Full text of Commercial and Financial Chronicle : October 12, 1895, Vol. 61, No. 1581

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HUNT’S

MERCHANTS’

MAGAZINE,

trebly
REPRESENTING T E E IN D U STR IA L AND COMMERCIAL IN TERESTS OP TH E U N ITED STATES.
i Entered aoeordlni: to A ct o f OoBtrre-w, tn the year 1895, by tbe Wil lia m B. D ana Co m p a n y , 1b the office o f the L ibrarian o f Congress.]

VOL. 61,

SATURDAY, OCTOBER 12, 1895.

NO. 1 581
Week ending October 5.

£ lt e

C h r o n ic le .

Clearings at—

Terms o f Subscription—Payable In Advance:
F or One Y ea r............ ................. ............................... ..............$10 00
F or Six M onths..........................................................................
6 00
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12 00
European Subscription Six Months (Including postage).
7 00
A nnual Subscription In London (Including p o sta g e!
A 2 10s.
S ix Mos,
do.
do.
do.
___ XI lOe.
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to every annual subscriber o f the Com m erc ial and F inancial
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The State an d C ity S upplement will also be furnished without
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without extra charge to every subscriber o f the CHRONICLE.
File cover* are sold at 50 cents e a c h : postage on tbe same Is 18
cents. File cover for supplements can be had at offioe fo r 65 cents or
mailed for 80 cents.

Terms of Advertising—(P e r Inch space).
O n etim e............................ $3
50 I Three M onths (13 t im e s)..$25 00
One Month
.a tim es).. 1 1 OO ’ Six Months
(26 “
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T w o M onths
<8 '* ) , 18 OO I Twelve- M onths (52 "
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(The *bove term * fo r one month and upward are for standing cards.)

London Agents:
Messrs. E d w a r d s A S m ith . 1 D rapers' G ardens, E. 0 ., will take sub­
scription* and advertisem ents, and supply single oopiee o f the paper
a t Is. each.
W I L L I A M It. D A N A C O H P A N V , P u b l i s h e r s ,
P in e S treet, C o r n e r o f P e a r l S treet,
P ost o m a m B o x 958.
s u it YORK,

C L E A R IN G H OUSE RETU RN S.

?
694,324,799
N ew Y o r k .................
84,100,296
P h il a d e lp h ia ............
15,821,<95
P it t s b u r g ....................
13.407,057
B a lt im o r e ...................
4.801.798
B u ffa lo .........................
1.019,871
W a s h i n g t o n ..............
1,755,705
R o c h e s t e r ...................
1,053,810
S y r a c u s e ................. .
700,000
W i l m i n g t o n , . , . . , . '.
817,838
S c r a n t o n ......................
352,700
B i n g h a m t o n .............
T o t a l M i d d le ........ * 819,184,574
P r o v id e n c e ................
H a r t f o r d ................. .
N ew H a v e n ...............
S p r in g fie ld .................
W o r c e s t e r ..................
P o r t la n d ......................
F a ll R i v e r .............
N e w B e d f o r d .........
Total N e» Edr...

Chicago....... ........
C i n c i n n a t i..............
M ilw a u k e e .............
D e t r o i t ........... .
C l e v e l a n d ...............
C o l u m b u s . . ...........
P e o r i a ................. ..
I n d ia n a p o lis . . . . .
H rand R a p id s ....
L e x i n g t o n ..............
S a g in a w ...................
B a y C it y .............
A k r o n ........ ...........
S u rin g fie ld , O h io .
C a n t o n ................... .
R o c k f o r d ................
K a l a r a a s o o ...........
T o le d o * ............
T o t . M id . W e a t 'n

The following table, made up hy telegraph, etc., indicates
F r a n c i s c o ..
that the total bank clearings of all the clearing houneu of the San
Portland..........
United States for the week ending to-day, October 12, have Salt L a k e C it y ..
been *1,181,992,898,against $1,233,231,996 last week and *915,- TSeattle.............
a c o m a ........... .
I$o* A n g e l e s . .. . .
678,593 the corresponding week of laat year.
Helena,....... .

Cuts wnob .
Returns by leUgrupK

S p o k a n e . . . ..........
S io u x F a lls .........
F a r g o .....................

Week fending ftetobtr 11.

1 89 5.

115,539.379
5,938,800
3,185,727
Z 196,900
L813.1U5
l.* M « ,? ll
1,572.29 m
858.850
7 (8 ,8 3 2
658.009

220,8 *4

17,173.7*11
L147,200f
1.231027)
616,000
608.6 i 4 i

1,207.6961
728.007

0WL6B8

*1,756!
250.000}

Total Pacific..

10,282.534’
12,304.0 Wi

8*v*a ettl«*„ S d s y s . . . . . .
Otbor CHIOS, 5 d s y ,...............

*802,818.027
145.101,102

♦831.364.819
1,31.017.924

+27*1
+10*8

M in n e a p o lis ........
O m a h a ...................
S t. P a u l..........
D e n v e r ..................
S t. J o s e p h . . . . . . .
S io u x C i t y ............
P c s M o i n e s ..........
L in c o ln . *..............
W i c h i t a .........
T o p e k a ...........
F r e m o n t . . . ..........

Total all eiUea. 5 d ays....
A il el tie#. 1 day.....................

*947.719,129
184.273.764

*702,382,741
153,290,350

F24-3
420*2

T»* aI sll cuts* for * w t .

•1.131.9S2.893

*915.6?3.593

4-23*0

Hastings...........

D a v e n p o r t * ..,.
T oL oth er W S t. L o u is ........ ............
N e w O r le a n s .............
L o u is v i ll e ...................
G a l v e s t o n ................. .
H o u s t o n . . . . ...............
R i c h m o n d ..................
S a v a n n a h ...................
M e m p h is .....................
A t l a n t a ........................
N a s h v ille ....................
D a l l a s . , . . ....................
N o r fo lk ........................
W a c o * . . . .....................
F ort W o r t h ...............

776.186

762.290
444.699

12.677.7' 0
6,065,61 H
6.8*7,0*16
6.617,690
*.656,300
$.970,732
L S35.148
829.073

370,000

306,2*9
380.471
212,312
184,940
178.340
169.7 40
232,618

158.599]
281,680
1.666.618
143.574,4981 " 131.401.707

Kansas City.....

i t L oan .............................
New O rleans.......

1.354.684

*3,553,678 ~

4,3P7,0i6

4.295.432!
5L800.730
1.600,000]
661.138!

1,186,618
431,130

261.372

3-15 168
76,826

87,987

2,153,660

13.363*911
1,438,324

1,480.136

M0,...

685.080

043.213

655,774
321.994]

+17*9
—9*1

1,635.559

J?*3
+ 2*2
—16-2

+ 10*8
+ 3 0 -7
4-10*7
e-5 ’ 6
+6*4
+10*7
—7*7

+25*6

4-9*5
4-82*6

+28*0
40*3
+62*3
4-2*4

-7*3
+28*9
+57*0

4*10*8

-6*6

+ 21*1

.

6,*4M,4*'*6!

3,272,045

848.811
663 ,-9 7
572,754
106.384.696

92,535.746
12 197.100
4.K62.797
6.693,218
4,013.798
2.774,900
1813.100
1,152,815
76L712
301.417
277,651
263,901
180,000
139.600
166,729
170,000

4,806,001
2,311.628

1*680,131
963,790
997.416
3CQ. 900

000,797,214

113,009,810
6,860.700
2.537,524
1.657.786
1*661 336
1,550,840
1.503 431
1.072,958
066,002
019.868
131,036,321
187,860
I f . 317,0fiO
8,040,200
§ 400,081
6.120,787
4.109,000
2.201,475
1,299,876
L I 31,059

578,390
451,690

200.000
165.000

200.000

109,474.077

13,042,979

18,832,541
2,006.554
1,855,780
1,195,500
1,305,231
810,632
740.491

— 20*2

-1 6 * 6

4-3-0
-112
4-28-0
+11*l

+ 5*7
+40*5

34,006,821

1.331,617
1,313,003

1,605.294

16.247,369

16,221,781

127,893,684

+21*2

21.074.209

90.043.285
6,277.800
2,273,319
1.611,915

83.188,730

+ 9*3

9,7*8.260
8.766 328
4,070, rt|0

25/81,180
10.860,400
6.474 809

357,300

774,118,459

+20*4

10,436.656

38.019,873

3,778,646

+ 11*2

150.882

4,030,185
2.691,297
1,527,429
670,120
1*828,788
675,0u0
805, i 10
508.053
72.000
82,656

1,773,889
968,238
811,800

418*4 “610,422,111
+18*1
4-14*2

1892.

$

614.214,222

+134
+ 1*2

4-88*1
-7 * 1
4*66*4

88,212

1893.

62,407,240
11,615,650
12,643.006
3.911.14U

+ «* 5
4-8*4

13.740.500!
•V . ;
6.887.892]
7,440.142
4,404,34 0
1.076,187
8,167.465
849.2981
341,9m i
3*8.6411
600,013
254,367]
190.6701

432*7
4-32*3
+22*9
42
+ 5*0
+• 0*8
+38*5

Philadelphia.'............. . . . . . .

1.681,079
1,530.586
1.492,337

4-12*8

+17*4

Per Cent.

18M.

07,845.362
5,107,«OO
2,874,881

4-19-9

91,028.056

•7.039,681 i

f4W.8H0.967
66,047.467
•ft
11.536.386
76,713,491
19,881.021
7.1«#. •

1895.

576,932,220
7 4,691,09A
13.94 •‘,697
13,24 2,742
4,124,671
2,111,337
1,754.437
1.00 >,775
792,411
800.000
421.000
691.719.b84

1895.

P. Cent.

133.0; 8,203! 114,160,864

•532.139.683
87.363,118
61,688,384
12,029,917
79.508,390
20,032,419
9,928.116

» • * York.............................

1S94.

1,877,101
728.213
558.8*9
408.014

893,482

300.000
206,718
138.010
140.000
17.976,901
9,231.787

1,082,441
170,000
28,194,130

602,265

11.809,000
11,851,365
6.333.439
6.797,108
5.010,902
2.333,308
1,4 18,422
1,548,254
820,024

+«*41

103,280
70.000

401,574
90.000
80.000

1-10*6

31,754,516

48,802,030

-FI 5*7

20.348,746
7 ,8 s 1,4*0
5,806.877
3,707,776
3.409.939
2,040,218
3,090.008
1,176,*00
1,168,839
692, i 39
884,498)
988,07 |
700.689
385.000

24,554.283
10 050.200
8,432,050
4,997,451
8.407,435
2.206.086
2.802,572
2,052,783
1,721.344
2.080.086
900,000
96s. 107
707.585
079.571
460,770
329,920
401,743

—6*9
+6*74
+4*1

-

1*8

2*8
-1 0 7
— 17*0,
-14*41
-8 2 * 1
44*3!

+31*0
+JO*0

7,684.190

I I

3.087,938

2.876.011
1,716,110
631.833

884.737
299.117

3,242.6*5
—7*2
3,493.390
The full details of clearings for the week covered by the
2.860,92s
-Ml
2.266.644
above statement will be given next Saturday. We cannot, of
+25*1
4.2*0.471
3,426,030
+3*0
1.668,922
1.009.910
course, furnish them to-day, bank clearings being made up by
+27*0
I,
201,724
1.626,703
tbe various clearing houses at noon on Saturday, and hence in
+7*2
J.
0.i9,731
1,114,790
+ 4*0
1.039,473
1 ,'V 1.5491
the above the last twenty-four hours of the week have to be
+19*01
845.890
1.011.504
In all cases estimated, as we go to press Friday night.
+32*61
999,970
1,825,707
-2 3 -6
805.924
600,000
Our usual detailed figures for the previous week, covering
8-4,830
+2.V8 j
34 2.087,
431.246
the returns for the period ending with Saturday noon, Octo­ JBirmingham..........
255.054
—80**I
320,577
225 JW0
a c k s o n v il le * ...........
+17*3!
273.854
207,48"
233,449
o g a .............
ber 5, are given below, and we also present the results for tbe CA hu ag tutsatnao.............
+ 55*2
082,675
082,008
. ...
oom-s ponding week in 1894, 1893 and 1892. In comparison * .iti le R o c k * ..............
with the preceding week there is an increase in the aggregate T o t a l S o u t h e r n .. 66,821,270 56,499.389 + 1 7 * 4 1 53,691.84 8 07,020,001
exchanges of ov.r two hundred and thirty million dollars, and
+ 16 *9 ) 916,073.758 t342.Q30.373
T o t a l a l l ................. 1,225,231,996 1,048,121,800
at Hew York alone the gain is nearly one hundred and thirtyO u t s id e N . Y o r k .
5-i|.',!"i7 .1:»T 4f59.180.5-1.'
+13*2 432,458,536 568,811,9U
five millions. Contrast**! with the week of 1894 the total for
the whole country shows an increase of 18-9 per cent. Com­ M o n t r e a l.............
11,732.691
13,321,508
-11*9
11.462,25.3
17 111,854
pared with the week of 1893 the current returns record an o r o n t o ................
+2*P
6,327.108
0,183.396
6,314.466
7.660,849
Halifax............
1,2-8,3.34
1.35L«37
+4*0
1,293,908
1,135,656
excess of 29'4 peT cent and the lose from 1892 is 8-8 per cent. W
—21*4 j
..
.
L4 89,922
i n n ip e g ............
1,170,887
Outside of New York the gain over 1894 is 13'3 per cent. The Hamilton.........
735,914
783.314
+6*4 ]
857,217
802.539
excess over 1893 reaches 22 8 per cent, hut making comparison
T o ta l Canada.
2,900,074
21,353,124
-7*0! 10,040,546
25,710,297
with 1892 the decrease is seen to be 8 7 per ceni.
N o t in c lu d e d tn t o t a ls .

632

THE CHRONICLE.
TH E

F IN A N C IA L

S IT U A TIO N .

Among the features in the financial markets this
week have been increased activity followed by greater
ease in money on call, lower rates for foreign exchange
succeeded by a firmer tone, and a material advance in the
price of silver bullion, the market for bullion closing
strong at the advance. How permanent this upward
turn in silver is it would be hazardous to say. No one
can tell at just what price the world’s needs for this
metal can be supplied. If all the new production
pame from the United States, beyond question the
yield would be short, for the output of our mines can­
not be kept up at the old scale, even at 32d. per
ounce, and hence from the American standpoint it has
long looked as if a rise was assured. Outside of that
fact though the relation of current supply to price and
demand remains pretty much in the clouds. There is
one circumstance w'ith reference to the upward turn
at this time in which all aocounts agree, and that is
that it is due to a special demand arising out of the
payment of the indemnity money by China to Ja­
pan and its disbursement by Japan.
One condi­
tion is worth recording. Cotton made a material de­
cline this week while silver made a material ad­
vance.
W e several months since showed what
a grand rise cotton had then secured and
was securing while silver stood still. AVe are perfectly
well aware that these movements in silver and cotton
have no more relation to each other than either has
to the changing phases of the moon. We only call
attention to these fluctuations for the benefit of our
numerous friends in the South, who told us so many
times last year that the great decline in cotton in 1894
was due to the great decline which had taken place in
silver. Current facts seem to be marvelously out of
accord with such a notion.
The somewhat easier money market following the ac­
tivity of last week some seem to interpret by saying that
the interior movement of currency has almost stopped
and is about at its end for the season. There is nothing
at all in this statement except that there was in the early
part of the current week a natural falling off in the
currency outflow following the large movement the two
previous weeks. The greater ease in money is a wholly
temporary affair, and was fully forecast by the facts we
gave last week; it has been caused in part by the return
to the market of money withdrawn the close of Septem­
ber for divers interest payments due the first of
the current month, but is chiefly a natural re­
sult of the 5£ million dollars of Government interest
distributed on the first day of October, a large part of
which has this week gone into the banks. As to the
firmer tone in foreign exchange it is accounted for in
part by our easier money market, but more largely by
the fluctuations in cotton futures, which have tended
to check purchases on foreign account and conse­
quently the making of bills; first there was a rapid
rise last week, continuing into the first part of this
week, with a decline later, ending in a further material
loss on Thursday when the Agricultural Department
report appeared. Added to this diminished supply of
cotton bills, the reported break in the Kaffir mining
stocks at Paris and London and rumors of European
complications growing out of the situation in Turkey
have had some influence. But all these are but pass­
ing incidents likely to be followed within a week or
two by another drop in |exchange

fV O L . L X I.

A further event of special interest has been the
action of the trunk lines with reference to rate-cutting,
which we have referred to in a separate article. But
while the trunk lines are thus taking steps to prevent
these evils the rate situation on the roads west of Chi­
cago has been becoming steadily worse and traffic is now
being moved at ridiculously low figures. We cannot
say who is responsible for the present critical state of
things. But this much we know— that at a time like
the present, when we have crops of unprecedented
magnitude (as shown by an article on another page),
and when as a consequence the roads are certain for
months to come to have more traffic than they can
handle, there is absolutely no excuse for such a situa­
tion. It is simply throwing money away. The only
redeeming feature is that the war is so intense that it
can not well be kept up long. The managers should
consider the magnitude of the interests involved, and,
throwing aside all personal feeling, take steps to bring,
the contest to a speedy termination. They might with
advantage
use the trunk line compact just
adopted as the basis for a new agreement among
themselves.
As showing how the public attitude towards the
railroads is changing, the action of the Board of Trade
and Transportation this week in passing a resolution
urging that Congress repeal the prohibition of pooling
as contained in the Inter-State law, and advising that
the claims of the United States Government against
the Pacific roads be funded “ on a basis which these
roads can stand,” is noteworthy and significant. The
Committee on Kailway Transportation, which reported
this resolution, consisted of P. B. Thurber, Simon
Sterne, Oscar S. Straus, John A. Elmendorf, Seth E ,
Thomas and Charles H. Patrick, some of whom have
in the past actively opposed the railroads in
many of their measures.
The committee well say
that the time has gone by when any fear of exorbi­
tant rates is justifiable; that rates have steadily declined
to a point where the people of the United States get
their transportation for less than half that paid by
other countries; that nearly one-third of the mileage
of the United States is, or has recently been, in the
hands of receivers, and over one-half of the capital
invested receives no dividend or interest; that the
problem is how to eliminate unjust discriminations,
reduce expenses and systematize administration so
that shippers may enjoy reasonable, uniform and stable
rates, and carriers may earn a just compensation for
capital honestly invested; that this end can best be
attained by the repeal of the clause prohibiting pool­
ing, and that as far as the Pacific roads are con­
cerned the conditions have changed so that it is
impossible for the roads to meet their contracts,
and that hence Congress should deal leniently with
them.
The iron trade remains in a state of great activity,
and according to the usual monthly report of the
“ Iron Age ” production of pig iron the first of the
month was at the rate of 201,414 tons a week— a figure
never previously reached.
At the same time the
“ A ge” notes that preparations for putting additional
furnaces in blast are in progress, so that the total is
certain to be still further increased in the near future. A
feature that has recently developed in connection with
this phenomenal activity (which extends to all branches
of the iron and steel trade), gives occasion for special
encouragement. AYe refer to the reaction that appears
to be under way in many departments of the trade.

October 12, 1895. j

LHK CHRONICLE.

The great increase in demand which has occurred since
last spring has been attended not only with a marvelous
ncreaae in production but with a marked rise in
prices as well. Within the last few weeks prices have
fallen away to some extent. We regard this as in the
highest degree satisfactory, for it will tend to keep the
trade in a healthful state.
Money on call early in the week was active and loans
were made at 24 and at 3 per cent. The Bank return on
Saturday had disclosed the fact that four of the banks
held $8,857,000 out of the $16,471,525 surplus reserve
reported by all the banks in the Association, indicating
that by far the large majority were below the limit of
25 percent reserve to liability and that the banks in the
national system were consequently out of the market as
lenders of money. The market though gradually
grew easier, and on Wednesday money was loaned as
low as 1 per cent, considerable amounts were placed at
1£ and at 2 per cent, while transactions at 2£ per cent
were exceptional. On Thursday and Friday the range was
from 2 to 2£ per cent, with the bulk of the business at
2 per cent, and the average for the week was about 2}
per cent. The banks and trust companies quote
2 per cent as the minimum; some obtain 24
and very few 3 per cent. The feature in
the time loan branch of the market is the
desire of lenders to make contracts for long dates, and
these are offered on favorable terms, much depending
upon the grade of security and the standing of the
borrower. Rates on good marketable Stock Exchange
collateral are 2{ per cent for thirty days, 3 per cent for
sixty to ninety days, 4 per cent for four aud 4@14 per
cent for five to eight months. These rates are for
round amounts, and borrowers of sums of $10,000 or
under would be required to pay from £ to 1 per cent
above these rates. Re-discounting for institutions in
the interior is reported by banks having large corre
spondence as still good, with inquiries from nearly all
parts of the South, from the West and from the
Middle Western States. The notes are generally pay­
able on demand, and as 6 percent interest is charged they
are paid off as promptly as possible in order to stop
interest. The average maturities of notes made this
year has been about 90 days, against 85 last yoar. There
has been a better demand for commercial paper this
week, and one of the trust companies which was early in
the market secured the most desirable names, leaving
those banks which came in iator to mike selections
from those names which remained, and the high-rate
choice paper has nearly all been taken. The supply
now offering is not large, bat the aisortmiat is good.
Quotations are 4}(J|5 per cent for sixty to ninety-day
endorsed bills receivable, 5@5£ psr cent for four
months’ commission house and prime four months’
single names, 5£®6 per cent for prime six months’ and
6@7£ per cent for good four to six months' single
names.
Thrre have been two disturbing factors in the
European financial situation this week. One was the
speculation in Kaffir mining stocks, which early in the
week resulted in a feverish break at Paris, so newha1
affecting London, and later in the week there was
some disturbance on the London, Manchester and
Glasgow Exchanges, caused by the fail in those stocks.
Reactions followed in each instance, and the support
is reported to have come from parties who are largely
interested in promoting the speculation. Another fac­
tor was the action of the Powers in insisting that Tur­
key should cease to persecute the Armenians, and

633

the reply of the Porte not being satisfactory the
English fleet has been concentrated at the island of
Lemnos, the entrance to the Dardanelles. Though
the London market for securities has been somewhat
disturbed by these unsettling factors, the discount
rates have not been affected. The Bank of England
minimum rate of discount remains unchanged at 2 per
cent. The cable reports discounts of sixty to ninety
day bank bills in London |@L1 10 of 1 per cent. The
open market rate at Paris is I f per cent, at Berlin it is
2f per cent and at Frankfort 2f per cent. According
to our special London cable the Bank of Bagland lost
£1,045,674 bullion during the week and held at the
close of the week £41,726,641. Our correspondent
further advises us that the los3 was due to £744,000
sent to the interior of Great Britain, to exports o f
£562,000 (of which £300,000 were to the Cape, £130,000 to Egypt, £120,000 to the Argentine Republic and
£12,000 to the Continent) and to an import of
£260,000, of which £179,000 were from Australia
and £81,000 were bought in the open market. It
is a notable fact that the Bank of France lost
£1,354,510 and the Bank of Germany £497,500
gold during the week, making the total loss by
the three European banks, including that of Eng­
land, £2,897,684. It will be noticed that of theloss by the Bank of England £744,000 went to the
in terior.
The foreign exchange market was weak until Wed­
nesday, when it grew steady, and it was firm on the
following days. The market was influenced early in
the week by more active money, by a fairly liberal sup­
ply of bills, chiefly commercial against cotton, and by
a light demand. On Monday Ileidelbach, Ickelheimer
& Co. and Lizard Freres reduced rates to 4 87^ for
long and 4 88£ for short, and though there was
no change until the afternoon in actual rates for sixty-,
day sterling, sight bills and cable transfers were onequarter of a cent lower compared with Friday at 4 87£
@4 87J for the former and 4 87J@4 88 for the latter.
Before the close actual rates for long sterling were re­
duced and on Tuesday these opened at 4 86£@4 86£,
one half of a cent lower than on Friday, while short
sterling and cable transfers wore one-quarter of a cent
lower than on Monday at 4 87}®4 87£ for the former
and 4 87£@4 87} for the latter. The market was
then weak and the Bank of British North
America and Ileidelbach, Ickelheimer & Co. reduced
posted rates half a cent. Toward the close of the day
the tone grew a shade firmer by reason of the absorp­
tion of the supplies of bills, and on Wednesday it was
steady though not quotably higher for actual business,
and the market was then somewhat influenced by the
easier rates for money. On Thursday the tone was
dull and firm and at the close bankers quoted
rates for actual business one-quarter of a cent
higher. While some houses reported a fairly liberal
supply of near futurea agiinst cotton others asserted
that the offerings were quite light and at comparatively
high rates, such as 4 85£@4 85} for spot and 4 85 for
November, and it was claimed that the advauce in the
price of cottoa last week had induced shippers to hold
their bills for higher prices. Yesterday the tone was
very firm aud rates for actual business for long sterling
were advanced one quarter of a cent. Posted rates
were marked up half a cent by the Bink of British
North America and Ileidelbach, Ickelheimer A Co.
The following table shows the daily posted rates of ex­
change by leading drawers.

634

LUE CHRONICLE.

Fri.,
Oct. 4.
Brown RroS. . . . | m flty“ ;; 87
Baring,
<60 days..
Magoun & Co. <Sight,.. . .
Bank British ( 00 days..
No. America..} Sight.....
Bank of
(6 0 days..
Montreal...... ( Sight.......
Canadian Bank ( 60 days..
of Commerce. J Sight,.....
Hetdelbach.lck- ( 00 days..
elheimer& Co <Sight.....

mi
ss*
87*
83*
87*
S8*
87*
88*
88

80
JLaiard Freres.. j
’ 89
Merchants’
Bk._________
$«0 days.. 87*
_____
o f Canada.... \Sight..... 88*
88

Moil.,
Oct, 7.
87
88
07*
88*
87*
88*
87*
83*
87*
88*
87*
88*
87*
88*
87*
8SK

TU68m
Oct. 8.
87
88
87*
88*
87*-7
S8*-8
87*
83*
87*
88*
87
88
87*
88*
87*
88*

Wed.,
Oct. 9.
87
88
87*
88*
87
88
87*
83*
87*
88*
87
83
87*
88*
87*
88*

Thiirs.,
Oct. 10.
87
'83
87*
83*
87
88
87*
88*
87*
88*
87
88
87*
88*
87*
83*

Fri..
Oct. 11.
87
88
87*
88*
87*
88*
87*
88*
87*
83*
87*
88*
87*
88*
87*
88*

y firm on Friday at 4 87@4 87£
tor sixty day and 4 88@4 88| for sight. Rates for ac­
tual business were 4 86f@ 4 87 for long, 4 87-J@4 87f
for short aDd 4 87|@4 88 for cable transfers. Prime
commercial bills were 4 86@4 86£ and documentary
4 85|@4 86.
The Illinois Central continues to make handsome
gains in earnings. For the month of September its early
estimate indicates an increase in gross over last year of
$112,968, and for August its audited return shows an
increase of $44,769 in gross and of $81,122 in net. The
Mexican National for August reports $19,816 increase
in gross and $18,061 increase in n e t; the Southern
Pacific (including the affiliated roads), $17,789 decrease
in gross, $145,401 decrease in n e t; the Union Pacific
Denver & Gulf $1,166 decrease in gross, $3,555 de­
crease in net, and the Western New York & Pennsyl­
vania $3,727 increase in gross, $23,119 decrease in net.
The following is a four-year comparison for a number
of roads.
1895.
Name of Road—
I
Chicago & West Michigan.. .Gross
172,118
Net
42.701
Gin. Jackson & Mack...........Gross
04,868
Net
17.815
Detroit Lans. & Northern...Gross
110.127
Net
32.183
Illinois Central.....................Gross 1,040,060
Net
499,209
Mexican National................ Gross
308.037
Net
108,823
Ohio River............................Gross
92,002
Net
34,251
Philadelphia & Erie............ Gross
452,415
Net
174,090
Southern Pacific.................. Gross 4,130,738
Net
1,510,406
Toledo & Ohio Central........Gross
180,195
Net
02,792
West. N. Y & Pa................. Gross
829,943
Net
109,028

-August Eamings.1894.
1893.
*
*
158,201
160,679
42,100
29,800
60,235
55.491
19,084
10,084
109,725
105,990
28,159
28,102
1,595,297
1,908,856
418.087
022,683
348.221
319,029
150,702
127,681
73,059
70,537
35,790
37,474
422,399
433,553
140,522
95,257
4,134,371
4,017,410
1,007,330
1,484,020
239,178
149,548
109,341
48,948
328,215
299,021
132,147
74,273

1892.
$

193,164
54,879
74,439
28,231
126,400
47,916
1,591,017
3i3,751
444.701
177,855
90,5nl
46,635
513,035
166,364
4,593,055
1,852,080
198.973
70,713
325,880
113,649

The following statement gives the week’s movements
o f money to and from the interior by the New York
banks.
Received by Shipped by
N. T. Banks. N. T. Banks.

Week Endino Oct. 11,1895.

Oold....................................................

Net Interior
Movement.

2,350,000 $5,941,000 Loss.$3,591,000
211,000
674,000 Loss. 463,000

Total gold and legal tenders..... $2,501,000 $6,615,000 Lo38.$4,054,000

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

Week Endino Oct. 11,1895.

Out of
Banks.

Net Change 4t
Bank Holdings.

Banks’ Interior movement, as above $2,561,000 $0,615,000 Loss.$4,054,000
17,400,000 14,400,000 Gain. 3,000,000
Sub-Treasury operations.........
Total gold and legal tenders...... $19,901,000 $21,015,000 Loss. 1,054.000

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

October 10,1896.
Gold.

Silver.

£
£
41,720,641
78,867,579 49,653,583
31,511,446 13.504,905
21,81-5,000 13,003,000
8,004,000 11.500,000
4,273.000 6,811,000
2,987,333 1,493,667

October 11,1894.
Total.

£
41,720,011
128,421,102
45.016,350
34,903,000
19.604,000
11,084,000
4,481,000

Gold.

Silver.

£
£
BJngland.......
30,813,717
France..........
75,830,000 49,784,000
(Germany*....
32,272,000 13.182,000
Aust.-Hung’y
13,955,000 14,857,000
Spain............
8,001,000 9,058,000
Netherlands .
4,0.59,000 6,785,000
Nat.Belgimn*
3,250,067 1,625,333
Tot.this week 169,204,998 95,931,155 285,19.5,153 174,224,381 95,801,333
Tot. prev. w’k 191.998.502 98,809.783 288.808,286 175.120.362 90.380.007

Iota'
A
30.843,717
125,014,000
45,454,00<
28,812,000
17,002,Out
10,854,000
4,870,0' K
270,115,717
271.509,029

|V o l . L X I.

S O W TO SECURE P E R M A N E N T BU SIN ESS
P R O S P E R IT Y .
The business outlook has long been in great part a
currency question—that is, subject to prevailing cur­
rency conditions. Our currency remains to day of a
disturbing character, though when Congress stopped
the further manufacture of silver notes the relation­
ship between it and general business changed in a
material respect. Many overlook or do not sufficiently
regard this change. They are knowing to the mis­
chief our currency law caused, and conclude that the
situation cannot be corrected except through a law
permanently withdrawing from circulation the out­
standing Treasury notes, which in part occasioned the
harm.
That method of reasoning is natural. A radical and
thorough remedy for any evil is the removal of every
agency which aided in causing it. It is the same
method of reasoning which was widely used and became
so conspicuous by its noisy character and failure to con­
form to the results in 1877 and 1878. Gold payments
it was then said by many conservative people could not
even if resumed be sustained a month unless preceded
by a contraction of the greenback circulation. We do
not deny that contraction would have been the wiser
course; it would have worked a final and complete cure.
Time though proved the faultiness of the conclusion,
that it was the only means of relief and that without it
there could be no gold payments and no business re­
covery ; there was another remedy and for the time be­
ing just as efficacious. It consisted in the natural dis­
tribution throughout the country, to meet the demands
of expanding business, of the congested currency, and
its active employment in carrying forward the revival
of our internal commerce.
We refer to this matter because so many usually good
judges cannot now trust in any term of business pros­
perity which is not preceded by a complete reformation
of our Government note issues. No one would like to
have that end secured at once more than we would.
We think all conservative classes should be unremitting
in their efforts to keep active the continual agitation of
the subject of currency reform until the people are
educated up to the point of giving the country a sound
system. But Congress would not authorize contraction
in 1879 or before that date, though the subject was
earnestly pressed in anticipation of gold payments; and
hitherto Congress has failed to do so to meet the present
crisis. Judging from appearances, although some errone­
ous currency views have weakened since the last session
of Congress adjourned, the chances are that the next
session of Congress will disappoint the hopes of those
who put their faith in any radical currency action the
coming winter. Under these circumstances it is grati­
fying and suggestive to recall past occasions when the
country was suffering from a somewhat similar cur­
rency congestion, and when business revival afforded
active use not only for the idle greenbacks but forced
gold imports in large amounts, and so further fortified
the currency situation.
There is one measure of relief our law makers
may grant and which in a contingency may be needed
and used.
Although we have no hope that Con­
gress will enter upon a course of currency contraction,
not unlikely it can be induced to give the Treasury
power to issue a 3 per cent or less temporary loan
certificate. If the banks were authorized by the
act to count the certificates in their reserve, and

O c t o b e r 13, 1895.J

THE CHRONICLE.

635

the certificates were made payable at their lace value II emplo ment to the idle surplus. This happenea in
on demand, the Secretary could probably put out 1891, when the results of 1890's inflation were already
and ketp out all he wanted at 2 per cent-. This device, nearing a serious crisis, and it is possible that a similar
while our currency is in its present congested condi­ trade relief is now developing.”
Here we have the situation and the remedies. There
tion, could be employed to such an extent as to proba­
bly prevent the money market dropping lower than 4 is no hope at all that Congress at the approsching ses­
per cent, and so in large measure regulate and check sion will pass a measure contracting the circulation.
gold exports and in that way protect the Treasury re­ That mode of relief can among the events possible to
serve. When the money market rose higher than 4 occur be dismissed from public anticipation. There
per cent they would probably he presented for pay­ remain then only two other ways through which a cor­
ment and the monetary sitnation be relieved. Of course rection may come. The natural one is the movement of
if renewed business activity should make a use for the money to the interior now in progress and which we
surplus currency, and it should thus become distrib­ have some reason to hope may continue until it reaches
uted throughout the interior, there would probably be large proportions. The other is a method for tem­
no call for the negotiation of these certificates, since porary contraction, that is for regulating the rate of
the money market would be relieved of the congestion interest and so protecting the Treasury gold reserve.
and the outflow of gold would be regulated in a natural We believe that if by either of these ways our inflated
way, as it was in 1879 and 1880. But so long as the currency can be regulated and the business derange­
Government is in the currency and banking business a ment it has been causing arrested, the next five years
law of the character indicated is highly desirable, will he by far the most prosperous the country has ever
___________________ _
and we trust Congress will not fail to grant authority enjoyed.
for some such issue as we have suggested. If that
IN D E P E N D E N T A U D IT ,OF R A IL W A Y
statute could be enacted the mere possession of the
ACCOUNTS.
authority on the part of the Government would be an
Without doubt Mr. Joseph Price voices the opinion
assurance of safety, and its exercise might never he
of a good many European investors when he declares
required.
By these means a recurrence of the embarrassment it would promote confidence abroad in our railroad
experienced the past year by the gold outflow would securities if there were an independent andit of the
be wholly removed. Very likely it will be removed accounts of the companies. Mr. Price is the Vice Presi­
through the currency movement to the interior now in dent of the New York Ontario & Western and of the
progrt s?. That movement has been a little less this Grand Trunk of Canada, and has also for many years
week thau it was last week; bat this indicates only a been prominently identifi*-d with the English Associa­
natural fluctuation in the demand and does not indi­ tion of American Bond and Shareholders, and thus,
cate that the demand is satisfied, Even the ordinary both from his knowledge of American railroads and his
crop demand is by no means satisfied. Front the nature acquaintance with European investors, he is well
of the case the interior requirements must be of a very qualified to speak regarding the matter. At the re­
different character from the annual flow for moving cent Ontario & Western meeting and in va­
crops. This perhaps is especially true of the North rious interviews lately he has laid great em .
west, where the lack of crops the previous year left phasi3 on the point referred to. His views
producers with no surplus cash, no household hoards, are tersely stated in the following from one of his
to draw upon for future wants and daily use. It is quoted utterances : “ There is a want of confidence in
true also of the South, where the yield of cotton was London as to the accuracy generally of accounts of
large but the price received for it did not cover cost American railways, arising from the fact that there is
of production. In a word, our farming sections now no audit of those accounts. The need of this has been
not only need currency for moving their products but painfully apparent in some important ins'aoces of late.
likewise presumably for the ordinary surplus which, I think that a very great step towards establishing the
as the crops are turned into cash, will be required for credit of American railway shares in Europe would be
each planter's little store and for each small com­ an audit of this nature, and I would like to present
this subject to the serious consideration of American
munity's larger exchanges.
The Evening Pont put the whole case of present railroad companies. In England independent auditors
currency complications and curative methods into brief are elected by the shareholders. They are independent
and dear form a few nights since. It stated, after of the boards of directors, and are held responsible for
showing how fiat money hud been heaping up at the the accuracy of their certifications.”
The -dews here expressed have long been held on the
seaboard cities in such enormous stocks as to be unloanable, and so driving out foreign capital and other side, and it has time and again been urged that
thereby forcing gold exports,— after recalling these American railroads must adopt the English system and
facts, it said that there were three obvious ways have their accounts examined and certified to by ac­
In deference to this sentiment and in
of correcting this situation and checking these countants.
part
no
doubt
also because they thought the practice
exports. “ The inflated currency, first, may be
a
commendable
one, two of our railroads, namely the
contracted by retirement of legal tender-noteB.
New
York
Ontario
& Western and the Denver & Rio
In this direction Congress has done no more than to
check farther inflation. Or, second, a Government Grande, have had their accounts regularly audited for
revenue may be established so large as to lock up in the last eight years. Ia both of these companies the
the Treasury an enormous amount of money, and thus foreign interest is very strong, and they are the only
indirectly contract the circulation. This process, ap­ prominent railroads that have seen fit to incorporate
plied in 1880 and 1887, probably saved the United this feature as part of their regular practice, though
States from a break-down of its Government finances one or two minor companies, to improve tbeir standing
eight or nine years ago. * * * The third alterna­ before the public, have also given a real or a quasi adtive is an increase of interior trade so large as to give I herence to the idea by having au accountant's certifl-

686

THE CHRONICLE.

cate appended to their reports showing that the ac­
counts had been subjected to a more or less
close examination and found correct. Incidentally
we may say that in the case of the Illinois Central
it has long been the practice to hare a committee
of the board of directors examine the stocks, bonds
and other assets of the company to see that they
agreed with the schedules of the same as given
in the balance sheet; we presume other companies
have in operation like checks and safeguards to pre­
vent peculation and fraud; but of course this is differ­
ent from the system advocated by our friends on the
other side.
It must be admitted that the arguments in favor of
an inspection and examination of the books and records
of the companies to verify their accuracy are much
stronger than they were, that they have been measur­
ably reinforced by the events and developments of recent
periods, just as Mr. Price suggests. So the demand for
an independent audit is not to be brushed aside lightly
the same as in the past and as if there were no substantial
reason for making it. Up to the time of the Atchison
disclosures it was difficult to point to any case where
the absence of an audit, such as proposed, had worked
any harm. But that occurrence changed the situation.
There we had a clear case of a misstatement of the
earnings and accounts. The case stands all by itself
and may be saTd to be sui generis, no other instance be­
ing known where at the direction of the highest exec­
utive official the accounts of a railroad have been stated
erroneously. No doubt the Reading occurrence will
suggest itself to many in connection with that of the
Atchison, but that was an affair of a totally different
kind. There the collapse was the result of specula­
tions in which heavy losses were incurred— the books
were correct. But though the Atchison case stands by
itself, it yet furnishes a plausible contention in favor of
an independent audit. If such an act was possible in
the Atchison case, what is to prevent its occurrence in
other cases ; that is the argument advanced, and it is
difficult to meet it.
But while admitting the force of this plea, it is open
to question whether any such advantages would result
from an independent audit as is claimed or believed
there would. At the outset the manner in which
the voting power of the shareholders is exercised in
this country should not be overlooked. The stock­
holders do not attend the annual meetings or vote for
the directors in person, except in very rare instances;
they are represented at the election by proxy, and the
proxies are held by the few persons who control the
affairs of the road in each case. When this fact is
remembered, it at once becomes evident that to speak
of an election of independent auditors by the share
holders is a misnomer. The same power that elect( d
the directors, namely the proxies, would also elect the
auditors, and the control exercised by this power would
be as complete and illective in the one case as in the
other. We notice, too, that with both the Ontario &
Western and the Denver & Rio Grande the same aud­
itors have been continued through all the years,
Messrs. Barrow, Wade, Guthrie & Co. having acted
in that capacily year after year for the Ontario
& Western
and Mr. Charles Wheeler for the
Denver & Rio Grande. Not unlikely this would
be the course in other cases should the practice
of having an audit find general favor or be insisted on.
Obviously in such cases the policy of continuing the
audit ors might not be free from objection as it is with

[V o l . L X I.

the two companies named, the reason being that under
it the auditors become fixtures, the same as the
regular officers of the road, and are subject OLly to
change when the management itself is changed. Of
course where the management, as in the case of the
Denver and the Ontario & Western, was absolutely be­
yond reproach and had nothing to conceal, but on the
contrary was anxious to submit its accounts to the most:
rigid inspection and scrutiny, they would appoint aud­
itors that were really independent, just as these two com ­
panies have done; but in such instances there ia
really no occasion for a separate audit. On the ocher
hand, where the management (holding the proxies)
was not incapable of questionable acts there would ba
nothing to prevent their choosing auditors of the
same character as themselves, making them their
creatures, thus defeating the very purpose of an inde­
pendent audit. If the stockholders exercised the vot­
ing power, as they do in England, instead of delegat­
ing it to others, this of course could not happeD, for
then the holders would see to it that there was abso­
lutely no connection between the auditors chosen and
the management whose accounts they were to pass
upon.
If we apply the above reasoning to the case of the
AtchisoD, it at once becomes evident that there is no
assurance that an outside audit would reach instances
of that kind. It should not be forgotten that the ex­
ecutive under whose administration the acts in question
occurred was himself an expert accountant, that the
entries were made at his express directio n, and that if
a separate audit had existed at the time no one could
have held the position of auditor who was not entirely
satisfactory to him. It is equally clear that the plan
proposed would not meet cases like that of the Reading.
An independent audit would tend to disclose
transactions of that nature, and in that sense
would be beneficial, but it could not prevent,
them; it will be recalled that the purchases of Mr.
McLeod, which resulted so disastrously to the Reading,
had all been approved by the Board of Managers, and
thus the fault was one of management, and was not at
all traceable to bookkeeping or accounting irregularities
or defects.
We mention these two conspicuous instances because
they have done much to discredit American railroad
management in the eyes of the world, and because it is
in the highest degree desirable that a repetition of such
occurrences be avoided. But can they be avoided
under the adoption of the English practice of having a
separate audit ? We have seen that it is at least doubt­
ful whether they could in a case like that of the Atchi­
son, and certain that they could not in a case like that
of the Reading. Furthermore, it has been shown that
under the methods of electing directors in this country
an outside audit could not in any event be so con­
clusive as in England. When all this has been said,
however, it still remains true that a great many
security holders in Europe think that a separate audit
would be a protection to their interests. And we are
not at all sure that in this view it would not be best to
accede to their request. The circumstances of the
case must control in each instance.
In reaching a conclusion one important considera­
tion should not be lost sight of.
When sifted down,
it will be found that the demand for an independent
audit arises after all out of a desire to seek protection
against unfortunate investments in our railroad securi­
ties. Mary of the foreign purchases of American

O c t o b e b 13, 1895.1

THE CHRONICLE.

stocks and bonds have proved unprofitable, and the
holders want a remedy for this condition of things.
They have read the indiscriminate charges against our
railroad officials, and they have hastily formed the con­
clusion that what is needed is a check upon the meth­
ods of accounting.
As a matter of fact irregularities
in accounting have played an exceedingly minor part
in the disasters in the railroad world— a part so small
that in the total result they might with justification
he entirely ignored ; and even the speculative element,
which was a prominent and an objectionable feature
in the early years of our railroad history, has now been
almost entirely eliminated.
On the other hand there
have undoubtedly been mistakes of policy and errors of
judgm ent on the part of the managers in numerous
instances. But these are entirely outside of and have
no connection with the methods of accounting, and
the most extended and the moat perfect audit in the
world could not operate to avert such mistakes and
errors.
Tne disasters to our railroads have arisen from a va­
riety of causes. Overbuilding of new mileage has been
one of these, based on a too sanguine estimate of the
future possibilities of traffic.
The managers may per­
haps justly be held responsible for this error, bat most
o f the other causes have been entirely beyond their
control. Among them may be mentioned the enact­
ment of the I iter State Commerce Law, with its longand short-haul clause and its prohibition of pooling,
the action of State legislatures and railroad com_
missions in reducing rate* and hampering the rail,
roads in other ways, the repeated failure of the crops ?
and finally silver issues and the panic of 1S93, with the
succ eding period of great industrial prostration all over
the country.
These are all facts beyond dispute, and they deserve
to be stated in justice to our railroad managers. Even
in the Atchison case, reprehensible though the acts of
the late executive were, these acts cannot be regarded
as the cause of the present condition of the property.
The over-statement of earnings for a time gave a ficti­
tious appearance of prosperity to the com piny's affairs,
and as a consequence we may suppose some investors
were induced to buy the securities who otherwise would
not have touched them. la this sense the occurrence
has of course been very harmful, besides throwing
discredit upon American railroad management. But
it has no diminished the earning capacity of the prop­
erty to the e x e n t of a single dollar, and the reason
why the company is not able to pay dividends on its
stock the same as formerly is found in the fact that a
few years ago it built 1,000 miles of now road in K msas
at a time when two other companies built a like amount
each ; that it built other extensions and additions;
that as a result it enormously increased its obligations
and iiabilities, and that since then it has suffered from
all the other drawbacks and depressing influences, enu­
merated aboro, in common with the rest of the rail­
roads.
It may now fairly be claimed that a turn has
occurred in the general railroad situation and that
henceforward very decided improvement wili occur.
Bail road managers have learned a great deal by their
experience in recent years, and many of their past
errors will not be repeated. At the same time the
grain crops are large and business is reviving all over
the country. In addition some of the companies may
adopt the suggestion of an independent audit. But
where this is done the investor should clearly under­

637

stand that it in no way relieves him from any of his
own duties and responsibilities. If he wants to ensure
good management he must exercise care in selecting
the managers in the first place and then be duly watch­
ful of their acts thereafter. An audit can form only a
poor substitute for his personal attention. In the in­
vestment world, no less than in the political world,
ceaseless vigilance is the price one must pay to protect
his possessions. Mr. Price throws out some hints as to the
advisability o f having an audit by the Inter-State Com­
merce Commission. W ithout wishing to enter upon a
discussion of that proposition, we will only say that it
does not seem to us it would be regarded with favor
anywhere, and perhaps least of all by Congress.

THE NEW TRUNK-LINE COMPACT.
The event of the week to which the foremost place
must be assigned, in its far-reaching effects, is the
iction taken by the Trunk Line Presidents on Thurs­
day. A t a meeting called for this purpose on that day
r,he new agreement for the regulation and maintenance
of rates, after being thoroughly considered, section by
section, was formally ratified and approved, with some
viry minor and unimportant changes. N othing now
remains but to have the agreement drawn up in proper
shape for signature, and a committee has been ap­
pointed to put the document in form for final action at
t future meeting. 0.' course the compact must also
oe passed upon by the boards of directors of the several
companies, but their adhesion to it is assured in advaree by the course of the Presidents, who have acted
with their full authority.
This agreement marks an important departure in the
{fairs of these lines and at the same time constitutes
>ne of the most noteworthy steps ever taken by any
oody of roads in this country. We commented on the
scheme when it was first proposed, several weeks ago,
and furnished an outline o f its leading features.
Since then the agreement has been revised in some
.£ its details, and the phraseology altered in a number
,f respects. But no change has been made in the
isontial features of the plan, which remain as origi­
nally proposed.
The agreement has nowhere been
minted in fuli, and in fact only very imperfect sum­
maries of it have been furnished the newspapers. Our
r aders will therefore appreciate our efforts in securing
f r them a copy of it. We are able to give it both in
•.he form originally proposed and in the form in which
it was submitted on Thursday and (with only very
trivial changes) adopted. The document wili be found
on pages 613 to 045, and we advise all our readers to
peruse it carefully.
We think the general public have no conception o f
the great revolution which this scheme, if carried out
in its full purpose and intent, will work. By many per­
sons it 1b looked upon as of a kind with those periodical
agreement* which have been so numerous in the past— ■
made one day only to be broken the next. We do not re­
gard it in that way. T o u* it appears as if the managers,
determined to prevent the ruinous cuts in rates that
have been common so long and have been so disastrous
iu their effects, had finally hit upon a scheme which
promised to attain the end sought.
The delegation of the rate-making power on compet­
itive business to a board of nine men, elected by the
different roads, would not in or by itself he especially
important. It is the fact that this rate-making body
is endowed with the necessary authority to enforce its

638

THE

CHRONICLE.

control of the rates that gives to the new compact force
and distinction. Previous agreements have all failed
at this point. The managers might bind themselves
in apparent good faith to live up to an agreed schedule,
but the solicitors in their efforts to secure business,
each for his own road, would soon upset the whole
arrangement again and bring about renewed demor­
alization.
Under the new plan these solicitors will be
directly under the control of the rate-making
board— if they offend they can be dismissed by
this board. The same body is also given control
over the fast freight lines. The general purpose of the
scheme is to do away altogether with separate soliciting
agencies and to replace them by joint agencies. As
pointed out by us in our issue of September 14, the
abolition of these separate agencies will not only
remove one of the most serious obstacles at present
existing in the way of the maintenance of rates, but
it will make possible a great saving in expenses.
The plan is to remain in force five years, and
contains many other special provisions besides those
mentioned calculated to make the control of
rates effective and ensure the success of the
scheme. Of course we do not imagine that all
the changes contemplated can be inaugurated in
a day. It will take time to effect them. But this
much is certain, very important benefits to the roads
will result from the very start. For it should be un­
derstood that without making any advance at all in
existing schedules, but simply preventing the secret
cuts and rebates which have so long been tolerated,
many millions of dollars will be added to the revenues
of the roads. It is no exaggeration to say that with
this agreement in force the condition of the trunk line
properties is greatly strengthened and their outlook for
the future very materially improved.

If any further evidence were needed of the excellent
character of our grain harvests the present year it
would be found in the report of the Agricultural Bureau
at Washington, issued this week, on the condition of the
crops. In the case of corn the result is fully up to the
best expectations, while in the case of both oats and
wheat the results are considerably in excess of previous
estimates.
The Bureau in its present report of course does not
attempt to give the production for any of the crops.
That is never done until the issue of the December re­
port after the close of the year. But it furnishes
figures of condition for corn and estimates of the yield
per acre for oats and wheat, and from these a very good
idea can be obtained of what the final report when
issued is likely to show. To furnish a survey of the
entire crop situation, we give first a summary of the
general averages for the last eight years.
CONDITION OF CROPS.
1895.
orn........ ..95-5
cfewheat8d*8
ta toes....87-4
oba cco.....80*3
C otto n .. . ...65*1

1894.
64-2
72-0
64-3
84-5
82-7
AVERAGE

1895.
W heat___ ..1 2-5
R r e . ....... -1 4 -4
Oats.........
B a r le y ...

1894.
13-1
13-7
24-5
19 3

1893. 1892. 1891. 1890.
75'1
79*8
92-5
70*6
73*5
8V6 92-7 90 7
71*2
66-7
91 3
61-7
741
830
93-8
85-4
70*7
73*3
75-7
800
YIELD PBR ACRE—BUSHELS.
1893. 1892. 1891. 1890.
11-3
13-4
15*3
11*1
13*3
12-7
14-4
11-8
23*5
24*3
28-9
19-8
21-7
23*7
21-0
25-8

against only 64'2 for 1894 and much the highest aver­
age for any of the years given. The yield of oats is
estimated at 29'6 bushels per acre, against 24 5 in
1894 and 23'5 bushels in 1893, and here too the 1895
figures are the best for all the years. The same i s
true also of many of the other cropg. Cotton of course
forms a noteworthy exception, and the shortage in that
crop is reflected in the reported low average of 65-1,
though in the view of some good judges this gives an
exaggerated idea of the djficiency. Below we show
'he condition of corn for each of the leading corn-pro­
ducing States.
C O N D IT IO N O F C O R N .

Stales.

1895.

1894.

Illinois...............
Iow a..................
Missouri............
Kansan...............
Indiana.............
Nebraska..........
O h io .................
Michigan..........
W isconsin........
Minnesota.........
T ex a s................
Tennessee.........
Kentucky..........
Penney lyania...

99
96

78
47
70
45
78
14
71
56
54
59
82

1889.
91*7
90-0
77*9
80*7
81-5

1888.
92*0
79*1

1889.
12-9
11-9
27-4

1888-

86-8
85*7
78-9

l l 'l

12*0
26 0
21*3

22-2
The comparison in the case of corn is here very
striking— an average of condition of 95-5 for 1895

111
80
92
50
87
89
87
94
104
99
99
83

A v’ge U. Staten.

95*5

1893.

1892.

1891.

1890.

1889.

92
95

90
97
96

86

77
85

83
94
93
97
85
74
84
91
97
98
98

72
73
80
43
71
54
60
72

95
76
75
73
61

71
79
82
70
77
78
80
70
80
85
93
89
81
82

64*2

75*1

79*8

92-5

66

93
89
64
61
65
70

68
86

86

86

97
76

86

85
72
76
80
83

98
95
89

70*6

91*7

As the corn crop exceeds all other crops in import­
ance, we have undertaken to furnish an indication
of the probable yield for the different States by apply­
ing the foregoing figures of condition to the changes in
acreage previously reported.
The result appears in
the following, in which we compare the indicated
product for 1895, arrived at in this way, with the
Bureau’s estimates of production for previous years. We
show in the same table the indicated production of
oats, based on the reported yield per acre.
Corn.

Illinois............
Kansas............

IN D IC A T IO N S O F CROP Y IE L D .

[V ol. L X I.

Texas..............
Tennessee......
Kentucky.......
Pennsylvania..
Wisconsin......
Michigan......
Minnesota......

Indicated
Production,
1895.
Buxhels.
258.890.000
238.410.000
107.909.000
229.849.000
168,026,000
125,701.000
91.095.000
99.068.000
81,927,000
88.000,000
40.510,000
53,239,000
34,689,000
30,608,000
30,045,000

Pro­
duction.
1894.
Bushels.
81,344,010
109,121,491
43,797,728
116,011,054
13,855,524
90,8s8,377
71.973,737
09,338,676
08,000,316
67,892,297
40,749,376
38,437,824
16,292,200
21,757,447
18,933,232

Oats.

Minnesota......

Pennsylvania.
New York.......
Michigan........
Nebraska.......
North Dakota.
South Dakota.
Texas.............

Indicated
Pro­
ProducVn, duction.
1895.
1894.
Bushels.
Bushels.
73.712.000 109,059,302
182,952.000 90,550,072
78.004.000 50,800,078
63.047.000 57,870,014
30.072.000 25,705,975
31.415.00 > 29,143,237
30.553.000 25,440,944
30.550.000 20,226.740
45,080,000 30,320,758
23,255,000 24,429,574
39,913,000 19,747.400
25.900.000 35,809,040
19.007.000 14,114,697
18,165,000 6,992,972
14,573,000 20,013.119

Total............ 1,753,232,000 932,453.955 Total............ 712.S5*,000 571,29i .,51?
All others. —
619,022,000 280,316,097 All others....... 112,030,000 90,746,411
Total U. 8 ...... 2,372,254,000 1.212,770,052 Total U. 8...... 825,494,000 002,036,928

It will be seen that the indications point to a corn
crop but little less than 2,400 million bushels, de­
cidedly the largest crop ever raised, and practically
double the short yield of last year, when the product
was only a little over 1,200 million bushels. The con­
trast with the previous year for some of the States, as
will be seen, is very noteworthy, Iowa showing a crop
of 258 million bushels, against only 81 million bushels;
Illinois, 238 millions, against 169 millions; Kansas,
167 millions, against 41 millions; Missouri, 229 mil­
lions, against 116 millions, and Nebraska, 168 mil­
lions, against 13 millions.
In the case of wheat and oats, as the Department fur­
nishes the estimated yield per acre the results
worked out by us should be very close to the figures
likely to appear in the Bureau’s final report at the
close of the year. It will be observed that the indi­
cated production for oats is over 825 million bushels.
A month ago the indications pointed to a yield of about
730 million bushels, which would have made tho

crop clo39 to the largest ever rai3ed. The addi­
tion no* of nearly one hundred million bushels places
the crop far beyond that of any previous year and
163 million bushels in excess of the yield for 1891.
We may say that competent authorities put the
total even higher than that here given, placing it
in some cases at 875 million bushels. In wheat, too,
there has been a considerable addition. It will be
remembered that the winter-wheat harvest was poor,
but that the spring-wheat crop has generally proved to
be the best on record. The total yield of wheat, how­
ever, based on the Bureau’s figures, has not heretofore
been estimated higher than 400 million bushels ; now
the figures point to a crop of 423 million bushels*
Here are the results for the different States.
W H E A T CH OP F O R F IV E Y E A R S.
In d ica ted
P rod a cV n ,
1806.

W KeaU

B ushels.
» /> 7 6 .0 0 0
19.MSI/1©
53.13J.000
2"!,4 !0,00<
3 0.910,00i0.1«9,OX>
M .790.000
S 4 ^ 6 ?,'X -

O h io .......................................
I n d ia n a
................

P ro­
d u c t io n ,
1801.
Bushels.
48.444.471
43,814,08*
37,753,433
15,950
30.378.700
33.312.370
33,835.800
15,834.255
73,313. WO

P ro­
d u c tio n .
1803.
Bushels.
38,916,606
35.579.404
80.894,483
23.261.973

15.507.313
W .43R .M *
90.6*1.180
ii,® > 7 .s sa
1*.4*2,00*
19.020.714
13.836.000
18,331,508
lM.4HO.OOOl 18^*48.700
IUHO.OK) 10,141.071 10.790.8*5
H .W 4.485
8.700.000' 9.366.176
9.2*0. oor U .005.043 I0.5 84 .4d l
*,*•00.000
9 /W 3 .7 «n
8.1 0 * 4»>
8 .740.re-t
1SMS7R0*) 10,7*7.400

1111n o t * .................................
ScmtH D a k o t a ..................
M ic h ig a n ...........................
O r e g o n .. . .........................
K a n t u c k F - .....................
W u h l i H t , * ....................

P rod u c t io n ,
1802.

P ro­
A u ctio n ,
1891.

Bushels.
88,Q23,OOn
30,885.000
41,210,000

Bushel$.
45.531,000
52,807.000
56.J»33,000

70.H3I.000
89.157.000
28.370.000

54,8*4,000
30,306.000
35.025,000

84,998.000 38,105.000
SI .787.000 20.714,COO
24.884,000 83,732,000
S V W .0 I 00 * \ a » . 0 0 0
19.331.000 20.854.000
t.TTO.W*
8 3 1 4 .0 0 0
ll.5 3 5 .0 u 0
9,0*5.000
7.857.000

I3.1IW.OOO
13.043.000
13.181.000
12,218,000
27.588.000

T o t a l - .......................
A ll o t h e r s ......

J&4.77i j x x a yi.row .i.ta S t5 .904.851
OH.TOl.OOO
70.I3T.07A

T o t a l (J n fta d H tatas ..

«**,«7r..OO» M n jH T .« 1 » l* M .lS I .7 i0 5 ia j» « » .0 ( D *11.7*0.000

74W.*iOO &17.962.0Q0
7 78 00 .00 0 . 98,828.000

To complete the record we present herewith one fur­
ther statement. In this we show the combined aggre­
gate of the crops in wheat, com and oats for five years.
C R O P * O F W H E A T , C O R * A T O O A T *.

TWai

j

1*0.

P r o d u c tio n .

1804.

1808.

1898.

|

1891.

Bush els.
1 Bushels.
Bushels.
Bus\eU.
n**heis.
......
2378.254 00*- 1314,770,054 1,810,408,idI 13*8384,000 2,080,154.000
W h n t ___ ___
489,475.000 480387,418 808.181.715 515340.000 **U.7irO.OOO
OnU ................ 805,4W4.O*-O 808.098.028 8*3*4300 861.045.000 7W4.»4.000
T otal...-------2i.« i.« a .ir o 8335.074.398 2.664.4*2.7** UO 6.AW .00T' 3 . 41 C M - .000

Com

It is only necessary to say with reference to the fore­
going that it indicates a total for the combined crops
1,300 million bushels larger than for 1894, 1,000
millions larger than for 1893, 800 millions larger than
for 1892 and even 200 million bushels larger than the
extraordinary total for 1891. Of the effects of such
excellent harvests upon the future of business and the
traffic and earnings of oar transportation lines, we need
not speak. The figures tell their own story.
RAILROAD

639

THE CHRONICLE.

October 12, 1895.]

GROSS EARNINGS FOR
SEPTEMBER.

Returns of railroad gross earnings for September fur­
nish clear evidence of the improvement in business
conditions which has occurred. There was during the
month an unnsnal number of unfavorable factors and
influence#, and this has made the results somewhat
irregular, and accounts for the fact that 42 out of the
126 roads contributing returns are obliged to report do
creases. But notwithstanding these decreases the final
result shows a gain, and this gain reaches in the aggre­
gate almost two million dollars, in exact figures II,997,302. In ratio the improvement is 4-57 per cent.
Unlike the showing in August, when the increase was
only 1-83 per cent, the present increase does not follow
an increase in 1894, but a decrease then and also a de
crease in the previous year. The loss last year amounted

to $2,878,167, and was explained by the small grain
movement, the absence of the passenger travel to the
World’s Fair, which had been such a feature in the year
preceding, and by the loss of a working day, the month
in 1894 having contained five Sundays, the same as the
present year, against only four Sundays the previous
year. The decrease in September 1893 was almost five
million dollars ($4,971,502), and occurred in face of the
large passenger business to the Fair, the depressing
cause having been the panic. The following will show
the September results for the last five years.
M ilea g e.

In crea se
or
D e e r e ' se.

E a r n in g s .

T ear
G iv e n .

T ear
P rec e d in g .

T ear
G iv e n .

T ear
P r e c e d in g

S eptem ber.
1801 1140 r o a d s ).........
LS92 -138 r o a d s )..........
1803 (131 r o a d s ).........
1804 (129 r o a d s ).........
1 89 5(12 8 r o a d s ).........

M iles.
87,754
9 2 .d l0
9<?,U.89
99,701
99.C25

M iles.
85.337
91,154
94,249
98,813
98.795

«
45,204,504
50,271,984
45.872.879
43,395,384
4 6 .; 21,823

$
41.472,704
48,854.200
50.844.381
40,273,551
43,724,521

J a n . 1 t o Sept* 30.
1891 (138 r o a d s )..........
1 892-135 r o a d s ) ....
1893 <128 r o a d s )........
1*94 (122 r o a d s ).........
1^96 il2 4 r o a d s ).........

87.533
9 0 .9 '2
98.109
97.716
97,981

85.115
89.510
93,019
90.912
9 7 .-3 1

343.788,212
377,100.033
387.067,005
333.219,294
861.076.41*

324.803,771
354.218,024
3*9,397,3 8
384.028,888
337.115.2*0

In c.
In c.
D ec.
D ec .
In c.

*
3 ,731.800
1,417,758
4.971,502
2,878,167
1,907,302

I n c . 19,484,4 41
Tnc 22.f-9I.609
D ec. 2.330,218
D e c .50.809,394
I n c .14.8*0.160

The unfavorable influences alluded to above as having
diminished earnings the present year in September
were of two kinds : those of a general nature and
affecting large sections of the country, and those of a
special nature affecting only limited districts or indi­
vidual roads. Chief among the former clas3 was the
smaller cotton movement, which acted on practically
all the Southern roads and which arose from the
backwardness of the crop. The extent of the falling
off may be judged from the fact that the receipts at
the Southern outports during the month aggregated
only 378,004 bales in September 1895, against 505,158
bales in September 1894, a decrease of 127,000 bales.
It is a noteworthy fact that this decrease extended to
all the ports, every one of which records lower totals
than for 1894, as will appear by the following table.
In 1893 the movement had also been small, and the
present aggregate does not differ greatly from that at
that time, though the figures at the various ports vary
considerably. As regards the movement overland, the
shipments were 18,040 bales in September 1895, against
31,908 bales in September 1894 and 23,961 bales in
September 1893.
RE C E IPT S O F C O T T O S A T S O U T H E R *

PORT*

I S S E P T E M B E R AMD F RO M

J A S C A R T 1 T O S E P T E M B E R 3 0 , IH 1 8 9 5 , 1 8 9 1
S eptem ber.

Ports.

AMD 1 8 9 3 .

S in ce J a n u a r y 1.
1805.

1804.

1898.

342,161
21 642
767.767
79,471
13,023
351.228
48.777
109.484
49.101
66.601
6,723
169.484
91,000

334.4F8
24.212
68 .687
00,982
7.463
290,' 53
13,879
7 0 ,9 -6
103
87,235
184
116,382
40,011

1806.

1894.

1893.

G a l v e s t o n .............. ..bales.
■k P a s o , A c ........................
N ew O r l e a n s ........................
M o b ile ...............
............

101,079
1,621
96,70b
16,340

128,307
2.969
124,459
20,707

d a r a n n a k ................................
B r u n s w ic k , A c .......... .......
C h a r le s t o n ..............................
P o r t R o y a l. Ac.............
W i lm in g t o n ...........................
W a s h in g t o n , A c ..........
N o r fo l k ....................................
W e s t P o in t , A c ................

*5.698
3,061
43.440
HI
19.120
33
10,379
1,8 8

110.028
4,282
47,683
10.621
20,273
03
13.780
3,277

98,631
645,91*1
1,458
8 1.4 )0
76,772 1.024,561
21,7.30
89,606
340
0,065
111,889 344,086
60,*- 02
1,172
20,283
158.314
82.087
63,0.86
14,040
159
7
13,973 100 ,2-2
8,101
99,487

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

378.004

605.168

370& 2 2,049,272 2.102,461 1.0P0.614

In the Central Western States—more particularly in
Ohio, Indiana, Illinois, Michigan, Kansas and Mis­
souri—the small movement of wheat, arising out of the
poor winter-wheat crop, has also been an important
drawback with many roads. The losses here, however,
have in some cases been offset by gains in the other
cereals—corn and oats—and it deserves to be men­
tioned that as the winter-whoat points reflect the short
winter-wheat yield, so the excellent spring wheat yield
is reflected in a free and full movement in the North-

640

fH E

CHRONICLE.

•western States. It happens therefore that the wheat
movement has on the whole been irregular, the springwheat roads having gained decidedly by reason of a
larger movement, and the winter-wheat roads having
lost by reaso i of a diminution in the movement. This
is well shown by deliveries of 9,108,975 bushels at Du­
luth in the four weeks the present year against only
4,695,938 bushels last year in the same four weeks, and
receipts of 9,859,800 bushels at Minneapolis, agaiust
8,295,180 bushels, these being both leading, springwheat markets. On the other hand, at Toledo, a winterwluat, market, the receipts were only 563,100 bushels,
against 1,916,200 bushels, and at Detroit, another win­
ter-wheat market, 292,340 bushels, against 601,080
bushels. Chicago is a point which receives both winter
and spring wheat, and while aggregate deliveries show a
heavy falling off, the loss is entirely in the receipts of
winter wheat, as appears from the fact that the inspec.
tion during the month comprised 593 car-loads of
winter wheat against 5,247, but 1,532 car-loads of
spring wheat against 22 car-loads. Full details of the
grain movement are given in the following.
B E C E IP T 8 O P F L O U R

A N D O R A IN
28

Flour,
Able.)

Total - 1 all4 wks. Sept., 1895
4 wks. Sept., 1894
Since Jan. I, J895
Since Jan. 1, 1894

FOUR

W E E K S E N D IN G S E P T E M B E R

A N D S IN C E J A N U A R Y X .

Wheat,
(bush.)

Corn,
(bush.)

Oats,
(bush.)

248A31 1,608,29
6,859,616 8,754,009
441,0S7 3,985,347 5,614,573 0,135,925
2,'u4«>,P55 0,434, *82 40,705,991 5'1,772,335
3,199,398 21,700,522 52,391,23o 51,060,200
22l/>25
985,400
242,32 <
762,624
1,3-14,210 5,305,314
I,6l0,7o9 5,631,509
74,115
95,312
685,763
938,683

340,300
49,000
3,474.175
2,737,200

6,509
120,'>55
021,008
684,534

80, HO
88.900
318,5 il
372,200

15,200

70,200
8,.00

120,000
171,000

292,340
001,080
2.000,759
3,916,921

107,722
115.250
98,511
223,350
1,333,238 1,310,119
1,011,922 1,414,386

0,200
75,023
23.0,333
345,610

5,077
5 i,17o
244,411
280,117

211,005
17 f,834
1,900,486
1,308,211

15,433
54,941
38.217
195,204
754.000 1,210,077
457,915 1,291,779

6, 50
104.350
40,299

113,400 1,003,210 1,875,550
073,250
129,800
633,600
673,
9,714.2:5 13,421,350
962,950 10,723,07' 11,648,000

68,800
177,200
879.200
757.60C

515,710 9,108,975
544.074 4,695,938
2, .17,718 21,652,309
3,709,000 15,594,162

137,552

9,859,800
8.295.180
30.458,180
33,318,510

40,090
04.500
661,905
1,350,079

567,735
607,603
1,241,192
3,451,380

600
5,333
189,270
332,885

687,864

1,404,005
1,068,850
0,804,110
7,069,155

11,625
13,555
106,659
112,100

17,619
21,000
253,139
195,300

Rye,
(bush.)

2/93.801
71,300
2.505,300
0,630,958 1,070,883
7,413,420
947,922

90,350
746,000 2,085,200
159.250 672,060 2,027,626
945,050 0,106.075 4,477,087
1,-.05,050 6,180,750 7,744,590

1,165,790
683,770
327,575
1,084,748
7.084,015 5,593,200
8,3 1,350 19,993,- 74

0,692
563,100
6,u75 1, 16,200
51,797 6,955.483
6r;,232 12,749,500

Barley,
(bush.)

cc
03

Chicago—
4 wks. Sept., 1895
4 wks. Sept., 1894
8ince Jan". 1, 1895
Since Jan. 1,1894
Milwrtukt e—
4 wks. Sept., 1895
4 wks. Sept., 1894
Since Jan. 1, 1895
Since Jan. 1,1894
Bt. Louis—
4 wks. Sept., 1895
4 wks. Sept., 1894
Since Jan. 1 ,189o
Since Jan. 1,1894
Toledo—
4 wks. Sept., 1895
4 wks. Sept., 1894
Since Jan. 1, 1895
S ince Jan. 1, 1894
Detroit4 wks. Sept., 1895
4 wks. Sept., 1894
Since Jan. 1, 1895
Since Jan. 1,1894
Cleveland—
4 wks. Sept., 1895
4 wks. Sept., 1891
Since Jan. 1,1895
Since Jan. 1 ,189a
Peoria—
4 wks. Sept., 1895
4 wks. Sept., 1894
Since Jan. 1, 1895
Since Jan. 1,1894
Duluth—
4 wks. Sept., 1895
4 wks. Sept., 189i
Since Jan. 1,1895
Since Jan. 1,1894
Minneaonlis—
4 wks. Sept., 1895
4 wks. Sept., 1894
Since Jan. 1, 1895
Since Jan. 1, 1894
Kansas City—
4 wks. Sept., 1895
4 wks. Sept., 1894
Since Jan. 1, 1895
Since Jan. 1,1894

FOR

75,765
41,582
560,322
200,9J5

107,176

89,400

401,039
522,762
444^386

L80 i

88,445
30'984
202,399
—

1,101.094
1,111,602
7,324,657
10,111,658

24,47 5,850 9,207,091 13.112,580 4,713 029
22,252,419 7,000,299 9,147.8 94
82,756.330 BS.871.KI4 80,671,943
11/7,025,045 90,34'/,503 80,205,900 17,438.640 2,00o',22q

It is well to point out that iu comparing with las^
year we are comparing with a period of heavily dimin­
ished grain receipts. For the purpose of illustration
we may take the figures at Chicago for the even month,
showing receipts of 1,793,373 bushels of wheat in
September 1895, against 4,244,329 bushels in S ptember 1894 and 9,945,721 bushels in September 1892.
In the aggregate of all grain receipts the totals are
20,643,412 bushels in 1895, as against 19,274,270
bushels in 1894, but as against 30,561,376 bushels in
1893 and 32,493,422 bushels in 1892— that is, while
there is a small improvement over last year's dimin­
utive receipts, the aggregate is much below the totals
for the years immediately preceding. And what is
true of the grain movement is true also of the live­
stock movement. Tne Rock Island, the Illinois Oen

[V o l . LXI,

tral, the Burlington & Quincy and the Alton brought
in less live stock even than in 1894, but in the aggre­
gate for all the roads there is a trifling increase over
last year, the total standing at 21,940 car-loads against
21,714 car-loads; in September 1893, however, the
deliveries had been 24,843 car-1 sals and in S ptember
1892, 28,367 car-loads. In the provisions movement
there was a falling off from last year, as may be S8en
by the following, showing both the grain and the pro­
visions figures.
R E C E I P T S A T C H I C A G O D U R I N G S E P T E M B E R A N D S IN C E J A N U A R Y 1 .

September.
1895.
■Vheat.bush.
Oorn. ..bush.
Oats.. bush.
*iye.. .bush.
larley.bush.

1,793.373
7,229,201
9,341.581
73,966
2,205,211

Total grain 20,013,412
••'lour., bbls.
269,200
r'ork. ...bbls.
462
Outm’ts.lbs. 9,099,054
Liard......lbs.
1,803,870
Live nogsNo
448,284

1894.

Since January 1.
1893.

1896.

4.244,329 3,e21,780 6,538,926
5,855,2/3 14,244,591 40,9C1, 89
6,500,198 11,686.919 51,29l,0r;8
129,370
151,208 1,064.883
2,545, LOO
853,878 0,007,202
19,274,2:0 30,501,370 106,513,328
451,815
430,758 2,048,221
665
557
7,503
13,207.632 9,036,338 124,143,610
8,081,161 4,149,051 30,191,194
411,915
648,871 5,306,888

1894.

1893.

21,718.521 20.380.547
52,419,370 02,285,163
51,0.5.239 00,036,743
947,922 1,110,477
7,410,439 6,419,214
133,521,49: 150,838,144
3,198,398 3,469,617
3,9 6
4,815
99,907,8 ?5 89.280,915
49,906,707 39,069,000
5,181,371 4,369,101

A very serious adverse influence with the roads west
of Chicago and down into the Southwest was the very
unsatisfactory situation of freight rates. There ware
first cuts in coal and lumber rates, and then the
trouble spread until at the close of the month the whole
body of west-bound rates was affected, and pretty gen­
eral demoralizition prevailed.
Tne situation has
grown still worse since then. An exception to the rule
is found in the case of the freight schedules to points
in the territory on the North Pacific Coast. Taere
rates were advanced, according to previous agreement,
on September 20, after having ruled very low since the
spring.
Among the unfavorable influences which affocted
only limited sections or special roads we may mention
that a fire in the Bozeman (Montana) tunnel caused a
freight blockade on the Northern Pacific, which, after
continuing for several days, was finally brokm by the
laying of a switch-back over the mountain. In Michi­
gan the strike of the iron ore miners, which had lasted
for several months, assumed a very threatening aspect,
and the State militia had to be called out to preserve
the peace. The strike was settled by a return of the
men to work on the 20ch. Strikes at the coal mines in
various parts of the country were also a serious draw­
back. The Wheeling & Like Erie suffered from a
strike in the Massillon district, the Western New York
& Pennsylvania from a strike in the Reynoldsville dis­
trict, the Columbus S mdusky & Hocking from a strike
at the Cbikdale m'ne from the 10th to the 13th and a
strike at the Congo mine from the 24th to the 30th.
A favorable circumstance with the roads running out
of Louisville was the holding of the Grand Army En­
campment at that point.
The benefits arising from the large spring-wheat
movement in the Northwest are shown in the increase
of $417,256 in the earnings of the Great Northern sys­
tem of roads, making the total decidedly the largest
for any September in the history of the road. The
effect is also seen in the g lin of $272,915 by the St.
Paul, of $127,329 by the Burlington Cedar Rapids &
Northern, &c., &c. 0:her large gains in various parts
of the country which deserve enumeration are $184,912
by the New York Central, $121,289 by the Mexican
Central, $120,157 by the M ssouri Pacific, $112,963 by
the Illinois Central, $100,048 by the Southern Railway,
$94,032 by the Northern Pacifi •, $61,728 by the A chison
The largest loss by any company is that of

THE CHRONICLE

OcrOBfR 12, 1895 1

611

The east-and-west trunk lines all show gains,
the Texas & Pacific for $87,645 ; the loss is explained
by the smaller cotton movement and the demoraliza­ though only for moderate amounts, so far as we have
tion of rates in the Siuthweit. The following is a returns from them. Several of the larger companies,
ike the Pennsylvania and Erie, never furnish the
full list of the gains and losses down to #30,000.
P R IN C IP A L CH ANG ES IN G R O S S EA R N IN G S IN S E P T E M B E R .
figures in time for our early statement.

I acreages.
I n c r e a s e **.
*35,495
GreatN ortbern (3 r'd s). $417,256 rhes. A O h i o .................
34,947
Chic. Mil St St. Paul . .
272,915 Canadian Pacific . . . . .
Ohio.
A
East
Illinois
.
.
.
30.789
N. Y. Central .................
184,912
1895.
Septem ber.
Burl Ceil. Rap A N o ...
127,32*
Total
(representing
Mexican C e n tra l...........
121,289
1
20 roads)................ *1,901,253 B. * 0. S.W
Mo Pacific .......................
120,157
j 601.767
Illinois central . . . . . . .
112,968
Oh.
A
Miss.
D ecreases.
W abash............................
100,048
1,834,102
C.C.ASt
L
*57,645 C.
8out ern Railw ay.........
97,9 5 T exas A P clfle. .........
Q.T.of Cant 1/49,90S
Northern P a c 't lo ..........
94.03 2 Norfolk A W estern........................... 63,996
•221,085
Ateh. T. A 9. F - (3 rM*>
61,728
Ch.AG.T.i
T ctil (representing
Chic. Great W estern.. . .
53,251
•93,06 i
D.Q.HAMi
2 road s)................. *151,641
Louisv. N. Alb. A Chic.
36,232
N.Y.C.4E+ 3.973,203
1,175,158
Wabash__

On the whole the Northwestern roads, on account of
the large spring-wheat crop, have done better than any
others ; the Duluth South Shore & Atlantic has fallen
behind because of the strike of the iron-ore miners,
bnt there is only one other and minor road in that
group which is obliged to report a decrease. In the
following the gain over last year is very substantial,
reaching in excess of $900,000.
EARN IN G S O P N O R T H W E ST E R N L IN E S.
S epttsm A m ,

is m

■ a r t . r v j . i L A Hu.
C lu e . 0 4 . W « s t . . . .
C h ic.M tL A S L P . *
M llw * o k .V o . S
O l e . it. I. A P ee
D u lu t h - S .A A t).
O r e a t Next barn..
I o w a C e n t r a ) ...
M i q r. ,4 0C. L o g it
0 t . P a u l A D u lu th
T o t a l ................

1803.

IS M .

.

•
4d 1.834
4 l V /«

t
364.50’

3.'M2,290

M O0.375

4 .M I.' 80
151,617

1/ 2 2 . #1 1
170.4 *
1.676 607:

i n . ooo

19C.II0
l<tt>90

•
4K M *7
I t W

*00.0*9

1 9.158
1*4. UM
1*
:

*.»•*«. <XW 7.341.11*

1893.

1801.

1800.

1

1

$

437.400
664. an*

436.674
36LK80
5*7.47*
407 444
3.100.379 3.003/00 1.714/28
2 0 *5 .3 4 0 J
147.710
171.8 •
153.850
2 1 1 2 3 F - 2170.IW 1.847 480 1.723.246
310.761
33HL3 «■
IT U
280.5'»4
1,613.5.1
1.650730 l 666.6AU 1.811.453
180,70m
iTT.Tfi
181,432
172.033
iffiASn
176.304
to o ,: JO
162,820
166.361
330.118
1827*7
164.000
6H9HQ7M 4.W7.»4|

S.3BUW6

T in * ®!6

Southwestern rials hsve sutiered in some cases from
the smaller cotton movement, in other cases from the
effects of last yeai’s poor corn crop, and in addition, as
already mention* d, rates were demoralized. lienee it
is not surprising that decreases should come from a
number of roads. However, the gains are much the
more numerous. The following shows a small re­
covery the present year after a very heavy loss in the
two years preceding.
■Aftjvrvw o r ftocrriiw u rrs*.* o a o u r .
Ify h m J W .

1890

A . T . 4 6. F. t
Den. k Rio iir.
l o t . * O t. No
x o r jA m *
Mo K A Tex
M a .P A Ir .M t
J o U O r .l.
9 t .L S o u th *
T a x e s A Par
T o t a l.... . . . .
: r ------------ ---

IS M .

vm .

1691.

»
•
A W 4.623 A 17 I.S M
6 4 1 /0 0
6 *4
.151,0*1
M 4 U
s S S l .M l 4 377.661
1 .0 0 6 .W
5V.-SJO
61..710
4 1 4 /0 0
419.1-/7
536.673
6*1, *90

•
t /5 « /9 7 j
574.6410:
3*4,09*.
4 "J ,f IH|
e96,5M7>
I.9CH/7P
9 3 .3 'S
370.113
690.203

H.T74.SI6! A0O6.O29

9.115.731

”

■ -N—# v . . —

w o

p

|

i
4 /1 6 .3 1 3
02».74O|
464/741

4 3 0 /' l
V* >9.7 *
f . 464.110
91.040

A76S.126
1IM «!
4fS.7t9
6 1 5 /0 &

i

.
4.206.75*
007.00*^

90*. 0*6!

11 * * 7 /9 4
i

1*01.

.

i

l

417.1*1
660.116,

01.356
3 6 0 /3 9
9 0 0 0

1 0 /0 6 /6 7 '
4 UM VM IIM 414 I I I * S I IU I

All thw y « n .
I Cnloredo Midland exclu d ed for all th e y u a n .
• f l f a r # * b a n for 1**>S end l O i are «imp«y th e total* o f th e earning* for tha
fou r
th e m on th a» -sp orted in th e w eekly return* ; th e m o n th '* earn
la g * usually ex ce ed th e w eekly eetlm atee q u ite considerably.

In the Siuth, notwithstanding the smaller cotton
movement, the roads with gains greatly outnumber
those with losses. In the following the aggregate of
the earnings for 1895 slightly exceeds that for 1894.
_______

E A R N IN G * o r SO U TH ER N G R O U P .

i

m

1894.

1
•*W.TB0

9
TN.jftt

C h e# A O h io .........
g — .C M — . i m r . I e 44.351
L •'-04.040
L o u is * , fc .Vashw
M em phis A Char
•llA 4
M ob il* A O h io ..
1 7 1 /4 I
ffeah. b a t % et. L j eOTT/lt
Norfolk h We*«_A
779/mt
S outhern R w *y i I.<Bt,7W

ISOS.
1
909.09*

#73 9Ht
1.466AMI
66,979

ISM.
•
939.7*0
W.77I

tsei.
•
696,000
100,102

1/77.136 1,6*1, KO'
I32.29«i

129.333

1890.

16(1/00
92',. >9#
f77,075i
970.919
44M.ir
*7;/Lt! *51>«1
479.946
I6U.M;
820,776,
77 b.A**
9t6.:8t
I / ’ L 31 L 419,971 L671.166 1 / 1 / 1 4 ,
T otal
. n . , . 1 6.“ *rt.?|0 6.6 1 687 4.I7H.O0H s. *3.sie e. j m
6.9*1/73
a Figure# here fur i w and l « i «r * •
i total* o f t h e earning* for the
t
fou r w e*g* <rf t h e m ooch ae reported In the w eekly return ; t h e m on th 's ea m -

lag# ee ea lly ex ceed th e w sstlir w t l u u l e s qu ite o o u l d s f i M f ^ H
b Including Scioto T a lle y A !kew Fn gU n I and dnenandoah V alley for all the
yean.
c fU tunae for SmRetnbsw, I W , not repaired ; taken sam e ae last year.
• r i f i r w for fourth w e e a n*»t reported j taken sam e a* last r e a r .
• (>oee not include th e N lisabetblow n L exington Jk Big sUndy road In I hi*
year.
I Figure# are approxim ate, fe m e a* f o r tb it y e a r ! actu al earning* were larger.

$
587,543 j

1893.

1892.

1891.

t

$

$

1890.
$

107,977
4,212,116
1,406,143

237,730
408,008
1,305.134
1,707,4 2
280,897
105,309
4.128,055
1,350,142

221,541
392,380
1,252/30
1,739,525
296,732
101,567
3,592.880
1,193,032

9,703.330

9,528,733

8,791,093

1.205.677
1.641.304
210.405
97.304
3.788.351
1,075,510

228,461
361,750
1,237.762
1,741,255
634.511
99,788
4,221,704
1,297.172

24P.270
410,328
1,397,847
1,700,930

8,612,851

9,722,415

<

8.957,4' 5

Tot«L......

Taking the other roads (aside from the trunk lines)
in the Middle and Middle Western States, we find the
losses much more numerous than in any other section,
though by no means outnumbering the gains. It is not
surprising that they should be more numerous, bec.iuse
that is the section where the short winter-wheat crop
is most felt, and ako the BectioD where the bituminous
coal roads have suffered most from one cause or an­
other.
EARNINGS OP M ID D L E AN D M ID D L E W E S T E R N R O A D S.
S ep tem b er.

B aff. R o c h . A P it t .
C h ica g o A B a st. 111.
C h l e .A W e s t M ich .
C o l. U . V . A T o l . . .
D et. L a n s in g A S o .
B r a n s r .A T e r r e B .
n i n t A P . M a rq ___
(3 r. R a p .A i n d ..........
I llin o is C e n t r a l..
L a k e B r ie A W e e L
L o n g I s la n d .............
L o u .K r a u s .A S t.L .
L oots. N . A . A C h ic.
M. V . O u t. A W e s t.
P t t U b ’g A W e a t ’ n .
8t. L. A lt. A T . H
T o l. A n n A r .A N .M
T ol. A O h io C e n t . 6
T ol. P e o . A W e s t . .
T o l. 8 U L A K . C.
W est. N. T . A P a
W h e e l. A L . B r ie ..
T o t a l ....................

IS M .
•
2 0 4 /W
332.0*0
Ul71,184
386.9*6
OM.7R1
10O.0JM
206,732
242.9
1 ,6 9 6,2 /*
2 9 0 /1 2
407.904
160,544
303.691
296.751
283.214
l l i . 9^4
96.27nl
171422
80.667
1 7 3 /1 9
*89.0.H)j
121.767 j

1894

1893.

«
280.09V

1
290,9*2
4^8,393
1 7 I A '6
307.997
106.01

a * i.6 i:
Ul4 7.310
2 7 9 /7 4
t t l0 0 /7 2
106,57 V
129.3.0*
201,01V
210.013
2 1 2 ,-0 0
230,9*1
1,685,240 2,170.816
316,730
810.863
400,171
409.401
134/ 8
137,924
267.46 •
362.514
343.2*0
308,518
251.094
123,290
92.903
201 057
8 7 .7 v l
163,669
3 IS. 04 V
180,704

2 4 8 /1 0
127,60.
8*.30**
190 A l l
99,086
153,304
287.500
132.468

0.199.6001 6 / t \ « 8 1 6 .9 2 1 /3 7

1892.

1891.

9
2 9 0 /1
403.
204.3U322,6* 1
122.287
118,7V 7
237,704
288.174
1,762.*23
34S.218
431,074
171.687
328,277
308,201
207,10.'.
145,263
1*8,270
20O.5J0
100,902
227.941
331,2 •*
135,491

1
25 ,250
3 1 1 /3 0
l?3,6i*2
349.52;*
1 22 ,07 :
106.221*
245.150
2 89 .72 1/6 :4,7 00
205.898
443,253

6 .7 9 7 /9 3

140.7*8
291,82*'
282,706
228,007
135.162
89 J M
100,105
98,057
197,740
342,872
120.810
0,370,123

1890.
9
207,821
309,193
148,770
3 )6 ,1 5 9
119,519
95,5 02
232, H I
281,204
1,562.924
281,427
4 10,286
1 3 7 /7 9
202,096
215,165
190,221
131,260
91,824
100,019
93.140
180.135
3 19,973
103,781
6 /4 0 ,5 8 8

a Figure* here for W 8 ‘> a n d 1831 a r o s im p ly t h e t o t i l s o f t h e e a r n in g s f o r th e
.ur w e e k * •( the m -n th •»* r e p »r•:•••! In t i e w e e k ly r e t u r n * ; t h e m o n t h '* earnIng* u s u a lly ex ceed th e w e e k ly e s t i m a t e * q u it e c o n s id e r a b l y .
b I n c lu d e * T o l e d o C o l u m b u s A C in c in n a t i f o r a ll t h e y e a r * .

f

Among the Pacific roads we have only the Northern
trana Continental lines—‘ he Northern Pacific aud the
Canadian Pacific—and both these, as well as the Rio
Grande Western which forms part of a through line to
the Pacific, have gaits.
EARN IN G S O P P A C IF IC R O A D S.

September.

1896.

18-4

1893.

1892.

1891.

1890.

•

«

1

•

•

1

"Tan. Pacific.......
Worth'll Pae*#e
Rio Ur. West'n...

1/11.000 1,776.063
2,297.466 2,203.4 21
218/* *0
237.890

1.918.321 1/76.031 1,885,019 1,007.715
1,916.900 2,609.23V 2.71*.8*9 2,508,228
260/30
254.009
181.925
P 8,218

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

4.346,250 4.19H.277

4.010.156 4.71*8/31* 4.806.3*4

4/04.185

GROSS EARNINGS AND M ILEAGE IN SEPTEM BER.
O roM i R a m t n g t
I f ame o f

Road.

9
t7l4 2VJ
102.143
1,605,726
162,150
2*1 640
350.069
802 193
1,642.694

1894.

t F o r f o u r w e e k s e n d e d S e p t e m b e r 28.
♦ Ir .e lu d e s R o m e W a t e r t o w n .t o . d e u s b u r g f o r a ll t h e y e a r s .
• F ig u re s fu r la st w e e k n o t r e p o r t e d ; t a k e n s a m e a s la s t y e a r .

IS M .
1
1 / K.161
630.079
*9 9 ." 74
474 480
M t.391

EARNING S O F T R U N K L IN ES.

1805.
Atch. T.A 8 . F e8v».
8 t .L .4 8.fr*n .^ y#
Atlantic A Pacific
Atlantic A Danville
Balt.A Ohio Southw.
B l r m ’ h a m A Atlantic
Brooklyn E lift la d .
Buff. Koch. A Pittab .
Burl Ced. R. A X o..
Canadian Pacific___
Carolina M idland___
ChcaaocaKe A Ohio ..
(The*. 0 . A Bo. Weet'u.
Chic. A F.aal IlltnoiH.
Chic. Great Western
Clilo. MU. A 8t. Paul.
Chic. Poo.A St.Loin*.

*

M ile a g e .

1894.

In crea se or
D ecrea se.

#

*

2.43d, e.-iS 2 ,355,479
.•»47.020
578.14'25' ,918
239.270
42,117
3<\11*
624.707
587.51 <
2.4 48
1,7-0
14 1,390
121,19
2*14.088
280,099
304,505
4 9 1 /3 4
1.811.000 1.770.053
6,22rt
6,6*4
8 .’ 4,799
789,304
210,715
203.4'V
301,817
332.601
366,629
aiu .880
3,082.2 0 2,8 9.375
80.892
86.555

+ 81.176
— 31,12 »
+ 11,072

1895

1894.

6,481 6,481
1,328 1,328
943
947
285
+ 3,299
285
+ 17,224
921
917
4-000
22
22
+ 20.203
20
20
- 15,411
334
334
+ 127,329 1,131 1.134
+ 34,917 6.391
0,327
— 35H
55
55
+ 35.495 1,300 1,300
+ 13,236
398
398
+ 30,789
521
516
+ 53,251
922
922
+272,915 6,1 6i 6.148
222
5.863
222

642

TH E

Mileage

Grom Bam vngs.
Name o f Road,.

Ohio. R. Isl. A P a o ...
Ohio, fe w e s t M ich ...
Oin. Jack. A M ack___
Oinn.Portsm’ th & Va.
Olev. Cam on A S o ...
Clev. CIn.Ch.A8t. L ..
Clev.Lorain fe Wheel.
Col. Hock. Val. & T ol
Col. Sau’ kv. fe Hook..
Oolusa & Lake .........
Deny. & Rio G ran de..
Det. Lans’g & North.
Dnl. So. Shore & A tl..
Elgin Joliet & E a st..
Evansv. A Indianap.
E vansv & Riohm’d ..
Evansv. fe T. Haute.
F lint & Pere M arq...
Ft. Worth & Rio G r..
Gadsileu fe Atl U n..
G e o r g i a .............. . ..
G eorgia & Alabam a..
Ga. South, fe Florida.
Gr. Rapids A Indiana.
Oln. Rich. A Ft. W ..
Traverse C ity.........
Musk. Gr. R.fe Ind .
G r. Trunk o f Canadat
Chio. & Gr. Trank.*
Det. Gr.H av.AM il.*
Gt. No.—S. P. M. fe M
Eastern o f M inn..
Montana Central..
G u lf & C hicago ..........
H ouston E. & W. T ex
Humeston & Shen . . .
Illinois C e n tra l.........
Ind. Deo. A Western.
Internat’l & Gt. No.
Interoceanic (Mex.i*.
Iow a Central................
Iron R ailw ay ................
Kanawha & M ich ___
Kan.C. F t.8. A Mein..
Kan. C. Mem. A B ir..
Kan. City feN.W. . . .
Kan.C.fe B eatrice..
Kan.C.Pittsb. A Gull.
Kan. City Sul). B elt..
Keokuk A W estern. .
Lake Erie All. & S o .
Lake Erie & Western.
Lehigh & Hud. River.
L ong Island...............
Los Angeles Term ...
Louisv. Evans, fe; St.L
Louisv. & N ashville..
Louis v. N. Alb. A Chic
Louisv. St.L. & T ex..
M acon & Birming’m.
M anistiaue.................
Memp. fe Chariest’ n*
M exican Central.......
M exican N ational. .
M exican R ailw ay*...
M exican Southern*..
Minn. & St. L oins___
Mo. Kaus. & Tex.sys.
Mo. Pac. & Iron M t..
Central Branch . .
M obile & B irm ’gham .
M obile fe O hio............
Mont. & Mex. Gulf ..
N.Y.Cen. &Hud. R iv.
N. Y. Out. A W est___
N orfolk fe W estern ...
Northern Pacific.......
Ohio Kiver..................
Ohio River & C har...
Ohio Southern............
Peo. Dec. A E v a n s v ..
Pitts. Marion & Chic.
Pittsb. Shen. & L. E..
Pittsb. A W estern___
Pittsb. Clev. & Tol.
Pittsb. Pa. fe F air..
Qum. Oiuaba A K. C ..
R io Grande South’ n.
R io Grande Western.
Sag. Tuscola A Huron
St. Jos. & Gr. Island..
Bt. L. Alt. fe T. H ...
St. L. Kennett & S o ..
Bt. Louis Southwes’n.
Bt. Paul & D uluth___
Ban Fran. A N o.P ae..
Bher. 8hrev. A South..
S llverton.....................
Southern R ailway..
T exas A P aoilic..........
T ex. Sab. Val. & N’w.
Tol.A.Arb.fe; N. M ich.
Tol. & Ohio Central..
Tol. Peoria & West’n.
Tol. St. L. A K. Citv W abash........................
West. N. Y. & Penn..
Wheel, fe Lake E rie..
W isconsin Central*..

1895.

1894.

$
1,531,080
171,184
60+ 6 3
28 ,5 0 )
58.549
1,234. 62
139,081
288,9a >
96.748
1.40'
643,8 >0
96,741
151.017
90, "98
26,308
9,181
100,033
206, 32
31,059
8 85
111,288
47,031
67,204
188,294
40,074
3.788
10,752
1,649,96
166,358
75,< 2
1,758.416
107,792
137,650
2,840
50,860
10,5 .1
1,698,22*
39,8d8
358,084
122,23.
16L.00
4,15*
33,989
351.961
84.3 3
20,328
39*
39,653
30,423
39,199
6,383
290,612
36,01b
407.904
9,981
160,544
1,664,640
303,69)
39,4 33

$
1,522,481
147,360
54,20*
23. >65
61,70**
1,205,677
1 <2,071
279.671
115,571
3,100
634.900
10 ), 7.
1 0.438
97,087
27,427
10,415
105,572
201,012
39,066
560
IT 0,730
43,12 s
64,956
179,9 )4
37,132
3,503
10,351
1,641,804
161,73*
73,66*1
1,473,174
101,901
101,527
3,335
42.819
11.499
1,585,260
40,500
384,043
122,466
139,152
3,615
31,253
337,857
72,983
20,012
1,495
34,55c
27,302
33,157
7,545
316,730
32,343
400.171
16,523
134,60s

Increase oi
Decrease. 1895.

1 , 6 s 8,690

267,458
38,605
5.517
8,164
4,419
77,397
69,574
743,083
621,794
342,379
327.701
157,014
179,409
26,210
2»,499
192,13b
184,1, <6
I,05 5,v67 1,02 ,681
2,u08,0('O 1,879,119
51,000
59,724
29,_91
27,719
271,843
248.208
108.000
81,043
3,973,263 3,78^,351
296,75 i
308,518
770,893
834,889
2,297,456 2,203,424
84,632
80,973
14,916
13,202
62,796
65,215
76, 2 >
80,447
3,750
3.666
57,749
58,946
167,125
148,701
79,116
68,107
37,003
37.886
25,605
21,953
41.09*
35,995
237.800
218.800
11,373
10,951
61,336
68.383
112,96*
123,290
3,546
2,429
424,200
419 107
162,369
147.825
79,696
86,055
26,732
26,a52
9,500
4,000
1,632,736 1,534,831
535,675
623,320
3,390
3,>-57
96,276
92,903
171,42*
201,057
89,557
87,701
173,019
152,659
1,175,558 1,075,510
289,600
319,0*2
121,767
130,704
296,243
277,856
4,690

CHRONICLE.

$
+ 8,599
+23,824
+ 5,861
+ 4,94"
— 3,159
+ 28.485
+ 7,01 0
+9,311
—18,823
—1,701*
+ 8,900
—3,8
—18,821
—6,991
— ),619
—1,234
—5,539
+ 5 ,7 .o
—8,067
+325
+ 10,558
■+3,906
+2,253
+ 8,300
+ 2 ,9 4 .
+ 285
+401
+ 8,184
+4,620
+ 1,368
+ 285,242
+ 9 5 ,8 9 .
+36,12.)
—495
+ 8,0*1
—999
+ 112,*6e
—662
— 25,359
— 235
+ 21,848
+51
+ 2 ,7 16
+ 14,104
+ 11,370
+ 316
—1,103
+ 5,097
+3,121
+ 6,04
—1,162
—26, 118
+ 3,675
+ 7,733
—6,542
+ 25,936
—24,05c
+36,232
+ 828
— +21
+3,745
+7,823
+ 121 ,28
+ 14,67
—22,395
+ 1,711
+ 7,994
+28,586
+ 128,881
—8,724
+ 1,57 2
+ 2 3 ,6 )5
+ 26,957
+ 184,912
— 11,767
—63,996
+ 94,032
+ 3,659
+ 1,714
—2,419
—4,122
+84
—1,197
+ 18,424
+ 11,009
—883
+ 3 .6 2
+ 5,097
+ 19,000
+422
-7 ,0 4 7
—10,3 26
+1,117
+ 5,093
+ 14,544
—6,359
— 120
+ 5,5 0 0
+ 97,905
—87,645
—467
+3,373
—29,635
+ 1,856
+ 20,360
+ 100,043
—29,442
—8,937
+ 18,387

3,571
575
345
111
210
1,850
195
329
272
22
1,657
334
587
182
156
102
165
637
146
U
307
265
285
436
86
26
37
3,512
335
189
3,721
72
25 c
62
19
95
2,888
152
825
519
497
20
173
916
276
153
2
230
35
148
61
725
90
360
50
372
2,955
537
166
97
44
330
1,860
1,219
321
227
370
1,885
4,990
388
149
687
388
2,396
477
1,567
4,495
215
207
226
334
25
183
227
77
61
134
180
52*>
67
445
239
20
1,223
248
165
155
20
4,495
1,499
38
307
368
247
451
1,935
643
260
915

1894.
3,571
575
345
111
210
1,850
165
329
272
22
1,657
334
593
182
156
102
165
637
146
11
307
265
265
436
86
26
37
3,512
335
189
3,709
72
256
62
192
95
2,888
152
825
519
497
20
173
9L6
276
198
35
230
35
148
61
725
90
360
50
372
2,955
537
166
97
44
330
1,860
1,219
321
227
370
1,723
4,987
388
149
687
388
2,396
477
1,567
4,495
215
207
226
334
25
183
227
77
61
134
180
520
67
445
239
20
1,223
248
165
155
20
1,499
38
307
368
247
451
1,935
643
260
915

T otal (126 roads). . 45,721,823 43.724,521 +1,997,302 99,025 98.795
* F or three weeks only,
t F or fou r weeks ended Septem ber 28.
GROSS EARNINGS FROM J A N U A R Y 1 TO SEPTEM BER 30.
Name o f Road.
A tch. Top. & S. Fe Sys.
St.L. fefS.Fran. 8ys.
Atlantio & Pacific..
A tlantio & Danville .
Balt. & O. Southwest

1895.
$
20,53 4,143
4,320.740
2,713,240
392,339
4,697,338

1894.
$
19,9)6,906
4,367,791
2,278, L85
360,495
4,585,666

Increase.
$
617,237
435,055
31,844
111,672

Decrease.
$
47,051

N am e o l R oad.

[VOL. LX I,
1895.

s
Birmingham <fe Atlantic
14,683
Brooklyn E lev a 'ed ........
1,57 .0 )0
Buff. Rock, fe Pittsburg.
2,2 47,5 39
Burl. Ced. Rap. & N o ...
2.010,271
Canadian P acific............ 12,5 6.141
Carolina Midlaud...........
34,491
Chesapeake & Ohio.......
7,065,444
1,752,546
Ohes. Ohio ft 8 ou th w ...
Chic. & East’n Illinois..
2.713,302
Chic. Great W estern...
2,831,061
Chic. Milw. & St. P aul.. 20,574,7 *5
Chic. Peo. & St. Louis..
681.012
Chic. R ock Isl. fe P a c... 10,9 15,413
Chic. & West Michigan.
1,280.232
Oln. Jackson & M ack...
459,407
Otnn. Ports, fe Virginia.
190.338
Cleveland Canton & S o..
495,030
Olev. Cm. Chic, fe St. L .. 10,282,709
Cleve. Loraiu fe Wheel
1.030, *56
Col. Hock. Val. fe Toledo
1,839.322
Col San’k y fe H ocking.
6 *7,429
Colusa & L ike...............
14,0 0
Deny. & Rio G ran de...
5,165,261
Det, Lansing & North’ n
853,5*8
Dul. So. Shore fe A tl___
1,327,399
80 ,063
Elgin Joliet & East
Evansv. fe; Indiana no 1is.
208,889
Evaasv. & R ichm ond...
81,144
Evansv. & T erre Haute.
809.715
Flint & Pere Marauette
1,850.046
Ft Worth & Rio Graude
250,693
Gadsden & A talla U n ...
6,504
G eorgia.. ...............
865,226
Georgia fe Alabama:
324,364
Ga. South’ n fe Florida..
596,021
Gr. RaDids & Indiana.
1,555,309
Cin. Rioh.fe Ft. Wayne.
330,045
Traverse C ity........
33,90 <
Mus. Gr. R. <fe Ind.
91,3 1
Gr. Trunk o f C anada!.. 13.1 12,409
Chic. & Gr. Truuk* . . .
1,934,27
Det. Gr. H. fe Milw" .
717,127
Great Nor. St. i\ M.& M.
9,3 65+ 61
Eastern o f Minnesota.
9*2,78 8
Montana Central.........
1,119,23 <
Gulf & Chicago ..........
29,211
Hous E. fe W. Texas ..
405,174
tJuineston & Shenand’ h
73,400
Illinois Central............... 14,075,938
Indiana Dec. & W est....
338,375
Int. & Great N orthern..
2,607,219
Interoceanic (M ex .)*...
1,652,395
Iowa Central...................
1,158,691
Iron Railway...................
36,878
Kanawha & Michigan. .
320,168
Kansas C. Ft.S.&M ern..
3,248,004
Kan. City Mem. & B ir..
723,570
Kansas City & N. W .......
183.943
Kan. City & Beatrice.
3,677
Kan. City Pitts. & Gulf
374,152
Kansas City Sub. B elt..
212.687
Keokuk & Western
272,001
L. Erie A lliance & S o...
57.292
Lake Erie & W estern...
2,566,076
308,0L1
Long Island............
3,193,777
Los AQgeles Term ..
121,803
1,071.083
14,163,8 >9
2,367,689
Louisv. St. L. & Te
306,502
Macon & Birm ingham ..
50,259
M anistique.........
104,297
792,745
Mexican Central..
6,851,838
Mexican N ational..........
3,218,325
Mexican Railway*.
2,392,272
Mexican Southern*
350,573
1,372,985
Missouri K. & Tex. sys,
7,907,215
Mo. Pacific fe Iron M t.. 16.035,612
Central Branch.
407,599
Mobile & O hio.......
2,368,060
Monterey fe Mex. Gulf..
916,388
N. Y. Cent. & Hud. Riv. 31,930.992
N.Y. Ontario & West’n.
2,706,051
Norfolk & W estern........
6,799,848
Northern P acific............ 12,649,357
Ohio R iv er......................
606,424
Ohio Riv. & Charleston.
131,230
Ohio Southern. ...
522.834
Peoria Dec. & E vansv..
660,261
Pittsb. Marion & Chio.
31.641
Pittsb. Shen. fe L. Erie
452,975
Pittsburg & W estern....
1,261,201
Pittsb. Cleve. fe; Tol...
632,851
Pittsb. Paines. <s F’pt.
26 i,0 <4
Quincv Omaha fe; K. C ..
190,591
Rio Grande Southern...
301,462
Rio Grande W estern___
1,718,862
Sag. Tuscola & Huron.
85,361
8t. Jos. & Grand Island
471,403
8t. L. Alt.fe T .H .B r’chs.
947,835
8t. L. Kennett & South..
28,223
St. Louis Southwestern
3,419,887
8t. Paul & D uluth..........
1,061,972
San Fran. & No. Pacific.
612,157
8herman Shrove, fe; S o..
225.171
S llverton..........................
46,443
Southern R a ilw a y ....... 13.026,90 i
Texas fe; P acific..............
4,492,103
28.909
Tex. Sab. Val. & N. W..
Tol. Ann Arb. & N. M ..
816,695
Toledo & Ohio Central.
1,307,257
Toledo Peoria & West’n.
717,111
1,323,71 ♦
Tol. St. L. fe; Kan. City.
9,191,736
Wabash...........................
2,42 L.312
West N. Y. fe P a_____
969,141
Wheeling & Lake Erie ..

1894.
if
15,9 44
1,294,087
1,930,313
2.670+ 34
13,086,983
41.404
6,659,633
3,524,912
2.*83.18
2.660,422
20.759,975
577,783
12,120,493
1,167,647
466.686
185,610
430.49 >
9,260.636
88 4,632
1,941,830
581,393
16,6 9
4.771,140
794,965
1,276,039
750, 86
212,225
77,646
779,508
1,792,413
19 2,499
4,828
897,323
302, 34
633,577
1,414,690
303,269
36,325
78,563
13,118,267
1,968,59 i
71+78*
7,826,391
750.541
1,080,13)
29,336
293.855
86,295
12,910.0')0
296,955
2,263,992
1,721,63 L
1,228,733
29,665
274,055
3,437,294
727.160
214,341
9.813
297,543
199.947
276,252
53,218
2,449,566
28 2,851
3,1*^9,642
13 + 146
1,052,218
14,028.673
2,065,702
312,481
54,5 *0
55,738
855,556
6,203, l 23
3,115,804
2,301,941
256.524
1.249,218
6,792,213
15,505,973
576,520
2,280.10 4
808.607
30,479,263
2,804,130
7,192, 67
11,139,203
514,591
117,747
494,331
629,164
21,737
329.112
1,004,976
461,931
2.30,857
174,422
266,906
1,524,836
88.719
682,544
964.458
19,377
3,033,644
1,045,265
618,429
193,289
32,936
12,778,035
4,539,907
30,709
785,465
1,286,02 i
648,281
1,134,589
8,4o2,309
2,270,7ol
387,056

Increase
*
276.993
317, '26
248,637
405.811
2 :7.631
325,122
171.439
103,229
112,585
14,198
64.590
1 ,022,16 i
146,121
96.03d

0*. r».a t .
3*
1,281

500.842
6,913

185,180
1,185,080
7,279

102,508
2,639

394,121
58,583
51,360
49,782

3,S36
2,498
30.207
57,633
58,194
1,676
21,530
140.619
26,776

32,097
37.556
2,420

12,818

5,«58
4,319
1,662

1,539.270
2*2,247
3 *,o9 8

125

111,319
12,895
1,165,938
41,420
343,227
7,213
46,113

76.609
12,740
4,074
116,510
25,160
4,135
l9,7 o5
135,186
801,987

___
69,230
70,042
189,290
3,590
30.398
6,136
........
___
4,251

16,343
- - -T
5,979
4,331

48,559
6*8,715
102,521
90,331
123,767
1,115,002
529,639
87,Q56
107,781
1,451,729
1,5 i 6 , 149
91.833
13,483
28,503
31,097
6,901
123.863
256,225
167,920
30,177
16,169
34,556
194,026

8,846
386,243
16,707
31 ,8 -2
13,507
248,868
31,230
21. 31
68,827
189.130
789,427
150.6 L1
82,035

62,811

5,951

168,921

98,079
693,419

3,358
211,141
16,573

6,272
_

_

_

.

47,804
1,800

351,975,416 337,115,260 18,714,902 3,854,746
14,860,156
* F or three weeks only in September,
t To September 28.
t Not including the A lbany Florida fe Northern for any portion of
either year.

THE CHRONICLE

October 12, 1895.]

THE TR U S E -L IN E A GREEM ENT.
Below we give a complete copy of the Trunk Line
Agreement as submitted this week for the approval of
the Presidents of the roads. This agreement has not
previously been published.
At the meeting on Thursday some slight changes in
the form of the contract were made, but these are all
trivial and immaterial. As stated in a previous
article, the agreement has been formally approved by
the Presidents and all that now remains to give effect
to it is to have it drawn up in proper shape and signed.
AGREEMENT AS SUBMITTED THIS WEEK.
made aDd entered into this — of -------- ,
1895, by and between the following railroad companies,
ana such other companies as may become parties hereto,
Th is a g r e e m e n t ,

WITNESSETH:
A R T IC L E ONE.

Said companies to aid in fulfilling the purposes of the In­
ter State Commerce Act, to co operate with each other and ad­
jacent transportation associaii ins, to establish and miintain
reasonable and just rates, fares, rules and regulations on
State and ioter-Staie traffic, to prevent unjust discrimination,
and to secure the reduction and concentration of agencies
and the introduction of economies in the conduct of the ser­
vice, hereby organize an association to be called “ The Joint
Traffic Association.”

613

disapproved by the Board of Directors of any company party
hereto.
S e c t io n 2. The Board shall, from time to time, consider
and fix such rates, fares and charges on said traffic as may be
reasonable and just, and mike all reasonable rules and regu­
lations necessary for governing the traffic covered by this
agreement, and shall adopt such rules as it may diem neces­
sary for meeting the competi ion of other lines.
S e c t io n 3. The published rates and fares of the parties
hereto shall conform to those established by the Board, and
n >company party hereto shall thereafter, tbr nigh any of its
officers or agente, deviate therefrom or change the same ex­
cept by resolution of its Board of Directors, and after the
public notice required bylaw . A copy of the resolution of
the Biard of Directors of any company an horizing such
change shall be immediately furnished by the company mak­
ing the same to the B >ard, and such change sh ill not become
effective until thirty days after the date of such notice.
S e c t io n 4. The B iard shall, as far as practicable, confer
and co-operate with the Inter-State Commerce Commission,
and to secure staoility and uuiformity in the rates, fares,
charges, rules and regula'ions so established, the Board may
from time to time, in its discretion, offer suitable rewards
for information that will secure conviction for any violation
of the provisions of the Inter-State C >mmeree Act.
A R T IC L E N IN E .

The Board shall be charged with the duty of securing to
each company Iparty hereto an equitable proportion of the
competitive tariff covered by this agreement so far as can be
legally done.
A R T IC L E T E N .

The Board shall decide and enforce the course which shal 1
be pursued with connecting companies not parties to this
A R T IC L E TW O.
agreement which fail or decline to o iserve the rates, fares,
Section 1. The association shall have jurisdiction over all rules and regulatidns of this Association. Tne interests of
freight and passenger traffic which passes to, from or through parties to this agreement injuriously affected by such action o f
the Western terraiui of the trunk lines, viz.: Toronto, Can.; the Board shall, in such instances, be accorded reasonable
Suspension Bridge. Niagara Fails. Tonawanda, Black Ii'»ck, protection.
A R T IC L E E L E V E N .
Buffalo, Kast Buffalo, Buffalo Junction, Dunkirk and Solamam-a, N. Y : Erie, Pjttsourg and Allegheny, Pa.; Bellaire,
It is recognized and agreed that economy in the operation
Q.; Wheeling. Parkenwurg, Charleston and Kenova, W. Va.. of through co-operative and commission freight lines and the
and A-bland, Ky., and such other points as may hereafter be limitation or termination of many of their existing powers
designated a* »uch termini; also ail traffic which rnay pass and functions are absolutely required, and the companies
through other junctions of the companies parlies hereto parties hereto will actively co-oper.ite with the Board to acwhich is included when pissing through any of the termini complisn such results.
or junction* above specified and such other traffic as may by
All soliciting by such freigh lines and the issuance of bills
common consent of the parties be hereafter included herein. of lading and rates by them shall be under the control of the
S ection 1 The following traffic snail not lie included: Board.
A R T IC L E T W E L V E .
(a) Coal, coke, iron ore, mill cinder, limestone and petro­
leum, crude or reft ed.
The Board shall have auoh irity to org miz > such joint
{ 0 } Freight and passenger traffic destined to or coming freight and passenger agen ies as it may deem desirable. pro­
from Florida, Georgia, North and South Carolina, Virginia vided that if such joint agenci ‘8 are established they shall be
and West Virginia south of the south line of the Chesapeake arranged in such manner as will give proper representation
& Ohio Rail wav.
to each system.
A R T IC L E T H R E E .

A R T IC L E T H IR T E E N .

The affairs of this association shall be managed by a board
of not less than nine directors, h-reinafter called the Board,
of which each of the following nine systems shall designate
one:
Grand Trunk System,
I Pennsylvania System,
Vanderbilt System,
I Baltimore & Ohio System,
Lackawanna System,
I Chesapeake & Ohio System,
Lehigh Valley System,
j Wabash System.
Erie System,

No soliciting or contracting passenger or freight agency
shall be maintained diroctlv or indirectly by any of the com ­
panies parties hereto in connection with the tr iffi ■covered
bv this agreement, except with the approval of the B >ard,
and no person who is deci i d by the Board to De oojectionable shall be employed or continued in such agency.

A R T I C L E PO U R .

Each director shall hold office during the continuance of
this agreement, subject to the pleasure of and shall be com­
pensated by the system appointing him.
A R T IC L E F IV E .

The powers c inferred upm the boird shall be construed
consistently with an 1 so exercised as not to permit violation
of the Inter State Commerce Aot, or any other law applicable
to the premises.
A R T IC L E S I X .

The Board shall have i t s principal o f f i c e in New
York and shall continue in sesdoa subject to it s rules. It
shall elect a chairman annually from its number.
Section 2. The B.»ard shall adopt rules and perfect its organ­
ization, providi-d that it shall require the affirmative votes of
two-thirds of its entire number to decide any question com­
ing before it,
SECTION 3. It shall construe this agreement and resolutions
adopted thereunder.
Section 4 Its decisions, exceptas to standard rates and fares,
shat! be subject to appeal to the Board o f Arbitration, but
shall be complied with until such appeals are decided.
^ S e c t io n l .

A R T IC L E F O U R T E E N .

1, The Board is hereby given by the railroad com­
panies parties hereto as th- r agents the power to define and
decide the authority and duties of all persons acting as con­
tracting and soliciting freight and passenger agents in rela­
tion to the ir.iffic covered hereby, .mil <o determine the num­
ber of such persons to h ■employe 1 The parties hereto snail
observe and enforce the orders of the Board from time to
time issued in that behalf.
S ection 2. Such of -ei'd agents a3 the Board may designtea
slnll be carried upon its pay rods.
S e c t io n 3. The Grand Trunk Company may appoint soliciting
agents to be located at such points in Canada as may be nec­
essary to meet the competition of Canadian lines not parlies
hereto, but such persons shall in all respects be subj -cc to the
rules of the Board.
S e c t io n

A R T IC L E F IF T E E N .

When in the judgment of th Board the facts presented
with any claim so warrant, the officials and employees of the
companies parties hereto may be examin d under oath, and,
in investigating such complaints any or all officials or em­
ployees may he n willed to attend and any or all tn itters af­
fecting directly or indirectly the traffic herein covered may
be considered.
In the event that any official or employee so notified fails or
refuses to attend, wutmut good re ison, it shall he considered
a violation of this agreement on the part of the company em­
A R T IC L E SEVEN.
ploying him and may subject said company to the lorfeitures
The Board may appoint not exceeding three commissioners herein provided.
to aid in eff ecting the purpose# of this Association, and shall
A R T IC L B S IX T E E N .
define their powers and duties.
Any unauthorized concession of any nature whatsoever
that, may tend to diminish e-tablished tariff ratesor faressh til
ARTICLE EIGHT
SECTION I. The Board snail, as such Board, be’deeraed the be considered a violation of this agreetnsnt, and any wilful
exclusive agent and representative of each Compmv prrty violation of its provisio is or any deviation from tne rates,
hereto as to the aforesaid traffic and iD fixing and adjusting fares, rules or regulations made by the Bo ird shall subject
rates, fares and charges thereon, and in making the rules and the offending party to the forfeitures herein provided.
A R T IC L E S E V E N T E E N .
regulations governing the traffic ; the action of the Board as
hereinafter provided shall control and be binding on the par­
For any violation of this agreement by any party hereto,
ties to this Agreement until such rates, fares or charges are the offending company shall forfeit to the Association a sum

THE CHRONICLE.

644:

to be determined by the Board, not exceeding five thousand
dollars, but where the gross receip's of the transaction m
which this agreement is violated shall exceed five thousand
dollars, the offending party shall at the discretion of the
B o a r d f o r f e i t a sum not e x c e e d in g th e g ro ss r e ce ip ts d e r iv e d
from the transaction by which it is violated. Such iorteitures shall be applied to the payment of the expenses of the
Associaiion, except that no offending company shall participate
in such application of the sum forfeited.
ARTICLE EIGHTEEN.

Within ten days after this agreement becomes effective
there shall be deposited with the Board an aggregate sum of
fifty thousand dollars, as an advance on account of the depos­
its required by Article Nineteen, to defray the current ex­
penses of the Association; said aggregate buu to be appor­
tioned among the companies parties hereto as the Board may
determine.
ARTICLE NINETEEN.

■ S ection 1. Each party hereto shall deposit with the B ja ri,
monthly, one per cent of its gross revenue derived front the
business hereunder, but this percentage shall be reduced by
the Board should it be evidently excessive for the ends
d6sir6u.
Section. 2. From such deposits shall be paid, upon the ap­
proval of the Board, the expenses of the Association and the
salaries of the arbitrators and commissioners.
S ection 3. Any forfeiture made by any company party
hereto under the rules shall be taken from the sums con­
tributed by such company and charged in whole to it in final
diitribulion.
. . .
„
.. ,
,
Section 1. The balance of said revenues deposited as afore­
said remaining at the expiration of this agreement shall be
divided between the'companies then parties hereto in the
ratio in which they have contributed, le6S the amounts forarticle tw en ty .
“ Any parly retiring from this agreement before the fiaal
completion of the time herein fixed, except by unanimous
consent of the parties hereto, shall not be entitled to any re­
fund from the residue of deposits remaining at the close of
the agreement.

ARTICLE TWENTY-ONE.

Section 1. There shall be a permanent Board of Arbitra­
tion consisting of three disinterested persons to which may
be appealed all qui stions arising under this agreement, except
the determination of the standard tariff rates and fares. This,
however, shall not be construed as a bar against any company
which may desire to arbitrate the matter of its being ac­
corded a differential from any standard rate or fare.
Section 2. Pending decisions by said Arbitrators the orders
of the Board shall prevail.
S ection 3. Hearings shall be had upon all questions arbi­
trated, under rules established by the Arbitrators, and tha
decision of two of said Arbitrators shall govern.
ARTICLE TWENTY-TWO.

S ection 1. The Presidents of the companies forming this
agreement and of such other railway companies as may be­
come parties heieto shall constitute^ Board of Control which
shall meet as may be requested by any three Presidents of the
companies parties hereto.
S ection 2. It shall require a three-fourths vote of the whole
number to carry any question.
Section 3, In case of absence of any member of the Board
of Control from a meeting, the next ranking officer in such
company having jurisdiction over traffic will have authority
to act in his place and stead.
S ection 4. The Board of Control shall fix the salaries of
he Commissioners and shall select arbitrators and fix their
ompensation and term of service.
S ection 5. In case the question of standard rates or fares
is not decided by a two tbiids vote of the Board the subject
shall be referred to the Board of Control for decision.
S e c t io n 6. The Board of Control shall appoint an auditing
committee, who shall examine and report to it upon the ac­
counts of the Board.
A R T IC L E T W E N T Y -T H R E E

This agreement shall not be effective until it shall have been
approved by the Boards of Directors of the stveral companies
parties hereto, and certified copies of all resolutions giving
such approval shall be filed with the Board.
A R T IC L E T W E N T Y -F O U R .

Thi3 agreement shall continue in existence for five years
f rom
and thereafter until the expiration
of ninety days’ written notice given by any company of a
desire to retire therefrom.
I n witness whereof the corporations parties hereto have
caus d ihe foregoing agreement to be signed by their respect­
ive Piesidents and the seal of their respective corporations to
be attached hereto on the day and year first above written.

As a part of the history of the present movement we
also print here the agreement as first proposed and sub­
mitted on September 20. It will be seen that in its
latest form the scheme does not differ in any of its
essential features from the original contract, though
the language of the document and the arrangement of
th .- dill rent clauses and sections has been considerably

[VOL. L X I.

altered. About the only new provision is that creating
the Board of Control, composed of the Presidents of the
different roads, and which Board seems to stand in the
relation of a supervisory body to the Board of D irec­
tors upon which the main duties and functions under
the agreement rest.
AGREEMENT AS FIRST PROPOSED.
T his

m ade and entered it.to this --------- da y
o f ----------, 1895, by and between the fo llo w in g railroad
agreement

companies:

,

and such other com panies as m ay h erea fter b ecom e parties
hereto, w i t n e s s e t h :
.
I. Said Companies for the purpose o f co-operatin g with each
other and a dja cen t transportation associations to establish and
maintain reasonable and ju st rates and fares on S :at a n d
Inter-State traffi ■, to prevent u n ju st discrim ination, and to aid
in carrying ou t the purposes o f the Inter-State Com m erce A ct
and for the reduction and con centration o f agencies and the
introduction o f econom ies in the con du ct o f t h : service, h ereby
organize an A ssociation to be called “ The U n ion Truffle A sso ­
cia tio n .”
.
II. The traffic s u b je ct to such orga n iza tion shall be all co m ­
petitive freig h t and passenger business w h ich passes to or
from the western term ini o f the trun k lines and betw een or
through points in T run k Line and C entral Traffic A ssocia tion
territories (excep t coa l, cok e, iron ore, m ill cin der, lim estone
and petroleum , cru de or refined), and such oth er traffic as
m ay hereafter b y co m m o n con sen t o f th e parties be in clu d ed
herein.
H I. The affairs o f this A ssocia tion shall be m anaged b y a
Board o f D irectors.
IV . There shall be n ine D irectors, on e o f w h om shall be
selected by the R ailroad C om panies represented in each o f
the fo llo w in g nine system s:
Grand Trunk System ,
P en n sylva n ia S ystem ,
V anderbilt System ,
B altim ore & O hio S ystem ,
L ic k a w a n n a System ,
Chesapeake & O hio S ystem ,
L eh igh Valley System ,
W a b a sh System .
Erie System ,
V . Said D irectors shall hold their office d u rin g the co n tin ­
uance o f this A greem en t, su b ject to the pleasure o f the a p ­
poin ting System .
V I. Said D irectors shall con tin u e in perm in en t session,
and have their principal office in N ew Y o r k . T h ey shall elect
a Chairm an ann ually from their n um ber.
V II. Said D irectors m a y appoint n ot e x ce e d in g three C o m ­
missioners to aid in effectin g the purposes o f this org m iza tion, and shall define their pow ers and duties.
V III. Said B oard o f D irectors shall establish rates, fares,
rules and regulations on the traffic s u b je ct to this A ssocia­
tion, and m ake rules fo r the m eetin g o f com petition o f ou tside
lines.
IX . A ll questions shall be decided b y at least six affirm ative
votes o f the m em bers o f said B oard o f D irectors, and su ch d e ­
cision shall be final, ex cep t as h ereinafter provided .
X . Said D irectors shall be giv en by th e R ailroad Com panies
parties hereto, as their agents, sole a u th ority ov er all s o lic it­
ing and con tra ctin g agents, in so far as relates to the traffic
covered h ereby, and th ey shall define th e duties o f such
agents relative thereto, and con tin u e or dispense w ith them
as in their ju d g m e n t seem s proper, provid. d that said D ire ct­
ors shall appoint on the n om in ation o f the G rand Trunk Rail­
w ay, solicitin g agents to be loca ted at such points in Canada
as m a y be necessary to m eet com p etition o f lines n ot parties
hereto. Such agents as the D irectors m a y sp ecify shall be
carried upon the pay-roll o f this A ssociation .
X L No soliciting or con tra ctin g agent other than those ap­
pointed or approved by the D irectors shall be em p loy e d in
con n ec ion w ith the traffic n o w or hereafter covered by this
A greem en t.
X li. It is recogn ized and agreed that econ om y in the o p er­
ation o f through co-operative or c nnm ission freig h t lines and
the lim ita tim or term ination o f m a n y o f their existing p ow ers
and fu n ction s are absolutely required, and that the C om panies
parties hereto w ill a ctively co-operate w ith the D irectors to
this end, as exp erience m a y prove to be desirable and p ra cti­
cable. I t is agreed, h ow ev er, that all solicitin g by and issu­
ance o f bills o f lading and rates by such fast freig h t lines
shall be u nder the con trol o f the D irectors.
X I I I Such Directors shall also have authority to organize

sucb joint freight and passenger agencies as they may deem
desirable, provided that if such joint agencies are established
they shall be arranged in such manner as will preserve to
each railroad party hereto the integrity of its system. They
may also create an offi :e through which all j >int rates, rules
and regulations shall be promulgated and wherein all vouch
ers or accounts which aIT ct or operate to reduce the revenue
from the business covered hereby shall be cleared,
XIV. For any violation of this Agreement by the parties
hereto the Directors may, after investigation, fine the offend­
ing Company in any sum not exceeding §5,000. But where
the gross receipts of the transaction in which this agreement
may be violated shall exceed five thou-and dollars they may
assess a fine against the Company so violating equal to the
amount of the gross receipts derived from the transaction by
which it is violated.
XV. Any willful under billing in weights or billing of
freight at wrong classification shall be considered a violation

THE CHRONICLE,

October 19, 1895.]

645

of this Agreement, and the rules and regulations of any C 8 R T I F I C A T B S A N D N O T E S I S S U E D O N D E P O S I T S O F C O I N A N D
L E G A L -T E N D E R N O l B 3 A N D P U R C H A S E S O F S I L V E R B U L L I O N .
weighing association or inspection bureau or other agency
established by this Association shall be considered binding
Tn the
In
A m oun t
under the provisions of this Agreement, and any willful viola­
O la u ific a tim o t C e r tific a .lt. a n d K a tes.
T r e a s u r y . C ir c u la tio n
Is su ed .
tion of them or violation of any rates, fares, rules or regula­
tions made by the B >ard of Directors shall be subject to the
»103,370 950,045,539 950,74 8,9 09
7,802,007 330,434.837 338,297,504
S I v e r c e r t if i c a t e s .....................................................
penal ies herein provided.
3,875,000
03,340,000
07.515,000
XVI. E .cb party hereto shall deposit with said Directbrs
monthly two and one-half per cent of its gross revenue de­ T r e a s u r y n o t e s o t 1 89 0 ........................................... 38,030,854 107,035,420 143,000,280
rived from the business hereunder until said deposit shall
A jo cr e tfa te o f c e r t if i c a t e s ............................... 148,271.391 9551,955,802 $000,2 27 ,69 3
am unt for each company to #50,000, and thereafter one per
R E C A P IT U L A T IO N .
cent; but this percentage can at any time be reduced by said
Board of Directors should it be evidently excessive for the
S ep tem b er 30.
A u g u s t 3 1,
In c r ea se o r
C la ssifica tion o t D eb t.
ends desired. But the amount on deposit at all times for
1895.
1895.
D e e r fa s t.
each Company shall never be reduced below #50,000.
S
1
I
XVII. From such amount shall be paid, upon the approval
747,300 8 20
747.300,010 00
1. 210 00
of the Directors, the expenses of the Association and the
1.‘ 85.H0O 26
1.695,870 **
D e b t >n w h ic h l o t . h a s c e a s e d
D . 10,210 00
salari-s of the Arai rators and Com nis-ion-rs.
377,448,519 49
377,900.958 99
D . 458,479 5 0
XVIII. Any fines a-sesaed against aoy parties hereto under D e b t b e a r in g n o I n t e r e s t ........
the rules shall be taken from ihe sums contributed by the A g g r e g a t e o f I n te r e s t a n d n o n ­
in t e r e s t b e a r in g d e b t ................ 1,120,494,999 75 1,120,903,479 25
D . 4 08,479 5 0
companies fined and charged in whole to them in final dis­
C e r t ific a t e a n d n o t e s o ffs e t b y
tribution.
an e q u a l a m o u n t o f c a s h In
X I X The balance of said revenue deposited as aforesaid
000,227,693 00 002,384,693 00 D . 2,167,000 0 0
remaining at the expiration of the agreement shall be divided
between the then parties hereto in the ratio in which they paid A g g r e g a t e o t d e b t , I n c lu d in g
c e r t ific a t e s a n d n o t e s .............. 1,728.722,092 75 1,729,348,172 25 D . 2,025,479 50
the same.
X X. Any party retiring from the agreement, except by
C A S H IN T H E T R E A S U R Y .
unanimous consent of the parties hereto, before the final com­ G l i d —C o i n .................................................................................. f8 6 .2 l0 .7 5 5 95
B
a t s ...............................................................................
57 340.7*8 8 0 - f U 3 .5 57 .51 2 7 6
pletion of the time herein fixed, shall not be entitled to any re­ 3 ‘ i v e r - D o l l a r s ...............................- ................................... 368.142.784
00
fund from the residue remaining at the close of the agreement.
S u b s id ia r y c o i n ...................................................................
U
52
................................................................. 1 94 .tt8 .M H ‘ 5 - 507,877,524 27
X X I When in the judgment o f the Directors, the facts P -Bt a> r« *r -.....................
U n i t e d S t a te s u u t e s .......................................... 1 0 6 .3 1 0 3 0 0 15
presented with any claim so warrant, the officials and em­
T r e a s u r y n o t e s o f 1890.................................................... 9 0 ,6 'O .r5 4 00
G >ld c e r t if i c a t e s .................................................................
1 ‘8 ,3 7 0 00
ployees o f the companies parties hereto may be examined
8 Iv e r c e r t 1 0 o » t « s ...............................................................
7 ,8 0 2.r0 7 00
under oath, and iu investigating such complaints any or all
C e r t ific a t e s o f d e p o s i t ( A c t J a n a 8. 1 8 7 2 ).......... .
*,875.000 00
n o t e * ..................... ..................................
6,<*18.774 8 3 - 160,607.265 78
officials or employees, whether engaged in the local or through m Nn ea rt io—nBaol n bdas n, kin te
r e s t a n d o o a p o n a p a id , a w a it ­
business, may be summoned, and any or all ma'ters affecting
in g r e i m b u r s e m e n t . . .. ............................... ................
90,794 34
in o r o o ln a n d f r a c t io n a l c u r r e n c y ........................
1,238.* o ws
directly or indirectly the traffic herein covered may be con- M
D e p o s it s In n a t 'l b a n k d e p o s l :a r i e a - g e n ’ l a c c ’ L .
10.' 18.3K) 82
D is b u r s in g o f f ic e r s ’ b a l a n c e s . ........................... ............
4,2 5 1,1T0 8 0 •id red.
1 6.0t7.105 94
XXII. Said Directors shall adopt their own rules and perfect
Aggregate .
1887,880.408^74
their own organization, except that it shall require six affirm­
D E M A N D L IA B IL IT IE S .
ative vo'es to decide any question coming before them.
G o ld o e r t i f l c a t e e .................................................................... 160.748.909 00
XXIII. Said Dinctors shall be charged with the duty S ilv e r oartlflCA tas .................................................................. 83*.*v7.M>4 00
e r t ific a t e s o f d e p o s i t a c t J u n e 8 ,1 8 7 2 .................... 8 ,615,000 00
of securing to each party hereto an •quitahle proportion of CTreasury
n otes o f 1*20.................................................. 143,6 6.2*0 0O -f«O O ,*l73 *8 00
the competitive traffic and the due protection of the revenues F i n d f o r re d s ra p . o f a n c o r r a n t n a t ’ l b a n k n o t e e 7.76 .743 4 5
i n t s t -a n d ln g c h e c k s a n d d r a f t s . . ..........................
3 ,104,380 83
arising therefrom.
D is b u r s in g o ff ic e r s ' b a la n c e s ........................................... *7 ,5 l»».4 *0 25
X XIV . There shall he a permanent Board of Arbitration A fa n c y a c c o u n t s , A c .......................................................... 3.762.796 4 0 - 42.268.332 3 3
r e s e r v e ..........................................
♦99.*'I I , 973 00
con-isiing of three disinterested persons, who shall be unani­ GN >s ld
t c a s h b a la n c e .................................... 92.4wt.300 4 1 ................ ................... 186,406,363 41
mously elected bv the Directors and who shall hold - ffice from
A g g r e g a te ...................................................................................................9827,889,406 74
year to year. To such arbitrators mar be appealed all ques­
b a la n c e in t b s T r e a s u r y A u g u s t
1895 .......................................91*4,039.166 4 9
tions ari-ing under this agreement except the deteruuna ion (Tasb
C a sk b a la n c e In t h e T r e a s u r i S e p e m b e r 90, 1896.................................. 185,405, 83 41
of the standird tariff rates. This, however, shall not be con­
d u r in g t h e m o n t h ................ .............. ........... ................................. . I I ,366.206 9 9
strued as a bar against any Company who may desire to arbi­ Im
B O N D S IS S U E D IN A I D O F P A C IF IC R A I L R O A D S .
trate the matter of its being accorded a differential from any
standard rate. Pending appeals to said Arbitrators, the orders
I n t . r e p a id b y C o m p a n ies.
In te re s t
B a la n ce
In te re s t
of ihe Directors shall be conform*d to. The said Arbitrators
P r in c ip a l
Sam *
a ccr u e d
B y TYatu
B y cash p a y o f I n t s r ’ st
O atp x id b y
shall prescribe and announce the rules under which argu­ # / fU U xoay.
a n d nor
p a id b y
m 'ts ; 5 p. c.
t la n O n * .
f a # u. a. p ort a t io n
ments shall be presented, hearings had, and decisions rendered
W f p a id .
n et e a rn in g th * O . 9 .
S o r tie* .
and made <ffective. Hearings shall be hail upon all questions
1
9
9
arbitrated. The decision of two of said three Arbitrators shall
1
•
9
O n P a c ific. » ^ # 4 5 .1 » l
362.84? 42.024 ,«O0
7,425.880
6 6 8 3 ^ ' 33.941.134
govern when the decision of the Board is not unanimous.
, , , ....
94.546 IO.fVM.49a
4.417.210
6 3 5 0 ,2 8 3
X X V . This Agreement shall continue in existenoe for five K a k . P a c ific . 6 ^ 0 8 ,0 0 0
7^*^512
4O0.A4H 4 4 .^ 0 .1 -0
15,011.113
488,11 aO.H8.fll7
years fr o m -------------------------------- , and thereafter until the U n ‘ n Pacific 2 1,000.000
•4,000 2,701.808
68*355
C e n Br. U .P .
4 .9 C 2 ,0 0 6.0 26
expiration of ninety days' written notice given by any Com­ W w t . Pacific 1,970*6X0
*307
29A&8 2 .087.00*
8 ,077.686
pany of a desire to retire therefrom.
•4.425
286,212
S lo n x C. A P. 1 A » J *
2 ,401,470
Is w it .hEss whereof, tho corporations parties hereto have
U'38X’ *00
i.lfl».fla o 70.054 221
T o t a l s . . . .. 04.0- 8 .MS
9 W
E7.TD-.14fl
caused the foregoing agreement to be signed by their respect­
ive Presidents and Ihe seal of their respective corporations to
be attach-d hereto on the day and year first above written.

DEBT STATEMENT SEPTEMBER SO, 1895.

The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business September 30, 1895.
IN TER EBT-BEARINO

Stock E xchange C learino -H ouse T ransactions . — Th*
subjoined statement includes the transactions of the Stock
Exchange Clearing-House from Sept. 30 down to and including

Friday, October l i ; also the aggregates from January to
September, inclusive, in 1895, 1894 and 1893.
STOCK BXOIlANO* OLKAKINO BOOBS T SANS ACTIONS.

DEBT.

-— S h a r e * , b o t h t i d e * . — .
C lea red ,
T o ta l V a lu e .

1893—
•wmww/ u m n .

I P h y l*

Ism tsd.
1R em itter td .

< H e. F * n * d L a a a .!J » l
C o o tln * s e d a f f p. c .
4 «. V d e d U u . . l f 0 7
is , E eT d*e r e r t d ie ’a
fte, Ihoa n o f 1904.........
4s. Iw>a« o f 1996_____

g
M
g .- j
g .- i.
g .- F .
g . F.

A c e re w a * e s x e l 'd '*
___ B d s t p P a e . R E

....

C ou pon
— — —

TbCeJ.

1 6 0 /4 5 .7 6 0
............
K W i* ,7 a o j
iB*,ooo.ooi> s * . f l i « . r o j
W»^13,40O 3 f).* :M ,» 0

43^9*.. 4...
9M09JMK)
1

! .t s n .a i » . s o o

1 1 0 .7 1 1

iv i

52. ISO
IM yM S O f
08.913.100

747^480.8*0

> E « T OH W H IC H IN T E R E S T H A S O E A S E I) S IN C E M A T U R IT Y

4* !.

o f l 1* 1-

» , ISB I. .

1 •* »sH o «» U lM prior u> j , u o-

• r f 1. t f W , M d n i t i t f lt«Q M o f M M
At
T w lo M
• • • • d a m n t o J a n a a r y i . i m i ..........

I
m

13

S+ptemt-er 30.
Z

u MOOD

- 2 , 0 * 1 94

$4 14 30 0 00
1,971,310 90

r a w ......................................................................... iLSsesro »
0 s .fi« .« «
iwrsmEBT.
..-.1,*/,^*.*.!****........... **•*'*•• ••

Rafik fin*9m:

*

***“"* ****•••'*•**•*•*•»•*•••»••*•*••...

am ou n t cetlm atad a* lost or d e str o y e d ..............

* * « • < « . o f 4« m M u la . a., I .U .M

91.M6.iM0 W

, 0h oo
4*847 W

* 3 75.9 3 1 00
----------- ------------ *.**4.11 7 I f

.»v n ,l«».5l» i »

9.084.709.000
1.: t *. * • . • 1
1,090,000.000

2OJ90S3OO 1.481.300, <K*0

M a y ............ 28.VW .600 l.TlW.O* •0 ,000
J a n e ........... 17,190.700 1 ,0 16.9* 0.000
I n ly ............ 19.886.700 l.lOo.fjOO.* <00
A u g u s t ...
17.669,400 w 961.300.i100
t ~ ‘ ----------S e p t e m b e r 16,020,900
938,400.000
9 m o i.„

1894-

fanuery...
February.
M a r c h .....
A p r i l ........

m» f.......

l u n e ..........
J llT

Auirnst. ..
■pianV i

197.7:2.600 12.673,909.000

■ m m
12,847.600
3M W 0

14. ,28.000
1*,14OJ0O0
13,186.700
10.911,190
18.370.900
14347.900

9 t o o * . . . 139,307,600

A t * r * r » t « a t debt o

O ld k i a M d n n t H

J a n u a r y ... 28,644.600
F .-'-n ta r y ,. 25.108,900
M a rc h ........ 94,621.100

A pril.........
920.384.6'
669.82'* .8 0

«------- Balance*, one Bide.-------- . Sheets
S h a re*.

V a lu e S h a r e* . O a th . C le a r e d .

$

1.08H.600.000
7*4,000,000
1.076.441.000
888.700.000

130M 00.000

842.800.000
734.700.000
1.186.400.000
969.4**0.000
8,741.141.000

I

J « n u a r y M.
13.693.600
898.200.000
F e b r u a r y * 12,090,000
782,100,000
M a rch . ..
|u,a*.7,70*i 1,207.:,nn, hmI
A p r i l.......... 16,799 2**0 1 .0 0 13 00 ,09 0
M a y ............ 28,2.*". I no l.Oai.iOO.OOO
l u n e .......... 17,305.000
1,101,2*mi. u00
J u l y ............ 22,270.4*10 1.45.,975,18)0
t turns t
I
I*
000
S e p t e m b e r 21,7 M..OO 1 ..» . W . - ' O

S t o o l... 171,III,I 0 I ',88B,8fB,000

2 ,000.000
9,687,900
8,70.1,800
8,311.300
8,8*"J.500
1,862.000
l. 79*1,300
1,470.200
1,380,600

9

9

3,300,600
3.629,000
3.784.100
2.331,000
4,870.100
1.7HP.8O0
2.752.600
2,329,200
1.988.600

6.8.1*
6 .1 6 1
7 .0 * 0
6 ,0 0 6
7 .2 0 0
6 ,3 9 6
6 ,0 1 6
6 ,8 8 9
6 .9 5 6

19,901.000 1.190,011.000 2d.674.800

68.627

1,364.000
1.0.16.400
1.152.100
1,3X4.300
1.561.100
1,147,900
938.600

'

1,236.200
ll.07S.7O O

210.71*0.000
172.701,000
167,900.000
163,300,000
IH1.1I0. iwh)
9".»»O,O0O
88.100.000
73.900,000
72.100,000

09.100.000

0,000

2.041,000

1

0 ,8 3 9

6.658

81.800.000 1,928,700
77.200.000 1.418.900
9 L 700,000 1 ,9 3 8.5 )0
06.300.000 1,484.iX*0
57.070.000 1.328,5'*0
90.900.000 2.161.900
71.800.000 L.027,000

6 .5 8 1
6,4 01
0 ,0 8 9

607,070,000 15,325.400

60,7 20

1,091.000
A3.700.000
997.500
65,000,000
1,493.000
» 5 ,490,000
1,710.609
94,500,000
3 .1 M .9 iO
1«2.P"000<)
2 / 7 " .l *0
111,500,0 0
2,346.8*10
1"'\40**. 00
l t97-i
1*7.04 •. 0 0
.*.712,000
ltrt.40 .000

1,483,100
1.133.500
1,920,400
1,399,300
2,167,900
1,644,0 0
2.101,100
L99 . 100
2 ,2 1,500

BS!.9O0,6'J0 15.980,000

0.0*8

6 .8 6 0
6 .9 5 8
6 .7 1 0

0 .4 3 4
5 .615
8 .5 1 0
0 ,434
7,391
0 .4 0 *
0 ,939
0 .7 9 3
0 ,7 6 0

6?,*08

646

THE CHRONICLE.

.— Shares, both sides.— . .--------- Balances, one side— — Sheets
Shares. Value Shares. Cash. Cleared.
Cleared. Total Value.
*
$
$
334
-8ept.90..1.04!>7400 55,700,000 416,600 5,100.000 87,900
51,600
3,900,000
315
86,500
Oot. 1 . 775.^00 41.1(0 ,000
2 -8
66,100 3,500,000 38,800
•' 2 ..
570,800 31,900,000
325
“
3 ..
910.100 65,900,000 102.500 5,000,000 89,200
317
99,200 5,900,000 72,300
“
4 .,
854.600 58,900,000
T ot. wit. 4,160,500 255,500,000
W lilastyr4,780,400 313,800,000
Oot. 7. 1,249,000 82,800,000
“
8 .1.082,600 68,700.000
• 9 .
824,300 52.200,000
“ 1 0 .. 797,800 48,300,000
“ 1 1 .. 694,800 40,600,000

470,900 24,300,000 339,800
310,900 20,100,000 581,000
131.800 7,600,000 105,900
118,400 6.400,000 90.100
81,000 4,800.000 70.200
81.2**0 4,300 000 59,600
77.900 4,100.000 45,200

1,579
1,549
352
339
320
316
316

T ot.-w k..4,647,500 292,600,000
W klastyr3.362.700 222,200,000

490,900 27,200,000 371,000
221,400 12,800,000 425,600

1,643
1,474

The stocks cleared now are American Cotton Oil common,
American Sugar common, American Tobacco common, Atch­
ison, Central of N. J., Chesapeake & Ohio, Chicago Burlington
& Quincy, Chicago Gas, Chicago Milwaukee & Sc. Paul com ­
mon, Chicago & North Western common, Chicago Rock Island
& Pacific, Delaware & Hudson, Delaware Lackawanna &
Western, Distilling & Cattle Feeding, General Electric, Lake
Shore & Michigan Southern, Louisville & Nashville, Manhat­
tan, Missouri Kansas & Texas preferred, Missouri Pacific,New
York Central, New York Lake Erie & Western, New York &
New England. New York Ontario & Western, New York Sus­
quehanna & Western preferred, Northern Pacific preferred,
National Lead common, Philadelphia & Reading, Southern
Railway common and preferred, Tennessee Coal & iron, Texas
& Pacific, Union Pacific, United States Leather common and
preferred, United States Rubber common, Wabash common
and preferred, Western Union and Wheeling & Lake Erie
common.

l^oi«tarrig ©omnueuxialltu cflisJxM & v o s
[From oar ow n correspondent.!
L o n d o n , S a t u r d a y , Sept. 28, 1895.
The excitement caused by the visit of the Russian Foreign
Minister to France is dying out, but there are still many
strange rumors afloat respecting the policy of Russia, not only
in the Far East but also as regards the Balkan Peninsula and
Greece. The rumors, however, rest upon nothing more than
mere conjecture. The broad fact is that Russia is not pre­
pared for a great European war, and that in the opinion of
the best military authorities she will not be ready for at least
a year and a-half. Meanwhile events in the Far East are
watched with great interest in political circles and the feeling
is growing that political trouble is much more likely to occur
there than in Europe. The news of a marked success m Mada­
gascar has dispelled some of the uneasiness in France; and ne­
gotiations are said to be still going on respecting a Spanish
loan in Paris.
Trade is decidedly improving all over Europe. Here at
home the first autumn wool sales began on Tuesday and
showed an advance of about 15 per cent in price over the last
series. The Yorkshire manufacturing industry is very ac­
tive, and so are the Continental woolen districts. There is
also a rise in hides, and there is some improvement in wheat
and a few other articles. Money continues as abundant as
ever. During the week ended Wednesday night the Bank of
England received very nearly a million sterling in gold, and
its stock now exceeds
millions sterling.
There is little to report respecting the silver market. The
rumors of an impending Chinese loan have died out and the
expectation is now general that there will be no considerable
buying for the Far East for months to come. Still the market is
firm. The Indian exchanges are improving, the Indian re­
ports having decidedly increased of late—especially the j ute ex­
ports; and there is a better demand for Indian wheat, while
the buying here in London of Indian rupee paper has again
begun. Tlie India Council on Wednesday sold at Is. l% d.
per rupee the full 50 lakhs offered for tender.
During the week the stock markets have been entirely un­
der the influence of the settlement in mining shares which
began on Tuesday morning. On Monday there was an uncom­
fortable feeling that money would be exceedingly scarce, and
that many small operators therefore would find themselves
in difficulties. On Tuesday, however, a better feeling grew
up, as it was found that, though very high rates were charged,
every oDe with security to offer got accommodation. The rates
were undoubtedly very stiff, ranging generally from about 9
ptr cent to 15 percent and occasionally being as much as 25 and,
in a few instances, even 40 per cent. On Tuesday afternoon
buying began again, chiefly for the Continent, and continued
throughout Wednesday. On Thursday there was a return of
slackness, but again a recovery in the late afternoon, and yes­
,

[V o l . L X I .

terday the markets were very good. Paris is dealing as act­
ively as ever, though the Couliseiers, or non-official brokers,
are doing their utmost to check the speculation. They have
decided not to admit to quotation any new shares until Jan­
uary. Germany, Austria and Holland are likewise buying
very considerable amounts.
In the American department there is an undecided tone.
The success of the Erie reorganization scheme, the sale of the
15 million dollars of prior lien bonds, and the hope that the
reconstruction of the Philadelphia & Reading will be soon
taken in hand, with the belief that the coal rate war is at an
end, are all encouraging factors. But operators are checked
by the fear that gold shipments may continue. The dissolu­
tion of the Bond Syndicate strengthens the fear. If the ship­
ments go on there will not be much improvement in the
market here. But if they cease, and that is the more general
opinion in London at present, there will undoubtedly be a
good deal of buying. Investors here would buy largely if
they could be sure that a sound currency policy would be
adopted; but until that is done they are afraid to venture far.
In the meantime they are watching events very closely.
There has been good buying during the week in Argentine
securities. Trade in the Republic is good, and the railway
traffics are exceedingly satisfactory. The dispute between
France and Brazil, however, has checked investment in the
latter country, and there is not much doing in Chilian secur­
ities. The holidays have not quite ended on the Continental
bourses and the belief of the best informed is that we shall
not see much increase of activity for some time yet. Paris is
the leader of all, and the Madagascar expedition is rather dis­
couraging the Paris Bourse. The i xpenditure in both life
and treasure is very great; the operations will last for a long
time; the Chambers will have to grant further votes, and the
floating debt is already unwieldy. There is therefore a gen­
eral belief both in Paris and London that before very long
the Finance Minister will be compelled to fund the floating
debt; and it is argued by many that if that is done French
Rentes will decline and that that may discourage investors.
However that may be, the buying of gold shares here on
French account continues very large—not, of course, as
feverigh as it was some time ago, but still remarkably large.
Many of the orders are surprisingly small. Bankers say that
they are often for only a single share and still more frequently
for four or five shares, and that usually the orders that come
through bankers are not for large numbers; the great oper­
ators who buy upon a considerable scale transact their busi­
ness directly through brokers. A well-informed French
banker here, who for the past twelve months has done
an immense business in those shares, estimates that the total
investment of French capital in gold, land and diamond
shares during that time cannot be less than 60 millions ster­
ling. Of course it is only an estimate, but it is given here for
the purpose of conveying some idea of the magnitude of the
dealings. The British railway market is rising and generally
all British securities are firm.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
1895.
Sept. 25.
£
Circulation.............................
25,898,520
Public deposits....................... .« 7,428.225
Other deposits.......................... 48,703,901
Government securities............. 14,827,488
Other securities ....................... 25,008,487
Reserve of notes and coin......... 34,64 4,732
Coin & bullion, both departm’ts 43,743,252
Prop, reserve to liabilities, .p. c.
61*
2
Bank rate..................... per cent.
Consols, 2% per cent.............
107 13-16
Silver ......................................... 30 9-16d.
Clearing-House returns............ 119,591,000

1894.
Sept 26.
£
25,509,470
4,367,038
37,751,692
11,239,427
19,210,038
30,001,639
38,711,109
70 15-16
2
102
29J4d.
90,420,000

1893.
Sept. 27.
£
25,869,975
4,259,184
29,056,201
9,489,341
24,176,633
18,147,668
27,587,643
54*
a*
98 1-16
34*d.
97,115,000

1892.
Sept. 28.
£
26,877,755
5,138,858
29,767,737
11,761,156
24,332,621
17,229.714
27,657,469
2
96 15-16
3S*d.
97,497,000

The Bank rate of discount and open market rates at the
chief Continental cities have been as follow s:
Sept. 27.
Interest at

Sept. 20.

Sept. 13.

Sept. 6.

Batik Open Bank Open Bank Open Bank Open
Rate. Market Rate. Market Rate. Market Rate Market
2
2
1
2
2
Parts................
m
i*
1H
3
3
2*
3
2
3
Berlin..............
2*
2*
3
3
2%
2*
3
Hamburg........
3
2*
8
3
2
Frankfort.. .
2H
3
3
m
2*
Amsterdam .
2*
2*
1
V4
2*
2*
1*
Brussels ......
2X
1*
i*
2*
2*
2*
i*
1*
5
5
5
Vienna...........
4
5
SH
4*
5
6
6
6
St. Petersburg.
6
5
6
5*
5
6
5
5
Madrid . ..
5
5
5
5
3*
Copenhagen...
3*
3*
3*
2*
3*

THE CHRONICLED

O c to ber 13, 1895.]

Messrs. Pixley & Abell write as follow s trader date o f
Sept. 36:
G o ld —T h e B a n k kits r e c e iv e d £ 2 , 0 7 0 . 0 0 0 . o f w h i c h £ 1 , 2 2 8 , 0 0 0 c a m e
t r a in U n it e d S t a t e s a n d X 5 3 0 ,0 0 0 t r o -u A u s t r a l i a ; a n d £ 4 1 0 , 0 0 0 h a s
k e e n w ittK liM w a. o f w h ic h E it y o t t o o k £ t o > . ) 0 >.
T it s i u q u i r y f o r th e
C o n tr a e n c h is e r a s e d .
A r r iv a ls : U n it e d S t a t e s , 2 1 ,3 3 0 ,0 U t> : S o u t h
A f r i c a . £ 1 0 5 ,0 0 0 ; C a lc u t t a , £ 1 3 , 0 JO. S h ip m e n t s t o B o m b a y , £ 1 5 , 0 0 0
c o in .
S i l v e r .—T h e p r i c e o f s ilv e r h a s b e a n s t e a d y , o w i n g t o a n i n q u i r y f o r
t h e C o n tin e n t , o n n i * Stow V > r k , e i t 3 .« > 0 3
S h ip m e n ts ; B o m b a y ,
£ m2 . 0 " 0 ; H o n c k .i o g , £ 1 0 ,0 0 0 ; Shittsrtm t, £ 1 .8 ,7 0 0 ,
M e x i c a n D o l l a r s . - T h e r e i s * g o o d d e m a n d f o r t h e s e c o in , b u t t h e
s u p p l y is v e r y lim i t e d .
A r r iv a ls : N ew Y o r k . £ 1 7 ,4 0 0 . S h i p m e n t s :
P a n a n g . x 2 .7 uO; S h a n g h a i, X 1 ,1 0 0 .

The quotations for bullion are reporte
Sept. fid.

Bar g old , f ln e ....o « .
Bar g old , parting.© *
Spaa, tontkloo)as. Off ET. 8, g o ld c o la . —os.
Q o n a a n g o ld eotaMfli
b'r&nGix ttold o o la .o *

f. dL
V7 0
77 m
73 7
7« m
7« m
Td m

SILVER.
Lon don Standard.

Sept. IS>.

J o n e ..........
J u ly .............

AllJZttSt—

A
30«
30H

1393
8 ,9 * * 1 ,3 0 0
1 , 0 1 6 . 2UO
8 0 3 ,7 5 9

1893.
4 .8 3 2 .2 3 4
1 ,3 8 3 ,0 2 0
9 4 5 .3 1 9
1 0 6 .4 5 1
4 0 3 ,6 ’ 0
1 ,9 4 -9 .8 35
1 ,5 6 1 .7 1 3

W w » i . „ , ................q m .
F lo u r , e q u a l to % « .
M t u e ............... . « » .
B u g lia h

1892.
4 , 7 3 9 ,8 6 3
1 ,1 4 6 ,0 2 1
1 ,0 0 1 ,0 6 3
1 2 9 ,8 5 5
4 < 5,222
2 ,8 3 5 ,1 5 8
1 .1 7 5 ,1 0 7

a sc r ip tio n o f BonO*.

O a r r e u e y 6 s , P a r , R K . ..
5 p e r c o a t s , 18:9-1 ............ |
4 p e r c t s , f u n d e d 1 9 0 7 ..
1 p e r c e n t s , 1 8 9 5 . ............ !
2 p e r e ra ., f u n d e d 1 8 9 1 ..

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

< I* r* to t« — f a r

l»9 3 .
3 ,3 5 0 .0 0 0
3 1 4 ,0 0 0
3 3 1 ,0 0 0

C a n to.

31
107 *,
a r ...
100-65
21%
1)2%
10%
73
103%
154%
!ii%
72
18
17%
105 \ !05%
12
l s%
32
Sl«*
19
10%
U%
l-t%
HI
19
57 %
57%
u>%
10%
13%
12%
39%
,19%
14%
i t%
23**

Frt.

31%
107%,
107%
00-07%
22
81%
20
78%
10(%
151%
84
72%
17%
105%
12
81%
>-%
11%
w
t*7H

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

S«pf*st»iMKr«
Vrslatl,,

t

itjm jm

u m .t&
U M l M l 'l

12
81
ta%
14%
13\
57 %
10%
12%
3!)
15%
22%

up

39%
15%
f mn

Mx,ports.

Bold.

W e ek .

Groat B ritain....... .

Franc*....... ..............

G e r m a n y ...—

______

West Indio*.............

41
•

T o ta l

$
3 ^ ,0 7 0 ^ 0

»

:

:

I-',

flltt48,08ff
*2.27iM*25
U M ltm
VtMB6,912

ts&.eoi 3 id *m .7 \9M b

HinccJan.l.

2 6 1 ,4 8 4
* 3 2 0 ,0 0 9 $ 8 0 ,7 4 1 ,3 8 3
n, fifth 8 4 , 2 9 2 ,9 4 0
2 0 9 ,8 9 8 7 0 ,1 0 0 ,3 2 7

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

1 ,boa's"!

Imports.

h'.sports.
'S in c e J a n . I .

Since J a n .l,

Groat Britain.......

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

* 6 6 ,0 7 2

F r a n c e ........................... .
G e r m a n y .......................

10,142

W e ek .

T ota l 18 9 5 .
T ota l 1894.
T ota l 1893.

disc.

W eek .

$ 1 5 ,7 4 1 ,7 2 4
• 1,603,988
1 ,5 2 7 ,1 9 1
2 1 ,3 9 0
8 8 0 ,2 8 7
5 1 ,4 0 3
” 5 ,1 4 0
5 5 5 ,1 8 2
7 1 ,1 1 3

South A m erica..........
A n oth er countries..
T o ta l 1895
T ota l 1 8 9 4 .
T ota l 1893

I m p o r ts .

\ 8 in c e ja n .l,

$ 3 8 ,8 1 1 ,0 8 0
1320.0011 1 3 , 8 0 8 ,0 8 2
8 ,3 3 0 ,0 8 6 '
7 ,5 5 9 ,7 9 3

M e x i c o ...........................

All other countries.

1 Gmertti.

zj . u i . u

$ 1 0 ,8 6 9 ,8 7 4

The imports o f dry goods for one week later w ill be found
report o f the dry goods trade.
The follow ing is a statement of the exports (exclusive o f
s p e c i e ) from the port of New Y ork to foreign ports for the
w e e k ending October $ and from January 1 to date:
aiPOBT* FROM MEW YORK FOR TUB W EBK.

M e x i c o ........ ...................
-South A m e r i c a ............

$ jm m ‘
t .m i .m ' m M 7 ,m
n / m jm
a jm jr n

u jm jm
11 w ? ,11 # t ? *

♦

$ 8 , 8 0 4 ,9 0 1

$ 4 7 , 8 12 ,5 8 0 $ 1 1 5 ,8 5 7 ,1 7 9
2 8 6 ,5 4 6 ,1 5 5 2 8 1 ,3 4 0 ,0 7 7

T o t a l 10 w e e k s $ 4 3 9 ,8 1 5 ,4 1 8 I l i a , 5 3 3 .8 0 3 ♦ 3 3 4 ,3 5 8 .7 3 5 $ 4 0 0 ,6 0 7 ,2 5 6

West Indies..............

.1
i

1895,
* 3 ,1 1 3 ,0 9 7
7 ,7 5 6 ,7 8 7

105%

roan

0m m .

1894.
$ 2 ,0 8 4 , 3 1 7
6 , 7 * 0 ,5 8 7 ]

1892
1893.
|
1894.
1895.
3ta;a
1071,*
$ 7 ,3 2 0 ,8 3 0
F o r t h e week.
$ 0 , 8 9 1 ,5 6 8
107%
# 7 ,1 5 3 ,9 8 1
$ 6 ,3 8 0 ,0 3 9
00 57% P r e v . r e p o r t e d 2 9 1 .4 9 0 .7 2 9 2 8 0 ,6 4 2 ,4 0 7 j 2 7 4 ,0 3 2 ,0 9 4 2 5 3 ,3 3 9 ,5 4 2
21%
T o t a l 4 0 w e e k * * 3 0 1 ,3 9 2 .2 9 6 $ 2 8 9 ,5 6 3 ,2 3 7
# 2 5 9 ,7 1 0 ,5 8 1
81%
19%
The follow ing table snow* tlw exports and imports o f sp ecie
70
103
at the port o f New York for the week ending October 0 and
l •,*%
since January 1. ifiSW, and for the corresponding periods in
63
1894 trad 1893;
72%
17%
e l p o u r s A»r> i m p o r t s o p s p s c i e a t a s w Y o r k .

t$0>.
to ta l

1893.

in o u r

Thun.

Wed.

1892.

1|
s
p 1

Tues.
80»*,«
107V,,
£07%
100 45
3t%
«t%
H*>*
77*,
103 V
Lit ■<
«■%

is rr o « » *

1

$ 2 2 5 ,5 7 4 ,5 5 0

# 5 ,9 7 8 ,1 6 1

rw

i

* 2 1 0 ,1 9 0 ,5 5 0

$ 1 3 ,9 7 0 ,5 3 7

1894
3 .0 0 3 . 0 0 0
3 6 4 ,0 0 0
3 1 2 ,0 0 0

W®£,

s ij m , t m
w w m 0m

*15,378,000

T o t a l ............
S in c e J a n . 1.
D r y G o o d * ........
G a n T mer’dtse.

Mtmth,

$

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

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

F u r W eek .

Fomsios T b ad s o r Nbw Y o r k —Mo sth ly S tatemcrt , - I n

u .m is m
1MMAM7
t

149,531,350

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

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

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

addition to the preceding tubhw, tnado up from weekly
return*, we give the following figure* for the full montl
*I*o imbed by our Hew York Custom House. The first «t*
<mms ronsr,<the total imports of murchandiati

im eom tf*.**
r s w tu te rr ..
M rntm .. . . .
A.prii
Mm?. . . . . . . . .
d n m ......... .
to t f ......

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

D r y G o o d # ........
CteuT intsrMIst*.

M on.

Me.re.hg),?*0m .

T o ta l H e ld .

7 ,0 1 3 ,1 7 2
1892,
29*. I d .
39*. 2 d .

©<miuevc inlan d H U sceltaucous H cujb

(Mod*.

Bank
Circulation,

in B a n k s .

6 .H S M 8 9
7 ,7 1 5 ,2 8 3
1994
1893.
20#. 5 4 .
2>i.«. od.
8 1 * . «<i.
8 3 * . Hd.

Silver, pero*............. it soil,* 30%
Consol*. new. 2% 9. eta. 1075* 1075*
For eoouunt................. I07Hm 107t*i,
Fr*cb rente* Un Parisifr. !190-85 100-SM
A '.oh . T o p . a s . F e . . . . . . : 22
31%
Cuamltau Pacino— . .. . i
02%
1»%
Ch«9*p«*ke a Ohio___ 2OM
7ti.%
cow. ta w , a »t. Paul., ! 7$
lot
liliaot* Central. . . . . . . i « m
t.%t >» 154%
take Shore__
i c a M l M a SLwhvlU*.. •‘4
Menlo**a Central 4*..... 72 R
72**
Mu. Ran. & Tex. cum— 10
is a
Jf. V. Central a Uudaun 1051* too
K. V. lake Erie a West. 12 k
12**
2<&
81**
82%
19
H. T. out. & Wz*um.
18%
Hortolk a
pmt. 15
t'***
Nofltoeru I'miM®, j
19
19
57%
Pto&a49lv*iii*
57**
10 k
10%
43%
11 *4
to
pmf&.
40%
40%
Ua.um Pi^Sew.
.
14N
U*s
Wmhmb,
23**
23%

im p o r t *

87,090,390 05.933,27

1892.
4 ,7 3 9 ,8 8 3
1 ,1 7 5 ,1 0 7
1 ,0 9 8 ,7 0 3

Tb* id ly closing quotation* for seouritle*.
a* L-radon
•re reported by cable a* follow* tor the week ending G ;t. 11:
am.

T o ta l---.......

$
8,315,055
7,424,174
7448490
0,733,598
6,238,318
5,161,44 S
0,175,579
8,723,355
9,092,000

1893,
4 ,8 8 2 ,2 3 4
1 ,5 6 1 ,7 1 3
1 ,7 0 1 , 3 3 6

C a tt m e *
2 .1 8 7 ,0 0 0
i 6 3 .0 0 0
7 2 0 .0 0 0

F in a n c ia l

J a n u a r y . . . . ..
February...........
M a r c h .......,..,,
A p ril,..* .. . . . . . . .
May.....................
J a n e ..... . . . . . . . .
J n i r ..................
Augvgi. — . . . . .
S eptem ber.......

*
12,818,691
9,343.S«3
9,798.203
8.825,022
8.104,105
7*510.817
10*634,765
10.289,618
9,750,892

W. S. B o n d s H e ld S ep t. 3 0 , 1 8 9 5 , to S e c u r e -

The follow ing snows the quantities o f wheat, Hour and
maize afloat to the United K ingdom :
r u n v m M.
3 .0 4 6 ,0 0 0
1 3 5 .0 0 0
7 8 8 .0 0 0

1894.

1895.

IMPORTS AND E xports FOR TUB W ebk . —T he follow ing a re
the imports at New York for the week ending for dry g o o d s
October 3 and for the week ending for general merckandis e
October 4; also totals since the beginning o f the first week
m January.
POaBISN IMPORTS AT NEW TORit.

1894
4 . 7 3 2 ,0 1 5
1 ,1 3 .4 .4 3 7
7 8 8 .2 3 7

7 ,8 7 1 ,1 5 9
T o t a l . , ......................
1895.
A v e r . p r i c e w h e a t w e e k .S ia . 74 .
A v e r a g e p r t c e . « » a # o n . .2 2 * . 1 0 4 .

I
30,037,691
27,304451
31*301,080
27,990,338
28,080,944
80,082,539
20,338,424
29,323,417
26,397,471

SCH

Supplies available for consum ption (exclusive o f stocks on
Septemlxfr 1):
W h eat im p o r t e d .e w i.
I m p o r t * o f f l o u r . ........
B a le s o f h .u u e g r o w n .

?
28,880,720
23,021,575
27,804,407
20,157,980
28.003.178
25,335,867
25,813**150
20,485,213
20.573.006

Month.

1S94.

Bonds H eld b y National B anks .—The follow in g interest­
ing statement, furnished by toe Com ptroller o f the Currency,
shows the amount of each class o f bonds held against national
oank circulation and to secure public moneys in national bank
depositaries on September 30.

The follow ing shows the imports o f cereal produce into the
United Kingdom during the first three weeks o f the new sea­
son,compared with previous season*:
IMPORTS.
1*91.
4 . 7 3 1 .0 1 5
1 ,7 3 3 ,9 0 9
9 6 9 ,0 3 4
8 2 .3 3 3
3 1 4 ,6 4 7
1 ,3 8 . . 4 , 9
1 ,1 3 8 ,4 3 7

m o.

Sept. 26. Sept. 19.

(L
#. dr
30 0-16
Bar atlvor, & ae*..cs.
17 9
77 »H Bar s ilv e r , co n ta in ­
73 7
ing frgnL.gotdL. 01 . 30 15-16
7S m Oak a s i lv e r . .. .. .. . o * . 3215-15
70 m M exica n to lla r s ^ o * . m i
70 3 k

1895.
i m p o r t s o f w h e a L c w t , 3 , 0 9 1 ,2 0 0
B a r l e y .....................
1 , 6 3 4 ,7 4 0
O a t s ...................................
a a .-t.8 3 0
* > ".,«............................... ..
1 7 9 ,2 2 0
Hr *n * ................................
2 3 5 ,7 6 0
I n d i a n c o r n .................... 2 j 8:>4 .3 0 0
1 /1 1 6 ,2 0 0
F l u o r ......... .....................

A t N&w York.

total Merchandise.
Month

follow s :

CUSTOMS RECEIPTS.

EXPO RTS FKOM N E W Y O R K .

to i
ca I

GOLD.
L&nd^n Standard.

i as

647

7,505

3,451

6,188

1 4 4 ,1 5 0

819,702

3 1 ,2 3 2

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

3WS*
702,797

*081.909 * 2 8 ,8 0 8 ,2 7 8
889,368 28,704,850
251,378 2 4 ,5 0 9 ,0 4 5

*1,475,526
1 ,3 7 3 ,6 (2
2 ,0 5 1 ,1 0 4

Of the above imports for the week in 1885 $31,760 w ere
Am erican gold coin and $172 American silver coin.
— Messrs, W hann & Scbiesinger, No. 2 W all Street, offer
the balance o f $050,000 City o f Alleghany, Pa,, 4 per cent
water bonds Details and prices will he furnished on appli­
cation.
— Attention is called to the card of Messrs, J, B, Thurman
& Co , Chicago, dealers in high-grade municipal and railway

bonds.

THE CHRONICLE.il

(548
I lr e iu ls iu t l'*

F ig u r e s

B rou gh t

F rom

Page

[V ol. L X I

6 7 1 . — The

— Mr. Charles Fairchild, who was elected a member of the
New York Stock Exchange on Thursday, has formed a co­
partnership with Mr. Charles A. Watrous, under the firm
name of Charles Fairchild & Co., for the transaction of a
general brokerage business in securities, making a specialty of
investments, Mr. Fairchild has had many years’ experience
in the banking business in Boston, and Mr. Watrous, who is a
Baricy.
nvt.
Oats.
Oom.
Wheat.
Receipts at— F.our.
son of the late President of the New York New Haven &
BuM
lh
Bbl».\mb> Hush.GO lbs BushM16k BushM lb Bu*fc.48 V
Hartford Railroad Company, was formerly financial editor of
24/32
028 904
75,078
848,209 1,812,377 3,038,87 6
Chicago.......
ihe Evening Sun, and more recently with II. B. Hollins & Co.
33,000
598
400
313,000
438.050
28,600
55,000
Milwaukee..
30,433 The firm’s card will be found on the first page of to-day’s
180,251
23,420
1,891,100

statements below are prepared by us from the figures of the
New York Produce Exchange. We first give the receipts tt
Western lake and river ports, arranged so as to present tl e
comparative movement for the week ending Oct. 5, 18 5,
and since August 1. for each of the last three years:________

Duluth.......
Minneapolis.
Toledo.........
Detroit.......
Cleveland...
St, Louis.—
Peoria... ...
Kansas City.

141,205

Tot.wk.’95.
Same wk/94.
Same wk,’93.
Since Any. 1.
1805 .........
1894.........
1893..........

302,708
340,016
288, b88

2,9:3,400
115,8 0
04,150
20.101
210,741
37,800
110,008

7,800
151 200
41,434
8,8)3
48,905
398,050

0,728,785
4,487,104
6,13O,0?7

2,497,769
1,037,093
3,914,4 4

Chronicle .

000
23,800

3.000
..

44/05
00,000

5.172
1,200

7,80',
65,043
2“ 203
47O.50U
907,850
*•
5,446.757
2,119,467
3,815,935

1,537 660
1,476,8 2
1,385.898

93,237
4P,4.£0
112,910

2,493,751 45,062.027 22 564/81 30,409,996
3,822,057 53,077,540 15,426, *7S 26,003,832
3,210.717 44 569 956 3.3 835.58 1 32.^12.619

0,785.353
9,303,850
3.869,147

707.481
575,441
838. 94

1,558
1,700
1,077
20,790
4,800

The receipts of flour and grain at the seaboard ports tor u e
week ended Oct. 5, 1895, follow:
Oats,
bush.
821.9C0
128.273
19,741
148.395
86,845
8,500
33,510

Barley
bush.
46,075
300
2,000
10,000

443,117 1,295,407 1,331,207 1,247,164
Week 1894............ . 430,218 1,050,188 468,120 1,312,081

07,S75
133,OuO

Flour,
obis.
Boston..................
Philadelphia,.........
Richmond.............

51,952
2,600

Wheat,
bush.
813,' 00
154,749
109.337
02,134
71,187
26,000

Oorn%
bush.
753,650
201,.58
28,583
276.181
a, 000
69,235

8,000

Rje
bus).

3,523
3,520
21,419

The total receipts at ports named in last table from Jan, )
to Oct. 5 compare as follows for four years:
Receipts of—
IStB.
Flour................. bbls. 12,588,179

1894.
16,428,002

1898.
14,595,410

bufiti.
Wheat..
. “
Corn......
. “
Oats......
. “
Barley...
. “
Rye........
Total grain..........

29,400,620
30,1 8,772
31,i 04,216
1,675,837
358.128

43.371.185
37,466,853
34.924,655
2,2.15,549
303,590

75,002.220
42,553.870
40,323.994
2,883.886
942,375

98.807,903

118,332,132

161,700,345

1892.
U.Ofl.lSO
95,950,003
73.019,466
44,125,502
3,269.311
3,282,u53
220,270,645

The exports from the several seaboard ports for the weei
ending Oct. 5, 1895, are shown in the annexed statement:
Corn,
bush.
026,401
84,098

Flour,
bbls.
8',19l
40,370

26.000
257,593
180,210

37,655
108,736
3,100

25,734

5,302
20,368

Total w eei.......... 655,7«t 1,200,036
Same time 1894......1,300,143
39,797

291.032
830.077

Wheat,
bush.
Exports from—
New York............. 316.721
Boston .................
Portland............. .
Philadelphia.......
Baltimore................ 32,000
New Orleans....... .
Newport News......
Montreal.............. .* i.22,120

Oars,
bush.
7,389

Rye,
bush.

Peat,
bush
3,032

City Railroad Securities—Brokers’ Quotations.
Bid.

Aak.

Bid.
Atlan. Ave., B’klyn—
Con. 5s, g., 1931.. A&O
Impt. 5 b, g., 1934..J&J
Bleek. St. & Ful.F. Stk.
1st mort., 7s, 1900. J&J
B’ way &7tn Ave.—Stock.
1st mort., 5s, 1904. J&D
2d mort., 5s, 1914.J&J
B’ way lat, 5s, guar. 1924
2d Sa.int.as reut’1.1905
Oonaol. 5s, 1943...J&J)
Brooklyn City—Stock....
Consol. 5s, 1941...J&J
Bklyn.Crosat’n5a.l90S
Bkrn.Q’nsCo.&Sub.lsi
Bklyn.C. &N’ wt’wn—stk
5a, 1939........................
Brooklyn Traction.........
Pre Ierred................. .
Central Crosstown—Stk.
1st M .,6s, 1922...M&N
Cen.Pk. N.&E.Riv.—Stk
Consol. 7s, 1902...J&D
Christ’p’r&lOth St.—Stk.
1st mort.,1898 ...A & O

§ And aeorued interest.

(las Securities—Brokers’ Quotations.
GAS COMPANIES.

GAS COMPANIES.

Bid. Ask

Bid. Aak.
97
170
180

People’ s (Brooklyn)........
Peoples’ (Jersey City)__
Metropolitan (Brooklyn)
W illiam sburg...............
1st 6s..............................
Pulton Municipal...........
Bonds, 6s...... - _______
Equitable........ ................
Bonds, 6s, 1899 ..............
100
St. Paul..........................
95%
95
Bond*, 5s......... —...........
54
Standard pref...............
56
Common............... .......
32
30
79 s 8OI4 Western Gas...................
Bonds, 5s......... .... .......
$ And accrued interest.
* -Ex rights.

Brooklyn Gas-Light........
Central..................... ......
Consumers’ (Jersey City).
Bonds...........................
Citizens’ (Brooklyn)........
Jersey City & Hoboken..
Metropolitan—Bonds.......
Mutual (N. Y . .................
Nassau (Brooklyn).........
Scrip.............................
N. Y. & East Riv. 1st 5s..
Preferred ..................
Common................. . ....
Consol. 5s....................

130
150 1 0
92-. 95
102 105
70
180
108
173
220

220

105
175
105
190%
100
65
$884
107 4
*67 4
69
94

175
108
198 *
68

90*
109
69
71
96

Auction Sales.—Among ocher securities the following no
regularly dealt in at the Board, were recently sold at auction
5,698
7,389
10,543

9.200
112,830

By Messrs. R. V. Harnett & O o.:
Shar(8.
60 N. Y. Suburb. W ater Co.
stock .............................. $100
509 Consumers’ Cord. Co of
Can da. p r e f .......... ...
99
1,491 Consumers’ Cord. Co .
of Canada, com ................ 33

Bonds.
$4,500 N. Y. Suburban Water

The destination of these exports for the week and since
Co. 1st 5s, L925.................... 60
Sept. 1, 1895, is as b. low. We add the totals for the corres- $300 N. Y. Suburban Water
Co. 1st 58. Bond scrip ---- $100
donding periods of last year for comparison:
Exports for
week and since

Askt

Columbus & 9th Ave. 5a. I l l 1 1 1 %
D. D. K. B. & Bat’y—Stk. 165 167
107
1st, gold, 5a, 1932.J&D 114 110
85
29
31
$103% 105
Eighth Avenue—Stock... 330 350
$110 112
Scrip, 0a. x914.............. 103
195 200
42d & Gr. St. Fer.—Stock 320 330
$106 108
42d 8t.& Man.&St.N.Av. 56
60
$109 112
1st mort. 6s, 1910.M&S $115% 117
$112 117%
2d mort. in come 6s. J&J 55
$104 Si 106%
00
Long Island Traction---20
114% 115
21
Lex.Ave.&Pav.Ferry 5a. 111 1 1 1 %
175 176
Metropolitan Traction... 100% 101
115 110
Ninth Avenue—S tock... 155 ___ ,
105
Second Avenue—stock .. 150 157
103
lat mort.,58,1909.M&N 108
200
Debenture 5a, 190«. J & J 103 104%
109% i i i
Sixth Avenue—Stock---- 214 220
14
15
64
Third Avenue—Stock ... 194% 195%
63
185 200
1st mort., 5s, 1937. J &J 1 2 1 % 122
Twenty-Third St.—St’ k. 300 ___t .
$118
104 107
Deb. 5s, 1903............... 100 105
U nion Ry—S tock ........... 107
$114%
150 155
lat 5s, 1942 ................... $104 i'06 *
Westoheat’r, lat,gu.,5s. $10 1% 102^
105% 107

-Flour.-------- , ■—— -W heat------ . ,-----------Pom.
Week Since Sept. Week Since Sept. Week Since Sept.
1, 1895.
1, 1895.
Oct. 5.
Oct. 5.
1. 1895.
Oct. 5.
bush.
bush.
bush.
bush.
bbls.
bbls.
820,900 420,932 3,508 058 745.614 3,440,330
210.* 70
728,8
<
7
420
223
2,022,912
00.270
95,053
10.118
303
15.950
93,372
47,042
175,801
10,903
15,231
114,059
76,c6b
33,309
1,280
24,"*8
9,u21
33,170
2,909
95,334
4,818

$255 N. Y. Sub. Water Co.
1st 5s, “ cash” B oud scrip .. $255

By Messrs, Adrian H, Muller & Son:

Shares.
Shares.
Continental Nat’l R a n k .133% 100 B rooklyn T- ust Co..........3884*
13 First Nat. B’ k o f S p rin g ­
Niagara Fire Ins. Co — 131
field. K y .......................... 50
Home Ins. Co ....... ....... 151%
16 Brooklyn Warehouse &
Standard Oil T rust.. . . . . 190
Stor -ge C o ....................1 2 3 4
Floating Dry Dock Co.,
291.092 1,208,217 555.731 4,331,105 1,200,030 0.208.8 >4
1 Founders’ 8hareGerman
$60 each ............... $10 per sh.
39,79 7
2?4,093 115 Pneumatic
Total 1894.......... 330,0.7 1,473,510 1,303,143 6.732,012
American Iny. Co. $10.$26
Steer’g Gear
10 German Amer. Iny. Co.
The visible supply of grain, comprising the stocks in granary
M T g Co........................
com
m on.....................$600 lot.
85
E
lectric
Steering
Co.
at the principal points of accumulation at lake and seaboard
50 Third Ave. RR. C o-. 19 5-1964
200 Allegh’ y & E ast Sandy ,r,in
ports, Oct. 5, 1895, was as follows:
11 Wagner P alace Car C o.. 158
R ock Oil & tfin 'g C o.. <*LK)
Oats
Com,
Wheat,
Barley
Rye,
20 Washington Ins. C o---bush.
bush.
bush.
bush.
bush.
In store at—
Boyids.
50 Winona Oil C o ..............
787.000
259.000
8,000
New York................ . 4.406,000
9,000 100 Powell Oil & Coal C o..
$294,800 Sinnemahonlng Ir.
20.000
17.000
20,000
88,000
Do
afloat....... .
&
Coal
Co.
o
f Pa., 1st 5s,
4 7th Nat. Bauk, N. Y ....... 113%
30.000
18.000
1940. Sept., 189 i, coup. on. 10
93 Wilson vtill’g Co. of Wil­
64.000
322.000
92,666
3 ’3,000
Buffalo.................... . 1,789,000
son, Kan. $10 each ,...$10 lot. $1,000 Retsoi Mining Co. 1st
529.000
2,083,000
142,000
Chicago................... .14,974,000
50,000 100 L aw y’s’ Tit. In. Co. 148% 150%
5s, 1925. J&J ................... 55
■
54,066
.
403,000
40,000
804,000
Mil waukee..............
Continent .........
S. & C. America..
West Indies ..
Brit. N. A. Col’s.
Other countries..

60,000

' ’49,’oo6

Toledo...................... .

975,000

174,000

07,000

116,066

Detroit.................... .

441,000

43,000

46,000

9,000

Oswego.................... .
St. Louis................. .

45.000
900,000

Duluth.................... . 6,013,000

43,COO
97,000
15,000
Tor into................... .
Montreal................. . 263,000
. 330,000
.
92,000
Iniianapolis............ . 124,000
Kansas City............. . 854.000
Baltimore................ . 523,000
Minneapolis............. . 8,203.000
On Mississippi River
On Lakes................. .* 1.763 000
On canal and river.. . 3i2,000
Cincinnati................

Total Oct.

5. 1895.41.832.000
.40,7-'8,000
Total Oct. 0, 1894.73,021.000
Totai Oct. 7.1893.63.275,000
Total Oot. 8. 189a 51.284,000

’ 75.000
10,000
20,000
130.000

171,000

1,8Q2,000
116.000

12,000
22,000
5.000
78.000
150.000
282.000
4.000
10.000
81.000
99.000
4.000
831,000
13.000

5,414,000
5,401.000
3,905,000
8,-01,000
11.316.000

3.436.000
2/25,000
8,650,000
3.1*3^,000
7,213,000

3.000
75.000
54.000
38.000
6.000
77.000

TCooo

10
12
15
25
50

R a n k in g

593,000

fin a n c ia l.

S am uel D. D avis & Co.,
BAN K ER S,

80,000

30,000

33,000

3,000

" 6,050
1,100

NO. 40 W

Sam del

i l l

S T ., N E W

D. D a v i s .

YO R K .

Ch a s. B . V an N o stran d .

Spencer T r a s k & C o . ,

1,000
' i 4.066
01.000
45.000

114,000

*80,000

739,o66

651,000
58/000
3-3,000
470.000
881.000

and

3 9,000
2,0’jO.OOO
1,910,000
2.820,0' 0
1.609,000
1,296,000

BANKERS,

S7 & 29 P IN E

STREET,

-

-

N EW

YO RK .

65 Stale Street, Albany,

IN V E S T M E N T
Geobgb

—Messrs. E. D. Shepard & Co. offer for sale $140,000 City
of Altoona, Pa., gold bonds, free from tax. Their ad­ 3 0
vertisement will be found in our S'ate and City Department. I

Ba r c l a a

M

S E C U R IT IE S ,

Mo f f a t .

A

o f f a t

& W

lexander

m.

h i t e

W hitb , Jb

,

BANKERS
P I N E

S T R E E T ,

-

-

N E W

INVESTMENT SECURITIES.

YO R K

l'HE CHRONICLE.

OcrOBEB 12, 1895,]

g lx c

j a n k e r s ' d a ^ e tie .
D I V I D E N D S ,

.Vetm* of C o m p a n y .

P er
G ent.

R a ilr o a d * .
-C entral o f New J e rs e y (<iuar.)..
Cm , S an d u sk y *fe C l e m p r e f — .
L o b k Isla n d w n a r .i..
.........
T o le d o etc Onto Cent. p ra l.(«ja »r.)

1*4
3
1

T rv i* t C o m p a n ie s * .
N . X. S ecu rity A -r u s t ...................
r il* * * e I ta n e o u « .
C olu m b u s t o ) St Kv tttuar,) —
N a tio n a l By <>t Sr L ou ts (qn&r.)
N e w K u k a n d 8 t Ky. (qu*r.|. . . .
D in te d S tates L eath er p t. (qnar -

W h en [
P a y a b le,

4

N ov.
;NOT.
N’OV.
O ct.
;Olit.

5

N ov.

1

SHo t .
o «.
O ct.
H oc.

ih

\
2

H o o k s clo s e d .
(D a y s in c lu s iv e .)

15
23
10
19

to

1 Out. 16

to

No t . 1

1 Oct. 22 to
1 0 .Oct- 5 to
15 O ct. 10 t o
1 O c t 16 to

O c t 31
Oc-t 9
Oct. lr>
N ov. 1

u
1
1
25
15

O ct.
Out.
O ct.
Out.

to
to
to

Out. 31
N ov. 1
NOV. 1
O ct. 25

649

The follow ing were the rates o f domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
oar, selling }^>®1-10 premium; Charleston, buying par, selling
}4 premium; New Orleans, bank, par; commercial $173 pre­
m ium ; Chicago, 33;. per $1,000 disoount; St. Louis, 50@75c.
per $1,000 premium.
United States B on ds.—Sales of Governm ent bonds at the
Board include $8,000 5s, reg „ at 116 82.000 5s, coup., at 116^
io U0J4; $10,000 4s, r e g , 1907, at 112; $3,000 4s, coup., 1907, at
112, and $79,000 4s, coup., 1935, a t 123, Following are closing
quotations:

to

W A L L S T R E E T , F R I D A Y , O C T , I t , 1 S 9 5 .-5 P. M .

The Money M arket and F in an cial Situation. — The
m arket for railway securities has been dull and generally of
a n uninteresting character during the week. This condition
h a s been attributed in part to the unsettled market for South
A frican mining shares at the principal European centres,
and may be in some degree ow ing to the firmer tone and
higher rates now ruling in our foreign exchange market.
Business at the Stock Exchange to-day has been feature­
less. The market was heavy and changes in the railway
lis t generally unimportant.
Oue o f the important events o f the week was the meeting
o f trunk-line railroad pre idents, at which it was agreed that
the matter of rates shall be submitted to a board appointed
fo r the purpose o f fixing the aatn ■. All the conditions o f the
agreement are o f such a character that the results m ust be
h igh ly beneficial.
It has been announced during the week that a committee
representing strong railroad interests have prepared a new
plan for reorganizing the Union Pacific Railroad, and that
the same w ill soon be given out.
Securities o f the
Union Pacific system have materially adva nced in conse­
quence. On the Other hand the disastrous rate-cutting in
som e part* o f the West has had the effect to depress the
m arket for some o f the granger shares.
The activity and advance o f silver builio l both in this
market and at London h*a attracted attention in financial
circles. The price was on Thursday at th < highest point of
the y ar, and the demand, which is always large for manu­
facturing purpose* at this season o f the year, is now in excess
-of the supply.
The mom y market itas been somewhat unsteady.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from i to 3 per cent.
To-day rates oa call were 3 to
per cent. Prime com m er­
cial paper is quoted at 4 1, to
per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1,013,874, and the percentage
o ' reserve to liabilities was 58*97 against 59*83 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows a decrease o f 33,983,WO francs in gold and
10,286,OW francs in silver,
The Mew York City Clearing-House banks in their statement
of Oct. 5 showed a decrease in the reserve held o f 38,088 900
and a surplus over the required reserve o f .116,471,525
against 122,290,173 the previous week.

tnleretl
Periodi
2 s , ....................... rex.
4s, 1 9 0 7 ..............rey.
4*. 1 9 0 7 ...........cou p .
■Is, 1 9 2 5 ..............rest.
4s, 1 9 2 5 ...........«o u p .
5 8 ,1 9 0 4 ............ re «.
5 s, 1 9 0 4 ........... co u p .
6s, o n r ’o y ,’ 9 5 .. .re x .
6s, o n r 'a y ,'9 8 . ..re.c.
6s, 3ar*oy,’ 9 7. .re x .
6s, o u r ’c y , '9 8 . . . ’-eft.
6 s, o n r 'o y ,’ 9 0 .. reg .
4s, ((;her.)1896.rt>x.
4 s, (C h e r.iI8 9 7 .re x .
■is, (Cher.) 1 8 9 8 .rex.
4 s, (C her.) 1 8 9 9 .rex .

Oct,
5.

Oct.
7.

Oct.
8. •

OoL

OH

9.

Oct.

10.

11.

CL-Mch. * 97 * 97 * 9 * 97
* 97
* 97
4 .-J a n . *111 % 112
*111U4* * 1 1 1 3 4 *11L% *111*1
Q .-.Ia n . *111% n i 2
*1114, * 1 1 1 % *111%
112
Q .-F e b . * 123
* 123
*12*
*123
*123
*123
Q - Feb. H 2 S
121
123
-1 2 !
*123
*123
q .- F e b . *116
116
•116
*116
*116
*116
t} . - Feb. *116
(161# *116 *L16
116h? *116
r. a j . *100
noo
*10 0
*10 0
^100 *100
. A J. - l o i q *L01<9 *10114 • lO liy * 10*2
*102
I*. A J. - i O i t j * 1 0 4 1 3 * 1 0 4 1S *104>3 * 1 0 m n o 4 q
f. A .T. -1 0 *
* 108 1*108 ,*108 *108
*108
J. & 5. -1 1 0 K 1 0 h u o
*110 *110
*110
M arch. *1 tOSi *100% •loin* 1*1004, *im)% *1003,
M a rch . *<004, *L0Oi% * t 0 0 h n ooit *1004t *100%
M arch. *100% •100% *100% *1004 *1003, noo%
M a rch . n o o ^ 1*100% * L0Q3j 1*100% •100 % 1*100 3l

* T h is is the p rice bid a t the m om lusr hoard, no safe w as m ade.

United States Sub-T reasury.—The follow ing table show s
receipts and payments at the Sub-Treasurv.
Date.

Receipt t.
*

Payments.
$

O ct, 5
M 7
“
8
«
9
** 10
** 11

•6,157,tO t
3 ,5 6 0 ,3 9 8
4,0 7 8,39 7
4 ,1 7 8,12 8
3 ,7 0 7 ,2 0 0
2 ,3 0 6 .9 8 0

3 ,5 5 3 ,2 9 7
3 ,2 8 8 ,5 9 9
5 ,0 5 4 ,1 1 2
2 ,0 5 9,41 4
4,0*27.320
3 ,3 3 7,24 1

Total

2 0 ,9 8 8 ,2 0 7

2 2 ,8 1 9 .9 3 3

Coins,— Following
coins;
S o v e re ig n *...... f i 8 5
N apoleon s .......... 3 8 5
X X Itelehm arks. 4 7 0
25 P e se ta * ...... 4 75
Span. D ou bloon s. 15 SO
M e t. D m iuloona. 15 5 0
F ine gold tia ra ....
par

Balance<
Coin.
$
9 1 ,3 0 1 .8 3 0
9 2 ,2 1 0 ,0 3 4
9 2 ,0 7 7 .2 0 2

99,921,407
92,5 30 ,2 2 1
9 2 ,1 4 .,40.)

Coin Oert’e. 1 Currency.
$
8 1 2 ,5 22
9 1 1 ,0 3 1
1 ,0 0 4 ,2 1 7
1 .1 3 8 ,7 1 2
1 ,3 8 8 ,6 2 6
1 ,2 6 5,00 7

are current quotations in
* * i 90
»
3 00
9 4 80
«* 4 82
!»15 75
9 15 75
» * 4 preiu.

;

$

1 0 6 ,2 7 6 ,4 4 4
1 0 5 .45 4 ,4 8 5
1 U .0 3 8 ,4 7 6
1 0 4 ,8 7 8 ,4 7 9
104 ,11 0 ,6 3 1
1 0 3 ,4 7 7 ,8 0 2

gold

for

Flats s ilv e r b a r s ... — 6S%<* — 0 fl>a
F ive fr a n c s . . . . . . . — SO *® — 9 5
M e x ica n d o lla r s ., - a d 's * — 55kt
Do uuuom ’ ntal.. — — a — —
P eru vian s o l s . . . . . — 4 9 is — 51
EnitHsU s ilv e r . . . 4 8 5 ® 4 92
U. 8. tra d e d o lla r s — 55 *9 — 75

M ate and R ailroad Bonds.—State bonds have been dull.
Sales at the Board include $9,000 Virginia fund, debt 2 3s o f
1061 at th> a to 63, $10,000 Virginia 6s defd. trust receipts,
stamped, at 6 ,, and $1,040 Alabama Class A at 109,
The railroad bond market has been dull and generally
steady. Various is-u<*s o f the Union Paoirto system have
been the prominent features o f the week, as a now plan
o f reorganization has been prepared w hich will soon
be announced. Kansas Pacific 1st con, rects..w h ich pos­
sibly have been abnormal!- depressed, selling at 62 within
the year, have gained over .1 points during the week.
Union Pacific lata of '06, '97 and '98 have been un­
usually active a n i are from 1 to 2 points higher than they
were last week, Texas & Pacific issues have been freely sold
and declined about l point. Oregon Impt. lets have declined
8 points, as the com pany ha* gone into a receiver's hands.
Other active tutu - a include the Atchisons, Ches, & Ohio,
Readings and W abash bond-, in which changes are unim­
portant.

R a ilroa d and M iscellaneous Stocks.—The stock market
has been dull and weak, The outside public are taking very1895.
1DijTeren'ifrmnj
1993
1994,
little interest in stocks at present and commission business is
O el. 5 .
j rrm , week. | Oft, €
OH. 7.
light. These conditions favor active manipulation o f the
speculative industrial shares, and professional traders have
9
*
O ttpH at. . . . . . . . . J 62,622,700^
taken advantage o f the opportunity thus affofded. Chicago
: 6 1 ,6 2 2 ,
ficurples, . , . . . . . . ■ 71,542,1001
7 1 .0 4 1 ,
C- <« has been t ie prominent feature of the week, and under
JLoao* 4k,
5 1 0 .2 0 2 ,7 0 0 D e c 1,174,006.
1.8TO various rumors about a reorganization and changes in the
CJtreointioO:
14.253,000. l o o . 151*000! 1 1 ,1 4 2 ,
0,000
K e t dmjpmm, ...J 5 4 0|O90 ,5 301D*u .9 ,0 3 7 ,0
5 ,9 0 0 controlling interest it has fluctuated between 6 3 ^ and 71,
[0 0 0 ,6 4 1,
Bp¥6l*. . . . . . ___ ■
D eo. ?3IL600! 92,21$,.
.’ ,700 closing at 6 8 }£ against 70 >4 last week.
t e Q d « n ....| mM'S'.StQQ] D ee.7 ,3 4 4 ,3 0 0 1 11 ,62 1 ,
5 ,0 0 0
Distilling has been active and relatively strong on the an­
h eld ..
1M ,4& 6#400 D«0k9,0 83,3 00 !2O0J836,
nouncement of the withdrawal o f litigation by parties who
JL*©g*i pmmtre. . . . ; 1 3 5 ,02 4 ,8 7 5 D e c .S ^ y /i d O j .I 4 t ,3 i 5 ,
have been active lu opposing the reorganization. American
Tobacco has been dull and close* 2 points lower than our last
S iir p lu i
r#' 1 6,471,525 jD «e*6,00 l»G50i1 5 9,4 60 ,
.* 8 ,0 2 8 ,7 2 5
quotations. American Sugar has been dull and steady.
United States Leather has been weak and the preferred
Foreign Exchange. - T h e market for foreign exchange has
bee n d
id
but with a firmer tone and higher dropped to SI}-# on Tuesday, but rallied on the announcement
quotations
Tiie demand b a a b .e n light and the o f a dividend of 2 per cent, since w hich it has been somewhat
unsteady and closes at 81. W estern Union has been strong
supply, chi,
•nercial b ills , is moderate.
l o - d a y a,
f exchange were as follows : Bankers’ on the favorable showing made by the annual report.
In the railroad list the grangers have been most prominent
sixty days
4 98,5$ (ft 97 ; demand, 1 87,'1 f t St*}* ;
and are generally fractionally lower. North West, has been
- cables, 4 *7
the strongest o f the group and sold up to 1 0 3 on W ednes­
Posted ra
ig banker*, are as follow.* :
day. Southwestern m ares have been weak and are lower,
in sympathy with the general market, and Southern Railway
m&bet- 11,
j. IMmano,
V
1
preferred has declined one point. Louisville & Nashville de­
mfu
P rim e hankers’ steril;
hills o n ;
4
88
-*t
i
»
‘
st
Ml ■-#4
clined on the announcement o f the Government crop report,
P r i»«« co m in 4 m .tl
76 # 4 66 *4
fins coal shares have been dull with very little stock being
mmm*a -r
m % -n 86* |
Reading has been a strong feature on the further
r
lit
Pskri* hankers* if ran*'
1.Si * 5 1 S % ® 5 177,0 offering.
A m sterd am isruihi**?-*I tj-jfcei
| 40*1**40*1
40* in # 4
advance i : Hi- price o f coal and expectation o f the new plan
35 .% M
0
¥ r a n k fo n m Bmm# %
:
Hi
o f reorganization in the near future.

THE

650

CHRONICLE.

[VOL. LX.I,

NEV? YOKE STOCK EXCHANGE—AOTIVB STOCKS fo r week ending OCTOBER I I , and »inoe JAN. I , 1895.
H T G H E 8T A N D L O W E S T P R IC E S .
S a tu rd a y ,
O ct. 5.

M onday,
O ct. 7.

214
21%
*32
33
*1
1%
624
624
62^4
*61
5 4 •„
544
113
113
* 1 8 % 1 9S ?
19%
19%
*163
86%
86%
50
50

21
21%
*32
33
*1
14
62%
624
*61
614
544
54 4
111% 113%
*184
194
194
1 93 0

76
127
101%
*147
77%
434
*121
45

76 4
127
1 "5
150
7 •*4
434*
122
45 4
97
*94
23 4
23%
65
*62
13 '4 1 3 3
167 % 167%
17%
*16
5 iOg 5 2
3
0
30
12*
*124
101% 101%
* 1 0 sj 1 1
* 3 ■% 3 5 4
244
244
*78
78%
151
*150
87
*85
20
*19%
6 2 3 0 6 2 70
10
-9 4
28%
284
111
111
102
*101
26
264
87
87
61%
614
17%
*174
374
374
37%
3 7 %
*23%
234
90
*70
102
1024
*15%
164
*68
75
*31
324
*11= 8 1 2 %

85
50
1014
75 %
127
10 4 4
*147
76
43
*121
444

T u esday,
O c t . 8.

20%
214
32
32
1
1
*62
63%
59%
59%
54 4
544
113
113%
18%
184
19 4
194
* 16 3
85%
86%
81%
50
1004 1004
102
76
7 5 %
76%
127
127
127
105
1 0 4 4 105
150
147
150
75%
764
78
43 4
43
434
*121
123
123
45
44 4
444

W ed n esday,
O ct. 9.

2 0 %
32 4
*L
*614
614
54%
1 1 2 -g
*18%
194
*163
85%
*19
*100
754
126 4
104%
*147
76 4
434

214
32%
1%
63
614
554
113
18%
19%

86
50
103
764
1264
105%
150
7 7 %
4330
1
2
3
*121
45%
4 4 %

T h u rsda y,
O ct. 10.

20%
*32
1
61
*60
544
112
19
194
*163
85%
"4 9
*100
75%
127
104%
*147
76%
434
121
45 4

214
33
1
62
6 O 70
5 4 %
112
19
194
86 .
50
103
76%
127
1054
150
7 73 0
4 3 %
121
454

2 0 Si

32
1%
62
60*i
544
1133*
*1 8 ^ 4 1 9
19
163
85*,
84%
50
*49
1
03
103
7 5 78 7 6 4
127
126
105
150
.4 7
7 6 7p
764
*43
434

112

1914

1053s

12114 121H
45
4514
24
*23
62
62
1323s 1 3 3 4
167
167
16 4
*16
52*i
*52M
30
*25
124
124

117
*114
117
*114
*114
*114
117
117
*114
117
24
24%
24%
24%
21
24
244
244
244
244
12%
12%
1
2
4
1
3
1
2
%
1
2
%
1
2
%
1
2
4
1
2
%
12%
3
8
%
38
38%
38%
39
38%
3 3 %
384
39%
38%
1
1
%
11%
1
1
4
1
1
4
1
1
4
1
1
4
n
%
1
1
3
0
u
%
11%
u %
*14
1 %
1%
1 %
1%
1%
1%
2
*14
40
40
*36
‘ 36
41
41
*37
*38
41
'3 7
*77
78%
*77
78%
*77
78%
78%
*77
78%
*77
1430 1 4 %
14%
15%
144
14%
14%
144
14%
144
7
6%
*6
6 4
6%
6%
*6
6 4
*6
6 4
9
9
*
9
9
%
9
9
9
9
9
9
22%
2 2 %
224
224
2 2 %
23%
22 %
224
23%
22%
1
5
3
0
1
5
1
5%
1
5
%
1
4
%
1
5
4
1
5
1
5
4
1
6
154
49
49
4 7 %
494
48%
48
4 8 34
48
49 %
48%
7
*
6
7
>6
*
6
7
*
6
7
6
6

117
114
2430
244

4-%
184
*23
* ............
5
204
*19%
*58
*30
*174
*117
*63
”7%
164
*32

4%
18%
28
104
5
214
20
60
31
18%
654
7 %
16%
33

23%
*224
72
*71
1 0 8 % '0 9 %
*1 01 % 102
97%
994
71%
704
1 4 4 4 145
23 4
234
38%
38%
344
34 4
92%
*92
5 4
5%
10
*6
314
30%
*
124
173
173
67%
67%
44%
43%
8%
164
*15%
844
*404
924

9
16
164
85
41%
9230

23
*224
224
71 %
71%
714
109% 108%
108
1 0 1 % 1 0 1 % 1 0 1%
95%
954
974
108
108 4
6
6%
7
L
68%
14 4 7« l 4 4 7s 1 4 4
22%
2
2 %
244
37
3 7 70 3 8 M
344
344
344
91%
9 1 70 9 2
5 4
5 4
54
*6
10
*6
30%
31
30%
*
124
171%
172
i7 2 4
67%
67%
*674
44 4
43
434
100
100
8 4
8%
8%
16%
16
164
15
154
154
84%
81%
834
404
404
40 4
92
92%
924

22%
214
224
23
1 224
*71%
74
7 i%
71%
71%
1104
1 0 9 % 1 O 8 70 1 0 9 7e 1 0 9
102
1014 1014
1 0 1 % *101
9730
98
974
96%
964
............ 1 0 9
109
68%
68%
65%
68%
69%
144%
1 4 4 4 145
14 i
144
2330
2 4 ’%
23%
244
234
38
37%
384
38 4
374
34
34
34
34
344
92
92
91%
91%
91%
5%
5 %
5 %
5%
5 4
*6
9
6%
6%
10
30%
30%
30%
30%
314
* ..
* ......... 1 2 5
124
1244
174
1 71 % 171%
173% "1 7 2
69%
6*<% 6 9
67%
68%
44
43
44
43
4 3 %
......
....
..
8%
8%
H%
8%
8%
16
15%
16
16%
154
1 5 7k
15%
144
154
154
83%
84%
814
84%
83%
403e
41
404
*40 4
40 4
93
92
924
924
924

T h e s e a r e b id a n d a s k e d ; n o s a le m a d e .

100
*1 0 4

101
11

36
35
* 2 3 i«
784
*77
1 4 9 78 1 4 9 7e
87
*85

24ie

*1930
61
*9

20
614
9 4
27^8

2730
110*i 111
100

1014
254
874
6 0 *4 6 0 4
174
36 ^
364
3 5 78
24
*23
80
80
101 1 0 1 ^
*15
164
75
*65
294
294
1 15 0
*244
55
*51
1854 1854
184
184
13
*124
35*i 3 5 4
3 7e
*34
*1 4
144
5
*4 *1
19
19
2
6
26
254

*36is
1714

3630

1130

11
54

2050
184
58

54
214

1830

58
32
174

‘ l7 * i
117
*60
*654
*7 3 0
7 78
16*4 1 7
31
31

124 1230

374
114

*14

*36
*77

144
7
9
214
15
474
*6

22

38
114

1 4
40
784
154
7
9
224

1530

474
7

22
10930

* 7 1 78 7 3 4
1084
1 0 1 4 102
974
964
1074 1074
6730
1444 1444
234
2 3 70
374
*34
344
92
*91
54
5 4
10
*64
304
304
1244
1 7 2 ” 172
69
694
434
424

6830

3730

"8 3 8
16 4

1330

81
404
924

t A H a s s e s s m e n ts p a id .

S a le s o l
th e
W eek,
S h a res.

R a n g e fo r y ea r 1895.
L o w e st.

H ig h e s t.

A c tiv e H R . S to c k * .
230 0 S ep t. 2 0
5 5 ,7 0 5
3 4 Jan. 30
T o p . A 8. F « , a ll iu s t a l.p d .
300
3 0 % S ep t. 1 6 3 6 4 S e p t. 3
D o . p r e f., w h e n is s u e d .
2
M ay 13
800
4 F eb. 27
A t l a n t i o A P a c i f i c ...........................
66*1 S ep t. 9
1 ,2 7 0
49
M a r. 8
B a l t i m o r e A O h i o ...........................
6 2 4 S ep t. 3 0
2
8
0
3
3
M
a
r
.
8
C a n a d i a n P a c i f i c ..............................
5 7 4 A u g . 29
1 ,6 3 3
48
Jan. 30
C a n a d a S o u t h e r n ...........................
1 ,8 7 c .
8 1 4 F e b . 18 1 1 6 4 S ep t. 4
C e n t r a l o f N e w J e r s e y ................
2 1 4 S ep t. 4
o
0
0
1 2 70 F e b .
6
C e n t r a l P a c i f i c ..................................
2 3 4 M a y 11
3 ,4 8 0
16
J an . 29
C h e s a p e a k e A O h i o .......................
1
60
J u ly
9
147
Jan.
9
C h i c a g o & A l t o n ..............................
9200 J u ly 2 9
7
6
~
,0
9
5
6
9
M
a
r
.
4
C h ic a g o B u r li n g t o n A Q u in o y
5
7
M
a
y
8
20o 4 9 4 O c t . 1
C h ic a g o & E a s te r n I llin o is .
90
J a m 31 1 0 6
S ep t.
23
Do
p r e f.
5 3 7s M a r . 9 7 8 70 S e p t .
C h i c a g o M ilw a u k e e A S t. P a u l 1 1 0 ,8 1 5
1
,4
6
6
1
1
4
*
i
M
a
r
.
2
9
1
3
0
S ep t. 5
Do
pref
1 0 6 Ob A u g . 2 9
1 0 ,2 5 b
8730 M a r.
C h i c a g o A N o r t h w e s t e r n .........
1
3
7
F
e
b
.
1
4
1
4
8
S
ep t. 2 4
Do
pref
8 4 3 0 A u g . 28
3 9 ,6 1 6
6 0 4 Jan*
C h ic a g o R o o k I s la n d A P a c ific
4 6.
A ug. 29
2
8
4
M
a
r
.
_
1
,
8
0
0
C h ic a g o S t, P a u l M in n . A O m ,
S e p t. 6
20 1 0 4 M a r . 3 0 1 2 3
Do
p r e f.
50
A ug. 28
6 ,7 8 5
3 5 4 F e b . 13
C le v e . C in o in . C h ic . A S t. L . ..
100 8 2 J a n . 1 0 9 7 A u g . 2 8
Do
p r e f.
350 1 6 J a n . 2 9 2 7 70 A p r . 1
C o l u m b u s H o o k i n g V a l. A T o l
„
6 9 * i M a r. 27
9
200 55
Jan.
Do
p r e f.
2,693 1 2 3 M a r . 9 1 3 4 70 S e p t . 4
D e l a w a r e A H u d s o n .............. ..
8 174
O ct.
1
1 ,6 8 1 1 5 5 * 1 M a r .
D e la w a r e L a o k a w a n n a A W e s t
1 0 4 J a n .* 2 9
1 7 % S ep t. 1 0
D e n v e r A R i o G r a n d e ................
i*400 3 2 4 J a n . 2 9 5 5 4 S e p t . 9
Do
p r e f.
M a y 11
100 3 0
F eb. 20 51
E v a n s v i l l e A T e r r e H a u t e ____
Ju n e 20
20 1 0 0
Jan. 28 134
G r e a t N o r t h e r n , p r e f ..................
1
0
6
S e p t. 4
8
1
4
J
a
n
.
4
558
I l l i n o i s C e n t r a l ................................
1 1 4 J u n e 13
530 J a n . 2 8
1 ,7 5 3
I o w a C e n t r a l .......................................
663 1 9 J a n . 3 1 3 8 S e p t . 3
Do
p r e f.
935 1 5 4 F e b . 1 1 2 8 J u l y 2 3
I a k e E r i e A W e s t e r n ..................
85
Ju n e 26
410
69
Jan . 28
Do
p r e f.
315 1 3 4 4 J a n . 2 1 5 3 4 J u l y 2 3
L a k e S h o r e A M ich , S o u th e rn
8
8
4
Jan.
5
8 3 % A p r. 19
L o n g I s l a n d .........................................
22
S ep t. 4
610
5
M a r. 25
L o n g I t -la u d T r a c . , a l l i n s . p d .
6
6
4
S
e
p
t
.
4
1 8 ,4 8 0
4 6 % M a r. 12
L o u i s v i l l e A N a s h v i l l e ................
1 0 4 M ay 24
836
6
M a r.
6
L o u is v .N e w A lb . A C h ic a g o .
2
9
7s
S
e
p
t
.
4
3 ,8 1 2
20
Jan.
4
Do
p r e f.
7
2 ,4 9 7 1 0 4
Jan.
2 , 1 9 70 M a y
M a n h a tta n E le v a te d , c o n s o l..
.0
3
J
u
n
e
1
8
450
9 1 % M a r. 4
M i o h i g a n C e n t r a l ............................
2 6 4 S e p t. 5
14
M a y 23
1 ,3 4 3
M i n n e a p o l i s A S t . L o u i s ...........
88
J a n e 19
32
79
M ay 23
Do
1 st p r e f.
62
S ep t. 5
7
5
0
3
9
%
M
a
y
2
3
Do
2 d p r e f.
1
9
Ju n e 26
2 ,0 2 6
1 2 4 Jan. 30
M i s s o u r i K a n s a s A T e x a s ____
41
S ep t. 9
8
,
7
5
6
2
1
%
J
a
n
.
2
9
Do
p r e f.
4 2 4 S ep t. 9
2 8 ,6 7 7
1 8 % M a r . 11
M i s s o u r i P a c i f i c .........................
2
7
M a y 31
2
2
5
1
3
%
M
a
r
.
2
0
M o b i l e A O h i o ..... ..............................
8 1 4 G et.
9
200
64
Jan . 29
N a s h v . C h a t t a n o o g a A S t .L o u I e
L 0 4 5g A u g . 2 8
9
5
5
9
2
4
M
a
r
.
1
5
N ew Y o rk C e n tra l A H u d so n .
1 8 4 M ay 13
11% Feb. 20
N e w Y o r k C h io a g o A S t. L o u is
73
A ug. 26
65
A p r. 23
Do
1 st p r e f.
3 4 4 M ay 17
400
24
F e b . 21
Do
2 d p r e f.
1530 M a y 1 1
7
4
M
a
r
.
9
2
,
0
4
8
N. Y . L. E . A W ’n , ls t in s ’tp d .
3 2 70 J u n e 1 5
16
F eb. 26
Do
p r e f., l s t i u s ’ t p d .
65 4 A u g. 15
29
J an . 29
65
N . Y . A N . E . , t r . r e o s .a U i n s . p d
J u n e 18
352 176
S e p t . 2 3 Jl*<
N e w Y o r k N e w H a v e n A H a rt.
1 9 4 M a y 11
1
9
,
2
5
2
1
5
3
8
J
a
n
.
3
N e w Y o r k O n t a r io A W e ste r n
1 4 4 Jan. 21
1 ,0 0 0
6% June 7
N e w Y o r k S u s q . A W e s t ., n e w .
4 3 4 J an . 18
21
J u n e 10
2 ,0 5 7
Do
pref
6 4 M ay 13
285
2
M a r. b
N o r f o l k A W e s t e r n ....................... .
193g J a n . 1 8
9
<4
M
a
r
.
4
Do
pref
8 4 M a y 13
2 % J an. 28
760
N o r t h e r n P a o i f l o ............................
27
M a y 11
13
F eb. 27
3 ,3 9 8
Do
p r e f.
32
J u n e 11
17
A p r.
5
425
O r e g o n R ’ y A N a v ig a tio n C o .
1
1
4
A u g. 29
1
5
0
3
%
J
a
n
.
2
9
O r e g o n S h . L in e A U ta h N o r th
7 4 S e p t. 7
3
F eb.
4
130
P e o ria D e c a tu r A E v a n s v ille .
220&
y ep t. 4
7 4 M a r. 4
P h i l a d e l p h i a A R e a d i n g . . . , __ 7 8 , 6 1 0
2 2 4 M a y 13
15
J a n . 12
675
P i t t s b u r g C l i m . O h io . A S t . L .
6
0
4
S e p t. 23
4 3 4 Jan. 30
200
Do
p r e f.
3 4 4 S e p t. 5
100
28
A p r. 17
P itts b u r g A W e s te r n , p r e f . . .
1
9
70
J
u n e 17
15
A p r. 16
100
R i o G r a n d e W e s t e r n .....................
S e p t. 13
112% M ay
4 L 18
R o m e W a tertow n A O gd en sb .
6
8
J
une 6
3 5 4 F eb. 15
100
S t. L o u is A l t . A T e r r e H a u t e .
9 4 S ep t. 3
4 4 Jan. 25
725
S t. L o u i s S o u t h w e s t e r n . . . .
1
9
70
S
ep t. 9
8 4 Jan . 29
3 ,1 2 5
Do
p r e f.
3 5 4 S e p t. 5
300
18
F eb.
5
S t . P a u l A D u l u t h ............................
^
95
M a y 11
90
F eb.
4
Do
p r e f.
104
M a r.
8 1 1 6 4 M a y 15
S t. P a u l M in n . A M a n i t o b a
2638 A u g .
1
2 ,3 5 0
1 6 % A p r . 1 7“
S o u th e rn P a c ific C o . . . . . . . .
1 4 7g M a y 1 0
8 4 Jan . 29
3 ,9 5 6
S o u th e r n v o t in g t r u s t, o e r t i f .
4 4 4 J u ly
9
2 9% Jan . 29
7 ,3 6 3
D o ., p r e f . v o t i n g tr u s t , c e r t
143g S e p t. 3
8 4 Jan . 30
5 ,6 7 5
T e x a s A P a o it io ... . . . . . . . . . . . .
4 4 M ay 14
% F e b . 14
100
T o le d o A n n A r b o r A N . M ic h .
4
9
J u n e 14
3
6
O
e
t
.
2
T o l e d o A O h i o C e n t r a l . . . ..........
81
M a r. 21
73
J a n . 14
Do
p r e f.
1
7
4
M a y 11
7
%
M
a
r
.
1
4
1
1
,
4
0
0
U n i o n P a o i f l o ....................................
8 <4 S e p t . 4
1 ,9 8 6
U n io n P a o iflo D e n v e r A G u lf
1 0 4 S ep t. 3
530 M a r.
6
1,190
W a b a s h ................................................. .
12,225 1 2 4 J a n . 2 9 2 6 4 S e p t . 3
Do
pref
1 8 4 J u n e 27
8
4
F
e
b
.
2
8
24,440
W h e e l i n g A L a k e E r i e ...............
630 3 5 F e b . 2 5
Do
p r e f.
7 4 Sept
3
2
4
M
a
r
.
1
25
W is e . C e n . C o .,v o t i n g t r . o t f s .
W ie c e ila n e o n s S t o c k s .
3
0
4
M
a
y
1
3
720 1 8 4 F e b . 1 3
A m e r i c a n C o t t o n O i l C o ............
757 6 2 F e b . 1 8 7 9 78 M a y 1 3
Do
p r e f.
83,276 8 6 4 J a n . 3 1 2 1 3 8 J u n e 1 3
A m e r ic a n S u g a r R e fin in g C o .
1,048 9 0 4 J a n . 8 1 0 7 A u g . 1
Do
p r e f.
79,390 8 4 4 F e b . 2 1 1 1 7 M a y 2 7
A m e r i c a n T o b a c c o C o ................
A u g . 28
122 1 0 3 4 F eb . 27 1 1 6
Do
pref
7 8 4 J a n . 11
C h i o a g o G a s C o . , t r u s t r e o ’ t s . . 190 580 4 9 7e J u l y 1 6
1,058 1 2 6 J a n . 2 9 1 4 9 J u n e 8
C o n s o lid a te d G a s C o m p a n y
42,110 1 3 4 M a r . 2 0 2 5 4 S e p t . 3 0
D ie . A C . F . C o . , t r . c t f . a l l i n s . p d
Sept
9
12,408 2 5 70 M a r . 4 4 1
G e n e r a l E l e c t r i c C o .......................
803 2 6 4 F e b . 1 6 3 8 J a n . 1 8
N a t i o n a l L e a d C o ............................
1.024 7 8 4 J a n . 2 8 9 4 4 A u g . 2 0
Do
p r e f.
7
M ay 13
2% Jan. 30
1,130
N o r t h A m e r i c a n C o .......................
5
O ct.
1 1 4 4 M ay 24
100
O r e g o n I m p r o v e m e n t C o .........
3 4 4 S e p t. 18
20
Jan. 26
4 .0 2 5
P a c i f i c M a i l .........................................
M ay 10
9 5 4 Jan.
4 181
P i p e L i n e C e r t i f i c a t e s ................
Jan.
2 1 7 8 4 J u n e 17
556 154
P u llm a n P a la c e C a r C o m p a n y
6
9
4
O ct
9
8
0
J
a
n
.
1
0
3
6
6
,
0
>0
S ilv e r B u llio n C e r t ific a t e s —
46*8 S e p t. 1 0
1 3 4 Jan . 29
3 6 .9 4 0
T e n n e s s e e C o a l A I r o n — .........
1
0
2
4
S
e
p
t
.
9
7
4
A
p
r
.
1
7
200
Do
P ref
9
O ct
5
70 J u l y
9
8 ,2 7 0
U .S .O o r f i.C o .,tr .r e c . a ll in s .p d .
17
O ct
5
1 4 J u ly 2 5
1 ,5 6 0
P r e f ., t r . r e c . a l l in s . p d .
2 4 4 M ay
3
7
F eb. 27
12 105
U n i t e d S t a t e s L e a t h e r C o -----9
7
4
M
a
y
2
7
5
8
F
e
b
.
2
7
1
6
,
5
1
1
Do
p r e f.
48
June 3
1 .2 6 4
3 7 4 J u n e 28
U n i t e d S t a t e s R u b b e r C o .........
9530 S e p t. 3
86
Jan. 29
5 ,0 8 8
W e s te r n U n io n T e le g r a p h —

21ie A t .

32
1 4
*60
*59%
544

*23%
24
254
24
244
'2 3
24
-2 3 4
64
65
*62
*62
64
65
64
*62
132
132
132
132
1 3 1 4 132
1 3 1 4 132
*
1
6
9
1
7
1
1 6 )% 170%
169
169
169
1694
16%
*16
*15%
164
*16
17
*16%
17%
52%
52%
*52
51%
5 2 70 5 3
52%
52 4
*
30
*25
30
*25
39
*23
25
*124
128
*124
128
124
128
128
*124
100
100
102
10 3
1 0 1 4 1 0 1 4 ‘ 100% 101%
10 4
1O »0
10
10
10
104
10
104
36
*
3
4
3
3
%
3
5
4
3
4
3
4
3
5
4
*344
24
23%
23%
23%
23%
23%
234
23%
78
774
*77
774
*77
78
' 8
78 4
1 4 9 70 1 4 9 70 1 5 0 4 1 5 0 4
151
1 4 9 7o 1 5 1
*150
*85
87
874
*85
*85
87
*8 5
87
19%
19%
194
19 4
194
194
194
194
60%
6230 6 3
624
62
62
624
62%
8%
9 %
8%
9 %
94
10
9%
*94
2730 2 7 %
27%
27%
26%
2 7 >2 2 8 4
274
111
111
1114 1114
i n
1114 1104 ’ ll
*
* 1 0 0 4 102
101
101
102
* 1 0 0 4 102
25%
25%
25%
25
25%
25»8
25%
254
8
6
*86%
87%
8
6
*86
874
87
"8 6 4
60%
604
60 4
60%
60%
60%
604
604
1 73 0
17
17%
17%
17%
17%
17 4
174
374
36%
374
36%
364
364
364
374
3
7
3
74
H5%
364
35 %
354
37 4
364
24
24
*23
*234
22 4
234
234
234
*
7
0
9
0
90
814
*70
*70
90
814
1 0 1 4 102
* 1 0 1 4 102
101
102
1 0 2 4 102 4
*15
164
164
*154
164
*154
*154
164
*65
75
75
‘ 68
*68
75
*68
75
*
29
30%
30
30
32
*30%
*304
324
11%
11%
114
12
12%
114
n %
n %
*24
55
55
51
51
*51
56
56
56
185
185% 185%
185
18 7
187
186
186%
i 8%
18%
18 4
184
19
18%
181
18%
>2%
12%
12%
12%
12%
12%
*12%
13
3
6 4
3
6
3
6
%
3
6
4
3
6
3
6
364
35 %
3%
3 %
*3 4
3 %
3 78
3 %
*3%
3%
*14
14%
144
15
*14%
*14
1430 *14
4 %
4 %
*4%
5
5
5
5
4%
1830 1 8 %
18%
18%
19
18%
184
184
*23
2*3
28
23
28
*23
25
26
*
*
11
10 4
9 4
104
*5
*5
54
5 4
*5
*5
54
5 4
2
1
3
0
2
0
%
2
1%
2
0
%
2
1
»
0
2
0
%
2 1 %
204
*184
194
*18%
194
19
19
194
194
6
0
6
0
*
5
8
*
5
8
6
0
60
*58
*58
*
* .........
32
32
*28
31
30
*30
19
19
*17%
‘ 17%
19
* 17%
19
*174
*117
*117
*117
*117
*60
65
x6 0
654
*60
66
63
63
*7 3 0
8
7%
7%
7%
*74
7%
7 %
1
7
1
7
%
17
174
16%
17
17%
164
32
31%
31%
*31
32
32
32
*31

56
*51
*186
183
1 83 0
18%
13
13
36
36%
3 %
3%

STOCKS.

F rid a y ,
O ct. 11.

8 4
1 6 1*
144
82
404
924

II L o w e s t is e x d i v i d e n d .

5470july 2

THE CHRONICLE.

October 12, 1886.)

651
^Indicates actual sates, J

•tiv i OKK ST > *v Bk.1 H O ^ S P K u lK S fu a u n u e a )—INACTIVE STOCK*.
Get. 1 1 .

i h a c t t v e St o c k s
f I n d ic a t e s u n lis te d .

Railroad Stock*.

P re fe r re d .
B u r l. C e d a r I
C le v e la n d A

F lin t A P e r e M a r q u e t t e ,.
P r e f e r r e d ........................... .

I l l i n o i s A n t r a l l e a s e d » ic
I n d ia n a I llin o is A I o w a
K*Udk*nx<% A d i c h l g a u . . .

P r e fe r r e d ..

i/Lirrt* fc Essex------

N ew J e rse y A X . Y . .

P*K»ria .st eastern ....... .

R^isseljaer k Saratoga.

A sk.

B id

.1 0 0 1 7 5
lr to
8
.LOO 1 3 - 4
.1 0 0 : 1 0 3 %
.1 0 0
20
100
100
50
55
.1 0 0
165
50
lo o
6
100
45
100 t
6
11
100
100 .....
100 ....
100 :
v
100
*
S>s
100
100
100 : 1 9 *
?_%,
H><
lo o
4 »«
lo o
171,
100
*
106
50
50
100
IO O ; 1 3 *
100
IV
5 0 :1 6 7 V
100
....
104.
100
100
?u
7
100
.1 0 0
9
180
100
41
lo o
.1**0
10

R a n g e ( s a le s ) i n 1 8 9 5 .
L ow es L

........... 1 7 0
J u ly
10
4 * M a r.

170
12

J u ly
M ay

........... 1 0 1 * A p r .
22
19
J u ly
23
19
A p r.
60
58
Jan.
_____i 4 5
M ay
............1 4 0
A p r.
9
5 * F eb.
55
3o
Jan.
. . . . i 2 >9 M a r .
14
j
5 % M a r.
....
9
A p r.
34
A p r.
............
% F eb.
*
\ S ep t.
3 *
1 * M a r.
.......... 8 6
M av....
1 7 * J u ly
9
8 * F eb.
5
3
Jan.
.........
13*s M a r.
4
l
Aug.
.......... 1

105
2 IV*
24
60
54
167
11
55
9
16%
2 1
50
2
4 *
3*&
90
24
10
6
17*3
1

J u ly
Aug.
M ay
A p r.
S en t.
S ep t.
J une
J >oe
June
June
S ep t.
8 e p tM ay
M av
S ep t.
J u ly
M ay
A p r.
M ay
J u ly
A p r.

...
8
M a r.
2%
1* A p r.
......... 1 5 6
F eb.
..... j
....

14 % S e p t.
4
M ay
169*3 O ot

....

118
7o
19*
10*
183
46%
10

1 1 4 * F eb
58
M a r.
15
4
June
10
3
Jau.
_____ 1 7 a
J u ly
43
30
M a r.
... *
6
June
80

• H o p r i c e F r i d a y ; l a t e s t p u c e UaU w e e k .

F eb.
Aug.
M ay
Aug.
Apr
M *y
S ep t.

OcL 1 1 .

In a c t iv e St o c k s .

B id .

U I n d ic a t e s u n lis te d .

H ig h est.

R a n g e (s a le s ) m 1 8 9 5 .

A sk,

L o w e s t.

Y lls c e lla n e o u s S t o c k s .
140
A d a m s E x p r e s s ..................................... 1 0 0 1 5 0 ^ 1 5 5
35?
42
A m e r i c a n B a n k N o t e C o I f ..........
37
116
A m e r i c a n E x p r e s s ..............................1 0 0 ; 1 1 5
109
94
A m e r . T e l e g r a p h & C a b l e ............1 0 0
89
B a y S t a t e G a s IT .............
50
13
B r u n s w i c k C o m p a n y . . ....................1 0 0
%
c h i c . J u n o . R v. & S hook Y a r d s .1 0 0
89
4
C o lo ra d o C oa l & I r o n D e v e l ...l 0 0
6 *
37
23*
C o l o r a d o F u e l & I r o n ......................1 0 0
50
P r e f e r r e d ............................................ 1 0 0 i 9 8
4
2*
C o l u m b u s A H o c k i n g C o a l _____ 1 0 0
145
C o m m e r c i a l C a b l e ...............................1 0 0 1 5 0
32
C o n s o l . C o a l o f M a r y l a n d ............1 0 0
35*
28%
28*
D e t r o i t G a s .............................................. 5 0
94*
E d i s o n E l e c . H I. o f N Y
......1 0 0
101
E d i s o n E l e c . III. o f B r o o k l y n . . 1 0 0
110
106
E r ie r e l e g r a p u A T e l e p h o n e . . 1 0 0
4 5*
I l l i n o i s S t e e l ......... . ...............................1 0 0
80*
70
I n t e r i o r C o n d u i t A I n s __________ 1 0 0
30*
L a c l e d e G a s .................
100
28
28*
23
100
P r e f e r r e d .............. ...............
85
87
81
L e h i g h A W i l k e s b a r r e C o a l I I ............
20
M a r y l a n d C o a l , p r e f ...........................1 0 0
50
60
50
M ic h ig a n -P e n in s u la r C a r C o . . . 1 00
P re fe r re d ......................................... 1 0 0
52
M i n n e s o t a L r o n ..................................... 1 0 0 J 6 9 %
70*
39
25
N a t i o n a l L i n s e e d O i l C o ................. 1 0 0
23*
17%
N a t i o n a l S t a r c h M f g . C o ................ 1 0 0
8
9
5
N e w C e n t r a l C o a l ................................. 1 0 0
6
9
6
O n t a r i o S i l v e r M i n i n g ......................1 0 0
9
10*
8*
P e n n s y l v a n i a C o a l ............................. 5 0 3 0 0
310
P o s t a l T e l e g r a p h — C a b l e TI. . 1 0 0
81
69
84
Q u i c k s i l v e r M i n i n g ............................ 1 0 0
3 *
3
2
P r e f e r r e d ................................................1 0 0
12%
1 6 * ' 18
9
| 10
T e x a s P a c i f i c L a n d T r u s t ............1 0 0
7
3%
U . S C o r d a g e , g u a r ., tr . c e n t s .H O i . 3 2
32%
0 . 8 . E x p r e s s .............................. . . . . . 1 0 0 ; 4 5 % ’ ...........
36
n
i
3g
U . 8 . R u b b e r p r e f e r r e d . . . ......... 1 0 0 1
94
I 95
W e i l s . F a r v o k x »| w w ..................... 1 0 0 M O O
103
ilO O

: 22*
1 1*4
51*

38

“98%
io*»%
: 66*
l 80

Jan
M ay
F eb.
M a r.
M a r.
M a r.
F eb.
M a r.
M a r.
F ob.
Jan.
M ay
A p r.
M ay
M a r.
Aug.
F eb.
J u ly
F eb.
J u ly
M a r.
Jan.
Jan.

H ig h e s t
150*
43
1 19*
100
25
4%
106
11*
41*
100
9 *
164%
34
31
102%
112%
67

Aug.
S e p t.
M ay
Aug.
June
M ay
J u ly
J u n cl
S e p t.
S ep t.
June
S en t.
Aug.
A ug.
June
Jan.
O ct.
82
O ot.
4 1 * M a r.
3 3 * June
92
M ay
20
Jan.
50
Jan.

Jan.
61% A ug.
F eb.
72
O ct.
Jan.
3 1* J u n e
Jan.
12
M ay
Jan.
9
June
M a r.
1 0 * Aug.
Jan. 340
J u ly
Apr
69
A p r.
Jan.
4 * M ay
Jan.
20
A p r.
M a r.
12% M ay
J u ly
3 8 * S ep t.
M av
50
S ep t.
June
9 8 * June
O ct.
1 1 5 * 8ept

t A c t u a l s a le s .

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS OCTOBER I I .
8 E G H R IT L E 8 .

B id .

A l a b a m a —C l a a a A , 4 t o 5 ...........1 9 9 6 1 0 9
C i a a s B , 5 a ....... ..............
UttK> l o o
C law *
4 s . . . . . ............................... 1 9 0 6 ! 9 9
U o
C u m m e r f u n d i n g 4 * .............. . 1 9 2 0
A r k a n s a s — 6m, f a n d . H o L 1 8 9 9 - 1 9 0 0
d o . N u n -H o i fo r d
7 a A .rg a u o*** C e n t r a l 8 R . .
L i u l e t A D * — 7 s , c o c a ................
.* 3 1 4
s t a m p e d 4 » . . ................................ .
W
ootw rt* 4 « . . . . . . . . . . . . . 1 9 1 4

SECURITIES.

A S*.
I ll
io 3

......

Con#oItd*t*'d t * . . . .V.V.V.V.. 1910 1 1 0 2 ’
6 a ................................... ..
. 1 9 1 9 ' 122
m th ' ( i r t i i t n » - 4 H*,' « w 6 ' 19 3 3 10 5
1
8 6 V 1 t>*.n o n - f u n d ................... ...,. 1 8 8 8 1

New f o r t C ltj Hank Statement for the week ending
October 5 1805. IVe omit two cipher* (00) in all case*
B a .v k h .
lOO« o m it t e d .)

L oa ns.

C m f i i k m U l . . . ...........
....................
O n en ta i
f m p o r t a i * '* 1 r*< i«re
iu .t

t a . - r ............

O m t r a 4 Eatlonw al___
S o c o n l N a t io n a l
F irs* N a t i o n a l . . . . . .
T h ir d N a t i o n a l . _____
N . Y N a t. E a e b a a g e
B< w a r y . . . . . . . . . . . . . .
N e w Y o r k ' b a n l f ..
G e r m a n a m a n «5 a o ..
N ar t o n a l..........
F ift h A v e n u e .
.
G « r m m R %0 h a a # * . ,
G e r -a a e t a
____
tT n itotl 8 t a « o ..........
LlOC ’ li.........
..........
G u r t fe id .............. . . . . .
FM th N aetonax . . .
B a n k « f t h e Metrnrp
W « l 8 id a . . . .
S « a b » » f 4 ___ _ . . . . . .
S l t t h N a t i o n a l..........
W e » t e r n N a U o n a i ..
F ir s t N a t, B r 'k l y n .,
S o o t i o f a N a t io n a l..
N a t . U n io n B a n k . . . .
L ib e r t v N a t. R e c k .
N . Y . Pro*!. K x c h 'g e .
* o ta ».

8 3 3 .2
7 5 0 ,0
1 .0 0 0 .0
1 ,0 0 0 .0 1,206,01
1 ,0 0 0 ,0
1 9 8 ,1 1
31*0.0
4 i3 ,i;
1 ,9 0 6 ,6 ; 5 ,4 7 0 .1 ;
2 ,0 0 0 ,0 3 0 9 5 . 9 !
130.2|
2 6 0 ,0
2 ,2 0 0 .0 1 .9 0 3 .0
2,0*'<*.0
490,71
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t liM c r U it n e o u * H o o d * * i
B o s t o n U n . U M t r .c e r ta .,
C h . J u u . A S , Y d s . —C o l .t . g . ,6 s
C o l. C . A I . L e v e l , g n . 5 * . . . .
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1st < :on*ol., g o l d . 5 s ..................
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I ll in o i s S t e e l d e b . 5 s . ............
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M e t r o p o l. T e l. A T e L 1 s t 6s
M i c h . P e n ln C a r 1 s t 5 s . .
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N V . A N . J T e ie p . g e n . 5 « . . 1 0 9 % * .
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W e s t e r n U n io n T e t o g . —
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A n n A r b o r , 1 s t 4 «, w h e n is a 'd
C om stock T u n n el

N o t * . —" 6 ” in d i c a t e s p n o e b i d ; " a '* p r i c e asked.

Batik Stork L ist—Latent prices this week.
b a n k s

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B id .

V m e r lc a ..... 230
t in . K x c h . . . i 8 i
B o w e r y * ........
B roadw ay . .
B a tch s’A D r . . . . .
C e n tia l . . . . .
C h a s e . . . ........
C h a t h a m ........ 8 4 0
C h e m ic a l . . .
C ity ........ . . . . . . .

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240
100
1 20

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C o n t in e n t a l
C o m K x c h ,.
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F i r s t . . ............
F ir s t N ., H. I .
1 4 th s t r e e t . .
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199"
1 28
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170
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310
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135

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133

130

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1 15
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....

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652

BOSTON, PHILADELPHIA
S lm r c

Active Stocks.
If I a d i c a t e s u n l i s t e d .

A t o h . T . & 8 . F e § ( B o s t o n ). 1 0 0
A tla n tic & P ao.
“
100
B a l t i m o r e & O h io ( 2 t a /f .) .1 0 0
B a lt . C ity P a s s’ g e i
“
25
B a lt im o r e T r a c t io n “
25
B a l t i m o r e T r a o ’ n 1 l ( P / u 7 .) . 2 5
B o s t o u & A l b a n y {B o s to n ). 1 0 0
B o s to n & L o w e ll
44
100
B o s t o n & M a in e
44
100
C e n tr a l o f M ass.
“
100
P r e fe r r e d
“
100
C h ic . B u r . & Q u in .
44
100
O n i c . M i l. & 8 t P . ( P / u L ) . 1 0 0
C k o O . & G .v o t .t .o .
“
50
O i t . 8 t R y . o f In d T I
100
E le c t r ic T r a c t i’ n
44
50
F it c h b u r g p r e f.. (B o s t o n ;. 1 0 0
L e h ig h V a ll e y .. ( P h ila .). 5 0
M a i n e C e n t r a l ( B o s t o n ). 1 0 0
M e t r o p o l ’ n T ra c.1 * ( P h i l ) . 1 0 0
M e x i c a n C e n t ’ l (B o s t o n ) . 1 0 0
N . Y .« f c N .E .,t r .r e c .§
••
100
P r e f e r ! e d , t r . r e c . § 44
100
N o r t h e r n C e n t r a l ( B a l t .) . 5 0
N o r t h e r i P a c i f i c (P h i la .) lQ O
P r e fe r r e d
100
O l d C o l o n y ......... ( B o s t o n ) 1 0 0
P e n n s y lv a n ia . ..( P h i l a .) . 5 0
P e o p le ’sT ra ctio n
“
50
P h ila . & H e a d in g .
44
50
P h ila d e lp li T r a c .
“
50
U n io n P a c if l o ... (B o s t o n ;. 1 0 0
U I i» c e lla iie o u » S t o c k s .
A m . S u g ’ r K o f i n .i l ( B o s t o n ) -----P r e f e r r e d ......... .
44
B e ll T e le p h o n e ..
44
100
B o a t . <fe M o n t a n a .
44
25
.B u t t e & B o s t o n ..
44
25
C a lu m e t & H e c la
44
25
C a n t o n C o .............. ( B a l l . ) . 1 0 0
C o n s o lid a t e d G a s
44
100
E l e c . S t o r . B a t ’ y f l ( P h i l a .) . 1 0 0
P re fe r r e d U
44
100
E r ie T e le p h o n e .(B o s t o n ;. 1 0 0
G e n e r a l E le c tr io .
44
100
P r e f e r r e d ______
44
100
L a rn so n S toreS er.
44
50
L e h i ’ h C o a l & N a v . ( P h i l a .) 5 0
N . E . T e le p h o n e (B o s t o n ;. 1 0 0
U n i t ’ d G a s l in p .l M P h i la .) . 5 0
W e l s b a c h L i g h t 1i
44
5
W e s t E n d L a n d ..( B o s t o ? i; . .
$ A ll in s t a lm e n t s p a id .

S a tu rd a y ,
O ct. 5.
2 1 %
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2 1 7e

64%
19
19

19
‘ 18%

210

210

206
175
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8 6 %

8 6 %
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15*4

76%
15*4
75

75*4
94
42*4

4 1 7s

101% 101%
12%
12%
______

102

4%
4%
18%
*18%
1 77 n 1 7 7 is
55%
55%
68
68%
X.&R
1 0 »1 6
85%
85
*13
13S
108%
101*4
200
81%
18%
315
69%
63%

109%
102
200
865s
L8%
315
69%
63%
67
6513
70%
69%
62%
62

69%
70
*21
22
4 8 = s 48=fe
*89
83
83%
91%
88
2 %
2%
* H id a n a

inactive Stocks.

|

Bid.

M onday,
O ot. 7 .

A u .T o p .A B .F .1 0 0 -y r .4 g .,1 9 8 9 , J & J
2 d 2 % - 4 s , g ., C la s s A . . 1 9 8 9 , A A O
B o s t o n U n i t e d G a s 1 s t 5 s ....................

AN1) BALTIMORE STOCK EXCHANGES.

2 1 %

W edn esday,
O t. 9 .
21

T h u rsd a y,
O ct. 1 0 .

2 '.%

2 0 7s

2 1 %

62%
62% * ....
63%
61%
62=s 6 3
*76
77
76
76
76
76
76
*18%
18%
18%
1 8 7s ♦ i s =8 1 8 %
18%
18%
18%
18%
18%
18%
181,
*16%
* ______ 2 1 0
209
2 0 7 % 2 ‘8
208
209
*2 " 6
207
*206S
207
*206
175
175
175
175
175
175
*175
*13
*13
13%
-1 3
*
56
55
*u5
56
56
85%
85
8 4 7e 8 5 %
8 5 7a
8 6 %
85%
75%
7 5 %
75=8 7 6
76%
76%
7 5 7e
1
5
%
1
5
%
1
5
%
1
5
%
1
5=
8
15%
15=s
54
55%
*53
54%
56
76%
75
75%
76
76*4
75%
76%
91
91
93
91
91
91
91
41%
41%
41%
42
41%
41%
41= 8
*134
137
135
13 )
101
100% 100%
1 0 0 % 1 0 0 % 100
101
12%
12%
12%
12%
1 2 7s 1 330
13
____
*
53
53
*
1 0 2 % * ......... .. 1 0 2
102
102% *
70
70
* 6 >% 7 0 %
4 7g
5
4 %
4%
5
4 7s
4 78
1 « 3 4 ‘ 18= 8 1 9
18%
*-1338
18%
*18*4
177
1 7 7 >s 1 7 7 ai 1 7 7
177% 177% 177
5 5 7q
55%
55 % 55%
55=8
5 5 = 8 5 5 7s
69
68%
6 9= 8
68%
6 7 7e 6 8 %
68 4
1 0 i 161 0 i = m
10=1(1 1 0 %
1 0 7 , « LO' ‘ in
10%
85%
8 5= 8 85=8
85
85=8
85=s 8 5 %
14%
*14
*14
14%
11%
14s
*14%

61%
76
18%
1 H%
209

109%
1 0 8 % 109=8 1 0 9 %
1 01 % 102
101%
102
200
199% 200
199 \
84
82
85
82%
18
17%
18
17%
315
317
317
316%
70
*69
70
64
64%
64
64%
66%
66%
6 6 7s
66%
70
6
9
%
69%
69%
62
63%
63 s
61
3734
3 1 %
37%
37=8
69
68%
*68
68%
*
22
22
21 %
*48
49
48%
48 s
48%
4
90
90
90
90
82%
81%
82
82%
81%
92
89
91%
91%
90
*2%
2%
* 2 *4
2%
2 %
a s k e d p r ic e s ; i o s a le w ap m a d e .
103
101%
199%
83
17%
315
*69
64
65
63
61%
38
69
*

Inactive stocks.

A sk.

1 0 9 78
101s
199%
8 1
18
317
70
64%
67%
70
66
37=8

69
22
48%
90
83
91%
2 %

S a le s
F rid a y ,
O ct. 1 1 .
2 0 \
* 114

21%
1%

60%
60%
75%
75 S
13%
18%
l s =8 1 =8
209
209
207
*206
*175
176
13%
*13
56
53
• 56
84%
86
85%
76%
7 5 7s 7 6 %
1
5%
15%
15*8
56
55%
7
6
%
II6 1
76*4
92
91 % *91
4
2
4 l 78
41=8
*135
138
101
1 0 0 % * LUO
13%
13= 8
13%
55
63
*51
102% 102%
102
*69
7 t
•4 %
5
4 7e
18%
•'18*4 1 8 %
177
177
177
5 5 %
56
5 5 %
115 6 %
69%
69
10%
||74
87
85%
'1 4 %
15
15

R a n g e o f s a le s in 1 8 9 5 .

W eek,
S h a res.
3 6 ,7 4 1
40
128
216
720
610
71
1

113
105
1 4 ,7 9 3
1 5 ,8 0 0
1 ,8 7 0
1 ,0 0 0
2 ,8 9 8
221
1 ,1 ,2
8
823
1 3 ,5 2 0
10
5
50
1 ,0 8 9
25
12 L
1 ,2 2 0

1 0 ,5 3 8
1 7 ,6 0 6
9 ,4 9 3
154

L ow est.
35g
*50
49%
69 %
14%
1 4^ 4
£06%
196%
160
5
48
69%
54
11%

Jan.
Jan.
M a r.
M a r.
Jan.
Jan.
M a r.
Jan.
Jan.
A p r.
Feb.
M a r.
M a r.
M ay
34*4 F eb.
61
O ct.
82% Jan .
27*4 M a r.
125 4 Jan .
81
A p r.
5 \ Jan.
29
Jan.
59*« F eb.
64
Jan.
2*4 J a n ,
13
Feb.
176*4 J u n e
48% Jan.
4 3 *4 J a n .
3 '3 1 6 M a r .
|74
O ct.
8
M a r.

H ig h e s t.
30
2 3 % S ep t. 2
23
2
M ay 13
8
66*4 S e p t. 9
11
7 6*s S ep t. 2 8
2 1 % June 17
28
30
21*4 J u n e 1 7
J u ly 10
13 2 1 3
2 207
O ct.
3
2 180
8 ep t. 9
13
16
M a y 13
28
60*4 M a y 1 4
4
92% Aug. 28
9 7 s% S ep t. 3
1 7 % S e p t. 4
11
2
5 7 7s A u g . 2 2
87
Jan.
3
11
98
A ug. 23
11
8
43
S e p t. 3
J u ly
8
7 140
2 1 0 6 ’4 J a n .
3
14
S ep t. 4
31
29
6 5 % A u g . 15
S ep t. 20
8 104
70*4 J u n e 7
29
7 % M a y 13
30
253* M a y 1 4
27
1 182 % J u n e 19
<0 5 7 * 4 S e p t . 4
2 > 69*4 O ot. 1 1
4 l ' 3 i e S e p t. 5
99*4 J a n .
2
11
17% M ay 10
12

109
101%
199%
82=8
17*8
316
*69
61%
67
70%
65%
38
‘ 63

4

108% 109%
1 7 ,4 8 6
865s Jan.
110%
401
90
Jan.
101%
1 01 s 102
*199% 200
2 5 5 175*4 A p r.
200
82%
83%
33*4 J a n .
81%
2 7 ,2 1 8
9
M a r.
17 n
2 ,9 2 5
18
17%
316
M a r.
3 18
316
7 4, 2 8 0
J u ly
70
"6 8
70
1 501 6 7
66%
65%
60
M ay
66
1 ,1 6 1
26
June
66%
1 - ', , 9 5
67 %
67*8
2
8
A p r.
6
.
9
1
6
69%
70%
70*4
67
*65%
4 5 ’-4 F e b .
4 ,0 7 8
66*4
2 5 78 M a r .
37%
1 ,2 2 5
38%
37%
60
F eb.
69
67
232
67
22
*21%
22
25
21*4 S ep t.
48%
172
40*4 M a r.
4S%
48%
48%
27
66
F eb.
8 , ) 78 8 * 76
90
90
82%
A p r.
82%
82%
4 ,2 4 6 j 6 7
83
36
M a r.
90
89%
90
5 ,2 1 7
90*4
2
Jan.
2%
2 %
430
2 %
*2%
|| L o w e s t i s e x r i g h t s ; h i g h e s t “ ca sh .**

B id .

B o s to n U n it e d G a s , 2 d m . 5 s . . 1 9 3 9 $ 5 6
B u r l . A M o . R i v e r E x e u p t 6 s , J A J I1 1 6
N o n - e x e m p t 6 s ..............1 9 1 8 , J A J 5 1 0 6
P l a i n 4 s ..................................1 9 1 0 , J A J } 9 7
C h io . B u r l. A N o r . 1 s t 5 ,1 9 2 6 , A A O § 1 0 5
2 d m o r t . 6 s ........................1 9 1 8 , J & D $ 9 9 %
D e b e n t u r e 6 s ................... 1 8 9 6 , J A D § 9 9 %
C h io . B u r l. A Q u in c y 4 s . .1 9 2 2 , F & A 5 9 5
I o w a D i v i s i o n 4 s ..........1 9 1 9 , A A O 5 9 9
C h lc .A W .M ic h . g e n . 5 s , 1 9 2 1 , J A D § 7 7
C o n s o l, o f V e r m o n t , 5 s . 1 9 1 3 , J A J § 9 0 %
C u r re n t R iv e r , 1 st, 5 s ..1 9 2 7 , A A O § 7 5
D e t. L a n s .A N o r ’ n M . 7 s . 1 9 0 7 , J A J * 7 7
E a s te r n 1 s t m o r t 6 g . 1 9 0 6 ,M A S .. § 1 2 1
F r e e .E l k . A M .V ., 1 s t , 6 8 .1 9 3 3 , e n d . § 1 3 0
K .C . C . A S p r in g .,1 s t ,5 g .,1 9 2 5 ,A A O § 7 o
K 0 . F .8 .A M . c o n .6 s , 1 9 2 8 , M A N § 97
K .C . M e m . A B i r . , 1 s t , 2 8 , 1 9 2 7 , M A S { 6 2
K.
C . S t . J o . A C . B . , 7 s . . 1 9 §0 172, 2J A
L . R o c k A F t . 8 ., 1 s t , 7 s . . 1 9 0 5 , J A J § 9 5
L o u is ., E v .A S t .L ., 1 s t , 6 g . l 9 2 6 , A A O $ 1 0 4
2 m . , 5 — 6 g ....................... 1 9 3 6 , A A O § 9 0
M a r . H . A O u t . , 6 s ..........1 9 2 5 , A A O § 1 0 6
M e x ica n C e n tr a l, 4 g . . . 1 9 1 1 , J A J § 7 0
1 s t o o n s o l .in c o m e s , 2 g , n o n -o u m ,
24%
2 d c o n s o l, in c o m e s . 3 s , n o n -o u m .
1 2 -4
N . Y . A N .E n g ,, 1 s t , 7 8 ,1 9 0 5 , J A J J * 1 2 2
* L14
1 s t m o r t . 6 s ............. . . . 1 9 0 5 , J A J
2 d m o r t . 6 s ........................1 9 0 2 , F A A * 1 1 3
O g d e n . A L .C .,C o n .6 s ... 1 9 2 0 ,A A O § 1 0 8
I I n c . 6 s ................................................... 1 9 2 0 l ........
R u t l a n d , 1 s t , 6 s ................ 1 9 0 2 , M A N h i 1 0 %
2 d , 5 s ....................... .............1 8 9 8 , F A A § 1 0 1

Ask.

120*4 J u n e
A ug,
107
M ay
9 9 % J u ly
28*4 J u ly
J u ly
330
91*4 J a n .
% O ct.
6 7 7e O c t .
7 0 % O ct.
O ct.
67
4 L S e p t.
J u ly
A p r.
49% S e p t .
J u ly
85
O ct.
95
O ct.
M ay

210

Bonds.

58
1 1 6 % P e r a io m e n , 1 s t s e r .,5 s .l 9 1 8 , Q —J
lu 7
I ">h U a . A E r i e g e n . M . 5 g . , 1 9 2 0 , A A O
100
j G e n . m o r t . , 4 g .............. 1 9 2 0 , A A O
2%
105%
’ h ila A B e a d , n e w 4 g ., 1 9 5 8 , J A J
49
100%
1 s t p r e f. in o o in e , 5 g , 1 9 5 8 , F e b 1
50%
100
2 d p r e f. In co m e , 5 g , 1 9 5 8 , F e b . 1
22
24
3 d p r e f. in c o m e , 5 g , 1 9 5 8 ,F e b . 1
97
140
142
100
2 d , 5 s ......................................1 9 3 3 , A A O
240
250
C o n s o l , m o r t . 7 s ............1 9 1 1 , J A D
80
29
C
o n s o l.m o r t . 6 g . . . . ..1 9 1 1 , J A D
91
162
85
I m p r o v e m e n t M . 6 g ., 1 8 9 7 , A A O
C
o n .M .,5 g .,s t a m p e d ,1 9 2 2 ,M A N
80
44
45
122
T e r m i n a l 5 s , g ......... 1 9 4 1 , Q .— F .
56
131
70
80
30%
31%
R o c h e s te r R a ilw a y , c o n . o s ..1 9 3 0
99
53%
54
63
8 e h u y l .R .E .8 i d e ,l s t 5 g .1 9 3 5 , J A D
22
24
J1 2 3
U n i o n T e r m i n a l 1 s t 5 s ............ . F A A
65
75
98
64
A t la n t a A C h a r l., I s t 7 s , 1 9 0 7 , J A J
107
71
95
B a lt im o r e B e lt, 1 s t, 5 s . 1 9 9 0 , M A N
55
107
B a lt . C . P a s s . 1 s t 5 s . . . . 1 9 1 1 , M A N
7 0 % B a lt . T r a c t io n , 1 s t 5 s . . 1 9 2 9 , M A N
84
24%
E x t e r n A i m p t . 6 s ____1 9 0 1 , M A S
10 % 11
12% '
N o . B a l t . D i v . , 5 s ......... 1 9 4 2 , J A D
B a lt im o r e A O h io 4 g ., 1 9 3 5 , A A O
123
28%
114%
P i t t s . A C o n n . , 5 g ____1 9 2 5 , F A A
2
1%
114
S ta te n I s la n d , 2 d , 5 g .1 9 2 6 , J A J
69
70
109
B a l.A O h io S .W .,lB t ,4 % g .l9 9 0 , J A J
12 % 12 %
C a p e F .A Y a d .,8 e r .A .,6 g .l9 1 6 , J A D
20
37%
111%
S e r i e s B . , 6 g .............. . . . 1 9 1 6 , J A D
71%
72
1 0 1 %;
S e r i e s C ., 6 g .............. , . 1 9 1 6 , J A D
92
93
C e n t . O h i o , 4 % g ................. 1 9 3 0 , M A S
238
A lle g h e n y V a ll? 7 3 - ^ s J l l l i t , J A J 1 0 3
C e n t . P a s s . , 1 s t 5 s ..........1 9 3 2 , M A N
59
60
A t la n t ic C ity 1 s t 5 s , g ., 1 9 1 9 ,M A N 1 0 3
C i t y A S u b ., 1 s t 5 s ............1 9 2 2 , J A D
26
B e l v id e r e D e l., 1 s t, 6 s . . 1 9 0 2 , J A D
C h a r i. C o l.A A u g .e x t .5 s .1 9 1 0 , J A J
4% B u f f a l o K y . c o n . 1 s t , 5 s ..............1 9 3 1
C o l. A G r e e n v . , 1 s t 5 - 6 8 . 1 9 1 7 , J A J
C a t a w i s s a , M . , 7 s ............1 9 0 0 , F A A
1 1 0%
G a .C a r . A N o r . 1 s t 5 g . . l 9 2 9 , J A J
25
C lio c . 0 6 1 a . A G u lf , p io r lie n 6 s . .
106
G e o r g ia P a o ., 1 s t 5 - 6 S ...1 9 2 2 , J A J
115
118
C it iz e n s ' S t .R y .o f i u d .,c o n .5 s .l 9 3 3
94
95
N o r t h . C e n t . 6 s ..................... 1 9 0 0 , J A J
C o iu r n b . S t. B y ,, 1 s t, c o n . 5 s .. 1 9 3 2 1 0 2
6 s .................................................1 9 0 4 , J A J
C o l u r n b . O . C r o s s t u w n , 1 s t ,5 s . 1 9 3 3 1 0 2
S e r i e s A , 5 s .........................1 9 2 6 , J A J
22
C o n s o l. T r a c t , o f N . J ., 1 s t ,5 s .1 9 3 3
4 % s .............................. . . . . . 1 9 2 5 , A A O
86%
87
11 % D e l . A B ’ d B r ’ k , 1 s t , 7 s . 1 9 0 5 , F A A 1 2 7
11*4
P ie d m .A C u m .,1 s t , 5 g .1 9 1 1 , F A A
4 % ;B a s t o n A A m . l s t M . , 5 e . 1 9 2 0 ,M A N
4
110
P it t s . A C o n n e lls . I s t 7 s . l 8 9 8 , J A J
E lm ir . A W ilm ., 1 s t, 6 8 .1 9 1 0 , J A J . 1 1 8
S c u t h e r n , 1 s t 5 s ................... 1 9 9 4 , J A J
I l e s t o u v i l l e M . A F ., c o n . 5 s . . 1 9 2 4 1 1 1
V ir g in ia M id ., 1 s t 6 s . . . 1 9 0 6 , M A S
19
105
H u n t . A B r ’ d T o p , C o n . 5 s . '9 5 , A A O
2 d S e r i e s , 6 s ........................ 1 9 1 1 M A S
........
L e h i g l i N a v . 4 % s ............... 1 9 1 4 , Q — J 1 1 2
3 d S e rie s , 6 s . . . . . . . . . . 1 9 1 6 , M A S
SO
2 d 6 s , g o l d ...................................... 1 8 9 7 , J A1D
07
4 t h S e r i e s , 3 - 4 - 5 s . ____ 1 9 2 1 , M A S
20%
20
G e n e r a l m o r t . 4 % s , g . 1 9 2 4 ,Q — J
105
5 t h S e r i e s , 5 s ____ ______1 9 2 6 , M A S
3 1 % L e h ig h V a l.C o a l i s t 5 s , g . 1 9 3 3 ,J A J
30%
1 0 1 % 102
W e s t V a C. A V 1 st, 6 g .1 9 1 1 , J A J
172
173
I L e h ig h V a lle y , 1 s t 6 s . .. 1 8 9 8 , J A D
108
W e s t ’ L N .C . C o n s o l. 6 g .1 9 1 4 , J A J
52%
2 d 7 s ....................................................1 9 1 0 , M A
1 3S3
W llm . C o l. A A u g ., 6 s . .1 9 1 0 , J A D
87%
80
C o n s o l . 6 .................
1923, JAD
126
!!
MISCELLANEOUS.
140
I N e w a rk F a s s e n g e r, o o n . 5 s ...1 9 3 0 1 0 6
136
107
1 a lt im o r e W a te r 5 s . . .1 9 1 6 , M A N
139
138
N o r t h P e n n . 1 s t , 7 s ____1 8 9 6 , M a n
F u n d i n g 5 s ........................1 9 1 6 , M A N
101%
1*4
G e n . M . 7 s ............................1 9 0 3 , J A J
124
126
E x c h a n g e 3 4 s .................1 9 3 0 , J A J
35%
36*4 P e n n s y lv a n ia g e n . 6 s , r .. ! 9 1 0 , V a i 1 3 1 %
V ir g in ia (S ta te ) 3 s , n e w . 1 9 3 2 , J A J
55%
55
C o n s o l. 6 s , c
................1 9 0 5 , V a i
1 2 0 S 122
F u n d e d d e b t , 2 - 3 s ____ . 1 9 9 1 , J A J
C o n s o l . 5 s , r ........................ 1 9 1 9 , V a i
C h esap eak e G as, 6 s .....1 9 0 0 , J A D
117%
81*4 8 1 %
106
O o l l a t . T r . 4 % g ............... 1 9 1 3 , J A I
C o n s o l. G a s , 6 s . . . . . . . . . . 1 9 1 0 , J A D
33% ! 3 3 % P a . A N . Y . C a n a l,7 s . ..1 9 0 6 ,J A I124
5 s ................................................ 1 9 3 9 , J A J
80
81
| C o n . 5 s . ................................1 9 3 9 , A A O
106
............ E a u l t a b l e G a s , d a _____ 1 9 1 3 . A A O

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

1

Bonds—Boston.

2 0%
1%

V o l . L X I.

— n o t P e r G e n t 11 in Price** .

T u esday,
O ct. 8 .

2 1 %

2 0 7e

P r i c e s o j O clobei 1 1 .
1
A t la n t a & C h a r lo tte
(B a ll.) 1 0 0
100
98
B o s t o n A P r o v i d e n c e (B o s to n ) 1 0 0 2 6 4 % 2 6 5
C a m d e n & A t l a n t i c p f . (P h ila .)
33
50
“
C a t a w i s s a ............................
50
1 s t p r e f e r r e d ..............
50
C e n t r a l O h i o ..................... (B a lt.)
50
C h ic a g o A W e s t M ic h .(B o s t o n ). 1 0 0
C o n n e c t i c u t *fe P a s s . .
44
100
C o n n e c t ic u t R i v e r —
44
100
C o n s o l . T r a c t . o f N .J .U ( P h i l a .) . 1 0 0 1
D e la w a r e & B o u n d B r .
41
1001
F l i n t & P e r e M a r q . . . (B o s t o n ). 1 0 0 ,
P r e f e r r e d ............................
44 1 0 0
H e s t o n v i ll e P a e s e n g . (P h ila .). 5 0 '
P r e f e r r e d ]\..................
44
50,
H u n t. & B r o a d T o p ...
44
50’
P r e f e r r e d .......................
44
50,
K a n . C ’y F t .S . & M e m . (B o s to n ) . 1 0 0
P r e f e r r e d ....... ................
44
100
L i t t l e S c h u y l k i l l ............ ( P h i l a .) . 5 0
M in e H ill & 8 .H a v e n
44
50
N e s q u e b o n in g Y a l . . .
44
50
N o r th A m e r ic a n C o ..
44
100
N o r th P e n n s y lv a n ia .
44
50
O r e g o n S h o r t L i n e . . . (B o s to n ). 1 0 0
P e n n s y lv a n ia & N . W . (P h ila .). 5 0
P h i l a d e l . A E r i e ...........
44
50
R u t l a n d ............................... ( B o s t o n ) . 1 0 0
P r e f e r r e d ...........................
44
100
S o u t h e r n ............................... ( B a l l . ) . 1 0 0
P r e f e r r e d ............................
44
100
W e s t E n d ..................... . . . ( B o s t o n ) . 5 0
P r e f e r r e d ...........................
“
50
U n i t e d C o s . o f N . J . . ( P h i l a .) . 1 0 0
W e s t J e r s e y .........................
“
50
W e st J e rse y A A tla n .
44
50
W e s t e r n N .Y . & P e n n
44
100
W is c o n s in C e n t r a l .. . (B o s to n ). 1 0 0
P r e f e r r e d ...........................
44
100
W o r c ’ s t .N a s li.& R o c h .
44
100
M ISCELLAN EO US.
A llo u e z M in ’ g .a s s t p d f B o s t o n ;. 2 5
A t l a n t i c M i n i n g ............
44
25
B a y 8 t a t e G a s H ............
44
50
B o s t o n L a n d .......................
44
10
C e n te n n ia l M in in g ...
44
10
F o r t W a y n e E le c t .H ..
44
25
F r a n k l i n M i n i n g ..........
44
25
F r e n c h m ’n ’ s B a y L ’ d .
44
5
I l l i n o i s S t e e l .........................
44
100
K e a r s a r g e M i n i n g ____
44
25
O s c e o l a M i n i n g ..............
44
25
P u llm a n P a la c e C a r.
44
100
P e n n s y l v a n i a S t e e l . . ( P h i l a ,) . 1 0 0
P r e f e r r e d II .......................
“
100
Q u i n c y M i n i n g ............ . ( B o s t o n ) . 2 5
T a m a ra ck M in in g ....
44
25
W a t e r P o w e r .......................
44
100
W e s tin g li. E le c . A M ..
44
50
P r e l ., c u m u la t iv e .
44
50

P r ic e s

CHRONICLE.

"lT

18

3734

1
2*%

1
1
183*
1

* P r ic e In c lu d e s o v e r d u e e o u p o u s .

1%|
1%
1%
81 I

1

IF U nlisted.

§ A n d a c e r u e d in te r e s t.

Bonds.—Baltimore.

„ ,

66

72
253»

91

13
1
20
30
31
29
16
10
11

4

10
9
8
16
5
15
3
3

3*16

B id .

A sk.

9 1 %
101%

92

117
102
79
3 9 %

24
18%
115
127%
115
103

4

79=8
40%
24%
18=8

102
104%
113=4 1 1 4 %
104
110
85
123
108
117
110
104
109%
104

n o
70

L1 2 %
110%
108
1 .1 3 %
83%
114*%
111
115
116

124
108%
117%
110%
104%
110

75
63
62
114”
n o%
108%
114
89

111%
116*4
113

106

105
L 0 7 7a
96%
114
117
113%

106
108
97

1L9
114

105
103 % 109%
L15%
113
123

124

i'dd’%1 0 5 %
.. . . . .
75
63*4
63
108
117% 117 s
108% 1 j9

THE CHRONICLE.

October 12, 1895.1

653

NEW YORK STOCK EXCHANGE PRICES (Continued)—ACTIVE BONDS OCTOBER IC AND FOR YEAR 1 8 9 5 .
R a il r o a d

an d

M is c b l Bo n d s. ' w « c f w «
Period (Jet. 11

A m e r . C o t t o n O il, d e b ., 8 g .l d 0 u

!

Rang‘ (,aie*>in 1895*l R a i l &o a d
L ow tsL

b.

H ighest.

111
A ug:.
1 8 4 % S ep t.
1 3 7 1 3 S ep t.
8 1 * 3 S ep t.
5 9 % S ep t.
130% S e p t ,
51*3 J u n e
108
M ay
107% S e p t .
10-3% J u u e
112% June
1 0 .3 % J u l y
10 4 % A u g .
U S
Juue
121
Jan.
119% A ug.
1 10
Aug.
92
Jan.
1 11 5% S e p t.
1 0 7 % S ep t.
12!
F eb.
1 2 1 % S ep t.
1 1 2 % S ep t.
83% Juue
90
J u ly
90
Juue
103
Aug,
123% Juue
105
O u t.
100
Aug.
97
J u ly
1 9 4 % S ep t.
125
Aug.
117% M ay
127% A u g . !
101
Sept

I
and

j

M is o e l . B o n d s . I n t e n t

l(Ju>sLug

P r ic e
\P e r i o d , Oct. 1 1 .

R a n g e (sa te s ) in 1 8 9 5 .

I Highest,

L o w e s t.

M o . P a o .— l s t o o n . , 6 g . . . . l 9 2 0 M A N
102%
83
M ar
3 d , 7 s .......................................... 1 9 0 0 ; M A N 1 1 3 % b . '1 0 3
M a r.
P a c . o t M o .— 1 s t, e x ., 4 g . 1 9 3 8 ; F A
A 1 0 3 % b. ] 0 0 % M a r
S d e x t o s ............................. 1 9 3 8 . j
a
J 1 0 7 % b . 'u ) 3
M ar
S t L .& I r .M t l s t e x t .5 s .lS 9 7 !F A Ai 1 0 1
b. 1 0 0
M a r’
2 d , 7 g ......................................1 8 9 7 M A N " 1 0 5
b .H 0 2
M ay'
C a ir o A r k . & T e x a s , 7 g . l 8 9 7 ; j A D
106 a. 9 7
M ar
G e n .K ’y & la u d g r . . 5 g . l 9 3 1 A A O
80
I 74% A pr'
M o b ile & O h io — N e w , 6 g . . l 9 2 7 j A D
1 2 0 b.1 1 5
M ar
G e n e ra l m o rtg a g e , 4 s — 1938 M A s
S i b. 6 2
M ar
N a s h . C b . & S t. > — 1 s t , 7 s . 1 9 1 3 J A J 1 3 2 % b . 'l 3 0
M a r’
C o n s o L , 5 g .............................. 1 9 2 s A a o|
1 0 3 b.
9 8 % A p r .’
N a t’ lS t a r o h M T g .— 1 st, 6 3 .1 9 2 0 M A N
100
90
Jan.
N .Y .C e u t r a l— D e b t e x t 4 s . l 9 0 5 m A N 1 0 4 b . 1 0 2
A la r
1 s t . o o u p o n . 7 s ....................... 1 9 0 3 J A J 1 2 3 %l>.
120% Jan.
D e b e n . , 5 s , o o u p . . 1 8 S 4 . . 1 9 0 1 ,M A S 1' 0 8 % *b J--------l0 5 % A p r.
N . Y . A H a r l e m , 7 s , r c g . 1 9 0 0 .M A N
115% M ay
R .W . A O g d .,o o n s o L , 5 8 .1 9 2 2 A A O 1 1 7
b. 1 1 3 % A p r .
W e s t S h o r e , g u a r . , 4 s ____ 2 3 6 1 J A J
I06
1 03 % F eb.
N. Y .C b l o . A S t L — 4 g . . . l 9 3 7 A A 0
1 0 4 b. 1 0 1 % F eb.
N . Y . L a c k . A W .— 1 s t , 6 s . 1 9 2 1 J A J 1 3 4 %
131
M a r.
C o n s t r u c t i o n , 5 s ...................1 9 2 3 (F A A
1 1 7 %- b . 1 1 3 % F e b .
N .Y .L .E .A W .— I s t , o o n . ,7 g .l 9 2 u M A S 1 4 0
b. 1 2 5 % M a r.
2 d o o u s o L , 6 g ....................... 1 9 6 9 J A D
<9%
1 5 5 % F eb.
L o n g D o o k .o d n s o l., 6 8 ,g .l9 3 o | A A O 1 3 5
1). 1 2 6
F eb.
N . Y . N . H . A H .— C o n . d id ). O t is A A O 1 3 7 %
130
S ep t,
N. Y . O u t A V f .— R e f , 4 s ,g . l 9 9 2 ! M A S
„8 „8
0J a„ n
„.
9_____
2%
C o n s o L , 1 s t , 5 s , g ................ 1 9 3 9 M A
D i, l l l % b . i i 0 9 % J u u e
N .Y .S U S .A W * . — l s t r e f . , 5 s g . 1 9 3 7 J A J 1 0 3 b .
95
June
M id la n d o f N . J ., 6 s , g . 1 9 1 0 A A 0 * 1 1 5 b. 1 1 1 % J u n e
N o r L A W . — 1 0 0 * y e a r , 5 s , g . 1 9 9 1 J A J|* 6 0 b .
48% F eb.

104
S ep t.
114
O ot.
106
June
108
June
103% Jam
104% S ep t
103% M ay
88 % S e p t
121
A ug.
09% June
132% June
106
S ep t. O ent.G a.-8"A W .lsteon.59.1929 ....... . . 1 63»a
50 Jan.
100
S ep t.
C e n t r a l o l N . J . — C o n e - 7 8 . 1 8 9 9 % —J
lW % b -illl% F eb.
405
S ep t.
I 1 7 ^M
b . 114
M a r.
C o n s o l . . 7 s ................................. J 9 0 9 M A N
126
June
111
Jan.
G e n e r a l m o r t g a g e , 5 g . . . 1 9 » . ;J A J 1 1 9 * 4
110% A ug
L e h . & W . B . , c o u . , 7 s , a V d . 1 9 0 o Q— M, 1 0 6 % b . i i o i % M a r .
1 1 9 % A p r.
92% b. 85
M a r.
“
m o r t g a g e 5 e .l9 1 2 ;M A >
| il9 % S e p t
b . 1 1 1 * 4___
A_
p r ..
A m . D o c k & i m p .,5 s ....1 9 2 1 J A J 1 1 5
(1 0 7 % J u n e
C e n t r a l P a d f l e . — G o l d , 6 s . 1 8 9 8 iJ A J 1 0 0 ^ b . 1 0 1 ** F e b .
107
Sept
C h e s . A O h . i o . - 8 e r A , 6 g .1 9 0 * A A O
117ab. 117 A p r.
436
J une
1 1 8 Hib. 1 1 6 * 4 A p r .
M o r t g a g e , 6 g .......................1 9 1 1 A A O
117% S ep t
1 1 - 1 0 3 % M ar.
1 s t c o n s o l . , 5 g ...................... 1 9 3 9 >1 A N
142% O ct
7 9 % b . 6 9 % M a r.
.................. 1 9 9 2 } M A 8
G e n e r a l 4 *a «, g
18 1 % S e p t
96%
R .A A .D iT „ fs t c o n .,4 g .l9 8 9 J A J
9 1
F eb,
135
S ep t.
A p r.
“
2 d o o a .,4 g * 1 0 8 9 J A J * 9 0 a , 8 5
147% June
103
95
M a r.
E li2 .L e x .A B ig 8 a n .-5 g .1 9 0 2 M A S
95 % A u g .
M a r.
C h i c . B u r l . & Q . —C o n . , 7 s . 1 9 0 3 J A J 1 2 u %a. 1 1 8
113
M ay
104
9 8 % M ur.
D e b e n t u r e , 5 s .........................1 9 1 3 M A N
108
Jam
b. 9 8 % M a r.
C o n v e r t i b l e 5 a ....................... 1 9 0 3 M A a '1 0 4
119
Jam
9 5 b. 9 3 % F eb.
~0
D e n v e r D i v i s i o n 4 s ........... 1 9 2 2 F ac .a
7
A p r.
9 3 %i
8 6 % F eb.
N e b r a s k a E x t e n s i o n , 4 s . 1 9 2 7 [JJ A N
119% Ju u e
1 2 0 % b . 1 1 5 % M a r.
H a n .& a t .J o a .-C o n 8 .,6 « .1 9 il M A
104
Sept
G M c .A B .U L --1 s t ,A t , 0 s . 1 90 7 J A D H 1 5 % b , 1 14
Jane
74% S ept
C o n s o l, m o r t g a g e , 5 g . . l o s o j a d
C o n s o l . 6 g ................. ............ 1 9 3 4 A A O *1*2 i % b . 1 2 1 % A p r .
45
June
96
F eb.
Co l. ttu s t g o ld n o te s , 6 a , 1 8 9 8 M A N
G e n e r a l c o n s o le 1 st, 5 s .. 1 9 3 7 M A Si 1 04
M a r.
89
J une
i 77
M a r . 113
C b iA A N . P a c ., 1 s t 5 g .1 9 4 0 A A O
C h il c a g o A E r i e . — 1 s t . , 5 g . 1 9 8 2 M A N 11*2 %
Sept.
Jam
io l% S e p t
D ot.
I 2 7 b.
1 4 % M a r.
I n c o m e . 5 s ...............................1 9 8 2
S e a t L S . A E ., 1 s t g o . 6 .1 9 3 1 F A A * 1 4 9
b. 1 3 3
31
A ug. j
Jam
1 5 L% S e p t .
93
b. 9 0
Jane
M A S t 35
b. 30
C h ic .G a s L .A C .— 1s t , 5 g . . l 9 3 7 J A J
9 6 % J u n e N o. P a o lflo A M o n t .— O g .. 1 93
-M ar.
41
M ay
J
127 b. 125
F eb. 129% J u n e
N o. P a o lllo T e r. C o .— 6 g . . . l 9 3 - J A j| * 1 0 4 % n
96
C h ic . M l l.A 8 t .P .— C o n . 1s . 1 9 0 5 J
Jan. 4 0 0
J u ly
.
90
J
1 1 6 b . 1 1 4 % M a r . 1 1 9 % J u u e j O h l o & M l s s . — C o n . s . f . , 7 s . l 8 9 * i J A J 100 %b. 106
l a t ,8 o u t liw e s t D lr .#6 s . . 1 9 0 9 J
A u g . ;1 0 8 % J u n e
J
118 b 115
M a r. 1 1 9
1 s t, 8 o . M in n . D iv , 6 a . . . 1 9 1 0 J
J u u e ! O h io S o u t h e r n — 1 s t 6 g . . . 1 92 1 J A D
90
81
May
”
90
Jam
G e n e ra l m o rtg a g e , 4 g ... 1 9 2 1 M A N ’
J*114 % b1 09% F ob. 110
1 s t , C h . * P « G . W J L > i r . #5 « . 1 9 2 1 d
June
5 2 % A p r.
35 b.i 29% May
C h ic .A M o. R lv . D iv .,5 s . 1 9 2 0 '
10 7 b. 1 0 4
F o b . 1110
A u g. ! O reg on Im p r. C o .- ls t , 6 g .l9 1 o J A D
O ct.
90% | 92 Get. 1 0 1
112%
1 0 7 % J a n . '1 1 3
W is e . A M i n n .,D i v ., 5 g . 1 9 2 1 0
O c t | C o n s o L , 5 g ...............................1 9 3 9 A A O ]
M a r.
33% ! 30 S ep t 5 5
112
b. 1 0 8 % F eb. 1 12
Term inal, 5 g ...................1914 J
J u n e O r e . R . A N a v . C o . — l s t f l g . 1 9 0 9 J A J 1 1 1 % a 4 0 6 % J a n _.
ll2 h g J a n e
C onsoL , 5 g ....
95% a
87
F eb.
G e n . M ., 4 g .f s e r t e s A . . . 1 9 8 9 J A
1 9 2 5 J A U | fl0 0
3 0% Aug.
73 J_____
‘ am 1 03 % A u g.
1 1 8 b. 1 1 0
Jau.
M IL A N o r .— l e t , c o n . , 0 4 .1 9 1 3 J A
P e n n -C o .— 4 % g . p o o u p o Q .1 9 2 1 J A J 1 1 5 a. 1 0 9 % J a m
116% June
141
C h ic . A S . W .— C o n s o l.,7 s . 1 9 1 5 Q - F
b. 138
M ay
1 4 3 % J a n . i P e o . D e c . A E v a u s v . —6 g . 1 9 2 " J A J 102%
103
M ay
92
F eb.
122 b 1 1 9 S Jun< 1 2 3 % F e b . i E v a u a v . D i v i s i o n , 6 g . . . l 9 2 0 .\l A a 1 0 3 b . 9 3
C o u p o n , g o M , 7 s ......... . . . 1 9 0 2 . J A D
.M ar. 1 0 3 % J u l y
S i n k i n g f u n d , 6 s . . . , ..........1 9 2 9 A A 0
116
2 d m o r t g a g e , 5 g _____ _ . . . 1 9 2 0 ; M A N 1 3 6
14
Jc
120
Jan. :
b .i 2 5
G et.
F eb. 137
t*1 0 9
a. 4 0 6 % A p r . ,1 1 3 % A u g .
P b lla . A R e a d .— G e n ., 4 g . 1 9 5 8 J A J
•88% S e p t .
83%
j 67
Jau.
8 ln k i« g la n d ,d e b e fn .5 « ,i9 3 3 :M A S I l 'i c h . 1 0 5 % M ay
1 s t p r e t . I n c o m e , 5 g . ____1 9 5 - ................
112% Aug.
3 0 '%
41% S ept
1 8 % M a r.
h. |'104®i M a y
2 5 -y e a r d e b e n tu r e , 5 s . .. 1 9 0 9 ;M A N * HW
2 d p r e f . I n c o m e , 5 g _____ 1 9 .5 s ’ ................
108
Jau.
24
b.
2 5 % S ept
9 % M a r.
3 d p r e t I n c o m e . 5 g ......... 1 9 5 s ! ................
E x t e n s i o n , 4 a . . . . . . . . . . . . 1 9 2 6 F A A 10*2 b. 9 9 % M a r . 1 0 3
J u ly i
18%
6 % M a r. ! 1 9 % S e p t.
P
i
t t s b u r g A W e s t e r n — 4 g .1 9 1 7 1 .1 A .1
C h l c . K . I . A l 'a c . — 6 « . , e o u p . 1 9 1 7 J A J ’ 1 3 0
126
Jan.
131
June!
84% b.
88% S ep t
80
A p r.
100
F eb. 1 07 % J u u e
E x te n s io n a n d o o l., 5 s ...1 9 3 4 3 A J 105
1: 1 0 G r . W e s t e r n — 1 s t , 4 g . 1 93 .1 J A J !
77%
63
Jam ! 79 % J u n e
M a r. 1 0 0
3 0 - y e a r d e b e n t u r e , 5 s . . . 1 9 2 1 M A 8 11 9 0 %
A u g . ! !S t. J o . A G r . I s l a n d — 6 g . . 1 9 2 • 51 A N I 6 4
A ug.
15 1
F eb. (0 0
122
F eb. 129
s i . L A S a n F r . — 0 g . , C L B . 19 0 < , M A N 1 1 5 a
C h i c . 8 t . F . M . A 0 , — 6 a , . . . l 9 3 o ; J A 1> 1 2 0
M ay
A ug.
m 1 11 % A p r. 1 18
F eb.
C le v e la n d A C a n t o n .—5 s . . 1 9 1 7 J A J
•io b . 8 2
0 . . L . a s s O ......... ............. . . 1 9 0 0 M A N H O
04
M ay
a. 4 1 4
M ur. 118
Aug.
b. 1 2 2
C .C .C . A L - C o n a o l ., 7 g . t o i l J A D -1 3 3
Jan. 135
G e n e r a l m o r t g a g e . 6 g . . 1 9 3 i J A .1 n o
Sept
b.
i 1 0 24 1 2J a mJ u n e
C o n s . g u a r . 4 s , g ............ . . 1 9 9 0 ’ A A O
General consol., t i g ____ 1934:3 A J * 1 2 5 b . 1 1 0 F e b . 1*25 S e p t
53
b .i 4 9
M a r.
5 0 % S ep t,
M a r.
H\ b . 7 4
0 0 . 0 4 8 1 1 * — F e o .A E . ,4 s . 1 9 4 0 A A O ;
...............
M
A N
81
3 4 % J u l y ! s t L S o . W e s t — 1 s t , 4 s , g ,1 9 S
i 6*2
Jam
82
S e p t.
A**r.
I n c o m e , 4 « . ..............................1 9 9 U A p r t L
17
2 d , 4 s , g . , I n c o m e .............. 1 9 8 9 0 A J ’ * 3 8
2 3 % J u ly
b.
16% Jam
4 0 % S ep t.
M ay
C o L C o a l A I r o n . — 6 g ......... lO O o F A A
101
b. 9 2
1 0 1 % O c t ! S I .P .M .A M .— D a k . E x . , 6 g . l 9 1 o M A N 1 2 2
b. 1 1 5
M ay 123% June
C o L A 9 th A v e . g u . 5 s, g , ..1 9 9 3 M A 8 111*4
110*4 J u ly
l s t o o o s o L , 6 g ......... ...........1 9 3 .1 J A J 1 2 1
115% A ug.
June
b 1 1 5 % M a r. 1 2 3
O oi H .V a i.A T o L —< J o n .,5 g .l9 3 i M A 6
90
u. 6 0 % M a r .
“
red u ced to 4 % g
J A J 100M b. 100% Jau.
95% A u g . i
1 0 0 's O c t
04
G e n e r a l , 6 g ................ .............1 9 0 4 *1 A D
Jan.
M o n t a n a E x t e n s i o n , 4 g . l 9 3 7 ’J A D
88
98
A p r. :
93%
8 4 % A p r. j 0 5 % J u ly
D e n v e r A K lo O r .— 1 s t, 7 g . 1 9 0 0 M A S * l l 7 ^ b , U 2 H M a y
- a n A n t A A . P . — l s t , 4 g . , g u . , ' 4 . ( ’ J A .1
113% O ct
62
; 52
Jam
68
June
9 i* a
Jau.
1 s t c o n s o l . , 4 g .......................1 9 3 6 *1 A J
70
9 4 % S e p t ! Sav. F l a . A W e s t — L t . 6 g . l 9 3 1 . 4 A O! 1 1 5 % b . 1 1 2
Jam
117
Jan.
F eb.
D u L 8 o . O h . A A t L — 5 g . . . 1 9 3 7 ! J A J 1 0 0 b .i 9 0
100% O ct I s o . C a r , A O s - 1 s t , 5 g ____l u l u At A N
9 0 % b. 9 5
M ay I 98% A u g
F t. W . A D e n v .C T t v .-6 g . 1 921 J A D
F eb.
71%
85
7 4 % S e p t . 's o . P a c l d o , A r t * . — 6 S . . 1 9 0 9 * 1 0 J A J
97
b. 8 0
M a r. !10 1 % J u n e
G e L H .A 6 a n A n .-M .A P .D .U t .5 g M A S
00
M ay
S o . P a o l fl e .t A k L —6 g . . „ 1 9 0 5 - t i A A O I l l % b . 1 0 9 % J a m
34 % O o t
115
Sept
G e n . E le c t r ic ,d e b . 5 « , g . . . l 9 2 2 J A D
02%
Jam
87
1 s t o o u s o L . g o l d , 5 g ..........1 9 3 7 A A o
9 3% Jan.
95% A ug.
94
88
F eb.
F e b . : 7 4 % S e p t . S o . P a o l l l o , N . M . — 6 g ..........j u t i J A J
H o n s .A T .C e n t .,g e n .4 a ,g . 1 9 2 1 A A O
81
110
June
105
b. 0 9 % Jam
I l l i n o i a C e n t r a L — 4 s , g . . . . 1 9 5 3 M A S '1 0 5
a. 9 8
Jan. 105
99% June
S c u t !s o u t h e r n — l s t o o n s . g . , 5 s . 1 9 9 1 J A j
98%
84% Jam
W e s te r n L in e s , 1 s t, 4 s , g . 1 9 5 1 : F A A 1 0 2
E . T e n n . r e o r g . li e n 4 - 5 s . I 9 3 S M A s
102*4 M a y 1 0 4 % J u ly !
93 % Aug.
92
b.
7 9 % F eb.
I n t . A G r e a t N o r .— I s t , 6 g . l 9 i - M A S 122
F eb.
117
E . X . V . A G . — 1 s t , 7 g . . , 1 9 0 0 J % J 112 b . ; i l l
June
122
A ug.
J u ly 4 1 0
2 d 4 - 5 « . ............................ .......... 1 9 0 9 M A 8 1 7 8 b . 8 7 % -M ar.
C o o . 5 g ................................... 1 9 5 9 M A N
84% A u g . :
110
102% F eb. 111
Sept
G e o r g ia P a o . 1 s t 5 -0 * . g . 1 9 2 2 ; J
lo w a O e n tr a L — l t t , 5 « ,. . . 1 9 3 6 3 A U
8 4 % M a r.
91
93% S ept
115
4 0 7 % M a r. 1 1 5
June
R1UK8 00. E l e y .-l » V 5 * ..l » 2 5 J * J 1; 8 2 b . 8 8 J a m
K n o x v . A O h io 1 st 6 s , g . 4 9 2 5 J
A ug.
1 1 1 % M a r. 1 1 0
83
M ay
115
IjM S te d e O n . - l a t . , 5 , ____ 1 9 i a ( J - f
07%
3 0 s* F e b .
lU o h .A D a u r , c o m 0 s , g . l 9 l ■J
93% Juno
122
418
Jau. 4 2 2 % J u n e
L a k e E r i e dt f w t - 5 , . . . . l t » 3 7 J * J 1 1 8
112** Jan .
W e a t N o .C a r . ls t o o n .6 « ,g 1 9 1 1 J
b. 1 0 9
F eb. 1 1 6 % J u n e
118
Sept
115
L a h o r e , — C o a . o i > ., 1 s t , 7 « . HM «J J Jc J 1 1 7
115
J u ly 1 13
T e u m C . L A i t y . — P ern D . , 1 s t , 0 g A
96% O ct
Jau.
Jam
95
I, 7 7
C o n s o l . o o u ^ . . 2 d , 7 « _____ J A U
B ir m in g h a m D lv ., 8 g . . . l 9 t 7 J
123
J u n e 124% M ay
99
June
78
M a r.
95
b.
L A X . A r . A F o r . F . g u . 5 « , g .U } ! K i M A 8
U 0 !i J u n e 1 1 4
91%
; 83% Jam
94% S ep t
L lO A
A u g . T e x a s A P a o lllo - 1 st, 5 g .. 2 0 0 o J
L o a ,I s la n d .- ls t o o a .,5 i{.lU J l; H—J
2 d . i n o o m e , 5 g . .................... 2 0 0 .1 A la r o li
130 b
* . 117 ^ Jan. 123 % J u u e [
21 % J am
32
B ep t.
26%
G en era l m o n rfsse . i
I B J « J A 1)
99 A 0 3
M a y 10*2
O ot.
A u g . 1 T o t A n n A r . A N . M .— O g . 1 9 2 1 M A N lf 9 3
17 5
.M ar. 1 9 3
L o u i s . A R a s h . - % o u » . . f s l l S S t j A A O * l d o '% b , i 1 0 7
A p r , 1 1 0 % M .r
T o le d o A
C e n t — 5 g . l O J . i i J A J 110 %
107 % F eb. 1 1 2 % J u n e
S . O . A M o b i l e , 1 s t , 4 * . . l u j o J A J • 1 3 1 b . 1 1 3 % F e b . 12*2 % S e p t
57
F eb.
179
O et
“
“
2 d , 8 * .. 1 9 3 . « i J A J 1 0 7 % b . 1 0 3 % .M a r. 1 0 8
O n i o n P a u l d o — 6 g ................. 1 8 9 s J A J| 1 0 9 %
1 0 2 % M a r. 1 1 0
O ct
J u ly
G e n e r a l, 6 g . , . . . . . . . . . . . . 1 3 3 0 J A D 1 1 9
b. 1 1 4
F e b . 1*20
E x t s i n k i n g l u n . L 8 .......... 1 8 9 9 M A s :
99% b.
89
M a r. 101 % A u g .
June
D a l l i e d , 4 ff ______________
19 t o J A J
C
o
l
l
a
t
e
r
a
l
t
r
u
s
t
,
4
%
...........4
9
1
s
M
A
N
I
5
0
a
.
83
b, 7 1 % M a r. i 8 5
1
6
3
A
ug.
13
8
M
a
y
June
L o a l o . N . A . A C h . — 1 s t . , d a . 1 9 1 o J A J 1 1 3 ib . 1 0 6
G o l d 0 s , OOL t r u s t n o t e s , l s o i F A A
97
a. 8 3
Jam
98% S ep t
F eb.
113% M ay
C o n s o l . , 6 1 ....... .......................1 9 1 6 A A O
103%
9 3% F eb. 106% S e n t
K a m P a m - D e m D l r . , 6 g . 1 8 9 9 M A N 1 1 2 b, 1 0 3 % M a r . 1 1 2 % O c t
L o u ie , S t. L A T e x a s . — 6 g .1 9 1 7 F A X *
03
I s t o o n s o t 0 g ................ 1 9 1 9 M A N
55
F e ll.
62
F eb, 18 6
O ct
I -8 4'
60
J u ly O r e g o n t a o f 1 I X n o — 6 g . 4 9 2 2 ’ F A A 1106%
M a n h a t t a n o o s a o l . 4 s . ...........199<> A A O
98
1107% Sep.
96
Jan. 102
187% Jan.
Aug.
O r . S . L A D t 'U N . — U o m o g . 4 9 1 9 j A A O I 60%
16 2
Sept
M e t r o . E l e k a t e d .— 1 s t , 6 * .1 9 0 w J A J 1 2 0 % b . 1 1 8 % J a u . 4 2 3
39
F eb.
June
2 4 . a s .....................
. . i m > M A N" 1 0 s % t> . 1 0 6
M ay
40% sept
U . P . D e n .A O u l J t .o o m . 5 g . 4 9 3 9 | J A D
32
F eb.
1 0 9 % Out
41%
64
-a m
0 . 8 . C o r d , — 1 s t o o i „. 01 g .: ,. 11 99 221l J A J I
| 47%
47%
1 35% Ju n e
M l o h . C e n t , — l » t , e o n » . , 7 s . l 9 0 * JI A N 1 3 1
b. 117
M ay 122% S e p t
1
03
June
V
i
r
g
i
n
i
a
M
i
d
.
.
G
e
n
M
.
,
5
s
.
1
9
3
0
M
A
N
1
0
1
%
b
.
9
1
%
F
e
b
.
C o n s o l . , 3 s .................................1 9 0 2 I A
N *108 b . 1 0 6 % J u n e 111
J u ly
W a b a s h — 1 s t , 5 g . . . . . ____1 9 3 9 M
A N 109
1 0 4 % M a1 y0 9 % S e p t
M U .L « S e 8 h .& W .— 1 s t ,6 * .1 9 2 1 M A N 1 3 2 b . 1 2 7 % M a y 1 3 5
Aug.
Sept
E l V r a . A I m p . , 5 <[.............1 9 2 9 F A A -1 -1 0
|A
2 d m o r t g a g m 5 g .................. 1 9 3 9 : F
AA
78
0 3 % F e b 8. 1
%*b . .................
109
A p r. 115
Jan.
1 1 1 % O ot.
1 1 0 b .4 0 2 % J a m
100
A ta y 1 0 4 % S e p t W e s t 8 . Y . A P a . - l s t , 5 g .1 9 3 7 J A J
M l m i . A a t . L - 1 * 1 c e » u .5 s ,e . 1 9 3 4 M A N 1 0 3 %
G
e
n
.
2
3
1
1
,
g
o
l
d
...............
1
9
4
3
A
A
O
4
8
b
.
4
5
%
J
u
n
e
5
0
’
s
Sept
M o . K . A E — 1 *1 5 a ,
1943 A A O
9 i% b . 81
Jam
97% S ept
Jam 4 1 1 % J u n e
M .K . A T e x a s . — l e t , 4 « , < . 1 9 9 0 i A D
A J| 1 1 0
,1 0 6
88%
7 9 % F e b . I 9 1 % A ug. W e s t O n . T e L — O o L t r . 5 9 . 1 9 3 8 J
M
a
r
.
It
6
4
%
B
ept
W
is
e
.
C
e
n
t
C
o
—
l
e
t
,
5
g
,
.
1
9
3
7
l
J
A
J
»
1
4
4
2 d , 4 s , * ........... .......................... 1 9 9 0 F A A
00
44
F eb.
69% Sept.

A t,To p .A 8 .F .-1 0 < > yr.,4 g .l9 & 9 J A J

80 8

t 33
? ;%
.
2g% b.
„*
“•
1 0 <%
103%
lo u
sep t.
* ll % b- 109
Jan.
10,
A. 1 0 2 L a M a r .

3 -4 a , C L “ A ” l i t i n s t i l l , p d . 3 9 A A O
N e w s e n . 4 s , w h e n i s s u e d . . . . | ...............
A d j u s t m e n t 4 % w t i e n i s s u e d - •■-••■-C o i .M ld la n d — C o n s ., 4 g . l 9 4 0 ; F i i i
A t l . & P a o —G u a r . . 4 g — 1 0 3 ; v
B r o o k ly n E le v .— 1 s t , 1 g .. 1 9 2 * A A O,
O n i o n E l e v a t e d . — 6 g ----- 1 9 3 < M A N
B ’k l r n W n r f & W . H — l a t , 5 8 , K . ’4 a | i A A
C a n a d a S o u t h e r n .— l e t 5 s 1 9 0 S 'J A Ji
2d 5e
..................... 1 9 1 3 M A 8

1120 Feb. ;

i

1113>ah.

Ohio

1oL8 1 L * Kan. U -6 >.. 1910 J S ilt 7 9 *

59

N o t h . — '• u " iad>,

pr ,

M d ; “ a " p m ■■■■ a s 'te t l; s u e r a n g e L m a l e u p f r o m a c t u a l s a l e s o n l y .

NEW I0 B K STOCK EXCHANGE PRICES—( Contlnned),—
s t o o R in a s .
R a ilr o a d

B id

A sk,

B on ds.

f Hiock Mm-hang* P r i c e s .)
A l a b a m a M IA .— i ? t ,
< n a r .l 9 2 ^
A . T. k 8. F —
4 e,C I»w «i B . 1 9 8 9

01
* 100*

'% ! . M i d . 1 s t ,
................1 9 3 6
A t l . k Pam ,— 14 W . D „ a r a . Aa 1 9 0 7
*3**
8 a i fe, ♦ * l a i n - 1

. rtai, p » r » a .. \ $ \ a

121

t T r u s t r e c e ip t s .

BONDS—OCTOBER I I .

a E C X T B ir iE B ,

B id .

B a l t , tk O h i o ~>54, 'O l d . .............. 1 9 2 5
JO o n . m a r t . , g o ld * 5 s . . . * « - • 1 9 0 i
W . V a . Jt r i t t f l . — 1 s t , g .t 5 s , . 1 9 9 0
B. A 0 . 8 . *
1 s t , K-. 4 *4 0 . . . 1 9 9 0
M o n o n . R i v e r , 1 s t if . , g. 5 s . . . 1 9 1 9

n o
11 1*4

A sk.

S E O D R IT IE B .

B id .

A sk

.........

B a ll. R o h . A P it t a .— G e n .,5 s . 1 9 3 '
H och.
B ., I 8 t , 0 8 _____ . . . 1 9 2 1
R o o h . A P it t a .— C o n s . l « t , 6 8 .1 9 2 2
B u f l. <Si S o a q u o h . — l 3 t , 5 s , # . . 1 9 1 3
B u r l O ed . K a p . A N o .— 1 st, 5 a. 1 9 0 6

96*a
124
122
*95
108
#*

98

103

‘ 103
A k . A O n J u n e . - 1 s t , g ,5 » ,g u . 1 9 3 0 1 0 2
B f .^ o k lv t i E l e v 3 t m d - 2 d . 5 * . . . 1 9 1 5
,%tAe A B .B . — U i . i C . 5 s . g a . 1 9 4 2
tc o w iw * k % « r -.
' *-

* L a t e s t p r i c e t h is w e e k ,

4
77
88*4

99
M i n n ’ & 8 t . L .— 1 s t , 7 s , g u . . l 9 2 7
1
05
I o w a C . * W e s t — 1 st, 7 s . ...1 9 0 9
C e d . R a p . I . F . * N ., 1 s t . 0 « .1 9 2 O • i’o T * 1 0 5
....

654

THE CHRONICLE.

[V o l . LXI,

NEW IOUK STOCK EXCHANGE PH I C E S INACTIVE B Q N D S -fO ontin ued )-O C 10B E R I I ,
S E C U R IT IE S .

B id .

A sk

S E C U R IT IE S .

B id .

ASH.

O .C h i o — C o l . <S’. C i n . M . l B t , 4 1* s . l 9 3 B
F.
A P . M . — P t H u r o n — 1 s t , 5 s9 01 9 3 9 9 1
F la . C e n A P e n . — 1 s t g . 5 s ___ 1 9 1 8
U e i t . B R . & B u n k . —C o l . g -.5 B .1 9 3 7
1 s t c o n . g . , 5 s ................................. 1 9 4 3
96%
C e i t. o f N . J .— C o n v . d e b ., 6 8 .1 9 0 8
P i. W o r t h A R . G .— 1 s t g ., 5 s . .1 9 2 8
58
60%
O r t r a l P a o it io —
G a l. H a r . A S a n A n t .— 1 s t, 6 s . 1 9 1 0
G o l d b o n d s , 6 s .............................. 1 8 9 6 1 0 4 ki
2 d m o r t . , 7 s ................................... . 1 9 0 5
G o l d b o n d s , 6 b ...............................1 8 9 7 1 0 5 * 2
::::
G a . C a r. A N o r .— 1 s t, g n . 5 s , g . l 9 2 9
S a n J o a q u i n B r . , 6 s ................... 1 9 0 0 '1 0 6 » *
G r a n d R a p . A I n d .— G e n . 5 s .. 1 9 2 4
■96
M o r t . g o l d 5 s ................................... 1 9 3 9
G . B . W . A S t . P . — 1 s t , c o n . 5 8 .1 9 1 1
45
B a n d g r a n t , 5 s , g ..........................1 9 0 0 1 0 0 * 4
2 d i n o . 4 s ............................................1 9 0 6
5
C a l. & O . D i v . , e x t . , g . 5 b . . . 1 9 1 8 '1 0 7
106>*
H o u s a t o n i c — C o n s , g o l d 5 s ___ 1 9 3 7
124
W e s t . P a o i t i o — B o n d s , 6 s ____1 8 9 9
N .H a v e n A D e r b y , C o n s .5 s ..l9 1 8 1 1 4 %
N o . R a i l w a y ( C a l .) — l e t , 6 s . 1 9 0 7
H ou b. A T . C — W a c o A N . 7 s . .1 9 0 3 1 3 0
5 0 - y e a r 5 s ..................................... 1 9 3 8
112
1 s t g . , 5 s ( i n t . g t d ) ......................1 9 3 7 1 1 1
O b e s . <fc 0 . — P u r . M . f u n d , 6 s . 1 8 9 8 1 0 7 H 1 0 8
10M
C o n s . g . 6 s ( i n t . g t d ) ................. 1 9 1 2 1 0 5
C r a i g V a l l e y — 1 s t , g . , 5 s ------ 1 9 4 0
*95
D e b e n t . 6 b, p r in . A in t . g t d .1 8 9 7
97
W a r m B p r. V a l., 1 s t , g . 5 s . .1 9 4 1
D e b e n t . 4 s , p r in . A in t . g t d .1 8 9 7
80
O n e s . O . & S o . W e s t .— 1 s t 6 s , g . 1 9 1 1
112
n i i n o i s C e n t r a l— 1 s t , g ., 4 s . . . 1 9 5 1
2 d , 6 s ...........................................
..1 9 1 1
O h. V .- G e n .o o n .ls t ,g u .g ,5 s .l9 3 8
1 s t . g o l d , 3 t a s .................................1 9 5 1
1 0 ‘> is
116
G o l d 4 a .............................................. 1 9 5 2 1 0 3
O h io a g o & A l t o n — S. F ., 6 b . . . .1 9 0 3
L o u is . & M o . R i v e r — 1 s t , 7 8 .1 9 0 0 1 1 1 %
C a i r o B r i d g e — 4 b ..........................1 9 5 0
............
S p r i n g ! . D i v . — C o u p . , 6 s ____1 8 9 8
103%
2 d , 7 s ................................................ 1 9 0 0 1 1 1 %
M i d d l e D i v . — R e g . , 5 s ............. 1 9 2 1
S t . L . J a c k s . & O h io .— 2 d , 7 s . 1 8 9 8 1 0 4
M i s s . R . B r i d g e — 1 s t , s . f . , 6 s . l 9 1 2 1 0 4 % __
C . S t . L . A N . O . — T e n . 1., 7 s . 1 8 9 7 1 0 3
104%
1 s t , c o n s o l . , 7 s ............................1 8 9 7 108
O h i o . B u r l . & N o r . — 1 s t , 5 s ------ 1 9 2 6
95
G o l d , 5 s , c o u p o n ..................... 1 9 5 1 121
D e b e n t u r e O s ................................... 1 8 9 6
O h io . B u r l i n g . & Q .— 5 s , s . f . . 1 9 0 1 1 0 4 %
M e m p , D i v . , 1 s t g . 4 s ......... 1 9 5 1
I o w a D i v . — S i n k , f u n d , 5 s . . 1 9 1 9 '1 0 6 %
C e d . F a lls A M in n .— 1 s t, 7 s . . 1 9 0 7
S i n k i n g f u n d , 4 s .................
1919
- 9 9 oe 9 9 % I n d . D . A S p r . — 1 s t 7 s , e x . o p . 1 9 0 6
89
I n d . I l l s . & T o w a .— l B t , g , 4 s . . 1 9 3 9
P l a i n , 4 b . ............................................ 1 9 2 1
C h ic a g o & I o w a D iv .— 5 8 . . . 1 9 0 5
1 s t , e x t . , g . 5 s .................................1 9 4 3
C h i c . ,V I n d i a n a C o a l — 1 s t 5 s . 1 9 3 6
i n t . A G . N ’ n .— 3 d , 4 s , g ............ 1 9 2 1
30
C h i . M i l. & S t . P . — 1 s t , 8 s , P . D . 1 8 9 8 1 0 9 % i i o “
K iu g s C o .- F .E l .,l s t ,5 ,g .,g u .A .1 9 2 9
81
2 d , 7 3 - 1 0 8 , P . D .......................... 1 8 9 8
L a k e E r ie A W e s t .— 2 d g ., 5 s . 1 9 4 1
105%
1 s t , 7 s , $ g . , R . D .......................... 1 9 0 2 1 2 4
L . 8 . A M . S o u . — B . A E . — N e w 7 s . '9 8 1 0 6 % 1 0 8
128%
1 s t , I . & M . , 7 s ...............................1 8 9 7 1 2 4
D e t . M . A T . — 1 s t , 7 s ................. 1 9 0 6
111
1 s t , I . &_ D . , 7 s ...............................1 8 9 9 1 2 4
L a k e S h o r e — D iv . b o n d s , 7 s . 1 8 9 9 1 0 8
1 s t ,C . A M . , 7 s ...............................1 9 0 3 1 2 4
K a l. A ll. A G . f t — 1 s t g u . 5 s .l9 3 8 1 1 4
1 st, I . & D . E x t e n s i o n , 7 s . -.1 9 0 8 1 2 8
133
119
M a lio n ’ g C o a l R R .— 1 s t, 5 8 .1 9 3 4
1 s t , L a C . & D a v . , 5 s .............. 1 9 1 9 1 0 8 % 1 1 0
L e h ig h V .,N .Y .— 1 s t g u .g .4 % s .l9 4 0 1 0 3 % 1 0 4
1 2 8 % L e h ig h V .T e r m .— 1 s t g u . 5 s ,g .l9 4 1
114%
1 s t , H . & D . , 7 s ............................ 1 9 1 0
108
L e h ig li V ’ y C o a l - l s t 5 s ,g u .g .l9 3 3
1 s t , H . & D . , 5 s ............................ 1 9 1 0 1 0 8
102 *4
119
O h io a g o & P a c i f i c D i v . , 6 s . . 1 9 1 0 1 1 8
L it c h f. C a r. A W e s t .— 1 s t 6 s . g .1 9 1 6
107
L it t le R o c k A M .— 1 s t, 5 s , g . . l 9 3 7
M i n e r a l P o i n t D i v . 5 s .............. 1 9 1 0
107
L o n g I s l a n d — 1 s t , 7 s .'................... 1 8 9 8 110 %
0 . & L . S u p . D i v . , 5 s ................ 1 9 2 1
F a r g o & S o u t h ., 6 s , A s b u . . . 1 9 2 4 * 1 1 4
F e r r y , 1 s t , g . , 4 % s ..................... 1 9 2 *
96
I n o . o o n v . s in k , fu n d , 5 s . .. .1 9 1 6 1 0 4
G o l d 4 s ................................................ 1 9 3 2
D a k o t a <fc Get. S o u t h . , 5 s . . . . 1 9 1 6
103%
107
N . Y . A R ’ w a y B .— 1 s t , g . 5 9 .1 9 2 7
M il. & N o r . m a i n l i n e — 6 s . - . 1 9 1 0 1 1 7
2 d m o r t g . , I n o ............................1 9 2 7
43
O h i o . & N o r w . — 3 0 - y e a r d e b . 5 8 . 1 9 2 1 lT 1 2
N . Y . A M a n . B e a c h . — 1 s t , 7 s , 1 8 9 7 103%
E s o a n a b a & L . S . 1 s t , 6 s ____ 1 9 0 1
N .Y .B .A M .B .— 1 s t c o n . 5 s ,g . 1 9 3 5
108
D e s M . & M in n .— 1 s t , 7 s . . . . 1 9 0 7 * 1 1 7 %
B r o o k r n & M o n t a u k — 1 s t , 6 s. 1 9 1 1
121
I o w a M i d l a n d — 1 s t , 8 s ............1 9 0 0
1 s t , 5 s .............................................. 1 9 1 1
N o . S h o r e B r .— 1 s t c o n .5 s ,g .l 9 3 2
104%
P e n in s u la — 1 s t , o o n v . , 7 s . . . 1 8 9 8
O h io . & M i l w a u k e e — 1 s t , 7 s . 1 8 9 8 1 0 9
L o u is .E v a n s .A S t . L .— C o n .5 s . 1 9 3 9
W i n . & S t . P — 2 d , 7 s ................. 1 9 0 7 * 1 2 8
L o u is . A N a s li.— C e c il. B r . 7 s . . 1 9 0 7
M U . & M a d . — 1 s t , 6 s ................ 1 9 0 5 * 1 1 2
E . H . A N a s h . — 1 s t 6 s , g ------ 1 9 1 9
113% 1 1 6
O tt. C . F . & S t. P .— 1 s t, 5 s . 1 9 0 9 1 0 8
P e n s a c o l a D i v i s i o n , 6 s ............1 9 2 0
N o r t h e r n I U .— 1 s t , 5 s ............1 9 1 0
S t. L o u is D iv is io n , 1 s t , 6 s . .. 1 9 2 1 1 2 4
109
M i l. L . S .& W .— C o n . d e b . , 5 s .l 9 0 7
A6 6
2d 3s
.
1980
M i c h . D i v . , 1 s t , 6 s ...................1 9 2 4 '1 2 6
N a s h v . & D e c a t u r — 1 s t , 7 8 . . 1 9 0 0 112
114
A s h la n d D iv is io n — 1 s t, 6 s 1 9 2 5 * 1 2 4
8
.
f
.
,
6
s
.
—
8
.
A
N
.
A
l
a
..................1
9
1
0
...........
O h .R .I .& P — D . M . & F . D . l s t 4 s . l 9 0 5
1 0 - 4 0 , g o l d , 6 s .............................. 1 9 2 4
l e t , 2 ^ 8 .......................................... 1 9 0 5
5 0 * y e a r 5 s , g . , .................................1 9 3 7
103%
E x t e n s i o n , 4 s ............................ 1 9 0 5
P e n s . A A t . - 1 s t , 6 s , g o l d . . . 1 9 2 1 102
K e o k u k & D e s M .— 1 s t, 5 s . .1 9 2 3 * 1 0 0
C o l l a t . t r u s t , 5 s , g ..................... 1 9 3 1
106
C h i c . S t. P . & M i n n .— 1 s t , 6 s . . . 1 9 1 8 1 3 2
133
N a s h .F lo r .& S .— 1 st, g u ., 5 s . 1 9 3 7
B t . P a u l & 8 . C .— 1 s t , 6 s ......... 1 9 1 9
90
K e n t u c k y C e n tr a l—4 s , g . ..1 9 8 7
1 2 a 1* 1 2 9
O h io . & W . I n d . — 1 s t , s . f . , 6 s . 1 9 1 9
L o u .N .A lb .& C h .— G e n .m .g .5 s .l9 4 0
77 %
79%
G e n e r a l m o r t g a g e , 6 s .............. 1 9 3 2
M e m p h is A C h a r i.— 6 s , g o l d .. 1 9 2 4
117
O ln H a m . & D . — C o n . s . f . , 7 8 . 1 9 0 5 * 1 1 7 * *
1 s t c o n . T e n n l i e n , 7 s .............. 1 9 1 5
S d , g o l d , 4 ^ 8 ...................................1 9 3 7 * 1 0 5
M e x i c a n C e n t. C o n s o l.— 4 s , g .1 9 1 1
C in . D . & I r ’n — 1 s t , g u . 5 s , g . 1 9 4 1 1 1 0
112
1 s t , c o n s , i n c o m e 3 s , g ........... 1 9 3 9
O le v . A k . & C o l.— E q . & 2 d 6 8 .1 9 3 0
M e x . I n t e r n a t io n a l— 1 s t, 4 s ,g . 1 9 4 2
C .C .C . & 8 t . L . , C a i r o d i v . — 4 s , 1 9 3 9
93
M e x i c a n N a t io n a l— 1 s t , g ., 6 s . 1 9 2 7
8 t .J L o u .D i v .— l s t o o l . t s ’ t 4 s , g . l 9 9 0
2 d , i n c o m e , 6 s , “ A ” ................... 1 9 1 7
9514
B p r in g .& C o l.D iv .— l s t ,g . 4 s . 1 9 4 0
2 d , i n c o m e , 6 s , “ B ” ................ 1 9 1 7
W h ite W .V a l.D iv .— 1 s t ,g . 4 s . 1 9 4 0
M i c h i g a n C e n t r a l — 6 s ................... 1 9 0 9
O in .W a b .& M .D iv .— 1 s t , g .4 s . 1 9 9 1
C o u p o n , 5 s ......... ............................... 1 9 3 1 1 1 7
95
O ln . I . S t . L . & C .— 1 s t , g . , 4 s . 1 9 3 6 100
1011 *
M o r t g a g e 4 s ..................................... 1 9 4 0 1 0 2
o o n s o l , 6 s ..........................................1 9 2 0 1 3 5
B a t .C .A S t r g is .— I s t ,3 s ,g .g u .l 9 8 9
C t n .S a n .& C l .— C o n . l s t , g . 5 s , 1 9 2 8
M i n n . A S t . L . — 1 s t , g . 7 s ............1 9 2 7
145
146
C . C o l. C in . & I n d .— 1 s t , 7 s , s . f . l 8 9 9
I o w a E x t e n s i o n , 1 s t , 7 s ......... 1 9 0 9
128% 132
112
C o n s o l , s i n k , f u n d , 7 s .............. 1 9 1 4
S o u t h w e s t E x t . — 1 s t , 7 s .........1 9 1 0
128% 132
C in . A S p r .— 1 s t ,C .C .C .& I .7 S . 1 9 0 1
115%
P a c i t i o E x t . — 1 s t , 6 s ................. 1 9 2 1 1 1 7 %
C l e v e . L o r a i n A VVh.— l e t , o s . 1 9 3 3 1 0 8
110
M o . K . A T e x . — 1 s t , e x t . , 5 s , g . 1 9 4 4 * __
95
C l e v e & M a h . V . — G o 'd . 5 s . . . l 9 3 8
M
o .K .A T .o f T e x . l s t , g u . 5 s . g .l 9 4 2
120
83
851*
D e l . L a c k . & W . — M o r t . 7 s ____ 1 9 0 7
135
K a n s a s C ity A P ., 1 s t ,4 s , g . . 1 9 9 0
76%
S y ra . B in g . & N . Y .— 1 st, 7 s. 1 9 0 6 1 2 5
D a l. & W a c o — 1 s t, 5 s , g u . . , . 1 9 4 0
88
M o r r i s & E s s e x — 1 s t , 7 s ____1 9 1 4
144
M is s o u r i P a c if i c — T r u s t 5 s .. .1 9 1 7
80
85
B o n d s , 7 s ....................................... 1 9 0 0 1 1 6
118
1 s t c o l l . , 5 s , g .................................1 9 2 0
75
79
7 s o f 1 8 7 1 ..................................... 1 9 0 1 1 1 7
S t L .A I . M .- A r k .B r ., 1 s t ,7 s . 1 8 9 5
105%
1 s t , c o n . , g u a r . , 7 s ................. 1 9 1 5 1 4 0
141
M o b ile & O h io — 1 s t e x t ., 6 s . .. 1 9 2 7 *
115
W a r r e n - 2 d , 7 s ............................ 1 9 0 0 1 1 6
S t . L . A C a i r o - 4 s , g u a r ......... 1 9 3 1
86
87
D.
A U . C a n . — P a . D i v . , c o u p . 71s 4. 13 9 1 7
M o r g a n ’ s L a . A T . — 1 s t , 6 s ___ 1 9 2 0 * 1 1 4
A lb a n y A S u sq — ls t ,g u .,7 s .l9 0 6
1 s t , 7 8 ...................
1918 124
125
i s t , c o n s . , g u a r . , 6 s ............. 1 9 0 6 1 1 7 1 * 1 1 8
N a s h . C h a t. A S t. L .— 2 d , 6 s . . 1 9 0 1
....
R e u s . A B a r. 1 s t , c o u p ., 7 s . l 9 2 1 * 1 4 2
N . O . A . N o . E . - P r . 1 ., g . , 6 s . . 1 9 1 5
D e n y . T r a m w a y — C o n s . 6 s, g .1 9 1 0
104
N . Y . C e n t r a l . — D e b . g . 4 s ____1 9 0 5
M e t r o p o l. K y .— ls t .g u . g .6 s ,1 9 1 1
N . J . J u n e — G u a r. 1 st, 4 s ... 1 9 8 6 1 0 1 % 105
D e n y . & K . G .— I m p . , g . , 5 s . . . 1 9 2 8
92
90
B e e c h C r e e k — 1 st, g o ld , 4 s . .1 9 3 6 *1 0 6
D e t .M . A M . — L . g . 3 *4 8 , s e r . A . 1 9 1 1
25
22
O sw . & R o m e — 2 d , 5 s, g .,g u .l9 1 5
O u rn th A I r o n R a n g e — 1 s t S s .1 9 3 7
U t i c a A B l. R i v ,— 4 s , g ., g u .1 9 2 2 10 4
E r i e — 1 s t , e x t e n d e d , 7 s .............. 1 8 9 7
N . Y . A P u t,.— 1 s t , g . , 4 a . g u . 1 9 9 3 1 0 2
107% 109
2 d , e x t e n d e d , 5 b ............................1 9 1 9 1 1 5
N . Y . E l e v a t e d — 1 s t , 7 s ..........................
....
1075s
3 1 , e x t e n d e d , 4 % s ....................... 1 9 2 3
N . Y . N . H . A H .— 1 s t, r e v . 4 s . 1 9 0 3
4 t h , e x t e n d e d , 5 s ..........................1 9 2 0
115
N . Y . A N o r th e rn — 1 st, g . 5 s ..1 9 2 7
5 s h , e x t e n d e d , 4 s ..........................1 9 2 8 102
N . Y . S u s q . A W e s t.— 2 d , 4 % s . l 9 3 7
‘V O "
8 5 ""
1 st, c o n . , g . , f ’ d , 7 s ....................1 9 2 0
142
G e n . m o r t . , 5 s , g ....................... 1 9 4 0
*82
86
K e o r g . , 1 s t l i e n , 6 s ......................1 9 0 8 1 1 3 1 *
W i l k . A E a s t . — 1 s t , g t d . , g .5 s . 1 9 4 2
93%
95
r>. N . Y . & E . — 1 s t , 7 s .............. 1 9 1 6
N o r th e rn P a c .— D iv id ’ d s c r ip e x t .
137
571*
K .Y .L .E .& W .— F n d . o o u . 5 S .I 9 6 9
80
*78
J a m e s R i v e r V a l .— 1 s t , O s ... 1 9 3 6
C o l . t r u s t . , 6 s ................................ 1 9 2 2 1 0 5
S p o k a n e A P a l . — 1 s t , 6 s ......... 1 9 3 6
77
l u f f . A S . W .— M o r t g . 6 s ____1 9 0 8
S t .P a u l A N . P .— G e n ., 6 s . .1 9 2 3
123
i e f l e r s o n — 1 s t , g u . c , o s ____1 9 0 9
1 0 3 >*
10
H e l e n a A R e d M ’ n — 1 s t ,g ., 6 s . 1 9 3 7
C o a l A R R . — 6 s ...............................1 9 2 2
D u lu t h & M a n ito b a — ls L ,g .6 s l9 3 6
78
D o o k A l u i p t .,l B t 6 s , c u r ’ o y .1 9 1 3
D u l.A M a n D a k .D i v .— I s t 6 s . l 9 3 7
78
E 'a n a . A T . H . — 1 s t , c o n s . , 6 s . . 1 9 2 1 1101*
C (B u r d ’ A l e n e — 1 s t , 6 s , g o l d . l 9 1 6
. s t , g e n e r a l , g . , 5 s ......................1 9 4 2
G e n . 1 s t , g . , 6 s ............................ 1 9 3 8
M t . V e r n o n 1 s t 6 s ......................1 9 2 3
60
30
C e n t. W a s h in g t o n — 1 s t ,g .,6 s .l9 3 8
S u l. C o . B r . 1 s t , g . , 5 b ..............1 9 3 0
N o r fo lk A S o u th ’ n — 1 st, 5 s ,g . 1 94 1
105
E v a n s . A I n d ia n .— 1 st, c o n s . .1 9 2 6
121
N o r f o l k A W e s t .— G e n e r a l, 6 s . 1 9 3 1
F li n t A P . M a r a .— M o r t ., 6 s . . . 1 9 2 0 1 16 1* 1 1 8
N e w R i v e r 1 s t , 6 s ........................1 9 3 2
118
■ s i, o o n . g o l d -, 5 s ........................1 9 3 9
96
91
I m p . A E x t . , 6 s .............................. 1 9 3 4

*91

115

95%

loo

112*4

37%

ioa%

110

llOia

142>*

10Ik»

10714

110

S E C U R IT IE S

B id .

A

bu.

N o r f .A W .— A -d iu s t m e n t M ., 7 e l 9 2 4
E q u i p m e n t , 5 s ............................... 1 9 0 8
‘ 75
C l i n c h V a l . 1 s t 5 a ....................... 1 9 5 7
05
R o a n o k e A 8 o .— 1 s t, g u . 5 s , g .1 9 2 2
S c i o t o V a l. A N . E .— 1 s t , 4 s ,. 1 9 9 0
84"
106%
O h i o A M i s s — C o n s o l . 7 s ........... 1 8 9 8
2 d c o n s o l . 7 s ................................. 1 9 1 1
119
S p r i n g . D i v . — 1 s t 7 s .....................1 9 0 5
G e n e r a l 5 s ..........................................1 9 3 2
O h i o R i v e r R R . — 1 s t , 5 s ..............1 9 3 6
104
G e n , g . , 5 s .......................................... 1 9 3 "
50
O m a h a A S t. L o u is .— 1 s t, 4 s . . 1 9 3 7
O r e g o n A C a lilo r .— 1 s t, 5 s , g .1 9 2 7
89
O r e g . R y A N a v . — C o l . t r . g .. 5 s . 1 9 1 9
P e n n - P .C .C . A S t . L . C n . g . 4 % s A 1 9 4 0
Do
do
S e r i e s B ............
P . C . A S . L . - l s t , 0 . , 7 8 .....................1 9 0 '
P itts . F t. W . A C — 1 s t, 7 8 ... 1 9 1 2
2 d , 7 s .............................................. 1 9 1 2
3 d , 7 s .................................................1 9 1 2
C h .S t .L .A P .— 1 s t ,c o n . 5 s , g .. . 1 9 3 2
115
C i e v . A P . — C o n s ., 8. f d . , 7 8 . 1 9 0 0
119
118
G e n . 4 % s , g ., “ A
................. 1 9 4 2
8 t . L .V . A T . H . - l s t , 6 s . , 7 8 .1 8 9 7 * 1 0 5 % 1 0 5 %
2 d , 7 s .................................................1 8 9 8
2 d , g u a r . , 7 s .................................1 8 9 8
G d . R . A I .E x t .— le t ,4 % s ,G .g . 1941
P e o .A E .-I n d .B .A W .-ls t ,p f .7 s .l9 0 0
111
O h io I n d .A W .— ls t p r e f .5 8 ..1 9 3 H
P e o r i a A P e k . U n i o n — 1 s t , 6 s .1 9 2 1
2 d m o r t g . , 4 % s ..............................1 9 2 1
69%
75
P it t s . C le v e . A T o l.— 1 s t, 6 s . .. 1 9 2 2
P it t s . A L . E r .— 2 d g . 5 s , “ A ” . 1 9 2 8
P i t t s . M e . K . A Y . — 1 s t 6 s ------- 1 9 3 2
124
P i t t s . P a i n s v . A F .— 1 s t , 5 s . . . 1 9 1 6
P it t s . S h e n . A L .E .— 1 s t ,g .,5 s . 1 9 4 0
84“
85
1 s t c o n s o l . 5 s .................................. 1 9 4 3
P it t s . A W e s t . — M . 5 s , g . 1 8 9 1 - 1 9 4 1
P it t 8 .Y ’g s t ’ n A A .— 1 s t , 5 s ,c o n . 1 9 2 7
R io G r a n d e S o .— 1 s t, g ., 5 s . . . 1 9 4 0
S t . J o s . A G r . I s . — 2 d i n c ............1 9 2 5
K a n . C . A O m a h a — 1 st, 5 s . . 1 9 2 7
35
S t. L . A . A T . H . - T e r m . 5 s . . 1 9 14 1 0 5
107%
B e l l e v . A S o . I U .— 1 s t , 8 s . . . x 8 9 o
102% '
B e l l e v . A C a r . — 1 s t , 6 s .............1 9 2 3
105
C h i.S t .L .A P a d .— 1 s t ,g d .g .5 s 1 9 1 7
B t. L o u i s S o . — 1 s t , g o . g . 4 s . 1 9 3 1
80
do
2 d in c o m e ,5 s . 1 9 3 1
70
C a r . A S h a w t . — 1 s t g . 4 s ____ 1 9 3 2
80
S t . L . A 8 . F . — 2 d 6 s , g . , c l . A . 1 9 0 6 *112
1931
G e n e r a l 5 s ..........................
97
99
1 s t , t r u s t , g o l d , 5 s .................... 1 9 8 7
'8 0 %
83%
K a n . C ity A 8 .— 1 s t, 6 s , g . . . l 9 1 6
F t. S. A V . B . B g . - 1 s t , 6 s . .. 1 9 1 0
100
K a n s a s M i d l a n d — 1 s t , 4 s , g .1 9 3 7
S t. P a u l C ity R y , c o n . 5 s , g . . . 1 9 3 7
G o l d 5 s , g u a r ................................. 1 9 3 7
8 t . P a u l A D u l u t h — 1 s t , 5 s ____1 9 3 J
110
2 d m o r t g a g e 5 s .............................. 1 9 1 7
103%
S t . P a u l M i n n A M .— 1 s t , 7 s . . 1 9 0 9
112
109
2 d m o r t . , 6 s .......................................1 9 0 9
117
M i n n e a p . U n i o n — 1 s t , 6 s ____1 9 2 2
1 2 6 ""
M o n t . C fen .— 1 s t , g u a r . , 6 s . . 1 9 3 7
119%
1 s t g u a r . g . 5 s .............................1 9 3 7
1 5
E a s t . M in n ., 1 s t d iv . 1 s t 5 s . 1 9 0 a
62
62%
W ilm a r A S io u x F .— 1 s t, g ,5 s .l 9 3 S a n F r a n . A N . P .— 1 s t , g ., 5 s .1 9 1 9
S o u t h e r n — A la . C e n t ., 1 s t 6 s . 1 9 1 8
A t l. A C h a r .— 1 s t , p r e f ., 7 s . . 1 8 9 '
I n c o m e , 6 s .................................. 1 9 0 0
C o lu m . A G r e e n .— 1 s t, 5 - 6 8 .1 9 1 6
115
E . i 'e n n . V . A G a . - D i v i 8 . 5 s 1 9 3 0
115
R ic h .A D a n .— E q . s. f. g . 5 s . 1 9 0 9
D e b e n . 5 s , s t a m p e d ............1 9 2 7 , 100
V i r ’ a M id .— S e r ia l s e r .A , 6 s . 1 9 0 6
S e r i e s B , 6 s ................................... 1 9 1 1
S e r i e s C , 6 s ................................... 1 9 1 6
S e r i e s D , 4 - 5 s .............................1 9 2 1
S e r i e s F , 5 s ................................... 1 9 3 1
W a s h .O . A W .— 1 s t o u r .g u .4 s .1 9 2 4
115%
T e r . R R . A s ’ n o f S t. L .—
1 s t , 4 % s ........................... . . . . . . . 1 9 3 9 T 0 8
1 s t , c o n . g . 5 s ....................1 8 9 4 - 1 9 4 1
102
103%
S t .L .M e r .B r . r e r m ., g . o s , g u .. l 9 3 o
103%
T e x a s A N e w O r le a n s — ls i ,7 s . 1 9 0 5
S a b i n e D i v i s i o n , 1 s t , 6 s ......... 1 9 1 *
C o n s o l . 5 s , g .....................................1 9 4 3
T e x . A P a c ., E . D .— 1 s t , g . 6 8 .1 9 0 5
T h ir d A v e n u e (N .Y ).— l e t 5 s , 1 9 3 7
121
122 %
T o l . A . A . A C a d . — 6 s .....................1 9 1 7
77
T o le d o A . A . A G ’ d T r .— g . 6 s .l9 2 1
92
T o l . A . A . A M t . P L — 6 s ..............1 9 1 9
76
T o l . A . A . A N . M . — 5 s , g ............1 9 4 0
T .A O .O .— K a n . A M . , M o r t . 4 s . l 9 9 0
T o l.P . A W .— 1 s t 4 s ,in e .f ’ d .c o u . J u ly
80
81%
U ls te r A D e l.— 1 st, c o n .,6 .,5 s .l9 2 o
105
U n i o n P a c i f i c — 1 s t , 6 s ..................1 8 9 6
108% 109
1 s t , 6 s ....................................................1 8 9 7
108% 109
1 s t , 6 s ...................................................1 8 9 9 1 0 9 %
C o l l a t e r a l T r u s t , 6 s ....................1 9 0 8
96
C o l l a t e r a l T r u s t , 5 s ................... 1 9 0 7
79
K a n s a a P a c ific — 1 s t 6 s, g _ ..1 8 9 5
109
1 s t , 6 s , g ......................................... 1 8 9 6
110
111
C . B r . U P - F . 0 . , 7 s ..............1 8 9 5
A t c h . C o l. A P a c .— 1 s t, 6 s . .. 1 9 0 5
43
44
A t c h . J . C o . A W .— 1 s t , 6 s . . . 1 9 0 5
40
U . P . L in . A C o l .— 1 s t , g ., 5 s . 1 9 1 8
*42
O r e g .S .L .A U .N .,c o l.t r s t .,5 s .l9 I 9
U t a h A N o r t h . — 1 s t , 7 s ........... 1 9 0 8
G o l d , 5 s ........................................... 1 9 2 6
*90
U t a h S o u t h e r n — G e n ., 7e ..1 9 0 9
*50
E x t e r n , 1 s t , 7 s . . „ ................... 1 9 0 9
*50
V a l l e y R ’ y C o . o f O .— C o n . 6 s . 1 9 2 1
\U
aVl_—

sir

1
11%
111*4

ld f”
1Ll %

110*

so"

100
100

lOO"

i’0’6"

8I"

D e b e n t u r e , S e r . A ......................1 9 3 9
D e b e n t u r e , S e r i e s B ................ 1 9 3 9
D e t. A C h ic . E x t . 1 s t, 5 s, g .,1 9 4 0
St L ..K .C .A N .— S t C . B d g e 6 s . l 9 0 8
W e s t N .Y .A P a .,g e n .g . 2 -3 -4 8 ,1 9 4 3
I n c o m e 5 s .......................................... 1 9 4 3
W e a l. V a . C . A P it t s .— 1 s t , 6 8 - 1 9 1 1
W h e e l.A L .E .— 1 st. 5 s , g o l d . . . 1 9 2 6
E x t e n s i o n A I m p , g . , 5 s ......... 1 9 3 0
W i s . C e n t , i n c o m e 5 s . ............... 1 9 3 7

35
98%
107
50
48
19%
18%
109
1112
'1 0 3 % l u 4 %
' ............I 9 2 %

12

1......

*No price Friday; these arecne latest quotations made this week, tfor ittiaoeUaueoa* s a d U nlisted B o n d s .—See 3d page preoediugj

THE CHRONICLE.

OcroBEB 13, 1895.]

Investment

055
“L a te s t G ro ss E a r n i n g s .

R

W e ek o rM o \

1895.

Am>

EARNINGS.

The following table shows the g r o s s earnings o f United
States railroads (and a l s o a few Mexican and Canadian roads)
for the latest period reported. The statement includes every
i t E A S road f r o m
which regular weekly or monthly returns
can be obtained. The first two columns o f figures give the
gross earnings for the latest week or month, and the last two
colamns the earnings for the calendar year f r o m January 1 to
and including such latest week or month.
T he r e t u r n s o f th e s tr e e t r a ilw a y s a r e n o t in clu d ed in th is
ta b le , b u t a r e b r o u g h t to g e th e r s e p a r a te ly o n a su b seq u en t p a g e .
L a t e s t G ro ss E a r n i n g s ,
R

J a n . 1 to L a te s t D a te .

oads

W e ek o r M o

1895.

1 8 9 -1 .

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1895.

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C h i c . P e o . A h t . L ____________
2 6 ,7 7 4
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«,312
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44,076
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l ,4 2 2
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13,729
12,034
473,136
479.620
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82.000
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.
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S M on ta n a C en t.
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738,152
8,000
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330,453
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332,097
8,000
120,000 4,989,337 4,646,702
2 8 ,-5 0 5
199,838
185,640
82,820
73.090
5117.348
808.106
17.155
495,080
430,490
18.587
351.280 351.203 10,•282.701* 9,260.836
178,425 171.7*1 1,260,417 1,012,564
33,935
32.366 1,06-4,691
910,1198
45,272
498,999
490,275
88 5»4
2 h*.935 279.674 1*830.322 1,941.830
25,742
39,082
077,129
581,393
1.400
3,100
14.U20
10,059
318
753
3,t«?3
5,035
01,010
538/200
85,925
503.739
158.3O0 150.100 5,323.501 4,921,240
22.989
26.627
853,548
794,965
34.225
172.609
20U.558
21,102
48.895)
68/210 1,327,31*1) 1,276,039
90.099
97,087
800,068
750,286
5,363
33,053
6,173
30.157
212,225
7.590
8,402
208,880
2,355
77.616
2,927
80.144
28.68.1
29,031
810.715)
7*0,008
658.117 660,680 4,732,061! 4 ,4 3 1 ,U 4
61,176
55.099 1,850.040; 1,792.413
73,629, 113.731!
13.482
261,175
210,921
885
0.5O4|
4,028
50O
37,352.
897,323
340171
8«5.'2'2*i
i 0 ,m t
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10,781
53.439
429.801
50,008 i 426,191
596.021
07,209
033,577
64,956!
5 J,095
f>7.35«! i„5S5,:;ot> 1,414,690
12.094
330,045
12,421
303,269
>845
928
33,905
30,325
2JL0578,503
91 ,3811
3,069!
71,367 2.010.K1:' 1,832,846
408,433; 417,771 13.520,842 13.53 ,0 U
55^506
53,389 1,964,274) 1,968,593
23,561
717,127
718,7o9
25,181

1.758,418 1,473,171|
11*7,792! 101,901!
137.650 101.327
2,093,858 1,676,602
2,840
3,335
4,192
5.413?
12,700
11,974
10JOO
11,499
.898,228 t.585.200

1894.

1895.

1894.

$

Railroad Intelligence.
RAILROAD

J a n . 1 to L a t e s t D a te.

o ads.

9,385.061 j 7,826,391
750,541
092,78-1
l,lli»,233| 1,080.135
l,477,«82 9.607.O67
29,336
29.211
2 7,035
33.073
293,'*55
405.174!
73,100
-0 ,295
4.0“ 5.93**1 2,910.000

S
$
I n d . D e o .& W e s t . 4 t h w k S e p .
1 2 ,4 2 6
1 1 ,3 3 9
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In d . 01.
I o w a . J u l y _______
5 6 ,0 6 6
1 3 8 .1 9 7
8 2 .2 5 1
4 1 0 ,1 8 5
I n . & G t. N o r th ’ c 1 st w k O ct.
9 7 ,0 1 4
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2 ,3 7 8 ,3 2 5
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i l n t e r o o . ( M e x . / W k S e p . “2 1
3 8 ,0 2 3
3 8 .8 0 4
1 ,6 5 2 . 3 9 5
1 .7 2 1 6 3 1
I o w a C e n t r a l—
1 st w k O ct.
4 6 ,3 1 2
3 5 ,9 9 7
1 .2 0 5 .0 0 3
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4 ,1 5 0
3 ,6 1 5
3 6 ,8 7 8
2 9 ,6 b 5
j a c k . T . & K . W . A u g u s t ____
2 1 ,2 2 3
3 5 ,4 2 7
2 8 7 ,1 7 3
5 4 5 .9 0 1
J a m e s t ’ n & L . E . J u l y ..............
3 .9 4 8
4 ,4 6 3
2 2 .9 6 9
2 3 ,8 7 3
K a a a w h a & M ie L 1 s t w k O ct.
8 ,6 1 4
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9 9 ,8 0 7
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2 4 .6 2 7
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7 2 7 ,1 6 0
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20,012
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2 1 1 ,3 4 1
K a n . C . & B e a t . S e p t e u i h ’ r.
392
1 ,4 9 5
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6 .3 8 3
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4 0 7 .9 0 4
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3 ,1 9 3 ,7 7 7
3 ,1 8 9 ,6 1 2
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9 ,9 8 1
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3 3 .4 3 3
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4 8 0 .1 6 8
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1 1 ,i 39
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8 .1 6 4
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1 0 4 .2 9 7
5 5 ,7 3 8
M e m p lii3 * k O ila a . 3 d w k S e p t
28.2591
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8 5 5 ,5 5 6
I M e x ic a u G e n t .. 1 st w k o o t .
1 4 9 .1 7 2
1 8 9 .8 1 9
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6 ,3 5 2 ,2 9 5
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1 .7 0 4 ,9 5 9
1 5 7 .1 0 0
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3 ,3 0 5 ,7 8 1
8 6 ,2 7 1
3 ,2 0 2 .0 7 5
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6 4 ,3 1 5
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1 1 6 ,5 0 8
t M e x i c a n R ’ w a y W k S e p . 21
4 3 .6 5 1
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7 ,9 1 0
S .8 9 4
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T ex
1 st w k O et.
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M o .P a o .A lr o u M t a t w k O ct.
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12.000
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5 0 3 ,0 0 0 ; 4 6 1 .0 0 0 1 6 ,9 4 6 ,2 1 1 1 6 ,5 4 0 ,1 9 3
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M o b i l e & O h i o . . S e p t e m b ’ r.
2 7 1 ,8 4 3
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M o o L & M e x .G l f . S e p t e i u b ’ r .
1 0 8 ,0 0 0
9 16 , 3 8 *
8 1 ,0 1 3 * 0 8 .6 0 7
N aah.C h.A Bt. l , A u g u st___ j 4 0 9 , 8 0 3
3 9 2 ,6 5 2
3 ,0 2 1 , 5 0 1 , 2 , 9 9 1 , 8 6 5
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2 ,1 1 2
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1 6 ,5 3 3
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S . Y . J L . E . A W . J u l y ..............2 , 3 2 3 , 1 0 7 2 , 0 7 7 , 1 2 5 1 1 , 6 9 3 , 7 9 7 1 3 , 7 6 1 , 1 9 2
N . Y . P a . A O h l o . J u n e ...........
3 1 3 1 , 7 9 7 ' •>, 0 5 2 , 0 2 3
5 7 9 ,3 0 2
4 5 1 ,8 5 0
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2 ,7 7 8 ,7 1 0
7 2 ,6 8 5
6 5 ,6 3 7
2 ,8 6 9 ,7 6 7
t i . Y . s n » a - A W . . A u g u s t ____
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1 5 0 ,9 9 9
1 ,2 0 6 ,8 1 6
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7 ,0 1 3 ,1 9 6
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5 9 6 .7 2 4
4 .1 2 0 .2 6 8
3 ,7 9 3 ,7 8 9
N u r t h 'l l P n c i n c . U h w k S e p .
6 3 8 . 0 9 1 : 6 5 9 . 6 7 ■1 2 , 6 4 9 , 3 5
1 1 ,1 3 9 ,2 0 8
O o o n e e A W e s t . A u g u s t ____
2 .3 2 1
1 6 ,3 0 <
2 ,7 5 3 !
1 9 ,9 6 2
O h i o R i v e r ............1 t h w k B e n .i
2 0 ,2 3 6 )
I S .S 9 4
6 0 6 .4 2 4
5 1 1 ,5 9 1
O h i o Klv'.vV C h n * S e p t e m b T .
1 3 1 .2 3 0
1 3 .2 0 2
1 1 7 ,7 4 7
O h io S o u t h e r n , i l t l i w k S e p ,
2 1 ,3 5 3
2 1 .0 3 0
5 2 2 .8 3 4 ;
1 9 4 ,3 3 1
O iu m b a A S t . L . . i M a r c h .........
6 7 ,3 3 0 |
*2 3 ,3 0 1
3 7 .7 3 8 S
1 2 1 ,2 8 5
O re g o n Im p . C o. A u g u s t .. . .
3 5 1 .2 1 8
2 ,1 3 9 ,4 2 8
2 .5 3 7 ,4 0 2
I 'a o i t t o 51 n i l . . . . - A u g u s t ____
3 1 7 ,4 5 5 ;
3 1 8 .1 7 0
2 .9 5 4 ,5 5 8
2 ,5 6 1 ,4 6 1
P e n n s y lv a n ia .. . A u g u s t . . . . 6 ,0 8 5 ,9 6 1 5 ,7 3 9 .0 5 5 4 1 .0 6 0 .1 3 4 3 6 ,7 4 6 .5 5 8
P e o r la fie e .A E v . l s t w k O e t.
1 7 .1 1 2
' 1 6 .3 6 o !
6 8 1 ,3 1 0
615 524
P e t e n h u r g . ......... A u g u s t _____
1 5 ,9 1 7
3 9 ,9 5 3
3 6 2 ,0 6 1
3 0 0 ,7 7 6
P h lla . A E r i e . . . A u g u s t . . . . .
4 5 2 .4 1 6
1 2 2 ,3 9 0
2 .6 * 5 ,7 1 5
2 ,1 9 4 .8 5 5
P h i l a . A R e a d 's - . ; A u g u s t . . . , ; 1 ,9 0 0 , 1 1 7 1 , 7 8 3 , 6 « 6 | 1 3 , 5 2 5 , 1 3 7 1 2 , 8 7 2 , 2 3 2
C o a l A i r . C o . . . A u g u s t . . . . 1 ,9 6 0 .1 1 0 1 ,5 8 9 .3 8 6
1 .3 0 2 ,3 7 4 1 3 ,1 5 5 ,0 0 8
T o t a l b o t h C o s . A u g u s t . . . 3 ,8 6 6 ,5 5 7 3 ,8 7 3 .0 5 2 2 7 ,8 2 7 ,5 1 1 2 6 .3 2 7 ,3 3 0
P l t t s . M a r . A C h ; S e p t e i n b 'r .
3 ,7 5 0 ; ’
3 .6 6 6
’ 3 1 .6 4 1
2 1 .7 3 7
P m . 8 h e a . A U E . 1 th w k S e p . !
1 5 ,4 5 2 1
1 5 ,8 4 0
4 5 2 .9 7 5
3 2 9 ,1 1 2
P lt t e b . A W e s t , i t h w k S e p .
5 0 .0 2 9
4 1 ,6 3 6 1 .2 6 1 ,2 0 1
1 ,0 0 1 ,9 7 6
P l t t s . C l . A T o i 1 th w k S e p .
2 4 ,7 8 1
1 9 ,0 7 0
6 3 2 ,8 5 1
1 6 1 .9 3 1
P lM a .P u .A F . H h W kSep.
1 0 ,4 9 2
1 0 ,6 0 8
2 6 1 .0 3 4
2 3 0 ,8 5 7
T o ta l s y s t e m ..ila t w k O c t .
6 4 ,8 7 4
6 6 ,0 0 1 2 ,2 5 5 .1 0 3
1 ,8 0 0 ,7 6 7
P it t .Y o u n g .A A . A u g u s t . . .
2 1 6 ,2 9 2
1 3 4 , 7 3 0 1 ,1 0 7 , 7 9 1
7 0 2 ,1 8 5
Q u i n c y O . A K A S e p t e m h 'r .
2 5 .6 0 5
2 1 ,0 5 3
190 591
1 7 4 ,1 2 2
R l e h .F V k s b .A P . A u g u s t . . . .
5 1 ,9 3 8
5 2 .6 1 7
1 9 6 ,5 4 1
1 7 0 ,0 3 2
R i c h . A P e t e r s b . A u g u s t ____
2 9 ,8 3 1
2 7 .0 2 2
2 2 6 ,6 7 6
2 2 4 ,5 1 4
R i o O r . S o u t h 'n ! t t h w k S e p .
1 1 ,7 3 8
1 1 ,0 5 9
3 0 1 ,4 6 2
2 6 6 ,9 0 0
R to G r. W e st’ n.
1 st w k G e t .)
0 0 .6 0 0
1 4 ,0 5 0
1 ,7 6 9 .1 0 2
1 ,5 0 8 ,8 8 6
S f t g . T u a o o i a A H . S e p l c m b 'r .
1 1 .3 7 3
1 0 .9 5 1
8 5 .3 0 1
8 8 ,7 1 9
S a g .V a l. * 8 t . 1. !A u g u s t — )
7 ,1 6 0
7 .8 6 8
5 5 .8 1 0
5 6 ,6 0 4
S t L . A . A T . H . 1 th w k S e p .
3 1 .5 6 1
3 8 ,0 0 0
9 4 7 ,* 8 5
9 6 4 ,s 5 8
a t .I ,.K e u '« t A a o . jS o p le i n l ir ,
3 .5 1 6
2 429
2 8 .2 2 3
1 9 .3 7 7
8 t . E . 8 o u t h w 'r n , ) l s t w k O u t .
1 2 6 ,5 0 0
1 2 5 .3 0 0 3 ,5 1 0 .3 8
3 ,1 5 8 .0 4 1
9 t . P a i i l A D t 6 't h S e p t e m h 'r .
1 6 2 ,3 6 0
1 1 7 .8 ;5
1 ,0 6 1 .9 7 2
1 ,0 4 5 ,2 6 5
1 5 6 .6 7 3
1 0 5 ,8 8 1
1 ,1 7 2 ,7 3 6
S a n A n t . A A . P . A u g u s t -----9 6 1 ,3 4 7
a .F r a n .A N .P * c . lU i w k S e p .
2 8 ,0 7 5
3 0 ,4 8 8
6 1 2 ,1 5 7
6 1 8 ,4 2 9
S v v . F i a . A W e s t J u l y ..............
2 8 5 .5 1 9
2 5 9 . < 37 1 ,9 * 9 ,2 9 1
2 ,8 0 4 ,8 9 8
8 lie r .s e r e v . A Bo Ith w k S e p .
1 1 ,2 7 3
1 1 .7 1 8
2 2 5 ,1 7 1
1 9 3 .2 8 9
S t l v e n o n ................S c p t C O l b 'r .
9 ,5 0 0
4 ,0 0 0
4 6 ,4 4 3
3 2 ,9 3 6
8 o . I 'a c ilS e C o , — i
G a L H a r . A 8 . A J u l y ..............
2 ,1 9 1 ,5 9 6
3 4 2 .7 5 9
3 0 1 .3 1 9
2 ,5 3 2 ,2 6 3
6 3 ,3 1 0
6 4 ,3 5 0
6 0 5 ,* t > 7
L o u i s 's W e a r
J u l y ..............
5 1 5 ,8 4 4
k f o r g a n ' s L & T . J u l y ..............I 3 4 2 . 8 2 7
3 8 8 ,7 1 *
3 ,1 5 6 .1 1 8
3 ,0 1 7 ,2 2 3
N > ’ 'S'. A M e x . J u l y .............. ! 1 0 . 6 8 2
1 6 ,2 7 8
1 2 8 ,4 8 2
1 2 2 ,3 5 5
T a x . A N . o n . . J u l y ..............
8 3 9 ,1 2 7
1 1 4 ,8 9 9
1 0 4 .3 8 2
91 * ,7 4 *
A l l a n t t o s y s . * . ; A u g u s t ____j l , 0 5 3 , 4 7 2 1 0 0 7 ,3 7 -1
8 5 2 3 .7 3 8
7 .4 5 1 8 6 0
P a c l l t o s y s t e m A u g u s t _____3 , 0 8 3 , 2 6 6 3 , 1 2 6 9 9 7 - 2 0 , 7 1 3 . 6 5 0 1 9 .8 1 1 5 1 6
T o t a l o f a l l . . - A u g u s t . . . . ! ! , 1 3 0 .7 3 8 1 ,1 3 4 .3 7 1 - 2 9 ,2 3 7 3 8 8 2 7 ,5 6 3 ,3 8 2
3 ,0 5 6 ,1 0 6
A t m i a t e i ! l i n e s ) A u g u s t ____
4 3 8 ,8 8 3 !
4 5 8 ,5 i 0 - 3 ,1 3 9 ,3 3 G r a n d t o t a l . A u g u s t ____1 4 , 6 7 5 , 1 2 1 4 , 5 9 2 , 9 1 0 3 2 , 6 7 6 , 7 2 7 3 0 , 6 1 9 , 4 8 8
S o . P a a . o f G a llJ u l y . . .
507 010' 5,721,632 5 , 0 2 8 , 3 8 0
9 1 7 ,9 7 8
s o . P a o . o f A r i a !J u l y ..............
118,130 1,276,433 1 , 1 1 7 , 1 1 0
1 5 0 ,1 9 0
5 1 0 ,5 0 2
S o . P a o . o r N . M J u l y ..............
54,785
608,328
N o r t h o r n B y . . J u l y ..............
1 8 9 ,1 3 2
101,0121 1,037,321 1 , 1 3 9 , 9 9 9
S o u th e rn B y . .. 1 st w k O et.
384,519 13,146,151 1 3 , 1 6 2 . 5 8 4
4 1 9 .2 4 8
S t i i t e n 1st. K . T . J u l y ..............
6 1 8 ,5 8 4
1 5 5 ,9 6 7
6 5 7 ,1 9 7
1 5 1 .0 0 7
2 2 ,2 7 8
S t o o y l J l . A C M t . . J u l y ..............
9 ,5 0 3
9 ,3 8 o
2 1 ,5 6 8
1
,3
8
4
S t u t . A A r k . B l v . A p r i l ...........
929
Summit B r a n c h . ) A u g u s t ____
7 9 ,8 5 2
7 5 8 ,6 5 1
5 9 3 ,2 3 5
6 7 ,6 8 1
L y k . Y u l. C o a l A u g u s t —
5 2 3 ,4 3 8
5 5 ,5 8 7
5 5 ,5 1 0
1 4 7 .8 4 8
1 3 5 13!)
1 ,1 1 6 .6 7 3
T o t '! b o t h <;<)> - A u g u s t ____
1 2 3 221
1 ,2 0 6 ,1 9 9
4
,
6
5
7
,
0
5
0
4
,
7
3 8 ,4 0 8
T e x a s A P a o lB o it s t w k O c t ,
1 6 5 ,5 4 7
1 9 8 ,5 0 1
T e x . 8 . V a l A N W S o p t e m b 'r .
3 .8 5 7
3 0 ,7 0 9
3 ,3 9 0
2 8 ,9 9
8
0 s ,3 2 3
T o l .A .A .A N o .M . 1 s t w k O c t .
2 5 ,8 7 0
8 4 2 .5 7 1
2 2 ,8 5 8
1 ,2 8 6 ,0 2 6
1 9 ,0 5 9
6 0 ,4 9 0
1 .3 0 7 .2 5 7
T o l-A O h lo C e n t . Ith w k S e p .
0
4
8 .2 8 4
T o l. P . A W e s t . . 4 t h w k S e p .
2 2 .0 7 5
7 1 7 .1 1
2 5 ,1 1 4
1 ,1 3 1 ,5 8 9
5 5 ,0 1 0
1 ,3 2 3 ,7 1 9
1 7 ,2 6 9
T o l.B t .L .A K .0 . i t h w k s e p .
U l s t e r A D e l ____ J u l y ..............
2
2
4
,1 0 4
5 1 ,2 4 1
2 1 9 ,9 0 7
4 9 ,2 0 8
U n io n P a c i f i c —
7
,
6
0
6
,
5
2
1
7
.
7
2
7
.
653
T in . P a e . R R . .
,0 9 4 ,3 7 0
1 ,1 9 2 , 5 0 8
4 9 9 .2 0 6
3 2 6 .4 1 9
2 ,8 1 9 ,3 7 0 2 ,6 5 6 ,8 6 1
O r . B . J L . A U . N J u l y .........
3
1
5
,
3
2
1
4 3 .2 6 5
5 5 ,5 3 3
1 0 1 .0 1 6
8 L J o 8 . A G d . l s . J u l y ..............
5 012
K a n . C . A O m . J u l y ..............
8 .4 4 4
3 6 ,6 7 1
7 3 .8 7 3

21-> 'I.,0
871456

30H

0

____ _

____

7,711,792

14,916

291.531

80,024

July........

THE

656
Latest Gross Earnings.
B o itis

Weekor Mo

1895.

1894.

Jan.

1

CHRONKJI E,

to Latest Date.

* F ig u r e s g i v e n d o n o t i n c l u d e O r e g o n R y . & N a v ., U n . P a o . D e n v e r A
G u lf, D e n v e r L e a d v llle & G u n n is o n , M o n ta n a U n io n a n d L e a v e n w o r t h
T o p e k a A B ou th v e s te rn .
a T lie s e fig u r e s in c lu d e r e s u lt s o n l e a s e d lin e s .
b I n c lu d e s e a r n in g s fr o m fe r r ie s , e to ., n o t g iv e n s e p a r a t e ly , t M e x i ­
c a n o u r r e n o v . c I n c lu d e s o n l y h a lf o f lin e s i n w h lo h U n io n P a o ifio h a s
a
a l f in te r e s t .

Latest Gross Earnings by Weeks.—The latest weekly earnings in the foregoing are separately summed up as follows:
For the first week of October our preliminary statement
covers 33 roads, and shows6*59 percent gain in the aggregate
over the same week last year.

B a lt . & O h io S o u t h w e s t .
B u f f a l o R o o h . & P l t t s b ’ g.
C a n a d i a n P a c i f l o ..................
C h t o a g o M i l w . & B t. P a u l
C m . J a c k s o n A M a c k in a w
C l e v . L o r a i n & W h e e l 's . .
D e n v e r & R io G r a n d e —
F t, W o rth A R io G r a n d e .
G ra n d T ru n k o f C an ada.
I n t e r n ! & G t. N o r th ’ n . ..
I o w a C e n t r a l .........................
K a n a w h a & M ich ig a n —
K a n . C it y F it t s b . A G u lf

M i n n e a p o l is & S t. L o u is .
M o. K an sas & T e x a s —
M o . P a c itio A I r o n M t . .
N e w Y o r k O n t. & W e e t’D .
P e o r ia D e c . A E v a n s v ..
K i o G r a n d e W e s t e r n ____
S t. L o u is S o u t h w e s t e r n .

T o l. A n n A . A N . M i c h ...
T o l . 8 1 . L . <fc K a n . C i t y . .
W h e e lin g & L a k e E r i e ...
T o t a l ( 3 3 r o a d s ) _____ . . .
H e t in c r e a s e (6 -5 9 p .o .L .

1895.
$
1 3 7 ,4 3 5
6 1 ,0 6 9
4 8 5 ,0 0
1 9 4 ,2 2 2
8 2 2 ,6 0 o
1 3 ,7 2 9
3 3 ,9 3 5
1 5 8 .3 " '
1 3 .4 8 2
4* 8 ,4 3
9 7 .0 1 *
4 6 ,3 1 2
8 ,6 )
1 1 ,2 2 7 o ,6 4 1
1 8 9 .8 4
8 7 ,4 5 6
5 0 .8 H '
2 8 8 .1 0 3
4 9 2 ,0 0
1 1 ,0 0
7 2 .6 6 5
2 1 3 ,8 4 1 7 ,4 -t ,
6 4 ,8 7 i
5 0 ,6 0
1 2 6 .5 0 4 1 9 ,2 4 8
1 6 5 ,5 4
2 5 ,8 7 6
4 9 ,3 5 0
2 8 6 ,4 5 s
2 8 ,9 1 >
5 ,2 0 2 , 6 0
................

1894

s
1 3 7 ,2 7 6
6 4 ,3 0 3
4 7 1 ,0 0 0
1 9 3 ,9 1 “
6 6 7 ,3 0 1
1 2 ,9 3 4
3 2 ,3 0 6
1 5 0 ,1 0
1 8 .4 2 2
4 1 7 ,7 7 4
1 1 4 ,3 3 s
3 5 ,9 9 7
7 ,1 9
9 ,1 3 6 1 .4 2 4
1 4 9 ,1 7 2
H 6 . 17
4 ,1 1 4
2 8 * ,9 9
4 1 2 .0 0 0
1 2 ,0 0 1
6 5 .6 3 7
2 1 9 ,0 2
1 6 ,2 6

In crea st
$
159

4 ,8 8 1 ,0 2 *
...............

D ecrtt se.

1895.

P r e v ’l y r e p o r t e d (3 1 r ’ d s)
A t o l l . T o p . a B a n . F e .........
8 t . L o u i s & S a n F r ...........
A t l a n t i c & P a c i f i c .........
A t l a n t i c & D a n v i l e ------B u r l. C ed . R aD . A N o r th .
C h ic a g o G r e a t W e s t e r n ..
C h ic . P e o r i a & S t. L o u is .
C h ic . & W e s t M i c h i g a u ...
C le v e . C a n to n & S o u th ’ n
C le v . C in . C h io . & S t. L ..
C o l. S a n d u s k y & H o c k ’ g .
D e t r o it L a n s ’g & N o r th ’ n
D u lu t h S o . S h o r e A A t l
E v a n s v . & In d ia n a p o lis .
E v a n sv . A T e rre H a u t e ..
F lin t & P e r e M a r q u e tte .
F t. W o rth A R io G r a n d e .
G ra n d R a p id s & In d ia n a
C in . R i c h . A F t . W a y n e
T r a v e r s e C i t y ....................
M u s. G r. R a p id s A In d .
H o u s t o n E . A W . T e x a s ..
In d ia n a D e ca t u r A W est.
K a n a w h a A M i c h i g a n ____
K a n . C ity F t. S. A M e m .
K a n . C . M e m . A B i r m ____
K a o . C it y & S u b u r b . B e lt,
K e o k u k <te W e s t e r n ............
L a k e E r ie A W e s t e r n . . .
L o u i s v . E v a n s v . A S t. L .
L o u is v ille A N a s h v ille ...
L o t t ie . N . A l b a n y A C h i c .
L o u is v i ll e S t. L. & T e x a s .
M e x i c a n N a t i o n a l ................
M o . K a n s a s A T e x a s .........
M o b ile & B ir m in g h a m ...
N. Y . O n ta r io A W e s te r n
N o r t h e r n P a c i l i c ..................
O h i o R i v e r ..................................
P i t t s , s h e n A L . E r i e ___
P it t s b u r g A W e s t e r n .—

$
5 ,4 8 7 ,8 0 9
7 5 9 ,2 9 1
1 8 5 ,1 7 3
7 4 .6 4 7
9 ,1 2
1 4 6 ,9 1 6
1 2 9 ,2 4 9
2 6 ,7 7 4
4 3 ,2 8 0
1 7 ,1 5 5
3 5 1 ,2 f * 9
2 5 ,7 4 2
2 2 ,u 8 9
4 8 ,8 9 5
7 ,5 9 0
2 8 ,6 8 3
6 1 .L 7 6
1*2,3 73
5 1 ,(.9 5
1 2 ,0 3 4
845
2 ,9 6 7
1 2 ,7 6 c
1 2 ,4 4 c
1 0 ,5 8 7
9 9 ,8 0 7
2 * ,6 2 7
6 ,7 8 7
1 0 .7 7 ,
8 ,4 2 2
3 8 ,,3
4 3 0 ,1 6 .')
8 4 ,8 8 7
1 1 ,8 2 '
1 1 3 .3 9 6
3 8 5 .0 8
1 3 ,9 4 5
9 l,i.7 6
6 3 8 ,0 9 i
2 u ,2 3 6
1 5 ,4 5 ^
8V J0o

1894.
$
5 ,2 3 0 .8 7 6
6 ' 8 ,8 5 7
2 0 1 ,6 0 4
6 3 ,lo O
9 ,1 5 9
1 0 7 ,4 9 5
1 0 8 ,8 2 6
2 9 ,0 7 8
4 2 ,8 5 6
1 8 ,5 8 7
3 5 1 ,2 0 3
3 9 ,0 i2
2 6 ,- 2 7
5 8 , 2 LO
8 ,4 0 2
2 9 ,0 3 4
5 5 ,6 9 9
1 4 ,2 2 0
5 7 .3 5 9
1 2 ,4 2 1
928
3 ,6 5 9
1 1 ,9 7 4
1 1 ,3 3 9
8 ,9 5 3
1 0 4 ,2 5 3
2 1 ,5 )6
5 ,9 1 5
9 ,2 8 4
8 6 ,9 5 9
3 8 ,3 6 6
5 1 6 .4 6 0
7 4 ,0 9 1
1 1 ,5 3 9
9 7 ,9 6 3
3 8 1 ,1 0 4
8 , >10
9 5 ,9 3 2
6 5 9 ,2 6 7
1 8 ,8 9 4
1 5 ,6 5 0
7 1 ,3 1 4

1895.

1894.

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

7 9 ,0 5 0
1 7 ,6 5 3
38 000
3 0 ,4 8 8
1 1 ,7 1 8
2 3 8 ,0 1 0
J5 , 1 1 4
9 1 ,4 0 0

T o t a l ( 8 0 r o a d s ) ................ 1 0 . 2 L 7 . 4 U

1 4 , '» 0 o
301
1 5 5 ,2 9 s )
79)

In crea se.

D ecrea se.

____ ..
1 ^ ,3 1 5
1 ,4 1 <
2 ,0 9
9 ,2 2
4 0 ,6 7 7
1 ,1 8
7 ,7 4 6
4 ,1 1 -5
4 0 ,0 o o

- G r o s s E a r n in g s .-

1 ,1 3 0
6 ,5 5 0

1,203 4 ,6 9 9
3 2 ,9 5 4
3 ,0 1 8
1 2 ,4 6
3 3 ,1 7 2
'3 6 8
3 9 6 ,6 7 5

7 5 ,0 9 5

3 2 1 ,5 8 0

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

In crea se.
$
3 3 6 ,5 2 2
9 0 ,4 3 b

D ec r e a s e .

4 2 ,7 0 1
1 7 6 ,2 7 2

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

6 1 ,8 6 3
3 9 9 ,3 4 1
1 1 9 ,9 3 1

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

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

D e t . L a n s . & N o r . a . . A u g ..
J a n . 1 t o A u g . 3 1 . . . ..

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

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

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

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

D e t r o it & M a c k in a c . A u g .
J an . 1 to A u g. 3 1 ....
J u l y 1 t o A u g . 3 1 ____

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

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

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

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

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

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

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

5 6 ,5 6 4
5 5 5 ,3 2 2

8 8 ,7 4 4
6 9 9 ,5 5 5

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

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

3 5 ,3 3 2
2 6 5 ,2 3 2

7 3 ,6 2 9

O in . J a c k . & M a c k .
A u g ..
J a n . 1 to A u g . 3 1 . . ..
J u ly 1 to A u g . 3 1 ..

b.

J a n . 1 to S ep t. 3 o .

1 1 3 ,7 3 1

6 ,5 9 1

2 9 ,6 5 9 -

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

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

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

3 6 8 ,0 3 7
M e x i o a n N a t i o n a l . . . A n g ..
J a n . 1 t o A u g . 3 1 ____ , 2 , 8 7 5 , 9 4 6

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

U 6 3 .8 2 3
* 1 ,2 9 1 ,4 7 0

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

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

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

3 7 ,2 2 9
2 4 6 ,2 9 7

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

3 2 ,6 6 4
2 7 2 ,6 6 6

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

9 2 ,0 0 2
5 2 1 .7 9 2

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

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

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

4 5 2 ,4 1 5
P h i l a d e l p h i a A E r i e b A u g ..
J a n . 1 t o A u g . 3 1 ____ 2 , 6 3 5 , 7 1 5

4 2 2 ,3 9 9
2 ,4 9 4 ,8 5 5

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

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

S a g . V a lle s & S t. L . . A u g .
J a n . 1 t o A u g . 3 1 ------

7 ,4 6 0
5 5 ,8 40

7 ,3 5 3
5 6 .4 0 4

2 ,2 5 9
1 0 ,7 1 3

S t . L o u i s A l t . A T . H . b J u ly
J a n . 1 to J u ly 3 1 ..

9 5 ,9 9 5
7 2 3 ,1 7 9

1 1 2 ,1 1 5
7 2 9 ,1 9 5

3 3 .6 6 6
3 0 4 ,0 6 9

J u ly 1 t o A u g . 3 1 —

S o u th e rn P a c ific —
A t l a n t i c s y s . b ........ A u g . . 1 , 0 5 3 , 4 7 2
J a n . 1 t o A u g . 3 1 . .. 8 , 5 2 3 , 7 3 8

2 ,4 5 1
1 7 ,4 5 0 -’
5 8 ,3 1 3
3 0 0 ,3 7 2

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

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

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

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

1 ,2 1 4 .1 6 9
6 ,6 0 6 ,9 2 6

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

4 ,1 3 4 ,3 7 1
T o t a l o f a l l .........b . . A u g . . 4 , 1 3 6 , 7 3 8
J a n . 1 t o A u g . 3 1 ------ . 2 9 , 2 3 7 , 3 3 8 2 7 , 5 6 3 , 3 8 2
4 3 8 ,3 8 3
4 5 8 ,5 4 0
A ffilia te d l i u e s . b . . A u g .
3 ,0 5 6 ,1 0 6
J a n . 1 t o A u g . 3 1 . . . ,. 3 , 4 3 9 , 3 3 8

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

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

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

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

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

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

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

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

b

4 ,5 9 2 ,9 1 0
G r a n d T o ta l,
-------A u g . 4 , 5 7 5 , 1 2 1
J a n . 1 t o A u g . 3 1 ------ , 3 2 , 6 7 6 , 7 2 7 3 0 , 6 1 9 , 4 ^ 8
2 3 9 ,1 7 8
1 8 6 ,1 9 5
T o l e d o A O . C e n t . b . . A u g ..
1 ,0 * 4 ,9 6 9
J a n . 1 t o A u g . 3 1 ------. 1 , 1 3 5 , 8 3 5
4 0 9 ,0 6 4
3 6 4 ,1 7 9
J u ly 1 to A u g . 3 1 .. .

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

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

1 5 ,8 3 1

3 2 6 ,2 1 5
1 ,9 5 1 ,6 5 9
6 3 5 ,2 6 5

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

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

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

a N e t e a rn in g s h e r e g iv e n a re a ft e r d e d u c t in g t a x e s ,
N e t e a rn in e rs h e r e g iv e n a r e b e f o r e d e d u c t i n g t a x e s .
* A fte r d e d u c t in g o t h e r e x p e n d itu r e s fo r r e p a ir s , r e p la c e m e n t s a n d
g e n e r a l e x p e n s e s , n e t in c o m e a p p lic a b le t o in te r e s t o n b o n d s in A u g .
w a s $ 8 6 ,1 2 2 , a g a in s t $ 8 0 ,4 6 4 la s t y e a r , a n d fo r e ig h t m o n t h s t o A u g . 3 1
$ 6 4 6 ,4 6 2 , a g a in s t $ o " 7 ,7 4 8 ; a f t e r a d d in g e a r n i n g s r e c e iv e d fr o m F e d ­
e r a l G o v e r n m e n t n e t fr o m J a n u a r y 1 to A u g . 3 l , 1 8 9 5 , w a s $ 6 > 6 ,4 6 2 ,
a g a i n s t $ 6 5 5 , 4 1 6 . T h i s i s t h e r e s u l t in M e x i o a n d o l l a r s t r e a t e d
(a c c o r d in g t o t h e c o m p a n y ’ s m e t h o d o f k e e p in g it s a c c o u n t s ) a s e q u i­
v a l e n t t o 8 0 c e n t s i n U n i t e d S t a t e s m o u e y — t h a t is , a l l d e p r e c i a t i o n b e y o n d 2 0 p e r c e n t h a s a lr e a d y b e e n a llo w e d fo r .

b

1 3 ,3 4 0
3 ,6 3 8
9 ,3 1 5
812
35 i
_______
1 ,8 4 7
6 ,2 6 4
337
83
694
______
_______
4 ,4 4 6

537
67
3 6 ,2 9
1 0 ,7 9 6
231
1 5 ,4 3 3
3 ,9 5 4
5 ,4 3 5
4 ,2 5 6
2 1 ,1 7 6
1 ,3 4 2
198
1 3 ,9 9 1

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

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

1 ,4 .2

' ” '7 8 6
1 ,0 3 7
1 ,6 3 4
. . . . ___
3 ,0 9 1
872
1 ,4 8 3

$

2 3 8 ,2 8 4
U n . P . D . & G u lf .b . . . . A u .
J a n . 1 t o A u g . 3 1 ------. 1 , 9 2 4 , 1 4 2

2 ,3 0 1

................
_____

-yet Earnings.-

W e s t . N . Y . A P e n n . b . A u g ..
.
.

42*

........
................
5 ,4 7 7

2 6 4 ,9 6 0

<$
7 9 ,5 8 9

1 1 ,4 9 7
lo
3 7 ,4 2 1
2 0 ,4 2 3

86
................
________

5 6 4 ,9 0 6

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

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

O h io . & W . M i c h ____ A u g ..
J an . 1 to A u g. 31
.

b

1 ,0 8 2

8,000

1894.

1894.

O h i o R i v e r , .................A u g .
J a n . 1 t o A u g . 3 1 ____
l.O O o

415

1895.

1895.

M i l w a u k e e G a s - L .C o .S e p t ,
J a n . 1 to S ep t. 3 9 . . . .

5 ,1 7 7

2 ,4 i a

4 2 ,190‘
2 ,4 3 9

R oad s.

M e x io a n N o r t h e r n ... V ug.
J a n . 1 t o A u g . 3 1 ____

7 .0 2 1

2 ,9 9 2 :
3 ,4 3 6

2 9 9 .9 4 6

E r ie T e lg .A T e le p .C o . A u g .
.
J an . 1 to A u g . 3 1 .

____
4 ,9 4 0
9 ,3 4 t
1 7 ,3 1 f
. . . . ...

6 ,3 5 0

Net Earnings Monthly to Latest Dates.—The table follow­
ing shows the net earnings of Steam railroads reported this
week, A full detailed statement, including all roads from
which month'y returns can be obtained, is given once a
month in there columns, and the latest statement of this kind
will be four d in the Chronicle of September 31, 1895. The
next will appear in the issue of October 19, 1895.

1,569
8 ,2 0 "

9 ,9 1 7 ,4 3 8

N e t i n c r e a s e (3 * 0 3 p . o . ) .

$

For the fourth week of September our final statement covers
80 roads, and shows 3*03 per cent gain in the aggregate.
4 tfi w ee k o f S ep te m b e r .

R io G r a n d e W e s t e r n ,...
S t. J o s e p h A G d . I s l a n d .
S t. L o u i s A l t . & T . H u u tf*.
Ban F r a n c is c o A N o . P a c .
S h erm a n S h rev e. & S o ...
T e x a s A P a c i f t o ................ ..
T o l e d o P e o r i a A W e s t ’ ll..
W est. N . Y . & P e n n s y lv

3 ,2 3 4

6 6.0 0
4 4 ,0 5
1 2 5 ,3 o 0
3 8 4 ,5 4 1 9 8 ,5 0 *
2 2 ,8 5
3 6 .8 8
2 5 3 , 2rU
2 8 ,5 4 :

4 (A w eek o f S e p te m b e r .

1894.

1895.

«
*
$
$
U n . P a o . — Con.
6 8 2 .5 4 4
4 7 1 .4 0 3
1 7 ,6 5 3
T o t .S t .J .A G .I 4 th w k S e p .
1 4 .6 6 1
5
8
7 ,4 9 8
1
2
,
9
0
4
1
8
.
5
9
9
1 1 ,9 0 0
O e n t . B r ........... o 1 s t w k O c t .
A o h .C o l.A P . >
2 1 8 ,2 1 7
1 4 6 ,2 0 0
2 5 .7 4 6
1 8 ,8 2 1
J u l y ..............
A c h .J .C .A W s
G r ’ d t o t a l * i J u l y .............. 1 . 8 6 9 , 1 * 4 1 .6 6 8 , 8 7 9 1 1 , 7 3 3 7 6 7 1 2 . 4 2 2 . 1 2 3
1 .9 2 4 ,1 4 2
1 ,7 3 1 ,0 2 7
• 2 3 8 .2 8 4
2 3 9 ,4 5 0
U . P a o . D . A G A u g u s t ____
" 3 ,6 2 9
1 1 3 .7 1 3
F t W ’ t h & D .C A u g u s t . . .
8 ,6 5 5 .9 9 5
9
,
4
7
8
1
9
4
1 st w k O ct.
2 8 6 ,1 5 8
2 5 3 ,2 8 6
W a b a s h ......... . .
1 2 .9 6 4
1 1 5 ,9 5 7
1 3 ,6 8 4
9 5 .9 7 8
W a c o A N o r t h w . J u l y ..............
7 ,0 9 3 ,6 “ 3
1
,
1
5
7
.
8
.
3
2 3 0 .7 9 1
2 4 8 ,5 7
A u g u s t ____
W e s t J e r s e y ...
6 3 ),4 l8
7 1 " ,2 8 3
1 9 5 ,2 9 0
1 9 1 ,3 4 8
W .V .C e n .if e P it t * A u g u s t ____
1 7 8 .0 -2 7
3 0 .3 4 5
1 7 2 ,3 5 5
35 0 s5
W e s t V a . A P i t t s J u n o ...........
3 1 7 ,3 5 2
3 9 ,5 5 5
3 1 3 ,0 2 7
A u g u s t ____
4 2 .5 6 2
W e s te r n o f A la
8
0 5 ,9 8 8
8 2 - 4 .9 1 4
1 4 3 ,5 8 0
1 4 0 ,8 5
W e s t . M a r y l a n d A u g u s t ____
2 ,4 1 ,3 1 2
2 2 7 0 ,7 0 1
8 3 .4 0 0
9 1 .1 0 0
W e s t .N .Y . & P a 4 t h w k S e p .
9 9 8 ,0 5 2
9 1 5 ,5 9 9
2 8 .9 1 1
2 8 .5 4 3
W h e e l . & L . E r l . 1 s t w k « >ct.
1 0 3 ,8 ) 0
9 4 / '5 1
W is c o n s in C e n t. 3 d w k S e p t
4 9 .6 9 5
5 1 ,2 4 9
6 ,2 3 7
5 ,5 7 3
W r i g h t s v . A T e n . 1A u g u s t ------

l s f w ee k o f O ctober.

[VOL. LXI,

Interest Charges and Surplus.—The following roads, n
addition to their gross and net earnings given in the foregoing,
also report charges for interest, & c . , with the surplus or deficit
above or below those charges,
r-lnter’t, rentals, etc.—, r-Bat. of Net Earns.—.
R o a d s.

1895.
$

1894.
$

1895.
$

1894.
*

C h ic . & W e s t M io b .., A u g .
J a n . 1 t o A u g . 3 1 ------

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

9 ,1 7 5
3 3 ,7 2 3
2 6 4 , 9 5 3 d e f . 9 2 ,9 6 2

8 ,3 7 7
d e f.9 9 ,9 7 2

D et. L a n s . & N o r — A u g .
J au . 1 to A u g. 3 1 . . . .

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

3 0 ,3 5 1
2 ,0 1 5
2 4 0 ,9 1 L d e f.8 3 ,4 9 1

d e f.2 ,1 9 2
d f . 1 3 4 ,4 2 7

3 ,5 5 6
2 8 ,4 )3

d e f . 1 ,2 9 7
d e l 1 7 ,7 4 0

d e f . 1 ,1 0 5
d e f. 1 1 ,0 0 3

S t. L o u is A lt. & T . H . J u l y
J a u . 1 t o J u ly 3 1 . . .

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

1 3 4 ,2 3 4
12 3 1 , 4 0 7

7 ,8 2 8
7 6 ,6 7 6

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

T o le d o & O h io C e n t. A u g .
J u ly 4 t o A u g . 3 1 . . .

3 8 ,0 6 6
^ 1 ,3 1 7

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

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

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

S a g . V a l l e y •& S t . L . A u g .
J a n . 1 t o A u g . 3 1 ____

3 ,5 5 6
2 8 ,4 5 3

* A f t e r a llo w in g f o r o t h e r iu o o m e r e e e iv e d .
( T h e s e c h a r g e s a r e s im p ly to r ta x e s a n d r e u ta ls o f le a s e d H u es an d.
d o n o t in c lu d e b o n d in te r e s t.

THE CHRONICLE,

O ctober 12, 1895.]

STREET R U L W iY S AND TRACTION CORI'ANIES
The following table shows the gross earnings for the latest
period of all s t r e e t railway. from which we are able to obtain
wee id s or monthly returns. Tue arrangement of the table is
the same as that for the steam roads—that is, the first two
columns of figures give the gross earnings for the latest
week or month, and the last two columns the earnings for
the calendar year from January 1 to and including such
latest week or month.
STREET

E arning *.

R 4 .1 L W A Y }

AND

T R A C T IO N

Latest Gross £arningt.
WtekorMo 1495. 1894
9
45,287
2,455
13,872
8,623
3l,2 u 2
62.54-

9
36,147
2.96:
13.852
4,“ 35
22,59;
53,561

C O M P A N IE S .

an.1 toLatest Date.
1895. j
S

j

1894.

i

12daysSei>
14,968
13.011
B alk St Ry (N. Y I-. \ugast___
84.52*2
Binghamton St. Ky... August ...
79.144
228,248
Bridgeport Traction. 4th wk Sep.
92, >88
177,091 142,0 1
B rockton Con. St. By. A ugust---263,095 256,684
Br*klj ii Queens A aub J u n e ........
B rooklyn Traction—
641.332
Atlantic A v e ........ August---- 61,081' 82,895, 514.32*
109.0-8
95,100
Brookly n B A W. E. A ugust---- 29.266 21.366
Septemb’ r. 98,5*29 9 6 .9 1
757,879 840,606
T o t a l....... .. .
Buffalo R y ................... August---- 158.776 140.O11 .105.834* 1,006,975
Chester T raction.. .. J u ly .......... 24.*91 .........
Chic « So Side R T 1 uly ......... 54.131 56.5371 431,92.
107.070
Ciu. Newport A Cov.. J u iy .......... 5 8,683 47,912 34 2,63b 267,673
1,852 ............
.......
City Elec. (Rotue,Gs.) A ugust---....
C'lt. A suburb iBalt.i A ugust___ 102/ a ClUl«uft', Indiauup'll- A p ril......... 74.202 64,209 264.393 235,910
53.391
49,075
CtlixeiiV Trac.»Plttsb. J u ly ..........
Clevrland E le ctric.. J u n e ........ 135.003 U 8 .-1 2
i 91,199 607,577
*5,027 .........
Coiambus HR. Kin.)..
•19,795
484,72
432,196
Columbus St. R> (O.) 1st wkOct- 12.181 11,231
Coney b u t d A B lyn. August---- 47,319 .19.222 271.^01 223,405
Consol Trac. (X. J ) Septcm b’ r. 2 45,53* 20l.6s5| 1,-69.635 1.566.42 »
Denver Con. Irani w August----- 66.029 67,29 4 474.92s 487,774
19.34
I9.1H6 137.881
132.296
Duluth .*st. Ky............ August ..
E lectric Trac . Pblls dvpiem b'r. 247,024 163.2*2
99.399
E n e Hjrc. Motor C o.. August___ 18,94- 17.916
august___ 34.135 18,993 147,002
C a lv e-lo o City Ky.
129.961
B ostonrlU e M. A
Septemb'r. 35,461! I s*.547
A rch street.
............
............
H,l3s
tn y ta sP r.
43.499 21.203 364.<67 229,403
W,taL ..................
8,0ul
Hooalrk R y ............... August___
1,246 .........
Interstate C**n*ol of
North A ttleboro . , August
13.532 . . . . . . .
78.774
Lehigh Traction____ V . ; - ?
12.554 .........
........
Lock ll*Ten Traction August .
^.577 . . . . . . .
-.145 ........
51.244
Lorain 3t. Ry . . . . . . . A ugust___
Louisville Kv
...
1th * » All* J8.-38 :3.657 807.974 770.579
l» w e ii Low. A Hav August
52.575 *5.674 290.4 •o IH-4.IOO
Lrnn A Boston ....... U t a k O c t. lS,JfU 23.587 1.1 l c , l i t l.‘ 01,114
3ietfvp.(KaL*a*Cuy> August . .. I l4 .l6 3 ..........
........
MrtiojMW ash., D. »X) <-i*f*y**ep
7.11'
4.175
......
... ....
M'.algonK-ry Bt Ky August
4v5e5
3.i>5ti
3 J.477
19,887
Montreal Street Ry.. au aust—
........
90.202
........
BnsnviUe at- R y ........ M a j........... 27.967 27.223
............
............
Mew Ene s lid ota—
Winchester A v e .... A ugust__ 33,525 27,642 161.3 SI 141.105
2 0 ,8 6 2
P.y m 'lb A Kingston August ...
4 .6 .0
4.619
21,246
ad wk SJeot
5 ,1 -0
4.934
N* w Ilsv. n
Ry . N p ie n F r . 19.50J 14,257 1 5 0 . 6 4 9
92,476
New London 8t Ky August ...
9,429
New Or.cans T i m Uwu August . .. l 3,31 7 79,1*1 874,766 609.934
... ....
Newton ru. Hy. ........ J u u e ........ 10,648
8,857
N. Y A H a r e m .......... ,JuIy........... GO.OOu '>9,31 * 615.0*21 6 6,282
Northampton at- K> .
(M aSSj., ............... August___ 10,315
6,3*24
58,205
.. ...•
A ugust__ 29,1*6; 23.672 192,183 159.647
People's Trac. t Phils.i ’i*cptemb*r. 194,103 *37.231 53J,5v8 “ 8 5 ,8 17
Po'k. epel A Wsp p F A ugust___ 10.40*5 ..........
6 .1*3
.. . . . .
142,539 1*24,342
B r e lli V Tree!ton....... w f t f n F l , 20.188 16,841
‘August----4,1*33
3,636
Sfpleuili’r. 75,934 84.070 647,978 556,960
Etidiexter K y___
h s r s b u h E iecitlc.
8/186
U.98’
d a y ...........
............
Bdiaylki 1 rr»<*iii,*,.. •-M wk Sept
__ . ...
2.391
1 ,-2
.......
Schuylkill V'ai. Trap.. J u ly ..........
5A 43
4.H14
............
Bcrautou fle ctio n ... August---- 2«,959 8Sw392 188,025 164,199
Stcond A te. iPlttsh August . . .
............
By recuse C o n s o l.,.. A ugust... . 13,*1 t 14,700 i ............
B; meusr .it R K....... A u gu st.. . . 25,614 15,309 i 155.4*7 1C4.229
7^571 .........
T s a o ts o 9 t Ky. . ..
34.388
43.556
60.917
Terre H»ute Et'c. K j J u n n......... 12357 10.975
Third Ave. (S . Y.) .. . August. ..
49,000 I07,00i 1.7*52.195 1.353,831
Toronto m. K>.
. A igwvt . . . *2,583 *7.744 637,79C 619,1 >4
Twin City Rap Tran August. .. 17*^511 1*1,65. 1.290.43- 1.306.190
97,101
Union (> . BeaforU). J u ly .......... J 1,930 11,700 110,751
89.024
Union Ky. (Saginaw) A u gu st... 13,613
I ’ tiioa Ry. (Saratoga J 'lU e ........
1.575! 3,147
24.019
37,46*
Woke 0*0*1 A -totie .. v u u » t ..
7/147
5.439
95.904
*3.461! 18*05^ 1 5 # ,3 7 7
Water bury Traction A llan**...
1.4-1,000
West ;
A U g U S t. .. 733,000 6 0 3 .0 0 1 5 , o a : , o o < j
........
West s h o r e ( C o n n . ) . . -August . .
3,723
2,74: 1 . . . . . . .
167,851
198.23
Witfcesb A Wy. Valle j J u n e ......... 39.614 33.*37
W iimJagton street. . July ........
M 4 4
3 .9 i3
........ j . . . . . . . .
236,*U5
W orcester C o t , s o l.. . . A ugu st...
41.655 33.042 3 8 0 . 8 7 '.

65 r

ANNUAL

REPORTS.

Mobile & Ohio Railroad.
CReport fo r the year ending June 30. 1393.)
Toe remarks of President J. <J. Clarke in the annual report
will be found at length on a subsequent pags.
An important feature in the year's operations was the fund­
ing of the Halting indebtedness by tha sale of 4 par cent
bonds. This sale was effected withou* any consideration to
the syndicate which underwrote the offering of the bonds to
the stockholders. As the report shows, the stockholders
largely availed of the option given them, leaving but a small
fraction to be taken bv the syndicate. No commission was
uaid to the syndicate. The statistics for four years have been
compiled for the C h r o n i c l e , as follows:
A statement of the results for four years has been compiled
for the C h r o s i c l e as follows :
O PE R A T IO N S, EAR N IN G S A N D C H A R G E S.

Total miles operated

Oj-erat ons

1894-95.
688

1893-94.
689

1892-93.
688

1891 92.
637

598,194
706,996
648,450
Passengers c a rried ..
621,826
Passenger m ileage.. 20,416,878 20,148,*89 20,389,^24 19.9s5.202
1.608,632
1,546,398
Tons m oved..............
1,68!*,'794
1,605,913
!86.271.309 286,347,179 300.273,075 302.09 .,982
T om m oved one
0*810 c.
0 94 o.
0*93 0.
0 845 0.
Av. r a t - 1» tonp.rn..
Earnings—
8
$
8
8
175.162
441.959
412,853
PMMo|«ra....... .
462,776
2,417,‘*33
2,3*^7,902
2,433,219
2,554,407
F re ig h t.....................
177,947
175,166
179,155
Mull, express. e t c .. .
153.631
232,350
270,634
2*7,171
272,916
M isceli ancoua..........
Groan earning* .. .
Oper. ex. and taxes.

3.269.993
*2.154.437

3,253,0 ^2
2,041,634

3,358,470
2,259,1-59

3,443,760
2,357,467

Net earning*..........
P. ct op. ex. to earns.

1,115,532
(65*89)

1.209.037
(62*80)

1,099,281
(67*27)

1,036,293
(6 9 1 0 )

In . on 1st m ort.......
lo t. on 1st m ort..ex .
Iut. on geu. rnort ...
Iut on ear trust. Ac.
Rental o f St. L A C .

420,000
60.000
320,767
55.600
177,997

4*20,000
60,000
317,567
63.573
176,163

420,000
0(>,O 0
318.09 J
63,.*09
183.03 J

42 *>,000
60. '00
318,520
59,821
195,799

Total disburaeiu’ts

1,034,354
*81,148

1,037,323
*171,714

1,044,38*2
*64,899

1.044.130
•42,163

D*»bur$<n^tnts—

Surplus ..... ........

fh re was also expended for equipm ent and construction (additloual to oprruttuiz expanse-*) 4 U v * 7 " In 189192, $210,902 la
1492-93, $164,397 In 1*593-94 and $146,558 in l»9 4-95 .
U L N i K l L BALA3TCI K H K IT JU N K 3 0 .

Assrt*—

Cost o f road and eq ilpment. ...
Stock* and bond*.......... .
Lands, e t c ................. . ...............
Cash One., on dep. for c**ui*on).
B u i ld s m i d e p o s i t In N e w Y o r k
D u e fr o m a g e n ts , r a ilr o a d * . A c .

Materials, fuel, e t c ......................

26,493,789

Li’ibiUtits—
*t *-k In treasury......................... .
Bond* (*ee SL’ iT.-iLMfcKT)...........
Car trus •............................... .
B ill* a n d lo a n s p

1894.
1893.
lT
•
$
22.552.94 •» 22,550,111 22.526,038
2,9-<0,025
4,280,420
4,34 *,520
3^9,-<32
341,601
347.322
2 6,202
100.768
219,51 i
3,400
5,050
219,230
258,906
223,346
121,502
116.612
138,177

j r a b l e ................

Pay rolls, accounts, etc., e t o ....
Interest flue and uupaid. .........
Interest accrued, not d u e .........
Protlt and l o t s .............................

27,729,733

27,674,951

5,320.000
5,320,600
5,320,6 0
2,359.400
2,359.100
2.35 »,400
17.152.300 17.811.100 17.855.400
55 ,672
531,568
360,113
511,610
631,6t*9
361,120
290,091
3;i7 .l38
50,935
70,140
51,760
141.027
140.533
150,813
521.079
521,676
2 »3,712
26,493,789

27,723,733

27.674,951

-V . 61, p. 239.
St Lonis A lton ]* Terre Haute BK.
( R e p o r t f o r y e a r e m i in g J u n e 30, 1 3 9 3 .)

Mr. George W . Parker, President and General Manager, re­
mark* as follows in his repart for the fiscal year ending June
30, 1895:
tim in g s , etc.—Added to the disastrous results of the panic
of 1893. we have encountered during the year a heavy loss inci­
dent to the strike of the coal miners, which began about April
21, 1894, and continu-d about three months: also the strike
and boycott o f the American Railway U.iion, inaugurated
-lur... 30, 1894, with all their disastrous results to transporta­
tion.
Practically the entire surplus earnings have been spent for
new equipment and betterments. It has n it been p issiole to
continue the work of ballasting track, but this work will be
pushed as rapidly as the revenues will warrant. Sharp com ­
petition and economy of operatic l and maintenance make it
a necessary rtq lixement. We start off under our new regime
* Ho*Ain process o f reconstruction.
wi'h no fl ating dent and greatly relu ed fixed charges.
The great Union 3. at ion at St. Lmis, now co uple.ed, is
Strevt Railway Net Earn lo g * .—The following table gives
the return* of Street railway gross an 1 net earnings received c .needed to b<- the largest and finest station in the w rid, hut
this we.It. In reporting these net earnings for the street M V it involves to us, as to others, a large increase of terminal exway*, w e ad'>pt tli-sam e plan as that for the it m i roadi— pen.-e». The entire cost of the plant, including real estate, is
that » , we print each week ail the return* received tli.t fix, J at $6,500,000, U(>on which capitaliz ition die roads using
week, fmt once a month u>n the third or the fourth S; lur the stalio.i will have to pay an interest charge of 5 per cent
d»y> we bring together all the road* furnishing returns. The i d addition to the expense of operating and maintaining the
latest full *tab m»nt will be f< u n d in th e C h iio s t c l e of *ame. This expense is shared oy the roads on a wheelage
Sept.mlier 31. The nt xt will appear in the issue of Saturday, basis*
Financial Operations —From the 98Is in 18^)0 of that por­
October 19.
_* a—- A r / Earmnis.-—— tion of the company’a railroad *vhich had been leased to the
— Cross Bar*
1894
Cleveland Cincinnati Chicago & St. L >uis Ry* Co. your com ­
1895
1«94
19M5.
•
•
Htmrls,
%
•
pany received $9.75»J,OOU in C. C. C. & St. L 4 per cent col­
40.622
lateral trus boo da • During the y ar 1891, $1,337,000 of these
5.61*
5.671
J»*w fauadeu St. Uy Aug.
9,429
8,-00
nond* were exchanged for 8,126 shares of this company’s
25,275
27,598
6 4 ,0 -0
Rsrebest*f Railw *} ..sept
75.924
i cumulauv. preferred stock. The retnai ling $8.5‘ 3/)00 hive
5 6 ,°6 0
Jen. 1 to Sept. iO.ww.

647,079

THE CHRONICLE,

658

[V o l , L X I.

.

.

since been sold, and tbe proceeds, with the sinking fund and re'ired on or b-fore Oct. I, 1895. Further is-U'S of boads at
the proceeds of $2,375,000 of new first m trtgage and terini i d the r.t« of $15,000 pj r milj will be m tle on acoo me of con­
bonds, have enabled the company to discharge its entire tunded tent dated exte si ms to Wellwille ant other points.
Statistics.—Results in 1"94-95 were as follows :
debt due July 1, 1894 ; also to pay the accrued interest on
all the outstanding preferred stock, to secure an *xch inge of P a s s e n g e r s c a r r i e d . .
. . 6 7 ,8 2 5 1
E xp en ses—
the outstanding preferred for common stock, and to retire tne F r - t v l t t ( t o n s ) c a r r i e d _____7 0 0 , 2 3 4 I M v i u t e n a c o e o f w a y , & o . . $ 6 8 , 6 1 7
E ir n i t j * I M ai ite u a a o e o f e q u ip . . .
dividend bonds, except $79,000 still outstanding. Of t h e n-w F r e i g h t ......................................$ 2 9 7 , 4 3 1 | C o u r t , t r a n s p o r t a t i o n . . . . . 3811,,511374
first rmrtgage and terminal bonds, $2,275,000 have been soli, P s s e u g e r s ................................................................................................... 3 3 . 8 7 6 I G e n e r a l
M a i l , e x p r e s s , & c ..................
2 2 ,5 2 3
-----------------leaving $235,000 in the company’s treasury.
--------------- | T o t a l ............................................ $ 3 1 3 , 4 7 7
The receipts and disbursements from January 1, 1891, to
T o t a l ................................................................................................. $ 3 5 3 , 8 3 2 | N e t e a r n i u g s
June 30, 1895, from sale of securities, siukiug fund, L e t warn­
The statement >elo v gives the results for 1894 95 and also
ings, etc., aggregated $13,878,094, which sum was applied as
for the nine mouths to June 30, 1894.
follow s:
I n t e r e s t o n o ld b o n d s . $ 1 ,6 1 1 ,5 0 0
B o n d s d u e J u ly 1 ,1 8 0 4
0 ,7 0 0 ,0 0 0
A ccru ed
in te r e s t o n
p r e fe r r e d s t o c k
7 5 1 ,4 3 2
F o r 4 ," 5 0 s h a r e s p r e f.
a n d in t ., a n d $ 2 2 2 ,25- d iv id e n d b o n d s .
8 5 7 ,6 5 5
B o n u s t o p r e f. e x c li.
f o r c o m m o n , 1 1 ,7 0 8
s h a r e s ................................
1 ,1 1 2 ,2 6 0

I n t e r e s t ................ ............
F o r re o r g a n iz a tio n
.
F o r d iv id e n d b o n d s a t
86
p e r c e n t ..............
F or new
e q u ip m e n t
a n d b e t t e r m e n t s -----I n t e r e s t o n n e w fir s t
m o r t g a g e .........................

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

T o t a l ..............................$ 1 2 , 8 7 3 , 0 *4

The common stock has been increased to §3,470,800 by
issuing 11,708 shares in exchange for the preferred stock
referred to above.
Statistics.—Earnings, charges, etc., have been as follows:
E A R N IN G 8 AN D E X PE N SES.

E a r n in g s —
P a s s e u g e r s ............................................................... ............
.........
..........
M a i l , e x p r e s s a n d m i s c e l l a n e o u s — . ..........

1 8 9 3 -°4 ,
$ 2 5 ,5 5 b
3 8 3 ,1 5 0
6 3 " ,0 5 1
1 2 0 ,* 8 9
$ 1 ,3 8 5 ,0 4 6
$ 1 6 2 ,1 4 7
1 4 9 ,6 7 4
4 1 8 ,0 6 1
4 8 ,4 5 2
4 8 ,3 9 5

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

$ 8 5 6 ,7 2 9

N e t e a r n i n g s ...........................................................
R e n t o f l e a s e d l i n e s ......................................... ..........

$ 5 2 8 ,* 17
3 6 5 ,3 :9

384,2-41

N e t ...................................................................................

$ 2 0 2 ,1 9 7

$ 1 4 4 ,o 3 6

INCOME ACCOUNT FOR 1 8 9 4 - 9 5 .
N e t r e v e n u e a s a b o v e ....................................................................................
M i s c e l l a n e o u s . ......................................................................................................

...$ 2 0 2 ,1 9 7
6 .8 6 0

T o t a l ...................................................................................................
$ 2 0 9 ,0 5 7
D t& u ct—
.
I n t e r e s t o n f u n d e d d e b t .........................
$ 7 3 ,6 4 6
i n t e r e s t o n p r e f e r r e d s t o c k ..................................................................................
3 7 ,6 8 2
N e w e q u i p m e n t a n d b e t t e r m e n t s ......................................................................
9 6 ,1 2 0
T ota l

$ 2 0 7 ,4 4 8
.

S u r p lu s ..

* $ 1 ,6 0 9

* T o t a l s u r p lu s J u n e 3 0 , 1 8 9 5 , $ 7 0 ,6 7 3 .
B A L A N C E SH E E T JU N E 3 0 , 1 8 9 5 .
P r o p e r t y , e q u ip m ’ t , & o .$ 5 ,8 6 6 ,9 2 0
S t o c k s a u d b o n d s * ............
1 2 5 ,0 0 0
C o ’s 1st M . - k t e d b ’d s.
2 2 5 ,o o o
C a s h .............................................
9 2 ,3 1 0
M a t e r i a l o n h a n d ..............
8 3 ,7 0 5
D u e f r o m a g e u t a ..............
8 4 ,4 8 9
Do
U. 6. G o v ’t ...
7 ,( .7 8 I
Do
o th . R R s . & c.
7 3 ,1 2 6

T o t a l ...................................... $ 6 , 5 5 7 , 6 8 9

N e t e a r n i u g a ....................................
P e r c e n t o f e x p e n s e s t o e a rn in g s .
D etl a c t —
In terest on b on d s
................................
S iu k iu g fu n d
...........................................

T

$ 1 4 0 ,3 5 5
(6 4 -3 3 )

$ -6 ,6 24
(5 7 -5 8 )

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

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

t a l ........................... ..

$ 7 4 ,8 7 8

B a l a n c e ....................................

s u r .$ 2 1 ,7 4 6

* T b e s u r p lu s as o f J u n e 3 0 , 1 8 9 5 , w a s $ 1 2 ,0 5 1 .

1 S 9 4 -9 5 .
$ 2 3 1 ,2 9
4 0 7 ,3 * 6
5 9 1 ,1 4 4
117^54

T o t a l .................................................................... ......... $ 1 , 3 5 0 , 0 5 5
E xp en ses—
$ 1 2 1 ,7 8 3
W a y a n d s t r u c t u r e s ....................................... .........
1 4 3 ,7 2 1
M a i n t e n a n c e o f e q u i p m e n t . ..................... .........
4 2 3 ,7 41
C o n d u c t i n g t r a n s p o r t a t i o n ....................... .........
4 7 .9 8 )
T a x e s ......... ....................................................... - 4 5 ,3 0 4
G e n e r a l ...................................................................... ............

A ssets.

G r o s s e a r n i u g a .................................................................
O p e r a t i n g e x p e n s e s . ..................................................

,—3 2 m o n th s .—. ,—9 m o n th s —
J u l y 1 , ’ 9 4 , to O ct 1, '9 3 , to
J u n e 3 0 , ’ 9 5 . J u n e 3 0 ,- 9 4 .
$ 3 .5 3 ,8 3 2
$ 2 2 7 . 7 >9
2 1 3 ,1 7 7
1 3 1 ,1 3 5

L ia b ilit ie s .
C o m m o n s t o c t .................. $ 3 , 4 7 0 , 8 0 5
B o u d a ( s e e S i j p p l m *t ) . 2 , 5 7 9 , 0 0 0
O ld f u n d d e b t a n d i n t . .
1 3 ,3 4 3
I A c e r , iu t.,r e n ts & t a x e s .
1 2 5 , -5 4
1A u d. pay rod s & v o u ch .
8 9 ,9 4 1
I D u e o i h e r l a i l r o id s . v c
1 1 2 ,7 5 7
B e t t l iu ’ t s . . n d a d d i t ’ u s
1
t o e q u ip s in c e J u l y 1,
1 * 9 4 .....................
9 6 ,1 1 9
I n c o m e a c c o u n t ................
7 0 ,« * 7 2
T o t a l .......................................$ 6 , 5 5 7 , 6 8 9

* B e l le v il le & C a r o n d e le t s t o c k , $ 5 0 0 , 0 0 0 ; C liic a g > S t. L o u is & P a d u ­
c a h s t o c k , $ s 0 o, 0 0 j ; C h i c a g o S t . L o u is & P a d u c a h i n c o m e b o n d s ,
$ 5 0 0 ,0 0 0 .— Y . 6 1 , p . 5 5 8 .

Buffalo & Susquehanna Railroad.
( Report from October 1st, 1S93, to June’&SOth, 1895.)
The report covers a period of 31 months, but contains the
statistics for the y. ar ending June 80, 1895, as given below.
In the report Mr, F. H. Goodyear, Chairman of the Board,
says in part:
Extensions.—During 1894 there was constructed a branch
line 13 miles in length from Cross Fork Junction, Pa., to
Cross Fork, Pa. In 1895 the company began the construction
of a branch from Galeton to Perry villw, a distance of aoout 25
miles, to a connection with the Wellsville Coudersport &
Pine Creek RR. This latter road is 12-23 miles in lengtii, ex­
tending from Perryville, Pa., to Wellsville, N. Y ., where it
connects with the New York Lake Erie & Western RR. It is
contemplated to consolidate the Buff. & Susq. and the W C
& Pice Creek RR., so that your company will have a total
of 112 miles of railroad exclusive of sidings.
Physical Condition and Equipment —As to the road’ and
its equipment the report says :
P h y s ic a l C o m l i h o n . — T i l e r o a d f r o m K e a t i n g S u m m i t , P a , t o G a l e t o n ,
P a . , a n d t h e b r a u c l i f r o m C r o s s F o r k J u n c t i o n , P a . , Is g e n e r a l l y l a i d
w i t h 6 7 a m i T o -p o u m l s t e d r a i l ; th e m a rt f r o m Vns > ia . P i . t o P er r v v i l l e , p a .. I s l a i d w i t h n e w 8 0 - i o u u r t r a il . T h e W e l l s v i l l e C ou rt rs
p o r t & P i n e C r e e k 1-tR. a b o v e r e f e r ert t o . i s la i il w i li 6 3 - p o u u r t r a i l .
D u r i n g t h e n r e s e t if y e a r y o u r c o m p a n y h a s r e p l a c e d t h e o n y t w o r e ­
m a in i n g -w o o d e n b t id g e s b e t w e e n K e a t i n g S u m m it a n d A n s o u t a w it h
s u b s t a n t i a l , i i r s t c l a s s , s t e e l b r i d g e s h a v i n g s t li e hilt, 't e n t s .
E q u i p m e n t .- Y o u r r o a d i s e q u i p p e d w i t h 1 6 l o c o m o t i v e s . . 0 o f t h e m
b e i n g o f t h e c o D S o l ir t a t i m t y p e , b u i l t li.\ t h e B a l d w i n L o c o m o t i v e
W ork s.
I n c lu d in g th e 2 0 0 fr ig h t c a r s u n d e r c o u t r a e t th e r e a r e 7 4 8
fr e ig h t ca rs . T h e re a re 12 p a s s e n g e r o o a o h e s.

B A L A N C E SHEET JU N E 3 0 , 1 8 9 5 .

A s s e ts .
C o s t o f r o a d a m i e q u ip .$ 2 ,2 2 0 ,0 0 0
14, 33
F u e l & s u p p lie s o n n a n d
7 ,2 7 L
l ) u f r o m a g e n t s ..............
2 7 ,0 2 0
D u e fr o m o t t ie r r o a d s ..
S i n & i u u f u id . . .
______
5 7 .8 7 4
3, ♦
( ’ a s h o n h a n d ......................
1 5 ,9 9 »
M i s c e l l a n e o u s .....................
T o t a l ................................... $ 2 , 3 4 6 , 6 4 2

L ia b ilit ie s .
C a p i t a l s t o o < ? .................. . $ 1 , 1 1 0 , 0 0 0
1 ,0 4 9 .0 9 0
F i r s t m o r t b o n d s ____
D u e o n c o n s tr u c tio n .
L5 , 0 0 0
S iu k in z fu n d r e s e r v e .. .
1 0 1 ,2 i i
1 9 ,0 8 4
A c c o u n t s p \va*>le ___
H a la u e ■, s u r p l u s ...........
1 2 ,0 5 1
M i s c e l l a n e o u s ...................
3 7 ,2 7 4
T o t a l ..................................

.$ 2 ,3 1 6 ,6 4 2

—Y . 60, p. 480.

St. Paul & Duluth Railroad
CReport fo r the year ending June SO, 1195.)
President R. 8 imers Mayes siys iu part in his rep >rt:
Earnings and Exp enses — the decrease i t gro-s ea rnings as
compaied witn ihe previous year amounts to 5'95 p r cent;
tne decrease in expenses of operation to 4'25 per cent. The
gen ral depression in h tslnjss, toge her with the striae of toe
American Railway TJ non during the mo ith of July, and the
forest fires in September, have caused tie d -creas-i in gross
earnings. The largest decrease in volume of commodities
handled has been in lumoer, coal and p tratoes ; cue potato
crop along the tine having -teen a-t entire failure.
The econo tries practiced during the fiscal year ending June
30, 1834, w-U'd not permit of a further d-crease in operating
exoeuses; at the same time the condition of the property and
its equipment has been fully maintained. The average cost
of maintenance of way per mile for the year was $762, E x­
traordinary expenses to a toral of $15,304 are inciu led in
operating expenses. N >charges of any kind have been tntde
to capital account with the exception of $3,050 expended to
effect i le to property at Duluth.
Imorovements.—Since the close of the fiscal year the fol­
lowing wo'k has been authorized and is well nndsr wtv:
The ballasting of the tracks between S-acva-id Forest Like;
the purchase and laying of about 3,000 tons of new ra il;
depots at Shafers. Miller, Mission Greek and Fonddu Lac ; the
renewal of 2,000 feet of trestle over tne S . L tuis River at
Duluth, and the tilling in of tne balance of the trestle, about
5,000 feet.
Terminals. On May 1 the contract with the Great N irthern Railway Company for the use of its tracks and the Union
Depot in Minneapdis was canceled, and an ag-eement en­
tered into with tne Minn ap ilis & St. Louis RR. Co., under
which this company now ontains its entrance into Minn­
eapolis, Contract was a so ma te with the C. M. & Sc. P RR.
Co. for the use of its passenger station at the same point.
This change has result d in a saving in rental without in any
way impairing the service at vlinneapolis.
Lands.—Laud and stumpage income for the fiscal year iu
cash was $145,396; land department expense, $28,744;
Det inc'-me, $116,652; amount transferred to railroad in­
come account to apply on dividends, $94,633; sur Jus, $38,024 ; total to credit of land a id scumpag- incotn 1 Julv l, 1395,
$80,956. La
soli from June 30, 1894, to June 30, 1895,
27.930 acre-, for $145,405.
Physical Condition Etc.—The following table gives various
staii-tics relating to track, bridges, equipment, etc., for fiscal
years ending June 30:
R oad—
M a iu l i n e & b r ’ c h e s

1895.

1894.

183

183
t2 7
64
247

O f w h ic h ir o n r a ils
64
r o t le a s e d lin e s ,m .
T o t . o p e r a t ’ d ,m ile s
247
S econ d tra ck o w n ’d
16
ie
a n d l e a d e d ............
119
115
S id in g s . A c
-.
M a in t . o f w a y , & c . —
$960
A m o u n t, p r m ile ,
$762
4 -6
N w r a i l s , t* u s I’ d
1 0 1 ,7 9 7
N e w tie s , N o .la id

1895.
1 t B r id g e s . <&c.—
1 I r o n brid & res, f e e t .
| W o o d e n b r id t i’ s f t .
1 C o m b in a tio n , f t . . .
| T r e s t l e s , f t . ..............
T u n e l s , f t . .................
I
T otai e q u ip m e n t —
j L o c m o t i v e s ( V o .)
62
P a s s ’ n g ’ r c » r s ( Vo )
70
| F g c . , & e . , c a r s (M o .) 2 ,4 2 9
1
|

1894.
954
548
52
2 9 ,3 3 6
200
62
71
2 ,4 6 6

t T h is s t a t e m e n t ia o n l i n e s i n M i n n e s o t a o n l y — 2 3 4 m i l e s o u t o f
t o t a l 2 17 m i l e s .

th e

Funded Debt.—First mortgage bonds had been issued un
Statis ics.— The statement of operations, earnings and
to June 30, 1895, to the amount of $1,095,000, of which $40,000 chnrgts, and the balance sheet, has been compiled for the
were retired by the sinking fund in 1894 and $58,000 will be C h r o n i c l e as follow s:

3 1 ,8 7 4

6 1 4 0 ,3 5 5

THE CHRONICLE.

October 12, 18S5.1

659
O PE R A T IO N S.

O PE R A T IO N S AND H A C A L R E SU L T S.
1 8 9 4 -9 5 .

1 8 9 3 -9 4 .

5 2 * ,7 0 3
P a s s e n g e r * c a r r ie d ..
P h s s . o *rriiM i 1 m i l e . . 1 5 . 4 1 6 , 2 8 9
2
- 2 7 CIS.
A v pa * e p e r p a s s p . o i .
F r e i g h t u o u 3 > tn o v e d . 1 ,0 3 8 .3 * 8
E a r n i n g s fr\rm —
$
3 8 7 .9 4 4
9 9 0 .2 6 1
F r e i g h t ...............................
4 5 , H >2
M a l i , e x p r e s s , *fee.........

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

7 4 8 .0 0 9
2 1 . 15 5 , 2 0 7
2 -0 2 ets.
1 ,5 4 1 .3 8 0
$
5 4 6 .3 5 2
1 ,5 1 ,0 1 1
4 6 .8 8 2

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

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

1 ,5 1 3 ,3 9 3
1 ,1 0 4 ,3 5 1

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

1 .9 1 4 ,5 1 0
1 ,2 9 1 ,0 2 5

3 6 2 .3 9 2

4 0 9 .0 4 2

6 0 9 ,4 6 3

6 4 1 ,5 8 5

O p e ra tio n s —

T o t a l ....................—
O p er. e x p . a n d ta x e a .
N e t e a r n i n g s --------

1 8 9 2 -9 3 .

1 8 9 1 -9 2 .

E a r n in g s —
............................
F r e ig h t
P a s s t i g e r ..........................
M i s c e l l a n e o u s ................
T o t a l ............................

INCOM E ACCOTJHT.

1 8 9 3 -9 4 .
$
7 9 9 ,2 1 8
3 6 3 .4 9 6
1 1 2 ,1 1 3

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

1 ,2 /4 ,8 1 7

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

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

O p e r a tin g e x p e n s e s

N e t e a r n i n g ...................
O t h e r i n e o m e ...................

1 8 9 4 -9 5 .
$
362. 92
4 0 ,2 5 8

1 8 9 3 -9 4 .
8
4 0 * .0 4 2
4 3 ,4 4 * 3

T ota l
. ................
D is b u r s e m e n ts —
..............
R e n ta ls
I n t * r * * 8 t o n b o a d a ____
.................
D .v id e o -la
M i s c e l l a n e o u s .................

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

5 7 7 .4 2 2
T o t a l ............. .............
B a la n c e fr o m R R .
0 a e r a t io n s .
d e f . 1 7 -4 ,7 7 2
R e c e i p t * fr «» m s t a m p *
9 0 ,6 2 9
a g e a n d l a n d s ......... ..

8 i 0 ,9 6 3

6 8 5 ,6 9 9

7 3 9 ,8 9 2

d e f.1 4 8 ,1 3 3

d e r .8 .9 6 1

d e f.5 9 ,9 0 6

R e c e ip ts —

1 8 9 2 -9 3 .
1 8 9 1 -9 2 .
1 9 9 3 -9 1 .
2 9 0 .1 1 4
3 5 7 .5 1 3
3 7 9 .7 2 6
2 7 2 ,0 8 2
P a s s e 'n s 'p r s o a r r l e d . .
1 7 ,7 7 2 .3 1 6
2 0 ,0 0 7 ,9 5 5
1 4 ,9 6 1 ,3 8 1
P a s s o a r ’d i m ile . . 1 4 ,^ 2 i,2 0 k
2 -3 1 ots.
2 -3 1 e ts.
2 - 4 5 OtS.
R a t e t»er p is s . u . m . . .
6 6 9 .2 1 2
5 0 5 ,3 1 5
6 8 7 .6 4 5
4 7 3 ,0 4 2
T o n s f r e i g h t o * r r ir t d .
ro**s t 'l i t o a r . 1 m i l e . 8 8 . 3 7 5 . 2 6 1 LOO, 2 5 3 , 3 2 7 1 1 7 , 3 8 1 , 2 >5 1 1 3 , 3 0 4 , 3 0 0
0
*
3
4
7
c
t
s
.
0
8
1
7
cfca.
0
*
7
9
7
o
t
s
.
R a te p e r te n p e r in ..
EAR N IN G S AN D E X P B N 8E S.
1 8 9 4 -9 5 .

1 3 9 2 -9 3 .
$
60L468
6 7 ,2 7 0

1 8 9 1 -9 2 .
$
6 4 2 .5 8 5
3 6 . 4 *1

4 5 2 ,5 3 5

6 7 6 ,7 3 3

6 7 3 ,9 9 6

1 4 0 ,7 9 6
15 , 0 '
2 9 3 , *06
1 6 ,7 6 6

1 1 1 ,3 2 9
1 5 * .0 0 0
3 5 5 , >4*
6 8 .8 2 6

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

C o n d u c t ’ u t u u s p 't ’ u .
M o L i v - p o w e r ..............
M a in te n a n c e o f o a r s .
M a i u t e o a D o e <»f w a y .
G en eral e x p eu ses . . .
T a x e s .....................................

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

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

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

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

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

1 ,0 2 9 ,7 2 4

1 ,0 7 1 ,5 5 6

1 ,2 2 6 ,5 3 2

1 ,2 2 4 ,2 3 3

N e t e i r a i n t r s ................

1 7 2 ,5 1 8

2 0 3 ,2 6 1

85*65

84*05

P . o. o p . e x p

to ea rn s.

293,

09

3 0 7 ,2 8 1

8 0 -6 3

79 93

—V. 61, p. 291.

Maine Central Railroad,
( Report fo r the nine months and year ending June 30, 1S95. )
5 9 , 9 *4
1 6 8 ,3 2 9
7 5 ,2 0 7
President Franklin A. Wilson says in his annual report:
Prosp cts. - The business revival which has prevailed to
d
e
f
.
8
8
,
5
0
9
s
u
r
.
1
5
9
,
3
6
8
d
e
f
.
8
4
,
1
4
3
s
o
r
.
1 5 ,3 0 1
B a l a n c e .......................
some extent throughout the country, has been felt in a grati­
BALANCE SHEET J0NB 30 , 1 8 9 5 .
fying degree during the la3t six months upon ihe Maine Cen­
Assets.
|
L ia b ilities .
tral system. No portion of this State has failed to feel the
R o a d a n d e q u i p m e n t . . 3 1 2 , 0 9 5 , 2 2 5 | S t o * k « k * e r l i " - ~ » 8 p p .) $ 9 , S 5 3 , 3 3 1
improved condition of business, but probably the most
R o o d . *nd s o c k * o f
| B o n it a ( » e # s o p p ' d . . . .
3 ,7 1 0 ." 0 0
marked progress is noticed in the estrum- Eastern section of
o w n e d * te a s e d t in e s
1 , 5 5 0 , 2 2 3 T a t e * , o a f - r o l l s , Ate .
1 8 ,2 1 5
C a cti
.
2 7 9 , 8 2 3 c o u p , l o t » c 'd , n o t d u e
0 0 .4 9 '
the State, where the Bangor & Aroostook RR. Co. is this year
But m page notes..........
350,989 f Slaking food
...
121,703 adding by ihe construction of its Ashland Branch 42 miles to
B i l l * r . o I v a b l # ..............
1 2 , 1 3 3 P r o f « c m t k canceled...
5 7 8 ,3 8 7
the 172 mile* constructed last year.
D u # f r o m I n d i v i d u a l * , ...............................I L a n d * . t u m p l o o r i ­
Changed)/ Year.—By an amendment to the company’s by­
l e ...........................................
1 9 0 , 2 5 4 i p n n d . p r t o r t o J *ly t , ’ 8 3
8 9 0 ,7 7 6
M a te ria l* a n d M e t o n
1 D e fe r r , d
la n d
and
laws the aunutl meeting is m v held on the third Wednesday
hand
............................
5 5 , 5 8 4 I n u m p a u r o it c o m e . .
3 5 9 ,8 9 9
in October, and the fiscal year ends June 39 instead of, as for­
A e o o u n t* r e c e iv a b l e ..
1 8 0 , 8 0 0 I M i a o c i t a u e o a . ...................
8 3 ,7 0 7
merly, on Sep.. 30 Acc trdiagly, the various reports sub­
| B a t. t o c r e d i t o f la u d
j
anil * t a m . I n c o m e . . .
8 0 ,9 5 6
mitted cover a period o f uiae months only.
Physical Condition, Etc.—Ttie following table gives various
T o t a l ................... ........0 1 5 ,3 2 2 ,0 3 0 I
TotaL ...................................* 1 5 , 3 2 2 , 0 3 0
statisiics regarding equipment, bridges, train-loads, etc., for
- V . 5 0 , p. 647.
the fisc »1 years ending Jane 30:
Memphis & Charleston Railroad.
1895.
1994.
1894.
Bridges, etc.’1895.
P asA . p . m iie .o t a .
2*37
2*21
1 7 ,9 5 6
I ^ o o b r id « p e » ( f t . ) . .
( Report for the year ending June 30, 1305.)
F
<
l
u
.
t
r
a
m
m
i
l
e
■?!
8
4
*
2
81
78*10
W ooden
h r id g e e
7 .6 9 7
P a s s , t r a in * n ile .$ l 2 J*0 $1 2 1 * 5 0
The report of the receivers aav* in part:
i f t . i .........................
A.v. t r a i n u i. l o a d —
3 ,1 9 2
Earnings.—The gross earning* shove a decrease of 5 99 per W o o d a u d i r o n ____
125
1 0 ,0 0 6
F g h t -t r a ln (F a s )
133
» t le a ( f t .)
Cent; the op rating expert-see of 8 9 per cent, and the net earn­ r r *T*otal
P ts«*p t r a in . N o .
54
53
equiptn't—
ings of 15 11 per cent. Owing to a further reduction in toe I x H J o m o ilv e ^ ( N o .)
152
M ti n. o f w a v ', e t c . —
157
$950
222
e a r* (N o ) . .
2*17
A m * u n t i» m i l e .
$969
Toluene of tradi •and the low rates p r ton oer 'title, the oper­
N o w r a ils , m ile s
3 ,7 iL
3 ,2 1 7
et c h i ca r* (V o )
ating expenses, including taxes, were 83 85 per cent of th- F rSpreiat
U t d .7 5 * lt i . s t e e l
14
41
statistics—
gross earnings. There are included, however, in the operat­ E a r In n a p e r —
N ew t ie s . N o. I a io .2 0 8 .1 6 8 3 8 3 ,3 0 3
B a i l a u l a t d . c r a v o l 2 7 in .
5 1 in
1*39
1*43
ing expenses the »*p nditur*** mtde for ballasting and the
T o u p e t t n U e .o U .
rental paid to the Nashville Chattanooga & 3c L »uw Railway
Earnings, Etc.—The earnings, expenses aad charges f tr the
Company for the use of its road. item* wh en are usually twelve months, July 1 to June 30, have been compiled for the
charged respectively to construction account and to fixed C h r o n i c l e as f o l l o w s :
charges.
E A R N IN G !, E X PE N SE S AN D C H A R G E S .
Howl* Etc.—On July 1 ,139.5. the liabilities of the receivers, in­
E a r n in g s —
1 9 9 4 -5 ,
1 8 9 3 -9 4 .
cluding interest on the bonded debt du** and unpaid, exceed* d P a s s e n g e r ......................................................................... $ 1 , 8 5 6 , 8 2 9
$ 1 ,8 2 8 ,6 9 3
F
r
e
i
g
h
t
.............................................
2
,
5
1
1
.
1
0
1
2 ,7 1 6 ,6 4 2
their resource* by $799,438, Authority to pay c a p o n s on
2.97,854
294,426
certain mortgage hood* tnat were du- Julv 1. 1893, wts not Mail, express, e t c ----- . . . . . . . .................
granted by the Court until the 23d day o' July. 1895; henc** no
$ 4 ,9 3 9 ,7 6 1
T o t . g r o * * e a r n s . . . . . ...............
$ 4 ,0 5 5 ,5 8 4
Expenses—
payment of interest due on the bonded dent has been made
*738.928
$ 7 7 2 ,9 3 3
during the year. The interest due and u piid July 1, 1895, M •*a in , o ■f we qa oy i. Amo o n......................................................
1,184,683
t . . . . . . . . ................... . . . . . 1 , 1 1 1 , 5 5 8
w«s 4971,735. The last of the company’s c*r trust notes, T r a n s p o r t a t i o n ..............................
7 0 0 ,4 5 8
7 0 3 ,7 5 0
462,536
amounting with interest to $87,352 88, was paid Oct. 1, 1891.
G e n e r a l .................................................................................
4 5 0 ,7 4 2
Physical Condition—An to the condition o f the property the
$ 3 ,1 3 6 ,5 6 3
T o t a l ........................................................................... . $ 3 , 0 3 8 , 9 9 3
report says:
$ 1 ,7 0 3 ,1 9 8
W et
i r n l r t f - .................................................................... $ 1 , 6 1 6 , 6 0 1
(8 4 -8 0 )
T i t s p h y s i c a l c o n d t l o n o f t h e r o a d a t lit * o l o * * of t h e T # » r w a s f a i r l y
P e n ........ o f oner, expenses to e a rn in g s... (05-27)
0 <*1 . a l l t i t - a e e e u M W y r e p a i r * ’ ) , v 1f i . ;

§

ttt P i * * 0 « - « p t h e r > e l S t a y ,

rhlgea *i,d track I » safe ooodtlioa. 8t»tne improvement, have been
made tn s t t h . t l t tt ' g about 1 , 0 0 0 b r t t * o f now 7 ' * l b . A t e e l r a i l s for o\\
11 lit anil worn 5 » - l h . * • * « ! rail. In ballasting about 2 6 m il e * , * u d In
completing to# b a l l a s t log of altout lOo mite*, t h e s e e.pesdit trea
have he- ti c h a r g e d '« o crating expense There remain y e t •*' miles
o f light 54-pont 4 stssl rail in t h e m.ln Hoe w h i c h ought t o h e r e p la c e * !
by heavy rail a* «w n a* It I* po.eible to do so anti there are a b o u t Uve
mile* of dirt track yet to b# b»ll»*t-n and about 25 nine* or tr e t to he
f i l l e d I s . Burts* t h e year 1 * * 7 , 0 9 5 c r o * * t i e * w e r e p u t lath# track.
T h l * i* about i s . 0 0 0 tie* l*«low the average nomh r o f t i e * r e q u i r e d ,
b u t t h e r o a d I* g e n e r a l l y s o u n d l u U m b e r , a n d t h i s d e f i c i e n c y w iU s o o n
he b rou gh t op ,
C o n - I t e r * b 'o e x p e n d i t u r e s w i l l h a v e t o b e m a d e i n t h e n e a r f u t u r e
f o r re n e w d* o f b r id g e
a n d b r i d g e *tt j e r . t n i o t u r e , a n d f o r
p a i r - o r > t a l o o b u i l d i n g * . T h e t r - s t i - s , r e g e n e r a l t r In g w d c o a d l U m ,
b u t t h e r e * r e a b o u t t w e l v e s p a n s o f b r u l g * . v . r i l o g f r o u T*l t o 1 5 0
f e e t , o f i r o n a* d e o t n b l o a t i o n w o *d a n d i r o i , t h *t o u g h t t o b e r e p l a c e d
w it h h e , v i e - ir o u s f n a tu r e *
The
t s - m - v 1* g e n e r a l l y in v e r y b a d
c o n d it io n
A g r e a t tu m y e u l v e r t * a r e o u t o f r e o a t - .
T h e n u m b e r , , f fr . j g t j t e * r * o w n e d h r t h e e o u i p a n r a r e n o t e v e n s n f fle te n f t o m e e t th e re q u ir e m e n t* o f t o e p r e s e n t r e d u c e d v i u t m e o f
t r a ffic
t h e i n e o r o o t t v e a . n d e a r * a r e v e r y o l d , n o a d d i t i o n h , v ‘ Itg
bee
m a d e t o t h e r q u it m e i t s in c e 1 9 4 , a n d t h e y a r c o f t o , s m a ll c a
p a c - lt y f o r e e o n o i n > e a t t r a n s p o r t a t i o n
T h e r e c e v - r s . h r a u th o rity o f
th e C o u r t, h a v e m a d e a c o n t r a c t fo r th e c o n s t r u c t io n o f 2 0 0 v e n t ila t e d
b o x ea r*

masonry

re­

m

Conclusion—Th# revenue* of the roa d h ivs been lew than
for any year since 1830. Tnere are now tndica'i ms. however,
of a revival of busloep*. The ad vaoce in the price of ir in b*s
induced parties to put in hi tat several furoaocn on the fine of
the road 'hat have been idle for several year*, anl it is ex­
pected that other furnaces will resume work at no distant
day.
Operation*, etc.—The operations and earnings have been as
follows :

Deal n et —

I n te r c - t an il r e n t* .............................

$ 1 ,3 2 1 ,7 7 1

D i v i d e n d * .............................................................

2 9 8 ,5 0 1

T o t a l ................................................................ $ 1 ,6 2 0 ,2 7 2
B a l a n c e ................................................................................. d o f . $ ) , 6 7 1

Assets.

$ 1 ,6 0 8 ,0 3 9
s u r .$ 9 5 ,l5 9

G E N E R A L B ALAN CE SH E ET.

June 30, 1895.
C o n s t m e t i o u a n d e q u i p m e n t .............................$ 1 4 , 1 8 6 , 1 4 9
t - e a s e a c c o u n t s , < fco.. . . . . . . . . . . . . . . . . . . . .
7 ,9 5 4 ,7 4 7
S t o r k s o f o t h e r c o m p a n i e s ......... .. . . .
...
5 1 9 ,9 7 6

Sinning ftuid* .........

302,119

N ote * r e c e iv a b le . . . . .
D u e f r o m ft C e u U

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

..........
................. .......................
.....................
6 u o u iie s a n d m a te r i a l s . . . .
P a«h
...................................................... .....................
.....................
F u n d f o r p ,fe K b o n d s ............
.......................
T ota l

$ 1 ,3 0 9 ,5 3 8
2 9 9 ,5 0 1

.................................................. .....................$ 2 1 , 7 6 0 , 7 1 7

S ep t. 3 0 ,1 8 9 4 .
$ 1 4 ,1 4 9 ,4 1 1
7 ,9 1 6 .5 5 3
5 1 9 ,9 7 5
2 8 9 ,2 6 1
12D .O O O
1 1 3 ,3 1 2
2 5 6 ,1 0 9
4 9 > ,7 7 8
4 7 4 ,0 3 2

$ 2 4 ,3 1 3 ,5 2 3

L ia b ilit ie s .
S t o c k .................. ....................................... ............ . . . $ 4 , 9 3 4 , 3 0 3
.....................
lt.ooo
B o n d s <* e 3 0 P r L < M “*.NX). ------- . . . . .......... 1 7 , 5 5 5 , 0 0 0
3 4 7 ,3 1 7
I n t e r e s t a n d r e o t s a c c r u e * ! . . . .....................
.....................
8 6 3 ,3 0 4
.......................
2 9 9 ,7 1 8
B ills a u d it e d
.....................
.....................
2 .0 1 5

$ 1 ,9 9 4 ,9 0 0

11,000

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

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

5 0 ,0 0 0

5 0 ,0 0 0

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

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

1 6 ,2 2 4
5 6 1 ,0 1 0

....
B r i d g e f u n d ..............

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

- V . 61, p . 559 .

$ 2 4 ,3 1 3 ,5 2 3

THE CHRONICLE.

660

W estern U n io n T e le g r a p h C om pan y.

CReport fo r the year ending June 30, 1895.)
President Thom as T. Eckert says in part in his annual
r e p o r t:
Business.— There w as a decrease o f 824,922 messages trans­
mitted as compared with the previous year. W e transmitted
about 600,000 more full-rate messages, and the falling off in
the total num ber was principally in press messages, curtailed
in num ber ow ing to the recent depression in business, and the
diversion of press matter to the additional wires that we have
leased to the press associations. The average tolls received
were 80 7 cents per message. The average cost per message
w as 28'8 cents. The year’s business, taken as a whole, which
added $439,843 to the surplus, is I think gratify in g, especially
when it is remembered that we have maintained our divi­
dend of 5 per cent, and have at the sam e tim e continued to
m ake im provem ents. W ith the steady revival of business
w hich seems to have begun, and which is indicated by an im ­
provem ent in cur w eekly test office receipts, we have every
reason to believe that the current year w ill bring us a larger
measure of prosperity.
Stock.— The capital stock outstanding is $95,870,000, of
w hich $28,850 belongs to and is in the treasury of the com ­
pany.
W e have acquired the property o f the A m erican
Rapid Telegraph Com pany by the issue of W estern Onion
stock to the a m ru n t o f $550,000 at par. B y this purchase
the lease o f that com pany at a rental of $60,000 per year is
canceled.
Construction.— W e constructed 817 m iles of new pole line,
but the total length of pole lines was reduced 589 miles by
the transfer of w ires on highw ay lines to W estern Union
poles. W e also constructed 15,748 miles o f new wire, the net
gain being 11,859 miles. Over 10,000 miles of new wire are
o f copper. Tw o-thirds of the w eight o f the iron vs ires o f the
larger gauges is thus saved, and moreover the copper wires
can be used continuously through atmospheric conditions
that frequently disable the best constructed lines of iron w ires.
The cost of construction of new property for the year was
$574,639, and $16,000 was paid for patents. These item s were
provided for from the surplus.
Statistics.— The results for three years were as follow s, com ­
piled for the C h r o n ic l e :
R E C E IPT S A N D D ISBU RSEM EN TS.

1894 95.

1893-94.

1892 93.

Revenues for the year...................... 22,218,019

21,852,655

24,978,443

Operating and general expenses..11,667,414
Rentals of leased lines.................... 1,578,585
Maintenance and reconstruct,‘on.. 2,202,379
Taxes.............................................
429,362
Equipment of offices and wires___
198.889

11,676,597 12,497,464
1,637,430
1,660,428
2,024,(194
2,517,246
418,724
412,300
3(3.824
394,968

E x p en ses—

Total expenses.............................16,076,6 29 16,060,170 17,182,406
Profits.................................................. 6,141,390
5,792,185
7,496,037
D ts b u sem en Is—

For dividends..................................... 4,761,734
For interest on fionrtf......................
893,822
For sinking funds..............................
39,9! 1

4 ,74 ’',064
891,616
39,991

4,631,820
893,386
39,991

Total disbursements................... 5,701,547
Balance of profits.............................
439,>-43
Surplus July 1 (begiDtitgot year) 7,007,634
Capitalized iu November, 1892..........................

5,671,671
120,814
6,836,820
............

5,565,197
1,930,840
13,576,127
8,620,148

Remaining surplus.................... 7,007,634
Balance ( f profits for year..............
439,843

6,886,820
120,814

4,955,979
1,930,840

7,007,634

6,886,819

Nominal sur. Ju te30 ((nlofyear) 7,447,477
balance sheet june

A ss- Is.

30.
1895.

1894.

$

$

Telegraph lines: stocks nwned of leased tele­
graph companies in Wi ste n Union Co.’s
system ; franchises, patents. Ac.........
100,572,331
Slocks and bonds of leased tel cos received
in exchange for collateral trusi bunds . . . 8,397.500
Stocks of Dot leafed telegraph ana telephone
companies, and other seeuriti s.................... 7,295,558
Real estate.............................................................. 4,979,534
Supplies and materials
................................
243,483
Sundry accounts receit able, & e ....................... 2,560,010
Cash...............................
1,488,434
Sinking funds.......................................................
428,721
Total................

99,431,566
8,353.750
7,296 679
4,979,534
310122
2,283,572
1,768,266
412,387

125,966,171

124,865,876

Capital stock........................................................ 95,370,000
Funded debt.......................................................... 15,280,928
Gold & Stock Ti leg. Co for stocks of ether
companies held through lease of that companj until 1981..................................................
2,039,200
Sundry accounts (including dividend payable
July IS)................................................................ 4,230,383
Surp. of income prior to Oct. 1, 1881, appro­
priated for tel. lines aDd property (in excess
of the SI 5,526,590 stock dlstrlb't’d in 1881) 1,588,184
Surplus of income subsequent to Oet. 1, 1881,
plus llie portion of surplus of income prior
to Oct. 1,1 -8 1 ($629,759 91), that was not
appropriated as above..........................
7,447,476

94,820,000
15,261,134

L ia b ilit ie s .

2,039,200
4,139,725
1,598,184

7,007,634

Total................................................................... 125,966,171 124,865,876
— V . 61, p. 474.

GENERAL

IN VESTM EN T

NEWS,

Reorganization Plans, etc.—The following is an index to
all statements relating to defaults, foreclosure sales, reorgani­
zation plans, reorganization committees, payment of coupons,
and receiverships, of the principal companies, that have

[Y o l . LX I.

been published in the C h r o n i c l e since the last editions of
the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e m e n t s were,
issued, all earlier facts of this nature being set forth therein.
It does not, however, include matter in to-day’s C h r o n i c l e .
The following abbreviations are used: Plan for reorganiza­
tion or readjustment plan; coup, for coupon payments; def.,
for default; Com. for committee.
tmumeoi.
,
V o lu m e 6 1 .
P a g e,
A d d i s o n & H e n n a .,..d e f . 4 6 9 , 5 5 7
A l l e g h e n y & K i n z u a ........... sa le. 3 6 5
A t c h i s o n T . & S . F e .s a lc . 3 6 5 , 5 1 6
A t l a n t i c # P a c i f i c ..........s a le. 5 1 6
C h ic . S a n ta F e & C a l ....c l e f. 6 1 0
C o l o r a d o M i d l a n d ......... c o u p . 1 9 5
do
do
____ s ta tu s . 5 5 7
S t . L . & S . F ..c o u p . 1 5 1 , 4 7 0 ,

D i r , ODV
B i r m . S h e f f & T e u n . V L ...su le. 5 1 6
C e n t . R R . o f G a ....H a l e . 3 6 5 , 5 1 6
O li a t t . R o m e & C o l ............C om . 4 7 0
C h a t t a n o o g a U n i o n . . . p l a n . 61(>
C h i c a g o <fc A t c h . B r i d g e . . d e f , 5 5 3
C h i c a g o G a s .............................. co m . 6 l o
C h i c . & S o . 8 i d e R . T . C o . C om . 4 7 0
C h ic .P . & S t. L s a le . 2 8 0 , 4 7 0 , 5 5 8
do
do
...
. .p l a n . 3 6 j
C o l . & H o c k i n g C o a l & I .C o m . 2 4 0
do
do
s ta tu s . 5 5 8
C o lu m b . S. & H .s a t e .1 9 5 , 5 1 6 , 5 5 8
do
d o ..................... c o u p . 5 5 8
D e n v e r C i t y C a b ’ o ................s a le . 47<*
D i s t i l l i n g tfe C . F ................... s a le . 2 ? 1
F l o r i d a M i d l a n d ........... . . . C o m . 4 7 0
G e t t y s b u r g E l. 8 t . R y ..r e c v r . 5 5 S
G r e e n B .W i . & S t . P .p l a n 4 7 1 , 5 5 Q
H o u s t o n C i t y S t r ’ t K y . .f o r e e l . 6 1 1
K e n tu c k y & I n d . B r id g e .cou p. 2 4 0
K e n t u c k y M i d ........................... sa le. 4 2 0
do
d o . ................... co m . 6 1 1
K i n d e r h o o k & H u d s o n . . C om . 4 7 l
K n o x v . C u r n b . G a p & L . .s a le . 4 7 1
559
L i t t l e R o c k & M e m ......... p l a n .
do
do
............s a le . 6 1 1

L o u i s v . E v . & S t . L .c o u p . 3 6 6 ,
M a c o n & B i r m i n g h a m . . . s a le .
M a o o u & N o r t h e r n ..........p l a n .
M a r i e t t a & N o . G e o r g i a , sa le.
M e m p h i s <fc C h a r l e s t o n . . c o u p .
N . Y . L . E . & W . s a le . 3 2 5 , 4 7 2 ,
do
d o ............ p l a n . 3 6 6 ,
N . Y P e n n a . & O h i o ......... p l a n .
N o r t h e r n P a c it io . ..r c c v s .5 5 9 ,
O h i o S o u t h e r n ........................c o u p .
O m a h a & S t . L o u i s . . . r e c . c lfs .
O reg on Im p ro v ’t C o ..f/c /.5 6 9 ,
O r e . R y . & N a v . s a J e o f c o l. 1 5 2 ,
517,
do
do
s a le . 2 4 1 , 4 7 2 ,
do
do
. . . p la n . 3 2 5 ,
O r e . 8 . L . & U . N . d ec. o f fo r e c l.

559
611
471
281
196
559
559
472
611

367
611
611
612
517
517

241 ,5 17 , 612
do
d o ......................... com . 4 2 0
U t a h S o u t h e r n ................... co m . 6 1 2
P e o r i a D e o . & E v ................ c o u p . 3 6 7
do
do
................... p l a n . 3 6 7
do
do
c o m . 4 3 1 , 5 1 7 , 569*
P h i l a . & R e a d ......... fo r e c l . s u it. 5 1 7
P o r t R o y a l & W e s t . C a r ..s a £ e . 2 8 2 .
P u e b l o C i t y R y ......................s a le . 4 7 2
S a v . A m e r . & M o n t .p l a n A l O , 6 1 0
8 a v a m i a h & W e s t s a le . 3 6 5 , 4 7 0
S e a t t l e C o n s . S t . R y .p la n .5 6 < * , 6 L 2
U u i o n P a e .c c m /> .1 5 3 . 3 7 7 , 5 1 8 , 6 1 2
U. P . e q u ip m e n t b o n d s . , co u p . 4 3 1
U n it e d S t a te s B o o k C o . com . 4 3 1
U . 8 . C o r d a g e . ......................... C o m 3 2 8
V a l l e y o f <)h io .s a le . 1 9 8 , 4 7 3 , 5 6 9
W a c o & N o r t h w e s t e r n . . .s a le . 4 3 1

.American Spirits Manufacturing—Distilling: A Cattle
Feeding—Greenhut Settlement Approved.—At Chicago on
Oct. 5 Judge Showalter entered an order approving the
agreement entered into between Messrs. Greenhut and Morris
and the New York representatives of the reorganization com­
mittee. The agreement as presented to Judge Showalter is
reported as follows:
A f t e r a fu ll in v e s t ig a t io n o f a ll th e f a c t s a s e t t le m e n t h a s b e e n e f
f e c t e d o f a ll t h e p e n d in g lit ig a t io n a n d o f a ll d i f f e r e n c e s b e t w e e n
M e s s rs . G r e e n h u t a n d M o r r is a n d t h e D is il li n g & C a t t le F e e d i n g
C o m p a n y ’s re o r g a n iz a tio n c o m m itte e on th e fo llo w in g te rm s :
1. A ll s u its a n d c la im s a g a in s t M essrs. G r e e n h u t a n d M o r r is a r d
a g a in s t th e d ir e c to r s o f th e D . & C. F. C o. a re d is m is s e d a n d r e le a s e d
-w i t h o u t c o s t o r e x p e n s e t o e i t h e r p a r t y .
2. T h e s u m o f $ 1 5 0 ,0 0 0 is p a id t o M r. N e ls o n M o r r is u p o n t h e c l a i m s
f ile d b y h im a g a in s t t h e c o m p a n y , o f w h ic h $ 1 0 0 ,0 0 u is iu c a s h a n d
$ 5 0 ,0 0 c i n b o n d s o f t h e n e w c o m p a n y a t p a r .
3 . M e s srs . M o r r is a n d G r e e n h u t s e ll t o th e n e w c o m p a n y th e b o n d s
o w n e d b y th e m , a m o u n t in g t o $ 3 7 4 ,0 0 0 , p a r v a lu e , fo r $ 4 8 0 ,7 0 0 , b e ­
in g a t th e ra te o f a b o u t 5 7 p e r ce n t.
4 . A ll s u its a ffe c t in g t h e r e o r g a n i z it io n a r e w it h d r a w n , a n d a l l
s to c k h o d e rs b e c o m e p a r tie s to th e re o r g a n iz a tio n .
5 . O t h e r b u s in e s s d e t a ils a ffe c t in g t h e r e o r g a n i z a t i o n h a v e b e e n
s a t is fa c t o r ily a d ju s t e d .— V . 6 1 , p . 6 1 0 .

Atchison System— Itlantic & Pacific R R .-D ep osits.—
Guaranteed 4 per cent bonds to the amount of $17,645,000
have been deposited with the State Trust Co. No circulars
have recently been issued, and there is nothing new to report
in respect to the affairs of the road.—V. 61, p. 516, 610.
Atlantic & Danville Ry.—Mortgage Filed.—The new mort­
gage for $1,500,000 has been filed. The Mercantile Trust Co,
is mortgage trustee. —V. 58, p. 873.
Bank of America (New York City)— Reduction o f Stock.—
In accordance with a vote of the stockholders the capital stock
of this bank bas been reduced from $3,000,000 to $1,500,000,
Stockholders of Oct. 15, 1895, will be entitled, upon surrender
of the certificates of stock then held by them, to receive on
Ncv. 1 one-half of the par value of their holdings in new cer­
tificates covering shares in the reduced capital, aud one-half
of the par value of their holdings in money.
Bank o f New Amsterdam.—Listing.—The $250,000 capital
stock of this bank bas been listed on the New York Stock E x­
change.
Belt Ry. o f Indianapolis,—Indianap >lis Union.— Tax
Settlement.—It is reported from Indianapolis that the State
Tax Commission and the Indianapolis Union RR. Co. which
owns the Belt road and the Union Station have settled their
differences. By the agreement, which is subject to the ap­
proval of the Supreme Court, the company is to pay its back
taxes due since 1891 with 6 per cent interest on an appraise­
ment reduced from $5,000,000 to $4,000,000, and is to concede
the Tax Board the right to fix the valuation hereafter at what
it deems proper. Under this arrangement it is said (he com­
pany will pay into the county treasury about $200,000.
Dividend.—The Belt Railway Company paid its usual divi­
dend on the preferred stock and 2 per cent on the common
stock in July, 1895. An error with respect to this in a former
issue was occasioned by a misuse of the word “ passed” in an
Indianapolis paper.
Central RR. & Banking Co. o f Georgia.—Foreclosure Sale.
—The property of this company was sold on Monday under
foreclosure of the consolidated mortgage, and subject to the
tripartite mortgage, to Samuel Thomas and Thomas F. Ryan,
the reorganization committee, for $2,000,000.
Sale o f Sav .nnali & Atlantic Ry.—The foreclosure sale of
his road is advertise d for Nov. 2.—V. 61, p. 516.

O ctober 13, 1885,]

THE CHRONICLE.

Called Bond*,—'The follow ing bonds have been called for
•payment. The numbers may be learned at the offices o f the
respective companies:
J effersonville Madison & I ndianapolis UK.—Two hun­
dred and twenty-six bonds dated Oct. 1, 1866, have been
draw n for payment on presentation,
L ehigh V a l l e v RR.—Messrs. J. 8. Morgan & Co., in Lon
don. w ill pay at par, on Dec. 2, 833 8 p. c. class “ A ” bonds.
— V. 61, p. 558
P ennsylvania Co m pan y .—Thirty-eight 8 p. c. bonds of
1007 will be redeemed Oct. 38.—V. 60, p. 1010.
St . L ocus & San F rancisco .—Five of the Mo. & West. 1st
M. 6 p c. bonds have been drawn for payment on D ec. 1,—V .
61, p. 557.
Central RK. ft B a n k in g Co. o f G eorg ia -S a v a n n a h &
Western R y.—Foreclosure Sale -T h e property of the Savan­
nah & Western was sold Saturday last under foreclosure of
the first Consolidated mortgage o f 1889 and bid iD for $1,500,000 by the bondholder^* committee.
The sate was made sub­
je c t to the rights, liens and equities of the first mortgages
executed by the Columbus & Western RR Co. and the Co­
in ubu* & Rome RR. Co. and o f mortgages o f the R une &
Carrollton RR. Co. and the Chattanooga R ime & Columbus
RR. Co.—V. 61, p. 470, 516.
C hicago P eoria A- St. Louis RR. —St. Louis Alton & Terre
ILiate R R —Fored m u re Salt: —Confirmation of the sale of
the Chi.-ag > P o r n & St. L mis is delayed by the suit of
L w is H. Loss, a Chicago contractor, to whom the road was
heavily indebted.
Mr, L sa claim s that the order of sale did
not properly protect the settlement of his debt. The case
cornea up for argument before Judge Allen at Springfield,
111., on Monday.
Agreem ent with St Louis Alton A Terre Haute— It appears
uestionable whether after all the proposed transfer of the
hieago Peoria & St Louis to the S l L mis Alton & Terre
Haute will be carried out.—V. 81, p. 593,
C b ic o g i A Snath Side R ap'd T ransit,—Receiver.— Marcel­
las Hopkins, President of the com pany, was appointed its
receiv e on Saturday on application of the Northern Trust
C o.an d Illinois Trust Jt Saving* Bank, the trustees respectively
o f the tw o mortgagee, Interest on both o f which to in default.
Reorganization. — It is reported that over 48,000 shares of
stock out of the existing 78,000 have been deposited with the
committee o f which Mr. Mitchell to Chairman, and that the
additional member* o f the com m ittee will soon be ap­
pointed and a plan o f reorganization be prepared.
Change o f Mortgage Trustee.—There w contention between
the first mortgage and the extension m ortgage bondholders as
to whether or not the extension bonds are in fact a first lien,
o r arc aul.j-ct to the lien of the tint mortgage of 1889. The
extension bondhold-r* claim that they have a second lien
only on a portion o f the first section and first lien on the
remainder of the road as wet! as the entire equipment. In
view o f the opposing interests o f the tw o loans, the Northern
Trtut Co. ha* resigned aa trustee o f the extendon mortgage
and the Illinois Trust & Baring* Bank has been appointed
trustee in its stead,— V 61, p. 470,
C ltfz-.K - Tract la g— Fort P itt Street By. (P ittsb u rg )-*
Lease J ta tifb t —The stockholders o f the Cfitiz-nV Fraction
Co. on X o'iii iy voted to l - w their road for 05 ) y e m to the
Fort Pitt Traction Co , o f which C. i. Me<: • is President.
The rental is to be dPWWW yearly, payable semi annually
(190,000 each May 18 and Nov. 10) and also all taxes, etc.
The Fart Pitt Co. agrees at its ow n expense, prior to Nov, 1,
1897. to ree instruct and equip that portion of the system now
operated with cable as an electric road. The !<■*- •« moreover
agree* to p iy principal and interest on the outstanding bond#.
Possession o f •he ros 1 is to b - taken Nov. I, The promoters of
the Fort Pitt Traction and of the Consolidated Fraction ire in
d o e * accord, and It to expected tb it the anion of other Pitts­
burg Hoe# will spiedily fo llo w ,—V, 61, p. 518,
f i t ) A Suburb m By. ( Balt 1® ora,)—■Listing— New stock
fo r I t ,000,000, making 'h e total (4,000,000, ha# be*n limed on
the Baltimor • S ick Exchange. Tin* com pany's figures of
earning-* and the balance sheet are g iv ,» an a preceding
page under the heading “ Annual Report#,” —V, 80, p. 181.
Cleveland T erm in al a T alley By.— Valley Uy, o f O h io—
B altim ore A Ohio RK ,—Reorganized Com pany.—The Cleve­
land Terminal & Valley Railway Company, with a capital
stock o f f7,4iKi,000r ha* been organized as successor to the
Valley Railway of Ohio, The follow ing officer* were elected:
President, Thomas M. King, of Pfailadt Iphia; Vice-President,
8* cretnry and Treasurer, Henry M. K eim ; Directors—Thomas
M. King, of Philadelphia; W . H Blackford and \l**x. Shaw,
o f Baltimore; L. V, Bochins, of Canton; Q. A. Oirretaon,
J. H McBride, Etenry M. Keitn, 8. T. Everett and F. H. Guff,
o f Cleveland The property is now controlled by the B drimore & Ohio. Extensive addition# to the terminal facilities
at Cleveland are proposed—V, 81, p. 580.
C olorado Coal A Iron D evelopm ent,—Ltoft'usr —This com ­
pany ha# listed on the New York Stock Exchange $500,000 5
per cent n *n cum ulative preferred stock,—V. 59, p. U41,
C olam bns A H ocking Coal A Ir o n — Foreclosure—The Seudder Co em itter announce# that a majority of the bonds have
been deposited with the Central Trust Co. and that Nov. 1 has
b*en fixed a* a limit for

receiving further deposits.

Messrs.

John H Dsvi* & C o., who represent a large interest in the
bonds, oppose foreclosure a# unnecessary and Invite holders
to com m unicate with them.—V . ‘61, p. *538.

661

Dallas Ry. & Union D epot.—Mortgage Filed.—1
Thto com ­
pany, which proposes to furnish terminal facilities for all roads
entering D ill is, Tex., has filed a m irtgage for $500,000 to the
St. Louis Trust Co. as trustee, covering its franchis s, the pro­
posed Union Station, tracks, etc. Construction is in progress.
Duluth A Iron Range R R .—M innesota I r o n .— Earnings. —
Che earnings of the D iluth & Iron Range RR., which is owned
by the Minnesota Iron Company, have been greatly stimulated
by the activity ia the iron trade. For the first eight m m th s
of 1894 ths follow ing figures are published :
8 months. Oro‘8 earn. Met earn.
Interest. Rentals
Sat., su r.

1495 ......... $ 1 ,5 0 3 ,9 3 1

$ 3 5 0 ,1 5 1

$ 1 8 6 ,3 7 2

$ 1 ,1 6 0

$ 6 8 2 ,5 2 2

—V . 61, p. 153.
Eastern T ran k Lines.—Agreem ent.—In the editorial c o l­
umns of to-day’s pap°r is published at length the important
traffic agreement proposed for the settlement o F trunk line
difficulties—bath the original agreement and the agreement in
its modified form as presented at Thursday’s meeting. A t
this meeting G.-orge B. R iberts, President o f the Pennsylvania
lines, presided, and after the adjournm ent he authorized the
follow ing announcement: “ The proposed traffic agreement,
as revised and amended by the Committee o f Ten app dated
by the presidents September 30, was considered in detail by
the presidents to-day and further amended by them. It was
thereup on referred back to the Committee of Tea for a final
revision and re-arrangement of articles and sectio a, and w ill
be finally considered by the presidents at a further meeting to
be hereafter appointed.” 1 1 other wards the representatives
of the companies adopted th * plan, witb some trivial amend­
ments, and turned it over to the committee in order that it
might be put in proper shape to receive the signatures o f the
official* o f the several companies.
The Committee o f Ten to which the agreement is referred
for final adjustment consists o f Horace J. H tyden, E. B.
Thomas, L, J. S-argeant, O icar O Murray, D S. Gray, J. B.
Garrett, C. M. Hays and V ice President Duncan o f the Balti­
more & Ohio Southwestern.
The next meeting o f the presidents, it ia thought, will be
called about the end of this mouth. In the meantime the agree­
ment will be submitted to the boards o f directors o f the sev­
eral roads, and doubtless all of the trunk line presidents will
Im>authorized to take final action on the measure when they
ra-assemble in the Trunk Liue Association offices.
The meeting Thu ■lay was largely attended, the several
systems being represented as foil >w<. New York Central, by
Cbauncey M. Depew, president; H orace J. Hayden, 3d viceoresident and George H , Daniels, general passenger agent.
The IVnnsylm nia system by George B. R .berta, president;
Frank Thomson, 1st vie -pre'-ident; James McCrea, 1st vice
president o f the lines west of Pittsburg; W . H. Joyce, gen ­
eral freight agent, and J. R. W ood, general passenger agent.
(Ira n i Trunk system by L j , Seargeant, general manager,
and W J, Spi.-or, traffic manager. The Eric Railway by
<», G, Cochran, traffic manager. Chesapeake A Ohio and the
Cleveland Cincinnati Chicago A St. Louis system by Mel­
ville E. Ingalls, president, and Oscar G. Murray, vice-presi­
dent, HV.-f Shore by J. D. Layng, general manager, and
Percy k Fodtl, traitt • manager. The L ik e Shore by 1>, W .
Caldwell, president, B tltimore A Ohio hv Charles F. Mayer,
president; Orlaud Smith and C. K. L wd, vice-orealdente.
and Ftank H irrioU. rraffle manager. Philadelphia A Readl i n g by Joseph li. II irris, president, and B. II Bail, gen ­
eral freight agent, Jersey Central by J. Lowrie Bell, general
traffic manager. Lehigh Valley by E P. W ilbur, president,
, and J, B. G irret-t, vice -president. New York Ontario A
Western bv T. P. Fowler, president. Michigan Central by
I H. B ivdyurd, president. New York Chicago A St. L ou is
by 8. fi. Callaway, president. The W abash by O D. Ashley,
president, ami the Delaware Lackawanna <fc W estern by
8anm*d Sloan, president, and B, A. Hegem on, traffic man|ager,—V. 01, p. 470.
Erie & Central New York RR —Construction— 1This road
is being built from Cortland to Ctneinnatus, N, Y ., through a
i fertile region, and ia rapidly nearing completion, It ia ex­
pected that regular trains will be running early in Novem >•■*<• 7ha road is being built and equipped in a substantial
manner. Part of the rolling stock is expected this week.
Next season it will be extended to connect with the Erie and
also with the D 4 1 1 RR. No hoods have yet been issued.
J. 8. Bull, o f Cortland, N. Y , ia G uera! Manager,— Railroad
Gazette.— 7. 61, p. 470.
F itch bu rg R R .—New Sfofil:—Permission haa been granted
to issue $680,000 new preferred stock, to be exchanged share
for share for the stock of the Brookline & Pepperell and the
Brookline & Milford roads,—Y. 81, p, 610.
F lorida Southern RR —Savannah F lo rid a & W estern —
.Yew Bonds —To provide funds nec ss try to pay for certain bet­
terments and extensions, the Florida Sou them RR Co, requests
bids for $180,000 first mortgage bonds, due 1945, for $1,000
each. The Florida Southern RR , w hich formerly belonged
to the Jacksonville Tampa & K y West system, owns 347
miles of road and is now operated as part o f the Plant system,
Frank Q Brown of Boston is President.—V . 60, p. 607.
F ort W orth & Denver City R y .—L is tin g — There have
been fisted this week on the New Y ork Stock Exchange
(8,085,000 Mercantile Trust Company certificates of deposit for
first mortgage 6 p»r cent gold bonds o f 1893.
The reorganization committee of the first mortgage bond­
holders accordingly gives notice that a majority of the first

THE CHRONICLE.

662

mortgage bonds are now in control of the committee and that
the receipts of the Mercantile Trust Co. have been listed, as
above stated. Holders who have not deposited their bonds
are requested to do so now, as the committee will at once
proceed to ask necessary authority from the courts to reor­
ganize the cornpanv without foreclosure. See advertisement
on another page.—V. 60, p. 1104.
Galveston City UR .—Change o f Manage ment.—William
H. Sinclair has sold his large interest in this road to a syndi­
cate and has resigned the presidency of this company, Julius
Runge. of Galveston, having been elected his successor.—V.
60, p. 928.
Inter-State Consolidated R y.—Bonds Authorized—The
Massachusetts Railroad Commissioners have approved the
issue of $90,000 out of the $250,000 of the 5 per cent 20-year
bonds asked for by this com pany—V. 60, p. 748.
Kansas City & Omaha RR.—Union Pacific liv.—Receivers.
—On application of the first mortgage bondholders’ commit tee for a separate receivership, Judge Sanborn, at St. Paul on
Saturday, appointed the Union Pacific receivers, Messrs
Clark, Mink, Anderson, Doane and Coudert.—Y. 60, p. 1009;
V. 61, p. 612.
Kansas City Watkins & Gulf Ry.—Subsidy.—1
The town of
Alexandria, La., has voted to authorize a tax sufficient to
raise $150,000 to secure the extension of the Kansas City W at­
kins & Gulf from Alexandria to Natchez and Shreveport.
—Y. 60, p. 562.
Lake Street-Elevated R R .—Ziegler Interest.—Henry Zieg­
ler, who represents it is understood about $800,000 bonds that
have not come into the reorganization plan, on Tuesday
served notice on the Farmers’ Loan & Trust Co., trustee, to
foreclose the mortgage for non-payment of the January and
July interest. The railroad company thereupon authorized
the payment of the January coupons with interest thereon.
Payment of the coupons without interest had previously been
tendered and refused. This payment prevents any further
foreclosure proceedings at present. It is questioned moreover
whether Mr. Ziegler on so small an amount of bonds can require
foreclosure, for under the terms of the mortgage, it is under­
stood, the trustee is obliged to institute foreclosure suit only
on request of a majority in interest of the bonds. Mr. Zieg
ler’s suit asking for an injunction against the company, re­
straining it from carrying out various contracts, comes up on
appeal next week. On the other hand a suit has been brought
against Mr. Ziegler as a director to secure an accounting.—V.
61, p. 431.
Lehigh Y a ll“y R R .—Earnings.—The fiscal year of this
company ends November 30 but earnings for the year ending
June 30, 1895, were as follows :
C ro s s .
1 8 9 4 -9 5 ..$ 1 8 ,0 2 6 ,4 1 8

N e t.

O th e r in c .

C h a rg es.

$ 4 ,5 0 2 ,0 8 0

$ 1 ,2 8 2 ,8 0 0

$ 5 ,3 U ,9 6 1

B a l . ,s u r p .
$ 4 7 2 ,9 1 9

Until August 1, 1893, the road was operated by the Phila­
delphia & Reading. For the eleven months from August 1,
1893, to June 30, 1894, earnings were :
C ro s s .
1 8 9 3 -9 4 ..$ 1 5 ,8 4 4 ,9 6 0
— Y . 61, p. 558.

N et.

O th e r in c .

$ 4 ,2 5 6 ,0 9 4

$ 1 ,5 6 1 ,3 9 6

C h a rg es.

B a t ., s u r p .

$ 4 ,7 4 9 ,6 7 6 $ 1 ,0 6 7 ,8 1 -4

[VOL. LXI,

and station facilities aggregating §830.930. The company has
acquired 11.552 shares of the capital stock of the Snepaug
Litchfield & Northern RR. Co. Tne increase of the company’s
stock and debt wdl not, the officers believe, interfere with the
continuance of dividends at the rate of 2 per cent quarterly.—
V. 61, p. 611.
New York Susquehanna & Western Uy.—Listing.—There
have been listed this week on the New York S ock Exchange
$1,050,000 additional general mortgage 50-year 5 per cent
gold bonds, making the total amount listed $2,300,000.
—A statement of earnings for the year ending June 30,
1895, compared with the previous year is as follows :
1 8 9 4 -9 5 .
( 1 2 m a s.)
$ 1 ,7 5 3 ,3 5 9
1 ,1 5 6 ,5 0 5

1 8 9 3 -9 4 .
( 1 3 m o s .)
$ 2 ,0 8 8 ,1 4 1
1 ,1 8 4 ,4 2 2

Net income......................
Inoome trom other sources.

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

$ 9 0 3 ,7 1 9
2 7 ,4 9 9

Total...........................................................
Fixed charges, taxes and interest..............

$610,374
751,750

$931,218
735.268

Gross earnings.......
Operating expenses

B a l a n c e .............................................................................. * d e f . $ 1 4 1 , 3 7 6

t s u r .$ 1 9 5 ,9 5 0

* This detioit w a s oau sed b y tlie p a rtia l s u sp en sion o t c o s t tra n sp o r­
tation (luring the m on th s o f J u n e , J u ly . A u g u s t and S e p te m b e r, 1 89 4 .
w h ich sh ow ed a net loss o v e r th e sam e m o n th s o f th e p re v io u s y e a r ot
$1 1.S59 90. (D iv id e n d p a id , $ 1 2 0 ,0 0 0 , le a v in g su rp lu s $ 7 5 ,9 5 0 .
—V . 61, p . 420.

North & East River Ry. (New Y ork )—foreclosure Sale.—
This road was purchased at foreclosure sale on Thursday for
$50,000 by John H, O’Rourke, the contractor who built the
road, and who it is said owns over nine-tenths of the out­
standing bonds.—V , 61, p. 517.
Northern Pac'llc R R .—Receivers.—On Monday at Helena,
Mon., Judge Knowles confirmed the appointment of Andrew
F. Burleigh, made by Judges Gilbert and Hanford, in the
districts of Washington and Oregon, and appointed Gaptain
James H. Mills, of Helena, and E. L Bonner, of M ssoula,
receivers for the district of Montana. The Court also refused
to accept the resignations of former receivers and removed
them instead,
The adjourned hearing on the application for the accept­
ance of the resignation of receivers Payne, Rouse and Oakes
came up yesterday before Judge Lacombe in this city. The
motion was again adjourned upon the apolication of the
plaintiff corporation, the Farmers’ Loan & Trust Company,
who, through Mr. Turner, expressed their willingness— in ac­
cordance with the policy previously suggested by Judge
Lacombe—to allow further opportunity for the Federal
courts in the West to unify their action. No opposition was
made on behalf of the Northern Pacific Company, and Judge
Lacombe therefore ordered an adjournment for one week.
In the meantime, under an order from Judge Lacombe, the
old receivers are restrained from turning over to their suc­
cessors any of the money or property within their jurisdic­
tion.
Efforts are still being made to bring about an agreement, so
as to secure one set of receivers for the entire road; it is be­
lieved these efforts will eventually be successful.
Improvements.—The receivers are preparing to lay the new
steel track in accordance with the report of ex-receivers
Oakes, Rouse and Payne, recently approved by Judge Jen­
kins. The cost, according to their report, after deduction of
the value of the rails taken up, will be $2,500,000, which they
recommended should be expended daring the next five years
at the rate of $500,000 a year, to be taken out of earnings. The
purchasing department has just awarded contracts forsuoplying 500,000 ties during the next year to W . C. Davies of Taco­
ma and T. F. Greenough of Missoula, Mont. The ties are to
be laid when the first of the new rails are put down,—V . 61,
p. 611.
Northern Pacific R R .—Central Washington R y.—R e­
ceiver's Report.—Receiver Chamberlain, of the Central Wash­
ington RR , in his report to Judge Hanford, at Spokane, is
reported as saying in substance:

Louisville St. Louis & Texas By.— 'Reorganization Plan.—
The two committees representing respectively the firsts and
consols are conferring on a reorganization plan which will
shortly be made public.—V. 60, p. 83.
Marietta & North Georgia By.—Foreclosure Sale.—At A t­
lanta, Ga., Oct. 4, Judge William T. Newman, in the
United States Court, issued a decree reducing the minimum
upset price of this road from $940,000 to $750,000. The sale
is to take place in forty-five days after the filing of the decree,
which it was thought would take place this week.—V. 61, p.
281.
Missouri Kansas & Texas— Supplementary Mortgages—
This company has filed a supplemental mortgage, conveying
to the Central Trust Co. of New York, as trustee, the line
from Green Ridge to Holden, Mo., thirty-five miles. The con­
I b e h o v e tlia t t b e e a rn in g s o t t b e ro a d co u ld be in c r e a s e ! fu lly 66
veyance is made to secure the payment of bonds to the p e r ce n t b y an e x te n s io n w e st less th a n 5 0 m iles, a t a o o s t n ot t o e x ­
ceed
$ 5 0 0 ,0 0 0
The p re s e n t h e a v y o p e r a tin g e x p e n se s are la r g e ly a c ­
amount of $330,000. This is the recently-acquired St. Louis co u n te
d fo r bv its e a rn in g s g o in g to w a rd p a y in g tb e sa la rie s a n d e x ­
& Kansas City RR. reported in our issue of Sept. 14, and p en ses fo r nffle rs an d ofllees tlia t a re e n d rely u n n e ce s sa ry fo r t b e
forms the connecting link in the M. K. & T’s new line be o n e ra tio u o f tb e roa d . B ut v e r y little a tte n tio n , if a n y, b a s b e e n
sh ow n b y its p re s e n t lessee t o w a rd In cre a sin g its lo ca l bu sin ess. I am
tween St. Louis and Kansas City.—V. 61, p. 471.
sure th e ro id is b e in g o p e ra te d u n d er v e ry g r e a t d isa d v a n ta g e , a n d
Monterey & Mexican Gulf,—Receiver Discharged.—Re­ s h o u ld th erefore b e m ad e an in d e p e n d e n t lin e .— V . 6 1, p. 6 1 4 .
ceiver J. A. Robertson was discharged on the 10th inst. and
North Shore Traction—Listing—The common and pre­
the property turned over to the syndicate The receiver sub­ ferred stocks of this company have been listed on the Boston
mitted a report showing that during the first seven mon'hs of Stock Exchange.—V. 6J, p. 795.
the present year the gross earnings of the road were $723,388
Orange Mountain Cable RR.—Safe.—This road was sold at
and the expenses $490,782, making the net earnings $232,605,
During Mr. Robertson’s administration there has been in­ auction Oct. 9 to Charles E Eimerman of Philadelphia for
vested in permanent improvements $102,805; in the exiension $10,550, in pursuance of an order of the Court of Chancery.—
of the wharves at Tampico, $20,590; in general warehouse, V. 61, p. 366.
$237,757; in locomotives, $161,955; in freight cars. $.’67,346;
Oregon Improvement.—Receiver—la view of the default
in improvements of other kinds, about $162,000.—V. 60, p 562.
on October interest Judge Hanford of the United States Dis­
New England R R.—Stock.—The new stock certificates will trict C mrt at Seattle on O :t. 4 appointed G.
Smith receiv­
be exchanged for the reorganization receipts on and after er of the company upon application of the Farmer,’ L iau &
Oct. 15.—Y. 61, p. 611.
Trust Company of New York, the mortgage trustee. Mr. Smith
New York New Haven & Hartford RR.—Annual Report - lives in Seattle and has for several years been theG-neral Mana­
The annual report now at hand confirms the telegraphic ger for the c >mpaoy. The apolication for a receiver was made
report of its contents. It further shows that large chaiges t ■ upon'the request of W. H. S'arbuck, the former President of
operating expenses have been made as usual to reprrsent de­ the Oregon company, and his associates. It was a surprise to
preciation. Among these are expenditures for new equipment the present management, which only recently displaced the

THE CHRONICLE.

O ctober 12, 1895.]

Siarbuck interests. They had not supposed that a receiver
could be appointed at present.
Reorganization Committees.—A conomittpe consisting; of
John (i. Moore, of Moore & Schley; John I. Waterbury, Pres,
of Manhattan Trust Co.; T. Jefferson Coolidge, Jr., Pies. Old
Colony Trust Co , Boston; Henry W. Cannon, Pres. Chase
National Bank; Edwin S. Hooley, of Rolston & Bass: Jutes
S. Bache, of J. S. Bache & Co., and Simpson, Thacher & BarDum, Counsel, invite holder of first mortgage bonds, consol­
idated mortgage bonds and stock to deposit tne same wi h tne
Miiohat’ an ['rust Company, No, 1 Nassau Street, New York,
or the Old Colony Trust Company, Ames Building, Boston,
under a preliminary agreement, copies of which may be ob­
tained from either depositary. Any depositor may withdraw
his securities without charge if he is dissatisfied with the
plan when issued.
Another committee consisting of Henry Hentz of Henry
Ht-ntz & Company, New York; Stuart Gr. Nelson, Vice-Presi­
dent Seaboard National Bank, N. Y .; Col. Francis Peabody,
American Loan & Trust Co., Boston; B. F. Tracy, of Tracy.
Board mao <ft Piatt. New York, request holders of the consols
and of the stock to send to the Farmers’ Loan & Trust Com­
pany, New York, the amount of their holdings and their
address. It is intended to present a plan for the protection
o f their common interests at an early date.
See. further particulars as to both these notices in the ad­
vertising columns o f to-day’s Chronicle.—V. 61, p. 611.
Oregon Railway k Navigation —Sale Ptntponed—Rcorganization.—The sale of this road, advertised for the 8th instant,
was deferred on the application of Boston stockholders. They
are seeking to obtain a stay of six or eight months, and a
modified plan of reorganization which shall at least give the
common stock a greater voice in the management or some
assurance as to the disposition of surplus earnings. Under the
present plan the preferred stock controls ten of the fifteen
directors. The case of the Boston stockholders will be beard
in the Court of Appeals, where it cannot come up until some
time in the winter.
The majority interest in the stock are now considering the
plan and nave not yet determined as to the course they will
pursue.—V. 61, p. 612.
Paducah Tennessee k Alabama RR.—Reorganization,
—The reorganization committee consisting o f Thomas II
West, Alvah Mansur. John L. Boland, John T. Davis and
A. B. Lamb gives notice to the bondholders that a plan for
the reorganization of the company is on deposit with the St.
Louis Trust Company at St. Louis. Bondholders are invited
to Income parties thereto and to deposit their bond*.
Foreclosure Sale.—The sale is set for Oct. 18.—V. 61, p. 69.
Philadelphia * Reading KR,—Distribution o f Stock.—Ac
cording to tne Philadelphia Inquirer the approximate distri­
bution of stock between Philadelphia, New York and London,
as compared with a year ago, is as follows:
1ftwS
|394
Philadelphia ........................................................
New Y o r k ......................................
L o n d o n ..................................................................

375.000
275,000
150.000

500,000
226.000
7 5 ,0 0 0

“ In the vear Philadelphia has sold 125.000 shares of stock,
of which New York has bought 50,000 shares and London has
bought 75,000. There is nothing in this to indicate any con­
centration of stock by New York capitalists, and a more
likely explanation of the movement is that it is due to pur­
chases for speculative account in the two cities.”—V. 61. p.
569.
Richmond Mcholasvllle Irvine k Heattjvllle lilt.—
Foreclosure Sale, Etc.—The following is from the Louisville
Courier Journal:
Affairs have now reached a stage w b»n the bondholders m int be
about acting 1 r themselves. Inasmuch as the property has been or­
dered by tti- United Stales cou rt to to- *o n tn January. They have
yecoanlred tbl» fact and have be-tin working for their interest, with
the aim o f edeoitna a reorganization o f the properties, fc la lhontrtit
that somet hing may be done whereby the lienholders will join with the
bondholders in the reorganization.—V. 60 , p 837.

Schuy U i11 Traction.—Annual Report.—This company of
Oirardville. Pa., reports as follows for the year ending "Sep­
tember 30 ;
Tears—

d ross

y a

tamings. earnings. Tases.ete.

1 8 * 4 - 9 5 ...................$;Ml,»hl 238,130
1 * 9 3 -9 4 ..................... 89.28*
— V. 60, p. 786.

*1,770

In te rest

B a la n ce.

onbotats. surplus.
*2?.,0OO
25,000

*w,ih>0
6,724

Union Pacific Ry.— Reorganization.— N e w a n d im p o r ta n t
fin a n cia l a n d ra ilro a d in terests havei und* rta k en th e ta sk o f
r e o r g a n iz in g th e U n io n P a c ific . A p lan has been m a tu red
w h ie n w ill b e m a d e p u b lic in a ft w d a y s , a n d w h ic h , it is
h o p 'd , w ill r e ce iv e th e n w - s s a r v s a n e io n o f C o n g re ss. T he
plan deals s o le ly w ith th e U n io n P a c ific main lin e , in c lu d in g
th e K a n sa s P a c ific . T h e c o m m it t e e in c lu d e s (Ten L o u is F itz ­
g e r a ld . Prr-.irl. nt o f the M e rca n tile T ru st C o .; M tr v in U u g h itt, P residen t o f th e C h ic a g o A N orth W e s te r n ; C h s u n c e y M.
D e p e w , P re s id e n t o f th e N e w Y - r k C e n tr a l: J a c o b H S c h itl,
o f K u h n , L - » b <St C o. s O liv e r A m u . s e c o n d d ir e c t o r o f the
U n io n P a c ific ; T. J e ffe r s o n C o o lid g e , J r ., p re s id e n t o f the O id
O o lo n v I’ ru-e C o m p a n y .
Knns is Pacific Consols.—A large majority of Kansas Pa­
cific consolidated first mortgage bonds having been deposited
with the reorganization committee of which Frederick D.
Tappen is chairman, the committee now gives notice to the
holders of bonds not yet deposited that their holdings must
be placed with the Mercantile Trust Co., subject to the order
of the committee, on or before December 1st next, after

663

which date bonds will only be received at the will of the com­
mittee and with a penalty of $20 per bond. See advertise­
ment on another page.
'
Coupon Notice.—-Coupons on the collateral trust 6 per cent
hoods due July 1, 1895, will be paid on presentation at the
office of the Union Trust Company of New York, No. 80
Broadway, on and after Tuesday, Oct. 8, 1895.—V. 61,page612.
Union, Philadelphia, People’s and Electric Traction
Companies—Consolidation.—At Philadelphia on Monday took
place the signing and delivering of the Philadelphia Traction
lease to the Union Traction Company, completing all the pre­
liminaries to organization, so that the new company has as­
sumed control of all the lines of the Philadelphia, People’s
and Electric Traction companies. J. R. Beetem, heretofore
General Manager of the People’s lines, is General Manager of
the entire system. The new company assumes control as of
October 1st, which is the date of the lease and will be the date
of the new bonds when issued. Though the stock of the Peo­
ple’s and the Electric Traction companies has not yet been
actually purchased—not yet having been exchanged for the
new trust certificates—nearly all the stockholders have
assented to the plan of consolidation. It is reported that the
first instalment of $5 on the stock of the Union Traction Com­
pany will be called October 25, and that the trust certificates
will be ready for holders of People’s and Electric Traction
stock in a short time. The Union Traction Company’s system
comprises about 120 miles of road now in operation, and a
combined capitalization in stock and bonds, including that of
all the subsidiary companies, of more than $108,000,000.
Lease o f Philadelphia Traction.—The lease, which is for
999 years, provides tor dividends on the Philadelphia Trac­
tion stock as follows:
•* U u i o n s h a l l a m t w i l l , in a d i l i t i o u t o t h » p a y m e n t s h e r e i n a f t e r p r o ­
v id e ,l f o r . p a y t o P h il a d e lp h ia a s t h e r o o t o f t h e p r e m is e s h e r e b y
d e m is e d , th e y e a r ly r e n t o r s u m o f o n e m illio n s ix h u n d r e d t h o u s a n d
d o lla r s (# 1 .6 0 0 ,0 0 0 ). w h lo h s h a ll b e p a y a b le in g o l d o o iu o f th e U n it e d
S t a t e s o f A m e r ic a o f t h e p r e s e n t s t a n d a r d o f f l o e u e s s a n d w e ig h t . S a id
y e a r l y r e n t a l s h a l l b e p a i d In e q u a l s e m i - a n n u a l p a y m e n t s o u n r l i e f o e
t h e f l i s t d a y s n r A p r il a n d O c t o b e r in e a c h y e a r , s o t h a t P h il a d e lp h ia
o u s u c h d a y s r e s p e c t i v e l y m a y lie a b l e t o m a k e d i s t r i b u t i o n o f t h e
s a m e u s a d i v id e n d t o it s s h a r e h o l d e r s , t h « tlr s t p a y m e n t t o b e m a d o
o n n r b e fo r e th e d r a t d a y o f A u r ll. A . D . 1 8 9 6
T h e r e s h a ll lie n o
a b a t e m e n t w h a t s o e v e r u p o n t h e s e p a y m e n t s b y r e a s o n o l' a n y a d ­
v a n c e s n t o t h e r p a y m e n ts w h ic h U n io n m a y h e r e a ft e r b o o o m p e lle d
to m a k e o n a c c o u n t o f P h ila d e lp h ia o r f o r a n y o t h e r r e a s o n w h a ts o ­
e v e r . It b e i n g I n t e n d e d t h a t P h i l a d e l p h i a s h a l l r e c e i v e t h e s a m e c l e a r
o f a ll d e d u c t i o n s o f e v e r y s o r t a n d k in d , s o t h a t It m a y b e a b le t o d e c la r e
a n d p a y o n t h e fir s t d a y s o f A p r il a n d O c t o b e r o f e a c h a n d e v e r y y e a r
d u r i n g t h e o o n i l u o a m e o f t h is t e r m , i n g o l d o o l n , a s e m i - a n n u a l
d iv id e n d u p o n e a c h o f th e o u U t s n d lo g s h a r e s o f # 2 , fr e e a n d c le a r o f
a ll d e d u c t io n s , c h a r g e s , t a x e s a n d a s s o is m e n t s w h a t s o e v e r ."

The semi-annual dividend of $2 here guaranteed is on $50
shares, so that the rate per annum is 8 per cent. Other facts
of importance from the lease are as follows:
T h e U n io n C o m p a n y a s s u m e s a n d c o v e n a n t s t o p a y a ll t a x e s , a s s e s s ­
m e n ts . f l x . d c h a r g e s . I n c lu d in g f u l l I n t e r e s t o n b o n d s a n d r e n t a ls , a n d
" a s s u m e * " t h e P h ila d e lp h ia C o m p a n y ’ s 4 p e r c e n t b o n d s . T h e P h ila ­
d e l p h i a C o m p a n y Is t o b e c r e d i t e d w i t h a i l s u m s r e a l i z e d f t o m s a l e o f
c e r t a i n r e a l e s t a t e b e l o n g i n g t o It o r l t » l e a s e d l i n e s , a n d o f c e r t a i n s e ­
c u r i t i e s t u r n e d o v e r t o t h e U n io n C o m p a n y . I f , in t h e o p i n io n o f t h e
B o a r d o f D ir e c t o r s o f P h U a d e lp h ln , in e U n io n C o m p a n y s h a ll a t a u y
t i m e f a l l t o k e e p t h e o r o p e r t y . Its e q u i p m e n t o r o p e r a t i o n , u p t o Its
a g r e e d s t a n d a r d o f t fH c le n c y , t h e y m a y a f t e r n o t ic e s u b m it th e m a tt e r
t o t h r e e a r b it r a t o r * ; a n d in o » « e o f f a il u r e t o e a rn l y w it h th e d e c is io n
o f a m a jo r it y o f th e a r b it r a t o r s w it h in t h r e e m o n t h s t h e q u e s t io n s h a ll
hr d e t e r m i n e d b y s o n ! a r b i t r a t o r s a n d u p o n a d e r i s i o n a d v e r s e t o
U n io n . P h ila d e lp h ia s h a ll b e a t li b e r t y b y a p p r o p r ia t e p r o c e e d in g s
In a C o u r t < f E q u i t y t o c o m p e l s p e o l t l o p e r f o r m a n c e o f t h e o o v e n a u t
—V. 6 1, p. 4 0 0 , 560.

United States Leather—Quarterly Dividend.-Thiscompany
has declared a quarterly dividend of 2 per cent on its preferred
stock, payable Nov. 1. This dividend makes a total piym -nt
on the preferred stock since the incorporation of the company
of 6 per cent, leaving 14 per cent still due. Dividends began
to accrue May 1, 1893.—V . 61, p. 283.
United Traction k Electric (Providence)—Earnings.—The
fiscal year ending June 30, 1895, waa more or leas a con­
structive period with this street rail way system, and there
being no construction account expenses of this character
were charged to operating expenses. The results for the year
were $1,532,375 gross and $034,939 net. The net is the result
after Irdttt'ing taxes, repairs, damages, etc. The fixed
charges are $400,000.
Waco k Northwestern Ry.—Sale Confirmed,—The fore­
closure ssle for $1,505,000 was confirmed on Monday. It is
thought that Mr. Boyle represented the Southern Pacific in
the purchase.—V. 61, p. 431.
—The New York & New England Reorganization Com­
mittee. Mr, John I Waterbury, Chairman, gives notice that on
and after Oct. 15 trust company certificates, representing pre­
ferred and common stock of the New York & New England
Railroad Co. deoosited may be exchanged for stock o f the
New England Railroad Company, successor on reorganiza­
tion, in accordance with the terms of the reorganization
agreement da'ed April 26, 1894. Certificates must be pre
Cented, properly endorsed, at the office of the Manhattan Trust
Company, New York, or the Old Colony Trust Company,
of B.wton.
—The Street Railway Publishing Company has issued a
souvenir edition of their journal in honor of the Montreal
Convention of the American Street Railway Association.
—The receivers of E. S. Jaffray & Co. to-day declared a
second dividend of 20 per cent, making 80 per cent paid in
all by them to date.

THE CHRONICLE

664

V ol . LXI.

St. L . <t- O. R R .

T on s.

T o n m ile s .

1894-95.................................. 773,201
1893-94...................................712,175
Increase........................... 61,026
Decrease..........................
.........

MOBILE & OHI O R A I L R O A D CO.

A v 'g e h a u l

89,479,367
83,293,540

115-8
116-9

6,185,827
................

.........
l 'l

The average rate per ton mile for the entire line shows an
increase of 11-100 of a mill per ton per mile,
The principal amounts charged in “ Opeiating Expenses,,
account of maintenance ard improvement of equipment.’
The Board of Directors of the Mobile & Ohio Railroad Com­ roadway and track, are the following :
pany respectfully submits to the stockholders the following
1894-95.
1893-94.
report for the year'ending June 30, 1895.
E q u ip m e n t —
$
$

FORTY-SEVENTH A N N U A L REPORT-FOR THE YEAR
ENDING JUNE 30, 1895.

R
'O w n e d .
M . & O . R R .,
K . & T . R R .,
M . & O . R R .,
M . & 0 . R R .,
M . & O . R R .,

oad

operated

Repaii s to cars, ordinary....................
Cars built and rebuilt to replace cars

.

M o b i l e , A l a . , t o C o l u m b u s , I C y ............................................ 4 7 2
C o l u m b u s , K y . , t o E , C a i r o , K y ............................................ 2 1
A b e r d e e n B r a n c h ....................................
9
14
C o l u m b u s B r a n c h .............................................................
B t a r k v i l l e B r a n c h .............................................................

ll

O p e r a te d u n d e r L e a s e .
_
S t . L . & C. R R . , C a i r o , 111., t o E . S t . L o u i s , 111........................................... 1 5 1 - 6
S t . L . & C . R R . , M i l l s t a c l t B r a n c h ........................................................................
9
T o t a l .....................................................................................................................................6 8 7 - 6
R

a n d R e c e ip t s :
1 8 9 4 -9 5 .
f r e i g h t ...........................................................$ 2 , 4 17 , 7 3 2 9 3
p a s s e n g e r s ..................................................
4 4 1 ,9 5 9 2 2
m a i l s ........... ...................................................
7 4 ,8 1 0 8 9
7 4 ,9 3 9 7 9
e x p r e s s ..........................................................
o t h e r s o u r c e s ............................................
2 8 ,1 9 7 2 3

evenue

F rom
“
“
“
“

M

T o t a l ....................................................................... $ 3 , 0 3 7 , 6 4 0 0 6
2 3 2 ,3 4 9 6 2
R e c e i p t s ..........................

is c e l l a n e o u s

T o t a l .......................................................................$ 3 , 2 6 9 , 9 8 9 6 8

.$ 2 ,0 3 7 ,3 4 7 72
.
1 1 7 ,1 3 9 01

O p e r a t i n g E x p e n s e s ..
T a x e s a n d I n s u r a n c e ..

S u rp lu s ....................................................$ 1 ,1 1 5 ,5 0 2 9 5
I

R e n t il C h a r g e s :
I n te r e s t on First. M o r tg a g e B o n d s ___ $ 4 2 0 ,0 0 0
In te re s t on First M ort. E xtern B onds.
6 0 ,0 0 0
R e n ta l St. L. & C. R R ..............................
1 7 7 ,9 8 6
I n te r e s t on G en era l M o r tg a g e B on d s.
3 2 0 ,7 6 6
5 5 ,6 0 0
In te re s t o n C ar T ru st, e t c ......................

n te rest an d

T o t a l d isb u rsem en ts.

00
00
72
67
40

1893 94.
$ 2 ,3 8 7 ,8 0 1
4 4 2 ,8 5 2
7 4 ,8 3 5
7 2 ,2 3 7
2 8 ,7 9 3

5!>
89
45
27
45

M . & O. R R .

T o n s.

$ 1 ,0 3 7 ,3 2 3 26

$ 8 1 ,1 4 9 16

$ 1 7 1 .7 1 3 82

In cre a s e . ...........................
1 ,2 0 8
D e c r e a s e .............................................

T o n m ile s .

6 ,2 6 1,69 7

Repairs ol Locomotives......................

110,810 72
4 6 ,7 8 6 9 8

88,085 71
245,683 41

R o a d w a y a n d T r a c jc -

Ballast.....................................................
New Iron Br’ge over Okatibbee Creek
Cross-ties, including cost of laying..
New steel rail........ ...............................

97,795 84

33

8 ,1 7 4 8 6

75,897 08
181,867 78

9,267 78
9,112 35
90,507 01
32,575 77

7,623 15
............
85,129 46
............

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

141,522 91

92,752 61

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

387,206 32

274,620 3»

0 3 ,5 7 3 27

.$ 1 ,0 3 4 ,3 5 3 79

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

d e m n e d o r d e s t r o y e d ....................... 1 8 0

Durirg the year 1894 95,320 657 ties were put in track,
against 273,954 during the year 1893-94.
These expendi u e s have result! d in restoring the general
$ 3 ,0 0 6 ,5 2 0 6 5
2 4 7 ,1 7 0 5 2
good cor.diiiun of the property, which, owing to the disturbed
condiiion of business generally throughout the country, had
$ 3 ,2 5 3 .6 9 1 1 7
during the year 1892-93 and” in the latter part of 1894 been
$ 1 ,9 3 0 ,1 5 9 97 i omewhat impaired, it having been deemed not only p'uient
1 1 4 ,4 9 4 12 but obligatory during that period to restrict all expenditures
$ 1 ,2 0 9 ,0 3 7 08 to such as were requisite to secure safety in operation.
During the year, in order to restore the equipment to its
full complement, alike in number, in condition and in effic­
$120,000 00 iency, 100 new freight cars were purchased, 49 cars con­
6 0 ,0 0 0 0 0
1 7 6 ,1 6 3 32 structed and 31 rebuilt at the Company’s shops; the cost of all
3 1 7 ,5 8 6 67 of which has been charged to operating expenses.

Operating Expenses cover all exp-nditures, except the cost
-of additional equipment, including the principal of the Car
Trust d :bt paid during the year, which amounted to $186,557 90, as against $164,396 78 paid during the previous year.
During the year 1894-95 material and supplies on hand have
■increased $16,613 80.
The floatirg indebtedness o f the Company has been practi­
cally extinguished. The Car Trust debt June 30, 1895,
amounted to $369,113 60, a decrease of $186,557 90.
The total Funded Debt of the Company on June 30, 1895,
amounted to $17,752,300, a decrease of $59,000 ($29,000 G neral Mortgage Bonds canceled and $30,100 Debentures,
assigned to the Trustee of the General Mortgage)
Of the Funded Debt, $601,500 General Mortgage Bonds are
held in the treasury of the Company, a decrease of $1,250,000
Bonds, as hereinafter referred to ; and $8,915 General Mort­
gage Bonds ou deposit with the Farmers’ Loan & Trust Com­
pany for exchange for debentures, a decrease of $19,555 deliv­
ered in exchange for debentures assigned to the Trustee of
the General Mortgage,
On June 30, 1895, the debentures transferred to the Sinking
Fund amounted to $1,493,500 First Debentures, an increase of
$29,000 by the investment therein of the proceeds of land,
etc., received from the Land Department.
Ou June 30, 1895, the Debentures transferred to the Farmers’
Loan & Trust Company, in trust for the benefit and security
of the General Mortgage Bonds, amounted to $7,141,700, an
increase of $30,100.
The Capital Stock of the Company remains unchanged
{authorized issu - under the charter 100,000 shares of $100
each, $10,000,000). Issued and outstanding June 30, 1895,
58,206 shares, the holders of record of 49,429 shares of which
have under the “ agreement for the readjustment, etc , of the
securities of the Mobile & Ohio Railroad Company, dated
October 1, 1876, granted and given power and authority to
the Farmers’ Loan & Trust Company, in trust for the benefit
and security of the Preferred Income and Sinking Fund De­
bentures, to vote in person or by proxy upon said shares of
stock at any and ail meetings of the stock of the Company.”
23,594 shares ($2,359,400) issued in 1873 are in the Treasury
of the Company,
The gross revenue and receipts of all kinds and from ail
sources of the Mobile & Ohio Railroad, proper, including the
extension to East Cairo and its branches, and of the Leased
Line and of ils branch, for the year ending June 30,1895, sub­
ject to the lease agreement with the St. Louis & Cairo Rail
road Company, amounted to $3,037,640 06, 25 ppr cent of
150-640 of which amounted to $177,986 72, an increase of
$1,823 40. Other revenue and receipts, not suhjpct to said
lease agreement were $232 349 62, a decrease of $13,820 90.
The tonnage movement for the year has been as follows :
1 8 9 4 -9 5 ...................................... 8 3 5 ,43 1
XJ93 9 1 ...................................... 8 3 4 ,2 2 3

co

A e 'g e h a u l.

235 -6
243 -0

GENERAL

REM ARKS.

The gross recipts for the year amounted to $3,269,989 68, an
increase of $16,298 51, while the operating expenses, includ­
ing Taxes and Insurance, amounted to $2,154,486 73, an
increase of $109,832 64. The percentage of operating ex­
penses (including Maintenance, Taxes and Insurance, and
excluding only Interest and Rental Charges and payments in
reduction of the principal of the Car Trust debt) to earnings,
was 65'89 per cent, an increase of 3-09 per cent. The surplus
over operating expenses, etc , amounted to $1,115,502 95, a
decrease of $93,534 13. The increase of $16,298 51 in gross
earniogs is located as follows :
F reig h t in c r e a s e d ....................................................................................$ 2 9 ,9 3 1 3 4
P a ssen g ers d e c r e a s e d ............................................................................
89367
O th er sou rces d e c r e a s e d ....................................................................... 1 2 ,7 3 9 16

During the month of July, 1894, the business of the Com­
pany was seriously affected by the strike inaugurated by the
American Railway Union.
The sources from which the freight revenue was derived
were as folio ws ;
F ro m
F ro m
F rom
F ro m

1 89 4 -9 5.
C o t t o n .................................................... $ 2 7 3 ,6 3 1 4 5
f o a l ........................................................
1 3 9 ,0 4 7 0 9
T ro p ica l F ru it, v ia M o b ile .............
2 0 0 ,6 1 3 0 0
o th e r f r e i g h t ....................................... 1 ,8 0 4 ,4 3 8 3 9
$ 2 ,4 1 7 ,7 3 2 9 3

189 3 -9 4.
$ 2 2 9 ,6 0 1 76
1 3 1 ,5 4 6 88
1 6 2 ,0 0 4 78
1 ,8 6 4 ,6 4 8 17
$ 2 ,3 8 7 ,8 0 1 59

The cotton traffic shows an i crease of 18 per cent in ton­
nage, the low price at which the crop was marketed, however,
gn atly reduced the purchasing power of the planters as com ­
pared with the preceding year, which accounts for the decrease
iD other freights.
The tropicil fruit business via Mobile during the year was
satisfactory. The rapid increase in this business since its en­
couragement by the Mobile & Ohio Railroad Co. has resulted
in making the imports of bananas via Mobile the third in vol­
ume of all the ports of the United States.
The Company in June, 1895, desiring to liquidate its float­
ing indebtedness, which its current earnings had not enabled
it to do except to a very limited extent, because of maturing
car trust debt and the cost of new equipment, which expend­
itures since 1888 have amounted to the aggregate of over
$1,200,000, determined to and did sell to a syndicate, subject
to the same being offered to the stockholders at the net pur­
chase price (65 and interest)$l,250,000 of the General Mortgage
Bonds in it-< Treasury, by the agreement of 1838, for the pur­
pose of funding the floating indebtedness of the Company and
to provide the means by which the necessary additions and
improvements to the property may continue to be made. An
option was accordingly given to the stockholders of record
(including the holders of the “ assented” stock) to purchase
these bonds, and the registered holders of over seventy per
cent of the entire stock availed thereof.
The relations of the Mobile & Ohio Railroad with connect­
ing and competing lines during the year have remained
liarmoni us.
The Directors desire to renew their thanks to the officers
and employees for their zeal and faithful performance of duty
during the year.
By ordfr of the Board,
J. C. CLARKE, President
Mobil ", A l a , October 1, 1895

THE

October 12, 1895.]

CHRONICLE,

665

C O T T O N .
Friday Night, October 11, 1895.
The Movement of the Chop, as indicated by our telegram s
from the South to-night, is given below. For the week endin g
C O M M E R C I A L
E P I T O M E ,
this evening the total receipts have reached 274,435 bales,
F r id a y N iqht , October 11,1899.
against 217,679 bales last week and 149,139 bales the previous
A good volume of business is reported in most staple com­ week, making the total receipts since the 1st of Sept., 1895,
modities, the movement of leading food products in particu­ 798,724 bales, against 1,047,460 bales for the same period i_f
lar proving satisfactory. The interior or country dealers are 1894, showing a decrease since Sep.l, 1895, of 253,756 bales.
quite generally purchasing a larger and broader assortment
Receipts at—
Mon.
Tucf.
Wed. Tkurs.
Sal.
Fri.
Total.
of supplies for winter use than one year ago. Since opening
of current month heavy contracts for steel rails have been G alveston......... 8,S27 18,770 6,503 8,678 8,251 7,324
58 ,353
booked, but other metal products have become quiet, and the V elasco, d e c....
......
......
......
......
......
2,2G3
2,263
previous buoyancy in values is checked. Speculation in
leading articles of merchandise is fair, with cotton still at­ New O rleans.. 10,067 19.570 20,894 15,194 10,779 13,S00 90,404
1,962
3,365
857 2,141 1,594
984! 10,903
tracting greatest attention. Breadstufls have secured more M obile...............
33
38
attention on foreign orders, and the increased sales of grain F lorid a .............. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S
avan
nah.........
6,443 7,697 12,038 8,906 7,352 7,096 49,537
for export served as a partial counteracting hfluence against
......
4,023
B m n sw ’k.&o.
......
......
4,028
the broadening receipts in the Northwest. Corn is being
marketed steadily, and all previous evidences of a large yield C harleston....... 2,867 4,137 1,734 5,142 3,083 4,050 21,313
Pt. R oyal, dto. .........
......
......
appear confirmed. Private information during the week
.........
.........
quite generally claimed backward seeding in winter-wheat W ilm ington___ 1,998 2,729 2,826 1,619 1,163 2,106 12,446
Wash’ton, «fcc. . . . . . .
23
23localities, but no serious curtailment o f planted area is as
1,915 3,391 3,614 1,013 1,569 1,639 13.141
N orfolk.............
yet claimed.
919 1,973 2,229
8,C97
West P o in t ...
750 1,610
616
There has been very little inquiry for lard on the spot, and
......
438
N’p ort N., dec.
438
with free offerings prices have steadily declined, closing easy
.........
150
550
400
at 610c. for prime Western, 5 75@5 90c. for prime City, and New Y o rk .........
1,346
I ll
287
46
o il
200
125
6‘45c. for refined for the Continent. The speculation in the
__
___
292
292
local market for lard futures has been quiet, and prices have B altim ore.........
1,263
declimd in response to weaker advices from the West and Palladelph’ adco
129
434
150
212
228
110
under full receipts of swine at primary points, closing easy.

£ h e

C o m m e r c ia l

3?xm cs.

Tot’Is this week 33,261 62,172 51,906 43.737 35,271 4S.188l274.485

D A I L Y CLOSIN G P R IC E S O P L A R D P U T C R E *.

Bat.
OctobeT............................. o. 8-20

item.
6-22

7 W ».

620

Wed. Thun.
B tS

The following shows the w e e k 's t o t a l r e c e ip t s , t h e t o ta l since
fY\.
1.1895. and the stock t o -n ig h t , c o m p a r e d w it h la s t v e a r .
6 126 0Sent.
7

Pork has been in moderate request, principally for ship
ment to the West Indies, and prices have ruled fairly s te a d y ,
closing at $0 75<8$10 25 for mesa, $11 50@|12 for family and
$11 50<a$13 for short clear. Cut meats have been moderately
active and prices h a v e advanced s lig h t ly , closing at
for pickled bellies, 12<310 lbs. average, 6|q®0l .fc. for pickled
ehoulders and 6<a0'.£c. for pick I*d hams. Beef has been in
moderatedemand and steady, doting at$7 5'©$8 for mess,
f8 50@$9 forpacket, $10@$I2 for family and $15@$I7 for
extra India mens. Beef hams have declined, closing at $15(3
$15 25. Tallow has been fairly active and steady at fij'c,
Oleo Stearine has been unchmged at 9c. Lard stearine has
been dull, closing at 7 « 7tj'c. Cotton-seed oil has been firm
but quiet, closing at 271<J©2$c, for prime yellow and 27c. for
off grade yellow. Butter baa been in moderate demand and
steady, closing at 14@2Sc. for oreamery. Cheese has been
moderately active and firmer, closing at tt^iglOc. for State
factory, full cream. Fresh eggs have advancer! on light
receipts, dr sing firm at 19<j>19l*c. for choice Western.
Coffee shaded somewhat io cost, but f und fair demand and
of late has become steadier tor good roasting qualities, which
are scarce. Rioqu- ted at 16c, for No. 7, good Cucuto at if*\jc
and Standard Java 97@271^c. Speculation for future delivery
was slow and unimportant, but local bullish sentiment server!
to sustain values until the close, when tone is easier. The fol­
lowing were the final asking prices :

Receipts to
Oct. 11.
G alv eston ...
Velasoo, 4 c
New Orleans
Mobile...........
F lorid a........
S av an n ah ...
Br'wtok.Ae
O oarieeton..
P. R oy a l,4 c
Wilmington..
vVfum’ n, dec
N orfolk ........
West Point
N'p’ t N., 4 o
New Y o r k ...
B ou ton .........
B a ltim ore...
P blU del.,40.

58.353
2,263,
90,404
10,903
■

33j

49,5571
-1,028,
21,313'
......
12.446
23j
13 141
8,097|
438
550
1,346
292
1,263

T o t a ls ...... 274,485

8 took.

1894.
This Since Sep.
Week. I 1 ,1 8 9 4 .

188,627 79,622
4,615
2,974i
220,298 101,547!
31,206 11,195
.........
1,926
164,199 43,050
11,965 11,018,
78,131 18,025j
8V
118!
38.927 13,783;
12
75
28.603 17,229
*5,915
12,857
1,201
698
120
1,030
2,512
56
1,015
3,327
0,401
2,086]

1895.

1891.

106,916
1.000
193,394
21,627

12S.973
200
136.540
17,619

93,376
4,796
62,786

100 365
3,943
53,696

261,906
7,141
306.359
45,432
120
200,207
16,878
83.504
10,7 c 8
51,010
91
40.555
10,421
1,454
120
50
7,062
4,316

.......
25,101
.. .
16,544
4,552
247
150 546
3.&90
6,605
6,007

10,272
4,587
574
84,184
4,700
13,811
•1,399

79 3,721318,816 1,017,4?0

704,257

591,732

30,889

In o r d e r th a t c o r a p a r H o n m a y b e m a d e w it h o t h e r y e a r s , w e
g iv e b e lo w t h e to ta ls a t le a d in g p o r t s f o r s ix se a s o n s.

O c t. ..................... 15 4 0 a |J s n .................. . . . i i ' f O r . ; A p ril . . . . . . . . . . 14-6Pe
Ho t .................... J5-25c F eb.................................................. 14 ooe. M a y ..W 3UeeeipH
5 c.
at—
D ec-------- ---------1 5 1 0 a I March................ lt-7 S e. I
Galvea’ n.dtc
Raw sugars have sold about as fast as ofTertd and com­ Now Orleans
manded prompt, full bids with further advance shown in M obil©.........
value, Centrif ugai quoted at 3s*c. for 06-deg. test and musco­
vado at Site, for 39-cleg. test. Refined sugars cot very active, Siviknnah...
but firm and tending upward; granulated quoted 4 13-I6c Char'ton,<ko.
Wilni’ tont«ke
Teas and spices gettir g more attention.
Kentucky tobacco has been in moderate request and prices Norfolk . . . . .
have been firm; tales 250 hhds., principally for export. Seed W. Point,d$o.
leaf tobacco was In fairly good demand at full values; Bile* All o th e r s ...

for the week were 2,395 cases, as follows: 575 cases 1391 crop.
New Ergland Havana seed. 15@25(\; 200 cases 1991 cr-p.
New England seed leaf. 19@22f|e,t Its) cases 1893 crop, Zini­
na* r>, 11l*c.; 850 cases 1894 crop, Zimmer's, lt@12l j'o.; 500
cases 1894 crop, State H .vaoa, lOofI3>*e.; 160 cases 1394 crop.
Pennsylvania Havana, 10(315c ; 150 cases 1893 crop. penn*ylvar ia seed, 8@9c.; 320 cases 1393 crop, Wisconsin Havana.
5W(/r7c., and 100cases 1899crop, Wisconsin Havana, 9*£Q! 1c ;
also i.-tOO tab » Havana, 66c.©$l 07^, and 275 bales Sumatra,
45c @12 75 In bond.
The speculative dealings have been moderately active in
the market for Straits tin, and in response to stronger advices
from abroad prices have advanced slightly, closing firm at
14 90c, Ingot copper has been quiet and -lightly w e a k e r,
closing at !2@f2‘25c. for Lake, Lead has advanced and the
close was firm at 8 40@3 42«^c. for domestic. Spelter h-io
been dull and without important change, closing at V10@
4'20c. for domestic. Pig iron has been In fairly good demand
and firm, closing at $12 0t'@$!4 50 for domestic.
Refined petroleum has Ineen steady, closing at 7'10c. in
bbls., 4'60c. in bulk and 7‘50e, in case*; crude in bbis. has
been nominal; naphtha has declined to 8‘25c. Crude cerlific»t«s have been steady, closing at $1 21 asked. Spirits tur­
pentine have been steadier, owing to scarcity, closing at
23M|28?£c. R<sins have also advanced, closing at $1 50@
$1 55 for common and good strained. Wool has been quiet but
firmly held, owing to scarcity. Hops were fairly active for
export early in the week, but the cPse was quiet

1895.
ThW !Since Sep.
Week. | 1 ,1 895 .

Tot. this wk.

1895,

1894.

60.018
82,596
90 404 104,517
10,1011 11,195
48,050
49,587
18,143
21,313
12,169
13,800
13,141
17,229
8.535
6,613
7,517{
10,037

1893.

1892.

51,739
70,518
8,759
02.777
29,724
11,286
17,813
8,633
3,214

08.619' 81.121
60,08o! 100,879
ll,G 6o]
13,766
49,054
79,708
20,2011 38,574
9,895]
12,013
12,663) 29,180
15 ,2 -8
21,094
13,080
17,482

| 1891.

57,730
8 1 ,103’
1 5 ,9 -0
56.218
2#’ , 101
10,739
32,289
1 |,f 12
13,303

318,816

264,5 8

259,128

SIqco Sept. 1 703,721 1017.480

830.212

857,220 1112,772 1110,823

274 485

375,820

1890.

311,313

The exports for the week ending this evening reach a toU.l
of 111,688 bales, o f which 53,352 were to Great Britain, 5,915
to France and 52,916 to the rest of the Continent. Below ai e
the exports for the week and since September t, 1895.
R ep o rts
fro m —

W e ek Endin '? O ct. 11.
E xp orted to —
O reo
B r il' i

G a l v e s t o n ........ 2 2 ,0 2 '
V elim eo, A c . . .
N e w O rleartfl. 4 ,n i l
5.4b >
M o b ile A P e n
S a v a n n a h ........
B r u n s w ic k ... . .
.....
C h a rle sto n . . . .
W l lr a i n jf t o n ...
N o r f o l k ..............
W e s t P o in t ..,.
N 'p ’t N ew s, A c
....
N ew Y o r k ........ t a .s a ’i
B o s t o n ...............
5.16*
2.0J0
B a lt im o r e .........
107
P h t la d e lp 'a .A c
T o t a l ..............
T o ta l, 1 8 9 4 ...

F ran c

4,fl*'J

C on ti
nent

T ota
W eek

6,200
1,102
(1,88"

8 7,a w
1*102
16,86'

8 ,2 '0

6,404
8,2Cli

10,725
11.181

10,72
11,126

1 .2 8 .

4,318
6 ,SO

Chreai
B ritain

P ra m

36.087
..........

6,004

46,0 ( (
6,491

10,078

19.221
5,16(1
7,4*5
10

C o n ti­
n e n t.
9.105
3,000
13,90
2«,00r

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

....

...
....

F rom S ep t. 1, 1895. to O ct 11 1896
B r p 'w O
'o

28 96
10,410
?.< 8 ■
107

2,12"

3,616
18 72
11,133
52.............
14,43)
8,48.*

..i.

T ota l.
52,151
3,06070.(119
5,404
20,000
3,545
18,726
11,125
623
..............
45,815
10,410
15,574
107

| 6,915

52,910 111.663

133,076

19,110

109.67 f

203,700

83,250 1 87.871

51,201 172,32*

230,890

66,055

190,069

4 9 0 ,0 3 4

62.85

THE

666

CHRONICLE.

[VOL. L X I.

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
oleared, al the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs,
Lambert & Barrows, Produce Exchange Building.

T h e Sales and Prices of Futures are
comprehensive table.
s
d3
£
G
?. o
P 5b O
I2 | l
oZ
S'® ®jo C-® 00&
h i oo
Vo
.
£
0
<
r
t
Leaving
;
: £ ^ S!• P
Si'®
30
Slock.
pet
; s g g !\ se-o
o :
i S
B
: p• |
! fio•
4 4 ': S
P i T i §i g : 0 : © : p : 1 : p ; 1
168 4<’9
©
©©
©I
58, '09
W

ON SHIPBOARD, NOT CLEARED—FOR
Oct. 11 at—

Other Coast­
Great
Britain. France. Foreign wise.

Total.

9 ?6
9, 25
2,0 JO
1,400
Non«.
7,500
None.
None.

2 1 .9 ’ 5
•*8,708
2 7, On
33,100
8 ,0 ' ‘ 0
7 ,-0 0
11.600

New Y o rt ___
Other ports___

1,500
None.
7,000
13,000

3,872
6,->l3
None.
None.
None.
None.
400
None.

2 1 ,0 0 0

6 -3 6
2 LS 8 *
13,627
9,044
14 1,946
32,068

Total 1 8 9 5 ...

73,298

10,785

21,351

135,133

519,124

Total 1 8 9 4 ...
Total 1 8 9 3 ...

86.459
79,877

33,415 129,460 12,567
21.9 1 83,069 17.315

261,901
202,232

332 881
455,539

New O rleans...
G alveston ..___

10,513
26,2^3
5,' 0 >

Charleston.......

1 0 ,0 0 0

9,614
6,3M7
20, 00
2 2 ,0 0 0
6 ,5 DO

None
7,2 l O
8 ,0 0 o
79,701

Speculation in cotton for future delivery at this market has
been less active than during the preceding week. Prices,
however, were quite unsettled and underwent numerous
sharp fluctuations. The period under review opened on
Saturday rather tamely, and 9 points lower in consequence o f
the reported heavy crop movement and slack accounts from
abroad, but recovery followed and left closing prices only 2
points net loss. During Monday trading was light and unim
portant, with prices irregular, closiDg at 5 points net loss.
Much the same conditions prevailed during Tuesday, opera­
tors appearing to have called a truce to await',the forthcoming
official crop statement, the final prices showing 2 points
decline for the day. On Wednesday, however, demand
quickened and the market was sharply stimulated through
influence of heavy fall in temperature during preceding
night, followed by reports of f-ost damage at the South,
prices gaining 18(3)19 points. Yesterday the Agricultural
Bureau issued its report showing crop conditions for S-ptember at 65 1-10, an average considrablv above previous pre­
dictions of the bulls, and under quick free selling prices
dropped 28 points, but afterwards recovered and reduced the
loss to 17 points net. To-day the market opened 10@ 12
points higher, but lost it all under influence of large port and
interior movement. Cotton on the spot dull at 9%o. for
middling uplands.
The total sales for forward delivery for the week are 1,415.9 0
bales. For immediate delivery the total sales foot up this week
3,574 bales, including ----- for export, 1,9.4 for consumption
— for speculation and 1,600 on contract. The following ar
the official quotations for each day of the past week—
October 5 to October 11.
Bates on and off middling, as established Nov. 22, 1893,
b y . the Revision Committee, at which grades other than
middling may be delivered on contract:
F air..................................o. 1M
Middling F air.................... 78
Striot G ood M iddling....... ki
Good Middling.................. 5 , e
Strict Low M id d lin g ...... 3 le
L ow M iddling................... 7, 8
Btriot Good O rdinary....... I3n

on.
on.

on.
oil.

O ff;

UPLANDS.

M on T ues W ed

Th.

F it

8
8
Good O rdinary............................ 8
81,6
81,e 8
8 U 16
Low M iddling.............................. 8 U l 6 8 U ,6 8 >
8%
8%
Middling ......................................
9>e
9%
91,6 9*16 9 ^
Good M iddling......... .................
9 Lj
97,6
97,6
h716
10
Middling Fair.............................. i 9o 716 10
101
l n ll« 1 0

GU LF.

S a t.

M on T ues

Good O r d in a r y ......................... 8M
Low M iddling............................. 815,,
M iddling ..................................... 9 %
w n ,e
Good Middling............................
M iddling Fair.............................. 1 0 q
|S a t .

L ow Middling.......... ...................
M iddling... .................................
Strict M iddling..........................
Good Middling T inged............ .

CIO

7%
8 l l 18
839i2
9%

E a s y ...................
Dull.....................
Dull.....................
Quiet at 1,8 adv.
Q u ie t..................
Quiet at 1,6 deo.

?S i I ©9;

264

....

1 ,9 7 4

—

© m-v§
I

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CO

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c6 m 0 co

I coco

coco oco
o -° o
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%
nf
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1
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GO CO 0

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Total.

200
1 ,3 0 0
100

1 ,6 0 0

Sales oj
Failures.

1 ,4 8 1
520
7 (0
214

1 1 3 .5 0 0
I f-4 ,^ 0 0
1 6 4 ,6 0 0
2 8 2 ,0 0 0
4 2 6 ,8 0 0
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8,4
815.6
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911.6

Oon- Spec- Con­
sump. ut'Vn tract.

700
214

£

cocoGOWlf**®

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Slim
82932
9^

420

00 GO O 00
COCO CO
^ H CO

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M o il T u e s W e d T h .

195
181

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►

II

SALES O F SPOT A N D C O N T R A C T .

E x­
port,

CD
CD X O CD

rri fri © in nr co © no

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81516
9 is
9%
97,6
911,6 9 1116 <1%
lo q
lo q
105 »

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COCO

Fr*

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8 "is

8 tt

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>
00 00

Th.

The total sales of cotton on the spot and for future deliveiy
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.

Total.

o

oo a go
coo© m

oo-

©

w©
05
OpGO ^ opop ^
C
C
CD a-j “j of
-^-1 © ? V ®
1d : 1 ® :
0200 7 00
^ 1 6 © co
OCQ Oj -vlH* 05

W ed

713.6 71*10
7%
811,6 8 %
829 2 83162 831-32
9%
93.6 93j«
MARKET AND SALES.

Sat’d a y .
Monday
Tuesday
W ed’day
Thur’d’y
F rid ay..

0000 £
COOO JJ-0r0co ©H Jg
1 © r:
o

oo
Hoo^ttl

0TM
©*

• CO

CO

G ood O rdinary............... o. l^s off.
G ood M iddling T in g e d ...
Even.
7.,. oft.
Middling Stained.............. 7 ,(. off.
Strict Low Mid. Stained.. 293., off.
L ow M iddling Stained___1% oft.

S a t.

SPOT M ARKET
0LO 8E D .

£

on. Strict M iddling S ta in ed ..

ott.
On this basis the prices for a few of the grades would be
follows:

STAIN E D.

-I

00_ ^
rO TL
<135-oai
2
S3$*■§.

shown by th e

II

1 1

>
i.
04

| |

1 ® :

®

1 8

t>
<
04
©

1 1

>
*1
04

1 s :

®

II

II

* Includes sales in September, fo r September, 15,200.

The following exchanges have been made during the w eek:
•Ot pd. to excli. 1 0 0 Mch. fo r Apr.
•25 pd. to excli. 500 Nov. for Mch.
•10 pd. to ex cb. 500 Nov\ for Moll
•07 pd. to excli. 400 Nov fo r Deo.
•24 pa. to excli. 100 Nov. for Mch.
•16 pd. to excli. 500 Nov. fo r Jan.
08 pd. to excli. 2,000 Nov. fo r Deo.

•29 pd. to
*06 pd. to
*16 pd. to
•11. pd. to
•21 pd. to
•05 pd. to

exoil.
excli.
exon.
excli.
excli.
excli.

200
600
300
100
200
500

Oct. fo r Moll.
N >v. for Dec.
Nov. for Jan,
Jan. for Moll.
Jan. fo r May,
Jan. fo r Feb.

T h e V i s i b l e S u p p l y o f C o t t o n to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well a s
those for Great Britain and the afloat are this week’s returns
and consequently all the European figures are brought down
ro Thursday evening. But to make the totals the complete
figures for to-night (Oct. 11), we add the item of exports from
the United States, including in it the exports of Fridav onh •

THE

O c to ber 12, 1895,1

667

CH RO N ICLE.

1893.
1892.
1894.
1895
Stook at L iv erp o o l____.b a le s. 938,000 742.000 846,000 1,028,000
9.000
9,000
9,000
Stuck at L on d o n ........................
9,000
T otal Great B ritain stock . 947.000 751.000 855.000 1,037,000
26,000
10,0
00
3,900
3took at H am burg.....................
32,000
49.000
76.000
60,000
Stock at B rem en........................
99,000
8.0 00
12.000
17.000
11,000
Stock a t A m sterd am ................
100
200
200
Stock at R otterdam ..................
200
20.000
9.000
5.000
Stock at A n tw erp ......................
10,000
Stock at H avre........................
281,000 266.000 299,000 311,000
5.000
5.000
1.000
7.000
Stock at Marseilles
57.000
41.000
39.000
48.000
Stock at B arcelon a...................
5.000
11.000
27.000
14.000
Stock at Genoa. ...................... .
31.000
24,000
25.000
33.000
8toek at T rie s te ........................
528,200 451,100 '5 0 3 ,2 0 0 499.100
T otal Continental stocks.
T otal European sto ck s . . . . 1,475,200 1,202,100 1,358,200 1,536,100
36.000
30.000
20,000
39.000
India cotton afloat tor Europe.
A m er. oott’ nafloat for Europe. 191,000 339,000 228,000 290,000
E gypt. Brazil, Ac.,all t fo rE 'r'p e
333.000
3 ,0
29.000
21.000
32.000
Stook In United States p o rts.. 701.257 594.7S2 657,771 775,693
Stock In U. 9. Interior t o w n s.. 2 ‘ 3,752 190,402 183,723 225,870
36.301
50,747
______
United States exports to-d ay.
24,365
9,018
Total visible su pply.......... 2,661,571 2,426,031 2,5-!5,9i>5 2.907,681
O l tbe above, totals o f American and otber descriptions are as loliow s:
A m erica n —

Q u o t a t i o n s f o b M id d l i n g U o t t o n a t O t h e r M a r k e t s .—

Below we give closing quotations o f middling cotton at South­
ern and other principal cotton markets for each day of the week.
CLOSING quotations f o r m idd l in g cotton on—
i

Oct, 11.

Satur.

I G alveston...
New Orleans
: M obile..........
Savannah...
harleston..
!C
W ilm ington.
! Norfolk........
B oston .........
B altim ore.. .
Philadelphia
A ugusta___
i Memphis .. .
St. L o u is __
Houston ...
Cincinnati Louisville

8%
Siam
8^8
87la
8 4,
3%
Sl l is
9
9^8
85s
8Ujg
8%
8%
S’ a

Mon.
8«i
8 l l ie
85s
87,8
83s
831
811,8
9%
9
93s
85s
She
8%
83.
8 "a
8%

Wednes.

Tits*.
8%
813,8
85g
Sim
8%
85s
8H,8
9*8
9
93g
S&8
SUlB
8%
8%
8 7s
8%

S*A
87s
35s
S7,a
8%
S3,
8»8
9%
9
97,0
311,8
811,8
8^
s-\
8 7s
8%

Fri.

T hu n.
813,8
S7s
83i
81a
84i
8^
85s
9316
9
9 " ib

8%
815,6
8%
8ia
S'a
834
8=8
93,8
9
9%
811,8
81 ha
8%
« 7s
8 7s
8ik

811,6
8 7s
8 7a
S^i

The closing quotations to-day (Friday) at other important

Liverpool stook ............. bales. 832.000 596,000 66O.000 877,000
Continental s to ck s................... 450,000
299,000 393,000 340,000 Southern markets were aa follows.
American afloat fo r E u r o p e ...
191,000 339,000 2 8.000 590,000 A tla n ta............
L ittle R o c k ....
3\
87is N e w b e r r y ...... . . . . . .
United States stock ................... 704.257
594,732
657.771 775,693 Columbus, Ga.
R a leig h ............
8*4 M ontgom ery...
8L
United S ta tes in te n o rsto ck s..
203,752
190,402
1SS,723 225.970 Columbus, Miss
8°s
938 N ash ville....... .
S'a Selma................
United States e x p o rts to-uay.
21,365
50.747
31,301
9.018 Eufaula...........
87ig N atch ez............
8%
S h re v e p o rt.....
8%
Total A m erican.................... 2,405,374 2,063,931 2,163,7y5 2 .5 i 7 ,5 5 1
R e c e i p t s f r o m t h e P l a n t a t i o n s .— The following table
Baal Indian, B rasil, Ac. —
L iverpool stock .......................... 106,000
146,000 188,000 151,000 indicates the actual movement each week from the plantations.
9.000
9,000
9,000
9,000 The figures do not include overland receipts nor Southern
London s t o o k .............................
Continental stock s....................
78,200
151.100 110,200 159,100 consumption; they are simply a statement of the weekly
India afloat for E urope............
30,000
20,000
36,000
39,000
33,000
29,000
21,000
32,000 movement from the plantations of that part of the crop which
Egypt, Brazil. A c , afloat........
T otal East In d ia, A c .. . . . . . 256.200 357,100 362,200 390,100 finally reaches the market through the outports.
T otal A m erican................... 2.405,374 2,098,931 2,163.795 3,517.581
----Receipt. at the Parte. <3t’k at Interior Towns. Rtc’pUfrom Plont’ru
T otal visible sn p p ly.......... 2,661,574 2,426.031 2,525.895 2,907,631
Week
4*7 ,4 .
31L,.d
M iddling Upland, L iverpool.
4%fl.
Snding—
1893. | P m . i 1895. j 1893. 1B04. | 1896. 1808. 1894. 1895.
M iddling Upland. New Y ork ..
OHe,
6l,»o .
3o.
stjl.
E gypt Good Brown. Liverpool
5L «4.
6. .. 28,117| 33,806! 15.0J3 79.92S 55,913; 35,802 33,544 36,9741 10,203
S n „d .
B erov, Rough Good, Liverpool
6 >ed.
5lSj„d. Sept.
3 7 „d .
B roach Fine. L iv e rp o o l....... .
4%d.
4 'lfd . 1 ** IS .... 53.7OSI H\mi 47.5:U Si s?i 86^30; 43.275 88,84ft 98.8011 54.023
*3i.d .
1 5>3,S4U[US,5-t7'! ®i,0fWJ Vtt.750 84.819 06,739 107,73 4 108,288 114,544
3X „d .
Tlnnevelly G ood, Liverpool...
*»„d .
4«ML
4*l»'i. ! " -SO.
lttt.488 *08.2214 I*,l3»j 128,438 109,215 90,587 193,120 229.947 172,987
he imports into Continental ports the past week hat e 1I M 27... 223,456
247,918; 217.670 156.962 151,909) 111,788 251.9€0 200,280 288,830
1 Oct, 4......
been 0,000 bales.
261.593
3IS.S10 27MK5 183,723 190.402 203,752 298.369 3fi7.:»9 336,499
|
Ue..a.

art

The above figures in licate an increase in the cotton in sight
to-night of 333,5(3 bales as compared with the same date
of 1891, an increase o f 133,579 bales over the corresponding
date of 1893 and a decrease of 248.107 bales from 1892
A t THE Interior T o w n s tbe movement—that is the receipts
for the w e e k , and since September 1. tbe shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1894—is set out in detail below.

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1, 1893, are 901,778 bales; in
1894 were 1.18!),547 bales; in 1893 were 942,789 bales.
3,—’That although the receipts at the outports the past week
were 274,495 bales, the actual movement from plantations was
only 336,499 bales, the balance going to increase the stocks at
the’interior towns. Last year the receipts from the plantations
for the week were 857,309 bales and for 1893 they were
298,339 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t . 1 .—

v

s'

We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Oct. 11
»nd since Sept. 1 in the last two years are aa follows;

I

**I§3

W

-►© / / - - V

2 ' » ± #•V * Is

^

5»|- 31-* S .©

oc'Vsw 5 « y» ii6 ^ w < . i - c V o V -

*c«**c® za* ks*i
*a*xV4-‘- a ’c ‘
Ci
s>tv© *-M
3»98
3»
^SJXaCMAj

" r * “ VI ,,

* x<5© e -»-

October I t .
Week.

*5

jo

*5 v »c-c2 vs ■■£
-eta®—*•*-•
“
*..... ...... S 'rf sac * “ ------

s i

Ifiii

8-9.

•;«a p x •'.i« 9-3- y y -to
&P
—14f* t iSwM
vm * •V c V m
®>*.**wocs6**: #*«t tKi,
Vi-*©
- ■*0 t -»o>
4
Oha -4*0ta > « - - S»97S89t9‘
*“■*- »i5S*'«4w«*,P© X<--»»#•

Sh lotted—
m e t . L oot*.........................
VI* Cairo...............................
Via Parker C ity....................
Via Evan*villa......................
Via Louisville.......................
VI* Cincinnati.....................
Vi* other route*, &o...........
Total rroAs overland.,.
..
Dtiluri ghinmtnUt—
Overland to N. Y .f Boston, Am
Between tnt -ilor town*..........
I nland, Ac., from South.
Total to be deducted
P-o* v ! pc total net overland*

©I—
*0

i>9**VVciVI-

M O » O f c » O t t i | * - 4 - v 4 3»-3C d O

<aww*iVaccL*c]B* V
- a m

9 > - »

O K I 3» » *c 5**5

il

mj O

5 i
** ^
92 «<-*»: h
to
7* -**.*'*J4,y3.*•
" MC CC*2©aiC CCp *.>.10
X '* *9.4«*rik*5ik“*
*0»’x >*Joc
e 0 » V—wxJ*br.oc
180*1<7'
» O -O C I.
5 *»»*>.*^
x
—i ; a>
05 I
ssoo«y»^x-3i«w©fc50»s*a4ikcs*a—““ juok—o*o*o S i
«

Ok*-

” 5-

«.

—-ft »3*Oflgp®
^ -*- •-; +•I.. z + “ ©© ——r *5w

CJi*|i: X ^ ^

1894.

1895.

><
—
v
•— I „
—l i —— W 5 £ 1 W * J * *■»S■«■»*-II I£« --- |
** * 0 5®’A'* — *J*S
V i J VV»»i x %%© 'C©i;;* ? *

Id ,080
H.070

•too
i-iia
1.63ft
843
20.SS0
3,451

Nine.
Sept. 1.

Sine*
Sept. I .

2.891
5,020

26,107
9,057
250
4
3.376
3,000
1,473

49,520
19,869
250
177
6,216
7.282
6,277

88,505

41,273

89,591

11,008
854
5,242

5,589
437
3,402

11.584
1,403
10,146

34,Aff2
11,551
1,003

3,475

534
1.017

Week.

8,032

17,104

9,428

23,133

24,854

41.491

31,845

66,458

* including movement by rail to Canaria.
Che foregoing shows that the week’s net overland movement
toie year has been 24,8-54 bales, against 84,845 bales for the
veek in 1894, and that for the season to date the aggregate net
l^-erland exhibits a decrease from a year ago of 24,96? bales.
In fiight and Spinner*’
Takings.

1895.
Week.

t<3 Receipts at ports to Oct. 1 1 ......... 274,1^5
Net overland to Oet. 11.................
Southern consumption to Oct. 11.

24,854
19,000

Since
Sept. 1.

1894.
Sine*
Weck• Sept. 1,

793,724 318,816 1,047,480
41.491: 34,845
66,458
112,000, 17,000 100,000

3? f * w
- I t s ®
P M*0V3 *4; ; ©
—•
*0 * 3 O 53 — —
- -— * v * X -O >3 ^
,
2 !►
Total marketed ..................... 318,339 917,215 370.661 1,213,938
*<►j i-X A»V‘
interior stocks in e x cess............... 62,014 171,052 38,493 133,067
© *< j * * i?9:
4
O
e»
->
M
*-.
X
V*
^
i_K l x ©u- j a^_ £ 3 5 l —*3»« © >>c ©©-»—© Q •«■»© X©© ■*I »-3
‘
1
......... 409,154
* tlffur** '* am" m *•
Came Into tight during week. 380,353.
380,353
f Tht* year'* flirur^* cwir!(n*t«*d.

t La*t year's

ao* for Colombia, 8. C.

Total iu sigwt Oct. 11..............

. . . . . . 1,118,267;

......... 1,347,005

202,794
The above totals snow that the interior stocks have increased
It will be seen bv the above that there has come into sight
during the week 62,01.4 bales and are now 13,350 bales more
than at anm** period last year. The receipts at all the towna luring the week 330,353 bales, against 409,154 bales for the
have oaen 29.619 >tie* less t u n a me w^ek last year and since sa
week of 1894, and that the decrease in 4mount in sight
to-night at compared with last year is 228,738 bales.
Sept. 1 are 147,168
I*** ;hati for same time in lt*94.
North’ n spinners takVa to O c t 11.

47,322

147,67ll 59,390

668

THE

CHRONICLE.

W eather Reports by Telegraph.—Reports to us by tele­
graph this evening denote that the temperature has been
lower as a rule at the South during the week. Frosts have oc­
curred in a number of localities, killing in portions of Alabama,
Mississippi, Tennessee and Arkansas, but the resulting injury
has not on the whole been important. Rain has fallen in most sec­
tions and in some districts of Texas heavy precipitation is claim­
ed to have damaged cotton. Picking has made rapid progress
generally, and in Southwest Texas and at a few points else­
where is said to be approaching completion. The movement
of cotton to market is quite free.
Oalveston, Texas.—Reports received by cotton factors and
merchants are poor. The general heavy rain did much dam­
age, beating out cotton and materially lowering the grade.
Rain has fallen on one day of the week, the rainfall reaching
seventy-two hundredths of an inch. The thermometer has
averaged 71, ranging from 59 to 83.
Palestine. Texas.—We have had rain on three days during
the week, the precipitation reaching one inch and sixty hun­
dredths. The thermometer has ranged from 46 to 86, averag­
ing 66.
Huntsville, Texas.—It has rained on two days of the week,
the precipitation being one inch and seventy-eight hundredths.
Average thermometer 69, highest 88, lowest 50.
Dallas, lexas.—There has been no improvement in the con­
dition of the crop. Cotton is opening rapidly, picking is
progressing very well and will soon be over, as there is only a
small chance for a top crop. W e have had rain on one day
of the week, the rainfall being sixty-four hundredths of an
inch. The thermometer has averaged 63, the highest being
84 and the lowest 43.
San Antonio, Texas.—Picking is about over in Sjuthwest
Texas. The plant is dead and no more cotton can be made.
The crop is barely half of last year. There has been rain on
one day the past week, the rainfall reaching one inch and
eighteen hundredths. The thermometer has averaged 68,
ranging from 53 to 84.
Luling, Texas.—It has rained on two days of the week,
the rainfall reaching ninety-six hundredths of an inch. The
thermometer has ranged from 50 to 88, averaging 69.
Lampasas, lexa s.—It is now conceded that not more than
half of last year’s crop will be made in this district. No top
crop can be made. Rain has done damage,
Columbia, lexa s.—There has been heavy rain on one day
during the week, the precipitation being one inch and thirtyeight hundredths. Average thermometer 67, highest 86 and
lowest 48.
Cuero, Texas.—W e have had heavy rain on one day of the
week, the rainfall being one inch and ninety-four hundredths.
The thermometer has averaged 70, the highest being 88 and
the lowest 53.
Brenham, Texas.—There has been rain on two days of the
week, the rainfall reaching one inch and twenty-four hun­
dredths. The thetmometer has averaged 70, ranging from
50 to 90.
Belton, Texas.—It has rained lightly on two days of the
week, with rainfall to the extent of eighty-nine hundredths
of an inch. The thermometer has ranged from 46 to 86, av­
eraging 68.
Port Worth, lexas.—We have had rain on one day of the
past week, the precipitation being eighty-six hundredths of
an inch. Average thermometer 64, highest 84 and lowest 43.
Weatherford, Texas.—We have had rain on one day during
the week. The thermometer has averaged 64, the highest be­
ing 84 and the lowest 44.
New Orleans, Louisiana.—We have had rain on two days of
the week, the precipitation being sixteen hundredths of an
inch. The thermometer has averaged 71.
Shreveport, Louisiana.—We have had rain on two days of
the week, the rainfall reaching one inch and fiftv-flve hun­
dredths. The thermometer has ranged from 43 to 90, averag­
ing 65.
Columbus, Mississippi.—Rain has fallen on one day during
the week to the extent of eighty hundredths of an inch. Aver­
age thermometer 63, highest 93 and lowest 38.
Leland, Mississippi.—Killing frost has occurred in this vic­
inity. We have had rain during the week to the extent of
fourteen hundredths of an inch. The thermometer has aver
aged 62-9, the highest being 88 and the lowest 35.
Vicksburg, Mississippi.—There has been rain on one day
during the week, the rainfall being forty hundredths of an
inch. The thermometer has averaged 65-6, ranging from 42
to 88.
Meridian. Mississippi.—Picking is about completed and
cotton has been marketed rapidly. Some farmers are reported
to have sold their last bale. The crop is estimated as 40 per
cent short. There has been frost on two mornings, Rain has
fallen on two days and the thermometer has ranged from 42
to 74.
Little Rock, Arkansas.—We have had rain on one day during
week to the extent of sixty-three hundredths of an inch. The
thermometer has ranged from 40 to 82, averaging 62.
Helena, Arkansas.—Frosts have done no damage to cotton,
which is about all opened and is being gathered and marketed
rapidly. We have had light rain on two days during the
week, the precipitation being fourteen hundredths of an inch.
Average thermometer 60, highest 85 and lowest 37.
Memphis, Tennessee.—Killing frost occurred throughout
this section on Wednesday and Thursday mornings. The
damage was not great owing to the fact that cotton had all

IVOL. LXIJ

matured. There has been light rain on three days of the
week, the rainfall reaching forty-nine hundredths of an inch.
! Picking and marketing are active. The thermometer has
averaged 61-3, the highest being 80-8 and the lowest 40 9
1 Nashville, Tennessee.—The week’s rainfall has been fiftynine hundredths of an inch. The thermometer has averaged
60, ranging from 33 to 84.
Mobile, Alabama.—Cotton-picking is progressing actively
and is already completed in some localities. Frosts occurred
in the interior on Wednesday and Thursday, killing in North
Alabama and North Mississippi. We have had rain on two
days of the week, the precipitation reaching sixty-four hun­
dredths of an inch. The thermometer has ranged from 46 to
86, averaging 69.
Montgomery, Alabama.—Picking has suffered no interrup­
tion. Planters are rushing their cotton to market, selling as
quick as they can. Picking will be over much sooner than
expected; light frost north of Montgomery. There has been
rain on one day of the week, the precipitation being sixty
hundredths of an inch, and it is raining to-day. Average
thermometer 67, highest 80 and lowest 55.
Selma, Alabama.—We have had rain during the week to
the extent of one inch and ten hundredths. The thermom­
eter has averaged 61, the highest being 82 and the lowest 42.
Madison, Florida.—Telegram not received.
Columbus, Georgia.—It has rained on one day of the week,
the precipitation reaching thirty-two hundredths of an inch.
The thermometer has ranged from 45 to 80, averaging 75.
Savannah, Georgia.—Rain has fallen on one day of the
j week to the extent of two hundredths of an inch. Average
thermometer 69, highest 91 and lowest 46.
Augusta, Georgia.—W e have had rain on one day of the
week to the extent of twenty-two hundredths of an inch.
The thermometer has averaged 64, the highest being 88 and
the lowest 42.
Albany, Georgia.—Crop is turning out better than expected
in this section. There has been rain on one day during the
week, the precipitation being ten hundredths of an inch. The
thermometer has averaged 61, ranging from 46 to 85.
Charleston, South Carolina.—We have had rain on one day
during the week, to the extent of twelve hundredths of an
inch. The thetmometer has ranged from 49 to 88, averag­
ing 67.
Stateburg, South Carolina.—Rain has fallen lightly on one
day of the week, to the extent of thirty-four hundedths of an
inch. Average thermometer 65 3, highest 89 and lowest 47,
Greenwood. South Carolina. —Picking and marketing are
going on rapidly, It has rained on one day of the week, the pre­
cipitation reaching fifty-four hundredths of an inch. The ther­
mometer has averaged 62, the highest being 76 and the low ­
est 48.
Wilson, North Carolina.—Frost this morning. There has
been rain on one day during the week, the rainfall reaching
eighty-five hundredths of an inch. The thermometer has av
eraged 61, ranging from 38 to 78.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at
8 o’clock October 10. 1895. and October 11, 1894.

New O rleans.......
M emphis..............
Nashville..............
Shreveport .........
Viobsburg_______ . . . .A bove zero of gauge.
* Below zero of gauge.

Oct. 10, ’95.

Oct. 11, ’94

Feet.
4-9
1-5
0*4
3 0
3 0

Feet.
3-3
1-3
'0 1
*3 6
1*3

I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s . — T h e r e c e ip t s

and shipments of cotton at Bombay have been as follows fo r
th e week and year, bringing the figures down to October 10.
B O M B A Y R E C E IP T S AN D SH IP M E N T S F O R F O U R Y E A R S .

Shipments this week.

Shipments sin ce Sept. 1.

Great
Year Great Conti­
BriVn. nent. Total. B ritain
1895
1894
1S93
1892

2,0C0

2,000

i',000 5,6*00 6,000
1,<J00 9,000 10,000

5,666
2,000
1,000

C onti­
n en t.

T o ta l.

22,000
8,000
25.000
23.000

Receipt*
This
Week.

22,000 10,000
13.000 1,000
27.000 11,000
24.000 3,000

Since
Sept. 1.
53.000
17.000
46.000
16.000

According to the foregoing Bombay appears to show
an increase compared with last year in the week’s receipts of
9,000 bales and a increase in shipments of 2,000 bales, and
the shipments since Sept. 1 show an increase of 9,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of September, for two
veais, has been as follows. “ Other ports” cover Ceylon,
Tuticorin, Kurrachee and Ooconada.
Shipm ent/for the week.
Great
Britain.
Calcutta—
1895........
1804
M a d ra s1 8 9 5 ......
1894 ___
All others—
1895
1894........

1,000

Total a l l 1895.........
1894.........

Conti­
nent.

Total.

Shipments since Sept. 1
Great
Britain.

Continent,

Total.

1,000

1,000

1,000
1,000

2,000
1,000

3.000
2.000

1,000
1,000

2,000
1,000

6,000
5.000

4.000
5.000

10,000
10,000

1,000

2,000
2,000

2,000
3,000

6.000
5,000

9.000
11,000

15.000
16.000

1,000
1,000

4,000
3,000

5.000
4.000

13.000
11.000

15.000
17.000

28,000
28,000

CH EO N 1CLF

22,000
28,000

.......
4,000

13.000
28.000

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

7,000

50.000'

4,000

41,000

6,0001
5,000.

•27,000
25,000
52,000

11,0001

That the reader may have for comparison the condition,
according to the Agricultural Department, for October 1 of
previous years, we give the following, collated from its reports;

A l e x a n d r i a H e c e i p t s a n d S h i p m e n t s ,— Through arrange­
ments we have made with Messrs. Davies, Benachi & C o , of
States.
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
...
are the receipts and shipments for the past week and for the Virginia.
No. Carolina
corresponding week o f the previous two years.
3o. Carolina
Alexandria, Egypt,
October 9

1894.

1895.

Recall)ta (can tars*)....
This week . . .
Since Sept. 1.

1893.

70,000
165,000

240.000
485.000

;

Since
Thit
week. Sept, l.j

This
Since
week. Sept. 1.

80,000
131.000
T kii
Sint*
week Sept. 1

Exports (Sales)—
!
T o L iv e rp o o l....... . 10,000 17.000
T o Continent)____ _ 4.000 12,000

Georgia . . . .
F lorid a.......
Alabama . ..
Mississippi-.
Louisiana....
Texas...........
Arkansas .. .
Tennessee ..

1885.

2,000
5,000

1886.

B om bay...........
A ll other porta.

T te i | Since
week, j Sept. 1.

1887.

Since
Sept. 1.

T tei
week.

1888.

Since
Sept. 1.

1889.

ThU
week.

1890.

fro m —

1891.

ad Europe

there is not one exception; in the remaining States very few. Topcrop almost everywhere reported a failure, and the jie ld shortened by
premature opening.
The percentages by States are as follo w s: Virginia, 78; North
Carolina. 6 8 ; South Carolina, 64; Georgia, 72; Florida, 84; Alabama,
70; Mississippi, 67; Louisiana, 64; Texas, 58; Arkansas, 72; Tennessee,
70; Missouri, 85.

1892.

to

1893.

|1893.

1894,

1895.

1894.

E X P O R T S T O E U R O PE FRO M A L L IN D I A .

669

1895.

THE

O cto ber 12, 1895 1

78
68

89
81
79
79
72
84
80
89

93
76
62
76
34
76
73
71
65
71
59

71
59
73
75
63
69
72
71
77
74
75

72
70
72
78
74
70
74
79
78
76
70

92
91
S3
82
81
SO
75
83
77
80
83

5S
72
81
87

80
81
75
79

79
78
70
77
79
76
77
78
75
75
74

72
75
74
81
85
80
79
79
74

78
77
79
87
8.3
81
80
77
78
70
74

64

72
84
70
07
64
58
72
70

88

79
79

88

88

87
79
83
78
83
82

82
81
70
75
82
91

86

96

A verage... 65-1 82-7 70-7 73-3 75-7 8 0 0 8 1 ’4 78-9 76*5 79 3

rH
CO

00
H

81
79
SO
79
84
74
76
77
62
76
85

7 S 7 4 -7

the week under (re­
3.000 14.000
9,000
6 .0 0 0 24.000
4,000 15,000 view the market for jute bagging has been very quiet, but
former quotations have been well maintained at 4}gc. for \%
Total Europe......... 14,000 29,000 9,000 38,000 4.000 24,000 lbs., 4J3C. for 2 lbs. and 5c. for standard grades iu a jobbing
• A ran U r is 98 pound*.
way. Car-load lots of standard brands’ are quoted at 4}£c.
t Of whiou tn America In 1335, 1,530 bale*; in 1331, ----- bale*; In
for 1?4 lbs., 4'*c. for 2 lbs. and o ^ c. for
lbs. f. o. b. at
1 9 9 3 ,1 ,3 2 0 bales.
Manchester Market.—Our report received by cable to nig t New York. Jute butts on the spot have been dull and feat­
from Manchester states that the market is steady for both ureless and are quoted at 1 l-16c. for paper quality and l}£c.
yarns and shirtings. Merchants are uot willing to pay present for mixing. Bagging quality is nominal in the absence of
prices. We give the prices for to-day below and leave those stock.
for previous weeks of this and last year for comparison:
M e m p h is D i s t r i c t C o t t o n R e p o r t .— Messrs. Hill, Fontaine
& Co.’s regular monthly report on cotton in the Memphis
1394.
1895.
District, which embraces West Tennessee, North Mississippi,
8 k the. Shirt* Cott'n North Arkansas and North Alabama,was issued on October 7,
jSJ4 lb*- Shirt*1
, C o tfn >
.
32# Cop. mo#, common H id.
y&P- ina*, common Hid.
as follows :

|

to finest.

d.

a a. d.
3.
• « % 4 3% ® 6
Sep. *3 6
•• 13 6 *1# ® 6 % 1
4 4 •«
•• 20
•* 2 ? S4)* *>7<« 4 5 9 a
Oct. 4 6 l i|A#7 *9 l 6 9 6
4 6^® 6
•• i i

J u t e B u t t s , B a g g i n g , & c ,— During

|Vptd*

1 K'w *

♦

J
4.
6
4>« 5 U ,«S 65»
0
t » « 5t*i„ • « « ,
a
4% 5 it ,t #0>*
7 4 lit,, 54 8 8 4
9
4 l* „ 5 * t 8 6 7 „
101 4*TW|5N 8 0 S ,,

to,finest.

4
4
4
4
4
4

6 k ®6
6 k 36
6
96

5 80
5% 9 6
5 96

Uplde

7
7
6
44
5
4

*
3=4
3 at 3
3*1,3
3«, a
34
3>13,

Sea Island Cotton Movement,— We have received tins
(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 (October 11) and since
Sept. 1, I89o, the stocks tonight, and the same items for the
corresponding periods of 1891, are as follows.
130 5.
R eceip t. to Oet. 1 1 ,

Stock

18 9 4 .

TM t
Since
This
Sin ce
week, iSept. 1. week. Sept. 1 ,

18 9 5.

3,631
669

0,o8o; 5,033

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

38?

Florida, A c..................... .

4,33*

Total.

8.362
1,252

2,436

10,365

39

65

65

9,652

2,696

1 0 ,9 1 8

19 5

1,054'
931

1894
708
1 .5 5 8

8 ,0 7i| 7 .3 5 9

The weather during the month was dry and favorable for picking,
but 184 out o f 292 correspondents report It much less favorable than
last year. Crops within the district, m the main, are iu poor condi­
tion; 179 out o f the total report them much worse than last year. This
is due to the long-continued drought which set tn early In August and
was not broken by showers for nearly two months. The result lias
been most Injurious to cotton. The extrem e high temperature which
prevailed for three weeks in Bopi.uuber forced a premature opening o f
bolls and also can red heavy shedding. The damage lias been serious,
and Is shown in the prospective yield o f the district, which, as com ­
pared with last vear. Is now estimated at 27 1-3 per cent less, a
deterioration o f folly 4 per cent from what was reported last month.
The n e t 3 k id by States is a* follow s;
Mississippi, 31 per cent; Arkansas, 27% per cen t; Tennessee, 27%
per cent ; Alabama. 23 per cent. The effect o f the extrem e hot weather
in September is clea ly Indicated In the report of all our correspondents
regarding picking, which is now in progress, and is general throughout
the four State*. An unprecedented condition for this early in the sea­
son. Cotton is ail open in the field*, and many o f our correspondents
report tlmt the picking Ktusoii wilt bo the shortest tn the history o f
ootton raising In the South. Iu the bottom s, on fresh now ground,
there will be some middle and a very light top crop, but on the sandy
lands and on the table lands there will bo nothing but the bottom
crop, as the drought has taken ail Jho vitality out of the plant.
Frosts are reported throughout the le nh ern section or the district
and In the Immediate vicinity o f Memphis. The dates o f its appear­
ance were September 28, 29 and 30, which la tw elve days earlier than
the average date for frost In this section, and no estimates of its dam­
aging effect on cotton can at present bo given.
E ast I ndia Crop P rospects . —The following is from the

The exports for the week ending this evening reach a tot 1
of *519 hales, of which 332 bale* were to Great Britain, 88 Bombay Prices Current o f September 13:
to France and — to Reval, and the amount forwarde I to
The cyclonic rain which visited Bombay on Friday night extended
Northern mills has been 790 bales.
Below are the export* to som e o f the cotton growing districts oh this side o f India, and the
official telegraphic weather and crop reports to hand on Monday
for the week and since September l In 1893 and 189-1.
Exports
from —

j Week Ending Oct. U. Sine* Sept, 1, 1895. Sorth'n U au
Great Fr’nct
Great r r n c t
Sine*
Total. BriCn
Total. Week. Sept.l
Brit'n.
dc.
dc.

Savannah,,.

742

C harrt'n,A c;
Florida, Ac.

New York..' * 5 3 2
Boston......

Baltimore

T o ta l. .....

*86
.......

532

86

"sis

**23*6

....... ....... .......
018
80 91 230|

1,107

*38 ***88

838

.......

.......

780

1.145

226
421
195
834'
307 1.2)1 2,223 3,646
A considerable portion of the Sea Island cotton shipped to
foreign ports goes vis New York, and some small amounts via
Boston and Baltimore, Instead of including this cotton for
the week in which it leaves the Southern outporta, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
■hitwuentj! of H#?a Island colton for the week will be found
under the head *4Shipping News,” on a subsequent page.
Quotation# O ctober 11 at S avan nah , for Florida^, common,
10c.; medium fine, l i ^ c , ; choice, iSJ-^c.
Charity ton, Carolina.*, medium fine, 19 to 22c.; fine, 24 to
26c,; extra fine 35c. and upward*.

Total 1894.

T ips A g r i c u l t u r a l D e p a r t m e n t s R e p o r t f o r O c t o b e r . —

The Agricultural Department4* report on cotton for October l
is given below*
The return# to th? sutktkai Division of the Department of Agricul­
ture for the month of October runfee cotton show » decline of .V7 points
from the 9eptei»t»er condition, which was 70“$, against 65 1 for the
present month.
There la a general com plaint from *11 the conn tie5* reporting of

•xtenafve damage from *»ariy rain*, recent drouth and ravages by boll
worms and other insects, fn Booth Carolina, Georgia and Mississippi

morning advised a heavy fall atSholapore, Dhulla, and Julgautn,
ranging from about 4% inches in the latter d istrict to 8 % inches in the
former, where, however, U had done no harm, though a break was
needed at Sholapore. In the Bengal district no further rain had been
registered, and the crop was flourishing la the lint* weather. Til©
plants were in flower at Khaugaum, Oomrawuttee. Dhulla and Julgautn tn the Oomra circle; but they needed more rain at Kliangautn;
as they also did at Broach, where, how ever, the crop was Still flourish­
ing and at fitabll. Ia the D bolkra circle the plants were flourishing
and looked healthy In the Wadhwan district, but more raiu was wanted
and also at Bhownugger in the same circle, while at Veerumgaum the
cotton crop on the high ground was dot tig well, but was poor on low
land.
This m- -sin g ’ s advices by wire are, with scarcely an exception, of a
favorable tenor. The cotton plants were in flower, and showing bolls
at Bi-awar, Khan gaum. Dhulla and Julgaum : but more rain was
needed at Wudhwim and Hubli. The sowing o f the crop had com ­
m enced at Bellary.
s h i p p i n g N e w s . — The exports of cotton from the United

States the past week, as per latest mail returns, have reached
80,056 bales, 80 far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the C h r o n i c l e last Friday. With regard to New York we
Include the manifests of all vessels cleared up to Thursday.
T o t a lb a le s .

N*w Y o r k —-To Liverpool, per steamers A uratlin, 1,979 upland

ana 10 Sea Island___Georgio, 10,1 LI up lind aud 522 Sea
I s la n d ........................... ........................................................ .
12,021
To Hull, per steamer Galileo. 9 9 9 ........ ...................... ...........
999
To Havre, per steamer La Bourgogne, 1,200 upland and 86
Sea I s la n d ................. ............. ................... ................... .
1,286
So Bremen, p r steamers Latin, 0 8 0 ....T r a v o ,5 0 0 ............ ,
1,180
To Hamburg, per steamer Patrla, 120.......................................
120
To Antwerp, p r steamer Kensington, 1,550.......... ...............
1,550
To Oothsi burg. persc«*ain»r Venetia, 750 ..........................
750
To G enoa, per steam er Alsatla, 663 ....... ....... ...................... .
668
To Naples, per steamer A 1satin, 5 o ................................... .
50
N ew Orleans —l<> Liverpool, per steamers Barbadian, 7,140
... Darien. 4,184 ......................... ............................................ 11,324
To Havre, per steamer Highland Prince, 6,050 ...................... 6,050
To Hamburg, per steamer Markomannla, 3,691...................... 3,091
To Genoa, per steamer Spanish Prince, 3,350.......................... 3,850

THE

670

CHRONICLE.

T o ta l b a les' \

8,312

GALVE6TON—To Liverpool, per steamer Graoia, 8 .3 1 2 .,............
To Havre, per steamer Heathtield, 0,004. . .............................
S a v a n n a h — T o Bremen, per eteamer Benrlo, 7 ,5 5 6 ................. -•
B ronrw ick —T o Bremen, per eteamer L rd Londonderry. 3,545
C h a r l e s t o n — To Barcelona, per eteamer Madura, 8,0<*0............
B o sto n —1 o Liverpool, per steamers Michigan, 285 — Otto­
man, 92.................................................
B a l t i m o r e —To Bremen, per steamer Stuttgart, 2,723..............
T o t a l..........................................................

7,656
3.54o
8,000

T o t a l.... 32,634

B rem en
d -H a m -

O pen H igh L o w . Clos.

B 'lo n a ,
A n t - G o tlie n - G e n o a <£

2/7 23
999 13.340 18,215

burg. Naples Total.
750
718 19,224
3,850 24 3 ’ 5
14,316
7.556
3 515
8,000
8,000
377
2,723

1,550

750 12,568

O ctob er__
Oct.-Nov....
Nov.-Dee...
Dec.-Jan..
Jan.-Feb.. .
Keb.-Mch.
Mch.-April.
AprII-May..
May-June..
■June-July..
.July-Aug...
Aug.-Sept

d.

d.

•144
4 43
443
4 44
4 40
4 47
4 48
4 50
4 51
4 52
4 54

4 44
4 43
4 43
4 44
4 46
4 47
4 48
4 50
4 51
4 62
4 54

d.
4 44

4 43
4 43
444
4 46
4 47
4 48
4 50
4 51
4 52
4 54

d.

— To L iv e rp o o l-O o t. 4—Steamer Ida, 5 ,0 4 7 .... Oot, 5 —
Steamer Teutonia, 6,016 . Oct. 7 -8 te a m e r Fenmore, 6,296----Oct. 1 0 —Steamer Serra. 4,666.
To Bremen—Oot. 8 Steamer Joseph John, 5,000.
T o Hamburg—Oct. 16—Steamer Cambria, 2f 0.
N e w O rleans —T o L iverpool—Oct. 8 -S team er Floridian, 4,351.
To H avie. Oct. 8—Steamer Persian Prince, 4,629.
To Hamburg—Oct. 10—Steamer P olynesia. 2,247.
To Am w erp—Oct. 8 —Steamer Persian P iin ee. 170.
To Barcelona Oct. 5 —Steamer Puerto Rico. 3,463.
To M alaga—Oot. 5 —Steamer Puerto Ricr>, l,0 0 o.
Mobile T o Liverpool Oct. 5-Steam e* Dalmally, 5.494.
B a v a n n a b — To B arcelon a -O ct. 10—Steamer Miguel Gallart, 8,200.
Ch arleston —T o B rem en - Oct. 7 Steamer Salopia, 3,791.
To Hamburg—Oot. 7—Steamer Salopia, 200.
To B arcelona- Oot. 9—Steamer Wakefield. 6,734.
W i l m i n g t o n — To Bremen - Oot. 5 -S team er Jeanara, 11,125.
B o s t o n — To Liverpool—Oot. 2—^teamer Columbian, 1 ,3 " 0 ... Oot. 4—
Steamer Scythia, t 5 0 ... Oct. 7 —Steamer Sachem, 652 — Oct. 8—
Steamer Philadelphian, 2,484.
B a l t im o r e
To Liverpool Oct. 2 - Stean er Sedgemore, 2,099.
To Bremen—Oot. 9—3teamer Weimar, 5,366.
San F r a n c is c o —To L iverp ool-S h ip s Mary Frazsr, 70; Queen Mar­
garet, 37.
alvesto n

I»Ion., O c t. 7.

O pen H ig h !L ow .
d.

d.

4 44 4 43 4 43
4 43 4 43 4 43
4 43 4 43 4 43
4 44 4 14 4 41
4 46 4 45 4 41
4 47 4 40 4 40
4 48 | 448 4 48
4 50 4 49 4 60
4 51 4 51 4 51
4 52 4 52 4 62
4 54 1 53 4 54

Clos.

Thus: 3 63 m eans
T u e s ., O c t. 8 .
O pen H ig h

d.

d.

d.

4 43
4 42
4 42
4 43
4 45
4 46
4 47
4 49
4 50
4 51
4 53

4 43
4 42
4 42
4 43
4 45
4 49
4 47
4 49
4 50
4 51
4 53

4 42
4 41
4 41
4 42
4 44
4 45
4 40
4 48

Low. Ol08.

a.

4 43
4 42
4 42
4 43
4 45
4 40
4 47
4 40
4 49 4 50
4 50 4 51
4 62 4 53

d.

d.

4 42
441
4 41
4 42
4 44
4 45

4 43
4 42
4 42
4 43
4 45
4 40

4 40
4 48

4 47
4 49

4 40
4 50
4 52

4 50
4 51
4 53

W e d ., O ct. 9.

T il lll-s., O c t. 1 0 .

F r i . , O c t. 1 1 .

Open H igh L ow . Clos.

O p m High L o w . Clos.

>pen H igh L ow . Cl08.

80.056

Below we add the clearances this week of vessels cari> ng
OOfcton from United States ports, bringing our data dowr to
the latest dates:
G

1

S a t ., O c t. a .

377
2,723
80,056

Hull. Havre. b u r g , w e r p .
999 1,286 1,300 1,550
3,091 .........
6,0 T>0
6,004
7,556
3,545

The prices are given in pence and 64ths.
3 i>s-64d., and 4 01 m eans 4 l-6 4d.

6 ,0 0 4

The particulars of these shipments, arranged in out usual
form, are as follows:
Livcrp ol.
New Y ork. 12,621
N. Orleans. 11,324
Galveston.. 8.312
Savannah..
Brunswick
Charleston.
B oston......
377
Baltimore..

[V ol. L X I.

d.

O ctob er__ 4 46
4 45
Oot.-Nov..
Nov.-Dec... 4 45
Dec.-Jan.... 4 46
Jan.-Feb.... 4 48
Feb.-Mch. 4 49
Mcb.- 4 oril. 4 50
April-May.. 4 52
May-June.. 4 53
June-July
4 54
July-Aug... 4 56
Aug.-Sept .

d.

d.

d.

4 47 4 46 4 47
447 4 45 4 47
4 47 4 45 417
4 48 4 46 4 48
4 49 4 48 4 49
4 51 i 49 4 51
4 52 4 50 4 52
4 53 4 52 4 53
4 55 4 53 4 55
4 50 4 54 4 50
4 57 4 56 4 57

d.

d.

d.

149
4 48
4 48
4 49
4 50
4 L2
4 53
4 55
4 56
4 57
4 69

4 19
4 48
4 48
4 49
1 50
4 52
4 53
4 55
4 50
4 57
4 59

4 47
140
4 40
4 47
4 48
4 50
4 51
4 52
4 54
4 55
4 57

d.

d.

d.

4 47 4 47 4 47
4 46 4 47 4 47
4 46 4 47 4 47
4 47 4 48 4 48
4 49 4 49 4 49
4 50 4 50 4 50
4 51
4 52 4 52
4 52 ; 4 53 4 53
4 64 4 55 4 55
4 55 4 58 4 56
4 57 4 57 4 57
— 1 ...

d.

4 47
4 47
4 47

4 48
4 49
4 50
4 52
4 53
4 55
4 56
4 57

d.

4 47
4 47
4 47
4 48
4 49
4 50

4 52
4 58
4 55
4 56

4 57

B R E A D S T U F F S .
Friday, October 11, 1895.
A fair amount of business has been transacted in the mar­
ket for wheat flour during the past week. The trade brands
have been dealt in principally and the buying has been fairly
general, both the home trade and shippers having sho vn in­
Cotton freights the past week have been as follows
terest, and prices have ruled steady. City mills have been in
fair request at steady nrioes. Rye flour has been quiet but
W ed n es. T h u rs.
h Y i.
T u es.
M on.
S a lu r .
steady. Buckwheat flour has sold slowly and early in the
week prices were lower, but subsequently there was a re­
L iv e r p o o l............. cl.
764
764
S32
7<J1
3sa
3sa
covery on more favorable weather for trade. To-day the
....
Do
asked.d
....
....
....
....
....
market for wheat was moderately active and an advance of
H a v r e .................. d
%
%
5c. per bbl. was obtained on some grades.
....
D u n k irk . . .......... c.
....
....
....
...
The speculative dealings in the market for wheat futures
B r e m e n .................c
27% t
2 7% t
25t
25t
27 Lit
251
have been moderately extensive, but no material changes have
....
....
....
Do
................. c
....
....
been made in prices ; early in the week selling was general,
H a m b u r g ............. c
%
%
%
■4
prompted by weaker foreign advices, and prices declined, but
...
....
Do
............. d .
....
....
....
subsequently European advices turned stronger and this
2 7 12-30' 271-3-301 2713-301
25f
25t
25*
A m s te rd a m , Oot.C;
stimulated a demand from the “ short” interest, which
R e v a l, v. H a m b d . 11«4 ® 3ie 1164'a>316 1184'®316
31«
3ie
3 J0
generally is supposed to be large, and prices advanced. In
U
8,®
3
1(
Do
v. Hull...ri5. 11e i ® 3ie
11643i316 116t 5>310 11t?4'®3lh 110<.'3,310 the spot market prices have advanced, checking trade. The
B a r c e lo n a ........... d .
....
...
....
.. .
....
....
sales yesterday included No. 2 red winter at lj^ c. over Dec.
G e n o a ................. .cl. l7l ,S -r> S, 17, g-5 j l7 12S"532 l b ! 8
17i 2e
171S8
f.o.b afloat, No. 1 Northern at
over Dec. f.o.b afloat and
T rie ste , Ootober.rf. 532®** 4 532 ' 1]6» 582® 1164 B32®1IG» 533®U Bt 532® l l 64 No. 1 hard spring at 2% @ 2^ c. over Dec. f.o.b. afloat. To­
A n tw e rp , O o t ...d .
s32
332
S32
3. 2
3S>
S32
day the market was active and prices advanced sharply on
Ghent, v. A n tw ’p .d
*6
%
%
%
brisk buying both for “ long” and “ short” account, stimulated
t Cents net per 100 lbs.
by i he continued unfavorable weather conditions in winterLiverpool.—By cable from Liverpool we have the following wheat districts for seeding. The spot market was firmer but
statement of the week’s sales, stocks, &c., at that port:
quiet. The sales included No. 1 Northern at %c. over Dec.
f.o.b. afloat.
Sept. 20.
Bales o f the week........... bales
Of which exporters t o o k ...
Of which speculators took
Bales A m erican.......................
A ctual e x p o rt...........................
F orw arded............ ....................
T otal stook—Estim ated..........
Of w hich American—E ating
Total im port o f the w eek.......
Of which A m e r ic a n ............
A m ount afloat......................... .
O f which A m erican ..............

61,000
2,600
300
53.000
9.000
49.000
1,094,000
976,000
8.000
4,000
34.000
30.000

Sept. 2

101,000
2,500
3,300
88,000

10,000

Oct. 4
75.000
1,000
2 ,' 00

66.000

5,000
69.000

Oct. 11.
56.000
3,200
3,900
50.000
4,000
67.000
938.000
832.000
23.000
19.000
92,0<'0
82.000

D A I L Y CLO SIN G P R IC E S O P NO . Z R E D W IN T E R W H E A T .

Sat.
. 0. 64^8
neoember delivery..
6
-C. 6 9 ^
Marcli d elivery........
0. 69%
May delivery....................o.

Mon.
63=8
65 ^
6 8 I9
6 9 1*

Tues.
64S8
6 6 14
69%
70*8

Wed.
65
6S5g
6978
70 ^

Thurs.
64%
6638
69%
6 9 7a

PH
66%
675a
....

71

The market for Indian corn futures has been quiet, and
prices hav ■ declined under free offerings, both for local and
Western account, prompted by a free movement of the crop.
12.0 00
21.0 00
In the spot market business has been fairlv active, as shippers
9,000
13.000
were buyers, but prices have weakened with futures. Che
55.000
60.000
49.000
56,000
sales yesterday included No. 2 mixed at 2%o. over October
f.o.b
afloat and yellow at 87%c. in elevator. To-day the
The tone of the Liverpool market for spots and futures ea< h
day of the week ending Ocfc. 11 and the daily closing prices market was firmer in sympathy with an advance in wheat.
The spot market was quiet. The sales included No. 2 mixed
of spot cotton, have been as follows*
at 2 J g C . over October f o b . afl iat and No. 2 white at 2 J ^ o .
over October f.o.b. afloat.
Spot.
Saturday Monday. Tuesday. Wed’day Thursday. Friday.
Market, ?
1:45 p. m . ij Quieter.
M ld.Upl’da.
Bpeo. & exp.

4%
8,000
500

Fair
business
doing.
4%

10,000
500

Fair
business
doing.

Quiet.

874,000

D A IL Y CLO SIN G P R IC E S O P N O . Z M IX E D C O R N .

42 i32

43532

10,000
500

Quiet.

9^4,000

Good
Harden’*i. business
doing.

10,000
1,000

Futures.
Barely Steady ai Steady ai
Market, ?
1-04 de
at 2-64 ad­
1:45 p . m .$ steady
1-64 dec
vance
oline.
Market, ? Steady.
4 P. M. ^

59.000
,03*,000
928,000

Stead >
Very
■teady.

Fair
business
doing.
4 2782

12,000
1,000

10,000
500

Steady at Irreg. at
2-04 ad­ 2-04 <«i 3-01
vance.
decline.
Barely
■teady

8teady.

The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:

October delivery ...
November delivery. ----- 0.
December delivery- . . . 0 .
May d eliv ery ............

Sat.
36%
35%
35*6

Mon.
3S
3>7a
35
35

Tues.
363s
36*8
35%
35

Wed.
36kj
36 ^
35
35

Thurs.
36i8
35%
315a
34%

Fr%
36%
36
35
35

Early in the week the market for oats for future delivery
was weaker under a large movement of the crop and a ma­
terial gain to the supply in sight, but subsequently there was
an advance on a demand from “ short” to cover contracts,
stimulated to some extent by a report that shippers were ne­
gotiating for supplies in the spot market. Business in the
spot market has been fairly active but at easier prices, The
sales yesterday included No. 2 mixed at 23J^c, in elevator
and No. 2 white at 25c. in elevator. To-day tne market was
quiet but steady. The spot market was moderately active
and a trifle higher for mixed- The sales included No. 2
mixed at 23%c, in elevator and No. 2 white at 25c in elevator.

THE

Oc t o b e r 12, 1S95.J

CH BONICLE,

DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
rues.
Fr 1.
Man,
Wed. Thurs
Sat.
22 tg
23%
23
23%
...a . 23
23 Os
23%
231*
23%
.—. 0. 23 q
22 7S
23%
23%
233*
23%
23%
23=s
. . . 0 . 23>e
25%
25 q
25%
251*
25 **
25%
B a r le y h a s b e e n in in c r e a s e d d e m a n d a n d firm e r, R y e has
b e e n n e g le c te d .
T h e fo llo w i n g a re c lo s in g q u o ta tio n s :
FLOCK
F ine..................V bbl. $2 15 * 2 35 Patent, w inter.......... $3 50®$3 75
BaperUne..................... 2 1 5 * 2 65 City m ills e x tr a s ..... 3 8 5 * ___
Extra. No. 2 ............... 2 5o * 2 75 Rye Hour, aapertlne.. 2 5 0 » 3 00
E xtra. No. 1................ 2 60 U 3 00 Buckwheat flo o r....... 1 6 0 * 1 7 0
C lea rs........................ 2 $ 5 * 3 25 Corn meal—
BtraJ i;ht*................... 3 25 * 3 50 ; Western, &o............ 2 5 0 * i 55
2 60
Patent, sprtnj?.......... 3 4 0 * 3 75 i Brandywine....... .
l Wheat Hour tn sacks sells at pnoes below those fo r barrels.)
GRAIN.
c.
0.
i Corn, per bash—
0.
Wheats—
West'a m ixe d ........ 37 o 40
Spring, per bush.. 67 o 72
No. 2 m ixed.......... 37% 2 3 9 1*
Red winter No. 2 .. 67 9 70%
Western y e llo w ..
37 9 39%
Red w inter............ 62 3 71
Western W hite___ 37 9 39 >a
White...................... 66 W 71
Oats—M ixed, per bu. 23 n 25% Rye—
Western, per bush.......... O
White..................... 2 3 % 3 29
Btale and Je rse y .. 10 9 48
No. 2 m ixed .......... 23% * 214*
o
28
Barley—W
estern .... 41 a 43
S o. 2 w h ite............ 25
B u te 2-rowed................. 9
State 6-row ed................. 9
...
A g r i c u l t u r a l DtPARTMENT R e p o r t .— T h e A g r ic u lt u r a l
D e p a r tm e n t’s r e p o r t o n th e c e r e a l c r o p s w a s issu e d o n O c to b e r
10. a n d is g iv e n b e lo w :
The O ctober returns to the btatisGcian of the Department o f Agric
allure m ake the general condition o f corn . 5*5 per cent atulnal U6’4
for the m onth o f September* In most o f the Southern .States the eon*
dll ion has falls-u since lust report.
The average* o f condition In the large and surplus corn growing
States are a» follow s: Tennr**ee i>9, Kentucky 99. o h o 87, Michigan
89, Indiana 92, Illinois 99. Wi»conMu s7, Minnesota 94, Iowa 96, Mis­
souri I I I . Kansas 8b, N ebraska50.
T h - returns o f yield per acre o f wheat indicate a production o f 12*5
busheie. being o -lo o f a bushel lc*s than last October's preilinluary
estimate.
*
The rate o f yield o f selected States Is » » follow s: New York IS 1,
Pennsylvania i.*>. Ohio 12, Michigan 12, Indiana 9, Illinois 1 1 . \Siscou
*ln 15, Minnesota lu , Iowa 18*8. Missouri 12. Kan*as 7 5, Nebraska
12, Booth Dakota 10 3, North Dakota 19, Washington 14, Oregon 20,
California 10.
The indicated quality for the country Is 85*7. The quality in some
o f the principal wheat «tat*« is, for New York 96, PenneyianU 90,
Kentucky #7, Ohio 85, Michigan »1. Indiana **4. lin t e ls 7 Wt*cou
sin 90, Minnesota 9H, Iowa 95. Missouri 78, Kansas 69, Nebraska 88,
Booth Dakota 65, North Dakota HO, Washington 92, Oregon k
j z , Cal­
ifornia 87,
The preliminary esUrtate o f the jrbld o f oat* is 2f>‘6 bushels per
acre; o f rye l i t ; o f barley 2 8 4 .
ft*** con d ition o f buckwheat is re­
turned at 34*9. Irish poud oe* » 7 ’4 and tobacco 60*3.
IW F ar ta b le s a sn a llv g iven b e re se e g a g e t i l s .

.

.

THE

DRY

GOODS

TRADE.

671

a n o th e r u p w a r d tu r n , L o n s d a le , F r u it o f th e L o o m a n d M a so n v ilie 4-4 b le a ch e d b e in g a d v a n c e d to 8J^c., H o p e & B la c k s t o n e
to 7}.^c., w ith c o r r e s p o n d in g a d v a n c e s in v a r io u s o t h e r t ick e ts .
T h e m a r k e t is still w e ll s o ld a h e a d a n d bu sin ess d o in g a t th e
la te s t a d v a n c e s .
O n e o r t w o le a d in g m a k es
o f w id e
sh e e tin g s
have
been
fu r t h e r
advanced
5
per cen t
th is w e e k , bu t th e g e n e r a l d e m a n d is in d iffe r e n t.
C oa rse
c o lo r e d g o o d s are s t r o n g t h r o u g h o u t. T ick s a re fr e q u e n t ly
q u o te d J^ e. t o l } £ c . h ig h e r . D e n im s are a g a in s t b u y e rs , a n d
c h e v io ts . p la id s, c h e c k s a n d strip es a re v e r y fir m . T h e g e n ­
era l d e m a n d is im p r o v in g , p a r tic u la r ly in d e n im s a n d tick s.
Q u ilt s s h o w a g e n e r a l a d v a n c e o f fr o m 5 to 10 p er c e n t. K id h n is h e d c a m b r ic s are q u o te d at 4c. fo r 04 squ ares, an a d v a n c e
o f L£c. F a n c y c a lic o e s are q u ie t b u t fir m . O th e r r e g u la r
p rin ts are te n d in g u p w a r d s u n d e r in flu e n c e o f th e p r in t c lo t h
m a rk e t, an d are o c c a s io n a lly q u o te d V^c. h ig h . G in g h a m s a re
q u ie t a n d u n a lte re d . P r in t c lo th s h a v e s o ld to a fa ir e x t e n t a t
H f ic . fo r e x tr a s , sp o ts a n d c o n t r a c t s , a n d c lo s e v e r y firm
th ereat.
1895.
1894.
1898.
Stock o f Print Olotkt—
Oct. 5.
Oct. 6.
Oct. 7.
. 96,000
39,000
183,000
. 26,000
13,000 )
423,000
, 70,000
115,000 5
194,000
167,000
606,000
W o o l e n G o o d s .— T h e d ress g o o d s d iv is io n has a g a in s h o w n
th e m o st s a t is fa c t o r y resu lts in th is d e p a r tm e n t, a fa ir re o rd e r
bu sin ess p assin g in fa ll lin e s a u d a g o o d g e n e r a l bu siness b e­
in g r e p o r te d in n e w s p r in g fa b r ic s . T h e m a r k e t is v e r y firm
o n the la tte r a n d in o c c a s io n a l in sta n ces a d v a n c e s o f 5 p e r
c e n t are re p o rte d o n o p e n in g p rices. M o h a ir a u d m o h a ir m ix ­
tures s h o w th is fe a tu r e m ost n o t ic e a b ly . S o ft w o o l fa n c ie s
are s e llin g b e tte r l o r th e c o m in g season th a n g e n e r a lly e x ­
p e cte d . H e n rie tta s a n d c a s h m e ie s a re q u ie t, bu t s a c k in g s
h a v e a n u p w a r d t e n d e n c y . T h e m e n ’s -w e a r d iv is io n h a s d is ­
c lo s e d n o n e w je a i u r e o f e n c o u r a g e m e n t b e y o n d th e r e c e ip t o f
an o c c a s io n a l o r d e r l o r g o o d s to r e p la ce c a n c e le d fo r e ig n c o n ­
tra cts. S o m e m ills e n g a g e d on m e u iu m -p r ic e d lin es are r e jio r ie d t o b e c lo s in g d o w n u n til th e h e a v y -w e ig h t sea son op e n s.
B u sin ess in o v e r c o a tin g s is r e s tr ic te d a n d p rice s a r e ir re g u la r .
C lo a k in g s c o n t in u e in fa ir r eq u es t. O c c a s io n a l a d v a n c e s a re
re p o rte d in ca r p e ts , a n d th e t e n d e n c y o f th e m a r k e t g e n e r a lly
is ag a in st b u y e rs. F la n n e ls a n d b la n k ets a re firm b u t n o t
s e llin g m a n y q u a n t it y .
F o r e ig n D r y G o o d s . — D ress g o o d s f o r s p r in g are s c a r c e in
d e sira b le lio e s a n d p ric e s h a v e a n u p w a r d t e n d e n c y . S ilk s
a lso firm , w ith fa ir o r d e r s a g a in r e p o r te d a u d r iu o o n s iu f u lly
a v e r a g e r. qu est. L in e n s a re in s te a d y d e m a n d at p re v io u s
p rices. M e n d -w e a r w o o le n s a n d w o rste d s m lig h t -w e ig h t s
a re d iflie u lt to r e o r d e r e x c e p t a t h ig h e r p ric e s, a n d th e n e w
h e a v y -w e ig h t .s e a s o n lo o k s lik e o p e n in g a t an a d v a n c e d r a n g e
o f v a lu es.

N e w Y o r k . F r i d a y . P . M ., O c t o b e r I I , 1896.
I m p o r t a t i o n s 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 y li o n d a
T h e r e b a a b e e n n o c h a n g e tn th e te m p e r o f th e m a r k e t fo r
T h e im p o r ta tio n s a n d w a r e h o u s e w it h d r a w a ls >f d r y g o o d s
c o t t o n g o o d s d u r in g th e past w e e k , b u t th e a d v a n c e s r e c o r d e d
h a v e (w en c o n fin e d c h ie fly t o b le a c h e d a n d c o lo r e d c o tto n s , at th is p ort fo r th e w e e k e n d in g O c t o o e r 10, a n d s in c e
b r o w n g o o d s r e s tin g f o r the m o m e n t a t t h e t o p p ric e s r t c o n lly J a n u a ry 1, 1895, a n d f o r th e c o r r e s p o n d in g p e r io d s o f last
r e a c h e d . T h e g e n e r a l d e m a n d h a s n o t c h a n g e d In c h a r a c t e r , v ea r a re a s f o llo w s :
71
e it h e r th e m a jo t i t y o f b u y e r s c o n t e n t in g th e m se lv e s w ith ? m
S
K
at•«-».'■ 5<jss» •
rr
<■*
m e e tin g c u r r e n t r e q u ir e m e n t s fr o m s u p p lie s im m e d ia te ly i. a
O
w
%» if2 g o
I
M
I
V
g
O
£
a v a ila b le o r r e s o r tin g t o jo b b e r s ’ s t o c k s w h e re th e se are n ot lr r s .22.
££
t o b e s e c u r e d a t fir s t h a n d s . T h e r e a re in d ic a t io n s o f s u ch
f
s i B; i f i I
2- : • ■ 3
r e q u ir e m e n ts in c r e a s in g , an d re p o r ts fr o m la r g e d is tr ib u tin g
>r
1 §; h
|
S
c e n t r e s in th e W e s t a n d S o u t h w e s t a p eak o f bu sin e ss r e c o v e r ­
S | S: * • • S
5
T
in g fr o m th e c h e c k im p o s e d by th e h o t sp ell last m o n th .
j ; ; ; * ©
p* a 1
54
B:
; :
T h e h e s ita tin g c h a r a c t e r o f th e c o t t o n m a r k e t th is w eek :
: •3 g
h a s toad n o e ff e c t o n th e m a rk e t fo r sta p le c o t t o n g o o d s ,
—M—
•«
as e v e n sh o u ld c o t t o n m a k e n o fu r t h e r ta n g ib le a d v a n c e , a ® I p *r
MM*0#>
to to
I c. to »o to oo"
fu r th e r r u e in a n u m b e r o f d ir e c t io n s w ill be n e ce ssa ry to
*J '1 to O* M
tota
ws to —to ®
-*i o o — t o t o
•SW
C^"
c* —
to
to
y*
to
to
;: i
b r in g g o o d s tip t o a p a r ity w it h th e c u r r e n t le v e l o f r a w m a ­
M
r be
terial . T h u s selle rs r e la x n o n e o f th e ir r e s e r v e a n d a re as c o n ­ 'J I - to
- ■as A U
M13<113
to to — to to
too o»toto
M ~l
WO
_
s e r v a tiv e as e v e r in b o o k in g o r d e r s fo r fu tu r e d e liv e r ie s . I n M
O to
to O f 1
ww
p p O ® C5m
drees c o t t o n s th e t e n d e n c y o f th e m a r k e t is a g a in s t b u y e rs V* •
to to to to bo
< *‘t o
o>7.|V|'*to*to
b*® A O \ l
IC >0 I C 'I O
t o j X> 1 0
C C X to —
o qo00—o
® o
a ls o , p a r tic u la r ly in p rin te d g o o d s . T h e r e is n o c h a n g e o f
x
O* CMOS to to
-1 I M to I f.Q S S M
to 10 u» to to
*
S
m o m e n t in th e w o o le n g o o d s s itu a tio n . C o lle c t io n s a r e g e n
G»
OS­
Ok '
o r a lly r e p o r te d s a t is fa c t o r y .
a «k l ©to | —tO—tOt0
M tO M K3 tO
o {
es C
C
Ci 1
to O
<* 0» M to O
p - 55« JWi-pf-p
D o m e s t ic Cottoh Goods.—The exports of cotton good
to y s
— to ® to ®
to 5* , fSsf&cwwbi
I o t c o o t o cn
© —
05 00 30 CMJO
©« » 0 » 8 #
f r o m this port for the w e e k ending O c to b e r 7 w e r e 2,475
M O O ® to to
* to
totolOOMQ
pacKAges, valued at j l i { ),027, their destination b e in g to the
p o in ts specified in the table below:
►-cop o « »
-J p p x p
w x *30to to
« -s* I to**®©*—
to C O—7
-to -JfcsiC l1995.
Mj MX! j ppCStOW
p p f-p p
S a w Y o b s t o o c t . 7.
q
o » ’ i2
to ' o to i h V - V o
Week. Since Jan. 1. Wtt-k. Bine* Jan.. 1. CO WJ» —to M —
to o —o -4
OO-J —X
wi to jp I cftooa**’
Great B ritain ..,,..
3,793
42
51
4.641
h)
Other E uropean,.
2 ,'3 0
71
2,006
18
O —<C0*1A.
tote I w*tO—tC—
China ....................
44.322
200
60,362
122 ;
to 40toOto
c .* »
»3 — -as- 1*1
India............... .....
5.935
3.701
'IT/ I CC3 —Oi to
o —toto —
Arabia.........
17,312
18,268
A frica.......... ..........
6,130
7.511
80
480
toiochtocn
c*
O-1-j —to
W e t la d le ,....... .
<«>30
13.937
13.515
390 1
391
p top —p a
Me t lc o ..................
1,720
41 ;
2,205
83
—7a m ’—*^
O
to
>
-4
<
7
>
-4
7,193
Central Am erica..
18!>
9,235
41
tOA-oitoto
C *• j>-1 to
So
to to O m t o
130 tstoto» to
South A m erica__
38.5C5
46.000
1,601 I
1.197
Other Countries..,
2,899
08
5,790
33
00 -I
1—
M M
— to
M-.104-1 fv*l
Ci -QUO MM MM
T otal............ .
156,5 RO
2,751 ; 171.420
“ top OMOOfQ
2,475
O p ® top
pp top—
19,198
China, via Vancouver’ .
19,655
"i
'r
'j
i*
t
o
—^
04
"to
t
o
O
CO— O M O
, 0*04
—- -1 - -I
00 U>A* CDfrQWD
totoOlitaO
.
to to<1w)to
2,754 I 190,618
| ?jL h13CC d- *- x toco
T o ta l...
2.475
176,235

£2*

.

5 s

s

3

a

? I; s;

ij:;jT

si

B usin ess in b r o w n s h e e tin g 0 an d d r ills has b e e n m o d e r a te
an d a t fu ll lim it o f r e c e n t a d v a n c e s . T t e te n d e n c y is still
a g a in st b u y e rs, b u t th e re has been no further upward m o v e ­
m e n t th is w e e k . B le a c h e d c o tt o n s have, however, ta k e n

00 I pJ3 j a-tptfx p p
to to*<ta j O A A A O
m • to a- : m v* — to

p I p p p o p 04to
CD 013 X 0 - 1 0 -I
fx> \ (X>to « NSe-**0 o

— 1 QDto to o C X to

toot
to to
Clt3
cn'»

to——*-to
-*J t o » 3 N J - J

Mtojopoo

*30toX to04
to to o X >3

| It*Mto —c

) x bOX to O if)

toto top®
o
»coo
toto
l3M
*-1toD
M1v t-

1

-

THE

672
S tate

atm p

C it y

TERMS

OF

CHRONICLE.

D E f> ftT M £ flT .

S U B S C R IP T IO N .

iv o l .

l x i.

B o n d P r o p o s a l ! a n d N e g o t ia t i o n * .—We have re­
served through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
•ale

T he I nvestors’ Supplement will be furnished
without extra charge to every annual subscriber of the
C ommercial and F in an cial Chronicle .
T he State a n d City Supplement will also be fur­
nished without extra charge to every subscriber of the
Chronicle .

Albany, N. T.—Bond Offering.—'This city will offer at public
auction on October 21, 1895, $62,500 of 4 per cent registered
street improvement bonds. The securities will be dated No­
vember 1, 1895, interest will be payable semi-annually on May
1 and November 1, and the principal will mature at the rate
of $12,500 yearly from Novemoer 1,1896, to November 1,1900.
The city’s total general debt on October 8, 1895, was $2,592,000; water debt, $1,589,000; total debt, $1,181,000 ; sink­
ing fund, $971,000; net debt, $3,210,000. The as-essed valua­
T he Street R ailw ay S upplement will likewise tion for 1894 was $64,895,635. The value of real and personal
property owned by the city is $7,589,000, Population, accord­
be furnished without extra charge to every subscriber ing to local figures, 98,000.

of the Chronicle .
T he Quotation S upplement, issued monthly, will
also be furnished without extra charge to every sub­
scriber of the Chronicle .
TERMS for the Chronicle with the four Supple­
ments above named are Ten Dollars within the United
States and Twelve Dollars in Europe, which in both
cases includes postage.
Terms of Advertising:—{Per inch space.)
O n e t im e ............ .
$3 50 I Three Months (13 tim es)..$2 5 00
One Month
(4 tim es).. 1 1 0 0 8ix Months
(26 tim es).. 43 00
Tw o M onths
(8 tim es).. 18 00 I Twelve Mouths (52 tim es).. 58 00
(The above term s for one month and upward are for standing cards.)

It lie p u rp o se o f this S ta te a n d titty .D e p a rtm e n t
is to furpish 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 Oity Department,” we expect
to bring down weekly the information contained in the
8 t a t b 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 every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.

Alleghany, Pa .—Bond Sale.—On Oct. 3, 1895, the city of
Alleghany sold $650,000 of 4 per cent registered water extension
water bonds to Whann & Schlesinger, of New York, at
106 045 and accrued interest, The securities are dated June 1,
1895, interest will be payable semi annually on June 1 and
Dec. 1, and the principal will mature at the rate of $108,000
every five years from June 1, 1900, to June 1, 1920, and $110,000 on June 1, 1925.
Nine bids were received for the loan as follows:
B id .

|

B id .

Benwell & Everitt. N. Y - . 105-895 |Rudolph K leybolte & Co.,
Walter Stanton & Co.,N.Y. 106-014 I Cincinnati ........................105-52
W liann* Schlesinger.N.Y. 106-045 I B lair & Co.. Now Y ork ....1 0 4 -6 4
Brown Bros & Co., Fhila. 102 07 I R. L. Day & Co., Boston. 105-559
E. C. Jones Co., N. Y ..........102-56 |J. & W.Seliginan & Co.N.Y. 105-773

This is the balance of a $1,250,000 loan authorized in 1892,
$600,000 having been sold in June last to the German National
Bank of Alleghany at 106-712. Street, highway and sewer
improvement bonds to the amount of $800,000 were also sold
on July 2 at 106-54.
Appanoose Count,v, Iowa.—Bond Election.—The people
of this county will vote November 5 on issuing $65,000 of
court house bonds.
Assumption. 111.—Bonds authorized.—A vote taken Septamber 26 on issuing $15,000 of water-works bonds resulted in
favor of the proposition.
Belfast. Me.—Bond Offering.—Proposals will be received
until October 15, 1895. by F, H, Welsh, Chairman of Refund­
ing Committee, for the purchase of $113,000 of 4 per cent
10-80-year refunding bonds.

Bellevue, P a —Bond Eleetion.—The people of Bellevue
will vote next month on issuing $50,000 of bonds for water­
works
St. Paul’s Debt Diminished.—City Comptroller J. J. McBoston, Mass.—Bond Sale.—It is reported that this city has
Cardy, of St. Paul, has recently made a report showing that sold $5,000,000 of %% percent bonds of the Metropolitan water
during the years 1892 to 1895, both inclusive, the city’s debt loan to E. H Gay & Co. of Boston, at 110-67. This is part of
has been reduced $1,452,926 53. The bonds paid during this an authorized issue of $27,000,000.
Brockton, Mass.—Bond Sale.—A fist of the bids received
period have amounted to $167,500, certificates of indebtedness
on September 30 for the purchase of $10,000 of 4 per cent
$1,169,529 87, and miscellaneous contract estimates and judg­ registered fire bonds dated October 1, 1895, and payable at
ments $115,896 66. The bonded debt of the city at present is tbe rate of $1,000 yearly, beginning October 1, 1896, and
$8,332,100, and there are no long-time certificates of indebt $25,000 of 4 per cent coupon water bonds, dated October 1,
edness outstanding. This latter fact should be a matter of 1895, and payable October 1, 1925, is as follows :
B id f o r
B id f o r
considerable satisfaction to those interested in the financial
w a te r b on d s.
f l r e b on d s.
H. Rollins & S ons...............................................105-17
101-07
condition of St. Paul, as for a number of years the citv has E.
Brewster, Cobh & E stabrook............................... 105-73
been burdened by an exceptionally heavy floating debt. The Blake Bros. & Co................................................... 104-125
100-51
Blodget, Merritt & Co........................................... 105-470
101070
whole floating debt at present is in the form of tax levy cer­ R. L Day * Co ......... ...........................................105-327
100556
10103
tificates amounting to $1,476,000. Including this item the E. H. Gay & Co...................................................... 105-79
Both loans were awarded to E. H. Gay & Co. Interest on
gross debt of the city is $9,808,100; less sinking funds, $343,the bonds is payable semi-annually on April 1 and October 1,
057; net debt, $9,465,043. The Comptroller explains that The water loan is secured by sinking fund.
the tax levy certificates should not, strictly speaking, be in­
Brooklyn, N. Y —Bond Sale.—On October 7, 1895, the City
cluded in a statement of the city debt, as they are a direct of Brooklyn sold $1,052,000 of 3J^ per cent gold bonds to
lien on the taxes to be collected next year. On this subject Blake Bros. & Co. and Hirvey Fisk & Sons jointly at 104-28.
he says that “ such certificates are issued annually to the ex­ The details of the securities are as follows ;
LOANS—
When D u e .
LOANS—
When Due.
tent of 80 per cent of the amount of the tax levy
L ocal I m pr o v e m e n t B onds -

estimate in anticipation of the collection of taxes.
The object of this is to produce ready cash for operating
expenses. The taxes of 1894 were not due and could not be
paid until 1895. There was issued against 1894 taxes the sum
o f $1,496,000 in tax levy certificates, and these have all been
paid during the year 1895 out of tax collections, just as the
certificates of 1895 will be paid in 1896. The taxes of any year
are an asset to meet the certificates issued against that year.
Included in the total debt, as figured above, is a water debt
of $2,460,000. The water-works, it is reported, are selfsustaining, and the Water B oard is rapidly accumulating a
sinking fund. If the tax certificates and the water debt are
excluded from the net debt, the remainder which the city
must provide for is but $5,539,043.
It required $547,638 77 to pay interest on the city debt during
the year 1892, and on Jan. i, 1896, it will require $472,985 for
the year 1896, a difference of $74,653 77, or a little over $200
per day less interest in 1896 than in 1892.

312s:. J&J, $100,000g. Jau. 1, 1914
S k iv e r s —

3Hg, J&J, $250,0002.Jan. 1, 1925
A u x il ia r y Se w e r s—

3*?s, J&J, $50,000e;.. Jan. 1, 1925
W a l l a b o it t M a r k e t —

3 ^ 8 , J&J, $15,000g..Jan. 1, 1925

C it y H a i

s ’^

l

Im provem ent­

. J&J. $95,' OOg Jan. 1, 1920

M u seu m

of

A rt

an d s c ie n c e s —

3122, J&J, $100.0008 Jan 1, 1925
3 L k , J& J, 100,OOOk Jan. 1, 1926
3iag. J&J.
92,000g Jan. 1, 1927
W a t e r -W o r k s -

3^2g, J&J, $250.000g.Jan. 1, 1925

The bonds are dated October 10, 1895, and are free and
exempt from all taxation except for State purposes.
A list of the bid" received is given below:
The Emigrant Industrial Savings Bank bid 103-75 for $250,000 of sewer bonds and $250,000 of water bonds.
Blake Bros. & Co. and Harvey Fisk & Sons, jointly, bid for
the whole or any part of rhe issues, offering 102 86 for local
improvement bonds, 103 60 for City Hall improvement bonds
and 104-18 for all the other securities.
W . I. Qnintard bid for the whole or none 103-69. Blake
Bros. & Co. and Harvey Fisk & Sons, jointly, bid for the
whole or none 104-28.
R. L. Day & Co. bid for $100,000 of local improvement
bonds 102-559, for $95,000 of City Hall improvement bonds
102-959, for $100,000 of Museum of Art and Science bonds, due
1926, 103-459 and $92,000, due 1927, 103-489 and 103429 for all
the other securities.

October 12, 1885,]

THE

CH RO N ICLE.

673

Storrs & Smith bid for $100,000 of local improvement bonds
LaG rasde School District, No. 1, Ore.—Bond S a le—On
101*09, for §93 uOOof City Hail improvement bonds 101*38, for October 1. 1895, this district sold $3-000 of bonds to Messrs.
$100,01)0 of Museum of Art and Science bonds, due 1926. Theiss & Barroll, of Spokane, Wash., at 101 55, the purchaser
101-63 and $92,< 00, due 1937, 101-68, and 101*58 for all the paying all expenses connected with the issue. Six bids were
other securities, or 101 59 for the entire issue.
received for the securities. The loan bears interest at the rate
C per cent, payable semi-annually, and matures in 20 years,
Buffalo,
Y —Bond Offering.—Proposals will be received of
witli an option of call after 10 years.
until Oct. 17.1895, by Erastus C. Knight, City Comptroller,
The total debt of the district, i eluding this issue, is 87,000.
for the purchase of $77,0)0 of 3}£ per centrefunding bonds. Its a-sessed valuation for 1894 was $637,000, The population
The securities will be dated Oct, 1,1895. interest will be pay­ according to local figures, is about 4,000.
able semi-annuiliy on Aptil 1 and Oct. I, and the principal 1
Leominster, 31 ws.—Bond Sale.—On Oct. 7. 1893, the city
will mature Oct. i. 1915, both principal and interest to be
payable at the office of the Comptroller or at the Gallatin of Leominster sold $50,000 of 4 per cent 30-year water bonds
to
Messrs. E. C. Sranwood & Co., of Boston, theirs being the
National Bank, New York, as the purchaser may desire.
Proposals must state the price per one hundred dollars; also highest of eight bids.
at which place it is d-sired to have the bonds made payable.
Le Sueur Connty, Minn.—Bond Offering.—Proposals will
They will be ready for delivery Oct. 31, 1895.
be received until October 24, 1895, by the Board of County
The city’s bonded debt on May 1, 1895, less bonds held in Commissioners for the purchase of 830,000 of 5 per cent
sinking funds, was $11,783,214 85. Since that date there have Court House bonds. The securities will be dated October 24,
been issued $230,000 of 3! , per cent one to twenty year Buffalo 1895, interest will be payable semi-annually on January 1 and
school bonds and $359,3$ 1 33 ot 3V| per cent 5-year tax loan July 1, and the principal will mature at the rate of $10,000
bonds. The assessed valuation for 1895 is $220,064,300.
each year on January 1, 1901, 1900 and 1911. Principal and
Columbus, Wise—Bonds Proposed.—An election will prob- interest will be payable at such place as shall be agreed upon
ably be held November 15 on issuing $25,000 of water works between the purchaser and the Board of Commissioners.
Lisbon, N. 1) tk.—Bond Election.—The people of this city
bonds.
will vote October 22 on the proposition to issue $10,000 of
Benton Connty. Texas.—Bond Sale.—Court house bonds water-works bonds.
of this county to the amount of $93,000 have recently been
London. Ohio.—Bond Offering.—Proposals will be received
sold.
until November 8 by John Redden, City Clerk, for the pur­
Evanston, Ohio.—Bond Safe.—On October 5, 1895, the chase of $15,000 of electric-light bonds.
village of Evanston sold two $500 6 percent light bonds to
Maldeo, Mass.—Bond and Note Sale.—It is reported that
the Centrevtlle National Bank of Thurman, O., for $1 042 50 this city sold on October 5, 1895. $10,000 of coupon water
The securities are dated October 1, 1895, interest will be pay­ bonds, due January 1, 1915, and $40,000 of coupon notes, 835,able semi-annually and the principal will mature in 10 years, 000 maturing at the rate o f 83,500 vearly from June 1, 1896
both principal and interest to he payable at the Atlas National to 1906, $3,000 maturing at the rate of" 81.000 yearly from
Bank, Cincinnati, Ohio.
June 1, 1896 to 1898, and $2,000 maturing $t,000 each year on
Proposals will be received until October G, 1895, by July 1, 1896 and 1897. The securities all bear interest at the
William H. Krapp, village clerk, for the purchase of rate of 4 per cent and were awarded to E. H. Rollins & Sons.
$2,003 63 of Clarion Avenue bond# and 19,537 81 of Trimble
Niagara Falls, N. Y.—Band Sale.—Water bonds of this
Avenue bonds. The securities will be dated Oct. 1, 1895, in­
terest will be payable annually and the principal will mature city to the amount of $18,000 and bridge bonds to the amount
in equal annual instalments in from one to ten years, Prin­ of $9,000 have recently been sold to Isaac W . Sherrill, of
cipal and interest will be payable at the Atlas National Bank, Poughkeepsie. N. Y.
Middletown, Ohio.—Bond Election.—Water-works exten­
Cincinnati, 0 io.
Fairfax, Ml nil.—Bond Offering.—Proposal* will be re­ sion bonds to the amount o f $25,000 will be voted on next
ceived until October 26, 189-5, by Thomas Oreer, Village Re­ month.
Montgomery Connty. Ala.—Bond Sale.—f ive per cent 40corder, for the purchase of $4,500 of 6 per cent water works
bonds. The securities will be dated October 26, 1895, interest year bond# of this county to the amount of $50,000 were sold
will be payable annually, and the principal will mature at th<- on October 7 to Messrs, C. II. White & Co.
rate of $300 each year in 3, 4, 6. 8, 10, 12. 14,1,5 and 17 years
Nevada City, Cal.—Bond Election,—A vote will be taken
Fargo, N. Dalt.—Bond Elect ion,—Tha people of Fargowill , October 28 cn issuing $60,000 of sewer bonds.
vote October 15 on issuing $30,000 of water works and sewer
Norwood. Ohio.—Bond Sale.—On September 27, 1895, the
extension bond*.
village of Norwood sold $10,64$ of fl per cent 1 to 10-year
Florence School District No. 2, Cola.—Bond Sale.— Franklin S.reet assessment bonds to Seasongood & Mayer at
Bonds of this district to the amount of $10,500 have recently 105 82 and accrued interest.
On October -1, 1893. 5 per cent 20-year general purpose bonds
been sold at 98, The loan bears interest at the rate o f 0 per
to the amount of $25,000 were awarded to the German Na­
cent and matures in 5 and 15 years.
Galveston, Texas. —Bonds Authorised, —Bonds o f this city tional Bank of Cincinnati for $25,090 and accrued interest, the
to the amount of $200,000 have been authorized by the Council premium and interest amounting to $208. Four other bids
for the payment of existing floating general indebtedness. vet-re received for this loan, the lowest offering a premium
The securities will bear interest at the rate of 3 per cent, pay­ o f $75.
Electric-light bonds to the amount of $30,000, bearing in­
able semi-annually, and will mature in 20 years, with tin
option of call after 10 years, both principal and Interest to be terest at the rate of 5 per cent, were also sold on Uctober 4,
payable at the office of tb-> City Treasurer or at the city's 1895, to 9. K u h n * Sons of Cincinnati for $30,125. Bidding
11-cal agency. New York. Payment o f principal and interest on this loan v«< very close. Five bids in all were received,
the lowest of which offering a premium of $52. These securi­
will be secured by sinking fund.
ties are dated October 1, 1895, interest is payable semi-annu­
Hamilton County, Obit*.—Bonds Authorize*!.—Bonds to ally, and the principal will mature at the rate of $1,000 yearly
the amount of $16,000 for the renewal of Spring Grove Avenue from October 1. 1897. to October 1, 1926.
bridge over Mill Creek near Ivorydale have been ordered is­
Paducah, Ky.—Bonds Proposed.—A vote will probably be
sued by the County Commissioners. The securities will be
of the denomination of $500 each, dated November 1, 1895. taken November 5 on issuing bonds for water works.
Pottsvllle. Pa.—Bo nils Authorized.—The School Board
and payable November 1, 1902. Interest at the rate of 4 per
will issue $80,000 of bonds. Interest at the rate of 4 per cent
cent will be payable semi-annually.
Jnleshnrg, Col.—Bonds Authorized.—Reservoir bonds to will b* payabeie semi-annually, the bonds to be redeemed at
any time after Dec. 1, 1899, at the option of the Board. A
the amount of $10,000 have been voted.
special tar. ... one-half mill will be levied to pay interest and
Kendrick, Idaho.—Bonds Authoriz 'd.—Water-works bonds taxes on the loan, the residue to be applied to a sinking fund
o f this municipality to the amount of $11,000 have been for the payment of the bands.
voted.
Santa Barbara. Cal.—Bond Election.—The citizens of
Lancaster, Pa.—Bond Sale—On October 4. 1895, the city Santa Bvrbara will vote October 28 on issuing $60,000 of
o f Lancaster sold $120,000 of 4 per cent judgment bonds to Bireet improvement bonds.
Rudolph Kfeybolte <1 Co., of Cincinnati, fo r $125,400 and ac­
San Luis, Obispn, CUI. —Bonds Authorized.—Water-works
crued interest. The securities are dated October 1. 1895. in­
terest is payable semi-annually at the City Treasurer's office, bonds to the amount of $90,000 and sewer bonds to the amount
and the prirctpal will nmture'October 1, 1925, with an option of $34,500 have recently been authorized.
Sc enectaly, N. Y.—Note Sate —On October 3, 1895, the
of call after October 1, 1915, The loan is exempt from taxa­
city of Schenectady sold $36,872 of 4 per cent street improve­
tion.
The city’s bonded debt, including this issue, is $1,134,958 ; ment notes to the Schenectady Savings Bank at 100.957
sinking fund. $174,158 ; net debt, $660,500. The city has no Four bids in ail were received for the securities as follows ;
Bid.
floating d- ht. The assessed valuation for 1895 is $11,250,000 ; RebeiipetaUy Raving# B ank................................................................ 100-957
estimated actual valuation, $23,000,000; city tax rate (per I»anc W slierrtll. Poiu'hkeepflle............................................ 100 50
$1,000). $9. The population, according to local figures, is Street. Wykes A- Co.. New York............................................. t00'25
8. A Kean Sc (Jo., Chicago .....................................................100 00
40,000.
Sherman. Tex.—Bond Sale —It is reported that this city
Lancaster, Wise—Bond Offering.—Proposals will be re­
ceived until Oct, 23 for the purchase of $24,000 of water­ has sold $81,000 of 0 per cent refunding railroad bonds to
*
works bonds. The securities will be dated Nov. 1, 1895, will Mason, Lewis & Co.
Sleepy Eve Independent School District No. 24, Minn.— 9
bear interest at the rate of 5 per cent, and will become due
part yearly from Feb. 1, 1905, to Feb. 1, 1915, both principal BomJs Authorized—W. W. Smith, Treasurer, reports to the
and interest to be payable at the Importers'<& Traders'Na­ Chronicle that $20,000 of school bonds, recently voted, will
bear interest at the rate of 5 per cent, payable semi-annually,
tional Bank. New York.

THE

674

CHRONICLE,

and will mature at the rate of §2,000 yearly in 1907, 1908 and
1909, and §14,000 in 1910. They will be issued about October
15 and will be sold about November 1. The assessed valuation
of the district is $300,000; actual valuation about §1,000,000.
Sweet Grass County, Montana.—Bond Offering.—Bids will
be received until December 2, 1895, by George F. Hudson,
Clerk of the Board of County Commissioners, for the pur­
chase of §85,000 of 6 per cent 15-20 year bonds.
Syracuse, N. Y.—Bond Sale.—On September 23, 1895, the
city of Syiacuse sold a §120,000 4 per cent registered local
improvement serial loan to Messrs. Wbann & Schlesinger, of
New York, at 101-2. Following is a list of the bids received :
Bin.
Whann & Scklesinger...................................... - ..................1
100-20
do
do
2
100-25
do
do
. . . . . . .... ........... .... ....... . . . ____3
100-30
do
do
-.4
100*35
do
do
5
101do
do
...................... ............. - ....................0
101*20
ID. H. Rollins & Sons..............................................................................101*05
W alter Stanton & Co......... ..................... . . . . ------- --------- 1
100*
do
do
. . . . ............. ........... ...... . . . . _______ 2
100*03
do
do
.. . 3
100*65
do
do
4
100*75
do
do
5
100*80
do
do
6
1 0 0 90
Joseph E. Gavin & Co.......................................................................... 101*12
W. I. Quintard........................................ ............................................. 100*27
Janies W. Lonpstreet & Go......................... . . . ...... ...... ..................... 100*70
tV. J. H ayes & S o n .. ........................... ............................................. 100*575
Lam preclit Bros. Co.............................................................................. 100*476

LOANS.

NEW

$ 65,000
City of
New Brunswick, N. J., Bonds.

West Palm Beach, Fla.—Bonds Authorized.—Improvement
bonds of this town to the amount of $25,000 have been voted.
Zanesville, Ohio—Bids Rejected.—It is reported that 4 per
cent 20-year refunding bonds of this city to the amount of
§204,000, recently offered for sale, have not been disposed of,
all bids having been rejected.
S T A T E AN D C IT Y D E B T C H A N G E S .
We subjoin reports as to municipal debts received since
th e last publication of our S t a t e a n d C i t y S u p p l e m e n t
Some of tin se reports are wholly new and others cover items
of information additional to those given in the S u p p l e m e n t
and of interest to investors.
Hazleton, Pa.—Justus Altmiller, Mayor. Below we give a
statement of the financial condition of the city of Hazleton
on Sept. 24, 1895, which has been taken from a special report
to the C h r o n i c l e from John W. Klinger, City Clerk.
Hazleton is in Luzerne County,
L04NS—
W hen D u e. Sinking fu n d .....................
$7,25 0*
B o r o u g h B on d s—

Net debt. Sept. 2 4 ,1 8 9 5 ..
54,950
T a x valuation, r e a l........ 3,600,603
T ax valuation, personal. 436,965
Cit y B o n d s—
T otal valuation 18 95___ 4 ,0 37,5 68
4s, J&D, $35,000.......Dec. 1, 1923
Assessm ent is ^ actual value.
Subject to call after Dec. 1, 1898 T otal tax (per $ 1 ,0 0 0 )..........$27*00
Interest payable at Treas. office. Population In 1890 w as.. ..1 1,87 2
Total debt Sept. 24 ,189 5..$6 2,20 0 P opu lation 1895 (est.)......... 16,000
4s, J.fcD, $2 7,20 0.......Doc. 1, 1916
Subject to call at any time.

Texas.— Warrant Call.—State Treasurer W . B. Wortham
has issued a call for registered Texas warrants up to and in­
cluding No. 5,000, and amounting to §78,000. The call em­
braces 500 numbers.
Toluca, 111—Bonds Authorized.—Water-works bonds of
this municipality have recently been voted.
V irginia, Minn.—Bond Sale.—On October 1, 1895, the city
of Virginia sold §15,000 of 7 per cent 10-year bonds to W. M.
Stoddard of Minneapolis for §15,525, the money to be paid in
80 days. Two other bids were received, one from C. Living­
ston of St. Paul, offering §15,250, and one from S. A. Kean of
Chicago, offering 2 per cent less than par.

NEW

[V o l . L X I.

Medicine Lodge, Kan.— A s p e c ia l r e p o r t to the C h r o n i c l e
from T. L. Lindley, Mayor, gives the following data concern­
ing the city’s finances on Sept. 20, 1895,
Medicine Lodge is in Barber County.
Bonded debt Sept. 20, ’9 5 .. $50,000 I T ax valuation, p erson a l.. .$21 740
W ater debt (inoluded)....... 25,000 |T ax valuation, railroads
10,561
Floating d ebt....................... 2,716 T otal valuation 1895.
159 948
Total debt Sept. 2 0 ,1 8 9 5 .. 52,716 . Total tux (per $1,000)
86*00
T ax valuation, real............127,647 I Population in 1890 w a s..........1,095
Personal property is assessed on a basis o f 40 per cent, o f actual value
Much of the real estate is assessed above selling price.

LOANS.

N E W LOANS.

$ 7 0 ,0 0 0

CITY OF COHOES, N. Y, M U N IC IP A L

BONDS

DDE 1920.

Proposals w ill be received by tlie Finance
Comm ittee and City Treasurer at tlie office o f
the City Treasurer, Library Building, George
Street, corner o f Paterson Street, New Bruns­
w ick, N. J., until one o’clock.
T u e s d a y , O c t o b e r 15t1>, 1 8 9 5 .

4 Per Cent City Hall Bonds.

Legal Investment fo r New York and New
England Savings Banks.

F or the purchase in whole or in part o f $65,000
o f the bonds o f the city o f New Brunswick,
N. J. These bonds will be Issued to refund
Price and p a r tic u la rs on a p p lic a tio n .
m aturing bonds. Interest payable May 1st
and Novem ber 1st at the Treasurer’s office.
The bonds will be payable November 1st, 1920,
and w ill bear interest sit a rate to be fixed ac­
cording to the bids, and will be delivered on
N ovem ber 1st, when the price bid m ust be paid
by the successful bidders.
B A N K E R S AND B R O K E R S,
Proposals should be sealed and addressed
to the City Treasurer, and m ark ed “ Pro­
posals for Bonds,” and should state the price
8 4 Broadway, New York.
and the rate o f interest at which the bidder
proposes to take the bonds, and must be ac­
com panied by a certified check for 5 per cent
o f their amount.
It is proposed to issue engraved coupo n bonds
o f $1,000 each. Bonds m ay he registered.
The bonds are authorized by au act o f the
Legislature approved February 18tli, 1879,
and by resolution o f Common Council Septem­
4 PER C E N T GOLD BONDS.
ber 27th, 1895, and are free from municipal,
F R E E FR O M TAX.
county or State tax in New Jersey.
The right to reject any or all bids is reserved.
Legal
investment
for savings banks and trustees
F or further particulars address J a m e s N k il SON, Treasurer o f th e City o f New Brunswick, in all New England States and Pennsylvania.
Price
and
particulars
on application.
N. J.

Frederic Taylor & Co.,

$ 1 4 0 ,0 0 0

C I T Y of ALTOONA,Pa.

L a s t y e a r $ 1 0 0 ,0 0 0 of re n e w n l bonds
w e re offered for sa le and bids for a m illion
w e re rece iv ed .
T lie lo w e st bidders w e re local in v e sto rs,
in clud ing the N ew B r u n sw ic k S a v in g s In ­
stitu tio n .

3 B r o a d S tr e e t, N ew Y o r k .

New Municipal Loans

4 Per Cent Water Bonds.
Average maturity about, 20 years.
Legal fo r New York Savings Hanks.
^ P B I C E AND PARTICU LARS ON APPLICATION.

- W ha n n & Schlesinger,
BAN KERS,
2 W ALL

STREET,

NEW Y O R K .

P A R T IC U L A R S

UPON

A P P L IC A T IO N .

MBMBER8 OP TH E NEW YORK AND BOSTON
8TOCK EXCHANGES.
DEALERS IN COMMERCIAL PAPHB.

Blake Brothers & Co.,
‘A S S T A T E
9

N ASSAU

STREET.
S T ..

BOSTON.

NEW

YORK.

Investment Bonds
FOE

E. D. SHEPARD & CO.,

$ 4 0 0 ,0 0 0

City of Alleghany, Pa.,

FOR INVESTMENT.

A v e r a g e M a tu r ity O ver 261$ Y e a r s .

New York Savings Banks
and Trustees.
L IS T

SENT

UPON

A P P L IC A T IO N .

MEMBERS OF BOSTON AND N EW YORK

8100.000 Tacoma, Wash..................... 5s
100.000 San Antonio, Tex................Os
70.000 Town of Cortlanilville, N. Y. 4s
100.000 City of Paterson, N. J __ 4J^s
F u ll p a rtic u la rs of the a b o v e and lint ol
oth er bonds offered on ap p lication .

Farson, Leach & Co.,
C H IC A G O .

St W A L L S T ., N . Y .

STOCK EXCHANGE.

R. L. D A Y & CO.,
40 W A T E R STREET, BOSTON.
______ 7 NASSAU STREET, NEW YORK.

B

enw ell

&

E

v e r it t ,

S clierm erk orn B uilding:,

<j W A L L S T .

MUNICIPAL ISSUES IN TH E STATES OF

NEW YORK & NEW JERSEY
A SPECIALTY*.

THE

O c t o b e r 12, 1895.]

675

C H R O N IC LE

Newport, N. H,—E. C. Hitchcock, Town Clerk. Below is
a statement of the indebtedness, etc., of the town of Newport
on February 15, 1895.
Newport is in Sullivan County.
B om b'd debt Feb. 1 5 ,’95.$142,500 |T ax valuation 1804— 81,401,060
Floating d eb t....................
13,556 Total tax (per $1 ,000 )..
19-00
Total debt Feb. 1 5 .1 8 9 5 . 156.036 I P opulation in 1890 w as.........2.623

A SSE SSE D V A L U A T IO N ,—The city ’s assessed valuation and tax
rate have been as follow s in the years n a m ed :
Real
Personal
Merchants,
* City Tax
Tear.
Estate.
Property.
Banks, etc.
Total
p e r * 1,000.
1 3 9 4 ..
..$44,083,430 $14,883,600
$58,967,030 $11-50
1 8 9 3 ..
.. 42,072,620 10,118.320 $9,309,830
61,500,770
12-00
1 3 9 2 ..
.. 43,013,730 21,779,243
04,702,975
14-00
18 90..
.. 61,010,327 13,155,900
8,319,330 82.485,557
12-50
1 8 8 9 ..
.. 46,886,320 20,155.460
67,041,780
11-00
1 8 8 8 ..
.. 44,961.120 9,056.470
7.832,180 61,849.770
11-00
1 8 8 5 ..
.. 24,027.440 5,040,560
2.610.520 31,678.520
15-00
1 8 8 0 ..
.. 9.389.360 2.304.580
1,634,810 13.378.950
2200
* This is the city tax proper. Real e-date is assessed at 40 per cent
o f its actual value.

Kansas City, Mo.—Webster Davis, Mayor.
This state­
ment has been corrected to April la, 1895, by means of the
semi-annual report of John F. Shannon, City Comptroller.
POPULATION. -In 1890 the population was 119.668; in 1880 it
Since the above date 851,000 of renewal bonds due June 1,
1895, and 850,000 of floating and §92,500 of funding bonds due was 55 .7S 5; in 1870 it was 32.260.
KANSAS CITY SCHOOL DISTRICT.—R. L‘ Yeager, Presi­
August 15, 1895, have been retired, and §3,000,000 of waterdent of Board of Education. This distrie is a distinct and
worts bonds have been issued.
separate corporation, e m b r a c in g a ll the te r r it o r y within the
Kansas City is situated in Jackson County.
city limits and some on the o u ts id e , a n d h t v i o g no connection
Rksewh .—(Cont.)—
C l T V H NUS I , A M . F e w e r —
I 8s. J&D, $ 6 0 ,0 0 0 .... Dee. 15, 1896
whatever with the c it y or c o u n t y g o v e r n -n e its.
4s, A AO, $ 1 5 0 ,0 0 0 .... Apr. 1 .1 9 1 0 ] 8s, JJcJ, 40,000 ....... Jan. 1 .1 897
When. Due.
LOANS—
IIViea Due.
LOANS4«, J.vJ. 1 5 0 ,0 0 0 ....July 1. 1910 i 8s, F & A , 7 0 ,0 0 0 .... Aug. 15, 1897
B u il m n o B o nus —

7s. MAN, 4 0 ,0 0 0 .... Nov. 1, 1898
K a n s a s A N e o s h o K it .—
7s. JAJ. $161,000 .. .Jan. 1,1897 j 6s. JA-J. 50,000........Jan. 1,1901
Se

R K S E W A t—

w e r

B on u s—

8*. MAN. $20,000. . .May 1,1896 1 •Is........... $100,000____Apr. 1.1910
8», JAI>, 60.000.......Dec. 1. 1896 I 4 * . ......., 10 0,0 0 0 ... July 1,1 910

INTEREST on tie- bonds is payable by Messrs. K o u n tie Brothers,
New York.

TOTAL DEBT, SINKING FUNDS, E t c - The subjoined state­
ment shows the ctty’ -i total m unicipal debt and the sinking fund held
by the city against the same at the dates Indicated.
Apr. 1 5 /9 5 . Apr. 16,'94. Jon . 1 ,'9 3 . A pr. 1,'92.
T ota l bonded debt . $1,193,500 $1,193,500 $1,426,500 $1,439,500
Sinking Muds............
343.451
276.852
450.000
415,000
Net d ebt.................

$850,1(40

$916,647

$069,900 $1,024,500

The assets o f the sinking fund n April 15. 1895, consisted o f the
fo llo w in g : School district bonds No. 7, $175,000; Blue township bonds;
$19,000: Jackson County Court H ouse bouds, $30,000; c a s h . $119,151,
total, $343,451.

N E W LOANS

M U N IC IP A L

NEW

BONDS.

B

ond s—

( C o n t .) —

County has no bonded debt.
I T ax valuation, personal. $373,198
Floating debt July 1,'93. $27,176 I Total valuation 1894 .1,955,848
T axvalu a tlou .ro.il
... 1,fi82.«r>tt I ropu taliou in 1890 w a s.. ...4 ,6 2 4

C H I C A G O . _______

LOANS.

BONDS.

Loeb

&

Gatzert,

MORTGAGE HANKERS,

F o r l n v e a t o r a , T r u s t F o n d a a n d S a v in a *
H anks.
r o u SA.LC BY

BANKER*,

en ew al

Kitsap County, Wash.—This statement regarding the
finances of Kitsap County on July 1, 1895, has been taken
from the reported Joseph Pitt, Couuty Auditor,
County seat is Port Madison.

Municipal, County and State Bonds

E. C. Stan wood Sc Co.,

R

5a........... , $60,000 - ..J u ly 1, 1905 8 s , .......... $7,000......... ran. 1 ,1 897
4 s , ........ . 75,<>oo . ..J u ly 1, 190(1 6s............. 35,000. ..J u ly 1 ,1 9 0 0
4 s , ......... , 100.000 . ..J u ly 1, 1007 5s.............. 30,000...... July 1 .1 901
4 s , ........ , 200.000.. ..J u ly 1. 1900 Total debt June, 1 8 9 4 ..$1,031,500
4 s , ........ , 150,000-. ..J u ly 1. 1910 Tax valuation 1893 ...6 0,00 0,00 0
4s,
, 10 0,00 0.. ..J u ly 1, 1912 Assessment about 2-5 actual value,
4s, J&J, 200,000 . . Ju ly a, 1911 stale ACo. tax .p e r $1,000).$11-50
R en ew al Bonus—
City tux (per$1,000).......... 12-00
8s............ $ 1 2 ,0 0 0 .... July 1, i'l'O |Population 1891 (est.).......150,000
IN T E R E S T Is payable by Messrs. Kount/.e Brothers, New York.
D IST R IC T P R O P E R T Y —Thu value of property ow ned by tile d is ­
trict (unencumbered) is $1,500,000.

Rudolph Kleybolte & Co.,
121 Devonshire Street,

IIS V E STM E N T H A N K K it* .

BOSTON,

O r w c r ip t l vp L is t s M a ile d o n A p p l l e n t ! on

C I N C I N N A T I , O.

125 L A S A L L E S T R E E T *

C H IC A G O

First Mortsmres for sale In large and small amounts
netting Inre* tor* 6. &Mi and (J per cont, secured by
Improved and income-bearing Chicago city property.
P rincip al and Interest p ay ab le In G old .

GOBRBBPONDBNCB 0OLI 1TRD.
K. O. BLAUQHTKIL Member N. V. Stock Kxohan«e
WM. V. HAKKIL Member Chicago Stock Kxohange

O. Slaughter & Co.,
B A N K RHS,
I 1 3 - 1 1 T I .A H A L L E S T R E E T ,

M H T s R E ST C FOS A P P L IC A T IO N .

M U N IC IP A L

BONDS

W. N . Coler & Co.,
BANKERS.

f«*entl f o r In v e stm r n i o f

SAVINGS BANKS AND TRUSTEES.

M U N IC IPA L BONDS.

D c««rip titrr

N. W. HARRIS & CO.,
BANKERS.
IS W A L L R TR K E T,

-

SEW YO R K .

34 NASSAU STREET

BONDS,
PAIING HIGH RATES of INTEREST

BONDS.

W t make a specialty of Hlffh-Class Securities
suitable for permanent Investment.
Deecrlptlve Hat on application.

Street, Wykes & Co.,
44 W A L L STRE E T.

10 Wall street. New York.

GEORGIA MORTGAGE LOANS.
SOUTHERN LOAN AND TRUBT COMPANY o f
MACON, OA.

W. J. Hayes & Sons,

/ . 8. 8CHOFIBLD, Pres.
H. M. SMITH, Sec.
V . O. SCHOFIELD, Treasurer.

RANKERS,

Dealer* in M U N I C I P A L B O N D S ,

10

BOSTON. MA8R,
( ItT flu arf, O k ie,
change Place.
3 1 1 -3 1 3 S e p e r le r St
GtUe AMrnt, KgSU B TU .-

T bit company makes a specialty o f handling a lira
tted amount of the best nvy year mortyase loans
afforded by this community. Dolntr only a small
business In this line, we can select the beat. Loam
secured by business property net the Investor six
per cent, residenoe, seven per cent. Principal an'
Interest payable at tne Merchants’ Exchange Ns
tlonai Bank, New . or
Correspondence solicited.

AH (M il 4 4 of
TO 6%

•I T Y , M A S O N , L E W I S St C O . B anker*
COUNTY
171 LA SALLE STREET,
C H O O L 8RND F O K LUITB.
CHICAGO

A. G. Becker & Co.,
O K O O aPO B A TkD )

C O M M E R C IA L PAPER
154 La Salle S t, Chicago, 111.

Jamieson & C o.r
STO C K S— BONDS,

SPRAIN, DICKINSON ic 10., Banker?, Members

SEW Y O R K .

*nd ’ltb*r Mah

BONDS YI™ £

High-Grade
C I T Y ', C O U N T Y A N D S T A T U

M U N IC IP A L

C H IC A G O , IL L S .
C hicago Hccuririeo Bought and Hold.

N ew

York and Chicago Stook Bxol anges

I NT D E A R BORN S T R E E T ,
ChlcRKO, IIIbo
Private wire to New York end Philadelphia.

I. B. Thurman & Co.,
BANKERS,
8 2 3 M 0 3 V A D N 0 C K , C H IO A IS O , I L L .

Highest- Grade Municipal and Railway
Bonds Bought and Sold.

THE

676

CHRONICLE

Superior. Wis.—F. A. Woodard. Mayor. This statement
regarding the indebtedness, etc., of the city of Superior has
been corrected to September 1, 1895, by means of a report to
the C h r o n i c l e from H. E. Ticknor, Comptroller.
This city was formed by the consolidation of the village of
Superior and West Superior. I ; is situated in Do uglas County.
LOANS—

When Due.

H a r b o r I m p r o v e m e n t s — (Con.)

fV o L . LXI,

------------------- 188essf(l V aluation.------------------- * TaxrateReal.
Personal
Total, per $ 1 ,000
1895..........................................
................
$1 5,656,606
1894..................... $18,384,044
$1,295,058
19,679,102 $20-70
1893.................... 21,533.465
919,952
22,453,417
27*40
1892................... 24,494,684
1,373,117
25,867,801
2500
1891.................... 24,328,650
1,020,750
25,349,400
1890.................... 22,794,915
687,560
23,482,475
2000

POPULATION in 1895 according to State census was 2 6 ,1 7 6 ; in
1890 according to U. S. Census it was 11,983.

6s, J&D, $50,750.............1895-1904

Thurston County, Wash.—George Gelbach, Treasurer. The
following statement has been corrected to July 1, 1895, by
($ 6 5 1 6 due yearly on June 1.)
Subject to call after Apr. 21 ,189 8 6s, J&D, $3,700.............. 1895-1904 means of the City Auditor’s annual report.
($370 due yearly on Dec. 1.)
F i r e P r o t e c t io n B o n d s —
County seat is Olympia.
STREET IM PROVEMENT—
6s, F&A, $20,000___Aug. 1, 1910
6s, J& J. $ 6 ,0 0 0 .... Dec. 1. 1896
LOANS—
When Due. Bonded debt July 1 /9 5 . $225,000
8c h o o l B o n d s B r id g e B o n d s —

6s, F&A, $50,000-----Aug. 1, 1910
V i l l a g e H a l l B o nd s—
6s, A&O, $25,000. ...A p r .21, 1908

58, J&J, $166,000.......Jau. 2, 1912
5s, J&J, $45,000.........July 2, 1912
6r. var., 10,500 Feb. ,’ 96 to ’98
S e w e r B o nd s—

6s, F & A ,$200.000.. . . Aug. 1,
6s, F&A, 150,000---- Aug. 1,
6s, M&N, 50.000 ...N o v . 1.

1910
1911
1911
Special Assessment L oans—

(Part due yearly on Dec. 1.)

6s. J& D , $ 6 5 1 -6 0 ........... 189 6 -1 90 5

Subject to call at any time.

C o e r t H o u se B o n d s —

6s, J&J, $309,073...... Tuly 1, 1897 6-04s............ $30,000.. No v. 1, 1911
Subject to call at any time.
Subject to call after 1901.
6s, J&J, $353,221...... Tan. 2, 1898 6s, ........ , $20,000.. Sept. 1, 1912
Subject to call after Jan. 2, 1896
Os. M&S, $17.03 2.......Sept. 1, 1896
4,334... .Jan. 1. 1896-7
(is, J&D, 7 6 ,153........ Tune 1, 1897

6s, J&J,

H \RBOR Tm PROVKSIENTS—

S e w e r I m p r o v e m e n t B o n d s—

($1,038-89 due yearly .Time 1.)

Subject to call after Jan. 2, 1896

6s, J a D, #61,119 ...........1896-1902 6s, J&J, $ 1 5 8 ,4 9 3 ....July 1, 1897
Subject to call at any time.
($8,731-31 due yearly.Tune 1.)
6s. J&D, $8,311..............1896-1903 6s, J&J, $20,381........ Jan. 2, 1898
INTEREST on V illage Hall bonds is payable in New York at the
National Park B an k; on harbor im provem ent bonds, due part yearly
from 1895 to 1904 and from 1896 to 1905 at the National B ank o f
North A m erica in New Y ork C ity ; on school bonds, due 1896 to 1898,
partly in New Y ork at the National Park Bank and p artly in
Superior. All other interest is payable in New Y ork at National Bank
o f the Republic.

Subject to call after 1902.
5s, April, $100,000 ...A p r . 1. 1911
Subject to call after 1901.
F un din g B o n d s —

6s, M&N, $75,000........May

1, 1909
Subject to call after M ay 1, 1904
Interest payable in N. Y. City and
Olympia.

Floating d ebt.................
128,450
Total debt Ju ly 1, ’ 9 5 ..
353,450
Cash on hand..................
7,963
Not debt Ju ly 1. 1895..
345,487
Sch. dbt. Mar.*95 (add’ l)
112,200
T ax valuation, r e a l___ 5,383,862
T ax v alu a t’ n, personal.
624,604
Total valuation, railr’ds
355,709
Total valuation 1 8 9 4 ... 6.364,175
T ax valuation
of actual value.
Population in 1890 w as___ 9,675
Population in 1895 (est.). .. 12,000

Winfield, Kaus.—John H. Tomlin, Mayor. Below is a
statement of the indebtedness, etc., of Winfield, which has
been furnished to us by E. S. Bedilion, City Clerk.
Winfield is in Cowley County.
LOANS—
When Due. 6s, Nov., $ 1 7 .0 0 0 ....Nov. 8, 1916

6s. J&D, 20,000 ...M a y 19, 1917
Interest payable in New York.
Bonded d ebt Sept. 20. ’ 95. $97,500
City has no floating debt.
TOTAL DEBT. E t c .— The total general bonded debt on 3ept. 1
T ax valuation, rea l______ 697,693
1895, was $716,500. On the same date there w ere outstanding special
T ax valuation, personal.. .179,155
street im provement bonds to the am ount o f $921,199, special sewer
T ax valuation, railroads .. 7 i,02 4
Total valuation 1 8 9 5 .........950,78 2
im provem ent bonds for $178,874 and special harbor im provem ent
Total ta x (per $ 1 ,0 0 0 )........ 56-50
bonds for $124,532.
Population in 1890 w a s .........5,184
ASSESSED V A L U A T IO N .—The c ity ’s assessed valuation (about %
Real estate is assessed at 1-5 its actual value and p ersonal p rop erty
of actual value) and tax rate have been as follow s in the years n a m ed : at % its actual value.

FINA N C IA L,
H O L M E S & CO.,
6 1 B r o a d w a y , N ew Y o r k .
MEMBERS OF TH E N. Y. STOCK EXCHANGE*
Receive Accounts and Deposits o f Firms, Indi­
viduals, etc., and allow interest on daily balances.
Buy and sell for cash or carry on margin at lowest
rates o f interest on the New York, Philadelphia,
Boston and Chicago Stock Exchanges, Stocks, Bonds,
Grain, Cotton, etc.

B r id g e B o n d s -

68, F&A, $13,000.......Mar. 8, 1916
B u il d in g B o n d s —
6s, M&S, $1 0,00 0.... Mar. 15. 1906
C o l l e g e F u n d in g B o n d s —
6s, J&J, $6,500.........Jan. 15, 1898
P a r k B o n d s—
6s, M&N, $ 1 1 ,0 0 0 ...Sept. 15, 1911
R a il r o a d B o n d s 68, M&S, $20,000.......Sept. 1, 1915

Publication by m e BAN K OF M AN H ATTAN
COMPANY, New York, o f the moneys remaining
unclaimed in accordance with Section 28, Article
I, Chapter 689, o f the Banking Laws o f 1892.
State o f New York.
Sept. 24,1881. J. L. Davis & Son, 184 South
?50 00
Street...................................................
. Aug. 21.1890. Estate o f Catharine B. Fish..
70f9
| Jan. 18, 18/9, G. S. GreemTrenton, N. J —
62 63
April 25,1888. Estate o f William Hutchin­
NO
son, unknown..................................... 1,771 08
July 10,1*75. J. O’Neill, 229 Broadway........
>-3 55
Feb., 1889. H. G. Stettins & Son, N. Y .........
358 37
Sept. 1. 1871. C. H. Smith, Clarkville, Tenn.
86 66
Aug. 7, 1890. F. W. Stark, unknown.............. 180 00

M O RTG A G E LO A N S

U n cla im ed D iv id en d s.

BRANCH OFFICE: HOFFMAN HOUSE.

M IS C E LLA N E O U S .

M IS C E LLA N E O U S .

58 dividends. Margaret Jenkins, unknown.
83
“
Thomas Keei'e,
“
99
“
Henry Moss,
“
113
“
Johanna Murphy,
“

248 00
36350
3,52400
24849

: in

TEX A S.
Interent 7 P e r C ent N et.
COMMISSIONS charged borrower or lender
until loans have proven good.

F R A N C IS

S M IT H

&

C C ,.

S A N A N T O N IO . T E X A S .

Fred. M. Smith,

U n cla im ed I n t e r est N e w Y o r k S ta te S tock —
70 SOUTH STREET,
1843. Alfred Smith, unknown....................... $ 175 00
1852. J. S. DeBeaulieu,
63 00
A
U
B
URN, NEW YORK.
1855. J. H. Cameron and M. S........................
Masters, in trust fo r ........................
Makes specialty o f Bank Stocks, Municipal and
BANKERS,
62 50
S. G. Lewison,
“
........................
GO00 Water Bonds aud furnishes Solicited Information
18 W A L L S T R E E T , N E W
Y O R K . 1865. J. Howard March, U. S.........................
1870. Thomas M. Taylor, U. S..
75 00
State
o
f
New
York,
(
E M ta .b ll.lie d 1 8 6 5 .
City and County o f New York, f oa*
J.
T. Baldwin, Cashier o f the Manhattan Company
MEMBERS OF NEW ; YORK STOCK EXCHANGE.
o f New York, being duly sworn, says the foregoing
Allow Interest on deposits subject to sight cheek. is in all respects a true statement to the best o f
Bny and sell on commission stocks and bonds either his knowledge and belief.
for cash or on margin, and deal in
J. T. B ALD W IN , Cashier.
Sworn to before me
Inrertment Securities.
this 8th day o f Aug., 1895.
A. M. K id d e r .
Ch a s . D. Ma r v i n ,
(Seal, j
W .S . J ohnson ,
IN T H E C I T Y O F N E W Y O K K .
H. J. MOR8E.____________
W . M. KIDDBR.
Notary Public. N. Y. Co.
ThiB old and^reliable Company now has the exper­
ience o f forty-five years o f practical L ife Insurance,
NITED STATES CIRCUIT COURT. FOR TH E which has taught it that the sin e q u a n o n o f success
Southern District o f New York.—Benjamin M. Is the adoption o f good plans o f insurance, aud the
Fowler,
J.
G.
Zachry,
Elizabeth
Garnett
and
Henry
pursuit o f a liberal policy towards noth Its Insured
N o. 8 B R O A D S T R E E T , N E W Y O R K .
P. Morgan ithe two last named being intervenors;, and its Agents. Those essentials it possesses in an
oomplainants, against The Jarvis-Conklin Mortgage eminent degree, but judiciously tempered by that
STOCKS AND BONDS.
Trust Company, defendant.
conservatism which is the best possible safeguard or
Whereas, I have been appointed by order duly the policy-holder. Its contracts are incontestable
MARGIN ACCOUNTS SOLICITED.
made and entered in this cause as Special Master to after two years. They are non-forfeiting, providing
take proofs o f the indebtedness o f the defendant, generally for either paid-up policy or extended in­
INTEREST ALLOW ED ON BALANCES.
the Jarvis-Conklin Mortgage Trust Company, notice surance, at the option o f the policy holder. It gives
Market Letter on Application.
Correspondence is hereby given pursuant to such order that any and ten days o f grace in payment o f all premiums. Its
all persons having claims against the said company course during the past forty-five years abundantly
Invited. Established 1868.
are invited to appear before me, at my office. No. 29
All classes o f UnllBted Securities and Traction Nassau Street,, in the City o f New York, on the 12th, demonstrates its absolute security.
14th and 16th days o f November, 1895, at eleven Active and successful Agents, wishing to rep­
8tocks Bought and 8old.
o ’clock in the forenoon, to make proof o f their
resent this Company, m ay communicate
claims.
with the President at the Hom e Office,
Where claims are presented by any persons or cor­
porations claiming to act as agents, attorneys or as­
2 6 1 Broadway, New York,
signees o f debenture holders, guaranteed mortgage
BANKERS.
holders or other creditors, they will be required to
OFFICERS
NULLS* B U I L D I N G ,
N E W Y O K K , exhibit to me or file with me satisfactory evidence
G E O R G E H . B U R F O R D .................P resideni
in wfiting o f their authority to act in the premises.
S O L IC IT O R D E R S IN
Claimants who do not appear either in person or C. P. FR ALK IGH .............................................Secretary
Stock**. C otton. G ra in and P ro v isio n *.
by agent or attorney may submit a statement o f A. W H E E L W R IG H T................. Assistant Secretary
Branch O ffices:
their claim in writing, duly verified by affidavit, and W M. T. ST AN D KN............................................ Actuary
277 Broadway, (Comer Chambers Street.)
containing the name and address o f the claimant ARTH U R C. P E R R Y ..........................................Cashlei
621 Broadway, (Cable Building, cor. Houston.)
and a description o f the character o f his claim. JOHN P. MUNN................ ............. Medical Director
753 Fifth Ave., cor. 58th St. (under Plaza Bank.) Wherever the nature o f the claim admitst the proof
FINANCE COMMITTEE:
„
t
DEPOSITS RECEIVED 3* INTEREST ALLOW ED. , o f claim must also set forth the amount o f principal GEO. G. W ILLIAM S.............. Pres. Chem. Nat. Bank
and interest, separately stated, which was due there­ JOHN J. TUCKER.......................................
Buildei
on at the date o f the appointment o f the receivers, K. H . PERKINS, J r ,, Pres. Imp. A Traders’ Nat. B’>
M U N IC IP A L AND R A IL R O A D
namely, the 28th day o f September, 1893. Such JAMES K. PLUM.............................................. Leathe
proofs may bo submitted at any time up to and in­
cluding the date o f the last hearing, namely, the 16th
And a ll L ocal S e c u ritie s B o u gh t aud S old . day o f November, 1895.
Dated New York, September 28,1895.
(Signed!
CHARLES STEELE,
N E W Y O R K , B R O O K L Y N A N D JER
__
_________ Special Master.

1850.

1805.

The United States Life
Insurance Co.

Fred. H . Smith,

CLAPP

&

U

COMPANY

BONDS

A. E. Hachfield,

SEY C I T Y B O N D S A S P E C I A L T Y .

W. E. R. S M IT H ,
16 BROAD STREET,

-

NEW YO R K

W AR
R A N TS LNGTON35 S T A T E
COUNTY, CITY AND SCHOOL.

J N O . P . D O R R & G O ., S e a t t le , W a s h .

IN V E S T M E N T

S E C U R ITIES .

4 5 E x c h a n g e P l a c e , N e W iY o r K .