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HUNT’S
MERCHANTS’
gi
3 tfrefclt$
MAGAZINE,
§UuHspapn,
REPRESENTING T E E IN D U STR IA L AND COMMERCIAL IN TERESTS OP TH E U N ITED STA TE S,
I E n c o re d a c c o r d in g t o A o t o f C o n c r e t e , to th e y e a r 1 8 9 5 , b y the Wil lia m B . D a n a C o m p a h t , In th e otfloe o f th e L ib r a r ia n o f C e n t r e s * ,]
SATURDAY, OCTOBER 19, 1895.
VOL. 61.
% h t C h ro n ic le .
Clearing* at—
Terms of .Subscription—Payable In Advance:
F o r S ix M o u th * ..................................................... ...........................
6 00
E u r o p e a n S u b s c r ip tio n (lu e ln d ln if p o s t a g e ) ........................ 1 2 00
E u r o p e a n S u b s c r ip tio n S ix M o n th * (In c lu d in g p o s t a g e ) .
7 00
A n n u a l S u b s c r ip tio n in L o n d o n (In c lu d in g p o » ta g e )__ C 2 10 *.
S ix M o *.
do.
do.
do.
-----J£1 lO e.
The ( * v kstor*' SCPPLKMKwr w ill b e farts Is hod icl/Ao«( e rlm charge
to e v e r , a n n u a l lo b e c r t b e r o f th e C o w k k x c i a l a m o F i v a v c i a l
CHROStlCLB.
i h e S t a t s a x d O m r S o p c l b m b s t w ill a U o b e fu r n is h e d w ithout
m t m charge to o v e r r a a b e e r ib e r o f th e OmtOMICL*.
Tlie STSKKT B a i u t a t eppPl.K«K«T sell! likew ise be furnished w ith ■
o u t extra eharae to e v e r y s o b s e rttw r * f th e C i n o n d U .
The (jc o r s T io * S c re w ! smssT. i*med r a o n t h lr . trill *l*o be fu r n is h e d
without extra charge to every •nbeeriber o f the CaxoxiCLX.
F ile e o r e r a a r e s o ld a t 5 0 c e n t* e a c h : p o s ta g e o n (h e s a m e t* 1 8
ee n ta . F ile coy er fo r s u p p le m e n t* c a n b e h a d a t oOtae fo r 6 5 ce n t* o r
m ailed fo r 80 cent*.
Terras of Advertising—{ Per Inch space).
O n e t i m e .................................
*35 0
I
T h r e e M o n th *
O n e M o n th
(4 tim e * ) .. 1 1 00 S ix M o n th *
(26
“
) . . 1 3 00
T w o M o n tb *
(8
** » . 1 8 0 0 1T w elve Month* (52 '*
58 00
(T h e a b o v e term* f o r o n e m onth and upward are tor standing cards.)
London Agents:
Messrs. E d » u m A S m ith , 1 D rapers' h ard en*, E. C „ srlll take subs o d p tlo n * and advertisem ent*, and supply stogie e o p le a o f the paper
at 1*. each
W l t t l i n H. D A N A r o n P A N V . P u b l i s h e r s ,
P i n e S tre e t, C o rn e r o f P e a r l S tre e t,
n k w
vorm
York.
Philadelphia*
Pittsburg.
Baltimore.
Buffalo........
W&shlngtou
Rochester...
Syracuse........ .
Wilmington,
Scranum----Bmgbamton
Total Middle,
S&vr
For O n e Y ea r ................................................. ..................................... * 1 0 00
Post O m c * B ox 958.
NO. ] ,582.
Boston.,.............
Providence.
H artford___
New Haven.
Hpringfl
Worcester...... « . . .
la n d ..,--..—
F* 11 River.
L ow ell........... .
New B ed ford .-,...
Total Now Sng..
( 1 3 tim e * ) . .* 2 5 00
Chicago...... ...........
Cincinnati....... .
Milwaukee............
Detroit............... .
Cleveland..............
C olom bo*. . . . . . . . .
Peoria................. ...
Indianapolis . . . . . .
( fraud Rapid*......
Lexington. .. ... ... .
s-aginaw..................
Bay City...............
A k r o n . ... ... ... ... ..
■M+tnartleia, O h io...
Canton,.. . ... ......
R ockford..
KAIamatoo,
Toledo*..........
Tot. Mid. W eai’n
C L E A R IN G HOUSE RETU R N S.
The following table, made up by telegraph, etc., indicates), n __
that the total bank clearings of all the clearing houses of the 'p*rt5Kl2^?“ r
United State* for the week ending to-dny, October lb , h a v e s»’.i i.*»® citf,’ “
been «1,155,639,406. against *1,140,514,880 last week and fMO,- 1Tacom a......
..........
L*>« Angele*
825,104 the corresponding week of last rear.
llv Iona
Mjvofcane
si..a* Fall*.
m « k Mwttm October 1».
CLSSKtXOS.
Return*
lehgntpK.
1895.
1894.
Percent.
Kanro.
Total P a d He...,
H ew Y o r k . . . , . . . , . .......... .
B o s to n ....... ...... .............
P h ilad elp h ia................ ......... . . .
B a ltim o r e ....... ..........................
C h ic a g o .. . . . . ...........................
B{. Lorn* ..................................
H ew O r ie a n e .____ ____
*527.869.416
8 1.140,777
7t.8 0 2.55l
13,670.7*18
82.213,323
2 4 .U 4 .8 16
12.20*1.812
•4*18,81'8,800
60,936,702
55.250.267
11,134.742
76,09 a. 540
20 ,170.211
7,706.288
+29 l
+ 760
+300
+219
+ 6*0
t-19 0
+58-4
9*»«n ern es. 5 d a y s ___
O th er citie s, 5 d a y * ................
*812,918.403
148.704.262
*549.’ « .5 6 0
143.361,279
+25*2
+ 45
T o tal a ll cl tie#. 5 d a y s ... .
A ll elite*. 1 «!ay. . . . . . . . . . . . . . .
f9«L622.US>
194.016,741
•791,552.829
149,072,27.'
f 21*5
+.301
St. Loti I s ........... .
T o ta l a ll ettlas fo r s a t . .
*1.155.639,406
*940.675.104
+22*9
Louisvl Ho.............. .
K a n su City,
Minneapolis
O m a h a . . .. ____. . . . .
St. Paul.................
Denver................
St. Joseph. ........
8 0 .nx City.............
Ties Moines
Lincoln___
W ich ita....
T o p e k a .... „
_
I- re m o n t...............
H astings....
Daren p ort*,...
T ot. other YTett.
N ew O r le a n * .............
Galveston...............
H ouston.....
Richmond
Savannah..
Memphis.
Atlanta...
The full details of clearings for the week covered by the
above statement will be given nftxt Saturday, We cannot, of
cotime, furnish th^rn to-day, bank clearings beins? made up by
the various clearing houses at noon on .Saturday, and hence in N a s h v il l e ,
the above the last twenty-four hours of the w e e k have to be Dallas.
Norfolk.
in all cases estimated, as we go to press Friday night.
W a c o ........
Our usual detailed figures for the previous week, covering Fort Worth.
Birmlnaham
the returns for the period ending with Saturday noon, Octo Jacksonville,
ber 12, are given below, and we also present the results for the Cbattanoosra.
A iiw u n ta .
corresponding week in 1894. 1893 and 1892. I5 comparison Little Rock*
with the preceding week there is a decrease in the aggregate
Total Southern..
exchanges of nearly eighty-five million dollars, and at New Total all
*
*i°ne the loss is almost fifty-six millions. Contrasted
with the week of 1891 the total for the whole country shows Outside *N. York.
an increa-e of *4'5 per cent. Compared with the we k of 1893
the current return* record an excess of 28*2 tier cent and the TMontreal.,.,.,,,,...
oronto...................
loss from 1^92 is 41 per cent. Outside of N e w York the gaiD H a lifa x .................
innipeg...........
over 1*94 is 14-8 per cent. The excess over 1893 reaches 23'9 W
Hamilton..........
per cent, hut malting comparison with 1892 the decrease ia T o t a l C a n a d a . . . . . gg.gPl.ia.-s
seen to be 8'5 per cent.
* Not included in totals.
i.» « L h A T
THE
678
THE
F IN A N C IA L
CHRONICLE.
SIT U A TIO N .
The prominent feature of the week has been the
cotton speculation. It has at length assumed propor
tions not attained in any previous recent year. So far
as a rising market finds its support in the facts which
go to make up the situation of the crop the movement
is of course healthful and no one could wish to inter
fere with its progress until the consumption of the
raw material had thereby been made to conform to the
narrower limits of supply. But though a rising mar
ket for cotton was assured this year the speculative
view as to supply is, we are convinced, wrong on this
occasion in one important particular. It is based
upon
a crop
not to exceed
and possibly
less than 6£ million bales. We have taken
pains this week to inform ourselves with reference to
the extent of the yield. The result of this examination
appears to be that the out-turn cannot in any event fall
below 7 million bales and with fairly favoraole future
conditions there is reason to believe it will exceed that
figure. A crop equalling the last one has not been ex
pected from the start. In the first place the planting,
as we showed in our acreage report last June,
was smaller by a little over 11£ per cent,
while the seed after being put into the ground
germinated slowly and poorly.
Growth since
then his encountered various set-backs through
the summer and through the autumn. The previous
season, on the contrary, was favored with nearly fault
less conditions throughout, and hence that crop was
not only good in every State but showed a full yield
almost everywhere, the chief exceptions being in sec
tions of the Atlantic States. Altogether then, with
these differences in acreage, in early start, and in sub
sequent development, it is no surprise that the product
this year should have declined materially from 9,892,766 bales, the extremely large total of a year ago.
What has made this cotton speculation especially
conspicuous is another feature which has grown out of
it— an advance in foreign exchange this week of one
and-a-half cents per pound sterling. When cotton is
moving to Europe so freely as it now is there is no real
ground for this advance in exchange. Of course the
shipment of cotton is not quite as large as it was last
year, but comparing the probable surplus for export of
the two years it is larger, and comparing values it is
quite as large, prices being over 3 cents a pound higher.
For instance our telegrams reported last Saturday 185
thousand bales on shipboard not cleared (valued at 8-Jmillion dollars on the basis of middling uplands at New
York on that day), against 261 thousand bales same day
last year valued at 8 million dollars. To-day (see our
cotton report) we report 202 thousand bales on ship
board and 346 thousand bales same date a year ago,
valued on the basis of prices of middling uplands at the
two dates at 9-J million dollars October 18 1895, against
10^ million dollars October 19 1894. If we were to
take the figures of actual clearances, that is actual ex
ports, for each of the weeks referred to, they would
show the same relative conditions— clearly indicating
that there is no reason at all on the surface of affairs
for the rise in exchange.
Our inquiries in the foreign exchange market like
wise disclose unnatural conditions. The facts set out
above with reference to cotton obviously indicate an
abundance of bills to meet all wants, while the general
report has been a dearth of bills. A most surprising
circnm8t ance, however is that we find, in spite of this
[ V ol . L X I.
general report, that the market was bare of bills, that
offerings have been made to certain bankers this week
of bills to the amount of over £2,000,000 sterling, de
liverable up to November 15. These facts and the
heavy selling movement in cotton reported Thursday
in Liverpool on American account give the appear
ance that we are nearing the end of the speculation— that
the accumulating cotton to be carried is getting to be
too heavy a load for those who are engineering the
movement. Thus it happens to all syndicates or com
binations who try to corner commodities. The exper
iences in wheat, in cotton, in silver, fill many pages of
history, but the records differ only in names and dates.
As soon as the article b=gins to accumulate the power
to advance price is lost, and soon thereafter the break
follows. Such occurrences are every way unfortunate.
They never benefit, but are always hurtful to values;
they disorganize every industrial market directly or in
directly dependent upon the commodity affected, and
tney injure the numerous innocent parties who become
involved.
Secretary Carlisle delivered another one of his capital
speeches on financial questions last Saturday, on the
occasion of the dinner tendered in his honor in Boston
by the Massachusetts Reform Club. It is largely
owing to his efforts that the free-silver craze is subsid
ing, and that public opinion has been educated up to
the point where (as evidenced by the discussions at the
Bankers’ Convention this week) a very strong senti
ment has been created in favor of the retirement of the
Government note issues. In the meantime there is no
check to the revival in trade, which has been such a
feature of the situation in recent months; if prices in
the iron and steel industries have receded in some in
stances from the extraordinarily high level to which
they had been carried,«that is all the more reason for
feeling confidence in the outlook. At the same time
the phenomenal grain crops which we have harvested
the present year give assurance that the circle of busi
ness activity will continue to widen and expand.
We have an excellent illustration of the advantages
that will accrue to some of our railroads from these
large crops and the recovery in business in the return
of the Chicago Milwaukee & St. Paul for the second
week of October, showing gross earnings the present
year in that week of 1836,407, against only $637,289 in
the same week of last year, an increase of almost onethird ; this year’s total is but 3 per cent less than that
for 1893, when the passenger travel to the World’ s
Fair was adding so largely to the revenues of
the road.
It is also an encouraging feature
that the railroads in the West have this week settled
up their differences, and that an agreement has been
reached to restore rates. We stated last week that the
war was too intense to last long, and this view has
proved correct. We notice, too, that in the South the
new Southern States Freight Association has been
definitely organized, and that the prospect for the
maintenance of rates in that section is considered better
than for many years past.
Last week’s bank statement showed further liquida
tion of $3,596,200 loans, making $16,292,900 since
September 14, while the cash was reduced $3,946,700
aud the surplus reserve was c vrried to $14,176,900
agaipst $13,413,450 March 30, which was the lowest of
the year. The statement was most 1 kely made on
rising averages. At least as the figures stand we can
find no evidence in them of the Government interest
payments due October 1st. The flow of money to the
O c t o b e r 19, 1895.]
THE
CH RONICLE.
679
interior has again become freer the latter part of the posted 4 874- for the former and 4 884 for the latter,'
week. This appears at least to be true of the move then rates for actual business in sterling were 4 86£@
ment through the Sub-Treasury, the shipments having 4 864 for long, 4 874@4 874 for short and 4 874@4 87£
been largest after the middle of the week.
It is pre for cable transfers, and the tone was quoted weak.
sumable therefore that the week’s statement will be These rates were only one-quarter of a cent higher than
those ruling early in May, which were the lowest of
made on declining averages.
Money on call has this week loanel at 2 and at 21 the year, the decline at that time being brought about
per cent, averaging less than 24, the bulk of the by the offering of bills drawn agains' securities placed in
business having been done at 2 per cent. The offer Europe, at which time it is understood that the Syndi
ings have been principally by trust companies and cate aud other bankers covered bills previously sold at
foreign bankers, who are not disposed to accept less high prices at various times after the beginning of op
than 2 per cent, and as banks are no! competing to erations under the bond contract. Subsequently, as is
any extent, lenders have little diffimlty in getting fair well known, the market advanced, and in July and Au
rates. Btnks and trust companies quote 2 per cent as gust nominal rates ruled at 4 90 for long aud 4 91
the minimum. Brokers report that very little is doing for short, the highest ou record, aDd those for actual
as 4 89
in time loans, Tnose of the banks th it are iu the i business in sterling were as high
market do not care to make engagements beyond four @ 4 894 for long, 4 90@4 904 for short and 4 904
months, and the offerings are not liberal from any @ 4 904 for cable transfers. While the market
quarter for longer dates. Quotations are 24 per cent was moving upward bankers drew against their credits
for thirty days, 3 per cent for sixty to ninety days, 3| for their legitimate needs, expecting that they would
@ 4 per cent for four and 4(5)44 per cent for five to be able to cover these bills with commercial drafts
eight months on good marketable collateral. There is against cotton when that staple began to be marketed.
a good assortment of commercial paper offering, and at But the movement began late, and it was not until
The decline
the same time a good demand, but rates do not change August 21 that the market grew easier.
and they remain at 4J@5 per cent for sirty to ninety in the market was very gradual for nearly a month,
day endorsed bills receivable, 5@54 per o n t for four and it was occasionally arrested by an increase in the
months' commission house and prime four months’ demand, which absorbed offerings of bills. The change
single names, 5J@6 per cent for prime six months and came on September 19, when the market began to
6@7 per cent for good four to six months’ single grow distinctly easier, being positively weak at the end
l the month. On October 3 Brown Bros, posted 4 87
names.
The European financial situation has assumed a for long and 4 88 for short. It is fair to assume, and
more settled aspect. On Thursday the news was re ’ ndeed it is reported, th
during this downward
from August 21 bankers
who had
ported by cable that the Porte had acceded to the movement
demands of the Powers for reforms in Armenia. The sold bills
at high
prices during
June aud
semi monthly settlement on the London Stock Ex July and
early in August covered them with
change pissed off without disturbance, though it is cotton and grain futur- a, and they could well afsaid that Mr. Birn&to loaned large sums to assist in ord to pay abnormally high figures for them because
adjustments on Kaffir stocks. On Totiraday the set ! of the high prices which they received for their bills.
tlement in Paris is reported to have resulted iu a semi This may, and probably will, account for the state
panic in mining shares, which was reflected in ments that commercial bills wore scarce, arid that
London, but d acounta were nos affected, indicating i.hose offered were held at too high figures to make
that special rates are demanded for loans upon them available for the drawing of bankers’ bills against
mining securities. One feature of the week w.«s them. When cotton begun to move with some degree
an advance on Tuesday in the open market "f freedom speculators manipulated the market and
discount rate iu Germany to 3 per cent, supposed to checked the supply of spot bills. It is a noticeable
be due to local settlement* j later in the week there fact that for the past fortnight the quotations in our
was a reaction to 2} per cent. The Bank of England exchange market have been for spot or uear bills and
minimum rate of discount remains unchanged at 2 per that for the most of the time there have been few or
cent. The cable reports discounts of sixty to ninety no offerings of November or December cotton drafts.
day bank bills in London 11-16 of 1 percent. The This would indicate an unwillingness to offer other
open market rate at Paris is 1$ per cent, at Berlin it than Octobor bills.
is 2f per cent and at Frankfort it is 2J per cent. Ac
The market this week opened dull and steady on
cording to onr special cable from London the Bank o' Monday and rates for actual business were unchanged
England lost £569,416 bullion during the week and compared ith Friday at 4 86J5)4 87 for long, 4 8?4@
held at the close of the week £41,157,225. Our cor 4 87$ for short and 4 88@4 884 for cable transfers.
respondent furtht-r adiises us that the loss w as due to Commercial bills were reported in moderate supply and
the export of £590,000 (of wiiich £400,000 were to the toe demand was light. On Tuesday there was a firmer
Cape, £150.000 were to Eygpt and £40,000 were to tone, with a good inquiry, which disclosed the absence
Ronmania), to shipments of £144,000 to the iaterior of bills, and Brown Bros, and Lazard Frerea advanced
of Great Britain, and to an import of £165,000, of posted rates half a cent, while rates for actual business
which £108,000 were bought iu the open market, rose one quarter of a cent,
Ou Wednesday the
£50,000 were from Australia and £7,000 from Egypt.
market opened dull and firm, and Brown Bros.,
The foreign exchange market has been strong this the Btnk of British North America, Heidelweek in consequence of a scarcity of bills, but the de bach, Ickelheimer & Go., Lazard Freres and the Mer
maud did not appear to be urgent until Wednesday, chants’ Bank of Canada advanced their posted rates
when one of the large coffee importers bought freely, half a cent, while rates for actual business rose oDecausing an important advance in rates. On Tuesday quarter of a cent, and in the afternoon there was
of last week three of the leading drawers of exchange a further advance of one quarter of a cent, and
quoted 4 87 for sixty day and 4 88 for sight, while five then it was reported that a large coffee house had
680
THE
CHRONICLE.
been buying freely. On Thursday Brown Brothers,
the Bank of British North America, the Bank of
Montreal, the Canadian Bank of Commerce, Heidelbach, Ickelheimer & Co. and the Merchants’ Bank of
Canada advanced their posted rates half a cent, while
Baring, Magoun & Co. moved their rates up one
cent. Rates for actual business were advanced one
quarter of a cent to 4 87£@4 87f foi long, 4 88J@
4 884 for short and 4 89@4 894 for cable trans
fers, and some bankers reported 4 87f@ 4 88 for
long.
This made an advance of two cents for
sixty day and one cent for sight and cable transfers
since Monday morning. The market was reported
dull and steady at the close on Thursday. Yesterdav
the tone was easier and Brown Brothers reduced their
posted rates half a cent, while rates for actual business
were reduced one-quarter of a cent. The following
table shows the daily posted rates for exchange by
leading drawers.
Frl.,
Oct. 11.
87
Brown B ros.. ., J | ^ a y s .
88
Baring,
(SO days.. 8 7 *
Maeoun & Co. J Sight...... ss*
Bank British
( 60 d ays.. 87^
No. America.. } Sight...... 8846
Bank o f
5 60 days.. 8 7*
Montreal....... ( Sight....... 88*
Canadian Bank (60 d avs.. 8 7 *
o f Commerce. ( Sight..... 88*
Hei del bach, Ick- (60 d a ys.. 8 7 «
elhelmer& Cs ? Sight...... 8846
• 8746
8846
Merchants’ Bk. (60 days.. 87 m
o f Canada__ \ Sight....... 8846
Lasard Freres.. j
Mon., Tues., Wed.,
Oct. 14. Oct. 15. Oct. 16.
87
8746
8746-8
88
884,
8846-9
8746
8 7*
87*
8b*
8846
88*
87*
8746
88
68*
8846
89
8746
8746
87*
8846
8846
8 8*
8746
8 7*
8746
8846
8846
8 8*
8746
8746
88
8846
89
8846
8 7*
88
8846
8 8*
89
8946
8746
8746
88
8846
89
8846
Thurs..
Oct. 17.
R8-*
8 9 -*
Frl..
Oct. 18.
8846-8
8946-£
8846
8946
88m
8946
8846
8946
88
89
8846
8946
88
89
88
89
88'
89
88*
89*
8846
8946
8846
8946
8846
8946
8846
8«46
8846
8946
The market closed firm on Friday at 4 88@4 88|
for sixty day and 4 89@4 894 for sight. Rates for
actual business were 4 87|@4 87f for long, 4 884@4 884
for short and 4 88f@ 4 89 for cable transfers. Prime
commercial bills were 4 87@4 874 and documentary
4 864@4 86f. Muller, Schall & Co. yesterday engaged
$400,000 gold for shipment to Buenos Ayres. The
Bureau of Statistics at Washington has this week issued
the return of the country’s foreign trade for September,
and we give the figures below in our usual form.
F o r e ig n T r a d e M o v e m e n t
of the
U n it e d S t a t e s .
[V o l . LXI,
We subjoin the totals for merchandise, gold and
silver for the nine months for six years.
M e r c h a n d is e .
Nine
Mos.
Go ld .
Excess
E x
Exports. Imports.
of
ports.
Exports
Im
p o rts.
$
*
t
*
$
1 895
5 5 7 .9 3 1 0 0 0 ,9 8 3 * 4 3 ,0 5 2 7 3 ,5 1 7 3 0 .1 4 6
1 8 9 4 . 5 7 6 6 18 5 0 3 , 5 9 0
7 3 , 0 2 8 9 0 , 5 8 2 1 7 ,2 5 9
1 8 9 3 0 0 3 ,2 2 2 0 2 5 ,3 2 5 * 2 2 ,1 0 3 7 0 .2 7 9 0 5 ,9 6 1
1 8 9 2 0 0 5 ,3 1 0 0 5 3 .4 0 3
1 1 , 9 0 7 0 2 , 0 2 9 1 0 ,2 1 4
an
1 8 9 1 . 0 3 7 ,5 9 3 0 2 7 ,1 1 6
1 0 ,4 4 7 7 7
1 3 ,1 8 2
1 8 9 0 . 5 7 1 ,7 3 1 6 2 5 , 8 2 7 * 5 4 , 0 9 3 2 2 , 4 3 8
9 ,6 4 9
T otal.......
I m p o r ts .
1
E xcess.
E x p o r ts .
*
+7,214
—11,949
-1 6 ,4 8 8
—15,13d
—6,693
*
221,756
182,673
52,614
60,778
58,799
1 67,257
1 61,686
65,302
51,697
50,618
+ 5 4 .4 09
+ 1 3 987
— 12.688
+9,079
+ 8151
557.931
600.9S3
-4 3 ,0 5 2
576,618
503.590
+7.1 08s
G o ld .
Jan.-March.
April-June..
July.............
A ugust........
September..
30,621
4,610
3,867
10.668
17.424
14.110 +16,511
11,875
-7 ,2 6 5
571
+3,296
1,535 + 15,133
749 + 1 6,675
8,509
6*2.411
1 4,230
5,119
237
3.938
7,508
1,407
3,183
655
+4.571
+54,903
+ 1 2.823
T otal........
73,190
28,840
+ 44,850
90,506
16,601
S ilv e r .
Jan.-March.
April-June..
July.............
August........
Septem ber.
+73,815
10,619
13.278
4,814
4,554
5,398
1,606
2,706
772
1,110
1,781
+9,013
+ 10 .67 2
+4,042
+3.438
+3,617
12,467
11.248
3,214
4,412
3,995
2,427
2,158
958
911
892
+ 10,040
+9,090
38,663
G o ld in O r e .
Jan.-March.
280
April-June,.
38
July.............
A ugust.......
3
September..
6
7,981
+ 30 .68 2
35.336
7,346
259
572
172
129
174
+21
-5 3 4
—172
-1 2 6
—168
7
3
10
2
4
141
195
81
97
54
-5 0
I T otal.......
1,806
—979
26
568
—542
2,876
3,202
925
1,142
983
—2,871
-3 ,1 7 1
—925
—1,116
-9 4 5
79
91
14
8
8
1,641
1,587
869
934
649
—641
8,128
-9 ,0 2 8
5,680
-5 ,4 8 0
T o t a l.. . . .
327
S i l v e r in O r e .
Jan.-March.
5
A p ril-J u n e.
31
J u ly.............
A ugust........
26
September..
38
T otal.......
100
- f E xcess o f exports.
— Excess o f imports
200
+3,103
+ 27,990
5 ,5 2 7
4 ,7 4 8
t Earnings.1893.
1892.
1,362,915
610,630
187,192
66.516
206,098
55,157
1,73+914
494,860
300,540
116,166
140.079
61,982
3?2,2«8
128.725
83,000
45/JOO
209,721
76,634
.
,
1,475,144
608,312
207,151
79,583
225,484
64,660
1,734,928
488,499
353,225
186,071
156,192.
1895.
8
2.086.419
723,716
I N ,288
31.972
429.556
187.831
1,428,201
566,113
179.349
87,879
79,696
32,317
101.853
36,213
1894.
«
2,085,416
753,886
100,730
16,105
377.812
165,649
1,349,923
515.300
127,506
66,104
86,055
40.681
90,179
24,785
1893.
$
2.320,225
944,595
107.421
41,287
353.541
165,083
1,441/89
652,219
76.502
21,818
77,777
32,005
100.351
35,179
1892.
Net
Georgia................................
Net
Nash. Chat. * St. L ou is...
Net
Pitts. Cin. Chic. & St. L . ...
Net
Pitts. Youngs. & A sh ..........
Net
San Frail. & No. Pac...........
-4 1 8
1 0 ,1 7 2
1894.
$
1,437,993
621,920
198.062
80.803
206,522
61,839
1,587.042
452,136
358.738
178.963
131,545
33,383
29« 7R8
118,929
104,610
44,693
262,791
97,803
i ,
Baltimore & Ohio..............
195,160
190,141
73,030
71,116
65,236
1 8 ,6 1 3
1895.
$
Central Pacific..................
1,260,445
Net
539,424
Ches. Ohio & Southwest’n .Gross 218,313
Net
79,567
Flint & Pere Marquette. . .Gross
221,241
Net
61,411
Grand Trunk.....................
1.641.991
Net
498,9 IB
Lake Erie & W estern.......
320,485
Net
164,9a 1
Louisville Evansville &St.L.Gross
144,378
Net
53.474
Louis. N. Alb. & Chic........
314,106
Net
138.844
Peoria Decatur & Evansv. .Gross
87,678
Net
35,595
Pittsburg & W estem ......
301,020
Net
100,384
N am e o f R oad —
N am e o f R o a d —
Im p o r ts .
$
*
202,374
181,492
56,542
55,980
58,543
1 2 ,7 8 9 2 1 , 0 4 8 1 6 , 3 0 0
2 1 ,6 5 4
2 2 ,5 ia
In the last table gold and silver in ore for 1894 and
1895 are given under the heads respectively of gold
and silver; for the other years both are included in the
merchandise figures.
We publish to-day our compilation and review o f
the gross and net earnings of United States railroads
for the month of August. For September the Balti
more & Ohio reports $1,003 increase in gross, $30,170
decrease in net; the Pittsburg Cincinnati Chicago &
St. Louis, $78,279 increase in gross, $40,813 increase
in net; the Pittsburg Youngstown & Ashtabula, $51,843increase in gross, $21,775 increase in n et; the
Georgia $10,558 increase in gross, $15,867 increase in
n e t; the San Francisco & North Pacific $6,359 de
crease in gross, $8,363 decrease in net ; the Nashville
Chattanooga & St. Louis $51,744 increase in gross,
$22,182 increase in n e t; and the West Virginia Cen
tral & Pittsburg $11,674 increase in gross and $11,428
increase in net.
--1 8 9 4 .E xp orts.
4 3 . 3 7 1 3 8 , 7 6 3 1 7 ,1 0 9
7 3 ,2 7 3 3 5 ,5 5 6 1 3 ,0 2 6
1 0 ,3 1 8 3 3 , 4 1 9 1 5 .0 0 0
5 1 , 8 1 5 2 3 . 8 5 8 1 3 .6 8 6
0 4 . 4 5 9 1 7 ,0 1 7 1 1 . 4 9 0
* E x c e s s o f im p o r t s .
In the follow ing tables three ciphers (000) are in all cases omitted.
M erch an d is c .
Jan.-March.
April-June..
J u ly...........
A ugust......
September.
Si l v e r .
Excess
Ex
Im Excess
of
ports. ports. of E x
Exports
ports,
1
1
$
$
Net
West Va. Cent. & P itts__
Net
332,169k
131,138
208,462
2,615,629
971,799
130,582
49,112
448.128
177,157
1,558,423
592,097
139,97050,970
89,770
40,516
94,369
29,521
The following statement gives the week’s movements
of money to and from the interior by the New York
banks.
Week Bndino
O ct.
18,1805.
G o l d ....................................................................
Total gold and legal te n d e rs ,....
Received by Shipped by
N. Y. Banks. N. Y. Banks.
Net Interior
Movement.
2,241,000
408,000
$4,383,000 Loss.$2,142,000
562,000 Loss.
154,000
$2,649,000
$4,945,000 L oss.$2,296,000
With the Sub-Treasury operations cbe result is as
follows.
'Veek Ending
O c t.
18, 1895.
Banks’ interior m ovement, as above
Into
Banks.
$2,649,000
16,800,000
Out of
Banks.
Net Change
Bank Holdim s .
$4,945,0001 L oss.$2,296,000
14,800,000, Gain. 2,000,000
T otal gold and legal tenders...... $19,449,000 $19,745,000 L oss.
296,000
The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
THE
October 19, 1895,]
October 17. 1895.
Bank of
Gold.
£
S tiw . I
£
October I S ,
TotaL
£
j 4 1 .1 5 7 ,2 2 5
1
E n g l a n d . .........
4 1 ,1 5 7 /2 2 5
F r a n c e . . --------
7 8 .i6 8 .5 5 3 19.37-5 ,8 3 0 '1 2 7 .9 1 3 .8 8 9
31,8*7.878 13,842,322 4 5 .4 9 0 .2 0 0
21,^58.000 12.975.000 $4,933,000
3.e<»,000 11.270.000 19,274,000
4^73,000 6.781.000 11,054.000
2.859,333 1.429.667 4,289.000
Germany. . . .
Aust.-Hontj'y
Spain ...........
Netherlands. ;
Nat. Belgium
CHRONICLE
1894-
Gold.
Silver.
£
S
lotat
X
3 6 .6 1 9 ,0 0 1
3 6 .6 4 9 .6 0 1
7 5 .6 9 9 .0 0 0 4 9 .7 2 9 ,0 0 0 1 2 5 ,4 2 8 .0 0 0
3 2 9 7 5 ,0 0 0 13 4 6 9 ,0 0 0 4 6 4 4 1 ,0 0 0
1 3 .9 7 7 .0 0 0 1 4 ,7 1 7 ,0 0 )
2 8 .0 9 4 .0 0 0
8 ,0 0 4 .0 0 0
9 .0 3 8 .0 0 0
1 7 .6 4 2 .0
4 ,0 7 0 , *00
6 .7 6 9 .0 0 0
3 ,1 6 3 .3 3 3
1 ,3 8 1 .6 6 7
1 0 .8 3 9 .0 0 0
4,745,0^*0
Tot.thls week 188.687,969 95.471.825 284,142.814 1 7 4 .5 3 7 ,9 3 4
Tot. prer.w’k 189,864,998 95,93L.155 885,190.153 1 7 4 .2 3 1 .3 8 4
9 5 .9 0 3 ,6 6 7 2 7 0 .4 4 1 .6 0 1
9 5 .8 9 1 .3 3 3 2 7 0 .1 1 5 ,7 1 7
TH E C O N V E N T IO N OF THE A M E R IC A N
B A N K E R S ’ ASSOCIATION.
The American Bankers’ Association is a progressive as
well a3 a very useful body, and it i3 not surprising
therefore that at its annual convention at Atlanta this
week the topics which engaged its attention and the
papers read before it were nearly all such as possess
much immediate public interest.
Nor is it surprising
either that among these topics there was one which
overshadowed all the rest, namely that concerning our
currency system, its weakness and its inefficiency, and
the difficulties under which the Treasury labors through
its operation. This was the subject of a great many
papers, and while the views as to the best way of treat
ing the situation naturally differ, the subject easily
held first place. And well it might, for there is no
other that so vitally affects the welfare and prosperity
of all industrial interests and all classes of our popula
tion.
The present was the twenty-first annual meeting—
a fact which led to some review of the work of
the association by several of the speakers.
Mr.
John J. P. Odell, the President, in his annual ad
dress, gave an interesting account of wh»t the associa
tion has accomplished thus far in its career, and at
the same time made some excellent suggestions for ex
tending its usefulness by giving State organizations
representation in the national body. Mr. William II.
Rhawn, the President of the National Bank of the
Republic of Philadelphia, in introducing Mr. James
T . Howensteiu, "the founder of the association," also
had something to siy regarding its work and alluded to
the influence which it has had in stimulating the
grnwth of S ate Bankers’ associations. Mr. Howensteiu, who derives his designation of "founder
from the active part played by him in organizing
the first convention at Saratoga Springs in 1875, de
voted himself entirely to this subject, a>d indeed the
theme of his discourse was “ the Founding of the
American Bankers Association.” His address abounded
in historical reminiscences.
A year ago the Association, in its convention at
Baltimore, took noteworthy action in favor of a new
bank note system, giving its approval to the scheme
which has since become known everywhere as the
Baltimore plan. This year n • formal action was had
on the snbj ot. But the sentiment controlling the
delegates, and their conviction that a change in the sys
tem is imperative! r required, may be observed all
through the various addresses.
While there are quite
wide differences of opinion as to what the substitute
shall be, practically all the members are agreed on this
one point, that the Government note issues should be
retired. Mr. Odell sounded the keyno’e of the pre
vailing spirit when, in his opening address, lie spoke
of "the present makeshift and pernicious system of
Governmental note issues” and declared that “ with a
j
681
scientific monetary system based upon a standard
which has received the endorsement of the most civi
lized nations, we may feel assured that the intelligent
and energetic people of the United States will develop
and utilize to an extent beyond the dreams of the wild
O est visionary the marvelous resources which Nature has
with such generosity bestowed upon us.”
Ex-Governor William E. Merriam, President of the
Merchants’ National Bank of St. Paul, delivered an
excellent and a very able address, his subject being
"T h e Currency of the Twentieth Century.” He
pointed out that we have utilized a credit currency—
checks, drafcs, &c.— to an enormous extent, and that
credit money performs the functions of real money to
a greater degree than ever before in the history of the
world. On the other hand the people of the United
States have not up to this time been able to put into
execution any satisfactory plan for furnishing the
nation with a paper currency at all adeqate to the com
mercial situation as we find it at the threshold of the
Twentieth Century.
" Wonderful in commercial
achievements, unprecedented in the world’s history, in
the highest stages of civilizition, with all the concom
itants of a rich and powerful people, enjoying the
highest blessings ever vouchsafed to a prosperous
nation, we-stand confessed to-day,” he says, in the
presence of every commercial competitor as having a
monetary system inadequate to the demands of com
merce, as well as one fraught with the greatest dangers
to the welfare of every citizen of our country. " With
as many kinds of money as there were colors in
Joseph’s coat, this country of enormous resources and
of unlimited opportunities is without any well-defined
financial scheme suitable to conduct its business and
maintain its credit.”
Mr. Merriam well says that a currency based upon
secmities or land can never respond to the demands of
commerce. The national bank notes constitute a rigid
currency without any of the real functions incident to
h paper money, to be put to work when needed and re
tired when no longer required; in addition a paper cur
rency issued upon securities may under some circum
stances result in financial chaos. lie thinks it may be
•issumed that in the future we are to have some kind
of a paper currency based upon the credit of the institu
tion emitting it. He shares the prejudice of so many
others against State bink note issues, but he would
utilize the suggestions of Secretary Carlisle and Comp
troller Eckels as far as applicable. In other words, he
bel eves in a plan that will practically absorb the
"greenback/ and provide as well for a bank circulalation based upon credit. He would require the banks
to invest 40 per cent of their capital in United States
notes and issue circulation against the same, the bills
remaining in the hands of the Treasurer, and deliver
currency to the banks for the remaining GO per cent,
to be issued by them when desired. He would also
have the banks pay a tax of 2 per cent upon the aver
age amount of their circulation, and thinks this would
secure elasticity in tbe note issues. Ilis theory is that
whenever the demand for money was sufficiently active
to enable banks to lend their funds at prices that would
net over 2 per cent, there would be an incentive to put
out the currency, while on the other hand when money
was worth less that that amount the effect would be to
keep the unsigned bills in the bank vaults.
It is not necessary to enter upon a discussion of Mr.
Merriam s scheme. Nor have we space on this occasion
to pass judgment upon the proposals of any of the other
632
THE
CHRONICLE.
speakers. Mr. John F. Burt of Boston has elaborated
his proposal made last spring under the title of “ Credit
Currency and Credit Redemption on a Gold Basis.”
This is a plan of a totally different kind from that of
Mr. Merriam. Mr. Burt would provide a currency to
take the place of all the present issues of paper money,
amounting to about one billion dollars. He thinks
in some form the new device should have the guaranty
of the Government, but the redemption of it should be
thrown entirely upon the banks. Ilis proposition con
templates the issue by the United States of so called
credit notes, payable in credit at ary national
bank. He would (allow a bank to receive on applica
tion a deposit of such credit notes to the extent of 25
per cent of its assets, this percentage to be increased on
app ication of clearing-house committees in the cen
tral reserve cities, but subject to the approval of the
Comptroller of the Currency ; the deposit to be cred
ited to account of United States credit notes, and said
notes to be redeemed by United States check against,
said account; the checks to be paid through the
clearing-house, and clearing-house settlements to be
made, as'at present, in g Id; the credit note to be a first,
lien on all the assets of the bank, including double lia
bility of stockholders; and intertst to be allowed on
the credit note account at a rate not less than 1 per
cent, ( , and equal to the highest rate paid on any ac
count.
We do not think Mr. Burt’s plan will find
much favor, but every one will agree with him when he
says : “ Gold credit will purchase ai y and every
thing, anywhere and everywhere. Even the deluded
devotees of silver with gold credit can fill their hous's
from cellar to roof with silver, and that is the place
for it, and not in Government vaults.”
Various o her plans were submitted, not all of which
we have space to outline. One of these was bv Mr.
William Hackett, the Cashier of the Easton National
Bank of Eastern, Pa. This plan provides for the issue
of TOO million dollars of United States bonds, to bear 2
per cent interest (and he thinks the rate might be re
duced to 1 or 11 per cent), and to be used only for de
posit as security for the circulating notes of banks.
The distinctive features of the plan are that it makes
the organization of the banks into clearing-house asso
ciations compulsory, and that it petmits these clearing
heuses to issue clearing-house certificates to the extent
of 75 per cent of the assets of their members, said cer
tificates to bear 6 per cent interest; and furthermore
that it provides that in times of emergency each bank
can have permission from the C .mptroller of the Cur
rency, after he has satisfied himself as to its solvency,
“ to demand reasonable time in payment of all claims
upon it.”
These schemes show how wide is the divergence of
views even among those supposedly most competent to
advise as to the treatment to be pursued to cure cur
ills. Mr. Edward A'kinson made some suggestions forwithdrawing the Government note issues, and in his
address, strangely enough, he is led to remark : “ h is
time, in my judgment, for some to say, plainly, the
national banks have not been free from blame in these
troubled times. They now have the opportunity to
justify their title of national, and if they fail to meet
it they should be deprived of that title. It is time
that this ample reserve of gold should be so used as to
sustain the Treasury. In fact, the withholding of this
gold by banks is a potent cause of the distrust of the
ability of the Treasury to maintain gold pay
ments.’ There is nothing new in these statements.
V o l. L X I.
they have been answered time and again. But that
they should be sanctioned by Mr. Atkinson is surpris
ing. Nevertheless, at the conclusion of his address
the Convention acted on his suggestion, and adopted
a resolution offered by Mr. Rhawn providing for
the appointment of a committee to “ confer with
the Secretary of the Treasury with reference to the
co-operation of the banks in maintaining the national
credit.”
Mr. Rhawn, who, as already stated, is President of the
Bank of the Republic of Philadelphia, read a suggestive
paper on the utilization of money reserves through bank
clearing houses in relieving monetary stringencies and
preventing panics. After showing what a beneficent
agency clearing-house certificates have proved in
times of crises, and particularly during the panic of
1893, Mr. Rbawn notes that it is a defect of the
national-banking law that it does not provide for
these certificates. Such legaliz ition, he thinks, to be
most effective should be accompanied by the authori
zation of their use by the banks holding them as a part
of their lawful money reserves, say to the extent of
one-half or two-thirds of such reserves; this would
n base a corresponding amount of currency that could
be immediately paid out with the tfleet of at once
relieving the stringency and preventing it from run
ning into a panic; when the emergency had passed,
the certificates, having performed their function, would
be rapidly retired. He also throws out the suggestion,
which has previously been advanced in other quarters,
that in this idea there may be found the basis for a
national currency bised upon the pledged assets o f
tl e associated banks “ that would be as secure as the
cleatiug-house loan certificates, wbh nil their elasticity, ai d that would supplement or take the place of
the present bank currency secur d by Government
bonds as such bonds gradually cease to be available
for the purpose.”
An address which deservedly attracted attention by
reason of the forcible style of its author was that o f
the Hon. George N. Aldredge of Dallas, Texas. The
speech was devoted to showing the advantages of the
single gold standard and was a strong argument against
the free and unlimited coinage of silver. Speaking o f
the decline in the interest rates which has occurred
since 1872, Mr. Aldredge averred that the South and
West have sived more on this decline of interest than
they have lost ou the decline in wheat and cotton.
' ‘Interest is always low under an honest standard,
among an honest people, where money is plentiful. It
is lower in London than in any other spot on the globe
because her standard is stable and her commercial integrity has been the care of her statesmen and her
people for ages past.’
He also makes a strong point
when he says the poor nun is not in debt; he never
had a chance to get in debt. “ The corporations, spec
ulators and plungers generally constitute the debtor
class. Every wage-earner belongs to the ertditor class.
No one would be bet efitted by 16 to 1 coinage except
the debtor class. Even the mine-owner would not, for
the temporary stimulus given to silver would in
crease its production until the price would fall below
what it is now. On the other hand, all would suffer.’”
Altogether we may say that this annual s> ssion of
the American Bankers’ Association has been a notable
i ne. It shows that the leading men in business circles
all over the country are alive to the importance of our
currency problem and through discussion are con
tributing to its early solution.
OCTOBER 19, 1895.]
THE
CHRONICLE.
683
Union Pacific is to pay an assessment of $15 per share,
UNION' P A C I F I C R E O R G A N IZ A T IO N and the proceeds will go to meet the cash requirements
PLA N .
of the plan.
An important event of the week has been the pro
Of course a very important consideration is as to
mulgation o ' a plan for the reorganization of the bow it is proposed to deal with the claims of the
Union Pacific Railway Company. The plan strikes us as Uuited States Government. Here, too, it seems to us,
biing a very clever contrivance and as containing within tbe plan is strong. We are not told what terms of
it the elements that are likely to ensure its success. settlement it is intended to off-?r to the Government.
It deals only with the mortg.ge liens of the main line We can only surmise their p obable nature from cer
(comprising the Union and Kansas divisions), but tain statements in the plan. The new 1st mortgage is
these are the equities in the property that have chiefly to to be for $100,000,000 and tbe amount of tbe preferred
be reckoned with, aside from the lien of the Uuited stock is to be $75,000,000. The exchanges called for
States Government. The auxi iary properties are not under the plan will require $51,214,720 of the new
comprehended in the scheme. As the plan states, bonds and $47,135,600 of the new preferred stock; in
independent reorganizations of many of these proper addition it is provided that $13,000,000 of bonds and
$7,000,000 of preferred stock shall be set aside “ to
ties are pending.
We do not understand that it is the int. ntion to cast dispose of equipment obligations and for reorganiza
off the auxiliary properties entirely. With many of tion and corporate uses.” Taere then remains a bal
them doubtless separate arrangements can be made. ance of $35,755,280 of bonds and $20,864,400 of stock
It is evidently felt that the essential point is to provide and this is specifically reserved “ for settlement of the
for the reorganization of the main or trunk lines ; that debt to the United S'ates and for extraordinary require
with this done the new company will be in position to ments.”
enter upon negotiations with such of the branch and
The sum owing to the Government is $33,539,512 for
auxiliary properties a3 it may be desired to r tain. principal of the debt and $L9,500,000 for accumulations
Any scheme which went further than this, and at of interest, after allowing for the value of the sinking
tempted to embrace all the various lines in the system, fund. It will be observed that these amounts c >rrewonld stand little chance of success, because of the spond quite closely with the reserve of bonds and stock,
impossibility of making such a scheme satisfactory and from this we draw the inference that it is the in
to all the numerous, diverse and conflicting in tention of the committee to offer the Government the
terests; and the opposition of only a few of such new first mortgage bond- ( precisdy the same bonds as
interest* would be certain to jeopardize its success. the Union Pacific first tn irtgage bondholders are to re
B-.aides, there is force in the remark of the Rrvrgtn'za- ceive) for tbe principil of the debt and to make some
tion Committee that "geog'aphical conditions and allowance for the accumulate na of interest in new pre
We have no authority for tlrs supposi
considerations of mutual advantage point to a con ferred stock.
tinued operation of such of these auxiliary properties tion and nothing lo support it beyond the facts men
as have had a demonstrated value, in harmony with tioned, but if it is the purpose to offer a settlement
that of the reo ganized company; an 1 relief from the on that basis, Congress had better by all means accept
burden of these guaranties will, it is believed, be an the proposal. The terms are exceedingly liberal.
advantage obtained without detriment to the earning
What view Congress will take of the matter it is of
course impossible to say. Our legislators have been
capacity of the property.’ '
In considering the plan, one is impressed first of all strargely neglectful of the interests of the country in
with the fact that thocommittee proposing it is an un this affair thus far. Several schemes for the adjust
usually strong one, it comprising the narne3 of Louis ment of the debt have been offered in recent years, and
Fitzgerald, Jacob II. Sohiff, Marvin Ilughitt, Chauncey beeu rejected by Congress, and that body may persist in
II. D pew, T. Jefferson Coolidge, Jr., and Oliver its policy of obstinacy and hostility. At the same time
Ames, the 2d. Whether or not the composition of this it Bhould be borne in miud that the nresent commit
•committee is such as to suggest a Vanderbilt interest is tee will be in position to appeal to Congress more
not of so much importance a3 that these men should bo eff otively than any previous party. It will rep
willing to lend the weight of their influence and pres resent, not tho stockholders, nor any other junior
tige in support of the undertaking—admittedly a very interests,
but the first mortgage bondholders,
difficult one. Then also the terms off* red the bond those who hold the lien which stands ahead of that
holders are such as wonld be likely to secure their sup of the Uuited S ates, and who thus possess the power
port. These holders are to get new first mortgage 50 to euL.rce their claim by foreclosure. Tne R 'organiza
year gold bonds for the full 100 per cent of the amount tion Committee say that they are advised by eminent
of their present hoi lings in all cases except the Kansas counsel that this first lien can be effectively foreclosed.
Pacific consols and a few other and very trifling liens S ipp 3ing it should be foreclosed the Government
on the Kansas division ; and in addition to these new would either have to sacrifice its entire interest of 53
bonds they get a bonus in new preferred stock amount million dollars in the property or it would have to pay off
ing in all but one lust ance to 50 per cent. Tne Kansas the 54 millions of prior liens. We do not believe the people
Pacific console are to nceive 80 per cent in new bonds would sanction either one of these two steps. As for
and 50 per cent in new preferred stock, besides a fur the value of the new bonds, the plan shows that tbe
ther amount of preferred stock for the accumulations requirements for interest on the new mortgage bond
of interest. As an additional inducement, a syndicate (4 per c»nt on 100 million dollars) would be
for 10 million dollars has been formed to piy to the $4,000,000, whereas even in 1894 the net earnings
holders in the case of all the first mortgage bonds cash available for the purpose were $4,315,077, while on the
for the coupons now in defau t on such issues and also other hand the average of the net earnings for the
for the coupons (as they fall due) maturing up to the last ten years has been $7,563,669, which latter sum
time when the new bonds shall begin to bear interest, would be sufficient to pay not only the new bond inter
namely the 1st of January 1897. The stock of the est but also 4 per cent on the new preferred stock. It
TH E
684
IH E
CHRONICLE.
[V o l . L X I .
will thus be observed that there is an ample margin the Malagasy against French domination. The ques
against any possible loss in earnings that might tion, however, is now apparently settled.
result from the separation of any of the auxiliary
Politically the acquisition of the island is a gain to
properties.
France. In view of present complications it gives
her some vantage ground in the Indian Ocean. In
the event of war, Russia and France remaining on
THE F R E N C H I N M A D AG A SC A R.
terms of friendship it would give these two powers an
The struggle which has lasted so long in Madagascar,
immense leverage as against the Triple Alliance, and
and which for some time threatened to prove disastrous
especially as against Great Britain. In any war in
to France, has at last been brought to a close, and the
which France or Russia, or both, should be opposed to
French protectorate may be regarded as established
Great Britain, the Suez Canal would be in danger.
on sure foundations.
The struggle was much more
There are many who think the Suez Canal would be
protracted than the French people thought it ought to
useless.
In such a case the care of Great Britain
be, and considerable impatience found expression
would be directed more to India than to her native
through the press and in the Legislative Chamber to
shores. If Italy and France should go to war, or if
wards the close of last session. It may be regarded as
Russia and Japan should go to war, and India were
a moral certainty that the protectorate will result in
threatened, the highway to India would be around the
annexation. France does not show more willingness
Cape of Good Hope. Madagascar in French hands
to abandon her hold on territory which comes within
would furnish splendid harborage for both French and
her grip than any of the other Powers. Tunis was
Russian ships; and the experiment made by Lord
placed under her authority temporarily under the name
Beaconsfield when he brought battalions of Sepoys to
of a regency, but Tunis has no longer a shadow of in
Malta might be f mnd impossible. What would be
dependence.- It has become a French possession. In
even worse, it might be found extremely difficult to
the case of Madagascar the French Government have
send British troops to India. Of course England can do
made no promises—have come under no obligations—
wouders at sea. But spite of her immense resources
to vacate the territory at any given time or under any
there is some reason to fear that the balance of power
specified conditions.
is affected more or les3 seriously by the French acqui
It is not unfair, therefore, to look upon this latest
sition of Madagascar. Among the many possibilities
conquest by the French Republic as resulting in a
there is the possibility that the Dutch settlers in South
fresh and permanent acquisition of territory. And
eastern Africa, in the event of difficulty with the Cape
after making liberal allowance for certain inconven
Government, might court French interference.
iences, resulting largely from the climate, a most valu
England and America have both interests in Mada
able acquisition it is. Allowing continental honors to
gascar through the Christian missions, and they will
Australia, Madagascar is the second largest island in
both be watchful enough to see that the missionaries
the world, being nearly one thousand miles in length
are respected and the mission property protected. In
and eight hundred and fifty miles wide at its broadest
the central parts the Malagasy are well advanced.
part, with an area of two hundred and thirty thousand
Schools and colleges and churches abound. France
square miles, or nearly four times the size of England
will not suffer by respecting the missions.
and Wales. The island has many natural sources of
wealth. Lying off the southeast coast of Africa, in
RIO
G R A N D E W E STE RN RE PO R T.
latitudes 11 deg. to 25 deg., it has all the advantages
of tropical heat. Under proper management, the soil,
Like the Denver & Rio Grande, the Rio Grande
naturally productive, ought to yield ample returns for Western has during the last two years suffered not only
labor and care. Rice, sugar, cocoa-nuts, bananas, in from the general prostration of business interests all
digo, sweet potatoes, pepper, silk, cotton and other over the country, but it has in addition had to con
products are grown even now. Botany, geology and tend with special depression in the silver-mioing in
biology in all its shades and forms will have in Madagas- dustry arising out of the decline in the price of the
gar fruitful fields of labor. Iron and coal have both metal, the stoppage of silver purchases by the United
been found, and gold, silver, copper and lead have States Government and the closing of the mints of
given traces of their existence. What intelligent sur India to free c linage. The silver-mining in iustry is a
veying would reveal we can only guess at.
very important one in the part of the country from
It is long since France set her heart on Madagascar. which the Rio Grande Western obtains its traffic, and
Henry IV ., the famous Henry of Navarre, had his at it was feared that the effect of the blow woich that in
tention directed to the island, the discovery of which dustry had received would be very serious upon the
is said to be due to Marco Polo, and considered it to be fortunes of the property. The road did sustain im
valuable territory. In 1642 Louis X III. had the cour portant losses of revenue as the result, and it has not
age to declare it French territory. Attempts were been able to earn the usual dividends on its preferred
made to establish colonies; but every effort failed, and stock during the two years. Nevertheless its record
French influence gradually died out on the island. for this period of great trial is a very creditable one,,
Somewhat later Great Britain was successful in estab and, as in the case of the Denver & Rio Grande, the
lishing commercial relations with the government of experience through which it has passed has been useful
Madagascar; but in the case of the British as well as of in proving the strength of the property.
the French, the climate made life unpleasant, and
The annual report of the company for the year end
British influence also declined. In spite of hard ex ing June 30 has been issued this week, and it shosvs
perience and actual failure, the French hankered after that in that year of unfavorable conditions the com
Madagascar; and in 1885, after a war which ended in pany was able to earn all its fixed charges and carry
a sort of compromise, Madagascar, with the full con forward a surplus of 140,261. This result is the more
sent of Great Britain, was declared a French Protect noteworthy since, though earnings were hotter than in
orate. The war just ended was a species of protest by the year preceding, the recovery was comparatively
Oc t o b e r 19, 1895.]
THE
CHEONICLE.
Bmall. In the gros3 the addition was only $88,372, or
4*21 per cent; in the net but $19,142, or 2 64 per cent.
The total of the gross now is only $2,189,691, while in
1891-92 it was $2,643,924 and the net at $743,448 com
pares with $975,589 in that year. The Debs strike in
July last year on the connecting lines ea3t and west re
duced earnings to the extent of about $64,000, and it is
estimated that the whole of this was a loss in net, as all
the general expenses and those of maintenance, as well
as many of the expenses pertaining to transportation,
had to be kept up ; what little saving there was was
offset by the extra outlays entailed by the strike.
1 With $64,000 more net earnings the surplus for the
year, instead of being $40,261, would have been over
$ 1 0 0 ,0 0 0 .
It is also to be observed that the company had to
contend with a further decline inits freight rates. The
average per ton per mile for the late year was 1-383
cents, against 1-405 cents in the year preceding. The
decline is not very large— only about 14 per cent— and
is ascribed mainly to the carriage of a larger proper
tionate qnantity of trans continental and other lowpriced freight. Bat the important fact is that this
decline in 1895 came after large declines in the pre
vions years, and that in the aggregate there has been a
very great shrinkage in the average rate during the
last three or four years. Thus as againBt 1-383 ceats
for 1894-5 the average in 1892-3 was 1-69 cents, in
1891-2 1-71 cents and in 1890-91 1-95 cents. In the
passenger bnsiness the average per passenger per mile
had been very low in the previous year (only 1-72 cents)
by reason of the large number of through passcugers
moved, presumably in connection with the World’s
Fair, so a recovery in the late year urder a diminution
in the volume of such through traffic naturally fol
low* d ; the average for the year was 2-04 cents. In 189091 the average was 2-20 cents per passenger per mile.
Passenger earnings in the late year fell off as much as
$78,945, or over 15 per cent. Bat this follows entirely
from the decrease in through travel; in the earnings
from local passenger business there was a considerable
increase.
The freight traffic of the company shows gratifying
growth. In fact, notwithstanding the depression the
road had the largest tonnage in its history.
The
amount was 678,539 tons, which is 43,000 tons in excess
of the total for the previous year and 11,000 tons in
excess of the highest previous total. This gain in
the aggregate is made in the face of the fact that
in the case of some of the leading items of freight
the 1895 movement was much below the best pre*
vions figures. The ore traffic, for instance, reached
only 84,065 tons, against 106,435 tons in 1894 and
128,550 tons in 1893. The falling off here of course
is due to the depression in silver-mining.
It was
supposed, though, that with the depression in that
industry there would come also a large falling off in
the traffic in coal, coke, &c., the company’s most im
portant sources of revenue. As a matter of fact, if we
take the tonnage in coal, coke, charcoal, ore and bullion
combined, the loss from 1893 is found to be
less than in the case of ore by itself, la other words,
in 1895 the road had an aggregate in these items of
390,298 tons, against 377.098 tons in 1894 and 4L7.957
tons in 1893, The loss from 1893 is only 27,659 tons,
and as showing one of the ways in which this loss was
overcome we may say that the tonnage in fruits and
vegetables in the same two years increased from 24,284
tons to 67,921 tons. There has also been a decided in
685
ert ase in the tonnage in sugar from the beet sugar
works at Lehi.
President Palmer notes that the local business of the
road (freight and passenger combined) reached the
level of 1892, even surpassing it in tonnage, and both
as regards earnings and tonnage exceeded the results
of any year save the one immediately preceding the
panic, and that it came within 7 per cent of even that
maximum, and yielded over 48 per cent of the total
earnings— the largest proportion since the gauge was
widened.
It is chiefly traffic originating or ter
minating outside of the company’s line, he says, that
still lags behind. He also points out that when the
conditions which hamper that traffic and the general
internal commerce of the country are recovered from,
the company may hope for much larger profits, “ re
membering that the normal condition of all the Far
West is one of rapid growth, and that it is onr [the
road’s] especial business to supply and furnish a mar
ket for a vast section which includes what are now the
most growing parts of the United States.”
The charge to capital account during the year
amounted to only $54,587. No bonds or stocks were
issued, and the reserve also remains unchanged. This
reserve consists of $800,000 oif the company’s own first
mortgage bonds, $1,951,000 of the 1st mortgage bonds
of other companies, and $1,000,000 of Western Express
Company stock on which dividends are assured. The
company also holdB 1£ million dollars of its preferred
stock unissued in its treasury. There is no floating
debt, and the ordinary current liabilities amount to
only $690,956. The current assets, not including any
of the securities enumerated above, nor counting $285,366 of materials and supplies on hand, aggregate
$441,151. Thus the company’s financial position is
exceptionally strong, and General Palmer’s sum
ming up would appear to be justified, when he
remarks:
u It
may
be said
in conclusion
that
the prrperty
is
in excellent physical
condition, better in fact than ever before, notwith
standing the stress of the past two years, which has
strewn the wrecks of great enterprises on all sides of it
It has earned during that period about $40,000 more’
than its fixed charges, kept every engagement and
come through without any floating debt, and with a
Treasury reserve in which is included over $2,750,000
first mortgage bonds and $1,000,000 in dividend-paying
stock.”
R A IL R O A D N E T E A R N I N G S FOR AUGU ST.
Our compilation of railroad gross and net earnings
for August records moderate improvement over the
same month last year. And this accords with the re
sults foreshadowed by the early statements. We are
comparing with a month last year when there had
been not a decrease but an increase. The increase
was small, but it marked a turn in the tide after a
long and continued series of decreases. The conditions
last year in that month were somewhat exceptional.
In July of that year we had had the great railroad
strike, and in the previous months we had had the great
strike in the bituminous coal regions. The result was
that in August much business was done which had
been delayed in the earlier months by the events enum
erated— the bituminous coal roads, for instance, being
then engaged in replenishing stocks. Where earnings
were swollen in this special way last year it was of
course not to be expected that there would be any very
THE
686
CHBONICLE.
fV o L . L X I .
large increase the present year, and indeed a number ! the roads which have fallen behind, the Union Pacific
of roads have found it impossible to maintain their has $337,180 decrease in gross and $84,945 dec ease in
totals of 1894.
net, in which we see reflected the effects of last year's
At the same time we have also had the present year some poor crops, and the A'chison $77,357 decrease in gross
depressing influences and conditions. With the roads and $192,362 decrease in net. Several of the bituminous
in the Central Western belt the shortage of the winter- coal roads, like the Chesapeake & Ohio, the Toledo &
wheat crop was quite a serious matter. The falling off Ohio Central, &••., ako report losses, either in gross alone
in the wheat movement as the result of that shortage or in both gross and net. The following is a full list of
was very large, though this does not apply to the roads all losses aDd gains down to $30,000 in amount.
P R IN C IP A L C H AN G ES IN G R O S S E A R N IN G S IN A U G U S T .
in the spring-wheat sections, where the movement was
full and free. Again, many of the Western roads have P e n n s y l v a nIi an c(3r er ’ad ss e) ts. .. $ 6 7 1 , 6 0 2 R i o G r a n d e I nWc er setae sr ne .s. .. $ 3 4 , 3 6 2
P li . & R e a d , a n i l C & I .
4 9 3 ,0 0 .6
3 1 ,3 8 2
continued to feel in one way or another the effects of C h i c . M U . & S t . P a u l . . . 1 6 9 , f ) o 3 K a n . C i t y F t . S . & M e m .
C h ic , B u r l. & Q u in c y .
T o t a l (r e p r e s e n t in g
last year's general crop shortage. In addition the cot C e n t r a l o f N . J e r s e y ____ 11 24 10 ,. 50 55 32
2 6 r o a d s ) ......................$ 2 , 3 7 4 , 2 8 2
1 1 8 ,5 4 8
ton movement in the South was of very diminutive pro CM lee xwi cCa inn . CC eh ni ct.r a&l ..............
S t. L _
7 6 ,2 1 7
D ecreases.
N or .
7 5 ,5 9 2
U n io n P a c if i c (6 r o a d s ) .
$ 3 3 7 ,1 8 0
portions ; it is never large in August, but the present MB ue lxl.. ICnetae. r Rn aa pt i. o<fc
n a l .........
5 5 ,8 0 2
A t o l l . T . & S . F e (3 r ’ d s )
7 7 ,3 5 7
5 4 ,9 4 9
C h e s a p e a k e & O h i o .........
6 8 ,6 4 1
year it was smaller than usual. Altogether it is not BG ar al tni md . T&r uOn hk i o .(2. . r ’ d .s.)..
4 7 ,0 2 5
O r e g o n I m p t . C o ..............
5 6 ,6 9 7
R a i l w a y ...........
4 6 ,5 0 3
T o l. & O h io C e n t r a l . . .
5 2 ,9 8 3
difficult to understand why the increase in earnings has SWo au bt ha esrhn....................................
4 6 ,0 1 4
F t. W o r t h & D e n . C it y ..
4 0 ,1 0 2
4 4 ,7 6 a
3 5 ,9 4 4
O h io . & E a s t I l l i n o i s ____
not been large in the aggregate notwithstanding the I l l i n o i s C e n t r a l ..................
N . Y . S u sot & W e s t e r n .
3 9 ,4 0 7
L a k e E r ie & W e s t e r n ...
3 3 ,2 5 3
3 s ,229
undoubted revival of trade. The following furnishes a P i t t s b . & W e s t (3 r ’ d s ) .
L o u i s 'i l l e & N a s h v i ll e .
3 4 ,4 9 3
T o ta l (r e p r e s e n t in g
summary of the totals.
A l l e g h e n y V a l l e y ..............
3 4 ,3 7 0
1 5 m a d s ) ..................... $ 7 0 2 , 1 4 7
J an u ary 1 to August. 31.
(124 roads.)
August.
(133 roads.)
-
1805.
1891.
*
$
Increase.
1895.
1894.
Increase.
Gross earn’s 57,125,228 55,060,460
Oper. exp... 37,562,907 36,261,154
*
*
*
*
2,664,768 3-9,797,355 371,067,759 18,729,596
1,301,753 274.198,443 266,508,533 7,689,910
earn’s 19,502,321 18,799,306
763,015 115,598,912 104,550,226 11,039,686
N et
1 r ile g r o s s o n
lin e s $ 3 2 4 ,6 9 6 .
E a ste rn
lin e s in c r e a s e d $ 3 4 0 ,9 0 6
p r in c ip a l c h a n g e s in n e
I 110)*flHS6Ss
P e n n s y l v a n i a (.3 r ’ d s ) t . .
C h ic . M il. * 8 t . P a u l . .
C e n t r a l o f N . J e r s e y ____
M e x ic a n C e n tr a l
.........
I l l i n o i s C e n t r a l ...................
C a n a d ia n P a c ifi c
... .
N. Y . S uscp & W e s t e r n .
G r a n d T r u n k .........................
P b. & R ead. a n d C . & I ..
T
e a r n in g s
in
and
on
W e ste rn
AUGUST.
snu
$ 3 4 0 ,9 2 9
A t o l l. T . & S. F e (3 r ’ d s ) .'
1 ^ 6 ,7 1 2
S o u t h e r n P ^ c . (6 r ’ d s )
1 5 6 ,2 6 8
U n i o n P a c i f i c (H r ’ d s j . . .
1 1 . , 3 8 4 | L o u 's v i l l e & N a s h v i l l e .
8 1 ,1 2 2
C h e s a p e a k e & O h io . . . .
7 2 ,1 2 1
T o l . & O h i o C e n t r a l ____
4 9 ,1 0 0
N o r t h e r n C e n t r a l ..............
4 6 ,7 8 3
C h ic . B u r l. & Q u in c y . .
4 3 ,0 8 6
4 0 ,'4 2
T o t a l (r e p r e s e n t in g
3 8 ,3 3 9
2 0 r o a d s ) .....................
3 8 ,2 ' 3
3 7 .9 8 5
3 0 ,4 1 8
$ 1 9 2 ,3 6 2
9 t ', 8 6 5
8 4 ,9 4 5
5 4 ,5 9 8
4 8 ,9 4 5
4 6 ,5 4 9
4 5 ,4 7 2
3 0 ,6 4 4
It will be observed that the gain fo- the mouth
W abash ...........................
amounts to $2,064,768 or 3•75 par cent in gross and C l e v . C in . n h i c & S t . L
$ 6 0 0 ,3 8 0
S o u t h e r n R a i l w a y ............
$763,015 or 4-06 per cent in the net. I.i the previous R i o G r a n d e W e s t e r n . . .
M e x . I n t e r n a t i o n a l ..........
year the gain had beer $301,909 in the gross and
T o t a l (r e p r e s e n t in g
$1,395,757 in the net. In August 1893 the panic pre
17
r o a d s ) ............ $ 1 , 2 8 5 , 6 6 2
vailed, and then we had a falling off of very large di e rtn Tlhi te ens .e t i n c r e a s e d $ 8 1 , 0 3 7 o n E a s t e r n l i n e s a n d $ 2 5 9 , 8 3 2 o n W e s t
mensions. Tae following carries the comparisons back
When arranged in groups two groups show a small
to 1890.
loss in bith gross and net, namely the Southwestern
and the Pacific; and the Southern group, while having a
Gross Earnings.
N et Earnings.
F e a r and
num ber
tlight increase in gro?s, has a small loss in net, and the
Year
Increase or
Year
Increase or
o f roads.
Given.
Preceding. Decrease. | Given.
Preceding. Decrease.
same is true of the E stern and Middle group. The
A u gu st.
*
$
*
$
1
1890 (126) 58,74 3,102 57,4i 7,520 +1,2 >5,570 20,83 ,06* 22,015,220 -1,206,256 Southern Railway and the Rio Grande Western— the one
1891 (137) 62,474,852 59,512,861 +2,031,1)91 22,510,970 21,333,778 +1,177,192 in the S uthern group, the other iu the Pacific 0 >ast
1892 (129) 09,009,680 65,22',841 +3,785,339 24,109,362 23,553,4Sl
+555,881
1893 (130, 51,737,181 63,120.250 -8,380,009, 17,495,308 21,599,375 —4,104,067 group— both have a considerable increase iu gross and
1891 (137) 57,651,077 57,349,108
+301,909 10,080,852 18,285.095 +1,395,757 net.
I 1 the anthracite group the gain in net reaches
1895 0.33) 57,125,228 55,(>(.0,460 +2,004,768' 10,602,321 18,799,300
+703,015
Jcffn. 1 to
as much as 21’46 per cent and in the Mexican group
A u g. 81.
Iu the trunk-line group the
1890 (115) 398,132 686 103,907,093 +34,105,593 125,177,550 17,816.684 +7,360,8 16 it reaches 43’84 per cent.
1891 (122) 419,002 120 406,539,088 +12,403,032 131,315,601 124,621,876 +6,693,728 increase in net is 8 ’54 per cent and in the Middle
1892 (124) 476,601,12' 447,963.124 +28,037.096 14 4,227,251 139,8 7,233 +4,370,018
The latter group would
1893 (125) 428.613.237 427,788,813
+824,474 120,914.05s 131,550,595 —4.63*3,037 Western group 4'92 per cent.
1894 (127) 350,397 86 117,234.738 -00,830,876 102,314,382 120,014,088 -17,699,706
1S95 (124) 389,397,85 371,’ 67,759'+18,729,596 115,596,912 104,5 9,220 +11,030,680 show a loss except for the large gain on the Pliuois
Central. In the Northwestern group the gain iu net is
The Pennsylvania, which is deriving such important
7'53 per cent, aDd this follows chiefly from the increase
benefits from the revival in trade, and particula lv from
the great activity of the iron and steel trades, leads in on the Chicago Milwaukee & S'. Paul. The Burling
ton & Quincy, the Chicago Builington & Northern
the amount of gain, it reporting $671,602 increase
aDd the St. Paul & Duluth have sustained losses.
(Eastern and Western lines combined) in gross and
Gross Eam vngs.
N et Earnings.
Se c t io n o r
$340,929 increase in net. It is noteworthy that this
Gr o u p .
1895.
1891.
1895.
1894.
In c. or Dec.
follows a large increase last yea>-— $419,470 in gross and
August.
8
. o.
3
*
*
$773,748 in net. The S'. Paul reflects the large spring Drunk l i n e s . ( l l ) 16,300.443 15.370,119 5,771,400 5 ,3 1 7,1 -4 + 4*5 4 ,2 4 6 P8*54
+ 2 7 9 ,7 1 5 21-46
wheat movement in the Northwest and shows $169,908 \ n th ra . c o a l . (7 ) 5,846,701 5,181,Q89 1,583,131 1,303,41
E a s t. & M id . (16)
2,571,306
2,457,286
1,021,683
1,041,440
-1 6 ,7 5 1*01
increase in gross and $196,712 increase in net. Here, vtid. W e s t Jn.(2 7) 4,847,921 4,813,608 V 0 I .8 S O 1,580.797
+ 7 8 ,0 8 3
4-92
V orth w e s t ’ ri.. (8)
6,825,936
2,697,825
2,508,906
0.422.681
7
58
+
1
8
8
,9
1
9
too, there had been an increase the previous year— lo u t h w e s t ’ n (1 4 ) 4,699,047
1,469.200
1,210,822
4,f 51,220
— 238,474 16-23
$85,235 in gross, $185,060 in net.
The anthracite P a c ific C oa st(1 7 ) 8,322,38* 8 .0 J2.786 3 ,000,78'' 3,151,7*77
—90.78P
2-88
s o u th e r n ___ (29)
6,095,919
5,990 479
2,017,05
1,918,145
- 6 8 ,0 0 5
3-41
roads in August 1894 had been distinguished for M e x i c a n ........(4 ) 1,415,309 1,2 2,285
1.80,047
+ 176,9 77 4 1 8 4
4 0 3 /7 1 )
very large losses. The present year these roads have T o t . . (133 r ’d s ) 57,125,228 55,100,460 IP,062,321 18,7 99 ,3)6 +76..*,015 4 0 0
some noteworthy gains. Tire Reading (including the
Ian. 1 to A ug. 31
Coal & Iron Company) reports $493,505 increase in Drunk lin e s. .(9 111,500,198 101,291.138 82,050,251 28,220,142 + 4 ,4 24,1 f 9 1 5 6 8
gross and $43,086 increase in net, and the Central of A n th ra . c o a l . (7 ) 41,223,487 39,178,551 10,015,720 9,129,567 + 8 8 6 ,1 5 9 9-70
E a s t . & M id .(16) 10.324,234 14,433,001
5 ,1 9 ',1 8 4
+ 5 9 4 ,8 2 0 1 2 9 3
4.698,361
N iw Jersey $121,553 increase in gross and $156,268 in vlid. W e s t ’n.(25> 30,983.821 28,170.727 0,200,384 7,363,779 + 1 ,8 3 0 ,-0 5 24-94
N o r t h w e s t ’n . ( 8 ) 43,7 8 ,491 45,178,000
1-50
15,4 <*,536 15,163,417
23 7,1 19
crease iu net. Among roads elsewhere the Mexican S o u t h w e s t ’n i l l ' 35,552.265 33,8 76,539 8,369,408 7 ,37",972 ++ 99
8,4 06 13-55
Central has $1 18,548 increase iu gross, $114,384 in P a c ific C o a s t (17) 57.815,839 57,924.890 18.132,375 10,K84,7*6 + 1 ,2 1 7 .0 >9 7-39
41,459.429 40,783,052
S o u th e r n ...( 2 7
— 119,802
099
11,940,214 12,0*0,016
crease in net ; the Burlington & Quincy $140,052 in M e x ic a n ........ (4> 11,152,580 10,225,102 4,093.774 3,762,223 + 93 4,5 51 2 4 8 4
crease in gioss but $30,644 decrease in net. As egards
T o t .. (124 r’ d s) 389,797,355 371,067,759 115,598.912 104,559,226 4-11,089,880 10-5 a
October 19, 1895.]
THE
687
CHRONICLE.
The follow ing Is a list o f the roads included under each group in The
foregoing table:
Middle VCc*tem—(Con.') So. Pacific.—
Trunk L in t a.
Gal. Har. A S. A.
Illinois Central,
B, A €>., East of Ohio,
Louis. Western.
indiftra Dec. A W.
B. A O- Went of Ohio.
Morgan’s La. A T.
Cier. Ctn. Chic. A St. L. Iod. 111. A Iowa,
iron
Hallway.
N. Y. Tex. A Mex.
Peoria A E
Texas A New Orleans
Grand Trunk of Canada. Kanawha A M chigan.
Pacific System
Lake Erie A West.
Chic. A Gfl. Trunk.*
Eyansr.—
A
L. Union Pacific-U. P. Ry.
Detroit Gr.Har. A Mil. LotUsv.
----- --------------Ore. $h. I.. A Utah Nor.
Pennsflv, East of P. A K Loni-v. N a . A Chic.
St.Joseph AGr. Island.
West of P tis. & Erie.: Manistlque.
Kan. Ctt» A Omaha.
Pitts. Youngs. A Ash. Ohio Southern.
Central Branch. Ac..
Pnur*a Dee. A Ev&nsr.
Wabash
Atch’n Col. A Pac.,
.-infhracife Coal
Pittsburg A Western.
SeruiAtm Hr*aa*
Central of NewJerser. Sag. Tus. A Hnr.
8ag Valley A St. Louis. 'Allan a A Wesr Point.
N. Y Ontario A West.
Carolina
Midland.
Toledo A Ohio Central.
N. Y. Susq. A West.
Central of Georgia.*
Tm. Peoria A W.
Paso. a K-ading.
Wheel in.- A Lake Erie.* Cberaw A Darl ugron.
Coal A Iron.
.VfrrtAwestern.
Chesapeake A Ohio.
Summit Hrat on.
Bart. Cedar Ran. A Nor. fCae*. Ohio A Southwest
L*Aen* ^al foal.
G-tdsdeu A Attala Un.
Chic. Burl. A North.
Em tern and Middle.
Geonrla.
Case- Bari, a gainer.
Adirooda- k.
[Ge »rgia A Alabama.
Chic. Mil. A St Paul.
Allegheny Vadey.
Ga. 5H>utr»ern a Kia.
Iowa Central
Batutor A Aroostook.
Golf A Chicago,
Keokuk A W stern.
Brooklyn Elevated.
jj *ck- Tampa a K. W.
Minn. A St,
Buff. Koch. A Pitta.
Kau. City Mem. A Bir.
Csncfien A At‘>«nftr
St. Paul A Duluth.
1i.exlngt<»ii A Past.*
Cum norland Valiev.
!L o u is v ille a N uanville
Ho* sac Tun. A Wll.
trkaosas Mid and.
Lou!*i a Pex.
Jam ?i(-wi! A L’ fce Erh Ate- . I op. A -anta Fe. ILouie,
Macon A Birmingham,
St. Louis A <*n *•ran.
Northern Centra .
Memphis A Charleston.
Allan*lc A Pacific.
State}' I*l»fid H. T
Nash
Chat,
a St. 1,. u *
Stony Ciore A C. Ml
Crysta .*
Denver A Rn» **r.
New Orle-SQS A 8o.
Fitter A D** aware.
W*..- J».r^e A Branch®-. Ft. W h A Deo. City.' •**hlo River.
Western Aid.
lionstoQ K A '•*- 'Texas. Ohio River A Charles,
i Petersburg.
Western >. V. A Peso.
Kan, C. Ft
A Vtern.
Rich. Fred. A Pot.
Middle ir r r fm t
Rio -irande 5k***thera.
I lt»ch a Pet er^ourg.
Clilc. A K. II * *
San Ant. A
Pass.
Southern R . Uway
Ct»K\ a We-** Mtefc.
Sllverton.
T - x . Sab.VaUt N
’ .W w l * Weste u <*f Alabama.
Cln. Jack A Hack.
Cln. Ports. A Virgtrua.
West Va. C A P.
Cn. Pac. Deny A Gulf.
r*<ict!ic Onift,
Ciev.C;»nu*ft A Soatb'n.
j Wroffcu*. A Tenniile.
I
Naxtaxn tioao*
Canadian Paeinc.
pet. f-ao* a
M#x»ctui Central.
N e v a d a C e n t r a l.
Det roit A Mackinac.
JElirlu Joliet a Eastern, DregO't lmur *«em«ni C*\ 'M«jrieao International
flint A Per* »i*»rq
Mexican National.
Rio Grand** W w r n .
Grand Rapid* A Iod.
San. Fran. A North. Pac Mexican, Northern.
g s io t ije t a u t T fO v o m m c r c t a l^ u g U s ix g c t D B
[From onr own correspondent. 1
L o n d o n , S a t u r d a y , Oct. 5,1895.
Uneasiness has prevailed all over the Continent, as well as
here, throughout the week, the rioting in Constantinople
being the chief cause. The Sultan dreads nothing more than
the collection o f even a few people. So far does he carry his
apprehension that he will not allow even Jfahommedans
themselves to assemble many people in their ow n houses in
Constantinople. The demonstration of Armenians carryin g
arms was, therefore, a great shock to him. U nfortunately
the JIahommedan students have been m aking counter-dem on
strations and have brutally attacked peaceful Arm enians.
Great excitem ent is reported to prevail at the palace and the
Grand Vizier has been dismissed. His successor is believed to
be a statesman of far breader views and more liberal tendencirs. The general impression is that the Sultan will feel it
necessary to com e to an arrangement with Great Britain,
France and Russia; but at the same time there is much
anxiety at all the foreign offices.
Rus-ia, too, is strengthening her military forces on the
frontier of China, and it is said that Japan is rapidly increas
ing her armaments. The Briiish ultimatum to China has
added to the general sense o f m secuiiiy, though happily
China has given way and the British demands are all con
ceded. Over and above this there is much dissatisfaction in
France at the tediousness and cost, as well as the great loss o f
*For month only.
life, attending life Madagascar expedition ; while the liquida
tion in Paris at the beginning of the month, which has been
M R . B A L F O U R O.V B I M E T A L L I S M .
going on all through the week, has been a very difficult one
W e ha<*- l»en request* d to publish Mr. Bailout's lettir in
ex plat ati*r of bis remarks in the H iu se A C*utnm ors declin and has shown a dangerously large “ b u ll” accrunt, es[>ecially
in the mining department.
ing to pi dge OoTernnuBt action in the matter of convokin g,
Ou the other hand, money remains exceedingly abundant.
anoth, r monetary roof- rente The l.-tter is quite old new,
but we M »e H, a* R may pr jve useful for refeience to many For the liquidalion in Paris there has been some scarcity, due
rather to the unwillingness of bankers to lend than to the
o f oar teadtra.
want of funds. But heie in London the accum ulation o f un
“ 10 Downing Street, Sept. 1.
" T ear S ir :—I know not why ;»■ r*»M In to rcte d In the mihjeot should employed eapi al is so great that there is actually some foolish
be, a* you w y they are. * perplexed at luy «np|H,.e*l change o f nttttndc ' alk of a proposal to stop the free coinage of gold at the M int.
toward* the ipim ltuo **f International iUuietatlUiii.’ for n<* *ucti change The proposal o f course is preposter.ua and would not be
o f attitude Ire. taken place. The term* o f my un*wer In the II»u*c or
listened to ; but it shows the temper o f the city at the mom ent.
Common*, which tot- given H «■ io *o much imneee*»ary discuodon, expUeltly stated opinion* which I have lou g held, and which I thought Some impression too has been made in banking and discount
that all MmetaUbtt* held alw,. The n ew er w«, tyxinaily »* follow*. ing circles by the refusal o f some of the great banks to take
(t contn ine for
escpjt t the f I ha v»i tmm
hills drawn by important Continental banks upon their
branches in London. The hills are believed to be for the pur
( 81a, a* 1! have * eas t b«
m b iu t a ro r o f Intel-nationnl
pose of financing mining transactions. No danger has bpen
acr©<‘i:u<m%$
incurred ; indeed, the bills are secured by the pledge of really
nor
* 2j t hittve no' light i ptedxe my ootU'i IKUttMOlit the •
“ f3) H aire I airiy #?rr»i
for t hi nking t
pvei& r ut would go d securities, and the incident will soon be forgotten. F or
at th**
the moment, however, it has added to the general feeling th at
** (if A mleeiMt abort!' co lift ntnioc won:1»3 be a *lerlmt. ml«foirtune.
**Ku ui be r l It a mere r«b-etitiim'ration of my beiii•f in itif? UllvantUKUM o f the mining b oim has been carried too far.
The India Council on W. d n fs la y offered as usual 50 laklis
» o tot*
tin lull airrecrne
1* a state ment wltiich I liave cninwtaiiily
made tie tot?a la jrtthlle ; i »WH.itr<* to be ■eU-cvl<Sam* It is only a» re- of rupees in bills and telegraphic transfers, but sold less than
the *ubj<*vt <lenit with iii 3 thiit amy diflt irence o f otitalou iimj- 38 lakhs, as It refused to dispose of any below Is, 1 lfi-3SdpOMAltl ir »<! fOHIlit among bimeta Itteu,
per rupee and the market was not willing to pay as m uch.
** In luy ) Ull KMncnt, h rever, there t» btit little i»ro*iwet (*f a confer111!K nnle*« thto p r e rtiniealA who are■to la. r*?preis©tiled «t The C until has sold wonderfully well so far and has n ow
mm «
ft com e t*i>*ornei kind fi•f iiiti iimb r-taodln K on the■maini ]toinU sit iaaite command o f sufficient funds. It has thought it prudent,
before the ennfirremMS a*McmbUw* X o tmi’ ll uid b*r«tnndh»K, imfortu
therefore, to wait a little while, as the active export season is
natH>' , at
nt e xh«tx . iiml iin til it doie# ©xla
c would rapidly com ing on.
The silver market is firm, though tin ro
probaibly ifo nioim tmruii than fo< <L
is not much doing for the Far East,
o X remain, youra Xaithfnliy,
The Stock Exchange has all the week been under the influ
" A hthcr J ambs B a l io o h ."
ence o f the P*iri8 settlement. Several o f the banks not only
in Paris, but in U- rmany and Austria as wi 11, have been en
•*.So c sd Ct RRF.ycY lLl.rsTR.tTED ” —The Reform Club’s abling their customers to buy mining shares in London od an
Cr imnittre on Sout d Curtency ha* just i»>ued a p*m phl,t
ut ique in ebsrseter and of |« culiar inlf rest—*•Sound Cur immense scale by drawing bills upon their branches here; and
rency Illustrattd.” If cotsists o f rrniints on n reouceil scale as the banks here now refuse to take the bills it would seem
o f k me t i * 'y of the illustration- us,d by ihe committee dur that for the moment there has been some diffituky in finan
ing the pss- summer, in the plate and brotidside matter fur- cing the transactions. The banks, however, are all sound, and
nirKed by the million copies to rewspapers in ali parts o f the
some of them at least aie admirably managed. They have
country.
th e BiHe. Mother G, ere, Shakespesrp, Pilgrim’s Progress, plenty of securities therefore on which to obtain any fun da
ami many sno'her rrost familiar work, are drown upon ad they require either from Ihe B ink of France or elsewhere,
lib itu m I . r strong, taking and timely sketches—Beard's Uncle
and the a IT.ir will soon be settled satisfactorily. H iw ever,
8 »m a. Ply n m ; U» Free Stiver Advocates as the Gadarene
Pigs dttven into the sra by the Devils of Populism. Anarch for the time being It has undoubtedly added to the difficul
ism. Cotr mur i>m, Ilemagr gttery, etc.; Eddy’s Uncle Sam's ties o f Ihe liquidation in Parii. Some of the usual lenders
Lucky P itri ;C olm a j'»C om p sri»on of W aves on the Two Stand- there have not advanced as much money as hitherto, and the
ards ; R tm j'* ’ Bi-metallic” See-Saw j W ood’s Dog in the weaker “ bulls” have been in conspqu-nce obliged to sell.
Manger, * td Beard’- Five Little Pigs, sem ing as a tail piece,
The principal fall has been naturally in mining shares. But
being but » few o f the more chBiacteristic f xamples.
Ih e chinks between the illt straliona are filled by accom- ! at the decline there were plenty of buy* rs and the market is
nsr ying legerds and -hort. piihy quotations ; while for the bilieved now to be in a much healthier state. There has been
benefit o f thrse wishing to utilize the sketches either for a corresponding decline in London. But. considering h ow
n* w fpaper <r cartoon w otk. tch* dule and price list are given.
1 h, pamphlet may he <h'furu.cl by sendit g five cents to the j extraordinary the rise in prices has been during the past
twelve months and how vast the speculation has been, especiReft Ttu Club. 52 William Street, New York City.
088
THE
[VOL. LX!,
(JIIRONIOLE,
ally (lurin g tho past three or fo u r m onths, if Ls HurpriKing that
1895.
1894,
1803.
1392.
w . prlso wheat we«k,23s. Od. 19.,. 8d,
20s. 9d.
23s. 4d.
llir fall him boon no Hllglit. Tho w eak now o f th o m arket has A
Avorngopi’loo,season..22 h. lOd.
21s. Id.
25s, lid ,
29s. Od.
boon inom iw ed b y Uio absence o f the groa t J ew ish operators,
The fo llo w in g show s the quantities o f w heat, flour and
o w in g to fresh, Jew ish h olidays. F or a w eek or tw o a great m aize afloat to the U nited K in gd om :
Thu « « * .
L omI W . K .
1804,
i H93.
m an y o f these h olidays have o ccu rre d ; and the absence o f the
Vlieat.. . . . . ... .(.(re. 1,897,000 2,020,400
1,043,000
2,6 23,0 00
J ew s malum an im m ense d ifferen ce in the puroiiiiidiig pow er Flour, equal to qrs.
317.000
230.000
155,000
386,000
601.000
788,000
308,000
825.000
........ ..(irn.
o f the L on d on S tock K xoh an ge and th e Parle Bourn),
in tern ation al wemiritles have lik ew ise been w eak, especially
iS itg iln i, ( 't i i a n c l n l * I n r k o t « — P e r P a b l o .
Spanish, m ainly o w in g to the I'nr in HutUoment and the politT b o daily clo s in ': q u ota tion s fo r securities, & e., at L o n d o n
oul in ciden ts referred to above.
T h ere line been a decline
arc reported by ca b le as follow s fo r tho w eek en d in g O ct, 18:
also in French rentes.
F or a con sidera b le tim e past the
French Having)! bunks departm ent, httfl been Helling. , N ot
Turn.
L on don,
S a t.
M an.
We<l.
T fm r « ,
m .
m u ch attention watt paid to thin until it wan fou n d thin week Sllvo', per 02 .............,(i.
ill %
at ks
81%
3018)0
30%
a t the settlem en t th at this su p p ly o f ronton hud g rea tly in- Oonsois, new, 2% p. otii 107 hi 107),e 1.076,,, 107% 1077,, 107%
.For aooouHf,,.............. 107)11 1071,,, 107%) 1077,,, 1077IB 107%
oreuMed. Tim coat o f the Madagntioar exp edition is em phu liVch rentes (in E'arls)fr. 100-05 00*37 h. 100-40 00-4*4, 00-37 % 100'37
22
22%
Aioli.
T o p , Sr, H. Fo........ 21%
22%
22
22
n t in g tile declin e, fo r if in k n ow n that la rgo huiiim will have
0W
02
62%
O m iiM ilm PaolJio...........
62 %
62
62%
1.0H*
to Im voted. If in estim ated , th erefore, that tho floa tin g debt ClinHATionlcc * Ohio....... 10%
!9%
1 '%
10%
19%
7H%
79%
Ohio, Mllw. A-tu. Paul.
79
73 “«
78'4
73%
w ill ho so increased that there m u st bo a fu n d in g operation Illinois Central............ 103
103
102%
108
103
1.0 i
i :>s>
Lake Shore.................... 1.5Us I'.l'n 155
155
155
before v e ry long.
64
68%
Louisville & Nashville,.. 63*4
m
03%
02%
T h e A m erican m arket has been som ew h a t stron ger in spite Mexican Central 4 n ___ 72%
72%
72%
72%
72%
72%
Kao, St, T a x , ooiu.... 17%
17%
17%
18
17%
17%
o f so m any adverse Influences. T h ere is a fair a m ou n t o f in Mo,
N. Y. Central & Hudson 105
105 M 105
104% 103% 1 1)310
12%
12%
12%
11%
IP's
vestm en t in g ood bonds and there is som e little specu lation in N. Y. I .alio Brio & West. 12%
2<i oohhoIh.
.... ...... 80%
81
BO
80 %
80*
80
shares, b u t th e cu rren cy u ncertain ty is still w eig h in g upon N. Y. Out. & Western..
19
18%
1.8%
19
18%
18%
iA \
14%
Norfolk A, West’ ll, prof 14%
15
14 %
15%
th o m ark et. The belief is very general here th at the g o ld NorUn'ini
Patvlllo, prof.. 19%
111A
19%
19 %
ID>4
19*4
57%
57%
58
57%
57%
shipm en ts have stop ped for a w h ile; but it in feared that they Pennsylvania........... .
57%
10%
Phil. & Read., per share 1.0%
10%
10%
10%
10%
m ay begin again at tho end o f the yea r or early in the new Southern Jty., com ------ 12%
12%
12%
13'«
13
12*6
y e a r. A n d w hile such a fear brute there can not he very great
39%
39
do
pref’d ............. 89 >s
30%
30%
39*4
15%
Union
Ps'ittto.................
1.5%
10
If)
16%
1
5 *4
a ctivity in Uio m arket. U n d ou b ted ly , how ever, there is a
WfrftfWh, prof.................
22%
22%
2 ,ih
23*4
23
23 >e
b etter fe elin g and m ore in clination to deal than fo r som e
tim e past.
® rtxnxcKclaLiixd JlfctsceUatxeaxis Hexus
T h e rates fo r m o n ey h ave been as fo llo w s ;
0
intr/rait attomiit
for tUpoMta by
Opm Mn/rkek liatm.
UnuMn.
1
Site.
Vlmw
Vow
/)font hit Monthit Month)
11 10 %-VhUS
2
M
Sopt*
“
i 8 M 1M0 H-ltUU Uh U
20 a M-H-lil u - johh m m
" 37 8 U i.i i.o it xo m m
it-10
4 a
(MO'jtf M- V'UW
1
IHm ’ I, true
Joint
r,<.:
Htook At. 7 to i. i
Three ifowr
Month! Month# Month# JJankH, <HU. l)aHJD,
Jon1/{
VA
m
VA
i (ftlMi
m i
t
l
t
•mi
VAttoi «
iMwikf
lUmVA
%
%
%
H
>4
%
H
%
H
tx m o t _ J £ _
%
H
H
R
H
T ho Hank rate o f d iscou n t and open m arket rates at tho
ch ie f C ontinental cities h ave boon as fo llo w s :
Oat i .
ttattui of
Intercut at
.......................
Iljtiii bui’f/ ....
irmrilt furl..
AmsliOfdiitx)
BruuMoitt
Vlonno. . ...
Hi. Fot-oi'Mhur^.
Madrid
<Jot)«i)}nuom..
Hank
H ate
a
»
a
a
*«
m
0
0
0
Hapt.,
opm
t< i
m
»A
W
m
m
m
m
0
0
HR
N a t io n a l Ha n k s . - - T he fo llo w in g in form a tion reg a rd in g
national oank.-i ia fro m the Treasury D epa rtm en t:
7ra<U BUtih
Hank im ,.
Hank
tta tf,,
•A
#
0
a
27.
Open
Martel.
IM
»A
•m
m
m
IU
m
5
0
0
0
r#
5
BepL
20.
Hank
U aU ,
Opei'
Mark*)
%
a
1!4
m
m
m
m
m
it
8
m
'A'A
6
0
0
0
5
ft
m pt
18«
Hank
own
H a te . M arket
a
u
a
m
m
n
*«
■m
m
m
ft
0
ft
Hi
*H
ft
6
NATIONAL HANKS OUOAW21CI).
5,010—Tim Dapnait National ILinlt of Du Bole, Pennsylvania. Capital,
SIOOhioO, Reuben II. Moore, Presldeut; N. f. MoGroigUt,
Cashier.
6,020 . -Tim First National Bank of Britt, Iowa. Capital, $ 10 ,000 .
biiwl* Larson, Cashier.
5,021—'Tho First national Bank of Alexandria, Louisiana. Capital,
geO.OOO, Thomas Clements, President; A, Wottormark, Jr.,
IN LIQCTDAttOtr,
8,924,—'i'ha First National Bunk of Tower, Minnesota, has gone into
voiunta*y IloulitaUon by row utlon of its uookbolders, dated
Hen!mnhnr 1.2, to kike effoot Ootobot' 1.1895.
4,748.—'Tim Id fill N itlonal IS ink of San Antonio, Texas, has gone Into
voluntary liquidation, by resolution or Its stockholders, dated
May *1), 1804.
I m ports an d E x p o io t f o r Tint W aiac. - T h e fo llo w in g a re
th e Imports tit New Y ork fo r the w eek en d in g fo r dry g o o d
O ctober 10 and fo r the week en d in g fo r general m erch a n d ise
O ctober 11; also totals sin ce the b egin n in g o f the first w eek
in January,
imiUIlON IMPORTS AT Sllff ro a n
fo r Week.
Dry (loodH......
fleu’l mcr’ dlse.
1892.
$1,838,570
11,523,738
1893.
$1,279,018
5,600,030
1894
$1,730,407
5,825,901)
1895
$2,528,702
7,735,209
m
m
m
m
m
m
Mm
Total......... $13,362,308
$6,939,037
$7,565,408 $10,264,001
S in c e J a n . I.,
T he fo llo w in g return shown the position o f the Hank o f
$103,711,74,2
$1.01,750.587
9(10,531,987 $1.18,385,881
Dry Goods—
E n gland, the Hank rate o f discou nt, tho p rice o f con sole, & o., Geu'l Dier'dtso. 351.427,139 314,761,118 272,372,154 292,5 75,376
com p a red w ith the last three y e a w .
Total 4 i weeks $453,1 77,720 $150,472,860 $341,924,14 1 $410,001,257
181)0.
iSiM.
1808,
ifldB
Oct. s,
Oct, ».
Oct. d,
oct. B.
Tho im ports o f d ry good s for on o w eek la ter w ill lie fo u n d
i!
H
X
i,
OlnmluMim... ..................... . 87,1111,036 00.0-18,800 80,001,000 27,1811,745 in ou r rep ort o f tho d ry good s trade.
The fo llo w in g is a Btatemant o f the exp orts (uxolusivo o f
I’ llbllo deposit)).......................
8,788,789
4,DU,MB 0,688,895
0,071,070
Other deposits............ .............. 47,601,300 90,443,1170 89,878,807 88,11)5,940 specie) from the port o f Now Y o rk to foreig n p >ri;s fo r th e
GovWhinent seourlMeti.............. 14,8*5,088 18,887,0 IH .18,887,51)8 15, >57,955 w eek en d in g O jto b o r 15 and from J a n u a ry 1 to d a te:
Other seenriMe* ........................ 85,940.778 l»,«l8.310 31,747,504 85,08#,516
KXCOKTH IDIOM Nil)W VOItK VOS TUB W1DHK.
Reserve of notes and eoiu........ 118,499,800 87,894,789 10,051,499 18,1.60,805
Oolu & bullion, both (lopsHiu’Is 48,778,915 97,456,039 30,705,999 80,800,010
1802
1893.
1894,
1895
Prop.reserve to liabilities,.p, o.
BUM
0554
■1614
11%
For the week..
$7,''88,O50
$5,883,033
Battler.ltd................... pnrount.
3
8
8 + 3
$5,768,603
96,508,617
Prcv.reported. 301,382,296 288,563,237 281,8 10,975 230,719,581
Consols, 394 per nonl............
10711-18
10114
1)814
1)71.10
Bllver .................................... 80U-1M.
*891.
1I3J<4.
UKigo,
Total 41 weeks. $307,150,799 $205,651,286 $288,349,502 $205,002,014
Olenrlniettouso returns.......... 198,104,000 148,034,000 143,764,000 158,193,90
r October 4,
$ Ootobor 6.
The fo llo w in g table sh ow s tho ex p o rts ami im ports o f s p e c ie
T he fo llo w in g show s the im ports o f cereal prod u ce in to the at the port o f N ew Y o r k fo r th e w eek en d in g O ctober 13 a n d
United K in gdom d u rin g tho first fo u r w eeks o f the n ew sea since J a n u a ry 1, 185)5, and for the corresp on d in g periods in
son ,com pa red w ith previous s e a so n s :
1894 a nd 1898:
iMi'OKm
tlllCPOUTI AND IMPORTS OP SPBOIH AT WWW YOU1C.
1BOR
4804.
1893
1892.
(1,003,809
tin ports o f whcat.owt. 7, l so,400
5,783,780
0,247,(523
Im portit.
Export).
2,199,503
Barley..............
a, 220 ,(ho
2,424,987
1,762,592
Gold,
1,280,048
Oats........................... 1,318,880
1,194,091
1,198,4 14
Since Jan, l .
S in c e J a n . 1 .
Week.
Week.
107,010
Peas ................. . .
214, *00
1.41,339
147,074
Beans........................
1107,570
400,077
491,823
(110,524
$38,811,080
Croat
Britain..........
$ 1 5 ,8 3 6 ,0 2 1
"$94,897
Indian corn............
k,
41)0,1)00
1,814.900
2,519,023
3,327,249 France......................
13,808,082
4,003,988
Flour........................
l , 84)9 800
1,013,459
2,11.8,372
4,689,678
8,838,086
1 ,6 2 7 ,1 9 1
Germ any................
Supplies available for con su m ption (ex clu siv e o f stocks on
west trillion.............
$90,710
40,421
920,711
7,656,503
Mexico... . ...............
51.463
Septem ber I):
south
A
m
erica.........
30,000
1,032,854
2,830
553,012
1895,
1894
1893.
1892
5,497
............
261,488
7 6 ,6 1 0
Wheat Imported.owt. 7,100,400 6,603,802
5,783,780 6,217,023 All other countries.
2,118,372 1,012,159
Imports ol1Hour........ 1,399,800 1,582,078
Total 1895.
$126,710 $69,008,098 $143.1(48 *23,680,506
Halos of homo-grown. 1,235,871 1,294,799
2,043,705 1,550,506
Total 1.894,
11,000 84,303.946
2 4 9 ,1 2 1
1 4 ,5 6 3 ,4 5 1
Total 1893
48,210 70,148,537
64,984 5 6 , 9 6 7 , 4 1 5
Total...................
9,795,571 9,481,279
9,945,917 9,419,048
THE
O c t o b e r 19, 1895.]
Import*,
Mscporlt.
Silver
Croat Britain......... .
F r a n c e ................... .
G erm any---------- . . . . .
Week.
Since Jan, 1
f « 2 t.8 U
# 2 8 ,5 3 8 ,0 7 2
.................
O.lrtH
#10,3911
8,915
3«i
7 0 2 .7 9 7
3 1 .2 3 2
Total 1895.,..... 1
# 6 2 1 ,8 3 5 # 2 9 ,1 3 3 ,1 1 3
770,152
610,777
Total 1893........ 1
#55,572
3,151
1 4 1 ,1 7 1
Sooth America .......
All other countries. j
Total 1894..........j
Since Jan j
Ween
16,142
...... "ii
Went (adieu.,...........
*19.311
25,803
44.684
27,535.008
2 *0 49,8 22
330,098
3x0,126
698,821
20,328
#1,491,1-07
1.399,435
2,995,618
— Mr. Jacob Rabino, Jfo. 3 Broad Street, offer#’’ South St
North Alabama con«< 1. 5 per cent gold bonds, duo 1086, in
exchange for Louisville & Nashville 10-forty bonds, which
are called for redemption February 1st. The South & North
Alabama forms part o f the main line o f the L. & N., which
guarantees the bonds, principal and interest,
—“ In rent merit Laws,” by Albert Hale, Jr., 8 8 Beacon
Street, Boston, is a very convenient little manual o f the laws
throughout the greater part of the United States governing
th e c la -s e so f securities in which saving* banks, trust corn
panics, insurance companies and other institutions are allowed
to invest their funds,
—The monthly uuotation circular of F. J. Lisin to, October
issue just received, is especially full in quotatio ii of in
active stocks. Copies may be had at Mr. LUtnau’s office,
No. 10 Wall Street, New York.
H r c s liiu lla F igu res W rought F rom Page 7 1 7 . -T h e
statements below are prepared by us from the figures o f the
New York Produce Exchange, We llrsi give tb« receipts 1 1
Western lake and river porta, arranged so as to present tl e
comparative movement for the week ending Oct. 13, 1896,
and since August 1. for each o f the last three years:
tUtfhpf* *tr~ 1 n ow .
(J-yrn.
Wtuat.
(MU.
IfusKJVHJis HusAb#ltn JmAJtii/.
73 Slri
7A490
H2.780
Wwseukm..
O n m h ......
MinriMMprdiai
To.I«4o.........
DrAtnit -----Cisveiaed..,
Hi. Utuim----Teen* . ...
KaoMMCHy.
WM...... ..
Wktti........
l« l> 0
91.716
10.1Hi
** ■
m tM 't
Ily*
fhsjM U..
i.m .) 40
M8.09)
85.360
69M H
919,815
UMU79
»**,./
*9.660
0.f9»>
•Vt1.000
796,199
toy,ten
61,109
«* .
aM9»«7fi
S.tlHt.701
in.if4.M1
3Mt.OSi* m jm h'dm 37.4#llWb M 4»>,7«3
A*446^6A
m jm
*t*i,*»
7.797jdiS
4 .^ 'jA i
M 3M 9f
62,T9*
44J86
20,307
6,600
*r.ot«
I J it
fi.170
409.160
M4Ntv«3d
iy x .w s.te
■aw «k.'V4.
* k,V3.
kw* A«d*/. i*
ere.
8*179
MM
9«MM
fleu»o
IMriet
Bush.4 K1.
•
1017648
1 M I9 )
U66.0M
am «
Um ,
438.199 *
&«VUK0
3« 4 A « »
% jm fn s
B89
CHRONICLE.
9.169
i.tuy
146*814
77«616
90 860
Oats
biuh.
080,000
0.000
60,000
401,000
bush.
f s e
14.000
80.000
2,162,000
(Jam,
bush.
177.000
7,00')
18,000
827.000
132.000
16,601.000
8 ,9 8 1 * 0 6 6
cb¥,666
101.000
8*5*7,666
i 13,066
51.666
im2,’«>66
■26,666
*77,666
082,666
Wheat,
bush.
-n store at—
N e w Y o r k .........
DO
A llo t t .............
A lt ) t u f ..............................
I t i i U t l o ........................... ..
Do
atl< a t . . . . . .
cuiiawo. . .
.................
l ,963,000
01,000
Do
Atlor t . . . . .
M l l * » a k f t < > ...................... ’
<)<>
ttllOhfc.......
D u i U f a ............... ...............
HO
A tlO n t,
T o l e d o ..............................
612,000
6.407.000
1 .012.000
826,000
426,066
*60.666
Do
itMofi t
. ■
D « t * 0 t ..............
Do
atiO Jit.............
_
' 46.066
Hyj.oon
OHW00O.....................
Bt.
............... *
Do
a lU m t .............
..... .....
82.000
» o t o , ............................
260,000
M o n tre A . . . . . . . . . . . . . .
9 8 9 .0 0 0
P h U i d e l p n U ...............
R
im,060
P o 'flt t ....................... ..
1 8 7 .0 0 0
i n ll f t iif t o o t l s
066.000
K d i 0tt« C it y . . . . . . . . . .
6 4 1 .0 0 0
H u P t m o r * . . . ...............
M in n w tH K .ID . ............... 0 ,5 1 4 .0 0 0
O n H lt«i«A lp p ) Itlv or.
On
L « k iM ..
T otA l O ct.
12 ,
T otal OfU.
m iA
M.0M
60.000
16,000
880.000
l,i 00,000
4 M 8 0 ,0 0 0
ft, W06 1 1,88 8.00N)
T 0 U 1 O c i . 18. im n .7 5 .0 7 4 .0 0 fi
I 'Q U ( >rt 1 4 .1 * 9 3 . « 5 > J 7 .0 0 0
Tor 1Oct
OUf
in >««>» fta.om.nnn
3J6-0
Toial WAwk.
VTm A IDK44.*.**,
12*W
I6MA7
»7,lw4
IM IK
iftM it
80,000
10,000
4.000
09.000
180.000
801,000
5.000
23.000
120,000
273.000
89.666
6 i«!ooo
68.000
5.375.000
5 .4 1 4 .0 0 0
3.370.000
w.tma.ooo
4.020.000
8 .I «U«>o
O,OHf),0fl0
6.140.000
7tV4Q.OOO
Bid.
8.000
18,000
07.000
40.000
146,666
714.M.0
0 0 4 ,0 0 0
700.000
051.000
8 .0 7 ,0 0 0
2.050.000
3.117.000
2 .100.000
3-5,000
5'Ml.OOO
031.000
A *k.
O olu m b ttA A 0 t h A vr>. 6 * .
Cau. 6 a ,
m i . . A AO 108
1). O. K. 14. A B u t’y -B tk .
85
frupt. 5 «.
1 9 M ..J A J
a % « o l d , 6 a, 1 0 3 2 . J A I )
B lo c k . B t. .k I f n E P . - S t k .
31
H o rip ............................... . . .
K lg h tfi A v « m m H t o c k . ..
1) 2
l » t r n o r t .. 7 » , 1 0 0 0 . J<SJ m o
B ’ w a y 'k 7 t li A r e . —B l o c k . 1 9 7
201
H o r lp , 8 » , * 9 1 4 . . . . . ___
1At rnort,, 6 a, 1004 .J <fc I) 100 10 H 4 2 d A O r . A t F « f . H to c k
2d mart,, 5«, IdU .JAJ 109 112 4 2 d H i.A M * « . A H t N . A v .
I At rn o r t. 0 « , IU 1 0.M A M
H'waf U t,6A,Kuur.I02 l UU 111
2d 5 a.lot.an r«tbt*l„ 1006 J04S, 108 *9 2 d in e r t ,I n c o m e Oa . J A j
L o o k 1Aland T r a c t i o n . . . ,
O om w l 0A, 1 9 4 3 ...J A R 1 U
B r o o k Ir n C i t y - S t o c k . . ..
m v 170* L e s . A v e .A P n v , F e r r y 6 a .
M e t r o p o l it a n T r a c t i o n . .
L-ODAOl. 6 a, I P 4 i . . . J A J
116
no
8 k fjD L C r o A « t 'n S * . 1 9 0 3 l o f l
N in t h A v e n u e — B l o c k . . .
H o c o fid A v e n u o - B U . - i k
B k r n C i 'n a O o .A H a b .lA i 103
1At m o r t ,5 A , 1 0 0 0 M A N
H k lfa .O .A N ‘ f V w /i ~ h %U 2 «m>
I Jrihmit (i r *j bn, 10Ot*.J A J
h», 1030 .............. ,... 4111
111%
B rook lyn T r a c t io n ...........
Ift MjtUi A v e n u e - HU»ok....
14
Pr«f€»rT#*l................. . ..
01
03 T h i r d A v m »w » -H U > c k . . .
I At m o r t ., 5 a , 1 0 3 7 . J A J
Cantral (JfroAAtown - Htk 176 100
T w e n t y T h ir d H L - B t ’ k ,
l - l M .,» a, 102*2...M A N 1118
C o o . P k . N .A K .I M y .^ Htk
103
Det>. 6 a , 1 0 O H ..................
160*
"
100*2.
A I■) { l l C
iU n io n A t ~ | t o o i . . . .........
Oooao L 7*.
10C
____Jm
I i
«J iA
T lA t> 'r A J O u t f i t . _____
~ e i k . ,| 16 0 , i ¥i " I l e t A * 1 9 4 9 , .......................
_______________
1
1
1* !
66,666
*id,O06
’ 1,066
A l la n . A v e „ B ' k l v n -
1,7 1 3 .0 0 0
1N M
,.S * 0
Bid,
A«k
312
112 %
100
1U
4
886
108%
1 10
104
1 03
320
57
1116*4
55
20
l i *2
00%
166
103
21 H 104%
193
104
12 1%
I 100 106
j IOH
jlOl l (id '
WratchAACr, 1At,Kfi.,5it. |k h % 1024*
1 0 5 1 0 7
121
300
^ Anil aocrood tntore*fc.
Ban Hocnrltleo— Brokjont’ Quotntloiia,
B r o o k ly n U n A -U t fh l
L 'e n t o r e l ............
<'otiAnm erw* (Jm rm y ( M r )
18»
IM l
Mt
HU
79
180
08
lri-1
H onda.................................
i A m i a ccr u e d m te ra a t.
<4AB C O M P A M I K B .
4*1.
B id .
I’ S a p I F s t l l r o o k l / r o .
P ftop liw ' i J o r m y ( 5 l t y ) . . .
M « i r o » « l l p , o t. H r t M l u m j .
W U ila iu A h u r K .......... . .
1At On........................................
P u iU in :# ju n ic ;ip a l.. . . .
.
iR nidn, 0 a . . . . . . . . . . .
117
170
175
1M5
225
108
1*15
195
. tm*
'205
10ft
1(M
ft o n d a . 0 « , t m o
JOd
lift
HI, PHMI
03
_____ _______
B*»nd*.
1
................. 4 * 7 1 . HA%
B ta n d A fri p r « f ___ _
...♦ 1 0 7 % 1 0 0
6«
O o t t o o n .......... — . ___ • iiv y. 99
i i >>
HO'* W ttAinrn
.....
07% 0 9 %
lio in U , 6 a . , ............
00
IriO
. *,,#.
105
The recmptn o f flour and grain at the seaboard porta for ti e f i t i a e o A '( B r o o k l y n ) . . .
J«rtM*y f.Uty A H o b o k e n .
veefc muted O c t, 13, 1895, f o l l o w :
M e t r o p o ilt a o l o f t d * -----M o t « a l (N . V .............. . . . .
FUnur,
Whmt,
Oats,
tij,
IkwDt
KMHofjt #* N * * m u (B r o o k lftt).
... ■M
MM
hmh.
bush.
IS
«
a
urn
Nvw t « r l ,
.*** 134.W7 47UW0
406*860 I
ij'aati-vn........
Cf>»I
.... 0«^V46
a * y ? St*m
m r * ii'. 9 5
109,649
Um.UAl)
...
r r e f e r r e d ...............
64^
iSt■»99
fit 17#
fnklia*l«’i^hla
31
Ootanm,..,,.,....
78 0*8
m&jo
70ri»8
n m
HalUraor#!..
„„
W3,»>5
87,742
244.77 4
81
O on a ol. 6a
6«>*i
• is
3,lJ0
Niwr urinnana
13,606
10,000
1 8 .1 0 ) 0 00
05,000
m .m )
Itallroad H ecaritiei—Brokers 1 Quotations.
BM .
847,04ft
046J6O
9ft# »4I
*1*6.666
” 2.000
1,7 ii*.000
862.000
.............
O n 0 *0*1 *rid r l r « r . . .
118.666
126,606
50.000
16.000
83.000
110.000
48.000
160,000
C i n d m a t t . . . . . ..............
Tor
Uyt,
30,000
______________ ___
* K a r in h la .
m jm
m t4m
*M*t
Attctluii Halwt.—Am ong other securities the follow ing, r ot
mm
The
receipts at ports m»me<l in test table from Jab, 1 regularly dealt in at the Board, were recently soid at auction
By Messrs. R. V, Harnett dc G o.:
*
to Oct. 12 compare a# follow# for four year*:
1 0 F o u r t e . n t h s i r , , , , R . „ g ........................................................
170
rucMrt. n rls»*.
1.094.
WO*.
WV2 .
flrrnt...,,
11*901trfl
16*886600
16,^94,6^4
*6,185.739 99 American KirUange National Bank.,.. — ............................10S%
By Messrs, Adrian II. Muller & Hon:
Vfhmt . ♦ # # , * . # , . •«,400,l»7
*4,7380*14
99.if7'</2M
i
CVwn . -H 27.971>4«
Shore.,
Howls,
0 *1#. ........... •* 68,*08.160
4^ a i
4J *d4,‘ D4
fso.fionsttitierir K tp.TrsnS .
fit}
Amur. Fire In ,. C o ........ 81
Bart^y ------”
M ujhin
*,«7d,7*4
8.006.04*1
nr*-- ... ... ... “
am.Mw
384.0IM
RR. Co. 8 s, Inc mtn,
....
3T*
MUM#
36*2,279 15 S. Y Kul,(i r Co............110
5 0 M e x le mi T e l e . C o .............. W O ** # 1 . 5 0 0 5 1l o o n it ,ic W o t m o n T a*t ,r»tr.
. 109,714,#»
100604.91*
18l*S7Md0
25 U. S. Mnrt. St Trust Co. 2ISI
0000k
K B , C o , (A J to o n n
5 0 S w i f t A C o ................................ 7 3 1 *
Clear St North. Kit, Co.)
The export* from the several seaboard ports for th* w
10 Title <inar. A Tried Co ,222**
Is* lie, April, Id'Iii, tlimp,
•ndiog Oct, 19, 1895, are shown la the annexed statement
on ............ ...................... — to
72 J#aPl fiats hers A fJrov
th*,
t9mw f u n
K*gltfrO
b u sh .
.
H7
ers* B a n k . . . . . . . . . . . . .
bmb.
7,44b
1.400
iS im litu g
fftm iuctal.
an d
S a mu e l
1,818
151
D.
D avis & Co. ,
BANKERS,
t tfjm
NO. t o W A 1,1, N T ,, N K W
iMU
MH
€♦ **8
o t tiy&m axpwrt* t o e th # w&*k snd «mc# Hamoel D, Da v is ,
$*p$* ip M k l* m *- tow. Ww m M thm ottmlm t o r tb* co rrm A
doruliftg period# o f last y m t for comparison:
Spenc
er
nsewti
CJnH«r$ KtngSun
<jsnitn»ut
l * c kmmim,
w««. UvUmm
Hrtt M, A. Cor*,
1'nmrmrnnmm.
Tt/tAt
Sc
Trask
C o .,
BANKERS,
# 7 * 2 9 F IN K K T K K K r ,
-
-
MKW
V O IIK ,
6 5 S to le S tr e e t, A lb a n y .
I N V E S T M E N T
S E C U R I T I E S .
o s o o o # 11*1repay Mor»AT.
M
ist-ttemt*
seyun
Tt***
%m visible supply o f g r a m , comprising the stocks in granary
5e p
r i n c i p a l point# of
o f accurnnlation
ao
at thprincipal
at lake and seaboard
port#, Oct. 13. 1805. ws# a# follow *:
rT T .
V O It K ,
C iias . B. V an Nobtkand *
o
f
f
a
Ai.eitAwnsit M, Wni-rn, J*
t
&.
W
h
i t e
),
BANKERS
30
F I N K
« T
It K K T
,
-
•
N K
W
(INVESTMENT SECURITIES.
III ft K
THE
690
’g h z
CHRONICLE.
b a n k e r s ' < ia * e tU .
D I V I D E N D S .
Per
Cent.
Name o f Company.
R a il r o a d s.
Balt. & Ohio, Washington Branch
Boston & Maine com. (quar.).......
G reat Northern prof, iqunr.)......
Labe E. & Western prei. (quar.).
Nashv. Ohatt. & 8t. L (q m r .)...
St. P. Minn. & Man. guar, (quar)
H ankM .
P acific (quar.) ...............................
T r u s t, C o m p a n i e s .
Central tbi monthly) ...................
U am ilt »n, Brooklyn (quar.).......
Da
lk,
Dj
1
Books closed.
(Days inclusive.)
15 Nov. 1 to Nov. 15
1 Oct. 23 to Oct. 34
1 Oct. 16 to Nov. 1
2
Nov.
1 Oot. 19 to Oct. 31
K
if
Nov.
Nov.
1 Oct. 16 to Oct. 31
1 o c t. 26 to Oct. 31
I s#
24>
4
2
Nov.
Oct.
Nov.
Nov.
1 ___ — t o ------15 Oct. 1 1 to Oct. 15
1 (>ct. 23 to Nov. 1
15 Nov. 2 to Nov. 15
3>s
Oot.
Nov.
2 ! Oct. 12 to Oct. 21
1 Oct. 22 to Oct. 31
W A L L S T R E E T . F R ID A Y . O C T. 1 8. 1 8 9 5 .-5 P . M .
The Money M arket and F in a n cia l Situation.-— The
conditions prevailing in the foreign exchange market have
been the dom inant influence in W all Street during the week
n ow closing.
These conditions, while they may be readily
explained and are generally understood to be abnormal,
are not .calculated for the time being to encourage operations
o n the Stock Exchange.
The most im portant event o f the week was the announce
m ent o f the plan for reorganizing the Union Pacific railway
system. The plan seems feasible and reasonably favorable
to the security holders.
The action of Eastern trunk line officials in the matter o f a
traffic agreement encouraged a m ovem ent in the same direc
tion, and a se.tlement o f differences by the managers of
W estern lines. The result is a more confident feeling and a
firm er tone in the market for W estern railw ay securities.
Another im portant factor w hich contributes to the same
result is the largely increased traffic reported by the springw heat-carrying roads, that o f St. Paul for the second week
in October amounting to $199,118. T h e N o r th w e s te r n M ille r
reports the output o f flour at Minneapolis during the same
period as being the largest ever made in any one week.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 t o 2 % per cent.
To-day rates on call were 2 to 2 % per cent. Prime com m er
cia l paper is quoted at 1 % to
per cent.
The Bank of England weekly statement on Thursday
show ed a decrease in bullion of £569,416, and the percentage
o f reserve to liabilities was 56-92 against 56-97 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows a decrease o f 7,475,000 francs in gold and
4,425,000 francs in silver.
The New Y ork City Clearing-House banks in their statement
Of Oct. 12showed a decrease in the reserve held o f $3,948,700
and a surplus over the required reserve of $14,176,900
against $16,47),525 the previous week.
C a p ita l................
Surplus..............
L oans & disc’nis.
Circulation _____
N et deposits.......
S p ecie ..................
L egal tenders___
R eserve held.......
L egal reserve___
Surplus reserve
1895.
Oct. 12.
D iffered tfrom
Prev. week.
1894.
Oct. 13.
1893.
Oct. 14.
$
62.622.700
72.666.700
506,6 0 c,000
14,307,300
533,491,200
60,861,900
86,6»7,800
147,549,700
133,372,800
$
Dcc.3,596,200
In c.
53,700
D ec.6,6 0-,3 00
Deo.
76,000
Dec.3,870,700
Bee 3,946,700
Dec. 1,652,075
$
61.622.700
71,259,600
500.168.200
11.553.700
590.859.100
115.671.200
92,890,900
208.562.100
147,714,775
$
80.422.700
71.594.800
395,716,000
14.956.800
412,456,200
90,379,400
46.630.700
137,010,100
103,114,050
14.176,900 B e e .2,294,625
60,847,325
33,896,050
F o re ig n E xch ange.—The foreign exchange market has
been strong, and rates have advanced on a limited supply of
bills. Commercial offerings are restricted and the dem and
from remitters keeps tne m arket firm, although somewhat
easier to-day.
To-day actual rates o f exchange were as follow s : Bankers’
sixty days sterling, 4 8 7 % @ i 8 ?% ; demand, 4 8 8 W @4 8 8 W :
cables, 4 88%@4 89.
Posted rates of leading bankets are as follow s :
October 18.
Prim e hankers’ sterling bills on London..
Prim e com m ercial.......................................
Docum entary com m ercial..........................
Paris bankers’ (franos)...............................
Amsterdam (guilders) bankers.................
Frankfort or Bremen(relcbmarks) b’ kers’
The following were the rates of domestic exchange on New
£ork at the under-mentioned cities to-day: Savannah, buying
par, selling J^<®1-10 premium; Charleston, buying % discount,
selling par; Mew Orleans, bank, par; commercial $ 1 75 pre
mium; Chicago, 30s. per $l,00D discount; -It. Louis, 50@75c.
per $ 1 ,0 0 0 premium.
1
United States B onds.—Government bonds have been dull.
I Salts at the Board include $74,000 4s coup., 1925, at 1 2 2 %
1 to 123. and $500 4s coup., 1907, at 1 1 2 % . Following are clos
Nov. 15 Oct. 16 to Oct. 20 ing quotations:
1 Oct, 20 to Nov. 1
'OV.
Nov.
Nov,
Nov.
M is ce lla n e o u s.
A lban y Ry. (quar ) ......................
B rooklyn City RK. (quar.)..........
P en n sjlvan ia Coal (quar.)..........
Pullm an’ s Palaoo Car (q u a r.),...
R ailw ay Equip’ t Co. of Minn ...
AY’ insburg iias-L., B’ klyn (quar.)
W orthington, FI. H., p re f.............
When
Payable,
[VOL. L X I.
Sixty Days.
Demand.
4 88 ® 4 SSks 1 89 ® t S9i«
............
4 87 ® 4 8?M
4 3 6 l9®4 863i
5 1 8 U » 5 177,„ (5 1(S3,„®5 lGkj
40ii„a>40is
lOktadOojB
i):V<l,,
14
9 jib 89513)8
Interest
Periods
? 8. ......................re«.
4 9 ,1 9 0 7 .. .........ret:.
4s, 1907.......... coup.
4s, 1925.............resr.
4s, 1925..........coup.
5 9 ,1 9 0 4 .............rec.
5s, 1 9 0 4 ... ....coup.
6s, our’cy,’95. .rek.
6s, our’oy,’96 ...rek .
68, oar’oy,’ 97. rex.
6s, oar’ey,’98...'-ek.
6s, onr’o.v,’ S 9.. rett.
4s, (O her.jl896.reg.
4s, (C her.jl897.reg.
48, (Clier.) 1898. rest.
4s, (Cher.) 1899.reg.
Oct.
12.
Oct.
14
Oct.
15.
Oct.
16.
Oct
17.
Oct.
18.
Q.-Mok. * 97 * 97 * 97 * 97 * 97 * 97
Q -J a n . *111% *111% *111% *11131 ‘ 111% *111 %
Q - la u . *111% *111% *111% *111% * 111 % *111%
Q.- Feb. *123 *123 *x l J2 *122 *121 % *121
y „- Fel>. 12* *122% *122 31 *12 4% 122 4* 122*2
y .-F e b . *116 ’ l 16 •xl Vk *114% *114% *114%.
0,.- Feb. *116 * 16 •116 *11*) *116 * 115 78
f. & J. *100 *100 *100 *100 *100 *100
1. & J. *102 *102 *102 * 102 *102 *102
r. & j . *10iki *104^ *104*3 *10119 * i o d , *>04
1 . & j . * 10 -* *108 *108 *108 *10-1 *108
j . & >. *110 * L10 *110
*110 *110 *110
March. *1 >0% *100% *10 )% * 100% *100% *10 0 %
March. * i 00% * L»)0% ,* 100 % *100% *100% *100%
March. * 10 .:% *100% *10031 *1001) *10034 *100%
March. *(.00% *100% *100% *100% *10 0 % *100%
* This is the prioe bid at the m orning hoard, uo sale was made.
U nited States Sub-T reasury.—The follow ing table shows
receipts and payments at the Sub-Treasurv,
Date.
Htcespts.
Pay men is.
$
2,740,324
2,094,488
3,997.857
3,079,436
3,1 8,078
4,329,625
$
4,024,144
3,72-^,858
4,763,180
3,22%b79
4,707,257
4,421,015
Total 19,389,808
24,871,133
Oct.
41
“
44
44
44
12
14
15
16
17
18
Coins.—Follow ing
coins:
Sovereigns........... $4 85
Napoleons ........... 3 85
X X Keiclimarks. 4 70
25 Pesetas............ 4 75
Span. Doubloons. 15 50
Mex. Doubloons. 15 50
Fine gold bars—
par
Balances.
(JOi'll,.
$
91,932.814
91,690,173
92,461,624
92,378,613
92,000,63
91,446,778
Oot,n Oeri».i Curt
1
are current quotations in
® $4 90
® 3 90
® 4 80
® 4 82
© 15 75
® 15 75
® k) prem.
cy.
$
1
$
3,113,121 102,658,463
1,011,465 101.368,190
988,493 99.8^4,588
1 ,198,3o3 99 580,495
995,826 98.601.819
1,536,411 98,523,698
gold
for
Fine silver b a rs... — 6 *2 ® — 68S»
Five ira n cs........... — 90 ® — 95
M exican dollars.. — 5 3 1, ® — 5 D ,
Do unoom 'm al.. ------- ® ---------Peruvian sols.......— 49 ® — 51
English s ilv e r .... 4 85 ® 4 92
U. 8. trade dollars — 55 ® — 75
State and R a ilroa d Bonds.—Sales o f State bonds at the
Board include $17,600 Virginia fund, debt 2-3s o f 1991 at
62% to 63; $12,000 Louisiana con. 4s at 98% to 99% ; $11,000
Tenn. settlement 3s at 8 8 % to 89 % ; $1,000 Alabama” Class A,
at 1 ( 0% ,and§5,000 V irgin ia 6 s defd trustrects ,stamped,at 6 %.
The railway bond m arket remains practically u changed.
The volum e of business was fairly good on Monday and
Tuesday, but has since been more limited, and iu sympathy
with the stock market the tone has been weaker, although
actual declines are generally nominal. Savannah & Western
lsts are the chief feature, having advanced over 3 points on
the progress w hich has been made with the reorganization.
Gains averaging about a point have been made by Lex. Ave.
& P. F. lsts, Kan. Pac. 6 s, Ore. S. L. 6 s, Ore S. L. & U. N.
con. rects., several o f the U. P. issues and the Atchison adi.
4s (when issued), while fractional advances have been made
by Mo. Kan. & Tex. bonds, some o f the Reading, and Chic.
& Erie lsts.
R a ilroa d and M iscellaneous Stocks.—The stock market
was firm during the early part o f the week and on Wednesday
morning prices in the railroad list had generally advanced
from one to over tw o points since our last quotations, the
grangers leading in the movement. The developments since
Wednesday have resulted in a decline and the average o f
prices to-day is not far from that o f last Friday.
North W est, went nearly a point above its previous highest
price of the year on W ednesday, stimulated by the expectation
o f benefits to result fro n the reorganization o f Union Pacific
under the new plan, and by the increasing traffic o f the springwheat carriers. St. Paul sold on Wednesday at 77%, closing
to-day at 76%, against 76% last week. R ock Island on the
same day at 79 and Burlington & Quincy at 87% had each
gained about 2% points. They close to-day at 77% and 8 6
respectively. Scarcely enough coal stocks have been sold to
establish quotations, but they are generally firm. Union Pa
cific has been more active than usual and it is reported that
considerable amounts o f the stock heretofore held abroad have
been marketed here. It was readily absorbed on advancing
quotations. Manhattan has fluctuated between 109% and 111
and it is argued that its earnings w ill be reduced by tlie opera
tion o f the Lexington Ave. cable line, w hich has been opened
this week.
The industrial list has been subject to different influences
and conditions. Am erican Tobacco and U. S. Leather prfd.
have each declined nearly 4 points, and Am erican Sugar at
107% is 1% points lower than last week. Chicago Gas sold on
Monday above 71 and closes at 6 8 % American Spirits Manu
facturing Company (when issued) was placed in the market
on Tuesday. The com m on has sold at 14% to 15% and the
preferred at 45% to 49. The old Distilling Company certifi
cates have remained steady around 24.
THE
October 19, 1895,]
CHRONICLE,
691
NEW YORK STOCK EXCHANGE—A C T IV E STOCKS fo r week ending OCTOBER IS , and since JAN. 1, 1 8 9 5 ,
HIGHEST AND LOWEST PRICES.
Saturday,
Oct. 12.
2 1%
32
’V
61
60%
•54%
*112*4
*18*4
19%
* L63
85
76%
127%
105%
•147
76%
43
*121
45
Monday,
Oct. 14,
‘ 23
24
*60
65
133*4 133*4
167 167
*16
*52%
*25
30
•124 128
* 100 101
*10 *4 11
*35
36
21
78*4 78%
*150 151
85
»5
19*4 19*4
62
0 1%
9*4
9%
27% 27**
•no** i i m
•100 102
23% 253*
•96% 87**
60
60
17% 17%
36% 3 6 *
36% 36*.
•23
21
•70
90
101% 101%
*14*4 16
•65
75
*20
30
*11 % 12%
♦24*4
54
54%
*183 198%
18% tHtf
•12*4 13
*33% 35%
4
4
*14
14%
5
5
•18*4 19
•23
23
u
* .
5H
*3%
21
21%
•16% 20
60
•59
31
*17
19
•117
*60
05*9
7%
16% 10%
*____
31%
W ednesday,
Oct. 16.
Thursday,
Oct. 17.
Friday,
Oct. 18.
STOCKS.
A c tiv e H R . S to c k * .
2 2 % 2 1 % 2 2 % 21V 2 1 V
2 1 % 21V At. T op.A 8. FV-, all instal.pd.
33% •32% 32% • 3 2 % .........
32% *32
Do. pref., when issued.
1
1%
*1
i%
m
*1
1 % A tlantic A Paoltlo....................
62
62
62% 62V '6 0 % 62 Baltimore & O h io.....................
61*
61% 61% *60
61% Canadian Paolllo......................
61
61% *C0
54% 55
55% 55% 5 m
55% 55% Canada S outhern....................
112
1 1 2 % *1 1 1 % 1 1 2 % 112
112 112 Central ot New Jersey............
*18% 19
U *% 19
)9
17V 17V Central P acific..................... ..
10% 2 0 V
19% 19% ‘ 19
19% Chesapeake A O h io .................
19%
*163
163
163 .........
8 6 % 87% 85% 8 6 % 86
87%
86V Chicago Burlington A Quincy
50
TOO la, 1024.
1 0-2 U
77
!
76%
77%
76 V 77 V: 7 6 V 77% 7 6 V 77% Chioago Milwaukee A St. Paul
12 r \ 1 2 6%
127 127% 127
127
126% 127%
L27
Do
pref.
LO0% 107 Chicago A N orthw estern.......
105*4 105N
107% 106% 107% 106% 107
*147
L50
148% •148% 150
147% 143% 1 i 8 148
Do
pref.
79
79
7 7 V ?S%
77% 77 V
79
77V 78V Chioairo Rock Island & Pacific
44%
43
43% 43V
43V 43V Chicago St. Paul Minn. & Om,
4 3 V 44V
43%
*121
122
123
121 ‘ 122 124
124 *122 124
Do
pref.
45
45%, 41% 44%
45%
44V 41V Clere. Clnoln. Ohio. A St. L ...
4 t 7» 45
‘ 93
97
96% 96%
96%
23% *23
*23
24 ; *23
•23
24
23%
23
23ViCoInmbns Hooking VaL A Tol
65
*60
65
'6 0
65
*60
*60
05
•60
65
Do
pref.
132% 133% 132 V 132 V 133% 133%; Delaware & H udson...............
133 133
133 133
168 169
169% 168% 10 *% 161
187% 168% *168 170 Delaware LaokawannaAWeet
* i 6 V 17
16*8 16% *16% 17
•16
17
•52% 53%: 53% 53%
53 V 53V
53% 53% *52V 53V
Do
pref.
*28
28
•28
30
30
23
28 Evansville A Terre Haute___
28
*25
30
•124
128
124 128% 124
124 128
L28 •123 127 Great Northern, p ret..............
.00 lu o
100
LOO 102 102
• ioo i o i
100 101
Illinois Central....... ................
I07e 10% 410 V I t
10V 10%
*1 0 % 10 % 10% 1 0 %!lowa Central.............................
*35
•35% 36%
36
36
37
36
37% *36% 37%
Do
pref
*23*9 24
*23% 24
24
24
-23% 24
23% 23% Lake Erie & W estern..............
78
"8
77% 77%
7.4% 78%
77% 78%
79% 78%
Do
pref.
*150*4 151
151 151% 151 151
151V 151V 151% 151% Lake 8hore & Mich, Southern
84
84 Look Island....... ......................
•85
87
•84
80
*84
*84
87
87
20% 2 0 ’*
19*4 19%
1 9 'a 19 V Long M aud True..all Ins. od.
20
19% 20
20.
61% 6 17* Louisville A Nashville___
61 \ 62s* 61V t>2
61% 62%
0 1% 62%
•4
9%
S-% 9%, *9
9%
;>v
9%
9% ;Louisv. New Alb. A Chicaaro
0%
27% 28
27% 28%
•27
29 : 27% 27% 27% 27%
Do
pref.
100*4 i l l
1 1 0 % 1 1 0 % 109% 1 1 0 % 109% 1 1 0 % Manhattan Elevated, ooueoL.
109% U t
100
102
00% 09% 100 100
IDO 100 "100 100% Michigan Ceutral................. .
25% 2 5 *
*25% 26%
20
26
25V 25V Minneapolis A St. L ouis........
25 V 25V
‘ 80*« 87% *80*4 87%
87% 87%: *36% 87%
36% S6%
Do
1st pref.
6U ! 60
6o
60
60
60 i 50 V 59 V 60
Do
2d p rel.
00
17% 1 7 4
16%
17
17V 17%
17% 18
17
17
Missouri Kansas A T exas___
36% 37 | 36% 39
36% 37
37
37 %l 37
37
Do
pref.
3tm 37%
47
3 7 7» 36% 37% 36 V 37 V Missouri Paolllo........................
30*, 37*.
23
23
23% 23% •22% 23%
22% 22% Mobile A Ohio...........................
23% 23%
$2
*75
82 Nash v. ChattanooiraASt. Louis
*73
*75
84
82
*T5
82
•75
,01% 100% t o r n 100% 101
lo l
100% 1007* 101% 101% New York Central A Hudson.
*1.5
14
16 New York Chicago A 8t. Lottie
16
*14%
16
15%
15
*10%
15
*65
•65
70
75
*65
75
75
•65
•05
Do
1st pref.
*28 « 30 ! *23
'29%
32%
*29
32% •29% 32%
Do
2d pref.
31
12*9 12%
11 % 11V N . Y. L. E. A W’ r,t 1st lturt i»d.
12% 12%
12
12%
11V 11%
2 1% 2m
2m
32
32
52%
1%
1%
•t8
62
62
61
60*% 1 0*4 60%
55
55
51%
113^ 1112*9 113
19
•1*9*4 19
19%
19*8 19%
.04
*04
85%
85% 86
76%
127%
105*3
118%
77%
43%
123
45
Tuesday,
Oct. 15.
21%
32^
s
61
-59%
55%
111%
• l-%
10 %
163
95%
- 10
10 2
7*V
126*
105%
14“ %
77%
43%
122
4 .%
*51
-185
18%
* 1*2**
35%
*3 Si
55
*31
l,85%! 185%
16%
19%
13
12%
36
30%
3%
*3%
\H%'
4%
4%
1%
19
19
18%
*24
ZH
•24
11
10%
'%! *5%
20% 21% 20%
19% 19%
19%
60
*58
58%
31
•17
19
•17
*117
117
83
63
*60
*7%
n 1 7%
16% 16%
10%
* . . . . . 31
• iu
24%
12%
38
11 *4
•i%
53%
51%
185% •185
18V
18%
12%
12%
36%
36%
3%
47*
15
4%
4V
19
10
28
•24
V .,...
ii
*5%
5%
2*%
2o%
19%
19%
59
58V
31 *........
*17
19
117%
65% *81
7%
7%
10%
18*#
31 * . . . .
95
115 •112%
24V ♦24
12%
12%
38
38%
10%
n
1%
1%
117 •113 116
112
24%
24 % 24% S 24%
12% 12%
12%
12%
38
3*%
39%
34
11
11%
11%
10%
2
•i%
i%
40
40
*30
78%
78*« •77
•77
78%
15% 15%
15% 15%, 15% 10%
7
6%
0%
«%
0%
*H7(f p%
9%
9%
9%
22
22% 23
22%
22% 23%
15%
15% 15%
15
15% 15%
49V
48% 49% 48
7
6%
"6
«%
•6
7
*22
*71%
109%
*101%
97%
•106
69%
23
22% 2‘?S
23
74
73%
*71% 74
109*4 108% 100% 108%
102
101*4 101% 101%
87%
m
97% *93%
109
70*4 68% 71%
68%
* ,4 t
23 ^
37 H
* *4
31%
3%
31
•
•171
69%
42%
145
24
38
34%
92
»4 i \
23%
37%
*34
92%
5%
3 0 7§
144%
24%
03% *51
190 *185%
19%
18%
; 3 V •12%
36S
35V
3\
*3%
15W *14%
4V
*4%
19
*18%
20
•24
11
5%i *5%
21%; 20%
19%; *18%
59
58%
31
19
*17
117 % *118
60
*61
7 *»•
7%
16%
16%
*28
31
05
115
115
2 4 V 23 V
12V, 12
38%.: 37%
11%
10%
is
1%
*77
7.9% *77
15% 10
14%
6%
6%; *6
9
9%;
9
2 2 V 23%
22%
15
13%! 15
48 V 49%
47%
•6
7
*6%
54% •51
187 -186
18%
18%
12V
13
*35%
36
■3%
3%
•14V
15
*V
1«\
19%
2R
*24
11
S»V
5%
*5 V
20 t
\B
19 *
57
59%
31 *
*17
19
i i '%
120
•60
66
7%
7%
15V
16%
24
•27
66
115 *114
23V
24
1*2% 12 V
37%
37%
9%
10%
•1%
IV
♦34
78% *75V
14V
15%
«V
*3%
9
*8%
22%
227e
14V
15%
49% •47%
•6
OV
♦22%
74
107
100%
92V
105%
68%
68%
147%
23%
37%
34V
35
91% 91
5%
5
29%
30V
23%
23
23
*22
23%
73%
74
73
73%
109% x l 07 V 109% 1067, 108%
100% 101
101% 101 101
04%
92 V 94% 92% 93
106% 106%
104 104
70
68% 69%
63V 09V
69% 69%
L4i% 145% 145V 146 V 146% 148
237* 24%
23% 24%
23% 24
31%
34% 35% *34% 34% *34
9?%; 91
91
91
91
91%
5%:
5%
5%
»V
*5
5%
31%
31%
30% 31%
30% 30*«
29%
124*9 *
12 J
173
173
73
171% 171% 173 173 , 172 176 !
6 4% 68% 68%
68% 68%
68% 68% -67% 0*%
43*4 42% 43%
42% 43%
42% 4 3 V 41% 42%
8%
9%
H%
8%
8%
6%
8%
8%
8%
16% 19%
16% ie% i 16% 16% *16
16% 1 15% 16
13% 13%
13% 14%
13% 14
14
14%; 13% 14
79% 81*9 78% a m x76V 78%
77% 7 9 V 76% 77%
40% 40*9 *40*4 41 ’ 40% 40% 40% 41%. 40% 40%
92*i '■*3*9 92% 93%
92%
92% 93%
92% 93 1 92
•The** are bid and naked; no «*lem ad e.
t All ftmessmoiita
172
673a
41
8V
15V
♦13 V
76%
40%
91V
paid.
Sales of
the
Week,
Shares.
23,816
363
300
1,030
230
1,351
to o
18
1,720
65
71,772
310
93,658
1,45 7
30,494
279
27,076
4,576
Range for year 1895.
L ow est
H ighest
3% Jan. 30
30 * Sept. 16
% Feb. 27
49 Mar. 8
33 Mar. 8
4b Jan. 30
81% Feb. 18
12V Feb. 6
16 Jan. 29
23V S ep t 20
36% S ep t 3
2 May 13
6 6 Sept. 9
62% Sept, 30
57% Aug. 29
l ’. 6%Sep~t 4
21!% Sept. 4
23V May 11
69
92V
57
106
78V
130
107%
148
84%
46
123
50
Mar. 4
July 29
Mav R
Sept. *>
S ep t 4
S ep t 5
Oct. 10
S ep t 24
Aug. 28
Aug. 29
Sept 6
Aug. 23
5 3 V Mar. 9
114% Mar. 29
87!% >rar. 4
137 Feb. 14
60% Jan. 3
28% Mar. 8
104 Mar. 30
2,775 35 V Feb. 13
65
900 16 Jan. 29 27V Apr. 1
55 Jan. 9 69V Mar. 27
1,312 123 Mar. 9 134V Sept. 4
1,430 155V Mar. 8 174 Gets 1
10 10V Jan. 29
1,010 32V Jan. 20 55% Sept. 9
250 28 Oct. 14 51 May 11
....
100 Jan. 28 134 Ju n e2 0
162 81V Jan.
1 106 Sept. 4
6U0
5 V J a u . 28 1 1 % J uue 13
300 19 Jan, 31 38 S ep t 3
20o 15% Feb. 11 28 July 23
500 69 Jan. 28 b5 June 20
830 134 V J an. 2 153% July 23
100 83 V Apr, 19 88% Jan. 5
1,610
5 Mar. 25 22 SepL 4
10,135 40V Mar. 12 66 V S ep t 4
700
6 Mar. 6 10V May 24
1,653 20 J an. 4 29V S ep t 4
7,409 104 Jan. 2 1 19 V May 7
41
9 m Mar. 4 103 June 18
800 14 May 23 2 6 *% Sept. 5
126 79 May 23 88 Julie 19
770 39% May 23 62 Sept. 5
1,045 12% Jan, 30 19 J u n e 20
5.O40 21% Jan. 29 41 Sept. 9
14,690 18 V Mar. 11 42% Sent. 9
400 1 3 % Mar. 20 27 May 31
....
64 Jan. 29 81 % Oct, 9
2,713 9 2 V Mar. 15 104V Aug. 28
200 11 % Feb. 20 18% May 13
65 Apr. 23 73 A uk. 28
24 Feb. 21 34% May 17
1,5 20
7% Mar. 9 15*8 May 11
....
10 Feb. 26
150 29 Jau. 29 65% Aug. 15
51% N.Y.A N.K. ,tr. reos.mlintend
lo o 176 S ep t 23 21R June 18
190 New York Now Haven A Hart,
3,174 15V Jau.
f 19% M ay 11
lSVINew York Ontario A Western
505
0% Jm iC 7 14V Jan. 21
12V New York Sump A West., new.
1,414 21 June 10 43% Jan. 18
35%
Do
pref.
23 4
2 Mar. 5
j% May 13
3 V Norfolk A W estern............... .
252
08s Mar. 4 19V Jan. 18
15
Do
pref,
672
2% Jau. 2b
8 V May 13
4% Northern Pacific...............
1,072 13 Feb. 27 27 May 11
18%
Do
pref.
28 Oregon R 'y A Navigation Co.
17 Apr. 5 31 June 11
570
3% Jan. 29 11V Aug. 29
9% Oregon 8h. Line A Utah North
3 Feb. 4
7% S ep t 7
5 %IPeoria Decatur A E vansville.
20 V Philadelphia A Reading......... 38.200
7% Mar. 4 22V S ep t 4
053 15 Jan. 12 22% May 13
18
ltU buiv Cinn. Chic. A St. L.
706 43V Jan. 30 60% Sept. 23
57V
Do
pref.
.....
30 Pitts bur* A Western, pref ...
28 Apr. 17 31% Sept. 5
........ 15 Apr. 16 19% J uue 17
19 Rio Grande W estern...............
26 112 V M ay 4 118 S e p t 13
ii7 % Rome Watertown A Ogdensb.
200 35% Feb. la 68 J uue 6
65% Bt. Louis Alt. A Terre Haute.
940
4% Jan. 2ft
9% Sept. 3
7% st. Louis eouthw eeteru..........
4,005
8 % J an. 29 19% Sept. 9
16%
Do
prel.
101 18 Feb. 5 35% Sept. 5
32 8t. Paul A Dnlnth_______ ____
130 33 Oct. 18 95 M hy 11
88
150 104 Mar. 8 116V May 15
117 Ht Paul Minn. A M anltofia..
2,400 16 V Apr. 17 26% Aug. 1
2 )V Southern Pacific Co.................
9,400
8% Jail. 29 14V May lO
I'D , southern voting trust, oertH
5,102 29% Jau- 29 44% July 9
38
Do., pref. votinv trust, cert.
6,080
8% Jan. 30 14V S e p t 3
10V Texas A Paoltlo....... ................
200
% Feb. 14
4 V May 14
IV Toledo Ann Arbor A N. Mloh
30 Got. 2
40
. . . . . . 73 Jan. 14 81 Mar. 21
77%
Do
pref.
7V Mar, 14 17% May 11
15 Union Paolflo........................... 26,803
2,080
3% Feb. 11
6% Union Paolilo D enver A Gull.
8V S ept 4
5V Mur. 0 10% Sept. 3
810
9 W abash....................................
9,316 12V Jan. 29 26% S ep t 3
22%
Do
pref.
15 Wheeling A Lake Erie............ 10,050
8 V Feb. 28 18% June 27
810 35 Feb. 25 54V July 2
49
Do
pref.
2 % Mar. 1
100
7V Sept 3
7 Wise. Oeu. Oo.,voting tr. otfs.
'li n c e ll a i i e o u n S t o c k * .
1,242 18% Feb. 13 30% May 13
23 American Cotton OH C o........
376 02 Feb. 18 79V May 13
74
Do
pref
108 American S t o w Refining Co. ! 80,860 86% Jan, 3 121% June 13
100%
Do
pref ! 1,179 90% Jan. 8 107 Aug. X
93V American T obacco C o............ 40,665 84<% Feb. 21 117 May 2 ?
107
Do
pref.
136 103% Feb. 27 116 Aug. 2 8
69 Chicago Gas Co., trust rec'ts 111,672 49V July 16 78% Jan. 11
2,715 68% O c t 18 60% Oof. 17
69 D o.Cont.Tr.Co.oiig.cts.ofdei).
8,562 120 Jan. 20 149 June 8
147 V Consolidated Das C om pany..
24%'Dlfl.A C .F.0o.,tr.etf. all ins.pd 23,825 13% Mar. 20 23% Sept. 3 0
5,230 25% Mar. 4 41 Sept 9
37%
470 26% Feb. 10 38 Jan 18
34% Nanonal Lead C o....................
*109 78% Jau. 28 94% Aug. 2 0
91
Do
prof
1,020
2% ,Tan. 30
7 May 13
North
Amurioan
C
o.................
5%
8,355 20 Jan. 26 34% Snpt. 1 8
30% Pacific Mall..............................
95% Jan. 4 141 May 10
1,045 154 Jan. 2 178 V June 17
172 Pullman Palace Oar Com pans
67% Silver Bullion Certificates___ 190,0 !0 60 Jan. 10 69% Oct, 9
42 Tennessee Coal A Iron........... 35,405 13% Jan. 29 4flV S ep t.lt>
74 Apr. 17 102% Sept. 9
Do
pref
4,921
9 O ot 5
V J uly 9
8% U.S.Onrd.Co.,tr.reo. all Ins.pd.
1% July 25 17 Oct. 5
539
Pref.,
tr.
rec.all
Ins.
pd.
15V
7 Feb. 27 24 V May 3
11 523
14 United States M ather Co —
I>o
pref. 51,283 58 Feb. 27 97 V Ma> 2 7
77 V
1,135 37% June 28 48 June 3
United States Rubber C o.......
41
10,838 86 Jan. 29 95V Sept, 3
Western
Union
Telegraph
—
92V
1 Lowest Is ex dividend.
692
THE
CHRONICLE.
[VOL. L X I.
VORK S t'OCJB. EXOHANtfE PKLCES ( C onti n ued ) —i {VAO T I V E S T O O K is.
Oct. 18.
I n a c t iv e S t o c k s
tT Indicates unHsted.
Range (sales) in 1895.
Ask.
Bid.
Lowest.
New Jersey & N. Y .
170 July 170
4 ia Mar. 12
10
105
22
23
GO
9
55
6
_
101 *2 Apr.
19 July
19 Apr.
105 July
2 L*2 Aug.
24 May
45 May
6 1 *2 Oct.
54 Sept.
G4 *2 Oct.
5 1*} Feb.
30 Jan.
212 Mar.
514 Mar.
9 Apr.
34 Apr.
*8 Oct.
11 June
55 June
9 June
163* June
21 Sept.
50 Sept.
2 May
1*2 Mar.
3 ^ Sept.
90 July
24 May
10 Apr.
6 May
17ia July
1 *2 Apr.
3*a
18*2 17ie July
9
8 “a Feb.
3%
3 Jan.
1312 Mar.
4
1 Aug.
13
2ia
.100
100
.100
70
100
5
.100
7
100'1182
100
41
io o l n o
83 *2 Apr. 103*2 June
8 Mar. 14*4 Sept.
1 *8 Apr.
4 May
156 Feb. 170 Oct.
1141s
58
4
2
178
30
G
80
15
10
43
July
Mav
* No price F rid a y ; latest prloe this week.
Feb. 118
Mar. 70
J uno 19ia
J an.
10*8
July L83
Mar. 46*4
June 10
Fftb.
Aug.
May
Aug.
Apr
May
Sept.
Oct. 18.
I n a c t iv e St o c k s .
Highest.
Bid.
If Indicates unlisted.
R a ilr o a d S to c k s .
.100 175
.100
.100 1321a
Boston & N. Y. A ir Line p re f. .100 104
. 100
20
.100
.100
.100
55
1631a
. 50 i65
.100
8
-100
45
.100
6
.100 u i
.100
.100 .....
.100
t*e
. ! 00
i*8
.100
2*a
.100
.100 118is
.100
7*4
.100
34
Preferred.
.100
17*2
.100
ie
108
.100 .....
100
1238
M exican National tr. ctfs.
.100
i\
C X ln d ica tea a c t u a l s a l e s j
A sk.
Range (sales) m 1895.
Lowest.
Highest
T O lscella u eoiiH S t o c k s .
:i5 2
153 140 Jan
38
42
37 May
100 116 118 109 Feb.
ed)1l 114%
14*2 Oct
Preferred (when issucd)1f.*46*2
46 Oot.
.100 198
89 Mar.
J24% 2 4 7y 13 Mar.
2
.100
1%
% Mar.
.100
89 Feb.
.100
5
6
4 Mar.
.100 136
36*2 23*2 Mar.
.100
96
98
50 Feb.
.100
24,
3
2*2 Jan.
.100 1162 34
145 May
.100
32*2 35
28*4 Apr.
Detroit Gas.
50
28*« May
.100 {9iji4
94*2 Mar.
100 : i o 734
106 Aug.
100 169
45*2 Feb.
Illinois S teel..
100 {79
80
70 July
.100
40
30*2 Feb.
.100 {2 4 7s 27
23 July
100
83
85
81 Mar.
100
60
50
50 Jan.
100 {2om
20 Oct.
100
52 Jan.
100 69
70
39 Feb.
100 23
25
17% J an.
100
9
5 Jan.
100
6
9
6 Jan.
9t, 10
100
8*2 Mar.
M> 300
310 Jan.
100
3ia
2 Jan.
314
100
16*4 18*2 12% Jan.
9
100
11
7 Mar.
100 31
33
33a July
U. S. Express.
100
46
50
36 May
100 |95
91 **9 June
100 101 106 1100 Oet.
American Bank Note Co U -
153 Oct
43 Sept
1 19 *2 May
15*4 Oct.
49 Oct.
100 Aug.
25 June
4*4 May
106 July
11*2 June
413s Sept.
100 Sept.
9*2 June
164% Sept.
34 Aug.
31 Aug.
10 2 % June
112*4 Jan.
70 Oct.
82 Oct.
41 *4 Mar.
33*8 June
92 May
50 J in
20*2 Oct.
61*4 Aug.
72 Oet.
3 1°8 June
12 May
9 June
10*2 Aug.
340 July
4*8 May
20 Apr.
12*4 May
33®8 Sept.
50 Sept.
98*2 June
115*2 Sept.
t Aotual sales.
NEW YORK STOCK EXCHANGE P R IC E S .-S T A T ^ BONDS OCTOBER 18.
SECURITIES.
Bid.
A labam a—Class A , 4 to 5 ........1906
Class B , 5 s .............................. 1906
Class C, 4 s................................1906
Currency funding 4 s ............. 1920
Arkansas—6s, fu nd,H oi. 1899-1900
do. Non-HoJford
7s, Arkansas Central R R ....... .
Louisiana—7s, co n s............
x914
Stamped 4 s................. .................
New oonols. 4 s....................... 1914
109*2
109*2
100
100
SECURITIES.
103
ifto"
98*2
Bid.
Missouri—F und.............. 1894-1895
North Carolina—6s, o ld .......... J&J
Funding a c t............................ 1900
New bonds, J & J .........1892-1898
Chatham R R ..................................
1
Special ta x , Class I ......................
1
Consolidated 4 s..................... 1910 102
6 s............................................... 1919 124
South Carolina—4*28, 20-40..1933 105*2
6s, non-fund............................ 1888
1
New York City Hank Statement for the week ending
October 12, 1895. We omit two ciphers (00) in all cases.
Bank of New York..
Manhattan Co.........
Merchants’ ..............
Mechanics’ ..............
America...................
Phenix.....................
City.........................
Tradesmen’ s..........
Chemical...............
Merchants’ Exch’ge
Gallatin N ational...
Butchers’&Drovers’
Mechanics’ <e Trad’s
Greenwich..........
Leather Mannfac’rs
Seventh National..
State of New York.
American Exchange
Commerce.............
Broadway.............
Mercantile---------Pacific....................
Republic.................
Chatham.................
People’s .................
North America......
Hanover.................
Irving.....................
Citizen’ s .................
Nassau....................
Market & Fulton..
Shoe <fc Leather......
Corn Exchange..
Continental.........
Oriental ...........
Importers’ ATraders
Park........................
East River............
Fourth National...
Central National__
Second National__
Ninth National___
First National........
Third National...
N.Y. Nat. Exchange
Be wery...................
New York County.
German American.
Chase National......
Fifth Avenue.......
G erman Exchange..
G ermania............
C nited States___
Lincoln................
Garfield...............
Fifth N ational...__
Bank of the Metrop.
West Side...........
Seaboard..............
Sixth National____
Western National..
First Nat. Br’klyn..
Bout aera National..
Nat. Onion Bank....
Liberty Nat. Bank..
N.Y. Prod. Exch’ge.
Capital Surpl's Loans.
Specie.
000,0 $1,959,7 $13 570.0 $1,360,0
050.0 2,080,1
000,0
954.9
000,0 2,158,0
000,0 2,116,8
000,0
412.9
000 ,0 3,209,6
750.0
74,2
300.0 7,395,4
600.0
161,3
,000,0
,684,4
300.0
224,9
400.0
370.2
200.0
180.3
600,0
480,7
300.0
107,1
,200,0
496,6
,000,0
,446,6
,000,0
,562,8
,000,0
,618,6
,000,0
959.6
422,7
476.1
,500,0
912.2
450.0 ,008,4
200.0
245.6
700.0
594.4
,000,0
,952,4
500.0
342.8
600.0
379.5
500.0
281.3
750.0
847.1
,000,0
32,3
,000,0
,205,9
,000,0
210.4
300.0
413.1
,500,0
,521,6
,000,0 ,146,0
250.0
141.4
,200,0 ,038,5
,000,0
532.6
360^0
620.6
750.0
380.2
500.0 ,181,1
255.0
,000,0
83,0
300.0
250.0
551.3
474.2
200.0
288.2
750.0
500.0 ,284,8
100.0 ,036,8
609.2
200 ,0
200,0
631.7
554.3
500.0
567.3
300.0
623.4
200.0
312.9
200,0
785,3
300.0
295.1
200 .0
232.8
600,0
328,7
200 ,0
285.0
100,0
886.0
300.0
581,6
500.0
200.0
415.5
148.6
500,0
000,0
318.9
13 830.0
~ 820,5
„ 709.0
18 586.1
4 441.0
22 342,8
1, 993.4
25, 064.4
041.5
127.5
563,7
,305,0
,055,0
,120 9
,826*9
,438*7
23,,954*0
19,,813 0
6 ,,527 6
7,,138 1
2,,434,7
12,,719,8
5,,880,0
2 ,,341,1
6 ,,151,7
15,,650,3
3,,123,0
2,,840,4
2,,530,4
4,,079,9
3,,247,6
8 ,,849,5
4, 663.2
1,,937,0
2 2 ,,400,0
26,,480,6
1,,123,9
18,,848,0
9,,307,0
5,,085,0
3,,857,4
24,,547,2
9,,816,1
1,,378,9
2 ,,803,0
3,,044,0
2,,830,6
17,,908,7
6 ,,643,9
2 ,,752,4
3,,304,4
6,,038,3
6,,116,8
4,,106,7
1,,778,9
,473,1
,599,0
506.0
,810,0
824.0
977.0
081.1
562.5
,142,7
742,1
1.193.0
1,406,9
1.027.0
3.254.7
439.0
7.549.0
173.0
3.141.6
828.5
535.7
156.3
180.0
156.5
264.9
271.0
161.5
695.0
621.8
1.005.8
1.550.1
530.1
1.314.9
913.2
236.6
584.5
3.856.7
285.0
544.9
140.3
404.9
272.0
1.563.1
942.2
183.0
3.430.0
2.390.9
112.7
522.5
751.0
975.0
474.6
782.0
1.789.1
142.4
453.0
746.1
329.0
747.0
774.9
272 4
537.3
957.5
1,046 3
760.5
218.3
851.6
291.0
684.0
200.0
869.0
774.5
190.5
622.1
40,1
483,1
Total................... 62,622,7 72.665.7 506,606.0 60,861
Legals.
Deposits
$2,090,0 $13,310,0
3.602.0 15.586.0
1.036.6 10.527.1
2 . 221.0
9.491.0
2,862,9 20.724.6
716.0
4.176.0
1.551.7 26.908.1
395.8 2 . 020,2
3.290.1 23.838.7
541.2 4.662.7
1.054.2 5,8U6,6
186.2
1,508,9
285.0 2.215.0
1.054.1
200,5
531.9
2.631.1
178.4
2,028,6
440.7 2,654,6
3.700.0 17.251.0
5.714.3 15.984.3
603.4
6.182.1
772.3 7.645.0
340.5
2.895.1
2.769.8 14.252.8
734.1
6.078.4
291.2 3.062.2
6.120.5
773.3
1.692.4 19.056.8
564.0 3.061.0
329.0 3.243.5
486.9
3.041.8
1.055.1
4.579.0
535.9
3.337.6
963.0 10.156.6
511.8 5.713.2
283.4
1.803.0
2 , 200,0 22.320.0
6 , 020,6 30.888.3
142.5
962,1
4.970.9 19.550.0
2.270.0 10.672.0
6.318.0
990.0
3.973.4
359.1
4.054.4 22.359.7
780.8 11.115.8
1.248.2
172.3
226,0
2.976.0
140.3
3.612.5
247.6
2.617.5
5.802.7 22,663,5
1.041.0
7.294.0
3.222.4
557.3
436.4 4.327.2
882.2
7.242.8
2.194.7 8.299.9
964,1
5.358.6
1.856.7
272.3
836.9
5.582.9
439.0 2.839.0
980.0
6.509.0
292.0
1.627.0
1.943.8 11.269.8
867.3
6.422.0
516.9
3.031.5
1,986,7
9.399.3
454.6 2.097.9
340,8
3,22*7,0
86,687,8 533,491,2
SECURITIES.
Bla
Ask.
Tennessee—6s, o ld ......... 1892-1898
6s, new bonds - —.,.1892-8-19001
do
new s e r i e s ............. 19141 .......
Compromise, 3-4-5-6S ___ 1912
3 s..................................
1913
85
90
R edem ption 4 s ...........
1907
do
4*28........
1913
Penitentiary 4*28.................. 1913
Virginia funded debt, 2-3S ...1991
62*2 63
1*
6s, deferred t’st ree’ts, stam ped.
7
6*2
New York City, Boston and Philadelphia Banks:
Ba n k s .
(00s omitted.)
Ask.
N. Y .*
Sept. 14..
- 21..
“ 28..
Oct. 5,
“ 12..
B os *
Sept.28..
Oct. 5..
“ 12..
P hila* *
Sept. 28..
O ct 5..
“ 12..
Capital Sc
Surplus.
Loans.
Specie.
$
134.164.8
134.164.8
134.164.8
134.164.8
135,288,4
$
522.698.9
517.242.9
511.376.2
510.202.2
506.606.0
62.515.5
61.970.6
61,677,5
60.937.9
60.861.9
Legals.
Deposits.+ Circ'Vn. Clearings
107,108,8 571,756,2
100,089,0; 558,464,4
97.902.8 549,136,5
90,558,5 540,099,5
86.687.8 533,491,2
69.351.8 175.582.0 10.592.0
69.351.8 175.552.0 10.476.0
69.351.8 174.578.0 10.595.0
13,663,5
13,800,5
14,102,0
14,253,6
14,307,3
576.153.3
615,099,1
559.687.4
694,324,8
638,630,7
7.682.0 162,868,0 7.718.0 87,940,5
6.779.0 165.667.0 7.994.0 115.539.4
6.775.0 164.198.0 8.340.0 104.136.5
35.810.3 112.436.0
29.264.0
110.480.0
35.810.3 111.719.0
30.411.0
111.660.0
35.810.3 111.659.0
30.955.0
112,298,0
* We omit two ciphers in all these Jlgivres. + Including for
delphia the item “ due to other banks.”
6.368.0 68.267.7
6.396.0 84,106,3
6.412.0 73.712.8
Boston and Phila
Miscellaneous and Unlisted Bonds :
m is ce lla n e o u s B o n d s.
Boston Un. Gas tr .certs., 5s.
Ch. J un.& S. Yds.—Col.t.g.,5s
Col. O. & I. Devel. gu. 5s......
Colorado Fuel—Gen. 6s..........
Co\?& Hock. Coal & I.—6s,
Cons.Gas Co..Cliic.—lstgud
Consol. Coal conv. 6s.........
Dot. Gas con. 1st 5s.............
Edison Elec. 111. Co.—1st 5s .
1st consol., gold, 5s..........
Do
of Bklyn., 1st 5s___
Equit G.-L..N.Y., cons.g. 5s.
Equitable G. & F.—1st 6s___
Henderson Bridge—1st g. 6s.
Illinois Steel deb. 5s..............
Non-conv. deb. 5s.................
nt. Cond. & Ins. deb. 6s......
m is c e lla n e o u s B onds.
Manhat. Beach H. & L. g. 4s.
47*fib.
107 b. Metropol. Tel. & Tel. 1st 5s
Mioh.-Penin. Car 1st 5s. ...
Mutual Union Teleg.—6s g ..
N. V. & N. J Telep. gen. 5s.. *10958a.
87 b. Northwestern Telegraph—7s.
100 b. People’s Gas & C. i 1st g. 6s. 112 b.
74 a.
Co., Chicago..— ) 2d g. 6s. 105 b .
109 b.
1st cons. g. 6s .................... 104 a.
*103%a. Pleas. Valley Coal -1 st g. 6s. 101 b .
10834b. Sunday Creek Coal let g 6s.. 100 b.
U. 8. Leather—S. f. deb., g.,6s 114%b.
*96 "b. Western Union Teleg.— /
Wheel. L. E. & Pit** CoallstSs ■*6*8"b.
* 95 a.
U n lis t e d B o n d s .
85 b. Ann Arbor, 1st 4s, when iss’d 75 b.
♦ 75 a, Comstock Tunnel—£no 4s .
9 b
Note .—“ b” indicates price bid; “ a ” p n o e asked. * Latest prioe this w ee k
Bank Stock List—Latest prices this week.
BANES.
America......
Am. E x ch ...
Bowery*......
Broadway...
Butchs’ &Dr.
Central........
Chase...........
Chatham......
Chemical ...
City......... ..
Citizens’ ......
Columbia___
Commerce...
Continental.
Cora Exch..
East River..
11th Ward...
Fifth A ve.-..
Fifth*...........
First.............
First N., 8 .1 .
14th Street..
Fourth, ......
Gallatin........
BANKS.
215
161
227
240
255*
117*
200
125
285
170
3*00*
185
Garfield........
German Am.
German Ex.*
Germania....
Greenwich ..
Hanover......
Hud. River..
Im. <feTrad’s’
Irv in g .........
Leather Mfs’
Lincoln........
Manhattan..
MarketA Ful
Mechanios’ ..
M’chs’ A Trs’
Mercantile ..
Merck mts*..
Meroh’ts Ex,
M etropolis..
Mt. M orris..
Nassau.........
N. Ams’dam
New Y ork ...
N.Y. Oo’nty.
Bid.
165
312
520
135
175
670
195
188
110
165
232
580
(*Not listed.)
BANKS.
N Y . Nat. Ex
Ninth.........
120
19th Ward..
125** N. Amerioa.
Oriental__
Pacific........
Park... ___
People’ s __
Phenix.......
150
Prod. Ex.*..
Republic__
i*95* Seaboard...
Second........
Seventh __
ShoeA Le’th
150
Southern...
i*3*6* Stateof N.Y.
T h ir d ........
Tradesm’n’s
23d Ward*..
Union*........
Un’ d States
Western ...
w«*t, S ide..
Biu. Ask
120
145
167
115
90
150
105
l l l i * 115
THE
O c t o b e r 19, 1895.]
693
CHRONICLE.
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
S h a re P r ic e s — n o t P e r C e n tu m P r ic e s .
A ctive Stocks.
ft Indicates unlisted.
Saturday, | Monday,
O ct 12
Oot. 14.
2 1 *g 2 m
Atoh. T. & S. Fe§(Rox/<m).100 21% 21%
'1
'1
Atlantic Jk Pan.
**
100
61%
6 0 % 61
Baltimore ic Ohio (f?att.).100
7o
"7
5
76
Balt. City Fasa’get “
25 •75%
18% 18%
Baltimore Traction •*
25 '1 8 ^ 18%
18%
1 8 V 19
BaltimoreTrao’ a li(P hil.). 25 *18**
Boston A Albany (Boiton). 100: 208% 208% 2 0 8 2 x9
__
2063b 206%! •2 0 6
100
Boston A Lowell
“
*
17 o 1 7 0 %
io o ; 1754 176
Boston A Maine
13%
*13
, - - t -t
100
Central o f Mass.
io o •56**
Preferred
8 5 % 86
Ohio. Bur. * Quin.
-100
- - ' S5% 85%
Otiie. MU. * 8t. P. (PAif.LlOOj 76% 76*« 7 6 V 77
15% 15%
15% 155,
ChoO, A G .vot.t.o. “
5°
55% 55% 5 5 % 5 5 %
Olt. St-Ry o f Indy
100
61
01%
Electric Tract I’ll
“
SO 6 1 % 61
92
92
92
Fitchburg iiref.. f Boston) 100 *9 1
41% 1 1 %
4 1 % 4 i 7e
Lshlgh V alley.. (P hila .). 50
13
135^
Maine Central ( notion) .100 X3b 13'
Metropol'n Trao.V ( Phil). 100 100 % 1 0 0 % l<X>i4 10
13
13
%
12
V
Mexican CentT tB ottom . 100
13
63
63
N .Y.AN.E.,tr.rec.} "
100
100
io
o
*
’
Prefened.tr ree-t “
100
NorthernCentral (B all.). 50
4%
4V
4V
4V
Northern Pacific tPhtfte.1100
ls %
Preferred
**
100 ‘ 18% 18%
1
7
7%
’
177
........
177%
Old C olony....... (Boston) 100
5 5 7s 56
55% 55"
Pennsylvania___( P hilo,), 50
58
5
7
%
57
57%
People' sTraetlon
”
50
1 0 **l0 l i i 8
Phlia. A Reading.
**
50 T 0 7 j. In*,.
75»4 7 4 V
Phlladelph Trae.
"
50 71% 75
15
15
15% 15%
Union Paeiflo ..(B oston ). 100
M is c e lla n e o u s S l o e l u .
I m.Hn^r Kcftn.TYBoston) . . . . 109 1098 1 0 9 % 105
1 0 l7s 1 0 1 % IO IH 101 \
P referred ........
100 109% 189% ItlO** 1 9 0 %
Bell Telephone..
*3 %
83
8 2 % 83%
25
B o n & Montana
175, l % *1 7 w 18
25
Butte 3e Boston .
315
3
1
5
318
■315
25
Caiucuet & Heel
70
70
Caaion C o ....... . , (BatL).lOO *6 9
48
6
6%
66
4
J
5
7
|
100
Ooueoiidased G as
67% 60%
69
Eieo.Sfor. Bat'y^(PAiia.i. 10<) 68
71
71%
7<>H
61%
Preferred £
*'
100
66 a 6 7 4 07 68
Erie Xoiopbono .f Botion) .100
3 7 % 37 V
General Eleotrle.
**
100 ’.{7% 37%
68 •8 6 6 a
P referred.........
**
100 *66
22
*
2 1 % 22
Lam oo a 8 to reSer.
”
50
48% 48%
Lehf h Omut V*v. t P k U a ,) 50 *4«*% 48
90
8i
•
m
89
It. B_Telephone ( Motion). 100
IJoltMGfcalaip.U/'/’Atfa,;. 50 82% 82** 8 2 % 8 2 %
90
90
90
W*Ubach Lltfht 1i
M
•>s
•2% 2%
Wmx End L and.. ( Motion)
asked prices;
4 All Instalment* paid.
Inactive Stocks.
Bid
Aa*. j
Tuesday,
Oct. 15.
Friday,
Oot. 18.
W ednesday, I Thursday,
O Jt. 16. I Oct. 17.
21%
21 % 22
•1
22%:
21 % 21%
62
62
*61
63%
62
75% 7 5 V 75% 75%
75%
'......... 19
19
■18% 19
19
•15% 1 8 V 13% 13%
2oS% 2.'8% 203% 208%
209
203% 206%
2 o6
206
x!7 4% 17 4% 175% 175%
'176
13%
1 2 % 1 2 % *13
13%
___
‘ 56*’ 56
' ......... 57% *56
86% 87%
85% 87
85% 86%
76% 77
77
77%
77%
76%
15
15%
15% 15%
15*8 15%
54
55%; 54
55% 55% * o i
66%
6 4 % 64% 64% 65%| 66
91% 9 1 V 91% 91%
91 4
91%
41% 41'% 41V 41%! 41% 41%
*135 .........
■135
99%
io o * ’ 100
98% 99
99
13
12% i2 V
12 % 13%
13
52% 52%
. 63
63
102 102 *100 102
70
70
4%
1% 4% 4% 4% 4%
•19% 19
13% 19% *13% 19
177 177%
177% •.........177%
55% 56 | 55% 56 , 55V 55V
57% 57V 1 57% 58%
58% 59%
107 ,« 10»,« ! 107,a 10% 105,6 iflb
76% 77%
76
76% 76%
76%
15% 16% 15% io% ; 15 15
*60%
75%
*T87s
19
208
21%
21N
*1%
1%
*61% 62%
*75% 75%
*13% 18%
13% 13V
203 208
206 % 207
175% 175%
*13
13%
*56
53
8 i % 86%
76% 77%
14% 15
54
56
66 % 66%
92% 92%
41% 41%
'135 138
99
99
12V 12%
*51
60
'100 102
*69% 7 '%
4%
4%
-13% 19
>176% 177
55% 55%
59% 59%
10% 4 lO7
77% 77%
15
15
108% 109% 107% 109%! 107 103% 107 108
101 101% 101 101% 100% 101
193 198
199% 197% 197% 197% 198
84% 85%
85
81% 85%; 8 1 % 85V
13% 19%'; 13% 18%
18% 18%
13
■315 318
‘ 315 318
313
tip
69
70
*69
69%
*69
.......
68% 68%
66
"6 V7, 66% *61% 66%
71% 73%
69% 71%
67% 68%
67%
71
75
70% 73%
69%
69 s 69%
08% 69%
61
C9
63%
S87e 68
37%
37%
*37
37%
38%
37V 37V
*06
03
*66
83
61
69
*67
*
2
1
%
22
*
21
%
22
22
* 21 %
*21%
22
49
43
13% 13%
43% 18%
43% 43%
90
90
*89
89%
89
*9
89
89
33% 81% 83% 81 % 81% 83%
33
81%
93% 93%
90% 92
93
95
91
90
*1%
2%
-2*,
•
2%
2%
*2%
2%
•2%
Ml S»l» •
il Lowest U ex rights
u e l ..
101% 101%
199
83
17%
315
•89
66
67
69%
83
•33
*67
Inactive stock*.
Bid.
Ask.
Sales
o f the
Week,
Shares.
Range o f sales In 1895,
Lowest.
Highest.
13,897
S% Jan. 30 28% Sept. 2
■50 Jan. 23
2 May 13
" ’ 60 49V Mar. 8 66% Sept. 9
175 89% Mar. 11 76% Sept. 28
100 14% Jan. 23 21% June 17
1,130 14% Jan. 30 21% June 17
135 106% Mar. 13 213 Ju ly 10
22 196% Jan. 2 207 Oct. 3
87 160 Jan. 2 180 Sept. 9
1
5 Apr. 13 16 Slay 13
10 48
Feb. 28 60% May 14
10,683 69% Mar. 4 92% Aug. 28
10,150 54 Mar. 9 79% Sept. 3
1,503 11% May 11 17% Sept. 4
1,192 34% Feb. 2 57V Aug. 22
2,020 64 O o t 11 87 Jan. 3
62 82% Jan. 11 98 Aug. 23
1,325 27% Mar. 8 43 Sept. 3
50 125% Jan. 7 140 July 8
3,174 81 Apr. 2 106% Jan. 3
2,790
5 % Jan. 31 14 Sept. 4
5 29 Jan. 29 65% Aug. 15
2 59% Feb. 8 104 Sept. 20
64 Jan. 29 70% June 7
2,725
2% Jan. 30
7 V May 13
100 13 Feb. 27 25% May 14
72 176% June 1 182% June 19
1,599 4S% Jan. SO 57 % 8ept. 4
6,230 43% Jan. 26 09 % Oot. 11
10,753 3 i3 „ M a r . 4 1**18 Sept. 5
14,221 [|74 Oot. 11 99% Jan. 2
1,290
8 Mar. 12 17% May 10
23,237 86% Jan
678 90 Jan.
231 175% Apr.
16,480 33% Jan
5,954
9 Mar.
47 2S0 Mar.
100 07 July
960 60 May
13,107 26 June
6.034} 28 Apr.
3.829 45% Feb.
4 3 i; 25V Mar.
......... 60 Feb.
io o ; 21% Sept.
273! 40% Mar.
20! 66 Feb.
6.1511 67 Apr.
1,767 36 Mar.
005] 2 Jan.
highest "ca sh .”
120% June 13
107 Aug. 1
210 May 20
99% July 30
28% July 31
330 July 29
91% Jan. 16
66% Oot. 18
73% Oot. 18
75 Oot. 18
69% Out. 16
4 1 Sept. 9
72 July 8
25% Apr. 16
49% Sept. 5
91 July 15
85% Oot. 18
95 Oot. 3
33,a M ay 4
Bonos,
58
Booton 0oltcdC la*,2dra. 5 e ..l9 3 9 t 57
Prices o f October 19.
People's Trac, trust certs. 4S..1943
IU>\ P em om en , 1st ear.,5 b. 1916, Q—J
Bari.A Mo. River E xe a p t 6», JA.f n > 0
Atlanta -St C lid 6 ll» (B ait.) 100 97 100
A PfWtdfllMMl i Bos ton) 100 260 265
R on^ xom pt 6a .........1918, J * J f 107 107% Phlla.A Erie gen. M, 5g., 1920, AAO
40
; 97 100
Ofttndeu A Atlantic pi. iPHito.t 50
Gen. m ort., 4 g .......... 1920, AAO
2
3
50
Chic. Burl. A Nor. letS .1926 , A AO 104% 105% Phlia A Read, new 4 g „ 1958, JAJ
QftMWtMa—•...............
**
50
49% 50
24 mort. 6*........................... 1918,J&I)
l i t preferred
.
j 99% 100%
1st pref. Income, 5 g, 1958, Feb 1
50% _____
; 99 100
Dctwoture 6*........................1896.JAD
Central O h io .... —. , . . tBaiL). 50
2d pref. Income, 5 g, 195*, Feb. 1
24
100, 21
95
97
Chic. BnrL A Q ulnoy4»..1922,F A A
CMeago A W«*t MlcdM-Bu
3d pref. luoome, 5 g , 1958.Feb. 1
io o 145 147
Connecticut a Pain*,.
Iowa Division 4*__________1919,AAO
§98
100
2d, 5s............................ 1933, AAO
100 240 256
80
Connecticut Blver ..
Chle.A W.Mtoh. gun. 5s, 1921, JA D { 78
Consol, m ort, 7e.........1911, JAD
IOO 27
29
90
Go&sol. T ract,of N.J.H (Pt
Consol, o f Vermont, 5s. 1913, JA J J 89
O onsol.m ort. 6 g.........1911, JAD
100 162 105
Dots ware A Bound Br.
80
Carrcnt River, 1st, 5S..1927, AAO y5 75
Im provem ents!. 6 g ., 1897, A AO
.100, 15
17
Ilet. Uir.s. A Nor n M. 7s. 1907, JAJ * 72% 80
fltfft A Peru Marq
Con. M.,5 g.,Stamped,1922, MAN
45
100
43
Preferred ........ . . .
fa s te n ! 1st mort 6 g.l90tS,M A8.. 120 121%
Terminal 5s, g .........1941, Q .~ F .
34
55
Heetoisrlile Paeaeng. fp k tta .).. 50
fre c.E lk . A M.V., 1st,68,1033, end. §130 131
Phil. Wllm. A Balt., 4 s .1917, AAO
50
Preferred %............ .
80
08% K.C. C.A Spring., Ietj5g.,1925, A AO i 75
Pitts, C. A 81. L., 7e___1900, FAA
31
99
K (X F .8. A M, con. 0s, 1928, MAN 5 97
50,
Hunt. A Broad T o p ...
Rochester Railway, con. 5s ..1 930
60
53 H 53% iK.C. Mem. A B lr.,l*t,2s.l927,M A S 1 62
P referred .. . . ___. . .
63
8chuyl.K.E.81de,lst5 g.1935, JAD
24
122JAJ123
I0<i 22
K.
C. 8t. Jo. A C. B,, 7 s ..1907,
Kan. C’ y F tB . A Mrm.lBo
Union Terminal 1st 5 s .......... FAA
HO
IOO 70
L. Itw k A Ft. 8., 1st,7 s .. 1905, JAJ } 95
Preferred . . . . . . . . . . .
98
64
Louis.,Kv.ASt.L., 1st, 6g, 1926, AAO S lo t
50
107
Little SefoavOeilL.......iPi
A t S n ^ t e S f ^ ^ f 1907, JAJ
95 iBaltlniore Belt, 1st, 5 s .1990, MAN
50
70
Mine Hill a 8 .Haven
i 2 n j . , 5 - 0 g ........ ........1936, AAO 5 90
______
54
!'f**<ifiebonir>£ V*1 . ..
50
Mar. H. A O nt„ 6s....... 1925. AAO §105 107 llialt. O. Pass. 1st 5 s.. 1911, MAN
IOO
5
S o n n American C o..
5 % Mexican C entral,4 g ... 1911, JAJ i 69% 70
Balt. Traction, 1st 5 a ..ln 2 9 , .m a n
24% ' Exten. A Inipt. 6s___1901, MA8
50
85 1 lstco n so l.in o oin es,? g, non-otun.
Worth Penney Ivan la.
23
34
2d consol. Incomes. 3s. non-cun,. n % 12%
10%
10
,100
No. Balt. Dlv., 5 s....... 1912, JAD
38
. 50
N. Y. A N.Kng,, 1 st,78,1905, JAJ* *122 123
Baltimore A Ohio 1 g., 1935, AAO
2M
50
20
1st mort. 6 » .......... ...1 9 0 5 , JAJ * 114 115 ! Pitts. A Conn., 5 g. .1925, FA A
Ffcttadel. A Erie........
**
R utlan d............. ......(B o s ,
.100
3d mort. 6*................ 1902, FAA *11*2 112%
2%
i%
Staten Island, 2d, 5 g.1926, ,JAJ
71
100 70
P referred .. . . . . . . . . .
"
Ogden. AI..C., C o n .6 s ...1920, AAO §105 106 lB a!.A O blo8.W .,lst,4% g.1990, JAJ
.100
Southern.. . . . . . . . . . . . ( Be
12
12%
In c .6 s..................................... 1920 } ......... 20 !'CapeF.AYad.,8er.A.,0g,1916, JA D
100 37% 3 »
Preferred....... .
Rn Hand, 1st,0s.......... 1902,MAN 110% i n
* series B.. 6 g ............... 1916, JAD
*
. 50 71
West End—. —....... .f Bos
2d, 5s...........................1898,FAA §100 102 | Series O., 6 g ............... 1916, JAD
71%
Preferred......... .
M
50
89% 90
iCent. Ohio, 4% g .............1930, MAS
100 238
United Con. o f N. J .. (P k i
A
, JAJ 103
!Cent. Pass., 1st 5S....... 1932, MAN
5 0 59
60 iAtlantic City 1st 5a, g., 1919,M a n 102% .........! City A Sub., 1st 6 s.........1922, JAD
West J e r se y ... . . . . . .
"
Belvldere Del.. td t,6 s..l9 ® £ , j A D
We§t Jet*e y A Allan.
**
50' ........ 26
Chari. Col.A A ug.ext.5s. 1910, JAJ
Western S . i . A Penn
44
100
3 7e
Buffalo Ry. con. 1st, 5 s .......1 9 3 1
4
CoL A Greeny., 1st 5-08.1917, JAJ
«%
1 atawlssa, M., 7s.........1900, FAA iY6% ......... Ga.Car. A Nor. 1 s t » r . , 1929, JAJ
.100
6
Wifcoonto Central. . . ( Bot
Choc. Okki. A Oulf, prior lien 6s. 105
i o o — — — 25
P refe rre d —, . . . . . . .
"
ioY \ (Georgia Pao., 1st 5 -6 s...l9 2 2 , JAJ
100 115 120
CUUeii*' 8t.Hy.of Ind.,eo0.5s.l933
94% 95 ! SNorth. Ceut. 6s............... 1900, JAJ
W om'ft.Naeh.ARoch.
u
'Column. 8t. K y„ 1st, con. 5s.. 1932
VIfCKLLAHKOt>a.
6s....................................1904, JAJ
AJlonei Min'sr, aa*t
Boston).. 25
!
IColumb. O. Crosstown, 1st,5«. 1933
102%
Series A , 5 s.................. 1926, JAJ
%
Atlantic M in in * ......
“
25
21% 22 (Consol. Tract, o f N. J., 1st,5s.1033
86
86%
4 % e ............................... 1925, AAO
50
Bay Btate O m H........
12% 12% Del. A B'd Br'k, 1st, 7s. 1905, FA A 127
;Pledm. A Cum., 1st, 5 g . 1911, FAA
4
10
3%
Boeton L a n d .... . . . . .
Boston A Am. lstM .^ s. 1920,MAN 110
Pitts. A Connells. lstv s.lS P S , JAJ
Elmir. A Wllm., 1st, 6 s .1910, JAJ
10
Oenfennlal M in in g...
1
Boatliern, 1st 5s............ 1994, JAJ
118
%
Uestouvlllc M. A F., con. 5»..192-_ ' 111
2
25
Port, Wayne ElectH ..
'Virginia Mid., 1st 0 s ...1 906, MAS
1%
25) 18
19
franklin M ining.......
Hunt. A Br’d Top, C on .5 s.'95,A AO 105 105%
2d Series. 6s..................1911 MAS
Frenrhm’o ’f B i y L*4.
5
1
1** Lehigh Nav. 4% s.......... 1914, Q -J 112
j 3d Series, 6 s ....... ....... 1916, MAS
107
100
79 i 80
fillno le 8 teeL
I 4th Series, 3-4-5a....... 1921, MAS
—
23 t 20
Oencral m ort. 4%s, g,1924,Q- _ 105
Keaffinfice M ining....
5t.b Serins, 5 s.............. 1926, MAe
20%
26
102
Lehigh Val.Coal 1st5s,g. 1933,JAJ
30
O w eol* M ining.. . . . . .
30
West Va C. A p . 1st, 0 g . 1911, JAJ
Pullman Palaee Car.
108
lot) 173% 174
IWert’ x N.O. Consol. 6 g.1914, JAJ
134
.100
Wllm. Col. A Aug., 6 s.. 1910, JAD
Penneylvanla dteeL. (JP
51
124*3
Preferred i f . . ....... .
1U0
MISCELLA NF.OUS.
1 85
Quincy Minim? ___
io o
. 25! 140 141
Baltimore Water 5 s ...1 9 1 6 , MAN
North Fodii. 1st, 7 s . ...1896, M vh 101%
Tamarack M ining___
25 139 140
Funding 5 s..................1916, MAN
a «n . M. 7s....... .............1903, JAJ 124
Water P o w e r ,.....—.
10C
1
Exchange 3 % »............ 1930, JA J
i%
131% 132% Virginia (State) 3 s ,n e w .1932, JAJ
50
30%
Weetlmrb. Elec. A M..
36
Consol. 6s, e
120% 122
Pref.. eum nlatlve.
50
55%
Funded debt, 2-3s........1991, JAJ
55
1 1 7 % ........ Chesapeake G » b, 6 s .......1900, JAD
. 8 ? n? * V .B 0 »to n .
106
JAJ
Consol. G as,6s............... 1910, JAD
81
81%
AAt • 33% 33%
124
1939, J&J
5 s ......................
.1939,
Boston T’ nitAd 8 m t*«f 5e..
Con. 5s..
• 80
£ m ltable Ga* '•
1 9 1 3 .AAO
108
81
* P rice issiu dM overdue sogpons.
f Unlisted.
5 And accrued interest
Bid. As>.
122 1124
1 0 8 % ........
117 117%
110%'110%
101 104%
109
%:uo
103% !.........
110 i........
70 ! 75
55 j 63
65
60
102 % ...........
112 j113
110% 1105%
108 ’108%
113% 11 1
88
89
1U
114%
111
116%
110
106
105
108
90%
115
118
113%
85
105%
110
115
115
111%
116%
107
108%
90%
119
114
110 %
117
121 % 1 2 2 %
105% 106
75 | 77
02% 63
108 .........
116% 117
108 108%
THE
694
CHRONICLE,
[V o l . LX I,
NEW YORK STOCK EXCHAN WE PRICES ( C o n t I n u e d ) - A O r /V E BONDS OCTOBER 18 AN D FOR Y E A R 1 8 9 5 .
IClosing
Intent Price
Period Oct. 18.
I
|R a il r o a d
Lowest.
112 h. 110% Feh.
Ainer. C otton Oil, del)., 8g .l90 0 Q - F
AhTop.& B.F.—100-yr.,4g.l989 J & J t 80%
62 Mar.
16)s Mar.
3-4s, 01. " A ” 1st instal.pd.*89 A & 0 1 33%
82 b. 797e July
N ew gen. 4s, when issu ed...
55*4b. 53 % J uly
Adjustm ent 4s, whon issued
Col.Midland—Cons., 4 g.1940 F & A t 28 %a. 17 Mar.
44% Jan.
48
A tl. & Pao —Guar., 4 g -----1937
86 Mar.
urooklyn E lev.—1st, 6 g .. 1924 A & 0 104 **
84% Mar.
Onion E levated.—tig-----1937 M & N 107
B’klynW hrf&W .H—lst,5s,g .’45 F & A 102*2 102 Sept.
Canada Southern.—1st 5s 1908 J & J 111 %b. 109 Jan.
2d, 5s...................................1913 M & 8 107*2 102% Mar.
t 67
50 Jan.
csnt.G a .-S.& W. lsteon.5s. 1929
Central o l N. J .— Cons.,7B.1899 Q—J 111 b. 111% Feh.
Consol., 7 s ......................... 1902 M & N 1177sb. 114 Mar.
General m o rtg a g e d g ...l 9 8 ) J & J 119*2 I l l Jan.
Leh.& W .B.,oon..7s,as’ d .l9 0 0 Q—M *T07%b. 101% Mar.
“
m ortg ag e5s.l9 12 M A N 92%b. 85 Mar.
A m . D ock A Im p., 5s-----1921 J & J 115 1). 111% Apr.
Central Pm ille.—Gold, (is.1898 J & J 106% 101% Feb.
Chee. & Ohio.—Ser A , 6 g.1908 A & 0 117*2b. 117 Apr.
M ortgage, 6 g ..................1911 A A 0 HS*2b. 116% Apr.
1st consol., 5 g ..................1939 M A N l l l % b . 103% Mar.
80
69% Mar.
General4%s, g ..................1992 M A 8
91 Feb.
96%
E .& A .D iv .,ls t o o n .,4 g .l9 8 9 J & J
90 a. 85 Apr.
“
2d co n .,4 g .l9 8 9 J & J
Eliz. L ex. & B ig S a n .-5 g . 1902 M & 8 102 b. 95 Mar.
Chic.Burl. & Q.—C o n .,7 s.1903 J & J 120*2 118 Mar.
Debenture, 5s................... 1913 M A N 104 b. 98% Mar.
98% Mar.
Convertible 5 s ..................1903 M A 8 104
96 b. 93% Feb.
Denv er D ivision 4 s .........1922 F A A
Nebraska E xtension, 4s. 1927 M & N 92%b. 86% Feb.
H a n .& 8 t.J o s .-C o n s.,6 s.l9 1 1 M A S 120 b. 115% Mar.
t hie. & E. 111.—1st, b, I.,6s. 1907 J & D 115*4b. 114 J une
Consol., 6 g .'..................... 1934 A & 0 124*ib. 121% Apr.
General consol., 1st, 5 s ..1937 M & N 104 a. 96 Feb.
77 Mar.
Chicago & Erie.—1st., 5 g.1982 M & N 113
Inoom e, 5 s.........................1982 Oot. i 30 a. 14% Mar.
90 June
j
&
j
*
93%b.
Chic. Gas L. & C —1 st, 5 g . . 1937
Chic. M11. & St.P.—Con. 7 s .1905 j & j 127 b. 125 Feb.
j
&
j
116
b.
114%
Mar.
1 st,S outhw estD iv., 6 s ..1909
115 Mar.
1st, So. Minn. D iv ,6 s ...1 910 j & j 118
1st,C h.& Pac.W .D iv.,5s. 1921 J & J 115 b. 109% Feb.
Chic. & Mo. B lv. D iv ., 5s. 1926 .r a j *10 8 *2a. 104 Feb.
107% Jan.
Wise. A M inn.,D iv., 5 g.1921 j & j 113
Term inal, 5 g .................... 1914 j & j ’f112*sb. 108% Feb.
J
A
J
95
^
a
.
87 Feb.
Gen. M., 4 g., series A . . .1989
Mil. A N or.—1st,c o n .,68.1913 J & D 119 b. 116 Jan.
Q—F
141
b.
138 May
Chic. A N. W.—Consol.,7s. 1915
J A D 122 **b. 119% June
A & 0 116 a. 114 June
A & O 108 **a. 106% Apr.
Sinking fund, deben.,58.1933 M & N *112*ab. 105% M ay
25-year debenture, 5 s ...1 909 M & N 108 b. 104% May
F & A *102 b. 93% Mar.
C hlo.B .I.& P ao—6 s„ coup. 1917 J & J 129%b. 126 Jan.
E xtension and col., 5 s ...1934 J & J 10o3a 100 Feb.
30-year d eben tu re,5s.-.1921 M & 8 90**b. 83 Mar.
J & D 127*ab- 122 Feb.
Chic. St. P. M. A O .—6s...
90%
82 Feb.
Clev eland & Canton.—5 s.. 1917 j & j
J A D -135 b. 122 Jan.
C . C. C. A I.—Consol., 7 g
General consol., 6 g ........1931 J & J 125%b. 119 Feb.
A <fe 0
74 Mar.
81
O.C.C.A St.L.—Peo.AE.,4s
April.
28 %a. 17 A pr.
F <fc A 100
92 May
Col. Coal A Iron.—6 g ___
Col. & 9th A ve. gu. 5s, g . .. 1993 M & 6 112*4 110% July
Col.H.V al.&Tol.—Con. ,5 g. 1931 M & b * 89%a. 86% Mar.
94 a. 88 Jan.
General, 6 g ....................... 1904 J & u
Denv er * Kio Gr.—1st, 7 g. 1900 M A N 117*2b. 112% M ay
91 b. 79 Jan,
1st consol., 4 g..................1936 j & ,i
Dul. So. 8b. A A tl.—5 g .. .1937 J & J 101 a. 90 Feb.
72%
65 Feb.
Ft. W. & D env.C ity.—6 g . 1921 J & D
90 May
Gal.H .ASanAn.-M .AP.D.lst,5g M & N 94%
92
87 Jau.
G en .E lectric,d eb. 5 s , g . . .1922 J <fe D
72 a. 61 Feb.
Hons. A T .C ent.,gen. 4 s ,g .1921 A & 0
M
&
N
102
b.
Jau.
98
Illinois Central.— t s ,g -----1953
Western Lines, ls t ,4 s ,g .l9 5 1 F <fc A 102%b. 102% May
M
&
N
121
117
Feb.
Int. A GreatN or.—1st, 6 g.1919
67% Mar.
76%
2 d 4 -5 s................................1909 M & 8
J
&
D
94%
84%
Mar.
Iow aC entral.—1st,5 g ___ 1938
82
68 Jan.
KingB Co. E lev.—1st, 5 g.,1 9 2 5 J & J
Q
F
97
%b.
90%
Feb.
Laclede Gas.—1st., 5 g . ...1 9 1 9
Lake Erie & W e st—5 g .. . . 1937 J & J 117 b. 112% Jau.
J &1900
J 117 b. 115 Ju ly
L.
Shore.—Con, op., 1st, 7s.
Consol, coup., 2d, 7s.......1903 .J & D 124%b. 122 June
M
&
S 112
110% June
Lex. A v. A Pav. F. gu. 5s, g, 1993
121 %b. 117% Jau.
L onglsland.— lstco n .,5 g ,1 9 3 1 Q -J
99 a. 95 May
General m ortgage, 4 g . .193* J & D
107 Apr.
Louis. & Nash.—Cons., 7 s .1898 A & 0 107
K .O .& M o b ile ,le t, 6 g . . 1930 j & j 125 a. 115% Feb.
“
“
2d, 6 g .. 1930 j & j 107 b. 103% Mar.
General, 6 g ...................... 1930 J & D 120 b. 114 Feb.
83 %b. 71% Mar.
Unified, 4 g .................... 1940 j & j
Lonis. N. A. A Ob.—1st.,68.1910 j & j *113 ‘4b. 106 Jau.
Consol., 6 g .................... ..1 9 1 6 A & 0 102 *2b. 93% Feb.
L onis.St.L . & Texas.—6 g.1917 F & A » 62 a. 55 Feb.
Manhattan consol. 4s........ 1990 A & O 98 b. 96 Jan.
Metro. Elevated.—1st, 6 g.1908 J & J 120%b. 118% Jan.
106 May
2d. 6 s.................................. 1899 M & N 109
Mich. Cent.—le t , cons., 7 s .1902 M & N 121 b. 117 May
Consol., 5 s.........................1902 M & N v109 b. 106% June
Mil. Lak e 8h. A W —1 st, 6 g. 1921 M A N *132 b. 127% May
109 Apr.
E xten. A Im p., 5 g.......... 1929 F & A I l l
Minn. A st.L .—1st con.5s,g.l934 M & N 104% 100 May
A
&
0
81 Jan.
94
b.
M o.K . A E —I s t 5 s ,g .,g u .l9 4 2
J .1990
& D
89
79% Feb.
M.
K. A T exas.—1st,4 s ,g
F
&
A
44
Feb.
66
2d, 4s, g ........................ ...1 9 9 0
an d
Highest.
114 Aug.
184 % Sept.
1 37% Sept.
84% Sept.
59% Sept.
t30% Sept.
51% June
108 May
107% Oct.
108% June
112% June
108% July
t 67'2 Oct.
113 June
121 Jan.
119% Aug.
110 Aug.
92 Jan.
115% Oct.
107% Sept,
121 Feb.
121% Sept.
112% Sept.
33% June
99 July
90 June
103 Aug.
123% June
105 Oct.
109 Aug.
97 July
94% Sept.
125 Aug.
117% May
127% Aug.
101 Sept.
113 Sept.
34 Aug.
96% June
129% June
119% June
119 June
116 June
110 Aug.
113 Oct.
112 June
96% Aug,
120 Feb.
143 % J an.
123% Feb.
120 Jan.
112% Aug.
112% Aug.
108 Jan.
103 July
131 June
107% June
100 Aug.
129 May
94 May
135 Sept.
125 Sept.
84% July
28% July
101% Oct.
115% Aug.
95% Aug.
98 Apr.
118% Oct.
94% Sept.
10 0 % Oct.
74% Sept.
94% Oct.
93% Jau.
74% Sept.
105 Sept.
104% July
122 Aug.
84% Aug.
95% Sept.
85 May
93% June
113 Sept.
118 Jan.
124% May
114 Aug.
123% June
102 Aug.
110% Mar.
122% Sept.
108 July
120 June
85 J' une
113% May
106% Scut.
60 July
102 Aug.
123 June
109'% Oct.
122% Sopt.
111 July
135 Aug.
115 Jan.
104% Sept.
97% Sept.
91% Aug.
69% Sep t.
(Jlosing Range (sales) in 1895.
Price
Highest.
Lowest.
Period Oct. 18.
M is c e l . B o n d s . Inter* t
Mo. Pao.—1st,con., 6 g ___ 1920 M A N 102 b. 83 Mar. 104 Sept.
3d, 7s.................................1906 M A N 112 b.
Mar. 114 Gut.
Pao. of Mo.—ls t ,e x .,4 g ,1 9 3 8 F A A 103 *2b.
106 June
2d ext. 5 s .......................1938 J A J 107 *2b.
Mar. 108 June
S t.L .A lr .M t.ls t ext.. 5s. 1897 F A A
100 Mar. 103% Jan.
2d, 7 g ............................. 1897 M A N 105 b. 102 May 104% Sept.
Cairo Ark. A T exas.7g.1897 J A D 104 b. 97 Mar. 103% M ay
Gen.R’y & land g r.,5 g .l9 3 1 A & O 8 4 sab. 74% Apr.
88 % Sept.
M obile A Ohio—New, 6 g . . 1927 J & I) 119 b. 115 afar. 121 Aug,
General mortgage, 4s___1938 M A 8 65%
62 Mar. 69 % J une
Nash. Oh. A St. f - 1 s t , 7s. 1913 J A J 131 b. 130 Mar. 133 Oct.
Consol., 5 g .......................1928 A & O 102*2b. 98 % Apr. 106 Sept.
Nat’l Starch Mfg.—let, 6 s .1920 M A N 10.2 a. 90 Jan. 100 Sept.
N. Y. Central—Debt ext.4s .1905 M A N 104 b. 102 Mar. 105 Sept.
1st, oou p on ,7s..................1903 j & j 123% 120% Jan. 126 June
Deben., 5s, coup., 1 8 84.. 1904 M A S 108%b. 105% Apr. 110% A ug
N. Y. & Harlem, 7s, reg.1900 M A N 116 b. 115% May 119% Apr.
R. W. A Ogd.,consol., 5s.1922 A A 0 117*ab. 113% Apr. 119 % Sept.
West Shore, guar., 4 s___ 2361 J A J 106% 103% Feb. 107% June
N. Y. Chic. A St. L.—4 g . ..1937 A A 0 103 %a. 101% Feb. 107 Sept.
N. Y. Laok. & W.—1st, 63.1921 J A J 135 b. 131 alar. 136 June
Construction, 5s...............1923 F A A 117 **b. 113% Feb. 117% Sept.
N.Y.L.E.&W.—1st, con.,7g. 1920 M A 8 143 b. 125% Mar. 143 Oct.
2d consol., 6 g ................. 1969 J A D t 80 a. 155% Feb. 181% Sept.
Long Dook, consol., 6s,g. 1935 A A 0 130 t>. 126 Feb. 135 Sept.
N. Y. N. H. & H.—Con. deb. ctfs A A 0 137%a. 136 Sept. 147% June
92 b. 88 Jan.
N. Y. Ont. A W .—Ref .4s, g . 1992 M A S
95% Aug.
Consol., 1st, 5s, g ............. 1939 J A D *112 b. 109% June 113 May
N.Y.Sus.&W.—Istref.,5sg .l9 37 J A J 100 b. 95 J une 108 Jan.
Midland o f N. J., 6s, g . 1910 A A 0 Il4 % b . 114% June 119 Jam
69 b. 48% Feb.
Norf.A W.—100-year, 5 s,g .l9 9 o J A J
70 Apr.
No. Paoiilo—1st, coup., 6 g. 1 9 2 1 J A J 118*4 112 Feb. 119 % J une
General, 2d, ooup., 6 g . 1933 A A 0 102
81% Mar. 104 Sept.
General, 3d, ooup., 6 g . .1937 J A D 72 b. 49 % Mar. 74% Sept.
Consol, mortgage. 5 g ...l 9 8 9 J A D 39%
45 June
24 Jan.
81%
Col. trust gold notes, 6s. 1898 M A N
70 Mar. 89 June
Chic. A N. Pao., 1st, 5 g.1940 A A 0 t 47 b. t37 Jan. 151% Sept,
Seat.L. 8. & E .,lst,g u .6 .1 9 3 1 F A A *149 b. t38 Jan. i 51 % Sept.
No. Paoifio & Mout.—6 g ..l9 3 -i M A S t 35
30 Mar. 41 May
No. Paoifle Ter. Co.—6 g ...l9 3 s J A J *103%b. 96 Jan. 106 July
Ohio A Miss.—Con. s. f., 7s. 1893 J A J 107
106 Aug. 108% June
85 b. 81 May
Ohio Southern—1st, 6 g . ..1921 J A D
96 Jan.
General mortgage, 4 g .._ 1 9 2 l M A N
52% Apr.
35 b. 29% May
95
101
Oet.
Oregon Impr. Co.—le t, 6 g. 1910 J A D
92 Oet.
Consol., 5 g ........................193!! A A O 38*2b. 36 Sept. 55 Mar.
112%
June
J
A
J
l
l
l
%
a
.
Ore. R. A Nav.Co.—1st, 6 g.1909
106% Jan.
Consol., 5 g ....................... 1925 J A D I 97%b. 173 Jan. 103 % Aug.
Penn. Co.—4% g., c o u p o n .1921 J A J *113 b. 109% Jan. 116% Jane
Peo. Deo. A E v a u s v .—6 g. 1920 J A J 103 b. 92 Feb. 103 M ay
Evansv. Division, 6 g . . . 1920 M A 8 n o s b. 93 Mar. 103% July
2d mortgage, 5 g .............. 1926 M A N t 40 a. 35 Feb. i 37 Oct.
89 Oet.
87 b. 67 Jan.
Phila. A Read.—Gen., 4 g. 1958 J A J
39*2
ls tp r e f. inoome, 5 g.......1958
18% Mar. 41% Sept.
23*ab.
2d pref. inoome, 5 g ....... 1958
9% filar. 25% Sept.
17 b.
3d pref. income, 5 g ....... 1958
6% Mar. 19% Sept.
88% Sept.
Pittsburg A Western—4 g.1917 J A J 86 a. 80 Apr.
79% June
77
Rio Gr. western—1st, 4 g,193u J A J
63 Jan.
St. Jo. & Gr. Island—6 g .,19 2.) M A N i 64
151 Feb. t66 Aug.
St. L. & San F r.—6g.,C l.B .1900 M A N 113 b. 111% Apr. 118 A ug.
111 Mar. 118 Aug.
6 £., Class C.......................1906 M A N 113
General mortgage, 6 g .. 1931 J A .1 110 a. 102 Jan. 112 June
56% Sept.
53%
49 Mar.
Cons. guar. 4s, g .............. 1990 A A 0
82 Sept.
62 Jan.
79%
St. L. So. West.—1st, 4s, g.1980 M A N
4 0 7sSept.
35
16% Jan.
2 d ,4 s,g., in o o m e .......... 1989 J A J
St.P.M. AM .—Dak.Ex., 6 g . 1910 M A N 122*2 115 May 123% June
lstoon sol., 6 g ..................1933 J A J 124 b. 115% Mar. 123 June
“
redu oedto 4 % g .. J A J 106% 100% Jan. 106% Oct.
95% July
Montana Extension, 4 g.1937 J A D 93 b. 84% Apr.
68 June
52 Jan.
8anA ut.A A .P.—lst,4 g .,g u .,’43 J A .1 61%
Sav. Fla. A West.—1st,6 g.1934 A A O ■110 b. 112 Jan. 117 Jan.
98
% A ug
M
A
N
95
May
98
a.
So. Car. & Ga.—1st, 5 g ___ 1919
86 Mar. 101% June
So. Paoiilo, A riz.—6 g .. 1909-10 J A .J 97%
115
Sept
lll*
2
b
.
109%
Jan.
A
A
0
So. Paoiilo, Cal.—6 g -----1905-12
95% Aug.
88 Feb.
lstoon sol., g o ld ,5 g ....... 1937 A A O 93%
110
June
99%
Jan.
J
A
J
105
b.
So. Paoiilo, N. M .- 6 g ....... 1911
99% June
84% Jan.
Southern—1st oous. g., 5s. 1994 J A J
96*2
93 % Aug.
E. Tenn. reorg. lien 4-5s. 1938 M A S * 92 b. 79% Feb.
July 116 June
E. T. V. & G.—1st, 7 g . . .1900 J A J 112*8b. I l l
111
Sept
102%
Feb.
M
A
N
110*sb.
Con. 5 g ...........................1956
Georgia Pao. 1st 5-6s, g.1922 J A J 114 b. 107% Mar. 115 June
116
Aug.
J
A
J
115 b. 111% Mar.
Knoxv. A Ohio 1st 6s, g. 1925
118 Jan. 122% June
R ioh.& D anv. eon. 6 s ,g .1915 J A J 122
116%
June
W eat.No.Car.lsteou.6s,gl914 J A J 116 b. 109 Feb.
96% Oct.
Tenu.C. I. A K y.—T en.D .,lst,6 g A A O 95 b. 77 Jan.
78 Mar. 99 June
Birmingham D iv., 6 g .,.1 9 1 7 J A J
97
94% S ep t
83% Jan.
Texas & P aoiilo- 1st, 5 g ..2 0 0 0 J A D
88
32 Sept.
21% Jan.
24
2d, inoome, 5 g ................. 2000 Maroh
Tol. Aun Ar. & N .M .—6 g.1924 M A N * 90 b. 175 Mar. 193 Oet.
107% Feb. 112% June
Toledo A Ohio Cent.—5 g . 1935 J A J I l l
57 Feb. 179 O et
78%
Tol. St. L. A Kan. 0 .—6 g .,1 9 1 6 J A D
Union Pacific—6 g ...............1898 J A J 111*2 102% Mar. 111% Oet.
Ext. sinking fund, 8 ........ 1899 M A S 100 %b. 89 Mar. 101% Aug.
Collateral trust, 4 % ........191a M A N M 55 a. 138 May 163 Aug.
98 % S e p t
98 a. 83 Feb.
Gold 6s, ooi. trust notes. 1891 F A A
Kan. Pao.-Den. D iv., 6 g. 1899 M A N 114% 103% Mar. 114% O et
i
87 O et
62
Feb.
M
A
N
1
85
1st oonsoi., 6 g .............. 1919
t87% Jan. 1107% Oct.
Oregon Short Line—6 g .. 1922 F A A tl0 7 %
39 Feb. i 64% Oct.
Or.S.L.AUt’hN.—Con.5g.1919 A A 0 t 62%
46% s e p t
U .P .D en.& G ulf.oon .,5g.l939 J A D 41 *4b. 32 Feb.
U. 8. Cord.—1st col., 6 g .,1 9 2 4 J A J I 45 b. 35 % J une 64 Jan.
91% Feb. 103 June
Virginia Mid.—Gen.M., 5S.1936 M A N 103
104% May 109% Sept.
Wabash—1st, 5 g ................. 1939 M A N 109
81 S ep t
63% Feb.
2d m ortgage, 5 g .............. 1939 F A A 78
J
A
J
*110 b. 102% Jan. 111% Oet.
West. N. Y. A Pa.—1st, 5 g.1937
Gen. 2-3-4S, g old .............1943 A A 0 * 48 b. 45% June 50% Sept.
West. Uu. Tel.—Col. tr. 5s. 1938 J A J *110 a. 106 Jan. 111% June
44 Mar. ]t 64% se p t J
Wise. Ceut. Co.—1st, 5 g .,1 9 3 7 J A J t 58%
E^Note .—“ b ” indicates price bid; “ a ” prioe asked; the range is made up from aotual sales only.
' Latest prioe this week,
t Trust reoeipts.
NEW YORK STOCK EXCHANGE PKICES—(Continuod).— IN A C T IV E BONDS— OCTOBER 18.
SECURITIES.
Bid. Asb.
Railroad Bonds.
(Block Exchange Prices.f
Alabam a Mid.—1st, g., guar. 1928
A. T. A S. F —2d, -is,Class B . 1989
Chicago
St.Lou.—1st, 68-1915
Ool. Mid. 1st, g., bo.............1 9 3 6
A tl. * Pao.—2 dW . D .,gu . 6s. 1907
Western Division incom e.-.1910
Balt.
>hlo—1 st,. 6 h. Park B.1919
92
SECURITIES,
SECURITIES.
Bid.
Ask
96** 98
Buff. Ri ok. & Pitts.—Gen., 58.1937
Balt. & O kio^5s,
.........1925 110
124
Rooli.
P ., 1st, 6s................1921
jon s. mort., gold, 5s............ 1988 '115
121**
Rooh. & Pitts.—Cons. 1st. 6s. 1922
W. Va. <fe Pitts.—1st, g., 5 s ..1990
Bull. & Susquek.—1st, 5s, g ..l9 1 3 *95
B. & O. 8. ., 1st, g., 4**s...l990 110
Hurl Ced. Rap. & No.—1st, 58.1906 108
Monon. River, ls t g .,g . 5 s ... 1919
99
Consol. & oollat. tr u s t,5 s ... 1934
121
rjent’lO liio Reor.—1st, 4**s.l930 A103 58
Minn' <fe 8t. L.—1st, 7s, g u ..l9 2 7
Ak.dt Ch. Juno.—Ist,g,5e,gu.l930 102
105”
103
Iowa
O.
&
W
est.—1st,
7
s
-----1909
79**
Brooklyn Elevated—2d. 5 s ... 1915
Ced. Rap. I. F. & N., 1st, 68.1920 101
88**
3*4 Seaside & B .B .—lst,g .5 s.g a .l9 4 2
1st. 5 s ................................
121
Brnnsw k & W’ n—1st., g *s, 1938
THE
O ctober 19, 1895.]
695
CHRONICLE.
NEW VOltK STOCK EXCJIA.N 0 E P R IC E S .—IN A C T IV E BONDS—{ContinuedJ — 0 3 1 OBER IS .
SECURITIES,
BU.
Ask.
SECURITIES.
Bid.
Ask,
SECURITIES
Bid.
Ask.
90% Norf.&W — AdiuatmentM., 7 sl9 24
......... . . . . . . ;F.AP.M.— » t Huron—1st, 5s 1939
90
nent, os........................1908
80
'9 3
....... 'la . Cen 4: Pen.—1st g. 5a.. ..1918 105
92
97%
Val. 1st 58.................1957 ‘ 55
..................
la to o n . g., 5 a ........................1943
65
6 0 ‘s
58
RoanokeASo.—lat, gu. 5a, g.1922
1v i. Worth * R. G.—l s t g ., 5 s ..1928
104% ....... Gal. Bar. A San Ant.—1st, 6 s .1910
Scioto Val. A N. E.—1st,4s,.1990 *84
85M
104»i Ohio & Miss—Consol. 7s .........1898 106M
105%
2d mort., 7a.......................... .1905
1"7
2d consol. 7 a ......................... 1911
Ga. Car. A Nor.—1st, gu. 5a, g.1929
95
Spring.DIv.—1st 7s...............1905
a...
Grand Rap. A Ind.—Gen. 5 s.. 1924
99
General 5s. ........................... 1932
G. B. W. A St. P.—lat, eon. 5s. 1911 ‘ V S "
*2
2% Ohio R iver R R .—1st, 5s.......... 1936
2d lne. 4s....... ......................... 1906
103
106**
Gen, g .,5 a ............................... 1937
106 >a ------ Housatonlc—Cons, gold oa
1937 125%
Omaha A St, Louis.—1st, 4s. .1937
50
N .H aven A D erby, Cona.58..191S *114*s
, ___ 'Oregon A Calitor.—1st, 5s, g.1927
*91
Hous. A T . C.—Waco A N. 7s..1903 135
89
90 1
113 lOreg. R yA N av.—Col.tr. g ..5s.l919
107
* la t g .,5 a (in t . gtdi................ 1937
Penn-P.C.C.ASt.L.Cn.g.41ssA1940 110 %
Cons, g. 6s (lilt, e td ).............1912 105 110
...
Do
do
Series B ......... 110%
Debent. 6s, prin. A in;, gtd.1897
...................
Debent. 4s, prin. A int. gtd.1897 •so
P .C .A 8.L.-lat,0.,7a................1900
Pitta. Ft. W.A 0 —lat, 7 s ...1912
Illinois Central—lat, g., 4s ...1 951 112
2 d , 63.......................................... 1911
2d, 7 s ...................................1912
1st. gold, 3% a........ i .............. 1951 10 2 %
Oh. V .-G ea .con .lst,g u .s
1903 117
Gold is .................................. 1952 lO i
3d, 7a.................................... 1912
C vluago & Alton—8. F., 6a
,1900 112
Ch.SLL.AP.—1st, con .os.g... 1932 115
Cairo Bridge—la ................... 1950
Ltafa. A Mo. R iver—1st
,1900 112%
Ciev. A P.—Cons., a. fd., 7a.1900 118 118%
IQS'* t‘o*5%
2d. 7 s ............................
114%
1898 104%
Gen. 41*8, g., “ A .............1942
Bn L. Jacks. A Chic.—2d
.1912 104 v*
•108
8t. L V . 4 T . R - 1 st,6 a .,78.1897 105% 106%
M il*.R. Bridge—lat, a. f.
.1926 104 4
lat, consol., 7s.....................189' •108
2d, 7a.................................... 1S98
C b u . Burl. A Nor.—le t,S i
.1896 95 j
Gold, 5s, c o u p o n ................ 1951 121 125
2d. guar., 7a.........................1898 107* 10T *
.1901 *104 4
i G d .R A I.E x t.—1 st,41*3,G.g. 1941 111
Memp. Div., lat g. 4a........1951
.1919 *1064
*7717] 143“ P eo.A E .-lud.B .A W .-lst,pf.7a.l900 111 11*3“
Io /a Dlv.1919 99% . . . . . .
Ohio tnd.AW.—la tp ref. 5a. .1938
. . . . . Ind. nia. A Iowa.—let, g. 4a ..1939 ........
.1921
....
Peoria A Pek. Union—lat, 6 a .1921 110*
91%
2d mortg., dtas...................... 1921
1st, ext , K. 5 b........................1943
69%
Chleago A Iow a D if..1936: ....... ! 1034 IM . A G. N il.—3d, i s . g .......1921
•30
33
Pitts. Oleve A Tol.—1st, 6a...1922
Cnle. a Indiana Coal—1
75
.1898 109 111
73
K lngsC o.-F.El.,let,5,g.,gu.A .1929
Cbl. Mil a St.P.—lat,8«
Pitta. A L. Er.—2d g. 5s, " A ” . 1928
I06
.1898; 125
Pitts, Me. K. A Y .—lat 6s____1932
Lake Erie A West.—2d g., 58.1941
ad, 7 3-lOa, P. D ........
.1902; 125
L . 8 . 4 M.Soo.—B .AE.—N ew 7a.’98 107
Pitts. Painav. A F.—1st, 5s. ..1916
1st, 7e, 8 g., R D .... ..
. . . . . . 1 Det. M. A T.—1st, 7e............1906 ’ (28
.1397 125
128% Pitts. Sbeu. A L. E.—lat,g.,5a. 1910
1st, I. A M., 7 s ..........
83
111
.1899 125
1st consol. 5a..........................1943
Lake Shore—Dlv. bonds, 7a. 1899 109
.1903 125 i
Kal. Ail. A G. R.—lat go. 5a.lu38 114
Pitta. A W est—M. 5a, g. 1891-1941
1st JO. A M ,, 7a..........
80
.1908 127 4 . . . . . .
Pitta.Y'gat’nAA.—lat, 5s.oon.1927
Mahon'g Coal R R —lat, 5a. 1934 - *19
1st, I. A D. Extension,
1919 1084 110
Lehigh V..N.Y.—1st gu.g.4%8.1940 103% ___
Rio Grande So.—1st, g., 5 a ...1940
1st, L j f . A Day., 5 a..
.1910 *
128% Eehlgb V .rerm .—1st gu. 5a,g. 1941 110 j......... St. J ob. A Gr. Ia.—2d in o.........1925
1st, 11 A D .,7 s ..........
.1910 ’ 107
Lohtgh V’y C oal—la t 5e,gu.g. 1933 ' . . . . . 102
Kan. C. A Omaha—lat, 5 a ..1927
1st, H A D.. 5- .........
.1910 118 1119
I.lb-hi. C ar.* W est—lat 6a. g . 1916
St. L. A. A T. H .-l'o r m . 5 s.. 1914 105 107
.1910 1 0 7 s
Bellev. A So. 111.—lat, 8 a ...4896 102 % ........
.1921 m o
Bellev. A Car.—lat, 6 s .____ 1923 100 105
Dung Island—1st, 7 a ................1898 H Q 's1
.1924 113
Perry, 1st, g., 4% s................ 1922
Chi,St.L,APad.—1at,g(Lg,5 a 1917 102
.1916
.....
Gold I s ....... .........................1932
St. Louia So.—lat, go. g. 4 s .1931
80
Dakota A Gt. Sooth., 5 s ... .1 9 1 6 M 0 7
» . Y. A R 'w a y B.- 1 s t , g .54.1927 103 I
do
2d Income ,5a. 1931
70
37 % *3
MIL A Nor. Otaln l i n e - 6 » .. .1910; 117 ! 120
2d tnortg., m e..................... 1927
Car. A Shaw t.—lat g. 4*___ 1932
80
C ale. A Norw.—30-rear den. 5i .'9 2 1 • ....... |110
St. L. A 8. F.—2d 6 a ,g „ cl. A . 1906 113
N.Y.AMan.Beaoh.—lat, 7a, 1897 103
j lUcanab* A 1. 8. 1st, 6 a ... .1901 107
General 5a...............................1931
96
N Y.B.AM.B. —Istoon. 5a,g.l935 .04
99
^ Jea M A Mian.—1st, 7 » ... .1907 117% . . . . . | Brooki'nAM oataa k—lat,6a. 1911
1st, truat, gold, 5a............... 1987
80
83
'
121 !
1 s t,3 s .................................. 1911,
Iowa Midland—1st, Me.*... .1900 116
Kau. City A 8.—let, 6a, g ...l9 1 0
Peninsula—lat, w a r , 7 «.. . 1899' . . . . . . ____!
No. Shore Br.—lat 0011.5s.g. 1932 103 %
Ft, 8 . 1 V . B. Bg. —lat, 6 s . ..1910 100
.1898 10*
t 10% Louis.i.v.i:iv.X8t L .—Con.5*. 1939; > . . . . . 43
Kansas Midland—lat, 4», g.1937
Win. A St. P.—2d, 7s.......... .1907 -124 l
8t. Paul City Ky, con . 5s, g .. . L:*37
Louis. ANash.—Cecil. Br. 7 a . 1907! . . . . .
97%
.1905
113
!
E. B . A Sash.— let 6a, g , . . . 1 9 l 9 '112% 116
G old 5a, g u a r .........................1937
Mil. A Mad.—1st, 6a..........
St. Paul A Duluth—lat,5a___ 1931 112 %
Pensacola Division, 6s ....... 1920
O tt O. r . A St, P.—1*4, 5*. 1909 * 108
..'Northern III.—lat, 3a......... .1910*109
t - - f - : St, lou ts Division, let, 6a,.. 1921 • x 2 4
2d mortgage 5a.......................1917 103**
. . ..!
MU. L. 9.A W .—Con.deb.,5a .10071
2d. 3 a ...................................1980 •70
St. Paul Mum A M.—lat, 7 s.. 1909 10.1
M ich. D ie., lat, 6 a ........ .1921 126
113
Naahv. A Decatur—la t ,7 s ..1900; 113
2 d in o rt,,6 «.....................
1909 117
il9 2 5 ! 124
8, t , 6a .-S . A N. A la.............1910!
H lnneop. Union—lat, 6a___1922
126
%l 905 ........ ! 66
Mont. CMn.—lat, guar., 6»..193 7
10-40, gold, 6a...................... 1924 103*'
119%
a 1903 . . . . . .
lat guar. g. 5#.....................1937
50 year 5*. g ......................... 1937 * 1 0 3
It 5
.U>o5; ....... ..... ! Pens. A A t .- 1st. 6 s, g o ld ...1 9*1
Rxseasion, An...
E a st Minn., 1st dlv. 1st 5a.1908 104
K aoknk A Dea M, -lat, 5a. .1923 103 1105 ! 1 Villa!. trust. 5s, g ...............1931 105*'
WUniar&SlouxP.—1st, g ,5 a .l9 3 1
____ San Fran. A N. P.—lat, g., 5s.1919 100
.1918 132 133
Nasb.PI0r.A8 . —1st, gu., 5 s . 1937!
a t Paul A S . C,—tat, 6a.. .1919 I2w4 . . . . . I Kentucky C e n tr a l-is , g ..1987 *93” ....... IlSoutUern—Ala. Cent., lat 6 a .1918
Ohio, A W. Ind.—lat. a. f., 1 .19191
....
Ln*.N. Aib.At 'll.—Gen.iu.g.5*.1940; 78
79*4 j AO. A Char.—1st, prof,, 7 a ..1897
General mortgage, 6 a .... .1932! 117
Memphis A Chari.—6a, g old .. 1924!
Income, 6a ....................... 1900
Cta Ham. A D .-C o a . a. f „ 1.1905! 118 ' ■-e-r* ; lat eon. Tran Hen, 7 s .......1 9 1 5
Colutu. A Green.—let, 5-6a.I910 113% 115
" l* lT
Id , gold, 4 % . ................... -1437
....
E. Ceun.V. A G a.—Dlvla. ia 1930 115
|Mexican C eut ConsoL—4a, g ,1 9 il[
Ola. D. A tr*a—let, go. 5e f. 19-41! l l o
Rioh,A Dan.—E(j. a. I, g. 5a. 1909
l i '24 ! 1st, cons. Income 3s, g___..1939!
95
Cler. Vk. A C o L -E q . A 2d U1930; . . . . .
Debcu. 3s, stam ped ......1 9 2 7 100
!Hex. International—1st, 4a,g.l942[
C.C.C. A St. 1...Calru dlv. — , 1939; *90
9i
Mexican National—1at, g., 6s. 1927!
Vtr'a Mid.—Serial aer.A, 68.1006
a t Do a. D ir . —l*teoUs»'14< M 990 * ..... ! 95
2*1, incom e. 6a, ••A " .......... ..1 9 1 7 '
Serb's B. 6 » ......................... t o i l
Spring. ACoLD l».—l*t,g. .1940 ........
2*1, Income, 6 a. •* 11" ............. 1917,
Berlea C, 6* .........................1916
8
Waite W.VaLDlr.— t*t,g. .1 9 4 0 *.......
90
Series D, 4-5a..................... 1921
Michigan Central—Us.............. 1909! 118%
1. 199lj 95
Coupon, 5s...............................1931' • li7
Series F, 5 a . . . . . . . . . . . . . . . . 1 9 3 1
Wash.u .AW.—1st our.gu. la. 1924
*.i936|*10o
Mortgage 4a.......................... 1940;*104
1014
82
140 ! IUL* AStt gl«. —1at ,3»,g.gu. 1939 ........1____ Ter. R R Aa'n of St. L.—
Consol , 6* _______ _
Cla.8an.ACL—C on.lat^.S s, 1928 110
; Mlnn.A St. L —1st, g. 7 s ........1927 145 ! ___
1st, I'sa. .................
1939 109
C. Col Cln. A Ind.—1st, 7»,».f. 1899 *112
lat. oon. g. 5a.............1894-1941 102%
lo w * Extension, lat,7s.......1909! L 8 % 132
HI. 1..Mcr. Hr. Term ,g.oa,gu..iU3o 103%
Consol, sink, fon d, 7 s .......... 1914: . . . . . . I
Southwcat Ext.—lat, 7s.......1910! 128 >* 132
C ln.A Spf.—lstyC-C.GAl.7a. 1901 *110%! 115%
Texas A New Orleans—laL ?e,1905
Pacific E x t —lat, 6a ............ 1921 117% ....
Cleve. Lorain A W t t —1st, S * .l 9 3 1! I n 1 H o
Mo. K. A T e x .-la t , c it ., 5a, g . 19*4 *......... 94>t| Sabine Division, lat, 6a....... 1912 109
Mo.K.AT.ul r o i.l» l.g u .3 » .g ,lc 4 2 ......... 85%
Cleve A Maa. V.—G e'd , 5 a ... 193a ___
Consol. 5a, g . .........................1 9 4 3
2%
Del. Lack. A W.—Mort. 7a....1 9 0 7 ..... 133
Kansa- City A P „ la t,4 s ,g ..1990 *76** 77 |Tex, A I'ac., li. D.—lat, g. 6a.1903
108
fcSjrra. Blag. A N. ¥.—lat, 7a. 1906 126
Third Avenue (N .Y ).—la t 5a, 1937 121
Dal. A Waco— 1st, 5a, g u .... 19401*........ 88
Morris A Essex—1st, 7#___1914! 142 >*145 !! Missouri Pactllo—Trust 5 s ... 1917! 80 ; 85
Tol. A. A. A C a d —6 a ...............1917 *76
fua m ods, 7 s..... .......................1900 "1 ( 6 I11S , lste o U .,5 * . g ........................ 1920 76 ! ........ Illoledo A. A. a G 'd Tr.—g. 6s. 1921
90
.
Is of 1871...........................1901 117
I lf
Cv
*•*»r
Airk.B
A*ui*|4oi,
(BiEQvi/j
105 >* .....
........ ToL A. A. A Mt. PL—Oa...........1919
St Us9
L A I.
M.-A
r., 1st,7a.
1895 1UJT
35
vSS 1 s t eon., gu»r., 7s....... ...1 9 1 5 140 ___ . . M obile A O h io -1st ext., 6 a...1927 * ....... 115
Tol. A. A. A N . M.—5s, g.........1940
Warren -2*1, 7s . . . . . . . . . . . . . luovj 1J2
T,AO.0.—K an .A M., M ort ia.1990
S t L A C airo-4s, guar.......1U31I *86
83 '*3*3%
S7
U A H .C a n .—Pa. Dlv.,coup. 7s. 1917 142 I....... I Morgan's La. A T.—lat, 6 a ....l9 2 o '* H 8
Tol-P.A W.— lat 4s,lno.f'd.oouJu ly
SO
81%
A .oany A Saeq —1st, go.,7s. 1906! 123 I HOlg
24 i.........' Ulster A D el.—lat, com ,6.,5 s .1928
lat, 7*......................................... 1973
105%
1st, eons., guar,, 6* .......... 1906; 118%
__ i'Unlon Paolllo—le t ,6 a .........1 8 9 6
Nash, C hat A dt, L.—2d, 6a..1901
1 1 0 % 110%
Re is. A Sar. 1st, coup., 7*.1921 » t 43
....... l! lat, Ua....................................... 1897 1 1 0 % 111
N. O. A. No. E. -P t. 1., g., 6a.. 1915
....... li 1st, 8a...................................... 1899 111 % 113
D e a r . Tramway—Coos, 6a, g. l i n o
N. Y. C entral.-D eb. g. 4s. ...1 9 0 5 103
Metro pot. Ky.—Ist.gn. g.6«.1911
N. J. June—Guar, lat, 4 a ...1986 1014 lo d j! Collateral Truat, 6 a ..............1908 100
Den v. A R G.—Imp., g., 5 s ... 1928
Colla’eral Trust, 5a.............. 1907 •82
90
Beech Creek—lat. gold, 4 s ..1936 .......
91
Det.M . A M.—1„ g. 3 % *,ser.A .i9U
Kauaas Paoiilc—lat 6a, g . ..1895 109%
Oaw. A Rome—2(1,5*, g.,gu. 1915
20
25
D aiath A Iron Kasge -1 s t 5s. 1937 1 0 2 %
lat, 6a, g ............................... 1896 110 % 1 1 2 %
U U caA HI. Klv.—4a, g.,gii,19*Z2 104 ........
Erie -1 st, extended. 7 s .......... 1997 106
0. Br. U P - F . 0., 7a.......... 1895
N. Y. A Put.—1st, g., 4a. g 11.1993 103
24. extended, 5*............
1919 114
Atch. Col. A Pac.—le t, 6a...1905
44
45
Y. Elevated— lat, 7a
10 7% 107%
Atch. J. Co. A W.—lat, 6 s...1905
31, extended, 4%*................ 1923 117%
N, Y. N. B. A H —lat, rev 4*.1903
45
». tsb, extended, 5#.................. 1920 115
U. P. Lin. A Col.—la t,g ., 5a. 1918 •47
N. Y. A Nonueru—lat. g. 5 s.. 1927 117
Oreg.S.L. A U.N.,col. trot,5a ,1919 ‘ 35
*1 $th, extended, 4a.................. 192a 102
N. Y. Susq. A W est—2d, 4% a.l937
80
75
Utah A North.—lat, 7a........ 1908
f t 1st, con., *., f*d, 7 s .............. 1921*! 141
Gen. mort,, 5a, g .—........... 1940 ......
Gold, 5a................................ 1926
« | iteorg., let lien, f t * ............1908 ........ I „ . . .
94
WtlltA Eilat. — lat,gt(l.,g.5a.l942
Utah Southern—Gen., 7a ..1909
!». N, Y, A K.—let, 7 s ..........1916! 136
Nortncro Fac.—Divid’d scrip ext.
*5*7 % .......
Extern, lat, 7a................... 1909
n.Y.L. R A W .—F.,*l. cou, 54.1969 *........ ! 79
Jam es River Val.—1st, 6a ...1936
t CoL tru s t, 6*............. .........1922
79
. . . . . .... . . .
Spokane A Pal.—lat, 6a.....1 9 3 6
77
W
a
b
a sh —
U 427- A 8. W .-M ortg . 6 s---- 1908 ........ . . . .
StPaul A N. P.—Gen.. 6a..1923 123 124
Debenture, Her. A . . . ........... 1939
1 Jefierson—1 s t g w s. 5 a ___ 1909 1 0 3 % .........
HelenaARedM'n— l»t,g .,6 ». 1937
10
Debeuture,
Serbs* l i .............1939 '31
J deal * R R —6a...................... 1923! .........' ........* Dttlulh&Manitoha— lal,g.6al936
32
78
D e t A Chic. Ext. 1st, 5s. it. .1940
la Does * Im p t .,l9 t » k .o u r ’ o j . l 9 i 3 ! ......... ....... j! Dal, A Man Dak-DIv.—I»t0a.l937
98%
78
81
U.K.C.AN.
- St C.BdgeU * 1908 107
E ran*. * T .1 E —l»t,eou».,8* ..1 9 2 1 1 .........| . „ „ . ! ! Oeeord'Alene—la t,6 a ,g old . 1916
West N.Y.A Pa.,geu.g. z-J-48 1943 *48
1 at, general, g., 5 * ................ 1942
49
Gen, lat, g., 69.....................1938
( j 4 t Vernon 1st 6s .................192a
Incom e 5a...............
...Itf4 3 % 8% 19
30
so
C en t Washington— lat,g.,6a.l938
8 n i Co Br. 1st, g . 9a......... 1939;
West. Va. C. A P ate.—le t, 6 b. l o l l
Norfolk a- sou tb'n—let, b»,g .l941 105
|111%
Brans, A Indiaa.—let, eons.. 1926:
W heat A L E .—1st. 5a, g o ld ...1926 1 0 3 % l u 4 %
Norfolk A West.—G eneral,6a. 1931 122
Extension A Imp, g., 5s.......116 0 *92 I.........
New River lat, 6a..................1932
Flint A P. Marti.—M o rt, 6s. ,1920
118
's ‘ . con. gold. 5s .................lo in
Wis. Cent. Income 5a. ........... 1937 • 1 2 I ..........
91 % ’
Im p. A Ex*.. Ik........................1934
O.Ohio—Co). A Cin.M .lst.4% s,1939
C an t RR. 4 B .n k .-C o l sr.5s.1937
Cent, of N. J.—C onv.deb., 6S.1908
Central Pacific—
G o li londa, 6a......................1896
Gold bonds, 6 a ......................1897
San Joaquin Br., 6 »...............1900
Mort. gold 5a ........................ 1939
Land grant. 5a, g................... 1900
C»L A O. Dlv., e x t , g. 5 a ...1918
W est Paoifl-e—Bonds, 6a— 1899
No. Railway (Cal.)—1st. 6 e .l9 0 7
50-?aar 5a........................... 1938
Cites. A O.—Par. M. fund. 6 a .1898
Uralg Valley—l i t , g., 5a-----1940:
Warm Sor. VaL, 1st, g. 5 a ..1941
C ies. O. A 8o. W e st—1st 6s, g .1911
»
- * So price Friday; these aretae latest aaataUons made this week. For itisoellaneoas an d U nlisted
oitda.—see 30 page preoedjug
THE
696
Jmrcstmmt
CHRONICLE
R oads ,
|VOL. LXI,
Latest Gross Earnings.
\Weekor Mo\
1895.
1894.
Railroad Intelligence.
1895.
1894.
$
296,954
493,601
2,502,084
1,721 631
1,305,887
29,665
545,901
29,387
281,250
3,526,673
746.689
214,341
9,813
316.689
204,675
283,230
53.218
2,577,612
282,851
$
338,105
505,703
2,801,703
1,652.39?
1,249.176
36,878
287,175
26,978
328,782
3.336.482
748,068
183,943
3,677
397,484
217,674
276,367
57,488
2,711,682
308,011
136,111
3,193,777
121,803
1,147,579
14,594.234
2,450,905
306,502
50,259
104,297
855,850
7,227,685
1,704,959
3,394,973
462,920
2,443,38X
360,523
1,473,788
8,506,257
17,029,612
429,599
17,459,211
3,189,642
138,146
1,112,125
14,449,793
2,142,405
312,481
54,590
55,738
915,293
6,513,464
1,439,252
3,293,581
416,508
2,361,373
367,181
1,339,212
7,399,013
16,442,973
604,520
17,047,493
2,366,402
916,388
3,451,057
1 7 ,6 8 '
231,642
59,820
31,930,992
14,693,797
3 131,797
2,858,528
1,458,476
7,013,196
4,120,268
13,196,399
16,307
628.400
131,230
548.144
67,330
2,139,428
2,954,558
41,060,134
701.157
362,061
2.685,715
13,525,137
14,302,374
27,827,511
11.115,542
31,641
465,354
1,298,355
652,090
269.516
2,325.579
1,289,676
190,591
496,541
226,676
321,395
1,828.162
85,361
55,840
975,345
28,223
3,671.887
1,061,972
1,172,736
612.157
1,989,291
235,308
46,443
2,280,104
808,607
3,372,677
16,533
217,315
67,899
30,479,263
13,761,192
2,552,623
2,940,267
1,206,846
7,711,792
3,793,789
11,627,906
19,962
535,589
117,747
513.391
121,285
2,537,402
2.564.461
36,746.558
664,269
360.776
2,494.855
12.872,232
13,455.098
26 327.330
10,3 9,172
24,737
341,394
1,041,850
483,192
241,727
1,871,171
829,691
174,422
470,032
221,514
284,064
1.620,486
88,719
56,604
993,248
19,377
3,301,844
1,045,265
961,347
618,429
2,304,898
203.294
32,936
333, 866
76, 936
436, 434
28, .882
124, 002
1,007, ,374
3,126 997
4,134. 371
458, 540
4,592, 910
8i7; 452
164, 575
79. 204
225, 986
388, 864
131, 508
11 419
929
67, 681
55, 540
123, 221
230, 948
3, 857
19, 954
48, 772
2 0 604
38, 819
55, 806
2,920,117
680.216
3,589.309
147,836
1,053,338
8,523,738
20,713.650
29,237,388
3,439,33b
32,676,727
6,718,596
1,437,915
693,916
1,244,512
13,883,963
810.517
32,244
2.525.462
592,780
3,453,657
149,237
963,1^9
7.751 866
19,811 516
27,563,382
3,056,106
30,619,488
5,845,832
1,281,685
589.706
1,365,985
13,551,448
750,092
33,697
1,442.810
508,836
75,151
8,816,107
3,281,964
376,369
AND
Ind. Deo.&West. 4th w k Sep.
12,426
Ind. 111. A Iowa. A ugust___
67,206
97,470
In.& G t.North’n 2d wk Oct.
38,023
lln teroo. (Mex.) Wk Sep.21
44,173
Iow a Central.... 2d wk Oct.
4,150
iron R ailw ay... Septemb’r.
RAILROAD EARNINGS.
21,223
J aok. T. dt K. W A ugust___
T h e f o llo w i n g ta b le B hows th e g r o s s e a r n in g s o f U n it e d J amest’n <fcL. E. August___
4.009
8,614
S ta tes r a ilr o a d s (a n d a lso a f e w M e x ic a n a n d C a n a d ia n ro a d s) Kanawlia&Mioh 1st wkOct.
88,478
K.O.F.Scott
&M.
1st
wk
Oct.
fo r th e la te st p e r io d r e p o r te d . T h e s ta te m e n t in c lu d e s e v e r y
24,498
K.C. Mem.&Bir. 1st wk Oct.
s t e a m roa d f r o m w h ic h r e g u la r w e e k ly o r m o n t h ly r e tu rn s
20,328
Kan.C. N. W .... Septomb’r.
c a n b e o b ta in e d . T h e first t w o c o lu m n s o f fig u r e s g i v e th e
392
Kan. 0.& Beat. Septemb’ r.
12,106
K.
C.
Pitts.
&
G
..
2d
wk
Oct.
g r o s s e a r n in g s f o r th e latest w e e k o r m o n t h , a n d th e last t w o
4,987
Sub. Belt 1st wkOct.
c o lu m n s th e e a r n in g s f o r th e c a le n d a r y e a r fr o m J a n u a r y 1 to Kan.C.
7,565
Keokuk & West 1st wkOct.
a n d in c lu d in g s u ch la te st w e e k o r m o n t h .
6.383
L. Erie A ll.&So Septemb’r.
73.422
L.
Erie
&
West..
2d
wk
Oct.
The returns o f the street railways are not included in this Lehigh & Hud..
36,018
Septemb’r.
table, bu t are brought together separately on a subsequent page. Lex’gton i&East. A ugust___
20,000
Long Island....... Septemb’r. 407.904
Jan. 1 to Latest Date.
Latest Gross Earnings.
Los. Aug. Term Septemb’r.
9,981
30.742
Louis.Ev.&St.L. 2d wk Oct.
1894.
1895.
1894.
Week or Mo 1895.
430.375
Louisv.&Nasliv. 1st w kO ct
70.882
Louis. N.A.&Ch. 1st wkOct.
$
$
St.L.&Tex. ItliwkSep.
11 , *20
113,153 Lou.
131.214
18,747
20,252
A d lresd aok....... A ugust___
4,696
Macon
&
Birin..
Septemb’r.
309,978 Manistique........
294,478
39,514
56,758
Ala. M idland... J u ly ..........
8.164
Septomb’r.
238,885 204.515 1,632,567 1,354,967 Memphis&Chas. 1st w kO ct.
Allegheny Val.. A u gu st—
25.288
49,965 tMexioan Cent..
56,792
5,160
7,523
Ark. M idland... A u gu st___
185,998
2d wk Oct.
Atoli. T. & S.Fe 1st wk Oct. 693,459 652.516 21,227,602 20,569,422 Mexican Inter’l August
212,9-*2
8t. L. & San F. 1st wk Oct. 132,571 136,067 4,153,311 4,503,858 IMex. National. 2d wk Oct,
89,192
2,335.973
2,792,298
57.788
79,058
Atlantio <fePac ls tw k Oct.
64,315
Mex.
Norcuern..
August
Agg. to ta l... 1st wk Oct. 905,088 846,371 28,473,211 27,409,252 tMexioan R’way Wk 6ep.28
51,116
29 ,661 Mexican S o..
282,721
34,318
35,862
Atlanta <fe W. P A u g u st...
9,950
4th
wk
Sep.
375,280 Minneap.&St.L.
404,483
14,785
12,144
Atlan. & D an v.. lo t wk Oct.
49,943
133,951 Mo. Kan. <fcTex. 2d wk Oct. 310,939
135,267
17,092
2 0 ,0 2 0
Austin & N’wcst J u ly ..........
2d
wk
Oct.
B.&O.EastLines Septemb’r, 1,587,070 1,630,417 12,780,869 12,431,316 Mo.Pao.&lronM 2d wk Oct. 502.000
Western Lines Septem b’r. 499,349 454,999 4,028,868 3,360,024
1 1 ,0 0 0
Central Br’ch. 2d wk Oct.
T ota l............ Septem b’r. 2,086,419 2,0 5,416 16, >-09,737 15,791,340
Total........... 2d w k Oct. 513.000
Bal.&O. Sou’ w .. 2d wk Oct. 138,437 136,492 4,973,210 4,859,434 Mobile & Birm .. 1st wk Oct.
7.067
202,881 Mobile & Ohio..
468,909
35,997
56,769
Bangor&Aroost. A ugust—
11,633 Mont.&Mex.Glf. Septemb’r. 271,843
13,015
2,186
2,258
Batli <fe Ham’ nds J u ly .........
108,00'
Septemb’r.
15.944 Nash.Ch.&St. L.
14,683
1.786
2,446
Bir. <feA tlantic. Septemb’r
Septemb’r. 429,556
30,331 1.642,506 1,356,02' Nevada Central A ugu st___
35,106
Brooklyn E lev .. 2d wk Oct.
1,883
293 118 N. Jersey &N.Y.
289,594
40,537
46,064
Brunsw'k&West J u ly ..........
36,963
A ugust___
2,058,919
•*8,250
64,303 2,366,858
Buff. Rock.&Pitt 2d wk Oct,
9,427
New
Orl.
So’u.
Septemb’
r.
83,553 3,057,824 2,754,187 N. Y. C .& H . R. Septemb’r. 3,973,263
Bur. C.R ap.& N . 1st wk Oct. 138,553
670.526 N. Y .L .E .& W.
725,191
211,064 186,379
Camden & A ti.. August —
2,323,167
13,583,141 14,049,983 N .Y .P a.& O hio. J u ly ..........
492,000
512,000
CanadianPaciih 2d wk Oct.
579.362
J u n e ........
41,404
34,491
6,5b 4
6,226
Oar. M idland___ Septem b’r.
79,812
N. Y. Out. & W.. 2d wk Oct.
406,415 390,404
Cent, of Georgia A ugu st---190,406
N.Y.Susq.&W*.
August___
Central o f N .J .. A ugu st___ 1,277,399 1,155.846 8,326,701 8,032,093 Norfolk & West. ls tw k Oct. 213,848
Central P acific.. A u gu st.. 1,260,445 1,437,993 8,318,354 8,300,058 North’n Central August---578,072
361.766 North’n Pacific
303,356
47,999
58,282
Charlest’n&Sav. J u n e ___
1st w kO ct. 547,042
50,625
68,593
5,303
8,328
Oheraw.&Dari.. A ugust---2,753
Ooonee
&
West
A
ugu
st___
Ches. & Ohio— 2d wk Oct. 195,944 193,918 7,455,610 7,047,469 Ohio R iver....... 1st w kO ct.
21,976
Ches.O.&So.W.. Septemb’r. 216,715 203,479 1,731,60* 1,524,912 Ohio Riv.& Clias Septem b’r
14,916
157,951 174,297 1,085,901 1,075,861 Ohio Southern. 1st wkOct.
Chio. Bur. & N o. A ugust---17,230
Chic. Bur. <fe Q .. August___ 3,074,196 2,934,144 19,466,896 20,550,878 Omaha & St. L . . M arch.......
23,601
87,140 2,813,317 2,475,320 Oregon Imp. Co. A ugust___
Chio. & East. Ill 1st wk Oct. 100,015
294.531
187,149 158,533 1,350,385 1,234,124 Pacific M ail___ August___
Chioago & Erie. J u ly ..........
347,455
84,503 2,928,313 2,744,925 Pennsylvania... A ugust___ 6,085,961
96,452
Chio. Gt.West’n. 1st wk Oct.
Chio.M il.&St.P. 2d wk Oct. 836,407 637,289 22,233,802 22,064,565 PeoriaDeo.&Ev 2d wk Oct.
19,817
Ckic.&N’tkw ’n. A ugust— 3,070,528 2,750,558 18,775,225 18,925,546 Petersburg....... . A ugust___
45,947
596,455
701,389
18,672
20,377
Ohio.Peo.&St.L 1st wk Oct.
452,415
Phila.
&
E
rie...
A
ugust
..
Chic.R’k I .& P .. Septem b’r 1,531,080 1,522,481 10,935,413 12,120,493 Pliila.& Read’g. A ugu st___ 1,906,417
701,063 612,503 4,132,826 4,562,646
Chic.St.P.M.&o. A u gu st—
C oa l& Ir.C o... A ugust___ 1.960.140
34,489 1,318,750 1,202,136
38,518
Chic. & W. Mich ls t w k Oct.
Total both Cos. A ugust__ 3.866,557
165,732
240,702
56,421
74,912
Choc. Okl. & Gif. March
Pitts.C.C.&St.L.
Septemb’r. 1,428,201
51,388
48,709
7,312
6,416
Cin.Ga.& Ports. Septemb’r.
3,750
Pitts. Mar. A on Septem b’r.
1,422
Cin. & Kent. Sou. A ugust___
12,379
Pitt.Shen.&L.E
1st w kO ct.
491,983
487,139
12,363
14,003
Cin. Jack. Mac. 2d wk Oct.
37,154
Pittsb.
&
West
Lst
wk
Oct.
63.000 2.552.000 2,387,000
79,000
C in .N .O .& T .P 3d wk Sept
19,239
Pitts. Cl.&Toi 1st wk Oct.
949,000
27.000 1.027.000
29,00<
A la.G t. South 3d wk Sept
8,482
Pitts. Pa. & F. 1st w kO ct.
757,152
885,206
19.000
25,00t
N. Orl. & N. E. 3d wk Sept
65.883
Total system. 2d wk Oct.
339,453
335,723
9.000
9,00<
Ala. <fc Vicksb. 3d wk Sept
179,349
Septemb’r.
Pitt.
Young.
<
&
A.
341,097
339,408
9.000
8,001
Vicks. Sh. & P . 3*1 wk Sept
25,605
Qulnoy 0 .& K .( Septemb’r.
Erlanger Syst. 3d wk Sept 150,00c 127,000 5,139,337 4,773,702 Rioh.Fr’ksb.&P. A ugust—
54,938
185,640
199,838
23,565
28,505
Cin. Ports, <k V . Septem b’r.
29,831
567,346 Rich. & Petersb. A ugust___
598,106
73,096
82,620
Clev.Akron&Co A ugust___
10,133
2d
w
k
Oct.
Rio
Gr.
Soutli’n
495,080
430,490
18,587
17,155
C lev.C an.& S o.. 4thwkSep.
58,700
Rio Gr.West’n .. 2d w k Oct,
Cl.Cin.Ch.&St.L 1st wk Oct. 288,076 287,684 10,570,875 9,548,520 8ag.TusoolaAH. Septemb’r.
11,373
32,916
39,816
Peo. & East’ n . 1st wkOct.
7,460
949,194 Sag.Val. & 8t. L. A ugust___
32,196 1,098,841
34,150
Cl. L or.& Wheel 2d wk Oct.
27,460
496,275 St. L. A. & T. H. ls t w kO ct.
498,999
38 544
45,272
Col. M idland___ 4thwkApr
3,546
Septemb’r.
St.L.Ken’et&So.
1,941,830
1,839,322
Col. H .V .& T o i Septemb’r. 288,985 279,674
604,791 St.L.Southw’rn. 2d wk Oct. 125,500
698,616
23,398
21,187
Col. Sand’y & H . 1st wk Oct.
Septemb’r. 162,369
St.Paul&
D
ul’tb
16,659
14,020
3,100
1*400
Colusa & Lake . Septemb’r.
155,673
San Ant. <k A .P . A ugust___
772
1,196
Crystal............... A ugust___
28,075
503,739 S.Fran.&N.Pac. 4th wkSep. 285,519
538.206
85,925
91,940
OumbTdVaUey. A ugust—
J
u
ly
...........
Sav.Fia.
&
West.
Denv. & R io Gr 2d wk Oct. 183,100 166,100 5,506,661 5,0*7,340 81ier.8hrev.& So st wk Oct.
10,137
817,701
875,934
22,736
22,386
Det.Lans’ g&No. 1st wkOct.
9,500
172,609 Silverton........... Septemb’r.
260,558
21,162
34,225
Det.& M ackinac A ugust---Pacific Co.—
34,977 1,369,083 1,311,016 So.
41,684
Dulutho.S.&Ati. 1st wk Oct,
387.854
Gal.Har.&S.A
A
ugust___
750,286
800,068
97,087
90,096
Elgin. Jol.&East Septem b’r.
74,349
Louis’aW est. A ugust___
33,652
30,157
6,173
5,363
Eureka Springs. J u u e .........
433,191
Morgan’sL&T A ugust---217,451
215,496
5,226
6,607
1st
wk
Oct.
Evans. & Ind'plis
19,354
A
ugust___
N.Y.T.
&
Mex
82,489
79,617
1,971
2,345
Evans. & R ich .. 1st w kO ct.
134,590
Tex. AN. Orl. A ugust___
797,813
832,478
17,305
21,763
Bvansv. <fe T. H. 1st w kO ct.
1,053,472
A
ugust---Atlantic
sy
s.
b.
658,117 666.680 4,732,061 4 ,4 3 1 ,L44
Fitchburg.......... A ugust___
Pacific system A ugust---- 3,083,266
47,430 1,903,744 1,839,843
50,875
Flint & P. Mary. 1st wkOct.
Total of all. A ugust___ 4,136.738
73,629 113,731
Ft.W ’ tk&Den.u. A ugust___
438,383
Affiliated lines A ugust---223,900
280,273
12,979
16,098
Ft.W. <fe R io Gr. 2d wk Oct.
Grand total. A ugu st---- 4,575,121
6.504
4,828
560
885
Gads. & Att. U. Septemb’r.
So. Pao. of Cai A ugu st___ 996,964
961.980
939,011
33,434
41,027
Georgia R R ....... 2d wk Oct.
161,482
So.Pac.of Ariz A ugust___
324,364
302,834
10,781
16,381
Georgia & A la .. 4thwkSep.
. 85,593
So.Pac.ofN.M A ugust___
426,191
429,801
50,068
53.439
Ga. CarTa <fc No A ugust—
207,291
August___
Northern
Ry..
596,021
633.577
64,956
67,209
Geo. So. & F la.. Septem b’r.
2d wk Oct. 437,812
37,406 1,597,088 1,452,096 Southern R y ... A
41,779
Gr. Rap. & Ind. 1st wk Oct.
311.577 Staten Isl. R. T. ugust___ 153,020
338,520
8,308
8,475
Cin. R.&Ft.W . 1st wk Oct.
10,676
A
ugust___
StonyCl.&CMt..
37,075
34,593
7*0
688
Traverse City. ls tw k Oct.
1.384
80,634 Stut. & Ark. Riv. A p ril.........
93,780
2,071
2,399
Mus. G. R. & I 1st wk Oct.
79,852
A
ugust___
Summit
Branch.
1,881,381
2,063,980
48,535
53,341
Tot. all lines 1st w kO ct.
55,587
A
ugust___
Lyk.
Val.
Coal
Grand Trunk... Wk Oct. 12| 410,049 408,102 13,930,891 13,944,143
135.439
l ot’l both Co’ A ugust___
51,513 2,080,713 2,074,833
59,033
Chic. «fe Gr. Tr. W kO ct. 5
764,911 L’exas & Pacific 2d wk Oct. 167,145
760,336
22,480
Det.Gr.H.&M. Wk Oct. 5 1 21,878
3,390
Eex.8. Val&N W Septemb’r.
Great North’n 22.742
t'Ol.A.A.&No.M 2d wk Oct.
Bt.P. M. & M. Septemb’r. 1,758,416 1,473,174 9,365.661 7,826,391 Col. A Ohio Cent 2d wk Oct.
38,14.
750,541
992,788
East o f M inn.. Septomb’r. 197,792 101,901
21.970
Tol. P. A West. 1st wkOct.
Montana Cent. Septemb’r. 137,650 101,527 1,119,233 1,080,135 Tol.St. L .A K .C 2d wk Oct.
48.895
Tot. system. Septemb’r. 2,093.858 1,676,602 11,477,682 9,657,067 Ulster A Del.
59.57.
A ugust---29,336
29,211
3,335
2,840
G ulf <fe Chioago Septemb’r.
Union
P
acific27,035
33,673
4,192
5,413
Hoos.Tun.&Wil. August___
A
ugust___
1,209,587
Un. Pac RR
317,099
432,200
14,441
16,713
Hous.E.&W.Tex 2d wk Oct.
Or.S.L & U .N A ugust---- ; 462,594
86,295
73,400
11,499
10,500
Humest’n&Sken Septemb’r.
61,047
8t.J0S.AC4U.lS A ugust___
12,910,000
14,075,938
1,585,260
1,698,228
Illinois Central. Septomb’r-
Jan. 1 to Latest Date.
11,339
53,41
123,759
38,804
41,157
3,615
35,427
5,514
7,195
89,379
19,529
20,012
1,495
10,010
4,728
6.978
7,545
6 6 ,0 2 2
32,34*
14,439
400,171
16,523
29,277
421,120
62,852
11,? 39
5,517
4,419
23,491
161.169
157,100
91,506
45,397
59,432
10,657
46.880
322,810
485,00<
16,000
501,001)
8,189
248.208
81,043
377,812
2,112
33,536
7,028
3,788,351
2,077,125
451,850
70,500
150,999
219,025
596,724
488,698
2,321
20,998
13,202
19,061
37.738
351,218
318.170
5,739,055
18,745
39.953
422,399
1,783,666
1,589,386
3,373.052
1,349,923
3,666
12,282
36,874
18.261
10,870
66.004
127,506
21.953
52.617
27.022
7,750
51,600
10,951
7.358
28,790
2.429
142,900
147,825
165,884
30,488
259,337
10.005
4,000
,
,
593.235
758,651
523,438
447.848
1,206.499 1,116 673
4,824,795 4,969,356
30,708
28,9. 9
82*,277
8t 6.482
1,382,334 1,383,375
668,888
739.081
1,42 L,964 1,210,291
279 910
. 279,486
9.170,462
3,165,697
539,198
THE CHRONICLE.
Oc t o b ib 19, 1895.']
Latest Gross Earnings.
B O ADS
WeeJcor itt
1895.
1894.
Jan. 1 to Latest Datt.
1895.
1st week o f October.
1894.
«
*
4
$
6.151
7.789
42,823
Kau.C. AOm |A ugu st.. .
81,662
17,935
491,278
19.875
.
i
Tot.9t.J.AG I
700.479
16.0i 0
11,000
429,599
Oent.Br........ o;*2d wit Oct.
60 1.496
Aeh.Col.AP. '[ August28 934
24.194
170.394
217.151
Ach.J.C.A W i
G r'd total.'i August___ 1.89S 930 2 236,I K 13.632 697
U .P a o.D .A G August___ 238,284 239.450 1,924,141
............
~3 629 113.731
Ft W th &I).C A u g u s t...
299.917 267,660 9,778.111 8.923.255
24 wk " ’
W abash. .
13,634
12.964
115,957
Waoo A N'ortha July.
951178
248,5-7 230.791 1,157.8 ;3 t ,093,(T3
West Jersey___
101,353
90,1 9
812,299
W V.Cen.A Pitt Septet
725.598
30.345
172.355
35.085
West"VAAPltt* J u n e .
178,027
42 562
39.555
313,027
Western o f A la Augus
317,352
1 140,8 5 143,580
822.9141
West. Maryland Angus
805,388
72.400 2,492.212 2 34 3,101
I 70,900
W M t.rL Y .A P a :1st irk
1 28.910
30.358 1,026,991
Wheel. * L. Ern 24 wk
915,956
9*.iJ51
108,850
Wisconsin Cent. 34 wk
6,237
5.573
51,249
W rightsv.ATen August — I
49,695
■ Figures given 4o not include Oregou Ry. A tf av ., u n . Pac. Denver A
Gulf, Denver Le&dvllle A Gunnison, .Montana Union and Leavenworth
Topeka A South western,
u These tlgnres Include results onl eased liner.
A Includes earnings from ferries, etc., not given separately. ; M exltan currency, c Include* only half o f lines it, whion Union Paoltlo has
On. Prtc.—Con. '
Ohio Southern.
..........
Pitts 8Ren. ifc L. Erie .. .
Rio Grande Southern----St. Joseph & Gd. IslandSt. Louis Alt. A T. Haute.
Sherman Shreve. & So ..
Toledo & Ohio Central..
Toledo Peoria & West’u..
West. N. Y . & Pennsylv
Total (80 roads)............
Set increase (7*11 p. o.).
697
1895.
1894.
S
17,930
12,3 ’ 9
9,800
'9.87 5
27.460
>0.137
36,935
21.970
70,900
1* .06
12,28
9,40*
17.935
28.790
10,004 8.57“
90,60.
72,401
8.715.329
8,136,335
....................
.......................
Iticrease.
$
97
39
1,91
132
1,36
631,777
578.994
Decrease.
*
1.831
1 330
11.642
1,500
102,783
. . . .
-
Net E tru ia fs lo a t h ly o uitest Dates.—Tiie followmv
shows the gross and net earnings to latest dates o f all S t e a m
railroads furnishinc monthly statements. The compilation
includes every road from which we can get returns of this
charactei and in that form is given once a mouth. Early re
turns ar> published from week to week, as soou as issued, but
for the convenience of our readers all the roads making re
turns art brought together here in the week in which we pub
lish oui monthly article on net earnings—3ay on or about the
a alf Interest.
Latest Gross Earnings by Weeks.—The latest weekly ear - 20th ol tin m onth. T7ie retu rn s o f the street ra ilw a ys w i give
logs in the foregoing are separately summed up as follows
b y themselves und er a sep a ra te head a t the extrem e end o f
For the second week of October our preliminary statem-nt these ta b u la tio n s—see p a g e 700.
covers 37 roads, and shows 5*98 per cent gain in the aggregate
-Gross Earning*.- . ----- ,Vet Earning* —
over the same week last year.
1.395.
1895.
1394.
1894
2d week o f October.
Balt. A Ohio Southwest
Buffalo Rood. A Pltteb*.
Canadian P a cific.............
Cheaaoeake A O h io .. . . . .
Chicago Mtlw. A St. Paul
Cln. J a c k i n A Mackinaw
CHev. Lorain A Wheel’g ..
Denver A Rio Grand**.
El Worth A Kto Grand*
G eorgia..............................
Q raca Trunk o f Q uumu
Houston E. W A T e x . . .
totero'l A t i t North'o .. .
Iow a Central. ...................
Kan. City Ptttab. A Gulf.
Lake Erl* A Western.. ..
Louts v. Evansv, A M , ho
Me items f te& m le........ .
Mexican National........ .
Minn*a(>*oli4 A St. Louts.
Mo. K a n sa s* Texa*.......
Mo. Paclfie A Iron M l..,
Slew York Oat. A Wftat’ n
Peoria Dee. * Kvansv. .
Pittebnrg A Weatern___
R io Grande S**tiEhera
Rio Grande 1*eaten*___
8L. Louis Southwestern.
; m h A Pacino...............
ToL Ann A. A Jf. M tch...
Toledo * Ohio Central..
Tol. St. L. * Kan. City. ,
Wheeling A Lake E rie ...
Total *97 r o a d * )......
Bat tnereaae (5'98 p.e.i..
1895
1894
1
138,43"
35.10*
58.250
512.004*
195.944
836.4*17
14,003
34,156
183.104
16.0 0*
41.027
41 ,043
16,713
97.476
tt.173
13.106
73,4 i ’2
39.742
165,996
89.192
49.943
310,019
t Qi,000
11.000
79,612
19.81
05,881
10.133
56.700
1 2 VHKI
43 7.812
167, •45
22.742
38,1 42
48.895
299.917
28,940
8
136,492
3 -.3 U
61,303
492.000
193.918
637.249
12,363
32,196
104.100
12.970
33.4*4
404.102
11,4 41
1 23,7 '9
41,157
10,010
66.822
29.3177
101,169
01.506
4*. hw0
322,810
4 S 5.000
10.000
70.500
18,745
66.004
7.750
51.601
I 42,0- 0
388,864
230,948
19,054
48.772
3 6 .8(0
207,660
30.354
5,310,707
5,011,012
. . . . . . . .
Xncreas
*
1.945
4.775
26. 10*1
2,02c
109,118
1.640
1.054
17.000
3,119
7.59 *
1.947
3,016
2,008
6.80-<
i 0.465
1 4.82 9
3,06 •
17,000
Mere is* .
1
t
6,053
26,284
............
2,3 U
11,871
s ’o o o
9.342
1,072
2.383
7,400
*8.9*8
•2.788
ioJUiti
32,257
121
17,400
63 ,8)3
10,639
1.418
* * 4,594
299.695
144,839
For th e first w e e k o f October our final statement covers
80 roads, and shows 7*11 per cent gain in the aggregate.
1tt week o f October.
Prev'ly reported (33 r'da)
ASCII. Top. * 64411. F«s.......
St. Louts A Ban Fr........
Atll&Uo A P acific.___
Atlantic A Danvli e ___
BnrL C«mL Hap. A North.
Chicago A Kant. Illinois
Chicago A Grand T rn o*.
Chicago Great Western..
Chic- Peoria A SL Loti la.
Chic. A
M ichigan...
Clev. Cln. ( Ulc. A St. L.
p eon a A E astern ........
Oot San dusky A H ock'*
Dot. <4r. IIav A Ml! a
Oktrotl Lans'sr A North*®
Duiuth So. Shore A At
Bransv. A Indianapolis
Btanartllk A RtgtundftdL*
Eranev. * Terr* Haute..
FUnt A Pern Mart) nett 1
Grand Rintd,»4t IndianaOn, Rich. A Ft. Wayne
M ai. O f. Rapid* A I ml
Ilotiston K. A W, Texa^v.
Kao. City Ft. .8. A M en..
Kan. C. Mem. A Bfrtn___
Kan.City A Suburb Beit
Keokuk .4 * M t c m ..........
Luul.v Kvamv. A St. L
LouiavHJ* A NaabrliU .
LonU. N. Albany A Cblp.
Msniplii# A '"baric*tot,
Mo* He A Biriomithafo...
Oblo R ivsr........................
1895.
1894.
A
9
5,202,602 *.8 8 t,022
652,51»,
693,159
182*571
1311,067
79.058
67,78.8
14,765
12,144
36.320
31,603
138,553
89*553
87,140
100.015
59,033
51,5 53
84,503
96.453
20.J 77
18,672
38,51 m
34,489
287.0H4
2S8.076
39.816
32.918
2 1,1 w7
23.398
21,878
22,480
22 ,3-6
22,730
41.684
3 4.977
5,'J J'i
2,3 45
1,971
21.763
17.306
47.430
50,8 75
32,7531,223
41,779
37.406
8,3o8
8,476
0 -8
750
2,07 i
2,390
14.1 IV
11.130
99,379
98,478
24,496;
19,519
4,997
4,727.505,
0,978
34,318
30,63V
421.120
*30.376
70,9 M-i
62,9 2
2 V28MJ
23,491
7 ,0v 7
547,042
*88.1108
21,976
20,998
increase.
398,675
40,043
21.270
4,717
SfnOoo
12,875
7J520
11.949
1,705
4,029
:w*.*
8,v0<
_^T1___
6,707
1,381
37*
3,4 45
1,535
4,373
167
328
3.199
4*969
259
5-37
3,6^9
9,2 5
0.030
l ,797
58.3 44
978
Deersate.
fi.0 9 5
3,496
2,641
2,211
<02
350
______
62
901
........
. . . . .. .
........
1,122
............
3
$
8
$
Roads.
8,419
20,252
18,747
7,3 8
A d iron d a ck ............ Aug.
131.214
113,153
42,849
Jan. 1 to Aug. 3 1 ___
25, l . 0
Alabama Midland__ Inly
56,753
39,514
12.550 d e f.5 .9 17
3,380
291,473
3 J 4.97 3
41L
Jan. 1 to July 3 t . . .
238,935
204,513
98.955
Allegheuy V alley....A u g.
S5.5S9
6 51.583
Jau 1 to Aug. 3 1 .... 1,632,567 1,351,967
522.170
5,160 (let. 1,0 7
7,523
Arkansas M idland...Aug.
7* 8
56.7 12
49,965
17.683
Jau. 1 to Aug. 3h----2i.ru i
4*23,399
A t.T. A S . F o___b .A u g . 1,334.513 2,141.126
525.715
Jan. 1 to Aug. 3 1 ....1 8 ,0 9 7 ,4 8 8 17,561,427 3,102,923 2,782.403
July 1 to Aug. 3 1 ___ 4 ,4 8 7 .3 5 ' 4,043,157
619.33 7
317.721
232,373
St. L. A S an F r ..b.A ug.
537,823
596,627
284,629
Jau. 1 to Aug. 3 1 . . . . 3.773.720 3.739,851 1,422,139 1.3 17,-. 2
400,555
July 1 to Aug. 3 1 .... 1,011,175 1,037.070
464.073
6,320
Atlantic A P a c ..b .A u g ,
283,811
259,991
-14,110
217,615
Jau. 1 to Aug. 3 1 .... 2,462,242 2,033,909
141,7*7
21,379
July l to Aug. 3 1 . . .
586.522
165.770
8 4 .5 :4
86*?,092
Aggregate tota l.b .A u g . 3,220,687 3,298.444
854,454
Jau. 1 to Aug. 3 1 ....2 4 ,3 3 3 ,5 0 0 28,389,987 4.713,027 4,271,912
Ju ly 1 to Aug. 3 1 .... 8.085,“ 52 5,550.997 1,061,871 1.076.3 8
35.803
34.319
9,596
Atlanta A W. Point.. Aug.
11,153
282,721
29 2,0 *tl
100,340
Jan. 1 to Aug. 31 ..
93,527
65.870
18,007
July 1 to Aug. 31 . . .
68.290
19,228
;4 6 ,0 0 )
41,020
19,500
Atlantic A Danville.June
0,17.9
237,070
; 26 >.9 ) l
1 48.353
Jan. 1 to June 3 0 ....
5.999
196,61-t dot 14,124
486.779
July 1 to June 30 . . . 1536,0 »7
20.02 4
17,092
Austin A N ortbw .. .Ju ly
6,775
*337
l *$.207
133,951
11,575
Jan. I to July 31 . . .
*2,701
Baltimore A Ohio—
592.365
638.732
Lines E. O. R. b . .Sept. 1.597.070 1,630,417
Jan. 1 10 Sept. 3 0 ....1 2 ,7 8 0 ,8 6 9 12,431.3 H 4,08,3,990 4,021,548
July l to Sept. 3 0 .... 4.734,338 4,840,705 1,717,812 l,e06 ,909
131,351
454.999
115,154
Lines 9 . 6 1 . 1 . Sept.
499,349
774,419
416,104
Jan. 1 to Sept. 3 0 ,... 4,028,868 3,360,024
346,738
247,059
July t to Sept, 3 0 . . . 1,487,376 1,268,424
723,718
753.896
Tot. both ayatemabSept. 2,090,419 2,085,418
4.860,309
4,437,850
Jan. 1 to Sept, 3 0 ....1 6 ,9 0 9 ,7 3 7 15,791.340
July 1 to Sept. 30 .. . 6,271,714 6,109,129 2,081,554 2,053,988
190,644
4 9 8 ,5 0 3
173,565
B. A O . Southw.......... July
519,2*21
Jan. 1 to July 3 1 .... 3.516,433 3,403.247 l,2o3 ,008 1,198,310
35,997
19,572
17,147
Bangor A Aroostook Aug.
58.709
2)2.881
52,810
468.90J
1*8,595
Jan. 1 to Aug, 3 1 ___
2,180
798
372
2,2 53
Bath A Hammonds.. July
11,033
4.112
2,532
13.015
Jan. I to JuJv 3 1 ___
75
dof.166
Birin. A Atlantic, b July
1.830
1,514
12.410 def.2,610
002
9,733
Jan. 1 to July 3 1 ....
53,000
123,799
41,296
Brooklyn Elevated a Aug.
1*7,227
Jau, 1 to Aug. 31 .. . 1,439.031 1,172,891
6*2,670
452,913
120,798
300.972
255,294
91,338
July 1 to Aug, 3 1 ___
40,537
*0,0 6*
11,357
10,671
Brunswick A West ..July
*3,333
83,650
Jau. I to July 31 . . .
293.118
289.59*
290,175
94,894
275,015
92,357
BufLRooh.* Pitts, b Aug.
529,790
425,831
Jan. I to Aug. 3 1 ___ 1,9,32,851 1,650,214
567,320
198,0*7
188,993
July 1 to Aug. 31 . . .
566,73*
319,955
33.549
117,609
Burl. O d .K A *" ,.a Aug.
395,5*7
699,971
559,193
Jnn. 1 to Aug. 3 1 ___ 2,427.437 2,300,129
120,121
180,379
123,013
211,081
Camden A .HI....... a Aug.
070,520
212,863
203,396
723,191
Jau. I to Aug. 3 1 ....
017,377
575,256
1,655,552
Canadian P a olllo.a ..A u g .B1,075.303
|H
Jan. I to Aug. 31. . . 10,775,141 11,310,930 3,744,223 3,335,751
1,347
1,971
4.917
Carolina M idland.. .A ug.
4,664
5,153
34,820
0,789
Jan. 1 to Aug. 31 . . .
28,265
7,062
6,044
13,198
July l to Aug. 3 1 ....
12,501
Central o f Georgia—
118,123
128,230
390,404
Railroad System .n Aug.
400,415
20.9,219
234,518
736,895
July 1 to Aug. 3 1 ....
819.918
569,820
C ent.of .V. Jersey.a. Aug. 1,277,399 1,1-53,8 46
412,558
Jau. 1 to Aug. 3 1 ___ 8,328,701 3,032,093 3.216,018 2,654,244
539,12
4
021,920
Central Paolllo. b ___Aug. 1,260,445 1,437.993
Jan. 1 to Aug. 3 1 ___ 8,318,354 8,300.058 2,901,122 3,012,150
18,700
13,330
47,999
Char. A Savaiiuoli. .June
59,282
113,902
77,074
361,760
Jau. 1 to Juue 3 0 ___
303,350
1.667
700
5,303
Chernw A Dari. b .Aug.
8.323
1,323
17,1 41
50,625
Jan. 1 to Aug. 3 1 ___
88,593
1,134
2,143
10,016
July 1 to Aug. 3 1 ___
15,754
331,807
282,862
935.388
vbeaap. A O h io ..a ..A u g .
866,747
Jan. 1 to Aug. 3 1 ___ 0,240,015 5,870,329 1,975.548 1,942,991
631,11 1
545,018
1,744,840
July 1 *.o Aug. 31 .. . 1,048,789
198.062
80,803
70,507
Cbes. O. A S o'w n .b.A u g.
219,313
489,711
434,130
Jau. 1 to Aug. 3 1 ___ 1,514,793 1,321,433
363,421
136,780
118,468
July 1 to A ug. 3 1 ....
415,161
6^8
THE CHRONICLE.
-Qross Earnings.
* •------Nei Earning». 1895
1894
1895.
1894
Roads.
$
$
if
$
Ohio. Bur. & North, b Aug.
157,951
174,297
68,469
45,582
Jan. 1 to Aug 3 1 ___ 1,035,90 L 1,075,361
162,995
24 3.630
Chic. Burl. A Quin.b. Aug. 3,074,196 2 ,9 U ,1 4 4 1,301,2*4 1,33 L,9 28
Jan. 1 to Aug. 3 1 .... 19,466,396 20,550,378 6,739,479 7,48 /,5 2 l
Chicago A East Ills.. Aug.
319,663
375.612
154.385
149 079
July 1 to Aug. 3 L ....
652.244
593,705
281,981
240,3 17
Ohio. M. A S t. P .a. Aug. 2,662,985 2,493,977 1,021,634
821,922
Jan. 1 to Aug. 3 1 .... 17,492.505 17,9 0,6 0 6,71.6,18 1 5,344, 56
Ju ly 1 to Aug. 3 1 ___ 4,9 :2,226 4,272,304 1,758,623 1,203,093
Ohio. A W. Mioh___ Aug.
172,118
156,26L
42.701
42,10 •
Jan. 1 to Aug. 31 .. 1, 109,043
176,272
.020,28 7
161.931
Oln. Jack. A Mack. b. Aug
66,23 5
64,963
17,8 L5
19,684
Jau. 1 to Aug. 31 . . .
39 *,341
412, .84
53,429
76,400
July 1 to Au*. 31___
119,931
120,691
28,305
31,766
1,42 2
Ginn. & Kent. S o___Aug.
767
27,839
Oin. Porta. & Vir. b ..A u g .
24,583
6,702
7,866
31.2 is
1 7 i,3 13
Jau. 1 to A ug 3 1 ___
16 <5,075
31,113
51,026
July 1 to Aug. 3 1 ___
44,759
10,448
12,618
Olev. Akron A C ol. b Iuue
75,618
17,165
13,234
71,958
Jau. 1 to June 30 . . .
434,433
152,667
4 28,119
112,751
July 1 to June 3 0 ....
86 - ,031
896.091
317,757
248,494
Cleve. Canton A So Aug.
70,051
2 ,372
21,011
72,636
Jan. 1 to Aug. 31___
436,531
368,782
33,994
91,837
July 1 to Aug. 3 1 ....
138,673
38,783
135,787
42,126
Olev.Cin. C.ASt. L.a.A ug. 1,292,294 1.216.077
365,935
327,596
Jan. 1 to Aug. 3 1 .... 9,048,637 8.054.959 2,2 0,477 1,942,349
July 1 to Aug. 3 1 .... 2,454,428 2,137,640
606,143
432,31.5
P eoria & East’ n .a . Aug.
178,425
171,784
46,909
51,031
Jan. 1 to Aug. 3 1 .... 1,280,417 1,012,564
330,561 > 122,7 "0
July 1 to Aug. 3 1 . . . .
341,415
88,283
299,237
80,917
Olev. Lor. A W heel.. July
159,272
55.702
128,512
47,7 L6
Jau. 1 to July 31 . . .
737,486
584,680
136,956
216,925
Col. n o o k V. & rol.bJu u e
18 9,100
66,665
199,049
93,677
Jan. 1 to June 3 0 ___ 1,055,924 1,107,257
428,269
347,513
C rysta l....'................. Aug.
1,196
772
663
214
Cumberland V alley.. Aug.
9 :,9 4 0
33,455
85.925
42,?68
Jau. 1 to Aug. 3 1 ___
533,206
503,739
153,043
162,427
Den. A R. Grande.b Aug.
663,570
644,809
297,351
2 8 7 ,L10
Jau. 1 to Aug. 31___ 4,521,431 4.136,24 » 1,904.038 1,574,9 i 5
July 1 to Aug. 31 .. . 1,312,151 1,083,669
43 2,941
58 L,555
Det. Lans. & N or.a.. Aug. 110.127
32,183
105,996
28,159
Jan. 1 to Aug. 3 1 ....
756,757
694.293
106,484
157,401
D etroit & Mackinac. Aug.
34,225
10.848
21,162
7,-*8 »
Jan. 1 to Aug. 3 1 ___
260,558
17 ,6 0 )
76,129
114,616
July 1 to Aug. 31. ..
73,518
25,401
40,805
13,603
Elgin Joliet & E .a . Aug.
88,720
2 7,567
27,254
96,761
Jan. 1 to Aug. 3 1 ___
709,972
240,922
173,5^6
653,199
July 1 to Aug. 3 1 ....
170,759
159.335
53,500
34,6 3
Eureka Springs....... June
5 363
2,371
6,173
3,572
Jan. 1 to June 3 0 ___ • 30,157
33,652
14,366
17,96s
Flint A Pere M ar.a..A ug.
221,241
61,411
206,52 2
61,839
Jan. 1 to Aug. 3 k .... 1,646,137 1,591,401
409,337
422,904
Ft,W orth A Den.C.b. Aug.
73,629
113,731
6,591
24,659
Ft. Worth A Rio Gr. July
21,277
5,992
13,057
1,574
Jan 1 to July 3 1 ___
198,508
52,435
134,757
15.8 >1
Gadsden A A tt. U n .. Sept.
885
560
549
325
Jan. 1 to Sept. 30___
6.504
3,874
4,828
2,656
G e o r g ia .a .................Sept.
111,288
31.972
100,730
16,105
Jan. 1 to Sept. 3 0 ....
865,226
897,3 ^3 g l2 6 ,0 4 8 g22L ,2«3
July 1 to Sept. 30___
291,970
283,157
g*64, L76
g’6L,37t»
G eorgia & Alabama Aug.
<139,257
33,374
<11,160
1,305
Jan. 1 to Aug. 31 . . . c l - 94.338
<19.861
273,819
12,128
July 1 to Aug. 31 . . .
<178,742
65,864
<12,331
4,0 7
G a.Sou tli’n & F la.b. Aug.
66.782
27,957
70,593
17,752
fJan. 1 to Aug. 3 1 ....
528,812
568,621
151,999
122.375
W uly l to Aug. 3 1 ....
142,3o2
57,219
145,790
32,. 76
Grand Rap. A In d ...A u g ,
257,299
239,115
69,811
67,073
Jan. 1 to Aug. 3 1 .... 1,767,731 1,601,866
394,802
386,147
Grand Tr’k o f Can... Aug. 1.641,991 1,587,042
498,919
452,136
Jan. 1 to Aug. 3 1 ___ 11,220,356 11,244,334 3,277,300 3,083,707
July 1 to Aug. 3 1 .... 3,175,866 2,991,1*8
931,- 99
7: 8,838
„ Ohic. & Gr’ d T r .... Aug.
2^5,375
226,555
1; ,188 def.7,412
July 1 to Aug. 3 1 ___
17,422 def.56,847
367,930
476,140
\ Det. Gr. H. & M il...A ug.
103,342
104,286
20,727
21,067
Ju ly 1 to Aug. 3 1 ....
184, 57
195,258
33,994
28,15s
G u lf A Chicago. ,.b .. Aug.
f3,735
f 79 L
3,508
1,357
Jan. 1 to Aug. 31___
26,371
654
26,001
2,238
H o o sa cT u n .A Wilm.Aug.
2,111
4,192
5,413
1,405
Jan. 1 to Aug. 3 1 ....
33,673
27,035
10,970
8,348
Houst, E. A W. T ex.A u g.
43,444
32,705
10,125
10,131
Tan. 1 to Aug. 3 1 .,..
248,689
350,278
102,806
69,995
July 1 to Aug. 31___
58,811
80,007
13,553
15,896
Illinois Central, a ..A u g . 1,640,066 1,595,297
499,209
418,087
Jan. 1 to Aug. 3 1 ....1 2 ,3 7 7 ,7 1 0 11,32*4,740 3,823,819 2,672,390
July 1 to Aug. 3 1 .... 3,148,722 2,807,415
902,9 i 4
643,^84
Ind . Dec. A W est. .Aug.
40,564
Jan. 1 to Aug. 3 1 . . . .
298,267
256,454
106,592
54,249
July 1 to Aug. 3 1 ___
91,609
82,371
34,466
37,660
Indiana 111. & Iowa..Aug.
67,206
53,416
24,614
7,465
Jan. 1 to Aug. 3 l. . . .
505,703
493,601
149,726
118,586
fo w a Central.........b.Aug.
142,889
146,569
57,750
49,125
Jan. 1 to Aug. 3 1 ___ f 997,t>91 1 089,581
340,593
3*2,726
July 1 to Aug.
265,191
273,616
100,443
88,5o6
3,804
Iron R ailw ay___b ..A u g .
3,792
174
839
Jan. 1 to Aug. 31. ..
32,728
26,050
4,397
4,173
Ju ly 1 to Aug. 3 1 ___
7,432
6,829
286
1,656
Jack. Tam. A K. W .. Aug.
21,223
35,427 def.2,761
2,419
Jan. 1 to Aug. 3 1___
545,901
287,175
31,833
218,392
Jam est’ n A L. Erie. Aug.
4,009
5,514
798
2,356
Jan. 1 to Aug. 31. . .
26,9 78
29,387
664
5,498
K anaw ha A M ich .b.A u g.
37,458
36.190
10,224
9,423
Jan. 1 to Aug. 3 1 ___
242,ft02
286,179
64.613
54,523
J uly 1 to Aug. 3 1 ___
67,329
73,737
15,717
16,871
Kan. C. Ft. S. A M a.A u g.
433,700
402,318
136,635
127 921
Jan. 1 to Aug. 3 1 ___ 2,896.043 3,099,437
880,720
917*767
July 1 to Aug. 3 1 ___
767,903
745,236
235,314
230,451
Kan.C. Mem. & B .a . Aug.
82,705
81,838
5,867
6,667
Jan. 1 to Aug. 31___
639,217
6 5 4 ,L76
56,654
72,866
July 1 to Aug. 3 1 ___
160,552
154,899
10,458
13,8 5
K eokuk A West’ n. b . Aug.
43,006
38,461
22,808
15,885
Jan. 1 to Aug. 3 1 ___
229,603
243,'*95
63,388
75,181
L. Erie A ll. & S o .a . .July
6,579
6,2 -<1
845
966
Jan. 1 to July 3 1 ....
44,779
3-,1 2 8
2,013
5,348
[ vto l . L X I.
-----Gross Earnings.----- --------Yet Earnings —
18 ■■
1894.
189 >.
1894.
$
$
$
L a k e E r i e A W e s f ’ n b . l u g ..
320, l y5
353,718
164,991
178,963
J a u . 1 t o A u g . 3 1 ____. 2,277,004 2,132,836
998, -'01
894,778
Lexington A East’ n Aug
20,0 0
14,439
4,364
2,461
J.m l to Aug. 3 1 ___
136,111
Louisv. Ev. A St. L ... Aug..
144.378
131,545
53,474
33,383
Jan. 1 to Aug. 31 .. .
9 i2,975
917,610
1 « 6 ,0 i8
186,140
l o u isv. A Nashv. h .Aug.. 1.727,160
1,692,667
5 “ 8,502
633,100
.12.499.219 12.339.983 4,060.1110 4,402,439
. 3,4 0,102 3,121.570 1,168,516 1,166,464
Louisv. N. A. A C .a..Aug.
311,166
296,788
138.844
118,929
Jan. 1 to Aug. 3 i ___. 2,076,332 1,812,094
704,213
560.658
Louisv. St. L. A T e x .. Aug.
41,996
42,238
13 223
14,100
Jan. 1 to Aug. J l ___.
267,069
273,876
46,032
49,486
Macon & B in n in g ... Aug.
5,015
5.958 dof.1,508
408
Jan. 1 to Aug. 3 L
45,5' 3
49,073
76
4Vo68
July 1 to Aug. 31
10,120
12,818 def 2,763
2,044
M anistique................ Aug.
1-5,073
9,703
11,444
5,689
Jau. 1 to Aug. 3 1___
96, i 33
51,319
57,825
32 060
Memphis A Chas’ n . . \ug
107,305
100,387
18,656
14,049
Jau. 1 to Aug. <L.„..
785, *82
7 2.9L5
25,142
67,332
July 1 to Aug. 3 1 ___
198,431
187,060
26.434
20,209
Mexican Central___Aug.
770,115
651,567
293,4 48
179,084
Jan. I to Aug. 3 1 .... 6,108,755 5,581,329 2,490,677 1,774,179
Mex. International..Aug.
212.902
157,luO
81.1 7
50,729
Jan. I to Aug. 31___ 1,701,959 1,439,252
678,330
606,578
Mexican National . Aug.
368.037
348.221 <*168,823 c l 50,762
Jan. 1 to Aug. 3 1 ___ 2.875,946 2,788,103 .C l,231,47o .c l , 163,064
Mexican Northern .. vug.
64,315
45,397
37,229
23,115
Jan. 1 to Aug. 3 1 ....
462.920
416,508
246, *97
218,402
Minn. A St. Louis, a. Aug.
194,844
169,136
83,985
69,847
Jan. 1 to Aug. 31
. 1,180.955 1,065,082
4 6 7 ,3ft3
370,261
July 1 to Aug. 31
347,304
281,768
141,7 60
109.075
Mobile A Binning’m. Julyf
18,034
16,861 d ef.2,6=7 def. 7,800
Mobile A Ohio
July 1 to Sept. 3 0 ,....
767,913
6 *0,613
253,530
216.298
Jau. 1 to Sept. 3 0 ___ 2,366.402 2,280,104
7 20,420
705,777
sash.Ch. A St. L .b..Sept.
429,556
377,812
187,831
165,649
Jan. 1 to Sept. 30___. 3,451,057 3,372,677 1,405,4 30 1,346,969
July 1 to Sept. 3 0 ___. 1,214,924 1,121,138
522,309
489,383
Nevada Central.........Aug
1 ,8 '3
2,112
43
333
Jau. 1 to Auir. 31 . ..
17,682
16,533
189
342
July i to Aug. 3 1 ___
3,958
3 ,i l 6
123
def.229
New Orl. A South.a.. Aug.
7,436
6,626 d ef.1,702
def. 483
Jau. 1 to Aug. 31 .. .
60,871 def. 11,006 def. 3.921
50, <93
July L to Aug 3 J.......
12,761
1 _\407 def. 4,805 def. 1,479
N.Y.L. E. A West’n. .July• 2,323,167 2,077.125
-612.747
*5^9,466
Jan. 1 to July 3 L ..„..14,693,797 13,761,192 *3,727,337 *3,541,279
Oct. 1 to July al........21,423,713 21,273,126 *5,7 37,/17 *6,012,932
N. Y. Ont. A W est.a. Aug..
376,9"0
378,871
143,555
133,814
Jan. 1 to Aug. 3 1 ___. 2,409,300 2,495,612
66^,456
72) ,019
July 1 to Aug. 3 L .
730,344
748,652
262,043
256,426
N. Y. Bus. A W est.b .A u g.
190,406
150,999
79,690
30,590
Jan. 1 to Aug. 3 1 ... . 1,458,476 1,206,846
526,561
403,158
Northern Central b. Aug..
578,072
596,724
19 ,359
235,831
Jan. 1 to Aug. 3 1 .._.. 4,120,268 3,793,789 1,150.958 1,120,462
North’ u P .icific.b ___Ma.i r 1.321,290 1 ,1 9 ',4 7 6
30 >,790
179,830
J in. 1 to May 31
. 5,8^5,006 5,339,592 1,579,626
963,109
July 1 to May 3 1 __ 16,160,622
5,762,319
Ohio River, b .............Aug.
92,002
73,059
34,251
35,790
Jan. 1 to Aug. 3 1 ___.
521,792
433,618
1*0,855
157.843
Ohio R iv erA U h a s. Aug.
16.854
12,505
5,567
79
Jau. 1 to Aug. 3 L___
116,314
104,545
18,121
4,286
Ohio Southeru.......... Aug.
69,500
69,774
25,610
40,690
Jau. I to Aug. 3 1. . . .
468,118
429,115
1> 4,796
219,856
July 1 to Aug. 31 . . ..
128,606
146,218
82,763
48,786
Penn, (east P.A E.)..Au . 6,085,961 5,739,055 2,395,515 2,314,418
Jan. 1 to Aug. 3 1 .. .41,060,134 :36,7 46,558 11,600,703 10,593,953
Lines west P. A E .. Aug.
Inc. 324,696
Inc. 259.832
Jan. 1 to Aug. 3 1 ___
Inc. 2,951,158
Inc. 1, 763,438
Peoria Dec. A E v__ Aug.
87,678
104,610
35,595
44,693
Jan. 1 to Aug. 3 L___
5 j O,467
191,196
543,718
152,950
Petersburg................Aug.
45,947
39,953
21,360
1 M 47
jJan. 1 to Aug. 3 1 ....
362,061
360,776
132,064
122,148
July 1 to Aug. 3 1 ___
97,765
84,189
46,355
41,462
Philadelphia A E riebAug.
452,415
422,399
174,090
140,522
Jan. I to Aug. 3 1 ___
,635,715 2,494,355
725,399
635,777
Phlla. A Reading . . . Aug. ,906,417 1,783,666
909,373
774,608
Jan. 1 to Aug. 3 1 ....1 3 ,5 2 5 ,1 3 7 12,-72,232 5.874,722 5,437,787
Dec. 1 to Aug. 3 1 .... 15,077,068 14,624,744 6,479,583 6,218,015
Coal A Iron Co.. ..A u g.
1,589,386
ef.96,*72
_ 1,960,140
.
. . . . . . d_____
,
def.5,193
Jan. 1 to Aug. 3 1 .... 14,3o2,374 13,455,098 df.3"U,342 def. 10,896
Dec. 1 to Aug. 3 1 ....1 5 ,8 9 0 ,6 2 9 15,734,409 df.487,770
106,o58
Total both Co’s ....A u g . 3,866,557 3,373,052
812,501
769,415
Jan. 1 to Aug. 3 1 ....2 7 ,8 2 7 ,5 1 1 26,327,330 5,574,380 5,426,891
3 i . . ---------------------------- - - -------------- --------Hoads.
Pitts. C. C. A St. L..8ept. 1.428,201
Jan. 1 to Sept. 3 o ___ 11,115,542
Pitts. Mar. A C h ic...J u ly
3,514
Jau. 1 to July 3 1 ....
24,261
Pittsburg A Western. Aug.
301,020
Jan. 1 to Aug. 3 1 ----- 1,911,577
July 1 to Aug. 3 1 ___
593,595
Pitts. Youngs. A A ..Sept.
179,349
Jan. 1 to Kept. 3 0 ___ 1,289,676
Rich. Fred. A P ot...A u g .
54,938
Jan. 1 to Aug. 31 .. .
496,541
July 1 to Aug. 31___
120,785
Rioh. A P etersbu rg.. Aug.
29,831
Jan. 1 to Aug. 3 1 ....
226,676
July 1 to Aug. 3 1 ....
61,632
Rio Grande South. b.Aug.
41,955
LOUElJan. 1 to Aug. 3 1 ___
260,370
Ju ly 1 to Aug. 31___
76,897
Rio Grande W est.b.A ug.
227,990
Jan. 1 to Aug. 3 1 .... 1,481,062
July 1 to Aug. 3 1 ___
436,663
9.792
Sag. Tus. A Huron. ..Aug.
Jan. 1 to Aug. 3 1 ___
73,988
Sag. Valley A St. L .. Aug.
7,460
Jan. 1 to Aug. 3 1 ___
5^,840
St. Louis A lt.A T .H .b July
95,995
Jan. 1 to July 3 1 ___
723,179
1,349.923
10,359,172
2,760
18,197
262,791
1,484,468
461,876
127,506
829,691
52,617
470,032
106,192
27,022
224,514
56,515
37,955
230,911
69,611
193,628
1,306,(36
341,677
12,113
77,768
7,358
56, >04
112,115
729,195
556,113
2,97u,190
def.466
def 691
100,384
621,473
105,641
8 7 ,8 :9
507,763
20,214
167,538
46,887
9,424
58.819
21,722
24,959
125,641
43,021
90,745
517,900
169,883
1.835
13,432
2,259
10,713
38,666
304,069
515,300
2,570,018
274
3,594
97,303
444,377
166,400
66,104
329,913
18,098
173,716
35 679
3,126
56.1 L7
12,675
18.896
109,813
35,895
52,760
366,583
97,472
4,341
19,791
2,451
17,450
58,313
300,372
THE CHRONICLE
October 19. 1895. |
-Gross E a m in g s.1894.
1*95.
$
$
140,745
154,518
897,440
899,6v3
270.^57
2,*1.398
165,881
155,673
961,347
1,172,730
86.0S5
79,696
818.429
612.157
253.520
249,207
259.337
28 >,519
1,9*9, £9 L ?,30 i.8 >8
8.752
11,019
28,03d
36, 143
-Vet E an u n g *.-
699
—Gross Earnings.-N et Earnings.-----*
1895.
1894.
1895.
1894.
Roads.
$
$
$
$
St.Paol Jc Duluth, b. Aug.
6.237
5,573
2.S66
Wrights?. & Tenn.. Aug.
2,246
Jan. I to Aug. 3 1 ....
12,401
51,249
49,695
14,774
Jan. 1 to Aug. 3L___
July 1 to Aug. 31---5,572
13,525
July 1 to Aug, 3 1 ----12,987
3,468
San Ant. A Aran. P.,Aug.
a. xset earnings aere given are after deducting taxes,
Jan. 1 to Aug. 3 1 —
b Net earninsra here given are before deducting taxes,
San Fr. N P a e.a . .Sept,
c After deducting other expenditures for repairs, replacem ents and
Jau. 1 to Sept. 3 0 ....
general expenses, net income applicable to interest ou bonds in Aug.
July 1 t •Sept. 3 3 ....
was $86,123, against $80,464 last year, and for eight months to Aug. 31
$646,462, against $ o T7 ,7 *8 : after adding earnings received from Fed
Bar. Fla. & W m t.b July
eral Government net from January 1 to Aug. 3 l, 139 i, was $6 t6,46 i,
Jan. I to July 3 1 ... .
against $655,416. This is the result in Mexicau dollars treated
SHrertoo...................Aug.
(aooorliug to the com pany's method o f keeping its accounts) as equi
Jan. I to Aug. 3 1 ....
valent to $0 cents iu United States uionev—that is, alL depreciation
bevond 20 per cent has already been allowed for.
Southern P a c ific d Does not include earnings o f Albany Florida & Northern after
333.866
124.872
103.327 August
387, *54
Gal. H. A 8. Ant. b .Aug.
14 the present year
^—
807*641
636,005
Jan. 1 to Aug. 3 1 .. 2,920,117 2,525.162
e Results o f coal mining operations only.
76,936
27,052
74,319
37,624
Louisiana West. b . Aug.
1‘ Mail money received in July in 1894. but iu August in 1895.
59*2,780
29*5,861
680,216
Jao. 1 to Aug. 3 1 ..
g; Including other iucome, the net f om Ja uary L to September 30
259*28436,434
53.911
103,202 was *217,854, against $313 069 for 1894, and from July 1 to Septem ber
433.191
M ^an’ i* La.3s T . b.. Aug.
3
\
$91,809. agaiust $94,606.
704,018
553,92 *
Jan. 1 to Aug. 3 1 .. 3,399,309 3,453.657
• After deductiug proportion due roads operated on a percentage
26.802
6,467
14.423 basis and including results o f operations o f auxiliary oompauies, net
1°,351
S .Y .T e x . A > I..b .Aug.
149,237
39.963
147,83d
45,336 id July, 1895, was -405,394, against $377,673 in 18 94; for seven
Jan. 1 to Aug. 3 1 ..
5 1 ,n30
124,002
56.252 months ended July 31 $ .’ ,013,7 4, against $1,913,345. and for ten
134.590
Texas A N. 0 . . b . Aug.
413,706
963,123
336,183 mouths from October l to J.ilv 31 $ 1,698.721, against $3,749,140.
Jan. I to Aug. 3 i .. 1,053,338
f Includes only otie-half o f lines in which Uaiou Paoitio has a part
260.29 6
313,12*
Atlantic a y s.b ...A u g . 1,053.472 1.007,374
*,523,738 7,751,866 2.258,007 1,867,602 interest. Figures are given exclusive o f results ou 0 egou Railway A
Navigation,
Union P tdiflc Denver A Gulf, Fort Worth A Denver City,
3,083.266 3,126.997 1,244.169 1,294,201 Leavenworth Topeka A Southwestern and Montana Util m*
20,713,b5O 119.3U .516 6,606.926 0,8 *7,204
; May and June for 1895 estimated.
Total o f all.......b . Aug. 4,138,738 4,134,371 1,510,465 1*007,330
II Including incom e from fe m e s, &o.
Jau. 1 to Aug. 31 — 29,237,J3S 27,563,382 8*865,7 i3 8,704.860
Miscellaneous Companies.
101.037
458.5 40
149,624
438,333
A.ffiiiat’Ttl lin e s.b .. Aug.
-Gross E a rn ings.-Net E arn ings.839,953
511/223
3,439,338 3,056,106
1894.
1895.
1895.
1894.
4.575.121 4.592.910 1,611,552 1,750,953
$
$
$
$
32,676,727 30,810,4 r8 9*705.692 9/277.009 Denver G as-tigh t. ..June
9,624
.8,937
453.206
017,452
996.964
335,97Jau. 1 to June 30 .. .
So. Pao. of Cal b .Aug.
90,919
89,034
Jan. 1 to Aug. 3 1 .. 6,718.5V 8 5,345.832 2*494,066 2,196,63$ Ed Ia »n El.£LCo.,N. Y Sept.
136,984
125,606
61,463
56,564
104,575
38,735
161.432
48,009
So. P ac.of ArLc’.» b. Aug.
1,331,153 1,171,335
fan. 1 to Sept. 3 0 —
6 45,718
555,322
393.778
423.850 Ed. EL fU.Oo., Bklyu Sppt.
Jan. 1 to Aug. 3 1 .. 1,437.915 1,281*635
35,183
56,383
25,720
13,295
31,710
79.204
6.5785.503
283.007
399,962
Jan. 1 to Sept 3 0 ....
155,233
Se.PftC.of N M b. Aug.
12 ,563
589,706
203,905
81,360 Erie Telg.&Telep.Co. Aug.
603,916
Jan. 1 to Aug. 3 1 ..
95.674
88,714
3 -,3 9 T
35,332
225,980
00,302
110.599
207,231*
674,931
Northern B »Uway b.Vg.
699,555
Jau. 1 to Aug 31 —
29$,086
265.232
420.7 b Laclede Gas-L Co...Sept.
193,090
Jan. 1 to Aug. 3 1 .. 1,214,612 1,365,935
64,794
6 ',1 8 8
Jan. 1 to Sept. 30 . . .
586.0S6
536,176
462,714
421,441
Southern Railway a Aug.. 1,533,578 1,492.(75
2.707,570
11,30
4.167
11,243,204
2*410.72.1
8,633
Jan. 1 to Aug. 3 1 ....
9,222
Mexican Telephone. July
4,543
2,775
815,503
082,400
45,360
46,398
22,611
July l to Aug. 3 1 ,* .. 3,0 £5,515 2,0)5*118
Mar. 1 to J illy 31 —
39.913
131,508
84.010
67.801 Milwaukee G a*-L. Co. So pt.
153.020
Staten I. Rap Tr b Aug.
28,609
32,864
810,517
75**.0»2
327*353
303.075
272,666
Jan. l to Ants 3 1 ....
Jau. 1 to Sept. 3u—
228,571
150,803 Oregon Imp. C o .a . . .Aug.
207,475
149*636
30 4.717
July I to Aug. 3 1 ....
351,218
294.531
60,656
73,691
11.419
10,676
7/ m
7,809
Stony Cl. A C. M .. tv, AUg.
Jau. I to Aug. 3 1 .... 2,130,428 2,537,402
246,384
169,892
3 '.6 9 7
32.244
15,7 42
14,472
491.435
Jan, 1 to Aug. 3 1 .,..
Deo. 1 to Aug. 3 1 ----- 2,416*624 2,818,379
268,277
2 0 ,-0 5
20.179
13,097
13,924 Pacific Mail— ........ Aug.
July l to Aug. 31.**.
317,455
318,170
28,319
46,204
Jan. 1 to Aug. 31..** 2,954,559 2,561.461
53 7,-3 4
408,181
0 7 ,6 8 1 d©L0,9l5 def.25.399
7P.852
Summit B r n tcL e , Aug.
258.043
May 1 to Aug. 3 1 ---- 1,484,872 1.325.113
279,968
593*2 5
01,591 def.3rt.3J*»
758,651
Jan. 1 to Aug, 31.***
36.700
107,923
55.540 d**M 4.528 def-17,56:i Tenn. Coal L3t R R .A u g .
5.5,387
Lyken* Val Coa
A«g.
Jan. 1 to Aug. 3 1 ....
38(.70O
361,900
523,438 d ef.3 4.200 04 (.27,41
447,448
Jan. 1 U> Aug 3 1 ....
Whltebr'st
Fuel
C
o..June
def.
1,697
1.799
135,439
123,221 def. 21.441 d e f 42,901
Total both Co'*.**. Aug.
16,532
Jan. 1 to Juue .10___
38,109
3 0 ,i l l def.75,745
Jan. I to Aug. 3 1 .... 1,206,499 1*110,673
i n t e r e s t c h a r g e s a n d s u r p l u s . — T h e fo l l o w i n g r o a d s , n
3,377
3,640
1*452
718
Tex. Sab. V. A N. W.. Aug.
...
28,851
25.519
wa.. ... a d d itio n to th e ir g ro ss a n d n e t e a r n in g s g iv e n in th e fo r e g o i n g ,
Jan. 1 to Aog* 3 1 ..* .
79.908
2.22 4
301 also r e p o r t c h a r g e s fo r in te re st, & c ., w ith th e s u r p lu s o r d e d o ,
09.317
ToL A. A. A So, M. .Jane
132.200
80,4 0
510.3HO
510.791
Jan. 1 to Jane 3 o ,..*
a b o v e o r b e lo w th o s e c h a r g e s .
239,178
109,341
62,792
180,101
Toledo A O. Cent, b .Aug.
—Jnier'i, rentals,
14, <ie,
-Bal. of Net Barns.310,089
357,^61
Jau. 1 to Aug, 3 1 .... 1,135,835 1,0-4,969
1895.
m s.
1891.
1894.
171.617
364,170
125,295
409,064
July 1 to Aug, 3 1 ....
*
ttoa/i t .
*
s
*
20,774 Camden A A O ..........A ug.
111,932
102,938
91,152
99*631
37.019
t e .o e i
17,160
ToL Peoria A W'mt h . A mg*
102,064
123,3*i7
Jau. 1 to Aug. 31___
115,670
103,073
147,728
139,793
627,554
500,683
Jan 1 to a ug, 3 1 ...,,
187,545
160,192
41*161
40.890 Uhlc. B a rt,* Quincy Aug.
July 1 to Aug. 3 1 .,..
.
SI 5,000
797,248 430,281
55.800
24.077
219,479 1,109,539
25,4-9
Jan. I to Aug. 31___ 0,520,000 6.377,982
59,579
Ulster A IfelftW'©... -A u g.
27i*.9 iO
65.12$
80*496 Chic. A East Illinois. A ug.
279.486
Jan. 1 to Aug. 3 1 ....
1115,024
114,133
*42,300
'40 ,6 8 8
110,-520
105,014
46,105
43,815
July 1 to Aug. 3 1 .....
July l to AUg. 3 1 ___
228,600
*72,199
*37,554
231,135
Chic.
A
West
Mloli
...Aug.
33,516
9,175
8.377
33,723
Union P a c ific 284,953 def.92,932 dL<f.99,'J72
269,231
Jau. 1 to Ang. 3 1 ___
470.543
570,-65
Union Pac. R y . b .Aug.. 1,200.587 1.4 42,810
132,111
23 1,858
93,738
203*821
Jan. 1 to Aug. 3 1 .. 8,810,107 9,170.462 3,165,807 2,655,378 the v. Ctn. Oh. A St. L>. A tig.
i 37,241 def. 34,010
40$,9u2
406.325
July 1 to Aug, 3 1 .,..
205.793
462,5*4
508*836
212.101
Ore if- 8.L.A U. > .b Aug.
30,802
10,107
14/279
1,333,675
36,802
893.481
Peoria
A
E
astern..
Aug.
3*105.097
.
3,281,964
Jan. 1 to Ang. 31*.
73.603
14,080
7,314
73,003
July t to Aug. 31 . . .
75,151
24,029
11,318
61,047
8 U » « A Gd. Is i.b
I25 .$u l Hoover A Rio OrVle Aug.
94/224
82,405
204,703
203,127
40*830
376,309
539,108
Jan. 1 to Aug, 3 1 ..
197,503
25,878
384,052
407,066
July
1
to
Aug.
3
1
...,
6.151
7,789 def. 1*882 d**f.6,3l8
Kan. C. A O rri.b.. Aug..
30,168
30,351
2,015 def.2,192
81.602 d«f.28,047 def. 17,04 4 Oct. Bans. A Nor___Aug.
42,821
Jan. 1 to A ug
240,911 def.83,4 91 d t 134,427
240,892
Jao. I to Aug. 3 1 ___
8,027
9.661
28.230
28.227
Aug.
Cent. Hn neb
10,645
51,194
10/270
99.5 43 gl int A Pere Maru... Aug.
51,133
180,651
269,646
30,89 4
Ann 6 l . .
Jan.
387
10,752
412,152
408,950
Jan. 1 to Aug. 31 . . .
Atc.h. C. A
def. $15 Kanawha A M id i___Aug.
2 -^ 3 4 def 4.187
24.194
>.,Aug
10,713
*30
'def.
1,292
10,194
A tJew .C
21,713 *0 et4 ,053 M ef/2,842
July 1 try A -. 3 1 ,...
9,031
20.370
247,151 d e t.3 8 / 90
170,394
£ 3 1 .,
110,956
25,079
18,118
109,803
714.045
798,990 Kan. 0. Et. 8. A M. ..Aug.
.. All#. t, *9 8,930 2,230*110
Gifted
218,074
14,454
12,377
2 JO, $00
July 1 to Vug. 3 1 ___
Jan. 1 to Aug. 31. 13.832.6 J? 14,660,233 4,595*031 3,767,299
d«L7,
‘99
def.
1.562
11,229
13*866
54.244 Kan. 0, Meui. A Mr.. Aug.
239,450
50*889
238,284
Cfn. P.D. A Gulf, b, ,. Asig.,
27,737
22,458 def. 17,279 d ef.8 653
July 1 to Aug. 3 1 ___
271,234
345.754
Jan 1 to Aug. 3 1 ___ 1,924,142 1,731.027
122,025
50,933
106,628
58,303
488,735
426,5*3 c. Erie A Woat’ n . __ Aug.
Wab»<*h b. . . . . . . . . . . Aug.. 1,273,807 1,227,853
530.831
444,503
4 5 0,2/5
461,307
Jan. I to Aug. 3 1 ___
Jan 1 tO Atlg. H I , 3,916,178 7,326.799 2,141,179 1,599,019
57.380
39,047
543.530
79,282
784.549
Loulav. N. A. A Oh. Aug.
81.458
JfetU 1 to Aug, 3 1 ...., 2 3 4 7 .8 9 0 1*991,455
90,713
29,895
105,001
166,981
July 1 to Aug. 31___
3,503
4.791
13,60 4
12*964
W*€ k Nofthw*n.... Julyr
37,904
62,006
127,745
125,225
44,429
26.313 Naahr. Chat. A St- L Sept.
95,378
115,957
Jan. 1 to Ju ly 3 1 ...
107,841
381,842
140,63 4
375,075
lu ly 1 to Sept. JO . . .
98.460
2 40.'»07
230,791
100,774
West Jersey A Bra,., Aug..
303,675
319,183
211,025
315,534 Pitts. 0 . C. A 8c. I,..Sept.
236.930
335,700
1,157,823 1,093,673
Jan. 1 to Aug. 31.
443,383
614,946
Jan. 1 to Sept. 30___ 2,355,244 2,120,835
24*785
101*653
38,213
90.179
West Va. Cent. A P.Se ,
3,556 def. 1.297 d ef.1,106
240,086 Sag. Valley A St. L. Aug.
3,556
294,478
725,9-*8
812,299
Jan. 1 to Sept. 30.
def.
11,003
def.17,740
28,4
>3
101,591
28,453
Jan. 1 to Aug. 3 1 ___
301*317
114,781
307,549
July 1 to ? e p t 30,
7,820
2 1,079
f 3 4,234
t '0,$3$
14.4 >9 St. Louis Alt. A T. H J uly
20,014
30.345
35.00 i
W. Virginia A f l l l f . J i s
08,905
1231,407
1227,393
70,676
Jan. I to July 31
9 ,870
93.70$
17g,027
172.355
Jan. 1 to June 3»» .
15, Lb8
23,148
17/233
17,129
San
t
ran.
A
N
o.Pao..Sept.
14,394
12/894
39,555
62,943
42.502
40,140
ldf»,748
W«st*n o f Alabama.. A »#..
154,. 87
Jan. 1 to S ep', j o ___
75,230
317,152
.
313.02 7
07,936
52.284
04.523
Jao. I to Atig. 31
51*0 o
61,387
July 1 to Sept 30 ..
23.992 fenu. Coal 1. A K R A u g .
73,529
18,o74
.
79, 20
59,188 def. 23.000
J olt 1 to Aug, 31
48,735
30,700
181,915 df. 116,300
478,200
71,081
400,845
63 ,981
Jan. 1 to Aug. 31
143,580
1 40,055
We#tot o Mary land. * A tig.
*21,020
*76,167
284,747
34,0$7
38,060
Toledo A Ohio Cent. vug.
279.3*5
006,308
822*4114
Jan, I to Ang, a L „
M 03,592
* ,4.500
355,457
69,298
- 1 /3 17
388.485
July 1 to AUg. 31
Oct. I to Allg. 31 .... I,li2 ,4 '* 4 i.Od9,iL57
01,417
61,801
30,599
39,357
132*147 Vest Jersey A. Br i .Aug.
109,028
326/215
329,943
West* N. Y A Penn. b . A tig.
143,081
172,453
125,308
210,332
_ J a n . 1 to Aug. 31 —
688,924
500,894
Jan. i to Aug. 3 1 .,. . 2,13 4,7)2 1.9 >1,659
259.485 i * A fter allowing for other incom e reoelveil.
210,236
639,249
636*265
July 1 lo At*#. 3 i „ .
1 fhe.se charge* am *tuiply for tacos and reutals of leased liuoi and
3 ,024
44.083
130,808
128,710
Wheeling A L Erie...Atig
59,218 do not include Oond interest.
94,343
230,467
250,804
J s ii 1 to Aug. 3 1 .. .
Roads.
1895.
$
47,114
210,545
77,603
44.156
234/271
32,317
195/227
103,671
83,0 >2
617,010
8,101
I f , 543
1894.
$
60.181
260,854
105,157
69,315
122,717
40.681
218.691
116/222
51*017
740,517
4,-71
11,118
I
700
THE CHRONICLE,
|V o l . LXI.
d r o s s E a r n i n g s . -----..------ N et E a r n i n g s .—
1895.
1894.
1895.
1894.
Rouas
$
$
$
Bridgeport Tract’n..8ept.
30,697
16,134
18,359
Jan. 1 to 8 opt. 3 0 ___
228,436
92,188
112,671
Brockton Coil.St. Ry. 4ug.
31,202
22.591
13,591
8,418
Jan. 1 to Aug. 3 1 ....
177,094
142,011
73,731
44,370
B’klyn Queens &Sub.Juue
62.548
53,561
34,972
19,131
Jan. 1 to June 3 0 ___
263,095
256,684
75,877
41,369
Brooklyn T raction—
A tlantic A venue.. July
86,555
92,514
34.789
41,496
Jan. 1 to July 3 1 ..
462,240
558,437
def.128
212,064
STREET RAILW AYS AND TRACTION COMPANIES.
B’klyn B.& W End July
25,437
26,948
11,900
13,928
Jan. 1 to July 3 1 ..
79,822
73,734
27,205
22,956
Jan. 1 to Latest Date.
L a te s t G r o ss E a r n i n g s .
T
o
t
a
l................
Aug.
117,288
111,520
53,533
49,806
G ross
659,350
Jau. 1 to Aug. 3 1 ..
743,691
80,612
284,826
E a r n in g s .
1894.
1895.
W e e k o r M o 1895.
1894
146,735
Buffalo Railway ...S ep t.
131,186
76,377
60,243
Jan. 1 to Sept. 3 0 ___ 1,252,574 1,138,161
609,599
493,293
$
July
1
to
Sept.
3
0
___
459,589
410,994
236,012
191,677
Baltimore T raotion... 12daysSep 45,287 36,147
54,131
56,537
17,080
2,112
10,901
15,301 Chic.& So Side R .T .ltJuly
2,290
9,852
Bath 8t. Ry. (N. Y .).. September.
Jan. 1 to July 3 1 ___
431,922
407,070
90,741
97,075
Binghamton St. R y ... Septemb’r. 12,553 12,597
107,211
55,427
Bridgeport Traction. tthwkSep.
8,623
92,188 Chester (Pa.) T ract.S ept.
4,735 228,436
23,221
21,897
15,444
177.094 142,011
B rockton Con. St. Ry. A ugust___ 31.202 22,591
July l to Sept 30---74,197
46,110
Br’ klyn Queens & Sub J u n e ......... 62,548 53,561 263.095 256,684 Cinn. Newp. & Cov..Sept.
61,092
50,461
27,716
18,079
Brooklyn Traction—
Jan. 1 to Sept. 3 0 ___
466,596
364,344
158,408
90,434
Atlantic A v e ......... A ugust___ 82,080 82,895 544,320 641,332
Citizens’
of
Ind’nap.Apr.
74,202
64,209
36,658
95,100
Brooklyn B. & W. E. A ugust___ 29.266 21,366 109,088
32,396
Jan. 1 to Apr. 3 0 ___
264,393
Septemb’r, 98,529 96.915 757,879 840,606
235,910
108,228
1'otal....... . ......
90,254
Buffalo R y ................... Septemb’r. 1.46,735 131,186 1,252 574 1,138,161 CityEleo. ( Rom e,Ga.)a Sep.
1,978
1,830
635
Chester T raction------ Septemb’ r, 23,221 21,897
Apr. 1 to Sept. 3 0 ___
10,677
3,387
Chic, a So Side R. T. J u ly .......... 54,131 56,537 431,922 407,070 City &Sub.Ry.(Balt.) Aug.
102,559
46,622
Cin. N ew port & Coy .. Septem b’r, 61,092 50,461 466,596 364,844
135,063
Cleveland E lectric..Jun e
148,812
1,880
City Elec. (Rome.Ga.) Septemb’r.
1.978
58,193
47,357
Jan. 1 to June 3 0 ....
691,197
607.577
233,773
200,323
City & Suburb (Balt.) A ugust___ 102,559
Citizens’, Indianap’lis A p ril......... 74.202 64,209 264,393 235,910 Columbus RR. (Ga.)f June
15,027
U .536
Citizens’ Trac.,Pittsb. J u ly .......... 53,391 49,075
Jan. 1 to June 3 0 ---19,795
Cleveland E le ctric... J u n e ........ 135,063 148,812 691,197 607,577
65,800
Columbus St. R y __ Sept.
59,013
38,183
35,539
*19,795
*5,027
Columbus RR. (G a.).. J u n e ........
Jan.
1
to
Sept.
3
0
___
472,530
420,919
243,369
223,414
Columbus St. Ry. (O.) 2d w k Oct, 11,550 10,509 496,270 442,695
Denver
Con.
Tram
w.Aug.
68,029
310.386
Septemb’r.
67,294
29,141
38,585
26,149
252,546
Coney Island & B’ lyn.
27,895
Jan. 1 to Aug. 3 1 ....
474,928
487,774
179,029
Consol Trae. (N. J.) .. Septemb’r. 245,538 201,885 1,869,635 1,566,42 )
184,871
138,779
July 1 to Aug. 3 1 ___
136,249
474,928 487,774
52,687
D enver Con. 'I'ramw. August---- 68.029 67,294
56,338
3,795
7,610
Derby Street R y ......... Septemb’r,
Derby Street R y ... Sept.
7,610
3,795
4,350
743
19,343 19,880 137,880 132,296
August—
Duluth St. Ry. ...
Duluth Street R y...,A ug.
19,343
19,880
11,782
10,490
E lectric Trac., Phila Septem b’r, 247,024 163,282
Jau.
1
to
Aug.
3
1
___
137,880
132,296
75,910
54,765
99,399
Erie Elec. Motor C o.. A ugust___ 18,948 17.916
38,646
July 1 to Aug. 3 1 ___
39,085
23,166
21,880
149,007
Galveston C ity R y ... Septemb’r, 20,003 19,046 167,005
20,003
Galveston City KR.aSept.
19,046
6,379
6,443
Hestoifville M. A F.—
Jan. 1 to Sept. 3 0 —
167,005
62,845
149,007
50,674
Arch Street............ . Septemb’r. 35,461 18,547
2,702
8,139
Race Street............ Septemb’r.
Inter-State Consol. Street
T otal...................... Septemb’r. 43,900 21,249 364,388 229,449
12,293
Ry. (No. A ttleb.)..S ept.
6,136
8,957
956
H oosick R y ................. Septemb’r.
Lakeside Ry. (Malianoy,Pa.)
Interstate Consol, of
Jan.
1
to
June
3
0
....
10,500
3,743
North A ttle b o ro ... Septemb’r. 12,293
Lehigh T raction.. a . Sept.
11,238
90,012
4,241
10,485
Lehigh T raction........ Septemb’r. 11,238 10,485
90,012
Jan. 1 to Sept. 3 0 ...,
.... ...
34,662
2,577
Lock Haven Traction A ugu st—
61,652
7,408
Lorain St. R y .............. .Septemb’r.
Lorain Street R y __ Sept.
7,403
3,383
Louisville R y ............ 4tliwkAug 28,838 23,657 807,974 770;579
61,652
Jan. 1 to Sept. 3 0 ___
29,195
52,575 35,674 285,410 184,100
Lowell Law. & H a v.. A ugu st—
105,647
Louisville
Railway.
Aug.
94,837
49,292
40,993
Lynn & B oston.......... 2d w k Oct. 22,544 23,168 1,140,658 1,027,282
Jan. 1 to Aug. 3 1 ....
807,974
770,579
376,084
355,270
M etrop. (Kansas City) August— 1.64,153
Lowell Lawr’ce& H .A ug.
52,575
35,674
7,440 ” 4,175
21,635
M etrop.(W ash.f D. <J.) l2daysSep
17,533
285,410
37,468
4,100
Jan. 1 to Aug. 3 1 ....
184,100
102,732
23,987
4,991
Montgomery St. Ry. Septemb’r.
49,998
Montreal Street R y ... Septemb’r, 118,946 90,427
177,493
151,025
Lynn & B oston .........Aug.
104,428
77,587
Nashville St. R y ........ M ay........... 27,867 27,223
953,120
857,795
411,^73
Jan. 1 to Aug. 3 1 —
349,371
7,788
Newburg E lectric— Septem b’r. 12,463
Oct. 1 to Aug. 3 1 .... 1,239,660 1,112,456
502,309
426,688
New England St.—
Winchester A v e — Septem b’r. 23,872 20,482 185,231 161,587 Market Street R y.—
486,021
Jan. 1 to J une 3 0 ---- 1,489,538 1,519,589
511,353
24,183
23,618
2,935
2,756
P lym ’ th & Kingston Septemb’r.
74,791
T o ta l...................... Septem b’r. 26,628 23,417 208,849 1 8 5 ,/70 M etroo.8t.Ry.(Kan.C.) Aug. 164,153
482,279
92,476
New H aven St. R y. .. Septemb’r. 19,592 14,257 150,649
June 1 to Aug. 31 —
211,639
8,866
9,429
New London St R y .. A ugust___
4,991
4,100
M ontgomery St. Ry.Sept.
2,917
2,252
New Orleans Traction 1st w k Oct. 26.314 19,800
37,468
Jan. 1 to Sept. 3 0 ....
23,987
15,596
8,329
8,957
Newton St. R y............ J u n e ......... 10,648
27,867
27,223
12,162
Nashville
Street
R
y.M
ay
12,836
615,021 656,282
N. Y. & H arlem .......... J u ly .......... 60,090 59,31^
311,896
30 L,470
May L to Apr. 3 0 ...,
125,527
103,957
Northam pton St. Ry.
6,324
12,463
58,205
Newburg Elec. R y ..3 ep t.
7,788
7,290
(M ass.)...................... August___ 10.315
3,705
3.035
Ogdensburg St. R y ... Septemb’r.
9,429
New London St. R y.A ug.
8,866
5,671
5,615
Paterson R y ............... Septemb’r. 30,411 23.6Y3 222,594 182,660
113,317
79,181
39,519
24,385
People’s Trac. (Phila.) Septemb’r. 194,103 137,331 1,533,588 885,847 New Orleans T ract..A ug.
874,766
609,964
361,012
Jan.
1
to
Aug.
3
1
....
209,642
19,330
23,508
Portsm outh St. R y ... A ugu st___
73,155
60,090
59,314
18,620
P o’keepsie & W app.F. Septem b’r. 12,002
20,417
N. Y . & H arlem ....... July
615,02L
223,989
656,282
Readi ug T raction....... Septemb’r. 20,138 16,641 142,539 124,342
Jan. 1 to July 3 1 ----25 4,167
3,361
3,628
Roanoke Street.......... Septemb’r.
10,3 L5
6,324
6,451
Northampton St.Ry.Aug.
4,059
Rochester R y .............. Septemb’r. 75,924 64,070 648,369 549*,322
58,205
28,551
Jau. 1 to Aug. 31 —
9,985
8,396
Savannah E le c tr ic... M ay...........
Oakland (Cal.) Consol.—
8,107
Schuylkill T raction... Septemb’r.
9,536
62,342
Jan. 1 to June 3 0 ....
16,243
4.814
5,543
Schuylkill Yal. Trac.. Ju ly ...........
Scranton Traction— Septemb’r. 28,990 23,218 217,015 187,417
3,000
Second A ve. (Pittsb.) A ugust___ 41,586 20,602
30,411
23,013
Paterson Rail way...Sept.
15,016
9,761
Syracuse C onsol........ Septemb’r. 12,891 16,900
222,594
182,660
93,957
63,912
Jan. 1 to Sept. 3 0 ----Syracuse St. R R ......... Septemb’ r. 22,132 13,404 177,629 117,633
Portsm outh Street R y.—
34,388
7,571
Taunton St. R y ......... J u n e .........
23,508
19,330
Jau. 1 to Aug. 3 1 ___
12,248
43,556
60,817
Terre Haute E l’c. R y. J u n e ......... 12,857 10,975
Third A ve. (N. Y .) ... A ugu st___ 249.000 207,000 1,762,495 1,353,831 P ’k’ps.City &W. Palls Sep.
12,002
4,756
Toronto St. R y .......... Septemb’r. 108,299 104,130 746,089 723,264
73,155
Jan. 1 to Sept. 3 0 ....
28,727
Twin City Rap. Tran. Septemb’r. 185,846 177,307 1,466,284 1,483.497 Rochester R ailw ay..Sept.
75,924
64,070
27,598
25,275
Union (N. B edford)... Septemb’r. 18,123 15,052 149,505 129,686
618,369
549,322
Jan. 1 to Sept. 3 0 ___
227,829
257,937
88,024
Union Ry. (Saginaw). August___ 13,643
8,396
9,985
921
Savannah Elec. R y ..M a y
1,977
1,575
2,147
Union Ry. (Saratoga) J u n e .........
29,196 Schuylkill Traotion.8cpt.
43,814
6,342
4,548
Wakefield & Stone___ Septemb’r.
9,536
8,107
5,335
2,887
113,173 Scranton T raction..8ept.
W aterbury Traction.. Septemb’r. 23,242 17,269 180,619
23,990
23,218
16,572
8,831
W est E n d .................... A ugust---- 733.000 603,000 5,081,000 4,481,000
217,015
187,417
100,867
74,766
Jan. 1 to Sept. 3 0 —
1,204
1,677
W est Shore (Conn.)... Septemb’r.
86,248
71,647
46,511
29,444
July
1
to
Sept.
3
0
----167,851
188,234
33,537
39,614
Wilkesh. & Wy. Valley J u n e .........
Sioux City Traction—
3,983
3,844
W ilm ington S tr e e t... J u ly ..........
12,793
16,168
1,767
5,496
June 1 to July 3 1 ___
W orcester Consol....... A ugust___ 41,655 33,042 280,872 236,815
207,000
249,000
116,000
110,000
Third Ave. (N. Y.) ...A u g.
* R oad in process o f reconstruction.
Jan. 1 to Aug. 3 1 ----- 1,762,495 1,353,831
108,299
104,130
69,663
Toronto Street R y .. Sept.
58,374
S tr e e t R a ilw a y N et E a r n in g s .— I n t h e f o l l o w i n g w e show '
723,264
373,420
746,039
316,454
Jan. 1 to Sept. 3 0 —
b o t h th e g r o s s a n d th e n e t e a r n in g s to la te st d a te s o f a ll S t r e e t
185,846
177,307
115,594
110,421
Twin City Rapid Tr.Sept.
830,305
809,521
r a ilw a y s f r o m w h ic h w e h a v e b e e n a b le t o p r o c u r e m o n t h ly
Jan. 1 to Sept. 3 0 .... 1,466,284 1,483,497
.......
13,643
re tu rn s. A s in th e ca se o f th e ste a m r o a d s , th e r e tu r n s o f th e Union Ry.(Sagtuaw).Aug.
6,532
88,024
41,622
Jan.
1
to
Aug.
31
—
d iffe r e n t r o a d s a re p u b lish e d b y u s e a c h w e e k as s o o n as r e
1,575
2,147
570
Union
R
y
.of
Sarat’a.
June
493
c e iv e d , a n d o n c e a m o n t h (o n th e t h ir d o r th e fo u r t h S a t u r
23,242
17,269
11,394
d a y o f th e m o n t h ) w e b r in g a ll th e r o a d s r e p o r t in g t o g e t h e r , Waterbury T raction.Sept
180,619
76,033
Jan. 1 to Sept. 3 0 ....
113,173
a s is d o n e t o -d a y .
39,614
33,537
22,077
Wilkesb. & Wy. Yal. June
19,709
— N et E a r n i n g s .—
.---- Gross Earnings.—
188,234
167,851
72,236
Jan. 1 to June 3 0 ,...
89,987
1895.
1894
1895.
1894.
41,655
33,042
22,908
Worcester Con. St.Ry. Aug.
16,025
$
$
Roads.
280,872
236,815
Jan. 1 to Aug. 3 1 —
102,292
77,729
2,112
2,290
603
603
Bath Street R y .........Sept.
17,080
15,301
5,693
3,864
Jan. 1 to Sept. 3 0 ___
a Net earnings here given are after deducting taxes.
It Net earnings here given are before deducting taxes.
6,592
12,597
6,837
Binghamton St. R y.S ept.
12,553
99 H99
1 R oad in prboess of reconstruction.
4 1 99.fi
90.74.1
97.075
Jan. 1 to Sept. 30___
STREET RAILWAYS AND TRACTION COMPANIES
The following table shows the gi'oss earnings for the latest
period of all s t r e e t railways from which w e are aole to obtain
weekly or monthly returns. The 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.
THE CHRONICLE.
October 19, 1895.]
AN N U A L
701
We have under oontraet the ooustruotiou of fou r irou bridges, whioh
: are to replace four old wooden ones, m aking approxim ately 9 15 lineal
feet of iron bridging, which will be com pleted about thellrst o f Novernher. Some o f the cost of masonry for these bridges has been oharged
iu this year’s expenses.
REPOR TS.
i
Bio Grande Western Railway.
( Report fo r the year ending June SO, 1S85J
Necessity fo r entrance into Cleveland.—For the preservation
The annual report of President Wm. J. Palmer will be and future prosperity of the property au entrance into Cleve
found at length on subsequent pages.
land is absolutely necessary. At Columbus we could not pro
T h e c o m p a r a t iv e tables f o r fo u r y e a rs e n d in g w ith J u n e 80 cure commercial terminals except at a great cost, and the
h a v e been c o m p ile d f o r t h e C h r o n i c l e in th e usual c o m p le t e nature of the business we do at Columbus in oar judgment
form as follows :
would not warrant the expenditure.
S O A D AN D E Q U IP M E N T .
Statistics.—The earnings and expenses, and income account,
Mile* June 30—
1894-95. 1893-94.
1392-93.
1991-92.
are
given below for four years
Owu.(ineLtraniWys)
513
513
511
494
Leased........................
18
Total .................
Locom otives..............
Pas.,mail & exp. ears
Freight cars..............
Other cars................
531
74
56
699
16
18
18
is
531
74
56
701
14
529
74
56
70 6
15
5 ti
70
56
709
15
E A B N IN G 9 A N D
EXPEN SES.
1894-95.
206
Miles operated......... ..............
Earnings from —
$
P assen gers..............
Freight......................
Mail, express, e to ...
1893-94.
206
#
301,594
479,443
115,052
1892-93.
206
$
318,497
643,964
67,778
1891-92.
195
$
298,183
612,189
57,570
Total earniotra . ............ 857,930
Oper. expenses and ta x e s ..574,630
896,090
676,184
1,030,240
782,994
967,943
731,003
Net ea rn in g s.... ..............283,300
219,906
247,246
236, >40
O P E R A T IO N S A N D F IS C A L R E S U L T S .
O peration*1891-95. 1S93-94.
1392-93.
1591 92.
Passenger*carried 219,313
213,540
293,489
275.850
Passenger mileage. 21,747.214 30,275,934 33.09s.334 33,579,531
2*04et-* 3 * /2 v t* .
l*v*9 ets.
2-08 cts
K atep. Pass. p. mile.
Freight (tons) m ov’d
678,539
635,561
667,451
632,288
Freight (tons) mil’ge 116,633.9*3 103,993.521 100,894,099 106,260,2^7
Av,rate p ton p.mlie 1*333 cut.
1-40 o u ,
1'69 cts.
1*712 cts.
E a m in gt—
8
$
§
$
Passenger.....................
443.047 521.992
660,884
700,004
F r e ig h t ....................
1,612,932
1,481,510
1,710,716
1,8 9,880
Mali, express, A c ...
133.712
117,816
121,861
124,040
Tot.gross earn'gs.
2.169.691
2.101.313
2,496.461
2,643,924
Malot. o f wa>, A c ..
M a m t.of eoulpm ’l ..
Transportation exp.
C ontingent................
Gen., taxes A insur.*
278,080
211,391
831.243
14,772
186,611
237.993
lsa,594
814,732
24.213
1S8.703
361,611
195,514
904,235
21,666
190,622
399,352
2«>3,172
922,523
2*,230
130.150
1,451,236
647,032
J09 206
1,673,723
822,733
67*05
1,733,427
910,497
65‘56
Operating expense*—
Total .................
Net earning*............
P .eLop.exp.to earns.
1,522,597
667,091
' 69*53
INCOME ACCOUNT.
Reeeipt*—
Net earnin g*............
Other r e ce ip t* .........
1894-95.
•
667,094
48.654
1893-91.
*
647,082
23.606
1892-93.
6
822,733
23,734
1891-92
8
910,497
18,074
715,7*8
070,690
846,407
928,571
63.054
33,009
OU-i.oOO
536.088
...................... .
4,43t
37,243
36,530
580,000
312,116
24,0*27
31,512
560,0 )0
312,389
5,608
909,519
Total incom e .
u rsem en '* —
Rental, p«|,l . . . . . .
Interest on l*ou*l,..
Dividends ...............
M iscella n eou s.........
T o t a l............ .
8 orpins
675.485
681,340
032,973
40,2 6 3
9 ,3 5 0
4*1,86,506
.................
19.052
COKDEXsatl BALANCE SHEET JUNE 30.
1895.
1894.
1893.
iw h 9
27,970,919
.
29,502.405
28,401,770
Rossi a ml e q u ipm en t.,. . . . .
. 23 03,2 89
2,194,311
Steeles sod iMisisl* o w n e d ..
2,893,118
800,000
2,000,000
800,000
Com patsy’» i e n d i i t treasury . . . .
173,042
108,592
161,046
T lnlfo Range Rv. betterm ente...
436,420
3*23.030
318397
Cash.......................................
138,364
109,099
122.154
D ae terns »*■>-»(*, ii.ihvislnais, Ac.J.
138,336
137,457
1 4 1,528
Steel rati* un hand......... .
171,233
148.315
Material*, Ac.
......
147,909
50,199
37,095
M lseeilancous . . . . . . . . . . . . . . . . . .
Total............................................ 33,0*5,255 33,034,142 33,955,918
I.inbiUtire—
Common stnek . . . . . . . . . . . . . . . . . . „ 10,000,000 10.000,000 10,000,000
6,250,000
0,250,18)0
Preferred stock .................... .
6,250,0*10
Bond* (see ScrrLEMRStT)............ lO.OOO.CMM) 16,000.000 16,000,000
741,000
Bllia psyahin ........
......
85,000
Tem porary Plans..........................
283,249
260,703
Voucher*, p ay-rolls,etc . . . . . . . .
238.555
85,834
Due other road* and fodlridnalai.
56,709
65,003
312.432
299,566
312,093
Interest due and accrued..
32,500
35,000
34,989
T ax**............... ....................
D ividends........................ .
78,106
14,409
26,610
23,103
Equipment destroyed . . . . .
00,156
60,156
Depreciation o f equipment
MUeeiianeous..........
80,154
24,160
Prod t and loss balance . . . .
T otal._______________
—V. 60, p. 874.
** 33,095,255
33.034.142
33,955,818
Cleveland Akron k Columbus Railway.
("Report fo r the year ending June SO, 1S96.J
Tito report of President George W , Saul says in part:
||f,Vjrninff*.—The total earning# decreased 4*26 per cent,
while the expenses decreased 15 85 per cent. The cost of
operating the main line decreased from 72*51 per cent to 02*80
per cent, or 18*34 per cent. The cost per ton per mile de
creased from 6*2 mill* to 5*4 mills. The cause of the decrease
in grw* earning# w m largely due to the general depression in
business throughout the country and the general railroad
strike which prevailed in July* last year, and which practi
cally suspended traffic on all of our connections. Our road
w*a not affected by the strike, excepting so far .is connections
could not give us or take business from us. The decrease in
cost of operation was due to the strictest economy being ex
ercised in every department.
Maintenance, Etc. - Regarding maintenance and improve
ments the report says:
Repair* to treaties and bridge* cost ? 1,422. Station* received gen
eral repair* st s *--* il c*>«t f’*r h-.avy repair* o f 81,629. All o f our main
line station* are now covered with «iat* roof*. There wore seven miles
o f track balls*ted ch trged to repair* ami twenty-one mile* ballasted
charged to eun*>tructlnn : 35,7*2 feet o f fence and 1.226 feet of cross
feoe* were built a! * «■■*! >.f 82,()5 *> 60 and charged to expense* : 10
locomotive# reeel
general repair*, at » cost o f 93.197 ; 0 coaches
receive*! heavy repairs, at a cost o f 8 2 ,7 7 3 ; 9 locom otives received
heavy repair* at a eost o f *3.793.
IN C O M E A C C O U N T .
1894 95.
Receipts—
$
Net earnings............ ..............283,300
1893-94.
*
219,906
1892-93.
8
247,246
399
1891-92*
$
236,940
T ota l...................
Disbursements —
Rentals..... ............... .. ....... 27,193
Interest (n et).......... ..............142,408
.............. 55,047
219,906
248,145
236,940
35,071
132,979
38,654
129,539
5,375
39,583
123,711
168,050
173,578
74,567
51,856
S H E E T JUNE 30.
1895.
$
0,877.379
31,581
50,000
96,007
20,988
1,381
213,294
23,646
T otal................... .............224,648
Surplus ................. .............. 58,652
#
G E N E R A L B A L 4 NCK
Asset*.
Ro»«t and equ ip m e n t..........
Material* End fu el...............
Akron Un. Dep. stock .........
Cash accounts due...............
Cash................. .......................
M iscellaneous........................
Total assets....................
Liabilities.
8took.................... .................
Bonds (see SDFI’Lemkx T )...
Bills payable .......................
Accrued intercut...............
Current a c c o u n t s ...........
Other account*......................
Profit and loss . . . . . . . . . . . . . .
Total liabilities...............
—V. 61, p. 4*20.
50,000
1894.
9
6,758.511
36,104
50,000
116,723
4,728
2,154
7,077,836
0,968,219
4,000,000
.2.530,000
33,328
46,250
. 184,490
5,608
. 276,159
4,000,000
2,530,000
24,230
48,250
140,153
8.027
217,508
,7,077,836
6,968,219
Western New York it Pennsylvania Railway.
( Report fo r the year ending June SO, 1895.J
The first report of the reorganized company covers nine
months during which the road was in receiver’s hands
and three months since the receiver was discharged.
President Be Coursey directs attention to the improved finan
cial condition of the company, and then says in part:
Earnings.—The average rate per ton per mile received in
1895 is 759 thousandths mills.less than in 1891, which, upon
the ton mileage of 1895 amounts to $380,011 67 ; so that our
greater economies (larg-ly secured through reduction in sala
ries and wages) were nearly absorbed by the lower rates re
ceived
1hMtonnage for the year shows an increase of 806,595 tons, or over 23 per cent. The greatest increase was in
bituminous coal, ore, iron, stone and lime, ice, refined oil and
merchandise, ami the greatest decrease was in the tonnage of
anthracite coil, lumber and bark. Our iron tonnage for this
year was largely in excess of any previous year (132,061 against
82,43* tons) and our expectation for further good business in
this item is one of the promising signs for the future. The in
crease in bituminous coal is gratifying, the to al tons carried
being 1,738,638 against 1,016,400 in 1893 94. Refined oils shows
an increase of over 12 per cent (31,495 tons), attributable to
our Having secured additional tounageto markets not reached
by pipe lines. Lumber shows a decrease of over 7 p. c. (57,743
tons.) We expect an increase in thLs traffic the coming year,
The decrease [of 42,520 tons] in bark traffic was anticipated in
our report for 1893. The decrease ia anthracite coal was
mainly in the spring of 1895, and was caused by the stringencyin money in the West and Northwest. We confidently look
for larger shipments during the coming fall, The question of
abolishing grade crossings in Buffalo is slowing progressing,
and your company hopes to be able to make satisfactory ar
rangements by which its part of the work may be done with
out financial inconvenience.
Financial Operations.—Tables presented show expenditures
for payment of equipment notes (principal) $308,127 ; for bet
terments and rolling stock, $152,640 ; for expenses of reor
ganization, etc., $348,708 ; total, $809,471. This sum was pro
vided for partly from earnings and partly by sale of $250,000
first mortgage bonds aud by issuing bills payable (for reor
ganization purposes solely) to a total of $212,720.
*
Improvements —Some of the principal improvements made
during the year were as follows .
There were erected 12 bridges (13 spans) of iron and iron
and steel, aggregating 981 feet, replacing wooden bridges;
196,106cro3s-ties (mostly white oak) were put in main track and
sidings: 24*99 miles of standard section 67-lb. steel rail were
702
THE CHRONICLE,
putin main track, replacing worn rail; 56,133 cubic yards (10,038
car loads) of first-class ballast were used in ballasting 56*25
miles of track. All, wooden trestles have been carefully re
paired and renewed; all wooden bridges have been strength
ened, pending the erection of new iron and steel bridges.
Statistics.—The comparative tables of statistics, compiled in
the usual form for the C h r o n i c l e , are as foil )vvs :
O P E R A T IO N S A N D F IS C
L RE8U LTS.
1894 95.
1891-92.
1893-94.
1892-93.
Miles o f road oper’d.
669
(J13
643
639
Operations—
Passengers carried .. 1,392,054
1,711,379
1,459.668
1.689,546
Pass, carried 1 m ile. 30,816,061 31,449,065 35.475,480 33,518,458
Rate x>er pass. pr. m. 2-185 cts.
2 315 cts.
2-100 cts.
2-177 cts.
Freight (tons) cur’ d. 4,287,832
3,4*1,237
4,607,475
4,433,917
Fr’gt(tons) car. 1 m .500,674 137 381.951,169 507.545,024 443,332,206
Rate per ton p. m ... 0-4903 cts. 0*5662 cts. 0*5514 cts.
0 602 cts.
Earnings—
$
$
$
*
Passengers................
673,945
691,802
775,981
772,167
2,798,ul 6
Freight....................... 2,454,953
2,162,694
2,669,901
153,112
157,406
134,2 74
Mail, express, &o___
145,556
Total earnings..
3,282,010
3,011,902
3,716,639
3,580,156
Maint. o f way, A c ...
Maint. of equipm’ nt.
Conducting transp’ n
General......................
527,041
515,959
1,125,173
124,013
591,626
415,620
1,019,941
187,164
609,349
519.633
1,193,797
194,347
633,24 5
47 *,060
1,093,026
194,029
T ota l...................
Net earnings............
P. c. of exp. to earn.
2,292,836
989,174
69-80
2,214,355
797,547
73*52
2,517,126
1,199,513
67*72
2,398,360
1,181,796
66*9
IN C O M E A C C O U N T .
1894-95.
*
989,174
29,600
1893-94.
*
797,547
711
1892-93.
$
1,199,513
1,006
1891-92
$
1,181,-96
T ota l....................... 1,018,774
Disbursements—
Int. on 1st m ort’s ___
508,710
14,654
Int. on real es. m orts.
Int. on equip, notes.
72,89-2
T axes..........................
89,658
M iscellaneous.......... .
798,258
1,200,519
1,181,796
502,460
14,654
39,357
99,735
26,400
503,138
15,164
31,699
102,848
26,400
503,500
17 ,oi2
43,087
86,773
2,358
T ota l............T ___ .
Surplus for y e a r....... ..
682,606
115,652
679,249
521,270
30, 1895.
652,740
529,056
Receipts—
Net earnings..............
Other in c o m e .-..........
685,914
332,860
G E N E R A L BALANCE
SH E E T JU N E
ASSft8—
Road and equipment ................................................................... $51,381 ,079
Stocks and bonus owned
K ' 5 , ,231
Materials and supplies.........— ..............................
1 5 7 505
Due from agents and conductors ..........................
1 16 ,055
Due from individuals and com panies....................
5 V 7 ,,266
Casli on hand.................................. .............................
1 7 4 , ,364
XJnaccrued interest included in equipm ent notes
4 7 , 3*53
M iscellaneous..............................................................
2 3 ,035
Total assets....................................... .
Liabilities—
S tock..... ....................................................
Bonds (see S u p p l e m e n t ) ................................
Equipment note* (including interest)
Interest on l st mortgage bonds..........
Real e ta te m o r tg a .e s ...........................
Wages iind supplies.................................
K b zua Valley RR w arrants...............
Bills p a j a t i e ...........................................
Profit and loss ...................... ................
M iscellaneous..........................................
.$52,571,948
.$20,,000,000
.. 29.,990,000
242,519
256,081
270,764
515,577
57.000
212,700
,027,159
128
Total liabilities........................................................................ $52,571,948
—V. 61, p. 283.
B u ffa lo R o c h e s te r & P it t b u r g R a ilw a y .
( Report fo r year ending June SO, 1895. j
The remarks of President A. G. Yates are given in subse
q u e n t c d u m n s o f t o -d a y ’s C h r o n i c l e .
T h e sta te m e n t o f e a r n in g s , e x p e n s e s , b a la n c e sh e e t, & c . has
b e e n c o m p ile d fo r fo u r y e a r s f o r th e C h r o n i c l e as fo l l o w s :
O P E R A T IO N S , E A R N IN G S A N D E X P E N S E S .
1891-95.
1893-94.
1892-93.
1891-92.
R oad operated..........
336
336
304
304
Operations—
Passengers carried.
742,702
771,128
802,937
762,512
Pass, carried 1 m ile. 15,410,668 16,133.349 16,152,858 15,687,269
Rate per pass. perm . 2*18 cts.
2*2'' cts.
2 32 cts.
2-28 cts.
Fr’ ght (tons) carr’d.
3,754,946 2,982,732 3,327,538
2,844 466
Freight (tons) 1 m 536,968,459 415,623,939 492,021,357 405,646,685
R ate per ton per m. 0*46 cts.
0*54 cts.
0*55 cts.
0-59 cts.
E arnings—
$
$
$
$
Passenger.................
396,201
375,026
408,634
391,199
F reight......................
2,877,223
2,647,678
2,893,636
2,549,897
5,512
6,813
M iscellaneous..........
6,470
6,010
T ota l....................
Expenses—
Transportion............
Maint. o f equip’ t.......
Maint. o f way, A c ...
G e n e r a l...................
T ax es.......... .............
E x tr’rdinary & im p.
3,028,216
2,780,237
1,196,729
551,538
330,158
87,803
59,728
39,131
1,134,652 I
465,280 !
365,302 12,357,411
8-%20<i
69,890
64,655
30,101
29,440
T otal....................
N et e a rn in g s............
P. ctop . ex to earns.
2,271,287
756,929
75-00
2,150,426
629,811
77*34
Receipts—
Net earnings............
Other incom e..........
1894-95.
$
756,929
38,225
3,308,740
2,947,106
2,082,622
52,905
54,853
2,451,506
857,234
74-08
2,190,380
756,726
76-72
1893-94
$
629,811
39,588
1892-93
*
857,234
45,724
1891-92.
$
756,726
52,555
795,154
6(9,39 9
902,958
809,281
577,371
575,468
535,346
439,882
18,900
124,960
31,252
18,900
123,932
30,126
18,900
72,981
24 0 -9
18,900
73,195
23,709
752,483
42,671
748,426
def. 79,< 27
651,256
251,702
615,6S6
193,595
IN C O M E A C C O U N T .
T o ta l...................
Disburst ments—
Int. on l ond A c -r tr.
Interest on bonds of
pi oprietary roads.
R en tals......................
Miscellaneous i n t ...
T o t a l..................
Surplus......................
[V ol . LXI,
B A LA N C E SH EET JU N E 3 0 .
A ssefs—
Cost o f road & equip.
Cost o f prop’t’y rds.
In v estm en ts...........
Cash.....
..............
Bills receivable.......
Materials on hand...
Ants., cond’tors, A c.
M iscellaneous..........
T ota l....................
Liabilities—
Stock, com m on.......
Stock, preferred .. .
Bonds (s c o S u p p ). .
Car trusts ................
Real estate mt^s
Bonds of propri. rds.
Int. accrued notdue.
Pay-rolls and vouch.
Bills payable............
M iscellaneous..........
Profit and loss.........
T otal...................
1895.
1894.
$
1893.
$
1892.
$
2 0 ,6 2 5 ,4 U
1 ,4 9 7 ,9 3 2
1 ,0 0 3 ,6 7 1
4 1 ,1 9 7
5 8 6 .0 0 9
2 6 1 ,9 8 5
3 6 ,8 6 8
9 7 ,2 2 9
2 0 ,4 6 3 .6 0 6
1 ,4 9 6 ,1 0 5
1 ,0 0 3 ,6 7 1
2 1 ,1 0 8
5 7 2 ,0 0 0
2 5 4 ,1 2 8
2 0 5 ,2 5 5
4 5 ,1 6 4
2 0 ,2 8 8 .3 8 9
1 ,3 3 5 ,4 9 6
1 ,0 0 3 ,6 7 0
2 5 ,4 0 9
5 ± 2 ,0 0 0
2 4 0 ,4 6 3
3 7 1 ,2 7 1
412
1 9 ,5 3 8 ,9 0 0
5 8 5 ,7 3 8
1 ,0 0 3 ,6 7 0
3 2 ,3 9 4
4 5 5 ,0 1 9
2 8 6 .6 3 6
2 6 1 ,6 5 8
259
2 4 ,4 8 1 ,3 4 2
2 4 ,0 6 1 ,0 3 7
2 3 ,3 0 7 ,1 1 0
2 2 ,1 6 4 ,2 7 4
6,000,000
6, 000,000
6 , 0 0 0 ,0 0 0
6 , 0 0 0 ,0 0 0
6, 000,000
9 .1 9 3 ,0 0 0
8 4 4 .0 0 0
3 1 8 ,5 0 0
1 2 4 ,4 8 9
3 0 9 ,6 4 8
4 7 8 ,3 7 5
6 4 ,3 6 4
1 0 4 ,2 3 4
8,195,000
543.000
2 -2.500
370.000
106,855
217,092
201,717
99.998
138,112
23,807,110
22,164,274
9.310,000
e0*,000
306,500
370,000
126,787
420,83 3
878,970
162,374
67,863
6,00f>,000
9, <40,000
869.000
314,500
370.000
127,178
173,124
666.000
*L 76/'28
25,2 j 7
24,481,342
24,061,037
6 , 0 0 0 .0 0 0
3" 0,000
6 . 0 0 0 ,0 0 0
all* Includes $133,093due to individuals and com panies.—V. 61, p. 558.
C in cin n a ti P o r ts m o u th <fe V ir g in ia R a ilr o a d .
( Report for the year ending June 30, 1895.)
President Samuel Hunt says in part in his report:
Earnings. — While the change in our gross earnings is not
large as compared with the previous year the increase in net
earnings is nearly 11 per cent. Had it not been for the great
coal strike north of the Ohio River in May and June of last
year, which gave us very large earnings in those months, our
gain in gross earnings would have been much larger.
While the neb decrease in operating expenses is only 1T3
per cent, the cost for repairs to bridges and trestles shows a
decrease of 30 23 per cent, and a saving in fuel account of
11*17 percent. The operating expenses have absorbed 82 24
per cent of the gross earnings, as against 83 81 per cent in
1893-94,
Improvemehts.—As to improvements the report says :
Eight uew trestles, aggregating 1,752 feet in length, have been filled,
50 per cent of this betterm ent having been charged to operating e x
pense. Since May 23. 1895, the cost of im provement has been charged
to capital account, the am ount o f which to Aug. 31 ,189 5, was $18,242,
hut bonds to cover same have not yet been issued and will not be until in
December next. The steel structures replacing the wooden ones West
of Red Bank will be erected within the pr sent month (October). Twothousand car-loads o f gravel have beeu distributed aud put under the
track. One hundred and fifty tons o f now steel rails have been placed
in track and the old rail used in additional sidings, all of which has
been charged to operating expenses.
Statistics.—The earnings, expenses, charges, etc., have been,
as follows :
E A R N IN G S , E X P E N S E S A N D C H A R G E S .
1894-95.
Rate per passenger per m ile.........
2 cts.
Rate per ton per m ile...................... .1-02 cts.
Earnings—
$
Passenger............................................
Freight.................................................
Mail, express, A c.............................. .
1893-94.
2-12 cts.
1 ct.
$
79,104
159,527
16,125
1892-93
1*98 cts.
1-44 cts.
$
93,374
167,606
16,155
Total..............................................
Expenses—
Maintenance of w ay.........................
Maintenance of equipm ent............ . . 22,837
Transportation.................................. .. 92,283
General, A c........................................
254,756
277,135
53,229
22,572
9 5 ,3 -6
42,376
64,268
2 3,815
97,212
40,695
Total expenses........................... ..2 11,0 94
Net earnings...................................... .. 45,599
Percentage of ex p ’s to gross earns .. (82-24)
Taxes, im irovem ents, A c...............
213,503
41,253
(83*81)
32,732
2 2 5 /J90
51,145
(81-54),
6,4C0
S urplus.........................................
8,521
44,745
30, 1895.
AsseIs_
Liabilities—
Cost o f road and equ ip..$2,301,147 Stock, com m on............ $1,566,000
O .& N W. bond’rs’ acot.
2,160 Stock, p r e fe r r e d .........
594,000
Cash..................................
21,537 N o t e s .............................................
6,2 oO
Other accoun ts..............
13,378 Audited pay-rolls, A c.
21,186
9,572
Other accou n ts............
3 41,234
Incom e accoun t..........
GENERAL BALANCE
Total . . . . —
-V . 59, p. 695.
GEN ER AL
S H E E T JU N E
$2,338,222
T ota l.............................$2,338,222
IN V E S T M E N T
NEW S.
R e o r g a n iz a tio n P la n s , 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
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 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; clef.,
for default; Com. for committee.
Yclume 61.
Page
Ad ison & Jt'enna....de/’, 469, 557
Allegheny & K inzua..__ sale. 365
Atchison T. & S. Fe.sale. 365, 516
Atlantic & P acific....... sale. 516
Chic. Santa Fe A Cal___def. 610
Colorado M idland____coup. 195
do
do
___ status. 557
St. L. & S. F..couv. 470, 516, 557
Cent. RR. o f Ga .. . sale. 516, 660
Birm. Shelf. & Tenn. R ...sale. 516
Volume 61.
Page.
Chatt. Rome & C ol....... Com. 470
Chattanooga Union__ plan. 610
Chicago A Atck. Bridge ..d ef. 558
Chicago G as.................... Com 610
Chic. & 8o. S id eR .T . Co. Com. 470
do
do
reevr. 661
Chic. P. A St. L sale. 47b, 558, 661
do
do . . . plan 365, 661
Col. & H ocking Coal A I. Com. 240
do
do status. 558, 661
October 19, 1695. J
fHE CHRONICLE.
Volume 61.
Page.
Volume 61,
Page.
Colam b. 3. .t 11 sale.195. S16. 553 Oreimn Im prov't Co..<7e/.569, 6 1 L
do
do
......... . . comb 538
------1reeer, 6 6 !
do
do
D em erC u yC .ibte............sale. *To „ do
do
......... (Jo,a. 662
Dl.-til.lue ..v C. F ............. sale. 231 Ore. Ry. & Snv.sale of col. 152,
F loru it Mid am t.— . ___ fo o t. *70
517, 612
do do sale.2*1, 472, 517, 663
GwiAysburic El. St. B* ..reeer. 553
do do
.. . p l a n . 325, 517
Green B. vVi. A 3t. F.plait -471, 558
H oattoa City str’t ay. forest. 611 Ore. S. L. & C. N'. dee. o f forest.
241. 517, 612
K tusas c u y * Oiu ti t- .r rr. 662
K*-atueky V lo d . B ridge.roup. 2*0
do
ilo ................Oom. 420
U'lih Southern. ...........C o * . 612
Kentucky Mid....................*<»«. 420
do
do
............ .C om*. 611 Paducah Telia. .V A la....Com . 663
K ia lerhook i Hudson. .Cam. 471 Peoria Geo. A E r............co ip 367
K ao tv. Climb Gap A L .tale. *71
do
do
..............plan. 367
Little Uock & Mem .......plan. 559
do
do C o«i.43t,517, 569
do
do
......s a l e . S it Philo. & R“ a d .......fared, suit. 517
L oaisr. Ev- A St. L e o tp. loti, 55 ’ P -rt Royal ife West. Car. .Sills 292
Lotuev St. 1. A Tern*. *tn as. 662 Pueblo Citv By .............. sale. 472
Macon le Bi til! .'iirku ui .. tale. 61 i Rich. N’trbolsv. I. 3c B___sale. 663
Mac a Ji Xortlieru ....... plan. 471 B .vaunab Americas k Montgo uery...................plan. 47o, 610
Marietta It So. Gu . soie.'28l, 662
Memphis Jc Charleston..coup 196 Sav. A West. .sale. 365, 47 ", 661
Mow terry V M cX.liult. slat as, 662 Seattle Cons. St. Ry.plan.569, 6 L2
H .V .L E .4 V sale. 2 >, 472, 559 Uuioa Pae.coup. 153. s77, 431,
do
do ....... .plan. 366, 559
518, 612. 663
N V. Peuut. 4 Ob o ---- plan. 472
do
.................. ..Com. 663
N orth .2 East. Ktv <l .V ,.sale. 662 Uulted State* Book Co Com 431
N ortoeru Fue. reere.539, til 1, 662 IT. 3. Cord tire _____ .. Com 323
Ohio soothern..... ........... cotp . 367 Valley o f Jhio.sale. 193, 473, 569
do
reorg. 661
Omaha A ot. i. 'h U ...rce. rtfs, t i ll
Orange M t. Catile............ sale. 662 W aco is N orthwest..sale, i . i i . 663
703
Chicago & W est M ic h ig a n .— Uotcpons. —The directors
W ed n esday decided to con tin ue the pay u nit o f interest on
the first m ortgages, the W est M ichigan, due D *c. 1, and the
N irth M ichigan, d u ? N ov. 1, in h alf cash and half scrip.
This is the third such paym ent on both issu s
A circu la r
has been m ailed to bondholders setting forth the facts a3
given above, sim ilar to t h it o f A pril 26. The scrip is payable
in ten years, bearing interest a to per cen t, w ith the option o f
prepaym en t; it is secured by the cou p on s p la ced in trust. No
stock dividends are possible u ntil all scrip cou pon s are paid
off. The net earnings o f the road* for the past six m onths,
alth ough s o n e w h a t m ore th in sufficient to p *y a half cou p on
in cash, yet fall short o f the am ou nt necessary to p iv in fu ll
the cou pon s rnatu ing resp ectively N ovem b er 1 and D ecem ber
1. The director* are com p elled to again ask the in du lgen ce
o f bon d h old ers."— V . 60, p. 748.
C levela n d L ora in A W h e e lin g .— Preferred Stock.—A cir
cular offerin g a b lock o f this co m p a n y ’s preferred stock c o n
tains a statem ent from P r,sid en t W o o d fo rd w ith the fo llo w
in g report o f earnings fo r the yea r en d in g J u n e 30, 1895.
Pear.
Gross earnings.
1894-95.. $ 1,360,464
S e t ( over taxes).
#401,423
Interest.
#264,000
Pal., surplus.
$137,423.
The Cleveland line for w h ich an annual interest ch a rge o f
$85,000 (included in the §764 000) was in curred was on ly par
tially open d in May, hence the benefit fro m that source does
American Bell T e le p h o n e .— Stock at Auction. — T he u n su b n ot appear to any large e x v n t in the a b ove earnings. F or
scribed for stock, amounting to$584,900, will t>egold at a u ctio n the quarter en d in g Sept 30. 1895, the report, partly estim ated,
in Boston by R. L. D ay & Co o n O c t. 80. See advertisement show s a surplus ov er ch arges o f $34,713. The m an agem en t
on a n o th e r p a g e . —v, 81, p. 42 >.
p n p ,*es to make the preferred stock a regu lar div id en d payer.
A ra n sa s Bass T e r m in a l R a ilr o a d .— Sealed pr iposals w ill
This road is in a certain s m s e a feeder o f the L a k e Shore,
be re ce iv e d at the o ffice o f the com p a n y and at th •office o f b u t tHe Lake Shore no lon ger o v i s a n y o f its stock , the shares
Alex. B row n 3c Sous, B il.i no.'-?, i l l . , up to noon of the 23 h ! w hich it did ow n h aving been s o l i in 1893,—V . 60, p. 1058.
day o ' G otoher, 1893, for th e coda ru ction o f a term inal ra.ilC olu m b u s A H o c k in g (Jotl & I r o n — Stockholders' Commitr .ad from the Cuy o f A ransas Pass to aud across Harbor
fee.— A t a m eetin g o f the directors on W ednesday Mr. J oh n
Isla n d , a distance o : about 7 miles.
B lood good was authorize I to for n a P rotective S tock h a id ers'
A tch is o n Topeka It S a n ta Fe UK —St. L ou is k San Fran- ; C om m ittee to prepare a plan whi -h sh ou ld save the stock, in
c l» c o K i .— Heorganis ition . — Tne Atchison reorganization view o f the m ovem en t on a part o f a m a j irity o f the bond
c o m m itte e expects Very shortly to make a proposition to the holders to foreclose.
It is intim ated that a sm all assessm ent
bondholders of tne St. Lidia dt San Francisco looking to the o f three to five d o lltrs a share w ou ld provide a fu n d that
reo rg a n iz *Uon o! mat property as part of the Atchison sys w ould give the com p a n y an a n p !» w o rk in g capital, w h ich it
tem . ft) re are at pr«s»«nt n o com m ittees representing the is Deli>*v.*d w ould, w ith a con cession from the bondholders in
San F ia u cis co bonds.
the rate o f interest, place the com p a n y in a substantial posi
Foreclosure Sale, Etc —The sale o f the Atchison ha* been tion.— V . 61, p. 681.
fixed lo r D ec. 5, lb9.1. T he report that H i ward T. J effery,
(Jreut N orth ern H r.— Nt. P au l M in n e a p o lis A M a n ito b a
P resident o f the Denver & Kti G rande Railroad, wi 1 be Presi
H R,— Exchange o f First Mortgage Bondi —The 8 t. Paul
den t o f the r- o rga n ized A tch ison com p a n y cann-it be verified.
M ioneup dls & M anitoba RR, Co. iia* ren ew ed its offer to e x
Coupons —U n der ord er o f co u rt the cou pon s due July 1, ch
ange first m ortgage 7 per c *nt land grant g il i bond* for its
1893, on C h ica go rtanta Fe 3c C a tiforoia b o n d - ithe $329.lHX} of
consolid ited m ortgage 4f£ p*r cen t gold bond*, dollar fo r
b o n is ou tstan din g} are t* itig paid. T b e e lrlier cou pon s were
dollar. T oe present offer om it* the prem iu m o f 5 per cen t in
also paid, ou t tne C ou rt has re-cin d ed the ord er req u irin g the !
cash which was given i t the fo rm e r p riv ilege, e x p ir *d Ju ly
paym ent o f fu u re c upon*.— V . 81, p. 810.
25, but on bonds exch a n ged before D com ber 1 n**xt interest
A t la n t ic Coast E le c t r ic R y. —A * b n r j P a rk k B e lm a r ; w ill be adjusted to the d u e o f ex ch a n g e. Sec. advertisement
S tre e t K y , - Lease —A dispatch from Asnury Park, N J.eays on another ]Ktge — V . 61, p 558.
that the A tlan tic Coa t E lectric Ry. Co. ha* arranged to lease
E e n tn ck ) MLIIand K y.— A secou d a ttem p t to sell th is ro a d
the Asnury Park & Belm ar S .reet It ill wav.
under ordi r o f C our . w ill be n u d e at F ran kfort, K y ., D /c . 2,
B a lt im o r e A O hio H R .— Directors' M eeting.—A t th- ir meet the upset price bein g fixed as before at $170,000.—V. 61, p. 614
M etrop olita n T r a c tio n (N e w Vork C it y ).—Change o f Di
in g on W ednesday the director* resolved m a t, in view of the
very recent revival in railroad business a nd rat**#, and rectors. E tc — iu o rd tr, it i* said, to bring the M etropolitan
Traction
Co. into closer union w ith its operm in g com p a n y ,
con sequ en t propriety o f a ih e t in g to a financial policy of the
u tm ost con servatism , it w o u ld n ot be wise to distribute at |the .Vl-iropolitan .S rest R ill w ay C o.. H , td. V reelan d, Presi
presen t any portion o f the earnings to the common stock. dent o f the latter, ha* been m ade President also o f the form er
T h e directors a n n ou n ced that the net earning* fo r the a n d C . E. W arren has been m ad - S ecretary and Treasurer o f
tw e lv e m onths ended Ju n e 3d, 1891, a pplicable to a dividend both com panies. Bath have been elected direc;ora of the
u pon the co m m o n stock am ounted to o v e r 2l j per cent after Traction C om pany in pi tee o f Messrs. W h itn ey and H ender
tb s ded u ction o f all charges o f ev tr y description , including son, resigned. Mr. W h itn ey 's retirem ent, it is said, has no
dividen ds up m preferred stoca s, c a l l , sinkin g funds and car significance, a* he r. tains his large financi tl interest in the
property. P. A. B. W idener con tin u es as V ice President a n d
trusts,
T n e directors also ratified the new trunk line agreem en t.— W. L. Elkins and Thomas Dolan as directors o f the T raction
C om pany.
V . 6 !, p . 681.
Lexington Avenue Cable Linc. —Cable cars began running
B oston k tlb a n y R K .—S tock o f A uction.—The$100.lX)0.*tock
was sold W ednesday us fo llow s ; 200 shares at 8 u 8 ; 330 shares on tins line on M on day.— V. 61, p. 69,
at a w** and.230 sn ires a t 30*T* ; total r e a liz 'd , 9209.131, less
M on tgom ery & Entail la R y .—C e n 'r a l R y. o f t t e o r g la .—
$125 commission. M-*sr* Br**wster, Coho & Bstobrook pur Sale o f Sinking Fund Securities—A t the au ction sale o f the
chased 700 shores.—V, 61, p. 361.
M ontgom ery & Eulaula sinking fu n d securities at Savannah,
Central Rtt, A Banking Co. of Georgia -Savannah k f» i. on Oct. 8, all but tw o parcels w ere bought in fo r Messrs.
Western Kit.— Sate Confirmed— th e foreclosure sale of these Sam uel Thomas and Thom as F. R yan, the Central o f G eorgia
properties his been conItrated by Judge Pardee in the United r*oigiMni/.ailon com m ittee. The tw o parcels w ere §20,000
stock o f the Fii>t National B i lk o f A lb a n y , G a., and $21,800
hemes Circuit Court at Atlanta.— V'. 61, p. 661.
stock o f Central o f G eorgia stock, the form *r sellin g for 130
Chicago tins. - L i s t i n g — The receipts of th»* Central Tru*t and the latter for 121^ to outside parties. The securities, etc.
Company issued on tne certificates of the'Fidelity Insurance, purchased by the com m ittee w ere as follow s: Wrightsville &
Trust & 8 if e Deposit Cim piny of Philadelphia for the eapiral Tennille first 6*. due 1919, $35,000 at 100 ; Savannah & West
stocks of tins Cnioago Gas Companies, to h-* am mut of 37,433 ern first consols $34,000 at 62; Central o f Georgia certificates
shares, were listed this week on the New Fork Stock Ex o f indebtedness $7,b00 at 22; .Savannah H otel Co. (D e S oto
change. The application for the li*ting of the trust receipts H otel) $25,000 stock at 57; certain notes at $1,000; railroad
states that there is now under the control of the committee iron under lease to branch roads $1,315. The totat sum real
1(2,502 cer'iftcates of die Fidelity Trust Company out of an ized appears to have been about $113,000.— V . 61, p. 559, 661,
authotized issue of #33.600,1)00.
Ihe um- for dep *us under the plan is extended until and
including November 1.—V, 61, p. 610.
C h ica go P e o r ia « St. L ou is K R .—St. Lonis Alton A
T e r r e H a n t s .— Difficulty regarding tra n sfer . —President
Parker, of the Terre H«ut- r o a d , is quoted a s s a y in g that the
reorganiz itioO committee of the Chicago P ori t & S:. Louis
was unable to deliver the property to his company as agreed
on or before O t, 1, owing to a dispute between th e se c u r ity
holders o f the Peoria system. His company w a s prepared to
assume control, but the committee is unable at p re se n t to turn
o v e r tne property free from eacurnbraoces.—V. 61, p, 861.
N evada S on th ern R R .—S a fe.—This road is reported to have
been sold at Sheriff's sale for $153,966 to H . C. D illon for K .
B A nderson, w h o represents W ood b u ry aud D enver capital
ists. The r ad, it is said, w ill be deeded to the C *liforn ia &
Eastern, a D enver corp oration , and pushed to com p letion .
New Y ork L ake E rie & W estern H R — R eorganization O ct. 21 is the lim it fixed fo r receiving dep »sits o f bonds under
the plan. P ra cticslly all o f both classes o f old stock have
been deposited. T he second instalm ent o f the assessm ent on
the stock is payable O ct. 21. A* already ann oun ced the fore
closure sale has been fixed for N >v. 6.— V . 61, p. 559.
704
THE CHRONICLE.
N ew Y o rk N ew H aven it H a r tfo r d RH. -A n n u a l meeting.
—At the annual meeting; in New Haven on Wednesday,
President Clarke said the outlook was very favorable. For the
three months ending Sept. 30 (September being partly esti
mated) there was an increase in gross earnings of over
$1,000,000 and in net earnings of $375,000. Resolutions of a
formal character accepting legislation providing for the trans
fer of Stonington and New Haven steamboat wharf properties
were passed, and last year’s board of directors, with A. D.
Osborn of New Haven substituted for the late L. B. Morris,
was elected.
Meriden Electric tty.—Meriden Waterbury & Connecticut
RR.—The New York Evening Post prints the following from
New Haven :
Reports from Meriden make It almost oertain not only that tlio N. Y.
N. H & H. RE. Co. has bought the Meriden Electric Railroad, hut also
will equip the Meriden Waterlmry & C onnecticut steam road with elec
tricity. The receivers o f the New England RR. proposed dropping the
road. In ititn o w comes to the New Haven along with its N ew England
control. It is understood that this latest step o f the New Haven Com
pany was precipitated by the .notion o f h stile parties holding bonds,
w ho hope to get both the Meriden steam and e le c 'r ic roads, and estab
lish com petition with the New Haven Company. The Meriden Electric
Railway Company, by its charter, has the right to carry freight as well
as passengers.—V. 61, p. 662.
Norfolk & W e ste rn R R , —Foreclosure Suit.—At Clarksburg,
W . Ya.. Judge Goff in the United States Circuit Court entered
an order authorizing the foreclosure of the 100 year mortgage.
Bills have a l s o bt en f i l e d by the mortgage trustees for fo n closure of tbe Clinch Valley and the Maryland & Washington
Division moitgngts. This is in line with the plans of the re
organization committee. - Y . 61, p. 471.
N o rth e rn Pacific R R .— Annual Meeting -A t the annual
meeting of the stockholders Thursday the following directors
were elected: August Belmont, Henry L. Burnett, J. Horace
Harding, Marcellus Hartley. E. C. Hegeler, Brayton Ives,
D maid Mackay. Wm. E. Rogers, W. F. Sanders, John E.
Searles, George U Sheldon, Winthrop Smith and Charle
magne Towtr. Jr. The directors were instructed to prose
cute suits against Henry Villard and others for t e recovery
of moneys alleged to have been wrongfully appropriated.
President Ives's Circular—President Brayton Ives has issued
a circular which savs in oar :
It is pleasant to be able to report a decided im aroveaieut in the Con
dition o f the com pany during the last year. The net earnings were
greater by $1,384,204 than those o f tho previous year, and the increa-e
to date of the oreseut fiscal year is *876.448. M oreover, abundant
crops and reviving business give grounds fo r believing that the im
provem ent will oontinue.
The present com plications are unfortunate, hut there is reason to
believe that they will be o f short duration, and In any case they can
hardly be as costly to the road as the m anagement o f the old receivers.
The stockholders are to be congratulated on the failure o f a plan
which, under the guise o f reorganization, was intended to secure the
absorption o f the Northern Pacific by the Great Northern and its elim
ination as an independent corporation. It is rumored that the same
parties are striving to reach the same end by different means, but
there is little prospect o f suoeess. The Northern Pacific has seen its
darkest days. The region through which it runs is growing, and must
grow as rapidly as any in the country. I f the road can be run on a
strictly business basis it cannot fail to give good returns to its security
holders and satisfactory service to the States which it traverses.—
V. 61, p. 662.
Suit before Judge Lacombe.—The application for the re
moval of receivers Oakes, Payne and Rouse before Judge La
combe has been adjourned again till Oct. 25 at the request of
Mr. Herbert B. Turner, counsel for the Farmers’ Loan &
Trust Co. Mr. Turner gave as his reason that he thought the
interested parties would have settled matters between them
selves by that time.—V. 61, p. 663.
N o rth e rn P a c ific R R .— C e n tra l W a s h in g to n R y . —Order
o f Court.—A press dispatch from Spokane, Wash., Oct. 17,
says that Judge Hanford, of the United States District Court,
has filed an order empowering Receiver Chamberlain, of the
Central Washington Railway Company to cancel on Nov. 30
the lease under which the road is operated by the Northern
Pacific, and enter into negotiations with Receiver Burleigh,
of the Northern Pacific, for a new lease of the road upon
equitable terms. Failing to make such lsaseheis to open
negotiations with any other railway company or to lease the
necessary rolling stock and operate the road independently.—
V. 61, pi 662.
Oregon R a ilw a y & N a v ig a tio n . —Sale o f Collateral.—The
adjourned trustees’ sale of the bonds securing the collateral
trust bonds of 1889, which was advertised 'for this week, was
again adjourned to Oct. 29.—V. 61, p. 663.
O re g o n S h o r t L in e & U tah N o rth e rn R y .— Coupons— At
Omaha arguments have been heard by the Court regardirg
the payment of back coupons on the Oregon Short Line first
6s. Holders of the 5 per cent bonds object to their payment.
The Judge reserved his decision.—V. 61, p. 612.
P ort Royal & Augusta.—Foreclosure Safe.—Litigation
promises to delay foreclosure.—V. 57, p. 939.
P o r t Royal & W e ste rn C a ro lin a R R .— Foreclosure Sale —
Tbe sale of this road, including the Augusta & Knoxville
RR,, is advertised for Nov, 20, 1895. The upset price for the
Augusta & Knoxville is fixed at $850,000, for the Port Royal
& Western Carolina, exclusive of the Augusta & Knoxville,
at $1,800,000, ai d for the entire system at $2,650,000. It is
expected that the road will remain as formerly in the Central
of Georgia system.—Y. 61, p. 282.
S t, L o u is Cape G ira rd e a u & F o r t S m ith .— Reorganiza
tion.—At a meeting a few days ago in this city of the bond
holders, at which the Prerident and Receiver, Mr. Louis
Houck, was present, it was resolved to re-lay the first 40 miles
of the road with 56-pound steel rails as soon as litigation now
rV0L. LXl
p e n d in g w it h th e M issouri P a c ific c a n be a d ju s t e d , a n d in
o r d e r to a d ju s t th is liiig a t io n a te n d e r w a s m a d e b y M r.
N e w m a n E r b , C h a irm a n o f th e R e o r g a n iz a tio n C o m m itte e ,
o f a ll a m o u n ts d u e tb e G o u ld in te r e st, a n d a ls o a sta te m e n t
m a d e th a t th e r o a d w o u ld be p u t in g o o d c o n d it io n . I t is r e
p o r t e d th a t th e W a b a s h w ill v e r y lik e ly ru u t h r o u g h tra in s
fr o m C h ic a g o to E a st C a p e G ir a r d e a u , c o n n e c in g v ia th e C a p e
r o a d w ith th e S o u th w e s te r n s y s te m s . A p r e lim in a r y s u r v e y
is to b e m a d e o f a lin e fr o m H u n t e r , o n th e S t. L m is C a p e
G ira rd e a u & F ort S m ith , to H a r r is o n , A r k ., a n d p erh a p s
th r o u g h to F o rt S m ith , the lin e p a ssin g t h r o u g h th e O z a rk
c o u n t r y .— V . 61, p. 282.
S y r a c n s e S t r e e t R a i l w a y .— C o n s o li d a ti o n .— T h e S y r a c u s e
S treet R a ilw a y C o m p a n y has a b s o r b e d th e S y r a c u s e & E a st
S id e R a ilw a y C om p a n y ' an d th e S y r a c u s e C o n s o lid a t e d S tr e e t
R a ilw a y C o m p a n y . T h is la tte r c o m p a n y w a s r e c e n t ly so ld
u n d e r fo r e c lo s u r e f o r $865,000. T h e S y r a c u s e S tr e e t R a ilw a y ,
w h ic h is c o n t r o lle d b y C le v e la n d c a p ita lis ts , has a c a p ita l
s t o c k o f $4,000,000, a n d w ill issu e its c o n s o lid a t e d b o n d s c o v e r
in g a b o u t e ig h t y m ile s o f stre e t r a ilr o a d t r a c k , th a t w ill be
e q u ip p e d w ith th e m o d e r n im p r o v e m e n t s .— Y . 61, p . 328.
U n io n P a c i f i c R y .— R e o r g a n iz a t io n P l a n . — T h e c o m m it t e e
m e n tio n e d last w e e k h a s s u o m it te d a p la n o f r e o r g a n iz a tio n ,
o f w h ic h th e f o llo w in g e m b r a c e s tb e sa lie n t fe a tu r e s . T h e
p la n a p p lies o n ly to th e U n io n P a c ific m a in lin e a n d th e
K a n sa s P a c ific . T h e p lan in fu ll w ill b e fo u n d o n s u b s e q u e n t
p a g es o f t o -d a y ’s C h r o n i c l e ,
N ew S e c u r itie s .— I t is p r o p o s e d th a t t h r o u g h fo r e c lo s u r e
p ro c eed in g 's o r o t h e r w is e a n e w c o m p a n y , o r th e p re s e n t c o m
p a n y r e o r g a n iz e d , s h a ll issu e th e fo l l o w i n g s e c u r it ie s :
Common stock ........................................................................
$61,000,000
O f w hich to go to old stock on paym ent of assessm ent.. 60,868,500
Four per cent non-oumulative preferred s to c k .................... 75,000,000
O f which fo r purposes of reorganization............................ 47,135,600
7,000,000
F or equipment obligations. & c..............................................
Fqr settlement o f debt to U nitod States, & o...................... 20,864.500
First m ortgage railway and land grant 50-year 4 per cent
gold bonds, to be dated Jan. 1, 1897, interest payable
January and Ju ly................................................................... 100,000,000
Of which fo r old bonds to be retired..................................... 51,244,720
For equipment obligations. & c....................
13,000,000
For settlement o f debt to United States, Sea ................... 35,755 280
S e c u r itie s N o t E m b ra c e d in P l a n . — T h e f o llo w in g se c u r itie s
are n o t p r o v i d - d f o r , th e c o m m it t e e b e lie v in g it a d v a n t a g e o u s
io th e c o m p a n y to b e r e lie v e d f r o m b r a n c h lin e o b lig a t io n s :
Collater l t r u s t 6 s .......................................... *3,626,000, due Inly 1 ,1 9 0 8
Collateral trust 5 s....... ................................... 4,677,000, due Dec. 1, 1907
Collateral trust 4his....................................... 2,03<>,00«, due Nov. 1, 1918
Equipment trust 5s....................................... 1,149,000, due 189610 1900
Collateral trust gold note 6 s...................... 8,610,000, due Aug. 1 ,1 8 9 4
E x c h a n g e o f S e c u r i ti e s . — The o ld se c u r itie s are to r e c e iv e
ca sh a n d n e w se c u r itie s as f o llo w s , th e s t o c k first p a y in g th e
a ssessm en t D arn ed:
Old Securities in amounts o f
,--------- and will receive--------- ,
$1,000 bond, $100 stock—
Pays
1st mart. Pfd. Com.
Union Pacific debt —
Assessm’ l. Cash.
4s.
Stock. Stock.
lstm o r t. 6 s.............................................................
$1,000
*500 .........
Coupons to m aturity........................
If
Sinking fund 8s......................................................
1,000
500 .......
Omaha Bridge 8 s................................................
1,000
5’'0 .........
do
renewal 5s
..........................
1,000
250 .........
Kansas Pacific debt—
Eastern Division 6 s ............ i
Middle Division 6s.............. [■ ...........................
1,000
5 0
....
Denver E xtension 6s.......... }
Do coupons to m aturity.....................
11
....................................
Consol. 6s. ..............
800
500 .........
Defaulted interest................ ......................
......... 2 5 p .o ..............
Kansas Div. and collat. 5s, i
pledged for col. trust gold >
500 .........
note 6s................................ .1
Fragments of o ld lo a n st......................................
800
500 .........
Union Pacific stock ...................
*15
..........................
f 15 $100
{ For assessment.
If Interest in default on these bonds is to be paid in cash at tho time
of their deposit under the plan, and subsequent coupons as they m a
ture until Jan. 1, 1897, when the new 1 per cents begin to draw inter
est; tbe difference in interest (2 per cent) between the rate of the
bond surrendered and the rate o f the new bond is also to be adjusted
to tbe maturity of the old bond by a cash paym ent at the time the
new bonds are issued.
fThe outstanding portions of the incom e 7s (subordinate, and un
subordinate), Leavenworth branch 7s, Denver Pacific lsts, aggregating
only $40,526 ali told.
Deposits, Etc.—All stocks and bonds must be deposited be
tween Nov. 1, 1895, and Dec. 31, 1895, after which latter date
there will be a penalty of 5 per cent on bonds and an additional
assessment of $5 per share on stock. The assessments will be
pavable in instalments of not over $5 per share after the plan
shall have been declared operative. Shareholders not paying
the assessment will forfeit their rights. The time for declar
ing the plan operative is limited to Deo. 31, 1896, with option
to extend tbe time till June 30, 1897.
Underwriting Syndicate.—A syndicate organized by Kuhn,
Loeb & Go. will furnish the sum of $10,000,000 for purchase
of coupons, etc., and they may be called upon if necessary to
increase the amount to $15,000,000. The syndicate will re
ceive as compensation $6,000,000 preferred stock, of which
$1,000,000 is to be retained by the bankers above named.
Earnings and Charges.—The committee figures the average
net earnings for the ten years 1895-1894 on the 1,827 miles of
road embraced in the plan as $7,563,669; the lowest net earn
ings in any year were $4,315,077 in 1894. Under the plan the
interest on the 100 millions of new 4 per cents will call for $4,000,000 per annum and dividends at 4 per cent on the $75,000,000 of new preferred stock will call for $3,000,000, a total of
$7,000,000 yearly, or $563,669 less than the average net earn
ings for ten years, as above stated._______________________
( W~
F or oth er In v e stm e n t Item s see page 71 O.
1HE CHRONICLE.
October 19, 1895.J
705
Deposits may bs made at any of the Depositaries on and
after November 1, 1895, from which date matured coupons on
First Mortgage Bonds will be cashed as provided in the Plan,
The Committee may at anytime after December 31, 1895,
PLAN AND AGREEMENT FOR THE REORGANIZATION
alter the penalties above specified or decline to receive further
OP THE
deposits of bonds or stock.
The Mercantile Trust Company of New York has been des
U NI O N P ACI FI C R A I LW A Y C O M P A N Y ,
ignated as the Central Depositary both for the bonds ami the
stock (with auxiliary D positaries as set forth in the Plan),
r s c L t r o r a s it s
and will issue engraved Certificates of Deposit, for the listing
Kansas Pacific Lines.
o f which application will be made to the New York Stock
Exchange at the proper time. Temporary receipts will be is
DATED OCTOBER 15, 1895.
sued in exchange for securities deposited until the engraved
Certificates shall be ready,
L oois F i t z g e r a l d ,
G h a u n c e y M. D e p e w ,
Protectives Committees already organized in tbs interests
of the holders of either of the classes of bonds embraced in
J a c o b H . Sc h i f f ,
M a r v in H d o b it t ,
the Plan are invited to confer and co-operate with this Com
T . J e f f e r s o n C o o l i d g e , J r ., O l i v e r A m e s , 2 n d ,
mittee in respect to sucli interests.
Committee.
New Y ork October 15, 1895.
W in s l o w S. P i e r c e , Counsel.
Louis Fitzgerald ,
Chauncey M. D epew ,
J acob H. Schiff ,
Marvin H ughitt,
K u h n , L o e b & Co*, Bankers.
T, J efferson Coolidge, J r ., Oliver A mes, 2d ,
A lvin W . K bech , Secretary.
Committee.
Depositaries:
R e p o rts
a n d
d o cu m e n ts .
The Mercantile Trust Co. o f New York,
Old Colony Trust Co. of Boston.
Bank of Montreal, of London.
r e o r c a x i z .v t i o n
OF THE
1 MON
A m sterdam sche Bank, o f A m s'e rd a m .
P A C IF IC
Deutsche Vereinsbaok, of Frankfort-on-Main.
To the Security Holders o f the Union Pacific Main Lines
Proper, inclusive o f the Kansas Pacific L in e:
The system of the Union Pacific Railway Co. having be
come dismembered, and the holders of the securities of the
branch lines having already taken steps for their own protec
tion, it has become evident that the holders of the various
kinds of bonds secured up->11 the main item of the Union Pa
cific Railway Co., including the Kansas Pacific line, must
combine in order to protect themselves.
The main difficulty in effecting a prompt reorganization of
the Union Pacific Railway Co. proper is in the impractica
bility thus far experienced o f reaching a settlement with the
United States Government, which holds a s cond lien upon
the Union Division from Omsha to a point 5 miles west
of Ogden, 1,08s miles, and on the Kansas Division
from Kansas City (exclusive of the Kansas City, Mis
souri, terminal*} west to the 894th Mile Post in Kansas;
but which has no lien upon that part of the Kansas Pacific
line between the :194th Mile Post and D.-nver, 24) miles, nor
on the Leavenworth Branch, Leavenworth to Lawrence
Junction, 82 miles, nor on theChey mne Division, Dsnver to
Cheyenne, 104 miles. Congress having thus far been unwill
ing to pans any legislation authorizing a s-ttlemmt. it bac jnits imperatively necessary on the part of th >holders of
the First Mortgage Binds, of which part have already ma
tured, and all of which will mature within the next few
years, to combine for an enforcement of their prior lien.
Eminent Counsel have advised that the lien of the First Mort
gage Bonds may be effectively foreclosed; and while it is
very desirable to make a settlement with the United States
Government, and to continue efforts in this direction, fur
ther delay on the part of the First Mortgage Bondholders in
protecting themselves by securing their legal rights would be
likely to become dangerous and to resul t in loss.
The undersigned have been asked by large interests to
formulate and proceed with a reorganization which shall at
once secure to the holder* of the First Mortgage and oth er
Bonds requiring consideration in reorganization a full return
in new securities of the successor Company with fixed chirges
based upon the lowest results from th •operation o f the main
line, anr the Kansas Pacific and Denver Pacific lin ?a, which
have been obtained during the times of the greatest depres
sion. A plan is submitted herewith to the consideration of
the security holders which, it is believed, fully carries this
purpose into effect, and at the same time secures to First
Mortgage Bondholders the payment of the matured and ma
turing interest until it shall become practicable to carry out
the reorganization. Should this end, contrary to expectation,
not be attained, the bond*, which holders are requested to
deposit without delay, will be returned without expense.
Prompt action on the part of bondholders in uniting being
imperative, the time during which deposits can be made has
been limited to December 31st, 1895, after which date no
bond* will be admitted, unless otherwise determined, except
upon the payment at a penalty of five per cent.
Stockh oloers must likewise deposit their share certificates,
properlyrendarscd, prior to December 81st, 1895. but will not
lie requted to pay any part of the assessment of $15 a share
until the same is called for hereafter by the Committee after
the Plan shall hive been declared operative. Upon stock ded ented after December 81st. 1895, the assessment will be at
the rate of f20 a share, unless otherwise determined, $5 of
which shall be payable at the time of the deposit as a penalty.
In ease the reorganiza ion is abandoned without having
been declared operative, holders of receipts will receive back
the shares to which they are entitled, without expense to
them, on surrender of their receipts, properly endorsed, at the
Depositaries which issued them.
R A IL W A Y
CO M PANY.
STATEMENT.
Mileage.
The main lines of the Union Pacific Ry. Co. are as follows :
Hulun DlvIsloR—Council Bluffs to a point 5 m iles west o f
Ogden......................................................................................... 1,048-01 m iles.
Kansas Division—Kansas City to D en ver............ ............ 643-55
“
Leavenworth Brandi—Lawrence to L eavenw orth...........
31-93 "
Cheyenne Division—Denver to Cheyenne.......................... 10 P 1 0 "
Total main line m ileage................................................... 1,827-59
“
Lands.
The outstanding land and town lot contracts o i December
8Ut, 1894, were as follows :
UNION DIVISION.......................................................... $2,727,480 27
K ansas P acific and D enver P acific D ivisions ..........
3,435,271 28
T o t a l ..................................................................................... $6,162,751 55
It is believed that a considerable amount of these contracts
will, as a result of the recent industrial depression, be can
celed, in which event the figures in the following table hould
be correspondingly increased.
The acreage and estimated value of unsold Land Grant
lands, excluding those under contract, on December 31, 1891,
were as follows :
D ivision .
Acres.
Etl'ed Value.
Union....................................................................... 3,345,000
$3,187,000
Kiui-.ii* Tactile and D enver P aollle.,............... 3,179,000
10,201,500
T o ta l................................................................ 6,524,000
$13,358,500
Funded Debt {Oct. 1, 1895) :
U nion D ivision :
Union P a d tie Plnst M ortgage 6s . $27,229,000, due Jan.. 1,
: 1896-1 899
April 1, 1889
Land Grant 7*........
7,000,
*'
Sinking Fund 8s___ 3.730.000,
Sept, 1, 1899
A pril 1, 1896
“
Omaha Bridge 8 s ___
509,000,
“
Omaha Bridge Re
Oct. I , 1915
newal 5 * ................
1.056.000,
■? f C ollateral Trust 6s. 3.626.000,
July 1, 1908
I)ee. 1, 1907
“ .- ic 1 Collateral Trust 5s. 4.677.000,
Nov. 1, 1918
“ 2 S I Collateral Trust 1*2* 2.030.000,
•• g o - ; Equipment T r u s t
1.119.000,
“ S i
5 s ...................- .............
1890 to 1900
S-H i Collateral T r u s t
Aug. 1, 1394
% I Notes 6 s................
8,610,000,
$52,622,000
K ansas P a c ific
B ran ch .
and
C iik t e n x k D ivisions
and
L eavenw orth
K a - torn Division 6 s .................................. $2,240,000, duo
Mldrtlft Division 6 * ...................................
4,063,000, "
D r . - , Extension 6 s ..............................
5,887,000, “
Kansas Pacific Consolidated 6 s ............ 11,724,000, “
KAftsaS Pacific Incom e 7 s .............
263,700, "
“
“
subordinated 7s
4,011,650, “
Kansas Division and Collateral 5 s .......
5,000,000, "
D enver Pacific First M ortgage 7 s .........
975,000, "
Leavenworth Branch Firat Mtge. 7a..
600,000, “
Aug.
June
May
May
July
July
M ay
M ay
Jan.
1, 1895
1, 1896
1, 1899
1, 1919
1, 1918
1, 1016
1 ,1 9 2 1
1 ,1 8 9 9
1, 1896
$34,764,350
'I
ndebtedness
to
the
G
overnm ent:
F or P rin cip al............................................. $33,539,512, due Nov. 1, 1895
to Jan. 1, 1899
For interest (approxim ately, after
dednoting estim ated value of the
Sinking Fund)................. .
19,500,000
$53,039,512
T otal F dnded D e b t ..................................................... $140,425,862
Capital Stock.
The capital stock o f the Union Paoiflo Railway Company
outstanding is . .........................................................................$00,888,500
* N o t e , The lien o f the Governm ent for the security o f tills debt Is a
second lien subordinate to the lien o f the First M ortgage bonds on the
Union Division, and o f the Eastern and Middle Division bonds on 394
miles o f the Kansas Division. The proportions o f the Principal of the
debt ($33,539,512) applicable to tbo Union and Kansas Divisions, re
spectively. are as follow s:
Union Division debt to the G overnm ent................................ $27,236,512
Kansas Division "
“
“
................................
0,303,000
706
THE CHRONICLE.
Fixed Charges.
|V o l .
LXL
INTEREST AND DIVIDENDS.
The interest on the debt to the United States (Principal
$03,539,512) has been an accumulating obligation, diminished
only by application of withheld compensation for Govern
ment service and by Sinking Fund receipts. The accumu
lated interest, now aggregating, after all deductions, more
than 819,000,000, will mature, it is claimed, with the maturity
of the principal of the debt which now impends.
In the following table, which states the fixed charges of the
Union Pac. Ry. Co. (proper) for each of the five years from 1890
to 1894, inclusive, the following liabilities are not included :
1. The excess of interest on the debt to the Givernmsnt over
the percentage of net earnings applicable to it under the
Thurman and other Acts.*
2. Interest on bonds held in main line mortgage Ti-uits under
conversion provisions.
3. The obligations under guaranties, determined by the deficit
in the operations of auxiliary lines, to meet interest or pro
vide the traffic receipts guaranteed by the Union Pacific.
Fixed charges or deductions from net earnings :
Annual Interest on the maximum issue o f $100,000,000
Four Per Cent, Bonds under follow in g p la n .............. ............ $4,000,000
Annual Four Per Coni Dividend on the maximum issue o f
$7o,000,000 Preferred S tock...................................................... 3,000,000
Interest and D ividends on Preferred S tock.........................$7,000,000
A verage Surplus over Interest and Full D ividends on’ Pre
ferred S tock.................................................................................... $563,669
T O T E : The lowest net earnings realized by the Union Pacific Hallway
were those o f the year fSoe, when they were. $/,7 / 5,077-25, or $ 7/ 5,077-25
in excess o f interest on the maximum amount o f bonds as proposed m the
follow ing Plan.
P L W
^ It is proposed, thr/ugh such foreclosure proceedings as the
Committee shall cause to be institut'd or shall adopt, or
through such other m j ans as the Committee shall determine,
that a n-w company shall succeed to(or that the present com
pany reorganiz'd upon the basis of indebtedness fixed in this
plan shall retain) the main lines a- d lands covered by the
mortgages included in the plan,
The New Company shall issue the following
Interest
Sinking
Government
Total
on bonds.
Funds.
requirements.
Charges.
1890
$4,013,097 85
$705,458 75 $1,041,153 43
$0,359,710 03
New Securities:
1891
4,782,230 29
708,332 50
1.278,488 82
6,769,051 01
1892
5,371.587 40
705,172 50
1,338,014 37
7,414,804 27 F ir s t M o r t g a g e R a i l w a y a n d L a n d G r a n t
F i f t y Y e a r F o u r P e r c e n t G o ld B o n d s ...... $ 1 0 0 ,0 0 0 ,0 0 0
1893
4,902,594 03
666,182 50
1,203,303 73
6,772,080 26
F o u r p e r c e n t p r e f e r r e d s t o c k .............................
7 5 , 0 0 ',0 0 0
1894
4,767,613 81
677,685 00
1,2 49,0 614 6
6,694,360 27
C
o
......i
o n S t o c k ............................................................... 6 1 ,0 0 0 ,0 0 0
A verage charges as above fo r five y e a rs.......................... $6,802,001 28
N ew Bo n d s:
Earnings.
The following table shows the gross and not earnings result
ing from the operation of the Union Pacific Main Lines (ex
clusive of the Company’s income from other sources) for each
of the 10 years from 1885 to 1894, inclusive.
Tear.
Gross Earnings.
1885 ............................................. $17,455,031 51
18 86
................................... 17,806,132 59
1887
................................... 19,546,088 62
1888
................................... 19,898,816 93
1889
................................... 19,775,555 84
1890 .................„ ........................... 20,438,208 36
18 91 .................i ........................... 19,687,738 48
1892
................................... 20,361,401 66
................................... 17,376,792 11
18 93
1894
................................... 14,739,4 36 76
A verage net earnings fo r ten years..............
Net Earnings, Tares
Deducted.
$8,404,076 31
7,522,707 02
9,111,886 85
8,119,468 16
8,286,679 63
7,274,759 06
7,846,451 70
8,550,268 22
6,204,716 81
4,315,077 25
.......... $7,563,669.10
General Considerations.
1. The mortgage debt for which provision is made in the
following Plan for Reorganization is exclusive of main-line
bonds h- Id iu Trusts or Sinking Funds under Mortgages in
cluded in the proposed reorganization, the issues being reduced
to that extent for reorganization purposes.
The bonds thus available under new plan without the neces
sity for provision in new securities are as follows-.
Omaha Bridge R enew al 5% Bonds (held by the R ece iv e rs!.. $322,000
Eastern Division bonds (held in D en ver Ex. Sinking Fund)
304,000
M iddle D ivision bonds (held in D enver Ex. sin king Fund)
385, 00
D en ver E xtension bonds (held in Denver E x. Sinking Fund) 1,781,000
Kansas Pacific Consols, (held in Kansas Pacific Further Se
curity Trust and by the R eceivers)..........................................
120,000
Kansas Pacific Incom e 7s, unsubordinated (held in Kansas
Pacific Consolidated M ortgage T ru st)......................................
252,300
Kansas Pacific Incom e 7s, subordinated (held in Kansas
Pacific Consolidated M ortgage T ru st)..................................... 3,988,550
D enver Pacific First M ortgage 7s (held in Kansas P acifio
Consolidated M ortgage T ru st)................................
971,000
L eavenw orth Branch F irst M ortgage 7s (held in Kansas P a
cific Consolidated M ortgage T rust)...........................................
585,000
2. Nor does the reorganization include provision for the
Collateral Trust obligations of The Union Pacific Railwav
Company. The securities embraced in these Trusts are largely
those of companies which have already, by orders o f court
made in the original general receivership cau-e or in inde
pendent foreclo.-ure proceedings, lost in part or in whole their
character as portions of what has been distinctively known as
the Union Pacific System. Independent reorganizations of
many of these properties are pending. The purposes which
brought into existence guaranties of the obligations of many
of these auxiliary companies have been acomplished by con
struction and otherwise, and considerations will not exi3t
under reorganization for continued relations with these pmoerties upon the basis of an assumption of any of their fixed
charges. Geographical conditions and considerations of mu
tual adv ntage point to a continued operation of such of these
auxiliary properties as have had a demonstrab d value, in
harmon y with that of the r< organized company, and relief
from th e lu 'den of these guaranties will, it is believed, be an
advan age obtained without detrimentto the /ari ing capacity
of the property.
3. The total charges for the prosperous year of 1392 (includ
ing interest on fixed bonds, mortgage sinking funds, Givernment deductions and requirements, and other charges made
up in large part of guaranty obligations), aggregated the sum
of $ I 881,475*44; o ra sum greater by ?881,475-44 than an
amo'i nt necessaiy to pay the annual interest on the maximum
Mo r’gage Debt and full dividend o i the maximum issue of
p r eferred Stock contemplated in the followiug plan of leorgan'zation :
fibe maximum interest and dividend r*quirements under
th Plan applied to the average annual net earnings of the
pa3t 10 years show these resul's :
The new bonds shall be dated January 1, 1897, and shall
hear interest from that date payable on the first days of each
January and July thereafter until maturity. They shall be
secured by a First Mortgage lien upon all the main line mile
age of The Union Pacific Railway Company, upon the equip
ment acquired by the new company and upon the unsold
lands and the land contracts embraced in the trusts of the
Union Pacific Land Grant and Sinking Fund Mortgages, the
Denver Extension First Mortgage, the Kansas Pacific Consol
idated First Mortgage and the Denver Pacific First Mortgage,
and upon such branch lines of railway as the Committee shall
avail of through the ownership of branch line bonds in the
trust of the Kansas Pacific Consolidated First Mortgage.
New P referred Stock :
The new pref/rred stock shall be entitled to Four per cent
non-cumulative dividends, payable out of the net or surplus
earnings of the Reorganiz'd Company before the payment of
any dividend on the Common Slock,
The following will be the
DISTRIBUTION OF NEW COMPANY’S SECURITIES.
New 4% 50Year Gold
Bonds.
%
Amount.
For
1.
2.
3.
4.
5
For
1.
2.
3.
4.
Union Division D ebt:
$
Union Pacific IstM . 6 s. 100 27.229,000
Land <4rant7s.......... ..
Sinking Fund 8s .......... 100 3.730.000
Omalia Bridge 8s ........ 100
508.000
Do do Renewals, 5s 100
734.000
Kansas Division D ebt:
Eastern Division 6s___ 100 1.936.000
Middle Division 6s ....... 100 3.678.000
Denver Extern 1st bs.. 100 4.106.000
Consol. 1st Mort. 6s..
80 9,283,200
t Do. do D e n te d int.
5. Inc. 7s (imsiibordin’tdj *80
**8,880
6
Do (subordinated). 80
16,44 0
7. Leavenworth Br’eli 7s. 80
12,000
8. Denver Pacific 1st 7 s.. 80
3,200
9. Kansas Div. and Collat
eral M ortgage 5 s.......
For Ass ssment on Common
Stork.....................................
In Exchange fo r Com. Stock
o f Union Pac fie Ra Iway
Co. on w lfch Assessment is
Paid Under the Plan..........
F or Compensat on to Reor
gan-zat on Syndicate and
B ankers: .. . ........................
Total Defined Issues f o r Reorganiza(ion Purposes___
51,244,720
Neu P referred New Com
Stock.
mon Stock
%
Amount.
$
50 13,614,500
50
50
25
1.865.000
254.000
183,500
50
50
50
50
25
50
50
50
50
968.000
1.839.000
2.053.000
5.802.000
2.901.000
5,550
10,275
7,500
2,000
50
2.500.000
100
9,130,275
Amount. I
$
60,868,500'
6,000,000
47,135,600 60,868,500
R served, to D 'sposeof Equip
ment Obhgat ons and f o r
Reorganizat on and CorBalance R served f o r Scttl'm nt o f the Debt to the
Umted Stat'S and f o r Extraord •nary Iteg in rements
13,000,000
7,000,000
35,755,280
20,864,400
131,500
The Onion Trust Company, o f New York, Trustee under tne Land
Grant M ortgage, lias funds in band with which to pay the $7,000 out
standing bonds.
t Should a greater or less amount o interest than that here estimated
be in default on these bonds at the date from which the new bonds
be 'I' interest, the provision in Preferred .Stock w ill be varied accord
ingly so as to equal in am ount such defaulted interest. Interest re
ceived 'y the Comm ittee on deposited liouds of this class w ill be
accounted for to the holders of corresp on d in g Certificates o f Deposit.
Cash Provisions fo r First Mortgage Bonds.
Through arrangements made with ilia Syndicate hereafter
mentioned, the follow ing cash provisions are made in respect
to defaulted and future iuterest on pivs"nt outstanding First
Mortgage bonds of the Uni 111 Pacific and Kansas Pacific Rail
NET EARNINGS.
way Companies, as shown in detail below.
A verage Net E arnings o f Union Paolflo Railw ay (proper)
fo r 10 years, 1885, to 1894, in clu sive...................................... $7,563, 669
F i r s t . The coupons now in default upon present F irst.
Mortgage bonds are to be purchased in cash for account of tlieSyndicate at the time of the deposit with the Commiitee o f
^ . ^ ’S ^ T h e amiual interest charge accum ulating on tliis debt
$-,012 ,370 /2 , less the deductions above explained.
the bonds to which they pertain,
THE CHROJSJLCLE
O ctober 19, 1895.]
7'J7
S e c o n d Coupons maturing on deposited First Mortgage
bonds in the interval between the deposit thereof under the
plan and the date from which bonds of the new company are
to bear interest (January ls\ 1897), are to be purchased by the
Syndicate from the Coinmitee, which in turn shall apply the
amounts so received, at the respective due dates of the
coupons, to the pay mmt of corresponding instalments on its
outstanding certificates applicable to such deposited bonds.
T h i r d At ihe time o f th e issue o f the new Four Per Cent
bonds the difference between the interest at their rate and at
the rate of the present First Mortgage bonds fi. e., the rate
difference of 2 per cent) shall be adjusted, in cash covering
the pen Is between January 1st, 1897, and the respective
dabs o f th e maturity o f th e present bonds. The proportion
o f th e c u r r e n t semi-annual interest instalments which shall
h a v e a c c r u e d on January 1st, 1897, on such of said bonds as
d o n o t bea r January c o u p o n s shall be likewise provided for
in cash at th e time o f th e delivery o f the new bonds.
to the Syndicate, or such other course shall be taken in re'
spect thereto as shall be determined by the Committee and
i he Bankers to effectively and conveniently carry out this
feature of the plan, and as will secure to the Syndicate all
lights of the bondholders in and to the coupons and interest
claims so purchased and in and to the lien and right of en
forcement of the lien thereof.
Such steps shall be taken in respect to all purchased cou
pons and interest assignments as will secure a valid claim for
cumulative interest in favor of the Reorganization Syndicate.
The light is reserved on behalf of the Committee, with the
assent of the Bankers, to call for an increase of the amount
required to be advanced by the Syndicate to $15,000,000.
The Syndicate is to advance a sum not exceeding $100,000
for expenses re payable with six per cent interest after the
plan shall have been declared operative.
All advances made by the Sy ndica e shall be re-payable to
it in gold.
T lie B o n d s t o w h ic h th e fo r e g o in g c a s h p ro v is io n s a p p ly
Six Million Dollars of preferred stock are to b * turned over
and the e x t e n t o f th e C a s h R e q u ir e m e n t s to m eet these as compensation to the Syndicate, of which the Bankers are
lo retain One Million as their own compensation.
provisions, are th u s s h o w n .
Union Pacific First 6s:
1 imitations o f Time.
( D u e in in s t a i 3 i e n t s J a n u a r y 1. 1 8 9 6 , t o J a n c a r y
1 , 1 8 9 9 . IN C L U SIV E .)
efaulted r o t P o s e , , f .J a n u a r y t a m t J u l y 1 , 1 8 9 5 ......... . . > t 0 3 3 . 7 4 0
nterest maturing
m teu ey
p la n ,
and
,4 5 0 ,6 1 0
c l u d l u g J a n u a r y 1 , 1 * 9 7 ........................... ............................
A w
stm ent
IN T ERE ST a * b e t w e e n r a t e s o f o l d a n d n o w
b o n d s — ‘J p e r c e n t p e r
fr o m J a n u a r y 1 ,1 8 9 7 , to
o ld b o n d s
O n $ 1 , 9 2 0 , 0 0 0 la n n U , d u e J u l y 1 , 1 8 9 7 ................................$ 1 9 , 2 0 0
O n - d .99S1. o 0 0 b o n d - , d u e J a n u a r y I , 1 8 9 8 .................... 1 1 0 , 9 * 0
O n $ 8 , 8 3 7 , 0 0 0 b o n d * , d u e J u l y 1 , 1 8 1 * 8 .............................. 2 0 5 . 1 1 0
O n $ 2 , 4 0 0 , 0 0 0 b o n d s , d u e J a n u a r y 1 , 1 8 9 9 ...................... 9 0 , 0 0 0
5 0 0 .2 9 0
D
I
during pa
or
maturity oi
:
of
to
hi-
annum,
Kansas Pacific, Eastern Division, 1st 6s:
(M*TURKU A c o f tT 1ST, 1A05.)
D ktai : ltkd
o f Awe., 1904, and frVt*. and Aug., 1905
IsrtR K vr m aturing daring iwudeney o f plan to J a n .l, 1897
201,600
100,400
Kansas Pacific, Middle Division, First 6s:
iD u t J une 1 st , 1896.)
D e fa u l t e d c o c h »n* o f l o n « i *t and JEtecealwr l*t, 1*94,
and J line I d , 1895 ............... ......................... ..................
I jitkhj -r maturing dtsritijf {Hudewcy o f plan to J a it. 1,1897
JSantm Pacific, Denver Attention, First 6s :
{DDK M a t 1st,
D e fa u l t e d court*** o f M »y 1st and Novendwr 1st, 1894,
and M is ! ,r .:**! .\da - d l - : 1st, 1*95.
...
,
....
Irm ;#L*r ' u a t u r i NU dm in v fa mb : ■yu f pint! to J iOl 1,1897
A iu t-T M E -T o r in t e r *.*r >* t,<•(»(■<•« mt.-« i*f old and
new bond*- two
cent fr**iu January 1st, 1897, to
m aturity o f old b o n d ,
...............................................
365,670
385,985
i
706.440
412,090
274,727
T o ta l.............. ......................................................................... $7,121,552
In nil , a -c s w h e re th e fur* g o in g p r o v is io n s a p p ly to s e m i
a n n u a l inter* si ii stslm * nt* n ot r< pr* - r*l>d b y c o u p o n s te-cause
o f th e p *ior m a tu r ity o f th e p r ir c ip a l o f th e b o n d s , the S y n d i
c a t e w ilt ta k e a s s ig n m e n ts o f s u c h in te re st in s ta lm e n ts fr o m
h o ld t r s p re s e n t!' g th e ir b *pd» f o r d e p o s it , o r fr-x n the C o m
m itte e as t o e u i h b o n d s a s sh a ll h a v e b * e n d e p o s it e d , a n d w ill
h o ld arid tre a t s u ch a e -ig n m e n ts in tb*- m a n n e r h e re in a fter
p r o v id e d w ith re sp e ct t o c o u p o n s tak en u p b y th e S y n d ic a te .
.-Jssessmmt.
T h e c o m m o n s t o c k o f tiie pres nt C o m p a n y w ill b e n.sessed
a t th e r a te o f $15 p er sh are.
S h a r e h o ld e r * p a y in g th e »*■« w m e n t o ' #17 p er sh a re w ill
r r c t i v e th e a m o u n t o f th e a*-***»ineiit (v i* ., $15 per sh are) in
n e w p r e fe rr e d , t c k at p s r , an d w ill a ls o r * c iv e par o f th eir
pr*s» n t c o i r m o * slo- k in c o m m o n s t o c k o f th e n e w c o m pm y .
S tu n t-h o ld . is w h o d o n ot p a y th e ir a s 'e s s m e m s a* c o lle d
w ill fo r fe it lh * ir righ t*. T h e s to c k 8s*e*8tnent w ill o e u n d er
w r it t e n b e fo r e th e p*an i* d e c la r e d o p e r * t iv e .
T h e p r o c e e d s o f th e assew unedt Shalt Ire a p p lic a b le to th e
ca sh r* q u irem en t® o f this p lan a s h e re in p r o v id e d , a n d to
s u c h r e q u ir e m e n t* as sh a ll b e H ie d a n d d e ie r m in e d b y the
*C on*m iU »e, in c lu d in g su ch e x p e n s e s an d c h a r g e s os it sh all
m a k e or i r c u r in th e p re m ise s, a n d su ita b le c o m p e n s a tio n to
th e m e m b e r s o f th e C o m m itte e .
T h e a m o u n t o f th is ss.i-ssm e n t sh a ll be p a y a b le at s u ch
tim e s a r d lo s u ch in s la ln n n t s as th e C o m m it te e sh a ll d e
t e r m in e o f i v r th e pi *n has b e a n d e c l i r e i l o p e r a tiv e , but n ot
m o r e than $5 p er sh a re sh a ll be c a lle d in a n y consecutive
t h ir t y d i y a
Jicorga nizafion Syndicate.
A R e o g s n i i a t i o n S y n d ic a t e has b e e n o r g a n i/. d u n d e r the
rron a gem en t o f
K u h n . L * e b & C r n p tn y . B a n k e rs , to
f u r i ish th e ?u n o f $10,000,000 l e f t e f o llo w in g p u rposes :
1. T o p tite b a s e all th e in te re st c o u p o n s o n First M o rtg a g e
b o n d s n o w in d e fa u lt.
2. T o p u rch a se as th e y sh a ll m a tu r e b e t e a ft -r th e int* r*st
coup**iis uU F irst M o rtg a g e b o n d s a n d a ls o th e s-m ii-annu al
a s s ig n m e n ts o f in t -r * s o a c c r u in g o n b o n d * a lr e a d y m a tu red
d u r in g th e p n d e n c y o f th e P i » o a n d u n til it sn ail b e c o m e
o p e ra tiv e .
3. T** p u r ch a se , i f it sh a d be fo u n d a d v is a b le fo r the p r o
m o tio n o f the r e o 'g s i i ’ Z l io n , a n y o u s ta n d in g F irs t M o rtg a g e
b o n d s an d O tnafta B r id g e h o o d s a n d t o d e p o sit the sa m e u n
d e r this i*lon ; am t, if t sh a ll be to u n d a d v is a b le , to p u r ch a se
a ll o r any d e fa u lte d o r fu tu r e m a tu r in g c o u p o n s o r in terest
a s s ig n m e n ts o n O m a h a B r id g e b o n d s
C o u p o n * an d in te r* st a s s ig n m e n ts p u rch a se d fo r a c c o u n t o f
tb** j*ty n d *cal*’ sh a ll h<- d e p o site d in T h e M* r c a n t d e Trust C o m fm t t j o f N e w Y o r k ,w h i c h shall issue its c e rtific a te s fo r th e s a m e
Fo r D e c l a r i n g P l a n O p e r a t i v e :
The time for d-elaring this plan operative is to be limited
to December 31st, 1S9G, with the right on the pare of the
Committee to ext-nd the time for six months--namely, to
June 3 Hh, 1897. Notice that the plan is operative shall be
given by publication through each of the Depositaries here
inafter mentioned.
For D eposit of Securities :
The time for the deposit of bonds receivable under this plan
and of the shares of stock of the present company is limited
to December 31st, 1805, after which date no bonds will ne ad
mitted * xcept upon the pivment of a penalty of 5 per cent.
Upon shares of stock deposited after the time above limited
(December 31%t, 1895). the assessment will be at the rate of
$20 a share. After the expiration of the limit of time the
penalty of $5 a share will be payable at the time of deposit,
and will not be refunded.
D posits may be made ou and after November 1st, 1895.
The Committee reserves the right at any time to alter the
l*enalties above specified or decline to receive further deposits
of bonds or stock.
Should it in the opinion of the Committee appear desirable
to make any substantial alterations in the for going plan, it
shall rn*k publication of such propose I alterations for at
least twenty dava, during which tim- the securi'y holders
not approving of the proposed alterations, shall be permitted
to surrender their cer ificates of deposit and withdraw their
-fcurilies upon r* funding with six per cent interest the
amounts advanced in purchase of the coupons a id interest
assignments on their respective bonds.
Securities receivable on deposit under this Plan.
will be received under this
plan at either of the Dt*p isitarles hereinafter mentioned :
T h e following svccritibs
BONDS.
X. u n io n
2. U nion
3. U * o s
4 u n io n
P acific R ail r o a d Oo m u a n v ' s F ir - t Md r t o ao e B onds .
1‘ a c ih * It aii. k o ad Co m c a s t ’* S in k in g F u n d M ort . B o n d s .
P aci jc R a il r o a d Co . ' s o m g ia B k. 8 r. o. Mor t . Bonds .
P acific R a il r o a d Co.'* O m aha 8 8 . BESSW ai, B onds .
r, T H E U n i o n P a c B y . C o . , K a s - a - ! > i v , , a n d n o t . ' . M o r t . B o n d s .
*i. i K a S n a s p a c . ) U n i o n P a * ' . , E a s t e r n U i y . , F i r s t M o r t , B o n d s .
7 . I K .ss.A* U a i ) U nion P a c .. M i d d l e U i v . . F i r s t M o r i -. B o n d * .
s. K
an*
* P acii ’O R a i l w a v D e n v e r E x t . F ir - t Mo r t . B onds .
1* K a n s a n P a i I F I
R A I L AAA X ( IoN* *t 1.1 D A T E D F I R S T M O R T U AO L B O N D S .
1 0 . K a n s a s P A C I F I C B a U.AV a Y I N C O M E B O N D S .
1 1 . L ba v k n a a ' o r t h B r a n c h B o n d *.
12. JJtsv
n
P acific Bailor at
and
T* i. eghatii F irst M ort
B onds .
A ls o :
STOCK.
13. The CERTiriCATBs.oF^SrocK ut* tub present Company
Depositaries.
THE MERCANTILE TRUST CO. OF NEW YORK.
OLD COLONY TRUST CO.. Aif Boston.
BANK OF MONTREAL of Lmdon.
AMS l ERDAMSCUE BANK, of Amuerdam.
DEUTSCHE VEREIN8BANK, of Frankfort-on-Main.
Bonds ami shares may be deposited by the holders thereof
in * i-her of the above named Depoaitari », wh t shall issue their
own r egoti ible certificates. After the plan has become oper
ative, the Committee may order the transmiasi *n of securiii*-s deposited in any one of the Depositaries into the keeping
Ilf The M u anti'e Trust Co. of New York, who shall consti
tute the Central D* p sitary, and who shall, thereupon, issue
its own engraved certificates for the previously-issued certifi
cates of the branch or auxiliary Depositaries.
U-dil tie plan shall have been declared operative, deposit
ors of bonds in either of the Depositaries m *y apply to have
their bonds transferred lo any other D posifary upon pay
ment of the expense th -reof, and shall be entitled to the ceriiticates of the last Depositary uoon th* surrender of the
certificates previously issued to such depositors.
Holders of securities who shall have deposited th same in
a y one of the foreign auxiliary Depositaries shall, where
-DCb securities have had the foreign G ivemment stamp at
tached, be entitled to receive the new securities like*A ise with
i he foreign 0 >v* rnraent stamp.
For further particulars and powers of the Committee De
positors are referred to the agreement of which this plan is a
part.
THE CHRONICLE.
708
RIO
GRANDE WESTERN
RAILWAY
fVoL. LXI.
Coal (bituminous and anthracite, with coke and charcoal)
CO. furni-bed
as heretofore the principal traffic, 297,000 tons, and
rose to nearly 44 per cent of the whole tonnage, against 41
last year, and to 30% per cent of the total freight earnings,
which is about the same as last year.
The increase over 1894 was 36,461 tons (or 14 per cent) and
$43,880 in Earnings (or nearly 10 per cent).
Colorado Springs, Col ., September 23d, 1895.
Ores, on the other hand, fell off 22,370 tons (21 per cent) and
To the Stockholders o f the Rio Orande Western Railway ore earnings $18,620 (10 6-10 per cent). But from the mines
Company:
on our own Road the decline was but 10,442 tons, while the
The Gross Earnings w ere.......................................$2,189,691 00
revenue was practically the same as last year.
Net Earnings from Traffic......................................
713,147 00
ANNUAL REPORT FOR THE YEAR ENDING JUNE
80, 1895.
Net Earnings after adding $18,655 Interest
received on Leased Line' Securities.............
F IX E D
$792,102 00
C H A R G E S.
751,841 00
$24,160 00
p a r a t iv e
S h ip m
ents
$40,261 00
473 00
23,687 00
A nd the am ount to credit o f P rofit and Loss, or Surplus,
June 30th, 1895, w as................................................................ $63,948 00
of
B
Tears.
1891.
T on n a g e................ 339,375
R even u e................ $721,669
Texes, Insurance, Rentals and Interest
amounted t o .........................
$747,409 51
Other item s.................................................................
4,431 22
Surplus Earnings lo r the y e a r..........................
A dd the surplus o f June 30th, 1894................
Less amounts charged against the same dur
ing the year........................................................
Com
Co
a l
,
u l l io n
1892.
328,224
$731,034
Co
k e
,
Ch
arcoal
,
O
re
and
.
1893.
1894.
1895.
417,957
377,098 390,298
$777,939 $667,345 $686,338
These are the particular staples that were expected to be
seriously affectfd by the collapse of silver mining. It will be
seen that compared with the fiscal year ending June, 1893,
the falling off has been about 12 per cent. It is equivalent,
however, to but a fraction over 5 per cent of the gross freight
earr ings of our heaviest year.
This list exhibits a gain of 13.200 tons and $19,000 in earn
ings as compared with the previous year.
At the rate stamp and other mills for the reduction of pre
cious ores are being put up along our line in Utah, how
ever the tonnage shipped may be affected, there is but little
doubt that the bullion yhld, the number of employed men,
and the demand for railroad transportation (due to the in
creased output of low-grade ores for concentration, the larger
requirements of coal, salt, machinery aDd supplies generally,
and the greater general ac'ivity of the mining camps), will
come up to what they were before the panic, at least during
the coming year, if they have not already reached that level
this summer. As an evidence of the progress in this
direction, it may be noted that the coal shipped over our
principal mining branch, “ The Tintic Range Railway,”
showed an increase of 131 per cent over the previous year,
and of 109 per cent in earnings from coal carried.
The Auditor’s traffic table discloses some further facts
worthy of mention here.
The Gross Earnings show an increase over the previous
year of 888,373, or 4’2l per cent.
The Operating Expenses an increase of $69,230, or 5’03 per
cent.
The Net Earnings from traffic an increase of $19,142, or 2 64
per cent. And the Surplus Income for the year an increase of
$30,911, or 830 per cent.
As pointed out in the Report of the General Manager, Col.
Dodge, about 92 per cent of the above increase in Operating
Expenses was for the maintenance of Roadway, Structures and
Equipment. The physical condition of all these has been kept
at our usual high standard and is certainly not inferior to that
of any road between the Missouri and the Pacific,
The “ Debs” Strike on our connecting lines to the eastward
and westward occurred in the first month of the fiscal year,
and in the opinion of Col. Dodge impaired our Gross Earn
F r u it (and V egetables.)
ings to the extent of $64,000. As the lessened cost from re
Tears.
1890.
1891.
1892.
1893.
1894.
1895.
8,767
20,965
24,284
49,302
67,921
duced train service was not appreciable by reason of the strike T onn age.... 2,200
R
evenue....$10,110
$34,359
$72,244
$76,723
$130,261
$167,781
expenses, he considers the net loss as fully equal to the gross, so
that the Company’s Surplus Earnings for the year would have
Gain in tonnage in five years, nearly 30 fold.
been over $100,000, but for this interference.
Gain in revenue in five years, 16 fold.
All of the General Expenses and those of Maintenance,
It will be seen that this business, now ranking next to coal
and many of those directly pertaining to Transportation, had, and ores in order of tonnage, continues to show its customary
however, to be kept up. in the language of the General Su heavy gains—the increase over last year being 38 per cent in
perintendent, “ The work of the Roadway Department was tonnage and 28 per cent in earnings.
practically suspended in July, and the section men were en
It was predicted in the last annual report that an increase
gaged in patrolling track and watching bridges.”
in the “ purchasing power” of Utah farmers might be mani
Of paying Freight, we hauled 678,539 tons, a larger quantity fest in the coming year, and the results show that, despite
by 11,000 tons than ever before, and 43,000 tons, or 6 8 per cent, the inveterate “ economy” of the Mormon population when
more than the previous year. It was also hauled an average times are hard, they have taken by our line, merchandise,
distance of 173 miles, against 164 miles last year. So that the agricultural implements, wagons and carriages to an extent
tons hauled one mile show an increase of 12 per cent.
that yielded 25 per cent more than the previous year. This
The gain in freight earnings was $151,422, or 10'36 per cent. result is but 13 per cent short of the year ending June, 1893.
The average earnings per ton were slightly larger than last Neither in “ household goods and furniturb” nor in “ wine,
year, to w it : $2 38 against $2 30, but the average per ton per liquors and beer,” however, was there any increase, and
mile was the lowest ever experienced, having been 1'383 cents these continue to yield 30 per cent less revenue than in 1893.
against l -405 cents in 1894, a decline of about 1% per cent,
The crops in Utah this season are understood to be again
which is due mainly to the carriage of a larger proportionate very good—better, perhaps, even than last year. Marked at
quantity of trans-Continental and other low-priced freight.
tention is being given to new irrigating projects in diverse
While there was an increase varying from 7 to 12 per cent parts of the Territory, and much new land is being, or is
in all three classes of freight earnings—“ Local,” “ Into and evidently soon to be brought “ under water.”
Out of Utah” and “ Through” (comprising trans-Continental
Although building has not re-commenced in Salt Lake and
and Colorado-California), about half the total gain is due to the other towns, the business outlook for the Territory dur
local freight, which increased 11% per cent.
ing the coming fiscal year is altogether encouraging, includ
Of Passengers there were carried 319,813, an increase of 2 94 ing the prospect of what, as a beginning, may be considered
per cent over the previous year. But as this was the resultant a very respectable yield from recently-opened gold mines.
of a decline of 48 per cent in through passengers and a gain
Live Stock has become a leading component of our traffic,
of 23 per cent in local passengers, the average distance traveled and promises continued growth from year to year.
shows a marked decrease, being 99 miles, against 143 miles last
The same is more or less true of Wool.
year—a falling off of 30 per cent. The average fare received
From Grain the revenue increased 50 per cent, but is still
was $2 02 against $2 44 last year. The average rate per passen considerably short of the best year, 1891.
ger permile, however, whichlastyear was but 1'72cents—prob
Lumber and Wood gave us 43 per cent more earnings, and
ably the lowest average o f any railway in the United States or Bar and Sheet Metals 81 per cent more than the previous
elsewhere—rose this year to 2-04 cents, attributable to the year.
larger relative proportion of local travel.
The Beet Sugar works at Lehi gave us an increased revenue
In fact, the local passengers constituted about eight-tenths of 56 per cent. This is one of the six mills as yet existing in
of the whole, and contributed over 45 per cent of the total the United States, and has demonstrated the adaptability of
passenger earnings. This shows a gain over the previous year the soil and climate of Utah to the profitable production of
of 28 per cent in local passengers and 17 per cent in the earn beet sugar. The managers of the Lehi Works anticipate a
ings from that source, which, while still behind the years considerably increased crop of beets this season over the last.
1892 or 1893, are about equal to those of 1891.
About 3,500 acres of land are given to the cultivation, and
On the other hand through passengers fell off nearly one- the average product is estimated to be 10 per cent more per
half—and the revenue from them declined $103,812, or 39% acre this season than last. As the result of their oper
per cent. There was also a slight decline in the passenger ations seems to improve with every year’s experi
business “ Into and Out of Utah ” —about 9 per cent in num ence, 177 lbs. of granulated sugar per ton of 2,000 lbs. beets
ber and 5 per cent in revenue.
are expected. Last year it was 167 lbs. A further yearly
The number of passengers carried one mile decreased 8,528,- increase in the saccharine yield is anticipated until it reaches
720, or 28 per cent. It is evident, therefore, that the falling 10 per cent. The farmers appear to be well satisfied with the
off in total Passenger Earnings for the year, which reached results from beet culture, and it is to be hoped the capacity of
$78,945, or over 15 per cent, is due to conditions originating the works may be increased by their enterprising owners.
or existing outside of our line, more or less Continental in
From the Auditor’s analysis (on pages 54 and 55 of pamphlet
their character, and from which our local territory was ex report) of the returns from the “ Tintic Range” and “ Sevier”
empted.
branches, including business contributed thereby to the main
The Local Earnings of all kinds, freight and passenger, |line, it will be seen that the Company is found to be $99,073
show an increase of $120,000, a gain of 12% per cent.
better ' off for the year by reason of the operation of the
October 19, 1*95.]
THE CHRONICLE.
“ Tiatic R ange,” and $42,733 better off from the “ Sevier”
line (net in both cases), tnan if these branches had not existed.
A s rt gards the " Tintic R an g e.” this is a gain in net revenue
of 22 per cent over last year and is equivalent to 5 per cent
on the First Mortgage Bonds o f the Tintic R ange Railw ay
w ith over 6 per cent on its preferred stock (or to nearly 4 per
cent upon the $2,500,000 com m on stock of the Rio Grande
W estern Railway Com pany issued to pay for these securities).
A s regards the “ Sevier” branch, it shows a net gain of 88 per
cent over last year, and is equivalent to 5 per cent on the
First Mortgage Bonds of the Sevier Com pany besides 4 per
cent on its preferred stock (or to 12*£ per cent upon the Rio
Grande W estern preferred stock issued to acquire those secu
rities). In each case the com puta'ion ignores any traffic that
m ight have com e into the form er termini by c a n s , had the
respective branches not been built— w hich, in the case of the
Tintic line, at least, would have been niL
A ll of the Bonds and Shares o f both branches are held by
this C om pany, to whose whole total net earnings they have
contributed about one-fifth.
The W ork in g Expenses for the year were 06 per cent o f the
gross earnings, the largest since 1890. But such figures are of
course as a comparison not o f the least value in w eighing
questions o f real railroad econom y. In the present ca se
nearly the whole increase over the previous year w as e x
pended in m aintaining the rolling stock, track, bridges and
buildings; “ Conducting Transportation,” as pointed out by
Col. Dodge, having increased but little over 2 per cent,
although the train mileage run was 4-8 per cent greater and
there were 12 per cent more gross tons hauled one mile.
From the Geueral Superintendent’s yearly letter it appears,
am on g other very complete data, that no passenger was killed
or injured during the year ; that three deaths of employees
occurred from other causes than their ow n default, or some
cause for w hich the Com pany or its employees were not re
sponsible ; that the water and coaling stations are now prob
ably in better condition than at any tim e in the p a s t; that the
whole cost o f repairing “ w ashou ts” for the year was w ith
in $500 j that the claim s and payments for live-stock killed
were each less than half those of the previous year ; and 3,300
care of gravel, slag, cinders, e tc ., were hauled and distributed
as ballast for the track, yards and station grounds.
More cross-ties will have to be replaced the com ing year
than last, but on the other hand the rolling stock has b e e n put
In such condition that com paratively little need b e e x p e n d e d
on its m aintenance, while the outlays on track, biidges an d
buildings, as a whole, should be about the sam e as last year.
A n y expansion o f gross earning*, therefore, due to improved
trade and general activity throughout the country, especially
in travel, will be largely a net gain to the C om pan y, should
the rates not decline ; and as these have already been forced
dow n partly by competition but chiefly by the hard times lo
such extrem ely low figures, a further reduction Is not reason
ably to be expected.
There was charged to Canital A ccount du rin g the year for
addition* to the property, chiefly for additional buildings, the
sunt o f $50,187, besides an am ount expended in betterments
on the Tintic Branch, $ 4 ,4 5 0 ; total, $>4,587. The items are
set forth in detail in the A u ditor’s Report on pages 34 and 85
o f the pamphlet report.
The M a i am ount expended on Capital A ccou n t, in excess
o f any provision to meet the same through issue o f securities,
ia $269,805.
No Bonds or Stocks have been issued during the year.
Neither has there been any alteration in the
709
a short line, simple in its structure and finances, with an
experienced working staff who have it well in hand. It occu
pies a singularly strong position as a link in the trans-Contin
ental chain of communication, and is the throat for the Salt
Lake aDd Pacific Coast traffic of numerous trunk lines.
It occupies not only the most central route across the Rocky
Mountains, but the most attractive one for travelers, and one
which we believe to be the strongest in local resources—ad
vantages permanent in their character and likely to gain in
weight from year to year.
Its leading traffic is coal—of superior quality—whose tonage has increased nearly 80 per cent since the year 1890, and
as it is the only coal on this zone for nearly 1,000 miles from
j Colorado to the Pacific Coast, it seems likely to go on increas|ing with the development of Utah and of the vast mineralized
basin west of it.
Our local business (freight and passenger combined) has
reached the level of 1892—even surpassing it in tonnage,
and exceeds, both as regards earnings and tonnage, the
results of any year save the one immediately preceding the
panic ; is witbin 7 per cent of even that maximum, and now
produces over 48 per cent of the total earnings—the largest
proportion since the gauge was widenei.
It is chiefly traffic originating or terminating outside of our
line that still lags behind, and when the conditions which
1hamper that trade and travel and the general internal com
merce of the Continent are recovered from, we may hope for
much larger profits, remembering that the normal condition
I of all the Far West.is one of rapid growth, and that it is our
|especial business to supply and furnish a market for a vast
j siction. which includes wbat are now the most growing parts
of the United States.
A consideration of these general facts may give encourage
ment to Stockholders, who have been for two years without
dividends, and inspire them with the confidence felt by the
Directors that, with the tide of prosperity which appears to
be rising over the country, it cannot be long before they will
be rewarded for their patience and again be permitted to eDjoy
an income from their investment.
By order of the Board of Directors,
WM. J. PALMER.
President.
|(See comparative tables of earnings, balance sheet, etc., oa
a preceding page.]
BUFFALO
R O C H ES T E R & P I T T S B U R G H
RAILWAY CO MPANY.
ANNUAL REPORT FOR THE YEAR
80, 1895.
ENDING JUNE
The Board of Directors of the Buffalo Rochester & Pitts
burgh Railway Company submits to the stockholders the fol
lowing report for the year ending June 30, 1895 :
$3,066,440 4 0
Gr('-s Earning* ................................................................. .
Against last year........................................................................ 2,819,825 17
An Increase of 8*75 per cent, o r ......................................
$240,615 23
Operating E xpense*..................................................................$2,172,428 20
Against last year................................... ............................ ..
2,050,485 13
An Increase o f 5*95 per cent, o r .......................................
$121,993 07
RESERVE
w hich stands as follow s :
An nmhnriratlon for a further Issue o f Preferred Stock,
junoanting lo ............ ............ .. ...................................................SI.280,000
A n d in the Treasury of the Com pany :
First M ortgage Bonds, m uklngnp the total authorised Issue,
which Is limited to $16,000,000 (against which the re
quired m ileage o f railway line has already been com pleted)
800,000
F ire* M ortgage Bauds o f other R ailw ay Companies (their
entire Issues) .......... .........................................— ...............
1,951.000
A lso Preferred Stock o f other Railway Companies
(thetr entire Issues' .......... .................................
$780,100
Common Stock o f other Railw ay Companies (their
entire Issue*)..................................... ........................1,170,600
And 10.000 shares o f the Western Express Oom p on y 's Stock
(the entire issue), on which dividend* averaging four per
cent are assured by a lease for live years from July 1,1893. 1,000,000
The entire condition o f the line, physical a i d financial, ia
now quite healthy, and the outlook is in every w ay promts
ing. The earnings for the first three months of the new fiscal
year* show already a gain in gross of $114,000. or 20 p ercen t,
and in net of $86,000, or 47 per cent, over the first quarter of
the previous year,
I Vet Earnings..............................................................................
Against last year................................ ......................................
$894,012 20
709,390 04
An Increase o f 10*20 per cent, o r ....................................
$124,622 16
Net Incom e....... ..........................................................................
Extraordinary expenses and im provem ents......................
$81,800 87
39,131 83
GEN ERAL CONSIDERATIONS.
T o sum up w hat m ay be gathered from the foregoing Re
port, together with some characteristic general features of
the property, it m ay be said in conclusion that it is in e x c e l
lent physical condition, better in fact than ever before, not
w ithstanding the stress o f the past tw o years, which baa
strewn the wrecks of great enterprises on all sides of it. It
has earned during that period about 140,000 more th a n its
fixed charges, kept every engagem ent and com e through
w ithout any fixating debt, and with a Treasury Reserve in
which is included over 12,750,000 first m ortgage bonds an d
$1,000,000 in dividend-paying stock.
It ia not a great system , but w h at in these days iB considered
Profit............................................................................................
Against a loss lost year..... .....................................................
$42,669 04
79,026 59
'E stim atin g Septem ber.
Cost o f operating, including $39,131 83 extraordinary
expenses and Improvements, and exeludlng$39,224 78
miscellaneous receipts......................................................... 73*03 per oent
Against last year...................................................................... 74*83 per oent
From the Net Earnings............................................................ $894,012 20
Are to be deducted :
' Interest on funded d ebt.....................................$598,270 84
; Interest on floating d ebt..................................
31,252 49
\ Rochester A Pittsburgh Coal & Iron Co.—
R en ta l o f 5 0 0 . '-
1 6 ,2 0 0 0 0
New York Lake Erie A Western RR. Co.—
Rental o f tra ck .....................................................
37,260 00
Clearfield A Mahoning Uy. Co.—Rental o f
tra ck........................................................................
71,500 00
T axes...................
59,728 00
812,211 33
Although the business depression noted in the last report
continued throughout the greater portion of the year, the in
creased tonnage moved caused an increase in both the gross
and net earnings.
No strikes or suspensions of mining occurred during the year.
The rate received per ton per mile is the lowest ever ob
tained, being 4 flfi-100 mills, as against 5 87-100 mills last year
—a reduction of 71-100 mills.
The cost per ton per mile was reduced in nearly the same
ratio, being 3 22 100 mills, as against 3 81-100 mills last year—
a reduction of 59-100 mills. Notwithstanding that the oper
ating expenses were charged with an unusual amount of im-
710
L'HE CHRONICLE.
provements, including ten freight locomotives condemned
and intended for scrap, which were thoroughly rebuilt by the
Brooks Locomotive Works, at a cost of $48,688 77, and 47J^
miles of main track ballasted with gravel, cinders and stone”
etc., etc.—a reduction was made possible in the cost per ton
per mile by the benefits accruing from the better physical
condition of the property.
TRAFFIC .
CLEARFIELD & MAHONING R A ILW A Y .
The following amounts have been advanced to this line for
needed improvements:
Now station at Clearfield, P a ...................................................... $1,301 49
W eiglim m tcr’ s building at R ockton, P a ....................................
1,141 83
Land and land dam ages.................................................................
5,473 25
Sidings and yard exten sions........................................................
9,w03 29
H og i/ick siding—3 miles lo n g ....................................................... 34,385 56
T o t a l....... -................................................................................... $52,205 42
The tonnage moved was as follows :
Bitum inous C oal.................................................................. 2,535,008
L ast y e a r.................................. ............................................ 1,894,595
A n increase o f 33-S0 p er cent, o r .............................
Colre.......................................................................................
L ast y ear................................................................................
259,425
177,149
A n increase o f 46-44 per oent, o r ...............................
Other freight.........................................................................
L ast y e a r................................................................................
960,513
910,988
640,413
A n increase o f 25-89 per cent, o r ...............................
82,276
772,214
The bituminous coal tonnage for this year was the largest in
the history of the company.
The coke tonnage shows an improvement over the preceding
year, growing better every month with the revival of the iron
trade.
In oilier freight all the items increasid, excepting Silt, Ice
and Anthracite Culm —these three showing a loss of 68,875
tons.
The passenger traffic was as follows :
742,702
771,128
A decrease o f 3-69 per cent, o r ..................................
In last year $44,478 63 was advanced, making a grand total
to date of $96,684 05 due to the Buffalo Rochester & Pitts
burgh Railway Company.
ROCHESTER & PITTSBURGH COAL & IRON CO.
A n increase o f 5-44 per cent, o r ................................
49,525
Grand total ton n a ge......................................................... 3,754,946
L ast y ear................................................................................ 2,982,732
Passengers carried...............................................................
Last year................................................................................
fV o L . L X I.
28,426
This may be wholly attributed to the World’s Fair business
included in tbe previous year,
R OA D OPERATED.
1895.
Miles.
M ain lin«> ow n ed..........................
24009
Branches ow n ed ...........................
14*13
Three- proprietary roads............ .
30-93
One road leased............................
25 87
T rackage rights...........................
24-76
1894.
Miles. Increase.
240-09
14-13
30-93
25-87
24-76
Length o f road operated............
Sidings...........................................
. 335-78
121-42
335-78
112-49
8-93
Total miles o f track operated...
T otal miles laid with steel rails
457-20
425-20
448-27
413-27
8-93
11-93
The length of road operattd remains the same as last year.
The sidiDgs were increised 7 94 per cent, or 8-98 miles, mak
ing the ratio of sidings to road operated at present time 36-16
per cent, as against 33-50 per cent last year.
CONSTRUCTION.
The following amounts have been charged to this account
Three new iron bridges—tstli c o s t................................................ $2,722
N ew coaling station, Bradford, I’ a ............................................... 9,671
N ew coaling station, D ubois, P a ..................................................
1,825
A dditions to shops, m achinery, e tc ..............................................
8,451
R e-laying track with heavy steel rails......................................... 16,663
Sidings and track extensions........................................................ 18,621
L a n d and land dam ages..................................................................
2,277
•Sundry m iscellaneous item s............................................... l ’319 20
00
64
91
75
78
59
28
T o ta l.............................................................................................. $61,553 15
New coaling stations at Bradford, Pa., and DuBoie, Pa.,
are both completed and now in use, lessening the cost of
operation at these important terminal points.
During the year 25T mil s of main track were relaid with
standard steel rails, weighing 80 lbs. to the yard—making a
total mileage of 105 6 milts,or 31-45 percent, of the total road
mileage, now equipped with heavy rail.
Sidings were increased 8 93 miles.
In addition to the above improvements, 29 25 miles of new
wire fencing were built, and charged to extraordinary ex
pense and improvement account.
EQUIPMENT.
There was expended for new rolling stock as follows :
T w o locom otiv es....................................................... $19,970 00
Tw o hundred freight ears....................................... 95,858 68
E ight C om pany’s service c a r s .........: ..................
3,537 00
A ir brakes and other betterm ents........................ 22,719 00
---------------- $142,084 68
The operation of the Rochester & Pittsburgh Coal & Iron
Company for the fiscal year, after deducting $62,333 33 bonds
-hat matur. d aDd were paid off out of the net earnings,
shows a profit of $24,289 22; sufficient to cover the deficit of
$17,471 27 at the beginning of the year and give a surplus on
June 30, 1895, per their general balance sheet, of $6,817 95.
The extensive improvements, designed to lessen the cost of
producing coal, in progress for some time past, will be com
pleted during the ensuing year, and better results will neces
sarily follow.
Liberal expenditures upon the rolling slock and roadway
have continued, aDd the physical condition of your property
is greatly improved.
The Bo rd desires to express its thanks to the officers of the
company for the efficient services rendered by them.
Statements and statistics of the operations for the year are
submitted herewith.
By order of the Board.
ARTHUR G. YATES,
President.
[See comparative tables of earnings and balance sheet, etc.,
for four years on a preceding page.]
Tennessee Midland Rlt.—Fo eclosure Sale.—This road is
reported to have been sold this week by the receiver for
$1,000,000, the upset price. The only bidder was the St. Louis
Trust Company, trustee of the first mortgage.—V. 61, p. 69.
Union Pacific Denver & Gulf Ry. —New Committee.—At
the request of the owners of about one-fourth of the out
standing bonds of ihe Denver Texas & Gulf and of the Den
ver Texas & Fort Worth Railroad companies, the New York
Security & Trust Comp-my invites holders of these bonds to
send their Dames, addresses and the amount of their hold
ings to it, with a view to the formation of an independent
protective committee.—Y. 60, p. 928.
Union Pacific. R y.—Kansas Pacific R li.—Soldiers' Home
Suit—Committees -Judge Beach, of the Supreme Court, has
filed an order discontinuing the action in the suit brought by
the Soldiers and Orphans’ Home of St. Louis against Russell
Sage and other executors of the Jay Gould estate.
The Dutcher Kansas Pacific committee has issued a circular
to depositors of consolidated bonds of the company announcing
its retirement. The committee has effected an agreement
whereby such holders can exchange receipts for the trans
ferable certificates of tbe Tappen Committee, on presenting
the first mentioned at the Meriantile Trust Company, with
out expense. The Tappen Kmsas Pacific cossoli iated first
mortgage bondhcilders’ committee announces that holders of
receipts of the Continental Trust Company who desire to de
posit their bonds with this comini tee may do so before Nov.
1 without expense, on presenting their receipts at the Mercan
tile Trust Companv. See advertisement in another column,
V. 61, p. 663.
United States Express.—Dividend Passed.—A circular ex
plains that it has b en decided to pay no dividend, although
the business of the company in the last year shows a consid
erable increase over that of the preceding year. The direc
tors are unanimous in the opinion that the permanent inter
ests of the shareholders will be best subserved by the accumuladon of an increased surplus.—V. 60, p. 393.
—“ Railways and Their Employees,” by O. D. Ashley, Pres
ident of the Wabash Railroad, is a discussion of labor organ
izations, co-operative methods, profit-sharing and socialistic
The account was credited for equipment,
theories. It is a practical and interesting treatise on a subject
wrecked and destroyed, charged to operat
of vital consequence to all railway men, and indeed to all
ing expenses .
who are interested in economic questions. The book is pub
lished by the “ Railway Age,” Chicago; price, oue dollar.
•One baggage ca r........................................................ $ 1 ,800 00
E ighty-tw o freight cars........................................... 32,813 33
—The issue of Oct. 15 of The Evening Wisconsin is a sou
S ixteen C om pany's service ears...........................
7,179 50
---------------41,792 83 venir number commemora'ive of tbe fiftieth anniversary of
the city of Milwaukee. The history of the city is told on
M aking a net increase o f ..................................
$100,291 85
many pages appropriately and handsomely illustrated.
Of the above equipment the eight company’s service cars
—Broadway & Seventh Ave. 1st mortgage 5 per cent bonds,
were built at tbe company’s shops.
due in 1904. Messrs. Wood & Havemeyer, Mills Building,
offer a limited amount of these bonds for sale.
BONDED DEBT.
$141,000 00 car tius bonds matured and were paid off. A
— Messrs. R. L. Dry & Co , Brston, will sell at auction on
new series No. 12 was authorized for $237,500 00, and $80,- Wednesday, Oct. 30, 5,849 shares of A rxerican Bill Tele
000 00 issued, making a nei decrease of $6l,UU0 00 in outstand phone Compauy stock.
ing car trust bonds.
—Mrssrs. Redmond, Kerr & Co. adverti-e a line of highA payment of $8,000 00 was made on the rtal es'ate mort
giade investment securities, to which attention is directed.
gages.
The net result is a decrease of $69,000 00 in the total bonded
—A line of inves'ment bonds is offered in our advertising
debt cf the Company,
columns by M<ssrs. Charles T, Wing & Co.
THE CHRONICLE
October 19, 1395. |
X 'h e
C o m m e r c ia l
C O M M E R C I A L
C O T T O N .
X J im e s .
F r i d a y N i g h t , October IS, 1895
T h e M o v e m e n t o f t h e C r o p , as indicated b y our telegrams
E P I T O M E .
18.1895.
The movement of general merchandise continues in encour
aging form. Buyers are unwilling to make liberal individual
investments, but the number of customers seeking supplies is
large and a varied assortment of goods ca*led for. Specula
tors in staple commodities have found greatest attraction in
wheat and cotton, the- latter in particular showing animation.
Iron ar d metals are quiet on new orders, but mills at d fac
tories generally busily engaged in execution of previouslybooked contracts. There is a noticeable increase of foreign
demand for manufactured specialties. Export demand for
grain has shown only fair average volume, but considerable
flour has been purchased to go abroad on through shipment
from interior market. The output of flour at the Western
mills was of unusually liberal proportions.
The amount of business transacted in lard on the spot has
been small, and mice* have further declined, closing easy at
tie. for prime Western. 5 6oc. for prime City and ti'lOc for refintd for the Continent. There baa been no trading in the
local tuatket for lard futures, and nominal prices were quoted
lower in response to weaker advices from the West, and
under heavy receipts of swine at primary points, closing easy,
oiiLT cnoanro pricks or u s d futcrks.
F r id a y N ig h t . O ctob er
H ut
M an.
T u /*
W ed
J h ttr s ,
711
AV,
October......................0. 6*u7 6-15
612
6-05 6 00
5 97
Pork has been in alow request but prices have been unchangtd and fteady, closing at $0 75q»f 10 25 f r tness, SI l 50
@$!2 for family and $U 50(a$13 for ahort clear. Cutmtais have been in ligh’ request and prices have weakened
slightly, closing at Bi'gtai' jr-. for ptckhd bellies, 12 it 10 lbs.
average, 6 (4 g 5 k c. tor pickled shoulders and 9@91^c. for
pickled bums. B ef has been moderately active ami firm,
closing at .$7 5 ‘#§8 for mess, $9 50<3$9 forpacket, $!('<*( 18 for
family and
for extra Imlis mem. Beef hams have
been steady, closing at #
5 25. Tallow has been quiet
and prices have weakened siigt.lly, closing at 4^(44 5 16c.
Oieo S'earine has been fim er, closing at titsc. Lard steartne
has declined, closing at 65j die. Cotton seed oil hag been
firmly held, closing at 28c. tor prime yellow and 23i4 '424c. for
new crop prime crude. Butter has been in fair demand at
steady prices, closing at 14023c, for creamery. Cheese has
been fairly active and withTnui'ed supplies priors have fur
ther advanced, closing at 7(4IO|^c. for State factory, lull
cream. Pre»b egg* have advanced, but the close was dull
and <a«y at 19140'-,k-. for choice Western.
Ct ffee sscurrd somewhat irregular attention, but on the
whole the movement was m* re liberal in both jobbing and
roasting qualities, with fairly well—ustained ra e». Rio quoted
*t Ific. for No. 7, good Cucuta 18?4'c. and standard quality
Java 27(327*^0. Speculation ha* been moderate and ut cer
tain, the market closing lower, owing to a full crop move
ment in Brazil,
The following were the final askiog price*:
Oct-....... ....... 1540a. i J»n............. .14*75*. April ............ U 3r<J.
Woe................ 15*15c. Keb .............. U 65c. May ............... 1415c.
D oc....................1A 95c.
M arch................1-t‘SOe. June ................. 14 -C0c.
R aw sugars foundless demand, with tone of market easier,
but importers have ordered several arrivirg parcels in st* re
rather than allow concesrion on cost. Centrifugal quoted nt
3'**c. for 96 degree* test. Reflnr d sugars dull and prices redm-*d; granulated quoted at C jc , without rebate.
Kentucky toliacco had a limbed call and prices were steady;
sales 200 hhds. Sr* d leaf tobacco ha* sold fairly well and
ch**ice grades brought full values; sal*** for the week were
2,*36 cases, as follow s; 500 cases 1894 crop. New England
Havana, 154r20c.; 200 cas*s 1894 crop. New England seed leaf,
1712 22<s ; 250 cares 1898 crop. New England Havana. 6>4(4
SJjC ; 73 rases 1892 crop. New England H ivana, 30@40c ; 2'K)
cases 1892 crop, Pent *y Ivania Havana. lO^fSpUc.; iOi c *“**>•
1892 crop, Pennsylvania Havana. Iltrf 12 - : 200 rases 1801
crop, Zimmer's, I I 1jd ri2h.c ; 150 casts 1393 crop. Zimmer's,
H
t* tj c . ; iOO cases 1891-2 Crop, Oebbari's, 9/fifiic ; 150
eases 1893 cri p, Wisconsin Havana, 6fg8}^c.; 125 eases 1892
crop, Wi*con»tD Havana, ll@lv4£e.; 176can** 1894 crop,State
Havana, 8 *i3r : 250 case- 1894 crop, P* nnsylvania Havana,
1004 5c.. and ikOcase* 1894 crop. Pennsylvania seed. Ilia 13c ;
also 1,250 t«al*s Havana, 69r.,rt^ft 05, and 200 bales Sumatra,
4Qc.'i S3 75 in bond.
The speculative dealings in the market for Strait* tin have
been qui-t, and prices have declined in response to weaker
foreign advices, cl* sing quiet at 14 55: Ingot copper has sold
»Io* It . and price* have further declined, closing dull at 11*00
®M3c. for Lake. Lend ha* also weakened a trill*, and the
close was quiet at 3'37?j<o3*40c. for dom*stic. Spelter has deit the close was st»ady at 4 10(94*t5c, for domestic.
Pig iroo has lieen fairly active and firm,closing at $12@14 50
for domestic.
Ri fle d petroleum has 1**>*n fairly active, closing at 7'10c.
in tbt»,, 4 60c in bulk and 7*50c in cases; crude in bbls. has
been nominal; naphtha unchanged at 8 25c. Crude cert ill
cates have been quiet, closing at f l 24>j a*ked. S.iirits tur
p»ntine baa been steady, closing at 2 8 * 2 * ^ ' *. Rosins have
advanced, owing to scarcity, closing at $1 53 >*$1 60. Wool
has le*eft in fair demand for foreign grades and firm. Hops
have been freely offered and prices have been weak.
from the South to-night, is given below. For the week endir g
this evening the total receipts have reached 280,659 bales,
against 274,433 bales last week and 217,679 bales the previous
week, making the total receipts since the 1st of Sept., 1895,
1,074,383 bales, against 1,431,611 bales for the same period of
1894, showing a decrease since Sep.l, 1895, of 357,228 bales.
Receipts at—
Sat.
Mon.
Tues.
Wed.
Thurt.
Fri.
Total.
G alveston ........
6,898 14,379 4,678 7,739 7,473 4,763
Velasco, A c ___
......
......
......
3,148
New Orleans.. 17.034 16,022 26,899 10,192 12,297 10 ,3(9
M obile............... 1,701 3,172
699 4,050 1,378 1,616
......
F lorid a .............. . . . . . .
£0
......
........
S iv a n n a li......... 10,669 9,072 9.895 6,9 41 7 ,l l 5
5,776
.....
Brnnsw’ k.&o.
......
......
......
7,924
C harleston____ 3,957 5,799 1,769
1,853 3,656 1,775
8,994
Pt. R oyal, &o. . . . . . .
.....
......
W ilm ington___
1,696 3,838
1,167 2,983 1.548 3,822
tVash’ ton, Ac. . . . . . .
__ ....
37
......
....
6*4 3,550 2,191 2,002 2,699 2,123
N orfolk.............
1,249 1,397 2,979
West P oin t...
95 1,262 1,604
..........
683
N’p ort N., Ac.
......
......
......
......
3< 0
330
700
B >ston___ . . . .
553
110
401
333
403
420
348
167
Philadelphia Ae
232
50
524
177
337
45,980
3,148
92,813
12,649
80
49,498
7,921
16,708
8,594
15,256
37
1 3 .2 ,9
8,585
633
1,350
2 ,2 :0
348
l ,5 o 7
Tot’la this week 44,576 57.612 51.445 37,101 3 *t,445 53,480l280 659
The following shows the week s total receipts, the total since
SeDt. 1. 1895. and the stock to-night, compared with last vear.
Receipts to
Oct. 18.
1895.
This Since Sep
Week. 1, 1895.
Stock.
1894.
TKit Since Sep.
Week. 1 ,1 8 9 4 .
1895
1894.
351,548
9,789
428.165
58,252
1.164
256,930
25,142
105,5*5
13,595
65,343
114
61.960
17,912
7.947
473
56
10 854
8,442
97.903
2,600
250,933
21,891
173 985
176
187,779
18,151
102.578
10,995
57,14«
112.533
9 ,(0 7
68,* 86
28,139
18,027
22.601
7,593
647
160 293
5,060
10 017
6,518
21,761
7,083
1, 92
83,2 O
5,200
18,739
7,608
Totals.____ 280.e5s 1.074,3-3 3 8 1 .131 1,»31.«11
786 951
734,097
G a lv eston ...
Velasco, A c.
New Orleans
M obile.*.......
45,950
3,118
92,* 13
12,619
S avan n ah ...
Br’ wlok.Ai
C harleston..
P. Royal, &e.
Wilmington..
Wasn'n, Ac
49.498
7.924
16,768
8,594
15,256
37
13 219
8, 85
683
1,350
2 ,2 .0
348
1,537
We*t Potn'
N’p 't S ., Ao
New York
B altim ore...
I’ hlladeL.Ac.
234,607 92,642
7,713
2,618
313.111 121,806
43,855 12.770
2,006
1,314
213,697 56.723
19.889
8,264
9 4 ,“ 39 22,091
8,67 S 12,827
54,183 14,333
23
112
41,867 21,405
21.412
7,521
1,894
1,193
2.100
353
4,7 2
3.792
1,393
7,938
4,036
In order that comparison may be made with other years, we
give below the total- at leading ports for six seasons.
fUeexptsat—
1895.
Galves'n.Ae
New Orleans
M ob ile........
Savannah..
CbaPton.Ac
W11m'ton, Ac
Norfolk . . . .
W. PoInt.Ae
All others ..
49,128
95,290
92.813 121,806
1 7,770
12,644
49.193
56,72 i
25,302
31.918
15,.93,
14,350
13,249
21,405
9 ,2 6 1!
9,OU
13,459
17.849
Tot. this wk.
2 «0 659
| 1894.
384,131
1893.
1892.
1891.
1890.
60,536
82.568
9,388
56,725
29,195
12,302
20.556
9,213
0,<Q6
62.223
66,840
8.757
56,017
20,161
12,935
16,262
1 6 /8 1
1 0 .9 .0
82,778
106,831'
16.6611
74,454’
3 “ ,222
O.OOij
35.613,
18,08Si
17,776
57,040
80,795
14,426
63,084
19,864
11,£95
30,272
17,143
12,532
286,780
270,733
3:0,121] 313,451
Since * e p M li.74,383l 1431.611 1117,001 1127,953117 92,8 91 1754,279
The exports for the week ending this evening reach a tola)
of 168,702 bales, of which 103,740 were to Great Britain, 3,111
to France and 50,831 to the rest of the Continent. Below a* e
the exports for the week and since September 1, 1895.
Reports
from—
Galveston......
Velasco, Ac .. New Orleans..
Mobile A Pen
Savannah — ,
Brunswick......
Charleston*.
Wilmington...
Norfolk..........
West Point....
N’p’t Nows, Ac
New York.....
Boston...........
Baltimore......
PhHadolp'a.Ac
Week Ending (Jet. .8
Exported to—
Oreat
Conti Total
Bril'* Franc• nent. Week
81.34
7,.He
21,7J2
V ic
I«.t5l
10,8»0
:;::14.oC.
8c0
on:
*
T o ta l........ 103,740
M M 45,517
1,828 l,82>
21.712
7,801 7,6c 2
19,507 25,17
.
...
495
From Sept. 1, 1800, to Oct. 18 1805
Export e to—
Great
Conti
Total.
Britair Franc i nenl.
68.3*1 18.61«
(17,746 10,670
6,404
5,610
9.018 27.172
10,El
18,154
0,78. 21.782
880
88
4
43.462
11,200
7,7 2
in
....
....
2.022
8.111 50,86! 162,702 23881 27,221
Total. 1804 ... 64,6W 28,006 103,20 2,0,1X18 315,67'' 80.060
* Including Port Koyal.
15,610
4,888
14.10
7,6* 2
44,173
3,545
27,743
11.125
6*8
07.409
4,388
02,681
13,006
51,763
8,515
45,807
21,971
528
21,213
» 7.507
11,206
18,401
201
8,880
160
160,770 420,812
302.356
700*04
THE CHRONICLE.
712
fV o L . L X I .
In addition to above exports, our telegrams to-night also
T he Sales and P rices of F utures are shown by the
give us the following amounts of cotton on shipboard, not comprehensive table.
oleared, at the ports named. We add similar figures foi
at
►►
a
New York, which are prepared for our special use by Messrs,
00®
*
®
m 92SI
111
m
i
hiP
o
s
E
g
§
3
L
m
Lambert & Barrows, Produce Exchange Building.
So® I ® © ® P> 0S’0 ©® ®® p*
»» ®
T « ® ® p®
3
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■
P at- !“
®£
ON S H IP B O A R D , N O T C L E A R E D — F O R
g ia
ri
*•0
Sv
y. ®
as
Leaving
. 85 C+O
85 e+"
C|§ &
Oct, 18 at—
Slock
Other Coast
Great
p^o
a
IE ?
I
E
?
Total.
France.
;
©
Foreign wise,
Britain.
hj , 00
t-i .
»
.
g
:
m
43
B : i-s
8;. m
9,020
50,581
200,352
5,871 14,637 21,053
: p: i
New O rleans...
®®
a
c*.
a®* i• I|
® ®
'S: I
9,071
34,713
63,190
13,675
4,479
G alveston........
7,488
®*
barw
s; i
N o r fo lk ............
New Y o r k ____
Other p orts___
10,000
None.
3.000
1.001
7,000
20,000
5,000
None.
None.
None.
1,400
None.
25.000
21.000
None.
1,000
5,450
10,000
None.
1,200
None.
8,000
None.
None.
40,<>00
2 >,200
3,000
10.000
13,8 iO
30,000
62,578
34 946
18,641
14,604
146,440
43,809
Total 1 8 9 5 ...
60,546
28,525
87,932
27,291
201,311
584,610
49,082 156,021 17,572
28,080 84,192 15.610
346,623
242,357
38 7,174
508,078
Charleston____
Total 1 8 9 4 ... 123,943
Total 1 8 9 3 ... 114.475
Cjoo
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Speculation in cotton for future delivery at this market has
been liberal and of an exciting character. The old long in
terest appeared disposed to accept profits and realize, but a
new investing element quickly absorbed the offeringsand car
ried prices to highest level of the season, Saturday open, d
with cable advices a trifle better than previously calculated
upon, and fair buying orders com ing in from the Soutli,6 points
gross and 4 points net advance was the iesult of the sessionMonday’s reports from abroad, b oth public and private, were
firmer, which, together with rene wal of poor crop accounts
and reduced estimates of yield, serv ed as a fresh stimulus, ard
about 14 points average advance was made, closing well sus
tained. The same general influences prevailed on Tuesday,
drawing in a very liberal demand and st imulating a further
advance of 22 points, from which there was O D l y slight reaction.
Wednesday’s dealings in certificates were the largest
on record, prices fluctuating sharply and finally closiag at 12
points net decline, Thursday there was a decline during
early ’Change, but towards the close active buying b y “ bulls"
caused a rally and the close was at a net advance of 1 to 4
points. To day the market was active and prices broke
sharply under heavy liquidation, prompted by heavy interior
receipts exclusive of Texas, closiag at a decline of 16 to 17
points for the day.
The total sales for forward delivery for the week are 2,161,900
bales. For immediate delivery the total sales foot up this weel2,151 bales, including ----- for export, 1,751 for consumption
— for speculation and 400 on contract. The following ar
the official quotations for each day of the past weekOctober 12 to Oefober 18.
Rates on and off middling, as established Nov. 22, 189b,
by the Revision Committee, at which grades other thai
middling may be delivered on contract:
F air..................... ............ o. 1H on.
Middling Fair.................... 7e on.
Striot Good M iddling....... % on.
G ood Middling................... t J6 on.
Striot Low M iddling........ 3le oil.
L ow M idd lin g................... b e off.
Striot G ood O rdinary....... is 16 ofl.
©
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18 . ® :
G ood O rdin ary._______ o. 1 % ofl.
Good M iddling T in g e d ...
Even.
Striot M iddling S ta in ed .. 7.)2 oil.
M iddling Stained.............. i . t ofl.
Striot Low Mid. Stained.. aiu, ofl.
L ow M iddling Stained___1% ' ofl.
On this basis the prices for a few of the grades would be as
follows:
UPLANDS.
S at.
M on T u es W ed
T il.
F it
83,6 8%
G ood O rdinary............................ 8
8%
8%
81)8
Low M iddling.......................
8%
8 l5i» 8*0,6 8%
8 n ie 8%
Middling . . . ....... ........................ 9%
93s
91,8 93s
95,8 9%
9*2
G ood M iddling...........................
9 l l le 9 l'l6 95s
99,6
Middling F a ir............................. i T ' 8 101,8 l o t ,
103,6 10%
10%
GULF.
S a t.
M on T u es W ed
G ood Ordinary........................... 8%
8^2
85,6
8%
Low M idd lin g............................. 815lb 9
9-1,6 95.6
M id d lin g ..................................... 9%
95«
97,8 95g
9Uie 9%
G ood M id d lin g .........................
915,6 915.6
M iddling Fair.............................. 10t) 105 6 10%
10%
STAIN ED.
S a t. M o i l T u e s W e d
M iddling......................................
Strict Middling .......................
G ood Middling Tinged............
7h
SHie
829,2
9%
713.6 8
834
g «ie
83%., 95 2
93g
93.6
T il.
Fr
t>
8716 8%
9%
97,6
9 lie 9%
91316
978
1O7,0 10%
®
11
T h , | F r.
1 715.8
8 7e
9532 9 3 .,
93s 1 95.8
8
i>
<
crq 1 t
18:
7%
813,
9%2
9%
SALES O F SPOT AND CONTRACT.
Sat’d a y .
Monday
Tuesday
Wed’day
Tkur'd’y
F rid ay..
Total.
Q u ie t..................
Steady at
ad.
Steady at su ad.
Quiet — ..........
Easy at i , B dee..
Easy at i 16 deo..
E x
port.
....
—
0071- Spec- Con
sump. uVVn tract.
167
403
393
132
373
283
1 ,7 5 1
400
.. . .
11
.. . .
400
Total.
167
803
393
132
373
283
Sales oj
Futures
9 3 ,8 0 0
2 7 1 ,1 0 0
4 5 0 ,8 0 0
5 ^ 7 ,9 0 0
3 9 4 , 4 >0
3 9 3 ,9 9 0
2 ,1 5 1 2 ,1 6 1 ,9 0 0
11
>
>
►
1
e*rat \ 1 i. 1 1 C
T
Q 1 l i. 1 1 1
P 18: P 18; P 18. P 18: P
11
MARKET AND SALES.
The total sales of cotton on the spot and for future delivei y
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 or
same days.
8PO T M A R K E T
CLOSED.
>
>
>
>
11
1 1 cr; 1 1 C1fQ 1 1
1 I ci.
rq
18: P 18: P 18: P 18: P 18: P
111
11
* Includes sales in September, for September, 15,20 .
The following exchanges have been made during the week :
•09
•36
• 27
• 08
•20
•08
•19
pd.
pd.
pd.
pd.
pd.
pd.
pd.
to
to
to
to
to
to
to
exch .
e x o il.
exch .
exch .
exch .
exch .
exch .
300 Nov. fo r Deo.
100 Oot. fo r May.
100 Oct. fo r Moll,
700 Dec. fo r Jan.
400 Oct. for Feb.
200 Jan. for Moll,
500 Jan. fo r May.
•01 pd. to exch. 100 Dec. fo r Jan.
•18 nd. to exch. 500 Jau. fo r May.
*12 pd. to exch. 1,200 Vov. fo r Jan.
*06 pd. to exch. 300 Dec. for Jan.
•Oi pd. to exch. 100 Moll, fo r Apr.
•06 pd. to exch. 100 Nov. fo r Dec.
•03 pd. to exch. 200 Jan. fo r Mch.
The V isible Supply of Cotton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Oct. IS), we add the item of exports from
the United States, including in it the exports of Fridav only.
THE CHRONICLE.
Oc t o b e r 19, 1S95.J
1893.
1392.
1895
1894.
SOd.OOO 1,029,000
Btook at L iverp o o l........ba les. 903,000 708,000
10.000
9,000
8 to c k a i L o n d o n ...,______. . . .
8,000
8,000
T otal Great B ritain stock . 911.000 719.000 816.000 1,038.000
28,000
32.000
10.000
4,800
Stock at H a m b u rg ...................
97.000
57.000
80.000
56,000
Stock at B rem en........................
10.000
8,000
11.000
17.000
Stock at A m sterd am ...............
100
200
200
200
Stock at Rotterdam ............ . . . .
20.000
9.000
8.000
5,000
Stock at A ntw erp.....................
270.000 260.000 305.000 311,000
Stock at Havre.......... ...............
4.000
3.000
5.000
9,000
Stock at Marseilles ............ . . . .
31.000
38.00c
47.000
42,000
Stock at B arcelona................ -.
4.000
20,000
1
'
.000
13,000
Stock at G en oa ........................
29.000
22,000
•23,000
26,000
S tock at T ries te........................
502,200 4*0,100 500,200 484,000
Total Continental stocks.
Total European stocks . . . . 1,413.200 1,156,100 1,316.200 1,522,000
Indiaootton afloat fo r Europe.
38,000
21,000
34,000
42,000
A m er.oott'o afloat for Europe.
30 - .000 502,000
354,000 330,000
Egypt- Bl aall, Ao. ,afl t fo r E’ ripe
49.000
30.000
26,000
37.000
Stock In United States p orts..
786.954 734,097
750 435 809.7*7
Stock In U. 8. interior tow n s..
2 6 8 ,'9 1 231.8 8
227,101 259.990
UnltedStates exports to-day.
27,03 1
2?,261
30,756
25,650
Total risible supply......... 2,891.426 2,704,350 2,738,492 3,086,447
OI tile above, totals of American and otner descriptions are as Io 11oU
American—
L iverpool s to ck ... . . . . . .bates. 794.000 568.000 634.000 875.000
Continental sto ck s................... 425.000 280.000 391.000 335.000
American afloat for E u ro p e ... 309.000 502,000 354.000 330.000
7 -6 .9 * 4 731,097 750,435 869.787
United States stock ............ . . . .
United States In teriorstocas.. 268 191 233.893 227.101 259,1-90
30,758
27.201
27,081
25,650
U nltedStates ex p orts to-aay .
T otal A m erican................. . 2.611,226 2 ,346,250 2,387,292 2,695,427
Bait Indie it. B razil, •tc. —
104,000 140,000 172,000 154,000
Liverpool s t o c k ..................
e.ooo
8,000
10,000
9,000
London s t o c k ---------- ------------ 78,200 160.100 109,200 149,000
Continental stocks..............—
38,000
21,000
34,000
42,000
India afloat for E u r o p e ........
3* ,000
49,000
26,000
37,000
E gypt, Brasil. A c.,a flo a t.........
Total East tndla, A o .......... 280,200 3M*, 100 351,200 391.000
T otal Am erican______ ___ 2.611,226 2.345,256 2,387,292 2,695.427
191,426 2.704,366 2,739.492 3,056.427
Total visible supply...........
43* d.
M iddling Upland, L iverpool..
4 i i l(l<l
3*s 4
4*,a<1.
51’ , c
9 He.
89* c.
M iddling Upland, S ew York..
9>sc.
6 ’ »u d.
E gypt Good Brown. Liverpool
5 d.
SAtfl.
S\d.
6%d.
51' «d.
P erur. Rough Good, Liverpool
54»,. <1.
3%d.
B roach Fine, L iverp ool...........
4 » i,d .
4 V I.
4VL
411,,d.
4 V i.
3*„<L
T lan erellr G ood. L lverpooL ..
£W T h e imports into Continental ports the past week have
been 16,000 bales.
The above figures indicate an inerta*e tn the cotton in sight
to-night o f 1 -7,070 bales as compared with the same dale
o f 1884, an increase o f 132.881 bales over the corresponding
date o f 1893 and a decrease of 193.001 bales from 1892
A T THE I n t e r i o r T o w s * th e m ovem en t— that is the receipis
for the w eek, and since Septem ber 3. the shipm ents for t h e
w e e k and the stocks to-n igh t, and the name item s for the
corresponding period o f 1894— is set ou t in detail below .
713
QUOTATIONS FOR MIDDLING O0TT0N AT OTHER MARKETS,—•
Below we give closing quotations o f m iddling cotton at South
ern and other principal cotton markets for each day o f the w e e k .
C L O S IN G Q U O T A T IO N S F O R M ID D L IN G C O T T O N O N -
Oct. 18
Satur.
M on.
G alveston...
New Orleans
M obile.. ..
Savannah.
Charleston.
Wilmington
Norfolk......
B oston .......
Baltimore.
Philadelphia
A ugu sta.. ..
M em phis..
St. Louis . ..
H ou ston . . .
C incinnati..
L ouisville..
9*8
8 78
9
8%
8R
8*3
8%
8%
9%
9
She
8 iiie
8 l 18
8»4
8I3I3
8 "6
8%
8%
8*9
83s
8%
S=8
9^8
9
9%
8llu
8*16
S4»
813,e
8 7s
8%
WedneM.
Tuet.
Fri.
Thurs.
816,3
9%
813,3
8=8
8%
9
9
9=13
9>*
9*.
8%
8*0,3
9
9
O1^
8 t8
816,6
9*13
9*8
9%
9*,«
8*8
8*8
S78
8 U ,»
8=8
8=8
8U ,„® % 8*1,6®%
8=8
8*6,3
9
9
9
9
8 7a
93s
9=8
y316
94
9*4
9*4
9=8
9=8
9*5 a
834
8% *I3,6
8'3,8
8-0,6
813,3
8i°ie
9
Slt>16
8*6,6
9
91,6
9*16
9*3
9*3
9*8
8=4
34
8*8
The closing quotations to-day (Friday) at other im p o rta n t
Southern markets were as follow s.
8=9 N ew berry....... ■ 811,3
A tla n ta............
8=8 Little R ook___
Colmnbus, Ga.
8% R a leig h ........... . 8*8
8=6 M ontgom ery...
3% Selina.............. . 8%
8V N ash ville.........
Columbus, Miss
Eufaula______
N
atchez........
.
Shreveport___ . 8H ,e
9
8=8
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 . — T he follow in g table
indicates the actual m ovem en t each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are sim p ly a statem ent o f the w ee k ly
m ovement from the plantations o f that part o f the crop w h ich
Inally reaches the m arket through the out ports.
Week
Receipt* at the Portt. St’Jc at Interior Toum*.> Rec'ptsfrom Plant’nt
and in?—
S e p t. 18.
”
20.
“
1893. | 1891.
1895.
IS P S . | 18i>4.
5 3 ,7 0 3
4 7 .5 3 5
8*811
18B=.
MvSSO: * 3 .2 r r .
1893.
1BP4. | 1 8 d 5 .
a s .f t i s
M .8 0 l|
5 4 ,8 2 8
#6.^-*v j 118,^ 17 9 1 ,0 8 0 1-3,556; 6 4 ,5 1 0 3 3 ,7 8 9 1 0 7 731 ia a .2 8 (J 1 1 4 .5 4 4
1(51.188 20&.22S 1 4 9 .1 3 9 1 2 8 .tS S 109,2151 9 0 .5 8 7 1 9 3 120 2 2 9 .9 4 7 1 7 2 ,9 8 7
4 ........ 2 2
2 4 7 / 1 0 2 1 7 .0 7 9 1 5 6 9 6 2 lO l.OOOj 1 1 1 ,7 :8 ;2 3 L 9 6 0 2 5 0 ,2 8 0 2 0 8 ,8 3 0
*rt| ,60« 3 1 8 /1 * 5 3 7 4 .4 8 5 1 8 8 ,7 4 3 1 9 0 .4 0 2 2 0 3 ,7 5 2 2 9 3 ,9 5 9 3 5 7 ,3 0 9 3 3 0 .4 9 9
11.
lfi
2 8 8 ,7 9 0 &H.M 2SO 859* 2 4 7 .1 0 1 2 8 3 .6 9 - 1 2 0 8 ,191 S 2 5 .1 3 7 1 2 7 ,6 2 7 3 4 5 ,0 0 8
27. .
O ct.
•*
**
The above statem ent sh ow s: 1 .— T hat the total receipts from
the plantations since Sept. 1, 1895, are 1,309,814 bales; in
1894 were 1.608,171 bales; in 1893 were 1,267,930 bales.
2.— Tliat although the receipts at the outports the past w eek
were 280.459 bales, the actual m ovem ent from plantations w as
only 34 ,098 bales, the balance going to increase the stocks a t
the interior towns. Las* year the receipts from the plantations
for the week were 427.62i bales and for 1893 they w ere
325,167 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 .—
W e give below a statem ent show ing the overland m o ve m en t
for the week and since Septem ber 1. A s the returns reach us
by telegraph late Friday n igh t it is impossible to enter so
largely into detail as in our regular m onthly report, but all
the principal matters of interest are given .
This w eekly
publication is o f course supplem entary to the more extended
monthly statem ents. The results for the week ending Oct. 18
and since Sept. 1 in the last tw o yearn are as follow s:
1895.
October 19.
Week.
8
b l ipperi—
Via St. L ou !*...— . . . . . . . . . . . . .
Via C a ir o ...... . . . . . . . . . . . . . . . .
Via Parker C ity ...........................
Via E vansville.............................
Via Ix m lsvitle,... . . . . . . . . . . . . . .
Via other routes, «fec—
......
Deduct ahinmenU—
Overland to N. Y., Boston, dec..
Between Interior tow n -.............
Inland, &e., from S o u t h .........
T m «l to be d e d u cted ..............
1
1894
Since
m
Sept. 1 . | Wt* K’
Fine,
Sept. 1
25,992
12,70!
1,710
58,554
24.252
3,309
38,006
13,753
300
4 /7 5
2,385
2,811
8,050
5 .2 .9
7,325
4,348
4,828
3,612
87,526
33,622
550
177
10,562
12,110
9,030
18,174
100,709
61,805
154,480
8,2-11
055
3,123
19,825
2,058
13,269
5,455
2 t 0
1,351
10,403
1,110
0,593j
7,002
24,160[ 12,019
35,152
119,334
© —W—W
-j
V -r V. x V la '-a > .* x
f* X
'S I 33
»& •-* c
» © —*.»»•
e*-3r —
10 00
Inject «
X-
-> C :
u
is
we? !
p m * c - «
-i x * i * —^
* < » * * » « * « * 5 x » t **5
—.XT - « i w x *
Leaving total net overland*..! 41,1121
S2,603| 52,876
• Including m ovem ent by rail to Canada.
The foregoing show s that the w eek’s net overland m o v e m e n t
this year has been 41,112 bales, against 52,876 b a h s f o r the
week in 1894, and that for the s e a s o n to date the aggrt-g a te n e t
overland e x h ib its a decrease from a year ag o o f 36,78 l b a les.
1805.
In Sight and Spinnerif
Takingn.
o-n-B-C©
« r
«*3 <36*>
* 0 9 0 0 0*100 r -_*©*. x * —
5 **«*© » W
'
r. I f v N C <0 w*Cl C * '»V+>rtOi*r.
*» 3»c --I 'C *'
*a 5»’/ it—
— <» “ i - i © — © x 3#»©t4;*|fcN»W0*©CI»M
<3»
® » *o
• LouiavtU* flcttretT **n * t " in t»oth year*.
1 T h l* year** flyur** M H n ia fM
t La*t jc«r‘« flaure-* arc fur i •.*;«1 rt«f*«t,
8. <\
The above totals show that the Interior stocks have increased
during the week 64,439 bales and are now 34,293 bales more
than at asm* period last year. T he receipts at all the towns
have been 32.829 bales lr»s than -a m e week last year and since
Sept. 1 are 210,497 hale? less > an for game tim> in It 94
189*.
8inc>
Sept. l .
Receipts at ports to Oct. 1 8 ......... 280,659 1,074,383 384,131 1,431,611
82,6031 52,870 119,334
Net oveiland to Oct. 18................. 41,112
Southern consumption to Oct. 18. 19,000 131,000 17,000 117,000
0 © MO *•
V! is •»
S -w*V»S9«1»; ia
Week.
|
Since i
.
Sept. 1. 1 Week.
Interior stocka In e x cess..... ........
340,771 1,287,9 “ 6 154,007 1,667,945
64,439 235,491 43,490 176,563
............*497,503
Came into eiftht during week. -105,210
1,523,477
....... 1,844,508
Total in al^nt Oct. 18. -..........
North’ n epinDeretak’ento Oct. 18.
71,755
219,420* 84,565
287,359
It w ill be seen by the above that there has com e into sigh*
during the week 405,210 bales, against 497,503 bales for the
sam e week of 1884, and that the decrease in an --unt in sigh t
10-n ig h t as compared w ith last year is 321,031 bales.
714
THE
CHRONICLE.
W e a t h e r R e p o r t s b y T e l e g r a p h .— Our telegraphic ad
vices this evening indicate that the weather has been dry in
the greater part of the South the past week and the tempera
ture has been higher. As a result picking and marketing
have made rapid progress. Our correspondent at Memphis
states that the Mississippi River at that point is at the lowest
stage on rt cord and that receipts by water have been delayed.
Galveston, Texas.—Reports from all sections of the State
continue unfavorable. Picking is about over in South and
Southeast Texas, and it is claimed that no top crop will be
made. Ir Central anu North Texas about three-quarters of
the crop, it is asserted, has been gathered. We have had a
trace of rain on one day during the week. The thermometer
has ranged from 59 to 81, averaging 70.
Palestine. Texas.—We have had no rain the past week.
Avi rage 1 bermometer 04, highest 86 and lowest 42.
Huntsville, Texas.—W e have bad no rain during the week.
The thermometer has averaged 62, the highest being 86 and
the lowest 38
Dallas, lexas.—Picking is progressing rapidly, and if the
weather continues favorable it will be finished in about three
weeks from now all over North Texas. A few points report
a top growth, but as a rule there will be little or none over
this section. No rain all the week. The thermometer his
averaged 65, ranging from 42 to 88.
San Antonio, Texas,—Cction is about all gathered in thi->
vicinity, and the plant is slated to be dead. The yield is
claimed to be only one-half of last year. It has been dry all
the week The thermometer has ranged from 48 to 86, aver
aging 67.
Luting-. Texas.—There has been no rain during the week.
Average thermometer 67, highest 88 and lowest 46.
Columbia, Texas.—We have had no rain all the week.
The thermometer has averaged 65, the highest being 86 and
the lowest 44.
Cuero, Texas.—The weather has been dry all the week
The thermometer has averaged 66, ranging from 42 to 90.
Branham, Texas.—W e have had no rain during the week.
The thermometer has ranged from 50 to 86, averaging 68.
Belton, Texas.—There has been no rain the past week.
Average then mometer 64, highest 84, lowest 44.
Port Worth, lexas.—There has been no rain during the
week. 1 he thermometer has averaged 64, the highest being
84 and the lo vest 44.
Weatherford, Texas •
—We have had no rain the past week.
The thermometer has averaged 63, and ranged from 46 to 80.
New Orleans, Louisiana— lx, has rained on one day of the
week, the pi« cipitaiiou being one hundredth of an inch. Av
erage thermometer 68.
Shreveport, Louisiana.—W e have had no rain the past week.
Average thermometer 63, highest 84, lowest 46.
Columbus, Mississippi.—We have had no rain during the
week. The thermometer has averaged 59, the highest being
82 and the lowest 37.
Leland, Mississippi.—There has been no rain during the
week. The thermometer has averaged 61 7, ranging from 39
to 85.
Vicksburg, Mississippi.—It has rained very lightly on one
day of the week, the rainfall bung too small to measure. Th ■
thermometer has ranged from 42 to 81, averaging 63.
Meridian. Mississippi.—It has been clear all the week.
Picking is about fini-med, and it is reported that some plant
ers have sold their last bale. The thermometer has ranged
from 40 to 72.
Little Rock, Arkansas.—We have had no rain the past week.
Average thermometer 62, highest 83 and lowest 41.
Helena, Arkansas.—Cotton is mostly all open and is being
gathered rapidly. Home planters say that picking will be
completed before December. We have had no rain during
the week. Water is very scarce; the river i3 v<-ry low. The
thermometer has averaged 60, the highest bei g 81 and the
lowest 38.
Memphis. Tennessee.—The weather has bees dry all the
week. Picking and marketing are active, but receipts by
river have been delayed owing to low water. The river is
one foot and seven-tenths below the zero of the gauge—the
lowest on record. The thermometer has averaged 63, ranging
from 43'9 to 80-2.
Nashville, Tennessee.-—Telegram not received.
Mobile, Alabama.—Picking is nearing completion. Rain
has fallen on two days during the week, to the extent of two
inches and seventeen hundredths Average thermometer 65,
highest 83 and lowest 49.
Montgomery, Alabama.—There has been light rain on one
day of the week, the rainfall reaching sixteen hundredths of
an inch, but now the weather is dry and warmer. The ther
mometer has averaged 63, the highest oeing 74 and the 1 west 51.
Selma, Alabama.—Telegram not received.
Madison, Florida.—We have had rain on one day during
the week to the extent of thirty hundredths of an inch. The
thermometer has ranged from 48 to 75, averaging 63.
Columbus, Georgia.—W e have had no rain during the week.
Average thermometer 63, highest 76 and lowes t48.
Savannah. Georgia.—We have had rain on two days of
the week, the precipitation being two hundredths of an inch.
The thermometer has averaged 67, the highest being 84 and
the lowest 49.
Augusta, Georgia.—There has been rain on one day during
[ V o l . L X I.
the week, the rainfall being thirty-six hundredths of an inch,
T he therm om eter has averaged 62, ranging from 42 to 81.
Albany, Georgia.— Telegram not received.
Charleston, South Carolina.— There has been rain on tw o
days o f the w eek, the precipitation being five hundredths of
an inch. A ve ra ge therm om eter 67, highest 80 and lowest 53.
Stateburg, South Carolina.— W e have had rain on one day
during the week to the extent of thirty-one hundredths of an
inch.
The therm om eter has averaged 60, the highest being
77 and the low est 39.
Greenwood, South Carolina.— Rain has fallen on one day
o f the week, to the extent of fo rty-fo u r hundredths of an
inch. A ve ra ge therm om eter 49.
Wilson, North Carolina.— It has r a in e d on one day o f the
week, th e p r e c ip ita t io n r e a c h in g fo r t y - e ig h t h u n d r e d th s of an
in ch .
The th e r m o m e te r h a s ra D g ed fr o m 42 to 72, averaein g 61.
•
6
I'he follow ing statem ent we have also received by telegraph,
s lo w in g the height o f the rivers at the points named at
8 o’clock October 17, 1895, and October 18, 1894.
Oct. 1 7, ’ 95.
Ve*1
^ew O r le a n s ........ ......... A bo v e zero o f ga u g e .
M e m p h is...............
N ashville .............
Shreveport
....... ......... B e lo w z e ro o f g a u g e .
V ic k s b u r g ............. . . . .B e lo w z e r o o f gautre.
* B e lo w zero o t ga u g e.
Oct. 18, ’9 4.
Fee'.
30
1-7
04
3 6
3*7
3 0
00
*0*2
3 6
19
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 . — The re ce ip ts
and shipments o f cotton at B om bay have been as follow s f< r
the week and year, bringing the figures d ow n to October 17.
B O M B A Y RE C E IPT S AN D SH IP M E N T S F O B F O U R Y E IB S .
Shipments this w eek.
Shipments since Sept. 1 .
Year Great Conti
Great
Brit’n. nent. Total. B ritain
C onti
nent.
1 -<95
1894
LS93
1 *92
2 7.0 00
5,0C0
4 .0 0 0
3 .0 0 0
4 .0 0 0
•*»«■*
1,000
5 .0 0 0
4 .0 0 0
3 .0 0 0
5 .0 0 0
Total
2.000
2,000
2 8,0 00
27,0 00
Since
Sept. i.
10.000
3 .0 0 0
11,000
2 7 .0 0 0
1 7 .0 0 0
30.0 00
29 0 0 0
12.000
5 .0 0 0
ELectxp t.
This
Week.
6 3 .0 0 0
20 0 0 0
5 7 .0 0 0
20 000
4 .0 0 0
According to the foregoing Bom bay appears to show
an increase compared with last year in the w eek ’s receipts of
T, *00 bales and a increase in shipm ents of 1,000 bales, and
the shipments since Sept. 1 show an increase of 10,000 bales.
The m ovem en t at O alcutta, Madras, and other In dia ports for
the last reported week and since the 1st o f Septem ber, for two
veais, has been as follow s.
“ Other p o rts” cover Ceylon,
Tuticorin, K urrachee and Ooconada.
Shipments fo r the week.
Great
Britain.
Conti
nent.
Shipments since Sept 1
Great
Britain.
Total.
C alcu tta —
1 8 9 4 .........
M adras—
189=).........
1 894.........
A ll o th e rs —
1895.........
1 8 9 4 .........
2,000
T otal all—
1 89 5 ..........
1 8 9 4 _____
3 ,0 0 0
4 ,0 0 0
1,000
1,000
1,000
3 ,0 0 0
2,0C0
3 ,0 0 0
1,000
1,000
2,000
2,000
3 .0 0 0
3 .0 0 0
4 ,0 0 0
3 ,0 0 0
9 .0 0 0
7 .0 OO
5 .0 0 0
6.0 0 0
1 4 .0 0 0
13.0 00
3 .0 0 0
6,000
7 ,0 0 0
12,000
11,000
1S.00--
1 6 ,0 0 0
1 5 ,0 0 0
1 9 ,0 0 0
19,000
3 5 ,0 0 0
3 1 ,0 0 0
7 ,0 0 0
6,000
2,000
ToU‘
1,000
2.000
4 ,0 0 0
Continent
1 8 ,0 0 0
The above totals for the w eek show th a t the m ovem en t from
the ports other than B om bay is 1,000 bales
- than the sam e
week last year. For the w hole o f In d ia , therefore, the total
ihipments since Septem ber 1, 1895, and for the corresponding
periods o f the tw o previous years, are as fo llo w s:
E X PO R TS TO EU RO PE FR O M
Shipments
to alt Europe
from —
B om b a y. .........
All o th e r p o rts
T o ta l
___
1895.
This
week.
A L L IN D IA .
1 89 4 .
Since
Sept. 1.
5 ,0 0 0
7 ,0 0 0
2 7 ,0 0 0
3 5 ,0 0 0
12,000
6 2 ,0 0 0
This
week.
1893
Since
Sept. 1.
4 ,0 0 0
6,000
10,000
This
week.
Since
Sept. 1.
1 7 .0 0 0
3 4 .0 0 0
3 ,0 0 0
5 ,0 0 0
3 0 ,0 0 0
3 0 ,0 0 0
5 1 ,0 0 0
8,000
6 0 ,0 0 0
ALEXANDRIA RECEIPTS a n d SHIPMENTS.— T hrough arrangtnents w e have m ade with Messrs. D avies, B enachi & O o .. of
Liverpool and A lexa n d ria , we now receive a w eek ly cable of
the m ovem ents o f cotton at A lexan d ria, Egypt. T he follow ing
are the receipts and shipm ents fo r the past week and for the
corresponding w eek o f the previous tw o years.
a
lexandria, Egypt,
October 16
R eceipts (c a n t a r s * )....
T his w e e k . ...
S in ce Sept. 1 .
1 89 5 .
2 5 0 .0 0 0
7 3 5 .0 0 0
This
S ine•
week. Sept. 1
E x p o rts (b ales)—
T o L iv e rp o o l ............
T o C o n tin e n t!............
12,000
5 ,0 0 0
2 9.0 00
17.0 00
1894
1893.
1 1 5 .0 0 0
2 8 0 .0 0 0
120,000
This
week
4 .0 0 0
4 .0 0 0
S ine•
Sept. 1.
1 8,0 00
26,000!
2 5 1 ,0 0 0
This
week
Sine*
Sept. 1 .
8 ,^ 0 0 1 7 ,0 0 0
4,0oo| 19,000
T otal E u r o p e .......... 1 7 ,0 0 0 4 6 ,0 0 0
8,000 4 6 ,0 0 0 1 2 ,0 0 0 3 6 ,0 0 0
* A oa n tar is 98 pou n ds.
t O f w h loli to A m e r ic a iu 1 3 9 5 ,1 ,3 9 0 bales; ia 1 8 9 1 , 1,205 b ales; In
1 893, 1 ,3 2 0 bales.
his statem ent show s that the receipts fo r tne w eek ending
Oot. 16 were 230,000 cantars and the ship m ents to all Europe
17,000 bales.
THE
O c to b e r 19, 1895.]
Manchester M a r k e t . — ou r report received b y c a b l e to n ig t
from Manchester states that the m arket is firm for both
yarns am i shirtings. 1 he dem aud fo r India is poor. W e give
the prices for to-day below and leave those for previous weeks
o f this and last year fo r com parison:______________________
1895.-
s. d
*• 20
“ 27
Oot. 4
“ 11
“ is
4 3 % >6
» l lg 9 7
1 4
aft 8
65,g 9 7 4 l 5 b 6 713
8 U ,a »7 Ia 4 6 3 6 9
6is 18 97M 4 6(396 10
6 U p S 7 k
4*3.*
437.
439
7 1 * * 6 11
4
a.
«
4»«
i'*9
6
513, . 9 6 ^
4
5 ’. '•>6 i ti '■
„> 4
1=s
S6 H 4
5 \
» 6 7 ia 4
5 »S
S IJ S j, 4
5=s
* 6 » ,s 4
*
56
61a
6
« 6
7
6
5
06
41*
5
96
5*9*6
5
4
S ia
327 2
| fs a
3ais
3(9
3U 3
3 »*
8 e a I s l a n d C o t t o n Mo v e m e n t . — W e have received th s
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton m ovem en t for the week. The
receipts for the week ending to-night (October 18) and sint e
Sept. 1, 1895, the stocks to-n igh t, and the same items for the
corresponding periods of 1891, are as folio w1895.
tUeeiptt to Ort. 18.
Stock
1891.
This
St net
r* t» ( Sine*
vsttk. |Sept. 1. wtok. Sept. -1. 1895
T o t a l . ........................................
-1,6871 13,04'i
557
1,-09
»0
HH
3,211
5,321
3*692
6 .-9 1
1 ,1 2 7
707
7,013
14,610
9 .7 2 5
9,160
ly 1 1
U .9 -6
1894
'(i
-
1 3 ,6
.6 0
967
1 ,1 7 5
The exports for the week ending this even in g reach a total
of 2,745 bales, of which 2,450 bales were to Great Britain, 395
to France and —
to B eva l. and the am ou n t forwarded to
Northern m ills has beeu 1.928 bales.
Below are the exports
fo» the week and since Septem ber l in 1-895 and 1891.
l ,5 7 l : ........ : 1,594] 1.574
449
449 . . . . . .
449
1,0 5
'295
427
.......... .
...
Total 1894
*— •I
295) *i,745| 3.053
f 34 | 3.533
1,929
3,973
€17
3«7 i 1.818
1,274
4,920
617
1,451
w e give the exports o f cotton yarn , goods, A c .. from Great
Britain for the month o f Septem ber and since October 1 in
1894-95 and 1993-91, a* com piled by us from the British Boar.'
o f Trade returns. It will be noticed th at we have reduced
the m ovement all to pounds.
T*mJtT%rtnd
loteU © / ^ 9 .
CM 4.
0-mUtrt.
l&n4Hk
tM H 4 S
U>*
n j m msn*
m. *3 4
* !> • *
UM*
O e t o e e r ..,.
D # C M rm b * r. . .
Td*.
tm-M*
4 4 6 ,1 f 9
2 ftjD W
•1.8M7
2 4 . -IG
W.*&
20.701'
\99.T*
1 2 2.161
Jj42
2 0 ,-I f
A p r il.............
M
H s r ................
2 4 3 3-^
>>|
1*03-04
tJ>*.
r ju
left*
101.897
m.itn
m jm 77,*? i
4 « ifim ntfim w jo *
1 0 1.049
0% 0M
1 01.12*
mt£u.
9 2 6 .7 9 6
3 « !.1 7 l
0»M $
91444
115^17
107 JI40
M 1.W 3!
* 6 .0 0 0
1 12 5 43
106.98^'
i**>.997
1 6 6 ,0 i i
•n,7 4 a
0 7 .4 3 7
107.092
100.004
4 1 5 ,0 2 *
402.-
T».6 H
H 9.186
104443
1 .4 0 1 ,48» 9 i U 4 l
0
3 >8.47*
2 .0 7 1 ,'* # ' 4 2 9 .4 0 9
SO&.U*
4 7 3 .« 2 y
0 2 7 .2 9 7
7 9.941
1 0 0 ..8 3
0 9 7 57
4<>7.8 6 '
7 5 A -&
ItifiCfi
100.741
06.48-4
4 0 1 ,7 0 3
6 7 .4 <7
7 6 .0 4 2
8 7 ,1 7 7
9 6 ,' 9 0
(M WI •* ditJilW 1 . 1 0 7 ^ 0 - 1 .3 * 0 .0 1 * 9 1 9 .1 8 5 2 3 U * ! 1
J s e .lu .I
89& 330
mrtfiTi
0 1 0 .6 2 7
im am .........
4 1 0 .1 7 *
2 60
7 6 .1 4 4
90AH*
T o t. 94 q n tr
XM
4 6 5 ,1 » l
l,y 4 j
T o t . I d Q O *r
;
U 404 90
r<4*.
m .n i m .m ijtmjass
9 W
J*na*rr
Wmbrmmrr
Msrc.h ..... ..
-i.UiH.-4U 7 1 M 7 4
T t n*l 8* mom.
.......
2 1 , HA
ftJ O !
.... . .
2 4 ,6 4 9
miMt
S stotem tw r.
9 9 ,6 0 8
tO .JfO
T o « U ( t h qr.
UU.Mfi 90.240
HSiC.QtP 477 fim
4 1 4 47#
4 2 0 ,8 4 0 w ,m
K9
M N A O S h I ^>114009
I7 M I1
ft* o f fltnttetn
7 .6 .0 4 7
1
? 0 ,4 7 7
11 2 .0 9 6
10 0 ,3 8 6
104,377
0 0 .1 9 7
100.7.0*
1 0 1 ,8 1 0
1 0 0 ,0 8 4
W .6 74 9 4 7 .1 0 9
3I7A 07
3 1 0 .7 8 9
5 j 2 t 6 . 2 t o W j 9 t § " 1 7 1 1 * 1 .2 4 4 .0 )0 L,7S0,41fl
8 o n < 4 fr a r t lc i * *
T ota l M g ’
Oct
1993.
l
to Sept
1 8 9 3 -9 4 .
I S iR -W .
30 .
1892-93.
1 6 0 .9 3 0 2 0 3 ,7 9 8 2 0 1,2 8 0 2 ,1 9 6 ,0 7 8 2 ,5 * 4 ,9 3 8 1 ,9 3 5 .4 4 5
0 0 .2 3 3 7 2 .2 6 8 5 0 .9 0 1
9 1 0 .3 8 7
7 7 1 .7 * 0
0 3 1 ,9 9 8
5 1 .8 9 4 o 3 ,5 o y 3 2 .0 1 9
5 2 5 ,0 9 7
5 1 2 .3 s i
4 8 0 .1 2 3
2 2 .7 9 i 2 0 .2 8 1 2 4 .0 1 4
* 0 7 .9 «5
2 9 2 ,0 0 8
2 9 3 .8 7 6
0 0 .4 5 2 4 7 .- 8 5 5 6 .4 0 2
«4 3 .5 4 7
5 0 4 .3 8 0
0 0 5 ,0 7 5
* 9 .2 5 0 2 S .3 IU 2 3 .0 3 0
3 2 7 .4 3 3
2 7 0 . 60
2 7 9 .2 3 1
2 8 .9 2 0 2t,jsi5rt 2 1 .--OS 3 5 8 ,8 0 1
3 3 8 ,5 7 1 2 8 0 ,0 0 4
T o t a l y a r d s ............................... 4 1 4 .4 7 0 4 2 5 ,8 4 0 4 2 0 ,4 4 0 5 ,1 3 8 x 0 8 5 .3 1 5 ,2 1 0 4 ,6 2 1 .8 5 5
T o t a l v a l u e ............................. £ 3 .8 5 0 £ 3 ,- 7 1 * 4 .1 8 3
£ 4 5 .9 9 9
£ 5 0 ,3 6 0
£ 4 0 ,9 9 3
Va r m — Lbs.
l o o o s omitted.)
H o l l a n d ............ .................................
d era ta n y .
......................... .
O th . K a ro o © (e x c e p t T u r k e y
8 a s t I n d i e s .........................................
O h t u a a u d J a p a n . . . ...................
F u r s e y a n d K c y p t .......................
\.i i o t n e r c o u n t r i e s ......................
Total lbs...........................
Total v a l u e ...............................
2 ,3 9 0
3 ,S « 4
3 ,9 0 i
2 .3 1 7
8 ,3 9 2
3 ,7 8 9
3 ,0 0 5
2,107
3.201
3 4 ,5 3 9
4 7 .8 2 8
53.0201
4 1 .0 7 1
3 1 ,0 7 5
4 0 ,3 0 1
3,072
2,701
1.8*3
1,535
3 5 ,5 5 8
2 0 .0 0 3
3 8 ,5 3 0
4,073
1,391
2.441
1,403
4,2*5
2.871
2.3S3
943
47.8501
2 ?,* 3 ?
25,583
17.419
41.038
27,831
20,5 3
12.133
38,224
*7,516
27,611
11,144
20.965
£761
16.665
£705
18,89 I
£805
220.370
■0.887
207.592
£9.0 11
254.196
s,0,245
JUTE Butts, Bagging, &c,— There has been a dull m arket
for jute bagging the past week, nosales bring rep irtsd . Q uo
tations this evening are 4 > g \ for 1 % l o s . . i i j j C . f o r 3 lbs. and
5c. for standard grades in a jib b in g w ay. Car-load lots o f
standard brands are quoted at 4 l£c for l?^ lbs . 4 sgC. for 2
lbs and 5 ] j c . for 2*4 lbs. f. o. b. at New Yoric, Jute outts on
the spot have been very quiet and are quoted at 1 l-15o. for
paper quality and lj.jc . for m ix in g. B aggin g quality is n om
inal iu the absence oi stock.
....... ! *.......
Export* op Cor to* hood* prom great Britain.—Below
T « U I fw s r .
P n r k e y , K ifv p t a n d A f r i c a . . .
S u r o p e ( e x c e p t T u r k e y ) ..........
S o u t h A m e r i c a ...............................
N o r t h A m e r i c a .............................
A ll o t h e r c o u n t r i e s ...................
18 9 4 .
Sorlh'n Milt,
A considerable portion o f the Sea Island cotton shipped to
foreign ports goes via New Y o rk , and som e sm all amounts via
Boston and Baltim ore, Instead o f including this cotton fothe week in which it leaves the Southern outports, we follow
the sam e plan as in our regular table of including it wher
actually exported from New Y ork, f t e , T h e details o f th e
s h ip m e n ts of Sea Inland cotton for th e week will be fo u n e
under the head “ Shipping N e w .." o n a s u b s e q u e n t p a g e .
Quotation* October 19 at Savannah, for Florida*, common,
10c.; m edium tine, 1 2 ^ e .; choice,
Charleston, Carolina*, m edium fine. 20 to 22c ; tine, 31 to
9 6 c .; fully fine. 29 to 2 0 c ,: extra fine 33 to 49c.
in ij
1895.
■XPO RTSOF COTTON (BALKS) FROM N SW YORK SINCE 8BPT. 1 , 1 8 9 5 .
......
2, it 0
T o ta l........
T O t * I 6 IU04
September.
Piece UoodJt—Yards.
(000a omitted.)
>*
Ortul ' Pr'nre
Orcat fV'ner
Total. BHCn
dr |Total
B rim . i <*«,
Savannah. .
Chart’ t'n.ifcc
Florida, * e .
New York.
B o sto n ........
B a lu m ore..
OOtti
O F P IE C E Q O O O S A N D T A R N S T O P R IN C IP A L C O U N T R IE S
SEPTEM BER, AND FRO M O CTO BER 1 TO SEPTEM BER 3 0 .
T h e bxpoRTgrOP Cotton fro m N ew Y ork th is w eek show an
increase com pared with last w eek , the total reaching 21,782
bales, agaiuat 19,224 oalos last w eek.
B elow we g iv e our
f sm tt
Week '.SeptA
usual cable, sh ow in g the exp orts o f co tto n fro m N e w Y o r k ,
1,574 1,833 2,9 i 1* »nd the tiruction, for each o f th e last fo u r w e e k s; also the
449
0
10 total e xp orts and lir <ction sin ce 8 e p t, 1, 1895, an d in the la t
80
118 colum n th e to ca l fo r the sam e period o f th e p revious year.
52 Jt 1,560
Since Sept. 1, 1895.
Wee* Ending Ort, 18
Exports
from —
A further m atter of interest is the destination of these
exports, and w e have therefore prepared the follow ing
rtatements, show ing the am ounts taken b y the principal
countries during September and since October 1 in each o f the
last three years:
EXPORTS
1894.
SH lb*. Skirt OotCn
Sx-t lbs. Shirt- Cott’ n
Cop. iiifjs, tom non Mid. 32? Cop. ings, common Mid.
Twist.
Tuftst. j to finest.
ZFpUls
to finest.
TTplds
Sp. 13 S h - a 0 7«
7L5
CHRONICLE,
f a » n n f H C t n r « » .........
1.20H
1 .3 1 0
2 3 16S
8 0 .3 4 7
1 .2 5 2 .0 7 3
The foregoing show s that there has been exported from the
United K in gdom during the tw elve m onths 1.269,•‘561.000 Ibe.
o f manufactured cotton, against 1,253,073,000 lbs. last year, or
a n increase o f 17,291.000 Ibe.
Week E nding—
Hzporttd to —
Total
since
8*pi. 1 .
Same
period
previous
year.
Sept.
27.
Oct.
4
3,903
1,174
1.8 11 12.821 12,801
1,081
9H 9
1’,900
38.128
5,334
32,101
19,054
Tut . t o Gt . B rit ’ n . 5,077
2.952 13.820 14,505
43,462
15,155
2,922
2,916
"> th f» r
British porta..
200
French
...
bther p o r t a ...............
roT .T O No. E
u r o pe
(pain, I t a l y , d i e ............
(11 o t h e r . . . . ..............
Oct.
IS
384
1,288
495
200
304
1,288
493
2,922
2,916
200
3 ,* 3 2
1.1RA 2,234
is o
2,135
IVS
969
a >4 2,300
8,**00
2,708
4 ill3
9,453
6,223
7.826
Pranoh porta..
to ta l
Oct.
11.
too
090
4,131*
3,800
5,838
15,121
23,502
1.750
1.318
71S
...........
...........
. . . .
915
199
.5,503
499
12,300
324
718
T o t a l S p a i n . A c ..
1,730
1.348
1,144
6,002
12,624
I r a n i) T o t a l
7,717
9.101 IH.224 21,792
87,597
89.197
...
S h ip p in g N e w s . — T he ex p ortB o f c o t t o n f r o m t h e U n ite d
dcai.-* th e p a st w e e k , as p e r la ten t m a il r e tu rn s, h a v e r e a c h e d
113,139 b a les. S o fa r a s th e S o u th e r n porta a r e c o n c e r n e i, th ese
are th e s a m e e x p o r t s r e p o r te d b y te le g r a p h an d p u b lish e d in
the C h r o n ic l e last F rid a y .
W it h r e g a r d t o N e w Y o r k w e
in c lu d e th e m a n ife s ts o f a ll v essels c le a r e d u p to T h u r s d a y .
Total balttt.
New Y ork - T o Liverpool, p -r steamers Amanta (additional).
200 Bos 1*1 mil
Hovio, rt,20( up! ind and 150 Ssa
Islan d....G uflo, 8.973 upland aud 77 Sea Island................ 12,605
To Hull, per steam r Fra"ol *o \ 1,400 .......... .......................... 1 .100
To London, per
Manitoba, 5 0 0 ...................................
50 J
T.j H i,i, > per steamer La I'onfamo, 20 > (inland and 291
l.'a n d . . .
.........................................................................
495
To Br> in"n p er-r. amere Fuldv, 551___Habsbnrg. 1,091. .
2,231
To Hamburg, par s'ea ners Ma tala, lu5 ...P a tr la (a ldltlnnai), ,0*0 .. P avals, 1,959. ................ ............ . . . . 2,435
To Autwero, p»r summers Friesland. 70S ..O tr a o ti, 200..
918
To Obrl-tlana, per steamer Island, i ..................... . ............
1
To Genoa, per "Mamer 'Terra. 200.............................................
200
To Naples, per steamer Britannia, 5 0 0 .....................................
500
To Trieste, .er steamer Pooesset, 1 15 ....................................
245
l o Yokohama, per steam r Ardandeare. 1 9 9 ................... ..
199
N ew O rleans - To Liverpool, per steamer Floridian, 4 ,3 5 1 ___ 4.151
To Havre, por steamer Persian Prlnoe 4 ,6 2 9 ........................ 4.629
To Hamburg, per steamer Polynesia. 2,247 ...........................
2,247
To A n'w erp, per steamer Persian Prlnoe. 1 7 0 ......................
170
T o Barcelona, per steamer Puerto Rico. 3,483 ......................
3,463
To .Malaga nor steamer Puerto Stic", 1 ,0 0 0 ................. ....... 1,090
G alveston —To Liverpool, per steamers Fenmore, 6,'2 9 8 ....
Ida. 5,047 . Sorra. 1 ,866. . . . Teutonia, 6.016. __________ 22,025
TmKrein'-n, per Hteamer Joseph John, 5,000 .......................... 6,000
To Flarabnrg, per steamer Cambria, 2 00 ................................
200
Mobile -T o Liverpool, per steamer Dalmally, 5,4 94................... 5,494
S avannah —To Barcelona, per steamer Miguel Gallart, 8 ,2 0 0 .. 8,200
charleston — t o Bremen, per steamer 8 uopla, 3,7 91.................
3,791
To Hamburg, p er steamer Ralopia, 20(> .................... ...........
200
To Barcelona, per steamer Wakefield, 6,734.......... ............. .
6,734
WlLMrNOTON—To Bremen, per steamer Jeanum, 11,125.............. 11,125
Boston —Tn Liverpool, per steamers Columbian. 1,370.......
Philadelphian, 2 .4 8 4 __ Saejiem, 652 .. Soythla, 6 5 0 ........ 5,156
B altim ore —To Liverpool, per steamer Bedgemore, 2 ,0 9 9 ......... 2,099
To Brerneu, per steamer Weimar, 5,366.................................... 5,366
716
THE
CHRONICLE.
_
_
„ ..
Total balesBan F r a n c i s c o — T o Liverpool, per ships Mary Frazer, 70 . . .
Qneen Margaret, 3 7 .....................................................................
107
T o ta l.............................................................................. ...................113,139
The particulars of these shipments, arranged in oui usual
form, are as follows:
Hull
Bremen R’dam Spain,
Liver- ifi Lon<1: HamAnt- Italy <£
» ol.
don. Havre, burp. warp. Austria.
New Y ork. 12,605 1,900
495 4,669
9B9
945
N. Orleans. 4,351 ......... 4,629 2,217 170 4,463
Galveston.. 22,025 ...................... 5,200 ......................
M obile____ 5,494 .........................................
Savannah..
____
............................ 8,200
Charleston..............
, 3,991 ......... 6,734
Wllmingt’n .......
11,125 ......................
Boston....... 5,156
Baltimore.. 2,099
5,366 .........
San F ra n .. 107
T o ta l----- 51,837
1,900
5.124 32,598
Ja
pan.
199
.........
.........
.......
.........
........
.........
.......
.......
.......
1,139 20,342
Total.
21,782
15 860
27,225
5.494
8,260
10,725
11.125
5,156
7,465
107
Galveston—To L iv e rp o o l-O e t. 10—Steamer Roddam, 5 ,1 3 1 ....O o t ,
12—Steamers W ilderspool, 7,047; William Branfoot, 5,724. ...
Oot. 1 6 -ste a m e r Thomas Wayman, 5 ,9 1 0 ....O o t. 17—Steamer
Tripoli, 7,530.
To Bremen—Oot. 15—Steamer Aldersgate, 6,354.
To H a vre-O et. 16—Steamer Wesrgate, 7,616.
N e w O r l e a n s - T o Liverpool—Oct. 1 1 -ste a m e r Engineer, 3,67 8 ..
Oct. 1 5 -S team er C uban,6,0 41.. Oot. 16—Steamer Polauo, 7,893
— Oct. 18—Steamer Legislator, 4,1( 0.
Mobile To Bremen Oct. 1 6 - Steame' Hesper. 7.602.
Savannah—To L iv e rp o o l-O ct. 1 7 -S tea m er Sandhill, 4,036 upland and
1,5 7 4 Sea Island.
To Bremen—Oot. 15—Steamer Birdoswald, 5,730.
To H a m bu rg-O ot. 13-S ream er Birdoswald. 1 ,200.
To B arcelona—Oot. 14 Steamer St. Marmiolr, 4,800.
To p 9 5 oa—Oot, 12—Steamer Springfield, 4 ,6 3 7 ....O o t. 14 Steamer
St. Mamoelt. 3,200.
Charleston—To Liverpool - Oot. 15 Steamers Falkland, 6,070 upland
and 449 Sea Island; Wylo. 3,185.
To Bremen -Oct. 15—Steamer Madeline. 9,018.
F ort R o y a l To L iverpool—Oct. 15 - Steamer Werneth Hall, 8,450.
WILMINGTON—To L iv e rp o o l-O o t. 16 -S tea m er Oceana, 10,846.
Boston— tv Liverpool—Oct. 11—Steamer Cephalouia, 8 5 2 ___Oct. 14—
Steamer Sagamore, 28.
B a l t im o r e
To Liverpool Oct. 9—Steamer Queensmore, 687.
l o Antw rp—Oct. 9—Steamer Norse K ing, 200.
F h i l a d e l p h i a — To L iverpool—Oct. 15—Steamer Belgenland, 4.
Cotton cruights the past week have been as follow
S a tu r.
L iverpool.............d.
764
Do
...........a
.. . .
Havre .................d
D u n k irk .............. c
B rem en................ e
27% t
Do .................c
H am bu rg.............c
%
Ho
............ c.
.. . .
A m s te r d a m ...... c. 2 7 % - 3 0 l
R eval, v. Hamb cl.
3 10
D o v. H u ll...<7. 1 1 6 4 ® 3 ie
B arcelon a...........d.
G e n o a ___
. . d. 1 7 t .S - 5 1
Trieste, O ctober.'/.
4
Antwerp, O o t...d .
332
Ghent, v. A ntw ’p.d
*8
M on.
T u es.
W ednes.
T hu rs.
F r i.
764
764
7 64
764
764
....
. -
.. . .
%
%
27% t
27% t
27% t
%
%
%
H
....
....
....
....
2 7 % -3 0 - 2 7 * 2 -3 0
231
*8
27 %t
S - ? 18
2 3 1 2S -3 D
” 84
n 64
%
53 2 ?r i1 64
27% t
%
__
2 7 * 2 -3 0 * 2 7 % - 3 0 l 2 7 * 2 -3 0 1
2312s- 3 ] f
231 2 £ -S16 231 2 8 -3IS
H e,
U 84
“ 84
%
%
%
%
**fi4 53 2 ® 1 ICI 53 2 ® U 64 53 2 ® 1164
3 3
3 S>
SR2
b*
%
630®
s 32
%
L iverpool .—By cable from Liverpool we have the follow ns
statement of the week’s sales, stocks. <%c.. at that nor
Sept. 27
Sales o f the w eek........... bales.
101,000
Of which exporters t o o k ...
2,500
Of which speculators took
3,300
Sales A m erican.........................
88,000
A ctual e x p o r t...................
10,000
Forw arded........ _................
59,000
Total stock—Estimated . [ . . i l l 1,037,000
Of which Am erican—E stinA
928,000
Total im port o f the w eek.......
12,000
Of which A m erioan____. . . .
9,000
Amount afloat..........................
55,000
O f whioh A m erican___ [ [ [ [ .
49,000
S a t ., Oct. 1 2 .
Oct. 4.
Oet. 11
Oct. IS.
75,000
1,000
2,«>00
66,000
5,000
69,000
984,000
874,000
21,000
13,000
60,000
56,000
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
80,000
3,600
. 5, '0 0
70.000
6,000
61.000
903.000
794.000
32.000
I>Ion., O ct. 1 4 .
T u e s ., O ct. 1 5 .
Open High Low Cl08. Open High Low CI0 8 . Open High Low
Ol08.
d.
d.
d.
d.
d.
d.
cl.
d.
d.
d.
d.
October__ 4 47 4 47 •1 47 4 47 4 5 0 4 50 4 5 0 4 6 0 4 53 4 55 i 5 3
Oct.-Nov.... 4 49 4 4 0 4 4 6 4 4 0 4 4 9 4 50 4 4 9 4 50 4 5 3 4 5 5 1 5 3
Nov.-Dee... 4 4 6 4 4 6 4 i d 1 4 3 4 4 9 4 5 0 4 4 9 4 5 0 4 5 3 4 6 5 4 6 3
Dec.-Jan.. 4 4 7 4 4 7 4 4 7 ■147 4 5 0 4 51 1 6 0 4 51 > 54 4 50 4 5 4
Ja^n.-Feb.. . 4 49 4 40 4 4 9 4 49 4 5 2 4 5 2 4 6 2 4 5 2 4 5 5 4 57 J 6 5
Feb.-Mch. 4 5 0 4 50 4 5 0 4 5 0 4 5 3 4 53 4 5 3 4 5 3 4 57 4 5 8 4 5 7
4 58
Mch.-April. 4 51 4 51 4 51 4 5 1 4 6 4 4 5 4 4 54 4 6 4 1 4 58 4 0 0 4 68
4 60
A prll-May., 4 53 4 5 3 4 5 3 4 5 3 4 06 4 60 4 5 0 4 50 4 5 9 4 01 4 5 0 4 0 1
May-.June.. 4 5*4 4 H 4 5 4 4 5 4 4 57 4 5 7 i 5 7 4 57 4 01 4 6 3 4 61
June-July.. 4 56 4 5 6 4 5 6 4 5 0 4 5 8 4 5 8 4 58 4 5 8 4 6 2 5 0 0 4 0 2
July-Aug... 4 5 7 4 5 7 4 57 4 57 4 6 0 4 60 4 0 0 4 0 0 4 0 3 6 01
4 03
5 0*
A.ug.-Sept
W e d ., Oct. 16.
199 113,139
Below we add the clearances this week of vessels carry jng
ootton from United States ports, bringing our data down to
the latest dates:
[V o l . LXI.
T h u rs ., O ct. 1 7 .
I
Open High Low. CI0 8 . Open High Low. Cl08.
d.
d.
d.
d.
d.
d.
d.
F r i., O ct. 1 8 .
>pen High LOW. Ol08.
d.
d.
d.
d.
4 54
4 57
4 51
4 57
4 56
4 67
4 51
4 51
4 52
4 52
4 £0
4 54
4 57
4 54
4 57
4 50
4 50
451
4 61
4 51
4 52
4 50
4 55
4 57
4 65
4 57
4 56
4 56
451
4 51
4 51
4 51
4 50
October ....
Oct.-Nov..
Nov.-Dee...
Deo.-Jan....
Jan.-Feb,...
Feb.-Mch.
Mch.-April.
4 55
4 51
4 54
4 60
4 02
4 60
4 62
4 61
4 01
4 50
4 50
4 50
4 60
4 55
4 55
A p r i l - M a y ..
4 6i
5 00
4 61
5 00
4 02
4 63
May-June..
June-July
J uly-Aug ..
Aug.-Sept..
4 57
4 67
4 58
1 56
01
4 62
4 50
4 02
0
4 68
5 01
5 00
5 00
4 59
4 69
4 59
4 59
4 57
4 57
4 63
5 01
5 02
4 63
6 02
5 01
6 01
4 00
4 60
4 60
4 00
4 59
4 59
5 03
5 01
5 03
5 02
5 02
4 Oi
4 01
4 62
4 02
4 60
4 6a
4 55
4 50
4 58
4 55
4 57
4 52
4 52
4 52
4 52
4 51
4 51
4 67
4 59
4 57
4 59
4 58
1 58
4 53
4 53
4 54
4 54
4 52
4 52
4 58
4 00
i 58
4 60
4 00
4 60
4 58
4 57
4 54
4 54
4 65
B R E A D S T U F F S .
F r i d a y , October 18, 1895,
The amount of business transacted in the market for wheat
has been small, but prices have been steadily maintained ;
winter grades haviDg been in light supply, and of spring
grades millers were in most cases sold ahead, and conse
quently were not disposed to enter into further negotiations
except at full quoted values. City mills have had only a
moderate call, but prices have been well held. Rye flour has
been quiet and unchanged. Buckwheat flour has sold slowly,
but prices have held steady. Corn meal has been moderately
active at steady prices. To-day the market for wheat flour
was quiet but steady.
Speculation in the market for wheat futures has been quiet,
and early in the week prices declined UDder realizing sales by
“ longs,7' prompted by dull and easier foreign advices, but
subsequently continued unfavorable weather advices from
the winter-wheat belt for seeding stimulated a demand from
“ shorts” to cover contracts, and part of the loss was re
covered. In the spot market shippers were fairly large
buyers during the latter half of the week, and prices ad
vanced, particularly for red winter grades ; millers have also
been moderate buyers. The sales yesterdav included No. 2
red winter at 3c. over December, f. o. b. afloat; choice do. at
l^ o . over December in store ; No. 1 Northern at
over
December f. o. b. afloat; No. 1 frosted Manitoba at 10c. under
December, c. i. f., to Buffalo, and No. 3 Manitoba at 5c. under
December do.
To-day the market opened higher in response to stronger foreign advices, but subsequently
weakened under predictions of rain in the winter-wheat dis
tricts. The spot market was quiet. The sales included No. 3
red winter at 3c. over December f. o. b. afloat and No. 1 hard
spring at3c. over December f. o. b. afloat.
D A I L Y C L O S IN G P R I C E S
October delivery............o.
December delivery........ c.
March delivery............... c.
May delivery.................. ..
66 7s
6843
714
71 *2
NO. 2
Mon.
65 78
66 7a
697q
70
RED
W IN T E R
Tues.
60*
6734
7 0 7s
7 0 78
W HEAT.
Wed.
683g
67*4
70*8
70 *2
Thurs.
605g
67
70*4
70*4
Fr
66 %
67%
70%
70 %
Indian corn futures have been quiet, but prices have steadily
advanced on buying by shorts to cover contracts, stimulated
128.000 by large clearances from the seaboard and predictions of a de
125,000
crease in the crop movement. In the spot market a moderate
Liverpool market for spots and futures ea* h amount of business has been transacted with shippers and
prices have advanced with futures. The sales yesterday in
cluded No. 2 mixed at 39c. delivered and 2 ^ c. over Oct. f.o.b.
afloat for delivery end of October; yellow at 38Wc in ele
Spot.
Saturday Monday. Tuesday. Wed*day Thursday. Friday.
vator and No. 2 white at 383^c. in elevator. To-day the mar
ket was fractionally higher on stronger foreign advices. The
Market, } Q u i e t b u t
Good
F a ir
F a ir
G ood
A
c
t
i
v
e
.
b u s in e s s
1:45 p. m .J s t e a d y .
business
demand. d e m a n d .
spot market was quiet. The sales included No. 2 mixed at
d o in g .
dong.
%%@ 3/£c * over Oct. f.o.b. afloat.
20.000
Mld.XJpl’ds.
42732
4 2732
429^2
4 ib 16
415]8
42932
S a les......... .
Spec. & exp.
7,000
500
10,000
500
15,000
1,000
15,000
2,000
12,000
1,000
12,000
500
Futures.
B a r e ly
Market, )
at
1:45 p. m .J steady
2-64 d e o .
Market, £
4 P. M. $
Q u ie t.
F ir m at
p a r tia lly
t-0 4 a d v .
Irreg. at
3-64 a d
van ce.
S te a d y a t
1 -6 4 @ 2 64
ad van ce.
8t e a d y .
F ir m .
Firm.
Irreg. at S t e a d y » t
1-04 mi- 2-64® 3 -6 4
van ce.
advanoe.
Easy.
B a r e ly
stea d y .
uigueHt, lowest ana closing prices of future
Prices are c
the basis of Uplands, Low Middling clause, unless otherwis
stated:
*
at Liverpool for each day are given below.
Prices are fftven in pence and 64</u?.
6d-64d., and 5 01 m eans 5 l-6 4 d .
T hus: 4 63 m ean
D A I L Y C L O S IN G P R I C E S O P N O . 2
Sat.
October delivery............c. 36%
November delivery........ c. 3638
December delivery.........o. 3514
May d eliv e ry ...................e. 35%
Mon.
3608
36*.
35
35%
M IX E D
CORN.
Tues.
37
Wed.
3714
Thurs.
37%
36%
36%
36%
35%
35%
35%
35%
35%
35%
Fri
37%
37%
35%
35%
Oats for future delivery have been dull but prices have
made fractional advances in sympathy with the improve
ment ih corn and on buying by a few shorts to cover con
tracts. The spot market has been fairly active with shippers
buying, having taken 100.000 bushels No. 2 mixed at about
2b/S@25Jkc. f. o, b. afloat. To-day the sales included No. 2:
mixed at 24J^c. in elevator and No. 2 white at 254£c. in ele
vator. To-day the market was quiet and easier. The spot
market was weaker. The sales included No. 2 mixed at 23%e.
in elevator and No 2 white at 24^c. in elevator.
THE CHRONICLE.
Oc t o b e r 19, 1895,]
717
The market for brown goods has been quiet throughout.
The general demand is for moderate quantities and special
October delivery—
bids in volume for later deliveries are mostly turned down.
November delivery*.
December d elive ry .. ..e .
23% Sheetings and drills are unchanged iD price, but some makes
25% of ducks and osnaburgs are advanced }4c. per yard. In coarse
May delivery............
Rye aD<l larley have sold slowly but prices have held steady. colored cottons incidental advances of % c. to J£o also are
noted, but the general market for denims, ticks, p*laids, etc.,
The following are closing quotations :
PLO CR
is unchanged but quite firm at full prices, with a quietly
F m e..... ........... 9 bbl. $2 15® 2 35 Patent, w inter........... $3 50 ® $ 3 75
steady business passing. In bleached cottons of all grades
Sapertine.................... 2 1 5 9 2 65 City mills e x tra s........ 4 00
Extra, No. 2 ............... 2 5 a 2 7 5 Rye floor, sunerflne.. 2 5 0 a 3 0 0 moderate sales only are reported, but stocks being light prices
Extra. No. 1............... 2 60 a 3 00 Buckwheat flour........ 1 60 a 1 7 0 are firmly maintained. No change is noted in wide sheetings,
Clears.......................... 2 -.3 a 3 25 : t orn meal—
for which the demand is slow, Cotton flannels are against
Western. * 0 ............ 2 4 5 8 2 55 buyers and cotton blankets strongly held. Quilts are firm at
atrai.'h ts.................... 3 25 8 3 50
...
j - 1 ’ 8 3 ,5
Brandyw ine............
2 60
recently advanced price, and lace curtains marked up ID to 15
l Wheat flour in sacks sell* at prices below those for barrels.)
o a s is .
per cent in some makes. There is but a slow demand for kidCoro, per buah—
e.
0.
Wheat—
e.
finished cambrics at previous prices. Fancy calicoes are in
West*a m ixe d ........ 37% 9 41
Sprloe, per b o sh .. 67 © 72
limited suoply in dark work and very firm, with advances of
No. *2 m ixed.......... 38%-* 40%
Red winter Su. 2 .. 67>sO 6»bi
Western y e llo w ..
H'c- recorded in indigo blues, shirtings, mournings, grays,
38 a 40
Red w inter............ 62 a- 71
Western White___ 37 9 39
W hite...................... 66 at 71
robes and draperies. Staple ginghams well controlled by
Oats—M ixed, p er bu. 23% tn 25% Rye—
agents aud prices firm. Dress ginghams unchanged in all
Western, per bush. . . . . a
White....................... 24 <r 30
respects. Print cloths have advanced l-10c. to 3 5 16c. for ex
State and Je rse y .. 40 a 43
2 fN
No. 2 m ixed ........
23
S c 2 w h ite.......... 25A i» 26% Bariev—W estern___ 44 © 50
tras with a moderate business rep irted. Odd goods also ad
6t»te 2-row ed....... . . . . ©
vancing, 381a inch 64 squares sold at 4-7£c.
6tate 6-r ow ed ....... . . . . a
D A IL Y CLOSIN G P R IC E S O P N O . 2 M IX E D O A T S.
Mon.
233«
23 is
23 «»
25%
Sat
23 is
23 H
23 »s
25»*
Exports
B readstu ffs,
of
Tues.
237s
23%
23-a
357q
Wed.
24
23 Ts
24
25 7s
P r *y i s i >s s ,
Thun
23 7g
23 %
23 7s
2 5 -q
rr .
23%
C otton
AND
1895.
Slock o f Print Olotht—
Oct. 12.
At Providence, 64 squares................... 103,000
At Fall River. 64 squares..................... 29,000
At Fall River, odd sixes........................ 58.000
P etroled sr.—-The expor e of thes- articles during the month
of Sr ptetuber, and the nine months, for the pjtst three years
h a v e b e n as fo l l o w s :
Bcsvr ' .
from C.S.
Srpeemfcr. 'J Month*. Septembr'.
Month* Stptrmber.
0
T otaletook udeoesi____ ________ 190,000
1393.
1391.
U 8B»
9
Mom/VM
O u M tU k J .
* 7 .3 2 7 ,4 5 2
F l o o r . . .W d *
0 ,1 3 5 ,2 0
5 t .^ S .3 7 7
W ,7 A i
1 2 ,0 ^ 9 .4 5
101*9:>o. M *
V T h » « t ^ ..b u .
C o r o . ..b a x b .
3 t ,7 l8 * « 4 T
T o t. boah
i2 7 .d W .«:o w
#
0 * t # Sc m « A i
a * r s « r . .........
21
C o tto n .
107.it'.
21)*.♦).«
jm
m
i M I M 7*
L U fiv
4 ,0 7 7 ^ 1 3
T »W . » * } Q *
9 o n L ~ 4 l ] the
bf
m o #
U . 475.04*
3'A0Mt..SK’
2S&.97 ,2 5 »
6 * 9 0 7 .7 5 7
2 2 ,m iU
18 493.5 5 1 4 1 ,5 1 9 ,2 7 0
3 .7 5 3 .5 4
4 1*805,409
2 X .r t h .S lt . 1 - 5 .8 8 1 ,« 3 »
*
«
2 4*9 0 9 .8 8 2 ,1 2 2 ,? 3 4 ,3 0 9
M O O g S S l} 2 1 .0 3 5 . 12
1 1 ,4 1 9 !
402 379
9 8 1 .3 *■
» 4 3 .f9 i
m
0*749,44?;
1.12* 4 4 1 . ^
1 0 0 ,. 4 2 ,
* lQ « :it t 4 U iK r 7 * t i i * *<«>> o
return#
127
40,01 u
....
V%Cr>>ric D.*kc
I
75*7 4 2 .4 0 4
1 7 4 9 5 ,0 4 0
t ll.S T l
s h i p
U .1 n
P ro rtx to M *
1 2 ,W 5 .0 S 5 U M i o . i R
tU U M M
3 -C
C o r o Jc t o « « i
3 6 .4 8 9 .4S 3
t
S .t» J .S 0 1
1
W f c ’t . t f l o o r .
R f » .................
4.23 0 2 0
1 1 4 3 9 ,0 8 2
L 0 >0.534
9 I .0 9 I.0 9 &
9*8^ 3,891
2 .0 8 8 ,1 3 7
18 , t ft2*8NS 1 4 7 .5 1
U 7 .1 T M 9 9
t 1 02 H 7 .4 *
t * . 2 9 i , 2 9 l ; 1 1 7 .7 9 4 .3 0 o
3 ,4 0 0 .7 5
3 9 ,0 3 5 , 7H
M 5 T-475l 9 0 ,0 5 0 ,0 3 0
a ij « o t .* 7 ^
3 0 1 .4 0 0 ,2 1 1
39 * ,7 t l0 f i0
%i
0 *0 1 8 .2 4 7 j 9 0 ,7 5 9 .3 1 2
‘ ft A i l m i i n i t i * «n < 4 r « j * r * .
flcure* »re bw^"l o o the m aathtj prelim inary
SiifwmI of
and 001t* r about 9 4 per cent
o f the total export* o f nrf.nUr.u8fl, o il so d prorU loa*. and nearly 10.)
per cent o f cotton.
n r F o r och er ta b le * •• r i II v f l f f « h ere aee p a c e USfi.
THE
DRY
GOODS
TRADE.
N e w Y o r k . F r i d a y . P M „ O c to b e r 18. 1895.
There bs# btt n i o u altiial t bsnge in the d> m u d for staple
cottons doting the past w »ek and the m arket bus presented a
Do m e st ic C o t t o n Wo o d s .— T he < x p o o * o f cotton goods
I in p o r ta tlo n * a u d W a r e h o u s e W it h d r a w a l* o f D r y G o o d s
The importations and warehouse w ithdrawals o f dry goods
at this port for the week ending Octotier 17, and since
January 1, 1895, and for the correwponding periods o f last
year are a* fo llo w s:
i 3
h IfP ill
a: 5
1 s£ “
12 a®l:
=
f
;
8;
B:
x } <0—
• t;**4 — -»X -itO
© C V- — —
®1 "
M
to
p
y*h*
— w»
to -) v: •- ©
-j — to
to
-*to—ioto
bV#<»©
o
to a*
to
V, x
S£
—I p p
— | 'J« vi
R aw y o r e t o Oc t . t4.
Week
123
Oroat Britain.......... ............
Other K o r o p -a n ......... ..—
1
LIi Ida .....................................
100
India .......... ........................
8
Arwbio...... .... . *................ .
5®
A fr ic a ...................................
W#*t la d le * ...,.................... 1 362
M exico __
4
168
Central America..........
South A m erica ...................
1,17«
Other O oaotrle#,............ .
1 341
T otal........................ ...
Chin*, yi* Vancouver*.
T o t a l,..* -.,................. .
!
41
12
516
2
2.5(»
68
1 40
12
2 2
Im 7
37
4,682
2 /4 2
69.878
5.937
18,518
6.198
14.077
1,732
7,765
39,442
2.936
158,942
2 1,8-41
1 2,287
558
I -3 ,707
19,756
4.5 4 «
160,793
i- hiii, ,l>r-‘*-t.
i 2.845
193,463
2,362
2,186
a* { x »
O i to to
X X ©
* f run, New England mill
The value of the New York exports for the year has
been 17,127,111 in 1895 against $ 9 , 0 5 0 , 9 3 2 in 1 8 9 4 .
2 3*33—to
UOtOX to to
* 4*wj *•©
**»»
5 b V
O to
I* §Z 2
|3S e u
isH *£1
\9i
x.
to<*»
s s
toto
33
I 3
3 «
WX
c l to X
c**-*
Vp
V -
•2 w*
Wrc
ce-i
b» *0
to >
to o
*0
h*a
ta a <o ■» d
C 'lO W to
to » to j>ct
¥0 t o V Ito--i t o » ©
*-*toe- to
■xi to to to to
P . * 7 - r ‘ K,«
o w ' j i toVi
<5> > a-1 tfa
totoCO — to
£
c
,j »o
v- > to to —
ito
j
> jb to - j to •
10 » *CStO
©© o: a*oo
-4 + c to to
to » *
—o —
»
»
o *a a to to
to to «i 'i Vo
to —to *• to
>—*J» da. O
to to to to *4
p I
»o to —w tob
<o •*-)•> o to *
© 1
uD-4
b* <»Vto«ab
to I cstoa»v«i-
93
Since Jan, 1. i W uk ’Stnce Jan. 1.
a ,» i6
2,n«7
44.422
3.709
17,.512
7,S7D
I3,»fl7
2,201*
9,403
48,076
6,131
603,000
of Clay worsteds are all
well sold ahead, and in a better position to enforce their own
prices than those handling other makes of menVwear fabrics.
Buyers discover this when re-ordering, and have had to pay
advances this week of
to 10 per cent over original orders.
In other directions the tuen’s-wear market has shown little
change, the general demand being quiet and sellers meeting
it at previous prices despite the increased cost of raw material.
Prospects for the'eorning heavy-weight seas m are, however,
more promising. Low-grade fabrics in cotton warps, satinets,
etc., are quiet and unchanged. Cloakings in moderate re
quest and overcoatings generally slow. Woolen a id worsted
■iress goods very firm for spring in all desirable lines and well
ordered. Carpets are firm and occasionally dearer in ingrains,
with flannels and blankets quiet at full prices.
F o r e ig n D r y G o o d s . —Business has been quiet in dress
goods for spring, foreigu makes being largely withdrawn
from s»le; prices tending upward, Silks and ribb ms well
ordered at firm prices and more doing in laces. Linens firm
and in fully average demand. Men's wear fabrics for new
heavy weight season are being shown, but in worsted! prices
quoted are above buyers’ present ideas.
package*, valued at -138.084, their destination being to the
points specified In the able below :
1894
160,000
W o o l e n G o o d s .— Manufacturers
from this port for the week ending October I I were 2,363
10y&.
1893.
Oct. 14.
185,000
., „
418,000
771
1 ,4 1 0
1 .2 1 ?
2 .0 4 9
1 ,7 5 4
gen* tally qui* t »p|.<*fsnce, w ith few advances in prices re*
co rd id in either brow n, bleached or co arse-colom i cottons,
and these have teen more of an evening-up character than
marking new high limits. Sell* rs do not show any giowir g
disposition to m eet buyers despite the fact that m-wt o f the
m ills m ust he catching up on orders, and the tone continues
quite strong. Tn« ttncer ainty as to the course of prices of
cotton and the fact that the tull*»t advance in manufactured
goods baa not kept pace w ith the rise in raw material are fa c
tors tending to tne exercise o f caution in undertaking new
obligations except fo r the near future, and most important
mills are already covered with orders for som e tim e to co m e .
The print cloth market has advanced l-1 6 c ., and the influence
o f this continued upward m o v -m * n t is !t***-n in va ri-u s a d
vances in the more staple lines o f prints. Staple wore eds for
m en's w ear ate ad v sn rin g . but beyond this the woolen goods
division of the m arket shows little alteration. The general
job b in g trade is m id -r a t e , but ha* a tendency townsd* im
provem ent as retaileiB* supplem entary requirements develop.
1894.
Oct. 13.
41,000
16,000 )
103,000 }
- j to
o
e-
to —
w o t
4C «-*
t o * * €G 4 - t o
t o a s » - ■*
— ; o e s
X
O
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r» r*
c to
a* w
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»-•
— to — r f- to
i— to — — ©
to o
— —•
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t o fO * • —
-4
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Cs
as
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- to « o t o
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b * At o to cjt i— o
00
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— —
— to
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-1
■X t o
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CJ4 to
C — i— - x b *
‘-IS O
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•X -1
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* * * * » X to
u x.
to - 1e - t o x —
to
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— — vs
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— -1
— k O to w -O
— v » o » to
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at —
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— t o *- J — to
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totoos^jp
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— fO Tv
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X
THE
718
S tate
C ity
term s" of
CHRONICLE.
P s ffty T M £ in .
s u b s c r ip t io n '
T he I nvestors’ Supplement will be furnished
w ithout extra charge to every annual subscriber of the
C ommercial and F in an cial Chronicle .
T he State and City Supplement will also be fur
nished w ithout extra charge to every subscriber of the
Chronicle .
T he Street R a ilw a y Supplement will likewise
be furnished w ithout extra charge to every subscriber
of the Chronicle .
T he Quotation Supplement, issued monthly, will
also be furnished w ithout 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—(P er inch space.)
One t im e __ _______________ $3 50 Three Months (13 tim es)..$25 00
(26 tim es).. 43 00
One Month
(4 times).*. 11 OO 8ix Months
Tw o Months
(8 tim es).. 18 00 Twelve Months (52 tim es).. 58 00
(The above term s for one m onth and upward are for standing oards.)
T b e p u rp o se o f tills State and City D ep artm en t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t , In other
words, with the new facts we shall give, tne amplification*
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in tbe
S t a t e a n d C i t y S u p p l e m e n t to as near the current date sp
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.
B rooklyn’s B orrowing Capacity.—According to a state
ment made this week by City Treasurer John D. Kelley,
Brooklyn’s borrowing capacity on January 1, 1894, was
$3,697,150 60, and on January 1, 1896, it will be $2,925,074 10.
Tbe net increase of the city’s debt in 1894 was $1,609,678 27
and during 1895 it will be $1,981,000. In tbe year 1894 the
amount of bonds and certificates issued was $5,688,861, of
which the sinking fund took $4,572,000. There were re
deemed in 1894 bonds and certificates to the amount of
$4,078,682 73. During 1895 the bonds and certificates sold
and to be sold will aggregate $4,454,000. The bonds and cer
tificates redeemed and to be redeemed aggregate $2,473,000.
B o n d P ro p o sa l* a n d N e g o tia tio n s.—We have »• -
eeived through the week the following notices of bonce
recently negotiated and bonds offered and to be offeree for
sale
Asbury Park, N. J.—Bond Offering—Bids will be received
until Oct. 21, 1895, for $10,000 of 5 per cent fire bonds to b e
dated Oct. 1, 1895, and to mature in twenty years, with op
tion of call after five years. Interest will be payable semi
annually on April 1 and Oct. 1. The total debt of the bor
ough is $217,220 35, including water bonds $142,000, road
bonds $15,500, school bonds $52,250 and a net floating debt of
$7,470 35.
The assessed valuation for 1895 is $3,156,325, real valuation
being about $9,468,975.
For further particula’ S regarding the sale o f these bonds
see advertisement elsewhere in this Department.
Ballard School District No. 50. King County, Wash —
This school district will vote a second time on bonds to the
amount of $18,000. A loan for this amount was awarded in
September to Messrs. Morris & Whitehead, of Portland, but
• was rejected on the ground of illegality, as the notice for the
L previous election bad not been posted tbe full length of time
required by law. Tbe securities will be dated October 1,
1895; interest at a rate not exceeding 6 per cent will be pay
able semi-annually, and the principal will mature September
}30, 1915, both principal and interest to be payable at, the
'County Treasurer’s office or at the State’s Fiscal Agency, New
York, at the option of tbe purchaser.
[V o l . LXI,
Tbe total debt of the district is at present $38,000, including
$20,000 of bonds, the remaining $18,000 to be paid from the
proceeds of the above-mentioned issue. Its assessed valua
tion for 1894 was $983,550. The valuation of improved real
estate belonging to tbe district, including school buildings, is
$20,625; valuation of school furniture, $2,100. The popula
tion, according to local figures, is 3,000.
Bayfield County, Wls.—Bonds Authorized.—The people of
this county voted September 18 in favor of issuing $240,000 of
bonds in aid of the Washburn Bayfield & Iron River Rail
road. John Froseth, County Clerk, reports to the C h r o n i c l e
that the securities will not be offered for sale, but will be de
posited with the Illinois Trust & Savings Bank at Chicago,
and delivered to tbe Railroad Company, in six separate lots
each, when a certain number of miles of road are built and
trains running thereon.
Blue Earth City, Minn.—Bond Sale.—On October 8, 1895,
the village of Blue Earth City sold $10,000 of 20-year bonds to
Messrs. Dieiz, Denison & Prior, <f Cleveland, O , for $10,321,
the loan to bear interest at tbe rate of 5 ^ per cent. The
securities are dated October 1, 1895, and interest is payable
annually, both principal and interest being payable at the
Chemical National Bank, New York.
A list of the bids received for the loan is as follows :
A #L//( 4cc//f*
Dietz, Denison A Prior. Cleveland, O., f >r 6 per cent bonds___ $807 00
Dietz, Denison A Prior. Cleveland, O., tor
per cent bonds.. 3 ‘2 i 00
E. H. Gay A Co., Chicago, 111., for 6 per cent b o u d s .................. 781 00
E. H. Gay <fc Co., Chicago, ill., tor 5
per cent b ou d s............... 1 8 1 0 0
N. W. Harris A Co., for 5*v per cent bonds.........................
320 00
W. E. C. Ross, Blue Earth City, Miuu.,t'or 0 per oent b o n d s .... 706 00
C. H. Brown, Mapleton, Minn., fo r 6 per cent bou ds................... 550 OO
F M. McKay, Chicago, for 0 per cent bon ds................................. 500 00
W. J. Haye? A 8on, Cleveland, for 6 per cent bon is ................. 455 00
Mason, Lewis <fc Co., Chie igo, for 6 per ceut bonds . . . . .
.. 4 4 9 0 0
First National Bank, *t. Paul, for 6 ner ceut bon ds.......... ........ 405 60
C. A. Smith, 8t. Paul, for 0 per cent b o n d s ............... ............... 400 00
E. D. Shepard & Co.. New York, for 6 per ceut bon ds............... 3<>2 00
Illinois Trust & Saviugs Bank, for 6 p ercen t b o n d s .................. 300 OO
E. W. Peet & Son, St. Paul, for 6 per cent bonds ..........
268 00
Dr. H on iy F. Ho» t. St. Paul, for « per cent bonds........................ 250 OO
C. Livingston. St. Paul, fo r 6 per cent bon ds......................
22S 00
Mills A Blanch rd. Bostou, for 6 per cent bon ds......................... 217 00
Farson. Leach A Co., Chicago, for 6 per ceut bon ds.................... 212 5 0
F. W. W elcome, M inneapolis, for 6 per cent boDds...................... 200 OO
I. B. Thurman A Co., Chicago, for 6 per cen i bonds.....................
60 OO*
S. A. Keau. ( h ica g o.for 6 per cent bouds ...............................
25 00
State Savings Bank, Sr. Paul, for 6 per cent b on d s.....................
25 OO
B r o o k l y n , N.
Y.
B ond
O ffe r in g .— P r o p o s a ls w ill b e r e
ceived until October 25, 1895, by George W. Palmer, City
Comp roller, for the purchase of $800,600 of 4 per cent regis
tered tax cjrtificaies, maturing December 27. 1895. Payment
of purchase mon-y must be made Octob« r 29, 1895, at which
time the securities will be dited. Interest will be payable at
the date of maturity.
Buffalo, N. Y.—Bond Sale.—It is reported that on October
17, 1895, the city of Buffalo s< Id $77,000 of
per cent
refunding bonds to Joseph E Gavin of Buffalo at 108 0975 and
accrued interest. The t-ecunties are dated Octooer 1,1895, inter
est is payable semi-anually on April 1 and October 1, and the
principal will marure October 1, 1915.
The following is a list of the bids which were received for
the loan:
Bid.
Joseph E. GaviD, Buffalo ................................................................ 103 0975
Dietz, Denison A Prior, C leveland..................................................102*87
Storrs & Smith, New York ............................................................. 102*80
Farson, Leach A Co., New Y o r k .....................................................102 7 6
Roberts A Co.. New Y ork ................................................. ..............10 C62
R L. Day A Co., B oston .................. . ...........................................102*320
Whann A Schlesinger, New Y ork....................................................102*147
F rank.!. Rooth, Buffalo ............ ...................................................... 102*20
Geo. M. Hahn, New Y ork .................... ............................................ 102*13
U. S. Mortgage A trust Co.. New Y o r k ........................................ 102*07
Walter Stanton A Co., New Y ork .................................................... 102*029
The L am prc bt Bros. Co., Cleveland..............................................101*775
Western Savings Bank. Buffalo............................................ ........... 101*44
W. I Quintard, New Y ork ................................................................ 101*29
W. J. H aj es & Co., Cleveland, 0 ..................................................... 101*09
John A. Donaldson, Buffalo.............................................................. 100*97
Daniel A. Moran A Co . New Y ork.................................................. 100 789
Edward C. Jones Co., New Y ork ...................... .............................. 100 67
Camden, N. J .—Bond Issue —The city of Camden, N. J .f
will issue $75 000 of 4 per cent park bonds to the trustees a
the Cooper estate in payment for land purchased.
Cicero, 111.—Bond Litigation —No definite action has yet
been taken by the town « ffi era in regard to issuing $102,411 95 of 4 per cent twenty-year funding bonds, as the matter
is still in the hands of the Court. The securities were offered
for sale on September 29, but an injunction was requested to
restrain the floating of the loan on the ground that a part of
the indebtedness which it is proposed to refund was illegally
incurred.
Cold Spring, N. Y.—Bond Offering—Proposals will be re
ceived until Oct. 25 by Henry Metcalfe, President of the
Board of Water Commissioners of the village of Cold Spring,
N. Y ., for $40,000 of 4 per cent sinking fund water bonds.
The securities will be in tbe form of couoon honds, with
privilege of registration. They will be dated Nov. 1, 1895,
interest will be payable Mav 1 and Nov, 1, and the principal
will ma'ure Nov. 1, 1925. Both principal and interest will
be payable at the office of the United States Mortgage &
Trust Company of New York City. The securities will be
certified as to identity by tbe United Slates Mjrtgage &
THE
October 19 1893. |
T ru st C o m p a n y a n d w ill h a v e o p in io n o f c o u n s e l as to
719
CHRONICLE.
bonds shall he issued, sold and evidenced in the 3am - manner as
legal Suit!
the general bon ds o f the city, except as hereinafter provided. They
shall be a first Hen upon a ll w ater and light appliances and structures
it y e n d o r s e d o n e a c h b o n d .
kind erected, owned or purchased bv said oity, and the amount
The official advertisement o f these bonds will be fou n d else ooff every
indebtedness required in order to secure m id water and ti'jht plants
shall not be deemed to be a part o f the general indebtedness o f the city
where in this Department.
Dayton, Ky.—Buis Rejected.— B, Hayward, City Clerk,
reports t > the C hrontcle mat $9,000 of 8 p^r cent street i m
provement bonds offered for sale October 10 have not been
dispos*d of, the bids having been rejected. Three p ro p o sa ls
w ere received as follow s:
S e a s o n * Matjer. o f 1‘inelnnath O ., oil re»l par.
John Trapp, o f Pas ton. Ky.. offered 101S 9.
B. K ley boltti* C o .,o f Cincinnati. O., offered 102 021.
The securities will be sold privately. Interest is payable
semi-aDnually and the principal will m a m re in ten years.
heretofore referred to as n ot to exceed *> per cent o f the assessed valuation
o f property within said city, but sh ill be held to be a special indebted
ness, and shall be, as bereiuberore stated, a special and exclusive lien
upon all water and limit franchises purchased by said city n wholo or
p a n by said funds —Extract from ' :icy Charter o f the City o f Duluth,
as found in the act of the Legislature o f the State o f Minnesota, entilled an A ct " l o define the boundari s of. and establish a Municipal
Government for Ihe City o f Duluth.” approved March 2, 1887. and
the acts amendatory thereof, being a p a r to f S ection 35, ch ap ter 55,
Special Laws of Minnesota. 1891.
Siijir me Court Decision.—" I f these bonds were not to be considered
as a part o f the general indebtedness o f the city, all relereuoe to the
five i er cent clause w is superfluous and unnecessary. There can be
no doubt but that while these bon ds—undoubtedly for better security
—are made a special and exclu sive lieu unon the plants, they are a
part o f ibe bonded iooebtedness o f the city as m uch as any other
bund*.—E xtract from Supreme Court decision. W oodb idge vs. City
o f Duluth, ft at.. May 11,1894. 59 N. W , page 296.”
E verett, M ass . —Loan A uthorized .— This city w ill borrow
$8,500 for sireet purposes.
D u lu th , Ml m i .—Bond Offering . — Proposals will be re
ceived until Novem ber 11, 1895, by C. E. Ri hardson, City
Clerk, for the purchase of $1,000,000 of 4 p» r c -n t water and
light bonds. Tne s e c u r i t i e s will b - dated Decem ber 2. 1895,
interest w ill be ra ta b le sem t-aonually on January 1 and July
1, and ihe principal will m ature December 2, 1925, both prin
E verett, W a sh .—Bond Issue — The C ity Council of Everett
cipal and interest to be payable in g>ld coin at the Am erican has ordered that $81,900 of 0 per cent bonds be issued to
E icbaD ge National Bank, N ew Y ork. T w o hundred thou Messrs. Moiria & W hitehead , of Portland, in e xch a og e for
sand dollars of the am ount will be delivered December 2. ou 'sta n d in g warrants at par. A bout one-half « f the securi
1895 ; $31.0.000 March I, 1896; $200,000 Ju ly 1, 1898 ; $100,000 ties are payable in ten \tars and the remainder in tw enty
Jar uarv 1, 1897; 1100,000 April 1, 1897. and $100,000 Juiv 1. years. The issue was authorized at an elec ion held June 15
1897. These bonds are part of an authorized issue o f $1,856,P a lm m n h , K y.— Bonds A uthor z e d — Bonds to the am ount
000 voted September 24. 1895
of $15,000 have been voted for w ater-words.
The city’# bonded debt is at present $ 1 ,9 2 0 ,2 5 0 ; floating
Font County, Kan —Bids Rejected. — J. H . Leidigb, County
debt. $397,362 : sinking fund, $45 700 ; special assessment debt,
additional. $68i',748.
i he assessed valuation for 1895 o f real Ch tk, report* to tbe C hronicle that all bids received on
•state is $35,848.886; personal pro(ierlj , $ 4 ,8 1 4 ,4 0 3 ; total, October 7 for the purchase of $55,000 of 5 p r cent 20-year fund
$40,663 379 : estimated real valuation, 888.500,000. The popu in g bonds were rej'Cted.
Fort W o r t . T e x a s .— Bonds A uthorized .— Five per cent
lation, m cording to the State oensua o f 1895, is 59,396.
T he follow ing extracts from the City Charter anil n decision water-bonds to the am ount of $12,000, m aturing J a n u a r y !,
o f the Supreme Court are appended to the City Clerk’s an- 1916, have been t>ut.houz»»d.
t.ounc* ti ent of the bond issue described above;
Dinstniihury 1 mi ti. - Bonds Proposed — Three and one-hall
City Charier—The City o f Duluth t* hereby ao ttio rll,d to t-ote per ci nt refunding bonds o f this city to the am ount i f SlOO.OOO
water and Hutu tonil» to .uob an extent #» way be to ree»«ry for the
j.ni j* ••• of •rr.-iiRir anil m alotaiofott attltaiUe water at ii l«rh> o t « ti, are under consideration
o r lor purchutine any water or lisht plant In operation it, -a t ! . ,ty
t v - F u r o th e r p r o p o s a ls •«« n e x t p u ze.
NEW
LOANS.
NEW
8 1 0 0 ,0 0 0
4 PER C E N T SEWER NOTES
PLAINFIELD,
c:« It 1*0 It A T I O N \ O T IC E .
N E W LOA N S.
8 4 0 ,0 0 0
8 5 0 ,0 0 0
C OL D SP RI NG, N. Y.,
CITY of Mt. VERNON, N.Y.
N. J.
Pntioant to » resolution Adopted bjr tbe Comm*<r»
CofiBdl of lb* eUf o f Plainfield, Xtflr Jersey. at ft
meeUnir thereof held October iMb,
notkw t*
hereby lirtn lh«t the Common CwffldI will meet oo
MnQd$f, October 2WIj Insuint. ftt S o'cburk p m . at
the Cotoxieil Chamber. No. 10© P*rl Avenue. in the
etty o f PtfthrthrtA, » i which time »n4 piece Mid C*»mmon Connell win m tlv e ftiid open sealed pf»ip,e$l*
for forainhin# to the city money.* that m*y lie
needed. not «xn«41ng fKKMMO, for lb* construct k *
o f tbe 4ew*m«re System now tmum tatr* daewd In thft
Mid eft* uodwiwt by virtue of the Ordinance «-f said
city entitled MAn Onfim oei to provide tm the
aruciino of • BywiB o f f i f t t n p , '' ip fro f«d jn h
fifth, l*oi, and other ordinances. reftcMwthmft, wontract* and pr»wwedt.«*» relative t*» tbe UiUolttdloO
or ovnatro- Don of **id oewerasre
Including
moneys to lab© up loam heretofore made by *ata
city la the prerai»mi mM ammyrn u* he leaned on
the iMftaaof the Cllf bswrfiMC i percent latacmt. bav
in# one year to m ». •nbjeet to renewal. to be issued
from time to time in
amount* *» may be «•
OPlfVWh and ft* ftcam ** tbpst* mm issued m contem
plated by the A ct off the lerartUMf# wader which
said &ammw* ir***®* i» 1m m
**id
notes to he
for wild bond* to whalere?
extent raid bond* may he issued. wbtel* bond* shall
bear Inter**** mi the rate o f fowr par cent per awtmm spnwrteal and Interest to he payable in iroidj.
For pirtknfarv as to probable ammird c*f Wtnfteje re*
rodred. bidder* are referred to the record* In the of*
dee of W m y 0*tfc o f tbe city o f Plainfield
Upon receipt of the hid* or im.p««**l* the Connell
will immediately proceed to mmmt the same and
publicly announce the contents In the presence of
the parties biddin#. or their agents^ provided said
parties or *#»Tit* choose to be then and them pres
ent. and al.e •to make proper w o r d o f tbe prices and
tsTtne upon the mhmtes nf the (httSdl
Tbe nnUi t»* reject *«y or all bids is expressly re
served by tbe Vamtaon Council
AH proposal* w w t be endorsed "Proposals f» *r
fumlsbin# moneys to th« dty o f fTaindeid for the
eonstr aeilon o f ifewerage St itpro."
Br order
the Common C«atM0 o f the city of
P tettM A
LOANS.
4 Per Cent Water Bonds.
4 Per Cent H ghway Imp'ove*
genie*! pn>p*vaaift will be te e d ftd by fieriry
Metcalfe, rtv^l c*f the Board o f Water Cwmmlselonment Bonds.
er*. *t hi* uH n in the Town flail. Gobi Sprlrt#.
Putnam County. New V« »rk. up to I f o’clock noon, on
Knoey, October t&, tash, for Ftmr f*«r Cent Mnktn#
A v e r a g e .Maturity O v e r 3 b Y ear #.
l ami Water Bond* of said VUWe. to U»** amount «*f
Ftwty Thousand * Har* BQ.UOui, In dcnomlnillon
of one thousand dollar* *tt,0CM>> each; bonds to run
thirty years, with principal and interest (myahle at
the *idice o f tb«* f'rdtcd Stale* Mort#/u:»- a T pu l Legal Investment f o r New York Savingt
Company. New York City. Interest payable May l»t
Banks.
aiwl Novemlxer L*t- Ib<rt4ft to be o:*upon b«.»nd* with
prlrlle^v nf rewlstration.
BOND* TO HE < KRTIKIKD AS* TO IDENTITY
BY TH R I ’SITHV *1 <TE* *n,ftTGAGr, A
P r ic e and p a r t ic u la r * on a p p lic a tio n .
r r‘ * r ' « » « / m \ r. a n d t o h a v k o p i n i o n o f
ftiUNSW. AH TO I.KOALITY KNDoB^ED ON
BAf II BOND.
Payment o f on rebate money to be made November
U>,
mi which time bonds will be dated.
PropCMMsbi must state price offered and description
of bond de*lred ami be endorsed ** Prop>j«al* for
Bond*."
It \ \ K K K N A N D It I t O K E R S ,
Ibe ri#ht is rewerVad to reject any or all bid* not
deemed for the Interest *>? the VHlfufc.
HKNUV MKTCALKK.
| President Board o f Watftr Comtnissirrners.
84- Broadway, New York.
Frederic Taylor & Co.,
8 1 0 .0 0 .)
New
Municipal
Loans
A S B U R Y PARK, N. J.,
$100,04)0 Tapomn. Wash...................... 5s
100.000 San Antonio, Tex................. 6s
Healed prop* sal* will be rocolred by the Borough
70.000 Town of <ortlandville, N. Y. 4s
of Asbury Park until noon o f Monday. Oct. 21st, 1806,
fnf the purchase of the issue of 110,000 Fire Bond* of
59.000 Fitchburg, Muss ...................4s
5 PER C E N T FIRE BONDS.
the Bormutb o f \sbury Park, o f date October First,
fsps inve-twentlcs}, o f the denomination of 6&00 F a ll p n riicn ln rs ot the a b o v e nnd list of
oth er bonds oflered on npplicution.
each, bswrin# Interest at tbe rate of 5Y per annum,
payable **m»i-aMiaaIly October First and A pril First.
Pr»«p» -*-*!« shmiid be addressed to the Chairman of
the Finam-" Committee, in careofWUllamC.BnrD a tw t. O c to b e r I t , 1HB&
a W A L L S T ., N . TV
JAMMB T. MCMUKBAT. tltr Clerk r»'0#hs. Clerk, No.208 Main street, Asbury Park, N C H I C A G O .
j _ ami be endorsed *’ PropOeal* for Bonds.”
_______
fls
"H. I.nnis HI*ye«r
GEO. F. KllOCHL, Chairman,
... ...
fis
P s r t l s n * . Me-. 1*J y ea r.
8AM UEL W. KlRKBttlDK,
P roridrore,
4*
JA31K4
A. BRADLEY.
!*t- PanI. -2 l-y«*ar
........
•
'• t i s r s p o l l * . l ^ - v e n r .................. . . . . . . . . . . f M a Finance Committee o f the Mayor and Connell of the
r,m
M i l w a a k r e . l 'J «y r a r __
Borrm#h o f Asbury Park.
Is
Y o n k e r s , lf»« y fiir
4s
HI o$ b * rut on. 2 0 4 y r « r .
---------- Ift*
K a n s a s C ity . 3 0 « ] r f « f ......
Farson, Leach 8c Co.,
MUNICIPAL
BONDS.
P n r ttr o la r * on re u d rsf.
N. W. H A R R I S & CO„
BANKER.?,
I W A L L U T ifiK T ,
-
JffcW Y 0 H H .
lames N. Brown 6c Co.,
J
G'Z C c d n r Htreet,
BANKERS,
-
NKWYOHK.
MUNICIPAL. COUNTY, SCHOOL ANI)
T O W N S H I P BONDS
BOUGHT
AND
SOLD.
Street, Wykes & Co.,
44 W A L L
STREET.
-
NEW Y O R K .
THE
720
CHRONICLE.
Harris Connly. Tex.—Bond News.—Jail bonds of this
county for $100,000 have been approved by the AttorneyGeneral and registered with the State Comptroller.
H averhill, Mass.—Bond Offering —Proposals will be re
ceived until October 23 for the purchase of $100,000 of c iupon
bonds. The securiiies will be dated October, 1893, will bear
interest at the rate of 4 per cent and will mature iu 10 years
H 'ghland Park, Mich —Bonds Proposed.—Water-works
bonds to the amount of $40,000 and sewer bonds to the
amount of $60,000 are under consideration.
Houston, Tex.—Bonds Authorized.—Five per cent 40-year
street-paving bonds of this city to the amount of $100,000 have
been authorized ny the Council. The securities will be dated
November 1, 1895, and interest will be payable semi annually
on May 1 and November 1. Both principal and interest will
be payable at the office of the Union Trust Company, the
bonds to be payable in gold coin. Payment of principal and
interest will be provided for by sinking fund. The date of
sale bas not yet been fixed.
Hubbard, Ohio.—Bond Offering.—Henry Holzbach, Treas
urer, reports to the Chronicle that $6,000 of <lectric-light
bonds of Hubbard will be offered for sale next week. The
securities will bear interest at the rate of 5 per cent, and will
become due at the rate of $600 yearly from July, 1899, to July,
1908. These are the bonds issued by this municipality.
Jamestown. N. Y.—Bonds Authorized. —Four per cent pav
ing bonds to the amount of $13,000 have been authorized by
the Council, the loan to mature October 1, 1905.
Five per cent certificates of indebtedness to the amount of
$26,500, maturing at the rate of $5,300 yearly in from one to
five years, have also been authorized by the Council.
Jersey City, N. ,T.—Bonds Authorized. —This city will issue
improvement bonds of $600,000 iu anticipation of taxes.
K ittitas County, Wash.—Bonds Authorized.—Bonds to the
amount of $119,000 will som be offered for sale.
Lancaster, Pa.—Bonds Authorized.—Four per cent bonds
to the amount of $10,000 will soon be issued by the School
Board., These are part of an authorized issue of $10,000.
N E W LOANS
NEW
[V o l . L X I.
Lestershire, N. Y.—Bonds Authorized.—The citizens of this
municipality have voted to issue bonds for the purchase of
the water-works.
le Sueur, Minn.—Bonds Authorized.—It is reported that
this municipality will issue $20,000 of 5 per cent water-works
and electric-light bonds.
London, Ohio—Bond Offering.—Proposals will be received
until November 8, 1895, by JohuD. Redden, Village Clerk, for
the purchase of $15,000 of 6 per cent, electric-light bonds. The
securities will be dated Nov. 8, 1895, and will become due at
the rate of $1,000 yearly from Jan. 1, 1898, to Jan. 1, 1912,
payable at the London Exchange Bank. London. O. The first
instalment of interest will be payable July 1, 1897, and semi
annually thereafter.
Bond Election. — The citizens of London will vote Novem
ber 5 on issuing $40,000 of brnds for the erection of a hall and
public offices.
Louisville, Ky.-—Bond News.—An amendment to the city’s
charter is proposed to provide for ihe issuance of 10-year
street improvement bonds which shall be subject to call at
auy time.
Long Inland City—Bond N ew s-Judge Bartlett of the Su
preme Court has decided the suit between Lucien Knapp,
Treasurer of Long Island City, and Mayor S infer 1 aud the
Common Council, over the issuance of $119,135 75 of revenue
bonds. Mr. Knapp refused to issue the b mds because the
law expressly provides that the proceeds must be used exclu
sively for the purpose for which the taxes them-si-Iv-s had
been intended. His position is sustained by Judge Bartlett.
Newberry, S. C.—Bonds Proposed.—Bonds from $25,000
to $39,000 will probably be issued for water-works.
New Britain, Couu. -Bond O fferin g .-Proposals will be
received until October 24, 1895, at the offije of the B >ard of
Sewer Commissioners, No. 259 Main Street, Room 12, for the
purchase of $25,000 of 4 per cent sewer bonds. The securities
are dated October 1, 1895, interest will be payable semi-an
nually on February 1 and August 1, and the principal will
LOANS
M IS C E L L A N E O U S
$ 1 2 5 ,0 0 0
BONDS MUNI CI PAL
M UN I C I P A L
BONDS.
Rapid Transit Ferry Go.
(New York-Staten Island)
FOR INVESTMENT.
E. C. Stanwood & Co.,
5 Per Cent First Mortgage Cold Bonds
In te r e st P a y a b le W a y aud N ovem ber,
BANKERS,
$ 2 .5 ,0 0 0
P A R T IC U L A R S
UPON
A P P L IC A T IO N .
MHMBER8 OF THE NSW YORK AND BOSTOrSTOCK EXCHANGES.
121 Devonshire Street,
p ay ab le J a n u a r y , 1 8 9 7 , 1 8 9 8 ,
1S99, 1900, 1901.
BO STO N.
CAPITAL STOCK,
f l ,000.000
BONDED DEBT,
650,000
ANNUAL INTEREST CHARGES. 32,500
1892.
1893.
3894.
Net earnings...$102,088 28 *91,247 51
*128,072 20
L I S T S S E N T UPON A P P L I C A T I O N .
Pi ice to net 4% per cent.
S p e cia l C irc u la r on A p p lic a tio n .
BONDS.
C. H . White & Co.,
DEALERS IN COMMERCIAL PAPER.
BANKERS,
Blake Brothers & Co.
»8
5
STATE
N ASSAU
STREET,
ST„
BO STO N ,
NEW
YORK,
$ 4 0 0 ,0 0 0
City of Alleghany, Pa.,
4 Per Cent Water Bonds.
Average maturity about 20 years.
Legal for New York Savings Banks.
Municipal, County and State Bonds
BAN KERS,
3
W AUL
STREET,
NEW Y O R K .
W. J . Hayes & Sons,
High-Grade
FOR SALE B Y
C IT Y , COUNTY AND STA T E
Rudolph Kleybolte & Co.,
B O N D S,
[IN V E S T M E N T B A N K E R S ,
PAYING HIGH RATES of INTEREST
CINCINNATI, O.
We make a specialty of High-Class Securities
suitable for permanent investment.
Descriptive list on application.
D escriptive L ists M a ile d on A p p lic a tio n
W. N . Coler & Co.,
Dealers in MUNICIPAL BONDS,
M U N IC IPA L BONDS
34 NASSAU STREET
B enwell & E verett,
Scbei'incrlioin B u ild in g ,
10
Wall
S tre e t, N e w Y o r k .
SOUTHERN LOAN AND TRUST COMPANY OF
MACON, GA.
J. S. SCHOFIELD, Pres.
H. M. SMI i’H, Sec.
F. O. SCHOFIELD, Treasurer.
This company makes a specialty of handling a lim
ited r mount of the best five-year mortgage loans
afforded by this community. Doing only a small
business in this line, we can select the best. Loans
secured by business property net the investor six
per cent; residence, seven per cent. Principal and.
interest payable at the Merchants’ Exchange Na
tional Bank, New York. Correspondence solicited.
O W A L L ST,
MUNICIPAL ISSUES IN THE STATES OF
NEW YORK & NEW JERSEY
A SPECIALTY.
SPRAIN, DICKINSON & CO., Bankers,
GEORGIA MORTGAGE LOANS.
B A Y K E R S .
BANKERS,
Street Hallway Bonds, and other high made InVestments
BOSTON, MASS.,
C le v e la n d , O hio.
Exchange Place.
3 1 1 - 3 1 3 S u p e rio r St
Cable Address, "KENNETH.”
YORK.
F or In v e sto rs , T r u s t Funds and S a v in g s
B a n k s.
BICE AND PARTICULARS ON APPLICATION.
W h ann & Schlesinger,
72 B R O A D W A Y . Y E W
WAR
R ANTS K NBD
s
COUNTY, CITY AND SCHOOL.
J N O . P . D o l l l t Ai CIO., S e a ttle , W a s h .
THE
Oc t o b e r 19, 1895 .J
721
CHRONICLE.
mature in 30 years, with an option of call after 15 years. This
is part of an authorized issue of $100,000.
New Brunswick, N. J .—Bond Sale.—On October 15,1895,
the citv of New Brunswick sold 165,000 o f refunding bonds
to C. Zabriskie, of Jersey City, at 105 17, the loan to bear in
terest at the rate o f 44£ per cent. The securities are to be
dated November 1, 1895, interest will be payable semi-annu
ally on May 1 and November 1 at the office of the City Treas
urer, and the principal will mature November 1, 1920. Nine
bids were received for the loan as follows :
ties are dated August 1, 1895. Interest will be payable semi
annually on February 1 and August 1 at the office of the City
Treasurer, or at the National Revere Bank, Boston, and the
principal will mature August 1, 1915.
Niagara Falls, N. ¥.—Bond Sale.—On October 11, 1895,
the city of Niagara Falls sold 84.500 o f 4 per cent redemption
school bonds to Isaac W. Sherrill, of Poughkeepsie. Interest
is payable semi-annually at the Hanover National Bank, New
York, and the principal will mature in twenty years. Four
bids in all were received for the loan.
' orth Dakota—Bond Sale—On Oct, 10, 1895, the State of
S. A. Kean. Chicago, offered par for 4>a per cent bonds.
National Bank o f New Jersey offered par for 4>s per cent bonds.
North Dakota sold $38,090 of 4 per cent refunding bonds to
Edwin C. Jones Co.. New York, bid 104-76 for 4*a per cent bonds, Messrs. C. H. White & Co., of New York. The securities are
subject to legality o f securities.
dated July 1, 1895, interest is payable semi-annually on Jan. 1
J. B. Farire dc Bro. bid 96-sa fo r 4 per oeut bonds.
Parson. Leach is Co.. New York, bid par and #101 premium tor 4 Lj and July 1, and the principal will mature in 20 years ; both
per cent bocds.
principal ond interest to be payable at the Chemical National
Bet well 4c Everitt bid 103-85 and accrued interest for Its per cent
Bank. N. Y.
bond*.
Three other bids were received for the securities as follows :
E H. Rollins A Sons, Boston, bid 102-01 and accrued interest for -1**
per cent bonds.
Storra A sm ith. New York, bid 102-07 and interest for 4 Hi per cent
b ir d s.
C. Zabriskie. Jersey City, bid 105-17 for 4>a per cent bonds.
■Bid.
Edward C. Jones Co., New Y o rk ............................................................ 1011,
8. H. Kean A Co., Chicago............................................ .......................... 100%
Tkels A Bawoll, Spokane..........................................................................101%
New Haven. Conn.—Bond Offering.—Proposals will be
received until November 1, 1895, for the purchase of $125,000
of 4 per cent school binds, the loan to ruu 39 years.
New Haven County. Conn.—Bond Offering.—Proposals
will be received until October 28, 1895, at the office of the
County Commissioners for the purchase of $150,000 of
per
m u coupon bonds. The securities will be dated November 1.
1895. interest will be payable semi-annually on May 1 and Novem her 1 at the office of the County Treasurer, and the prin
cipal will mature November 1, 1915, with an option of call at
any time upon payment of 2 per cent premium, both principal
and interest to be pavable in gold. Bonds may be registered
if desired by the holder.
The county has at present only a floating debt of $35,000.
Its assessed valuation ia over $109,000,000.
Newton, X uuk—Bond Sale.—It <* reported that on October
11, 1895, the city of Newton sold $75,000 of 4 per e,-nt coupon
school-house bonds at 108-67 and accrued interest. The eecuri-
Phi ladelphl i. Pa.—Bond Sale.—Bids have been received
during this week for $834,300 of the 3 per cent city loan,
which has been offered at par in sums of S100 or multiples
thereof. The tubecriptions received on Monday, the first day
of ihe sale, amounted to $376,660.
The bonds will be exempt from all taxes, interest com
mencing July 1, 1895, will be pavable semi-annuilly on Jan. 1
and July 1, and the principal will mature at the rate of $60,000 yearly from December 31,1905, to December 31, 19J4,
S ttlement in full must be made with the City Treasurer
w ithin ten day* after the subscription is made.
Plaicfleld, N. J.—Seieer Notes.—The Common Council of
Plainfield, N, J., will receive bids until October 28th for the
purchase of 4 per cent one-year sewer notes of the city not to ex
ceed $100,000 in amount. The notisare to be subject to renewal
and will be issued from time to time in such amounts as may
CHICAG O .
Loeb
&
4. O. SLAUGHTER. Member N. Y. Stock Sxchang*
WM. V. BAKER. Member Chicago stock Exchange
A. O. Slaughter & Co.,
B A N K ERA,
1 1 5 -1 1 7 I.A HA1.I.K M TRKKT.
HAVEN
01 B ron iiw n y , N ew Y o r k .
M E M IS E K *
OP
TU B
N.
V . STOCK
EXCHANGE*
Receive Account* and Deposits of El mi#, Indi
vidual*, etc, and allow interest on dally balance*.
Buy acid »ell for r#u*h or carry on margin at iow«**t
rale** o f U>tere*t on the New York. Philadelphia,
Be*too and Chicago Stock Exchange*. Stock*. Bond*.
Groin. Cotton, etc.
BUAXt II OFFICE: HOFFMAN HOUSE.
^.c/Dl>.fC3)e^CCo
18
B A N K E R S,
.S T R E E T , N E W
VALL
C H IC A G O , IL I . f i .
C k l w n g M . r t i t * . B o u g h t R od M .ld .
FINA N C IA L.
h o w a r d .-a . h a v e n .
HOLMES & CO.,
MORTHAHK BANKERS,
Fim MortKWM tor «*3« In large and «m*li amount*
netting investor*
6 pair owit, M nr«d by
improved and income* bearing Chicago city property.
P rin cip a l and Intercut p a r a b le la G e ld .
CORRESPONDENCE SOLICITED.
F o r o ilie r p r o p o s a l* ir e n e x t p a g e.
FINANCIAL,
Gatzert,
12* L A 8 A L L E S T R E E T , C H IC A G O
t y
K .la b ll.liv d
YORK.
MEMBERS OF NEW YORK STOCK EXCHANGE.
Allow tni«TMt on d.pnatu anbleot to .1. lit cliKk.
(rjrcoaroaarxD)
COMMERCI AL PAPER
tne c u
b t i f o n m a r . in . a n d d e n i t n
Investment Securities.
A. M. l i m m
II. J. Mom*.
Fred. H. Smith,
b o n d s
rB aju ™ Ar o 7 : ^ "r
C I T Y , MASON, L E W I S * CO., Bankers
COUNTY,
1T1 LA SALLE STREET,
S C H O O L, sKNij t o r l i s t - C H IC A G O .
197
D E A R B O R N H T R E E T,
C h i c a g o . I I I *.
Private wire u> New York and Philadelphia.
I. B. Thurman & C
Uiyh&ft (jhrtfle. Municipal and Railway
Bonds Bought and Sold.
Harriman & C o .,
E Q U IT A B L E B U IL D IN G , N E W Y O R K
BANK BBS AND BROKERS,
Gilman, Son & Co.,
N o . 6 2 C E D A R |ST11E E T,
CLAPP
&
HENRY E. M O N T G O M E R Y ,
COMP ANY
BAN KERS,
NEW Y O R K .
M IL L S BU ILD IN G ,
SO LIC IT OBDBfvb
IV
s*rA fk *. r o llo n . G rain and P ro vU lon *.
Branch Office*:
277 Broadway, (Corner Chambers Street.)
621 B r o a d w a y . ( C a b l e B n i l d i n g , c o r . H o u s t o n . )
7 5 3 F i f t h A v e . . cor. 5 8 t h S t - ( u n d e r P l a z a B a n k .)
D E P O S IT S R E C E IV E D 3 t IN T E R E S T A L L O W E D .
M l N I< I PA L
AN D
K A I l.R U A D
BONDS
A n d n il l.n e a l N e o n r lt ie e
I lo tm h t a n d
g o ld .
B A N K E R S,
82 3 n o X A D X O C K , f IISCAG O , I L L .
Member* of the Coneolldated Exchange
*ru. M. Hakrim an . Member N. Y. Stock Exchange
' u t k H ah uiran , J r. Nicholas Fish, Special
N o. 8 H liO A D S T R E E T , N K W Y O R K
STOCKS AND BONDS.
Member* New York end Chicago Stock Exchange*.
NEW Y O R K .
Bay and Hell R a ilr o a d S tock* and Bonds
on M a rg in o r fo r Cnnb a t l*16 th
per cen t CoinmlaMlon*
I n a d d it io n t o a G e n e r a l B a n k in g R n t ln e t * . B a y
•iiu S ell G o v e r n m e n t B o n d s a n d I n v e s t m e n t S#*
so t it le * .
HARGIS ACCOUNTS SOLICITED.
INTER BIST ALLOWED ON BALANCES.
4 arkat Letter on Application. Correspondence
Invited. Established 1868.
o f Unlisted Securities and Traction
AU
Stocks Bought and 8okL
S T O C K S - B O S DS,
8ROKERS,
I E xch an ge C ou rt,
b a n k e r s ,!
Ch a a d . Ma r v in ,
w . m . Kiunca.
151 La Salle S t , Chicago, I I I .
Jamieson & Co.,
STOUT,
ranted a General Banking and Stock Exohang*
Bat Inset.
1865.
S o r » n d M U ->n v o m in i ..t o n s t o c k . u i d b o n d . e it h e r
A. G. Becker &. Co.,
&
rtB A N K E R S AND
w e ig h t c. s to u t
NEW YORK, BR OOKLYN AND JER
SEY CITY B O NDS A SPECIALTY.
W, E. R. S M IT H ,
16 b b o i P &TBB8T> - HKW YORK
BROKER.
34 New Street, New York
HTOfJKH. BONDS A N D O R A I *•
B o u g h t a n d Sold for C a s h or o n Margin at.
CommlMion.
C« rreepondeace Solicited.
1 -1 6
Simon Borg & Co.,
N o . 2 0 N A S S A U S T ., N E W Y O R K .
D * A X * B S I S A M , K IN D S OF
Railroad and Investment Securities,
BO U TH M IN S e C D B IT irR A S P E C IA L T Y .
M O R T G A G E LO A N S
TEXAS.
In tered t 7 F o r C ent Not.
NO COMMISSIONS charged borrower or lender
until loans have proven good.
F R A N C IS S M I T H & C O ,
WAN A N TO N H fc I T M A S ,
THE
722
CHRONICLE.
be required. The notes will be exchangeable for 4 per cent
gold bonds when the latter securities are issued.
Ihe official advertisement o f the City Clerk, James T. McMurray, will be found elsewhere in this Department.
Richland County, N. 11.—Bond Sale.—On October 8, 1895,
the county of Richland sold 845,000 of 5 per cent bonds—
$15,000 running 10 years. $15,000 15 yeais and $15,000 20
years—to the Farmers’ & Mechanics’ Savings Bank of Minne
apolis, Minn., for $47,401 and accrued interest. Four bids in
all were received.
Rockbridge Comity, Va.—Bond Election.—The people of
this county will vote on the proposition of issuing court-house
bonds to the amount of $30,000.
Santa Rosa. Cal.—Bond Safe.—Water-works bonds of this
city have recently been sold.
Sandusky, Ohio—Bond Offering—Proposals will be re
ceived until November 2. 1895, by A. W . Miller, City Clerk,
for the purchase of $19,500 of 5 per cent refunding sewer
bonds. The securities will be dated November 1, 1895, inter
est will be payable semi-annually, and $3,000 of the principal
will mature in 2 years. $5,000 in 3 years, $2,000 in 4 years,
$6,500 in 5 years and $2,500 in 6 years from date. Both prin
cipal and interest will be payable at the City Treasurer’s
office. The city’s indebtedness at present consists of $219,000
of water-works bonds; $8,000 of market-house bonds; $127,000 of street improvement bonds; $6,500 of buildiDg bonds,
$146,000 of sewer bonds and $75,000 of dock improvement
bonds-; total, $581,500. The assessed valuation is $7,000,000;
estimated real value, $18,000,000. The tax rate (per $1,000)
for 1895 is $31-50. The population, according to local figures,
is 20,000.
Sedalia, Mo.—Bonds Authorized.—This city will issue bonds
to the amount of $211,500, to refund its existing bonded in
debtedness.
Sharon Mass.—Bond Offering—Proposals will be received
by Sanford Walters Billings until October 28, 1895, for the
purchase of $21,000 of 4 per cent water-works bonds, the loan
L o n g d is t a n c e T e l e p h o n e :
‘r 114 O O RTLAN D T.”
Haight
C a b le A d d r e s s :
“ R U D E R A T IO N , N . Y . ”
& Freese,
Bankers & Commission Stock Brokers,
53 B R O A D W A Y. NEW YO R K .
8 5 S T A T E S T R E E T , BOSTON.
S T O C K S , B O Y D N A N D G R A IN
B o u g h t a n d S o ld a t 1-16 C o m m is s io n .
S p e cia l a tte n tio n g iv e n to out- o l'-tow n a c
co u n ts.
TRANSACT
A
GENERAL
STOCK
EXCHANGE
B A N K IN G
B U S IN E S S .
AND
INVESTMENT BONDS.
A c c o u n * s o f B a n k s, B a n k e r s a n d I n d iv id u a ls
r e c e iv e d o n f a v o r a b l e t e r m s .
N A T IO N A L B A N K R E F E R E N C E S F U R N IS H E D .
U P T O W N O F F IC E . 1 1 3 4 B lU iA D W A Y .
C. H. Van Buren & Co.,
B A N K ItS A N D B R O K ttS ,
62 BROADWAY, NEW YORK.
And
to mature at the rate of $1,000 yearly from October 1, 1896, to
October 1, 1916. The securities will be dated October 1, 1895,
and interest will be pavable semi-annually on April 1 and Oct
ober 1 at the National Exchange Bank of Boston.
Spring Grove, Minn.—Bond Sale.—Water-works bonds of
this village to the amount of $3,000 have recently been sold.
Sweet Grass County, Mont.— Bond Offering.—Proposals
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 cont coupon bonds, interest will
be payable semi-annually at the office of the County Treas
urer or at the First National Bank, Ne v York, and the prin
cipal will mature in twenty years, with an option of call in
fifteen years, both principal and interest to be payable in gold
coin.
Talmage, Neb.—Bonds Authorized.—It is reported that this
municipality will soon issue bonds for water-works.
Thompsonvilie. Conn.—Bond Election.—The people of
Thompsonville will vote to-day on issuing bonds not to ex
ceed $50,000.
Trey, N. V.—Bond Offering.—City Comptroller James W.
Coffey will receive proposals until October 25 for $25,000 of
3J<2 per cent street extension bonds. The securities will be
dated November 1, 1895, interest will be payable on May 1 and
November 1 at the City Chamberlain’s office, and the princi
pal will mature at the rate of $5,000 yearly from November 1,
1900, to November 1. 1904, both dates inclusive.
The Det funded debt of the city on March 1, 1895, was
$1,112,750 23, and the net water debt (principal and interest of
which is fully provided for from the income of the water
works) was $268,537 50. The city has no floating debt. The
assessed valuation of real and personal property for 1895 is
$47,958,787 74 and the tax rate per $1,000 is $14.
Webster County, Iow a.—Bonds Authorized.—Bonds of
this county will be issued for a new court house.
Youngstown, Ohio.—Bond Offering—Proposals will be re
ceived until November 11 by J. Howard Edwards, City Clerk,
for the purchase of $20,000 of road bonds.
M IS C E LLA N E O U S .
M I S C E L L A N E O US.
STOCKS, BONDS,
H i g h - G r a d e I n v e s t m e n t S e c u r it ie s .
C ir c u la r L e t t e r , in c lu d in g lis t o f s e l e c t e d B o n d s ,
M a ile d F r e e .
N IT E D S T A T E S C IR C U IT C O U R T . F O R T H E
S o u t h e r n D is t r ic t o f N e w > o r k .—B e n ja m in M.
U
F o w le r , J . G . Z a c h r y , E liz a b e t h G a r n e t t a n d H e n r y
P . M o r g a n (t h e t w o la s t n a m e d b e in g in t e r v e n o r s i ,
c o m p la in a n t s , a g a in s t T h e J a r v is -C o n k lin M o r t g a g e
T ru s t C om p a n y , d e fe n d a n t.
W h e r e a s , I h a v e b e e n a p p o in t e d b y o r d e r d u ly
m a d e a n d e n t e r e d in t h is c a u s e a s S p e c ia l M a s t e r t o
t a k e p r o o f s o f t h e in d e b t e d n e s s o f t h e d e f e n d a n t ,
t h e J a r v is -C o n k lin M o r t g a g e T r u s t C o m p a n y , n o t ic e
is h e r e b y g iv e n p u r s u a n t t o s u c h o r d e r t h a t a n y a n d
nil p e r s o n s h a v in g c la im s a g a in s t t h e sa id c o m p a n y
a r e in v i t e d t o a p p e a r b e f o r e m e , a t m y o ffic e . N o . 29
N a ss a u S t r e e t , in t h e C ity o f N e w Y o r k , o n t h e 1 2th ,
1 4 th a n d 1 6th d a y s o f N o v e m b e r , 1895, a t e le v e n
o ’c l o c k in t h e f o r e n o o n , t o m a k e p r o o f o f t h e ir
c la im s .
W h e r e c la im s a r e p r e s e n t e d b y a n y p e r s o n s o r c o r
p o r a t io n s c la im in g t o a c t a s a g e n t s , a t t o r n e y s o r a s
s ig n e e s o f d e b e n t u r e h o ld e r s , g u a r a n t e e d m o r t g a g e
h o l d e r s o r o t h e r c r e d it o r s , t h e y w ill b e r e q u ir e d t o
e x h i b i t t o m e o r file w it h m e s a t is fa c t o r y e v id e n c e
in w r it in g o f t h e ir a u t h o r i t y t o a c t in t h e p r e m is e s.
C la im a n t s w h o d o n o t a p p e a r e it h e r in p e r s o n o r
b y a g e n t o r a t t o r n e y m a y s u b m it a s t a t e m e n t o f
t h e i r c la im in w r it in g , d u ly v e r ifie d b y a ffid a v it , a n d
c o n t a in in g t h e n a m e a n d a d d r e s s o f t h e c la im a n t
a n d a d e s c r i p t i o n o f t h e c h a r a c t e r o f h is c la im .
W h e r e v e r t h e n a t u r e o f t h e c la im a d m it s , t h e p r o o f
o f c la im m u s t a ls o s e t f o r t h t h e a m o u n t o f p r in c ip a l
a n d in te r e s t , s e p a r a t e ly s t a t e d , w h ic h w a s d u e t h e r e
o n a t t h e d a t e o f t h e a p p o i n t m e n t o f t h e r e c e iv e r s ,
n a m e ly , t h e 2 8th d a y o f S e p t e m b e r , 1893. S u ch
p r o o f s m a y b e s u b m it t e d a t a n y t im e u p t o a n d in
c lu d in g t h e d a t e o f t h e la s t h e a r in g , n a m e ly , t h e 1 6th
d a y o r N o v e m b e r , 1895.
D a te d N e w Y o r k , S e p t e m b e r 2 8 ,1 8 9 5 .
(S ig n e d )
C H A R L E S STEELE.
S p e c ia l M a s t e r .
FOR SALE.
Agents Wanted
1 ss
B y a F IR S T - CLASS C O M P A N Y .
f ir c l
L IB E R A L C O N TR ACTS.
U N E X C E L L E D P O L IC IE S
INCORPORATED 1848.
Union Mutual
Life Insurance Company,
P o r t la n d . M a in e .
Address either:
EDSON D. SCOFIELD, Supt.,54 William St.,N.Y.Clty.
THORNTON CHASE,Supt.,84 Adams 8t., Chicago,111.
AUGUSTUS
I860.
IN T H E C I T Y O F N E W Y O R K .
This old andlreliable Company now has the exper
ience of forty-five years of practical Life Insurance,
which has taught it that the sine qua non of success
Is the adoption of good plans of insurance, and the
pursuit of a liberal policy towards both its Insured
and its Agents. These essentials it possesses in an
eminent degree, but judiciously tempered by that
conservatism which is the best possible safeguard of
the policy-holder. Its contracts are incontestable
after two years. They are non-forfeiting, providing
generally for either paid-up policy or extended in
surance, at the option of the policy-holder. It gives
ten days of grace in payment of all premtums. Its
course during the past forty-five years abundantly
demonstrates Its absolute security.
A c tiv e a n d s u c c e s s f u l A g e n t s , w i s h i n g to r e p
r e s e n t th is C o m p a n y , m a y c o m m u n i c a t e
w i t h th e P r e s i d e n t a t th e S o m e O ffice,
2 6 1 B r o a d w a y , N ew Y o rk ,
OFFICERS
G E O R G E H . B U R F O R D ................ P resid ent
C. P. FRALEIGH.........................................Secretary
A. WHEELWRIGHT................ Assistant Secretary
WM. T. STANDEN................
Actuary
ARTHUR C. PERRY...................................... Cashlei
JOHN P. MUNN.............. ..............Medical Director
FINANCE COMMITTEE:
GEO. G. WILLIAMS............. Pres. Chem. Nat. Bank
JOHN J. TUCKER........................................ -Buildei
E. H. PERKINS, JR,, Pres. Imp. & Traders’ Nat. B’l
JAMES R. PLUM.......................................... Leatbe
CHRONICLE VOLUMES.
A second-hand set from 1880 to date in good order
P O O R ’S M A N U A L
COMPLETE SET.
APPLY TO
W IL L IA M B . D A N A COM PAN Y,
AMZI DODD, President.
Assets (Market Values) Jan. 1,1895.......
Liabilities (N. Y. and Maas. Standard)...
IN V E S T M E N T
S g C U R IT IE S .
4 5 lix c lia u tio JPlacp, N8W
Y ork.
R . T . Wilson & C o.,
3 3 W a ll
COMMISSION MERCHANTS
JffiW Y oyk?
6 ,7 2 8 ,8 8 7
POLICIES ABSO L U T EL Y NON-FORFEIT A B L E A FTER
SECOND Y E A R .
In Case of Lapse t h e Policy is c o n t i n u e d i n f o r c e
as long as its value will pay for; or if preferred, a
Cash or Paid-up policy value is allowed.
After the second year Policies are i n c o n t e s t
a b l e , and all restrictions as to residence, travel or
occupation are removed.
The Company agrees in the Policy to Loan up to
the Cash Surrender Value when a satisfactory as
signment of the Policy is made as collateral security.
L o s s e s p a id im m e d i a t e l y
a p p ro v a l o f p r o o fs .
upon
c o m p le t io n
and
A. Strassburger,
76X* P IN E S T R E E T . N E W Y O R K .
BANKBRB AND
,1 5 5 ,6 6 4 ,3 8 8
5 1 ,8 1 3 ,8 5 3
, 3 ,8 5 0 ,5 8 5
Surplus, by former N. Y. Standard, (Am.
Ex. 4 per cent Reserve).......................
3 * P IN E S T R E E T . N E W Y O R K .
A. E. Hachfield,
1895.
The United States Life
Insurance Co.
The Mutual Benefit
FLOYD,
S EC URITIES ,
M IS C E LLA N E O U S .
L I F E IN S U R A N C E C O ., N E W A R K , N . J .
DEALER IN
IN V E S T M E N T
rV 0L. LXI.
STOCK S & BONOS B R O K E R ,
So
u t h e r n
in v e s t m e n t
s e c u r it ie s
lyjontoromarv, Ala,
,
@FedFRASER