Pennsylvania. (P h ilo . ) . 50
JU Bock A Ft. 8., 1st, 7 a „ 1005, JAJ # .......
A tlaiua ACharL, 1st 7», 1907, JAJ 113 116
Oregon S han L in e .. . { B o t t o m . 100
7%, 7 % lx* uia., E V.AS4 L., 1»t,6g.1920, A A O UC3 Up5
I m m m 6s. . . . . . . . . . . . 1 0 0 0 , a a o
90
95 J
:-■■■ I -v . ---- > ■ 5 V, ,
2m .. 5—6 ar— ------ .1936, AAO 1 .. . . . . . .
B a liiisiro Beit, 1st, 5a. 1990, MAN
93
.........! 47
K itlan d ........................ (Aorfcml.lOO
Mar. k . A Oat., 6 ^ .....1 9 2 5 , AAO (*UH) i . . . . . . Baltimore A Ohio 4g., 1935, A AO
l
l
l
l
”
\
Preferred ................
100
Mexiewd Central# 4 g .. 4 9 1 1, J a j J 4 7 j 48
Pitt*. A Conn., 5 g ...! 9 2 5 f FA A
Seaboard A Bo,,nuke. {B a lt .) lo o t
. leteotaaoiAoeomea,Z f,nott'Ctim.•
•? 10 j 12 , Btatea Ialand, 24, 5 g.19 20, «f&J
le t p referred ......... .
•*
lOo
2d couaol. incom es. 3s. non-caiu. * 6 ! 7
Bal.AOhioS.W.JUt^tag.lOyO, JAJ
West E?id,....... .......... .( B o s t o n ) . 5b > "S 7 'j " 5 7 % N. AC A M 2 £ m * » 1st, 7a,1905, JAJ
Cat#eF. A5rad*r8 e r.A .,6 g .l9 16, JAD
90
P *»ferred..... ...............
"
50;
1st mart. 6 s .------------ 4 9 0 5 , JAJ ; 0 1 07
; Series B., 6 g ..........,..1 9 1 6 , JAD
85
54 j . . . . . . j 24 w e ft. 8a................. 1902, FA A 1 0 0 1. . . . . . 1 Series t\, 6 g ...........1 9 1 6 , JAD
West J e r s e y ................(BAifo,). 50
85
West Jersey ,fc Allan,
"
50
Ogden * AL.C., Con. 6 s ... 19*20, A A O l; 3 4 0 4
iCent. Ohio, 4% f
, 1930, MAS
%#■ i
W#*5ern S t M y t a l ..
U S ait.). 50
-**«*»«. 1 9 2 0 0 . . . . . . ; : iC’harl.C oLA A ug, 1 s t 7S.1S95,JA J
99
100
WtlnnCol. A A ugust*
“
100
tB« Stand, 1st,6 s. . . . . . . 1902,MAN! A308*»: ----- - *!Oa» C»r. A K o r, l»£ 5 g . . 1929. JAJ
80 ? 87
Wttmlngt'n A Weldon
“
100
i 24, 5 * . , . . . . . . . . . . . . . . . 1 8 0 8 ,FAA 0 .......; 988* North- Cent,
------ 6 8 .— •«.*.« 190pf JAJ 109% 109%
Wisconsin C-'nUai. IHoffoa) . 1 0 0
6%: 7 |
6s................... ............... 1904, JAJ
Preferred— .........
“
100
105% 4 0 8
Series A ,5 a ..— ** ....1 0 2 8 , JAJ 107 110701
W sra'et.K w b.AR ocb.
»
10 0
Atlantic City 1st 5s, g., 1019, MAN
00%
4 ^ .
....... 1925, A AO
J4t*CEUA»EOO».
Belvidere Del., 1st, 6a.. 1902, J A D 112
Pledtu.A C uin .,lst, 6 g . 1911, F a A
94 % 97
*40 ;C*t»wi mm, 51., 7a........1000, FA A I I I
All®*** M iin ih ........ (M o tio n ). 25
Pitta. A Coniittlla, 1 st?# , 1838, JAJ 108% 109
AUantiu Mbtlr.v:.......
••
25
9 f 10 { Clearlkdd A Jeff., lat, 6s. 1927.J.VJ 113
Virginia MM,, 1st 6 s ... 1906, MAS 108
C ity Pawcntcrr K K ... ( B a il .) . 25
•Connecting, 8a— -. 1900-04, MAS
2d Series, 6s. . . . . . . . . . . 1911 MAS
7%
Bay Btafe ti c . _____ {BwsAxij. 50
8% \JM* A li'4 Br'k, 1st, 7a. 1905, FA A 1 2 1
34 Series, 6 a .......... ..1 9 1 6 , MAS 102
Bosrfer, L a n d .....___
*'
10
3%
Km ttftQ A A m , lgtM .,5«. 1020, MAN 103
it li Seiles, 3-4*58.....1921, MAS
Centenisi>4 W in ing...
"
10
2%
3% Eioiir, AW llut., 1 st,6a.191 0 , J A J uU»c
5th Series, 5a. . . . . . . . . 1928, MAS * ? r
P o r t b .jy i,.
'«
25
Hunt. A Brfd Top, Con. 5a . ’0.4, A AO; 100
West Va a k 11 1st, 6 g . 1911, J a J , 103% 105
i o : 11 :
Fraskun M ining___
"
25
105 i m h WerUc N.C. C b u n t B g. 4914, JAJ I S3
Fwncfm i'n'a Buy C ad
"
5 ;*
3%
5 ' 2d 8*, g old ............. .1897, My 0
107 100
Wilffi. Col. A Aug,, Os. 4.910, J A 4 110
B a n t S istiK .
...
“
*-■
USBEbil juort. 4*s«, g.l.924,(J;—F
HPOa
ItlSOBLI-.A$ fcOUS,
Illlool* «le .
.
•
ip .
¥6 f: Lehigh
1st 6 s ...1 8 9 8 , JAl> 104S
1 BlfcitJmote—C ity HailOa.lOOO, <4
K **r»»rfe M ining..
"
25
: M 7 s . ___ . . ... ......* .1 0 1 0 , MAS- 1 2 7 4 2 8 } F un din g6t........., , . , - g l 9 0 0 ,''
7
6%
M orn * Cana'
4 . a S W a X lo o ;
i Consul. 6 . . ....... . - ...I M S , J AD 121% . . . .
Ws«t MaryiM BE. 6 s,. 180*2, JAJ
Preferred- ,r.*r, 1 0
»
low: . . . . . . 175 "North Penn, la t, 7 s . . . .1 3 0 6 ,MAN 1M3 1 . . . .
Water 5 s.......... ......... 1918, MAN
Ojceola Min.i.-J _____ { B o t t m .,. 25- 27% S i
vt. 7 s .. . . . . . . . . . . 4 9 0 3 , JAJ 124 i . . . .
Funding 5 a . . . . . . ....... 1916, MAS - 114 115
Pnliaian PeUee 1 a,
-*
1 0 0 175 178
I;Pem>i.av ifitiia gen#6 s, r,. 1910. Var 1 -3 4 1 .......
Exchange 3% a—
-1930, J a J, 08
8 0 1*
JJnteey Mlnu g ..
•<
s.y 105 108
One mi. 6s, 0
.-.-* --.1 9 0 5 , Vf*r 1*8
Virginia (State! 3 s 9 new . 1932, J & ;,
Tamarack M in lo e ...
2 5 131 -135
112
1.900, J a D } 105 ioS**
C « iiw o lS i,r ,..........Vm
Che*ki
u Blind Han lu ip c
>t ' h i t .t . . . . . . .
57 i 58
Cnllaf.. Tr. 4 ^ m.......... 1913, JAT*
Cotiaoi « a * ,a » .......... .. 1910,.. v f l i d
u i
Water Power ,.
4 n o t io n ) JW )
. . _______ ,___
Pm A N, V 4 > .m # i,7 s ...l9 0 e ,J A i
1%
2
....
5s ...
9 -**
’ •%•*-* 4 * ' *‘1 1 t,j
W eeting.K b-i. » t p f t\ .< tsetlon/ so
Rrirjlt* •-’« n**,
ooh. 5«. 1939, A M f 105 110
0 * 107
46% . . . . . Fa, A N. T.
’f U nlisted.
£ And necriied teteraat*
I Last p rice this week.
THE
75S
[V ol . LV II,
CHRONICLE.
NEW YOKE STOCK EXCHANGE PRICES (Contiuawl. A C T I V E BONDS NOV. 8, A N D FOR Y E A R 1 8 9 3 .
R a il r o a d
and
ICloi’ng Range (sales) in 1893. 1
M iscel . B onds . 'lniePst* P r i c e ---------------------------------------R ail r o ad
IPeriod. A’ or. 3.
Lowest.
Highest.
|
Am er, Cotton Oil, deb., 8 g.l900| Q— b 109%
A L io p .A S .F .- 1 0 0 -y r .,4 g .l9 6 9 J & J 71
2d 3-4s, g.. Cl. “ A ” .......... 19b9 A A O 39%
May
100-year income, 5 g . . . . . 1989 bept.
Aug
A tl. A Pa
Guar. 4 g . . . . l 937 ............. *58 b.
J
A
J
7
a.
May
W .D . Inc., 6 s ....................... 1910
Aug
Broofcl’ n E evat’ d 1s t ,6 ,g . 1924 A A O 107 b.
July
Can. Sontii.— le t, 5 b ......... 1908 J A J 1 0 6 % I
2(1,58......................................191o M A S 99 b.
il 38
Cent.G a.—8 . A W. 1st con..5s,'29
Central of N. J .—Cons..7s. 1899 " Q—J * 1 12 kbJ
M
A
N
*116 b.
Consol., 7 s ...........................1901
General mortgage, 5 g .. 1987 J A J ,l l U% i
Leli. AW .B.,cou.,78,asM .19U0 Q— M 108 b.
do. mortgage, 5 s..........1912 M A N 9 2 k b .
J 107 kb.
Am . Dock & Im p.. 5e___ 1921
J lo o b.
Central Pacific—Gold,., 6 s ..1898
O
114 b.
Cbee. A Ohio—Mort., 6 g . . l 9 !
N 101%
1st consol,,5 g ....................1939
Gen. 4 k s, g ......................... 1992
K .A A .D iv .,lsi con.,2-4 g. 1989
do
2d con., 4 g. ..1 9 8 9
E liz.L e x .A E ig S a n .-5 g.1902
Cine. Ban. & q . —Co n .,7 b . 1909
D ebenture,5s..................... 1913
Convertible 5s................ ..1 9 0 3
Denver Division, 4 s ____ 1921
N ebraska Extension, 4a. 1 9 2 '
Cliic. A E. III.—le t ,s .f .,6 s. 1907
Consol.,6 g ...........................1934
General consol. 1st, 5 s ..1 9 3 '
Chicago A Erie- 1st, 5 g . . . 1982
Income, 5 b........................... 1982
Cblo. Gas L. A C . - l s t ,5 g .l 9 3 7
Chio.Mil. A 8 t.P .—Con.7e.1905
1st, Southwest Div., 6 s .1909
l e i , So. Min. Div., 6 s ___ 1910
lst,Ch.APao.W .Div., 5 s .l9 2 i
Chic. A Mo. Riv. Div., 5 s. 192t
W ls. A Minn. Div., 5 g .,1 9 2 1
Terminal, 5 g ..................... 1914
Gen. M ., 4 g., series A . . .1 989
Mil.A Nor.— 1 s t,c o n .,68.1913
Chic. A N . W .—Consol., 7 s .. 1915
Coupon, gold, 7 s............... 1902
Sinking la n d ,6 s.............1 9 2 9
Sinking fu n a,5 s................ 1929
8 n king fund deben.,58.193b
25-year d eb en tu re,o... 1909
Extension, 48..................... 192t
90 Aug
Chic. Peo. A St. Louis—5 g . 1928
93 Aug.
C h lt.R .l. A Pat.—6 s, coup.1917
114 Julj
E - lensioi ana c o l .,5 s ...193**
SB July
80-year debent. 5s........... 1921
88 Bep .
Chic. St. t . M. A U.—6 s ___ 193i
ilO
Aug
Clevelana A Canton—5 .. .1 9 1 ’“
8 6 k June
C. C. C. A 1.—Consol., 7 g.1914
119
May
General coneoi., 6 g ........1934
115 AUg.
C.C.C.ABt.L.—Peo.A E .4 8.1940
5S Aug
Income, 4 s ...........................1990
12 Aug.
Col. Coal A Iron—6 g ......... 190«
92 Oct.
Col. Midland—Con., 4 g . ..l 9 4 0
o3
Aug.
O ol.fl.Val.ATol.—( o n .,5 g .193 ■
74 Aug.
G e n e ia l.b g ......................... 1904
8 2 k Aug.
Denver A Kio G.—1st, 7 g .1 90 0
112 Julj
le to on soi.,4 g ....................193b
71 Ju.y
D e t.B . Citi A Alpena—6 g . 191a
60 bept
DeuM ae.A M. —L’a g ia n ts.1 9 1 1
26 b. 2o June
D ul. So. bh.A A tl.—5 g ___ 1937
97 b. 90 July
E.Tenn.V A G .—Con., 5 g .l 9 5 t
80 Oct.
82k
Knoxvihe A Ohio, 6 g ...l 9 2 £
90 b. 9 2 k Aug.
F t. Vi. A D env.C ity— b g .. 1 9 2 1
66 Aug.
G a L fl.A b .A n .-M .A P .D .le t,5 g.
90 > Oct.
fla n . A St. Jos.—Cons., 6 s. 191
108 Aug.
flous.A le x .C .— Gen. 4 b, g .1 9 2 1
59 Aug
Illinois Central—4 g ............1951
9 9 k Aug.
in i. A Gt. No.— 1st, 6 g ... 1913
107 b. 100 Juiy
2 d 4*s-t s ........................... .190^
July
60 b.
low a Cemral— l e t ,5 g ........ I9 3 t
Juiy
84 b.
Keniuek} Central—4 g . . . . 198
Aug.
83 b.
K ings Co. E l.— 181,5 g ___ 1925
Nov.
81
Laclede Gab—is t, 5 g ..........1919
^ug.
82k
Lake Erie A West.—5 g . . „ . i 93
1 0 9 k b. 10 6 k Aug.
L . Shore—Con. cp., 1 st,7s. 19ot
July
J 116 b.
Consol, coup.,2 d ,7e........19ui
Aug.
' 122 b.
Long leEd— Ibt, con., 5 g .,1 9 3 1
Aug.
113 b.
Geneialm ortgage, 4 g . . l 93t
95kb.
July
Louis. A Nash.—( ons., 78.189b
Aug.
107 kb.
N.O . A Mob. ls t*6 g ........193»
Aug.
J 117k b .
do.
2d, b g ......... 193»
J uly
J 104 a.
General, b g .........................193»
July
D 112 b.
CnlheO. 4 g .........................1940
J uly
J| 77
Nasb.Fl.A bln— 1st gtd.5 g.’37
Aug
A *100 a.
Lotus. N .A . A Ch.— 1st, 6 s. 19 lc
Sept.
J i*i 08 b.
C om ol., 6 g ........................ 1 9 1 t!A A O 99
Louis. 81. L. A Texas—6 g. 1917 F A A ; 49 b
etro. Elevated— 1st, 6 g . l 9 ut} j A J 117%b.
2d , 6 s ...................................1899 M & N 1 0 . kb.
M ich.Cent.—1 st,c o n .,7 s ..1902 M A N 1 2 0 ^
CouboI., 6 b .........................1902 M A N *102 b.
M ilL ak eS h . A W .— 1 st,6 g . 1921 M A N 122 b.
Exien. A lm p .,5 g ......... 1929 F A A i0 4 k b .
M . K. A T .—1st 4s, g ......... 1990 J A D 7 9 k
2 d , 4 s ,g ................................ 1990 F A A 43*-b.
M o.Pacino—1st, con., 8 g . 1920 M A N 92 b.
3d, 7e................................... 1906 M A N 102 b.
Pac. of Mo.— 1st, ex. , 4 g . 1938 F A * 92 b.
an d
\Olos ng\Range (sales) in 1 8 9 3 *
Miscel . B onds . \Inter'si\ Price \---------------------------------------- |Period.'A/ov. 3 . 1 Lowest.
Highest.
! Pao of Mo.— 2d exteQ.5s.193H J A J
Mooile A Ohio— New, 6 g .. 1927 J A D
General mortgage, 4 s ...1 9 3 8 M A S
Nash. Ch. & 8 t .i l —1st, 7 8 .1 9 1 3 !J A
Con., 5 g ........... .................1928 A A
N. Y. Cent.—Debt E xt., 4s. 1905 M A
1st, coupon, 7 s..................1 9 0 3
D eben.,5s, coup., 1 8 8 4 .. 1904
N. Y. & Harlem—7s. reg 1900
R. W. A Ogd. Con., 5a.. 1922
N. Y. Chic. A St. L. - 4 g .. .1 937
N. Y. Elevated—7e .............. 1906
N. Y. Lack. A W.—le t, 6a .. 1921
Construction, 5 s ................1923
N .Y .L .E .A W .—Ist,co n .,7g.l920
j 2d oouboL, 6 g ..................1 9 6 9
I Long Dock Consol.,6 g .. .1935
N. Y. O. A W .—Ref. 4s, g .,1 9 9 2
1 Consol. 1st, 5 g ..................1939 J A
N.Y.8US.AW.— lstr e f., 5 g . 19371J A
Midland of N .J ., 6 g . . . . 1910 A A
Norf. A W.— 100-year, 5 g .1 9 9 0 J A
Md.AWash. D iv .-ls t.5 g .1 9 4 1 J A
North.Pao.— 1st,coup .,6g. 1921 J A
General, 2d. coup., 6 g ..l 9 3 3 A A
General, 3d, coup., 6 g .. 1937 J A
Coneoi. m ort.,5 g ............1 9 8 9 J A
Col. tr. gold notes, 6 s .. . 1898 M A N
1 Chic. A N .P .— 1st, 5 g . . . l 9 4 0 A A O
North. Pac. A Mon.—6 g . . . 1938 M A S
North. Pac. Ter. Co.—6 g .. 1933 J A J
AUg.
Ohio A Miss.—Cons. s.
18»8| j & J 108 b. 102
Aue
Consol., 7 b...............
1898 J «fc J 108 b. 1' 3
&
i) 1 0 0 a. 98 k Aug.
1921 J
Ohio Southern— let, 6
Alls.
1921 INI & N 49 b. 40
60
Feb.
Omaha A 8t. Louis—4 g . 198 7 'J A J
Aug.
Oregon Imp. Co. 1st, 6 g 1910 J <fe D 9 6 k a . 90
32
Aug.
Consol., o g ....................... 1939 A & 0 4 9 1!
97
Oct.
Ore.R.A Nav.Co.—ls t ,6 g 1909 J tte J 102
Consol.,5 g ........................ 1925 J «& D 65 a 8i ■Sept.
1943 M & N
102% July
Pennsylvania—4s, g
July
1921 J A .1 110 a. 1* 2
Oct.
1 9 2 0 1J & J 80 b. 75
1920 M A 8 80 b. 89 July
35 b. 36
Oct.
2d uiort.,5 g ....................... 1926 M A N
59% Aug.
Phila. A Read.—Gen., 4 g .1 9 5 8 J A J 70
20 July
34
1st pref. income, 5 g ........ 1958
1 4 k Aug.
2d pref. income, 5 g ........ 1958
23k
11 J uly
3d pref. income, 5 g ........1958
2
Allg.
Pittsburg A Western—4 g . 1917 J & j 8512
102
Aug.
Rich A D anv.—Con., 6 g . . 1915 J & J 11 0 k
60
Aug.
Consol.,5 g ........................... 1936 A <& U 173
Aug.
Rich. A W . P.Ter.-Trust,6 g . 189 “ F (fc A 147 b. t 40
Con. 1st A col. trust, 5 g . 1914 M A S t* 3 k b .. 115k Aug.
Aug
Rio G. Western—1st, 4 g ..l9 3 U J A J (i.i a. 5 1
St. Jo. A Gr. Island—6 g .. 1925 M A N 68 b. 67 Nov.
Aug.
St L. A Iron Mt. 1st ext. 5 s.’97 F A A lo o b. 95
94
Aug.
2d, 7 g ....................................1897 M A N 99
Cairo Ark. A Texas. 7 g .. 18 97 J A D 1 0 a. 9o Sept.
A ug.
60
Gen. R’y A land g r .,5 g ..l9 3 l A A O 75
A ug.
St.L. A San Fr.—6 g„C l.B .19o U M A N 1 0 3 14b 100
Aug.
6 g., Class C....................... 1906 M A N 10^ kb 100
v*9 A u g .
General uiort., 6 g ........... 1931 j & j
Aug.
St. L. So.West.— 1st, 4s, g .. 1989 M A * 57 a. 50
12 July
2d, 4s, g., in com e.............. 1989 J A .1 19
8.P.M .AM .—Dak. E x., 6 g .1 9 1 0 M A N 112 kb. 1 0 9 k Aug.
All
1st consol,, 6 g ...................1933 J A J 115 b. I l l
A ug.
do
reduced to 4 k g - - J A J 100 kb. 97
J
A
D
Aug
.9
MontanaExtension, 4 g .1 93 7
9 0 a.
t55
San A. A Aran. P.— 1st,6 g . 1916 J A J
bept.
J A J
Aug
52
7k
F A A 150 b. 40
Aug.
M AN
May
70
75 a.
May
So.Car.—1st, 6 g.,ex coup. 1920,
* 106 a. 105
Oct.
So. Pac., Ariz.—6 g ........ 1909-10 J A J *95 a. 92
So. Pacific,Cal.—6 g ___ 1905-121 a a 0* 104k b. 1 0 4 k Get.
1st, consol., gold, 5 g ___ 1938 A A o
95 a. 9o Oct.
So. PaclJ0,N . M .—6 g ..........1911 J A J 95
94 k Oot.
Aug.
Tem i.C.I. A R y .—Ten.D ., 1 st,6 * A A o 7o b 74
Jul.
0
Birm. Div., 6 g ....................1917 J & J * 7 0 b.
July
59
Tex. A Pao.—1st, 5 g ........... 200u J A u 7 5 k
13 J u ly
2 d, iucome, 5 g ................... 200o!March. 19 k
Toi. A. A . A N. M.—6 g ........192* M A N 50 b. 103 J a u
107 a. TOO A u g .
Tol. A Ohio Cent.—5 g ........ 1935 J A
Sept.
Toi. Peo. A West.—4 g ........1917 J A J 7 i kh. 70
AUg.
Toi. St. L. A Kan. C.—6 g .,1 9 1 6 J & ^ 63 kb. 48
Aug.
Union Paoiflo— 6 g ........... ...1 8 9 9 J & J l0 4 % 0 . 102
A ug.
SiuBingfuna.Ss..................1893 M A o
| 98
Collate trust 4 k ..................19 1 b M A N
48 July
2 k Aug.
Golo 6s, col. trust notes. 1894 F A a 8 >kb.
K an. Pao.-Den. D iv .-6 g .1 8 9 9 M A N * *08 b. 1 0 7 k Nov.
77 Oct.
lstoonsol.,6 g . . . . ..........1919 M A N
85
Oregon Short Line—6 g .. 1922 F A A 84
7 0 Oct.
Nov.
Or.S.L.AUt’kN.—Con.5 g.1919 A A O 50 a. 47
U .P.D en.A Gulf con. 5 g.1939 J A D 4 5 a. 3 9 k Aug.
Union Elevated—b g ..........1937 M A N 105
98 k Aug.
74
Aug.
Virginia Mid.—Gen. m .,5s, 1936 M A N
77k
Oct.
do
stamped guai . M A N
7 7 k b . 77
July
93
Wabash—1 s t,D g ................... 1939 M A N 1 0 2 -j
2 d mortgage, 5 g ..............1 9 39. F A A 74 kb. 60 July
Debent. M ., series B ........1939 J
24 b. 19 Juiy
94 July
West Shore—Guar., 4 s ........2361 J
103
Aug.
9 4 b. 94
West. N. Y. A Pa.—1st, 5 g . 1937 J
Aug.
22 kb. 14
2d m o r t .-............................ 1927 A
Aug.
West. Un.TeL—Col. tr .,5 s .l9 3 S J
1 0 3 k I 95
60
Aug.
68 a.
WiB.Cent. Co.—1st, 5 g .......1937 J
9 Sept.
* 15 a.
Income, 5 g . . . .....................1937 . .
-No t l — “ b’» indicates price bu t; “ a” price ashm ; the Range is made up from actual sales only.
NEW YORK STOCK EXCHANGE PRICES-HContin weA).—IN A C T IV E
Bid.
Ask.
1
SECURITIES.
Bonds.
cc; 00
o>. N)
Railroad
( Slock Exchange Prices.)
Alabam a Mid.— 1st. g., *ruar..l928
A . T. & S. F.— 'd, 48, CIas6 B .1 9 8 9
Col. Mid. 1st, g., 6 s .................1936 * .........
Abantlc & Danv.— 1st g., 6 s ..1 917
A 1. A Pac.—2 d 'W .D ., gu. 6 s ,. 1 9 0 7 1
B alt A Ohio— 1st. 6s. Pars B .1 91 9 '*105
__go ld ..
...
’ 9251
* No piiof FrHftv: these are the
no
SECUKITIEto.
B. A O .— J»ob. mort., gold ,5s.1988
W. Va. A Pitts.— 1st. g., o s ..1990
B. & O. 8. W., 1st. g., 4 -k »...1 9 9 0
Monon. River, 1st g.,g. 5 s . . . 1919
-jentMOhio Reor.—1st, 4 k s .l 9 3 0
AJt.A Ch. June. — lst,g,58,gu. 1930
Boot. H . Tun. A W .—Deb. 5s. 1913
Brooklyn Elevated— 2d, 3-58.1915
Brunsw ck A W’n— 1st, g. 4s, 1938
nfl R h. A F in s.—Gen . 58.1937
Bia.
A«R.
* Latest price this week.
108 st Jan.
115% Apr
63 Jan.
130 Jan.
105
Feb.
103 Mar.
124 Feb.
1 0 8 k Jan.
119 k Feb.
1 15 Feb.
9 9 k Feb.
112 O ct.
13 1 Feb.
114 Jan.
1 3 9 k Jan*
105 Feb*
125 Feb*
8 6 k Feb.
1 0 8 k Jan.
1 0 7 k Mar*
120k Mar*
90 Jan*
91
Jan*
118
Feb*
115
Feb*
i(8
Feb*
74
Feb.
95 J uly
8 0 k Feb*
6 9 k Feb*
104
Feb.
112
F eb.
1 1 0 k Mar.
109 itam
64 Jan*
63 Jan*
) 05
Feb.
67 Feb*
112
Mar.
94 k Feb.
103 J u ly
i l o k Apr
104
Mar.
105
Feb.
72 Feb*
8 5 k Jan*
7b78 Jan*
70 Jan*
6 2 % Jan*
88 Apr.
Ill
Feb*
7 8 k Mar*.
8 3 k Feb*
52
Feb*
j 7 8 Feb*
1 96 Jan.
1 0 3 k Jan.
109
Apr*
104% Mar*
90** Jan,
1 1 4 k Apr.
I l 4 k Apr*.
111 k Apr.
68
Apr.
2e% Feb.
j 19 k Apr*
l * 3 k Mar*
i 0 3 k Apr.
91 Jan.
76
Mar*.
60
Aug:
92% Jan.
99
Apr*
106 Feb
luO k Jan,
115
Feb,
97 % Jan*
105 % r ob»
95
Feb*
95 k Jan*
81 J an.
29 k J an.
lU b k Jan*
109
Apr*
81 Jan*.
9 0 k Jan.
110% Jan*
105% Feb*
7 3 k Jan*
1 0 2 % Jan*
1 1 3 k Apr
1 1 2 k Apr*
109 Jan*
8 0 k Jan.
7 5 % Jan.
117% Apr*
86
Apr.
86
Apr,
106 k A pr.
8 2 k Jan*
39
Jan*
103 k Feb*
105
Feb*
33 Jan.
106 Jan*
9 2 k Jan*
85 Feb.
1 Trust receipts.
BONDS— N O V E M B E R
SECURITIES.
Bid.
120
114
104
89
*i 0
A sk .
123
B . R .& P .— Roch
I\, 1st, 63.1921
Rueh. & Pitts.— Cons. 1st, 6s. 1922
_____ r
Bun Ced. R a p .& N o .—I s t ,5 s .l9 0 6
93
Consol. & collat. trust, o s ...1 9 3 4
Minn. & St. L .—1st, 7s, g u ..l9 2 7
1( 2 k
Iowa C. & W est.— 1st, 7 s ----- 1909
Ced. Rap. I. F. & N., 1st, 6s. 1920
"9 9 k 99%
1st, 5 s ..................................... 1921
86
C.
Ohio— - -oJ. «hfTn.M .lst,4kf1.1939
........ 8 5
ent. RR. A I fink.—Co! rJ r 1 03 1"
9 7 ’ " lOO’ '
.......... .........
THE
November 4, 1893,]
NEW YORK STOCK E X C H A N G E
s e c u r it ie s .
Bid,
C H R O N IC L E .
P R I C E S . —I N A C T I V E
SECURITIES.
759
BONDS—r C on tin u ed ) — N
Bid.
O VEM BER 3
BEOU KLT1E.8,
Bid.
Ask..
E .A T .H — Wt. Vernon 1st 6 s . 1923
C. R, A B .-C b»t.R .A C .,gtd ,e.l937
Northern Paeitto - ( C o n t i n u e d . 1
-ill <’*>. Rr. 1st. g „ 5s.......... 1930
Heiena&EedMte—lot,a., tie. 1937
O m . of N. J.—C o m . deb.,6*.1908 109
DumthA Manitoba— 1 st.a.os 1936
CVtiira, Pseiflc—Gold bds, ti«, 1895 J0'£
Kv.ARlcti,— lstgeu.5s.ibgn.193t
104
Dul.AMao Dak.Div.— Isitis. 1937
rvtats. .v Indian.— 1st, eons..1926
Sold bonds, 6*.......... - ......... 1896 103
S old bond*. 6S.......................1807 101
lint A P. Marq.—Mort., 6 a...1 920 115 1 16
Ccenr d’ Alene— 1st, 6s. gold. 1916
100
19t eon. gold, 5s..................... 1939 SO 100
Gen. 1st, s „ tie..................... 1938
Ban Joa.ium Br., 6s.............. 1000 '103
97
Port B aron—1st, 5 s ............ 1939
Cent. Washington— lsr.g..tls.I938
Mort. gold 5s.......................-.1 939
Fla. f.Vo A Pen.—1st g. 5s___1913 *95
N orfolk A Sourli'n—(St, .)s,g,194i
95%
Band grant, 5s, g ................... 1900
95
1st con. c , 5 s ........................ 1943
Norfolk A We*t.—Uatierai, ti».193i
O . & O . S i t ., ext., g. 5 s .,...1 9 1 8
*t Worth A R. f*.—1st e „ 5s,,1928
61
New Biver, 1st, tts ..............1932
Weal. Pacino—Bonds, Ss---- 1899 105 IOC
Gal. Har. A San A nt.—1st, 68.1910 '9 2
Imp. A Ext., 6s...................... 1934
N o . Railway (CaD—1st, 6s. 1907
Adiustlnent M., 7 a ..............19*24
91
Gal. H, A 3. A.—2d mort,. 7 * ..1905
50-year 5s
................. 1936
Kuntpniem. 5s........................ 1908
li'io '
Merc. & Pae, Div., 2*1 ( i s ___1931
t i e s , i O.—fu r . M. fon d, 6s, 1 80S
114
Ga. Car. A Nor.— 1 st, gu. 5s. g 1929 *
Clinch Vat. 1st 5s..................1957
98
6a, gold, series A , . ................ 1908 112
RoanokeASo.—Ist.gn. 5s. g 1922
.! b s . So. A Fla— le t, g. da........ 1927
Craig Valley- 1 St, g „ 5s. ...1 9 4 0
Scioto Vat. A N. E.— 1st, 4s..1990 7 0
. Grand Bap. A Ind.—Gen, 5a.. 1924
Warm Spr. van, 1st, g 5 s ..1941
25
1 0 ! i;G. B. W. ,t St. P.—2d me, tr. recta.
Ohio A Miss—2d consol. 7 s ... 1911
C h e e . O. A so , d o st —1st C & . R . V l i *102
Spring. Div.—1st 7s................1905 102%
Huosatotde—Cob.-, gold f>s....xy,>7 105%
63
2 d ,6 « ....................................... 1911 *
01
General 5s............................... 1932
N.
H a veoA D erbv, Cobs.5 s1..191S
Oh, V'.~Oetj.con.l«t.«n.K.5s.l936 ..
... vT .
U
,v N. 7s..l9l>3; 1 n f
Ohio River KB.—1st.5 s .......... 1936
Chicago & Alton—8. v „ 6 „ . .. .1903 110%
G«n. g .,5 s ...............................193" *83
86
let c.. 5a tint. gtd*.............. 1937 102
hoots. A Mo. River—1*1,7S.1900 ' 12 118
2d, 7 *.................
1900 *105
100
Cons. g. (is tint, g u ll............ 1912
Oregon A Callfor.—1st, 5s, 8.1 927 *77
. Qree. Bv AN'ut,—Col.tr. g ..os.l9 19
rivlwnt. Os. prlu. A iu l ctd.1897
Bt. L. Jack... *C huj.-U t,7».18SM <01
. [ Pan. Smk.P'd Bunsnly—6s, g. 1910
1'client. *«, priu. & In:, gtd. 1897
Mlas.P.. Bridge—1st, a - L , 6a 1912 101
Chic, Burl, a .Vor.—1st, 5 s___192*.: *98
Illluoi* Centra!—1st, e.. *4* ...19511 103% 104% tenn.-P.CX'ASt.L.Cu,g.4%8A 1940
98
Do
do
Bones B
100
. . . . jj
Debenture A ..........................1896; ........
1-1. gonl. 3 % - ....................... 1951 '8 0
Cairo Bridge—4 s ................. 1850.
Chic. Burling. A *g__5«. •>. 1..1901 101
102%
P.O.A3.L.-l9t,0.,7e ...............19*<0
Pitta. Ft. W . A C.—1st. 7 s,..1912
Iow a OH .—Blok. fuud. 5s . 1919 *102
- - Sj'rtngf. Hiv.—Coup., 6 s___1898; 105%
91%
2(1, 7 ft ....... .........................1912
Sinking fu n d .4 «..................1919
91
Middle D ir.—Keg.. 5s.......... 1921 101
3d, 7 s . . . . . . ...........................1912 125
Plain, 4 s.................................. 1921
79
O. St.
A* N. O -T e n . 1„ 7s. 1897 * .* 9
1st,
consol.,
7#,..................
i
697;*
109
C
h
. B i . U A P — isl,>>i*n.5*.g... 1932
Chic A Indiana Coal— 1st 5s. 1936 .......
Cal. Mil. A St. P .-U t,--.P .I> .IS U » ....... n s
2d, 6a................................... 1907
...
Clev. x P.—Corn-.,». fu „ "a. 19 0 0 113
Gold.
5s,
c
o
u
p
o
n
...............
1951
*112%
lieu.
l%ft, g.. “ A” ............ 1942
2*1,7 3-10*. 1*. D „ ................ la y s n i l
1st, 7», * s.*.. R. D ................... 1902 • 21
Bt. L- V. A r. tf.—1 st,6ft., 7ft. 1 897 1 0 7 %
Moiup Div., 1st g. 4s.......1951
1st, I. A M „ 7s...................... I *97 *11 4
2(1, 7ft......................
1899
Dub. A 8. O.—2(1 Div., 7ft... 1694
1st, I. A 1.*., 7 «.......................1*9'. I l l
; Cr.l. P all-A Mian. - 1 s t ,7a . 19071
2d, guar., 7n.........................1898
95
1st ,C. A M „ 7 s...................... 1003 *120
Gil. K. A t.E xt,—lst,4% s,G .g.U M l
101
i'in d. o . a sp r.—i»t ?s. m . ep. l a w
1st, I. A D. Extension. 7* ..1908 121
Ind.D.AW - *«t 5s. g „tr.reo.. 1047
122% Pro.AE.-ll4<l.B.AW.-l8t.pi.7a.l9*>0 107
24, ft.s, gold, trust ri r -lp is .. 1948
1st. La C, A L av., 5a............1919 100
Ohio 1ml. A W.—1at |>r»[. 5ft.. 1938
1st, H, A D.,7a
...1 9 J U 120% 124 ;! ten. M. *)oii,!s, trust reo«sip;t*
Peoria A Pek. Onion—1st. 6 s . 1921 1 0 5 *
1st, II. A D., 5*
....1 0 1 0 l o t
____ tml. HI-. A tewig— 1st, g. la. 1939! 72
-2d mortg., 4% s.........
1921
Chicago A Paelfle OH., 6*.,1010 *i 14% ........ tnt.A G .V n—Ist.Oa.g.............1 9 1 9 ........
....
Pills- W ere. A Tot.— lit , 6 s... 1922
Mineral Point H iv .5
" ».........1"9"1 0 lOt
102
Kings Co, P .£l..l»t.5,g..ga.A .l92U ; ........ 87% Pitta. A !.. Er.—2d g. 5ft.” A” . 1929
C, A L. Buy. W » „ 5*............ 1921
---- lA ke Erie A Went.—24 g.. &9.1941
98w ....... I’ m.-. Mo. K. ,x Y.—1st « * . . . . 1932
....... Pills. Painsv. A P.— 14, a s ...1916
Fargo A South., 6*. A jfa u ...l9 2 t t o o
. . . . . . L 8 , A M .8 * ).-B .A E .-N e w 7 » .‘»8 ! III?'
Inc. conv. sink, fund, .'.-....1 9 1 6
Det. M A T .- t « i ,7 a ............ JlKgl ■ JO
90
....... Pitt*. Shen. A L. E. —lst,g..aft. 1940
D a k o ta * Gt. South., 5 * .... 1916 i o i “ 103
Pit** A W**si. —M. 5ft, g 1891-191
!..i.«* Shore—Div. btmds, 7s, ls9 9 1 1 *. 115
87
85
Pit is ( 'est’ ll.VA.— 1st, llgcon. 1927
MU. A Nor. mail) One—« * .. . 1910
U3
Kill. Alt. ,v G. B.—1st gu.ba.193d lO i
Muhun’g Coat BB. —lat, 5s. 1934 104 iV 6 ” Pies. A Ana, Cent.— 1st, k», g. 191*1
Oh»■ AN.W.—3 0 year deb. 5s, 1921 101% D2
SMMBBbh A L, 8. l , i , lit___ 1001; 107% n o
Lehigh V..N.Y.—I*t gu.g.4 %A lu 40 *95 i
-if. 2*1 Ineooue 6 * . . . . , , . . . , _____1916
Dee M. A Minn.—1st, 7s, ...1 9 0 7
Li-liigh V .l’erm .—1st gu . e . t . n m H>2 %
Kil l*. A Daiiv.—Detnsmure 6s. 1927 *90
Iowa Midland—1st, 6*.........HJOOj
U lebf.C ar.A W c e t .-l» t 6« . r .I 9 I 6
Enilip. >1. s,
g , 5ft........... 1009
95
Peninsula—1st. conv., 7 *,..1808;
U nit Island—l » t , 7 * ...............1898 106v
All. A Char —l» t , p r o f, 7a..1807
Chic, A MBwaukcc—1st, 7*. 1803. n o
N. V .A B’ way B.— 1st.g .5e. 1927
On
do.
Incom e, ( I s . ..,i960
Win. A 81. P.—2 d ,7 » . . . . . . . . 1907) 121
Wofth.O.A-W. - 1st. Is.g ii.cj.. 1924
24 murtu.. m e.................... 1927
3 %1 ....
Mil. A Mad.— 1st, 6*............ 1905 107*.
N'.’s .'..M .
! *.7-, ! « ! .:
Bio Ur. June.—1st, g**., g., 5«,1938
99%. 102
Ott. C. r . A St. I'.—1st, 5s. 1900 101
N Y.H. A M h - 1 at cot*, is.g. 19351 *96-sit 00
Bin Grande 8 0 . - 1 *1 , g,,
u iio
Northern 111.—1st, 5 - .. .
191 o l o i
BrtHikl'nAMuntnuk —lJtt.M.1911i t(K>%___
(M. Jo*. ,v Gr. Is.—2*1 lne.........1925
Oh.Poo. A St.!,.—( on.l*t.g.5s. 10*8
95
1st, 5 * ................................. 101! lo o
Kan. C. A Omaha— 1st, 5 * .. 1927
Lonle.Ev ,inn,A 8t. I„—Cou.5*sl93!,»l ___ 1
OJB.I.AP.-D 31.A I . D. 1st 1 -.1905
Bt L. A. A T.H—24 pref. 7 s .. 1804 lo o
10 2
1st, 2 %e............................... 1 90S
63* lauiift, ANasl*.—Cecil. I!r.7 *..iiio7 103 •
24 in. In*. 7 »................. ......1 8 9 4
i*7 *.00
Extension, 4 s . . . . . . . . . . . 1905
K. £1. A Nash,—1st 0«, g ....i u t 9
45
Dividend b o n d s ....................1894
Keokok A Dea M.— 1st,5 s ..19*23
Pensacola Divistor*, 6 - . . . . . . 1 9 2 0
Bellev, A So. Hi. —1- 1 . 9 »...x 6 a 6 lor. 103
102
Chicago A Si, Louis—le i, 6 ...H U :.
Bt. Louis Division, 1st. 0 *... 1921
Beilev. A Car.— 1st, 6 * .........1923
Chin,et. P. * Mum.—1 » t.t»a ...l9 l* 118 123
24. 3*................................... 10*90
Chl.8 t-L.APad.—l»tgd.g,5ft 1917 •0 6
Bt. Paul A S. a —1st, 6*........1919 120
Leb. Branch .............on .. . 1 «u.i
Bt, IsHOft 8 0 ,— 1 *1 , gu. g. 4s, 1931
81
81
Chic, A W . Ind.— 1st, s. L, 6 1919 .......
70
N w bv. A Decatur—lftt,7».s|!H)0i*.!*i,v<
do
2<i Incom e,5s. 1931
109
G eneralm ortg ag e,6 * .......1 9 3 2 n c i g
Car, ASUawt.—1st g. 4*----- 1932
8. f . A
N. AU*............ 1910
...
Chiu, A West Mich.—5 »............11121
ID-40, gold, 6s ......................192
. ......
S t U A 8. F .-2 4 tift.g.. cl. A. 191)6 lo*3%
' 34| *»S
® n H im . A D.—Con. a, f „ 7*.ltto'>
11*1u l(i, 7 s ........................... 1805
50 f ear 5», g......................... 193V
103
2d, gold, 4%*.......
1937
PftDs. A A t.- 1st, 6*. g o ld ...1921
1931
95 10O ; G e n e r a l5 s ...,..................
Dili. II. A tr’n 1st. gli. 5s. g. 1941
Co Hat. trust, 5», g ................ 1931
l - i . trust, gold, .is.................. 1987 *70
77
01*v. Ak, A C M .- hat. * 2d 6 - .1030
lx)u.N. All*. A *.h,—(>eu.! u.g. 5ft. 1**40 m
62
6a % * Consol, guar., 4s................... 1990
C. J.C, A Bt. L ,,( airod it
1 -.. 1 9 3 9
s«
Manlmttan U ) . —C n u *. i n .......ly u o
Kan,
City
a
8.—
!»%
6s,
g
.
..1916
90
03
St. Lou. DH.—I s tool. W’ bts.g.X 090
69% MaUlto.B.W.CulunlXa’ D—5*,g. 1934
Ft. 8. A V. B. Bk. - 1 s t 6*...191 0
BtrUig. A t 0 LD 1 v.— D u g.-D , 1840
...
Memphis A Churl,—(is, g o ld ..1924
Kansas Midland—i*t. 4s. g, 1937
if*
White A . Vai. Ill v.—1.1. c l*. 1940 '91
100
.......let m b. Tenn Hen, 7*................. 1.15
St, Paul A Duluth— l» u 5 s -----1331
CSa-W an. a M. 1 >iv.—u t .g .v -. 19 9 1 80
i Mexican Ceu*. Consul.— is, g .19 1 1
2d mortgage 6*.......................1917 100
O B . LSI. !_ A 0 .—lat,g„4.*.l«J30
1st, muift. Incutue 3s, g------- 1939
DO
8 t Paul Mliiu A M.— 1st, 7 s ..4909 1 0 %
C on sol, 6 »............... . . . ___ l»*2 i,i ’ 100
M exican Nanohat—l» t ,g .,6 » 1927
*2*1 n iir t .tis ....................
1909 113
Cta.Ban.ACi —C on.i*t,g ..», I92 - ' 1 0 O
24, tiH’unic, (is, " A ” ----1917
Minima*.. Union—U t. 6*___ 10*22
Cl Col. Cto. A ind.—1st, Ts.s.t. 1.899 n o
M
ont
C«n.—1st.
guar.,
6
s
..lu
3 7 110 116
8 a , limcaie, 6*,
Consol. sink, fund, 7 * .......1 9 1 *
1st guar, g, 5 * ........................ 1937 95
96
Clews. A Mah. V.—C old. 8 3 .. .193* ’ 102
East. Mil***.. 1st div. U t 5*1.1908
35
Kid 1L0
Colttoi blaA Green. —1st, 6 s. . . 1 » 10
8au 1 l.in. A S . P»—1st, g., 5*1.1919
93
IV0 !%
2d, 6s....................................... 1 9 2 6
1.19 9
Hoiul* Carolina—*3d. 6».......... 1.931
Dei. Lack. A W . - Sort. 7*___ 1007 127
. lu ol *_____ 106
Incom e, o * ..............................1931
Svra. Bing. A S . Y.—1st, 7*.l!H)ii 123 129 1
8 0 . Pag. Coast—1st, g tu u -.,4 -.l»o ?
119%
Morris A Kmwx—l s t ,7 * ....1 9 1 4 134
.19*25 ..ar«r.KK.A»’ u o f s i ,!.. lat, 1%s, 193:1 3 7
« ...
Bonds, 7*............................. 1800 1(3
tiicomns.......... ..................
Texas A New Orleans—1st 7a. 1 9 0 5
7s o f 1871..........................19*H 115 % 117
Situine Division, le t, ti»....... 1912 * 1 0 2 ^
Mlun.A Bt. L.—let, *. 7 »... .1927 i W
1st, coin, guar., 7*............. 1915 132 j . ....
_____
Iowa Extension, 1st,7s..
do
112 122
Consol. 5s, g ..................
1943
Del. A Hud. Cho.— on jam 7s, 18 8 4 1U*V ....
lou 120
Third a venue (N. Y;.— 1st 6s, 1937 U 0 - *
P% D iv,. coup., 7*................ 1917 13s ;----Boutliwesi Ext.— 1st,7 «... .1910 105
Tol. A. A. AUad.-6.ft
-----t o l 7
Albany A B u sq .-lst,g u .,7 » 1006 126
USd
Toledo A- A. ,* «*<l Cr.—g. 8*. 1921
1st, eons., guar., 6 s......... 1906 115 117
Tol. A, A. A Ml. P 1. - 6 S ...........1919
107 117
76
Reas. * Bar.—1st, coup., ’Ts. i a j i 1 2 7 % ......... Minn. A Pa* .—1st mortg., 55.1936
Toi. A. A. A N. 51.—So, g.........1910 * 3 2
- -•
Denver City Cable— 1st, 6s...lP U 8
T. VO.C. -K a n .A M., Mort. ts.1990 * 6 9
71
M lnn.8t.P.A».8.M —1st e.g.4a. 1938
80
D e a r .Tramway—* ons. (Is, g .lw io
Mn.K.A l. k .(*„•< I’.. 1si, (s.g. 1990
102%
Ulster A Del.— 1-ftt, oou.,0.,o*i. 1928 l o o
M etrotot. KJ.—lst.su , . . M . i a u
Dal. A W aco—let, 5a, gU-...UMu
I0 2 * a
Uaioii Paulite— 1st. 6*.............. 1896
102 ^
* ** <- A H G - tlng.-g., 5 * .. .I f 28
Ml ******ur* Pn. Hie—Trust 5 *,...1917
1st, 6*........
lo 9 7
86
Duluth A Iron Range 1 st a*. 1 0 3 7
1st coll.. Oft. g ...................... 1920
98%
tel. 6s...................................... 1898 1 0 3 % 10
68
E -Tenn. V*. a Ga. 1st, 7 s... 1 9 0 0 108
00
St I..A1. S l.-A rk.B r.,l8t,7s,l89o lo o -»
Collateral Trust, 6a...............1908
Hi visional 6 »........
1 0 8 0 101
Mobile A Gbto—let ext., tie... 1927
Collateral Trust, 5 a.............. 1907
1*1 eat., gold. 5 » .................. 1 9 3 7
103%
Bt- L. A Cairo—...........
1931
K.iufti.-* Pacitlo— 1st 6a, g . .. 1895 * 1 0 0
31
Eq. * im p., g .,« s .......... ........1 93b
Morgan’s La. A T .— let.Ba----1920 l o o
lat, tie, g ............................... ldati •100
45
*«<■**•
Mobile A Wirui.- 1st, g.,5»..U>37
0, Bt*. U. 1*— F. c., 7a.......... 1805
let. 7*..................................... 191 i l. «%
72
Alabama Central - i»i 6 s ...1918 100
All'll. Col. A Pin.',—im , 0a..,1905 M O >4
Nash. Chat. A 81. L.—2d, 6 » ..1 9 o l i(io |
K n e - .s i . extended, 7 » .......... j 3 9 7 106%
N. ( >. A. No. E -Pr. L , g.. Ba . I sH i*
Atoll. J. CO. A W.—let, 6s...1 905
tbt, extended, Be.....................l o i n 108% i 1»
N. V. Central.—I Neb. g. 4s . . . . i 9o .) ioi‘ %
U.P. Lin. A Coi.— tat,g.,,.s, 1918
84, extended, *%s............... 11*2 3 105 L07
N. J. June—Goar. 1st. I s . . . l'ls .i
Oreg.S.L.A 0,N.,eo*.t-r»t.,5a.l919 »
47**
dtp. extended, im ........ .
10-20 109
Utah A NortU,— lat. "a.. . ...1,908
Bscch *'.reek—let. gx'il. Is.. 1 934 97
He
8th, extended. 1 - .............
i..-gs
f >~w. A Koine—2.1, os, g.,gic IU*.V 1 *3% UO
Gold, o s ................................ 1020 * ____ 6 0
99 102
l a t ,« . . .
i d, 7s ...............1920
! C llca A Bi. RiV, 4s,
g o .19*22' lU .
90
Utiil* Bouthoru—Gen., 7a -.1909,
00
N. 1 . N . H, A Be—le t, rev 4s, 19 1* 3 * 1 0 0
Extern, iat, 7 »....................1909;
g « « * % 1*<»<•<<. *.«................ loots
N. V. A Northern—le t,* *** 1927 *1 o 2 .>
5-H * '• * £ • - » « * , 7 *.......... h *i «
Valley it'y Co. of *(.—Con, 6 » .19*21 : : : : : :
N. 7 . L- *.. A W.—Cot. tr..6« 1112*2 100
Wabash—Debenture. 8nr. A .. 1 0 .19 ;
2 4 .4 8 .................................
..11(27
lan ded OTtij,., 5 , .................. 1969
l;N. Y. 8ti-<| A West,—2d, 4% s.*937
Dot. A Ohio, lis t 1st, .58, g , . 1910 •9 0 " i o 'i %
91
95
61
Buff. A 6 . W .-M ort*. 6 e . „ . 1**08
No. MIftft.ml!—I.ftt., *ft. .,.,1801* l o t
.....
Gen, mort., 5*. g - . . . .............1 9 4 0
96% 9 8
4r*S«HMk-lat,gu.
1909
dt.L.K,i;„V.N, -ti..E.AIttt.7.ft, 1895 1 0 2 % . . . . . .
N, V. Tex. A Mim V I s i . 1«,gtl. 1*112
02
10 0
Cftftl A KH.—
X-^'2‘2
North ' 0 Pavitie—Divj.l’a scrip b a i .
St. Charles Br’ge—U utia... 1968 1 0 2
James River Va*.—1st, 0S...1W36 ____
Weat. Va. 0 . A Pitta,—1st, 6 b. 1911
Evan*. * r.H.— t s u ,iM %* 1 9 2 1 115
Wheel.A i,.E.— 1st. 5a, g old.. .1926 1 0 1 % 1 0 2 "
Bpomme ® Pal.—let, tie.......1988 * ........ 80
1st, genera*, g ,, *,s .......
Kxtei.ftl.u. A I un>. g,. .a. ,, 9 U!
81.Fail* A 5 . P. —
Oft.. 1923 I ........
* * o Pi c
* rt‘*.*l; u**-=<, are tho latest (motationa made thla treek.
N o r a i s s s n s a s e u 2k I m lt o u d B u n d * — oee 3d lu g e nr«omuii*.
760
THE
I V ol . LA* I]
CHRONICLE
Jan. 1 to Latest Date.
Latest Earnings Reported.
J jr m e s ir o je t t t
R o ads,
WeekorMo
1893.
| 1892.
!
1893.
1892.
$
I
$
Great North’ n—
$
$
AND
8t. P. M. A M. Septemb’ r. 1,380.431 1,413,808 9 ,355,738 8 ,9 58,449
East, of Minn Septemb’r. 149,770
125.607
863,363
831,375
83,242
Montana Cent Septemb’r
1 11,320
853,374
840,135
R a ilr o a d
In te llig e n c e .
Tot. system . Septemb’r. 1,613,4 43 1,650,735 11,059,237 10,643,199
Gr. P.W al. A Br. August—
2,3 81
1,569
15,135
14,923
2,622
25,5 9 7
28,484
Gulf A Chicago Septemb’r.
2,895
7he I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 150 pages H a rtsville.......... August___
414
569
6,686
6,585
3,212
3,115
27,435
Hoos.Tuu.A'.Vii Septemb’ r
26,5 5 6
contains extended tables o f the Stocks and Bonds o f Rail- Hons.
35,618
30.756
E.AW.Tex Septemb’r.
14,292
14,000
104,482
96,809
Toads, and other Companies, with remarks and statistics con Humest’n&Sh6n Septemb’r.
11,104
7,937
46.148
Hutch.&8outh’ n August—
49,223
cerning the income , financial status , etc. , o f each Company . Illinois Central. Septemb’r. 2,126,088 1,762,823 15,725,511 1 3 ,9 19,554
312,791
53,028
3
8,<07
382,278
Ind.Dec.A
West.
Septemb’r.
It is published on the last Saturday o f every other month—
1 10,768 3 ,1 34,637 3,0 6 6 ,4 8 5
111,313
Ln.AGt. North’n 3d wk Oct.
viz,, January , March , M ay, July , September and November, ilnteroc. (Mex.) Wk Oct. 14
31,650 1,673,402 1 ,455,250
39,148
47,275 1,509.882 1,5 2 3 ,5 3 0
51.799
Iowa Central.
3d
wk
Oct.
and is furnished without extra charge to all regular sub Iron Railway. Septemb’r.
3,531
25.983
*28.969
2,931
298 .8 1 7
6 ,094
283 ,4 1 0
6,682
Kanawha AMich 3d wk Oct.
scribers o f the C h r o n i c l e ,
257,413
271,85
5,114
6,209
Kan C. Cl. A Sp. 3d wk Oct.
The General Quot< dons of Stocks and Bonds , occupying K.C.F.S.AM em 3d wk Oct.
95,3 1 6 3,745,612 3,93*1,335
93.988
860,537
2 2 ,3 5 4
848,43 2
24,179
eix pages of the C h r o n i c l e , are published on the th ir d K .C.M em .ABir 3d wk Oct.
49,406
142,255
2 ,350
5,799
K. C. Pitts. A G. 3d wk Oct.
1,521
104,555
201,995
3.455
Kan.C.
Sub.Belt
S a tu r d a y of each month .
3d wk Oct.
7,567
8,866
Kan.C.W v.ANW 3d wk Oct.
9.117
8,512
321 ,6 7 4
3 1 2 ,' 83
Keokuk & West. 3d wk Oct.
59,578
6 ,184
58,858
7 ,125
L.
Erie ASeptemb’
ll. A So. r.
R A IL R O A D
E A R N IN G S .
65.159
76,8 1 0 2,891,143 2 ,838.909
L. Erie A W est.. 3d wk Oct.
54,4 9 4
337,968
435,< 02
46,115
Lehigh A H u d .. Septemb’r.
Jan. 1 to Latest Date.
Latest Earnings Reported.
136,226 2.661,477 2,6 5 7 ,0 4 0
Long Island___ 2d wk Aug 129.542
R oad s.
239,859
36,070
243.951
Louis.A Mo.Riv. J u l y .........
38,91b
1892.
1893.
Week or Mo 1893. I 1892.
38,908 1,4 4 2 ,9 *5 1,185,799
3^,605
Louis.Ev.&St.L. 3d wk Oct.
Louisv.ANashv. 3d wk Oct. 391,765
468,815 16.501,238 17,207,784
I
$
$
i
90,793
67,860 2,8 9 9 ,3 0 6 2 ,657,225
A.& Ch. 3d wk Oct.
110,658 Louis.N.
119,205
18.198
19,787
Adirondack___ August—
L ou.S t.L .A T ex, Septemb’r.
51,922
37,345
Allegheny Vai. ISeptemb’r. 1 80,862 240.192 1,894,653 1,9 2 5 ,1 4 9 Macon A Birm.. Septemb’r.
54,461
5,512
4,943
48,871
905,343 3 1 ,3 34.934 3 1 ,4 20,557 Manches. AAug.
A tch.T.& S. Fe’ 3d wk Oct. 8 80,985
1,024
7,998
9,593
968
August----189,219
8t. L. & SanF 3d wk Oct.
214,947 6 ,949,622 7,2 2 6 ,1 3 0 Manistique......... Septemb’ r.
79.830
70,736
266
665
Agg. to ta l... 3d wk Oct. 1,070,204 1,120,290 38,285,556 38,646.68
29,584 1.080,812 1,121,057
28,897
MeiuphisAChas.
3d
wk
Oct
460 ,1 3 7
44,0 5 4
462,511
Atlanta&Cliar.a August
54,411
183,713
179,069 6,30 .'.538 6,233,339
iMexiean Cent. 3d wk Oct.
B.&O.EastLines Septemb’r. 1,733,354 1,984,600 14,248,038 14,823,936 Mexican Inter’ 1 August—
141.001
161.418 1,358,613 1,203,739
610,110 4 ,066,606 4,5 7 0 ,4 7 3 [Mex. National.
Western Lines Septemb’r. 5 34,802
113,229 3,111,991 3,5 7 7 ,5 4 6
79,035
3d
wk
Oct
18,914,644
19,394,408 IMexiean R’ way
Total............. Septeuib’r. 2,268,156 2 ,594,709
56,605 2,486,429 2,4 3 3 ,3 8 0
57.481
W
k
Oct.
21
52.8 1 4
Bal.&O. South w. 3d wk Oct.
54,2 9 3 2,089,721 2,123,391 Mineral Range.
98,8 8 4
10,991
87,570
lo
,7
6
7
Septemb’r.
15,819
15,384
2,627
Bath& H ain’nds August .
2,859
162.672
176,304 1,293.222 1 ,4 36,272
Min neap. ASt.L. Septemb’r.
30,703
22,437
1,728
3,372
Bir. <feA tlantic.. Septemb’r.
60,216
78,303 2,628,913 2 ,456.934
M.
Sfc.P.
A
S
.S
.M
.
bd
wk
Oct.
4,814
Bir.Sh.&Tenn.R J u n e ..........
21,206
322.684 2.82,568 7,*7 6 ,8 4 0 7,5 8 1 ,6 6 6
Mo. Kan. A T e x ..
33,949
Brooklyn E le v .. 3d wk Oct.
38,1 7 7 1.487,979 1,502,908 Mo.Pac.AlrouM 3d wk Oi-t. 502.000 583,000 19,824,716 2 1 ,7 41,088
62.189
Bnft.Roch.&Pitt 3d wk Oct
69,846 2 ,7 61,122 2 ,5 70,001 Mobile A Birm. 3d wk Oct
3,727
3.524
3d wk July
Buffalo & 8u8q. Septemb’r.
21,076
Mobile A Ohio.. Septemb’ r. 228.2 21 2 72,7*1 2,3 5 4 .3 7 3 2 ,415,947
100,087
Bur.C.Rap. A S 3d wk Oct. 1 24,698
538 ,4 2 6
745,489
75,282
65.268
Mont.
AM
ex.G
lf
Septemb’r.
6 32,462
174,05
605 ,7 6 L
Camden & A tl.. August___
174,796
448,128 3,573.518 3,8 0 8 .8 7 8
353,541
Nash. Ch. A S t.L .
CanadianPacitlc 3d wk Oct. 4 8 4 .0 0 0
4 69,000 16,546,215 16,715,002 Nevada Centra) Septemb r
26.250
28,626
4,267
2,330
August___
17,873
Car.Cum.G&Ch. August___
2.617
1,214
29.038
210,692
21b,340
32,706
35,508
44,906 N. Jersey AN .Y . August___
6,145
7,838
41.3 8 0
Car. Midland___ Septemb’ r.
86,254
7 ,777
98,728
NewOrl.ASo’ n .. Septemb’ r.
11,256
Central of N. J .. Septemb’ r. 1,214,792 1,343,298 10,915.071 10,637,071 N .Y .C .A H .R ----4.221,704 4,212,115 34.882.661 3 3 ,3 91,603
Central Pacific.. August___ 1,362,915 1,475,144 9,3 6 4 ,2 6 4 9 ,6 39,723 N. Y. L. E. A W . Septeuib’ r. 2,668.633 2,742,729 14,488.357 14,793.203
June . . .
Central of 8. C .. August___
6,249
6 ,636
67.440
64,0 0 3
644 705 4,8 0 2 ,3 2 9 4 ,636,748
614,097
N.
Y.Pa.
A
Ohio..
August___
103,383
8,100
102,666
Ohar.Cin.&Chic. Septemb’r.
12,2 6 6
3 ,098,570 2 ,906,003
N. W & N .E n g ...
32,655
4 47,559
Charlest’n&Sav. August
29,310
4 18.979 N .Y . A North’n .. June
419 ,9 3 2
450,906
58,0*32
Septemb’
r.
52,0*68
11,000
10.4,473
Char.Sum.& No. Septemb’ r.
101,237
13,000
3,2
9 0 ,1 4 2 2 ,913,449
96,2 1 6
124,286
32,8 9 7
Chat’qua Lake.. July...........
6,030
30,253 N .Y .O n t . A W . 4thwkOct.
5,867
163,932 1,311, i30 1,277,059
N.
Y
Susq.
A
W
.
.
155,476
Septemb’r.
Cheraw.&Darl.. August___
5,045
57.440
49,310
5,736
321 ,1 1 0
327,3 4
Norf. A South’ n SeDteojb'r.
32,313
29,362
Ches.<fc Ohio___ 3d wk Oct. 183,530 207 ,7 4 0 8,1 0 6 .2 0 3 8 ,0 08,431
Norfolk A West.
23 5 ,2 *8 8 ,125,192 7.9 0 8 ,0 2 9
237 ,4 3 0
187,193
Ches. O. <fe.8. W . A u g u st___
207,151 1.529,715 1,414,795 N’theast’n (S.C.) 3*1 wk Oct.
432,545
*3 7 ,6 5 9
32,88b
26,970
August----223,504 1,719,646 1 ,5 76,392
Chic. Bur. & No. Septemb’ r. 198,203
65(\070 5 ,208,899 5 ,219,435
Chic. Bur. & Q .. Sep tern o’r. 3,520,193 4,135.598 28,521,972 2 9 ,3 06,770 North’n Central. Septemb’r. 582,546
368,379 7 .0 0 9 ,6 4 6 7 ,748,842
418,233
128,339
Chic.&East. III. 3d wk Oct.
97,884 3 .6 44,401 3 ,3 15,121 Norther nPaci tic 3d wk May
96,583 1,843,353 1,971,818
Wis. Ct. Lines. 3d wk May
86,763
Chicago & Erie. August___ I 296,466
235,401 2 ,0 13,636 1,807,045
N .P .A W.Ceut. Septemb’ r. 2,335,354 3,146,673 18,071,714 21,699,941
Chic. (It. West’ ll 3d wk Oct. ; 104,6L1
108,072 3 ,5 01,776 4 ,0 67,039
Oconee
A
W
est.
1,947
Septemb’r.
Ch.J.R .& U .S.Y . Septemb’r. 219,659
2 50,394
410,629 3,108 ,105 3,1 0 3 ,1 1 2
Chi c.Mil.& 8t.Pt 4th wk Oct. 1,312.857 1 ,2 92,756 28,157,771 28,268,986 Ohio A Miss....... Septemb’r. 360,174
622, J96
662, 663
22,810
21,597
Chic. A N ’thw’n. Septe’ b’r.A 3,325,121 3,633,927 23,341,202 24,356,279 Ohio River.......... 3d wk Oct.
478,872
486,,168
•59,392
Ohio
Southern..
44.758
Septeuib’r.
Chic.Peo.&S.L.fc Septemb’r.
84,638
124,486
380 ,5 9 4
365,
53,614
,458
40,202
Omaha
A
St.
L
..
August___
Chic. R ’k I .A P .. O ctober... 2 ,143,000 1,915,240 16,600,971 15,578,894
393,000 2,533, 782 2,5 8 8 ,5 8 2
Oregon
Imp.
Co.
359.716
August
—
Chic.St.P.M.&O. Septemb’r. 768,417
8 70,831 5,7 5 2 ,6 1 4 6,371,457
149,127
,904
224,
19,920
17,138
Chic. & W. Mich 3d wk Oct.
43,006
47,0 1 7 , 1,557,219 1 ,6 06,276 Pad.Tenn.AAla. Septemb’r.
135,241
161 ,894
I’enn. Midl’d.. Septemb’ r.
18,195
13,666
Cin. Ga. & Ports. Septemb’ r.
6,607
52,1 4 2
7,001
52.025
5
0
,c
9 8 ,7 5 4
50,303
6,0
9
8
.0
2
4
950
,
Cin. Jack & Mac. 3d wk Oct.
11,691
1 5 ,8 2 0
546,732
566 ,1 9 5 Pennsylvania... Septemb’ r. 5 ,394,510
691 ,6 4 3
700
704
17,926
PeonaDec.AEv.
lS,079i
3d
wk
Oct.
Cin.N. O. A T . P. 2d wk Oct
75,4 5 0
7 9 ,9 3 2 3,099,194 3,2 9 5 ,4 6 9
41
3 ,9 4 1
650
408,
37,564
38.268
Ala. Gt. South. 2d wk Oct.
38,898
30,151 1 ,3 23,505 1 ,3 57,036 Petersburg......... Septomb’r.
433, o53 513*035 3 ,437 ,785 3,2 6 1 ,1 4 8
N . Orl. & N. E. 2d wk Oct.
973,931 Phila. A E rie ... August—
40,2 7 7
26,806 1,033,105
16,853,351
,177
Ala. & Vioksb. 2d wk Oct.
14.089
405.801
10,787
459,111 Phi la. A Read’g . Septemb’ r. 1.946,596 2,164,923 16,635
Coal A ir . Co.c. Septomb’r. 2 ,290,003 1,902,649
Vicks. 8h. & P. 2d wk Oct.
11,727
12,066
4 01,221
3 81,248
Total both Cos. Septemb’r. 4 ,236,599 4,0 6 7 ,5 7 2
Erlanger Syst. 2d wk Oct. 180,441
159,742 6,242,853 6,4 8 6 ,7 6 8
Lehigh
Valley May............ 1,490,781 1.567,463 7,1 3 2 ,4 5 3 6,9 0 2 ,2 3 5
Cinn. North w’ u Septemb’r.
1,956
15,102
15,343
1,738
28,761
27,7 3 0
3,466
2,587
Cin. Ports. & V.. Septemb’r
22,020
200,843
27,815
191,538 Pitts. Mar. A Ch. Seotemb’r.
285 .1 8 2
367,764
Pitt.SLien.AL.E,
42,073
5 2 ,4 3 4
Septemb’r.
Col. & Maysv. Sepcemb’r.
1,481
11,124
1,323
10,873
142,955
122,008 1,198,659 1,038,779
Clev.Akron&Co. 3d wk Oct.
801,451 Pittsb. A West Septemb’r.
19,971
7 9 7 ,2 3 0
20,828
60 5 ,8 0 2
4 71,988
60,142
Pitts. Cl. A Tol. Septeuib’r.
75,826
Clev. Can.
8o. J u n e .........
103.000
449,797
81,866
37 3 ,0 8 0
238,002
2 76,287
32,5 8 0
25,335
Pitts. Pa. A F. Septemb’r.
287,925 3 04.059 11,176,792 ll.9 2 9 .2 7 P
Ci. Cin.Ch.&S.L. 3d wk Oct.
1,898.376
2,2
7
0
,0
3
6
49,868
64,59
Total
system..
3d
wk
Oct.
Peo. A East*#. August___
159,265
153,312 1 ,1 16,164 1, 46.636
970,943
9 75,654
1 34,0*8
94,622
7,971
Clev. <fc Marietta 4 th wk Sep.
2 45,699 Pitt. Young. A A . August___
10,102
249,017
146,580
179,797
15,999
16,106
Col. Newb. A L. August___
28,176 Pt. Ro vai AAug. August___
4 ,550
3,375
41,853
170,502
202,118
19,169
21.593
Col. H. V. & Tol. Septemb’r. 310,304 322.581 2 ,483,516 2,462,438 Pt.Roy.AW.Car. August___
208,826
198,243
27,0
5
3
26,5
9
5
Quincy
O
.AK
.C
.
Septemb’r.
Col.Bhawnee&H Septemb’r.
60,091
65,715
506.865
5 2 2 ,4 *8
55,8 0 0
45,523
3,932
Colusa & Lake.. Septemb r.
2 ,600
22,602 Rich.Fr’ksb.AP. August___
19,172
267,113
262,381
28,592
25,555
Conn. River....... June
58 3 ,3 5 0
5 6 2 ,9 7 0 Rich. A Petersb. Septemb'r
530 ,0 7 0
398,083
6 ,774
16,425
Current River. 3d wk Oct.
2,637
163,842 Rio Gr. South’.a. 3d wk Oot.
" 4*.6*3*1
126,945
2,1
1 3 ,6 3 7
1,815,593
54,600
50.9
0
0
145,3 «0
162,300 6 ,2 77,342 7,2 9 0 ,6 5 2 Rio Gr.W est’n .. 3d wk Oct.
Deny. A Rio Gr 3d wk Oct.
89,679
96,9 4 6
12,530
11,9 3 0
Des. M .N o. vV W Septemb’r.
43,562
38,210
308,471 Sug.TuscoiaAH. Septemb’r.
3 05,841
60,801
63,107
7,941
7.525
Det.BayC.AAip, Septemb’r.
20,574
32,792
2 72,255 Sag.Vai. A St. L. August___
3 24,91e
29,1 1 0 1 ,2 61.514 1 ,186,972
31,9 6 0
Det.Lans’gANo 3d wk Oct.
9 8 8 ,1 *2 St. L. A . A T. H. 3d wk Oct.
25,463
28,022
9 73,166
21,7
05
19,428
1,874
2,325
DulnthS.S.AAtl. 2d wk Oct.
39,340
45,424 1,723,315 1,7 9 5 ,9 5 0 Sc. L. Ken’et ASo. Septemb’ r,
114,500 3,742.491 3.4 6 0 ,8 3 2
113.000
Duluth & Wiuu.. August
17,309
9 ,8 9 2
84,899 8t.L.Southw’rn. 3d wk Oct.
190,681
1,274,364
1,478,261
229,118
160.684
E.Tenn.Va.A Ga 3d wk Oct.
131,860 130,551 4 ,4 6 1 ,8 8 0 4 ,9 7 3 ,9 7 6 St. Paul A D u l’th Septemb’ r.
92 *,690
153,852 1 ,0 97,529
124.672
82.0 9 0
75,804
62 0 ,2 8 6 San Ant. A A .P . August___
6 80,064
Elgin.Jol.A Baa Septemb’ r.
19,953
18,095
Eureka S')iing3. A u g u st....
53,310 S.Fran.AN.Pac. 2d wk Oct.
57,10'
6.398
8,509
365,5*19
373 ,3 5 0
50,7
0
9
Septemb'r.
36,918
Sav.
Aui.
A
Mon.
Evans A uid’ pin 3d wk Oct.
7 ,356
7,688
3 07,539
2 99,399
1 ,5 5 2 ,4 2 1- 1,653.202
Sav.Fla. A West. J u n e .........
Evans. A Rich.. 3d wk Oct.
2,464
3 ,290
46,696
65,756
15,112
**7,50*6
Silvertou.............
Septemb’r.
Evansv. A T . Ll. 3d wk Oct.
37,161
25,734 1 ,1 46,935 1,0 4 8 ,7 6 5
150,759
157.865
30,742
28,570
Fitchburg........... August----573.221
691,269 4 ,8 82,063 4,8 6 8 ,1 0 6 Sioux City A No. M a y ...........
134,920
1
68,130
19,000
17.500
South
Bound----Septemb’
r.
Flint & P.Marq. 3d wk Oct.
54,521 2,2 6 9 ,1 2 4 2 ,3 0 7 ,5 5 6
49,681
941.101
946 .1 8 2
91.900
115,388
Florence..........
6.618
2 2 ,7 7 9 South Carolina.. Septemb’r.
93,5 5 4
August___
2,098
12.305
14,778
556
676
South A N or. car. August___
99,629
•Fl.Cent. APenii J u n e .........
97,667
F t. W. A Rio Gi
21,405
253 ,3 3 1 So. Pacific Co.—
pteiub’r
34,461
2 52,668
2
,7
4 5 ,4 3 4
2,762,91'
36
0
,1
2
7
G
al.H
ar.A
S.
A
August___
278,407
639
10,819
Gads. A Att. U .. Septemb’ r
1,124
7,431
6 5 5 ,6 3 4
719,471
84,165
Louis’a W est.. August___
70.1 8 8
107,424' 130.582
Georgia R R ....... sept* rnb’r.
954,019 1,0 4 7 ,3 2 4
3,322.111
3
,1
41,868
342.302
Morgau’sLAT.
August.
41
7
,1
6
6
35,441:
136 ,1 0 6
Ga. Car’la A No A ugust —
24,661
30-S968
150,504
137,195
21,127
17,766
N .Y .T . A M ex. A ugust___
Goo. So. A F la ... Septemb’r.
57.324
54S.309
63,4 8 4
5 89,523
149,836 1,192,362 1 .077,672
117.503
Tex. A N , O rl.. August___
30,771
Georget’n A W’ n August___
2,598!
29,656
3,255
832,808 1,034,781 8 ,224,976 7,817,978
Atlantic sys.d. August___
Gr. Ran. A ln d .. 3d wk Oct
46,256
54,676 1 ,8 11,146 2 ,0 12,938
Paeitio system August___ 3,184,603 3 ,5 58.274 22,957,939 13,019,175
400 ,5 5 1
Cin K.A Ft. W. 3d wk Oct
7,778
9,461
35 4 ,7 7 8
Total ot a ll.. Septemb’r. 4,243,055 4,700,651 35,4^5,969 3 5 ,5 37,805
198,833
2,992
Other lin e s .... 3d wk Oot
4 ,854
163,051
CoastD\v(Cal.)
57.324
Total all lines 3d wk Oct
68,991 2 ,3 28,975 2,6 1 2 ,3 2 2
993,251 1,071,001 7 ,0 9 6 ,3 6 0 6.5 5 8 ,5 9 4
Sou. Div.(CaL) £ A ugust..
GrandTrunk.. . Wk Oct. 214 86,828
438,518 1 6 ,5 5 2 ,9 *6 16,305.813
147,693 1,340,193 1,258,882
133,965
Arizona L'i^.. August___
Chic. A Gr. Tr Wk O c t.il
141,845
70,6 4 9 3 ,4 9 1 ,1 8 6 3,0 0 1 ,8 1 3
6'>6.028
629.7r*8
NftwMexJDiT August ..
78,629
6 1 .4 0 4
n*»
m |an. r»ct. **
909.191
975. •45
«*\092
THE
N ovember 4, 1893.]
Latest Earning t Reported.
KO jJJS.
n’tekor Ho'
Jan. 1 to Latest Date.
1893.
1893.
C H R O iN lC L E .
S
72,985
725,976
36,719
933.137
795.295
1 7 2 s. 122
174.7531 5.313,677
4,155:
39.595
57,002' 1,859,562
22,407
792.961
51,827. 1,435,174
5.9.607
291,086;
1892.
?
70.394
747.367
44.695
Spar. Un. A Col. August . . .
Staten IsL R. T Aueu-t. ...
StooyCLACMt . August___
952.-72
SummltBraneti. Septotab'r.
793,134
Lykeos Valley Sepiem b'r.
1.781.310
Tot’l both CoN Sepiemb'r.
5,093,159
T exas A PaeBle &d wk Oct.
35,654
W jxA V al& If.W jSeptemb’ r.i
1,012.497
ToLAOkioCente i t li r t 'K ;!.
797,317
To!. P . A W est., -at wit Oct.i
1.787,324
Tot. St. L. A K.C 3.1 wit Oot.
284,521
Ulster & Bat ... A ugust......
Union PaoiOo—
Or.S.L, A L\ V A u g u st.,.. 423.704 633,544 4,103,362. 4.624.579
O r.B y .A S .C o August___ 237,235 373,444 2 ,3 '4 .0 6 5 2,717,3*4
297,240 510,143 3,-135,889 3.750.03 i
XI. Pae. B . A G .: August—
30.500
933.618
997,9 is
21.000
S t Jo.& G d.M . 3d wfc Oct.
A ilothertinea. A u g u s t.. l , 196,71-1 2-229.50.1 ! 3 .0 3 5 .9 *8 14,730,870
T o L f .P ays., A ugust.... 2.5 4 5 ,0 1 9 3 ,8 88,765 2 ;,7 I S .3 7 S 26,581,039
74,714 138,073
664,32-4
834,295
C ent.B r.A BL. Anstagt...
71.131
90,873
551,379
727.114
Montana U u.. Aiupist—
2.515
2,755
17,719
23,111
L ear.T op. AS. A n tu si___
3.130
3,267
27,100
25,309
Man. ALA Bar.; A ugu st....
Opart t o t a l/ August— 2,658,11> 4,075,290 24*680,799 27,803,714
............ f
88,604
89,361
Vermont Valles J u n e ........
W abash..............3d wit O c t
S22,000i 3; 7. OUO ll .1 7 s .5 i s 1 1 ,3 -1 7 . >II
7 ,3 0 !
62.561
18.86,1
7,485
Wab. d ie s . A W. August... .
232,060 266,066 1,196.160 1,196.276
Weat Jersey.......'August ...
888.3*2
815,830
w.V.Cea.A Pttt- s,.|,teiub'r. 101,360' 01.369
30,1*31 236,05 i
178,640
37,239!
West V a A Pitt*-, Inly .........
926.180
866 ,0 2 2
W est M aryland.’Beptewb'r. 128,1011 174,222
79.200! 2.887,035 2,805,167
68,300
West. t t . V. A Pa 34 wk Oct
31,102
30.771 1.247,9.50 1,161.658
Wheel. A U Brie M w k Oct
19,‘.96
10,235
2.019
2.7*8
Wii.c%ad.ACoo A u g u st....
*11.161
462*92.
36,811
506,799
Wtl. Col. A Aue August___
6.552
8.793
Wrlghtsv.ATer; September.
* Include* C o t Mid. tn 1893 and 1892 tor week and year to d ate.
> Includes Milwaukee A Northern tor all periods.
4 Includes Wis Cent! al to September 2 6 lu ch u iv o tor both year*,
a Figures co y e r only that part
m ileage located m South Carolina
* Earning* given are on whole Jacksonville Southeastern System
t The business o f the Lehigh Valiev and Lehigh A Wtlkesbarro de
partm ents I* not included. <1 Includes earning* from ferries, etc,,
a m given separately. : M exican currenor. e T o t Cot. A Cm. included
tor the week and sine* Jan. I la bath rear*. / Include* only h a lf of
line* la which Union Pacific ha* * half interest. A Includes for Sep
tem ber earnings o f Milwaukee Lake Shorn A Western In both years.
Latest ttroa* Earnings by Weeks.—The latest weekly
earning# In the foregoing are separately summed up as follows:
For the third week of October our final statement covers
87 reads, and shows 0-58 per cent gain in the aggregate.
M
18 13.
K e e k o f O c tob er.
Previously rep’d 1 39 r’dm
Ateh. Top. A 8. Fe 8 y * ...
St. Leal* A San Frau,.
Burt. fe d . Ban. A North,
Chicago A Grand Trunk
Clere. Akron A Oolumh
Clere. Ctn. Chic, A SL L ..
Current H irer...................
Bet- <Jr. B a r r a A- MJlw..
East, Trim. V*. A O a ....
E m m *. A Richmond —
Flint A IVre Marquett
Grand Rapid* A Indiana
Cincinnati R. A Ft. W ,.
Other line#........ .........
Kan. City Clin. A Spring.
Kan. C. Ft. 8. A .Mem.. .
Kan. City Mem. A Blrm.
Kan. C ity Pitta. A G o l f ..
Kan. C. Wyan. A N. W .
Keokuk A w
___.. .
Memoal* A Charleston
M exican Railway
.......
M ina. St. F. 4e 8»
R io Grande Southern —
St. L , A lt . St X. H a ...___ _
Toledo Feoria A Weet’n ..
Western K. T . A P e n n ..
«
5,712.8*7
905,313
214,917
109.087
70,019
20,828
30 i ,059
4.031
26,216
130.551
3.290
54,521
54,076
9, *61
4.954
5,114
95.316
24.179
2.350
8368
8,11.7
2 9 ,5 9 1
56,005
78A03
22,810
16,425
29.110
22,*07
79,200
8,151,4*3
8,104.7*8
339*939
ii,0 u
74,196
..........
l,30a
............
1,095
............ .
3,410
............ j
878
2.S>0
3 ,4 7 3 :
i
*
5.792.501
380,983
189,419
i3 * .« a H i . 845
19.971
287,923
2.037
22.092
131,860
2.464
*9.081
*0,256
7.772.992
6.209
93.988
22.351
5.79!#
7^507
8,512
23.397
57.481
60,210
21A 97
6,774
31,960
25,395
63.300
I n crea se . . D eere s .
P
*
310,885
24,353
25,729
_, . . . «,,
857
16.134
1.304
4.1*24
828
4.840
8.420
1,093
1,962
1.329
1,-25
1,299
605
697
18.087
1 .2 1 3
9.G51
10,900
446,050
i
Total (67 roada)............
Net increase (0*53 p .c .)..
1892.
Net Earnings Monthly to Latest Dates.—The table fol
lowing shows the net earnings reported this week, A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chkonicle of October 21. The next will appear in the
issue of November 18,
7 61
- G r o s s E a r n i n g s .—
1893.
1892.
Darren* R iv er.......... Sept.
11,265
-R et E a r n in g s .
1893.
R oa d s.
16,7 0 7
$
1892,
$
2,804
7,853
119,910
120.214
Jan. 1 to Sept. 3 0 ___
23,739
6 2,206
32,003
57,077
July 1 to Sept. 3 0 . . .
4,757
27,989
825,740
578,369
245.500
Den. A It. Grande, b.s-ipt.
350,994
Jan. I to Sept. 3 0 ___ 5,850,442 6,754,252 2.289,99 2 2,311,029
Ju ly 1 to Sept. 3 0 __ 1,542,003 2,541,724
511,773 1,102,877
63,48 4
57,324
Ga.Souttt’n APla.b..Sopt.
12.003
21.063
548,309
589,523
73,463
Jan. 1 to Sept. 3 0 ___
135,590
181,720
July 1 to Sept. 3 0 —
174.829
15,636
48,474
27,839
30.002
13.293
Kau.C. Clin. A Spr. .Sept.
11,342
239,278
2 5 3 ,5 8 0
92,582
Jan. 1 to Sept. 30. ..
73,402
82.900
75,993
25.293
July 1 to Sept. 30 . . .
*23,915
436,806
366,11*
Kau.C. F t.S .A M -.a S ep t.
111,203
113,992
747.400
Jan. 1 to Septs. 3 0 ... 3,467,461 3,613.779
814.857
218,626
July 1 to Sept 3 0 ... 1.031,305 1,223,770
301,047
99,771
13.509
Kau.C, Mem, A B .a -.Sept.
84,673
7.083
792.091
782.990
79,451
Jau. 1 to Sept. 3 0 ---55,302
26 7,252
235,707
7,521
July 1 to S e p t 3 0 ----171
602,492
Louisv. & N w h v .b Sopt. 1,480,559 1,907,125
686,829
Jan. 1 to Sept. 3 0 ....1 5 .4 1 6 .1 1 3 15.834,819 5,239,873 - ' ,03*
July 1 to Sept. 3 0 .... 4.697,*0* .1,859,271 1,730.000 2,613.952
195.747
Mexican Central.. . . Sept. 563.201
631.373
211,999
Jau. 1 t o Sept. 30 . . . 5,812,391 5,721.297 1,958,224 2,002,023
tltt,S 3:4
414,922
f 16 2,291
Mexican National. Sept.
343.3 48
Jan. 1 to Sept. 3 0 ___ 3,180,294 3,271.115 t l , 138,7*8 11,132.083
81,512
69,201
176,304
Minn. A St. Louis.» . Sept.
162,672
433,730
5 3 3 ,0 5 0
Jan. 1 to Sept. 3 0 ___ 1,293,222 1,430,272
176,225
529,000
*33,515
July 1 to sept, s o ___
193,223
103.932
73.151
N. T. 8 il*. A W est..bSept. 155,476
7 6 ,4 1 1
579,323
Jan. 1 to Sept. 3 0 ___ 1.311,330 1,277.059
563,903
775,267
260,1*3
913,184
Norfolk A Western aSept.
3 1 6 .5 1 7
Jan. 1 to Sept, 30
7.474,101 7,236,737 2,057,599 2 ,139,191
927,327 1 ,0 5 4 ,6 8 5
Pbtl:i. A Re ailin g...S ept. 1.946,598 2,10 4.923
18.79
Jau. I to Sept, 3 0 .. ..16,635,177 16.853,351
7 ,4 4 9 .2 2 7
Bee. I to Sept. SO.. .18,753,544 18,7.44,873 7,360,930 8 ,2 3 5 ,4 3 9
Coal A Iron C o....... Sept. 3,290.0 >3 1.902,649
190,294
212 ,9 4 8
5 * 1 .1 2 9
Bee. 1 to Sept 30, .18,633.086 17,677,853
333,844
Total both (J ob c.-S ep t, 4,236,593 4,087,572 1.123.621 1,26 7,633
Leo. 1 to S e p t 30 ..37.452.630 36.41 2.726 7,699.779 3,7 7 9 ,5 6 3
Rio Grande W -d .b .S e p t.
131,92*
251,663
105.00*2
74.080
0 3 1 ,6 4 4
507.055
Jan. I to Sept 30 . . . 1,874,393 1,957.547
230,096
July 1 to Sept, 1 1 ___
562,281
759.647
295,918
Sonth’nPafrtfi" (••».!)Sept. *.243.055 4,700,651 1,912.443 1,985,828
Jan. 1 to Sept, 30 ...3 .1 2 5 ,9 0 9 35,537.805 12,333,883 12,485,381
W a b a - u .b ........ ....S e p t . 1,2,17,173 1,400.143
369,914
*05,007
Jan. 1 to S -p t 30. . ill, 2 0 1 ,378 1 0 , * 1 8 ,932 2,280,99 * 2,4 *3,51 8
July l to Sept, 3 0 ___ 3,S al,319 3,016,672
917,460 1,037,337
W kitebFMEnei C o.-Sept.
..................................
u .3 3 5
s .m
Jau. 1 to O pt. 30 .............................................
112,381
59,273
___ July 1 to S ep t-3 0 ...............................................
28.815
15,074
« Not earning* here given are after deducting taxes,
b Net earning* horn m rea arc botnro d educting taxes.
Viter deducting ether expenditure# tor repair#, replacem ents an d
general expenses, n e t incom e applicable to interest on bonds in Sept.
WaaSOIL** 2..4eaiu#t $103.9 ,~4 last-year,and tor nine month# 3671,034,
against 2917,750. M exican duller* are treated us equivalent to 80
'•-•■nt. United states m oney, ami all depreciation beyond 20 per cen t la
charged in the above items.
* Mustu**,# o f the Lehigh Valley and Lehigh A W tlkeabarra depart
ments Is eliminated for both year#.
| Includes Colorado Mldiand tor both year#.
Interest Charges and Surplus,—The following roads, in
additiou to their gross and net earnings given tn the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
— I n te r '!, r e n ta ls . A c.-, —B a t. o f R e t E a r n s . - .
1393.
1892.
1893.
1892.
*
*
8
*
912.000
919,000
1393,978
1623,518
Ateh. T. A 8. FoSyn.Sept.
.7 5 7 .0 0 0
1551,4*3
4 5 .4 2 5
July 1 to Sept, 3 0 .... 2,326,000 2-------------— ' - - 11
" ,1-----------2 7 5 ,0 0 0
17.157
1 7 7 ,6 1 3
St. L. A 8. F. By*.,Sept
285.000
8 * 5 ,0 0 0 def.8 4 .0 3 0
-----------855.000
2
9 9 ,3 8 1
July 1 to Sep*. 3 0 ___
1411,135
1 8 0 1 ,1 3 1
Total »y * te m ..,....S e p t 1,227,000 1 .1 9 4 .0 0 0
1 4 8 9 ,8 1 3 11 ,4 4 4 ,3 0 6
July 1 to 8ept 3 0 , , . . 3,631.000 3 ,5 8 2 ,0 0 0
815,075
7 4 3 ,0 4 9
9 0 7 ,0 9 1
Chlc.Burl. A Qulncy.aept.
830.000
Jan. 1 to Sept. 3 0 .... 7,470,000 7,3 3 5 ,6 7 6 1 ,9 7 2 ,2 1 * 2,518,549
1 7 6 ,9 8 5
105 ,4 0 0
C leT .an.C hto.A St.U Sep.
229.750
3 9 1 ,0 9 2
2 1 0 ,0 5 *
6 59.691
July L to Sept. 3 0 . . . . 072.337
1,161
6,092
■ _ dflf.3,388
Current R iver..........Hopt.
6.692
7,913
2
0
,0
7
6
d
e
f.15,319
July 1 to Sept. 3 0 ,...
20.076
d
of.2,296
13,638
.
d
ef.350
Kan. C. Clin. A Spr.Sept.
13,638
* 0 ,9 1 4 def. 13,016 def.L 6.999
Jttly l to Sept. 30 . . .
40.914
9 0 ,8 2 9
20.8 3 9
2 3 ,1 6 3
Kan . C, Ft. S. A M .. Sept.
90.309
277
,3 8 2 dcf.50,388
2 4 ,2 6 5
July l to Sept. 30 . . .
269,014
3
3
,2
4
8
d
e
f.26,460
d
e
f.3
1 ,1 6 3
Kan. C. Mem. A Bir.Hept.
39.969
113,014 df. 110,059 d f.1 1 2 ,8 4 3
July 1 to S ep t 3 0 ....
118,183
i including other Incom e,
224,382
ANNUAL
REPORTS.
New Orleans & North Eastern R ailroad,
( F a r the yea r en d in g June. 80, 1803.^
R oad*.
This company owns 195*52 miles of road, extending from
At. W, A S. He......btsept. 3,253.230 3,855.993 1.293,978 1,467.9181 New Orleans, La., to a junction with the Alabama & Vicks
Jam, 1 to Rept. 3 0 ,. .28,769.5*3 23,732,560 8,647.175 8.050,909
‘
3,077,425 b u rg Railway at Bragg Street, in the city of Meridian, Miss.
J il, l
•
i , 2 v . i '.‘-7 i i.v.'-' 3 ,1
Tne report states that prior lien bon is to the amount of
*52.013
• U . A$ao Ft-Svs.bSept, 717,025
931.322
301,137
Jan. 1 to 3-.pt. .!) . . 6,409,486 0,579,540 2,114.102 2,469.212 $ 100,000 were sold during the year. Expenditures for account
July 1 to sept. 3 0 ___ 2,083,539 2,604.940
770,370 1,124,381 of capital amounted to $128,007. Iu comparison with the
T o ta l# ? -item.......b - 'p L 3,972,005 1.307,775 1.598,135 1,920,131
.
preceding year passenger earnings show an increase of $4,778;
Jan. 1 to sep t. 30 ... 33,179.029 30.112.100 10,761.937 11,120.3 >1
freight earniug* an increaa j of $120,157; mad, express and
July l to 3«pt. 3 0 ___ 11.304.449 13,3*9,360 3.960,313 4 .8 0 1 ,8 0 6
rnisc *llaneous earnings a decrease of $1,598; total increase of
838,999
Canadian PacUte.a.Bept 1,918.32* 1,975,031
301.830
Jan. 1 to Sept. 3 0 .. .1 5 ,1 1 5 ,2 1 5 13,311,002 8,296,779 5 ,5 7 2 ,4L3 $129,337. or 10*02 per cent. The operating expenses show an
increase of $173,770 or 17*08 per cent. The netrevenue shows
9 8,924
Chic. Bur. A North, b -v p t. 198.201
223,304
73.318
533,230
Jan. 1 to Sept. 3 0 .... 1,719,646 1,5 76,L>2
59.1,441
a decrease of $ii,430 or 16-25 per cent.
There were moved during the year 827,855 tons of custom
Okie. Burt. A Otin.te-ip' 3,520,191 4,135.599 1.573.6*3 1,722,106
J*n. i to Sept, 3 0 ..... *9.521,972 29,306,770 9,442.21 * 0 ,8 5 4 ,2 2 5 freight agiitwt 605,957 tons the preceding year, an increase of
1
0
9
,1
8
*
C&.Jon. BA U .sm c Vdn.Stop. 219,639
230.394
130.032
131,803 tons, or 18*88 per cent. The number o f passengers
401 .3 0 7
c ie v .CIO. C. A 8 A B a — pt. 1,237,702 1,397,847
335.150
carried was 2*23,338 against 220,718 the preceding year, an in
Jan. 1 t o « e p t, 30 .,,* 0 ,3 * 3 ,0 9 0 11.007,400 2 ,t o * ,8 « 9 2 .3 4 9 ,5 6 8
Ju ly 1 to Sept. 3 0 .... 3.650.156 M 0A.50B
882,301 1 ,054,383. crease of 7,838 paeseo’g ew or 3A0 per cent.
.----- t i m e t E a r n i n g s . -----..------ R et E a r n i n g s . ------1893.
1892.
1893.
1892.
H
S
8
*
THE
762
[V ol . L V H .
CHRONICLE.
The increase in passenger earnings was principally in
through travel. The increase in freight earnings was in lum
ber, brick, coal, grain, hay, provisions, fruit, machinery, gen
eral merchandise and other commodities. There was, how
ever, a very considerable decrease in cotton. The results for
the year are disappointing. With increased receipts the net
earnings are less than m the preceding year, owing to a de
crease in the average rate per ton per mile on freight hauled
and to the cost of extraordinary repairs and renewals to roll
ing stock.
The board proposes to arrange for the purchase of additional
freight ears by the issue of an equipment boad for that pur
pose as soon as a satisfactory arrangement can be made.
EARNINGS AND EXPENSES.
1890-91.
143
Ean. in gs—
$
Passengers.......................................... ............. 212,^ 80
Freight
............................... ..........
Mail, express, &c.............................
1891-92.
143
$
2 0 5 .5 0 3
441 .7 6 5
45,4 7 3
1892-93
143
$
168,210
3 6 7 ,5 0 2
52,586
T o ta l...............................................
Operating expenses and ta x e s.. .............498,496
692,741
550 .9 2 9
583,298
48 2 ,4 6 5
Net earnings............................... ............. 1 49,905
P. c. of op. expenses to e a rn in g s........... 76*88
141,812
79*53
105 ,8 3 7
8201
1891-92.
1892 -98 .
Mil68 operated.................................. ........ . .
INCOME ACCOUNT.
1890-91.
EARNINGS, EXPENSES AND CHARGES.
Net earnings......................................
Other income.....................................
1 4 1 * 11
220
105 ,8 3 4
16,076
Total.............................................. ............ 1 49,905
Deduct—
Interebton bonds............................ ............. 116,535
Interest on floating debt............... ..............
880
1 4 2 ,0 3 1 .
121 ,9 1 0
1 20,703
121,497
413
120,702
21,329
1 21,910
1890-91.
196
Miles operated.........................................
Earnings—
$
Passengers............................................... . 204 ,0 9 3
Freight............... ................................... . 8 5 9 ,8 2 4
74,612
M ail, express, & e................................. .
1891-92.
196
$
220 ,1 6 8
91*7,416
73,0 1 2
1892 -93 ,
196
$
224,946
1,1 2 3 ,6 0 3
71.4 1 3
Total earnings................................ 1,1 3 8 .5 2 9
Operating expenses and ta x e s........ . 873,939
1,2 9 0 .6 2 6
1 ,0 17,183
1,4 1 9 .9 6 2
1 ,1 9 0 ,9 d9
Total.............................................. ............. 117 ,2 1 5
.............. 3*?,690
2 73,443
78*82
22 9 ,0 0 3
83-87
BALANCE !SHEET JUNE 30.
Net earnings................................... .
Per cent of expenses to earn ings..
2 6 4 ,5 4 0
76*77
INCO M E ACCOU NT.
Net. earnings........................................... .
•Other income .......................................
T o ta l.................................................. .
Deduct—
Interest on prior Hen bonds............. .
“
•• 1st mortgage bonds___ .
1891-92.
<5
273 ,4 4 3
3 .404
1890-91.
$
264 ,5 4 0
6,465
3 892-93.
$
2 29,003
2.829
271,005
2 7 6 ,8 4 7
2 3 1 ,8 3 2
65,4 0 0
3 00,000
67,2 0 0
300, COO
69,7 0 0
300,000
T o t a l.................................................. . 36 5 ,4 0 0
94,395
Deficit........................................................ .
367 ,2 0 0
90,353
3 6 9 ,7 0 0
137,868
B A L A N C E SH E ET JU N E 3 0 .
Assets—
•Cost of property...................................
Accrued interest.................................
Mateiials ai d supplies......................
Airents and conductors......................
Cash...........................................................
Miscellaneous.........................................
Net revenue account.......................... .
1892.
1S93.
$
$
.1 0 ,7 5 7 ,6 9 2 1 0 ,«8 6 ,3 0 0
271,845
2 1,*45
87.412
99,8 9 6
57.106
59.272
.
103 .2 5 L
1 0 ,s86
83,4 8 7
88,197
. 2,1 3 9 ,5 2 7
2,2 7 7 ,3 9 5
Total assets...................................................
1 3 ,5 00,320
Liabilities—
-'Common siock ................................................................ 5 .0 c o ,00 0
Bonds isee S u p p l e m e n t ; ............................................ 6,i2o,0<'0
Unpaid coupons.............................................................
2 7 1 ,8 1 0
Accrued interest not due...........................................
100,3 o
A . N O. T. & C J Ry. accounts.............................. 1 ,664,728
For supp ies, taxes, eto .............................................
1 5 3 ,0*vl
Miscellaneous...................................................................
123,295
Total liabilities.
1 3 ,5 0 0 ,3 2 0
13,693,491
5 ,000,000
6 ,2 20,000
27 i .815
108.300
1 ,-0 3 ,0 0 0
1 7,532
102, &14
13,693,491
Alabama & Vicksburg Railway.
fF a r the year ending June 30, 1893.,7
The annual report states that consolidated first mortgage
bonds to the amount of $70,000 were sold during the year.
Expenitures for account of capital during the same period
amounted to $16,009. Owing to the exceptional falling off
in ean ings and to heavy operating expenses, which include
$32,937 for new rails, it has been necessary to transfer to net
revenue account the sum of $16,076 from net proceeds derived
from the sale of detached lands, so as to meet the full year’s
interest on the second mortgage bonds. The second mortgage
bonds are income bonds until Apiil 1st, 1894 Iu comparison
with the preceding year gross earnings show a decrease of
$104,441 or l | -07 per ceDt. Operating expenses, including laxes,
show a decrease of S68.464 or 1243 percent. Net revenue
shows a decrease of $35,977 or 25 37 per cent. There were
moved during the year 3)6,007 tons of custom freight, against
330,741 tons the preceding year, a decrease of 14 234 tor s or
4 30 per cent. The revenue per ton of freight transp rttd was
$1T6 against $1 84 the preceding jear, a decrease of 18 cents
or 13 43 per cent.
The decrease of $104,441 in gross earnings is made up as
follows :
-■"Decrease in passenger, local.................................................$26 ,6 6 0
“
"
through......................................... 10,632
-------------$37,292
freight.
7 4 ,-6 2
U
express.
2 ,2 10
Increase in mail earnings..
“
miscellaneous.
$ 1 13,765
$8,4 3 4
889
------------9.323
Total.......................................................................................................... ..
The decrease in passenger earnings is attributable to the
partial failure of the cotton crop in Mississippi last year, to
the low price fi r cotton the past two seasons, and to tne gen
era] depression in business that has in consequence prevailed
through ut the cotton territory. The decrease iu freight
Otlier lin e s .... 3d wk O cC0al> &raiQ> h a y a n d provisions. There
Total all lines 3d wk Oct however, iu lumber, fruit and veeret*
Grand Trunk.. . Wk Oct. 2^
Ch io.A Or. Tr Wk O ct.*!
WT O ft •
1892.
$
3 ,018.570
.
30,050
33.572
6 ,534
65,5 8 0
Assets—
Road and equipment.................
Materials, die...... .........................
Cash.
........................................
•Now rails suspense....................
Miscellaneous..............................
1693.
$
3.035,080
24.0 1 6
34.2 3 5
35,0 8 3
5 7 ,4 5 8
Total.........................................
L ia b ilities—
Common stock ............................
Bonds (see S u p p l e m e n t ) ______
interest accrued, not due____
supplies. taxes, e t c ................. .
Other railroads...... .................
Replacement of rolling stock
M iscellaneous...... ............... .
Net revenue account........... .
.3,154,306
3.1 8 5 .9 0 2
. 700 ,0 0 0
.2,217.822
30,118
45,701
22.6 1 4
,
31,505
46.6U8
59,938
7 0 0 ,0 0 0
2 ,288,357
30,9 7 0
30,348
22,6 0 9
27,8 3 2
40,6 4 7
38,9 3 8
T o ta l........................................
3 ,154,306
3.1 8 5 .9 0 2
Western New York & Pennsylvania Railroad.
( For the year ending June 30, 1893.^
The annual report of Mr. Samuel G. DeCoursey, the Presi
dent of this company, will be fouud at leD gth on another
page, giving many details in regard to the company's Oferatious and finances which could not well be condensed in a
brief abstract of the report in this column.
The comparative tables of statistics, compiled in the usual
form for the C
, are as follows :
h r o n ic l e
OPERATIONS AND FISCAL RESULTS.
1390-91.
1891-92.
1892-93.
639
639
669
Miles of road operated.....................
Operations—
Passengers carried..............................
1 ,5 2 2 ,8 6 7 1 ,6 -9 ,5 4 6
1 ,7 1 1 ,3 7 9
Passengers carried one m ile........ 31 ,4 0 6 ,5 7 1 3 3 ,5 1 8 ,4 5 8 3 5 ,4 7 5 ,4 8 0
Kate per passenger per m ile........ 2 394 cis.
2 315 cts.
2 1 7 7 cts.
Freight (ions; carried.......................
4 ,3 6 2 ,4 9 2 4 ,4 3 3 ,9 4 7
4 ,6 0 7 ,4 7 5
Freight (tous) carried one m ile ..4 4 5 ,9 8 1.766 4 4 3 ,3 3 2 ,2 »6 5 0 7 ,5 4 5 ,0 2 4
Rate per ton per m ile......................
0 6u0 cts.
0 fc02 cts.
0*551
Earnings—
$
$
$
Passengers............................................
752 ,9 7 9
775 .9 8 1
7 7 2 ,1 6 7
F reight....................................................
2,6 7 7 ,6 9 5 2 ,6 6 9 ,9 0 1
2 ,7 9 8 ,9 1 6
Mail, express, &c...............................
131,995
1 3 4 ,2 7 4
145,556
cts.
Total earnings............................
Expenses—
Maintenance of way, & g .....................
Maintenance of equipment...........
Conducting transportation...........
General...................................................
3 ,5 6 2 ,6 6 9 .
3,5 8 0 ,1 5 6
3 ,7 1 6 ,6 3 9
626 ,9 9 4
507,083
1,1 5 8 ,0 7 2
1 93,633
633,245
4 7 8 ,0 6 0
1 ,0 9 3 ,0 2 6
194,029
60 9 ,3 4 9
5 1 9 ,6 3 3
1 ,1 9 3 ,7 9 7
194,347
Total................................................
Net earnings.........................................
Per ct. of oper. expenses to earn.
2,4 8 5 .7 8 2
1,0 7 6 ,8 3 7
69*7
2 ,3 9 8 ,3 6 0
1,181,796
66*9
2 ,5 1 7 ,1 2 6
1.1 9 9 ,5 1 3
67-72
INCOME
ACCOUNT.
1890-91.
$
1,0 7 6 ,8 8 7
4,u74
1891-92.
$
1 ,1 81,796
Total........................................
Disbu rsem en ts—
Interest on first m ortgages...
Interest on real estate mores.
Iuiereaton equipment notes.
j a x e s.............................................
Miscellaneous............................
1 ,0 80,961
1 ,181,796
1,2 0 0 ,5 1 9
5 0 3 .5 0 0
21,586
20,8 3 6
86,851
503 ,5 0 0
17,022
4 ,087
86,773
2,358
503 ,1 3 3
15,1 6 4
3 1 ,6 9 9
102 ,8 4 8
2 6 ,4 0 0
Total............................ ............
Surplus......................................... .
632,773
448,188
65 2,740
5 29,056
6 7 9 ,2 4 9
* 5 2 1 ,2 7 0
Receipts—
Net earnings................................
Other income..............................
1 8 9 2 -93 .
1,1 9 9 ,5 1 3
1,006
* Of this amount $ 3 0 3 ,9 1 4 was disbursed on account of equipment
notes and betterments.
G E N E R A L B A L A N C E SH E ET JU N E 3 0 .
1 8 93.
A s s e ts —
$
#
Road and equipment.................................................... 62,7 9 4 .6 7 7 62,9S 1,222
Stocks aud bonds owned............................................. 10 ,9 3 7 ,0 0 9 1 0 ,9 3 7 ,2 4 0
Materials aud supplies...................
183 ,8 5 4
2 1 2 ,8 3 6
Due from agents and conductors............................
129,7^9
134,217
Due from individuals and companies...................
462 ,8 2 2
6 0 2 ,3 2 2
Cash on hand...................................................................
160 ,1 5 4
2 6 2 .7 3 0
Unaccrued interest included iu equip, n o te s ...
181,5o3
149 .8 5 4
Miscellaneous..................................................................
17,851
2 2 ,7 6 7
Total assets................... .......................... 74,867,709
7 5 ,3 0 3 ,1 8 8
November 4, 1893.]
THE
C H U G N IC E R
1893.
L ia b ilit ie s —
„ „ 1892; „ „
30.1100.000
BOOOS (»■ 6 SCPPLE-UBST)........................................... 31.lTS.00O 31.003.000
798.338
Egtjiinneoi note, OnefuiUoe Interest) ............. yft2,l»4
3,149.119
Sec mil uwtW age IIK-'TO «c r i| i........................... 1.97 ,S i3
390,907
Nou cumulative
“
“ ............................
3 M .9 9 J
241,891
Interest on 1st m o r u a ie bon d*.......... ..............
24S.-M6
3 1 1 .0 4 1
k :i <,79 »
■<
“
•*
** pay. in scrip .. 1,037,701
272,804
-7 s , - n
Beal estate murt***#*..................................
517,161
Was** a nil s ip p ll— ....................................
•ItU.'S-.i.l
87.000
Kinzna V-.Ukv KB. warrants................................toa.ooo
8,060,926
P roiii arid lusa ...........................................
s . 2 » » . '« o
203
^Uti-asUaseoun .........................................
11,400
7H3
is
is
can be obtained from the officials. The arrangement, as nowreported. will include the organization of a new comoany or
syndicate, with a capital consisting of ten-year notes suf
ficient m amount to purchase the Chesapeake Ohio & South
western stock from the Newp u-t News & Mississippi Valley
Company, which is owned by Mr. Huntington. The notes
issued, " it is said, will be guaranteed by the
Illinois Central Railroad, which will lie in practical
control of the acquired road during the term of the no w,
giving the Louisville & Nashville such traffic rights as it de
sires. At tne same time, it is said, Louisville & Nashville,
Total liabilities...................................................7i.S 67.709 75,303,189 enters into an agreement to puichase, or takes an option upon
the Chesapeake Ohio & Southwestern at a given pri ■<> at the
Mis-ottri Kansas & Texas Railway.
t u n e of the expiration of the ten-year notes. The official an
( F o r the y ea r en d in g J u n e 30,1303. J
nouncement of the terms may change some of these details.
The main line of theCh*<-apeake Ohio & Southwestern runs
In advance of the pamphlet report the following summary
from Louisville. Ky.. to Memphis, Teon., 382 miles, but of
has been issued f ar the year ending June 30, 1S93 :
this 48 miles, tne Cecilian branch, lias been leased from the
1893.
1892.
C h an ges.
*
*
*
L. & N.
<Jress earnings . . . . . . . ............10,339,191
9,750,563
Ine. 637,628
Mr. Huntington said in confirming the announcement of
OjwsraUogex, eases sad taxes 7.h10.734 7. “'1.507
Inc. 43u 167 the deal; “ fids purchase gives the Louisville & Nashville
everything in Kentucky east of the Tennessee River and west
Ire.
2 , j6‘M*9U
. . . . 2 577.456
la c . as.617 o f Levin ton, making a practical monopoly of extremely
. . . . 2,349.443
Interest and rental*.
Ine. 107,114 rich lands in a teirttorv where it is exceedingly expensive to
110,169
218.013
build railr-iads. I would not have sold this prooertv if it had
Ine. 51,259 not ith-D fur tuc fact that I am disp »sing of all my interests
Dr. 31,226
* * 7 v . 20.033
counts-,
rast of the Mississippi River, and, therefore, have no connec
Inc. 159,103
76,943
....
238.046
1,674
lue.
38 tions for the ro id."
1,712
A ver a x e urheaite.........
In this connection it may lie mentioned that Mr. Hunting$243
*5.121
1*M!»
*6,067
O n e e per m ile..............
90 ton has recently placed in the hands of a syndicate §12,008,000
Inc.
1,415
Set t ie r nit e..............
*5
75
7-iO
,
. ... 75 2 -1 0 ',
l>e«.
E x p e n s e * t o (s t r a in * * ..
Illinois Central 4 p-r cent binds, which he received from
that company as pint payment for the sale of his Louisville
American Cotton Oil Company.
New Orleans Sc Texas Railroad. The syndicate has thus fax
( F ur the y e a r en d in g A u g u st 81, 1*%',.)
“Old abroad ?U>
M) ol there bonds, and has given an option
The annual report of this company is prepared at greater Ujion an additional large amount.
length cod with more general information than mint of the
C hicago A N orthern P a d 11c.— There was a meeting o f Chi
other industrials. In fact the issuing of this rcp *rt i>ho<v»
what might be done by American Sugar, National Load. cago & N. P. bondholders at the office of the United Trust
American Tobacco, and nil the other*. Ibe report will he Co. this week. About $12,000,000 bonds were represented.
found at some length on subsequent page* of the C h k o m c l e , The attorneys of the receivers made a report on the condition
a n d as it Ins comparative statistic* of earning*, etc., it is un of the property. A committee was appointed to nominate a
standing c-mi to’tee of b mdholdeis for mutual protection, and
necessary to repeal the figures in this column.
to report within two weeks at a more general meeting of tho
; •' F u r o t h e r H a t l r u a d K e p o r t s «<■ p a g e 7 7 0 .
bondholder*. Re re«-nt»tiv« bondholders say that by prompt
action they can make this property valuable.
GENERAL INVESTMENT NEWS.
Chicago Peoria & Si. Louis,—The Central Trust Company
of New York tiled a bill Oct. 20 in the United States Circuit
Anrrletn I’otton Oil.—The stockholder* of the American < <urt, Illinois, to forn hi-e » mortgage for §1.300,000 against
Comm Oil 0--inpony he! i their fourth annual meeting at the
refinery at Guttentiurg this m » k and ehcteil the following the Chicago Peoria iSt St. Lour* Railroad Company, The
directors, all of New York except a* otherwise state I ; Ed- Court ordered the care c-insobda <--l with that of the Mercan
ward D. Adam*; John H. Maxoc. St L <uis ; John R Bart tile Tru»: Company ag tin-t the strue defendant, A reorgan
lett; Thoms* E. Cooney; W, A. C. Ew.*n; N. K. Fatrbauk ization plan will shortly be submitted to the various interests.
I'levetand (anion A Suathern.—Holders of the equip
Chi* a g o; M Frank. Atlanta; Jaui>« A. Gorlin I; Garret A.
Hobart, Paterson ; Charles Lxrner; Mayer I r i t t w ; Alfr .1 ment trust and improvement-1 per cent bonds are requested
B. Mason: George A. Morrison; E. Unjuoari, L ltle R e*k : R. to communicate with the receivers, Messrs. Ward well and
T. Wilson. The new directory elected mesa offi,;<-ra : Chair Swift, 2 Nassau street. New York.
man of the board of director'*. Ed waul D. Adams; Finance
Denver ConooUdated Tramway.—An item says that this
Committee. Edward D. Adams. G ••rge A. Morrison ; Mater company has executed a trust deed for §-l.<KXU 00 to the Mer
Lehman President, Titomo* E. Chaney Second Vice-Presi cantile Trust Company of New York, The loan is to run for
dent and S-cretary R inert F. Muaro ; Treasurer, Justus E lotty year* at 5 per cent. The money will be used to retire
Ralph, T h e annual report is given at length on other pages old bonds and extend the line. It is wholesome and refreshtrg to find that bonds from Denver are coming to New York.
of the Chro.M'.a e .
Baltimore A Ohio.—This company has made a loan of D-nv-r can make excellent us-e of tne New York gold, and
$3,i (10,000 in London, winch will place it in easy eircuu- New Yorkers will be glad to invest their money in that
staaces and enaule President Mayer to carry on his policy of flourishing city at 5 per cent if they fear no silver deprecia
tion.
extension and expaniion in tributary territory.
The Brtltuncare report a*y» tost the loan wav obtained by
Denver Sc Rio (Iratide.—The board of directors organized
placing in London bonds uf the sub-idtary lines which the in New York bv re-electing the old officers. The issue was
Baltimore & Ohio Company is building and supporting in authorized of &15,(MX! 4 per cent bonds and $23 300 5 per cent
Oi io, Western tVnnij tvania and at other points. One of tne bonds to build an extension of 10 *.t miles to the Rtibv anthracite
terms of tae deposit of the*e bond-s to the hands of the Eng e. «1 mines, situated near Ruby Mountains, about 320 miles from
lish syuii ute i- that the holder* shall have the option of pur Denver,
coal, produced is said to ha superior in quality,
chasing them if they *o desire before the maturity of tne and it is being smipp- d a* far east as Kaossa City and as far
notes m which the i .an na* been obtained.
west a* Son Francisco. Mr. George C-oppeil. Chairman of tho
ihtlumoro X Ohio S uithwestern.—The consolidation of board of directors, said that the July and August deficit* on
th e B. & 0 . Boathwestern and the Ohio & Mississippi riul- tfte Denver & lin> Grande would be shown '<■ have been more
roads was completed on Nov, I. The directors of tne new than made up in September and October, He also said that
an exc-i* over interest charges would be earns! in the current
con pun* consist <f the following gentlemen :
£. R. Bacon, New York : W . W, Peabody, Cincinnati; F. six months.
W. Tracy, Spring Held, 111.; Lowe Emerson, Fred. II Aims, East Tennessee Virginia & Georgia.— M e sra. F. D. TapBriggs
Cuniiingh-nt. btoemnau; Wtn. L. Bull, E. T. pen, Adrian Iselin, jr., Thomn Denny and W. Emlen Roose
Weils, Edward R. Bell, W . Merten*. John H. Davis, N«-w velt, representing and controlling a lurg - amount of East
York; Julius S. Walsh, St. L-*uis: James S. Wilson, Wil Gnnesiee Virginia & Georgia Railroad consolidated 5s of
mington, Del.: John V, Ueseitui'*. Paine* Buchanan. Lou 1956. have been appointed a committee to protect tho luteresin
don. The certificate of consolidation was tiled with the of the holders of chat issue of bonds. They have in new a
Secretary of State. Tne capitd is fixed at §30,000,000; ten •orecioeure of the moru-age unless the coupons are paid
mdlionhs common and twenty miilion preferred stock. In within the three months alio m i by the deed of trust. B-m laddition to this capital there will be authorized issues of $88,- tiolders who desire to join in this movement should send their
600,000 consolidated 4>i per cent mortgage bonds, guaranteed •ddressei and the amount of their holdings to the Gallatin
by the Baltimore & O nto Compiny, arid §18,730,01X1 5 per cent National Bank,
non-cumulative income bonds.
These bonds in the reorganization plan were left undis
The directors elected officers as follows; E. R. Bacon turbed and the default in the payment of the coupon due Nov.
President; W. W . Pen(sidy. First Vice President; Wm. Dun 1st was unexpected. The depressed condition m the South
can, Second Vice President; W, W , Peabody, Jr., Secretary; and consequent lack of earnings is given as tho cause for the
Edward Bruce, A.-tistaat Secretary; W. E. Jones, Treasurer. default. There are $12,770,000 of the bonds outstanding.
Edison Electric. Illuminating Go. nf New York.—A spee€h**apaste Ott« * Southwestern—Illinois Central —
LnntiVltle * Nadiviile.—Negotiations are in pi ogress io*ik • ial meeting of the stockholders i f thiaromjXsty will be n«M
ing to the j Jut control of the Chesapeake Ohio & Bouth west <on November 20, to take notion upon ihe quesiion of auihorern tadroau by the Louisville Sc Nashville and the Illinois I izing the issue of $1,750,000 of additional bonds, under the
Central, but the matter w not yet concluded so that details * provhions of the company's mottgage or deed of trust (and
764
THE
C H R O N IC L E .
supplement thereto), dated March 14, 1890, and upon such
other questions as may properly come before the meeting.
Missouri Kansas & Texas— Missouri Kansas & Kastern.—
This company has listed on the New York Stock Exchange
the first mortgage fives of the Missouri Kansas & Eastern.
The application to the Exchange gives the following :
The Mksouri Kansas & Eastern Railway constitutes the St.
Louis connection of the Missouri Kansas & Texas system. It
leaves the main line of the latter at Franklin at the north end
of the Boonville bridge of the M. K . & T ., over the Missouri
River, whence it extends for about 166 miles easterly towards
St. Louis, to a point north of the new bridge which the Chi
cago Burlington & Quincy Railroad Co. is building over the
Missouri River, for the most part along the north bank of the
Missouri River, through a highly productive but unoccupied
country. It enters St. Louis over the terminals of the Chi
cago Burlington & Quincy Railway, with which company the
Missouri Kansas & Texas and Missouri Kansas & Eastern
have contracts entitling them to the joint use of the bridge of
the C. B. & Q., its line to the city limits and terminals in St.
Louis.
The Missouri Kansas & Eastern Railway Company has been
leased to the Missouri Kansas & Texas Railway Co., which
owns a majority of the stock of the new corporation, and
guarantees unconditionally its bonds, both as to principal and
interest, the guarantee being inscribed on each bond. The
railway of the M. K . & E. has been constructed in the most
thorough manner, and compares favorably in physical struc
ture with any west of the Missouri River. The new line will
receive all the business which the entire system of the Mis
souri Kansas & Texas Railway, nearly 2.000 miles in lengih,
can contribute, in addition to a local traffic estimated at $2,500
per mile.
National Cordage.— The statement and inventory of the
receivers of the Naiional Cordage Company, made uo as of
the date of June 30, 1893. has been fil-d in Trenton, N. J.
The assets and liabilities are reported in detail. The classi
fied items are as follows :
A ssets.
Keal estate................... $3.206,950 |Chicago agency, bills
M achinery and to o ls .- 1.727,438 | receivable...................
$289,072
F ib r e s...........................
1 .4o4 .112 Pittsburg agency, bills
B one and binder twine 3,482,965 | receivable...................
17.946
M ill supplies................
2 ,778 I American hemp dep’t.
6,527
Cash on h a n d ...............
193,255 |A m ou utsd ueforbem p
Cash in agents’ hands.
14,788 I to a rrive.....................
132,258
Bills receivab le............ 1.049,0 "4 |Amounts due fo r m dse
347,894
A ccounts receivable..
1,662,274 '
Stocks and bonds......... 1,046,300 | Total assets.............. $12,601,560
L ia b ilitie s .
Notes payable..............
D ue bankers’ loans___
Due bankers’ ac’ pt’ces
Due for hem p sisal___
B rokerage..................
Freight..........................
Storage..........................
Bills, mills and ag’n’es
Other .unpaid b ills ....
Balances on cargoes..
Sundry item s.............
Standard Cordage Co.
B oston Cordage Co___
Chelsea Cordage C o ...
$556,637 Lawrence Cordage Co.
$24,871
5,286,070 N. B edford Cord’ geOo.
7,190
1,199,963 S ew all& D ayC ’d’geC o
158,080
312,002 William Deering C o ...
124,474
8,664 A m erican Cordage Co.
236,561
23,645 Chicago Cordage C o ...
226,205
44,861 M iddleton Tw ine C o..
258,559
16.122 Ohio Twine &C’ d’ge Co
234,662
9.6 5 L. Waterhury &Co___
700,500
30,094 William Wall’ s S o n s...
512,000
1,722 Elizabeth Cordage Co.
550,000
372,128 Tucker & Carter C o ...
311,000
349,6s9
95,283
Total liabilities
$11,650,617
There are, however, contingent liabilities of $1,039,826,
making the total liabilities $12,690,443. In the event of fail
ure of reorganization it is estimated by the counsel for the
Reorganizaiion Committee that there will be a loss of $1,046,300 in the item of stocks and bonds in the assets and of $347,804 in glow and doubtful accounts, thereby reducing the
assets to $11,207,366 against total liabilities of $12,690,443, as
above.
The valuation put on the mills by the receivers was as fol
lows.
Mills.
C h i c a g o , 111....................
V i c t o r i a , K y ...................
B o s t o n , M a s s . - . .........
S t a n d a r d , M a d S ......................................
£ l i z a b e t h p o r t ...............
L a u r e n c e , N . Y ...........
W a l l , N . Y .......................
W a t e r b u r v . N . Y . _ ________________
T u c k e r , N . Y ..................
A l l e n . N . Y ______ ______________
A m e r i c a n , O ................ .
X e n i a , O ...........................
W i a m i s b u r g , O ............
M i a m i s b u r g , O ............
M i d d l e t o n . O ..................
O h i o , O ..................................
Real Estate.
Machinery
and Tools.
$5,835
309,992
9,500
17,850
a fiQ is r i
2 9 0 .6 0 0
12,575
242,575
513,350
312,425
H a n o v e r , F a ..................
34,787
58,475
5,530
10,600
51,325
31,575
61,410
34,310
T o t a l s .........................
1,713,144
The property at the mills, in full, was as follows.
B eal estate........................................................................................ $1,206,950
Machinery and too ls....................................................................... 1,713 144
F ib res.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __ . . . . . . .
289 *401
B ope and b ln d crtw in e.................... ; ....................17s’ l4 4
■Supplies........................
20/778
Tota!............................................................................................. $3,406,417
Mr. Gulliver, counsel for the Reorganization Committee,
said that these figures should not be taken as a basis of any
opinion concerning the condition or value of the property
which will belong to the reorganized company. H e said:
“ This inventory shows only the assets of the National Cordage
Company which had come into the hands of the receivers on
June 30tb. It does not present a full exhibit of the affairs of
[VOL. LVII,
that company at this date, or of the associated companies,
which, ultimately, the reorganizaiion proposes to control.
“ For example, so far as the item of real estate is concerned,
the inventory shows only seven out of the twenty operated
mills of the company. The real estate item does not show
the four Union Mills, which are the Sewall & Day Mill and
the Suffolk Mill of Boston, the Donnell Mill of Bath, Me., and
the Galveston Mill of Galveston, Tex,, although the inventory
makes reference to the stocks of the companies owning these
mills, which stocks are held in whole or in part bv the receiv
ers. Nor does it show the eight Security Mills, which are the
Boston Cordage Company and the Standard Cordage Com
pany of Boston, the New Bedford Cordage CornDaay of New
Bedford, Mass., the Lawrence Rope Works of Brooklyn, the
Field Cordage Company of Xenia, O., the Ohio Cordage Com
pany of Xenia, O., the Middletown Twine Company of Mid
dletown, O., and W illiam Deering & Co. of Chicago, 111.
“ In addition there are certain other important properties
which have been acquired for the new company. The invent
ory fixes no valuation for good will, trade marks, patents,
labels, or the lease of the Security Mills. The real estate ap
praisement is made upon the theory that the property is to be
sold at a forced sale in parcels.” Concerning this appraise
ment the receivers say in their inventory:
8e far as the mills, plant and m achinery are concerned, there are
various bases o f appraisement.
From the point o f view o f a solvent oorporate owner they would be
appraised as an entirety, as the going, useful, profit earning property
of a going concern.
From the point o f view o f a creditor o f the com pany they m ay be ap
praised on one ot three bases:
First, upon the theory that a purohaser could be found willing and
able to purchase the whole property, at an adequate price, with a view
o f continuing to operate It in the cordage business.
Second, upon the theory that there is no purchaser, at an adequate
price, for the whole of the property, but that separate purchasers can
be found for the several mills, who will each buy those mills with a view
of continuing the cordage business theretofore carried ou at those
mills.
Third, upon the theory that the mills must be sold separately, at
forced sale, upon a given date, w ithout regard to the future use to be
made o f them.
The receivers are o f the opinion that uo purchaser for these p rop
erties can he found upou the first o f the above theories, unless such
purchase be m ade as a p a it o f the voluntary reorganization of the
company by the creditors and stockholders. They therefore do not
feel -aUed upon to express any opinion as to the probable value o f the
mills, plant and m achinery upon this theory.
The receivers are also o f the opinion that there are not a sufficient
number o f persons fam iliar with or desiring to engage in the cordage
business to ju stify them in expecting to effect a sale upon the second
of the above theories. They therefore do not regard it as a part o f
their duty to express an opinion as to the probable value of the mills,
plants and machinery upon this theory.
Therefore, in arriving at the appraisals shown in the follow in g in
ventory, the receivers have acted solely upon the third theory above
m entioned. Their appraisals are based solely upon what they have
reason to believe w ould he the actual cost of purcha-ing the ground
upon which the mills stand and of erecting aud equipping those m ills,
less a p roper deduction for depreciation. This appraisal is based upon
the assumption that approxim ately these prices oould be obtained
upou a forced sale o f these properties, in separate parcels, ou a given
date, and w ithout regard to the fa ct that they have together form ed
one entire m anufacturing property.
While the receivers are o f the opinion that the amount o f such an
appraisal w ould he very largely increased if based u 'on either the first
or seeond of the theories above m entioned, and while they are also o f
the opinion that the good w ill o f the business represented by these
com bined mills, if owned by a solvent, properly-m anaged corporation,
would be a very great one, yet as neither o f these increments of value
form s a part o f the appraisal which they understand it to he their duty
to make, they express no opinion as to the amount by which their ap
praisals w ould he increased if these things were taken into considera
tion.
“ The situation of affairs of the National Cordage Company
has materially changed in several respects since June 30. A n
actual inventory has been made as of September 30. A state
ment is being prepared upon the basis of this inventory which
will show the condition of the company as of September 30.
This will be ready for creditors and stockholders in a few
days. Another statement is also being prepared for them,
showing what has been accomplished during the process of
reorganization, and in what respects the status of the com
pany, the value of the property and the condition of its
affairs will be changed if the reorganization succeeds.”
The Reorganization Committee has annouuced that a
majority of the bondholders of the Security Company had
agreed to exchange their bonds for preferred stock in the new
company. Out of a total of $4,400,000, holders of $3,000,000
have assented to this plan.
New York & New England.— The directors’ meeting was
held in Boston on Tuesday, Oct. 31, and Mr. McLeod’s plan
for an independent line to New York was formally approved,
and authority was voted to carry it into execution. The
scheme involves the construction of a new road from Mill
Plain, near the New York State line, to New York City (Leg
gett’s Point, near Port Morris), and the making of a contract
with the Manhattan Elevated Railway Company for the
transportation of passengers below the Harlem River. The
Ryan & McDonald Construction Company, it is understood,
will furnish the capital and build the new road, turning it
over completed to the New York New England & Northern
Railroad Company. A s the latter corporation is controlled
by the New York & New England, which holds 51 per cent of
its stock, the line will be fully controlled by the latter.
The connection of the New York N. E. & Northern with the
Manhattan Elevated will be just above the New York New
Haven & Hartford freight terminals near Third Avenue and
One Hundred and Forty-ninth Street. The freight terminals
will be just eastward at Port Morris and Hunt’s Point. The
directors elected J. T. Odell, the late General-manager of
the Baltimore & Ohio road, Vice-President of the New York &
THE CHHON1CLK
NOVEMBER 4, 1893.]
New England, to suceeed F. H. Prince, who resigned several
months ago.
7do
been raised respecting the rightfuLness of the sto ;k soeetriatioos, leaving the latter to come up under Mr. Rice’s bill.
This was accepted by counsel, and the form of the decree was
to be settled on Friday.
The Reading receivers have arranged with the holders of
the c a r trust series D 5 per cent gold bonds. $310,000 of which
were due and payable November 1, for an indefinite exten
sion, giving them an additional 1 per cent per annum for so
doing. The original issue was for $3,100,000, and was male
in 1890. to continue for ten years. They are amply secured by
rolling stock of the company.
— fite statement of earnings for September ami for the ten
months of the fiscal year shows the following.
It does not appear that any definite contract has yet been
made with the Manhattan Elevated, but a party supposed to
have close information said that if the New England Road came
to the Second Avenue terminus on the Harlem Iiiver the
Manhattan would probably he glad to agree to any favorable
traffic arrangement. Tha New England Company proposes
ultimately to effect an arrangement with the Manhattan Rail
way by which the latter will be able to run through trains
from the Battery to Brewster’s Station, when the New Eng
land's extension is completed.
New York Central.—This company Ms com" into posses
•------ S e p te m b e r .— —, .----- D e c. 1 to S ept. 30.-----,
sion of the Carthage Watertown & Sadten’s Harbor Railroad,
1892.
1893.
1391-32.
1892-93.
running from Carthage to Saekett’s Harbor,
n .m m u ji Co m c a s t —
$
$
$
«
New York St New Jersey Bridge.—The bill -granting a Gross receipts .......... 2,101,923 1.919,396 18,71-1,872 18,753,541
G
r
o
s
s
e
x
p
e
u
s
i
s
..................
1
,
1
1
0
,
2
3
3
1
.
0
1
9
.
2
6
9
10,499,434
11,392,01-1
national charter for this company was passed in the House
and parsed with amendments ia the Senate, and the House
1,054.085
» ! earning*.......
927,327
8.235,438
7,360.930
not cot furring confer ■s were appointed. Mr. Joseph 11 Other
20.350
net receip ts...
35.787
436.708
499,826
Swan. Auditor of the New York Company, is reported by the
T o ta l.......................... 1,075.535
963,114
8.672,146
7,860,756
E venin g P ost as saying:
••O f court* the great problem 1* to rafoe the m oney, althoovti to u»
It has seemed a smaller problem than seearinc the
D e d u c t—
Equipment paym en ts,,
138,741
charter,;
T erm inal u-aek ace.................................
make to the appeal ot tola entorpriae. Thia la evidenced bv the fact
Im provem ents..................................
Proport’n y ear’s cb’ ges. 625,841
m o s m it
each is <mr eoiifi ser.e.- jo the ready response the financial world will
that we have already made with the Union Broadway Company a
$ 2 0 ,0 0 0 ,0 0 0 contract to build the bridge, condition*! upon obtaining
the Congressional charter. The bill once signed by the President the
contract becomes, operative.
" T h e first thing wo shall do after m iffing the charter 1* to make
contract# with the railroad com panies who are to OM the bridge. In
this w e anticipate no difficulty. The Delaware Lackawanna Sc West
ern, the S ew Y ork Lake Erie <fc Western, the S ew York Ontario St
Western and the Sew York * Northern are am ong the etruogeet sup
porter* o f the enterprise and a re signer* o f our petition to Congress.
They will undoubtedly enter Into con tra ct."
sen d to th e C h a irm a n
o r S e c re ta r y th e ir a d .l r - ...... w it h the
amounts of thur respective holdings. Edward D. Adams,
Chairman; A. Marcus. Secretary; Mills Building.
Mr. Henry Viliard has filed hi* answtr under oath to the
complaint in the so-called "Swope ease,” in the office of the
Clerk of the United States Circuit Court for this district.
The complaint charges that Mr. Viliard was a part owner of
the Chicago Terminal properties, which were acquired by the
Northern Pacific Railroad Company, and that by bringing
about the acquisition of these properties by the Northern Pa
cific Company ho secured profit for himself.
Mr, Viliard swears that in no part of such transactions was
he pecuniarily interested in the property so acquired, and
that bia sole interest in the whole transaction was merely
that of an officer and stockholder and security-holder in the
Northern Pacific Railroad Compiny, and that he acted in
this matter according to the best light that he could obtain.
Ohio .Southern.—The net earnings of the OMo Southern
Railroad for year ending June 30 were $100,438, against $308,673 the previous year. The surplus over charges was $173,*88, against $70,773.
Paducah Tennessee & Alabam a—Tennessee Midland.—
These railroads are in the batata of W, L. Huse, of St, Louis,
and John Overton, jr., of Memphis, as joint receivers. Bill*
have been filed ia the Federal courts at Paducah, Jackson
-and Memphis by the St. Louis Trust Company as trustee, and
the order appointing Messrs, Overton and Huse joint receiv
ers of the two properties was made by Circuit Judge Horace
Lurton at his Chamber*in Nashville.
Philadelphia St- Reading.—The receivers of the Reading
Company appeared before Master Crawford on November Son
a petition asking for the ratification of certain acts done by
them in connection with certain transactions involving tiie
Reading Coir,fwiiy and Messrs. Prince & Co. of Boston and
Ervin & Co. of Philadelphia. The trustee of the general and
income mortgages was represented and Mr. Isaac L. Rice was
present in person. The petition asks that the court ratify a
payment of $100,000 mada to Prince & Co., and another of
$132,000 to Ervin <& C o , both alleged to have been for the re
demption of certain collateral of the company in the hands of
the brokerage firms named. The ratification of these transac
tions, it was churned, was necessary in order to me the col
lateral for the Speyer loan.
Judge Pax*oB, one of the receivers, was called and testified
aa to the payments made.
He admitted that he knew very
little about the transactions and that he consented to payments
simply to save the collateral held by the brokers. He claimed
that, these fray rents did not in themselves justify the transac
tions and that they were not meant to ratify them. They were
purely emergency payments.
After further discussion the ’Master suggested a form of de
cree which would enable the receiver* to use the c o lla te r a l in
question in th 6p»y»r loan without further delay and with
out in v o lv in g the decision of any of the questions that had
1.565.653
6.258,408
1,194,256
300.000
72.826
6.500,000
945.377
T otal........................... 764,582
7.824,061 8,067,082
17.737
Surplus.............................. 310,953
848,085 det.206,376
Coal * Isott C o.’ —
Gross receipts................ 1.002,649 2.290.003 17.677,853 18,699,086
Operating expen ses___ 1.585.495 2.025.620 16.219.435 17.719,759
Set earnings..........
D e d u c t—
Colliery improvements.
New York Lake Erie st Western.—The receivers announced Perusan’ t Intprovetn’ ta
that the interest on the first hen 8 per cent bonds due Propon’ nyears chTges
November 1, amounting to $75,000, would not be paid; these
bonds have a lien preceding the second mortgage. Provision
has been made for the November interest due on the first ex
tension 7s, the collateral trust ft*, the Chicago & Erie 6s and
the New York Lake Erie & Western Coal & Railway guar*
anteed 6a and income 6s.
Northern Pari Ur.—The committee for the German and
American holders of the consolidated bonds have added Mr,
Charles Lanier to their number, the committee organized
with .Mr. Edward L). Adam* a* Chairman and Gen. Louis
Fitzgerald as Vice-Chairman. Bondholders are invited to
182.117
50,000
63,260
650,000
317,154
364,383
1.158.418
979,337
95.729
8,478
88,402
61,038
4,051
97.521
817.438
98,851
884,021
587.581
52,895
975,212
Total......................... 192,609
105.610
1.798,313
1,015.691
.................. * r .m ,5 4 5 *ur.«S.773 dof.339,995 def.036,364
P. ScR. a s o C. St 1. Oo —
M ean t" Of C. A 1.1‘n. ,»r. 134,345 sur. 88,7734ef.339.39S tlef.63S.364
Surplus o f Railroad Co
310.953
17.787
848,065 def.206,376
B a la n c e
Mai.
both coinpuuies,,*r.435,498 turtle,510 sur.908.100 d e t a i l , 740
* Adding t« the Coat Jc Iron Co dettolt for the refer 1892 aa above
Mated <r35v,-o.\i, the sum o f -8217.517. which was deducted from the
kvpcnse* of May, 1892, the dotlclt to September 30, 1892, would bo
*557,412
Philadelphia Reading A New England.—The Bondhold
ers’ Committe" of this company has neon in conference with
the receivers of the Philadelphia & Reading as to the future
statu* of the road and its relations to the Reading. No result
has been anuoauc 1, out it is presumed that either a continu
ance of the P, & R. alliance will Oo arranged, or else so ne
other alliance sought—the latter probably with Lehigh Valley
and New York & New England.
Richmond Terminal.—Judge Lacombe of the United
States Circuit Court has made an order authorizing Waiter G.
Oaktnan, as receiver, to sell at auction whatever assets of the
Richmond & West Point Terminal Riilroad & Warehouse
Company are now in his keeping. The greater part of the
assets were disposed of in June, but there still remain sum
stocks and bonds held against various railroads for advances
and some real estate in Richmon i and West Point, Va., and
Atlanta. Ga.
Nlonx City O’ Neill & Western.—At St. Paul, Nov. l, F. C.
Hills, of Sioux City, was appointed receiver of the Sioux City
O’Neill & Western RR, on the application of the Manhattan
Trust Company of New York, trustee of the mortgage.
Toledo Ann Arbor A North Michigan.—The Farmers’
Loan & Trust Company has tiled in the United States Cir
cuit Courts at Toledo, Detroit and Grand Rapids bills for the
foreclosure of four of the so-called divisional mortgages of
tie Toledo Atm Arbor <fc North Michigan Railway. There is
already pending at Toledo and Detroit a suit by the Central
Trust Company to foreclose another divisional mortgage rnide
by the original Toledo Ann Arbor & North Michigan
Company September 33, 1888, covering the line, from Ann
Arbor to St. Louis, Mich., for $3,100,000, and at Toledo, De
troit and Grand Rapids a suit by the Farmers’ Loan & Trust
Company to foreclose the general mortgage’made by the con
solidated company January IS, 1800, to secure bon is amount
ing to $10,000,000, of which but $1,340,000 have been issued.
There is still another divisional mortgage upon which suit has
et been brought. All these suits, including those of the
J Shipbuilding Company, will probably be consolidated,
bo that but one suit will be pending ia each of the three
courts.
Union Pacific.—The statement that the November coupon
on the Denver Extension and Kansan Pacific consolidated
mortgage bond* would be paid was premature. The receivers
can make no interest payments without first applying to the
Court for permission to do so. as they were ordered by the
Court to hold all moneys coming into their hands, except
such as may be required for current operations, subject to the
further order of the Court. They will immediately ask for au
thority to pay interest on the following bonds: Monthly in
stalments on the three-year notes under which Drexel, Mor
gan & Co. are the trustees; Kansas Pacific consolidated (is,
Kansas Pacific Denver extension ft*, Atchison & Pike’s Peak
03 and Central Branch 7a. The November coupon on the St.
Joseph and Grand Island firsts was paid as usual.
S
THE
766
I ^ e jjo v is
a n d
C H K 0N 1C LE .
H o c u m e m * .
T E E A M ER IC A N CO TTO N OIL COM PANY.
ANNUAL
REPORT FOR THE Y E A R
AU G U ST 31, 1893.
ENDING
T h e A m e r ic a n C otton O i l C o m p a n y , 1
E x e c u t iv e O f f ic e s , N o. 29 B k o a d w a v , [•
N e w Y o r k , November 2, 1893.
)
To the Stockholders o f the Am erican Cotton Oil Co.:
The presem report presents m convenient fo 'm for com
parison the details of the financial position and business oper
ations of this organization during the past three years.
An api endix is added of historical and descriptive ch r
acter, for ihe purpose of familiarizing the stockholders with
the nature and scope of tne business in which they are in
terested.
c a p it a l iz a t io n
.
The liabilities of the Company on Capital Account have
been reduced during the pa-t year by the sum of §224,000, par
value of Denenture Bonds redeemed.
The Capitalization of the Company now outstanding con
sists of:
[V ol . LVII.
Numerous other buildings have been constructed, as will
appear in the detailed list of the manufacturing plants.
The new construction o f the past year , charged to
Permanent Investment Account,am ounts to ....... §953,827 73
The active properties have been maintained and
improved during the same period by the expen
diture o f ..................................... .....................................
527,581 78
all o f which has been charged to the expenses o f their operation,
and has been deducted fro m the gross earnings before stating
the net resulting profits o f the operation o f the year.
The policy adopted in distributing expenditures between
construction and expenses is to charge to
Property or Permanent Investment Account
whatever disbursements produce an increase of capacity
or output, and to
Expenses of Operation
whatever increases facility and economy of operating or
improves the quality of the products, as well as the cost
ol maintaining the active properties in first-class working
condi'ion.
An exception to this rule is made iu the Insurance Depart
ment, where the intro iuc ion of sprinkler systems redu dug
the rate of insurance seems to ju-tify the onarge of such
expenses to the Cost of the Plant so improved.
Rolling Stock.
C o m m o n S t o c k ................................................................................................
$ 2 0 ,2 3 7 ,1 0 0
P r e f e r r e d S t o c k ......... ................. .............................................................. ............. l o , 1 9 8 , 0 : 0
D e b e n t u r e B o n d s ...................................................................
T o t a l C a p i t a l i z a t i o n .................................................................................... $ 3 i , 0 0 1 , 7 o o
S H A R E C A P IT A L .
The increase in the number of shareholders during the past,
year, from 1,320 to 1,760, prompts a repeiition of the statement
heretofore made in regard to the Capital Stocks of the Com
pany.
The entire authorized amount of C om m on S t o c k has been
issued and ie now outstanding.
P r e f e r r e d S t o c k h a s b e e n a u th o r iz e d to th e e x t e n t o f . . .$ 1 4 ,5 6 2 ,3 0 0
O f t h i s a m o u n t , h o w e v e r ................................................ .................................
4 ,3 6 3 ,7 0 0
h a s b e e n r e s e r v e d fr o m s a le u n d e r th e r e s t r ic t iv e c o u d iti n s o f th e A g r e e m e n t o f S e p te m b e r 9 , I s o u , w it h
t h e B a n t e r s r e p r e s e n t i n g t h e B o n d h o l d e r s , t h u s l e a v i n g ---------------------t h e P r e f e r r e d S t o c k n o w o u t s t a n d i n g .............................................$ 1 0 , 1 9 S , 6 n 0
The Reserved Preferred Stock can be sold or disp sed of
only by the action of at least twelve-fifteenths of the entire
Board of Directors, upon ten days’ notice of a meeting called
for this purpose, as provi 'ed in said agreement, wnich is on
file at the New York Stock Exchange.
The share Capital of the Company cannot be increa-ed
above the amounts now authorized to be issued, as above
stated, without the written consent of the holders of twothirds in amount of the outstanding stock.
B O N D R E D E M P T IO N
AND
S IN K IN G F U N D .
346 Od lank Cars,
23 Box Cars,
3 .5 6 6 .0 0
} Barrel Car.
By comparison with the list of properties of last year it
will be fouud that the following changes have taken place.
New P roperty Constructed or Acquired.
Crushing Mills at:
Demopolis, A la .,
Denison, l ex.,
Mobile. A la.,
Port Gibson, Miss.,
Vidalia, La.
Cotton Ginueiies at:
Montgomery, Ala.,
New Berne, N. C., 59-120tlis.
123 Seed Houses, with storage
capacity of 11,070 tons.
Dorm ant Properties.
Gretna Mill, Gretna. La., now dormant.
Properties Sold.
24-120lhsof Gayoso, Memphis,
Tenn.
Planters, Algiers, La.
Van Buren Ginnery,
Buren, Ark.
Van
V A L U A T IO N O F P R O P E R T IE S .
D u r in g th e p a s t y e a r t h e r e b a s b e e n e x p e n d e d in n e w
0 i n s t r u c t i o n r ,b a t e n l a r g e d t h e m a n u f a c t u r i n g c a p a c i t y
t h e s u m o f ....... ...................................................................................................... $ 9 5 3 , 8 2 7 7 3 F r o m th is ■
< a b een d ed u cted t i e a m o u n t
r e a l z e f r o m s a l - s o f R e a l E s t a t e , B u ild in g s ,
M a c h i n e r y , e t c . , f r o m t h e p r o i e r t i e s .............. $ 1 1 0 , 5 1 0 2 1
D e p r e c ia t io n o f p r o p e i t v b y B u ild n g s t o r n
d o w n a m i d e s t r o y e d o y -t-m m s . a id b y M a c b in e iw , e t c ., s o ld f o r le s s t b a n p r e v io u s
v a l u a t i o n ....................... ............................................................
2 3 ,1 8 2 3 0
In the pi n tor rtaemption of the Gold Debenture Bonds of
tiiis Company, as set loith in the last annual report, and
unanimously approved by the stockholders at their last an
T o t a l C r e d i t s t o P r o p e r t y A c c o u n t s ....................................... ..
1 3 3 ,6 1 2 5 1
nual meeting, this C <rnparty reserved its right -‘ to purchase
iis obligations at less than 110 per cent by public or private N e t C a s h V a l u e o f a d d i t i o n s t o p r o p e r t y d i r i n g t h e p a s t
y e a r .......................................................................................... 1...................................$ S 2 0 , 1 3 5 2 2
negotlaiiou, whenever from time to time it can thereby se
e R e a l E s t a t e , B u l d i u g s . M a e h i n e r .1 a n d o t h e r p r o o e r t y .
cure its annual instalment of bonds for the Sinking Fund T hexclusive
of the qui I: assets, b a d a n a c t u a l v a i n * ( a s a s
upon more favorable terms than by drawings by lot.”
c e r ta in e d b y t w o s e p r a r e a p p r a is a ls o t th e e n t ir e p r o p
e r t y ) a t t h e c o m m e n c e m e n t o f t h e p a s t fis c a l y e a r o f . . 9 ,5 6 7 ,5 3 1 0 3
§224.000 Par Value of these B rads were purcnased, can
celed and discharged of record June 1st, 1893, thus reducing
T o t a l A p p r a i s e d V a l u e o f B e a l P r o p e r l y , exclusive of
the Bonds outstanding and uncalled to §3,566,000.
quicl: assets, A u g u s t 3 1 , 1 8 9 3 ......................................... .............. * 1 0 , 3 8 7 , 6 6 6 2 5
These canceled bonds were purchased during the month of
The annexed Comparative Statements for the past three
May, 1893, at an average price of 109 154 and accrued interest, years are based upon the above value of the manufacturing
thus effecting a saving to the Company of a disc rant below properties and the actual cash value of tne liquid assets, in
the pi ice (110) at which they could be called, in addition to cluding products io process of realization
inttrt-st from the day of purchase until August 1st, 1893.
The statements of indebtedness include all liabilities of this
The requirements of the Sinking Fund for 1893 were thus Company as endorser upon bills receivable dt-coumed for its
fully provided for according to the adop ed
account during the period of largest seed purchases.
Plan o f Sinking Fund .
Attention is called to the basis upon which these statements
F o r 4 ,0 0 0 B o n d i^ o f $ 1 ,0 0 0 e a c h , a m o u n t in g t o $ 4 ,0 0 0 ,0 0 0 , P r in c i
are made up.
p a l D i e N o v e m b e r 1 st , 1 9 0 0 , R e d e e m a b l e P r io r to M a t d k .t y
On the side of
a t $ 1 ,1 0 0 a n d A c c r u e d I n t e r e s t t e r $ 1 ,c 0 0 B o n d b y D r i v i n g s
Credits, all the liabilities of the Organization for Capital Stock,
b y L o t . S d b j s c t t o t h e R e s e r v e d R ig h t o f P u r c h a s e a t P c b l ic o r
P r i v a t e Ba l e W h e n e v e r O b t a i n a b l e U p o n M o r e F a v o r a b l e
Deoeuture Bonds, Merchandise, Borrowed M iney,
T erm s.
etc., constitutes the capital to be accounted to r ;
Available for
Ou the s i d e of
Annual Required for In- Redemption of
Approteresl on milBonds at
Par Value Debits, the Quick Assets, add'd to the appraised value of the
Fiscal Year— prialion. standing Bonds. $ 1 , 1 0 0 each. of Bonds.
Real Property, constitute what may be termed the
1 8 9 3 - 1 8 9 4 ...................$ 5 4 V 2 8 0
$ 2 8 5 ,2 8 0
$ 2 6 4 ,0 0 0 $ 2 1 0 ,0 0 0
tangible property. The amount o; tnisdeducted from
1 8 9 4 - 1 8 9 5 ................ 5 4 9 , 8 8 0
2 6 8 ,0 8 0
2 8 3 ,8 0 0
2b , o 0
the Capital leaves a balance which represents the
1 8 9 5 - 1 8 9 6 ................ 5 5 " , 1 4 0
2 4 5 ,4 4 0
3 0 4 .7 0 0
277 000
value ot the Good W ill Account.
1 8 8 6 - 1 8 9 7 .................. 5 4 9 , 9 8 0
2 2 4 ,2 8 0
3 2 6 , 7 0 0 .T E E 2 9 : , OOO
1 8 9 7 - 1 8 9 8 ----------- 5 4 9 , 4 2 0
1 8 9 8 1 8 9 9 _______ 6 5 0 , 2 8 0
1 8 9 9 - 1 E 0 0 .................. 5 5 0 . 4 2 0
1 9 9 .5 2 0
1 7 4 ,0 8 0
1 4 6 ,7 2 0
3 4 9 ,8 0 0
3 7 6 ,2 0 0
4 0 3 ,7 0 0
3 1 8 ,0 0 0
3 1 2 ,0 0
3 6 7 ,0 0 0
P a r v a l u e o f B o t j ^ s r e d e e m a b l e a s a b o v e ............................................. $ 2 , 0 9 s , 0 o 0
R e d ' e m e d a n d c a n c e l e d , 1 8 9 1 - 1 8 9 3 .........................................................
4 3 4 ,0 0 0
L t a v i o g t o r p a y m e n t a t p a r a t m a t u r it y , N o v e m b e r 1 ,1 9 0 0 1 ,4 o
0 0
Of
the to tal origina 1 issue of.
............ ....................................... $ 4, 000,006
M A N U F A C T U R IN G
P R O P E R T IE S .
Five new Crushing Mills have been completed during the
past year, and will be in operation this season:
2 in Alabama,
1 in Texas,
1 in Mississippi,
1 in Louisiana.
In each case the fee of the real estate has ueen acquired,
a n f first-class buildings and machinery have be-n built of
large capacity, and incorporating the latest improvements
tha facilitate and cheapen operation.
Important additions and imnrovemeufs have been made to
the manufacturing property of The N. K . Fairbank Company
in Chicago, whereby its capacity has been nearly doubled.
T h ese
a ccou n ts,
sta tem en ts
exp ressed
sh ow
in
th e
th t ir
fo llo w in g
r e la tiv e
r e la -i ras
p ercen ta g es
o f
th ese
at
th e
v a r io u s p e r io d s :
1891
C a s h v a l u a t i o n o f p r o p e r t y ................................. 4 5 2 ? 6
G o o d w i l l a c c o u n t ........................................... ---------- 5 4 - 8 %
T ota l
C a p it a l
A c c o u n t ......... ............ 1 0 0 %
1892.
48%
52%
1893.
100%
100%
6«%
50%
Whereas, in 1891 the Good W ill Account exceed-d the Prop
erty A-count by §3.331,041, these accounts are now practi
cally equalized by the investment of net earnings in produc
tive property.
B y t lie a n n e x e d s t a t e m e n t i t w il l h e s e e n t h a t t h e
C a sh V a lu e o f a ll ih e p r o . e r t y o f t h e o r g a n iz a t io n
a m o u n t s t o ..........- ................... ...............................
............— . . . . . $ 1 7 , 4 8 5 , 3 1 1 4 3
A ft ^ r d e d u c t in g fr o m th is s u m th e D e b e n tu r e B o - d s
a n d a ll o t h e r fo r m s o f in d e b t e d n e s s , a m o u n t in g t o . .
4 ,7 1 4 ,2 8 9 31
t h e r e r e m a i n s .............................................................................................. * 1 2 , 7 7 1 . 0 2 2 1 2
o f a c t u a l p r o p e r t y a s s e c u r i t y f o r t h e .................................... $ 1 0 , 1 9 8 , 6 0 0 0 0
o f P r e fe r r e d S to c k , e q u a l t o 1 2 5 % o f its p a r v a lu e .
THE CHRONICLE.
N ovember 4, 1893. J
767
The steamer “ AGO” is now under construction at the Inch
The surplus over the par value of the Preferred Stock rep
resents the actual present values pertaining to the Common1 Works, Port Glasgow, Stotland, and is expected to be ready
Stock, to which also will belong all increment of property, as for her first voyage to New Orleans some time in Februarywell as all surplus net earnings over toe six per cent Preferred next. Proposals for her constmcnon were received from the
Stock dividends, sviieth r su- h surplus is held as aldiiional leading English and American builders. The difference in
working capital, is invested in productive property, or is prices based upon the same plans and specifications was so
great as to necessitate the award of the contract to English
available for distribution as dividends.
The Common stock also represents the Good Will. Fran parties, notwitbsran ling the advantages aud prejudices in
chises, Contracts. L ase-. Patents, Processes, Brands and favor of American construction.
The “ AGO’ is a spar deck, steel, screw, tank-steamer of 8?
kindred assets of the business.
As the appraisals of the real property were severely minute feet 4 inches mean draft, when fully laden, and designed to
and exact, as described in previous report*, this analysis of carrv a varying cargo of 4 200 to is of oil or cake and meal in
the Company's present worth may be considered a severe test compartments. The engines are of the triple compound,
of its resources a* d capitalization; and the shareholders have, direct acting, surface condensing type, of not less than 2,300
moreover, the satisfaction of knowing that their property ia indioa e-1 h >ree power, and are located aft The specifications
really increase.« in value and productiveness, while the in require the highest classification at Lloyd’s, the Bureau Veri
tas and bv the Holland Surveyors. The pumping facilities will
debtedness is being gradually reduced,
permit the receipt or discharge of the entire cargo of oil in
FOREIGN’ BUSINESS AND TANK STEAMER.
less than forty-eight hours. The appliances for safefcv, con
The exp- rts o f .«!, cak •and other pr-elucw to Europe have venience and racuity of operation are of the latest and most
been such for several years as to require the eervtc-a of a approved d-signs.
resident representative abroad to care for the intere-t-* of this
I’he “ AGO” will ba sailed under the Netherlands flag and a
organi7,viion in its varied business relations with its customers Rotterdam master. It is prop red to organize the Hollandin the Unite! Kmgd >tn, dcaodioivii, Netherlands. Germany, American Cotton Oil Company under the laws of the Nether
France. Iialy, at d other countries. The increase of this trade lands. The dock property in Rotterdam and the steamship
prompted a careful study of the best methods for its furrh -r “ AGO" comph-te will be transferred at cost to the Holland
development. New Orleans was selected as the principal port Company, the share capital of which, amounting to 1.250.000
of shipment, because it is nearer than alt others to our 1irgest florins, will i>,» suwribed and paid for at mr bv this company.
manufactories of the choice quality of products required in Atiour $100,000(230,000 florins) nave already been paid on this
the foreign trade. Bo terdarn was chosen aa the headquarters account.
in Europe, b*cause of its f iv.<ra tie location a* a center of dis
tribution. Having thus determined upon the ports of proINSURANCE.
duciion and consnnrtpti-n to be brought into close connection,
This department has received much attention. Recognizing
it was but natural in investigating the transport ition question th*- fact that the rates of insurance are baaed upon the risks,
to profit by the exjy rienee of others ami adopt the tu* k- as vaiu**d from an insurance standpoint, all posst tie means
steamcr methods of shipments in bulk, now so extensively have been adopted in anticipation of suggestions from the In
used.
surance C *inpanics to minimize there risk s, not nnlv to putAs refined cot too-seed oil Improves by storage in iron tanks, cnase the insurance as cheaply as possible, but to avoid in our
and w not inflammable, the tank steam”-r method of shipment own interest the indirect.' losses result! ig to business
presented no otjj* et<om as to quality or lire risks. Thi from a tire, even if the property des royed was fully cov
economics in bandin g, cooperage and freight, added to the ered. Fire walls have been buib, risks divided, buildings
advantages for trade by getting netrer the consumer wish removed, storags* change 1, automatic sprinklers introduced,
greater facilities for storage a**d delivery, were influences and all th<* latest and m o st approved devices adopted. In the
that guided the decision to build, own and operate the tlrst n*-w factories the highest stand -id of mill construction
tank-rteane r carry ing cotton-seed oil in bulk.
adapted to this business has been adopted.
Rottei<l.im w th- principal market iu Europe for artificial
An expert lire inspector, who i« also a practical mechanical
butter and food oil-,
engineer. Ira -elscontinuous!v, visiting all the properties, in
In the year 1*93 it imported 8,358,878 gallons of cotton seed structing tin* managers and their subordinates in the care and
oil, of which 8.973.701} gallons were from this country.
u-<- of ilnor lire apparatus-m l electric lights, organizing fire
By the cheap freight facitiu>-» on the Rhine, Germany and corps under experienced chiefs, supervising their drill aud
other "on-iiminv countries of interior Europe are favorably enforcing their reguiu (ions, inspecting the boilers arid intro
reaches! thr -ugh the port of Rotterdam. This port is of ducing protective rules to guard against accidents to the em
growing importance, its tonnage imports are more than 40 ployees, thus continually improving our tire risks and permit
per cent of the entire Nether!inds. Its harbor improvements ting the writing of this’ insurance in the strongest and most
are upon a generous s ale. V s depth of water, length of docks, on- s -rvative companies, and at the lowest rates for a similar
warehouses *nd facilities for dltect trarss-shipmsnt by canal, business.
river and rad, make it a hospitable haven for foreign trade.
Greater familiarity with the nature of cotton-seed .oil has
Its citizens cultivate commercial relati ms with foreigners.
nearly removed the unjust prejudice of underwriters against
The laws of the kingdom are liberal and protective for for oil risks p ? r s as food oils, such as th** pro luot of this Com
eign business enterprises, thus indu-mg capital and shipping pany, are found to be not properly classed among inflamma
interests to eat-bhsh relations with ha p* oute.
ble oiL. In the expenditure of $1419,087 89 during the
It was therefore decided to estsbdsh Euroneau offices at past three years for the repairs of buildings aud machinery,
Rotterdam. A plot of land comprising 64,888 square feet, the Insurance Department is responsible for its portion.
situated on the left built of the river Maas, at the Rynhaven, The fire, marine, casualty and bolter insuran *e ctrried during
with about 433 feet of river front, has been purchased from the past year amounted to $25,135,823, while tue total losses
the city, which is constructing thereon two piers, each 85 were as folio vs:
feet long and 80 and 20 feet wide respectively, and all at the
Fire.............. ......................................
* gooo
expense of the city, excepting one-third of the cost of t ie
Marine .......... ....................... ........ 33*1$’’ 40
wider pier, w ich is to be paid for by this Company. The
CfMtually....................... ............. .
0,120 78
State railway line bounds one side of the property. A
B o ile r ............ ............................................
none.
spur track will tie laid through the property, A series
Total.........................................
T~_7.7Z7$39,308
18
of tanks are now being erected for the storage, of oil. There
are nbo under construction a warehouse for the storage and all of which has been promptly paid. Daring the year there
bandliog of cake and meal, a cooperage shop, and (be neces were 180 casualty losses. But one of these accidents resulted
sary engine and pump buildings. The city has agreed to family, and this was caused entirely by the carelessness of the
maintain the present depth of water in front of thi - property, injured. It is stated by authority that there are less accidents
thereby penan ing the tank steam --r to lie al >ngsids of the in ur organization than in any other manufacturing concern
piers for revviol and delivery of her cargo. Tank cars of its siz - in America.
and tank lighters will be us -d for the delivery of oil to cus
Tne Fid-Iity Insurance has been continued. One hundred
tomers, who have already, ia anticipation qf the inaugura and forty-five officials, entrusted with tne receipt and disburse
tion of this system, prenared their storage tanka for the ment of cash, are now under bonds issued by Guarantee cor- \jf
reception of the oil in bulk.
poratious.
COM PARATIVE STATEMENT OF ANNUAL PROFITS.
For the f t s e a l g e a r s e n d i n g A u g n et 31,
The p r o fit * o f thr m a n u f a c t u r i n g a n d eammerete/J b u rtn e* # o f thia C o m p a n y a n ti of th e c o r p o r a '
h e n s m w h ich U £# in t e r e s te d . f a r th e y e a r * m d m g A o g m t 3 1 , a f t e r c h a r g in g o f f a ll e x p e n s e *
o f m a n u f a c t u r i n g a n d o p e m t u m , th e r e p a ir * a n d a lte r a tio n * n teem a ry . to m a i n t a i n th e a ctiv e
p r o p e r t ie s in t o e h ig h e s t state o f t ffk .ic n e y , a n d th e h a d o r d m h t f i d tr a d e a c c o u n ts , a m o u n t to .
Ftrom th ese r e s u ltin g p r o f i t s th e r e h a s
been d e fin e le ft far. .......
1893,
1892
1893.
1892,
1801.
$
$
$
1 ,8 0 0 ,0 1 0 3 9 2 ,5 2 7 ,0 9 8 5 7 1 ,9 0 2 ,1 8 1 5 5
1891.
If!
Administration anil A genet . .............................. .................... 220,092 83:225,9* 0 33 174,918 48
inters-t on Drhnntnr*; Bonds at 8% per annum f o r twelve
months to A iu rj.t 3 1 ................................................................................... 301,706 67 31»,600 00 286,(1 fid 66
Ottwr Interest- ............. .............
...................................... 84,72858 70, i*4 § 2 137,602 33
K om i fo r
riaftoo o f Oil T a n k c.'swa. . . . . . . . . . . . 25.000 0 37,5<X> 00
Premium on f>-inn in re Bond* r*fU * rami. . . . ........... ..................... 20.504 48. 21.000 00
f»f->a v i4 > tr
n r -t
p r i t fit
m
fo r th e
ru-M-p-rut 1 v c
f l w n l ym m rn f i i d l t t e
f t i l g i i i i i a: I O f
...
6 5 2 , 9 3 2 .50
6 7 3 ,7 2 5
t , 1 4 7 .1 0 7 83 1 ,8 3 3 ,9 7 3
15
5 7 9 ,1 ,8 7
17
12 1 ,3 2 2 ,9 9 4 0 8
THE
76^
B A LAN CE OF GENERAL PR O FIT AND LOSS ACCOUNT OF A LL
THE PROPERTIES.
TO AUGUST 31, 1893.
Balance o f General Profit and Loss account
August 31, 1892, as per Third Annual
$5,418,590 79
R ep ort............................................................
N e t P r o fit s f o r t h e y e a r e n d in g ;
A u g u s t 3 1 , 1 8 9 3 ...............................................
1 ,1 4 7 ,1 0 7 8 3
Deduct—
Depreciation
on
property
sold
or
destroyed, hetng differences In value
betw een figures as shown in the R e
valuation Statement o f August 31,1892,
and the am ounts subsequently realized $23,182
D ividends on Preferred S tock :
No. 2, Paid D ecem ber 1,1 892 ,3 p e rce n t 305,958
N o. S, Paid June 1 ,1 893 , 3 per cent....... 305,958
Dividends paid by Organizations to m i
nority holders.................... .....................
4,258
Balance o f General Profit and Loss ac
count to August 3 1 ,1 8 9 3 ..........................
$6,565,698 62
30
00
00
13
639,356 43
$ 5 ,9 2 6 ,3 4 2 1 9
M ANUFACTURING PROFITS OF ALL TH E PROPERTIES.
EXCLUSIVE OF INTEREST CHARGES AND GENERAL OFFICE EXPENSES.
Periods.
Organization to May 31 ,1 8 8 6 ..-..............................................
T w elve m onths to May 3 1 ,1 8 8 7 ..............................................
T w elvem onths to May 31, 18 88............................................
Fifteenm onths to Aug. 3 1 ,1 8 8 9 ............................................
T w elve months to Aug. 3 1, 1890...........................................
T w elve m onths to Aug. 31, 1891............................................
T w elvem on th s to Aug. 31, 1892............................................
T w elve m onths to Aug. 3 1 ,1 8 9 3 ..........................................
Lvol. Lvir.
C H K 0N 1C LE .
Profits.
$394,007 77
2,448.225 78
2,459,152 48
1,835,795 17
129,979 77
1,902,181 55
2,527,698 57
1,800,040 39
Prices for oil, our principal product, declined about forty
per cent during the four months’ period, and were at about
their lowest quotations August 31, when the account of stock
was taken for the annual statements. These depressed quo
tations were adopted in making up the accounts for the year,
pursuant to the established practice o f taking stock at cost
when it is below the market p rice and at the market p rice
when the cost is above such quotations. This reduction bore
particularly heavy upon the refineries, as the crushing mills
were idle during the summer, awaiting the advent of the new
crop of seed. A s the panic prices have since partially re
covered their extreme depression, the realization upon the
products has been better than the valuations upon which the
accounts are based.
This record illustrates the important difference between
transportation and industrial enterprises.
The former consumes its supplies in its operations ; the lat
ter manipulates them for sale.
*
*
*
*
*
*
The enlightened popular demand of the times is for health
foods and for protection against impurities and contagion.
This organization supplies a portion of these demands by its
vegetable food-oils and its products.
Its business during the past year has particularly developed
in connection with the advertising of “ Cottolene ” and “ Gold
D u s t”
Cottolene is a vegetable cooking fat prepared exclusively
from cotton-seed oil and beef suet.
Gold Dust W ashing Powder is a pulverized soap produced
in refining cotton-seed oil.
These articles have proven their merits by repeated use, by
ANNUAL REPAIRS OF BUILDINGS AND M ACHINER Y AND COST OF IMPROVED
attempted imitation, and by medical and hygienic testimony.
APPLIANCES CHARGED EACH Y E A R AS A PART OF THE EXPENSES
OF MANUFACTURING FO R THE SAME PERIOD.
They are both highly commended to the public in adver
Periods
Amount. tisements. They are particularly commended to the stock
Twelve months to May 31, 1R87.............................................$101,669 75
holders, who should each know by personal experience the
Twelve months to May 31, 1888....................................... ...... 350,931 71
Fifteenm onths to Aug. 31, 1889............................................... 488,964 71 worth of the products in the sale of which they are so much
Tw elve months to Aug. 31, 1890............................................... 339,89 96 interested.
T w elvem on th s to Aug. 31, 1891............................................... 379,521 33
As the currency crisis brought particular distress among the
T w elvem on th s to Aug. 31, 18 92............................................... 512,584 83
T w elve months to Aug. 31, 1893............................................... 527,581 73 banks of the country, the interest of this organization in its
VOLUME OF BUSINESS AND T R AD E LOSSES FROM BAD DEBTS. eighty-three deposit accounts, scattered in eighteen widely
Losses Per Cent of separate States, required much attention during the period
*Amount of Trade
of failures.
The
losses sustaiued
in this connection
Loss on
Periods.
from
BusinessDone. Bad
Debts. Business Done. are thought to be less than $7,000. A list of the bauks in
$33,944
Organization to May 3 1 ,’ 87..
(I)
e>
this country with which deposit accounts are n >w kept by
34,676
Tw elve mos. to M ay 31, ’88.({)
«>
8(,9 9 1
Fifteenmos. to Aug. 31, ’ 89. ..$24,486,140
33d1000 o f 1 % the various departments of the organization will be found in
T w elve m os. to Aug. 31, ’90 . 23,750.000
38.995
let ooo o f 1 % the Appendix.
69,795
T w elve mos. to Aug. 31, ’ 91 -. 20,126,500
3"^1000 o f 1 % An increased harmony and helpful co-operation between the
Tw elve mos. to Aug. 31, ’ 92.. 20,263,500
53,532
2641000 o f l %
t58,900
Tw elve mos. to Aug. 31, ’ 93.. 23,247,600
25 ’ lOOO o f 1 % different departments of the organization has been a note
* These figures show the actual cash sales to the public, and do not worthy feature of the past year.
It is creditable to the loyalty and earnestness of the managers
include sales from one com pany to another within the organization
t This includes $6,389 84 estimated loss upon Deposits in Banks that and all their co-workers, and justifies the confidence given
have failed.
them, the promotions made, and the recognitions yet to follow.
(J) Figures not available.
A review of the year revives the profound regret with
The net profits of the year have been determined by the
which has been recorded the deaths of
conditions prevailing August 31, the close of the fiscal year.
J u les A l d ig e , President of this Company in 1890, and
The first eight months of the year were profitable ; the last
one of its Directors at the time of his decease; and
four months covered a period of declining business and prices,
P h il o N e w t o n F o x , Manager of its Transportation De
with daily anxieties common to the entire business interests
partment from its organization.
of the country.
It has been said of Mr. Aldige that his experience covered
The measure of success obtained, as set forth in the an
nexed statements, m ay be said to have been secured notw ith the whole range of the growth and development of the cotton
seed oil industry, and that to his clear brain and devotion
standing those adverse conditions.
During the year the public paid the organization §23,247,600 during its early history much of its success is due.
Mr. Fox’s services were distinguished by zeal, capability
cash for its products.
Although general trade was much restricted in volume, a and loyalty.
E D W A R D D. AD AM S,
smaller quantity of stock was carried over than in the pre
Chairman o f the Board o f Directors.
vious year.
COM PARATIVE STATEMENT OF CAPITALIZATION, L IA B IL IT IE S AND ASSETS.
Ca p it a l iz a t io n :
August 31, 1893.
August 31, 1892.
August 31, 1891.
$
$
$
Common S tock.......
Preferred S tock ___
20,237,100 00
10,198,600 00
Total 81iare Stapital.
Debenture B onds............
30,435,700 00
3,566,000 00
20,237,100 00
10,198,600 00
30,435,700 00
3,790,000 00
4,000,000 00
34,225,700 00
34,001,700 00
34,435,700 0 0
C u r r e n t L ia b il it ie s :
B ills P ayable..........................................
Commercial accoun ts...........................
Interest accrued upon Debenture Bonds
at 8% per annum to August 3 1 .1 8 9 3 ..
Dividend accrued upon Preferred Stock at
6% per annum to August 31 ,189 3.
310,000 00
661,536 98
454,249 94
416,548 66
23,773 33
25,266 66
26,666 66
152,979 00
152,979 00
T o tals.
A
ssets
1,14=,289 31
632,495 60
443,215 32
35,149.989 31
34,858,195 60
34,878,915 32
9,567,531 03
9,845,598 27
:
R eal Estate, Buildings, Machinery, etc.,
based on the valuation o f Decem ber 1,
1890, as re-valued August 31,1892, with
subsequent cash additions.......... ' ___
Cash in B anks...........................................
Bills and A ccounts R eceivable.......... ..
Marketable Products and Supplies
hand available in the business_____
671,395 50
2,046,490 83
10,387,666 25
2.165,552 79
1,539,245 11
3,146,944 06
3,408,541 09
4,379,758 85
A s s e t s ..........
7,097,645 18
7,113,338 99
5,928,338 46
Cashvaluation of entire properi
sets in which. The American
Company is interested, withoi
any allowance whateverfor got
1 7 ,4 8 5 ,3 1 1 4 3
1 6 ,6 8 0 ,8 7 0 0 2
1 5 ,7 7 3 ,9 3 6 73
3alanee representing good will,
leases, patents, processes, hi
kindred assets o f an estahlishe
1 7 , 6 6 4 , 6 7 7 88
1 8 .1 7 7 ,3 2 5 58
1 9 ,1 0 4 ,9 7 8 5 9
T o t a l s ....................................................
35,149,989 31
34.858,195 60
34,878,915 32
T o t a l Q u ic k
|
THE CHROJSLCLE.
November 4. 1893.]
WESTERN NEW YORK & PENNSYLVANIA
RAILROAD.
S IX T H
ANNUAL
REPO RT— FOR TH E
J U N E 30, 1893.
YEAR
E N D IN G
To the S tock h old ers o f the W estern Neie Y o rk & P en n sylvan ia
R a ilroa d C om p a n y:
Your Board of Directors submits the following report for
the fiscal year ending June 30th. 1898:
Detailed information as to funded debt, the mileage of road
owned and operated, tvill he found in the reports of the Au
ditor and General Superintendent,
t Compared with the fiscal year, which ended June 30th, 1893,
The g r o * i earnin g*show an iH<r«o*<r o f .........................—
9 1 30,4 82 82
The operatin g expenses show an i n c r e a s e o f ......... .............
113,766 13
The i n c r e a s e I n net earning* above o p e r a t i n g e x p e n s e s
am ount* t o ......, ......... ................ ......................... ...................
17 .710 69
The net Incom e, after d e d u ctin g taxes. Interest <>n real
estate M ortgages. Interest on equipment notes and
rental under Lake S h o r e * Michigan Southern lease, is 1,024,400 60
8.149 02
A d e c r e a s e Of...............................................................................
This decrease i* mure than accounted fo r in the extra
ordinary expenses due to flood and tire damages m June,
1802, and paid for in 1893.
The am ount charged to betterm ent* o f road and rolling
•took la.......................................... ........................................
186,847 17
Au in f i r a s r o f ....... ................. ....................................................
4 0 ,7 4 9 24
O uting the yea rov *r #12,00 0 wjus charged to operating
expen se*, which, under previous practice, could prop
erly have been charged to betterm ent*.
Blew equipment note# have been paid am ounting, w ith
153,786 28
Interest on ail outstanding note*, t o ................................
T he outstanding not... g ir th for new equipment amount
t o .................... .............. ............................................. ............
793,337 75
These notes are payable monthly, and mature aa follows:
In the calendar year 1*93__ 8! l«,7...i 24
•*
“
•• 1 * 9 4 . . . .
••
••
'•
•*
<■
••
“
••
••
»
“
••
2 0 1 ,5 * 0 t o
1895____ 154,407 57
1.896..., 147.982 30
1 8 9 7 .... 126.105 12
)8 » 8 . . .
81,823 12
New equipment was purchased during the year
as follows
Of Burnham. Williams & Co.:
Three switching engines, at » cost o f ............................
Tw o tap-wheeled freight engine*, at a cost o f ..............
O f fhtMman’ a Palace Car C om pany:
T * o passenger eoaehe* ...........................
...............
The new passenger coaches were purchased to replace
tw o coaches burned at T itusville in June. 18 42.
835,110 0t>
19.750 00
9,617 00
As all of ihe above newly-purchased equipment, except the
three switching engines, which wore received on June 30th,
1883, was delivered after that date, the cult and notes given
in payment will not appear in this report.
Fourteen new iron and iron and
bridges have been
erected, as follows :
Buffalo Division, No. 10, at FraokllnvIUv,
■**
N(*.
at 9fNa8ville*.
Kosh ester Div*u, s o . t, at Ms Morn*.
*4
NO, 8. » s Hair* Creek,
“
No, 10, at Tiwrarora,
*•
**
No. 16, at * Ftumor©*
Tittsborx l i i v 'a . S o , 23, at Stiver Creek,
"
No. 6'*. at Titusville,
**
**
Jiii, t!7. ill fi«a#ejr*
♦*
**
•*
**
"
••
••
**
**■
1 *i»*n, equal
1
l
I
I
1
'l
3
N o. « l , a t S h i f t i.
i
**
**
•4
♦*
**
tf
*•
•*
44
**
**
**
•*
••
44
**
**
1
»*
ti
t
l
~
-
17
•<
“
No, * 3 , at- Smear R ub,
SO, 03, « Curyiton.
Nti. 9$, a* ytt&iar Bridges,
No, 98, mi kcmI Hoiiaa,
1
M
82-30 ftl«3 *
67*
27-
,4
**
03*
6801-30
290281-25
172
1025410*2'
102-
*«
*‘
M
tt
it
-
1,575 05 **
And a new iron and steel bridge, No. 14. at Portage, on the
Rochester Division, having three spans aggregating 42P25
feet, ia nearly completed.
The entire coat of the above flf een bridges will be, approx
imately, $97,000, and payment on account of same has been
made in accordance with the contrac s. Of the total cost of
these bridges, one-third wtli be charged to betterments.
Th«ro are at least six additional bridges that will have to be
built prior to January 1st, 1884, at an estimated cost, at the
present low price for material, of about $28,000,
The New York State law, which required all cars to be
equipped with automatic couplers prior to November 1st, 1893,
has been extended to J a n u a ry 1st, ISOS, and this Company is
complying with if* demand as rapidly as the exigencies of its
business will permit.
The demand upon the Company’s resources for the greater
essentials of new bridges, rails, siding*, etc., has not permit
ted needed improvements to stations, except in minor matters,
which, under more favorable circumstances, would have been
made.
No reduction has been made in the amount ($272.884)of real
estate mortgages outstanding, but the rate of interest on
$102,229 of said mortgages has been reduced from six and
seven per cent to four and one-half per cent. A reduction on
the balance will have to await an easier condition of the
money market.
No substantial progress has been made id concluding a plan
for abolishing grade crossings in the citv of Buffalo, although
the question baa received further careful consideration. The
physical di dimtith e to b • overcame, the g r e a t expense and
legal problems involved, are snen as to re ider it impossible to
e»v deHnitely when an agreement ia likely to be reached.
There is an increase in freight traffic of 173,528 tons, or
769 1
|nearly 4 per cent, the largest increase being in lumber,
anttiraeite coal, general merchandise, iron, refined oil and hay
and grain, in the order named. The increase in general mer
chandise is encouraging and is evidence ot a gradual growth
in our local trade. We anticipate a further gradual increase in
our iron traffic. The traffic, showing a decrease is crude oil,
bark, ore and ice. The decrease in crude oil shipments is
owing to the diminished production. Bark shipments
have been less by reason of the depression in the
sole-leather trade, which caused the temporary closing
of a number of tanneries on the line of your road. The
prospects indicate an average decrease in bark shipments in
she future, because the quantity of hemlock timber tributary
t i your road is gradually diminishing. Ore shipments de
creased because foreign ores, by reason of their being brought
in at a low rate of freight, were sold at a figure to temporarily
stop the shipments of Lake Superior ores to Eastern, Pennsyl
vania furnaces. The ton n a ge f o r the y ea r is the largest in the
h istory o f the c o m p a n y : there is also a large increase in the
ton mileage and this will account largely for the increase in
cost of conducting transportation, which was further unfav! r.tblv affected by the severity of the winter weather, which
rendered it impossible for our engines to haul the average
number of ears, and also by increase in wages,
It is to be regretted that the creditable increase in tonnage
is not reflected in our increase in net earnings. This is owing
to the redaction in the average net rate of freight received
(principally on anthracite and bituminous coal).
In 1892 we moved 4.433.947 tons 448,833,206 miles, at 6*088
milia per ton per mile, giving us, including certain miscellane
ous items credited to freight, a revenue of $2,688,285 45.
In 1893 we moved 4,607,47,5 tons 507.345,024 miles, at 5*555
mill* per ton per mile, giving us, in like manner, a revenue of
$3,819,579 18.
The decrease in tin* gro-s rate received in 1893, as compared
with 1892, i* 497 mills per ton tier mile, which, upon the ton
nage of 1893, amounts to $253,249 87, and represents what
vour company ha* lost the present fiscal year by reason of the
lower average rat-* prevailing. Our expectation for better
rates on bituminous coal for 1893, as expresse i In our re
port for 1892, was not realix-d ; the average rate, in fact,
being h-s* than in 1892. Anthracite coal has also been carried
at a reduced rate per ton per mile, by reason of the complica
tions brought about bv the anthracite coal combination of
1892,
The lease of the Jam* Mown & Franklin Railroad between
Oil City and Stoneboro has been in operation but a little over
one year, -o that no room for comparison is offered; but we
ore encouraged to look for an increasing business from that
section <>! country, the traffic from which retches us at New
Castle over line* with which we have close and friendly
relations.
Our passenger business show# a fair increase in the number
of passenger* carried, both local and througo (th>‘ tota l nunv~
ber carried being larg> r than f o r a n y p rev iou s year), and a
slight increase in the net r-venue. Our decrease m gross rev
enue from local pa»*eng<Ts ia because we have b *en compelled
to sell a larger percentage of mileage boobs, in competition
with neighboring roads, thus reducing our rate per passenger
per mile.
The B iffalo New York & Philadelphia Railroad Company,
to which the Western New York & Pennsylvania Railroad
Company is the succe-sor, went into the bands of a receiver
on Stay 20, 1885, and s*> continued until November 30, 1887.
The Western New York & Pennsylvania Railroad Company
was placed in the hands of a receiver April I. 1893; on which
date, Samuel G. Da Cour-cy, of Pniladelohia, was appointed
Receiver by the Circuit Courts of the United States for the
Western District of Pennsylvania and the Northern District
of New York.
Prior to the present receivership, and on March 1, 1898,
your Board issued the following circular:
“ Ar a meeting of the Board of Directors of the Western
New York & Pennsylvania Railroad Company, held this first
day of March, 1893, the following preamble and resolution
was adopt* d :
“ Whereas, In the opinion of the Board of Directors of the
Western New York & Pennsylvania Railroad Company, the
net earnings of said company, after providing for the mainte
nance of the property, are not sufficient to pay the cash inter
est due April t. 1893, on second mortgage bonds ; therefore,
“ R esolved , That the cash portion of the coupon due on that
day on said bonds be not paid.”
In connection with the above notice, the following state
ment was authorized by the Board ■
•‘ The company’s business shows a large and gratifying in
crease for the last five years, since its reorganizitien in 1887,
but the low rates for transportation have offset, to a great ex
tent, the advantage that increase of business was expected to in
sure. In 1887, the Committee of Reorganization objected to the
making of the interest upon thesecon l mortgage a fixed charge
upon the company's earnings, and were of the opinion that the
said mortgage bond should bean i n c o m e - b o n d , with such interest
payable as might be earned: 'but, owing to the refusal of the
security-holders to accept an income bond, the said commit
tee finally, and against its better judgment, yield'd and
conceded to the demands that the inter Mt upon the $30,000,ilOOof second mortgage should b * a fixed charge u_p in the
company's revenue. The committee, however, seeing the
impossibility of the then immediate payment of the interest
in cash, secured the privilege of paying the interest for five
THE
770
C H R O N IC L E .
years in sciip, hoping that, at the end of that time, the com
pany, through increase of its business, could meet this heavy
charge upon its earnings.
“ A s before stated, a large increase in the volume of business
has been secured, but the very low rates received have pre
vented the company from realizing sufficient benefit to
enable it to pay this interest, and, at the same time, provide
for the annual requirements in ordinary wear and tear ar d
needed improvements to road and rolling stock.
The W est
ern New York & Pennsylvania Railroad Company has
virtually no capital or st curities out of which to make needed
improvements; ils earnings are, therefore, the measure of its
ability to provide for these improvements, new equipment
and interest charges.
Having f o r five years struggled to
make the business o f the Company equal to the demands
■upon it. it has been decided that the paym ent o f interest
-upon the second mortgage bonds is, at present, beyond the
Company's pow er, aiul that the welfare o f the Company
renders it imperative that the interest upon said bonds must
be made dependent upon the net earnings, after providing
f o r the annual requirements f o r the keeping up o f the entire
p rop erty. This is the one single question with which a re adjustment of the Company’s finances needs to deal.
In all
other particulars the financial condition of the corporation
has never been so sound as at present. It has no floating debt;
it is a creditor company upon current business between other
connecting roads, and its current assets exceed its current
liabilities. It does not owe one dollar of borrowed money,
and its physical condition is also, by reason of the large sums
expended upon it during the last five years, better than ever
before. Under a system adopted by the present management
of putting aside monthly the accumulated interest upon the
first mortgage bonds, that Interest, so far as_accrued, is now
on deposit.”
The following resume of the freight and passenger traffic for
the five fiscal years, 1883-1887, which includes the period of
the first receivership, with the traffic of the five y. ar» from
1888 to 1892,shows a gratilying increase for the latter period ;
but a comparison of the rates received in 1883 ai d 1881, the
two years immediately preceding the first receivership, with
the rates received from 1885 to 1893, both inclusive, snows a
great falling off in the period last named. To this decrease in
rates is attributable the inability of your company to meet its
entire fixed charges.
Fiscal Years.
F reigh t T r affic —
B itum inous Coal Tonnage.
Gen. Mdse. & Other T on’ge
Lum ber Tonnage.................
A nthracite Coal T on n age..
1883-1 8 s 7.
5,573,315
4,76 <,’. 68
2,144.889
1,020,292
20 ,847 ,7-7
AvPTflt'P
o 7 0 9 1 qQ
4.169,557
Tons carried one m ile........ 1,434,457,696 2,158,144,917
PASSENGER TRAFFIC—
Passengers >a llie d ............
5.925,122
7,249,224
Passengers Car'd One Mile 126,419,553
1 4 s,753,360
7.237.093
1.447,418
723,6a7,221
Expenses. NetEarnings.
5- 38
5*65
4 52
3-98
4-20
4-57
4-71
3*t-5
417
3-95
5*27
2-23
1*49
•98
*81
181
1-23
1-80
2-87
2*06
3'72
1
S3 )
ANNUAL EARNINGS FOR FISCAL YEARS.
Gross Earnings.
1883-1887.
F reigh t................ * ............................... $9,015,976 88
P assen ger.............................................. 3,7 31,8 84 89
1888-1892.
$13,012,610 30
4,137,627 12
T ota l............................................. $12,747,861 77
A v era g e................................... .
2,549,572 35
$17,3 5 0 ,2 5 ’ 42
3,430,051 48
Expenses.
T ota l.................................................*9.174,450 70
A v era g e .................... ...................... 1,834,890 14
W hich, upon the 507,545,034 ton mileage for 1893, amounts to
$1,744,432 24, a sum largely in excess of one-half of our entire
gross freight earnings for 1893, and more than is required to
pay all fixed charges, taxes, inierest upon real estate mort
gages, interest on Debenture Bonds, and, in addition, the ma
turing iquij ment notes, with intejest thereon.
Ho much has already been said in the public press, in the
circular letters of eminent banking houses, and in the reports
of kindred railroad corporations, as to the decline in transporta'ion rates, and the disastrous consequences have become
so apparent in the number of roads that bave sought refuge in
a receivership, that it may be thought unnecessary to say any
thing m ire on this subject. Your ooard can but regret, how
ever, that so long as ihe present low rates prevail, its efforts
for increased business, even tin ugh atiended with a fair
measure of success, are not likely to produce any substantial
increa>e in net revenue. Just how and when relief is to come
is problematical ; all that can be done in the meantime is to
conduct your business with absolute economy, hoping for im
provement. The present financial di-uress, -o general in this
country, furnishes no ground for anticipating immediate re
lief, but rather a fear that the earnings ot your company will,
in common with others, suffer a decrease in the immediate
future.
Negotiations looking to a reorganization, upon a plan which
shall bring the fixed charges of your company within its
earning power, have been the subject of several meetings be
tween representatives of Foreign and American Second Mort
gage Bondholders and a Conference Committee appointed
from your board of directors, and whilst nothing definite lias
as yet been concluded, it is hoped that the final recommenda
tions of the several Committees will be acceptable to all secur
ity holders.
To officials and employees is due acknowledgment for their
efficient services and their fidelity to the interests of your com
pany.
By order of the Board,
SA M U E L G. D e COURSEY,
President.
B rooklyn Bath & W est End R ailroad.
(F o r the year ending June 30, 1893.)
From reports to the New’ York State Railroad Commission
ers, the following tables have been compiled :
Gross earnings...................
Oper. expenses and taxes
$12,272,093 06
2,454,418 61
Net Earnings.
$3,798,801 66
1,079,362 7o
T ota l................................................ $3 ,573 .411 07
714,682 21
A v e ra g e .........................................
A verage net annual increase from 1838-1 b92 over
1883-1887...........................................................
T h e average net earnings p er ton per m ile fo r the
.two fiscal years, 188 < and 1884, w ere.................
T h e average net earnings per ton per mile fo r the
eight fiscal years, 1885 to 1892, w e re...................
$4,878,164 36
975,632 87
$260,950 66
3 ’ 750 mills.
1-506 mills.
1839-90.
$
99,232
80,285
1890-91.
$
103.066
86,222
1891-92.
$
78.274
80,153
1892-93
$
108.513
118,353
Net earnings.................
18,947
14,844
def. 1,879
def. 9,840
Interest on bon ds................
Ollier interest.....................
21.149
24,912
4,880
26,517
4,577
28.915
10,846
T otal...............................
B alance,deficit...................
21.149
2,202
29,792
31.094
39,761
14,948 d e f.32,973 def. 49,601
Deduct—
GENERAL BALANCE SHEET JUNE 3 0 . 1 8 9 3 .
Assets.
Tost of ro a d ................... $1,130,403
Cost o f equipm ent.......
108,270
Cash on liand ................
8,562
open accoun ts..............
4,‘299
Materials and supplies.
3.060
Profit and loss (def’ey).
96,929
M iscellaneous................
7,454
Liabilities.
|Capital s t o c k ................
I Funded d e b t .................
| Intelest on bonds .......
|Loans and oil Is payable
I Open accounts ..............
I Vouchers and pay-rolls.
I
$ 5 5 2 ,0 0 0
5 5 2 ,0 0 0
13,487
1 6 2 ,2 6 7
7 7 ,9 7 5
1 ,2 4 8
T otal.............................$1,358,977 | T ota l..............................$1,358,977
Fonda Johnstown & (xloversviile R R .
( F or the year ending June 30, 1893. J
The following has been compiled from reports to the New
York State Railroad Commissioners :
$9,213,928 61
3 ,0 5 8 ,-6 4 42
F re ig h t.— ...........................................$2,479,200 4 5
P assen ger.............................................. 1 ,0 9 4 ,2 :0 62
A n average annual decrease per ton per m ile for
the eight fiscal years o f...........................................
A decrease per ton per m ile o f.................................................... . 3 1 3 7 mills
EARNINGS, EXPENSES A N D CHARGES.
1.324,102
22,333,742
The Earnings and Expenses per ton per mile, in mills, were :
F reig h t.................................................. $6,536,776 43
P assen ger.............................................. 2 ,6 37.6 74 27
Net rate per ton per m ile received in 1883.............................. 5-270 m ills
Net rare per ton per m ile received in 18 93.............................. 1-833 mills
2.647.477
2,691.997
1,7So ,426
167, 93
13.610,694
Earnings.
phastzing the great decline in transportation rates, as com
pared with ten years ago, we take the year 1883 alone, we
have the following :
Increase.
1888-18 -2.
8,220.822
7,455,165
3,975,315
1,196,485
1 8 8 3 ................................
1 8 8 4 ................................ .............. 7-88
1 8 * 5 ................................
1886 ................................
1 8 8 7 .......... .....................
1888 (10 m onths).......... ........ .
6-38
1 8 8 9 ................................
1890 (9 months) ..........
1 8 9 1 .................................
1892 ................................
(cSgj..................................
|Vol. LVII,
EARNINGS, EXPENSES AN D CHARGES.
G r o s s e a r n i n g s ..........................
o p e r a tin g e x . an d t a x e s ..
1 8 8 9 -9 0 .
$
2 2 7 ,3 9 3
1 3 9 ,5 6 0
1 8 9 0 -9 1 .
$
2 2 8 ,5 9 4
1 4 1 ,7 4 1
1 8 9 1 -9 2 .
$
2 2 9 ,3 3 3
1 4 1 .1 2 6
1 8 9 2 -9 3 .
*
2 7 3 .1 8 6
1 7 6 ,5 4 7
N e t e a r n i n g s ......................
O t h e r i n c o m e ............................
8 7 ,8 -3
1 ,2 1 3
8 0 ,S 5 3
1 ,5 0 1
8 8 ,2 5 7
1 ,0 7 1
9 4 ,6 3 9
1 ,8 3 4
T o t a l ..........................................
8 9 ,0 4 6
8 8 ,3 5 4
8 9 ,3 2 9
9 6 ,4 7 3
I n t e r e s t o n b o n d s ................... .
3 3 ,6 3 0
3 3 ,0 3 5
3 2 ,8 1 7
b iv id e n o s ( l u p e r c e n t ) ..
3 0 .0 0 0
3 0 ,0 0 0
3 0 .0 0 0
3 3 .0 0 0
2 .5 2 6
1 5 .0 0 0
T o t a l .......................................
6 3 ,6 3 0
6 3 ,0 3 5
6 2 ,8 1 7
5 0 ,5 2 6
2 5 ,4 1 6
2 5 ,3 1 9
2 6 ,5 1 2
4 5 ,9 4 7
D ed u ct—
S u r p lu s .......................................... .
GENERAL BYLANCE SHEET JUNE 3 0 ,, 1 8 9 3 .
2-244 mills
In 1892 we received net 2-05 mills per ton per mile, as
against the average of 3-75 mills for 1883 and 1884, a decr-ase
of 1 -69 mills, winch, upon the 443,332,206 ton mileage of 1892,
amounts to $749,231 43, a sum more than sufficient to pay
the fixed charges upon the $20,000,000 of second mortgage
bonds.
I f , in making these comparisons, and by way of further em-
Assets.
Liabilities
Road and equipm ent....... $970,088 Capital stock
$300,000
Real estate investm entg.
ents. 32,195
3 2 ,l» 5 Funded deot..
deot .
500,000
Cash and nibs receivable. 35,929 Interest on funded debt,
Open accounts...................
12,057
due and accru ed............
10,500
Sinking-fund ....................
24,571 Loans and bills payable..
4,196
M a t e r ia ls a n d s u p p l i e s .. .
1 3 ,3 0 2
18,106
Open accounts..................
Due by agents...................
4,772 Wages and supplies......... 35,801
Accrued interest.............. 10,500 Protit and loss (surplus). 234,811
T otal.......................... $1,103,414
Total..........................$1,103,414
THE CHRONICLE.
November 4, 1898.]
g h c
(C o m m e r c ia l
771
C O T T O N .
J in x e s .
Fr id a y N ight , November 3, 1893,
C rop , as indicated by our telegrams,
T he M ovement
COMMERCI AL EPI TOME.
of th e
from the South to-night, is given below. For the week ending
tms evening the total receipts have reached 331,782 bales,
at *tost 358,338 bates last week and 286.789 bales the previous
The passage of the silver repeal bill through both houses of weeks making the total receipts since the 1st of Sept., 1893,
Congress, and the asset t of the President thereto, was a note 1,810,001 bales, against 1.711.915 bales for the same period of
worthy feat tire o f the w ee k . Such result is accepted in com 1892, showing an increase since Sept. 1, 1893, of 98,026 bales.
tnercial circles as likely to restore confidence and stimulae
T ars.
ir o n .
R e c e ip t* a t—
Nut.
W ed.
T h itrs.
F r i. 1 T ota l.
business. a ® yet there has been no noticeable increase in the
movement of general merchandise, but the speculative ele iialvesiun......... 11,434 20,>99 7 ,8 3 - 9,939 8,272
3,4e9: 66,993
ment exhibits greater interest in staple commodities. Export Velas©**, &o —
......
379
722j 1,101
......
........
orders for br-adstufifs have been only fair, advices fr< tn
15.185 54,333 14,246 9,1! 5 11,410 120,166
abroad reporting ample supplies at prerent on hand. The S t *v O rleans... 15,877
1,641
2,935
2,169 1,623
9681 9,919
583
movement of gram at the West continues free, and there ha* Mobil©. . . . . . . . .
223
168
391
been considerable pressure to forward flour from the mills in Florida..............
anticipation o f the clo-e of inland navigation. Seasonable Savannah......... 9,596 8.283 12 182 5,991 6,990 6,760 49,807
2,167 s. . . . a . . . . . . j 2,090
HrunsWk.Ae. . . . . . .
......
4.263
and generally beneficial weather conditions bare prevailed.
703 19,741
The Louisiana cane crop is being marketed with freedom on 1 Charleston....... 4.245 4,941 1,061 4,232 4,494
p l R oyal, Ac.
7.200
......
...... j
promises a large yield.
M| 7,258
899 1,039 1,325 1,516 1.101 1,682
7,882
The following is a comparative statement of stocks of W ilm lncton___
24
Wash’ ton, Ac. . . . . . .
......
15
........
leading articles of merchandise at dates given:
F rid ay N ight , Nov . 3 ,1 8 9 3 .
1893,
OeL l.
F ork.......................
bbht.
h a rd ......................................... tee.
Tobacco, domestic ............ hh.bt.
T obacco, foreign................bale*.
Coit-e, Kto........ ....................m e .
Outre, other........................taaic*.
Coffee. Java, 4 o ..................mate.
Basrar.................................... hl>*!«.
B o w — ............................boss*.
B b .-a r ...................................b a g * . A c .
M e la d o .........................................hint*.
M - ■--- •.
.-i
.........- •
i M a a r a , d n m e a t i e .............b b u . ,
H ides...................................... .No.
Cotton................................ . b . i >■*.
Koeia......... .................... bbUk
g p tr tta t u r p e n t i n e ...................b b i* . ■
T a r ..................................................b id *.
Klee, E . I .................................bant*.
K le e , d o m e s t i c .......................t>b •
L i n s e e d ............ .........................b ag*.
B a k p e t r e .. ................................. b a g s .
J u t e b u t t * ............ ............... ..b a i e s .
M a n ila h e m p ...........................b a le*.
8 ! s a l h e m p ............................... b a ls a .
F l o u r ............
v»>s«
3495
9,555
17,599
41.150
62,830
17.100
U 0.1,28
103
Hoo**
6.254
Sou®.
550
2.600
272.100
130,745
20.6 4
l.-'Si
1.717
4,7* 0
1.500
5.460
.11* 0
15,650
11
13,4*9
171.51V*
1893.
Aw. 1.
1892.
Noe. 1.
15,419
5,«45
22.618
37.079
194.61*1
33.307
4,423
6.5
-Von366,333
3t«m»
400
2.600
311,** i>
271,335
23.017
718
2,471
1,018
<*.‘>40
17.033
41,010
19 ..7*8
28,453
81 500
15 4
None
* ,930
None,
3*5
.6-0
227,000
461.1.9
14,830
71-3
3.500
1,700
5.460
7.500
10,300
S tu*
10.847
140 440
6
1
818
11,000
4.600
None
18.1-00
54,400
>•»• »•
4, 'Or,
t*1 4- 0
Lard on th e su*>t ha« continued extremely dull, hut prices
have held about steady, ciiwing at 9?^ts. for prime fitv.
lfMOc, for prime Western and lOtKtc. for refit ed for the Con
tinent. The specolath n in lard for future delivery at this
market has been at a standstill, but prices have advanced
with the West, closing steady.
d a il y clom ko
r a te rs o r lar d r t m n u * .
Hot.
November *M1y»-tt..... e, B- -o
January deMtra-r........8-05
Sion.
Turn.
*-i»5
8 90
» *o « *0
Wed.
Th ur$,
8 90
S-00
9 -0
F r i.
9 0 • 10 00
fw
Norfolk..............
West P oin t...
N’port N* Ac.
New Y ork_____
Bo#*on .............
BalUmoro .......
PhUadelph’a A c
6.396
1,597
......
......
335
7,240
2,059
......
......
43
.........
90
5,* -6
1,355
591
300
259
1,389
222
2,683
1,075
.........
........
48 S
226
5,571 31,385
3,029 10,512
237;
.....J
881
.........| . . . . . .
300
250! 1.430
55
492
1,881
828
300'
3,911
1,397
Tofts this week 32 030 62.809 98,58 * 12 .U 4 3 *»,2 21 12.978 334 762
The following shown the week's total receipts the total since
Sept, 1. 1*893, and the stock to-night, compare t with last rear.
Reeelpls to
Sat. 3,
1993.
1092.
Sto'k.
Thin iShut Hep. | This Sour Srp.
Week. 1, 1693. ! Week. ' 1, 1892.
1393.
1892.
10
212
.
142,608
aiftteitotk... 66.993 331,523 67,201, 432,74 *
Velasco. Ac
11,65 *: 1,942; 19,019
4,100
New Orleans 124.106 517,173 79,998 365,632
oi l 196 695
Mobile........ 9,919 67.055! 9,147; 6l,'*07
27,3-12 28,071
Florida..__
3,0.54
391
4,«3o!
Savannah., 49,807 383.75s 47,724 363,479 147.104 113.797
BFwlefc.Ac * : 63
19,754 13,201] 56,463
7,591
7.000
Charleston.. 19.711 1.'0,213; 19.510 147,473 77,303
63,177
>4,052
P.Royal.Ae 7.2*8
207
Wllmliurtoa.. 7,M2
70,518
20.093
69,278
23,143
Woetk’n, Ac
24
154
43
»«*#•»
*»!
Norlolk...... 31,385, 187.004 19.937 80.1 10 65.123
40,180
West Point 10,512
48.307, 14,788
73.233
22,405
N*p*S.V..Ao
3,873
3,3'6
937
*lj
603
205
New York...
1,295
300!
095
,8-2 161 943 232,954
- ton...... 1,490,
2.793 4,003
13,181!
15,000
000
B«itlmore... 1,881
10,435 1,151
3,736- 20.032
16,336
Phlladc!,,*e.
82#:
S 819
723
4,926
6.433'
4,81*8
Totals...... 331.762 1,810,001 293.552 1,711,975 1*47,070 967.0*9
In order lint* comparison may be m id •with oth-r years, wo
give below the totals at leading ports for six soaaaas.
1,101
122
210
12,888
10,002
8
1
12
Pork has met with a light trade, but prices are without de
cided cb -n.-e and steady at $19 >$30 for me**. Cut meats
have been dull at declining prices, closing at 1IWH0?*
for pickled bellies, 13i«*10 It*, awr tge. Tallow has been nuxl-r1892. | 1891.
1890. : 1889.
ately active ami steady at 5 1-lBc. Cottonseed oil has Heeetplt at— 1988.
1388.
been in light supply and th e close was tinner at STc. Galves'n.Ao
85.61-2
4
t
5*7
6S.0
<
4
69,143
52,717
36.931;
for prime crude and 40®41c. for do. yellow.
NewOrleans 120.168 79,996 113, 95 80.701 U-.'J 374 78 207
Coff-e sold slowly and favored bu.ert on pri’ e. Rio quoted
Mobile ......
9,919
0.147, 16.30 4 17 5-0
322*
9,398
»} 18*4c. fo r S o 7; good Cuouta 21 «5tlJ4'\ and interior Psdang Savannah... 49,807
47.724 46.313 49,7 -6 40 123 44.459
28®2%£a. Contracts for future delivery moved slowlv with
moderate flue uations in price, closing to-dav with only a Ohar'um.Ae. 26.999 19,747 32 3 13 20 3*8 22,587- 20.107
7,906 12,931
9 416 10 017
9,633; 8.858
barely steady tone. The following are the final asking prices: WJhn'ton.Ae
N orfolk .......
31 385 19,987, 31.610 29.509 25.820 30,304
N ov............17-30.-. Feb............................ 18 30c. M a r ................. l f . - v .
Bm ............... n y - „U M. h.................t« 10c. j Jnlj................ts-s«c. W. Point.Ac. 11.303 15.891 16,393 20,187 20,383 31,864
All o th ers...
9.093 19 244 23 306' 19.6 U 13.467 11,698
Raw sugar - a trifle more active at heavy- decline in price, Tot. tills wk. 33 .,762 243.552 3*4 6*7 3«»«>.->6 > 30 * 13*
closing tamely. Oen-ntugd quoted at 31., :. for 98 degtts.tost and Muscovado 2Jgc, for 89 degrees test. R-tincd sugars SinesBept 1 t ?10 "01 1711,97? aiMS,U7t* U 0 l *>.J l i e ,.3 U ty.!.».7 1 0
decidedly tower ami quiet; granulated quoted at oc. O.nt-r
Tli*. exports for th * w,r.*’c on ling this evening reach a total
staple grr ceric, selling slow ly.
of 421 440 bales, of which ltt 9i7 ware to Great Brit on, 36,710
Kentucky tobneo has sold rather slowly, but prices are to France an 1 -15,7*84 to the rest of the Conti teat. Below are
u n c h a n g e d a n d s te a d y , S. ed lo a f t o b a c c o h a s b e e n q u ie t, theexit>rte *or ths w»*ek an ! sinceSapte mar i, i8SK.
but values hold rteady, Sal’ 8 for the week were 951 canes.
Wttk E fy iin , S . 3.
From Sep . L 1-0 *, to 5',to. 3 13 j :1.
Including: 200 case* jg82 crop. New England Havana, 20«
g fU 1 f l fit •
Krfbot ed fn—
Experts
oOc-l 13o eases M92 crop. do. send. 8l(»2lc.: 2f>0 ca«ee t8S2
Gnat
<tenti
Cw itl- ratal
G rm l
from
—
cron, Wi-ot.-in H w n a , fi *IZ U e ; 100 cases i««i crop, do.,
Franr,
ywuKw
Total.
BHVn.
nt nt.
n m l. Week. flrilam .
&«'•> .; 100 cases 1890 crop, do., p t., See., See.
10
The tratisac ions in toe speculative market for strait* tin
bave beep small, hut prices have t«-**n advanced a trifle on
foreign adriees and the close wa* firm at 20.75c. Stile* for
the week **»■ about SO ti n*. Ingot copper has been without
change and qun»t at tHMc. for Lake. Lead has lost the improve
m e n t o f la -t w - e k , c l e in g q u iet a - 3 4 6 c. f o r d o m e s t ic .
m m n * q u ie t hut sf*-adv a i ?1 2 75 * 1 5 50.
P ig
Refined petroleum is quiet at 5 15c. in b?.|s.t 2 65c. in bulk
and j ithc in ca.ee: crude in bhla, is without change. Wash
ington closing at 5 60c. in bbls. and 3-10c. in hulk: naph'ha
u>4 C, Lrttde certificates nave further advanced and the d o e
was firm at 73c. bid. Spirits turpentine has declined, nut
the close was firm witbrnostof the Ires recovered *- flfi *t:| d
Rosin is in lig h t supply an d firm at, $1 2 0 * 6 1 22! 4 c . f <r c o m tnon ami good slrainttl Wool has been in better demand
but prices aie still unsettled.
Hops are quiet and easy.
Jsiveston. ...
42-.8W3
.......
«8.»0t
500
N ew O rle a n s.. m ,« w 30,228 10.610
Mobile & Pen ,
. . .,
6.0 lb
Savannah .......
W i9
u ,m
....... .
B ru n sw ick....
......
Charleston..
If.. I$4
2.93.1 18,'SI
W iim inutnn.
11.857
14*857
N orfolk ..........
0.900
W ent P oin t...
.
.
.... ,
,.
,. ..
tf’ p’t New#, Ac
■few Y o r k ,,,,.
7M b
9,0«0 17.882
B o s t o n ...,.,...
4.1*80
i St 1,5 L3
Baltimore.. ... 2,338
coo 7,183 10,123
....
**blla<lelp'a,&c
85S
8 ,5
’
Tnlai ............ U l , hIT 3T..74-I 46.783:22* 4 40
Total. 1f m . . . .
SO* 6
10 30< eu.Bt. bto.ns*
132,593 35,731$
29,41*2
180.791
6.0 S
130.8J0
73.515
n,2«<J
m
23.955
Sc? 98
.10,705
2.1,102
10, 79
. . . . . ..
958
67,807
SO.0*8
16.tin
3,757
17.-50
92.* 80
6,475
31.3.0
21,8 2
3i0
........
188,030
11.078
74.520
41,-84
13,320
4.25U
47,700
1.982
33,208
121
491 5-«
IS .5*5
e io ,3 re
nr m
2,633
..
m
I
958
119.757
32,040
52,020
4.11B
3t«,48»
V U. Ml I
90.90 P 249,9 '0
056.110
THE
772
C H K O N IC L E .
In addition to above exports, our teiegram-s to-night also
give us the following amounts of cotton on shipboard, not
<31eared, at the ports named.
W e add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, 24 Beaver Street.
O X S H IP B O A R D , NO T C L E A R E D -- F O R
Ifov. 3 at—
Great
Other Coast
Britain. France. Foreign wise.
672,518
823,702
23,949 103,511
Speculation in cotton for future delivery at this market has
been of somewhat irregular character, but gradually tending
toward a stronger tone. Local sentiment is more generally
inclined to believe that considerable injury befell unpicked
cotton during October frosts; there was a slightly smaller
crop movement than expected, and demand from both
domestic and foreign consumers has been good. Saturday’s
market opened tame and 8@9 points lower under slack ac
counts from abroad; but as soon as weak holders of long en
gagements had sold out, there was reaction and full recovery
of early loss. On Monday the cable advices were better, and
some frost stories prevailed, upon which prices advanced
14
points,
local
small
shorts
covering
freely,
but
before
the
close
the gain had entirely disap
peared under rumors of liberal crop movement for balance of
week. Tuesday brought somewhat disappointing advices from
abroad, but offerings were moderate all along the line of con
tracts, and a net gain of 5 points took place, the passage of
the silver repeal bill bytheSenatehelpingmatters somewhat.
During W ednesday the tone was unsettled, but a small gain
in value resulted, and yesterday an advance of 17 points was
well held at the close.
The market was stimulated by evi
dences of crop movement running somewhat behind calcula
tions; a good demand from consumers at home and abroad
and increased disposition to speculate on the part of the outside
public. To day there has been considerable irregularity, but
at the close average rates were about same as last evening.
Cotton on the spot has been dull but higher, closing at 8% c.
for middling uplands.
The total sales for forward delivery for the week are 1,062,000
bales. For immediate delivery the total sales foot up this week
4,187 bales, including------ for export, 1,587 for consumption,
------ for speculation and 2,600 on contract. The following are
the official quotations for each day of the past week—
October 28 to November 8.
UPLANDS.
M on T ues W ed
S a t.
513le 513X,
6 S16 t>3*16
71,6
71,6
7%
7k
7%
7%
8
8
83] a. 83,6
8h
8k!
8 hi
H“ l8 8 lie 8l l ie
9Mb 9 l 16 9 l ie
97,.
97i*«
9 ’ ie
£>13i6
«0
S16
4
7 1 ..
7%
7?t
8
O rdin ary.....................................
Strict Ordinary...........................
G ood O rdinary...................„......
Strict Good O rdin ary ................
L ow M iddling............................
S trict L ow M iddling..................
M iddling.......................................
Good M idd lin g...........................
Strict Good M idd lin g...............
M iddling F air..............................
F a ir ...............................................
GULF.
S a t.
O rdinary.......................................
Strict O rdinary...........................
G ood O r d in a r y ..* .......... .........
Strict Good O rdin ary ...............
L ow M idd lin g.............................
Striot L ow M iddling..................
M iddling.......................................
Good Middling.............................
Strict G ood M idd lin g...............
M iddling F air..............................
F air................................................
STAINED.
61,6
61,6
75,fl
7k
8
8k
87,6
8%
8^16
95,6
911,6
S a t.
G ood O rdin ary...........................
Strict Good O rd in a ry...............
Low M iddling..........................
M iddling.......................................
T il.
515,6
63,0
F r i.
6
63s
7k
5 l3it
63,6
7118
73a
73i
8
831S
8k
8H le
9^ 6
9 716
7^
778
8k
8°i«
8k
93,6
9a16
87S
9k
95g
M o il T u e s W e d
T il.
F r l.
61,8
67,6
76,6
7k
8
8k
87,6
8k
815,6
95,6
911,6
61,6
6 ’ l6
75,6
7k
8
8k
87„
8k
67,6
75,6
7k
8
8k
87,6
8k
9=16
9i i-jp
9U,6
69,6
77,6
7k
8k
8^,6
8 7e
91 ,.
97,6
91»ip
715,6
83s
6k
6 5a
7k
713,6
83,6
87,6
8k
9k
9k
9k
M on T ues W ed
Th.
F r i.
5 516 55,n
51-16 516le
61=16 6 1 3 ,6
5716
61,6
5*3
7k
7 7 4
51»,«
515,6
613,„
7%
7%
7%
7
7 1 fh o
MAKKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SALES O F SPO T AND CO N T R A C T .
CLOSED.
Sat’d a v .
M onday
Tuesday
W ed’day
Thur’ d’ y
F rid ay..
Dull................
Dull.....................
Quiet & steady.
Dull........ ............
Q’ t & st’y, i* adv
Easy at 1,6 adv.
T otal. .............................
Ex Oon- Spcc- Con Total. Futures.
port, sump. ul'Vn tract.
....
289
124
80l
100
140
133
....
1 ,5 8 7
____
....
....
...
—
200
400
2 ,0 0 0
....
2 ,6 0 0
t—cx
14
4
2
OTjt»g o h j® o
ot ch—
-'3
ox ao2.gt-S5
o£•
o—
fIt2 cT
S'.
£■§-*.§
289
324
1 ,2 0 1
2 ,1 0 0
140
133
1 0 5 ,3 0 0
148 9 0 0
162 500
1 1 1 ,5 0 0
236 300
2 9 7 ,5 0 0
4 ,1 8 7 1 .0 6 2 .0 0 0
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1 1 >< 1 1 ◄ I 1 ◄
1 1 1 11 < 1 1 ®
1
I a; : 1 a;
1 a: : 1 a: : I a:
1 a: :
05
1 1 '•
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ll*|
11 .
1 1! 1 i 1:
O
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649.190
Total 1 8 9 3 ... ; 154,653
A
or®<t>
[
298,789
294,521
349,302
607
4,051
3,500
900
None.
7,620
None.
None.
*3
H
q-d® n. q>y3>s
lAver ..-----
16 678
T otal 1 8 9 2 ... | 152,104 53,074 73,443 15,900
T otal 1 8 9 1 ... 1 177,651 24,162 122.585 24,904
14,075
18,486
20,000
5,600
None.
None.
14,350
31,000
13,781
9.466
None.
None.
None.
None.
700
None.
\rt-i I
700
7*98
1 267.800
175,404
89.679
118.664
57,303
22,342
20,503
139.293
25,502
19,045
39,008
5,000
14.000
5,000
37.000
7,600
28.000
T h e S a l e s a n d P r ic e s o f F u t u r e s are s h ow n Dy the
fo llo w in g com p reh en sive table.
Leaving
Stock.
Total.
47,508
71,011
28.500
20.500
5,000
44,620
22,650
59,00"
New O rleans...
G alveston......... i
Savannah......... i
Charleston.......
M o b ile ..............
N o r fo lk ............
N ew Y ork ........
O th er p o r t ___
[V ol . JLiVILf*
►
►
► 11 ◄
►
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►
t 1 1 *-t®
n
: 1 a: ; 1 a: : I a; : 1a; :
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1 1i | 1 1i
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; 2
C
r
h
| -iC
Includes sales in September, for September, L.7o l
The following exchanges have been made during the week :
15 pd. to excli. 200 nov. for Jan.
•30 pd. to excli. 500 Nov. fo r Mcb.
16 pd. to exch. 1,400 Jan; for Mcb.
•13 pd. to excb. 300 Nov. for Jan.
•31 pd. to exch. 200 Jan. for May.
•29 pd. to excb. 800 Nov. for Mcb.
•14 pd. to excb. 700 Nov. fo r Jan
•16 pd. to excb. 200 Mcb. for May.
•15 pd. to excb. 100 Jan. for Mcb.
04 pd. to excli.
•IS pd. to excli.
05 pd. to excli.
•09 pd. to exch.
•38 pd. to excli.
•31 pd. to excli.
•05 pd. to excli.
•17 pd. to excli.
500 Dec. for Jan.
100 Nov. for Feb.
200 Dec. fo r .Tan.
100 Jan. for Feb.
400 Deo. fo r May.
100 Jan. fo r May.
1,000 Dec. fo r Jan,
100 Jan for Mch.
T he V isib l e S u p p l y o f C otton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Nov. 3), we add the iter' of exports from
the United States, including in it the exports oi Friday only.
THE CHRONICLE.
N ovember 4, 1S93.J
778
1891.
1890
l 993.
1392.
DOTATIONS FOR MIDDLING COTl'ON AT OTHER MARKETS.—
730.000 1,073,000 701,000 597.000
Stock at L iverpool.........bales.
ow we give closing quotations of middling cotton at South
10.000
9.000
9.000
31,000
Stock at L om lon....... ................
ern and other principal cotton markets for each day of the week.
760.000 1,034,000 713.000 628.000
Total Great Britain stock
3.700
w.OOO
4.600
Stock at Hamburg....................
•2.300
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Stock at Brem en........................
91,000
75,000
57.000
62.000
16,000
2,000
Stock at A m sterdam ...............
12.000
17,000
H oe. 3
M on.
S a tu r .
T u ts .
W ed n es.
F r i.
T h u rs.
200
Stock a t R otterdam .................
200
200
300
6.000
Stock at Antwerp .............. . . .
7.000
5,000
3.000 G alveston...
7H la
7\
7H
7H
7H
7\
Stock at Havre........................... 304.000 310.000 179.000 113.000 New Orleans
7=*
7=8
7=8
7=s
7H
7H
10,000
3.000 MobOe. . . .
Stock at M araeil'M ...................
5.000
9.000
7-4
7H
7 -a
7>s
7%
70,8
Stock at B arcelona ...............
20 000
39 000
34.000
20 000 Savannah
7%
..
7>n
7=8
7 ms
7»-8
7h«
Stock at Genoa...........................
9 OOO
8 000
7.00O
5.000 rkarleston .
7%
7=8
7=8
7%
7=8
7=8
Stock at Trieste ...................... _ 23.000
22,000
27.000
1.000 W ilm ington.
7H
7%
7%
7H
7\
7H
Total Continental stocks.
492.200 489-900 345 100 209.500 Norfolk . . . .
7%
7\
7H
7%
7\
7 78
8*18
8*is
8h *
8 316
8=i*
Sb«
T ola! European s to c k s ___1,242.200 U 37 3.80 01,058,100
837.500 Boston —
83 ,
6-9
8-8
8>*
S-8
She
India cotton afloat for Europe
39.000
33.000
37.000
31.000 B altim ore...
Philadelphia
8=8
8%
8=8
8=8
8=8
645,000
Am er. cott’n afloat for Europe.
530.000 695 000 660.000
7 H ,. O H 7 H ,.* % 7H
7%
?»*>
30.000
71=18* 7e
Egypt.8fazil,&i-.,aflt forE ’ r'po
44.000
6 ',000
50 000 A ugu sta. . . .
7%
7=8
7=a
7%
7=8
7 “ to
Stock in United States p o rts .. 917.979 967,039 1,173.001 613.686 Memphis . . .
7 !l„,
71118
7 ‘ >18
7 !1ts
7 ‘ >18
Stock in U S. Interior tow ns., 321.560 321,031 373.630, 281.451 St. L ou is___
71=18
7%
7%
H
om
ton
—
7%
7=8
71118
7>ljs
43.729
31.815
30.023
trusted States exports t o d a y .
47.864
h
SL,
S
8
8
Cincinnati .
SH
Total visible supply.......... 3.267.4C7 3.506,485 3,427.787 2.551.701 Louisville...
7-%
7
7a
7
7s
7
78
7
78
7 7a
O f the above, tin* totals o f American ami other descriptions are aa follow s:
im a w n The closing quotations to-day (Friday) at other important
Llvc-rpool stock..............bales. 537.000 917.000 535.000 325 000
Continental stocks .............. 376.000 313,000 219.000 103 000 Southern markets were as follows.
American afloat for Europe... 645.000 530.000 695,000 660 OOO Atlanta . . . . . . . .
71 i* |X t-w l'-rry..........
73* Little Rock . . .
7%
UnitedStates stock.............. 917,979 967.039 1,173.091 613 688 Coluuibuv, Ga
7%
73» M ontgom ery... 7*» I R aleig h .............
United State* Interiorstocks.. 321.580 311.031 373.630 281.451 ColumhUA, Miss ’ *1- N ash ville......... 7%. IS e lB ii.,..............
7>s
United State* exports to-day.
7 s* NatcUc-x...........
13,278
31,615
30.021
7i»le |8tm.-veporL___
7>*
47.961 F.ufauia...........
T otal Am erican................. . 2,916 267 3,114-685 8.025.657 2,061.201
RECEIPTS PROM THE P l a n t a t io n s . —The following table
E a s t I n d i a n , B r a s il. etc. Liverpool stock ........................
169,000 158,000 169.000 272.000 indicates the actual movement each week from the plantations.
London M o ck ........ ...................
10.000
9.000
9,000
31.000 The figures do not include overland receipts nor Southarn
Continental stocks...... ............ 106.200 141,900 12S.10O 106.500 consumption; they are simply a statemsnt of the weekly
India afloat for Europe ...—
37,turn
3 9 ,0 0 0
3 3 ,0 0 0
31 000
E g ret, .Brae:!.-', r.,
... .
;■} ■>-■•>
-! i m i.
50.000 movement from the plantations of that pirt of the crop which
Total East India, Ac..... .. 351,200 3917809 imi.iad 490 500„ finally reaches the market through the outports.
y
Total American..............2 916,2673.114.665 8.025.65,7 2.0«t.20t
*"PP»y........ 3.287,467 iaoSIdiS 3.427.767 2.531.70i
Price MW, ! p) . Liverpool......
1 1
|M.
4»,.d.
5%<1.
Price Mi l. Upl., New Y o r k ....
8%u.
SMfl
9?
t w The imports into Continental ports the past week have
been 67.000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 239,018 bales as compared with the same date
of 1892, a decreet«s of 160,290 bales as compared with the
corresponding date of 1691 and an im n ta m of 71.•>.764 bales
a* compared with 1890.
At the Interior Towns the movement— that is the receipt
for the week, and since September I, the shipments for th®
week and the stocks to-night, and the same items for the
corresponding period of 1892—is set out in detail in the
following statement.
3
-®9
•a
■j
i
C:
?■ *
grn
Op
m 2 §£
C£
"
"
m
2
. :. '*■: ; * .............
I
■
l
=l 5*
' "
►
* **! *• • - -
Wt4k RtceipUat th« Port*, (st’fe at Interior 7W w . ffo.-’l'L- fromPHnt’nt,
mmo- IWh j
isb». | mm. | ismii.
u<vs. mi. mm. 1800.
■IM H iM IlM ias,»SSi lSJUiB 2mm 162,37Sll»3,lX0
eeM M Ui.iS3| i-8.*u iss.swa M
o&
l e ...
b%
mi WMM&881*980
“ 13
h7&#&*NK%miHjm *88,12! **»AM I88.78S 4423H m.mmtim
w to.**.. SdO.lil;*70,733 (68.7*9m tguslisAsaojsri.iai IMM? 81)1,863 32d,l(i7
M6^«* m .3 i ; 88e.T?4j*;<M>8i stum 310^M 408.119
Not. 3 .... Ul.Wl 2SS.3A2 S3I.T02 .M3.8S 1421.OSlIWUMO
y 37if.34
The above statement shows: 1.—That the total receipts from
the plantations since Sept, 1 in 188$ are 2.055,895 bates; in
1883 were J,804,872 bales: in 1891 were 2,805,780 bales.
3.—That although the receipt* at the oueporta the past week
were 384.783 bales, the actual movement from plantations was
only 879.340 bales, the balance going to increase the stocks at
the"interior towns. Last year the receipts from the plantations
for the week were 335,809 biles and tor 1891 they were
382,980 bate*.
OVERLAND MOVEMENT FOR THE WEEK AND SINCE SEPT. 1.—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail aa in our regular monthly report, but atl
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Nov. 3
and since Sept. 1 In the last two years are as follows:
1893,
S o t e m m r B.
a,
1 1 ,1 f t
C
?| 5
»*» I j
m
S
C5
i w w o *
••sift fS i? S £ ** *
—
*»s#f
'1 «
o*
•-*3—*-0*
SAtopvo—
Via Si L otti*...............................
Via Cairo ................................. .
via Hannibal................................
Via Evansville.............................
Via LouUville...............................
Via Cincinnati..............................
Via i-'her route*, Jko...................
Total gross ov erla n d ...............
SwS
,r
,.
O xd uet l i l i u m e n o -
t
S
l l S*«^n S
g g Sm*9
^S
f e lc l- p
i i g i ? ? ^ ii
hi-.*®
« isastuoc©
x ©g*•w*<is?sc©w
P r P > : ; , r‘.
r
‘x, x T r- c. 9 r- '* “ * * to-«
WecJc.
13 1
*****
(§ * * l
« c u e c aa©VlU'IbWV® « © f ? ^
^ x- x #» -x * j © © © © -9*i—5-so* »««*®«•*<•#«£ I ** S'
— *3V '*• X C n:i:
p v-ptaja
p.*- “ r
»i O*-*—SJ&5*-*—*-*fci
2 2 S 5? ^ X £ ^ h s 'r - x L*> x **’*5 »-w lk'scikb ss i : © l - V <
© w ©«5*® ® !2»©©0-3©*-iiJ© 55f-4«8<
55 1
H*
*-*|0M
*-»
— V55 r50*5
^ r— ;
«»*■*»p
"*’- * ? * ^ '♦.w
? t** C * : « = e w * * V s » » V ^ V « « « * o > V - « t S h 'xV.5r.Mh
7 2 1 -^
c
c r - / — -e n ; v. c is -•- i s: g x
x
s 9 6 ? -iB a * « v » .a » e » w » » w .s 9 9 9 > = s
* I«n i4v m « (ixure* “ n e t" in both year*.
• “ *** year-* flgures are for Sberman, Texas.
! This )t*ar > flaurcs estimated.
IL
Si
lit i
oS2
? §
*■ *■
The above totals show that the interior stocks have inerm w
daring the week 44.578 bales and are to-night 529 hah
more than at the -l ame period last year. The receipts at all tt
towns have been 9,015 hales m ore than the same week la
year and since September 1 they are 77,-505 bales let* thi
for the same time in 1892,
Overland to N. Y „ Boston, ± o ..
Between Interior to w n * ......... .
Inland. A o,,from S o u th ............
T otal to b e d edu cted...............
23,675
10,95-1
"8 8 8
2,4711
3,463
2,073
1892.
S in e s
S ept. 1.
_ . j Nines
**«*• : S ept. L
72,743 18.116
35,881
6,491
98o: 9,586
1,752
n->
10.324
8.139
55,115
5,952
14,2131 3,134
06.807
30.974
40,804
099
26,182
15,308
20,835
43,528
150,978
51,597
201,759
4,439
k lti
20.378
2.933
13,052
0.871
1.180
2,559
23,695
3,503
12,981
9,011
30,065: 10,616
Leaving total n etoverla n d *.. 31,517 114.013
•luoludlng m ovem ent by rail to Canada.
40.981
40,179
161,580
The foregoing shows that the week’s net overland movement
this year has been 84,517 bales, against 40,931 bales for the
week in 1892, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 47,581 bales.
I n S ig h t a n ti H p in n e r f
Tak%ng $,
1892.
1893.
W eek.
S in c e
S ep t. 1.
„
,
W eeK -
1 Since
B ept. 1.
Receipt* at port* to Nov. 3 ........ 334.762 1,810.001 291.552 1,711,075
Netoverland to Nov. 3 .................. 34,517 114.013 40.981
161,580
Southern consum ption to Nov. 3.
17,000 145,000 15,000 131,000
Total m arketed......................... 386.279 2,069.014 349,533 2,004,555
interior stock s in e x cess............... 44,578 245,39* 32.257 192,397
Came Into sight daring week. 430,857
381,790
....
Total in sight Nov. 3..........
........ 2,196,952
2,314 408
.........
North'n spinners tak’ge to Nov. 3
....... .1 358,946
245.138
It will be Been by the above that there has come into sight
during the week 430,857 bales, against 381,790 bales for the
same week of 1892, and that the increase in amount in sight
to-night as compared with last yeaar is 117,438 bales.
774
«*■
THE
'•
IVol, Lvn,
C H R O N IC L E .
■■...~—
W eather R eports b y T i legraph . —Report* to us by tele
graph this evening Horn the S 4uh indicate a continuation of
very favoraol*- weather conditions during the week, and as a
result the gai henna and marketing of the crop have made v. ry
good progress. Kdln g frost occurred at some points in the
Atlantic ann Gulf States in the early part of the week.
Galveston, Texas.— W e have had dry weather all the we»k
The thermometer has ave aged 69, ranging from 59 to 79.
October r»n.fall. Htv-five hundredths of an inch.
Palestine, Texas — Dry weather has prevailed all the week.
The theimomeier has ranged from 43 to 84 and averaged 63.
Rainfall for the month of October eleven hundredths of an
inch.
Huntsville, Texas.— There has been no rain the past week.
Aveiage therm mieier 66. highest 93 and lowest 40. During
the mon'll of October the rainfall reached thirty hundreuths
of an inch.
Dallas, Texas.— The weather has been dry all the week.
The tnermon.eter has averaged 60, the highest being 84 and
the lowest 36. Rainfall during the month of October,
seventy-three hundredths of an inch.
San A ntonio, Texas. —There has been no rain the past week.
The th. rmomeier has avrraged 64, ranging fiom 44 to 84.
October r it fall eight hundredths of an inch.
Luting, Tex' s — W e have had no rain all the week. The
thermometer has ranged from 38 to 86, averaging 62. During
the month of October the rainfall was nil.
Columbia, Texas.— T ere has been no rain during the week.
Average thermometer 60, hignest 84 and lowest 36. During
the month •f October the raiutall was nil.
Cuero. Texas. — It has t een dry all the week. The ther
mometer has averaged 65, the highest being 86 and the lowest
44. Rainfall duri g the month of October one inch and
-eighteen hundredths.
Brenham, Texas.— W e have had no rain during the week.
The thermo a eter has averaged 64. ranging from 44 to 84.
Precipitadon during the month of October nineteen hund
redths of an inch.
Belton, Texas.— Dry weather has prevailed all the week.
The tberm> meter has ranged from 36 to 88, averaging 63.
October rainfall nil.
F ort W orth. Texas. — No rain the past week. Average
thermometer 60, highe-t 83 and lowest 38. During the month
of October the rain'all was nil.
W eatherford. Texas. — There has been no rain all the past
week. The tnermometer has averaged 61, the highest being
•83 and the lowest 40. During the month of October the rain
fall was -eventeen hundredths of an inch.
New Orleans. Louisiana.— W e have had no rain all of the
week. The thermometer has averag-d 63.
Shreveport, Louisiana. —Telegram not received.
Columbus, Mississippi.—Very little cotton remains in the
fields. W e have had ram on one day of the week. Average
thermomet r 54. highest 87 and lowest 34.
Leland. M ississippi — There has been no rain all the week.
The therm .m-ter has averaged 57, ranging from 35 to 77.
October rain tall nil.
Little Rock, Arkansas.—The past week has been without
rain and pleasant. Average thermometer 56, highest 78,
lowest 37.
Helena. Arkansas. —Nothing new to report about crops.
There has been no iam during the week. The thermometer
has averaged 55, ihe highest being 74 and the lowest 35. Oct
ober rainfall fif.y one hundredihs of an inch, on four days.
Memphis, Tennessee — The weather has been dry and favor
able all the week tor crop gathering. In fact all through the
month of October the weather was all that could be desired
for picking. The thermom-ter has ranged from 34'4 to 76 4.
averaging 54 6. During the month of October the rainfall
readied sixty-four hundredths of an inch, ou four days.
Nashville, Tennessee.— Telegram not received.
Mobile Alabama. - Killing fr< sts occurred on Sunday and
Monday thi^ughout the interior. There has been no rein
during the ween.
Average thermometer 60, highest 80,
lowest 42. Rainfall for October ei^ht inches and fifty-six
hundredths.
Montgomerg, Alabama.— Picking and marketing continue
uninterrupted. No rain all the week. There have been two
white frosts—not killing. The thermometer has averaged 57,
highest 69 lowest 45
Selma, Alabama — The weather has been bright all the
week and picking is nearly completed. The thermometer has
averaged 56, *nd has ranged from 36 to 76.
Madison, F lorid a.—The weather has bpen very fine for
picking and near ly all the crop has been gathered.
W e have
had no rain during the week. The thermometer has ranged
from 44 to 86, averaging 69.'
Columbus, Georgia.— Picking is nearly completed and the
crop ts turning out shorter than expected. There has been no
rain during the week. Average thermometer 57, highest 73
and lowest 40.
Savannah, Georgia.— W e have had rain on one day of the
week, the rainfall reaching three hundredths of an inch.
The thermometer has averaged 61, the highest being 81 and
the lowest 41.
Augusta, Georgia.— The weather has been clear and pleas
ant all tne week, with light rain oa
one day. the
precipitation being three hundredths of an inch. Killing
frost occurred on Tuesday morning. Ab >ut 90 per cent of the
orop has been gathered and between 75 and 80 per cent mar
keted. Cotton has been comiDg in freely. The thermometer
has averaged 56, ranging from 33 to 80. October rainfall four
inches and fiftv-six hundredths.
Charleston, South Carolina.— There has been no rain all the
week. The thermometer has ranged from 43 to 79, averaging
61. During the month of October the rainfall reached seven
inches and fiftv-one hundred'hs.
Stateburg, South Carolina.— There has been rain on one day
of the wees, the precipitati m reaching twenty-five hundredths
of an inch. Average thermometer 55'4. highest, 77. lowest 33.
Rainfall for month of Octooer four inches and sixty-eight
hundredths.
Wilson, North Carolina. —Killing frost this week. Rain has
fallen on one day of the w e e k , the precipitation reaching one
inch and twenty-four hundredths. The thermometer has av
erage i 53, the highest being 75 and ths lowest 36.
Weld in. North. Carolina.—First killing frost and ice on
Sunday night.
The following statement we have iso received by telegraph,
showing the height of 'he rivers at the points named at
3 o’clock Novemb r 2, 4893, and November 3. 1892.
Nov. *2, ’ 93
Feet.
Sew O rleans. . .
M em phis............
Nashville .........
Shreveport ___ ___A bove low water m ark.
Vlokshur^......... ___A bove low-water mark.
3-6
43
07
* 3
3-5
Nov. 3, ’92.
Feet.
29
20
01
04
E llison ’ s A n n u al C otton R e v ie w foe th e S eason o f
1892-93.— In onr editorial columns will ne found an article in
which we give the figures from Mr. Ellison’s annual review
of the European cotton trade for the season of 1892-93, as
received by us to-day by cable.
taui a Cotton Movement from a l l F orts .— The receipts
snd s tpments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Nov. 2.
BOMBAY REOBIPTR AND SHIPMENTS FOB FOUR SEARS.
Shipmentsthis week. Shipments since Sept. 1
Receipts.
fear Great Conti Total. Great Conti Total. This Since
BriVn. nent.
Week. Sept. 1.
Britain nent.
1893
1892
IS »l
1890
4.000 42.000
3,000 40,000
3.00.J 34 000
3,0o0 18.000
6,000 6,000
1.000 Ll.uOO 12,000
1 000 7.' 00 8.000
6,000 6,000
Shipments for the week.
Great Conti Total.
Britain. nent.
Caleatta—
L393.
1892.........
M *<lras—
1 8 9 3 ___
1392.........
All others—
1893.........
1892.........
T >tai all—
1393 .......
1392.........
1,000
1,000
3.000
2.000
46.000
43. 00
37.000
21,000
8.000
6.000
5.000
7.000
70,000
29.000
68,000
49.000
Sept. i..
Shipments since
Great Continent. Total.
Britain.
2,000
2,000
2,000
1,000
2,000
3.000
4.000
3.000
2,< 00
9.000
10,000
5.000
3.000
14 000
13.000
2,000
1,000
3,000
5.000
1.000
12.000
8.000
14.000
13.000
26.000
21,000
5.000
4.000
3.000
1.000
8.000
6,000
23.000
20.000
20,000
18.000
43.000
33.000
EXPORTS TO EUROPE FROM ILL INDIA.
1892.
4893.
Shipments
toall Europe This
from—
week.
Since
Sept. 1.
This
week.
Since
Sept. 1.
1891
This
week.
Since
Sept. 1.
Bombay...........
i ll other ports.
6.000
8,000
46.000
43.000
12.000
5,000
43.000
38.000
8,000
4.000
37,000
43,000
T otal..........
14,000
89.000
17,000
81.000
12.000
80.000
A l e x a n d r ia Receipts and S hipments .— Througn arrangeaents we have made with Messrs. Davies, Benachi Sc. C o., of
Liverpool and Alexandria, we now receive a weekly cable of
she movements of cotton at Alexandria, Egypt. The following
ire the receipts and shipments for the past week and for the
lorresoonding week of the Drevious two vears.
Alexandria. Egypt,
November 1.
ceoelpts (oantars*). . . .
This w eek___
8iuoe Sept. 1.
1891
1892.
1893.
260,000
1,319,000
300,000
1,538.000
250.000
691,000
This Since This Since This Since
week. Sept. 1. week Sept. 1. week. S~pt. 1 .
Exports (bales)—
iu L iv erp ool............ 10,000
VoC ontinent............ 6,000
Total Europe......... 16.000
34.000 16,000
32,000 6.O0C
66.00
22
73,000 2 4,000
34.000 3,000
92.000
22.000
i 112 000 27.000 114 000
M a n c h e s t e r M a r k e t . — Our report received oy cable to-nigh t
from Manchester states that the market is quiet for yarns and
firm for sheetings. Manuf icturers a e generally well under
contract. W e give the prices for to-day oelo w a n i leave those
for previous weeks of this and last vear for co noarison:
1893.
82# C o p .
Twist.
d.
4
Sp. 29 7% © 7 ^
Oct. 6 7 % © 7 ^
- 13 7316 &
1 H
“ 20-714 ©73»
“ 27 7% ®73t
Nov. 3 7*8 ©73i
1892.
8*4 lbs.
Shirtings.
s. d. «.
5 10 ©7
5 10 ©7
5 10*^ ill
5 IOSj * 7
5 10*3^7
5 10*3©7
O o t t ’n
Mid.
TJplds
32# C o p .
Twist.
8 H lbs.
Shirtings.
fl
d
d.
d.
3 d.
s.
7
4*3 63b
4 1 1 ©6
43* 6*3 ©7*3 5 0 ©6
7
7*. 4U ,« 6*3 ©7 o 5 0 ©6
7*e 4i>,e e»R © 7-% 5 1 ©6
7 hi 4*3
©7*3 5 1*3 ©6
7*4 45g 63i ®70g 5 2 ©6
d.
6
7
7
8
9
9
O o tV n
Mid.
Upldt
d.
4*4
438
4’ l8
4h a
4 1.
THE CHRONICLE.
N ovember 4, 1893.1
S e a I s l a n d C o t t o n M o v e m e n t .— We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Nov. 3) and since
Sept. 1, 1893, the stocks to-night, and the same items for the
corresponding periods of 1893, are as follows.
1892.
1893.
R e c e ip ts to S o c . 3.
T h is
w e ek .
C harleston..
Florida, A c .,
S to c k .
S in c e
Sept. 1.
T h is
w e ek .
S in c e
S e p t 1.
4,974
323
63
20,200
911
411
2,902
407
122
11,341 11,078 5,820
1,715 1,060. 1,183
564 2,357
552
3,365
21.5221 3.431
13,623 14,4951 7,553
1893.
1892.
The exports tor the week ending this evening reach a total
of 3,848 bales, of which 3,302 bales were to Great Britain and
546 to France, and the amount forwarded to Northern mills
has been 35? bales. Below are the exports for the week and
since September 1 in 1898 and 1893.
ir«A- Surfing Not*. 3. S in c e S ept. 1, 1393. j.Vorth'n M ills.
E x p e r ts
fr o m —
G r ea t F r -n e e
dr.
B r it’ n .
S avannah...
Charleston..
F lorid a .......
New Y ork..
Boston . . . . .
Baltimore
3 ,2 0 2
10 0
Total - . . . .
3 ,3 0 2
Total 1-9-2..
907
........
_
T otal.
G r ea t
B rtfn
F r 'n e c
die.
653
5,350
460
.........
1,914
150
301
....... .
3,563
4.603
10 0
10 0
135
*'***'
185 1,434
.........S 150
546
Total. | 1T«*.
10 0
3,«4*
0,307
1,113
7,420
90"
3.273
292
3,505
320 1,172
........
io o
37
276
......................
......................
357
1,544
1.450, 4.414
Q u o t a t io n s —Nov. 8.—Savannah, Florida*, common, 14J£;
medium hue,
choice, 19.
Charleston, Carolina*, medium fine, 25 to 40e., according to
quality.
COTTON CONSCMPTIOS ASP OVERLAND MOVEMENT TO NOV, 1,
T ota l b a le s .
To Antwerp, per steamer Havre, 400 .......................................
400
1,600
To Barcelona, per steamer Conde Wilt redo, 1,6 *0..................
To Genoa, per steamers Borghese, 2,7 33___Comte WilL-edo,
2,000 ........................................................................
4,733
To Naples, per steam er fiorghes 5 4 S ....................................
548
To Salerno, per st -amer Borghese, 1,600 ................................
1,600
iAiVKSTON—To Liverpool, v>er steamers Avoam ore, 6,650___
Benita, 3,587 ...Sam uel Tysaok. 4,481................................. 14,721
To Havre, per steamer Salopia, 6,307........ ................................ 6,307
To Bremen, per steamers Aeon, 5 ,8 5 9 ... Joseph John, 4.825 10,484
Savannah —To Liverpool, per steamer Highflelrf, 6,378 upland
7,157
and 779 Sea Is la n d .........................
To Havre, per steamer L ear, 6,993 upland and 272 Sea
Island.......... ...................................................
7,268
To Bremen, per steamer Slingsby, 9,6 >7 u p la n d ............ ......
9,607
To Baval, per steamers Empire, 5,304 upland and 20 Sea
Island ...S ta g . 5,050 upland......................
10,974
To Genus, per steamers B annock, 5,054 u p la n d ............... .
5,054
Brunsw ick —To L iverp ool.p er steamer A. J. Balfour, 9 ,5 9 8 ...
8,598
Cblarlkston—'To Liverpool, per steamer Sou-tore Head, 6,683,. 6,638
To Havre, per area tier tseechdime, 6,475...............................
6,475
7,917
To Bremen per steam er Abendaua, 7 ,9 1 7 ...................
To Barcelona, per steamer Spanish Prince. 3,2 00.............
3,200
To G n o a . per steamer Spanish Prinoe, 1.100 ....................... 1.100
Wilmikoton — To Bremen, per steamer Tormore, 5.050...............
5.050
No rfo
lk
2,125
_
— —To. . .Ltverpo >
. 1, per steamer
_
. . .Henry Dumoia, 2,115 . . . .
35Q
561
man, 2,419 .'..Catatonia, 1,413 ...N orsem an, 1,118..........
To Yarmouth. per steamer Boston, 6 0 0 . .............
B A t r w c R S -To Liverpool, i*er steamer 8 dgem ore, 2,227...........
To London, per steamers Maryland, 700 . . . Missouri. 2 0 0 ...
To Bremen, per steamer Stuttgart, 4,869.........
To Hamburg, per steamer S «ndu, 1,3 00.........
To Rotterdam. j»-r steamers Delano, 3 0 0 — Venango, 1 0 0 ..
PhT!.si >kli>h u —To U verpool. v*"r steamer Indiana, 194 ...........
To Antwerp, p< r steamer Swluerland, 221...............................
5,480
600
3,227
900
4,809
1,300
400
194
221
Total............................................................
201,500
T h e p a r tic u la r s o f th e s e s h ip m e n ts , a r r a n g e d in o u r uau 1
fo r m , a r e aa fo llo w s :
L ic e r p o o l.
H u ll, B a r r s B r e m e n
T a rL m utm and
and
o th er
m o nth
and
S m th rf Y o k o
M u r- B u m - S . r t h
T o ta l ,
L e ith . *c itie s b u r g . E u r o p e . E tr o p e h a m a ,
Sew Y ork. 1,978 5,927
N, Orleans. 34 330 .» » » * •
11.721
—In ou r editorial colu m n s to-d a y w ill be fou n d o u r usual Galveston.
Savannah.. 7.157
overla n d m ov em en t rep ort b rou gh t d o w n to N ovem ber 1.
775
Bran* wick
Chari* awn.
vum lagt'n
N orfolk..,,
X p't News
Boston. . . .
Baltimore..
PhiladelV,
8.590
0,088
-rV- I * »
897
6,081
H.307
7,268
,
6,173
2,6 70 0,010
7,4 19
40)
10.4 44
9,607 10,974
7,917
200
8,532
200
.........
.........
5 ,0 5 1 .........
_ „ _ r_ .» * » * • .........
4,300 .........
......
____ + ______
........
____ ,
.........
- - - --V
000
400 T.,T____, .........
221 . . . . . . ........
17.881
56.791
31,512
40,060
8,598
25,330
5,050
2,475
561
6,080
9.090
415
We h a v e received this w eek
- T- r -ir ____ f1f 5,050
2,125
310
by cable the results of the operations of the cotton mills in
5.11
5,480
India for the fiscal year ended June 30, 1893. There are aow
3,827
000
6.109
141 spinning and weaving mills in existence, a gain of tw o
191
during the year, and spindles have increased from 3,402.232
800 204,500
Total — 84,059 6,827 27,378 49,346 18,005 18.035
to 8,575,917, while there has been an addition to the loom? of
B e lo w w e a d d th e c le a r a n c e s th is w e e k o f v essels c a r r y in g
2,720, bringing the total up to 28,161 looms. The total figure* c o tt o n fr o m U n it e d S ta tes p o rts , b r in g in g o u r d a t a d o w n t o
compare as follows with those of the previous fourteen th e la test d a te s ;
G aL van oN —To Liverpool Oct. 27 SWam -rs Meranot. 8,875; StratUseasons:
d c r . 8.909 ...O ct- 29 Steamers Golden dross, 7 ,8 2 0 — Tafua,
5,551 ... Nov. 1 Steamers Calvin. 8,752 . . . Nov, 2 -S te a m e r
ntoonsss or i s o i a n m i l l s n c a i x o th e cast f i f t b r n tsars
E a s t I n d ia C o t t o n M i l l s .—
,
T e a r * S ort'a
J u n e 30.
So.
or
utils.
1879........
18“0 .......
50
1 8 8 1 .........
1 8 * 3 .........
05
50
57
S umber
Of
Spindle*.
1.132,701
1.461,590
1.513.09H:
1.B20.311
1.790.389;
2.001,097
2.1 <5.oi-;
2,261,301;
2,421,200
2,139,171.
2,782,519:
;3.274.103l
3,351,00! I
:3,408,232|
H um ber
I
Approximate
o f C o tto n
C a ru u m ed
Sum b r o f
L o o m s . : R tnplm j it
13,013
13,502
13,707
14.172
1 4.373
16,2*12
16.537
17,455
1.8*530
19.406
21,501
23.412
24,531
25.444
1 8 * 3 ......
67
1 8 8 1 ,... .
79
1885........
87
1 8 8 8 .......
95
1 3 *7 ........
103
1 8 8 8 ,.......
m
1 8 *0 .......... . m
1 8 ;> o............ 137
1891............1134
1998 . . . . . . . 139
1393........ : 141 I3.575.0l7l 2 8 ,1 6 t
K ite s o f
I
,
42,014
44,410
4*1,430
48,407
53,17*1
60,397
67.1*0
74,383
7*1,042
88.307
91,599
. 102,721
1 11,018
1 118.101
121.601
:
9 3 0 ,5 4 7
i 1 ,0 7 0 ,7 0 9
1 .3 3 0 ,4 0 1
1 ,3 9 1 ,4 6 7
i 1 ,5 9 7 ,0 4 * 5
i 1 .8 5 0 ,7 7 7
. 2 ,0 8 8 ,0 2 1
2 .7 5 1 ,2 1 4
2 ,5 4 1 ,9 0 3
2 ,7 5 0 .9 7 0
3 ,1 1 0 .2 .8 0
3 ,4 2 9 ,0 1 7
Oats.
M i l l , ,.
, 2 6 '.5 8 5
i 307.631
■ 378,989
i 397.502
! 450,450
j 531.384
890.719
; 013,204
726,270
787.420
898,654
'1.009,462
4,120,171 1.170tsi06
4 ,0 8 0 ,7 8 3 11,105,938
4.0O-.520 1,171.008
It will be noticed that there has been a slight increase in
the consumption of cotton during the year, but there is
nevertheless a falling off from 1891.
J u t e B c t t s , B a g g i n g , & c . — T h e m a r k e t f o r ju t e b a g g in g
h a s r e m a in e d q u ie t d u r in g th e w e e k u n d e r r e v ie w , b u t p rices
h a v e ru le d ste a d y at 4$$c. fo r \ % lb s., So. fo r 2 lb s. an d o i f c .
fo r 3 * 4 lbs. J u te b u tts c o n t in u e v e r y q u ie t a t l j ^ c . fo r p a p e r
gT ades a n d 1%<8i 2 c . fo r b a g g in g q u a lity .
S h i f t i n g N e w s .— T h e e x p o r t s o f c o t t o n fr o m t h e U n ited
B tates t h e p a st w e e k , a s p e r l a t e s t m a i l r e tu rn s, h a v e re a ch e d
S >4,500 ba les.
_
T ota l
ft****,.
N «w Y o r k —T o Liverpool, pi-rateamerCnflc, 1 ,9 7 8 .............. .
1.9*8
To Hull, per Steamer Galileo, 2 .9 1 1 ........................................... 2,911
To Lei h, per steamer CForaa. 1,894.......................................... 1,994
T o Havre, pet steamer La Champagne, 712 upland and 144
8e» Island
............................. ................
897
To Bremen, per Ateamers Alter, 589 .. . America, 1 .8 1 1 ....
Elbe, <20........................................................................ .............. 2,629
To Hamtmr*. per steamer M irsala. 5 0 ....................................
50
To Rotterdam, p er steamer WerkeiidAtn. 7 0 0 ..... .................
700
To Antwerp, pot Ateainers Galileo, 350 ...H erm an n, 1,475
— Western land 2,18.5.....................................................................
4,010
......
To Oothelibnrg, persteom e* Virginia. 1 .3 0 0 ........................
1,300
To Naples, per ream er* Ht-aperls, 199___ Kronprinr. Erie 1rtott M utuum , L . .................................................. ............. . . . . . . . .
200
To Yokohama, per steamers Ben Lomond, l o o ...G u lf of
Genoa, 1- o .......... ....................................................................
200
Ni A Orleans - To Liverpool, per steamers Astronomer, 7,15*3
Darien. 6.870— Granin, 7 ,l o o ___Louisianian, 8,810___
Vesta, 6.000............................................................. . ............... 34,330
To Havre, per steamer Havre, .;,* s i ................................... .
8,081
To Bremen, per steamer Terra, 5,749........................................
5,749
To Hamburg, per steamer K-jhrwei er, 1 ,7 0 0 ...... .................
1.700
Whitehall, 6.900.
To 1, -niton—Oct. 2 9 -9 te * m M New York City. 200.
To Hamburg O ct 27 Steamer Kingdom 251.
To Royal—O t 3 -S team y Springfield, 5,823
S * w O rlkans —To l.iv ir p o d -Oct 27—Steamer Nioeto, 5.1 50— Out.
2 8 —Steamer*
2.700; Hugo, 5,23>; Traveller, 6,600 . . .
Oct. 30 - Steamer Frofeamr. 6 , 1 0 ) ___N jv . 1 -S team er Pallas,
8 ,9 0 )___Nov. 2 -S team er Texan, 6.590.
To tlavrw -O at 27—Steamer Notncrby II <11. 9,050 -----Oot. 30—
6!e>mer Cape Ootatso, 5,472 ...O ct. 31—Steamer Teuoer, 5.716
....N o r . 3 -S tea m er Iran, 9,990.
To Bremen -O c t. 2* -Steamer Rotncrfeld, 6,000— Nov. 2 -S team er
Knight Templar, 10.450.
To Genoa—O c t 31—Steamer Elsie, 2.551.
To Trieste - O c t 31—Steamer Elsie, 245.
Savannah — ro Liverpool —O c t 30 -Steam er Inohlsls, 5,806 upland and
3.202 Sea Island.
To Havre- Oot. 31-S tea m er A/.»I-a, 4,054 upland and 301 Sea
{•land.
Charleston —To Liverpool - O o t 2—Steamer Pedro, 7,834 u plant and
100 Sea I*land.
To Barcelona—Nov. 2—Steamer Norman Prince, 2,030.
Port R o ta l To Liverpool Oct. 30—Steamer 51 lyfleld, 7,200.
Wjlminoton - T o Liverpool—Oct. 3 1 -Steam er Sohleimlllon, 4,275----Nov. 2 Steamer Leando*. 10,092.
No rfo lk —To Liverpool—(M . 2 7 -S team er William Storm, 6,906.
Boston —To L iv erp ool-O rt 2 4 -S tea m er (looretail, 900 ...O o t, 27 —
Steamer Michigan. 1,418.......Oct. 30 Steamer Ottoman, 1,712.
To Yarmouth Oct 27 -Bteatner Yarmontb, 232 ..O u t 31 -S team er
Yarmouth, 200.
Baltimore - To Liverpool Oot. 2 1 Steam er Barrowmore, 2,338.
To Havre—Nov. 1—Steamer Prodano, 6 K>,
To Bremen—Nov. 1—Steamer H. H. Meier, 6.055.
To Rotterdam - O o t 27—Steamer Ohio, 500.
PHlLAiiKLFitiA—To Liverpool—O o t 3 1 -ste a m e r Brltldi Princess, 813.
C o tt o n fr e ig h t s th e p ast w e e k h a v e b e e n aa fo llo w s :__________
Nofur.
Mm.
Tuts.
Wsdnes. T hun,
FH.
Liverpool, bid___ d
211 8
21m
8
s l t26
2i II8
....
....
Do
asked d.
riB<
“ *4
»94
*37
*«
37
V
Havre, reg line rf
37V
3 7 »*'
3
7
V
37 V
„ „
....
....
....
....
Do outside str.rf
....
Bremen, steam, .d.
SSS
»*a
633
»sa
632
....
...
Do
later...rf.
....
....
....
....
Hamburg, steamd.
Hu
%2
5.13 eft4® S32
s33
....
....
....
Do
later -d.
....
....
....
Ams’dam, steam.c.
35*
35"
3 t» 3 5 * 3 4 ® 3 5 ‘ 31935* 34® 35*
..
... ....
Do
later., c.
....
Reval, via Leith d. ri » n 3 $1 0 « 11S2 51S®1133 h t a l l 3S 51*®U 32
..
....
....
....
Do via Hull rf.
....
...A
B'lona, d ire ct...d .
7ss
’ 32
7*3
7»S
73$
’ S!
Genoa, steam ...rf.
he
ho
he
3ie
3IS
Trieste, Indirect.rf, i n S |:ij ! 1[ w S n s) b1 « * u »2 slf l* U :i3 6in » u 32 5i e * u st
hi
Antwerp, steam .rf. 1e a»e 4
8m
9s*
• Cents per 10*5 lbs.
THE
776
C H R O N IC L E .
L i v e r p o o l .— By cable from Liveroool we have the following
«tatement of the week’s sales, stocks, & c., at that port:
Sales of the week............ bales.
Of which exporters took . . .
Of which speculators took ..
Sales American.............................
Aotual export................................
Forwarded......................................
Total stock—Estim ated.............
Of wlileb American—Estim ’d
Total import of the week.........
Of which A m e ric a n ...............
Am ount afloat.............................
Of which Amerioan.................
Oct. 13.
Od. 20
Oct. 27.
60,000
1,000
1,000
50,0 0 0
6,000
57,000
846,000
660 ,0 0 0
27,0 0 0
20,000
100,000
9 0 ,0 0 0
90,0 0 0
4 ,000
3 ,000
7 9 ,0 0 0
7,000
7 3 ,0 0 0
806 ,0 0 0
634,000
39,000
35,0 0 0
130 .0 0 0
120,000
54,0 0 0
2,800
1,000
4 7 ,0 0 0
3,000
70,0 0 0
769,000
599 ,0 0 0
36,000
24,0 0 0
2 1 5 ,0 0 0
205 ,0 0 0
.Yob. 3.
Saturday Monday. Tuesday.
Fair
Market, ) In buyers’ business
favor.
1 :4 5 p . M .j
doing.
M id.Upl’ ds-
4*2
Spec. & exp.
6,000
500
Wednes. TKursd'y. Fridav
Steady.
Firm.
Harden’?.
49ie
49ie
4 9is
4 9is
10,000
500
8 ,0 0 0
500
12,0 0 0
500
10,000
500
Fair
business
doing.
10,000
500
Futures.
Qaiet at Steady ai Steady at Steady at Steady at 8teady a1
Market, ? 1-04
@ 2-64 2-64 @3-64 2-64 @ 3-64 2-04 ad- 1-04 @ 2-64 3-04 ad
1 :4 5 p .
vance.
vaace.
decline. advance. decline.
advance.
Market, ?
4 P. M. j
Steady.
Quiet.
Steady.
Steady.
Steady.
Steady.
The opening, highest, lowest and closing prices of futures
Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
at Liverpool for each day are given below.
f y The prices are &iven in pence and 6 4 the.
4 63-64d. and 5 01 means 5 l-6 4 d .
S a t., O ct. 2 8 ,
M on ., Oct. 3 0 .
T h u s: 4 63 means
T u n . , O ct. 3 1 .
Op«n High Low. Olos. Open High Low. Ol08. Open High Low. Oio.
October......
Oct.-Nov....
Nov.-Dee..
Dec.-Jan—
Jan.-Feb__
Feb.-Mch...
Moh.-April.
April-May..
May-June...
June-July..
d.
4 25
4 23
4 22
122
4 23
4 25
4 20
4 28
4 30
4 32
d.
4 25
4 23
4 22
4 22
4 23
4 25
4 27
4 29
4 30
4 32
d.
4 25
4 23
4 22
4 22
4 23
4 25
4 20
4 28
4 30
4 32
d.
4 25
4 23
4 22
4 22
4 23
4 25
4 27
4 29
4 30
4 32
W e d ., N ov . 1 .
d.
4 29
4 27
4 26
4 20
4 27
4 29
4 31
4 32
4 31
4 36
d.
4 29
4 27
4 28
4 27
4 28
4 29
4 31
4 33
4 35
4 36
4.
4 28
4 28
4 25
4 26
4 27
428
4 30
4 32
4 34
4 30
d.
4 29
4 27
4 26
4 28
4 27
4 29
4 31
4 33
4 34
4 30
d.
4 26
4 25
4 21
4 25
4 26
4 27
4 29
4 31
1 33
4 34
T h u r i ., Nov* 2 .
d.
4 27
4 25
4 25
4 25
4 20
4 28
4 29
4 31
4 33
4 35
d.
4 20
4 25
4 24
4 24
4 25
4 27
4 29
4 30
4 32
4 34
d.
4 27
4 25
4 24
4 25
4 26
4 27
4 29
4 31
4 33
4 35
d.
4 27
4 20
4 26
4 27
4 29
4 31
4 32
4 34
4 3d
4 38
d.
4 28
4 27
4 27
4 28
4 29
4 31
4 33
4 35
4 37
4 39
d.
4 20
4 25
4 20
4 27
4 29
4 30
4 32
4 34
4 36
4 37
d.
4 27
4 26
4 26
4 27
4 29
.4 31
4 32
4 34
4 36
4 38
d.
4 30
4 29
4 29
4 30
4 32
4 33
4 35
4 37
4 39
4 40
d.
4 30
4 29
4 29
4 30
4 32
4 34
4 30
4 37
4 39
4 41
d.
4 30
4 29
4 29
4 30
4 32
4 33
4 35
4 37
4 39
4 40
d.
4 30
4 29
4 29
4 30
4 32
4 34
4 36
4 37
4 39
4 11
d.
4 33
4 32
4 32
4 33
4 33
4 37
4 38
4 40
4 42
4 44
d.
4 34
4 33
4 33
4 34
4 30
4 37
4 39
4 41
4 42
4 14
d.
d
4 33 4 34
4 32 4 33
4 32 4 33
4 33 4 34
4 35 4 38
4 37 4 37
4 33 4 39
4 40 4 40
4 42 4 42
4 43 4 44
B R E A D S T U F F S .
F
r id a y ,
D A I L Y CLO SIN G P R IC E S 0 7 N O . 2 B E D W IN T E R W H E A T .
market exporters have been good buyers and prices have ad
vanced a trifle. The sales yesterday included No. 2 mixed at
46%<g47c. in elevator and 47% @ 47% c. delivered. To-day the
market opened at a slight decline, but later rallied and ad
vanced on buying by the W est. The spot market was ne
glected. No. 2 mixed was quoted at 47J^c. in elevator and
47%@48c. delivered.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
Mon.
Wed. Thurs.
Tues.
46%
November delivery. ___0. 46 ?8
46%
46%
46%
December delivery.,
47%
47^
47%
471s
47 %
493a
49%
May delivery............
49
49 %
49*6
November 3, 1893.
The markift for wheat flour during the past week has been
slow ; buyers have reduced their bids in consequence of a de
cline in wheat values, but Western millers were not disposed
to grant concessions, owing to the nearness of the close of lake
navigation and for fear of an advanc e in rail freights. Rye
flour has continued quiet, but prices are quoted unchanged.
Buckwheat has further advanced on limited supplies and
favorable weather. Business has been limited. Coinm eal has
been in light request, but choice grades have been firm, owing
to scarcity.
To-day the market for flour was quiet but
steady, except for spring patents, which were offered at a de
cline.
Early in the week the market for wheat futures was a trifle
stronger on the pending repeal of the siiver bill by the Senate,
but later when the repeal bill had been passed prices made a
moderate decline under free selling by “ longs” to realize
profits. A liberal crop movement at the Northwest and a
material increase in the visible supply also had a depressing
effect upon values. In the spot market there was a moderate
demand from exporters during the latter part of the week at
easier prices. The sales yesterday included No. 2 canal red win
ter 68@68J^c. delivered. To-day the market was easier during
early change in response to weaker advices from the W est,
but subsequently buying by “ shorts” to cover contracts caused
the loss fo be recovered. The spot market was quiet, but
Fri.
46%
47 5s
49%
Oats for future delivery have followed closely after wheat
and corn ; being a trifle stronger on the first two days of the
week on the favorable prospects for the repeal of the silver
bill, but subsequently eased off a trifle under realizing sales
by professional traders. In the spot market there has been a
moderate trade but at irregular prices ; mixed grades have
advanced slightly but white grades have declined. The
sales yesterday included No. 2 mixed at 34%@35c. and No. 2
white at 36j^c. To-day the market was fairly active and
higher on buying by “ shorts ” to cover contracts, stimulated
by predictions of a falling off in the crop movement. The
spot market was active and higher. The sales included No. 2
mixed at 35@35}£c. and No. 2 white at 36%c.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Sal.
Mon.
Wed.
Thurt.
Tues.
34%
November delivery....
35
34%
31 %
34%
December delivery..., . . . . 3 5 %
35%
35 %
35*8
35!8
37
37
36%
May delivery................
36%
3 6 7e
F ri.
35%
35 %
37
0
Rye has continued lifeless and is quoted nominally un
changed. Barley has been without change and quiet.
The following are the closing quotations.
F LO U R .
F i n e ........... .. .1 ) b b l.$1 7 5 ® $ 2 10 Patent, w in te r..— . . . $3 5 0 a $ 3 70
1 8 5 ® 2 25 City mills extras____ _ 3 6 5 ®
_____
luperflne......... ..
Extra, No. 2 ............... 2 0 0 ® 2 50 R yeflonr.superflne..
2 7 5 ® 3 10
Extra, No. 1 ............... 2 2 0 ® 2 75 Buckwheat flour.. . . .
2 4 0 ® 2 50
Clears................. ..
2 3 0 3 3 00 Corn meal—
Itraikhts.................. ..
3 00® 3 70
W e s t e r n ,A c ........ 2 6 5 9 2 7 5
’ atent, s p r i n g ........ 3 8 5 ® 4 20
Brandywine____. . . .
2 SO
IWheat flour in saokg sells at prloes below those tor barrels.]
F r l., N ov. 3
Open High Low. Olo». Open High Low. Ol08. Open High Low. Olo>
November..
Nov.-Dee...
Dec.-Jan__
Jan.-Feb..,.
Feb.-Mch...
Mch.-April.
April-May..
May-June..
June-Juiy..
July-Aug...
steady. The sales included No. 2 red winter at lc. under Dec.
delivered and % c. under Dec. f. o. b. afloat; also No. 2 hard
winter at 2}^c. under Dec. delivered.
Sat.
Mon.
rues.
Wed. Thurs.
Pri.
5 7 ,0 0 0 November delivery......... o. 7 0 % 7 0
63
6758
6 7 7s
67 %
2 ,4 0 0 December delivery_____ o. 7 1 7a 7 1 %
69%
69
69%
69%
1,300 January delivery............. e. 7 3 % 7 2 %
71
70%
7 0 % -7 0 %
49,0 0 0 February delivery..........c. 7 4 %
.......................................
72%
72
9 ,000 March delivery.................o. 7 6 % 7 5 %
73 %
73%
73 %
73%
6 5 ,0 0 0 ' May delivery...................... o. 7 8 % 78
76
75%
75%
76
750 ,0 0 0
The
market
for
Indian
com
futures
made
a
fractional
ad
58 2 ,0 0 0
54,0 0 0 vance in the fore part of the week on the expected repeal of
42,000
the silver bill, but later eased off a trifle with wheat, and
2 9 5 ,0 0 0
In the spot
2 8 5 ,0 0 0 under some selling by longs to realize profits.
The tone of the Liverpool market for spots and futures eac b
day of the week ending Nov. 3, and the daily closing prices
Of spot cotton, have been as follows:
Spot.
[Y ol. l v i i ,
G R A IN .
Wheat—
8 Drlng, ner b u sh .. .
tied winter No 2 . .
Red winter............
White........................
Oats—M ix e d ..$ bn.
W hite.....................—
No. 2 m ixed...........
No. 2 white.............
c.
64 ft
63 ft
58 ft
60 ft
34% ®
36 ft
35 ft
36% ®
c.
74
69
70
70
£6 %
41
36
37%
Com , per bush.—
West’n m ix e d . . . . .
No. 2 mixed . . . . . .
Western y e llo w ...
Western white........
R yeWestern, per bnsh.
State and Jersey..
Barley—N o.2West’n.
8tote 2-rowed........
State 6-rowed____
c.
49 %
48%
c.
46% *
47% 9
ft
49 ft
51
54
50
65
56
55
66
..
ft
ft
ft
ft
ft
..
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange.
W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Oat. 28, 1893,
and since August 1, for each of the last three years:
Receipts at—
Flour.
Wheat.
Com.
Oats.
Barley.
Rye.
Bbls.imb* Bush.QO lbs Bush.bQ lb* Bush.32 lb* Bu8hA8 lb Bu.56 R
76,397
7S2,370
35,110
083,537 2,485,191 1,904,779
Chicago ...
30,0 0
27,300
417,300
25,350
183,000
874,011.
Milwaukee..
169,715 1,810.050
..
Duluth.
1,982,640
...
Minneapolis.
299.800
2,200
117,700
3,200
8,90'
Toledo........
182 394
11,513
4,949
31,769
Detroit.......
55,777
35,000
0,509
10,000
45,000
2,000
Cleveland...
2,000
23,100
407.037
399,9.*5
119,250
12,000
St. Louis....
265,760
28,200
8,000
64.40C
9,000
Peoria.........
281,451'
481,800
301,065
Kansas City.
19,783
5,383
Tot.wk, ’93.
Same wk,’92.
Same wk,’91.
Since Aug. 1.
1893.........
1892 ........
1891...........
317,071
417.10J
286.604
0,276,623
8,900,704
8,383,849
3,371,233
3,200,739
1,463,093
2,950,392
2,258,811
2,890,105
1,854,143
1,051,563
1,239,827
92,510
369,033
462,149
1,205.440 63,248.211 44,830,570 42,520.176 9,216,117 1,098,034
1,592,700 104,310,854 37,352,944 37,679,293 9,261,410 3,618.049
3.155,074 90.913,069 27,508,933 33.342,019 10,372,839 9,270,125
The receipts of flour and grain at the seaboard ports for tl e
week ended Oct. 23,1893, follow:
Flour,
Wheat,
bush.
A tbbls.
New York. .1 6 1 ,4 0 3 1,4 0 3 .3 0 0
271,946
Boston........ .. 81,439
127,690
M ontreal.. . 20,508
36,1 2 7
Philadelphia. 66 ,2 *0
157,188
Baltimore.. . 84,431
9,704
Richmond . . .
4.100
24,620
New Orleans. 12,423
Oorn,
bush.
724 ,0 0 0
2 8,517
172,771
3 23,168
216,985
7,170
39,738
Oats,
Barley,
bush.
bush.
6 6 2 ,1 5 0 102,175
4,710
168,760
106,648
700
1 31,132 29,600
91,544
7 ,242
Tot. w eek ..4 3 0 ,5 7 4 2 ,030,575 1,7 2 2 ,3 4 9 1,167,476 137.185
Week 1 8 9 2 ..4 6 4 ,8 7 5 3,4 9 3 ,3 1 8 1 ,8 9 5 ,8 :3 1,554 846 220,458
Rye,
bush.
1,220
600
11,073
11,4,89
14,382
31,S39
THE CHRONICLE.
N overber 4, 1893,]
777
The exports from the several seaboard ports for the week
ending Oct. 3$, 1893, are shown in the annexed statement:
C o t t o n G o o d s ,— A steady day-to-day business o f limited
dimensions has been doing in brown sheetings and drills.
Four-yard sheetings are comparatively best sellers on home
Rxport*
trade account and are firm at 4t£c. to 4?£c. Standards are
Flour.
Rye.
Corn.
Oats,
Peas.
Wheat,
from—
firm at 6b£c. and three-yard sheetings at 5J^c. to ■>'4c. for
Bush.
Bush,
Bbls.
Bush.
Bush.
Bush.
best makes. Bleached shirtings are in best request for low to
1 0 0 .7 4 5
1 0 3 .6 4 2
7 0 ,5 2 4
3 ,2 1 0
Sew York 5 3 0 ,3 7 2
medium grades at steady prices, the finer makes being in de
3 3 ,6 1 6
1 ,2 5 0
1 7 0 ,1 2 6
B oston...
9 7 .0 9 0
cidedly quiet request, Wide sheetings quiet and unchanged
1 9 1 ,4 2 3
6 ,7 9 3
1 2 3 ,1 4 5
1 0 9 ,7 1 2
1 1 ,3 9 3
Montreal
3 5 ,2 5 0
throughout. Kid-finished cambrics firm in sympathy with
2 3 .5 9 1
4 9 .0 0 0
Fhlladel.
4 2 .8 1 0
3 4 ,9 4 4
1 2 6 ,9 5 0
2 3 9 ,8 0 0
Baltim're
grey cloths and occasionally sold ahead. Silesias and other
_____
375
39
3 4 ,1 2 8
N .O rl’ na.
1 3 9 ,0 0 0
linings quiet. Denims, tickings, plaids, colored duck and
, __ TT
.. . . . .
307
4 2 ,3 5 7
S . News.
...___
other colored cottons sell better to cutters and for export than
6 .4 4 7
Norfolk.
Portland.
to jobbers and are still on a low-price level. White goods,
quilts, table damasks. &c., are unaltered. Fall prints are
2 1 7 ,1 6 4
2 3 9 ,9 0 2
7 5 1 ,4 9 3
1 1 7 ,9 2 2
Tot. week 1 ,0 6 8 ,6 6 0
still scarce, with a moderate demand, while indigo blues and
B'me time
2 9 1 .8 7 9
3 3 ,7 1 1 1 4 0 ,1 0 9
9 1 ,9 9 0
9 4 1 ,9 3 3
1 8 9 2 . . . 1 ,9 0 7 ,3 5 2
shirting prints are occasionally soid ahead. Some fair or
The visible supply of grain, comprising the stocks in granary ders have been taken for fine printed specialties and tissues
at the principal points of accumulation at lake and seaboard for spring. Ginghams have ruled slow in dark work, with
the spring demand still lagging. Print cloths have beau firm
porta, Oct. 28, 1893:
all week, with a fair business doing, closing with 3 13-100,
W h e a t,
Cam ,
Oalt,
Rye,
Barley,
bid for 01 squares.
bush.
bush
busk.
I n store a t—
b a sh .
b u sh .
!
1 OGi?
1 ROT
H e w Y o r k ............ 1 6 ,9 3 5 .0 0 0
3 9 7 ,0 0 0
D o a f lo a t ....
239 ,oO O
1 6 0 .0 0 0
A l b a n y ...........................................
-15,000
B u ff a l o ................... 3 ,3 3 3 ,0 0 0 1 ,0 6 3 ,0 0 0
C h i c a g o .......... . .. 1 8 , 9 8 5 , 0 0 0 2 ,0 1 0 ,0 0 0
7 s 7 ,0 0 0
...............
M ilw a u k e e ...........
D u lu t h ................... 4 , 9 5 6 ,0 0 0
...............
T o l e d o ................... 1 ,0 1 7 ,0 0 0
2 4 3 .0 0 0
D e t r o i t ................... 1 ,2 0 2 .0 0 0
5 .0 0 0
O s w e g o .................
2 2 .0 0 0
9 0 .0 0 0
Bt. L o o t s — . . . . 5 ,1 7 4 ,0 0 0
9 3 .0 0 0
12.000
C in c in n a t i......
7 ,0 0 0
B o s t o n ...................
t t l.0 0 0
4 0 3 .0 0 0
T o r o n t o .......... ..
1 1 2 ,0 0 0
M o n t r e a l .............
6 1 7 ,0 0 0
"2 ,0 0 0
5 0 9 .0 0 0
P h ila d e lp h ia ,...
6 2 6 ,0 0 0
1 1 3 .0 0 0
P e o r i a ...................
9 4 .0 0 0
I n d ia n a p o lis ....
2 3 0 ,0 0 0
1 7 .0 0 0
K a n s a s C i t y ___
5 1 1 ,0 0 0
1 9 .0 0 0
3 9 2 .0 0 0
B a lt im o r e ............ 1 ,0 2 9 ,0 0 0
M i n n e a p o l i s ----- 8 ,1 3 0 ,0 0 0
5 .0 0 0
O a M is s is s ip p i...........................
O n L a k e s . . . . . . . 1 ,9 3 3 ,0 0 0 2 .3 2 LOOO
O n e a n a n k r iv e r 1 ,4 9 8 .0 0 0
6 5 8 .0 0 0
1 .7 6 5 .0 0 0
3 7,0 03
6 5 .0 0 0
5 9 7 .0 0 0
7 9 2 .0 0 0
1 3 .0 0 0
.............
4 5 .0 0 0
5 2 ,0 0 0
3 ,0 0 0
5 ,0 0 0
2 3 ,0 0 0
2 1 6 ,0 0 0
2 3 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
..............
7 0 ,0 0 0
.............
4 61 ,0 0 '2 5 1 ,0 0 0
2 7 2 ,0 0
139,000
.............
S tock o f P r i n t O l o t h s O ct 2 8 .
H e ld b y P r o v i d e n c e m a n u f a c t u r e r s . 1 9 5 ,0 0 0
.............3 3 1 .0 0 0
F a ll B l v e r m a n u f a c t u r e r s
Total stock ( p ie c e s ! ......................... 5 4 6 ,0 0 0
O ct. 2 9 .
N one,
N one.
O et. 3 0 .
2 0 0 ,0 0 0
3 3 5 ,0 0 0
N one.
5 3 5 ,0 0 0
—There has been no improvement in
the demand for clothing woolens of any description, and the
23.000
3,000
81,00
..............................
80.000 market is entirely without new feature in this department.
1 5 2 .0 0 0
6 ,0 0 0
1 5 .0 0 "
Buyers show no disposition to enlarge their purchases as yet,
3 1 .0 0 0
1 1 ,0 0 0
23,0 00 even for spring goods, although from the small percentage of
..........
20.000
12.000
1 ,000
3 3 ,0 0 0 previous s -ason’s business done up to this time, there ought to
107.000
43,000
5-1,00
be a considerable demand yet to come forward even under
1 14 .00 0
................................... continued unfavorable trade conditions.
Prices are very
2 4 0 .0 0 0
1,000
..............
irregular for balances of heavy weights, aad as previously
6 0 ,0 0 0 2 ,0 0 0
__________
reported 7!<j to 10 per cent lower for spring weights than last
1 6 ,0 0 0 11,000
...................
2 3 1 .0 0 0
2 9 .0 0 0
...........
re .r in b >th all-wool and wool and cotton makes. The de
4 7 ,0 0 0
8 ,0 0 0
173 ,00 0
mand for dress good* for spring has improved slightly, with
8 ,0 0 3
...................................
agents ah twing fuller lines of new style*. Flannels aud
8 9 1 .0 0 0
5 0 .0 0 0
7 0 1 .0 0 0
9 3 ,0 3 0
2 0 5 ,0 0 0
blanket* are re-ordered with a little more freedom but shawls
------—--------- -— —---------T otals —
and carpets are still inactive,
5 2 2 .0 0 0 2 ,7 1 0 ,0 0 0
O e t, 2 8 , 1 8 9 3 . . 6 9 ,3 2 8 , 0 0 0 9 ,1 7 5 ,0 0 0 5 .2 7 4 .0 0 0
Foae t a s D r y G o o d s —There has been more interest taken
O c t . 2 1 , 1 8 9 3 .. 6 6 , 9 7 0 , 0 0 0 9 , 5 8 9 ,0 0 0 5.21-sQOO
4 5 8 ,0 0 0 2 ,3 3 3 ,0 0 0
O c t . 2 9 . 1 8 9 2 . . 6 1 ,6 3 5 .0 0 0 1 3 , 2 9 1 ,0 0 0 8 .4 8 5 .0 0 0 1 ,0 1 8 ,0 0 0 2 ,3 0 1 ,0 0 0
in the special auction sales of dress good-, silk handkerchiefs
O e t. 3 1 , 1 3 0 1 , . 3 0 ,2 3 1 ,7 5 9 3 ,0 5 2 ,4 7 5 4.18 9,145 2 ,5 1 9 ,7 5 9 3 ,1 7 5 ,1 1 1
and holiday novelties than in regular business in seasonable
N or.
1. 1 9 9 0 .. 2 I . 2 J 5 . 3 3 1 7 . 0 1 7 ,3 3 5 4 ,1 6 1 ,0 5 7
7 1 7 , 3 i l 4 ,8 4 6 870
goods, the demand for the latter proving limited throughout.
Dress goods and silks for spring have been in somewhat better
request. An important event this week has been the resigna
THE DRY GOODS TRADE.
tion by John L. Bremer & C o. of the selling agency for the
N *w YOH*. Friday, P, M ., November 3 ,1 8 9 3 ,
Amoekeag Manufacturing Company. Arrangements have
The market has not yet responded in any marked degree to just been concluded whereby the account will pass into the
tbepasaage of the repeal bill so far as the amount of home care of some of the New York members of that, firm most
closely identified with the handling of it in this market.
business doing is concerned. The demand for all me*rchandise I m p o r t a t i o n * a n d W a r e h o u s e W i t h d r a w a l * o f D r r O o o d * .
for current consumption continues limited to positive re
The importations aad warehouse withdrawals of dry goods
quirements, no disposition at all being shown to go ahead of at this port for the week ending Nov. 2, and since Jan. 1,
these. The day-to-day takings, however, still appear to keep 1898, and for the corresponding periods of last year are as
pace with production, as no accumulation of stock-, is follows:
visible in any direction. In brown good* and in some makes
of colored goods this condition is contributed to by a wellSUttamed demand for export, a number of considerable en
gagements foT both immediate end future shipment being re
ported. Some makes thus affected are sold ahead, and on
further orders the best placed agent* are endeavoring to ob
tain some advance in price. There has been no quotable
change in prices in any direction, anti, as of late, any occa
sional symptom of weakness in scmo quarters is counterbal
anced by a hardening tendency in otht nt, The tone of the
market is dull, but concerning the future more confidence is
expressed with the removal o f the silver bug-bear. Tariff con
siderations will play a prominent part still in the departments
most liable to be affected by revision, but in others a steady
expansion of buying on spring account is looked for. So far
the spring business is in an exceedingly backward condition.
Collections have been favorably reported upon in both the
cotton goods and woolen goods departments, a much easier
feeling regarding customers’ liabilities prevailing in the latter.
D o m e s t i c C o t t o n G o o d s . — The exports of cotton goods
from this port for the week ending October 81 were 3,545
packages, valued at * 1 8 9 ,3 0 3 , their destination being to the
points specified in the table below:
S e w Yo b s
to
1893.
1892.
W eek. S in c e J a n . 1.
W ee k . S in e s J a n 1
0< t. 31.
Great Britain.........................
Other European....... ............
I n d ia ,,...................................
Arabia....................................
A frica .. . . . . . . . . . . . . . . . .
Went tBd&M.............
M exico ............................
Centra! h t i w r i m , _______
BonUt A m e r ic a ..... . . . . . . . . .
Other ooontrl**.....................
57
28
385
3
660
537
31
33
1 ,1 8 7
41
4 ,1 1 8
1 ,3 9 9
2 7 .1 5 7
6 ,5 3 9
312
6 .1 2 9
1 6 ,5 9 1
2 ,0 6 1
4 ,0 8 8
4 2 .7 0 1
2 .2 7 5
10
177
51
491‘
•4,702
1 ,4 3 0
6 3 ,7 2 '9 ,3 1 8
12.675
282
51
90
1 ,3 0 4
103
6 ,9 6 0
1 3 ,7 0 6
2,663
5 ,3 4 0
3 9 ,4 4 1
2 ,4 0 4
Total
Chib*, via V a n cou v er....,
3 .3 4 5
1 2 2 ,9 3 0
3 1 ,5 9 1
| 2 ,5 2 9
1 0 3 ,5 6 9
1 7 ,7 7 1
__ T ota l..................................
3 ,5 4 5
1 5 4 ,5 2 1
I 2 .5 2 9
1 8 1 ,3 4 0
The value of the New York exports since January 1 fcftJ
been *7,374,804 in 1393 against *8,414,303 in 1392,
»
D o m e s t ic W
oolens.
778
S
tate
THE
and
term s
C
of
it y
D
C H R O N IC L E .
eeantm ent
s u b s c r ip t io n
.
.
C o m m e r c ia l a n d F in a n c ia l C H R O N I C L E
ta in s 4 0 to 6 4 pages published every week.
con
S t a t e a n d C ity S u p p l e m e n t of C H R O N I C L E c o n
tains IS O pages published periodically.
I n v e s t o r s ’ S u p p l e m e n t of C H R O N I C L E (a Cyclopawl ia of Railroad Securities) contains 1 6 0 pages published
every other month.
Subscription to CHRONICLE for one year S I 0 . 0 0 ,
which includes every issue of both S u p p l e m e n t s .
T h e p u r p o s e o f t h is S t a t e a n d C it y D e p a r t m e n t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence if every Subscriber will note in his S u p p l e
m e n t on the page designated at the head of each item a
reference to the page where the item in the C h r o n i c l e can
be found, he will at all times possess a complete and fresh
•yclopsedia of information respecting Municipal Debts.
N E W Y O R K O i l Y A P P R O P R IA T IO N S FO R 1S94The Board of Estimate of New York City at a special meet
ing this week adopted the provisional departmental estimates
of appropriations for 1894. These estimates will again come
up for consideration on the last day of the year and may then
be changed somewhat. In the estimates before their adoption
there was an item of $608,000 for the care of the insane by the
State, this being the sum which the State has decided the city
shall pay as its share of the cost of caring for the insane.
Mayor Gilroy, however, pointed out that the city now pays
$875,000 annually for the care of its own insane, and he ex
pressed the opinion that the law authorizing the additional
levy for the State was unconstitutional.
On his motion,
therefore, the item was stricken out. A s adopted, the pre
liminary estimates for 1894 stand as follows in comparison
with the final estimates for 1893:
.
Objects and Purposes.
The Mayoralty...........................................
The Common Council.............................
The Finance Department....................
Interest on the city debt......................
Redemption of the principal of the
eity d e b t..................................................
Armories and drill rooms—Rents,
w ages.........................................................
R ents............................................................
Judgm ents..................................................
The Law^Department.............................
The Department of Tublic W o r k s...
The Department of Public Parks___
The Department of Public Charities
and Correction .....................................
The Health Department........................
The Police Department..........................
The Departmentof Street Cleaning..
The Fire Department.............................
The Dep’t of Taxes and Assessments.
The Board of Education........................
College of the City of New Y o r k ____
The Normal College.................................
Advertising, printing, stationery and
blank books ..........................................
MunicipalServieeExaminingBoards.
Coroners—Salaries and Expenses___
Commissioners of Accounts.................
The Shei iff............................. ; ....................
The R e g iste r ..............................................
Bureau of Elections.................................
Preservation of Public Records.........
Miscellaneous................................. ........ . .
Fund for Street and Park O penings..
Salaries, City Courts..............................
Salaries, Judiciary...................................
Charitable In stitu tio n s........................
For the Annexed D is tr ic t....................
Department of Buildings......................
Jurors’ F ees...........................................
Libraries .....................................................
State Taxes and Common Schools___
Amounts
allowed in
final esti
mates for
1893.
$ 2 8 ,0 0 0 00
8 8 ,0 0 0 00
3 0 1 ,7 0 0 00
4 ,9 4 8 ,5 8 2 09
Amounts
allowed in
provisional
estimates for
1894.
$ 2 8 ,0 0 0 00
8 8 .0 0 0 00
3 0 1 .7 0 0 00
5 ,0 8 0 ,2 1 7 45
1 ,4 9 9 ,0 2 1 1 0
1 ,6 4 8 ,7 3 7 57
9 7 ,6 1 8
113,550
3 7 5 ,0 0 0
2 0 2 ,0 0 0
3 ,0 1 4 ,0 2 0
1,0 9 6 ,4 5 5
00
00
00
00
00
00
84,9 8 6
1 4 1 ,4 3 0
1 2 5 .0 0 0
2 0 5 .7 0 0
3 ,0 9 4 ,8 8 0
1,1 3 4 ,4 5 5
00
00
00
00
00
00
2 ,2 2 3 ,4 2 5
4 7 0 ,2 3 6
5 ,3 0 9 ,8 8 6
2 ,2 0 0 ,0 0 0
2,2 2 3 ,1 3 3
128,220
4 ,430,448
1 5 0 ,0 0 0
125 ,0 0 0
00
00
04
00
50
00
23
00
00
2 ,2 7 3 ,1 7 5
423 ,5 8 0
5,1 2 6 ,6 4 7
2,3 6 1 ,4 1 0
2 ,2 3 5 ,0 1 7
1 2 8 ,2 2 0
4 ,6 2 4 ,6 5 4
150 .0 0 0
125.000
00
00
64
00
00
00
97
00
00
26 8 ,0 0 0 00
25,000 00
5 4 ,7 0 0 00
3 2 ,5 0 0 00
1 21,378 66
130,000 00
370 ,4 0 0 00
4 5 ,4 6 0 00
120,228 77
154 ,6 4 4 83
3 8 3 ,3 0 0 00
1 ,1 3 9 ,8 9 0 00
1,3 0 5 ,1 7 7 13
3 5 0 ,4 7 2 00
21 4 ,2 5 0 00
6 0 ,0 0 0 00
40,0 0 0 OO
3 ,5 5 4 ,4 5 8 33
Totals.............................................................. $ 3 7 ,4 4 4 ,1 5 4 68
General Fund ...........................................
3 ,2 6 6 ,7 2 5 13
Grand Totals............................................ $ 3 4 ,1 7 7 ,4 2 9 55
[V ol. LYII.
B o n d P r o p o s a l s a n d N e g o t i a t i o n s .— W e have re
ceived through the week the following notices of ton ds
recently negotiated and bonds offered and to be offered for
sale.
Bayonne, N. J.— (S t a t e a n d C i t y S u p p l e m e n t , page 58.)—
Bids will be received until November 7 by the Council of
Bayonne for the purchase of $55,000 of 5 per cent bonds.
Same will be dated November 1, 1893, and $50,000 of the
amount issued for street improvements will mature in six
years and the remaining $5,000 issued for school building
will mature in 20 years. Interest will be payable semi
annually on January 1 and July 1, and both principal and in
terest will be payable in gold.
B exar Comity, T ex .—(S t a t e a n d C i t y S u p p l e m e n t , page
177.) —Bids will be received until November 18, by the County
Commissioners’ Court for the purchase of coupon bonds to
the amount of $115,000, issued for the erection of a court
house. The bonds are dated August 18, 1893, bear interest at
the rate of 6 per cent, payable annually on April 10, and ma
ture in 40 years, with an option of call at any time after 10
years. Both principal and interest are payable in gold at the
National Park Bank, New York City. Two thousand dollars
in cash must accompany each bid.
Brooklyn. N. Y.— (S t a t e a n d C i t y S u p p l e m e n t , page 44.)
— Twelve bids in all were received for the City of Brooklyn’s
4 per cent bonds to the amount ot $600,000 which were
offered for sale on October 30. The following is a list of the
a w a r d s m a d e , to g e th e r w ith th e p rice s re c e iv e d .
Bid.
Nassau Trust Co. awarded $ 1 9 ,0 0 0 of water bonds at .....................lOOtt
“
"
awarded 2 5 ,0 0 0 of improvement bonds a t ___ 100
“
“
awarded
6 ,0 0 0 of sewerage fund bonds a t
100
People's Trust Co. awarded $ 5 8 ,0 0 0 of water bonds a t ...................lOOtt
“
“
awarded 2 2 ,0 0 0 of sewer bonds a t......................100
“
“
awarded 5 0 ,0 0 0 of school bonds a t....................1 0 0
“
“
awarded 7 ,0 0 0 of sewerage fund bonds a t.. .1 0 0
“
“
awarded 8 ,000 of improvement bonds at___ 100
Franklin Trust Co. awarded $ 3 8 ,0 0 0 of water bonds a t.....................lOO1*
“
“
awarded 28,0 0 0 of sewer bonds a t.................... 100
“
“
awarded 7 ,0 0 0 of sewerage fund bonds a t .. 100
Long Island Bank awarded $ 10,000 of sewer bonds at.................... 100
“
“
awarded 10,0 0 0 of water bonds a t .................... l o o 1-}
Brooklyn Tryst Co. awarded $ 3 5 ,0 0 0 of school bonds a t...................100
“
“
awarded 5 0 ,0 0 0 of sewer bonds at .................. 100
L. I. Loan & Trust Co. awarded $ 1 0 ,0 0 0 of improv. bonds a t ..... 100
“
“
awarded 15,0 0 0 of school bonds at........... 100
“
“
awarded 30,0 0 0 of sewer bonds at........... 100
Hamilton Trust Co. awarded $ 1 5 ,0 0 0 of improvement bonds a t .. 100
“
“
awarded 10,0 0 0 of sewer bonds a t.................. 100
“
“
awarded
5 ,0 0 0 of sewerage fund bonds at. 100
Kings Co. Trust Co. awarded $ 5 0 ,0 0 0 of water bonds a t ..................lOOig
Clias. 8. Ferguson, N. Y ., awarded $92 ,0 0 0 improv. bonds a t ........100
The characteristics of the bonds are given below:
LOANS—
When Due.
LOANS—
IThen Due.
W ater* B o n d s—
4s, J&J, $ 1 7 5 ,0 0 0 ....Jan. 1, 1913
S c h o o l B >n d s —
4s, J&J, $ 1 0 0 ,0 0 0 ....J a n . 1, 1920
S e w e r Bo n d s (2 6 th w a rd )—
Local I m p. B onds—
4 h, J&J, $ 1 0 0 ,0 0 0 ....Jan. I , 1 9 2 0
4s, J&J, $ 5 0 ,0 0 0 ......... Jan. 1, 1921
Se w e r a g e F und B onds 48, J&J, $ 2 5 ,0 0 0 ........July 1, 1 8 9 6
4s, J&J, $ 1 0 0 ,0 0 0 ....Jan. 1, 1917
4s, J&J, $ 5 0 ,0 0 0 ........Jan. 1, 1918
Chicago, 111.— (S t a t e a n d C i t y
S u p p l e m e n t , page 92.)—
Refunding River Improvement bonds of the city of Chicago
to the amount of $462,000, have recently been sold to Messrs.
Tracy, MacDonald & Company. These bonds, to the amount
of $500,000, were offered for sale last June when, in conse
quence of the financial stringency, only $38,000 was disposed
of. The bonds are dated July 1, 1893, bear interest at the
rate of 4 per cent per annum, payable semi-annually in Janu
ary and July, and mature July 1, 1913. Interest and principal
is payable at the American Exchange National bank, New
York City.
Cumberland County, Tenn.— The citizens of this county
bave voted in favor of issuing railroad aid bonds to the
amount of $50,000.
Denver, C o l.— (S t a t e a n d C i t y S u p p l e m e n t , page 1 3 6 .)—
Sealed proposals will be received until November 10 by the
Board of Public Works of Denver for the purchase of 6 per
cent coupon bonds to the amount of $30,000. The bonds are
issued for local improvements, bear interest at the rate o f 6
per cent, payable semi-annually on March 1 and September 1,
and become due eight years from September 1, 1893, with an
option of call. The bonds can be registered by the City Treas
urer if so desired.
F a ll
R i v e r , M a s s .— (S t a t e
and
Cit y
Su p p l e m e n t , page
24.) - I t is reported that water-works bonds of this city to the
amount of $49,000, bearing interest at the rate of 4 per cent,
have recently been sold at par.
2 7 2 ,2 0 0 00
2 5 .0 0 0 00
Galesburg, 111.— (S t a t e a n d C i t y S u p p l e m e n t , page 9 3 .)—
54,7 0 0 00 Five per cent bonds of this city have recently been sold at par.
32,5 0 0 00
1 2 1 ,2 1 2 00
Gogebic County, M id i.— (S t a t e a n d C i t y S u p p l e m e n t ,
130.000 00 page 98.)—Highway improvement bonds of this county to the
374 ,4 5 0 00
amount
of $75,000 have recently been voted.
45,4 3 0 00
10 5 ,7 3 0 00
Ham ilton, Ohio — (S t a t e a n d C i t y S u p p l e m e n t , page 81.)
2 0 0 .0 0 0 00
3 8 3 ,3 0 0 00 —The election to vote on issuing electric-light bonds to the
1,1 5 0 ,0 9 0 00 amount of $50,000 will take place at Hamilton on Novem
1 .2 8 6 ,4 3 4 44 ber 7.
3 2 9 ,3 6 0 00
Harrlman, Tenn.— (S t a t e a n d C i t y S u p p l e m e n t , page
2 0 3 ,1 0 0 00
6 0 .0 0 0 00 160.)—It is reported that Harriman will build water-works at
3 0 ,0 0 0 00 a cost of $40,000, the contractor to accept city bonds in pay
4 ,1 1 2 ,2 6 6 62
ment for the work.
$ 3 8 ,2 9 6 ,6 3 3 69 Humboldt. Tenn.—The people of this city voted on October
3 ,7 0 0 ,0 0 0 00
27 in favor of issuing water-works and electric-light bonds to
I the amount of $10,500.
$ 3 4 ,5 9 6 ,6 3 3 69
Haverlii!», Ma-s,—(S t a t e and C i t y Scpplement, page 25 )
—Proposals will be received until three o'eioik to-day by John
A. Glints. Treasurer, for the purchase of the city of Haver
hill loan of 1893 amounting to §80,000. The loan will be is
sued in two series, numbers 13 and 14. the first of these for
§55,1X0, tavable October 1 ,1S03. and the latter for §25,000, pay
able October 1. 1923. Interest at the rate of 4 per cent will be
payable semi-annually on April 1 and October 1, and both
principal and interest will be payable at the office of the City
Treasurer. The bonds are issued under authority of a vote of
the City Council approved October 2. 1893, and the paj meet
of same is provided for by a sinking fund.
The bonded debt of the city on October 28, 1893, was $655,000, sinking funds, §186,510 ; net debt (including this issue).
§468,490. The assessed valuation for 1893 is §20,411,395:
actual value (estimated), §26,000.0(0. According to local
figures the population this year is 32,000.
Idaho Falls, Ida.—Water-works and improvement bonds fit
the amount of $20,000 have recently been voted.
Iosco, Midi —The citiaensof Iosco will v o te on the ques
tion of issuing §100.000 of road bonds to run 25 years.
Jacfe-otiville, Fla.—(State and City Supplement, page
168
In reference to the $1,000,000 of public improvement
bonds of this city, recently voted, Mr. Jno. R. Thurb- r.
Comptroller, writes the Chronicle that the question of the
validity of ihe bonds is now before the Supreme Court of the
State. The bonds are to be issued for various purposes, as
follows:
W aterw orks extension. .$225,000 I City buildings .............. £100,000
Keiler-miog out state fn*
I Lb t itle u g h ta ... ..............
S,0< o
bond*......................... 2 0 0 ,0 0 0 , BulkliCAdio*... ............. 25,000
Sewer*...................................
175 .0 0 0
F ir*d e p a rtm e n t..............
BtS.OtO
and park*.......... 175,000 j
Jackson. M idi.-(S tate and City Supplement, page 98.}—
The election which took plate at Jackson on October 23, to
vote on ie.-uing water-works extension bonds to the amount
of $20,000, resulted in favor of tne proposition,
Jersey City, X. J.—(State and City S cpplement, page
60.)—The Board «.f Finance of Jersey City has authorized the
sale of new City Hall bonds to the amount of $550,000.
f j * F«r oitier proposal* ore nest page.
Street*
N E W
N o tic e
778
THE CHRONICLE.
N ovember 4, 1893.]
N E W
L O A N S
o f S a le
o f
Kern County, Cal.—An election which took place in this
county on October 10 to vote on issuing §250,000 of public
buildii g and road bonds resulted in favor of the proposition.
Keyset', \V. Ya.—The citizens of Keyser will vote Novem
ber 11 on the question of issuing §8,000 additional water
works bonds.
Kittanuing, Pa.—An election will be held in this city on
November 7 to vote on issuing §80,000 of sewer bonds.
Lansing, M ic h .-( S tate
and
C it y S upplement , page 99.)
—An election to vote on issuing §85,000 of bridge and electriclight bonds will be held in this city on November 9.
Lowell, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 2 6 .)—
We are notified by City Treasurer Austin K. Chadwick that
4(4 per cent notes of the city of Lowell 10 the amount of
§156,000, dated November 1, 1893. and maturing at the rate
of $15,500 yearly for ten years, will soon be offered at public
gale.
Madisonvllle, Ohio.—(Chronicle, vol. 57, page 486 )—
Bennet Carter, Village Clerk, writes the Chronicle that the
§15,000 of electric-light bonds and 60 street and cement side
walk bonds, aggregating §3,776 30, which were offered for
sale on October 28, were sold to the German National Bank
of Cincinnati, Ohio, the electric light bonds for §15,080 and
accrued interest and the street and cement sidewalk bonds at
a premium of one-quart* r per cent and accrued interest. The
Atlas National Bank of Cincinnati offered §25 premium and
accrued interest for the electric-light bonds, and §10 premium
for the street and sidewalk bond*, provided they were to be
issued £■ r the full amount of §3,633 69. The Western German
Bank of Cincinnati bid only on the electric-light bonds, offer
ing par.
The electric-light bond* ore dated November J, 1893, bear
interest at the rate of 5 per cent, payable semi-annually at the
German National Bank of Cincinnati, and mature in 30 years
with an option of call in 20 years, and the street and sidewalk
bonds are dated October 19, 1893, bear interest at the rate of
6 per cent, payable annually at the German National Bank of
Cincinnati, and mature in from one to ten years.
L O A N S .
N E W
L O A N S .
CHOICE INVESTMENTS
B o n d s ,
IN
Kerim I* hereby given that ihe Boer.) of Court
Hoorn Commissioner. will aelt to the hurbeet bidder
or bidders at their office to the Court llotue, tn the
City of T o le d o , Ohio, st U o'clock a. m. of Wedne.
S tr e e t
M u n ic ip a l
d*y. M e m b e r IS, l t d , tfca f-.tlvwin# described
L oom C o m it y C o u r t H o u s e B o n d * . via.
K r e hundred iw»» Bond* a t otic thousand 0.460*
dollar* each, payable aft y sW) yew* from the date
o f their Issue, and redeemable thirty m > ye.rs from
th e d a te t h e r e o f a t t h e o p tio n a t th e Board o f
County Com inlsatoner*. Said B ond* shall bear la.
tereet a t She rat* o f foar per « n t per annum
payable sem i- annually, principal and Interest pay
able a t N ew Torts City, a t a p la ce to b e designated
R a ilr o a d
$ 2 5 ,0 0 0
an d
B o n d s .
C I T Y
PRICES TO SLIT TUB TIMES.'
Corrrespwndene* Invited.
L a m p r e c h t B r o s . & C o .,
time<dfacceptanceof the bid..
TBs authority fur the Issue o f Mid bond* Is found
In an art o f the |*ws«I*ture o f the Mate o f Ohio,
CLEVELAND.
BOSTON.
H
O
I
C
E
B
O
N
D
S
Colon*ba«, Ohio. «*. Prfoe 10*and interest.
1 .•*» N-w Rrtght.in. C*.. School $*. Price 100 and
8
S t.
L o u is ,
M o .,
G O L D , I P E R CEN T B O N D S.
C ity
o f
D e tr o it,
M i c h .,
1 PER C EU T BONDS.
Legal te?t*tin«ufc» tor
Torfe State S»Ttug»
Brntks m *i ThmM Fm&ti#.
L a r so n , L e a c h & C o .,
M o rto n
&
H .
W
H I T E
8c
*ZS S T A T E
J.
H ayes
STREET,
•5 N A S S A U
S T .,
C o .,
C o .,
BOSTON.
NEW
Y O R K ..
B O N D S .
72 B R O A D W A Y , NEW
W .
&
C O .,
YORK.
&
S on s,
BANKERS,
Street Railway Bend* and other high grade Inr«*tme»t*.
3 1 1 -3 13 H dP rrler - r t , ^
10 Wi ll S tre e t,
7 E xch an ge P l a r e . ^ ^
K «W T u r k .
G e o . M . H u sto n & C o .
B OND AND S T O C K DEALERS .
C ity o f C in cin n a ti C ou p on 4a.
C ity o f C in cin n ati G o ld CM.
C ity o f C in cin n a ti Coupon 7 3 -1 0 * .
S ta rk C ou n ty C ou rt H omho dm
.
N o r w o o d , O h io, W a t e r *5H».
L la v ro o d , O h io. W a f e r § » .
W ilm in g to n , O h io, T o w n H a ll ,5*.
PARTICULARS UPON APPLICATION.
FOB BALE BY
R u d o lp h
K le y b o lte
8c
C o .,
BANKERS,
CINCINNATI, OHIO.______ _
H a c k e tt
&
H o ff,
HEAL ESTATE AND INVESTMENTS,
» 6 M i c h i g a n S t ., M i l w a u k e e , W I « .
S p e c ia ltie s t
H c n c i PAL,
S T R E E T R A I L W A Y U O .N D I
sod
B r o th e r s
IN V E S T M E N T
53 Broadway, N ew York.
B A N K STO CKS.
B la k e
RANKERS,
Cable A ddnea-K E N N E T n."
‘A WALL STREET.
E dw ard
C .
Dealer* in MUNICIPAL BONDS,
P ric e * a » 4 H M l e i l t n u p o u A p p lic a tio n ,
lo denomination of f l,<x>0 each.
.
The Board a t Court House Coo-mlaaloucrs reserve
the right to tfleet any or al. bids,
S tolen Ul e ad Italia ay C o . 1st m o lt . ®>.;d * q
J a m t a t the Board 0 C a n a , House Cwamt*- W ,
atouwraof Lucas County, ohb-.
• H AS II. J O N C o u n t y Auditor.
tetcftsrt*
tnreev-r. « * toy lied to call, write, or telegraph at
Toledo, Ohio, M?pt. » , MW.
oar expense, for prlee* m oiSureaoiee bond*.
o f
C ou p on o r r e g is te r e d .
We offer the above subject to eale a t 102 and Intereet.
C
paaaad March R . telr.i, „u«J amended March El. 1*03.
C ity
W ater Loan 4° „ Bonds,
S T ., N E W Y O R K .
B s P a lo s m * a n d t h e p a r c t ia s e r o f * * M n o n ,}..
and tha balance, or s o m u ch th e r e o f aa I* required.
at -sat* date* m may tw agreed epos between the
Board. r ,i CoowaiMUrnter* *»d the purchaser at the
T A U N T O N ,
D u e J u ly J, 1 9 2 2 .
45 W A L L
hereafter by agreement between the Board of Com
0f»- o f said bol d* snail be deliver. •! March 1.
O F
F ir s t M o r t g a g e s o n I m p r o v e d M ilw a u k e e I le a l
E s ta t e , b e a r in g a ll a n d seven per c e n t Interest
a lw a y s o n b a n d . N o c h a r g e t o t h e I n v e s t o r f o r c o l
8 9 6 P I N E S T R E E T , S T . L O L L S , .7 1 0 ,
lecting intereet or looking after taxes and Are lnsur
ance. Absolute security.
THE
780
Mtddlesboron^ta, Mass.—(S t a t e
and
Cit y
C H R O N IC L E .
on issuing bonds for the construction of a sewer estimated to
cost $28,000.
Ouogne School District, N. Y.— Proposals will be received
for the purchase of $3,500 of 10-year school bonds.
S upplem ent,
page 38.)— Bonds of this town to the amount of $75,000 have
recently been voted.
Milford, Mass— (S t a t e a n d C i t y S u p p l e m e n t , page 28.)—
Clifford A . Cook, Treasurer, writes the C h r o n i c l e that the
town of Milford has recently placed 4% per cent gold notes
to the amount of $57,000 with the Milford Savings Bank,
$5,700 of which amount is payable annually from September
15, 1891, to September 15, 1903. The notes were issued to pay
off $40,000 of 5 per cent bonds and to replace $17,000 of 3%
per cent notes which fell due November 1, 1893.
Racine, W is — (S t a t e a n d C i t y S u p p l e m e n t , page 103.)—
It is reported that this city has recently sold sewer bonds to
the amount of $70,000.
Red Wing, Minn.— (S t a t e a n d C i t y S u p p l e m e n t , page
106.)—Five per cent bridge bonds of this city to the amount
of $75,000 are under consideration.
>abina, Ohio.—Town Treasurer R. M. Butler notifies the
C h r o n i c l e that an election will take place a t Sabina on
November 7 to vote od issuing $16,000of to vnship hall bonds,
same to bear interest at the rate of 6 per cent and to run ten
years.
South Milwaukee, W is.—It is reported that the $40,000 of
water-works bonds recently voted and $15,000 of sewer bonds
of this village have been disposed of at 90 cents on the dollar.
S p o k a n e , W a s h .— (S t a t e a n d C i t y S u p p l e m e n t , page 14 8 .)
— J. H . Eardley, City Treasurer, writes us that the ordinance
providing for the issuance of street improvement bonds lias
passed the Council, and that the street committee advises him
that they expect soon to advertise for bids. By the provisions
of this ordinance the property within the district to be im
proved is entirely responsible for the payment of the bonds,
and a lien on each lot in such district is vested in the bond
holder, and provision made for collection should the city not
collect assessments for bondholders. The bonds are to run 10
years and are divided into 10 coupons with annual interest at
the rate of 8 per cent added. The city is to make annual as
sessment to meet payment of coupons.
St Louis, Mo.—(S t a t e a n d C i t y S u p p l e m e n t , page 115.)—
It is announced that the $1,250,000 of 4 per cent 20-year gold
renewal bonds of the city of St, Louis which were offered
for sale on September 2, at which time no bids were received,
have been sold through Messrs. Coates, Son & Company, of
London, at par. Interest is payable semi annually on April 1
and October 1, in sterling, at the National Bank of Scotland,
Limited, London, E. C.
Montmorency County, Mich.— W e are informed by one of
the city officials that at the election which took place in this
county on October 36, to vote on issuing $10,000 of building
bonds, the proposition was voted down.
Muskegon Heights, Mich.— The Common Council of this
village has voted to issue bonds to the amount of $3,700, the
bonds to draw 8 per cent interest, and to become due in from
one to four years.
Newark, Ohio.—( S t a t e a n d C i t y S u p p l e m e n t , page 83 )—
W . A . Irvine, City Clerk, will receive proposals until Nor. 22
for the purchase of $9,500 of street and sewer bonds. The
loan will bear interest at the rats of 6 per cent.
Norwalk, Ohio.—Improvement bonds to the amount of
$6,000 have been authorized by the Council.
Omaha, Neb.— (S t a t e a n d C i t y S u p p l e m e n t , page 123 )—
The election to vote on issuing $1,500,000 of water-works
bonds will take place in this city on November 7.
Park Rapids, Minn.— Water-works bonds to the amount of
$8,000 have recently been voted.
Perth Amboy, N. J.— In response to our inquiry concerning
the report that $26,000 of 6 per cent bonds had been author
ized, Mr. J. L. W ig h t, City Clerk, writes us that to his knowl
edge no such bond are to be issued. He states, however, that
assessment bonds payable in 6 years and bearing interest at
6 per cent have recently been issued and sold.
Pontiac, Mich.— (S t a t e a n d C i t y S u p p l e m e n t , page 99.)—
Tt is probable that an election will be held at Pontiac to vote
M I S C E L L A N E O U S .
M I S C E L L A N E O U S .
THE
INVESTMENTS IN THE SOUTH.
Lewis Investment Co.,
D E S M O IN E S , I O W A .
CAPITAL PAID UP,
-
1150,000.
Choloe Investm ents In the m ost C onserva
tive F ie ld In the W e s t
A IV P P P
p r i J T Guaranteed First Mort.
O IA r C n
II C i v I gages on improved landw
In Iowa and Eastern Nebraska. Safe and Desirable
F ifteen Y e a r s ’ Successful E xperience.
Send for P am p h let.
W . A. HOTCHKISS,
GEO. H. LEWIS,
Secretary.
President.
G. R . Voss,
C o m m e r c i a l
'V ol . LV1I.
Exchange Banking
Trust Company,
M I S C E L L A N E O U S .
1850.
1893.
The United States Life
&
Insurance Co.
IN T H E C IT Y O F N E W Y O R K .
C H A R L E S TO N , S. C.
OFFICERS.
G E O R G E H . B U R F O R D , P resid en t.
T ra n sa c ts a G e n e ra l B a n k in g and T ru st
B u sin e ss. S a v in g s D e p a rtm e n t. In tere st
A llo w e d on D e p o sits.
C. P. FRALEIGH............................................. Secretary.
A. W HEELW RIGHT................. Assistant Secretary
Investments made (at usual rates of commission) WM. T. STANDEN.......................................... Actuary
in safe and reliable interest-paying Southern securl
ARTHUR
C. PERRY........................................ Cashier
ties, and 1st mortgage loans on improved city and
town real estate. Correspondence solicited as to JOHN P. MUNN..................... *.........Medical Director
all Southern investments. Being within easy reach
FINANCE COMMITTEE.
of all parts of the South, thorough and careful in
vestigation can be made of intended investments by GEO. G. WILLIAMS..............Pres. Chem. Nat, Bank
purchasers.
JULIUS CAPLIN........... ......................t....D ry Goods
O F F IC E R S .
JOHN J. TUCKER..........................................
.Builder
GEO. B, EDWARDS, President.
E. H. PERKINS, JR., Pres. Imp. & Traders’ Nat. B’k.
P. N. PICKENS, Cashier.
R. E. MUCKENFU^S. Secretary and Treasurer
The two most popular blans of LIFE INSURANCE
J. LAMB PERRY, Solicitor.
are the CONTINUABLE TERM POLICY which
SMYTHE & LEE, General Counsel.
ves to the Insured the greatest possible amount of
demnlty in the event of death, at the lowest_possiD IR E C T O R S .
ble present cash outlay; and the GUARANTEED
A. S. J. P e r r y , of Johnston, Crews & Co., wholesale INCOME POLICY which embraces every valuable
feature of Investment insurance, and which in the
dry goods.
W il l ia m M. Bird , of Wm. M. Bird & Co., wholesale event of adversity overtaking the insured may be
used as COLLATERAL SECURITY FOR A LOAN,
paints and oils.
to the extent of the full legal reserve value thereof
Jam es A llan of James Allan & Co., Jewelers.
J. H. F. Koenig , with Knoop, Frerichs & Co., cotton in accordance with the terms and conditions of these
policies.
exporters.
Good Agents desiring to represent the Company
Geo. B. Ed w a r d s Pres. Electric-Light & Power co
are invited to address J . S . G A F F N E Y . Super
intendent of Agencies .at Home Office.
S
P a p e r,
Bonds, Stocks and Investment Securities.
608 FIRST NATIONAL BANK BUILDING.
Omaha, Nebraska.
M UNICIPAL SECURITIES
W M .
BOOKS
F R A N K L I N
H A L L
ACCOUNTANT A U D IT E D
New forms designed for books of account.
OF
P IT T S B U R O
AND
Y IC IM T Y
D e a lt In by
Settlement of Insolvent Estates.
Jas. Carothers,
418 Exchange Building, 53 State Street, Boston
9 0 F O U R T H A Y R ., P I T T S B U R G . P A .
N ED ERLAN D
Life Insurance Co., L ’d.
E S T A B L IS H E D
Jos. O. Osgood,
S E A R S
#
IS O
BROADW AY,
E N G IN E E R ,
NEW
YORK,
Makes specialty of reports on railroads and other
Investment properties.
Examinations made in any part of the country.
S T A T IO N E R S A N D P R IN T E R S .
Supply Banks, Bankers, Stock Brokers and Cor
porations with complete outfits of Account Books
and Stationery.
VST New concerns organizing will have their
orders promptly executed.
N o. 1 W IL L IA M
EDMUND
C o n s u ltin g
B.
W H I T E ,
Successors to
EUGENE R. COLE,
M. Am. Soo. C. E.,
C O N S U L T IN G
&
STREET
K IR B Y ,
m in in g
E n g in e e r
m e t a llu r g is t,
and
No. 9 Windsor Hotel Block, Denver, Col.
SPECIALTY.—The Expert Examination of Mlnirg
investments and Metallurgical Enterprises.
T H O M A S B R A N C H &, C O .,
BANKERS AND BROKERS,
R IC H M O N D , V IR G IN IA .
Inveatment Beouritie. a Speolalty. Private Wlie
to New York.
IN 1 S 5 S , IN A M S T E R
DAM , HOLLAND.
Assets to Liabilities, 159 Per Cent.
New System o f Life Insurance,
COMBINING LOW RATES W ITH AMPLE SECURITY. UNPRECEDENTED INDUCEMENTS
TO THE INSURABLE PUBLIC.
U. S. Office, 874 Broadway,
Corner 18th Street, New York.
AGENTS
W ANTED
THE
N ovember 4, 1S93.J
CHRONICLE
Taos Conntf, N. M.—Bids will be received until November
6 for the purchase of bonds to the amount of $4,000.
Tan Wert ConntT, Ohio—Improvement bonds of this
countr to the amount of $18,000, bearing interest at the rate
of 6 per cent , have been sold to the Van Wert National Bank
for $18,1-25.
Wapakoneta, Ohio.—It is reported that this city has re
cently sold $50,000 of court-house bonds.
Washington, Ka-1.—Bids will be received untii January 1,
by S. H. Saunders, City Clerk, for the purchase of bonds to
the amount of $30,000, issued for the construction of water
works. Interest at the rate of > per cent is payable semi
annually, and the bonds become due in 30 years, but may be
redeemed at the option of the city after 15 years.
781
bonds, the sewer bonds to mature part yearly from October 1,
1895, to October 1, 1899, and the deficiency bonds to mature
part yearly from Oct. 1 1895, to Oct. 1, 190i.
Bids to be received until November 27 for the purchase of
$10,000 of sidewalk bonds, sime to become due at the rate of
§2,000 annually from October 1, 1895 to October 1, 1899.
All of the above-mentioned bonds bear interest at the rate
of 6 per cent, payable semi-annually, both principal and
interest being payable at the office of the City Treasurer.
It is also reported that an election will take place at Youngs
town on November 7 to vote on issuing $100,000 of electriclight bonds and water-works bonds not exceeding §186,000,
STATE AND CITY DEBT CHANGES.
W e su b join reports as to m u n icipal debts receiv ed sin ce the
Woburn, Mass.—,'.St a t e a n d C i t y S u p p l e m e n t . p a g e 8 3 .)—
In reference to the report that a loan of $25,000 for sewers last publication o f ou r S t a t e an d C i t s S u p p l e m e n t
had been authorized by the Council, Mr, Charles A, Jones, Som e o f these reports are w h o lly n ew and others c o v e r item s
City Auditor, writes us 'that no action has yet been taken to of in form ation additional to those g iven in the SUPPLEMENT,
that end ; the matter is simply being talked of.
and o f interest to investors.
Yonkers, N. Y.—(S t a t e a n d C i t y S u p p l e m e n t , page 56.)—
A rk a n sa s— L it tle R o c k .—(S t a t e and C i t y S u p p le m e n t ,
In reference to the bond offering which took place at Yonk page 175. )—M. G. Hall, Mayor.—The following statement of
ers on October 30 Mr. James H. Weller, Mayor, writes us
that the $87,000 of 8 per cent aMcfsment tends were sold to the pu-sent financial condition of this city has been furnished
Yonkers Savings Bank for $27,465, The $94,308 18 of 4 per to us by H. C. Jones, City Clerk.
cent street paving tends he states are being taken by private
This is the capital of the State and the county seat of
parties at par. Fourteen thousand dollars of the assessment Pulaski County.
bonds mature February 1,1895, $11,000 February 1, 1898, and
LO AN SIFAen D u e. Tax valuation,p'rgon’ I .$2,979,068
$2,060 February 1, 1897,
K t r r s o m ; B onds 1889—
Total valuation 1893... 11,428,603
Youngstown, Ohio.— (S t a t e a n d C i t y S u p p l e m e n t , p a g e
85.)— J. Howard Edwards, City Clerk, will receive proposals
for bonds a# follows :
Bids to be received until November 6 for the purchase of
$3,440 of street grading bonds and $880 of sewer tends, each
issue to become due part yearly from October 1, 1895, to
October 1, 1899.
Bids to be received until November 18 for the purchase of
$2,190 of fewer tends and $3,847 of street grading deficiency
T he
E q u ita b le T r u s tC o m p a n y
PAR V A L U E .—The bonds are $50, $ 100 and $500.
fj?
F o r o i l i e r d e b t c h a n g e s se e n e x t p a g e .
C H I C A G O .
T it le G u a r a n te e 6c T r u s t I llin o is T r u s t 6c S a v in g s
B ank.
C om pany
OF
» T „ C H IC A G O .
C H IC A G O , IL L .
C H IC A G O ,
9 % 0 4 dfc 9 0 W A S H I N GTO N S T R E E T
C A P IT A L , PAID U P , --------------- $ 6 0 0 , 00C
S U R P L U S ,...................................
50,000
AUTHORIZED BT LAW TO RECEIVE sad « .
•cats tro.t* o f srerr ehsrsctsr from coarts, corpora
tioos sad Individual*. Taxes entir. charge or estates
rest sad personal. Acts *> agent for tbs rests!ra
tion and transfer o f bonds sod stocks and tb« par
mtnt of coupons, interest and dividends. A l « s
depository for court and trust foods,
INTEREST ALLOWED ON DEPOSIT S of rnonsj
• filch may he made at any tints and wltb.ntwn after
five days' notice, or at a died data
TRUST FUNDS AND TRUST INVESTMENTS
srs kspt separate and span from the assets o f tbs
Company.
DIRECTORS:
AZEL r. HATCH,
CHAR H. HULBCRD,
M. W. K ERWIN,
OBO N. CULVER.
HARRY RUBENS.
MAURICEROSBNTKLD,
l.R , WALSH,
SAMUEL V . WARD.
OTTO YOUNG.
O F F IC E R S :
J. R. WALSH, President.
C a p it a l, p a id -u p ............... ............ 8 1 , 0 0 0 , 0 0 0
U ndivided ea rn in g s. Including
s u r p l u s ............................ ..................
2 3 9 ,0 0 0
D ep osited w ith Rente A e d ito r . .
4 0 0 ,0 0 0
GUARANTEES TITLES TO REAL ESTATE
MAKES ABSTRACTS OF TITLE
Otters In v e sto rs In r e a l estate se cu rities
p rotection afforded by no o th er system of
Using business.
Is soifiorusd pylsw to set as Registrar of at««»i
and Bonds. Executor. Receiver and Trustee for
Estates, Byndlostes individuals and Corporations.
Trust money* ana trust tacartUes kept separate
from the aaaeta o f the Company.
C O R K K.MPO N D KNUK M O L tC IT E D ,
OFFICERS;
GWYNN GARNETT. President.
A. H. SELLER)*, VIoe-PreetdecL
ARCHIBALD A. STEWART, Secretary.
CHAR K. LAKKAHKE Treasurer.
FRANK H. SELLERS, Trust OOear.
DI RECTO R8:
Gwrun Garnett.
W. b . Kerfqot.
Horace O. Chase,
°hDI k f P -
C H A S . H . U C L B U R D , V is e -P r e s id e n t .
r #
&
C A P I T A Is A N D 8 O B P L 0 8 , - * 3 , 3 0 0 , Oofr
INTEREST AL LO W ED ON DEPOSITS.
T h U B ank U d ire ctly u n d er
t t s p e r r u t o ns o jf it a
h e« oSw
t aiie
t e o rf I1U
tn iu o i* , n
oney*, end l
D E P O S I T O>RY
R V for
f o r Court
C o u rt M oi
M-r S fA AM T RRU
“ B, E X E C U T O R , R E G
USS T K
A rfH IG N K KC f o r E S T A T E 'S , I N D I V I D
CORPORAT
IO N S .
TtOitfL
O F F IC E R S :
orn ci
TdenjL
c^r P r e * u ie n t.
Wro. H. Mitchell, i
niRBCTORS
J o h n B . D rake*
/ o
-I ft. Phiomun,
B lis s ,
« : » e
J. 0. MdfcHJlHn,
J .O g d e n A r m o u r.
>*»*%#* T
F a b y a n
6c
C o .,
S E W Y O R K , B O U T O N ,P H IL A D E L P H IA .
BELLING AGENTS FOB LEADING BRANDS
BROW N
and B L E A C H E D H U IR T IN G N
and M UBETINRN,
PRINTS, DENTMfl, TICKS, DUCKS, d«J.
T o w r ls , Q u i lt ., W h il e G ood* and H o sie ry ,
D r i l l t , g h e c lin g t , etc., f o r E x p o r t T ra d e,
B. Chase.
COUNSEL:
SAMUEL D. WARD, Treasurer.
LYMAN A, WALTON. Secretary
J a m ie s o n
Assessment about % actual value.
Slate tax (per $1,000)............ $,V00
County lax (per $1,000)....... 6-00
City tax (per $1 ,OOOy.............. :V75
Average school tax................. 5-00
Population In 1890 was. . . 25,874
each year purchases about $ 5 ,000
ot 1889.
C H I C A G O .
C H I C A G O .
18£ D K A B B O H N
5a, An*., $ 1 3 3 ,5 0 0 ... July 1 . 1909
Interest la payable by City Treat?.
B onilrd debtN ov. I .'9 3 .. $133,500
Floating debt (a b o u t)...
20,000
Tot. debt Nov, 1,'93(abt.i 163,000
Tax valuation, r ea l.........8,449,435
n il- city ha* a sinking fu nd and
o f the above-m entioned bond Issue
SECURE BANK VAULTS.
. »
C o .,
A .
S T O C K * -B O .\ D S ,
M raters New York and Chicago Stock Exchanges.
G .
B e c k e r ,
S n cE ssoB
H E R M A N
to
S C H A F F N E R
&
C O ,
1N7 D E A R HO BN S T R E E T ,
C h ica g o . I lls ,
COMMERCIAL PAPER,
Private sirs to New York and Philadelphia,
100 Washington Street, Chicago, 111.
G E N U IN E
WELDED CHROME STEEL AND IRON
l a JaUrand a n d F la t B a r* a n d 5 -p ly P la te # a n d a u k - ^
FO R SA FE S,
A c.
C a n n o t b e S a w e d C u t, o r D r ille d , a n d p o s i t iv e l y
B u r g la r -P r o o f.
VAOi/rs,
L o e b
6c
G a t z e r t ,
M ORTGAGE BASH ER S
1U
L A N ALI.fr; S T H K K F . C H I C A G O .
A. O. SLAUGHTER, Member N. Y. 8too, Exehange
WM. Y. BAKER. Member Chicago Stock Exchange.
O .
S la u g h te r
&
C o ,,
W ORKS,
H R O O IA L Y N . W. Y .
BAN KERS,
1 1 1 -1 1 3 I.A M AI.I.K H TR KKT,
P rin cip a l and Interest p a y a b le In O d d .
CORRESPONDENCE SOLICITED.
C IIR C d B S T E E L
S o le M a n ’ f ’ e r * In t h e U , S.
C H IC A G O , IL L S .
C hicago S e cn rltle e Bought nod Sold.
A r c h ’d .
J .
P U B L IC
C .
A n d e r s o n ,
ACCO U N TAN T,
1 2 7 W a t e r S tre e t,
-
NEW Y O R K .
THE
782
C H R O N IC L E
|Vol. LVII.
The city’s assets as given above for 1893 include sinking fund
Connecticut— H artford.— (S t a t e a n d C i t y S u p p l e m e n t ,
page 38.)— W illiam Waldo Hyde, Mayor. W e give below a proper $2 3 8 ,4 3 1 ; other assets, $ 98,021. The assets of the town in
elude sinking fund, $82 ,3 1 8 ; taxes due, $ 4 5 ,5 0 0 , and cash, $27,6 8 4 .
statement of the finances of both the city and town of H a r t -1
A S S E S S E D V A L U A T IO N .—The city’s assessed valuation and tax
ford, which has been corrected by means of a special report1 rate have been as follo w s:
received from C. C. Strong, City and Town Treasurer.
The Tears.
Real Estate.
Personal Property.
Total.
Tax Rate.
$ 1 6 ,6 2 9 ,0 8 6
$ 4 7 ,2 2 5 ,3 2 4
a 20-50
town and city of Hartford, in the county of the same name, 1 890.............$ 3 0 ,5 9 6 ,2 3 8
1889............. 30 ,1 7 1 ,8 8 5
16,048,479
4 6 ,2 2 0 ,3 6 4
20-50
although identical in area, have separate governments and 1888............. 27,8 4 7 ,3 4 9
19,5 0 0 ,1 2 2
4 7 ,3 4 7 ,4 7 1
20-5 0
P O P U L A T IO N .— In l8 9 0p o p u la tion of the town, including the oity
was 5 3 ,2 3 0 ; in 1880 it was 4 2 ,5 5 3 ; in 1870 it was 37,743.
separate debts.
Cit y
H a rtford D e b t :
Jan. 1, 189 7
__1872 6
J & J
Jan. 1. 1893
J & J
Funded debt......... ...1 8 6 8 6
Demand
............. 4 & 5
var.
Aug. 1, 1899
............. 6
F & A
July 1, 1900
...1 8 9 2 5
J & J
July 1, 1906
............. 5
J & J
On demand.
do (temporary loans).. 6
var.
T o w n o f H ar tf o r d D e b t :
July
1, 1909
.1
8
8
9
.
3
J
&
J
Consolidated*........
July 1, 190o /
R efunding*........... 1 8 8 0 . 4 Lj J & J
Subject to call after July 1, 1890 S
On demand
Tow n notes............. ........4 *2, 5 & 6
of
* Non-tax able.
PAR V A L U E O F
Connecticut— Winchester.— (S t a t e
$1 ,0 0 0 ,0 0 0
1,000
2 8 9 ,8 4 4
202,000
48,0 0 0
4 5 ,0 0 0
475 ,0 0 0
7 5 0 ,0 0 0
3 2 0 ,0 0 0
T o w n B onds— 1 885-1891—
4s, M AN, $ 5 4 ,0 0 0 -----Nov. 1 ,1 9 0 2
4s. MAN. 4 8 ,0 0 0 ....M a y 1, 1S94
($6,000 due yearly) to M ay 1,1901
Deposit fund and orders. $16 ,1 5 6
3 5 ,5 8 1
B O N D S .—Tlie city’s Bonds are all for $ 1 ,0 0 0
each.
Net town debt on October 1
P A C IF IC
$ 1 ,7 5 2 ,6 2 0
7 7 0 ,0 0 0
289 ,8 4 4
$ 1 ,2 45,581
2 47,212
$1 ,7 9 1 ,6 5 2
7 5 2 ,0 0 0
2 89,844
$1,257,081
210,650
$ 9 9 8 ,3 6 9
$1 ,0 4 6 ,4 3 1
$ 9 50,079
C O A S T .
Merchants National Bank
O F S E A T T L E , W A S H IN G T O N .
UNITED STATE8 DEPOSITARY
Angus Mackintosh, Pres. I Jno. B. Agen, Vice-Pres.
W m. T. Wick ware. Cashier.
C a p ital* £ 2 0 0 * 0 0 0 |S urplus, etc., £ 4 0 ,0 0 0
In tere st-b e a rin g C ertificates o f D eposit.
Superior Collection Facilities.
Correspondence Solicited
Tacoma National Bank,
First National Bank in the Citv(
TACOM A,
W A S H IN G T O N
P a id -u p C a p ita l...................................£ 2 0 0 ,0 0 0
S u rp lu s......................................................£ 1 0 0 ,0 0 0
W . B. Blackwell, Prest. H. O. Flshback, Cashier.
John Snyder, Ytce-Prest. I. M. Heilig, Asst. Cashier
G e n e ra l B a n k in g B u siness T ra n sa cted .
Special A ttention io C ollectio n s.
T R U S T
Sinking fund.......................
2 ,874
Net debt Sept. 1 ,1 8 9 3 ... 115 ,2 8 2
Tax valuation 1 8 8 9 ... 2 ,7 4 2 ,2 6 4
Tax rate (per $1,000) 189S .$15-00
Population 1890 w as............. 6 ,183
C O M P A N I E S .
CO M PA N Y,
18 W A L L S T R E E T , N . T .
C A P IT A L AND SU R P LU S,
-
Ot t o T. Ba n n a r d ,
■
W il l ia m A l e x a n d e r Sm ith ,
Goi don Ma c d o n a l d ,
Ma u r ic e 8. De c k e r , .
.
Presiden
1st Vice-Pres’
2d Vice-Pres’
Secretary
.
T R U S T
C O M P A N I E S .
Minneapolis Trust Co.,
1 0 0 K a s o ta B u ild in g ,
C A P IT A L ,
F u n d w i t h S ta t e A u d i t o r ,
In te r e s t A llo w e d o n D e p o s its ,
EXECUTES A L L TRUSTS.
TR U ST E E S:
Henry M. Taber,
Gordon Norrie,
Oliver Harriraan. .TrM
William H. Wisner,
William A. Hazard,
A. Lanfear Norrie,
W m. Alexander smith
Thomas T. Barr,
Robert Olyphant,
William F. Cochran,
John C. Havemeyer,
William Jay.
Otto T. Bannard,
A lfred
* 1 M.
I Hoyt.
Robert W. De Forest
James C. Parrish,
Gtraud Foster
Robert 8. Holt,
Gordon Macdonald
Walter Jennings.
The Nassau Trust Co ,
The First National Bank
O F SAN F R A N C I S C O , C A E .
UNITED STATES DEPOSITARY.
C A P IT A L ,
$ 1 ,5 0 0 ,0 0 0
SURPLUS,
8 8 5 0 ,0 0 0
S. Q. M r u n n y , President. H. D. Mo r g a n , Cashier
J a m j i Mo i f i t t , V .-Pre«. G. W . Kl i n . , a <i i . Cash.
G E N E R A L B A R R I N G B U S IN E S S .
» C O O U » T S N O IA O IT K P .
Josh u a W ilbour .
Benjam in
a
. Jackson
WiJbour, Jackson & C o,,
BANKERS AND BROKERS,
NO. 52 W E Y B O S S E T S T R E E T ,
P R O V ID E N C E , R . I.
Dealers in Commercial Paper, Governments and
other first-class Bonds and Securities and Foreicr
Exchange.
Private telegraph wire to Nr w York and Boston.
Members of New York and P. ovidence Stock Exchs
1 0 1 B r o a d w a y , B ro o k ly n , N . Y .
C A P I T A L ..............................................$ 5 0 0 , 0 0 0
Deposits received subject to check at sight, anc
Interest allo w e d on the resulting dally dalances,
Certiticatee of deposits Issued for time deposits,
on which special rated will be allowed.
Interest commences from date o f deposit,
Authorized by law to act as Executor, Adminis
trator, Committee, Guardian, Trustee, Receiver.
Fiscal and Transfer Agent, and as Registrar of Stocki
and Bonds; 1m a legal depository tor T ru -l
Funds and for moneys paid into court.
Loans made on approved collaterals.
Checks on this Company are payable through the
New York Clearing-House.
A. D. WHEELOCK, President.
WILLIAM DICK,
)v,
JOHN TRU8LOW, j Vlce-Pre8 te.
O. F. RICHARDSON, Secretary.
TRUSTEES t
Wm. Dick,
Bernard Peters,
A. D. Baird,
Wm. E. Horwili,
Darwin R. James, J. B. Voorhees,
K. B. Tuttle,
A. D. Wheelock,
John Tru slow,
Wm. F. Garrison,
Ditmas Jewell,
Jno. T. Willets,
F. W. Wurster, Chas. H. Russell
John Loughran,
Edward T.Hulst,
Jno.McLaughllr,
A. M. Suydam,
Wm.E. W heelock
O. F. Richardson
Henry Seibert.
M O R T G A G E LO ANS
IN
R . T . Wilson & Co.,
BANKERS
AND
COMMISSION
M ERCHANT*.
Has no deposits; receives m oney on trust account
only. Burglar p roof vaults. W ills kept salelr with
out charge. Acts as executor, trustee and guardian;
executes trusts o f every description.
DIRECTORS.
Samuel Hill, President; W m. H . Dunwoody, First
Yice-President; H . .F. Brown, Second Yice-Presi
dent; Daniel Bassett, Third Yice-President; Clarkson
Undley. secretary and Treasurer; Isaac Atwacer
H. W. Cannon, James J. Hill, R. B. Langdon, A . F
Kelley, W. G. Northup, C. G. Goodrich, Charles A .
PUlsbury, A. H. Linton and P. B. Winston.
Missouri Kansas & Texas
Trust Co.,
3 3 W a ll S treet, N ew Y o r k .
S M IT H
C IT Y ,
MO.
B R A N C H O F F IC E S l
36
New York439 Chestnut St., Phtla.
T-13 Warmoesgracht, Amsterdam, Holland.
P A ID C A P I T A L ,....................... $ 1 ,2 5 0 ,0 0 0 0 0
S U R P L U S .....................................
3 0 0 ,0 0 0 0 0
U N B IV ID E D P R O F I T S ........
7 6 ,5 3 2 0 0
ARTHUR E. STILWELL, Free.
_ „ _
J BOARD OF DIRECTORS.
W. S. W oods,
C. A . Dean,
E. L . Martin,
Ja 1!.0?,- Trimble, A . E. Stillwell,
A. A. Mosher
W -ws -,? a^lori r B- MeKeighan, H. A . Lloyd,
B . F. Hobart,
Chas. Clark,
E. P, Merwln.
C- B. Grannlss, A. Heckscher,
Wm. Waterall,
W .H .L uchs
W D. Black,
Dr. H. M. Howe,
John F. Dryden, E. W . Marsh
B. Henry Barnes
Metropolitan Trust Co.,
3 7 & 3 9 W a ll S treet, N ew Y o r k .
P aid -U p C a p ita l ............................ £ 1 ,0 0 0 ,0 0 0
S u r p lu s..................................................
800*000
Designated as a legal depositary by order of
Supreme Court. Receive deposits o f money on In
terest, act as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
rrom persons or corporations, on as favorable terms
as other similar companies.
Thomas Hlllhonse, Pres. Fred’k D. Tappen, V.-Pres.
C. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
George D. Coaney, Assistant Secretary.
Jos. C. Platt, C. E .,
TEXAS
« Per Cent and 7 Per Cent N et.
NO COMMISSIONS charged borrower or lender
until loans have proven good.
F R A N C IS
$ 5 0 0 ,0 0 0 .
1 0 0 ,0 0 0 .
S S 5 0 .0 0 C
KANSAS
SAN FRANCISCO.
Supple
F u n ding B onds —
Tax valuation,personal 2 ,006,031
7s, BAA, $ 1 0 ,0 0 0 ........Aug. 2 ,1 9 1 0 Total valuation 1 8 9 3 ... 5 ,4 5 8 ,6 2 6
Subject, to call after Aug. 2 ,1 9 0 5 Assessment about 3-5 actual value.
6s, J&J, $ 7 5 ,0 0 0 ......... July 1, 1913 State ta x (per $ 1 ,0 0 0 ).............. $2-50
Subject to call after July 1, 1908 County ta x (per $ 1 ,0 0 0 )........10 00
Bonded debt Nov. 1, ’93. .$ 1 5 5 ,0 0 0 City tax (per $ 1 ,0 0 0 )............... 8-00
Floating debt.......................
15,000 Average school tax................... 3'50
Total debt.Nov. 1, 1 8 9 3 .. 170 ,0 0 0 Population in 1890 was......... 6,881
INTEREST on the bonds due in 1913 is payable at New Y ork and
at Livingston, Mont.
C O N T IN E N T A L
TRU ST
Cit y
Montana— Park County.— (S t a t e a n d C i t y S u p p l e m e n t ,
page 131.)—W e give below a statement of the debt, valuation
etc., of Park County, which has been corrected to date by
means of a special report received from Charles Angus
County Clerk and Recorder.
County seat is Livingston.
LOANS—
When Due. Tax valuation, real........$3 ,4 5 2 ,5 9 5
INTEREST on all of the oity Bonds Is payaBle at the city treasury,
o n the tow n bonds at the town treasury.
TOTAL DEBT, SINKING FUNDS, E T C .-T h e subjoined state
m ent shows Hartford’ s total municipal debt, the slutting fund held by
the city against the same, the water debt, and the city’s floating debt,
on the first of April, 1 8 9 3 ,1 8 9 2 and 1 8 9 1 ; also the town’ s debt and
sinking fund on October 1 ,1 8 9 3 ,1 8 9 2 and 1891.
1892.
1891.
1893.
$ 2 ,3 4 2 ,8 4 4
$ 2 ,3 5 9 ,8 4 4
Total debt (including w ater).. .$ 2 ,0 6 0 ,8 4 4
607,224
551,191
Assets (see below)........................
336,453
Net city debt on April 1 ___ $ 1 ,7 2 4 ,3 9 1
7 7 0 ,0 0 0
W ater debt included above........
Temporary loans included........
2 8 9 ,8 4 4
Total town debt (additional). . . 1 ,105,581
Assets (see below)........................
155 ,5 0 2
and
page 4 0 .) — The following statement h a s been corrected
to September 1, 1893, by means of a special report from E. J.
Spaulding, Town Treasurer.
This town is in Litchfield County, and contains Winsted
Borough, which has an independent debt of §35,000.
LOANS—
When Due. Total debt Sept. 1 ,1 8 9 3 . $ 1 1 8 ,1 5 6
m ent,
&
S A N A N T O N IO , T E X A S .
C O .,
CONSULTING E N G IN E E R 1
3 5 W a ll S tre e t, N e w Y o r k ,
A n d W a te r fo r d , N . Y .
E x a m in a tio n s.
S u p e rv isio n .
R e p o rts*
@FedFRASER