Full text of Commercial and Financial Chronicle : October 6, 1894, Vol. 59, No. 1528

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i*
¡ j lU w iS j r p f * ,'
REPRESENTING TH E INDU STRIAL AND COMMERCIAL INTERESTS OP THE U N IT E D STATES«
[Entered according to A ct of Congress, in th e y e a r 1894, by th e Wil lia m B. D ana C ompany , in th e office of th e L ib ra ria n of C ongress.]

VOL. 59.

SATURDAY, OCTOBER 6, 1894.

NO. 1 5 2 a

4S
4S
3pue

i

O R tr o tix c I e .

The week’s total for & cities shows a gain of 8*0 per cent'
11
over 1893,

PINE ST REE T, N. W. CO RNER OF PEARL S T R E E T , N. Y.

Week ending September 29.

CLEARING HOUSE RETURNS.

1894.

1893.

For the month of September and the nine months the exhibit
is as follows:

439,191,40

420,625,64«

September.
1893.
$
1.841,195,79

New York.

Nine Months.
P.Ct

1894.

$
+ 1*1 17,528,5

1893.

P.Ot

$
97 24,559,400,13. —28*6

Boston.............
Providence....
H artford.........
New H a v e n ...
Springfield....
W orcester......
Portland.........
Fall R iver.......
Lowell. . . . . . . . .
New B edford.
Total N. Eng

288.162.53i + 6*i 3,001,899.19! 3.483,822.68« -13*8
16,527,90^ 1+24-:
170.98 i.701
221,832.20 ' -2 2 S
7.145,09: +43
74,965.71:
88,647,75! - 1 5 4
5,107.31 +7*C
62,043,55«
57,267.721 —9*1
4,895,95: +3*2
47,147.265
63,037,24 - 11*1
4,411,49' + 6*2
44,372,698
49,813.262 —U'C
4,766,07 +5-7
44,894.002
49,026.09: -8 * 4
2,226.175 +5-1
26,764,677
29,870.18« —10*4
+20-5
2.063,60:
22.9*7.727
26,541.01! —13*5
1,422,123 —3-8
15,395,245
18.041.55C —15*1
336,748,265 +7-6 8,501,343,768 4,077,918,711 -14*1

Philadelphia..
Buffalo............
W ashington..
R o chester. . . .
Syracuse.........
W ilm ington.,
B ingham ton..
Total M iddle

384,051,662

Chicago..........
Cincinnati......
Milwaukee....
D etroit.........
Cleveland......
Columbus.....
Peoria...........
Indianapolis...
Grand Rapids.
Lexington....
Saginaw.........
Bay City...... .
Akron.............
Springfield__
Canton...... .
Tot.M.West.

351,657.743
46,863,850
19,411,353
28,217,610
19,227,091
12.644.400
6,967.629
5,506,067
3,040,851
1,351,192
1,127,216
1,199,687
963,630
598,766
625,049
494,432,137

335,254,280 +4-9 3,134,171.088 3.547,571,597 —11*1
473,798.650
4X.408.55C +13-2
485.803.95C —2’6
162.293.663
14.654.075 +32-5
267,356.172 -39*3
210.333,991
19,7.48.552 +17-8
250,252,085 -15*9
173.988.278
16.925.691 + 13 6
209,567,743 -17*0
122.884.500
10,304.800 + 22'7
120.842.50fl +1*7
68,594.667
4,566.080 -+52’6
61,881,877 + 10*8
47,805,6*2
4,326.798 + 2 9 6
45,112,023 -*6 2
29,376,709
2,826,151 +7-6
35,179,321 —1 6 6
+54-9
13,303.778
872,894
13,722.844 - 3 0
10,766,827
1,117.340 +0-9
13,725.012 - 21*6
10,110,877
1,017,387 i-17-9
11,479,938 —11 9
6.751,586
617.219 +56-1
8,766.343 - 2 3 0
5.939.146
616.261 - 2‘8
7,397,222 —19*7
5,689,583
6,073,80 ? —6 3
511,357 +22*3
454,756,436 + 8 7 4,475,898,98.» 5,084,731,933 —12*0

San Francisoo.
Portland........
Salt Lake City
Seattle.........
Tacoma........
Los Angeles.
Helena.........
Spokane.......
8ioux Falls...
Total Pacific

54,971,449
4,642,680
4,452,230
2,019,771
2,203,997
3,167,669
2,655,674
1,225,908
400,465
75,769,843

52,254,893
3,625,753
2,630,190
2,028,217
1,430,749
2,813,109
1.300,000
918,522
478.597
67,4 oO,Ooo

+5*2
+28*1
+69*3
r t 1'0
+54*0
+ 12*6
+104*
+33*4
-16*3
+12*3

482,009,477
37,168,545
41,923.078
20,105,416
20.786.103
33,076,220
22,211,406
10.142,584
4.638.643
672,061,472

533,446,853
59,271,832
44,640,203
33,550,253
27,842.240
33,654,341
27,614,735
25.568.40?
5,694,221
791,283,135

-9 6
-3 7 3
—6-1
-40*0
—25*3
—1*1
-19-6
-60*8
— 85
1
—15*1

Kansas City..
358,865,892 —2*9
848,587,343
38,740.451
32,644,089 +18*7
Minneapolis..
2U5.2s7.2i7
239.446,017 -1 4 -3
22,552,550 +31*9
29,743,659
Omaha.......
180,583.223
232,311,921 - 2 2 3
19,456,151 - 12-2
17.074.879
St. Paul........
126,669,825
159,685.625 -20-7
10,529,221 +38*9
14,622,687
Denver.... ,
101,710,781
154,322.898 -34*1
10,474,732
7,524,717 -t-39-2
Duluth...........
79,550,467
73,803,410 +7*8
6,031,067 +77*9
10.734.880
St. Joseph ..
56.443.212
67,784,317 —16-7
5,465,630 -1*4
5,388,715
Sioux City ..,
24,101,428
33.006.710 -27*0
2,2c0,452
1,657,695 +46*4
+65*2
38,823,428
35.573.373
Des Moines. ,
2,513,428
4,151,706
Lincoln.........
16,828,451
19,401,132 -13*3
1,677,379 -2*5
1,625,4.-6
W ichita....,.,
15,846,149
18.034,024 —12*1
1,213,467 +8*9
1,321,620
Topeka..........
18,409,685
14,428,504 +27-6
1,354,075 +36*9
1,854,108
Fremont....... ,
3,154,880
3,518,921 - 1 0 3
343,585 -2 2 1
267.768
Tot.oth’rW . 138,278,113 112,863,054 +22*5 1,215,990,419 I,4 l0 ,l» 2 ,7 4 i —43-8
St. Louis....... .
823.881,453
855,625,301 -3*8
75,437,705 +17*0
88,258.037
New Orleans.,
295,300,782
350,526,643 -12*9
23,295,795 +6*3
24,766,691
Louisville..... .
233,027,620
246.798,239 —
5*0
17,682,237 +23*4
21,820,605
Galveston......
78,820.063
96,165,21« —180
10.160,365
10,035,342 + 1*2
Houston........
72,706,395
83.945.653 -13*5
7,455,418 +65‘8
12,360,086
Richmond ....
+3*7
84,338,361
87,781,908 - 8 9
7.933.392
8,627,218
Savannah... ! 10,681,006
65,542,710
56.729.U04 +15*5
8,217,980 +•29*9
Memphis........
60.818.162
62,023,880 —1-9
2.391.8L0 t-118*
5,223,18«
Nashville......
34,026.120
51.541.460 —3 4 0
1.708,044 +98*4
3,389,638
Atlanta ........
+25*1
37,424,269
43,901,120 -14-8
2,950,659
8,690,871
Norfolk.........
34,3d8,424
33,706,511 +1-9
8,484,315
3,490,542 - 0*2
Dallas...........
42,182,153
3.133.083 +5**3
37,402,542 +12 8
4,833,654
Waco..........
+14*2
21,568,263
21,142,596 + 2*0
2,710,350
2,882.103
Fort W orth..!
23,918,710
21,229,8*6 + 12 7
2,250,876
1,371,821 +64*1
Birmingham..
11,5*8,147
15,432,604 —
-&5’2
1,199,047
231,258 +418*
Jacksonville.,
14.5al.487
764.736 + 11*8
15,182,538 -3-9
865,360
-(-36*6
tnattanooga..
7,615.93*
13,374,29? - 4 3 9
747.000
546,657
Total South. 20i.066.238 169,038,692 +21*3 1,941,048,043 2,092,512,151 —7 2
Total all...... 3.525,036.69» ,335,081,022 +5*7 32.839,230.542 12,094,651,811 - 22-0
Outside N. Y. 1,660,005,085 ,493,885,223 + 11*1 15,310,724,571 17,535,251,678 -12 -7
Montreal......
46,855,219
45.767.089 +2*4
391.685.957
429.071,654 -8 - 7
Toronto ........
20,078,767
24,505,010 +181
202,600,224
234,414,414 - 1 3 6
H alifax....... '

Hamilton.......

_Tot. Canada.

5,082,367
2.686 878
74,683,231




P o r tla n d .................
N ew B e d fo rd ..........
T o ta l N ew E n g ..

+8-9 2,197,934.483 2,638,871.333 -16*7
—2-i
498.733,59!
541.345,672 —7*9
-t-27‘2
480,394,27!
515,454.882 —6*8 B in g h a m to n ............
-3 -2
141,868,061
166.617.30« —15*1 S c ra n to n ...................
-t-23-e
60,148.628
T o ta l M id d le .......
74,888,127 —19*7
54,070,463
59,123,121 -8*5
+ 9 ‘2
31,898,04«
36,985,327 —13*8 C hicago......................
-5 -e
26,995,424
34,267,442 —21*2
+ 12-2
12,831,200
11,069,800 +15*9
+88 3,504,374,184 4,078,623,004 - 1 4 1

227,934.743
53,093.042
39,493,492
14,916,90f
4,891,39«
5,370.644
3,233,09!
2,875.724
1,139,800
352,998,816

Baltimore..«..
Pittsburg......

Sales of—
(Stock........ shares
(Grain _ bushels
_

4,993,555 +1*4
3,091.370 - 1 3 1
78,857,024 -4*7)

43.430.743
25,223.845
662,940,769)

45,319,322 —4 2
28,299.431 -10*9
737,104,821' - 10*1 >

I n d ia n a p o li s ...........
G ra n d R a p id s .........
L e x in g to n ................

S pringfield, O h io ...
C a n to n .......................
T o t. M id. W e s t’n .

(1.038.088
(20,197,562

P . Cent

1892.

;i8 9 4

+4*1

613,279,96«

804,460,574

(1,227,056 (-1 5 -4
(10,945,837, (+84-5)

(1,321,965
(18,102,025)

(2,591,465)
(40 620,725)

90,869,381
5.286.00C
1,825,528
1.479,067
1.211,502
1193.78!
1,173,60!

112,700 530
6,80L800
2,273,797
1,774,976
1,382,191
1,368,143
1,361,458

534,81!
551,891
104,130,573

824.797
460,450
127,940,642
72,354.967
13,123.462
13,903.840
4,183.722
1.087,393
1,478,755
781.821
798,954
236,500

72,791,961
4.139.50«
1,879,69«
1,404,475
1,164,70:
1,051,91!
1,134,57:
632,38i
642.3S7
306,08C
85,047,671

65.516.814
3,972,001
1,632,76«
1,279,341
1.099.68;
932.52«
1,188,166
540,232
500,883
309,405
76,971,824

+ 11*1
+4-2
+15-:
+9*6
+5*!
+ 12-8
—4-6
—1*1
+28-!
—1-1
+10-5

57,964,666
12,713.24«
11,067,09«
3.669.63«
1,339,881
1,509.6?]
783.981
672,52!
294,800
755,012
90,014,453

52,990.393
9,610,26«
11,060,317
3,385.27!
1.077.987
1,147,854
641,395
650,89!
277,700

+9-4
+32-!
+ 0-]
+ 8*1
+24-3
+31*5
+ 22-2
+ 6-2

68,861,174
14.189,585
13,513.611
4.320,40!
1,931,889
1,504.211
806,27*
859,842
238,800

80,842,084

+11-3

106,225,771

108,559,414

83,629,344
78.992,183
10.203.85C
9,992,10C
3,874,414
4,498,177
4,545,924
6,104,787
4,581.113
3,833,855
3.227.00C
2,387.80C
1,458,458
1,181,800
1,210,154
931,371
711,276
674,258
803,708
232.448
256,464
262,915
266,199
243,915
181,131
130,000
115,194
166,480
125,000
139,573
115,886,434 1107,574,463

+5-9
4-2*1
+16-1
4-12-3
+19-5
+35-1
4^3-4
4-30-0
+5-5
+30-6
—2-5
+91
+39-3
—30-8
+11*7
+7*7

98.759,092
13.855.20C
7.940,417
7,011,852
5,554861
3.545.60C
1.774,833
1,118,797
892,455
393,012
428,383

93,657.480"
13,368.600
8,759,597
6,712.157
5,485,073
3,156,600
1,438,526
1,960,376
• »58,995
549,032

141,412,701

135,942,336

++2
13,432,991
686,9*5 ,+70*4
519,687 +105*1
484,270
—9*5
311,102
+&t*i
+22*7
545,995
300.00U +104-8
210.732
+31-1
-32*1
111,170

19,270.040
2,132.126
4590,3 7
1,037.627
1 . 100,000
585.335
723,408
1.028.736
180,000

19,505,679
2,400,000
1,400,000
965,208
1,204,966
720,600

138,199

F arg o * ........................
T o ta l P a c ific .......

13,994,900
1,170,237
1,066,130
43+076
572,881
669,833
614,297
276,306
75,483
192,647
18,878,148

16,602,882

+13*7

27,647,599

26,216,443

K a n s a s C ity ............
M in n e a p o lis.............
O m ah a.......................
S t. P a u l .....................
D e n v e r ......................
D u lu th ......................
St. J o s e p h ................
S io u x C itv .-. . . . . . . . .
D es M o in e s .............
L in c o ln .....................
W ic h ita .....................
T o p e k a. ...................
F r e m o n t...................
T o t. o th e r W e s t.

8,888,758
9,835,469
3,992,816
3,717,924
2,205,733
2,642,334
1,186,160
516,938
1,038,120
363,064
301,911
413.537
53.122
35,155,916

7,470,551
6,199,950
4,270.153
2,509,259
1,521,446
1,428,105
1,234,711
380,301
607,574
397,104
297,742
331.177
80,884
26,728,956

+19-0
4-58-6
-6 -5
+48-2
4-45-0
+85*0
—3-9
+35-9
4-71-0
—8-6
+1-4
+21-9
—34-3
+31*5

0,977.397
9.426,990
5,279.257
5.783,208
5.6*0.909
1,800,000
1.80L354
987,143
1.100.794
60 -.701
504,528
418.020
82,000
33,401,301

10.032.713 ‘
8,758.434
4,007,221
6,120.690
4,098,041
2,316,419
1,613.150
836,350
923,087
T556,623
; 510,734
[395,935

S t. L o u is ...............
N ew O rlean s............
L o u isv ille .................
G a lv e sto n .................
H o u s to n ....................
R ic h m o n d ................

19.130,580
6,316,633
4,736,853
2,731,180
8, 200.000
2,020,286
3,069,759
1,229,607
758,759
825,211
787,180
1.072,209
787,837
559,930
349.742
216,476
175,000
48,017,242

15,663,659
6.307.128
4,060,8*9
2,989,237
2,515.035
1,9 10,000
2,750,257
652,966
457.618
757,156
927,387
672,534
763,509
400,000
51.798
214,396
134,309
41,217,838

+ 22*1
-f-0'2
+16*6
-7*0
+27*2
+6*3
-+11*6
4-88*3
+65*8
+9*0
-16*1
+59*4
+3*2
+40*0
+575*2
+0*9
+80*3
+ lo"»

22,394.202
7.424,861
7,532.248
3,749,047
3,357.235
2,096,044
2,329,415
1,476,544
1,727,129
1,172,528
741.700
703,527
700,000
465,000
463,105
30i\000
398,000
56,930,585

S an F ra n c isc o .........
P o r tla n d ...................
S a lt L a k e C ity ........
S e a t t l e . ......... ...........
T a c o m a .....................
L o s A n g e le s ............
S p o k a n e ....................

M em p h is...................
N a sh v ille ..................
N o rfo lk ......................
D a lla s ........................
W a c o .........................
F o rt W o r th ..............
B irm in g h a m ... . . . . .
J a c k s o n v ille ............
C h a tta n o o g a ............
T o ta l S o u th e r n ..

39,068,397
21.366.246
*8 719,163
6,715,997
M,700,000
13.393,732
2,117,439
1.025.423
1,937,173
1,023 956
18OO 000
! 977 060
1660 000
■534,891
'349,000
55,111,480

+ 8*0 L093,031,406 1,297,299,286

T o ta l a l l................

832,191,263

770,663,687

O u ts id e N . Y o rk .

392,999,859

3*9,938,0*7

+12-3

479,751,530

492,838,712

M o n tre a l...........
T o r o n to ................. .
H a li f a x ......................
H a m ilto n ..................
W innipeg*................
T o ta l C a n a d a .......

12,006,890
5,291,164
1.283.880
666,883
1,272,022
19,148,817

10,744,176
5,172,699
1,193,901
638,364

+ 11*8
+2*3
+7*5
- 11*2

10,759,640
6,68t,70O
1,135,000

17,749,410

+7*9

11,405,218
5,725,300
1.050.000
600,000
.............
18,780,618J

* N o t In c lu d e d in to ta ls .

B T F o r t a b l e o l c le a r in g s by te l e g r a p h aee P a g e 5 8 5

......... .
17,479,400

576

THE

CHRONICLE.

THE FINANCIAL SITU A TIO N
Rumors of complications in Europe growing out of
various circumstances have dominated our markets
this week and in considerable measure during the past
two weeks.
The health of the Czar was the earliest
source of disquietude. It affected affairs here because
apparently the reports current served to unsettle confi­
dence on the continent under a belief that if the Czar
died the imminence of a European war would be de­
cidedly increased.
Then there was the difference be­
tween France and England with reference to Madagas­
car, which in the early part of the week seemed to
grow quite serious. Besides these and other minor
matters has been the Japanese and Chinese war, which
has assumed such conditions as for the moment to have
thrown the whole Chinese Empire into a state of semi^panic, threatening internal disorder if not revolution,
deranging its foreign trade, and giving rise to a fear
that in some way it might involve and disturb the ex­
isting peaceful relations of England and Russia. Alto­
gether these reports and suggestions so nicely inter­
locked and fitted into one another that the air has been
pretty full of war rumors—growing, to be sure, a little
less belligerent towards the end of the week—and our
stock market and foreign exchange have suffered under
their influence.
Apropos of the statement and figures we gave last
Saturday illustrating the currency and monetary situa­
tion is the political manifesto signed and issued on
Wednesday by the Democratic State Executive Com­
mittee of Ohio, urging at great length “ the import­
ance of the question whether silver shall be restored
to its full money power,” the abandonment of “ the
currency-contracting policy of the last twenty years”
and the giving “ to the country of free silver.” The
figures and statement we refer to as published by us last
Saturday were that “ on January 1, 1879, the amount
of gold, silver and paper money in circulation reached
an aggregate of $946,655,000 ; on January 1, 1884, the
aggregate was $1,266,054,602; whereas on January 1,
1894, it had swollen to the immense total of $1,729,018,266.” On the same occasion we also said that this
comparison is not complete in itself ; a further “ feat­
ure is that all the gain in circulation shown between
the earliest and latest date mentioned ” has been silver
and its paper representatives. What a travesty on truth it
is to call the policy these figures represent a currency­
contracting policy, and what a depth of ignorance in
the average Ohio citizen this manifesto counts upon
for its success when it says that the question is now
whether silver shall be restored to its full money power
by free coinage in the United States. The G-overnment has been securing all these years (not by free
coinage, for that would not do it,) just what is here
urged; that is, it has been flooding the country with
silver and has kept the silver issues up to the old
and full money power. That two-fold policy
was pursued until the mistrust created in the
ability of the Government to continue it produced
the worst panic the country has ever experienced.
Now this Ohio proposal is to let any one who owns
fifty cents worth of silver bullion coin it into a dollar.
Obviously under that arrangement no one who could
help it would take the dollars, but every one who had
gold money would buy bullion, have it coined, and so
get his dollars. Thus the object of the plan would be
not to keep up silver to the full money power but to
drag all values down to the silver bullion level, and




fVOL. LIX.

the man who wrote that document knows that if the
proposal was adopted that would be the almost imruediate and inevitable end of the policy. Can it be that
it will prove profitable for any party in Ohio to issue
such an appeal as this to the voters of that State ? We
have met many Ohio men but we never met one who
was not clever enough to know the difference between
fifty cents and a dollar.
The market for money in all departments has been
growing easier this week. On call at the Stock Exchange the rate has not fallen below 1 per cent but bal­
ances have been difficult to loan at that figure, and
even at banks and trust companies 1 per cent has been
the rule and
per cent the exception.
For time
money there appears to be little or no demand for thirtyday contracts, the reason being that commission houses
who are loaning their stocks in the stock market are
not in need of much money and even those who are
carrying stocks can obtain all they are likely to require
in the call loan branch of the market. For three
months, money can be borrowed at 2 per cent; these
loans will not mature until early in the new year but
do not quite carry the borrower over the usual period
of more active money; the rate for a four months con­
tract, which would mature in February, is .3 per
cent.
Indeed, it is reported that a loan
has been made at this rate for eight months
on good Stock Exchange collateral. One reason
for the easier money is the slacking up in the demand
from the interior, especially from the South and South­
west. Banks which have been doing a good business
with their correspondents in the cotton sections report
less inquiry, and one banker expressed surprise this
week in having some of these loans paid off. So far as
the West is concerned comparatively little money has
been sent for several weeks. This week we hear that
two of the largest banks in that section have opened
new accounts here in addition to those they were
already keeping, the object being to place money at
interest, the limit upon which interest will be allowed
on their old accounts Raving been exceeded.
Money on call, representing bankers* balances, re­
mains, as stated above, unchanged at 1 per cent, with
renewals at the same figure, and though some banks and
trust companies quote 1^ and in a few cases obtain
that and even 2 per cent for loans which stand undis­
turbed, the new businesses done at 1 per cent. Time
money for thirty days is quoted at 1^ per cent;
as, however, there is no inquiry the rate is purely
nominal. For sixty to ninety days the rate is 2
per cent, though very few loans are being placed.
For four to six months the rate is 3 per cent,
but, as stated above, money has been loaned
at 2-§- per cent for six months and at 3 per cent for
eight months; these may be regarded as exceptional
transactions, and yet they indicate the degree of the
desire on the part of lenders to place their money for
fixed periods at some rate. In the commercial paper
market very few new names appear, and the supply
of really first class is quite small; the demand is good
not only from the city but from the interior, and, in­
fluenced by the somewhat urgent inquiry, rates are
easier, with indications of a speedy further decline.
Quotations are 3 per cent for sixty to ninety day en­
dorsed bills receivable, 3£@4 per cent for four months’
commission house and prime four months single names,
3£@4£ per cent for prime six months, and 4 f@6 or 7
per cent, according to the grade, for four to six mouths
good single names.

October

6, 1894.J

THE

On Wednesday there was a sharp fall in English con­
sols in London of from i to f of 1 per cent compared
with the close on Tuesday, due to rumors of impending
trouble between France and England growing out of
the situation in Madagascar ; but on the following day
the market recovered. What seemed to confirm the
rumors was the announcement on Wednesday morning
that the English Cabinet had been summoned to meet
on the following day ; and what led to the recovery was
the fact that the Cabinet Council had been assembled
only for the purpose of making arrangements for the
protection of English interests in China. Bar silver
fell to 28 15-16 pence per ounce on Wednesday, influ­
enced by the derangement in Chinese and Eastern
exchange. The Bank of England minimum rate of
discount remains unchanged at 2 per cent. The flurry
in the markets on Wednesday appeared to have no effect
upon the open market rates, and the cable quotes dis­
counts of sixty to ninety day bank bills in London of
1 per cent. The open market rate at Paris is I f per
cent, at Berlin it is I f per cent and at Frankfort I f
per cent. The higher rates on the Continent com­
pared with London have caused a fall in exchange at
Paris and Berlin on London, drawing gold to the Con­
tinent. According to our special cable from London
the Bank of England lost £1,256,080 bullion during
the week and held at the close of the week £37,455,029.
Our correspondent further advises us that the loss was
due to the import of £59,000 (of which £50,000 were
from Australia and £9,000 from Portugal), to £829,000
sent to the interior of Great Britain and to £486,000
exported, of which £200,000 went to Roumania, £120,000 went to Egypt and £166,000 was sold in the open
market, mostly for Germany.
The market for foreign exchange^has been generally
firm this week, influenced by a demand for current re­
mittance by importers in the dry goods district, and
particularly by those in the silk trade, by an inquiry
from sugar importers to remit for Cuban account, by
some demand from the arbitrage houses in settlement
for stocks sold for European account, and by an inquiry
to remit for coupons. The supply has been good, even
better than has been noticed recently, and spot cotton
bills and drafts delivered on contract have come
forward in fairly liberal amounts, but the inquiry has
been so urgent that these have been promptly ab­
sorbed, leaving the market almost bare at the
end of the week. The tone was firm on Monday
and it so continued throughout the day. On Tuesday
there was a fair business done at practically unchanged
figures, and the commercial bills offered were promptly
absorbed. On Wednesday the feature was buying in com­
paratively large amounts by two of the leading foreign
banking houses, and in view of the fact that the cables
announced unsettled markets in London and on the
Continent, it was inferred that these purchases were
influenced by this disturbed condition of affairs in
Europe, and rates for actual business in sterling and
quotations for marks and guilders advanced. After
this special demand was satisfied the market became
easier, and it so closed, opening with an easy tone on
Thursday, but growing firmer on a renewal of the
demand for remittance, although the offerings of cot­
ton bills were fairly large. Yesterday exchange was
strong on renewed disquieting reports with regard to
the health of the Czar, and both posted and actual
rates were advanced in several cases. The following
table shows the daily changes in rates of exchange by
leading drawers.




577

CHRONICLE.
F ri.,
M on.,
S ep t. 38. O o t.l.
86«
B row n B r o
B row n B ro ss .... {80 dht...... 8 7 «
| glK a y s .. 8 6 «
87«
B aring,
( 60 d a y s .. 66
80
87
M ag o u n & Co. ( S ig h t...... 87
B ank B ritis h
( 60 d a y s .. 86
86«
N o. A m erica.. \ S i g h t . . .. 87
87«
B an k o f
(6 0 days.«- 86
88
M o n trea l........ ( S ig h t........ 87
87
C an a d ian B a n k (6 0 d a y s .. 3 6 «
86«
87«
o f C o m m erce. ( S ig h t...... 8 7 «
H eid e lh ach .Ic k - (6 0 d a y s .. 8 6 «
86«
e lh e im e r & Co < S ig h t....... 8 7 «
87«
86«
L.azara »Teres... J gi(?ht....... 8 7 «
87«
M e rc h a n ts’ B k . (6 0 d a y s .. 8 6 «
86«
o f C a n a d a .... 1 S ig h t....... 8 7 «
87«

T a e s M W ed..
O ct. 3.
O ct. 3.
86«
86«
87«
87«
86
86
87
87
88«
86«
87«
87«
86
86«
37
87«
86«
86«
87«
87«
86«
86«
87«
87«
86«
86«
87«
87«
36«
86«
87«
87«

T h u rs .,
O ct. 4.
86«
87«
86«
87«
86«
87«
88«
87«
88«
87«
86«
87«
86«
87«
36«
87«

F rl..
O ct. 6
86 « -7
87 « -8
86«
87«
86«
87«
86«
87«
86«
87«
86«
87«
8 6 « -7
87H-8
86«
87«

The market closed firm on Friday at 4 86^@4 87 for
sixty day and 4 87^@4 88 for sight. Rates for actual
business were 4 85f@4 86^ for lo n g ; 4 86f@4 87 for
short ; 4 87@4 87i for cable transfers; 4 85£@4 85^
for prime and 4 84f@4 85 for documentary commer­
cial bills. The Bretagne arrived on Monday with
$6,000 in francs in transit.
Our statement of bank clearings for September
shows that business revival continues, and that the vol­
ume of trade is larger than a year ago, when of course
it was exceptionally small. If the pace is not rapid it
is all the healthier on that account and the more
natural. Taking the aggregate of all the clearing
houses we have an increase over the same month last
year of 5*7 per cent, which is precisely the same as the
ratio for the month preceding. Actually the result is
better than this, as there was an extra Sunday in the
month the present year—that is, there were five Sun­
days in September, 1894, against only four Sundays in
September, 1893. In brief, then, with one less busi­
ness day, September clearings show nearly 6 per cent
increase over a year ago. Outside of New York the
result is still more favorable, the increase being over
11 per cent.
MONTHLY CLEARINGS.

Uontn.

Clearings, Total AH.
1891.

1893.

Clearings Outside New York.
P.Ct.

1894.

1893.

P.Ct.

8
8
8
8
Ja n u a ry .
1,053,566,086 5,951,831,162 —31-9 1,888,002,030 2,390,422,750 -21*0
F e b r u a r y .. 3,206,651,100 5,082,399,965 - 3 6 9 1,482,611,610 2,015,505,166 -2 6 -4
M a rc h ......... 8,754,675,308 5,121,190,519 —30-7 1,705,763,757 2,170,793,967 -21-4
1 st q u a r.. 11,014,895,791 16,155,751,676 - 3 3 0

5,076,480,397 6,576,721,883 - 2 2 '8

A p ril............ 3,722,729,081 4,953,076,416 -2 4 -8 1,704,410,893 2,146,726,582 -2 0 -6
M ay............. 3,891,612,381 5,281,832,779 —26'3 1,801,476,972 2,226,353,438 —19*0
J u n e ............ 3,601,647,318 4,553,616,925 - 2 0 9 1,703,067,084 1,927,720,466 —11*6
2d q u a r ... 11,218,988,783 14,788,526,120 -21 -1

5,208,954,949 6,300,800,486 —17-3

6 m o n th s. 22,233,884,577 31,244,280,796 - 2 8 8 10,285,135,346 12,877,522,369 -20*1
J u l y ............ 3,515,091,648 4,154,453.009 —15-4 1,671,682,872 1,761,046,138 —5*1
A u g u st....... 3,565,217,619 3,360,836,981 +5-7 1,693,598,263 1,402,797,948 +20*7
S ep te m b er. 3,525,036,698 3,335,081,022 +5-7 1,660,015,085 1,493,885,223 +11-1
3d q u a r ... 10,605,315,965 10,850,371,015 —2-3 5,025,286,226 4,667,729,299 + 7 '9
9 m o n th s 32,839,230,542 42,091,651,811 -2 2 -0 15,310,721,571 17,535,251,678 —12 V

As in August, the improvement is most marked in
the remoter sections of the country. At New York
the increase is only 1*3 per cent, for the New England
section it is 7*6 per cent, for the Middle section 8*8
per cent, for the Middle Western section 8 ’7 per cent,
for the Pacific Coast 12*3 per cent, for the Far Western
section 22*5 per cent and for the South 21*3 per cent.
The smaller ratios of gain in the East are due to the
greater prominence of financial transactions here,
where the effects of business revival are slower in
making themselves felt. There are 74 clearing houses
altogether in our statement, and of these only 11
report a decrease for the month, while 63 report
an increase. Buffalo is one of the 11 places show­
ing a decrease, but the decrease is only 3*2 per
cent, which is a very much smaller ratio of de­
cline than for the months preceding. It is proper
to say, however, that the previous comparisons of
Buffalo clearings were erroneous, owing to a change
in the method of reporting the figures. It seems

578

TH E CHRONICLE.

that formerly it was the practice to include in
the totals ehecks paid over the counter, thus unnatur­
ally swelling the aggregates. The present year, since
March, the figures have been given in the proper way
on the same basis as those for New York City, and in
comparison with the expanded totals of last year this
made a very striking decrease. We have now been
furnished with the previous year’s figures on the right
basis and have accordingly revised our totals, so as to
have the comparisons correct. The result is that the
loss to date is very much smaller than appeared by the
earlier statements.
BANK CLEAKINGS AT LEASING CITIES.

—September.—
- Ja nuary 1
(000,000s
1894. 1893. 1892. 1891.' 1894. 1893.
* omitted.)
$
$
$
$
$
$
New Y o rk ... 1,865 1,841 2,778 3,322 17.529 24,559
Chicago........
352
335
439
398 3,134 3,548
B oston..........
308
380
409 3,002 3,484
288
P h ilad elp h ia
248
292
282 2,198 2,639
228
St. L o u is ___
75
88
102
97
823
856
S an F ra n ’co.
55
52
72
482
533
78
B a ltim o re ...
52
53
60
63
499
541
P i tts b u r g . . .
39
50
60
54
480
515
C in cin n ati...
41
47
62
55
474
486
New O rleans
39
33
45
42
349
359
K an sas City.
25
23
27
32
295
351
19
M ilw aukee..
15
32
32
162
267
L o u isv ille...
22
18
30
26
233
247
Buffalo.........
14
141
IS
17
16
167
23
D e tro it.........
20
210
31
26
250
M inneapolis.
30
23
37
39
205
239
17
19
23
O m ah a.........
17
181
232
P ro v id en ce..
21
21
21
17
171
222
C lev e la n d ...
19
17
24
24
174
210
D en v er........
11
102
25
154
8
18
11
St. P a u l.......
15
23
19
127
160

to Sept. 30.— ,
1892. 1891
$
$
26.800 24.260
3,712 3,209
3,624 3,477
2,792 2,417
899
827
596
655
574
537
501
565
548
487
363
328
335
358
256
223
281
270
143
112
260
229
300
237
212
135
204
197
215
191
200
170
194
165

T o ta l......... 3.319 3,171 4,580 5,070 30,971 40,019 43,073 39,005
234
O th er cities..
165
215 1,868 2,077 2,132 1,873
206
T o ta l a n ... 3,525 3,336 4,814 5,285 32,839 42,096 45,205 40,878
O utside N.Y. 1,660 1,495 2,036 1 ,9 6 3 1 5 ,3 1 0 1 7 ,5 3 718,405 16,618

With reference to speculation on our New York
Stock Exchange in its bearing on ordinary bank
clearings, as the transactions have been smaller than a
year ago the effect has been to cut down the clear­
ings, though the greater part of the stock sales is
cleared by an independent method. The share sales in
September 1894 reached only 4,064,049 shares, against
4,722,491 shares in September 1893, and the estimated
market value of the sales is 252 million dollars
against 262 millions.

while September 1893 had only four Sundays. These
two factors combined will explain the very heavy
loss in gross receipts for the month reported by such
roads as the Rock Island, and will also explain why
in the aggregate our compilations for the periods
mentioned record slight decreases. We have as yet
had only 35 roads for the fourth week of Septem­
ber, and these show 2*54 per cent decrease. For the
month of September our preliminary statement cover­
ing 41 roads records 3*91 per cent decrease.
Additional returns of net earnings for August have
been received this week, and some of them are strik­
ingly favorable. Perhaps the best among them is that
of the Denver & Rio Grande, which reports gross of
$644,808 against $484,248 and net of $297,351 against
$155,560. The Louisville & Nashville reports $169,032 gain in gross, $111,577 gain in net; the Toledo
& Ohio Central $89,630 gain in gross, $60,393
gain
in
net; the
Western New York &
Pennsylvania
$27,193
gain
in
gross,
$57,.
873 gain in net; the Savannah Florida & Western $31,012 gain in gross, $24,213 gain in net; the Southern
Pacific $116,964 gain in gross, $117,103 gain in net;
the New York Ontario & Western $11,937 decrease in
gross, $3,611 gain in net; the Norfolk & Western
$140,142 gain in gross, $1,635 gain in n e t; and the
Kansas City Fort Scott & Memphis $21,555 gain in
gross, $44,952 gain in net. The Atchison Topeka &
Santa Fe is a road which still does poorly. With
$197,132 decrease in gross, expenses have been in­
creased $180,040, giving a loss in net of $377,172.
The Canadian Pacific has lost $218,074 in gross and
$159,479 in net. A few other companies also show
losses either in gross or net, or both. In the follow­
ing we give the earnings for four years of a few lead­
ing companies, enabling comparisons to be made with
1892 and 1891 as well as with 1893.
Name of road.

A t. T o p . & S. F e (all lin e s ) .. .G ro ss
N et
|SALES OF STOCKS AT TH E NEW YORK STOCK EXCHANGE.
C an a d ian P a c i f ic ...............
-N et
1893.
1894.
C hicago B u rl. & N o r th e r n . .G ro ss
N et
Values.
Valu««.
Month. Number
Number
-D e n v e r & R io G r a n d e ....... ..G ro ss
N et
of Shares.
of Shares.
P ar.
Actual.
Par.
Actual.
E lg in J o lie t & E a s t e r n . . . .
N et
1
$
$
$
Io w a C e n tra l..........................
Ja n __ 4,519,463 445,082,520 257,323,270 10,583,961 964,551,825 705,648,12
N et
F eb .... 3,173,527 310,597,250 188,671,536 10,742,926 886,537,950 566,749,945
E a n . C ity F t. S c o tt & M em .G ro ss
M arch. 4,755,888 464,925,000 281,106,748 7,390,694 667,797,100 453,432,872
N et
l s t q r 12,448,373 1,220,604,770 725,101,554 28,717,580 2,518,886,875 1,725,830,945 L o u isv ille & N a s h v ille ....
N et
A pril... 4,024,651 396,238,500 219,543,822 6,271,083 591,037,380 380,697,813 M ex ican C e n tr a l.................. ..G ro ss
N et
M ay .... 4,808,808 465,310,050 324,363,706 8,972,435 856,148,250 466,085,607
J u n e ... 3,395,727 836,156,400 239,451,431 4,823,997 454,188,600 253,852,274
N et
2d qr. 12,229,186 1,197,704,950 783,368,959 20,067,515 1,901,374,230 1.100,635,694 M ex ic an N a tio n a l.................
N et
0 m o s .. 24,677,659 2,418,309,720 1,508,460,518 48,785,095 4,420,261,105 2,826,466,639 N . Y . O n t. & W e s te r n ......... ..G ro ss
N et
J u ly .... 2,803,736 277,262,850 190,975,817 5,895,187 574,371,700 322,593,474
A u g u st 6,034,8J() 498,873,660 308,737,404 4,903,629 483,743,200 260,577,015 N o rfo lk & W e s te r n ............
N et
S e p t.... 4,064,049 400,396,200 252,698,930 4,722491 460,653,550 262,471,819
R io G ra n d e W e s te r n ......... ..G ro ss
N et
M qr. 11,902Î595 1,176,032,700 752,412,151 15,521,307 1,518,768,450 845,642,338
S o u th e r n P a c ific ..................
ft m o s .. 36,580.154 3.694.342,420 2,260.872,664 64,306,402 5,939,029,555 3,672,108,977
N et
T o led o & O hio C e n t r a l....
N et
Returns of railroad earnings also continue to afford
W e s te r n N . Y . & e n n . . . .
P
N et
evidence of improving trade conditions, but it is neces­

1S94.
8
3,466,740
855,846
1,655,552
575,256
174,297
68,489
644,808
297,351
96,761
27,254
146,569
49,125
402,317
127,921
1,692,667
642,330
651,567
179,064
148,579
44,700
348,222
150,762
378,871
133,814
959,030
287,900
193,628
52,761
4,134,374
1,601,129
239,178
109,341
326,215
132,147

—August Earrwngs.—
1893.
8
3,663,872
1,233,018
1,873,626
734,736
169,305
66,685
484,248
155,560
72,057
19,985
146,433
45,243
380,762
82,969
1,523,635
530,753
639,698
201,790
141,000
48,790
319,029
127,682
390,808
130,203
818.888
286,265
182,439
71,009
4,017,410
1,484,026
149,518
48,948
299,021
74,273

1892.
8
4,524,048
1,584,323
1,820,388
728,988
230,465
106,757
945,108
451,461
77,067
25,091
165,867
37,228
488,631
142,835
1,917,875
690,221
630,147
240,737
161.418
52,100
444,701
177,855
355,835
121,873
933,460
319,985
255,270
95,336
4,593,055
1,852,086
198,973
76,713
325,886
113,649

1891.
f
4,055,104
1,350,026
1,73»,985
720,603
187,657
81,362
784,063
299,501
70,879
29,939
156,812
46,9¡7
1,796,054
657,253
601,373
165,838
346.683
96.236
296,899
96,600
828,922
323,255
240,089
94,119
4,516,257
1,982,122
171,898
64,976
350,338
113,023

The following gives the week’s movements of moaey
sary that the returns should be properly interpreted.
We have previously referred to the important part to and from the interior by the New York banks.
played by the World’s Fair in swelling passenger earn­
Received by Shipped by Net Interior
Week Nnding October 6,1894.
Movement.
N. V. Banks. N. T. Banks
ings last year, and the consequent loss from that
G ain
cause in the comparisons the present year. Besides Currency............. .............................. $ 3 ,3 0 1 ,0 0 0 $3,27 2 ,0 0 0 G ain.. $29,000
350,000
Gnifl _____
________________
4 5 0,000
8 0 0 ,0 0 0
this, for the fourth week and month of September
Total gold and legal ten d ers__ $4,10 1 ,0 0 0 $3,7 2 2 ,0 0 0 G ain . $379,000
there has been another exceptional element in
Result with Sub-Treasury operations :
the comparisons affecting the 1894 results adversely.
Net Change in
Out of
Into
Week Ending October 5,1894.
We have reference to the fact, mentioned above in
Bank Soldinjt.
Banks.
Banks.
commenting on bank clearings, that there was one less Banks’interior movement, as above $ 4 ,1 0 1 ,0 0 0 $3,72 2 ,0 0 0 G ain . $379,000
working day in the month the present year, owing to Sub-Treasury operations................. 1 4,000,000 12*500,000 G ain . 1,500,000
Total gold and legaltenders...... $18,1 0 1 ,0 0 0 $ 1 6 ,2 2 2 ,0 0 0 G aia! $ L 8 7 9,000
the fact that September 1894 contained five Sundays




Octo b er

6, 1894. J

THE

CHRONICLE.

579

The smaller receipts in September are easily ex­
following table indicates the amount of bullion
plained. In July and August, and even in June,
la the principal European banks.
whiskey had been withdrawn from bond in large quan­
October 5,1893.
October 4, 1894.
Bank of
tities in excess of current consumption because of the
Silver.
lotal.
Silver.
Total.
Gold.
Gold.
higher tax the new tariff bill was expected to, and did,
£
£
£
~£
£
£
26,765,993 impose.
A month ago we estimated the amount with­
37,455,029 26,735,933
England....... 87,455,029
76,035,^91 50,161,818 126,197,439 67.832 000 50 818,000 118,650,000
France.. .
34,465,500 11488,500 45,954,0C0 27,637,500 9,232,50) 36,930,000 drawn, in excess of ordinary consumption, at not to ex­
Germany*....
Aust.-Hung’y 13.893,000 14 871,000 28'.764 00O 10,661 >00 18 260,000 26,921,000 ceed 25 million gallons, which, calling the amount
8,004,000 9,650,000 17,654 000 7,917,000 6,313,000 14,260,000
Spain........
Netherlands. 4,069,000 6,860,000 10,923,000 2,369,000 6,935,000 9,304,00 0 taken out of bond in 1892-93 normal consumption,
Nat.Belgium* 3.037,333 1,518,667 4,556,000 2,637,333 1.318,667 3,953,000 would be a three months’ supply.
According to that
Tot.this week 176,959 453 91,550,015 271,503,468 145 879,823 90,907167 236,783,993
estimate, September, October and November ought to
Tot. prev. w’k 179,640,466 95,447,449 275,087,915 148, 303 236 91,695,417 233,937,643
* The division (betw een gold an d silver) given in o u r ta b le of coin show small receipts from internal revenue, and the total,
and bullion in th e B ank of G erm any an d th e B ank of Belgium is m a d e $6,182,000, now reported under that head for the first
from the best estim ate we a re able to o b ta in ; in n e ith e r case is i t
claimed to be a c c u ra te , as th o se banks m ake no d istin ctio n in t h e i r of those months is certainly as large as could have been
weekly retu rn s, m erely re p o rtin g th e to ta l gold an d silver, b u t we reasonably anticipated.
The revenue from Customs
believe th e division we m ake is a close ap p ro x im atio n .
dues in September was not, however, up to our expec­
Note.—We receiv e th e foregoing re su lts w eekly by cable, an d w h ile
There was a large increase over many recent
not all of th e d a te giv en a t th e h ead of th e colum n, th e y a re th e re" tations.
turns issued n e a re s t to th a t d a tp —th a t is, th e la te s t re p o rte d figures.
months, the total being $15,565,000, against an aver age of $9,702,000 for the previous five months; but we
THE; TREASU RY OUTLOOK.
looked for larger withdrawals of dutiable goods from
The conspicuous feature of the Government exhibits warehouse than the statement shows, and besides we
for September is the smaller receipts and continued had the impression, based on the extremely restricted
large disbursements reported. For July the receipts, movement during past months, that imports in
including the National Bank Redemption Fund,reached greater volume would have been in progress by this
a total of $35,697,000, and for August they were time.
$41,051,000, whereas for September the corresponding
Of course the large import of sugar before the new
items aggregated only $24,217,000. So large a fall­ tariff law went into effect, said by the Washington
ing off was not generally anticipated, and inasmuch as authorities to be three or four months’ consumption,
the smaller revenue in September has been concurrent eliminates that article for the time being from the
with $31,093,000 of disbursements the outcome of the sources of revenue under the Customs branch of the Gov­
Treasury operations for that month is a material loss in ernment income. That item was estimated to furnish at
the G-overnment cash. This condition has produced a the minimum $43,000,000 a year, and so make up for
feeling of disappointment, and yet when the figures a large part of the revenue lost by the general reduc"
are examined more closely the movement will be found tion of tariff rates. After, and perhaps before, the first of
to be natural and to afford no cause for surprise. More­ January, the revenue from sugar will, we may assume,
over, the month’s adverse balance represents the result become of importance again. We see it stated that
of merely temporary influences, and no doubt will the income tax will likewise be a resource soon after the
soon be followed by a liberal surplus.
new calendar year opens. That is a m istake., That
As to the disbursements, we said a month ago that tax is levied on the income of 1894; the return is not
they would likely continue to be abnormally large in required to be made until on or before the first Mon­
September. On that occasion we seated also that large dis­ day of March, and the tax is not really due until the
bursements were a feature of the early months of every first of July. The law reads, “ shall be due and payable
fiscal year. This irregularity is generally confined to on or before the first day of July,” and if not paid on
the first two months except when some of the import­ or before the date specified a penalty is attached.
ant appropriation bills are delayed longer than usual, Probably to escape the penalty a considerable portion
as was the case at the late session of Congress, and then of the revenue from that source will come in the latter
it may be continued into September. The reason for a part of June; but as the total estimated proceeds of
■customary heavier drain on the Treasury at that time is the tax are only 15 million dollars, the maximum rev­
to be found in the fact that it often happens when the enue derivable therefrom and falling within the current
new appropriation bills become operative that a good fiscal year is not likely to exceed, if it reaches, 10
many deferred payments have to be met— payments million dollars, and that consequently will be of no
■necessarily deferred until the legislation has been per­ help to the Treasury until the last month of the fiscal
fected making needed money available or until the year year.
begins for which it is available. Many times there are
The foregoing shows that all doubt respecting the
Tiver and harbor improvements and public buildings in Treasury situation is confined to the coming three
progress which are thus situated, and at other times months. Of course after the sugar revenue begins to
pension dues or almost any one of the many items come in freely the Government will be supplied with
cf Government expenses may happen for like reason to ample funds; and it would appear as if the payments
be in arrears. It is to be noted that the disbursements on that account ought to reach an average or nearly
for the first three months of the current fiscal year hare that by the first of January. Another assumption
been $101,056,000, or an average of $33,685,000, would seem to be authorized, which is that not only the
whereas for the previous six months—that is for the sugar revenue but the revenue from all other sources
last six months of the previous fiscal year—they ooly will speedily begin to recover from the small figures
averaged $30,728,000. This contrast is the more strik­ reported since the middle of September. It was natural
ing and is made more clearly indicative of smaller aver­ after the large takings out of bond and out of warehouse
age disbursements in future months when it is remem­ of whiskey and merchandise imports incident to tariff
bered that the total appropriations for the previous legislation that there should be a decided shrinkage
fiscal year (1893-94) were several million dollars larger in the revenue receipts. There will of course be no rethan for the fiscal year of 1894-95.
‘ turn to the large inflow incident to the enactment of
~ The




580

TH E CHRONICLE.

the new tariff law; but it is reasonable to anticipate a
gradual expansion of all branches of the revenue from
this time on until they reach normal proportions. For
instance, the total Government income from internal
revenue taxes probably touched a minimum in Septem­
ber. On the other hand, payments on account of Cus­
toms duties in October are likely to fall short of the
September receipts. Altogether, however, the gain in
the one item ought very nearly to balance the loss in
the other, so that the revenue for the current month
need fall but little if any short of the September receipts,
and after October these conditions ought gradually to
improve.
It must be kept in mind that the Treasury condition
is still—notwithstanding the abnormal disbursements
from J uly to September inclusive, and the
small receipts in September,—one of decided
strength, and that the Department started October with
a large balance. The general balance was given Octo­
ber 1 at $119,919,719, or say 120 million dollars, and
that too after deducting over 3 million dollars for addi­
tional checks outstanding, which checks we assume were
for interest due October 1 on registered bonds—that is
to say, the balance was about 120 million dollars after
anticipating nearly two-thirds of the October interest;
and this compares with a corresponding balance on the
first of February, 1894, of $84,082,099, or a difference
in favor of October of about 36 million dollars. As to
the Secretary's cash holdings in banks and sub-treasuries, on October 1 they were ovc r 160 million dollars,
or only about 4£ million dollars less than on Septem­
ber 1, and considerably larger than they were either
on July 1 or August i f
Ho wonder Mr. Carlisle feels
strong enough to clear up all arrearages ; for certainly
the Treasury's present condition is one to inspire confi­
dence, while the prospect of a large surplus revenue
after the first of January shows that the suggestion of
a bond call during the last six months of the fiscal year
forecasts a possible event.
There is one other item which calls for a few words.
We refer to the net gold holdings.
It will be noticed
that.the total on October 1 was $58,875,317, against
$55,216,900 on September 1 and $52,189,500 on
August 8. Since the first of October there has been a
further small addition to this item, the total net reported
onOctober4being$59,457,802. It isaprobable inference
that the gold holdings will fall off somewhat during
the next few days when the interest has all been paid
which fell due the 1st of October. But be that as it may
there is a healthy increase shown to be in progress, ar,d
so long as the Treasury income promises to expand
from month to month and to furnish a large
surplus after the first of January, the Secre­
tary has the means to replenish his stock
whenever he deems it necessary. We have often said
though, and cannot help repeating, that it seems to us
very desirable to add to this gold balance. It could
be easily done if Mr. Carlisle would allow his cur­
rency revenue to accumulate in his vaults for a time.
By this method he could change the character of the
Customs payments, turning a considerable portion
of them into gold.
We think the operation
would at the same time aid in the revival of
confidence and of business. It would do this by
relieving the congestion of the money market, re­
storing to the influence of normal conditions our foreign
exchange rates, and not unlikely end in an import of
gold. That is, the gold would come if we needed it;
and if we do not need it we do not want it.



IV ol. LIX.

Below we; give our usual table of Government cash
holdings on the first of October and on the three
previous monthly dates. These are the figures we have
referred to in the above remarks, except the receipts an d
disbursements which, in the usual form,, will be found in
the Commercial and Miscellaneous Hews department.
,

„ . _ '

,

Holdings in Sub-Treasuries—
Net go ld co in a n d b u llio n ....... .

July.l, ’94. Aug. 1, ’94.
$

$

Sept, i, ’94. Oct 1
j

UCI f 1

.

6,593,893

4,895,465

5,587,162

58,875 317
10,874 3 4
5
30,113893
23,642,53
5
6,01774».

N e t f r a c tio n a l s ilv e r...................... 17,889,531

17,970,261

17,720,835

16,809,713

64,878,025
N e t s ilv e r co in a n d b u llio n ......... 16,730,380

54,975,607
18,971,558

55,216,900
18,077,149

Net U . S. Treasury n o te s ........ 17,722,408

22,528,599
20,421,791

27,598,929
24,840,913

N e t le g al te n d e r n o te s ....... ........... 18,973,645
N e t n a tio n a l b a n k n o te s ................

T o ta l ca sh in S u b -T re a s ’s ,n et.l4 1 ,787,882 139,763,281 149,021,888 145^ 338^.
A m o u n t in n a tio n a l b a n k s . . . . . . . 16,121,589

15,913,725

15,724,648

14,859,909

C a sh in B an k s & Sub-Treas.157,909,471 155,677,006 164.746,536 160,193^69
D e d u c t o th e r liab ilities* net... 40,325,035 36,611,654 37,698,439 40,274,050
A c tu a l ca sh b a la n c e ...... ...117,584,436 119,065,352 127,148,097 119,919,719
* Chiefly “ d isb u rsin g officers’ b a la n c e s .”

THE LOUISVILLE & NASHVILLE.
Considering the conditions which have prevailed se­
curity holders of the Louisville & Hashville have reason to feel well satisfied with the showing which the
company makes in its annual report to June 30, 1894,
issued this week. It hardly seems necessary to repeat
what we have said so many times before in reviewing
the annual reports of other companies, that the year
was one of remarkable and extraordinary depression in
financial, commercial and industrial circles. To be
sure the Louisville & Hashville is a Southern, not a
Western road, and in the South depression began
much earlier than in other parts of the country, ante­
dating considerably the appearance of the panic aid
general trade depression, so that one might suppose
that the effects of this latter event oh the results for
the late year, in contrast with the results for the year
preceding, would be much less marked than in the
case of roads situated elsewhere.
But the falling
off in the Louisville & Hashville's traffic has been fully
as pronounced as for the average of the Western roads,
and a great deal heavier than for the most of them.
Besides, the road being in the South did not have the
advantages from the World's Fair that so many W
est­
ern and Eastern roads had.
We have only to look at the traffic statistics, as now
appearing in the report, to see how great was the con­
traction in the volume of traffic, both passenger and
freight. We find that the number of passengers car­
ried in the late year was only 5,152,130 against 6,217,777 in the year preceding, being a decrease of 1,065,647, or 17-14 per cent. This is a large ratio of decline,
but the falling off in the freight traffic was still heav­
ier, the tonnage moved in 1893-4 having been only
9,433,698 tons, against 12,144,580 tons in 18923,
showing a decrease of 2,710,882 tone, or 22*32 per
cent. A contraction of over 17 per cent in passeDger
traffic and of over 22 per cent in freight traffic is
striking proof of the
way the road suffered
from the general prostration of business. Aid
the falling off was evidently very largely in the local
tonnage, the traffic paying the beet rates, thus
reflecting the great depression of local indus­
tries; this conclusion appears justified by the fact
that the falling off in the traffic, movements has been
relatively smaller than in the volume of traffic, while
the average rates have declined, indicating a larger
proportion of long-haul business and a diminished pro­
portion of short-haul business. Thus while in the
number of passengers carried the decrease as already

OCTOBE® 6,

1894 j

THE

CHRONICLE.

¡stated was 17’14 per cent, the decrease in the number
■carried one mile was only 9*25 per cent, and while the
decrease in the tons of freight moved was 22-32 per
cent the decrease in the number moved one mile was
only 12-32 p n cent. The average rate received per
passenger per mile declined from 2'42 cents to 2*35
cents, and the average rate realized per ton of freight
per mile dropped from 932 thousandths of a cent to
only 889 thousandths. It is a striking commentary on
the low rates at which the carrying interest in the
United States is obliged to move traffic, that even for
a system like the Louisville & Nashville, hiving much
high-class traffic upon which rates are better than upon
the lower classes, the average for the whole traffic (high
class and low class) should be less than 9 mills per ton
mile.
As a consequence of the f illing off in traffic, the
revenues of the road of course underwent very consid­
erable contraction, but it is noteworthy that the in­
come account makes a very gratifying showing notwith­
standing that fact. The company did not earn the
usual dividends, these indeed having been suspended,
but at least the accounts show that a large surplus was
left after meeting the ordinary fixed charges for inter­
est and rentals. In the gross earning3 the decrease
was $3,429,302 (ohe total having declined from $22,403,639 to $18,974,337), but this was met by a reduc­
tion of $2,518,857 in expenses, so that the loss in net
was only $910,445. There was, however, also a loss
in the income from investments, which for 1894 was
only $272,288 against $416,109 for 1893. Altogether
the company had $1,054,266 less income available than
in the preceding year. Nevertheless, afcer meeting the
charges for interest, rentals, taxes, &c., there was left
a balance of over l-§ million dollars ($1,552,490) on the
operations of the twelve months. On the $52,707,820
of capital stock actually outstanding, this is equal to
nearly 3 per cent, which certainly is not a bad result
for such a year as 1893 4. Ia 1892-3 the balance re­
maining for the stock on the operations of the twelve
months was $2,522,552, out of which was paid $2,112,000 in 4 per cent dividends, leaving a surplus of $410,552. Contributions to sinking funds are not taken into
the calculation in either year, these not being treated
as a charge against income by the Louisville & Nash­
ville Company.
With reference to the reduction in expenses the ac­
counts have been in part re-classified, so that it is not
possible to make direct comparisons under the various
general heads. Maintenance of Way and S'.ructur es is
one of the divisions which does not appear to have
been changed, and the aggregate expenditures under
this head in 1894 were $2,044,412, against $2,570,492
in 1893. For Maintenance of Equipment $1,724,072
was spent, and in addition $274,589 of “ deferred re­
newals” have been charged to operating expenses (to be
expended the present year), making the total charge
to operating expenses $1,998,661, which compares with
$2,445,798 allowed for the same purpose in the
year preceding. Speaking of the general reduction
in expenses, Mr. August Belmont, the Chairman of the
Board, says that the pay of officers and of some of the
employees was reduced twenty and ten per cent on Aug­
ust 1, 1893, and the pay of the remainder of the em­
ployees was reduced on S eptember 1, 1893. O utlays for
betterments and additions to the property were sus­
pended, he states, wherever possible, and expenditures
chargeable to operating expenses reduced to a mini­
mum. He also points out that the great re­




581

duction in expenses by which the company has b8ert
able to prevent tremendous losses in net earnings
clearly demonstrates that in the past the property has
been maintained at a high standard of excellence,
otherwise such large savings in expenditures could
not have been possible.
The operations connected with the purchase of the
Chesapeake Ohio & Southwestern are set out at length,
and it is also explained how the managers came to in ­
vest $1,247,440 in the securities of the South Carolina
Railway, and what induced the Board subsequently to
abandon the idea of securing control of that property.
Important changes have been made in the profit and
loss account—changes which redound to the credit of
the management, and at the same time serve to afford
a clearer and more accurate indication of the financial
condition of the company. In brief the amount stand­
ing to the credit of income account, and also
amounts standing to the credit of suspense
accounts, have been transferred to profit and loss, and
against these there has been charged off the sum
invested in the South Carolina Railway securities and
various accounts, notes and advances deemed uncol­
lectible, besides a certain sum for depreciation in the
market value of sundry stocks and bonds held. In all
about 3 f million dollars have been charged off in this
way. Among the advances included in this aggregate
and stricken off were $714,063 due from the South &
North Alabama Railroad, and it is stated that a further
balance of $697,669 for advances to that road will be
treated in like manner hereafter.
The company spent for new equipment and construc­
tion during the year $1,160,714. The funded debt
shows a net increase for the twelve months of $1,801,000, chiefly on account of new construction and
the addition of the Louisville Railway Transfer
bonds. This, however, is independent of the $5,000,000 5 per cent gold obligations issued for the purchase
of the Chesapeake Ohio & Southwestern, the legality of
which purchase is being tested in the courts. The
balance sheet shows that on June 30,1894, the company
had $2,133,216 of bills payable and contracts pay­
able outstanding. We are informed that since the
close of the fiscal year this amount has been reduced
to $1,200,000. Besides the $2,133,216 of bills and con­
tracts payable, there were on June 30, 1894, $2,881,865 of other current liabilities, making the agregate of
che current liabilities $5,015,081. The cash and avail­
able assets at the same date were $4,554,904, this in­
cluding, however, $2,200,000 of Louisville & Nashville
stock at its par value, now held in the company's
treasury. The $5,000,000 of additional stock author­
ized last November has not yet been issued- The com­
pany also holds in its treasury $531,000 of its 10-40
adjustment bonds, $1,999,000 of its unified 4 per cent
bonds, besides a mass of other stocks and bonds.
For the current fiscal year the outlook is for greatly
improved results. The general crop situation is better
in the Seuth than in any other leading section, and at
the same time, according to reports, trade revival is ac­
tively in progress there. The effect should be to greatly
increase the road's traffic. Already considerable im ­
provement has been established. I a July there was a
decrease of $258,306 in gross earnmgs, but an increase
of $3,836 in net earnings; in August, there was an in­
crease in both gross and net—$169,032 in the former
and $111,577 in the net; and now for September we
have an increase in gross of $187,271, the net of course
not yet being known.

;582

THE CHRONICLE,

THE WAR JJVJ THE FAR EAST—FRESH
VICTORIES FOR JA P AH.
The news of the week has been more than usually
interesting in regard to foreign matters. We have had
confirmation of the aggressive attitude assumed by
Prance in relation to Madagascar, and a sort of war
scare as the result between France and Great Britain.
We have been startled by the discovery of disaffection
in the German army, the outbreak of Imperial wrath,
and the consequent arrest of 178 non-commissioned
officers. Wie have had information of the discovery
of a serious conspiracy in Constantinople. And the
condition of the health of the Czar has given birth to
all sorts of wild rumors and speculations.
First importance, however, must still be attached to
the struggle going on in the Far East. The two dis­
tinctive features of the news from the East is that
Japan is pressing on with energy and if possible with
increasing activity in her victorious career, and that
China, evidently aroused to a sense of the impending
danger and the probable capture of her capital city, is
reconstructing her government machinery and prepar­
ing to offer something like effective resistance to the
invader.
If we consider some of the recent items of nev s
transmitted by cable we shall see that the situation is
sufficiently serious so far as China is concerned.
Seldom, indeed, has any great nation been in a worse
plight. It is confidently asserted that the Japanese
have ascended the Yalu and taken two towns, Kiu
Ling Chang and Wi-ja, on the opposite sides of the
river, and thus made themselves masters of both banks.
It ¿is further stated that the main army under the per­
sonal command of Count Yamagata is well on its way
to Moukden. It would scarcely be a surprise, if
at any moment we learned that the Manchurian
capital had been captured ; for instead of meeting an
enemy the Japanese find deserted towns and villages,
ruin and desolation generally. Still more to the north,
at Possiet Bay in the extreme north of Corea, and only
a little to the south of the now famous Russian port of
Vladivostock, the Japanese have landed a large force.
The purpose of the movement has led to considerable
speculation. It would seem at first glance as if the
intention was to strengthen the army now marching on
Moukden with Pekin as its ultimate point. The
ground, however, to be traversed to accomplish such a
purpose is said to be rugged and mountainous, so much
so as to be impassable, especially to the west. But
it is reasonable to take it for granted that the
Japanese are neither ignorant of the character of the
ground nor blind as to their purpose. It is not unfair
therefore to conclude that the Possiet Bay affair has to
do in some way with the army in the north.
Another feature of the situation, illustrative at once
of the strength, activity and success of Japan, is the
control which she has acquired in the Gulf of Pechilli.
The gulf, if the reports received are true, is now com­
pletely under her power. Seventeen ships are said to
be moving out and in the gulf at will, while what re­
mains of the Chinese fleet is undergoing repairs at
Port Arthur. As the distance between that strongs
hold and Wei-Hai-Wei to the South is considerable—
some sixty or seventy miles at the nearest print—the
Japanese, in the absence of Chinese war vessels, are
experiencing no inconvenience from either.
One
highly important result of this control is that the Jap­
anese have landed a powerful army—a despatch to the




fVOL, L1X

London Times making it 30,000 strong, probably an
exaggerated figure— to the north of the Hoang-Ho or
Yellow River, which empties into the Gulf of Pechilli
and which is within ea3y reach of Tien-Tsin, distant,
only some seventy miles from Pekiu. The imme­
diate object of this movement, as can be seen at a
glance, is to intercept the Chinese transports bringingtroops from the South by way of-the Grand Canal. It
is a skilful movement.
In the circumstances it is not wonderful that the
Japanese Government should feel elated, and that
there should be conflicting as well as ridiculous rumors-,
afloat regarding both their immediate and ultimate
intentions. One rumor has it that Japan is bent upon
the partition of China into three separate kingdoms.
If it should turn out that there is any foundation for
this rumor, it would only tend to give afresh illustra­
tion to the old saying that success is sometimes the
surest road to defeat. China is yet far from being at;
the mercy of Japan; but even if she were any attempt
to carry out such a scheme would convulse the world.
A much more sensible report is that which credits
Japan with the intention of increasing her army in
Corea to one hundred thousand 'men, to rid the penin­
sula and keep it free from everything in the shape of
Chinese soldiers and Chinese officials, and to dictate
terms of peace in the city of Pekin, demanding
a large war indemnity and the cession of the Island of
Formosa. There can be no doubt that the Japanese
are really seeking to reach, and if possible to capture,
Pekin, and if we consider what they have already
achieved and the advantages which they have won,,
there is a presumption in their favor. No one, in prejent circumstances, speaking from an intelligent appre­
ciation of the situation, would assert that they had
reached the limit of their success. Even well-informed
Chinamen admit that Pekin is not only in great danger
but much at the mercy of an invading army. Let it
b8 borne in mind that a large body of men are already
well established to the north of the Yellow River, and*
within easy, almost striking, distance of Tien-Tsio. Let
it be remembered that this force has neutralized the
Grand Canal as a channel for Chinese reinforcements..
Let it be borne in mind that while the Japanese on the
coast have nothing to fear from Chinese shipi of war
the Japanese ships have unrestrained freedom, and can
make use of their transports at will. Let all thesepoints be considered, and it will be difficult to resist
the conclusion that the chances at present are largely
on the side of Japan.
It is easy, however, to speak with too much assur­
ance. It is true enough that China is in a sadly demor­
alized condition. It is true that the men in power ia the
navy, in the army, in all the departments of the govern­
ment, have revealed great incompetence. It is true also
that the material of war has been sadly wanting. Tdis has
been conspicuously brought to light, both in the army
and in the navy. It is difficult to accept it as positiverruth that of one hundred and fifty thousand men
assembled at Pekin and charged with the define i of
the city, only seven thousand are effectively armed.
Yet such is the statement made, and, whether
true or not, it accords with the general con­
dition of things.
This situation is aggravated,
too, by the fact tha% according to the neu­
trality laws, no Power can honestly come tothe aid of China. She would gladly purchase ship?;,
she would gladly purchase arms; she would gladly pur­
chase ammunition; but no one dare sell. All this is bad

October

6, 1894.]

TH E

enough—worse in fact is hardly conceivable; and it is
all to be included in the advantages enjoyed by her
Japanese opponent. Yet spite of the fortunate con­
dition and spite of the lamentable and comparatively
helpless situation in which China finds herself, he
would be a bold man who, familiar with the possibili­
ties as well as with the facts, would affirm with cer­
tainty that Japan must finally be the victor. We must
hear in mind that even the capture of Pekin does not
necessarily mean—does not at all mean—the conquest
of the Flowery Empire. The capture of Pekin, looked
at from this point of view might be a misfortune, just
as the capture of Moscow proved the ruin of Napoleon
and of the first French Empire.
It would be quite premature to predict immediate
success for the Japanese invaders. We are not so well
informed as to the state of things in the interior of
China as we are about Japanese affairs. We are told
that the great camp between Tien-Tsin and Taku is in
a state bordering on chaos. But really we do not know
what preparations the Chinese Government has made
to defend the capital. We do not know what resistance
the invaders from the Yellow River may have to en­
counter in their march to the north. We know as lit­
tle what resistance the army moving by way of Moukden, taking it for granted that Moukden falls an easy
prey, may have to experience in its march to the south.
And then we must count upon the possibilities arising
from a vast multitude of defenders.
It is important to bear in mind also in considering
the general question that despair is bringing strong
men to the front in China. The advent to power of
Prince Kung and the accompanying changes, if China
meanwhile can be saved from internal disruption, may
work a radical and salutary revolution. Prince Kung
has loDg been kept in the background by his imperial
nephew, but he has his friends among the nobility and
the people alike. He is a man of experience in public
affairs and is said to have a wide grasp of foreign
questions. He is, moreover, a man of peace.
It was he who negotiated the treaty with
England after the burning of the Summer Palace. If
he finds it to the advantage of China, it is not at all
improbable that he may use his influence to bring
about a suspension of hostilities and pave the way for
an honorable peace. It will be well if this can be done;
for the continuance of the war is a serious hindrance
to trade, and there are even now indications that other
Powers may soon be involved. Great Britain has already
found it necessary to take action for the protection of
her citizens in the treaty ports, and her example will
most likely be followed; i4 it is, where or how the
trouble will end it will be impossible to tell.

■COTTON CONSUMPTION AND OVERLAND
MOVEMENT FOR SEPTEMBER.
We give below our usual statements of overland
movement, receipts, exports, &c., for September, the
opening month of the new crop season.
The amount
brought into sight through the ports, interior towns
and the rail movement in September exhibits a consid­
erable excess over the figures for the corresponding
period of the two preceding years, having been 654,191
bales, against 511,273 bales in 1893 and 522,552 bales
in 1892, but as compared with either 1891 or 1890
there is a marked decrease. Northern spinners have
taken 105,667 bales during the month, or a much
greater amount than in the sane time in 1893 or 1892.




583

CHRONICLE.
O V E R L A N D M O VEM ENT FOR S E P T E M B E R .

The gross movement overland has been 31,908 bales,
against 23,961 bales in 1893 and 32,257 bales in 1892.
The shipments from St. Louis this year have been 16,098 bales, a fair gain over a year ago, and over 50 per2
cent of this September’s gros3. The amount carried via
Cairo shows an appreciable increase over last year, and
the same is true of Louisville and Cincinnati. The net
for the month makes a more favorable comparison with
the previous year than does the gross, the aggregate
net being 21,441 bales, against only 12,865 bales in1893 and 23,946 bales in the previous year.
OVERLAND PROM SEPTEMBER 1 TO OCTOBER 1 .

1894.

1893.

A m ount shipped—
Via St. L ouis................................................
Via C a ir o ......................... ............ ............

16,098
6,112

Via E v a n s v i l l e ....................
Via Louisville ............................................
Via C in cin n ati.............................................
Via o th e r ro u te s..........................................
8hipped to m ills, n o t in clu d ed a b o v e ..

1892.

173
2,545
3,013
3,035
902

13,545
2,877
716
75
1,104
1.807
2,969
868

14.C0&
3,05 L
6,378
138
3 ,876
819
2,862
1,125

T otal gross o v e rla n d ..........................

31,908

23,961

32 ,2 5 7

Deduct shipm ents O verland to New York, Boston, &o....
B etw een in te rio r to w n s .........................
G alveston, in la n d an d local m ills.........
New O rleans, in la n d a n d local m ills...
Mobile, in la n d a n d local m ills................
S avannah, in lan d an d local m U ls.. . . . . .
C harleston, in lan d an d local m ills----N. Carol’a p o rts, in lan d an d local mills.
V irginia p o rts, in la n d a n d local m ills..

4,092
350
605
1,5!; 8
2,154
211
1,182
75
240

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

3 ,4 1 4
339

T o ta l to b e d e d u c te d ..........................

10,4 ^7

11,106

55
770

1,17-Si
844
170
1 ,6 3 9
4=1
695
8,311

21,441
12,865
23,946
L eaving to ta l n e t overland*.............
* This to ta l includes sh ipm ents to C anada, b y rail, w hich since
Septem ber 1 in 1894 am ounted to 1,636 b ales; in 1893 w ere 1,54$
b a its an d in 1892 w ere 1,647 bales.
R E C E IP T S , EX PO R TS A N D S P IN N E R S ’ T A K IN G S .

The net receipts at the ports in Siptember exhibit alarge increase over the corresponding month last year, ’
and the excess is seen to be heavy when contrast is [
made with 1892. The accompanying table discloses
the fact that the increase over last year is shared in by
all the important ports except Norfolk, and thatthe gains are quite marked at Charleston, New Orleans
and Galveston. Foreign exports have been quite free,
and have reached 202,673 bales against 152,275 bales.;
last year and 172,960 bales in 1892.
Movement from Receipts Receipts EXPORTS SINCE S EPT. 1, 1894 TO— Stock*
since
Oct. 1,
Sept, t , 1894, to si/nce
Sept. 1 Sept. 1 Great France. Conti­
lotal.
1894.
Oct. 1,1894.
nent.
1894.
1893. Britain*
h a lv e s t o n ...........
New O rlean s. ..

B ru n sw ick , &c.
C h arlesto n ..........
P o r t R oyal,&c.
W ilm in g to n .......
W a sh in g t’n,&f
N o rfo lk ...............
W e st P o i n t . . . .
N ew p’tN ew s.& c.
New Y o r k ...........

128,307
2,859
124,459
2d,7d7
110,928
4,232
47,583
10,521
2d,273
03
13,789
2,894
38?

B altim o re............
Pfrtladelphia,& c.

1,931
2,101

T o ta l 1894.......

98,531
1,458
70,772
21,730
340
111,830
1.172
2.0,283

4,478

47,359
2,287
76,405
735

0,987

22,530

12,014
2,287
13Ì175
785

350
5,028

12,216
58,752

35*'
5,628
10,519
6,287

19,818.

16,6 3
80
5,149
100

108
89,963
0,0n
5,899
400

7,871
709
100.
78,358
3,000
10,119
4,070-

10,51«
14,946
7
13,973
2,428
733
407
026
2,52)
3,528

509,250

100
22,258
0,011
050
300

1,072
100

73,'74¿
64,100
9,489
87,2431,832
42 609

110,805

28,180

03,638

202,673

403,66iá

T o ta l 1893.......

377,4- 8

72,0t8

20,760

53,427

152,275

441,283:

1KQ2.......

405.H55

122.077

10.S52

40.031

500.574

* G reat B ritain ex p o rts include to th e Channel.

Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which hasreached a market through the outports and overland,
and the Southern consumption, during September thi
year and the two previous years is as follows.

584:

THE CHRONICLE.
1894.

1893.

1892.

R eceipts a t tb e p o rts to Oct. 1 ....... bales.
N et shipm ents o v erland d u rin g sam e tim e

509,250
21,441

377,408
12,865

405,355
23,946

T o tal re c e ip ts............................... bales.
Southern consum ption since S eptem ber 1

530,691
68,000

390.273
65,000

429,301
58,000

598,691

455,273

487,301

T o tal to Oct. 1..............................bales

The amount of cotton marketed during September
in 1894 is thus seen to be 143,418 bales more than in
1893 and 111,890 bales greater than in 1892. To
determine the portion which has gone into the hands o^
Northern spinners during the same period we have
prepared the following:
T o ta l receip ts in S eptem ber, 1894, as a b o v e ..................bales.
5 9 8 ,6 9 1
Stock on b an d com m encem ent of y e a r (Sept. 1 ,1 8 9 4 )—
A t N o rth ern p o r t s ..
.................... 104,8 LO
A t S o u th ern p o rts............. ....................
78,9 2 7 — 181,737
A t N o rth ern in te rio r m a rk e ts.................. ............
3,001 - 186,731
T o tal su p p ly to Oct. 1, 1 9 9 4 . .....................................
785,429
01 th is su p p ly th e re h a s b een ex p o rted
to foreign p o rts since Sept. 1 ,1 8 9 4 . 202,673
Less foreign cotto n in c lu d e d ................
2,138 - 200,535
Sent to C an ad a d irect from W e s t . . . . . . ____ . . . .
1,686
B u rn t N o rth an d S o u th ................... .......................
8
Stock on h an d en d of m o n th (Oct. 1,1 8 9 4 )—
A t N o rth ern p o r t s . . . . ....... ...............
96,147
A t S o u th ern p o r t s ................................. 307,515— 403,662
A t N o rth ern in te rio r m a r k e t s .............................
5,871 - 611,762
T o tal tak in g s b y sp in n ers since Septem ber 1 ,1 8 9 4 ..............
T aken b y S outhern sp in n e rs....... ...................................................

173,667
68,000

T aken b y N o rth ern spinners since S eptem ber 1 ,1 9 9 4 ...........
T aken b y N o rth ern sp in n e rs sam e tim e in 1 8 9 2 ....... ..............

105,65 7
40,438

In c re a se in tak in g s by N o rth ern spinners th is y e a r ...b a le s .

65,229

The above indicates that Northern spinners had up
to October 1 taken 105,667 bales, an increase over
the corresponding period of 1893 of 65,229 bales and
a gain over the same period of 1892 of 19,403 bales.
A M O U N T OF CROP N O W I N S IG H T .

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
total of the crop which was in sight on October 1
compared with previous years, and which is shown in
the following:
1894

T o tal in sig h t..................

1892

598,691
55,500

455,273
56,000

487,301
35,251

654,191

T otal m ark eted , as ab o v e .. ..b ales.
In te rio r sto ck s in excess of S ept. 1.

1893

511,273

522,552

This indicates that the movement during September
of the present year is 142,918 bales more than in 1893
and 131,639 bales in excess of 1892.

IV o l. n x .

T H E D R Y GOODS T R A D E I N

SEPT EM B E R .

Tne month opened with an active demand for most
descriptions of cotton goods, and during the first two
weeks a large business was done with an upward tend­
ency in prices. A number of advances in staples from ^c.
to ic. in brown sheetings to lc. in wide sheetings were
recorded and there was considerable q xiet cutting off
of extra discounts and restoration of open quotations.
Fancy and other prints and staple ginghams were also
occasionally ic . higher.
The last two weeks of the
month have been much quieter, and at the close the
market is dull so far as new busiaess goes, but large
deliveries are being made from mills and warehouses
filling bick orders. Tae tone is steady and gains
previously made are mostly all retained as stocks in the
aggregate are very moderate and many lines are sold
ahead. The majority of the mills at Fd.ll River and
New Bedford have been closed all month. The visible
stock of print cloths is about exhausted, but the price
of extras has nevertheless, after reaching 3c. bid and
refused, receded to 2$c. accepted.
M
1894.
a
a
s Oott’n Print- Sheetm
low
m g in g s,
m id- cloths, standO dling. 64x64 ard.
Q
i..
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..

2-87
6he
6b
61«
6»«
61«

2-87
2*87
2-94
3-00
3-00

67l6
67ie
6b«
6b«
6b«
6b s

3 00
3 00
3-00
3 00
3-00
300

6be
6be
6b
6b
6b

3 00
3-00,
3-00
300
2 94
2-94

6%
6be
6b s
6
5b

2-94
294
2-94
2-94
2 87
2-87

6-00
...S ...
..H ...
6-00
600
600
6-00
6-00

1893.
Lancaster
ginghams.

S ’th’n Oott’n] P rint3-yd.
low
in g
sheet- m id- cloths,
ings. dling. 64x64

Sheetings.
sta n d ard.

7b

2-63
2-75

6b
6b

6b

7»ie
7b«
7b
7»ie
71*18

2 75
2-75
2*75
2-75
2-75

-H.
6b
6b
6b
6b
6b

6b
6b
6b
6b
6b

5b
5b
5b
5b
5b
5b

71be
7**,e
7**16
7*5.6
7*5U
8

2-75
2-75
2-75
2-75
2-75
2-75

6b
6b
6b
6b
6b
6b

6b
6b
6^
6
6
6

5b
5b
5b
5b
5b
5b

7*516
7*3^
713!
7*5,6
7*516
7 7a

2-75
2-s8
300
3 00
3 00
3 00

6
6
6
6
6
6

5b
5b
5b
5b
54
5b

7*3i6
7b
7**16
7b
79,6
7»16

3-00
3 00
3 00
300
2-88
2-88

6b
6b
6b
6b
6b
6b
..S ...
6b
6b
6b
6b
6b
6b

6
6
6
6
6
6

5b
5b
ob
5b
5b
5b

5b

4%

5b
5b
5b
5b
5b

4b
4b
5
5
5

6*00
6-00
6 00
6-00
60 >
6-00

5b
5b
5b
5b
5b
5b

5
5
5
5
5
5

6-00
600
600
600
600
600
...S ...
6 00
6-00
600
600
6-00
600

5b
5b
5b
5b
5b
5b

5
5
5
5
5
5

5b
5b
5b
5b
5b
5b

5
5
5
5
5
5

...8 .

...8 ...

L ancaster
g'ngharm ings.
5b

The above prices a re —F or cotton, Low m iddling up lan d s a t New York,
for p rin tin g cloths, m an u factu re rs’ n e t price*; fo r sta n d a rd sheetings
an d gingham s, agent»’ prices, which are subjeot to an average discount
of 5 per cent; Southern sheetings net.

MA8SACHUSETTS LABOR ST.ATISTIOS.
The following explains itself and calls for no com
Oct. 1 we give below our usual table of weight of bales. ment:
B oston, September 27,1894.
"W give for comparison the figures for the same time
e
E ditor Commercial & Financial Chronicle:
in the two previous years.
W E IG H T

OF B A L E S.

~To furnish a more exact measure of the receipts up to

Sam e
Sam e
perVd in p eri'd it<
1893.
1892.

September, 1894.
N um ber o f
Bale».
T e x a s ................
L ouisiana..........
A la b a m a ..........
G eorgia*............
S outh Carolina.
V irg in ia............
N orth C arolina.
Tennessee, A c..

131,266
124,459
26,767
121,160
58,104
17,066
26,336
93,533

T o ta l..........
593,691
* In cluding F lorida.

Weight in
P ounds.
72,659,669
62,840,594
13,918,340
61,359,059
30,025,823
8,447,670
13,333,917
46,719,733

Average Average Average
Weight. Weight. Weight.
553*53
504-91
520 00
506 43
51676
495*00
506-30
499 50

550-24
49790
520 00
506-75
500 00
481-33
497-33
491-78

548 25
500 00
520 00
509 18
503*67
497*74
509-30
496-48

309,305,305 . 516-64

510-99

516-36

It will be noticed that the movement up to Oct. 1
shows an increase in the average weight as compared
with the same period of the two preceding years, the
average this year being 516*64 lbs. per bale, against
510*99 lbs. per bale for the same time in 1893 and
516*36 lbs. in 1892.




D ear S ir —I have to thank you for a very careful ani ap­
preciative review of the Report on the Annual Statistics of
Manufactures, contained in jfour issue for September 15th.
In that review you criticised certain statements contained in
the report, and as the Report on Unemployment published
since repeats some of these statements, I have thought it*
proper to take this opportunity of writing you in reference to
your criticism.
Beginning with the third paragraph of your review, page
447, you quote at length from the report and then you say:
“The error in Mr. Wadlin’s reasoning is in the assumption
that dropping an average of ten persons from each of the
4,897 establishments from which he has returns would not be
a matter of large moment. On the contrary, it would be a
matter of very great moment.” This is exactly what I in­
tended to show. I did not mean to assumb or to say that the
discharge of ten persons from this number of establishments
would not be of importance, but the exact opposite. I said
that “even the discharge of ten persons from establishments
of the capacity of those which enter into these returns (that is,
from the larger establishments in each industry) would not be
thought a large reduction”; but I pointed out that, on the con«

Oc to b er

6, 1894.1

THE

trary, it would mean 43,970 persons out of employment. This
is just what you have done, implying that I overlooked it.
You also oiticise my statement that “ a very slight indusdustrial depression, if felt throughout the country, would
quickly result in the unemployment of possibly 1,000,000 per­
sons,” and that if such a number of persons were out of em­
ployment at any one time it “ would not be indicative of an
industrial condition either abnormal or particularly severe if
the unemployment was uniformly distributed over the whole
number of establishments. ” In your criticism you s sy : “ We
should say that a million men out of employment would be
indicative of the deepest kind of depression.” Without min­
imizing the effect of such a depression, if long-continued, I do
not think that the mere fact that this number were unemployed,
taken by itself, would be evidence of the deepest kind of de­
pression. It would only become so if the idleness were kmgcontinued and affected continuously the same individual?. I
suppose it to be the fact, which indeed is abundantly sup_
ported by statistics, that if the entire United States be consid.
ered 1 at any particular time,” a large number of persons are
out of employment, this unemployment being due to various
causes—temporary stoppages for repairs, vacation seasons,
sickness, «fee.; but the idleness of particular individuals is
usually of brief duration and the same persons are not con­
tinuously unemployed. This fact was in mind when I wrote
the paragraph you have criticised. My main purpose, which
it seems to me is sufficiently indicated by the context, was to
show that a comparatively slight reduc ion in the working
force per eslablishment—in other words, “ a very slight de­
pression’’—would, as I have said, “ quickly result in the un­
employment of possibly 1,000,000 persons.”
The concluding paragraph of your criticism (last paragraph
on page 447) begins as follows : “ Another error . . . .
is in the sta'ement that the percentage of unemployment in
1893 rose to 33*65 per cent. Oa a correct basis of comparison
the actual percentage of unemployment was not nearly as
large as this.” After saying that it was not as large, you
point out that I have also shown that this percentage alone
cannot be used as a measure of actual unemployment. It is
nevertheless true that at one period of the year 1893, all in­
dustries being considered, the percentage of unemployment
rose to 35*63, and this must mean that, at that particular
time, as I have said, when “ all industries are considered,
one-third of the whole number on the rolls at the time of the
employment of the greatest number were unemployed.” The
duration of this unemployment, it is true, cannot be shown
from this percentage alone, nor have I attempted to show it,
and my only deduction was that if such a condition exists
“ over the whole country, the aggregate number unem­
ployed (of course at that particular time) must inevitably
be very large.” Is not that obviously true ? The percentages
of unemployment, measured month by month during the
year, in the different industries, and for all industries, are
shown in the report. They are also shown in the Report on
Unemployment for a series of years, by which the unusual
depression prevailing in the year 1893 plainly appears. Of
course, as you remark, it does not necessarily follow that
persons unemployed in any particular industry may not have
found work in some other industry, nor have I ever attempted
to draw this deduction. Indeed, our reports have frequently
pointed out the possibility of such a transfer of employment;
but this does not affect the amount of unemployment in any
particular industry (considered in the abstract), and after all
the transfer of unemployed persons from on6 industry to
another is not very great for obvious reasons—for instance,
lack of technical skill, inability to change location on the part
of the worker, «fee., to say nothing of the well-known fact
that, in general, times of serious depression are not confined
to one industry alone. For a statistical confirmation of this,
see the statement on page 130 in the Report on Unemploy­
ment, the last paragraph. The figures here alluded to, it
should be borne in mind, were derived from a house-to-house
canvass, carefully taken, and covering every person in the
Commonwealth. Here, in an aggregate of 341,589 persons
unemployed for a longer or shorter time during a period of
twelve months, only 10,758 were shown to be employed in
occupations other than the one usually followed during the
time they were unemployed at their usual occupation.
To conclude, it seems to me that, except as to my state­
ment concerning a possible 1,000,000 persons out of employment, you have repeated in your criticism what I had my­




685

CHROM 1CLE.

self intended to show in the report. As to the unemployed
million, I repeat that a very slight industrial depression
would result in the unemployment of that number, but I be­
lieve a depression would only become abnormal or particu­
larly severe if long-continued.
I have written thus fully, “ not for publication, but as an
evidence of good faith.” You will not, I am sure, misunder­
stand my purpose. I do not write in controversy and I ap­
preciate the careful and intelligent manner in which your
paper always deals with our reports. I agree entirely with
your statement that as much care is necessary in the use of
statistics as in their preparation. This care I have always en­
deavored to use and have sometimes qualified my statements,
even to the extent of continuously repeating remarks that
seemed perfectly obvious, in order to prevent misconception
of the tables. There is nothing so common as an unwarrant­
able and unintelligent use of statistics, and I think you will
agree with me that this Bureau has always sought, and with
more or less success, to prevent this. I regret that, even as
to the paragraphs you have criticised, any misa prehension
should arise.
Yours, respectfully,
H o ra .c e G . W

F a il u r e s

fo r

T h ir d Qu a r t e r

and

a d l in ,

S in c e J

C h ie f.

anuary

1 .—

The following figures, prepared by Messrs. R. G. Dun Sc Co.,
show the number of failures in the United States and Canada
during the quarter ending September 30, 1894, and the nine
months. For purposes of comparison like figures for the cor­
responding period of the preceding year are given :
,-------- 1894.---------.----- —1893.-------- ,
No. o f A m o u n t o f No. o f A m o u n t of
Third Quarter.
Failures. Liabilities. Failures. L iabilities.
New E ngland S ta te s................. 348
$4,263,045
382 $3,518,382
11,314,066 1,047 25,111,519
M iddle S ta te s ............................. 789
S outhern S ta te s ......................... 387
2,116,713
722
7,086,966
S o u th w este rn S ta te s................ 161
831,883 * 320
4,423,271
C e n tral S ta te s .................
513
5,329,414
820 28,460,105
333
2,910,029
550
9,590,526
W estern S t a t e s ...............
Pacific S tates an d T errito ries. 287
1,846,046
174
4,279,052
A ggregate U nited S ta te s ,. 2,868

$29,411,196 4,015 $82,469,821

,----------1894.----------, t--------- 1893.— — .
—
No. o f
A m o u n t o f No. o f
Am ount o f
Nine Months.
Failures. L ia b ilities. Failures. L iabilities.
Ne w E n g la n d S ta te s........... ..1 ,2 3 2
$18,751,733 1,065 $15,278, 66
M iddle S ta te s......................... 2,678
45,404,614 2,430
76,6.83,673
23,227,540 1,939
28,672,096
S outhern S t a t e s ..................... 1,768
S outhw estern S ta te s ............. 579
5,238,552
836
13,267,863
C entral S tate«. ....................1 ,5 6 9
17,472,943 1,936
65,862,370
12,155,456 1,327
41,076,645
W estern S ta te s ...................... .1,055
Pacific S tates an d T e rrito r’s. 1,026
8,893,964
865
10,492,852
A ggregate U n ited S tates.9 ,907 $131,144,802 10,398 $251,334,265

We take the following remarks on the above figures from
Dun’s Review :
“The statement for the quarter shows a most gratifying de­
crease in comparison with the same quarter of last year. The
improvement has been so great in every part of the country
that detailed comment would hardly be profitable but for the
fact that, although small in comparison with the correspond­
ing quarter of last year, the failures for the third quarter of
1894 nevertheless indicate larger disasters than occur in ordi­
nary years of prosperity. This is in part because the effects
of last year’s prostration have not entirely passed, but much
more because the industries and commerce of the country
have been embarrassed during nearly the whole of the past
quarter by uncertainty in regard to national legislation. As
it is impossible to determine what proportion of the financial
embarrassments has been due to either cause, it is sufficient
to say that the country appears to he steadily recovering, as
respects its failures, from the disasters of the past.
Clearings by Telegraph. — Stock Exchange and
Other Transactions.—The subjoined statement covers the
clearings for the current week, usually given on the first
page of the C h r o n i c l e , but which 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 w ill be
osberved that as compared with the corresponding week of 1893
there is an increase in the aggregate of 11*0 per cent.
So far as the individual cities are concerned New York
exhibits an excess of 14*1 per cent, and the gains at other
poiots are: Boston, 6*8; Philadelphia, 21*6 per cent; Baltimore

THE

586

CHRONICLE.

fV0L. LIX,

C a
in in g
V a io u
3'2; Chicago, 2*8, and New Orleans, 4 2. St. Louis records a Col. o0. lA& . M evel__. H igh. Low. •K eelv Mrotor s. .. . . . .
9>a
9%
I D
24
26
Col. F u el & Iro n .......
L aclede Gas, 8t.
loss of 15T per cent as a result of the holiday onThursday.
We-Tc Ending October 6.

Cl e a r i n g s .

Returns by Telegrayh.

1894.

Per Cent.

1893.

i f e w Y o r k ........................ - ........ .
B o s t o n ........... —. . . ....................
P h ila d e lp h i a ............. ..................
B a l t i m o r e ........................
■Chicago ......................................
f it . L o u is .....................................
2 f e w O rle a n s ..............................

$493,241,785
82,146,038
63,905,603
10,968,882
78,950,995
16,903,238
6,327,383

$ 4 3 2,28 3 ,4 0 0
76,89 2 ,3 1 2
52,53 5 ,4 4 5
10,626,792
76,836,001
19,92 1 ,7 1 6
6,07 0 ,1 5 5

' ;H 4 -1
+ 6-8
+ 21-6
+ 3-2
+ 2-8
—15-1
+ 4-2

S e v e n c i'ie s , 5 d a y s .........
O t h e r c itie s , 5 d a y s . . . . ------

$ 7 5 2 ,440,924
144,873,297

$675,16 5 ,8 2 1
1 2 5 ,91 7 ,2 0 8

:- f l l - 4
+ 1 5 -1

T o ta l a ll c itie s , 5 d a y s ___
A11 c itie s , 1 d a y ..........................

$897,323,221
166,004,923

$80 1 ,0 8 3 ,0 2 9
156,86 3 ,1 3 4

+ 12-0
5*8

T o ta 1 a ll c itie s fo r w e e k ..

$1,063,328,144

$ 9 5 7 ,94 6 ,1 6 3

+ ir o

Another table, our usual monthly detailed statement of
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
purposes of comparison the figures for the corresponding
period of 1893 are also presented.
Actual
Value.

S ; Val. $3594342420
totífc . Sb’o 36/80,154

KR. bonds., $253.387.250
a o v ’t bonds $3.333 900
S ta te bonds. $7,098 000
$460 885
B ank stocks

Aver'ge Par Value
Price. or Quantity

12260872361, 63-0
$182,406,050 72 3
$4 057,244 121-7
$ 3 ,> 4 /9 3 45-0
$803 5 j7 174-3

Actual
Value.

64 306,403
$5949.029,555 ( 3672108977 61’8
$3'0,790,700 $199,743.523 73‘8
$1.637,750
$1,793,711 110 2
$1,382.300
$967,458 70 0
1612.445
156 0
$955,356 j

G ra in .b u s h . 1,1.4,131312 $689,919,0.-2 60 l-3 s . 1.033,977,012 $784,866,6^1
!$3,951832505^

_____

31%
76
39%
88%
91%
90
97
107
14
2%
67%
1-30
119
8%
101
106
33

34%
79%
46
106%
99
92%
104%
109%'
14
2%
75%
1-30
120
19%
103%
108
42

P re f . . . .............. JfE
*L. I. T ra c tio n ... " "
*Metro. T ra c tio n ..."
Mioti. P enin. Car, p£
•N ational Lead C o ...
* P ref......................
N ational L in seed ...’."
N ational S tarch . . . . .
I t p re f...................*
2d p re f ...................
N o rth A m erican Co.I
Oregon finproy’t Co.
Pacific M ail................
P ro c te r & Gam ble.pf
P u llm an P alace Car.
Tex. Pae. L an d T rust
T hird Ave. (C able)..
U. S C o r d a g e ........
P re f ......... ................
*U. S. L eath er............
' P r e f ........................
U. 8. R ubber Co.........
P re f ...........................
W estern TTnion T el..
•W est’ll U nion B eef.

18% 19%

72

74

116

116

15 %
55

55

38% 44%
«7

89%

14

16%

49
33%
4%

49
33%
5%

10% io%
16-4 18%
14% 16
132
132
15 8 % 162%

10

10

1 9 7 % 187%
12% 19%
2 4 7g 33
10
11%
59 % 6 3 78
3 9 % 40%
94
95
87%. 92%
3%
3%

RANGE OF GOVERNMENT BONDS IN SEPTEMBER.

A ie
Pn e

T o t a l... $3857622455 $2,451334087 63*5 $6213 443,250 $3,875569025 62 4
$419,907 83 l-5c.
5 0 /0 0 0
7,648,000
14,733,35"' 62 .
P e t’l’m.bblg
0,209,429 *37-3 !
34,545 3)0 $1460872735 $4255
C o tto n . bis. 21.697 700 ** ■
T o ta l valu«!

70
70
7%
7%
39
39
50
50
73s
73$
300 300
14
14
18
20%

The range of Government bonds sold at the Stock Exchange
in September was as follows :

Nine Months, 1893.

itine Months, 1894.
Description. Par Valut
or Quantify

P r e f . ........................
Ool. A Hock. C. A I . .
M aryland Coal, pref.
M innesota I r o n .........
O ntario S ilver .......
P ennsylvania C oal..
Q uicksilver, p r e f ....
le n n . Coal A I r o n .. . .
V a rio n s .
Am. Cotton Oil Co.. . .
P r e f ...........................
Amer. D ist. Tel’g h ...
'A m . S ugar Relin.Co.
•P re f.........................
Amer. Tel. A C ab le...
•Amer. Tobacco C o..
P ref .........................
•B rooklyn T raction..
B runsw ick C o.............
Chicago G as Comp’y.
D ividend sc-ip. . . .
Consolidated G as Co.
Dis. A Cat. Feed. Co.
E iison Elec. 111. Oo .
Ed. E l. II. Co., B ’klyn
G eneral E le ctric.......
* TJulisted.

72^
c>

'$6,135044798

REVIEW OF PRICES I N SEPTEMBER—
STOCKS, GOVERNMENT BONDS AND
FOREIGN EXCHANGE.

4*,
2s
5 8,
4*9
1907,
1901,
ext.
1907,
coup.
reg.
reo.
reo.
Opening.. *97
114
*118%
} 15
H ig h e s t.. *97
114
115
*119%
114
115
*118%
L o w est... *96
(H osing... *96
114
115
*119
* P rices bid—no sales d u rin g th e m onth.

5s,
1904,
cono.
119
119%
119
119%

6s,
C/99,
reg.
*113
V 3%
U
*113
*113

6«.

c.’S 5,

reg.
*101

H01

*101
*101

The following, highest and lowest prices are from actual
sales at the New York Stock Exchange:
RANGE OF STATE BONDS IN SEPTEMBER.

L ow High. I
A labam a Class “ A ” . 10 2 14 103 | Tenn. new settle. 3s.
Cla<=8 “ B ” . . . ......... 104 104 I Do sm a ll............
Louisi’n a n ew c o n .4 s.
96
96 I V a.fd.debt, 2-38,1991
N .C .sp.tax W.N.C.RR.
3%
3% I 6s dei. tr . reo st’d.

Low. High,

7J% 7878

77

58
8

77
5 8 7a

8%

The daily posted rates for 60 days and demand sterling
exchange in September are given below, it being understood
The following table shows the highest and lowest that bankers’ actual rates are usually a fraction below the
prices posted.

prices of railway and miscellaneous stocks at the
Y.
Stock Exchange during the month of September, 1894.

Sept.

RAILROAD AND MISCELLANEOUS STOCKS.

R a ilr o a d s .
A tohison jo p .& S .F e.
A tlan tic & P acific,...
B altim ore & O h io ....
Bercfio lot. ceitifs.
B , & O. 8. W., p r e f ...
B rilev . A So. HI., pf..
Buff. Eoch. A P itts b .
Canadian P acific.. . . .
Canada S outhern_ _
_
C e n tralo i N. J e rs e y ..
C entral Pacific...........
Chesai e a ’ e A O hio..
Chicago A A ito n .......
Chic. Burl. & Q uincv.
Chic. A Eai-t. Illinois
P r e f .........................
Chic. MiL A St. P a u l.
P re f ..........................
Cliic. & N o rth w e st...
P re f ........... .............
Chic. A Rock Isla n d ..
Chic. St P .M in n .& O .
P r e f . . . ..................
C) Cin. Cbie. & St. L.
P >ef..........................
C leve.’d & P ittcb ’g ..
C o tH o c k .V al. A T ol.
P r t f . . . ......................
D elaw are & H udson.
Dei. Lack. & W estern
Den. A Rio G ran d e...
P re f...........................
E a s t Tenn., all p aid ..
1 st p ref , all p a id ..
2d p re f., all p a id ...
E vansv. A T erre H ..
F lin t A P . M aiq.. p f.
G reat N oith’n, p re f..
O’ . B. W .& St.P.tr.rec.
t
Hous. & T exas C ent.
Illinois C en tral..........
Least d lines............
Io w a C en tral......... .
P re f ...........................
K an aw h a & M ich_
_
L ak e E rie & W est’n ..
P r e f . . .......................
L ak e Shore.............. .
Long Isla n d ................
Louisville & N a sh v ..
L.N . A lb.& C.ntw stk.
P re f ...........................
M a n h attan co n so l....
M exican C e n tra l.....
M ichigan C en tral___
M inn. & St. L. tr.reets.
ls ta s s e s m ’t p a id ..
P re f. tru s t receipts
1 st asstssm ’t p d .
flfn. K an. A T e x a s ...
P re f ........... ............
M issouri P a c if ic ......
M obile A Ohio......... .




Low. H igh.
6
8%
1%
158
76
78%
9% i t
10% 1
135 136
20
20%
65% 67%
51% 53%
1 U % 115%
15
lg*B
1938 21%
141 141
72 34 78%
55
55
96% 9 7 %
6378 67%
122 123%
102% 107
141% 143
603s 66%
3 % 38%
113% 114
39
41%
84% 85
153% 153%
18% 19%
65
65
134 1S7
168 174
11% 11%
33% 36%
11% 12%
19*% 19%
1334 14%
45
45
40
40%
101% 101%
4%
5
2%
2%
94% 95%
86
35
7 38
9%
32
33
83
4
8%
17
19%
72
74
134% 137
87
88
54% 573s
7^8
9%
22% 28
113% 120%
8%
8%
97% 98%
2
5%
32% 14
16
20%
26% 30
1A% 15%
22% 24%
26% 30%
19 \ 21

I

R a ilro a d s .
Low.
Morris & E s s e x ....... 15?»%
Nash. Obatr. & St. L .
70
S . Y. Cent. & Hud. R .
T
99
S. Y. Chic. & St. Louis
14%
1st pref.....................
65
2d p re f.....................
27
N. Y. Lack. & West’n 113%
V. Y. Lake E rie & W.
14%
P r e f ..........................
29
N. V. & N. E. tr . rec.
12%
3d in stalm en t pai 1. 263s
31
a ll ir s ta lm ’ts paid.
N. Y. N. H. A H ......... 179
N. Y. Ont. A W e s t....
10%
N. Y. Susq. & W., new
163g
P ref. n e w ___. . . . . .
43
Norfolk A S outhern.
65
Norf. Ik & W estern...
7%
P re f...........................
24%
N orthern Pacific.......
4%
P re f...........................
17%
Ohio S> u th e rn ...........
15%
Oreg. Ry. & N av .......
22
Oreg. Sh. L. & U. N ..
7
Peo. Deo. & E v a n sv .
3%
Phila. A R ead............
17%
P . C. C. & St. L ...........
18
P r e f ..........................
49
P itts. Et. W. & Chic.. 152
P. McK. A Y o u g h .... 128%
P ittsb . & West, pref..
26
Renssel. A S aratoga. 181
Richm ond T erm n ai—
5 th assess’m t p aid .
18
P r e f , tr u s t receipts
23
Rome W ater & Ogd... 1*5
St. L. A. & T. H .........
33
St. Louis S o u th w est..
4%
P re f..........................
8%
St. T aul & D u lu th ...
22
P re f ...........................
86
St. P aul Minn. A M an. 104%
S outhern Pacific C o..
2038
•So. Ry., w hen issued
1338
*Piei, w hen issued.
41%
•T exas C e n tr a l.........
13
T exas & Pacific.........
9%
Tol. A nn A. A No. M.
5%
Toledo & Ohio C ent..
36%
Union P acific.............
12%
Union Pa c D. A G ...
U. N. J . ER. & Canal 230
W abash........................
P re f...........................
14%
123g
Wheel. <fe L. E r i e ___
P re f...........................
4 4%
W isconsin C e n tia l...
4%
E x p re s s«
A dam s___•...................
A m erican............... .
United S ta te s.............
Wells, F arg o A Co.. . .

BANKERS’ STERLING EXCHANGE (POSTED RATES) FOB SEPT., 1894.

146
110
49
116

High.
ICO
70
101%
16
65
23
115
16%
31
12%
28%
333s
ISO
17%
17%
48
65
9%
26%
6
22%
24
9
5
22%
21%
54
153
128%
27
181
19%
25
117
33
5%
103s
26
93
104%
213a
14%
45%
25
10%
9%
14%
5%
230
8
173g
l-a58
46%
150
H 4%

54
122

60
days.,

De­
m and.

1 ...
2 ...
3 ...
4 ...
5 ...
6 ...
7 ....
8 ...
9 ...
10 . . .
11 . ..
12 ..

4 86-7
.......... S
.........H.
35%-6%
4 85%-0
4 85-6
4 85%-6
4 85%-6
.......... S.
4 85%-6
4 85 %-6
4 85 %6

4 87%-8
___
.............
4 87-%
4 87
4 86%-7
4 87
4 87
4 87
4 87
4 87

Sept

60
days.

1 3 ...
1 4 ...
1 5 ...
1 6 ...
1 7 ...
1 8 ...
1 9 ..
2 0 ..
2 1 ...
2 2 ...
2 3 ...
J-24...

4 85%-6
85%-6%
4 86-%
.......... s.
4 86-%
4 86-%
.
85%-6%
.
85%-6%
85%-S%
85%-6%
.......... S.
4 86-%

De­
m and.
4 87
4 87-%
4 87-%

Sept.

60
days.

De­
mand.

2 5 ....
2 6 ....
2 7 ....
_
28_
2 9 ....
3 0 ....

4 86-%
4 86-%
4 86-%
4 86-%
4 86-%
.........8.

4 87-%
4 87-%
4 87-%
4 87-%
4 87-%

4 87-%’
4 87-%
4 87-%
4 87-%
4 87-% O pen. 4 86-7
4 87-% High.. 4 87
4 85
4 87-% L a st.. 4 86-%

4 87%-8
4 88
4 86%
4 87-%

[F rom o u r ow n correspondent.]
L o n d o n , Sept. 23, 1894.
A pretly strong demand for gold for the Continent has
sprung up this week. For a couple of weeks past Germany
has been buying all the bar gold offered in the market. This
week she continues to do so, and both Austria-Hungary and
Ron mania are also buying; indeed Roumania has withdrawn
gold from the Bank of England. Many bankers welcome
this demand. They complain that it is impossible for them
to employ their surplus funds; that even though they lend for
a week or a fortnight at the rate of ^ Per cent per annum,
it is impossible for them to lend all they have at their dis­
posal, and they contend that a foreign demand is sal;
utary, as it w ill reduce this extraordinary plethora.
The demand, however, is mainly due to the desire
of Austria and Hungary to push on the reform of
their currency; and so far as Germany and Rouma­
nia are concerned it is a mere autumnal demand
which will not last very long. On the other hand, the pro­
duction Doth in South Africa and in Australia is growing
every day. The August out-turn in South Africa was the
largest of any month, and now it is reported that extraordin­
ary discoveries of gold have been made in Western Australia.
It is quite possible that the reports are grossly exaggerated ;
but the Australian banks which have lately opened branches
in this new gold field report that there is no doubt at all that
the district is unusually rich. In all probability then the
output of gold in Australia is likely to be very largely in­
creased in the immediate future.

Oc t o b e r

6, 1894 J

THE CHRONICLE.

The price of silver is declining. The supply from the Uni­
chiefly, though not large, is in excess of the demand.
India has ceased buying, and there is exceedingly little de­
mand for either China or Japan. The great victory of the
Japanese over the Chinese reported this week has helped to
dam the market. If it be really true that 14,000 Chinese
p
have been made prisoners and that practically Japan is mis­
tress of Corea, it is thought possible that China may give in.
If she does, then the hopes of a great Chinese demand for
silver are nipped in the bud. With the decline in silver there
has also been a decline in the Indian exchanges. Trade is ex­
ceedingly bad in India and money is unusually cheap.
The Messrs. Rothschild, it is understood, have offered to
undertake the sales of copper in England if the negotiations
about to begin immediately for the restriction of the output
result satisfactorily. Next week the representatives of the
chief American mines are expected in London.
As was to be expected k
from the previous success of the
Indian Government in converting their four per cent rupee
debt into three and a-half per cents, the compulsory conver­
sion of all the outstanding four per Cents has been announced
this week, and the option to convert must be exercised not
later than the 3d of October.
There has been much more selling than buying upon the
Stock Exchange this week, and prices generally have given
way. There is no real change of opinion, but as people are
returning to the city from holiday making they find that a
very considerable rise has taken place in every department,
and large numbers are tempted by that to realize profits. Be­
sides, the weakness on the New York Stock Exchange has
impressed operators here. But it is hardly likely that there
will be very much fall. It is quite true that up to the present
the general public has been absent from markets. There has
been a fair amount of investment but nothing exceptional,
and in all speculative departments the public has kept aloof.
But the holiday season is now practically over, and probably
there will be a considerable increase of activity before very
long. Above all, the abundance and cheapness of money make
it exceedingly unlikely that there will be much fall. Every­
one believes that the peace of Europe will be m .intained. In
spite of the crushing defeat of the Chinese it is not thought
likely that Russia will interfere. For one thing, her railway
communication is not yet completed, and for another the Czar
is known to be intent upon peace. Our own country will cer­
tainly not interfere unless compelled to do so. And the
United States is equally unlikely to mix itself up in the mat­
ter. Therefore, everybody believes that peace is assured; and
if that be so, with money so cheap as it is at present it seems
very improbable that there w ill be any great decline. On the
contrary, the general belief in London is that although the
speculation of the past few weeks was carried too fast and too
far, yet no great harm has been done; that the present re-ac­
tion will clear out the weaker “ bulls,” and that the market will
becom much sounder in a very short time; that next month,
e
the city beiDg fully attended, there will be an increase of
business, and that especially a large number of new loans and
companies will be brought out.
Upon the Continent there has been a pause in speculation
just as here. But beneath all there is a confident feeling that
money will continue cheap, that trade is improving, that peace
will be preserved, and that therefore we are on the eve of more
prosperous times than for several years past. In Paris several
operations are being prepared. In Germany trade has im­
proved under the influence of the commercial treaty with
Russia, and there are hopes that the war between China and
Japanwill compel China to give large orders, not only for war
material but also for other manufactures of iron and steel, to
Germ houses. In South America there are signs of slow
an
improvement. Agriculturalists are doing fairly well in the
Argentine Republic, and the Brazilian exchange is steadily
rising, This is taken as a proof that political apprehensions
are quieting down and that every one now expects that the
elected President w ill be quietly installed in office when the
time comes.
■e
j^
of the New South Wales 33^ per cent loan for
«2,000 to convert maturing 5 per cents has been a great sueC's’ the loan having been subscribed for more than five times
e
0ver; and
average price of £101 14s. 8d. is only
per cent less than in 1888 and 1889, when Australian credit
C
0B8idered by the general public as beyond suspicion.
ter the banking crisis of last year and the utter collapse of
ted States




587 1

the land speculation, it is surprising that there should be such
eagerness to obtain a colonial security.
The following return shows the position of the Bank o f
England, the Bank rate of discount, the price of consols, «fee.,
compared with the last three years:
1894.

C irc u la tio n .............. ... ......................
P u b lic d ep o sits .. .................... v..
O th e r d e p o s i t s ..............................
G o v e rn m e n t s e c u r i t i e s ...............
O th e r s e c u r itie s .............................
R e s e rv e o f n o te s a n d c o in ..........
C oin & b u llio n , b o th d e p a rim ’rs
P ro p , re s e rv e to lia b ilitie s , .p. c.
B a n k r a te ............ .......... p e r c e n t.
C onsols, 2% p e r c e n t . . . ............ .,
S i l v e r ............................... ................
C learin g -H o u se r e t u r n s ...........

1892.

Sept. 19.

Sept. 21.
£

1S93
Sept. 20.
£
a.
25,257,935 25,495,5 A
5
4,421,875
4,108,198
39,441,979 29,789,089
11,333,137
9,589,311
19,743,669 24,485,357
81,115,393 18,330,651
39,573,327 27,376,216
70 11-16
53 13-16
2
3% (Sep. 21)
10354
97?4
*29 5-13d.
31d.
121,540,000 121,713,000

1891..

Sept. 23.

£
26,495 135 25,397.00 ft
4,387,860
5,187,35®
31,539,686 81.107,210
11,761 158 10.163,65 &
21.763,000 27„«60,44ii‘
17,833 731
16,758,53 4.
27,938879 26,605,534
49%
45%
2
3 (Sep. 24
97 3-16
941L-16 %
38>f3.
45% d.
125,158,000 109,031,00 &

* S e p te m b e r 20.

The following shows the imports of cereal produce into the
United Kingdom during the first three weeks of the new season ?
compared with previous seasons:
IMPORTS.

1894.
Im ports of w h eat.o w t. 4 ,/3 2 ,0 1 5
B a rley .......................... 1,733.909
O ats............................
969.054
82,333
P e a s....... . ...................
314,627
B e a n s ............
Indian c o r n .............. 1,388,489
F lo u r ............................ 1,138.437

1893.
4,652,234
1,333,620
945,319
106,451
403,670
1,949,335
1,561,713

1«92.
4.739,662
1,146,021
1,001,063
129,855
495,222
2,855,158
1,175,107

1891.
4 ,544,89 2
1,143,438
1,052.*23
5 2 ,17 6
203,075
970,334,
824,42®

Supplies available for consumption (exclusive of stocks on
September 1):
1894.
V V heat...... . . . . . o w t . 4,732,015
rm p o rts o f f l o u r ...... 1,133,437
Sales of hom e-grow n.
788,237

1893.
4,652,234
1,561,713
1,501,336

1892.
4,734,662
1,175,107
1,098,703

1891.
4,544.89 2
82 4 ,4 2 8
7 9 0 ,6 9 0

T o t a l . . . . . . . . . . . . . 6,658,639
1894.
kver. price w h eat w eeh.20s. 5d,
A verage p rice, s e a s o n ..2 Is. 6d.

7,715,283
1893.
26«. 04.
25s. 8d.

7,013.472
1892.
29s. Id .
29s. 21.

6 ,1 6 0 ,0 1 0
1891.
3 6 '. 5 d .
39s. 9 d .

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
T his week.
L a ri week.
W heat....... .q r s . 2,001,000 2,233,000
Flour, e q u a l to q r s .
364,000
339,000
M a i z e ............q r s .
312,000
231,000

1893.
2,550,000
318,000
331,000

1892
1 ,6 5 6 ,0 0 0
322,00 0
4 4 5 ,0 0 0

E n g l i s h . F i n a n c i a l m a r k e t s —P e r G a b l e .

The daily closing quotations for securities, «fee., at London
are reported by cable as follows for the.week ending Oct. 5 :
L ondon.

Sat

Silver, p er o z ......... .......
Conaols, new , 2% p. cts.
F o r a c c o u n t..................
F r ’ch re n te s (in P aris)fr.
U. 8. 4s o n 9 0 7 . . . . . . . . .
C anadian P acific........... .
Chic. Miiw. & 8t. P a u l..
Illinois C e n tr a l...............
L ake S hore........... ...........
L ouisville & N a s h v ille ..
M exican C entral 4 s .......
N. Y. C entral & H udson
N. Y. Lake E rie & West.
2d consols......................
N oifolk & W est’n, p re f.
N o rth ern Pacific, p r e f..
P e n n s y lv a n ia ___. . . . . . .
Phil. & Read., p er sh are
Union Pacific..........
Wabash, p ref....... .

2931R
101ia1fi
10113,,
02-52»«

Mon.

29316 29316 28»516
m m e 101% U l%
101’ »,g I0 l» 3 1fi 101%
102-40 102-15 01-92%

67»«
64%
96
139
58
60%
103%
15»«
77%

95%
138%
57%
60
103%
15 »4
77

67%
63%
95%
138%
57%
59%
103%
15
77

66%
63
95^
138
56%
59
102%
14%
76 %

19
53%
9%
13%
15

19
53%
9
13
14%

13%
53%
9
1. %
14%

18%
53%
t>%
12
14%

67 3s

Tues.

Wed.

T hurs.

F rï.

29
29%
101% 1019lfl
101% 1019,6
102-35 01-87%
66%
63%
95%
138%
55%
59
103%
14 %
76%
lt%
03%
9
11%
14%

67
63%
95%
138%
55%
59
103%
15%,
76%
19%
53%
9%i
12%
14%

Πa n x n x e rc ia la ix tl iX X is c c lla u c c n is Q z x o &

Changes in L egal Tenders and N ational B ank N otes to
October 1.—The Comptroller of the Currency has furnished

us the following, showing the amounts of national bank n otés
Sept. 1, together with the amounts outstanding October 1»
and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bairk
notes up to October 1.
N ational B a n k Notes—
A m ount o u tstan d in g S ep tem b er 1 ,1 8 9 4 ....
A m ount issued d uring S e p te m b e r...................
A m ount re tire d d a rin g S e p te m b e r,............

$592.917
6*0,394

A m ount o a tsta n d in g O ctober 1 ,1 8 9 4 * ....
L egal T ender Notes—
Am ount on deposit to redeem n a tio n a l bank
n o tes S eptem ber 1 ,1 8 9 4 ......... -.................
A m ount deposited during S e p te m b e r...........
A m t. reissued & b an k n o tes re tire d in S ept.

#207,498,970
27,4 7 7
#207,471,501

$1,609,562
601,124

$26,211,99 8
1 ,008,43 8

A m ount on deposit to redeem n a tio n a l b an k
notes O ctober 1, 1894..... ....................... "....
$27,220,43®
* C irculation of N ational Gold Banks, n o t included in above, $92,957

According to the above the amount of legal tenders on
deposit October 1 with the Treasurer of the United States to
ri deem national bank notes was 827,220,438. The portion o f
tnia d 3 josit made (1) by banks becoming insolvent, (2) by
banka going into voluntary liquidation, and (3) by banka

THE

588

CHRONICLE.

reducing or retiring their circulation, was as follows on the
first of each of the last six months:
A u g u st 1.

J u ly 1.

Ju n e I .

Deposits by—

October 1.

Sept. 1.

$
$
$
$
$
In so lv ’t bks.. 1,572,783 1,496,261 1,420,940 1,352,060 1,323,674
L iquid’s bks.. 4,956,177 5,143,271 5,113 671 5,133,45: 5,259,239
R ed’o’g u n d r.
a c t of ’74..* 20,102,474 20,051,191 19,854,944 19,726,486 20,637,523
T o tal....... . 26,631,434 26,690,723 26,389,55' 26,211,998 27,220,436
* A ct of J u n e 2 0 ,1 8 7 4 , and J u ly 1 2 .1 8 8 2

—Tnrough the
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of Sept. From
previous returns we obtain the figures for previous months,
and in that manner complete the statement for the nine
months of the calendar years 1894 and 1893.
G

overnm ent

R

evenue

and

r e c e ip t s

E

x p e n d it u r e s .

(0 0 0 s o m i tte d ) .
1893.

1894.
iV.Bfe.

Ous- Inter’! Red’p. Misc’l lotaX.
toms. Rev’ue Fund. S ’rces
$
%
$
$
%
Jan...... 13,437 9,015 2,744 2,840 27,036
F e b .... 1C,389 11,050 2,492 828 24,759
M arch ..

April...
M ay....
Ju n e...
July....
A u g ...

S ept....

12,808
12,893
12,042
15,179
25,200
27,562
6,182

11,359
9,621
9,798
8,859
8,427
11,805
15,565

1,085
2,278
‘ 751
1,159
888
633
1,596

676
1,7 re
1,227
2,448
1,182
1,051
874

25,928
26,568
3,818
27,645
35,697
41,051
24,217

N.Bk.
Ous- Inter’l Red’p. Misc’l Total.
toms. Rev’ut Fund. S’rces
$
t
*
t
1
20,667
16,936
19,665
15,908
14,638
14,964
14,684
12,145
12,570

12,004
11,317
12,931
11,729
14,431
14,003
14,689
10,563
11,469

207
312
322
184
43
267
130
166
707

2,810
1,445
1,520
1,980
2,871
1,750
1,538
1,183
544

35,688
30,010
34,438
29,801
31,983
30,984
31,026
24,057
25,290

9 m os. 98,260 131,931 13,626 12.902 256,719 142,177 118,136 2,338 15.636 273,277
d i s b u r s e m e n t s (OOOs o m i tte d .)
1893.

1894.
Y.-fik.

Pen- In- Red’p. Total.
sions. t erest. ¡Fund.
%
*
$
t

Ordtnary.
$
15,157
14,937
M arch .. 18,180
16,345
A p ril...
M a y .... 15,907
J u n e . . . 14,371
J u l y .... 16,732
A u g ... 19,410
S e p t.... 17,411

8,996 7,157 1,178 32,488
260 1,097 27,823
11,529
13,374
218 L105 32,877
10,152 5,576 1,216 33,289
895 1,388 31,167
12,977
291 1,169 26,726
10,895
042 37,590
12,902 7,014
716 32,373
912
11,335
770 31,093
322
12,590

N.BkOrdi- Pen- In- Red’p- lotaX.
nary. sions. terest lFund.
$
18,209
17,050
17,113
15,271
15,559
17,102
17,791
21,642
14,493

«
$
13,038 7,104
322
13,495
679
13,810
12,872 5,096
383
14,269
262
11,411
14,758 7,127
397
11,266
198
10,787

*
902
811
740
532
662
491
418
291
220

%
39,253
31,678
32,372
33,771
30,873
29,266
40,094
33,596
25,691

9 m os. 148,450 104.750 22,645 9.581 385,426 154,230 115.736 21.568 5,087 296,6 8 j

B o n d s H e l d b y N a t io n a l B a n k s .— The following interest*
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
b a n k circulation and to secure public moneys in national bank
depositaries on September 30.
U. S. B onds H eld Sept. 30, 1894, to Secure—
D escription o f B onds.

P ublic Deposits
i n B a n ks.

Bank
C irculation.

Total H eld.

$1,195,000
1,013,000
12,168,000
500,000

$15,043,000
22,777,400
156,729,950
6,403,350

$16,238,000
23,790,400
168,897,950
6,903,350

$200,953,700

$215,829,700

T o t a l . . ............ .—

$14,876,000

following are
the imports at New York for the week ending for dry goods
Sept. 27 and for the week ending for general merchandise
Sept. 28 ; also totals since the beginning of the first week in
January.
I m po rts

and

E xports

fo r th e

W

e e k .— The

FOREIGN IMPORTS AT NEW YORK.

1891.

For Week.

1892.

Since J a n . 1.
D ry G o o d s ....,
G en’l m e r’dise

$1,941,803
6,38S,741

$3,549,883
7,264,534

$8,330,547

D ry G oods.......
Q en 1 m er’d ise .

$10,814,422

1893.
$1,515,548
4,727,985

1894.
$2,233,362
7,963,666

$6,243,533 $10,197,028

$90,818,950 $96,756,001 8103,274,474 $65,748,263
306,828,218 329,038,880 334,280,868 259,805,568

T o ta l 39 w eeks 8397.647,168 $425,844,881 8437,555,342 $325,553,831

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 p<Srts for the
week ending Oct. 2 and from January 1 to d ate:
EXPORTS FROM NEW YORK FO R TH E W E EK .

1891.
F o r th e w e e k ..
P re v . re p o rte d .

1892.

$5,433,542
$9,768,989
266,063,432 286,007,186

1893.

1894.

$6,306,856
$7,606,377
273,036,030 267,875,238

T o ta l 39 weeks. $ 2 7 5 ,8 3 2 ,4 2 l'$ 2 9 1,490,728 $280,612,407 $274,682,094

The following table shows the exports and imports of specie
at the port of New York for the week ending Sept. 29 and since
January 1,1894, and for the corresponding periods in 1893
a id 1892:
\




I VOL. L1X-

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Gold.

Exports.
Week.

Since J a n . 1.

J r e a t B r i t a i n ..........
P ran ce..........................
G erm an y .....................
West In d ie s................
M exico.........................
South A m erica...........
411 o th e r countries..!

$15,438,800
23,763,999
31,600,000
2,000 12,055,440
47,205
530,067
851,785

T o ta l 1 8 9 4 ..........
T o ta l 1893......... .
T otal 1892...........

$2,000 $84,287,2961
174,300 69,830,429
28,990 58,727,639
Exports.

Silver.

Week.

S in ceJa n . 1.

Glreat B rita in .............
F r a n c e . . . . . . . . ...........
G e rm a n y ...................
West In d ie s ............
M exico................ .
South A m erica....... ..
All o th e r c o u n trie s..

$728,084 $24,185,018
394,000
268,100
185,920
53,297
722,051
127,102
2,591

T o ta l 1894...........
T o ta l 1893...........
T o ta l 1892...........

$730,675 $25,935,488
615,550 24,257,667
307,750 16,637,294

Imports
Week,

SinceJan. l

$1,688,902
6,227,096
1,659,567
9,422
......... I 3,697,641
43,964
41,263
851,483
124,8 L7
$50,685 $14,293,473
431,978 56,846,242
7,233
6,500.722
Imports.
Week.
1,553
7,235
7,071
273

SinceJan. 1 .
$13,209
100,778
6,504
576,018
211,367
379,124
28,871

$16,132 $1,315,871
91,593
2,949,871
125,776
1,969,462

Of the above imports for the week in 1894 $29,102 were
American gold coin and $723 American silver coin. Of the
exports during the same time $2,000 were American gold coin.
—The Syracuse Consolidated Street Railway Company hav­
ing made default on the coupons ot their 5 per cent first mort­
gage bonds, due January 1 and July 1 last, and foreclosure
proceedings having been begun by the trustees, Messrs. Simon
Wormser, Casimir Tag, Clarence H. Wildes and Isaac N. Selligman, representing more than a maj >rity of the bonds, have
been constituted a committee for the protection of the bond­
holders, who are requested to deposit the same at once with
the Central Trust Company of New York, receiving negoti­
able certificates therefor.
—The committee of the second mortgage bondholders of
the Northern Pacific Railroad Company call attention to the
facts that the third consecutive default on the second mort­
gage bonds having taken place yesterday, and the application
of the receivers to have the outstanding receivers’ certificates
increased to $5,000,000 having been postponed until October 8,
it is imperative that bondholders should deposit their bonds
before that day with the New York Security & Trust Co. in
order that their interests may be adequately protected.
—The Oregon Short Line first mortgage bondholders com­
mittee give notice that there have been deposited with the
Central Trust Company of New York and the Old Colony
Trust Company of Boston over four million dollars of bonds;
$1,500,000 more have been promised to the committee of
holders who, for various reasons, have been unable to deposit
them. The committe has extended the time for deposit with­
out penalty to the 25th of October, after which date the pen­
alty of ten dollars a bond w ill be incurred.
—The New York Clearing House has recently contracted
for what is said to be the heaviest vault work ever built in
any part of the world. The specifications demand that 5-ply
welded chrome steel and iron, made by the Chrome Steel
Works, Brooklyn, N. Y ., be used in its burglar-proof con­
struction. This well known material is now and has for a
long time past been used in much of the burglar-proof vault
construction of the principal financial institutions through­
out this country and Canada.
—An unusually select and varied list of investment securi­
ties is offered this week by Messrs. Redmond, Kerr & Co., No.
41 Wall Street. The list embraces choice gold and guaranteed
bonds of the prominent steam and traction companies and
guaranteed stock of such roads as the Lake Shore, Lacka­
wanna, Pennsylvania and New York Central. These securi­
ties are owned and recommended by this firm in their adver­
tisement in to-day’s issue.
—Messrs. John L., Williams &Sons, of Richmond, Ya., offer
at 97 and interest the first mortgage 6 per cent gold bonds ot
the Virginia & Tennessee Coal & Iron Co. The whole issue o
bonds is $100,000, secured by a first lien on 12,400 acres of
coal lands in the Clinch Valley coal region in Virginia. The
property is valued at $800,000. Further particulars will be
found in the advertisement and in the circular issued by the
bankers.
—At the instance of a large number of the holders of the
general mortgage 6 per cent bonds of the Memphis & Charles­
ton RR. Co., Simon Borg, J. Kennedy Tod and Albert S . Koe
have agreed to act as a committee to protect the interests or
the bondholders. It is important that holders should act
promptly and deposit their bonds with the Central Trust oo.
and sign the bondholders’ protective agreement.
—In view of the pending annual meeting to be held at
Topeka on the 25th of this month, the directors of the Atcmson' Topeka & Santa Fe Railroad Co. solicit the proxies ot tne
shareholders of the railroad in a circular printed m anotner
column, to which attention is called.
—Charles Whann and Frederick S. Schlesingerhave forme
a copartnership for the transaction of business in tirst-ciass
municipal bonds.

THE

OCTOBER 6, 1Ô94.J

CHRONICLE.

Breadstuff« F i g u r e s ' F r o m P a«e 6 1 5 . - T h e
statements below are preparedly us from the figures of the
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present th *
comparative movement for the week ending Sept. 29, 18-4
and since August 1. for each of the last three vears:
Receipts at—
—

Oats.
Rye.
Corn.
Barley.
Wheat.
H ow .
h
BbU.196lbs Bush.00 Ibt BushM Ibf BushM lb.'- BushA8 lb B u M U
99,421
50,615
125,480

Chicago ••
Milwaukee..
D uluth...
Minneapolis.

1,387
4,450
10.300
21,295
6,300

St. Louis.. •
Peoria.......
Kansas City.
Tot.wk, ’94.
Same wk,’93.
Same wk,’92.
Sine« 40 0 .1 .
1894............
1893............
1 8 9 2 ........

319,218
362,214
421.322

559,318
238,961
1,564.169
2,321,24u
254 300
87,118
115 713
192,216
50.10O
46,1 9
5,432,254
6,191,031
8,957,647

1,393,650
120 000
29,193

1,091,370
58,500

1,629,417
4,217,872
3,793,711

12,881
15 5 0 '
48.566
15,851
128.950
157,800

17,100
33,143
ô3,9o9
308,640
115.500
8,325
2,079,400
3,723,748
3,383,391

2,973,041 51,590,412 14,389,235 23,914,395
2,921,819 33,439,269 39,891,147 28,996,094
3,087,815 68,320,918 22,597,437 25.460,033

772,450
461312
191,429

30,285
15,030

2,200
12,018
56,987
70,100

6,556

1,564.296
1,211,785
1,282,979

51.011
1'7,187
329,625

625,993
7,826,988
2,483,249
726,681
3,041,024 2,265,725

The receipts of flour and grain at the seaboard ports for the
week ended Sept. 29, 1894, follow:
Flour,
bbls.

Wheat,

Com.
bush.

Oats.
bush.
1,000,800
247.5 '2
6,h24
115,563
60,643
15.100
36,699

B ariev,
bush.
59,8.0

____

4,130
1,300

467,921 2.328.708
573.723 1,488.829
1,942,760 1,100.231 1,923,937

82.850
6,660

37,895
14,893

bush.

... 201,472 1,212,500
...
Richmond............
New O rleans....... . . .

4,510
10,689

Philadelphia.......

Total w eek... . . .
Week 1893...........

420,000
84,333

62 ,815
302,132
42.143
155,-48
23,2 »0
34,770

36.313

32.9*9
7.-40
11.476
7,095

650
22,400

Rve,
b u sh .
21,476
10,680

The total receipts at ports named in last table from Jan. 1
to Sept. 29 compare as follows for four years:
1894. .
Receipts of—
Flour................ ..b b ls . 14,99d,354

1893.
14,135,753

1892.
14,185,667

1891.
11,035,472

W heat........ .b u s h . 41,682,297
C o r n .............. ............ 36,998,733
O ats.................. ............ 83,612,574
Barley.............. ............ 2,112,549
Rye................. j

73,444,070
40,768,799
38,534,567
2,766,978
924,937

92,792,410
72,455,839
4 <,778,127
3,186,800
3,219,713

70,280,224
32,111,676
30,290.693
2,032,053
5,iöl,631

T otal grain,.............114,688,324

156,437,951

214,432,883

140,146.276

The exports from the several seaboard ports for the week
ending Sept. 29, 1894, are shown in the annexed statement:
Exports from—

New Y ork............ .
Boston.................

Wheat.
bush.

Com.
bush.

Flow.
bbls.

Oats.
bush.

57,844
200

12,530
1,500
500

58,044
576,385

... 187,087

102.872
45.786
18,539
16,’226
46,364
795
4,184

234,716
408,873

14,530
476,215

... 120,396
. . . 32,130
...
72.400
...
56,000

Total w eek............1.354,362
Same tim e 1893......1,405,117

Rye.
bush.

Peas.
bush.

4,810
330
38,273

43,463
54.910

589

City Railroad S ecurities—Brokers’ Quotations.
B id .
A tla n . A v e., B ’k ly n —
C on. 5 s, g ., 1 9 3 1 ...A & O
G en . M. Bs, 1 9 0 9 ... A & O
I m p t. 5 s , g., 1 9 3 4 ...J & J
B le ek . S t. & F u i. F .—S tk .
1 s t m o rt., 7 s, 1 9 0 0 .J & J
B’w a y & 7 th A v e .—S to c k .
1 s t m o rt.. 5s. 1 9 0 4 . J & D
2 d m o r t , 5s, 1 9 1 4 .. J & J
B ’w a y 1 s t, 5s, g u a r.1 9 2 4
2 d 5s, in t . a s r e n t ’1.1905
C o n so l 5s, 1 9 4 3 ... . J & J
B ro o k ly n C ity —N e w s t k .
C onsol. 5s, 1941 . J & J
B ’k ’y n C r ô s s t’n 5 s . 1908
C e n tr a l C ro s sto w n —S t k . .
1 s t m o rt., 6s, 1 9 2 2 .M & N
C on. P k . N .& E . R i v —S tk
C onsol, 7s, 1 9 0 2 ....J & D
C h r is t’p ’r & 1 0 th S t.—S tk .
1 s t m o rt., 1 8 9 8 ___A & O

102
29
110
183
106
103
10?
105
110
166
112
105
1
165
119
158
111
145
105

A sk .

B id . A sk .

D. D. E . B . & B a t’ —S t k . .
y
1 s t, g o ld , 5 s, 1 9 3 2 ..J & D 110
100
E ig h th A v e n u e —S to c k .. . . 250
30
S c rip , 6s, .9 1 4 . . . . : ........ 100
4 2 d & G r. S t. F e r .—S to c k 300
4 2 d S t.& M an .& S t. N . A v. 60
: 85
1 st m o r t. 6s, 1910 ..M & S 110
2 d m o r t in co m e 6 s . J & J 53
H . W . S t. & P . F e r .—S tk . 200
1 s t m o rt., 7 s, 1 8 9 4 ..J & J 103
L o n g I s la n d T r a c tio n ....... 13U
M e tro p o lita n T r a c tio n .. 114M
163
114
N in th A v e n u e ........... . . . . . 140
S eco n d A v e n u e —S to c k ... 137
1 s t m o rt., 5s, 1 9 0 9 .M & ' 102
15%
D e b e n tu re 5s, 1 9 0 » .J & J 100
120
S i^tih A v e n u e —S to c k ........ 200
161
T h i i a A v e n u e ...................... 185
1 s t m o rt., 5s, 1 9 3 7 .. J & J
____ T w e n ty - T h ir d S t.—S to c k . 290
D eb. 5s, 1 9 0 3 ..........
100

140
Toi
idi ”
52
112

U Σ
iW f
i '39

Ì8 6
118%
......

N. Y. and Brooklyn Glas Securities—Brokers’ Quotations.
GAS COM PANIES.

Bid. Ask.
GAS COM PANIES.
112
People’s (Brooklyn)........ .
Peoples’ (Jersey C ity )....
62 Metropolitan (Brooklyn).

Brooklyn Gas-Light........ 110
105
Consumers’ (Jersey City). 59
85
Citizens’ (Brooklyn)........ 60
Jersey City & Hoboken.. 180
Metropolitan—
Bonds....... 105
Mutual iN. Y...............
147
Nassau (Brooklyn).......... 165
S crip...... ____ . .. .... 100
N. Y. & E ast Riv. 1st 5s.. 81

Bonds, 6s 7.....................
Fulton Municipal.............
Bonds, 6 s ...... ...........
E quitable..........................
Bonds, 6s........................
Standard p re f.. . . . . . . . . . .
Com m on....................

150
82

Bid. Ask.
81
170
145
175
105
14
105
170
107
80
27

82
••••*«
is o "
175
109
82
35

—Messrs. Kidder, Peabody & Co,, Boston, offer at 101% and
interest $1,000,000 West Chicago Street R. R. Tunnel Co,
first mortgage 5 p r cent bonds. The bonds are guaranteed
by the West Chicago Street R. R. Co., and are secured by a
first mortgage on real estate in Chicago which cost $2,515,000.
See advertisement.
—Downing’s U. S. Customs Tariff, just issued, contains an
alphabetical schedule of the Customs law on over 20,000 artides, together with the text of the new law. This very con­
venient manual is issued by Messrs. R. F. Downing & Co.,
11 William Street.
—The reorganization committe of the Minneapolis & St,
Louis Railway Company gives notice that the second instal­
ment of assessment on the common and preferred stock,
being $5 per share, is called’ for, payable at the office of the
Central Trust Company, on or before October 9.
—Messrs. Geo. W. Baily & Co., whose card appears on the last
page of the Chronicle to-day, m ate a special feature of cot­
ton and naval stores. They invite correspondence from parties
interested in these lines. Their offices are in the Cotton Ex­
change Building.
—Messrs. E. H. Gay & Co., Boston, offer for sale in the ad­
vertising columns in the State and City Department of this
issue of the Chronicle an attractive list of bonds. The list
includes various municipal and railroad issues.

Auction Sales.—Among other securities the following, not
The destination of these exports for the week and since
Sept. 29, 1893, is as l *low. We add the totals for the corres­ regularly dealt in at the Board, were recently sold at auction
By Messrs. R. Y. Harnett & Co.:
ponding periods of last year for comparison:
»
--------- Flow.--------- , ,--------- Wheat.-------- , ,------ ;—Com .--------- ,
Exports for
Week Since Sept. Week Since Sept. Week Since Sept.
week and since Sept. 29. 1, 1894. Sept. 29. 1,1894.
Sept. 29. 1.1894.
Sept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
bush.

United K ingdom 143.496
Continent........
43.335
S. & C. A m erica.. 22,900
West Indies........
15,614
Brit. N. A. Col’s..
7,480
Other countries..
1,891

761,998
159.373
i-8.430
87,110
83,029
3,488

891,523
444, 39

3,623,661
8,682
1,882,588
25,772
250
9,668
............
.............
11,742
........................................................
20 0 0
2C.000
2,182

82,429
34,064
73,635
33,814
6 964
4,490

Shares.
B onds.
10 A m erican T ype F ounders’
$270,000 Cape G irard e au 8.
C o .,p ref................ ........... 33
W. Ry. 1 st eon. mge. Bonds
5 A m erican T ype F o u n d ers’
(Tr. R ee.),issue of M ar.,’88,
Co., com ............................ 3 78
w ith p a s t due c o u p s..$1,00 0 lo t

By Messrs. Adrian H. Muller & Son :

Bonds.
200 U nited N. J . HR. & Canal
$12,000 O range Mt. Cable Co.
T o tal................. 234,716 1,143.433 1,354,362 5,426,499
Cos ............... . ................ 235%
58.044
234,>93
1st 5s, 1 9 H , coup, of M ai.,
Total 1893............ 408.873 1,415,059 1,405,117 8,410,063
576,335 3,626,189
25 U nited S tates T ru st C o ..835
1894, a tt a c h e d ...................... 25%
100 B a n k of A m erica.............. 200
$4, 00 T erre H a u te & P eoria
The visible supply of grain, comprising the stocks in granary 50 B rooklyn City RR. Co__ 165
RR 1st 5s, 1942, g u a r ....... 98%
30 C hatham
$2,v00 F t. Scott, K an., W ater
at the principal points of accumulation at lake and seaboard 200 Colum bia N at. B a n k ....... 365
S late Co...... $27 lot.
Co. 6s, 1 9 1 2 .............................. 5
ports, rfept. 29, 1894, was as follows:
13 Plienix N at. B a n k ...........121
$5,000 Consol. Gas & Elec. L t.
5 E m pire City F ire In s. Co. öS1«
Co. of W estchester Co., N.
, 1
Wheat,
Com.
Oats,
Barley
gve,
15 E a s t Side B ank.................. 100
In store at—
bush.
Y , 6s, E x t , 1912................
5
bush.
bush.
bush.
bush.
New Y ork.....................12,281,000
372.000
2.788.000
18 Mt. M orris E lec. Lt. Co.. 28
12,000
$3,500 N. Y. City S uburban
1,000
, Do
afloat..............................681,000
178,000
242.000
10.« 00
10 Official H o tel R ed Book
W ater Co., M t Vernon, N.
A lbany.......... ...............
15.000
29.000
35.000
& D irectory Co..............$5 lot.
Y., 1st 6s, 1921.............. .
25
Buffalo......................... 1,877,000
147,000
150,000
"26,000
208,000
Bonds.
$15.000 Tol. & O. Cent. E x t.
Do
aflo at................... ...
$15,000 P o rtsm ’th Co. 1 st 6s
RR. 1 st 5s, 1928..................
J.6%
Chicago........................ 26,831,000
2,242,000
1,489,000
iòò'.ò'od
71,000
„ „ Do
a flo a t.........
...........
S.F., 1923, Ju ly ,’94 coup, on 5
Milwaukee.......... .
575,000
101,000
"6,000
245,odó
■miarrmriiT..... « m i—
—
i —
— — i— —
Do
a f l o a t..........................
D u tath ......................... 2,922,000
............
Do
a flo a t.........
............
™ e6 o .....................
3,334,000
23,000
D etroit.......... .............. 1 ,640.000
4,000
S?wego........................
14,000
40,000
St. Louis...................... 6,327.000
48,000
Do
afloat............................. 39,000
Cincinnati....................
24,ooo
21,000
Boston,.........................
406.000
52,000
Toronto........................
39,000
Montreal......................
637,600
Philadelphia................ 1,442,000
37.000
r eprla.......................... lo 9,000
16,000
Indianapolis................ 392,000
14,000
Kansas City.............
1.568.000
19,000
Baltimore.................... 1,321,000
45.000
Minneapolis................. 7,451,000
1,000

462,000
40.000
198,000
286,000
16,000
51,000
314,000
808,000
46.000
241.000
258.000
166,000

On Mississippi R iver!
‘ ¿5,000
On Lakes.................... 1.373.000
on canal and r iv e r ... 1,0-0,000

591,000'
440,000

352.000
332,000

8,000

601,000
410,000

4.305.000
4.193.000
8.071.000
10,945,000
7,546,584

8.234.000
7.844.000
3.863.000
7.101.000
6,854,281

336.000
319.000
435.000
758.000
2,169 142

2,266,000
1,74-,000
920.000
750.000
1,268,647

Total Sept. 29,1894.71.421,1
Tota Sept. 22, 1894.70.189.'
Ip ta l Sept. 30,1893.60,633,i
P t a Oct. 1 ,1892.47,902,1
Total Oct. 3,1891.27,755,1




46,000

*’ 7,000

307.000
13,000

‘30,000

6,000
" 6,000
’ *12,000
7,000

1,000
1,000
20.000
35,000

400,000

m id

J f tm m c ia l.

9.000
160,000

2.000

S

p e n c e r

54,000
47,000

1J
.O0

T

r a s k

<&

G o ,,

B A N K ER S,

10 WALL STREET,
NEW YORK,
State and James Streets, Albany,
Bonds and Stocks Bought and Sold on Commission. Dealers in State, City and
Railroad Bonds. Correspondence invited.

11,000
S

a m u e l

D .

D

a v is

&

G o .,

B A N K E R S ,
NO. 40 WALL ST., NEW Y AR K .
Sa m u el

D. D a v i s ,

Ch a s.

B. V a n N o s t r a n d

THE

590

CHRONICLE.

[V ol. LIX,

Posted rates of leading bars

£ h e

g a u U ers^

as follows

of

O S a x e tte .
October 5.

DITIDBNDS.
B ooks Closed.
(D ays inclusive.)

Per
Cent.

N am e o f Company.
R a ilr o a d s .
B e rk sh ire (q u ar.)...........................
B o sto n & P ro v . g u ar. (q u a r.)...
C e n tra l of N. J . ( q u a r.) ..............
G taartiers........................... s..............
B p ro p ean & N o rth A m erican ....
B è l R iver, g u a ra n te e d .................
N o rth e rn of N. H. (quar.)............
O ld Colony (q u ar.)........................
S ib u x City & Pacific p re f....... .
V erm o n t & Mass, g u a r ................
W e ste rn P en n sy lv a n ia .................
B an k s.
M u rra y H ill ( q u a r .) ..................
N ew Y ork fcuoduce E x c h a n g e ...
T r u s t C o m p a n ie s .
N ew Y ork S ecu rity & T ru s t.......
F ire In s n ra n e e .
N o r th R iv e r ,..................... ............
m is c e lla n e o u s .
A m erican Tobacco, com. (quar.)
do
p ref. (quar.)
C hicago G;3S (quar.)......................
C lafiin (II. B.) com. (q u a r.).........
do
1 st pref. (quar.).
do
2 d p ref. (quar ) ..
Coney Isd. < B’k ly u R R ... * .)
fe
•Louisville Ry. p r e f ........................
N. Y. & N. J . T elephone (quar.).]

1*8
2^
134
5
2%
1M
1*3
1%
3
4
4
3

Oct.
Oct.

Oct.

Nov.

Get. 16 to Nov.

1

Oct.

Oct.

9

The following were the rates o t domestic exchange on ¿>e\v
York at the under-mentioned cities to-day: Savannah, buying
3-16 discount, selling 1-16 discount; Charleston, buying 1-16
discount, selling par; New Orleans, Lank par ; commercial
$1 25 discount; Chicago, 60c. per $1,000 discount; St. Louis,
50c. per$l,000 discount.
United States Bonds.—More activity is noticed in Govern­
ment bonds. Sales at the Board include $t0,0004s, registered,
at 114}4 to 1141^, and $10,000 5s, coupon, at 119%. Quotations
Oct. 15 are as follow s:

to

to
to
to
to
to
to

to
8 to

3 to O ct

O ct. 16 to N ov. 1
Nov.
11 Oct. 22 Oct. 9 to Oct. 22
«
1*2 Oct. 15.Oct. 6 to Oct. 15
l 1 5 Nov. ! | ---------t0 —
«
---------- t o ------l 1
2
Oct.
2^ Oct. 1 Sept. 23 to Oct.
3
— to
1*3 Oct. 15

W A L L S T R E E T , F R ID A Y , O CTO BER 5, 1 8 9 4 - 5 P . M .

1894.
Sept. 29.

D iffcren’sfrom
jfrev. week.

1893.
Fept. 30.

1892.
Oct. 1.

$
61,622,700
71,041,900
497,561,000
10,803,800
586.633,500
92,010,500
115,439,700
207,450,200
146,658,375

$

$
60,422,700
71,594,800
392.494.400
14.395,600
390.980.400
80,786,200
41*079,400
121,865,600
97,745,101

$
60,422,700
67.287.000
464.905,500
5,674,600
476,598,800
71.921.000
51,821,100
123,542,100
(19,149,700

24,120,500

4,392.400

Dec. 358,400
I n c . 363,300
Dec.1,294,600
I n c . 148,100
In o . 345,400
I n c . 493,500
Dec. 323,650

S u rp lu s reserv e 60,791,825 ID c.

817.150

Foreign Exchange.—The market for foreign bills was
firm and quotations advanced a fraction during the early
days of the week, but since the cloae on Wednesday the tone
has been easier and quotations lower. The supply of cotton
and produce bills*is only slightly increased, but the demand
by importers is reported to be lighter. A more active de­
mand at the close has given strength to the market and quotions are higher»
To-day’s actual rates of exchange were as follows : Bank■ers’ sixty davs sterling, 4 85%@4 86%; demand, 4 86%@
4 87 ; cables, 4 87@4 87%^




Demand.

8 6 H ®4 87 4 87la@4 88
j
8 5 ti® 4 85^1
08
34% ®4 85
”
1938®5 18%/5 17Ϋ®5 3fi7*
40*6 7840hg 405?® 4C% 8
95\-a> *538 j 95 » » 95^
4

Oct. 16 to Oct. 31

The Money Market and Financial Situation.—The un­
usual activity in American Sugar Refining Co. stock has been
a feature of the week at the Stock Exchange, the reported
sales of which approximate 415,000 shares. Other features are
hot prominent and business has generally been dull. The bear
.element has been persistent, stimulated by the decline in
Sugar, but with little success. The more prominent railroad
stocks have yielded somewhat, but the general list has re­
mained strong.
Not only at the Exchange are all bonds of the better class
readily taken when offered at good prices but some brokers
report more inquiry at the counter, and some demand for
bonds not considered first class but which a¡re likely to im­
prove. Attention is also turning towards street railway and
traction stocks as likely to prove to be profitable investments.
Press dispatches from Chicago report a marked increase
in the passenger traffic on some of the railroads centering
there; also those running to the Pacific Coast; and a corre'
spondent of the Evening Post calks attention to the same con­
dition on the N. Y. N. H. & Hartford road—all of which are
hopeful signs of the times.
The small volume of currency called for at this centre for
crop-moviDg purposes is evidence that the Western and
Southern banks are in better condition to supply local needs
than has been usual in former years.
The open market rate for call loans during the week on stock
and bond collaterals has been 1 per cent, all the business being
at that figure. To-day rates on call were 1 per cent. Prime
commercial paper is quoted at 3 to 4 per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1,256,080, and the percentage
of reserve to liabilities was 68 08, against 70‘96 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows a decrease of 5,075,000 francs in gold and
3,925,000 francs in silver.
The New York City Clearing-House banks in their statement
of September 29 showed an increase in the reserve held of
$493,500 and a surplus over the required reserve of $60,791,823
against $59,974,675 the previous week.

C a p ita l.............. . .
S u r p lu s ................
L oans & dise’n ts .
C irc u la tio n . . . .
N e t d ep o sits.......
S p ecié...................
L eg al t e n d e r s ....
R eserv e field.......
L eg al r e s e r v e ....

4
4
4
5

A m s te r d a m ( g u il d e r s ) b a n k e r s ............ ..—
F r a n k f o r t o r B r e m e n ( r e io h m a r k 8 ) b ’n k e r s

Oct,
Oct.
Nov.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.

3*

S ixty Days.

Prim e b a n te r s ' ste rlin g bills on L o n d o n ..
P rim e c o m m e rc ia l............ . . . . . . . . . . . . . .
D ocum entary com m ercial....... ............... . . .
P aris b an k ers ( f r a n c s ) ...............................

Interest Sept.
Periods 29.

Oct.

1.

Oct.
2.

Oct.
8.

2 s , ........................ reg. Q.-M 0I1. * 96__ * 96 * 96 * 96
4s, 1907.............. .r e g Q .- J a n . *113% *113% *113% 114*4
4s, 1 9 0 7 . . . . . . . .coup. Q .- J a n . *115 *115*4 'l l i '- e ‘114
5s, 1904...............re g . Q.- Fefi. *119 *119 *119 '119
lltìSg
5s, 1904_ . . . .coup. Ö .-F eb. *119 *119 *119
_
6s, o u r’c y ,'9 5 ....re g . J . & J . *10 L *101 *101 *101
6s, o u r’cy,’9 6 ....re g . J . & J . *104 *104 *104 *104
I, o u r’cy,’9 7 ___reg. J . & J . *107 *107 *107 *107
te
6s, o u r’cy,’9 8 ....re g . J . < J . *110 * n o *110 *110
6s, o u r'cy .’9 9 ....r e g J . & T. *113 *113 *113 *111
4s, (Oher.)’96-99.reg Marcii. *03-514 *03-5)4 *03-5 *03-5'4
♦Th laia tile price bid ai th e m oraine; >;*ra a *i . w » -

ya<W.

United States Sub-Treasury.—The following table shows
receipts and payments at the Sub-Treasury.
Date.
Sep.
Oct.
“
“
“
“

29
1
2
3
4
5

Beccipts.
$
2,355,815
2,837,312
2,0*5,880
2,556,588
3,92^,719
2,030,166

P aym ents.
$
2,455,480
2,974,431
4,116,085
2,641,083
4,193,< 61
1,939,236

Cova.
$
75,675.419
75,949,957
75,976,10;
76,025.804
76,1*4,303
76,118,773

Balances
Coin Cert’s. Ourrertcy.
$
1,408,659
1,24 ‘,202
1,173,724
1,222,275
1 ,2 * 9 ,^ 7
1,174, Æ2

$
62.771,343
62,534,143
60,518,272
60,335,523
59,976,610
60,117,625

T o ta l 15,775,480 18,319,376

Coins.—I oliowing are current quotations in goto ft r coirs:
S overeigns............$4
N apoleons.......... . 3
X X R eicb m aik s 4
25 P e s e t a s ....... 4
Span. D oubloons.15
Mex. D oubloons.15
F ine gold b ars.

85
85
70
75
&5
i»
par

@$4 90
@ 3 90
® 4 80
® 4 85
@15 75
@15 75
@% prem .

F ine silv er b a r s .. — 63%® — 64%
F ive f r a n c s ....... — 90 @ — 95
’
M exican d o llars.. - - S I 1
*® — 52%
Do uncoin’cia l.. ------@ — —
P eru v ian sols.
— 51 @ — 52
E n g lish s i l v e r .... 4 80 @ 4 90
U.S. tra d e dollars — 55 @ — 65

State and Railroad B on ds—Sales of State bonds at the
Board include $29,000 Virginia F. D. 2 3s of 1991 at 58% to
59, $10,000 Tenn. settlement 3s at 78% and $42,000 So. Caro­
lina 6s non-fundable at 1% to 2.
^
V _
;
The railroad bond market has developed increasing activity,
with prices generally steady, Phila. & Read, issues continue
prominent on the list, the 1st pr. inc. closing at 33%, against
33; 2d do. at 23, against 21% ; 3d do at 17%, against 17%;
and gen. mort. 4s at 77%, against 78%. Ches. & O. ^pen.
4%s have been active, closing at 77 against 76%.
Cin. D. & I. are in demand, 1st 5s closing at 100%. Mo.
K. & T. issues have been freely sold ; 1st 4s close at 80%;
2ds are weak, and have declined, closing at 42%. St. L.
Southwesterns are weak, especially the 2ds, and have de­
clined to 17%, as the report recently published was disap­
pointing. Union Pacific, Oregon Short Line Ists and Kansas
Pacific consols are weak and lower. Atchison issues are
weak in sympathy with the stock, as the reorganization pro­
gresses slowly, and it is rumored that Mr. Little’s report will
be less favorable than has been expected; the 1st 4s close at
70% and 2d 3-4s class A at 21%.
Railroad and Miscellaneous Stocks.—In the stock mar­
ket American Sugar has received special attention. The price
has weakened under almost continuous pressure to sell, and
has dropped from 90% at the close last week to 82% on Wed­
nesday, closing to-day at 85% . One reason given for this
movement is the large stock of refined sugar on hand and the
consequent closing of several refineries. Chicago Gas has been
next to Sugar in prominence but remained relatively steady
until Thursday, when it was announced that an agreement
had been entered into with the Universal Gas Co., providing
for a division of territory and thus avoiding competi­
tion in some parts of the city, and the stock advanced
closing at 73% against 69%. Distilling & G. F. was weak
selling down to 7% on Monday, but has recovered, possibly as
a result of the action of the board of directors of the company
at a meeting on Wednesday in abolishing the rebate system,
and closes at 9%. National Lead pref. has shown some ac­
tivity and closes at 86, against 87% last Friday.
Of railroad stocks the grangers nave been the most
'
and have doubtless suffered somewhat in sympathy with tne
weakness of the industrials, but have continued
firm. St. Paul leads in volume of business and closes at 62%,
against 64%. Burlington & Quincy closes at 73%, against
73%, and Roek Island at 60%, against 61. Atchison stock
has declined, fluctuating between 5% and 6 during the week.
The Southern Ry., when issued, has been noticeably mor
active, closing at 13%; do. pref. at 42%. The general
has been only fairly active and generally steady.

OCK.BBRIBM.]
-----■

TH E CHRONICLE,;
"

■■'.
■■

■
.r----------

.

.

................. i

d tffll
.......■

NEVT Y O B S S T O C K E X C H A. N O E —A C T I V E S T O C K S f o r w e e k e n d i n g O C T . 5 , a n d
E
H IG H E S T AND LOWEST PR IC E S.
T uesday, W ednesday,
M onday,
■Saturday,
Oct. 3.
Oct. 2.
Oct. 1.
Sept. 29.
- ----- “
5%
5%
5%
5%
6
fi 1ft 6%
5
*114 1%
1%
1%
i%
75% 75%
77
76% 76% *76
78
64% 64% *64% 65%
6>% *65% 66
51
51% 51
52
51% 51% 51
*¿1
109% 110% 110 110
-*iio 112% 108 109
19%
19% 19
19% 19% l l % 19% 19
142 142 *142 144 *142 144
^*14:2 144
72%
73% 71% 72% 72% 73% 72
...
61% 62% 61
61%
61% 62
120 120
122 122 *118 120
-121 123
IO‘ U 102% 102% 102% *102% 102% 102% 103
2
143% 143%
1 42% 142%
60% 60%
60
60% 60% 61
60% 61
*35% 36%
36
36% 35% 35% 3d
*36
*112 114
114 114 *112 114 *112 114
39%
39% 39
39% 39
39
39
39

T hursday,
Oct. 4.

F rid a y ,
Oct. 5.
6
*1
*75%
65%
*5 L
112%
19%
*142
73

6
l1
^
77
65%
52
112%
19%
145
74

5%
*1
*75%
*64%
51%
111
19%
*142
72%

5%
1%
75%
65%
51%
111
19%
145
73%

___
61%
118%
102%
*143
59%
36
113%
39%

__
62% 61% 62%
118% 119 120
103% 103 103%
143% 143%
60% 59% 60%
36
36
36
113
113% * m
39% *3 9 % 39%

STOCKS.

s in c e J A N .

Sales of
th e
Week,
Shares.

A c tiv e K i t . S to c k s .
A tchison Topeka & S a n ta F e.

11,395
200
350
B altim ore & O h io .....................
550
C anadian P acific.......................
620
C anada S o u th e rn .....................
1,005
C entral of New J e r s e y ..........
4,055
Chesapeake & O h io ..................
10
Chicago & A lto n .......................
Chicago B u rlin g to n & Quincy 74,250
Do
p ref.
Chicago M ilwaukee & St. P au l 109,527
617
Do
p ref.
6,630
Chicago & N o rth w e ste rn .......
166
Chicago Rook Isla n d & Pacific 32,650
609
Chicago St. P a u l M inn. < Om.
fc
110
Do
p re f.
1,148
Cleve. Cincin. Chic. & St. L ...

1, 1894«

R ange fo r y e a r 1894.
L ow est.

H igh est.

3 J u ly 23
% Jan. 2
67 J a n . 2
62% Ju n e 11
47 Ja n . 3
104 M av 31
16 M ay 21
130 Feb. 12
70 Aug. 7
52 J u n e 1
93 M ay 23
54% J a n . 3
116 Ja n . 2
97 Ja n . 3
135% J a n . 4
59% Oot. 4
32% J a n . 3
109% J a n . 4
31 Ja n . 10
78 Ja n , 18
15 * J u ly 11
57% M ay 23
126% J u ly 9
158 M ay 21
9% Aug. 7
24 J u n e 22
||% J a n . 19
l l % J u n e 23
4% M ar. 28
48 Aug. 21
100 Ja n . 4
89 J u ly 9
6 Ja m 2
23% Ja n . 4
13% Ja m 12
63 Ja m 3
118% Ja m 3
87 M ay 22
10% Sept. 21
40% Ja m 12
6 Ju n e 5
19 J u ly 9
111% J u ly 31
94 J u ly 23
2 Sept. 11
15 Sept. 12
12 J u n e 23
18% J u n e 25
18% Ja m 5
15% Ja m 3

16 M ar. 14
1 % M ar. 28
81% Apr. 6
73% Ja m 18
53% Aug. 2 4
117% Mar. 8
21% Aug. ,31
142 J u ly 5
84% Mar. 21
55 Feb. 27
97% Sept. 1 2
67% Sept. 6
123% M ar. 13
110% Ju n e 7
145 A pr. 9
72% Apr. 7
41% Apr. 7
116 A pr. 16
42 Aug. 25
88 May. 12
20% M ar. 31

18% Colum bus H ocking Val. & Toi
250
*63
132% 134 D elaw are & H u d s o n ................
581
144% Apr. 7
*lt)£ 169% D elaw are L a c k a w a n n a * W est
550
174 S e p t 13
*1084 11%
12% Aug.;20
33% 34%
1,765
36% S e p t 10
Do
p ref.
11
11 E .T .V a.*G a.,cert. all ass’t pd.
215
12% S e p t 11
*ld
21 Do 1 st pref., cert, all ass’t pd.
......
19% Sept. 7
*13
14% Do 2d pref., cert, all ass’t pd.
14% S e p t 19
*45
......
50 E vansville & T erre H a u te ___
68 A pr. 20
100 103 G reat N o rth ern , p re f..............
125
106 A pr. 9
*92
93 H linois C e n tra l.........................
24:0
95% S e p t 11
*8
9 Iow a C e n tral..............................
455
11% A pr. 3
*25
31
65
39% Apr. 9
Do
p re f.
*1 7 % 17% L ake E rie & W e s te rn ..............
200
19% Aug. 24
*71
73%
200
74 S e p t 13
Do
p re f.
135 133 Lake Shore & Mich. Southern
1,680
139 Aug. 23
*88
90 Long Is la n d ...............................
37
100 Ja m 2
11
:
14% Long If lan d T ra c tio n ............
4,229
22 A pr. 16
53% 54% LonfsvUle & N ashville............. 39,503
57% Sept. 22
8
8 Louisv. N ew Alb. * Chicago.
1,015
10 Ja m 22
22% 22%
625
40 J a m 6
Do
p ref.
115 115% M a n h attan E levated, consol..
3,476
127% Apr. 26
*97
99
100% Feb. 1
*14% 14% M inneapolis & St. L., tr . reots.
400
14% O c t 4
*29
31
200
38% Apr. 9
Do
pref. .tr. re c ts.
*13% 14% M issouri K an sas & T e x a s___
615
16% Apr. 7
510
-21% 22
27% Apr. 9
Do
p re f.
27% 28% Missouri P acific.............. ......... 11,925
32% A pr. 7
*18% 20 Mobile & O hio..................... .
210
22 M ay 15
*67
74 Apr. 18
10 0 % 10 0 % New Y ork C e n tral & H udson.
3,052 95% M ay 24 102% Aug. 23
99%
99% 99%
*14
*14
15 New Y ork Chicago < St. Louis
13% M ay 22 16% A pr. 9
15
15
fe
*66
70
1 62 J u ly 31 75% F eb. 3
70
*65
70
Do
1 st p re f.
2 7 % 27%
241 25 J u ly 31 34% Apr. 2
28
27
.27
Do
2d p re f.
*14% 14% New Y ork L ake E rie St W est’n
1,741 11% Ju n e 25 18% M ar. 28
14%
15
15
*
28
310 25% M ay 21 39% Mar. 27
28
29
27
Do
p re f.
30% 31% N .Y .& N .E ., tr. recs.3 d in s.p d
5,970 ||3% M ay 19 1f33% Sept 26
30
31
31%
*180 182
178 J u ly 11 195 M ar, 15
*180 182
182
*16% 16% New Y ork O n tario & W estern
1,335 14 Ju n e .25 17% S e p t 4
16%
16% 16%
16% 16% New York Susq. & W est., new .
810 13% J u ly 7 17% Sept. 13
*16% 17
16%
45
45
600 36 M ay 21 48 Sept. 13
*45% 45%
45%
Do
p re f.
*8
1,350
8% N orfolk & W estern ...................
4 J u ly 3
9% S e p t 5
7%
8% 8%
360 1 7 % Ja n . 19 26% Sept. 6
23% 23%
-24% 26
22%
Do
p ref.
431
6% M ar. 20
3% J u n e 22
4% 4%
*4% 4% N orthern Paoiflo.......................
4%
18% 19%
5,919 12% M ay 21 23% M ar. 30
18% 18%
18
Do
p ref
17
300 12 Aug. 8 18 Oct. 4
17 Ohio S o u t h e r n .......................
•*»5
20
20
*23
35 Oregon R ’y & N avigation Co.
10 J u n e 20 30 M ar. 7
-2 3
25 ,
25
*7% 8% O regon 8h. L ine & U ta h N orth
4% Ja m 2 10% A pr. 6
*7% 9%
9%
4
350
4 P eoria D eca tu r & E v an sv ille.
2% Aug. 2
6% Aug. 23
*3^
4%
4%
9,500 14% M ay 21 23% M ar. 14
18% 18% P h ila d e lp h ia * R e ad in g .........
17% 17%
17%
2,040 10% J u ly 12 21% S e p t 11
' 17
18 P ittsb u rg Cinn. Chie. * S t L .
18% 18%
17%
49
49%
2,275 42 Ju ly 20 54 S e p t 5
51% 51%
48
Do
p re f.
7,030 ||2 Ja m 15 19% S e p t 12
18% 18% R.&W.P. T er.,tr. r .5 th asst, pd
la% 18%
18%
*22% 23%
750 12% Feb. 7 25 S e p t 11
-*22% 03%
23
Do
pref. tr . re c ts.
15 Feb. 1 15 Feb. 1
5% A pr. 5
4%, *4
*4
*4
5
3 J u ly 31
4%
43l
*4
*4
4%
525
7 J u ly 11 11 A pr. : 5
8%
8%
*8% 9
*8% 9
. ,"8% 9%
8%
9
Do
p re f.
8%
8%
25
25 St. P a u l & D u lu th .....................
100 22 Sept. 21 28 Aug. 21
*25
29
*25
*25
*25
*25
28
23
29
28
*80
93
88 Ja m 8 95 M ar. 29
*ö0
93
*80
*80
93
*35
*80
93
Do
p ref.
93
93
142 100 Ja m 6 103 O c t 4
-103 108 *103 108 *103 108
106 106
108 108 *106 109 St. P a u l Minn. & M a n ito b a ...
1,840 17% J u ly 23 25 M ar. 14
20% 20% 20% 20% 20% 20% 20
20% 20
20% 20% 20% Southern Pacific Co_______ _
4,214 12 Aug. 9 14% S e p t 13
13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% S outhern (when issu e d ...........
2,453 34%. Aug. 8 45% Sept. 13
. 42% 42% 41% 42% 41% 4134 4L% 42
42% 42% 42% 42% Do., pref. (w hen issu e d ). . . .
2,800
7 Ja n . 2 10% Aug, 20
9%
9% T exas * P acific......... ............
9%
9%
9%
9% 9%
9%
$§&
9%
400
3 Aug. 9 11% A pr. 3
7 Toledo A nn A rbor & N. M ich.
7
7% 7%
*7
*7
8
7%
*7
8
8%
7%
34 J u lv 28 45 S e p t 21
*40
50 Toledo & Ohio C e n tral.... ........
*40
*40
*40
*40
*40
75 Ja m 2 75 Ja m 2
*71
*72
78
*72
80
*72
*72
Do
p ref.
*72
78
78
78
78
12% Union P acific ................... .
3,620
7 J u ly 30 22% M ar. 31
"*12% 13
11% 12% 12% 12% 11% 11% 11% 11% 12
3 Aug. 9
6% M ar. 29
^4% 4%
100
*4% 4% Union Pacific D e n v e r * G ulf.
*4% 4%
*4% 4%
4%
4%
*4% 4%
8% Apr. 6
710 . 5% J u ly 10
.0% 6%
6^
6% W abash........................................
6%
6%
6%
6%
6%
6%
*6% 7
1,750 12% J a m 2 18% A pr. 9
, 14% 14% 14% 14% 14% 14% 14% 14% 14% 14% 14% 14%
Do
p re f.
800
9 J u ly 27 14% Aug. 28
12% 12% 12% 12 % 13
13 W heeling & L ake E rie .............
12% 12% 13
12% 13
13
630 32% J u ly 27 51% A pr. 2
45% 45% *43% 45% 44% 44% 43% 44% 45% 45% 45% 45%
Do
p re f.
8% A pr. 2
505
1% J u ly 23
*4
4 W isconsin C e n tral C om pany.
4%
*3%
4
4
4%
*3% 4
4
*4
4'
M is c e lla n e o u s S to c k s .
■'«>32
2,048 26% M ar. 2 34% Aug. 2 5
32% 30% 31% 30% 30% 30% 30% 30% 31
31% 31% A m erican C otton Oil Co.........
736 63 Ja m 2 79% S e p t 1 4
d:*76
76
77% 75
Do
p re f.
75
75% 75% 76
75
76% 76% 75
• 83 % 90% 86% 8H% 83% 86% 82% 86% 83% 85% 84% 86% A m erican S ugar R efining Co. 411,818 75% F eb. 1 114% Aug. 21
92% 92% 92% 92% 90
2,799 79% J a m 2 100% 4-Ug. 21
Do
p ref.
90% 90
91% 91% 91% 91% 92%
99 10 L
7,791 69% J a n . 2 107 Aug. 27
99% 100 A m erican Tobacco Co............
98
93
99% 97% 98% 97
98% 100
395 91% F eb. 16 110 Aug. 21
-107 103
Do
p re f.
107 107
106 106 *106 108
106 106 *106 109
69% 70% 69% 71% 70
71% 68% 71% 70
73% 73% 74% Chicago G as Co., t r u s t ree’t s . . 161,522 58% J a n . 3 80 J u n e 25
5 J u u e 26 13% A pr. 4
*8' 10
10 Colorado Coal * Iro n D ev el..
10
*8
10
*8
10
*8
10
*8
*8
*9.4. lo 9«
*9.4. 1o 9fi
*24.
26
* *24% ,26
21 Ja m 3 27% A pr. 4
*241g
26
■*119 120
1,433 111 J u ly 30 140 A pr. 2 0
121% 121% C onsolidated G as C om pany..
119% 120% 121 121% 121% 12Î% 1 2 1 1 2 1
9
7% Oot. 1 30% Feb. 6
9%
9%
9% D istilling & C attle F eeding Co 43,915
9%
8%
8%
8%
8%
8% 1 0 %
7%
33% 38% 38
38% 37
38% 36% 37% 37% 38% 38% 38% G eneral E leo tric Co.................. 19,210 30% J a m 3 45% M ar. . 8
.39
39% 37% 38-% 37% 37% 36% 37% 36% 38% 38% 39 N ational L ead Co................... . 11,062 22 J a m 2 44% Aug. 20
‘ 87
4,754 68 J a n . 2 92% Aug. 23
87% 86
Do
p re f.
86
85% 86%
86% 86
86% 85% 85% 85
5% M ar. 17
■
*4
1,170
2% J u u e 25
4%
4
4
4
4%
*3% 4%
3%
*3% 4% N orth A m erican Co..................
3%
*15
200 11% Aug. 1 19% Sept. 11
16% *15
17% O regon Im pro v em en t Co.......
*15
16% *15
16% *16
16%
16% 16%
15% 15% 15% 15% *14% 15% 15
600 13% M ay 15 19 J a n . 30
14% 14% Pacific M ail...............................
*14% 15
15
*827a
79 Ja m 15 90% J u n e 9^
*827a
'827a
Pipe L ine C ertificates......... .
'■*82%
*82%
*82%
*159 163
229 152 J u ly 9 174 A pr. 13
138% 158% P u llm an P alace Car Com pany
159% 159% 159% 159% *159 163 *159 162
64 A pr. 26 67 Ja m 2 0
*63%
*63%
Silver B ullion C e rtlflo a te s....
*63%
2,630 14% J a m 3 20% S ept.,26
18*% 18% 18% 18% 18% 18% 18 " 18% *18% 19
18% 18% T ennessee Coal * Iro n ............
62% M ay 2 71 A pr. 2
14% 15
6,208 12% Sept, 27 23% J u n e 18
14% 13% 13% 12% 13% 12% 13% U nited S tates C ordage C o ....
13% 15% 14
25
434 24% Sept. 27 41 J u n e 19
25% 22% 23
Do
p re f.
*22
*23% 25
*23% 25% 24
25
25
*39% 41
423 33% M ay 22 43 Apr. Q
40 U nited S tates R u b b e r Co.......
39% 39% 39% 39% 38
40
*36
38
'3 6
> 22,672 80% J a n . 3 92% S ept 11
: 87% 87% 86% 87% 86% 87% 86% 87% 87% 87% 88
88% W astern U nion T e le g ra p h .. . .
. ¡th eseare b id an d asked: n o sa le m a la .
I O ld oarttdoatesa
t i d aasa«*!
paid,
%d ll iiw taliaeat.9 paid.
*17% 18%
*63
131% 131%
*_ _ 171%
_
*10% 11%
33% 33%
*11
12%
*18
21
*13
14%
*45
50
*101 103
94
94
*7%
8
*25
31
17% 17%
72
72
134 134
*87
89
12% 12%
*55% 55%
7
7
*22
24
116% 116%
*98
99
*14
15
*28
32
14%
*14
22
22
27
27%
17% 17%
*65
99% 99% 100% 100%
*13% 15
*14
15
ÖD
*65
65
70
26% 26% *27
28
14% 14% 14% 14%
24
24 *
28%
30
29
30
30
*180 182 *180 182
*16% 17
16% 16%
17
17
16% 16%
45% 45% *45% 45%
*7%
*8
8%
8%
*24% 25% 24% 24%
4% 4%
4%
4%
18
18%
13% 18
17
*15
20
17
*23
*23
25
25
*7% 9 % *7% 9%
4
*3% 4
4
17% 17% 17% 17%
*17% 19
17% 17%
50% 50% 48% 49%
18
18% 18% 18%
*22
23% 22»4 22%

18%
18% *18
*18
*63
-132 134% 134 131
-1691« 171k! 170% 171%
*1 L% 11%
12
*33ia 34% 33% 33%
12%
12% *11
*11
21
*18
21
*18
14%
14% *13
*13
*45
50
*45
50
**101 103 *101 103
94
94
94
*93
7% 7% *7% 8
30
31% 31%
30
18
*16% 17% *16
72
72% *71
*71
4.35 135% 134 134%
*87
89
89
*87
12% 12% 12% 12%
563g 56% 55% 56
8
7
7%
824
24% 24% *22
4 1 6 116% 115% 116
99%
99% *98
*98
*13% 14%
13*2 14
32
30
30 .f *28
*14% 15% *14% 15
22% 22% 23
22
27% 27% 26% 27
■*19% 20
19% 19%




*17% 18%

133
'167%
*10%
32%
11%
*18
*13
*45
101
*92%
7%
*25
17
*71
135
88
13
54
7%
21
115
*98
14%
30
13%
21%
26%
18%
*66
99%
*14
*65
*27
13%
27
30
*180
16%
16%
45%
7%
*21%
4%
17%
*15
'2 3
*7%
*3%
17%
16%
47
18%
*22

133
169%
11
33
11%
21
14%
50
101
93%
7%
31
17
72%
135
88
13%
54%
7%
22
116
99
14%
30
13%
21%
27%
18%

18
18
*63
132 134
*168 169%
*10% 11%
32% 32%
*11% 12
*18
21
*13
14%
*45
50
99% 99%
*92
93
8
8
"25
31
*17
17%
72
72
135 135
*87
89
13% 14%
54% 54%
7%
7%
22
22
114% 115
*97% 99
14% 14%
*30
31%
13% 13%
21% 21%
27
‘ 7%
2
*18% 19%
*67
99% 300
*14
15
*65
70
*27
28
14% 14%
27
27
30
31%
*180
16% 16%
16% 16%
*45
45%
7%
8%
23% 23%
*4% 4%
17% 18%
18
18
*23
25
*7% 9%
*3% 4
18
18%
16% 16%
48
48%
18% 18%
23
23

592

THE C H E O m C L K

NEW YORK STOCK EXCHANGE PRICES (C oattaaed)—liVACTIFE' STOCKS.
Oet. 5.

I nactive Stocks
If In d icates u n listed .

B id.

Ask.

Bange (sales) i n 1894.
L o w est

Highest.

R a ilr o a d S to c k s .
A lb an y & S u sq u eh an n a............ 100 165 175 1C6 Ju ly 176 Apr.
B elleville & S outh. 111. p re f.......100 137%
135 M ar. 135 M ar.
B oston & N. Y. A ir L ine p r e f ..100 100J.
100 Ju n e 100 Ju n e
B rooklyn E le v a te d H.................. 100 11
13
10 Ju ly
18 Aug.
Buffalo R ochester & P itts b u rg . 100 18% 20
20 Ja n .
24% Apr.
P re ferred .................................... 100
60
61 Apr. 61 A pr.
B url. C edar R ap id s & N or........ 100
49 h
50 Aug. 52 Apr.
C an tral P acific.............................. 100 161* •17% 10% Ju n e 18 ® Sept.
8
C leveland & P itts b u rg ............... 50 153
147 Ja n . 154 May
6
P a s Moines & F o rt P o d g e .........100
7i* 5ig Ja n .
7% J u n e
31
P r e f e r r e d . . . . . . . ......... . . . ....1 0 0
14 Ja n .
34 Aug.
4
D u lu th So. Shore & A tla n tic fi.100
5i* 41* J u ly
8 Apr.
P re ferred if........................
100 UH 14
13 Aug. 19 A pr.
5i* 14 14 A pr. 16% A pr.
F lin t & P ere M arq u ette..............100
P r e f e r r e d . . . . . . . . . . . . . ............. 100
45
40 Sept. 45 M ar.
G eorgia Pacific T ru st c tfs if.. . . 100
7i*
Gr. Bay Win. & St. P . tr. re o ___100
5
7% M ar.
3 78 Äug.
P re fe rre d t r u s t ro o ts_____ ..1 0 0
12 Aug. 12 Aug.
10
H o u sto n & T ex as C e n tra l......... 100
2i* Ja n .
12 Aug.
Illinois C en tral leased li n e s ..-.100
861* Ja n .
92 J u ly
K an aw h a & M ichigan.................100
8%
8i* 7% Ju n e 918 A pr.
K eokuk & P e s M oines................ 100
5
P re fe rre d .......................... .... . . 1 0 0 Ï3
12 J a n .
13 Ju n e
Louisv. E v an sv . & St. L. C o n s.100
5 Feb.
6 Feb.
P re fe rre d ....... ............................100!
Louisv. St. Louis & T ex as.........100
lie" Feb.
138
138 Äpr.
M ahoning C oal............................. 50 101
P re fe rre d ................................... 50 106
104 Äug. 107 " M ar.
M etropolitan T ra c tio n ^ ...........100 114% 15% 112 Ju ly 120 May
M exican C en tral....................... 100
8% Apr.
6i8 Feb.
M exican N atio n al........................ 100
M orris & E sse x ......... .................. 50
148 Ja n . 160 " S e n t.
N. Y. Lack. & W estern ............... 100
llO ie Ja n . I I 5 I8 Aug.
N. Y. & N o rth ern p r e f ............ . .100
51* May
6 Apr.
N orfolk & S o u th ern .....................100 64
51 J a n . 591* A pr.
P eo ria & E a s te rn ......... ..............1 0 0
2i* Aug.
3
6 J u ly
P itts. F t. W ayne & C h ic a g o ....1 0 0 153
149 Ja n . 154 May
P itts. & W estern p f ..................... 50 25
20 Ju ly 29% Apr.
27
R en sselaer & S a r a to g a ............ 100 180
172i* Feb. 81 Sept.
* No p rice F rid a y ; la te s t p rice th is w eek.
t A ctu al sales.

[Vol, L1X,
(%

I nactive Stocks .

if In d ic a te s u n listed .
Rio G rande W estern p r e f ..... 100
Rome Wat.& O gdensburgh___100
St. Louis A lte r % Ter. H a u te ... 100
P re fe rre d ....... ........................... 100
Toledo P eoria & W estern ..........100
Toledo St. L. & K an sas C itylT ...
m is c e lla n e o u s S to c k s .
A dam s E x p re s s
..................... 3 00
A m erican B ank N ote Co if..........
A m erican E x p re s s..................... ip o
Am er. T elegraph & C able......... 100
B runsw ick C om pany..................100
Chic. Ju n e . R y. & S tock Y a rd s.100
P r e f e r r e d ............... .........* 1 0 0
_
Colorado Fuel & Iro n , p re f;_ 100
Colum bus & H ocking C o al....... 100
Com m ercial C able....................... 100
Consol. Coal of M ary lan d ......... 100
E dison E le ctric Illu m in a tin g ... 100
In te rio r C onduit & In s. C o ....... 100
L aclede G a s . . . . . ....................... ..1 0 0
P re fe r r e d ....................................100
Lehigh & W ilkesbarre Coal i f ____
M aryland Coal, p r e f .................... 100
M ichigan-P eninsular C ar Co. . . 100
P re fe rre d .....................................100
M innesota I ro n ..........................1 0 0
N ational L inseed Oil Co.............100
N ational S tarch Mfg. Co...........100
N ew C e n tral Coal.........................100
O ntario S ilver M in in g ..............100
P e n n sy lv a n ia C oal..................... 50
P o stal T elegraph—Cable I f . . . . ........
Q uicksilver M ining...................... 100
P re fe rre d ....................................100
T exas Pacific L an d T ru s t......... 100
U. S. E x p re s s........................
100
U. S. L eath er p re fe rre d II................
U. S. R ubber p re fe rre d .............. 100
W ells, F argo E x p r e s s ................ 100

Oet. 5.
B id. j A sk.
116
31
170

Bange (sales) in
Lowest.

109%
20
150
15
2% 2

35

J148% 150
47% 50
U 13
t 91

2%

146

May 118 Oet.
Ja n . 35 A pr,
Mar. 167% Ju n e
Apr. 17 Apr.
Mar.
2 Mar.
Sept. 154% Jan.

108 " J u l y
85 Feb.

116
92%
5
Aug. 97%

3 June

90

1 8 *4

Highest,

Apr.
Sept.,
Mar.
Apr.

50 Ja n .
70 "Ä p r.
7
4% Ja n .
9% Apr.
125
140 M ar. 150 July
27% 33
28 J a n
31 Mar.
101 % 102% 93 Feb. 104 Apr
36 Apr. 55% May
18
19
15 Ja n . 20 Aug.
72
74
59 Ja n .
74% Aug.
22 May 22% May
39
55
47% Ju n e 59% Fèbï
45 Feb. 52 Mar.
14 Sept. 25 Jan.
*9%
7 Ju ly 12 Aug.
7
9
7 Feb.
8% Mar.
6
8
6% Ja n . 12 May
300 325 2.8 Feb. 315 June
50
60
1%Ja n .
1% 3
3 Feb.
13% Aug. 17% Mar.
14
15
7% Ja n .
11% Aug.
‘ 4 7 ’ 49
48 Ja n . 57 Jan.
609s 52% Ju n e 68% Apr.
60
92
93 I 80 Ja n .
96% Aug.
114 1 2 1 '109 Ju ly 128 Ja n ,
16%

50

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS OCTOBER 5.
SEC U R ITIE S.

Bid.

A la b a m a -C la s s A, 4 to 5 .....1 9 0 6
C lass B, 5 s ...............
1906
Class C, 4 s ......... .................. ..1 9 0 6
C urrency fu n d in g 4 s ............. 1920
A rk an sas—6s, fu n d . H oi.1899-1900
do. N on-H olford
7 s A rk an sas C e n tra l B R .............
L o u isian a—7 s , e o n s . . . . . . . x 9 1 4
S tam ped 4 s .................................. .
N sw eonols. 4 s........................1914,

102
103
92%
92%
2
170
1
110
100
94%

Ask.
SEC U R ITIE S.
B id. A sk.
SEC U RITIES.
Bid. Ask
102% M issouri—F u n d ...............1894-1895
T ennessee— o ld......... 1892-1898
6s,
110
N o rth C arolina—6s, o l d .......J & J
6s, new bonds ......1 8 9 2 -8 -1 9 0 0
F u n d in g a c t.............................1900
do
new s e r i e s . . . . .....1 9 1 4
N ew bonds, J & J ....... .1892-1898
Com prom ise, 3-4-5-6s........... 1912 .......
10
C hatham R R ..................................
2%
3 s .............................................. .1913 78
78%
--w
S pecial ta x , C lass I .......................
2%
R edem ption 4 s . . . . . . .............1907 90
10
C onsolidated 4 s ....... ............. 1910 98
do
4% s................... 1913 102
6 s ................................................ 1919 123 127
P e n ite n tia ry 4% s.................. 1913 100
South C arolina—4%s, 20-40.. 1933 100 103
V irginia fu n d ed d eb t, 2-3S...1991 58% 58%
97
6s, n o n-fund........................... 1888
1%
2 % 6s, d eferred P s t re c ’ts, sta m p e d .
7
7%

New York City Bank Statement for the week ending
September ¿9, 1894. We omit two ciphers (00) in all eases.
ban ks.

(00s omitted.)
Bank of New York..
M anhattan Co..
Merchants’......
Mechanics’.......
America.
Phenix.
City.
Tradesmen’s.
Chemical —
M erchants’ Excb’ge
Gallatin N ational.. 1
Butchers ’&Dr, > er»’
v
Mechanics’ & Trad’s
Greenwich.
Leather Manufac’rs
Seventh N ational...
State of New Y ork..
American Exchange
Commerce.
Broadway..
M ercantile.
Pacific.
Republic.
Chatham.
People’s ___ _
N orth America.
H an o v er..... ..
Irving.
Citizen’s .
Nassau.
M arket & F u lto n ...
Shoe & L e a th e r....
Corn ExchaLge.......
Continental.............
O rien tal..................
Im po.ters’& 1radets
E ast R i v e r ...! .......
Fourth N ational....
Central N aiional....
Second N ational...
N inth N atio u al.....
F irst National........
Third National........
N.Y. Nat. Exchange
Bowery.
New York County..
German American..
Chase Naiional.
F ifth A venue..
German Exchange..
Germania ... .
United States.
Lincoln.
Garfield.
Fifth National ..
Bank of the Metrop.
W est Side...... .
Seaboard..................
Sixth N ational........
W estern National..
F irst Nat. B r’klyn..
Southern National..
Nat. Union B ank....
Liberty Nat. Bank.

C apital S u rp l’s L oans.

$

2, 000,0

2.050.0
2, 000,0
2, 000,0

3.000.
l,0u0,0

.750.0
.

1 000

0
0

300.0
600.0

1,000,0

.

300.0
400.0

1 668.8

200.0

600,0
300.0

1,200,0 ;
5, 000,0

5.000.

.

.

1 000
1, 000,0

422,7
1.500.0
450.0
200.0

700.0

1, 000,0

500.0
600.0
500.0
750.0

1,000,0
1,000,0
1,000,0

300.0
1.500.0

,

2 000,0

250.0

16.040.0
14.025.0
9.826.1
10.401.0
19.081.5
5.043.0
24,040,9
2.442.4
26.813.0
4.083.7
6,616,6

0

0

2.250.0
1.148.2
3.013.5
1.699.5
2,977,4
23.058.0
22.521.0
5.747.6
7.918.3
2.179.7
12.028.5
5.378.8
2,136,7
5.230.4
19.245.2
2.857.0
2.660.0
1.974.3
5.163.2
3.303.0
7.297.6
5.008.9
1.874.2
23.273.0
23.238.1
1.081.7
22.060.6
9.237.0
4.324.0
3.817.5
22.735.3
8.824.7
1.308.2
2.633.0
3.104.4
2.749.9
13.372.2
5.820.1
2.690.7
3.212.7
5.753.8
4.408.8
3.765.3
1.818.2
4,414,1
2.271.0
4.493.0
1.774.0
11,812,0
4.580.0
2,648,7
8.044.4
1.551.6

Specie.

Legals. Deposits

$

4.080.0
2.906.0
2.475.3
1.986.0
6.563.2
1.264.0
7.155.9
216.7
6.061.9
412.0
1.399.4
338.4
260.0
177.5
285.7
273.1
622.7
6.372.0
8.176.4
520,9
1.786.7
1.012.2

2.911.8
1.126.4
532.6
1.474.8
2.571.4
564.8
454.4
890.2
803.5
1.049.0
1.570.0
1.462.4
344.0
4.891.0
4.849.3
133.8
1.715.8
5.967.0
1.572.0
297.8
5,619,7
1.191.2
282.5
374.0
191.3
343.0
3.662.4
1.015.2
624.9
760.5
415.3
1.914.1
827.9
270.7
925.0
808.0
966.0
190.0
2.969.1
513.0
676.2
1.135.5
336.2

Total...................(61.622,7171,041,9 I497. 56I.O 92.010,5 116Ä39/7 586,633,5




New York City, Boston a n i P hiladelphia Banks:
Ba n k s .

Capital <fcr
Surplus. Loans.

Specie. Legals. ¡Deposits.i Oirc'l'n Clearings.
N. Y o rk .*
sept. 1__ 132,899,,5 489,879,9 91.187.8 I 21 Î 260 585,973,9 9,7â4,8 418,375,0
132.664 ,6 491,701,4 90.708.9 1171704 583,780,1 9,867,7 412,685,6
I 16 I! 132.664 6 495,087,1 91.288.3 1153240 586,634,4 100708 463.120.8
I# 22.... 132,664; 6497,919,4 91.862.4 1150943 587,928,1 104405 475.415.9
i 29.... 132,664; 6 497,561,0 92.010.5 1154397 586,633,5 108038 439,191,4
B o sto n *
Sept. 15__ 69.351, 8¡173,010,0 10.998.0 7.083.0 165,352,0 7,128,0 77,738,7
2 2 .... 69.351, 8 1
171.396.0 10.957.0 7.644.0 165,974,0 6,989,0 78.059.0
“ 29.... 69.351, 8 172,159,0 10.969.0 7,788,0:164,917,0 7,016,0 72,792,0P h ila .*
Sept. 15 ... 35.810, 3 111,541,0
35.123.0
117.512.0 5,271,0 63,017,2
,r 22 .. 35.810, 31112.400.0
34.226.0
117.347.0 5,312,0 63.334.1
“ 29 .. 35.810, 3;112,491,0
33.332.0
1116,901,0)5,245,0 57,964,T
* We 0wit two ciphers in all these figures. + Including for Boston and Phila­
delphia the item “ due to other banks.”

Miscellaneous and U nlisted Bonds.—Stock Exch, prices:
m is c e lla n e o u s B o n d s.
Ch, J un.A S. Yds.—Col.t.g.,5s
Colorado Fuel—Gen. 6s..........
Col. < Hock. Coal & I .—6s, g.
fe
Consol’n Coal—Convert. 6s.
Cons.Gas Co..Chic.—lstgu.5*
Denv. C. Wat. Wks.—Gen.g.5s
Det. Gas con. 1st 5s................
East R iver Gas 1st g. 5s........
Edison Elec. 111. 00. —1st 5s .
Equitable G. & F.—1st 6s__
Henderson Bridge—1st g. 6s.
Hoboken Land & Im p.—g. 5s
Mich.-Penin. Car 1st 5s, g ....
Mutual Union Teleg.—6s g ..
Nat. Li seed Oil deb. 6s, g ...
Northwestern Telegraph—
7s.
Peoria W ater Co. — g ....
6s,
Note.—“ b” indicates price bid; “ a ”

m is c e lla n e o u s B onds.
People’s Gas & C .) 1st g. 6s.
Co., Chioago.... 5 2d g. 6s. »102’ah
Pleas. Valley Coal — g. 6s.
1st
P rocter & Gamble—1st g. 6s Í12**b.
Sunday Creek Coal 1st g 6s.. * 99 b.
U S. le a th e r—S. f. deb., g.,6s I l l b.
W estern Union Teleg.—, ._ I l l b.
Wheel. L.E&P. Goal—1st g,5s
U n lis te d B o n d s.
Amer. Deb. Co. 00L tr. 5 s....
Comstock Tunnel—Inc. 4s..
7 b.
Geo. Pac—1st 6s g. ctfs........ 108 b.
2d mort. incom e. . . . . . . .....
52 b.
Consol. 5s, g. o tf s ...... .
14 b.
Income 5s. c t f s .......... ......
Mem.&Charleston—Con. 7 g.
South. Ry. 1st 5», when iss’d 88 %b.
price asked. * L atest prioe th is week

Bank Stock List—Latest prices of bank stocks this week :
BANKS.
A m e r ic a .......
Vm. E x o h . . .
B o w e r y .........
c ro a d w a y ...
B u w h s ’& B r .
C e n t ia l . . . . .
C h a s e .............
C h a th a m .......
C h em ica l . .
C ity ....... .
C itiz e n s ’........
C o lu m b ia ___
C o m m e rc e ...
n n o tln e n ta l.
C o rn E x c h ..
l)e p o .- it..........
E a c R iv e r ..
1 t h W a rd ...
F if th A ve___
F i f t h ...........
F i s t ...
F i r s t V.. S .T .
) 4 th S t r e e t
F o u r th ........

Bid. Ask.
BANKS. Bid. A s k ..
BANKS. I Bid. ¡Ask
200 210 Gallatin........ 295 320 N.Y. Co’nty
154 160 Garfield___ _
N.Y. Nat. t x
German Am. 112% Ì2Ó
Ninth.
235 250 German E x ..
_ 19th Ward..
168 175 Germ ania.... 30ft
N. Amerioa
118 125 G reenw ich.. 150
O riental...
450
H anover.__ 310 325 P acific.....
T Park.........
350 400 Hud. River.. 150
4200 4800 Im. & Trad’s’ 530 550 People’s ....
425
140 150 P henix.......
137 150 Leather Mfs’ 180 200
Jroduoe Ex
200
L in c o ln ....... 525 __ Republio....
178 180 M anhattan.. 185%
S eaboard...
120
Market& Ful 210 220 Second ... .
280 300 Mechanics’.. 175 185 Seventh ...
15
M’ohs’ & T rs’ 150 165 Shoe& Le’th
140 165 M eroantilo.. 170 200 St Niohoias.
200 __ Merchants’.. 135 140 S outhern...
_ Stateof N.Y.
T
2000 __ Merch’tsE x. 110
M etropolis.. 425 500 T hird. ... . .
Tradesm’n’s
2500
Mo. M orris.. 150
113 120
Un’d State;
<
7
105 170
190 Ï94 New York
230 235 W est Side

OCTOBER 6

THE

1 8 9 4 .1

CHRONICLE,

593

BOiTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Active Stocks.
T indicates unlisted.
I

S h a re P r ic e s — n o t P e r C e n tu m P ric e s .
S atu rd ay ,
Sept. 29.

M onday,
Oct. l .

T uesday,
Octi 2

W ednesday,
Oct. 3

T hursday,
Oct. 4.

F rid a y ,
Oct. 5.

Baies
Range of sales i a 1894.
of th e
Week, I --------------■Shares.
L ow est
H ig h est.

5%
6
5% 59ie
12,894¡ 3% J u ly 23 16% M ar. 29
5%
5% 5%
5%
5%
6%
6 % 6%
Atei. T. & s. F e (Boston) -100
*1
1
•50 Aug. 9
15s M ar. 14
Atlantic & Pac.
“
100
*76
78
*76
78
*75% 77% *76
77
67% Ja n . 4 81 Apr. 9
Baltimore & Ohio (Balt.). 100
124 . . . .
125 J a n . 17 1
Apr. 19
1 st preferred
100
* 112 ....
108 Ja n . 3 1 1
M ay 12
2d preferred
lo o
16
1,774 13% Aug. 21 17% Apr. 9
15% 16
16
16% 16% 16
16
16
16% 16% 16
Baltimore T rac’n (Phil.) .. 25
1 1 1 198 J u ly 2 2 12 A pr. 30
205 205 *205 206
Boston & Albany (Boston). 100 206% 206% 206% 206% 206 206% 205 206
*........ 196 * 195 197
196
L93
12 182% J a u , 10 1 97 Sept. 7
196 L96 *____ 196
Boston & Lowell
“
100 *......... 197
153 L53
153 153 *151 153
153 153 *152 153
70 126 J a n . 15 1.56 Sept. 18
Boston & Maine
100 *150 153
*1 2 % 13% *12% 13% l 12% 13%
13% *1 2 % 13% * . . . . . 14
10 < Ju ly 24 14% M ar. 10
«
Central of Mass.
‘
100
&
60
46 J a n . 3 55 Sept. 6
*48
52
Preferred
100
18,171 70% Aug. 7 84% M ar. 21
72% 73% 71% 72%' 72% 73
72% 72% 72% 73% 73% 74
Ohio. Bur. & Quin. “
100
61% 62% 61% 6 L% 61% 62% 61% 620 17,540 54% Ja n . 3 67% Sept. 6
Chic. Mil. & St P. (P h ú ).U 10 * 63% 64% x61% 62
*......... IS
*10
18
18
10 J u n e 7 25% M ar. 13
Chic. & W. Mich. (Boston). 100
*•50 ......... •50 1 0 0
*•50
*•50
•45 J a n e 6 •50 Ja n . 3
Cleve. & Canton
“
100
*2 % 3%
*2 % 3%
3
*2%
3
2%
*2% 3
2%
2 Feb. 24
3% S ept. 14
Preferred
100
76 s 76
76
*76
76% 76% 76%
334 66 % J u n e 1 81 Feb. 7
76
76
76
Fitchburg pref.
“
10
....... 29% Apr. 25 37% Sept. 14
Hunt. & Br. Top. ( P hila.). 50
51% 51% *511«.....
51% 51% 51% 51%
57 47 M ay 7 52 J u ly 11
Preferred
“
50
565 36 M ay 21 42% M ar. 13
Lehigh Valley
“
. 50 37 « 37% 37% 37% 37% 37% 37% 37% 37% 37% 371« 3 7 .
L18
115 115
22 101 J a n . 1 6 : L18 S ept. 20
115 115
Maine Central (Boston) .100 * ____ 118 *____ 118 *115 118
6
116% 116%
1,343 x96% Ja n . 6 :l
22 A pr. 12
Metropolitan T rac.rP/ii/) .100 1 lß 1 L % i if iu l i e u
7%
7%
770
7\
7%
*7*« 8
7%
7%
7%
7?
5% J a n . 2
9*8 A pr. 3
*7% 7%
Mexican Cent’l (Boston). 100
30% 30
30
29% 30% 30% 31% 30% 311
2,768 Í3% M ay 19 333s Sept 26
N.Y.&N'.E.,tr.rec.§ “
100 k 30% 31% 29
k
*
64%
64%
64%
64%
*61
63
£24% M ar. 20 66 Sept. 24
Preferì ed ,tr.rec. 9 “
100
69 *......... 69%
69% 69
20 66 Ju ly 17 69% Aug. 22
69% *63% 69% *69
Northern C entral (B a lt.). 50 *
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
380
3% Ju n e 23
6 % M ar. 21
Northern Pacific (Phila.) 100
18
18% 18
18
18
18%
400 12% J u n e 25 233s M ar. 31
17% 17% *18
Preferred
“
100 *18
178
44 170% Ja n . 2 L80% Sept. 8
178% 178%
Old Colony.......(Boston). 100 17R1« 17R1« 178L, 1781a
1,10 0 48 J a n . 5 52% A pr. 7
Pennsylvania. . . ( P h ila .). 50 51% 52 " 51% 51% 51% 51% 51% 51% 51% 51% 5158 52
24% 24%
24% 24% *24
25
300 21% J a n . 20 28% Feb. 1
Philadel. & E rie.
“
8 % 81%«
8 % 95,6
8% 9
811-1« 9
8 i»ie 8 1 'la
9% 93 28,129 7% May 21 l i s « Mar. 12
Phila. & Reading.
8,462 t83% J u lv 2 115% Apr. 11
102% 103% 102% 103
103 103 % k104 104% 104% 105% 104% 105
Philadelph Trac.
.....
. . . . . . * _______
6 * .....
6
6 %|
6% 61
4
4 % May 24
T--7% Mar. 5
Summit B ranch (Boston). 50
121
2,193
6 % Ju ly 30 22% M ar. 31
Union Paciflo—
“
IOC *1 2 % 1 2 % 1 2 % 1 2 % 1 2 « 1 2 % 1 1 % 1 1 % *1 1 % 1 1 %' *12
*9.35
____
235 235 *235
*235
1 227% Mar. 21 235 Sept. 12
United Cos of N. J . (P hila.) 1 0< *235
7
7
*6
6%
*6 % 7
6% *
W.N.Y.&Pa.tr.rec “
10
...... í% J u ly 17 7 Sept. 24
M is c e lla n e o u s S to c k s .
89
86 % 82% 86 % 83% 85%| 85
90% 86 % 88 % 83
86 ?3 64,833 75% Ja n . 24
Am.8ug’r Refln.fí ( Boston) —
92
92% 92% 92% 90
90% 90% 91
91
91% 1 91% 924 l! 1,721 79 Ja n . 3 .00 Aug. 21
P referred . . . . . .
202 202 % 202 206%! * 200% 201
4 2: 163 Feb. 26 !08% Sept. 28
11203 207% 203 203% 203 203
Bell Telephone..
305 8 1.71C 22 J u ly 21 31% S ep t 20
29% 29% 29% 29% 29% 29% 30
29% 29% 29% 30
Bost & M ontana.
1,225
7% J u ly 23 115s Sept. 20
1 0 % 1 0 % 1 0 % 1 0 % 10 % 10 % *1 0 % 1 0 % 1 0 % 1 0 % 1 0 % 114 1
Butte & B oston..
293 293
293 293
41 265 J u n e 22 102 Ja n . 18
295 295
295 295
295 295
293 295
Calumet & H ecla
89
89% 89% 89% 89% 89% 89% 90
1,685 66 Ja n . 18 90 O ct. 1
Canton Co . . . . . . . ( B a lt) . 100 89% 89% 89% 90
\
31( 53% J a n . 3 68 S ep t 15
67% 67% *67% 67% *67% 67% 67% 67% 67% 67%
100
Consolidated Gas
53
52
52
53% 51% 53% 52
5 t% 51% 51% 53
s
1,151 42 Feb. 21 53% O ct. 3
Erie Telephone. (Be
37
38% 38%
33% 33% * 38% 33% 37% 38% 37
8 3,081 30% Ja n . 3 45% M ar. 8
General E lectric.
! * ............. 72
7Î
68
*70
72
1< 56 Ja n . 4 75 M ar. 8
68 * . . . . . . 72 * ........ 72
P re fe r r e d ......
24
*23
24
*23% 24% 23% 23% *23
*23
«
5C 12% J a n . 2 26 A pr. 7
Lamson StoreSer.
ÎS8I___
' * dl
51% 52
51% 51% 51%
51% 51% 51% 515f
*51% 52
331 50 M ay 23 55 M ar. 11
67
68
68
i *67
63
67
*67
67% 68
%
35 49 Feb. 28 68 Aug. 1 4
68
> 2% J u n e 27
4%
5% M ar. 19
N o rth A m e ric a n ( P h il.).10 i ................
2%
2%
2%
2 % *2
*2 % 24s
2%
2
2
2%
% 1,59, 11% J u ly 3 12% M ar. 20
W estEnd L and ..(B o sto n ). . .
1 II L ow est Is
1.
t E x rig h ts .
§ 3d i n s t a l m e n t p a i d .
* B id a n d asked prices no sa le wac nade.
{ Old certs.

Inactive Stocks.
Prices o f October 5.
Atlanta & C h arlo tte (Bai
Catawissa.................
1 st p re fe rre d ...........
2d p r e f e r r e d ...........
Central O hio................
Chari. Col. & A u g u sta
Connecticut & P ass..(.
Connecticut R iv er ..
Preferred

B id.
»0
.100
.100 255

. 50
50
50
50
. 50

100
.100
100
00
.100
100

. 50

100
100

A sk
95
260
5
52

51%
50% ....
50
48
25
128 129
235 240
160
12
14
42
38
84
20
15
64% 70
65

Little Schuylkill......... (P hila.). 50
Maryland C e n tra l___ (Balt.). 50
Mine H ill & S. H av en (P hila.). 50
Nesguehoning V al___
“
50
Northern N. H ............ (B oston). 100
North P en n sy lv a n ia . (P hila.). 50
Oregon S hort L ine. ..(B oston) .100
Pennsylvania & N. W. (P h ila .). 50 40
R u tlan d............ .........(B oston). 100
2
2%
100
72
P referred.....................
“ 100 70
Seaboard & Roanoke. (B alt.) . 100
100
1 st p referred ..........
“
West E n d ................ ...(B o s to n ). 50 54% 54%
P r e fe r r e d ..........
“
50 82% 84
West Je rsey . . . . ......... (P h ila .). 50
55
West Je rsey & A tla n .
“
50 20
Western M aryland. . (B alt.) . 50
Wilm. Col. & A u g u sta
“
100 107
Wilmingt’n & W eldon
“
100
Wisconsin C e n tr a l...(Boston). 100
P re ferred ......... ..
“
100
Worc’at.Nash.& Roch.
“
100 115
MISCELLANEOUS.

Inactive stocks.

A sk.

Bonds.

Pa. & N. Y. Ca., eon. Ss.1939, A&O
70% P erkiom en, 1 st s e r.,5 s .l9 1 3 , Q—J
A t.T o p .< s li^ îÎ lo -^ îïg ° f ô 8 9 , J & J 70
2d2% -4s, g., Class A . .1989, A&O 2 1 % 22
Phila. & E rie gen. M. 5g.,1920, A&O!
79% 80
B oston U n ited G as 1 st 5s................
Gen. m o rt., 4 g ....... ..1 9 2 0 , A&O
6>
61
2d m o rt. 5 s............................. 1939
P h ila & R ead, new 4 g., 1958, J & J
B url. & Mo. R iv er E x e m p t 6 s, J& J .115% 116
1 st pref. incom e, 5 g, 1958, F eb 1
N on-exem pt 6 s....... ..1 9 1 8 , J & J f 105 106
2d p ref. Incom e, 5 g, 1958, F eb. 1
91
89
P la in 4 s .......................... 1910, J & J
3d p ref. incom e, 5 g , 1958, F eb. 1
Chio. B url. & N or. 1 st5 ,1 9 2 6 , A&O 102 103
2d, 7 s ..„ ........................1933, A&O
ConsoL m o rt. 7 s ......1 9 1 1 , J& D
2d m ort. 6 s . . . . . . .....1 9 1 8 , J& D § 98% 100
99%
D ebenture 6 s .. . ......1 8 9 6 , J& D § 98
Consol, m o rt. 6 g ......... 1911, J& D
92
Ohio. BurL& Q uincy 4 s ..1922, F&A § 91
Im provem entM . 6 g ., 1897, A&O
97
Io w a D ivision 4 s .....1 9 1 9 , A&O § 96
Com.M.,5 g., stam ped,1922, M&N
70
Chie.&W.Mioh. gen. 5s, 1921, J& D § 65
T erm inal 5s, g .....1 9 4 1 , Q.—F.
Consol, of V erm ont, 5&.1913, J & J § 86
P hil. R ead. & N . E . 4 s . . . . ....1 9 4 2
87
70
C u rre n t R iv er, 1 st, 5S..1927, A&O 9 67
Incom es, series a ..............1 9 3 2
65
D et. L ans. & N or’n M. 7 s .1907, J & J : 55
Incom es, series B . . . .............1952
§120 121
E a ste rn 1 st m o rt 6 g .l9 0 6 ,M & S ..
P h il. Wilm. & B alt., 4 s .l9 1 7 , A&O
F ree.E lk. &M. V .,lst, 6S.1933, A&O §125% 126
P itts. C. & St. L ., 7 s ....1 9 0 0 , F&A
U n s ta m p e d lst, 6 s ....1 9 3 3 , A&O §124 125
S chuyl.R .E .S ide,lst 5 g.1935. J& D
70
K.C. C.& Spring., 1st, 5g.,1925, A&O § 65
Steuben. & In d .,lstm . ,5s. 1914, J& J
93% U n ited N. J ., 6 g .............1894, A&O
K 0. F .S .& M . eon. 6 s, 1928, M&N § 93
50
K.C. Mem. & B ir.,lst,5 s,1 9 2 7 , M&S * 40
W arren & F ra n k .,1st,7s,1896,F&A
§122% 123%
K.
C. S t. J o . & C. B ., 7 s ..1907, J& J
85
L. Rook & F t. 8.. 1 st, 7 s. .1905, J& J § 75
A t M s s S i . ' . ' i w s r i9 « 7 , j «
Incom e 6 s .. . . . . . . . . . . 1 9 0 0 , A&O
Louis., Ev.& 8t.L ., 1st, 6 g .l9 2 6 , A&O §101 102
92
B altim ore B elt, 1 st, 5 s .1990, M&N
2m ., 5—6 g ..................1936, A&O $ 90
B altim ore & Ohio 4 g ., 1935, A&O
M ar. H . & O ut., 6 s ....... 1925, A&O §102 103
P itts . & Conn., 5 g .,.1 9 2 5 , F&A
M exican C e n tr a l,4 g . . .1 911, J& J 9 56
57
14
S ta te n Islan d , 2d, o g.1926, J& J
1 s t eonsol.inoom es, 2 g, non-cum.
13
BaL&Ohio 8 . W .,lst,4% g.l990, J& J
2d consol, incom es. 3s, non-cum . . 7
8
N. Y. & N .E ng,, 1 st, 78,1905, J& J* *114% 115% C apeF .& Y ad.,S er.A .,6g.l916, J& D
Series B ., 6 g . . . . . . . . . . l 9 1 6 , J& D
1 st m o rt. 6 s , . . . . , . . . . .1905, J& J *109 110
Series C., 6 g ................ 1916, J& D
2d m o rt. 6 s ...........„ ...1 9 0 2 , F&A *103 104
Ogden. & L .C .,C o n .6 s...1920,A&O §101 102
Cent. Ohio, 4% g .............1930, M&S
In c. 6 s .................
1920
C hari. CoL&Aug. 1 st 7 s .1895, J& J
20
112
G a.C ar. & Nor. 1 st 5 g ..l9 2 9 , J& J
R u tla n d , 1 s t, 6 s .............1902,M&N I l i o
2d, 5 s............................ 1 8 9 8 ,F&A §100 101
N orth. C ent. 6 s . . . . . . ....1 9 0 0 , J& J
6 s .....................................1904, J & J
A llegheny V a lf /? 3 - ^ s | 18^6, J& J 105% 106
Series A , 5 s...............1 9 2 6 , J& J
A tlan tic C ity 1 st 5s, g., 1919, M&N 103
4 % s..............................1 9 2 5 , A&O
P ie d m .& C u m ..lst, 5 g . 1911, F&A
B elvidere D el., 1 st, 6 s ..1902, J& D
P itts. & Connells. 1 st 7 s. 1898, J& J
C ataw issa, M., 7 s ......... 1900, F&A
V irginia M id., 1 st 6 s . . . 1906, M&S
Clearfield & Jeff., 1st, 6 s .l9 2 7 , J& J
117
2d Series, 6 s . . . . . ..........1911 M&S
Connecting, 6 s .........1900-04, M&S
3d Series, 6 s .. . . . . . . . . 1 9 1 6 , M&S
D el. & B ’d B r ’k , 1 s t, 7 s.l9 0 5 ,F & A 127%
4 th S eries, 3-4-5s....... 1921, M&S
E asto n & A m . lstM .,5 s.l9 2 0 ,M & N 110
5 th Series, 5 s ...............1926. M&S
E lm ir. & W ilm ., 1 st, 68.1910, J & J . 117
H u n t. & B r’d T op, Con. 5 s .’95, A&O 100 100% W est V a C. & V. 1st, 6 g.1911, J& J
L ehigh N av. 4% s........... 1914, Q—J 110
W est’E.N.0. Consol. 6 g.1914, J& J
2d 6 s, gold..............................1897, J& D
W ilm. Col. & A ug., 6 s ..1910, J& D
108%
G eneral m o rt. 4%s, g .l9 2 4 ,Q —F 104 I ....
MISCELLANEOUS.
L ehigh Val. Coal 1st 5 s,g .l9 3 3 ,J & J 103% 104
B altim ore—City H a ll6 s .1900, Q—J
F u n d in g g s . . . . . . .......1 9 0 0 , Q—J
'
L ehigh V alley, 1 st 6 s ... 1898, J& D 110%
W est M aryi’d R R . 6 s ..1902, J& J
2d 7 s . .................. *........1910, M&S 130
W ater 5 s .....................1916, M&N
Consol, 6 ...........
1928, J& D 122
F u n d in g 5 s . . . . . . . ....1 9 1 6 , M&N
N o rth P en n . 1 s t, 7 s ....1 8 9 6 , M&N 107%
E xchange 3% s............1930, J& J
Gen. M. 7 s....... ........ ...1 9 0 3 , J& J 124
V irginia (State) 3s, n e w .1932, J & J
P en n sy lv an ia g e n . 6 s, r..l9 1 0 , V ar 129
C hesapeake G as, 6 s .....1 9 0 0 , J& D
Consol. 6 s, o
..........„.1905, V ar 117
Consol. G as, 6 s .. . . . . . . . . 1 9 1 0 , J& D
Consol. 5s, r ........... „„...1 9 1 9 , V ar
5 s ............ ......... .............1939, J&.T
C ollât. T r. 4% g ........... 1913, J& D 107%
E quitable Ga».
**••■»
P a . & N. Y. C a n a l,7 s ...1906,JA D 126

Allouez Min’g ,a s s tp d (Boston). 25
Atlantic M ining___ _
“
25
City P assen g er R R ... ( B a l t ) . 25
Bay S tate G as If.........(B oston). 50
Boston L a n d ..............
Centennial M in in g ...
Electric T raction . . . (P h ila .). 50
Do
tr.rcts.$ 4 0 p d . *
•
Fort Wayne E lect. .. (Boston). 25
Franklin M ining____
“
25
Frenohm’n ’s Bay L’d .
“
5
Illinois Steel.......... .
“
100
Kearsarge M in in g ....
“
25
Morris Canal guar. 4 . (P h ila .). 100
P referred gu ar. 1 0 .
“
100
Osceola M ining.......... (B oston). 25
24
Pullman P alace C ar.
“
100 159
Quincy M in in g .. . . . . .
“
25 90
Tamarack M ining___
“
25 160
United Gas Im p t.___(Phila.)
66 %
Water P o w er...............(Boston). 100 •90 11-00
W sstingh. Elec. & M..
«
50 34
34%
Pref.. cum u lativ e “
50 52 I 53
P rice includes o v erdue coupons.
V U nlisted.




Bid.

i A nd accrued in te re st.

t L a s t p rice th is week.

x ex-rights.

Bid. Ask.

115 116
100 101
77% 77%
33% 33%
22%' 23%
7% 18
117
130*
121

104% '105

102% | ....

105% 105%
44

11

114

110

107%
102

104

118% 119

100 .......
105% 106%
100 ......
110

[112

Ì07% 108%
70
70
70
100

102% 103
8 6 %' 87%
112% 113
115 120

112

105
97 100
110 |110%
114 114%
114% 115
107 1110
82
85
101% 102

104% 105%
109 1
109%
114 .........
111% 112

112
121

122 %

71%
107
118%
104%
113

i 17
105
114

72

594

TH E CHRONICLE.

[Vot. L1X.

NEW YORK STOCK EXCHANGE PRICES (Continued)—ACTIVE BONDS OCT. 5 AND FOR YEAR 18 9 4
R a il r o a d

and

Closing R ange (sales) in 1894.
P rice
R a il r o a d
Period Oct. 5.
Lowest.
Highest.

M i s c e l . B o n d s , In ter't

and

Closing Range (sales) in 1894.
P rice
Period Oct. 5.
Lowest,
Highest.

M i s c e l . B o n d s , In te r’t

A m er. C otton Oil, deb., 8 g .l9 0 0 Q - F 114 b. 111 Feb. 115 Ju ly Mo. P ac. (Con.)—3d, 7 s ...1906 M«fe N *109 b.
Ja n .
At.Top.«fe8.F.—1 0 0 -y r.,4 g .l9 8 9 J & J 70*2
P ac. of Mo.—1st, ex., 4 g.1938 F «fe A 99 %b. 103 J an. 112 Apr,
67 Ja n .
77% J u n e
100 ^ May
2 d 3-4s, g., Cl. “ A” .......... 1989 A & O 21%
2d ex ten d ed 5 s ............ 1938 J «fe J 106%b. 95
20 Ju ly 38% Mar.
99 Ja n . 108 Oct,
CoLMidland—Cons., 4 g.1940 F & A 25 a. 18% J u ly 32% M ar.
St.L. < Ir. M t.ls t e x t.,5 s .1897 F « A 101%
fc
fe
100% Feb. 103% May
A tl. & P ac.—G uar., 4 g ___1937
2d, 7 g . „ .
....... 1897 M «fe N 106 %b.
43*8
41% Ju n e 53% Apr.
102 Ja n . 109 Apr.
W. D. incom e, 6 s..............1910 J & J
4%a.
Cairo A rk. <&T exas,7 g. 1897 J «fe D 101
2% Ju ly
6% Mar.
97 Mar. 10338 May
B rooklyn E lev .—1 st, 6 g ..l9 2 4 A & O 95 b. 90 Ju ly 107 Ja n .
G en.R’y < la n d g r.,5 g .l9 3 1 A « O 79%
fe
fe
71 Ja n .
U nion E le v ated .—6 g . , . . l 937 M & N 91ia
83% Sept^
fe
82 Ju n e 99% A pr. Mobile < Ohio—New, 6 g .,1 9 2 7 J « D 116%b. 111% Ja n .
fe
117% May
C an ad a S o u th ern .—1 s t 5s 1908 J & J 110%b. 105% J a n . I l l % J u n e
G eneral m ortgage, 4 s ___1938 M « S 64%
66% Aug.
2d, 5 s ...................................1913 M & S 105 b. 102 J a n . 106 J uly Nash. Ch. < St. L.—1st, 7s. 1913 J «fe J 132 b. 57% Ja n .
fe
fe
125% Ja n . 132 Oct.
45 a. 32 J a n . 52% Sept.
C ent.G a.-S.<feW .lsteon.5s.l929
Consol., 5 g ....................1 9 2 8
« O
fe
98 Ja n . 102 Jan.
C e n tra l of N. J .—C o ns.,7s.l899 Q - J 112 b. 112% Ja n . 115% Ju n e N at’l S tarch Mfg.—1st, 6 s .1920 A «fe N r 99
M
96%b. 88 Ja n .
97 Oct.
C onsol., 7 s ..........................1902 M<& N 123 iab. 121 Feb. 124 Apr. N.Y. C entral—Deb. ext. 4 s. 1905 M « N 104
fe
101% Ja n .
G en eral m ortgage, 5 g . . .1987 J & J 1171g 110% J a n . 117% Aug.
1st, coupon, 7 s ..................1903 J « J 127 b. 123 Ja n . 104% Apr,
fe
128% Ju n e
Leh.«feW .B.,con.,7s,as’d .l9 0 0 Q -M 109 b. 105 Ja n . I l l May
D eben., 5s, coup., 1884..1904 M «fe S
106% Sept.
4
4
m o rtg a g e 5 s.l9 1 2 M«fc N 98 b. 100 Feb. 103% Mar.
N. Y. < H arlem , 7s, reg.1900 M « N 107% b. 116% Ja n . H O Feb.
fc
fe
120
121 Sept..
A m . Dock & Im p ., 5 s___1921 J & J 13 3 iab. 108% Ja n . 113% Sept.
R. W. «fe Ogd., consol., 5S.1922 A « O 117
fe
113% Ja n . 119 Sept..
C e n tra l Pacific.—Gold, 6 s .1898 J & J 104igb. 102 Ju ly 107% Apr.
W dst Shore, g u ar., 4s. ...2 3 6 1
J 105% 100% Ja n . 105 % Ju n e
Ches. & Ohio.—Ser. A, 6 g.1908 A & O 117 iab. 114% Feb. 120% Aug. N. Y. Chic. <feSt. L.—4 g . ..l 9 3 7 J «fe O 101
A «
97% Ja n . 102 Sept_
M ortgage, 6 g ......... .........1911 A & O 117 b. 115% J a n . 119% Sept. N. Y. E le v ated —7 s............ 1906 J «fe J 111
fe
108% ly
1 st consol., 5 g ................ 1939 M < N 109
fe
101% Ja n . 110 Sept. N. Y. Lack, «fe W.—1st, 6s. 1921 J « J 133 b. 127% J u n . 113 Ju n e
fe
134 Ju n e
G en eral 4%s, g .................. 1992 M & S 77
C onstruction, 5 s .............. 1923 F « A 114%b 110 Ja
70% Ju n e 78% Aug.
fe
Feb.
R . & A. Div., ls tc o n .,4 g .l9 8 9 J & J
9314b. 84 Ja n .
94 Sept. N.Y.L.E.«fcW.—1 st,con.,7g. 1920 M & S 133% 131% Ja n . 114% Sept.
137 Apr.
86 b. 78% Ja n . 88 M ar.
4
4
2d con., 4g. 1989 J & J
2d consol., 6 g . . ....... ....1 9 6 9 J < D t 75
fc
t7 0 May
86 Mar.
E liz. Lex. & B ig S a n .-5 g .1 9 0 2 M & S 100 a. 96 Ja n . 101% Sept.
Long Dock, consol., 6s,g. 1935 A & O
Apr.
Chic. B u rl. & Q.—Con., 7 s .1903 J & J 122
119 Ja n . 123% J u n e N. Y. Ont. <&W.—Ref. 4 s ,g .l9 9 2 M < S 68 * 125 Ja n . 129 May
fc
82%
88% Aug.
D eb en tu re, 5 s................... 1913 M & N 100
Consol., 1st, 5s, g ............ 1939
97 Feb. 102 A pr.
«
fe
b.
C o n vertible 5 s .................. 1903 M & S 101 %b. 101% Ja n . 105 Apr. N.Y.Sus.<&W.—lstre f.,5 s g.1937 J «fe D 110 b. 107 Ja n . 110% May
J 107
103 J u ly 107% Apr.
D en v er D ivision 4 s .........1922 F & A 92 b. 90% Feb. 94% A pr.
M idland of N. J ., 6s, g . . .1910
< O 115%b. 115% Apr. 119 Sept.
fe
N eb rask a E x te n sio n , 4 s .192 M<& N 89%
85% Ja n .
92% A pr. Norf.«fe W.—100-year, 5s, g.1990
« J * 69 b. 74% Apr. 74% Apr.
fe
H an .& St. Jo s.-C o n s., 6 s . 191 . M & S 119ia 115% Ja n . 120% Aug.
Md.&W ash.Div.—1st,5 g. 1941
« J * 85 a. 76% Sept. 81 Apr,
fe
Chic. «fcE. 111.—1 st, s. f .,6 s .1907 J & D 115 b. 111% Ja n . 118 M ay No. Pacific—1st, coup., 6 g.1921
« J 112% 105% Ja n . 114% Mar.
fe
Consol.. 6 g ........................ 1934 A & O 120iab. 118% Ja n . 124 Sept.
G eneral, 2d, coup., 6 g . 1933
< o
fe
87%
7138 Ju ly 89 78 Sept.
G en eral consol., 1 st, 5 s ..l9 3 7 M<& N IOOI3
G eneral, 3d, coup., 6 g .1 9 3 7
97 May 10178 A pr.
« D 62 b. 46 % J uly 64% Apr.
fe
Chicago & E rie .—1 st., 5 g.1982 M & N 95 b. 91% Ju n e 100% A pr.
Consol, m ortgage, 5 g .,.1 9 8 9 J « D 29%
fe
22% Aug.
Incom e, 5 s ........................ 1982 O ct
26iab. 27% J u ly 35% Apr.
Col. tr u s t gold n otes, 6s. 1898 M « N 77 - 75 Aug. 34% Mar.
fe
80 Sept.
Chic. G as L. & C.—1 st, 5 g .. 1937
< J
&
86 b. 82 Apr. 89% Ju n e
Chic. < N. P ac., 1st, 5 g.1940 A « 0 t 42%
fc
fe
Ju n
Chic. Mil. & St. P .—Con. 7 s .1905
129iab. 126 Feb. 130% A pr.
<
&
Seat. L. S. < E ., 1st, gd.6.1931 F « A 1 49 b. t4 0 Ja n .e 48 % Apr.
&
fe
t4 0
55 Apr.
1 st, S o u tlrw estD iv., 6 s ..1909
115.
<fe
&
112 Ja n . 116% M ay No. Pacific < M ont.—6 g ..l9 3 8 M < g 30 b. 25 J u ly
&
39% Sept.
1 st, So. M inn. D iv., 6s. ..1 9 1 0
<
&
116 b. 111% Ja n . 117% Ju n e So. P acific Ter. Co.—6 g ... 1938 J «fe J
97%
93 Ju ly
1 st, Ch. & Pac.W .D iv.,5s. 1921
Ill
fc
107 Ja n . 111% J u n e Ohio < M iss.—Con. s. f., 7 s.l8 9 8 J « J 109 %b. 106 Ja n . 101% May
fe
Chic. & Mo. Riv. D iv., 5s. 1926 r &
Consol., 7 s....... .............. .1898 J « J 109%b. 106 Ja n . 112 Ju n e
106ia 101% Ja n . 108% Ju n e
fe
l l l 7s Ju n e
Wise. & M inn., Div., 5 g.1921 r &
107 iab. 101 Ja n . 109 May Ohio Southern—1st, 6 g ..,1 9 2 1 J « D 91%
fe
88 Aug.
T erm in al, 5 g ..................1 9 1 4 r &
110 a. 105 Ju ly 110 Sept.
G eneral m ortgage, 4 g ... 1921 M « N- 46 b. 35 Ju ly 97 Mar.
fe
48% Jan .
Gen. M., 4 g., series A ... 1989 r &
90igb. 89% Aug. 92% Ju n e O m aha «fe St. Louis—4 g . . .1937
J
Mil. < N or.—1 st, con., 6s. 1913 r & d 118 b. 112% J a n . 116% Sept. Oregon Im p r. Co.—1st, 6 g.1910 J «fe D *t40 b. 42 Feb. 50 Apr.
&
«
fe
103 b. 92% Ja n . 106% S ept.
Chic. & N. W.—C onsol.,7s.l915 Q - F 140 iab. 138 Ja n . 141 M ar.
Consol., 5 g ....................... 1939
< 0
&
58%
46 Ja n .
65 % S ept.
C oupon, gold, 7 s...............1902 l « D 122 % 121 Ju ly 127 M ay Ore. R.«fe Nav.Co.—1st, 6 g.1909
&
«fe J 108 %b. 101 Ju n e 109 Oct.
Sinking fu n d , 6 s...............1929 A & o 117 14 b. 116 Ja n . 121 Apr.
Consol., 5 g . ......................1925
«fe D t 73
60 Ja n .
76% O c t
S in k in g fu n d , 5 s ...............1929 A & o 10912 b. 107% M ay 112 M ar. P enn. Co.—4 % g ., co u p o n .1921
« J 110%b. 106 Ja u . 113% May
fe
Sinking fu n d , d e b e n .,5 s .l9 3 3 M & N 111 b 106% Ja n . 112% Apr. Peo. Dec. < E v an sv . - 6 g.1920
fc
« J
fe
94 b. 74 Ja n .
95
25-year deb en tu re, 5 s .. .1909 M & N 107 b 104 Ja n . 109 A pr.
E vansv. D ivision, 6 g ...l 9 2 0 M « S 93 b. 74 M ar. 94 Aug.
fe
Aug.
E x te n sio n , 4 s ...................1926 F & A 101 %
2d m ortgage, 5 g..............1926 M «fe N 27 b. 19 Ja n .
97 Ja n . 101% Oct.
28% Apr.
Chic.K .l.& Pac.—6s., coup. 1917
&
127% 123 Ja n . 129 Apr. Phila. < R e ad .—
fc
Gen., 4 g.1958 J & J - 77%
67% Ja n .
80 78 Sept.
E x te n sio n an d col., 5 s... 1934
at
101 %
1 st pref. incom e, 5 g.......1958
97% Ja n . 104 Apr.
33%
27 Ju n e 69% Mar.
30-year d e b e n tu r e ,5 s ... 1921 M«fc
89 a, 88% Sept. 95 Feb.
2d pref. incom e, 5 g ....... 1958
23
18 3 May
4
27% Mar.
Chic. St. P. M. & O.—6 s ....1930 J & D 126%b. 119% Ja n . 127% M ay
3d pref. incom e, 5 g ....... 1958
17%b. 13% May
21 % Mar.
C leveland & C anton.—5 s .. 1917 J & J
72 b. 70 M ar. 84 Ja n . P ittsb u rg «fe W estern—4 g.1917
« J
fe
82
80% Mar. 88 Apr.
C. C. C. & 1.—Consol., 7 g.1914 J & D ►
131 b
Rich.«fcDanv.—Con., 6 g .,1 9 1 5
« J 118
fe
106% Ja n . 118% Ju n e
G eneral consol., 6 g ___ 1934 J & J 120 b 117 Ja n . 120 M ar.
Consol, 5 g ....'___1936
A « O 88
C.C.C.&St.L.—Peo.& E.,48.1940 A & O 73 b 69 Aug. 84% Apr. Rich.«feW.P.Ter.-Trust, 6 g .l8 9 7 F «fe A i 69% t6 5 Ja n . t8 8 O ct
fe
i
Sept,
Incom e, 4 s ............., ..........1990 A p ril
19 a 15 Ja n .
Con. 1 st < col. tr u s t, 5 g.1 9 1 4 M « S I 33% t4 0 Ja n . t7 0 % Sept.
fe
20 Apr.
fe
18 Ja n . i 35%
Col. Coal & Iro n .—6 g ....... 1900 F < A 94 a 95 Ja n . 100 M ay R io G r. W estern—1st, 4 g.1939 J «fe J
fc
67
62 Ju ly
71 Apr.
CoLH.Vah&Tol.—C on.,5g.l931 M & 8 89%
fe
81% M ay 94 Aug. St. Jo . < Gr. Isla n d —6 g .. 1925 M « N 64 a. 61% Ju n e 69% Apr.
fe
G en eral, 6 g ................,...1 9 0 4 J « D 92%
fe
85% Aug. 94% Aug. St. L. < San F r.—6 g., Ci.B.1906 M « N 11234b. 101 Ja n . 113 A p r
fe
fe
D en v er & R io Gr.—1st, 7 g.1900 M A N 115%b, 113 M ay 115 Aug.
6 g., C lass C ... .................. 1906 M « N 112%b. 101 Ja n . 113 A pr.
fe
1 st consol., 4 g................. 1936 J & J 79%
71 J u ly 60 Sept.
G eneral m ortgage, 6 g ..l9 3 1 J « J f 93 b. 82 J a n .
fe
98 Apr.
D et. B. City & A lp en a—6 g.1913 J < J
&
50 Ja n .
50 J an. St. L. So. W est.—1st, 4s, g.1989 M « N 59
fe
53 Ju ly
62% Apr.
D et. Mac. & M.—L d .g ra n ts .l 911 A A O 25
s
22
2d, 4s, g., incom e............ 1969 J <
Aug. 27% Apr.
fe
17%
14 Aug. 20% Apr.
D ul. So. Bh. & A tl.—5 g .. .1937 J & J
96 b 93 Feb. 102 Apr. St.P.M.«feM.—D ak.E x., 6 g.1910 M « N 119 b 115% J a n .
fe
121 Apr.
E . T enn.Y . & G a.—Con., 5g. 1956 M & N 105%
86% Ja n . 1 0 5 78 O ct.
1 st consol., 6 g. . . . . . . . . . .1933 J <
fe
118%b 115 Ja n . 122 Mar.
K no x v ille & Ohio, 6g___1925 J « J 112
fe
96 Ja n . 112 Aug.
4
4
reduced to 4% g .. J «
fe
1013g
97% Ja n . 102% June»
F t. W. & D env. City .—6 g . . 1921 J « D 72 %b. 66 dan. 7 9 78 A pr.
fe
M ontana E x te n sio n , 4 g.1937 J «fe
83 b. 84 Ja n .
89% Apr.
G aI.H .& 8anA n.-M .& P.D .lst,5g M«& N 93
90 May 93 Oct. San Ant.<& A .P.—1st,4 g.,gu.,’43 J « D 56%
fe J
50% J a n .
59% Apr.
, Gen. E le ctric, deb. 5s, g . .. 1922 J «fe D 90 a. 68 Ja n .
95 Aug. S outh C arolina—1st, 6 g . . . .......
105 Feb. 110 Feb.
H ou s.& T . Cent., gen. 4 s,g . 1921 A « O 63 b. 60 J a n . 66% Sept, So. Pacific, A riz.—6 g .. 1909-10
fe
<
fe
f 86 b. 88 Ju ly
94% Jan.
Illinois C en tral.—4 g .........1952 A «fe O
100 Feb, 103 Sept, So. Pacific, Cal.—6 g ___1905-12
< O 106% 104 J u ly 109% Sept.
fe
ln t. & G reatN o r.—1st, 6 g.1919 M « N 114%b. 109% Aug. 116 Apr.
fe
1 st consol., gold, 5 g ....... 1938
< O
fe
85% Mhy
98 Apr.
2 d 4 -5 s......
1909 M «fe S 66%b. 60 Ju n e 68% Apr. So. Pacific, N. M.—6 g ....... 1911
« J 100 b. 94% Ju ly 101% O ct
fe
Io w a C en tral.—1 st, 5 g ...,1 9 3 8 J « D 9Ó b. 86 J a n . 95 Apr. Tenn.C. I. <feRy.—T e n .D .,lst,6 g
fe
« O 75 %b. 75 J a n .
&
85% Apr.
K ings Co. E lev.—1 st, 5 g ..l9 2 5 J «fe J « 73 a. 79 Ja n .
B irm ingham Div., 6 g .,.1 9 1 7
85 A pr.
« J
fe
85 a. , 77 Ja n .
87 Apr.
L aclede Gas.—1st., 5 g ___1919 Q - F
89
81 Ja n .
89 Apr. T exas «fe Pacific—1st, 5 g. .2000
< D 86 b. 72% Ja n .
fe
88 A ug.
L ak e E rie & WeBt.—5 g_ 1937 J «fe J 114%b. 110% Ja n . 115% A pr.
_
2d, incom e, 5 f e ................ 2000
25%
17% Ja n .
28% Aug.
L. Shore.—Con. ep., 1st, 7 s .1900 J < J 118%b. 116% Oct. 121% M ay Tol. A nn A t . < N. M.—6 g.1924 M arch
&
fc
M « N 75 b. 55 M ar. 80% S ept.
fe
Consol, coup., 2d, 7 s.___ 1903 J < D 123 %b. 122 Ja n . 125% M ay Toledo < Ohio Cent.—5 g.1935
&
fe
J
Ju ly
May
Long Islan d . ls tc o n .,5 g .l9 3 1 Q - J 118 a. 13 Ja n . 118 Oct. Toledo Peo. «fe w e s t.—4 g.1917 J «fe J 106%b. 103% J uly 108 M ar
<
68
G en eral m o rtg ag e, 4 g .. 1938 J « D 96%a. 93% Feb. 99 % M ay Tol. St; L. < K an. C.—6 g . . 1916 J «fc t 72 %b. 155% Aug. 84%
fe
&
J
59%
164 A pr.
Louis. & Nash. Cons., 7 s .1898 A «fe O 108 %b. 109 Oet. 113% Mar. Union Pacific—6 g „ ...........1899 J «& J 107%b.
fe
103% Ju n e 111 Apr.
N .O . & Mobile, 1 st, 6 g ..l9 3 0 J «fe J 118% 112% Ja n . 120 Sept.
E x t. sinking fund, 8 . . . . . 1899
95 b. 90 Ju n e 103 F eb.
&
“
“
2d, 6 g .. 1930 J < J
97 Ja n , 110 Aug.
C ollateral tr u s t, 4 % ..... 1918
40 M ay 49 Ja n .
G en eral, 6 g ......................1930 J <&D 117
109% Ja n . 117 Oet.
Gold 6s, col. t r u s t n o tes. 1894 F < A 88 b. 82 Ja n .
&
92% A p r.
Unified, 4 g .................
1940 J « J 77 b 71 J u ly 79 Sept.
fe
K an. P ac.-D en. D iv., 6 g.1899 M « N 106
fe
101 Ja n . 109 May.
N ash. El. & S h .-ls t,g td . ,5 g.’37 F « .A 87%b 76 Fèb. 91% Aug.
&
1 st consol., 6 g .......... .1919 M «fe N 78
72 Ju n e 97 M är.
K en tu ck y C entral.—4 g. 1987 J < J
&
82 Ja n .
85 M ay
Oregon S hort Line—6 g ..l9 2 2 F < A 81
&
92% M ar75 Ja n .
L ouis. N. A. < Ch.—1st.,68.1910 J « J 107 b. 108 Ja n . 113% Mar.
fe
fe
Or.S.L.& Ut’hN.—Con.5g.1919 A « O 45
fe
40 J u ly
56% Apr.
Consol., 6 g ........................ 1916 A « O 94 a. 83 Ju n e 100 Mar.
fe
U.P.Den.«feGulf,con., 5 g.1939 J « D 39 b. 31% J u n e 48% Apr.
fe
L ouis. St. L. & T exas.—6 g.1917 F « A 60 a. 55 Ju ly 61 Apr. U. S. Cord.—1st col., 6 g . . 1924 J & J
&
75
70 M ay 87% Julie»
M etro. E lev ated .—1 st, 6 g.1908 J « J 121 % 116 Ja n . 121% Ju n e V irginia Mid.—Gen.M., 5s. 1936 M«fe N 96 b. 70 Ja n .
fe
96% Sept,
. 2d, 6 s................................... 1899 M<& N 110 % 107 Jan, 111 A pr.
4
4
stam ped g u a r .. M « N 96
fe
72 Ja n .
97% Sept
M ich. C e n t r i s t , cons., 7s. 1902 M « N 123%b. 11934 May 124% M ar. W abash—1st, 5 g ................. 1939 M « N 104% b. 102 J a n . 107% Apr.
fe
fe
Consol., 5 s ....... ............. ..1 9 0 2 M «fe N 108 %b. 106 M ar. 109 Sept.
2d m ortgage, 5 g ..............1939 F < A 67%
&
66 Aug. 79 A pr.
M iL LakeSh.& W .—1 st, 6 g.1921 M«& N 130 b. 124 Ja n . l3 o A pr.
D ebent. M., series B'....... 1939
& J
24
21 M
28 % pr.
E x tern & Im p ., 5 g........... 1929 F «fe A 109% 105% Feb. 110% J u ly West. N. Y. < P a .—1st, 5 g.1937 J «fe J 103 a. 97 J u ar. 103% Aept
&
S
b.
ly
-Mo. K. & E .—1 st 5s, g., g u . 1942 A «fe O 78 %a. 76 J u ly 83% Mar.
2d m o rtg a g e ......... .......1 9 2 7
« O t 24%b. 18% Feb. 126 Aug.
fe
M . K . & T exas.—1 st, 4s, g . 1990 J « D 80%
fe
77% Aug, 83% Apr. West. Un. Tel.—Col. tr., 5 s.l9 3 8
«fe J 107%b. 103 Ja n . 109 June2d, 4s, g . . ...........................1990 F « A 42%
fe
38 Ju n e 48% A pr. Wise. Cent. Co.—1st, 5 g ..l9 3 7
«fe J
57 %a. 50% Aug. 76% M ar.
. Mo. P ac.—1 s t,con.. 6 g _ 1920 M « N 96 b. 87 Ja n . 101% Apr.
_
fe
Incom e, 5 g ..................... .1937
8
8 Aug. 18 Feb.
Note. ‘“b ” in d icates price bid ; “ a” price asked ; th e ran g e is m ade up from a c tu a l sales only. * L a te st p rice thi« w eek, t T ru st receip ts.

NEW YORK STOCK EXCHANGE PRICES—(Continued).—I2Y4C2TF.0 BONDS- ■
OCTOBER 5 .
BECURITTES.

Railroad Bonds.
(Stock Exchange Prices.)
A lab am a Mid.—i s t , g., g u a r..1928
* . T. « S. F —2d, 4s, Class B . 1989
fe
Col. Miu. 1st, g., 6 s................1936
9 tia n tic « D anv.—1 st g., 6 s ..1917
fe
A tl. & P ac.—2d W. D., gu. 6 s,. 1907
« 1 O h io - 1 st, 6s, P a rk B .1919
*
1 one




B id .

A sk .

SEC U RITIES.

Bid. Ask.

B. « O.— li ns. m o r t, gold.5s.1988 113
fe
W. Va. < P itts .—1st, g., 5 s ..1990
&
B. < O. S. W., 1st, g., 4 % s...l9 9 0 iÖ
&
7%
M onon. R iver, ls tg .,g . 5 s ...1 9 1 9
C ent’lO hio R eor.—1st, 4 % s.l9 3 0 103
76% 77%
Ak.<& C h .Ju n c.—Ist,g ,5 s,g u .l9 3 0
Bost. H. T un. < W.—Deb. 5 s .1913 101
&
Brooklyn E lev ated —2d, 5 s ...1915 63
65
118%
B runsw ick < W’n —1st, g. 4s, 1938
fc
”
"R" 1 &r Pi«-+<a—«.«ri ,5 a f PS”
»
99*
97

SEC U RITIES.

B id.

Ask.

B.
R.«feP.—Roch. P ., 1st, 6 121 2 1
3 .19
Roch. <& itts.—C o n s.lst, 6S.1922 118% 121
P
B url Ced. R ap. <feNo.—I s t,5 s .l9 0 6 106% 107%
Consol. < collât, t r u s t , 5 s . . . 1934
&
M inn. < St. L.—1st, 7s, g u .,1 9 2 7 Í22%
&
Io w a C. < W est.—1st, 7 s__ 1909 101 105
fe
Ced. R ap. I. F . « N., 1 st, 68.1920 102
fe
lst> 5s
1921
87
C. Ohi o—Col","« ’c in . m "I s tjd %sl 1939
fe
Cent. RR. <feTanb.-Col. g ,5 s .19371 *90

OCTOBEB

0, 1894. J

THE

595

CHRONICLE.

NEW ÏOKK STOCK EXCHANGE PRICES.—IN A C T IV E BONDS—fC ontinuedJ—O d F03E R 5.
B id. Ask.
Bid. Ask.
SEC U R ITIE S.
SECURIT IE S .
Flint&P.AL—1st con.gold, 5 s .1939 87% 90
iv n t of N. J .—Conv. deb., 6s. 1908
P o rt H u ro n —1st, 5 s ............ 1939 ...... 68
^Central P acific-G old b d s, 6s, 1895 102»«
Fla. Cen & P en .—l s t g . 5 s . . . . 1918 ‘105
r Gold bonds, 6 s..................... 1896 102%
95
1 st con. g., 5 s ........................1943
1897 103
\ Gold bonds, 6 s . . . . . ..............
Ft W orth & R .G .—l s t g . , 5S..1928 58
Ban Joaquin B r*»68...........V 1900 104»«
98
Gal. H ar. & San A nt.—1st, 6 s .1910 95
1939
Mort. gold 5 s ..................—
Gal. H. &8. A.—2d m o rt., 7 s ..1905 94 101
1900
Laud grant, 5s, g . . . . .
Ga. Car. & Nor.—1st, gu. 5s, g.1929
1918
cal. & O. D m , ex t., g. 5 s ...
Ga. So. & F la.—1st, g. 6s.........1927
West. Paoliio—B o n d s ,6 s.... 1899 103 hi
35
G rand R ap. & In d .—Gen. 5 s .. 1924
No. Kailway (Cal.)—1 st, 6s. 1907
G. B.W . & 8 t.P .—1st, con. 5S.1911 62
1938 91
50-year 5s.
10% 15
108
2d ine, 4 s ....... ........................ 1906
Ches. & O.—P ur. M. fu n d , 6s. 1898
H ousatonic—Cons, gold 5 s .... 1937 119%
6s, gold, series A ....... . ......... 1908 117»« 119
99%
N. H av en & D erby, C ons.5s..l918 114%
Craig Valley—1st, g., 5 s .... 1940
Hous. &T. C.—W aco & N. 7s.. 1903 105
Warm Spr. Val., 1 st, g. 5 s.. 1941
1911 105
1 st g., 5s (int. g t d ) .................1937 104 105
flies. O. & So. West.—1 st 6s, g.
96% 100
50
Cons. g. 6s (int. g td )............. 1912
2d, 6s..................... 1.........*• 1911
100
D ebent. 6s, p rin . & in t. gtd. 1897
Oh. V .-G en.con.lst,gu.g,5s. 1938
85
D ebent. 4s, p rin . & in t. gtd. 1897 83
flaioago & Alton—8. F., 6 a .... 1903 116»4
115»«
Illinois C entral—1st, g., 4s ...1 9 5 1 106
Lome. & Mo. R iver—1 st, 7s. 1900
98 100
1900
1 st. gold, 3 »«s.........................1951
2(1 78........ .
G ola 4 s ..................................... 1953 100 100%
Bt. L Jacks. & Chie.—2d, 7s. 1898 107»«
Cairo Bridge—4 s ......... .......... 1950
Miss.B. Bridge—1st, s. f., 6s. 1912 103
102 »« 1C3
Springf. D iv.—Coup., 6 s ....1 8 9 8 105
phin. Burl. & Nor.—1st, 5 s— 1926
M iddle D iv.—R eg., 5s...........1921 110
debenture 6 s ..
........ 1896 95
104»« iÖ5%
C. St. L. &N. O.—T e n .l.,7 s .l8 9 7 111
Ohio. Burling. & Q.—5 s , s . f . . 1901
1st, consol., 7s..................... 1897 111
Iowa Div.—Sink, fu n d , 5 s .. 1919 105%
2d, 6 s......... .................. .....1 9 0 7
Sinking fund, 4 s .................. 1919 96
1921 *88 »« 90
Gold, 5s, co u p o n ................ 1951 115
Plain, 4s..........
100 %
Memp, D iv., 1 st g. 4 s ....... 1951
Olio & Indiana Coal—1 st 5s. 1936
Ced. F alls & M inn.—1st, 7s. .1907 101 1C5
flhi. Mil. & St. P .—1st,8s,P.D 1898 H 3% 113%
2d, 7 3-lOs, P . D .................. 1898 119 122 In d . D. & Spr.—1 st 7s, ex . cp.1906
Ind.D.& W .—1 st 5s, g .,tr .re c ..l9 4 7
1st, 7 s, $ g ., R. D . ............... 1902 125»«
2d, 5s, gold, t r u s t r e c e ip ts .. 1948 ..... 1
1st, I. & M., 7 s..................... 1897 118»« 121
.......
Ist, I. & D . , 7 s . . . . . . ........... 1899 119 122% Inc. M. bonds, tr u s t receip ts . . . .
79
78
In d . Ills. & Iow a.—1st, g, 4 s.. 1939
1st ,C. & M .,7 s..................... 1903 126
Int.&G.N’n —1 st,6s,g........... 1919 114% 115
ist, I. & D. E x ten sio n ,-7 s... 1908 130
1919 106
3d, 4s, g ..................... .............1921 *22
1st, La a & D av., 5 s.......
K ings C o .-F .E l.,lst,5,g. ,gu. A. 1929
1st, H. & D .,7 s ................ 1910 125 127
103%
Lake E rie < W est.—2d g., 5s. 1041
fe
1st, H. & D., 5 s................ 1910 106 107
120
L. 8. &M.Sou.—B.&E.—N e w 7 s.’98 ib*9%
Chicago & Pacific D iv., 6 s.. 1910
D et. M. & T.—1st, 7 s............. 1906 125
Mineral P oint Div. 5 s......... 1910 106 106%
L ake Shore—Div. bonds, 7 s. 1899 112
0. & L. Sup. Div., 5 s........... 1921 106
K al. All. & G. R .—1 st gu. 5 s.l9 3 8 111
Fargo & South., 6s, A ssu .. 1924 116»«
M ahon’g Coal R R .—1 st, 5 s .1934 113% ......
Inc. conv. sink, fu n d , 5 s ... 1916
103%
Dakota & Gt. South., 5 s ... 1916 105»« 106% LehighV.,N.Y.—1 st gu.g.4»«s.l940
109
L ehigh V .Term .—1 st gu, 5s,g. 1941
Mil. & Nor. m ain line—6 s ... 1910 117
L ehigh V ’y Coal—1 st 5 s,g u .g .l9 3 3
Chic. 0 .or w.—30-year deb. 5s. 1921 106»«
L itchf. Car.& W est.—1st, t>s. g.1916
95
Kscanaba < L. S. 1st, 6 s .... 1901 114
fc
35
40
L ittle Rock & M.—1st, 5s, g ..l9 3 7
Des M. & Minn.—1st, 7 s . . . . 1907 121
Long Islan d —1st, 7 s .................1898 112% 115
Iowa Midland—1st, 8 s......... 1900 118
99%
F e rry , 1st, g., 4 % s ........... ..1922
Peninsula—1st, conv., 7 s ... 1898
Gold 4 s ...............
1932
Chic. & Milwaukee—1 st, 7s. 1898 111%
N. Y. & R ’w ay B.—1st, g. 5 s. 1927
Win. & St. P .—2d, 7 s............. 1907 127
2d m o rtg ., in e ......................1927 '*37% *4*3"
Mil. & Mad.—1st, 6 s............ 1905 113
N.Y.& M an.Beach.—1st, 7s, 1897 103
Ott. C. F. & St. P .—1st, 5s.- 1909 '107
too
N.Y.B.&M.B.—ls tc o n . 5s,g .l9 3 5
Worthern 111.—1st, 5 s......... . 1910 107
78
Brookl’n& M ontauk—1st, 6s. 1911 106
C11.K.I.&P—D .M .& F .D .lst4s. 1905
1905
1 st 5s
1911 107%
58
iSt, 2*28......... .....................
46
L ouis.É vans.& S t.L .—Con.5s.1939
Extension, 4 s ....... ........... 1905
Louis.<feNash.—Cecil. B r. 7 s ..1907
aeokuk & Des M.—1st, 5 s.. 1923 96»s
E . H . & N ash.—1 st 6s, g ...,1 9 l 9 112%
Chic. & St.L.(Atoh.)—1st, 6s.. 1915
P ensacola D ivision, 6 s......... 1920 110 112%
Chic.St. P. & Minn.—1 s t,6 s ... 1918 126
St. Louis D ivision, 1st, 6 s ... 1921 *119
Bt. Paul & 8. C.—1st, 6 s....... 1919 124
2d 3s
1980
Ohio. & W. Ind.—1st, s. f., 6 s. 1919
N ashv. & D ecatur—1 s t,7 s .. 1900 Ìl*2% 116
General m ortgage, 6 s........... 1932 116»«
S. f.,6s.—S. & N. A la........ ...1 9 1 0 101 __
Cln Ham. & D.—Con. s. f., 7s. 1905 117»«
10-40, gold, 6 s....................... 1924 101
2d, gold, 4*28....................... 1937 97h.
Cin, D. & I r ’n—1st, gu. 5s, & 1941 99% 100% 5 0 -year 5s, g .,......................... 1937
.
104%
P en s. & A t.—1 st, 6s, gold. ..1921
Oler. Ak. & Col.—Eq. & 2d 6s. 1930
98 101
Collat. tr u s t, 5s, g .................1931 105
0 O.C. & St. L., Cairo div.—4s, 1939
8t.Lou.Div.—ls tc o l.ts ’t4s,g. 1990 *91
Lou.N.Alb.&Ch.—G en.m .g.5s.l940 65
93
67
M a n h attan R y.—Cons. 4s....... 1990
Bpring.&CoLDiv.—lst,g . 4s. 19401
97% 98
WhiteW.Val.Div.—1st, g. 4s. 1940 * 88 »« SO M anito.S.W .Coloniza’n—5s ,g .l9 3 4
Cin.Wab.&M.Div.—lst,g .4 s. 1991 *90hl
M em phis & C hari.—6s, g o ld .. 1924
1 st con. T enn lien, 7 s......... .1915
flin. I. St. L. & C.—lBt,g.,4s. 1936 93»« 96
1920
M exican Cent. ConsoL—4s, g.1911
Consol , 6 s ...............................
Cln.San. &C1.—Con. 1 st,g. 5 s, 1928 *105
1st, eons, incom e 3s, g ,.....1 9 3 9
01.Col. Cin. & In d .—1st, 7s,s.f. 1899 114%
Mex. In te rn a tio n a l—1st, 4 s,g.l942 70
Consol, sink, fu n d , 7 s........... 1914 *125
M exican N ational—1st, g., 6 s .1927
Cleve. & Mah. V.—Gold, 5 s ... 1938 *110
2d, Incom e, 6s, “A” ...............1917
Columbia & Green.—1st, 6 s. . . 1916 105
2d, incom e, 6s, “ B ” . . . ........1917
Del. Lack. & W.—Mort. 7 s .‘ . . 1907 131 132
.
M ichigan C entral—6 s...............1909 116%
Byra. Bing. & N. Y.—1st, 7s. 1906 128% 129
Coupon, 5s................................1931 113
M ortgage 4 s .............................1940 100
Morris & E ssex—1st, 7 s .... 1914 143
Bonds, 7 s......................... 1900 114
BahC.& Strgis.—Ist,3 s,g .g u .l9 8 9
7s of 1871........................... 1901 117%
Mil. L. S.&W.—Conv. deb., 5 s.l9 0 7 i 'o i " 107
’ «t.con., guar., 7 s . . . . . . . . 1915 141% 142%
Mich. D iv., 1st, 6s..................1924 125 130
1917 142
D.
&H.Can— a.'Jiv.,ooup.,7s.
P
A shland Division—1st, 6s ..1 9 2 5 125
Aloany & Susq.—1st, gu.,7s. 1906 128% 130
I n c o m e s ...................................
1st, cons., gu ar., 6 s......... . 1906 118% 119% Minn.& St. L.—1 st, g. 7 s ......... 1927 126
Bens. & Bar.—1st, coup., 7s. 1921 144%
Io w a E x te n sio n , 1st, 7s....... 1909 121
Dsnver City Cable—1 st, 6 s ... 1908
2d m ortg., 7 s . . . ..................... 1891 141 15J
Deny. Tramway—Cons. 6s, g . 1910
S outhw est E x t.—1st, 7s....... 1910 160
Metropol. Ry.—ls t,g u . g.6s 1911
Pacific E x t.—1st, 6 s .............1921 113 120
Deny. & R. G.—Im p .,g ., o s ... 1928 77
Im p r. & equipm ent, 6s.........1922 126% 128%
Duluth & Iron Range—1 st 5s. 1937 *87»«
M inn. & Pao.—1 st m ortg., 5 s .1936
B.Tenn. Va. & Ga.—1st, 7s. .. 1900 114«% 115
Minn.St.P.&S.S.M—1 st c.g.4s.l93S
Divisional 5 s . . . . . . . . ............. 1930 111
Mo.K.&T.—K.C.&P., Is t,4 s ,g .l9 9 0
70
E q .& lm p .,g .,5 s................. . 1938 88
80%
88 % D al. & Waco—1st. 5s, g u ..,.1 9 4 0
Mobile & Birin.—1st, g .,5 s.. 1937 25
M issouri P acific—T ru s t 5 s. ..1 9 1 7
Alabama Central—1 st 6 b. . . 1918 100
1 st colL, 5s, g . . . . . . . ............. 1920
Arte— extended, 7 s......... . 1897 109%
1st,
St L.&I. M .-A rk .B r.,lst, 7s. 1895 100% 101%
2d, extended, 5s................... . 1919 113 115
M obile & Ohio—1 st e x t., 6 s ...1927 110
8d, extended, 4%s................. 1923 107% 108%
St. L. & Cairo—4s, g u a r....... 1931
4th, extended, 5
s . , 1920 111 112 M organ’s L a. & T.—1st, 6 s .... 1920
6th, extended, 4 s .............. 1928 101% 103
1st, 7 s ......................................;i9 1 8 121 123
1st, con., g., f’d, 7 s .............. 1920
N ash. C hat. & St. L.—2d, 6 s .. 1901
BeOrg.. 1st lien, 6 s . . . .......... 1908 106 110 N. O. &. No. E .—P r. 1., g., 6 s ..1915 107
B, N. Y. & E.—1st, 7 s .......... 1916 130
N. Y. C entral.—Deb. g. 4 s___1905 103% 104%
g. Y. L. E. & W.—Col. tr.,6 s 1922 101 ib*7*
N. J . Ju n e —G uar. 1st, 4 s ...1 9 8 6 102 106
Funded coup., 5 s . . . . . . . . . . . . 1969 *67%
Beech Creek—1st, gold, 4 s ..1936 103%
Buff. & S. W.—Mortg. 6 s .... 1908 100
Osw. & Rom e—2d, os, g .,g u .l9 1 5 '106 108
Jefferson—1st, gu. g. 5s . . . . 1909
U tica & Bl. R iv.—4s, g., gu.1922 103%
Cqal&RR.—6 s . . . . . . ............. 1922
N. Y. & P u t.—1st, g., 4s. gu.1993
99%
Dock & Im p h .ls t 6s, c u r’cy. 1913
N, Y'. N. H . & H .—1st, rev, 4 s .1903 105%
EirekaSprings—1st, g., 6 s ... 1933
N. Y. & N o rth ern —1st, g. 5 s .. 1927 112%
S cans. & T.H.—1st,co n s.,6 s.. 1921 102
N. Y. Susq. & W est.—2d, 4 % s.l9 3 7 87%
1st, general, g., 5 s ................ 1942
Gen. m o rt., 5s, g ....... . . . ....1 9 4 0
96 100
Mt. Vernon 1st 6 s ............... 1923
N. Y. Tex. & Mex.—Ist,4 s,g u .l9 1 2
E.&T.H.—
8ul.Co.B r.lst,g.,5s. 1930
N orth’n Pacific—Divid’d scrip e x t.
36
40*
Ev.&Rich.—1st gen.5s,g.gu. 1931
Ja m es R iver V al.—1st, G s...l9 3 6
* vans. & Indian.—1st, co n s.. 1926
Spokane & P al.—1st, 6s_ .1936
_
Flint & P, Marq.—M ort., 6s 1920 112
S t.P au l & N. P .—Gen., 6 s ..1923 117
* W price Friday; th ese are th e la te s t q uotations m ade th is week. F o r M i s c e l l a n e o u s a n d
o




SEC U RITIES.
N orthern Pacific—(C ontinued.)
Helena& RedM ’n—ls t,g ., 6 s. 1937
D uluth& M anitoba—lst,g .6 s l9 3 6
Dul.& M an D ak.D iv.—I st6 s.l9 3 7
Cœ ur d’A lene—1st, 6s, g o ld .1916
Gen. l s t ,g ., 6 s.................... 1938
Cent. W ashington—1st,g.,6s.l938
N orfolk & 8outh’n—1st, 5 s,g .1941
N o rfo lk ^ West.—G eneral, 6 s .1931
N ew R iver, 1st, 6s .................1932
Im p. & E x t., 6 s . . . . . . . ........... 1934
A djustm ent M., 7 b ...............1924
E quipm ent, 5 s . . . . . . . . ........... 1908
C linch Val. 1 st 5 s..................1957
Roanoke&So.—1st, gu. 5s, g.1922
Scioto Val. & N. E .—1st, 4s,.1990
Ohio & Miss—2d consol. 7 s ...1911
Spring.D iv.—1 st 7s................1905
.1932
G eneral 5s...................
Ohio R iver R R .—1st, 5 s ...,...1 9 3 6
Gen. g .,5 s ................................ 1937
O regon & Califor.—1st, 5s, g.1927
Oreg. R y& N av.—Col. tr . g ..5s.l919
P an. Sink.F’d Subsidy—6s, g. 1910
Penn.-P.C.C& St.L.Cn.g.4»«sA1940
Do
do
Series B ...
P .C .& 8.L .-lst,c.,7s.................1900
P itts. F t. W. & C.—1st, 7 s ...1912
2d, 7 s ................................... 1912
3d, 7 s .....................................1912
Ch.St.L.&P.—1st,c o n .5 s,g ...1932
Clev. & P .—Cons., s. fd., 7 s .1900
Gen. 4%s, g., “ A” .............1942
St. L .V .& T . H .—1 s t,6s., 78.1897
1898
2d, 7 s......... ................
2d, g uar., 7 s .,........
.1898
Gd. R.&I. E x t.—1 st,4 %s, G. g. 1941
Peo.<fcE.-Ind.B.&W .-lst,pf.78.1900
Ohio Ind.&W.—I s tp r e f .5 s ..l9 3 8
P eoria & P ek. U nion—1st, 6s .1921
2d m ortg., 4»«s......
...1 9 2 1
P itts. Cleve. < Tol.—1st, 6s. . . 1922
fe
P itts. & L. E r.—2d g. 5s, “ A” . 1928
P itts. Mc. K. & Y.—1st 6 s___ 1932
P itts. P ainsv. & F .—1st, 5 s ... 1916
P itts. Shen. & L .E .—ls t,g .,5 s .l9 4 0
P itts. & W e s t—M. 5 s ,g .1891-1941
P itts.Y ’g st’n&A.—1st, 5 s,con.l927
P res. & Ariz. Cent.—1st, 6s, g.1916
1916
2d incom e 6 s ................
Rich. & D anv.—D eb en tu re 6s. 1927
E quip. M. s. f., g., 5 s....... ...1 9 0 9
A tl. & C har.—1st, p re f., 7 s .. 1897
do.
Incom e, 6 » .... 1900
Wash.O.&W.—lst,4 s,g u .cy .,1 9 2 4
R ioG r. Ju n e .—1st, gu., g., 58.1938
Rio G rande So.—1st, g., 5 s ... 1940
St. Jo s. & Gr. Is.—2d in c ......... 1925
K an. C. & O m aha—1st, 5 s ..1927
St. L ouis A. & T. H .—
Bellev. & So. 111.—1st, 8 s ...1 8 9 6
Bellev. & Car.—1st, 6s..........1923
Chi.St.L.& Pad.—lst,g d .g .5 s 1917
St. L ouis So.—1st, gd. g. 4 s. 1931
do
2d in c o m e ,5 s .1931
Car. & Shaw t.—1st g. 4 s___1932
St. L. & S. F .—2d 6s, g., ci. A . 1906
E quip., 7 s ............................1 8 9 5
G eneral 5 s...........................1 9 3 1
1st, tru st, gold, 5s..............1 9 8 7
Consol, guar., 4 s . . . ...............1990
K an. City & 8.—1st, 6s, g ...l 9 1 6
F t. S. & V. B. Bg. - 1 s t , 6 s. . . 1910
K ansas M idland—1st, 4s, g.1937
St. P a u l & D uluth—1 s t,5 s . . . . 1931
2d m ortgage 5s............ ..........1917
St. P a u l M inn & M.—1st, 7 s ..1909
2d m ort., 6 s............................. 1909
M inneap. Union—1st, 6 s ___1922
M ont. Cen.—1st, g u ar., 6 s .. 1937
1 st guar. g. 5 s ......................... 1937
E ast. M inn., 1 st div. 1 st 5 s .1908
W ilm ar& SiouxF.—1st, g, 5s. 193 s
San F ra n . & N. P .—1st, g., 5s. 1019
South C arolina—
2d, 6 s .......1 9 3 1
Incom e, 6 s . . . . . . . ........ ......1 9 3 1
So. Pao. Coast—1st, g u a r .,4 s .1937
Xer.RK. As’u of S t.L .-lst,4 % s.l9 3 9
T exas & New O rleans—1st,7 s .1905
S abine D ivision, 1st, 6 s .....1 9 1 2
Consol. 5s, g . . . . . . . . . . . . . . . . . 1 9 4 3
Tex. & P ac., E . D.—1 st, g. 63.1905
T hird A venue (N.Y).—1 st 5s, 1937
Tol. A. A. & Cad.—6 s i ...„ ........ 1917
Toledo A. A. & G’d T r.—g. 6s. 1921
Tol. A. A. & Mt. P i.—6 s ...........1919
Toi. A. A. & N. M.—5s, g......... 1940
T.&O.C.—Kan.&ML, M ort. 4 s.l9 9 0
U lster & D el.—1st, con.,6.,5s. 1928
Union Pacific—1st, 6 s............1 8 9 6
1st, 6 s .............................. .....1 8 9 7
1st, 6 s . . . ...............................1 8 9 8
C ollateral T ru st, 6 s...............1908
C ollateral T rust, 5 s......... ...1 9 0 7
K ansas Pacific—1 st 6s, g ...l 8 9 5
1st, 6s, g ...................... ......1 8 9 6
C. B r. U. V - F . o., 7 s ...........1895
A tch. Col. & P ao.—1st, 6 s ... 1905
A teh. J . C6. & W.—1st, 6 s ... 1905
U .P . L in. & Col.—1st, g., 5s. 1918
O reg.S.L .& U .N .,col.trst.,5s.l919
U ta h & N orth.—1st, 7s.........1908
Gold, 5 s ...................
1926
U ta h S outhern—Gen., 7s ..1 9 0 9
E xtern, 1st, 7 s ...............1 9 0 9
Valley R ’y Co. of O.—Con. 6s. 1921
W abash—D ebenture, Ser. A .. 1939
D et. & Chic. E x t. 1st, 5s, g ..l9 4 0
No Missouri—1st, 7 s ........1 8 9 5
St L.K.C.&N.—R.E.&RR.7S.1895
S t.C harles B r’ge—1st,6 s... 1908
W est Va. C. & P itts.—1st, 6 s.l9 1 1
W heei.&L.E.—1st. 5s, g o ld ...1 9 2 6
E x te n sio n & Im p, g., 5s....... 1930

Bid.

Ash;

81»«
81»«
*102»« 106
118%

76

85-

*75W

82»®,
50
103% 104»®
103% 104
13;
128

111

118%
107% 108%.
107
103%
100

*67

130

99
86 »®
80
55

106

"9*7*

*70

108

112%

*82
*41

43

101%
110%

116

117%

110
100 %

101

101%
luz*«
91
65
*30
73%
102%
105%
106
107
84
60
104%
105%
*35

118%
73
'7 4
74
103%
105%
106%
107%
104%
•—
40
45

33
95
90
90
100

103%

102 %

104
103

U n l i s t e d B o n d s . —See 3d page p reo ed iu g . J

%

THE CHRONICLE

596

R oa d s.

In v e stm e n t
AND

R a ilr o a d

I n te llig e n c e .

The I n v e s t o r s ’ S u p p l e m e n t , a pam phlet o f 160 pages, con­
tains extended tables o f the Stocks and Bonds o f Railroads,
and other Companies, w ith remarks and statistics concerning
the income, financial status, etc., o f each Company. I t is
published on the last Saturday o f every other month—v iz.,
January, March, May, July, September arid November, and is
furnished w ithout extra charge to all regular subscribers o f
the C h r o n i c l e .
Zhe General Quotations of Stocks and Bonds, occupying six
pages of the C h r o n i c l e , are published on the t h ir d S a tu r ­
d a y of each month.

RAILROAD EARNINGS.
Latest E a rn in g s Reported.
R oa d s.

Week or Mo

A d iro n d ack ----- J u l y .............
A la. M id la n d ... A u g u st___
A llegheny V al. A u g u st—
A rk. M id la n d ... J u ly ...........
A toh.T.A S. F e . 3d w k Sep.
S t L. & San F. 3d w k Sep,
A tlan tieA P a c 3d w k Sep.
CoL M idland.. 3d w k Sep.
▲ g g .to tal... 3d w k Sep.
Afclanta A C har.a J u n e .........
A tla n ta A W. P - J u l y ...........
A tlan . & D anv.. 3d w k Sep.
A u stin & N’w est A u g u st___
B .A O .EastLines A u g u st___
W estern Lines A u g u st___
T o ta l............ A ugust ,.
BaLAO.Sou’w.d 4 th w kS ep
B a th A H am ’n ds J u l y ..........
B ir. A A tla n tic .. A u g u st_
_
B rooklyn E le v .. Wk Sep.29
B uff.Roch.A Pitt 4 th w kS ep
Bur.C .R ap. & N . A u g u st_
_
C am den & A tl.. A ugust___
O anadianPacifie 4 th w kSep
Oar.Oum.QACh. J u n e .........
O ar.M id lan d .... A u g u st_
_
C e n tral of N. J .. A u g u st_
_
C en tral Pacific.. J u l y ...........
C e n tral o f 8. C .. J u n e .........
Ohar.Cin.AChic. A u g u s t.. . .
Q harlest’n&Sav A u g u st___
O har.8um .A N o. A u g u s t....
O hat’q u a L a k e .. J u l y . . . . . . .
O heraw .A D arl.. J u l y ...........
Ohes.A O h io .... 4 th w kS ep
Ches. O. & So.W. J u l y ...........
Chic. B u r. A N o. A u g u st___
CSiio. B u r. A Q.. A ugust___
Chic. A E a st. I l l . 4 th w k Sep
Chicago A E rie . A ugust___
Ohio. G t W est’n 3d w k Sep.
Ohio.M il.A 8t.Pf 4 th w kS ep
Ohio.AN’th w ’n / A u g u st_
_
Ohic.Peo.AS.L... 4 th w kS ep
Ohio.R’k I . A P . . S eptem h’r.
_
Ohio,8t.P.M.AO. A u g u st_
Chic. A W. Mich. 3d w k Sep.
Gin. Ga. A P orte. A u g u st_
_
Cin. A K en t. Sou J u ly ...........
(An. J a c k A Mao. 3d w k Sep.
Cfin.N. O. A T .P . A u g u st_
_
Ala. G t. South. A u g u st___
N. Orl. A N. E . A u g u st___
A la. A Vicksb. A u g u st . . .
V icks.Sh. A P . A u g u s t....
E rlan g er Syst. A u g u st_
_
CSn. P o rts . A V.. A u g u st_
_
CoL A M aysv. A u g u st_
_
Olev. AkronACo. 3d w k Sep,
Cloy. Can. A So. 2d w k A ug
CL Gin.Oh. AS.L. 3d w k Sep
Peo. A E a s t’n. A ugust__
CoL N ewb. A L. J u n e ........
OoL H . V. A Tol. A u g u st_
_
OoLSand’y A B . 4 th w kS ep
Oolusa A L a k e .. A u g u st_
_
C ry sta l...............A u g u st___
Otunb’ld V alley J u ly ..........
C u rre n t R iv e r.. 3d w k Sep
D eny. A Rio Gr. 4 th w kS ep
D e tL a n s ’gA N o. 3d w k Sep,
DuluthS.S.AAtl. 2d w k Sep
D u lu th & W inn.. M ay...........
E lg in . JoL A E ast A u g u st_
_
E u re k a Springs. J u ly _ . ..
_
E v an s A ln d ’plib 3d w k Sep,
E v an s. A R ic h .. 3d w k Sep,
E v au sv . A T. H. 3d w k Sep,
F itc h b u rg .......... J u ly ............
F lin t A P.M arq.. 3d w k Sep
F lo ren ce.............J u n e ..........
F ld .C n t. A Penin A u g u st__
F t . W. A Rio G r A u g u st_
_
^vfiads. A A tt. U .. A u g u st_
_
G eorgia R R .......3d w k Sep.
G a. C an la A No A u g u st_
_
Geo. So. A F l a ... A ugust_
_
G eorget’n AW ’n J u n e . . . . . .
G r. R ap. A ln d .. 3d w k Sep.
Cin.JR.AFt.W .!3d w k Sep.
T rav erse C ity . ¡3d w k Sep.
Mus. G. R. A I. 3d w k Sep.
T o ta l all lines. 3d w k Sep.
G ran d T ro n k ...» WkSep. 22




1894.
13.578
41,168
204,514
5,6 U
570,392
128,539
53,819
31,360
784,110
46,902
31,558
11.579
22,865
,686,244
452,117
,138,361
173,819
2,198
1,811
31,023
83,098
319.955
136,379
582.000
5,028
4,557
,155,847
340,260
5,657
11,847
36,394
8,400
4,463
4,733
221,230
165,359
174,297
,934,143
76,970
210,745
86,516
854,520
,750,553
22,959
,522,481
612,503
33,837
6.519
834
11,595
292.000
119.000
83.000
43.000
41.000
578.000
24,724
1,278
15,248
17,020
293,108
171.784
4,461
340,536
32,641
5,000
772
66,013
2,723
188.000
24,321
38,711
8,773
96,761
5,407
5,573
2,416
23.769
588,535
50,410
11,441
140,160
18,676
602
26,068
50,069
70.593
2,626
36,181
8,156
717
2,171
4 7 ,2 2 1
404,948

1893.

J a n . 1 to L atest Date.
1894.

1893.

101,008
94,407
14,583
309,240
351,146
29,926
187,601 1,354,967 1,713,791
42,783
44,333
4.499
737,283
139.720
59,852
29,619
966,474 26,383,775 33,790,013
375,101
320,884
53,309
234,518
258,342
29,710
10,183
141,308
156,815
17,018
,656,030 10,677,682 12,599,648
570,967 2.906,076 4,159,130
,226,997 13,583,758 16.758.778
173.496 4,579,215 5,025,069
12,756
11,632
2.373
20,709
14.224
1.474
1,283,094 1,383,017
30,473
87,294 1,926,877 2,574,969
310,005 2,306,130 2.469.636
640,083
670.526
174,596
605.000 13,069,930 15,115,214
22,783
28,315
3,568
35.235
34,450
3,937
.281.944 8,032,096 9,700,280
6,962,065 8,001,349
,249,578
54,954
47,438
7,649
98.829
103,793
10,162
450,849
438,050
29,718
100,289
96,043
7.500
32,896
23,876
6,030
52,525
45,323
4,276
240,988 6,650,476 7,547,986
1,342,521
180,916 1,123,271
169,305 1,075,860 1,521,443
,076,396 20,550,978 25.001.779
100,756 2,359,361 3,313,985
296,467 1,444,868 2.013.637
120.721 2,532,972 3,159,803
,028,367 20,759,953 24,235,113
,602,676 18,925,541 21,345,018
757,743
660,225
14,650
,118.588 12,120,490 14,457,968
4,984,277
561,803 4,562,647
41,095 1,116,314 1,343,902
45,157
44,076
7,033
7,897
5,801
782
490,249
452,333
13,653
311,688 2.198.000 2,650,889
872.000 1,130,715
121,726
868,726
703.000
79.000
338,846
313.000
35.000
321,552
315.000
38.000
585,414 4.401.000 5,310,728
178,822
162,308
25,995
9,747
7,150
1,595
716,833
621,041
17,638
16,512
293,059 8,896,064 9,950,345
159,265 1,012,564 1,116,16 ¿
33,611
42,224
3,771
216,361 1,661,268 2,170,126
31,543
16,755
13,467
4,200
10,322
6,696
1,071
502,647
417,813
75,573
83,956
88,632
1,791
183.000 4,771,138 5,829,774
859,124
761,956
23,377
41.514 1,179,691 1,556,834
106,510
50,486
25,345
597,975
653,199
72,057
48,515
39,060
6,607
265,724
199,771
8,347
97,661
76,833
1,666
940,538
790,489
34,027
3,764,463 4,308,841
644,711
49,108 1,734,217 2,058,671
80,175
88,053
9,911
91,801 1,618,586 1,072,365
230,732
152,015
18,168
6,793
4,401
786
910,720
863,305
25,029
309,762
423,776
35,826
532,199
568,622
52,66 :
23,417
18,394
3,976
1,637,296
42,121 1,352,823
325,898
288,186
7,052
42,285
35,005
595
104,378
74,369
2,291
2,109,856
52,059 1,750,389
437,079 12,717,795 14,198,149

[VOL. L1X,
L atest E a rn in g s Reported,
WeekorMo\

1894.

1893.

jJ a n . 1 to Latest Date.

1894.
1893.
G r.T runk (Con.)
54,199 122,877 1,925,196 2,758,037
Chic. A Gr. Tr. WkSep. 15
25,244
25,774
D etG r.H .A M W kSep. 15
693,607
786,520
2,445
2,097
Gr. P.W al. A Br. Ju n e . . . . . .
10,865
11,454
G reat N orth’n
8t. I . M. A M A u g u st_ 1,086,101 959,280 6,353,218 7,975,307
_
139,318 107,699
648,639
E ast, of M inn A u g u st_
_
713,593
39,253
137,930
988,609
M ontana Cent A u g u st_
_
756,895
T ot. system . A u g u st_ 1,363.349 1,156,232 7,980,466 9,445,795
_
3,616
3,508
26,874
G ulf A Chicago. A u g u st_
_
25,962
419
308
3,915
H a rts v i lle ......... J u n e ..........
5,860
3,784
3,849
Hoos.Tun.AW il. A u g u st_
_
32,500
29,100
Hous. E.&W.Tex A u g u st_
_
10,000
12,008
74,800
H um est’nAShen A u g u st_
_
83,442
Illinois C entral. A ugust_ 1,477,757 1,908,856 11,207,200 13,599,422
_
9,716
10,757
238,968
Ind.D eo.A West. 3d w k Aug
287,914
89.065 2,101,890 2,726,995
90,560
In .A G t. N orth’n 3d w k Sep.
39,242 1,680,177 1.517,683
41,101
tln tero o . (Mex.) VfcSep. 15
33,807
37,498
Iow a C en tral. 4 th w kS ep
3.792
1.630
26.364
Iron R ailw ay. A u g u st_
_
26,036
32,546
35,428
545,901
Ja ck . T. A K. W A u g u st_
_
557,019
8.953
8,080
270,482
KanawhaAM icb 4 th w k Sep
256,691
5,190
7,075
210,375
Kan.C. Cl. A 8p. 3d w k Sep.
185,145
65,370
76.645 2,668,339 3,035,444
K.C.F.S.AM em 3d w kS ep.
17;973
17,259
705,623
K.C.M em .ABir 3d wk Sep.
749.914
8.031
3.958
252,371
K. C. P itts. A G. 3d w k Sep.
106,474
4,960
6,889
194,227
Kan.C. Sub.Belt 3d w k Sep.
178,012
24,889
20,279
195,216
_
Kan.C. N W . . . . A ugust_
205,699
1,054
1,093
7,763
K an.C .A Beat- A u g u st_
_
8,962
9,669
7,6 il
256.818
K eokuk A W est 2d wk Sep.
268.165
7,591
6,471
46,413
_
L. E rie All. A So. A ugust_
52,075
86.959
87.98 ~ 2,447.705 2,695,271
L. E rie A W est.. 4 th wk Sep
34,041
52.195
283,884
Lehigh A H u d .. Septem b’r
418,534
420,532 433,804 1,784,169 1,849,777
Long Isla n d _ J u n e ..........
_
36.070
24,530
176,418
Louis.A Mo.Riv J u ly ..........
239,858
39,710
45,767 1,045.472 1,286,211
Louis.Ev.ASt.L- 4 th w kS ep
Louisv.ANashv. 4 th w kS ep 511,355 476.987 14,013,233 15,416,114
74.0a 1 110,623 2,065,701 2,608.481
Louis.N. A. A Cb. 4 th w k Sep
12,623 . 311,857
11.539
L o u .3 tL .A T ex 4 th w kS ep
422.165
22,090
21,211
398,627
450,599
Louisv. S o u th ... 4thw k Aug
4,649
5,957
49,071
M acon A B irin.. A u g u st_
_
43,927
898
5,630
981
Man ches. A A.ug. J u n e .........
7,617
232
9,703
51.319
70,470
M a n istiq u e .. . . A u g u st_
_
876,783
22.107
17,908
972,278
MemphisAChas. 3d w k Sep.
¡M exican C ent. 4 th w kSep 176,979 176,761 6,203,123 5,829,976
148,579 141,000 1,380,203 1,358,612
M exican I n te r ’l A u g u st_
_
76,173 3,017,841 3,073,157
76,401
(Mex. N ational. 3d wk Sep.
371,111
54,118
Mex. N o rth e rn . J u ly ...........
54.746 2,299,060 2.267.109
59,027
tM exican R ’way WkSep. 22
216,119
9,413
7,740
154,612
M exican So— 2d w k Sep
M inneap.ASt.L. A u g u s t.... 161,120 130,818 1,056,765 1,130.551
332.653 6,792,220 7,025,293
Mo.Kan. A T e x .. 4 th w k Sep 381,104
Mo.Pao.AIronM 4 th w kS ep 677.000 665,000 16,041,987 18,366,724
5,320
184,411
7,419
198,677
Mobile A B irm . 3d wk Sep.
Mobile A O hio.. Sepeem b'r. 248,481 225,394 2,282,943 2,350,208
65,998
748,471
100.000
673,758
Mont. AM ex.Gli A u g u st_
_
392,652 350,932 2,994,865 3,219,978
Nash.Ch.A St.L. A u g u st_
_
16,533
2,330
2,112
28,626
N evada C entral A ugust___
60,871
78.862
2,471
1.990
NewOrLASo’n .. 4 th wk Aug
N .Y .C .A H .R---- A u g u st___ 3,894,468 4,063,912 26,690,913 30,660,957
N. Y .L E .& W . A u g u st_ 2,274,224 2,523,535 15,673,504 19,526,552
_
569,445 614,097 3,582,366 4,802,330
N .Y ,Pa.A O hio.. A u g u st_
_
95,932 107,880 2,811,336 2.938.110
N. Y. O nt. A W . 4 th w k Sep
947,950
997,043
144,895 164,407
N.Y.Susq. A W .. J u l y ....
294,534
298,424
29,553
28.107
Norf. A S outh’n. A ugust.
N orfolk A W est. 4 th w k Sep 221,776 172,838 7,492,172 7,415,235
331,703
376,747
43,872
37,384
N’th e a s t’n (S.C.) J u n e .........
N orth’n C entral. A u g u st___ 596,724 565,638 3,793,788 4,626,353
611,043 621.849 10,552,740 14,709,914
N orth’n Paoifio. 4 th w kSep
11,761
19,963
1,818
2,321
Oconee A W est. A u g u st___
463,241
557,198
19,876
19,997
Ohio R iver . ....... 2d w k Sep.
10,626
20,638
Ohio S o u th e rn .. 4 th w k Sep
326,889
227,269
39,104
21,548
O m aha A S t.L .. J u ly ___. . .
O regonlm p.C o. J u l y ........... 376,960 357.653 2,182,819 2,174,064
5,739,055 5,471,977 36,746,557 44,909,441
P en n sy lv a n ia ... A u g u s t.—.
672.424
622,904
24,668
22,194
PeoriaD ec. AEv. 4 th w k Sep
370,382
358,776
32,970
39,953
P etersb u rg .........A u g u st___
374,513 454,193 2,072,456 3,004,232
P hila. A E r ie ... J u ly ....... ..
1,783,666 1,896,267 12,872,233 14,838,581
P hila. A R ead’g. A ugust___
C o a lA Ir.C o ... A u g u st...'. 1.589,386 1,701,185 13,455,099 14.704,593
T otalbothC os. A ugust___ 3,373,052 3,597,452 26,327,332 29,543,174
25,125
21,037
2,459
2,856
P itts. M ar. A Ch. A ugust_
_
314,252
268,067
60,715
58,283
P ittS h e n .A L .E . A u g u st_
_
987,540 1,119,993
P ittsb . A W est.. S eptem b’r. 148,589 133,614
633,347
482,432
78,183
68,054
P itts. Cl. A Tol. S eptem b’r.
248,035
231,561
30,762
37.489
P itts . P a. A F . S eptem b’r.
67,914 1,702,103 2,012,665
75,835
T otal system .. 4 th w kS ep
979,576
695,864
95,258
133,200
Pitt.Y oung.A A . A u g u st_
_
181,000
174,357
16,106
16,137
P t. Ro v al A Aug. A ugust
158,635
174,414
17,305
25,726
Pt.Roy.AW .Car. J u n e .........
179,679
149,584
24,545
20,948
Quincy O.AK.C. A u g u st_
_
476,926
417,417
54,454
53,576
R ieh.F r’ksb.A P. J u l y ...........
236,826
224,513
23,136
27,022
Rich. A P etersb . A u g u s t.. . .
375,304
267,947
7,809
11,059
Rio Gr. South’n . 4 th w kS ep
41,900 1,439,785 1,599,567
61,650
Rio G r.W est’n .. 3d w k Sep.
85,015
77,771
11,634
12,112
Sag.TuscolaAH. A u g u st—
55,581
49,245
8.452
7,249
Sag.Val. A St. L.| J u ly ..........
926,456 1,127,517
30,810
28.540
St. L. A. A T. H. 3d w k Sep.
17,867
17,298
1,951
2,082
St.L .K en’etASo. A ugust—
3,427,954
St.L.SouthW ’m . 4 th w k S ep 156.300 122,900 3,017,100 1,113,680
895.806
St. P a u l A D ul’tb A ugust . . . 145,110 134,389
961,347 1,097,528
165,884 124,672
S an A n t.« A .P . A u g u st—
590,631
587,941
16,591
19,025
S .F ran.A N .P ac. 3d w k Sep.
328,630
273,819
30,828
33,374
Sav. Am. A Mon. A u g u st—
2,081,209
S av.F ia. A W est A ugust . . . . 249,137 218,125 2,098,386
179,481
177,234
4,216
6,313
Sher.Bhrev.A So 2d wk Sep.
39,195
25,065
8,220
8,000
S ilv e r to n ........ A u g u s t....
So. Pacific Co.—
2,484,510
G al.H ar. A S. A J u ly ........... 301,320 314,809 2,191,598
719,471
592.780
70,188
76,936
L ouis’a W e s t.. A u g u st—
436,434 342,302 3,452,557 3,322,111
M organ’sLAT. A u g u st—
150,504
149,237
17,766
26,882
N.Y/T. A M ex. A u g u st—
839,127 1,080,859
T ex. AN. O rl.. J u ly ........... 104,332 147,618
8,224,976
1.007.374 832,808 7,751,867 22,957,937
A tlan ticsy s.6 . A u g u s t....
P acific system A u g u st---- 3,127,000 3,184,602 19,811,520 31182,913
T o ta l of a ll.. A u g u st— 4.134.374 4,017,410 27,563,387 6,073,109
So. P ac. of Gal J u l y . . . ---- 507,039 968,328 5,028,379 1,206,827
So.Pac.of A riz J u l y .------- 118,130 148,689 1,117,110
568,384
510,501
66,842
54,735
So.Pac.ofN.M . J u ly ...........
114,921
146,5 0
16,830
19,231
S outh B o u n d ... J u n e . . . . . .
679,049
587,639
81,195
68,000
S outh Car. A G a. J u n e .........
13,431
6,212
596
603
SouthA N or.C ar. J u n e .........
55,175
64,501
9,251
9,443
S par.U n. A Col. J u n e . . . . . .
725,976
750,092
122,701
131,508
S ta te n Isl. R. T. A u g u st—
828,699
593,236
86,092
67,681
S um m itB ranoh. A u g u st—
523,438 « 709,085
69,792
55.540
fcof7 nQA.
L ykens V alley A ugust . . .
123,221 155,834 1,116,674
T ot’lb o th Co’s A u g u st—

‘O c t o b e r

TH E CHRONICLE.

6, 1894,]
L atest E a rn in g s Reported.

ROADS.

Week or Mo

1894.

1893.

J a n . 1 to L atest Date.
1894.

3d week of September.

697
j

1894.

1893.
$
22,107
59,027
7.419
16,420
23,540
19,025
2> ,231
75,000

1893.
$
17.908
54,746
5,320
27,687
30.810
16,591
25,531
6 i,9 0 0

Increase.
$
4,199
4,281
2,099

Decrease.

$
M emphis & C h arlesto n ..
$
Southern Ry —
$
M exican R a ilw a y ... . . . . .
Rich. & Dan.
Mobile & B irm in g h a m ...
Char C. & A.
Col.A Gr’n v 3d w k Sep. 349,919 329,116 12,183,625 12,808,909 3t. Jo sep h & Gd. Islan d ..
1 Ï . Ï 6T
St. Louis A lt. & T. H aute.
E.T.Va.&G.
2,270
8an Francisco & No. Pac.
LouisV. So..
*2*434
Toledo P eoria & W est’n . .
Georgia P a c ,
'*5 ,3 0 0
11,062
9,385
BtonyCL&OMt.. J u ly ...........
22,278
25,922 W estern N. Y. & P e n n ...
‘*6,lb*>
Texas & Pacific. 4 th w kS ep 225,455 217,832 4,491,267 4,796,292
_
rex.S.VaI&N.W A u g u st_
T otal ,73 r o a d s ) .... . .
4,244
3,647
26,854
35,111
7,3J1,796 7,635,085
315,972
539,261
26,409
Tol.A.A.&No.M. 14th w k Sep
29,289
787,147
776,744 N* decrease (3*19 p. o J
243,289'
60.499
ToL&OhioCent. 4 th w k Sep
62,439 1,279,990 1,473,094
20,231
25,531
623,052
690,623
Toi. P. & W est.. 3d wk Sep.
For the month of September 41 roads (all that have furnished
48,070
47,919 1,129,720 1,345,469 statements as yet) show aggregate results as follows:
Tol. St. L.&K. G. ¡4th w kS ep
54,613
49,208
224,104
Ulster & D el— J u l y —
235,061
Rnion Pacific—
M onth o f September.
1,098,125 1,338,113 7,663,835 9,844,103
1894.
Un. Pac. R R .. J u l y . ...
1893.
Decrease. Per Gent.
328,446 480,140 2,679,353 3,679,657
Or.S.L. & U. N J u l y ....... .
55,790
8t.Jos.&Gd.l8. J u ly —
68,956
466,346
$
576,945
$
$
Kan.C.&Om. J u l y . ...
7,138
11,805
65,794
102,066 G ross earn in g s (41 roads) 25,790,811 26,840,210 1,049,399
3 9T
16,420
Tot.St.J.&G.I. 3d w k Sep.
27,687
644,416
842,037
30,314
30,261
Cent.ßr— . . . J u l y . ...
241,419
277,949
Ach.Col.&P. ) J u ly ...........
25,745
30,001
2L8.217
311,661 amount of $1,049,399, or 3-91 per cent.
Ach.J.C.& W 5
11,642
63,082
Montana U n .. 'J u ly ...........
197,974
480,258
Net Earnings monthly to Latest Dates.—The table fol­
Mau.Al.&Bur. J u ly ...........
2,752
2,999
23,787
23,970
Gr*d total. *c J u l y .......... 1,725,337 2,158,627 12,701,700 16,739,624 lowing shows the net earnings reported this week. A full
97,677 337,961 1,228,091 1,855,510 detailed statement, including ail roads from which monthly
Or.Ry. & N.Go J u n e .........
U. Pao. D .& G . J u ly ........... 184,103 271,601 1,491,577 2,261,625 returns can be obtained, is given once a month in these
74,044 120,174
Ft W’th &D.C. J u n e .........
513,654
760,866 columns, and the latest statement of this kind will be found
Wabash.............. 4 th w k Sep 331,514 399,212 8,404,459 10,225,375
15,188
13,644
Waco « Northw. J u n e ..¿ ...
fe
8 2 ,4 ’5
95,625 in the Chronicle of September 22. The next will appear in
W estJersey ..... A u g u st___ 230,791 234, L26 1,093,673 1,208,527 the issue of October 20, 1894.
_
102,979
W.V.Cen.& P itts A u g u st_
84,276
648,767
Gross E arnings.- —>.---- -Net E arning s.786,639
30,345
West Va. & P itts. J u n e .........
42,556
1894.
178,026
194,315
1893.
1894.
1893.
33,974
Western of A l a . J u ly ...........
Roads.
33,157
277,796
$
262,148
146,901 130,483
_
West. Maryland. A u g u st_
8 L0.240
41,168
29,926
799,081 A labam a M idland....A uj
def.609 def.9,387
84.500 2,261,753 2,687,336
>■8,90
West. N.Y. & Pa. 4th w kS ep
Ja n . 1 to Aug. 3 1 ...
351,146
309,240
def. 199 def.19,942
42,175
Wheel. & L. E rie 4 th w k Sep
42,911
889,557 1,140,553 At. T. & 8 . F e ....... .b A u g 2,463,365 2,795,393
517,717
9 9 9 ,7 4 7
Wfi.Chad.&Con. J u n e .........
2 ,1 3 1
2.151
11,485
11,844
Ju ly 1 to Aug. 3 1 ___ 4,084,649 5,559,447
509,336 1,861,72838,640
44,543
Wil. Col. & Aug J u n e .........
239,424
336,415
St. L. & San F r...b A u g .
596,627
531,327
284,628
7,980
Wrightsv.A Ten. J u l y . . . . . . .
209 ,1 6 4
5.194
44,103
42,410
J u ly I to Aug. 3 1 ___ 1,037,070 1,112,875
464.052
4 4 7 ,3 3 4
t Includes M ilw aukee & N o rth ern fo r a ll periods.
A tlan tic & P a o ..bA ug.
259,991
218,475
44,111
16,408
* Figures given do n o t include Oregon Ry. & Nav., Un. P ac. D enver &
J u ly 1 to Aug. 3 1 ....
465,770
485,121
84,555
43,658
Gulf and L eavenw orth T opeka & S outhw estern.
Colorado M idl’d b ..A u g .
146,757
118,676
9,390
7,701
a Figures cover only t h a t p a r t of m ileage lo cated in S outh C arolina
Ju ly 1 to Aug. 31 ___
275,201
234,101
15,316
9 ,9 6 8
b Includes e arn in g s from ferries, eto., not given se p ara te ly , t M exi­
can ourrenov. e In clu des only h alf of dues in which Union Pacific h a s
A ggregate to ta l .b A u g . 3,466,740 3,663,872
855,846 1,233,017
a half in terest.
t In cludes Ohio & M ississippi in b o th y ears.
f la
Ju ly 1 to Aug. 3 1 .... 5,862,690 7,391,514 1,073,309 2,362,678
June, Ju ly an d A ugust Mil. Lake Shore & W est, included fo r 1894, b u t A ustin & N orthw ....A ug.
22,865
17,018
10,0 >1
3,412
not for 1893; fo r p rev ious m onths th is ro ad is in clu d ed in both v ears.
156,815
Ja u . 1 to Aug. ¡11....
141,308
52,752
38,391
B. & O. S o u th w este rn .b —
Latest Gross Earnings by Weeks.—The latest weekly earn
Nov. 1 to J u n e 3 0 .... 3,959,735 4,429,131 1,397,671 1,431,807
ing8 in the foregoing are separately summed up as follows:
C anadian P acifto .a.. Aug. 1,655,552 1,873,626
575,256
734,736Our preliminary statement of earnings for the fourth week
J a n . 1 to Aug. 3 1 .... 11,310,930 13,'19S.'890 3,335,755 4,494,943
of September covers 35 roads and shows a loss of 2 54 per Chic. Bur. & N orth, b . Aug. 174,297
169,305
68,469
66,685
cent.
J a n . I to A u g .- o l.... 1,075,860 1,521,443
243,629
515,124
Den. & R. G ra n d e .b . Aug.
644,808
434,243
297,351
155,560
J a n . 1 to Aug. 3 1 .... 4,136,238 5,271,574 1,574,913 2,041,492
4th week o f September.
1894.
1893.
Increase. Decree se.
J u ly 1 to Aug. 3 1 ___ 1,083,669
933,139
432,944
266 ,2 7 8
96,761
E lgin Jo lie t & E .a .. Aug.
72,057
$
$
$
27,254
1 9 ,9 3 5
9
Balt. & Ohio S outhw est.
653,199
Ja u . 1 to Aug. 3 i . . . .
597,975
173,818
173,496
173,585
130,201
32c
Brooklyn E lev ated ..........
J u ly 1 to Aug. 3 1 ....
135,895
159,335
31,023
30,47i
550
34,663
31,921
Buffalo Roch. & P ittsb ’g.
83,098
87,294
4.196 F la. Cent. & P e n ......Ju ly
159,150
101,845
31,485
14,301
Canadian Pacific..............
582,000
605,000
23,000
J a n . 1 to Ju ly 31___ 1,478,426
930,534
462, L61
307,726
Chesapeake & O hio.........
221,230
240,988
19.758 Iow a C e n tra l.. . . b ... Aug.
146,433
146,569
49,125
.45,243
Chicago & E ast. Illinois.
: 6,970
100,75t
23,786
J a u . 1 to Aug. 31 . . . 1,087,226 1,18 >,*66
320,373
351,689
Chicago Milw. & St. P aul.
854,520 1,028,367
173,847
273,616
J u ly 1 to Aug. 3 1 ,...
277,811
88.566
84,310
Ohio. P eoria & St. Louis.
22,959
14,65o
8,30 S
Col. Sand’sky & H ocking
402,317
380,762
K an. C .Ft. S.& M .a .. Aug.
32,641
31,543
127,921
82,969
1,098
Denver & Rio G ra n d e ....
188,000
Ja n . 1 to Aug. 3 1 .... 3,099,436 3,436,099
183,090
917,766
738,422
5,000
Iowa C e n tr a l..................
Ju ly 1 to Aug. 3 1 ___
745,235
731,144
33,807
37,498
239,451
121,381
3,691
Kanawha & M ichigan.. . .
8,953
8,080
873
L aclede G as C o ......S e p t.
............................. .
64,794
59,306
Lake E rie dc W e s te rn ...,
86,959
87,982
1,023
Ja n . 1 to Sept. 3 0 . . . .
........................ .........
536,175
519,930
Louisv. E vansv. & St. L
39,710
45.767
6,057 Louisv. & N ashv.b..A ug. 1,692,667 1,523,635
642,330
530,753
Louisville & N ash v ille...
511,355
476,98
34,368
Ja n . 1 to Aug. 3 1 .... 12,339,983 13,9 29,555 4,113,895 4,577,182
Louisville N. A. & Ghio
74,091
110,628
36,537
J u ly 1 to Aug. 3 1 . . . . 3,121,570 3,210,845 1,182,920 1,067.508
Louisville St. L. & T exas.
11,539
12,629
1,084
M exican C en tral..............
176,979
M exican C e n tra l___Aug.
651,567
639,693
176,761
218
179,064
201,790
Mo. Kansas & T exas.......
381,104
332,653
Ja n . 1 to Aug. 3 1 ---- 5,581,329 5,279,189 1,774,179 1,762,475
48,451
Mo. Pacific & Iro n M t___
677,000
665,000
12,00o
141,000
Mex. In tern atio n al..A u g . 148,579
44,790
43,790
New York O nt. & West’n .
95,932
107,880
11,948
J a n . 1 to Aug. 3 1 .... 1,380,203 1,353,612
569,495
406,263
Norfolk & W e s te rn ......
221,776
172,838
48,938
M exican N a tio n a l. .. Aug.
348,222
319,029 *15 >,762 *127,682
Northern P acific..............
611,043
621.8 49
10,806
J a n . 1 to Aug. 3 1 .... 2,788,103 2,852,956 *1,163, 64 *1,041,114
Ohio Southern. ..............
20,638
10,626
10.012
Peoria Dec. & E v an sv __
22.194
24,668
378,871
390,808
133,814
130,203
2,474 N. Y. O nt. & W est.a..A ug.
Pittsburg & W estern.......
7 5 ,»3 d
67,914
7,921
J a n . 1 to Aug. 3 1 .... 2,495,613 2,594,880
721,019
635,004
Rio Grande S o u th e rn ....
11,059
7,809
3,250
J u ly 1 to Aug. 3 1 . . . .
748,652
788,899
256,426
266 ,7 7 4
St. Louis S o u th w estern ..
156,300
122,900
33,400
Norfolk & W e s t.a ... Aug.
959,030
818,888
237,909
236,265
Texas & P a c i f i c ..........
225,455
217,832
7,623
Ja n . 1 to Aug. 3 1 ___ 6,657,282 6,698,218 l,6 9 9 ,u 6 2 1,790,549
Tol.Ann Arbor &N.M ich.
26,409
29,289
2,880 Rio G rande W est.b.. Aug. 193,628
182.439
52,761
7 1 ,0 0 9
Toledo & Ohio C e n tra l...
60,49 >
62,439
1,940
J a u . 1 to Aug. 3 1 . . . . 1,300,035 1,491,237
36 2,532
522,995
Tol. St. L. & K an. C ity...
48,070
47,919
151
341,677
380,355
J u ly l to Aug. 3 1 ....
97,474
156,034
W abash.........................
331,514
399,212
67,698
Western N. Y. & P e n n ..
88,900
165,884
124,672
84,500
4,40o
S an A nt. & A ran. P ..A ug,
69,315
4,000
Wheeling & L ake E r ie ..
42,175
42,911
961,347 1,097,528
Ja n . 1 to Aug. 3 1 ....
122,717
37,054
7a6
249,137
218,L25
42,627
18,415
Sav. Fla. & W est. .b. Aug.
6,305,556 6,470,132
226,885
391,461
679,691
664,294
J a n . 1 to A u g .,3 1 .... 2,098,386 2,081.209
Net decrease (2*54 p .o .)..
508,474
Ju ly 1 to Aug. 3 1 ....
454,018
93,644
49,223
164.576
Pa
u g . 4,134,374 4,017,410 1,601,129 .1,434,026
1 September our final statement covers S outh.J a u .c ific .....b .A34.-27,563,387 31,182,913 8,7 í 0,725 10,443,238
1 to Aug.
9 per cent loss in the aggregate.
55,6 0 0
38,700
Tenn. Coal I. & RR .tA ug.
361,990
Ja n . 1 to Aug. 3 1 ....
535.000
3d week o f September.
1394.
1893.
Increase. Deerei se.
290,709
Feb. 1 t o A u g . 3 1 ....
469.000
149,543
239,178
109,341
Toledo & O. C ent. b .. Aug.
43,943
$
$
$
$
3 7 0 ,/50
421,317
J a n . 1 to Aug. 3 i ---- 1,078,933 1,232,272
Previously re p ’d (48 r ’dsi 5,869,209 5,929,440
301,067
361,298
409,064
315,011
171,617
Ju ly 1 to Aug. 3 1 ---108,579
Atoh. Top. & S an ta F o ­
570,392
737,28 i
166,891
326,215
249,021
132,147
ot. Louis & San F ra n ..
7 4 ,2 7 3
123,539
139,720
11,181 West.N. Y.& P enn. b.. Aug.
583,923
6 7 0 ,4 2 0
Atlantic & Pacific........
Ja u . 1 to Aug. 3 1 ---- 1,951,658 2,399,816
53,819
59,852
6*033
635,265
691,336
259,435
146,394
Colorado M idland....... .
J u ly 1 to Aug. 3 1 ---31.360
29,619
1,741
Atlantic &D anville..........
11,579
10.183
1,396
a N et e arn in g s n ere g iv en a re a f te r deduocing tax es,
Chic. Peoria < St. L ouis.
&
20,827
14.65o
6,177
b Net earn in g s h ere given are b efore d ed u ctin g tax es.
Oleve. Cin. Chic. & St. L ..
293,108
293,059
49
* A fter d educting o th e r ex p en d itu res fo r repairs, replacem ents a n d
Col. Sand’sky & H ocking.
26,089
19,229
6,860
g en eral expenses, n e t incom e applicable to in te re st on bonds in A u g u st
Current R iv er................ .
r w as $30,163, a g a in s t $79,259 la s t y ear, a n d fo r eig h t m outh s to-«>
2,723
1,791
932
Evansv. & In d ian ap o lis..
5,573
8,347
2,774 f A ugust 31 $577,743, a g a in st $574,191 la s t y ear. M exican dollars ara£.
Evansville & R ichm ond..
2,416
1,666
750
tre a te d as equivalent! to 80 oents U nited S tates m oney, and all d ep re­
Evansv. & T erre H a u te ..
23,769
34,027
ÌÒ,25*8 ‘ ciation beyond 20 p er c e n t is ch arg ed ia th e aoove item s. Adding
Kansas City Clin. & S p r..
7,075
5,190
1,885
...........1 earn in g s received from F ed eral g o v ern m en t to ta l n e t available f o r .
Kan. City F t. S. < M em ..
te
___
65,370
76,645
11,275 in te re st fo r eight m onths in M exican onrrenoy On th e 80 oents b a d s '
Kan. c. Mem. & B irin .. . .
17,259
17,973
714 ; w as <*655,416, ag ain st $ >74,191 la s t year.
Kau. City P ittsb . & G ulf.
8,031
3,958
4,073
...........i
t Close of strik e, special expenses in c u rre d in clean in g up, pum p in g
Kan. City Sub. B e l t .......
«,889]
4,960
1,929
out, firing ovens, eto. ____
...




598

THE

CHRONICLE,

[V o l .

L ix.

Interest Charges and Surplus.—The following roads, in in good condition during the ensuing year, it will be necessarv
addition to their gross and net earnings given in the foregoing, to purdhase fifteen track miles of new heavy steel rails '“ft
also report charges for interest, &c., with the surplus or deficit pounds to the yard preferred but not less than 63 pounds’ tn
above or below those charges.
be laid principally on the Arkansas division. The ^ood 56°
-Inter't, rentals, die.— —Bai, o f Net E a rn s.— pound rail taken up and replaced by this new rail canbe used
,
1894.
1893.
1894.
1893
to good advantage in other parts of the main line to replace
Baads.
$
$
$
defective
D e n v e r & Rio G r’d e. Aug.
203,127
201,130
94,224 def.45,570 rails,” No new rail was purchased during the fiscal
J u ly 1 to Aug. 3 1 _
_
year 8
407,066
403,001
25,378 d M 3 « ,7 2 ended June 30, 1894. Nutnb<r of cross ties placed in
S a n . C. F t. S. & M ... Aug.
109,803
112,676
18.118 def.29,707 track. 588,156 in year 1893-94, against 548,779 in 1892-93,
J u ly 1 to Aug. 31 ___
218,074
221,574
12,377 df.100,193
The trestles on the entire system June 30, 1894, aggregated
T e n n CoalI.<fe R R .. Aug.
59,700
69,300 def.23,000 def.4,700 lineal feet (48*77 miles), of which 31,052 feet were re­
257,487
Feb. 1 to Aug. 3 1 ___
417,900
422,300 df. 127,200 def.46,9 üO built in the late fiscal year.
Trestles aggregating 567 lineal
T oledo & Ohio C ent. Aug.
34,087
25,443
t7 6 ,l« 7 f29,545 were filled during the year and culverts substituted.
feet
Ju ly 1 to Aug. 31 ___
69,298
50,659 fl0 3 ,5 9 2 156,060
Equipment June 30, 1894—Locomotives, 138 (narrow gau^e
tA f te r allow ing fo r o th e r incom e received.
8), increase of 1; passenger cars, 91 (narrow gauge 6), de­
crease 1; freight cars, 4,379 (narrow gauge, 201), decrease 66 "
The operations, earnings, charges, etc., of the combined
ANNUAL REPORTS.
system, compiled for the C h r o n i c l e , have been as follows:
St. Lonis Southwestern Railway.
CFor the year ending June 80,1894.)
President Fordyce, in his annual report for the entire sys­
tem , states that, comparing the results with the preceding
-fiscal year, there has been a decrease in gross earnings of
$500,936, or 9*79 per cent, due to the extraordinary depression
of business which was general throughout the country. A de­
crease in operating expenses of $408,055, or 9 53 per cent, was
effected, leaving a decrease in net earnings of only $92,881,
or 11*13 per cent. The item of operating expenses for the
year ended June 30,1894, includes $18,000 expended for per­
sonal irijury claims and also over $113,000 (against $182,665
in previous year) for betterments. “It is worthy of note that
this economy in operation has been accomplished without in
any way impairing the physical condition of the property.”
“ The development of the country along the line of your road
is making steady and healthful progress, as is evidenced by
the fact that nearly seventy-five per cent of its freight tonnage
was of local oiigin. Immigration is steadily increasing in
Missouri and Arkansas, and to a greater extent in Texas.
Exceptionally fine crops of corn, wheat, oats and cotton have
been made in Texas, and a good average crop in Missouri,
Arkansas and Louisiana.”
The report shows the following current assets and liabili­
ties for entire system on June 30, 1894:
CUKE ENT LIABILITIES.

A u d ited vouchers an d pay-rolls p rio r to J u n e 1 ,1 8 9 4 .. $258,164 59
-A udited -vouchers an d pay-rolls, Ju n e , 1894, n o t p ayable
u n til Ju ly 2 0 ,1 8 9 4 ...................................................... .............
255,991 45
D ue on acco u n t of loans ettected, to w it.—
E sta te of J a y Gould: D em and n o te ......... $270,000 00
. C om m ercial B ank of St. L tu is: Notes
d ated in April, 1894, due in 1 8 9 4 .....
150 ,(0 0 00
T h ird N ational B ank of 8t. Louis: N otes
d a te d in A pril, 1894, due in 1894.......
100,000 00
N o tes d u e on v ar. d ates fo r supplies, & c...
20,156 t>2
540,156 02
T a x e s , y e a r 1894 (accrued, n o t d ue)....................................
56,708 94
$ 1, 111,021 00

U p p resen te d coupons—m oney on d e p o s it..
I n te re s t accrued, n o t d u e ...............................-

(46,080 00
133,333 33

179,413 33

T o ta l.................................................................................... ..$1,290,434 33
CURRENT ASSETS.

<<ash-........................................................... ........ .............................. $120,915 73
S u n d r y a c c o u n t s c o l l e c t i b l e .........................................................

15 2 920 2 8

OPERATIONS AND FISCAL RESULTS,

1890-91.
1891-92.
1892-93.
18P3-94.
M iles oper. J u n e 3 0 .
1,222
1,222
1,223
1,223
Operations—
P assengers carrie d ..
866,434
833,293
812,493
810,801
P ass, c arrie d I m _ 34,193,120 33,131,148 35,019.302 37.040,490
_
R a te p er pass, p er m. 2-98 cts.
2 58 ots.
2-51 cts.
2*38 cts.
F reight, to n s, c a r ... 1,252,978
1,302,580
1,306,696
1,323,377
F reight, t ’ns,car. 1 m.l
129,183,200 282,162,773
Rate p e r to n p e r m.* 1 31 cts.
1*31 cts.
1*21 cts.
1'24 cts.
E arnings—
$
$
$
$
P a sse n g e r.................
856,146
854,039
879,526
883,409
F reight”...................... 3,290.722
3,551,907
3,988,320
3,498,159
Mail, exp. & m is e ...
176,788
230,455
248,234
233,577
T o ta l .............. .
4,323,656
4,636,462
5,116,080 4,615,145
E xpensest—
T ra n s p o rta tio n .......
1,458,297
1,292,893
1,492,556
1,32*', 526
M otive pow er........... 1,053,836
918,388
1,042,333
940,702
M aint, of e a rs ...........
293,541
261,555
346,663
331,603
M aint, of w ay........... 1,927,459
1,131,243
1,140.856
1,035,035
G e n e r a l.....................
116,521
220,215
259,425
245,912
T o ta l.................... 4,849,654
3,824,294
4,281,833
3,873,778
N et e a r n in g s ... . . . . . def.525,998
812,168
834,247
741,367
P.c. of exp, to e arn s
82*48
83*69
83*94
‘ C om pany’s fre ig h t n o t included,
t i n th e o p eratin g expenses a re included in 1890-91 $1,089.160 for
b e tte iin e n ts; in 1891-2 $129,267; in 1892-3 $182,665.
INCOME ACCOUNT.

1891-92.
$
812,168
125,100

1897-93.
$
834,247
69,136

1893-94.
$
741,367
31,031

T o ta l..........................................
D educt—
T a x e s .................. ............................
In te re s to n 1st m ortgage b o n d s..
O ther ite m s........................................

93^,238

903,383

772,393

107,326
800,000
10,248

109,650
t o o .o o i
40,117

113,826
800,000
56,340

T otal.............. ........................ .
B a la n c e .............................................

917,574
sur.19,694

Receipts—
N et earn in g s.....................................
O ther in c o m e ..................................

1892.
$

Assets -

Supplies and .m a te ria ls.'____ _

.

S t. L . S o ’w e s t R y . b o n d s i n t r e a s .

T o ta l.............. .............................................................................$495,697 67

B a l a n c e t o d e b i t o f i n c o m e .............

^Balance of c u rre n t liabilities in excess of c u rre n t assets. $794,736 66

The available assets consist of investments in stocks and
bonds as follows: St. Louis Southwestern firsts, $500,009;
o th e r securities, $65,000; total estimated market value $326,•5Q net floating debt, after deducting market value of invest0;
i oaents, $468,236 66. The $270,000 due the estate of Jay Gould
is for money borrowed soon after the road was turned over
to this company in order to carry on the work of necessary
improvements begun by the Reorganization Committee.
/Since June 30, 1894, $102,025 of bills payable had been paid.
It.should be observed that the current liabilities in the table
above include a large rmount for taxes, etc., accrued but not
■due.
The total tons carried in the year 1893 4 was 1,328,877
ihghiBsfc 1,506,696 in 1892-93), of which lumber representéd
49 97 per cent, against 54*83 per cent in 1892-93; cotton, 7*68
per cent, against 5 62 per cent; cotton.seed products, 5*64 per
<?ent, against 3*40 per cent; grain, flour and other mill pro­
ducts, 10*06, per cent, against 10:74 per cent, and coal 6 75 per
cent, against 5 71 per cent.
The character of rail in main track is shown in a table,
from which it appears that of the main line between Birds
Point, Mo., opposite Cairo, III,, and Gatesville, Texas, a dis­
tance of 723 miles, 46 miles are laid with 35-pound steel; balanf*e 56-pound steel. The branches are mos ly 56-pound steel,
exCëpt the narrow gauge line, Tyler to Lut km, 88 miles. This
latter, whichis laid with 35 poundsteel, tne President says, will
probably have to be made standard gauge, as it connects with
the Jlouston East & West Texas road, the gauge of which has
A. recently been made standard. “During the fiscal year just
îlosed between eight and nine thousand feet of good 56-pound
Steel rail was taken out of the main track of the Little Rock
branch and replaced with35*pound steel. The good 56-pound
rail taken up was used in the main line track to replacé rail
that had become headworB. To properly maintain the track




1393.
$

1 894.

$
65,335,875
21,531
27,328
26,500
18,742
122,322
151,520
' 221,$55
221,236
500,OoO
500,000
5,436
1,949

C o s t o f r o a d a n d e q u i p m e n t ........ .. 65,075,680 65,335,993
C o n s t r u c t i o n a c c o u n t s . . . . . . . .........
20,7*22
21,531
R e a l e s t a t e ..............................................
27,327
27.328
I n v e s t m e n t s in s t o c k s aD d b o n d s .
26,500
26,500
A d v a n c e s to s u n d r y a g e n t s ............
25,502
37.165
C a s h . . . . . ............................... ...............
146,782
90,002
S u n d r y a c c o u n t s c o l l e c t i b l e ...........
187,385
157,118

221’855 66

■Supplies an d m aterials on h a n d ....................................." "

949,767
970,166
def. 46,384 def. 197,768

CONDENSED BALANCE SHEET (BNTIRE SYSTEM) JUNE 3 0 .

M i s c e l l a n e o u s ........................

232,352
500,00 I
303,372

T o t a l ................................................... 66.545.627

L ia b ilities —

66.422.309 66,427,622

P r e f e r r e d s t o c k . . . . . . ......................... 20,000,000 20 , 000,000 2 0 , 000,000
C o m m o n s t o c k ............ ......................... 16,509,000 16,509.060 16,500,000
B o n d s ( s e e S u p p l e m e n t ) ................ 28,000,000 *28,000,000 28,000,000
E q u ip m e n t t r u s t n o te s (n o t d u e ),
609,839
714,340
521.688
lo t . o n b o n d s d u e a n d a c c r u e d ...
. 179,413
155,233
156,613
S u n d i y a c c o u n t s p a y a b le ................
1,111,021
770,<¡23
846,536
M is c e lla n e o u s a c c o u n t s ..................
27,349
I t.491
B a l a n c e to c r e d i t o f i u c o m e . . . . . .
572,190
195,819
T o t a l .................... ................................ 66.545.627

66.422.309 6 6 ,4 2 7 ,6 2 2

Boston & Maine Railroad.
(F or the year ending June 30, 1894.)
The annual report of President Tuttle says that the general
depression in the business of the country caused a decrease in
the company’s gross income compared with the previous year
of $1,219,823. The operating expense decreased $875,917 and
the surplus applicable to dividends and sinking funds fell off
$689,767. Tne fixed charges increased $345,881, of which
$234,146 is accounted for by the fact that the operations of
the Connecticut River Railroad are included for the full year,
against six months of the previous year. “ None of the com­
pany’s leased lines have proved burdensome, all, including the
Connecticut River Railroad, having fully paid their operating
expenses, fixed charges and rentals, from the incomei they
have directly contributed upon their own lines, without
taking into account their great collateral benefit as feeders of
i he general system.” While close economy has been necessary,
tbe rolling stock and permanent structures have been fully
kept up to the standard of the previous year.
“ The reduction of the quarterly dividend payments since
the first quarter, from $2 to $1 50 per share, has been widely
commenoed, and is believed to have received the approbation
of stockholders generally.” In the early part of the fiscal
year the company’s floating debt was about $4,000,000. Two
million dollars of 7 per cent bonds fell due, January 1,1894.

■Oc t o b e r

THE CHROJNLCLE.

6, 1894.]

There was needed for carrying on necessary improvements,
mainly connected with the Boston passenger and freight
terminals, contracted for during the previous fiscal year,
about $2,000,000 additional. This made a total of about
$8 000,000, to provide for which the directors decided to sell
$6 000,000 Boston & Maine
per cent 50-year bonds and
« 1 9 2 8 ,000 of bonds of its leased and proprietary lines. The
.discounts and commissions incident to these bond sales
amounted to $391,814, which amount has been charged to
profit and loss. The bonds of the leased and proprietary lines
•sold consisted of $800,000 Boston & L i well 4 per cent 20-year
bonds and $1,328,000 St. Johnsbury & Lake Champlain Rail­
road 5 per cent 50-year bonds. The floatiog debt has been
paid as rapidly as it became due, and at the close of the fiscal
year was reduced to $250,000. Of this $100,000 has since been
paid, and the balance will be paid at maturity, Nov. 1.
T h e Union Station, which was put into full operation for
this company’s trains on the 17th of June, 1894, and for the
Fitchburg Railroad trains on the 12th of August, contains
twenty-three tracks and ample waiting and baggage rooms
.and carriage accommodation for the expeditious and conve­
nient handling of the 600 trains and 100,000 passengers that
daily arrive and depart therefrom.
A new passenger station at Lynn, to cost about $120,000
will be completed about the first of January, 1895. Under an
order of the Superior Court, Chelsea Bridge Street, which
now crosses at grade the tracks leading to Mystic wharf and
the grain elevator, will be elevated by January 1, 1895. The
company’s proportion of the cost will be about $300,000. The
usual amount of enlargement and repair work has been done,
but sundry important undertakings in the way of new passen,ger station construction and grade-crossing elimination have
been temporarily postponed until times are more favorable for
incurring large expenditures.
The statistics of operations, financial resists, etc., have been
compiled for the C h r o n i c l e as follow s:
OPERATIONS AND FISCAL RESULTS.

*1892-93.
1 ,2 9 3

Miles operated J u n e 3 0 .......... .................. ..........

Operations—

36,247,601
469,323,316
1-803 ¿is.
w ,0 6 \1 6 7
519,2-*6,621
1-538 cts.
$
. 8,46 M 4 3
. 7,987.851
563,398
205,933

Earnings—

Freight.......................................
Express and e x tra b aggage.
Mails................................... .

T o ta l ............................................................. 17,225,325
Expenses—

440,057
1,049,053
1.236,221
2,088,742
3,079,116
1,366,196
2,477,107

-General expenses of office a n d p roperty..
äPasseDger t r a n s p o r t a t i o n e x p e n s e s ........

. 11,736,497
. 5,488,828
* Including C onnecticut R iver RE . fo r six m o nths only.
INCOME ACCOUNT.

1893-94.
1 ,293

10,860,580
5,101,696

603,891

Net e a r n lD g s ......................

6,092,719

5,754,570

1.101,650
2,167,4»3
<26,136
8 0 ,4 1 1
1,560,155

1,213,391
2,311,370
822,018
67,232
1,321,031

5 ,4 8 8 ,8 2 8

Rents, in v estm en ts, e t c . . . . . . . ...........
Total................................................................
Deduct—
In terest on bonds an d floating d e b t..............
R e n ta ls.___ _. . . . . . . . . . . . . . . ....... .....................
Taxes....... . : ....... ............................. . .................
Sinking fu n d ......................................................
Dividends........................

5,735,092
5,655,767
436,952
19,473
GENERAL BALANCE SHEET JUNE 30.
1894.
1893.
$
$
Assets—
37,137,590
•Construction an d eq u ip m en t— ...............- 34,809,510
7,133,013
6,385,295
¡Investm ents....... ......... ............................ . - -.
1,591,573
482,551 ■
C ash........ ..........................................................
1,023(363
1,111,916
Bills receivable......... .................................
485,200
416,785
■Sinking f u n d s .......................... .
2,189,274
1,517,498
Materials au d stip n lies..................................
1,718,194
Due by agents, co.’s, individs., A c ......... . , 4,101,828
431,101
484,469
Im provem ent acco u n t, leased r o a d s ..—
323,569
3 1 9 ,0 6 1
Central M assachusetts RR. C o n struction.
816,738
168,631
Miscellaneous................ ...................................
T o ta l.
■Surplus..,

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

51,163,673

Current b ills,........................................
Unpaid w ag es......................... ............
Due companies, in d iv iduals, Ac ...
Dividends an d in te re st unclaim ed.
Accrued in te re st an d r e n ta ls . . . __
Rental of leased ro ad s J u ly 1 . . . . . .
Boston A Lowell lease a c c o u n t----Conn. A Pass. Riv. lease a c c o u n t...
Conn. R iver 11R. lease a c c o u n t—
Equipment fu n d . . . . . .......................
iD ju ry f u n d .....................................

...

Suspense a c c o u n t............................Sinking fu n d s.......................... -........•■.
»
-Accrued ta x e s ...................................
Miscellaneous......... ...........................
T o ta l................ .............................. .




51,483,478

21,888,225
17,335,245
3,832,300
1,L36,506
278,393
688,839
135,296
460,881

Liabilities —

Capital stock (see S u p p l e m e n t ) .

21,889,000
21,741,786
847,300
588, L46
232,970
597,481
188,220
439,897
711,004
349,200
155.929
451,239

.

194,063
155,929
451,239
95,938
150,000
1,027,571
416,785
355,798

.

2,060,681

. 150,000
658,5 72
485,200
336,040
9,800
1,601,701

. 51,163,674

51,483,478

.

L ouisville & N ashville Railroad.
(F or the year ending Jane 30, 1894. J
The annual report of the Board of Directors (Mr. August
Belmont, Chairman, and Mr. M. H. Smith, President) win be
found in full on subsequent pages of the Chronicle with many
valuable tables. Remarks upon the report are a b i given in.
our editorial columns.
The statistics for four years have been fully c implied for
the Chronicle as below.
ROAD AND OPERATIONS.

Aver, m iles oper.

1890-91.
2,250

1891-92.
2,858

1892-93.
2,943

1893-94.
2,956

E q u ip m en t—

492
526
L o co m o tiv es....
548
563
P assenger ears.
347
448
415
448
F re ig h t. A c..cars 15,445
17,360
18,548
19,658
Operations—
6,217,777
P ass, c a rrie d . . .
6,126,650
5,152,130
5,276.618
P ass, car. 1 m ile 192,649,028 207,412,239 211,671,216 192,098,210
K ate p e r pass.
p e r m ile.........
2*42 cts.
2*44 cts.
2-45 cts.
2*35 cts.
F re ig h t (tons)
c a r r ie d _ . . .
_
9,960,916
10,963,280
12,144,580
9,433,698
F re ig h t cons)
car. one mile. L293,687,268 1510,117,291 1595,174,080 1398,679,010
R a te p e r to n
p e r m ile......... 0:970 ct.
0*932 cfc.
0*932 ct.
0-889 Ct.
EARNINGS AND EXPENSES.

1890-91.
E a rn in g s fr o m —
4
5
F r e ig h t............ . 13,113,Q65
P a ssen g ers........
4, -<
00.688
M a ils ..................
431,026
E xpress ...........
427,425
M iscellan eo u s..
447,625

1891-92.
$
14,604,260
5,137.017
507,136
455,627
531,681

1892-93.
$
15,450,163
5,313,533
534,126
457,764
698,0-13

12,90 1 ,1 1 4
4,600,961
630,931
415,748
425.58R

Tot. gross earns. 3 3,220,729
Operating expenses —
T ra n sp o rta tio n , t g 758 383
Main of e q u ip ..
2.097,670
M ain, of w ay Ac.
1,202,391
G e n e r a l .........

21,235,722

22,403,639

18,974,337

9,876,679
2,404,712
1,510,731

10,163,578
2 570,492
1,648.573

56,077,215
\ 1,936,946
2,044,412
1,805,211

Op.ex. (excl.tax)

13,792,122
7,443,600

14,382,643
8,020,998

11,863,785
7,110,552

12,058,444

1893-94.

33,384,862 P e r ce n t of ex.
64-95
64-20
62-53
62-74
to e a r n s ,....
417,5 j 4.671
1-764 cts.
INCOME ACCOUNT.
7,389,273
1891-92.
1892-93.
1890-91.
1893:94.
469,522 04 3
S
Receipts$
I
$
1-546 cts.
N etear’uings.................. 7,162,285 7,443,600 8,020,996 7,110,552
$
533,293
416,109
272 ,¿88
Incom e from in v est’s.
657,217
7,894,963
_
60,658
7 ,2 6 0 ,5 17 G eorgia RR. p ro fit_
542,415
7,976,8 j 3 8,437,105 7,382,840
264,ò06 T otal i 'c o m e .............. 7,380,160
D isbursem ents —
513,185
579,533
600,359
410,810
15,962,276 T axes s ta n d ................... 4,207,629 4,860,87s 4,911,253 5,065.277
In te re
re n ta ls.
124,695
70,978
24,784
332,378 G eorgia RR. loss ...........................
12S.0O1
127,042
139,930
205,501
997,435 O ther ro ad s, l o s s . . . . ..
1,304,359 Dividends*..................... 2,40o,000 2,376,000 2,112,000
225,737
.............
2,006,129 H a rd in C ounty s u i t ...
2,946,248 T otal d isb u rse m en ts.. 7,223,933 8,002,759 8,026,553 5,8 3 0 ,3 5 0
1,053,76 3
2,170,270 B a la n c e .......................... sr. 656,227 def. 25,866 su r.410,552sr.l,55 2 ,4 9 Q

1803-94.
$
5,101,696
652,374

1892-93.
*

99

* In 1390-91 p a id 5 p e r cent cash; in 1891-92, 4*2 p e r c e n t crash; in
1892-93, 4 p e r ce n t cash.
GENERAL BALANCE JU N E 30.
1891.
1892.
1893.
1894.
Assets—

Road, equipm ’t, &e.
,
iv,., f,,.
Timber, q u ar.l’ds.Ac.
Stocks o vvued...........
Bonds o w n e d ...........
S t’ks & b’ds in tr u s t)
Bills & aocts. receiv..
M aterials, fuel, A c..
] C ash on h a n d ...........
So. & No. A. a e c t ..
Nasb.& ¿ .a d v a n c e s.
O ther r ’ds, advances
Sinking fund, &c. .
U nlisted cap. stock.
U nfunded disct.acct.

$

$

sp

$

88,157,237 102,993,406 104,328,162 106,325,491
.¡¿./I « QQ
H ti'T
SIV)
803,159
876,468
654,693
757,339
1,252,007
1,243,012
4,721,888
1,226,624
3,478.621
4,551,009
4,751,086
3,561,931
16,121,944 16,407,229 16,839,230 21,837,166
2,193,530
4,614,973
3,395.-901 3,456,330
1,478,299
1,233,897
1,432,545 1,396,410
598,220
317,773
924,349
710,807
697,669
234.820
-333,382
505,5o0
1,006,660
991,572
9'>1,027
928,04L
1,073,491
296,9 2 2
1,354,422
913,380
795,219
721,829
506,435
614,081
2,200,000
.... ...
........
. ......... —
..
.................................
293,478
-

T otal assets ...........123,304,959 133,471,138 136,634,239 144,146,741
L ia b ilities—

S tock ...........
43,000,000 52,800,000
Bonded debt*........... 66,722,660 7<>,397,66u
B ills an d eo n t’s p a y .
3,294,574
174,996
I n t e r e s t . . . . . . . . . . . __
809,914
837,203
D iv id e n d s ..... . . . . . .
1,237,501 1,098,480
Ind iv id u als A R R s..
756,069
531,583
J u n e pay-rolls, A c..
1,777,080 1,512,798
Incom e acco u n t.......
656,226
630,369
Profit a n d lo ss._____
50,935
71,303
Suspense a c c o u n t...
........
416,256
D ef.ren’io f equip. Ac
......... .
.............

800,000
33* ,660
174,906
859,3* 6
,102,157
483,453
,006,542
,040,911
59,2 *7
776,967

,000,000
,131,660
,133,215
894,116
4 8 ,1 9 7

418,534
,171,428

349,589

T otal liab ilitie s.1 2 3 ,301,959 133,471,138 136,634,239 144,146,741
* The bonds deposited in t r u s t h a v e b een deducted here,
t L ess bonds pledged, an d less bonds au d stocks of those ro ad s
cost h a s been added to *• cost of ro a d .”

whoaa

Long islan d Railroad.
(F or the year ending June 30, 1894.)
The reports to the New York State Railroad Commissioners
show the following results :
EARNINGS, EXPENSES AND CHARGES.

1890-91.

1891-92.

1892-93.

G ross earn in g s.........
Oper. exp. an d ta x e s

4,061,899
2,660,517

4,171,523
2,865,294

4.300,337
2,989,454

1893-94.
$
4,1 4 3 ,4 3 3
2,862,809

N et e a rn in g 3 .........
F erries,in v ests., Ao.

1,401,382
60,593

1,806,229
193,355

1,310,883
481,253

1,280,624
431*257

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

M61.980J_1,499,5S3J! L792,136

1,711,

THE CHKON1CLE,

600

[V ol. LIX,

Called Bonds.—The following have been called for pay­
ment. The numbers of the bonds called may be learned at
the office of the company.
J e f f e r s o n v i l l e M a d is o n & I n d ia n a . R a il r o a d .— Ninetyone bonds have been drawn by lot for redemption, and will
be paid on presentation. Interest will cease on bonds not
1,772,840
1,762,226 presented within thirty days.
1,476,399
1,208,816
T o ta l......................
.. sur.253,164 sur.23,184 su r 19,296 def.50,345
B alance.
Carolina Central.—The agreement of the Seaboard Air
GENERAL. BALANCE SHEET JUN E 30.
Line with the Carolina Central first mortgage bondbolders1894.
1893.
1892.
(C h r o n i c l e , vol. 59, p. 331) has been ratified, and the bond
$
$
$
Assets holders can now collect their July interest at the rate of 4 per
Cost of ro a d an d eq u ip m en t......... 23,476,312 24,561,172 25,116,978
947,754 cent per annum at the Farmers L ran & Trust Co. Non-cum779,249
736,000
S tocks an d b onds of o th er co’s ...
2,880,526
2,879,379 mulative 5 per cent income scrip is given to represent the 2“
O th er p e rm a n e n t in v e s tm e n ts ... 2,834,402
442,620
381,861 per cent interest abated. About\$1,680,000 of the $3,000,000
568,282
Open a cco u n ts........... ......................
139,210
128,035
114,383
D ue by a g e n ts ..................................
84,966 firsts assented.
104.086
72,867
Supplies on h a n d ........................ . . .
88,457
109,802
178,179
C ash on h a n d ..................................
Choctaw Oklahoma & Gulf.—This company, which is the
Total a ssets............................. . . 27,980,425 29,005,490 29,638,605 Choctaw Coal & Railway recently reorganized, expects in a
short time to begin construction onroad from South McAlester
, Liabilities—
C ap ital sto c k ..................................... 12,000,000 12, 000,000 12,000,000 Indian Territory, to Oklahoma City, Oklahoma, etc., a distance
F u n d ed d e b t................. ............... - 13,966,403 14,486,415 15,982,135 of 123 miles. With the new line completed, the company
149,250
143,936
A ccrued in te re s t on funded d e b t.
142,853
will own 320 miles of road extending from Wistar Junction
450,010
L oans an d b ills p ay ab le.................
262,»25
669,366 on the St. Louis & San Francisco to Fort Reno. Near Fort
920,265
P ay-rolls,supplies & su n d ry accts.
572,884
837,854 Reno connection is made with the Texas division of the Rock
1,004,874
S u rp lu s ............................................. | 1,035,460
27,980,425 29,005,490 29,638,60 Island Railroad. The C h r o n i c l e is informed that the com­
T o ta l liab ilitie s.....................
pany’s $1,000,000 prior lien 6s were fully subscribed for before
Brooklyn & Rockaway Beach RR.
the books were open. An advertisement describing the secu­
CFor the year ending June 30, 1894 J
rities was in the C h r o n i c l e of Sept. 22, 1894.
The report to the New York State Railroad Commissioners
Delaware Lackawanna & Western—New York Susque­
shows current assets, including cash on hard, $12,377; rents hanna & Western.—Argument was beard in Buffalo Oct. 3rd
receivable, $5,295, ai.d open accounts, $44,045, and current on the application of the Delaware Lackawanna & Western
liabilities, embracing bills payable, $35,500; interest and divi­ RR. to make permanent an injunction against the New York
dends accrued, $12,000; open accounts and pay-rolls, $6,617. Susquehanna & Western RR., restraining them from shipping
Of the $350,000 of 6 percents authorized by mortgage of coal over aDy other road pending the trial of action to re­
1891 $300,000 have been issued. The official statement affords cover $4,950,000 claimed by the Lackawanna for violation of
the following :
a contract made in 1882. Other questions were raised and
EARNINGS, EXPENSES AND CHARGES.
decision was reserved. A statement as to the contract at the
1893-94. time it was entered into was in volume 34, p. 205,.
1892-93.
1891-92.
$
$
$
D istillin g & Cattle Feeding.—On October 3rd a circular
68,-333
75,966
G ross in c o m e ................................. ............. 74,839
48,229 was given to the public announcing that at the request of the
45,088
O perating ex p en ses....................... ............. 49,499
20,104 company’s patrons generally the directors had decided on and
............ 25,339
30,878
N et in c o m e .......................
after October 4 to discontinue the practice of issuing rebate
11,100
17,205
I n te re s t on d e b t . . . . . . . ................. ....... .. 5,711
vouchers on sales by authorized dealers. The three-cent
9,000
D iv id en d s................................. .
2,123 special cash rebate is also discontinued, and the quoted mar­
2,072
T axes, & c............................... ........ ............. 2,041
ket price reduced 10 cents per gallon.
22,172
19,328
T o ta l......................................... . ............. 7,752
Grand Rapids & Indiana.—The coupon due Qct. 1 on the
776
8,706
S u r p l u s ......................................... ............. 17,587
first mortgage 7 per cent tmguaranteed bonds of this company
Metropolitan Traction— Metropolitan Street Railway. were not paid. The road is operated in the Pennsylvania sys­
tem, and part of its first mortgage bonds carry the guaranty
(F or the year ending June SO, 1894. J
The Metropolitan Street Railway Company is the corpora­ of the Pennsylvania RR. Co. to purchase the bonds and its
tion formed to operate, and now opeiatirig in the interest of coupons as they mature. The default, however, as it scarcely
the Metropolitan Traction, all the street railroads in New need be said, was only on the bonds not guaranteed. The
York City belonging to that company’s system. Its entire company became embarrassed in 1892 and funded the coupons
capital stock is held by the Traction Company. By consoli­ on most of its general mortgage bonds from March 1, 1892,
dations in December, 1893, and May, 1894, it absorbed the to March 1, 1900, but apparently this has not furnished suffi­
Houston West Street & Paionia Ferry and other roads, and cient relief.
Inter-State Commerce Commission-Rates to Southern
so became the lessee of the Broadway & 7th Avenue, 6th
Avenue, 23d Street, Broadway Surface, Belt Line, and 42d Points.—The case in which the Inter-State Commerce Com­
Street & Grand Street Ferry companies. The stock of the mission seeks to compel Southern roads to carry out its order
reducing rates from Cincinnati and central traffic territory to
Traction Company is $30,000,000.
The report to the State authorities at Albany for the year points in the South, came up in the United States Circuit
ending June 30, 1894, contains the following as to the Metro­ Court at Cincinnati on September 26 be ore Judge Gage. An
order was issued directing the defendants to file answers
politan Street Railway Company:
G ross e arn in g s from o p e ra tio n .................................................. $5,351,812 before Monday, October 22, and appear in court Monday,
L ess o p eratin g e x p en ses........................................................ .
3,223,955 November 19, to show cause why the ruling of the Commis­
sion should not be enforced. The merits of the controversy
N et e arn in g s from o p e ra tio n ................................ ...... ..... $2,127,857
Interest^ re n ta ls, e tc ............................. .......................................
46,652 wei e discussed in an editorial article in the C h r o n ic l e of
July 7, page 9. .
G ross incom e from all so u rces............................................ $2,174,509
L ouhville Evansville & St. Louis Consolidated RR.—
T axes of a ll k in d s ...................................................... $326,865
The receivers announce that, owing to losses in revenue inci­
79,247
In te re s t on fu n d ed d eb t due an d accrued.......
dent to coal and labor strikes, to the necessity of paying at
R e n ta ls ............................................................ ............ 1,453,858
--------------1,859,971 once defaulted taxes to the amount of $54,000 which have been
in litigation for the past two years, and providing for better­
N et incom e fro m a ll so u rces.................................................
$314,538
ments undertaken under the approval of Bondholder’s com­
S u rp lu s fo r y e a r ending J u n e 3 0 ,1 8 9 4 ....................................
$314,538 mittee and the courts, and which are under contract and con­
S u rp lu s u p to J u n e 3 0 ,1 8 9 3 ......................................................
404,625
struction, they find it necessary to temporarily pass the semi­
6,961
C red ited to p ro fit and lo ss................................................... .
annual interest falling due October 1, 1894, on the Louisville
T o ta l.................................................. ....................... . . . . . . . . .
$726,124 Evansville & St. Louis underlying mortgages.
D ed u ct d iv idends p aid o u t of su rp lu s by th e old com pany,
$8,200,000® 4 p e r c e n t..'..........................: ..............................
328,000
Macon & Northern.—This road was sold October 2 to
Alexander Brown, Jr., of Baltimore, Md., for $1,070,000, under
T o ta l su rp lu s J u n e 3 0 ,1 8 9 4 ........ : ......... ...........................
$398,124
order of United States Circuit Court in the foreclosure suit
GENERAL BALANCE SHEET JUNE 30, 1894.
of the Mercantile Trust Co., of New York.
 sap./.<
?
Liabilities.
Memphis & Charleston.—Holders of the general mort. 6 per
Cost of ro ad andequip.$15,058,226 C apital sto c k ................ $13,500,000
B onds of o th er co.’s ..
57,223 F u n d ed d e b t ................ 1,400,000 cent bonds of this company are informed that a committee
Cash op h a n d ................
76,732 In t. due an d accrued,.
7,500 consisting of Messrs. Simon Borg, J. Kennedy Tod and Albert
788.844 O pen acco u n ts.____ . . .
O pen a c c o u n ts ............
768,025
Supplies on h a n d .........
92,624 P ro fit and loss (sur.)..
398,124 S. Roe has been formed to protect their interests. By order
of court immediate proof of the bonds is said to be necessary.
T otal
$16,073,649 Holders are therefore requested to deposit the same with the
$16,073,649
Total
Central Trust Co., of New York, in return for negotiable cer­
tificates and to sign a protective agreement, copies of which
GENERAL INVESTMENT NEWS.
may be obtained either from the members of the committee or
from the Trust Company. A bill for foreclosure of the gen­
Alabama Great Southern.—There was no election of eral mortgage was filed in December, 1893, coupons of Janu­
directors at the annual meeting of this company on the 3d ary, 1893, and since being in default.
Minneapolis & St. Louis.—At theannual election this week
inst., an injunction obtained in the interest of the minority
holders of the Cincinnati extension bonds preventing the the new board which will manage the reorganized property
election of the persons nominated by thé Cincinnati Hamilton was elected, the representatives of the stockholders com­
& Dayton party on the ground that they were not stockhold­ mittee being elected. The new board consists of August Bel­
mont, Richard B. Hartshorne, William L Bull, J. Kennedy
ers as required by the Alabama State law.

1890-91.
D educt—
$
528,043
In te re s t on b o n d s ...
175,582
R e n ta ls ....... ..............
25,191
I n te re s t a n d d isc’t . .
F e rrie s........ - .......... ..
D iv id e n d s.................. (4)480,000




1891-92.
$
556,705
178,604
28,875
112,215
(5)600,000

1892-93.

1893-94.

576^859
58°,527
211,633
219,518
29,839 1 odo -I ci
354,509 5 383,1 fcl
(5)600,000 (1%)570,000

O cto ber 6

1894.

THE

CHRONICLE,

601

Tod Edwin Hawley, William A. Read, William Strauss, Mr. Carroll says he will begin to operate the ferry Oct. 14, as
Frederick E. Palmer and Edward I.'Isham. William L Bull required by the City Comptroller.
was elected President. The road will be sold in foreclosure
Toledo Peoria & Western.—The President of this com­
pany has notified the bond adders that on deposit of the
October 11.
Northern Pacific.—The hearing on the motion of the re­ coupons due July 1, 1894, Jan. 1, 1895, and July 1, 1895, with
the Farmers’ Loan & Trust Co., there will ba paid on
ceivers to issue $5,000,000 receivers’ certificates for the pur­ coupon $5 in cash and $15 in scrip, in accordance with each
plan
g e s mentioned last week has been adjourned by Judge mentioned in the C h r o n i c l e vol. 59, page 514.
Jenkins, in Chicago, until Monday, Oct. 8, at 10 A. M. A
Valley (Ohio) -W heeling & Lake Erie.—The Wheeling &
syndicate headed by Mr. Brayton Ives, President of the com­
pany on Monday, Oct. 1, loaned the receivers $2,135,985, Lake Erie proposition to the Valley bondholders was not
the amount needed to pay the receivers’ certificates maturing accepted and has been withdrawn. Further negotiations are
Oct. 1, the loan being for 30 days at 6 per cent without com­ pending.
mission. It was in view of this loan that the Court agreed
Union Pacific.—The Government directors of the company
in their annual report just issued devote m ich space to a con­
to adjourn the case.
basis of reor­
Northern Pacific—Decision Regarding Strikes.—At sideration of what they believe to be a proper “
to report,” they say,
Chicago, October 1, in a long decision by Justice Harlan, ganization. “We beg leave to us to give a vastly the following
better result
the United States Circuit Court reversed in part the famous suggestions, which appear
could
decision of Judge Jenkins relative to strikes, rendered in the than and tobe obtained from a foreclosure of the Government
lien,
be free from the impracticable difficulties con­
case of P. M. Arthur and others against the Northern Pacific tained in the Reilly bill. If they should meet with your ap­
Railroad. The opinion affirms that employees have the right,
“singly or as single individuals,” k withdraw from the proval and the approval of the Administration, we ask that
to
service of a railroad company, tu t practically holds that such they be submitted to Congress for its consideration.
withdrawal must be done peaceably. The following are ex­ ro“ I. s A scertain th e m inim um n e t e a rn in g pow er of th e ra ilro a d o r r a il­
ad to be reorganized.
tracts from the opinion, as printed in the daily papers:
“ I I. Subject th e e n tire ra ilro a d or ra ilro a d s to a single m ortgage,
“ Undoubtedly the simultaneous cessation of work by any u n d er whioh issue 3 p er c e n t one-hundred-year bonds to an am o u n t
considerable number of railroad employees without previous such th a t th e accru in g in te re s t will n o t exceed th e m inim um earn in g
notice will have an injurious effect and for a time inconveni­ powIer. A scertain th e debt due to th e G overnm ent by adding in te re st
“I I.
ence the public. But these evils, great as they are, are to be a t 6 per cen t to th e p rin cip al of th e bonds from th e ir d ate to th e ir
met and remedied by legislation restraining alike employees m atu rity , crediting a g a in st sam e th e am o u n t of th e U nited S ta te s
and in re st
and employers. In the absence of such legislation, the right bond an d in tedre stt 3accountn an d r discountingr thne p rin cip ala te , sayteJu ly
so ascerta in e a
per ce t p a annum , fo a agreed d
of one in the service of a quasi public corporation to withdraw 1,1*95.
“ IV. Apply th e m oneys an d securities in th e sinking fu n d to th e p a r t
therefrom whenever he sees fit must be deemed so far abso­
paym ent or ex tin ctio n of bonds w hioh h a v e p rio rity of lien over th e
lute that courts of equity cannot interfere.” * * * *
ien of th e G overnm ent.
“ It is one thing, however, for a single individual or several
“ V. A ssess th e stock of th e U nion P acific R ailw ay Com pany $10 p e r
individuals, each acting on his own responsibility, to share. I n d efau lt of p a y m en t of assessm en t issu e new stock fo r th e
a A o u n t thereof.
quit work, and quite a different thing in the eye of
VI. pply
d
of
am u n t
the law for many persons to combine or conspire to­ to“th e f Arth e r five m illionof »liars (65,000,000) ritythe lieno o verso raised
u
ex tin ctio n
bonds h ay in g p rio
of
th e lien
gether with the intent, not simply of asserting their rights of th e G overnm ent.
“ V II. Sell so m any of th e first m ortgage 3 p e r ce n t one-hundredby peaceable methods, but of employing their united efforts
y e a r bonds as shall
req u ired
io injure others or the public. It seems entirely clear that p rior-lien bonds a t beatu rity . to p ay off th e rem ain d er of the existin g
m
any combination or conspiracy on the part of these employees
“ V III. Issue to th e G overnm ent an am o u n t of first m ortgage 3 p er
would be illegal which had for its object the crippling of prop­ c e n t one-hundred-year bonds eq u al to th e w h ile d eb t as above aseer
in e d
erty in the hands of receivers, either by disabling property, ta “ IX . A pply th e rem aining 3 p e r ce n t first m e rtg ig e bonds a n d so
by obstructing the control or management of the property, or m uch preferred stock as m ay h e n ecessary to com pensate seo u rity
by using force, intimidation or wrongful methods against holders fo r reduction of in te re st to th e sa tisfactio n of lien s subseq u en t
employees remaining in the service to induce them to quit to th e lien of the U nited S tates, an d of th e bonds h eld ia th e co llateral
tru s ts of th e com pany.
the service.” * * * *
“ X. C arry to foreclosure, decree a n d sale th e e n tire ra ilro a d p ro p ­
“ The Circuit Court therefore properly framed its injunc­ e rty of th e Union Pacific Railw ay Com pany, including th e bonds an d
tion so as to restrain all acts specifically mentioned. We are lan d s h eld in th e co llateral tr u s ts .”
of the opinion that the civil court properly refused to strike
Assuming the minimum net earning power of the Union
from the writs of injunction the words ‘ and from combining Pacific Railway Company after payment of taxes to be
or conspiring to quit the service of receivers with the object $4,859,000, they say, “ we suggest, for the reorganization of
of crippling the property in their custody.’ ”
the company and its branches in Nebraska, Kansas, Colorado,
Wyoming, Utah and Montana,
the following
Pecos T alley.—This rofrd has been completed to Roswell, securities: Three per cent 100-yearthe issue of $150,000,000; 5
gold
New Mexico, a distance of some eighty miles from its recent per cent non-cumulative preferred stook,bonds,
$20,000,000; common
terminus at Eddy. The extension is through the irrigated
$61,000,000.
lands of the Pecos Co., several hundred thousand acres in stock, loan here proposed is intended to provide for the bonds
The
area. A map showing the property will be found in the
I n v e s t o r s ’ S u p p l e m e n t . The line as now completed follows of what is known as the Union Pacific “proper.” A table too
to be quoted in full
the Pecos River from Pecos City, Texas, on the Texas & Pa­ long any one be misled gives the proposed terms of exchange.
Lest
table, atten­
cific RR., north to Roswell, New Mexico, a total distance of tion should be called to on hastily examining this form of ex­
the fact that an unusual
about 170 miles.
pression is employed, aad that, for instance, where it is said
Pennsylvania Steel Company.—The success of the reor- “3 per cent bonds at 169” are to be given in exchange, it is
. ganization plan is said to be assured, the creditors having meant that 160 p :r cent of the par value of the old bend» is
generally assented and the subscription to the new preferred to be given in the new 3 per cents. Turn it is suggested that
the sinking fund 8s for $3,730,000 receive “3 per cent bonds at
stock having been large.
160,” or in the aggregate
The terms
Peoria Decatur & Evansville.—A reorganization commit­ ing loans are: U. P. firsts$5,968,000. 160 per centfor other lead­
to
in 3 per cent
tee appointed this week by the second mortgage bondholders bonds; collateral trust 6s andreceive
collateral
c mt
consists of Frank Russak, Chairman; W. H. Goad by, R. S. notes 150 per cent in 3 per cent bonds; trust 6 pertrust 5sgold
and
Anderson, Thomas W. Evans and J. Van Sohaick. This is Kansas Pacific consols 100 per cent in 3collateral bonds and
per cant
the third committee for this company.
50 per cent in preferred stock.
Pittsburg Akron & Western.—A Press dispatch states that
For the Oregon Short Line «feUtah Northern the minimum
the sale of this road under foreclosure of the first mortgage net earnings less taxes are taken as $1,490,090, and there are
of $3,630,000 to the Central Trust Co. of New York has been recommended to be issued $50,000,000 of 3 per cent 100-year
gold bonds, $32,000,000 of 5 per cent preferred stock: and $27,postponed until Oct. 17.
stock.
would
Prescott & Arizona Central.—This company ha9 begun 000,000 common per centThe3Oregon Short Line first 6s in pre­
140
in per cents and 40 per cent
a suit in the U. S. Circuit Court against the Atchison Topeka then receive ; the Oregon Short Line & Utah Northern consol.
ferred stock
Sc Santa Fe RR. and the individual directors and officers of 5s 89 per cent in 3 per cent bonds and 59 per cent in preferred
the subordinate companies for $8,250,000, for damages alleged stock; ditto collateral trust 5s merely 100 per cent of pre­
to have been sustained by unjust discrimination in favor of ferred stock.
the Santa Fe Prescott & Phoenix.
The Oregon Railway Sc Navigation Company is taken as
Southern R ailw ay Company.—This company at its meet­ having minimum gross earnings of $3,240,000 and net less
ing October 2 authorized the $120,000,000 mortgage proposed taxes of $338,000, and there are proposed to be issued $20,000-,
by the reorganization plan of the old Terminal Company, and 000 of 3 per cents and $38,090,000 of non-cumulative 5 par cent
also the $4,500,000 mortgage to retire the East Tennessee im­ preferred stock. The first 6s would then be given 170 percent
provement and equipment bonds. The annual meeting for in new 3 per cents, the consols 75 per cent of 3 per cent bonds
the election of directors will be held October 23.
and 89 per cent in preferred stock; the collateral trust 5s 33%
Staten Island Ferry—Staten Island Rapid Transit.— per cent in new 3 per cents and 66% per cent in preferred
The Staten Island ferry franchise was sold at auction Septem­ stock; the stock par in new preferred.
The three companies after complete foreclosure might finally
ber 29 to Howard Carroll, representing, so it is said, John H.
Starin. The bid accepted was % Per cent above the upset the directors say, be consolidated on an even basis, with total
price, which was 5 per cent of the gross receipts, provided the bonds $220,000,000, fixed charges $6,600,000 and minimum
amount is not less than $22,500, and $21,500 for the yearly net earnings, as tested by returns of the year ending June 30,
rental of wharf property, a total of $44,000. The franchise 1894, of $6,689,000. A sinkiug fund would also be created.
and lease is for ten years from June 1,1894. The terms of The report is printed in pamphlet, and to it reference may be
sale, call for the payment of $175,000 to the Staten Island made for the terms offered the several loans of the system not
Rapid Transit Company for improvements on the ferry wharf. here mentioned.




THE

602

CHRONICLE

IVol. L1X,

B rought fo rw a rd ................................................... ............

R e p o r ts

a tu t it o a t m e iit s .

LO U ISVILLE & N A S H V IL L E R A IL R O A D CO.
FORTY-THiRD ANNUAL REPORT—FOR THE FISCAL
YEAR ENDED JUNE 30, 1894.
To the Stockholders of the Louisville & Nashville RR. Company:
The Board of Directors of the Louisville & Nashville Rail­
road Company respectfully submit their report for the fiscal
year ended June 30, 1894, as follows :
LEN G TH OF ROADS.
T h e le n g t h o f r o a d s o p e r a te d b y t h i s C o m p a n y , a n d o f
t h o s e i n w h i c h i t is in t e r e s t e d , a t t h e c lo s e o f t h e f is c a l y e a r ,
J u n e 30, 1894, is a s fo llo w s :
L ength in Miles.
I . —O w n e d A b s o l u t e l y o r T h r o u g h
o f t h e E n t ir e C a p it a l St o c k .

the

§3 ,0 4 4 IQ

7 1 .—L i n e s i n w h i c h t h i s C o m p a n y i s I n t e r e s t e d a s
O w n e r o f a M a jo r it y o f t h e Ca p it a l S t o c k in
t h e Co m pa n y t h a t O p e r a t e s t h e R oa d :

O w n e r s h ip

N ashville C hattanooga & St. Louis R a ilw a y ......................884-09
N ashville F lorence & Sheffield R ailw ay—
Colum bia to S h effield ................... .......................... 8 2T 3
W est P o in t B ranch—Iro n City to P in k n e y .........11-78
N ap ier B ran ch —S um m ertow n to N apier.............10-92
------- 104-83
H enderson B ridge an d C onnecting T ra c k ........................ 10-06
--------- 998-98
V II. —L i n e s i n w h i c h t h i s C o m p a n y i s I n t e r e s t e d a s
J o i n t L e s s e e wi t h t h e C e n t r a l R R . Co. o f G e o r g i a :
G eorgia R ailroad a n d D ependencies............a ..........................
721-00
V III. —L i n e s O w n e d b u t n o t O p e r a t e d b y t h i s C o m p a n y :
Cecilia B ranch, Louisville lo Cecilia Ju n c tio n (leased
to C hesapeake Ohio & S o u th w estern R ailw ay a t
$60,000 per annum )..... ......................................................... 46-00
C larksville & Princeton B ranch, from G racey to P rin c e ­
to n (leased to Ohio Val. RR. Co. a t $12,039 70 p e r ann.) 20-70
--------66-70
T otal M ileage.................................................................................. 4,930 87

The earnings and expenses in this report are based on an
M ain Stem —Louisville, to N a sh v ille ........... ............................ .
185-23 average of 2,955-93 miles, as shown in Table No. VI. Atten­
B irm ingham M ineral R ailroad—
tion is called to the tables submitted herewith for details of
N o rth B ran ch —M agelia to Brick y a rd Y ............ 8*02
the year’s business :
Alice B ra n c h —
Alice to Alice M ires. . . . . . . . . . . .
’89
F o ssil B ran ch —Alice to Fossil Mines...................
'63
I. Income Account, Fixed Charges, etc.
------- 9-54
II. Profit and Loss Account.
South B ran ch —G races to B essem er.....................11"57
III. General Balance Sheet.
1-20
M uscoda B ran ch —Sloss to M u s c o d a ............
------- 12-77
IV. Bonded Debt, in Detail.
B lue C reek E x ten sio n —B lue Creek Ju n c tio n to BlocV. Securities Owntd by the Company.
to n J u n c tio n . . . . ......... ..................... ................................ 27-08
VI. Gross Earnings, Operating Expenses and Net, by
D udley B ra n c h — olande to Bro >kwood........................ 9-01
Y
P io n eer B ra n c h —
Cham blee to G o eth ite.....................
3*65
montbs.
H u n tsv ille B ran ch —B essem er to O neonta ............ . 4 )-30
VII. Gross Earnings, Operating Expenses and Net, sum­
G urley Creek—V illage Springs to C om ptons................ 3-39
marized.
L im estone Spur—G urley to W orthington’s Q u a rry ___ 1-18

Self C reek—P alm ers to B radford
............................. . 4 30
B row n O re Spur—O neonta to C h a m p io n
....... 3-50
G ate City B ran ch — oyles to T ru ssv ille......................... 17-14
B
R ed G ap B r a n c h - G a te City to G ra c e s.......................... 10 28
H elen a & B locton—
-Tacoa to G urnee J u n c tio n ............. 10-04
---------- 161-18
A labam a M ineral R ailro ad—A tta lla to C alera..................119-07
Shelby to C olum biana_________ 5 -84
---------- 124-91
M obile & M ontgom ery R ailw ay—M ontgom ery to M obile....... 178-49
New O rleans & Mobile R ailroad—Mobile to New O rlean s........ 140-36
P o n tc h a rtra in R ailro ad —P o n tc h a rtra in Ju n e , to M ilneburg..
5-18
B a rd sto w n & S p iin g B r.—B ardsiw n Ju n c tio n to B ard u 17-37
B a id sto w n to S pringfield....... 20-07
---------37-44
17L-17
R n o x v ille B ran ch —L ebanon Jn n c tio n .to Je llic o ......................
C um berland V alley B ranch—Corbia to N o rto n ...........
.......... 116-38
M em phis L ine—M em phis Ju n c tio n to M em phis........................... 259-13
Ow ensboro & N ashville R ailw ay—
Ow ensboro to A datrville....... ...........
.._ 8 3 '4 6
M ud R iver B ran ch —P enrod to M ud R iver M in e s ...... 4-64
. ---------- 88-10
C larksville & P rin ceto n B ran ch —P rin c eto n Ju n e , to G racey ..
32-00
C larksville M ineral B r a n c h H e m a tite to P ond..............................
32*03
V an L eer to C um berland F u rn a c e ..................
6-00
---------3803
H en d erso n D ivision—E dgefield Ju n e , to H e n d e rso n ...134-76
M adisdnville B ran ch —M adisonville to P rovidence....... 16 10
--------------150-86
St. L ouis D iv.—E v an sv ille to E a s t St. L ouis.................... 162-00
S haw neetow n B ran ch — M cLeanshoro
Ju n c tio n to S haw neetow n...................... 40-70
O’F allon B ranch—O’F ailon Ju n c tio n to
O’F allo n .............................
6-04
---------- 208-74
P en sa co la & Selm a D iv.—Gulf Ju n c tio n to P in e a p p le .. 35-61
E scam bia June.' to R e p to n ... 29*36
--------------- 64-97
P en saco la D ivision—F lom aton to P e n sa c o la _____ __________
44-40
P en saco la & A tlan tic R ailroad—P ensacola to R iver J u n c tio n . 160-14
C in cinnati D iv.—Louisville to N ew port .........................1 0 9 -70
E a s t L ouisville to South L ouisville. .. 4-13
--------------1 1 3 8 3
67-00
L ex in g to n B ra n c h —L a G rauge to L e x in g to n ...............
L o u isv illeH arro d ’s Cr & W estportR K .—L ouisvilleto P ro sp e c t
11-16
K en tu ck y C en tral R ailw ay—
Covington to L iv in g s to n ................................... ...............149*88
M aysvilie to P aris. ............................................ ................ 49-48
P a ris Ju n c tio n to L e x in g to n ..’. . ............................
17"86
E still Ju n c tio n to R o w la n d ..................... .......................... 30-43
---------- 247-65
—L i n e s o v e r w h i c h t h i s C o m p a n y R u n s i t s T r a i n s ,
E a r n in g s o f w h i c h A c c r u e t o t h i s C o m p a n y .

III.
—O p e r a t e d U n d e r L e a s e , E a r n in g s i n E x c e s s
F i x e d Ch a r g e s A c c r u in g t o t h is C o m p a n y .

22-32

of

N ashville & D ecatu r R ailro ad —N ashville to D e c a tu r .. .119-24
Shelby R ailroad—A nchorage to S helbyville......... ........... 19-10
---------TV.—O p e r a t e d f o r A c c o u n t o f t h e S o u t h & N o r t h

B onds I ssu ed —

Unified F ifty-year F our-per-cent Gold B onds..........................
L ouisville R ailw ay T ran sfer F irs t M ortgage............................

2,177,000
286,009
$19,793,660

D e d u c t B o n d s R e d e e m e d ¡¡a n d
D u r in g t h e Y e a r —

Ca n c e l e d

G eneral M ortgage B onds canceled fo r th e Sink­
ing F u n d .......................I ............................................ $195,000
Cecilia B ran ch "Bonds canceled for th e S inking
49,000
F u n d .................
E v an sv ille H enderson & N ashv. D ivision B onds
canceled fo r th e S inking F u n d ...................
34,000
Pensacola. & A tlan tic R ailroad B onds canceled
for th e Sinking F u n d .........................
33,000
M em phis C larksv. & Louisv. RR . F irst M ort­
gage Bonds, canceled fo r th e Sinking F u n d ...
19,009
City of L ouisville. L ebanon B ra n c h E x ten sio n ,
redeem ed a t m a tu rity ................................................
332,000
---------------

662,000

O u tstan d in g J u n e 3 0 ,1 8 9 4 .................................... .............. $79,131,660
Showing an in crease o ver l a s t y e a r in th e bonded d eb t o f .. $1,801,000

The increase |in the bonded indebtedness is ac­
counted for as follows :
U nified F ifty -v ear F o u r p e r c e n t Gold B onds issued fo r
th e follow ing purposes :
F o r m iscellaneous b etterm en ts,
such as side-tracks, sta tio n build­
ings, b allast, renew als of bridges
a n d e q u ip m e n t.............. ..............$1,465,000
F o r p u rch ase of N ashville C h a tta­
nooga & St. L. R ailw ay S tock . . .
45,000
F o r B onds redeem ed for Sink. F d s..
337,000
F o r C ity of L ouisville L ebanon B.
E x te n sio n B onds r e d e e m e d .......
330,000
------- — — $2,177,000
L ouisville R ailw ay T ran sfe r F irs t M ort. B o n d s..
286,000
---------------

2,463,000
662,000

D educt—

the

B irm ingham M ineral R R .—B locton to B locton J u n o ... 7-91
G urnee Ju n e , to B lo c to n ... 14-41
----------

BONDED DEBT.
The b o nded d eb t as p e r T able No. IV, la s t y e a r’s re p o rt,
w a s....... : ........................................................... ............................ $77,330,660

B onds redeem ed d a rin g the y e a r...............................................

T o tal m iles ow ned...................................................... ................... 2,606*35
II.

CA PITA L STOCK.

There has been issued during the year $2,200,O OCapital
O
Stock. This stock has not been listed on the New York Stock
Exchange, but is carried in the treasury of the Company as
unlisted stock, making the total Capital Stock $55,000,000.
At a special meeting of the stockholders held November 8,
1893, an additional issue of $5,000,000 of stock was authorized,
but said stock has not been issued.

I n c r e a s e ......... ................ .................... j,................................. $1,801,000
T here h av e b een issued fo r th e p u rch ase of th e Ches. Ohio
& Southw. RR. p ro p erties, 5,000 Tw o-ten F iv e p e r cen t
Gold O bligations of $i,OOo each, b earin g 5 p. ct. in te re st. $5,000,000

Of these Two-ten Five per cent Gold Obligations, $4,500,000
were made pursuant to paragraph I of the agreement dated
28th day of November, 1893, between the Illinois Central Rail­
A l a b a m a R a il r o a d Co m p a n y .
road Company and the Louisville & Nashville Railroad Com­
So. & No. A labam a RR.—New D eca tu r to M ontgom ery. 182-67
W etum pka B ran ch —E lm ore to W etu m p k a.
............ 6-30
pany, and the other $500,000 was made pursuant to paragraph
--------------188-97 II of said agreement.
Said agreement was made between said Companies to en­
T otal Louisville & N ashville S y stem ....... ........... ................... 2,955-98
able the Louisville & Nashville Railroad Company to pur­
V .—O p e r a t e d U n d e r L e a s e f o r A c c o u n t o f t h e
chase, become the owner of, and operate the Chesapeake Ohio
F o l l o w in g C o m p a n ie s :
& Southwestern Railroad, but the Jefferson Circuit Court—
S o u th ern Division C um berland & Ohio R ailro ad —Cum ­
Chancery Division—of Kentucky has enjoined the Louisville
b erlan d & Ohio Ju n c tio n to G reensburg............ ........... 30*90
N o rth e rn Division C um berland & Ohio R a ilro ad —Shel­
& Nashville Railroad Company from complying with said
byv ille to Bloomfield ........................................................... 26-72
agreement in any respect. An appeal from the decision of
G lasgow R ailroad—Glasgow Ju n c tio n to G la s g o w ....... 10-50
that court is now pending iu the Court of Appeals of Ken­
E lk to n & G u th rie R ailroad—E lkton Ju n c tio n to E lkton 10-92
M am m oth Cave R ailroad—Glasgow J u n c tio n to
tucky, and the case may be carried to the Supreme Court of
M am m oth C ave.......... .......................... ..................... 8-35
the United State before it be finally decided whether the
G ra n d A venue J u n c tio n to G rand A venue Cave -82
Louisville & Nashville Railroad Company can legally pur­
------- 9-17
--------88-21 chase, become the owner of and operate the Chesapeake Ohio




138-34

TH E

October e, wot]

CHRONICLE.

603

Bro ught fo r w a r d ....................................................... .
& Southwestern Railroad, and until such final deci-ion it can­
not be known whether the Louisville & Nashville Railroad
During the past fiscal year several of the divis­
Company will have to pay any of said obligations.
ions were re-measured, which resulted in a net
increase of *58 of a mile.
GEN ER A L RESULTS.

2,933x8 m lies *

W hich is to he added to th e foregoing m ileage..................

The general results from operations for the year were :

*53 m iles.

T o ta l....... ............... ............................................. ......2 ,9 3 3 -6 6 m iles.

Gross E a rn in g s ........... ................................... . . . . . . . . . . . . $ 1 8 , 0 7 4 , 3 3 6 93
O p e ra tin g E x p en ses, 62 53 p e r c e n t .............................
11,863,784 87

During the year there were 70’95 miles of track re-laid with
new steel rails, to replace old steel, at a co3t of $97,463 30.
Of this amount $38,108 11 has been charged to Operating
Expenses and ¡¡¡>39,355 19 to Construction Account for the
difference in weight of rails which were replaced by heavier
5 ,665,63617 rails.
28‘63 miles of old steel from main lines was used to replace
$1,444,915 89
272,288 02 old iron on several branches.
There are in track, therefore, on June 30, 1894 :

Net E arn in g s from Traffic, 37-47 p e r c e n t....... ........... $7,110,552 C6
D e d u c t C h a r g e s A g a in s t I n c o m e —
I n te r e s t , r e n t s , e t c . .............................................
T a x e s ..................................................................

$5,065,277 18
600,358 99
--------------------

Net E arn in g s......... .............................................................

Add —Incom e from I n v e s tm e n ts .........................................

$1,717,203 91

D educt —

Loss on Georgia R ailroad L ease...................
Loss on o th er roads, w hich is a claim
against t h e m . . . . . . ........................................

$24,784 08

Steel r a i l s ... ......... .................................. . ................ 2.766-55
Iro n ra ils. . ...................................................... ........... 167T 1

T o ta l........................................................... ........................ .2,933-66 m iles.

139,929 58
--------------------

Of the new steel laid, 6 23 miles is of the 60-lb. pattern and
•04 mile of the 68-lb. pattern, and 6168 miles of the 70-lb. pat­
Net Incom e fo r th e y e a r................................................... $1,552,490 25 tern.
IN TEREST CHARGES FO R 1894-35.
The average length of roads operated was 2,955'98, showing
The interest charges against Income Account are estimated
for the year as follows :
164,713 66

1S93-9L
Gross E arnings, n e r m ile ..........................$ 6 ,4 1 8 97
Operating E x p en ses, p e r m ile ................................. 4,013 48
Net E arn in g s, p e r m ile ................................. ...$ 2 ,4 0 5 43

1892-93.
$7,615 03
4,888 68
$2,726 35

The growth of traffic is shown by the following table :
'K© .
Y ears.

M ües
O p e r a t­
ed, A v ­
era g e.

G ross
O p e r a tin g
E a r n in g s E x t enses.

1879-80. 1,190-58 $7.394,515
1880-81. 1,768-86 10,812,935
1881-82. 1,912-25 11,911,439
1882-83. 2,014-45 13,144,714
1,997-55 14,261,386
188384.
1884-85. 1,989-21 13,847,143
1885-86. 1.943- 13,076,795
52
1886-87. 1.943- 52 14,979,992
1887- 83. 2,027-00 16,360 241
188889.
2,161-64 16.599,396
1889-90. 2,198-25 18,816,003
1890-91. 2.250-32 19,220,728
1391-92. 2,957-91 21,235.721
18922,942 93. 22,403.639
03
189394.
2,955-98 18 974.336

$4,173,302
6,031,864
7,371,011
8,015,737
8,823,782
8,104,789
8,120,506
8,953,502
10,267,535
10,326,085
11,419.092
12,058,444
13,792,122
14,382.642
11.863.784

N e t.
E a r n in g s

G ro ss
E a r n ’g s
per
M ile .

O o e r a t 'g
N e t
E x p e n ' s , E i r n ’g s ,
•p e r
ver
M ile .
M ile .

$3,221,213
4,181,071
4,540,427
5,128,976
5,4:- 7,603
5,742,354
4.950,288
6,026,490
6,092,706
6,273,310
7,426,911
7,162,284
7,443,599
8,020,996
7,110,552

$6,210 85
6,112 94
6,229 02
6,525 21
7.139 44
6.96113
6,728 41
7,707 66
8,07110
7,679 08
8,573 19
8,541 33
7.430 50
7.615 03
6,418 97

$3,505 27 $2,705 58
3,749 28 2,363 71
3,854 63 2,374 39
3,979 12¡ 2.546 09
4,417 8Q 2,722 14
4,074 38 2,880 75
4,181 sa 2.547 08
4,606 8á 3,100 81
5,065 39 3,005 77
4,770 97 2 902 11
5 194 63 3,378 56
5 358 54 3,182 79
4,825 9« 2.604 58
4,888 68 2.726 33
4,013,48 2,405 49

.S 3
50-44
61-33
61-38
00-98
6158-53
62- 15
59 77
02-76
62-21
60-59
62-74
64-95
64-20
62.53

CONSTRUCTION ACCOUNT.

The expenditures during the year for equipment, improve­
ments and additions to the several proper ties.,were as follows :
Ca b s B u i l t

C o m p a n y ’s S h o p s —

in

2 baggage c a r s ............ ...... ................. .
2 express c a r s ...............................: .............

$5,332 74
3,206 86

Ca rs B o u g h t —

725 box c a r s ................................................... $323,659 11
400 fru it e a rs................................................. 191,742 81
400 drop bo tto m g o n d o las.......................... 153,802 49
669,204 41
L o c o m o t iv e s

bought—

155,526
3,423
150
21,382
13,054
30,912
39,933
28,384
9.987
40,156
19,486

22,067 30
1,930 53
448 19
$1,160,714 18

COST OF ROAD AND EQUIPM ENT.

The cost: of road has been charged with the amount
expended on Construction Account, the cost of the Louisville
Railway Transfer which has been taken into the Louisville &
Nashville Railroad system, and the cost of the New & Old
Decatur Belt & Terminal Company.
The cost of th e ro ad J u n e 3 0 ,1 8 9 3 , w a s . . . ..................... $104,828,162 36
Balance of co n stru ctio n a c co u n t fo r y e a r en d ed J u n e
3 0 ,1 8 9 4 ................................ .......................... . . . . I . . . . . . . .
1,033,581 74
Louisville R ailw ay T r a n s f e r .................................... .........
378,652 22
New & Old D e c a tu r B e lt & T erm inal C o m p a n y ..........
85,094 57
T o ta lc o stto J u n e 3 0 ,1894, as p e r ta b le No. H I ....... $106,325,490 89
S TE EL AND IR O N R 4 .ILS.

At the close of the fiscal year ended June 30, 1893, there
were in tracks:
Steel ra ils..................... ............................................. 2,736-60
Iron r a ils .................................................. ................ .
»95-74
2,932-34 m iles.

There have been added during year on new tracks :
Cincinnati D ivision A, S tre e t connection—S teel..............
Total




Am ount o f

1,960,000
2,677,000
5,000,000
1,000,000
4,531,0>0
2,850,000
892,000
3,259,000
1,243,000
2,905,090
5,129,000
1.764,000
14,974,000
6,523,000
. 4 >0,090
*19,000
286,900

117,600
160,620
300,000
6 »,000
271,860
199,500
62,440
195,480
74,880
174.300
256,450
88,2 O
593,960
26 ,920
2$,O' 0
10,950
22,880

D

educt

B onds

in c l u d e d

in a b o v e

; Depo s-

1TED WITH TKUSTEES.

To secure T en-forty A djustm ent B onds—
L ebanon & K noxville B ran ch B o n d s ...,....... $1,500,000
Lou. & N ash an d Mobile & M ontgom ery Ky.
T ru s t D eed B onds..............................................
2,677,000
Lou. Cm. & Lex. Ry. G eneral M ort. B o n d s ...
3,208,0 >0
P ensacola & A tlan tic RR. F irs t Mort. Bonds.
1,000,boo
P ensacola & Selm a Div. F irs t Mort. B o n d s..
898,000
Pensacola & Selm a D iv. F irs t More. B onds
(also as^part collat. fo r G eorgia RR. leas.1).
350,000

$90,000
160,620
.1 9 2 ,4 8 0
60 ,000
53,880

00
94
21,000
89
06
$9,633,0C0 $577,980
91
Oí»
$31,C91,660 $4,432,028
38
educt
N
48 D S outh to secure L ouisville & R ashville Da n d
& N o rth A labam a R
T ru s t
eed
40
B onds fo r $1,960,000, included in foregoing.
1,960,000
117,600
24
81
T otal Louisv. & N ashv. RR. Co..................... $79.131,660 $4,314,4- 8
43,548 61 N ashv, A D ecatur RR. F irs t M ort B o n d s......... $2,100,r 0 i $147,000
6,288 73
2,303,582
138,784
36,192 52 N ashv. & D e c a tu r RR. S t o c k . . . . . . . . ...................
& orth
a
M B d s ..
4,014,630
242,102
1,183 70 South & N orth A labam a RR. S terling M B d s..
S outh N
A labam RR. Second
2,000,000
120,000
South & N o rth A labam a RR. Cons. M. B ond1..
3,859,000
192,950
Ow ensboro & N ashv. Ry. F irs t M ort. B o n d s ...
1,200,000
7 2,000
7,374 82
15,000
1 5 ,0 t0
800 00 Shelby R ailroad R e n t . . . . . . . . . . ...........
757 66
$15,492,412 $927,836

Automatic sig n a ls....................... ............................................
Culverts.......................................... ............. .
.
Changing S outh end of M uldraugh’s n i l l T u n n el to
open c u t......... ..................................................................
Telegraph lin e s............................................................. .
Sundries................................................................................. .
Total

B on ds out-

fJ'i/vt <
1
7)j
$7,070,000 $494,900
1,090
11.056,000
659,160
3,500,000
248,784
1,996,660
120,424
724,000
49,000
2 ,181,000
129.900
580,000
34,800
1,500,000
90,000
3,500,000
210,000
3,000,000
90,000

C onsolidated M ortgage B o n d s ............................
City of Louisville, L ebanon B ran ch E x. Bonds.
G eneral M ortgage B onds......... ............
M em phis & Ohio R a ilro a d ste rlin g M ort. B onds
Mem. Clarksv. & Ldu. RR. S terling Mort. B ds.
Cecilia B ran ch F irs t M ortgage B onds ..............
E v an sv . H end. & Nashv. D iv F irs t Mort. B onds
P en saco la D ivision F irst M ortgage B o n d s ......
L ebanon-K noxville B ran ch B o n d s:............
S o u th east & St. L. Div. F irs t M ort. B o n d s.......
S o u th east & St. L. Div. Second M ort. B o n d s .,.
L. & N. a> d South & N o rth A labam a R R T rust
D eed B o n d s............ - ............................ ...........
L. & N an d Mob. & Mont. Ry. T ru s t D eed Bds.
New 87 rleans & Mob. Diy. F irs t Mort. B o n d s ...
O
N ew O rleans & Mob Div. Second Mort. Bonds.
T en-forty A djustm ent Bonds................................
Lou. Cin. & Lex. Ry. F irs t Mort. d o u d s ............
Lou. Cia, & Lex. Ry. Second M ort. B o n d s.........
Lou Cin. < Lex. Ry. G eneral M ort. B m d s ___
&
P ensacola & Selm a D ivision B o n d s.....................
P ensacola & A tla tic RR. F irst Mort. B o n d s...
_
F ive p er cen t F irst Mort. T ru st Gold B onds_
F irst M ort. 5 p e r cen t 50-year Gold tsonds.......
Unified 50-year 4 p e r ce n t Gold B onds..............
K entucky Cen. Ry. F irs t M ort. 4 p. c. Gold Bds.
M aysv. & Lex. R R . Nor. Div 7 p e r cen t Bonds.
M aysv. & Lex. R R So. Div. 5 p e r cen t B onds..
_
L ouisville Ry. T ra n sfe r F irst Mort. B o n d s_ _

$90,724,660 $5,010,008
$8,539 60

15 consolidation lo com otives..... ................................
Right of w a y ............................................................. ..............
Grading an d p a v in g ....... ........................................................
Bridges .................................................................. . . . , '. . . .
Fences, sa fety g ates an d sign b o a rd s................................
Tunnels........ ............................T
................................................
B allast................... ................................. ..................................
Buildings............ ............ .......................................................
Shop m ach in ery .................... ............. ................ ...... ...........
S i d i n g s . . ; . . . . . . . . ................. ............................................. .
Filling tre stle s.................................................... .................
Difference in w eight of new steel ra ils rep lacin g lig h te r
rails.............. ....................... ................. .............................. .
Raising g ra d e ...........................................................................
Second tra ck s..........................................................................
Real e s t a t e ...........
...........................................................
W ater su p p ly —L ebanon J u n c tio n ............... $4,364 61
M ontgom ery..........................
3,010 21

a s fo llo w s :

.74 m iles.
2.933-08 miles,

Lou. & Nash. BR. m ortgage d eb t and in te re st. $79.131,660 $4,314,428
M ort. d eb t a n d in t. of o th er Co.’s in th e system 15,492,41 i
927,836
$94,624,072 $5,242,264
D educt—

In t. on L. & N. RR. B onds In th e T reasu ry .......
In t. on Ow ensboro & N ashville Ry. F irs t Mort.
B onds in th é T ru st. . . . . . . . . . . . . . . . . . . . . . . . . . . .
R e n t of Cecilia B ranch...................................... .
R e n t of p o rtio n o f C larksv & P riu c e to n B ra n c h
T otal estim ated in t. charges fo r 18 9 4 -9 5 ...

$114,800
72.000
60,000
12,040
------------------

258,840

$4,983,424

PAYM ENTS ON ACCOUNT O F SIN K IN G FUNDS, 1894-95.
M em phisC larks & L ouis.RR . S terlin g ..A u g . 1 ,1 8 9 4 ..$ 3 7 ,1 3 3
M em phis Clarks. <» Louis. RR. S te ilm g .. Feb. 1 ,1 8 9 5 .. 12,833
P en saco la D ivision..................................S e p t. 1, 18 9 4 .. 8,000
Louisv. & Nash, an d S o u th & N o rth Ala­
b am a R R .T ru st D eed............................ Oct. 1 ,1 8 9 4 .. 20,000
E v an sv . H end. & N ashv. D i v .,........ . .Dee. 1 ,1 8 9 4 .. 30,000
Louisv. Cin. & Lex. R y. F irst M ort. ...J a n . 1 ,1 8 9 5 .. 50,000
Louisv. Cin. & Lex. Ry. Second M o rt... Ja n . 1 ,1 8 9 5 .. 10,<-00
P en saco la & A tlan tic R a ilr o a d ..............Feb. 1 ,1 8 9 5 .. 38,720
Cecilia B ra n c h ............................................. Mar. 1, 1895.. 40,000
G eneral M o r tg a g e ............. ..................... Ju n e 1 ,1 8 9 5 .-2 3 5 ,5 3 6
-----------$482,272
S outh & N orth A labam a RR. S terlin g ..N o v . 1, 1 8 94.. 39,605
S outh N orth A labam a RR. S terling..D eo. l , 1 8 9 4 .. 53,460
S outh & N orth A labam a RR. S terlin g ..M ay 1, 1895.. 89,605
N ashville & D ecatu r R R .........................A p ril 1 ,1 895... 19,000
----------- 151,670

Total,

$633,942

604

THE CHRONICLE

GUARANTIES FO R O UTSIDE COM PANIES, E tc ., 1894-95.
J o i s t lease o f th e G eorgia R ailroad w ith C en tral RR. Co. of G e o r g ia T o tal y early r e n ta l u n d e r le a se .........
...................................$600.000
L ouisville & N ashv. RR. Com pany’s liability fo r h a lf r e n ta l. .300,000
By r e f e r e n c e t o t h e g e n e r a l r e s u lts s t a te m e n t i t w ill b e se e n
t h a t t h e r e w a s a lo ss o n t h is le a s e f o r th e p a s t y e a r of $24.784 08.
Southern Diy. C um berland & Ohio RR., g u aran teed in te re st. $21,000
N ashv. F lo re n ce & Sheffield Ry , *2,096,000 of five p e r cen t
bonds, g u a ra n te e d i n t e r e s t . . . . . . . . .............|£i............................ 104,800
BONDS IN T H E SIN K IN G FUNDS.

(V ol. LIX.

L o u is v il l e & N a s h v il l e R

a il r o a d

Co m pa n y .

’87-89. ’88-89. ’89-90. ’90-91. ’91-92. ’92-93. ’93-94,
413
428
457
477
511
534
54a
L oco m o tiv es___
P assen g er c a r s ..
319 330
330
347
415
448
44«
F re ig h t c a rs .. ..1 1 ,6 8 1 12,215 13,954 14,168 16,100 17,296 18,417
B ir m i n g h a m M i n e r a l R a i l r o a d C o m p a n y .

L o co m o tiv es.....
5
5
7
15
15
14
14
P assen g er c a rs.. ...................................................................................
F re ig h t c ars___
561
1,280 1,287 1,277 1,260 1,252 1,241
N a s h v il l e F l o r e n c e & Sh e f f i e l d R a il w a y C o m p a n y .

L ocom otives.......

2

2

2

2

2

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

The trustees of the Memphis Clarksville & Louisville RR. P assenger c a r s —
2
2
2
2
2
2
*"*2
245 482
488
485
480
478
475
Co. First Mortgage h Id the following bonds for the Sinking F re ig h t o a r s .....
Your attention is called to the table below, showing the
Fund:
117 LouisV. & Nashv. RR. Five p. c. T ru st Bonds, $1,000 each. 1117,000 excess mileage paid on foreign cars during the last eight
18 Louisv. < N ashv. RR. G eneral M ort. Bonds, 1*1,000 each . 18,000 years:
&
11 P en saco la & A tlantic RR. F irs t M ort. Bonds. $1,000 each . 11,000
14 N ashville C h attanooga & St. Louis Ry. F irs t M ortgage
T racy City B ranch Bonds. $1,000 e a c h .......... .................. 14,000
30 N ash. Chat. <s St. L. Ry. Bon A ir B ran ch B ds., $1,000 each SO,000
93 N ash. F lor. & Sheffield R y. F irs t M. Bonds, *1,000 e a c h .. 93,000
58 S outh & N o rth A labam a RR. Fi~e p er ce n t C onsolidated
M ortgage Bonds, l,O f 0 e a c h ................................................ 58,000
185 Louisville
N ashville R R . U nified F ifty -y ear Four p er
c e n t Gold B onds, $ l,0 o 0 e a c h ............................................. 185,000
2 N ash. Chat. & St. L. Ry. F irs t Con. M ort. B ds., $1,000 each
2,000
T o t a l . . . . . . . . . . . . . . ..................... ; . . . ..................... ................ . $528,000

The trustees of the South & North Alabama R iilroid Com­
pany Sterling Mortgage Hold the following bonds for the
Sinking Fund :
1
235
5
44
191

So. & No. A labam a RR. S terling M ortgage B o n d ................ $1,000
Louisv. & N ashv. RR. F ive p. e. T ru st B onds, $1,000 each 235,000
Lou.& N ashv. RR. P ensa. Div. F irst M. B onds, $1,000 each
5,000
Louisv. & N ashv. RR. G eneral Mtg. Bonds, $1,000 each . 44,000
P en saco la & A tlan tic RR. F irs t Mtg. Bonds, $1,000 each 191,000
T o ta l......................................... .............................................. .........$476,0C0

The trustees of the Nashville & Decatur Railroad Company
hold the following bonds for r s First Mortgage Sinking Fund :
200
91
50
69
3
70
29
4
34
1
2
2
13
28
2
4
1

N ashville & D eca tu r RR. F irs t Mtg. Bonds, $1,000 each . .$200,000
Lou. & N ashv. RR. P ensa. Div. F irst M. Bonds, $1,000 each 9 ' ,‘>00
N ashv. Chat. & 8t. L. R ’y Seven p. c. Bonds, $1,000 each. 50,00«
Nash. Chat. & St. L. R ’y F irs t Con. M. Bonds, $1,000 each. 69,000
Nashv. Chat. & St. L. R ’y L ebanon Br. Bonds, $1,000 each
3,000
T ennessee S tate T hree p e r ce n t Bonds, $ t ,00C e a c h _ _
_
70,000
So. & No. Ala. RR. F ive p. c. Con. M. Bonds, $1,000 ......... 29,000
4,000
N ashville C orporation Bonds, *1,000 ea c h ....... ...............
N ashville C orporation Bonds, $500 e a c h .............................
17,< 00
3<>0
N ashville C orporation B o n d ............ .......................................
N ash v ille C orporation Bond, $100 e a c h .............................
200
N ashville W ater-W orks Bonds, $500 e a c h ........................ .
1,000
Louisville & Nashv. RR. U nified Fi£ty-j e a r F o u r p e r cent
Gold Bonds, $1,000 e a o h .............................................. ......... 13,000
N ash. Chat. & St. L. Ry Bon A ir B r’ch Bonds, $1,000 each 28,000
D uck R iv er V alley RR. E ig h t p e r ce n t B onds, $500 each.
1,000
D uck R iv er V alley RR. E ig h t p e r c e n t Bonds, $1,000 each
4,000
D uck R iv er V alley RR. F irs t M ortg. Six p e r ce n t B o n d ..
1,000
T o t a l . . . . ....................................................................................$581,500

The trustees of the Louisville & Nashville ?and South &
North Alabama Railroad Trust Daed hold the following bonds
for the Sinking Fund :
66 L ouis. & Nash. RR. Five p e r ct. T ru s t B onds, $1,000 each $66,000
22 Louisville & N ashville RR. an d S outh & N orth A labam a
RR. T ru st D eed B on^s, $1,000 e a c h ................................... 22,000
99 L ouisville & N ashv. RR Unified F ifty -y ear F o u r p e r cen t
Gold B onds, $1,000 e a c h ....................... ........................ .
99,000
T o ta l.................................................... .
..................... ..........$187,000
EQUIPM ENT.

At the close of the fiscal year ended June 30,1894, the equip­
ment consisted of twenty thousand five hundred and eightythree cars and five hundred and sixty-three locomotives.
There have been expended for maintenance of equipment
$1,724,072 30, and ia addition thereto $274,589 of the “De­
ferred Renewals” (which will be expended this year) have
been charged to Operating Expenses, making the total charge
to Operating Expenses $1,998,661 30. The expenditures last
year on this account were $2,445,798 28, showing a decrease o f
$447,136 98.
There have been built in the various shops of the Company
during the year, and charged to operauag expenses, four
baggage cars.
There were built in the Company’s shops, and charged to
construction account, two baggage cars and two express
cars.
There were bought and charged to construction account fif­
teen hundred and twenty-five cars, consisting of seven han
dred and twenty-five box, four hundred fruit and four hun­
dred gondolas.
This makes the equipment July 1, 1894, as follows :
Cars.—At the close of the fiscal year ended June 30, 1893,
The C om pany ow ned ........................................ ..................... 19,476
A dd—

B o u g h t an d h u ilt d u rin g th e y e a r....... ........ ......................... 1,533
---------- 21,009
D educt—

C ars d estro y ed d u rin g th e y e a r............................... .............
Cars sold du rin g th e y e a r ............ ...........................................

410
16

30, 1893,

548

B o u g h t d u rin g th e y e a r................ .................................... .........

15

Ad d —

On h a n d July 1 ,1 8 9 4 .......................... ...........................................

$22,868 38
172,000 00
1 6 9 ,i4 5 f 4
113,107 26

I 1889-90 ......................... $134,480 00
| 1890-91.......................... 16* 636 97
I 1891-92 ............
158,046 41
| 1 8 9 2 - 9 3 ........................... 90,766 01

During the past year there was a revenue derived from the
mileage of Louisville & Nashville Railroad cars in excess of
that paid on foreign cars amounting to $22,243 39.
PA SSEN G ER T RA FFIC .

The number of passengers carried was 5,152,130, a decrease
from the number carried last year of 1,065,647, equal to 17 14
per cent.
The average fare received per passenger was 85 cents, against
80 cents last year.
The aggregate number carried one mile was 192,098,210,
against 211,671,216 in the previous year, a decrease equal to
9 25 per cent.
The number of passenger train miles was 5,001,486, against
5,136,331, being a decrease of 2 62 per cent compared with last
year. The net earnings per train mile were 35*913 cents,
against 38'028 cents in the previous year, a decrease of 5'56 per
cent.
The average number of passengers carried in each train was
35 74, against 39'14 in the previous year, a decrease of 8 69
per cent.
The average number carried in each passenger car was 10*42
p ct. against 11*28 in the previous year, a decrease of 7*62 p.ct.
The average distance traveled by each passenger was 36* 1
miles, against 33*0 in the previous year, and the average rate
per mile received from each passenger was 2*35 cents, against
2*42 cents in the preceding year, a decrease of 2*89 per cent.
F R E IG H T TR A FFIC .

The earnings derived from the freight traffic for the year
show a decrease of $2,428,388 45, the figures being *$12,435,416 90 gross freight earnings, against $14,863 805 35 earned in
the previous year, a decrease 16*34 per cent.
The tonnage carried was 9,433,698 tons, against 12,144,580
carried the previous year, a decrease of 2,710,882 tons, or 22*32
per cent.
The average rate received per ton was 71 cents, against 67
cents the previous year, an increase of 5*97 par cent.
The number of tons moved one mile was 1,393,679,019,
against 1,595.174,080 in the previous year, a decrease of 196,495,061, or 12 32 per cent, and the average rate received per ton
per mile was 0*889 of a cent, against 0*932 of a cent the previ­
ous year.
The number of freight train miles was 7,746,247, against
8,926,961 in the previous year, a decrease of 13*23 per cent.
The nv.t earnings per train mile were 54 944 cents, against
53*551 cents in the previous year, an increase of 2 60 per cent.
The number of mixed train milles was 663,524, against 616,920 the previous year, an increase of 8*53 per cent.
The average number of cars hauled in each traia was 1914,
against 18*52 iu the previous year, an increase of 3 35 per cent.
The average number of tons carried in each train was 165 $8,
against 166*35 in the previous year, a decrease of *58 per cent.
The average number of tons in each loaded car was 12 51,
against 12*54 in the previous yea»*, a decrease of *24 per cent.
The average number of m les that each ton was carried was
79 miles, against 72 miles in the previous year, an increase of
9*72 per cent.
P R O F IT AND LOSS.

There has been transferred to this account, in addition to
the amouot to the credit of Income Accouat, the balance here­
tofore carried in Suspense Account, amounting at this date to
$1,075,176 12.
An examination of the assets of the Company resulted in a
re-valuation of the same by the Directors, and losses, and ac­
counts and advances, considered uncollectible, have been
charged to Profit and Loss Accouat. A balance of advances
to the South & North Alabama Railroad of $697,669 02 re­
mains, which will be treated in like manner.
GENERAL REMARKS.

426

L On h a n d J u ly 1, 1 S 9 4 ................................................................... 20,583
L o c o m o t iv e s .— At the close of the fiscal year ended June
The Com pany o w ned.............. ..........................'i£X....................

1885- 8 6 ........................
1886- 8 7 ..........................
1*87-88............................
1888-89............................

563

The decrease in earnings during the month of July, 1893,
rendered retrenchment necessary. The pay of officers and
some of the employees was reduced twenty and ten per cent
on August 1, 1893, and the pay of the remainder of the em­
ployees was reduced on September 1, 1893.
Expenditures authorized for betterments and additions to
the property were suspended, wherever possibl“, and expenses
chargeable to operating expenses reduced to a minimum.
The great reduction in expenses, by which the Company
has been able to prevent tremendous losses in net earnings,

For comparison your attention is called to the following
tables showing the number of locomotives, passenger and
tra
...$12,435,416 90
freight cars on hand at the close of each of the past seven * R evenue d eriv ed from fre ig hftr e i gffic ...
R evenue deriv ed from Co.’s
h t;
465,697 00
„
-------------------- $12,901,113 90
fiscal years :




'OCTOBER

605

THE CHRONICLE.

6, 1*94.

«clearly demonstrates that in the pist the property has been
maintained at a high standard of excellence, otherwise such
large savings in expenditures could not have been possible.
CHESAPEAKE OHIO & SOUTHWESTERN RAILROAD COMPANY.

Negotiations for the acquirement of the interests of Mr. C. PHuntington in the Chesapeake Ohio & Southwestern Railroad
Company, his interests in certain other corporations, and feesimple and leasehold titles to a large amount of valuable real
estate in Louisville, Ky., Evansville, Ind and Memphis, TeDn.,
were concluded Nov. 28, 1893, by contract with the Illinois
Central Railroad Company.
The following is a list of securities, claims and property
purchased:
Securities.
Ohps. Ohio & S o u th w estern RR. Co.—
•Heoond Mortgage B onds........ ........................ $2,369,000 00
E qdpnaentT rust B onds.................................
470.000 00
ivnitai S to c k ........... ..............................
5,711,200 00
U n p aid Coupons from Second M ort B onds
673,950 00
Unpaid Coupons from E q u ip m en t B o n d s.
106,020 0 0

^

Short Route R ailw ay T ran sfe r C o .F irs t Mortgage B onds ................................. ^ In o ’qnn no
■Capital Stock. ................... . . . . . . . . . . . . . . .
402,300 00
Unpaid Coupons from F irs t M ort. B onds..
84,810 00

^

^

825,110 00

O w e n sb o ro F alls of R ough & G reen R iv er RR. C o .-

Capital S to ck........................ ........................ ....... 314,400 00

815,400 00
182,000 00

Ohio Talley RR. Co. G eneral Consol. F irs t M. B o n d s ....
Paducah Union D ep o t C om pany—
First M ortgage B onds....................................
$50,000 00
15,000 00
Capital Stock............................. ......................

65,000 00
$14,732,280 00

Claims.
Indebt, of Ches. O & So. RR. Co., a b o u t... $1,783,544 00
In d e b te d n e s s of S h o rt R oute R ailw ay
T ra n s fe r Co., a b o u t.................... ..............
9,000 00
In d e b te d n e s s of Owensboro F alls of Rough
& G re e n R iver RR. Co., about . . . . . . . .
25,000 00
I n d e b te d n e s s of T roy & Tip. RR. Co., ab o u t
7,000 00
I n d e b te d n e s s of Ohio Val. Ry. Co., ab o u t
60,000 00

42,767 34
1,927,311 34
Term inal Properties.
Real E state an d In te re s ts in R eal E s t a t e :
In Memphis, T ennessee—
Ownership of 31 p arcels of land.
In Evansville, In d ia n a —
Ownership of 37 p arcels, in te re s t in 17 p arcels of lan d a n d in te re s t
in a w a re h o u se ..
In Louisville, K en tu ck y —
Ownership of 49 p arcels an d in te re st in 46 p arcels of lan d .

revenue from property acquired from Mr. C P. Huntington
and from other corporations controlled :
1893.....................
18 9 2 ................
1891 . . . ........
1890............................

35
36
19
73

I 1 8 8 9 ....... .................
1888............................
1 8 8 7 ...................
1

$819,167 98
802,033 49
819,656 03

SOUTH CAROLINA RAILWAY.

Upon the acquisition in 1883 of the Georgia Central Rail­
road properties by the Richmond Terminal Company, it was
deemed to be the policv of this Company to secure a line ex­
tending into the territory south and east of Augusta, from
which it otherwise might be shut out. The South Carolina
Railway appeared to offer the best opportunities and to present
the best terms for consideration.
To effect such purchase, which it was thought best to make
in behalf of the Company and not direct, several of the largest
stockholders united in a syndicate which bought the controling interest of the junior securities, subsequently delivering
the same to the Company at cost.
Litigation between the various security holders reached a
conclusion, and a sale of the property, clear of all liens, was
ordered. The creation of a new corporation to acquire the
property and the i sue of new securities, which were to be
exchanged for existing first mortgage bonds or sold, and pro­
ceeds applied to payment of holders of first mortgage, bonds
of amount due them was contemplated. It was estimated
that the fixed charge upon the reorganiz 3d property would be
about $400,000 per annum.
The panic intervened, the business of the South Carolina
Railway fell far below expected figures, and your manage­
ment did not view concluding the purchase of the property
upon an interest charge of over $300,000 per annum as safe.
Negotiations with the first mortgage bondholders were entered
into prior to the sale of the road under foreclosure, but their
demands were too high, involving a capitalization of seven
millions of dollars over and above the sum of $1,247,440 58
already invested by the Louisville & Nashville Railroad Com- j
pany. After the rejection of a final offer made to the First
M >rtgage Bondholders’ Committee in March, 1894, the nego­
tiation was thereupon abandoned.

Claims of N ew port N. & Miss V alley C o ...

The Louisville & Nashville Railroad Company also con traded, among other things, that it would cause the Chesa­
peake Oaio & Southwestern Railroad Company, or its suc­
cessor, to lease, or should it acquire the property of the
Chesapeake Ohio & South western Railroad Company, it will
lease in perpetuity, to the Illinois Central Railroad Company,
equal rights with itself to the use of that portion of the rail­
road extending from Fulton, Ky., to Memphis, Tenn.
The carrying out of this contract has been delayed, and
may be prevented by a suit by the Commonwealth of Ken­
tucky, in which the lower court has recently held that the
charter of the Louisville & Nashville Railroad Company does
not authorize it to acquire the Chesapeake Ohio & South­
western Railroad. Appeals have been taken from this deci­
sion and should be heard and determined in the near future.
It is believed that the suits referred to will be eventually
won on appeal, and the properties acquired as the contract
intend»; the benefits of which will accrue to each of the con­
tracting parties in proportion to their respective interests.
Assuming that the remaining outstanding securities and
cliims, with the exception of the first mortgage bonds, could
be acquired upon not less favorable terms than those for
which Mr. C. P. Huntington’s holdings were purchased, the
entire property of the Chesapeake Ohio & Southwestern Rail­
road Company, with other corporations and real estate, im ­
provements thereon, including a moderate amount to provide
for expenditures on capital account, would be obtained upon
an annual interest basis of not over $800,000.
The following are the net earnings of the Chesapeake Ohio
& Southwestern Railroad Company for the periods named, as
per annual reports; miscellaneous receipts, rents received from
ground, trackage, etc., not included; neither is included the

$847,823
823,159
739,428
856,863

TEN-FORTY ADJUSTMENT BONDS.

The Company has the right after November 1, 1894, on
giving six months’ notice, to pay off $4,531,000 of ten-forty
adjustment bonds ($531,000 of which are in the Company’s
treasury); this right it is proposed to exercise as soon as the
general business situation will admit of satisfactory negotia­
tions, whereupon over $9,000,000 of securities will be set free
for the use of the Company.
DISCOUNT ON BONDS.

The practice which heretofore prevailed of charging to cost
of road the discount on bonds s Id has been changed by cre­
ating an “ Unfunded Discount Account,” to which is charged
discount on bonds sold; the amount is thereupon pro-rated for
the tferm of the bonds, and the proportion for each year wil
be charged against Income Account yearly.
By order of the Board of Directors,
M. H. SMITH, Prest.
AUGUST BELMONT, Chair’n.
REPORT OF THE COMPTROLLER.
A c c o u n t in g D e p a r t m e n t L o u i s v i l l e & N a s h v i l l e )
R a il r o a d C o m p a n y ,
v
L o u i s v i l l e , September 15, 1894. )

Mr. M. H. S m i t h , President:
I submit herewith statements showing the financial con­
dition of the Company, and the results from operation for
the year ended June 30, 1894, as shown in the following
tables :
No. I.—Income Account.
No. II.—Profit and Loss.
No. III.—General Balance Sheet.
No. IY .—Bonded Debt.
No. V.—Securities owned by the Company.
No. VI.—Gross Earnings, Operating Expenses, and Net, by
Months.
No. V II.—Total Earnings, Operating Expenses and Net.
Very respectfully,
C u s h m a n Q u a r r i e r , Comptroller.

TABLE NO. I.
INCOME ACCOUNT JU N E 30, 1894.
G ross E \ r n in g s —

From freight...................................................$12,901,113 90
From passenger............................................. 4 ,6 0 0 ,9 6 1 0 0
From m a ils ................................................
630,930 96
From express.................................................
4 1 V748 02
From miscellaneous ..................... .............
42 ”
',583 05
Total earnings....................... .............................................$18,974,336 93
Deduct O p e r a t i n g E x p e n s e s —

Conducting tra n s p o rta tio n .............................$5,077,215 35
Maintenance of equipment
.................. 1,936,948 12
Maintenance of way and stru ctu re......... 2 ,0 4 4 ,4 1 2 37
General ex p en ses..................................
1,805,21103
Total operating expenses (62’53 per ct.)..................... 11,863,784 87
Net earnings from traffic (37'47 per ot.) . . . . . . . . . . . . $7,110,552 06
D educt F i x e d C h a r g e s —

Interest and rents . . . . ....$ 5 ,0 6 5 ,2 7 7 18
T axes................ ..................
600,358 99
---------------------- $5,665,636 17




B rought fo rw a rd ................................ .
D educt—

r7

110,552 ob

___ ___

L o-s on G eorgia RR. lease.
$24,784 08
Loss on o th er roads, w hich
is a claim a g a in st th e m ..
139,929 58
--------------------

164,713 66

5,330,349 83

N et e a rn in g s........................ ............................................... $1,280,202 23
Ad d —

Incom e from in v estm en ts ......................................................

272,288 02

S urplus fo r th e y e a r ......... ........................................................ $1,552,490 25
B alance to th e cred it of incom e acco u n t J u n e 3 0 ,1 8 9 3 . 1,040,911 04
T o 'a l to th e c red it of incom e acco u n t J u n e 3 0 ,1894. $2,593,401 29
D isposed of as fo llo w s:
C harged to u n fu n d ed d iscount a c c o u n t..
$ 6 ,5 2 1 7 4
T ran sfe rred to p rofit a n d loss a c c o u n t... 2,586,879 55
--------------------- 2 ,5 9 3 ,4 0 1 2 9

TH E

606

CHRONICLE

fVOL. t i x

TABLE NO. II.
P R O F IT AND LOSS ACCOUNT JU N E 30, 1894.
C R E D IT S .

B a la n ce to th e c red it of th is acco u n t Ju n e 30 ,1 8 9 3 . . . . .
$59,246 79
In te re s t received on B onds in Sinking F u n d s ..................
32.106 50
C red its from v ario u s so u rces.............. . . ................................
5 ,1 '1 21
B alan ce tran sferred from In c. Acc’t, as n e r T able No. 1. 2,586,879 55
S uspense Account, b alance J u n e 30, 1893...15776,966 91
S uspense A ccount, b alan ce Ju n e 30, 1894... 298,209 21
----------------- 1,075,17612

D E B IT S.
Ten p. c. P rem ium on Bonds redeem ed fo rS in k in r Funds.
D iscount on South N orth A labam a R ailroad B in d s ___
S outh C arolina R ailw ay S e c u r itie s ................................... .
A m o u ntreducing S undry Stocks & B onds to m ark et v alu e
W estern & A tlan tic R ailroad Lease Notes............................
Non-collectible accounts charged off......................................

Advances to subsidiary roads as follows :

J L ¿ O öI
289,250 99
333,284 78

S outh & N orth A labam a R R ... $154,277 53
South «fc'North A labam a R R .,on
account B ills R eceivable....... 559,785 31
------------------$714,682 84
N o rth ern Div. Cumb. & O. R R .
238,696 04
.Southern Div. Cumb. & O. R R . $55,378 86
S o u th ern Div. Cumb. & O. R R .,
Coupon a c c o u n t....................... 147,000 00
- . , ..
202 378 86
N ash. F lor. & Sheffield Ry. Co.
513*818 50
1.668,956 24
$3,758,520 17

TABLE NO. III.
GENERAL BALANCE SHEET, JUNE 30, 1894.
A SSE T S.
COST O F ROAD AND EQ UIPM ENT.
R o a d fix tu res an d eq u ip m e n t....... ...................................... $106,325,490 89
.Real e state, q u a ir y an d tim b er la n d s................. ...............
876,467 95
INVESTMENTS.
B o n d s Ow n e d —

T eh -fo rty A d ju stm en t B o n d s...................
Unified 50-year 4 p. c. Gold Mort. B onds
L ou. Cin. & Lex. Ry. Gen. M ort. Bonds.
S ’OSs Iro n & Steel Co. 1 st M ort. B onds.
E u re k a C om pany F irs t M ort. B onds___
E lk to n & G u th rie BR. F irs t M ort. B onds
P en saco la & A tlan tic RR. L and Gt. Bds.
L .& N .andM ob.& M ont.R y.Tr.D eedB’n ds
S o u th ern Iro n Co. F irs t M ort. B o n d s ..
So. & No A la. RR. 5 p. c. Con. M. B onds
P en sa co la & A tla n tic RR. 1 st M. B onds
N ew Y ork & C harleston W arehouse &
Steam N av ig atio n Co. B o n d s................
B e B ard eleb en Coal & Iro n C om pany...
L og M ountain Coal Coke & T im ber C o ..
S u n d ry R ailro ad s an d o th e r B onds.......

$531,000 00
1,999,000 00
50,000 00
34,400 00
29,000 00
25,000 00
906,000 00
267,000 00
25,000 00
186,000 00
14,116 25
241,000 00
85,000 00
128,250 00
30,242 99

4,551,009 24

Stocks Ow n e d —

N ash v ille < D eca tu r R ailro ad S to c k ...
fc
$901,026 01
• O w ensboro & N ashville R ailw ay S tock.
5 7 ,6 0 1 7 7
N ashville F lo ren ce & Sheffield Ry. S tock
1,738 00
B irm in g h am M ineral RR. 8tock..............
159,250 00
E lk to n < G u th rie R ailroad S tock....... ..
&
15,175 00
Mobile & M ontgom ery R ailw ay S tock..
10,543 20
S outh & N o rth Ala. RR. S tock (common)
17,479 06
B irm in g h am R olling M ill Com p’y Stock
34,600 00
E x p o rt Coal Comp’y of P en saco la S tock
10,000 00
S u n d ry R ailro ad s an d o th er S to ck ....... . .
35,598 84
M a t e r i a l a n d S u p p l i e s —I n S h o p s
a n d o n L i n e o f R o a d ........ .....................

1,243,011 88
1,233,896 70

TRUST ACCOUNTS.
S t o c k s a n d B o n d s h e l d in T r u s t b y t h e Ce n t r a l
T r u s t C o m p a n y o f N . Y ., T r u s t e e , f o r T e n - F o r t y
A d j u s t m e n t M o r t . B o n d s a n d U n i f i e d F i f 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 .:

D educt—




$52,707,820 00'

Ca p it a l St o c k L ia b il it y .

O riginal stock an d sub. divs. u n issu ed ... . $ 8 3 ,8 6 1 8 0
Scrip issued on stock d ividends..............
8,318 20
U nlisted ca p ita l sto c k ................................ 2,200,000 00
---------------------

2,292,180 00

T otal c a p ita l stock a n d stock lia b ility ......................... $55,000,000 00
BON DED DEBT.
G eneral M ortgage B o n d s.......................... $11,056,000 00
C onsolidated M ortgage B onds.................. 7.070.000 00
T en-iorty A d ju stm en t B o n d s................... 4.531.000 00
U nified 50-year 4 p. c. G old M ort. Bonds 14,974,000 00
Mem. C larksv. & L. RR. F irs t M. Bonds. 1,996,660 00
M em phis & Ohio RR. F irs t More. Bonds. 3.500.000 00
New O. M. & T. Div. F irs t M ort. Bonds. 5.000.
000 00
N ew O. M. & T. Div. Second M ort. B ds.. 1 .000 .
000 00
P en saco la & Atl. RR. F irs t M ort. Bonds 2.905.000 00
P en saco la D ivision,F irst M ort. B o n d s ..
580.000 00
Cecilia B ran ch F irs t M ortgage B onds...
724.000 00
Ev. H end. & N. Div. F irs t M ort. Bonds. 2.181.000 00
L. & N, an d M. & M. Ry. T r. D eed Bonds 2.677.000 00
South-E. & St. L. Div. F irs t Moi t. B ondi 3.500.000 00
South E . & St. L. Div. Second M. B o n d s. 3,000,000 00
Leb.& Knox.. B ran ch M ortgage B onds.. 1.500.000 00
Pens. & Selm a Div. F irs t Mort- B onds.. 1.248.000 00
L. Cm. & Lex. Ry. F irs t M ort. B o n d s... 2.850.000 00
L. Cin. & L ex. Ry. Second M ort. Bonds.
892.000 00
Lou. Cin. & L ex. Ry. Gen. M ort. Bonds. 3.258.000 00
City of L ouisville, Leb. Br. E x t. B onds.
1,000 00
F irs t M. F iv e p. c. 50-year Gold B o n d s.. 1.764.000 00
F ive p e r cen t Col. T ru s t Gold B o n d s_
_
5.129.000 00
Ken. C. Ry. F irs t M. 4 p. c. Gold Bonds. 6.523.000 00
Mays. & Lex. RR. N. Div. 7 p. c. B o n d s.
400.000 00
M ays. & Lex. RR. 8. Div. 5 p. c. Bonds.
219.000 00
Louisv. Ry. T ran sfe r F irs t M ort. Bonds.
286.000 00
$88,764,660 00
D educt —

B onds included in th e foregoing deposited w ith th e C entral T ru s t Com pany
of N ew Y ork, T rustee, to secure $4,531,000 T en-forty A d ju stm en t Bonds,
viz.:
L ebanon-K noxville B ran ch B o n d s......... $1,500,000 00
Louisv. & Nasliv. a n d M obile & M ont­
gom ery Ry. T ru st D eed B o n d s............ 2,677,000 00
L ouisville C incinnati & L exington Ry.
G eneral M ort. B onds............................... 3,208,000 00
P en saco la & A tlan tic RR. 1st M ort. Bds. 1,000,000 00
P ensacola & Selm a Div. 1 st M ort. B onds
898,000 00

B onds—
Louisv. & N ash. L ebanon-K nox. B r . . . . $1,500,000 00
Lou. & Nash. P en sacola & Selm a D iv ..
898,000 OO
Lou. & N ash. Mobile & Mont. D iv ........... 2,677,000 00
Lou. & N. L. C. & L ex . Ry. Co. Gen. M. 3,208,000 00
P en sa co la & A tlan tic R a ilro a d ..............
900,000 00
A lab am a M ineral R a ilro a d .. , .................. 1,650,010,00
Stocks—
B lH IC Iff
V M b
L ouisville Cin. & Lex. R y. Co.............. ... 3,070,959 75
S outh & N o rth A labam a RR. Co............. 1,125,500 69
Mobile & M ontgom ery Ry. Co................. 3,372,906 12
294,000 00
S outh -E ast & St. Louis Ry. Co.................
P o n tc h a rtra in R ailro ad Co................ . . .
4,632 37
N ash. C h attan o o g a & St. Louis Ry. C o.. 5,355,538 75
250,728 48
O w ensboro & N ashville Ry. Co....................
H en d erso n B ridge Co.................................
501,000 00
P en saco la R ailro ad C om pany..................
2,850,00
47,062 54
Louisville R ailw ay T ran sfe r C o ,............
B irm ingham M ineral R ailro ad Co.........
690,410 00
A lab am a M ineral R ailroad Co................
225,010 00
N ash v ille F lo ren ce < Sheffield Ry. C o ..
&
60,600 00
H en d erso n B e lt R ailro ad Co................ ..
19,750 00

P en sa co la & Selm a D ivision F irs t M ort­
gage B onds deposited w ith th e F a rm ­
e rs’ L oan < T ru s t Com pany of New
fe
Y ork, T rustee, as p a r t co llateral fo r
G eorgia R ailro ad L ease..........................

$9,283,000 00

350,000 00

$9,633,000 00
---------------------Tw o-ten y e a r F iv e p e r ce n t G old O bligations of 1 9 0 4 ..

$25,753,958 70

C ost ot Lou. Cin. & Lex. Ry. Stock, w hich
h av in g been added to Cost of R oad is
th erefo re d educted from th is acco u n t. $3,070,959 75
C o sto f A labam a M ineral RR. B onds and
Stock, w h ich h av ii gbeen added to Cost
of R oad is th erefo re deducted from
th is acco u n t............................................... 1,875,020 0 )
C o .t of H enderson B e lt RR. Stock, w hich
h av in g been added to Cost of R oad is
th erefo re deducted from th is account.
19,750 00
C ost oi Louisv.R y. I ra n sfe r Stock, w hich
h av in g been a d le d to Cost of R oad, is
th erefo re deducted from th is account.
47,062 54
33 n d s iu clu d ed in Bonded D eb t de­
p o sited w ith C en tral T ru st Co. of N.
Y., T rustee, to secure $4,531,000 Tenfo rty A d ju stm en t Bonds, w hich h av ­
in g bf en d ed u cted from th e L iabilities
(3 m ded Debt) are th erefo re d educted
f om th is account, viz.:
X e an o n & K n o x .B r.B ’d s .$1,500,000 00
■M o. & M ont, l iv. B o n d s, 2,677,000 00
P us. & Selm a Div. B onds 898,000 00
L ou. Cin. & Lex. Ry. G en­
e ra l M ortgage B o n d s... 3,208,000 00
P en sa co la < A tlan tic RR.
fc
F irs l M ortgage B o n d s .. 1,000.000 00
---------- --------- 9,283,000 00
i C arried fo rw a rd .....................................

L IA B IL IT IE S .

CA PITA L STOCK.
Stock issu ed ........ ......... !iS
.............................................. .

§ i i 4,22q,$jb 66

79,131,660 005,000,000 OO1

October

THE

6, 1894.]

Brought fo rw a rd ................................. .
Pensacola & Selm a D ivision B onds in ­
cluded in B onded D ebt, deposited
dritti tbe F arm ers’ Loan& T ru st Co. of
N. Y., Trustee, as p a r t co llateral fo r
Georgia RR. L*ase. w hich hav in g been
deducted from th e L iabilities (Bonded
Debt) is th erefo re d educted from th is
— .—
account.........................

§ 14 ,293,792 2ç

CHRONICLE.

§ 114 ,229,876 66

350,000 00
$14,645,792 29

Bonds h e l d in T r u s t b y f a r m e r s ’ L o a n & T r u s t
Company o f N e w Y o r k , T r u s t e e , f o r F i v e p e r
cent T r u st B o n d s —

11,108,166 41

Birmingham M ineral RR. 1 st M. B d s.. $3,929,000 00
Owensboro & Nashv. Ry. 1 st M. B d s ... 1,200,000 00

Bonds H e l d i n T r u s t b y F a r m e r s ’ L o a n & T r u s t
Co. o f N. Y., T r u s t e e , f o r G e o r g ia RR. L e a se —
South & No. Ala. RR. 5 p. c. Cons. Bds..
$250,000 00
Louisv. & Nashv. P en s. & S. Div. B d s ..
350,000 00
Obligations h e l d in T r u s t b y U. S. T r u s t Co m pa n y
of Ne w Y o r k , T r u s t e e Two ten 5 p.c. gold o bligations of 1904,
for property p u rch ased from C. P.

5,129,000 00

607

CU R REN T L IA B IL IT IE S .
§ 139,131,600 00 ■
B rought fo r w a r d ......................
B ills P a y a b l e ....... ......................
$924,995 83
C ontracts P a y a b le .........................
1,208,219 76
______________
2 133 215 59P a y R olls fo r Ju n e ,’94, pay ab le in J u ly .
$672,995 91
’’
V ouchers fo r J u n e ,’94, p a y a b le in Ju ly .
228,608 92
U nclaim ed on P a y R olls............................
188,644 27
U nclaim ed on V ouchers................
81,178 91
---- x---- ----------1,171,428 01
, }
„
,
'
In t. on Bonds due J u ly 1 a n d Aug. 1.1,',
$817,923 11
U n p reseu ted C oupons...............................
76,193 00
A L
(
------------------- *
8 9 4 ,1 1 6 1 1
48,197 33D ividends U n c la im e d ............................. ...............................
D ue Sundry R ailro ad s an d P e r s o n s ...................................
218,671 92
O TH ER L IA B IL IT IES.
D ue to S undry RRs. an d P e rso n s...........
$199,863 06
D eferred R enew als of E quip, a n d Rails.
349,589 00

600,000 00

Huntmgton an d N ew p ort N ew s &

Mississi ppi Valley Co.............................. $4,500,000 00
Two-ten 5 p.c. gold o blig ations of 1904,
for Ches. O. & 8. W. reo rg an izatio n

and purchasing co m m ittee...................

500,000 00

Bonds and Ca s h h e l d b y T r u s t e e s o f S in k in g

5,000,000 00

FUNDS—

Trustees Louisville C in cinnati & Lex­

ington R ailw ay Sinking F u n d .....___

Union T rust Co., New York, T rustee,
Louisv. & Nashv. a n d South & N orth
Ala. RR. T ru st Deed Bds. (invested)..
Union T rust Co., New Y ork, T rustee,
Lou. & Nash, an d So. & No. Ala. RR.

Trust Deed B onds (u n in v ested ). . . _
_

Union T rust Co., N ew Y ork, to redeem

$50,000 00
168,022 16
902 83

called Bonds of Cecilia B ran ch ......... * 44,000 00
Trustees Memphis C larksville & L ouis­
488,610 63
ville RR- (invested)................................
Trustees M emphis C larksville & Louis­
ville RR. (u n in v ested )...........................
1,106 18
Central T rust Co. of New York, T rus­
tee (uninvested)......................"................
. 577 23
Lou isv ille & N a s h v i l l e a n d S o u t h & N o r t h A l a .
RE. T r u s t D e e d S i n k i n g F u n d B o n d s R e d e e m e d . .

753,219 03

40,000 00
ADVANCES TO SUBSIDIARY COMPANIES.
Nashville & D ecatu r R ailro ad Co.......... $1,006,660 40
293,907 11
Mobile & M ontgom ery R ailw ay Co.......
Elkton & G uthrie R ailro ad Co................
885 54
Mammoth Cave R ailro ad C o m p an y ... . .
2,129 03
1,303,582 08
AV A ILA BLE ASSETS.
Due from Station A g en ts..........................
$460,827 64
Net traffic balances due from o th er Cos.
44,453 23
Due from A dam s an d South. E xp. Cos.
52,651 46
Due from U. S. Gov’t, P . O. D ep artm ’t .
164,229 25
Due from S undry R a ilr’ds a n d persons.
795,456 61
Bills Receivable.......... ...................... ........
239,066 48
Unlisted C apital S to ck .............................. 2,200,000 00
3,956,684 67
Ca3h.............................. H ...................................
598,219 60
O T H ER ASSETS.
Due from South & N o rth A labam a RR.
Company...........:........................................
$697,669 02
Due from Sundry R a ilr’ds a n d P erso n s.
118,279 26
Bills Receivable, L an d N o te s .................
143,467 57
Bills Receivable, o th e r N o tes.................
175,098 46
1,134,514 31
Unfunded D iscount A cco unt....... ...........
293,478 26
T o ta l ................................................................. .............. $144,146,741 02'

Total............................. .............................. .......................$144,146,741 02

TABLE NO. IV.
BONDED D E B T JU N E
D

e s c r ip t io n .

City pf L ouisville, acco unt L ebanon B ran ch E x te n sio n B o n d s..
Ten-forty A d ju stm en t B o n d s......................................................... —
Louisville C incinnati & L exington Ry. F irs t M ortgage B o n d s..
Consolidated M ortgage, M ain Stem an d B ranches, B o n d s.........
Louisville R ailw ay T ran sfe r Com pany B onds.................................
Memphis & Ohio R a ilro ad S terling M ortgage B o n d s.....................
Memphis Clarksv. & Louisv. R ailro ad S terling M ortgage Bonds.
«-Cecilia B ranch M ortgage B onds..........................................................
Louisville C incinnati & L exington Ry. Second M ortgage B onds.
«-Evansville H en d erso n & N ashville Div. F irs t M ortgagejB onds.
Pensacola D ivision F irs t M ortgage B o n d s..‘....................................
South-East & St. Louis D ivision F irs t M ortgage B onds..............
Pensacola & A tlan tic R ailroad F irs t M ortgage B onds..................
New Orleans & Mo bile D ivision F irs t M ortgage B onds...............
New Orleans & Mobile D ivision Second M ortgage B onds .........
r- xeneral M ortgage B o n d s........................................................................
Louisville C in cin n ati & L exington Ry. G eneral M tg. B o n d s_
_
First M ortgage F iv e p e r ce n t T ru s t B onds......................................
First M ortgage F ive,per cen t F ifty -y ear Gold B o n d s....... ............
South-East & St. Louis D ivision Second M ortgage B onds...........
unified F ifty -y ear F o u r p e r c e n t Gold M ortgage B o n d s..............
Kentucky C e n tral Ry. F irs t M ortgage 4 p e r cent Gold B onds...
Maysville & L ex in g to n RR. N o rth ern Div. 7 p er ce n t B o n d s ...
Maysville < L ex in g to n RR. Southern Div. 5 p e r c e n t B onds___
te

A m ount.

30, 1894.
M aturity.

$1,000 O ctober 1 5 ,1 8 9 3 .
,531,000 Nov. 1,1894-1924.
,850,000 J a n u a ry 1 ,1 8 9 7 .
070.000 A pril 1, 1898.
286.000 May 1,1 9 0 1 .
,500,000 J u n e 1 ,1 9 0 1 .
,996,660 A ugust 1 ,1 9 0 2 .
724.000 M arch 1 ,1 9 0 7 .
892.000 O ctober 1 ,1 9 0 7
,181,000 D ecem ber 1 ,1 9 1 9 .
580.000 M arch 1 ,1 9 2 0 .
,500,000 M arch 1 ,1 9 2 1 .
,905,000|A ugu8t 1 ,1 9 2 1 .
OOO.OOOjJanuary 1 ,1 9 3 0 .
,000,000 1J a n u a ry 1 ,1 9 3 0 .
,055,000! Ju n e 1,1 9 3 0 .
50,000 N ovem ber 1 ,1 9 3 1 .
,129,000 ¡November 1 ,1 9 3 1 .
,764,000|M ay 1 ,1 9 3 7 .
,000,000|M arch 1 ,1 9 8 0 .
,974,000¡July 1 ,1 9 4 0 ,
,523,000 Ju ly 1,1 9 8 7 .
400.000 Ja n u a ry 1, 1906.
219,000! Ju n e 1,1 8 9 5 .
$79,131,6601

B ale o f
Interest.

Coupons Due.
A pril 15, O ctober 15.
M ay 1, N ovem ber 1.
J a n u a ry 1, J u ly 1.
A p ril 1, O ctober 1.
M ay 1, N ovem ber 1.
J u n e 1, D ecem ber 1.
F e b ru ary 1, A u g u st 1.
M arch 1, S eptem ber 1.
A pril 1, O ctober 1.
J u n e 1, D ecem ber 1.
M arch 1, S eptem ber 1.
M arch 1, S eptem ber 1.
F e b ru a ry 1, A u g u st 1.
J a n u a ry 1, J u ly 1.
J a n u a ry 1, J u ly 1.
J u n e 1. D ecem ber 1.
May 1, N ovem ber l .
M ay 1, N ovem ber 1.
M ay 1, N ovem ber 1.
M arch 1, S eptem ber 1.
Ja n u a ry 1, J u ly 1.
J a n u a ry 1, J u ly 1.
J a n u a ry 1, J u ly 1.
J u n e 1, D ecem ber 1.

Am ount o f
Interest.
$271,860'
199,500»
494,900'
22,880
248,784
120,424
49,000*
62,440129,9 0 0
34,800
210,000
114,300
300,000
60,000
659,160
3 ,0 0 0
256,450
88,200'
9 0 .0 0 0
598,960
260,920*
2 8 .0 0 0
10,950$4,314,428

« $4,000 of th ese b onds d raw n fo r S inking F u n d due M arch 1 ,1 8 9 3 , b u t n o t p resen ted fo r redem ption. In te re s t ceased on S eptem ber 1 ,
1893. Also $40,000 of these bonds di aw n fo r Sinking F u n d due M arch 1 ,1 8 9 4 . In te re s t w ill cease on S eptem ber 1 ,1 8 9 4 .
6 $1,000 of th ese b onds d ra w n for Sinking F u n d d ue D ecem ber 1 ,1 8 9 3 , b u t n o t pdbsented fo r redem ption. In te re s t ceased on D ecern«
her 1,1893.
‘
V
. C$1,000 of th ese bo nds d raw n for Sinking F u n d due J u n e 1 ,1 8 9 3 , b u t n o t p r e s e n ts ! fo r redem ption. In te re s t ceased on J u n e 1 ,1 8 9 3
$69,000 of th ese b onds d ra w n fo r S inking F u n d due J u n e 1 ,1 3 9 1 . In te re s t ceased on J u n e 1 ,1 8 9 1 .




60 b

THE

CHRONICLE,

TABLE NO. V.

secure the Louisville & Nashville 10 40 adjustment bonds and
the unified fifty-year 4 per cent gold mortgage bonds, viz :

SEC U RITIES, JU N E 30, 1894.

Following is a statement of Securiies owned by Company :
B on ds.
P a r Value.
5 3 1 1 0 -4 0 A dju stm ent Bonds, $1,000 e a c h ....................... $531,000 00
1 ,9 9 9 Unified F ifty -y ear F our P e r Cent G old M ortgage
B onds, $1,000 ea c h .................................| .................
1,999,000 00
50.000 00
50 Louis. Cin. & Lex. R ’y Gen. M. Bonds, $1,000 each.
43 Sloss Iro n & Steel Co. F irs t M. Bonds, $1,000 each.
43.000 00
29.000 00
29 E u re k a Co. F irs t M. Bonds, $1,000 e a c h _ ..-..........
_
25.000 00
50 E lk to n & G u th rie R ailro ad B onds, $500 each..........
906 P en sa co la & A tlantic RR. L and Gr. B. $1,000 each..
906.000 00
267 L ouisville & N ashville an d Mobile & M ontgom ery
267.000 00
T ru s t D eed M ortgage Bonds, $1,000 e a c h ..............
101 D e B ard eleb en Coal & Iro n Co. 99 a t $1,000 each,
a n d 2 a t $500 each ........................ ...............................
100.0 0 00
2 5 S o u th ern Iro n Co. F irs t M ort. B., $1,000 e a c h .........
25.000 00
186 S outh & N o rth Ala. RR. F iv ep . c. Consol. M ortgage
Bonds, $1,000 each........................................................
186,000 00
15 P en sa. & Atl. RR. F irs t M. Bonds, $1,000 e a c h .......
15.000 00
1 South & N ortli A labam a RR. S terling M ortgage
Bond, $1 ,0 0 0 ...................................................................
1,000 00
135 Log M ountain Coal, Coke a n d T im ber Co. Bonds,
$1,000 ea c h ........................ .............................................
135.000 00
241 N. Y. & C har. W areh’se & Steam Nav. Co. B onds ..
241.000 00
S undry R ailro ad an d o th er B o n d s.......................... .
29,695 94

T otal bo n d s....... ; .......................................................... $4,582,695 94
4Shares .
St o c k s .
36,632 N ashville & D eca tu r RR. Co. Stock, $25 e a c h ..
1,931 Ow ensboro & N ash. R ’y Co. Stock, $100 e a c h ..
1,144 N ash. F lor. & Sheffield R ’y Co. Stock, $100 each.
4,550 B irm ingham M ineral RR. Co. Stock, $100 each.
691 E lk to n & G u thrie RR. Co. Stock, $25 each.........
111 M obile & M ontgom ery R’y Co. Stock, $100 each
290 S outh & N o rth Ala. RR. Co. Stock, $1 O e a c h ..
346 B irm ingham R olling M ill Co. Stock, $100 each.
*69,088 K en tu ck y C entral R ’y Co. Stock, $100 each ___
750 E x p o rt Coal Co. of P ensacola Stock, $100 each.
* 600 Lou. H arro d ’s Or. & W est. RR. Stock, $100 each
63 New&Old D ec.B eltTer.& RR .Co.St’k, $100 each
*
84 P o n tc h a rtra in R ailro ad Co. Stock, $10 i each ..
192 S outh-E ast & St. L. R ’y Oo. Stock, $100 e a c h ...
2,058 T erm . RR. Ass’n of St. Louis Stock, $100 each..
150 P en sa co la R ailro ad Co. Stock, $100 each ...........
725 L ogM t. Coal, Coke & T im ber Co. S t’k ,$ 1 0 0 each
S undry R a ilro ad a n d o th e r S tocks........................
B ills Receivable, L an d N otes, e tc ..........................
T otal Stocks an d B ills R eceivable, etc
T o ta l B onds, Stocks and B ills R e ceiv ab le............

(V ol. L1X.

1,500
898
2,677
3,208
1,000
31
50

10-4Ö Mtge. Unified
B on d s.
Bonds. Mtge. Bonds
L. & N., Leb.-Knox. B r., $1,000 each ........ $1,500,000
L. & N., Pens. •» Selm a D iv., $ 1 ,0 0 ) each.
898,000
L & N., Mob. & M ont. D iv ., $1,000 each. 2.677.000
L. & N., L. Cin & Lex. R ’y Co , $1,000 ea. 3.208.000
P ensaoola & Atl. RR. Co., $ l,0 0 0 ie a o h ... 1 ,0 0 0 , 0 0 0
Ala. Min. RR. Co. 4 p. c., $1,000 e a c h _
_
$3,100,000
Ala. Min. RR. Co. 4 p. c., $1,000 e a c h _
_
50,000

T otal bonds
$12,433,000
Shares.
St o c k s .
15.000 L. Cin. & Lex. Ry. Co. P re f., $100 each. $1,500,000 $1,500,000
10.000 L. Cin. & Lex. Ry. Co. Com., $100 each .. 1,000,000
985.000
20.000 So. & No. Ala. RR. Co. P re f., $100 each. 2,000,000
2 ,000,000
11,274 So. & N o. Ala. RR. Co. Com. $100 each.
185,000
1,127,400
29,397 M obile & M ont. Ry. Co., $100 e a c h ......... 2,939,700
2,939,700
40.000 N. O. M. & T. RR. Co. as re o rg .,$ l0 0 each 4,000,000
3.985.000
9,800 S outh-E ast & St. L. Ry. Co., $ 1 0 0 e a c h ..
980,000
980.000
7,400 P o n tc h a rtra in RR. Co., $100 ea c h ...........
740,000
55,015 Nash. Chat. & St. L. Ry., $100 e a c h ___ 3,385,000
5,501,500
9,634 O wensb. & N ashv. Ry. Co., $100 ea c h ...
250,000
963,400
5,010 H enderson B ridge Co., $100 e a c h ...........
501.000
2,850 P ensacola RR. Co., $100 e a c h .................
285.000
1,000 Louisv. Ry. T ra n sfe r Co., $100 e a c h _
_
100.000
19,726 B irm ingham Min’l RR. Co., $100 ea c h ..
1,972,600
19,690 A labam a M ineral RR. Co., $100 e a c h ...
1.969.000
6,150 Nash. F lo i. & S he'. Ry. Co., $100 ea c h ..
615,000
395 H enderson B elt RR. Co., $50 e a c h .........
19,750

$915,800 00
193,100 00
T o ta l Stocks
$26,214,350
114,400 00
$38,647,3 ->0
455,000 00 I T otal B onds a n d Stocks
17,275 00
The Company also owns $2,000,000 South & North Alabama
11,100 00
29,000 00 Railroad Company Second Mortgage Bonds, which have been
34,600 00 deposited with the Union Trust Company of New Y ork City,
6,908,800 00 Trustee, to secure the Louisville & Nashville Railroad Com­
75,000 00
6 ,000 00 pany’s $2,000,000 six per cent Sinking Fund loan of April 1,
6,3n0 00 1880, $40,000 of these bonds, through the operation of the said
8,40 00 Louisville & Nashville Railroad Sinking Fuad loan, have
19,200 0 l een redeemed and canceled, thus reducing the amount to
205,800 00
15,000 00 $1,960,000
72,500 00
The Company also owns $1,200,000 Owensboro & Nashville
66,679 85
1,255,254 03 Railway Company First Mortgage Six per cent Bonds and

.$10,463,208 88
$15,045,904 82

*These Stocks, h av in g been included in cost of road, do n o t a p p e a r
•on T rial B alance u n d er th e cap tio n of “ Stocks O w ned.”

In addition to the foregoing securities the Company also
owns the following bonds and stocks, which are deposited
with the Central Trust Company of New York, Trustee, to

$3,929,000 Birmingham Mineral Railroad Company First
Mortgage Five per cent Bonds, which have been deposited
with the Farmers’ Loan & Trust Company, Trustee, to secure
the issue of $5,129,000 Louisville & Nashville Railroad Five
per cent Trust Bonds.
The Company also owns $350,000 South & North Alabama
Railroad Company Five per cent C msolidated Mortgage
Bonds and $350,000 Louisville & Nashville Pensacola & S *lma
I Division Bonds, which are deposited with the Farmers Loan
& Trust Company, Trustee, as collateral for the Georgia Rail­
road lease.

TABLE NO.

VI.

GROSS EARNINGS, O PER A TIN G E X PE N SES AND N ET, BY MONTHS.
R e c a p it u l a t io n .

(L. & N. S y s t e m .)

M o n th s.

J u l y ........................ 1893
A u g u st................... “
S ep tem b er............ “
O c to b e r ............... “
N ovem ber.............. “
D ecem ber.............. “
J a n u a r y .................1894
F e b r u a ry .............. “
M a rch ..... ............... “
A p ril....................... “
M a y .........................
J u n e ........................ “
T o ta l .......................

Freight.
$

Passenger.
$

Express.

M iscellan­
eous,

$

M ail.
$

fA verage fo r y ear, 2,955-98 miles.]

$

O perating
E xp en ses..

Total
E arnings.
$

$

P. et. o/Exps.
to Earnings.

Net
E arnings.
$

64
33
11
36
87
78
96
29
36
81
13
42

68T9
65-17
555756585959-73
62-81
686969-93

12,901,113 90 4,600,961 00 630,930 96 415,748 02 425,583 0 5 ! 18,974,336 93 11,863,784 87 7,110,552 06(

62-53

1,081,917 20
942,448 81
948,572 13
1,112,087 79
1,260,473 94
1,171,708 44
1,161,141 65
1,024,853 50
1,187,758 32
958,323 76
1,011,683 86
1,040,144 50

461,260 99
453,430 80
432,316 14
424,642 19
353,951 36
379,573 77
369,754 50
334,061 30
344,983 45
323,575 78
352,094 94
371,315 78

49,895
49,513
49,828
48,798
53,511
53,282
54,078
56,704
56,548
53,172
52,318
53,277

49
69
85
66
26
72
68
52
97
19
90
03

33,471
30,829
29,053
33,202
37,522
42,030
33,371
29,461
34,443
35,351
43,678
33,331

46 60,664 08
28 47,412 86
50 26,788 51
51 3 0 ,8 2 1 1 3
49 28,658 43
92 28,254 39
90 36,262 88
08 36,016 33
03 ' 34,755 72
35 27,485 47
65 21,693 03
8= 46,740 22
>

1,687,209
1,523,635
1,486,559
1,649,552
1,734,117
1,674,850
1,654,609
1,481,126
1,658,489
1,397,908
1,481,469
1,544,809

22
44
13
28
48
24
61
73
49
55
38
38

1,150,154
992,882
824,067
953,347
980,725
979,869
986,835
884,675
1,041,630
957,047
1,032,033
1,080,215

58
11
02
92
61
46
65
44
13
74
25
96

536,754
530,753
662,492
696,204
753,381
694,980
667,773
596,451
616.859
440.860
449,436
464,593

TABLE NO. VII.
TOTAL EARNINGS, O PER A TIN G EX PE N SES AND NET.
R e c a p it u l a t io n .

SlSSlS

■
■

■■•it , '

Sources ,
P assen g er ea rn in g s....................................................................................
T ra in p r iv ile g e s .........................................................................................
R e n t of fre ig h t”c a r s ...................................................................................
R e n t of en g in es...........................................................................................
R e n ts ....... .......................................................................................................
C ar deten tio n s, storage, e tc ...................................... ..................J..........
W harfage an d storage, P ensacola, F la ................................................
B rid g e fo ils............. ........................... ..........................................................
T e le g ra p h .......................................................................................................
Storage^ St. L ouis S torage W arehouse..................................................
G ran d t o t a l ............................................................................. . ........




Percentage
o f Gross \
E arnings.
24-248
3-325
2-191
•150
67-993
•132
•892
•504
•390
•092
•049
•006
•022
006
100000 1

Gross E arnings.
$4,600,961
630,930
415,748
28,465

00]
96 1
02 f
00 J

Operating
Expenses.

Net
E arnings.

$5,676,104 98

$3,611,02745

$2,065,077 53

12,901,113 90
24,943 23
169,399 80
95,676 52
73,976 92
17,345 08
9,392 80
959 87
4,125 64
1,298 19

8,252,757 42

4.648,356 48
24.943 23
169.399 80
95,676 52
73.976 92
17.345 08
9.392 80
959 87
4,125 64
l ’298 19

$18,974,336 93 $11,863,784 87

$7,110,552 06

43
79
55
50
64
46
66

October

(ftu w m m ia l

COMMERCI AL

fir n e s .
Th e M ovem ent

E P I T O M E .

©ot. 5 ,1 8 9 4
Operations in staple commodities have continued moderate.
Buvers manifest a spirit of caution and when ordering supplies
make close calculation to apparent early requirements. The
disappointing character of fall trade in staple productions has
served as an influence to weaken values. Crop indications
for the current week have generally been considered propi­
tious. Cotton is believed to have escaped further injury and
later information indicates that damage to rice by the hurri­
cane of last week will affect quality without important re­
duction in quantity. Corn has matured rapidly, and the crop
is practically secure, with continued evidence of better yield
than previously calculated upon. Wheat-seeding area has
been enlarged in some localities. Reports of possible political
complications in Europe have served to strengthen the value
of wheat, and other grains gained tone in sympathy.
The following is a comparative statement of stocks of
leading articles of merchandise at dates given:
F r i d a y N ig h t ,

Oct. 1,
1894.

Sept. 1,
1894.
Pork....... ......... . . . . . ----------bbls.
. . . . — tcs.
Lard..............
Tobacco, d o m estic............. hhds.
Tobacco, foreign................ bales.
Coffee, Rio............................ bags.
Coffee, o t h e r . . . . . ................ bags.
Coffee, Ja v a , « fee..............mats.!
Sugar.................................... hhds.
S u g a r ..............................bags.
Molassps, fo re ig n ...............hhds.
Hides.......................................N o .
C o tto n .............. ................baleB.
R o s in .......... . . . . . . . . . -...b b ls.
Spirits tu rp e n tin e ................ bbls.
Tar..........................................bbls.
Rice, E. I ...............................bags.
Rice, dom estic......................bbls.
Linseed ...... ......................... bags.
Saltpetre............................... bags.
Jute butts....... . . . . . . . . . . . . b a l e s .
Manila h e m p .... . . . . . . ...b a l e s .
Sisal hem p...........................bales.
Flour.......... ....b b ls . a n d sacks.

5,942
6,902
18,208
48,611
154,000
29,336
47,000
13,788
904,424
Nòne.
176,800
92,480
20,122
1,594
649
18.000
600
None.
9,000
None.
6.364
12,905
167,700

11,922
7,952
18,268
46,823
184,696
37,380
36,111
11,201
689,287
None.
92,400
79,503
19,258
1,040
1,235
9,000
1,200
None.
8,500
None.
6,364
9,235
139,900

Oct. 1,
1893.
3,895
9,555
17,599
44,150
82,830
17,100
100,628
163
6,251
550
272,100
130,745
20,664
1,283
1,717
4,700
1,500
5,460
11,000
15,6"0
None.
13,4 9
121.500

Lard on the spot has met with a slow trade and prices have
declined, closing easy at 8c. for prime Western, 7^@7%c.
for prime City and 8‘60c. for refined for the Continent. The
speculation in lard for future delivery at this market ha*
been dull, and prices have declined UDder unexpected heavy
receipts of swine at primary points and in sympathy with a
break at the W( st, closing easy.
d a il y c l o s in g p r i c e s o p l a r d f u t u r e s .

Sat.
October.............................. . 9-05
Jan u ary ........ .............
8'15

Mon.
8 80
8'10

Tues.
8-30
7'85

Wed.
8-35
7-90

Ih u rs .
8-00
7*85

Fn
8-00
7*80

Pork has been quiet, but steadily held, closing at $14 75 3
$15 25 for mess. Cut meats have been quiet and easier. Tal­
low has been steady at 4%c. Cotton seed oil has declined,
closing at 28c. for prime crude and 33%c. for prime yellow.
Raw sugars remained under neglect, with tone of market
weak. Centrifugal quoted nominally at 3%c. for 96-deg.
test and muscovado at 3J^c. for 89-tesf. Refined sugars have
further declined without attracting increased demand; gran­
ulated quoted at 4%c. Teas aDd spices neglected.
Coffee dull and lower, with demand indifferent at the de­
cline. Rio quoted at 15j^c. for No. 7 ; good Cucuta 18^@
18%c. and interior Padang 22%@22%c Contracts for future
delivery sold out freely, causing a decline in value, but at
the close there was a trifle greater steadiness. The following
were final asking prices:
Oct....................12'75c. I J a n .....................10 95c. I A p ril.................. 10'80<\
Nov...................1 1 9 5 c. Feb.....................10 90c. M ay .................... 10 70c.
D e c ..................11^35o. I M arch ................10'85o. I Ju n e . . . . . . . . . . . --------

Kentucky tobacco has been in light request but prices have
been without change and steady; sales 150 hhds. Seed leaf
tobacco has sold moderately well at steady prices; sales for
the week 1,700 cases, as follows: 500 cases 1893 crop, Zim­
mer’s, 10c.; 50 cases 1892 crop, Zimmer’s, 15@16c.; 125 cases
1892 crop, New England Havana, 16@45c.; 100 cases 1893
crop, New England Havana, 8@12c.; 175 cases 1892 crop,
State Havana, 11@ 14c.; 150 cases 1893 crop, State Havana.
8®9c.; 400 cases 1892crop, Wisconsin Havana, 10@12c., and
200 cases 1893 crop, Pennsylvania Havana, 12@ 14c.; also 500
bales Havana, 70c.@$1 05, and 300 bales Sumatra, 90c.@$2 60,
There has been a fairly active speculation in the market
for Straits tin, and prices have declined slightly in response to
weaker advices from abroad, closing easy at 15‘75c. Ingot
copper has been without change, closing firm at 9,65@9,70c.
for Lake. Lead has been a shade lower, closipg quiet at
3'15c. for domestic. Spelter has been without important
change, closing dull at 3 '42^c. for domestic. Pig iron has
been steady at $9 75@$13 for domestic.
Refined petroleum has been steady at 5 15c. in bbls , 2'65c
in bulb and 6 25c. in cases; crude in bbls. is unchanged,
Washington closing at 6c. in bbls. and 3 50c. in bulk; naphtha
bid 5%c. Crude cer;ificates have been steady, closing at
82^c. bid. Spirits turpentine has advanced, closing steady
at 28^c.@28%c. Rosins have also advanced, closing firm at
$1 25@$1 30 for common and good strained. Wool has been
moderately active and steady. Hops have been quiet and
without change.




609

THE CHRONICLE

6, 1894.]

of

C O T T O N .
F r i d a y N i g h t , October 5, 1894.
t h e C r o p , as indicated by our telegrams

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 244,616 bales,,
against 202,221 bales last week and 145,547 bales the previous
week; making the total receipts since the 1st of Sept., 1894,
716,664 bales, against 565,614 bales for the same period of
1893, showing an increase since Sept. 1,1894, of 150,800 bales.
Mon.

Sat.

Receipts at—

Tues.

G alv esto n ......... 9,538 15,399 6,516
Velasco,
371
New O rle a n s.. 12,426 14,720 21,940
M obile............... 2,556 2,500 2,539
......
F lo rid a .............. . . . . . . . . . . . .
S a v a n n a h ......... 7,310 5,739 9,067
......
.....
......
B ru n sw ’k.&o.
C h a rle sto n ....... 1,953 4,355 3,630
......
P t. R oyal, &c. . . . . . .
974 1,5C0 2,503
W ilm in g to n ....
......
W ash’to n , &e. . . . . . .
......
N orfolk.............. 1,174 1,828 1,891
600
337
369
W est P o in t...
.........
.........
N’p o r t N., &o. . . . . . .

Fri.

Wed.

Thürs.

8,737

10,853 12,472 63,515=
....
1,108
1,479
10,983 11,710 77,779502 1,302 10,076
120
.........
120
8,049 6.C31 42,533
1,598
1,593
........
2,747 •4,891 19,849
129
129
.......
1,873 2,855 1 1 ,9 2 6
16
16
1,826 2,779 10,711
2,212
705
373
373
.........

6,000
677
......
6,337
.....
2,273
.........
2,218
.......
1,213
2 (1
.........

Total.

......... 1,804
1,804
1
499
25
11
T ot’ls th is w eek 37,202 46,472 48,523 27,667 36.858 47,894 244,616
B a ltim o re .........
P h ilad elp h ’a &o

62

300

......
100

The following shows the week’s total receipts, the total since
Sept. 1,1894, and the stock to-night, compared with last year.
Receipts to
Oct. 5.

1894.
This Since Sep.
Week. 1 ,1 8 9 4 .

Stock.

1893.
This Since Sep
Week. 1 ,1 8 9 3 .

1894,

1893.

182,284
4,167
189,812
34,287
120
152,151
5,830
65,479
10,650
37,222
79
23,326
4,506
756
........

141,310
2,401
125,040
23,709
440
155 6 Ì2
1,647
44,650
4
24,641
13
25,413
6,411
1,009
467
651
3,417
3,759

103,120

110,257

95,117
12,973

95,267
13,771

83,967
2,343
47,658

76,497

17,448

16,762

10,963
1,049
100
79,882
4,600
12,574
2,311

15,442
2,047

1,804
499

51,484
1,311
58,664
7,812
300
50,967
475
22,654
4
11,433
6
12,092
4,310
380
......
25
1,155
3,735
384
2,260

131,78©
7,500
9 ,342
4,702

T o ta ls ....... 244,616

716.664 223,456

565,6 4

474,105

534,66©

G a lv e s to n ...
Velasco, &c
New O rleans
Mobile..........
F lo rid a .......
S avannah...
Br’wick,&c
C h a rle s to n ..
P.Royal,& c
W ilmington..
W asn’n, &c
N o rfo lk ........
W est Point
N’p ’tN .,& c
New Y o rk ...

63,515
1,479
77,779
10,076
120
42,533
1,598
19,349
129
11,923
16
10,711
2,212
373

B a ltim o re ...
Philadel.,& o.

51,29©

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

1894.

1893.

G alves’n,&c.
New O rleans
M obile.........
S a v a n n a h ...
Char’ton,& c.
Wilm’ton,& o
N orfolk.......
W. Point,& o.
U lo th e r s ..

64,994
77,779
1 0 ,0 :6
42,533
19,849
11,939
10,711
2,585
4,150

52,795
58,664
7,812
50,967
22,658
11,439
12,092
4,690
2,339

Tot. th is w k.

244,616

223,456

Since S ept. 1 716,664 565,614

1892.

1890.

1891.

1889.

49,813
87,551
14,997
58,444
28,290
11,445
24,192
17,121
7,511

53,321
73,532
13,803
58,604
23,320
9,889
28,533
15,004
20,113

191,120 299,364

296,119

273,609

596,475l1036,952l1129,515

991,782

60,150
34,062
8,801
39,413
18,446
8,625
8,903
6,751
5,969

52,643
74,522
13,447
60,131
16,332
9,08©
21,243
13,698
12,513

The exports for the week ending this evening reach a total
of 134,636 bales, of which 38,996 were to Great Britain, 9,344
to France and 86,296 to the rest of the Continent. Below are
the exports for the week and since September 1 ,1894.
Export*
from —

From Sept. 1,1804, c Oct. 5,1894
Week Endino Ost. 5.
Exporte t to—
Exported to—
Conti­
Conti­ Total Great
Great
lotai.
B rit’n. France nent. Week. Britain. France nent.

4,028
G a lv e sto n .......
V elasco, & c....
New O r le a n s .. 15,703
viobile & P e n .

8,514

26,300 20 300
350
350
9,600 9,6oO
12,649 12,649

C h a rle s to n * ..
'V ilm in g to n
W est P o in t...
200
N’p ’t N ew s, &c
13,681
New Y o r k ...
4,334
1,000
B altim o re.. ...
HO
P h ila d e lp ’a . . . .
T o ta l..............

13,152 25,694
1,050 1,056
11,973 27,670

38,996

16,243 22,630
74,412

4,478

10,519

25,760
3,343
24,179
735
26,300
350
15,228
19,638

64,539
3,343
103,069
735
26,300
350
25,747
19,036

...........
730
100

200
9,013 28,374
4,334
2,203 3,303
100

9,344 86,296 134,636

T o ta l. 1 8 9 3 .... 31,439 16,201 45,7421 98,882
* I n c lu d in g P o r t R o y al.

300
34,438
9,778
1,650
300

1,072
100

147,640 28,180
99,752 38.334 1

24,719
30
7,352
100

300
60,229
9,808
9,102;
400

147,738

323,55©

97,769

235,845

THE

610

CHEONIGLE.

[V o l . L lX .

T h e S a l e s a n d P r i c e s o f F u t u r e s ,a r e
In addition to above exports, our telegrams to-night also
.give us the following amounts of cotton on shipboard, not f o llo w in g c o m p r e h e n s i v e t a b l e .
¿cleared, at the ports named. We add similar figures for
2
New York, which are prepared for our special use by Messrs.
O h i® ® Q h J ® g
Ohi®©
Lambert & Barrows, Produce Exchange Building.
^O .ë.g' o ä £ ® m m
!» ,» ® g oa ® ® pi
tf® ®$ P o o -V8 P O'* V
»
B d
P oo- ® w® ® i
ON SHIPBOARD, NOT CLEARED—FOR
C5M S’P* '.V o
P O
< M St*
W
L eaving
S
>
“ -■— • o
*
Oct. 5 ai—
Stock.
Great France. Other Coast­
Total.
p ro
Foreign wise.
B rita in .
N ew O rle a n s ...
G alv esto n .........
S a v a n n a h ......
O aa rle sto n .......
M o b ile..............
N o rfo lk . . . . . . . .
N ew Y ork.........
O th e r p o r t . . . .
T o ta l 1 8 9 4 ...
, T o ta l 1 8 9 3 ...
T o ta l 1 8 9 2 ....

44.447
45,134
62.967
33,458
8,273
5.963
65,132
23,425

14,521 521,715
15,158 16,569
None. 18,000
5,300
None.
None.
700
None. None.
8,750
950
None.
7,000

510
2,000
3.000
1,200
None.
1.000
None.
None.

50.670
57.986
21,000
14,200
4,700
5,000
14,750
17,000

63,933 30,629 73,034

7,710

185,306

288,799

12,379 I 60,353 14,414
3,887
7,252 1 40,456

167,«80
137,062

366,789
499,756

13,924
21,259
None.
7,700
4.000
4.000
5,050
10,000

80,234
85,467

Speculation in cotton for future delivery at this market has
reached a larger volume, with sharp and numerous fluctua­
tion in values. Business for the week under review com­
menced on Saturdayjwith liberal offerings of contracts, es-'
specially for account of Southern operators, and these meeting
with only light, indifferent demand, prices declined 9 a i l
points, closing tamely at the lowest rates of the day. Oa Mon­
day there was another break of 12 points in consequence of
disappointment over the tenor of foreign advices and a re­
newal of pressure to sell with quite a number of “ long ” en­
gagements liquidated on exhausted margins,, Tuesday opened
withweak cable advices, causing further depression here, and
U@3 points additional decline, showing the remarkably low fig­
ure of 5'80 for November option, but from that level the mar­
ket commenced to strengthen and quickly regained 18vgl9
points from the lowest.
The stimulus was found
in the improved character of advices from abroad and
reports of low temperature approaching the cotton belt. Wed­
nesday brought an acute decline at the opening of 10@11
points, Liverpool failing to show the strength calculated upon,
and some disquieting feelings arising in consequence of Euro­
pean political news; but before the close the market had par­
tially recovered and was firmer. Yesterday demand set in
again with much force, the short interest covering with free­
dom in consequence of more promising news from Liverpool
and a marked reduction in pressure to realize from the South.
Som e 13@14 points advance was secured and held. To-day
the market opened 8@9 points lower and exhibited sudden
buoyancy, making 7 points net gain over last evening on ru­
mors of reduced crop estimates from the South. Cotton on
spot dull at 6 5-16c. for middling uplands.
The total sales for forward delivery for the week are 837 000
'bales. For immediate delivery the total sales foot up this week
5,4.08 bales, in clu d in g----for export, 2,406 for consumption
— for speculation and 3,000 on contract. The following ar
«the official quotations for each day of the past week—
September 29 to October 5.
Kates on and off middling, a3 established Nov. 22 by th
Revision Committee, at which grades other than middling
may be delivered on contract:

T il.

! 5
n

5^8
6 ais
73,«

G U L F.

5*8
5*8
5*8
513w
5131€
6 5 6 6<4
6*4*” 6<4
6<4
6M
iß 69ie 8*16 ö9t6
658
7»,« 713
7>e
7*8
m
S a t. M o n T u e s W e d T il.

■j . C
O

6 78~
87i«

STA IN ED .

53s

69,6
6l31K 6 78
67,8
6%
F ri.

W e d T il.

4i51
(
57
8
6^82
65i«

L o w M iddling..................
M iddling......... ................
f itrio t M id d lin g .............
Good M iddling T inged.

47s 478
5|316 Sigisi
o‘< 6112
!2
6«4
6*4

4 7s
5 i3 ie
6 i32
6<4

4 78
5!316
6 i,a
614

4>5i6
5 78
63;*.,
6»ib

MARKET AND SALES.

The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
-■statement.
SALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

f la t’d a y .
M onday
T uesday
W ed’day
T h u r’d’y
F rid a y ..

Quiet at. i« d e c ..
Q uiet a t *ie dec.
Q uiet...................
S te a d y ............ .
S te a d y ______. . . .

Steady a t lie ad.

Total




Con- Spec- Con­
Ex­
port. sum p. u l't’n tract. Total.
270
015
145
622
434
320

__ 2.406

Sales o f
Futures.

270
2,215
1,245
922
434
320

83,900
116,600
178,700
132.500
150,800
194.500

.... 3.000 5.406

887.0 40

....

1,600
1,10<
300

Ü ^
IW >
OO ©
CD
NC ’
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L
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to
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côv, I 9.®;
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' K * to
)

05 05 Ô 05

F ri.

57,6

; 0*9 ga«2,
© o
Ioor* 15 030- r o i ö rt 1 ® T ® £ L §.Sa
O«
O
K
-l
c©
A
03^
$&
(J
j
►
>
►
> .
11 £ 11 £ i 1 £ 11 * 11 <
«
rs
a:
I a:
l«
1a
I 9:
I1
I I:

to
idi
< ©w 5 © %
O® ® 0 0 ® cèco ^
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T
^
PJ P
© © C W oo© w C CIO I
8
CÓ C
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00 to co _*-t©_©_ toco co
to
' to
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to® n ® ÒCÓ 3 coo MD
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1a*®:
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V
o' , a o>o C*JCÜ
T *O 1
CO
ce©< C
0105 -’®
O

F ri.

«Good M id d lin g ..................
M iddling F a ir ..............................

M o n T u e s W ed

Moot-* - h-c© _
© 03 ^ O C G ^
KO

foco ©

On this basis the prices for a few of the grades would be as
■follows:
S a t.

O
D
5*a£.c
a* OP
od
M©*>3*
D
P O'
B
«'■oo- I s . !
eS h
I.MOa Ss 8}
■-®
Sì «
tejS a
s> •
5 a
9
p.
:
cm
Ohi®S.

p : os

«• ■
®■ I
Ü
I

F a i r ....... ........................... c. 1H oa. Good O r d in a r y ..............c. l 1^ o i
M iddling F air. ............
7$ on. Good M iddling T in g e d ...
E v en .
S tric t Good M iddling....... *2 on. S tric t M iddling S ta in e d ..
oft
Good M iddling................... 6ie on. M iddling S t a i n e d .............. 71(J oft
»Strict Low M id d lin g ...... 318 off. S tric t Low Mid. S tain ed .. 2482 oft
Low M id d lin g .............. .
718 oflf. Low M iddling S ta in e d ....
o i.
■Strict Good O rd in ary ....... 1318 oil.

UPLANDS.

s h o w n o y the

to
^
®
**

II
I<
9

to
1< S
n

:

05 0 5 0 0 5 *

b cco^ w
tOO* 03
OO
5
cô W G
QOCO ^
1 a #

II
I«
O Oi
to ° i

1 !

£

to
11 *
» C
D

l©
I I

The following exchanges have been made during the week:
•36 pd. to exch. 1,000 Ja n . fo r Ju ly .
06 pd. to exch. 1,000 Ja u . for Eeb.
•04 pd. to exch. 100 Nov. fo r Dec.
•38 pd. to exch. fiOO Oct. fo r May.
•08 pd. to exch. 500 Oct. fo r Deo.

| 01
'19
I ‘18
I •06
| •24

pd. to
pd. to
pd. to
pd. to
pd. to

esoli.
exch.
exon.
exch.
exoh.

500 Oct. for Nov.
200 Oct. for Feb.
3 tO Dec. foe Mch.
100 Dee. for J a n ..
100 No v. for Mob

The V isible S upply of Cotton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Oct. 5), we a d i the item of exports from
the United States, including in it the exports of Friday onlyi

OCTOBER

THE CHRONICLE.

6, 1894.]

1893.
1892.
1891
1894.
Stock a t L iverpool.........b a le s. *799>000 8 8 2,0001,051,000 633,000
8,000
8,000
14,000
Stock a t L ondon........................ ......... §*22?.
Total G reat B rita in sto ck . 807,000 890,000 1,059,000 647.000
4,300
4,700
10,000
S tock a t H am burg.....................
29,000
53.000
87.000
58.000
65,000
Stock a t B rem en . .......................
18.000
17.000
12.000
S tock a t A m ste rd am ................
9,000
300
200
200
Stock a t R o tterd am ...................
100
6,00u
9.000
7.000
Stock a t A n tw erp .......................
21,000
Stock a t H av re............................ 277,uuu 305,000 323,000 161.000
8.000
10.000
6.000
Stock a t M arseilles........— 5,000
68,000
52.000
44.000
Stock a t B a rcelo n a....... ...........
46,000
12,000
14.000
5,000
Stock a t G enoa...........................
»>ooo
30.000
25,000
35.000
Stock a t T rie s te ............ ( .........
30,000
Total C o ntinental stocks.. 477,100 534,200 519,900 330,600
Total E u ro p ean s to c k s . . . . 1,284,100 1,424,200 1,578,900 977,600
23.000
36.000
34.000
34.000
India cotton afloat for E urope
Amer. co tt’n afloat fo r E u ro p e . 220,000 161,000 205,000 269,000
20.000
28.000
22.000
35.000
Egypt, Brazil, &c. ,aflt f o r E ’r ’pe
Stock in U nited S tates p o r ts .. 474,105 527,169 636,818 731,035
Stock in U. S. in te rio r to w n s .. 151,909 156,962 186,233 191,133
38,424
20,977
19,451
36,110
United S tates e x p o rts to -d ay .
Total visible su p p ly ....... . 2,211,538 2,346,308 2,695,402 2,268,878
Of the above, to ta ls of A m erican a n d o th e r d escrip tio n s a re a s follow s:
T.ivMnoof^took.............. b a le s .
642,000 691,000 903,000 474,000
Continental s to c k s ..................... .
318,000 423,000 354,000 197,000
American afloat fo r E u ro p e ...
220,000 161,000 205,000 269,OOd
United S tates s to c k ................... 474,105 527,169 636,818 731,035
TTnited S tates in te rio r sto c k s..
151,909 156,962 186,233 191,133
United S tates e x p o rts to -d ay .
38,424 20,977
19,451
36,110
Total A m erican................... 1,844,433 1,980,108 2,304,502 1,898,278
East In d ia n , B ra sil, die. —
Liverpool sto ck.......................... 157,000 191,000 148,000 159,000
8,000
14.000
London s to c k ..............................
8,000
8,oOO
Continental sto ck s..................... 159,100 111,200 165,900 133,600
India afloat fo r E u ro p e.............
23,000
34,000
34.000
36.000
35.000
28.000
Egypt, B razil. &c., aflo at.........
20,000
22,000
Total E a s t In d ia , & o.......... 367,100 366,200 390,900 370,600
Total A m erican.................... 1,844,438 1,980,108 2,304,502 1,898,278
Total visible su p p ly ...........2,211,538 2,346,308 2,695,402 2,268,878
Middling U pland, L iv e rp o o l..
3*sd.
45gd.
4?16d. 4iB1fld.
Middling U pland, New Y o rk ..
65ieo.
8°16c.
8ljeO.
8%o.
Egypt Good Brown, L iverpool
4 i3 i6d.
57xfid.
5d.
6i«d
Peruv. Rough Good, L iverpool
5U X
ed.
d^d.
5 i516d.
9d'
Broach Fine, L iv e rp o o l...........
3®sd.
49x^d.
4516d.
4!%d'
Tinnevelly Good, L iv e rp o o l..
3516d.
4»j6d.
4316d.
41
nd.
» Corrected by actu al count.
,

The imports into Continental ports the past week have
been 23,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 134,710 bales as compared with the same date
of 1893, a decrease of 483,864 bales from the corresponding
date of 1892 and a decrease of 57.340 bales over 1891.
a t th e I n t e r io r T o w n s the movement—that is the receipt8
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1893—is set out in detail below.

m

Qu o t a t io n s f o r M id d l in g Uotton a t O t h e r M a r k e t s .-t

Below we give closing quotations of middling cotton at South­
ern and other principal cotton markets for each day of the w eek.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—

Oct. 5.

Satur.

G a lv e sto n ...
New O rleans
M obile..
S a v a n n a h ...
C h a rle s to n ..
W ilm ington.
N o rfo lk ......
B o s to n .........
B a ltim o re ...
P hiladelphia
A u g u s ta ....
M e m p h is....
St. L ö u is ....
H o u s to n ....
C in c in n a ti..
L ouisville...

5*8
51116
5«%
51li6
5H i6
513ie
6
67ie
63g
61316
5*8
5%
5 i8
5 78
6H
658

Hues.

M on.
5%
5«8
558
59] 6
55g
513le
5 78
65ie
6%
51 lie
5U ie
5 7a
5%
61*
61«

Wednes.

T hurs.

508
5Sg
59ie
57la
51
«
508
5 78
614
GH
611x6

508
5 iiie
50s
538
508
5 iiie
5 78

5U i6
59ie
. 5ifl
5!fl
508
508
51316
6 ti
6 I4
6H ie
508®lll6
508
511X8
5»8
6
5 78

s iile
5%
5»8
6
5 78

F ri.
5U «,
5%
508
5%
5»8
5%
5 78
61*
6i8

614

618
611x6

51 lie® % 5 % ^ 78

5%
5%
®U 1«
6
5 78

o iiie
5%
508
6
5 78

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A tla n ta .............
Colum bus, G a.
C olum bus, M iss
E u fa u la ...........

5U ie
53s
5H
508

I L ittle R o o k ....
M ontgom ery...
[
I N a s h v ille .........
[
1 N a tc h e z ........ .

5ifl
57ie
508
59xe

I N ew b erry .........
1R a le ig h ......... . .
j Selm a............... .
j S h re v e p o rt......
1

538

513

51«
57x

R e c e ip t s f r o m t h e P l a n t a t io 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.
Receipts at the Ports. St’k at Interior Towns. Rec’pts from Plant’ns,
Week
Ending—
9.
4.
2.
9.
9.
4. 8 2
189 189 18 4 189 18 3 189 1 9 . 18 3 189
2.
3.

51
0 1 40
Aug. 31... 23,473 17,634 25,173 12 ,6 9 7 ,5 1 56,300 21,463 1 ,3 1 25,720
34
2 ,7 6
81
Sept. 7..... 50,295 2 ,1 7 38,396 1 8 0 79,928 55,913 52,382 3 ,5 4 30,974
4
4
3 ,9 7 4 7
“ 14... 87,793 53,7 3 85,884 1 4 5 8 .8 1 66,830 94,0 4 58,6 0 96,801
0
5
2 ,8 1 7 3
n 2 1 . ... 12 ,3 8 95,8 91 5 4 14 ,6 0 96,7 6 84,519 1 7 7 10 ,7 4 163,236
0 2
4 4 ,5 7 2 0
,120 ,947
,438 10 ,2 51 ,378193 220
9 4 62
3 8
0 9 0 .4 8
“ 28... 14 ,9 31 1 3 202,221 16 ,8 5128
87
,9092 ,408251,980 2 ,280
.962151
13
1 2
,816186
.233156
Oct. 5... 19 ,1 0223,458244

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1894 are 811,238 bales; in
1893 were 646,410 bales; in 1892 were 654,074 bales.
2.—That although the receipts at the outports the past week
were 244,616 bales, the actual movement from plantations was
287,280 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 251,980 bales and for 1892 they were
213,468 bales.
O v e r l a n d M o v em e n t f o r t h e W e e k a n d s in c e S e p t . 1.—

We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Oct. 5
and since Sept. 1 in the last two years are as follows:
1893.

1894.
G
O
M
o»C O l^^COOCÖiOl^OCO OlÜ Ol 0*0
D»
»
cn
siHMGi
C K C 7O
R i Jt<1C* C
O to tc ODOa>OCO MM05C tD OCOo»C M < to
O
O bD
O 1
O Mo b •'J »-1M0 10if*fc 0505C C O C Ü 05Q Ü <10 M** 05< O C C C
O
w
H« O» D*
1 l OOH

October 5.

5s
O MbOM 00
i
M
CO -W I*00<J © MK M O»0pM §
a
>
HHCJi
M C M<1C C C O'© M05 ^ 05'05'IpkI o'm 'co'V
O
O OO
l'ita.
^0lC0M0i0D^)tCC0C005^©OC0C0^ tO OO C tO© O C0<! m <J ©<l<l lri-3
O DO
O © MMMMM© © MC C © C MU tO^ «T OC M05tO^IQO© © © © M
O
O* O »
O O
MC < rfs C
O1 > O
C
—
<jyiCO^CO

p to 00 C to
O

Of

^

to M to^“ ©

MMtO© ©'©To MC 00O tO^ C 0505^ O 0500^0 C <1©
O O
O
»
O
a0tf*©^JMOC0M©C00505^t0ÜiUia>00»“-<lÜ<C0©M
CJ»<l©M<ltOtOCO©M>-‘M<lCOtOCO^©aOHM©rf^©

tststo MM-""-1— If» MHM*
C JOW
O
WG J-»
D
V — (j'o'o'ik'Vj'QD asTo©*.<»** ■ 00 if» © 00 00 ©*&®*■*© oilc 01 s g •
V
» !*
,
w®oo®to©*-tOM«i®.-<©®m! lAi->O(O<&<0fc9iUi^OOlSi^-3M ?**£•
H
‘HtO©C»©WQOvjao©00»->J|f*. wcocjctoanobsoiaoowcofOi-1
&
to OJ^ to M o M » « to ; M
OO «© «© w -lC Jiba
©Ui ■Mg
&
3i-‘o<ii-i|^.os<—
{oaDif>.oc'«caM
ai
o lo In o o ® cc Gola
©®®co®cjin*<i©®oi~3a ©it. 00 <1 if»m ow osoiuastoceaow o
ooi^oH
O
<cc.'®*-ip.oo50oif».aioi<ioif--j »Mi.-5CHtSaW-lWO'-‘WO5005 C

è
»0 J-HP-03 W StO
O fcO
©i-»aoi->©ooi^.©tfi©«o®o>©<» iaV Vlel»oicol»ooo5M'bi'tola
S'co S
OCfOWWÜI" XMOlfk-JCJlM© 00Wl«»-©it‘©©CHClC!'OCßlf».Clf».
tS©©«t0©05<J-3©t0MI-‘'lH C -1W© M».If». © © 05© 05fc C to
O
SO

IH

» l- o

w

os

; os^ -1 ,

ito

wo>

m

ip. 01 m 1^ co cpjf»

©
_i—p

S ?»

® I uivilewcow co^iit»©If com® ^VT.icj’loo'-jlscoi^loaicooDboco
051 ©©M»©©: Kl©CJi-'K)MI-‘©XWQO<l©eO©X
OOi®®OibO®©<l

to I CtOWtOtXQ. XQXtOCWOl WWCOCf tOl»COOOtaCWOl-»©ODOlCO®©

* Louisville figures “ n e t” in both years
f This year’s figures estim ated.
+ Last year’s figures revised.

The above totals show that the interior stocks have increased
during the week 42,664 bales and are now 5,0531bales less than
at same period last year. The receipts at all the towns have
been 50,714 bales more than same week last year and since
8ept. 1 are 154,279 bales more than for same time in 1893,




Skipped—
V ia St. L o u is.................................
V ia C airo................... ....................
V ia H a n n i b a l ..............................
V ia E v a n sv ille ...............................
V ia L ouisville................................
V ia C in c in n a ti............................
Via o th e r ro u te s , & c . . . . . . . . . . . .

Week.

Since
Sept. 1.

173
2,840
4,282
4,798

t3,942
2,355
219
42
924
645
2,226

17,345
4,585
921
11
2,025
2,442
4,971

18,269

45,318

10,353

32,406

2,303
639
2,403

5,995
966
6,744

1,564
139
1,183

8,294
175
4,588

13,705

2,886

13,057

31,613
7,467
1 Revised.

19,349

8,163
4,652

23,013
10,212

"Ì7 3
1,266
1,376
2,639

T o ta l g ro ss o v e r la n d ..............
Deduct shipm ents—
O v erlan d to N. Y ., B o sto n , & o..
B etw een in te rio r t o w n s ........... .
In la n d , & o .,fro m S o u th . . . . . . . .
T o ta l to b e d e d u c te d ................

8?
to
to
M
M
HHCOM M
MO
C
O'-* C tOMO •* Ö C Ü tOC » tOM C ^3O C M OH WtOC O
5
i ! l O»
*U
O *O C
O »
► «-»h
3
tOM *tO© MM© ^ ^ ' m'^j'S*'©'©
j'V
•C
Mvi MtO00 ^ 05C tOC C <1 lO 05O C»C 0500tO C O C O C C C C ct
O DO
7 O
O
O OOO O
© C C C C © 00 Ifa MMrft 05O M<1^ 0505tO05-J Ü MMtO05<1C
O OO O
t
I
*

©M

Week.

ss:

Since
Sept. 1.

5,345

L eav in g t o t a l n e t o v e rlan d * .. 12,924
* In c lu d in g m o v em en t by r a i l to C a n ad a.

The foregoing shows that the week’s net overland movement
this year has been 12,924 bales, against 6,767 bales for the
week in 1893, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 12,262 bales.
1894.
I n S ig h t a n d S p in n e rs'
T akings.

Week.

Since
Sept. 1.

1893
Week.

S in it
Sept )

R eceipts a t p o rts to Oot. 5 ............ 244,616
Met o v e rla n d to Oct. 5 ................... 12,924
S o u th ern con su m p tio n to: Oct. 5.. 17,000

716,664 223,456
7.467
31,613
83,000 15,000

565,614
19,349
78,000

T o ta l m a rk e te d ......................... 274,540
I n te rio r sto c k s in e x c e s s............... 42,664

831,277 245,923
94,574 28,524

662,963
80,796

Gam e In to s ig h t d u rin g w eek. 317,204
T o ta l in s ig h t Oct. 5..................

925,851

274,447

743,759

57,289
......
It w ill be seen by the above that there has come into sight
daring the week 317,204 bales, against 274,447 bales for the
I same week of 1893, and that the increase in amount in sight
• to-night as compared w ith last year is 182,092 bales.
1
Morth’n s p in n e rs t a k ’gs to Oct. 5.

131,404

612

THE CHRONICLE.

[VOL. LIX,

W e a t h e r R epo r t s b y T e l e g r a p h .— Our telegraphio ad­ the week, to the extent' of one inch and sixty-three hi,T"

vices this evening indicate that the weather has been quite dredths. Average thermometer 70-2, highest 83, lowest
Helena, Arkansas.—We have had rain with wind o n L
favorable in the greater part of the South the past week.
The precipitation has been very light as a rule, and picking day of the week, the precipitation being one inch and thiwV
nine hundredths. The weather has been favorable for crrZ'
and marketing have progressed rapidly.
The thermometer has averaged 70, the highest being 86 3 '
Galveston, lexas.—About one-half of the crop remains un­ the lowest 50. During the month of September the rainfaH
reached two inches and seventeen hundredths, on seven da vT
gathered. We have had one shower during the week, the pre­
Memphis, Tennessee.—There has been abundant suushin«
cipitation reaching three hundredths of an inch. The ther­
mometer ha3 ranged from 73 to 87, averaging 80. Rainfall for and no rain the past week. Days have been warm but niehta
the month of September two inches and sixty-four hundredths. cool. Picking is active as a result of the favorable weather
Palestine, Texas.—Picking has been retarded this season by The thermometer'has averaged 70 8, ranging from 51-7 to 8a'7
During the month of
wet weather, and four-fifths of the crop is yet to be gathered, and sixty hundredths,September the rainfall reached one inch
on seven days.
It has rained on one day of the week, the precipitation reach­
Nashville, Tennessee.—Picking is progressing rapidlv beino
ing sixty hundredths of an inch. Average thermometer 75,
highest 90, lowest 60. Rainfall for the month of September favored by fine weather. There has been but a trace o f rain
during the week. The thermometer has ranged from 48 tn
ten inches and four hundredths.
Huntsville, Texas.—We have had a shower on one day of 86, averaging 70. September rainfall three inches and seven
hundredths.
the week, the rainfall reaching six hundredths of an inch.
Montgomery, Alabama.—The weather continues favorable
The thermometer has averaged 78, the highest being 92 and
the lowest 64. During the month of September the rainfall for the maturing, picking and marketing of cotton. We
have had only one shower during the week, the rainfall
reached six inches and thirty-five hundredths.
four hundredths of
The thermometer has
Dallas, lex a s.—If frost holds off and the season continues reaching 77, the highest beingan inch. the lowest 65. During
88 and
favorable, it is estimated that three-fourths of the crop is yet in averaged
the month
the field. Cotton is in excellent condition, clean and free dredths of of September the rainfall reached eighty-five hun­
an inch.
from worms and promises to give the largest crop ever gath­
Mobile, Alabama.—Reports indicate excellent weather. We
ered. Planters are begging for help, as they are handicapped
by scarcity of pickers. Rain has fallen on one day of the have had no rain during the week. Average thermometer
week, the rainfall reaching thirteen hundredths of an inch. 77, highest 89 and lowest 61. Daring the month of Septem­
The thermometer has averaged 70, ranging from 50 to 90. ber the rainfall four inches and thirty-seven hundredths!
Selma, Alabama.—There has been a trace of rain on one day
Rainfall for September four inches and seven hundredths.
during
week. The thermometer has averaged 68, ranging
San Antonio, Texas. —It has been showery on one day of from 54the 84.
to
° °
the week, the rainfall reaching fourteen hundredths of an
Madison, Florida.—The storm did no harm in this county
inch. The thermometer has ranged from 70 to 92, averaging
81. During the month of September the rainfall was two Rain has fallen very lightly on one day of the week, the rain­
fall being too small to measure. The thermometer has ranged
inches and eighty-five hundredths.
6
Luling, Texas.—Cotton picking is progressing rapidly. The from 59 to 90, averaging 76.
Columbus, Georgia.—We have had rain on one day of the
prevailing opinion seems to be that one-half to two-thirds of
the crop has been gathered. In some sections boll worms week, the precipitation being thirty-five hundredths of an
threaten the top crop, but a top crop is always a great uncer­ inch. Average thermometer 75, highest 85 and lowest 62.
Savannah, Georgia.—We have had rain on two days during
tainty. There has been but a trace of rain during the week.
Average thermometer 82, highest 98 and lowest 66. During the week, the rainfall reaching fourteen hundredths of an
inch. The thermometer has
77, the highest being
the month of September the rainfall reached seventy-nine 89 and the lowest 65. Rainfallaveraged month of September
for the
hundredths of an inch.
and eighty-eight hundredths, on fourteen days.
Columbia, Tams.—One-half of the crop remains ungathered. seven inchesGeorgia.—The weather
Augusta,
clear and pleas­
We have had very light rain on one day of the week,, the ant all the week. Cotton is being has beengathered and the
rapidly
rainfall being too small to measure. The thermometer has
averaged 76, the highest being 90 and the lowest 62. Rainfall indications are that the yield will fall considerably below that
of last
The thermometer has averaged 75, ranging
for the month of September two inches and thirty-two hun­ from 64season. Rainfall for the month of September five
to 88.
dredths.
inches and twenty-six hundredths.
Cuero, Texas.—About one-fourth of the crop is yet in the
Charleston, South Carolina.—There has been rain
fields. The top crop is expected to give a large yield if weath­ days of the week, the rainfall reaching twenty-sevenon two
er continues favorable.
There has been one very light redths of an inch. The thermometer has ranged from hund­
65 to
shower the past week. The thermometer has averaged 78,
88,
September
ranging from 66 to 90. Rainfall for the month of September fall averaging 77. During the month ofhundredths. the rain­
reached ten inches and ninety-four
four inches and forty hundredths.
Stateburg, South
and growth
Brenham, Texas.—It is estimated that two-fifths of the crop cotton was impaired Carolina.—The vitality rain on the of
had
is ungathered, and this may be increased if the top crop does three days of the past by the storm. We being one inch first
week, the rainfall
and
as well as in previous years. It has been showery on one day
during the week, with rainfall to the extent of eight hun­ seventy-three hundredths. Average thermometer 72-7, high­
est 83, lowest
dredths of an inch. The thermometer has ranged from 64 to hundredths. 61. September rainfall six inches and seventy
92, averaging 76. September rainfall one inch and eighty-one
Wilson, North Carolina.—lb has rained on three days of
hundredths.
the week, the rainfall reaching one inch
seven hun­
Belton, Texas.—Farmers are busily engaged in picking. dredths. The thermometer has averaged 70, and highest be­
the
About one-third of the cotton crop has been marketed. We ing 80 and the lowest 62.
have had but a trace of rain the past week. Average ther­
The following statement we have
mometer 73, highest 90 and lowest 56, During the month of showing the height of the rivers also received by telegraph,
at
September the rainfall reached two inches and thirty-six 8 o’clock October 4, 1894, and October 5,the points named at
1893.
hundredths.
Oct. 4, ’94.
Oct. 5, ’93.
Fort Worth, Texas.—Fully one-third (of the crop remains
unpicked. We have had one shower during the week, the
Feet.
Feet.
precipitation being fifteen hundredths of an inch. The ther­ New Orleans__
36
3 ‘8
Memphis.......
08
3-1
mometer has averaged 70, the highest being 90 and the lowest Nashville.......
0-4
2-2
51, During the month of September the rainfall reached two Shreveport.....
3-3
2-0
two inchee and five hundredths.
Vicksburg......
0-4
3-2
Weatherford, lexas.—About two-thirds of the crop has yet
I ndta C otton M o v em e n t F r o m a l l P o r t s .— The receipts
to be picked. _ There is more cotton than has ever been raised and shipments of cotton at Bombay have been as follows for
in this section in any previous season. There have been the week and year, bringing the figures down to October 4.
showers on two days of the week, the rainfall reaching
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
eighteen hundredths of an inch. The thermometer has aver­
S h ip m en ts th is w eek.
S h ip m e n ts sin c e S ept. 1 .
R eceipts.
aged 70, ranging from 52 to 88. During September the rain­
fe a r G reat C o n ti­
G re a t
C o n ti­
fall was one inch and ninety-seven hundredths.
Since
T h is
T o ta l. B r ita in n e n t.
T o ta l.
B riV n . n e n t.
W eek. Sept. 1.
New Orleans, Louisiana.—There has been no rain the past
week. The thermometer has averaged 78. September rain­ 1894
1,000 1,000
5.000
16,000
8,000
13.000 2,000
fall ninety-two hundredths of an inch.
1893
5.000 5.000
35.000
1.000 20,000
21.000 12,000
8.000 8.000
13.000
14.000
14.000 3.000
Shreveport, Louisiana.—It has rained on one day of the 1892
32.000
i,ö o o 17.000
18.000 6.000
week, the precipitation being one inch and thirty-three hun­ 1891
S h ipm en t» f o r th e w eek.
S hipm ent» sin ce Sept. 1
dredths. The thermometer has ranged from 58 to 89, averag­
ing 74. September rainfall sixty-nine hundredths of an inch.
G reat
C on ti­
G reat
T otal.
Total.
Columbus, Mississippi.—It has rained on one day of the
B r ita in . n en t.
B r ita in . C ontinent.
week, the rainfall reaching twenty hundredths of an inch.
Calcutta—
The thermometer has averaged 75, the highest being 92 and
1894 .........
2,000
1,000
1,000
the lowest 54. September rainfall one inch and thirteen hun­
1893
....................
2,000
1,000
1,000
dredths.
Madras1,000
1894
.................... 1,000
2,000
9.000
5.000
4.000
Leland, Mississippi.—Rain has fallen during the week to
6.000
1893
1,000
4.000
2.000
the extent of ten hundredths of an inch. Average thermome­ All o th e rs— .................... 1,000
ter 71-4, highest 89 and lowest 49. During the month of Sep­
1,000
13.000
1894
.................... 3.000
4.000
4.000
9.000
2,000
12.000
1893.........
2.000
4.000
tember rainfall was three inches and ninety-five hundredths.
6.000
6.000
Ldtfle Rock, Arkansas.—The past week has been a notable Total allone for Little Rock. On Tuesday night a cyclone visited the
24.000
1 8 9 4 ..
. 2,000
4.000
6,000
10,000
14,000
20.000
city doing $250,000 damage. Rain has fallen on one day of
1 8 9 3 ..
. 2,000
3.000
5,000
11,000
9,000




THE CHRONICLE

6, 1894.]

EXPORTS TO EUROPE FROM ALI. IN D IA .

ente

1892.

S in c e
S ep t. 1.

T h is
w eek.

S in c e
S ep t. 1.

T h is
w eek.

uTaif
from —

C o t t o n C o n s u m p t io n

1893.

1894.

T h is
w eek.

Since
S ept. 1.

Bombay.
U lotberports,

1,000
6,000

13.000
24.000

5.000
5.000

21,000
20,000

8,000
4,000

14.000
19.000

Total..........

7,000

37,000

10,000

41,000

12,000

33,000

ALEXANDRIA

RECEIPTS a n d S h ip m e n t s .— Through arrange­

ments we have made with Messrs. Davies, Benachi & Go., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The follow ing
are the receipts and shipments for the past week and fot the
Alexandria, E g y p t,
October 3.
Beceipts (o an tars* )....
This w e e k ....
Since S ept. 1 .

1892.

1893.

1894.
40.000
95.000

180,000
356,000

35.000
51.000

Since
T h is
w eek. S ept. 1.

S in c e
T h is
w eek. S ep t. 1.

T h is
S in c e
w eek. Sept. 1.

5.000 11,000
2.000 18,000

Exports (bales)—
To L iverpool............
To C ontinent......... .

3.000
2.000

9,000 10.000 23.000
11,000 4,000 11.000

29,000

5,000

20,000 14,000

7,000

Total E u r o p e ......

34,000

Ma n c h e s t e r M a r k e t . —Our report received by cable to­
night from Manchester states that the market is firm for both
varus and sheetings. Demand for home trade is good, but
for foreign markets p or. We give the prices for to-day
below and leave those for previous weeks of this and last year
for comparison:
1893,

1894.
O ott’n
M id . 32* Oop.
T w ist.
Tfplds

8% lbs.

32* Oop.
Twist.

S h irtin g s.

d.
d.
Ae.3l'5% ®69ie
Sen. 7 513ia® 658
« 14 513x
0®658
1 21 5C 1fi06»fl
« 28 55a ®63s
Oot. 5 5% 961 io
Sea I s l a n d

s. d.

4
4
4
4
4
4

s. d.

6 ®6
6*fl®6
6*a®6
6 ®6
5 ®6
5*236

6
7
7
6
4*3
5

d.
d.
31316 6°8
329sa 6 7g
32733 7 iie
32i S2 7*8
3»16 7*8
3*3 7*8

d.
®7'38
®7*a
®7»a
®7%
®7%
®7%

8*4

s. 1. s.
5 7*s®7
5 8 ®7
5 9 ®7
5 1 0 ®7
5 10 ®7
5 10 ®7

d
4*3
5
6
7
7
7

6

have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (October 5) and since
Sept. 1,1894, the stocks to-night, and the same items for the
corresponding periods of 1898, are as follows.
Stock.

1893.

1894.

This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1894.
2,839
170

7,929
293

2,406
86

1893.

4,275 6,143 3,852
134
649
513
515 1,145
40

Ov e r l a n d Mo v em en t

to

O o t . 1,

OPERATIONS FOR TEA R ENDING JUNE 30, 1894.

Upld
438
4*3
4°8
41*16
4*3
45s

and

—In our editorial columns to-day will be found our usual
overland movement brought down to October 1.
J u t e B u t t s , B a g g in g , & c . —The market for jute bagging
continues steady, and the volume of transactions the past
week has been quite satisfactory. The close to-night is at
6c. for
lbs., 6%c. for 2 lbs. and 7)^c. for standard grades.
Car-load lots of standard brands are quoted at 6c. for 1% lbs.,
6%c. for 2 lbs. and 7 ^ c. for
lbs. f. o. b. at New York.
Jute butts are without feature of importance and are nominal
on the spot. The deliveries of jute butts and rejections at New
York and Boston during September were 15,097 bales against
3,907 bales for the same month last year, and for the nine
months the deliveries reached 202,494 bales against 366,348
bales in 1893. The aggregate stock in the hands of importers
and speculators at New York and Boston on September 30 was
nil against 15,650 bales at the corresponding date in 1893, and
the amount afloat for the United States reaches 28,414 bales
against 11,835 bales last year.
L i v e r p o o l S t o c k . —A re-count of the stock of cotton a t
Liverpool was made on Saturday last, September 29, and is
disclosed an increase compared with the estimated figures of
30,927 bales, the actual stock being 829,927 bales. The total
of American was 672,481 bales, or 15,481 bales more than the
running count; and of all others the aggregate was 157,446
bales, or 15,446 bales more than the weekly estimate.
E a s t I n d ia C o t t o n M i l l s . —We have received this week
from Messrs. Lyon & Co., Bombay, the results of the opera­
tions of the cotton mills in India for the fiscal year ended
June 30, 1894. The number of spinning and weaving mills
now in existence is 142, or a gain of one during the year. The
subjoined statement indicates the location of these mills, their
spindles, looms, &c., and the number of bales consumed.

Oott’K

lbs.

S h irtin g s.

C o t t o n M o v e m e n t . —We

Beceipts to Oct. 5.

613

No. o f M ills

OCTOBER

Where situated.

A pproxim ate
Average Q uantity o f Ootton
So. o f
Consumed.
Spindles. Looms H ands
E m pi 'y B ales o f
Owts.
ed D ’ily
302 lbs.

67 2,027,375 18,265 70,553 2,557,296
....
_
2
30 527,618 6,019 18,762 497,364

730,650

T o ta l..................... 99 2,554,992 24,284 89,315 3,054,660
10,850
250
521
12,312
1
R a jp u ta n a .................
25,144
1,609
418
2
34,136
B e r a r ........................
980
5,765 170,100
6 112,616
C en tral P ro v in c es...
38,066
1,550
35,732
425
2
H y d e ra b a d ................
8,624
464
800
2 %036
1
C en tral I n d i a ..........
200
9,615 423,190
9 344,038
B engal P re sid e n c y ..
32,620
750
31,788
158
2
P u n ja b ........................
7.021 157,584
5 164,426 1,974
N orthw ’t P rovinces.
9,578 ,285,740
M adras P resid en cy . 11 246,7e0 1,360
23,583
737
25,560
1
T rav an o o re................
1.200
33,8 L7
29,784
187
2
M y s o re ......................
14,000
454
2,000
22,800
1
P o n d ic h e rry ..............

872,760
3,100
7,184
48,600
10,876
2,464
122,340
9,320
45,024
81,640
6,738
9,662
4,000

B om bay Is la n d .........
In course of e rect’n
B om bay P residency.

142,104

G ran d T o ta l....... 142 3,641,000 31,154 130,461 4,282,978 1,223,708

The above results, as stated above, cover the year ended with
4,449 7,307 5,510 June 30 last. We now give a table which indicates the pro­
8,222 2,492
Total.......... .................. 3,009
The exports for the week ending this evening reach a total gress made in cotton manufacturing in India during the past
of 411 bales, of which 331 bales were to Great Britain, 80 to sixteen years.
PROGRESS OF INDIAN MILLS DURING THE PAST SIXTEEN TEARS.
France and — to Reval, and the amount forwarded to
Northern mills has been 676 bales. Below are the exports for
A pproxim ate
Average
A m o u n t o f Ootton
the week and since September 1 in 1894 and 1893.
N um ber N um ber Num b’r o f
Exports
from —
Savannah...
Charl’t’n.&c
Florida, &c.
New York..
Baltimore..
Total........
Total 1893.

Week E n d in g Oct. 5.

Since Sept. 1 ,1 8 9 4 .

North’n Mills.

Since
Great F r’nce
Great F r’nce
Total. Week. Sept. 1
Total. B r it’n. Ac.
B rit’n. (£c.
676

"èëi

" 292
119

" 489
119

.......

. .....

331

80

411

608

172

780

676

1,423

259

35

294

575

85

660

25

120

“ 2 Ï2
119

" '8 0

" Ì7 2

1,423

119

.......

.........

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Oct. 5 at Savannah, for Floridas, common,
10c.; medium fine, 12*^c.: choice, 14^c.
Charleston, Carolinas, medium fine, 17c.; fine, nominal,
asking 25c.; extra fine, nominal.
S t . L o u is C o t t o n R e c e i p t s . —At the end of May last year
an addition was made to the St. Louis cotton receipts and
shipments of 65,015 bales for through cotton, omitted in the
reports of the Missouri Kansas & Texas Railway during the
period from October 1,1893, to March 31, 1894. The Secretary
of the St. Louis Cotton Exchange furnished us a detailed state"
went of these figures, and proper revision of the interior
towns and weekly overland statements is therefore begun this
week.




Years E n d ’g No.
of
of
J u n e 30.
Mills. Spindles.

1879............
18 8 0 ............
1881............
188 2 ............
1833............
1884 ............
1885............
1886............
1887............
1888............
1889............
1890............
1891............
1 8 9 2 ............
1893............
1 8 9 4 ............

56
56
57
65
67
79
87
95
103
114
124
137
134
139
141
142

1,452,794
1,461,590
1,513,096
1,620,814
1,790,388
2,001,667
2,145,646
2,261,561
2,421,290
2,489,171
2,762,518
3,274,198
3,351,694
3,402,232
3.575,917
3,641,000

H ands
of
Looms. E m ployed
D aily.

13,018
13,502
13,707
14,172
15,373
16,262
16,537
17,455
18,536
19,496
21,561
23,412
24,531
23,444
28,164
31,154

42,914
44,410
46,430
48,467
53,476
60,387
67,186
74,383
76,942
82,307
91,598
102,721
111,018
.116,161
121.50D
130,461

Consum ed

Owts.

B ales o f
392 lbs.

936,547
1,076,708
1,326,461
1,391,467
1,597,946
1,859,777
2,088,621
2,251,214
2,541,965
2,755,970
3,110,289
3,529,617
4,126,171
4,080,783
4,09*,528
4,282,978

267,585
307,631
378,989
397,562
456,556
531,365
596,749
643,204
726,276
787,420
888,654
1,008,462
1,178,906
1,165,938
1,171,008
1,223,708

The above figures indicate that spindles have increased from
3,575,917 to 3,641,000 during the year and that there has been
an addition to the looms of 2,990, bringing the total uo to 31,154 looms. The number of hands employed in 1893-94 was
130,461, against 121,500 in the preceding year and a gain in
consumption of 52,700 bales is shown.
S h i p p i n g N e w s . —The exports of cotton from the United
States the past week, as per latest m ail returns, have reached
115,788 bales.

Total bales.
N e w Y o r k —T o L iverpool, p e r ste am ers Cevio, 6,069 up lan d
an d 161 Sea I s l a n d ............................................ . ..................... 6,230
To H ull, p e r ste am er F ran cisco, 5,950
......... . ........... 5,950
To L ondon, p e r ste am er M ohawk, 1,400.. . . . . . . . ----- . . . . . .
1,400
To G lasgow , p er steam er S tate of C alifornia, 51 Sea Islan d
51
To H avre, p e r steam er L a Touraine, 650 u p lan d a n d 80 Sea
Island. . . . . . . . . . . . . . . . -------- . . . . . . ..................... .
730
To B rem en, p e r steam ers Saale, 629 ...W itte k tn d , 3 ,5 5 4 ... 4 ,1 8 3
To H am burg, p e r ste am ers Dania, 500 ___Taorm ina, 1,000.
1,500
450
To A m sterdam , p e r ste am er Schiedam , 4 5 0 . . . . ................ . 664
To A ntw erp, p e r ste am er N oordland, 6 8 4 . . . . . . . . . . . . . . . . . . .
250
To G ottenburg, p e r steam er Slavonia, 2 5 0 .................. - .........

614

THE CHRONICLE.V__________________
________

N e w Y o r k —£ Cow.;—
Total bales.
To C openhagen, p er ste am er T hingvalla, 4 8 ....... ..................
48
To Genoa, p e r steam er P eninsula, 1,339 ........................
1,339
528
To N aples, p e r ste am er R ugia. 528...................
To Venezuela, per ste am er P hiladelphia, 50 ............! ..
50
To M artinique, p er b rig S unlight, 1......., ................... ..
l
N e w Orleans — o Liverpool, p e r steam ers B ern ard H all,
T
6 ,0 10 . . ..Ja m a ic a n , 9,180
N avarro, 7 ,7 5 3 ... .N avigator,
. . . . 28 028
5,085........................................................ ..
To H av re, p e r ste am er C anarias, 4,478 ” 1111
........ 4*478
To H am burg, p er ste am er G lendow er, 5 5 0 ................. ............
550
To R o tterd am , p e r steam er Glendow er, 277............
277
To G enoa, p e r ste am er Spanish P rin c e, 4 ,6 5 5 .......... 4,655
To N aples, p er steam er Spanish P rin ce, 100............................
100
G alveston - T o Liverpool, n e r steam er Zoe, 6 ,1 1 5 ....................... 6,115
To H av re, p e r ste am er R ounton, 7 ,8 2 6 ..................
. . 7,826
To B rem en, p e r ste am ers E thiopia, 7 ,2 0 6 ....J o s e p h Jo h n ,
5 ,4 0 8 .............................................................................
12,614
Charleston —To B arcelona, p e r steam er Glenwood, 5,628....... 5,628
P o rt R oyal - To Liverpool, p e r steam er N icaraguan, 7,716
7,716
6,987
W ilmington —To B rem en, p e r ste am er N ew by, 6,987...............
B oston—To L iverpool, per steam ers A nglom an, 1,617......L an­
4 649
castrian , 400___R om an, 2,632..........................................
B altim ore —To B rem en, p e r ste am er W eim ar, 2,241. . . ! ......... 2*241
To A ntw erp, p e r steam er O tran to , 3 5 0 ......................................'
350
P h il a d e l ph ia —To Liverpool, p e r steam er K ensington, 2 0 0 .1 ..
200

£ ol. L1X.
V

The tone of the Liverpool market for spots and future«

^

lay of the week ending Oct. 5, and the daily closing
of spot cotton, have been as fo llo w s :
^ Pfices
Spot.

Market, \
1:45 p. M, Í

S a tu r d a y M on day. T u esday. Wednes. T h u rsd ’y.

Quiet.

M id,U prds.
317S2
B a le s. . . . . . . 1 0 ,0 0 0
Spec. & exp.
500

¿y

Tending
Good
Good
Good
down. demand. demand. demand.
3718

31833

1 2 ,0 0 0
1 ,0 0 0

1 5 ,0 0 0
1 ,0 0 0

Large
business
doing.

3153
2

3 7J8
1 5 ,0 0 0
1 ,0 0 0

3ifi

15,000
1,000

15,000
1,000

Futures.

Easy at Easy at Irreg. at Steady at
1 4 de­ 2-64® 3-64 3-64 de­ 2-64® 3-64 Steady at Steady at
-6
cline.
decline.
/
cline. advance. 164 di’ i2-F@3-64
1-64 dec. advance.
Market, 1 Barely
Barely
Qnlet.
steady. Steady.
4 P. M. \ steady.
Firm.
Steady.

M arket, Ì
1:45 p. m .$

The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are o n
115,788 the basis of Uplands, Low Middling clause, unless otherwise
stated:
0

T o ta l....................................
T h e p a r t i c u l a r s o f t h e s e s h i p m e n t s , a r r a n g e d i n o u r us* a l
GF* The p r ic e s a r e g iv e n in pence a n d QAths
f o r m , a r e a s f o llo w s :
3 63-64d . a n d 4 0 1 m ea n s 4 l-6 4 d .
H ull,
A m ’dam ,
L ondon
B rem en R 'd a m BarceBat.« S e p t. 2 9 .
Olon., O ct. 1 .
Liver- < Glas£
& Ham- a n d Iona <
£
ool. gou>. Havre, burg. Antw’p. Genoa. Naples, Total.
N ew Y ork. 6,230 7,401
730 5.683 1,114 1,339
528 23,374
Op«n High Low. Oloe. Open High Low. Olsst
N. O rleans. 28,028
4,478
550
277 4,655
100 38,083
G alveston.. 6,115
7,8 2 6 1 2 ,6 1 4 ..................................... 26,555
A.
A.
A.
A.
A.
A.
A. "V
C harleston...............
......... ....................... 5,628 .........
5,628 October
3 2 323 3 2 3 23 32 3 2 320 320
2
2
0
0
P o rt R oyal 7,716
7,716
1 1 1 1
Oct.-Nov.... 3 2 3 2 32 32 318 319 318 319
W ilm ingt’n .........
......... 6,987
6,987
B oston....... 4,649
1 2 1
4,649 Nov.-Dee... 32 3 2 32 3 22 318 319 313 319
B altim ore................
2)241
350
2
2,591 Dec.-Jan.... 32 322 322 3 22 319 32 319 32
0
0
PhiJadel’a..
200
200 Jan.-Feb.. . 32 3 2 32 32
3 1 3
4 3 2 32 320 32
1 1
1
Feb.-Meh.. 32 32 32 325 3 22 323 322 3 23
5 5 5
628 115,788
T o ta l---- 52,938 7,40 1 1 3 ,0 3 4 28,075 1 ,7 4 1 1 1 ,6 2 2
Mcb.-April. 32 327 32 327 324 325 32 , 3 2
7
7
4
5
The to ta l from New Y ork includes 250 bales to G ottenburg, 48 bales Aprll-May.. 328 32 328 3 2
9
9 32 3 2 323 3 2
6
3
3
to C openhagen, 50 bales to Venezuela a n d 1 bale to M artinique.
M ay-Jane.. 330 33 330 33 327 3 2 327 32
0
0
8
7
JBelow we add the clearances this week of vessels carrying June-July..
9
.... 1 8 2 330 32 3 3
9
0

cotton from United States ports, bringing our data down u
the latest dates:

W e d ., O ct. 3 .

T hus : 3 63 meant
T u « a „ Oct, 2 .
Open High Low. Clot.
<
J. A.
i.
<t.
317 319 317 3 9
1

3 1 318 316 31
6
8
3 1 313 316 318
6
317 319 317 31
9
3X8 32 318 320
0
3 2 32 320 32
0 1
1
32 32 322 3 3
2 3
32 32 32 325
3 5 3
32 32 32 32
5 8 5 6
32 32 32 32
7 8 7 8

T h a r« ., O ct 4 .

F r i . , O c t. 5 .

G a l v e s t o n —To L iverpool—Sept. 27 - S team er R ita, 4,028.

To H a v re -S e p t, 28 S team er V ivina, 8,514.
To B rem en—Sept. 29 - S team er Cayo R om ano, 5,702.
To A n tw e rp —
Sept. 29 - S team er Cayo Rom ano, 1,050.
To R ev al - Oct. 1—S team er E u ro p a, 5,600.
To G hent—Sept. 29 - S team er Cavo Rom ano, 800.
N e w Orleans —T o L iv e rp o o l-O ct. 1 - S team er C uban, 9 ,4 4 7 ....O c t. 4
- S team er E ngineer, 6,256.
J o B rem en—Oct. 5 - S team er Thos. A nderson, 3,600.
To H a m b u rg -S e p t. 2 9 - S te a m e r Albingia, 1,969.
S a v a n n a h —To St. P e te r s b u ig - S e p t. 2 9 -S te a m e r C ity of W orcester,
lj7 50.
To R eval—Sept. 2 9 - Steamer Endsleigh, 3 ,5 0 0 ....O ct. 3—Steamer
Leconfleld, 3,500.
T o H a n g o -O c t. 1 - S team er Leconfleld, 600.
To B a rc e lo n a -S e p t. 2 9 -S te a m e r B erenguer E l G rande, 3,800.
10 G enoa—Sept. 2 9 -S te a m e r B erenguer E l G rande, 4 ,8 5 0
Oot. 3
—B a rk Cheechm a M., 2.350.
B r unsw ick —To H am b u rg - Sept. 2 8 -S te a m e r R osshire, 350.
Charleston - T o B rem en Oct. 4 —S team er Glenloig, 9,600.
Welmington—To B rem en- Oct. 3—S team er F ram fleld, 7 , 749 .
To G h en t—Oot. 4 - S team er Torm ore, 4,900.
N e w p o k t N b w s - T o L iverpool—Oct. 3—S team er K anaw ha, 200.
B08T° ^ T0 0 erP? 01- s ept. 2 5 -S te a m e r L an castrian (additional),
LiI
5b^ - v S«Pt. 28 —S team ers P av o n ia, 200 ; Sachem , 2,201 up lan d
“ 'S n , « ^ Is la n d ... Oct. 1 - S team er Sagam ore, 1,147 u p la n d
a n d 94 Sea Islan d — Oct. 2 - S team er B ostonian, 100.
•Ba l t i m o r e - To L iverpool—Sept. 2 6 - S team er R ossm ore, 1,000.
To H a v r e - Sept. 2 8 -S te a m e r N erano. 100.
To B rem en - Oct. 3- S team er W eser, 2,203.
P h i l a d e l p h i a - To L iv erp o o l- Sept. 28—S team er Ohio, 100.

Open High Low. Oloe. Open High Low. Oloe. Open High Low. 0
A.
A.
A.
A.
A.
A.
A.
A.
A. A.
A.
October.... 322 322 319 820 32 822 32 322 32 3 2 32 324
1
1
5 6 4

Oct.-Nov....
Nov.-Dee...
Dec.-Jan....
Jan.-Feb....
Feb.-Mch..
Mcb.-April.
Aprll-May..
May-June..
June-July..

32
1
32
1
32
2
32
3
32
5
32
6
328
33
0
33
1

32
2
322
322
32
3
32
5
32
7
328
33
0
332

319
319
320
32
1
322
32
4
323
32
7
32
9

319
31
9
32
0
32
1
32
3
324
326
328
329

32
0
32
0
32
1
322
324
32
6
327
32
9
33
1

32
1
32
1
322
323
32
5
323
323
33
0
332

32
0
32
0
32
1
322
32
4
323
32
7
329
33
1

32
1
32
1
322
32
3
32
5
32
3
32
8
330

324
324
32
5
32
6
328
32
9
33
1
333
3 3 2 H3 3
4

32
5
32
5
32
6
32
7
32
3
33
0
33
1
33
3
33
5

32
3
32
3
324
32
5
32
7
32
8
33
0
33
2
33
3

324
324
32
5
32
6
327
329
330
33
2
334

BREADSTUFFS.

F r i d a y , October 5, 1894.
During the first half of the week the market for wheat flour
was extremely dull and heavy, but subsequently the rally in
wheat encouraged holders slightly and some business was
transacted in the 1ow grades, both for the home trade and for
shipment. Rye flour has been dull, and with some pressure
to sell prices have weakened slightly. Cornmeal has sold
Cotton freights the past week have been as follows:
slowly, but prices have been without change and fairly steady.
S a tu r.
M on.
T uet. W ednet.
for
To-day the market for wheat flour was quiet but steady.
L iverpool, steam .d
Early in the week the speculation in wheat futures was
S32
332
584
584
°6i
564
Do
later..d .
....
....
332 ® 18
78 4 ® 18 764'®1
e quiet and on Tuesday prices broke about 1 cent per bushel,
H av re, ste am ...d .
25t
25t
251
25t
2 5t
25t
prompted by a full movement of the crop at the North­
Do
s p o t ....... d.
....
west and selling for Western account. Wednesday and
B rem en, ste a m ., d.
9«4
964
281
281
964
984
Thursday, however, the trading became fairly active and
Do
la t e r ...d .
prices advanced on buying by “shorts” to cover contracts,
H am b u rg , steam d.
*6
%
*8
*9
*8
*8
stimulated by the political complications in Europe and a de­
Do
la te r..<
1.
crease in the crop movement at the West. The spot market
Am s’d am , steam .c.
25+
251
25t
25t
25t
25t
has been moderately active, both exporters and shippers hav­
R eval, v ia H u ll.d . 1164® 732 1164® 732 318® 1384 316® 13ö4
ing been buyers. The sales yesterday included No 2 red win­
ü
j
D o v. H am b d.
ter at 3^c. under December, f. o. b. afloat, No. 1 Northern at
B’lona, d ir e o t...d .
6J^c. over December delivered and No. 1 hard at 8J^c. over
G enoa, s te a m ... d. 1 984
December delivered. To-day the market advanced during
964
964
984
Do
la te r ....d .
early ’Change on fair buying, stimulated by stronger foreign
T rieste, v. Genoa, d. 1 S18
advices and reports of the decease of the Czar of Russia; but
318
A n tw erp , ste am .d. * 8*9
later this report was denied and prices more than lost the
3S9
584
584
early improvement. To-day the spot market was firm but
L iverpool .—By cable from Liverpool w e have the follow ing quiet. No business reported. No. 2 red winter was quoted
at % g. under December f. o. b. afloat.
statem ent of the w eek’s sales, stocks, &c., at th at port:
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.

Sept. 14.

Sept. 21,

Bales of th e w eek............b ales.
66,000
66,000
Of w hich e x p o rters t o o k ....
2,700
3,500
Of w hich sp ecu lators t o o k ..
500
2,100
Bales A m e r ic a n ..... . . . . . . . . . . .
58.000
59.000
A ctu al e x p o r t . . . . . ............. . .
8,000
7.000
F o rw ard ed ...................................
56.000
64.000
T o ta l stock—E stim a te d ............ *915,000 856.000
Of w hich A m erican—E stim ’d 765,000 710.000
T o tal im p o rt o f th e w eek.........
9.000 , 12,000
Of w hich A m erican . . . . . . . . . .
8.000
4.000
A m ount aflo at.................. . . . . .
38.000
se.ooo
Of w hich A m erican................
28.000
46.000
4,000 b ales b u r n t deducted,




Sept. 28.
78.000
4,800

1,000

71.000
4.000
61.000
799.000
657.000
9.000
5.000
83.000
73.000

Oct. 5.
88,000

3,100
1,500
77.000

6,000
68.000

799.000
642.000
43.000
35.000
94.000
84.000

Sat.
O ctober deli v e r y ..... . . 0. 55*4
0.
Decem ber d e liv e ry .....o . 573g
May delivery................... 0. 6 2 4
62*4

Mon.
55%
57%
62%

Tues.
5458
5658
615s

Wed.
5 4 78
56 78
61%

Thurs.
55^8
5758
6258

Fri.
55 >
9
5714

62%

During the first few days of the week the market for Indian
corn futures was quiet and prices declined, but subsequently
reports of political troubles in Europe and a decided shrinkage
in the movement of the crop stimulated a demand from
“ shorts ” to cover contracts, and values advanced sharply.
Business in the spot market has been more active, and yester­
day the sales included No. 2 mixed at 55^@56c. delivered.
To-day the market was fairly active and higner in response to
stronger foreign advices and on the smallness of the crop

O C TO B ER

THE CHRONICLE.

6, 1894.]

movement. Toward the close, however, part of the advance
ag i0gt under realizing sales and in sympathy with the break
in w heat. The spot market was firmer, but quiet. The sales
included No. 2 mixed at 51%g. delivered and ungraded white
4 57^c. delivered.
D A IL Y CLOSING P R IC E S OB' N O . 2 M IX E D CORN .
.0.

Hay delivery........

.0.
,0.

Sat.
5414

54%
523s
53%

Mon.

Tues.

Wed.

Thurs.

F r i.

5518
551«
54
541«

53%
53%
521«
531«

5138
5438
53%
535s

56%
56
543s
54%

5 6 »a
565s
5 4 78
54%

Oats for future delivery have been moderately active, but
prices have followed the course of the corn market, weaken­
ing early in the week, but later rallied on buying by shorts
to cover, stimulated to some extent by a decreased movement
of the crop. The spot market has been fairly active. The
sales yesterday included No. 2 mixed at 3214@32^c. in ele­
vator and No. 2 white at 3534@35%c. in elevator. To-day
the market was firmer during early ’Change, but later weak­
ened with wheat and corn. The spot market was fairly ac­
tive and firmer. The sales included No 2 mixed at 32%@33c.
in elevator and No. white at 36@36J4c. in elevator.
DA ILY CLOSING P R IC E S O P N O . 2 M IX E D OATS.

Sat.

Mon.

Tues.

.0 . 325s 325g 31%
32%
.0 . 335s 3 3 5 9
345a 345a 33%
.0
c. 355s 355a 34%
,0. 38
38
37
Eye has been in light supply and firmly
been dull and nominal.
The following are closing quotations:

October d eliv ery ...
November delivery.
December delivery,
jannary delivery...
May delivery............

Wed.

Thurs.

32%
33%
34% *
35
37%
held.

F ri.

32 7
s 32 %
33% 33 7
s
34% 34%
35% 35%
38% 37%
Barley has

FLO UR.

mue.................$ bbl. $1 75® $2 00 P a te n t, w in te r........... $2 70® $3 00
3 35
Superfine....-------- - 1 90® 2 10 City m ills e x tr a s .......
Extra, No. 2 ........ . . . . 2 00® 2 25 R ye flour, superfine.. 2 60® 3 00
Extra, No. 1 . . . . . . . . . . 2 20® 2 40 B uckw heat flour . . . .
.®
Clears........................ - 2 25® 2 50 Corn m eal—
2 50® 3 25
W estern, &o............ 2 80® 3 10
Straights............ .
3 20
B r a n d y w in e ...........
Patent, spring............ 3 25® 3 65
[Wheat flour in sacks sells a t prices below th o se fo r barrels.
GRAIN.
C.
C.
Corn, p e r b ush—
0.
0.
ffheatSpring, per b u sh .. 51 ® 65
W est’n m ix e d ...... 56 ® 58
Bed winter No. 2 .. 55%® 57
No. 2 m ix ed ........... 57 ® 58
Bed w i n t e r ......... 50 ® 59
W estern yello w ..
57 ® 59
51 ® 59
W estern W hite___ 57 ® 59
White......
Oats—
Mixed,per bu. 32%® 34% R ye—
36 ® 40
W estern, p e r hush. 49 ® 53
White-----S tate an d J e r s e y ..
No. 2 m ixed....... . 32%® 33%
®
36 ® 37
B a rley —No.2 W est’n 60 ® 61
No. 2 w hite............
S tate 2-rowed........
®
S tate 6-row ed. . . . . . . . ® . . . .
10T For other tables usually given here see page 589.

THE DRY GOODS TRADE.

Ne w Y o r k t o O c t .

2.

1894.

Week. Since Jan.

1893
1.

Week. Since Jan.

Great B r i t a i n . . . . . . . . . . . . . . ..
Other European.....................
China..........
India...............____
Arabia.................. _
_
Afrioa-._ _
W Indies___ . . . . . . _____
est
Mexico_
_
Central America............... .
South America.____ ______
Other Countries... . . . . . . . . . . .

98
114
100
180
901
17
253
168
563
765
80

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

177
39
462
350

T o ta l....:.._____ . . . . . . .
China, v i a V a n c o u v e r * , . . .

3 ,2 3 9

1 6 8 ,6 6 6
1 9 ,1 9 8

2 ,9 3 8
2 ,9 3 8

Im portation s a n a W arehouse W ith d ra w a ls o f D r y Goods.

The importations and warehouse withdrawals of dry goods
at this port for the weekending October 4, and since Jan. 1,
1894, and for the corresponding periods of last year are as
follows:
- - *
g
g
2
2
©jpm2.© 5
¿H g » eS-og

fw*rS&6
B; s I
p:
;I
p:
; T

M
otto tO 0 W
*tO tO
a co 0 tO 5tO
O d 00 to 05 M 05
tO
0*<1

00 0
5

M
©

to to

1.

1 3 6 ,3 7 8

75
786
194
12
770
73

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

The value of the New York exports since January 1 has
been $8,770,811 in 1894 against $6,712,928 in 1893.
There have been no changes in the price of brown sheetings or
•kills, but only a quiet business has been done. In the latter
some fair export orders have been turned down, owing to




^0-©tO<l
W <M
M1 W
< >t o o
x

<M M
|Q M<tO
O I05
JO
0 W O03OtO 0
00 WD Q M
3 Q O 00
M* MO M
QMW
0* 0
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to o
0*^ M tO C K W p
b<l TkbV.Mlo
W •QWMl^O»
O tO M W 05 tO
*>o

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

Total.......... . . . . . . . . . . . . . T 3 , 2 3 9
1 8 7 ,8 6 4
* From New E n g la n d m ill p o in ts d irect.

scarcity of immediate supplies. Bleached cottons are quie*
throughout at previous prices. Wide sheetings in limited de*
mand but generally well sold up. Business in colored cottons
mainly restricted to small orders, there being no demand of
any importance from the cutting-up trade and jobbers only
meeting requirements as they arise. Prices without change.
Kid-finished cambrics slow sellers but firm at the close in
sympathy with print cloths. Other linings dull. White goods
sparingly offered for spring by some important sellers. Cot­
ton flannels and blankets in moderate re-order demand. Fancy
prints still well sold ahead but new demand light. Prices firm.
Other tegular prints dull at previous prices. Business in dress
style ginghams for immediate delivery moderate and few orders
placed yet in fine styles for spring. Staple ginghams quiet
but steady. Print cloths sold down to 2%c., but with practi­
cal exhaustion of stock at Fall River and renewed demand
have advanced again to 3c. for extras, and considerable sales
of spots and futures have been made thereat, chiefly at Provi­
dence.
1894.
1893
1892.
Stock o f P rin t Oloths—
Sept. 29.
Sept. 30.
Oct. 1 .
At Providence, 64 squares............... 89,000
171.000
None.
At Fall River, 64 squares............... 123,000 > 422.000
5,000
4t Fall River, odd sizes...................135,000 $
593,000
5,000
Total stock (pieces)................ 347,000
W o o l e n G o o d s . —The supplementary demand for heavy­
weight woolens and worsteds for men’s wear hangs on in an
unusual way for so late in the season; the orders are small
but fairly numerous and there is some difficulty in meeting
them, the market being so well cleaned up. Spring business
has been quiet throughout. Fine grades of staples and fancies,
with few exceptions, are moving slowly, the chief attention
still being directed to goods from $1 25 down to as low as 40c.
per yard in plain cloths and small effects such as cheviots
and cassimeres. Satinets are in dull demand, and only a handto-mouth business is reported in cotton-warp cassimeres, doe­
skins, jeans and cotton worsteds. The overcoating business
is dull, re-orders coming in slowly, but the demand for cloak­
ings continues active and takes in all lines, whether staples or
fancies. Sackings strong and scarce. Woolen dress goods in
soft wool fancies fairly re-ordered for fall, with some business
doing for spring delivery. There is no change in flannels,
blankets or carpets.
F o r e ig n D r y G o o d s . —A limited business is reported in fall
merchandise, the market again being almost entirely in the
hands of small buyers. For spring trade some fair orders are
recorded in fine novelties in printed and woven patterned
cotton fabrics, but the demand for woolen and worsted dress
goods is disappointing importers, who are offering both staples
and fancies at low prices. Silks are quiet. Hosiery and
underwear in improving demand. Linens show fully average
sales.

to0 O M tO 0 » ©
0
050 l^.£».<|COCR
<
100 i^OOOtOM
©0
1*
050
p<
1
© l 0*0005 w 05
*<
woo m w w tO to
tow <1050
o<i

M tO M tO tO

WMp0*O
rfk^OM
M

oo

T M0*m M
o

W5
0

0 5 < l O tOtO

rf* to

M ptf^C
W K
.... C0*
M! W Orf^OW
O O* tO 0500 0
W
to to p
O O O M pO
O C O M O tO tO rf^
* K
00 0*w M M O 5 0*<1
O I 0*0* tO »-»05CKM

Manufactures of—
105,407
6,902,254
180,673
5,487,506
HVool..................
104,691
3,587,197
101,669
5,485,879
Cotton................
104,143
5,620,200
184,207
6,404,570
Silk,...................
93,897
2,848,970
4,145,897
99,918
Flax ..................
45,050
1,987,605
932,534
53,936
Miscellaneous.......
Total withdr’w’ls 2,056 620,403 67,631 19,891,155 1,999 1 453,188 98,728 23,511,4571
Ent’dforconsumpt 9,565 844,484 615,315 80,224,934 6,267 1,566,530 562,943 46,382,545|
1 661,67ll 69,894,0021
11,464,887 I 682,946 |l00,116,089
Total marketed...,

N e w Y o r k , F r i d a y , P. M., October 5,1894.
The market has been dull all the early part of the week ;
more business has been doing the past two days than at the
opening, when the Jewish holiday kept an important element
out of the market. Buyers have been confining their opera­
tions very largely to small purchases for immediate consump­
tion. There has been very little indication of a disposition
on the part of the jobbing trade to make provision for spring
in either staple or fancy cotton goods, and forward business
of this character is confined almost entirely to shirt garment
and other branches of manufacturing trade. Apart from the
fact that recent heavy buying has filled the jobbing trade
toa great extent for the time being the course of raw cot­
tonisa restrictive influence,although so far the primary market,
owing to its comparatively clean stock condition, has been able
toresist this and to maintain previous prices. A renewed up­
ward movement in print cloths at the close of the week is also
likely to prove an element of firmness. In the woolen goods di­
vision business is very quiet excepting a well-sustained de­
mand for all-wool cloakings. Collections are coming forward
in sa tisfacto ry shape from all points, complaints of slow pay­
ments being unimportant.
Domestic C o t t o n G o o d s .— The exports of cotton goods
frQ this port for the week ending Oct. 2 were 3,239
m
packages, valued at $193,858, their destination being to the
points specified in the table be* "

615

M
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©
*
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THE CHRONICLE*
616
IV . L1X.
property
street paving improvement
in from one twenty years, excepting the proportion of such
Statu: and City DefAimmiT. foot against toincurredabutting onstreet and alley intersections
indebtedness
in paving
ol

TERMS OF SUBSCRIPTION.
Commercial and Fin ancial C H R O N IC L E con­
tains 4 0 to 6 4 pages, published every week.
«talc and City Supplement of C H R O N IC L E con­
tains ISO pages, published periodically.
Investors’ Supplement of C H R O N IC L E (a Cyclo­
paedia of Railroad Securities) contains 1 6 0 pages, published
every other month,
_________
Subscription to CHRONICLE for one year S I 0 .0 0 ,
which includes every issue of both S upplements.
Terms of Advertising—(P er inch space.)
O n e tim e . . . . . . . . . . . . . . . . . . . . $3 50 I T nree Mtm ths (13 tim e s ) ..$25 00
One M onth
(4 tim e s).. 11 00 Six M onths
(26 tim e s).. 43 00
Two M onths
(8 tim e s).: 18 00 1 Twelve Months (52 tim es).. 58 00
(The above te rm s fo r one m onth a n d up w ard are fo r s ta n d in g c a r d s .)

T lie purpose of this State and City D epartm ent
is to furnish our subscribers with a weekly addition to and
continuation of the S tate 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
State and City Supplement to as near the current date as
possible. Hence if every Subscriber will note in his Supple ­
ment on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, he w ill at all times possess a complete and fresh
cyclopaedia Of information respecting Municipal Debts.
B o n d Proposal* and Negotiations.—We have «*•
seived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Abbeville, Ga.—The citizens of Abbeville will soon vote on
issuing water-works bonds.
Albany, N. Y.—(C h r o n i c l e , vol. 58, page 744, and vol. 59,
page 525.)—Four per cent street improvement bonds to the
amount of $17,000 have been authorized. The loan w ill be
dated November 1, 1894, and will mature part yearly from
November 1, 1895 to 1899.
Astoria, Ore.—Water-works bonds to the amount of $200,*
000 will probably be issued soon.
Attica, Ind.—Bonds to the amount of $14,500 have recently
been disposed of.
Avondale, Ohio.—(Chronicle , vol. 58, pages 786 and 1003.)
—Sealed proposals will be received until October 29 for the
purchase of $5,000 of South Crescent Avenue improvement
bonds. The loan is dated August 27, 1894, bears interest at
the rate of 5 per cent, payable annually at the Central Trust &
Safe Deposit Co., Cincinnati, O., and matures part pearly in
from one to ten years.
Barnesville, Ohio.—(C h r o n i c l e , vol. 59, page 438.)—Vil­
lage Clerk H. E. Dement notifies the C h r o n i c l e that on Oc­
tober 1st seventeen bids were received for $5,000 of ‘*fire
engine and apparatus bonds ” bearing 6 per cent interest and
maturing at the rate of $500 yearly in from one to ten years.
The offers were as follows:

which will be taxed against the village at large in the same
period. The other indebtedness specified is to be taxed against
the village in from one to nine years. Assessed valuation of
the village is $1,098,067. The population of Barnesville in
1890, according to the Compendium of the Eleventh United
States Census, was 3,207 ; in 1880, 2,435.
Bethel, Conn.—(Chronicle , vol. 58, pages 953, and vol. 59
pages 343 )—It is reported that $30,000 of 4 per cent 25-year
school bonds have been sold at a premium. Interest is pay.
able semi-annually on April 1 and October 1, both principal
and interest being payable at the Importers’ & Traders’ Na­
tional Bank, New York City.
Bridgeton, N. J .—On September 27th the city of Bridgeton
sold $10,000 of school bonds to home parties at 102’50. The
securities are dated October 1, 1894, bear interest at the rate
of 5 per cent, payable annually on October 1, and will mature
August 1,1899. Principal and interest will be payable at th«
office of the City Treasurer.
Brooklyn, N. Y.—(Chronicle, vol. 58, pages 565, 691 744
786, 787, 831, 876, 953, 1045 and 1118, and vol. 59, pages 84
200, 384 and 486 )—Comptroller Corwin will receive bids un­
til October 15*for 4 per cent Brooklyn City tax certificates to
the amount of $570,000. Of this amount $500,000 will mature
in three months from date of issue and $70,000 will run until
July 1, 1896.
A report of the city’s debt as it stood on October 1st shows
that the net indebtedness is $49,164,000 and the borrowing
power $3,412,282.70. The following is a summary of the
Comptroller’s statement:
G ross d e b t J u n e 30, 1 8 9 4 .................................................... $53,609,160 93
B onds redeem ed sin c e ............................................................
361,000 00
T o ta l ................ ................................................................... $53,248,160 93
Bonds issu ed ........................................................: ....................
1,314,36101
G ross d eb t O ctober 1 ,1 8 9 4 ................................................ $54,562,52194
Sinking fu n d in v este d in B rooklyn City se c u ritie s.......
5,398,52194
N et d eb t O ctober 1 ,1 8 9 4 ...,............................................ . $49,164,000 00
Ten p e r c e n t assessed v a lu a tio n ................ ......................... 52,576,282 70
In sid e of lim it............................................................... ........... $3,412,282 70
A ssessed v a lu a tio n first tw enty-eight w a rd s..................$500,752,349 00

In regard to future bond issues the Comptroller is quoted
as saying: “Beyond question we shall issue more bonds but
to what amount I cannot now tell. We shall issue local im­
provement, sewer, school and bridge bonds. We can only tell
the amounts when the heads of the departments shall make
known their wants. Probably the next issue after the tax
certificates, w ill be the school bonds.”
Carey, Ohio.—Bids will be received until October 8 for the
purchase of $3,000 of village bonds. The loan will bear inter­
est at the rate of 6 per cent, and will become due at the rate
of $1,000 yearly in from one to three years.
Cazenovia, N. Y.—Sewerage bonds to the amount of $40,000 have been voted.
Columbus, Ohio.—(C h r o n i c l e , vol. 58, page 692, and vol.
59, pages 201, 345, 384 and 439.)—Sealed bids will be received
until October 8 by O. E. Barron, Clerk of the Board of Edu­
cation, for the purchase of 5 p ar cent school bonis to the
amount of $40,000. The bonds will be dated October 1, 1891,
and will mature October 1, 1919. Both principal and interest
will be payable at the National Park Bank, New York City.
Columbia Township, Ohio.—(C h r o n i c l e vol. 59, page 486.
On September 29th $13,000 of 6 per cent Columbia township
bonds were sold to the Atlas National Bank of Cincinnati for
$13,325 and interest. The securities are dated September 29.
Interest will be payable semi-annually, and the principal will
mature part yearly in from one to five years.
Denver, Col.—(C h r o n i c l e , vol. 58, pages 744, 831 and 1,045
and vol. 59, pages 384, 439, 486 and 525.)—The following sales
of Denver local improvement bonds are reported to us this
N. W. H a rris & Co., C hicago................... ...........j ...........................$5,242 00 week.

P eo p le’s N ational B ank, B a rn e sv ille .............................................
Z. T. Lew is, D ay to n .............................................................................
M. H. Dodge, C leveland ....................................................................
F arso n , L each & Co., C hicago...........................................................
L am p reo h t Bros. Co„ C leveland......................................................
Season good < M ayer, C in c in n a ti................................................. .
fc
S pitzer & Co., T oledo......................................................... ................
J . W. L o n street & Co., B o sto n ..........................................................
J . C. D e n t,B rid g e p o r t................................................. .....................
F . & M. S avings B ank, M inneapolis...............................................
W. J . H ay es < Son, C leveland...........................................................
&
Com m ercial In v e stm e n t Co., D e n v e r .................... .....................
F irs t N atio n al Bank, B a rn esv ille ..................... ..............................
8. A. K ean, Chicago ............................................................................
K udolph K leybolte & Co., C in cin n ati...........................................
Lyon, G ary & Co., C hicago.................................................. .............

5,221 00
5,215 00
5,200 00
5 ,1 9 1 50
5,185 00
5,177 25
5,157 50
5,153 50
5,150 00
5,141 00
5,127 00
5,126 50
5,101 50
5,075 00
5,050 00
5,027 00

The securities will be dated Oct. 1,1894, and interest will be
payable semi-annually at the office of the Village Treasurer.
In connection with the above announcement the Village
Clerk gives the following information in regard to the
finances of Barnesville :
•
“The indebtedness of the village previous to the issuance of
the new bonds consisting of street paving bonds $39,604 90 ;
natural gas bonds, $1,500 ; street-opening bonds, $4,000 ;
. total bonded indebtedness, $45,104 90; other indebtedness
(not including the indebtedness for the payment of
which the fire engine and apparatus bonds are issued),
$4,500; total indebtedness, $49.604 90. The $39,604 90 of
street paving indebtedness is to be specially assessed per front




S eptem ber 5 ,1 8 9 4 .......................$7,000
S eptem ber 17, 1 8 9 4 ................... 6,000
S eptem ber 24, 1 8 9 4 ................... 7,000

6s. J u ly 1 ,1 9 0 2
6s. J u ly 1 ,1 9 0 2
6s. S ept. 1 ,1 9 0 2

Price.
98
95
99

The securities are subject to call at any time. They are
payable by special assessment on property benefitted and, after
the taxes, are a first lien on such property.
D istrict o f Columbia.—(C h r o n i c l e , vol. 58, page 1082, and
vol 59, pages 83, 384 and 571.)—The District of Columbia has
sold $10,000 of 3 65 per cent bonds to Messrs. Dunscomb and
Jennison of New York.
Douglas County, Neb.—At the November election the
people of Dakota County will vote on a proposition to issue
bonds for $1,000,000 to aid in the construction of the Platte
River Canal.
Duluth, Mian.—(C h r o n i c l e , vol. 58, pages 877, 953 and *
1118.)—
On October 26th a special election will be held in
Duluth to vote on the question of buying the plant of the
Duiuth Gas & Water Company. A proposition has been
made by the company to sell on condition that the city as­
sume the company’s bonds for $1,812,000 and pay to them
in addition $294,000. The result of the election will deter­
mine whether the city w ill issue bonds for that amount.
Elberton, Ga.—Water-works and electric-light bonds to the
amount of $50,000 have been voted.

OCTÓBlB 6, 1894.]

THE CH RO m O LE.

617

Everett, Wash.—(Chronicle, vol. 58, pages 649 and 787
Mount Vernon, N. Y.—(Chronicle, vol. 58, page 1046, and
and vol. 59, pages 300, 384 and 571.)—The city of Everett has
Pages 164^246 and 344.)- B id s w ill be received until
gold $30,000 of 6 per cent 30-year bonds to Mr. John D. Rocke
a
feller at par. The securities were not offered at public sale 2 ? n n o r l 5 b u tbe, Bo- r d of , Education for the purchase, of
This is the first bond issue made by the city, and officials con 1 1909 to 1917°01 b0ads’ the loan to become doe from January
gider the sale a creditable one. Before the bond issue was
Bids will also be received until October 16 by the Common
made Everett had a floating indebtedness of $30,000. The as­
sessed valuation for 1893 was $3,017,044, property being as Council of Mount Vernon for the purchase of $24,500 of
sessed at about one-half of its real value. The total tax per assessment bonds. These bonds will bear interest at the rate
of 5 per cent, payable semi-annually, both principal and in ­
$1,000 was $30.
terest being payable at the office of tbe City Treasurer, and
Fnlda, Minn.—(Chronicle, vol. 59, pages 844, 384, 486 and will mature October 1, 1900. They will be delivered to the
5 7 2 .)—
Bids will be received until October 6 for the purchase purchasers on or before November 1, 1894.
of $9,000 of water works bonds, the loan to bear interest at
Neison, Neb.—An election will be held at Nelson on October
the rate of 6 per cent, payable annually, and to mature in 10
years from date. Fulda has at present no debt whatever and 3b to vote on the proposition of issuing bonds for water-works.
its assessed valuation of real estate for 1894, which is one
7
J ^ % Cityr (C? KNICLE’
fourth of actual value, is $79,000 ; personal property, $49.000 w8i? % tÍv 1^20>.and vol. E°n pages 39 58’ Pae 03 691>692, 745,
’i 10 í
59,
and 84.)—City Comptotal, $138,000.
«Ao TiJ Fitch will receive proposals until October 16 for $754,Garrett County, Md. The people of Garrett County will 560 75 of school bonds, due November 1,1913; $400,000 of
dock bonds, due November 1, 1924; and $500,000 of consoli­
vote on the question of issuing school bonds for $35,000.
Glencoe, Minn.—(Chronicle , vol. 59, page 535.)—The citi­ dated stock, due November 1, 1916, to provide for repaving.
All the
zens of Glencoe on the first of this month voted down the exempt securities will bear three per cent interest and all are
from taxation.
proposition to issue water-works bonds for $25,000.
Grand Rapids, Mich.—(Chronicle, vol. 58, page 1119 and
I1.1‘~ Bo“ ds o f this m unicipality to the amount of
vol. 59, page 126.) Electric-light bonds of this city to the 3,000 w ill be issued for water-works.
amount of $150,000 have been authorized by the Council.
inM03 ° f ( l l?Q
1,i0,7 (C? O
f:nICLE’ voL 58’ Pa*es 877> 916, 955,
1983> ^ d . ^ 1* 59» pages 39, 84, 164, 202, 300, 487
Grant’s Pass, Oreg.—The citizens of Grant’s Pass will vote
and 573.)—W. E. Wichgar, Village Clerk, will receive propo­
on October 8 on the question of issuing $22,000 of bonds for
sals until November 2 for the purchase of $5,736 76 of Hud­
sewerage system.
son Avenue improvement bonds. $33,322 14 of Harris Avenue
Hamilton County, Ohio.—(C h r o n i c l e , vol. 58, page 1119 improvement bonds and $8,154 19 of Elm Avenue improve­
and vol. 59, pages 164, 344, 486, 525 and 572.)—Sealed propos­ ment bonds. All of the loans bear interest at the rate of 6
als will be received until October 20 for the purchase of $6^500 per cent and become due part yearly in from one to ten years.
of Tweed Avenue improvement bonds. The loan will be dated
J
October 20, 1894, will bear interest at the rate of 4 per cent 1 iFiater^0n’,N;A -_(CHR0IiI0LE' voL 58» Pages 956, 10 47 and
1131, and vol. 59, page 302.)—It is reported that $30,000 of 5
payable annually, and will mature in 7 years.
per cent school bonds were sold September 24 to E. H.
Hudson, Mass.—It is reported that this municipality has
rnn & S°inSi at
f559* Tbe loan matures at the rate of
sold a $25,000 4 per cent loan, running ten years, at 102-6.
.0,000 yearly from October 1, 1895, to October 1, 1897.
Jackson, Mich.—(Chronicle, vol. 59, page 439.)—An elec­
Portsmouth, N. H.—C h r o n i c l e , vol. 58, pages 788 and 878,
tion will be held at Jackson on November 6 to vote on issu­ and vol. 59, page 32.)—It is reported that 4 per cent bonds of
ing $65,000 of improvement bonds.
in«3 C
1nrL ^ ainoun^
be
$10,000 have recently been sold at
if reported that this city has disposed of 104. The loan becomes due in 17 years.
Reading, Mass.—(C h r o n i c l e , vol. 59, page 344.)—Town
$8
5 iA°J°*Teaf bonds t0 the Illmois Trust & Savings Company
at 100-75, the loan to bear interest at the rate of 4% per cent.
Treasurer Edward F. Parker will receive bids until 6 P. M.
Kenton Union School District, Ohio.—(C h r o n i c l e , v o l. 59 on October 6th for the sale of 4 per cent electric-light and
page 440.)-It is reported that $45,000 of 6 per cent bonds of power bonds to the amount of $50,000. The securities will
this district have been sold for a premium of $5,527 50. The be dated October 1, 1894, interest will be payable semi-anloan is dated July 1, 1894, interest is payable semi-annually, £ i aA '■ & P*) and tbe principal will mature at the rate of
U J
and the bonds mature at the rate of $2,500 yearly from Juiv *1*999 “ e?ch year for ten years from and including 1895,
1,1898, to July 1, 1915.
3
3
7 1905 ’U U m eaCl1 y6ar for twenfcT years from and including
U
Lebanon, Oreg-.—
-Bonds of this municipality for water
Richmond, Va.—(Chronicle, vol. 59, pages 344 and 386.)—
works and electric lights are under consideration.
A n ordinance authorizing the issuance of 5-year 6 per cent
O hio.-(C H R O N IC LE, vol. 58, pages 915, 1003
water bonds to the amount of $175,000 is under consideration.
and 1119.)-healed bids will be received until November 5
Riverside School District, C al.—Bonds have recently been
by Bennett Carter, Village Clerk, for the purchase of $6.025 60
oi assessment bonds, bearing date of October 29, 1894. and voted by this school district, but it has not yet been deter­
payable at the rate of $602 56 yearly in from one to ten years. mined when they will be issued.
Interest at the rate of 6 per cent will be payable annually at
Mich.—(C h r o n i c l e , vol. 59, pages 42, 84, 127 and
the German National Bank, of Cincinnati, Ohio.
ib4.)—Bonds of this city have been authorized for the con­
struction of bridges.
an m S e8tei*’ N. H .—(Chronicle, vol. 58, pages 787, 9T5
?
Salt Lake City, Utah.—(C h r o n i c l e , vol. 58, page 956, and
? l l046i! aDd vo1, 59> Pages 246, 300, 487 and 573.)—The City
of Manchester has borrowed $50,000 at 2 ^ per cent interest on vol. 59, page 83.)—It is reported that this city has sold at pri­
vate sale $100,000 of bonds at 102. Interest is payable at the
a two months’ note, dated October 10, 1894.
rate of 5 per cent and the bonds become due in 20 years.
Massachusetts.—(Chronicle, vol. 58, pages 565, 6 5 0 , 6 9 1 ,
Sandusky, Ohio.— (C h r o n i c l e , vol. 58, pages 652, 878,1084
i 832, 877, 1003, 1046 and 1082.)—State Treasurer Henry M. and H22, and vol. 59, pages 127, 246, 345 and 440.)—The city
Phillips will receive proposals until October 10, 1894, for ot bandusky received three bids on September 27th for 5 per
$400,000 of 3)^ per cent Massachusetts registered bonds of cent sewer bonds. The amount offered was $12,000 and
the “ State House Loan.” The securities will be of the par Messrs. W. J. Hayes & Sons bid $12,180 and interest, Messrs.
E. H. Rollins & Sons offered $10,120 for $10,000 and Z. T.
value of $1,000, or multiples thereof, and they will mature Lewis offered $10,105 for a like amount.
July Jj 1901. Interest will be payable semi-annually (Janu­
Shelby, Mich.—The citizens of Shelby will probably vote
ary and July) and both principal and interest will be payable on issuing water works bonds to the amount of $20,000.
Silver Plume, Col.—A contract has been awarded for the
ln 8old at tlie State Treasury. Proposals must include ac­
crued interest from July 1, 1894, to the date of the delivery construction of water-works in this town, the contractor to
accept $20,000 of bonds in payment.
of the bonds.
Spokane, Wash.—(C h r o n i c l e , vol. 59, page 488.)—City
Treasurer Phillips’s advertisement, giving further particu ­
Comptroller Howard L. Weed reports to the C h r o n i c l e that
lars regarding the sale of the new issue, wiU he found else­ water bonds to the amount of $50,000 will be refunded by an
where in this Department,
issue of 5-20s dated September 1, 1894. Exchange is to be
made at par, and bids will be received until October 16, 1894.
1 1 » ®
f88S.-(CHRONiCLE, vol. 58, pages 565, 1082 and
th© near future special improvement
ill be issued,
1120 and vol. 59 pages 164 and 5 26.)-It is reported that this to ^take up outstanding district street andbonds wwarrants to
sewer
$l(innnS iW x $50,000 of 25-year water bonds at 104-276 and the amount of $400,000. These bonds w ill run for ten years
Kv
H t(? 30 year sewer»ge bonds at 103-63. Both loans and bear interest at a rate not to exceed 8 per cent per annum«
oear interest at the rate of 4 per cent.
St. Bernard, Ohio.—Proposals w ill be received until Octohafs^fonn £°A ty’ Mass.—It is reported that this county ®fro!r nJ J;
u“
0verman>Village Clerk, for the purchase of
• uas sold $200,000 of 4 per cent 20-year bonds.
$d,dbl 96 of 6 per cent street improvement bonds dated Octo­
Ohio.—(C h r o n i c l e , vol. 58, page 745.)—Bids will ber 1, 1894.
r l r^ r d Untl1 0clober 25 for the purchase of $2,583 of 6
Troy, N. ¥ .—City Comptroller James W. Coffey will re­
per cent avenue improvement bonds.
ceiver proposals until October 8 for the purchase of $5,000 of
oh?rifi?Ukel Coui,ty’ Wis.—Bids will bejreceived until Oct- bonds dated October 1, 1894. Interest will be payable at the
am£nUfr $50® O .rChaSe ° f 5 ^ ^
OO
15'year bonds to the rate of 3% per cent and the bonds will mature October 1,1910.
They will be known as “City of Troy Park Bonds” and will
M1u u .- ( C hronicle , 2vol. 158, page 954 and be payable at the Chamberlain’s office«
on «suing ILn4£ i rof n,ele^ -ioi? YiU be heldPn this cityltofvote
issLP $300,000 f electric-hght bonds.;
ff




W arsaw, N. Y,—Bonds of this village to the amount of
i0,000 have been voted for the construction of water works.

TH E

618

CHRONICLE.

[V o l.

L1X.

December 1, 1904. Interest will be payable semi-annuallv
(June and December) at the Merchants’ National Bank of St.
Paul, Minn.
The total debt of the village at present is $11,000 and the
West Dundee, 111.—The village of West Dundee has assessed valuation of both real and personal property is $208,awarded $5,500 of 6 per cent ten-year water bonds to .viessrs. 273. Assessment is made at about % of actual value.
N. W. Harris & Co. of Chicago for a premium of $310, cost
of printing bonds and accrued interest. Six bids were re­
ceived for the loan. Interest on the bonds is payable March
STA TE AND CITY D EBT CHANGES.
and September at the First National Bank of Chicago.
We subjoin reports as to municipal debts received since the
The village will offer $20,000 of special assessment water
bonds in about three months.
last publication of our S t a t e a n d C i t y S u p p l e m e n t .
West Dundee has no other indebtedness of any character Some of these reports are wholly new and others cover items
and its assessed valuation of both real and personal property
is $116,070. The assessment is made at the rate of about 1-5 of information additional to those given in the S u p p l e m e n t
and of interest to investors.
actual value.
West Riverside School District, California —Proposals
Asbury Park, N. J .—(C h r o n i c l e , vol. 58, pages 649, 786,
will be received until October 13 at the office of D. G. Mitcrnll,
Treasurer of Riverside County, for $2,500 of 7 per cent West 876 and 953.)—Frank L. Ten Broeck, Mayor; Milan Ross, Col.
Riverside School District bonds. Interest will be payable and Treas.—The statistics given in the following statement
annually and the securities will mature part yearly in' from have been corrected to July, 1894:
one to six years from Sept. 5,1894. The assessed valuation of
This borough is in Monmouth County
the district is $102,620.
LOANS—
W hen Due. T ax v alu atio n , rea. 1___$2,845,900
Yonkers. N. Y.—(C h r o n i c l e , vol. 58, pages 649, 746 and W a t e r B o n d s —
§ m „ T a x v alu atio n , perso n a l. 359,175
_
5s, J& D
$ 6 0 ,0 0 0 ..J u n e 1 ,1 9 1 5 T o ta l v a lu a tio n 1893_ 3,205,075
957, and vol. 59, pages 128, 165, 241, 345, 387 and 527.)—It is
Subject to call a fte r J u n e 1 ,1 9 0 0 A ssessm ent ab o u t ^ actual value.
leported that $6,500 of assessment bonds of the city of Yonk­ 5s, J& D $ 1 0 ,0 0 0 ..J u n e 1 ,1 9 1 7 S ta te t a x (per $1,000)............ $2‘50
ers, maturing February 1, 1897, have been sold at 100‘45, and 5s, J& D
2 2 ,0 0 0 ..J u n e 1 ,1 9 1 8 C ounty t a x (per $1,000)....... 4 00
_
B orough ta x (per $1,000)_ 8*40
Subject to call a t an y tim e.
$10,000, maturing February 1, 1898, at 100'68. The bonds
A verage school
J&
ne 1
draw interest at the rate of 4 per cent, and were awarded to 5s,te reDt, $ 50,000 ....... J ureas. ,1 9 2 4 R oad bonds a n dta x ................ 2-50
poor t a x __
60
In
s p ay ab le a t T
office.
the Yonkers Savings Bank.
B onded d eb t J u ly , 1 8 9 4 .. .$142,000 P o p u latio n of tow nship 1890.8,333
F lo atin g d e b t.....................
8,787 P o p u la t’n of b o rod894 (est.).3,700
Yorba School District, Cal.—Bids will be received until
October 13th at the office of D. S. Mitchell, Treasurer of T otal d eb t J u ly , 1 8 9 4 ... Io 0 ,7 8 7
T A X F R E E .—A ll bonds issued b y th is b orough are exem pt from
Riverside County, for $4,000 of Yorba School District bonds,
bearing interest at the rate of 6 per cent, payable^ annually. ta x a tio n .
The securities will run for ten years from September 6, lo94.
Indianapolis School District, ln d .—Following is a state­
The assessed valuation of the district is $641,244.
ment regarding the finances of this district in July, 1894 :
Zumbrota, M i n n .— (C h r o n i c l e , vol. 59, pages 300 and 489/
This district includes the whole of the city of Indianapolis.
_Bids will be received until October 11th at the office ot W. T o ta l d e b t J u ly , 1894. $170,000 I P o p u la tio n in 1890 w a s ... 105,436
W. Kinne, Village Recorder, for $3,000 of 5 per cent water T a x v a lu a tio n 18 9 3 ... 103,547,925 P o p u la tio n 1894 (est.).......125,000
extension bonds, to be dated December 1, 1894, and mature R e al v a lu a tio n ............ 165,000,000 1

W ellington, O h i o — (C h r o n i c l e , v o l. 59, p a g e 526.)—An
e le c tio n h e ld S e p te m b e r 22 t o v o te o n i s s u in g $35,000 o f
w a t e r - w o r k s b o n d s r e s u l t e d in f a v o r o f t h e p r o p o s itio n .

NEW LOANS

BONDS.

NEW LOANS.

NEW LOANS.

PROPO SALS FO R

$ 1 1 5 ,0 0 0

Massachusetts State Bonds.
COMMONWEAI/TH OP MASSACHUSETTS, )
T r e a s u r y d e p a r t m e n t , b o st o n , Oct. l, 1894. s

B E X A R C O U N T Y , TEXAS,
6% Gold 10-40 Year Court House Bonds.
D a te d A u g u s t 18,1893.

P a y a b le In New York.

100,000 Indianapolis, 1 9 2 4 ..............................................4s ill re c e iv e se a le d p ro p o s a ls a t
A ss e s s e d v a lu a tio n ............... $3u,031,552
T h e u n d e r s ig n e d w
T o ta l B o n d e d D e b t............... 1,028,950
i s office u ti l 12
o
e d esd y
30,470: 1890, 49,266;
40.000 Racine, Wis., 1903-13............ 4s th cto b e r 10th,n 1894, f oor’clo ck p(nroohna)s eo f f Wh e nfo lloaw ,­ P o peuxla rtio n ,u n1880, o n e o f t h e la rg e s t an d1894,57,000.
O
th e u
o t
B
ty
b est in the
in g d e s c rib e d re g is te r e d M a s s a c h u s e tts S ta te B o n d s, S ta te a f C o x a s . Is h e C ity o f S an A n tonio is County
T
T
90.000 Wakefield. Mass., 1 9 2 0 ..... .4s to be is s u e d i n p ie c e s o f $1,000 o r m u ltio le s th e r e o f , S e a t. oT h ee C o u n ty h a s v a r ie d a g ric u ltu ra l interests,
a u th o riz e d b y C h a p te r 632 o f t h e A c ts o f 1894.
a n d six ra ilr o a d o u tle ts d iv e rg in g fro m San Antonio.
85.000 Tacoma, Wash., 1913, Gold. 5s
T h e in d e b te d n e s s is low, b ein g le ss th a n 4 per cent
o f t h e a s s e s se d v a lu a tio n , a n d th e financial standing
o f t h e C o u n ty is o f t h e h ig h e s t o rd e r.
90.000 Salt Lake City, 1914, Gold. .5s
T h e s e b o n d s a r e is s u e d u n d e r t h e strin g e n t gen­
e ra l law s o f T e x a s, w h ic h r e n d e r th e m legal under
34.000 Ogden, 1913, G old ..................5s
c e rtific a te o f t h e A tto r n e y G e n e ra l o f th e S tate.
P r ic e a n d f u r th e r in f o r m a tio n u p o n application.
25.000 Milwaukee Co., Wis., 1907. 5s
p a y a b le J u ly 1 st, 1901, b e a rin g in t e r e s t a t t h e r a t e
35.000 Pueblo, Col., 1904, G old... .6s o f p e r c e n t p e r a n n u m , p a y a b le s e m i-a n n u a lly o n
t h e firs t d a y s o f J a n u a r y a n d J u ly . P rin c ip a l a n d
BA N K ERS,
30.000 Martin’s Ferry. 0 ., 1 9 4 0 ... 5s in t e r e s t p a y a b le a t t h e tr e a s u r y o f t h e C om m on- 72 BROADW AY, - NEW YORK.
P po’ a
s
t
e
c
eres
14,500 Attica, lnd., 1902....................5s 1st,o 1894, ls mdu ste infc luedlivaecryru e dt hin tb o n dts.f ro m J u ly
to a o d
of
e
T h e r ig h t is r e s e rv e d to r e j e c t a n y o r a ll proposals.
20.000 Portsmouth, N. H., 1914-----4s
H E N R Y M . P H I L L I P S , T re a s u re r.
10.000 Iron County, Wis., 1903-7. . .6s
10.000 Youngstown Twp., 0,, 1914..5s
20-YEAR FUNDING GOLD 4s,
10.000 Texarkana. Tex., 1934, Gold.6s
24.000 New Whatcom, Wash., 1913,
Maturing July 1, 1914.
Gold ........................................ ^
Principal and Interest Payable in Gold.
5,000 Saginaw, Mich., 1914.... 4J^s
P r ic e a n d P a r tic u la rs o n A p p lication.
400,000 Boston & Maine RR„ 1942. .4s
5 2 WALL ST., NEW YORK.
60.000 Trenton, N. J., St. Ry. Co.,
(G ro u n d F lo o r, o p p o site C u sto m H o u se .)
1 931,1st Mtge., Gold (Last
2 WABIi STREET, - - NEW YORK.
of issue)............................
6s
95.000 Maine Central RR. (Upper
Coos Div.) 1st Mtge., 1930.4 ^ s

$ 400,000

STATE HOUSE LOAN,

C. H. WHITE & CO.,

$ 75,000

City of Derby, Conn.,

German-American
Investment Co.,

Farson, Leach & Co.,
W. N. Coler & Co.,

High

II.

h

. GAY & CO.)

131 Devonshire St., Boston,
SUCCESSORS TO

GAY & ST AN WOOD

Grade Municipal Bonds

for investment try Savings Banks
and Trustees.

Descriptive circular

sent upon application.

BANKERS,

6 2 Cedar Street,

-

-

NEW YORK

M U N IC IP A L , COUN TY , SCHO O L AND
T O W N S H IP BO ND S

BOUGHT




AND

SOL D.

R. T. Wilson & Co.,
B A N K ER S

AND

COM M ISSION

MUNICIPAL BONDS.
34 NASSAU STREET.

Tames N. Brown & Co.
J

BANKERS.

M ERCHANTS

33 Wall Street. New York.

WM. FRANKLIN HALLBOOKS ACCOUNTANT“ “ 1“
New fo rm s d esig n e d f o r b o oks o f accoun o.
Settlement of Insolvent Estates.

OCTOBER

THE

6, 1894.]

619

CHRONICLE.

Great F alls, Mont.—(C h r o n i c l e , vol. 59, page 489.)—
figures of indebtedness, etc., given
the following statement have been corrected to July, 1894: W. H. Gelsthorpe, Mayor. The following statement regard­
ing the indebtedness, assessed valuation, &c., of Great Falls
mTbis C is in Bartholomew County.
ity
City and School District has been corrected by means of a
W hen D ue. I I n te re s t p ay ab le In N ew York.
T otal d eb t J u ly , 1 8 9 4 .........$56,000 special report to the C h r o n i c l e from W . S. Frary, City
1909 T a x v a lu a tio n 1 8 9 3 ___ $4,300,000
R eal v a lu a tio n ................ 7,500,000 Treasurer. The $80,000 of 6 per cent 10-30-year school bonds,
v
■R'rriimNG—
Ja n . 1, 1907 } P o p u latio n in 1890 w a s .........6,719
5s, J&J,
'
Ja n . 1, 1910 I P o p u latio n 1893 (estim ’t ’d )..8 ,0 0 0 the sale of which we recently reported, were issued in 1893,
5s, J&J,
and were included in the total debt of the district as given in
Davenport, Iowa.—(C h r o n i c l e , vol. 58, page 611.)—T he our last S t a t e a n d C i t y S u p p l e m e n t .
following statement concerning the finances of Davenport
Great Falls is in Cascade County.
has been corrected to July, 1894.
P a r k and S e w e r P u r po ses —
W hen Due.
LOANSD a v en p o rt is in Scott County.
C olum bus, I n d . — The

. a . wq
When Due. T o ta l d e b t J u ly 1894— $475,000
L0 AIno. ^ ^ o 1 q q 9—
T ax v alu atio n 1893 ............ 9 580.555
fa y in g B onds - 1 8 9 2
J
..,$71,000.................... 1899 A ssessm ent ab o u t ^3 a c tu a l v a lu e .
P o p u latio n in 1890 w a s___26,872
REF ONDINO BONDS—
t i »
$275,000............... 1909 P o p u latio n in 1880 w a s— 21,831
P o p u latio n 1893 (est.).........35,000
4 ge’
wer bonds $60,000.
INTEREST is p ay ab le a t th e Im p o rte rs’ & T ra d e rs’ N atio n al B ank,
NewYork City.

Gadsden, Ala.—Following is a statement regarding the
of this city in July, 1894. No report from this mu­
nicipality appeared in our S t a t e a n d C i t y S u p p l e m e n t .
G adsden is in Etowah County.
finances

Total debt Ju ly , 1 8 9 4 ... $40,000 P o p u la tio n in 1890 w a s .........6,056
Tax valuation 1893 .... -2,500,000 P o p u la tio n in 1880 w a s .........3,732
.5,000,000 P o p u latio n 1894 (estim ’t ’d ) . .6,500
Beal valuation—

Grand H aven, M ich .— (C h r o n i c l e , vol. 59, page 384.)—The
statement has been corrected to September, 1894:

following

This city is in Ottawa County.
T o ta l n e t d e b t Sept., 1894.$47,500
T ax v alu a tio n 18 9 3 ___ 1,147,200
Is A&O, $15,000---- J u n e 1 ,1 8 9 5 R eal v a lu a tio n ................ 2,000,000
k a &O, 15,000— J u n e 1 ,1 9 0 0 P o p u latio n in 1 8 9 0 .................. 5,023
!’
5S a &O, 1 7 ,0 0 0 .... J u n e 1 ,1 9 0 5 P o p u latio n In 1894 .................. 5,268
’
INTEREST on th e b onds is p ay ab le b y W inslow , L an ier & Co., New
York City.
LOANS—

railroad

W hen Due.

A id B o n d s —

6s, J& J , $ 7 0 ,0 0 0 ................
.1912
Subject to c a ll 1902
B onded d eb t M ay, 1894. $150,000
F lo a tin g d eb t M ay, 1894.
12,050
T a x v a lu a tio n , r e a l .3 ,467,905
T a x v alu atio n , p erso n al.2 ,4 1 9 ,5 5 9
T o ta l v a lu a tio n 1894 _ 5,887,464
_
T o ta l t a x (per $ 1 ,0 0 0 )...
$26-50
A ssessm ent is ¿3 a c tu a l value.
P o p u latio n 1894 (est.)..........12,000
P o p u latio n iu 1890 w a s .........3,979
INTER EST is pay ab le a t th e C ity T reasu rer’s office an d in New York,
G R E A T F A L L S SCHOOL D IST R IO T .—Cascade C ounty.
T o ta l d eb t Sept., 1 8 9 4 .. $150,000 I School t a x p e r $1,000........... $5-00
A ssessed v a lu a tio n ’92. 9,000,000 | P o p u la tio n (estim ated)....... 12,000

F unding B onds —
6s, J& J, $ 5 0,000 .........J u ly 1 ,1 9 1 1
Subject to call a fte r J u ly 1 ,1 9 0 1
6s, J& J, $30,000....................... 1912
Subject to call 1902

Hamilton, Ohio.—(C h r o n i c l e , vol. 58, p. 1119 and vol. 59,
pages 164, 344, 486 and 535.)— The figures of indebtedness
given in the following statement have been corrected to July,
1894:

This city is in Butler County.
LOANSW hen Due. W ater 6s, $12,000......................1894

B ridge
6s, $ 8 ,0 0 0 ..— 1894
F ire D ep art. 6s, 10,000..........1894
G as
5s, 5 0 ,000..........1908
G as
5s, 1 0 0 ,0 0 0 ...... 1918
L ig h t
5s, 50,000.. 94 t o ’04
Sinking fu n d 6s, 31,000..........1900
do do 5s, 12,000......... 1897
S treets, etc., 6s, 20,700..........1894

M UNICIPAL BONDS
M U N IC IP A L B O N D S
For Inveiànent.
PRICE AND PARTICULARS UPON
FOR INVESTMENT,
APPLICATION.

p a r t ic u l a r s

u pon

a p p l ic a t io n

F IN A N C IA L .

F IN A N C IA L ,

F IN A N C IA L .

.

Street, W ykes & Co.,
44 WALL STREET,

MEMBERS OF T H E N E W Y O R K A N D BOSTON
STOCK E X C H A N G E S . :
DEALERS IN CO M M ER C IA L P A P E R .

Blake Brothers & Co.,
38! STATE STREET,! {BOSTON.
3 NASSAU ST., NEW YORK.

W ater 5s, 3 4 0 ,0 0 0 ...................1912
T o ta l d eb t J u ly ,1894 ........$649,438
T ax v alu atio n 1893 ___ 8,208,561
R eal v a lu a tio n ................ 13,500,000
T otal t a x (per $1,000)...........$28'98
P o p u latio n in 1890 w a s ....... 17,565
P o p u latio n in 1880 w as.......12,122
P o p u la tio n in 1892 (est.). :. .20,306

W. J. Hayes & Sons,
BA N K ER S,

Dealers in MUNICIPAL BONDS.
S tr e e t R ailw ay B o n d s a n d o th e r h ig h g ra d e in ­
v e s tm e n ts .

311-313 SuperlorSt.^

40-42 W all St.,

7 Exchange Place,
Boston

New York,

C ab le A d d ress, ‘•K E N N E T H .”

NEW YORK.

S. H. Wood Produce Co.,
6 W ALL STREET,
96 B R O A D W A Y ,
5 PISTE S T R E E T , S . Y.
T

Rudolph Kleybolte &?Co.,
Investment Rankers,
30 West Third Street,

Choice Investm ent Bonds o f Cities,

913 to 917 Guaranty Loan Building,
Minneapolis, Minn,

Counties and School D istricts.

B ay a n d sell all k in d s of g ra in an d p ro d u ce
th e M inneapolis a n d Chicago m ark ets.
W rite fo r o u r SPEC IA L MONTHLY AND
A IL Y M A RKET LETTERS.
COMMISSION i«. T elephone, 951 C ortlandL

L IS T S M A IL E D U P O N A P P L IC A T IO N .

Parkinson & Burr,

MORTGAGE LOANS
IN

Hatch & Foote,

BANKERS AND BROKERS,
16 BROADWAY,
NEW YORK.
BOSTON OFFICE, 53 STATE ST.

BANKERS,

Members of th e N ew Y o rk a n d B o sto n S to ck E x ­
changes. P riv a te w ire b e tw e e n t h e tw o offices.
Information given in re g a rd to a ll B o s to n s e c u ritie s
and quotations fu rn is h e d .

W. H. Goadby & Co.,
BANKERS AND BROKERS,
No.

24

BROAD
N ew

STREBT

TEXAS.
7 Per Cent and

8

Per Cent Net.

No. 7 PINE STREET, NEW YORK.

NO COMM ISSIONS ch a rg e d b o rro w e r o r le n d e r
u n ti l lo a n s h a v e p ro v e n good.

INVESTMENT SECURITIES.

FR A N CIS SM ITH & CO.,
SAN ANTONIO, TEXAS.

WM. M . H a k r im a n , M em b er N . Y . S to ck E x ch an g e.
N ic h o l a s F i s h .
Ol i v e r H a r r i m a n , J r .

Harriman & Co.,
EQUITABLE BUILDING, NEW YORK.

BANKERS AND BROKERS,
T ra n s a c t a G e n e ra l B a n k in g a n d S to ck E x c h a n g e
B u sin ess.

Y o rk

ALL N. Y. CITY STREET RAILROAD

Gilman Son & Co.,

Cincinnati,¡Ohio.

And other Investment Securities dealt in by

BANKERS,
IS

W ALL

STR EET, NEW
Established 1865.

YORK.

MEMBERS OF NEW YORK STOCK EXCHANGE,
Allow Interest on deposits subject to sight check.
Buy and sell on commission stocks ana bonds oitlior
or cash or on margin, and deal in
«1 N E W S T R E E T , N E W Y O R K .
NO. «2 C E D A R S T R E E T .
In vestm en t S ecu rities.
MEMBERS N. Y. STOCK EXCHANGE.
» Smitten to a Sonerai Banking Business, Bay
CHAS. D. MAKVISj
A.
id d s
Orders to Stools & Bonds executed for Cash or pn h , M.Korsa®,
)<}
g y » » Govfrnisçat
ÏBTWtWfht 8eW, My KETO58,
J, M
M
wpflrin*
BANKERS, I




R. J. Jacobs & Co.,

THE CHRONICLE.

620

[V ol , L ì x ,

fatte jêtatemputs.

fatte Jftatjemmts.
T> EPOBT OF THE CONDITION OF THE

fa tte S ta te m e n ts.

DEPORT OF THE CONDITION OF THE
f t AMERICAN EXCHANGE NATIONAL

f t GALLATIN NATIONAL BANK, a t N ew
Y ork C ity, in t h e S ta te o f N ew Y o rk , a t t h e clo se o f
b u s in e s s O ct. 2, 1894:

BANK, a t N ew Y o rk , in t h e S ta te o f N ew Y o rk ,
a t th e c lo se o f b u s in e s s O cto b e r 2,1894:

RESOURCES.

RESOURCES.

L o a n s a n d d is c o u n ts ................................ 24,787,447 98 L o an s a n d d is c o u n t s ..................................$15,698,135 81
O v e rd ra fts , s e c u re d ...................................
8.428 29 O v e rd ra fts , s e c u re d a n d u n s e c u r e d . .
81,528 50
U . S. b o n d s to s e c u re c i r c u la tio n ... .
600,00000 U. S. b o n d s t o s e c u re c irc u ­
U . S. b o n d s on h a n d ..................................
410,000 00
la tio n ( 4 s ) . . . ..................... $3,000,000 00
«7,660 00
P re m iu m s o n U . S. B o n d s ..........................
(os)............................ 1,000,000 00 4,000,000 00
S to ck s, s e c u ritie s , e tc ...............................
857,887 88 U . S. b o n d s o n h a n d .................................... 1,000,000 00
617,000 oO
B a n k in g -h o u se , f u r n it u r e a n d flx t’re s .
600,000 00 P re m iu m s o n U- S. b o n d s .........................
O th e r r e a l e s ta te k m o rtg a g e s o w n ed .
18,100 00 S to ck s, s e c u ritie s , e t c ................................. 1,801,470 95
D u e fro m D a t.b a n k s(n o t re s e rv e a g ts.)
228,260 29 B an k in g h o u s e , f u r n it u r e k f ix t u r e s . . .
300,000 00
D u e fro m S ta te b a n k s a n d b a n k e rs ...
3,127 06 O th e r re a l e s ta te a n d m o r t’g e s o w n ed .
66,786 77
C h ec k s a n d o th e r ca sh ite m s ....... ...........
12,813 76 D ue f ro m n a tio n a l b a n k s (n o t re s e r v e
1,833,«35 75
E x c h a n g e s f o r C le arin g H o u s e .............
a g e n ts ) .....................
2,314,194 85
N o te s o f o th e r n a tio n a l b a n k s ..............
14,600 00 D ue fro m S ta te b a n k s a n d b a n k e r s ... . .
190,101 14
F r a o t’l p a p e r c u r ’cy, n ic k e ls a n d c e n ts
24444 C hecks a n d o th e r c a sh it e m s ...................
224,325 07
L a w fu l m o n e y re s e rv e in b an k , viz.:
E x c h an g es f o r C le arin g H o u s e ............... 3,935,210 76
24,000 00
S pecie........................................ $1,232,27500
N o tes o f o th e r n a tio n a l b an k s.
L e g a l-te n d e r n o te s ...............
858,89900
L a w fu l m o n ey re s e rv e in b a n k , viz.: . U .S. c tfs . o f d e p o s it f o r
S p ecie...................................$2,187,654 88
le g a l te n d e rs .......................
520,000 00
L e g a l-te n d e r n o te s ......... 4,238,820 00
U . S. c e rtific a te s o f d e ­
2,610,674 00
p o s it f o r le g a l te n d e r s .3,340,000 00
R e d e m p tio n f u n d w ith U . S. T re a s ­
u r e r (5 p e r c t. o f c irc u la tio n )..............
27,000 00
9,716,474 88
T o ta l.........................- ........................... ...$11,979,419 44 R e d e m p tio n f u n d w ith U . 8 , T r e a s u r e r
180,000 00
(5 p. c. o f c irc u la tio n ).,................... ........
LIABILITIES.
C a p ita l s to c k p a id in .......................
$1,000,000 00
T o ta l.................................... i ................... $39,649,^28 73
S u rp lu s f u n d ................................................
1,000,000 00
LIABILITIES.
U n d iv id e d p ro fits, le ss e x p e n se s a n d
C a p ita l s to c k p a id i n ................................... $5,000,000 00
579,542 32 8 u r p lu s f u n d .................................................. 2,000,000 00
ta x e s p a id ................
N a tio n a l b a n k n o te s o u ts ta n d in g .........
482.500 00 U n d iv id e d p ro fits, le ss e x p e n se s a n d
D u e to o th e r n a t ’l b a n k s .......................... 1,669,921 70
ta x e s p a id ....................................................
355,582 48
D ue to S ta te b a n k s a n d b a n k e rs ............ 1,022,359 85 N a tio n a l b a n k n o te s o u ts ta n d in g ......... 2,857,740 00
In d iv id u a l d e p o s its s u b je c t to c h e c k .. 4,846,390 35 D u e t o o th e r n a t ’l b a n k s ............................ 5,723,739 47
D em a n d c e rtific a te s o f d e p o s it.............
1,893 50 D u e t o S ta te b a n k s a n d b a n k e rs ......... 3,022,954 52
A ccep ted d r a f t s ........................................... 1,317,415 73 D iv id e n d s u n p a id ........................................
9,608 50
D iv id e n d s u n p a id .........................................
60,396 00 In d iv id u a l d e p o s its s u b je c t to c h e c k .. 19,303,449 50
360,168 67
T o t a l...........................................................$11,979,419 44 D em an d c tf s . o f d e p o s it............................
C ertifie d c h e c k s ............................;..............
728,870 07
8 ta te o f N ew Y o rk , C o u n ty o f N ew Y o rk , **:
I, A r t h u r W. Sh erm an , C ash ie r o f t h e ab o v e - C a sh ie r’s c h e ck s o u ts ta n d in g .............. .
287,115_62
n a m e d b an k , do so le m n ly s w e a r t h a t t h e a b o v e
T o ta l...........................................................$89,649^228 73
s ta t e m e n t is t r u e , to t h e b e s t o f m y k n o w led g e an d S ta te o f N ew Y ork, C o u n ty o f N . Y ., ss:
b e lie f.
A . W . S H E R M A N . C ash ie r.
I, E d w a r d B u r n s , C ashier of th e above-nam ed
S u b sc rib ed a n d s w o rn to b e fo re m e th is 5 h d ay bank, do solem nly sw ear th a t th e above s ta te m e n t
o f O ctober, 1894.
H . L. Br a y n a r d .
Is tru e to th e b e st of m y knowledge a nd belief.
C o rre c t—A t t e s t :
N o ta ry P u b lio .
E D W A R D B U R N S , C ash ie r.
A . H . 8TEV EN S.
>
.
S u b sc rib e d a n d sw o rn t o b e f o r e m e th i s 5 th day
W . E M L E N R O O S E V E L T , f D lr« e to rs.
o f O ct., 1894.
W m. I v es W a s h b u r n ,

DEPORT OF THE CONDITION OF THE
f t 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 rk , a t t h e c lo se o f b u s in e s s o n t h e 2d d a y o f
O cto b er, 1894.
'

RESOURCES.
Loans and discounts ................................. $4,158,267 33
Overdrafts..............................................
5 77

U . 8. b o n d s ............
486,100
310,868
O th e r sto ck s a n d b o n d s ............................
P re m iu m s ...................................
75,103
R e a l e s ta te .......................................... *.......
563,457
S p e c ie ....
................. $1,648,792 56
L e ^ a l te n d e r s a n d b a n k
n o te s ......................... ............. 956,500 00
D u e fro m T re a s u re r o f U .S.
2,250 00
E x c h a n g e s f o r C le arin g
H o u s e ...........................................1,066.55430
D u e fro m b a n k s ........................... 322,53911
O th e r ca sh ite m s .......................... 16,46484
--------------— 4,013,100

00
95
50
18

80

LIABILITIES.

00
83

00
42

** MERCANTILE NATIONAL BANK
o f t h e c ity o f N ew Y o rk , a t t h e clo se o f b u s in e s s
O cto b e r 2d, 1894.
L oan s a n d d is c o u n ts ................................... $7,336,738
O v e r d r a f ts ..............................................
7,058
444,000
U. S. b o n d s t o s e c u re c i r c u l a t i o n ......... O th e r s to c k s a n d b o n d s ............................
141,900
R ea l e s ta te , b a n k in g h o u s e ...................
200,000
S pecie..................« 3 » ........... $1,564,647 38
L e g a l-te n d e r n o te s ........... 1,737,850 00
B ills o f o th e r b a n k s ............
4,857 00
Ch’k s a n d o th e r c a sh ite m s
18,075 40
E x c h an g es f o r c l’in g h o u s e 577,047 21
D ue f ro m n a tio n a l b a n k s .. 545,588 84
D ue f ro m S ta te b a n k s a n d
b a n k e rs ............................
34,404 69
R e d e m p tio n f u n d w ith U .
8 . T r e a s u r e r (5 p e r c e n t
19,448 00
o f c irc u la tio n )...................
D u e f ro m U . S. T r e a s u r e r
o th e r t h a n 5 p e r c e n t r e ­
d e m p tio n f u n d ..................
11,000 00
------------------ 4,512,918
T o ta l..................................

28

a.
.............................................$9,606,903 53
8 ta te o f N ew Y o rk , C o u n ty o f N ew Y o rk , ss:
I, A lfr ed H. T im pson , C ash ie r o f t h e ab o v e -n a m ed
b an k , do so lem n ly sw e ar t h a t t h e ab o v e s ta t e m e n t
is t r u e , to th e b e s t o f m y k n o w led g e a n d b e lie f.
_ „ _
A L F R E D H . T IM P S O N , C ash ie r.
S u b sc rib ed a n d sw o rn t o b e fo re m e t h i s 6 th day
o f O ct., 1894.
E d w i n F . Co r e v .
C orre o t—A t t e s t :
N o ta ry P u b lic , N . Y . Co.
H E N R Y M. T A B E R ,
.
E D W IN C. S T U R G E S.
J D ire c to rs .
EDM UND D . R A N D O L PH .

S

' M

r

92
25
00
00
00

„ „

R e d e m p tio n f u n d w ith U . S. T re asu re r 18,078,321
(5 p e r c e n t o f c irc u la tio n )
...
in win „»1
D u e fro m U . S. T r e a s u re r, o th e r th a n
u,ouu 301
5 p e r c e n t r e d e m p tio n f u n d ................
u fi88 7..

TotaK • ................ ........................ -$47,374^0583
LIABILITIES.

C ap ital s to c k p a id i n .............................
*1 non nnn no1
S u rp lu s f u n d . . ...........Z l. '.l. lO O O o M
U n d iv id e d p ro fits, le ss ex p en ses and
’ uu,uuu
ta x e s p a id . . . . . . . . . . . . . . . .
1 999 21i 11]
N a tio n a l b a n k n o te s o u ts ta n d in g ........ ’hoa«« ml
D iv id e n d s u n p a id ................................................... ’«i!!
In d iv id u a l d e p o s its s u b olu ■
je c t to c h e c k ....................$35,153,813 71
D em an d c e r tf s . o f d e p o s it
200 00
C ertified c h e c k s ..... .............. 1,427,106 69
C ash ier’s c h e ck s o u ts ta n d ­
in g ........................................
88,249 64
U n ite d S ta te s d e p o s its ___
100,000 00-38 769 370 ml
D u e to o th e r n a t . b a n k s ... 4,569,379 29 ’ ’
D u e to - S ta te b a n k s a n d
b a n k e rs ............................... 1,229,874 88- 5.799,254 171
T o t a l....... ............................................. .$47 37499* q I
, k
S ta te o f N ew Y o rk , C o u n ty o f New York,’ss •'
331
I, G. D . Me e k e r , C ash ie r o f th e above-named!
B an k , do so le m n ly s w e a r t h a t th e above statement!
is tr u e , to t h e b e s t o f m y know ledge and belief
1
- .
„
G. D . M EEKER, Cashier. .
S u b sc rib e d a n d s w o rn to b e fo re m e this 5th dav
o f O cto b e r, 1894.
aT|
C o rre c t—A t t e s t :
N o ta ry Puolic, N. Y. Co
R . G. R O LSTO N ,
.
C L E V E L A N D H . DODGE, ) Directors.
JA M E S S T IL L M A N .
S

Wood, Huestis & Co.j
31 f i n e S treet, New York City.
COM M ISSION

C H. HUESTIS
.
(Member N. Y. Stock Ixehangi)
L. M SWAN,
.
E. H. LADD, JR.,

G eneral Partners,
n . D . W O O D , S pec1»! P a r tn e r .
52

$12,642,615 09

LIABILITIES.

Stock Exchange Securities!
Bought and Sold f o r Cash o r o n M a rg in .

C ap ital s to c k p a id i n ......................................... $1,000,00000 INVESTMENT
S u rp lu s f u n d ....................................................... 1,000,00000
U n d iv id ed p ro fits, n e t ...............................
103,399 06
N atio n al b a n k n o te s o u ts ta n d in g .........
388.960 00
P re m iu m a c c o u n t..............................................
19,700 00

Deposits—

In d iv id u a ls ...................... ..$4,771,895
N a tio n a l b a n k s .................... 3,735,652
S ta te b a n k s a n d b a n k ’r s ... 1,333,673
D em a n d c e rts , o f d e p o s it.
6,812
C ertifie d c h e c k s .................. 274,270
C a s h ie r’s c h e ck s o n ts t’g ..
8,252

44
04
48
14
88
65

4 7 BROADWAY, N E W Y ORK.

-10,130,556 63

Marine Insurance Co., Limited,)
of London.
ASSETS, JAN. 1, 1894 .............$5,669.2831

Bliss, Fabyan & Co.,

R ailroad and In vestm en t S ecu rities.

BONDS A SPECIALTY.]

Edward Morton & Co.J

John H. Davis & Co,,

DEALERS I N ALL K IN D S OE

BR O K ER S,

IN V E S T M E N T SEC URITIES.

a n ii'fH iH W a w r h u i t m s a S p e t t a i t t .

N o . 2 0 NA SSA U S T ., N E W Y O R K .

RESOURCES.

L o an s a n d d is c o u n ts .................
O v e rd ra fts , s e c u re d a n d u n se c u re d ”"*'43,808\188
U . s . b o n d s to s e c u re c irc u la tio n . ’" '
9 0 1R1, »
0
U . 8 . b o n d s to s e c u re U . S. d ep o sits’ "
100.000 00
S to ck s, s e c u ritie s , e t c .................
48o,834 2«!
B a n k in g h o u s e , f u r n it u r e a n d fixtures'
O
O th e r re a l e s ta te a n d m o rtg ’s ow ned " 200.000 O
22,400 00
D u e fr o m n a tio n a l h a n k s (n o t reserv e
a g e n ts ).................................................
6
D u e f ro m S ta te h a n k s a n d h a n k e rs ’' ’' 1.177,255 4 1
91,6h m
8
C h eck s k o th e r ca sh ite m s ..............
E x c h a n g e s f o r Cl’g H o u s e ............ ............ „155,101 35
2,785.107 77
N o tes o f o th e r n a t. b an k s
22,347 00
F ra c tio n a l p a p e r c u rre n c y , n ick els an <
?
c e n t s ....................................................
.. 1
L a w fu l m o n e y r e s e r v e in b an k , v iz ' " ’
481911
S p e c i e . . . . . ......................... 7,888.334 00
L e g al t e n d e r n o te s ......... 4,408,000 00
U . S. c e rtf s . o f d e p o s it
f o r le g al te n d e r s ......... 5,780,000 00

AND DEALERS IK

T o ta l.......................................................... $12,642,615 69
S ta te o f N ew Y o rk , C o u n ty o f N ew Y o rk , ss :
I, F r e d ’k B . Sch en ck , C ash ie r o f t h e ab o v e n a m e d b an k , d o so le m n ly s w e a r t h a t t h e ab o v e
s ta 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 led g e a n d
b e lie f.
F R E D ’K B . S C H E N C K , C ash ie r.
S u b sc rib e d a n d sw o rn to b e fo re m e th is 4 th day
o f O cto b e r, 1894.
F . A . K. Br y a n ,
C o rre c t—A tte s t:
N o ta ry P u b lic , N . Y . Co.
EM ANUEL LEHM AN, 1
R . H . W IL L IA M S ,
>D ire c to rs.
W M . P . ST. JO H N .
5

Simon Borg & Co.,

c it y

E d w in F. Corey,

D EPORT OF THE CONDITION OF THE

RESOURCES.

T o ta l........................................................... $9,606,903 68
C ap ital s to c k ....................................................$1,000,000
S u rp lu s a n a p ro fits le ss e x p e n se s a n d
ta x e s p a id ....................................................
222,794
C irc u la tio n .............................
36.200
D iv id e n d s u n p a id ........................................
7,857
D e p o s its :
In d iv id u a ls ............... $3,825,964
34
N a tio n a l b a n k s ....... 3,175.079
44
S ta te b a n k s ....... ................. 552,441 18
A c cep tan ce s.............
783,4u8
81
C ertific ates o f d e p o s it...
456 88
C a s h ie r’s c h e c k s ....... .
2,700 63
------------------- 8,340,051

Notary Public. N. Y. Co.

C o rre c t—A t t e s t :
A U S T IN C O R B IN , )
D U M O N T C L A R K E , > D ire c to rs .
J . R . M AXW ELL,
S

M

BANKERS AND BROKERS,
NEW YORK, BOSTON,PHILADELPHIA.
No. 10 WALL ST., NEW YORK.
Selling agents fob Leading Brands
Orders for Stocks an Bonds executed at all Ex­ BROWN and BLEACHED SHIRTINGS
changes. Especial attention given to supplying
and SHEETINGS,
high-class
PRINTS, DENIMS, TICES, DUCKS, AO.
INVESTMENT SECURITIES.
Towels, Quilts, White Goods and Hosiery.
D rills, Sheetings, Ac., to r E xport Trade.

Insures Bonds,
SECURITIES, CURRENCY and SPECIE
SEN T BY

REGISTERED MAIL OR EXPRESS

A G A IN S T

A LL RISKS.

CHUBB & SON,
G E N E R A L A G EN TS,

& & 7 S. William St„

SECU RE

-

B A N K VA U LT8.1

Fred. H. Smith,

Stocks, B onds and Investm ents.

MARGIN ACCOUNTS SOLIC11ED,

S T A T IO N E R S A N D P R I N T E R S .

1I iIiI I B W
1

SEARSSuccessorsWHITE,
& to

N o. 8 B R O A D S T R E E T , N S W Y O R K .

NEW YORK.

EUGENE R. COLE,

GENUI NE

WELDED CHROME STEEL AND IRON;

1-10 Per Cent Commission.

Supply Banks, Bankers, Stock Brokers and Cor­ n Round and Flat Bara and 5-plYPlatea and An««»
FOR 8AFES, VAULTS, A
c.
.
porations with oomplete outfits of Account Books
Cannot be Sawed, Cut, or Drilled, and positivai«
and Stationery.
Burglar-Proof.
IWNew concerna organizing will ' have the!
01» to Reliable Banks. Correspondence Invited, orders promptly executed.
C H R 6 1 S 1 S T E E L W ORKS,

INTEREST ALLOWED ON BALANCES*
e s t a b l i s h *®




sro e$ \m ,

m I WIIA14U STUllT*

I?1
«

ta ¥* % 8 W S Ï !

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