Full text of Commercial and Financial Chronicle : October 5, 1895, Vol. 61, No. 1580

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REPRESENTING TH E IN D U STR IA L AND COMMERCIAL INTERESTS OP TH E U N ITED STATES.
(E ntered according to A ct o f Congress, In the year 1895, by tbe Wil lia m B. D ama C omp an t , 1b the office o f the L ibrarian o f Congress.]

VOL. 61.

SATURDAY, OCTOBER 5, 1895.

% !ie

T h e w e e k ’s t o t a l f o r a ll cities s h o w s a g a in o f 19*5 p e r c e n t
o v e r 1894, th e in c r e a se o v e r 1893 is 29*3 p e r ceDt a n d th e loss
fr o m 1892 is 8*9 p e r c e n t. O u tsid e o f N e w Y o r k t h e e x c e s s
as c o m p a r e d w ith 1894, is 10*7 p e r c e n t , th e g a in o v e r 1893 i s
24*7 p e r c e n t , a n d th e d e cr e a s e f r o m 1892 r e a c h e s 4 T p e r c e n t .

C h r o n ic le .

PINE STREET, N. W. CORNER OF PEARL STREET, N. Y.

C L E A R IN G H O U SE R E T U R N S .
F o r th e m o n t h o f S e p te m b e r a n d t h e n in e m o n th s th e e x h ib it
is as f o l l o w s :
September.
1895.

1894.

|p. a .

1896.

So »ton........ .
36S.7S3.29i; 3O7.960.Mf->
Providence...
19.220/00! 20,31*. 400
7.457.757 **11*5
Hartford.........
5.401.022 • *11
6.816.HSaw H i m . . .
5.1 56,103
5,863.717;
Bprtngfield . M.
S /8 V 7 «4
Woroeeter......
5 ,0 3 7 /»
5.492JH4
Portland.___ _
2/M \o37 . . .
<364,14l'
rail River.....
2. «4&2$»i 2J506.-V3 -3*S;
Lovail------ ...
l.aa»,4?6 4Stw
Sfew Bad ford. J . 7 I W U
Total M. Baa I s l m m m r S4M01.W1 t*20'4 4JCMO» !.:

New York..........
Philadelphia....
Pittsburg.......... .
Baltimore.........
17.528. ‘ 08,961 +28*1
a. 197.93* 183 4-15*3 Buffalo...............
498.733.599 +2*3 Washington......
1*0.394,279 +12-3
, „ Rochester.........
m.a«8.06» [4-12 0 Syracuse............
6*1.11*628,4-15*7 Wilmington.......
54,970.461 f 7*2 Scranton........
31,-98.0ifl+18*8 Binghamton....
26,995.421
Total Midlla.
1894.

+15-0
15 0
+140
+7*1
+ 15*1

+H*0

+4*7
+4*8
+ 4-0

Tacoma .........

Loe Angeles..
Helena...........
Spokane.........
Aioox Pail*....
Fargo.. . . . . . . .
Total Pacific

4/27,0* 41

2,170/97
2,274,893!

'
fjpQMSm
1.697,4,0
3.7,747
> 60/68

78372,194;

Banna* CityMinneapolis,.
Omaha.. .
fe, Pan I. . , . .
P k ir ir .... ..
Duiath.......... .
St, Josepk ...
Sioux City ...
Don Moines .
Ltoooln..........
Wichita . . . .]
Topeka..........
r ramout.........

40,219,200
36.40 .321!

T o t - o tn * r w .

1 4 1 .4 2 0 .7 5 0 1

fit- L o u is
N e w O r t e a n a ..
L o a ls v tiia ^ . w
© a l v a a t o a .........
H o u s t o n ...........
R i c h m o n d ....
to rsa a s> . . .
M e m p h i s ^ .....
A t l a n t a ......
N a a b r lile . . . .
D e lia s ............
N o r f o l k .............
W a o o . ............
r o n w o rts, ,
B ir m in g h a m .
J a c k s o n v i l l e ..
€ h a U s m o o g a ..

ISAM 7,731

16/36/37
10,65*212
*9/60,000
MB7/00
2.CM/1?
3/93,4001
L2SUH+
1 /4 0 /* 4

i.7*I\2l8]
236/07

1 L Z 0 G /4 9
8 . M L 70 0
1 0 3 7 6 .J K
A 6 6 5 .I U
5.011.9.51,
3,4 «U W W
4 /H 2 .4 3 1
» .n i ^
JLW0,vB5i
A A iA fie© !
1 /7 4 .7 3
660303;

38,740,151 +3-8'
29.74 %.<m ^22*4‘
17,074*679 - r o
M.fl**,687 +6V10,474.732 +1*7!
10,7.11^60 - i m l
6,488,7 U +t*t
2/X* .452 -ir*l
4,151.706 -ia*4
1.0*«.l Ar -23-0,
(/SI/SO - mi ;
1.664.108
207.161 11*8

6.706.95 2
710,001.346

SMJBMXSI
288,681,152

v t o jm jw

153.731.8J 3
101.7* 1,22*
72 OW).»bO

SLSac.OlM
19,0? 5,260

*0.088.367
12,r* 4,824
10,957.012
10.6e5.336
8,474.991

914.094.229

HI+9T0/72

2.43.4' 9.121 [
88.426+901
84 JM5.786
90,3*1,887
74.951+07
62.287,524
12,435.247

SS.anO.O?'’

*5.371.918
86,455.8? fi
31,470.8541
27.288.712
18.651,595
19,72*, 116
8.859.950
113.615,599

Halifax
TTlnnlpat .. ..
Hamilton... ..
Tot. Canada

4.100.000

2.7(M^T2:1
'79396357:

46/55.319; -»*4|
20.07 a 70 7; +12*31

4213JU.885

2I7336.1D 1
44.468001
37.W19.760
24.286 701
740384.737

72,791.961
4,139,500
1.879/90
1.404.472
1,104,701
1,061,919
1.134,571
532.384

643/87

300,0-0
85.047,671

+9*0
+ 0*0

-

12*6
+s*s

-+0*4
+10*7
—1*9
+25*4

+20*8

+26*0
+14*0
+17*0
+24*4
+11*5
+15*0
+ 12*8
—2*7
+40*9
+20*5

1893.

Kansas City..........
Minneapolis..........
Omaha...................
St. Paul.................
D e n v e r..,,...........
8i, J o sep h .........
Sioux City............
Des M oin es........
Lincoln................. .
Wichita.................
Topeka. . . . . . . . . . . . .
Fremont...... ..........
Hastings...... ..........
Davenport*............
Tor •-♦berWest.

9.109,171
9.467.828

8.888,759
9.835.409
3.993,846
3,717,sm
2,205,733
1,180,100
510,938

+2*5
—3*8
—3*4

42.d86.220 t6*8

1,416 — 6 8

348,587.341 +7*8
206X57.248 + 13*8
1 8 0 X ^ 2 2 3 -25* 7
126,669325 + 20*6
10»,7I0,781 +0*03
79.550,40' —9*6
66.443.812 - 9 2
*4401,428 —20*9
—0*4
38
!6.6'28,4f*l —24*1
16,940,149 +7*0
16,469,685 —9*7

3,151.2-3

-

21*0

St. Louis................
New Orleans......... .
8tS.38l.451 +1P0 Louisville............
295.3*1 ‘,782 +o*o Galveston...............
233.027.020 + 0*2 Houston................
78.820.063 ♦12*2 Richmond...............
72,7 06.: W5 + 10*0 Savannah...............
8433+561 +7*2 Memphis.................
66X42,710 +14*4 Atlanta............ ....
6o318,154 +2*4 Nashville................
S7.«24379 +13*4 Dallas......................
34.025,120 + 1*8 Norfolk....................
42,182,153 +7*0 Waco.......................
34354.424 +3*8
..... Fort Worth............
21.56H.264 +45*9 Birmingham...........
23.9i8.71u -13*9 Jacksonville..........
11.5IM.117 +18*2 Chattanooga...........
14,591,4X7; —12*8 Augusta......... ...
7,613,271 j +17*9 Little Rock*...........
Total Southern..
II
--•!»

- I/-'!

Total all.............

!UM8383,£ft +9*3

812-2

Outside N. York.

391.082.957!
2v2.60d.224
4S.4»0.7i3;
32,008.748
2*. 223.646
694,919,517!

* BtUmalhd.
W Par >*fele e l e !e a r!u * a hr telearapki eee P a ce 3 9 6 .

+7*0
+7*5
+2*4
+2*8
-3*7
+6*0

3359*480

3/09,557
2,307,030
1,268,000
*47,668
917.994
208,797
808,014
466 678
56,841
07,368
1.243,7X6
32,401,211

420,625,040
52,990,393
9,010.260
11.060,817
3.385,273
1,077.987
1,147,864
641.395
050,899

013,279,906
08.861,174
14,189.585
13,618.611
4.820.4C9
L.931.839
L504.217
806,874
869,802

277,700
501,467,724

719/06,737

05,510,814
3,972.000
1,032,708
1.270,340
1,099/82
932,620
1.188,109
540,232

500.888
309.405
76.97L824
78,998,189
9.992.100
3 .874.414
4,545.924
3 . 833,866
2.387.800

83,029.344

+3*2

260.083. +11*0!
3,121.690 —23*3
M Ji N i
138.545.589! +4*t; l.t3D.*|M>r7; 1,219,170.203 +0H
84.766,091 + IM*U
31340506 +5*9;
1O.10U.3551 + 22 *0 !
12.360,0 H; -6*4
8.627,218! - 2*2
10J681.006
5.22S4AO’ —10*7
3.6V0.971! +45*8
3.389/38
4.834/34 i +3*1
3,484,3* 5| +3*6
2,710,360 -4*5
+ 4*2
1.199.047 +27 1
R 540! ♦ 2*8
744,337 + 3 1 /
_ 1
. D.l,575j +0*6

87.940.493
5,173,400
2,154,003
1/13.785
1,449,022
L I 78.024
1.304,660
000,007
625.000
449.715,
102,513.316

529,900.809

+ 8*0

-13*2
-14*5
+ 19*1
+19*8
-3 3
+I7-S

2.252.0 >5

14.0* 1.63a

3,999,364
1.428.293
1,321,817
853,241
675,350
834.749
289,800
064,548,000

+27*4
+ 17*3
+19*9

18,994,900;
1,170,337
1,000,130;
438,070
672.881
609,833
614,297
270 806
76.483
1 3 2 /4 '“
19,070,790

400,46* -35"?
936.730 +£fl
76.70o.5ca + t ^ j

l.2s5, m +ao-gi

11.1*7.336!

439,191,404
57,961/00
12,813.240
11,007.090
3,069,080
1,339,884
1,509,021
783,981
072,629
755,012
294.800

110,281.349

20.7-6,113 + 1»
33.076.220 +3CT7
*2,211,406 - 0*1
10,14*2,581 +38*0
l.r-ae.f'M -51*4
MS 3WS 12*5
" 67M.29H.44')

48,(25X40
22.182^ 10

559.087/03
68,207.713
15,241/00

12 144 156
LCUO.O00
1.268.730
524/01
553,9/2
990.411
091.459
330.739
69,010
202,660
17,771,731

tl.10U.MO

T o t » l S o a tb .
T o t a l a ) ] ......... 4 .1 X 1 . A O «ie>.A
.TSo^iiw + 1»4 [38.263.730/^7
N . Y . L 8 f ,a * .y .f i o * tL,60 5," 4 - / 7 7 1 + * / } 16X79,661,1101

45351/18
t*M X ti 4.694/^8

1895.

P. Cent.

San Francisco........
Portland...... ..........
Salt Lake City.......
Seattle.....................
Tacoma..............
Lo* Angeles...........
H e le n a ..............
Spokane.................
Sioux Falls.............
Fargo...... ...............
Total Pacific......

488,009.477 + 2 8
48,1^.545 +11 1

O u ts id e

Montreal......
T oronto. . . . . .

1894.

83,388,194
11,532.250
4.4 09,199
5/49.162
5 0 17 /14,
3.591,4* 0
1,032,390
1,375,059
727,067
285,200
340,174
351.089
338,430
168,909
146.561
207,868
224,277
1.187.206
120,045,849

496/93.406
i : t . : i -■
44.910.329

SMSdjon + 10^
2 9 .g fi.L M l
23 v10 7 .1 itM!

1895.

Chicago...................
Cincinnati..............
Milwaukee.............
3.134.171.0*9 +72 Detroit....................
473,798.0301 +21 Cleveland................
Columbus...............
162,298.60^ +9*.*
a 10.* 43,991 +12*5 Peoria.....................
173,988,27*+*3*0 Indianapolis..........
1*2.*m*4,500 +7*4 Grand Rapids........
06,594,067 +13*4 Lexington. ............
4 7 /8 6 /4 2 -O*0 j S a g in a w .............
■iv.370.7- yj -TV3 Bay C ity ...,,..........
13,3.3,778 —1*1 A k r o n ...............
10.7rH.--27
“ +32*8 Springfield, Ohio...
10. U 0.877 + 21*8 Canton........ ...........
6.751,566 +30*6 Rockford................
5,V<10.1«0 +ia*9 Knlamaeoo.............
6,6^,583 4-5W7 Toledo*...................
7,457,12*) +8*7
.
Tot. Mid. West’n

+2*n

54.971.149 - 1*0
4.642 « Q -2*5
4.152.2-tO + 106.
5*4
2.049,771
:.2DJ.9-7
3*
3.167.669 f i r *
A.V
,
2.066.674

10.736,8 Jn

Boston............ .
Prorldence..........
Hartford.......... ...
New H a ven ........
Springfield............
Worcester...... .. ...
Portland................
Fall River.............
Lowell...................
New Bedford........
Total New Eng..

+14*5

501.313,T

Chicago...... ... 264.7*63*1; 351/37.74-1 + d*¥ 3 X » . l 00.236;
M/SBJBi
4XS.5MS.55D
47.40H.06O
Ctaotnaatl.....
177.4 1 6 M>v
-dr *:■.> 19.4* IJIA3 + 7*1
Milwaukee....
25.1*1.501; 23.247.610 + 8 1
236,5-64.136
Detroit^ .......
tS d d ,© i
213.962.101
Cleveland.....
is lip s i
r2»T3
1*1.000.400
U»*73,*»
12/44.40
Ooiamboa. ....
6.96;.029 -*'V
77,061.580?
7/11,467
Peoria .. ... ... .
5X16,06 +6 ‘ i
47JB0,0*2?
ladinaapoiia..
5,792/0*
3 / 4 6 / 6 1 tS-3
32.116.219
3. •01.914
©rand Rapidt.
—
4*6
1,351,19-4
ia ,!5L > 0li
Lexington....
1.1*7,110 •42*4
14,299.7061
1/06,7*7
+aglnaw,. . . . . .
1,19m,mt +36*6
lt/3U .6 19
L+.;>V~' ;■
Bar City........
+30
f
9/SS.rg*
N
m
p
Akxoo. . . . . . . . !
2.2*6/411
598.766 r«4*6
0.706./J©'
716/71
fortngfield....
6*5,04- ►13*9
'
C a n ton ........'
O qt/ w
7 7 * /t 4
774,391'
Rockford. .. ..
+ UT0
9.010.601 _ S,7 41.092 +12*2
Ealamaioo.... __ 1,026,8611 _
+a*9
496.063jllf
4/41/64.2*7 4,49+097,697 +7 8
ToLM. West. aiSwioTjioj *

aiutmwa

Week ending September 28.
Clearings at—

Sine Months.

Ifew York....... 2.372,9^.009! LW 6.03I.6I3 +27*2 21.405.079.877
Philadelphia.. *U.X38.4.'9 2i8.5408.617, +»*2 2.533,3^7.879
5d0.904.947
-------51.-49,160, +2* 1
Baltimore.....
52,947,144
539.27 l.l-t I
60,2214,473? +18*4
59,488.007
Pitub arc.......
14,435/30 +23*3
138.3*9.25IT/Ol/fiX
Buffalo...........
*9.0*2,034
Washington..
6,1'4 4,007 + 9'd
6,624L076
57.977.328
6,600.632
8-5'?
5.919.9
Rochester....
------— LIS’?
4,012.841
3.5*9.476
3 6 /0 0 /6 3
Syracuse........
27,155,407
2.037/0+
2.7H.&3? + 8*2
Wilmington..
r.PioiwT 44*1
27/01..-'0*2
27.iMM.M6
3.028.359!
Scranton. . . . .
12.831,200
- l ’S
ia.ioi.4QO;
1.311.000 *
Binghamton..
+24*3
2
6
/7
0
,2
19.019j
11,6*9/04.7*7
^7flXl»OA',7X2Mlwi^5i
+So*5
Total Middle

San rranoiaoo.
Portland...
Salt Lake City
Beatils............

N O . 1 ,5 8 0 .

4.498.177
5.194.787
4.581.110
3.227.1 00
1.458.458
1.210.164
711,270
803.704
256.404
200,199
181,m
115,191
139.573
210,740
181,160

1.181.800
931,371
674.268
232,448
202.916
248.916
130.000
100,480
) 25,000
180.000

107, 754,403

290.000
188,190
170.000

141.782,701

27.047,699
9,977,397
9,420,990
5,279,257
5.783,208
5,040,909
1,801,35*
087,143
1,100,794
000,701
004,628

31/71,301

83,175.910

—2*3

25.360,557

11*0

13 856,200
7,940,417
7,011352
6/54,801
3.546,000
1,774333
1.118,797
892,455
898,012
428,383

10,602.892

-26*0
+ 2*0
+ 12*8
+4*9
+ 8*1

-

368,0X4

684,818
661,891
104,130/73

6X6,385
723,408
1,028.740
180,000

301.811
413.687
53.122
02,334

+7*3
+ 0*7
-13*4

1,211/Ofi

1,198,788
L 178,006

1,100.000

7,470/51
0,190.950
4,270,163
2,609,259
1/ 21,440
1.284,711
380,301
0 0 7 /7 4
897,104
207.742
331.177
80,881
06,700

+ 2*6

90,809,381
6.286,000
1.825/29
1.479,007

19.270.040
2,132.120
1/90,307
1,087,627

+ 12*0

+21*9
- 21*8
+ 6*2
— 0*8

238.800

418,020
82,000
70,000

22.532.747
7.90L775
5 59rt,023
3.078,7-X
8,814.279
1.807.377
3,590.4 43
1,146.896;
1.212,701
007.074
1,09X,SS2
881,825
937,076

Montreal.................
Toronto...................

H a lifa x ......................

Winnipeg...............
H a m il t o n ....................

Total Canada.......

18,832,885

* Not Included in totals.

20,420,839

18,780.518

THE CHRONICLE.

586

[V o l . L X I,

! of the liabilities has increased, the comparison
standing at $32,167,179 against $29,411,196. Of the
A further decided fall iu sterling exchange has been total of 2,792 failures for the quarter in 1895, 2,159
the feature of the week. As it has also been accompan­ with liabilities of $18,430,147 are classed as trading,
ied by lower figures for Continental, it indicates a uni­ 587 with liabilities of $12,205,115 are classed as manu­
form weakness of the market. This sudden and facturing, 46 with liabilities of $1,531,917 are desig­
decided downward turn has been attributed quite as nated as “ other commercial;” 31 banking failures for
much to a light demand as to more liberal offerings of $3,532,523 are reported separately. We give the figures
bills, and it looks a little as if this gold export move­ for the different geographical groups in a little tabular
ment had been somewhat forced and overdone. For statement on another page, and will only say here that
this reason little surprise would be expressed if gold for the New England States and the Middle States the
imports should become a feature sooner than has been comparison with last year shows a decrease both in the
anticipated.
Cotton drafts are reported to be coming number of insolvencies and the amount of the liabili­
forward quite freely now, though they are still held at ties. These are the manufacturing sections, which are
comparatively high figures; but the indications point distinctly enjoyiDgthe greatest benefits from the revival
to more liberal offerings and lower figures in the near of business. In the Southern, the Southwestern and the
Central States, where the agricultural situation domi­
future.
Our industrial interests remain in a satisfactory state nates largely, there has been an increase both iu num­
of activity. In some trades where there has been bers and liabilities. In the Far Western States the
extreme buoyancy a trifling reaction has occurred, but number of failures has fallen off while the liabilities
that is natural, and the volume of business remains are somewhat larger, and in the Pacific States there
very large. 'The returns of bank clearings reflect the has been a small increase in numbers, with a marked
activity prevailing.
We have this week prepared our decrease in liabilities.
statement for the month of September, and it shows
Last week’s bank statement showed a decrease o f
an increase over the corresponding month of last year $5,866,700 in loans, making $11,322,700 in two weeks.
of 18*4 per cent. In August the increase had been This reduction has seemed out of accord with large
not quite as large a3 this, being only 16'1 per cent; discounts for interior banks. It is probably in the
in the months immediately preceding, however, the main to be accounted for by the liquidation of con­
ratio of improvement had been much heavier, having tracts which we recorded as made sixty and more days
been for May 24'7 per cent, for June 22-1 per cent ago with near-by interior banks and Eastern and
and for July 29-8 per cent. But in these earlier Middle States cities, the latter borrowings being
taxes, and were obtained
months the circumstances as to the comparison were in anticipation of
figures
different. Then we were comparing with heavy losses in very considerable amounts at low
in 1894. For August and September the comparison of our Clearing House institutions. The small loss in
is with figures last year which had shown gains over cash last Saturday’s return showed, notwithstanding
1893. In September 1894 this gain was 5 7 per cent, |the free movement of currency to the interior, is most
and the present gain of 18-4 per cent is therefore addi- ( likely to be accounted for by the distribution of profits
tionai to that gain. Another influence affecting the by the Bond Syndicate to the participating banks. This
totals the present year should not be overlooked. We week the outflow of currency to the South and West
had a short winter-wheat crop this season, and conse­ has been heavy again, but it is in some measure covered
quently the movement of that grain in the winter- up by the interest payments by the Treasury, the
wheat districts has been very much smaller than a year amount of interest falling due on the first of October
ago. As a result the volume of clearings at some being about 5£ million dollars on the old 4 per cents.
Money on call, representing bankers’ balances, has
of the Western points has also been reduced.
We notice, for instance, that at Chicago there loaned generally at 2 per cent this week, *there being
is an increase in
the clearings of only a less competition because many of the largest lenders
fraction of one per cent. Again, parts of the were distributing October interest and dividends, and
West are still suffering from last year’s short crops. those lenders who were in the market sought to obtain
In addition in the South we have the present year not full rates. S >me loans have been made every day at 1J
only a small cotton crop but an excetdingly late crop. per cent, and yesterday the range was from that figure
The effect of all this is seen in a ratio of gain outside up to 2^ per cent; the average for the week was probably
of New York of only 8-6 per cent, and the increase of only a small fraction below 2 per cen\ Banks and trust
18’4 per cent for the country as a whole has been made companies quote 2 per cent as the minimum, and very
few obtain any higher rates. Some of the foreign
in face of this small addition at the outside points.
With business expanding all over the country and bankers called in outstanding loans early in the week
with large crops giving the assurance that it will con­ and none appear to have been lending liberally. Time
tinue to expand, we may expect that mercantile failures contracts have been in little better request and more
in the near future will be reduced to a minimum. Up firmly held this week, and in some instances rates have
to the present time the improvement in that particular been slightly shaded where very choice collateral was
has not been as striking as it might have been. But the offered. Quotations on good Stock Exchange security
results reflect past conditions, not present conditions. are 2 per cent for thirty days, 2£@3 for sixty to ninety
3£ for four and
34@4
for
five to
Messrs. B. G-. Dun & Co. have this week issued their days,
compilation of failures for the third quarter of the year, seven months. The supply of c immercial paper is
liberal
and there is a good assort­
prepared according to the intelligent system formu­ fairly
lated by Col. W. M. Grosvenor, and they show that the ment of names from which to select, but the demand
failures have continued rather large both in number is not urgent; the large city banks remain out of the
and liabilities. The number has been a little less than market aDd the business done is chiefly by institutions
in the corresponding three months of 1894, being other than banks and by purchasers in the interior.
2,792, against 2,868, but on the other hand the amount Banks having large interior correspondence continue to
THE

F IN A N C IA L

S IT U A TIO N .

Qctobek 5, 15)95, j

587

T H E . C H E O N IC L E .

report a dearth of money in the Northwest, whieh
makes a good demand upon Eastern banks, and generally
speaking money is moving to all points in the S ruth.
Mobile banks sent in applications this week for re-dis­
counting for the first time this season. Cotton is mov­
ing freely from nearly all plantations to the seaboard.
Quotations for commercial paper are 4 }@ 5 per cent for
sixty to ninety day endorsed bills receivable, 4if@51
per cent for four months' commission house and prime
four months’ single names, 5@54 per cent for prime
six months’ and 51 @ 7 per cent for good four to six
months’ single names.
The Bank of England minimum rate o f discount re­
mains unchanged at 2 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
9-1 6@ f of 1 per cent.
T oe open market rate at Paris
is 1 'i par cent, at Berlin it is 2 per cent and at Frank­
fort 2 per cent. According to oar special cable from
London, the Bank o f England lost £970,937 bullion
inring the week and held at the close of the week £42,772,315. Our correspondent farther advises us that
the loss was due to £984,000 sent to the interior of
<«reat Britain, to an import of £267,000 (o f which
£217,000 were bought in the open market and £50,000
were ’ rom Australia), and to an export of £254,000, of
which £200,000 were to Egypt, £14,000 were to Spain
and £10,000 to the Continent,
The foreign exchange market has been decidedly
lower this week and each day until Thursday the tone at
the close was easier than at the opening. The offerings
of commercial bills against cotton have increased, though
they are held at full rates, and in some cases above
the views o f buyers. Bankers who do a large business
with the South directly through their own agents are
reported to have been abundantly supplied, and the
fall in rates for banker*’ bills has naturally tended to
induce buyers to hold off in the expectation of still
lower figures. The absence of inquiry, for this and
other reasons, has materially contributed to the easier
tone. All accounts agree in stating that cotton is
moving freely to the seaboard from all points in the
South, and it is felt that the supply of bills
must increase rapidly.
On Monday the market
opened doll though fairly firm, bat the Merchants’
Bank of Canada reduced rates half a cent, It was re­
ported that there were some cable transfers in the
market, presumedly against an intended shipment of
gold to Germany and there were comparatively few
commercial bills. In the afternoon the tone grew
easier and on the following day Brown Bros, reduced
their rates half a cent and the figures for actual busi
ness were quoted at 4
874 for long, 4 8B}@
4 884 for short and 4 8S|@4 8 8 } for cable transfers, a
reduction of one-quarter of a cent compared with the
cloee on Friday of last week, while francs were fully 1-16
lower. The market was weak and the supply of com­
mercial bills against cotton was reported large. On
Wednesday Brown Bros, reduced rates another half
cent, and Baring Magana & Co,, the Bank o f British
North America, the Bank of Montreal, the Canadian
Bank of Commerce, lleidelbach, Ickelheimer & Co.,
hazard Freres and the Merchants’ Bank of Canada
lowered their rates half a cent and the tone was weak
at the close with a still better supply of commercial
bills. Rates for actual business were quoted at 4 8 6 }@
4 87 for long, 4 8 7 }@ 4 88 for short and 4 88@4 884 for
cable rantfera, while Continental bills were lower all
around. The light demand seemed to induce holders
of spot commercial bilk and of futures to offer them at

concessions. On Thursday Brown Bros., the Bank of
British North America, the Bank of Montreal and the
Canadian Bank of Commerce again reduced their rates
half a cent and the market opened steady at a decline
for actual business in short to 4 874@4 87f and in cable
transfers to 4 S 7 f@ 4 88, while francs and marks were
about 1-16 lower. The demand was fairly good all day
and the tone continued steady to the close. It was
reported that some of the gold bills which were sold
early in the week had been ra-bought and there were n o
indications whatever of gold exports even on order.
Yesterday Baring, Magoun & Co. and the Merchants’
Bank of Canada marked their rates down half a cent.
The tone was easier at the opening but the close was
steady at an advance of 4 cent in the rates for actual
business in sight bills and cable transfers. The follow ­
ing table shows the daily posted rates o f exchange by
leading drawers.

Fri.. Mou., Tues.,
O
. O88-ct. 1.
Sept. 87. Sept. S
88
Brown
S3
89-8*
i
Baring,
(dOdays..
m
\4
Vlajcjuu&Co. (Sight—.. § 8
sm mn
BtttiteBritish j 60days..
88* m
S
o
.
A
m
e
r
i
e
s
u
.
#Sight,... S3
80*
Bankof
(60day#-.
83*
Montreal, ISight—.. S h S#* 1 3
Canadian Banki GOdays,.
SB*
of Commerce. (Sight..... m
■88H
HeldelbttCh.lek-160days.
elhemverJs Co(Sight,... S3 sm
88* as*
UmkJ
8m Si**
Merchants' Bk. JeOday*..
is
of Canada.... 1Sight.... fo
S»*

Wed.,
Oct. 2
.
7*
m
88
80
1
I
8$
80
S
i
80
88
80
88

80

Thura., FrU
Oct. 3. Oet, 4
i
S
83
80
SB
IS
t&
87*
88*
IS
87*
88*
SS
88
8S»
m
SS
80
I
83

89

sb

The market closed steady on Friday at 4 87@ 4 SS for
sixty day and 4 88@4 89 farsigh t. Rite3 for actual
business were 4 8 6 }@ 4 87 for long, 4 871 @ 4 SB for
short and 4 88@4 8 8 } for cable transfers. Prime com­
mercial bills were 4 8 6 }@ 4 804 and documentary 4 85J
@ 4 80, There were some sales of bills during the
week, supposed to be against the reported purchase by
the Rothschilds of the Anaconda Copper Mine, and it
is understood that the entire issue of $3,000,009
fifty-year 4 per cent gold bonds of the Louisville &
Jeffersonville Bridge Company has been placed in Am ­
sterdam. But the exchange against these bonds is
said to have been sold last week. Oae of the Cana­
dian banks sent $50,000 gold to Canada, hazard Freres
have $600,000 in gold in transit through this port from
Europe and Zimmerman & Forshay have $250,000 in
transit.
The Cleveland Cincinnati Chicago & St. Louis has
issued its August return of gross and net earnings th is
week, and it shows $76,217 increase in gross and $38, 339 increase in net. The Louisville & Nashville for the
same month has $34,493 increase in gross and $54,598
decrease in net; the Denver & Bio Grande $23,761 in ­
crease in gross, $10,241 decrease in net; the Chesapeake
A Ohio #68,641 decrease in gross, $48,945 decrease in
net; the Southern Railway $46,503 increase in gross,
$38,273 increasein net; the Chicago Burlington & Quin­
cy $140,052 increase in gross, $30,644 decrease in net;
the Chicago Burlington & Northern $16,346 decrease
in gross, $22,887 decrease in n e t; the Canadian Pacifia
$19,811 increase in gross, $72,121 increase in n e t; the
A ’ chison $77,357 decrease in gross, $192,362 decrease
in n e t; the New York Susquehanna & Western, $39,407 increase in gross, $49,100 increase in n e t; the
Mexican Central $118,548 increase in gross, $114,384
increase in n e t ; the Mexican International $55,802 in­
crease in gross, $30,418 increase in n e t; the Buffalo
Rochester & Pittsburg $21,160 decrease in gross,
$2,527 decrease in n e t ; the Rio Grande Western
$34,362 increase in gross, $37,985 increase in n et; the
St. Paul A Duluth $7,773 increase in gross, $13,067

5885

THE CHRONICLE.

fVoL. LXI.

decrease m net; and the Oregon Improvement Company
$5fi,687 decrease in gross, $13,035 decrease in net.
Name of iioad—
Atchison Top. & Santa Fe*.Gross
Net
Buffalo Boch. & Pitts. . . .Gross
Net.
Canadian Pacific................
Net
Chesapeake & Ohio...........
Net
Ohlcago Burl. & Northern ..Gross
Net
Chicago Burl. & Quincy__ . Gross
Net
Clev Cin. Ch. & St. Louis.. .Gross
Net
Beoria & Eastern....... ..
Net
Denver & Rio Grande...... . .Gross
Net
JKan. City Ft. Scott & Mecu.Gross
Net
Kan. City Mem. & Birm...
Net
Louisville & Nashville.....
Net
Mexican Central..............
Net
Mexican International__
Net
Oregon Improvement Co.. . Gross
Net
BUa Grande Western........
Net
St Paul & Duluth............
Net
Southern Railway............
Net

1895.
$
3,220,687
662,092
275,015
92,357
1.675,363
617,877
S60.747
282.802
157.951
15.582
3,074.196
1.301,284
1,292.294
365.935
178,425
46,909
668,570
287,110
433,700
136,635
82.705
5.867
1.727.160
578,502
770,115
293,448
212,902
81,147
291,531
60,656
237,990
90,745
154,518
47,114
1,538,578
462,714

1894.
*
3,298,0-14
854,454
296,175
94,884
1,655,552
575,256*
935.388
331.807
174.297
68.469
2.934,»44
1,331.925
1,210,077
327,596
171,784
51.081
644,809
297,351
402,318
127,921
81,838
6.667
1,692,667
633,100
651,567
179,064
157.100
50,729
351,218
73,691
193.628
52.760
146.745
60,181
1,492.075
424,441

1893.
*
3.545,195
1,225,317
310,450
87.335
1,873,626
734,736
892,872
320,858
169,305
66,685
3.070,396
1.126,000
3,207.142
310,664
159,265
25,347
484,248
155,560
380,762
82,969
78.139
320
1,523,635
530,753
639,698
201,790
141,000
48.790
359,716
93.308
182,439
71,009
134,389
43.129
1,347,798
271,4L0

Excluding Colorado Midland in all the years. ]

September.------------,— January 1 to Sept. 30.— ,
(000,000s
1895. 1894. 1893. 1892. 1895. 1894. 189*3. 1892
omitted.)
$
$
$
$
$
$
$
$
Pittsburg.. _
59
50
39
60
539
480
515
565
1892.
Cincinnati...
47
47
41
62
484
474
486
548
S
29
25
23
27
4,310.726 Sow Orleans
313
295
351
335
1,528,432 Kansas City.
40
39
33
45
376
319
359
36 3
286,621 Milwaukee..
21
19
32
15
177
162
267
256
90,935
23
22
18
1,820.388 L ouisville...
30
233
233
247
281
728,988 Buffalo.........
14
18
15
153
141
17
167
143
1,002,370 D e t r o it .......
25
23
20
3L
237
210
260
250
353.971
36
30
23
37
234
205
239
300
2 0.465 Minneapolis.
106,757 um aha.........
16
17
19
134
23
181
232
212
3.790,396 Providence..
21
17
21
19
197
171
222
204
1,373,259
26
17
24
19
214
174
210
215
1,441.909 C leveland...
415,179 Denver........
11
11
25
102
8
102
200
154
153,312 St. Paul.......
16
15
11
23
127
153
160
194
9.809
945,408
T ota l......... 3,953 3,319 3,171 4,580 36,221 30,971 40,019 43,073
451.461
212
228
165
234 2,063 1,921 2.077 2,132
488,631 Other cities..
142,835
Total
a
ll...
4,181
3,531
3,336
4,814
38,284 32,892 42.096 45,205
93,158
6,428 Outside N.Y. 1,808 1,666 1,495 2,036 16.879 15,363 17,537 18,405
1,917,875
As regards the effects of Stock Exchange specula­
690.221
630,147
240,747 tion upon the clearings we may note that the transac­
161,418 tions on the New York Stock Exchange in September
52,100
393,000 this year were somewhat larger than in September last
104.901
255,270 year, the sales reaching 6,823,840 shares, against
95.336
192.800 4,064,049 shares, as will appear by the following.
78,234
8 A.LES O F H T O O K S * T
J ftc w Y O R K S T O C K *0
1,585,649
484,512
1895.
1894.

In the earlier portion of this article we have referred
to the increase of 18-4 per cent in our statement of
bank clearings for the month of September, and enu­
merated the circumstances which give particular sig­
nificance to this increase. In the different geographical
divisions the ratio of improvement varies greatly for
the reasons there given. For the Middle States the
increase is as much as 24’3 per cent, for the New
England States it is 16-4 per cent, for the Middle
Western States only 3'9 per cent, for the Pacific States
but 2-8 per cent, for the Far Western States 4-2 per
cent and for the Southern States 8-5 per cent. In the
following we show the comparative monthly aggregates
back to the 1st of January.
MONTHLY OLEASINGS.

Clearings, Total AIL
1895.

1894.

Clearings Outside New York.
P.Ct.

1895.

1894.

P. Ct.

t
$
$
$
January.4,407,442.600 4,060,598,771 +8-5 2,012,770,245 1,895,034,715 +6*2
February
3,411,146,458 3,210.442,334 4-6-3 1,546,705,226 1,486,402,544 +4-1
M arch...... 4,088.238,490 3,760,337,264 +7'4 1,797,497,475 1,711,525,713 +50
1st qusr.. 11,856,827,603 11,031,378.369 +7-5 5,356,972,946 5,092,962,972 +■5-2
April......... . 4,259,820,786 3,728,423.077 4-14-3 1,886,341,807 1,710,104,889 10-3
May........... 4,864,658,469 3,900,473,927 +-24-7 2,030,811,869 1,807,338,510 f-12‘3
June.......... 4,403,915,784 3,008,051,926 4-22*1 1,923.076,692 1,709,471,092 +12‘5
2d quar... 13,528,395,039 11,236,948,930 4*20-4 5,840,230,368 5,226,915,091 4-11-7
6 months. 25,385,222,032 22,268,827,299 4-14*0 11,197.203,314 10,319,878,003 —
{—
8’5
S n lj.......... 4,570,095,412 3,621,963,519 +■29-8 2,042,826,916 1,678,544,74 3 +21*7
August..... 4,147,053,320 8,570.771,148 +16-1 1,830.241,276 1,699,161,802 +7-7
•September. 4,181,359,613 3,530,780,290 +18-4 1,808,379,604 1,665,748,677 + 8*6
3d quar... 12,898,508,345 10,e 23,514,95? +21*4 5,681,447,796 5,043,455,222 +12-6

Month.

Number
of Shares.

Values.
Par.

$
Jan.... 3,243,905 318,422,500
Feb.... 3,024.032 300,314,750
March. 5‘,128,539 499,445,800

Actual.

Values.

Number
of Shares

Par.

$
192,636,084 4,519.463
186,106,308 3,173,52?
301,268,171 4,755,383

Actual.

$
445,082,520
310,597,250
464,935,000

$
257,323,27')
188,671,536
281,106,748

lstqr 11,396,476 1,118.183,050 680,010,563 12,448,373 1,220,604,770 725,101,554
April... 5,036,710 482,468,355 271,711,290 4,024.051 396,238,500 219,543,822
May.... 8,932,707 859,162,950 403,888,575 4,808,808 465,310,050 324,303,706
June... 6,030,415 579,442,850 31?\670,724 3,395,727 336,156,400 239,451,431
2d qr. 19,999,832 1,921,074,155 1.054,270,589 12,229,186 1,197,704,950 783,353,959
6 mos.. 31,396,308 3,039,257,205 1,734,281,152 24,677,559 2,418,309,720 1,508,460,51*
Jaly.... 5,849,466 561,238.250 342,847.860 2,803,736
August 5,269,019 490,170,700 337,335,231 5.034,810
8ept.... 6,823+40 628,792,500 310,601,277 4,064.019
30 qr. 17,942.325 1,680,201,450

277,262,850
498,373,650
400,396,200

190,975,817
308,737,404
252,698.9*0

990,784,308 11.902.595 1,176,032,700

752.412,151

9 mos. 49,338,633 ’4,719,458,055 2,725,065,520 36,580.154 3,594,342,420 2.200,872,604

The following statement gives the week’s movements
of money to and from the interior by the New York
banks.
Week Ending Oct. 4,1895.

Received by Shipped by
N. F. Banks. N. Y. Banks.

Net Interior
Movement.

1,735,000 $6,800,000 Loss.$5,065,000
850,000 Loss. 484,000
306,000
Total gold and legal tenders.....

$2,101,000 $7,650,000 Loss.$5,549,000

With the Sul:-Treasury operations and gold exports
the result is as follows.
Week Ending Oct. 4,1895.

Into
Banks.

Out of
Banks.

i NetChanoeir
! Bank Hnldin s

Banks’ interior movement, as above *2,101,000 $7,650,000 Loss.$5,549,000
8nb-Treas. oper. and gold expts.... 16,700,000 19,200,000 Loss. 2,500,000
Total gold and legal tenders...... $18,801,000 $33,850,000 Loss. 8,049 000

The following table indicates the amount of bullion
A t the leading cities the ratios of gain also vary in the principal European banks this week and at the
greatly, but there are only a few cases where there is corresponding date last year.
an actual decrease. Among the points in the follow­
October 3, 1895.
|
October 4, 1894.
Bank of
ing only three appear which show reduced totals as
Silver.
Total
Gold. | Silver. \ Total. | Gold.
£
compared with a year ago. Among the smaller placjs,
£
£
|
£
*
*
37,455.029
42,772.315 37,455.029
42,772.315
however, the decreases are more numerous, as may be England......
50.162.000
130,183.970
76,035,000
126.197.000
80,221,954
49,965,010
France..........
seen by reference to our detailed statement on the page Germany*..,. 32,008,900 13,718,100 45.727.000 32,637,000 13,327,00) 45.954.000
Aust.-Hung’y 21,884.000 13.035.000 34.922.000 13,893,000 14.871.000 28.764.000
/preceding this article.
8.004.000 11.800.000 19.804.000 8,004.000 9.650.000 17.654.000
Spain............
S) months 38,283,730,987 32,891,842,256 +16-4 16,878,651,110 15,363,333,285 + ?*3

+000,000*
omitted.)
T o r i...
iCWosgo........
B oston ,........
■IPhtlAdelphia
S& L o u is ___
S t s Fran’oo.
IBrjfcltimore.-.

BANK CLEARINGS AT LEADING CITIES.
September.---------- * ,— January 1 to Sept. 3 0 .— 1895. 1894. 1893. 1892 1895. 1894. 1893. 1892.
$
$
$
$
$
$
$
$
2,373 1,865 1,841 2,778 21,405 17,529 24,559 26.800
352
3,360
355
335
439
3,134 3,548 3,712
S64
380 3,453 3,002 3.484 3,624
308
288
271
292
248
228
2,533 2,198 2,639 2,792
102
97
914
75
823
88
856
899
54
52
72
55
495
482
533
596
53
52
53
60
510
5 41
499
574

Netherlands.
Nat. Belgium*

4.274.000 6,872,000 11.148.000
2,833,333 1,416,60? 4,250,000

4,039, J00 6.880.000 10.929.000
3,037,333 1,518,667 4,556,000

Tot.thls week 191,298,502 90,809,733 283,808,285 175.120.362 98,383,837 271,509,029
Tot. prev. w’k 196,053.583 98,094.2~4 294.147.857 177,627 142 97.369.007 274,997,109
* rhe division (between gold aoa silver) given in our ta b le o f coin
and bullion in tlie Bank o f Germany and the Bank of Belgium is made
from tiie best estimate we are aide to o b ta in ; in neither case is it
olaimed to be accurate, as those banks make no distinction in tlieir
weekly returns, m erely reporting the total g old and silver, bu t we
believe the division we make is a close approxim ation.
n o t e .— We receive the foreg oin g results w eek ly by cable, and while
not all o f the date given at the head o f the colu m n , they are the re
turns issued nearest to that date—that is, the latest reported figures.

O c t o b f k 5, 1895.]

THE

CHRONICLE,

589

only in including the “ National bank relemption
S TA TE O F THU T R E A S U R Y I N GOM A A N D fund”—-taking that statement we find the receipts for
FIN ANCES.
the first quarter of the current fiscal year to have ag­
The Government receipts in September have shown gregated $86,586,000 and the disbursements $98,012,gratifying results. To be sure the total is not quite so 000, or a shortage in the three months of $11,425,000,
large as toe total for August; it would be a trifle less which shortage would have been entirely wiped out had
than in August even were we to allow for one less day the tax on spirits yielded 4 millions additional a month,
in the mouth ; but the item of internal revenue for its estimated normal productiveness.
September is the largest of any month in the calendar
That, however, is by no means the sole dependence
year with a single exception. This feature we consider for enlarged income from the existing tax laws. A fair
especially important because the internal revenue re conclusion is that not only the internal revenue receipts
ceipts com- nearer than any other class of the Govern­ will materially increase, but that Customs duties also
ment ine-m* to being an expression of the productive are certain to bs added to. Tais view is warranted in
ness of the present tax law. Moreover the remits are the first place because the imports of sugar, the article
gratifying because in only one other month since the which was expected to be a chief source of revenue
new law went into operation has the revenue been in under the Customs provisions of the taw of 1894, have
excess of the disbars ments.
not vet reached a normal movement, though they have
There were no mateiial changes made in the pro­ i creased quite steadily aud largely in late months. It
visions of tne internal tax laws under the 1894 revision d ids further support in the fact that other merchan"
exc*pt in the item of spirits and fermented liquors. tise imports, although on the increase, have averaged
Tuat reaia k mu3t be qualified to this extent— x tax less than the supply for the same period of an ordinary
was imposed on that occasion on playing cards of 2 year. Very likely for the remainder of the calendar
cents a pack and the tobacco schedule also was modi year imports may be even a little less than
fled. But those changes have not hitherto proved han they were in the last two months. It will
material as they have had no essential effect on be noticed that Customs receipts were less in September
the revenue, and may consequently be disregard^ than in August, the August total being $15,639,000
in this discussion.
We notice, for instance, that igainst $14,654,000 in September. Importers are movthe revenue from tobacco averaged about 2^ mill­ 1ng cautiously. Requirements have to be anticipated and
ion dollars a month before the 1894 revision and is a a time like the present are uncertain. After recent ex­
averaging but very little more than tint now, whih perience it would not be natural for merchants to put out
the 2 cent* a pick on playing cards has not up to ths orders faster than the strength of the growing demand
time given to the receipts from “ other sources,” undtr for consumption can be tested. Prevailing conditions
which hear! it is included, any noticeable inure is-. cm consequently only be mat by more than the usual
Later on as general business improves it is reasonable fl i-tuations in the volume of merchandise imported.
We have stated that the Government revenue in Sspto expect from present indications that the imposts on
tobaccoaod playiogeirds willbo more productive. Tno-e tember was large enough to leave a favorable balance.
additions though cannot be large.
1>. is from the According to our figures the receipts for the month
whiskey tax and from the addition of 20 cents were $2,771,000 in excess of the disbursements. This
a gallon made ho that tax under the 1894 law that the result, it will be noticed, was possible only because the
enlargement of the internal revenue rec-ipts is chi<ll payments were small. Pension requirements appear to
to be obtained. As often heretofore explained, G >v- have been $1,594,000 less tbau io August. But the
erament income from that sour x since the new tax chief reason the disbursements were at a minimum was
went into operation was, for reasons we need not repeat that no interest falls due in September. Tne current
in large measure suspended for many months. Th month will differ in this particular and will no doubt
revenue from spirits alone ia 1892 nnder the pi > show a deficit again. A quarterly payment on the old
tax was over 95 millions of dollars, averaging an. u o 4 per cents falls due on the first of October aod that
million dollars a month.
If we may accept that result calls for about 54 million dollars. Pensions also are
as normal the revenue from the same source the likely to be a little larger than in September. Alto­
current year under the new law ought to reach about gether it would not be surprising if the disbursements
116j million dollars, or almost 10 million dollars a should exceed the revenue ia the full amount that
month, whereas the highest it has reached as yet in a the interest payment calls for. But current conditions
single month has been
million dollars.
indicate that these deficits are on the decrease, and at
As the case stands then, with the internal revenue the moment it looks as if existing laws, with business
receipts for September from all sources, including reyivai continued, would afford all the revenue the
sf irits, 112,260,000, the public seem to be aatboriz -d Government needs. This antic pited result, if realized,
to look for a further increase in that monthly total will be heartily welcomed by the public. Few things
before the fiscal year closes of about 4 million dollars; could be more disturbing to business, now so rapidly
and with the development of business activity, now go developing, than long-continued agitation by the ap­
marked a feature, continued, that estimate would seem proaching Congress of new changes in the tariff under
to be a minimum figure not unlikely to be exceeded the plea of a need for additional revenu-. The people
in coming months.
This certainly ia reassuring. and their industries can be better served by special
For if there were no other gain in revenue to effort towards economy in appropriations than in
be anticipated, here is a promising source of devising new ways for taxation.
There are no special features in the reported cash
additional io o m e which if realized will of itself
more than make good the deficit since July holdings of the Treasnry calling for extended notice.
1. For instance, taking oar own statement of The most conspicuous change the figures for the first
receipts and expenditures, which will be found to-day of October record ia of course in the gold reserve. For
in our “ Commercial and Miscellaneous News” depart •he previous three months the opening report haB
ment, and which differs from the Government figures shown this item to be above the 100-million-dollar

590

THE CHRONICLE.

[v o l . l x t .

limit. On June 1 it was $99,151,409 and on May 1 it
Orr readers are aware that during the late fiscal year
had been $91,247,144. N >w on October 1 it is $92,- the Louisville & Nashville management decided to close911,974. So long as the export detain l is in abeyance its construction account and determined that all items
this condition is immaterial. A feeling prevails, born heretofore charged to this account should hereafter be
of recent experience, that after the new year opansand charged to operating expenses under the sub-title o f
our cotton surplus has been mostly exported a new Improvement Account. The effect of this change is
and large demand for gold will set in again. That is strikingly shown in the annual report of the company,
not possible unless something happens to change the issued th's week. The change was made to date from
trerd of business affairs and conditions. We do not the 1st of July 1894. In the previous fiscal yeir (the
mean that no gold will be exported in 1896. More than year to June 30 1894) the construction expenditures
likely such a movement will occur, but if it does its had amounted to $1,160,714, all of which wa3 charged
proportions will be greatly restricted. The current to capital account. In the late year this class of outlays,
fiscal year in all that tends to foster and make needful very naturally, was much smaller, aggregating only $279,gold exports is as different from last year as any two 583, but no portion of the amount was added to cost o f
consecutive years could well be. Besides, we are likely road—that is, to capital account— the whole of it being
to see a considerable inflow of gold before the first of included in expenses. As a result the increase in cost,
January.
of road for the year is only very trifling, namely $18,’ There are two other changes in the cash holdings 547, this representing additional property acquired on
which deserve a word of notice. The surplus in re­ some of the branch roads. V is proper to say that in
ceipts for September already referred to has of course the case of the Nashville & Decatur, a leased road, an
increased the cash holdings and increased the general apparent exception to the rule is found; there the con­
balance. The balance has not been added to in the struction account has been continued. Tne explana­
same measure as the cash, because the balances in the tion, however, is very simple. Under the terms of the
hands of disbursing agents, etc., are larger. Among lease of that road all improvement and betterment
the cash items it will be seen that the flow of currency outlays are to be settled for at the end of the
to the interior has served to diminish the net silver lease. The amount involved is very small, $11,275dollar holdings; the “ net silver coin and bullion,” having been spent in that way during the twelve
which was reported August 1 at $30,367,816, is now months.
only $18,694,071. Both of these changes strengthen
An examination of the company’s income account
the Treasury situation by increasing the available re­ will show some other important changes in the direc­
sources of the Government. Silver dollars are rot a tion of increased conservatism. Tne company has
quick asset. By means of the movement of currency considerable sinking fund payments to make each
to the interior they have been turned into legal tenders. year. These have not heretofore been treated a3 part
The net legal tenders held August 1 were $18,411,688; of the income account. Now the practice has been
adopted of charging up against income the difference
on October 1 they were $42,476,600.
Below we give our usual table of Government cash between the year’s payments and the market value of
holdings on the 1st of October and on the first of the the securities received for the various funds. This dif­
three previous months. These are the figures we have ference for the late year amounted to $175,000, and it
ref -rred to in the above remarks, except the receipts has been entered as a charge against earnings, the same
and disbursements, which, as already stated, will be as interest, rentals or other items. A few weeks ago,
found in the “ Commercial & Miscellaneous News " d e ­ in reviewing the annual report of the Ohesapeako &
Ohio, we noted that the directors of that company had
partment.
July 1, ’95. Aug. 1, ’95. Sept. 1, ’95. Oct. 1, ’95 decided to carry in a special account the discount upon
Holdings in Sub-Treasuries—
1
%
$
?
Net gold coin and bullion......... 107,512,362 107,236,187 100,329,837 92,911,971 the bonds soli during the year and to charge off the
Net silver coin and bullion__ 29,965,751 30,367,810 27,124,061 18,091,071 proportion applicable to each year during the life of
Net U. S. Treasury notes ... .. 30,109,692 3L,185,S99 •35,058,018 36,630,851
Tne Louisville & Nashville began this
Net legal tender notes.............. 26,166,569 18,411,688 22.589,263 12,476,000 che bond.
Net national bank notes...........
1.613,489
5,012,488
7,609,591
0,018,771
practice
the
previous
year, and of course continued it
Net fractional silver................. . 16,552,845 16,532,936 18,055,743 11,882,3 6
Tne charge against income on that
Total cash in Sub-Treas’s,net.214,950,702 209,677,311 208,758,113 211,614,609 in the late year.
Amount in national banks....... . 15,768,911 14,5(11,071 11,510,C05 14,773,482 account was only $6,887, but the matter i3 important
C ash in banks & sub-treas. 230.719.618 221,178,385 223,208,118 220,388,091
D ed u ct other liabilities* net. . 35,179,490 37,028,854 39,228,962 40,982,72« as showing a desire to apply rigid methods of
A c tu a l cash balance........ .195,210,153 187,119,531 184,039,150 185,405,303 accounting.
The company also charged against the income of the
* “ Chiefly disbursing officers' balances.”
late year the balance, amounting to $697,669, of ad­
vances to the Soutu & North Alabama HR.
This
L O U IS V IL L E & N A S H V IL L E R E P O R T .
represents the remainder of advances made in past
American railroad management has been much crit­ years to that company to meet yearly deficits, &c., and
icised in the past, but when one observes as each an­ for which the Louisville & Nashville is entitled to be
nual report is being received cumulating evidence of reimbursed, but which the South & North Alabama
improvement in the administration of the properties— Company is not likely to be able to repay in the im ­
improvement in methods of accounting, in methods of mediate future. The management concluded last year
financiering and ia methods of operating— one is not to carry these advances as a credit upon the books
forcibly impressed with the fact that the occasion for of the Louisville & Nashville any longer. Accordingly
adverse criticism is fast passing away. Even in the $714,063 was written off in that year (in add.tion to
case of properties like the Louisville & Nashville, $954,893 of advances to other companies, making alto­
which have long been conservatively managed, there is gether $1,668,956 written off in 1893 94) and the
an evident disposition to take further steps in the same bilance, $697,669, has now also been written off. The
direction by the inauguration of changes and reforms amount in the previous year was chax-ged off against
calculated to raise the properties still higher in public profit and loss, while the amount for the late year has
b en charged directly against income. We observe,.
©itimation.

OciOB:R 5, 1895.]

THE CHRONICLE.

591

boo, by the report that the directors hare re-rahied the freight cars, against 18,417. This is on the Louisville
assets of the company and have charged oil to profit & Nashville proper. The Birmingham Mineral and
and loss all losses and accounts and advances consid­ the Nashville Florence & Sheffield, for which separate
ered uncollectible. From the profit and loss statement inventories are furnished, also show decreases. Taking
furnished by Mr. Cnshman Qnarrier, the Comptroller, the total of them all, the number of cars for 1895 is
it appears that the deduction for uncollectible accounts only 20,104, against 20,583, aud the number of loco­
was #90,448 and for reduction in the market value of motives 540, against 563. Thus there appears to be a
sundry stocks and bonds $’34,500, making together considerable shortage. To those not familiar with the
facts aud who fail to study the report carefully, it may
#114,948.
These facts are interesting, both as showing the new appear as if in the desire to keep expenses down not
methods adopted, all in the direction of increased con­ enough had been allowed to maintain the equipment
servatism, and because of their obvious bearing on the up to its full number. In truth, expenses have been
results for the year. We have seen (1) that the com­ charged with the whole amount necessary to replace the
pany ha3 inc’ uled #’279,583 of construction outlays equipment dismantled and destroyed, only the money was
directly with the expenses; (2) that it has allowed for notactually expended 'out is carried in a deferred renewal
a net charge of $175,000 on account of -the sinking account. There was allowed during the year $2,135,fuuds; (3) that it ha3 also allowed $6,837 for the 392 for account of building aud maintenance of equip­
year 3 pro rata of the discount on bonds sold ; and (4) ment, of which $1,632,413 was actually expended and
that #697,069 of advances to the South & North Ala­ #502,979 deferred until the present year. The latter
bama made in past years have been charged against appears iu the balance sheet under the head of “ De­
the income of the late year. Yet after making all ferred Renewals of Equipment, Rails, Etc.,” whose ag­
these deductions and allowances, as well as providing gregate amount June 30 1895 wa3 $638,347. Iu other
for fixed charges and operating expenses, the income words, in its income account the company has esti­
account shows a surplus on the operations of the twelve mated in full for the repair and renewal expenditures,
months in the sum of $700,585. The deduction for but not till the money appropriated was used, it not
ad ranees to the South & North Alabama is of course a being advisable to replace the equipment destroyed
wholly exceptional item, not likely to occur again while traffic conditions did not afford employment for
another year. Adding this therefore to the #700,585 what equipment there was. That there was little need
surplus, to show the results on the basis of the regular for supplying the deficiency is evident from the fact
calls, we get a surplus balance of $1,398,254. The that the excess of car mileage paid for the twelve
company has #52,708,620 of stock outstanding, and mouths wa3 only $5,206. The present year circum­
thus it earned 2f per cent for its shareholders in a stances are likely to be different, aud to make good
phenomenally unfavorable year, and according to very the shortage the company purchase), for delivery sub­
strict methods of accounting too— not a bad showing, sequent to July 1 1895, fifteou new locomotives and 950
it will be admitted, for such a year.
cars, which will bo paid for out of the deferred re­
We need not recount the various influences and con­ newal account.
The finances of the company are in good shape. A
ditions that marked the year, for we have done »o re
peatedly in other cases. The effect of the continued year ago the report showed #2,133,215 of bills aud con­
depression in trade which existed is seen in the fur­ tracts payable; for June 30 1895 there are only $825,ther falling ofT in the passenger business, the earnings 000 of bills payable. Including these bills payable and
from passenger trains having declined from #5,676,105 also the liability for deferred renewals, besides pay­
to #5,413,084. in the earnings from freight trains rolls, vouchers, interest, Ac., the total current liabili­
there was an increase from #12,435,417 to #12,933,251. ties Juno 30 1895 were #4.373,595, against which the
Tne average train-load was increased from 173 12 tore company held at the same date #4,417,772 of cash and
to 1?7’95 tons, but nevertheless the earnings per train available assets, including $2,200,000 of Louisville &
mile fell off from #1’53’914 to #L’50’554. Tne expla­ Nashville stock figured at its par value; the company
nation is that the earnings per ton per mile decreased also had in its treasury $2,263,400 of its Unified 4 per
from 889 thousandths of a cent to 846 thousandths. cent bonds, $531,000 of its 10-40 Adjustment bonds,
In 1892*3 the average was 932 thousandths. We may besides a large mass of other securities, both stocks and
say that the average per passenger per mile also de­ bonds.
With reference to the recent financial transactions,
creased— from 2’40 cents to 2’35. In view of these de­
clines in rates the result for the year is of course all these are not mentioned in the report, since they
the more satisfactory. Aggregate gross earnings in occurred after the close of the fiscal year. As will be
1893 91 had fallen off $3,429,000 ; in the late year only remembered, the company has called for payment on
$301,000 of this loss was recovered. In the net earn­ the first of February next the whole of the 10-40 6 per
ings, on account of the augmentation in expenses, due cent adjustment bonds, amounting to $4,531,000. As
in part to the inclusion of the construction outlays, will also be remembered, the company sold in August
thore was no increase, at all, but rather a further de­ $2,000,000 of the Unified 4 per cent bonds held in its
crease, leaving the net in 1894-95 only $6,998,220 treasury and $4,000,000 of a new issue of Mobile &
against #3,020,997 in 1892 93, and making the total Montgomery 44 per cent bonds. Out of the proceeds of
the smallest of any year since 1888-89. Nevertheless, this sale the company has retired the $825,000 of bills
even with net diminished to that extent, a balance of payable referred to above as outstanding .June 30
per cent, as we have seen, can be shown for the 1895, and has obtained the means for paying off the
10 40s next February, according to the call. Tfie result
stock.
of
the whole transaction is to effect a saving in the
One fact in the report which may perhaps not be
understood is the apparent decrease in the extent o f , yearly interest charges. The company has nearly 10
the company’s tquipment.
The report shows only |million dollars of 7 per cent bonds falling due in 1897
526 locomotives on June 30 1895, against 549 on June and 1898, which can no doubt also be refunded at a.
30 1894; 433 passenger cars, against 448, and 17,972 lower interest rate at the proper time.

0^2

THE CHKONICLE.
ZJKEQ UA L

TA X A TION.

Over five years ago we wrote of the efforts then
making to tax personal property in the S ate of Onio.
These efforts we said were the survivals of an old
regime struggling vainly to maintain itself in the face
of new condi ioi s. For, as we explained, personal prop­
erty which originally embraced mainly taugible article,
such as cattle and appurtenances of the farm, all easily
taxed, to-day is chitfly composed of stock certificates
and evidences of debt, which no law, however inquisit­
orial. can to any great extent bring within the graap of
the atsessor. The a tempt to tax intangible person­
alty it was pr-dieted would fail in Ohio, and it has
failed, though unfortunately the failure has not yet led
to a modification of the erroneous system.
The Bubj ct is again called to mind by a history of
the practical working of the efforts above referred to
repoited by the special committee on taxation of thu
Cleveland- Chamber of Commerce, and by President
Iogalls, of the Cleveland Cincinnati Onictgo & Sc.
Louis Railway Company, at a public dinner in Cleve­
land. Both the committee’s report and Mr. L galls
remarks have recently appeared in pamphlet form, at d
both testify to the utter and ridiculous failure of the
stringent measures taken to discover the property ar d
enforce the tax. In passing we mav say that an an­
imated discussion is in progress between Mr. Ingalls
and the committee as to whether the railroads of Onio
hear their share of the cost of government— an import­
ant question but one which we shall not attempt to
elucidate, for it does not touch the main point at issue
in the committee’ s report, namely the evils of the
personalty tax so far as it applies to intangible prop
erty.
It was in 1887 or 1888, we think, that Ohio enacted
its present notorious system, requiring the lis'i' g o f
personal property, appoinfirig paid spi s to ferret out
evasions, assessing the property discovered at not hs.than 50 per cent above its actud value, and paying the
spies a large percentage of the addi ional income s
secured. What has been the result ? H ts the rev- nue
of the S ate been largely increased ? Far from it. Toe
tendency to evade, as the committee says, grows mr>r<
marked year by year, and a table is given which showe
that in Hamilton County, of which Cincinnati is th>
county seat, the total assessed valuation now includes less
than 3 per cent of intangible property. In Cuyahoga
County, in which Cleveland is located, the percentage
is about 4 i per cent. The average proportion in the
country counties on the other hand is H '45 per cent.
Moreover, by comparison with previous years it is seen
that the proportion of intangible property to the wtmle
assessed grows less and less in the city counties, while
in the country counties the proportion is a coustam
one.
This inequali'y is demonstrated by reference to the
cash on deposit returned for assessment. The peoDle
of Hamilton County, including Cincinnati, return
about $1,400,000, or 3 per cent of the total am >unt
actually in the banks, over against 33 per cent returned
by a country county like Montgomery. The to al in­
tangible property in Hamilton County moreover, accord­
ing to the tax returns, including stocks, bonds, moneys
and credits, is at present, it seems, only about $7,000,
000, contrasting with $17,500,000 thirty years ago.
As the report very truly says, “ the general pioperty
tax is a tax upon all classes of property in the countn
counties only; in the cities it tends to become virtually

[V ol . LXI.

a land tax purelv.” Ia other words the im quality arid
ineffectiveness of the system become more transparent
as time goes on. And yet strange to say, too, in the
face of such disclosures it is the country counties that
clamor for the enforcement of the tax on all personaltv.
The history of the tax inquisitor in 0 iio is also
highly instructive.
Reformers sometimes in other
States advise the construction of similar machinery for
ca’ ching deli' quents. As well might they strive to
pick up quicksilver between the fing-rs. The tax in­
quisitor in Cuyahoga County, who receives for his serv­
ices 25 per cent of the amount collected, last year suc­
ceeded in obtaining the payment of only $106 445.
And yet this is said to be double the amount heretofore
obtained, exhept in one year, 1888, when nearly $150,000
was collected, “ the larger part of which came from
s veral large estates, the owners of which immediately
changed their residence, ceased to pay taxes here, and
have paid nothing since.” Only $506,000 in the aggre­
gate was collected by the inquisitors from the entire
State, over half this sum coming from three counties,
while from thirty-one counties not a dollar was by this
means obtained. Scandalous, moreover, to record, is the
tact which the committee states, that two men acting
s it quistors in three counties have been able in ten
years to obtain for themselves as commissions sums
aggregating nearly $400,000, with the pitiable result
which we have seen to the public revenue.
The committee likewise, and very properly, lay stress
on the demoralizing effect as regards public morals of
a 1 'W wh ch requires the citazens of a State to declare
under oath all their taxable property and then applies
to the personal property a tax which is in many cases
almost confiscatory. To show that the law is so un­
just as to incite to perjury and evasrons, the commit­
tee refer to the taxes which must be paid on stocks
and bonds by honest holders. For instance, a man
who buys the bonds of the town in which he lives, “ re­
ceiving $4 a hundred for the money which he has in­
vested, has a right to feel that he is contributing
more th-rn his share to the public burden,” when the
same municipality by way of taxes demands from him
$2 81 out of the $4 which has been paid him. So too,
they add, p-rsons whose investments in Lake Superior
iron mines are paying large taxes to the State of
M cbigan have a right to feel harshly treated when the
S ate of Obio demands from them, as it does demand,
an addi'ional 20 to 60 per cent of their share of the
property’ s yearly income simply because while holding
a certificate of ownership in a Michigan property they
happen to live in Ohio.
Aside from perjury and the consequent perversion of
the sense of strict honesty which the law produces,
its enforcement is a mauifest obstacle to the growing
prosperity of the State. What every State and munic­
ipality requires for its financial and commercial devel­
opment is U' questionably the presence and support of
huge supplies of floating capital.
To drive those
possessing capital away means a loss, direct and indi­
rect, that is incalculable, and out of all proportion to
the small income derived from the tax. Tne commit­
tee sum up their record of events by drawing atten­
tion to this fact in the following words: “ It will be
seen therefore that the operation of the law is working
out the rt sul 8 which might naturally be expected. In
i few c mnties some little money is obtained which
immediately results in the tax payers, from wnom it is
collected, leaving the county and ceasing to pay taxes
in the State thereafter. In the greater part of the State

Octo ber 5, 1895.J

THE CHRONICLE.

a few weilth? peop'e are sroa exhausted aad tneu tne
results of the lsw drop to nothing.
There are
however iadirect results of the operation of the law
in our city which are extremely unfortunate. It is
within the knowledge of the officers of this chamber that
manufacturing corporations which would employ hun­
dreds of men and contribute materially to the growth
and prosperity of our ci'y have been recently dissuaded
from c-ming to Cleveland because of this act; specific
instances are known of this. In this manner certain it
is that capital is kept from our city by the operation
of this law ; that men of large capital have been driven
away from the State and have removed to other States
because of this act is of such common notoriety that it
would be idle to discuss it.”
Massachusetts, like Ohio, clings to old notions re­
garding taxation, and seeks to collect taxes from stork
certificates representing the owner’s share in property
situated in sister States within whose borders the prop­
erty itself is already fully taxed. In New York Citv,
too, there is enough impolitic assessing of persoual
estates to drive many influential persons for residences
into the suburbs, or to the more distant plac s where
they may happen to be for the summer. The on'y
material diff rence bet veen the city of New York and
the city of Cleveland is that In Cleveland the existing
laws are sought to be enforced and personal property is
driven oot of town to the greatest possible extent, while
in New York the laws are only very partially lived
up to. In Earope there is scarcely a vestige left of the
old practice formerly so common of trying to levy n
things that are intangible. H-re we are moving jn the
same direction, and a State like Ohio renders good
service with its inquisitorial tax law by emphasising
the fully of the system.

593

decrease in rates. As a matter of fact the freight
movement of the Cleveland Cincinnati Chicago & St.
Louis, like that of the Chesapeake & Oh’ o, was for 1895
the largest ever made. The number of tons actually
carried was not quite as heavy as that two years ago,
but the tonnage movement one mile was in excess of
that for that year, the figures for the last three years
being 1,349 million tons for 1895, 1,211 million tons
for 1894 and 1,331 million tons for 1893. The freight
revenues on the other hand for the three years com­
pare as follows: iu 1895 #8.733,930, in 1894 #7 866,967, in 1893 #9,338,737, showing for 1895 #555,000
less earnings on a larger tonnage
movement
than in
1893.
The reason for the loss is
found entirely in the re auction iu the rates. F >r 1895
the average at 6*51 mills per ton mile was a trifle higher
than the average for the previous year at 6'49 mills,
but for 1892-93 the average was 7'01 mills and for
1891-92 7*22 mills- Even in the passenger business
there has been a decided decline in rates during the
last two years, the average for TA95 being 2'055 cents
per passenger per mile, against 2T87 cents for 1893;
and here there has also been a considerable falling off
in the volume of the traffic, the two together having
caused a marked contraction in the ptssenger revenues,
which for 1895 were only $3,785,410, against $4,104,769 for 1894 and $4,307,371 for 1893. It is perhaps
well to note that in 1894 the average per ptssenger per
mile had dropped to only 1'832 cents, but the figure
in that year was low for an exceptional reason, namely
the large amount of travel to the World’s Pair taken
at very low rates.
In view of this decline in rates— which is merely
typical of the condition of things on the railroads gen­
erally—one is inclined to wonder that so many mads
have escaped bankruptcy and a receiv-rship. In the
7 H E C L E V ALA N D C IN C IN N A TI CHICAGO <£• case of the Cleveland Cincinnati Cnicago & St. Louis
the good results are ascribed to the excellent physical
ST. L O U IS AND LOW R A T kS.
In the annual report of the Cleveland Cincinnati condition to which the property has been brought by
Chicago & St. Louts Railway, published by us last expenditures in previous years for sards, si iings and
week, Piesident Ingalls makes some obser'a’ ions bear­ equipment. President Ingalls notes that the company
ing upon the question of rates, which deserve very care­ is to be congratulited on having succeeded in doing
ful consideration- They cover a feature to which we what but few railways have during the year, namely
have frequently alluded—a recent instance being in held its rate per ton per mile— that is, avoided a
the case of the report of the Chesapeake & Ohio, of further decline in 1895 after the large decline in 1894
which Mr. Ingalls is also President; but the point is a id previous years. II3 is moved to remark, however,
ore of controlling importance in the affiirs of the that it would seem as though the public interes*, as
railroads and it cannot be reiterated too oft*n, or too well as that of the stockholders, would be conserved if
much stress laid upon it. Repeating a remark made by the road should at Past get the low rates prevailing be­
him the previous year, to the effect that the future of fore the panic of 1891.
the Clevrland Cincinnati Ooicago & S'. L mi*, lib--1 In this Mr. Ingalls gives expression to an important
that of all railway properties, depended lirgely upon truth. Tnere can be no question that public interests
rates, Mr. Ingalls points out that if the company had would be conserved by allowing the roads 'o obtain
The railroad industry is such a
received during the late fiecal year the same rate per slightly better rates.
ton of freight and per ptssenger per mile as it received large and important one, and it is so in'imuttly con­
only as recently as 1892, it would have had #1,309,616 nected with other industries, that to raise it to a plane
more of net earnings, an amount equal to over 4 p-r of prosp-rity would be cert iiu to give a great stimu­
cent upon the company’s stock; that is to say, 4 per lus to business activity everywhere in the country.
cent would have been eained even in such a bad year as At the same time the increase in rates required to
the last coold the company have obtained the same bring about such a situation is so slight that no in­
average rates as three years ago. In the case of the terest would feel it as a burden. It is the appre­
Chesapeake & Ohio we made a similar calculation and ciation of the immense importance of better rates that
reached a sinrrlar result a few week' ag •, it being there aocounts for the z a l and energy displayed by President
four d that the difference represented by the decline, in Ingalls in promoting a new trunk line agreement, and
it is certainly to be hoptd that he will be successful in
rates would pay 3 per cent upon the compmy's sto"k.
In contemplating the loss in revenues sus'ained by his efforts to place rates on an improved and 1isting
our railroads during the last two years we aie very apt basis.
As regards the results of operations for the year, the
to sscrihe it entirely to the depression in business
which prevailed and to overlook the part played by the company was not of course able to pay anything on its

594

THE CHRONICLE.

common stock, but the regular 5 per cent dividends on
the preferred stock, calling for $500,000, were paid,
and the income account shows that they were earned
with a surplus of $49,627 left over. Gross earnings
were $13,625,027, against $13,034,049 in the year pre­
ceding (passenger earnings having further declined as
already shown, while freight earnings recovered a part
of their previous loss), but there was at the same time
quite an increase in expenses, so that the gain in net
was comparatively small, the amount of the net stand­
ing at $3,370,959 for 1895 against $3,283,545 for 1894.
The increase in expenses is found chiefly under three
main heads, namely taxes, car service and maintenance
of equipment. The increase in taxes is the result of a
court decision against the company, under which the
yearly payment for taxes is greatly enlarged; the
amount of taxes for 1895 is $539,273 against $405,688
charged out for 1894.
With reference to the increase in the car service pay­
ments, which were $309,236 in 1895 against only $164,018 in 1894, the explanation given by Mr. Ingalls
brings to light a new difficulty with which railroad
managers have to contend.
Mr. Ingalls says that the
increase is due in the case of passenger cars to the
hauling of more sleepers, but in the case of freight
(the increase is almost entirely in the freight mileage)
it is due “ to the fact that more and more each year the
higher classes of freight are controlled by transporta­
tion companies who own their own cars and in order to
secure this freight the company is obliged to use these
private cars, paying mileage therefor, while its own are
ljin g idle.” As concerns the increase in maintenance
of equipment, this has followed from large purchases of
new car3 and locomotives to replace equipment worn
out, as detailed at length in the report.
It is pointed out that the company has had no con­
struction account whatever during the year, all ad<: i
tions aid improvements laving gone directly to ex
penses. No bonds were sold during the year with the
exception of $91,000 of first consolidated mortgage
bonds; $33,000 of bonds were taken up for the sinking
fund and canct led, and $680,632 of equipment notes
falling due were paid. “ The company's accounts re­
ceivable have been decreased and its bills audited have
increased, but it has no loans and its wo:king balances
are in comfortable condition.” The balance-sheet shows
that outside of the equipment notes, on which the pay­
ments due in 1895-6 are $393,914, the aggregate of the
current diabilities June 30 1895 was $3,227,380; the
amount of the cash and accounts and bills receivable at
the same date was $1,433,969.
In the case of the roads separately operated a very
noteworthy improvement in the results of operations
has occurred. The most important of these is the
Peoria & Eastern, and there the change has been very
striking indeed. That road increased its gross earn­
ings $201,934 while expenses were actually reduced
$84,814, and hence the net was enlarged in
the sum of $286,748, making it $463,938 for
1894 5 against only $177,190 for 1893-4.
The
improvement is ascribed to the fact that the propperty is now in good physical condition, so that
its expenses in the late year were normal, while
in the previous jear they had included large amounts
for betterments ; also in part to au increase in the
average freight rate received. As a consequence of the
improved net earnings, the road was able to show a sur­
plus of $22,317 above the year's fixed charge?, whereas
in the previous year there had been a deficiency of

[Voii* LXL

$264,430. The importance of the change to the O. O.
C. &St. L. will appear when we say that under the lease
the company has to advance the moneys needed to
make good any deficiency, taking reimbursement out of
future surplus earnings.
The C. O. O. & St.L. has advanced altogether $893,563
to that road for deficits in earnings and for improve­
ments, and it is also liable, the report says, as indorser
upon its notes for $367,567, for which, however, it has
$397,000 of its consolidated bonds as collateral. These
bonds Mr. Ingalls thinks should be sold and the pro­
ceeds applied to the payment of advances, and the bal­
ance of the amount either funded or carried as an asset
until the net earnings of the leased road shall suffice to
pay it. He says that he does not expect any further de­
ficits on that road, but rather a gradual improvement
from year to year in its net earnings. The Kankakee
& Seneca RR., operated jointly for the account of the
C. C. C. & St. L. and the Rock Island, shows for 1894-5
net of $11,222, against a deficiency of $66,512 for
1893-4, and the Mt. Gilead Short Line was operated at
a profit of $628, against a deficiency the previous year
of $1,090.
_____________________
COTTON C O N SU M PTIO N A N D O V E R L A N D
M O V E M E N T FO R SEPTEM BER .
Our usual statements of overland movement,
receipts, exports, &c., for September, the opening
month of the new crop season, are given below. The
amount brought into sight through the ports, interior
towns and the rail movement in September exhibits a
considerable falling off from the figures for the corre­
sponding period of last year, having been only 542,394
bales, against 663,703 bales in 1894, but as compared
with 1893 there is a small increase. Northern spinners
have taken 75,062 bales during the month, or a much
smaller amount than in the same time in 1894.
O V E R L A N D M OVEM EN T FO R SEPTE M B E R,

The gross movement overland in September has been
only 18,040 bales, against 31,908 bales in 1894 and
23,961 bales in 1893. In this decrease from last year
of fourteen thousand bales most of the routes share,
but the movement via Cairo and Cincinnati shows the
greatest ratio of decline. The net for the month makes
a less favorable comparison with the previous year than
does the gross, the aggregate net being only 8,508
bales, against 21,441 bales in 1894 and 12,865 bales in
the preceding season.
O V E R L A N D IN S E P T E M B E R .

1895.
Lmount skipped—
Via St. L ouis...............................................
Via Cairo.....................................................
Via Paiker C ity .........................................

10,893
1,575
543

1894.

1893.
13,545
2,877
716

Via other routes.......................................
Shipped to mills, not included ab ove..

1,471
568
2,357
631

16,098
6,142
.....
173
2,545
3,013
3,035
902

Total gross o v erla n d ........................

18,040

31,908

23,961

4,092
350
605
1,558
2,154
211
1,182
75
240

7,146
172
204
1,344
1,280
135

N. Carol’a ports, inland and local mills.
Virginia ports, inland and local m ills..

5,882
318
458
1,393
767
153
50
47
453

Total to be d edu cted.........................

9,532

10,467

11,096

Leaving total net overland*.........

8,508

21,441

12,865

Via Louisville ......................................... .

Deduct shipments Overland to New Y ork, Boston, & o ...
Between interior t o w n s ......................
Galveston, inland and local m ills.........
New Orleans,inland and local m ills...
Mobile, inland and local m ills...............
Savannah, inland and local mills..........

1,104
1,807
2,969
868

55
760

* Phis total includes snip moots to Canada by rail, which s in ce
September 1 in 1895 amounted to 1,639 bales;
in 1394 were
i ,686 bales and in 1893 were 1,543 bales.

IHE CHRJNICLE,

Octobee 5, 1885.1

595

R E C E IP T S , E XPORTS A S D S P IN N E R S ' T A K IN G S .
total of the crop which was in sight on October 1
The net receipts at the po rts in September exhibit compared with previous years, and which is shown in
an important decrease from the corresponding month the following :
last year, but a small excess is seen when centrast is
1895.
1894.
1893
made with 1893. The accompanying table d sclosas
472,394
608,203
Total
marketed,
as
above—
bales,
455,273
the fact that the decline from last year is shared in by interior stooks in excess of Sept. 1.
70,000
55,500
56,000
all the important ports. Exports to foreign ports dur­
542,391
663,703
511,273
Total In sight................
ing the month have reached only 111,553 bales, against
This indicates that the movement daring September
202,673 bales last year and 152,275 bales in 1S93.
of the present year is 121,309 bales less than in
1894 and 31,121 bales in excess of 1893.
Movement from Receipts Receipt* E X P O R T S SIXC* S E P T . 1. 1805 TO— Stock t

since
Sept. 1, 1885, to since
Sept. 1, Sept. 1 Great j prance.
Oct. 1, 1805.
1894. Britain*
1835.
128,307
New Orlean* ..
M obile.......... .

05.766 133,071
15.343 20,737

Brunswick, Ac.
Charleston........
Port Hojal.Ae.
Wilmington.....
W&*hiniit’a,Ac

3.051
43,140
hi
10,180
33

118,028
«iss»
17.5-3
10,521
20,273
61

West Point....
ewp'tNewt.Ae.
»*w f o r k .........

1,427
481

2,894
383

Baltimore....... .
Philadelphia,Ac.

Total le w ......

...a..

.....

18,106

__
....
......

2 ,1 8 1

8,000
.......
........
........

8 4 ,7 8 *

7,191

llo,8u«

28,180

377,408

72,08**

18,406
.......
8,000

523
......
».w .

i .i u

......

10,610 75.S97
1,214
40,678 113,775
13.985

W E IG H T

OF B A LE S .

To furnish a more exact measure of the receipts up to
October 1 we give below our usual table of weight of
bales. We give for comparison the figures for the same
time in the two previous years.

323
43,721

Same
Same
p eri’d in p eri’d in
1894
1893.

Sejitember 1895

18,494

.......

818,702

Total i«0O......
Total 18M. ...

6,060

.......

13,116
5,1iV*
4,988

581
*3*

8,9681
1.214
86-

8,<MS

.....

34,M3

Oct. 1,
1895.

Conti- ; Jotal.
nent. |

100

523

yu m ber o f
Bales.

0,2?5
576

21.568 157,321
6,166
2.900
3,753
5.388
4,475

........
39^741 111,663 487,537

63.6-45' 202,673 403,662
0M«?i 152,075 411,283

* Great Britain export* Lnolude to the Channel.

Weight in
Pounds.

Average Average Average
Weight. Weight. Weight.

r e x a * ...............
Louisiana ........
Alabama..........
Georgia"............
South Carolina.
Virginia............
North Carolina.
Tennessee, <ko..

103,300
95,763
15,316
88,649
43,521
l.\ 267
19,153
94,390

55,765,472
50,211,162
7,957,152
43,702,181
21,274,370
6,133,500
9,384,970
47,195,000

539-84
524-30
512 01
492 98
488*83
500 00
49000
50000

553-53
53000
52000
506-43
516-76
495*00
506-30
499-50

550-24
497-90
520-00
506-75
500-00
481-33
497-33
191-78

T otal...........

4-2,39 4

241,523,810

511-28

521 85

510-99

Using the facts disclosed by the foregoing statements • Including Florida.
we shall find that the portion of the crop which has
It will be noticed that the movement up to October 1
reached a market through the outports and overland, shows a decrease in the average weight as compared
and the Southern consumption, during s -pt9mber this with the same period of last year, the average this
year and the two previous years is as follows.
year being 511*28 lbs. per bale, against 521*85 lbs. per
bale for the same time in 1894 and 510*99 lbs. in
1893
1095. [ 1801
1893.
Receipt* at the port* to Oct. I ...... bale*.
393,880 518,702 377.108
Net ahlpmrn tsoveriantl during M in e time
Total

r e c e i p t * ___________ . ______. . . h a l e * .

Southern consumption alnee September 1
Total to Oct, I ....... .............

..bale*

S.Sos,

2 ).I ll

392,301
80,000

540,203

;7 j ml

008,203

12,885

39X273
es.ooo 65,000
155,273

The amount of cotton marketed during September
in 1895 is thus seen to be 135,809 bales les3 than iu
1894 and 17,121 bales greater than in 1893.
To
determine the portion which has gouo into the hands of
Northern spinners daring the same period we have
prepared the following:
T otal receipt* In September, 1895, as ab ove................. bitlea.
■ lock on band comm encem ent o f fe a r (Sept. 1, ISflSi —
A t Northern porta.............................. 169,527
A t Southern p o m ................................. 110,530 - 280,063
5,792
At Northern Interior m a r k e ta ...............

172,391

2 3 5 ,c 15

Total supply to October 1 ,1 9 9 5 — .......................... .........
O! thla supply there ha* been exported
to foreign port* since Sept. 1 ,1 8 9 5 . 111.553
Lax* foreign cotton In clu d ed ................
2 ,3 1 0 - 109,217
Bent to Canada direct Brora Weat...................... .
1.0J9
B ir a t North and South...............
................................... .
B .och on band end o f month (Got. 1 ,1 8 9 5 )—
A t Northern p o r t a .............................. 108,119
A t Southern porta —................... ......... 319,088— 187,537
At Northern Interior m arket*....... .......................
1,781

758,139

Total taking* by spinner* since September 1, 1895 ..............
Taken by Southern spinners ......................
........................

155,062
80,n00

Tsk *a by Northern *ptnttsr* <lnee Septem ber 1, 19 95 ........
Taken by Northern spinners eamo time In 1891......................

75,002
115,179

Deere a*e In taking* by Northern apin nets this year .ba les.

40,117

603,177

The above indicates that Northern spinners bad up
to October 1 taken 75,062 bales, a decrease from
the corresponding period of 1894 of 40,117 bales,
and a gain over the same period of 1893 of 34,624
bales.
AMOUNT OF CROP NOW IN SIGHT.

In the foregoing we have the number of bales which
has already been marketed this year and the two
previous seasons. An additional fact of interest is the

TIIE D R Y GOODS T R A D E

D U R IN G

S E PTE M B E R.

It' the market for cotton goods during tfie mouth of
September were to be judged by the volume of business
transacted it would prove on the whole somewhat dis­
appointing, but as a matter of fact the demand, par­
ticularly in staple cottons, was quite a subsidiary factor.
The month opened with a strong tone ruling, and
under the dominating influence of the continued rise
in the price of raw cotton it closed with an extraordi­
nary condition prevailing. The course of prices shown
iu the table below fails to fully indicate the situation.
Standard sheetings (A lantic As) are unaltered, but
the price is nominal, agents taking orders at value
only, whilst there have been general advances of jfc. in
lower-priced makes, and some high-grade goods are
held at 6Jc. and three yards are in limited supply at
5£c. Even this leaves something more to be told, and
that is that a number of manufacturers are rtfusing to
lake orders in domestics for future delivery, although
tendered at the highest point of current quotations.
The market thus not only shows unusually light stocks
of brown, bleached and colored cottou3, but abnormally
restricted opportunities open to buyers to make con­
tract ahead. Browu goods may be quoted nominally
•£c., bleached £o. to 4c., coarse colored ^c. to lie ., and
wide sheetingB lc. to 2|c. per yard upon the month.
Cotton dress fabrics have on the whole ruled dull, a
spell of very hot weather during the month affecting
adversely the distribution of dark work in both printed
and woven patterned lines. Prices of regular prints
show an occasional advance of |c. and staple ginghams
advanced ^c. to £c. per yard. Print cloths gained
l-16c., advancing to 3|c. for extras, but sel'ers declin­
ing bids thereat at the close.

596

THE
1894.

1895.
Si VoU'u M int­ Sheet­ Lan­
H
ing
ings, caster
00 low
mid •Joins, 8'unit- ging­
dliny 64*64 ard. hams
1..
2..
3..
4..
5..
6..
7..
8..
9..
10..
11..
12..
13..
14..
15..
16.
17..
18..
19..
20..
21..
22..
23..
24..
25..
26..
27..
28..
29..
30..

S'lh'n OoWn\Print iSheet­
ings,
3 -yd.
law | ing
sheet­ mid- cloths. stand­
ings. dling. 64^64 ard
2*87

...8 .

7>3„
7**1
7 'V
713,.
7 i» JC

3-06
3 06
3-06
3*03
3-06

7 15ie
715,8
7 7h
7*
71 16
713,

3*06
3-12
3-1 2
3*12
3*12
312

7iiu j
7 5,
73*
715,6
7 1 '„
713,,

312
3*1 2
3 12
3*12
3* 2
3-12

6
6
6
6
e

5
5
5
5
5

54
5*4
51®
5*4
5V,

5
5
5
5
5
&

5 1*4
5V,
5V,
53»
53s
5^

5
5
5
5
5
5

53s
538
538
53g
5^
53s

5
5
(5
5
5
51®

5k»
5 ®

5i®

5i®

. ..8 .

6
0
6
6
6
6
. . . 8 . ..

716,,. 3*12
3*12
3 12
1-&ie 3 Oi)
87,6 3*1*2
&716 3 1 2
61*16 3*12

6
6
6
6
6
6
.8.
6
6
6
6
6
6

CHRONIC IE .

2*«7
2v<7
2*94
3* 0
3*00

67.6
67|«

3*00
3*00
3*00
3*C0
3*l 0
3*v 0

67io

<5,6
6V,
6*4
6V,

3* 0
3*00
3-00
3*00
2*94
2*94

63l
6*8
6*,.
61.0
6
5 7g

2*9 i
2*94
2 9*
2*91
2*H 1
2-87

65,„

5^
5i«
5i®

. . . 8 ...

6

6 ’ u,
6>®
6*2
6*2
6*®

6

. .8.

..H . .
6
6
6
6
6
.8.
6
6
6
6
6
6
..8 ...
6
6
6
6
6
6

Lancaster
ging­
hams
5 V,
5 V,
51®
5 V,
5V,
5V,

4%
44,
5
5
5

514
5 V,
5W*
5V,
5V,
5*4

5
5
5
5
5
5

‘5 V,
5 V,
5 V,
5 V,
5 V,
5V,

5
5
5
5
5
5

514
5*4
5*4
5*4
5 V,
5M

5
5
5
5
0
5

..8 .

6
6
6
6
6
6

S'lh'n
3 -yd.
sheet
ings.

The abovtt prices are—For cotton, low m ldd ln g up Laads at Mew York;
for printing oloths. manufacturers’ net orloe*: r<»r s h e e tin g a r,d
ginghams, agents’ prices, which are subject to an average dis iou.it oi 5
por cent, e ..oept w a eu o h-irwUe si,aoe»i; 80 iuhera sheedugs uel.

F a il u r e s

for

T h ir d Q u a r t e r a n d

S in c e J a n u a r y 1 .—

The following figures, prepared by Messrs. R. G. Dun & Co.,
show the number of failures in the United States and Canada
during the quarter ending September 30, 1893, and the nine
months. For purposes of comparison like figures for the cor­
responding periods of the preceding year are given :
,-------- 1895.-------- , -------- 1894.-------- No. o f
Third Quarter.
Failures.
New England 8tates................ 303
308
M iddle Hiates........................ 769
769
Southern 8tates........................ 420
Southwestern States................ 186
Central S ta te s ......................... 523
Western S ta te s ........................ 299
Pacific States and Territories. 2 h2
Aggregate United States....... 2,792

Am ount o f
No. o f
Amount oi
Liabilities. Failures. Liabilities.
3 Js
$4,263,045
$3,322. >-57
9, 07,136
11,314,* 66
789
3 ,t)09,929
3*7
2,916,“ 13
2,580.282
161
831,883
8 /-6 9 ,5 14
5,32'*,414
5*3
3,109 ,ofll
383
2.910,029
1,368,320
287
1,846,046

$32,167,179

2,868

$29,411,196

Dom inion o f Canada.........................
4 32
$3,390,218 472$3,634,303
----------- 1895.------------ ----------- 1894.---------- .
No. o f
Amount o f No. o f
Amount o f
Nine Months.
Failures. Liabilities. Failures. Liabilities
New England 8tates............1,1 4
$14,049,»-95 1,232
$18,751,733
Middle States.........................2,456
43,535,205 2,678
~
45,404,614
23 ,22'’ ,540
Southern S ta te s ....................1,771
1*,721,360 1,768
SouthwesterD States............ 692
6 ,1 C9,070
579
5,23*, *>52
23,11",194 1,569
17,472, >43
Cential S ta tes ....................... 1,559
9,574,854 1,055
Western 8tates...................... 965
12,155,456
Pacific States and Territor’ s. 892
5,907,345 1,026
8,893,964
Aggregate U nitedStates.9,449

$121,007,123

9,907

$131,141,802

Dom inion o f Canada.......... .1,339

$9,928,203

1,514

$13,109,716

Clearings by Telegraph.—Sales of Stocks, Bonds, &c.—
Stock Exchange €learing-Ho ise Transac<ions.—Toe sub­
joined statement, covering the clearings for the current week,
usually appears on the first page of the C h r o n i c l e , but
on account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1894 there is an increase in the ag­
gregate of 14 8 per cent. So far as the individual cities are
concerned New York exhibits an increase of 18 per oent,
and the gains at other points are: Boston 17*8 per cent, St.
Louis 27’8 per cent, Philadelphia 9-5 per cent, Baltimore 0*8
per cent, New Orleans 43'6 and Chicago 7'0 per cent.
Cl ia b in o s .
Returns by Telegraph.

Week Ending October 5.
1895.

1894.

Per Cent

New York.............................
Boston ..................................
Philadelphia...........................
Baltimore.............................
C h icago................................
Bt. L o u is .............................. .
New Orleans.........................

$581,853,882
96.737,724
69,977,520
11,053.774
84,500,048
21,601,460
9.084,386

$493,241,785
82.146,038
63.905,603
10,968,882
78,956.995
16,9**3.233
6,327,383

+18 0
417*8
4- 9 5
+ 0*8
4- 7 0
4-27*8
443-6

Seven cities, 5 d a y s........
Other cities, 5 days..............

$874,808,794
150,011,222

$752,449,924
136,017,281

4-16 3
+10 3

Total all cities, 5 days__
A ll cities, 1 day......................

$1,024.82*‘,016
179,197,723

$883,467,155
159,984.902

415-4
4-12-0

$1,204,01 7,739

$1,048,452,057

*-14 8

Tota* all cities for week

Another table, our usual monthly detailed statement rt
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the nine
months of the current year are, however, given below and for

[ V o l . L X I.

purposes of comparison the figures for the corresponding
period of 1894 are also presented.
Nine Months, 1895.
Description. Par Value
or Quantity
8t00k) Van
RK. bonds..
Gov’t bonds
8ta e bonds
Bank stocks

Actual
Value.

A ct nal
Value.

Aver’ge
Price.

49.33 .0 3
36.580.3'4
$4719; 58656 127960055*. 0 59*2 ] f3*'H4,:ij 2 420 } 2760872^64 63 0
$j89.12h,1‘-0 1270. J22.838 69-6
$2'2.3-7 2 .0 f 182.406,0.-0 72 3
f6,' 96.950
$7.021.1 *1 116*2
$3,3:<3 90*'
14,*'57,244 1 1*7
f4.Hi ,100
$7,008,- 00
f l 906-358 40*0
$8.194,592 45*0
1382,916
»460,886
f 33.251 105-4
1803,537 174-3

Total — #5llP?808 >1 071.809,114 60 1
Cotton, .bis.
31,994.2' 0 $l.Llrtfl.'660 $34*90
Grain.bush. i t 05 870,7 be f l , 59485*17 bt*c.
Total value.

Nine Months. 1894.

Average Par Value
Price. Or Quantity

*3857.622.4 55 ♦2.4518:J4087 63*5
21,69 .700 •81-'.209,*29 $37*31
1,114,131,312 $689.U9 08+^0 l-3c.

45,250931136

*3 95340V50«I

lH-otuelavij g(£o m m erctal E ngltsh-i^etus
[From our own correspondent.!
L o n d o n , S a t u r d a y . Sept. 21, 1895.
Tbe relations of France and Russia are exciting a good deal
o f attention throughout Europe just now. Tbe Russian For*
eign Minister and a Russian military delegation, at the head
of which is a distinguished General, attended tbe French
mili ary manoeuvres which have just ended and were enter­
tained at a banquet by the President of the R* public. Furth­
ermore, the Russian Finance Minister has lately been in
France, aDd a St. Petersburg banker is there at present who
is believtd to be his confidential adviser. One explanation
offered is that Russia and France are merely repli ing to the
Triple Alliance, the Emperor Francis Joseph and an Italian
Prince having attended the German military manoeuvres.
To this it is replied that that does not account for ihe presence
of the Finance Minister and therefore another story is current
which, however, is a mere guess: that France and Russia are
concerting some great movement, and are considering not
ODly the military tut the financial preparations necessary.
A third story is that there is no connection between the visit
of the For* ign Minister and that of the Finance Minister;
that the latter came to France to arrange about another
Russo.ChinPse loan ; whatever the real faces may be, there is
much speculation ; and although the public is looking on
unmoved there is undoubtedly untasintss in diplomatic
circles all over Europe.
Gold continues to pour in in vast amounts. The supply o f
unemployed capital is therefore increasing, and rates of inter­
est and discount are as low as ever and are likely to remain
so for the rest of the year. It is true that trade is improving;
but the improvement is slow and will not for tome time yet
affect the money market. It may be noted, however, that at
the Colonial wool sales in Sydney this week there was a
decided rise in wool, and there is expected to be a further
rise at the London sales which begin next week. Great dam­
age has been done to the flocks in New Zealand ; and although
satisfactory raiDS are reported from New South Wales and
Southern Queensland, it is feared that there has been and will
be much mortality, esp’dally amoDg lambs, in both col­
onics. The supply of wool in the early future is therefore
th< ught likely to be rather short. The woolen manufactur­
ing industry all over Europe is very active.
The silver market is quiet, and this week there has been
less speculation in silver securities. Especially there has been
a decided check to the speculation in Indian rupee paper.
For all that, there is a firm tone. The report that the Russian
Finance Minister is arranging in France for a new RussoChinese loan to be brought out in November is thought to
foreshadow considerable purchases of the metal by either China
or Japan, or possibly both. Nothing is yet known as to
whether the loan is really to come out so soon ; and of course
it is po siblo that China may merely borrow enough to com­
plete tbe indemnity to Japan and so hasten the evacuation of
her territory. For the moment there is very little demand
for silver for the Far East.
The stock markets have been quieter this week than for
some time past. It will be recollected that at the fortnightly
settlement on the Stock Exchange last week there was found
to be a very large “ bull” account and that many of the
weaker operators were unable to carry over. Consequently
realizations have continued ever since. Furthermore the
Jewish New Year holidays, which began on Thursday, have
decidedly checked business. Early in the wetk the Jewish
operators abstained from business, and they have for the most
part been absent since Wednesday. An adverse influence,
too, has been exercised by fears of a strike in the ship-build*

THE

Oc t o b e r 5, 1895. J

in g y a r d s o n t h e C ly d e ; e s p e c ia lly th ere h a s b e e n a fa ll in
S co tch

r a ilw a y s to c k s .

'597

CHRONICLE ‘

A t th e sa m e tim e the fe e lin g o n the

S t o c k E x c h a n g e isa s h o p e fu l a s e v e r , a t d m o st m e m b e r s e x o e c t
th a t w h e n th e fo r t n ig h t ly se ttle m e n t n e x t w e e k is e n d t d

T h e f o llo w in g s h o w s th e im p o r ts o f c e r e a l p r o d u c e in t o th e
U n ited K in g d o m d u r in g th e first t w o w e e k s o f th e n e w se a s o n ,
c o m p a r e d w ith p r e v io u s sea s on s :
IM P O S T S .

a fte r (h e p re s e n t p a u se tra n sa c tio n s w ill b e c o m e la rg e r and

1«93
1892.
3 ,0 a^,850
3,598,236
1,< 17.480
649,572
74-L*63
681,756
64,340
77,615
163,090
314,690
18 1.050
20 3,18 4
392.117
Beaus...................... —
1,564,049
962.625
2,056,656
I niiaa corn............... 2,231,900
1,085,916
731,300
630,013
752,217
F iou r........................
Supplies available f o r c o n s u m p t io n ( e x c lu s iv e o f s t o c k s o n

m o r e n u m e r o u s th a n e v e r .

September 1):

th e r e w ill be a g r e a t r e v iv a l o f business.
In th e m in in g m a r k e t, m o r e p a r tic u la r ly , th e

1895.

Imports o f wheat.owt. 3,85 V »00
C o n tin e n t

c o n t in u e s to b u y , a n d th e r e p o r ts reeeiv* d fr o m P a ris, B erlin
a n d V ie n n a are th a t in te re st in m in e s is s p r e a d in g , an d th at
I t is to b e n o t e d th a t w h e re a s un til

.fcUrley........ ................
O i t a ............................
P->A8 ........................ .

j ,01 >,220
758,880

l-<94.
2,941,296
1 ,$>09,914
7 5 \ l ‘i8
53,649

la te ly the c h i e f in te re st c e n te r e d in th e W itw a t e r s t r a n d t d is­

1895
Wheat l in ported, cwt. 3 ,u59,500

t r ic t a n d

I up orts o f H o u r .......

7 3 4 ,9 0 0

7 * 2 ,2 1 7

Sales o f home-grown.

535,799

394,424 1,00 3,202

o n e o r t w o o th e r d is tr ic ts o f th e T ra n sv a a l, n o w

th e r e is a v e r y la rg e b u sin ess b e in g d o n e ^in th e C h a rtered
C o m p a n y ’s

t e r r it o r y ;

and

th e

in te re st

A u s tr a lia is a ls o d e c id e d ly in c r e a s in g .

fe lt

in

W e s te r n

H e r r S ch m e isse r, the

G e r m a n G o v e r n m e n t m in in g e x p e r t , is in W e s te r n A u str a lia
a t p resen t a t th e ir s t a n c e o f se v e ra l m in in g c o m p a n ie s , an d
i f h is re p o r ts a re

as fa v o r a b le as is e x p e c t e d th a t w ill u n ­

d o u b t e d ly s tim u la te in v e s tm e n t th e re .
In th e Am“iican department n o t m u c h

has b e e n

d o in g

here, p a r tly owing to th e al s e n ce of so m a n y g r e a t op e ra to rs
a n d p a r tly o w i n g t o th e c o n t in u e d g o ld s h ip m e n ts.

B u t w h ile

the p u b lic is a b s ta in in g , it is very c lc s e ly w a t c h in g f o r a n y sign
of a w ise r currency policy on the part of C o n g r e s s . If p ro p e r
measures were t o be taken there is every reason to believ e
that British invistments in the United States w o u ld be o n a
scale perhaps never before witnessed; and no d o u b t the C o n ,
tie ent would invest very largely likewise.
For the past two or three days a check to the a d v a n c e in
Argentine securities has been given by the rise in the gold
premium. Within less than three months the premium fell
about 15 per cent; now it is using rapidly again. The best
opinion is that the fall was brought about by manipulation
aod that it was altogether excessive. However that may be,
stocks rose rapidly while the premium was going d o w n , a n d
now they are declining as it is going up a g a in .
In BruUh securities of all kinds ihtre is little doing, and
not much either in Colonial. Inter-bourse securities are fairly
Srm, being supported mainly by Paris. But tne best opinion
in Paris sterns to be that French rentes will decline, owing
to tne Heavy coat of the Madagascar expedition and the
unwieldiy magnitude o f the ll rating debt, whicn must soon
be funded. The negotiations for a Spanish I >an do not appear
to be making much progress. And the C u b a n e x p e d it io n is
hanging like a mill-stone round the neck o f Spain.
Tne rates for money have been as follows;
Open Markft Hat**.

IS

1
An* ta
** 39
rtapt. 6
** 13
"
20

ImAe BUL*.

Bank Bill*.

Thru
Four
Biz
Thru
•onth* 1 month*' Month*

Four } Six

If
If

3

II

London.

I<
t
le

i

4,961,416
5 130,099
4,087,937
5,188,968
1892.
1893.
1895.
1894
29s 5d.
•Vver. price wheat week.2 2s 101
21s 7d
25s. 7d.
29s. 3d.
25s. 6d.
Average p rice,season..22s. l i d .
22s. Id.
T h e fo llo w in g s h o w s th e q u a n titie s o f w h e a t, flo u r a n d
m aize a flo a t to th e U n ite d K in g d o m :
*»■93.
p/ixsweek.
Cast w eek
i '■94
2,^32,000
Wheat............... qrs. 2,127,000 2.340,000
2.233 000
354, OtO
FI Mir. equal to qrs.
183,010
207,000
3 19,000
357,040
Maize..................qrs.
72 >.000
731.000
23 I,ooo
t -.n g lL li F i n a n c i a l R t r K e u - P e r C a b le .

The daily closing quotations for securities. &c., at London
are reported by cable as follows for the week ending Out. 4:

Part* .. . . . . .
Berlin. . . . . . .
Hamburg ....
Frankfort.
A UKlQfdMD
Bra#**!*
V
......
94. Feterfbar*
Madrid ...
CdMnhMMW.

2
3
3
3
*%
m
6
6
6
SH

Sept 13,
Mar*,
IX
srst
**
m
IX
6
5
»
3%

Ban*
jpm*
Rat* Market
<
3
3
3
IH
2X
6
6
6
3U

m
2H
m
IX
44
6
»
2U

a.
ii4«>
Rat*
2
*
8
3
*4
(M
4
6
8
34

Sal.

London.
•Silver, per o r ............... »1
Oonaols, new, 23ft p. ot»
For aocount..........
Fr’ oh rentefl (in Paris)fr
A toll. Top. A. s. F e........
OAnadtuc Pacino..........
Chesapeake A Ohio.......
Chlo. STlIw. A 81. Paul
Illinois C entral. ..
Lake Shore....................
Louisville A Nashville.
Mexican Central 4 s .. . . .
Mo. Kao. A Tex. com. ..
N\ Y. Central A Hudson
N. Y. Lake Erie A West
2d ooosol*....................

n

T. out. A Western...

Norfolk A West’n, pref
Northern Paoitto. prof..
Pennsylvaulft................
Phil. A Read., per ahar.
Southern Ry., com .........
do
p r » r d ............
Onion P »-iflo..................
W*b»«b, p rsf...................

Mon.

30)>„
107M ip I 0 '9 ,„
107Ulr 107%
100-95 100*85
23^
2 1%
64
G<%
20%
214
78
7&X
1033ft
1044
154
154
os'll
Ot-a
72
72
184
is 4
105\
li 5%
13
134
82 4
83
1*4
18%
u%
I t ’s
19%
If %
574
574
10%
u 3*
13%
13’*8
41
15
15%
2-1
24 4

Tuck
30%
107U ,«
10711j
00-52 4
224
61 4
20%
784
D ‘3%
154
OA
71%
18%
105 4
12\
92%
1H°«
i>%
10
57%
11%
134
■t"%
M%
23**»

Wed.

Th.urs

30M,, 3 0 lt, a
107% 107 1
107U ,« 107%
00*47 H 06-17%
23
23 4
81%
63%
20%
2. %
79
794
1 0 3 4 10 4
151
154%
85%
85
72%
717s
18n
194
105%
105 4
i •%
12%
82%
82%
18%
18%
1*» %
15
19%
l»3g
57%
57%
11
l- %
13%
1338
■ld%
40%
14»9
15
2 -4 24 4

Fri.
30 U ,S
107%
107%
100 25
22%
62%
204
78 7s
1034
1A4%I
6 t 7e
72
18%
l-'5 %
12%
82

Is4

15%
19%
574
11
134
40%
14%
24

©oittiaerctalattd 2$Uscellaucaus litems

Bank* Call. D

The B»nk
of discount and open market rates at the
chief G n tia -ru il cities aare been as follows:
$*pt

1892.
3,599,236
690,013
683,167

u o v e r n m e n t R e v e n u e a n d EXPENDITURES.— Through th e
courtesy of the Secretary of the Treasury, we are enabled to
Interat ailotoed
place before our readers to-day the details of Government
far depottt* fty
receipts and disbursements for the month of September. From
TXu't H'$i previous returns we obtain the figures for previous months,
Joint
and in that manner complete the statement for the nine
Stock At 7 to 14 months of the calendar years 1895 and 1894.

X
X
%
X
X
X
H
X
H
H
H
X
H
X
H
T he fo llo w i n g re tu rn s h o w s th e p o s itio n o f th e B an k o f
E n g la n d , the B a n k rate o f d is c o u n t , th e p r ic e o f c o n s o ls , 4 c . .
c o m p a r e d w ith th e last th r e e y e a t a :
lint
IHIH
1802.
im x
Sept 10
fkpt. 1$.
Sept. 20.
■Sept. Il>
M
£
ft
£
CtronlaUofi -----... .
3i,35f,{^Ct C.M0&.9O3 SW,40a,I?5
PaOHc 4«po*tti. ... ....
.....
0.0U.4O9
4.»23.-75
1*207,890
4,1* 8,193
Other
14
,,*..#4 MSI V #0 40,1*1,050 20,7(?0,080 31.630,680
doT(fniB8(U *i«eqfUi4t............ 14,792.301 11.910.437
9 ^ 0 ,4 1
ll.7QL.t54
O ihif MMsufttlea
„
£5**65,721 19.743,049 21.4-6.3 57 24,766.000
o f notm an>1 coHQ. .
33,»tH,j>2l 31. t I W
18,33U.H51 17,689.791
Ota * bollkna. both d«iNkltm'bB 44/6 *,036 30.573,327 57.370,210 27,W8,&M
if Pop-, rsmarsn to ttahilttt«o.,p,e»
W*4
70 l 1-10
S3 13-10
40M
Bank. cmin.
otr cent.
f
2
:$*4 (9«0t,fl>
2
Gcnaola, lift p«r e «Q !,„ ...... .
107 Ii-10
*>
7$4
102*4
07 3-16
Stiver
as*#*.
*20 6-18&
940.
0«irtRf*Hotu m rstaroi
Iil,-510,>XK> 121.761,000 126,468,000

Bank
Hat*.

1 ,0 9 5 .9 1 6

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

a s c s ir r s (0 00. omitted).

f H-U IS M U *13-16
l
thgM«,jl!g*IH
% H - l l l « M-lft ltf HmH m i 1 i« i% i% «i%
2
H
It-PS %.t3-U M *t
i«n <
% K -u-iu it-ia-4< n m i
t
i% i% «t%
2
1 1 1H

Interest at

1894
1993
2 ,9 i 1.296 3.099.350

.4tiff. 80.

Open
Mark*

Bank
Rat*

Open
Market

i

2
3
3
3
*H
V4
4
6
8
34

ng
IH
IX
m
IX
‘X
m
SX
6
34

iH
t
i
m
*M
6
34

1803,

1894.

N.Bk.
Cm*- Inter' 1 IU4*p. Aflac' lotai.
tom*. fiev'vr Fund STrcc

N.Bk
Oua- Inter'. lied'p. MUc' Total.
tom*. Rev’ur Fund 8,rct*\

$
$
>
«
1
6
•
0,117 1,10" 1.87: 29.098 12,437 9,015
i»n---- 17,00
/eb -., 13.WV 8.80*
21
60:
i 10,880 11.060
9 arch- 14.03
9.836
614
68« 25,996 | 11,359 12.808
7m 2,457
n .ou
iphU
! 9,021 12,803
May
18.47. 10.75*
414 2.013 25.08« • B.M23 12.207
Jane.
12,180 I M ll
8M3 1.674 25,908
8,850 15,170
8,427 25 200
•aly.... 14.07T 12.80*
182 2.001 20.251
15.63'
1QK
12,172 356 l.lik stf.sn. 11,8 6 27.50*
iapt... 14.85; 12.26
47*80 28 02*: | 16^06 6,182
* .11 A. JW.455 09,73. 4,404 I3,3i0 248*800 1 97,786 18S.0HB
mimrmft* m* irro motto omitted, s
1896.
OnUnarp.

*
*
2,81"! 27.036
82s 24,750
070 25.928
1,77'‘ 20,508
2.200 24,580
2.44>- 27,615
1*18 1 35.097
1,030 41,050
874 j 24.217

13.620 ia,|i;8)237,480

1804.

N.Bk.
Vn
In- Red’ v Total.
non*. terut Fund.

N.BIo
(Jrdi- j PenIn- Rcd’p.
'Jotal
nary . *U>n». teresi Fund.

1
%
I
«
t
16,157. 8.900 7,167 1.178 32,488
200 1,007 27,828
14,088 11,5 >
18,170j 19,87 j 218 1,105 32,877
10,845! 10,162 5,57* 1,210 33,2^0
10,8:f0j 12,07
89, 1,888 32,000
201 1,160 20,720
14,371 10*89
942 37,510
10,7d2 12. 02 7,014
710 32,374
10,411 11,335 012
17,411| 12.5V-0 322 770 31,093
0 mos. 133,833 lOl.HUlss,■<01 10.*0S!*7<,8H>! 140,!J83 l"4.750 22,04* 0,h8i 280.350

Jao__
r«b ....
March..
-19111..,
May
June...
July....
An« ...
Sept—

1
«
17,381 j 10.054
11.70s 12,m
13,81*1 11,023
15,4-*4 Il.WJt,
I3.00H ik.ooa
11,1811 10,201
18.486! 12,75**
18.487 12.302
13,3If | 10.708

*
2,7t‘>
2,40
1,-8
2.278
76
1,15s88^
083
1,500

t
7,0Hh
1.521
20*
5,620
1,751
20m
7.308
1,¥40
290

%
1.414
1,355*
1,270
1,090
l,27e
1.22V.
974
047
935

I
36,08
27.oa:27,00'. j
34,080
29,8i*7:
22*018
39^22
83.2 5|
25.255

C h a n g e s in L e g a l Te n d e r s a n d N a t i o n a l B a n k .No t e s t o
O c t o b b i 1. — The C o m p t r o lle r o f th e C u r r e n c y has fu rn is h e d
us th e f o llo w in g , s h o w in g th e a m o u n ts o f n a tio n a l b a n k
n o te s S e p te m b e r 1, to g e th e r w ith the a m o u n ts o u ts ta n d in g
O c to b e r 1, an d th e in crea se o r d e cr e a s e d u r in g th e m o n t h ;
a lso th e c h a n g e s in le g a l ten d e rs h eld fo r th e r e d e m p tio n o f
b a n k notes u p to O c to b e r 1. ,

598

THE CHRONICLE

i National B ank Notes—
Am ount outstanding September 1 ,1 8 9 5 ___
A m ount issued dining Septem ber.................
Am ount retired during S eptem ber...............

$1,239,120
726,056

$212,249,173

Am ount outstanding Ootober 1, 1895*

$24,258,830
$633,587
727,057

93,470

Amount on depos’t to redeem national
bank notes October 1, 1 h9 5 ..................

According to the above the amount of legal tenders on
deposit October 1 with the Treasurer of the United States to
redeem national bank notes was §24,165,360. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
b a n k s going into voluntary liquidation, and (3) by banks
reducing or retiring tbeir circulation, was as follows on the
first of each of the last five months:
June t.

July. 1.

Sept. 1.

August 1,
$
9 6 2 ,7 /0
5,185,669

$
1,017,913
5,169,660

___T o ta l....... 26,418,451 25,*3?,600 24,704,475124,258,830 24,165,360
* Aot o f June 20, 1874, and J u ly 12,1882.
C o in a g e b y U n it e d S t a t e s M i n t s ,— The following state­
ment, kindly furnished us b y the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of September and the nine months of 1895.
September.
Pieces.
Double eagles..
Eagles...............
H alf eagles___
Three dollar?..
uarter eagles,
ollare..............

21

52

509,711!

7,543,572

90J
542.090
732.090
190.090

90
271,045
183,023
19,009

862,560
3,570,646
7,041,211
2,040,560

862,560
1,785,323
1,760,311
204,056

l,464,360j

473,167

13,515,007

4,612,250

552.240
3 430,240

27,612
34,302

9,839,274
19,533,026

491,964
195,330

29,372,300

687,294

Total gold.

Total silver.

Value.

5,213,320
2,170,160
160,040

Standard d o lla rs...
H alf dollar*............
Quarter dollars----Dim es..................—

F ive cents.
One o e n t...

Nine Months.
Pieces.

Value.

260,666
217,1-16
32,008

S

Total m in o r ...

3,982,480

61,914

Total coinage.

5,956,551

8,078,653

1,207,419 24,148,380
647,371 6,473,710
1,352,992 6,764,960
65

162

3,207,847 37,337,212

46,095,154 42,686,756

I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The following are
the imports at Ne w York for the week ending for dry goods
September 26 and for the weekending for general merchandise
September 37; also totals since the beginning of the first week
in January.
F O R E IG N IM P O R T S AT N E W Y O R K .

1893.

1892.

For Week.

1894.

1895.

Dry G oods.......
Gen’l mer’ dise.

$3,519,888
7,264,534

$1,515,548
4,727,985

$2,233,362
7,963,666

$2,838,334
6,918,570

Total..........
Since Jan. 1.
D ry G oods.......
Gen’l m er’dise.

$10,814,422

$6,243,533

$10,197,028

$9,756,904

$96,756,001 $103,274,474
329,088 880 334,280,868

$809,600 $27,238,854

Total 1895........... 1
Total 1894...........
Total 1893...........

Coins.—Following
coins:
Sovereigns........... $4
Napoleons ......... 3
X X Reichtnarks. 4
25 Pesetas........... 4
Span. Doubloons. 15
Mex. Doubloons. 15
Fine gold bars.. . .

$65,748,263 $112,744,092
259,805,568 277,083,290

T otal 38 weeks $425,844,881 $437,555,342 $325,553,831 $389,827,382

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending October 1 and from January 1 to date :

Week.

Since Jan. 1.

16,142
114,450

19,961

095,2921
31,232'

"4,194
2,192

$55,572
3,451
6,168
315,930
371,481
684,978
20,328

$810,200 $28,120,369
730,675 25.935,48
615,550 24.257.6671

*26,347
16,132
91,593

$1,457,908
1.315.871
2.949.871

are current quotations in

gold for

600

85 -®$4 90
85 ft 3 90
70 ft 4 80
75 ft 4 82
50 -@15 75
50 ft 15 75
par ft *4 prein.

Fine silver ba rs... — 07 ft — 63
Five frau cs........... — 90 ft — 95
M exicau d ollars.. — 5 3 * ft — 54
Do unoom’m al.. — — ft — —
Peruvian sols.......— 49 ft — 51
English silver . . . 4 85 @ 4 92
U. S. trade dollars — 55 ft — 15

City Railroad S ecurities—Brokers’ Quotations.

$
888,656
5,065,315

Insol v 'n t bks,
949,924
L iquid's bks
5,264,718
Ked’c ’g under
act o f 1874* 20,203,809 19,351,027 18,556,096 18,241,435 18,211,389

Denom ination.

Great B r ita in ......
F rance......................... i
Germany......................!
West Indies...............
M e x ico .... ................
South A m erica.........
A U otber countries., i

Oct. 1.

$
934,280
5,083,115

Imports.

Since Jan. 1 '

Week.

$24,165,360

* Circulation o f National Gold Banks, not included In above, $89,697.

Deposits by—

Exports.

Silver.

513,061
$212,762,237

Legal Tender Notes—
Amount on deposit to redeem national bank
notes Sept. 1 ,1 8 9 5 ..........................................
Amount deposited during Septem ber..........
Am t reissued and bank notes retired in Sept.

|VOL. LXI,

Bid.

Ask.,

Atlan. Ave., B’klyn—
Con. 5s, g.f 1931..A&0 107
Impt. 5s, g., 1934.. J&J 85
Bleek. St. & Ful.F.—Stk. 29
31
1st mort.. 7s, 1900. J«fcJ $110 112
B’ way&7tn Ave.—Stock. 195 200
1st mort., 5s, 1904.J&D $100 108
2d mort., 5s, 1914. J&J $109 112
B’way 1st, 53.gnar.1924 $112 117*
2d 5s.int.as rent’1.1905 $104 * 106 4,
Consol. 5s, 1943...J&D 11434 115
Brooklyn City—Stock.... 1784, 180
Consol. 5s, 1941...J&J 115 110
Bk]yn.Crosst’n5s. 1908 105
Bkrn.Q’nsCo.&Sub.lst $102 4, 105
Bklyn.C.&N’wt’wn—Stk 200
5s, 1939 ........................ $109 4,
Brooklyn Traction.........
14
13
Preferred......................
59
62
Central Crosstown—Stk. 185 200
1st M .,6s, 1922...M&N $118
Cen.Pk. N.&E.Riv.—Stk. 164 167
Consol. 7s, 1902... J&D $1144,
Christ’p’r&lOth St.—Stk. 150 155
1st mort.,2898 ...A & O 1054* 107
$ And accrued interest.

B id .

A sk

Columbus & 9th Ave. 5s. I l l liT*
D. D. K. B. & Bat’y—Stk. 164 168
1st, gold, 5s, 1932.J&D 114 116
S crip ............................. $103 4, 105
Eighth Avenue—Stock... 330 350
Scrip, 0a,1.914 ............ 103
42d & Gt . St. Fer.—Stock 320 330
42d St.& Man.&St.N.Av. 56
59
1st mort. 6s, 1910. M&S $11534 117
2d morLlncome 6s. J& J; 55
60
Long Island Traction.—.. 20 k 21
Lex.Ave. & Pa v. Ferry 5s.' 111 111*4
Metropolitan Traction... 100 k 101
Ninth Avenue—Stock...I 155
Second Avenue—Stock­ 155 160
is t mort.,5s,1909.M<fc Nj 108
Debenture 5s, 190y. J &JI 103 104 *
Sixth Avenue—Stock__ 1 212 216
Third Avenue—S tock.. . | 19434 195 4,
1st mort., 58,1937. J&J 1214, 122
Twenty-Third St.—St’k.. 300
Deb. 5s, 1903............... 1 100 105*
Union Ry—S tock ........... 107
1st 5s, 1942................... $104 106
1 Westohest’r, l 9t,gu.,5s. $1014, 102 4,

Gas Securities—Brokers’ Quotations.
Bid. Ask.

GAS COMPANIES.

GAS COMPANIES.

Brooklyn Gas-Light........ 130
Central............ .................. 150 itfo’
94
Consumers’ (Jersey City). 91
100 104
Citizens’ (Brooklyn)........ 70
Jersey City & H oboken- 180
Metropolitan—Bonds....... 108
Mutual (N. Y ................... 173
Nassau (Brooklyn).......... 220
100
N. Y. & East Riv. 1st 5s.. 95
9534
54 4
52
Preferred .................
32
Common.......................... 30
Consol. 5 b ..................... 77* 78 4

Bid.

Asiu

People’s (Brooklyn). ...
97
Peoples’ (Jersey City)__ 170 175
Metropolitan (Brooklyn) 180
220
1st 6s.............................. 105
Fulton Municipal............ 175
Bonds, 6s....................... 105
190* 198*
Bonds, 0s. 1899 ............ 100
St. Paul............................. 65
68
Bond*, 5s....................... $88* 90*
Standard pref................. 106 108
Common............... ......... 00
68
09
Western Gas ..................
71
Bonds. 5s........................ $95
97

§ And accrued interest.

Auction Sales.—Among other securities the following no
regularly dealt in at the Board, were recently sold at auction
By Messrs. R. V. Harnett & C o.:
jBonds.
$11,000 To eka Water Co. 6s 25
$1,000 Fort Scott Water Co.
6s, 1912, Sept.,1895, cou­
pon attached........................$50

Bonds.
$17,000 N. Y. City Suburban
Water Co. 6s .......................... 40
$23,000 Cape Girardeau 80.
Western RR, 6s.................... 30

By Messrs. Adrian H. Muller & Son:
Shares.
25 Met. Gas-L. Co of B k ly n .1 96*
5 L aw yers’ Title Ins. Co. . 150
40 Continental Ins. Co.,N\ Y .2 8 5 *
Bonds.
$15,600 Burl. & M j . Riv. RR.
in Neb. 6s, 1918, J & J .........1 1 8 *
$1,000 Seventh Reg. Veteran
Club 5s, 1903, A & O............ 75

Shares.
8 Quincy R R . Bridge C o ... 179
394 Pennsylvania R R .C o . - l l l * - 1*
6 H om e Insurance C o ___1 5 1 *
60 U S. Fire Insurance Co. 9 1 *
19 Tradesmen’ s Nat. Bank. 95
15 H arvey Steel C o..............127
15 Central Trust Co..............1015
6 Brooklyn B an k ............... 160
25 Wagner Palaoe C o...........160

EXPO RTS FRO M N E W Y O R K F O R TH E W E E K .

F or the w eek..
Prev. reported.

1892.

1893.

1894.

$5,483,542
286,007,186

$7,606,377
273,036,030

$6,806,856
267,875,238

|

ganM ns

1895
$5,912,627
247,426,915

B A N K E R S,
iJ & 2 9 P IN E

eotd.

Week.

Since Jan. 1,

Great B ritain..........
France........................
G erm any...................
West Indies..............
M exico.......................
South Am erioa.........
A ll other countries.

$38,811,080
13,482,073
8,338,086
$2,506,000
7,559,793
7,837

Total 1895 .
Total 18 94..
Total 18 93..

$2,517,837 $69,455,374
2,000 84,287,296
174,300 69,830,429

4,000

1,002,854
261,488

STREET,

I N V E S T M E N T

S amuel

Imports.
Week.

3,600
291
62,790
405

$67,086 $23,410,418
50,685 14,293,473
431,978 56,846,242

-

YORK.

NEW

D.

S E C U R I T I E S .

D avis

&

C o .,

B ANK ER S,

Since Jan. I.
$15,741,724
4,603,988
1,527,191
861,897
51,463
550,042
71,113

-

65 Stale Street, Albany.

E X P O R T S AN D IM P O R T S OF S P E C IE A T N E W Y O R K .

Exports.'

ffiu a u c ia l.

S pe nc er T r a s k & C o . ,

Total 39 weeks. $291,490,728 $280,642,407 $274,682,094 $253,339,542

The following table shows the exports and imports of specie
at the port of New York for the week ending September 28 and
since January 1, 1895, and for the corresponding periods in
1894 and 1898 :

and

NO. 40 W I L L

S T ., N E W

Sam uel D. D a y is .
George

Ba

rclay

M

YO RK .

Ch as. B . V a n N o stran d .

Moffat.

A

offat

& W

lexander

M. W

hite

h it e ,

Jr

,

BANKERS
30

P I N E

S T R E E T i

-

-

N E W

INVESTMENT SECURITIES.

Y O R K .

THE CHRONICLE,

October 5, 1895,}

■ g lt e

599

Posted rates of leading bankers are as follows :

g a n g e r s ' (g a zette.

October 5.
D I V I D E N D S .
Same o f Company.

Per
When [
Books closed.
Cent. [Payable. (Days inclusive.)

R a ilr o a d s .
*AtUnti*! Ci> »st L in e ....................
1%
Berkshire (q itir .l...........................
l “-3
Boston v Prot . trotr. (quar.)—
2*-»
Cuuiberiaorl Val try KjO.ir.) . -----Eel Hirer, tru ,.r. .1....... ............ ..
European Jr North American —
North'll o f N H rapahira (quar.)
OU1 Colony (q*mr.t.,_....... .
Sioux City A Po, itie. pref............
V e n t out A Massaeha»ett3, gu»r.
H a n lcii.
Xerv York Produce, E x ch an ge...
Murray Hill tq u .r > ....................
F ir e I n s u r a n c e .
X ortb River.......... ..........................
3
* li» e e l!a u e o u a .
A m erican T obacco, com . (quar.)
3
P ref. (quar.)............................ .
2
Cambria Iron...................-•.............l2*-**'k S o v .
O afitu Co. ill. ti i com. (quar.).. 1*3
Oct.
l*t pref. iq o a r.).—.....................
!*>*> v ov
2U pref. (quar.)...........................
l* * j
National H>. o f Si. i.otil* (quar.)
% Oct.
Xewtou (Many.) St. B y . (q u a r.).. 2
Oct.
X. Y. ,v X. J. Telephone iquar.).. it®
Oct.
No. Chlt'aeo Street Ry. {quar i.
S
*Oct.
■ Erteueouely reported in our last is mi*- as Wiluiinqtou A Weldon.
W A U . D T E E IT , E B IS A E . O C T . 1, 1 S M .- 3 l*. M .

The Muncy Market and Financial Situation.—Busi­
ness in Wall street has been dull and generally featureless
during the week and prices for all classes of securities have
moved within a very narrow range. These conditions may
be accounted for In part by the interest manifested in the
cotton and grain markets, which continue to be favorite
fields for speculation.
Of the few features of interest the more favorable condi­
tion of the foreign exchange market and the cessation of
gold shipments are among the more prominent.
The statements of the principal European hanks, published
on Thursday, are of special interest. They all show consid­
erable losses of specie and a large increase of outstanding
circulation. This though does not amount to *s much as
would appear from the bare statement. So far us tne Bank
of England is concerned the loss is due not to an export but
wholly to a movement o f £970,937 to the interior of Great
Britain.
We learn from excellent authority that progress is being
made with the new Reading plan o f reorganization, and that
it will soon be announced.
The anthracite coal business continues to improve and evi­
dence is accumulating that this important industry will soon
bo established upon a firmer basis than it has occupied dur­
ing the year thus far.
The phenomenal development in the iron trade is retlected
in the advance in prices during the week o f the stocks and
securities of some of the iron-producing properties. This is
especially true of the T<mn>>-"*« Coal *fc Iron Company, the
Illinois Steel Corn puny, the Colorado Fuel it Iron Company
and the Duluth & Iron Range Railway Company.
The money market lias been somewhat more active, owing
to the demand from the interior and the October first settle­
ments and disbursements.
The open market rates for call loans during the week on
shykand bond collaterals have ranged from t ■-} to 2}£ per cent.
To-day rates on call ware IJjf to 2’^' per cent. Prime commer­
cial paper is quoted at 4}-£ to 51* per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £979,937, and the percentage
of reserve to liabilities was 59*63 against fit-32 last week: the
discount rate remains unchanged at 2 per cent. The Bank of
France shows a decrease of 17,930,000 francs in gold and
1,71*0,00) francs in silver,
I he New York City Clearing-House banks in their statement
of Se pt. 28 showed a decrease in the reserve held of 32,479,300
and a surplus ever the required reserve of 122,296,175
avaln-t 322,413 500 the previous week.
1835.
fit pi. 28.

1Ditferen'sfram

1894.

i r r tr . teeth. \ Sept. 29.

1893.
Sept. 30.

*

c a p it a l ................ 62,622,700
61,,622,700 609422,700
• o r p in .... .......
71.512,lo e
I 71..041,900 71,1594,800
bean* A dlse'iii*. 8H,37e,VOO Drc.5, .8 6 6 , *X>;4!*7,,.561.000 392,1,494,100
C lrenlattan . . . . . . 14.102,0001 Ino. 301. 500 10,,3*13,900 14,i395,000
Diet d ep o sits.. 5 4 9 , 1 3 * ,500 D « ,9 , 327,,900:586,,633.5 0 330,!,930,400
Bpeeie. ___
61.677.5CO Dec. 293,,1001 92,,0lo,5 00 80,1786,200
Lena! tenders---- 97,962,800 Ii«C.2 , 186, 200 m . 439,700i 4t;079,40O
R eserve h e ld ..... 159.580,300 Dec 2, 478, 300 207,,450,200 121,869,600
besa i c-a e rt* ___,137.284,125 Deo. 2,,331,,075 146,,658,375, 97.745,loO
Surplus reserve

s2.2Q0.17A !>*■■

; 47.32.V 0".7:*l

21,12". .....

Foreign Exchange.—The foreign exchange market has con­
tinued weak on a liberal .supply o f commercial bills, and rates
Lave further dec lined. Gold bills have disappeared from the
market, and no gold has been shipped to Europe during the
week.
To-day actual rates o f exchange were as follows : Bankers’
.
c a b le s, 4

88}-|.

Sixty Days.

Dc-nand.

Prime bankers’ sterling bills on L ondon..'4 87 -3,4 8 8 4 88 ® 1 $9
Prime comm ercial .....................................'4 861194 86*c
............
Documentary com m ercial...................... 4 95% .,4 86 ;
Parts bankers’ (fra oos)............................... 5 1 9 % -5 I81*i« 5 18*835 I77la
Amsterdam (guilders) bankers................. I -1O’ ,„ 1 10Is
4O3,„®40>i
Frankfort or Bremen(reiohmarks) b’kers* o -* s *>953l6 _j55% ® 95U lg

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling Jj^l-10 premium: Charleston, buying }£ discount,
selling p a r ; New Orleans, hank, $100 premium: commercial
$2 00 premium: Chicago. 5')3.@60c. per.$ ,00) discount: 3t.
Louis, 50@75c. per $1,000 premium.
United States Bonds.—Government bonds have been act­
ive and quotations are higher than last w ck. S d e ia tth e
Board include $300,000 4s. coup.. 1925 at 122}.,' t> 125: -$2,500
4s, reg , 1907 at 11 Id, to 113}g : $5,000 5s, coup., as 116$ ind
$1,000 4s, coup,, 1907 at (**x. iut.) IIII4',
Following are closing quotations:
Interest Sept.
Periods 28.

Sept.
30,

Oct
3.

Oct.
I.

Oct.
4.

2s , ......................reg. Q.-M 0R. * 96*4 * 97 * 97 * 97 * 97 * 97
4s, 1 9 0 7 ............. rev. 4 .-J a n . U U % *111% 1 1 2 % * m % * i u % 1 1 1 %
A», 1 9 07...........conp, Q.-Jati. 112% 1124, x t l l M m % :* m % *m %
4s, 1925..............rev. .q.-Fob. 122*3 ' 122*3*132*3 123% *122*4 *122*4
4s, 1925......... .coup. iq .-F cb . 122 *9 122>V 122*3 121% 122*s 123
-Fflb. 115% '115% ’ 11 > % : * U 5 % H l i %
5s, 1904..............reg. q.
115%!'
5s. 1904........... coup. a.- Fob. *113V 15% 116% * 115% *115% * 1! 5%
6s, our ,y ,'9 6 .. .reg, K & j . *100 ' too *100 i*100 1*100 ,*100
6-, our’cy ,'9 6 ...re y . f. & j . *101%’ 101*3 *101% ’ 10) kj1' 101*4 *10114
6s. oa r’oy,'97. .reg. r. a j . *101*3 101*4 *101*4 ■10414! *10 l*s * i 01 ’4
r. * j . •103 ' 103 *1**8 ‘ 108 *108 *103
6s, onr’uy,'98.
6s, onr’o y ,'9 9 .. reg. j . & 3. •no '•ao *iio 1n o
n o *110
4s, (*:her.)1896.reg. M arch. *1 4)% 100% * io >% 100% 1 11)% *100%
4s, (Cher.) 1897. res- March. *,004, 100% *100 8 •ioo%|*ioo% *ioa%
4.8, (CUer.U89S.reff. March. *105% 100% *100% ■100% *100% '100%
As. (Cher.)18 9 9 .re*r. March. l* ,004* ’ 100% * U10% ioo%|*ioo% ‘ 100%
* Tins is the price Old at the [uorutmr board, no sale \v *■ u * La,
United States Sub-Treasury.—The following table shows
receipts ami payments at the Sub-Treasurv.
Date.
Sep. 28
** 30
Oct. i
•• 2
«
3
*• 4
Total

HUcexpi*.

P aym tn ti.

Balance$
Com .

$
2,560,89*
2,387,"93
2,901,131
3,089.698
2,841,27*
2,630,353

$
89,519,148
90,990,417
91,170,018
91,180,2-9
91,478,378
91,313,477

22,310,954! 17.313.489

.......

9

3,138,816
4,340,667
4,578,688
3,721,206
3,143.020
3,385,6"7;

Ootn Oert't.j Ourretiny.
$
*
741,157 104,140,072
618,52 * 104,7*4,990
491,913 1 16,069,655
« 4 7 .‘ »2 105,638,216
84 ,570 105,738,193
1,015,0.19 106,161,419

State and Railroad Bonds.—Sales of State bonds at the
Board include $5,000 Alabama Class A at 109>£, $0,000 Louis­
iana con. -is at 98}*,', $10,010 Virginia fund, debt 3 3s of 1901
at 03, and $39,000 Va. Os defd trust rents., stamped, at 6$ .
The railroad bond market lias been steady to firm, with the
activity confined ohiefiy to a few issues which include the
Atchison, Chesapeake ’& Ohio, Chicago & Erie, Louisville N.
A, & Chicago, Mo. Kan. A Texas, No. Pacific, Oregon Imp.,
Oregon Short Line, Phila. & Reading, St Louis Southwest.,
Tenn, Coal & Iron, Texas & Pacific, Union Pacific and
Wabash bonds. Duluth & I. R. lsts have been strong on the
excellent showing of the company's business and have gained
1}} points. D. & Rio U. have advanced about 3 points. Ore.
Imp. Con. 5s have fluctuated between 8 0 $ and 40, closing at
88$ . The Atchison & Reading issues have been steady and
Tex. & Pacifies strong.
Railroad and Miscellaneous Stocks.—The stock market
has tulei firm on a limited volume o f business, which has
been largely of a professional character. Prices in the
railroad list have generally moved within narrow lim­
its. The grangers have been strong on increased earnings
and the certainty of heavy traffic during the coming months.
North West, and Burling’ton & Quincy have made fractional
gains within the week. St. Paul has been the most active of
the group and is reported to have been freely sold for London
account,but has been readily absorbed, The leading coal stocks,
except Reading, have been exceptionally dull, and are firmly
held. Lackawanna & Western advanced nearly 4 points
above the previous highest price of the year on Tuesday, but
even that rise failed to bring out much stock. Reading has
been the most active of the railroad list, fluctuating within
two points, and close* at 20Jg. The Southwestern stocks
have been firm on liberal sales. Wabash pref. and Wheeling
& Lake Erie shares have been relatively active without
notable change iu quotations.
The industrial list has, at usual, been in favor with the
speculating element, with Chicago Gas, Am. Sugar and Dis­
tilling the most conspicuous. The former has advanced
on buying reported to be by strong interests, and ex­
pectation of an early reorganization. Distilling reached the
highest point of the year on Monday, when it sold at 25$. It
is again reported that conflicting interests in this property
have harmonized, and that the reorganization will soon be
completed. Tenn. Coal & Iron has advanced about 2 points
and Illinois Steel 7 points, on the improved conditions in
the iron industry. The market has been weak to-day in con­
sequence o f a reported break in Kaffirs at Paris, higher rates
for money and liberal selling for foreign account.
Declines are general, averaging a point or more.

600

IH E

CHRONICLE.

|V ol . L X I.

NEW YORK STOCK E X C R A W B -4 O 7 T P 0 STOOCS fo r week enliug cn rO B V R 4, and sinae JAN. I , I 8 « 5 .
HIGH EST AND LOWEST PRICES.
Baturday,
Sept. 28.

Monday,
Sept. 30.

Tuesday,
Oct. 1.

Wednesday,
Oct. 2.

Thursday,
Oot. 3.

S a le s 01

Friday,
Oct. 4.

STOCKS.

the
Week,
Shares.

Range for year 1896.
Lowest.

Highest.

A c tiv e K H , M o ck * .
33,127
22% 21k 2 ? % At. Top. At 8. kvf all inatal.pd
3*2 Jan. 30 23%) Sept. 20
300 3 0 * Sept. 16 36*2 Sept. 3
33 S. *32*« 33^*
Do. prof., when issued.
2Id *2 Fell 27 2 May 13
1
I Atlantic A P acific....................
1%
802 49 Mar. 8 66 % Sept. 9
64*2 63*2 6312 Baltimore & O h io ....................
60 k 60* Canadian Pacific...................... l,lis 33 Mar. 8 62*2 Sept. SO
62
4,13
d 48
54®g ft47e Canada S outhern....................
55%
Jan. 30 57** Aug. 29
55*2
1,140 81*2 Feb. 18 1 6 *2 Sept. 4
111%
113% 113 114 M Central of New Jersey............
127e Feb. 6 21 % Scut. 4
19*2 *18*2 1912 Central P acific.........................
19*2
2,110 16 Jan. 29 23%. May 11
19% 19k Chesapeake & O h io .................
20
20*f
* 163
147 Jan. 9 1*0 Ju ly 9
Chicago 4 A lt o n ......................
86
87%
87% Chicago Burlington & Quinoy 55 ,0 lb 69 Mar. 4 923s J..ly 29
87%
40o 49% Oct. 1 57 May 8
.. ___ Chicago 4 Eastern Illin o is..
14o 90 Jam 31 106 Sept. 5
101% 101%
101 101
Do
p r e f.
7c % 77%
76*8 773h Chicago Milwaukee A St. Paul 104,558 537e Mar. 9 7 8 7gbep t. 4
75% 76%
77*2 77%
77% 77%
76% 77%
1,S30 114% Mar. 29 130 Sept. 5
126 126
*129 130
126% 126% 126% 126% 126*2 127k 127 127*2
Do
pref.
7,666 8738 Mar. 4 106®b Aug. 29
1 0 1 % 1047. 103% 10 1% 104*4 10i% 104% 105H 105*2 105% 10450 105% Chicago & N orthw estern.......
11 137 Feb. 14 14 b Sept. 24
*47 117
147 149 *147 149** *147 150
*147 149 * 147 149
Do
pref
23,848
7 7 % 78% c h 1oago Rook Island & Pacific
60*2 Jan. 3 843s Aug. 28
79
79%
78% 79
78
78%
78% 79 *4 78% 79%
1,215
44
28% Mar. 8 46 Aug. 29
*43
44
43*2
4
Jk
4
3
s
44
44
Chicago
St.
Paul
Minn.
<s
Oin.
43%
43*2
43% 43*4
bO 104 Mar. 30 128 Sept. 6
121 121%
120 120
*120 122 *120 122 *120 122 *120 122
Do
pref.
3,94o
4630
45
47
46%
46%
46*2
35
*e Feb. 13 50 Aug. 28
46%
4
d
78
46
45*2 Cleve. Cinoin. Chio. «te St. L ...
45*2
45%
*94
97
82 Jan. 10 97 Aug. 28
*9 4
*94
97
97
Do
pref
b
oo
23%
23%
16
Jan. 29 277e Apr. 1
24
*23*4
243s
*23%
*23%
24
24%
Columbus Hooking Val. A Tol
2**4 21*4
24%
65
*o2
*62
65
*62
65
55 Jan. 9 69% Mar. 27
*62
65
*62
65
*62
65
Do
pref
2,135
1347eS ep t. 4
133
133
133
123
Mar.
133%
133%
133 133%
134
133% 133% 133*2 133%
Delaware A H u dson................
1,023 155% Mar.
174 O c t
1
170% 170% 17 i 172
1*9*2 16 4% Delaware LaokawannaAWest
*169% 110% "169% 170% 170 174
I % Sept. 10
10*«
Jau.
29
17% *16% 1 /
*17
*16% 17*8 *16% 1 7 % *16% 17*0 * 16 »2 17*8 Denver A Rio G r a n d e ...........
MOO 32% Jau. 29 55% Sept. 9
53
*5 3 % 54*2
53
53
53% 54
53% 5 3 % 53% 53*2 _
53%
Do
pref.
l o o 30 Feb. 20 51 May 11
30
30 Evansville A Terre B au te___
*2)
37
*27
*30
37
*30
37
37
*37
124 128 *124 128 *124 128 *124 128 Great Northern, pref
100 Jam 28 134 Ju ue20
*124 128 *124 128
237
101 l o l
101 101 *100»2 10. *2 *100 <2 101*2 * l UO *2 101 *2 Illinois C entral..........
106 Sept. 4
81*e Jam
*100% 102
DUO
538 Jan. 28 I I *2 J uue 13
*10 2 11
10*2 1 0 % 10*2 10*2
11
1«>*2 10k Iowa Central..............
* 10 *2 11
Do
19 Jam 31 38 Sept. 3
*3 .% 36
*34*2 35*2 *24*2 25*2 *34 *2 35*2 *34% 35*2 *34*2 35 *2
pref.
555 15*4 Feb. II 28 July 23
25
*25
25
25
*24*2 25
*24% 25
25% *2 4% 25 s. Lake Erie A Western
25%
595 69 Jam 2** 85 June 26
*76
*76
7*% 78% . . Do
*76% 78
78
78
78
78
78*4 79
pref.
1,0 3 134*2 Jau.
15030 151 Lake Shore A Mloh. Southern
153»« July 23
150 150% 150*2 150*3 150*2 151
'150 151
InO 150
302 83*2 Apr. 19 88*4 Jam 5
'85
*85
87
86
86
87
86
86
87
84*2 8 4 ^ *85
1,6 - 7
5 Mar. 25 22 Sept. 4
20% 20%
20
20%
19 k 20% Long Li-laud Trac.,all ins. pd.
20%
20*8 *20
20*4 20*4 20
6,572 4 6 78 Mar. 12 66*8 Sept. 4
64
62% 63%
64
61
63*4 63%
63*2 63%
64*8 62*2 63 k Louisville A N ashville.. . . . . . .
650
6 Mar. 6 10% May 24
*9 % 10
9%
10
i0
9%
*9*2 10
*9*2 10
9%
2,14u
20 Jam 4 2 9 7h Sept. 4
28% 28%
Do
pref.
28% 28%
28% 28%
28% 28*2 28 8. 28%
28% 28%
5 ,i3 0 104 Jam 2 1 1978 May 7
109% 110% n o
111 *2 l l 430 112*2 112*2 110 44 112% Manhattan Elevated, consol..
1 1 0n 111
no
2oO 91% Mar. 4 10J June 18
102 Michigan Central...........
*100 102 *100 102 *100 102
101*2 101 *2 101 101 *101
3,020 14 May 28 2 6 % Sept. 5
2530 25 M 2 5 70 26
26
26*4
25% 25 % 25*4 25*4 25
26%
44 L 79 May 23 88 June 19
Do
86*2 86
8.->% 80% 86
86% 86%
87
86
86% 86% *o0
1st pref.
2,L?3 39*2 May 23 62 Sept. 5
Do
60
60% 61 *2
61
60
60% 61
60
60
59ia 5 9 % *59
2d pref
5 10 12*2 Jam 30 19 June 26
17% 17% *17% 18
17% 17%
17% 17%
*17% 19%
18
18
T e x a s ....
4,766 21*2 Jam. 29 41 Sept. 9
Do
37
37% 38*4
38
37%
37
38%
3 7 % 36%
37*4 38
37%
pref.
15,250 18%) Mar. 1 i 42*2 Sept. 9
37*2 38 81
36% 38
37% 3830 38% 38%
38% 39
3 '*8 3b%
125 13*2 Mar. 20 27 M ay 31
23 k 23%
*23% 24 -2 *23% 24*2 *23% 24*2 *23*2 2 4*2 *23*2 24%
64 Jam 29 70 Jam 18
* 0
90
*70
90
*70
*70
90
90
*70
90
*70
90
*7
3 2 9 l°e Mar. 15 1043e Aug. 28
102
102
10 !
103% 103% u .i% L01%
L02
10138 102 *101*2 102*2
2 0 0 11 *2 Feb. 20 l b *4 May 13
*15% 16*4 *15*2 16*4 *15
16
*15% 16%
16*8 16*8 U 5 k 16%
65 Apr. 26 73 A g. 26
Do
*70
*70
*-0
*68
75
7b
* 0
75
75
75
75
*70
1st pref.
24 Feb. 21 34*4 May 17
Do
32%
*30
33 * ....... 32% *31
32% *3 1
2d pref
32*2 ■31
32 >2 *31
2,080
7*4 Mar. 9 1538 May 1 1
12% 12%
12
*13
12%
12% 12*8 12*2 12%
2% 13
13*4
5uO 16 Feb. 26 3278 J uue 15
*26
23*4 26*2,
26
Do
pref., ls tiu s ’tp d !
27
26
*25*2
31
29 Jan. 29 65 bi Aug. 15
*51
51
55%
*51
5 5 % *51
DO *2 50% 50% *51
5 >*2 51
611 176 Sept. 23 2 1 s J u u e 18
L82
184
.84
*179
185% 185% 185% 185-» 187% 188
1 8 7 k 1 « 8 ’2
8,047
153b Jau. 3 19*4 May 11
18% .8%
18
*1 8 % lb%
18 % 18*8 18 4 lb %
18%
18% 18%
2,bod 6 0 Juue 7 14% Jam 21
1330 . 3 % 13
13%
13
13*8 13%
33% 13%
13*4 136.
13%
7,a76
21 J u u e 10 4 3 *2 Jam 18
Do
36
36% 37%
36
37^2 3 7 % 36*4 37%
pref.
3 5 k 36*4 36% 36%
6 *2 May 13
1 io
2 Mar. b
'oik A
■3 % 4
*3 *2 4
4%
4%
*3%
4
3%
*3 % 4
3%
127
9 »0 Mar. 4 1938 J am 18
Do
1430 1430
1530 15% *14®8 15%
*14%
pref.
14% 14*4 *1438 15%
59
J
S*8 May 13
2
2*2
Jam
"5
5
5%
5
5
*5
*5%
5
5%
5%
5k
5*2
1,271 13 Fel>. 27 27 May 11
Do
18% 18%
16% 18%
pref
18% 18%
19
18% 18%
19
18% 18%
31
J u u e 11
Apr.
5
17
*23
*23
30
28
28
*25
28 6
*25% 30
*24
248
3 k Jam 29 11% Aug. 29
10
*10
10
10 ^
11
10
11%
1 0 % *10
10*4 10*4 10
7*4
Sept, 7
2,y65
Fell.
4
3
*4%
3%
■5 % 5%
4%
5%
5%
5 % 5%
r»*2
4 *2
■5%
89,046
7 k Mar. 4 22*8 Sept. 4
2l
2 0 % 21%
2 1 % 22 -s 21
2 1
21
21% 21%
21*2 22
22*4
May
13
12
50
J
Jam
15
*19
19%
20
20
19% 19%
19*2 19*2
19%
19% 19% *19
215 43*8 Jam DU 60*2 Sept. 23
pref.
*5b
60
*58
60
60
*58
60
58
59
*58% 60
*58
luO
31*4
Sept.
5
Apr.
17
28
*60
*30
*30
*30
31
31
32
31
31
32
*30
32
15 Apr. 16 197s June 17
*18
*18
*17
19
*18
19
19
*17
19
19
19
*18
118
Sept.
13
112%
May
4
.......
1
*117
*117
*117
*117
*116*2
*117
300 35 Si Feb. 15 68 Juue 6
*62
*oO
64
*62
66 8
*60
67
67
63
67
64
62
9 *4 Sept. 3
912
4*4 Jam 25
*7 %
7% 8
8
7%
8
3
8
7%
7%
7%
8%
8%
4,643
8 *2 J am 29 197e Sept. 9
Do
pref.
17
17%
16%
17%
17%
17%
17%
1738
17*8
17*2
17%
17%
35*s
Sept. 5
18
Feb.
o
15
aul <S
33% 8
*32
35
*32
3 i% *32
33*2 31*2 31% *32
33*2 *32
90 Feb. 4 95 May 11
Do
ref.
flft
116%
May
15
104
Mar.
8
*115 118 *115 118 *114 118 ■114 118 *114 117 *114 117 8
2,66 » 16% Apr. 17 263a Aug. 1
24% 24 78 8
24% 24%
24% 24%
24
24*4 24 *2 2430 24%
24%
I
4
7s
M
ay
10
8*2
Jau.
29
3.230
13*8 13*8 1 2 % 13*4 *13
13*8 13*4
13*4 13*2 H %
12 k 1 2 % s
5,82
29*2 Jam 29 4 4 s* July 9
39% 40%
39
*3 9 % 40
3 9 % 3958 40 .
38% 3 >% Do., pref. voting trust, cert.
39*2 39
2,755
8*8 Jam 30 143s Sept. 3
- 1 2 % *2*2
12*8 12*8 n % 12%
11% 12 T
12*8 12*4
n % 12
4 % May 14
78 Feb. 14
1,79.3
2
T
2
*1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
36
Oct. 2 49 J u u e 14
400
*37
*39
39
40
41
I
36
*37
36
89
37*2 *37
8
L Mar. 21
73
Jam
I
f
4t'0
Do
pref.
*77
78
78%
77
78*2
78*2 *77
77
■78% *77
78% *77
7% Mar. 14 17*2 May 11
1,330
*14% 15
14% 14% L
14*4 14*2 1430 14*8
14*4 1430 14*2 14*2
83e
Sept. 4
3*4
Feb.
11
111
*6
5% L
*6
6*2
6 M *6*8
6%
6%
5%
6%
53b Mar. 6 10 Sept. 3
1,0 LO
9
9 V
*9
9*8
9
9
9
9
9%
9*8
9
9*8
26*2
Sept. 3
1238
Jau.
29
8,448
Do
pref.
23*8
23
23*« 23%
2350 21
2 2 % 23%
23% 23-2
23*4 23%
8 %) Feb. 2o 18 *4 J uue 27
1 5 ,9 /3
1530 15%
15% 15% 15
15
15%
15*2 16% V eling
15*8 15% 15%
6
4
7«
July
2
35
Feb.
25
530
Do
pref.
49
*48% 6 1
*49
50
*48% 51
*48% 51
49^8 4930
50%
7% Sept 3
2*2 Mar. 1
250
*6
7 v
6%
*6*2
7
6
*6
7
6%
6*2
6*2
6
^ M is c e lla n e o u s S lo c lt s ,
1,450 18*4 Feb. 13 30*2 May 13
2 3 %|Amerioan Cotton Oil C o___
*22
23
23
*21% 22*4
22
23% 23*2 23
2 3 ls
22
217 62 Feb. 18 797g May 13
Do
pref.
72tg 72*2 72*4 72% 7**4 71%
*70
73
71% 71% *69
72
Juue 13
107% 103% 107*2 108*2 107*4 108*2 lOS^B 111*8 110*4 H l ^ 108% 110% American Sugar Refining Co 174,153 86*2 Jau. 3 12138
1,008
90*4 Jan. 8 107 Aug. 1
101% 102
Do
prel
101% 101% 100*4 100*4 101*2 101*2 10L 101*2 102 102
84 k Feb. 21 117 May 27
55.912
99-4
99
%
American
Tobaooo
Co.........
.
100
101
101*8
9
b
70
100
100 10 1 k
99
99
k
98*4
266 103*2 Feb. 27 1 1 6 A ug. 28
108% 108%
Do
pref
109 109
109% 109% *105 n o
70
72 % Cliioago Gas Co., trust reo’t s .. 130 990 4 9 7e July 16 78*4 Jau. 11
69k
71*2 72%
69
68% 70%
70*4 71%
68
69*4
126 Jan. 29 149 June 8
3.60
*142 143% * 42 143*2 143 14 Jk 144 145*9 145*4 145% 144% 145% Consolidated Gas Company.
23
23% Dls.A C.F.Cn.,tr.ot.f. all Ins.pd 161,962 13*2 Mar. 20 25*2 Sept. 30
25
23°s 24%
23%) 24*4
24*8 25
23*2 25*8 24
257s Mar. 4 41 Sept 9
8
,8
0
2
General Electric Go.............. .
39%
39
39*8 39%
3b k 38%
383a 39% National
38% 38 *2 38% 38%
551 26*2 Feb. 16 38 Jau. 18
Lead C o....................
35
35
*3 4 % 3 5 k
35 *2 35*2 35*4 35*4
35
*33*2 3 5 % 35
78*4
Jan. 28 94*2 Aug. 20
23
Do
pref
92
92%
92
9 2 % 9 2 % 92*2 92 *2 92
92% 9 2 % 92% 9 2 k
7 May 13
2% Jan. 30
1 ,0 1 0
55r 5=8 5%| *5*2 5% North American Oo.............. .
5%
5%
5%
5%
5*2
*530
5%
5
Oct. 1 14% May 24
205
5
6%
5
6%
*6*2 10 Oregon Ini proven, cut C o____
10
7%
*6
7%
34 s? Sc pt. 18
20
Jau.
26
4,960
Paeitio
M
all--------------.
.
.
.
.
.
.
31%
32%
31
31%
31k
31*2
”81% 32*8 31*2 32%
31% 31%
May 10
95*2 Jam 4 i b l
125
.........125
124
124 Pipe Line Oertitl. ates............
125 *
12 S*2 *
‘ 988 154 Jam 2 178% Juue 17
173 173%| 173% 173% Pullman Palace Cai Company
173% 173% 17338 17330 *172*« 173*2 173 173
68
M
Apr.
1
60
Jam
10
35.0
O
67%
*67
67*8 67% *67*8 67 Si 6*2 67*2 *67% 67 *4 67*4 6 7 % silver Bullion Cert floates—
53,39i> 13*4 Jam 29 46% Sept. 10
43% 45% Tennessee Coal & r o n . . . . —
4 1 k 43
44% 45%
42*2 45
42*« 4*68 4 1 k 4 2 k
102%
Sept.
9
74
Apr.
17
Do
pr*>f
* 7s Sept 2 4
*e J u ly 9
"8%
9 " U.8.Corri.Co.,tr.reo. all ins.pd. 14,800
8
8
8%
7*8
8
” '8 %
18
8%
8%
'> '%
1*4 July 25 167e Sept 2 3
2.230
16%
16%
P ref., tr. reo.all in s.pd .
1 0 % 16%
16*8
1 5 k 16
*15% 16 k
16*8 16*8 16
24%
May 3
7
Feb.
27
3
961
16
16
United
states
Leather
Co
...
16
16
16
16
16
16 M 16
16
16% 16*4
6,211 58 Feb. ‘27 97% May - 7
85
85
85%
Do
„ P re t85
80
84% 85 k
85
85*4 85
85% 86
48
June
3
6
126
37*4
June
28
4
0
7a
41
*2
United
States
Rubber
C
o
.
....
41% 42
41% 4- k. 41*8 42
41
4L
41*8 42
4.688 86 Jan. 29 95% Sept. 3
92%, 92k) Western Union T e leg ra p h ....
92%
92*8 1 2 % 91% 92 k
92
92*2 9 2 7g 92 H 92%
These are bid and asked; no sale made.
t A ll assessments paid.
ULowest is ex dividend.
22%
3338
*1
64%
*62
54*3
111%
*i9*4
*20
163
85%

22%
*32
1%
*64
62*2
54%
113
*19*4
19%
-163
85%
86>*

23
33%
1%
64%
f 3*2
55 m
114%
VO
203;

22% 22%
i>3% *32
*1
1%
64
65
62*2 60%
55
54*2
114%
113
19% *19
20
20
*163
85%
86%
49*4

22%
33*2
1 Hi
64
6n%

22%
33*2
*1
64
61%
55
54*2
11 1% 114%
3 9 % *18%
20
20
MH3
86%
86%
50

23
33*2
1%
61
61%

22%
33%
*1
64%
62
55
113%
*1 ",
.9%
*163
87%

Oc to ber

o,

r>oi

THE CHRONICLE.«

1895.]

*t*.W ujii* sl'JilH E\.Cd\NtfE PRICES (Continued) —I N A C T I V E
Oct. 4.

i» A C W » STvjOK.8
i Indicates unlisted

Bid

U a llr o a d M o ck s .
lin a a f A Susquehanna---- . . —100
Balt 4 0 . 8. W. pref., n ew ....... 100
8 •aisvllie A Soutn. ill. pref...... 100
B mton & N. Y. Air Line p re f..i0 0
B rooklyn Elevated u ................ lOo
Buffalo Rochester & Pittsburg. 100
Pret erred....................................100
Burl. Cedar Rapids A Nor........ 100
Cleveland A P ittsourg........... — 50
Dee Mo>nee & Foi i Dodge........ 100
Preferred....................................100
•ninth m>. Shore A A tlantio H.l o o
Preferred U................................ 100
Flint A Pere M arqu ette...........100
Preferred................................. 100
i f . R%v A’fn. % St. P. tr. re o___ 100
Preferred trust re u - ..............10«
Q
Oi l m .*(• • rtUtra .....1 0 *
II h o is ’entral leased lin es__ .100
Indiana Ilitoois a I » w a .......... 100
kjuaWUa A •iiohtgau................lU<
g e o Auk A Dea M oines................100
Preferred....................................100
Loulsv. ot. L o u ie * T e x a s ......1 0*
HUaoulng Coal............................ 50
Preferred...............
50
Metropolitan T raction^.............100
Mexican Central.......... . . . . ...10t>
Mexican National tr. olfa....... . l o o
M orris * E ssex........................... 50
Sew Jersey A N. Y ...............
lOo
.. . . . . . . 1 0 0
Preferred..........
N Y. Lack. A W estern.............1 0 0
N •♦’folk A S ou th ern ................... 100
Ohio Southern............ .............. .10 0
P i <ra X fcaateru....... ........... ...1 0 0
R-* i^taUer A Saratoga...............100
Rto Graode Western p ref........ 100;
TJl^do St. L. A Kansas City V .. lo o

175

8

13**9

tiange {sates) in 1895.

Ask.

Lowest.

. . . . . 170
10
6

....... 101 ig Apr.
22
19 July
21
19 Apr.
60 j 58 Jan.
50
53
....... 45 May
165
....... 156 Jan.
9*s
5 1* Feb.
8**
30 Jan.
58
6
'•*9 2 Hj Mar.
14
12
5*4 Mar.
9 Apr.
IT 1.
48
34 Apr.
*4 Feb.
%
3# Sept.
%
2
1*9 Mar.
3>s
86 May
2o*s SSX
lT^e July
Feb.
6
9
3 Jan.
5
4
13*9 Mar.
17
’
1 Aug.
%
106

103
20

July
May

105 July
: 2 \Hi Aug.
24 May
60 A pi*.
I 54 S«i»r.
167 Sept.
. 11 June
55 J .lie
9 June
. 165» June
21 Sepr.
50 Sept.
2 May
4 Hi May
3^8 Sept.
, 90 July
24 May
j 10 Apr.
i 6 May
! 17 Hi July
1 Hi Apr.

100 101
83*9 Apr. 103H> June
13*6 13®8 8 Mar. 1414 Sept.
2*9 I*e Apr.
4 May
— .. 156 Feb. 16; *4 Sept
. . . . . 115** July 118 Feb.
80
65 A pr. 7o Aug.
15
4 June 1 9 H» May
8*9 10 ! 2 Jau. 10 H3 Aug.
180
....... 178 July 183 Apr
. . . | 30 Mat 4«H M«y
: 43
10 1 6 June 10 Sept.

s o price F rid a y ; latest p n oe thin week.

I nactive Stocks .
11 Indicates unlisted.

Htg/test.

July 170
Apr.
12

STO CK S.

^ I n d i c a te s actu a l $a>es.J
Oct. 4.
Bid.

Kange (sales) m 1895,

Ask,

ifls c e lla iie o tis S to c k s .

Lowest.

(

140 Jau
Adams Express...........................100 149 151
40
43
37 May
American Bank Note Co ..............
American Express.....................100 114 115 109 Feb.
89 Mar.
Arner. Telegraph A Cable. .. 100 t 97
50 X 2C*H3
i3 Mar
Bay State Gas H .....................
l*s A pr.
100
1
2
100
89 Feb.
4 Mar.
lo o t
6%
100 ; 39
4L
23*9 Mar.
100
50 Feb.
100
100 1 3 1,
2*9 Jau.
100 150
Id'-- May
32
100
2 8 * Apr.
3o
50 ___
2 8 ^ May
Detroit Gas.................
94 Hi Mar.
100 99
101
Edison Elec. HI. of N
100 ......... ....... 106 Aug.
4o *9 Feb.
Erie Telesrapn A Telephone .. 100
70 July
32
Ilin ois ste e l............................... i o o j e i
30*9 Feb.
.1001 .........
23 July
Laclede G a s . . . . . . ................... ...1 0 0 J28*9 29
81 Mar.
Preferred.................................... 100 j 85
20 Jan.
Lehigh A Wilfcesbarre Coal U .........
50 Jan.
63
Maryland Coal, p ref................... 100 50
Michigan-Peninsular Car C o ... 100
52 Jan.
Preferred. .................................100
39*8 Mar.
Minnesota Iron .............................100 i 7lV j 72
1 7 * Jan.
National Linseed Oil C o............. IOC ; 24
5 Jan.
National Starch Mfg. C o........... 1001
8*9 " 9 h
6 Jan.
New Central C o a l........................ 100 } 7
8I9 Mar.
9
10
Ontario 8ilver M ining................. 100
310 Jan.
Pennsylvania C oal....................... 50 300
69 Apr
85
Postal Telegraph—Cable II........ 100 82
3^0
2 Jau.
3
Quicksilver M ining...................... 100
P referred .................................. 100 ........
1 8 * 1 2 * Jan
7 Mar.
10
Texas Pacific Land T rust.......... 100
9
33a July
U. 8 Cordage, guar., tr. cerifs.1' 0 J 3 3 Hi
36 Mav
51
U. 8. E xpress...............................100i 46
94 Hi 91*? Jui e
U. 8. Rubber preferred.............. 100| 91
Wells. Fargo E x p r e s s ................1001 106 11 1 10 4 F b.

Highest
150*9 Aug.
43 Sent.
1 19 *9 May
100 Aug.
25 June
•a*4 M ay
106 July
I IH> J une
4 1 * Sept.
1 0 ) Sept.
9 * June
16 4* Sent.
34 Aug.
3 0 * Aug.
107* Juue
1 1 2 * Tan.
65*9 Sept.
82 <>cL
41 * Mar.
3 i * June
92 May
20 J an.
50 Jan.
6 1 * Aug.
7 2 Oct.
3 3s Ju»»e
12 May
9 June
1 0 * Aug.
340 July
69 A or.
4 * May
20 Apr.
1 2 * May
3 3 Sept.
50 Sept.
9 8 * Juue
I I .Mo Sept.

1A ctual sales.

NEW YORK 8TO1 K EXCHANGE PRICES.—STATE BONDS OCTOBER 4.
SECURITIES.

Bid.

A«k

#
Bid.

SECURITIES.

MiMuurl—Fund............. 1894-1395 .......
A.l»b*oi*—Cl»M A, * to 5 ........ 190*i 109 111
Ci**« B, 5 » .............................. 1906 109 ....... North Carolina—6e, old .......... JAJ
99
Ci<M« C. 4*............................... 1906
New bond*, J & J ........ 1892-1898
....
Currency (utidtUK * « ............ 1920 99
6»,fiJK«,Hol. 1899*1900
1
d o. Son*H o!lonl 160
1
It . i l o u t Cencrkl U K ______
Consolidated 4 s ....................1910 102
L>al»1»nfc—7*. eon *-----. . . .
.3 1 4
6a............................................. 1919 122
4a . . . . .
.......
8outh Carolina—4 * 8 , 20*40.. 1933 105
Jf
iNinnli 4* ... .. ... 1914
6e,non-fund . . . .
. . iB 8«
9 »V 99*
l

New fo rk City Hank Statement f o r the we«*k e n d in g
September 3S 189*5, We omit two cipher* (00) in all cases.
(5* YKS.
(00* omitted.)

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

5 0 0 .0

281.3

*,0-2.7
6.502.4
1.5 <2.5
3.230,0
1,<I9
3, l» 6.5
1.897,5
3.2.1. A
24,3) *W,it
21.887,*!
6 43 7.7'
« y »»,s!
2.425.0
13.. 87.)
5.MI T.^*
2.21Hk5
«.23*,5
11.4 26,3
3,o li.o
2,71*9,0
2.4 70,5
4.IO*.i
3*76.6
9.821,1
5 185.*
1,090.0
2 i >31)0
27.000.0
5.1*

7 5 0 .0
823.2
M^rset A Faltoo...
1.000,0'
8 ioo A Leather....
23.1
O w « Kxc.n*ugo...... L000.0 l,2 o 5 .r
126.1
ConUcontat... . . . . . . 1,000.0
3 0 0 ,0 ;
413.1
On^nU? .... .. . . . . .
I oporto re*A Trader* 1 . 5 0 0 . 0 5.470,1
2,000,0 8.00
p*r* ...-----.. . . . . . .
2 5 0 .0
1 2 6 .2
Rase River ... ..
534.0
f-n it h National. . ■ $,200.1) 1.963.0 18 0*7,*
e y» f»,u
777,0
49*»,7
9.313.*
Ceotrai National.
615.7 5.076 *)
3 ao
8e»?o&*1 NaUofial----{
«T i.»
3,6n3 *> 473.0
367.7
Ninth NaUoual.......| I w ,
5 0 0 .0 7,23-2.4 23.890.8
062.1
flw*, National......
220.7 lU.U«5,h 1,010.«
Third Natlnnai........ 1,000.0'
139.0
3 0 0 .0 1
1,351.8
25.6
ft. i . Nat. Exchange
452,0
250.0)
.Ik wary.................... ;
561,81 2.834,0
650,2
New Yi»r* Ownotjr.. (: 3 0 0 .0 1
3,014.3
466.0
750.0
33 '.4
2h8,*2 2.s7^.7
German American..
700.2
8ti0 ,0 | 1,23 L,5j 18.! l -J»i
0 nave National.......
7 72. *
loo.o; 1,J35,8 0.520,2
Fifth Avenue. ..
*73.3
2 0 0 .0
8*0*,2| 2.126 4
Exchange..
531.0
3 0 0 .0
631.7 3-261.7
Gl ament* . . . . . .
5 0 0 .0 ,
950,1
550.0] 8.5**2.ii
0' 4iV»d -States.........
300.0
583.5] 5.43*8 1,030 6
Linetda..
.......
200.0.
6 1 4 .5
OkCtleM.. ............. .
4.071 M
221,1
Ptfth National
200.0
307,3; 1.7*30yl
3 0 0 .0
Bask of the Met rep
785,3 4.3«*0,(!
7*0,3
280.C
West Side .. . . . . . .
2,517,']
295.1
200.0
SeatwMTil
. .. .. ..
600,0
&.I7 33J
770,']
223.2
l,-311.0
Sixth National ......
200.0
108 «]
347,0
? ly i
256.5 10 7'»7.f;
Western National.. 2.100.0
3*>*).o
rvret Nat. Br'kif-n..
5 4 71.* 1,127.1
SoWfrem National..
3 ioO.5
1H0 5
5 0 0 ,0
N ah Onion Ban <__ 1,200.0
10.O45.V
680.0
33 u
Liberty Nat. B *»>e
5OI>,0
1.909.C
N.Y. Prod. Kxch'*«, 1,000,0
510.0
3,733,9
1!a ‘<
. ... a** aee 7 7j e i l * 11 37« 2 01,0*7 6 !

Bid.

Ask,

T ennessee—6s, o ld —
1$*92-1898,
6s, new bend1 8 9 i- 8 ) 9 o 0 !
do
new series ......... . l » l 4 i ....... .......
Compromise, 3-4-o-Cs —
1912
3 s .................... .
..........
19‘ 3
90
Redemption 4 s .....................1907
do
4 * 8 ................... 1913
Penitentiary 4*98.................. 1913
Virginia funded debt, 2 - 3 s ...l9 9 l
6 2 \ 63>*
0S. dAf»ri*#vi t'sf
at.RTn 'W»*
6*

Oapum A
Surplm.

Lean*.
Specie.
Legal*. ;Deposit*.* Circ'Vn. Olearlni*
6
$
N. V.*
$
f
$
1 *
$
A')g. 31. 134.164.8 513.259,8 43,301.2 117,51«,21574.929.9 13,355,0 517 270.8
Sept 7.. 134.104.8 510,365.8 U.427.1 114,433, 7 670.075.3 13,705,9 54 3.755 4
1*., L44.104.K 532.098. V* S2.S1S.S 107,10^.8 571.764.2 13,003,5 774 153 3
•* 21.. 134.104.0 517,24 2.0 41.970.0 loo.tMp.0 558.444 4 13.8* HI,-7 415 099.1
** 28.. 134,164.0 511,376,2
07,902,8 519.130,5 14,102,0 550.687,4
t
Ho » *
8.7m,0ll88.(m3,0 7,320,0 89.078 9
Sopi 14. 09,351,8 170.191.0 10,376.0
31.. 00.351,8 175.949 m 10.732 0 7.569.0! 104.742 0 7.585,0 90.210.5
7.0S2.0 to2,BttS,U 7,718.0 87.940,5
38.. 09.351,8 173,582.0 10,592,0
Phi H. *
239.5; 4.354.0 Sopt
14.. 35,810.3 111,099,0
30,910.0
112.373,0 0.390.0 08.205,0
1.0.<7.?
5.0* *.3
21.. 35,010.3 112,1x1.0
3)024.0
U ll.oll.O 0.380,0 07.8 >9.2
213.0
1,470«)
'110.480 0 0.308.0 01.207, 7
20.. 35,010,3 112.430,0
39. 04.0
225.01 2,050.0
1.016 6
17i.0
• IF« oeiii two cipKert in ill tiu»< figure*. fluoludiog tor Boston and Phlla
557.4
2,02 4.3 delphla the item **dae to other baak».'’
214.8 2,113.4
731,«j 3.701.1
Miacellaneotig and UnliHted Bonda :
4,O0n,o! 17.057.0
4,8- 4.4 17 051.7
tliNoHlHiifuua
Honda,
AllacellAneonM Honda
s8 7.u 0.3,3 0
Mtohat. Beach H. «C L. g. 4s.
40 b.
l.*02,2; 7,050,7 Bunion Un. ue* tr .ceria., 5«
Metroool Tel. A FeL 1st 5s
6»1.4f 3.011.7 Ch. J un.A 8. Yd#.—Col.t-g.,51 ........
2,209.6! 14.509.3 Col. C. A I. DeveL gu. 5a___ i 03 a. Micb.-Peulu *‘itr 1st5s.
>l«tuai Union Telag.—08 g .. *113 b.
995.71 0 231.2 Colorado Fuel—Oen. 8s........ . .... .
N. Y. it N. J Telep. gen. 5a.. * 1 >0 a.
3.54,3] 3.008.0 Col. A Hock. Coal A I,—6«, g
89 b Nortliwestern Telegraph—7b. 110 *1>.
I. o : h.s | 0.53'. 1 Cona.Oaa Co.-Chic— latgu.5
l.t y i.t 17.000.5 Consol. Coal conv. 6s... . . . . . 100 L. People’** Gae A C. 1 1st g. 6s U 2 b.
Co., Chicago .. !f 2d g. 0s ♦105 b.
5 *8,51 2,973 0
1st OODs, g. 03 .................. 10L*b.
100.1] 3 »'3», i Edison Kl*»o, til. On.—1st 6* . ] 108* <.
] I03*u. Pleas. Valley Coal—1«» g. 0s
f»<8 3 2.030 7
Do
of
tskiyu.,
1
*t
5
s..
j
......
Sunday
Creek Coal let g 6s. 100 b.
1.048 l! 4.5 »H.5
U S. Lea* her—8. f. deb., g.,0** 114 a.
509.5 3.004 4 KqaiL O.-L.,N.V., cons. g. 5
1*8 ft. Western Union Tele#,—
i,o96,*»i 10.0 *4.3 Equitable *i. A F.—1st 6m..
Wheel. L. E . « f c C o a l lst5s * 88 b.
ti.lA.7i 0,.tO 4.7
* 91 b
U nlU ird B onds.
1,811.0
2643
Nou-ooijv, <ieb. 5s...... .
1 SJ'in. Comstock Tunnel—la o 4 »..
8 b.
1,991.0 21,700,0
* 80 a
32,0»’6*6 I itt On *1 Sa fus, deb, 8s.,
970/4
~ ‘ mdloates price but; " u " price
* Latest price nut w•e
3,103.0 19,171 5
1.7* 2.0 I0,lo7.0
Bank Stock List—Latest prices this week. (*Not listed.)
0.3) 1.0
493.7 4.100.4
BAS Kx.
BANK8. Bid. ASK
BAA
Bid. Ask
Bia. A* A.
5.301.1 22.070.9
1,830.0 11.095.3
N 7r. Nat. Ex
220 I
18*5.0 1,277,5
Ninth. .... 120
120
101
295.0 2.006.0
19 th Ward.
3,484,9
166.4
•117,8 ■j.m -M
.
Oriental ..
iod “ Greenwich ..
s.itoa.t a j.o;w 7 BuudiH’dcDr.
Pacific.. ...
310
120
7,217.0
1,110,1
Park............
155
Chase...........
Hud.
River..
3,182
4
65*’,o
4 4.4.8
625,2
___
Pheuix.. . _. . . ......
Irvin g. — 135
000,2 7.419.2 Chemical ..
....... Prod. Kx.*.. ........ __
Leather Mfs’
2.710.0 8,139.2 City..............
Republic—
Lincoln ......
90 4,9 6.3*40,7 Citizens’ ......
Manhat-tan .. 195 205 ISeaboa J .. 107
1.003,1 Columbia ...
200 0
second........ ....
Market A Pul
200
5.401.5
97*,4
1 15
180
125
406 0 2,8*00
135
8boe«fe Le'tb
M’clis’ «fe Tr«’
1,044,0 0.310,0 Corn Bxoh.. 285
Southern.,
..... ......
..
.
.
.
Meroaoille
K»-t
River-1.0
*3,0
246.11
Stftteof N.Y
2.488.0 11 67H.1 11th Ward...
....
T hird. ___ 105
Meroh’ta Ex
1/258,0 0 7)5.0 Fifth Ave. ..
........ Tradeem’w’s 97 100
v e ropolls ..
3.0S'i.» Fifth*...........
561.1
23d Ward*.. ..... . .....
Mi. M orns..
2.563.6 U.S7M.5 First.-.........
Union* ...... ........ ......
........ Nas**an
........ —
608.1 2.145.9 First N„ 8 . 1.
349,v 3,253,1
230
178
Hue.. ........ —
uN. Y, Oo'nty. 5rfo
......
97.903.** IS4B.130.8 Gallatin........

|Capital Surptt Loans. Sped*. Legal*. Deposit*
i.:<so,ol
I.Iew.ol
1.413.4
i.oi*,"i
3.3^0 7{
4i?,*»;
7.862.4
174.3
^148,4
777/1
5*7.u
15 3
181.1*
121.8
2n 2.0
273J
10 C5
4*93
5*5 4
Sh»**.o
1,568.5
594 .V
1,374.5
012 *
272 «
610/2
3.714.8
2a7.5
545 5
13W.0
301.1
373.6
1,54 .2
043,0
lel'.O
3.074,0
2,338.3

110

SECURITIES.

New York City, Boston and P niU d6l|>hta Banka:
Banks .

8%o*o! Now York.. 94.000,0 fl.W4.«
4.0io.u S.OaO.)
U «nhau*4i CO...
2.000.u 94*.*
*ervfi*ul*’.JHB
2,U«iO,u 2.111.3
Mechaaie**..
Aouo.u 3,U0,»
ItlklKMl
40a,
Pnwoix,,
1.00*1,0 3 ,132,i
City
7 5 0 .0
30,2
3*X>.0 7,325.7
Caeuiicjkl —
.600.0
154.1
Mercnaate’ Exeb'ge
1.000.
U
1,831.9
O aIUUd National...
2 il.r
Batcbetsdt Drover*’
4 0 0 .0
370.2
kt •ciiaoiCM* *t Tr*d’»
2 0 0 .0
180.3
9 r ««u *ltib ........
600.0
M*aafae*r»
4s*2.*
3*1 0 ,0
105.1
0«ve«Oi NaUoual .
i , 2 0 O . ii
496,r
8 Sat*of Now York.
0
A ««n ow i Kxchaogr 5.000. 3.333.3
5.000. 8,446.
4)
O an nw M . . . . . . .
i.0«A).0 i.574.
B r w d v ir ..,.—
1. 0 0 0 . 0
935,
Kero4Mitll«......
432,7,
478.1
P*ct»o___ . ... ..
1 ,5 * 1 0 .0
•11,"
Bopahtlo . ...
4 5 0 .0
•*3,"
---- . . . . .
200 . 0 ,
345
Po»#pl#s .... ....
7 0 0 .0
5«< »
North vmeric* . ...
Hanover — ..... .. 1,000.0 l ,» » , 4
5 0 0 .0
3ile,
Irvu ig ., . . . . . . . .
600,0j 375,i*
QiUxen’* . . . . . . . . . . .

Aak.

rHE

602

BOSTON, PHILADELPHIA
A ctive Stocks.
IF Indicates unlisted.

;
Saturday,
Sept. 28.

CHRONICLE.

[V o l . LXI,

AND BALTIMORE STOCK EXCHANGES.

S tia r e P r i c e s — n o t P e r C e n t u m P r i c e s .
Monday,
Sept. 3o.

Tuesday,
Oct. 1.

Wednesday, Thursday,
O jt. 2. I Oct. 3

Friday
Oct. 4

2230 2 2 *
22*
2 2 * 23
2230 23
2 1 * 22»e
Atch. T. A 8. Fe§( Boston). 100 2 2 * 2 2 *
n
l*
'1 .........
*1 .........
*1
Atlantio & Pae.
**
100
1*
6 1 * 64*
65*
64
64 * 64
65
65
*61
Baltimore & Ohio (B alt.).100, ‘ ____ 65 ^ *64
*75* .........
76
76
76
Balt. City Pass’gei
“
25
76
76
7 6 * 761s 76
18* 18*
18* 18*
19
19
19
19
Baltimore Traction “
25 M S * 18*8 1 8 * 1 8 *
1 8 * 18*.
1 8 * 18 *
19
I S * 18*| 18 7s 19
19
Baltimore Trao’ uH (P/iiL). 25 1 8 * 1 8 *
2 1 0 * 210
..... 21u* 21 •* 2 1 0 2 1 0 210 210
210
Boston A Albany (Boston). 1001*2LO .......
2 6 ...... 206*|206 V 207 217 *2 0 6 * 207
......... 206
B oston A Lowell
“
1001• 2 0 6
176 "176 | 175 17 8 *175 176
175 176
Boston A Maine
“
100 M75 ......... 175 175
13
13
........ 1 3 * ........ 1 3 *
13*
....... 1 3 * *13
Central o f Masj .
“
100 *13 .........
57
57 I *56 ......... *56
*56
h
i
.
.
.
.
.
.
57
57
*56
.........
53
Preferred
“
100
8730 8 7 *
853s 8 5 *
88 * 87*
8558 8 6 *
86* 87*
95* 86*
Chic. Bur. & Quin.
“
100
7730 7 7 *
7 5 * 76«8 7 6 * 77
76* 77*
77
77*
Cldc. Mil & 8t P. (P hil.). 100 7 6 * 7 6 *
15* 15*
15* 15*
15* 15*
150s 1550
1 5 * 15*
1 5 * 15 *
Cho O. A G .vot.t.c.
“
50
5
2
*
5
2
*
53
57
55
55*
56
56
Oit. 8t R y.of Inclfi
100
7 4 * 74%
72*. 72*
72
73
7 5 * 74
E lectric Tract i’n
u
50 7 1 * 7 1 *
7 2 * 72*
9 3 * 94
*93
95
......... 95
......... 95
95
95
Fitchburtr p re f.. ( Boston). 100 94
4i5g 415a 4 1 * 41 *3 4 1 * 4 l 7e 4 1 * 42
42
42*
4 2 * 42*
Leliigli V alley .. ( Phila.) . 50
135 135
*135 140
Maine Central ( Boston). 100 135 136
l e i * 101%
M etropol’n T rac.i1 ( Pfiil).100 1 0 1 * 101*} x l 0 0 * 1 0 0 * 10030 1.1030 1 0 0 * 1 0 J * 10.*% 101
123g 1 2 *
12% 12%
12
12*j *1230 1 2 *
1 * * 1330 12% 13
M exican Cent’l ( Boston) .100
*51
56
N .Y.AN .E.,tr.rec.§
•• 100
102 * 102 *
105
1 0 2 * 104
103 104
r........ 105
P refer!ed,tr rec.§ “
100 102 105
69
69
7 >
*69 ------- *69
Northern Central (B a lt.). 50
5*
5*
*5*
5*
5*
5*
5
5*
5*
5*
Northern Pacitio (Phila.) 100
M R* 18*
* 1 8 * 187e ns** 19* *TS* 19
* 1 8 * 19
1 8 * 19
Preferred
"
100
Old C olony....... (Boston) 100 *177 17712 1 7 7 * 1 7 7 * 177 1 7 7 * 177* 177* 177 M 1 7 7 * 1 7 7 * 1 7 7 *
5558 56
55% 56
5 5 * 56
55* 56
5578 56
Pennsylvania ...(P h ila ,). 50
56
56i0
67
68
65* 66*
66
68*
64* 65*
65* 65*
People’ sTraction
“
50
68*a 67
10301013, *
1 0 * 1 0 78 1 0 * 10i5lHI 1 0 * 10‘ 51m 10% 1O70
Phila. A Reading.
“
50 1013j6 11 *0
847e 8 5 *
84
843*
>•4** 35* 85 85
8 3 * 84
83
83m
Philadelph Trac.
“
50
1 4 * *14* 14* *14* 14* *1430 1 4 *
Union P a cific... (Boston) .100 * 1 4 * 1 4 * * 1 4 * 1 4 * *14
M is c e lla n e o u s S t o c k s .
11030 H I * 108% 1 1 0 *
1075g 1 0 8 * 108* 111
A 'n.Sug’ r Refin. 1i ( Boston)___ 1 0 7 * 1 0 8 * 1 0 7 * 108
P referre d . . . . . .
“
101 1 0 1 * 1 01 K H * 1 0 1 * 1 0 1 * 102 102
1 0 0 * 10034 100* 101
197*198 199 2 0 0 * 2 00 200
|197* 2 0 0 * 197 199
Bell T elephone..
“
100 2 0 0 2 0 1
84* 867g 8 7 * 8 8 * 86 88
82* 83*
8 2 * 84
Bost. A Montana.
“
25
83* 84*
18% 1 9 *
1 7 * 17 *
1 7 * 18*
Bntte & B oston..
“
25
19* 1**
18* 19
173s 1 7 *
325 325 x 3 1 9 * 320
315 315 *315 320 317 317
Calumet & H e d a
“
25 318 320
"68
69
6
8
*
6
8
*
"68
.........
Canton C o ___ . (Balt.,1.100
69
63% 63%
64
6 8 * 64
Consolidated Gas
** 100
6 3 * 64:*8 6 3 * 6 3 * * 6 3 * 64
63
66
5
6
*
5
7
*
5
5
78
56
E lec.Sior. Bat’ylj(P/tito.).100
63
64*
63
65
58
64*
66* 0*
Preferred H
•* 100
66
68*
6 7 * 69^
59* 60*
61
67
5812 60
63
63
6 2 * 63
63
63*
64
64*
63
64
Erie T eleph one.(Boston). 100
63
63
3834 3 9 *
3 8 * 3 « * * 3 8 * 3870 39^8 3950 39
39
General E lectric.
“
100 *38
39*
6
9
*
69*
69
69*3 6 9 *
100
P referred .........r “
66* 70*
69
69
69
69
60
*2 1 % 2 2 *
21* 21*
22
22
21 * 22
2 1 * 2 1 * * 2 1 * 22
JLameonStoreSer.
“
50
4 8 * 4 8 * *48
Lehi’h CoalAN&v. (P hila.) 50 * 4 8 * 49
48* 4 8 * 4S% 4 9 * 4 8 * 4 8 *
49
89 * 89*
90
90
90
*89
9 0 * f......... 90
N. E .Telephone (Boston). 100
90
90
90
825s 8 2 * x92
83
85
82»8 8 2 *
Unit’d Gas Im p .H fP /u /a j. 50
83 *
8270 83
8 4 * 85
91
94
93
95
8 3 * 84
89
92
84
84*
Welsbach Light 1i
“
5
8 4 * 88
230
A2 * 2516
* 2 * 25)A * 2 *
West End L and. . ( B oston ).. . .
*2 *
2*
2*
*2 *
2*2
2*6
Lowest is ex dividend.
* Bid am- ashed prices; no sale w
$ All instalments paid.
oiaOe.
.YhBOUHtBtSilUth
?ym HA
Inactive Stocks.I ^ 5

l Bid.

Ask.

P rices oj October 4.BBI1CEW |
95 |100
Atlanta & Charlotte (B a//.).100
B oston & Providence (Boston) .100 263 265
38 .. . . .
Camden & Atlantic pf. (Phila.). 50
Catawissa.........................
“
501
2 * ----1st p re fe rre d ...........
“
50
4 9 % ___
Central Ohio................ (Ball.). 5 0 j 5 0 * 52
Chicago A West Mich.(Boston). 100; 23 I 24
C onnecticut A P ass..
“
100 140 143
Connecticut R iv e r ...
“
100 245 ;250
Consol. T ra ct o f N.J.U (F/u7a.).l 00, 2 8 * ___
D elaw areA B oundB r.
“
100.
165
Flint & Pere M a r q ...(Boston). 100[ 17
18
“ 100
Preferred..... ................
43
45
H estonville Passeng. (P h ila .). 50| 56
56*
Preferred If.................
“
50
68*
Hunt. & B road T o p ...
“
50
3*6"* 3 1 *
P referred.....................
**
50
5 3 * 54
Kan. C’y Ft.S. A Mem. (Boston) .100
24
23
P referred.....................
“ 100
70
75
Little Schuylkill.........(Phila.). 50
64
Mine Hill & 8 .H aven
“
50
'Vi*
Nesqueboning V a l . . .
“
50
55
North American C o ..
“
100
5*
5*
North Pennsylvania.
“
50
84
85
Oregon S h o rtI A w . . . ( Boston) .100
10% 11
Pennsylvania A N . W. (P h ila .). 50
Pliiladel. A E rie........
**
50
U 28*
R u tla n d ...................... (Boston) .100
2
2*
P referred.................
“
100
69
70
Southern....................... (B all.) .100 | 12% 13
Preferred.................
“
100 ‘39 I 3 9 *
West E nd..................... (Boston). 50
71%' 72
P referred ....................
“
50
92 j 93
United Cos. o f N. J .. (P hila .). 100 2 3 6 * 2 3 7 *
W est Jersey ...................
“
50
5 5 * 59
W est Jersey A A tlan.
“
50
Western N.Y. A Penn
“
100,
4
4*
W isconsin C entral.. . (Boston) .100
7
6*
P referre d ....................
“
100
25
W orc’st.Nash.ARoch.
“
100 115 120
M ISCELLAN EO US.

Inactive stocks.

Bid.

Ask.

8ales
o f the
Week,
Shares.

R ange o f sales in 1895.
Lowest,

Hi

3^0 Jan. 30 2 3 * Sept. 2
‘ 50 Jan. 23
2 May 13
5
4 9 7 Mar. 8 6 6 * 88pt S
19
6 9 * Mar. 11 7 6 * 8 -p t 28
1.4U 14.^ Jan. 23 2 1 * June 17
2,575 1 4 * Jan. 30 2 1 * Juno 17
10 206 ^ Mar. 13
Ju ly 10
16 196R Jan. 2
Oct. 3
63 160 Jan. 2
sept. 9
5 Apr. 13 16 May 13
48 Feb. 28 6 0 * May 14
12,054 6 9 * Mar. 4 9 2 * Aug. 28
16,200 54 Mar 9 7 " * Sept. 3
1,508 1 1 * May 11 1 7 * Sept. 4
2,034 3 4 * Feb. 2 5 7 * Aug. 22
1,108 6 9 * Sept. 25 87 Jan. 3
12 82% Jan. 11 98 Aug. 23
10,966 2 7 * Mar. 8 43 Sept. 3
5 1 2 5 * Jan. 7 140 July 8
2,874 81 Apr. 2 1 0 6 * Jan. 3
6,100
5% Jan. 31 14 Sept. 4
29 Jan. 29 G 5* Aug. 15
47 5 9 * Feb. 8 104 Sept. 20
14 64 Jan. 29 7 0 * June 7
1,300
2 * Jan. 30
7 ;8 May 13
13 Feb. 27 25% May 14
16 * 1 7 6 * June 1 1 8 2 * June 19
1,455 4334 Jan. 70 5 7 * Sept. 4
9,3*4 4 3 * Jan. 2 ? 6 8 * Aug. 23
24,901 3 i% 6 Mar. 4 1 3 , Sept. 5
6,862 76 Apr. 2 99 M Jan. 2
8 Mar. 12 1 7 * May 10
21,165

30,864 8 6 *
661 90
377 1 7 5 *
25,201 3 3 *
5,725
9
252 280
100 67
453 60
22,138 26
12,340 28
626 4 5 *
976 2 5 *
306 60
4 50 21 *
163 4 0 *
9^ 66
7,949 67
5,°32 36
133
2

Jan.
Jan.
Apr.
Jan.
Mar
Mar
July
May
June
Apr.
Feb.
Mar.
Feb.
Sept.
Mar.
Feb.
Apr.
Mar.
Jan.

1 2 0 * Juue 13

Aug. 1
M ay 20
9 9 * July 30
2 3 * July 31
3 30 July 29
9 1 * Jan. 16
6 5 * Jan. 2
66 Oct. 4
7 0 * Oct.
4
65 Sept. 17
41 Sept. 9
72 July 8
25% Apr. 16
4 9 * 8ept. 5
91 July 15
85 Oct. 3
95 Oct. 3
33lfi May 4
197
210

Bonds.

5 6 * People’s Trac. trust certs. 4s..1943
$ 55
§11513 1 1 6 * Peritfomen, 1st s e r .,5 s .l9 1 8 , Q—J
§106 1 0 6 * Ph’la.A Erie gen. M. 5g.,1920, AAO
Gen. m ort., 4 g .......... 1920, AAO
§ 97 100
§105 10513 I h ila A Read, new 4 g., 1958, JAJ
1
0
0
*
1st pref. incom e, 5 g, 1958, Feb 1
§ 99NI
2d pref. incom e, 5 g, 1958, Feb. 1
§ 9 9 * 100
3d
pref. incom e, 5 g , 19 58,Feb. 1
98
5 95
2d, 5s............................ 1933, AAO
5100 101
80
Consol,
m ort. 7 s l....... 1911, JA D
5 78
Consol, m ort. 6 g .........1911, JA D
91
5 90
Im
provem
en tM .6 g., 1897,AAO
85
§ 75
C on.M .,5 g.,stam ped,19 22,MAN
78
* 75
Terminal
5s,
g .........1941, Q.—F.
122
Eastern le t m ort 6 g .l9 0 6 ,M A 8 .. §121
Phil. Wilm. A Balt., 4 s .1917, AAO
§130 131
Pitts.
O.
A
St.
L.,
7 s . ... 1900, FAA
85
§ 75
Rochester R ailway, con . os ..1 930
§ 98 100
Schuyl.R
.E
.Side,lst
5 g.1935, JAD
62
* 61
Union Terminal 1st 5 s...........FA A
§122 123
97
B o n d s .—B a lt im o r e . ^
L. R ock A Ft. 8., 1st, 7 s .. 1905, JAJ § 95
Atlanta A Chari., 1st 7s, 1907, JAJ
~ ouis.,E v.ASt.L .,lst,6g.l926,A A O §104 107
Baltimore Belt, 1st, 5s. 1990, MAN
95
§ 90
2m., 5—6g ............................. 1936,AAO
Balt. C. Pass. 1st 5 s . ... 1911, MAN
Mar. H. A Ont., 6s....... 1925, AAO §106 107
6 9 * Balt. Traction, 1st 5 s ..1929, MAN
M exican Central, 4 g . . . 1911, JAJ § 69
E xten. A impt. 6 s ....1 9 0 1 , MAS
221* 23
1st consol.incom es, 3 g, non-cum.
No. Balt. Div., 5 s....... 1942, JAD
H i , 12
2d consol, incom es. 3s, non-enm.
N. Y. A N.Eng,, 1st, 7 s ,1905, JAJ" *122 12213 Baltimore A Ohio 4 g., 1935, A&O
Pitts. A Conn., 5 g ---- 1925, FA A '
I Is tm o r t.
6 s............... .....................1905,
JAJ
*1131* 114
Staten Island, 2d, 5 g .1926, JAJ
! 2d m ort. 6 s........................... 1902,FAA
*11213 H I
Ogden. A L .C .,C on.6s..-1920,A A O §106 1 0 6 * Bal.AOhio S .W .,lst.4 * g .l9 9 0 , JAJ
C apeF.A Yad.,8er.A .,6g.l916, JA D
Inc. 6 s...................................... 1920 l ......... 20
8eries B., 6 g ...............1 9 1 6 , JA D
Ru tland, 1st,6 s............ 1902,MAN m o n d l l l
Series C., 6 g .......... C3.1916, JAD
2d, 5s........................... 1898,FAA 5101 102
Cent. Ohio, 4 * g .............1930, MA£
Cent.
Pass., 1st 5s....... 1932, MAN
103
A l l e J & dSV ^ 7 m H M
JAJ
102 * City A Sub., 1st 5 s.........1922, JAD
A tlantic City 1st 5s, g., 1919, MAN
Chari.
Col.A A ug.ext.5s. 1910, JAJ
Belvidere D el., 1st, 6 s ..1902, JA D
Col. A Greenv., 1st 5-68.1917, JAJ
Buffalo Ry. con. 1st, 5 s.......... 1931
Ga.
Car.
A Nor. 1st 5 g ..l9 2 9 , JAJ
[Catawissa, M., 7 s..........1900, FAA 1 1 0 % ..........
Georgia Pac., 1st 5-6S...1922, JAJ
iClioc. Okla. A Gulf, p ior lien 6s.. 1 0 5 * 106
North.
Cent.
6 s ... . . . . . . . 1 9 0 0 , JA j
9 4 * 95
Citizens’ St.Ry.of Ind.,con.58.1933
6 s.................................... 1904, JAJ
Columb. St. liy ,, 1st, con. 5 s..1932 102 |.......
Series
A
,
5
s.......
.......... 1926, JAJ
,Columb. O. Crosstown, 1st,58.1933 ........102 *
4 * s ...............................1925, A AC
86 I .........
Consol. Tract, o f N. J., Ist,5s.l933
P
ied
m
.A
C
u
m
.,lst,
5 g.19 11, FAA
Del. A B ’d Br’k, 1st, 7 s .1905,FAA 127 128
Easton A Am. IstM .,5s. 1920,MAN ........ 110 * Pitts. A Connells. 1st 76.1898, JAJ
Southern,
1st
5
s
.
.
.
.
. . . . . 1994, JAJ
jElmir. A Wilm., 1st, 6 s .1910, JA J. 118 I.— .
Virginia Mid., 1st 6 s . ..1906, M At
Uestonville M. A F ., con. 5s..1924 I l l * . . . .
2d Series, 6 s . ..—......... 1911 MA8
Hunt. A B r’d T o p ,C on .5 s.’95,AAO 103 I---3d Series, 6s................1916, MAS:
Lehigh Nav. 4 * s ........... 1914, Q—J 1 1 1 * ----4th Series, 3-4-5s.......1921, MA£
2d 6s, gold ............................ 1897,JAD
107 .....
5th Series, 5 s-----.....1 9 2 6 , MA£
General m ort. 4 * s , g .1 9 24,0—F 105 | . . .
West Va C. A P. 1st, 6 g . 1911, JAJ
Lehigh Val.Coal 1st 5s,g. 1933, JAJ 101% 102
WePt’L N.C. Consol. 6 g.19 14, JAJ
Lehigh V alley, 1st 6 s ...1898, JAD 107%
Wilm. Col. A A ug., 6 s .. 1910, JAD
133 135
2d 7s.......................................1910,MAS
MISCELLANEOUS.
125
Consol. 6 ................................ 1923,JAD
Baltimore Water 5 s . ..1916, MAN,
Newark Passenger, con. 5s... 1930 106 107
Funding
5 s . ...« a.....1 9 1 6 , MAN
101
North Penn. 1st, 7 S ....1 8 9 6 , MAN
Exchange 3 * s ......... ..1 9 3 0 , JA J
Gen. M. 7 s....... ..............1903, JAJ 124
Virginia
(State)
3 s ,n e w .1932, JAJ|
131
Pennsylvania g e n .6 s , r..l910 , Var
Funded debt, 2 - 3 s .....l9 9 1 , J A J ,
Consol. 6s, c
............1905,V ai 120 122
Chesapeake
Gas,
6 s . ....1 9 0 0 , JAD
1
1
7
*
Consol. 5s, r ...................... ...1 9 1 9 , Vft*
Consol. Gas, 6 s....... .....1 9 1 0 , JAD
Collat. Tr. 4 * g ........... 1913, JAI) 106
5
s
..................................
1939, J*.T
124
Pa. A N . Y. C a n a l,7 s ... 1906,JAD
I " ’ " • * ''
107 I Unnltahle
Con. 5s......................... 1930 A+ c
Boston United Gas, 2d m. 5s.

AUouezM in’g.asstpdfltostonJ. 25,
1
1*
A tlantic M ining.........
“
25
23
22
B ay 8tate Gas Tl.........
“
50
10*
10
Boston L and.................
“
10
4*
4
Centennial M in in g ...
"
10
1
1*
F ort Wayne E lect.il..
“
25
2*
2
Franklin M ining.......
“
25
19
1934
Frenohm ’n’sB ay L’d .
“
5
2
1
Illinois Steel...................
“
100
8 1 * 82
Kearsarge M in in g,...
u
25
20% 2 1 *
Osceola Mining..........
“
25
33*
33
Pullman P alace Car.
“
100 172 173
Pennsylvania Steel.. (Phila.). 100 41
Preferred IF..................
“
100
Quincy M ining..........(B oston). 25 i'4'2 ’ 144
Tamarack M in in g ....
“
25 147 149
Water P ow er.................
"
100
1
1*
Westingh. E lec. A M ..
“
50
3 5 * 36
Pref., cum ulative.
"
50
55*
55
. B onds—B oston .
At.Top.AS.F. 100-yr.4g.,1989, JA J
81-% 82
2d 2 * -4 s, g., Class A . .1989, AAO
3334 34
B oston TTTiitPd Anp 1st 5 s.. . . . . . __
79 I 8 0 *
* Jfnoe includes overdue coil inms.
IT Onliated.

§ A.ud accrued interest.

127*a .
102

1031*

101*3
113 3
1 lO*fl
122
108
117
110 *
104*
109*3
104*3
111
70
58
58
103
1 12
110 *
108
113
88
111*3
109*3
111
116
106
105
108
96*
114
117
113*

i ’06

123*9
108*3
117*4
1105a
105
110
......a
72*3
63
63
113
110 *
108*
113*
88*a
115
110*3
111*
106
108*
97
118*9
114

105*3
10
110*
115
116
114
123

124*9

75
76
63
63*
108 110
117
117*3
108*3 109

fHE CHRONICLE

O croBtH 5, 1695.]

603

NEW VOKii STOCK. EXCHANGE PBICES (Continued)—ACTIVE BONDS OCTOBER X AND FOR YEAR 1 8 9 5 .
: OLoti g Range (tales) in 1895.) (
j-ostm j |Range (sales) in 1895.
R a il r o a d and M iscel . Bonds . JWer’ * PrUt
R ailroad and Mtsoeu B onds . \Inter11 Jrrice I----- -----------------------------Period Oct. 4.
LomesL
Highest.
Period Oct. 4.
Lamest. I Highest.
Arner. C otton Oil. deb., 8g.l9 0 0 Q—F j I I - b. 110% Feb. I l l
Aug. -Ho. Pao.—lst,oon ., 6 g ...,1 9 2 0 II A N 100 b. 83
Mar 104 Sept.
ALTop:& 8.F.-LOO-yr.:i|.198U J A J f 8 1 ’ a
62 Mar. 134% Sept, i 3d, 7 s
1906 m A S’ U 3% b. 103
Mar, 113 Aug.
3-4a, Cl. " A ” lat in8tal.pd.’89 A A O t 3 3 %
16% Mar. 137*s Sept. ! Pac. o f Mo.— ls t ,e x .,4 g ,1 9 3 8 p A A 103%b. 100% Mar 106 June
Hew ifcn. 4<s, when issued-----;...........
82 %b. | 7 9 7s J u ly S4% S ep t.!!
2d ext. o s ....................... 1938; j A J| 10 7 % b .'i0 3
Mar! 108 June
I 53% July 59*2 Sept.
Adjustment I s , when issu ed .;— —
SO
S t.L A Ir .M t.ls te x t.,5 8 .1 8 9 7 F A A 102 b .jio o Mar. 103 Jan.
CoLMhllaud—Cons., 4 g . 1940 F A A i 28 %b. 17 Mar. 13 0 Sept. |
2d, 7 g ........ ................... 1897 m A S' 105 b. 102 May 104 34 Sept.
A tl. & Pac —G u ar.,4 g ....l 0 3 7 ; .........18 b.
Cairo Ark. A T ex a s,7 g.1897 j A D 105 a. 97 Mar. 103*2 May
44 ^ Jaa.
5l*o Juue 1
Brooklyn E lev.—1st, 6 g .. 1924 A A O 108
86 Mar. 103 May j|
Gen.R’y A la n d g r .,5 g .l9 3 1 ,A A O 85%
74% Apr.
88 % Sept.
S4»* Mar. 107*3 Seat. Mobile A Ohio—New, 6 g .. 1927 j A D 12 0 % b .;ii5 Mar. 121 Aug.
U nion Elevated.—6 g -----1937 M A N 107%
B ’klynW hrfA W .H —l»t,5s,g.’4i> F A A 102%b. 102 Sept. 108U June !! General mortgage, I s — 1938 M A 8 67
| 02 Mar. 69% June
Canada Southern.—la t5 s 1908 J A J, 110% 109 Jaa. 112% June 1 Nash. Ch. A St.“' - 1 s t , 7s. 1913 J A J . ..
13° Mar. 132*4 June
102*3 Mar. 108% July
Consol., 5 g
................. 1923 A A O 103 b. 93% Apr. 106 Sept.
O en t.G a .-8 .& W .letcon .5 s.l9 2 9 ........... jt 60 b. 50 Jaa. 164**4 Aag. S'at’l Staroh Mfg.—lat, 63.1920 M A N 99 b. 90 Jau. 100 Sept.
Central o f N. J .-C o n a ..7 a .l3 9 9 Q - J
1101.0. 111*A Feb. 113 June N.T.Central—D ebtext.48.1905 M A N 104 b.% 02 Mar. 105 Sept.
C onsoL .78........................ 1302 M A N '1 1 7 b. 114 Mar. 121 Jan.
uu0
1st, cou p on ,7 s..................1903 J & j 123%b. i20*« Jan. --v,
126 0
June
General m ortgage.5 g . . . 1937 J A J llsl^Bb. I l l Jaa. 119*3 Aug.
Deben.,D9, ooup.. 1834.. 1904 M <& S 12 3*9b. 105*9 Aor. 110*9 A u V v .ftr Worln-T, 7a roo l QOf)
t, V ) 1si‘A, K
. 7
Leh.&W.B..Con.,7e,as,d .l90O Q—M 103 b. lOL^ Mar. 110 A u ••
m ortgagees. 1912 11A >' 92%b. 85 Mar. 92 Jau.
Am . Dock A Im p,, 08....1 9 2 1 ! J A J 115 b. 111*4 Apr. 115*4 Sept.
C entral Faollio.—Geld, « b. 1898 J A J 106%b. 101 *4 Feb. 107-4 Sept N. Y. Cliio. <fcSt. L.—4 g ... 1937 A & 6 104*2 101% Feb
Sept.
Chea. A Ohio.—8er A , 0 g.l90n A A O 117 %b. 117 Apr. 121 Feb. N. Y. Lack. & W.*—lat, 68.1921 !j
j ! 136 a. 13 1 Mar
Juno
M ortgage, 6 g . . . . .........1911 A A D ; HB%b. 116*9 Apr. 121 *2 Sept,
103*9 Mar. 112% Sept.
ls te o n s o l.,5 g ................. 1939 M A N 112%
G en eraim js, g ....... .— ..1 9 9 2 M A 8 80%
60*9 Mar. 8373Jun© (,
. «
l(UU B lu u ,
R .A A .D lv .,l* t e o n .,4 g .l9 8 9 J A J
97
9 1 Feb.
99
July
Long D ock,oonsol., 6a.g. 1935! A <fe O 132 b .! i 26
Feb 135 Sept.
14
2d co n .,4 g .l9 8 9 ;J A J 90 a. 85 Apr. 90
Juue i Y. S, H. A 1L—Con. deb. ecf-^ A
& O 137 b. 136
— Sent
S op t 147% June
E U i.L e i.A B ig 8 a n .-5 g .1 9 0 2 M A 3 102 b. 95 Mar. 103
Aug. iN sY.Oafc&W .—E ef .48fg .l9 9 2 M & S ' 92%
”
-89
Jan.
95 % Aug.
Chic.B url. A O .—C on .,7a. 1903 J A J 12 0>3 118 Mar. 123*4 Juue |i Consol., 1st, 5a, g ............ 1939 J & D l l l % b . 109% June 113 M ay
D ebenture,5s.......... ........1913.H A S 101
| 98 % Mar. ! 104 Aug. |N,Y.Su3.«& W ,-lBtref.,Sag. 1937
A J 103 b , 95 Jana 108 Jan.
Convertible 5 s................ 1903 M A 8
101 b. ! 9 8 ^ Mar. ! 109 Aug, I Midland o f S. J., 60, g I 19 LO
A 0 115 b. 1 1 1 % ja n e 119 Jan.
• 93*9 Feb. ! 97 July ijNorf.ifeSV.—100-year,5 a,g.L990
D enver D ivision 4 s .........1922 F x A 00 %a.
& J 66 |
b, 48% Feb,
70 Apr.
N ebra«kaE jtten »ion ,4a.l927 M A S' 03 •-,!>. 1 36% Feb. j 94 *4 Sept. I! No. Paoiilo—ls ttooup., 6 g. 1921
& J 117%b. 112 Feb. 119% June
H an.A 3t.Jo8.-C one.,6a. 1911 M A 8 120 115*9 Mar. 125
25 Aug. 1 CJeaeral, 2d, coup., 6 g . 1933
& O 102
81% Mar, 104 Sept.
C h lo .A E ,I l l .-l » t ,e . f.,68.1907 J A D 11513b. 114 Jim© 117% May , General, 3d, ooup., 6 g . . 1937
A D 72%
49% Mar. 74% Sept.
Consol., 8 g .......................1931 A A O l'2i%t>. 121*9 Apr. |127*4 Aug.
Consol, mortgage, 5 g . . . 1939
<k D 30
24 Jan.
45 June
Col, trust gold uotea, 63. 189s M A N 84 a. 70 Mar. 89 June
General consol., 1st, 5s.. 1937 M A N 103% ; 96 JFeb. l o t S ep t
C hicago A Erie.—1st., 5 g .1982 K A S'4 112%
CUlo. & S. P ao., 1st, 5 g.HHO A A O t 43
77 Mar. 113 Sept.
37 Jau. 151% Sept,
t S llaa. 14 *4 Mar. 34 Aug.
Incom e, 5 s ....................... 1982 Got.
Seat. L. S. <fc E., let, gu .6 .1931 F A A 1 49 %b. if 33 Jau. i 51% Sept.
90 Jua© 96% Juue t No. Faeitio <fc M o n t- 6 g ..l9 3 M A S r 3.5 b. 30 Mar. 41 Slav
94
Chic.G as L. A C .—l i t , V g !. 1937 J A
127 b. 125 Feb. 129% June j So. Paoltto Ter. Co.— 6 g ... 1939! J & J 101 b, 90 Jan. 106 July
Chic. Mil. A at. F.—Con. 78.1905 J A
119 a. 114% Mar. 119% J
1st,Southwest Dlv., 6 s ..1 9 0 9 J A
____
uue Ohio * Miss.—C oil.», f.,78.1898!J dc J 106 b. 106 Aug. 108% June
118 b. 115 Mar. 110 JuneHOhlo Southern—1st, 0 g . . . l 9 2 1 J & D 89%t). 81 May
1 st,So, Minn. Div ,6 s ... 1910; 1 A
96 Jam
lat.C h.A P ao. W.Dtv.,5a. 1921,J A
115% 109% Feb. 116 Juue
General m ortgage, 4 g ... 192DM ,fc S' 35 b., 29% May
52% Apr.
C h le.A M o.R lv .D lv ..5 8 .1 9 2 0 .1 A
107 b. 104 Feb, 110 Aug. O regonlm pr.C o.—l8 t .6 g .1 9 lu J * D 100
95 June 101
“ " Oct.
112 a. 107% Jan. 112% S ep t
Wise. A Minn., D ir.. 5 g. 1921 J A
Consol.. 5 g . . . . ..•■■1939 A 4 O 33%
.,o -j
OO
,uar.
36 sene,
Sept. oo
55 Mar.
111 ijb. 108 *9 Feb. 112 J uue Ore. R .* N a v .C o .-lB t, 6 g .l9 0 0 J * J U 1 %b. 106% Jan. 112% June
Term inal. 5 g ....................1914 J A
67 Feb.
Gen. M., 4 g., series A ..1 989 J A
95*8
Conaol., 5 g ................ ....1 9 2 5 J dc DjtlOO
i 73 Jan. t0 3 % A u g .
36% Aug.
MIL A N or.—l « t ,c m .,08.1913 J A D *113 b. 116 Jau. 120 Feb. Penn-Co.— 4% g., o o u p o n .l9 4
2 L J & Jj113
113 b .io 9 % J a n .
1 1 6 % J in o
•Ode. A N . W.—C «n *oL ,7 a.l9l5 % - F 1*0 b. 138 May 143% Jan. Peo. Deo. & Evauav.—6 g .l9 2 0 jj * J
92 Feb. ,103 May
Coupon, gold, 7s . .... ...1 9 0 2 3 A D 122'9 119% June 123% Feb.
Evaaav. Division, 0 g...l920|.\I ,t S 4103
93 Mar. ;103% July
Sinking tnud, Os.............. 1929-1 A O 11 0 a- 114 Juue 120 Jan.
2d mortgage, 5 g ............. 1928 M dc Nil 37
25 Feb. (3 7
Oot,
B inklngfund, 5 »....... ....1 9 2 9 A A O 108 %b. 106*9 Apr. 112% Aug. Phlla. ds Read.—Gen., 4 g. I95 8ij * J t 7 9 %
88% Sopt.
67 Jan.
-Sinking fu u d .d eb en .,5 8 .1933 M A S' 112 \b. 105*9 May 112% Aug.
la t prof. Income, 5 g....... 1953;............
41%
18% Mar. 4 1 % Sept.
35 -y ear debenture, 5 s ...1 3 0 9 M A N 108
104% May 108 Jau.
2d pref. Income, 5 g .......19581............
24% i 9% Alar. 25% Sept.
•Extension, 4 s ........ ......1 9 2 8 F A A 102 b. 98 4 Mar. 103 July
3d pref. lnoome, 5 g....... 1958:............
19
4 6% Mar. 19%Sei>t.
C3ilc.R.l.APae.—e s.,e o u p .l9 1 7 J A J 130 %». 126 Jaa. 131 Juue P ittsb u rg * Western—4 g. 1917^ J A J
81%b.i 80 Apr.
88% Sopt.
E xtension and «> L ,5 s... 1934 J A J 10 I S
100 Feb. 167% June RloGr. \Vesteru—1st, 4 g. 1939 J A J
78%
63 Jan.
79% June
30-ye«r d e b e n tu r e ,5 s ...1921 H A tf 90%
33 Mar. 100 Aug. St. Jo. * Gr. Island—6 g..l925i.M A S' 64 b .lf 5 l Feb. 166 Aug.
Chic. St. P. M. A O.—Os.... 1930 J A D 12 s %b. 122 Feb. 129 May ,8t. L. A San Fr.—6 g., 01. B. 1906 M A S' 115 a. 111% Apr. 118 Aug.
Cleveland A Canton. —S ».. !9 l7 jJ A J
H b. 82 Feb.
85
04 May i 6 g.,Class 0 ......................190(1.VI A N 116 a. i l l
Mar. 118 Aug.
C .C .C . A I.—C oa»oL ,7 g . l » l i J A D ‘ 131 b. 122 J(1Q. 135 Sept. J General mortgage, 6 g .. 193i J A J n o b J l0 2 Jam 112 June
G eneraloonsoL, 8 * , . . . ,1 9 3 i J A J "125 b. 119 Feb. 125 S ept.' Cons. guar. 4s, g ............. 1990; A A O
53%
49 Mar. 50% Sept.
C .C .C .A S t.L .-P e o .A E ..4 * .m i0 A A O 80 '-..b. 74 Mar. 34% July i St. L. So. West.— 1st, 4s, g.1083 M A N 81%b.: 62 Jam
82 Scut.
Incom e, 4 s........................ 1990 April.
28 Ha 17 Apr. 23% July |, 2d, 4s, g., tn o o ra e .......... 19SUIJ A J
33%
16% Jam
1 0 % Sept,
Ool. Coal A Iron.—6 g ........190o F A A 100 >9
„ P .M .* M .-D » k .E x .,0 g . 1910:11 A N 121 b. 115 May 123% Juue
m h May
b p
101 Sept. ‘ I3LF.1
Col. A 9th Ave, go. 3», g . .. 190*3 M A 8 111 Hi 110% July 115% Aug. lstooosoL , 6 g .................193.(jJ A J'
' 123 b. 115% Mar. 123 June
CoLH. Val.AToL—C o n .,5 g .l9 3 l H A »
01 a. 80% Mar. 95% Aug, i!
“
redu oedto 4 % g .,!J A Ji 100%b. 100% Jan. 105% Juue
General, 6 g ...................... 1901J A D
93 a 88 Jan.
94 a. 8 ,% Apr. j 95% July
98 Apr. ii Montana Extension, 4 g .l937 iJ A D
Denver A KtbOr.—ls t ,7 g . 1900 M A S' 116 Lb. 112% May 117 Sept. Hen A n L * A.P.—la t,4 g .,g o .,’4 I J A J
03
52 Jam
~~ Juue
*
08
1st cotiaoL. 4 g ...............1 9 3 0 : J A J 92
79 Jan.
94 t Sept. :Sav. Flm A W esL—Ut,ti g. 1031 A A O 113 b. 112 Jam 117 Jau.
Dnl. So. 8b. A AtL—5» *« . .. ..1937
1937: J
3 A J 100
Feb. to o Aug. so. Cttr. A Urn—la t,5 g — 1910 11 A N
08% Aug
96%a. 95 M ay
F t-W .A D e n v.C lty .—0 g ..l 9 2 1 J A D 70 b.
Feb.
74% Sept. :Sso. Paoltto, Artx.—0 g . . 1909-10'J A J
97 b. 80 Mar. 101% June
Gal. H.ASatl Am- VI. A P. D. 1st,3g M A S' !H b.
May
3 t : ‘ let. 8(1. Paoltto,CaL—6 g . . . . 100.5- 12 : A A U 112% 109% Jam 115 Sept..
G e n .E lectric,deb. 5 » ,g ...l 9 2 0 J A 1> 93 '9
Jam
93% Jan.
1st.consol., g o ld ,5 g ......... 1937; A A O 93 b. 83 Fob.
95% Aug.
Houa.A T.Cent,,gett. 4 » ,g .l9 2 l, A A O T'J'Sta.
Feb.
7 1 H Hept. i So. Paoltto, fi. M-—6 g .......1911 J A J 105
90% Jan. 110 Juue
SUliiolsCentral.—4s,g ... 1953 M A s' 101
Jan. 105 'Sopt. Southern—1 s tooaa,g., 5 s.l99i| J A .1 00%
90% June
84% Jam
Western Lines, 1st, 4 s,g . 1051 F A A 102 ^b. 102% May 101% July
E, i'eun. reorg. lion 4-6«. 1938 i I A 8 92 %b. 79% Feb.
93% Aug.
lnLA O rektM O r.—l » t ,0 g .l9 tw M A S' 121 b. 117 Fob. 122 Aug.
E .T. V, * G.—la t, 7 g . .. 1900 J A J 112% 111 July 116 June
2 d *-.*•«.............................1 9 0 9 M A 8
Con. 5 g .......................... 1056 M * N 110 b, 10 2 % Feb. 111 Sept.
79 1
87% Mar. 3 1% Allg,
la w e O n tr a L —le t, 5 g . . . . l 9 3 ' J A D
Georgia Pao. 1st 5-6*, g. 1932. J A J' 114 b. 107% Mar. 115 June
84% Mar. 05% Sept.
9i>a
Kings Co. Kiev.—1st, 5 g .. 1925 J A J
82 b. 68 Jan.
Kmoxv. A Ohio 1st On, g.192,5 J A ,) 114 %b. 111% Mar. 110 Aug.
85 May
Laclede Gas.—1st., 5 g ---- 1919 <*—F : 07
R teh-A D auv. oou. 0 s ,g .19151.1 A J 121 %b. 118 Jan. 122% Juue
30% Feb.
93% June
Lake Erie A W est—5 g ,,.,1 9 3 7 ;J A J 117 b. 112% Jan. 113 Sept.
WwiLNo.Oar.Istoon.Os.gD) 11 J A J 114 b. 109 Feb. 116% Juue
inshore.—Con. cp., 1st,7*. 1900 J A J 110% 115 July 113 Jam TenmCtL A R y.—ren .D .,l8t,0 g A A O 95 %b. 77 Jam
90 % Oct.
C on sol.cou p., 2<L 7 a . . . . 1903 J A Dj 123%b, : 122 June 124% May
Birmingham Dlv., 6 g ... 1917:3 A J
98
78 Mar. 99 June
.L ex. A v. A Pav. F, gu. 5a,g,1993:M A S 1 1 1 b. i110% June 114 Aug. Texas A Paoltto—1st, 5 g ..20 00: J A D 92%
94% Sept.
83% Jan.
L on g lslan d .- 1st com , 5 g. FIJI <*—J 122 b. 117 % J an. 123% J uue
2d, lnoom e, 5 g ................ 200u: Marob
32 Sept.
28%
21% Jan.
General m ortgage, 4 g . . 193*; J A D
9 8 ‘ab. 95 May 102 Aug. ToL Ann Ar. A N. M.—6 g . 1921 .M A N 90 b. 175 Mar. 190 Oot.
L osl». A Nash.—Con*., 7 s .1898 A A O lOiSLjb. 107 Apr. 110% Mar. Toledo & Ohio CenL—5 g . 1935 J A .1 110% 107% Feb. 112 % J une
11,0.A M obile, 1st, S g .. 1030 J A J 122 b. 115% Feb. 122% Sept. ToLSL L. * K a m O .—6 g ..l0 1 O J A D , 75 'b . 57 Feb. t 75% S ep t
“
“
2d, 6 g ..l 9 3 o J A J 110 a 103% Mar. 108 July Union Paoltto—6 g ............1398 % A .J1 107%b. 102 % Mar. 108% S ep t
G e n e r a l,O g ............ ..1 9 3 0 J A D 119 b. 114 Feb. 120 June
Ext. sinking fumL 8 ........1899 M A o| 1)9 b. 89 Mar. 101% Aug.
Uni fled, * g ................... 1940 J A J
Collateral trust, 4 % ....... lo in M A N't 50 a. 138 May 163 Aug.
83'ab. 71% Mar. 85 June
■Louis, S'. A. AOtL—LsL.6e.10lO J A J u a i b . 106 Jan. 113% May
Gold 6s, OOL trust notes. 18'J l F A A 94 b. 83 Feb.
98% Sept.
Consol., 6 g ....... .............. 1010 A A U 103 H
Kan. Pao.-Den. Dlv., 6 g.1890 M A N i l l b. 103 % Mar. 111% O c t
93 %*Feb. 108% Scot*
bonis.HL L. A T e x s * ,—0 g.1917 F A A 63 a 55 Feb. 60 July
62 Feb. 181 O ot
1st oonsoL, 8 g ............ 1919 .M A N
80 %
Manhattan cousoL 4*------- 1990 A A O 1 ■
S rosonS hort Lino—6 g ..l9 2 2 F A A fl0 7
187% Jan. 1107%Sep.
96 Jan. 102 Aug.
39 Feb. 162 S op t
Or.S.DAUt'hN.—Oon.5g.1910 A A 0 I 01
M etro. Elevated.—1st, 0 g. 1908 J A J 120 8 118% Jan. 123 Juiie
32 Feb.
46% s o p t
41
2d, 6 s ................................. lSOihM A N 109% 100 May 109% O c t 4 U .F .D em A O ulf.oon .,5g.l930iJ A D
35 % J uue 04 Jam
U. S. Cord.—1st ool., 0 g ..l 9 2 4 ;J A J I 48%
M ieh.C euL—ls v ,c o n * .,7 s .1902 M A S' 1 2 1 b. 117 May
91% Feb. 103 J une
Virginia Mhl.—Gom.M., 5 s.l9 3 6 M A N 102%
C onsol., 5* ....................1 9 0 2 -H A N
106% June
104% May 100% Sept.
Wabash—l« t , 5 g ................ 1931) M A N 109
MIL LakeSh.AW .—Is t,0 g .l9 2 1 M A S' 132* b. 127% May
63% ------Feb., 81 S ep t
2d m ortgage, 5 g..............1939: F A A: 78%
—
Extern A Im p., 5 g ------..1 9 2 9 F A A 113 a. 109 Apr.
M tnn.A 9uL.-~1stco n .5 «,g .l9 3 i;M A S' 103% 100 May.. J W 1 , . iWesL N. Y. A F a.—le t ,5 g.l937|J
A J 110 b. 102% Jam !ll l % O e t .
97% Sept.
Gen. 2-3-is, g old .... 1043 A A 01 4.8%b. 45% J une ] 5 0 % Sopt.
Mo, K. A E —1st 5s, g., g o . 1942 A A O 98 ft. 81 Jam
West. Un. TeL—Col. tr. 5B.1938 J A .1 110%a 106 Jan. ,111% June
88%
M .K . A T exas.—1st, 4a, g . 1990 J A D
79% Feb. 91% Aug.
ti.f-1 3e|)t.
Wlso. C en t <%.—1st, 5 g.,1 9 3 7 J A .1
GO 44
Mar. I)6 4 % Sept
24 ,48, g . . . ......... . . . . . . . . . 1 9 9 0 F A A
44 Feb.
66%
Hems.—" ’ indicates price bid; “ a " price ifl.v l/ the range is m ale up from actual sales only. * Latest price tills week, t Trust rooeipts.

.NEW YORK STOCK gXCHANWB PKfCEN—i Continued \,— TNACTIVE BONDS- OCTOBER
SECURITIES.

Sid

Railroad Bonda,
I Jbwk Axe A,I ny. Priext.)
A lab.iT * Mid.—l* t,
g u a r.1928; *92
A . T. A 8. W—1 * . 4(1,Class 0.198i*|
ChiORgh A StLoU , l « i , 1% 1015 io s *
09!. MM, 1st,
Oe. . . . . . . . . 1938'
AtL % Pac.—i d W .!».. ifu, 65.1907;
WeiWrm IMvlsIeniucetec. ..I s i o i
3%
■Salt. « o n to —1 s t , Park ft. 19101 119 i

A*M.

SECURITIES.

B a lt A O hio-5 8 . Old............ 1925
.,oas. in ert, gold, 5 a . 1988
W. V*. A Pitts. —1st, g., 5a..1990
li. A O .S.
1st. g., 4 %h. . . 1990
Monon. River, I » t g „ g . 5 s ...1919
Cent*!Ohio R e o r — 1st, 4 % «.l9 3 0
Ak. A Cm Juno,—l8t,g,Sa,gu. 1930
Brooklvn Elevated—2d. 58 ...19 15
Seaside A B .B ,-l* t g .5 s ,g m l9 13
3%
Bronsw ek * W o —let, g. 4s, 1933

Bid.

Ank.

4

8EOUR1TLE8.

....... Butt. R oh. A F itts ,-G e a ., 58.1937
Rooh.
P., 1st, 6a.........— 1921
Rooh. A Pitts.—C ons.lat, 68.1923
Bull. A Susdueh.—Isflyos, g ..l9 1 3
Burl Ceil. Rap. A N o.—1st,58.1906
OonsoL * coU at trust, 5 a ... 1934
103%
Miuu* A St, L.—1 s t 78, gu .,1 927
•102
* ___ r 77%
Iowa O. A W est—1 s t ,7 8 .... 1909
Oed. Rap. 1. F. A
1st, 08.1920
85
88%
1st. r , « ....... ..... .
.......... 19211

110
113
*10.)
1 LO

Bid.

Ask

9 6 % '.........
124 |.........
121% 125
♦95 |........
107% 108%
l b T 'i o i ''
103 105
■90 I .......

THE CHRONICLE.

604

fV0L. L X I.

NEW fOHK STOCK. EXCHANGE PRICES .—INACTIVE BONDS—f Continued J -O C 1 OB ER 4.
SECURITIES.

Bid.

Ask

SECURITIES.

SECURITIES

Bid

Ask.

AP.M .— at Huron—let, 5e81939
*4
Norf.AW — AdjustmentM., 7el924
a. Cen A Pen.—le t g. 5e___1918 >105
*3u
80
Equipment, 5s........................1908
1st con. g., 5 e ........................ 1943 *94
Clinch Val. let 5 s.................1957
55
P*f. Worth A R. G .- 1st g., 58..1928
58
RoanokeASo.— lat,gu. 5s, g.1922
60s
Gal. Har. A San A nt.—1st, 6s. 1910
104
Scioto Val. A N. E.—1 st, 4 s,.1996 “84
85~
2d mort., 7 e............................1905 102 104V Ohio A Miss—Consol. 7 b ........ 1898 106
10 >V
Ga. Car. A Nor.—1st, gu. 5s, g.1929
*1- 7*e
2d conaol. 7s ...................... 1911 114
105
'9 9
Grand Rap. A Ind.—Gen. 5 s .. 1924
Spring.Di v.—1st 7s................19o5
G. B. W. A St. P.—1st, con. 5a. >911
*86
45
......
General 5a............................... 1932
2
2d inc. 4s.................... .........1906
*107
2*8 Ohio River R R .—1st, 5s.......... 1936
Housatonic—Cons, gold 5s___1937 124 V
Gen. g .,5 s .............
193- *80
*106 V
N. Haven A Derby, Cons.58.,1918 11 4s
50
Omaha A St. Louis.—1st. 4 s.. 1937
Hous. A T . C.—Waco A N. 7a..1903 130
Oregon A Calitor.—1st, 5s, g.1927
* 9 l‘
89
113
le t g., 5s (int. gtd)................ 1937
Oreg. Ry A N av.—Col.tr. g ..5s.l919
.....
Cons. g. 6s (int. gtd )............ 1912 105’ 108
*94
Penn -P.C.C. ASt.L.Cn.g.4 VsA 1940 i i ~
Debent. 6s, prin. A int. gtd.1897 *97 100
Do
do
Series B .......
uov
80
Debeut. 4s, prin. A int. gtd.1897
P .C .A S .L .-lst,0.,7s................ 190
Illinois Central—let, g., 4a ...1 951 H I
Pitts. Ft. W. A C.—1st, 7e.. .1912
1st. gold, 3 V b ........................1951 102
2d, 7 s ...................................1912
Gold 48
.............................1952 104
*116
3(1, 7 s.................
1912
Cairo Bridge—4 s ....................1950
Ch.St. L.AP.—1st, con. 5s, g ... 1932 1 1*5’ ’ .......
111V
Springf. D iv.—Coup., 6s___ 1898 10.1V
Clev. A P.—Cons., e. fd., 7s. 1906 118 120
112S
*105
Middle D iv.—Reg., 5e.......... 1921 114*4
Gen. 4V s, g .t “ A ............ 1942
104V
O. 8t. L. A N. O —Ten. L, 7s. 1897 103
8t. L .V .A T . H .—1st, 6s., 78.1897 10T
:::::
let, consol., 7s.................... 1897 108
2d, 7 s.................................... 1898
104V
....
Gold, 5a. o o u p o n ............... 1951 121
-95
2d, guar., 7s.........................1898 10*5 "
104 V
Mernp, Div., ls t g . 4 s.......1951
G d.R .A I.E xl.—1st,4 Vs,G.g. 1941 i i i V
16050
145
Ced. Falls A Minn.—1st, 78.-1907
P eo.A E .-Ind.B .A W .-lst,pf.7s LGoO 111
113
99
122 V
Ind. D. A Spr.—1st 7s, ex. cp.1906
Ohio Ind.AW.—Istp r e /.5 s ..l9 3 8
Ind. Ills. A Towa.—1st, g, 4 s ..1939
83
86
Peoria A Pek. Union—Vat, 6 s .1921 110
'88V
2d m ortg., 4 V s...................... 1921
1st, ext., g. 5 s.........................1943
69V
35* Pitts. Cleve. A T o l.—1st, 6 s... 1922
Int. A G. N’n.—3d, 4s, g . . . . 1921
80
10914 112
Pitts. A L. Er.—2d g. 5s, “ A ” .192b
Kings C o.-F .E l.,lst,5,g.,gu.A .1929
Lake Erie A West.—2d g., 5a. 1941
*....... . 127
Pitts. Mo. K. A Y.—1st 6s____1932
106
2d. 7 3-108, P. D ..
125 ____ L. 8. AM .Sou.—B .A E .—New 7 s .’98 106
Pitts. Painsv. A F.—1st, 5 s ... 1916
88
*
127
Det. M. A T.—1st, 7s............1906
128 V Pitts. Shen. A L .E .—1st,g .,5 s.1940
87V
*125 127
1st consol. 5s..........................1943
Lake Shore—Div. bonds, 7s. 1899 108 111
Pitts. A West.—M. 5s, g .1891-194 j
‘ 1H7
Kal. All. A G. R .—1st gu. 5s.1938
80
127
Pitts.Y ’gst’nA A .—1st, 5s,con .l927
Mahon’g Coal R R .—1st, 5s. 1934 116 V
__ Lehigh V.,N.Y.—1st gu.g.4V s.l940 102V 103V Rio Grande So.—1st, g., 5 s ... 1940
108
1st, La C. A Dav., 5 s ...,
127 128
St. Jos. A Gr. Is.—2d in c .........1925
Lehigh V.Term.—1st gu. 5s,g. 1941 110*,
1st, H A D., 7e..............
106 107% Lehigh V ’y Coal—1st 5s,gu.g.l933
Kan. C. A Omaha—1st, 5 s..l9 2 T
let, H. A D., 5 s..............
102 V
*118
St. L. A. A T. H . - Term. 5 s.. 1914 105
Litchf. Car.A West.—1st 6a. g.1916
106 *s
Little Rock A M.—1st, 5s, g-.19S7
Bellev. A So. III.—1st, 8s. .x89t- 102 V
108
Long Island— 1st, 7 s .............. 1898 110
Bellev. A Car.—1st, 6s......... 1923 100 105
114
Ferry, 1st, g., 4 V s ...............192
Chi.St.L.APad.—Ist,g(i.g.5sl917 UOO
Gold 4s.................................. 1932
St. Louis So.—1st, go. g. 4 s .l9 3 l *80
1(6V
N. Y. A R ’way B.—1st, g. 5s. 1927 103 V
do
2d in com e,5 s.1931 *70
117
Oar. A Shawt.—1st g. 4s___ 1932 *80
2d m ortg., In o .................... 1927
27 V 43
N.Y.AMan.Beaoh.—1st, 7s, 1897
Ohio. AN orw .—30-year deb.5s.1921 112
103% St. L. A 8. F.—2d 6 s,g., cl. A . 1906
N .Y.B.AM .B.—ls t c o n . 58,g. 1935 103
General 5 s . ............................1931
Esoanaba A L. 8. 1st, 6 s ....1 9 0 1 107
98
Brookl’nAMontauk— 1st,6s. 1911
1st, trust, gold, 5s............... 1987
DesM . A Minn.—l e t ,7 e .... 1907 117*4
84
le t, 5 a ..................................1911
Kan. City A 8.—1st, 6s, g ...l9 1 6
115 121
No. Shore Br.—l8tcou .58 ,g.l932 i0 4 q
Ft. 8. A V. B. Bg. —1st, 6 s ... 1910 104
Peninsula—1st, c o n v .,7 a ... 1898
106
Kansas Midland—1st, 4s, g.1937
Louis.Evans. A St. L.—Con.5s.l93& *41V
Ohio. A M ilwaukee—1st, 78.1898 1081,
St. Paul City Ky, oon. 5s, g .. . Iy37
Louis. A Nash.—Cecil. Br. 7s.. 1907
Win. A St. P .—2d, 7s............ 1907
Gold 5s, g u a r .........................1937
E. H. A Nash.—1st 6s, g ....l9 l< 113 V 116
Ifil. A Mad.—1st. 6s............ 1905 112
Pensacola Division, 6a........ 1926
6t. Paul A Duluth—1st, 5s___ 193J 112V
Ott. O. F. A 8t. P.—le t, 5e. 1909 107V . . . .
2d m ortgage 5s..................... .1917 103 *
Northern 111.—1st, 5a......... 1910 107 V
St. Louie Division, 1st, 68...1921 124*
St. Paul Minn A M.—1st, 7 s.. 1906 109
2d 3s . . . . .
1986 *66
Mil. L. S.AW.—C on.deb.,5s.1907 *106 110
2d m ort., 6 s..............................1901 117
Nashv. A Decatur—1st,7 s.. 190( 107
Mich. Div., 1st, 68.............. 1924 126
Minneap. Union—1st, 6 s___192.
Ashland Division—1st, 68 1925 124
S. f .,68.—8. A N. A la............. 1916 107
L26
.......
Mont. Cen.—1st, guar., 6 s.. 1937 118%
10-40, gold, 6s.......................1924
Ch.R.I.AP—D .M .A F .D .l8t4s.l9 05
1st guar. g. 58..................... 1937
let, 2 V s................................1905 ....... ........
50 year 5s, g .,.. ..................1937 103* 103 V
l" 5 ~
East. Minn., 1st div. 1st 5s. 190c 102V
Extension, 4 s................. .1905
Pens. A A t .- 1st, 6s, g o ld ... 1921
105
W ilm arASiouxF.—1st, g,5s.l9 J
Keokuk A D e s M.—1st, 58.. 1923 * i o i
Coilat. trust, 5e, g ............... 193 i 102 "
San Fran. A N. P.—1st, g., 5?. 19 It lo‘6‘
N ash.Flor.A8.— i st, gu., 5s. 1937
Chic. 8t. P. A Minn.—1st,6 s ... 1918 131V 132%
Southern—Ala. Cent., ls t 6 s .L 9 D
St. Paul A S . 0 .—le t, 6s....... 1919 12s Of iau*,
Kentucky C entral-48, g ... 1987
90
Atl. A Char.—1st, pref., 7s..1 8 9'.
Lou.N.Alb.ACh.—Gen.m.g.58.194C
Uaio. A W. Ind.— le t, 8. f., 68.1919
78
80
Incom e, 6s ....................... 190(
General m ortgage, 6 s.......... 1932 *117
Memphis A Chari.—68, g old.. 1924
Colum. A Green.—1st, 5 - 6 s .i9 lt 110
....
O h Ham. A D.—Con. e. f., 78.1905 117
1st con. Tenn lien, 7 s.......... 19 It
L15
E.
eau. V. <&Ga.—Di vis.os 193( 115
Ad, gold, 4 V s .......................... 1937 *105
M exican Cent. Consol.—4s, g.I91J
Rich.A Dan.—Eq. s. 1. g. 5s. L9o6
<Vn. D. A I r ’n—lst.g u . 5s, g. 1941 n o
113
1st, cons, incom e 3a, g........ 1936
95
100
Deben. 5s, sta m p ed .........Iy2,
Olev. Ak. A Col.—Eq. A 2d 68.1930
100
Mex. International— 1st, 4s,g.l94i
Vir’a Mid.—Serial ser.A, 68.1906
94
C.C.C. A 8t. L „ Cairo div.—4s, 1938
M exican National—1st, g., 6». 1927
93
Series B, 6 a ......................... 19U
St. LOU. Div.—I8t00l.t8’t48,g. 199(
2d, incom e, 6s, “ A ” .............. 1917
95*4
Seiies C, b s.......................... l a i b
Spring. ACol.Div.—1st,g. 4e. 1940
2d, incom e, 6s, “ B ” .............1917
Series
D, 4 -5 s ......................1921
whiteW .Val.Div.—lst,g. 4s. 1940 *98
___ Michigan Central—6s.............. 1901 116V
Senes F, 5 s ..................
ly31
Cln.Wab.AM.Div.—1st,g. 4s.1991
Coupon, 5s...............................1931
119
95
Wasli.O.AWI— 1st our.gu.4s.1924
OIn. I. 8t.L . A C —let,g.,4s. 1936 106
Mortgage 4 s............................1941 102
85
81
L01V
L’er. RR. A s’n o f St. L.—
'JjusoI , 6e.............................. 1926 135
Bat.C. AStrgis.—lst,38,g.gu. 1986
....
1st, 4Vs. ......................
..1936 107
Oin.8an.ACL—Con.l8t,g.5s, 1928 n o
Minn. A St. L.—1st, g. 7 s ........ 1927 144V
1st, cou. g. 5 s...............1894-1941 102
Iow a Extension, 1st,7s.......1901
C. Col Cin. A Ind.—le t, 7s,s.f.l898 112
—
L27*s
St.L.Mor.Br. Perm ,g .os,gu ..l9Jo
0 >u8Ol. sink, fund, 7 s .......... 1914
Southwest E xt.—1st, 7a.......191l
Texas A New Orleans—1st, 7». 190;
Cin. A8pr.—1st,C.C.C. A I.78.1901
Pacific E xt.—1st, 6 s .............192] 117V
115 V
Sabine Division, 1st, 6 s....... 191; 110
Cleve. Lorain A VVLl —1st, o s .193;.- 108
95
. . . . . . M o.K. A T ex.—1st, ext., 5s, g.l9 ± 4
C0U80L 5s, g ......................
194i
94
Cleve A Mali. V.—G o ld .5 a ... 1938 120
M o.K.AT.of Tex.l8t,gu.5s.g.l»<4i
86
Tex. A Pac., E. D.—1st, g. 6s. I hOc 107
Del. nack. A W.—Mort. 7 b___ 1907 ‘ 130
Kansas City A P., I8 t,4 e,g ..l9 9 i
76S 77
Third
Avenue
(N.
Y).—1st
5«,
193r
,
121
Syra. Bing. A N. Y.—1st, 78.1901 *12514
Dal. A W’ aco—1st. 5s, g u .,..194 (
83
Tol. A. A. A Cad.—6 s ...............1917
76
Morris A Essex—1st, 7s___ 1914 143
80
144
Missouri Pacific —Trust. 5 a ... 1917
85
Toledo A. A. a G’d Tr.—g. 6s. 1921
1st ooll., 5s, g ........................ 192< '75
B o 'ds, 78............................ 1906 116 118
89V
7s o f 1871............................ 1901 l lb V
76
St L.AI. M .-A rk .B r.,lst,7s.l89 £
105* Tol. A. A. A Mt. PL—6s.......... 1911
Tol. A. A. A N. M.—5s, g_____194(
1st, on., guar., 7 b............. 1915 139
M obile A Ohio—1st ext., 6 s ...1927
141
115
T.AO.C.—K an.A M., Mort. 4 s.l99t
Warren -2d, 7 s ................... 1906 ' l l 2
75
80
St. L. A C airo—4s, guar.......193]
*85"% 87
Tol.P.A vV.—1st 4s,ino.f’d.cou.Jul3
aO7* al*4
D. A il. Can.—Pa. Div.,coup.7e.1917 140
Morgan’ s La. A T.—1st, 6s___192» 113
Ulster A D el.—1st, con .,6.,5 s.I92t 105
Albany A 8usq —1st, gu.,7s. 1906 125
1st, 7s.............
191> 12 4V
Uuiou Pacific—1st, 6s.............. 189( lu7%
at, cone., guar., 6a.........190t
Nash. Chat. A 81. L.—2d, 6S..190:
116 118
1st, 6 s ..................................... 1©97 107%
Reas. A 8ar. le t, coup., Vs.192] 140
N. O. A. No. E. -P r . 1., g., 68.-1911
1st, 6s...................................... 1899 10s%
Denv. Tramway—Cone. 6s, g.1910
N. Y. Central.—Deb. g. 4 s ....l9 0 f 10., %
Collateral Trust, 6s...............190b
Metropol. Ry.—lst,gu, g.6s.l911
98
N. J. June—Guar. 1st, 4s...l96< 101 104
.......
Collateral
Trual, 5s.............1907
Denv. A K. G.—Im p.,g., 5 b. . . 1928
78
92'
Beech Creek—1st,gold, 4 a ..l9 3 i 10,
Kan<a©
Pacifio—
1st
6s,
g
...l
8
9
5
109
Det.M. A M .—L. g. 3vs,ser.A . 1911
Osw.
A
Rome—2d,
5s,
g.,gu.
1915
i09 V
26
24
1st, 6s, * ............................... 189b 110
Ou*ucb a Iron Range—1st 58.1937 '100V 102
Utica A Bl. Riv.—4s, g., gu.1925 104
C. Br. U l’ -F . 0., 7s.......... 1895
Erie— *si, extended, 7s...........1897 107V
N. Y. A Put.—lat, g., 4*. gu.1993 1< 3V
Atcli. Col. <\ Pac.—1st, 6 s... 1905
43”
44
1 0 ,5g L07 %
extended, 5a..................... 1918 113
. . . . . N. Y. Elevated—1st, 7 s.......... .. .
Atch. J. Co. A W.—1st, 6s...1905
42
31, extended, 4 V s..................1923 107
N. Y. N. H. A H.— 1 st, re**. 4 s.1901
U. P. Liu. A Col.—1st,g., 5s. 1918
45
4ih, extended, 5s.................. 192(
N. Y. A Northern—1st, g. 5 s.. 1927
114V 117
Oreg.S.L.A U.N.,coLtrst.t5s.l919 *30
5 th, extended, 4s................... 1928 102
N. Y. Susq. A West.—2d, 4 v s .l9 3 r,
7*
103
Utah A North.—1st, 7s........1908
1st, con., g.. f’ d, 7 b ...............1920 137
Gen. mort., 5s, e ................. 1940 f83
......
Gold, 5 s ........................... ...1 9 2 6
Reorg.. 1st lien, 6s.................1908 113
93
Wilk.A East.—1st,gtd.,g.5s.l942
95
Utah Southern—Gen., 7s ..1909
N. V. a E.—1st, 7s. ........191( 135
Northern Pac.—Divid’d ©crip exi.
57V 70
Extern, lat, 7s.............
1909
__
L. E.AW.—F ad.oou. 58.1969
L24
James
River
Val.—1st,
*is...l93<
80
78
Valley R ’y Co. o f O.—Con. 6s. 1921
Col. trust., 6a........................ 1922
8pokane A Pal.—1st, 6 s .__ 193'
77
. ...
Wabash—
’ ,rf. A 8. W’.—Mortg. 6s___1906
St.Paul A N . P.—Geu., 6s.. 1923 121V
Debenture, Ser. A................ 1939
/e le r s o n —1st, gu.
5 s ___1906 100
10
HeleuaARedM ’ u—l ot,g.r6 s. 1937
Debenture, Series B .............1939
35
,»<k1 A RR.—69..............
1922
DuluthAMauitoba— 1st,g.081936 *77 V
Det. A Chic. Ext.. 1st. 5a. c .,1 9 4 0
99
Lock A lm p t.,lst 6s, our’oy.1913
Dul.AMun Dak.Div.— Laths. 1937 '77 V
1
.K.C.A^
St
C.lidge6^.1£0105
E *mjb. T .H .—1st,cons.,6s.. 1921
Ooeur d’ Alene—l8t,6 s, gold. 191b
1 1 5"
West N .W A pa.,geu.g. 2-3-4S 1943
46 V 49V
at, geLeral. g ., 5 e ................ 1942
Gen. 1st, g,, os..................... 1938
Incom e 5s...................... . — 1943
.8% 19%
tft %e. non 1st 6 s ................192t
Cent. Washington—1st,g., 6s. 1938 *36" 60
Wbhi. v a. C. A Pitts.—1st, 6s. 1911 109 112
105
Sul. Co Br. le t, g., 58........... 1936
Wheel.A
L.E.—1st.
5s,
g
o
ld
...
1926
12L
103 V
Evans. A Indian.—let, con s.. 1926
___
Extension A Im p, g ., 5s.---- 1
0 92
113
Flint A P. Maru.—M ort., 6 s ... 1920 1Vo %
New River 1st, 08................. 1932 n o
Wis. Cent, incom e 5s
..
.1937 * 1 2
i8t, con. gol<f. 5 b .................1939
(mo. A Ext.. 6a. . . ............. 1934
94
0. Ohio—Col. A Cln.M .1st,4 Vs.I 931
Cent. EE. <4 B ack.—Col. g.5f .J 9 3 '
Cent, o f N. J .—Conv. deb., 68.1908
Central Pacific—
Gold *oi d8, 6 h.......... _ ........ I f 96
Gold bonds, 6 s .......................1897
8an Joaquin Br., 6 s...............1900
Mort. gold 58.......................... 1939
Land grant, 5 b, g................... 1900
Cal. A O. D iv., ext., g. 5 s ... 1918
West. Pacific—Bonds, 6s___ 1899
No. Railway (Cal.)—le t, 68.1907
50-year 5 s............................ 1938
Ches. A O.—Pur. M. fund, 68.1898
la ig Valley—1st, g., 5 s .... 1940
’*arm 8pr. V al., 1st, g. 5 s.. 1941
O es. O. A 8 o. W est—1st 6 s, g.1911
$d, 6 s........................................1911
Oh. V .—G en.oon.lst,gu.g,5s.l938
C ’ cago A Alton—8. F., 6 b---- 1903
Louis. A Mo. R iver—le t, 78.1900
2d, 7e.................................... 1900
8c. L. Jacks. A Chic.—2d, 7a 1898
Mias.R. Bridge—1st, a. f.,6a. 1912
Chic. Burl. A Nor.—let, 5 s ....1 9 2 6
D ^benture fls.......................... 1896
Oil o. Burling. A Q.—5s, 8. f ..l9 0 1
Iow a Oiv.—Sink, fund, 5 s.. 1919
1919
Sinking fund, 48............
Plain, 4 8 .................................1921
Chicago A Iow a Div.—5 s ... 1905

F.

•No prio« Friday; these arecue latest quotations made this week. U o r J l i a o e il a u e o a a s a d U n lis t e d H o a d s * —See 3d page preceding

O c t o b e r 5, 1895. j

THE

CHRONICLE.

iu u c s tm c u t

R oads .

AND

R a ilr o a d

I n te llig e n c e .

RAILROAD

EARNINGS.

T he following m o le s b o w a the gross earnings o f United
S t a n s railroads (and also a fe w Mexican and Canadian roads)
fo r the latest period reported. The statement includes every

ETEAli o o j irom which regular weekly or monthly returns
cau he ju ta m e d . T h e first t w o columns o f figures" give the
gross s .r id n g s fo r th e latest w e e k o r m o n th , and the last two
c o l J in n - the e a r n in g s f o r th e c a le n d a r y e a r from January 1 to
an d in c lu d in g s u ch la test w e e k o r m o n t h .

The returns o f the street railways are not included in this
table, but are brought together separately on a subsequent page.
R oads

Latest (Jrouts Earnings.
W eckorilo

1895.

| 1894.

Jan. 1 to Latest Date.
1895.

|

1894.

s
1
s
1
s
i s
A dirondack.......J u ly ............
17,1511
i;«,3“ 8
110.962
91,406
Ala. Midland.. J u ly ..........
56,758
39.514
294.478
309 978
Allegheny Val August ... 23-1,883 20-1.515 1,632.5671 1,354.967
Ark. M idland... J u ly ...........
7.112
6.104:
49.269'
44,805
Avon. T. a s. r’e 34 «rt Sept 584.729 567,834 19,775.849 19.248,049
St.
* San £ J<1 wls srpt
121.391 12",539 4.135,308 4.166,788
A tlantic * P a e :jd wk Sept
62.41“
53.819 2.638.504 2,218.035
A gg. total.
il w kSoul 708,538 750.192 26.550 01 25,629.871
A ta u U A D . P Ju ly ____
32.428
31.558
246.859
258,343
Atian. A Uaov. .14 wkSept
12.573
11.579
3-3.16 7
351.336
Austin A N’ Weet J u ly ...........
20.020
17.092
135.267:
133,951
B.AO.Eaet Line- a u g u st__ 1.648,860 1,749,37011,135,911 10,800. 99
Western Line- August ..
503,50* 448.097 3.4 -5.260 2.905,025
T ota l............A ugu st___ 2.152,365 2,197.467 14.631,191 13,705.924
Rat. A O. S o u ir . *tft wkSep.
106,021 173,8191 4.697,336, 4,58 ,666
Bangor AArous t - j n i y .......... i
50,703
22,031
412.140
166,384
Bath A Hatn’ uiD J u ly .......... ;
2 , 1-6
2,258
13,015
11,633
Blr. A Atlantic, iAugust . . .
2,504
1.742
12.237
14.158
Brooklyn Kiev. tuj wkS«p,
42,778
38.469 1.57 ,080 1,29 4,087
B r tu s v 'k A W e s tj uly •
46,004
40.537
289,594
293 118
Baff.Hoch.APIn ytiiV kS er
91,979
8 4,029 2.2 47.5391 1,930,313
Bar. U. Rap. A A 3.1 wk Sept 120,9321
88.512 2.778,355 2.563,139
Camden A Ati July ......... 150,853 139,014
514.1271
4-4.147
Canadian I'aclU. UB wkSep. 588,004 I 562,000 12,596.141 13.036.983
Car. M id la n d ..... A uguat
4.661!
4,927
28,20.')
34,820
Cent, o f iieurg’.a juK413.503 346.491 j
Osntral o f H. J August"” ' 1.277,399 1.155,848 8 3 2 6 ,7 0 i
Central PaclHe. J u l y . ..” .. 1,198,213 840,260 7,0 '7,909 6,882,005
5.9 ,2 9 .
Ouktlest'uA8av June .......
47,999:
303,356
361 766
O haraw .A llan. J u ly .......... |
7.426'
60.2
4.733:
45,322
Oies. A O h lo .... U hw k.-ep
232.0 6 4 223.403 7,065.444 6,659.633
Cbce.o. A 80. W.. j A ugu st__
239.351
IBH.uOi 1.535.831 1,321,433
C h lfc.h u r.A 80 ,v„<u»t
157.951; 171.297 l.i'8 5 ,9 0 l 1,075.861
M -Cola. Bur. A 14. i August.
3,074.196 2.934.114 19,406.896 20.550,878
C hIc.A ltast.il) ith w sse p ,
88.400
78.100 2,713.218 2.34-.180
a i c a j r o A l i n e J u ly .........
187,149! 158,533 1.35021-5 1,234.124
ChJO. tit. West n irfwk Sept
90.603 ,
86.516 2.702.611 2,548.956
Chic. MU. A St. P . 1th wk Sep. 935,911! 854^520 20,574,793 20,759.075
Chic. A .S'thw'n August
J3.070.329,2,750,558 18.775.22.V 18,925.546
CBlc.Peo.AaAC u4.1 ark Sapti
20,909!
20,82 7
654,239
548.7< 1
Chlo.R’ k l . A P
8 idetnt/r. l,381,0 - o 1,522,4 91 10.935.413 12,120,493
C hlc.at.P ..M .«o August ...j 701.063' 012,503 4.132,026 4,502.646
Chic. A W. Mich 31 gk Sapti
33337] 1,228,443! 1,110,314
40,790;
Choc. O k i A till Maron.......
74,912|
240.702]
50,421
105,732
Cln.Ua- A Pure- A u gu st... \
6,510
6,312
43,102
41,070
Cln.A A e n c aou J u l ) ..........
898
655
Cln Jack.A Ma. IthwkScp.;
18.465!
459,57'’ ' 460,52
14.354
CIB..H.O * T . P 1st wk Sep:
67.000
6.7.000 :.391,001-! 2,202,000
Ala. UC Soutli 1 d wk Sep
24.00* 1 25.000
907,000]
897,000
Jf. Orl. A X. R 1st wk Sep!
23,00*17.000
830,200
21,152
Ala. A VloK.i, 1st wk Sep;
9.000
a.OOi
317.723
322,453
Picks. SB, A P 1st wk sap)
7,00*-!
324,408
8.000
324,097
fcrlauger Syst ; 1m wk Sep! 129.00124.000 4,830,337 4,520,702
(3n. Pott*. « V 'A u g u s t....!
27,885
24,583
17»,329
162.075
a«v.A »ru ))*< V . !August ...I
82.620: 73,096
598,100
507,340
Clev.Cao. a b o .. 3d wk Sept!
14,098;
477,025
411,903
1 8 447
tiLCta.Ch.A8CI (3d wk Sapti 293,231 ( 287.505 9,931.5101 8,909,033
Peo.
A Rast'n
"
"
A u gu st.. . .
170,425; 171.78 i 1,280 417| 1,012,564
til.Isir.A Wheel 4tti a ksrp.
41,02 J
39.139 1,030,750;
881,032
Col. M idland..
45.272
UBwkApr
498,999]
08 514
490.275
Out 41. V. a Tot Scptonih’r, *208,905! 270.674 1,839.322 1,941,830
OM. rtand’y A U 31 wk Sept
25,7061
20,219
051,087!
542,311
Ooiuaa A Lake August___
3.000]
«2,020
5,000
■
Crystal . . . . ________
J u n_ e _____
3.06.1
318
753
5.035
Cfumh'IMValley July
75.893!
446.200
60.013
417.814
tieuv. A R4» u r ; Ith wk.S'-p. 200,100] 188.000 5.1 C5.2011 4,771,110
iM C latcs'gAX u 3,1 w kSept
822,591)
- 1.9
24.320
701*955
P it , A Mae kina* J uly
19,643
151.147
226,333
Uuiutl>a..-,«An !3 i1 wk Sc 1>t
36.41-5!
38.1 0 1,278.50 i! 1,217,829
ElginJoLAKaaf August ..
700,972
86.720
96,701
653, l HO
Eureka spring- June ....... ’
. 03
30.157!
0,173
.
■vans. AI nd pit- 3d wk Sept
6,->86j
203,823
201,301)
0,022
Evans, A ttlcu. 441t w ksep.:
2,3.75;
77,040
80.14 I
2,027
Evansv A T, 11 3d wk s*-pi
2M 47;
7-12.033 751,474
240002
Pltcnhurg, . . . . . . |Arign.it.. , . ' 8.5M, 117 000,680 4.732.001 4,431,i 4
Flint A P. Msr-i 3d wk 8apl
49,5*2* 50,410 1 ,7 8 -,8 /0 1,73/1,472
PCW*UiAUen.C. July . . . . . .
87.93b
7 8 ,1 us
P e w . A 1440 Ur 3d wk Sept
10,712
238,320)
17*,279
(fads. A A te U August___I
001
867
4,268
5.019
Qeorgta H R ..... tth wkSet.
88,5,226]
34,017
3’ ,352
897.323
uaorgla A A la . Septemh'r j
310,913
43.124
Ba.C ar'la « jm August
53,439
429,801
50,068
420!l91
Geo- So. A Pla. August
00,782
508,021
70,59 i
528.812
Mr. Kap. A i ix! |.) wkSept:
1,357,331
43,902! 37r851 :.
c m . 4CA P ew PI Wk Sept1
9,509!
317,9011
290,813
8,309
Traversa Ctty :M wk Sept
717
35,397
897
33,060
k a s . « , R. A I J.j wk Sept;
2,133
74,004
2,240
08.410
T o e ail Uae- nl wk Sept
50,831
49,12:. 1,943,850 1,758,479
Israeli Tran* . i Wit
403,305! 400.172,13,112,409j 13.118,207
Clue. At Ur. Tr WU 8ep.*2 l
55,500!
53,389 1,904,2741 1,968,583
D eM ir.H .A M Wk Hep.
23,581
718,7e9
u0 a181!
717,127
Great Nurtb'n81.P. M. * M August
1,188,009 1,086.1011 7.007,245 8,358,217
KjMtor.Hton. August
648,610
133,4.50 1392117
794,996
Montana* .ent AnguM
110,090 1372*30
981,583
978,008
Tot. »yateuj. A uga* t .
1,430,209 l ,363.318 9,383,824 7,980,405
Half <b i'bio«M(o Vttgt&#»t
28,001
3.735
3,5081
26.371
Hooa.Tan.Awn J u ly .,.......]
22,813
4 ,0*47i
4..515
20,260
H ou a.E .A W /lW 3d wk Septl
270,273
11,363
9.611!
387,606
Haiaeet' n,»* tmi. ,i
t
74,796
10,0001
10,816
02,1100
fill not* f
,1An*U*t
1,002.259 I .595.297 12.339.903 11.324.740

605
Latest Gross Earnings.

i Week or Mo

1895.

1894.

! Jan. 1 to Lultat Dale.
1895.

1894.

1
$
$
1
$
$
Ind. Dec.AWest 3d wk Sept
9,352
9.721,
325.949
285,666
I ml. 111. A Iowa J u ly ..........
56.066
82,251
438.497
440,185
In.A Gt. North’ll ith wkSep. 141.211 155,239 2,6 *7,219 2.263,992
lln teroo. (Mex.i Wk Sep. 7
42,708
41,122 1,57^ 872 1 640 287
IowaGeutrai---- 4th wkSep.
46,17b
32,3631 1,158,691 1,228.733
iron R ailw ay... A ugu st---3,b04
3/792
32,728
26,050
ja ok . T. A K. W A ugust___
21,223
35,427
287.175
545,901
J arnesfn A L. E. J uly..........
3.94 s*
4,403!
22.969
23,873
KanawhaAM iet 3d wk Sept
8.01*2
7,125
309,326
2K1.585
K.C.F.Seott AM 3d wk Sept
86,336
75.16S 3.148 197 3.333,041
K.C. Mem.A Bir 3d wk Sept
21,153
17,260 1 698 943
705,624
Kau.C. N. W .... VUtfUSt___
21,611
22,081
163,615
194.329
Kau.C.A Beat August___
385
3,285
1,4751
8,318
K.
C. Pitts.
G ..
ith&wkSep.
13,18
10,058
374,152
297.543
Kau.C. Sub. Bell 3d wk Sept
5,580
0,S-iS
205.900
194,032
, Keokuk *&West id wk Sept
8.683
7,**5S
261,229
266,968
L. Erie AU.ASo A ugust___
6,130
7,545
50,909
45.673
L. Erie A West. 4tu wkSep.
86 .4-2
86.959 2,560,070 2,449,506
t Lehigh A Hud Allftust___
36.396
36, 4<
2 7 1.993
250,508
Lex’gton A East Ju ly ..........
18.842
116.111
14 746
Lou £ Island—
A ugust___ 520.81*
49 ,663 2,785.873 2,789.471
Los. Aug. Term August___
13,598
17.514
112,165
121,590
Loul8.Ev.ASt.L 3d vvk Sept
33.789
33.304! 1.033.550 1.013,852
Louisv.ANashv 3d wkSept 331,610 393,875 13.683 694 13,512,213
Louis. N.A.AUh 3 l wk Sept
73,78
66,478 2.282.802 1.991,011
Lou SLL.ATex 3d wk Sept
«,136
8,449
294,682
298.422
Macon A Birm. August___
5,015
45,563
5,958
49.073
Mauistique....... August___
15.0~3
90. U o
9,703
51,319
MeiuphisAChas M wk Sept
28.259
22,107
792,745
S57,544
[Mexican Cent. ith wkSep. 217,064 170,979 6.H51,838 6,203.123
Mexican Inter*! Auirust —
212,9**2 157.100 1,704,959 1,439,252
IMex. National id wk Sept
83,446
76,101 3,082,52* 3.000,4«3
Mex. Nortnern. J iliv ...___
63,140
398,605
54,118
371,111
[Mexicau R’ wa> VVk Sep. 14
52,337
01.075 2,343,62! 2.242,913
Mexican S o___ id wk Sept
9.070
7,741
342, 33
347,630
Minneap.ASLL ith wkSep.
49,610
55.885 1,372,983 1,249,217
Mo. Kan. A Tex.
___ x .
6,411,107
Mo.Pac.Alron-M ith wk>e]r. 690,000. 63 *,00' 16,035,612 15,505,973
Central Br*oii. 4tli\vkScp
16,000
18.000
407.599
570,520
T otal........... 4tU wkHep. 706,000) 650,00' 16,443,211 10,082,493
Mobile A Birm. 2d wk Sept
4.851)
6.098
Mobile A O hio.. Septeiub’r
248.208 2,3b8,060 2,280.104
Mont.AMex .Gif. A ugust___
85.0oi • 100,318
808.388
727 504
Nasb.ChaA St. L. A ugust
! 409,803 302.052 3,021,501 2,991,805
Nevada Central A ugust
j
2,112
1.883
17,682
10,533
N. Jersey A N. Y J o n e ........
30.090
28.784
159.204
152,420
7.430
New OrL A So’n. August___I
_____
6.626
50,393
60,871
N. Y .C .& H. K .. August. ...11,081,745 3,804,408 27,957,729 26,090,912
N. Y . L E .4 W , J u ly ..........’2,323,167 2,077,125 14,693,797 13,761.192
N. Y.Pa. A Ohio June
............ 451,850
"
570.302
3 131,707) 2,352,623
N. Y. OnL A >v :s,i wk Sepi
74,334
74.95
2.614.475 2,715,403
N. Y.Husq.A W .. 4Vugust__
190,406 150,999 1.458.476 1,206,846
Norfolk A West u ii wk8ep. 190,990 221,776 0,741,103 7,390,800
North'n Central)August___ 578,072 596.724 4.120,204 3,793,789
NortJi’n Pacino |3d wk Sept 545.4 I 1 532.000 12,011,260 10,479,941
Oconee A West [August___
2.753
2,321
10,307
19,902
Ohio R iver....... )3tl wk Sept
2l.59.t
23,755
578,r>ll
495,099
Ohio Hi v.A Cba#- August
10,006
12,50110,120
104.545
Ohio Southern -itli wksep.
21,353
21,030
522.834
494.331
Omaha A St. L. March___
23,001
37.73
07,330
121,285
Oregon Imp. Co. A u gu st...
294.531 351.218 2,139,428 2.537,402
Paoitlo Mail — Lvugust...
347,455 318,170 2,954,55
2,504.401
Pennsylvania... August
0,085.901 5.739.U55 41.000.134 30,740.558
PeorialJeo.AEv 4th wkSep.
22.213
23,15
060,201
029 104
Petersburg........ J u ly ..........
51,8)8
44,236
316.114
.320.823
Phila. A E rie... J u ly ....... .
3 m2 561 3 7 4 ,5 '3 2,233,300 2,072.456
Philiis A Read'g. A u gu st..... 1,906.417 1,783 660 13,525.137 12 872,232
Goal A ir, Co.. A u g u st.. . t.960.140 1,589.386 14,302,374 13,455 098
Total both Cos August*. 3.866.557 3,373.052 27.827,51 26 327 330
з . 030
PiUe.M ar.ACn jA u gu st..
2.874
27.89!
21.071
PltLSben.AL.E 3d wk Sept
12,320
14.432
437,523
313.462
Plttab. A West 3d wk Sept
39 538
35.089 1.211.172
963,340
Pitta. Cl. A To» d wk Sept
19,‘lS l
16,346
008 06
445.861
Pitta. Pa. A t 3d wkSept
9.521
9.092
2oO 542
220,249
Total aysteuj. 3d w kSept
08.140
61.12
2.104 9 4 1,003.449
210.29*; 134.730 1,lu7,794
Pitt.Youiur.AA August ...
702,185
2 4,9 40
Quincy O .A K .* August ...
21.740
104 980
152,409
Rleh.Fr*k«b.AP J u ly ..........
05,847
53 57.'
4 U , 053
417,415
Rich. A Petersi* jj u l v _____
31,801
29.493
196.815
197.492
Rio Or. South'n it u wkSep.
11,738
11,059
301,402
206.000
50,200
Rio Gr.Weat’ n. . 3d wk Sept
01.‘ i5o 1,033.402 1,445,786
и.
7023
Bag.TuacoiaAH! A ugust___
12.U
73,98
77,768
Sag. Val. A St. JL J u ly ..........
7.249
7,18
49,246
SL L. A. A T. H. 3d wk Sept
20,950
28,540
911.336
922,633
8t.L. Ken’et»vso.; A ugust___
3.621
•24.67
- 001
10 948
St.L.Southw’rn. [4th wkSep.' 150.800 154.000 8,419,887 3,033.044
St. Paul A Dul'th A ugust__
154.518
146.745
^99.603
897 440
San Ant. <x A .P A ugust___j 155,«>7.:* 105,884 1,172,7.16
901.347
17,539
S.Fran.A N.Pao [2d wkSept
19,045
500,487
568,917
Sav.Fia. A ‘Vftsi fjulv ....... 1 285.519 259. <37 1.9-9,291 2,304,898
5,49"
Sner.snrev.A Hi 3d wk Sept
213,890
0,313
181.509
9,500
Sliverum.......... August___
8,752
35,431
28,936
So. Pacilic C o.Gai.llar.AH.A Ju ly..........
342.759 301.319 2,532,263 2,191,596
Louis'a Wem. Ju ly...........
03.3H
04,350
515.844
605.^0
Mory n'a L a I IJ u ly ..........
342.5^7 386,718 3.150.1X8 3,017,223
N. Y.T. A Me.\ IJ u ly ..........
10,082
10.276
128,482
122,355
Cex. A N. u r i. )J uly..........
114,399 101.332
91^,748
839.127
Jktlautiesyn.tr J u ly ...___ 883,403 878 225 7 470.260 6 744 492
L,acit1c systeu J u ly .......... !,9
1.857,905 17.030.385 16 684,520
rota! o f all J u ly ......... 3.780 463 2.736.190 25.100 051 23,429.012
346,650 302,783 3,000,901 2,597,560
Atliliated lines] J uly . ........
Grand total. Ju ly ......... 4,130,1*. 4 3,101,973 2 s ,101,012 26,026.578
So. Pac. of * - Ju ly..........
947,978 507 040 5,721,032 5,028.380
150,190 118,130 1,270.433 1,117,110
8o.Pae.of Ari> j.July..........
So.Pao.ofN.M Ju ly ..........
80,024
510.502
54,735
004,323
Northern Ry. J u ly ..........
101,042 1,037,321 1,139,999
Southern R y ... Ith wkSep. 508.298 490,487 13,020,9*. 3 12.778,035
Staten lal. K. r iju ly ..........
151.697 155,907|
657,497
618,584
9,503
Stony Cl. A C M t.. J uly..........
9,38o|
22,278
21,568
1,384
StuL A Ark. Riv A p ril........
929
79,852
Summit Brumdi ;A ugust___
758,651
67,081
593,235
55,587
Lyk. Val. Coat August ...
4 .7 818
55,510
523,438
135 439 123.22 L 1,200.499 1,116 673
to f t both Co A ugust___
Cexas A Pacihi- 3d wkSept 122.4 83 135,029 4,296,582 4 301,894
C»x.8.ValAN W August
26,852
3.047
3.377
25.519
26,012
I’oLA.A.&No.M ttii wkSep.
816.695
785,465 *
27.537
Col. A Ohio Cent Uli wkSep.
49,659
00.499 1,297.431 1,282.716 w
Col. P. A Wem. 3d wk Sept
22.906
623 169
20,230
694.393
55,010
Col. St. L.A K .C ith w kSet.
4-,269 1,323,719 1,134.589
Jester A Dei
219,907
51,241
J u ly ..........
224,104
49,208
Julon Pacific
Un. Pae. RR J u ly —
l ,192,50t- i .094,370 7,606,521 7.727.653
499,266 320 449 2,819,370 2,050,861
» r ,a , L * U .8 J uly—
43.20!
315,321
464,040
St-Joe.&Gd.ls Ju ly___
55,533
Kan.C. AOm J u ly ....
36.071
73.873
8.444
5 012

THE CHRONICLE.

6 .6
Latest Gross Earnings.
ROADS

Weekor Mo

U ;s. p,i c.— Con.

rot.st.j.&G.i. 3d w t Sept
Oent.Br.......a 4tli wkSep.

Aoli.Col.&P. /
A ch .J.C .A W i iJ u ly ..............
Gr’d total. *r J u ly ..........
U.Pao. D .& Q (July..........
Ft.W ’th& D.O J u ly ..........
W abash............ 4tli wkSep.
W aoo & N orth v. J u ly ..........
West J erse y ..~ Ju ly ..........
W .V .C en.* Pitts August___
West Va.& Pitts. J U U 6 ............
Western o f Ala.. (July..........
West. Maryland August___
W est.N.Y. & Pa 13d wk Sept
Wheel. & 1.. Erie 4th wkSep.
Wisoonsln Cent. j3d wk Sept
W rightsv.&Ten. A ugust___

1895.

1894.

Jan. 1 to Latest Date.
1895.

1894.

ft
*
*
*
17.291
17,521
456,743
GG4.891
16,000
575,498
18,0.0]
407,599
18,821
146,200
218,217
25,746
1,869,184 1.668,879 11,733.767 12.422.123
262,711 184,1011 .1,685,858! 1,491,577
75,14 6
87,9361
336,4 84, 331,514 9,191,736 8,402.309
95,378
13,6841
115,957
12,961
909,237
862,883
200,523 188.514!
635,418
71°,283
101,348 105,290
178.027
172,355
35.0851
30,315
36.964
270,465;
277,797
33,974
140,8f. 5; 143,580
822,914'
805,388
7 7,000 2,235,269. 2,179,259
62.000
887,056
42,175
34.746
103,850
94,5-51
4 9,695
51,249
5,573
6,237

* Figures given do not include Oregon Ry. & Nav., Un. Pao. D enver &
Gulf, D enver Leadville & Gunnison, Montana U rion and Leavenw orth
Topeka & Southwestern,
it These figures include results on leased liner.
b Inoludes earnings from ferries, eto., not given separately. 1 M exi­
can currency, c Inoludes only half o f lines In whioh Union Paolfio has
a a lf interest.

Latest Gross Earnings by Weeks.—The latest weekly earn­
ings in the foregoing are separately summed up as follows:
For the fouuh week of September our preliminary statement
covers 31 roads, and shows4’91 percent gain in the aggregate
over the same week last year.
4 th week o f September.
Balt. & Ohio Southwest.
Buffalo Roch. & Pittsb’g .
Canadian P acific.............
Chicago & East. Illinois
Chicago Milw. & St. Paul
Cin. Jackson A Mackinaw
Clev. .Lorain & Wheei’g ..
Denver & Rio Grande—
Evansville «fe Richmond..
Grand Trunk o f Canada.
InternT & Gt. North’n .. .
Iow a Central...................
Kan. City Pittsb. & Gulf
Minneapolis & 8t. Louis.
Mo. Pacific <fc Iro n M t___
N orfolk & Western..........
Peoria Dec. & E v a n sv...
Rio Grande Southern___
St. Louis Southwestern.
Tol. Ann A. & N. M ich ...
Toledo & Ohio Central..
Tol. St. L. & Kan. City..
Wheeling & Lake E r ie ...
Total (31 roads)_____
Net increase <4-91 p.o.)..

1895.

1894,

$
168,021
42,778
9 i ,L'79
588,OOd
232,064
88,400
955,911
18,465
41,623
200,100
2,355
'3 7 ,3 5 '
403,30 5
141,211
46,176
13,486
217.064
49,610
690,00c
16,000
190,996
21,353
22.213
11,738
156.800
503,298
26,61 i
49,65
5 5,<>10
366,484
34,746

*
173,819
38,469
84,029
532.000
223.405
78.100
854,520
14,354
39,139
188,001)
2,927
34,01/
400,472
155,239
32,363
10,05*
176.979
55.83r>
633.000
18.000
221,776
21,030
21,155
11,05 154 600
490,48 7
27,537
60,499
47,269
331,514
42,17.-

5,487,809

5,230,876

Increase
$
4,309
7,956
6,006
8,659
10,300
101,391
4,111
2,484
12,10
3.335
2,83b
13,813
3,42
40,68
52,000

Deere se.
$
5,798
............

572
14,028
............
6,275
30.780

3 3
67*
2,200
17,811
7,741
34,971
336,522
256,933

942

9^5
10,840
7,429
79,589

For the third week of September our final statement covers
82 roads, and shows 3'44 per cent gain in the aggregate.
3d week o f September.

1895.

1894.

Increase.
$
267,928
16,895

Rio Grande Southern—
St. Joseuh & Gd. Island.
8t. Louis Alt. & T, Haute.
Sherman Shreve. & S o ...
Toledo Peoria & West’n..
West. N. Y. & Pennsylv

$
$
5,677,125 5,502,178
567,834
584,729
128,539
121,391
53,81*
62,418
12,573
11,579
88,512
120,932
55,566
53,389
86,51o
90.6U3
20,909
20,827
40,790
33,837
13,417
14,09193,251
287,565
25,766
26,219
23,56 i
25,181
23,977
24,32
36,4 In
38,156
9,352
9,721
86,336
75,168
21,153
17,260
10,058
13,486
8,- 8 i
7,958
28,2 >9
22,107
545,41 i
532,060
21,593
23,755
9,954
8,5 5>1
17,521
17,291
26,950
28.540
5,497
6,313
20,23 u
22,966
77,000
62,000

Total (82 r o a is )______
Net Increase (3-44 p. o-t.

8,035,197
............

391,490
269.19 g

P rev’ly reported (53 r’ ds)
Atlantic & Pacific........
Burl. Ced. Ran. & North.
Chioago & Grand Trunk.
Chicago Great Western..
Ohio. Peoria & St. Louis.
Chic. & West M ich igan...
Cleve. Canton & South’ n
Clev. Cin. Chic. & St. L ..
Col. Sandusky & H ock’g.
Det. Gr. Hav. & M ilw—
Detroit Lans’g & N orth’n
Duluth So. Shore & A tl .
Indiana Decatur <fc West.
Kan. City Ft. S. A Mem.
Kan. C. Mem. & Birin___
Kan. City Pittsb. & Gulf.
Keokuk <fe W estern..........
Memphis & Charleston..
Northern P acific..............

7,815,998
............

8,599
994
32,420
2,177
4,087
82
6,953
651
5,636

11,168
3,893
3,428

Decrease.
*
92,981
7,148

453
1,620
343
1,741
369

230
1,590
816
15,000
122,291

For the month of September 38 roads (all that have furnished
statements for the full month as yet) show aggregate results
as follows :
Month o f September.

1895.

1894.

$
$
Gross earnings (38 roads) 24,336,938 23,297,505

Increase.
$
1,039,433

l x i,

.>61 Earnings U oului, to Latest Dates.—The taole follow ing shows the net earnings of S t e a m r a ilr o a d s reported this
week. A full detailed statement, including all roads from
which m oD tii y returns can be obtained, is given once a
cnonth in the> e columns, and the latest statement of this kind
will be foui d in the Chronicle of September 21, 1895. The
next will appetr is tbf issue of O c to b e r 19, 1895.
------Gross Eartungs.----- 1895.
1894.
Roads.
$
$
At. T. & 8. F e---- b . Aug. 2,394.548 2.441.426
Jan. 1 to Aug. 3 1___18,097,4-^8 17,561,427
July 1 to Aug. 31 . . . 4,487.355 4,048,157
8t. L. & San F r .. b. Aug.
537,823
596,627
Jan. 1 to Aug. 3 1 .... 3,773,720 3,789,651
July 1 to Aug. 3 1 .... 1,011,175 1.037,070
Atlantic & P a c .. b. Aug.
28^,311
259,991
Jan. I to Aug. 3 1 ___ 2,462,292 2,038,909
July 1 to Aug. 31___
586,522
465,770
Aggregate to ta l.b . Aug. 3,220,' 87 3,298.044
.Jan. 1 to Aug. 3 1 ....2 4 ,3 3 3 ,5 0 0 23,339,985
July 1 to Aug. 3 1 .... 6,085,052 5,550,997
Bufl.Roch.& Pitta, b. Aug.
275,015
296,175
Jan. 1 to Aug. 3 1 ,... 1,982,851 1,650,214
July 1 to Aug. 3 1 ....
566,734
567,326
Canadian P acific.a..A u g. 1,675,363 1,655,552
Jan. 1 to Aug. 3 1 ....10,775,141 11,310,930
Ohesap. & O h io..a ..A u g .
866,747
935,388
Jan. 1 to Aug. 3 1 .... 6,240,645 5,870,329
July 1 to Aug. 3 1 .... 1,646,788 1,744,840
Chic. Bur. & North, b Aug. 157,951
174,297
Jan. 1 to Aug. 3 1 .... 1,085,901 1,075,861
Chic. Burl. & Quin.b. Aug. 3,074,196 2,934,144
Jan. 1 to Aug. 3 1 ....1 9 ,4 6 6 ,8 9 6 20,550,878
Chicago & East Ills.. Aug.
375,612
339,668
July 1 to Aug. 3 L -...
652,244
59 3,706
Oiev.Oin. C.&St. L .a. Aug. 1,292,294 1.216,077
Jan. 1 to Aug. 3 1 .... 9,048,637 8,054,959
July 1 to Aug. 3 1 ___ 2,454,428 2,137,640
178,425
Peoria & E a st'n .a . Aug.
171,784
Jan. 1 to Aug. 3 1 ___ 1,280,417 1,012,564
341,415
July 1 to Aug. 3 1 ___
299,237
Clev. Lor. & W heel.. July
159,272
128,512
Jan. 1 to July 3 1 ___
737,486
584,680
669,570
Den. & R. G rande.b Aug.
644.809
Jan. 1 to Aug. 31___ 4,521,461 4,136,240
July 1 to Aug. 31 . . . 1,312,153 1,083,669
Grand Rap. & Iud...A u g.
257,299
239,115
Jan. 1 to Aug. 3 1 ___ 1,767,731 1,601,866
433,700
Kan. C. Ft. S. & M.a. Aug.
402,318
Jan. 1 to Aug. 3 1 ___ 2,896,043 3,099,437
July 1 to Aug. 3 1 ___
767,903
745,236
82,705
Kan.C. Mem. & B .a . Aug.
81,838
Jan. 1 to Aug. 3 1 ....
639,217
654,176
July 1 to Aug. 3 1 ___
160,552
154,899
Louisv. & N ash v.b.A u g. 1,727,160 1,692,667
Jan. 1 to Aug. 3 1 .... 1 2,499,219 12,339;983
July 1 to Aug. 3 1 .... 3,410,102 3,121,570
Mexican C entral___Aug.
770,115
651,567
Jan. 1 to Aug. 3 1 ___ 6,108,755 5,581,329
Mex. International..Aug.
157,100
212,902
Jan. 1 to Aug. 31___ 1,70 4,959 1,439,252
150,999
190,406
N. Y. Sus. & W est.b . Aug.
Jan. 1 to Aug. 3 1 ___ 1,458,476 1,206,846
294,531
Oregon Imp. C o .a ...A u g .
351,218
Jan. I to Aug. 3 1 ___ 2,139,428 2,537,402
Deo. 1 to Aug. 3 1 ----- 2,416,624 2,818,379
347,455
Pacific M ail...............Aug.
318,170
Jan. 1 to Aug. 3 1 ---- 2,954,558 2,564,461
May 1 to Aug. 3 1 ___ 1,484,872 1,325,113
227,990
Rio Grande West. b . Aug.
193,628
Jan. 1 to Aug. 3 1 .... 1,481,062 1,306,036
July 1 to Aug. 3 1 ___
436,663
341,677
8t.Paul& D u lu th .b.A u g.
146,745
154,518
Jan. 1 to Aug. 3 1 ....
897,440
899,603
July 1 to Aug. 3 1 ....
270,357
291,398
Southern R ailw ay. a Aug. 1,539,578 1,492,075
Jan. 1 to Aug. 3 1 .... 11,394,167 11,243,204
July 1 to Aug. 3 1 .... 3,025,515 2,915,118

Net Earnings.1895.
1894.
$
$
423,399
525,715
3,102,923 2,7 82,4 03
639,937
027,721
232,373
284.629
1,422,489 1.347.722
400.555
464,073
6,320
44,110
2 1 7 ,«15
141,787
21,379
84,554
662,092
854,454
4.743,027 4,271,911
l,O ol,8 71 1,076,327
94,884
92,357
425,831
529,790
188,993
198,087
575,256
647,377
3,744,228 3,335,754
282,862
331,807
1,975,548 1,942,991
631,111
545,018
45,582
68,469
162,995
243.630
1,301,284 1,33L,928
6,739,479 7,487,521
154.385
149,079
281,981
240,317
365,935
327,596
2,2 0,477 1,942,349
606,143
432,315
46,909
51,081
330.561
122,700
88,283
80,917
55,702
47,716
136,956
216,925
297,351
287,110
1,904.038 1,574,915
581.555
43 2,94 4
69,811
67,073
394,802
386,147
127.921
136,635
880,720
917,767
235,314
230,451
6,667
5,867
72,366
56,654
1 3 ,8 '5
10,458
633,100
578.502
4,060,100 4,402,439
1,168,516 1,166,464
179,034
293,448
2,490,677 1,774,179
50,729
8 1 ,1 .7
606,573
678,330
30,590
79,690
526.561
403,158
73,691
60,656
469,892
246,384
491,435
268,277
46,204
28,318
408,181
537,*34
279,968
258,043
52,760
90,745
368,583
517,900
97.472
169,863
47,114
60,181
260,854
210,545
77,603
105,157
424,441
462,714
2,767,576 2.416.723
682,400
815.503

a Net earnings here given are a fter deducting taxes,
b Net earnings here given are before deducting tax es.

6,152
13,351
2,162
1,403

2,736

[v o l .

Per Cent..

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or defic t.
above or below those charges.
^•Inter’t, rentals, efie,-. •—Bat. o f Net Earns 1895.
1894.
1895.
1894.
Roads.
$
*
$
815,000
Ohio. Burl. & Quinoy Aug.
797,248
4=6,284
534,680
Jan. 1 to Aug. 3 1 ___ 6,520,000 6,377,982
219,479 1,109,539
116,024
Chic. & East Illinois.Aug..
114,133
*42,390
'4 0 ,6 8 6
July 1 to Aug. 3 1 ___
231,435
228,600
*72,499
*37,554
233,824
Clev. Cin. Ch. & St. L.. A ug.
233,858
132,111
93,738
468,902
July 1 to Aug. 3 1 ___
466,325
137,241 def.34,010
Peoria & E astern.. Aug.
36,802
36,802
10,107
14,279
July 1 to Aug. 31 .. .
73,603
73,603
14,680
7,314
Denver & Rio Gr’de Aug.
204,705
203,127
82,405
94,224
384,052
July 1 to Aug. 31___
407,066
197,503
25,878
110,956
Kan. C. Ft. S. & M _..Aug.
109,803
25,679
18,118
220,860
218,074
July 1 to Aug. 3 1 ---14,454
12,377
13,866
Kan. 0. Mem. & Bir..Aug.
11,229 def.7,999 def. 4.562
27,737
July 1 to Aug. 3 1 ----22,458 def. 17,279 d ef.8,653
* A fter allowing for other incom e received.

STREET RAILWAYS AND TRACTION COMPANIES.
4*46
The following table shows the gross earnings for the latest
It will be seen there is a gain on the roads reporting in the
period of all s t r e e t railways from which we are able to obtain
amount of $1,039,433, or 4 46 per cent.

OcrOBEn 5, 1S95.J

THE (TIROXIOLE,

w e e k ly o r m o n t h ly r e tu rn s.

T n e a r r a n g e m e n t o f th e ta b le is

ANNUAL

th e sa m e as th a t f o r th e s te a m r o a d s —th at is, th e first tw o
c o lu m n s o f

fig u re s g iv e th e g r o s s e a r n in g s f o r

the latest

w e e k o r m o n th , a n d th e la st t w o c o lu m n s th e e a r n in g s fo r
t h e c a le n d a r y e a r fr o m J a n u a r y 1 to a n d in c lu d in g su ch
latest w e e k o r m o n th .
STREET

R A IL W A Y !

G ross
E v K J tliiO S .

A ID

TRACTION

COMPANIES.

Latest Gross Earnings.
IWcekarMoi 1395.

cm.1 to Latest Date.

1*91.

1695.

1894,

60 7
REPORTS.

Louisville & Nashville Railroad,
('Report for the year ending Jane 30, 1395,)
T h e a n n u a l r e p o r t o f thy B o a r d o f D ir e c t o r s (M r. A u g u s t
B -lm o n t . C h a irm a n , a n d M r. M . H . S m ith . P r e s id e n t) w ill b e
fo u n t in fu ll on s u b s e q u e n t p a g es o f th e C h r o n i c l e with, m a n y
v a lu a b le tai-les.
T h e sta tistics f o r fo u r y e a r s h a v e b e e n fu lly c o m p ile d f o r
th e C h r o n i c l e as b e lo w .
R O A D AN D O PE RATION S.

$
45/287
2,155
13^72
8,625)
31,2o2
62,54s

Balttujore T raetiu o... 12daysSep
Bath St Hy (.V Y ) .. a u g u s t....
Btngbamtuu St. Ry . August ...
Bridgeport Tracti>*n. ithwkSep.
Brockton t on St- R . A ugust---B r 'k ljt Quern- Jt Sub J u n e .........
Brooklyn Traction—
Atlantic Avt-........ August ... 82.08b
Brooklyn B A W. E. A u g u st.... 29.266
T o t* !-----------August----- 117/288
Buflulo B y ...................August ... 158.77b
Chester T raction.. ..J u l y .......... 24,89!
Clue. » So Side K T. J u ly .......... 54,131
Cm. Newport a t'o v .. J u ly .......... 58,88c
1.952
City Elec. (R om e/**.) A u g u st....
Cltiiei.*', I diuuup'hi- A p ril......... 74,202
CltUeo*' Tr .*.-..Pltt-t* J u ly .......... 53,:.91
Cleveland E le ctric... J u n e ........ 135,063
*5,027
Columbus KK. iUa.1. J u n e ........
Columbus at. R\ <u.) ithw kSep. 13,072
47,319
Coney W » t d A B'iyn. August —
Consol True. (S . J > Soptemb’ r. 243,53*
D enver Coo. traiuw. August— i 68,029
Duluth St. Ky.
.
A ugu st.... 19,34a
Eb ctrie Trae . Philo A ugust— i241,399
Kite Elee. Motor C o .. August---- 18,94*
24,133
Galvestoa City R y., August—
H estouvllle At. A V —
A rch stre e t............ Septem b’ r. 35.481
Bare Street............ sep tem b'r.1 8,138
Total. ...................septem b'r.
43,899
H o o d ck R y ................ August —
1,286
Interstate Con-ol of
13.532
S ortb A ttle b o ro ,.. A ugust—
Lehigh Traction........ August----- 12,554
lawk Haven Traction A u g u st....
2,377
9,115
Lorain at. R y............ August.
2 8 ,8 3 8 ;
1th wk Aug
L ouis' I:!e R y .........
‘
___________________
Lowell l.a « A ilav..tA agM st....' 32.375
Lynn A B oston......... l i b wkSep. 39,801
August
U 4.15,.
N ettop .; K.o sasC
7,41*'
Melt op - Wash,, l>, - . *2day*»ep
4,565
M ontgomery be Ky A u g u st.. .
Mbtitreat Street 11) . A llgU S t... IW.V31N a sb tllla S t.lt- . . . . M a y .. . . . . . 27,867

New EngiMd a t —

S

36,1-17
2,06
13352
4,“ 35
22 ,5J.
53,561

i

ij'.o T i
81.52.
7 s, 144
228,2481
9 2 .'8 8
177,094) 142,0 1
263,095 i 256,664

92.89’. 544.32'
641.332
21,366: 109,088
95,100
111,521
650,35.
743,6-1
140.011 1,105.839 1,006.075
56,337
47,91.
64.209
-19,075
148,812;
ii',6 9 0
39,222
201,8s5
67,29.
19.880
154,25*8
17,916
18,963

431,92*"
342,626

407.070
267,673

264,393

235,910

1894-95.
2,956

189394.
1592-93.
1391-92
Av. miles oper.
2,956
2,943
2,358
Equipment—
Locom otives ..
54=0
563
543
526
Passenger cars.
435
450
4^0
417
Fr’ ut, *&o., cars.
19,669
20,133
10.026
17,810
GptraJ to ■s—
Pans, carried...
5,095.574
5,152,410
6,217,777
6.126,650*
P a c c a r 1 io .. 185^6.9,064 192,098,210 211,671,216 207,412,239
K a l e per pass.
perroUe........
2-35 cts.
2-40 ets.
2*42 cts.
2*44 cts.
F r W t o n a le ir .
lu,63u,749
9,433,693 12,144,580
10,968,280
Freight (ions)
ear. one mile. 1528,712,676 1338,679,019 1595,174,080 1510,117,291
Rate per ton
per m ile .......
0*846 cts.
0*889 eta.
0*932 ots.
0*932 cts.
E A R N IN G S A N D E X P E N S E S .

691.107 657,577
*19.795
46-,52 9 416,729
271.*01
223.405
1,569.633 1,566,420
474,92- 487,774
137,88.
132,296
99,39!*'
-147.0U2;

18,547
2.6561
21,203
..........

............
............
364,387
8,0 j 1

............ ;

78,77 4

129,961

229,103

51,24*1
23,637 S07.9741 770,,579
35,6741 285.1 0 184,,100
31.1511,083,7!)
980,,V27
"i.tVft
3,550
90,202
27,223

1894*95.
Earnings fro m —
$
F l i g h t ............
13,537,099
P asseagers. . . .
4,370,154
M a ils ...............
630.139
Express ..........
40ES71
M iscellaneous.
319,727
Tot. gross, enrhs 19,275,994
O per.»xpense#
5,96 ^,2 32
Truusport uion
2 .0 89,811
Main of«*q<ilo2.117,-09
Mai » of WA_Y,«fcO
2.121,905
General....... .
Op.ex.,ex<^.tax
Net ear nl a a s...
Per ce n to f exp.
to e a r n s ......

19,897

WiBche»t*r A Ve .. Align*! ... 33.525 27,612! 101,3 9 141,101
4,6191
20,802
4,820
Ptym 'th A Ktn,*to;. A ugust---21,248
4,0.14
5,190
T o t a l................... M * l s i *
New I l.v e o St. Ry .. August
23.983 16,494
78*,2*18
113,317 79,181 374,760 j 609.964
New Otlcttb* fra ctio n ; August
1*1,61*
8.937
Newton st. R y . . . . . . . -June ..
60,090- 39,314; 815.021 030,232
N. Y. A llu f.e u i.. . . . . J u ly .,,
Nnrtuamplou st. Ry.
6.321
Ofass.1............... . . . . Aug tut___ 10/Jlft
Paterson R y ............ . AU.iCHAt . . . 2IM>67 23.672 1X2.183 159,047
1,53 J,5sk *85.8,7
iSfptcm
Fr.
1
^
.1
0
3
137,331
People's Trae. t f'hlla.
P i.'k .e p -i- A Wapp If Aug tu t___ 10,40- ............
01,153
20,13^
16.041
142,536 124,342
Rear!lug Traction—
August .,.
4,023
3,03*
4 0 p « t . . . . 43 .»>•,! 72,441 571,754 492,890
May
¥t:m .
Httvanooli
IM*W
2d » 't Sept
2,39}
!.-2 5
4.HI4
5 ,5 1->
J u ly ..........
Ber»t*ton TineUon . .. A ugu st.... 28,1*59 23.31*2 188.025 11)4.199
___ 4 1,5 m 2O,60C
{jteeoml AVfc. tPittab
Syracuse C o o fto i.,.. A ugust___ 1J.H1 1 14,7uO
8jrrapii*h
HK....... . A u g u st.. .. 25,0 U 16,300 165,407 104,229
34«3S8
7 ,5 7 1
Ti»«iiit**n St, K y ..... . .June . . . . . .
43,556
T#fre Hmtite Ki'c. Ky June . . . . . . i £ ,m : 10.975
TMr4 A ve. (X. V .),.., AU(IMt___ i ».>,«*«. 207,000 1,702,405 1,353,831
Toronto St, B y .. . . . . . A iisrn.t,. .. 92,533 87,7-14 637,790 619,144
A u g u s t ... 178,511 181,052 1,2 -0.1 3- 1,306.190
J u ly .......... 21,930 21,706
110,751
97,108
A ugust.... U ,t3i3
88,024
. . . . .. .
Jun** . . . . .
1.575
2.147
.......
37,4 Oh
7,5 *7. 5,43u
24,018
WakvilelO A M o n e .. . . A o ^ a it___
95,HOl
23.481 18,054 157,377
Wttet nary Tract ion .. Aagant—
August...... 783.000 JO J.OOD 5,Oh 1,000 4,1-1,000
W t il Klitl- .
........
2,743.
3.723
Wcrnt fthor® (Coon.)*,. August---WUk**t> A W v. Vall*J J u n e . . . . . . 3^,614) 33,537
108,234 167,851
,
3.i*S3
J u ly ..........
3.811
A ugust___ 41,6551 33.042 280,872 236,815
* B o n d In p ro c«* * o f recou stn in U oa .

Street Hallway Not Earnlugs.—T h e f o l l o w i n g table g iv is
the r e tu rn s o t STREET r a ilw a y g r o s s m m ! n e t e a r n in g s r e ce iv e d
this w e e k . In r e p o r t in g th- *o n e t e a r n in g s f o r th e street r a il­
w a y s , w e a d o p t th e s a m e p la n as th a t f o r th e *t -am to a d s—

13,974,337

1891-92.
$
11,601,260
5.1 3",017
507,136
455,3 37
53 1,63L

22,403,639

21,235,722

6,077,215 >
1,933,946 £ 10,163,578
2,0 44,412
2,570,412
1,805,211
1,618.573

9,876,670
2,404.712
1,510 731

11,861,765
7,110,552
62*53

63*69

1892-93.
$
15.450,163
5.213,533
584,126
457.764
698,05 i

14.382,641
8,020,996
64*20

13,792,122
7.141.600
04*35

INCO M E ACC OU N T

1393-94.
$
7.110,552
272,288

1892-93.

7,382,810

8,437,105

7,976,893

000,359
6,065,277
24,781
139,930

579.338
4 /i 1 ,2.38
70.978
127,012
12,112,**00
325,737

513,185
4,800,878
124,695
128,001
*2,376,000

Total disbars.
0,080,909
5,810.850
8,020.553
B ilu n ce ........ . Htir, 700,685 *r. 1,552,490 eur. 410,552

8,002,759
def. 2 5 ,8 6 0

1894-95.

Receipts—
Net earn Ultra,..

32,177;

12,277.773
6,998,221

1893-91.
$
12.90 ,114
4.6 0 '.9 6 1
630,031
415.748
435,583

Inc. from inva..

6,996,221
36J.27J

7,361,194
To at Ine...
Disbursements 509,S26
Taxes ...............
5,013.768
I til, and rentals.
108.261
Gtionr. HR. loss
90,025
Oth. road*, loss.
D lvM eoils — . . .
lliinlio Go. suit,
175,000
n. rd. pay't (net)
697,609
A<1vs,to S.tlfN -A.
M iscellaneous..
0,837

8,020,996
416,10 i

1991-92
$
7.443.600

533,298

* 4*, p ercen t eaah.
t 1 par cent ou»h.
OKSEOAL HALANCE JOXK 30, 1895.
1895.
1804,
1893.
1892.
A$*r,ls—
8
4*
8
8
102,933,106
Road, eqnlpm 't, * o . 106,311,038 106.32,3,191 101,828,10!
757,439
Tlm oer.o <ur l'da.Aa
912,430
876,163
803.-159
1,226,6 ’ 4
Stacks ow ned..........
1,621,412
1/213,012
1,252,0)7
3,561,931
3,478,021
4,531.009
Bonds ow n e d -..-—
4,508,251
18,889,2
(0
16,107,229
St'k* A b’ dslatni*'.* 21,837.166 21,S 37,H 6
3,156,330
Bills Aacefc*. reoetv, 2 ,-472/143 2,19 1,5 10 4,611,974
1,396,110
1,478,299
1,233,897
1,441,116
MatarlAts. fuel A c
710,807
317,773
598,220
390,643
Oi*»Uou h-iti-l.
■23
1,830
50 >,560
097,669
So. St No. A. i.eot ...
931,572
928,041
1,90 1.000
Nn-h,AI>. advanoos 1,017,936
913,380
1,073.191290,922
313,931
Other r’d*,advances
7 *3,219
721,829
611,081
896,918
Siuking fund, A i . . .
2 , 200,000
Unlisted cat*, stock. 2,200,000
293,178
320,585
Uiifauitcdilisccacct.
Total assets....... 141,2-18,173 114,146,741 130,631,239 133,471,138
E ictbii i ties—
s t ic k . . ................. 55,000 ,0)0 55,000,000 52,800,000 52,900 ,00)
Bonded debt*.......... 81,158.000 64,131.060 77,330,600 7.5,397,600
Bills and cunt's pay.
825,o o o
2,133,215
174,990
174,996
Interest......................
901,199
891,110
859,303
837,203
D ividen d s.................
4 * ,0 o l
1 8 ,1 9 ’
1,102.157
1,098,180
in d l'ld u a ls A R R s ..
499,658
418.531
1^.3,453
531.543
V
..ay-roll-*. A c ..
1,138,038
1,171,424
2,004,642
l,o I2 ,7 9 8
Incom e a c c o u n t ............................
............
1‘2i9*<!,1,I
Mttspensc a c c o u n t...
........
.......
776,967
410,256
Def* en'l o f equip. AO.
638,317
319J589
.......
Profit and l o s s . .......
716.218
............ ........... 5 9 .2 1 7
7 1 ,8 0 3

Total liabilities. 114,218,173 111,140.741 130,631,239 133,171,138
that is. we print each week all the returns r e ce iv e d t in t
week, b u t o n c e a m o n t h (o n th e third o r t h e fo u r t h Sr.iur* The bonds deposited In trust have been deducted here.
t Less bonds pledged, and less bonds atul stocks of those roads whose
day) we b r in g t o g e t h e r all th e ro a d s fu r n is h in g re tu rn s. T h e cost
has been added to “ cost o f road.” —V. 01, p. 281.
la te st

fu ll s ta te m e n t w ill

he fo u n d

in th e

C hronicle o f

|||

S e p te m b e r 21. T h e n e x t w ill a p p e a r in th e issu e o f O cto b er 19,
O ron Earning*.——* .------Met Earning*.— —
1894
1894.
1895.
1895.
4
s
S
f
Kaerit.
40.993
49,202
91,837
105,617
Louisville Railway. Adg.
355,270
370,094
770,579
807,074
3DP3 Jan, 1 to Aug1. 31 ..w
77,587
101,428
177,193
Lynn A Boston ------ A tig.
319,371
411,“ 73
9 5 3 .120
Jab. 1 tu Ante. 8 1 . . . .
426,688
61)2,309
Oct. 1 U> Allg 3 1 .... 1,239,660
6,632
13,643
Union Ry.(3&Kiaaw).A(tg.
41,022
88,024
J * » , 1 to An*. 31 —
16,025
22,908
33,042
41,655
W o r t e s te r Con St Ry, Ang.
77,729
102,292
240,316
280,872
IbM. Jnn. 1 id Aug. 31.....

Minneapolis k St. Louis Railroad.
( R e p o r t f o r th e y e a r e n d in g J a m SO, 1S 95.)
T h e r e p o r t c o n ta in s th e fo llo w in g r e m a rk s b y P re s id e n t
W illia m L B u ll.
G e n e r a l R e s u lts .— T h is c o m p a n y c o m m e n c e d its o p e ra tio n s
on th e t e rm in a tio n o f th e r e ce iv e r s h ip N o v . 1, 189-1, b u t in
o r d e r to fu rn is h a basis fo r c o m p a r is o n w ith p re v io u s
y e a rs, a sta te m e n t is g iv e n fo r th e la st fo u r m o n t h s o f
the r e ce iv e r s h ip , fr o m J u n e 30, 1894, to N ov . 1, 1891. Ib
s h o u ld b e n o te d , h o w e v e r , th a t a g a in st th is p e rio d a re
c h a r g e d ite m s a g g r e g a tin g $57,158, w h ic h h i d a c c u m u la t e d

THE CHRONICLE.

608

VOL. LX.I.

during a long period of years, and which wore brought to grois and net result! fur the late fisctl year h ive largely ex­
notice in the settlement of the receiver’ s accounts, and that ceeded those of any previous fiscal year in the history of ihe
in this way the ratio of operating expenses became abnor­ property.
mally large. This sum of -$57,158. if added to the nominal
As compared with the preceding fiscal y ar, th“ ianr«asn in
net rarnings of ihe road’s operations for the past twelve gross earnings is 13 04 per cent a id in uet earnings 67'25 p r
months, would increase our net to $834,368 for theyeir ending cent. After providing for all charges there wis a su ulus of
June 3t), 1895, In spite, however, of Onis fact the nominal $306,189, while f t the ftscil year ended Ju e 31, 1894, there
net earnings for the entire year c >vered nv this report sho v a was a deficit of $197,768. Of the surplus income for the year
handsome increase over those of the previous one, and th ' di­ just ended theie has been applied toward ihe reduction of
rectors feel that the sto kholders have reason to congratulate i quipm-nr, trust obligations $139,139 for net additions to roll­
themselves on this result.
ing Mock $15,353. and the balance bas been u iliz -d mainlv in
Financial Condition.—The company is without any floati tg reducing the floating debt, as shown June 3i 1891, a Urge
debt whatever, and has in its treasury $276,363 in cash, as portion of which was caused by the deficit of $197,763 for the
well as $382,0(10 consolidated mortgage 5 per cent bonds ; fiscal year eaded Juae 30, 1894.
$109,237 first preferred slock ; $57,250 second preferred stock,
Tuere has been expended for betterments and charg d to
and $379,600 common stock ; also $95,000 5 per cent bondt of operating expenses during the fiscal vear ended June 30, i895,
the Minnesota Transfer Company and one-etghth of its cap
he sum of $'97,086, an increase over th» amount of expendi­
ital st< ck. The company has obtained judgment whereby tures of a similar uature during the year en led June 30. 1894,
the sum of about $75,000, secured by real estate at Kenwood, of $83,539 an t dating the year end-d June 39 1893, of $ 4,421.
Floating Debt.—First mortgage certificates for 8173 302
will oe real'zed by the company.
Terminals.- The company has acquired additional real es­ were s Jd during the year for $120,444. Of this sum, $94,500,
tate abutting on u s present terminals in Minneapolis anil paid together with $121 697 from the year's surplus, was appli-d to
for the same out of treasury funds. Our terminal properties reduction of the fl -ating dent. The t >tal fl rating deht Juue
at Minneapolis are very val table and our facilities for hand­ 39, I8a5, including interest and tax-s accrued, &c., was $1,ling the bu-iuess of the company at that point for many years 068 633, contrasting with $1,290 434 June 30. 1894; current
a sets, including su >plie-q aggregated $-532,5)4; making the
to come are unsurpassed.
The company has entered into contracts with the St. Paul net fl ta ing debt $-536, K8, against which are securities of an
& Dulu'h RR. Co. and with the receivers of the Northern Pa­ estmuti-d market value of $328,747. The report says;
cific RR. Co. for the use of terminals. The St. Paul & Du
After taking into consideration outstanding no es not due,
luth RR. Co. will use our freight terminals, thus giving us an taxes and interest accrued but not due, and the market value
additional income, resides reducing cost of maiuraioingthem. of investments in stucks and bonds, it will be seen from the
The contract with the N irthern Pacific Company and its re­ f-dlowing summary that the company has practically no
ceivers gives this company an entrance into St. Paul on terms fl iati"g d b t .”
of a very material re iuc ion from the old contract in force at
The amount due the estate of Jay Gould has been reduced
the termina'ion-o'' the late receivership.
from $27o,000 to $ 175,500 The securities in the treasury in­
Physical Condition.—The policy of improving the condition clude $325,000 first m rrtgage certificates, &c.
of the properly generally has been steadily and conservatively
Traffic.—Lumber still continues to form nearly one-half of
carried out. The Chief E igiorer reports that the bridges, the ei.t'ie tm nage handled by this company. For the year
buildings and track of the road are in good order, and t >at ended Ju te 30, 1895, compared with the precedi g year, the
the property is in a high state of efficiency. Tne mo ive power tonnage of this Commonity shows an increase of 34,450 tons,
is in exc-llent cond tion and upoears to be sufficient for the or 5' 19 per cent. Thec-ition movement was the largest iu the
demands of our business. Five thousand tons of steel rails hts'ory of the road. The total number of bales haul d was
were purchased last spang, at $23 per ton, before the advance 628,015, an increase comoared with the previous year of 227,in the price of rails took place.
535 bales, the revenue therefrom oeing $1,019 333,agains' $744,Prospects.—The p o-pecis tor the current year are such as 434 in 1893 94. The increase in frr ight train mileage is only
to justify the belief that the business of the road will show a 4 32 per cent, as against an increase of 10 63 per cent in the
sub-ian ial mere t-e in net earnings.
total tonnage transported and an increase of 16'4l per cent in
Statistics.—The c o m p a r a t iv e fig u re s f o r fo u r y e a r s have freight earnings.
b e e n c o m p ile d f o r th e C h h o n ic l e as f o l l o w s :
Maintenance and Equipment —The management having
adople t as i s stanoaiU steel rail weighing 75 pounds to the
EAB N IN O S AN D E X P E N SE S.
1891-92. yard, 1,000 tons of such rail (-uffieient to lav about eight track
1893-94.
1892-93.
1894-95.
tnitrs) were purchased during the month of Juue, 1895. Be­
Earnings fro m *
$
$
$
40 ',229 fore the close of the fiscal year 41 mths of this rail wt re laid
410,995
Passengers......................... 333,5 20
355.188
Fr iglrt .............................. 1,3 8,784 1, 43,5 <8 l,449,OW9 1,4 3,6 '3 and Ihe remainder has neeo laid since the cl-n-e o the fis al
109,121
106,09 4
11.0,144
114,415
Mail, expreB3, &o..............
year. A contract has been It t for 1,000 tons mo e of 75-pound
1,97
»
499
1.9
3s*. 33 r.-il lor renewal purposes. As to equiumeut the report says:
1.823,998
1,708,870
T o W ..........................
1,052,459

1.267,6 5

731,718
656,411
It>COMB ACCOUNT.
1893-94.
1894-95.
Receipts—
$
$
Net eai Diners...................... . 733.718
656,411
106,482
157,202
Otlier incum e....................

706,814

793,433

1892-93.
*
706,814
13 *‘ ,801

1891-92.
$
798,433
127,202

845,175

925,635

62,554
63,657
896,070 1,185,929

61,797
3 >,525

Operating exp ’s & taxes. 1,0 32,i80
Net earnings...............

838,200
Total ...........................
Deduct—
60.205
Rental^— ....... .......
-- .
Interest paid duriug year 396,8 26

813,613

l,L*6.6t> >

9 7 .3 .2
T otal......... ................... . 457,031
959,727 1,248,183
B al.overint.& ren tspaid*sr.38L ,l69 df.146,114 d.f.403,008 sr.828,3L3
* Additional expenditures for construction, equipment, etc., w ere as
follow s: In 1891-92, $255,278; in 1892-33, $126,828; in 1893-94.
$20,778.
BALANCE SHEET JUNE 30. 1895.
Road and equipm ent..$21,776,926 Stock. (See Isv . 8 upp $12,500,000
1m estm ents.................
h %0'38
Ronds. (See I nv. - i pp . 10,i00.oi 0
5.170
R. ts. H arishorne, T r..
185,469 Advances to agents..
43,349
Jus. G saell, As-t. Tr
9u,a91 A pproved vo iche'S .
86 ,-9 6
A c e d iu t . on bonds..
RR. companies and
various persons........
54,268 Accrued taxes______
3o,698
65,99 t
Agents, and coud’ t’rs.
4 i,2 7 l P ay-rolls......................
TJ.S F. O. Dept.. . . . . .
16,643 Transit accou n t.........
4,219
1 - 9 1 t a x e s ...........................
4 7 ,0 7 7
Incom e acoonnt.........
26,538
Past cue in te r e s t.......
74,8 -9
1st con. bonds in truss.
28k.■OP
MaterialamihUpplies..
84,290
M iscellaneous..............
17,158
T ota l....... ................... $22,767,861

T otal........................ ..$22,767,861

—y . 61, p. 69.
St. Louis Southyvestern Railway.
( Report fo r the year ending June 30, 1895. J
President S. W. Foruyce, in the annual report, speaks in
substance as follows:
Financial Results.—During the greater'portion of July,
1894, the prevalence of the American Railway Union strike
on connecting lines caused a general stoppage of through
traffic and a consequent decrease in local traffic. Thegieat
financial and industrial depression, now it is hoped becom­
ing a matter of history, continued during the early por­
tion of the fiscal year ended June 30, 189-5. Ihe rate war to
Southyvestern Territory points existed during the entire
month of June, 1895, but is now terminated and satisfactorily
adjusted. Notwithstanding these adverse conditions, the

Air brakes have beet) aoplied to 13 loco uotlves a-'(t l i t f lig h t ears
and atitorn tie. counters to 132 freight cars In view of the ste -rlv Im­
provement iu the roadbed, the use of b-avier locom otive equipm ent is
considered more feasiole now than ia tils past. T oe s ivi g io operati g expenses th t w ould accrue from t u e u a io f lieuv er modern Inoom oti'es would pay fo r Th ir tirst cost in two years. The necessity
o f cq -ip p in g ihe cu n pan y 's looo no tves and c a '8 with air
tir-ilics and autom atic couplers is very urgent
The work of
equipping locom otives is almost com pleted, out com paratively few
treight cars are so equipped. On Juue 31. 8 9 5 .th e v e w r t'e s io C 'uuitives amt 4 ,t o ' freight cars requiring atr brakes amt 4,118 fre gilt
cars r quire g autom atic co o p e r s . It is estirn ite-1 that in old er io
lnus equip this roiling stock it will rt-q tire a monthly expenditure in
the neighbor hood uf $ l 2 (ou tlfor the suco-ediug thirty mouths.

Toe toilowing table gives various statistics relating to road,
equipment, train loads, etc., for the fiscal years endiug
J aue 30.
Hoad—
1395. 1894. I
1895. 1894
Total equipment—
Main lineand branches
..........................
1,223 1,223 I L o com ou -es (N o.)....... 137 138
ow u ed
WVt. "1 rails on above—
I Passenger oars (No.) .
95
91
75 lbs. (siee ) m tles..
4 ___ I Fr rght e -rs (No )......... 4,100 4,379
5e lbs. (-teei) m iles.,1,07L 1,075
Special st-jlisun.—35 lbs-(steei) m iles.. 143 148 Aver, truiu miie oad—
Ballast on above lines—
Freight tram (tous). 161 154
Stone, r o ie s ...............
89
80
Passengers per train
( iuder. m iles.______
40
33
(ttutnoer) . _____
27
28
G-avei, m ile s ........... 344
314 Main, of way, eto —
Sidingsnwned& lea8ed 2o7 206
A m ount p -r m ile — $882 $846
ih ictges. etc.—
New ties num ber laid
B n d .e s (feet)------------- 6,055 6,061
per tulle................... 518 481
Trestles (miles)............
49
49

General Remarks.—The yield of cotton in the section of
couutry tributary to these lines, it i9 estimated, will be re­
duced the present season by about oae-lbird. The loss in
revenue resulting, it is believed, will be largely overcome by
increases in other commodities and in the g neral improve­
ment in the business of the country.
The change to standard gauge of the Tyler Southeastern
Ry. was completed September 1, 1895. Arrangements have
been perfected bv which your company will have desirable
outli-t for its business (particularly lumber and cotton) by way
of Delta, Cape Girardeau, Jlo., and the Chicago Paducah &
Memphis and Chicago & Texas railroads to a connection with
the Wabash at Altaiuont, 111. It is believed that the opening
of this new line will add much to the value of your property.
Emigration from the Not thwest as well as from the Soutneast continues to move into the country contiguous to your
lines of railway, and tho general improvement ia the develop­
ment of the Southwest continues.

609

THE CHRONICLE.

O c t o b e r 5, 1895 ]

Statistics — O p e ra inn s, e a r n in g s , c h a r g e ? , e t c ., o f th e c .tu­ been so done as to im prove t'ie general oom liiioa o f the pro >erty. Extruoi fii'iarv c h i rues a ag regaling 8*5,863 were made to op e ritin ?
b m e n s t s t t m , c o m p ile d lo r i b e C h ONICLE. w e re a s fo llo w s :
expenses as fohow>: Ou aoo m nt of wreak ia Jaaa try, 8*3. ■*
*4 *;
O P * B t T P > N 8 AN D F ISC A L KESULTS.
wreck ia •Jct»»t> r. 1692. 64.60*-; proportion o f termiaal expenses im ­
properly charged to A r. & 3 F K C 3L4.6* ; o i l 0 ir« de$rp»v§i,
1894-95.
1893-94.
1892-93.
1891-92.
1-ss saiva e, ©3\6?2; imp oveniiiits to e q ilp m e o c to c m form 10
Miles o^er. June 30.
1,2 2}
1,223
1,223
1,222
United States laws. $-*,6 .5.
On* r •Uonts—
Construction \ceon t. —Pliere was charged to oo'iH ructloa a o cm n t
Passe ee s e m i e d ..
8 ?S ,0 9 l
S '0 .8 0 1
84L493
833,2 >3 SOs.^^O; new b r io hos aud side trajfcs. - t t '.T i l ; n -w stations and
Pas* o.*r l it 1 mile 36.74 4,040 37,040, *9 J 35,019.5 2 33,1 i l .U S warehouses and ocher ouiidiog-. $11,559; bridges, masonry and strno2* *6 ora.
K M f i 'D - s * “ Tin. 2*4 2 cts.
2*3*4 018.
2*5* cts.
tur s oyer cost o f reuewal, $ 1 4 ,0 )7 .
Freight to 8 c a r ..
1 ,4 'o ,2 >7
1,3|4..<77 _ _ l,5 0 6 tn96
1.302,580
Frr-uU.Co-.ear . - m.30d,^4).-<33 282.1 6 2 .7 ?3 329,18 >.200 27- .133, 88
Statistics — Operations, earnings and charges are shown
1*21
Cts.
1*24
CCS.
1*31 cts.
R « e i»er to 1 per iu .
1 32 « ts.
below for four years :
Earnings
$
$
$
$
O P E R A T IO N S AN D FISC AL RESU LTS.
809,305
8 9,526
85 4,''31
Pa^se s e r .................
gK M O l
3,498.159
3 ,9 -8 ,3 *0
1893-94.
1892-93.
J in g h t .
.......... 4,072,164
1894-95.
1891-92.
3,551,967
2
3
3
,5
7
7
2
3
0
,
4
5
5
248,234
2 5,706
Mail, exp. A nils©.,.
522
516
480
Mi^es operated ----430
Op ra ions—
4 .6 i5 ,l4 5
5,116,050
5,217,175
4,636,462 Pa-8, ca* rie«l. No ...
Toiat....................
4,237,087
3,4*75,69 t
4,1 ’ 6.137
3,473,225
Expenses' —
Pass c ir one mile. 4 3 .2 HI,6 4 70, M 4.9 7 8 54,14 *.777 46.29 1,057
l,4 9 2 te>56
1,320,526
1,442,068
Trni.ftiMtrttt on........
1,292.893 R a e par pa-As. -er m
1-59 ots.
i 53 ots.
1*6* ots.
L*56 cts.
9 4 f»,'0 i
1,042.3 3
9 6.3 6
Motive p o w e r ....... ..
9 18,3-8 Freieti* (rons) oarr’d 3.782,896
3.7 U .879
3.2 a 57 )
4,103.55*
3
».60I
293, *41
3 ; 6,663
2r;l,65S FVln (t.iiis)OAi*. 1 in 438,5 H . *83 420.46 1.2 19 53J.6<<.1*)5 4 7 2 .2 70,69 4
Mat it. or o .rs .........
1,0 <5. *35
1,140,8)6
4.07S.975
1,131,243 R re per ton per m.
Mall l. of way .......
0*5 > 018.
0*59 ots.
u-6 t ots.
0*61 ots.
tiia .S lg
259,425
18 s 8*1
G en era l....................
22u,U 5
$
$
*
Eam.in.gs 872,891
7? 1,075
687,2-*9
1.06 M 3 3
PaHseu*;efS..............
3,*<73.778
3,977,221
3,834.294 Fie gtit ................... 2,67 ,*2 7 k 2,66 4,73 l
4 ,;8 1 ,* i 3
T o ta l..................
3,417,50?
2,893,7*3
741,367
831.247
104,426
427,248
156, S65
812,168 Mail, express, A o ...
1 *0,718
Net earotngs............ 1,239, *54
8391
83*69
78 23
82*48
P. c. o f exp. to earns.
3,860, * L5
4,446,959
3,667,669
3.775,546
T ota l............ .
2.990. i 15
2,5 0 3 ,) 23
Oper. exp. A taxes.. 2 506.3 71 2,4*49.7 *0
• Com pany's frri :bt not included.
t l a tueopera*L-if ex p en se-a ro iucl. for betterments; in 1891-?,$129,1,456,
>4-4
1,159,49}
1,45
*,405
1,272,023
Net
e
a
r
n
in
g
2o7; iu ib9A-4, *13*2,063; iu tS*3-», $ .1 3 ,5 4 8 ; iu lo 9 4 -v $ 1 9 7 .0 a 6 .
Par o o f op. exp to
INCOM E ACCOUNT.
6 2*43
67*24
66-30
earuiugs ...............
63-33
1894-95.
1893 94.
1892-93.
1891-92.
INCOME ACCOUNT.
Receipts—
$
*
$
$
1893-94.
189 2-93.
1891-92.
1894-95.
N e t e - r l u g s ............
1 .2 3 9 .9 5 4
7 4 1 .3 6 7
8 3 4 .2 4 7
8 12 .1 6 8
8
Receipts—
8
$
$
Other in com e.. . . . . .
2 i,il9
& l,03 l
69.116
125,103
l,4-)6,-i44
Nv-t n ir u io e s ....... ..
1,15 7,493
1.45 \ *05
1,272.023
1 SII.S53
125,687
66,742
68.96 4
Other i o c o j j e ..........
T o t a l ................. 1,264,273
772,396
903,383
937,268
Deduct—
1,576,092
1,52 1,336
l,340,c)87
Total ....... ......... 1,32 *,151
Taxe<
................
11 .729
113,823
109,0 W)
107,326
D&lucl—
l* t. on l* t H. bonds
coO .o «0
80 .uoo
8 ‘O.uOO
8o«v» <0
9 1 3 ,0 15
912,783
9 2.'70l
837.340
4 >,>54
56.340
40.117
10 218 Iniere-t on boQ fls...
Other items ..........
Z i 1.071
23*4,7 >6
23 .9 )9
2 0 .6 t5
KeotuLi......................
V89.6 42
286, *14
2-* <.9-*6
26VH ?
T o ta l...................
958.0 3
9 /0 ,1 6 6
949.767
917,574 6 p c. oa pref. stjc k
B alan ce.......... ..........sor.3 0 6 ,190 def. 197,766 def.46,334 su r.l9 ,6 9 l
1.487,702
1,418,0 72
1, o l . ) 8 l
1.168.4^8
T o ta l...................
COM).*. Matt D Ba LA*0 « »HE*r (KNTXKS StoTfeM) JUS& 30.
1-94.
lo 6 5 .
1st. 3.
1892.
$
s
t*
A ttflt•*
C -wtotru •dAeqtll(>. 85,422.369 85,13.1.875 65,33^.993 05,07 i.880
21,5 i l
21.531
20,7^2
S i .v l t
i n »trac
noolft.
2 , 2;
i 7 328
2 7,3-8
27 328
K*-*i
e
26, hjO
« 3 > .l.ft
26,5*1*)
26.506
lar.ldftlu ki Vboudk
16.* 60
3 7 ,i6 5
18.- 4 2
25,5 2
A*ivaoc«<*to a f c u .x
9O,0i)2
1.50,209
12
2.
22
1
.• , ' h*2
( a-nB..........................
15 ,5 20
l*<7,3<5
157.1H
121.932
8i.ti. rv »ce co d ’ cl'le
25 k,4 43
- - .835
221,238
t*aiapiie-»
nmt*r
232,832
8l L 8o' W**jit It 5*.
500,00*
SOO.COO
b-0»sd» lr. lie+Mutf
50 V 00
3,anu
303,372
M ace i«lA -U».........
i. * id
T o t - l ..................
I,‘abdiike9Prwf. rn-U tto* k . ..
( oostUaO fttoci
...
h o a* (-#« DiifU^rj.
EqfHpOi't trust uutrs
dttr>
fa t, o o b •nj.« due
»o«l eoi »m*l. — .
BuiidfV a00‘ t« p*J l’«*.
M j- eil*n»-ou« -ce'iii
CceJu o f U o. meet..

66,652,983

66.4e.7,t>22

66,422,309

6t ,545,627

173.793
8S4.9 0
82. 00
5 3 1 ,4 0

T U l................... 66,052.9d3

66,427.622

66,422,309

66,540,627

—V.tll. p, 569.
( h ie a r o & E astern I llin o is R a ilro a d .

( Report fo r the year emiing June SO, ISOS.)
In hi» annual report President 3d. J. Carpenter nays in part:
General Remarks.—It is aunt ce*»»ry to go into details of the
wed known uuiav •ruble conditions ttiat eawted throughout
the eouotry during the period cohered oy this r*p >rt- It is a
pleasure to say that notwithstanding th* so conditions the
r> ad’s entire physical properties are ttrst-clu'w, and the earu{, g . ot the coming yeir will not hare to be diverted to repurs
of tquipment or tiack, except sneb as are incidental to that
year. We have not attemp ed to postpone nccvssiry current
♦xpeodi-urt s for the future to take care of. Tnere was no
change ouriog the year in oonded dent or capita! stock.
I l ,- d-creas- in gross earnings was 4 9s per cent an I in net
earnings I7 i9 percent; opera.ing expensis having oeen 63 6i
per cent of earnings this year, as against M SJ per cent last
y.ar. Compared with last year there was an increase in
freight esriitngs of f 313,500, equal lo 7 93 per cent and a decreafte in pissenger earning® of 1381,931, equal to 35-73 per
cent. I he low iverage rate, revenue and distance per pas­
senger is due to Chicago sunurban bu.ineas.
Four quarterly dividends of \% P**r
each, making 6 per
cent, were paid’ on the preferred stock , aggregating F3i9,»42,
mcesMUMiog the transfer from the surplus carried forward
from previous years of $188,550,
Im p rove m in is, Con if ru c tio n .—W ith regard to im prove­
m ents, Charge, to c o n s tr u e ion a ccou n t, etc., the rep >rt says:
t,»prorrmn<U -T h e was tak-o out a total of 1.9T3 lioenl fret o f
pit. ir.st f ., nhtrb w.re rrpl.iwd ht pertusneot s u n . O. o - illf-lMOt
aroti w *s b.oli u.irvb o f K ngtii vo. and J l - feot of trs.t'e ort.lgo nttetl
nr>. i hr w rk or .iihoitutltiir lr«o *f.An« f >r ol.l oombloatioii spins

over lit-* Wsh.ish

A o ic a . w » . coir plated
A brsneh " f ^-6 mites
w »» hutn tron, the K-n.i the Stdelt line to il»e Mission t"i.id coal mines.
Some dp.o ti or n.or - y , ■ i s ot s r* 1 ti *ve been put on 1tie trick
between Morn- n* v aud Dolton, and a good start made toward putting
tlia r je s lo Operttli-g ftwo»n**t.— Three hind red and two old ears
wnf.. «mt in R. r. . were .1- si.roved an-l a prn,|(,r oti*r«9 m e'e to ° [,hTEvrrjlh'iig Ins been do 0.- nece-sary m ke p too
property up to Iu previous goad o mdition, and all the new wurk has

aung .Ai-r . . .

smr.y.OOS

♦dec in another coin mu r e s u lt for July aud August, 1895.
B ALAN CE SH E E T JU N E 3 0 .

Assets—
B nds » c *ck< ami other invest...
S l o k t u g i u ..1

A R f. K K ............

Sinking i and C. A \V. L RR . . . .
Bi is and aco units rooeivaOl© .. .
Mat>r* .I-* and supplies.................
Ca h .......... ........... ......................................

Tnfc-d asset a ... . . . . . . . . . . . . . .
LiabilVir*— ]

'■'"Uiidku -lo ck ........... .

1895.
1894.
1893.
1*
$
$
27.950.020 27.8 *2,360 27,2 >2.97 4
2,86 1.8*0
3,2 28.911
2,810.4^3
2 D , *67
241,5 *9
183,000
M 2.27 4
155,1 )8
21 1,1 15
3 48 *02
293,6*1
27 L,900
1 13,>71
118.613
318.6 48
121,863
2 2 )^ 6 0
384,373
31,752,914

.

efc red atoe It
.................
20.000.oefl 20,00 7,00*» P
Bo. dft (see-8Up. LK>t'<N*r) . . . .
1'O U '.OOO l»i,5U.),**00 Interest, rentals, taxes* Ao. ...
as.uoo.uvn 23,U«o ,Oj O P y-roda. vouchers. .vo ... .
Eq npuieot rH|».*ce*iiout fuud
tit 0.839
7 H ,3 i0
52 ,083 utner li tb 1 t i e s ....... . ...........
incom e a c c o u n t .......................
136.813
135,23}
179.11}
l.lli.o fl
816,536
770 0 .3
Total liabilities........ ...........
17,491
27. 49
57J.I9 » —V. 60, p. 480.
193,819

20.00 -.0 KI 20.000.000
J«.5OO,0 0 l a p i-,uOi
28,Ov 0,600 28.000.o0i}
470,500

B aln noe........ .........*>def. 158,554 sur.107.634 sur 105,314

32,110,009

31,4 37,008

6.195,2 4Q
6.197.800
0.197,800
4 .8 3 0 ,7*»0 4. <30,7 *0
4.7? *.400
l3 ,0 5 ».**0 ) 18,060, *0 ) 17,0 7 '),O« 0
386,8 S4
3)5,70 2
4 40.372
6 2 1.4-2
313,213
6 >7,035
126.5 7 7
234,9 U>
1?2 8 t3
370,0 ?6
2 >7.9 )6
391,419
1.48 i.70 l
1.1*2 4,07 4
1,326,2 Ll
31,752,914

32,110,009

31,487,09

New Fork Sew H iven & Hartford It til road.
( Report fo r year ending June 30, 1S95.J
The pamphlet report has not yet come to naud, but from
tbeU-med Press dispatohss the facts bsljw given regardi lg
its conlen'8 are obtained.
Rirnings. —Tue eurnings and balance sheet for the late
fiscal year were given in the C m ov i ti,n of Sept. 14, pige 463.
The annual reoort co iflrms ill lig tre< th>re given an 1 shows
that out of the year’s surplus of $3 473.939, dtviden Is aggre­
gating ♦3,794.23d were paid, letvmg a deficit for the t v^lve
months of $315,891. The passenger earnings aggr -gate! $ 5,293,058; freight earnings, $12 3)9,953
These fig ires refer to
the same property a i l the sams mileage rep irted last year.
The statement stays: •‘Stockholders will oe gratified to notean
increase of 9 per cent in the gr iss revenue of the properties,
wtiich is mainly due to the improvement in the bust dess situ­
ation. Subscriptions to original i<s te debenture certificates
amounted to $13 M3 241, of wnic i $13 123,310 wis taken."
.Veto England RR.—The manner in which this road is
a d is stated in the repirt as follows: “ The
New England Rtilroad Company, at the wr'ting of thnstateraent, is in possession of the property forrn“ ilv Icnowa as
the New York & New Englani. Its lines reach many prints
in Southern New England woich are als i sj rvetl by the roads
of this company. At mist of tttese p ritais s*p tr ate organiz ations are maintained. It is aoaarent that if the management
of the two properties is umfi-d the expenses of etch ca t be
diminished materially by the cons nidation, upon eq utabte
terms, of a g e n cie s , yards and freight la ruses at these p tints,
and the cu -tomers of each C imp any can euj ry the benefits of
the facilities belonging to bo h. The properties will then vi-dd
the best results to each corporation and to the public. Your
directors have therefore accepted an offer for the delivery,
prior to the annual meeting, of a m sjrrityof the ctpttal
stock of the New- England Railroad Company, an l have also
purchased $5,009,000 of its ne w 5 per cent mortgage bonds.
But it is not prooos d to m ike any coasriidacton with, or
lease of. the N«w England Railroad.”
Stamford Street RR.—Tne report also confirms the rumor
that the company has secured a controlling interest ia the

THE CHRONICLE.

610

|_Yo l .

l x i.

Stamford Street RR. Co. and proposes to develop that prop­
Bay State Was.—Increase in Stock.—This company an­
erty in close relationship with i»s own property.
no incus an increase iu its capital sto.-k from $3,000,000 to
jXantasket Beach Branch —Of the electrical equipment of $15,000,000 to acquire “ certain gas properties.” oy which some
the Nantasket Beach road the statement says:
suppose the Brookline Gas Co. is meant. The stockholders
The experim ent has demonstrated that pow er generated in a station- are no'itied that they have the mivilege of subscribing prior
n r y plant amt transm itted by electrical agency can bo successfully
o 12 M Oct. 7 for two shares of the n -wstotk for eacb share
used In the operation o f a standard railroad. The current expenses
for fuel indie to that this result is econom ically obtained. Pow er thus held Sept. 37 at the market price of $10 per share.
The following explanatory letter accompanied the an­
tiansinitted is c pabie o f inilcllnite subdivision and is therefore m rst
available fo r frequent car service The com me c a l result dope mis
nouncement:

on ly on Lh dur bi'lty o f electrical eq iprneiK,. d ie use of tha existing
pow er station wi 1 be extended prsseatly, and it is p'Obablo that el *ctri ity will b ■prom ptly adopt <1 by the oom paav at other points on its
lines* W i'h a ro ul free fr >m graiie crossings it is no: to >much ro e x ­
p ect its ultimate application wherever the business ju stitW a f eqnoat
train service and. it is hoped, without tho use o f an overhead trotley.

S irs —Negotiations have been pending for a considerable time look
ing inward the acquirem ent o f certain gas properties which it is rnani fCB'ly for toein te.est o f this o unp any to own and e m tio -. A m o v e ­
ment to place a h i'g e fund lu the treasury o f this com pany lias its in ­
ception in the desire to increase t ie profitable business o f the com p an y.
.1. E U W A R ii ADLHOtCS, P resident.
—V. 60, p. 873.

Steamship Stuck.—The road now holds the entire stock of
the Fall Riv*-r Line and 18,233 of the 25.000 shares of the
Belt Ry.—Union Ry. (Chattanooga, Tenn.)—New Com­
Providence & Stonington Line.—V . 61, p. 559.
p a n y ; New Securities. — The Union Railway Company
has been reorganized by the formation of a new com­
pany under the name of the Belt Railway Company,
G E N E R A L IN V E S T M E N T N E W S
L'he capital of this com pan v is fixed at $360.OuO and it will
Reorganization Plans, etc.—The following is an index to have a first mortgage of $300,000, bearing interest at the
all statements relating to defaults, foreclosure sales, reorgani­ rate of 3 per cent for two years from July 1 , 1865, 4 per cent
zation plans, reorganization committees, payment of coupons, for two years, ana thereafter 5 per cent, and an income mort­
and receiverships, of the principal companies, that have gage for $24,000, the income bonds to bear interest at the rate
been published in the C h r o n i c l e since the last editions of of 4 percent, if earned, and from July 1, 1903, to become a fixed
the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e m e n t s were charge, the company, however, having the right at any time
issued, all earlier facts of this nature being set forth therein. to retiie them at par. The new company will he leased for
fifty years to the Alabama Great Southern Railroad Co at a
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 price sufficient to guarantee the interest on the bonds issued.
tion or readjustment plan; coup, for coupon payments; def., —V. 61, p. 112.
Carolina Cumberland Wap & Chicago Ry.—Foreclosure
for default; Com, for committee.
Volume 61.
Pane.
Volume 61.
Pape. Sale. —The sale is advertised tor October 29.
Addison & u'enna....(/ef. 469, 557 Louisv. Ev. & St. L.ro ip. 366, 559
Chicago W is—Plan o f Consolidation.—A committee con­
Allegheny & Kinzua........ m le. 365 Marieita & So. Georgia, sale. 281
A tchison T. & S. Fe.sale. 365, 516 Memphis & Charleston..coup. 196 sisting of Frederic P. Olcott, Chatrman; Riswell P. Flower,
A tlantic & Pacific.........sale. 516 N. Y. L.E.& W . . sale. 3 2 5 ,4 7 2 , 559 Anthony N. Brady, Walter Ferguson, C. K. G. Billings and
do
do .........plan. 366, 559
Colorado M idland.......roup. 195
Win, K. Campbell, with J. N. Wallace as Secretary. 54 Wall
do
do
___ status. 557 N .Y Penna. & Ohio....... plan. 472
Street, New York, has issued the following statement to
Northern P acific............rtevs. 559
St. L. &S. F..coup. 151, 470,
516, 557 Ohio Southern................. co»p. 367 holders of certificates of the Fidelity Insurance, Trust & Safe
Birm. Slieff & Tenn. R ...sa le. 516 Oregon Im provem ent C o.<lef. 569 Deposit Company of Philadelphia:
Cent. RR. o f Ga ...sa le. 365,
Chatt. Rome & Col.
.Con.
Chicago A Atcli Bridge ..<lef.
Chic. & So. SideR . T. Co. Com.
Chic. P. & St. L sale. 2 8 0 ,4 7 s
do
do ......
plan.
Col. A H ocking Coal & I . Com.
do
do
status.
Columb. S. & H.sale. 195, 516,
do
do ................coup.
Denver City Cable............ sale.
D istilling <fe C. F ..... sale. 281
Florida M id'and...............Com.
Gettysburg EL. 8t. R y ..reevr.
Green B.Wi. & St. P .p'an 471,
Kentucky & Iud. B iidge.coup.
Kentucky M id ................. sale.
Kinderhook <fc Hudson.. Com.
K n oxv. Cuml). Gap & L ..sale.
Little Rock & Mem.........plan.

5L6
470
558
470
558
365
240
558
558
558
470

470
553
558
240
420
471
471
559

; Ore. Ry. & Nav.sa^e oj col. 1>2, 517
do
do
sale 241, 472, 517
do
do
...p l a n . 325, 517
Ore. S.L.&U.N.dec.o//brec7.‘2 41,5l7
do
do
...................
com. 420
■
Peoria Dec. & E v.............coup. 367
do
do ..............plan. 367
do
do com.431, 517,
569
517
; Phila. &R ead.foreel. suit.
, Port Royal <fc West. Car..src/e. 282
Pueblo City R y ................. sale. 472
Saw Amer. & Montg. plan. 470
Savannah & West sale. 365, 470
, Seattle Consol. St. Ry ...p la n , 569
Union P a c.......coup. 153, 377, 518
U. P. equipm ent b o n d s ..coup. 431
United States Book Co. com. 431
U. 8. C o r d a g e ...................Com 328
Valley o f Ohio.sale. 19 8,47 3, 564
W aco & N orth w estern ...sale. 431

Alabama Great Southern R y —Southern Uy.—Change o f
Directors.—Representatives of the Southern Railway were
elected this week to till a majority of the places on the board
of directors of the Alabama Great Southern Ry Co., which
property therefore formally goes under the control of the
Southern Railway system. It will be operated as an indepen­
dent property.—V. 61, p. 569.
American Spirits Manufacturing—D istilling & Cattle
F eedin g— Greenliut-Morris Settlement. — The
following
from the New Yotk Times is pronounced to be a substantially
correct statement of the settlement made this week with the
Greenhut-Morris interest:
A cceptance o f the reorganization plan in fa il and installation of the
A m erican Spirits Manufacturing Company as successor; depositing
1,500 shares o f certificates now controlled by the Greenliut-Morris
opposition in New Y ork with the holders o f the m ajority interest; sur­
render o f $1,000,000 bond issue at 50 cents on the dollar; withdrawal
of all pending suits, including the litigation before Judge Beeknntn iu
the New York courts, attacking the purchase by the Reorganization
Committee, the suits for the recovery o f damages under oattle-feeding
contracts by Nelson Morris, aud the cessation o f litigation to attem pt
the recovery o f distilling plants by individual distillers.

The property has been turned over to the American Spirits
Manufacturing Co., but when the new securities will be issued
is uncertain.
The Chicago Times-Heraid says: “ Greenhut and Morris will
receive 55 cents on the dollar for the §860,000 of bonds they
hold and GreeDbut will be paid $28 50 per share for the stock
which he holds in the old company. An amicable arrange­
ment has also been made with reference to ground leases of
some of the property.” —V . 61, p. 558.
Atchison System—Chicago Santa Fe & California Ry.—
Suit fo r Interest.—At Topeka, Kan., William C. Osborn and
Charles Guthrie have brought suit in the United States Dis­
trict Court against the receivers of the Atchison to compel
payment of coupons on the Chicago Santa Fe & California 5
per cent bonds for $629,000, the outstanding portion of the
loan for $15,350,000, of which the balance is owned by .the
Atchison, having been exchanged for Atchison bonds in the
reorganization of 1889. These coupons remain unpaid,
although Judge Caldwell is claimed to have ordered their
payment some time ago.—V . 61, p. 557.
Bangor & Aroostook R R.—Extension.—The branch from
Oakfield on the main line to Ashland, a distance of 40 miles,
it is expected, will be completed by November 1. The county
of Aroostook, Maine, voted the B. & A. a subsidy of $228,000
towards the building of this branch line,—V. 60, p. 794.

The questions which have been raised as to the legality o f tho
arrangement under which the Fidelity Company holds the deposited
stocks o l 1he Chicago Gas Companies, and the resulting litigation,
render it advisable and necessary that a plan should be adopted by
which vour lights shall be maintained and preserved, aud the existing
difficulties removed At. the request o f holders o f a large amount of
Fidelity Company eertitlcates, we have undertaken to act as a com ­
mittee under an agreement and plan o f consolidation tiled with the
Central Trust Company o f New York, dated O ctob -r i, 18»5. The
plan contemplates the merger or consolidation ot the several oom
pani-s whose properties are repre-ented by the F idelity Company
certificates, so as to constitute one corporation under the laws o f the
State of Illinois, anti alter making proper provision fo r the protection
of tee security o f the guaranteed m ortgage bonds, the issue o f new
eertitlcates entitling the registered owners and holders thereof to the
same proportional interest iu the properties as is now repiesented by
the Fidelity Company eertitlcates.
Certificate hold-re arc asked to deposit tlieir certificates, p roperly
indorsed, with the CeDtral Trust Company of New York, No. 51 Wall
Stieet, New York, uuder s a d agreement, on or before O ctober 17,
1895. Negotiable receipts w ill he issued.

The agreement referred to is merely a legal document au­
thorizing the committee to use the stock deposited to effect a
consolidation of the properties in whatever manner a major­
ity of the committee shall deem best. No change, ho,vever,
cau be made which shall involve the acceptance by any de­
positor of less than his proportional share in the stock of the
consolidated company. The committee may borrow money
to carry out the consolidation but shall not have power to
bind anv depositor for the payment of any assessment.—Y.
61, p, 558.
Choctaw Oklahoma & Gulf RH.—Extension Opened —The
extension from South McAlester to Oklahoma City, a distance
of 120 miles, was completed last week, giving the company a
direct line, about 224 miles in length, from Wister, I. T., to Ei
Reno. As stated last week the Little Rock & Memphis reor­
ganizers propose to build an extension of their road to Wister,
which extension if built would afford the Choctaw company
a direct connection to Little Rock and the Mississippi River.
The company’s prospects for traffic, now that its line is
completed, are said to be encouraging, contracts having been
made to supply the Atchison and Rock Island toads with coal.
These two contracts, it is claimed, will require at least 150,000
tons a year. Commercial sales in Kansas and Nebraska are
estimated at about 100,000 tons annually. A large traffic
from lumber is also said to be assured.—V. 61, p. 516.
Fitchburg R R.—New Stock.—The Massachusetts Railroad
Commissioners announce a hearing Oct. 9 on the petition
of the Fitchburg RR. Company for authority to issue 3,600
shares of preferred stock for the putposeof consolidation with
the Brookline & Peppered, the Brookline and the Brookline &
Milford railroad companies.—V. 61, p. 467.
Georgia <te Alabama—Savannah Americas A Moulg unery
—Securities Authorized. — At Amerious, G i , Sept 30, the
stockholders of the Georgia & Alabama authorizeJ the new
mortgage securing the preference bonds and first mortgage
consols. The Baltimore Trust & Guarantee Company is the
mortgage trustee.
Prospects and Sale o f Securities.—The following is furnished
the Chronicle from an official source :
Out o f a total Issue o f $3,350,000 first m ortgage bonds o f the Savan­
nah Amerieus A- M ontgom ery Railwav, $3,323,000 w ere p olled with
the Reorganization Committee. A majority o f the old bondholders ex­
ercised their privilege to subscribe to the $1,075,000 preference bonds
and the underwriting syndicate bus assumed the balance. This sale
gives the company about $1,700,000 available funds, o f which $700,-

OCTOBkR 5, 1893.1

THE CHRONICLE.

611

^Cr'

...
■
'
000 is to be used only for the purpose o f extending the road to Savan
N<■w London Street Ry.—New Stock.—The capital stock
nah,
where am ide
terminals are being arranged for.
flie !
length o f the road from M ontgomery to Savannah will be 340 miles, of will be increased Oct. 15 by the issue at par of one new share
w hich 265 miles is now in full operation. On the present basis of for each ten old shares to such stockholders of record Oct. 1
gross earnings, and a normal ratio o f operating expenses, the net earn
as may subscribe therefor on or before Oct. 15.
logs o f the com pany, ev en in advance o f its extension to Savannah, ,
New Turk New Haven & Hartford B R .—Control o f New
will be suffleiens to p iy about three times over the interest-on the drat j
m ortgage pr.-f-reace bonds issued on the present 265 m il .3 o f road.— ! England RR and Stamford Street R y.—In the annual repott
V. 61, p. 470.
quoted on a previous page is an official statement regarding

the manner in which the New England RR. and the Stamford
Street Railway are now con rolled.—V . 61, p. 559,
Northern Pacific RR.—Change o f Receivers.—On Saturday
last at Milwaukee. YVis., Judge Jenkins appointed Edward H,
McHenry of St. Paul and Frank G. Bigelow of Milwaukee,
receivers, to succeed the old receivers resigned. Mr. Mc­
Henry is Chief Engineer of the company and Mr. Bigelow is
President of the First National Bank of Milwaukee, in which
ex-receiver Payne i3 a director. H-rbert B. Turner, attorney
for the Farmers’ Loan & Trust Co., expressed his satisfaction
Jarvis Conklin Mortgage Trast Co.—Total Indebtedness.— with the choice. Subsequently Judge Sanborn at St, Paul
Charles Steele, special master appointed to take proofs con­ confirmed the appointment for the Minnesota District.
cerning the indebtedness of this company, has filed his prelim­
On Tuesday Judge Hanford at Tacoma, Washington, re­
inary report in the TTi ited States Circuit Court. It shows fused to accept the resignation of the old receivers which was
that on September 28, 1898.when thenoeiv.-rs were appointed, tendered last week, and because of their failure to obey the
the indebtedness amounted to .$8,888 449 94 with a contingent court and to file reports removed them from office. In their
liability upon guaranteed mortgages and corporation bonds j stead for the district of Washington he appointed Andrew F,
of 6W.506.895. May 31, 1895, the actuil indebtedness amount­ Burleigh, heretofore Real counsel of the Northern Pacific.
ed to 67.751,836 88 and the Contingent liability to $3,746,889 38.
This appointment was af'erwards confirmed by Judge Gil­
The greater part of the obligations are held and represented bert for the district of Oregon.
by the North American Trust Company, 40 Wall Street, New
On Thursday Judge Laoomba, in the Circuit Court at New
York.—V. 60, p. 1058.
York, deferred action with reference to the resignation of the
Kentucky Midland \ly.—R w g m iz itio n Committee— A old receivers and the appointment of their successor until Oct.
committee has been formed representing the Ponds of this 11, saying:
The Court doe* not hob its way clour to accept the resignations of
company, Charles E Hoge.of Frankfort, Ky. being a member. thereoolvers
upon tho papers now before the Court. The ou sels too
There has been no date set for offering the road at foreclosure grave to be disposed o f hastily. file app 'innnent of othor receivers
would only toad to Increase rather than diminish the present difficul­
sale the second time.—V. 61. p. 420.
ties. It there should be an irreconcilable divergence between the
Lelilgh A New fo r k HR,—Southern Central R R .-ifeor- judges In the West, tt would then be proper f ir Ibis Court to not A ny
action tlmt might tend to delay the com ing together o f the ju d icial
ganization Police. —The Southern Central reorganiz ition rnluds
tho Went w ould be prejudiol.il to ihe Interests o f tbo com ­
committee notifies holders ox trust company receipts for first pany. or
I have such coutidenoe In my brethren tin t I cannot believe
consolidated mortgage bonds that upon application to the Ill y w ill continue to disagree. 1 therefore postpone further hearing
Metropolitan Trust Company they will receive the cash to the next m otion day O ctober 11. but in the m eantime will be aoamounts due them under the reorganization plan. The cer­ oes-ible should exceptional olroutnatuuoes require earlier action.
Strong efforts are being made to secure the appointment o f
tificates tot the preferred stock will be ready for delivery
one set of receivers for the entire road by the judges of the
after Oct. 13.—V. 81, p 559.
several districts, and it is hoped these efforts will prove suc­
Little Reck Sc Memphis-S ale Post/iowd.—The foreclosure cessful.
sale fixed for October 17 inis tieeti postponed at the request of
The old receivers have been ordered to appear before Judge
probable purchaser until November 33.—V, 61, p. 559.
Hanford on a charge of contempt of court.
Trustee o f Thirtl Mortgage.—At Seatile, Wash., Charles B.
Logunsport A Wabash Valley Hn*.—Gompetition. —This
company, which owns the natural gas system at Peru. Van Nostrand, of the general third mortgage bondholders’
Logans port, Decatur and Wabash in Indiana has given notice [ committee, h is filed a petition asking that lie be made
that ga- after Oct. 1 will be furnished to consumers at one- a party to the foreclosure suit, with the same effect as if he
half the ratu charged for the last seven years. This is the had been made a party to the bill. Mr. Van Nostrand alleges
result of the organization by Wabash citizens of the Wabash that the Farmers’ Loan & Trust Company, being trustee of the
Fuel Company, which will be ready to supply gas through j consolidated mortgage as well as of the general third mort­
its independent line Nov. 1 at a 10 p’ -r cent redaction from gage, is obliged to serv.- conllicting interests. Consequently,
in behalf of the $2,000,000 of bonds which his committee
the company rates.
represents, he auks that lie be made a party as aforesaid to the
Louisville Sc Nashville R B .—Election o f Directors.—At foreclosure suit.
the am nut meeting this week the following directors were
Land Grant.—A press dispatch Bays the Secretary of the
elected: August Belmont, J. D. Probet. II. E. Girth, John I. , Interior in Washington has approved grants of lands to the
Waterbury, J. A. Horsey, William Mertens, E. Mora Davi- j N rthern Pacific amounting to 1,887,478 acres.—V. 61, p. 559.
son. Gardner M. Lane, John L, H-dai, J. D. Taggart, M. II. j
Northern Pacific R R.—Central Washington R j,—M ort­
Smith, Attila ta x and Rudolph Ellis. The new directors gage
Truste,- Etc.—At Spokane, Wash., Sept. 29, Judge Han­
are E. .Mora Davison, Attila Cox and Rudolph Ellis, who sue ! ford of the United States District Court removed the Farmers’
ceed Albert Fink, Thomas Rutter and Elcnund Smith.—V. Loan & Trust Co as mortgage trustee of ihe Central Wash­
61, p. 381.
ington Railway and substituted in its place the Knickerbocker
Lowell * Suburban St. Ry.—Sew Stock. —Touching this Trust Company as requested by a majority of the bond­
company's application for permission to issue $400,000 new holders. lie also made Charles B. Chamberlain of Spokane sole
stock, of which $300,000 for floating debt due to electrical |receiver.
A press despatch from Spokane to the New York Times says:
equipment and $100,000 for park purposes, the Massachusetts
State Railroad Commissioners have authorized the company j A very strong effort it being made by business meu of tilts city to
have
the bondholder* take ohurge o f the road and run tt as an inde­
to issue at $115 per share $176,500 stock for floating debt and i
pendent line. Thu road ruus through one or tho most productive pares
663,500 for park purposes,
o f Eastern Washington, and If the bondholders take oh irge o f the road
Macon A Birmingham HR. —Fortclosure Sale.—The sale of and extend It to ihe coast, it will give them oo itroi of a large tonnage
zr.tin from all o f Eastern Washington and Northern Idaho.—V. 9 L,
this road is advertised for Nov. 5. Copies of the decree may of
p. 559.
be obtained from the New York Security & Trust Co.—V. 60, ;
Omaha & Si. Lonig—Receivers' Certificates.—An order has
p. 793.
National Railway (St. Louis).—Reduction in Dividend.— »t?eS made in the United States Circuit Court authorizing Re­
ceiver
J. F. Barnard of the Omaha Sc St. Louis Railroad Co.
The quarterly G o t o o e r d iv id e n d w ill b e q o f 1 p e r c e n t , in
place of the usual I V per cent. The directors explain the re- i to purchase 450 freight cars, capacity 60,000 pounds eaoh, and
two heavy engines. The new equipment will cost $260,000,
auction as follow s:
which is to be raised by issuing receivers' certificates. No
The earnings o f the properties operated by the com pany since the
panic o f 1SV3 ba re dec resoied •>» have tbeearnlngs o f simHureonipanle* j date for the foreclosure sale of this road has yet beeu fixed.—
generally. The management has econom ized to a point consistent Vol. 60, p. 712.
with the safety and conservation o f the several properties, nod there- i Oregon Improvement.—Default.—In view of the default
by has been enabled t>> maintain the usual rate o f dividend. th e docrease In receipts ha* continued to a recent date, hut since July l have ! which occurred Oct. 1 on the consolidated mortgage 5s, Presi­
shown en Increase. Besides paying for extensions and new construe- , dent Elijah Smith has issued a circular staling :
tlon oyer #100,000 out o f the net earnings, all obligations have been ]
paid excepting about tao.iJOO. To avoid any float lug debt the direct- I The financial condition o f the eo npany on tho Pacific Coast, in
Houston City Street Ry.—Foreclosure, Etc —Tt is reported
from Houston that a foreclosure suit is about to be instituted.
The resignation of O. M. Carter as President has been accept­
ed and Albert X. Purlin of Boston has been elected in his
stead.—V. 61, p. 281.
International Bridge Sc Tramway.— Foreclosure.—The
Holland Trust Company has filed a suit against this company
of Laredo, Texas, for the foreclosure of the first mortgage for
$80,000.

o;
: -efio it to b e Wise policy to declare for the quarter ending Oct. 1,
a divide d o f % o f 1 per cent Instead ol the usual 1A per cent,
applying the 1 per cent to liquidate the above Indebtedness. Tills
make* a total o f e per cent paid in laps,, [ f the Increase in earning*
above reftrreii to iootfaui;*, as now Mama-probable, w e w ay b e »hl<8

to resume the usual rale in ibe near future.—V. bt), p, duo.
Now England K R .- Transfer Books.—The Reorganiza­
tion Committee of the New York & New England gives notire that the transfer books for the reorganization certificates
iseuHl for preferred and common stock of the railroad compar.y will tie closed at noon on Oct. 12. preparatory to tho
issue of the stock of the New England Railroad Co,—V. 61,
p. 5t7,

1 eluding the *t ntuship and railroad companies, all of tho 8to*lt of 1
which Is owned by tho Oregon Im provem ent Company, was as follow s:
j Cash...................................... .............................................................
822,606
! 1 oal on hand a! all d epots............................................................
119,711
|Supplies and m a teria ls................................................................
232,132
A ccounts receivable......................................... ............. $715,499
Lew account* p a y a b le .......................................
538,713— 208,780

i
Total Jaly 1, 1895........................................................................$580,031
I Since July l there lias been received in Sew York fro u tin Sau
j Francisco office $ .*,000, which is now on lun d. Che only debt now
i owed in Sew York i* tile amount due the sinking fund, 8 07,i t o .
com pany baa on hand tho following securities: $119,000 of Ite
; The
•">per cent bonds and 131 shares o f Oregon Improvement Co. preferred
stock.

There is now and will he due by Dec. 1 next:

612

THE CHRONICLE.

Overdue sinking fund requi* eraeDts ...
............................. $L07.310
Coujioud dm* Oct l ou cn^oliaa.* e«l m ortgage ..........................
y.
Coupons Due Dec. i ou flist UKirtpsure......................................... o Binning funa due Dec. i o n tir^t m o r t g a g e ................................ **■>»*•u 1
T ota l......... ........................................................................
Cash on hand iu New York .................................. - ......................... $of<,ouo
••It is safe to assume that th e e tsh receipts f ora the nr t earnl .gs of
the com p in y ne weeu u*».v >tud Deo. i ncxti tog^t.uer witu the ash
now on hand, wi I not b •m ore th til enough 1 » pay the tir^t niortg igo
coupons and s nk u * f md require men is Dec. 1, which mint■be p u d ;
ami it has beet decid d to pay immediately iuto the sinking iuud the
$ 07,3 »< now in default.*’
, „ ,
T h e n t e . n l ^ ot the Oregon Im provem ent Company (all depart­
ments) f«*r the tlr-t ight mo iths o f the li cal year e ding ‘ ulv-31.
189.), were r2- 7, 2- ; tur- fixed charges for the same tim eare t»-l 10,00.».
Heav.v repairs to siediu«hips call for an outlay o f f om $190,000 to
$ 25('tt O o; juugmentft at d t ilts fo r $41,500 m ust soon be paid, and
considerable mm.u shomd be spent on coal mines, etc.
iu view of m e situation as above shown, and the absence o f en
couragemeub as to an im mediate increase iu net earuiuga after p ro ­
viding for necessary rep tirs, tne m anag -ment after consultation with
a number of houuho tiers and stoouliolders have deemed it for t .e
best i terest of the p iop ertya n d the security holders to make d *1 iuic
iu paym ent of the consolidated m ortgage boud coupons due Oot. I,
lb 9 5 .

It is understood that the stockholders’ protective committee
(see vol. 60, p. 93u) will also issue a ciicular.—V. 61, p. 569.
Oregon Railway & Navigation—Safe o f Collateral —The
sale of the an urines deposited in liusi for the collateral trust
bonds has been adjourned to Tuesday, Oct. 15, 1895. An
article on the Com pa i y’s earnings was in the <ditorial depart­
ment of last week’s Chronicle.—Y. 61, p. 517, 536.
Oregon Short Line A Utah Northern Ry — Union Pacific
By. —Decree o f Foreclosure.—At Cheyenne, Wyo., Sept. 27,
Judge Rieer signed a decree of fori closure in the case of the
American Loan & Trust Company vs. Oregon Short Line &
Uiah Northern. This is confirmatory of decrees already ren­
dered for the Oregon and Utah districts. Decrees iu other
districts are yet to he obtained before the road can be Si Id,
Utah Southern Bondholders’ Committee—At the request of
the holdirs ol a large amount of the tirst general mortgage
and extr nsion first mortgage bonds, Alexander H. htevens,
Samuel Carr, Isaac H. Bromley and Peter B. Wyckoff, with
George S. CLy. Secretary, 195 Broadway, New York, have
undertaken to act as a committee for the protection of ihe
bondholoeis and the enforcement of their rights. Holders
are urged to deposit their bonds w iihout delay wiih the Mer­
cantile Trust 0. nipany of New York or the Old Colony Trust
Company t f Bosion, under an agreement, copies of which
may be obtained from either of the trust companies or from
the secretary of the committee. See advertisement on another
page.—V. 61, p. 5i7.
Pacific R ailroads.—Report o f U. S. Commissioner.—
Gen. Wade Hamp od, Ci mmissioner of Railroads, in his an­
nual rt port to u-.e Secretary of the Interior says in part that
in the bard times it appeals the gross ieceipts of the Union
Pacific system were rtduced $1,006,000 a month below the
noimal; tnat a cast-iron rule as to payments cannot be ob­
served, and he thinks tLere should be a flexible adjustmi nt of
annual payments to coireepond with diminisned earnings.
He thinls that the Thurman Act will be found to justify the
expectation of its framers if the following amendments are
made:

[VOL. LXI.

issued by the Pittsburg: Grafton & Mansfield rraotioa Gj ., au
extension of the West Bad’s system.
Paltmaii Palace Car.—Capitalization o f Surplus —Ru­
mors are cuirent that at the annual meeting Oct. 17 a proposi­
tion will be made to capitalize some part of .his o< mpaoy’s
surplus which June 3", 1894, amouuttd io $26,042,606 It is
known that some momhs ago a plan was under consideration
having in view the formation of a company to take over the
Pullman Company’s real istate, and the disiribuiion of the
new company’s s uck as a scrip dividend to the Pullman stock
holders. The present rumors refer lo this plan, hut whether
they have any basis in fact remains to be s”en. The Pullman
Company owns in the town of Pullman 500 acres of land, and
the -,real esta e and plant” there is valued in recent reports
at about $3,000,000, The company owns also all of the shares
of the Pullman Land Association, proprietor of 300 acres of
land adjoining those of the car company in the town.—V. 60,
p. 1010.
San Diego Land & Town.—Reorganization Committee.—
The following are a reorganiza'ion oommntee: B. P. Cheney,
C. W. Shattuck, E. H. Mason and W. L. Frost, with power to
add to their number.
Seattle Consolidated Strett M's.—Reorganization Plan —
The reorganization committee, consisting of N. W. Harris,
Alien B. Forhis and Henry S. Boutelle of Chicago; H. W .
Bartol of Philadelphia, and Alttert L, Chester of Westerly,
R. I., has prepared a reorganizati n plan, which provides
that a new compaoy shall be formed after foreclosure sale
and shall issue the following securities ;

New first mortgage bonds to be dated Oot. 1, 1805, and for
the tirst four tears to be uon-oum dative 6 per cent in­
comes, and u f'er Oot 1, 1899. to bear fixed interest at 6
per cent yearly, said bonds lo be subject to oall at 105 on
any coupon day. Total authoiized issue................... .........$1,000,000
To be applied as fo llo w s :
For purposes o f reorganization....................................................
457,000
For hettennen s [intere-t on thes>- till Oct. 1 ,1 8 9 9 , to be
preferred and to be a fixed charge] .........................................
68,000
F or new construodon or fo r the purchase o f any other
railway In Seattle on terms below m entioned......................
175,000
Income second mortgage bonds, seiies A & B. (“ A” pre­
ferred as to principal and interest) 6 per cent, cum ula­
tive. Said bonds are to bear fixed ioterest at o per oent
after the new oompany has earned and paid full interest
upon them for three consecutive years, su bject to oall
at par. They may be applied as follow s :
Series A —
F or purposes of reorganization, ab ou t....................................
11,780
To retire new 1st m ortgage bonds at 105............................... 1,050,000
Be1leg B —
For purposes of reorgan'zation about......................................
299,000
For c o m p en s'lion t*» present first m ortgage bonds for
all loss o f interest (difference between rate which shall
be paid and 6 per cent) to Oot. 1 ,1 8 9 9 , at $2 fo r $1 of
interest...................................................................... ................. Uncertain.
Series A or B for new con stru ction ............................................. See Note.
Stock..................................................................................................... 1,000,000
N o t e .—First mortgage provisions.—For constructing new lines of
railway and purchasing any other lines and plants in Seattle at su h
prices as sh ill be determined upon by said new oomp tny. not t o e x o e e l
$475,000 o f satd new first m ortgage may be Issued, provided “ that the
commttteesball iu e ch case unanimously consent to the purchase; and
p ovlded further that none o f said bonds from $525,000 upwards
sball be issued for new construction at a greater rate than 85 per
oent of ihe actual cost o f such new construction (construcilon to in ­
clude paving and increased power oapacity when by the com m ittee
d em eaueces ary), or be issued fo r construction unless the net earn­
First—To em brace within its provisions all Pacific roads w hich have ings of the new oompany for the six months th-u last past shall be
received from ihe United Slates a loan o f its bonds in aid o f con stru c­ equal to at least 10 per ceDt i er annum uoon Its first m ortgage bonds
tion.
then outstanding, together w ith the new bonds then proposed to be
S ecotd —To provide that 50 per cent instead o f 25 o f the net earn­
issued.”
ings be retained.
Second mortgage provisions.—“ Said new second m ortgage shall pro­
Third—To extend the debt until it shall have been discharged as vide that further bonds may be Issued thereunder o f either series A or
pro tided.
B lor the purpose o f retiring p iior Ileus, and upon the retirem ent o f
F om th —To provide that if any o f the companies divert business all prior liens then for exiensious, on the same term s as are fixed in
from a subsidized to an i nm bsidized ioad that the conditions whioh said new Hi st m ortgage fo r extension and purchase issues.”
attach, d lo t he subsidized line shall be transferred to the Dew and unExchange ot Securities.—The old securities and floating debt are to
subsidized tine, iu on), r that the lights o f the United states m a y b e
p r o t 'eted. As an aliernailve he recom m ends that a com m ission be be exchanged as follow s for new securities :
Holders oj
Pag .----------------- -------and receive------------------- —,
appointed by the President to settle the indebtedness o f the bondfollowing amounts. assl’s. n e w lstm . “ A ” bonds. “ B ” bonds. Stock.
aided railroads. He commends the order o f the Treasury Departm ent
which directs that com pensatory services rendered the Governm ent by fir s t mortgage $ 1 .0 0 0 ..None. $1,000
....... $2for$l ...........
Loss of int. to Oot. ’ 99-None. »...........
the non aided and leased lines o f the Union aclbo Comoauy be paid to
$50f
$5u0
$500
$ Ot
the receii ers o f ibe roads in cash, and mit retained in the treasury, as Second m ortgage$1,000. $lnO
50t
500
500
Floating debt, $ 1 ,0 0 0 ... 100
50;
foim erly.
..............................
25
Stock, $100...................... 2-50 ............

He also says :

The results of the past two years haye shown that during a period
of financial and industrial depression it w ould be im possible for the
Union Pacific Company to meet the annual ttxed charges, in addition
to other necessary and inevitable expenses, o f such au amount as
would be required lo discharge the debt to the United States in fifty
y eais at b j er cei t. as proposed in 1lie Keiliy bill, or even g ) er cent,
which the representatives o f the com pany were understood to be
willing to accept, sumo regard should be bad for such conditions as
have existed and which uie likely to aiise again.—New I’ork Sun.—V.
61, p .5 1 8 .

Peoria Decatur & Evansville.—New Directors, Etc.—At the
annual meeting ou the 1st inst. at Peoria, three directors
whose terms expired were replaced by John L. Lamsort,
William E Sttong and John H. Prall. The latter represents
the minority suck inttrest. A pian of reorganization is be­
ing fcrmulated w hich it is understood will take care of the
stock on fair terms. The foreclosure proceedings are not
being delayed, as has been heretofore stated.—V. 61, p. 509.
Pine Blufi' * Easiern R R .—Receiver.—S. W. Fordyce,
President of the St. Louis Southwestern RR , has beeu ap­
» pointed teceiver of the P. B. & E. road, extending from Rob
Roy toEnglish, Ark., 23 miles. F. M. Gilleit, of New York, is
President.
Pittsbuig He West End Passenger— Pittsburg[(Jrafton &
Mansfield Traction.—Guaranty.—The stuckholdeis of the
Pittsburg & West End Passenger Ry. have passed a resolution
authorizing the company to guarantee tne $250,000 bonds

1 For assessment.

The old securities are to be deposited with the Illinois Trust
& Savings Bank of Chicago and the committee has the power
to decide whether or not the amounts deposited are sufficient
to jusiify the carrying out of the plan. The committee’s ad­
dress is 204 Deal born St., Chicago, III.—V. 61, p. 569.
Tennessee Coal Iron & RIL—Sale o f Bonds.—This com­
pany has sold to a syndicate represented by Moore & Schley
$440,000 of the consolidated mortgage 0 per cent bonds of the
De Bardtlt ben Company, it is reported, at 95. By this opera­
tion, it is said, all of the floating debt except lhat incidental
to the transaction of current business is funded.—V. 61,
p. 153.
Texas Trnnk Ry.—Sale Confirmed.—The foreclosure sale of
this road to Edward H. Pardee, of New York, for $250,000,
has been confirmed,—V. 61, p. 241.
Union Pacific R R .—Report o f U. S. Commissioner—Under
the heading “ Pacific RRs.” is given a biief statement of the
reermmendations made by U. S. Commissioner of Railroads
Wade Hampton in his annual report.
Coupon Payment—The annual payment of $72,000 due Oct.
1 on the principal of the equipment bonds, Series A, and in­
terest on the three Series A, B and C, due October, has been
made.—Vol. 61, p. 518.

October 5 1895.]

613

THE OHBONIOLE.
GENERAL

R e p o r t s a n d J lo c u m e u t s .

RE3ULT3.

The general results from operations for th« year wore:
Gross E arnings............... ................... , ................................... ^ H ’o S ’S S l ,75
Operating Expenses, 63-69 per cen t.................... ................12,277,7:3 03

LOUISVILLE & NASHVILLE RAILROAD CO.
FORTY-FOURTH ANNUAL REPORT— FOR THE FISCAL
YEAR ENDED JUNE 30, 1895.

Net Earnings from Traffic, 3 1-31 per cent.V.. . .
.'.V $6,998,220 7 6
F rom w h ich D educt Charges A gainst I ncome—
Interest, Rents, e tc............................... ....... $5,013,733 10
569,326 37
Taxes
- __. . . . . . . . . . . . . . . . . . . . . . . .
...............
....................... 5,583,064 47

To the Stockholders o f the Louisville & Nashville RR. Company: T o
T h e B o a r d o f D ir e c t o r s o f th e L o u is v ille & N a s h v ille R u lr o i d C o m ii» n y rw sptc f u l l y s u > m t th e ir r e p o r t fo r th e fisca l
y e a r e n d e d J a n e 30, 1*9 >. as fo il •ws :
LENGTH OF ROADS.
T h e l“ Dj?th o f ro a d s up w e d b y ib is C o m p a n y , a n d o f those
in w n ie b i : is in te r e s te d , at th e c lo s e o f t o e fiscal y e a r , J u n e
30, 1895, is as fo llo w s :
L —O w ned A B so u n x t.r or T hrocoh th e O w n ersh ip o r
th e E ntire < avital S to c k ................. ...................................
2,606-35
IX.—U ses over who u m i * C om pany B o s s its T rains , h ie
EARJUSOSOF Will ’ d A ' RtlE ToTSUSOOXPAST.
BSnnflich.nn Mineral R a ilr o a d ......... ........................................
22-32
III.
—OfERATED UNDER LKASg, E ARKISO* IS EX. Bs« O f
F ix e d C m aroes A c. rhino to th is Co m p a n y .
Nashville .v Decatur K aliroad........................................ 11P'24
Shelby Ka ir o a d ................................................................... 1 9 1 0
___
138'34
IV . —O pe r ated for account o r tu b S outh A North A l a Ba r * R ailroad Co m pa n y .
182-67
South A North Alabama R ailroad.............................
AVctumpka Branob.................. ....................- .....................
0'30
---------186-97
Total Louisville * Nashville System ......................
V . —O pkb atkd U nder L ease f o b A ccount o r th e
F o ll o w in g Com pa nies :
Southern D ivision Cumberland A Ohio Railroad ...........
Northern Division Cumberland Sc Ohio R ailroad ............
OUwtfu* R ailroad.......................
Elktnu A O utline Kalpuad ...................................................
Maianioth Oavo Railroad................ ....... ............ ........ —

2,955-98
3O-90
26*72
10-50
10-92
9 17

88-21

TotalMileage ..................................................................4,848-87
The earning; and e* wines in this re n-t are based on ho
average of 2,905 98 niiics, ns shown in Table No. VI, Atten­
tion m railed to the tables submitted herewith for details of
the year’s bn finest
I Income Ai-connt. Fated Charges, etc,
II Profit anti l,> » Arc •unt.
III. Greer:,I Bulimy Ahrrt
I V , B o u i b d D h t i* D etail.

Net Incom e for the year...................................................

B o n d s I**17*d —

IJniitwl PllW-yoar Fimr-p-wcent Gold Bonds..................

Kentucky Central Railway Firm Mortgage Fuur per oent

Gold Benda

380.000
219.000

T otal Bonds Issued and assum ed........ .......................... .. .879,700,660
D educt B onn* R edeem ed and C anceled dbrino the Y ear —
Oenerat Mori Bonds eanrrlml for the Sink'g Fond.622 >,000
Cerilta Hr, Hoods i Aiieeb .1 fo r <h« Sink1* Fund . 11,000
Evansville I t a i t i r w o r Nashville Division Bonds
e«Deeh>d for the sin king Fuad............... ................ 24,000
Pensacola A A tlantic Kali road Bond* ram-oled
fo r l.rta sinking Fund. ..................... ..... .............
35,000
MarsvMte * la vlogtoti Railroad, Bon them Div1a :-.a Bonds redeemed at m aturity........................ 219,000
------------542,000
Outstanding Jane 30, 1898 ....................... .....................#79,158,060
Showing an Increase over last year In the bonded debt o f.
#27,000
T h e in cre a se in th e b o n d e d in d e b te d n e ss is a c ­
c o u n t Oil f o r tt* f o l l o w s :
llnitlr t Fifty-year F-mr per-cent Gold Bonds Issued tar
the folio slu g p urposes;
P ot nd«-eH»* eo*H betterment*, gaoh
as side tracks, station building*. HalInal, renewals * f bridges and o iiilp 't. # 2 t,o o o
F or Bonds redeemed for sinking Fuad. 320.000
------------ $350,000

Keutorkr Central Railway First Mon. Four-per-

cent Gold Bonds.............................. ...........................219,000
------------F rom which Deduct —
Bond* redeemed during Ida y * » r . ............- ......................*—

Increase of bonded debt..

569,000
542,000

$27,000

$700,584 99

Tin- average length of roads operated w as 2,955 93, th e same
as i lie p r e v io u s y e a r :
1894-5.
1893-4.
Gross Earnings per m ile..........................................$6,521 HI
$6,418 97
Operating Expenses per mile.............................
4,153 53
4,013 48
Net Earning* per m ile..........................................$2,367 48
$2,405 49
T he g r o v t i o f t ratfi • is sh i n b y th r fo lio win < ta b le :
Gross

i Arer’ae
UilM
Oper­
ated.

1'

Onemt'o

.Yet

E t ti'tjs I Expert's IS rn'o»
per
i er
per
Mile.
Mile. | Mile.

---------,]---------

"m i L lm o -i*

* .210
0.112 01
0 ./2 0 02
6 ,5 8 5 3 1
7,100 446,961 13j

188*413. 2. H 4 5.5
1.883-84. 1,007V5
IN81-8'.,. I..08 "21

ssu ' *
imr-S'C.....

27 $2,705 58
3,5055 27
0 23 2,363 71
8.740
8 ,8 5 1
HW 2,374 30
3 ,:'70
4,417
4.074
4.131
4,773 07
5 ,1 0 * 0 3

1888-80. f u w e i

E801-03J 2,857-SI;
18024*3.12.SH3 03.
1838^4.18.655-08

3;065 77
2,902 11

5 858 51

8
SS
«2-74

JJSSi
4.013 48

1)2-63

•i.l 3 ,-.3

01-95

iH-20
113-69

IM PROVEM ENT ACCOUNT.
fxpan^i'ur *h ma i * duri ii?

The f llo^ioic
the yoar for
equipment, improvement and acldfti m& to the several propertiea which b*jivtofore were charged to Coistraotion Ac­
count, have
n rh ir^e i lo Op* r Exp., and are as follows:
Flnnl paym ent on trait oar*...............................................
Air Brake Equipment, applied to locom otives .............
Air Ht-iiko Equipment and Autom atic Couplers, applied to refrigerator oars............... — ...........................
Right o f w ay.......... ............................................... ................
Brbltfoa........ .............................................................................
Fence* and w ifely gate*........................................................
Tunnels........................... , ......................................................
B allast......................................................................................
Buildings............ ............................................................ .......
Shop m achinery.....................................................................
.side trucks........................................................... ...................
Filling trestle*........................................................................
RAIL*—Value o f the difference in weight o f 70-lb. steel
renlaetng rail* o f lighter w eigh t....................................
Real estate............................................. ..............................
Additional telegraph Hue, Mobile to New O r le a n s .......
W harf Improvements, Mobile, Ala
...............................
FI v protection - Montgomery, A la..................
655 39
New Orleans. La ................. 1,636 71
Penwicola, Fla
................. 7 -4 85
East St Louis, 111................... 565 95

V. Securities Owned by tne Comp»ny.
VI Gross Earning*. O jtr i mg Bxp., and Net, by months,
; VII Gross Barring*, O Derating E*p . and Net,*nm«n»ri*«d.
CAPITAL STOCK.
There has been no change in the Capital 8 ock rhm year;
the am u»d is $"*5,090.0 g)
lo clu fct in this amount is |2,200(88* held in the trea-ury. The additional increase of
$5,000,000. which was authm z d No ember 8, 1393, has not
Sundries ................. ............. ...................... ...........................
been issued.
BONDED DEBT.
The bonded debt a* per T able S o , IV last year-* report,
w a s . . , , . . . . , ................. .....................................................
.679,131,660

??
36 i,273 43

$1,778,429 71
F rom w h ich D educt —
Loss mi Georgia R a ilr o a d ........................... $108,263 58
L esson other roads............... .....................90,024 87
Sinking Fund Payments....... $587,264 62
Less market, value o f securit­
ies reeeiv. for a part thereof 412,264 62
------------------------------------ 175,000 00
Unfunded D iscount.......................................
6,887 25
B alance o f advances to South & North
Alabama Rallro.td C om pany....................
697,669 02
----------- 1,077,844 72

m

V I .—L ink* in w h ich this C om pa rt i * I nterested as
O w n er o r a M ajority o r t h e C apital Stock is
t h e Com pa ny th at O perates th e Ro a d :
Noahvlll •Ch itanuoga A St. Louis R ailw ay...................... 902*09
N asuviil- F lo re tl- *
R ailw ay.............................101 83
Header-ton Bridge A Commoting T rack............................. 10 08
-------- 1,016-98
V I !.—L ives in which this I' om i ant t* interested as
J oin t L essee w ith the cen tra l RR- Co. o r O eoroia :
G eorgia Railroad and Depend.:ole* .....................
72100
V III.—L ink* o w n e d r o t s o t O pe r a te d by tiu * Co m pa n y :
CeelUa B ranch...................... ....................................... ......... Art-00
Clarksville 4c Princeton B ranch.................... .................... 20-70
----------00-70

Net Earnings.......................................................................
A dd —Incom e from Investm ents ....................

which

T ota l.............................. .......................................................
CONSTRUCTION ACCOUNT.
N ash ville St D ecatur R a il r o a d .
S ide T racks —
W ale*................................................................. $724 14
Prospect............................................................
660 59
T hoim w on... .............
432 08
Cleburne............................................................
94 24
Buford ................................
207 50
lOTfinVtUe.........................
450 59
G odw in.............................................................. 26b 84
CaUendar..........................................................
23 01
Pleasant G rove...............................................
42 06
Roy nolda...........................................................
181 51
L e-tcrs ..................................................
103 51
State Line, A la ................................................
125 62
B uildings Now depot at Callondar, T en n .....................................
R ail » —
Value o f the difference in weight o f 70-lb. steel
rail* replacing rail* o f lighter w eight.....................
Feuotng ou line o f ro a d .......................................................

8 1 ,5 0 0 0 0

56,773 44
4,515
3,598
10,974
25,384
10,932
25,405
34,700
525
50,077
809

57
74
89
70
36
87
96
00
66
60

41,997 00
3.999 59
2,500 00
1.082 58

3,652 90
442 79
$279,583 55

$3,314 09
127 92
7,578 78
253 96

$11,275 35
T ota l............................................................................
COST OF ROAD AND EQUIPMENT.
Coat o f road Juno 30, 1894, w a *$ ... 106,325,490 89
T o Wittott ad d th e Follow ing —
H ender-on Belt R R ........ $1,248 01
Clarksville M ineral....... 17,438 19
New and Old Docaiur
Bolt & Terminal R R ..
16 10
---------------18,702 30
$106,344,193 19
P

rom

W

h ic h

Xi e d u c t —

Pensacola Sc Selma Railroad—Land sold and cred­
ited to this a ccou n t......................................................

155 00

Total cost to June 30,1895, a* per Tabic No. III.$100,344,038 19

THE CHRONICLE.

614
STEEL AN D IKON RAILS.

A t close cf year ended June 30, 1894, there were in tracks*
Steel rails....................................................... - ........2,766*55
Iron rails..................................................................
1G7-11
-------------- 2,933*60 miles

[VOL. LXI,

GUARANTIES FOR OUTMDE COMPANIES, ETC., 1895-96.
Joint lease o f the Georgia RR. with the Cent. RR. Co. o f G e o r g ia Total yearly rent under lease........................................................ $600,000
Louisville A Nashville RR. Co.’s liability for half rent.......... 300,000

By reference to the general results statement it will be seen
that there was a loss on this lease for the past year of $108,During the year there were 136 72 miles of track relaid with 263 58.
new steel rails, to replace old steel, at a cost of §199,683 71.
Southern Div. Cumberland A Ohio RR., guaranteed interest. .$2 1,00 0
Of this amount there was charged to Operating Expenses
Nashville F lorence A Sheffield R y., $2,096,000 of 5 per cent
§192,104 93; of which $40,264 01 represents the difference in
bonds, guaranteed interest........................................................... 104,800
weight of rails, replaced by heavier rails, the cost of which in
BONDS IN TH E SINKING FUNDS.
previous years has been charged to Construction Account, and
The trustees of the Memphis Clarksville & Louisville Rail­
$7,578 78 has been charged to Construction Account Nashville
& Decatur Railroad. 17 07 miles of old steel from main lines road Company First Mortgage hjld the following bonds for
was used to replace old iron on branches. There are in track, the Sinking Fund :
117 Louisv. A Naskv. RR. Five p. c. Trust Bds., $1,000 ea ch .$117,000
therefore, on June 30, 1895 :
18 L. A Nasliv. RR. Gen. Mort. Bonds, Six p. c., $1,000 each 18,000

Steel rads.................................................................. 2,783*02
Iron rails..................................................................
150*04
T ota l........................................................................................

2,933*06 m iles

Of the new steel laid *09 mile is of the 60-lb. pattern and
•06 mile is of the 68-lb. pattern, and 136*57 miles of the 70-lb.
INTEREST CHARGES F O R 1895-96.

Interest charges against Income are estimated as follows :

11 Pensa. A Atl. RR. First Mort. Bds., Six p. c., $1,000 each 11,000
14 Naskv. Chattanooga A St. Louis Ry. First Mort. T racy
City Branch Bonds, Six p. c., $1,000 each........................
14,000
30 Nasliv. Chattanooga A 8t. L. Ry. B on A ir Branch Bonds,
8ix p. c., $1,000 each ............................................................... 30,000
93 Nasliv. Florence A Sheffield Ry. First Mort. Bonds, Five
p. c., $1,000 each ...................................................................... 93,000
58 South A North Ala. RR. Five p. c. Consolidated M ortgage
Bonds, $1,000 each..................................................................
58,000
208 Louisv. A Nasliv. RR. Unified F ifty-year Four p. c. Gold
Bonds, $1,000 each.................................................................. 208,000
64 Nasliv. Chattanooga A St. Louis Ry. First Consolidated
M ortgage Bonds, Five p. c., $1,000 each...........................
64,000

Bonds Out­ Am ount
standing. o f Interest.
Consolidated M ortgage B onds, 7 per ce n t.......... $7,070,000 $494,900
C ity o f Louisville, Lebanon Branch E xtension
1,000
Bonds, 0 p er cent, due October 1 5 ,1 8 9 3 .........
T otal................................................................................................. $613,000
640,320
General M ortgage Bonds, 6 per ce n t................... 10.830.000
The trustees of the South & North Alabama RR. Co. Sterling
248,784
Mem. & Ohio RR. Sterling Mort. Bds., 7 p. c ___ 3.500.000
120,424 Mortgage hold the following bonds for the Sinking Fund :
Mem. Clarksv.A Lou. RR . Ster. Mort. Bds., 6 p.c. 1,990,660
46.200
680,000
Cecilia Branch First M ortgage Bonds, 7 p. c . . .
30 South A North A labam a RR. Sterl’g Mtg. Bond, 6 per c t . . $30,000
Evans. Hen. A Nash. D iv. 1st Mort. Bds., 6 p . c. 2.157.000
127,800
34, ^OO 235 Louisville A Nashville RR. 5 p. ct. T rust Bds, $1,000 each 235,000
580.000
P ensacola Division First M ort. Bonds, 6 p . c . . .
5 Louisv. A Nash. RR., Pensacola Div., 1st M ortg’e Bonds,
90.000
L ebanon-K noxville Branch Bonds, 6 p. c .........
1.500.000
6 per cent, $1,000 ea ch ...........................................................
5,000
210,000
Southeast A St. L. Div. 1st Mort. Bonds, 6 p. c ..
3.500.000
43 Louisv. A Naskv. RR. Gen. Mtg. Bds., 6 p. ct, $1,000 each 43,000
Southeast & St. L. D iv. 2d Mort. Bonds, 3 p. c ..
3.000.
000 90.000
191 Pensacola A Atl. RR. 1st M ort. Bds., 6 p. ct, $1,000 each. 191,000
L ouisville A Nashville and South & North A la­
117,600
bam a RR. Trust D eed Bonds, 6 p . c .................
1.960.000
T otal.................................. ...........................................................$504,000
L ouisville & Nashville and M obile & M ontgom ­
160,620
ery Ry. Trust Deed Bonds, 6 p. c ......................
2.677.000
The trustees of the Nashville & Deca’ ur Railroad Company
000300,000
New Orleans A M obile Div. 1st Mort. Bds., 6 p.c. 5.000.
000 60.000 hold the following bonds for its First Mortgage Sinking Fuud;.
New Orleans & M obile D iv. 2d Mort. Bds., 6 p .c. 1.000.
271,860
T en-forty Adjustm ent Bonds, O p . c ..................... 4.531.000
Lou. Cin. A Lex. Ry. 1st M ort. Bonds, 7 p. c . . . 2.850.000
199,500 200 Nash.A Decatur RR. 1st Mort. Bonds, 7 p. ct, $1,000 each .$200,000
91 Louisv. A Naskv. RR., Pensacola Div. 1st. Mortg. Bonds,
Lou. Cin. & Lex. Ry. 2d Mort. Bonds, 7 p. c . . .
892.000
02,440
6 per cent, $1,000 each ...........................................................
91,000
3.258.000
Lou. Cin. A Lex. Ry. Gen. Mort. Bonds, 6 p. c ..
195,480
90 Naskv. Chat. A St. L. Ry. 1st Mor. 7 p. c. Bds, $1,000 each 90,000
P ensacola A Selma Division Bonds, 0 p. c ......... 1.248.000
74.880
69
Naskv.
Chat.
A
St.
Louis
Ry.
1st
Cons.
Mtg.
Bonds,
5
per
Pensacola & A tlantic RR. 1st Mort. Bds., 6 p. c. 2.870.000
172,200
cent, $1,000 e a c h ...................................................................... 69,000
F ive per cent First M ort. Trust G old B onds___
5.129.000
256,450
3 Nash. Chat. A St. L. Ry., Leb. Br. Bds, 6 p. c., $1,000 each
3,000
First M ort. 5 per cent Fifty-year Gold B on d s.. 1.764.000
88.200
70
Tennessee
State 3 per cent Bonds, $1,000 each................... 70,000
Unitied F ifty-year 4 per cent Gold B onds......... 15.324.000
012,960
29
So.
A
No.
Alabama
RR.
5
p.
c.
Con.
Mort.
Bds,
$1,000
each
29,000
K entucky Cen R y. 1st Mort. 4 p. c. Gold Bonds. 0,742,000
269,080
4 Nashville Corporation Bonds, 6 per cent, $1,000 ea ch ___
4,000
M aysv. <* Lex. RR. Northern Div. 7 p. c. Bonds.
400.000
28,000
18,000
36 Nashville C orporation Bonds, 6 per cent, $500 ea ch ........
L ouisville Ry. Transfer 1st M ort. Bonds, 8 p. c.
280.000
22.880
1 Nashville Corporation Bond, 6 per c e n t.................................
300
2 Nashville Corporation Bonds, 6 per cent, $100 each .........
200
$90,751,660 $5,001,978
2
Nashville
W
ater-W
orks
Bonds,
6
per
cent,
$500
each
.......
1,000
F r o m W h ic h D e d u c t B o n d s I n c l u d e d in
13 Louisv. A Naskv. RR.Unified 50-year 4 p. ct. Gold Bonds,
A b o v e ; D e p o s it e d w i t h T r u s t e e s .
$1,000 e a c h ................................................................................
13,000
T o secure Ten-forty A djustm ent Bonds —
2 Louisv. A Nash. RR. Con. Mtg. Bonds, 7 p. c., $1,000 each.
2,000
$90,000
L ebanon-K noxville Branch Bonds, 6 p . c ....... $1,500,000
28
Nash.
Chat.
A
St.L.
Ry.,
Bon
A
ir
Br.
Bds,
6
p.c.,
$1,000
each
28,000
Louisville & Nashville and M obile & M ont­
2 D uck River V alley R R . 8 per cent Bonds, $500 each ........
1,000
gom ery R y. Trust D eed Bonds, 6 p. c ............
2,677,000
160,620
4 Duck River V alley RR. 8 p er c^nt Bonds, $1,000 each___
4,000
Lou. Cin. A Lex. Ry. Gen. Mort. Bonds, 6 p. c.
3,208,000
192,480
3 Duck River V alley RR. 1st M. 6 p. cent Bds., $1,000 each.
3,000
P ensacola A Atl. RR. 1st M ort. Bonds, 6 p. c.
1,000,000
60,000
Pensacola A Selma D iv. 1st M ort. Bds., 6 p. c.
898,000
53,880
T otal............................................................................................. $626,500^
P ensacola & Selma Div. 1st Mort. Bds., 6 p. c.
(also as part collateral for. Ga. RR. L e a se .. .
350,000
21,000
The trustees of the Louisville & Nashville and South &
$577,980

North Alabama Railroad Trust Deed hold the following
bonds for the Sinking Fund :

$81,118,660 $4,423,998

66 Louisv. A Naskv. RR. 5 p. cent Trust Bonds, $1,000 each. $66,000
27 Louisv. A Nasliv. RR. and South A North A labam a RR.
Trust D eed Bonds, 6 per cent, $1,000 each........................ 27,000
131 Louisv. A Naskv. R R . Unified 50-year 4 p. c. G old Bonds,
$1,000 each................................................................................ 131,000

$9,633,000
F rom which deduct to secure Lou. & Nash, and
South A North Ala. RR . Trust D eed Bonds
fo r $1,960,000, included in fo reg oin g ...........

1,960,000

117,600

T otal L ouisville & N ashville R R . C o.........$79,158,660 $4,306,398
Naskv. A Decatur RR. 1st M ort. Bonds, 7 p . c . . $2,100,000 $147,000
Nasliv. A Decatur RR. Stock, guaranteed 6 p. c.
2,322,58*2
139,924
South A N orth Ala. RR. Ster. Mort. Bds., 6 p. c.
3,918,800
236,302
South A North Ala. RR. 2d Mort. Bonds, 6 p. c.
2,000,000
120,000
South A North Ala. RR. Consol. Mtg. Bds., 5 p. c.
3,958,000
197,900
Owensboro A Nasliv. Ry. 1st Mort. Bds., 6 p . c.
1,200,000
72,000
Shelby R ailroad R e n t..............................................
15,000
15,000
$15,514,382

$928,126

L ouisv. A Naskv. RR. m ort. debt and in terest..$79,158,660 $1,306,398
M ort. debt, int. A rent o f other Cos.in the system 15,514,382
928,126
$94,673,042 $5,234,524
F r o m W h ic h D e d u c t :

Int. on Lou. A Nash. RR. Bds. in Treasury___
Int. on Owensboro A Nasliv. Ry. First M o rt­
gage Bonds in the Trust....................................
R ent o f Cecilia Branch.........................................
R ent o f portion o f Clarkesv. andPrinceton Br.

$138,060
72.000
60.000
12,010
282,100

Total estimated interest charges fo r 1894-95................. $4,952,424
PAYM ENTS ON ACCOUNT OF SINKING FUNDS, 1895 96.
Mem. Clarksv. & Lou. RR. S terling— A ug. 1, 1895..$37,133
Mem. Claiksv. A Lou. RR. S terling__ Feb. 1, 1896.. 12,833
P ensacola D ivision.................................... Sept. 1 ,1 8 9 5 ..
8,000
Louisville A N ashville and South A
North Ala. RR. Trust D eed ...................Oct. 1. 18 95.. 20,000
E vansv. H enderson A Nasliv. D iv .........Dec. 1 ,1 8 9 5 .. 44,000
Lou. Cin. A Lex. Ry. First M ort...........Jan. 1, 18 96.. 50,000
Lou. Cin. A Lox. Ry. 8econd M ort........Jan. 1, 1896.. 10,000
Pensacola A Atlantic R ailroad............. Feb. 1 ,1 8 9 6 .. 41,020
Cecilia B ranch........................................... Mar. 1 ,1 8 9 6 .. 40,000
General M ortgage.....................................June 1 ,1 8 9 6 . .248,253
------------$511,239
South A North Ala. R R . Sterling..........Nov. 1 ,1 8 9 5 ..$ 4 2 ,4 8 6
South A North Ala. RR. ste rlin g ..........Dec. 1, 18 95.. 53,460
South A N orth Ala. RR. S terling.......... M ay 1, 18 96.. 42,486
Nashville A Decatur R ailroad............... A pr. 1 ,1 8 9 6 .. 19,000
----------- 157,432
T ota l....... ......................................................................................... $668,671

T otal............................................................................................. $224,000
EQUIPMENT.

The equipment at the close of the year ended June 30, 1895,
consisted of twenty thousand, one hundred and four cars,
and 540 locomotives, as will be seen by the following state­
ment.
There has been charged to Operating Expenses for the year
ended June 30, 1895, the sum ot' §2,135 392 68 for account of
building and maintenance of equipment. This amount is
made up of §1,632,413 35 expended during the year, and
8502.979 33 of deferred renewals, which will be expended
during the succeeding year. The above charge shows an in­
crease of §136,731 38 in excess of the charge for the year
ended June 30, 1894.
There were built in the Company’s shops, and charged to
Operating Expenses, twenty-two cars, consisting of three
baggage, one postal, three express, two box, ten flat, one
gondola drop bottom, one coke, one furniture car, and one
pile driver. This makes the equipment July 1,1895, as follows:
C a r s . — A t the close of the fiscal year ended June 30, 1894,
The company ow n ed ...............................................................20,583
T o W h ic h A d d :

Bought and built during the y ea r........................................
23
-----------

20,606

F r o m W h ic h D e d u c t :

Cars destroyed during the year—
Passenger cars......................................................................
Freight cars...........................................................................
Pile d riv er..............................................................................

13
488
1

502

On hand July 1, 1 8 9 5 ....................................................................

20,104

L o c o m o t iv e s . —At

the close of the fiscal year ended June

30, 1894,
The Company ow n ed ..............................................................

563

F r o m W h ic h D e d u c t —

Condemned during the y ea r.................................................
On hand Ju ly 1, 1895.......................................................

23
540^

THE CHRONICLE.

October 5, 1395.]

615

B irmingham M in eral R ailroad Co m pa n y .
In order to rpetuate the equipment, there ha3 been pur­
14
chased, to ^e d. Uvered tuosi quent to July 1, 1895, the follow ­ Locom otives.......
15
15
14
5
7
Passenger ears..
ing equipment:
Freight cars....... 1,280 1,2*87 1,277 1,,260 1,252 1,241
Locom otives...................................................................
C m ............ ..................... ...............................................

15
950

The cost of which has been charged to Repairs during the
year 1894-95.
For comparison your attentiou is called to the following:
tabl. s, showing the number of locomo'ives, passenger ar d
freight cars on hand at the close of each of <he past sev< n
fiscal year**:
L o u is v il l e A N a s h v il l e R a il r o a d C o m p a c t .

’88-89. *89-90. *90-91. *91-92. *92-93. *93-94. *94-95.
L ocom otives.......
428
457
477
511
534
549
526
Passenger c a r s ..
330
330
347
415
448
448
433
Freight cars....... 12,215 13,95 1 14.108
16,100 17.296 1N117 17.972

14
1,226

N ashville F lorence & Sh e ffie ld R a il w a y Com pa n y .
2
2
2
2
Locom otives.......
2
2
2
""*2
2
2
Passenger cars..
475
480
478
485
482
488
Freight cars.......

’ "*2
471

Your attention is called to the table below, showing the
excess mileage paid and received on foreign cars.
Excess paid. I

1SS5-86......................... $22,86$ 38

1886 8 7 .....................
172,000
18878 8 ............... 169,545
1888- 8 9 ..............
113,107
1889- 9 0 ......................... 134,480
1890 9 1 ......................... 168,636

1891-92..................
0 0 '1 8 9 2 -9 3 ...................
04 1
26 |1893-94..................
00 I
97 |1894-95...................

Excess p a id .
.$158,046 41
,. 90 ,761 01
Excess vcc'd.

22,243 30

Excess paid.
5,206 52

PASSENGER AND FREIGHT TRAFFIC STATISTICS.
TOTALS AND AVERAG ES FOR TH E Y EA R 1894-95 COMPARED WITH TH E PREVIOUS YEAR.
F eu C

No.

NO.

P a s s e n g e r T r a f f ic .

Increase.
1.
2.
3.
4 ..
5
6 ..
7 ..
8..
9 ..
1 0 ..
11..
12.
13..
14 ..
15 .
16..
17 . .
18 . .
19 .

Number o f miles run by trains...........................
iNumber o f miles run by curs..............................
INtimber o f car* tn each t r a in ...........................
Number o f pa-sengm * carried ........................
.iNumber o f miles each pMmeiu^r was carried.
Number o f poaacnitcn carried one m ile..........
. iNumber o f passengers carried In each train
1Number o f jMMae&gera ea* r l « l in each c a r .. ...
..Earning* from p»**enger trains.........................
E rp en «f* o f pasaenger trains .............................
Net earnings fn*n» passenger trains.................
.Karnimrs jmt mile o f r o a d .................................. .
Expense* per mile o f road .........- ........ ................
Net earning* per mile o f road — ...............
. Earning* per train mile .......... .........................
Expense* per train mile.......................................
Earning* i>er car mile

-<a).

.....

rut-

5.182,223
26,442,393
510
5,095,574
36*40
185,640,064
35*77
10*92
$5,443,083 59
$3,613,524 10
91 390.559 i;>
$1 ,$41 38
$1,222 45
♦618 93
$1 05031
69*730
35*304
20*585

2 0 .. . Net earning* per car mile ..................................................................cents

21.

22. .

23 .

Earning* per passenger .............♦ .................................... <&>......... cents
Earnings per passenger per mile
.................................................cents
Percentage o f expense* to passenger e a r n in g s ..........

6*919
85*76
2*35
66*39

*8860
5,136,714
26,217,449
*6580
5*10
5,152,410
36*10
•8310
192,098,210
37*41
10*42
$5,676,104 68
*0692
$6,611,02? 45
$2,005,077 53
$1,920 21
$1,221 00
*0696
$698 01
$1 10-501
70*299
40*202
21*050 ................
7-877
*9-30
2*10
63*62

4-3540

1*1031
3572
3839
8388
1053
4048!
1053
4055
9475
8108
1835
9423
7769
1620
9642
0833

... 3
..4
... 5
... 6
... 7

... 8
... 9
..1 0
. .11
..1 2
.1 3
..1 4
.1 5
...1 6
..1 7
..1 8
. 19
..2 0

..21

22
;.2 3

F r e ig h t T r a f f ic .

24.
25
26
27
28

20.

30 .
31 .
32
33 .
34 .
35 .
36
37.
38.
39
40.
41.
42 .
43 .
44
45
46 .
47 .
49
49
50 .
51.
52 .
60 ..
54 .
55
56.
57 . .
59 . .

Number o f mile* run by tra in s........... .........................
Number o f miles run by car*, lo a d e d .............................
-f miles run by car-, em pty ........ .....................
Number o f miles run by ear*, loaUrwl and em pty .......
,Nunits*r o f ears loaded In each train ...........................
r ear* em pty In each train
Number o f car* loaded and empty in each train
—
Percentage o f loadr*! car mll<*ac» Uj L»t*l car mileage
Percentage o f empty ear mileage to total car mileage
, Number o f miles run per car per d a y ...................
Number o f tons e arrlw . ..... ...................................
Number o f ton* carried one mite ... .................
Number o f mile* r ach ton was carried.................
Number o f tons In each loaded c a r .......................
Number o f ton* iii each loaded and em pty car .
(Number o f ton* in each train ............................ .
Earning* from freight train*....................
Expense* o f freight trains......................................
Net earning- from freight tra in s............. ............
'Earning* per mile o f r o a d ........ . . . . . . . . . . . . . . . . .
Exp* n«e« per mile o f r o a d . . . . . ................. .............
Net earnings per m il* o f r o a d ................................
Earnings per train m i le .............................. ..
Expense* per train m ile ........
. . . . . . . . . _______
Net earning* per train m ile............. ......................
Earning* per ear m ile....................
.......... .
.Expense* per ear mile ..................................
Net earning* per car m ile ........................................
Earning* per t o n ........ .................................
Expense* per to n .......................................................
Net earnings per ton .............................................
Earning* per ton per m ile............... ......................
Expenses per ton per m ile............... .....................
Net earning* per ton per mile . . . .
...............
Percentage o f expanses to freight earning*
"I Express.
l/i) Ex*

if).

8,590,405
8,079,480
120,2112,413
111,812,300
50,088,827
52,903,517
l< ll,u ol,i:i:i
173.195,930
18-84
14*00
6*20
6*16
20*01
20*16
69*06
69*45
30-04
30*55
23-40
24*90
9.433,098
10,630,749
1,398,679,019
1,529.? 12.676
79
79
12*71
12*51
8*83
8 04
173*1*2
177*95
$12,135,410 90
$12,933,251 39
$8,064,248 93
$8,252,757 42
$1,182,059 18
$4,209,002 40
$I.2U6 67
• $ 1,375 28
$2,791 o;>
$2,931 09
*1.444 111
• 1,414 fi~
$1 53-914
$1 50*554
$1 0 2 1 4 5
$1 00*859
. 1*709
49*695
nit*.

ce n ts,
ceoU
.e « ,t»
.c e n t*
c e n ts
.c e n ts
ce n ts

Express.

7*467
5*003
2*461
$ 12 1-0 50
81*502
40 1 5 7
0*840
0-507
0-279
66*99

6-3245
7*5842
5-6104
0-9703
11501
•5088
5647
6 -iip i
12-6891
1-5987
2*1991
2*7900
4*0034
4*0801
2-0048
4 0032
2-0043

7 «iMl .................
5 0 9 8 ...............
2*563 ...............
$1 3 1 * 8 1 9 .................
87-4 8*2 ...............
44*337 .................
0-889 .................
0-590 ...............
0-299 .................
00*30
-9494

...24

...2 5
...2 6
...2 7
...2 8
*6452 j ...2 9
...3 0
...3 1
1*2605 ...3 2
...3 3
...3 4
...3 5
...3 6

...37
...3 8

...39

...4 0
...4 1
...4 2
...4 3
...4 4
...4 5
2*1830 ...4 6
1*2590 ...4 7
4 ’0063 ...4 8

2*7861
1 8831
1-6070
7*70 75 ... .52
0-8357
9-4278
1-6369 . . .
3-80H3
6*6889

.5
(r) Exclude* Freight on C om pany's -mi p piles.

JGahjUM RR. Co. of $0)7,069 02. The btlance to the credit
G E N E R A L REMARKS.
of Income Account. $700,581 99, hat been transferred to the
cojwTRrmo* a c c o u n t .
Thi* Recount was closer! July I, 18N, since which time ihe credit of Profit and Lit* Account.
The Director, have re-valued the a«eta of the Company,
Item* hereto'otv cb»rg**.| to ttaii Recount hive ba**n charged
to Operating Expense* under the suVaccount of Im p r o v e m e n t and have Charged all lo a n an i SO -cunts and advances consi
ii
red unc dlectible !o Profit and L m , The b alanee to the
Account. The details of this aciount, amoan iog to *279,
credit of Pr >Ht and Lo » June 31). 1$9>, is $710,317 97.
583 51, app- ar at length in tnis report.
By order of the Board of Directors
All improvements and l> tt- rnients upon the Nashville.tr
AUGUST BELMONT, Chairman.
Decatur Railroad, un ler the term- o f the lea*e, nr-» t* be set­
M.
H. 8 VIITH, President.
tled for at the end of the lease, therefore the C o n stru ctio n
Account of Die N*shvtMe,£ Decatur RR. Go. U continue I, and
the amount charged to this account amounted to 411,275 35.
REPORT OF THE COMPTROLLER.
C H n u m t l OHIO A SMlfTHWKSTKRS RR.

The suit of the Comro juw* alth of Km tucky. brought to | A c c o u n t in g D u f a r t m e n t L o u i s v i l l e & N a s h . R R . C o . )
L o u i s v i l l e , September 16, 1893.
)
wijoio thia Uotnunny fr>m pttrdiMi i; iha pr ip-rti h o' the
CtHMpntk* Ohio Sc Hot. hirw i m H t , haa been d.ci I*1! in Mr . M. H. S mith, President:
1 submit )v-rewitn statements showing the financial cindifavor of lb . S:»t-- nf Kentucky. Under a writ of error thaction li»« f»*n removed u» the Supr-m •Cjurt o ' the U bed lion of the C imp toy, ami the results from operation for the
Statea. An ea^y hearing i» esp -c ed. and it ie believed » year ended June 8 1, 1835. as sho v i i i the f (Mowing tables :
derision favorable to lb j Oonipiny wdl b* finally reached.
No. I. —Income Account.
No. It.—Profit and Loss.
No. III.—Gen’l Balance Sheet. No. IV .—Bonded Debt.
income * * n ra o riT A*t> t o m t c r o c s i * .
V.—d-curi'ies owned by the C unpiny.
Income Account hn» heen charK»d with the ditT -reoc •be­ No.
tween the Sinkiig Fund p i y u 'n b and market value of inour- No. V I.—Gross Earn., Operating Exo , and Net, by months
itie* receive ! for the n n o t u Sinking Fuad*. amounting »o No. VII.—Total Earnings, Operating Expenses, and Net.
Verv respectfuilv.
$!?■->,o*K>: a l» o the winiiil j.r^.rit •di* xinnI on bon la pretio i»ly
C u s h m a n Q j a r r i s r , Comptroller.
•old, $0,$$7 "IS, and the bilanci of advance, to South & North

THE CHRONICLE.

616

[V o l . L X I.

TABLE NO 1.
INCOME ACCOUNT, JUNE 30, 1895.
G

ross

E

„

a r n in g s

Loss on Georgia RR.lf'a-^e. $L08f263 58
Loss on other road ', which
90,024 87
is a claim against-them ..
Sinking fund
paym ents... $587,264 62
Less market
value o f se­
curities re- •
reived for a
part thereof 412,264 62
------------------- $175,000 00
U uf’uuled D iscount............
6,887 20
Balance o f advances to S. <fc
N. Alabama RR. Co........
697,669 02

n £ l0 o .

fr o m fr'iirlit...............................................** 4’ 370 1 8 3 9 4
039.1 3 9 s o
From ( x p r e s s ............................................
From m iscellaneous— ...........................

319 727 36

Total earnings................................................................

$19,275,993 79

D E D U C T O PERATT NO E X P E N S E S —

Conducting transportation........................$o,96a,-,32 16
Maintenance o f e q u ip m e n t .................... o
09
Maintenance, or way and structure.......... 2,117,809 03
General expen ses......................................... - , l - l , » o a to
Total operating expenses, 63-69 p e rc e n t.................

12,277 .;7 3 03

N et earnings from traffic, 36-31 per cen t...................
_F rom -which deduct:

$6,998,220 76

F ix k d C h ar ge s—

_

6,660,90919

.........................
Net earnings.......................................................................
To which a d d :
Incom e from Investm ents......................................................

^

Net incom e for the year transferred to the credit o f
profit and loss account..........................................................

Interest and ren ts..............$5 - ? ia ’Z25 12
.........................................
.......... I----------$5,583,064 47

TABLE
PR O FIT

1,077,844 72
---------------------

AND

NO.

30,

D E B IT tf.
Ten per cent premium on bonds redeemed for Sink. Funds. $27,900 00
Sundry Stocks and Bonds reduced to market v al ve.............. 24,500 00
Non collectible accounts charged o f ................. - ......................
Balance to credit o f Profit and Loss, J u n e jo , i8gs....... ......... 716,217 97

$859,066 63

TABLE
BALANCE

NO: III.
SHEET JUNE

STOCKS O W N E D —

Nashville & Decatur R ailroad S to ck ....
O w ensboro & Nashville Railway -t o o k .
N ashville Florence & Sheffield R y.stock
Birmingham Mineral Railroad s t o c k ...
F lkton A Guthrie Railroad stock ........
M obile A M ontgom ery Railway S tock..
South & No. A labam a RR. Stock (com.)
Birmingham R olling Mill Co. s to c k .......
South Carolina Terminal Co. S tock.......
Sundry Railroads and other S tocks.......
M a t e r ia l
M a t e r ia l

$531,000 00
1,997.000 00
266,400 00
50.000 00
34,400 00
29.000 00
25.000 00
925.000 00
267.000 00
12,500 00
275,100 00
970 00
128,250 00
26,630 94
$920,026 01
57,601 77
1,738 00
159,250 00
15,175 00
10,543 20
17,479 06
34,600 00
241.000 00
63,998 84

a n d S u rs .—I n Sh o p s a n d o n L in e
in P r i v a t e S id in g s , P r o p e r t y

o r R oad
o r C o ...

Stock issued................................................. $52,708,620 00
C a p i t a l S t o c k L i a b i i .I 'Y .

Original stock and sub. divs. unissued..
Scrip issued In stock dividends...............
Unlisted capital stook.............................

$88-861 80
7.518 20
2,200,000 00

$2,291,380 00
Total capital stock and stook liability....................... $55,000,000 OO

4,568,250 94

1,521.411 88
1,374.927 42
69,188 31

TRUST ACCOUNTS.
S t o c k s a n d B -' n d s h e l d in T r u s t b y t h e C e n t r a l
T r u st C o . o f N. Y .. T r u s t e e , f o r T en -F o r t y A dj u s t m e - t M o r t g a g e h o - d s a n d U n if ie d F if t y y e a r f o u r -p e r - c e n t G o l d M o r t . b o n d s ,, v i z j

Lou. ANash. Leb. A K 11. 1 r. B’nds, 6 p .c . $1,500,000 00
L ou.A Nash. Pen A -e l.D iv . - ’ n d * ,6 p .c.
898.000 00
Lon. A Nash M .A M ont.D iv. R’n d s,6 p .c. 2,677,000 00
Lou. A Nash. Lou. Cin. A Lex. Ry. Co.
General M ortgage Bonds, 6 p. c ......... 3 ,-08,0 00 00
P ensacola A A tlantic RR. Bonds. 6 p. o.
900.000 00
A labam a Mineral RR. Ronds, 4 p . c . .. . 1.650,010 00
Stock in Louisv. Cin. A Lex. Ry. Co ..
3,070,959 75
Stock in So. A No. A1 bama RR. C o—
1,125,500 69
Stock in M obile v Montg. Ry. C o .. . . . . .
3
J.7
Stock in South-East A -T. Louis R y. Co.
29d.00<> 00
Stock in Ponteharirain RR. C o ...............
__7'5g 7 87
8’ ock in Nash. Chat. A st. Louis R y ---5,355.o38 75
Stock in Owensboro A N a s h '. Ry. C o...
250,728 48
Stock in Henderson bridge C o...............
99
Stock in Pensacola RR. Co ....................
,2 -2 5 9 9 9
Stock in Louisv. Hy. Transfer C o .. . . . . .
47,062 o4
Stock in Birmingham Mineral RR. C o ..
690,410 00
Stock in A labam a M ineral RR. C o . . . . . .
225,010 00
Stock in Nash. Florence A Shef. Ry. Co.
6<>,60n 00
Stock in Hendeison Belt RR. C o............
1J,750 00

BONDED DEBT.
General M ortgage Bonds, 6 per cen t.. .$10.836,000 00
Consolidated M ortgage Bonds 7 p. c.... 7 ,0 7 0 .'0 0 00
Ten-forty Adjustm ent Bonds. 6 p. c . .. . 4,531.000 00
Unified 5 0 -y e a r 4 p .c. Gold M ort. «onds. i o . 324 ,000 00
M C l a r k s v . A L . R R . 1st M. Bonds, 6 p. c. 1 ,9 9 6 .6 '0 00
3,500.000 00
Mem. A Ohio RR. 1st M. wonds, 7 p. c ..
000 00
N. O. M. A T. Dly. 1st M. Bonds, 6 p 0. 5.000.
000 00
N. O. M. A T. D iv. 2d M. Bonds, 6 p . 0.. 1.000.
2.870.000
00
Pen. A Atl. RR. 1st M. Bonds. 6 p . » . . . .
580,COO 00
Pensacola Div. Jst Mort. Ronds, 6 p. 0.
680,000 00
Cecilia Branch 1st M ort. Bonds, 7 p. c..
2.157.000 00
Ev H. A N. Div. 1st M. >-onds, 6 p. 0...
Ij-Bo n d ;:“ p
. M: . R y: T.ni8t. De.
S -E A St L. D iv. 1st M. Bonds, 6 p. e . .
FOE. & st. L. Div. 2d M. Bonds, 3 p. c ..
Leb. A K n ox. Br. Mort, Bonds, 6 p. o . ..
Pens. A S. Div. 1st M ort. Bonds, 8 p. 0.
L. Cin. A L ex. Ry. 1st M. Bonds, 7 p. o.
L. Cin. A Lex. Ry. 2d M. B ond-. 7 p. c..
L. Cin. A Lex. By. General M ortgage
Bonds, 6 p. c ..................................
City of Louisville Leb. B. Ex. Bonds,
6 per ce n t....................................... , .........
First M. 5 p. c. 50 year Gold Bonds.......
Five per cent. Col. Trust Gold B on d s...
Ken. 0. Ry. F i-st M. 4 u. o. *old Bonds.
Mays. A Lex. RR. N. Div. 7 p. o, Bonds.
Loui-v. Ry. Trans. 1st M. Bonds, 8 p. o.

2 .6 7 7 .000^0
3,500,000 O0
3,00 -.000 00
1.500.000 00
1.248.000 00
2.850.000 00
892.000 00
3.258.000 00
1,000 00
1.764.000 00
5.129.000 00
6.742.0 -0 00
400.000 00
286.000 00

$88,791,660 00
F ro m W h ic h D e d u c t —

Bonds included in the for-g oin g depos­
ited with Central Trust Company of
New Y ork, Trustee, to s cure $1,531,000 T en-fortyA djugtm entB onds, viz.:
f
Lebanon-K noxville Br. Bonds, 6 p. c . .. $1,500,000 00
Louisv. A Nashv. and M obile A Montgomery Ry. Tr. Deed Boi ds, (> p. o . .. 2 ,6 7 /,0 0 0 00
Louisville (in em n ati & Lexington Ry.
noo 00
General Mort. Bonds, 6 p. o . ................
^,2 8,000 00
Pens. & Atl. HR- 1st M. Bonds, 6 P- o ...
1^ 0 0 ,0 0 0 00
Pens. & Selma Div. 1st M. Bonds, 6 p. o.
898,000 00

50i’999

$9,283,000 00

Pensacola & Selma Division First M ort­
gage, Bonds, 6 p. c. deposited with tlie
Farm r’ s Loan & Trust Company of
New York, Trustee, as part, collateral
for Georgia Railroad L ease...................

$25,753,958 70
F r o m W h ic h D e d u c t —

Cost o f Louis'-. Cin. A Lex. R y. Stock,
which having been added to Cost o f
R oad is deducted from this a cco u n t... $3,070,959 7o
Cost o f Ala. Min. RR. rtonds and Stoek,
which having been added to c o s t of
R oad is deducted from this a ccou n t.. 1,875,020 00
Carried forw a rd ...................................
$4,945,919 15

Or

1895.

C A PIT A L STOCK.

R oad, fixtures and e q u i p m e n t ....................................... ^10®’a i o ’3llo 79
R eal estate, quarry and tim ber lan d s...............................
j i 2 , 4 2 j /.)
INVESTMENTS.
T en-forty A djustm ent Bonds, 6 per c t . .
Un’ d 50-yr.4p .c. Gobi M. B’d s,l,9 9 7 B ’ds
Un’d 5 0 -yr.4 p .o.rec’ v e d fo r -s.F.333 B’ds
Lou. C in .& L ex. Ry. Gen. M o r t .,6 p .o ..
Sloss Ir. & Steel Co. 1st M. Bonds, 6 p. c .
Eureka Co. 1st Mold. Bonds. 7 p. e .......
Elkton A Guthrie RR. IstM . B’d s.7 p . c.
Pensa, & Atl. RR. Land Gr. B’ds. G p .c .
Lou. & Nash, and M obile & Moutg. Ry.
Trust Deed Bonds, 6 p. 0......................
So. Iron Co. 1st M ori. Bonds, 6 p. 0---So. & No. Ala. RR. 5 p. c. Con. M. BoDds
PeDsa. A A tl. RR . I stM , Bonds. 6 p. c . . .
L og Mt. Coal Coke & Tim. Co. B’ds, 6 p.c.
Sundry R ailroads and other B on d s.......

30,

L IA B IL ITIE S.

ASSETS.
COST OF R O A D A N D EQUIPMENT.

B o n d s Ow n e d —

$700,584 99

1895.

$859,066 63

G E N ERAL

363,273 42

II.

LOSS ACCOUNT JUNE

CREDITS.
Interest received on Bonds in Sinking Fund.......................... ®3Z’ 9 s i
Protit on B o-d s so ld ............................................... -...... ; ...........
7,281-10
A m ount credited to this accoun t and charged to Income
A ccou nt fo r Sinking Fund p aym en t, fo r which no se­
curities were received, viz.:
Louisville & Nashville, South & North A labam a
Trust Deed M ortgage Smiting Fund.
......$ 2 0 ,0 0 0 00
P ensacola & A tlantic M ortgage Sinking F u n d .. 38,500 00
Cecilia Branch M ortgage Sinking Fund............... 40,000 00
98.500 00
15,355 18
A m ounts realized, from various so u ro e B .. . . . . -..
Net Incom e for the year ended June 3 0 ,1 8 9 5 , see Table
700,584
99
No. 1, transferred to this account............................................

Dr.

$3 37,3 1 1 5 7

350,000 00
$9,633,000 00

$ 1 1 4 ,7 9 0 , 2 4 6 S3

Tw o ten-year F ive per cent Gold Obligations o f 1 9 0 4 ..
Carried forw a rd ...............................................................

79,158,660 00
5,000,000 00
$139,158,660 00

THE CHRONICLE.

October 5. 1895.1

Brought f orward.............................................

$*,945*979 75 $2/4,790.246jj

Co*t o f Hend. B*»lt RR. S t o k . which
having b«en 'titled to * ost o f Road is
tn-ref>* e deducted irom this aceou it.
19,750 00
Cost " f LmuIsv . R v . Trans. stock . which
having be-u add- d to •oat o f Road U
47,062 54
therefor* deducted from this account.
Bonds incl. in Houdcd Debt deposited
with eut. Tr. Co., N. Y., Trus., to so
cure *4,531 000 Ten-forty Adju-4«u*t
Honda. which b a v in ; b«eu deduct**d
from Liabilities (Bonded Debt) is de­
ducted from Oils account, vir.:
Leb. & Ku. Hr. B’d*.d p.c. *1,500,000 00
L. A N. and M. A M. Tr.
Deed Bonds. 6
o pp.. fc ....... 2,677.000 00
P. A. 8. IHv. Bonds, 6 p.c.
898.000 00
Gen. M. Hon is, 6 p. o .. 3,208,000 00
LouUv. • in. A \#x. Ky.
Peu*a. A At. RR. 1st M.
Bonds, 6 per cen t........ 1,000.000 00
------------9,283,000 00
Pena. A Pel. Div. Bonds, 6 p. c., fuel, in
Bouded I >©bt depo tted with Fanners’
Loan A Tr. fu ., N. Y.. Tmatee, as pat t
c « lateral for Om tiria HR. la-iise.
Which having been deducted from Lia­
bilities (Houded Debt) Is deducted
from ihU a cco u n t....................................
350.000 00
fuTe-l3,79'J 29
Bond * h eld is T rust by F armers ’ L h a .N A T rust
Co . « r S. Y.. T ruster , n w T . r n bonds—
Blr. Min. RR. 1st M. Hoods, j p. e ......... 3.929.000 00
0w eu ». A .Yu.li.Ry. l s i M. Bond*, 6 p. e. 1,200.000 00
B onds n e m in T rust by P a r s e r s ’ Loan A T rust
Co . o r X. Y.. T rustee , for G eorgia RR. L ease —
8. Jc X. AIu. RR. 5 p. e. < on. Bo <1». . . . * 0 5 0 .0 0 0 0 0
L. A X. unit P. A a. Dlv. Bonds, 0 p. c ...
35000000
O blioattos * held is T e t s t b t U. 8.T«.IX>..N. Y .,T r l s .:
T w o tc n Five p. e. Gold Obi. o f 1901 for
l>- rly purchased from
P. Hunt
lon and .New. N ew . A Mis*. V. Co *4,500,000 OO
T w o tan 5 p. e. Gold Obligation* o f
1901. fo r ( be*. O. A “ outliw. reorRsn
Izatlon and purchasing co m m itte e ...
500.000 00

617

Brought forw a rd ..............................................................

$ 1 3 9 ,1 3 8 , 6 0 0 0 0

CURRENT L IA B IL IT IE S.
Bills p ayable............................................................................
825,000 00
Pay Rolls for June,’95, payable iu July
$709,609 63
Vouchers for J u u e ,’95, payable iu July
468,712 94
Unclaimed on Pay R olls........................
194,534 07
Unulaimed on V ouchers...........................
85,181 64
---------------------1,458,038 28
Int. on Bonds due July 1 and Aug. 1 ...
$82 ’ ,683 l l
Unpresented Coupons...............................
81,815 50
------------------------------------------ 904,498
Dividends Unclaim ed...........................................................
48,052 8a
Due t o Sundry R ailroads and Persons.............................
363.342 94
OTHER LIA B IL IT IE S.
Due to Sundry Railroads and Persons..
Deferred Renewals o f Equip., Rails,&c.

$136,315 29
638,346 86
774,662 15
716,217 97

Profit and Loss.

11,108,16611

5,12 9 ,0 0 0 00

600,000 00

C

5,000,000 00

B o s du a « d C ash h eld bt T rustee * S in e isu F unds—
*50.0)10 OO
Trust*e«L . a n - A L. Ry. Sink. Fund.
Co. Tr. Co., X. Y „ Tr. U A » . nnd 8. A
If. A. RR. Tr. Utsid Bond* (invested)
198.166 65
Un. Tr. o.. If. V.. Tr. L. A N. and ». A X
A. RR. Tr. Deed Bonds mnlnveste.li
98 31
Union Tr. Co.. X. Y.. to rede, m called
Bonds f * eel Ila Branch........................
10,000 00
Trustee# Mem >*. A 1* RR. ilnvestedi
567,836 63
Trustees Mem. " A t . RR. tunlnvesledi
210 52
CenLTr. Co.. X .Y .Trus ee, tunlnresled)
577 23

856,918 37
L I S . a * d 8. A X. A la . RR. T «. D ee d ai*K. Funn
Bo»i«s R edeem ed :
10.000 OO
ADV A N C E* TO SU BSIDIARY COM PAX 1E l
Xashvtlle A Decutnr R R Co............... ..
*1,017,935 75
Mobile A Montgomery Ry. C o.................
291,031 13
Elktoii A Guthrie RR. C o ......................
71 45
Mammoth Cave R R t o ...........................
5 232 57
8he (Held A Tuseumbla R R C o................
7,178 57
M ontgomery A PrntlYlllo HR. Co. .
7.117 30
*1,331,870 07
A V A ILA B L E ASSETS.
Due from Hratlnn Agents........................
*508 501 62
Net rraRle balance* due Trent other Co*.
69 .121 06
D oe from Adams and Son) h’ n E « p. Coa.
53,217 6!>
Due from U . G overnm ent P .o . Dep't.
184! (Mil 09
Due from Sundry Railroads A Persons
888,123 50
Bills R eeetvalde.......................................
33 .’ .63H 07
Unlisted Capital S t o c k ............................
2, 200.000 00
1,018.128 93
C ash...........................................................................................
399.613 17
OTHER ASSETS
Due from Sundry Railroads A Person*
127,100 8«
Hills R e-elvalile. Land N otes.................
119.52155
BUI* Receivable other N otes...................
106,980 37
*653,911 60
Unfunded Discount A ccount ................................. .
320.581 68
T o ta l........................................ ...................................... *1142418.172 70

T o ta l............................................................................ ,...$ 1 4 1 .4 18,174 76

TABLK NO. IVi
BONDED DEBT JUNE 30. 1895.
D es* a m ion .
C lryof Lmil«vttl*.nroniint Isrhauon Branch Extension Bond*.
Ten f**rtr A'U<i«tmeat Bond*.......................
IsmNrHI* Cincinnati A I s lin g t o n R'y Flr»t M ortgage Bond*
001)0*6Man* I Mortgage, Main Htcra and (tranche*. Bond*
I>*ittortile Railway Transfer ru m pan y R on*l*..............................
Mo nidit* .% ODIn Railroad sterling Mortgage Rondo ............. ...
Memidito Ctef%*v. h, l / « b » . RR. HtoHlii| Mortgage Bond*,
• ‘Otetlla Branch M ortgage Bond*........................... ...........................
(.miiovill* Cincinnati A Lexington R’ yfV-oond Mortgage Bond*
5-F.vnn«Tili» llf>iid**r«4iQ A Naohvdl* Dlv. V in t M ortgage Bond*
Pyoautiili Id talon Fir*t Mortgage Bondi#......................... .
Routh Boat and -«t Lout* Dtvlatnn Pir*t Mortgage Ron J*
Pa n a g o la A Atlantic R ii miu ! Flr*t M n n a w e »t.«nd* ............
orican* A Moiiiie I>ivi«i«>ti Firat Mortgagi* Bond* .............
Jfew orIo»n* A MoM)e LHfield) -ecom l Mortgage Bond*
(^General Mortgage Bond* ........................ . .
Isonievill** C ii» tMiiaii A l*“ ilng*on R’ r Gen. Mortgage Bond*
Flr«t Mortgage % per r**nt Tru*t ►onda.......... . ..............................
Fir*t MorYtra** jwr cent Fifty y**ar Gold Bond*.........................
South- Ea*t A "t. u n i * Dtftelon Hcrond Mortgage Bondi*............
Ufilne*l F Ity year 4 p ercen t Gold Mortgage HoiidM ...............
Kenttielty Ontrwl Hndway Fir*t Mort. 4 p e rc e n t Gold Bond*
M ayariile A Lexington RR. Northern f>ir. 7 per cent Bond* —

A mount.

Maturity.

*1.000 Ocfolier 19, 1893.
4,.131,000 February 1.1896.
2.830.000 January 1. 1807.
7,070.000 April l. 1898.
286,000 May 1. 1901.
June l , 1001.
1,9 0 6 ,6 6 0 Augiint 1, 1902.
HHO,000 March 1, 1907.
H92.000 October 1. 1907.
2.1.17.0 0 0 December 1 , 1919.
580.000 March t. 1920.
3.900.000 March 1, 1921.
1,**70.* *00 Augiwt 1. 1921.
5.000.
000
Jan nary 1, 1930.
1.000. 000 January I. 1930.
io,8.3B#ooo: June 1, 1930.
90,000 November 1, 1931.
#.129,000 November 1. 1931.
1.704.0001 May 1, 1937.
3,000.000) March 1. 1980.
15.3 24,0 0 0 July 1, 19 40.
(1,742,000 July 1, 1987.
100.000 Juuuary 1, 1906.

Rot* o f
Interft'i

Coupon* Due.

8
7
7
8
7
6
7
7
6
6
6
6
6
6
6
6
5
5
3
4
4
7

May 1, November 1.
January 1, July 1.
April 1, October 1.
May 1, November 1.
June 1, December 1.
February 1, August l.
March 1. September 1.
April 1, October 1.
June 1. December 1.
March 1. Hcpteinlier I.
March 1. September 1.
February 1, August 1.
January 1, July 1.
January 1. July 1.
June I. December 1.
May 1, November 1.
May 1, November 1.
May 1. November 1.
March 1, September 1.
January 1, J uly 1.
January 1, July 1.
January 1, July 1.

Amount
o f Interest.
$271,860
199,500
494,900
22.880
248,784
120,121
46,200
62,440
127,800
34,800
210,000
112,200
300.000
60,000
646,320
3,000
256,450
88,200
90,000
612,960
26 *.680
28,000
*1.300.308

ft f in OOOof tti» *c bond* drawn for ^inking Fund due Marc i l. I 895. rntero«t will cnane September t, 1895.
9 *7.in u ..r
band* drawn for'•Mukiii/Fund dii" De 1. 1894. but nut p re d a te d for ro te iipttou. Internet c o a w l on Dec. 1, 1894.
e * Log* <«r lb*** bond* dr.*
t-*r A i i i F o i l die- luu • i, ls )4 . b u M iit prrt*cut« d for redemption. Infcoreat oa a sel oq June 1, 1894.
*61.000 o f the** iHinda drawn for -Unking Fund due June I, 1805 Interest oeaaed on June 1, 1895.

[V ol .

THE CHRONICLE.

618
TABLE

Subject to Subject to
Unified
10-10 Mtge.
Mtye. B'd 8 .
BONDS.
Bonds.
1,500 L. & N „ Loll.-Knox. Br. 0%, $ 1,000 each. $1,500,000
898 L. & N „ Pen. & Selma Div. (1%, $11,000 each. 838,000
2,677 L A N. Mob. A Mon. Div. 6%, $1,000 e a ch .. 2,677,000
3,208 L. A N., L. Cin. & Lex. R’ y «% , $1,000 each. 3.^08,000
1,001) Pensacola & A ll. RR. 6 %. $1,000 e a ch ....... 1,000,000
$3,100,000
31 Ala. Min. RR. 4% $ 100,000 ea ch ...................
50,000
50 Ala, Min. RR . 4% $1,000 each......................

NO. V .

SECURITIES JUNE 30, 1895.
T h e fo llo w i n g is a s ta te m e n t o f th e S e c u r itie s o w n e d b y th e
C om pany :
P a r Value.
BONDS.
$531,000
53 110-40 Adjustm ent 6% Bonds, $1,000 each
Bonds, $1,000 ea ch .......... 2,330,000
2,330 Unirted 50-year 4% Gold M., Bon
50.000
_I. G%
50 Lou. Cin. & Lex. R ’ y Gen. M.
6% Bonds, $1,000 ea ch ..
43.000
43 sT osslron & SteeY<5o. 1st M. 6 % B o n d s,$1,000 each...
29.000
29 Eureka Co, 1st Moi-t. 7% Bonds $1,000 each.................
-3 ,
000
50 ElUton & Guthrie RR. 7% Bonds, $500 each . . . . . . . . .
925 Pensacola & A tl. RR. Ld. Gt. 6% Bonds, $1,000 each.
9 -o ,0000
207 L ou. & Nash, and M obile & Mont, Trust Deed M. 6%
0Q0
25 Souther'iFu'on^o^l^t M." 6% " t onds, ^ ,0 0 0 "e a e h .........
25,000
285 So. & N. Ala. RR. 5% Con. M. Bonds, $1,000 each .......
~8o,000
1 Pensacola & A tlantic RR. 1st M. 6% B on d .......- - — -/w!n
135 L og m . Coal Coke A Timber Co. 6% B’ ds, $1,000 each.
135,000
Sundry R ailroad and other Bonds, ledger value............ ...... - b»fa3 l
Total bonds................................... ..............................................$4,672,631
■mares.
Stocks .
37,392 Nashville & Decatur RR. Stock, $25 ea ch ................
$934,800
1,931 Owensboro & Nashville R y Stock, $100 e a c h ..—
1,144 Nash. Florence & Sheffield R 'y Stock, $100 e a ch .. .
i 14’452
4,550 Birmingham Mineral R R Stock, $100 each..............
±55,000
17,275
691 E lkton & Guthrie RR. Stock, $25 each ..... .............
111 M obile & M ontgom ery RR. Stock, $100 each .........
11,100
29,000
290 south & North A labam a RR. Stock, $100 each .......
346 Birmingham R olling Mill Stock, $100 each..............
34,600
-69,088 K entucy Central Ry. Stock, $100 each. -- - - - - - — •• 6 ’99 § ’§55
60,000
*
600 Lou. H ar rod’ s C i’k & W estp’t RR. Stock, $100 each.
nAn
6,300
63 New & Old Deeat. Belt Ter. & HR. Stock, $100 each.
8,400
*
84 Pontchartrain RR. Stock, $100 each ..........................
19,200
192 South-East <fc t. Louis R’ y stock , $100 e a c h ..........
205,800
2,058 Term. RR. A ss’n o f St. Louis Stock, $100 each .......
15,000
150 Pensacola RR. stock , $100 each.. . . . . . . . . . . . . . . . . . . .
72,500
725 L og M ount. Coal Coke & Timber Stock, $100 each.
2,410 South Carolina Terminal Stock, $100 each.. .........
241,000
Sundry R ailroad and other Stocks, ledger v a lu e .. . .
61,018
Bills Receivable, Land Notes, etc., ledger v a l u e ....___ 559,343

Total B onds.................................................
$12,433,000
Shares.
St o c k s .
$1,500,000
500.000
1 5 ,0 0 0 Lou. Oin. & Lex. R ’ y P r e t , $100 e a o li....$ l
985.000
10.000 Lou. Cin. & Lex. It’ y Com.. $100 e a c h .... 1, 000,000
2 , 000,000
,000,000
20.000 South & North Aid. RR. Prof., $100 each. 2,
185.000 1,127,400
11,274 South & North Ala, RR. Com., $100 each.
29,397 Mobile & M ontgom ery R’ y, $100 e a c h .... j 939,700 2,939,700
40.000 N. O. M. & Tex. RR. as reorg .. $100 each. 4 000,000 3.985.000
980.000
980.000
9,800 South-East & st. Louis R ’y, $100 e a ch ....
740.000
7,400 Pontchartrain RR., $100 e a c h . ..... — -•
5,501,500
385.000
55,015 Nashv. Cliatt. & St. Louis R ’y, $100 each. 3
963,400
250.000
9,634 Owensboro & Nashville R y, $100 each ...
501.000
5,010 Henderson Bridge, $100 each.....................
285.000
2,850 Pensacola RR., $100 e a c h . ........ ..............
100.000
1,000 L ouisville R ’y Transfer, $100 e a c h ..........
1,972,600
19,726 Birmingham Mineral RR., $^00 each.......
1.969.000
19,690 A labam a M ineral RR., $100 e a c h .---- . . . .
615,000
6,150 Nashv. Florence & Shef. R y, $100 ea ch ..
19,750
395 Henderson Belt RR., $50 each........................
Total S tocks.................................................
Total Bonds and Stocks..............................................

* These Stocks, having been included in cost o f road, do not appear
on Trial Balance under the caption o f “ Stocks Owned.

In addition to the foregoing securities the Company also
Owns the following bonds and stocks, whidi are deposited
with the Central Tru-t Com >any of New York, Trustee, to
secure the Louisville & Nashville L0-40 A Ijustment Bonds and
the Unified fifty-yew 4 per cent gold mortgage bonds, viz :
TABLE

NO.

ORO88 EARNINGS, OPERATIN G

$26,214,350
$38,647,350

The Company also owns $2,000,000 South & North Alabama
Railroad Company Second Mortgage Bonds, which have been
deposited with the Union Trust Company of New York City,
Trustee, to secure the Louisville & Nashville Railroad Com­
pany’s $2,000,000 six per cent Sinking Fund loan of April 1,
1880: $40,000 of these bonds, through the operation of tire said
Louisville & Nashville Railroad Sinking Fund loan, have been
redeemed and canceled, thus reducing the amount to $1,900,669.
The Company also owns $1,200,000 Owensboro & Nashville
Railway C unpany First Mortgage Six per cent B o n d s and
$3 929,000 Birmingham Mineral Railroad Company First Mort­
gage Five par cent Bonds, which have been deposited with
the Farmers’ Loan & Trust Co., Trustee, to secure the issue of
$5,129,000 Louisv. & Nashv. RR. Five per cent Trust Bonds.
The Company also owns $250,000 South & North Alabama
Railroad Company Five per cent Consolidated Mortgage Bonds
and $350,000 Louisville & Nashville Pensacola & Sdma Division
Bonds, which are deposited with the Farmers Loan & Lrust
Company, Trustee, as ccdlateral for the Georgia RR, loase^

ry0£ai __________ ______________ _______________ . . . $9,946,636
T otal Bonds, Stocks and Bills R eceivable................................ $14,619,267

V I.

EXPENSES, A N D

NET, B Y

MONTHS,

R e c a p it u l a t io n .

Freight.

M onth s.

J u ly .......................... 1894

August.................

____

(L. & N. SYSTEM.

dim

‘

S ep tem ber.............. ‘
O c to b e r ................... ‘
N o v e m b e r .............. ‘
D ecem ber................ ‘
J a n u a ry ....................1895
F e b r u a r y ................ 1
M arch........................ ’
A p r il........................ 1
M a y .......................... ’
J u n e .......................... ’

$
957,598 89
1,188,355 02
1,179,811 93
1,361,117 50
1,327,380 88
1,210,758 18
1,129,373 96
951,336 71
1,147,403 02
984,909 82
1,058,803 95
1,040,249 48

Passenger.

364,218 11
393,172 12
405,288 28
384,499 62
348,055 09
390,800 56
365,090 96
311,791 90
345,835 70
334,380 81
343,783 49
383,237 30

T o t a l.......................... 13,537,099 3 4 k 3 7 0 ,1 5 3

Express.

Mail.

53,179 71
53,305 01
52,501 97
53,316 83
53,490 43
51,768 23
53,930 04
54,016 09
52,071 54
54,357 42
54,147 39
53,024 10

$
22,422 91
29,409 39
22,191 85
30,635 21
28,929 41
21,053 39
22,224 99
20,100 32
32,153 30
21,345 18
32,417 20
36,844 09

Total
Earnings.

Operating
Expenses.

Net
[p .c l.o f Exps.
Earnings, tv E arnings.

1,428,903 17
1,692,666 62
1,688,689 86
1,865,195 88
1,795,019 62
1,716,403 74
1,602,101 71
1,364,939 69
1,609,108 82
1,432,284 18
1,533,364 16
1,547,316 34

$
888,312 69
1,050,336 97
1,001,952 70
1,114,643 70
1,038,977 59
986,016 41
982,211 13
911,479 80
1,054,588 21
1,048,843 12
1,082,156 64
1,118,254 07

540,590 48
* 42,329 65
686,737 16
750,552 18
756,042 03
730,387 33,
619,890 5S|
453,459 89
554,520 61
383,441 061
451,207 52
429,062 27 j

30 109,873 79 319,727 36 19.275,993 79
NO.

EARNINGS, OPERATING

,

[A verage for year, 2,95o 98 miles.]

Miscellaneous.
)

31,483 55
28,425 08
28,895 83
35,626 72
37,103 81
42,023 38j
31,481 16
27,664 67
31,645 20i
37,290 95
44,212 0 7 i
33,961 37

TABLE
TOTAL

l x i.

62-17
62-05
59-33
59-76
57-88
57-45
61-31
66-78
65-54
73-23
70-57
72-27

12,277,773 03 6,998,220 76 _

6 3 ’69;

V II.
EXPENSES, AND

NET

R e c a p it u l a t io n .

gOUUCBS.
JO
Mail

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

Train privileges................................................................................ ........
R ent o f passenger ca rs..........................................................................
Rent of freight oars.................................................................................
Rent o f locom otives...............................................................................
Car detention, storage, e t c .....................................................................
R ents.......................................................................... - ...............................
T elegrap h ....................................................................................................
W harfage and storage, Pensacola, F la ..............- ...............................
B ridge T olls..... ...........................................................................................
T o t a l................................ ...............................................................

Percentage]
o f Gross
Earnings.

Gross Burnings.

22-671
$4,370,153 94')
6-316
639,139 36 1
2-126
409,873 79 (
■124
23,916 50 J
70-228
•07-i
•618
.-j i i ,
■nsfi1
•3601
■0201
.nog!
•0021
■005
100-000

W e s t S u p e r i o r I r o n & S t e e l.— T h e fo l l o w i n g are a b o n d ­
h o ld e r s ’ r e o r g a n iz a tio n c o m m it t e e : F r e d . T . G a le s , C o lg a te
H o y t , G e o r g e W e iw o o d M u r r a y , S tep h en B a k e r a n d R o b e rt
M a c la y ; E . V . C a r y , S e c r e t a r y , 26 B r o a d w a y , N e w Y o rk .
B o n d s a re l o b e d e p o s it e d w it h th e K n ic k e r b o c k e r Trust Co.
u n d e r a n a g r e e m e n t th e r e t o b e seen .
I — M essrs. N . W . H a rris & C o. w i l l se n d , o n r e q u e s t, a s p e c ia l
<ir c u la r o n th e 4 % per c e n t w a te r b o n d s issu e d b y th e c it y ol
K a n sa s (J .iy , M o ., to p a y f o r w a t e r -w o r k s p la n t a n d w h ic h
t h e y o ffe r f o r sa le .

Operating
Expenses.

$5 443 ,083 59
v ’

$3,613,524 10

13,537,099 34
14,728 62
118,185 42
66,364 51
16.507 63
69,327 15
3,938 75
5,383 44
483 85
896 49

8,664,248 93

$19,275,993 79

$12,277,773 03l

Net
Earnings.

$1,829,559 49
4,872,850
14,728
118,185
66,364
16,507
69,327
3,933
5,383
483
896

41
62
42
51
63
15
75
44
85
49

$G,998,220 76

F o r O c t o b e r in v e stm e n ts, a lin e o f first m o r t g a g e b o n d s a n d
•anteed st .ck is o f f e r e d b y M essrs. R e d m o n d , K e r r & G o .
mr a d v e it is in g c o lu m n s t o d a y , to w h ic h a t te n tio n is d i— M r F J . L is m a n a n n o u n c e s in a n o th e r c o lu m n t h a t h e
w i s h e s 't o d eal in a ll th e d iffe r e n t issues o f th e L i n g Isla n d
R R sy s te m a n d a n y o t h e r in a c t iv e r a ilw a y s e c u r it y .
__T h e A m e r ic a n E n g in e e r a n d R a il r o a d J o u r n a l, w h ic h h a s
b een issu ed m o n t h ly , w ill a fte r N o v e m b e r 1 b e issu ed b i­
w e e k ly a n d w ill a p p e a r e v e r y a lte rn a te T h u rs d a y .

October 5, 1895.]

%\u

THE CHRONICLE.

Commercial

619

3 ?xnxes.

C O T T O N .

Friday Niqht , October 4, 1895.
The Movement of the Cro p , as indicated by our telegram &
COMMERCIAL
EPITOME.
from the South to-night, is given below. For the week endin S
this evening the total receipts have reached 317,679 bales,
F r i d a y N i g h t , October 4 ,1 8 9 5 .
A satisfactory movement for general merchandise is re­ against 149,139 bales last week and 91,080 bales the previous
week, making the total receipts since the 1st of Sept., 1895,
ported, with a noticeable increase in demand for seasonable 519,389 bales, against 738,664 bales for the same period of
goods. Collections are as a rule good and country merchants 1891, showing a decrease since SeD.l, 1895, of 309,480 bales.
manifest an inclination to renew supplies upon a fairly liberal
Mon.
Wed. Tkurs.
Fri.
Receipts at—
Sat.
Toes.
Total.
scale. Export trade is averaging quite as full as a week ago.
G alveston......... 6,882 13,675 8,085 7,327 5,535 7,648 49,152
Speculation in wheat has been fair and in cotton very active, Velasco, Ac. —
......
282
731
1,013
the Southern staple attracting attention in consequence of New Orleans..
7,005 18,957 8,011 6,43S 6,423 13,224 60,038
continued belief in serious crop shortage. Weather has been
797 2,17-2 1,202 2,896 1,791
953
9,814
favorable for an early and free movement of corn from grow­ M o b i l e ..,.. . . . .
......
ers’ hands. An excellent milling demand prevailed for wheat, F lorid a.............. . . . . . . . . . . . . .......... . . . . . . . . . . but the cal! from exporters was slow. Fall wheat seeding is 3 reaim aii......... 4,293 6,241 10,381 6,516 5,053 7,005 39,548
Rrimsw’ k.&e.
743
5,6294,886
still retarded in many localities by drought.
The following is a comparative statement of stocks of C oarleston....... 5,951 6,199 2,784 2,613 3,793 4,188 25,528
. . . ..
...........
Pt. R oyal, <feo. ...........
......
......
......
leading articles of merchandise at dates given :

W ilm ington—
2,315 2,055 2,558 1,558
493 2,752 11,731
...
19
19
Wash’ ton, Ac. . . . . . .
......
......
8,290
505 1,083 1,012 2,-188
N orfolk.............. 1,188 2,020
3,043
351 1,478
West P o in t...
610 1,137
367
13,430
11,608
P o r k ................................................b b ls .
11,922 : N'port N „ Ac. . . . . . .
302
302
..........
......
18, UO
11,803
h a rd ..........................................ton.
7,952 j
500
......
..........
500 . . . . . .
19,3*1
19,511
T obacco, domeatlo . . . . . . . .hh,to.
18.263 ! Now Y o r k ......
50,609
T obacco, fo r e ig n .... .....b a le * .
$9,48-1
46.323
200
177
8 ' 5*20
126
219,539
c o f f e e , R i o ..................................b a g * .
269,674
184,686 ! B altim ore.........
121
322
201
91,433
Coffee, other....... ..baga.
92,068
37,380
1,274
114
357
130
398
275
14.520
Coffee, Java, A o__________male.
24,000
36.1 t l Piiiladelph'a Ac
3/220
1,797
Sugar..........................
bbto.
11,201
943,244
704,960
Bogar............................. hag®, Ac.
839.287 Tot’I- this week *28,687 53.631 34.8*3 29,46*2 24.S1G 46,202 217,879
215
215
S toia sa es, fo r e ig n ............h h to .
None.
29,300
50,600
.......................... No.
92.400 ( The following shows the week s total receipts, the total since
157,321
Cotton ......................................... bale*.
160,559
79.503 i lent. 1.1895, and the stock to-night, compared with last vear.
28.175
Rosin......__
bbl*.
25,403
19.259
1,727
Stock.
m i
Spirit* turpentine— ....... bbl*.
1.040
1894.
1895.
740
135
1.235 ! Receipts to '
This ■SOtzr Sep
This Since Sep.
34,500
Rice," E."TV.'* 1.7.7. 7. .7.7-7ba*».
tb
9,000 |
Oct. 4,
1894.
1895.
750
Bice, rtomeatlc................. bbl*.
1.200
0)
Week. 1 ,1 8 9 4 .
Week. 1 ,1 8 9 5 .
None.
Non*.
Homs. |
J U n s o w l............ .........................b a g s.
3,100
2.-00
Saltpetre....,....................baa*
8.500 I G a lv eston ... 49,152 130,274 63,515 182,284
85,498 103,1202,400
2,300
Jute bote*........ .......... ...bale*.
None. > V elasco, A c.
......
......
1.013
2,352
4,167
1,479
10,287
7,861
6.384 i
Manila hemp___ _____ bate*.
95,117
3,4 U
Bsaal harnp.....................bale*
6,3*28
0,235 | New* Orleans 60,038 129,891 80,779 201,312 128,199
140.100
139.9 '0 M obile..........
134.000
Ptonr__ _____b b l* . and /tack*.
12,973
19,919
28,191 10,070
31,287
0,314
120
......
120
For lard on the spit the demand has been slow and prices j F lorida.........
83,967
64,959
h«ve weakened slightly, closing quiet at fl’33*, *, for prime |-iv a n u a h ... 31,548 114,612 4 2,533 152,151
2,343
7,0,37
8,830
1,664
1,598
Western, 6 c. for prime City and 6 '6 '>r. for refined for the I Br'wlok.Ac 5,629
47,658
65,179
56,813 19.819
5-1,628
Continent, Speculation in the local market for lard futures ! Cn&rleaton.. 25,528
10,850
.........
81
123
hm continued at a standstill -nd prices have weakened P. Royal, Ao.
17,416
37/222
25,093
Wilmington,. 11,731
23,481 11,923
slightly in sympathy with a decline to corn, closing dull.
_____
52
Wasn'n, Ac
16
79
19
OAH.T otaaaa rsticss or l a k h futohe*.
23,326
10,963
10,881
li,1 8 7 10,711
N orfolk ........
8,29 5
Sat
M on.
T**es.
Wed,
Ih u rs,
tY i.
1,049
*2,'21 2
3,247
4.780
4,506
West Point
3,943
O ctober.......... ........ ........ o. 6 1 >
6-'J?
fl JJ
6- 2 0
0 -2 0
B-J0
100
759
302
373
763
N*P*t N „A c
Pork has been in moderate rtquest for export to the West
79,882
154,560
........
500
500
Indies and prices have held steady, closing at $10(3$ 1 0 25 for Now York ..
I 1
........
4,600
3,500
510
mess. Cut meal* have been quiet. Tallow ha* advanced, but
12,574
6,101
3,735
822
753
1,804
the close was easy at 4 V '. asked, Cotton seed oil has B altim ore...
2,260
5,341
2,311
499
1,274
5,133
P M !»del.,A o.
advanced, closing llim at 2 <!£e. for prime yelh
and
Sept. 1,
itses.

Oct. 1,
1895.

Oct. 1,
1894

97c, for elT-grade yellow. Butter has advanced, Cheese has
been steady. Freih egg* have advanced.
Coffee secured more attention and increased in value, for
the better qualities in particular. Bio quoted
for No. 7,
good Cucuta IFl’t'c. and standard Java 2T^37*^c. Speculation
for future delivery e tube died very little new investment but
further covering of short contracts sustained and stimulated
values until the close, when a realizing effort created a little
weaknes*. The following were the final asking prices;
O et................1.V3.V. : Jan..................14*9.7c. April ............14*45c.
Nov................ tPMt. fob.................14-SOe.! Stay .............. I4'35e.
Dee................ 13-100. I March....... . ,.l-p?So, I
Raw i uaur* continue in good demand, offerings are limited
and the u ir k tt very strong Centrifugal quoted at 3 V '. for
U'l-deg. test ami muscovado at 3 3-16c. tor 8 0 -drg. teat. R fined sugar* ore steadily advancing and production is largely
oversold; granulated quoted at 41j>. Teas steadier.
Kentucky tobacco has been in better demand and firm for
desirable grad* -, closing at U’ j >5c. for lugs and 5f« 14c. for
leaf, heed leaf tobacco has been in limited demand and
steady. Sales for the week were 1,945 eases, as follows: 75
Case* IMri mrop. New England Havana wed. 8<i<®40c,; 490
cases 1894 crop, New England Havana Med, 15@22c.; SO cases
1893 cr> p, N«w England Havana reed, 4c.; ICO cases 1894
crop. New England teed !>af, 18®32e.; 250 cares 1891 crop,
Zimmer- llw slfijfe; 100 oases 1.893 crop, Zimmer-, IU-|@
JSIyc.; 840 cares 1894 crop, Pennsylvania Havana seed, li<§
15c ; 123 cane* 1892 crop, Pennsylvania seed leaf, 9w; 11 !7 : I
80 ca ses 18<J3 crop, Flats, 14c; 200 case- 1894 crop. F lats, 10@
18c.; 75 cases 1 8 9 1 crop, Wisconsin Hsvaua, 10c., and 100
case* 1-91 crop, O bhnrt*. 10 lt 0 »; also 9,000 bales Havana,
63c.to$l 10 and 230 bales Sumatra, 40c.® $3 80 in bond.
The market for S-rait* tiu ha* been fairly active and prices
have advanced, closing firm at 14 TOfSl l 75o. Ingot copper
has been firm, closing at 12*258. fer Lake. Lead has been
steady, oh .ring at 3 * 3 - : i fc. for domestic. Speller has
been dull, closing at il.V-( 2 0 c, for domestic, Pig iron
fairly active and firm, closing at $12*- $I4 50 for domestic.
Refined petroleum has been unchanged, closing at 710c, in
bbi- ,
in bulk and 7 50c in case* : crude in bhls baa
been urminal; naphtha, 9 ‘2-V. Crude certificates have b en
dull, closing at $t 24 f*id. Spirits turpentine has declined,
cloaiog at S-'edg! j'c. Bovins steady, closing at $t 45@$l 50 fi r
comm* n to gotxl strained. Wool and bop* dull.

519,230 247,816

Total a ...__ 217,879

563.599

728,604

474,105-

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

1895.

j

1891.

- 1893.

1892.

Tot. this wk.

52,795
64,994
->3,664
80,779
7,812
10,976
42,533} 50,967
10,849
22,658
11,939- 11,419
10,711} 12,092
4,610
2,583,
4,150
2,339
f
217.679: 247,618 223,456

Since Sept. 1

5 W ,v m

Galves’ n.Ao.
New Orleans
Mobile .......
Sav tnnah..Char’ con, A c
VVtlia’torj.Ac
N orfolk .......
W. Point,Ac
A lloth ers

50,165
00.0 »3|
9,814!
30,5 18|
23,528
1 1,7*o:
8,2*6.
4,245
8,245}

72 3,0Bl! 565,614

1890.

| 1891.
49,813
87,551
14,997
58,444
28,290
11,445
24,192
17,121
7,5 U

53,32173,532
13,803
58,604
23,320
9,889
28,533
15,004
20,113

299,364

296,119

60,150
34,032
8,30l|
39,413:
18,U8|
8,625,
8,903!
6 ,7 5 1|
5,909,
191,120

59 3,475 103 3,952' 1129,515

T.ie exports for the week ending this evening reach a total
it 70,800 bales, of which *22,983 were to Great Britain, 12,418
to France and 33,417 to the rest of the Continent, Below are
the exports for the week and since September 1, 1895,________
Export*
fro m —
G a lv e s t o n ....,
V elasco, A c .,,.
N ew O rleans..
M obile & P e a .
Savannah . . . . .
B run sw ick-----C h a rle s to n . . . .
W ilm in g to n ..,
N o r f o l k . .. .. .. .
W est P o in t ..,,
N 'p’t News, ftc
New Y o r k .—
B o s to n ,___. . . .
B a ltim o re ......
Philttdelpa.& o
T o t a l ............
| T o ta l, 1804 . . .

From Sept. 1.1895, to Oct. 4,1895
E x p erts t,n—

W eek Ending Oct. 4.
Exported to—
Great
C onti&rU*n f r a n c . n m l .
8.3 U?

8,004

IU 2 I

0,050

......
......
....
.......
..
2.932
87,-

301

Total
Week.

14.310
807
817
6,041 24,315
......
7,666
7,65*
3.51*1
w it
8,000
6,000
......
, .. •.

G reat
Britain

Prance

11.057

6,0ri4

41,684

0,050

..
-•

Conti­
nent.
3,965
1,018

*8,40*
3,545
8.1 Of
.. —
m

lo u t.
24.030
1,958
54,700. . . . »*
18,406
3,545
8,000tm .

.......
0.T8#
2,728

0,101
37 ;
2,72 b

15,83!
0.23b
4,8S°

1,141

10,1 IB
8,128

26,591
5,200
8,10#

*2,006

12,418

36.417 j 70,801

83,211

13,10.*

56,659

152,078

m jm

9,344

35,206 (31,030

347 «4<-

2 *,180

14 ?, *-38

828.666

020

THE CHRONICLE.

In addition to aoove exports, our telegrams to-night alsi
give us the following amounts of cotton on shipboard, noi
oleared, at the ports named. W e add similar figures foi
New York, which are prepared for our special use by Messrs.
Lambert & Barrows. Produce Exchange Building.

T he S ales and P rices of F utures are shown by the
crmprehensive table.
rz
OOP"

§2 80 0

Great
Other
Britain. France. Foreign

New O rleans..
G alveston........
Savanuah.......
C h a rleston ....
M obil©. . . . . . . . .
N -w York____
Other p o rts___

4,876
23,015
2,< 0 >
f (0
7,000
None
4 0
10,0 >0

4,V7i
1,525
None.
None.
None.
None.
600
None.

Coast­
wise.

ft®
; £. e+”
88O
i 2 O
et
• 80 W
: cS 1
! ®.

Leavitt
Stock

Total.

8,^34
3 16
6,2’ 3 10 , <31
2.0 JO
10,000
6<0
I f , HO
6.0 >0 None.
5.000
Noae.
None.
6.7 .0
None.
5.000

11 0 1 1 2
44 124
50,9 9
3 ,32 *
6,919
5 84
14 2,71•
2y,9ol

18 087
4 - ,074
14, Oo
17, 0 )
1 4,0«»0
5.001
11*0
15,00a

Total 1 8 9 5 ...

51.891

6,6 -*6 58,487

1 J,237

135.311

428.2*8

Total 18114...
Total 1 8 9 3 ...

6 <,933
80.2^4

3^",629 78 034
12 .* *9 6D.H53

7,710
14.414

185.3^6
l « 7 880

288
3 6 o .7 -9

r o c CO-

O to© S

G ood O rdinary..............o. 1% ofl.
G ood M iddling T in g e d ...
Even.
Striot M iddling S ta in ed .. 7,. eft.
Middling Stained.............. 7. oft.
Striot Low Mid. S tained.. 2»3l od.
Low M iddling Stained___1% ofl.

On this basis the prices for a few of the grades would t>.
follows:

g

S a t.

Good O rdinary............................
Low Middling....... ......................
M iddling.......................................
G ood M iddling............................
Middling F a ir............................
GU LF.

Good Ordinary........................ .
8
Low M idd lin g............................. 8 1116
M id d lin g ..................................... 9>fl
Good M iddling.......................... . 97le
Midnli»«er F air.__
in
STAIN ED.

Th.

715.6 ? 78
8
7%
8
S'1,6 85g
87,6
89,e S I116
9%
9
8 7e
9 'l6
9%
97,8
93i«
95,6
y7l6
915.6 97S 10
9%
10
S a t.

S a t.

L ow Middling...............................
M iddling......................................
Striot Middling................. .........
Good M iddling T inged............

H o n T a es W ed

M on T u es W ed
8q
81516
9%
911,6
ink.

8 >8
8Js
813,6
9
q
9°,6
y5g
0
103,6 10>S

M on T u ts W ed

7% | 7H 10
7k!
85s
87,6
82132 82032 -27.12
87„
9% ! 9 'l «

Th.

P it
8
811,6
9>e
i o 1' 6

8>4
8q
8'5,6 « ’ 5,«
9%
93s
911,6
ink, 10 q

Lo­

00
. .TO

oo
^
& go
x »
to © ‘5
I3 : I
to
co
0 D0 0 © o p

crco° m

oo

or

Sat'd ay
Monday
Tnesdaj
Wed’daA
Tbnr’d’y
F riday..
Total

Inlet ..............
Quiet at ^ aflv..
Quiet at l , dec.
Easy at 1,0 dec..
Lull at
ad v ...
E a s y ...................

74
410
244
1,200
....

323

___

2.301

Total.

74
70 * 1,1 10
17,300 17,594
1,5 JO 2,700
....
—

....

3 3

-IDO®
' ««•
-1
>
b
1 1 C<R- ' 1 ^
<K
1 s. ?
1 d: ®

cr O

I

00 TOOQO

tb ©

X X ° TO
Aj J|
03
xoo
%
O X
•k* C 5 §
I
©
X x 000

Sales oj
Futures.
185,300
384,100
41'>.400
34 2.9JO
339,500
303,900

19,500 21,801 1,975,100

&
D3 r* 5.? a
§a $ CJO**t> 00^ SS co j-i » §2
07ft 7*
» ft."
to
03

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Con- Spec- Con­
sump. uVVn tract.

: p: 1
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T h . 1F rl

SALES OP SPOT AND CONTRACT.

:< p. I—O

30 85
s-s
"n
;
1 ^ £-1
. p to

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COOpC 00

7%
7%
759
89,6
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8253j 829,2 829 2
9
9% 1 9%

MARKET AND SALES.

E x­
port.

1 SSo
!
©
• s®• to
: (Sq J 1
! S!

P rt

?$The total sales of cotton on the spot and for future deliveiy
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column wl ich shows at a glance how the market closed or
same d avs
8POT MARKET
CLOSED.

cr® ® ®
3)

II

M

UPLANDS.

ODO
1 33g£
0 is -*
iS 80 d

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5 rc : 1 CJ CQor v 5
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i.
ers
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1 d. ® 1 $: ?

II

i.

§2|

men,

3®* g §

Ch
-4 ©
Speculation in cotton for future delivery at this market
O
continuisactive,[with an exceedingly feverish tone prevailing.
The outside trading public invested freely upon apparent
stronger evidences of crop injury, and the force of demand
0
carried prices to a still higher plane thin last week, hut a w
large poition of the old “ long” interest liquidated at the ad­ 1 i
vance. Saturday opened with a drop of 14 points, which at
tracted new buying orders, and the decline was quickly re­
covered. On Monday the advices from abroad proved much
better than had previously been calculated upon and that, to­
jO
gether with reports of frost damage, attracted very liberal
demand and stimulated an advance of 28 points, of which 5
points were afterwards lost, but the close ruled firm in tone.
During Tuesday buyirg orders were less plenty, and after an
opening fluriy o' 7 points cost sharply shaded and cl used at 16
@18 poiniB uetdi cline. Dur'ng Wednesday there werp several
fluctuations, ranging from 8 points advance to 17 points de­
cline from I ighesc of the day, finally closing at 8@4 points
net decline; hut yesterday upon renewal of light crop esti­
mates and stronger cable advices demand came in again with
great force and s imulated an advance of 25 points, closing
firm. To-day, however, under evidences of an increased
crop movement the tone was easy and prices averaged 8@U)
points lower. Cotton on the spot closes dnll at 9% :. for m id­
dling uplands.
The total sales for forward delivery for the week are 1,975.11 0
bales. For immediate delivery the total sales foot up this wee.
21.801 bales, including ----- for export, 2.301 for consumptioi
— for speculation and 19,500 on contract. The following ar
the official quotations for each day of the past weekSentember 28 to Oc ober 4.
Rates on and off middling, as established Nov. 22, 1893
by the Revision Committee, at which grades other thai
middlii g may be delivered on contract:
F a i r .................... .......... o. i q
on.
Middling F air..................
7e on.
Strict Good M iddling....... ki on.
Good M iddling.................. 5lg on.
Strict Low M iddling......... 3le ofl.
L ow M idd lin g................... 7,8 off.
Striot G ood Ordinary....... 1S18 0fl.

30

es

ON SHIPBOARD, NOT CLEARED—FOK
Oct. 4 at—

|V o l , LX1.

i.

11

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i.
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1 ®: P
11

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Tbe following exchanges have been made during the week :
21 pd. to exeb. 2,500 Dec. for Meh •
•12 pd. to exoh. 300 Ian. for Meh
•38 pd. to exon. 1,000 Ool. for Apr. 20 pd. to exoh. 300 D -c. for Moh.
12 pd. to exoli. 9 >J Oci. fo r Deo.
•22 pd. to exoh. 1,500 Deo. for Moll
12 Pd co exoli 40 I Apr.
.Fne.
•18 pd. to exoh. 200 Oot. fo r Jan.
12 pd. to exeh. 90 i Jan for Moh
•0 t pd. to exoh. 200 Oot. for Nov.
■13 pd. to exoh. 1,000 Jan for Moh. 00 p t to exon '0 0 M v for J:me.
0 T pd to exoh 2 * i Deo. for Jan.
•2 * pd. to exoh. 1,800 Oct. for Uch
28 pd. toe x e k . 1,000 Nov. fo r Moh.
•17 pd. to exoh. 800 Oot. fo r Jan.
•23 pd. to exch. 2,200 Oct. fo r deh.
T h e V i s i b l e S u p p l y o f C o t t o n to-night, as made up by cable

and telegraph is as follows. The Continental stocks, as well 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
figur s toi to-night iOct. 4), we add the item of exports from
the jiiitod States, including in it the exports of Friday only.

621

THE CHRONICLE.

O ctober 5, 1895.1

1891.
QUOTATIONS FOR MIDDLING UOTTON AT OTHER MARKETS.—
1893. 1392.
799.000 882.000 1,051,000 Below we give closing quotations of middling cotton at South­
8,000
S,000
8,000 ern and other principal cotton markets for each day of the week,
807.000 890.000 1,059,000
29.000 10.000 4,700
C L O S I N G Q U O T A T I O N S F O B M I D D L I N G C O T T O N ON—
Stock at Bremen.................... 113*2$2 55.000 87.000 58,000 free* e n d i n g
12.000 18,000
O ct 4
Stock at Amsterdam.............
11,000 9.000
F ri
T h u rs
M on
T u et
W ed n es
S a tu r
100
200
200
. -00
Stock at Rotterdam...............
21.000
9.000 7.000 GalveBton..
Stock at Antwerp..................
8%
8
%
8
%
SO
8
1
8
la
3
9ie
Stock at Havre..................... 288,OOo 277.000 305,000 323,000 NewOrleans 878
8i%«
84.
8%
8
8%g
6.000
5.000
8.000 Mobile__
Stock at Marseilles...............
4.000 46.000
8
%
85
8
®s
8
=8
8
k
s
68,000
51.000 Savannah.
Stock at Barcelona...............
*l Ooo
8
>
a
S%
8716
8t»
8%
S'1*
5.000 12,0 00 14.000 Charleston.. 85
Stock at Genoa......................
2 ,,000
8
%
8
%'S>“iq
80
s
8
%
8
%
ia
8%
Stock at Trieste....................
26,000 30.000 •25,000 35.000 Wilmington, 8%
8%
S%
8=8
8%
8%
477,100
534,200______
519,900
8
3
s
S»8
8%
8
%
S«8
_________
_ Norfolk...
Total Continental stocks,. 561.200 _______
9
yiQ
9*8
8%
$l16
87a
Total European stocks ___ 1,552.200 1,284,100 1,424,200 1,578,900 Boston ....
9
9
9
9
8%
85s
- urope.
3*\000 23,000 34,000 34,000 Baltimore...
Ind ia cotton afloat fo r E
9%
9%
9%
9%
oq
9^8
Am er. co tt'n afloat fo r E urope. 121,000 220,000 161,000 205,000 Philadelphia
B
U
S
8
%®UM
S9,
a
8
%
Augusta---21,000 20,000 22,000 35,000 Memphis —
Egypt, Bi axil, Ac. .afltforE 'r’ pe
84i
8%
8%
8%
Sills
8%
8 » o k In U nited States p o r t s .. 568,599 174,105 527,169 636,818 9
8%
8%
8Li
8%
8»s
8%
t. Louis__
Stock tn U. S. Interior to w n s.. 141733 151,909 156,962 183,233
84.
8
%
84
.
8
%
8
%
H
ou
ston
___
H
9ie
____________
6,959
38,424
20,977
19,451
United States ex ports to-day.
8
%
8
%
8
%
8
%
8T
8
Cincinnati..
i8l%
8
34.
Total visible S u p p l y . 2.415.196 2,211,533 2,346,308 2,695,402 Louisville...
8%
8%
8>«
8is

StooK at L iverp ool___..b a le s.
Stoek at L o n d o n ........................
T o ta l Great Britain stock .
Stock at H a m b u rg ...................

1895.

4*84,000
7,000
991 uOO
a2'°SS

.

,

,

.

.

.

.

,

\

o : the above, total* of Amenoaa and otner descriptions areas follows:
Liverpool stock..... ....bates. 874,000 64*2,000 691,000 903,000
Continental stocks............ 48i,0OO 318,000 423,000 354,000
American afloat for Europe_ 121,000 220,000 161,000 205,000
(Jailed States s t o c k . . . . 583,500 474,105 527,169 838,818
United States interior stocks.. 141,738 151,909 156,962 186,233
United State* exporta to-uay.
6,959 39,424 20,977 19,451
Total American.......
2, 19u,296 1,844,438 1,980,108 2,304,602

Mast Irutu'/i. Brasil, «fic. *—

Liverpool stock .... . . . . . ...... 110,000 157,000 191,000 148.000
Londonstock ......................
7,000 8,000
8,000
8,000
Continental stooks.................
78,200 159.100 111.200 185,900
India afloat for Europe..........
Kkjpt. Brazil, die., afloat.......
21,000 20,000 22,000 35,000
Total East India, Ac......... 255,200 367,100 368,200 390,900
Total American................ 2.199,298 1,844,438 1,980,108 2,301,502
Total visible supply........ 2,4*5,496 2,211,538 2,346,308 2,695,402
Middling Upland, Llveroool..
4i»>g<l.
8*ad.
**6d47,gd
M iddling Upland, Hew- Y ork..
E gypt Good Brown. L iverpool
B erov Rough Good. L iverpool
Broach. Fine, L iv e rp o o l...........
___
_ _ Liverpool-.
Ttnnevelly
Good,

glgc.
8 iz,gd.

6t;,o.

4 15; g'l.
5tl,*d .
3 V I.
3k,gd.

4H ,gd.
4®,gd.

85,gC.

Si]«o.

57,gd.
6 *gd.
4 «„d .
4®,.d.

5d,
5!5i«d.
*zu a.
4S,gd.

i'he imports into Uontinental porta the past week have
boon 2 ,0 0 0 bates.
The above figures indicate an increase in the cotton in sight
to-night of 23;i,S3» t*ales as compared with the same date
of 1894, an increase of 99,128 bales over the corresponding
date o f 1893 and a decrease of 239,931 bales from 1892
AT the Interior T ow ss the movement—that is the receipts
for the week, and since .September 1, tbe shipments for the
week and tbe stocks to-night, and the same items for the
corresponding period o f 1894—is set out in detail below.

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Atlanta....
8% Little Rock.... 8L3 Newberry....... 8Ui*
Columbus, Ga........... Montgomery... 89lft Raleigh....... . Ski
Columbus,Mias ....... Nashville.......
S5a Selma........................
Eufaula.......
8 s Natohez.........
8“s Shreveport,.... 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 ,— The following table
Indicates the actual movement each week from the plantations,
the figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
W stk
O n d iw —
.\ u « .. . . . . .
Sept*. 0.
“
13 . . . .
** 20.
M 27 ..
O ct,
(
-

R e a tV t, o i l il . P o r t s , 'SVk at In te rio r T a m il. R cc’p t t jr o m P U n t 'n ,

17,6341 25,173
8,803
28,117 3S,3W: 15.0&3
53,703 8V88*! *7,539
05,8191148,54?! 01,080
Wi.*38|«05.22t 140,180
2Z K m W t+ im \ 7 078

w I.

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WSig»so—so-

October

4.

1893.

1805.

1894.

0,428
15,202
54,9^2
114,544
172,987
208.830

50.366 34,782 15,311 2-5,720
65.013 35,892 33,544 30,974
60 .*30 48.275 68,046 90,8i’ l
84.510 60,730 107 7 3 1 160.230
100,215 90,587 193.120 220,947
151.000 141,788 251.980 290.280

1809,
Week.

Shipped—

via Bt, Lonlu...... ...... ............
Via Cairo................................
Via Parker C ity ...................
via Evansville.......................
Via Louisvlllt.........................
Via i inolnnatl........................
Via other routes, Ac................
Total vfoxs overland..........
Deduct ehipmentt—
Overland to N. Y., Boston, Ac..
Ieland, &a, from South*—....*.
Total to be deducted.............

8,372
2,621
150
525
635
1,240
13,552
2,616
315
1,810

4,771

Since
Sept. 1.

17,602
3,472
693
i ',706
1,059
4,177
28,709
7,557
310
4,105
12,072
16,637

1894
Week.

8,163
4,652
173
1.2S6
1,376
2,633
18,289
2,303
639
2,403
5,345
12,924

Sinet
Sept. 1,

23,013
10,212
173
2,840
4,282
4,798
45,318
5,995
966
6,744
13,705
31,613

tag total net overland*.. 8,781
The foregoing stiows ’ hat the week’s net overland movement
this year has been 8,731 bales, against 12,924 bales for the
week in 1893, and that for the season to date the aggregate net
overland exhibit* a decrease from a year ago of 14,976 bales.
In Might and Spinner*’
Takings.

<3»0Cf

74,501
70,023
84 871
b6,7 50
123,438
166 002

The above statement shows: 1.—That the total receipts from
the plantations since Sept, 1, 1895, are 628,377 bales; in
1894 were 823,888 bales: in 1893 were 648,310 bales,
2 .—That although the receipts at the outports the past week
were 217,679 bales, the actual movement from plantations was
only 268,830 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 230,280 bales and for 1993 they were
251,980 bales.
Overland Movement for the W eek and since S ept. 1.—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely Into detail as in our regular month?/ report, but all
the principal matters of interest are given. This weekly
publication is o f course supplementary to the more extended
monthly statements. The results for the week ending Oct, 4
and since Sept. 1 in the last two years are as follows:

*zm —
A f-SO 56&Jt«3« - p - ! 5 *
ja 4 a k« a
iF«
IS*2 311*0
©
** ■© *4» © r‘ o s * «liVirf
*&w |S z o o «» # # * *s a x
© o > is tz
©*-*»** ■**>3*4 -4M © -* © © X-X
*•3
ia v © Si
to p *

1804. | 1805,

m 3 , j 189*. | 1895. | 1898.

1895.
Week.

Since
Sept. 1.

1894.
Week.

Sines
Sept. X.

Reoeipts at ports to Got. 4.......... 217,671) 519,230 217,616 728,664
8,781 1(5,637 12,924 31,613
Net ovetland to Ort. 4
........
Southern consumption to Oct. 4. 10,000 93,000 17,000 83,000
3*
?
©>— ©-uses
Total marketed
....... . 245,480 028,876 277,540 843,277
r»5'.'A‘*t«AS&’ . * . - i s © o b
Interior stocks In excess ........... 51,151 109,038 42,664 94,574
O
yx4«4
—
i
1
® e- —© *1©
320,204
Came into siclit ilurlny week. 296,011
' fy>ni*v!ii,. Bkore* •' an t" iu uotn year*.
937,851
737,914
Total tn siytu Out. 4..............
1 T his year’s ttswres gstlrnaiwl.
' L«*i year’s Ryrurcs arc for Cnlanabia, S. C.
143,104
36,385
1
0,349
36,011
North'n
spinnerHtak’K
s
to
Oct.
4
..
A inciudrg 2,£M*8 baieg rr, r i c*l pfrvlm ,-ly.
' including movement by rail to Canada.
ine nh'iv.
snow tnai u ,, interior stocks have incrtastd
it will be seen bv th e above that there has come into sight
during the week 51,151 bales and are now 10,171 bales less
than at sum** pgnos last year. The receipts at all the towns during the week 396,611 bales, against 320,204 bales fo the
mint m sight
have *>•*•):, 9,5 19 hales to,* him ume week last year and since no ne w«-ek of 1894, and that tbe decrease in
to-night w compared with last year is 199 937 bales.
Sept, 1 are 117,329 hale*
n for same tim*- iD U91

lis s» C O * 4 -

622

THE CHRONICLE.

W eather R eports by Telegraph .—Our telegraphic ad­
vices this evening indicate that the weather conditions at the
South the past week have favored the rapid gathering and mar­
keting of cotton. Light fr o s t oc ;urred in some sections, but
no damage is reported.
Galveston, Texas.—Picking is approaching completion in
Southwest Texas, and in Central and Northern Texas it is
progressing very well. The weather has been very favorable
and cotton has opened rapidly. Some parts of North Texas
report a new growth, though unless there is a very late frost
it is not apt to mature. We have had rain on one day during
the week, the precipitation reaching one hundredth of an
inch. The thermometer has ranged from 58 to 86, averaging
72. Rainfall for the month of September one inch and
eighty six hundredths.
Palestine. Texas.—It has rained on one day of the week,
the precipitation being too small to measure. Average ther­
mometer 67, highest 86, lowest 48. Rainfall for the month of
Septemoer one inch and five hundredths.
Huntsville, Texas.—W e have had a trace of rain on one day
of the week. The thermometer has averaged 69, the highest
being 88 and the lowest 50. During the month of September
the rainfall reached one inch and ten hundredths.
Dallas, lexa s.—Rain has fallen on one day of the week,
the rainfall reaching ninety-six hundredths of an inch. The
thermometer has averaged 65, ranging from 46 to 84. Rain­
fall for September three inches and sixty-eight hundredths.
San Antonio, Texas.—It has rained on two days of the
week, the rainfall reaching fifty-six hundredths of an inch.
The thermometer has ranged from 54 to 86, averaging 70.
During the month of September the rainfall was two inches
and fifty-seven hundredths.
Luting, Texas.—There has been rain on one day during the
week, the precipitation being ten hundredths of an inch.
Average thermometer 68, highest 84 and lowest 52. During
the month of September the rainfall reached ninety-two
hundredths of an inch.
Columbia, lexa s.—We have had rain on two days of the
week, the rainfall being two inches and seventy-four hun­
dredths. The thermometer has averaged 71, the highest
being 92 and the lowest 50. Rainfall for the month of Sep­
tember three inches and seventy-six hundredths.
Cuero, Texas.—There has been rain on two days of the past
week, the rainfall reaching two inches and fourteen hun­
dredths. The thermometer has averaged 71, ranging from 54
to 88. Rainfall for the month of September two inches and
forty-five hundredths.
Brenham, Texas.—It has been showery on one day of the
week, with rainfall to the extent of eight hundredths of an
inch. The thermometer has ranged from 52 to 92, averaging
72. September rainfall eighteen hundredths of an inch.
Belton, Texas.—We have had rain on two days of the past
week, the precipitation being one inch and seven hundredths.
Average thermometer 70, highest 92 and lowest 48. During
the month of September the rainfall reached one inch and
sixty hundredths.
Port Worth, lexas.—We have had rain on one day during
the week, the precipitation being sixty-five hundredths of
an inch. The thermometer has averaged 68, the highest be­
ing 89 and the lowest 47. During the month of September
the rainfall reached one inch and ninety-one hundredths.
Weatherford, Texas.—There has been rain on one day of
the week, the rainfall reaching thirty-four hundredths of an
inch. The thermometer has averaged 71, ranging from 48 to
94. During September the rainfall was one inch and thirtyfive hundredths.
New Orleans, Louisiana.—There has been no rain the past
week. The thermometer has averaged 70. September rain­
fall one inch and ninety-seven hundredths.
Shreveport, Louisiana.—It has been dry all the week. The
thermometer has ranged from 46 to 84, averaging 65. Sep­
tember rail fall seventy-two hundredths of an inch.
Columbus, Mississippi.—Telegram not received.
Leland, Mississippi.—Rain has fallen during the week to
the extent of fifteen hundredths of an inch. There has been
a light frost this week. Average thermometer 63'7, highest
94 and lowest 42. During the month of September rainfall
was five hundredths of an inch on one day.
Vicksburg, Mississippi.—Dry weather has prevailed all the
week. The thermometer has ranged from 44 to 82, averagng 64.
Little Rock, Arkansas,—There has been but a trace of rain
the past week. Average thermometer 61, highest 79, lowest 44.
Helena, Arkansas.—Cotton is being picked and marketed
rapidly. We have bad light rain on one day of the week, the
precipitation being forty hundredths of an inch. Light frost
on Wednesday. The thermometer has averaged 60, the high­
est being 76 and the lowest 42. During the month of Sep­
tember the rainfall reached eighty-five hundredths of an
inch, on five days.
Memphis, Tennessee.—The weather has been dry all the
week, with light frosts on Monday, Tuesday and Wednesday
mornings throughout this section. No damage reported.
Picking ar d marketing are active. The thermometer has av­
eraged 60 4, ranging from 44 to 78’ 2. During the month of
September the rainfall reached seveDty-three hundredths of
an inch, on seven days.
Nashville, Tennessee.—There has been no rain during the
week. 1 he thermometer has ranged from 37 to 82, averaging
58. September lainfall six itches and sixty-nine hundredths.

fVoL. L X I .

Mobile, Alabama.—Picking is active but the crop short.
We have had no rain during tne week. Average thermom­
eter 69, highest 89 and lowest 50. During the month of Sep­
tember the rainfall reached one inch and sixty-eight
hundredths.
Montgomery, Alabama.—Picking, marketing and selling
are going on rapidly. We have had no rain in over three
weeks. Frosts occurred in Northern Alabama on Monday.
The thermometer has averaged 67, the highest being 79 and
the lowest 54. During the month of September the rainfall
reached seventy-four hundredths of an inch,
Selma, Alabama.—There has been no rain during the
week. The thermometer has averaged 64, ranging from
44 to 85.
Madison, Florida.—Moisture is badly needed to mature the
lop crop. Dry all the week. The thermometer has ranged
from 55 to 94, averaging 70.
Columbus, Georgia.—W e have had no rain during the
week. Average thermometer 67, highest 86 and lowest 47.
Savannah, Georgia.—W e have had rain on two days dur­
ing the week, the rainfall reaching two hundredths of an
inch. The thermometer has averaged 71, the highest being
93 and the loweBt 52. Rainfall for the month of September
two inches and seventy-two hundredths, on nine days.
Augusta, Georgia.—The weather has been clear all the
week. The thermometer has averaged 66, ranging' from 46
to 91.
Albany, Georgia.—Telegram not received.
Charleston, South Carolina.—W e have had no rain the past
week. Average thermometer 70, highest 91, lowest 53. Sep­
tember rainfall six inches and ninety-four hundredths.
Stateburg, South Carolina.—Dry weather has prevailed all
the week and at the close the weather is much cooler. The
thermometer has averaged 68’ 1, the higlies; being 89 and the
lowest 44. September rainfall eighty-three hundredths of an
inch.
Greemvood, South Carolina.—Cotton is practically all open
and is being gathered rapidly. There has been no rain dur­
ing the week. The thermometer has averaged 65, ranging
from 51 to 78. September rainfall ten hundredths o f an inch.
Wilson, North Carolina.—We have had no rain during the
week. Light frost has occured but no damage. The ther­
mometer has ranged from 42 to 86, averaging 66.
Che following statement we have also received by telegraph,
snowing the height of the rivers at the points named at
8 o’clock October 8, 1895, and October 4, 1894.
Oct. 3, ’ 95.
Feet.
36
09
07
27
0*3

New O rleans............ ..A b o v e zero of gauge.
Memphis................... ..A b o v e zero of gauge.
Nashville................... ..A b o v e zero o f gauge.
Shreveport .............. ..A bove zero o f gauge.
Vicksburg................. .A bove zero o f gauge.
* Below zero ot gauge.

Oct. 4, ’94.
Feet.
3*6
08 .
*0 4
*3 3
04

I n d ia 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 receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to October 3.
B O M B A Y R E C E IP T S AN D SH IP M E N T S F O R F O U R Y E A R S .

Shipments this week.

Shipments since Sept. 1.

Great
Year Great Conti­
Brit’n. nent. Total. Britain
1894
1S93
1892

1,000
5.000
8.000

1,000
5.000
8.000

5.000
1.000

Conti­
nent.
20 000
8,000
20,000
14,000

Oontinent.

Calcutta—
189ft......
1894......
M a d ra s1 8 9 5 ..
. 3.000
1 8 9 4 ..
. 1.000
All others—
2,000
1895........
1,000
1894
....................

20.000 10.000
13.000 2.000
21.000 12,000
14,000 3,000

Since
Sept. 1.
43.000
16.000
35.000
13.000

Shipment! lince Sept 1

Shipment! for the week.
Great
Britain,

Receipts.
This
Week.

Total.

Total,

Great
Britain.

Oonttneni

1,000
1,000

1,000
1,000

2,000
2,000

Total

1,000
1,000

4.000
2.000

5.000
5.000

3.000
4.000

8,000
9,000

1,000
3,000

3.000
4.000

6,000
4,000

7.000
9.000

13.000
13.000

Total a l l 5.000
2,000
1895
....................
2.000
4,000
1894.........

7.000
6.000

12,000
10,000

11,000
14,000

23.000
24.000

The above totals for the week show that the movement from
the ports other than Bombay is 1,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1895, and for the corresponding
periods of the two previous years, are as follows:
■ X P O R T 8 TO B D R O P B F R O M A L L I N D I A .

This
week.

B o m b a y .----All other ports.

11,000
7,000

1893.

1894.

1895.

Shipments
to ull Europe
from—

Since
Sept. 1.

This
week.

Since
Sept. 1.

Thil
week.

Since
Sept. 1.

5.000
5.000

21,000
20,000

37,000 10,000
7,000
43,000
18,000
T ota l.. —
V.. k x a n d r i a R e c e i p t s a n d S h ip m e n t s .— Through

41,000

20,000
23,000

1,000
6,000

13.000
24.000

arrange*
ments we have made with Messrs. Davies, Benachi & Oo., of
Liverpool and Alexandria, we now receive a weeklv cable of
the uovements o f cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two yearn.

Alexandria, Egypt,
October 3
Receipt* (can ters*)....
This week . . .
Since Sept. 1.

1893.

1894

1895.

40.000
71.000

150.000
245.000
Since
TM i
week. Sept. 1.

Exports (bales)—
To L iv erp o o l____ . . .
To C ontinent)....... .

35.000
51.000

This
Sine*
week. Sept. 1.

This
Sltict
week Sept. 1

5.000
2.000

10,000' 3.000
1 2 ,000; 2.000

9,000
11,000

^
8 ^ lbs. Shirt- CotTn
SH lbs. Skirt] Cotl’ n
32s Cop. ings, common Mid. ***? yVP' lings, common Mid.
Twist.
Uplde
to finest.
j TJplila Tmst. , to finest.
d.
A
3 96
3>*96
3te*6
4 »«
5 06
6 96

'
6
6
6
6
7%
9

A,
rt is.
d
* > 5#, »8 »,a U
44, 5 K , s * 6 3s 14
4®,., 5 1 3 ,.96A> !4
4% 5 l ' l e 9 6 % 4
411,* V k 9 6 N 4
413, „ » » l 9 6 V 4

e at;
6 4 ,9 6
6L ,*S
6 SO
5 ne
5 te»8

6
,7
7
6
iq
5

3” ,8
3V
321 2
3 Ml, J
fm
3te

C o t t o n C o n s u m p t io n a n d O r E B U S O M o v e m e n t t o O c t . 1.

—In our editorial columns to-day will be found our usuaj
overland movement brought down to O c to b e r 1.
S e a I s l a n d C o t t o n M o v e m e n t . — We have received th a
(Friday) evening by telegraph from the various ports tie
details of the Sea Island cotton movement for the week T ie
receipts for the week ending to-night (October 4) and sin e
Sept, 1 , 1 8 8 5 , the stocks to-night, and the s a m e items for tt e
corresponding periods of ISM, are as follows.
Stock

1894,

1895.
Receipts to Oct, 4.

This
Since
This | Since
week. 'Sept. 1, week. Sept. 1. 1895.
333,;

583

Toted............................

1894

2.3g ^
170

7,0®g
293

4,095
500
539

6,143
6 1^
515

3,009 [

8,222

5.134

7,307

The exports for the week ending this evening reach a to* l
of 139 Ikales, of which 73 bales were to Great Britain, 84
to France and — to R c v a i , and th** amount forwarded lu
Northern mills has been IM bale*
Below are the export*
for the week and since September 1 in 1895 and 189-1.
Week .E nding Or#. 4. i Since Sept- X, 1895.. tiorihf\i Bui*
’ &r€t$f i
j Ortni i; Fr'nee l
Brit*n. j dc. j.- TotsU. |B H tn \

Total.

T o t a l........
Total 1894

[ thne*
Week. SeptA
lm[

Bmrwnn&h.,. i
Florida, See. \
Slow Tot k ..
Brntora .
Baltimore ,. \

365

’ *•*--■
’ UJ

75

Cotton
Y ork :

M ovem ent

F l u c t u a t io n s ,

and

1890-95.— N e w

L a t h a m , A le x a n d e r & C o .— (T w e n t y -S e c o n d A n n u a l

Oil
80|

17.17.

**im

139^

76

u?

60 m

t ill
17‘/ I

320'

190

.....
305

6 7 rfi 1.423

A considerable portion of the Sea Island cotton shipped tu
foreign porta goes via New York, and some small amounts vis
Beaton and Baltimore, Instead of including this cotton fo
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table o f including it whet
a c tu a lly exported from New York, ate. The details of the
shipment* of Sea Island cotton for the week will be foup<
under the head “ Shipping News,” on a subsequent page.
Quotation* October 4 at Savannah, for Florida*, common,
9c.; medium line, 1 2 c-,; choice,
Charleston, Carolina*, medium tine, 19 to 80c ; line, 84 to
26c,; extra fine, 25c.
L i v e r p o o l S t o c k .— A r e -o o o n t of th e s t o c k o f cotton at
L iv e r p o o l w a s m a d e o n Saturday last, September 28, and it
d isclo s e d an in c r e a se c o m p a r e d w ith the cam m a te d ft i urea of
154 b a les, th e a c tu a l s t o c k b e in g 1,087.154 hales. The total
of A m e r ic a n w a s 924,9113 bales, o r 3,067 bales less than th*
r u n n in g count; an d of a ll o t h e r s th e a g g r e g a te was 1 1 2 ,2 2 1
ba les, or 3,221 ba les m o re than the weekly e stim a te .
JI'TK B c m , B a g g i n g , A c , — T h e r e has b e e n o n ly a m o d e r ­
ate d e m a n d fu r ju t e b a g g in g d u r in g th e week u n d e r review,
b u t th e c lo s e is ste a d y at d ig ” , for
l t » . , 4 * j c . for 2 U><
*nd 5c. fo r sta n d a rd g ra d e s in a jobbing way
Car-load lota
o f sta n d a rd b ra n d * are q u o te d at JJ.ja, for 1 M lbs., 4s8'c. for
2 lb s, a n d 3l>c. for 2 ** lb s., f . o. b, at New York. J u t « butts
o n th e sp o t h a v e b e e n q u ie t on the ba-ba of lc. for paper
q u a lity an d lj-£c. fo r m ix in g .
Burging quality is nominal in
th e »b-ence o f s to ck ,
The deliveries o f jute butts and rejec­
tions a t N e w York a n d Boston during September were nil
a g a in s t 15,097 bales fu r the sa m e m o n th last v e a r, an d fo r the
nine m o n th s the deliveries r e a c h e d 382,908 bales against

•302, iW bale* in 1894,

C o . f o r a h a n d s o m e ly

The aggregate stock in the hands of

bound

copy

o f th e

t w e n t y -s e c o n d

a n n u a l issu e o f th e ir v e r y u s e fu l p u b lic a t io n ‘ C o tt o n M o v e ,
m e n t a n d F lu c t u a t io n s .” T h e v a lu e o f th e b o o k h a s b e e n
fu r t h e r in c r e a s e d b y
fe a tu r e s

of

th e a d d it io n o f n e w

fo r m e r

T here a re a

e d itio n s

num ber

of

n e v e r th e le s s

a r tic le s

of

m a tte r , a ll th e
b e in g

r e ta in e d ,

c o n s id e r a b le

in te r e s t

s p e c ia lly p r e p a r e d f o r t h e p u b lic a t io n , a m o n g w h ic h m a y b e
m e n t io n e d a g e n e r a l r e v ie w o f t h e N e w Y o r k c o t t o n m a r k e t
fo r

1S94-95 b y

E llis o n

1894.

1895.

#.
4
4
4
4
4
1

im p o r te r s a n d sp e c u la to rs at N e w Y o r k a n d B o s to n o n S e p ­
te m b e r 30 w a s 2,300 a g a in s t n il a t th e c o r r e s p o n d in g d a te in
1894, a n d th e a m o u n t a flo a t f o r th e B a it e d S ta tes re a c h e *
50,405 bales a g a in st 28,414 b a le s la st y ea r.

E d it io n .)—W e a r e in d e b t e d t o M essrs. L a t h a m , A le x a n d e r &
7.000
9.000

6,000
3,000

Total E urope_____ 9,000 16,000 7,000 22,000' 5,000 20,000
* A. cantar is 98 pounds.
,
, ,„„,
•bales; in
t Of which to America in 1395, 890 bales; in 1894,
1 8 9 3 ,9 6 0 bales.
M a n c h e s t e r M a r k e t . —O a r r e p o r t r e c e iv e d b y c a b le t o n ig i t
f r o m M a n c h e ste r sta te s t h a t th e m a r k e t c o n t in u e s s t r o n g fo r
y a r n * a n d firm f o r sh irtin g s . P r o d u c t io n is b e in g c u r ta ile d
m o d e r a t e ly . W e g iv e th e p ric e s fo r t o -d a y b e lo w a n d le a v e
th o se fo r p re v io u s w e e k s o f th is a n d la st y e a r f o r c o m p a r is o n :

e
e
A s.30 5% OB A
6
«6T8
Sep. 6
« 13 6 i ,, s i r ,
" 20 - B e » r
27 <>?■•« # 7 4
Get. 4 l « n ts « 7 te

623

THE CHRONICLE.

October 5, is»5,]

w h ic h

&

C o .,

th e p u b lish e r s
on

th e

t h e y r e v ie w

and

co tto n

a

th e p a st sea son

p ro s p e c ts f o r 1895-96.

le t te r

in d u s tr y
and

fr o m
in

M essrs,

E u rope,

rem a rk

in

u p o n th e

M r. E llis o n a lso c o n t r ib u t e s a p a p e r

o n th e c o t t o n tra d e o f I n d ia .

B r ie f r e fe r e n c e is m a d e t o

th e C o tto n S ta tes E x p o s it io n a t A t la n t a a n d a s h o r t s k e t c h o f
M r. J u liu s S t e ilin g M o r to n , U . S . S e c r e t a r y o f A g r ic u lt u r e , is
g iv e n . O th e r a r ticle s c o v e r th e p r o d u c t io n a n d d is tr ib u tio n
o f o u r c o tt o n c r o p a n d S o u t h e r n c o t t o n m a n u fa c t u r e . R e­
m a r k s e x p la n a t o r y o f c o n t r a c t s fo r fu t u r e d e liv e r y w h ic h a p ­
p e a r e d in p r e v io u s e d itio n s a re r e ta in e d , as w e ll as th e f o r m o f
c o n t r a c t in u se o n t h e N e w Y o r k C o tt o n E x c h a n g e .

T h e sta ­

tistic a l m a tte r in c lu d e s flu c t u a tio n s o f c o t t o n fo r fv t u r e d e liv
e r y in N e w Y o r k a n d L iv e r p o o l f o r fiv e y e a r s an d e x te n s iv e
tables o f r e c e ip ts , e x p o r t s , to ta l c r o p , e t o ., b r o u g h t d o w n to
th e c lo s e o f th e c o t t o n y e a r o f 1894-95.

T h e p u b lic a t io n is o n e

w h ic h w ill n o d o u b t p r o v e v e r y u s e fu l a n d in t e r e s tin g .
Ah i t p i n o N e w s . — T h e e x p o r t s o f c o t t o n f r o m t h e U n ite d
4rates th e p a s t w e e k , a s p e r la t e s t m a il r e tu r n s , h a v e r e a c h e d
42,381 b a les, S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e 1, th ese
are t h e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d in
tn e C h r o n i c l e la st F r id a y .
W it h r e g a r d to N e w Y o r k w e
include th e m a n ife s ts o f a ll v e s s e ls c le a r e d u p t o T h u r s d a y .
Total balm.
New Y o rk -T o Liverpool, per steamer Noiuadio. 1,816 upland
1,891
and 75 Sea Island......................................................................
To Hull, per steamer Chicago, 1.001........................ ................ 1,061
To Havre, pot-steamer La Champagne, 300 upland and 64
364
Sea Island......................- ...........
.— -- —
—
To Bremen, per steamer* Alter, 3 0 0 — .CreXeid, 2,532 —
3,932
Kaiser Wilhelm II , 1,1 00...................................................— 153
T o Hamburg. p*>r steamer Taormina, 153 ....... ................ .
54
To Rotterdam, per steamer SVerkendam, 5 1 ...........................
300
To Antwerp, per steamer Noordiand, 3 o 0 .----------------------- 546
To (tenon, p er-tcam er California, 5 16
.....
500
To Naples, per steamers California, 600 ...N e u s tr li, 2 0 0 ...
New O blb ass —T o Liverpool, per steamers Navigator, 3,734
8,231
...W illiam CJltffe.4.497 .. .......... ......................................
6,645
Galv eston —To Liverpool, per steamer West Indian, 6,845. .. .
To Bremen, n*r steamer O ronssy, 3,965 ................................. 3,905
4,300
S avannah —T o Barcelona, per steamer P Ktlao, 4 ,3 0 0 ...............
65
N o n r o u t—To Hamburg, per steamer Holyrood, 05
Boston —To Liverpool, per steamers Kansas, 219 — Victorian,
-1,470,................................................................................... ......... 4,689
Ba l t im o r e - T o Liverpool, per steamer Rossmore, 1 ,4 9 6 ....
Uistermore, 3,489 . . .
... - .............................................. 4,985
400
To Bremen, per steamer Dresden, 40 0.......................................
T

o

t

a

l

. . . . . . . . . . . . . 42,331

Cotton freights the pitat w e e k have been aa follows;________
Salur.

Men.

Tuck.

Wedncs. Thun.

rvi.

Liverpool.......
3SS
:1.1l
»S3
3a*
....
....
....
....
Do
aeked.d.
....
....
h
>6
RTavre.. . . . . .
%
>«
>«
....
...
....
....
D unkirk. . . . . ___ e.
....
251
251
25 f
251
251
Bremen.............e .
251
....
....
....
....
....
Do .............. .c.
....
>4
H
>4
u
H amburg...........e
M
*4
....
....
....
..
....
Do
............d
251
251
251
25*
25
Amsterdam, Oet.r. 2 0 9 2 I I
110,® 3 ,e l l M'Uaie u 8 ta a ,e u e4®3te “ h ® 3! !
Kam i, v. Hamb.ot.
Do v. Httll...d. 1 1 «,9 3 „
h 64s !,18 11*4-»3,t 1 1 (4 ® V
....
....
....
....
....
B arcelona,.........et.
....
U en oa ............... d. * . . « « s 17, S-S j I712S 532 l7U8-S,72 ^ l i e V s
Trieste, October,!*, 5,3 *11 , 3ss *u ei > »s* u n B33U,Ufll V ® U84 SSS®D84
32
V
»S>
in tw erp . . . . . . . . *
Hi
Hu
’-<t>
Ifl
Ghent, v, Aut«'p,</
H
te
’ *4
1 Cents net p er 100 lbs.
L i v e r p o o l .— B y c a b le fr o m L iv e r p o o l w e h a v e t h e f o l l o w l a g
statem ent- o f rh e t^eei?’ - sate*, s t o c k s , Sen. , a t t h a t nor*_________
Sept. 13

«»}<;« of the w eek.,....... .bales.
U! wnloh exporters t o o k ....
0 1 which speculators took ..
»le« tm ertean......................
w om a ie x w o rt............ . . . . . . . .
*‘or w ard ed..._____ ............

total stock—Estimated............
Of which American—Estlm ’d
otal Import o f the w eek........
O ! which American ............
mount afloat........................
' i f which A m erican..............

42.000

2 , mo
2,200
35.000
5.000

Sept. 20.
61,000
2,000

300
53.000

Sept. 27
101,000
2,500

3,300

88,000
10,000
9.000
59.000
49.000
43.000
1,145,000 1,094,000 1,037,000
i ,0*0,000 976,000 928,000
12.000
8.000
8.000
9,000
4,000
4,000
55.000
19.0 0 34.000
49.000
30.000
13.000

Or.l.

4.

75.000
1,000
2,»00
66.000
6,000
69.000

984.000
874.000

21.000
13.000
00,000

56.000

THE CHRONICLE

624

V o l . L X I.

D A IL Y CLOSIN G P R IC E S OP NO . 3 R E D W IN T E R W H E A T .
The tone of the Liverpool market for spots and futures eai h
Sat.
Mon.
Tues.
Wed. Thurs. Fri
day of the week ending Oct. 4 and the daily closing prices
67% 65
6«
64%
64%
Ootober delivery.............e. 6 i
of spot cotton, have been as follows r
December delivery.........o. 67%
69% 67
68
66%
66%

Saturday Monday. Tuesday. Wed’ day Thursd’ y. Friday.

Spot.
Market, (
1:45 v. m .$

Firm.

Good
demand.

Fair
business
doing.

Good
demand

M ld.Upl’de.

l l l !6

42l, 2

413la

4 ii ia

S ales....... .
Bpec. & exp.

12,000
1,200

12,000
1,000

12,000
1,000

12,000
1,000

Futures.
Busy at
Market, j 2-04
de1:45 p. m . \ oline.
Market, ? Irregular.
4 P. M. (

Firm at Steady hi
1-64 @5-64 3-64 adadvance.
vanoe.
Very
steady.

Barely
steady.

SJasy ai
0-64 deoline.
Irregular
and
unsettled.

Marob d elivery..............o...........................
May delivery................... o. 71%
72%

70%
70%

71%
71%

70%
70 %

___
69%

Iadian corn futures have been fairly active, but prices have
Fair
Good
declined under free offerings prompted by large crop esti­
demand. buslnea%
doing.
mates. In the spot market business has been fairly active, as
shppers have been moderate buyers, but prices have weak­
41316
423^2
ened with futures. Tne sales yesterday included No. 2 mixed
12,000
10,000
at 38c. delivered and
over October f, o. b afloit. To­
1,000
500
day the market was quiet hut steady. The spot market was
quiet; the sales included No. 2 mixed at 2%c. over October
steady at Steady at
t o. b. afloat.
1-64 ad2-64 ad
vanoe.

vance.

Firm.

Bare lj
steady.

DAILY CLO8IN0 PRICES OP NO. Z MIXED CORN.
Sat.
Mon.
Tues.
Wed. Thurs.
375s
37%
Ootober delivery ...
36%
37
36%
37%
37
November delivery. ...e . 37*4
3631
36%
3S%
1>ecember delivery. . . . 0. 36*4
36
35%
35%
3530
May d eliv e ry .......... .
35%
35%
3538
35%

*>».
36%
36%
35%
35 3g

The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
Oats for future delivery have been moderately active, but at
the basis of Uplands, Low Middling clause, unless otherwise declining prices, due to free offerings prompted by a large
stated:
movement of the crop in the interior. In the spot mirket
t y The prices are given in pence and 64ths.
Thus . - 3 63 m ea n * business has been quiet and prices have declined. The sales
3 83-64d., and 4 01 m eans 4 1 -6 4 d.
yesterday included No. 2 mixed at 23b£@33j^c, in elevator
and No. 2 white at 25J^c. in elevator. To-day the market
S a t ., S ep t. 2 8
M on ., S ep t. 3 0 .
T u e s ., O ct. 1.
further declined under a continued free movement o f the
The sales iuclud-d No. 2
Open High Low. Cl08. Open High Low. Clos. Open High Low. Ol08. crop. The spot market was quiet.
mixed at 23 to 23i^c. in elevator and N >. 2 white at 25]^c. in
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
elevator.
September..
Sept.-Oct.
Oet.-Nov....
Nov.-Dee...
Dec.-Jan..
Jan.-Feb..
Feb.-Mch.
Mch.-April.
April-May..
May-June..
June-July..
July-Ang...

4 39
4 39
4 39
4 89
4 40
4 41
4 42
4 43
4 45
4 46
*4 47

4 39
4 39
4 39
4 39
4 40
4 41
4 42
4 43
4 45
4 48
4 47

4 39
4 39
4 39
4 39
4 40
441
4 42
4 43
4 45
4 46
4 47

4 39
4 39
4 39
4 39
4 40
4 41
442
4 43
4 45
4 46
4 47

W e d ., Oct. 2 .

4 44
4 43
4 42
4 42
4 43
4 44
4 40
4 47
4 48
4 50
4 51

4 44
4 46
4 45
4 45
4 40
4 47
4 49
4 50
4 51
4 62
4 54

4 44
4 43
4 42
4 42
4 43
4 44
4 46
4 47
448
4 50
451

446
4 40
4 45
4 45
4 46
4 47
4 49
4 50
4 51
4 52
4 54

T liu r s. Oct 3 .

Open High Lota. Clos. Open High Low. Clos.
October....
Oct.-Nov..
Nov.-Dee...
Dec.-Jan...
Jan.-Feb....
Feb.-Mch.
Mch.-April.
April-May..
May-June..
June-July
July-Aug...
Aug.-Sept..

d.
4 41
4 40
4 40
4 41
4 42
4 43
4 45
4 48
4 47
4 48
4 5'J

d.
4 41
4 40
4 40
141
4 42
444
4 45
4 46
4 4?
1 48
4 50

d.
4 41
1 40
4 40
4 41
4 42
i 43
4 45
4 48
4 47
4 48
4 50

d.
4 41
t 40
4 10
4 41
4 42
4 43
4 45
4 47
4 40
4 48
4 50

D A I L Y CLO SIN G P R IC E S O P N O . Z M IX E D O A T 8.

4 47
4 47
4 47
4 49
4 49
4 50
4 52
4 53
4 51
4 58
4 57

d.
4 44
4 43
4 43
4 44
4 46
4 47
4 48
4 50
4 51
4 52
4 63

d.
4 41
4 40
4 40
4 47
1 48
4 49
451
4 52
4 63
4 54
4 50

d.
4 44
4 43
4 43
4 44
4 40
4 47
4 49
4 50
4 51
4 52
4 53

d.
4 47
4 46
4 40
4 4:
4 48
4 4*4
4 51
4 52
4 63
4 64
4 50

4 47
4 47
4 47
4 49
4 49
4 50
4 52
4 53
4 54
4 56
4 57

4 46
4 40
4 45
4 46
4 48
4 40
4 50
4 52
4 53
4 54
4 55

4 40
4 46
4 45
4 47
4 48
4 49
4 50
4 52
4 53
4 54
4 55

F r l ., Oct. 1.
♦pen High Low. Clos.
d.
4 0
4 49
4 49
4 5i>
4 51
4 63
4 54
4 55
4 67
4 58
4 59

d.
4 50
4 49
4 49
4 50
4 51
4 53
4 54
4 50
4 57
4 59
4 59

d.
4 47
4 43
4 46
4 47
4 48
4 50
4 51
4 52
4 54
4 55
4 57

d.
4 47
4 46
4 40
4 47
4 48
4 50
4 51
4 62
4 54
4 55
4 57

B R E A D S T U F F S .
F r i d a y , October 4, 1895.
Early in the week the demand for the trade brands of
wheat flour was fairly active, owing to a further advance in
the grain, and prices in some instances gained an additional
5c. per barrel; but subsequently demand became less active
in consequence of a reaction in wheat, but prices were steadi ly
maintained. City mills have been in fairly g o o i request at
full values. Rye flour has been without change. Buckwheat
flour has been in fair supply, but demand has been poor and
prices have declined. Corn meal has been in fair demand for
the choice grades and steady. To-day the market for wheat
flour was quiet but held steady.
Speculation in the market for wheat futures was fairly act­
ive early in the week and prices advanced on c m inued bu y­
ing by leading “ shorts” both here and at the West to cover
contracts, stimulated by stronger foreign advices, a disap­
pointing increase in the visible supply, a large decrease in the
world’s weekly shipments to Europe and unfavorable weather
both here and in Europe for the planting of the new crop.
Subsequently, however, weaker advices from abroad promptsd realizing sales by longs under which all of the im prove­
ment was lost. In the spot market a small business has been
transacted with shippers and prices have advanced slightly.
The sales yesterday included No. 2 red winter at l^c. over Decf.o.b. afloat; No. 1 Northern at
over Dac. f.o.b. afloat
and No. 1 hard spring at l% c . over Dec. delivered and %%c.
over Dec. f.o.b. afliatfor old; also do. at 2V^c. over Dec. f.o.b
afloat for new. To-day the market further declined under
liquidating sales by “ longs,” prompted by a heavy movement
of the crop at the Northwest and dull and easier foreign ad­
vices. The spot market was dull and easier. The only busi­
ness reported was choice red winter on private terms. No. 2
red winter was quoted at Dec. price to
over f. o.b. afloat
and No. 1 hard spring at 2 ^ c. over Dec, f.o.b. afloat.

October d elivery___ ...c .
November d elivery ..
1>eoember d eliv ery ......c .
May d elivery..........

8 at.
24%

Mon.
24
24%
2 4%
25%

2434
25%

Tues.
23%
23%
24
25%

Wed.
23%
23%
24
25%

Thurs.
23%
23%
23%
25%

fV;.
23
23%
23%
25%

Rye has been q liet and unchanged. Barley has sold slowly
and prices have weakened slightly.
The following are closing quotations :
FLOUR
Pine..................9 bbl. $2 15® 2 20 Patent, w inter.......... $3 4 5 ® $ 3 75
Superfine.................... 2 15®
260 City m ills ex tra s....... 4 00 ® ___
Extra, No. 2 ............... 2 25®
270 R ye flour, Buperflne.. 2 50® 3 00
Extra. No. 1................ 2 50®
2 90 B uckwheat flou r___ _ 1 6 5 ® 1 7 5
Cfleara........................... 2 70®
3 20 Corn m e a l345
Straights.................... 3 20®
w estern, <fco............ 2 50® 2 55
Patent, sprin g.......... 3 25® 3 75
Brandywine.
2 60
IWheat Hour in saoks sells at prices below those fo r barrels.
G R A IN .

Wheat—
Spring, per b u sh ..
Red winter No. 2 ..
Bed w in ter............
W hite......................
Oats—M ixed, per bu.
White.......................
So. 2 m ixed ..........
Kfo. 2 w hite............

0.
64 n
64% ©
60 'W
65
23
24% ®
23 'd
25% ®

Cora, per bush—
0.
1
West’ n m ix e d ..___ 36% » 39%
No. 2 m ixed.......... 37 ® 39
Western y e llo w ... 37 ® 39
Western W hite___ 37 ® 39
R yeWestern, per bush. . . . . ®
—
State and J e r se y .. 40 ® 48
B arley—W estern___ 43 a 48
State 2-rowed..................®
___
8tate 6-row ed..................®
—

0.
69
66%
70
6H
25%
30
24
26%

The movement of breadstuffs to market as indicated in the
statements below is furnished to us by the Statistician of th*'
New York Produce Exchange. W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Sept. 28, 1895,
and since August 1. for each of the last three years:
_____
flour.
Wheat.
Com.
Oats.
Rys.
Bariev.
Bbls.imbs Bush.QO lbs Bush. 50 lbs Bush.82 lbft BusKiRlh Bu.50 lbs
10,900
03,183
373,837 2,151,089 3,02^,385
814 700
Chicago.......
357,000
22,100
290,000
37,200
65,500
718 000
Milwaukee..
100,640
1.925,190
24,158
39,197
138,815
Duluth.......
2,561,650
7,110
Minneapolis.
3,400
1,745
170.5 0
151,300
27.900
600
Toledo........
2,750
26,2 H
18 790
30,35 i
3,800
Detroit.......
1,309
46,923
13,967
3,795
Cleveland ...
17,590
305,200
2.023
271,668
186,185
3,927
St. Louis......
1,200
5,550
299,400
505,750
30,600
23,100
Peoria.........
Kansas City.
180,746
Receipts at—

Tot.wk.’95.
Same wk,’94.
Same wk,’93.
Since Aug. 1.
1895 .........
1894..........
1893..........

318,317
319,248
362,214

5.945.004
5,43 5,254
6,191.031

2.839,768
1,529,417
4,217,872

4,292 652
2,0:9,160
3,722,748

1,702 962
1,564,298
1,241,785

78,781
54,041
157,487

2.19L.043 39,934,142 20.071,512 24,963,239
2,973,041 51,590,442 14,389,285 23,914,395
2,921.819 38.489.269 29 891,147 2^.9^6.094

5,247,793
7,820,988
2,483.249

609,194
525 993
725.6*4

he receipts of flour and grain at the seaboard ports for tl e
week ended Sept. 28, 1895, follow:
Flour,
hhls.

Wheat,
hush.
1,090,<'00
;5,5 0
139,126
19,057
29 023
19,010
2.183
325
15,77 7

at—
New Y ork...........
Montreal
Philadelphia .......
Baltimore...........
Richmond ..........
New Orleans .....
Week 1894 . ......

Corn.
882,150
100,55 2
114.001
52 520
152.229
1.489
209,940

Oats,
593.500
125,012
10,561
84.070
49,948
9,952
51,496

.. 401,750 1.371,127 1,632,880
931.127
2.320,708 573.723 1,488,839

Barley
bush.
000
9,600

10,200
82.850

R /«.
wish.
2,925
607
5,356
2,890
11,778
37,885

the total receipts at ports named in last table from Jan. 1
to Sept. 28 compare as follows for four years:
1895.
12,125,063

1894.
14,990.354

1893.
14,125,753

1892.
14,185,067

28.105,213
35,* 97.565
29,757,082
l,6i-8.482
354,902

41,682 297
30,998,733
33,612 574
2,112.549
282.171

73,444.670
40,706,799
38.534,507
2,766.978
924,937

92,792,410
72.455,839
43,778,127
3,188,800
3,2:9,712

Total grain ......... 94,923,224

114,688,324

153,437.951

214.433.888

'"ceipt8 of—
Flour ............ ..bbls.
Wheat............ .bush.
Corn ................ . “
Oats ............. . “
Barley............. . “
Rye.................. . “

The exports from the several seaboard ports for the wee.
ending Sept. 28, 1895, are shown in the annexed statement:

October a, 1895.]

THE CHRONICLE.

Wheat*
bush.
. 4*3JU2
Boston .......... , 123.172
P ortla n d . . . . . . . . . .
P h ila d e lp h ia .......
N ow O r l e a n s ........

Norfolk

..........

300

N ew port N ews . . . . .

Com ,
bush.
590.438
224.134

F lo w .
hbls.
S'5T40
41.608

Oats,
bush.
36,019
1,350

27,928
51.4^9
237,1315

IM S
55,3’54
1,292

’ 10,000

R ye,
bush.

P eat,
teish
4,948

67.571

iei.131

‘ 44*822

.

6SA.440
1.354.332

1,21)7.634
58,041

vic=oosu«vi.iuu u i

u ic o c

27,009

230.759
234,716

K A pu ru j

53,339
14.530

" 32.017
4<.413
LUcS W 6 6 K a n u S1QC6

iU i

Sept, t, 1895, is as t- tow, We add the totals for the corresdonding periods of last year for comparison:
-tVhmt__

-F low .--------- ,
B x p o ru 1at
W
tek
SS
in
uO
Sept*
"W.
U
TtM
C
w eft and wince Sept. SX. U 1885.
Sept, 1 to—
able
1*55 718
010,633
Contlnetjt
8 940
152
3 , & V. A m orim ,
2»,m 7
158? 762
VTasfc India*
2*77 i
90,728
Brit. S. A. Col’ s.
24,3*8
O th er eoantries.
894
2,900
T o t a l.....
T o ta l £004..

230,759
234,710
'

W eek

Since Sept.

wbush."

bush.
742.-08
143,015
306

s truth.
Z v r ihush.
ir -

3,079 726
633,164
300

656.422
501,921
20.930
21,135

62,158

3,220

3.775,344
6.426,499

2,207,034
58,044

884,449
010.535
U’ 43,433
T ” 1,304.362
*

2,701,722

2.hm.m
77,418
85.005
23,80 s

MU8

5,006,858
898
S234
HU*CT
5.JU

I’be visible supply of grain, comprising the stocks in granary
at th princifu! o-unts of accumulation at lake and seaboard
ports. Sept. 28. 1895. was as follows:
W«mt,
Com ,
m is
Bar tty
Rv«.
'■Vueergat—
bush.
bmh.
bush.
bush.
bush.
Sew Viirk........
4.115.000
5-38,000
0®
afloat,.
m xm
MJM
AltoUif
m , ooo
BttftUo........
1,98*3,00©
2-40.000- *
13 LOW
1 24 0W
197.000
xSt)
©Stoat-.. . . . .
CM. ^nstti ,
003,000
l?«.00C
115.000
f>o
. ..
0®

......... .
adotki.........

Oo

a flo a t . . . . . .

turn
1*4.000
11.000
Sit 000
Plllliidai'pfeia,......... m&xm
He rt*. .... ....... ... W,Wi
In»laaap».>H#........ ....
117,.000
K t e u .......... 73-4W0
Badtimer©..........
MlnnaapOfiia.
7,4*M,000
Oa *4»***»**}e*©i 0-r«r,
*»**
.... ...
tChUM*
id t t y * * ...
T o r t u t ® ,...... . . . . . . . .

4m o o n
IHhOOO
1545.000

MoRtWMli. . . . . . . . . . __

M,e•?o
u jm
iAjOOO
ft 000
7 1,000
#3,liOO
OOO

Total Sept..:Wt !■*»•>.
Total S ep cti, tflOft 08^MM>OO

5**11.000

Total Sept, SO, |0i0.00^09^000
Total Cwt* 1. 4*M,4?,kO2,«)00

i,*77 l,0*JO
IO,

r^t.000

THE

4?,0Od
mjm

168,000

12.000

6,000
24,000

30,000

DRY

457,'CWO

57.000

Citorfoastiw.

TOfOl Heat. tL

' 40,000

’ ftio e o
tttiM Q

lh)
a flo a t.------- l>#t©Qt|,.
mtMQ
Oo
a f l o a t . , .. ., .
O» wmto ,
sojmm
I 3*&,O0O
s«. beaM
D©
a f l o a t . . .. .. .

* 3,000

2,0 0

1 ,. 00

i t .ooo
t i 0,000
ITOMOO

12000
*$0000

2,000
Ifftjjrkf*
sw oe
ASfjOOO
I<36.000

44,1X0

5**VjW
)
229,’K
m*

«*7*6 0*X>
0J6 0*3*6
% m tM »

4?.«W

1 ,010,000

7,101,000

000,000
4*5«j®0
7 58,000

920,000

GOODS

014,000

625

The value of the New York exports for the year has
been $6,859,000 in 1895 against $8,770,811 in 1894.
A number of advances have been reported in brown goods
during the past week, and at the close 5c. is generally asked
for 4-yard sheetings, 5%c. to 534c. for 3 yard sheetings and
drills and 5%c, to 6 c. for standards. There is no material
change in the demand, buyers in face of the difficulty in
placing orders restricting operations to immediate require­
ments.
In bleached cottons the advance of Lonsdale
4-4s to B’.q'c. has been the most noticeable feature; other
tickets are moving up to a parity therewith, business
meanwhile being moderate Wide sheetings are quiet at
recent advances. Coarse colored cottons ace strong and have
made marked advances in prices in denims, ticks, checks,
stripes, cheviots and plaids. Business is on a moderate scale”
but stocks are welt controlled. Kid-finished cambrics are
firmer under print cloth influences and generally held on the
: basis of 3.?sc. for 64 squares. Fancy calicoes are quiet but
firm; Other regular prints are tending against buyers with an
occasional advance in indigo blue and shirting prints. Staple
ginghams have advanced to 5k£e. for Lancaster & Amoskeag
makes; otherwise giognatns are unalcerad. Print cloths nave
ruled strong throughout the weeu, and after small sales as
3 346c. extras close with nothing available in contracts under
8 ?4'e.
Stock o f Print Cloths—

1895.
Sep!. 28.
----- 98,000

1894.
yep!. *29.
89,000
13 3.000)
135.000]

1893.
3«pf. 30.
171.000
422.000

T o t a l stoottitueoeHi.. ... ... ...2 2 1 ,0 0 0
3 i7,00t»
593,000
W oolks B oons.—The demanu tor men s-wear woolens and
worsted- in light weights has again been of an indifferent char­
acter in the aggregate, although aa occasional fair re-order
demand has been reported, chiefly to low-grade goods. Indica­
tions are not more promising chan before tor medium-priced
lines, i utaide«of serges and Clay worsteds, which are well sold,
and in these grades to cheviots an 1 oassritneres the situati m is
stilt unsatisfactory. High-priced fancies are in quiet request
and generally firm in price. Overcoatings also are quiet
throughout and featureless. Cloakings are in some request,
chiefly in bouil varieties. The demand for spring dress goods
has been on a fair scale and a number of agents rep >rc satisfact­
ory progress at firm nrices in soft wool and worsted fancies
and lustrous effects. Flannels are very firm, with moderate
sales, as are blankets. Carpets firm and in fair demand.
FomEIOk Dry Goons— Lu seasonable merchandise business
has been quiet and cm*fly of a cleantng-up character. The
demand for spring linos in cotton and woolen worsteds and
mohair dress fabrics; continues satisfactory, with prices firm
thr lubout and fair sales for next season are reported in
silks, ribbon-., hosiery, underwear, hoeas, etc.

Importation* aud U'urehou«e with ilrmval* of Dry Good*

TRADE.

The importations and warehouse withdrawals of dry goods
New Y ork . F riday , P. M.. October •), 1895.
at this port for the week ending Octooer 6 , aud since
The upward progress of the market for staple cotton goods January 1 , 1895, and for the corresponding periods of last
has been further attested tbu week by the numerous ad- year are as follows:
r in c fs reported in brown, bleached and colored cottons and
that loo in fat ( of •continued moderate demand from the genfjS S fl
tia»ibt»
chfifftder of tit# dftu&cd, bowfcvpr, sppwant I
Hr m qalie a minor eofisideialioo just now, m the great ma- I f .2
fe’ iH
jonty of sellers are more concerned tn keeping their obliga­
tions within reel rjet ed limits than in sc clung for new busitM»s. at d ate watching the coarse o f the cotton market much
in I re ke«n!y than they are the actions of buyers R» v ma
renal m fact dominates the murker for ail staple goods to
pretty marly the entire exclusion of other influent .-., and
even win re manufacturers are rapidly nearing the comp!*.
g
is e s
ttDB of ofu* f* oft baud they aro eartlm** about sefliait wi th** •
- SMS#*5
p r ^ n t japgo of v«hn 0v Tb'm ftaiur*, m prm hm ly ie* ft> *^^_
1h>*ported, haa bitter to b*en me si noticoablo in conn# cdoti with o■34 055 f-3SOO tb *a -j M S 3 -J 'O
bout hem rmife, but ibia- wtcIci |i« Eastern mills in a number
-■»*-! b b b i o »
»a»w>3 «
of mifaccea have practically retiretl from the marker for t h e
time fceir g also, Uotton dress fabric* have again been m *4 - -i tC50-J O ©
quiet request, but the market rubs very firm, with cccssional
srfvances in with prints and gingham*, the woolen and worsted . W m o —■*3—f V•*.
b o t»'i — ——
giio.fs ib-|..art meats com roue in strong contrast to cotton
.. Si -i b to to
goods. »e apart from a fair business in dress goods for sptiug «a>
the market is dull and featureleae,
Cfa ---VO
-I

o -*

CtosuettiQ C o r r o s OtxiDH.—The exoorhi o f cotton good-. ao
1 SO
from this port for the wee* ending September So were 9,293 ►o too
packages, valued at $92,296, their destination beiag to ttie i CJ»
P*«m* •sMEtfRM in the table below :
o Cl*'SJ*

Mmw T

o * *

to

i « 9 ».

it p t , 3o,

Wmk* \S in c e J o n .

Onwi &rtE»4a.

OtMmt timraptmn......... , .
IndU ........ ..
.
Afrtm

0 &»a» «**#»**.,*..»

.„■****»*.,*: . l
ofatttnA Atmrim. .IH.*11**1
yOnm Jhmmn<m
,,3
.*«*^..**^*

li

Ttftml...
rim

96 [
2 7

fll«|
.....
,w
1s i
00
e<i
790
15

1
f
1
j
1
i
j

1.

3,751
2,078
44,122
17.512
7,0 3 !
13,124
2 . i 22
9,191
45,71 i
5,757

- 2,293 [ 1,5 4,105
1 10,055

mi ToIaL.***..*,
3,393
W2
Pmm 3^9w Emlmrl mill point

i

173,760

|
|

—so *a*•*a

o* to o .© r>
rjOO—OO
-* © ta »5b
—
a *4
►
a-* o yt —

Of
to 0-30
v» >
*- - im
Week \8 inoti fu n . 3. j oCO <Ja o*a.
35 OtUBM
to
t0 to
9 $
4.587
4^ »
— i ** -4 — m *vj i-4 ©
1 1 4
2,1*9
j
®
*1
—
--1
i73 |
I $**?***%
100
08.210
o —to W ©cog TO «
a
“- b * a ©*b
38 ft
5.935
« «o
“I ca 00CD. *- '-I 7i 50 -4
-a Mrf*. <M*- so *.* o
O 40 I Wj» ’
901
18, 68

1894

17
2 f:|J
10-8
50.4
705
80

I 3,230
j

6.1)11
13,541
3.870
7.3 - 4
36.8 U
2,801

les.o-’ f,
10,198

1 3,239 i 187,864

i

00 -*
«- £1* O
so
cup

p j* — ----- — ----SOI -.1

O la so » o
u a b iV i
*- -33M-4 ©

; r* O* » »-»M *-*03
■M J A*® _ p ^ jO Xi C
If* f b b i la* i' j» ’o *3

o\ *Wj
*~x>r>x>o
iw V ® 43Q CPo i

O I

touts
5°.“* J-8^ p. •£/
w'a b i- ‘.oco i

p j COt-3

pm .

00 OjsI

*-*j « to

*-•

© 7 ) 1 w - rfv.00-4

b ! m'-* Ob *-*

b*.
uo5
0©bb
» O
*4 -S3 38

® . b b

p **. xi - i jt

a 03 *->—- i in ©

to • t o o

Crt to

f- 'O -fie' IO

vi t o o ’»
“*1i •!>i 1
0it* -tVI-*
to OiO> t o o

626

lH E

S tytT t

a t ip

C

TERMS

OF

CHRONICLE.
Page.
Location.
Rate.
(1) ...Jefferson, M o................ 5
4 8 4 .. Kasson, M iu n . .......... 5
5 2 8 ..
Lorain, 0 .............. 5
5 8 0 .. M assachusetts.............. 3%
528 .M edford, M ass.............. 4
(1) - Minneapolis, M in n .... 4
439 . Mt Sterling, () .......... 6
4 3 9 .. Mt. Vernon, N. Y ........ 5
439. .Mt. Vernon, N. V ........ 1
nSO..Newburyport, Ma s .
5 8 0 ..
New York City... 3
5 2 9 ..
Piqna. 0 ............... 5
5 8 0 ..
Port T owosend soh. D.
No. 1, W ash............... 6
(?) ..Syracuse, N. Y ............. 3%
0 2 9 ..
Taunton. Mass... 4
529. .Taunton, Mass.............. 4
4 8 4 ..
Vancouver, W ash.......
5 3 0 ..
W cstwoo I, 0 ....... 5
530. W estwood, 0 ................. 5
5 3 0 ..
W estwood, 0 ...... 6
5 8 1 .. Willimantl0, Conn....... 4
ti> ..W iuton Place, 0 .......... 5
5 3 0 .. Yonkers, N. Y ............... 4

D £ f> A fiT M * -N T .

ity

S U B S C R IP T IO N .

T he I nvestors ’ S upplement will be furnished
to every annual subscriber of the
C ommercial a n d F i n a n c ia l C h r o n icle .
T he State a n d C it y S upplement will also be fur­
nished
to every subscriber of the
C h r o n icle .
T h e Street R a i l w a y S upplem ent will likewise
be furnished
to every subscriber
of the Ch r o n icle .
T he Q uotation S upplement , issued monthly, will
also be furnished
to every sub­
scriber of the C h r o n icle .
TERMS for the C hronicle with the four Supple­

without extracharge

without extra charge

without extra charge

without extra charge

|V 0 L . LX I.
Maturity.
5-20 years.
1904*
1 9 1 5 & ’24-*28
Ju ly 1,1935
1916-1923
July 1, 1925
1900-1914
Sept. 1,1898
1932-1936
1896-1901
1 ll4 -’20&'25
L896-1901
1915
July 1,1 920
1905
1915
61905& 1915
S opt.2,1925
Ju ly 1,1915
L896-1905
Oct. 1, 1925
Oct., 1925

Amount.
$2,000
6,000
50.000
5,000,000
185.000
100.000
16.000
50.000
50.000
13.000
3,345,589
30.000

Award.
100-625
100-831S
102110-67
10709
104-34
107-5
103-73
110-61
13%
100-3177
102-81

35.000 100-2847
300.000 102-5
13,125 103-547
7,000 106-527
20.0 0 10 2-125
13.000 104-6171S
20.000 104-18
4,438 105-27
100.000 103-47
12.000 100-221-3
60,000 107-57

Total (39 m unicipalities)................................... $10,028,064
Aggregate o f sales for whioh no price has
been reported (from 10 m unicipalities)___
627,000
Total sales fo r Septem ber.............................$11,292,504

ments above named are Ten Dollars within the United
States and Twelve Dollars in Europe, which in both
cases includes postage.

f Sold on a 3 % per cent basis.

Iu the C hr on icle of September 14, vol. 61, page 483,
a list of August bond sales amounting to $8,087,431
will be found. Since the publication of that statement
we have received the following reports of sales in that
month.

Terms of Advertising—(P er inch space.)
O n e t i m e . . . . . . . . . . . . . . . . . . . . $3 50 |Tnree Months (13 tim e s)..$2 5 00
One M onth
(4 tim es).. 11 00 Six Months
(26 tim es).. 43 00
Two Months
(8 tim es).. 18 00 | Twelve Months (52 tim es).. 58 00
rfThe above term s for one m onth and upward are for standing cards.)

A d d i t i o n a l A u g u s t B o n d Sa l e s .

T ile p u rp o se o f this State a n d City D e p a rtm e n t
is to furnish our subscribers with a weekly addition to and
continuation of the State and City Supplement. In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
8tate and City Supplement to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.

M U N IC IP A L BOND S A L E S I N SEPTEM BER.
Our record of municipal bond sales for the month of
September which is given below shows that the total
amount of new securities marketed was $ 11 , 292, 564.
It will be noticed that over eight milliou dollars of this
amount is accounted for by the two large issues of the
State of Massachusetts and New York City. The
market for these securities during the month has been
firm and many of the offerings called out an unusually
long list of bidders. The total sales for September,
1894, amounted to $8,249,347. In the corresponding
month of 1893 they were only $3,885,137 and in 1892
hot $6,242,952,
In the following table we give the prices which were
paid for September loans to the amount of $10,028,064,
issued by 39 municipalities. The aggregate of sales
for which no price was reported is $627,000 and the
total sales for the month $11,292,564. In the case of
each loan reference is made to the pags of the Chron ­
i c l e where a full account of the sale is given.
Se p t e m b e r

Location.
Page.
Rate.
483. ___toona, P a ...
4
(?) .Ashland, Ky,
483.
4
4 8 3 ..
Ballard 8ch. Dist. No.
50, K in g Co., Wash.
6
4 8 4 ..
B ay Cit.v, M ich..
4
(?) ..B rockton . M ass..........
4
4
(?) -..B rock ton , M a ss..
5 2 7 ...B row nton, Minn.
6
4 8 4 ..
4
4 8 4 ..
4
5 2 7 .-Canyon Co., Idaho ..
G
(?) ..Charleston, S. C . ___
5
(?) ..Charleston, W. V a ...
G
(?) ..C icero, 111...................
4
4 3 8 ..
Cohoes, N, Y ....
4
5 2 7 ..
D istrict ot Columbia
3-65
5 7 9 ..
Everett. Mass_
4
579. .E oxboro, Mass............. 4
5 7 9..-Gallipolis, O ................ 5
579. .H arm ony Grove, Git..
(?) .H arris Co., T e x ............
>27.
4
1P lat price.

bond

Sales.

M aturity.
July 1,1 925
1915
Sep. 30,1915
1920
Oct. 1, 1925
1896-1905
1905
Aug. 1,1915
Aug. 1,1935
1906-1915
Oot. 1, 1925
Sept., 1915
1915
1915-1928
July 1, 1923
A v cr.S ^ y rs.
1915
1903-1923

Am ount. Award..
$280,000 101%
15.000 100-16%
10.000 102-05
18,000
20,000
25.000
10.000
6,000
200,000
100,000
40.000
90.000
25.000
102,412
70.000
27.000
25.000
10.000
7,500

103104105- 79
10103
100109-556
114- <8
101105109*251
100- 013
109-661
112-5
106**3-7
101- 13%
102%
•100,000 101-405
42,000 101-1

** Sold on about a 3-7 per cent basis.

Page.
Location.
Rate.
4 8 3.. A rizona.......................... 5
484. .Lewiston School Dist.
No. 1, M ont................ 6

M aturity.
1945
1915

Amount. Award.
$365,000 103%
12,000 102 33

These additional loans will make the total sales re­
ported iu August foot up $8,464,431.
Louisiana.—It is reported that at a meeting of the State
Board of Liquidation held on Oct. 3 in Baton Rouge it was
ordered that the State Treasurer purchase $200,000 of Louisiana
bonds. When the news was received at the Stock Exchange
in New Orleans there was a decided rise in the price of State
securities, and at 2 o’clock $4,000 of State bonds were sold at
par. This is the first time since the war that Louisiana State
bonds have reached par.
Kond P ro p o sal* a n d N e g o tia tio n s.—We have re­
vived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
<ale
Ashland. K y . — On September 24, 1895, this city sold $15,000
of funding bonds to Messrs. Seasongood & Mayer, of Cincin­
nati, for $15,025.
Belmont, Wis.—On October 1, 1895, the village of Bal­
mont sold $3,000 of 5 per cent water-works bonds to the Citi­
zens’ National Bank, Darlington, Wis., at par and accrued
interest The securities will mature at the rate of $300 yearly
from November 1, 1896, to November 1, 1905. Iaterest is pay­
able annually.
Brockton, Mass—On September 30, 1895, the city of Brock­
ton sold $10,000 of 4 per cent registered Ore bonds dated Oct­
ober 1, 1895, and payable at the rate of $1,000 yearly begin­
ning Ociober 1, 1896, at 101-03 and $25,000 of 4 per cent coupon
water bonds dated Oct. 1, 1895, and payable Oct 1, 1925, at
105-79. Both loans were awarded to E. H. Gay & Co. of
Bos on. Interest on the bonds is payable semi-annually on
April 1 and October 1. The water loan is secured by siuking
fund.
Canton, Miss.—The citizens of Canton, Miss., have voted
almost unanimously in favor of issuing $35,000 o f bonds for
water-works and electric lights.

Carbon County, Mont.—Proposals will be received until
October 21, 1893, by E J. McLean, County Clerk, for the
of $46,000 of 6 per cent bonds. The securities will be
dated November 11, 1895, and will mature November 11,1915.
013;Charleston, 8. C.—On September 20, 1895, the city of
Charleston sold $90,000 of 5 per cent bonds to the Carolina
Savings Bank of Charleston at 105. Eleven bids were received
5
for the loan. The securities are dated October 1, 1895, iaterest
is payable semi annually ou April 1 and October 1, and the
principal will mature October 1, 1925, The bouds are of the
denomination of $500 each.
083
17purchase

29

of

Charleston, W. Ya.—On September 26, 1895, the city
Charleston sold $25,000 of 6 per cent hospital bonds to R9dolph Keybolte & Co., Cincinnati, O., for $27,312 75 and ac­
crued interest. Tbe securities are dated September 28, 189>.
interest will be payable annually, and the principal will tnature
•in 20 years, both principal and interest to be payable at tie

THE CHRONICLER

October 3, 1895 |

Chase Naiiohal Bank, New York.

Thirteen bids were re­

c e iv e d fo r th e lo a n as fo llo w s :
A m o u n t bid .

Rudolph Kieybolte * C o.............................................................. *2T,31v! 75
Hopkliis Plate Savings Saak, Baltimore
......................... 27,305 00
E dvard
lo m * Co ........................... - ........ ........................ 2J.2(>I 00
N. W. Harris C o....................... ...................................................... 27,141 00
E, H. Koilliii * Sons ......................................... ......................... 26,92 i 50
28.(572 60
E .D . S h e p o d & C ’o , ..................................................................
Sta.onjri.od & .Mayer .. ...........
.................................. 28,333 00
Second National Bauk, Cumberland. M d ............................... 26,250 00
O. H. White * C o .......................................................................... 26,117 00
W. J. Haves & Son ........................................................................ 26,075 20
----- , Ceark Co..................... ....................................................... 26,046 00
lAtnprecht Bros, Co................. ................................ ................... 25,935 00
Diet/.. Denison A P rior................................................................ 25,980 00

627

Duluth, Minn,—On September' 34 the citizens of Duluth
voted in favor of issuing bonds to the amount of $1,856,000
for the purpose of erecting a water-works plant. The propo­
sition to expend the money derived from the sale of the bonds
for the purchase of the water plant already in existence in
the city of Duluth was voted down.
Harris County, Texas.—On September 34,1895, this county
sold $100,000 of jail bonds to Mason, Lewis & Co., of Chicago,1
for $101,405. Five other bids were received for the loan.
Houston, T e x .—An ordinance authorizing the issuance of
$100,000 of 5 per cent 40-year street improvement bonds has
been introduced in the Houston Common Council. At an
election held on the 21st of last month the proposition to issue
$500,000 of bonds for the same purpose was voted down,
Jefferson, Mo,—On September 31, 1895, this city sold
$3,000 of 5 per cent 5-20 year sewer bonds to the First Natinal Bank of Jefferson for $3,013 50,
Leominster, Mass.—Proposals will be received until Oct.
7 for the purchase of $50,000 of water bonds, the loan to bear
interest at the rate of 4 per cent and to run 30 years,
Minneapolis. Minn,—On September 34,1895, the city of
.Minneapolis sold $100,000 of 4 per cent bonds to Messrs,
Blair & Co. at 104 34 and accrued interest. The securities
are dated July 1, 1895, interest is payable semi-annually and
the principal will mature July 1, 1925, both principal and in­
terest to be payable at the State Fiscal Agency, New York.
Montevideo, Minn.—Bids will be received until to-day for
the purchase of $5,000 of water-works bonds. The loan will
bear interest at the rate of 6 per cent and will become due in
20 years.
Montgomery County, Ala,—Proposals will be received
until October 7 for the purchase of $50,000 of 5 per cent 40year bonds. ,

The city's bonded debt, including this issue, is §128,000 ;
floating debt (estimated!, §14,000; cash on hand, 814,846.
The assessed valuation for 1804 was 18,950,680; estimated ac­
tual value, $12,000,000. T he estimated population is 15,000.
Chicago, 111.—It is reported that arrangements have been
made to place $2,500,000 of city warrants to be issued to meet
this year's deficiency. They will be sold as funds are re­
quired and will be taken by "the Chicago banks. There is also
talk of distribuung them among Chicago Clearing House
members pro rata to their capital.
Cicero, III.—On Sept. 29, 1895, the town of Cicero sold
$103,411 95 of 4 per cent 20-year railroad-aid bonds for $103,435. Three bids in all were received for the securiiies, one
from W . J. Hayes & Sons, of Cleveland, 0 „ one from N. W.
Harris & Co. of Chicago and one from the First National
Bank of Chicago. The securities were awarded to the two
latter psrites, subject to the approval o f their attorneys. In­
terest will be payable semi-annually, both principal and in­
terest to be collected and paid by the State Auditor.
Dayton, Ky.—Proposals wilt be received until Oct, 10, 1895,
by the bond commis-doners for the purchase of $8,000 of 6
per cent street improvement bonds. Interest will be payable
semi-annually and the principal will mature in ten years.
New Brunswick, N. J.—Proposals will be received until
Dahl in, (la.—Water-works and an electric-light plant are
under consideration, ihe building of which will require the October 15. 1*95, by James Neilson, City Treasurer, for the
purchase of $65,000 of New Brunswick refunding bonds. Th
issuance of bonds to the amount of $15,000.

NEW

LOANS.

NEW LOANS._____

N E W LOANS.

8 6 5 ,0 0 0

NEW YORK
City of
New Brunswick, N. J,, Bonds. S A V I N G S B A N K
DUi tn;».
i*T**j'«<*«*!* will h f ft >efrrd »v th* Lsiia.itr*
Committee uud CHy Twn»ur»'r at the oilier o f
itw L ily "fttm urtr,. Lihtmrf Biifitlhig, O w r ip
HtrecHk rofBPt <if
wtcfc, St ■$», iifiill O.B#
TtteiM;!mf * ft e l <»be r I 1 t l i , I # f l M*
Fix- tJbt« |»iiTeha-%r la whoit- or in jm tto t #03*000
»>? t h e b o w S s o f t h e o i l y a? N e w B rm utw lflit*
tf» J , T t mhk» 'nmul*. WlU bm im n m l t » rtiffin #
<* M tsrtiitg bom J *
la terco*t jK iy a b le M a y I a t

•Att'rt' N ovraihrf l i t at the TTeantttftf**
Ttm
w HI he
Jfovemlior 1st. 1020,
41*4 wQ| be»*r
it .& Tit%0 to It*
&&
♦
to tlit*
iteiisl will b* ilrilreft*<l on
Novrm lwr l i t . when ftifs p rtm bh l mtmt m*
by ttMP unecnutful bid d en.
Propoaila Mkoiiid be scab**! anti u d d rw w l
So t h e

C it y
fo r

a n d m a r k»-4 ** t r o ittt<£ A&tKtkl s ta te th e p e t e o

m 4 Urn rat* o f
**% whieli the liWrter
pf&po*-®* to Lite# tfe# tNWHt*, ibti’t R iial he »o*
•ou*i*auie«i by a certlfb <1 check for 5 per cent
o f their ikmnmit.
f t i# p r o p m e d t o

INVESTMENTS.
City « f Providence................... Hold 4s
City o f Cambridge. ..............................4s
City of Allegheny, P a.............. Keff’d 4s
City o f Nlnncupolis............ 4s and 4A£s

l*#mt j t r m r 8 t # 0 * 0 f i # ©f r e n e w a l h o o d *
w # r « i « 9 » r t d fo r #m m S 8 d h i d * f o r a m f i l l o a
mmm r * e e i» ed,
T l i * I * w r i t b i d d e r * * # r # l o c a l tn * e * c # r * * ,

Iociadinar th e New B r «»* w ic ii. *^avlog* l«*
mmtimw*.

FOR INVESTMENT.
P A R T I C 0 I .A K R

City o f Louisville................................. 5s

OOADSBS IN COMMERCIAL RAPOB.

CHy of S t I'aul................................ 5s
i*rim nrtd P ow ieolm m o n A p p U m itn n to

/Hodf/et, Merritt & Co.,
16 Congress Street,
________BOSTON.
MUNICIPAL

Blake Brothers 8c Co,,
‘AN H TA TK S T R E E T ,
S

NASMAC

BOSTON.

MT.. N E W

YORK,

____

BONDS.

Investment Bonds
FOR

New York Savings Banks
and Trustees.
E. C. Stan wood & Co.,
(.1 S T

H igh-Grade

UPOH A F P IH O A T IO H ,

,^M8K!IB Or THU NSW YORK AND BOSTON
STOCK EXCHANGES.

h ankers

* IT T , f O , NTY A ID ST A T E

BONDS

City of Milwaukee........................ 5s

0ii^rar¥ott fsoapo^i bucitlii

o f #1 ,<MW>ewkt>. Bbhrft tuny boTtm bow ia lire m t i h o t i b y am net a f the
fa ciila tu re approved IVbntiicy 18th. 1879,
■4ti« by reAOiuthm o f O uw uou Counett Septe®2#th,
a ml are free from municipal,
eoiiBty or fttfet# fa s In New Jersey.
The right to r* j**et any or all Was it
For further particular* m ldreu J aufjh N r H/*
o f th# C ity o f New 0tnn*w !ek,
M J,

MUNICIPAL

,

121 Devonshire Street,

SENT

UPON

A P P L IC A T IO N .

MEMBERS OF BOSTON AND NF1W YORK
STOCK BXOHANCHS.

R. L. DAY & CO.,
10 WATER STREET, BOSTON,

B O N D S,

BOSTON.

FAflJfCi HIGH K ITES of INTEREST
w# m§M« »
oS
* n.fft&tft tor nermftueut ir.Tt*tm«nL
pNiMwfS'ptifmi* i

'.Se^arltf#*

'I MAis . DICKINSON * CO,, Banker?,
t# Wfti'f tSftrttls

I,HAT*. «K N T M ’ ON A P P L I C A T I O N .

WAR RANTS

COUNTY, CITY AND SCHOOL.
.FNO. F* I I O I I R Sc G O ,, S e a t t le , W a s h ,

7 N ASSAU STREET, N EW

YORK.

B enwell & E verett ,
S ch erm erliorn Iliiildinir*

ff WAIaJL 1ST,

MUNICIPAL ISSUES IN THE STATES OP

N E W YO R K & N E W JE R SE T
A SPECIALTY*

THE CHRONICLE.

628

|Vol. LXI.

Kid.
E. C. S tm w ood & Co., B oston.........................................................-.106-11
Blodget, Merritt Co.. B oston.............................................................106-691
R. L. Day * Co., Boston ............................................................ ........106-687
Brewster, Cobb & Estabrook, B oston............................................. 108-69
Biake Bros. & Co., Boston .....................- ..................... - ..................106-96
E. 11. Rollins <fc Sons, B o s t o n ...........................................................107-047
N W. Harris & Co . B oston................................................................ 106-83
German-American Investment Co,, New York .............................106-65
William 0. Simons, Sprinirtielil ................. ................................... 107 075
H. H. Skinner, Springfield...................................................................107-25

securities w ill be dated N ovem b er 1, 1895, interest w iil m
payable sem i-ann ually on May 1 and N w e m o e r 1 at tne
office o f the C ity Treasurer, and the p rin cip a l w ill rea lu r«
N ovem her 1,1920. B idders are requested to state the p rice
and th e rate o f interest at w h ich th ey propose to take the
bonds.

The Treasurer's advertisement giving full, particulars re
garding the proposed sale will be found elsewhere in this De
partment. A detailed report o f New Brunswick’s debt and
g e n e r a l financial condition is also published on next page.
New York State — T he N ew Y o r k C ham ber o f C om m erce

The city ’s total w ater debt on Septem ber 24. 1895, was 5 i,625,000; sinking fu n d, $116,000; n et w ater debt, 81,509,000.
Other indebtedness, e x clu d in g tem pora ry loans in anticipa­
tion o f taxes and the present issue, was $284,500; sink in g
fu n d, $50,055 68; net debt, exclu sive o f w ater debt, $234,has passed a resolu tion fa v o rin g the proposition to issue 444 32. The assessed valu ation for 1895 (w h ich is a bout 85 per
$9,000,000 o f State bonds for the purpose o f en larging a' <1 cen t o f actual value) o f real estate is $46,063,460; personal
im p r o v in g tho Eri© Canal, the ChampUiin Canal and th© Os- property. S 12.969.6S1; total, $59,033,141; total tax rate (per­
w e g o Canal. The question is to be subm itted to a vote o f the il,0 0 n ). $12 20. The valuation o f city property in 1894 was
people at the N ovem b er election .
$4,342,837 41. The p op ulation, by census o f 1895, is 51,534.
P h i l a d e l p h i a , P a — Proposals w ill be received at the office
S yracuse. N. Y.— On Septem ber 30, 1895, the c ity o f S y ra ­
o f the C ity Treasurer begin n in g O ctober 14. 1895, and c o n ­
cuse sold $306,000 o f 3 % per cen t w a ter-w orks bonds at 1U2'5.
tin u in g u ntil the w hole am ou nt is subscribed for, for the p u r­
Seventeen bids in all were received. The securities are dated
chase o f a $1,200,000 3 per cen t serial loan o f the city o f Phila,
delphia, exem p t from all taxes. Interest, co m m e n cin g J u ly O ctober 1, 1895, interest w ill be payable sem i-ann ually in Jan­
uary and J u ly at the office o f th e M etropolitan Trust C om ­
1 1895, w ill be payable sem i-ann ually on J anu ary 1 and July
l ’ and the principal w ill m ature at the rate o f §60,000 yea rly pany, N ew Y o rk , and the principal will m ature Ju ly 1, 1920.

fro m D ecem ber 31. 1905, to D ecem ber 1, 1924. Settlement,
in full m ust be m ade w ith the C ity Treasurer w ith in ten days
a fter the subscription is m ade.
Rome. N. Y.—K . S. P u tn am , C ity Cham berlain, reports to
th e Chronicle that an election held Septem ber 30 on issuing
$240,000 o f bonds fo r sew ers resulted in fav or o f the proposi­
tion b y a vote o f 466 to 445.
S p rin g f ie ld , Mass,— On O ctober 2, 1895, the City o f S pringfield sold §35,000 o f 4 per cen t registered school house bonds
to Brew ster, C obb & E stabrook at 108-69. The securities are
dated O ctober 1, 1895, interest w ill be payable sem i-annually
in A pril and O ctober and the prin cip a l » ill m ature O ctober
1,1915, b oth principal and interest to be payable in gold coin
at the office o f the C ity Treasurer. The loan is secured by
a sinking fu n d . Ten bids w ere received as fo llo w s :

NEW

NEW LOANS

Yan W ert, Ohio.—Bids w ill b ; received u ntil O :tobsr 7 for
the purchase o f 5 per cen t str et im p rovem su t b ea ds to the
am ou nt o f $10,430.
Winton P la ce , Ohio.— On S ep tem ber 30. 1895, the villa g e o f
W in ton P lace sold $12,000 o f 5 per cen t tow n hall refu n d in g
bonds to the W estern G erm au Bank o f Cincinnati for $12,270
and accrued interest. Seven bids in all were received for the
loaD. The securities are dated O ct. 2, 1895, interest w ill be pay able sem i-annually, and the p rin cip a l w ill m ature in 30 years,
with an option of ca ll a fter 20 y e a r s ; both p rin cip a l and i n ­
terest w ill be payable at the F ifth N ational Bank, C in cin n a ti.
f a r tuoutli. M e.— Four per cen t g o ld w ater and sew er bonds
to the am ou nt o f $40,000 have been p o ll to S w an & B a rtlett,
„ f P ortland, Me. The loan m atures in 20 years.

Municipal, County and State Bonds
$90,000 City o f Elmira, N. Y .......
For
70,000 Town o f Cortlandville, N. Y. 4s
100,000 City o f Paterson, N. J — 4(^s

Farson, Leach & Co.,
C H IC A G O .

a A V A L I. S T ., N . Y .

In v e sto rs, T r u s t Funds and S av in g s
B ank s.
FOK SALE BY

Rudolph Kleybolte & Co.,
[IN V E S T M E N T B A N K E R S ,

C I N C I N N A T I , O.
D escrip tive L i s t . M ailed on A p p lic a tio n

8650,000
2 0 -Year Gold Bonds, City of Alleghany, Pa.,
4 \ Per Cent

Issu e d fo r P u rch a se o f W a t e r -W o r k s ,

KANSAS

C IT Y ,

S P E C IA L

MISSOURI

C IR C U L A R .

N. W. HARRIS & CO.,
15

W A L L STREET,

4 Per Cent Water Bonds.
A v e r a g e m a t u r it y 17 y ea rs.
L e g a l f o r N e w Y o r k S a v in g s B a n k s.
P r i c e a n d p a r t ic u la r s o n a p p lic a tio n .

-

NEW Y O R K .

MUNI CI PAL

SIOUX C I T Y ,

W. N. Coler & Co.,

N o t i c e is h e r e b y R iv e n t h a t t h e C ity o f S iou x: C ity ,
I o w a , h a s c a lle d f o r p a y m e n t t h e f o l lo w i n g - d e s c r i b e d
o p tio n a l b o n d s
C ity I m p r o v e m e n t B o n d s is s u e d o n v a r io u s d a t e s
f r o m O c t o b e r 1 st, 1886, t o J a n u a r y 31t h , 1890N os. A —1
t o 1^7 b o t h In c lu s iv e .
A — 161 t o 1 » • “
C— 1
t o 170 “
F u n d s a r e n o w o n d e p o s i t w it h t h e C h e m ic a l N a ­
t io n a l B a n k f o r t h e r e d e m p t i o n o f t h e a b o v e -d e ­
s c r i b e d b o n d s , t o g e t h e r w ith in t e r e s t t h e r e o n t o
O c t o b e r 1st, 1895, a f t e r w h ic h d a t e in t e r e s t w ill c e a s e
t o accru e.
A B E L AN DERSON.
C it y T r e a s u r e r .

M U N IC I P A L

Street, Wyk.es & Co.,
44 W A L L STREET.

-

N E W Y O R K , B R O O K L Y N A ND JER
SEY C I T Y B O N D S A S P E C I A L T Y ,

W. E. R. SIV1I' H,
16

Dealers in M U N I C I P A L B O N D S ,
S t r e e t R a ilw a y B o n d s , a n d o t h e r h ig h g r a d e In ­
vestm en ts
B O S T O N , M A S S .,
c h a n g e P la o e .

O h io,
3 1 1 -3 1 3 S u p e r io r St
C le v e la n d ,

C a ble , A d rives * , “ K E N N E T H . "

BROAD ST R E E T.

.

NEW V O R K

James N. Brown & Co.,
6 2 C ed ar S tr e e t,

BAN KERS,
-

N EW

YORK.

M U N IC IP A L , C O U N T Y , SC H O O L A N D
T O W N S H IP BO N D S

B O U G H T

AND

SOLD.

M U N IC IP A L BONDS. C. H. Van Buren & Co.,
B A N K E R S AND B R O K ER S,

34 NASSAU STREET
GEORGIA MORTGAGE LOANS.

BANKERS

R A IL R O A D

A nd a ll L ocal S e c u ritie s B ought and S o ld ,

62 B R O A D W A Y , N E W YORK.

NEW Y O U K .

W. J . Hayes & Sons,

AND

BONDS

R A V S iE R S .

BONDS.

IOWA.

Notice to Holders o f Bonds o f Sioux
City, Iowa.

W H A N N & SCH LES1N GE R,
B an kers,
2 W a ll S t., N e w Y o r k .

BANKERS,

B O N D CALL.

BONDS.

New Municipal Loans

F u ll p a r tic u la rs ot the ab ov e and list ot
o th e r bonds oflered on ap p lication .

FINA N C IA L,

LO A N S .

SOU TH ERN LOAN AN D

TRU ST COM PAN Y OF

MACON,

GA.

J. 8 . S C H O F I E L D , P r e s .
H . M . 8 M I T H , S e c.
F. O. S C H O F IE L D , T rea su rer.
T h is c o m p a n y m a k e s a s p e c ia lt y o f h a n d lin g a lln
Ited a m o u n t o f t h e b e s t t iv e -y e a r m o r t g a g e loa n *
a ffo r d e d b y t h is c o m m u n i t y . D o in g o n ly a am ah
b u s in e s s in th is lin e , w e ca n s e l e c t t h e b e s t . L o a n
s e c u r e d by b u s in e s s p r o p e r t y n e t t h e in v e s t o r si
p e r c e n t , r e s id e n c e , s e v e n p e r c e n t . P r in c ip a l a n
I n t e r e s t p a y a b le a t t h e M e r c h a n t s ' E x c h a n g e N»
t lo n a l B a n k , N e w Y o r k . C o r r e s p o n d e n c e s o l ic it e d .

And

STOCKS, BONDS,
H ig h - G rade In v estm en t SecuCitrie*.

C ir c u la r L e t t e r , in c lu d in g lis t o f s e le c t e d
M a ile d F r e e .

Z

Fred. M. Smith,
70 SOUTH STREET,

AUBURN, N EW

Y O R If

M a k e s s p e c i a l t y o f B a n k S t o c k s , M u n io .^ 1 a &d
W a t e r B o n d s a n d f u r n i s h e s S o li c i t e d I n fc ^ a t io K

629

1HE CHRONICLE.

OCTOBBB 5, 1895. j

S T A T E A N D C IT Y D E B T CH AN G ES.
W e Bn1'} 'in r e p o r ts as t o m u n ic ip a l d e b 's r e c e iv e d sin ce
th e la st p u b lic a t io n o f o u r S t a t e

and

Cit y

S u pplem ent

TOTAL DEBT, SINKING FUND, E tc .—The subjoined statement
shows New Brunswiok's total municipal debt, the sinking fund held by
t \e city against the same, the water debt, and the oity’s floating debt
the dates mentioned.

A pr. 1, 1895. Apr. 1,1894. Apr. 1,1893.
Some o f th ese re p o rts are w h o lly n e w a n d o th e r s c o v e r ite m s Total m unicipal debt.......................$1,581,800
$1,585,600 $1,567,000
o f in f o r m a 'io n a d d itio n a l to th ose g iv e n in th e S u p p l e m e n t

Sinking lands and cash assets—

362,360

329,324

330,355

a n d o f in te r e s t to in v e sto rs.

Net debt......................................$1,219,440
Water debt,included ab ove..........
220,500
Floating debt (included a b ov e)-.25,000

$1,256,276
235,500
30,000

$1,237,245
250,500
*70,000

N ew

B r u n s w ic k ,

N. J .— T h is s ta te m e n t c o n c e r n in g

th e

fin a n c ia l c o n d itio n o f N e w B r u n s w ic k has b e e n c o r r e c t e d b y
t m s n s o f an o fficia l r e p o r t fr o m J a m e s N -iU m r, C o y T reasurer.

The city is at present offering $68 000 o f refunding bonds
due November J, 1920. See advertisement elsewhere in this
Department.
T rus c o y is situ a te d in M id d le s e x O u n t y .
Whe n Due.
L O A N S—
When Due. j
LOAN S—
BTttr.K* ,V SEW' It BONDS-7 Void.)
B kvk .v ub bonds —
7s, MAN'S, $1-1.600 - 1898 A 1899
ts , MAN. $33,000.
6s. MAN, 229,000. .1898 A 1898
Sinhwo Ft so Bonds—
6'. MAS, $1 1,00 0.-Sept, 1,1902-3 6s. MAN, 30,000. .1899 A 1900
i
9,500 1900 A 1901
6 *. -----MAS, 41 ,000 .. 1301, 02 A '03 6s, MAN,
0*. JAJ, 141.900,.1905 A 1906 j 6», MAN, 18,500. .1901 A 1902
34.000.
.1908 A 1903
8s,
MAN,
, May 1,1697-$
5*. MAN', 45.0 0 0 .
j m . MAN, 37.000. .1903 & 1904
. Sept. 1. 1901-2
ft*. MAS, 22.000.
500.
.1901
A- 1905
I
Cm
.
MAN,
5*. MAS, ■25 0 0 0 ,.Sept, 1, 1902 3
4.500. .11(05 A- 1906
________
15.000 Jan. 1,1900-6 I « » , MAN,
5 -. J AT.
1,000
.
1906
& 1907
4 U.-. MAN. 1 2 .000. .Mi»v 1, 1907-8 I 6s, MAN
I t - . A AO. 95,000 <Vt. 1 .1 9 1 9
tin, MAN, 11.300 .1907 A ISOS
4s. M *N, M5S,0 0 0 .. 1 9 0 7 * 1908
W aTBK B o x t e t 4*1 MAS, '1 0 ,0 0 0 ,.Mar,.
1907 8 |7s, MAN, $42,000 .M ay 1,1897-8
3* MAN, *10.1)00..NOV. 1.1908*0 I 7s, MAN', 50,000. .Men. I, 1898-9
3,». Ma s , *40,00*1..Sept 1,1917-18 i 7*; MAN. 30,000 Melt. 1, 1903-4
! 7s. MAN, 28.500. ...N o v . 1,1893
StHEi r ,isf> ro.w ea BoxtiO—
7*. MAN. * ',5 .0 0 0 .... 1*05 A 1*96 I ($5,000 due yearly) to Nov 1. 1900
7«. MAN 118.200...... 1 8 9 6 * 1897 i 7*. MAN. 30,000 ...N o v . 1,1885
7*. MAN, 207,300. -1897 A 1898 I (.$10,000 due y ’ rlyi to Nov. 1 ,18 89
•The bond l**ues m arked thua (*) tn the above table are all held by
k*- sttd!tug fund.
TAX FR EE. -T h e city 's bonds are exem pt from taxation.
IN T E R E S T o o the water bond*, with the exception o f the last two
i**UM listed In the above table, is payable at the Ninth National Bank.
Sew York City. A n o th e r interest at the National Bank o f Now Jersey
in New Brunswick.

Sc

U l VA HALLE S T R E E T , CHICAGO
T im Umtmmm tm mi •
9 In
ta Unround *m*ii amount
AMtfttat la*«lAort A&Hand
*nd 9 m t omK m m m } b*
■ring Chicago <aty property
im ******$ tm4
mttw
F r l a c t p * ! moot I ntmrmml p a y a b l e I n < !• » « * .
c o r h wipoivts m m m u e m o ,
a.

o. 8LAt:anT«m, «#»&♦? h * ?. mm* £*«»*«*«
M * m b m CMmtgtx> m m k

Kxobang*

A . O . Slaughter Sc C o.,
B A N K KK.H,
1 1 3 -1 1 7 U

L I F E I N S U R A N C E C O ., N E W A R K , N . J .
AMZ3 DODD. President.
JUMfta ( E l l l E Value*} Jan. i,
UftteOtlM* (S. V. and Mm *, Stan dard)..*. 01 . * 13.86
.............. ............................... .
BMOjm
Sarpiu*, by former H, f . Standard, (Am.
E » -4H p e rc « n t R e se rv e ),...,........
6.73*,Kb
wmxmm ASM»urrai»Y
N0N*ruK.m?A8ut Art*
« ICON I) Y CAR.
In Coo#Of Lapawth* Policy l* CWU n iffiR m r o s e »
m mm
lie value will pay for; or If preferred.
€ h *b *»r Paid-op poUcy value la allowed.
Aftmt tto# *«e*»«d ym t Policies are 1MQOMT*#!
a » l«. m 4 ail nsttm tem a* to rmiAmm, tram* o

CHRONICLE VOLIMES.
A Moond-hand set from 1880 to data In good order

mrmpaiUm art rrm^-td.

To# CSknatMBjr «rre#e m the Policy to Loan up *«
tbeCiwin Harrwmler v *m e when » a»U»factory m
tUtucumaot tba P ulv j I* made •acollatern* Mcurlty
paid immediately upon oompleuou *ui<
Appro**! Of PT. rOfA

POOR'S MANUAL
COMPLETE BBT.

TRUST COMPANY STOCKS

APPLY TO

H a a t h i a n d N *M ,
Sew

B O NDS T,ja'ul!<0 ***

CLINTON
«

A . G. Becker Sc C o .,
(OrcOttPOSATSD)

COMMERCI AL PAPER
154 La Salle St, Chicago, 111.

Jamieson & C o .,
ffT O C K ft —B O N D S ,
MemOen Now Tor* w d ChtaMO 8*o«* Kxsa
OKA R BO K g S T R E E T .
C hleiut*, H ie,

PrlT*t* wins to How York and PbU*d«ioiit*.

I. B. Thurm an & C o,,
B A M E B S ,

8 23 yiON AD.N'OCK, C H IC A G O , I L L .

Highest Grade Municipal and. Railway
Ranch Sought and Sold.

Y . r k C ity a n d B r o o k ly n .

WILEIAM It. DAWA COMPACT,

BOUGHT AND SOLD

C IT Y , M A S O N L E W IS fc C O . S a n k a r .
COUNTY
m LA M U A street ,
SCH OO L *mrD roa urrs.
CHICAGO

187

FOR SALE.

—A 1.1,K S T R E W ,

C H IC A G O , IL L S .
C h lra sa

T h e Mutual Benefit

Gatzert,

H0RTWA0T5 BANKERS,

w M . v. BASS'S.

MISCELLANEOUS.

MISCELLANEOUS.

CHICAGO.
Loeb

•The floating debt as given fo r A p ril 1, 1 8 9 3 ,.inoludes revenue
bonds.
The total debt o f the olty in 1885 was $1,618,619 ( sinking fu nd and
cash, $57,519; net debt, $1,561,100.
Regarding the bonds now being offered, the City Treasurer m akes the
follow in g statement; *' The bond offered is p ractically a water bond,
having the double security o f the credit o f a grow in g and a wealthy
city within 30 miles o f New York whi h has never defaulted, and the
assets o f the water-works, rapidly inareas a g in value, and a practically
inexhaustible supply o f remarkably pure Water.”
CITY P R O P E R T Y .—The city owns public buildings, steam are
engines,etc., and water works which cost $493,000. The gross earn­
ings from the water w orks lo r the year 1894 were $52,107, includ­
ing rental o f tire hydrants; the cost and m aintenance w a* $12 315,
leaving a net Income tor the year o f $39.* 92, or over 3 per cent o f the
net debt or the eitv. A bout $10,000 bits been paid for new street
Hiatus ami $ 20,00” lor a new 20-inoh pum ping uialu during rkepast two
yeats, all of which baa been paid fo r out o f the earnings o f the works,
while * 10,000 bus been expended in extending the sew erage system
and charged to cut rent expenses, showing a m ost conservative man­
agement o f the city affairs.
ASSESSED V A L U A T IO N —The city 's assessed valuation and tax
rate have been as follows ;
. . . . .
Total Assessed Mate o f l a x
Personal
S ea l
P ro p er ty .
Valuation.
p e r $ 1,000
Tear.
Estate.
$3,103,000
$10,225,000
$26-00
18 95............ $8,120,000
10,208,500
26-20
2.150.000
18 94............ 8,058,500
10,200,000
2.160.000
241893............ 8,040,000
10,010,000
2, 11 0 ,0- 0
25- 00
1892 ............ 7,900,000
10.046.000
24-20
2,110,000
1891............ 7,930,000
2.150.000
10.050.000
24 00
1890 ............ 7,900,000
41-40
5,388,305
1,325,850
1886............ 4,062.455
5,416,000
35-81
1.243.000
1880 .......... 1.173,000
P O P U L A T IO N .—In 1890 population was 19,603; in 1880 It was
17 ,166 ; in 1870 it was 15.0581 Police census. 1894, -0,338- P opu la­
tion in 1895 according to local tlgines Is 20,000.

WALL

M TRKBT.

761* PIN K H T B K E T . NKW Y O R K .

GILBERT,
•

NEW

1850.

YORU,

Pwlilication uy a*-- da JVk.
MANHATTAN
COMPANY, New York, of the m m & fti rPiualrunK
m w lM s m il In Ma»ntencc with Section 2% 4
1- Omptor tom, of the Blinking
of m u .
State of New York.
Sept. U . m-i, j . L. Darfa A Son,
South

1895.

The United States Life
Insurance C o.
IK T H E C I T Y O F N E W Y O R K ,

Thl* old and’reiiftble Company no^has the exper
mrrel.....
............... ............. . - 160 00 ence of forli tire years of praetti
- .... nsurunce,
A m . ft* D»K), Estate of Catharine B, F U b . .
70 f &
which hw taught It that the fin ei q u a non
n o of auocese
Jen, IS-, tm 9, G , 8. Green, Trenton, N. J ...,
fU
« the__adop
inn
plane
ln»urancel
_____
> o iiio
n o«ff ggood
ood p
la n e oof
f in
a u n u .. and ihe
Apn! •• > . ( * . « , . of William Hntohlnoursoit c i a liberal policy t-ownrd® ootJtt it« Insured
ili an
„*ti, ttnklH’WH ................. .
1,771 tn vnd H« Agents. These essentials It pm
July 10.1-75. J, 0*N, lll. « 9 Broadway.......
-86S eminent degree,
ae, but judiciously tempered by that
Kab.. 1-9B. E G . stot-lnrASop.H. Y.------ ass at joaeervatlsm wblc
*blcb Is the beet p-.snible safeguard of
1 ih71. o. h . -tuitb, Clarkviik'. Term.
-flflfl .he policy-holder.
ler. Ite -----------contracts---arc—----incontestable
-iV
Aug. *. irwi. r w. Stark, unknown........
i«ooo Hter two years. They are non-forfeiting, providing
f'n
tn-ul. ik,g.
generally for either paid-up policy or extended in*
fid dividend*. Margaret Jenkins, unknown. 24« 00 ♦aranee, at the option of the policy holder. It give*
"
ThnniM Ki‘r.e.
“
:«]3f>0 ten cays of grace In payment of all premiums. It#
W
“
f f S a r j Mo n .
"
3,fiv4 no tourse during the past forty-five years abundantly
US
••
Johanna Murphy.
“
a m i) letuonstrates its absolute security.
V n e 'a tm ‘ 4 I n ' e t t t i v. T u r k S t a t e A'tocfc—
INI. Aifml “mith,anknown.................... I m o # detlm ttaul surnwnful Agents, wishing to rep­
l**t J 8. DoBraoMoo.
...............
«S0#
resent tMs Company, may communicate
in-Vi. i if. Uuseron and M. 8................
with the President at the Home Office,
Malter,. In t.rnsi for ............ .......
g e l Broadway, New York.

9 O. L ew is®
“
.....................
1A»*. J. Howard Man*, 0. 8.................. .
1- 70.
M. Tayicrr, L . 8 ........................
State o f Kew Vork.
„
1„

«* 80
6000
75 60

OFFICERS

City and Oonnty of Raw \ ork, (
J. T B-rldwlli. r-nuliir of th« Manhattan Company
of Sow Vork. boltix duly sworn, uns the foregobiK A, WH EELWRIGHT............... Assistant Secretary
i» j.d all r t -i-'t, « tm,- Hatotacut to the best of
'a a P E iH tY ^ r.'L L .^ .........L .:.,.;.c»*h .
his knowledge and :<cUcf.
„ .,
MUNN...........................Modleal Director
J . T , B A L D W I N , C a sh ie r,
FINANCE COMMITTEE;
IAMB............ Pres. Cbem. Nut, Bank
. Bit....................................... Butidei
Pres. Imp. A Traders’ NatMPk
Notary Public, K. Y. Co.

*SS!S

80

630

THE CHRONICLE

Sstttlt JTttcmcuts.
T> E F O R T OF T H E CON DITION O F T H E

[V o l . L X I .

gtotrtt statements.

Ip h ttfc J d a t r m e a t s .

R eport of the condition of the

^ MERCANTILE NATIONAL BANK

A M E R IC A N E X C H A N G E N A T IO N A L
H AN K, a t N e w Y o r k , in t h e S t a te o f N ew Y o r k ,

o f t h e c i t y o f N e w Y o r k , a t t h e c l o s e o f b u s in e s s
S e p t e m b e r 2 8 th , 1895.
RESOURCES.
$6,805,017 74
4 0o 0 0
O v e r d r a f t s ................................................
228,500 ou
U . a . b o n d s t o B tjcure c i r c u la t io n
O t h e r s t o c k s u n d b o n d s ...................
01,384 0 2
2 0 0 ,0 0 0 0 0
R e a l e s t a t e , b a n k in g h o u s e ...........
S p e c ie ........................... ■............$1,651,457 93
L e g a l - t e n d e r n o t e s --------888,3- 0 00
6.932 00
B ills o f o t h e r b a n k s ..............
1 6 ,8 3 " 79
C h ’ ks a n d o t h e r c a s h it e m s
632,037 01
E x c h a n g e s f o r c l ’ln g h o u s e
060 ,03 ? 91
D u e f r o m n a t io n a l b a n k s ..
D u e fr o m S ta te b an k s and
43,093 81
b a n k e r s ....................................
R e d e m p t io n f u n d w it h U .
8 . T r e a s u r e r (5 p e r c e n t
10,121 85
o f c i r c u l a t i o n ) .....................
-------------- 3,780,811 30

a t t h e c l o s e o f b u s in e s s S e p t e m b e r 2 8 ,1 8 9 5 :
resources.
L o a n s a n d d i s c o u n t s ..................................... $18,242,974
O v e r d r a ft s , s e c u r e d a n d u n s e c u r e d
75,'i91
U. 8. b on d s to se c u re c ir c u ­
la t io n (4 s) 1907................... $?,000.000 00
(4 s ) 1925..................... 1.000,000 00
(5 s ).................................. I ,4 l0 ,0 u o 00 4,450,000
U . S. b o n d - o n h a n d . 6 s ___
60,000
P r e m iu m s o n U 8 b o n d s :
$2,000,( 0 0 .4 8 , 1907................... $170,000 00
1,0 " 1 00, ° 8. l»Zi>.............
176,6 9 8a
1,500,0 0, 6 s
................
210,000 10
565,639
S t o c k s , s e c u r i t ie s , e t c .................................... 1,414,059
B a n k in g h o u s e , f u r n i t u r e & f i x t u r e s . . .
SoO.oiH)
O th e r rea l e s t a t e a n d m o r t 'g e s o w n e d .
34,610
D u e fr o m n a t io n a l b a n k s (n u t r e s e r v e
a g e n t s ) ................................................................. 2,330.670
D ue fr o m S t a te b a n k s a n d b a n k e r s ..
.
4 8 4 ,1 0 0
C h e c k s a n d o t h e r c a s h i t e m s .................
4 5,887
E x c h a n g e s f o r C le a r in g H o u s e ................. 2,u5.\9n«
N o t e s o f o th » r n a t i onal b a n k s .................
6.000
L a w fu l m o n e y r e s e r v e in b a n k s , v iz .:
S p e c ie ..................................................................
478,103
L e g a l -t e n d e r n o t e s ......................................
1,071,903
U . S. c e r t t flc t e s o f d e p o s i t f o r le g a l
t e n d e r s ...................
480,000
R e d e m p t io n f u n d w it h U. o T r e a s u r e r
C’ p . c . o f c i r c u l a t i o n ) ..................................
200,260
D u e f r o m U . S. T r e a s u r e r o t h e r t h a n 5
p e r c e n t r e d e m p t i o n f u n u ......................
154,OoO

T o t a l . . . . . ..................................
$11,076,117 50
L IA B IL IT IE S .
C a p ita l s t o c k p a id i n ........................................ $1,000,000 00
S u r p lu s f u n d —
............................................
900,000 00
U n d iv id e d p r o fits , n e t .....................................
59,685 20
N a t io n a l b a n k n o t e s o u t s t a n d i n g ..........
4&.UU0 0 0
P r e m iu m a c c o u n t ..............................................
8.926 00

Deposits -

I n d i v l d u a l s ............................... $3,881,760 10
N a t io n a l b a n k s ......................... 3 ,r fc9 ,9 «i 00
S t a te b a n k s a n d b a n k ’ r s .. . 1,301,075 o9
D em an d ce rts, o f d e p o sit.
11,743 80
C e r t ifie d c h e c k s ...................
59,05 • 26
C a s h ie r ’s c h e c k s o u t s t ’g . .
61,8 65 iU
---------------------

9 .(6 2 ,0 0 7 30

T o t a l ................................................................. $11,076,117 50
t a t e o f N e w Y o r k . C o u n t y o f N e w Y o r k , ss :
I, F r e j j ’ k B . S c h e n c k , C a s h ie r o f t h e a b o v e n a m e u o a n k , d o s o l e m n ly s w e a r t h a t t h e a b o v e
s t a t e m e n t Is t r u e , t o t h e b e s t o f m y k n o w l e d g e a n d
b e lie f.
F R E D ’K B 8- H E N C K , C a t-b ier.
S u b s c r ib e d a n d s w o r n t o b e f o r e m e t h is 1 st da y
o f O c t o b e r , 1895.
F. A . K. B r y a n ,
C o r re ct.—A t t e s t :
N o t a r y P u b lic , N . Y . C o .
I S A A C W A L i .A C H , ,
J O H N E . B u R .N E ,
> D ir e c t o r s .
____________________ yvM . P j S i . J O H N , ) __________

D E P O R T . OF T H E C ON DITION OF T H E
AV C O N T IN E N T A L N A T IO N A L
b a n k . N ew
Y o r k , a t t h e c l o s e o f b u s in e s s o n t h e 2 b th d a y o f
S e p t e m b e r , 1896.
RESOURCES.
L o a n s a n d d i s c o u n t s .......................
$4,378,067 42
o v e r d r a f t s ............................................................
17 90
U . S. b o n d s ............ ........................... ..............
4 56,10u Go
O t h e r s t o c k s a n d b o n d s ...............................
340,640 84
P r e m i u m s . .. . ............................
G9,w37 6o
R e a l e s t a t e ............................................................
586,000 00
S p e c i e ........
$1,043,817 76
L e^al te n d e rs an d ban k
n o t e s ............................................ 805,133 00
D u e f r o m T r e a s u r e r o f U .8 .
* ,2 o o oo
k i ch a n ges
fo r
C le a r in g
H o u s e ......................................... 164,289 94
D u e f r o m b a n k s ....................... 3.6,46■» 92
O t h e r c a s h i t e m s .....................
7,863 tO
-------------------- 2 ,289,268 41
T o t a l ................................................................. $8,119,022 07
L IA B IL IT IE S .
C a p ita l s t o c k .........................
$1,000,000 00
S u rp lu s a ii « p r o fi t s ..................$229,604 16
L e s s e x p e n s e s a n d t a x e s p a id 1 9 ,c4 4 3u
210,419 8 6
Circulation................................... , ........
31,^37 60
D iv id e n d s u n p a i d ............................................
8,448 42
D e p o s its :
I n d i v i d u a l s ............. $3,909,219
79
N a t io n a l b a n k s .... 2,25o,28S
07
S t a te b a n k s .............
080,6*7
89
A c c e p t a n c e s ...........
2 0 ,w6 <>
62
C e r t lu c a t e s o f d e p o s i t . . .
2 0 0 00
C a s h ie r ’s c h e c k s .........—
1,259 93
0,868,510 80
T o t a l ................................................................. $8,119,022 07
8 t a t e o f N e w Y o r k , C o u n t y o f N e w Y o r k , ss:
1, A L F R E D H . T im p b o n , C a s h ie r o i t h e a b o v e -n a m e d
b a n k , d o s o le m n ly s w e a r i h a t t h e a b o v e s t a t e m e n t
is t r u e , t o t h e b e s t o i m y k n o w e d g e a n d b e li e i.
A L F R E D H T iM P b O N , C a s h ie r.
S u b s c r ib e d a n d s w o r n t o b e f o r e m e t h is I s : ua>
o f O cto b e r, 1895.
G e o r g e H . Co r e y .
C o r r e c t —A t t e s t :
N o t a r y P u b l ic , N . Y . C o .
F R E D E R IC ' A ) L O R .
E . C. S I U R G E S ,
[ D ir e cto rs .
E D M U N D D. R A N D O L P H , )

THE

Fourth St. National Bank,
P HILADELPHIA.
Sept. J8, 1895.

L o a n s a n d d i s c o u n t s .......................................$9,774,770 80
D u e f r o m b a n n s ................................................
759,038 07
E x c h a n g e s f o r C le a r in g H o u s e .................
733.299 02
'C a s h a n d r e s e r v e .............................................. 3,254,80 ? 08

$14*522,541 57

SECURITIES?

T P in e S tre e t, N . w . T o r p ,

00
97
75
23
u2
Uo
19
00
00
00

00

R

of the i ondition of the
R eport
G A L L A T IN N A T IO N A L B A N K , at New

Y ork C ity , in t h e S t a te o f N e w Y 'ork , a t t h e c l o s e o f
b u s in e s s S e p t e m b e r 28, 1895:
RESOURCES.
I <oans a n d d i s c o u n t s .................................... $4,549,338 21
O v e r d r a f t s s e c u r e d . . . . ...............................
4 , 9 9 '0 0
U .S . b o n d s t o s e c u r e c i r c u l a t i o n . . . .
1 ,000,000 00
U. S. b o n d s o n h a n d ......................................
6»,U00 00
P r e m iu m s o n U. S. B o n d s ..................
95,058 10
S t o c k s , s e c u r i t ie s , e t c . ...............................
9 *0 4*2 88
o a n k in ^ -h o u s e ,fu r m t u r e a n d flx t ’ re s .
BOo.OOO 00
O th e r rea l e s t a t e & m o r t g a g e s o w n e d .
21,900 00
D ue f r o m n a t .b a n k s ( n o t r e s e i v e a g t s . )
2 3 1,*20 88
D ue fr o m S t a te b a n k s a n d b a n k e r s ...
8.754 40
U h e c k s a n d u t h e r ca sh i t e m s —
....
6 ,0 i l 49
Ex> h a n K e s f-u C le a r in g H o u s e ................
1,120, h« h 0 u
N o t e s o f O 'h e r n a t io n a l b a n k s ................
42,8( 0 00
F r a c t ’ l p a p e r c u r ’c y , n ic k e ls a n d c e n t s
200 79
L a w fu l m o n e y r e s e r v e i n o a n k , v z . :
S p e c ie ...................................... $ 5 1 -,0 3 s 00
L e g a l-t e n d e r n o t e s ...........
459,880 00
U .S . c t f s . o f d e p o s i t f o r
le g a l t e n d e r s ..................
980,000 00
------------------------------------------ 1,908,612 00
R e d e m p t io n f u n d w it h U . S. T r e a s ­
45,000 00
u re r (5 p e r c t . o f c i r c u la t io n ) ..
T o t a l ............................... - ............... ................ $10,684,780 81
l i a b il it ie s .

Capital stock paid in............................. $1,000,000 OO
Surplu* fund ....................................... 1,000,000 00
Undivided profits, less expenses and
t a x e s p a id ....................................................

681,424 79

Total..................................................$25,357,311 bO National bank notes outstanding.......
Due to uther nat’ l banks..$1,503,081 87
L IA B IL IT IE S .
Due to State banks and
Capital stock paid in............................
$500,000 00
b a n k e r s ...................................
462,064 12
S u r p lu s f u n d ........................................................

I,0 o0 ,0 0 0 00

Undivided profits, less expenses and
taxes paid.........................................
284,769 70
National banknotes outstand ng........
45,ob0 00
Due to other nat. banks. *9,81 9.113 00
Due to State bk?*. & b’kera. 9,312,523 30
Individual deposits sub­
ject to Check................ 4,618,098 10
Demand certificates of de­
posit................................
83,261 18
Cei tided checks................
153,074 83
Ca&nier’s checks out­
standing.........................
89,820 37
Deposits of U. S. disburs­
ing officers...................... 110,450 30
---------------- 23,527,541 80
$26,367,311 00

State of New York, County of New York, ss.:
I, H. W. CANNON, President - f the abovenamed bank, do solemnly swear that the a b o v e
statement is true to the best of my knowledge and
belief.
H. W. CANNON, President.
Subscribed and sworn to beiore me this 1st day
of Oci. 1895.
w . o. Jones,
Notary Public, Kings County.
Certificate filed in New York County.
Correct—Attest:
JN O . G. M O O R E ,

M O RTG A G E LO A N S
:

884.540 0o

I n d iv id u a l d e p o s i t s s u b ­
j e c t tu c h e c k ....................... 4,697,516 83

Demand certs, uf deposit.
Accepted drafts............. .

062 10
300,881 0*

----------------------

Dividends unpaid................................

7,015,045 02

._____ 777 00

T o t a l ................................................................. $10,684,786 81

State of New York, County of New York, ss:
1, A r t h u r W. Sh e r m a n , Cashier of the abovenamed bank, do solemnly swear that the above
statement is true, to the best of my knowledge and
belief.
A. W. SHERMAN. Cashier.
S u b s c r ib e d a n d s w o r n t o b e f o r e m e t h is 1st d a y
o f O c t o b e r , 1896.
H . L . BRAYNARD.
C orrect— A tte s t:
N o t a r y P u b lic .

F. D. TAPPEN,
AD

kI an

la E L I N , J r .,

)

> D ir e cto rs .

W. EMLEN ROOSEVELT, )

S P E C IA t

J j'lL T S

f ) OPER

)

WM. H. PORTER, > Directors.
CALV N 8. BRICE, )

in

T EX A S.

H. H . R O S H T 'N , C a s h ie r.

A. E. Hachfield,

00

K ef *kt of the condition of the

S 14.5-.ia .5A l 5 7

IN V E S T M E N T

85
25

C H A S E N A ’I 1 O N A L B A N K at. N t w V o r k .
in t h e S la t e o N ew Y o r k , a t t h e c l o s e o f b u s in e s s ,
S e p t e m b e r 2 8 . 1895.
resou rces.
L o a n s a n d d i s c o u n t s .......................................$ 14,954,408 80
O v e r d r a f t s , s e c u r e d — ........................
1,083 41
U .S. b o n d s t o s e c u r e c i r c u la t io n ...............
5c,UU0 00
U . S. b o n d s t o s e c u r e U . 8 .d e p o s i t s . ..
2 0 0 ,0 0 0 00
U. S. b u n d s o n h a n d .......................................
107,3 0 00
P r e m i u m s t n U . S . b o n d s ........................ .
L0..O8 00
............................. 2,882,206 11
B on ds and sto ck s
.
D u e fr o m n a t io n a l b a n k s . $759,750 57
D u e f r o m S t a te b a n k s una
b a n k e r s ..................................
239,149 84
C h e c k s a n d o t h e r ca sh
it e m s
.........................
5,855 93
E x c h a g e 8 f o r C le a r in g ­
h o u s e ........................................
875,878 15
N t e - o f o th e r n a t. b an k s
46,250 00
F r a c t io n a l p a p e r c u r r e n c y ,
n ic k e ls a n d c e n t s ..............
262 13
L a w fu l m o n e y r e s e r v e in
b a n k , v iz.:
S p e c ie ......................................
789,686 00
L e g a l t e n d e r n o t e s .........
883 ,0 8 8 0 0
U . i-. c e r t if i c a t e s • f d e ­
p o s it f o r n g a l t e n d e r s 4,020,000 0 0 -$ 7 ,0 6 9 ,6 7 0 62
R e d e m p t io n f u n d w ith U. S. T r e a s u r e r
(5 p e r c e n t o f c i r c u l a t i o n ) .......................
2,250 00

L IA B I L I T I E S .
C a p ita l s t o c k ........................................................ $1,600,000 00
S u r p lu s a n d n e t p r o f i t s ................................ 1,151,406 40
C i r c u l a t i o n ............................................................
845,780 00
D e p o s i t s .................................................................. 11,025.888 l l

00
00

T o t a l ................................................................. $83,0c0,W2y 56
L IA B IL IT IE S .
C a p ita l s t o c k p a id i n ....................................... $6,000,000 00
S u r p lu s f u n d ........................................................ 2,00o,000 00
U n d iv id e d p r o fit s , le s s e x p e n s e s a n d
t a x e s p a i d .............................
440,592 71
R e s e i v e d f o r t a x e * o f 1895..........................
67,094 97
N a tiu n u i b a n k n o t e s o u t s t a n d i n g ........... 8 ,9 8 1 ,4 -0 00
D u e t o o t h e r n a t ’ l b a n k s ...............................
4,700,47 k 49
D u e t o S t a te b a n k s a n d b a n k e r s ........... 2 ,0 3 7 ,(7 3 31
D iv id e n d s u n p a i d ............................................
0,413 0b
I n d iv id u a l D e p o s its s u b j e c t t o c h e c k . . 14.42f.269 <i8
D e m a n d c t f s . o f d e p o s i t ...........................
287,*60 28
C e r t ifie d c h e c k s .................
2 o?-,l73 2 u
C a s h ie r ’s c h e c k s o u t s t a n d i n g .................
121,490 11
T o t a l ..................................................................$83,980,929 55
8 t a t e o f N e w Y o r k . C o u n ty o f N . Y ., ss :
l, E d w a r m B U R N S, C a s h ie r o f t h e a b o v e - n a m e d
b a n k , d o s o l e m n ly s w e a r t h a t t h e a b o v e s t a t e m e n t
is t r u e t o t h e b e s t o f m y k n o w le d g e a n d b e l i e f .
E D W A R D B U R N S , C a s h ie r .
S u b s c r ib e d a n d sw o r n t o b e f o r e m e t h is 2 d d a j
o f O c t o b e r , 1895.
W m , Iv e s W a s h b u r n ,
N o t a r y P u b l ic . N . Y . C o.
C o r r e c t —A t t e s t :
JN O . T. T E R R Y ,
)
A U S T I N C » 'R B I N ,
> D ir e c t o r s .
d d m o n t Cl a r k e , \

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

RESOURCES.

08
71

E P O R T OF T H E C O N D IT IO N O F T H E
N A T IO N A L
I T Y B wNK O F N E W Y O R K ,
a t N e w Y o r k , in t h e S t a te o f N e w Y o r k , a t t h e c l o s e
o f b u s in e s s S e p t e m b e r 2 8 th , 1896:
resources.
L o a n s a n d d i s c o u n t s ...................................... $21,689,129
O v e r d r a fts , se c u re d a n d u n s e c u r e d ... .
4 ,0 -8 88
U.
1 o n d s t o s e c u r e c i r c u l a t i o n ............
900.000 00
U . S. b o n d s t o s e c u r e U . S. d e p o s i t s ___
2( 0,000 00
S t o c k s , s e c u r i t ie s , e t c ...................................
640.174 19
B a n k in g h o u s e , f u r n it u r e a n d fix tu r e s ..
200.000 00
D u e fr> m n a t io n a l b a n k s ( n o t r e s e r v e
a g e n t s )................................................................. 2,311,474 3fl
D un f r o m S t a te b a n k s a n d b a n k e r s ----02,398 07
C h ecn B A o t h e r c a s h it e m s ...........................
15<r,48z 83
E x c h a n g e s f o r C l’g H o u s e ............................. 8,053,701 38
N o t e s o f o t h e r n a t. b a n k s .............................
15.025 uu
F r a c t io n a l p a p e r c u r r e n c y , n i c k e l s a n d
c e n t s ....................... . . . ...................................
300 71
L a w fu l m o n e y r e s e r v e in b a n k , v iz :
S p e c ie ......................................$7,v-3l,920 00
L e g a l t e n d e r n o t e s ..........
459 000 00
U . 8 . c e r t ifi c a t e s o f d e ­
p o s it f o r le g a l t e n d e r s 5,296,000 00
13,086,920 00
R e d e m p t io n f u n d w it h U . S. T r e a s u r e r
(5 p e r c e n t o f c i r c u la t io n )
................
40,500 00
D u e f r o m U. S. T r e a s u r e r , o t h e r t h a n
42,446 73
6 p e r c e n t r e d e m p t i o n f u n d ...................
T o t a l ........................................................................ {-42,903,000 08
L IA B IL IT IE S.
C a p ita l s t o c k p a id i n ..................................... $1,000,000 00
S u rp lu s f u n d ..............................................................
1,600,000 0 0
U n d iv id e d p r o fit s , le s s e x p e n s e s a n d
t a x e s p a i d ................................................................. 2,209.670 08
N a t io n a l b a n k n o t e s o u t s t a n d i n g ..........
8v4,000 00
D iv id e n d s u n p a id ....................................................
600 00
[n d iv t d u a l d e p o s i t s s u b ­
j e c t t o c h e c k ............$32,503,763
10
D em and c e r t fs . o f d e p o s it
1,413 99
C e r tifie d c h e c k s .........
290,848
85
C a sh ie r's c h e c k s o u t s t a n d ­
in g ..............................................
46,308 08
U n it e d S t a te s d e p o s i t s
180 ,'-0 0 00-33 ,08 1,8 28 01
D u e t o o t h e r n a t . b a n k s . . . 3,308,204 00
D u e t o S t a te b a n k s a n d
u a n k e r s ....................... 1,499,918
3 4 - 4.808.177 84
T o t a l .........................................................................$42,903,030 08
- t a ’ e o f N e w Y o r k , C o u n t y o f N e w Y o r k , ss.;
I, G k o . D. M e e k e r , C a s h ie r o f t h e a b < v e-n a m ed
B a n k , d o s o l e m n ly s w e a r t h a t t h e a b o v e s t a t e m e n t
is t r u e , t o t h e b e s t o f m v k n o w l e d g e a n d b e li e f .
G E O . D . M E E K E R , C a sh ie r.
S u b s c r ib e d « n d s w o r n t o b e i o r e m e t h is 1st d a y
o f O c t o b e r . 1895.
G eo. h . Co r e y .
C o r r e c t —A t t e s t :
N o t a r y P u u li c , N . Y . C o .
SAM U EL SLOAN ,
.
R. G . u O L sT O N ,
> D ir e cto rs .
W M. R O C K E F E L L E R , ^

In te r e s t 7 P e r C ent N et.

NO COMMISSIONS charged borrower or lender
until loans have proven good.

C lX T B O lflC Z E

Sk V P P Z E M E ffT a

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m ailed fo r 8 0 cents.

WILLIAM B. DANA COMPANY,

F R A N C IS S M IT H & C O ,.
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A N T O N IO . T E X A S .

7 ^

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