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ommtwrn
AND W
xmtlt
HUNT'S ME11CHX3[TS' MAGAZINE,
THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
RKPRffiSBNTINQ
Knten d aooordlnK to Act
VOL
of OoaKrete, In the year 1892,
A C!o.. In the office ol the Librarian of Oongress, Waehlnitton, D.
by Wh. B. Dana
SATURDAY. SEPTEMBER
55.
%ht
NO
1892.
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1892.
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(8
1
London Asent*
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Smith, 1 Drapers' Gardens, E. C, will take snbirlptiona and advertisements, and supply single copies of the paper at
'leasTf .
each,
riLiiAH B
4.
oai o.
uHJi
o
New York
ifc
nmi '^ WILLIAM B. DANA & Co.. Pabllaber*.
»** William Street, NKW YORK.
(
fLotd
FLOYD.
I
p
667,360,030
752,633,010
(StockJ
ihara.y
(l.«e8,83fl)
iCotton
bala.)
bwilul:)
66U.)
(25,«18.015'
(1,1:M,000)
(2.411.653)
(918.600)
(41.574,297)
(2,064,000)
(Grotn
(Petroleum
Boston
Sprlniffled
...
Worcester...
Portland
Lowell
New Bedford,.
440,302
New England.
Total
Rlturm by TrltgrapK
lew York
hlladelptala
altimore......
,
...,..,.
blcaxo
t Louis
ew Orleans
Total
all
Total
The
1
all
$461,7 4,322
62,895,353
46,097,014
10,437,968
79,J33.000
clues, 6 days....
day
olUes for week...
Pw
V,nt
-96
-37
+ 1-7
-12-8
4,660.163
»67^,'^84,731
$721,491,772
-64
+8
7
+3-4
-24-4
Washington..
Rochester
Syracuse
1.875.8I14
WllmlDKton...
Bingtaamton..
7fl:),664
1,»92.S5«
762,878
Total Middle Western.
Lake
City.
Tacoma
Lo» Antfeles....
Great Kails
Helena*
101,267,960
12, 786.8,0
7,881. 85i
100,845.3f;3
+0 3
82,101,905
+14-2
12.362,850
6.973,273
-f3-4
5,8H4.8a)|
6,211,347:
2,m9,9i
2,250.145'
2,113,8321
+6-»
+14-2
—11-3
+3-7
—3fl-8
+1-8
+8-5
+22-4
+4-1
6,8.)8.418
6,187.448
3,026,000
1,304,365
1,467.800
1.011,201
-3-8
+35-*
+33-2
+0-2
129,634.468
~+U-8
-3-8
14.479,90<)
860,486
510,233
141.314.6.-7
141.042,325
18,683.852
1,896,366
1,607,561
921,296
8- 6,615
677,909
258,75
689,481
19,809,8!6
1,914.808
—26
1,450,481!
827,171'
913.955!
+3 9
+11-4
-118
1,696,648
1,830,340
1.135.481
768.810
487.09'
212.030
1,278,0;2
-14
792,844
315,000
-20-5-
440.438
-14-8
-6-3
+10-4
814,867
5B8.638
6
—17 5
-21-6
-69
+1-4
+65-4
-9-0
-31-9
-l2-»
-3-6
20,3i0,315
-16 4
9,463,012
Minneapolis..
7,2"6.8«4
4,009.502
5.761,738
6.002,461
1.360,082
1,8>6,9«9
c»5.osa
885.631
482.858
498.056
447,619
-4-7
—14-6
-7-2
+32-6
+4-6
+6-9
6111,513
-\-io-\l
481,820
638,771
421.727
-1-8
—7-7
+6-1
481.714
468,4 13
520,234
+10-«J
~39,282,189
37,556,105
+1-6
37.566.4-i5
+147
22.818.488
5,327,288
7.342,014
1,277.110
1,600,000
22,064.881
+3-5
21,514,883
6,687,; 68
-203
6,340,7^4
+15-8
+4-6
5,875.0311
8.2,54,188
1,177,0(16
1,767,741
-96
2.11'0.8S4
2.869.S'2a
2.:«)3.178
l,67ii,557
•1-1-3
422,488
383,000
St.
Paul
Omaba
Denver
Uulutb
Joseph
St.
Sioux City....
-3 9
Lincoln
Topeka
lies Mulnes...
WlctaiU
Total Other Western..
Louis
week covered by the 8t.
New Orleans
BUtemeut will be given next Saturday. We cannot, o^ Louisville
Memphis
jurse, furnish them to-day, bank clearings being
Klcbmond
made up by Galveston
le various clearing houses
at noon on Saturday, and hence in liOUStOD
Nasbvllle
le above the last twenty-four hours of the
week have to be Norfolk
Dallas
ii aU cases estimated,
as we go to press Friday night. Below Fort Worth
Birujtnffbam
•e our usual detailed figures for the previous
week, that is Waco
Chattanooga
•vering the returns for the period ending with
Saturday Savannah*
,
,
'
1,2-20,701
5,415,z28
6.574.571
—348
1,400,1100
+19-1
1,424,605
+28
1
2,138.815
1,540,307
713,474
620,588
134,478
388,016
1.802.843
966.Z84
&50.68O
379,244
466,1.52
-23-2
-0-5
-19-1
—26-4
+12-7
+14-6
-1-25
6«K),0OO
407,'IOO
493,584
128,000
-4-9
1,2j1,2c5
1,018,618
Atlanta
with the comparative totals in 1891.
Total Boothem...
47,338,427
48,681,602
cUdring houses recoidan increase over
.1
Total all
1.123.185.823 1,209,7-50,26*
lie piecediDg week
of one hundred and fcrlj-eight millions
f dollars, and
466,8.6,203
467,«17.24;
of this excess one hundred and twelve mil- Oatslde New York.,
ons 18 at Ntw York. The volume of sptculative
10,413,463
transactions Montreal »
9,936.936
n ihe various New York Exchanges shows
Toronto ...,
6.X19,68e
6,8C4,87«
a gain over the IlalUaz ....
1.172,887
1,098,844
.tek ending Au(:ust 27.
Uaniilton*.
^66.576
Compared with the same wtek of lfc91 the current totnl
Total Canada..
16,806.846'
16,938.»6al
ecoidg a decrease tf 7'2 per c«nt,
due almost wholly to tl e
* Not Inclnded In totals.
0,733.rti7
4,4»8,ii01
+37 '9
+5-9
+50-2
+41-8
-26'7
+7-0
71'1.U4.5
+52-5
2,0-i;),881
1,613.611
1,404,078
753,002
846,284
656.882
417,658
+126
+7 8
+3-8
+15-8
+21-0
-t-48-S
+1S'0
—SO-T
-23-«
-1-4
-1-8
+26
1
i-88-1
—66
-1-6
+264
1,066,824
942,075
5,
44,420.718
+6-7
-7-2 _075,610.J76j
""^0-8 120,082,422
_+Stt
-2-6
"+7«
8
-10-1
11,000.000
+98
5,au«,-227
+«B
t2-0
1,0X6,4.2
623,690
-0-2
7.«.15.t7.»
+4
I
)
+*'!
8.70s,715
I
-IS-K
llie titals for all ihe
Il,;i00.l60
10,313,410
S,44«.875
4,418.586
3,68 1, 438
4,352,847
2,088,847
1,550,482
701,8u8
iTove
oon September
-3-1
+13-0
25,624,264
217,1^7,010
-60
+7-8
+27-S
-t-21-1
9,824,48'^
$i-35.352.980
«i.l'i2,iOi>.9bO
—6
-7-8
~24,622,346
186,997,234
the
-16-7
-4-4
-1-3
4-18-7
City.,
$t:02,8tt8,6e7
$989,866,891
+8«-l>
+191
-192
—8
+304
•I
Total PaelUc,
Kanaas
ll.'',S81,208
full details of clearings for
-06
65.169.933
13,388,524
12.178,303
8.922.675
1,565.095
1,132.612
853,123
834,632
199,900
102,212,7.'7
3,0. 8,31 >0
1,426,874
l,8u0,000
San Francisco..
85,927,771
+94
+43
Columbus
I.exlDffton
—5-4
-t7-8
246,100
8.7cX).0.
Grand Rapids..
+16-4
101 482.583
6.512,288
Indianapolis...
+6$
+7-9
+8-8
+11-8
232.200
Detroit
Peoria
-111
352,177
-1-7
+11-2
773,421'
-167
;-2e-«;
-008
-02
894,794
386,102
798,088
+1-1
(-60;
1,475.036
1,258.077
1,113,566
1,012,445
1,125,000
603,627
1,230,2,55
103,030,S
27.
P. Cent.
105,838,610
Cleveland
127,483.928
+120
1.587,047
1,186.833
1,069,830
ll,«67,635'
lo,888,«B5
8,097,308
1.438,288
1,6; 1,314'
7,432.820
Sail
$499,908,931
66,316,003
44.618,576
11.947,016
73,181,000
20,358,176
6,162,066
21,1:46,911
Seven clues, 6 days
ther cities, 6 days
U oiUes,
1891.
4,1.33,900
12,83.5.668
Seattle
1893.
-fl-4
13,ffl.'..528
Milwaukee
SetittrTuher 10,
74,953,943
-1-5
-1-8
+24-7
-0-4
Baltimore
Portland
Wttk Snding
-60
1827,214
PltUbum
Buffalo
655,627,8,H
SO-8
90,444,408
4,604.900
60.901.747
ChlcaKO
OLBARIHOS.
07,41«,216
1892.
(1.489.299)
-44-1)
(606.700)
(-.38-41 (12,471,430)
(-45-li
(94,000)
8«,«48.01S
ClnciuDatl
The following table, made up by telegraph, etc., indicates
bank clearings of all the clearing houses of the
foited States for the week ending to-day, September 10, have
een |989,865,891, against 11,123,185,323 last week and
1,052.509,990 the corresponding week last year.
—ll'S
(
Philadelphia.
Total Ulddla.,
lat the total
(.51.S.100;
85.000,728
4.172,200
1.800,602
1,6«0,121
1,478,920
1.058,008
1.227.426
Providence....
Hartford
New Haven...
Office Box 958.
CLEA RING HOUSE RETURNS.
P.
1891.
SolM of—
I
)ne Month
rwo Month*
1.420.
falling ofif at New York, which is in considerable measure
explained by the smaller dealiags in stocks in the week of the
present year. The most notibl"? percentages of imrease have
been at Denver, 37'9 per cent; Des Moines, 36-9; Omaha, 82-6,
and Washington, 30 '4 per cent.
®hr0txitlje.
For One Ypar
For Six Months
10,
0.
+6-tt
THE CHRONICLE.
390
idea
THE
BUJt
CITY
y^riJ)
UEf AUTMI^l^T.
See pages 430, 431, 438, 433 and 434
for
our
[Vol. LV.
worth a thought.
is
That the United
States for
domestic wants should require such a vast amount of
iron when England's home wants require so little com-
is a very significant feature, and indicates
most strikingly the character and extent of the growth
All advertisements witli relation to State and City Bonds
and progress in this newer land. We are building no
will likewise be found on the same and following pages.
considerable amount of new railroad, and hence for
the present that source of demand is almost wholly
excluded.
The truth is, it is solely through the cities,
THE FINANCIAL SITUATION.
good
villages
and
towns scattered all over this vast country,
in
being
not
as
business
of
speaks
"When one
one
centres
of
intense
activity engaged simply in developing
time,
present
the
at
States
United
the
shape in
paratively,
State and City Department.
means and intends to convey the impression that it is the resources of their surroundings, that these tons of
merely relatively bad or rather that the helps to pros- iron have passed out of sight. lu this way we are
perity which nature has recently bestowed have been accumulating wealth with a rapidity never before
80 antagonized by unwise currency legislation as to be dreamed of. And in the meantime these centres of
only in a limited measure operative. A fact which it activity become maelstroms for the absorption of our
;
emphasize now and then is that compared with the situation in Europe, in India and
China, this country is thriving famously. We give in
subsequent pages to-day our annual Cotton Report, in
is
enough
well
to
currency issues and so defer the harm which our European friends not noting this difference prophesy.
The
cholera
still
causes some friction in the working
commercial and
financial machinery.
This week
which we review the cotton goods trade of Europe and the detention of German vessels at quarantine has someAmerica. That report will well repay study, if for no what affected the foreign exchange market and de-
•other reason
than for the glimpse
it
furnishes of the
of our
Had
shipments of gold.
ferred
gold gone out there
Our Lon- would have been added difficulty and expense in its
on proving that our movement from New York to Berlin on account of the
state of that industry in the two countries.
don
critics
now
are just
intent
on the ragged derangement in the transportation service, for it would
The account we give in the annual have had to go through Liverpool and thenc-3 to Ber•edge of disaster.
It was not until yesterday that it
was anreview referred to clearly indicates a state of unusual lin.
Elbe
would
probably
sail
today;
nounced
that
the
reverse
and
just
the
spinning
here,
prosperity in cotton
Europe will learn one of these days up to yesterday it was supposed by our foreign
in Great Britain.
that
no German
steamer would leave
that no country in the world can survive such risks bankers
and endure such wastefulness as this greatly favored before Sunday and possibly not till Monday. In reland.
We do not say it as a boast, but as a fact, deeply sponse to our inquiry of some leading shippers of gold
regretting at the same time that we are so foolhardy whether any was to be sent to the Continent this week
we were told by the firm that they had refrained from
and ignorant as to be so prodigal.
There is still another editorial article on a subsequent ordering it out preferring to wait until they could
readily send it.
The same authority exjpage to-day beariag on this same thought, which we more
also especially commend to those who are nervous about pressed himsplf to the effect "that when exchange gets
the future of the United States. Ii treats of iron pro- " into a normal condition shipments maybe resumed.
•duction and consumption.
We have often written with Difficulties similar to those attendant upon the move-
commercial and
financial interests
are
"
reference
to
United States
these
matters,
On
statistics.
reviewing
this occasion
ment
we have
cotton and breadstuffs, and of course that accounts for
and incidentally give
figures for Great Britiia
movement
particularly
late
in con-
of gold,
interfered
with the free
the lack of commercial exchange, which lack helps
of
to
own production and consump- keep up the price for bankers' bills.
tion for the same period.
We are now, and have been
The rates for money continue to advance. Bath call
for three years, the largest producers of iron in the and time money are higher.
This is only a natural
nection with them our
world
«s.
is
;
a short time ago p]ngland was far in advance of
But what we more
the
comparison
particularly desire
this
•countries for the first six
trade presents
months
to
in
of 1892, as
it
Last
result of the lower surplus the banlrs are holding.
refer to
Saturday's return of the Clearing House institutions
the two
reported a total surplus of only $7,630,500, of
which
not only
five of
The
return
the larger banks held
$4,197,500.
affords another striking illustration of the condition of- which will be made public to-day must show a further
business, but is likewise very expressive of the energy decrease, for the banks have lost currency both by
and activity of our people. For it should be remem- reason of the demand from the interior and by the
bered that the United States does not export iron in operations of the Government in addition to the gold
any considerable amount, we simply consume it, and which was shipped to the Continent last Saturday. Still
jet for the six months ending with July 1 we the higher rates are evidently attracting money to this
have actually used up 5,208,487 net tons— whereas centre, as the receipts from the interior continue quite
Oreat Britain (not
but for distribution
only
for
home consumption
various forms over the whole
world) hag only disposed of 3,382,745 gross tons, or reduced to net tons, the form in which the United States
in
consumption is expressed, 3,78S,G74 tons— that is, for
home use and for export 1,419,813 net tons less than
the home use in the United States. Were we to take
Great Britain's average for the same months of the last
two or three years the disparity would not be so large,
but the average would still show that for both home
consumption and export that country was disposing of
leas iron than the United States used at
home. This
liberal.
It is reasonable to
ther advance until
we have
suppose that rates
will fur-
least a close 6 per cent
at
market.
Ou
good demand. The loans this
and at 2^ per cent, averaging
about 4 per cent. Renewals were at 4 per cent, and
banks and trust companies quote 4 as the minimum,
while some obtain 5 par cant.
time contracts there is
a fair demand and the supply of money is good, especially
from foreign bankers and from out of town; lenders hold
call,
week were
money
is
in
at 5 per cent
i
out for short dates while borrowers seek to
gagements mature
make
after the beginning of the
the en-
new
year;
!
'
SSPTBIIBER
the
THE CHRONICLE
10, 1893.
foreigu
liouses
discriminate
thom when
stocks
;
well
rates
against
trast
all
lenders are willing to take
properties while domestic
margined and
in connection
are ii per coat for
with good
sixty days,
6
per
oent for ninety days to four months, and 6 per cent for
Commercial paper business is about at a
aix months.
standstill in the city and the dealings are chiefly confined
month
of
ports
gross
£91
The
July.
Denver
&
Grande re^
768,211, but
Rio
against
*770,576
of
against
$300,423
The int333,935.
expenses and consequent slight loss in
net is explained as being due to extra outlays incurred
to put the road in condition for the heavy trafRo of
Both the Mexican Central and
succeeding months.
net
of
crease
in
The supply is fair and the as- the Mexican National present strikingly good exhibits
to out-of-town houses.
sortment of names is good rates are 4| to 5 per cent for July. The former with gross increased 115,262 has
lor sixty to ninety tlay endorsed bilU receivable, 5.^ to reduced expenses $95,529, thus leaving net of 1291,697
6 per cent for four months commission house names, against only |180,90G last year. The Mexican National
and 6 per cent firm for good single names having on an increase of 175,894 in gross, diminished expenses
from four to six months to run.
«4,769, so that the net is *165,985 against $85,323; the
The situatioi in E;iropo is not at all hopeful. The outlays for repairs, replacements and general expenses
OAble takss a discouraging view of the prospects for a were also smaller than a year ago, being $35,314 against
revival of business, claiming that the suspension of $44,992, and after deducting these the amount available
Salt, Sons A Co., the Bradford manufacturers, points for bond interest is $130,671 in July 1893 against
The Chicago Burling,
to the stress laid upon several textile manufacturing only $40,330 in July 1891.
couceras, while the failure of Rjdfern, Alexander & ton & Northern for the same month lost $12,949 in
Co., the Australian aad Now Z3al;in I marchaats and gross, but through a decrease of $13,506 in expenses
other Eastern shows a slight gain in net. The Minneapolis & St.
bankers, reflects the condition of
Discounts are again at a low point. Louis again has a good exhibit, gross standing at
houses.
The cable reports sixty to ninety-day bank bills in $178,433 against $151,831, and net at $77,033 against
London J of 1 per cent. At Paris the open market $60,711. The Oregon Improvement Company, with
rate is also ^ of 1 per cent, at Berlin it is IJ per cent, gross but slightly changed ($373,400 against $372,231),
;
The Bank
England has net
The Detroit LanNorthern reports gross of $103,049, against
but the
as we are advised by special cable to us, was due to the $107,715, and net of $35,051, against $30,006
•xportof £30,000 to Brazil, to the shipment of £338,000 Chicago & West Michigan with gross increased $3,337,
to the interior of Great Britain, and the import of reports not of only $34,426, against $51,070 ;and the
£85,000, of which £80,000 was from Australia and Kansas City Fort Scott & Memphis and the Kansas
£5,000 from Portugal. The Bink of Prance gained City Memphis & Birmingham have lost in both gross
;6179,000 gold, and since the last report the Bmk of and net, the net of the former being $64,485, against
Germany has lost about £509,000 of this metal.
$83,340, and the Memphis & Birmingham having fallen
"TThe foreign exchange market has this week remained $13,339 short of
meeting expenses in July 1892,
tinaltered at 4 87^ for 60 days and 4 89 for sight. against a deficit in the same month of 1891 of only
and
at Frankfort 3 per cent.
of
reports a loss of £183,000 bullion during the week. This,
sing
of $93,457 against $77,059.
&
;
Business has been light because, as already stated, of
$1,099.
On the Stock Exchange this week business has been
detained at quarantine and suffered to pass only after on a dwindling scale. The market has recovered in great
thorough examination. The steamers which arrived this measure from the cholera scare of last week, and some
the uncertainty as to the movements of ocean steamers
week and which were free from disease went to their
docks after comparatively brief detention, but there is
a large fleet in the Lower Bay held by order of the quarantine authorities. Export business is checked and consequently few commercial bills are offering.
Within
the past few days there has been some buying of securities for European account by the arbitrage houses, and
which then experienced the heaviest dehad an upward reaction. Still, business has
been very restricted and the fluctuations from day to
day rather irregular. The general impression seems to
be that the buying has been largely in liquidation of
of the stocks
cline have
The "indushave also fluctuated considerably from day
this has resulted in the offering of a fair amount of to day, though in general at a somewhat higher range
bills, but if the demand was at all good this supply of prices than at the close of last week.
Reading stock
would be quickly absorbed. For the past day or two has been pretty firmly held, notwithstanding reports of
there has been no tone to the market and the close was prospective labor troubles and notwithstanding also the
dull and steady.
It was stated on Thursday that some action of the management in canceling pro-rating arof the gold which came from California recently has rangements with the Pennsylvania on anthracite coal bebeen
in
circulation
so long
that it
is
not cause of the latter's refusal to agree to an advance in
the "short" interest created last week.
trial" stocks
of full
weight,
and
as
shippers will not be tolls. New York & New England has been moved up on
permitted to make a selection, they will have to accept the usual vague rumors of a lease or purchase by some
the coin as supplied from the Sub Treasury. This may other system, and Western Union Telegraph has also
tend to limit shipments until exchange advances to a been strong and higher.
Milwaukee & St. Paul stock
point which will cover the depreciation in the melting closes but little changed from a week ago, notwithvalue of the metal.
Rates for actual business at the standing the very favorable annua! report submitted
close were 4 86^ to 4 86J for sixty days, 4 88 to 4 88^ and the declaration
of a two per cent dividend on the
for^ight, 4 88i to 4 88^ for cable
transfers, 4 86 to
4 86^ for prime and 4 85^ to 4 85i for documentary
commercial bills.
On another page we present our review of railroad
gross earnings for August, and the results are satisfactory in showing quite a fair ratio of improvement over
a year
ago.
-additional
With reference
returns have
to the net earnings a
this
week come in
few
for the
common ttock.
The following
to
and from the
W—k Mndint
gives the week's
interior by the
Septembfr
9.
18M.
RaMiwd bv Shlpptd by
MM
Total (Old and lesal tenden....
of
money
banks.
ITtt rn'<rt«r
I
tr.T.
OuTsnoy..
movements
Now York
Amte'lV. r. »inki.
•2,883.000
600.000
ta.Sul.OOO ')aiD.
«S 1,000
1,700,000 Loss. l.lOO.tOO
(»,483,000i (i.tol.ulO Lo««l,0I9.«00
THE CHRONICLE.
392
exports.
Result with Sub-Treasury operations and gold
Wuk ErMnt
September
9,
189«.
ITetOlumatM
r%to
Oat of
Banla.
Baiiki.
Bank
Boldinot.
[Vol. LV.
Expendiit received.
have
however,
betterments,
and
improvements
but simply that
it
sold less than
tures for
evidently so largely been chars;ed to operating expenses
that the'outlays on capital account, as reflected by the
item showing Cost of Road and Equipment, hare been
Isia.TXB IXH) ai21.701.OO0 Lo<a.t4,9l9,O00
Total ROld and legal tepdere
comparatively small. This item increased less than two
The following table indicates the amount of bullion million dollars during the year, being reported 1189,and at the 624,728 June 30 1891 and $191,544,853 June 30 1892;
ii the principal European banks this week,
year.
orresponding date last
under the provisions of the general mortgage the company received 11,694,000 bonds for outlays made, but
10. 1891.
t3.4S2.000
Banks' Interior moTement, as above
Sab-TrejB. oper. and gold expo ts..
September
13,31)0,000
$4,501,000 L033.S1, 019,000
IT.-^OO.OOOjLoss. 3,900,000
September
6. 1892.
.Bonk 0/
England
France
-
Gtfmany'*..
..
ut.-Hun*7.
eoid.
aUver.
i
s
S
26.553.768
87,190,378 51.836.315 119.023.593
»a,833,r50 12.111.230 48,143.000
M03,000 16.869.0CO 25.267,000
S.IM.OOO
7.404.000
10.56S.000
Hit. B-lglum*
8,994.000
1,497,000
4,491,000
week
Total.
£
£
£
27.581.537
Mjtlierlanda..
Tot.ttila
Sillier.
gold.
Total.
2.<,563.766
53.971.000 50.327.000 104.298 000
33,053,000 11,681.000 48,736.000
5,487.000 11,514.000 21.981.000
9.49), "00
8.531,000 5,937,000
3,0i0.003
1,510,000
4,530,0)0
145.871,595 89,-07,585 235,379.1t)0 127.6J7.78J 85,972,000 218.593.766
fot.preT.w'k 145.230.755 S9,»17.782 233.178.5)71128.151.039 86,323,4171211.476.450
• The division (between Kolrt and silver) xlven In our table of coin and
k illlon in the Bank of Germany and the Bank of Belgium is made from
tae best estlmatu we are able to obtain; in neither case Is It claimed to
be accurate, as those banks make no distlnotlou In their weekly retuniB,
merely reporung the total gold and silver, but we beUeve the division
we make Is a close approximation.
the means to defray the increase here
shown may
also he-
assumed to have come from realizations on the item of
assets called "miscellaneous accounts " which a year
ago amounted to 12,021,462, but this year no longer
appears on that side of the balance sheet.
As to the ordinary current liabilities, most of the
company's bonds bear interest payable January and
July, and hence the
amount
of
accrued interest
June
payable the next day) is large, bePay-rolls, vouchers, etc.,
ing reported $3,486,339.
at the same date amounted to $3,722,549, and in addi-
30 (the mist of
it
$217,269 of other accounts, making
altogether a total of $6,426,157 of current liabilities.
REPORT. On the other side of the balance sheet it is seen that
& ST.
THE
The weekly and monthly returns of the St. Paul the company held $4,043,531 of actual cash, had $232,road had long since made it evident that a great im- 972 due it from its agents and $256,160 from the United
provement in the affairs of the property had occurred States Government, the total of the three items of offwithin the last year or two. The declaration this week sets being $4,532,663. Thus the net excess of current
tion there were
PAUL
MILWAUKEE
of a 2 per cent semi-annual dividend
stock of the
on the common
company furnishes further proof
of
the
liabilities
over current assets
this the $5,996,000 of
is
only $1,893,494, and
unsold mortgage bonds which
we
have seen the company holds would suffice to liquidate
In these respects the annual report and the annual three times over.
meeting merely confirm what had been expected and
During the year the company apparently disposed of
foreshadowed.
It is when we study the company's $1,390,000 of general mortgage bonds, but in the main
finances, however, and examine the balance sheet, that the great improvement in its financial condition has
we meet with a genuine surprise; it is there we find the been brought about through the application of surplusmost strikiug and the most gratifying evidence of the earnings. This surplus for the late year was very large.
fact
and rereils the
fruits
of
the improved situation.
The balance above charges is reported at $4,431,707.
time of the presentation of the an Deducting from this the $776,962 for the dividend on
nual report speculation had been rife and discussion the preferred stock paid October 1891 and the $795,active as to the nature of the exhibit the company 651 for the dividend on the same stock paid April
would be able to make regarding the state of its float- 1892, there is left a surplus on the operations of the
ing debt. The facts are now before us, and what do twelve months, available for the purpose mentioned, of
altered state of affairs.
Even up
to the
—
we
find ? Simply this, that there is no floating debt not far from three million dollars
As
$2,859,094.
whatever in the strict sense of the term. A year ago against the $4,431,707 balance above charges in the
that is on June 30 1891
in addition to the ordinary late year the balance in the previous year had beca
items of current liabilities, which in a company of the only about half that amount, or but $2,234,680.
The
magnitude of the St. Paul are necessarily large, the com- increase in gross earnings for the year reached the very
—
—
pany reported 3^ million dollars (13,477,328) of
and bills payable outstanding. The present year
is no corresponding item, indicating that the
have been paid off and the debt extinguished.
sum
$4,779,383— over 17 per cent.
loans
large
there
crease in net earnings
and
of
is
The
in-
$2,330,779, or over 25 per
notwithstanding that heavy outlays for
made and the cost included
as said, has proved a genuine surprise, for though it in the expense accounts
$785,404 for instince having
was known that the company had been doing remarkably been charged to expenses for rolling stock purchased
well, yet no one had dared to hope for a result quite
so or built to re-place old equipment.
favorable as we now see it disclosed.
The company received slightly better average rates
The loans and bills payable having been wiped out, in 1891-92 on both passengers and freight than in
we turn to the other side of the balance sheet, natur- 1890-91, the average per ton par mile being 1-036
ally expecting to see the reserve of mortgage
bonds cents against 1"003 cents, and the average per passenheld unsold in the Treasury, which June 30 1891 had ger per mile 2-453
cents against 3-391 cents
Ttiis of
been reported at *5,692,000, very greatly reduced, if not course
has been an advantage, but the controlling facentirely gone.
Instead of that, we discover that this tor iu the great improvement shown has been the excf Ireserve was further augmented during the
twelve lent harvests raised last season and the prosperity and
months, and on June 30 189i amounted to
$o,99G,- activity occasioned thereby thrjughout the
whole
In other words not only have all outstanding
000.
Northwest.
Put in the words of President Roswell
notes and loans been paid off, but the company
holds I Miller the increase in earnings '"is due to good crops,
larger amount of unsold bonds available
than twelve ' to the increase in general traffic in consequence of
months previously. Tnis of course does not mexn
that "good crops, to the development of the territory and
the co-nj.nny did not sell any bonds during
the year, " industries along the lines of the company and to>
loans
cent,
This,
renewals and repairs were
this
—
SErTKHBER
THE CHRONICLE.
10, 1803.]
maintenance of rates in the larger part of the terri"tory." The surplus of $2,859,094 which we have
aeen was loft on the operations of the year, after allowing for all charges and the dividends on the preferred
shares, is equal to over G per cent on the $46,027,261 of
**
coiniiion stock outstanding.
It
is
to be observed that
any income from the shares of the Milwaukee & Northern, from which source nearly a quarter
of a million dollars was derived in the year precedThat road in the twelve months ending June 30
ing.
1892 earned a surplus above charges of $273,225, but
President Miller states that " no dividend has been
•" declared on its stock pending the decision of the
" question of combining the two properties, which may
' make it desirable to use the net earnings of the year in
this is without
"payment of the improvement account for the past
"two years,"
The above analysis demonstrates that the action of
the management this week in resuming dividends on
the
is
common
stock at the rate of 4 per cent per
annum
conservative and warranted by the company's income
last previous dividend on the compaid
in April 1888, and in the four
mon stock was
ars since then the property has been in every way
unproved and placed on a stronger and better footing.
The physical condition has been looked after, from the
and
finances.
The
repairs, renewals, betterments
393fl
course the dividends on the preferred shares would call
commands
much more.
The
preferred
stock
126^, and hence, as far as price
alone
for just that
now
may
bo an element in the calculation, the exchange could
thus in most cases be made at a profit, or at least with-
out
loss.
Where, however, the bonds have a good many
years to run yet (as, for instance the consolidated 78 of
1905) and are well secured,
that the owners would
it is
care
to
not to be suppoaed
make the exchange.
Where the bonds have but a short time to run the case
Thus the La Crosse division 7s mature
different.
is
January 1893; $2,088,000 of these were converted in
the late year, but there are still $2,535,000 outstanding, all of which it would seem will be exchanged
within a short time, since it is inconceivable that a
holder knowing of the privilege to which he is entitled
should wait to receive par for his bond when he can
In the case of the
get preferred stock worth 136.
$3,136,000 Iowa & Minnesota 7s of 1897 and the
$1,235,000 Prairie du Chien 2d 7-33 of 1898 the need
for immediate action is not so urgent, and yet an exchange must be made before maturity to prevent the
loss of the 23 per cent premium which the bonds
command.
GREAT BRITAIN'S IRON PRODUCTION.
and improvements
In Great Britain, as in the United States, the iron inbeing made on a large scale with a view to enabling the dustry is one of the most important among the general
road to render efficient service on an economical basis. range of industries. Vast quantities of iron are each
Then traffic has been enlarged and developed, and when, year produced in the British Isles and through manufirst;
during the last twelve months, the fruits of this policy,
aided by good crops, became manifest in heavily-increased earnings, resumption of dividends was deferred
till the last of the notes and bills payable outstanding
at home
The consumption and produc-
facture converted into higher forms for use
or exportation abroad.
tion of iron
moreover furnish a measure of the indus-
trial activity
prevailing.
Special attention
is
further-
had been met and paid. The result is creditable to more directed to statistics bearing on these points by
those who have been in charge of the property, and the fact that a couple of years ago the United Kingmust be gratifying to all those having ownership in it. dom, which had always previously held rank as the
We have stated that the company during the late largest iron-producing country on the globe, yielded
year had issued f 1,694,000 of new bonds for additional first place to the United States, so that there is naturequipment, real estate, etc.; $215,000 of bonds were ally considerable curiosity to see every now and then if
also issued for Milwaukee & Western bonds canceled. this country retains its lead, and to. note the changes in
Nevertheless the total of the funded debt June 30 1892 the relative positions of the two principal producers.
was only $129,195,000, against $129,797,000 June 30 An opportunity for such a contrast and comparison is
The explanation afforded by the issue of the statement of production
1891, being a reduction of $602,000.
is found in the fact that $2,166,000 of the company's
and stocks in Great Britain for the first half of the
bonds were converted into preferred stock during the
This directs attention to a feature in the comyear.
pany's affairs which may perhaps become still more
prominent hereafter, as quite a number of issues of the
St. Paul have the right of conversion into preferred
stock.
We have prepared from the annual report the
following table to show these issues and the amounts of
bonds outstanding under each. We also give the current market prices of each issue, as price is an element
in determining the advisability of making an exchange.
current calendar year.
The
British statistics are not compiled as promptly
own, and yet there has been considerable improvement in this respect within the last few years,
and they come out earlier than formerly. The first
as our
fact to
is
engage notice in the figures for the six months
that the tendency of production in Great Britain has
been just the reverse of that in the United States.
In
other words, while the production of pig in the United
compared with the first half of last year shows
an increase of 1,602,663 net tons, the production of
the United Kingdom considered in the same way shows
a decrease of over a million net tons.
This reveals a
striking difference in the results for the two countries
in the two years.
It is proper to say that certain special circumstances have operated to magnify the difference, thus making the comparison in a measure unfair.
In the first place, the strike of the coal miners at DurTotal
$29,712,500
Thus there are eleven different issues of an aggre- ham, which lasted several weeks, undoubtedly had the
gate amount of $28,712,500 which can be exchanged effect of reducing the output in the United Kingdom
into preferred stock.
The bonds, too, all bear 7 per the present year. On the other hand, last year the
cent interest or higher, and should the whole aggre- United States suffered a great diminution of its output
gate be exchanged, the saving in fixed charges would by reason of the strike of the coke workers in the Conbe over two million dollars per annum, while of nellsville region, and a considerable part of the increase
Amount
^Present price -^
June 30. 1S92.
Asked.
Sid.
MO. * St. P. 7» of 1893 (La Crosse Dlv.) $2,535,000
12m 123
lowaAMtuDcsota Uirl.slon 7s nt 1897. 3.126.O0O
122'*
Prairie dii Cliien 2d --Sa of 189S
126
1,235,000
123
125i«
2,393.<iO0
CbioatcoiSc Milwaukee 78 of 1903
BirerOivisi(m7sor 1902
127
129
3,305,000
Do
Bterlinc of 1902
499.500
Iowa & Dakota 7 9 of 1899
640,000
124
....
Ha«tinK!i& Dakota 7» of 1902
89,000
Consolidated 7s of 1904
186.000
CODSOlidatvd 7b of 1905
11.299,000
12758
ii28<«
Iowa & Dakota Extension 7s of 1908.. 3,505,000
129
....
States as
THE
89 i
(^HfiONlCLE
[Vol. LV.
of the same are taken into account,
According] v we prethe present year hence represents simply a recovery
sent
the
following.
that
Bat it must not be supposed
-what was lost then.
PIG IKON PKODCCTION, CONSUMPTION AND BTOCK9 IN ORB.iT BBITAIN.
the United Kingdom at that time exhibited an increase
last
1S92.
1831.
Six
mont\s end. June 30.
1330.
1883.
country
Oq the contrary that
in its make of pig.
1,447,3.50
stocks January 1
1,531,317
2,083,503
2,660,654
than
smaller
year showed a decrease which, if much
Production
the decrease in the United States, yet amounted to over
half a million net tins, and to this decrease the decrease
of a million tons ilie present year is additional.
If we compare the results for 1893 with those for
1890, thus eliminatitig the Connellsville strike period,
we find that in that way the differences are but little
In the two years the
less striking than in the other.
Total supply
Disposed of
3,125,828
4.167,873
4,088,679
4,678,828
4,573,178
784,604
.5.689,190
8,751,182
7,234,182
8,788,874
4,238,160
l,45l,0t0
2,498,572
6,031,584
4,735,619
Note— Totals
of stocks abore do not include stocks held by iron makers in
Scotland. These were reported Dee. 31 1891 at 78,720 grois or 83.133 net tons;
25,793 gross or 28,883 net tons Deo. 31 18J0 92,0 15 (jross or 103,11 J not tons Deo
31 1889, and 213,213 gross or 238,798 net tOM De3. 31 1883.
•
have not the records for this date, and therefore tiic figures may vary
somewhat from the actual total
;
We
Here we get a more favorable comparison, but even
production of tho British Isles has fallen off li millthis basis the amount disposed of for 1893 is only
on
ion net tons, while that of the United States has
3,788,674 tons against 5,031,564 tons in 1890. Now
The falling off
risen over a quarter of a million tons.
contrast with this the result for the United States, showwould
be smaller
assume
may
we
in Great Britain
ing 5,208,487 tons disposed of in 1893, against 4,965,except lor the coal miners' strike at Durham, but there
356 tons in 1890 and 3,873,870 tons in 1889.
have been some very noteworthy changes during the
CONSUMPTION OF DOMESTIC PIG IRON IN UNITED
few years in the relative positions of the two counThese
tries eatirely apart from that circumstance.
chang( s are worth bringing out, and are shown in the
f-r\TES.
last
following table.
The
British
are usually
statistics
stated in gross tons of 3,340 lbs., but
we have
Net
1892.
Production
purpose reduced them to tons of 2,000 lbs. to compare
with those for the United States on the same basis.
Consumption
•
1890.
18H1.
1880,
1887.
1888.
6,107,776 4,100,995 3,383,503 3,415,210
6,374,913 3,772,280
186,468 *200,98j
Increase in stock
for this
Torts of 2,000 Lhs.
142,419
5,208,487 3.973,286
237,125
63,121
12,013
4,966,356 3,873,87o|3,819.370 3,403,197
Decrease.
In a word, then,
if
we allow
for the changes in stocks,
the deliveries of pig iron, both for home use and exPRODUCTION or PIO IKON IN TONS OF 2,000 LBS.
In United State $
In Great Briluin.
Sia months io June 30,
port, in Great Britain during]^the first six months of
3,382.5034,371,140
1888
4,100,995 1893 reach only 3,788,674 tons, whereas the consump4,573,628
1889
5.107,775
4,668,679
1890
tion in the United States during the same period was
8,772,280
4,157,873
1891
5,208,487 tons. The reason for the growing disparity
5,374,943
3,125,828
1892
The above reveals at a glance the great changes between the two countries is easily stated. Great Brit•
In the United States there has
been but one interruption to the upward movement,
namely that occasioned by the coke strike last year.
In Great Britain, on the other hand, the increase between 1888 and 1890 was comparatively small, while
the decrease since then has been noteworthy and
marked. In the four years from 1888 to 1892 the output of the United States has risen from 3,383,503 tons
to 5,374,943 tons. J In the same four years the output of
the British Isles has dropped from 4,371,140 to 3,125,828
tons.
The result is that while in 1888 the product of
Great Britain exceeded that of the United States by
about a million tons, in 1893 the product of the United
States exceeded that of the United Kingdom in the
•which have occurred.
amount
of about 2^ million tons.
The
latter is
ain
is
an older and more fully developed country than
homo consumption of iron
the United States, and her
and
steel
is
therefore comparatively small.
other hand her exports are very large
;
On
the
we do not mean
her exports merely of the raw metal, but also her exports in manufactured form in the shape of the various
products of iron and
steel.
Great Britain has markets
This makes
for her wares in all parts of the world.
her peculiarly sensitive to changes in the industrial
conditions of the various countries with which she
happens that there has been more or less
all over the world during
the last year or two, and some of Great Britain's best customers have been hit hardest, with the result that they
a mar- have taken greatly diminished quantities of her goods.
trades.
It so
depression in business nearly
of six As illustrating the falling oS in exports, we may say that
months have produced 2J million net tons (or about 73 the shipments from the United Kingdom of all kinds
per cent) more than the United Kingdom, attests the of iron and steel were only 1,431,133 net tons in the six
wonderful progress the iron industry has made in this months of 1893, against 1,801,673 tons in 1891 and
country in recent years, and furnishes a reason for, as 3,262,033 tons in 1890. The situation of the United
well as an evidence of, the industrial activity prevailing.
States is totally different from that of Great Britain.
This conclusion is not greatly modified either by the We export comparatively little, and our increasing
Telous result.
That we should
fact that the 1893 output
ished by the
Durham
in a period
in Great Britain was dimin-
coal miners' strike.
It deserves to be pointed out that there
siderable decrease in the
in the United
amount
was a con-
of the unsold stocks
Kingdom during
the six months under
some .connection between
that fact and the strike at Durham. These stocks have
diminished from 1,447,350 tons on December 31 1891
to 784,504 tons June 30 1893, being a reduction of
review, and doubtless there
663,846 tons.
is
Carrying our comparison a
little
further
"we find that the decrease in stocks has not been confined to this period, but has been in progress for a long
time, the total four years ago (June 30 1888) having
been reported close to three million tons—2,994,723
tons.
This great reduction in stocks makes it important to sec what the results are when the changes in
production goes chiefly to supply the growing home
demand. This home demand keeps gaining by reason
of the steady development of the country and the expansion of population ; and the low price prevailing
has also been a stimulus to increased consumption,
it allows of the use of iron and steel for purposes
which a higher price would forbid.
In closing, it may be useful to make one other comparison.
We have the half-year's production of Germany and Belgium, and it will be desirable to see
whether these countries have increased their output
like the United States, or diminished it like Great
since
Britain.
answer.
The following statement furnishes the
As the figures for the Continental countries
arc stated in metric
ton of 2,240
lbs.
tons of 2,304 lbs., and the gross
comes nearer to
this
than the net tou
Settkmber
of 2,000
THE CHRONICLE.
10, 1893.]
lbs.,
wo give tho production
of
the
UuiUd
Biitaia in this case in gross tons,
instead of in net tons as in the case of all the figures
States arid Groat
\i6ed above.
rsoDOCTioM OF ria
mos.fii.l.JtuifSO.
Great
moB
1901.
1803.
in
hadino
18D0.
countries.
1889.
1888.
18,7.
Brltftln, lotin
of i.UO
Iba.
8,780,818
8,T1!,387
rulled SUitea, torn
*,70»,0M 8,868,107 4,600,618 S.Ml.OOS 3,OtO,0O2
n."l»,33S
(*crmftn7 Inol. I.uxemboftf, luotiiu
8.3D8.127 Z.1S.1.4M 3.3S0,593 «,a»S.37a 8406.711
tons
831,881
S71.3SS
803,317
833.817
Krwoe, metric toiu
SOS.OSO
£94.141
Belgium,
do
1,818,481
or3,U0lba
781,643
This indicates that the position of Great Britain as
regards tho diminution iu her production of pig metal
There were also
last year notwitlistandiug the strike.
roads^some
and some the reverse. Thus tho Knights
Templar Convention at Denver swelled greatly the
some
special circumstances affecting special
favorable
over
many
of tho Colorado roads.
passenger
traffic
the other
hand the roads which last year had been
by tho Grand Army encampment at Detroit
benefitted
4.14S.4M i,08S,S»7 8,002,804
395
')a.
missed that favoring influence the present year. On
Mexican roads the large gains by the Mexican Central
and the Mexican National will no doubt be ascribed to
the
new pooling arrangement, by which rates were
As a matter of fact that influence
greatly advanced.
the present month, and the inAugust are due to heavy importaGermany produced tions of corn into Mexico occasioned by the shortage of
has been decidedly exceptional.
2,3Q(},127 tons in the six months of 1892, against only supplies there, though there has also been, we are in3,133,466 tons in the six mouths of 1891, and Belgium formed, growth of local traffic as well.
On the Flint &
produced 365,030 tons, against 294,161 tons. The 1893 Pere Marquette a loss resulted from the falling off in
But that the salt shipments, these having yielded a revenue of
figures for France wo have not yet seen.
country had steadily increased its production up to $16,380 in August 1891 and of only $439 in August
when
the output was 971,323 tons against only
764,643 tons in 1887. In Germany there has been an
increase from 1,848,481 tons in 1887 to 2,396,137 tons
1891,
The output of Great Britain, on the other
hand, has dropped from 3,903,804 gross tons iu 1888
We see it reported
to 2,790,918 gross tons in 1893.
that home trade in the United Kingdom (speaking of
will
not bo
felt till
creased earnings for
1893.
Taking the roads
as a whole,
hibited improved results for a great
as
may be
August has ex-
many
years past,
seen from the following summary.
in 1892.
however, that so long as the foreign trade, upon which
Great Britain is so greatly dependent, is poor and depressed, the situation must remain unsatisfactory.
business in general)
is
very good.
It is obvious,
UUtOQt.
AUQUSl.
1886( 73 roads)
1887 004 roads)
18S8 (111 roads)
1888 (140 roads)
1890 (1S4 roads)
1891 (lis roads)
18ii2 (132 roads)
HAILROAD GROSS EARNINGS FOR A UGUST
Railroad gross earnings for August
make a much
Jan. I to ^11^.31.
188d( as roads)
1887
1888
18S9
ISOO
(101 roads)
(108 roads)
(138 roads)
(14i roads)
Bamino:
Ttar
Year
Ttar
Tear
Qivm.
Preceding.
Gitxn.
Preceding
una.
MUa.
63,287
60,068
64,214
79,614
88,560
61,183
66,593
61,140
77,144
86.081
83,561
89,407
1
84.939,906
91,038
80,970
62.351
59.792
63,738
79,371
86,310
9U,(M2
87,010,233
89,508,132
Inerecut.
«
*
«l,19l),661jXnc. S,71»,»45
84,154,5)0 /no. 8.85»,7«»
88,866,81)8 inc.
641.840
40.e<t4,180
33,429,969 rnc. ».879,J«8
89,052,835 Inc. l,681,82.i
43,025.879
40.182,937 Inc. *.8n.»lt
45,702,853
42,600,704 Inc
88,709,897
.
3,096,149
60,1*7
56.320
60,688
173,373,811 158,377,806 rnc. 13,995,34*
19«,»51,S25 170,700,083 Iw! .85,551,117
805,383,963 188,681,135 Inc. 6,768,828
76,001
82,873
347,909,868 230,036,654 lnC.17.S7»,l04
886.946,033 869,857,109 rnc.27,688,98*
88,155
3(10,363,578 892.749,687 rn<;.18,61S,03«
better comparison than did those for July and also 1891iU0 roads)
18U2I130 roads)
83,6S1
83.019
321.860,970 300,694.729 rnc.20.566.Mt
much better than the returns for the early weeks of the
With reference to the grain receipts, we have already
month had led one to expect they would. In the
aggregate there is an increase over August last year of stated that the low prices ruling at first kept the move3,096,149, or 7"37 per cent, whereas for July the ment in check, but that subsequently tho deliveries by
Last year the price
increase had been only >1, 040,346, or 2"34 per cent. farmers were on a very large scale.
But there was this important difference between the two of wheat at Chicago at the beginning of the month was
months, that while July had one working day less than 87 and at the end of the month $1 03. This year the
a year ago, August had one working day more than the price was respectively 78 and 74J, reflecting a decline
same month last year. The extra day with most roads in the latter case of nearly 30 cents per bushel. In
counted in the fourth week of the month, and that is view of this decline, it is certainly a remarkable fact
one main reason why tho retnrns for that week made that the deliveries of wheat at the Western primary
so much better exhibits than did the returns for other markets in August the present year were actually ia
weeks. Another reason is found in the fact that the excess of the phenomenal deliveries last year under the
movement of grain out of farmers' hands in certain high prices and urgent demand then existing. Thus
sections of the West, which at first was retarded by the for the four weeks ending August S7 the present year
low prices prevailing, afterwards progressed at an accel- the receipts at these Western points aggregated 38,466,-
erated pace.
There were a number of drawbacks which operated
to reduce the totals of earnings.
The South has evidently not yet recovered from the effeets of the industrial depression through which that section is passing
under the low prices prevailing for cotton and iron
and the collapse of speculative enterprises in land. As
far as the cotton movi-ment is an influence iu that
month it was smaller than a year ago. In Pennsylvania the troubles at Eomebtead, which began in July,
did not entirely cease to be a feature in August.
At
the same time the switchmen's strike at Buffalo was a
disturbing influence for a week or more with the roads
running to that point, though wmong the larger roads
affected by that circumstance the New York Central
13 the only one which contributes returns to our statements. That road maintained its heavy earnings of
633 bushels, against 24,009,418 bushels in the corresponding four weeks last year and but 8,735,383 bushels
in the four weeks of 1890.
The increase over last year
is found chiefly at Minneapolis, Milwaukee,
Chicago
and St. Louis, but nearly every point has participated
in the same.
In the other cereals the aggregates all
show losses, though there has been some irregularity as
regards the receipts at particular points. Of cora
the deliveries for the four weeks were only 7,197,743
bushels against 9,769,333 bushels, and of oats 10,064,585 bushels against 10,535,363 bushelj. Of rye the
receipts were only 499,887 bushels against 3,404,030
bushels, the latter having been an entirely exceptional figure and attained under the stimulus of the
high prices realized last year because of tho shortage of
the rye crop in Europe.
The following is our usual
detailed statement
THE CHRONICLE.
396
MCBtPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED AUGC8T 27
AND SINCE JANUARY 1.
ilour,
Wheat,
Com,
Oaf,
Barley,
Bvt.
(libls.)
(tmalk)
OnuK.)
Onuh.)
ibmh.)
(Inuh.1
C*t«I«0—
i wki. Ang.,
lwk». Aug.,
Stnc* Jan. 1.
B£<» Jan. 1,
1892
18P1
1892
1891
462.915
311.iii2
8.835.163
2,463.421
5,798.831 7,263,714
8,007.8 r4 6,617,611
44,864,989 48.063,3!>1
46,483.320 86.716,769
7,839,166
7,276,5B8
19.021.459
18,374,189
Milwaukee—
150.920
95.087
1898
1891
1892
1891
1,488,454
I wks. Aug., 1892
< wks. Aug., 1891
SInoe Jan. 1. 1892
Since Jan. 1, 1891
111.987
102.693
919.189
819,190
I vks. A«g..
« wks. Aug.,
Since Jan. 1.
Since Jan. 1,
l,W5..'.35
1,«19,521
4,241,439
3,66.5.995
61.520
163,890
678,189
751,893
700
83,148
32.504
297,383
154,920
67,380
57.670
928.480
588,920
445,000
352.000
3,668,000
2,c89,081
113.004
190.640
3,642.779
2,162,800
8,962,125
852,030
618,250
880,270
1,262,380
6.177,311
6,709,015
3,958
1,139,300
580,421
4,7<i6,3e2
22,806,.'>82
15.118,560
12,056,092
12,518,613
ToUdo—
4 wks. Ang., II
4 wks. Aug.. 1891
Since Jan. 1. 1892
Since Jan. 1, 1891
Detroit—
4 wks. Aug.. 1892
4 wks. Aug., 1891
Since Jan. 1, 1892
Sino* Jan. 1, 1891
Clevelani—
4 wks. Aug.. 1892
4 wks. Aug., 1891
Since Jan. 1, 1892
8tns« Jan. 1, 1891
2.289,-,i72
1.628,284
525,980
8,116.288
4,016,802
Bt.Lnuit—
shows $176,029 increase, both had losses last year.
Besides the $176,029 increase on the Northern Pacificthe Wisconsin Central has 150,997 increase, making
$227,026 together. This is quite a different exhibi^
from that made by the same system in the early
months of the year, and is a gratifying change. Taking all gains above $30,000 in amount, the list is quite
an extensive one, and the grain-carrying roads in various parts of the country find strong representation in
PRINCIPAL CHANQB8 IN
1,266,712|
8,737
1.463
632,770
238,432
Chic. M. & St. fBul....'.
Mo. Pac. and Iron Mt..
At. aud San F. (4 rds.).
Chic, R. T. & Pao
Gt. Northern (3 rds.) ...
Denv. & Rio Grande
Northern Pacific
Mo. Kan. & Tex
222,418!
302,3461
1,641,959
2,160,446
8,000
13.326
241.836
282,074
17,483
82,822
Can. Pacific
Norfolk & Western
Cleve. C. C. & St. Louis.
Mexican National
Louisv. & Nashv
1,002,000
1,754,000
8,410.500
7,890,000
7,400
18,600
727.500
416,600
10,760
46.750
139,752
145,2*0
4.912
4.800
49.811
27,934
6,471.674
6,208,072
11,402,374
11,948,732
143,849
248,981
4,817,149
1,940,519
60,079
80,868
183,579
241,923
17.264
10,182
106.366
64,285
53.781
619.237
706,147
201,101
256,357
1,150,832
88,7U
1,612,861
1,710,072
4,121,051
4,368,309
27,03«
14.471
217.006
383,016
249,634
289,336
1,268.885
1,780,719
98.979
366.613
953.720
18,600
14.675
123.625
104.826
868.150
289,600
858,950
1,128,800
623.780
215,288
2,371,910
712,018
1,087,929
986,868
18,132.462
7,311,929
35.
271,685
130.901
224.870
8.98;(.154
[Vol. LV,
18,770
19,200
27,870
92,798
880.796
188,598
1,087,648
. .
88
818
246,300
68 ,800
7,606.950
6,577,000
4 wks. Aug.. 1882
4 wks. Aug., 1891
Since Jan. 1, 1892
Since Jan. 1, 1891
St.
327,818
& Ohio
& Kan. C...
A W
S.S19.410
4 wks. Aug..l8Ul
Since Jan. 1, 1892
Since Jan. 1, 1891
1.965,6110
Total of aV4 wks. Aug.. 1892
4 wks. Aug.. 1891
28.466,623
24.009.418
499,887
3,104,030
3.040.908
6.817.878
263.745
469.427
7,197.713 10.064,68.")
9,7a9.23« 10,525.2113
1
Since Jan. 1,1892 9.267.077 116.286.988' 81,783.900 »9.195,502 13,172,539
Stnoe Jan. 1.18911 «.ll«7.50- 83.824.8771 70.944.o85' 8,000.766 7.929.038
At Chicago,
month we find
if
we
St. .Tos.
St,
&
&C
Gd. Island..
Paul& Duluth
Chic.
&
•Kan.
E. Illinois
C. Ft. 8.
Lake Erie
AM....
& West
$42,030
40,306
38,496
38,411
37.421
37,320
31,969
31,783
|
For three weeks.
large losses are not very numerous, comprising
simply the Grand Trunk of Canada (188,514), the Mexican Railway (3 weeks of the month) $47,474, the Texas
& Pacific $38,334, and the East Tennessee (for 3 weeka of
38,268,187
23,122,505
1.416.000
7ge.33a
Louis Southwest.."..
The
Minneapollg—
4 wks. .^ug., 1893
Louis. N. Alb.
94,015
93 .459
Total (representing
86.130
32 roads)
$3,073,873
85,154
Decreases.
84,746 Gr. Tr. of Can. (3 rds.)
88,514
76,110 'Mexican Railway
47,474
75,546 Texas & PaeiHc
38,334
62,084 •East Tenn. Va. & Ga.
33,090
50,997
44,667
Total (representine
43,281
6 roads)
$207,413
Mexican Central
•
Rio Grande Southern
115,23.S
Wisconsin Central
DlUuth—
ACJGUST.
Wabash
$393,006
350,000
286,551
277,388
1 95,435
186,300
176,029
Chic. St. P.
N. Y. Ont.
EARNINGS FOR
it.
Increases.
Chesapeake
Peoria—
4 wks. Aug., 1892
4 wks. Aug.. 1891
Stnoe Jan. 1, 1892
Since Jan. 1, 1891
GROSS
!
the month) $33,090. Taking all losses, however, large and
Of thepe, 15 are in the
small, there are 41 altogether.
take the receipts for the even
Southern States east of the Mississippi. Among the
15 are such roads as the East Tennessee, the South
not quite suflBcient to offset the losses in rye, corn and
Carolina, the Alabama Great Southern, the Cinbarley, the total receipts of all kinds of grain reaching
Orleans St Texas Pacific, the Chesacinnati New
But
24,899,867 bushels against 26,629,975 bushels.
peake Ohio & Southwestern and the Memphis &
the provisions movement to Chicago was heavier than
Charleston, on all of which the decrease the present
a year ago, and the receipts of live hogs were also conOn the other
year is additional to a decrease last year.
siderably larger.
These facts are brought out in the
hand, the Chesapeake & Ohio, the Louisville & Nashfollowing
ville, the Norfolk & "Western and the Mobile & Ohio,
RECEIPTS AT CHICAGO DURING AUGUST AND SINCE JANUARY 1.
as well as six minor roads, all report improved earnAugiat.
Since January 1.
ings, and the first two mentioned also had gains last
1893.
1890.
1891.
1892.
1891.
1890.
The following furnishes a comparison for six
Wheat.bnsh. 9,180,063 7,942.818 1,995.903 20.480,467 18,715,319 6.510,055 year.
that th e gains in wheat
and
oats were
:
Oom...t)UBh.
Oats., bush.
Bre.. .bush.
Barley.bush.
6,922.981
8,801.316
6,540,426
45,058,819
47,188,193
60,831,2;9
8,293,654
7.179,258
6,899,308
87,396,911
42,311.994
332,120
2,454,763
288,998
49,243,7)5
1,862,8H3
8,802,702
1,822,446
171,069
251,825
477,633
6,964,152
4,334,377
6,927,399
Total grain
Flour., bbls.
Pork....bbls.
Cntm'ts.lbB.
Ijard
lbs.
24,899,867
26,829.975
511,942
334,429
UrebogsNo
1,931
993
16,864,825
13,485,417
4,649.273
2,806,639
516.741
394,199
18,202,288 124,480,046 111,434,502 117,423,123
327,261
8,689,117
2,490,392
2,617,054
4,159
12,91?
7,967
65,622
24,284,301 121.538,970 140,927,210 218,581,292
10.511,506 64,8i51,7i7 49,416,325 97,637,912
574,207
6.287,189
6,883,096
4,698,934
The best exhibits of earnings for the month, as a
rule, come from roads in the Southwest or Northwest,
and it is noteworthy that these were also the sections
which presented the best exhibits a year ago. In other
words, the gains in these cases very frequently follow
gains last year.
On the other hand, the
poorest
showing, as a whole, is made by the
roads in
the South (though
there
are
some
large
noteworthy exceptions to the
presently see) and here again
of last year's experience
present year on
many
—that
is
rule,
we have
as
we
shall
a repetition
to say, the losses the
years on
some
of the leading roads.
EARNINGS OP SOUTHERN GROUP.
1891.
1892.
AUffUSt.
t
t
!
1890.
1889.
t
t
1888.
I
473,610
169,983
576,264
925.71S
728,011
638,874
Chesapeake Sc Ohio 1,001.828
204,6'!t,
203,287
203.367
193.601
Ches. O. A Southw.
68i,600|
780,3991
695,811
Clu.N.O.&T.P.Sys. a870,l26
LoutsTille& Nasb. 1,880,800 1.796.064 1,706.040 1,637,277 1,345.927
Memphis & Char.
Mobile &Oblo
Norfolk A Wost'n.
South Carolina
Total
120.469
168,643
291.943
778,72?
123,942
146,235
224,767
617.688
98,079
122.673
192,779
681.472
91,378
4.851,611
4.763,002
4,250,109
3,552,986
al21,379
244.632
814.803
125.254
95,000
6,051,968
a Fourth week not reported,
233,874
751.3'4
fljfuro.^
the Missouri Pacific $350,000 gain, the Atchison (with
the St. Louis & San Francisco) $286,551 gain, the Rock
Island $277,388 gain and the Great Northern
$195,-
These roads had considerable gains last year
too. The Denver & Rio Grande on the other
hand, which
shows $186,300 increase, and the Northern Pacific,
which
435 gain.
$
481.0U
178,963
530,171
1,369,563
139,087
109,349
560,877
86,726
3,536,768
taken same as last year.
From
the Southwest the returns are strikingly good,
very heavy gains coming from the Atchison, the St.
Louis & San Francisco, the Denver & Rio Grande, the
Missouri Kansas & Texas and the Missouri Pacific. la
the
fact, out of 22 roads ia that section only four
Texas & Pacific, the Fort Worth & Rio Grande, the
Silverton and the Kansas City Clinton & Springfield
—
Southern roads come
after losses last year.
An examination of the list of show losses.
Earnings of southwestern group.
roads having especially heavy gains reveals very clearly
1888.
what classes of roads have been favored most. Thus
1891.
1890.
1889.
1892.
AuffUit.
$
the Chicago Milwaukee & St. Paul has $393,006 gain,
(
t
$
t
of these
1887.
8,128,897
2,894.092
2.482,451
2.393,834
819,448
405,336
753,774
368,320
807,443
674,817
713,835
489,212
720,119
492,434
741,700
883,394
785,858
349,449
638.155
630,768
693,910
328,9?8
678,901
637,233
705,700
363.272
662,689
271,783
537,488
485,477
7.164,9.37
6.561.021
6.111.229
5.781,510
5,.120,103
Atch.T.AS.F* 3,310,809
951,000
Den.* Klo Gr.
K.C.Ft.S.*M. a415,363
Uo. Kan.&T.
901,096
391,110
St.L.ASou'w.
Bt.L.&SanF.
Texas & Pac.
Total
Whole Atchison svstem except St. T^nuU & San Francisco.
a Fourth week not reported; flfufos taken same as Inst 76ar.
*
1887.
t
734.086
381,361
037,598
221,038
687,876
478,8W
Seftsmber
From
good,
THE CHRONKJLR
10, 1893.]
897
Urou Mum*na$.
tho N'orthweat alno the returns are strikingly
Paul, the
St.
tlio
Kock
Island, the St. Paul
&
Kansas City, the Great Northern and tho Wisconsin
Central all recording conspicuously large improvement. Altogether there are 14 roads with improrod
results and 6 with diminished results, the latter all
small roads though comprising some of the lines engaged in the transportation of mineral ore from the
Lake Superior iron
Hamt of
regions.
Hood.
A
A
Fooria
Cleveianil
K(»«t.
.%
2,180
27,838
&
-I
Bar). Ced. R. ,i No.
Chlc.Mil.&St.PauJ
352,729
330.757
1
288.098
282,745
t
215,706
237.684
8,700,012
3,S87.00fl
2,323,089
2,212.698
2,078,677
2.0'J7.837
Ctalc. K.
l,a3S,g(0
1,058.152
1,548,758
1,731.786
1,387,826
1.385^28
60?,718
406,091
180,252
148,041
122,007
178,435
183,094
720,862
502.351
840,341
216,899
115,344
201.740
112.830
81.810
105,800
t
fac..
I. ft
Ohio. St. P.
& K.
1800.
1801.
t
M.
241,039
Paol&Daluth.
it. P. Minn, ft Man.
18»;837
071.087
*32,«02
lSe.812
162,203
151,116
237,450
152,4ia
794.899
WU. Central
M5,823
494.8M
C.
lowaOentral.
aldfl,33S
lUMl
Milwaukee & Nur..
Minn, ft St. Louis..
U.
St. P. ft S. S.
17i,5«»
at.
Itnei.
1889.
1888.
«
138.497
113,834
1887.
?
97,435
127,715
118,099
131,204
106,181
118,101
...
*B.Tenn.Va.AQa...
A Indianap.
Evansv. A T. Haute
Flint APere Marq...
Fort Worth A BioG..
Ga. South. A Florida.
Gr.Rapids A ludiaoa.
Cin. Rich. A Ft. W..
fivausv.
155.097
045,132
789.995
449,531
885,044
681.034
357,573
tGr.
Total..
6,928,148
7,067,528
6,520,288
8,29?,»36
a Fourth week not reported flgurea taken same aa
,
Trunk of Canada
tChlc.AGr.Trunk..
(Dot.Gr.
Gt.
So.— 8.
Hav.AMll
P.
.M.AM.
Eastern of Miuu...
5,e74.04il
Montana Central..
last year.
Huinestou A Shen ...
Uutuhias'u & rtouth'n
Ind. Uoc. A Western.
Internat'l A Gt. No..
As regards the trunk line and Middle and Middle
Western roads, out of 57 lines from which we have reMowa Central
ports 43 show larger and 14 smaller earnings, the Iron Railwa.y
Kanawha A Mich
changes, with one or two exceptions, not being very *K.au. C.Cliu. ASpr..
amount
large in
Auyiut,
1802.
1891.
1890.
t
282,415
230,842
«
256.024
266,705
(
812,707
195,408
382,119
181,708
344,790
170,883
Balt.ftO. Southw.
Buff. Booh. 4 Pitt.
Ohloaio ft East. III.
206.567
Oblc. ft West MIch.l
139,334
CI. Cln.Chlc.& St. L 1,435,012] 1.318,8821 1,207,077
Col. Hook. V.ftTol.
800,257
324.080
288,540
Det. Lanslns ft No.
123,0551
130.118
112,495
BransT.ft Terre H,
128,598
121.400
103,958
Hint ft P. Marq....
239.558
226,024
224,lo3i
Orand Rap. * Ind.'
301,005
287.870
322,824
Or. Trunk of Cao.t 1,668,888 1,829,148 1,836,107
I
212,379
180,.397
252,491
la 1,321
1,130,853
253,830
102,722
i
I«n.ETana.ft St.L.
I«nls.N.A.ftChlo.
N. T.Cent.AH.R.t
150,348
310,047
4,081,441
Ohio
414.487
418,238
200,213
217,160
128.130
117,190
168,517
112,075
1.415,500 1,373,470
0331,838
350,338
ft
.MisaUalppi.
Plttsb'gft West'n.
8t.L,A.ft T.H. br'8.
Tol. ft Ohio Cent..
Wahaah
Weet. N. Y.
Pa.
ft
Total
12,.'180.440|
161,415
136.627
t
.
08,734
19.1,782
292,558
1,650,518
271,551
245.660
4,046,602
3,220,677
411,104
109,383
247,152
3,792,909
412,805
197,231
120,653
137,397
S0a.B7l
101,188
123,362
1,194.403
1,314,690
3cS,261
*
191,888
205,796
170.069
193.816
259.213
223,871
120,432
128.313
1,057,164 1,080,608
2«),8-8
223,031
105,828
108,420
101,205
85,881
107,283
216,477
270,857
296,535
1,620,482 1,657,403
108.103
05,597
228.814
218,782
3,627,138 3,880,005
379,185
409,911
198,310
192,231
78,308
84,700
102,219
95,206
1,266.365 1,355,868
341,188
290,012
12.208,470 10,750,226 11,185,368 10,62 1,9S2 10,839,451
1
'
All lines.
t Tour weeks.
t For this year we hare added together
er. Col. Uln. A Ind.. Cin. Ind. St. Louis ft Chic, and Cairo Vlnoennes ft Chlo
f*Borne vVatflrlxiwa .t Ozdaasbunt laclndad for all tho yours.
a Fourth week not reported, figures taken same as last year.
have done well, the Canadian Pacific
and the Rio Grande Western having shown continuous
gains for many years, and the Northern Pacific having
more than recovered its loss of last year.
OEOSB EARNINGS AND MILEAGE IN AUGUST.
Pacific roads
Qrott Earning$.
Nameof Road.
1892.
Atoh. Top. AS, Fe...
B'(l8j'ntlyown'd,'3.
Fran.
R'd8j'tlyowu'n.i«.
Atlanta A Florida...
Bt. L. it Siiii
Bait.
&
.
Ohio Southw.
&
Blnu'liarn
Atlantic
Brooklvu Elevated.
Buff. Koob.
&
Pitts..
Rap.A No
Burl. Cod.
Canadian Paclilo
Carolina .Midland
Char. Cin. & Chlo
Obarl. Suuitcr & No
Chesapeake A Ohio..
&So. West'n.
Oho,*, o.
Chic.
Chic.
Chic.
CUic.
Chic.
Chic,
& East.
.Mllw.
Poo.
R.
Illinois.
&st.
& St.
P
Louis
U\.& Pac.
& Kau. C.
ti West Mich...
Cln.Georg. & Ports...
Cin. Jack. & .Mack.
St. P.
•Ciu. S. Orl.&
Tex. P.
'Ala.Gt.8oatlicrii..
•N.Orl. & Northeast
•Ala.ife Vicksburi?..
'Vicks.8hrev.&Fao.
3,16.'5.252!
1891.
3,005,869
122,827
638,155
142,7431
120,26S
6,935
7,822
262,4151
255,024
3,536
3,728
137,415
138,163
280,842
266,705
352,729
330.757
1,829.000 1,734,985
5,200
4,311
9,500
14,058
9,500
9.800
1,001,828
925,718
193,601
203.287
382.119
344,799
2,760,012 2,367,008
32,997
114,319
1.93.1.840 1,658,452
507.748
432,20184,706
170,869
7,350
6,858
72,588
68,312
22-.'. 148
245,028
86.855
91,756
61,657
51,927
26,i21
23,445
22,727
24,288
145,5571
720,119
1
MUeaqs.
lnarea»e or
Oeereatt.
+ 159,383
1892.
6,543
1891.
6,532
+22,730
587
587
+81,964 1,328 1,327
536
+2.2,475
536
—687
105
105
+7,391
281
281
— 192
+9,252
+ 14,137
+21,972
+91,015
+ 819
—1,558
+700
22
18
304
304
1.083
5,767
1,083
5,568
35
173
139
39
175
139
22
18
+76,110 1,269 1,231
—9,686
398
398
+37,320
436
436
+393,006 5,721 5,721
316
+ 18,678
316
+277,38 S 3,45t> 3,409
922
+73,546
922
481
489
+13,13
+4SI2
42
42
345
+4.04«!
343
—22.l7.-ii
336
336
—4,H0l 295 293
196
+6,730
196
—.4,076
143
143
-1,501
170
170
1,880,800
310,047
38.612
73,029
624,469
159.241
144,341
11,099
172,569
241,035
901,098
2,66 (,000
244,532
8,974
4,961,41
61,216
355,5 42
811,803
Milwaukee A North'n
Mineral Ranae
Mmn. A
St. Louis
Minn. St.P.AS.SteM.
;iIo. Kau?. ATex.sys.
Mo. Pac. A Iron Mt..
Mobile A Ohio
N. Orleans A South'
N.Y.Cen.AHud.Rlv.H
N. Y. A Northern
N. Y.Out. A West....
Norfolk A We.stern..
Northern Pacillc
2,230,32.1
Wise. Cent, lines...
545,823
414,467
Ohio A Mississippi...
Ohio River
Ohio Southern
Peo. Dec. A Evansv..
Pitts. Marion A Ohio.
Pittsi). Shen. A L. E.
A
77,6
60,404
84.220
2.710
38.122
209.213
23,170
68,301
Western...
Omaha A K. C.
Rio Grande SoutU'u
*Rlo Grande Western
8a?. Tuscola A Hurou
A
15(»,700
11,032
124,928
126,130
2.530
391,116
189,837
St. Jos.
Gr. Island..
St. L.Alt.
T.H. Brs.
St. L. Keonett ASo..
St. Louis South wes'n.
St. PaulADuluth....
Sandei-sv.
A
A
*San Fran.
Silvorton
South Carolina
Tennessee Midland..
Te.xas A Paclttc
Tex. Sab. V.A North..
Tol. A. Arl). A N.Mich
Toledo Col. A Cin....
Tol. A Ohio Central..
Tol. Peoria A West'n.
Tol. St. L. A K. City .
83.U4
23l,0il
Wabash
1,413,.500
•West. N. Y. APcnn.
Wheel. A Lake Erie..
WrlRhtsv. A TenulUe.
Total (132 roads).
.
226.100
131,190
5,450
183
161
101
637
144
630
144
289
432
86
62
—151
-594
+31,783
+ 10,04'<
+ 26,- '03
2,933
537
166
330
90
361
373
2,860
937
16ft
330
1,847
1,218
—47.17
—7.662
—2.969
321
362
17
363
902
363
807
1,672
5,372
1,67*
5,231
687
65
2.096
61
47
2,094
1,349
4,379
1,108
4,282
8o7
623
209
140
234
25
168
332
134
172
512
67
867
623
209
140
354
38
+ 21.453
785,138
2,313,000
233,674
+ 115,233
+350,000
+ 10,158
12, i97
—3,323
4,04«,50J
49,804
+ 14.939
+ll,41a
+62.084
+93, 1.39
+ 176,029
+50,997
— 3.77ll
+ 12,331
+6,792
+6,101
—1,090
+300
—7,937
+3,111
+40,306
+7,100
+30
445
242
+3-,4ll
+8,91o
+ 535
+44,667
+37,121
+ 1.488
321
362
17
687
68
61
478
13 8
367
134
80
44S
67
445
25
242
25
1,232
250
290
3
160
20
270
135
3
160
30
313
135
1,497
1,497
38
286
72
235
217
431
38
388
72
238
247
+8.833
+8.660
+ 1 1.442
1,803
1.218
1,222
+3
—3.592
—1,756
—23.169
—2,702
—38,334
2,985
88.5i7
2^,823
142.075
82.760
207,113
1,373,170
241,603
119.561
6,741
671
238
33»
148
61
722
+ 43,281
+ 85,154
120.469
20.515
530,768
338
18»
78
338
98
83
182
838
407
30
142
163
+31,9)9
-6,832
+8.267
•«
eft
63
3,487
72
260
99
82
192
825
497
20
142
163
671
233
239
148
61
722
90
361
373
+950
349,419
lo2,41
541
61,142
438
3,038
—493
1.995
38ft
3,350
+ 1,149
86.5 17
117. lao
81
1,398
+ 1.178
293,458
751,344
2,034,296
494,8 .'6
418,23s
63,069
53,612
78.119
3,800
37,822
217,150
22,059
27,993
143,600
11.602
187
932
333
S8»
183
+7.393
+3,763
+9,523
-1,087
+84.7 46
+38.496
+11,076
-3,973
1,687
1.253
+ 31,728
+3,57d
17,8 1
492.134
4,453
97,420
38,183
156.517
+ 176,151
237,45!)
13.7
332
323
989
89
—62,260 3,505
—8.417
335
— 17,837 189
271, ''31
551
57,530
12,000
93,000
Cenuille.
A No. Pac.
32
82
+ 1,513
l,7.^6,"51
426,926
Mexican Railway..
196
1,646
187
10»
19
V»
+ 18,796
+930
—12,431
—4,030
47.536
79,001
581.181
341.772
206,715
152.203
14,068
151,116
88«
83T
10»
3»
83
S.'iO
327
+4,364
21,73)
37,345
6.812
312,361
36,430
513,091
131,113
6,218
881
+ 10,257
61, '5b
36, -194
1.837
391
105
f24.594
+4,318
—4,101
-6.161
—8.599
+3.016
-33,090
+6,237
+7.106
—15.405
—3,579
+2.692
16,027
239,351
314,344
46,478
511,096
150,348
IM
1.837
—14.832
+ 180,300
8
8
106
19
194
+1,197
2S,9->5
271.323
55,324
33.0J0
*Memph.ACharlest'n
Mexican Central
Mexican National...
Quiu.
16,030
9.928
51,079
316.627
108.68 i
2,237
IS534
Louisv. Evans. A St.L
Loulsv. A Nashville..
Louis. N. Alb.&Chio.
Loulsv. St. L. A Tex.
Pittsb.
108,69.)
12,000
11,104
58,474
118,206
3,207
28,134
Kan-C.Wyan. AN.W
Keokuk A Western...
Lake Erie All. A So...
Lake Erie & Western.
LeIiigU A Hud. River.
Long Island
TBUNK LIKES AND MIDDLE AND KIDDLE WESTEBN ROADS.
+ 1.046
+86,130
—34.097
fl72
96. -'18
320,39<S
*ICan. C. Ft.S.AAIom.
•Kan. C. Mem. ABlr.
in either direction.
58,232'
1,344,K82
177,492
I
Other lines
166,535
+333
28.716
188,728
309,257
324,089
71,224
58,428
8,100'
6,030
10,087
8.900
931,000
744.700
36,170
31,0.32
29,000
33,401
123,955
130.116
237,387
242.966
8,065
5,049
323,000
856.090
46,178
39,941
128,590
121,490
221,153
239,558
23,871
27,450
55,912
53,220
235,999
225,742
46,279
41.915
21,727
20.214
1.566,898 1,629,148
271.H74
280,291
102,937
120,774
971,05/
794.89«
114.641
82,913
.Marietta
Hock. Val.AToL
BUawaeoA Hook.
Colusa A Lake
Ool.
Col.
Oct. lla.yCilj' A Alp..
Det. Lansinx A Nor ..
Dul. So. SUoroA Atl..
Dulutii A WlnuipcK..
1808.
+346
+3,048
.280
1
59,278
1,433,012
133,39
29,188
2 13,32 i
Div.
Colorado Midland
1,840
24,-. 90i
l,.'i33
Des MoluosNo.AWost
Au^uU.
1801.
¥
Oln. Nortliwestern...
Vlr...
Col.
.MavsvUlo...
•Clev. Akron ACol...
Olov.t'ln.Ch.ABt. L..
CInii. Ports.
'Current River
Deuv. A KloGriHido..
EARNINQS or MORTIIWESTEaN LINES.
1891.
1S02.
MUttHn.
Inereait or
1893.
Deerease.
[
+2.374
+26,6 38
+42,030 1.924
—13,500
610
235
+ 11,626
—291
33
401
1,924
640
285
36
43,702.853 42,606.70 4 +3.096,149 90,979 89.407
Only three weeks of August la eacli year.
I For four weeks endlug August 27
H Rjiue Watertowa A Ogdonsburg included both years.
*
QKOSe EAENINQS FROM JANUARY
Same
Atoh. Top.
of Road,
A San.
Fe...
Roads J'ntly own'd, "a.
8t.I.K)uis A San Fran.
Road* i'ntly own'd. )«.
Bait. A Ohio Southwest.
Birmingham A Atlantic.
Brooklvu Kleva ed
Roch. A PittsDurit.
Burl. Ced. Rap. A Nor.
Buir.
1802.
22.172.908
1,174.924
4.43;,369
1.130.911
1,708.189
27.329
1.224,337
2,037,371
2,609,468
1
TO AUGUST
1891.
20,696,797
1,098,228
4,2«i>,427
1,074,029
,363,08 1
1
Inerecue.
1.80l.76>»
2,21 1.0 !l
Deer ton ^
1,476.151
78.696
176.9 42
76,382
143,103
6,674
3l,<K>3
1,156.886
31.
67,451
232,102
308.417
THE] ;CHRONICLE.
398
1892.
irame of Road.
Canadian Paclflc
^roliua Midland...
•Iiarloston Cia.
<& Ohio..
Bnmter & North'n
4niar.
Chesapeake & OUio
Oieaap.Ohio i&Soutliw.
Oliioago & East. lU
2,5'i5,087
Chlo. Slilw. & St. Paul.
CUo. Peoria & St. Louis
Cbio. Hock Isl. & Pac...
Chic. St. P. & Kan. City.
& West MicliiKan.
Cln. Georg. & Ports
Cin. Jackson & Slack...
Cin. N.O. & Texas Pac.
•Ala. Great Southern
*N. O. <S:NortUov3tern.
Clilo.
*
Alabama & Vicksburg
& Pac.
•Vicksb. Bhrev.
Clnn. Northwesrem
Oinn. Ports. & Virginia
. .
Columbus & Maysville
'Clove. Akron ic Col
Clev. Cin. Chie. & St. L.
Peoria & Eastern
-Cleve. & Marietta
Colorado Miillaml
Ool. Hock. Val. & Toledo
Col. Shawnee & Hock .
Colusa & Lake
*(,"ui
13,447.584
37,068
88,810
8H,561
6,081,618
1,3H6,916
rent River
Denv. & Rio Grande
-Des Moines Nor. & West
ri'et.BayCity & Alpena.
Det. Lansinj; & North'n.
Dul. So. Shore & Atl...
Diiluth & Winnipeg
JjvanST. & Indianapolis
20,207.484
838,218
11,492,605
3,178.675
1,266,686
44,922
449.913
2,632,183
1,071,8211
764,220
368,221
318,099
13,601
163,125
9.49tf
613,573
9,208,637
1,146,916
210.368
1,431.156
2.142,801
455,'238
18,391
116,910
5,914.103
260,491
239,591
7H8.S95
1,505,898
79,289
218,895
Kvansv. & Terro Haute.
836,8.50
&Pere Marquette.
Fort Worth <fc Rio Or...
Oa. Southern <fe Fla
X}r. Rapids & Indiana.
Cin.Rieh.& Ft.Wayue.
Other lines
1,906,253
221,33"
4S4,261
1,634.835
Flint
.
Gr. llrunk of Can.ada..
Chic. &Gr. Trunk...
IDet. Qr. H. &Milw..
•CJreat Nor. St. P. M.& M,
M
Eastern of
Montana Central
Humeston & Shenand'L
& Southern
ndiau ip. Dec. & West.
& ^reat Northern..
Hutch.
1
Int.
'
I
Iowa
t^ntral
•'
Iway
& Michlgau
Iron i:
Kan:i
a
Kai
ity Cliu.
&
.
Spr.
^C.Ft.S.&Mem
Mem. * Bir.
*Ka>
*Kai
Jity
J. Wyan. & Nor...
Keokuk & Western
Kan
Erie Alliance & So...
Erie Jr Western...
!,chigh it Hudson Rlvei
lioug Island
touisv. EvansT. & St. L
Xouisvllle it Nashville..
I^ulsv. N. Alb. & Chic.
IfOuisvUlc St. L. & Texa^
•Memphis & Charleston.
JMCeslcan Central
Mexican National
r..
i.alce
* Mexican
Railway
Milwaukee & Northern.
Miueral Range
Minneapolis & St. Louit
Miun. St. P. &8. Ste. M,
Missouri K.
Mo.
racilic
Mobile
& Tex.
& Iron
svs.
Mt..
& Ohio
N. Orleausifc Southern.
N. Y. Ceut..fe Had. Riv T
New York .V Northern..
Jf. Y.Ontario & West'n..
Norfolk & Western
Northern Paeillo
Wlscon. Central Lines.
Ohio & Mississippi
Ohio Eivc-r
Ohio Soutliern
......
Peoria IJer. & Evansv..
Pittsb. Marion & Chlo..
Pittsb. Shen.
&
L.
Erie.
& Western
Quincy Omaha & K. C.
Bio Grande Southern.
*Rio Grande Western..
Sag. Tuscola & Huron..
Pittsburg
. .
St. Jos. & Grai^d Island
8t. L. Alt.&T.U.Br'chs
St. L. Keiiuett & South..
et. Louis Southwestern.
St. Paul it Kuluth
«andersv. & Tcnnille....
San Fran. & No. PaeiUc
Sllverton
South Carolina
Teuneesee Midland
Texas
<t Pacihe
Tex. Sabine Val. & N.W.
Tol.Ann Arbor AN.Miob
Toledo Colninb. A Cin.
Toledo & Ohio Ceutral..
Toledo Peoria & West'n
ToLSt. L. & Kan. City..
Wabash
•WestN.
*
Y.
Pa...
Wheeling & Lake Erie ..
Wrlghtsvillc A Teunlile.
1891.
1,000,543
12,447,041
38,211
99,629
66,673
5.805,273
1,485,885
2,418,085
16,984,362
167,002
3,223.122
725,970
10,212,899
1,279.706
2,796,285
1,130,946
43.062
Dtcreatf,
Inereate.
222,892
1,349.930
2,016,063
333.728
18,585
96,383
5,378,899
204,768
314,081
802,363
1,425,470
48,645
233,238
798,821
1,925,737
27,870,376
331,87
1,972,732
0.229,i)47
5,7^10.061
14.720,572
3.710.531
2,084,607
88,919
that the total crop this year reaches 9,033,707 bales, while the
exports are 5,864,931 bales, and the spinners' takings are
3,893,.503 bales, leaving a stocli on hand at the close of the year
11'2.248
is
1,860
27,837
56.732
86,010
76,503
535
27,418
90
9,083
1,223
25,170
379,391
73,922
Rtctivt^ for Year
Sept.
194
20,327
535,204
55,723
To Aug.
27.
Borne Wat.
•
t
9811.3.') 1
296,413
1.1»8,44& 1,058.841
81,134
27.923
1,191,417 1,323,208
48S.964 514,48h
37.868
Texas
. .
So. Car'llna
No.Car'Una
.
1892.
.
Baltimore
Phlla
Portland.
S. Fr'nolsoo
267,5«'
257,301
209.838
858,98 1.025,664
•8S.HS3 •133.740
'149,88; •134.907
•Dl,f«2
•B9,B08
•S«,904
Chan- j^
Stock
Otlier
im».
T9tml
Foreign.
rut.
8,737 513,(17
6S3,154 2.162.858
83.32S
37.«lit
8.391
33,061
631.11.S
79.905
isi.m*
648,936
274.873
160.080
35,046
300,820
184.632
52.902
610,888
350,212
118.573
834,95K
S,55e'
65.(171
267,805
477,804
89,589
13.172
37.603
278,431!
12),TS0
•;s,8ii
7.611
53.881
217.018
10,421
154,131
708
21,484
9,7»9
15,258
2,sro
5,741
802,014 283.671
288,Ki7
6,954
a.soo
2S7.472
*e,i9a
4.250
.
143
143
ToUls—
This year 7.137,512
liUtyear
79.326'692.304 1,762.78) 5.884.981]418.538
82.010 561,246 IfitS.T.i .3.790.634 228,684
5.878.153 2,844.>*58 87.»ial475.H4 1.509,003 4,918,8171 61.28*
3.330.506
8,(193,150 3,319,004
Prev. yr.
92,510
15.049
13^ • These figures are only the portion of the receipt* at these ports which
arrlTed br rait overland from Tennessee, &c.
42.078
and &ulf shipping
The foregoing shows
'486
47,106
"3,233
that the total receipts at the Atlantic
ports this year have been 7, 157, -542
bales, against 6,993,150 bales last year and 5,876,153 bales in
1889-90; and that the exports have been 5,861,931 bales, against
5,790,634 bales last season and 4,916,847 bales the previous
season, Liverpool getting out of this crop 3,289,197 bales. If
now we add the shipments from Tennessee and elsewhere
direct to manufacturers, and Southern consumption, we have
the following as the crop statement for the three years.
94,182
Year Ending September
iih'.oii
1.
Receipts at the shipp'j? p'rts.bales
1891-92.
1890-91.
7,157,542
6,993,150
1,199,094
1,056,452
8,337,236
8,049,602
1859-90.
5,876,153
Add
siiipiueuts from 'reiiuessee,
tkc, direct to manuiactiuers..
888,095
654.399
'
Total
"5.467
j
6,764,248
Manufactured South, not included
681,471
C05,916}
549,478
Total Cotton Crop for the
bales. 9,038, TOT 8,05 5,518 T,313,T36
Tear
74.103
24.873
The
is a total of 9,038,707 bales
(weighing 4,508,324,405 pounds) as the crop for the year
ending August 31, 1893, against 8,655,518 bales (weighing
4,336,400,015 pounds) as the crop for tho year ending August
19,496 31, 1891.
We now give in detail the processes by which the
oonclusions for the last year have been reached.
1,367,913
32,164
329,749
439.886
1,S'>9
407,979
24,844
45,122
result of these figures
18.530
3,663
41,315
117,613
11.261
261.323
68.664
7.253
239.324
43.644
9,107
117,649
188,691
Orerland anl Inter-Statc Movement.
of cotton carried overland showj an iacrease,
but only a moderate increase cjnsiderin j that the crop wjw
nearly four hundred thousand bales larger than the previous
crop and that this addition to the crop came wholly from Texas
and the Siates in the Mississippi Valley, from which sections a
good part of the overlmd is genarally dra^vn. Still, the r««sons why the movement by the all-rail route is smaller than a
proportiimite increase of the production would call for are
The volume
1,952
10,360
I
"i6",07'5
204.685
6.974
234.963
4.062
quite obvious.
First
among
these
is
the fact that every road which tdp.8 the
of the West has bean full of freight
wheat and corn sections
32,627i
704
through the season in which the cotton crop is mostly
marketed and furthermore, during the same period the
trunk li les to the Northern seaboard cities have shared this
plethora of traffic. It is hardly needful to state that such a
position of railway business north of the Ohio must necessarily tend not oaly to discourage bat to preveat competition
with the Southern rail and water routes. Another important
feature contributing to the same end has been the very low
price of cotton ru'ing this year, which has kept cotton freights.
all
72,719
23,714!
;
1«1,229
293,286
107.323
108, 73(3,
Only three we:>k8 of August In each roar.
both year*
Ogil. lu»\a>'.t>l
BHtatn.
2.S0),251 2,077.744
New York.
BMton
19,502
1,
1891.
Alabama...
Virginia
"h'fiii
Oreat
Loulsiaaa..
Florida....
80,428
30,644
15,637
38,029
Sept.
1,
189J.
Georgia.
74.490
13,668
1.
Sept. 1,
12,524
81,226
126,738
119,510
Total (130 roads)....•321,360,970 300,094,729
22,796 201 2,329,960
20.366.241
t
Exports Tear endlnc Sept.
ending-
POBT8.
Het.increase
11
The whole movement for the twelve months
given in the following pages, with such suggestions and
explanations as the peculiar features of the year appear to
require.
The first table indicates the stock at each port
Sept. 1, 1892, the receipts at the ports for each of the past two
years, and the export movement for the past year (1891-92) in
detaU, and the totals for 1890-91 and 1839-90.
of 416,536 bales.
2,212,.537
109, 3'0
14,718,703
3,302,352
2,704,103
456,07.")
431,23
404.894
339,772
556,711
575,241
25,224
28.887
245,428
204.113
1,576.300
1,458.687
174,680
163,416
416.204
1.54,881
1,598,297
1,539,633
73,105
65,852
761,832
522,308
92H,840
885,196
22.759
13,632
2,673.613
2.553.964
1,246,280
1.057,589
3.881
5.833
521.295
510.935
50,301
66.376
849,353
1,054.038
120,532
127.508
3,922,755
4,157.718
31,497
27,435
714,752
682,125
'222,243
221,539
1,013,007
940,288
027,732
604,018
1.358.220
1,236,991
9.002.520
8,709,234
2,143,980
2,251,202
940,765
832.030
43.526
68.32(
1891-92.
1,143
10,819
382.390
135,740
153,8114
67,533
490,308
66.201
1,508,634
28J,676
34.174
32^.850
149,5(1
9.679
159,210
385.417
12,473,287 12,087,870
83.865
2,337,292
2,410.157
14.087
741,405
758,492
7,514.530
5,929,302 1.613,237
704,768
570,755
135,013
742,0.=)4
834.564
104,749
89,700
13.730
61,107
47.377
311.243
7,042
318,2^7
2,205,53.^
2,307.613
I,13e,l85
121,097
1,015.088
22,451
22.937
204,114
38.253
212,367
184.770
9.373
191,143
222,129
3,012,048
2,819,919
6i)7,3nS
630.25S
215,390
183.28)
32,109
250.709
233,932
51,961
47,503
4,456
2.238.1121
2.071,566
167,038
15.261
290.247
274,986
2.925.918
2,788.173
137,763
888.393
982,.37o
13.889.619 12,849,198 1,040,421
2.090,977
1,808,224
282.733
421,836
94,296
327,540
851.086
967,103
5.084,239
477.898
4,606,341
2.808,419
2,743,220
63,199
1.96.'i.897
2,620,296
1,086.810
1,082,048
4,762
87,364
92.831
1,258.325
1,048.033
2'i6'.2¥2
1,940.522
1.403,077
537.445
5,873,062
189,314
5,683,748
17,099,481 15,738,774 1,360,707
3,138.429
84,517
29,238,289
364.042
2,302,481
COTTON MOVEMENT AND CROP OF
Our sta':ement of the cotton crop of the United States for the
year endiig Sept. 1, 1892, will be found below. It will be seen
22,888
276,345
477,770
2.688,933
1,157.839
687,715
367,686
345,517
13.694
154,042
8,276
588,403
8,829.246
1,070,994
[TOL LV.
Skftembkr
THE
10, 18«2.J.
CHBiOI^lCLE.
small margin for profit to all
carriers of the staple. Of course if the roads had not been
full of trafflc, even with this low price, every sort of combination would have been sought in the effort to get something
down
to
to a
minimum and
left
up empty cars with; but this need as an incentive bfiiig
and lower ratoi for forwarding the staple bavin;? ruU-d
fill
absent,
because of the lower prices prevailing for cotton, the Nortliern
roads were in good measure barred out from this business except such as originates in districts which find the all-rail
route most favorable. There are for the most part but two or
three considerations which determine the choice betwrcn a
Southern outport and the movement overland, other than
those mentioned. Sometimes speed becomes so important an
element as to permit of a fractional difference in cost; a temporary drop in freight rates to Europe through a Northern
port not infrequently opens the way for euch shipment;'; but
unchanging inducements for
many Northern mills are
80 situated that they can get their supplies in no other way so
cheaply, and (2) that some Southern districts cnn always market their production to better advantage that way. These
manifestly the constant and
moving cot on overland are
(1)
that
elements in this problem, but the other
incidents mentioned are the varying icfluencep; and it is the
latter are the constant
varying influences which have been unfavorable this year to a
movement.
large
399*
1891-B2 ...
1900-91 ...
1889-00...
1888-89...
1887-88 ...
1886-87...
1885-86...
1881-85 ...
1993-84 ...
1882-93...
1881-8i...
1880-81 ...
1870-80...
1878-79 ...
1877-78...
1876-77...
1875-70...
1874-75 ...
Inereatt
OroM
Total rUld.
Crop of
Oterland.
Bait:
Bales.
0,039,707
8,e63,51H
7,313.730
6,935.092
7,017,707
6,513,623
G,550 215
5,669,021
6,714,032
6,902,234
5,135.815
6.589,320
1,900,182
Of
Inertcut 4-43
Inertatt l»-35
Inereate 6-4it
Deereate 1-18
Increatt 7 '74
Deertate 050
Increase 15 '.54
Decrease 078
Decrease li-'Z9
Increase 28'61
Decrease 17'50
Increase 14'45
Increase 13'48
Increase 5-45
Increase 7-26
Decrease 3-94
Increase ll'Hl
Decrease 8'09
1,129.192
1,460,180
1,411.920
1,292,167
1,200,279
991,960
1,049,070
1,217,215
1,134,788
1,090,007
1,181,147
891,619
693,640
636.880
5.073,531
4,911,205
4.485,423
4,CG0,288
3,832,991
0/ OstrtanM.
Crop.
Per 01.
I'er CI.
1.66l!,145
6,7.'S7,31)7
and Dscrtau—
703,780
461,751
ChniiKB from B«Rflon of '74-75 to '91-92 IiitrrnHt 125'8
Increatt 8'0&
Increase IG'SS
D:crca*e 21»
Increase 1 27
Increase 1 1 -Si*
Increase 2-5»
Increase 27-0*Decrease 5-41
Decrease 13-07
Increase 7-2#
Increase 4'1<^
Decrease 7'71
Inereate 32-47
Increase 28'54>
Increase 8-0L
Decrease 9-50
Increase 52-4a
Decrease 7-11
260'8
Incr'se
In determining this year the portion of the crop forwardadl
by each of the different overland routes, we have followed,
our usual method
First Of counting each bale of cotton at the Southern,
:
—
outport where
it first
appear.^.
—
Second Of deducting from gross overland all cotton shipped
by rail from Southern outports to the North.
Third Of deducting also from overland any amounts taken
from Southern outports for Southern consumption.
Fourth— Ol deducting likewise arrivals by railroads at Newr
York, Boston, Baltimore and Philadelphia, all of which have
been counted in the receipts from week to week durif. the
do cot vary matefrom what a knowledge of the sections in which the
production has been increased and decreased this season
would lead one to expect. The Atlantic Slates and Alabama
raised less cotton in 1891 than in 1890, just as it was anticipated throush the summer of 1891 that they would but the
Mississippi Valley raised more cotton than any one supposed it
year.
could on the acreage planted, and that valley and Texas not
With these explanations nothing further is needed to mak»
only made good the lots in Alabama and the Atlantic States
plain the following statement of the movement overland for
but alio added nearly four hundred thousand bales to the yield.
the year ending September 1. 1892:
As a consequence of these changed results it is found that the
1.191-92. 1890-91. 1SS9-90.
year's net arrivals at Mobile, Savannah, Charleston, Wilmington and Norfolk have during the crop year of 1801-92 aggre- Arnfmnt shipped —
699,506 690.166 535,89t
gated only 2,999,576 bales (that is 420,529 less than in
Via St. Loul8
351,339 303,425 312.18»
Via Cairo
1890-91), while New Orleans and Galveston have aggregated
162,321
8.\318
58,78»
Via Hannibal
1890-91.
That tells
3,701,69)1 bales, or 56.5,109 more than
27,293
20,730
39,162
Via Evansvllle
marvelous
production
the
sourceiof
s^jry
as
the
whola
to
the
Via Louisville
210,316 218.967 124,157
of the past year and so help* to guide the judgment in its esti183,647 215,9S»
163,272
Via CinclnDBtl
159,346 141,315 147,S1S
Via other routes
mate of the present growth. It is further noteworthy that
13,62»
16,187
15,984
lilpped to mills, not Included above.
the net receipts at New Orleans have this year exceeded .2};^
As
to the Southern outports, the changts
—
rially
;
m
,
,
-I-
million bales.
It
wiU be remembered that
it
was only
jmi
that it passed the 2 million point. That is, there has
been added to the cotton marketed through Ihat port 20 per
coat in 1891-92, and for that year its receipts equaled 27?^ per
cent of the total crop, against 24 percent in 1890-91. Other
than that the lo»s or gain at each jxirt for a series of years is
BuflBciently noted in the following.
Ptrctnto)Crop,
Recfiv^d
Total KTOss overland
last
1,600,482 1,686,14.=; 1.429,l»a
.
Dediut shipments -
Overland to
New
York, Boston, Ac...
towns
Oalveston, Inland and local mills
New Orleans, inland and local mills...
Mobile, Island and local mills
Bavanuali, inland and local mills
Cliarleston, Inland and local ntlUa
y. Carol'a ports, inland and local mills.
Virginia ports, inland and local mills.
Between
i
at—
Interior
Total to be deducted
WilmlUKt-n.&c.l 0a-i9 OSrV, oa-at 03-13] 08-311 03-02 02-58 os-r 03-at
0,'-51
11-85 10-42
1.1-91
12-51 12-37 lS-6'
1304
Norfolk. &c
Charleston. Ac. 05-18 Oj-llS 04-50 os-;a 00-30 05-98 07-68 00-22 07-56
^.
0^-45
00- 30
15-32 15-21 13-71 13-70 12-82 12-42 12-M 11-5.H 11-79
00-W 00-52 oo-« 00-49 00-42 00-83 01-46 00-80 00-29
Mobile
02•^B
03-lS
New Orleans..
QalTeetoD, Ac
N. Y.. Boot., Sta.
Total throuKb
all porta ....
03-3:
03-09
02-06
03-32
03-79
04-18
2roe an-M 27-00
LiavtoK total net overland*
14-24
Florida
\ir»z
862,03»
56,72»
748
20,976
3.511
11,111
2.817
19,292
12,283
3,062
29,933
600.788
609,693
541,09T
l,199,694;l,05fl,45'2
8 88,0»5
2,.')61
154
32,091
.;
'91
02-39
I
Bavannah.
385,326
117,594
3,299
17.247
49,167
428.37:
63,492
6,012
26.599
38.916
3,361
11,491
04-20
04-48
26'
24-17
2;-;i
13-27
St-OO
ifi-m
21-47
28-S6
ia-23
lS-03
11-57
11-20
OH-62
10-63
12-80
01-45
0.-85
10-2a
03-07
09-831
Ot'78
Ocl-97
01-94
0458 01-40
07-29
07-30
-
This total includes shlpmenlH to Canada, Ac. by r.ii!, which during
1891-92 amounted to 7t>.891 halw. an 1 are dMluole 1 in the statereent
f couttiimption; in 1990-91 these shipments were 71,903 bales, and la
1B89-9U they were 55,240 bales.
According to the above, the total carried overland this year
*
I
was
1,800,483 bales, against 1,630,145 bales last year
1,429,193 bales the previous year,
and the movement
and
direct to
year reaches 1,199,694 bales, against
ago and 888,095 bales in 1889-90.
now give the details of the entire crop for two years. This
4'
06-85 04-73
7-5*
7-51
-•CO
e-ai
6-lS 05-19
shows an increase over last year of 134,837 bales in the
Tot. U. S. crop. 100-00 10000 100-00 100-00 100-00 10000 100-00 100-00 100-00 100-00
gross movement and a gain of 143,242 bales in the net moveIn the above table under the head of " overland" we have ment. Compared with 1889-90 the gain in grosj is 371,890
only figured what is called the net overland, as the remainder bales and in the net 311,599 bales.
liOUlslana.
of the {/ros« amount is counted at Now York, Boston, Phila..
1390-91.
1891-02.
Exiiortcd from N. Orleans
delphia, &c., or at the Southern ports where it first appears
1,9.%5,540
2,162,859
roroi-cl)?n ports
257^73
To
iM)i-tH
470,936
coiistwlsiin the receipts. Still, the entire gross overland reaches a marTo Northern poits, Ac,
4,134
ket by some oU-rail route, and hence in measuring the total
12,512
bv river and rail*
13,113
14,087
M»nufai'ture<l*
overland we cui only do so correctly by using the gross Biu-nt
35
32.063
44,359— ;,274,5S»'
65,326—2,767,783
figures.
To indicate therefore the progress made in the Slock at close of year
OTerland net...
Bouthern oonlumptlon
79-19
8D-7S
13-27
iru
Tfrtf)
78-83
li>-f6
81-M
81-39
82-39
86-09
1106
manufacturers
this
Wo
1,056,452 bales a year
.
;
movement
since 1874-75,
we
give below the total crop, the
grocs overland, and the percsntagej of increase and decrease
for a series of years.
It will be seen that the total gross over-
land during the year 1891-92 has been 1,800,482 bales, which
is 19-92 per cent of the total crop for the year.
Deduct :
Kec«lved from .Mobile....
Received from Galveston
and othiT Texas ports.
StockbeKiuniUKOf year..
191,041
184,228
19,133
8 21B
44,338— 254,532
4i363— 196,809
2,503.251
Total pro<lui t of year
* 111 overlauu we have de«1iicted these two items.
2.077.7
THE CHRONICLK
400
Tlrelnla.
Alabama.
•l€ foreign ports
o5H?^
24ti,119
To coastwise ports
^*^'So!
7sa
7d0
Manufactured
8toSat-6iMe'6fyear'.;::::
8;391-
293,126
Deduct
Receipts from N. Orleans
Keceiptsfrom Pcnsacola.
etock^eglunlngof year..
E iported from
^—1890-91.
-1891-9^.
r^—
37,86tf
FxportedfromMobUe:'
--
20.403
5,155-
„. _.„
25,558
5,155- 312,897
_„
-.coin
^?TtT
1,174
-
iRi-ii
16,454
296,443
267,568
Total product of year
• Under the head of coastwise shipments from Mobile arc included
consumpSouthern
for
and
t8,lHt) bales shipped inland by rail north
found deducted
tion, which, with 750 bales local consumption, will be
In the overland movement.
Texas.
Exported from Galveston, Ac:
To
foreign ports (except
25;05i-l,217,120
Norfolk
*Vest Point. &c....
Stock beginning of year..
Pffrora Galveston, &c....
year..
„ .„_
3,590
227
13,980-
440
15,811-
18,677
^
,„„„
19,841
1,058,841
1,193,443
Total product of year
• Coastwise exports Infllule 5,012 bales shipped Inland and taken for
oonauuaptlon, which are deducted in overland statement.
To foreigu ports
To coastwise ports
27,923
Stock at close of year.;
Deduct
Sto ck beginning of year
—
—
Rtal pro duct of year
21,426
29,708
51,134
27,923
—
27,923
51,131
These flgares represent this year, as heretofore, only the shipments
from the Florida outoorls. Florida cotton has also gone inland to
Savannah, &c.. but we have followed our usual custom of counting that
cotton at the oulports where it first apptara.
61,438
327
630
6,107—
68,972
Manufactured*
Stock at close of yearUpland
Sea Island
Deduct :
KeceiT'd from Charleston,
&c
Received from Florida
Uplaudt
Sealslandt
Received at Brunswick
from Florida, &c
Stock beginning of year-
Upland
7,934
1.793—1,211,534
1,056,452
602—1,509,138
428,377
385,326
1,199,694
1,056,452
1,628,071
1,441,778
Total shipTi'ts toN. Y., Ac.
Add shipments to mauufaoturersdirect
Total marketed by rail from
Ten uessee,
»feo.*
liicept 134,801 bales deducted in overland, having been previously
3,433
3,214
621
317
798
366
607
3,687
10,266
1,871 —
11,518
23 —
405,994
Beaufort:
Upland
3,021
2,219
4,524
1,516
g
15,097
1,726
Stock at close of year
156- 519,358
47,393
1,616
8,48t
570-
50,394
67—
707
each year since 1838:
Bales.
Tears.
9,033,707
8.655,518
7,313,726
6,933.082
inmsn.. .. 7,017,707
1886-87 . .. 6,513.623
1885-86 . .. 6,550.215
1884-85.. . 5,669,021
1833-84.. .. 5.714,052
1882-83.. .. 6,99J,234
1831-82.. ..•5,433,845
1880-81.. .. 6,.'>89,329
1879-80.. .. 5,757,397
1878-79.. .. 5,073,531
1877-78.. .. 4.Nll,265
1876-77.. .. 4,485.423
1875-76.. .. 4,669,288
3.832,991
4.170.388
3,930,503
2,974,351
4,352,317
3.154.946
2.439,039
1867-88... 2,498,895
1866-67.... 2,059,271
1865-66.... 2,228,937
1861-65.... No record.
1860-61 ... 3,826,086
1859-60.... 4,823,770
1858-59.... 3,994,48)
1837-58.... 3,238,902
1856-57.... 3,056,519
1855-56.... 3,645,345
1874-75....
1873-74....
1872-73....
1871-72....
1870-71....
1869-70....
1863-69,...
Tears.
Bales.
1854-55.... 2,932,339
1353-51.... 3,035,027
1852-53... 3,352,882
1851-52.... 3.090,029
1850-51.... 2,415,257
1849-50... 2,171,706
1848-49.... 2.808,598
1847^8.... 2,424,113
1846-47..., 1,860,479
1845-46..., 2,170,537
1844-45,.., 2,481,662
1843-44... 2,108,579
1842-43..., 2,391,203
1841-42..., 1,688,675
1810-41..., 1,639,353
1839-40... 2,181,749
1838-39... 1,383,403
Consniuption.
Europe.— The
cotton-spinning industry of Europe haa
and is now just closing, a season of restricted
consumption and general unprofitableness, the year having
proved, more especially in Great Britain, one of unusual adversity and heavy losses.
As the season closes there is reason for looking upon the situation with more hopefulness,
because of a fair prospect of change in some of the chief
influences which have depressed the markets during past
months. The future course of affairs, liowever, is not as yet
assured, for it depends upon conditions not yet fuUy developed and besides the cholera may defer the growth of
psissed through,
other favorable tendencies.
striking
52,529
illustration of the periodic elevations
common
and
de-
furnished in the recent history of this industry, and more distinctly furnished in the
history of the industry in Great Britain. The year 1878-79
was the last sjason in quite a long period of unpropitious
trade conditions, being e»pecially deplorable in the year
pressions
at Ciiarleston
800
total crop
;
570- 567,017
1,728
Bates.
1891-92.. ..
1890-91.. .
1389-90.. ..
1388-89.. ..
A
47,270
28
1,
bales. 9,038
Tears.
10,266
1,871—1,345,800
8.258
Sealsland
Stock besinning of year-
452,084
1,199,691
facturers
Stuck at Memphis and
Nashville at beginning
2,026—1,661,929
of year
Below we give the
2,9 1
139,629
4,792
Upland
2,026—1,894,464
Memphis,
1992
448
3,124
Upland*
140.887
Sealsland
7,766
Exp'd from Port Royal and
Sealsland
Deduct :
Kec'd from SavannahUpland
Sea Island
Becei ved from Port Royal
Shipped from
1,121,170
121,996
71,191
1,928
Sea Island.
nessee. Miss., Tex., &o.. 1,272, 683
Stock In Mempliis and Nash24,814—2,093,306
villeatendof year
Deduct:
103,796
66,834
Sooth Carolina.
Exporfd from Georget'n,&0
Burnt at Charleston, Ac
722,069
49,199
in Ten-
Total crop In the United States for the year ending Sept.
Exported from Charleston:
To foreign ports- Upland 348,281
Is'd
dec.
749,754
46,025
517,973
21,348
Sealsland
17,117
19.591
Total product of year
1,194,417
l,32B.3o9
* The amounts shlppe 1 inland and taken for consimiptlon are deducted
In overlan<i.
f These are only the receipts at Savannah by water from the Florida
Ontports. and, being counted in the Florida receipts, are deducted here.
Besides these amounts, there have also been l",27ri bales Upland
and 12,2S3 biUes Sea Island, from the Interior of Florida, received at
Savannah during the year by rail.
To foreign ports- 8ea
To coastwise ports-
From Memphis
From Nastiville
From otlier places
495,446
25,433
80
Burnt
80,141
853,964
03unted.
Total product detailed above by States for the year ending
bales. 8,35 <, 238
September 1, 1892
681,471
Consumed In tue South, notlnclndad
coastwise ports
To foreign ports
To coastwise ports
2,032
2.404-
575.362
22,434
Exported from Savannah
To foreign ports— Upland 490.325
To foreign ports—Sea Is'd 16,718
Sealsland
47,091
1,025,664
* Includes 7.690 bales shipped to the Interior, which, with 13,286
In
overland.
are
deducted
manufacture,
for
bales taken
"
Georsla.
Upland
10,890
463,209
Simthern o itports
Shipped direct to manu-
•
Upland*
Sea Island
Exported rr'm Brunswick:
6,107-1,105,805
11.393
3,751
Nashville, &c.. direct to
Florida.
Exported trom Femandina, &c.*
To
5,741— 937.936
Shipments
4,470
, ,
,
76,785
5.303
10,436
7
Totalproductof year
i3;98()-l,078,682
1890-91.
.
172.500
180,617
Tennessee,
Received at Galveston
from New Orleans
Received at El Paso, &.O.
.
327,260
326,808
1,231
Burnt
Stock end of year, Norfolk,
West Point,N6W.News,&o.
Deduct
Keoeived from Mobile ...
Received from Wllmingt'n
other
from
Received
North Carolina ports...
Received at Nortolk, Ac,
Deduct:
^took beginning of
lb91-92,.
,
196.940
To foreign ports
340,275
To coastwise ports*
Exported from West Point
110,767
To foreign ports
225,803
To oiiastwise ports
Exo'd tm Newp't News, &o.
27.251
To foreign ports
6.612
To coastwisf ports
13,286
Taken for manufacture
from
., „ „_.
616,978
„„ „, „
^??'Ti i
417,114
806,347
Mexico)...
To Mexico, from Galvcs42,5'?9
ton, Corpus Cristo, &c.
343,133
To coastwise ports*
•tock^atcloVeofy"ear;;J.".'
[VolLV.
to all trades
is
From the low level thus touched the course was upward, the movement fluctuating in vigor somewhat from
year to year and not actually attaining the extreme of activity
North Carolina.
„
,
^ .
Exported
from Wilmington
until 1882-83.
Then came a period during which there was
To foreign ports
118,573
163,368
another deep dip 1883-84 opening with large hopes, but
To coastwise ports*
41.681
24,2«>e
Exp d I'm A axliiDgwn, Ac.
43,125
67.976
closing with prices declining in 1884-85 the drop was lower,
Manufaaur«l
1,252
1,360
Burnt
and in the early part of 1885-86 was still lower. Liter, how 125
olo»e of year
2,870- 212,126
"a.m- 259,461 ever, in the season last mentioned, the trade reversed this
5J^JJ^»t
Stock beginning of year..
2,491—
2,491
2,160 tendency, beginning a movement upwards which was con2,160—
Total product of year
tinued until and into 1890-91. A year ago (Sept. 1 1891), in
209,635
257,301
"'''P"""** ^'SOS '"'IM went inland by raU from WUmlngton our annual review, we found that although when that twelve
.n^i^L'tK*?*
""^S"»n
and with local oonsumpUon are deducted in overlaiia.
months began the prospects were most flattering, a depres-
Total p roduct of year
468,964
514^188
•Included in this item are 11,491 bales, the amounts taken by lo»al
mllla and shipped to Interior, all of wlUoh is deducted In overland.
named.
—
;
Septbudeb
10,
THE CHRONICLE.
1»93.J
eeason progretsed, until at the close the change in the condiwas abHolute>u(i the outlook was far from promiHing.
With such a titart no one can be greatly aurpriaed at our
openinK reimirlc that the year 1891-03 has proved a losing one
opening remark that the year 1891-93 has provod a losing one
to spinners in Great Britain. Many influences have contributed
to tliat end. First of all was the collapse in the silver specutions
401
ket for goods but the market also for the raw material
the plight which has existed during the late seanon.
ia
in
There l« a Hiill furtiier loss the spinner hati suffered this year
by reason of this continuous decline in cotton. It will be remembered that values of the raw material dropped in the
of the cotton year, when foreign spinners usually
what was at the time considered an extremely
At that time, too, the current estimates of
lation and the collapse in the active trade movement which low level.
much below the actual yield, as has
that speculation induced with and in all silver-using countries. the crop were
consequently the opinion prevailed in
Added to this collapse has also been the unsettling eftect of the developed later
fluctuations and further decline.in silver which even down to those months that cotton was cheap and that it was even
th* latest months has been in progress. This situation has safe as an investment very naturally under these circumtended to slacken the demand for England's cotton goods and stances many manufacturers were led to lay in large supplies.
yams, and thereby has tended also to depress the market What happened after this had been done, it is hardly necessary
prices for the products of its mills. Another fact having a to relate. We all know how cotton in large volume continued
like influence that ia also decreasing demand, has beetr the to come into sight, how the estimates were constantly raised,
change in Customs duties in the United States. Protection and how prices dropped lower day by day until what had
early
months
stock up, to
;
;
does its protecting almost wholly in periods of inactivity, when
values in the protected country keep so low thai foreign makes
cannot get in. But with activity, the enlarged consumption
when
been considered bottom prices
the spinners laid in their
supplies looked high in face of the subsequent decline
which
had taken place.
In addition to this formidable list of adverse influences
oon outruns the home production, then a rise in prices is set
agoing which in the end brings in the foreign product, lifting must be mentioned still another which is just now proving
The past season in America especially troublesome in Great Britiin. We refer to the
it as it were over the tariff wall.
has not been attended with an active demand for cotton goods, increase in spinning power that has been in progress and
though latterly the demand in the United States has been im- is providing an enlarged production of goods at a time when
proving, and is likely to further improve, unless the silver for the various reasons we have mentioned the demand has
In Great Britain this multiplication of
•ituation restrains developing enterprise. In the meantime been restricted.
the influence on England's trade of our new tariff has been spindles has been a movement of recent origin. For many
years there was substantially no growth. In 1883 Mr. Ellison
unfavorable.
Still another condition which has restricted consumption of reported the spindles in Great Britain at 43,000,000, in 1887
goods, especially upon the Continent (and consequently affected he gave them at only 43,740,000 and in 1888 at only 43,000,000.
in considerable measure Great Britian's exports), has been the Since the last year named spindle making has received a more
short crop of breadstuSs raised in almost all of Continental substantial impetus.
Mr. Ellison reported a net of 500,(X)0
Europe. Suuh shortage has seldom before been felt over so added in the year ending October 1 1889 250,000 for the
wide an extent of country, or been so large in its aggregate year ending October 1 1890 1,000,000 in the next twelve
amount, or included so great a number of food articles. months ending October 1 1891, and probably will estimate
Furthermore, deficiency in the supply of no other class of a further increase for the year ending October 1 1893.
products would have touched so nearly the whole body of con- When it is remembered that this enlargement in number
sumers, and hence would have tended so materially to curtail means a much greater enlargement in spinning power because
consumption of goods. Its effect on the cotton-spinning trade of the greater efficiency of the new spindleo, the reader will
of Great Britain is clearly disclosed in the exports of cotton easily understand the activity of the force these figures disclose
goods and yarn from the United Kingdom since the crop in helping to produce unremunerati ve prices for yarn and go for
year began. As we write we only have the figures to the goods. Fortunately Great Britain's home trade has been very
first of August, but according to those, the shipments to all satisfactory the past year; moreover, there have been many
of Europe except Turkey from October 1 1891 to August 1 spindles idle the latter part of this season.
These circum1888 (that is 10 months) were of piece goods 245,776,000 yards stances have tended to prevent the large accumulation of
and of yam 41,461,000 lbs., against 293,782,000 yards and 47,- spinners' products which would otherwise have occurred.
435,000 lbs. yam for the same ten months of 1890-41 and 295,A congested state of the goods markets at this time on the
268,000 yards and 47,031,000 lbs. of yarn for the corresponding Continent we have already referred to as being the natural preten months of 1889-90. Here, as will be noted, we have cited sumption from the conditions which have existed. Our readGreat Britain's exports to the Continent in the good year of ers are familiar with the marvelous growth in the consump1889-90 for comparison with the less favorable year of 1890-91. tion of cotton by Continental spinners since 1877-78. In that
and also with the poor year of 1891-92. That contrast tells season they used only 2^ million bales of cotton (averaging
the story truly and strikingly, disclosing a falling off in both 400 pounds) in 1886-87 they used over 3J^ million bales of the
goods and yam of about 16 per cent compared with either same average weight, and in 1890-91 over 4J4 million bales of
year. These figures, however, show only the effect of the same weight. According to Mr. Ellison's figures the spindles
short harvests in Continental Europe on England's export on the Continent aggregated 23,500,000 October 1 1888, and
trade.
But the same cause must have influenced adversely 25,150,000 October 1 1891. Of course these Continental spinthe consumption of raw cotton by Continental spinners for dles all produce a much heavier yarn than the English spinif less of foreign manufactures was needed, no doubt there dles
and besides, the total, like that for Great Britain, emwas some decline also in the takings of home-made sorts
braces every succeeding year many more new spindles (subthat ia, of the products of home spinners.
stitutions of the newest patterns for the ol^ than the mere inStill another unfavorable circumstance has been the anom- crease in the aggregate indicates.
Hence it is that these 85,alous state of the values of the raw material. One unfamiliar 150,000 spindles of 1891 were able to consume this 750 thousand
with the markets would think that an enlarged supply of cot- bales more of cotton in the season of 1890-91 than in the season
ton at phenomenally low prices ought to favor an enlarged of 1887-88, when the spindles were 33,500,000.
But with this
consumption of goods and be accompanied with prosperity to large increase in the capacity of Continental spindles, it is not
the cotton spinner. Had every other condition aided active surprising that in a year of shortage in the breadstuffs crops
trade, very likely this one could have been turned to good acand of consequent economy in expenditures by the people
count but with a downward tendency to prices for the man- they should not want as many goods from Great Britain
ufactured article already in progress, and with the capacity as in the previous year and for the same reason it is fair to
for consumption of goods curtailed as set out above, every presume that Continental consumers have required a smaller
decline in cotton became a disturbing influence difficult to production of goods by home spinners, and that the situation
contend against. As is well known, with cotton thus situ- is not as satisfactory as it was a year ago.
ated the spinner is all the time throwing goods on the market
We cannot illustrate these conclusions with regard to Conmade out of raw material bouglit at a higher price than the tinental trade, as we have been unable to obtain late Contiselling price on the day the goods are offered no one will fail nental foreign trade returns.
Great Britain's o.'Bcial reports
to see the added embarrassments this fact introduces. Of to the most recent dates issued are, however, b^-fure us.
We
course when the manufacturer U under contract he avoids have already given the figures showing a loss in exports
that peril it is to be noted, however, that contract business from the United Kingdom to the Continent.
Great
among spinners must be at a minimum when not only the mar- Britain's trade returns also disclose very clearly the
;
;
,
;
;
;
;
;
;
;
THE CHKONICLE.
402
the China
unsatisfactoiy shape of
and India trade since
the collapse of the 1890 Bpeculation in silver. The
was
ence of the legislation which produced that speculation
of 1889, as soon as
felt and began to be discounted in the fall
ihe substance of the recommendation in Secretary Windom's
influ-
bullioa.
report leaked out about increasing the purchases of
the ason
public
made
was
report
that
when
Consequently,
sembling of Congress in December of that year and the disthe
cussion in Congress opened, it at once became evident to
world that the United States was about to "do something" for
The "boom" Btruck Great Britain's spinning indu'?try
in January 1890 from that date, judging from the exports to
flilver.
[Vol. LV.
on the other hand the decline in silver has put the inaustrial
and financial interests of India and China in no little peril, if
we may
believe the accounts received.
Consequently as
Great Britain's trade is largely, and Continental trade in considerable measure, dependent upon the conditions i^revailing
in those countries, it is more than usually difficult to forecast
the future.
We
now add our usual tables of consumption and supply of
cotton throughout the world. These figures are not the takings of the mills, but the actual consumption of the mills, aiid
are in all cases expressed in bales of iOO pounds.
;
increased in energy, at first slowly, but thereafter
more rapidly, reaching its greatest efficiency from July to
September 1890 from that point it rapidly subsided, the trade
figures for the quarter from April to June 1891 marking its
utter collapse. This fluctuating movement in the spsculation
the East,
it
;
by the following statement. The
is made
.compilation begins with the exports in January, 189), and in
clearly apparent
eludes in one total the quarterly aggregates of exports to India, China and Japan for the next five quarters and in a following total similar figures for the succeeding five quarters.
Great Britain's
Piece Goods.
Exports to India, China and Japan.
719,805,000 yards.
Jan. to March 1890
715,682,000 yards.
April to June 1890
759,486,000 yards.
July to Sept. 1890
728,252,000 yards.
704.220,000 yards.
Oct. to Dec. 1890
Jan
to
March
1891
Total 15 moa., Jan. 1890 to
April to June 1891
July to Sept. 1891
Oct. to Dec. 1891
Jan. to March 1892
April to June 1893
March
1891.. 3,627,445,000 yard?.
608,011,000
684.489,000
719.620,000
749,798,000
610,334,000
yards.
yards.
yards.
yards.
yards.
Bales 40a
rao«.,
Total
Great
lb).
Europe
2,560.0001 1,703,000 4,263,000
I8aft.67
1867-68..
Total
Cantinent.
Britain,
2,.S69.000| 1,730,000 4,089,000
..
2,463,000 l,401,00o|3,836,00()
tfortli.
746,000
894,000
965,000
913.000
2,603,000| 1,584,000^4,247,000
1870-71...
2.805,000, 1,806,000|4,711,000 1,009,000
1871-72
3,015,00o!a,057,000 5,072,00(1 1,108,000
Aver. 6 years. 2,646,000 1,740,000 4,386,000
18T2-7S
1873-74
1874-75
1875-76
1876-77
1877-78
939.000
78,000
85,000
822,000 5,085,000
939,000 5,058,000
88.000 1,053,000 4,979,000
99,000 1,012,000 5,259,000
100,000 1,109,000 5,820,000
132.000 1,240,000 8,312,000
94,000 1,033,000 5,419,000
152.000^1,3 ')9,OOo]6,425,000
3.128,000'2,0a4,000 5,192,000
141,000jl,440,000;6,632,000
159,000 1,328,()00]6,656,000
8,088,000!2,240,00fl!5,328,000
1 '.9,000
2,403,000 5,579,00('
3,183,000 2,378,000 5,581,001'
3,038,000 2,508,000 5,547,00"
3, 176,00<J
,
World.
3,084,000! 2,032,000 5,1 16,000
,
1
Aver. 6 years. 3,116,000 2,271,000 5,387,000
1878-79
1879-80
1880-81
1881-82
18S2.S3
Total
South.
U.S.
1889-70
!
1
.50.3,000 7.083,000
1
161.000'l,57»,i)OiV7,140,000
167,000 1,725,000:7,272,000
1,321,00(1
2,813,000 2,596,000;5,439,000 1,615,001
3,350,000 2,750,000|6,1100,00(1 1.779,00(1
,538,00fi 1,884,00(1
3,573,000 2,956,000|6,;
,838,00fi 1,931,00(1
8,640,000 3,198,0006.6
3,744,000; 8,3S0,(X)07,1124,000 1,993,00(1
157.000 1,481,000 8,868.000
169,000 1,784,000 7.223,000
202.00o!l,981,00o!8,081,000
231,OOul2,H8,000'8.646,000
260,000 a,107.00o|9,035,000
383,001
1,8'>>'.000
2,37a,000| 0,409.000
379.000 2,244,000 9,290,000
Aver. 6 years. 3.469,000 3.043,000 6,512,000 1.845,000
272,000 2,117,000 8.829.000
18S3-84
,046,000
3,888,000 3,880,000 7,C
1
I
1884-85
1SH5-8B
188(1-87
l!«H7-«8
April 1891 to June 1892.. .3,372,252,000 yards.
The two foregoing 15-months' totals furnish a contrast of
Great Britain's exports of cotton piece goods to India, China
Total 15
Vnittd Statet.
Eltrope.
OonaumpUon.
1888-89
1888-90
3,433,000 3,255,000
6, 688,000
1,608.000
3,628,000 3,485,0007,,093,000 1,890,000
3.«94,000 3,640,OOo!7, 334,000 1,972.000
8.841,000 3,796,0no7,,637.0(Ki 2.030.00"
3,770,000 4,069,000 7, 839,000 2.13O.000
4,034,000 4,290,000 8, 324,00) 2,102.000
A.ver. 6 years. 3,733,000 3,753,000 7,488,000 1.955,000
301,000 1,909.000 8,597.000
388.000 2,878,001 9,371,000
451,0m0 2,423.00 U.757.000
600,0'Xl 2,530."(i(i
10187000
65">,000 2,885,000 10524000
630,000 2,731,000 11055000
471,000 2,42l),00O 9,912,000
1890.!)1'
1,233,000 4,534,000,8.7>)7,000 6,262.000 696,000 2.958.00(! U725000
It will be seen that
for the two periods specified.
lb9l-92«
l.080,0004,521,()00 8,804,000 2.500,0(0 7.-0.0OU 3,890,000 U894000
a decrease in the movement for the last period of 225
* Flpires for European Consumption for 1880-91 and 1891-92 will
million yards of cloth or a little over 6 per cent. A similar piol)iiT)ly be oliauged sliK'itly by Mr. Ellison when lie makes up Ills
decline is also reported in the exports of yarn. Thii move- October annual.
ment consequently presents a history in brief of the characThe foregoing illustrates the remarks already made as to the
ter of the results ot our silver legislation on Great Britain's progresaiveness of the cotton indastry. By including India,
trade with silver-using countries.
the actual world's consumption for a series of years would
But lack of space compels us to pass without notice further appear as follows.
-details of Great Britain's exports of cotton goods illustrative of
United
World's ,
Qreal
other influences adverse to England's textile trade which have
Total.
Stales.
India.
Oonsuniptlon.
Briiaiii. Ooniineni
been referred to in above remarks. There is, however, one
262,230 7,485,230
843,000 596,000 784,00i(
general compilation we must not omit, which covers all cotton 1878-79
301,480 8,382,480
350,000 ,750,000 981,00
manufactures exported, a statement kept up in our cotton re- 1879-80
371,400 9,017,400
1880-^1
,.572,000
956,000 118,000
port from month to montli ; it gives results in a very com- 1881-82
389,600 9,424,600
,640,000 ,198,000 ,197,000
and
form
is
therefore
especially
prehensive
instructive if 1882-83
447,400 9,946.400
744,000 380,000 ,375,000
3S0,O0O ,244,0 O
520,700 9,310,700
666,00(
studied in connection with what has been said. We refer to 1883-81
584,800 9,131,800
433,000 ,255,000 ,909,000
the total exports from Great Britain to all countries of cotton 1884-85
630,3011 10,001,300
1885-86
465,000 278,000
,623,000
goods and cottoa yam, reJuced by us to pounds for more
711,800 10,468,800
1886-87
,694,0003. 640,000 423.000
perfect comparigou. We give the results here only by quar- 1887-88
771,670 10,938,670
841,000 796,000 ,530 1(1
ters, the statement by months (both in pounds and in piece 1888-89
870,880 11,394,380
,770,000 069,000 ,685.000
988,293 12,043,293
,034,000 ,290,000 ,731,000
goods and yarn) appearing in our cotton report generally the 18S9-90
1890-91
233,000 ,528,000 ,95S,00O 1,1. .5,32- 12,874,328
third Saturday of eajh montli. Three ciphers are omitted.
and Japan
there
is
Great Britain's
Cotton Goods Exports.
Ist quarter, Oct. -Dec
2d quarter, Jan. -March.
1891-92.
1890-91.
1889-90.
1891-92
.080.000
,524,000
,290,0(10 * 1,300,000 13,194,000
1888-89.
Note.—Th» above does not iaclude Araeriran cotton con.sumed in
Founds. Pounds. Pounds. Pounds.
* Estimut*d.
Canada, iu Mexico, and burnt.
310,398
333,002
293,729
308,750
There is still another general table, which we have compiled
325,505
313,087
306,745
308,250
275,890
3d quarter, April-June.
287,975
318,220
283,752 of late years, needed in connection with the foregoing to
*285,000
4th quarter, July-Sept.
313,801
327,161
292,874 complete the proportions of this industry. It discloses Europe
and America's cotton supply, and the sources of it. The
Total for the season.
.1,197,293 1,237,865 1,245,855 1,193,626
special points we have sought to illustrate by the statements
'Estimated on the basis or tbeJuly movement.
are, first, the relative contribution to the world's raw material
It will be noticpd that the results for the last season show
by the United States and by other sources, and, second, to folthat the expoits nave got back approximately to the experts
low its distribution.
iot the year before tlje late expansion began. That is to say,
WORLD'S SCfPLY AND DISTBIBDTION OF COTTON.
the total ftr 1891-92 doe.- not differ materially from 1888-89.
This closes our review of the conditions prevailing in Europe
Cropt.
Balance of year'ssupply.
Ibt<Jl
during the pa>.t yesir. In opening these remarks we stated
and
Actual
End of Year.
Invisible
Supplv
Con.
Burnt,
Total
that there was a fair jirospect of a change for the better in
United
Invisi'
beQln'tlQ
of Other
sumpt'n.
Sec.
Crop.
Visible
States.
some of the adverse influences enumerated. Chief among
Countr's
ble.
of year.
these more hopeful conditions we may mention the greatly
1^88-67. 2.349.000 2,230,000 2,178,000 4,408,000 5.085,000 l,400,00uj 219,000 58.000
improved ciops in Europe, which presumably, other things 1S87-08. 1,019,0110 2,718,000 3,107,000 4,825,000 5,03.-(.00(l 1,280,00(1 58,001): 48,000
60.000^ 2i;0.000 55,000
t)eing e^ual, will enlarge the consumption of manufactures as 1388-69. 1,338,000 2,653,000 2,5IH.000 5,216,000 4,979,000
1869-70. 1,520,000';s,431,000 2.113,000 6,514,000 5,269.000 1,350.000 37.J.0OO 80,000
the season progresses. Then again the reviving trade and 1870-71. 1,725,000 4,733,00ol2,025,000 6,758,000 5,820,000 1,896.000 sa2.000 85.000
more active demand for goods in America, if not checked, 1871-72. 2,578,01)0 8,841,000 3,038,000 8,277,000 6,312,000 1,785,000 808,1100 90,000
58.00
•ought to prove a source of benefit to the English spinner. But Aver'ge
3.167.0002.337.000 5,604,000 5,419.000
.
.
.
.
.
.
.
l,-.i
SBPTEMDEn
10,
THK CHRONICLE.
1603.]
YbMt
Cropt,
rnoMMa CniUd
of otiitr
Statn.
1878-TO. «,4KI.00«i l.W«,000 S.1W3.000
l»73-74. 8,aa0.00ll 1.8B7.000 ».3»0.000
1878-70.
18TS-77.
1877-78.
Xnd
ToUl
AetutU
Pon-
Crop.
irumpt'n.
VisUM.
•uf'|/:i/.
of Ytar.
Bumf,
itc.i
hit.
\Countr'a
of u«w,
1874-73.
D'llanre of ytar't
Total
and
8.806,000 e.«<9,000 ,801.000
0,017,000 e,83*,000 1,68«,0«0
8,838,000 0,688,000 1,610,000
7,180.000 7.09J,000 1,733.000
74.000
80.000
790,110(1
843,000
708,000
IJ.IW3.00«1».»16.0QO kaoe.OOO
614,000
a,3»4.n(IO (S.171,000 S.018,000
648,000
6,8:10.000
t.
318.000
7,140,000
«.:Mn.0OO 4,Uii;),0(>0 1.897.000
l,8ai.OOo|6.-«a8.000 l.flOB. OOO 6.981.000 7,379,000 1.914,000 896,000
ATot'go
jilrrT.ooo 2.<mfioo
'
187S-7B. 1, 810.000 8,«37.000
1878-80. 1,2<17.000' 8.880.000
18H0-8I. 1.8H,(K)0 7,ai»,000
1881-*.'. j.iiw.imi) «.o;:mk)o
70.000
83,0(10
73,000
80.000
"77,000
0,793,000 6,868,000
1,398.000
7,0(13,000 7,993,000 1,068,000
1,8»1,000
8,480,000 8,081,000 1,409,000
9,338,000 8,646,000 1,099,000
8,588.000|9.033.000 1,302,000
199.000
49.000
946,000
88,000
88.0(10
90.000
284.000 100,000
190.000
i88«-»i. i.mn.Diio «.iios,ooo 9,880.000 10,408,000 0.490,000 1,704,000 701,000
1883-84. hl,406,0nil rt.4»8.<J00 9,434,000 8,9L«,000|9,990,000 1,808,000 434,000 93.000
1,887,000
9,610,000
403
Impulse to trade. Tho wonder is that tho cropH have not
been felt sooner, and had a wider influence. But that they
have now become an active force in tho dry goods market
The reader must not ansmno from what
to clearly apparent.
has been said above that wo anticipate Great Britain wOl
in this matter follow our load, Tlio financial derangement
existing here growing out of our currency uncertainty, and
preventing as it does the natural movement of capital
between the two countries, may very likely interfere with
the action of tliis commercial influence. Indeed we are not
at all sure that a free movement of capital from Europe
to America is not an essential of this community of intcresfa
which makes trade revival in our new and undeveloped territory an impulse to trade revival in older and more highly
developed lands we might perhaps find an illustration of thi«
suggestion in the course of affairs in 1888-89 and since then
But we pass that thought aa it lies ouf»ide of our present
;
Anr'gel
90,000
8,799,000 8,ea»,ooo
lV?iI,000,3,071.000
90.000
ss.ooo
t884-aS. 1,039.000 rt,420.000 2,007,000
1888-88. l.BTO.O >0 7,«80,00o|a,l0l),000
419,000
18SIV-87.
893,000 130,000
649,000 1 80.000
897,000 120,000
294.000 115000
8,497,000 8,697,000 1,930.000
9.38l>,000 9,371 ,000 1,910,000
9,998,000 0,757,000 1,948,000
JJOD.cWO 7,l50.000|«,478.00l)
"i
1887-88. I.841,0O(' •'.O'W.OOO 9,IOJ,000 10.100,000 10167000 966,000
909,000
1888-8e. l.«U,<>00 ^.079.000 9.S'50,000 10,429,000 10891000
1888-W. 1.499,00(1 S,5a5,n00 a,580.000 11,108,000 n058O0( 1.140.000
lf)S0-91. 1.484,000 10170000 a,4«s.ooo I9,«l.<,or>0
180I.IK!
<.ao7,noo IO.UB 00'9.<80.0.W
117,000
0.933,000 9,919,000
,1159,000 a,aow,ooj
ATSr'go
890.0011
19.tilCT,00()
1
172300!; 1,709,000
IISMOOO
801.00(1 120,000
a.BOO.nOQI 468.0(0 HO.00.1
and the
illastmtn tlie nrno-dlu; take the last season, 1891-9i,
imultia would Ira as CoUows
To
9,907.000
At»aiv— visible and
ToUl
or.ji>
Invisible stock beslnalnit of ra*r
diirinu jear
ToiaI supply -bHlas of 400
IN•tri^utlon— 'rotul (>>iiiutnptlon
Uarnt. ic, durlcut year
U^hS.ikK)
lS,lO;i.uoo
lbs.
11,8>1,(X>0
140,000-19,031.000
IiSaTinKTlslblostook
... 2,600,000
468,000
LeiVinj invl»lbltf slook
Tutal visible and Invisible stocks at end of rear.
_
3,u<!8.ouu
. .
This oolu'jin povers rotton exported to countries not ooveroil hy 0.^nres of vousumptlon, and cotton biu-nt in U. 8., on sea, and in Europe.
I
Below we give our usu.il compilation showing the prices at
Liverpool of cotton, twist and shirtings for two years.
5 »
i| t|
Uttrpool.
:s5
It.
Sept. 30...
Oct. 31...
Mot. 30...
413,c
4»8
*'l«
15'-
d.
7'is
708
t-?
51
d.
d.
H
5Vt
."5^
8
.SI4
5»i«
5>I»
3^
7-<8
7S348 6 47,,
Deo.31....
Jan, 31....
Feb. 28....
I'lft
7Vl
*\<l
7
311,6
ti»g
Dtc-Ftb
.
{34^s 011,2
Moh.31...
3018
6%
April 30...
:<'«
O'fl
May3l....
4>8
5S
».
Average—
atpU-NoT. ^4»8
Average—
Cheaper in lH91-f>1
1890-91.
1891-92.
H
8
5
2^
1\
gw
5^
53,e
aii«
4
'8
1J07,
5lj4
5 7
47g
1 8
f
5
CO
i 1
d.
,.
d.
8»„ 6 »^
dh* 6 »^
81s
81»S4
8>«
9%
6 9%
6 9%
9
a U
8'24 6 8I4
ftifl
(S
79l« 6
7l»,s ({
5
4
V»,s «
4
1^ "^
il.
a.
d.
lis
H
"le
m
4i«
4I3
6I9
't
<t.
"i.
1»16
a
8
3
I'le
51a
1
IH
714
1
IHi
714
1%
8%
l^ia
li,«
17,.,
lOis
J»16
's
»8
!«,.,
6I4
%
5I9
T-Jg
10
purpose.
As said above, the cotton-spinning industry of the UniteJ
States has once more assumed a promising condition, the outlook at the close of 1891-93 encouraging the expectation of a
good business during the coming twelve months. This applie*
to the several departments of the trade in varying degrees, butwith hardly an exception. At the same time we must add
that present surroundings are to be understood as by no means
typical of the situation durini? the whole of the past season ;
they have existed in their full measure only in the closing
months of the old year, leaving room for but a brief retrospect
before reaching a very different state of affairs. A year ngo,
it will be remembered, the situation of the goods trade was far
from favorable. Even the previous year 1889-90 develope 1 as
it progressed quite checkered results, so that the unsatisfactory
conditions of 1890-91 dated from the star; then tootht^y went
from bad to worse until very near the close, when, as slated in
this review last September, a slightly better turn to tlic market
for goods was to be noted. Fortunately the season of 1891-93
opened on a peculiarly favorable crop situation. Such surpluses of food products we never raised before and the moderate revival in the demand for manufactures referred to a year
ago was the first evidence of this new influence.
But the best results from our splendid crops did not appear
;
by any means as quickly as was anticipated.
The reasons for
the slower development, at least so far as the cotton g(X)ds trad»
is concerned, are evident. Summarizing them in a few words,
we would say that the distribution of goods dragged becauseconsumption did not increase fast enough to absorb the larger
product of our mills readily, although there were special
reaBons, growing out of the condition of the market for the
material, why a more than usually active demand for
was needftil to keep the prices of the manufa(3tured
goods
A verage — |34>,8 6»,8 91,» 41»24 7 'is 6 4l» lOie "hi
714
Consumption developed somewhat in
article remunerative.
Uar.—ltay
I3
6
Ol3ie 5 91s 4»1«
June 30... 4
where the surplus brea(istuff8 were7»is 6 3ifl
Northwest
»i«
West
and
the
6i9
=%
".«
7l,s « 314
July 31... *^u 0\ 5 8\
•41
l"!. 11
grown, but was straitened elsewhere,
4ilu 73,8 8 4
August 31. 31!?. 6S 5 5
AverageA general influence adverse to an enlarged capacity for ak629j8 5 7\ 4»1€
73] 8
»18
Tia
7»o
37i.
June—Aug i*
sorbing manufactures has been not only an absolute stoppage
* Dearer.
to tho inflow but also an actual outflow of foreign capitail
United States.— Trade in the United States has always to and from this country. What a blight to our industries
been conspicuous for a degree of independence of general and therefore what a check to the consumption of aliL
trade conditions in Europe. Of course with the quickened kinds of goods, even the stoppage in the flow of foreiga
communications of later years financial relations have become capital to the United States is, the reader may gather from
of so close a nature that in a sense the world is now one, the studying the growth of any new Western city or State. Witt*
influences operating at any time in Europe seldom failing to the light thus gained it will be easy to judge how long such &
affect affairs in this country in a greater or leas measure. But State or city would have required for its development had it
we have reference rather to trade matters, distinct and separ- been forced to depend upon its own resources wholly.
ate from financial derangements. In such cases depression in wrote on that subject a few weeks since and consequently
Europe does not mean depression here. On the contrary if there is no need to enlarge upon it here. It may be worttv
such depression is met by activity in commercial circles in the while however to add (though no doubt obvious to everjr
United States tho latter is much more apt to act on than to be reader) that tbe more rapid the development of a State the
acted upon by Europe. For instance Great Britain scarcely more rapid is the growth of its inhabitants in wealth, and
ever fails to respond to a revival of business in the United accordingly in the capacity of the new community to coaStates it was so in 1879-80 it was so again in ISS.'S-SO and sumc goods. On the oth<-r hand it is equally obvious ihat tb«
still again, though less marked, in 1887-88,
ountry must coniii\ct to ai
wilhdiawalof capital fiiiu n
Tliis suggestion is pertinent to-day because, so far as the greater or 1( ss extent iis •
cing power and contract
cotton-spinning industry is concerned, our trade is ob%'iously correi-pondingly its c:i|i;.
pirchase of t'Upplies^
expanding once more after a brief set-back, wliile in Great Tlieee truths are sflf-eviJ
u'.ed for repealing them
Britiiin, as we have already shown, it is contracting in appears to be urgent.
common with the general tone and conditions prevailing
Another influence tendin.: lo impede ovinsuniplion has beeoi
there. The reasons for tliis difference are as obvious as th« tho low price of cotton tliroughoiii the year. Tlie South<
difference itself ig. We liave already discussed the situation gathered an immense crop but the increased yield was far
iu Europe. In the United States the great industrial fact is from general indeed there wan a dtcrease over a vtry considthat we have had good crops and good crops .ilways give an erable 8(ciiun.
Be^idee, even whvte tbe crop increaaed
i «%
Ol-i« JlOis
4^
4%
raw
.i
•5
W»
;
;
;
—
THE CHRONICI.E.
404
largely the labor expense, especially in picking,
than for the previous crop.
And
yet,
if
•[Vol. LV.
was more months of the past season it seems
reversed. At least this is true
the Oorernment figures of the exports of raw cotton for the
twelve months ending June 30, the average price received for
the year's product was nearly 1)4 cents per pound below
Of course it does not require much of a mathemalast year's.
tician to discover from these data a need in the less productive
as
if
almost every condition
— that to-day consumption
we may judge from was
is
actually outstripping production, for not only have the stocks
of goods which were in some cases accumulating disappeared,
but manufacturers as a rule are working with orders far
ahead. Furthermore the future outlook is said to be unusually promising.
We think we have not received a single letter
in reply to the many we have sent out to agents and manuin
means
which
economy,
strict
for
states
portions of the cotton
other words a material loss in the consuming capacity of such facturers that does not express the anticipation of a good year's
business. This transformation though so great is easily exaections. Then in addition to those States the Pacific States have
at the same time been in a somewhat similar plight. The plained. Our populitionis increasing rapidly, and we have
these
disease in this latter instance has been called an excess of been economizing more or less for two years now
apeculation, followed by partial and local crop failures and conditions when applied to 65 millions of people, very few of
consequent enforced rest. We are inclined to take a little whom are poor, naturally lead to a greatly enlarged need for
different view. No doubt a set-back in speculative move- cotton goods, an article which is used by everybody. Now
ments has had a part in the depression because speculation in add to that an abundant crop year (so abundant that three sorts
real estate is everywhere in progress all over this rapidly- of grain aggregated 8J^ thousand million of bushels, the mardeveloping land, and if arrested in that pre-eminently rich keting of the surplus wheat and corn of 1891 being still
*nd productive section the reaction would be the severer in process), while another crop of great promise too is just
because values have in the past advanced so rapidly. But the in sight, and also the further fact that the cotton market
reason for the set-back is, we believe, not excessive specula- recovered its tone and the staple advanced in price,
tion but a pause in progress, proceeding from the same check putting all these participating agencies together, and it seems to
in the flow of capital already referred to, and which has been us quite natural that the goods market should have gotten out
To be sure the
felt most severely in the less developed sections of the country of its low estate and become active again.
where capital has heretofore been pouring in so rapidly, and currency question is still unsettled and will of course remain
For that reason no one can count
a disturbing influence.
where the future is still so full of promise.
But in addition to these general influences affectin? con- with confidence upon any certain length to this impulse in
sumption, two matters have operated to aggravate the situa- consumption.
No market has been more interesting the past season than
tion of manufacturers, delaying revival and in some cases
giving the movement a set-back after the better start which the market for print cloths. It has been interesting not only
distinguished the opening of the season. One circumstance as a study by itself, but also as an illustration of the course of
greatly prejudicial to manufacturers' interests was the de- a very considerable portion of the spinning industry. During
clining price of cotton under constantly increasing estimates recent years that department of the goods trade has experiof, the crop.
This point has been developed in speaking enced several notable changes from prosperity to adversity
of European spinners. In the United States the effect of the and back again to prosperity. In our review twelve months
lower price was in]one particular a little different. That is to ago we gave a brief outline of these fluctuations. The last
«ay not so much cotton was bought by our mills during the cycle of unfavorable conditions began more than three years
•early declines as was in Europe, and more was bought here ago.
It was in September 1889 we remarked that although
when prices were at their lowest. This difference very likely the print cloth mills had done well during the season then just
arose from the fact that manufacturers in the United States closing, near the end of that twelve months prices had begun to
suffered the previous season from stocking up. For it will be show a narrower margin and there were evidences that proremembered that the year 1890-91 opened with the quotation duction was not being absorbed quite as readily as theretofore.
for the raw material high and that thereafter there was a The next two years from September 1889 to September 1891
steady fall, so that those who laid in'cotton lost, and those who the adverse conditions continued to develop, the spinning
bought from hand to mouth made the most money. Besides, capacity of the cloth mills having in that period increased
during the first few months of the current season goods did until at the later date it was most obvious that the expansion
not go off with that zest and spirit which encouraged large had been overdone. Indeed on the 26th of August 1891 the
buying of cotton. Hence our spinners had no incentive for price of 64x61s declined to 2^ cents and of 56x00s to 2^ cents,
making excessive purcha8«s and consequently the most of while low middling cotton ruled at 1% cents. Evidently
them escaped the embarrassment of holding heavy blocks of there was" no money in cloths at those prices and manthe staple taken in at higher prices than ruled later on. Dur- ufacturers began to talk ot reducing wages. Under a reported
ing those early months also, not only were sales slow but intention of that nature and the belief that the operatives
«fforts to market goods at remunerative prices were disappoint- would meet the reduction by a strike, an active demand
ing to the distributer, for the consumers of goods held off, as for cloths sprung up and on the 14th of September 1891 64x64s
they always do at such a time, to obtain a discount equaling were quoted at 3 cents, with low middling cotton at 8 1-16
the latest decline in the raw material.
cents
stocks of cloths on hand, which on August 8 1891
These features of slow sales and depressed prices of goods had been reported at 941,000 pieces, had on September 18
was the more damaging to spinners because the aim of buyers been reduced to 518,000 pieces. The force of this spurt was
of their products always to get the benefit of the latest decline not lost for weeks in fact the market has never got back
to
in cotton was aided by an increased production of goods in the position it
held the early part of August 1891. A dull
several departments. The old season, to be sure, closed with heavy turn
occurred, however, in October, when prices became
curtailed production but that policy did not last long after somewhat nominal
and so continued, until finally about the
the new year opened. Then too there were many new spindles first of November there was
a fractional decline which was
set agoing in the early months of this year, the addition hav- not
recovered until the second week of December. But since
ing been in progress of setting up during the previous year or the latter
date, and especially since the new year opened, the
longer. Indeed there has been no year for some time during
market has been in good shape, growing stronger as the year
which BO many additional spindles have been started in the progressed and closing
on August 3 Ist with 64x64s at 3 1^ cents
North as during the last twelve months. We make the addi- with low middling
cotton at 6 11-16 cents, and no stocks on
tion running as the year closes in the North 350,000 spindles,
hand at all, makers being largely engaged ahead.
•which with the development at the same time in the South
No less surprising than the course of affairs in the print
(described more fully later on in this report) brings the new
cloth market has been the market for Southern goods and for
pindleB set in operation in 1891-92 up to nearly 500,000.
That those goods produced at the North with which Southern makes
is a very large addition and represents a very
large increase come in competition. The new impulse for these products
in the production of goods.
was not felt so early on account of the very low price of cotWe have made mention of these various hindrances to the ton,
which compellei great economy in the South, especially
activity of our spinning industry n^>t alone to
complete this in those sections \yhere the crop was als ) short. But latterly,
record and enforce the lessons that it teaches,
but also, and since the decline in the values of the staple has stopped and
perhaps mainly, by way of contrast to disclose better
than we there has been a turn upwards again, a batter feehng prevails.
could by any other method the more importaat
point in this This though would not of itself have worked the cljange noted
'^ "^^ present situation and the radical
change in the goods market. That change could not have been real**i^'Tl*°*^
—i,..,!, u.„ ..!.„_
'*r'
which
has taken
pi^gg
Between the opening and closing ized were it not that,
through measures induced by the unre ;
;
;
;
Sbptkuber
THE CHRONICLE.
10, 1892.]
munerative prices which have prevailed so long for these
tlie mills, the market for sach goods had been
flgum as they stand, the total value will be seen to be about
the same in amount as they were the previoua fiscal year.
products of
for
the
two or three years oorreotiog
lasl
That
Tlie
itself.
measures we refer to are (t) special efforts remarked upon
a year ago towards the cultivation of a more extended
export trade
(3)
;
405
of the
a good record considering the very poor condition
China trade, our exports to tbat country having fallen
is
from 80,984,346 yards in 1890-91 to 63,859,218 yards in 1891-99.
More than all of this loss has been made good by an increase
in the shipments to South America
the aggregate shipments
to all South American ports appear to have reached 45,930,306
yards in 1891-92 against 29,677,558 yards in 1890-91. Such a
statement affords a hopeful outlook it indi(»tei a promising
opening for the development of this trade. The official record
the steady progress in the Soutli in the
production and (3) a gradual but continuous movement in the direction of finer makes of goods,
although tlie South has of course over the North the greater
advantage in heaviest fabrics. This matter of reducing the
;
total production ol the coarser products has been aided also by
a like tendency in the North among spinners who heretofore of the movement for the last five years is as follows.
have )>een turning out fabrics of the coarser sort.
Tear JCtuUnt June SO—
Tliere has been no change in the matter of adding new
Expvrttot Cotton
Mannfaeturu.
spindles in the South. Tbat is to say the work has gone on
18M.
1801.
isao.
18RS.
1888.
without interruption. We give below our yearly compilation
Colored Ooods
Tda. 40,816,460 39.027.682 42.809,770! 41,557.455 54.446,936
condition
the
and
development
with reference to
of the SouthDo
Valw. 13,484,360 12.591,819
J2,925,:i7M t t,r,Vi.91i
Tds. I43,»38,H71 135.518.590 79.716,490j 78,990,736 116,7e6,«7»
am cotton-manufacturing industry, prepared after the usual Uncoloredcoodt..
Do
Voltw. $8,073,663 tV,276.437 $9,480,403' 15,537,386 $7313,947
gathering of information made by us every August. This other man'f's of.. Volus. 12,068,254 «l,e04,811 $1,632,439 $1,749,656
$1,677,«
annual census-taking we began six years ago, and now add Total eotton manutaothe results for 1891-92. During the past month we have obtnret exported Value. (13,22!6,277 113,472,857 18.999.877 $10,813,430 $18,018,109
tained not only returns as to the actual consumption of cotton
A similar exhibit covering India's shipments we have given
in bales and pounds during the twelve months ending August for several seasons, by way of comparison. It should be
1 1892, but have alas obtained full details of spindles added,
remembered that if we were to go back to 1876, India's total
working and idle, for the same twelve months, as well as new would be very small, the value having been for that year only
mills built and old mills stopped. It seems from the returns £668,000, or say less than 3>^ million dollars, while that of the
made to us that there have been 21 old mills running 30,000 United States for the same year was |7,733,978. For the last
spindles stopped, 83 new mills running 72,000 spindles started, six years the record has been as below.
and 3 old mills consolidated, making a net addition of 10 new
1801-92.
1890-91.
Cotton.
1889-90.
188&«>.
1887-88.
1886.87.
mills running 43,000 spindles during the year. Furthermore
£
£
£
£
£
£
the total new spindles added this year is 146,869 net and conTwist & yarns 6,771,033 6,543,364 5,748,732 5.207,099 4,077,386 3,336,860
sequently 104,869 of these spindles have been an increase in the Manufactures 1,284,002 1,159,275 1,005,011 1,167,464 1,150,548
945,644
spinning capacity of old mills. The aggregates of our detailed
Total...
7,035.03o 7,702,639
6,753,743
6,374,583
5,227,928
4,282,504
returns arranged by States are as follows. It should be rePf~ The offlcla! fl^ures are Riven in rupees, and we turn them into pounda
sterlins on the basis of ten rupees to a pound. That, of course, does not make
membered that theee figures include (1) mills in operation all allowauce for the depreciation of the rupee, bat under tha circumstances it
this year and (.2) also a few mills which have been in operation probably mtikes the oomparlson as nearly correct as it can be made In values.
The above presents a steady and rapid development in this
this year but have stopped temporarily and expect to start up
branch of the cotton industry in India up to 1891-92, but in
again in 1892-93.
the late year, as will be seen, there was a falling off.
J?umi«r 0/
Coniumptton.
We have now brought together the leading facts and features
Ko. 0/
Averatt
Av'rage
Stata.
JTUIa.
of the goods trade North and South during 1891-93. The
Xo. Tarn.
SptmUM Loonu.
Bala.
obvious inference they leave is that the conditions have been
461-30 11,843,190
18
9S.B32
2,761
16
25,240
VirelnU
improving as the year has progressed, and as it closes the out47S.7S3
493-92
lis
8.846
Carolina
16
181,062
Mo.
73,104,808
47
4«7,82S 11,486
4B6-08 89,983,916 look for the cotton mamufacturer is unusually promisingt
.-Bo. Carollaa...
14 7-10
183,626
Qeorgla
49S,M4 9,784
67
UH 178,944 465-39 83.277,791 Indeed were it not for the uncert-ainty which our wretched
Florida
currency situation imparts to every industry, we should with471-28 18,714,097
Alabama.
SO
109,448
1,914
U
39,709
463-42
MlaMulppi....
r
Bi.tas
1,282
15
15.122
7.007,580
out hesitancy announce that the coming twelve months had
478-33
Louisiana
BU,400
1,436
4
16
15.037
7,216,669
in store for us the best years' goods trade tbat we have enTexas.
2».632
964
«
4;7-ii6
9,164
4,373,680
16K
joyed for many years, that result appearing to be so positively
Arkansas
8,700
80
484-03
S
8
1,537
727,133
Tennessee
101.S34
1,S88
486-54 15,719,829
sa
83,759
13M
assured. As it is we simply give the facts and the promise
Missouri
7,000
160
482-00
I
17
8,783
1,823.106
leaving the event to tell the story of the future.
Kentncky
B
48.200
463-45
89
14,419
lOM
9,682.485
effort to diversify
;
;
.
.
ToUl. 1881-63.
SftS
1,93»>,521
40.608
14«
681,471
46.S-56 315.904,289
Total. 1990-91
283
1,796.047
38,611
14 13-16
605,910
459-28 278.256,109
14 3-9| 949,478
497-82 1291,565,411
271
1,624,889
36,524
Total, 1888-89.
SB9
1,344,976
31,435
13H
Total, 1887-88.
333
1,177,901
27,966
13^
Cens.tot.7M0
164
981,360
ia.3!9
mills
to the
number
of spindles in operation
few
it is
to be said
now, practically none except such
as are permanently out of use with reference to the additions
in 1891-93 to the old total in the United States, we find the
number larger than usual. The fact is that more new spindles
were set in motion the past twelve months than in any year
idle
;
Total, 188»«a.
NOTK.- Several
As
that there are very
I
13
486.603
1
455-54 221.6«7,0«7
443,873
452-33 200,468,383
188.748
464
have began operations within the
87,610,889
last
months, increasing the number ot spindles appreoiably without
ing consumption t« any extent.
two
affect-
At the bottom of the above statement a few lines are added
affording a comparisoa with the totals of previous seasons.
Tne number
of spindles in 1891-92 aggregated 245 per cent more
than in 1879-80 and lO"^ per cent more than in 1890-91. It should
A considerable increase ha» been made in the
North as well as in the South, the North having added, as
already stated, 850,000 and the South 146,869 spindles. This is
a noteworthy circumstance in connection with the small stock
of goods now on hand it is a positive indication of the large
extent ot the consumption which has been and now is in
progress for the spindles, as stated, are all in motion and are
finding profitable employment. With this year's changes the
number of spindles in the whole country at the close of 1891-93
and of the previous five years would be as stated in the subjoined table. It should be said in explanation of our compilation of total spindles that this statement represents
all mills, tvhethvr in operation or not (except such as have
been closed through the year with no present intention of
starting up agaiu), whereas the details of Southern mills by
Slates given previously represent only mills in operation in
soaif portion of 1891-93, or about to start up.
since 1888-89.
;
;
be remembered that these returns for the last four years only
represent the spindles in operation, or very temporarily idle
in a subsequent table for the whole country we include those
idle for a year or more, omitting only those that are old and
useless and permanently out of employ.
There is one other branch of this industry we must not
leave unnoticed. We refer to the export of cotton goods, a
department of the trade which is being cultivated and ought
to expand.
Of course the movement from this country is insignificant compared with the corresponding: movement from
Great Britain, and yet these exports forta an extremel.v im5plfuiJC8.
1889-90.
\ea\m.
\«M-n.
188S«8.
1887.S&
188*87.
portant item with some of our Eastern mills and are getting
.Vorth
I-1.873,0i0, 12,W5,000 18.'«9,000 18.785,000] 12.8?^0OC 12,875,000
to be a feature with Southern spinners. Unfortunitely as South
8.002,869'
1,856.000
1,725,000
1,2<9,000
1.450,000
1,«0,000
there is no official record of the railroad movement to Cacada
Total... 15,3;7,'-*-i. ll,7c!l,000 14.950.000 14.178.000 13,929,000 13.500,000
and Mexico, the former of which includes the shipments via
American spianers 010.% the year with large stocks of cotVancouver, they cannot be included in the Customs Hou.w ton. The takings
throu>rh" the year of Northern and Southfigures except imperfectly, if at all. Taking however the ern
spinners have b.en aa given below:
;
1
THE (mHONlCLK
406
bales.
Tot*l crop of tlie United States as belore stated
1891)—
Stock on land oomtnenoement ot year (Sept. 1,
142.160
At Northern ports
86,524-. 22P,684
At southern ports
9,:70,159
Total supply during the year ending Sept. 1, 1892
Of this supply there has been exported
5,864,921
to foreign ports during the year
31,461-5,830,460
liess foreign cotton Included
7fi,881
Bent to Canada direct from West
Burnt North and South*
Bcoek on hand end of year (Sept.
1892)—
284,675
31,861
AtNorthern portf
At Southern ports
116,53';
10,744- e,376,fi56
Total takings by spinners In the United States for the year
2,893,503
ending Sept. 1,1892
681,4 71
Taken by Southern spinners (included In above total)
bales. 2,212,032
Total taki ngs by Northern spinners
•
Burnt Includes not only what his been thns destroyed at the
Northern .•md Southern ouiports, but also all burnt on Northern
railroads ai.d in Northern faetorips. Every fire which has occurred,
either in a mill or on a railroad in the North, during the past yi ar, we
have Investig.tl ed; and where there was cotton lost, have eoughr, and
In almoat every case obtained, a full return of the loss.
AtNortlern
Interior
its
Marketing.
through the outlook in the Atlantic States. As to those
no doubt the anticipations of a somewhat decreased
yield were correct, but the error which was made arose
mainly with reference to Texas and the Mississippi Valley
which more than made good the loss elsewhere. For that
States
extensive section a series of crops in recent years had led to
an opinion of the productiveness of the enlarged acreage
under cotton there which was less than its capacity in a
42.035
1,
The New Crop and
Every one's calculations with regard' to last year's crop
were at fault, because the result was too largely reached
2,768—^^31^45/
in teriormarkets
At Northern
9,038,707
[Vol. LV.
markets
favorable season. That land was some of the most fertile in
the cotton states, and with weather suiting its full development the result astonished everybody.
The question now is, what are we to expect this year? If
we are correct in our explanation of last season's mistake,
that mistake will help to guide the judgment to day. Of
course it is early as yet to come to any precise figures, for this
crop is no doubt a late one. But starting with an acreage of
13 per cent below last year's (the larger portion of which losa
These figures show that the toral takings by spinEsrs North
was in the alluvial lands) and with spring and summer condiand South during 1891-93 have reached 3,893,503 bales, of
tions in the Mississippi Valley less perfect, even granting
which the Northern mills have taken 2,313,033 bales and the
every other surrounding to have eijualed the surroundings
Southern mills 681,471 bales. Our summary of takings and
during the same period of 1891 and certainly we do not know
consumption on the basis of no stocks in the hands of Northern
any portion of the South where they have been better must
spinners on September 1, 1875, reaches the following results.
we not r(?asonably accept the probability of a very material
The width of our columns compels us to omit the results of
It is too early to
falling off in the production during 1893.
the years 1875-76 to and including 1885-86, but they are the
estimate a cotton crop and especially when that crop is late.
same as in previous reports.
One can only at this time make very general suggestions
Takings and ConsumpVn. lR8e-87 I887-S8, 1888-80 1889-90, 1890-91 1891-62, which the reader will heed or not heed according as his observations accord or not with the writer's.
Bulel.
Bales.
Bales.
Bales.
Halts.
Bales
Taken bt)—
1,870.65S 1,787,121 1.780,486 1,792,850 2,^31,625 2,212,032
Northern mills...
bring forward our usual data bearing upon the maturity
897,92» 443,37s
48a,80'
849,478 605,916 8S1,4-1
Southern mills...
First we give the date of receipt of first bales.
of the plant.
Tot. takings from crop 8,077,587 8,380,4»4 2,267,086 2,312,328 2,637,541 2,893,503 This year the first arrival was from Texas on July 11,
But
133,000
mills.
65,408
73,029
21,515
17,865
123,900
Stock held bj
there is very little to be learned from n first arrival— the
2,212,587 2,295,902 2,310,118
Total year's supply.
average of all the first arrivals is somewhat of a guide.
ContumpVn UsHmatedy
—
—
We
KortherD mills
Southern mills
I,749,25fi 1,779,50011,829,000 1,800,000 1,925.000 2,125,000
397,»2li
—
Total consumption
Tot. supply as ubove..
I»t'r
mill st'ks Sept.
443,373
486,603
549,478
603,916
I,J1D,603 2,340,478 2,530,016 2.806,471
3.212,58:
1,340,118 2,366,848 2.654,90(1 .3,017,403
2,295,902
65,408
1
17,3rtb
1892.
1,
Weight in
pounds.
Tear ending September
Av^agt
Number
weight
of bales.
\,
1891.
Weight
Average
ill
pounfls.
weight.
1.198,413
824,484,678
621-08
1.058.841
500,793.950
529-63
TiOnlslana
2,603,861
1.247.344,941
498-29
2,077.744
l,034,fi81,9M
408-07
18S,214,i
296.443
149,267,944
503-53
1,377.343
675,201,085
4;i0-22
W7,568
1,222,591
les.nei
691,844.077
497-87
484-00
228,277.606
486-77
514,488
231,131,883
861,702
206,646
422,673,448
102,134.785
490-Cl
1,025,(;64
503,436,918
48J-12
490-84
49408
1.15S,3:0,7!I0
401-28
257,301
501-36 2,047,694
127.122,1,32
Tean'saee,&e 2,300.542
1,024,584,170
500-38
Total crop 9.038,707
4,508,324.405
4tt8-78!
8.6S5,8i8
4,326,400.04?
499-84
Georgia'.. ,,
8o. Carolina.
Virginia
No. Carolina,
80
Including Florida,
According to the foregoing, the average gross weight per
bale this season was 498-78 lbs., against 499-84 lbs. in 1890-91,
or 1-06 lbs. less than last year. Had, therefore, as many
jiounds been put into each bale as during the previous season
the crop would have aggregated 9,019,500 bales. The relation
of the gross weights this year to previous years may be
seen
from the following comparison :
Crop.
Suuoti of—
Number of BaAa.
1891-92
1800-91
1889-90
1888-89
,
,
]f<87.88
,
1886-87
1985-86
1884-f5
1883-84
1882-03
1881-82
1380-81
187!' SO
1878-79...
1877--8
187(1-77
1675-76
1871-75
;...,
;
1S8J.
1889,
18:0.
1891.
Aug, 21 Aug.22 Aug.22 Aug.23 Aug.20 Aug.25
—
No. Carolina
Charlotte
Sep*. 6
Wilmington... Sept.
So. Carolina
Charleston ..
—
1
.
18H2
AugSl
Aug.25 Aug.26
Aug.2o Aug.21
Sept. 4 Aug.2<i Aug.24 Sep.
Sept. 1 Aug.15 Aug.l.T Aug
Aug.l2 Aug.
7 Aug. S Aug. 13
Aug.31 Juli'-O Aug.31
1
20
8 Aug. 17 Aug.
Newberry
—
Georgia
Aug.l2 Aug. 11 Aug. 3 Aug.l5 Aug. 7 Aug.lO Aug.ll
Aug. 3 Aug.20 Aug. 11 Aug.l7 Aug.ll
Augusta
Average
Weiijhl
Weight,
From Ga
From Fla
Poundt
per Bale
Grittin
Albany
Florifia
. .
Mississippi—
Vicksburg..
Greenville
Little Rock....
Helena
Teyinessee
—
Galveston
Wliere from
3,430,546,794
2,585,686.378
6,580,3-.'9
5,757,.'!97
3,-201,546,730
4,C6»,-J88
3,832.991
2,400,205,5'25
2|,30!<, 1)08,907
2,100,465,086
K,'20 1,4 10,0-24
1,780,934,765
Aug.21 Aug.l4 Aug. 9 Aug,27 Aug.22 Aug. 19
Aug.l7 Aug.22 Aug.28 Aug.23 Aug,26 Sept. 8
1
Texas—
6,435,845
4,485,4'.J3
Sept. 3
Aug, 10 Aug.l5lAug.21 Aug. 9
Aug.24 Aug. 9 Aug.ll Aug.2G Aug.21 Aug.18 Aug.27
Aog.21 Aug,18 Aug.23
Sept, 2
Sept. 2
Memphis
6,992,-.234
2,772,418.480
6 Aug. 8
8 Aug. 7
Aug.l3 Aug.ll
Aug.20
Aug.l8 Aug.lO Aug.ll Aug. 18 Aug. 18 Aug.22 Sep.
Nashville
Where from
Brenham
4,811,-J63
Aug,
Aug.
Aug.
Aug.
Aug. 2 Aug. 2
Aug.lO Aug, 9
Aug.lO Aug. 4
Aug. 7iAug. 7
7 Aug.31
Arkansas—
496 13
5.073,531
..
Columbus
49984
2,7-27,967,317
2,759,047,!P41
Ang,15 Aug.ll July 31
Aug.lG Aug. 5 July 30
Aug.l7 -Vng. 5 Aug.
Aug. 12 Aug. 9 July 31
'2
498-78
3,16.'S,745,08l
8,179.4,'J6,0ia
Aug.ll Aug.l3 Aug. 3 Aug.lO Aug. 6 Aug
6 Aug.l2
6 Aug.l2
Euf aula
Louisiana —
New Orleans—
From Texas. July 27 July Iflljuly 29 July 23 July 2» July 9 July 12.
" Miss. Val. Aug.20 Aug. 2 Aug. 3jAug.l3;Aug. 8 Aug. 12 Aug.24
Shreveport
Aug. 12 Aug, 3 Aug. 9:Aug.20 Aus.13 Aug.l4 Aug.24
Belnia
3,628,5;;0.834
495-66
485-35
486-02
485-40
481-21
482-86
490-62
475-67
485-88
481-55
473-08
480-10
468-28
471-46
468 00
.
Mo1)ile
4,508,324.405
4,326,400,045
3,437,108,499
3,406.06.'*, 167
Aug. 2 Aug. 8 Aug. 5
Aug.ia Aug,20
Jidy 5 July 24
—
Tallahassee
Alabama —
Montgomery
7,313,726
6,935,082
7,017,707
6.513,623
6,550,215
5,669,021
5,714,052
«,6,i5,518
Aug. 5 Aug. 2 Aug. 6 Aug. 1
Aug. 9 Aug.l2 Aug.26
July 2?.
Aug, 9
Aug.21
July 31
Ang.l7
Aug. 1
July 4
.\.ug.27 .^ug.-2l Aug.24 AnK,24
-Vug.lOJuiy 5 July 5 Jidy 3
Columbus
Ho'JSton
9,038,707
Aug. 7 Aug, 6
Aug.l7'Ang.22
Aug.lO Aug,10
Aug,12 Aug,12
.
JIacon
Texas
Alabama
1
Savannah
Tear ending September
of bales.
1887.
Tirginia —
Atlanta
year for comparison:
Number
1886.
Norfolk
123,900
The foregoing leaves stocks in spinners' hands at 310,933 bales
and shows that the United States consumed 3,803,471 bales.
Weight of Balec.
i'he average weight of bales and the gross weight of tlie
crop we have made up as follows for this year and give last
Crop of—
Dale of Ree'Apl of First Bute.
6Sl,471
3,147,179 2,232,873
As an
5
July 23 JiUy 1»
July 16 July 10 July 25 July 24 July 8
DeWitl DeWitl DcWit Duval Duval
July 18 July
j
Bee
SanPat
County County Bee Co.
July 21 July -21 JiUy 6 July 11
DeWitt Dc Witt Ue Witt Fay'ttf Duval Duval
County Couuty County Countv County County
July28l
County County Count.N
(i
July
lit
(^o\mt\
I
indication of maturity the arrivals of
I
new
crop to the
September usually are a much better test. Still thera
are almost always circumstances which hasten or retard the
early movement. This year, howevfr, farly marketing has
been neither hindered nor stimulated, and hence a very fair
idea of the condition of the plant can be gained from the table
be'ow. Receipte have thus far been very much smaller than
first
of
in previous years.
Skptembek
THE CHRONICLE.
1802,1
10,
MKW COTTON TO SKITEMOIR
ABBIVAUI or
407
1.
-1830-Pl.-
<Mmiliitti\ N. C
<'liarli>«t
8. C
»52
3,2.50
'300
*200
301
125
4,012; 9.823 10,334 12.28H 18.148
8,1«8
2,003
<'iillllllll\H,
Minn
MIUH
N.wlivillr.
Trim
VlikHlMir»r.
Total
OSH
314
613
4
26
45
287
1,014
2.500
1,214
(7.200 10,718
6
4,660
602
809
12
7,02fl
l.e.^4
""S9
62
100
82
1.288
.3,511
6.460; 3,750
1.658 1.671
640
3,843 17,38 li 14.686
1.000
6-'8
1
1,705
112
204
160
86
•••••j
136
5
2,739
1.132
1,311
1,821
12
800
843
•.VK)
«!0U
*.'i(K)
'406 1,700
4,666
2
325
303
14
3
118
6
34
101
18
22
8
....„
17
Tcxua
I
no
i:ntliiint«'il;
Nourly
all
tliii
2,000—19,003
27.100
26,»3t
Receipts at Charleston... 8.507
Keoclpts at Beaufort, Ac. 2,994—11,501
Deauel—
Beoelpta from Florida, Ao.
88—
Sea Island crop of 8.C.
Total Bill loliind crop of
the United Htatiis
The
13,486
2,976—
16,267
now
Supply year ending
Seiil. 1,
1892.
Btoek
Of tehUk
ri'ci'ivcd
came
t>y
Morgan's Louisiana
new wo have no means
as
liilleil
A
of tlnding
U a close Mtimate.
Qeorxia
Florida
<te.
tables
6,3'
.
Now York
ture, giving also the fluctuations in cotton in
during the same period.
comparison of this kind affords additional guide to a judgment as to the relative condition and the
tendency of the goods trade
A
:
Year Ending with Augutt 311891-92.
5I
^
.2
fc
i
3
?
1890-91.
a
R
-a
•531
- «
S
•a
5 ^
5
a
Oct...
Nov..
7''8
Dm..
7»8
Jan.
Feb.
Mar..
Apr.
7!l«
May.
-June
July
Auft..
1
\
T'n
8>8
-flept.
I
7
7
6\
B\
6\
7
6^ 6^
6>4
6\
6"i. 6\
7'i« 6\
6lB,e 61*
7i|« 6M
7«4
7'«
Cte.
CIS.
IH
7
3-31 ll'lB
3-31 10118
7>4
714 TJ4
7>4 !7>4
3'OOj 9IS,e| 7>4
I
1
IH 3-88; S^S
7H 301 8% 7^
7'« 313 81'u 7^
7U 306 8'B 7>4
7>4
3-06
7^
7^
311. S'le
7
3-25;
3-38:
7
3-.50l
|7»4
I?
7'« 17
7>« I7
7
8'4
|7
7"l6 7
77
Clt.
CU.
IH
3-73
3-63
3-58
714
714
714
300 031 714
300 lO'is 714
300 lOlSi, 7'«
2-97 1016,, 714
2-94 H»16 714
2-91 I21|g 714
£-91 11»„ 714
2-88 llHy 714
I
91^
2-94|
7
331 0''8
313 9%
3-54
3-50
3-25
3-38
3-40
3-38
3-31
will further help to illustrate the condition of
the manufacturer during 1892:
1881.
1892.
Peyperen
R
I.
Sept.
1,
Jan. I,
Sept.l.
line sheetlnfrs \
Waiasntta 4-4
Skirting prints
6M
S!4 net.
1.
BKnet. Sept.
1,
Jan.
1,
6«
1,
Sept.
1,
6)4
Sept.
1,
lOM
lOM
Jan.
1,
Sept.
1.
Jan.
1.
Sept.
1.
6K
5M
Jan.
t.
Jan.
Sept.
1.
<
Jan.
1.
Sept.
1,
The following
Jan,
Sept.
1.
1,
BM
BH
net.
6
Jan. I.IOM
Jan. I.IOH
Sept.
1.
lOii
Sept.
I.
lOH
8N
Jan.
1.
8H
Jan.
1.
81^
e
Sept.
1.
B«
Sept.
1,
Jan.
1.
Jan.
1.
5
Sept.
1,
1,
«W
1.
e
Sept.
1.
a
Jan.
Sept.
1,
6W
Jan. 1, «Nnet. Jan.
Sept. 1, 4Mnet Sept.
1,
454
Jan.
1
4
Sept.
1.
iH
<
{
net.
net. Sept.
KOTB.—Goods not marked " net" subject
on faney prints and 5 per cent on others.
1.
1.
to a discount of
1H9I-U3
ISUK-91
ISSIMIO
1888-89
1887-88
188*^*7
Flori-
Oeor-
da.
tta.
20,«2s
25, 2C
2.'>.lli
l;;.4.fl
7.4'12
.
..
80.1)9 i
24.272
1881-8:2
..
1880-81
..
2l,H4i
IM.llO
13.31N
13.7-8
14.073
I'i,054
11.7.KI
18W-77..
11,214
I8T5-76 ..
1874-75
187S-74 ..
1879-78..
1871-72 ..
1870-71
8,1150
8.313
8.825
10.764
1868-09..
1807-68 ..
1866-67..
1865-66 ..
..
6,254
6.411
6.390
8,075
2,»5«
3.1a8
B.OIM
3.179
3,420
2,052
3,«0«
1,8«U
1,213
1,110
1,4(W
1,269
24,llt(7
18T»-80..
1878-79..
1817-78 ..
5,824
l.!567
8,753
B.948
6.703
10.40a
11.812
2.428
4,9;m
9.225
6371
6.296
10.015
10,957
Bhlpments to Livi'rpool
direct from Florida. .....
S«t.S«« Island cropof Fla.
7.900
6.•^,^l^
34,29:t
9.2gG
9,532
8.564
46,«4I
25,l«4
21,245
l\«l)5
25.218
43,90:'
39,571
45,137
7,785
7.010
12,863
87,672
40.92B
....; 23.444
29, 38,924
in 38,552
»i
38.442
28,704
H.4I5
15,715
10,M2
14,843
9,98«
7,I3S
'
24.915
2
22,»8;5
6.44!:
811
24,S2i
4.911
4.756
211
17,H2:t
14.9«ii
77
7.400
8041
8.759
920
13,16« l.IflO
8.753
.'04
7,218
7.3»4
5,80«
4.577
11.001
5,630
8W
2,853
4,K2d
37.588
39,116
2S,27S
23,015
i(V>S
2,2114
1,^«
fO
669
l.llSll
28,851
18,428
18,422
3,14.1
21,.-i85
1,413
13,579
1
1,445
mi
.074
815
13.-j~l
24
ISO
1
al„'j«5
1,SU2! 23,457
22,303
2,4W 24,750 11,702
2»,2.ii/
4,1381 24,:ty5
13,729
10,458
12,594
11,885
3,2<J4
11,2711 1,096
17,1)*)
9,:W9
2,2121 12,6i)S
3,7011 10,295
I0,.180
318
27
9,431
187
1,380
13,231
12,938
15,010
11,3111,
1,34-)
13.139
1,»07!
lij.9ti<)
1,8X7
1H,87:1
26.i«;i
18,S4.j
22.H47,
822
I4,991|
593
19,S44
61
22,776: 1,940
l.-i,a8Hl 1,801
23.409
15,iS4
19,903
24.716
17,839
19,869
30,706
1H.231
18,ttS2
10,142,
20,:a8,
14,74rt,
1
17.027
19,912
21,275
32,22S
19,015
28.631 2,441
I9.8-<5
147
20,51fl
19,9S.S «,W1
17.S165 1,610
l.m.'j
12,1681
21,809
26,507
IJ
S2.r.93 1.951
19.707
30,314
152
892
18.0«
145
4,0fl.S 1,(148
1,915
2,192
2,113
593
1,523 1,667
370
6SS
608
1,.328
1.672
1.399
1,388
1,870
1,597
1,100
811
ir«
410
485
....
of "American Cousuniptlou" in this table Includes burst
In the United States.
Exports,
In the first table given in this report will be found the foreign exports the past year from each port to Great Britain,
France and other ports, stated separately, as well as th« total s
to all the ports. In' the following we give the total foreign
exports for six years for comparison.
TOTAL KXfORTS OP COTTON TO FOREIOX PORTS POR SIX TEARS.
Exports (bales)
N. Orl'ns. 1,474,6.54
MobUe...
Texas
4 6, 807
277,016
495,767
423,712
Florida..
New York
25,320
69.171
«
'1
420.3111 178.07t 241.'iS2 4,021 "45,400 514,091 !51,1S« 56,5,2,12 279.01>i
Virglnlo
30
03
The column
No. Cor.,
-1890-91.16.190
195
8,936
8>
Great Gimti- Toiat
OrU'n. nent. rxporU
Una.
as.ix*
24.7.W
.
Tex-
27.100
..
annual report of that staple.
-
Soutk
..
188S-«8..
1884-85..
1883-S4 ..
188^-83
TotHi
more
:
Foreign Exports.
1I.44S
28.5311 16.267
..
So.Car...
OeorKla.
— 1891-92.
12,698
bales
•1?
We have again to acknowledgs our indebtedness for the
kindness of the various receivers and shippers of Sea Island
cotton, through whose a.ssistance we are able to continue our
Florida.
war
.5,443
shows the crops and movement
useful table
1887.
Rec'ts at Savan'h.Ac. bales
Receipts at f'linrleHlon ...
Receipts iit Ni-vv York, Ao.
1,951-29,519
Crop.
10 percent
Sea Island Crop and Consnmption.
27,5«58
aeaxm.
lget»-70..
8^
4H net.
SH net.
4-4 bleached cottons \
Standanl f aocj prints
net. Jan.
e^neu
Jan.
bl'ch. cot'ns i
4<0BadaJ« 4-4 bleach.cott'ns
04iM
Jan.
|
•bales.
of Sea Island since the
.
Bouthern S jrard sheetings.
61,613
.bales.
:
Sea Island cotton this year 32,093 bales, or
than in the previous year.
.
18M.
Sea
We
375
358
NorB.—dUeetlnf?3— Agents' prices (for Atlautio A) are given. Printing
lethKaremaniifaotarers'Det prlooa. Discount on standard sheotlnss
almost Invariably 5 piiroont. For Lanca*tjr Klnghami tlie prioss In
he preeent season are subject to a discount of 5 pir cent. In 1833-89
4>ad 1887-38 they were net.
The following
1,951 59,661 21,gi.'> 2,633 27.668
bales. 32.093
Leaving for consumption In United States
thus reach the conclusion that our spinners have taken
II
CIS.
801
see that the total gro ^th of
of
eta
097
Island this year is 59,171 bales ; and with the stock at the
beginning of the year (2,441 bales), we have the following as
the total supply and distribution :
bales. 59.17X
This year's 0!op
3,441
Stock Seiitember 1, 1801
5iiit
II
cu. C<». Olt.
cu.
7
7
2-75,109,g
CIS.
we
Exported to foreign ports
Stock end of year
5.1
>^
2,441| 50,171 61,6121
the foregoing
Total year's snpply
Distributed an /•Motes
S
11
3* 1^
^
1889-90.
From
7,134
1,772
997
801
.
^1
1,»28
881 16,718
Texas
have been omitted in their usmal place New York
.. ..
in this report.
We now add them to complete our record. Boston
Baltimore
The first compilation shows the prices on the first of eacli Ptalladcl.Ao
montli for three years of a few articles of American manufacTotal.
•
portt.
Bavre
166 11.857, 1,928
1,794 27,176 15,837
20,628
570 11,443: 12,013
1,871 27,100 28,971
20,628 20,628
S. Carolina.
n—
Ltat'g]
Stock,
Total
Supply aept.\,
ld92.
Crop.
iSoi.
68,118
\Bxj>orledto—] j.,^[
~' For'gn
Ditlributtd.
Porttof-
new cotton
1»»
11,443
59,171
distribution of the crop baa been aa follows:
29.807iS9,9T2'37,"33 46.569 81,205 61.577 19.820
Tcxiks KU.. and nut boinic
out about iu Ttie above
16,462
199—
68
Tilt.
rutiinis recelvort.
The following
Ao 2,280—11,084
Sooth Carolina.
Srpt.l,
•
-16,630
16,lflO
Tot. Sea Island crop of Oa.
"20
to
all iH>rt>i
Sriittnilicr 1...
—42,084
12,608
Florida
oinCUarles'n,
I...
45,030
4'2,084
IcnriiiiH ut Charleston, ikc
11
2
""36
648
50
20
7
16.563 17,717 11.456 17.060 20.425 27.404 12.181
MciupliU. Ti'uu
Oiilvestiiu,
606
36
70
Bemtptsat flnvnnnah
197
11
Roinr. (til
M onl tfoini'i-j-, Ala
Ala
1
170
ColumbUK.Oii
Kul'iiiila, Alu
Ki'W C>rIt'ttnM. l*ft
Blir.ivi'pirt, t,n
89
1802.
l.lOfl
247
•300
Moliili', Alii
1891.
1990.
4.040
1
Qu
1830.
2"
2.406
8
3,750
57; l.OOO
./...!
Atliiiitii, (li»
8iivniiiiiili,
8i-lni:i,
1898.
1687.
1886.
Bo.Hton...
847.8.53
Philadel
Baltlm're
153,311
55.535
132,005
P'tluil.Me
"895
Ban Fran
Foreign PorU/or Tear Eiuting Aug. 31.
1889.
1, ,522,887 l,t.10,-lP7
1890.
1
44.7^0
r>o,i;i-;
2.57,521
240,3321
408.8491
333,9,50
316.832
049,354
470,465
II!
121.003 iob'.i'ii
->44.054
467,701
918.081 1,080,291
241,727 234.7.50
73.831
59.238
104,111
199.271
1,080
230
1391.
189».
810.5;t7 1,95.5,540 J,162.S69
287.021
440.230;
3,1
109.691
439.577
lo
1888.
-i\¥,i-i9
483,421
775.243
140,825
37,564
121,013,
1-24
Tot. from
U.Btates. 4,4.58,326 4.638.981 4,742.74514. :'
1B&
53,2aj
414,252
7 19.792
647,588
21.426
163,308
576.525
7S4.>.)r!'.i
23:'. It I
2'.<.2^-
180,92 J
3991
37,866
350.312
610,839
843,936
118,673
334.958
802.014
288.867
22.193
287.473
143
1.921
THE CHRONICLE.
4081
[Vol. LV.
Stock Exchange Clearing-Housb Transactions.— The
Below we give a statement of the year's exports from each
showing the direction which these shipments have taken. subjoined statement includes the transactions of the Stock
SimDar statements will be found in all previous reviews, and Exchange Clearing-House from Aug. 29 down to and includeach ing Friday, Sept. 9 also the aggregates for May (from 17th toa comparison as to the extent of the total movement to
present
Slst), June, July and August.
the
Contrasting
yeart.
back
with
made
be
port can
port,
;
returns with those for last year, we find that there has been a
marked increase in the exports to Havre, and that a number
falling off is
of the other important ports show gains.
recorded however at Bremen, Barcelona and Genoa,
A
t
Wmt-
ToOrltans,
9S6.551
Galvu- Char- SavanJetton, nah.
ton.
ton.
New
Other
folk.
York.
Portt.
e>s,940
e2,94<i
27,191
150
6,150
Ix>ndon...
18,799
40,990
150
6.160
348
349
Newoutle
9',737
Grim8t>7.
Rooen
S6,197
4,S4U
79,»b5
488.l«e
J7,SB8
Dunkirk..
Toua.
65,871 034,113 160,080 374,564 867,805 450,013 449.880 3289,197
£S?g°r.::
Barre
<
Nor-
13,172
2,151
7,6li
36,iK53
"690
9,737
667,380
22,117
2,151
060
Marielllei
Bremen... 818,403 sw.ee4 74,22 i 100,948 U8,07S !»34i 60,241 l63.e81 884,028
4,635 51.886 18.349 150,796
3.149
Bambiurg. 72,890
2,223
1.045
Amst'd'm
"734
°a,e«2
Bot'rdam.
Antwerp..
416
"Soo
"iiiii
""b6
10,974
Qhent
Gopenba-
65,217
«V325
18.461
19.850
6,078
14,"S47
«S*
1.V66
1,700
5,900
2,750
12,665
Gotten6.666
2.3t9
1,880
3,480
1,140
bUFR
Halmc...
UdderT'ie
Norrkop 'g
....
sVmo
ijiSO
gt.FetersbniK....
6,121
—
Barcelona
68.780
11,900
.
1,880
8,446
9307
6,156
83,737
—
Balances, one side
Sheets
Shares. Value Shares. Cash. Olear'd.
Slmrei, both sidea.
Cleared. Total Value.
,
,
.
9
May
$
4,731,600 256,200.000
16,684,000 1041018200
P,M07,300 699,313,200
Julv
August.. ,13,998,480 977,583,000
June
445,000 22,5O0,.5OO
1.598750 91,566.700
1120100 74.186,100
1657400 107386900
Aug, 29
" 30....
" 31
837,800 64,300,000
596,000 38,000,000
464,000 28,000,000
Sept. 1.... 931,800 68,400,000
'•
2. ...1,589,000 109,100,000
$
298,300 2,190
1433971 5.885
974,700 5,K86
1301600 6,183
87,600 6,500,000 88.700
64,300 4.200.000 47.000
55,600 3,300,000 52,000
96,800 6,363.500 98,500
167,100 11,100,000 221,600
295
269
258
299
325
471,400 32,063,500 507,800
1,446
Holiday
148,100 9,200,000 109,900
68,000 5,200,000 42,300
108,600 6,200.000 57.200
84,900 4,500,000 46,900
315
362
284
280
Tot. week. 3,286.500 227.300,000 407,900 25,100,000 256,300
1,241
Tot. neek.4,368,600 307,800,000
Sept. 5
••
"
"
"
6.. -.1,234, 100
7
8....
9....
88,300,000
603,300 40,,500,000
797,500 56,000,000
651,600 42,500,000
7,100
eoo
y,5!6
1.266
1,800
400
86.600
6,'468
Naples...
i.coo
Balemo...
3,581
2,150
5-'100
2 6v:6
4,325
111
'i,ee6
::::::
16
ltd
104
1,593
43,58»
2,826
Dom. Can.
Japan
2,768
8-694
8.125
ri7
45.024
2,812
1,693
Total.... 2162,859 118,573 848.938 350,212 610,839 834,953 802,014 636,530 5884,921
• Includes
Iwles.
* Includes
from Velasoo,
& St.
&
& Reading. On the 25th,
& Quincy, Pock Island and
Paul, Louisville
and Philadelphia
Atchison, Chicago Burlington
were added
On June
4, Chicago
Western and
New York & New England were added; on June 15, Delaware
Lackawanna & Western, American Sugar common and
Western Union were added.
Union
Pacific
Gas, Missouri Pacific,
to the
list.
New York Lake
Erie
&
2,710
8,W>0
27,808
3,800
525
1,366
Trieste...
W. Indies
Vexico....
Pacific pref.
were ChiNashville, Northern
17 to 34 inclusive the stocks cleared
cago Milwaukee
199,435
11,900
two
2,100
159 018
4,900
"266
2,100
38,179
1,639
l«il,s67
lACbom.
39,289
16,922
From May
24,711*1
Corunna..
Pasaces...
Genoa
12,340
1,140
5,000
48,481
1.4S6
1,763
8,985
Oporto....
Malaga....
5,(179
1,866
22,300
8,23()
21,633
10,009
15,751
IitSbOD
1,045
9,121
10,877
l(«,f97
32,5<9
660
Btookb'im
Narra
Odeau.
.
Monthr-
8,223
BUttln...
Warbnrff..
Gefle
STOCK EXOHANOB CLBAKINQ BonSE TBAKgACTIONS,
*o., to LlTerpool, 3,753 bales
from Brunswick to Llrerpool,
88,9t7 bales
and
to Mexloo, 37,619
and to Dunkirk, 4,819
bales.
i Includes from West Point to Liverpool, 94,130 bales; to Bremen, 3,560 bales
and to Ghent, 13,087 bales; from Newport News to LWerpool, 21,979 bales and
to Barre, 5,278 bales.
I " Other Ports" Include
Prom Mobile to Llrerpool, 37,868 bales. From
Boston to Liverpool, 278.011 bales; to London, 425 bale?; to Hamburg, 5,444
bales; to Rotterdan, 141 bales; to Antwerp, 2,128 bales, and to Halifax, VarAouth, Ac, 2,708 bales. From Baltimore to Liverpool, 112,356 bales; to Loudon,
18374 bales; to Havre, 7,611 bales; to Bremen, 103,661 bales; to Hamburg, 12,805
hales; to Rotterdam, 18,320 bales; to Amsterdam, 2.325 bales, and to Antwerp,
17,030 bales. From Philadelphia to Liverpool, 21,484 bales, and to Antwerp, 708
tales. From San Francisco to Liverpool, 143 bales.
:
[From our own oorrespondant.
London, Saturday, August 37, 1898.
Notwithstanding the anxieties that exist, and the efforts of
bankers and bill brokers to raise the value of money, there i»
vtry little change in the rates. In the open market it is often
difficult to lend even for » week at l^^per cent, and though
the rate of discount for three months' bills is quoted at from
1 to 1}^ per cent, very little business can be done above 1 per
cent. The rates, however, for four and six months' bills ar«
firm at about 1 Ji for four months' biUs and 3J4 for six months'.
The demand for money is very slight. "Very few new enterprises are being undertaken and speculation is at a standstill,
while on the other hand gold continues to be received from
Below we give the total receipts and shipments of cotton at
tlis interior ports and the stock on the 1st of September of
abroad. The coin and bullion at the Bank of England considerably exceed 273^ millions sterling, and the reserve is nearly
up to 18 millions sterling, being somewhat over 50 per c«nt of
the liabilities. The Bank of France holds not far short of 67
millions sterling in gold. It is to be recollected, however,
that Austria-Hungary is preparing for resumption. It is expected that a gold loan for somewhat over 30 millions sterling
will De brought out in a couple of months, and that a very con-
each year.
siderable
MoTement
of Cotton at the Interior Ports.
Tear tnding
Town*
Ittceiplt.
Augusta, Ga
OolumbUB, Oa..
Ma«on, Ga
Htgomery,
elma, Ala
Ala.
165.4 IT
1 6,900
772,606
45,991
78,942
31,363
1
Memphia, Tenn.
KaehvillcTcnn.
Dallas, Texas...
Bberman, Tex...
Bhrevcport, La
Vi(!ksbiirK, Miss
Columbus, Miss
Etifaula, Ala. ..
Ga
Atlanta, Ga
Bome, Ga
Albany,
Charlotte, N.
7»,2 H
68.056
105,s<b4
74,788
31,020
30,397
3»,07',i
C
Bt. LoiiiH, Mo...
ClQciuuati, O.
WewtH-rry, 8 C.
.
Balel«li,ji.O...
133,151
85,203
19,721
734, :
3^2.095
14,799
27,9J4
34,416
1
Sept. 1,
Shipm'is.
191,076
78,426
67,505
167,374
117,358
749,754
46,025
7i»,094
1892.
Tear ending
Stock.
Receipts.
268,la8
88,852
83,614
151,476
121,780
723,120
262,209
1-21,, 96
722,069
3,13.
474
48
49,57i:
49,19!)
39,310
18,162
91,757
78,697
43,517
32,008
38,432
125,946
39,260
18,201
88,i49
77,021
43,414
31,197
508
200
74,739
5,163
1,749
37,93i;
193
30,119
89,323
130,70/
83,217
19,74H
698,506
i91,119
14,699
27,844
1,343
Columbia, SO..
34,41ti
lioolgvillp, Ky*.
13,3 2
12,709
LltUe Rnt'k, Ark
76,376
75,696
Brenham, Tex..
5'),94
55.424
Houston, Tex.. 1,135,873 1,137,355
Helena, Ark
m,28l;
48,831
OreenvUle, Miss
•.i'.',72f.!
40,617
Meridian, Miss
32,880
32.585
Katcber, Ml.s.
47,498
44,761
Athens, Oa
51,116
51,861
1891.
5,491
2.086
1,050
2,206
2,676
24,370
31,363
104,13:
Sept. 1,
Shipm'ta. SIock
1,111
3,599
2,476
93,3ti9
3,360
25,712
700,327
349,839
18.833
40,155
89,486
15,745
74,464
35.3B3
985.084
63,415
36,794
38,641
48.389
550
69,22.'i
46,402
10,744
100
750
i',145
1,149
1,817
6,5)4
1,511
132
2t*5
88,1483,515
148,l-;8
37,.i72
7,974
1,29 ;
4 9
4,253
1.5 18
3,311
l,7oo
105
1.065
1.362
1,150
121,891
02,879
490
2.')
25,717
690,16« 10735
348,3«8 2,768
18.833
39,494
670
39,486
15,391 '462
74,117
369
34,0R6 1,296
980,67(i 8,037
62,70'2
1,0'.
36,:78
38,641
47.846
68,004
'623
24
1,296
Setal, 31 towns. 4,689,91; 4,617,208 128034 4,.589,19'.^
4,546,833 55,929
* Reoelpto and shipment* are net figures
In both years.
Shipments
in this
Bterior tow.m for
statement include amounts taken from
home consumption and amounts
burnt.
demand will fall upon London,
The spread of cholera is increasing the difficulties of the Continental bourses, but as yet it has not caused as much fall as might
have been expected. The great capitalists in Paris more particularly are exerting themselves to support the market, and they
have been surprisingly successful up to the present in spite of
the many difficulties they have had to contend with and the
apathy of the public. The negotiations for a loan to the Bank
still going on, but it is said that they are approaching a successful termination, and on the strength of
this Spanish securities are well supported. A rumor that the
Pi irtuguese Government will shortly make a proposal tor a settlement of the debt has caused a rise ia Portuguese bonds also.
Italian securities are supported by German capitalists, and
notwithstandingthe difficulties of Russia, Russian bondsare wel
kept up. In London there is, however, little interest felt in
the inter-bourse market.
For many years past British
investors have been getting rid of their foreign securities, and
they would not, therefore, suffer directly however great a
fall might occur
at least to any material extent. In the
of Spain are
—
market for American railroad securities there is the same
apathy as has prevailed so long. The public are holding
quite aloof, and even professional operators are doing very
little.
Quotations rise or fall according as they change in
Now York, but the business done is exceedingly small. Even
the South African market is neglected. There was some
slight increase of activity at the beginning of the week, but
their
it has fallen off, for few people are inclioed to increase
Septehbkr 10,
THE CHKONICLK
1893.]
409
HaclUli Flaanolal llarKeta— Par nabU.
any direction at the present time. The department
The daily dosing quotations for securities, &o., at London
most buHineaa is being done \» that for British railway Btoeka. The more apprehension incroaaps in otiier direc- •re reported br cable aa follows for the week ending Sept.
riiks in
in whicli
:
tions the
ities,
and consequeutly there
mand
purchases to homo secura very good investment de-
more the public confines
is
its
The homo trade continues
Lotuton.
Silver, per os
for British railway shares.
For the
i{ood.
first
eight
weeks
of the current half-year the railway trafBc returns show that
on soventt'on of our principal linos there has been an increase
compared with the corresponding period of last year of
£59,000—£30,000 coining from goods trafHc and £29,000 from
passengers. The trades, however, which largely minister to
foreig:n countries are in a very depressed state, more particuHitherto the cotton operatives have
larly the cotton trade.
been strongly opposed to a legal eight-hours day on the ground
that it would give loo great an ad^-antage to Continental competitors; but there has been a sudden change in this direction,
and the leaders of the operatives have now declared themselves in favor of eight hours as a means of checking produc-
<t
Ounsols.new,2\ perots.
for account
do
TuM.
aal.
JTon.
9"«
96\
38>«
971,8
38>fl
Wed.
THtiri.
88>«
SB'^IB
^H^
*W.
.^8%
9611,,
971,8
9616,,
»61i,„
96''«
B7l,s
97
971;!!
rr'oh rente* (In ParlR)f r. 10O'47M 10O47X iao-67K 100-79 loo-7;x
121
121
121
D. B. 4iof 1907
121
121
121
90 >4
90«8
Oanadlan Paolflo
00%
90 >g
90%
00 >4
83-1
Ohio. Mil. A Ht. Paul.... 83>i
83%
83%
83%
88
Central
Illinois
Lake Hhore
LoulsTlIln
Nashville..
Mexican ('cntral 48
W. Y. Central >% Hudson.
Y. Lake Erie <b West'n
100%
100%
135
135
083*
100 >«
135 <4
68 >4
100>a
68^
68 >R
689g
68%
112\
112%
2a''s
27
106 >4
.<E
.
do
2d cons
106 •<
Sorfolkih Western, pref, 41\
100 ><
13n
100%
68%
60%
68%
113
27
106 >•
112%
112%
S9%
68%
112%
27
107
41i,
106%
139
68i«
26%
106 «
58
56
Pennsylvania
59\
55%
41%
56%
65%
Phlla<I«lphla(k Reading,
28 >4
28>4
28
Dnlon PaclUc.
38"«
SB's
Wabash pref
24%
38S
24%
50%
65%
27%
38's
Hortliern Paolflo pref...
(itammtxctsil
tion.
41%
24%
135
26%
41%
41%
97%
9S%
28%
6S%
28%
38%
24%
3»i«
24%
25
and IKtsceUaneous ^envB
According to reports published on the 14th and 17th of
Imports and Exports fob the Week.—The following are
August by the Russian Official Messenger the winter crops are the imports at New York for the week ending (for dry goods
considered satisfactory in 2! provinces, in 15 medium, in 9 for Sept. 1 and for the week ending (for general merchandise
the most part unsatisfactory, in 7 considerably under the aver- Sept. 3
also totals since the beginning of the flrst week ia
age, and in 7 others wholly unsatisfactory. The summer January,
;
crops are reported to be satisfactory in 19 provinces, medium
in 21, partly unsatisfactory in 15 and unsatisfactory in 4. The
prospect for the now agricultural year is, therefore, not bright,
and the demand for assistance from the Government is so
great that the Acting Finance Minister has ordered another
issue of rouble notes of 25 million roubles.
The following return stiows the position of the Bank of
England, the Bank rate of discount, the price of aonsols, &c.,
compared with the last three years:
AuQ.
P«blle<l*poilU
•tk«r cl*poilU
Oovammu
ncorltlM
OUMTMOarltlM
KlMl 1
1
OoillUllI bullion
Aug.
£
i
28.
26.1S1.480
S.7JS.806
25.88().19>
24.';93.17&
4.841.170
32,382.750
2.«77.8«0
28.026.337
26.i0.'>.609
10.31I.6.S6
13.974.237
14.892.233
M.626.431
28.059.566
2M6.3.8o2
20.9:19.469
17,921.>0«
t7.e05.7S0
17.11S.721
14.322.721
36.549.916
22.1186.198
12.300.57t
20.986,282
60
2
97 3-16
p«rct.
P«r eent
ClMriDS-UcaM retarna
1889.
Aug. VI
31.T30.6t5
11.209.394
rrop.mMeutolUbllltlea.p«rct.
*nkr«t«
GouoU 2M
id.
£
S
Oinnilstlos
189S.
1891.
1802.
Aug. U.
99.970.000
45 3-16
4
96 6-18
45M
2W
96 15-lS
120,611.000
101.642.000
24.835.710
4..'i!)U.919
40^
a«n'l mer'dlse.
$10,755,828
$8,458,292
$8,399,385
$82,472,062
278,981,002
$86,128,200
298,442,030
$2,740,768
5,658,623
35 weeks. $339,568,430 $365,745,943l$36I, 133,064 «384 571,130
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending September 6 and from January 1 to date
xpoBTs raoM waw tosk roa Tas wbbk.
For the week.
Prey, reported.
1889.
1890.
$7,985,467
222,104,500
$4,500,908
216,207.959
1891.
1892.
$7,765,5.'i2
232,609,066
$4,979,102
260,298,364
Total 35 weeks. $230,089,976 $220,708,867 «240,ri74,608 $265,277,466
The following
shows the exports anjl imports of specie
for the week ending Sept. 8 and
and for the corresponding periods in 1881
table
&
Abell write as follows under date of
at the port of
since Jan. 1, 1893,
and 1890:
XPOBTS AND IXPOBT8 OF
:
received iS07.000 diirlfiK the wtek, of which
AuBtralln neat £250,o O. There ha« bren a onntinua jce of tli« denwal
for AuDtrin.
arrivals (omitted la«» weoki— Boinhay. itifl.OOO; Australia, *156,0iiO; China, £t)0,00.); total, i245,000; River Plate,
*10,0<)0: .Vew Zealand. £40.00O Cape. *J9,000; West Indiet, £ 70,000; Bombay, £2'J.000; total. £188,000.
8ilT*r rose on the '/2<I inat. to SS'i. d.. there being a moderate demand
for India and the supply small, but on ItrKe offers to sell from New
York, the price gave way on the 23d to 37i»i d. On the 24th inst.
Indian exchani;« fell to l». 2i»....,d but the India CouDOil refused to
allot bills below Is. 2%!.. and this has caused a temporary recovery in
•liver to Sr^ii.d. Arrivals— River Plate, £1,500; New York. £39.0110;
West Indies. £40.0<K>; total. £80,500. Shipments— Bombay, £«5,000;
Japan, £lo5,i 00; total. £2-2(i,000.
Mexican Dollars— These coin continue in good demand at about '^\ni.
below bar silver. Arrivals— From New York, « 10,000. Shipments—
To China and Straits. £50.000.
Gold— The Bamk
tias
:
,
The following shows the imports of
IMFOBTS,
1890-91.
1891-92.
Imports.
Bold.
Week,
areat Britain
$1,166,600
1,500,000
West Indies. .........
Mexico
South America
HI
1.
Week.
$6,203,143
1« iift 09a
Sinee Jan.! .
$32,185
4,496,901
25.'>i7 3=in
6,660.699
8,000
1,100,943
10,500
other countries..
Total 1892
Total 1891
Total 1890
Since Jan.
$2,600,000 $57,910,863
6OO1 74,830,866
2,620| 18,534,854
Exports,
1888-80.
59,254.410
18.748.442
16,791,641
2,310,513
3.102.475
32,343,469
14,158,143
1):
1890-91.
Wheat
cwt. 69.539.436 57.625.758
Imports of flour
19.571.037 15.415.227
Bales of home-grown. 31,456,348 33,923,281
1888-89
1889-90.
56,973,360 59,254,410
16.280,976 14,158,143
44,436,200 36,037,450
119,566,821 106,861,266 117,690,536 109,450,003
1890-91.
1889-90.
403.
35s.
369.
318.
1888-89.
5j.
5d.
Od.
30s.
30s.
8.1.
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
flour
and
3d.
3d.
ThiitwtrrI:.
Lastuieek.
Wheat
qrs. l.iUS.OOO
Floor, enual to qrs.
261.000
Malae
qrs.
638,000
1,887,000
267,000
580,000
Week.
914,150
256,194
31,868
542,455
174.574
$'l6',i90
1,620
6.531
1,176
$19,517 $6,443,327
33,074
3,040.870
475,404
6,990,468
Imports.
areat Britain
France
Gtermany
Sinee Jan.
1891.
1,794.000
163.000
230.000
1m90.
2,2ll.oOO
221. ''0
645.000
flCexico.
,.
Boath Anierica
......
All other countries..
Total 1892
Total 1891
Total 1890
1.
Week.
$837,620 $13,064,010
523,139
West Indies
1889-90.
Supplies available for consumption (exclusive of stocks oc
1891-92.
Aver, price wheat week.298. 7a.
Average price, season.. 338. 5d.
HBW TOBK.
SUvtr
ImportSOfwheat.OWt.68,539.436 ,'>7.52.5.758 .56.973,360
16.299.289 16,280,238 14.317,624
Barlty
14.979.942 15.762..108 12,826.-522
Oats.
Peas
2,715.127
1.886.570
1,766,188
3.335.438
Beans
3.516.647
4,169.864
30,124.065 29,752,962 42,723,018
Indian com
Ilotir
19,571,037 15,415,227 16,280,976
1891-92.
8PB0IB AT
Exports.
cereal produce into the
United Kingdom during the fifty-one weeks of the season
compared with previous seasons:
Total
$9,754,466
$33,198,878 $107,112,676
240,369,552 258,633,267
$2,361,369
6,0u6,923
New York
Messrs. Pizley
September
189S.
$3,025,476
7,730,352
1.
Jry Goods
Cotal
1891.
*3.055,950
6,698,516
ien'l mer'dlse.
Total
Since Jan.
HBW TORK.
1890.
1889.
Dry Ooods
4*
97 15-16
llt,340,*00
'Aug. 39.
August 25
rORBION IICrORTS AT
for Week.
"9,sl66
3,153
1,300
932,742
38.215
538.727
25.912
$850,273 $15,124,045
453,529 10,870,112
60,000 12,885,741
$6'.6o'6
119.696
1,382
Sinee Jan.l,
$21,014
335,737
91,255
299,922
229,635
433,210
57,261
$127,144 $1,468,024
7.425
364,521
1,394,802
4,453,97$
Of the above imports for the week in 1893 $1,815 were
American gold coin. Of the exports during the same time
$3,000,000 were American gold coin.
—
The directors of the Chicago Bock Island & Pacific Company met at Chicago on the 30th ult. for the piirixjse of taking
action on the death of Hugh Kiddle, a former President of the
road. At the time of his death, Aug. 11, Mr. Riddle wa»
Chairman of the Executive Committee, and was one of the
most influential railroad men in the West. Resolutions proposed hv Judj^e Wright were adopted by a rising vote of all
the directors present. The board of directors then elected
Vice-President Warren G. Purdy a member of the board to
succeed Hugh Riddle, deceased, and elected Di\ jctor Marshal
Field to succeed Mr. Riddle as a
Committee.
member
of the ExecutiTe
THE CHKONICLK.
410
The movemeat
of breal^tuGEs to
market
iaiicate i ia the
ii
statement below, prepared by us from the azures of the
New
York Produce Eichmsje. We first give the receipts at
Western lake and river ports, arranged ao ai to pre.seat the
•comparative movemaat for the week ending S3pt. 3, 133i,
and since Ausait 1, tor each of the last three years:
BteeipU at—
—
Chicago
19616..
Biuh.m lbs
2.374.230
Duluth
ftl.tju
181.221
1.12«
1,098.841
62.S.45
.
2,2«8,6J6
I,9:i7,0f3
49,130
109.000
68,020
27,549
13,835
57,812
67,598
229.110
163,250
474,000
333,100
3.130
ill.^Ol
5,831
29.038
l,32a,35J
5,100
81,850
Detroit
Clareland....
Louis
Paorla.
83.547
2-3.751
7,268.931
2,790.190
3,021,142
232.088
7.449.760
3.587 800
239,161
2,085,315
2,460,405
3,538,720
2,703,2i0
lOS.'SOO
33,770
1,689.711
35,735,551
9,93;.»33
13,085,027
1.030.3(1
1.1:5.388
31,459,178
10.820.891
13,337,038
f2.42).-.88
262
1,500
1400
2,800
157,657
747,741
757,383
63,889
1,810
28.J,58->
899,0:i8
178,855
1.
The receipts of flour and grain
week ended Sspt. 3, 1833, follow
New York
Boston
Montreal
PhUadelpWa..
Baltimore
Blohmond
Me?f Orleans..
4.273,0i«
l.i.815.8;5
1.883.938
591.769
Sarleii,
Oats,
187,145
bush.
.niS.SiO
1-21,157
busn.
9,325
5'J,12!)
6,"i,12S
082,121
43,721
17,031
101,918
502,2iiO
31,9'i.3
li.i.93i
4,475
11.022
23,756
290,059
35,150
16,363
72,210
Below are the
Western lake and
57,-253
50",346
17.014
f ro
u
1892.
IS91.
1890.
1889.
Week
Week
Week
Week
Sept. 3.
Sffpl. 5.
Sept. 6.
Sept. 7.
Flour
bbls.
32rf,982
25l,9i)7
276,920
19 >.000
Wheat
bush. 1,280.031
1,401,510
37.577
60,021
1,134,814
371.330
1,967.258
62,676
37,017
562,933
765.261
1,708,186
95,412
50,649
462,68
354,2*0
873,012
41.^87
26,897
3,053,183
3,573,095
3,132,444
1,768,317
278.991
Bje
Total..
,
sideration^
It. and Brooklyn ttas Secnritles— Brokers' Quotations,
QAS COMPANIK8. Bid. Ask.
GAS COMPANIES. Bid. AlkJ
N.
130
135
lorseyCity
A
140
100
14A
100
93
itiial(N. Y.)
Bunds, 6s
Vassau ( Brooklyn)
Scrip
People's.
WUUamslmrg
1
Gaa
11S«
Uoboken.. 180
SCutropolittfcn— Bonds
110
JousoUilateil
(Brooklyn),
...
...
.
.
Bouds, 6a
.
Metropollcan( Brooklyn).
Municipiil— Bonds, 7s
.
Pnlton Municipal
.
Bonds, «8
.
1
115
102
Eiiultable
.
130
108
Vii
117
ioi
137
103
140
107
xl53 1S5
.104
Bonds, 6s
93
City Railroad Secaritles— Brokers' Quotations.
10,175 72.9iU
24,772 544,782
aai grain
shipoiaats of fliar
river ports for foar years:
Corn
cotton commission and banking house of
Messrs. Latham, Alexander & Co., this city, present theiiusual page advertisement on the outside back cover of this
Parties desiring to make business
i.ssue of tiie Chronicle.
connections with an old and reliable house will give this con-
tf
9Jd,-2Hl
(>J5,332
Rue.
bush.
5,GJ0
ai2,583 1,315,837
rail
Oats....
Bkrley..
&
— The well-known
Brooklyn Gas. Light
Corn,
bush.
3.50,100
Total week.. 372.f*22 2,7y,S,70B
week '91. 400,776 5,563,198
In our advertising columns to-day will be found a list of
called bonds for Septemljer of the city of Columbus, Ohio,
payable at the Treasurer's office in that city or through the
Staoton, in New York.
city's fiscal agents, Messrs. Coffin
at tha seaboard ports for the
bbtt.
<3or.
736,473
14,063,982
421,402
1,317,170
Flour,
Wheat,
bash.
15.T.176 l,106.2i5
47.117
2,150
27,715 212,195
At—
Bros, offer at
—
'82.
SUict Aug.
1891-02
1890-91
1889-90
lbs.
31,628
13,789
Same wk.'Sl.
Bame wk,'90.
Tot.wk.
82,895
68,800
&
Walstoa H. Brown
accrued interest a limited amount of tlie first mortgage*) per
cent gold bonds due 1919 redeemable in 1909) of the Superior
Water, Light & Power Co. of the city of Superior, Wisconsin, the authorized issue being $3,000,000, of wliich $1,115,000
has been issued. The Superior Water, Light & Power Company was incorporated in 18S9, and has exclusive right to furnish water, gas and electric light in the city of Superior this
for a period of 30 years, with right of ren-wal on same terms
for 30 years additional.
The net earnings for the twelve
months ending June 30, 1893, were 1103,331 44 and the interest on the bonds amounts to $66,900.
;
R'le.
Bii.56
593.730
Minneapolis.
Toledo
flt.
Barley.
O.lfJ.
BMluiMbs BMh-Silbi BaaKiSlbe
103.525
ti.zau
BbU
Milwaukee...
Com.
Whe<it.
floii'".
—Messrs.
[Vol. LV.
Dry Dock
Atlantic At., B'klyn.St'k. 115
Oeu. M., 5s, 1909...A&O 100
Sl'okerSt. * i'ul.F. —Stk. 29
lat mort., 7s., 190(>-. J&J 112
ir'dway b 7th.Vv. -St'k.. 198
1st mort., 58, 1904 .J&D 101
ad mort, 53, 1914. ..J&J 103
"24 114
B'way 1st, 58, gu
3nd As. int. as rent., '05. 94
103
30
115
& B.—
loi ins
.;6j 275
iBlKhth Av,-.-Jtook
lEIgnthAT.— Scrip, 6a, 1914 105 109
!
;42d A Gr'ud St. FTy— Stk. 250
lat mort., 7a, 1893.
100 lo:i
:42dat. -MauU.Jt St..V.A.ve. 64 56
1st mort., 68, 1910..M.feS HI 114
J&i 63, 63
2d -Vf., income, 68
A&O
lo'd"
105
!
I
I9.i
Srooklyu City— Stock
B'klva(!ro-*Ht'n 5a., 1908 107
Bkn.C'yJiN'ii5a,1938 .I*J 101 ig
Central Crosstown — 8t'k., 140
113
1st mort., 68,1922.
5ent Pk. V.A K.Uiv.— Stk. 145
Conaola. 78, 1902 ...J&D lis
Ory Dk.E.B.A Bat.'y— Stk. 115
Ist mart., 7s, 1893. .J<&D 100
M&N
E. B'y
S"orlp
I
i
|Honst.W.8t.& P.F'y— St.lt. 200 ......
1st mort., 7s, 1894. .J&J 100 107
200
I
io2'4 INiiiLb Ave
tSe -"nd Ave.— Sl^ck
130;135
115 118
lat mort., 58, ie09.M<itN 103' 105
2U0 205
|Siith Ave.— .Stock
iTliird Are.— New stock... 205 212
lat M., 53, 1937. ..J&J 110 112
jTwentr-third St.— Stock.. 250;......
100 )f3
Ist mort. "Ja l^o'^
ibn
118
12U
101
I
I
The exports from
«ading Sept.
Exports
3,
the several seaboard ports for the week
1893, are shown in the annexed statement:
Com.
finm—
Wluat.
HewYotk
Bush.
1,112,848
liuah.
81,997
73,086
1.926
25,263
175,778
180
453
Norfolk..
247,455
298,180
N. Orl'us.
Bush.
335,59.1
84,75',i
Phlladel
Baltlm're
Oats.
Bbla.
105,84
57,976
714
19,507
36,606
92,410
Boston. .
Montreal
Flour.
97,679
55,9
Bye.
Bush.
17,625
Peas.
Bush.
5,862
3,205
253,392
2,830
19,490
135
78,693
33,714
week 2,254,615
S'me time
1891 .. 4,n58,0(i9
280,131
313,513
334,744
50,339
84,555
297.908
248,018
67,247
311,014
7,788
visible
ports, Sept. 3, 18S2 :
Wheat,
In store o<—
New York
afloat
.
bush.
3,400,000
127,000
Albany
Corn,
bush.
706,000
"7,006
Buffalo
2.204.000
6.290.000
Chicago
Milwaukee
Duluth
Toledo
Detroit
St Louis
afloat
Cincinnati
Boston
Toronto
Montreal
Co.
<fc
Shares,
Bank of Republic. 175 "s
50 Nat
23 Hauorer National Bnnk.343
51 Western National Bank.123
1909
$2,000 City of Rome
1896
Botitts.
$10,000 Metropolitan Ferry
Co. 5s, 1937 (L. I. KB. Co). 108^
Messrs. Adrian H.
Bonds.
y of Savannah 59,
$3,000
802,000
1,532,000
2,229.000
742,000
4,882,000
44,000
3,000
140,000
54,000
Peoria
Indianapolis
92,000
27,000
247,000
9,000
51,000
414,0ti0
.......
Philadelphlft
190,000
4,608,000
3,000
1,666.000
51,000
607,(X)0
Kansas
122,000
41,000
29,000
68,000
21,000
40,000
City....
741,000
Baltimore
2,067,iO0
MtnneapollB
3,661,00:)
OaMissiisippi..
54,000
On lakes
2,703,000
1,945,066
,848,000
266,000
OK canal & river
1
Oats,
bush.
Rue,
bush.
596,000
139,010
27,000
112,000
1,869.000
2,000
3,000
5,000
12,000
68,000
190,000
17,000
MuHer
&
Son
5 Common\YealtU
109,000
44,000
611,000
37,000
123',6o0
43,000
5,000
267,000
135,000
153,000
108,0)0
84,000
67,000
7,000
6,000
331,000
^ty.ooo
6,000
7,000
13,000
3,000
45,000
13,000
32,000
54,000
2,000
Ins. Co.
91
Bonds.
$500 Brooklyn City RR.
5s,
108 "4
1911, J&
$29,000 Deoafiir Land Imp.
6 Furnace Co. of Ala., 1st
20-35
7«, 1893
I
SattMti0 and l^twanctal.
21,000
13,000
45,000
61,000
103
Shares.
1,000 Congolidateil Electric
Storage Co $i5 eacli.$2,001
25 Coney Isl'd .Jockey Club. 125
150 Brooklyn City RR. Co. ..194
10 42a St. ManliaUanville &
St Nicholas Are. RR... 54)a
27 eth Ave. RR. Co
200
2611*
14 Sth Ave. RR. Co
Bnrley,
bush.
103
(Ua.) 8s,
|
.
supply of grain, comprising the stocks in granary
at the priacioal » >ints of accumulation at lake and seabaard
Do
Messrs. R. V, Harnett
Shares.
Tot.
Do
By
By
N.News..
Biehm'ud
The
—
Auction Sales Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
....
LIBERTY NATIONAL BANK,
New
Central Bulldinit, 143 Liberty Street.
Vork.
CAPITAL,.
8300,000
ACCOUNTS OF BANKS, BANKERS AND MEBCHA."»T3 80U01THD.
HHNBY C. TINKBB President.
HK.VKT QttAVas. Vioa-Presldanl
JAMK3 CHR13T1B, Cashier.
DIKECTORS.
HKNRV C. TINKER,
HENRY GRAVES,
GEO. F. BAKER,
J. R. MAXWELL,
H. F. C.
TOUNa,
H.
WM. RONKLB,
O.
HON.
DUMONT CLAitKB,
A.
J.
JNO. H. STABIN.
FAnNHSTOCK,
O. A. HOBAR'f.
GARLANO.
"9i6oO
9,000
14,000
25,000
THE MERCANTILE NATIONAL BANK
OF TUK CITY OF NKU
4,000
46,000
i9;66o
Tot Sept 3,'92.3fl,261,000 8,172,000 5,069,000 539,000
Tot Aug. 27,'92.34.950,000 7,578,000 5,281,000 411,000 323,000
333,000
2»t, Sept. 5,'01. 19.862, 135 6,967,081 3,.598,014
Tot Bept 0,'90.17,500.391 8.251,146 3,843,678 2,758,140 137,552
571,300
582,238
TotSopt. 7,'89. 14.098,032 la.OoSliSs 6,111,257
Uo.ioi 395,743
^"Sa; Refining Co. has declared a quarterly
di^d?n!l^.fo r^'^r cent on the common
dmdendof2i,p.;r
stock of the com'^^* *™°«*«' bcK,ks will close Si
^^'E',^,'^L';K°°.*^\:i''
September 18th, to be re-optned October 8 uext.
Broadwn
No. 101
€BpUaI^
-
WlIiLIAM
P. 3T.
YfUlK..
.
$1,000,000 SarplDs,%Proitta, «1, 030,00 J
1
JOHN,
President.
JAMBS
V.
1
LOTT,
FKBl) J-ilOK
Asilstjuit
,t.
-!OHHNCK. GMhler,
Cashier.
ACCODNTS SOLICITED.
Spencer Trask
10 IV all
6c
Co.,
BANKBRS,
St., New York.
16 Cnuirenti St., Boston
Albauy.
Pro vide see.
Meiabus
of
New York and B»ston
stimic
.txcjiuues.
INVESTMENT SECURITIES.
Skptembeb
THE CHRONICLE.
10, 1893.]
411
difcounf, Helling pnr®!^ premium : Ne«e Orleans, bink, ft SJ
f)er $1,000 (iremlum, 0'>rnin''rMal. 7i;.prd niu n; !il OiulLpir;
Chicago, 70c. per $1,000 diicount.
She Bnnkzvs' dSa^ette.
Posted rates of leading bankers are lu followii:
DIVIDBNBH,
Ctnl.
Whfn
Sookt doted.
Payablt,
(Day$inel\itite.)
KallroiKla.
& Alhunv
BODtOn
AM.
CUlo. nil.
,''"
(nnnr)
'I"
IH
1
Oct.
ISept 17
1 Sopt.
1 Sept.
2
Oct.
Oct.
Oct.
Oct.
Bept.
8»pt.
P. i.rpf...
_
Kcukuk
A Wostoni
JLiii.
Oct.
30 Sept. 11
20 Bept. 30
3
ooiu..'. '.!!;;;;.'
oellaaeons.
Rcf
Slid
coin, (qiiar.)
rimiiiii'iclal Onlilp..
.
(nuar )
DlstillKACatlli. Frrdlng (quar.)
Mtunoiiota Iron (qimr.).
fi'orthweBtQcn.Kloe. pref. (quar.)
>•
Demand.
Blxty Dayi.
iSeplefnWr 0.
Per
Name of Gwnpany.
to B<>pt.
30
to Oct.
Prime bankerK'Hterllug Mill on London.
Prlmeconinierela
I) innnmntHryoomTnt^rclal
4 86
at HOU'
4 8S's-t4 855|1
9 17i«a5 t<Pn5 13"K99 19
40l|(S 40>a AO'AiHrV',.
haukers
95I4 9 95i%
9a«»»95%
rr*okfnit or Kr«i»«nfrnlcbmarln)b'nkera
I'arlabaiikiTii (francni
Ainiit<inlani (Kull'lxrni
to Cot.
United Status llonds.— Quotauons are as follows:
14 to Oct.
20 to 0«t.
Sept. 18 to Oct.
IS to Oct.
ISlBept.
to Sept.
1 Sept.
WAl,L MTIIRKT, FRIDAY, HEPTEMBEIl 9, 1892-3 P. M.
The Money Market and Financial Silnatlon.— The depressing influence of cholera in Europe and at our doors lias been
feltin all tiie markets. The export of products and thecourseof
Sispt.
'T
1
\
4», 1907...
6s.
6».
68,
6s,
6s,
re«t.
—
—
coup.
oar'cy,'95
oiir'cj','96
our'cT,'97
our'oj,'98
onr'or,'99
Seut.
9.
*100 •100
•114>fl*lU'» •111
115<s*ll5'« 115
107 -107 •107
100
4§,1907
Sept.
reit.
•100
I
114
115
107
I
109'«l*lo:i>« •IOBHj •109>«
reg.
reg.
reg.
reg.
112^
*11'J'« •ir2i«'ii2>«
115>«'115>« *115^,;•115>»
•118 1*118
1*118
US
.
exchange must be disturbed to some extent, and the entrance
•Tlilals tbe price bid at tne murainie board; noioMwas u:ii-.
here of immigrants from infected countries will be checked
Coins. The following are the current quotations in gold for
for the (itne being. One citizen has stepped forward in tlie
various coins:
great emergency, and, while others were talking, made a deflp. Sovereigns
83<4 3 —84
$4 80 «9i 90 innesllver bars..
—
of a Teasel to take off 500 distressed cabin passengers
from the pest ship Normannia, and to that extent has relieved
the public anxiety, which was becoming strained to the utite offer
This action in the
most.
field of practical philanthropy was
not less brilliant than some of his notable transactions in Wall
Street
JTbe crop news is good in not reporting any very serious
frosts, and every day that now passes without such frosts is
worth millions to the producers of com and cotton and to the
railroads that will carry the^e products to market.
The
Atchison officials give large estimates of the Kansas wheat
crop, placing it at " over 82,000,000 bushels, of a better grade
than last year," while the Kansas State report makes the
yield about 10,000,000 bushels smaller.
There is very little public comment made on the effects of
the present continuing is.'-ue of $4,500,000 legal-tender notes
per month by the Government against its purchases of silver
and the probablf result if this goes on in the future. Possibly
any
comment now,
so much hope of getting a reneal of
this subject is too trite to call for
and
possibly, too, there
is
special
law after the elections that the matter is relegated to the
next session of Congress for consideration. The positive influence of such new icsues, however, is worthy of some attenthis
tion.
The open market rates for call loans during the week on
•tock and bond collaterals have ranged from 3i<^ to5 percent,
the average beinj^ 4 per cent.
To-day rates on call were
8 to 4 per cent.
Commercial paper is quoted at 4J^@6
p. c.
BThe Bank of England weekly statement on Thursday showed
« decrease
in bullion of £188,000, and the percentage of reserve toliabilities was SO-33, against 50-65 last week; the dis-
count rate remains unchanged at 2 per cent. The Bank of
France shows an increase of 4,475,000 francs in gold and
a decrease of 2,473,000 francs in silver.
The New York Clearing-House banks in their statement of
Sept. 8 showed a decrease in the reserve held of $4,276,400
and a surplus over the required reserve of |7,6.}0,5)0, against
t»,887,875 the previous week.
18P2.
Sipl. 3.
Wfferen'tfrom
Prev. Keek.
1891,
Sept.
1890.
5.
n
Sept. 6.
$
Capital
60,422,,700
60,772.700 60,812,700
67.300,,500
64.147,800 59,»S7,100
Ijoana anil dlsc'tf 487,101,,700 Dec, 3,566,000 400,580,600 39t,97S,100
Circulation
800!Inc.
72,800
5,162,000
3.093,300
Net depoHlts
509,(105,,v;oo!i>co. 8,07t;,100 402,8t-<,400 3S8,3J9,300
Bpecle
79,557, UK) Dec, 2,'.il2,20O 5'j,769,00O 70.216.700
Legal tenderf.... 55,324,,700|Doo. 2,O«4,20O 51,099,500] 25,*a2,000
Reeerve bold
134,881,,300 Deo. 4.276,400 10',868,500 95,6)8,700
Legal reserve
127,251, SOOiDeo 2,010,025 100,712,100 97,099,825
•orplUB
BorplDs reserve.
7.C30,50OlDeo.2,257,375l
9,156,400 df.l,401,12S
Foreign Exchange.—The rates for sterling
bills
remained
easy on r dull market early in the week, but recently have
been sue. ^er, with a better demand from remitters and a
mod»rM<. -..pply of commercial bills. There have been no
gold export .H this week.
Actual rates for exchange are:
ankeig' ..aty-days sterling, 4 86}^(g 4
86J^ ; demand, 4 88@
4 86>4 ; rubles, 4 t8Ji(34 88>^.
The fol!
York at
were the rates of domestic exchange on New
uniirmentioued ciciesto-day: Savannah, buyinjr,
seUu..^ /g®'* premium; Charleston, buying par to
}i
i
par,
'«-ini;
3 H>
Napoleons
X XRelclimarks. 4 74
4 75
25 Pesetas
8paa.Uoul>loons.l5 60
Mex. Doubloons. 19 50
par
Pine gold bars...
—90
'Plvefiajos
lUaxloan dollars.. — 66
Do anooiumoro'l — —
—60
iPeraviausols
«15 70 English silver.... ISO
» "4 prem.lU.8. trade dollar* — 70
»
«
«
3 90
a
4 80
4 85
»15 70
f»
I
»
»
»
a
— 9.^
— 67
— 62
4 90
— —
—
HoTernment Purchases of Silver. The follosving show*
the amount o< silver purchased in September by the iJovernment to date.
Previously reported..
Beptember 5
7
9
•Local poTobases....
Chmeet
Ounce$
offered.
pureluued.
1,073,000
7i3,000
634,000
795,000
Price piiKl,
315,000 $0-8361
553,000 «0-835i
» $08369
a $
32.->,000 iiiO-8360
»
10O,00O|$0-8J54
'3
51,418$
|0-8364
S0-835S
» $
l,844,413|$Q-8354 a $d-836&
Total in month to date. 3,355,000
•Tbe local ptirohasoa of eaob week are not reported till Monday of
tbe foUowKin W(<ek.
State and Railroad Bonds.— Sales of State bonds at the
Board have included $.5,000 Dist. of Colum. 3-65s at 1121.^ ;
$21,000 La. consol. 43 at 92 |10,000 S. C. O-", non-fundable, at
3 15,000 Ark. 7s, M. & L. K., at lOJ^ |1,000 do., L. R. P. B.
& N. O., at »Ji; $10,000 N. C. sp. tax, W. N. C. R. R., at 4.
Railroad bonds have been quiet. Some issues that sympathize closely with the stock market have been a trifle easier
in prices. Atchison incomes have been fairly active since the
payment of the September interest, and they are in demand
at lirmer prices owing to the good exhibit of current
earnings and the success of the company's financial operaTexas & Pacific income bonds and St. Louis & Southtions.
western firsts and incomes are in better demand since the
McCotmick decision and becatise the Texas roads are
being relieved from the rates established by the StateCommissioners. Chicago & Erie first 5s and incomes
are both selling a little lower on less favorable earnings. The
Phila. & Reading pref. incomes have been dull recently, and
their prices are steady at the decline. The temporary agitation pertaining to the N. J. Central lease and the difference
with Pennsylvania on coal rates slightly depressed the securiOntario & Westties, though they are firmer than last week.
ern refunding 43 are selling well about 83; Chic. & Northern
Pacific 53 are about 80)^; Northern Pacific consol. 5s, 76;
Hocking Valley 5s, 94}^, just ex-coupon; Union Pacific 6 per
cent gold notes due Aug. 1, 1894, sell at 93, showing about V%
per cent interest per annum it they are paid at maturity the
Jime earnings of Union Pacific were quite satisfactory.
Railroad and Miscellaneons Stocks.— The stock market
has only been active this week in particular stocks that were
subject to special influences. The prevalence of cholera
abroad and in our harbor has had a quieting effect upon business in general, and at the Slock Exchange, as eUewhere,
parties have been inclined to halt and watch the progress
of events. The St. Paul dividend of 3 per cent on the
common stock was declared on Thursday, and although
not as large as some had expected, it marked a new
era in the company's history and a resumpiion of dividends on a conservative basis (with a very strong iinan>
cial exhibit) after dividends on the common stock had
been suspended since 1888. The industrial stocks and Western Union Telegraph have been active this week on quite a.
strong reaction from the pressure noted in our Iast» New
England has been something of a mystery as usual, and on
good buying has rLsen to Sl}4, although the reports of a deal
with Boston & Maine or Rea<ling are denied. In the past five
years this stock has been worked up and down on baseless
rumors more frequently than any other in the N. Y. marketj
there are always buyers who believe that at some price Ne-.^
York & New Haven wants the property, and they apparently
trade on this underlying confiaence. In the unlisted dejjarcnient Sugar and Lead have been dealt in freely at rising price',
the first named being strengthened by the dividend of 2^ per
;
;
:
—
cent.
THE CHRONICLE
412
NEW lORK STOCK EXCHANGE—ACTiT^ STOCKS
HIGHEST AHD LOWBBT
Baturday,
Sept. 3.
86^8
95%
*87
I
56I4
127
"J*28
Monday,
Sept 5.
957e
•62
*60
...
*115
>
^63>« ea^
73
130
C*80
,135
99
•10%
62
98
32
16
48
16
48
5
36
•4
•30
8
•9
11
140
142
93
138
98
142
36
98''8
28
23
601s
40>a
100%
62
971s
82
1261a
II514
1421a
81%
50
136
138
98
143
98
22
75
131
108
22%
eS'e
108
66% 67
66%
23%
22 14
•21
23
129
105
an5>s 17
42 "4 43
*14>s
*25>«
'
y 58%
,^'35's
*85
ilO
*17
*72
•33
25'8
•621*
SS'e
130
105
16
•42
1413
Id's
26
25% 26
581s
371s
8714
90
110
80
36
26^
6314
ta
o
c
•151s
71'8
•33
251s
•62
33%
34 ii
18>9
1438
•40%
10»8
411s
19>9
'20 "a
M25
•73
•20
«16>4
53<>8
•21
•60'4
37'j
858
•37
65
54%
21
59 18
8714
£5
17>s
71^8
36
261s
64
341s
ISis
14
64
•4014
igi6
9
41
35%
18%
18'e
62
14%
65%
12
41
19'8
19'e
5^^
VI 55% 55% 55%
20>j 20% •19% 20%
221s
62
40
62
34
41
18
53% 54%
60 14
•371s 40
8%
•37
*26
•73
30
78
17%
53% 55%
•17
-20
57%
9
41
•61
152
152
147
99=8
•60
100%
62
98
42% 42%
•60
•7%
8>4
•I6J4
17
43
105 >s
•42
•103
*113'a 114
35 1«
85
10
10
2S>s
251a
55
85
•
•
87>e
•16's
•lOis
3709
23%
24
25
6508
25 »8
6508
•16
18
lO's
17
111
*7ia
16
•42
103
113
814
16l^
43
•37
81%
81% 81%
49% 50%
pref.
Do
81% 81% Chicago Rock Island & Paclflo.
49% 50% Chicago St. Paul Minn. & Om.
119
O'a
10 14
25% 25%
Do
119
136
138
138
142
98% 98%
10% 10%
•37
62% 63%
40
•22% 23%
140
151
142
22
60
8%
41
102
114
35% 35%
10% 10%
25% 26%
48
80
48
80
49
371a
16'8
lOia
3818
16'8
lOTg
37 '8
49
237e
237e Loulsv.
Iowa Central
Do
10314 1031a
SOU
37
115
8li«
38
lia>a
47^8
llO'a
42
17
41% 43
78
79%
771s 7814
109T8 1121s 111
113
1031s 1031a 104
104%
sole SO'e
79% 80%
87% 38 14
116
23% 23%
New
Alb.
17%
45%
26'«
60%
37%
•17
45
18
HinneapollB
46%
14% 15%
26
26%
59% 61
Do
36
Do
72
•33
80
36
26%
63% 63%
35% 3678
26
•25
70
•17
30
80
18
54% 55 08
20^8
60
21
62
•37% 40
8%
•37
8'8
41
•72
•33
& Chicago..
.
& St. Louis
pref.
& Texas
pref.
Missouri Paoiflo
Mobile &OI1I0
Nashv Chattanooga&St.Loiiis
New York Central & Hudson.
New York Chic. & St. Louis ..
.
80
36
26
. .
•70
18
5478
2078
30
80
Ohio Southern
Oregon R'y & Navigation Co.
Oregon 8h. LiD»&Utah North
Peoria Deca*ur & Evansville.
18
55 7e Philadelphia
21%
63% 63%
37% 40
9
37
72%
70
43
41
& Beading
& St. L.
pref.
& West., pref. tr. oerts.
9% Biohmond & West Point Ter'l
Pittsburg Cinu. Chic.
Do
Pitts.
Do
41
36
pref.
Bio Grande Western
72%
Do
pref.
113 •111 112% Rome Watertown AOgdensb.
8%
9
9 St. Louis Southwestern
17% 17% 18%
Do
pref.
105% 103
114
113%
35% 35% 35%
10% 11% 11%
26% 26% •25%
48% 48%
103
113
43
St.
Paul
Do
105%
113%
& Doluth
pref.
Paul Minn. & Manitoba...
Southern Paoiflo Co
Texas A Paciflc
Toledo Ann Arbor & N. Mich.
Toledo & Ohio Central
St.
35%
12
26%
49%
•15
17
42% 43%
79% 79%
110% 111%
•15
Wisconsin Central Co.,
17
104% 104%
1179% 80%
38
38%
116% 116% 116% 116%
38
38
I
•22
62%
75
Sept,
95
29%
16
45
4
5
2>
4
Jan.
8
Jan.
7
99% Aug. 15
40 May 18
80% June 2
149% Apr. 7
167% Feb. 29
Aug 27 19%
2
9
7
51% Jan. 11
20 Feb. 29
151 Sept. 9
144 Aug. 11
110 Jan. 5
15% Jan. 4
56% Feb. 18
54
Jan.
Mar.
9% Jan.
iniacellaneoas Stocks.
42% 43%;American Cotton OU Co
11,040, 32% Jan.
79%^ 79%
Do
2.4551 63% Jan.
pref.
11078 112% Am. Sugar Ref.Co
136,897| 78% Jan.
104% 104%
Do
pref.
4,802 90 Jan.
79% 80 Chicago Gas Co., trust rec'ts. 18,480 71% Jan.
37% 38 Colorado Coal A Iron
3,810; 28% May
115% 115% Consolidated Gas Co
1,766 102 Jan,
49% 51 Distilling & Cattle Feed'g Co. 22,155 44% Mar.
113% 114%'General Electilc Co
18,5751 1G4% July
131%131%'Natlonal Cordage Co
7,638] 91% Mar.
I
i
Mar,
Feb.
Jan.
Jan.
Jan.
Jan.
1,450 20% Jan. 19 27% Apr. 18
1,130 69% Jan. 5 80 Apr. 18
5,7b5 120 Jan. 19 140% Mar. 5
1,020 95 Jan. 18 112 June 17
23,060 ea'eSept. 3 84% Jan. 2
2,075 20% Sept. 1 31 Jan. 7
200 14%Jau. 6 24 Mar. 18
4,772 104 Jan. 2 139 Aug. 19
210 104 Jan. 20 117 Mar. 5
900
Feb. 25 21% Aug. 10
8
3,425 18 Mar. 5 48% Aug. 10
14 June 6 20% Jan. 13
4,8X0 24 June 6 33% Jan. 13
14,705 54% June 7 65% Jan. 4
300 34% Jan. 27 42% Jan. 2
100 85 Mar. 2H 91 June 21
6,010 109% July 11 119% Mar. 5
15% July 7 22% Jan. 5
"""l5 72 May 19 81% Jan. 4
33% July 6 45 Jan. 4
25,955 25% June 8 34% Jan. a
90 62% Sept. 1 77% Mar. 5
70,961 3078 Aug. 24 59 Mar. 3
224 Jan. 15 252 June 3
3,900 18 June 6 23% Feb, 11
16% Aug. 25
1,300 10% Jan.
69% Aug. 22
350 41% Jan.
18 Jan. 4
10 10% July
56 Jan. 4
10 41 Sept.
2,735 18% May 14 26% Jan. 2
10,177 51% Mav 24 72% Jan. 3
125 20% Sept. 6 24 Jan. 5
19 Jan. 12 37% Mar. 23
70 July 13 91% Jan. 28
22 July 1 33% Jan. 4
600 16% July 6 2278 Jan. 4
314,002 38 Jan. 19 65 Feb. 11
800 2078 Sept. 8 30% Jan. 5
67% Jan. 5
1,533 57% Sept.
37% Sept. 2 45% Apr. 29
14,265
6% Juue 27 17% Feb. 12
37 Aug. 27 79 Feb. 16
36 June 29 41 Jan. 5
68 Feb. 26 74 Mar. 11
110 Jan. 19 113% June 30
700
6% July 14 11% Jan. 2
2,615 14 July 14 22% Jan. 3
13 39% July 6 4878 Jan. 7
5 103 Jan. 19 107% May 26
200 112 Feb. 25 116% Jan. 4
6
Sept. 1 41% Jan.
1,550, 35
7 July 1 14% Jan. 4
11,250
825 23 Apr. 1 29% Aug. 23
164 46 Jan. 28 52% Feb. 18
Feb. 11
_.
Sept. _ 88
125 80
8,376 36% July 12 50% Jan. 4
900 1578 July 11 25 Jan.
Juue 8 15% Jan,
200I 10
2,255 22% Juue 8 33% Jan
2,865' 24% Sept. 6 40% Jan.
1,125 65 Sept. 6 80% Jan.
15% May 20 21% Jan.
Missouri Kansas
36
28
19i 4778 Aug.
19
__, 8378 Aug.
19,115% Aug.
19 107% Aug.
2] 83% Aug.
24 39% Aug.
15|119% AuJ.
116
47<>8 48%
48
48% 4^^% 497e
9| 67%
111 11218 111% 112% 111% 113%
7 119%
1300a 131%
131% ISl's 131% 131%
1301s 131
132
115 116
H7is 1171s 117 117% 116% 117
116 116
i>o
123%
pref.
1,610, 100
Jau.
40
40%
40% 41
40%
43%
4}
44%
41%'National
Lead
|43%
Co
24
46%
34,036
30%
Mar.
91ie 921a
91% 9314 93
94
94
95% 94% 95%
Do
Mar. 24 99%
pref.
8,443 81
181a 12's
12''8
12^8 13
121a
1278 13%
13
North
American
13%
Co
May
1878
18
3,815
11%
*19
23
•20
'20
23
•20
23
23
*20
Oregon Improvement Co
22
19 Juue 14 2908
801a 80%
80
80
30
30% 30% 30% 30% 31 PacitioMail
40%
29%
Aug.
29
1,960
*o3i* 54
6514 551s
55% 55% 55% 55% 55% 55% Pipe Line t'crtiflcatesS
108,000 51% July 9 61%
IMia 195
I9314 I9414 192
195
191 195 Pullman Palace Car Co
1,744 184 Jan. 4:200%
83>4 83i«
8314 63%
83% 83% 83% 83% 83% 83% Si ver Bullion CertiUcates.... 175,000 82% Aug. 12 95%
*33
35
•33
85
34
34%
•33% 35
•33
34%
Tennessee
Coal
Iron
300 31% July 11 50%
A
100
100
100
100
100
Do
100 92 Feb. 23 108
«4i«95i«
pref.
94% 951a Pf^« 97'8 97% 98% 100
9678 98 We,stem Union Telegraim
40,0581 82 Jan. 19ll00%
* Iheae art the pHce« bid ana asked; no sale
made. 4Prioa« from both ExoUaages. x Ex dividena. U Lowast is ex dividend.
47%
110
1
pref.
& Western
'74% 75% 74
75%
pref.
Do
131% 131% Lake Shore & Mich. Southern.
131% 132
108% 108% 108 109 Long Island
67% 68% 67% 67% Louisville & NashvtUe
'21% 23
22
22 Louisville St. Loui.s & Texas
132% 132% 133% Manhattan Elevated, consol.
104% 104 105 Michigan Central
56
111%
Sept.
June 23
30% June 21
125
7% June 22
2,170 xll9%Jan.l5
119 Jan. 22
i',288 98
Sept. 6
250
979 July 19
100 38 Sept. 7
80
Do
80
pref.
38% 37'8 38% 38
33% Union Paoiflo
17% 17% 17% 18
17% 18% Union Paoiflo Denver A Gulf.
lOOs 10% •10% 11
•10% 11 Wabash
24% 24% 24% 2408 24% 24%
Oo
pref.
25
25% 25
25% 25
25% Wheeling A Lake Erie
65% 65% 65% 66
6578 66%
Do
pref.
24
24 14
24 »8 251s
65
651s
•15
•15
17
40
1,606
Lake Erie
I
41%
78% 78%
108 lllH
411a
155
lUiuoiB Central
23
4
14
16
21
28
28
S
11
4
94%
86%
Jan.
Jan.
70 66 Jan.
1,808 12278 Jan.
16,355 138% Jan. 19
Evanaville &Terre Haute
11
40
23
11
•37
32% May 21 46% Jan.
May 20 28
Jan. 9 64%
13 38% Jan. 9 44%
143
2,610
Great Northern, pref
97% 97%
Highest
Lowest.
Jan. S
Mar. 12
Jan. la
2,725
.
Do
'138
1893,
400 108% Jan. 20 123% June 8
pref.
Cleve. Clncln. Chic.
99
1,
sales in 1892.
10 139 Feb. 4 154 July
23,775 96% Jane 10 110% Jan.
60 Aug. 8 70 Jan.
125 97% Sept.
104 Feb.
62,751 75% Apr.
84% Aug. 1
858 120% Jan. 19 12878 Mar. 5
3,235 114 Sept. 1 12178 Mar. 5
14 141% Jan. 12 147% May 27
22,760 75% June 8 91% Jan. 7
3,600 44 Jan. 19 54% Aug. 5
12608
72% •70
112% 111
8% 8%
8%
16% 17% 17%
40% 40 >s *41
1051s 102
3514
62
JAN.
Bange of
24 59
98% 98%
£"*'•
Do
SO's 81% Chicago Milwaukee & St. Paul.
126%
126%
prel.
126%
Do
115 115% 11478 115% Chicago & Northwestern
81
•70
111
113% 113% 113
35
152
since
Apr. 21
57e
9 101 %
Mar. 22 94%
July 6 64%
Jan. 19 145
Sept. 2 35
2,000
10
2,050
5,250
16
2,732
Chesapeake & O., vot. tr. oert.
l8t pref
Do
do
2dprel
Do
do
Chicago & Alton
Chicago Burlington A Quinoy.
Chicago & Eastern Illinois
23
63
99% 99%
82
lllisll3
150
Do
1st pref.
Do
2d pref.
26% New York Lake Erie & West'n
Do
pref.
35% 37% New York & New England
249 252 New York New Hav. & Hart.
248 252
ISOg 18%
18% 18% New York Ontario A Western
15 New York Susquehau. & West.
14% 14-'8 15
65
65
65
65%
Do
pref.
•11
•11
12
12 Norfolk * Western
•40% 41% •40
40%
Do
pref.
19% 19% Northern Paclflc
19% 20
55% 55-'e 55% 55^8
Do
pref.
19% 19% •26"" 20% Ohio & Mississippi
26%
191s
•20
581s
46,828
Paclflo
80
36
41
231a
18
•72
•33
2508
14
30
80
23
22 '8 23
•60
63
•40
43
•86% 88
•86
KK
109% 110
109% 109% 109% 110
'16
17%
17% •15% 17% •16
•63
•11
*21is
•161s
*
•36
•87
14
•26
•73
AtclilBon
Atlantic
4%
RR.
Stocka.
Top. & Santa Fe
Active
38
90
12
23^
Week,
Shares.
'
132%
104%
16% 16% 17%
43
45% 45%
•II'b 15%
26%
26Te
26
59% 60% 59%
64
30
80
55>e
22>s
23
ism 133
252
I8I4
•11
Ills
66% 68
23% 23%
'20
37% *35
109% 110
17'j
518^1
e 14^
1938
- Si's
16
431s
1514
SB's
3714
249
•63
lOOg
23
23
132
105
•10%
1361*
•10%
13108
STOCKS.
37% 37%
•4%
and
Bales
of the
4 St. L.
pref.
32% •32% 33 Colninbas HocUng Val. & Tol.
311a 32%
•73
•74
75
pref.
75
•73
Db
75
131% 131% Delaware & Hudson
131 131% 132 132
153% 155 Delaware Lackawanna AWest
1531415414 153% 154
16
16 Denver & Bio Grande
I5O8 I5O8
49
49% 48% 48%
Do
pref.
48
4808
•4
•4
4% East Tennessee Va. &Ga
4% '4
5
•30
•30
36
•30
36
let
pref.
Do
36
9% 9% •9% 10
Do
2d pref.
•91s 11
•38
40
38
38
22>4 221s
23
23%
•74
75>4
75
75%
131iel3l'8 13116 132
108''8 lOS'e 1081a 109>s
75'4
9,
94% 95% Baltimore & Olilo
•67% 88% Canadian PaolQo
'88
89
57% 57% 56% 57 Canada Southern
130 130% 129 130% Central of New Jersey
•28% 29% Central Paoiflo
29
29
99
32
11>S
Ills
37% 37%
4% 4%
95%
95
1181s •117 120
62% 63
6318
40
23
*20
129
105
,
22%
&6is
1301s
•33
4
.
28
151
7318 73ie
131 131
1521* 155
I5214 155>s
16>4
47 48>4
*4
5
^40
sm
32
32
74
131
a*15>«
I. 8
561s
9909
•60
971a
8108
811s
125 >« 126
1261s
11478
1141a 115
1421s
"80% 'si
8008
4914
49%
49
118
1151a 1151a
62% 6318 62%
•60
81>«
49 >4
118
•87% 89
9908 lOOig
em
98
SCfl
r
4i«
95%
40%
'147
37%
.414
95 14
63
41
80
87i«
5
95%
eois
11408 114''8
sill
Sept. 9.
"di\i "22 la
*124% 125%
"49
Friday,
Sept. 8.
125% 1271a 128%
E 98'8 100
•^"80%
Thursday,
Sept. 7.
87 14 8714
560b 57
89
57
129»s
22%
>42
f22
Wednesday,
Sept. 6.
37%
SEPTEMBER
for week ending
FBIOBS.
Tuesday,
3678
*4
95I3
37
[VOL LV.
18
18
25
19
23
31
30
7
Aug. 19
Sept. 2
Aug 17
Aug. 23
Aug. 22
Jan. 4
Jan. 4
Jan. 4
Jan
Jan.
May
4
Mar. 10
Apr. 21
Aue. !•
Jan.
Srptrhbbr
NKW
THE CHRONICLE.
10, 1892.]
STUCK EXOHINUE PRICKS lCitntlnn9l\—I.VAaTll^E3TOC!KS.
Vl»KK
Railroad Hlorka.
Albany A eimqiirhanna
Atlanta A Cbarlntlc Mr MI
B«lleTllle A 8oiilb. III. ]<rt<f
.100 160
...100
...100
Beaton A N.Y. Air Line i>ret ...100
Brooklyn ElcvatedT
BalTalo Rocheater A Pitta
A Nor
A
39
R*
55
41
lOO!
A
Shore
100
100
100
100
100
Atlan.H
PreferredH
runt
100.
78%
R6
Pere Marquette
Preferred
•eori^la PaolfloD
30
SOif
3Hi
4>i
7
Memphia A Cbarleiton
MorrliAEasez
6
89
12
03
87
13
10%
100
109
.
!
Aug.
1*»» Aug.
35 < June
28 >• Apr.
87 Mar.
7 Jan.
13M Aug.
4% Mar.
96 Jan.
14 Jan.
July
Aor.
Hay
I
419 May
16>a Sept.
8 June 15% Jan.
152Ja Feb. 155 Apr.
164 Jan, 179 Aug.
11 Apr.
6>e June
40 >« June 59% Apr,
,
week
latest price this
NE"W
i
> Aug.
25
6 Jan.
14316 Jan. 155
Aug.
107% Apr. 113>4July
15 May
26 J«n.
50% May 59 Aug.
50
price Friday:
11
82
160
36
160
100
100
100
38
32
19
..
36% May
100
S8>a Feb.
I
'
i
ISO >• July
49 >a July
123 Aug.
88 July
101 July
14>« Feb.
104
Aug.
93i*Jun«
114 Jan*
103% July
18>« Jan.
160
29
104
25
July
Juo*
Aa«.
Aug.
66>4 Aug.
25 F«k.
27
82
Mar.
3S''g
Juns
Jaa.
4ei« Feb.
12 Aug.
45>iJan.
300 >! Aug.
114
Jan.
874 Aug.
4% Jun*
1
22>4Jan.
15i« Mar.
60>4 July
147 May
iAotual sales.
.
SECURITIES.
Ask.
Bid.
lOo!
too;
Biglittt.
lOViJuiy
33
40 Apr.
128 Mar. 151 Juiu
76 July
79 Mar.
4i«Jan.
1
Mar.
17% Jan. 32 Sept.
8>« Jan.
26 Feb.
Jan.
July
100 146 ISO 1 43 >• Apr.
Amerioui Bank Note CoH
49
Feb.
50>i 43
Amerloan Express
100 ;i20
lie Feb.
Am. Telegraph A Cable
100 i 86>a
80 Jan.
American Toliaccfl Co., pref ..100 97'* 99
96 Jan.
Brunnwtck ('onipaiiy
100
8
10
Ta July
Chic Jiino. Ry. A Stock Yards. 100
72 Apr.
Preferred
100
80>a Jan.
Citizens' Gas of Brooklyn
94 >4 Jan.
100tll3<s
Colorado fuel pref
100 102«t 104
99 Aug.
ColumhiisA Hocking Coal
100
12 May
Commercial Cable
100 158 160 148 Jan.
Conaol. Coal of Maryland
100 28
30
26 Feb.
Kdlaon Electric Ilium.
I00;i02>«
79% May
Laclede Gas
100 22>« 33
17*4 Apr.
prof
Do
.100
62
65
57's Mar.
Lehigh A Wilkes. CoalU
20
26
19% Jane
Maryland Coal
166 23
36
23 July
Minnesota Iron
100
74
73 Sept.
National Linseed Oil Co
100 ! 34'«
27 Jan.
National Starch Mfg. Co
lOO!
37
321a Hay
New Central Coal
100 10>« 12 >• 10 May
Ontario Silver Mining
100 1 49
37 •• Apr.
Pennsylvania Coal
50| 280
276 Feb.
P. Lorlllard Co. pref
100 111
114 Feb.
1* 85
Postal Telegraph— CableU
37 Jaa.
89
Quicksilver Mining
3 if
34 Mar.
lOOl
4
Preferred
100
17
16 Mar.
21
Texas Pacific Land Trust
12 July
100
U. 8. Express
55
60
41 Apr.
100,
Wells, Fargo Express
100 143 148 140 Jan.
lOBK STOCK EXCHANUB FB.ICV».—STATE BONDS
SECURITIES.
9
Adania Eipreas
3^Mar.
100
100 J 18% 20
Norfolk A Southern
56
100
63
Peoria A Eastern
12
100
Pitts. Ft. Wayne & Chicago.... 100 154
156
Rensselaer A Saratoga
100 170 180
RIohnaond Term, tr recta
100
Do
pre f t r. recta
100
No
A T. H
A Ban
in 1893.
Lowell.
iniarellaneou* litoeka
I
9 Mar.
20>4 Feb.
26 May
61 Aug. 60 2day
77>« Feb. 100 Apr.
100 Feb. 112>* Apr.
18
87
July
Aug.
Mar.
4
6>4
.
'
7TgJttn.
3
M. Y. Lack. A Western
Y. A Northern pref
,
63>« Aug.
80 Mar.
7 Jan.
8>4Apr.
3
June
25
100
Uezioan Katlonal
I
88% June
Feb.
19>f Jaly
ll\ 12
60 103
Preferred
;
Atk.
100
Island
pref
Fran, lit pref
South Carolina
Toledo Peoria A Western
Toledo St. Louis A K. CityH
Virginia Midland
May
lU Jail.
5
14
6
14
130R
5>a
Louis Alton
St. L.
160 Jan. 156 Jane
25>9 May
25 >i Hay
22
18
ereen Bay Win.ASt. P.tr.rect-lOO
Honaton A Tpxaa Central
100
100
Ollnola Central leaeed Unea
100
Kasavha A MIcliliran
Keokuk A Dei Moines
100
Preferred
100
LoaliT. Evana. A St. Lo., com. 100
Preferred
100
Mahoning Coal
50
Feb.
Jan.
Jan.
Jan.
Feb.
Jan.
36
»0 154
100
100 : 8l«
Preferred
8.
34
JoMph A Grand
St.
St.
Kan^ (MiUeii
atpL».
Bid.
tFIadloatfls unlisted.
Do
101*
31
165
Feb.
Tmtleatea actunl laten.)
(%
DfAonra Btockr.
Bigkttt,
125 Jan. 130
100 May 102
31 Jan.
32
35 % Mar. 44%
100
klliiniiaots
Plttsluiric
Oolnmbla A Orrriivllle i>t
Dei MolnrsAFort Dodge
Bnlnth
160
m
100
lOOi
Oedar Kalla A
165
83
in 1891.
l$€Uet)
Louetl.
141
100
Prefprrpa
aeveland A
Ask.
Bid.
Indicate* unllntfid.
Borl. (Vitar RaitUlii
Range
Sept. 0.
IHACTITl BTOCK»
tl
413
SEPTEMBER.
Ask
Bid.
9.
SECURITIES.
Bid.
1906 100 1024 'New York—6s, loan.
1893 102
S,C, (cont.)— Brown con8ol.68.1893
96
1906 104'4'105's North Carolina—68, old
J&J 30
Tennessee— 63, old
1892-1898
62
1906 92i«
Funding act
Class C, 4s
1900
10
Comi i-omise, 3-4-5-68
1912 72
1920 95
96
New bonds. J. A J., 1892-1898 15
Correnoy funding 49
New settlement, 6s
1913 101
5
12
Chatham RR
Arkansas—6s,fui:d.Hol.l899-1900
24 5
5s
1913 100
do. Non-Holford 160
190
Si>ecial tax. Class 1
34 44 3s
1913 754
3
7s, Arkansas Central RR
7
Consolidated 4s
19101 97
100
Virginia—es, old
50
tioniatana— 7a, cons
.....1914 105
6s
1919 124 127
68, consolidated bonds
50
Bfiuiped 4a
914 924 Rhode Island—6s, cou.. 1893-1894 102
6s, cousolidated, 2d series, raets.
55
,1894-1895 104
Missouri-Fund
South Carolina- 6h, non-fund. 188S|
2%
6s. deferred, t'st rec'ts, stamped
659
Alsbama— Class A, 4
Clau B, 6s
New York
8, 1892,
1
to 5
Bank Statement
Cltj
We
as follows.
is
omit
for the
week ending
Sept.
tioo ciphers{00) in all cases.
omtttoU
Capital, aurplw.
•
Bank of New York...
Manhattan Co
If srcbants' Kichauge
eallatln National....
Batchers'
Drovers'
6,981.7
167,3
1,680,7
398,4
35,607,0
4,101,1
6,774.7
Qreenwlcb.
Leatnei Mannfact'rs.
Beventh National
400,0
300,0
600,0
300,0
York....
1.200.(J
American Sxchauge..
Commerce...
Broadway
MeroantUe
S,000,0
6,000.0
1.000.0
1,000,0
422.7
1,600.0
460,0
200,0
3,470.0
1,133,2
8,677,7
1,703,0
3,308.8
17,772,0
20.583,1
A
Mechanics* A Traders
Stauot New
raolfio
Bepablio
Caatham
Peoples'
North America.
Hanover
Imng
Citlsena'
N«s»»n
.Market A Fulton
•i. Nicholas
Shoe A Leather
Com Exchange.
CjntUientaL
OnentaL
.
Importers'
P»rk
A Traders'
Xmi
Rlrer
Futirth National
•
Bowery
New York Coon^..
Gdrman.Amerlcan..
iCsase National
?
Avenae
Osrman Exchange.
Fifth
,
Germaola
Cnitedsutea
LiBooLn.
OirteLd
FAh National
B ink of the Metrop.
West Side.
B«»boanl
eiith N»tin-.»i
weium
Kriit 3ia>j
Sonthen
't'otH
•
700,0
429,4
166,3
676,0
70,8
494,6
2,203,9
8,393,8
1,629,6
1,013,0
437.4
841,1
863,8
336,4
605,4
1,000,0
1,773,0
600.0
euo.o
600.0
760,0
600.0
600.0
816,0
440,3
366,8
788,0
130.2
348,0
1,000.0
1,000.0
1,295.1
300.0
1,600.0
X,OOO.U
260.0
0«otral National.
BaooDd NationaJ
Nmth National
FuBt National
TUrd National
N.T. Nat'l Kxchange
".
IM.S
8,200,0
2,000,0
800.0
760.0
600,0
1,000.0
800.0
260.0
200,0
760,0
600,0
100.0
200,0
200.0
600.0
IWO.O
300,0
200,0
300,0
200,0
600.0
300,0
2.100.0
iO0.U
1 OOO.U
i7l.O
428.3
6,405,0
3,933.8
136.6
1,796.6
619.6
440.3
196.5
7,147,3
82,3
164,8
631.6
663,6
397,4
1.058,1
898.6
656.3
6'iU,2
510,3
407.0
460.6
386.0
693,7
368.6
201.2
847.7
323,8
783,6
130,3
LetaU.
Sp4eit,
13,3110,
13,'2«0,
7,744,
8,634,
19,561,
5,3»1,
13,645,
2,757,-
1.869,1
1.800,0
1,848,0
1,838,8
1.20 ,0
2.790,6
669.0
1,904.8
885,3
6.885,6
21,6!(8,4
1C,047,0
6,236,0
3,306,0
37,227,8
6,465,9
1,644,0
3.889.0
3,277.3
2,067.4
16,140.8
6,'!
86.1
3,t>20.2
3,Ub4,3
8,663.0
6,140,8
4,176.6
1,856,0
4.881,4
2,307.6
4,722,0
1,705,0
13,062,9
4,881,0
2,211,7
23.3'i3.8
6,7lu,0
16,837.0
3.171.7
36,476 6
2,610.0
2,017,1
469,9
1,391,2
438.1
2,261,3
798,4
323.7
819,5
1,601,4
16.3 77,0
14.9««,7
6,2X4.5
9,81 t.l
8,063.8
16.505.2
8.576.8
8,057,0
5,505,8
19.448.7
388,'^
8,'il6,0
165,7
366,2
74U.7
3,957,3
3,045.7
4,756,2
180,4
857,'2
3,-.<30,l
438,0
686,0
285,0
816,2
288,0
3,673,0
7,073.2
5,9S0.6
1,973,0
24,29i,0
33.056.4
1.026.0
22,601.0
12,OOU,0
6,231,0
4,250.9
26,845,1
839,8
1204.7
1,022.0
3,436,0
633,4
2,239,3
«
12,690,0
13.161.0
7,711.2
7.010,0
1.818,0
1,793.2
1,188,1
24,681,0
38.606,0
802,0
»24.1
660,0
3,884,4
819,3
566,9
212,8
346,0
114,9
628,8
8.111.4
2,870,0
11.660.7
6,139,8
3!l72.7
6,539,5
16 346,5
8,233,0
3,980,1
2.923,8
4.462,7
2 114.1
5:311,1
3,160,0
1.470.0
443,2
636.8
280,6
18J.0
152,7
491,7
447.5
191.9
e,049,-.t
2 977,0
8 305,8
DtfotU
•
•
1.904,2
1.712,5
913.6
1,916,6
3,243,9
437.7
3.808.4
CUemloaL
I
9
2,000.0
2.0S0,0
2,000,0
2,000.0
3,000,0
1.000.0
1,000,0
780,0
SOO.O
600,0
1,000.0
300.0
Msrohants'
Msobanlos'
America.
Phenlx.
City
Tradesmen's
,
«
Leant.
187,7
1,664,4
1,026,6
143,1
627,5
5,009,8
384,2
46»,8
263,3
663,0
1,866.6
1,166,1
167,3
4,874,0
6,032,4
131,4
4,644,4
2,143,0
1,01. >.0
471,8
4,389,3
636,0
66.8
616,0
615,0
426,1
3,245,7
1,136,9
195,6
890,2
1,658,7
1,410,0
1,083,1
418.
.<
956,S
469.-.:
80I.U
331,0
686,9
1.01 1.0
102.7
«6,7
471,8
1,281.0
•.i,669.7
156,9
1,206,3
1.182,0
625,0
712,4
2,287,8
1.029.4
316.9
160,0
99,4
205,0
1,466,5
376,3
4,846,6
3,138.8
1,923,4
2,405,0
1,120,7
3,381,0
1,811,8
2.53;,
6,91lt,0
l,5a2.8
a.ooo.u
3....
Aug.
20...,
27....
Bom on.*
••
Sept.
8....
PBIIa.'
Aug. 20....
'
Sept.
27...
3 ...
* iVe
88,793,7 109,078,0
85,783,7 108,111,0
35,793,7 109,88l).0
10,1 10,9
6367,6
6.036,3
2 031,4
5597,1
21481,8
8466,0
1
534,0
13031,5
&182,0
1
713,4
'6C.42i,7 167,390,5 187,101,7 79,657,1 66.334,7 609.008,3
3K-<!'!'n'
8,089.01116,417,0 4,83>),0
6,485.0 111,831.0 4,9J9.0
5,953,0 145,116,0 4,»J7,0
33.391,0
38,251,0
38.6 J8,0
omit two ciphers in all ths»e fijuret.
due to other banks."
dalohla, the Item "
83.741,4
74.963.9
83,030,7
119,430.0 8,536,0
119,695.0,3,631.0
U8,1<S,0I3,515,0
t Inoladlng, for
63,139,4
65,139.8
66,613'0
Boeton and PbUa-
Miscellaneons and Unlisted Bonds.— Stock Ex. prices.
MiHcellaneoas Bonds.
Amer. Water Works— let, 6s.
l»t cons. 5a,
g
Mlscelianeons Bonds.
Pe )i)le's Uas A C. ( lit g. 8i.
,
Cababa Coal mTu.- 1st g. _
i'io' *b.
Ch, Jun. A S. Yds.— Ujl.t.g.,6s
Coloiado Fuel— Gen. 88
Col. 4 Hoci.Coal A I.— 68,g.
CuDsorn Coal —Con vert. 68.. 104' 'b.
ConH.li»,iCo..Chlc.— l8tgu.6s
83
lieuv.c.Wat.Wks.— Oen.g.6»
Kilisou Elee. lU. Co.— let 5a. 105
b.
b.
102 4a.
103 b.
Mutual Union Tele^.- 6s g
ii()"b.
—
Chicago ...(2a
Co.,
Pleas. Valley
g. 68.
g. 88.
l8t,g,,6a.
Coal— Ist
Procter A uamble—
Security Cur. 1st coq.,
Wheel. L.K,AP.Coal-.l8t,g.58
Unlisted Bonds.
A Vic.ks.-Cousol, 58, g..
Vicks. A .Merld., lat 6s.....
Atlautji A Chlrl.— Ist 78
Coinatock
Tuunel- loo.
Qeorgla Paolllc
.
107
a.
1014b.
99 ^.
IJ3
b
g., tia,.
964b:
Western Union Teleg'fi -78.. 1164».
Ala.
A P.— let 6s
lluuileraou Bridge let g. 6a.
Hu:>i>ken Land & Imp.— g.63.
KquliabletJ.
Is...
1st S g
2draort. Inoone
...
1
78
a.
80
b.
b.
100
116 h.
18 b.
103 Si!.
.
Nutloual 8tsrcb Mfg.-l8t,6a. 105 a.
COBSOL5g
...„. 166 b.
N orthwestem Telegraph —78 107 4b.
Income 68
.....
il
b.
peoila Water Co.— 6<, g..
100 b.
Mem. A0harleeton-0oo.7g. 96 b
NoTi.— "6" indicates orloe bid "a" orioe (Uktd.
• Latest price this week.
;
Bank Stock List^Latest
BANKS.
America
,
Bid.
211
Am. Exch... 167
Bowery
309
BnMMlway... 276
Bntcha'A Ur. 185
160
634.9
80t.0
167.6
464.4
18<.0
588,0
302.0
Ltja'j. iDspinUt.i
Specie.
64,612,9 186,219,0 10,281,0
64,612.9165, 981.0 10,104.0
64,642,9 167,110,0 10,102,0
Chase
1,111,4
Loam.
127,8 I3,2ll90.86',7 81,709,3 57,3<8.9 517.0J1,3 5.351,0 535,537,9
137,813,2 187,101,7 79,557,1 53,321,71503,005,2 6,12j,8 687,360.0
3 731.li
3288,1;
8,608,6
268,0
381,1
27....
Sept.
3,511, :
5927,0
84
Boston and Ptiiiadeiphia Banks:
i
N. Varic.'
S
*
S
«
«
*
•I
Aog. 8.... 127.812,4 468,777,1 90.835,9 60,378,1 5 H,482,3 5,338.5 607.351.S
"
13 ... 127,813,3 139.771,7 87,773,3 69,308,0|625,231,1 5,«0i).3 6t607d.6
"
20 ... 127.813,2 192,05l..( '16,091,3 57,337,6 521,112,1 5,H6,1 561285,0
'
137
17.942,1
105
103
76
<ti
Survtv.
Central
4e>,0
888,0
2,741,6,
City,
capital
BxWKS.
Basks.
(OOt
New York
93
Ask.
216
160
316
240
190
140
Chatham
.... 100
Chemical.... 4400
City
160
CltlsAUS'
168
Jolumbla.... 270
Jommerce... 196
Oontiuental 130
Com Kxch... 360
Deposit
112
Bast Kiver.. 116
lltn Ward... 200
nf'b Are
4800
600
166
iVi"
140
20uO
830 836
Fifth
First
first N., 8. 1. 110
401 8ti«et. 170
Fourth...... 200
2071
prices of
BANKS.
9allatln
Bid.
SIO
I
bank stocks this week.
Ask.
Banks. uia. as:
New York... 233 240
,
Oarfleld...... 410
German Am. 130
Qerman Ex. 330
N.Y.Ooaoty. 620
N.Y.NaUKi.'UO
376
Oermanla.... 330
G-reenwloh... 160
Hanover
340
Hud. Rlvar.. 150
850
Im.
630
20J
A Trad's'
dOJ
Irving.
180
Leather M(i>' 210
Lincoln ......' 4U1)
Manhattan... 182 4
MarketA Fol 220
Mechaulos'.. 182
M'chs'ATrs'. 180
Mercantile... 230
Uerchauts'.. 117
Merch'ts Ex. 128
7
Metropolitan
Melropolii... 400
"t. Morris .. 280
array HIU. 300
166
Ninth..
131
18th Ward.. 170
N. America.. 1166
Oriental
'330
Paoiflo
180
140
124
1
Park
816
316
PitKlnoe Bx.'l30
{170
U5
1812
People's.
I30O
Phenlx ......1130
RepubUo.
335
190
100
'210
155
135
12
Sjaboard .... 178
Second. ......' 325
'136
SevsnUi
SheeALeatta. 166
172
180
166
St. Nloholas. 130
SuteofN.Y. 116
Third
130
Srestnael!
I80"
102
11
TradMoua'K IM
Cnlid8ia*«M 10
276
226
12J4
THE CHRONICLE.
43 4
[Vol. LV,
BOSTON, PHIL^DELPttlV AND BVLTI.ttOBE STOCK ."iXCHANGES.
Sales
g^ Share Prlceii — not Per Oentnm Price*.
of the
Active Stocks.
I
Saturday,
Monday,
Sept. 3.
Sept. 5.
Indicates unlisted
3638
& 8. Fe (Boston). 100
"
100
* Pac.
Baltimore & Obio (Salt.). 100
*.ich. T.
jLtlantlo
Tuesday,
Sept. 8.
37%
37
37
Wednesday,
Sept. 7.
97
"
100 132
"
100
2d preferred
100 205
Boston)
Albany
.
A:
Boston
"
100 181
Boston & Lowell
"
100 175
Maine
&
Boston
"
100 •15>a
Central of Mass.
"
100 *38>«
Preferred
"
100
OhIc.Bnr.AQuln.
80'8
(Phil.).
\00
&
St.
P.
Mil.
Oiilo.
Oalc. AW. Mlch.r^osfOTO.lOO
"•5'4
"
100
Canton
*
Oleve.
"
100 *17
Preferred
"
100 87>«
Fitohbnrg pref.
"
100
f 1. & Pere Marq.
"
100
Preferred
..
Hont. & Br. Top. (Phila ). 50
"
£0
Preferred
"
50 58%
LeblKh Valley
Maine Central (Boston). 100 •ISO'*
"
100 14's
MBilcan Central
"
100 34 "a
IT. Y. & N. Eng.
"
100 85
Preferred....
Central (Ball.). 50 •61i«
16k
*38
39 «s
8II4
-48
"h"
•SM
Slh,
74
33
202
25 34
*9
25
25 '290
"
(Salt.).lOO
"
85
85
*64i«
1914 "igii
54>« 55
d
rie Trtlenhoue
rBo»(on>.100
100
General Electric. "
"
100
Prsferred
"
Iikmson Store 8er.
50
Iiehi'hCoal&Nav 'Phil.j 50
W.Eng. Telephone (iJ"»<'»!;i00
Horth American. (PhiL). 100
WestEndLand..
*
prices:
*15
45%
•1714
53-8
57 "a
1713
Baron
*57
13
175e
S?"*
171s
Ask.
Bid.
67%
*18
*87
6
19
87%
75
34
54
.
8913
1301a
34%
5414
591s
130%
15%
375>,
90
90
*64'a
89
65
sals
65
9U
65
19%
la^'e
lifs
191a
1978
*85
19''8
65%
55
ism
551a
180
54=s,
31
*758
3m
8%
285
llO'sUl^
lom 104%
205
285
•I714
8I4
'17»8
577
6,821
5
805
18,680
60
•45
112
118
119
18
3t»8
385
135
8I4
205
30% 32
57
*57
13
18
*1758
119
18
5314
13
5
135
1 23
209
Juue 16
185
June 22
Feb. 15
Mar. 9
1831s June 30
ISk June 21
43% Juue 22
10 110% Jan. 28
12
2
841s Aug.
2
25
28
55
8
24%
e.l.'O
1
Mar. 31
Feb. 13
Jan. 4
May 13
Mar. 25
Apr. 6
Apr. 19
July 8
Feb. 11
May 17
Ills Sept.
2
Jan.
4
3L
75
63
5314 Mar.
4 1141a Jan.
3
Aug. 25
May
9
69% Mar. 16
July 13
26I3 Jan.
721s Jan.
5
8
25 x223%Mar24 232 June 17
225
71s June 6 10% Feb. 18
39,069
78% Jan.
1,259
901a Jan.
102 192
8
9
2801a 280"-a
731*
"oo" 6018
60
•45
451s
1131s 1131a 114%
.^318
4
Jan.
5''8
100% Mar. 15
18% May 21
51 '8 May 24
3,377
30%
6,'3
1,98
2=5
*i7
46% Jan.
2 23
19 92
20 2813
27 87
231s Jan. 27 3714
46i3Jan. 21 651s
SOijJan. 13 621a
112 Mar. 14 1371s
7
40
•253
731«
53%
*i2''e
lllia 11214
205
814
2!>0
1,526
7 ''8
1051a
205
31
4
84
130
116
32 199
40 173
758 159
18 151a Apr.
200 33 Jan.
9.691 961a June
7,900 75% Apr.
48 Feb.
514 July
50
400 171a Sept.
274 SHaJan.
19 July
101 74 Aug.
"15
230
7'8
7'8
205
119
13
'4
381a
104% 105
32i«
Highest
21
Mar. 9
Jan. 6
Jan. 12
Jan. 18
Jan. 8
Jan. 5
Jan. 28
61 1641a Jan. 5 187
May 11
2,728 54 14 July 7 57% Jan. 2
541a 'sis,
3lia 3lis
305 311s Aug. 6 40% Mar. 3
123,662 193u Jan. 19 34i4Feb. 11
271a 27
*6
7
Mar. 29
7 Feb. 15
5
37^8 38%
2,556 3H''8Jiily 13 SOHJan. 4
229
*7%
*72
73 1«
KOI4 60>4
*45
lllTg 112
17=8
29
7''8
11214
205
545?
29
229
230
Lowest.
1892,
180
5413
»6
3818
in
32% May
46,060
65
65% 65%
55%
1S2
27-'i6 i'7%
38I4
38
;30
57
Bid.
Inactive stocks.
United Gas Impt.
(Bait.)
(Bull.).
25
25
Water Power
100
•17
5318
*.>7
13
18
*13
"iVo
10
6,740
26
18
53I4
622
6
...
I3I4
*17% 18
Mar.
8c pt,
July
Feb.
6OI4 J an.
43 Jan.
431a Jan.
115% Aug 25
IO718 Aug. 19
Jan. 15
45'8 May 28
Jan.
6
171a
210
300
73
Aug. 15
Aug, 23
61% Aug. le
471) July 14
141a Feb.
481a Jan.
21
55%
.Mny 12
Feb. 12
Feb.
.May
58
Aug. 31
18%
Jan.
2
May
10
50%
12.-1
13
200
16% Jan.
2OI9
26
76
2714
514
"
"
"
"
6
"
5
12
S
25
100
25
.
82
57'8
115
1106
104
S
5
931a
U97
97%
:K.C. Mem. & Bir.,l8t,5s,1927, M&S;5
IK.C. St. Jo. & C. B., 78. .1907, J&J
30
L.Eock&Ft. 8.,l8t,78..1903, J&JS 93
Louis.,Ev.&St.L.,l8t,6g.l 926,A&0 §1110
2m.,5— 6g
1936,A&O5U00
Mar. H. & Out., 6s
1925, A&O
Exten. 68
1923, J&D 100
IMexican Central, 4 g... 1911, J&J
66 14
let consol. incomes, 3 g,non-cum.
25
2d consol. incomes. 38, non-cum.
,N. Y. & N.Eng,, 1st, 7s, 1905, J&J
1st mort. 68
1905, J&J 111
2d mort. 68
1902, F&A
lOgden. & L. C.,Con.6s.l920,A&06
Ino.68
„1920
Rutland, Ist, 6a
1902, M&N
2d, 58
1898, F&A
,„ Bonds,— Phiiadel-ihia
I
Catawissa, M.,78
1900, P&
Char. Cin.& Chic.lst 5g, 1947, Q—
Clearlletrt &Jcir., 1st, 6s. 1927, J&..
Conneciiug. Os
1900-04, M&S
67
15
121
112
104%
108
30
&B'd Br'k, Ist, 78.1905,F&A
127,
E<«toL&Ani. lslM.,3s.l920,M&N 110 111
'r. &Wilm.,l6t,6s. 1910, J&J.
11914
111.,
V Br'd Top, Con. 58 '93,A&0 103
il.ei,
.Sav. 4ia8
110
1914, Q—
'^'-'Old
1897, J&D 110
|Del.
5>8 Kii
.
'
1 '^ I
!
'
,
1
'
iMt ]»nae tlua we«<
I
Bal.&OhioS.W.,l3l,4%g.l990,J&J
Alleglieny Val.,7 3 10s, 1896, J&J
Athiutic City Ist 58, g., 1919, M&;N
Belvidere Del., Ist, 68. .1902, J&D
I
A 8k
Bid.
Bonds.
1919, Varj
58, r
1913, J&Di
Collat. Tr. 4% g
J&D
1906,
2% Pa. & N. Y. Canal, 78. . .
1939, A&O
38% Consol. 5s
Q—
Perkiomen, 1st 8er.,58.1918,
83% Puila.& Erie gen. M. 5g.,1920, A&O
1920, A&O
Gen. mort.; 4 g
58
Phila & Road, new 4 g., 1938, J&J
l8t prct income, 5 g, 1938, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
104% 3d pref. income, 5 g, 1938, Feb. 1
104
1893, A&O
2d, 7s
1911, J&D
103
Consol. mort. 78
92T8
191 1, J&D
Cou.sol. mort. 6 g
Impr«vement>f. 6 g., 1897, A&O
Con. M.,5 g.,stamped,1922,M&N
Phil. Wilm. & Bait., 4s. 1917, A&O
90
Pitts. C. & St. L., 7s. ...1900, F&A
107
Po'keepsie Bridge, 6 g.l936, F&A
Schuyl.K.E.Side.lstS g.l933, J&D
Stcuben.&Iud.,l3tm.,5.s.l914.J&J
ls:)4, A&O
United N. J., 6g
Warren & Frank.,l8f,78,1896,F&A
90
104%
Bonds.— Baltimore. _ ..,
Atlauta&Charl., 1st 73, 1907, J fej
1900, A&O
lucome 63
124
Baltimore & Ohio 4g., 1935, A&O
Pitts. & Conu., 5 g...l923, F&A
Staten Island, 2d, 3 g.l926. J&J
j
I
And Momed InteraM.
92
,
,
I214I
.
33
105
1221a
Eree.Elk.&M.V.,l8t,63.1933,A&0 fl22
Unstampedlst, 6s....l933, A&O Jtl20
K.C.C.&Spriug.,l8t,5g.,1925,A&0 5t...:,
'k. C. F. 8. & M. con. 68, 1928, M&NlSf
I
12% 13
100
50
Det. Lans.&Nor'nM.7s.l907,J&J
Eastern Ist mort. 6 g., 1906, M&S
,
5%
62%
1
.
iChlc.Burl.&Ciuincy4s..l922,r&A
Iowa Division 4s
1919, A&O
IChic.&W.Mich. gen. 58, 1921, J&D
Consol. of Vermont, 58.1913, J&J
Current Kiver, 1st, 5s. .1927, A&O
I
10
10
25
25
tr.
Ask.
Penna. Consol.
At.Top.&S.F.100-yr.4g.,1989, J&J
100-year income 5 g., 1989.Sept.
Burl. & Mo. Kiver Exempt 68, J&J
Non-exempt 68
1918, J&J
Plain 4s
1910,J&J
Chic. Burl. & Nor. Ist 5,1920, A&O
1918, J&D
2d mort. 6s
Debenture 68
189G, J&D
10
9
241a'
(Phil.)
( feosfon)
"
recH
Bonds— Boston.
Westing. El.
90c.'l-00
t
(Boston). 50
'.\
t
ISis
8714
8118
15
.
BaOMed.
18
'»15
"
Kearsarge Mining..
10>4 101<i
Met. Trac. Co
(Phtla.)....
,-«..a.i.... tlb»S( 13i)T»
mort. 4138, g. 1924, Q—F
<
Morris Canal guar. 4. (P/i if a.) 100
Lehigh Valley, 1st 6s. .. 1 898, J&D
Preferred guar. 10
"
100 :iOU
2d
78
1910, M&S'
Osoeola Mining
(Boston). 25
29
30
Con? il. 6
1923, J&D
Pullman Palace Car..
"
100
jNorUi .oisu. l8t, 78.. ..1896, M&N
Qalncy Mining
"
25
Gen. M. Vs
1903, J&J
Tjmaracit Mlninif
"
26 154 lisii' IPennsj'vaM'i tfeu.6B,r..l910, Var
"
Thoni^oii I-:!**. \v..M'
lop
'^OT.''-^
"=^. Vo
1
*3%
IO'l)
35''8
Thom.Europ.E.Weldiy (Boston)
'•
Ulnols SteollI
5%
5%
40%
Range of sales
no sale w»s made,
(Boston). 25
.Mining
I8I4
99%
81%
174
17
15%
53% 53% 53
mscEUJUKons.
Centennial Mining...
Fort Wayne Elecuic?
Franklin Mining
Frenchm'u'e Bay L'nd
112
119
*17i4
.
Oas
9
295
'
18
53%
"
Har.Ports.Mt.Joy&L.
50
31
Kan. CyFt.8.&Mem.(Bo«(o»)-100 1 30
38
Preferred
"
100 tlOO
"
K. City Mem. & Birm.
100 t
16
Little Schuylkill
(Phila.). 50
Manchester & Law.. (Bos(o?i). 100
Maryland Central
(Bolt.) 50
Mine Hill A 8. Haven (PAifo.). 50
73%
"
NesquehouiugVal....
5C
S3
Worthern N. H
(Bosfon). 100
Horth Penueylvanla. U'hila.). 50 86
Oregon Shon, Ijve... (Boston) 100 22
24
Pennsylvania AN. W. {.I'ltUa.} 50
51
Baleigh & Qaston
{Balt.)100
Batland
(JBosfon) 100
31*
4
Preferred
lOO
70
Seaboard & Koanoke. (Ball.) 100
Ist preferred
'•
loo
,
West End
,{Bosloti). 50
72% 7314
"
Preferred
50
871a 88
West Jersey
(Phila.). 50
64
West Jersey & Allan.
"
50 20
31
Western Maryland..
(Ball.). 60
14
"
WUm. Col. & Augusta
100 107
"
Wllmlngt'L&Welaon
100 115
Wisconsin Central... (iosfon). 100
16i« 16
Preferred
"
lOO
Woro'8t.Na«h.&Roch.
"
100
State
9
'290
111
Delaware* Bound Br.(PAifa.).100
Boston Land
33°!.
"eo"" "60
45>g 45i«
119
'
202
8118
*16
4018
991a
80'3
36''8
3818
7
lia'^i
35%
38
sm
'
58% 59
lok
511s
32%
(.Baft.). 100
84
90
Providence (£osfon). 100 251 252
0»mden&Atantiopf. (PA ifa.). 50 27
"
Catawissa
50
"
1st preferred
50
60
"
2d preferred.......
50
59
Central Ohio
53
{Ball.). 50
55
"
Oharl. Col. & Augusta
100
10
Connecticut & Pass. (£octon). 100 123%
"
Connecticut Kiver...
100 225
B»y
132 135
120 125
205 13 2051s
35if
26T8 279i„
*6
202
c&
Atlantic Mlniui.'
135
34H
*15
109'e 112i< 111
1031a 103=* 104
Price$ 0/ Sept. 9.
AUonez Mining
9514
130
27%
7'8
AUanta & Charlotte
Baltimore Traction..
Oily Passenger KR...
95
131
545e
2281a 230
llOklU
Inactive Stocks.
Boston
95
74
331a 34
•52% 531*
541a
311a
2658
9%
*59''8
(BosVn)....
Bid and asked
37% 37%
4%
99ifl
32
182% 182%
103^
202
34
73>4
6OI4
100
68'8
141(1
295
'
58I4
59
131
341s
losmim
103=ii
74
33%
o
•514
*17ia
74
31
Ti»a
.
"
Sept. 9.
37 'e
5
51
6
74
33
Ilk
85
100=8
Si's
87% 87%
58
34»s
99%
811a
*48
87%
59
1914 1914
Morthern raclfic (Fh Ua.). \00
"
100 SI'S 54^1
Preferred
183
Old Colony.... (Boslon).\00
54%
i"ennBylTania.. (Phila.j. 50
"
50 •aiHi
Fulladel. & Erie.
2678 271s
50
"
Phlla.A Reading
Bummlt Branch f^o«fo»i; 50
"
100 3714 37^
Onion Pacific
Onitedco9.ofN.j.rr;ii;a.;ioo 228 Ml 230
7'
*7-'>8
Wester nN.Y.&PaCPAifo.;. 100
"
6
*17io
871a
18'-«
Worthem
Boist. & Montana
Batte& Boston..
Oalumet&Hecla
Canton Co
Consolidated Gas
100i«
81^.
99%
SI'S
Shares.
8.
181
181 181
181
174 1»
1741s 172% I73i«
*15ia 161s *15ia 161s
16
•38
40
3914 ^3y<
40
181
173
le
Week,
Sept.
20514 '205
2051s 20512 205
205
181
175
f
Friday,
37 14
135
iBt preferred
Hlxcellaiieonv Stocks,
37%
3718
5
97'
A.m.6ng'rRe6u.\,(SostoH)....
"
Preferrea
'
100
B.-U Telephone ..
Thursday,
103%,
1 1 1 1»
133%
131
111
126%
130%
CapeF.&Yad.,,8er.A.,6g.l9l8, J&D
..1916, J&D
Series B., 6 g
1916, J&D
Series C, 6 g
1930, M&S
Cent. Ohio. 4 % g
Charl. Col.&Aug. 1st 78.1893, J&J
Ga.Car. &Nor. l8t 3 g..l929, J&J
North. Cent. Os
1900, J&J
1904, J&J
6s
1926, J&J
Series A, 58
1925, A&O
4%8
Oxf.&Clark.,iut.gu.,6 g.l937,M&N
Pic(lm.&Cum.,lst, 5g.l911, F&A
Pitta. &Connells. 1st 73. 1898, J&J
Virginia Mid., Ist Us. ..1906. M&S
1911 M&S
2d Series, Gs
3d Scries, 68
1916, M&S
4th Series, 3-4-58
1921, M&S
5th Series, 63
1926, M&S
West Va.C.&P.lst,6g. 1911, J&J
West'L y.C. Consol. 6 g.l914, J&J
Wilm. Col. & Aug., 63.. 1910, J&D
Ill
123
....„
...>•
103
115
101
87
......
.-»••
76%
67% 68%
39% 60
105
131
120
107
lot's
115
^
65
110
103%'.
103
106
I
120
'lOO
jl02%
mill 102%
,105%
103
;
\
1
94
94
94
101% 102
112
116
110
1I19I4
107
114
jll4%
iii'"|llllll
81
97% 99
103%
86%
117
MISCELLANEOU.S.
Baltimore— City Hall63. 1900, Q—
Fauding63
1900, Q-i
West Maryl'd RR.
Water 53
Funding 58
Exchange 31^8
6s. 1902,
.
J&J
1916, M&N
1916, M&N
1930, J&J
Virginia (State)3s, L-ew.l932, J&J
Chesapeake Ua3, 68
190a, J&D
Cou.sol. Gas, 68
1910, J&D
1939, J&J
58
Ill4
114
114%!
124%125%
124% 123%
100%: 100%
74%
74
113
""'"
'109
III6
100%
Srptembkr
THE CHRONICLE
10, 1893.]
415
NKW YOKK 8T0CK EXCHANftE PRICES (Contlnmi).-AOTTVE BONDS SEPT.
OMnt
tumg*
Italtit in 1892.!
—
Priet
'
I
Srpl. Oj
XiowMl.
KaIUWAD kVO
MiSOIL, BOITDf.
lt09.
Pfict
tlUtt'll]
UighttU
I
AND FOR YEAR
9,
Lmicu.
iPtriod.] flepl. 0:
//vAut.
I.
Q—
*
dob., 8 n.lPOO,
AtropASI-'-lU*' J''-.-^Kl«'*9 J
Ami«r. Cotton
(.ill,
1»89
100y<-»r
liuv>mi>,r>fi
Atl. .V I'rto.— 'liiar, * K
1"J37
>»l<>
W.I>. Inc,6«
BrooKI'ii KUniifrt l(il.0,K.t92i
Soutb.— l9ti?uar.,nB 1»1>B
(J»n.
Ill
J 83
dk
J
A
*
81^
A8>8
»ept-
J
J
67»iib.
11 b.
SS
67
10
b.
Ill
A * O 120
J lOll
8 lOlis
is»12
I<n2
.^«
66*1 Jan.
74 Jan.
14>4 Jan.
Aiii{.
100
67
Jan. 119 July
Jan. 1110 Juno
Mar. 104'e K«h.
85 Fob.
Sept.
Jan. ,110 Juno
115
120
M
I09>« Jan. 114
109>«Jaii. 114
il02
94
Jan.
I05>«Jan. Ill
ik
N lul
b.
June
85>ii
MA
•'>
mortir;iK<>,
Fell.
May
Jan,
|123>s .Mar.
,
I
&Iiiip.,5ii....l«21 J
Oentral Pa(Ulo-«JoUl,«»..18!)3 J
Ohe«. AOhlo-M»rt.,0 n..iail A
i
Juno
June
Aug.
ii,
»r
MAN
loi>e
MA N lOO'eb-
Jan. 104
Apr.
97i« Jan. 10419 Apr.
(
,(- 1*1,4-5 g. 1 982
1982 Oot'b'r 47 b. 47>a Sept. 53:^1 Feb.
i
A J 91>«a. S8 Jan. 94% June
aia«.«jaa J-. AC.-l«t,5it.l937
A
127 »»3. i'25>4 Jan. 132 14 June
Chic. Mil. &8t. P. -roii.-s. 1905
A
112>9Jan. 11619 Apr.
lat,8oiitliwpst Uiv.. tt8.1909
A
118% 113>i Jan. 118 June
lat.Bo. .Min. 1)1»., GS....1910
A 110
lBt,Ch.*l»*('.W.l>lv.. .'>S.1SI21
106 Jan. 111 J une
A 103
1 00 >4 Jan.
106 Juno
CUIc. A Mn. RIv. l)W.. 5«. 192G
106
A
Wla. i Mluu. Dlv., 5 K..1921
103 Jan. 103 May
A 108
1914
Terminal, 5 g
103 Jan 108% Aug.
A
91
92>9 June
88>4 Jan.
Gen. .M.,4({., Belies A. ..1989
A
*i:4 b, Ill >4 Jan. 117 Aug.
MIl.A Nor.— iKl, oon., (>«. 1913
137
b 137 Feb. 1 42 Apr.
'ahle..tN.W.-Cousol.,7«..19l5
125>sS. 123>«Jan.
1902 J A
714 May
Coupon, Kold, 7(1
112 b. 118 Jan. 120
81nkin)? fituJ. 6»
1929 A A
Mar.
110 II. 105>«May Ill June
1929 \ A
Blnktne fuu.l,.59
107 b, 105 Apr. 109 Aug.
Sinking fund del>en.,38.l933
•i07 a. loa-s May 1 07 Mar.
1909
35-year debenture, .5
* 98 "lib.
1928 F A
Exteiialon, 48
9B Jan. lOOis Jan.
1.00>«a.
Ohio. Peo. A 8t. LoiiiM— 5X.1928
96 Miir. 101 Apr.
J
A J I23''eb. 121 Jan. 126% June
Ohio. R.(..tPao.-Oa, coup. 1917
F..X tension and oul.,.0s...l934 J A J lOO'g
100>« July 10413 May
1931
SO-year debenl. ."la
95 Jan.
981s Feb.
Ohio. 8L L. A Pitt. Con.,.=>g. 1932 1 A U iUO'aa. 105
Jan. 110 May
1930 J A b 121
ChlO. 8t. r. M. AO. -bs
120 Feb. 124 19 May
OUsTelaad A Canton— 5 .. .1917 J A J 90
88 Jan.
951s June
128 >s Jan. 13539 May
C. C. A I. -i:on».il.. 7 K.1914 J A O
1934 J A J 120 b. 118^ Jan. 123 July
General oon8ol.,U <
O.C.C.A8t.I..-Heo.AK.4s.l»40 A A O 81
7959 JllllB 83
Fell.
1990 April. '2718b. 26 June 34^ Feb.
iDoome, 49
1900 F A A 103
OoL Coal A li'oa— Bg
99 Mav I OS's Jan.
OoL Mldlau.l-Con., 4 K...1940 F A A 89isa. 66 Sept. 74 Jan.
9419
87»« Jan.
OoLH.Val.AToL— Con. „ig. 1931
98 July
General, tig
1904 J A 1) 991*
93 Jan. 105 May
•117
b 115^ May 119 Apr.
Denver A KloG.— l»l,7 g.l900
83iab 771^4 Jan.
A
iBtconsol.,! f
1936
85 June
A
73 a. 70 Jan.
80 Feb.
Det. B. City it vliwna— 6g.l913
39>sa. 38
4414 June
Det.Mae.A.>I.-l.MKiaut«.1911 A A
Apr.
Dal.Bo.Sh. A Atl.-5g....l937 J A
93 Mar. 103 May
1041s
92i»b. 90
A
.Tenn.V AG.— Cou.,5g.l956
Mar. 100 Feb.
*93 b. 96 >a June lOS Jan.
Knoxvllle A Ohio, 8 t:...l925 J A
•97 lib. 81 Mar. 100 Aug.
Bill. Lex. AlilK!4an.-6 (,-.1902
rt W.AUenv. City— Og.. 1921 J A D 100
May
98>s Jan. LO.i
•98
eaLH.ABan An.-W.Uiy.lat,5 g.
95»8 .May
98% Apr.
114
Han. A Bt. Jos.— Coua., 89.191
114 Sept 118=8 Feb.
1952 A A U 103
OUdoIb Central 4g
981s Jan. 1021s Feb.
N L20
Int. A Ot. So.— let, 8 g....l919
(106 Feb. 130 Aug.
Coap.,8 g., tr.rHi-.Hiiiipd. i»09
77
73^ July 82 Jan.
Iowa Central- liil.og
1938 J A U 80
89 July 98 Fob.
Kentaoky Central— 4 g....l9.S J A.J 83>sb. 81 Jan. 86 June
Kings Co. El.— l9t, 5 ','....1925 J A J 99
07 13 Feb. 1021* June
l«t,5«..1937
isol.
97
;
US^
I
MA
MA
MAS
MAS
a
MAS
MAN
M
MAS
MAN
MAS
MA
MAS
—
Lacledeaas- l8t, 5g
1919 Q—
Lake Erie A Weat.— J g
1937 J A
L. Shore— Con. cp., l8t, 78.1900 J A
1903 J
OouBOl. cuiip.,2d,79
83
J 111 a. 107 •«
J llSisb, 120
A U
Q—
General nmri
A U
.lue., 79.1898 A A O
L0ttl9. A N.i1930 J A J
M.O. AMul). li>t,8g
do.
2d,8g
1930 J A J
General, 6g
1930 J A U
Unllifd. Ig
1940 J A J
Na..<U.Fl.&Sh.-l8tgt<1.5g.'37
AA
l.oal6. N.A. ACU.— I8t,08.19l0
A J
Long IslM— I'ft,
iM)u.,
iire,
.
5 g..l931
4 u'..1938 J
(
.
1916
Con90l.,6 g
L,oat9. 8t. L.
ATexas— Hg.l9I7
Metro. Elevated— Int., G.-. 1903
Sd,6B
.1899
Mloh. Cent.— let.con., 7a. .1902
124
A
MA
MA
MA
MiLLakeSh.AW.— lBt,Cg.l921 MA
1929 FA
1990 J A
1990 F A
21 \ Feb.
13 Apr.
91 Jan.
Apr.
117i« Jan.
108
Jan.
II514 Jan.
78% Jan.
98 Feb.
108''e Jan.
99 Apr.
87 >« Jan.
11319 Jan.
10514 Jan.
121 May
106i« May
123 Jan.
1
97isa.
114
119
109
116
b.
b.
li,
b.
7919b.
100 b.
108 b.
102%b.
117
109
b.
N 12119b.
N 107 b,
N
Mar.
Jan.
Jan.
1
A O
A A 95%
1902
UcnBol., 5a
80
127
b,
am
.
Noxx— "
May
97ifl
Aug.
Aug.
NEW YORK STOCK EXCHANGE
SECURITIES.
Bid.
B.
Bail road Bonds.
(Stock Fwehnnae I'rUsa.)
M
g., guar 1928
A-Ui;'.-itg., 8s.. 1917
itl. *
D.,gu. 8s,. 1907
Alsb.j..
,
1
.
Bait. A U'uii.
»8, gold
.1,
89,
Park
Oona. mor'
goll.
W.Va. A
ta.— 1st,
l- it
B
.58
g., 5s,
Income, 8 g
income, 5 g
income, 3 g
l9t pret.
2il pref.
3d
pref.
19.58
J 90 b 90 14
115
J 116%
O 115'4 11238
D 108 4b. IO614
D 76
7314
76 19
O' go's
94 19
Si 93>sb.
105
J 103%
Ill
J!U2'4
J lllisb. no
o.nii b. 106
n| 62 a. 61
J,*60 b. 62 '9
D 102isb. 9919
June
100
Aug.
9.)
Jan.
Apr.
119
Jan.
June
110i9.'aar.
July
11
June
80%
Apr.
82
76 19
68
6919 Fob.
53% Feb.
37 Jan.
J 8414
8014 Jan.
J 108 '81). 1105 July
O 73 b. 73 Apr.
Feb.
Feb.
Feb.
A
A
A
A
Con. Ist A col. trust, 5 g. 19141 M A
Rio ». Western— l8t, 4 g.. 19391 J A
8t. Jo. A Or. Island— 8 g..l925IM A
St. L. Alt. AT. H.— l8t,79.l8'J4 J A
St. Louis A Iron Mountain2d,7g
1897 M A
CairoArk. ATexas, 7g..l897 J A
Gen. R'y Alandgr..5g..l93l A A
8t.L. ASan Fr.— 6 g.,C'l.B.1908 M A
I9061MA
6 g.,Cla99
General mort., 6 g
1931!J A
St. L.8o.We9t.— l8tT49,g..l989JM A
2d,4s, g.,lnoome
1989IJ A
s.P.M.AM.— Uak. Ex., 6 g.l9l0 M A
Ist consol., 6 g
1933 J A
do
reduced to 4i9g... J A
MootanaExtension, 4g.l937 J A
San A. AArun. P.— Ist,6g.l918 J A
l8t,6g
1926 J A
Seattle US. AE.— Ist.gu. 6 193 1 F A
Pittsburg A Western— 4 g. 1917 J
Rich ADanv.- Con.,6g..l915'J
Con8ol.,5g
1936|A
aich.A\V.P.rer.-Tru8t,6g.l897IF
Apr.
Jan.
Feb.
Feb.
Apr.
So.Car.— let, 6g.,exooup.l920'
Inoome,6B
1931
1909-10 J
80. Pao.. Ariz.— 6 g
80. PaciUc, Cal.— 8 g
1905-12 A
l8t, consoL.gold. 5 g....l938 A
80. Pacl3o,N.M.-8g
1911 J
reun.C. I. ARy.—Ten.D.,l8t,8g A
8
76%
46%
J
78%b.
N
98198.
A
N
D
O
N
X
Birm. Div..
Tol. A Ohio
Tol. Peo.
Tol. St. L.
A Kan.
Union Paoiao—6 g
Slukinglund. 88
C—
J
J
1917JJ
Cent.- 5 g
1935 J
1917|J
6g..l918 J
1899'J
A
A
J
J
A D
A J
AN
1939M A N
A A
2d mortgage. 5 g
Uebent.M., aeries B
West Shore— Guar., 4s
1939. iF
1939 J
2361'J
J
2dmort., 3g.,Sso
1927 A
[West. Un.TeH— Col. ti-.,58.1938 J
iWiB. Cent. Co.— iBt, 8 g
1937lJ
Incoiii. ,5g....
1937'
West. N. Y,
A Pa. -let, 8 g. 1937
A J
A J
A J
A O
A J
A J
from aotaal sales only.
BIO.
4%«...19!K) 105
Monon. River, l.Ht K.,g. 5^. ..1019
Oent'lOhlo Reor.— I,«i.4%s.l930 101%
Ak.A Ch. Juno.— lsl.g,.">8.KU. 1930 103
g.,
*
June 115
Apr.
Apr.
May llo
July
July
111 June
72 % Jan.
37% Jan.
Jau.
Jan.
Jan.
8714 Jan.
123%juM
Jan.
65
81
II911 Aug.
103
90
90
73
70
Apr
Jan.
Apr.
>(
9;
Apr.
.May
May
Aug.
Julv
108% Mar.
Apr.
Apr.
102%
Feb.
114'9b. 112<4 Jan.
99 b 99 '4 Mar.
•106 b. 1 01 19 Jan.
93 b. 89 Feb.
94>9a. 91
Jan.
84
76% July
25 July
321a
102
96 July
108i8b. 1021s Jan.
80isb. 77
Jau.
90 July
90
111 b, 11038 Jan.
106
14
101
22
Jan.
107% June
118
102
Mar.
Mar.
108% June
97 Jane
100 June
85% May
34% Mar
104
Feb.
109% June
82% June
101 Mar
114% June
10314 Sept. 110%
70 .May
74%
92% Sept. 100
109 Feb. 111%
10319 Jan. 114
Feb.
Jan.
Jan.
m
BONDS-SEPTEMBER
SECURITIES.
t
Coupon oi.
9.
Bid.
A No.— 1st, 58.1906 104 105%
A collat. trust, 88... 1934 95%
Burl Cod. Rap.
Con.sol.
U—
Minn. A St.
lat, 78, gu..l927
lowaC. A West.— Ist, 7a.. -.1909 '98
H. Tun. A W. -Deb. 5s. 1913
100
Cod. Rap. I. F. A N., 1st, 68.1920 101%
Brooklyn Elevated— 2d. 3-.>3. 1915 "ii"
1921
lat, 53
90%
19 rj 120
Brunswick A W'n— let, g. 4», 1938
C.Ohio— Col. ACin.M.lst,4%8.1i)39 •t>2
1925 111%
Baft. Booh. A Pitts.— Gen., 5». 1937
)ent. RB, A Bank.—Col. g.fts. 1937
1983 113%
1921 119%
1937
Koch. APitU.— lst,6s
Chat.RomeAOol.—Gtil g
1990 105
rou..<i;idafdl8t.n«.M'22
do
118% lent, of N. J. Conv. d«b
iliu iac^at Qaoialluns mail,* ..n... «rHMii
91
Boat.
W
—
c?
Apt
Apr.
101 June 108 Jan.
7319 Aug.
83% Feb.
69 Aug. 77% Jan.
110 Jau. 116% Aug
83 Feb.
761s May
87 Feb.
791s May
105
103% Jau, 107 Apr.
85 Jan.
7938 .Sept.
ep'
*79-'8b.
50 Jan.
ulj
35 b, 33 July
101% Jan. 108'8 June
I0314
102 Hib. 99 Jan. 103 May
35! 8 Feb".
July
32isb. 3
103 b. 100% Jan. 106% JoiM
•90. a. 90 Mar. 95% Jau
33 June 42% Jan.
34%
Latest prioe thla week,
Ask.
Mar.
86% Mar.
Apr.
'
'
U|i
June 109
97
a.
1893lM A 8 103:4
Collat. tru.it 4I9
191S|M A N 8919a.
<iold 69, col. trust u<)te.s. 1894 F A A 93
Paa.-Den.DiT.-8g.l899'M
Kan.
A N 111 b.
lBtoonBOI.,6 g
Ill b.
1919 M
ShortLlne—
Oregon
6 g..l922!F A A 10219b.
Or.S.UAUfhN.—Cou.5g.l919'A A O 72 b.
U.P.Deu.AGulf con. 5g.l939iJ A D 70 b.
Onion Elevated— 6 g
1937 M A N 116 a.
VlrglniaMld.—Gen. m.,5a, 1938iM AN •80i9b
do
atamped guar. M A N 8019
Wabash— lat,8g
109% Feb.
83%
9319
b.
Juu
Mar
May 100
107iffMay
llSHib. Ill
89
Jan.
Feb.
Feb.
Feb.
10838 Jan.
10014b.
8919b.
2000 J
A West.—4 g
b.
83
June
July
113 b. 111
J 109
106%
7OI9
67
J 32 19
27
11919a. 116>9
120 b. 11819
A O*
A O
A
b.
94
107
lOtssb. 1041s
85
72%
4114 June
78% Jan.
N
A O
A J
A D
200O1 -March.
1924 M A N
6g
Tex. A Pao.— let, 8 g
2d, Inoume, 5 g....
Tol. A. A. AN. M.— 6g
108
88 14
112
85
June 100
75
J
106
A
jg-* Aug.
72^8 July
87 Feb.
59%
.
June
W.. l8t,
j
195S:
1938;
PRICES-<Coiitiiinea».-£VACrZF£
A O. 8.
Jac
95
9719
Febw
Apr.
11514 Aug.
111119 Apr.
'
SBCUKITIES.
Aak,
U S^h
!
Aug.
Aug.
made
no
- - .
l'23i4
"4
Oi
O,
May 103
A
Jau. 108%
A
A
Jan. n5'9june
Conaol., 79
1898]J A
Mar. 115 June
OhloSouthern-lBt, 6 g... 1921 J A
Jan. nH4 May
1921!M A
General mort., 4 g
June 68-'8 Mar.
Omaha A St. LouIb— 1 g ..1937|J A
Apr.
60 July
Oregon Imp. Co. -l8t,6 g.l910 J A
Juno 104i9Feb.
7114 Jan.
Conaol., a g
1939 A A O 68 b. 84 Apr.
Ore.R.ANaT Co.— Iat,6g.l909 J A J 110%b. 109 '9 Jan. 112 June
Couaol.,9g
1923 J ad; 80 b. 90 May
96 Feb.
1921^ J A J 106%
10553 Jan. 109 'a June
Pa. Co.— 419 g., coupon
Peo. Deo.AKvansy.- Bg..l920 J A J 102>9b. IO214 Aug. 110
Feb.
Eyansville Div., 6?
1920 M A S
100 Apr. 108 Jan.
2d mort.,5g
1928iM A N 70 a. 68 Aug. 7 lis Mar.
Ihila. A Read.— Gen.,4g.l938 J A J 87
83% Jan. 90»8june
June
June
is
a.
I
A
A
Md.AWa9b. l>lr.-lBt,5 g.l941 J
North.Pao.— l8t,ooup.,8g.l921 J
General, 2i. coup., 6 g..l933'A
General, 3d, coup., 8 g.. 1937 J
Conaol. niort.,9g
1959 J
Cllio. A N. P.- ISIT, 5g...l940 A
North. Pao. AMon.— 6g... l938iM
North. Pao. Tor. Co.— 6 g.. 1933 J
Ohio A.Mt89.— Cou8.9.f.,78. 1898'J
12II9 Apr.
lea's Apr.
128 July
" a " price asktd ; the Kange
'J2
6119 Apr.
Jan.
1031a Jan.
T26%
I
12014 June
110
n.
b.
.S
119i9May
82 June
101' 3
113
103 19
100
A 8 63
A J 128
A O 104
118 May
67^8 Jan.
132 Jun*
100 Feb.
105
Mar.
129 Jane
Fell.
A J.llSisb. 111 July 11516 June
A J 128 b. 123 Jan. 130 June
A AUlOis 1109 Aug. 112% July
13414 Mar. 1.39% Aug.
N.Y.I,.K.AW.-l8t,oon.,7rl920M A 8
Long Book. 7b
1893 J AD', 10414a. 102 >9 Juno 10614 May
Consol.,6g
1935 A A O 122 b. 117M Apr. l22i«Aug
2doon»ol.,6g
1969iJ A D 103T9 tl03»»8opt. 10919 May
N. Y. Ont. A W.-l»t,ag..l914M A
112 b. 110% Apr. 116 jaiL
Conaol. let, 5 g
1939'J A I> 100 b. 100 Jan. 103% May
N.Y.SUB.AW.— l9tref.,5g.l937|J A J lOSisb. 103 Jan. 107 June
MIdlandof N. J., 6g....l91i>!A A O 118 b. 116 Apr. 119 Mar
Norf. ASouth— l9t, 5 g...l91i:M A NJOtkb.! 98
Apr. 103
Aug.
98 19 May
Norf. A W.— lOOyear, 5 g. 1990 J A Ji 93 b 03
Apr.
115
Feb.
12119 June
UOis Apr.
1
b " ludicutes price bid, ;
.
Juno
June
114
123
128
L17
112
MAN
102's 110114 May
12319 Ian.
A J 125
10819b. 107
MAS
Sept.
Tl9i9Scpt.
A N
K. W. A Ogd.— Cod., 8b. 1 922 A
N. Y. CWc. A8t.L.—4g...l937 A
N. Y. EleTated-7«
1906 J
N. Y. Lack. A W.-l8t,6B..1921 J
Conatmollon, 5a
1923 F
85i4May
A 106i4b. 104111 Mar. no July
D 80 14 79 June 83 May
Sd 4B,g
A 47% 451s July 54% Jan.
Mo. PaolAo-let, con., Cg.l920M AN 111 b. 1061s May 111% Aug.
»d,7B
1906MA N 115 b, 112>3Jan. 116 Jan.
P»o.ofM'-.-lit,ex.,4g.l93S:F A A| 970fb. 96°8 Aug. 100 Jan.
r.^
Sde-.u-i
1938 J A jll07 a 1U2^ Jan. 109 June
A Iuip.,5 g
M,K. AT.— iBt 4s, g
Exten.
General mortgage, 4a... 1938 M
Naah. Cb. ASt.U-lat.7a.1913 J
Con., 8g
1928 A
N.y. Central-Extend., SB. 1893
1903 J
lBt,ooupan,7s
Deben.,SB, coup., 1884.. 1904
N. Y. A Harleni-7a, reg 1 900 M
.
1
A J 108 b,
June
A J 109
109 Sept. 113 June
A O'llS-H 114>cApr. 119 Feb.
l»39MA N 103^ 103 >« Jan. 107 Apr.
l»toon«ol.,Sg
90:ij Sept.
81
84'(< May
109.2 M A
Obll. 4<9», g
79 b. 76 Jan.
81
Aug.
aAA.I>iv.,lntC)n.,2-4<.1989 J A
78 's
8OI4 Juno
.1989 J A
75>«Jan.
do 2.1 coll., 4
J
122
A
1903
7g.
121>«
126
June
Coll.,
Jan.
Ohio. Burl. & Q.—
1913 MA N 102
101 Jan. 1051a Apr.
Oehonture,.S«
1903 M A eilPB'sa. 106>«Sepl. 114 Jan.
C'oiiverUlilff)«
1922 i' A A 92>«b. 91 >« Fell
Denver L)lvl«ion,4B
91<s Juno
Nebraska KxteuMou, 48.1927 M A N 87 "sb. 87 1* Sept. 911s Apr.
Ohio. * E. lll.-lst,s.r.,8«.1907 J A D 115^11, ,112>«Jau. U8i« .May
CoMs.il .11.1934 AA O 121'«b. 120\ Apr. 123 14 July
Am. Dock
D n7i4
MobtleAOhlo— New,6K..1927 J A
11314 June
July
10.^>8
>»13 II
2d,5»
•88 b.
Oeut. (ii».— » A W. l«toon..'>«,'29
"oi-j" llG^b.
J.-Coni!.,7ii.l«»S»
Oentralof N.
N 121 li.
l»02
Ooimol., 7(.
K..IW87 J A JllO l>.
G«n«riil niortK»K«>
Leh.4W.H.,oon..7s,a«''l.l»00 (J-M 10!l!«il>.
do.
107 >« Jan.
b.
85
THE CHRONICLE.
416
[Vol. LV.
NEW YORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—rContinued)~SEPTEMBER
Bid.
BECURITIES.
Central faciflc— Gold bds, 68,
Gold bonds, 68
Gold bonds, 69
Ban Joaquin Br., 68
Mort. gold 5s
1895
1896
1897
1900
1939
1900
1918
Bid.
SECURITIES.
Ask.
Bid.
North'n Paclttc—Divld'd scrip ext. 100
vans. 4
James Elver Val.— 1st. 6s.. .1936
ibo"
TOntA P. Marq.— Mort., 68. ..1920 120
lOOis
lOlis
Spokane 4 Pal.— l.st, 6s
1936
1939
5s
98
gold,
Istcon.
St.Paul A N. P.— Gen., 63. .1923 i'26"
1939
1021s
Port Huron- 1st, 5s
Indian.— let, cons. .1926
105 >«
1061*
108
108
98
100
Land grant, 59. it
100
C. (feO. Div.. ext.. g. 56
West. PaclHc— Bonds, 68.. ..1899 108
No. Railway (Cal.)—l8t, 68.1907
1938 100
50.Tear Ss
Clies. A. O.— Pur. M. fund, 68.1898 109
1908 117
6e, gold, series A
Craig Valley— Ist, g., 58.. -.1940
.1941
58.
let,
g
Warm 8pr. Vai.,
(Sies. O.Afcso.West.— let 63, g.l911 *
1911
2d, 68
SECURITIES.
Ask.
9.
Cen 4 Pen.— 1st g. 58.... 1918
Worth &R.G.— Ist g., 53. .1928 •72
Gal. Har. 48an Ant.— 1st, 63.1910 100
Gal. H. & 8. A.— 2d mort., 7s. 1905
1931
West. Div., 2d 69
Ga. Car. 4Nor.— 1st, gu. 5s,g 1929
1927
6s
Ua. 80. 4 Fla.— l8t, g.
Grand Rap. 4 Ind.— Gen. 58.. 1924 *55
ria.
n
.
in
HelenaARed.M'u- lst,g.,6s.l937
Duluth&Mauttoba— lst,g.6sl936 102
Dul.AMan Dak.Dlv.- Ist6s.l937
Cceurd'AJene— Ist, 6s, gold. 1916
74
ioi'ij
Gen.
1938
1st, g., 69
Cent. Washington— lst,K..68.1938
77
Norfolk A West.— General, 68.1931
122
New Biver.lst. 69
1932 120
Imp. A Ext., 68
102
1934
G. B. W. 4 8t.P.— I8t6s.rect8.19ll
35
Adiustment M.,7s
1924
2d income, trust rects
Equipment,
1C6
5s
Cons,
gold
58....
1937
1908 •92
105
Housatonlc
Clinch Val. IstSs
1957
72
N. Haven ADerby, Cona.5s..l91P 10=)
1'28
RoanokeASo
122
lat,
1903
gu.
g.l922
Waco 4 N. 78..
58,
H0U8. 4T.
Oh.V.-Gen.con.l8t.gu.g,o8.1938
Scioto Val. 4 N. E.— l8t,48,.1990
1937 1061s 1071s
1st g., 58 (Int. gtd(
821a
1893 ioi^e
OtilcagoA Alton— l8t, 7a
Ohio A Miss— 2d consol. 78. ..1911 118
1912 101
Cons. g. 69 (int. gtd)
1903 119
Sinking lund, 68
66i«
Spring. Div.— 1st 78
66
1921
1905
49.(int.
gtd)
Gen.
g.
78.1900
\16U
River—
1st,
Louis. & Mo.
G eneral 5s
1932
Debent. 68, prin. 4 Int. gtd.1897 78'
1900 •112
2d, 78
so" Ohio River BR.— 1 st, 5s
1936 IO313
Debent. 48, prin. 4 Int. gtd.1897
St. L. Jacks. & Cbic— l8t,7R 1894 106
Gen.
g.,5s
1937
niinols Central— Ist, g., 48 ...1951 1031s
M188.B. Bridge— Ist, s. f., €8.1912 106ii
931*
Oregon
A
Califor.—
1951
1st,
1927
«
5s,
g.
105
gold,
1st,
3H.3
5S....1926
ANor.Ist,
CWc. Burl.
1950
97 "s Oreg. By 4 Na v.— Col.tr. g.. 59.1919 70
Cairo Bridge— 48
1896
1041s
DebentureCs
•95
107
Pan.
Sink.F'd
Subsidy—
..1898
6s,
1910
Coup.,
6s..
g.
Div.—
f..l901
Bprlngf.
Q.—
5s,
s.
.1041s
&
Burling.
Ohio.
1921 112
I-enn.-P.C.CA8t.L.Cn.g.4is8A1940
Middle Div.— Reg., 58
Iowa DlT.— Sink, fund, 58. .1919 106 108
Do
do
8eil.!S B
1919 96
C. St. L.4N. O.—Ten. 1., 78.1897 112
Sinking fund. 4s
1897 112
P.C.A8.L.-lst,c.,7s
1900
1921
S6\
1st, consol., 7s
Flaln,48
1907 112
Pitta. Ft. W. 4
lat, 78.. .1912 140
.2d, 63
Chic & Indiana Coai-lst 59.1936
2d, 73
1951
1912 137
Gold, 53, coupon
Chi. Mil. & St.P.— lst,88,P.D.1898 ni8is
1951
3d, 7s
1912 131
961a 97 14
Meiup, Div., Istg. 48
1898 123 126
2d, 7 3-108, P. D
103
Clev. A P.— Cons., s. fd., 7a. 1900 118
2d Div., 7s ...1894
1902 127 129
Dub. 4 S.
iBt, 7b, $ g., B. D
4i«a,
91
.1907
Gen.
78.
"A"
1942
Minn.—
1st,
g.,
Falls
&
Division,
78.1893
Ced.
Crosse
l8t, La
120>4
St. L. V. 4 T. H.— 1st, 6s., 78. 1897 IIOI4
1897 1221$
Ind. D. 4 Bpr.- 1st 7s, ex. cp.l906
r l8t, I. & M.,7e
2d,
g.,tr.reo..l947
78
1898 *102is
124
IstSs,
1899
Ind.D
4W.—
&
D.,78
let, I.
2d, guar., 78
1898
1903 I25I9
291s
2d, 58, gold, trust receipts. . 1948
l8t,C. &M.,76
Gd.R.AI.Ext.—
receipts
Ist.4ifl9,0.g.l941
129
trust
1908
M.
.'lends,
Extension,
7s...
Inc.
4
D.
let, I.
Peo.AE.-Iud.B.4W.-lst,pl.78.1900
1919 102 12
Int.&G.N'n— l8t,68.g.,cou.off.l919 111
l8t, La C. & Dav., 58
Ohio tnd.AW.- Istprcf.5s..l938
78
1910 127
128
Kanawha & Mich.— Mort. 48.1990 76
lst,H. & D.,7s
Peoria A Pek. Uuion— 1st, 6s 1921
1910
105
Kan. C.Wyan.AN.W.— l8t,58.1938
Ist, H. & D., 5s
92
88
2d mortg., 4I29
1921
.1910
118
119
F.El..l8t,5,g..gu.A.1929
Div.,
&
PaclHc
6s.
Kings
Co.
Chicago
101 !« Pitta. Cleve. A Tol.— Ist, 6s.. .1922
1910
102
Lake Erie 4 West.— 2d g., 5s. 1941
Mineral Point Div. 5s
1021*
"8.1892
Pitta.
L.
Er.—
1928
1921
103
P.4A.—
A
2d
5s,
"A".
105
80.—
C.
g.
Div.,
5s
L.
Sh.
4
M.
0. AL. 6ui>.
Pitts. Mc.K. 4 Y.— lat 63
1932
Buff. 4 Er.—New bonds, 78. 1898 114
Fargo & South., 6s, Assu...l924 *110
1906 125
Pitta. Palusv. A F.— 1st, 5s. ..1916
1916
Det. M. AT.— Ist, 78
Inc. conv. sink, fund, 58
Pitta. Shcn. A L.E.-l9t,g...58. 1940
1916 104is 105
Lake Shore- Div. bonds, 78. 1899 II7I4
Dakota &Gt. 8ouih., 5s
II7I4
Pitts.Y'gst'uAA.— 1st, 56,cou.l927
Mil. & Nor. mainline— 63... 1910 116
Kal. All. 4 G. R.— 1st gu. 5a.l93S 108
Pres. 4 -\rlz. Cent.- Ist, Gs, g. 1916
107
Mahon'g CoalRR.— 1st. 53.1934 109 Ill
Ohlc.&N.W.— 30 year deb. 5s, 1921
gu.g.4i-!8.1940
103*1
101
2d income 6s
1916
Ist,
...1901
109
Escanalia <fc L. 8.
68.
LehighV.,N.Y.— 1st
90
Rich. A Dauv.— Debentiue 63. 1927
Lehigh V.Term.— Ist gu 58,g.l94t 1121s 113
Des M. & Minn.— l6t, 78.... 1907 \-^2\
1916
Equip.
M.
1909
1900
126
West.—
68.
8.
58
l8t
f., g.,
Iowa Midland— Ist, 88
] dtcht. Car.A
g.
1898 I1318
Atl. 4 Char.— 1st, pref., 7s.. 1 897 ioi'
Peninsula- Ibt, conv., 78... 1898
Long 1 slaud— 1st, 7s
Income, 6s
1900
do.
N. Y. 4R'way B.— lst,g. 58.1927
Obic. & Milwaukee— 1st, 78.1898 i'lsi1907 128
1927
Wa8h.O.AW.-lst,4s,gu.cy.,1924
Win. & St. P.— 2d, 7s
2d mortg., luc
221s
1905
1I2
1897
'97,
Rich.4W.Pt.Tenn.—6s.
tr. rec.
Mil. & Mad.— Ist, 6s
N.Y.&Mai.Beach.— Ist, 78,
Col. trust .is, 1914, tr. rec
N.Y.B.4M.B.— Istcon. 58.g.l935
Ott. C. F. & St. P.— 1st, 5s. 1909 105
1910 105
Bio Gr. Junct. Ist.guar. ,g. ,5s. 1938
Northern 111.— 1st, 5s
Brookrn4Montauk— lst,68.1911
*
101 1«
1911
85
Rio Grande So.-l.st, g., 5s... 1940
Ch-Peo. &St.L.—Con.lst,g.5d.l939
Ist, 58
1925
79
SmithtownAPt.Jeff.- lst,78 1901 107
St. Jos. AGr. la.— 2dlnc
C B.I.&P.-D.M.&F.D.lst4s.l905 *
1905
Kan. C. A Omaha- 1st, 5s. .1927
Ist, 2Js8
Louls.Evans.&St. L.— Con.58.1939
871s
1905
Extension, 48
Louis. ANash.- Cecil. Br, 78.1907
107
St. L. A. 4 T.H-2d pref. 7s.. 1894 103
Keokuk & Des M.— Ist, 5b. .1923 '95" ibo"
1894 104
E. H. 4 Nash.— 1st 68, g....l9l9 113
2d m.ine. 78
1131s
1920 105
Cblo.Bt. P. & Minn.— l8t, 68. ..1918 122i, 125
Dividend bonds
1894
Pensacola Division, 6s
621s
1919 122
Ist, 68
Bellev. 4 So. 111.— 1st, 88...1896 112
St. Pani &8.
St. Louis Division, Ist, 63.. .1921 115
1980
1923
Chic. & W,. Ind.— Ist, s. f., 6s. 1919
60
Bellev. A Car.— 1st, 6s
2d, 33
1932 1141s
General mortgage, 6s
Leb. Branch Extension .. .1893 100
Chi.St.L.APad.— Ist,ga.g.58l917 idois
1921
Cblc. (fewest Mich.— OS
Nashv. 4 Decatur— Ist, 78.. 1900 II214 11^'e
Bt. Louis So.— 1st, gd. g. 48.1931
1910 102
7213
Cln Ham. & D.— Con. s. f., 8.1905 -123
8. f.,68.— 8. 4 N. Ala
do
2d income, 59. 1931
1937
2d, gold, 4148
1924 101 Is
1932
Car. 4Shawt.— Istg. 43
10^0, gold, 68
98i« iOO
Cln. D. &Ir'n— Ist, gu. 5s, g.l941
1937 103
50 year Sa, g.,
St. L. 4 S. F.— 2d 63, g., cl. A. 1906 113
Cln. Jack. & Mac— 1st, g., 5s. 1936
Pens. 4 At.- Ist, 6s, gold... 1921 101
Equip., 7s
1895
10 1 'e
90
Clev. Ak. & Col.-Eq. &, 2d 68.1930
Collat. trust, 5s, g
1931 102
General 5s
1931
93
911s
"7438
C.C.C. & St. L., Cairo div.—4s, 1939
1987 *92is
Lou.N.Alb.4Ch.— Gen.m.g.53.1940
Ist, trust, gold, 5s
Bt.Lou.Dlv.— lsteol.ts't4s,g.l990
91
Lou. N. O. 4 Tex.— I8t, 43. ...1934 *95
1990
67
Consol. guar., 48
Bpring.&Col.Div.— l8t,g.4s. 1940
2d mort., 5s
1934
Kan. City 4 8.— lat, 6b, g...l91() '90"
WhiteW.Val.Dlv.— lst,g. 49. 1940
Louis.
Bg.
17
120
'99'8
105
100
121
—
—
C—
95
103
83
110
C—
C—
—
,
138ifl
133
100
1161a
.
97i«
102
,
C—
St. L.
Cln.Wab.&M.Div.— lst,g.48.1991
871*
4 Tex.— 2d g, 68.. 19
Manhattan By.— Cons. 4s
1990
Manito.S.W.Coloniza'n- 5s ,g. 1934
Memphis 4 Charl.— 6s, gold.. 1924
Istcon. Tenn lien, 78
1^15
117
Mexican Cent. Consol.— 48, g.l911
1st, eons, income 3a, g
1939
Mexican National- 1st, g., 68. 1927 95
'ioiw
2d, income, 6s, "A"
1917 37
40
Michigan Central— 68
1909 1151s
Coupon, 5s
1931 112
Mortgage 48
1940 95
133
Mil. L. 8.4W.— Conv. deb., 58.190'
I42I9
Mich. Div., l3t, 68
1924
Ashland Division— Ist, 68 1925
125
Incomes
Minn.4 St. L.— Ist, g. 78
1927 127 130
109
Iowa Extension, Ist, 78
1909 127
141
2d mortg., 78
1891
Albany <k Susq.- lbt,gu.,78 1906
131
Southwest Ext.— Ist, 78
1910
130
Ist, cons., guar., 6s
1906 120
PaciUc Ext.— 1st, 68
1921 '103
Bens. iSt Bar.— Isl, coup., 7s.l0il '144
Impr. 4 equipment, 68
1922
102 ifi
Denver City Cable— Isl, 68...19US
lOlig Minn. 4 Pac— Ist mortg., 58. 1936 *90'^
Denv. 4 R. G.— lmp.,g., 5s...lS'\S *7»
82
Minn.St.P.AS.S.M— l8lc.g.48.1938
Dulutb &. Iron liange— 1st 58.19i 7
Mo.K.AT.- K.C.AP., I8t,48,g.l990 "ib" 76
I. Tenn. Va. & Ga.— Ist, 78.. .1900 iim il2ii
Dal. A Waco— 1st, 58, gu.... 1940
87
Divisional 5s
1930 101 103
Missouri Pacillc -Trust 5s. ..1917 *88"
let exL.gold, 5s
1937
64
l8tcoU.,58, g
1920
813|
£q.&Imp.,g.,5s
1938
70
8t.L.AL M.-Ark.Br., 1st, 78.1895 io4^ 1061s
HobUe 4 Birm.- Ist, g., 5s.. 1937 *
87
Mobile A Ohio— Ist ext., 6s.. .1927
114
Alabama Central- iBt 6S...1918 95
St. L. ACairo
Is, guar
1931
Irie-isi, extended, 78
...1897 •114 ii5
Morgan's La. 4 T.— Ist, 6s
1920 112 114
2d, extended, 58
1919
lat, 7s
1918 124%
8d, extended, 4's8
1923
Nash. Chat. 4 m.. L.— 2d, 6s.. 1901 103 ide'
4th, extended, 58
1920
New
Orleans 4 Gulf— lat, 68 1926
6th, extended, 48
1928
N. O. 4. No. E.— Pr. 1., g., 68.. 1915
iBt, con., g., I'd, 78
1920 iss" lib" N. Y. Cent.— Deb. g. 4s
1905
Beorg., Ist Hen, 68
1908
N.J. June— Guar. Ist, 4»... 1986
101
B. M. Y. & E.-l8t, Va
1916 135
Beech Creek— 1 st, go Id, 4s .. 1 936 100 103 1«
L.
E.
& W.—Col. tr.,6s.l922 112
». Y.
Osw. A Kiime- 2d, 5s,g.,gu.l915 1041a 1051a
Funded coup., 5s
1969 85
92
Utlca A Bl. Riv. -4s, g., gu.1922 IOII4
Buff. & S. W.— Mortg. 68.. ..1908 100
N. Y. N. H. 4 H.-l8t, reg.i 19oy 105
Jefferson— 1
gu. g. 5s
1909 104
N. Y. 4 Northern— Ist, g., >• 1927
Coal&hK.— Cs
1922
2d,4s
19-.i7
02
Bureka Bprings- Ist, g., 68. ..1933 *
100
N. Y.Ont 4Wn.— Ist.ref uu. ts 199 J
ET«n8. 4 T.H.— l8t,cou8.,68..1921
N. Y. Susq. A West.— 2d, 4'ua.l93,
Mt. Vernon— Ist bs
19U3
Geu. mort., 53, g
1940 85n
Bnl. Co. l.raiii'h- 1st, g., 5s.l»3o
N. Y, Tex. A Mex.— lst.4s,gii J^l.j
Oln.
I. Bt.
L.
&
C— l8t,g.,48.1936
94
1920
Consol ,6e
Cln.Ban.&Cl.- Con.l8t,g.5s, 1928 1061s
CI.C0I. Cln. & Ind.— 1st, 7s,8.f.l899 1161s
Consol. sink, fund, 7s
1914
Cleve. *Mah. v.— Gold, 5S...1938
Colorado Midland— 1st, g., 68.1936 •i09'"
Columbia & Green.— 1st, 68 ... 191
2d, 68
1926
Del. Lack. &W.— Mort. 78.... 1907 130
Byra. Bing. & N. Y.— 1st, 78.1906 131
llorris & Essex- Ist, 7s
1914 1411s
Bonds, 79
1900
78 of 1871
1901 123
1st, con., guar., 78
1915 137
Del. & Hud. Can.- Coupon 78,1894
Pa. Div., coup., 78
1917 138
. .
—
.
.'<t,
.
•
•
price Fnuay; these are toe Ucest quotaQoni
M»de
this
weea.
For nUscellaneo as
-l.,t, 6s... 1911)
A V. B.
Kansas Midland— Ist. 48, g.l937
193]
Bt. Paul 4 DiilillU— 131,58
1917
2d inorigage 5s
Bt. Paul Miuii A M.— Ijt, 73. .190!'
IO4I4
1041s
65
i'lo"
es'ii
Ft. 8.
1071s
106
1081s
1909 II8I4 119
2d mort., 63
li*2
Minneap. Union — 1st, 6s
1151*
Mont. Cen. 1st, guar., 63.. 193
1937 102 14 103
Ist guar. g. 58
East. Minn., Ist div. 1 m, 58.1908
Ban Frau. A N. P.— lat. g., .58.1919
1931
South Caroliua- 2d, 6»
80. Pac. Coast— lat, guar., la. 1937
Tcr. RR. As' n of St. L.- I8t,4 1«8.1939
•-•
Texaa Central— lat, 8. £.. 78... 1909
1911
Ist mortgage, 78
Texaa ANew Orleans- l«t,78.1905
1912 ids"
Sabine Division, 1st, 60
115
Third Avenue (N.Y).— Ist 58, 1937
1917
Tol. A. A. 4 Cad.— 6s
95
Toledo A. A. OiG'dTr.- g. 68.1921
—
1919
Tol. A. A. 4 Mt. PI.— 68
1940
90>»
Tol. A. A. 4 N. .M.— 5s, g
Ulster4Del.— Ibt, con.,6.,58.192t( 103
189b 1061s
Union Paoille^lBl, 6s
1897 108 14 ......
l8t, 6a
189» 110
1st, 6s
1908
Collateral Trust, 68
1907
Collateral Trust, 5s
82
87
Kansas Pacitlc -lat 6s, g... 189.1 105 107
1896 107
1st, 68. g
1895 100
C. Br. U. P.-F. c 73
•••«»
Atch. Col. 4 Pac— Ist, 63... 1905
82
83
Atch. J. Co. & W.— l8t, 68... 1905
83
U.P.Lin. AOoL— l8C,g.,53. 1918
-•> 74
Oreg.S.L.AU.N.,coi.tr8l.,.'>s.l919 1021« 103
J J08 *100
Utah A North.— le.. 7i
1926
Gold, 58
Utah Southoni- Gen.. 78.. .1909 lOlis
...1909 100
Exteu., lat, 73
Valley K'y Co. of O.—Con. 68.1921
Wabash- Debi'niure, Scr. A. .1939
1895 loei* 107
No. Missouri — lat, 7s
StUK.C.AN.- K.£.iBB.7n.l895 loo's 106 14
St.Cl;3rlesjBr'ge- -If t.tis... 1908 109
West. Va. C. 4 Pan.— l.-l, 6b. 1911
Wheel.ii.E.- ist. os. i;oi.l...i926i
-. ...10:10
Exif.ri-T.'i.Vliiv •
92
—
,
&
Unlisted
Bo la^.—Bee 3<l pai^ m-eoedlug.
Septkkbxr
THE CHRONICLE
10, 1893.]
417n
LalMt
Juujestmiettt
BOAJM.
Mammgt
WitkorMo
AMD
Haporud
1892.
Or. Tr.—Cont.-
§,mlvon,A
|nt;eIKgjeujcje.
The Investors' Sopplkment, a pamphlet of 150 pages
eontaina extended tablea of the Stocks and Bonds of Railroads, and other Companies, with remarks and statistics con-
eeming
the income, financial status, etc., of each Company,
on the last Saturday of every other month
—
It is published
January, March, May, July, S^tember and November,
and is furnished without extra charge to all regular subscribers of the Chbonicle.
The General Quotations of Stocks and Bonds, occupying
six pages of the Chuonicxe, are published on the third
Saturdajr of each month.
viz.,
RAILROAD EARNINGS.
Latett
BOAOI
Xarnmgt
\WtekorUo\
1892
Beporttd.
Jan. 1
1891.
1892.
Uet.ur,B A U WkAuga?
27,805
Gulf ACbloago JiUy....
2,171
Great North'n 81. P. M. A M. August...
971,067
East, ot Minn. August...
114,641
Montana Cent. August...
96,249
Tut eystem Augunt... 1,181,946
HnmeafnABhen August
12,000
1891.
1892.
•
27,734
>
758.492
2,864
19,403
704.899
82.913
108,699
•
1891.
744,406
20.980
7,544.539 6,929,303
705.768
670,655
7^2.054
834,604
8.992.3A0 7,334,621
80.700
104,749
61.107
47,377
10,584,527 10,063,149
318,287
311,245
2,265,535 2,307,618
986.51
16,050
11,104
0,928
Illinois Centr'l. July...
1,463,380 1,501,856
Ind.UecAWest August.
58,474
51,079
In. AOt.Nortb'o 4tkwk Aug
121,814 116,362
tluteroo. (Mex.i vVkAug20
32,555
Iowa Central... 3d wk Aug
42.7.55
85,535 1,136,185
Iron Railway
August....
3.207
2,257
22,451
J'k'nv.T.AK.W. July
40,151
39,826
506.863
KanawbaAMicli ituwk Aug
10,090
242.367
8,940
Kan.C. CI.ASp 3d wk Aug
5,347
194,143
5,594
K.C.F.B.AMem, 3d wk Aug
87,938
79,614 3,042,048
K.C.Mem. A Bir. 3d wk Aug
17.275
19,725
650,252
Kan.CWyAN.W August
33,000
215,390
24,733
Keokuk A (Vest 4thwk Aug
13.587
12.448
230.709
L. Krie All,A8o August
6.218
51.961
6.812
L. KrleA West
4thwk Aug 122.688
80,071 2,238.624
Lehiifh A Hud.. August
46.178
36,430
290,247
Lehigh Valley.. June
1,540,811 1,546.720
L. Kuek A Mem. iA wk Aug
7,029
336.63^
12,586
Long Island
4tbwkAug 121,393 113,185 2,926,938
Louia.AMo.Kiv. June
34,563
205.040
36.399
Louls.Ev.ASt.L. 4thwk Aug
49,377
46,10
888.393
Louisv.ANaBhv. 4thwk Aug 629,410 57*1,529 13.889.619
Loui8.N.AA(;u. 4thwk Aug 109.302
89,6-13 2,090,977
Louis V.N. O. A T. 4thwkMay
55,788
72,337 1,423.762
Lou.St.L.ATox. IthwkAug
18,462
421,836
15,591
Me.mphlsAOhaH 3 wk» Aug
75,029
79.004
851,086
IMezloaoCent... 4tliwk Aug 135.426
178,004 5.081.239
JMex.Natlouai 4thwk Aug 163,345 100,419 2,808,419
IMexlcan K'wa.v Wii Aug 20
57,911
67,381 l,96.i,S97
Milwaukee A No 4thwk Aug
42,377
50,693 1,036,810
MlneralKauge August
11.099
87.364
14,068
Minneap. &8t.L. August
172,569 151,116 1.258.323
M.St.P. A8.8.M. August...
241,035 237,459 1.940,522
Mo.Kan.ATex.d 4th wk Aug 324.879 253,503 .5.873,062
nutob.ASoutb'ii August
.
(0 LattMt Date.
Jan. I. to
1891.
l,0l.V,038
22,937
489,322
204,114
184,770
2,819,919
697.368
183,281
253,932
47,606
2,071,566
274.986
383,461
2,788,178
190.987
982,575
12,849,193
1,808,224
1,483.424
327,540
967,103
4,606,341
2,743,220
2,620,296
1,082,048
93,831
1,048,033
1,403,077
5,683,748
13,739,000
2,212,537
293,593
2,398,759
130,429
109,390
27,870,376
16,604,316
3,142,828
2,918,416
331,878
1,972,732
910,683
»
*
t
Allegheny Vu.. July
223,719 220,9711 1,455,292 1,389,145
Atota.T.&a.Pe.. 4thwkAiit; l.OTG.OD* 1,028,094 22,172,908 20,H96,757
Half oirned ... 4tliwkAUK
49,«28
40,489| 1,174.924 1,0H6.22S
Total system. 4thwU Auk 1,125,722 1,069,082 23,347,831 21,792.9m7
Bt UABanP.. 4thwkAug, 271,2.14
237.5C3 4,437,369 4,26i),427
Halfownf»d.. 4tli\vk Auk
4!«,704
39,763 1,150,911 1,071,029
Tot. 8. L. A 8. F. 4tbwkAuK' 319,938
277,266 5,588,279 5.334.456
Akk, total . 4thwk Aug 1,445,660 1,346,347 28,936,111 27,127.443
AtUnta.feCtaar.v June
50,474
58,613
354,436
400,166
Atlanta AFlor'a AuKUSt..
6.935
7.622
AtUntaAW.Pt. July
31.850
33,524
240.642
250,606
B.AO.£a8tLlnea July
1,639,422 1 ,753,263 10.853,911 10.482.281
Western Lines July
450,462 46.=S,814 3,377,515 3.102,651 Mo.Pac.AIrouM 4thwk Aug 990.000 849,000 17,09.4,000
244,532 233,674 2,138,429
Total
.ruly
2,089,883 2,219.077 14,231.425 13,584,932 Mobile A Ohio.. August...
297,661
57.970
72,833
Bal.AO.Southw. 4tliwk Aug
88,918
79,635 1,708,199 1,565,084 Mouterey&M.G April
Na9h.Ch.A8tL.. luly
Bath A Uam'ndfl Juue ...
430.835
530,454 2,912,984
1.790
1,504
10,337
9,033
AN.
y.
N.Jersey
Bir. A Athmtio. Aujfust.
June
26,842
143,3 i4
28,592
3,536
3,728
27.329
34,003
So'u August
84.517
8.974
12,297
Blr.Sh.ATfnn.RlJuue ...
21,206
17,941
110,476
92,294 New on. A
OTS.y.C.AU.K.
August
Brook lyu KIov..fAu»ru8t...
1,061,441 4,046,502 29,2)8,289
137.415 128,163 1,224.337 1,156,886
2,784,659 2,818,392 17,377,862
BaO.Boch.APili 4thwkAug
83,945
86,034 2.057,571 1,804,769 N. Y. L. E. AW. July
Bur. C. Rap. AN August
599,742 581,826 3,386.635
352,729 330,757 2,609,468 2,211,021 N. Y. Pa. A Ohio Juue
Oamden A Atl. July....
2,906,004
131,162 120.231
430,965
424.471 N. Y.AN.Eng.. June
364,042
61,216
49.801
OuiadlanPacinc 4thwkAUK 680,000 544,000 13,447,584 12,447,041 N, y, ANotth'n. August
Out.
AW..
N.
Y,
4th
wk
Oar.Cum.GAOh. June
Aug
120,242
2,302,481
94,794
1,142
3,330
16,095
21.853
W.. July
Oar. Midland... August
950,570
160,436 157,705
5.200
4,381
37,068
38,211 N.Y. Busq.A
Norf. ASouth'n. July
Central of Ha... June ..
257,356
33,993
32,894
544.928
Oentralof N.J.. July...
172,737 6,229,917 5,790,061
1,310.928 1,334.528 8.051.141 7.839,796 Norfolk A We.'il.. 4th wk Aug 197,245
Central Paclflo. June
41.224
44,515
363,918
422,958
1,332.641 1,495,162 6,794.520 7,669.697 N'thea8t'u(8. C.l June
Oentralof 8.C. June
587,686 566,194 3,916,163 3.741.797
5.708
6,
49,996
50,279 North'n Oeutral. July.
Paclttc
Northern
4th
wk
Aug
Ohar.Cln.&Chlc August..
721,672
14,720,572
14.718.703
657,333
9,500
14,058
88.810
99,629
Wis. Ct. LiQos. 4thwkAug
Charles t'n A Sav June
192,452 152,945 3,710,531 3.302,552
41.292
49,831
351,319
419,702
N.P.AW.Cent. 4iuwkAug 914,124 810,278 18,431,101 18.021,254
Ohar.8um.ANo August
9,500
8.800
89.561
66.673
4tliwkAug
Cheraw. ADarl. June
94,242 110,863 2,68 1,607 2,704,103
4.399
5,411
38,3^6
52.851 ObioAMiss
4thwk Aug
Oheraw.ASallsl) June
19,925
456,075
431,231
12,267
1.073
800
9,722
12,562 Ohio River
Cbes. AOhlo... 4thwk Aug 350.859 307.073 6,081,618 5.805,273 Ohio Southern
August...
404,891
359,772
60,404
53,612
Ches. O. A 8. W August...
262,883
50,586
45,573
322,514
193,601 203.287 1,396.916 1.485.835 Omaha A St. L.. July
Ohio. Bur. & No. July......
372.400 372,231 2,195.581 2,235,976
150,562 163.511 1,122,424 1,130,965 Oregon Imp. Co July
Ohio. Burl. A q. July
Pennsylvauia .. July
6,578,672 5,679,782 38,274,124 37,155,193
3.214.136 2,761.495 21.450.976 17.531.081
ahio.AEaet.Ilj. tthwk Aug 102.538
575,241
29,344
24,108
556,711
94,125 2,585,087 2.418,085 PeonaDeo.AEv. IthwkAug
July
Chicaeo A Erie. JiUy.
321,564
48,895
40,607
336,663
207,372 225,817 1,571,644 1,450,231 Petersburg
Cliic. Kal.A a... June
42I,3t>d
499,551 2,748,113 2.788,933
23,947
24,468 Phila. A Erie... July
Ohlo.»ll.A8t.P. 4thwk Aug 915,773 85-5i52l' 20,207,484 16,981,362 Phila. AKeail'g July
1,881,253 1,936,874 12.663.780 11,881,678
Ohio. AN'thWn. July
CoalAIrouCo. July
1,835,499 1,879,463 12,019,146 10,316,284
|2.796;630 2,563,123 17,659,826 14,723,476
Ohlo.Peo.AS.L.1 4thwkAug
TotalbothCos. July
3.716.752 3.816,337 24,685,226 22,197,963
44.081
39,147
838,2 1-i
72.5.970
Ohio. R'k LAP... August ... 1,935,840 1.658,452 11,492,605 10,212,899
Ceut, of .V. J.. July
1,310,928 1,334,528 8,051,141 7,839,796
Chlo.8t.P.AK.C, IthwkAug 189,682
Lehigh Vailey June
1,540,811 1,516,720
164,08<> 3,178,675 2,796,283
28',337
0hlc.8t.P.U.AU. July
2.710
25,224
3,800
726.68i 656,562 4,712,143 3,875.490 Pitts. Mar. A Cu. August
Ohlo.AW.MioQ tthwk Aug
Pitt.Shen.AL.E. August
201,113
38,122
37,822
245,428
51.5'«3 1,266,686 1,130,946
56.781
Ota. Ga. A Ports. August
107,049
94,819 107,049
94,819
7,330
6.858
44.922
43.062 Plttsb. A Weafii January...
Ota. Jack A Mao Ithwk Aug
Pilt3.Clev.AT. January...
29,371
38,017
33.017
29,371
2.5.313
23,638
449,913
477,770
Cta.N. o. AT.P. ild wk Aug
Pitts.Paiu.AF. .lanuary...
15,589
15,116
15.116
15.339
70,88J
80,007 2.632,183 2,688.935
Ala. Gt. South. 3d wk Aug
Total
system
4th
wk
Aug
1,458,637
71,311
71,438 1,576,300
27,528
29,381 1,071,829 l,157,''39
N.Orl. AN. K. 3d wk Aug
606,331
118,3141 134,132
810,186
19.143
16,450
764,220
687,715 Pitt. Young. Aa. July
Ala A Vick.tb. 3d wk Aug
195,444
116,892
13,458!
19,792
8,5i2
9,028
368.221
367,688 Pt, Royal A Aug, Juue
Viois. 8h. A P
212.283
d wk Aug
16,223
21,635
133,128
8,470
7,574
318.099
345,517 Pt.Koy.AW.Car June
Krianger Sysi. d wk Aug 134,552 142,443 5,152,552 5,245,693 Pi-es.AArw.Cen. July
75,016
74,397
13,000
16,830
Otan.NorthwD. August..
163,416
25,470
22,059
174,630
1,>'40
2, 86
13,804
13,694 QuiucyO.AK.C. August
Ota. Ports. A V. August..
526,900
432,900
27,838
24,790
163,125
151,042 Kich.ADanviUe. January... 432,900 626,900
Col. A Maysv August..
Vir. Midland.. January...
183,300
141,5001 183,300
141,300
1,533
1,280
9,499
8,276
Ota.Wab.AMieh. June
95,700
Char.Cul.AAu. January..
68,500
68,500
95,700
71,725
65.122
391,133
310,555
OeT.Akron&Col 3d wk Aug
Greeuv.
January..
90.900
Col
A
71,600
71,600
90,900
21,838
20,306
613,573
588,403
Clev. Can. A So July
82,500
West. No. Car January..
63,300
63,500
82,500
89.000
7.5,673
462.080
3'<9.712
OLCln.Ch.AH.L 4thwkAug 513,376 460,811 9.208,637 8.829,246
168,300
Georgia Pao
January..
182,900
182,900 168.300
Peo. A East'n. 4th wk Aug
9,900
Wash.O.A W. January,.
9,720
9,720
9,900
54,573
56.286 1,146.916 1,070,994
Oey. A Marietta August
14,000
Ashv.ASpa^t Jauuiry..
11,700
29.18-<
222, h92
11,700
14,000
28.716
210.368
Color. Midland. tthwk Aug
Total Sys'm. July
947,430 1,107,020 6,986,986 7,705,829
66.257
63,617 1,431,156 1,319,930
Ool. H. V. A Tol. .\UgU8t
197.210
210,363
31,591
28.362
30i»,257
324,089 2,142,801 2,016,063 Rich. A Petersb. July
OoLShawueeAB IthwkAug
161.051
430,914
14,710
26,910
6,170
18.871
455.238
335.728 Rio Gr'de South. 1st wkSep
Oolnsa A Lake. August
3d
wk
1,539,633
RioGr.
West...
Aug
60,700
63,900 1,598,297
6,030
5,100
18.391
18.585
Oonn. Rlrer
July
65,853
73,106
11.632
1 1,002
106,246 101,200
669.216
617.476 Sag.TuscolaAH. Auguat ...
Current River.. 3d wk Aug
885,196
39.990
928,810
3.33;
35,130
3,120
116,910
96.583 8l.L.A.AT.U.B's IthwkAug
Deny. A Rio Gr. 4tbwkAug 290,100 236,400 5,914,103 5,378,899 St.L.Ken'et.A8o .4ugust
13,652
22,759
2,530
1,993
DesM. No. A
Auffust ...
36,170
31,652
260,491
204,768 St.L.Southw'rn. 4tliwk Aug 136,653 124,674 2,6''3.6i3 2.555,964
DetBay C.AAli. August
29,000
189,837 152,416 1,246,280 1,057,589
33.400
239,591
314,081 8t.PaulAUul'th ••Vugust
DetLans'KANo IthwkAug
722,276
639,196
42.583
37,297
788,8 -IS
107,037 137,830
802,563 San Ant.A A.P.. Juue
DolathS.S.AAtl Ithwk AuK
5,833
3,831
531
518
77.03.)
76.651 1,5 -5,898 1,425,470 Waudersv.ATen. August
Dnluth A Wmn. AUKUSt...
510,93 »
521,295
20,822
19,000
8,065
5,049
79,289
48,645 8. Fran.AN.Pac. 3d wk Aug
B.Tenn.Va.AGa.
268,056
wks Aug! 323.000 356,090
Sav, Am. AMon. July
279,186
47,974
36,170
lOgtaJol.AiCast. July
67,494
65,8.53
207,273 231,547 1,373,143 1,500,799
465.510
377.422 Sav.Fla. A West. -May
rans.AIud'plls 4thwk Aug
66,376
.4ugU8t
13,756
50,301
16,533
12,000
13.075
248.895
233,238 Sllverton
Kjansv. A T. H. 4th wk Aug
212,149
195.644
33,444
39,866
36.981
37,776
836,880
798,821 Sioux City A No. June
ntehbari
irg
JuLv
83.701
643.498 598,043 4,176,836 3.905,260 South Bound... June
14,305
ntot.AP.MarQ.'4thwkAug
849.353 1,054,038
79.361
95,000 120,469
72.864 1,906.2.35 1,925,757 South Carolina August
™renoe
June
1.649
1.605
19,(112
23.861 So. Pacitie Co.—
A Rio Gr. August...
Gal. H a r. AS. A. June ...
23.871
27,4.50
324,591
337,215 2,066,149 2,023,876
221.337
153.804
Oa. Car-la * No. J une . .
490,21"
Louis'a West. June ...
449 872
22.111
74,736
5.753
74,665
91,232
56.973
Georgia RR
July
Horgau'sLAT. Juno ...
103.235 126.779
356,273 371,9 42 2,349.822 2,593,112
798,273 1,031,753
Geo. Bo. AFla.. August...
Juue
55.912
Y.T.AMei
86.426
53,220
N.
16,621
18.731
93,094
484.261
...
490.308
georget'n A W'n June
rex. A N.Orl. June
126,-243
3.333
3.530
128,703
787,585
740,413
24,029
21,829
"'•Bap.AIud.. IthwkAue
Atlauticsys.fi. June...
74.396
66,202 1,634,835 1,56-<.614
901,479 932,626 5,345.90
5,933,896
On.aAFt. W.UthwkAug!
12,-)07
Paciflo system June .
14.955
3.058.993 3,119,354 16.265.525 16.677,638
322.850
288.676
Other Unes... Ithwk Augl
Total of all.. June...
7.0O0
6,401
3,960,473. 4,051,980, 2i,lll,42i 32,611,532
159,210
149.531
Total all lines. 4thwkAuRi
96.3'il
85.110 2.116.895 2.006,84 1 So Pae, RR.—
•jwid Trunk... ft'kAug27 384.982 417,3.19 12,473.287 12,087,870
Coast Dlv(Cal,) Jane.
204,613 208,616
997.238
969,865
Cfcte AQr.Tr. WkAug27i
.i
65.143
71.6781 2.410 157 2.3.'i7,2»9
Sou. Dlv. (Call June
694.7151 515.240 3.531.683 3.042,617
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THE CHRONICLE.
418
Jan. 1
Latest Earnings Reported.
to Latest
EtOA»S.
Week or Mo
1892.
Jane
171,166
82.430
*
Bo.Pac.KR.-Cow
ArUona
l)iv,
MewMex.Div June
Bpar. Un. A Col Juno
Btatrn Ii-l. R. 1 Jrly
S.U
155.103
BtonyCl.ACMt.. .luue
Baniiuit Branch July
Lvkn:8Valle> July
Tot lioth CoV .Inly
Tenn. Midland.. AUKUSt
Zexae A Pacilln Ithwk Aug
I»i.8.Vai&N.W August
TOl A.A.&N M A!;ffust
lol Col. A Cin. IthwkAng
*>l. A Ohio Cent Ithwit Au)?
lol P. A West.. IthwkAuK
1
»ol.Bt. L.AK.C 1 8t wk 8ei)
Tol.A So. Haven July
Ulster A Del.... June
Dalon Paeillp—
Or.S.L.AU.N. June
Or.Ry.&N.Co. June
Un.Pac.D.AO. June
3,674
96,938
80.1(18
1-6.016
17.813
181,2.'i8
4,453
97.420
12,709
56,973
21.100
*
154,471
82,8?S
8.628
143.797
5,492
1 1 1 ,903
79,655
191,557
20.315
182,143
2,985
88.567
8.371
43,697
47.143
2,570
36,624
2.781
36,016
664,991
411,633
519.002
39,077
Bt.Jo.&G'dJ8l. ithwkAug
2, 037,392
All oth. lines.. June
Tot.U.P.Sy8. .lune
3, 758.773
109,437
Cent.Br.&L.L. Juno
3. 806,209
Tot. cont'led June
103,146
Hontiina Uu. .Tune
939,808
502.939
52,510
G14.133
14,193
743,220
586.979
1,330,198
120,532
3,922,755
31,197
714.752
222,243
1,013,007
627,732
1,111,903
14.539
171,233
2:1,137
53,6:<3
Pate.
1891.
1892.
1891.
662,393 3.291, 834
438,051 1,960, 475
462.600 2,718, 919
22,401
761, 832
,821,260 10,538, 156
967,187
511.314
61.607
,'.91.899
13.076
7i8.46t
344.315
1,272.779
127.306
4.157.718
27.433
6^2.125
221.539
910.288
601.018
1,2(^4,131
15.447
158,161
,702,180
571,133
474.366
522,308
802.195
,915.803
,447,786 19,077, 516
306,985
51,123
605, 082
,498.909 19,682. 598 19 ,222,790
46,072
553, 665
391,877
2,476
14,151
2,437
18,,128
Iieav.Top. & 8. June
3.118
19,820
2.825
Man.Al.A Bur. June
19,,557
429,147
108,407
51,664
591,,330
Joint.own'd. -. Tune
Grand total June
3 ,920,413 3 524.741 19,978,,274 19,,437,364
lOl.lSl
10-,,982'
19,333
18,918,
Termont Valle.\ July
Ithwk Aug 505,000 456,000 9,002,,520 8,,709.231
Wabash
July....
208.563 200.8391
893.575
920.,209,
Weat Jersey
633.413
W.V.Cen.APitts July....
85,680
85.970|
618,.1181
40,194!
Western of Ala. July....
37,340
263 924
303.409
WesLN.Y. APa. .S wks Aug 226,100 211,600' 2,143 .9-0
,251.202
18,42ll
WestVir.&Pitla. June ...
27,312
146..497
65,82,
WbeellnKAL.E. ithwk Aug
43,040
39.511
910,,765
832.03q
53,176
WU. Col. A Aug. June ...
58,905
413,,336
502,03S
Wrlghtav.&Ten August.
5,4^0
6.711
43 .526
38.82?
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Vol. LV.
Net Earning's Monthly to Latest Dates.— Ttie table following shows the net earnings reported thi-s week. A full
detailed statement, including all roads from which moQthly
returns can bo obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of August 20.
The next will appear in the
September
issue of
17.
Gross Earnings
1892.
1891.
.
.Vc< Earnings.
1892.
1891,
.
9
%
R»<tds.
A
,
S
150,562
North, bjuly
July 31... 1,122,424
163.511
31,080
33,523
1.130,963
329,600
408.S23
164,957
162.630
Chic. A W. Mloh....aJuIy
31,426
51,069
Jan. 1 to July 31... 1,0:^1,980
900,077
278,833
291,591
770,576
768,211
300,422
Deny. A R. Graude.bJuly
333,935
Jan. 1 to July 31... 4,983,103 4,631.199 2,00 ,571 1,531,098
102,049
107.714
35.051
Det. L^ins. ANor...aJuly
30,008
664,91.)
672,147
Jau. 1 to July 31...
119.333
178,181
aJuly
348,995
319,061
8an.C.Ft.8.&M
61,485
82.310
Jan. 1 to July 31... 2,758,996 2,380,364
681.691
672,209
74,322
60,103 d6f.l3,339 def. 1,099
Kan.C. Mem.A B...aJuly
399,164
639,674
Jan. 1 to July 31...
39,791
49,437
July
653.077
Central
637,815
291,698
180,907
Mexican
Jau. 1 to July 31... 4,459,771 4,023,153 1,549,889 1,127,959
July
•163.985
400,837
*85,322
321,943
Mexican National
•792,572
*630,787
Jan. 1 to July 31... 2,381,493 2,403,118
.July
Louis.
a..
178.483
151,831
77,032
60,711
M;inn. A St.
896.917
411,838
290,556
Jan. 1 to July 31... 1,085,736
33,993
32,891
9,106
t
Norfolk A South'n..b July
257,336
96,177
Jan. 1 to July 31...
July
372.400
372,231
77.0.59
93,437
Oregon Imp. Co. a
40^,223
315,775
Jan. 1 to July 31... 2,193,581 2,233,976
449,511
368,733
Dec. 1 to July 31... 2,493,419 2,378,360
421.363
4H9.351
77,599
196,013
Philadelphia A Erie.. July
714,2h8 l,02j,011
Jan 1 to July 31... 2,748,113 2,788,938
1 16,643
33.109
100,715
44.466
St.L. A. A r. II. bchs.. bJune
698,346
217,373
663,012
263,121
Jan. 1 to Juno 30...
Chic. Bur.
Jan.
1 to
—
'
Figures cover only that part of mileage located in South
t Earnings given are on whole Jacksonville Soutlieajtern
A Kansas City A Pacific included in both years, d Includes
from ferpifts, eto.. not given separately, t Mexican oorreuoy.
tnolade Rome Watertown A Osdenshurg.
*
Carolina
System.
earnings
TFigures
Latest Gross Earnings by Weeks.— The latest weekly
earnings in the foregoing table are separately summed up aa
follows:
SI Our final statement for the fourth week of
roads and shows 11 'll per cent gain.
August covers 63
are after deducting taxes.
eari.ingi here given are before deuuctiug t ixos.
After deducting other expenditures for repairs, replacements and
geueial expenses, net earnings iu July were *130,671, against .^40,331
In 1891, and tor seven mouths $389,398. against ^333,813.
fur imiirovemeuts, Ac.
t Net earaings all spent
a Net eaniinsrs here given
b Net
•
Interest Charges and Surplus.— The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
—Inter'l, rentals, ««.-. ^-Bal. of Net Earns.—,
1892.
1891.
increase.
Decrease,
Bt.
A 8.
Louis
'«..
Fi-
Eoads j'tl.v owned *«.
A Ohio Southwest'n
Bait.
A Pitts.
Buffalo Eoch.
. .
Canadian Pacihc
Chesapeake A Ohio
Cblcairo
A
Eaat. Illinois.
Chicago A Grand Trunk..
Chicago Mil. A St. Paul..
Chic. Peoria A M.Louis..
Chic. St. P. A Kan. City.
Chicago AWeet Michigan
Clnciunati Jack. A Mack.
Cleve. Cin. Chic. A St. L..
Peoria A Kastcrii
Colorado Midland
CoL Shawnee A llooi tai;.
Denver A Rio Orana*^...
Detroit Gr. H. A Milw...
Detroit Lans. A Northern
Duiuth 8o. Sh. A Atlantic
Kvansvllle A ludlanap...
Evans. ATerre Uaute....
Flint A Pcre Marquette..
Grand Rapids A Indiana.
Cincinnati K. A Ft.
W
Other llneft
.
1,076.094
49,628
1,028,594
40,488
271,234
48,704
88.918
83.945
580.000
330.859
102,538
65.113
943.773
44.081
l»9.6a2
237,303
39.763
79,635
86.034
544.000
307,073
94,123
71,67»
855,321
39.147
164,080
51,583
23,038
460,811
66,286
63,617
18,871
236.400
27,731
37,297
76.651
13,075
56,781
25,313
513,37o
54,573
66,257
26.910
29IM00
27,865
42,.'i8')
77,03(1
16,533
39,866
7i).361
74,396
11,935:
7,000,
Grand Trunk of Canada.
381,982
luternat'l
121,814!
10,090,
13,587;
A Gt. North'n.
Kanawha A Michigan
Keokuk A Weoieiii
Lake Lrie A Western..
Long Island
lioiusv.
Lvansv.
Louisville
A
A St. L..
Nashville
Alb. A Chic
Loulsv. Bt.i-ouis A leias
Ifexican Central
LouUt. N.
Mexican
^atluu.ll
MUwaiUieeA Aorihern..
Mo. Kansas A Texas
Mo. PacihcA Iron Alt...
New York Out. A West..
Norfolk A Western
Northern Pacibv
Wisconsin Central
Ohio A AUssissippt
Ohio River
Peoria Dec. A Lvausv...
Pittsburg A Wesiuru
Rio ijrande Southern
tl Joseph A lir. Island,
t l.L. Alt. A 1 U. urcuee
.
Bt.
Louis Soutuweotern..
Texas
A
I'acillo
Toledo Col. di cinn
Taledo A Ohio Ceuiral.!!
Toledo Peoria A Aesl'u..
T'lleUo ot. L. A Kau. Cll.v
'..
Wahasii
Wheeling at L^ko Krlo"
Total (63 roads)
HetlncreateiU-Ilp.c,
122,688
124,3i)3l
49,5771
629,410
109,102,
18,462
185.428
163,613
42,177
324,879
990,000
120,242
107,243
721,672
192,452
94,242
lU,i»25
29.344
71.341
26,303
39,077
3y,99u
136,555
181,258
12,709
66,973
24,100
75,460
505,OOo
43,040
.......
><',OU0
3.),311
11,187,048 10,063,45-.;
A Mem.July
C. Ft. 3.
C.
Mem. A
Blr..July
^L REPORTS.
6,535
90,232
4,934
23,602
5,198
1,673
52,565
New York New Haven & Hartford
^For
1,713
2.64U
8,039
53.700
131
5,286
37^
3,438
tar
8,191
2.44S
4
Kan.
Kan.
36.000
43,786
8,413
2,88'.
109,419
50,693
253.503
819,000
94.791
172.737
657,333
152,945
110,863
16,267
24,108
7i,438
10,608
22,401
35,lao
121,674
182,l4a
8,571
43,6^6
23,137
62.639
23,918
62,925
26,399
84,006
88.937
37,S33
..July
to July 31...
—
2.089
72,864
66,202
12,507
6.401
417,33
116.36i
8,940
12,148
80,071
113.185
46,101
570,529
89,6b3
15,3»1
A West Mich
Jan. 1
July
Det. Lans. A Nor
Jau. 1 to July 31...
47,500
9.140
33,731
8,911
9,283
36.1)81
178,()04i
»
Roads.
Chic.
Atch.Top.&S. Fe
Roads j'tly owned
1891.
1892.
1891.
«
29.849
21,220
10,428
113,908
129,289
165,305
3,60i
26,399
8,652
184,006 def.31,t71 dff.5,5aS
89,011 def.3i,432 def.6,671
33,671 d»f.50,723 def.30.771
1892.
ith week of August.
the year ending
Net earnings
Other inoome.
32,j67
5,452
1,130
1,139
42.617
11 20t-
Total
Dedtici—
Interest
Rentals
Taxes
Dividends (10
p. o.)..
Total
Surplus
3,l7t
58,88.
i.
.
11,323.617
7,923,902
11.913,701
8,273,011
3,004,348
142,383
3,369;3H3
149,383
3,394,716
le8.365
3,640,690
189,233
3,146,931
3,518,776
3,583,080
3,829,928
80,000
906,033
484,234
1,55D,000
80,003
982,883
552,878
1,705,000
80,000
984,060
•16,923
1,803,000
80.000
981,685
605.962
2,103,750
3,320,766
193,010
3,515,983
37,097
3,771.397
58,331
2,871
lf»0.
8,316
Openaooounts
Supplies and matsrlals
5,-^3o
97
agents
Stock and bonds owned
Total
885
Int. ou f'ded debt, due
Dl\-tdond8 unpaid
Loans and
300
300
300
306,438
372..3»2
794,l!)0
98,118
2.239,277
682.367
123,618
1,974,937
23,951,935
29,«70,612
31,000,265
18.7O.'),OO0
23.375,000
2,000,000
billt
18,600,000
2,OJ0,00O
stock.
A accrued.
payable
Oiieu accounts
12.811
Audited vouchers and payrolls..
Reutala due July 1
(
Accrued rentals not yet due.... 5
Credit brtlHiiee
liJ.OOO
3,4»!»
08,613
3,897,617
199.H6S
LiabxHtits.
Fundeddebt
4dv»uco3on accountof new
a63
1,187,209
Duoby
Capital stock
13,277
sfi
23.798,9.'50
329.901
627,992
36.063
2,328,769
Bills r«ceivabl«
16,621
$
21,032.030
3,379,4«5
271,254
719,774
18,876,082
3,461,573
Cashonhand
i)
1892.
1891.
$
Cost of road
Costot equipment
64.33
39,507
4,U5
30.
A ssets.
141,000
24,448
24,508
15,695
16,676
4,860
11,881
.
3,020,287
123,614
7,422
51,226
"3,658
tU
10,749,167
7,379,774
GENERAL BALANCE SHEET JUNE
l:^61i)
TiViil
Railroad.
1893. y
O!
tt
ffi
5y9
30,
In advance of the pimphlet report tlip Chroniclb ii enabled to give the ortioial fi^urej for 18Jl-9i a3 below. In
1891-92 $2,185,053 wa* spent lor betterments :
EARNINOS. EXPENS'tS AND CHARGES,
1883 89.
1889-90.
1891-92.
1390 91.
10,094,487
Gro?3 earnings
Operating expenses. 7,039,939
6.
June
Protlt
aud
loss (sui'iJlus)
6,667
2,000.000
876.303
6.667
3.669
3,140,000
156,326
6,'i67
3,706,527
3,>)60,484
3,747
500,000
97,018
764,299
43.500
193,101
7,217
4,007,716
25,951,933
29,670,612
31,000,265
3,!)09
860,000
98,069
433,794
looocj
J^»'«.»oJ
68>i,973
i
15,524
J
i'jj,264
.
.
l.U8,-.9ii
Total
THE CHRONK^LK
rittPTEMBKR 10, 1892.J
Mlhrnnkeo &
Clilcaifo
Punl Ruilirnr.
year ending June 80, 1892.^
('For the
St.
tlio odi-
tori*! columns of tlio Chro.niclk.
Tlie remurks of President Mdler will bfl found at lenRth on
another p.i«e, furnishing more particulars concerning tlio
proiMjrty and the year's operations than could bo given in a
condenbed statement in this column.
tables of earninKA, income account, etc., for
three years have been compiled for the Chronicle as below.
OFERATION8.
1891-92.
1889-90.
1890-91.
5,721
S,72l
6,702
Miles opcrjitcdJuno 30....
The comparative
Kqutpmfnt—
23,230
nnamlAoel. oars...
—
OprratU}}tt
PaHsi'UKiTs carried
one
Psdsen);. c;irrleil
BatoiHT
U
m
tion."
The operations, earnings, &c,, were da below ; no comparisooa can be made, previous years having ended with Dec. 81
d'EBATlONS 1891-92.
537
Miles operated .funn 30
009,335
Passengers ear- led
84,411,058
Passengers carried one mile
2 '017 cts.
1,504,801
240,129,798
0-868 cts.
Hate per passenger per mile
776
62*
iKjcoiiiHtiven
Ptts-piiRtr equipment
Freih'lil
earninga and mileage of the branch lines are included in the
herewith Riven.
"At the meeting of stockholder'* on the 2lBt Inst, a roMlutlon will be submitted to classify the directors' term.i of B«ris bevice into periods extendin*; throui^h four ro ira,
lieved that the guarantee thereby given of permanourje of
iiennlly to
management and continuity of policy will add
tlie credit and character already enjoyed by your corporare|)ort
the annual report will be found in
Comments upon
419
|>R*Keiitt.
lulle.
rallo.
per
FrelKht (toin) curried
one
Hate per ton per mile
801
678
709
684
25,317
22,138
7,919,229
7,505,91(1
2.5e,:«9,345
262..=>.'>1,100
2-391 ct».
2-3.t3 otii.
0,2!t2.!>9n
10.3»7,p3.^
8,n2n,P0C
270.8t7,(iH3
2452
ets.
ll,.568,i)30
1,842.789.845 1,895.63.5,111 2,2«.i.9»3,968
1-003 cts.
1-0J6 ota.
995ole.
EAUNIN'GS AND K.XFEMSB?.
1890-91.
1891-92.
18S!)-90.
Fr«lglit (liiu«) car'd
—
in..
Freight (tons) carried
Freight (tiius) cirrledone mile
Kate per ton per mile
EAHXIMGI ABD B.XPENSER 1801-92.
Kaminaf—
Kiptnta—
9
3,067,108
Total earnings
5.9S1.R39
18.337.000
6,277,774
6,639.1.37
23,241,421
2.087,0.'>9
19,012, l.'O
2,214,291
20,405,707
27,504,224
32,233,508
Net earnings
DivlJends
$
952,160
45,000
3,763.983
4,235, .'>1
997,100
10,714,471
857,906
242,214
3,H84,373
11,515,811
933,148
Total
2,787,!)-J4
Mlaoellaneons
3,119.714
2.639.840
10,388.382
830,046
19d,lU6
Total expenses
Net oaraings
Per et. of op. cxp. to earns.
17,173,097
9,232,610
65-04
18,366,500
9,137.724
68-78
20,815,004
11,463,504
64-48
1890 91.
1891-92.
Fieleht
Mall, express, &o
Totnl earnings
Ejtpeuart /i>r^
Malutenauco of way
Uainten. i-arsand engtaes..
Transportation
Taxes
$
2,40'J,!)51
2,114,948
Total
(952,160
Net earnings
Per cent of operating expenses to earnings
$
PaaspiiKers
structures..... 363.309
Motive pi)Wer aud cars.. 263.778
Transportation
1,179,796
308,067
Uoneral and tax«s
Freight
2,139,357
Mall, eipross and mlscol. 223.221
$
Karningtfi'om
$
Way and
704,530
Passengcis
68-1)6
INCOME ACCOUKT 1891-92,
Rereiplt-
IHsburscmentt—
$
Interest on bonds
740,000
183,001
28,243
Rentals
and discount
Int.
931,244
$65,916
Tetal
Surplus
-
GENERAI, BALANCE JUNE 30, 1892,
246,158
A$iets—
IKCOUB ACCOUNT.
1889-90.
litttipts—
$
$
$
9,232,610
220,025
9,137,724
418,425
11,468.504
237,354
9,452,635
9,556,149
11,705,853
7,214,1.15
7.237,253
1,532,152
7,161 ,730
Total net Income
Disbut'teni this—
1,296,828
(6)
1,572,612
(7)
MisccUaucous
Total disbursements....
8,510,983
941,652
Surplus
OENliaAI. BALANCE gneST
1890.
(7)
84.217
112,414
8,853,621
702,523
8,846,762
2,859,096
JC5B
30.
1891.
1892.
189,624,728
191.544,853
7,33-',241
7,419,'241
I>ue from uk-ents, etc
l>uo from U. 8. Govertn't...
,
256,954
27«,25l
2,3 3.2 J3
232.972
Materlnls and fuel
Bonds of comp'y on hand
Stock of com p'y ou hand
Cash
.
.
2,385,002
5,692,0<IO
5,9l»6,«i00
2,961.930
1,419,498
4,821
3,493,760
2,021,463
4,770
4,043,530
166,324,301
211,020,441
211,882,528
39,86a,961
21,839.900
125,693,000
2,880,278
3,529,492
46,027,281
21,361,900
93,156
2,419,514
46,027,261
22,198,900
129,797,000
2,786.778
3.516,775
3,477,228
91,646
3,091,853
196,324,301
211,020,411
. .
Mlsecllaneous
Total assets
LialnUliet—
Stock, common
Stock, preferred
Fondod
185,631.301
1,233,383
214,957
247.838
2,407,369
2,178,000
National
1
Bank
of
Commerce
270
,
Cbaso National Bank coupon account.
Cash
C. <& W. I. ).lukmg fund
167,980
92,383
9»,314
Cars In car trust
Iiidianapolis Terminal
Ohio Falls Car trust
ProUt and loss
12.5.425
89,175
18,017
368,325
¥21,073,031
Total assets
Li%bUtttfls—
Capital stock
$6,400,000
12,800,000
319,583
419,394
SU9,389
156,250
Funded debt (see Sufplement)
Coupons and Interest
Chase National Bank, special account
payable
Am. Express
Co. special loan
,
Audited vouchers and pay rolls
5.iO,.555
Due
117,859
to roads, individuals,
*c
2.^6,160
Total liabilities
$21,073,031
Fltchbarg Railroad.
CFor the year ending June 30, 1892.^
In advance of the annual report the Chboniclk his been
2,722,549
3,436,339
furnished with official figures as follows
EABNtNOS, expenses, CHAtOBS, ETC.
1883-39.
188990. 1890-91.
Total miles openaod
369
349
4{8
$
s
s
217.26l>
5,133,4(15
7,31^,805
5.336,773
2,012,027
:
delit
Pay-rolls, vouchors, etc
due
Interest accrued, not
Ijoant and bills payable
Hiseelliineous
Income account
Total liabilities
Louisville
New Albany &
129,li).i,000
Totalgross earnings
5,747,935 6,259.533
Op. expenses and taxes.. .4,39.),792 4,525,605
5,86«,209
211,882,528
Chicago Railroad.
(For the year ending June 30, 1893.
The annual report is now made for the year ending June 80.
Gen. Samuel 1 homa.s, the Pre.-ident, remarks that "the ratio
of 0|)eratiug expenses and taxes was 68-96 per cent. The gro.s8
of earnings per mile were $5,794 17. The increase of gross
earnings for the year as compared with the corresponding
jwriod amounted to $316,789.
^^
"On Novemljer
I79,65-i
4,000
126.278
229,917
Agents auM conductors
Roads, Individual and companies
Bills
Boad and equipment
Bonds and storks owned..
fl2,276,353
6,373,414
"
923,548
C.&I.Dlv
do
do
Investments
Materials on hand
Bills receivable
Net earnings
Other Income
Interest on debt
nirideiidx on pref.atook.
Rate of tllvldeuds
Eoad and equipment
1891, the stockholders authorized 'an increase in t»ie ca|4tal stock of $5,600,000, mating the total
share capital $12,000,000. The new stock authorized was
offered lor sale to tlie stockholders of the company at $.!5 per
9,
sliare, and has all l)een taken.
As the operations, however,
connected with the issue were not terminated until Aut^ust
31st the new stock is not shown in the balance sheet at the
close of the fiscal year, but the expenditures so far as made at
that date are included among the liabilities. Fr,)m the new
capital thus realized the sum of $398,417 had been expended
in co.istructioa pri jr to
June 30th.
"Tlie operations of the Chicago
Western Indiana road and
the Belt Kailway of Chic.igo, in which your company is fifth
&
owner, have yielded a proiit which enables dividends at tuo
rati) of 6 per cent on the stock.
"The maintenance of st'parate organizations for your two
brancii roads nam^-ly, the Bo iford <S Bloomfield and the Orleans We.-t Haden & French Lick Springs railroads, entails
considerable nmouut of trouble and expense without any compensating advantage, and in the near future an eflfort will ba
° ""''" *''''"* '''Rally with the parent corporation, of
™tu
which
they now constitute physically an integral part.J|The
Net earnings
Per
ct.
1,357,193
6,851,002
1391-92.
436
s
1,733,928
1,717,537
7380
69-74
71-78
69-57
281,280
762,806
27.375
271,980
799,153
250,980
t)45,271
261,335
271,9-0
869,063
20.:i«
562,749
1,341,232
392,696
1,727,012
def.9.475
1,874,282
137,745
of op. ex. to earns.
(excluding taxes)
—
Oisf) ur9em en'9
Rentals paid
Interest on debt
Other imerest
Di videuds
Total disbursements.. 1,07 1,96
Balance, surplus
285,232
8,264
18,793
649,238
New York & New England Railroad.
fFor the year ending June 30, 1892,^
This company's fiscal year ends Dec. 31, but from reports to
the New York State Railroafl Commissioners the following is
compiled for the years ending June 30.
BABNIKOS, expenses AND CnARGE.S.
1889-90.
Oross earninirs
Operating expenses
Net earnings..
Other Income
Totnl
Deihiet—
Interest on bonds
....
1890-91.
S
9
6.149,216
4,133,51)4
6.218,617
4,652,142
3,750
2,015.742
6.336
1,664,175
6,295
2,071,285
2,022,123
1,670.470
1,078,497
475,477
264,765
243,775
41,799
2,0B7,."!35
1,005.539
1,068,661
Rentals
40.1.491
Taxes
257,690
183,369
24,248
42'»,»30
262.80.1
IMvldends"
Miscellaueous
Total
Balance
1391-93.
S
5,849,692
3,782,157
3,874,337
sur.198,948
• In 1889 90, 3 1» on preferred, 3
19 on
ferrea; la 1891-92, 7 on preferred.
IMO.oeO
4"',l!<2
2.101.313
1,938,5:3
tur. 33.555 def.433,843
common
;
in 1890-9 1, 7 on pra-
THE CHRONICLE.
420
GEHEBAL BALANCE SHEET JDME
Cost of road and equipment
Stocks and bonds of other companies
and
1 37,615
417,773
«4ir962,254
$42,87 l.Se^
530,276
451 ',766
132,705
„,.„,.
'Zf
^„f
yi.dal
loss' (deficiency)
Total
1891.
$40,009,015
99,900
467,082
399,241
136,614
469.930
309,119
88,012
832,456
^^^•''nl'ain
99,900
BuppUes on hand
Sues by aef nis of this company
Due by others not aeents of this company.
Due by companies and individuals
naah
nn hand
hmirt
Cash on
Debit balances being taxes, <Stc
Froflt
30.
1891.
AsaeU.
Liabilities.
Capital stock, common
Capital stock, p. eferred
Bupplles transferred from N.
Equipment notes....
Loans and Dills payable
Interest on funded debt, due
oRoJIsa
.i»»,oo»
$20,000,000
3,665,000
17,218.835
61,423
81.703
333,115
472,625
128,275
630,683
279,710
$41,962,254
$42,871,369
^'^S'SSS'SSR
Funded debt
<fe
BR
W.
,Hn5"?§a
17,209, oaa
61 ,423
aih'han
?°?'7?i:
4//,4i7
-•
and accrued.
Dividends unpaid
.".JVnVQ
Due for waKes and supplie.s
Due companies and individuals
jotal
[Vol. LV.
the opportunity for refundiag may occur during the current
year, the directors ask for authority to issue bonds to an
amount not exceeding $3,000,000.
The following will show the results
for the Chronicle
for three years, compiled
:
OPERATIONS.
1889-90.
1890-91
1891-92.
21,305.226
No. of passengers carried
22.395,4S7
23,870,41»
No. of pass Carrie 1 one mile.. 249, 441, 807 263,581.669 284,035,751
3.076,198
3,455,500
Tons or freight carried
3,708,480
Tons of freight car'd one mile. 112,893,604 114,945,965 114,090,656
EARNINGS AND EXPENSES.
1889-90.
1890-91.
1891-93.
.
Earnings from—
Passengers
Freight
Miscellaneous
S
Total
Opentlng expensjs and taxes
Net earnings
5.099,128
3,163,113
482,571
8,020,295
5,960,439
8,376,452
6,470.274
8,744,813
6,694,386
2,039,856
1,906,178
2,050,426
INCOME ACCOUNT.
1889-90.
$
Beeeipts—
&
The Old Colony Steamboat Company is now preparing plans
new steamboat similar in size and cost to the steamer
Puritan. To provide means to pay for the new boat, the
steamboat company may increase its capital stock, and the
directors ask for authority to take the stock to which this
company will be entitled as a stockholder in the steamboat
company in case of such increase.
The amount expended for new lands at various points on
the line of the railroad, after deducting the amount received
for lana eold, is $206,927, which has been charged to the confor a
1890-91.
1891-93.
$
$
1,906,178
239,054
2,050,438
159,807
2,145,232
2,310,233
696,214
563,374
872,690
716,949
582,908
827,811
2,132,278
12,955
1892.
2,127,468
82,765
1891.
1898.
$
$
22,961,105 24,038,889
1,124,623
1,434,177
497,184
497,185
1,671,938
1,555,400
74,017
59,585
702,248
592.411
269,191
313,247
146,921
123,935
313,575
638.347
372,398
300,922
28,432,258
1891.
29,285,008
1892.
$
$
12,376,525 12,576,525 13,176,625
Capital stock
Funded debt (see Sopplement).. .11,615,400 11,957,400 11,956,200
200,000
1
Notes, 5 per cent
758,581
609,821
654,375
Accounts payable
179,008
95.991
158,398
Coupons and dividends unpaid
439,848
425,842
Dividend due July 1
126'333
120,332
121,057
Accrued interest
339,817
315,829
346,441
Due connecting lines
588.692
481,223
464,319
Improvement account
13,645
21.062
12,855
Credit balances
1,700,561
1,562,561
934,561
Bills payable
251,668
251,666
251,666
Surplus
27,361,439
Totals
28,432,258
29,285,008
Rlo Grande Western Railway.
fFor the year ending June 30, 1892.y
In advance of the printed report the Chronicle has been
struction account.
year 1891-93 as below
The Fall River Warren
Providence Railroad has been furnished with the figures for the
1890-91.
1891-92.
1889-90.
1888-89.
sold under the mortgage. This company owned all the bonds
522
407
387
and a large proportion of the stock. The railroad and prop- Miles operated
$
$
$
f
erty covered by the mortgage was purchased at the amount Gross earnings
1,421,431 1,622,234 2,346,131 2,643,925
1,132,516
1,491,610
952,787
at which the stock and bonds stood on the books of the com- Operating expenses
pany, and the cost, $355,866, charged to the construction
*911,458
851,520
489,718
468,644
Netearnings
account.
2,262
30,968
5.099
Other income
Under the provisions of an act of the Legislature of Rhode
•911,458
856,783
520,686
473,743
Total
Island, a lease has been taken of the Providence Warren
Deduct—
Bristol Railroad for a term not exceeding the termination of Interest on bonds
560,000
535,500
393,501
358,291
20.003
15,144
the lease of the Boston
Providence Railroad.
11,113
36,090
Rental and miscellaneous.
312,399
255,369
Dividends
The new railroad between Plymouth
Middleborough is
nearly completed. It is about sixteen miles in length and its
892,407
806,013
404,043
394,384
Total
cost is about $300,000. Its stock is mainly held by the towns
19,051
50,770
116,043
79,359
Surplus
of Plymouth, Carver and Middleborough. It has a mortgage
* Includes other Income.
debt of $225,000. The Old Colony directors have made a contract to operate the road for a term of ninety-nine years, payIowa Central RR.
ing as a rental thirty per cent of the gross receipts.
The charges to construction account for the year are $714,fFor the year ending June 30, 1893. y)
WS, and for the Fall River Warren
Providence R. R., $355,In advance of the pamphlet report the figures for 1892 are
866, making in all $1,070,519.
published as follows
1891-92.
During the year six thousand shares of new stock have been
1890-91.
1889-90.
1888-89.
$
$
sold to provide means for new construction and the payment
1,699,742 1,888,280
1,588.962
1,387,304
earnings
Gross
of outstanding liabilities. The premium received on these
1,412,769
Operat'g expen. & taxes.. 1,229,289 1,219,554 1,288,855
sales, $391 ,993, has been credited to the improvement account,
478,491
410,887
369,408
and this account has been charged with $367,289 for additions
158,015
Netearnings
and improvements to the railroad and equipment which in
income account.
1691-92
1890-91.
the judgment of the directors were not fairly chargeable to
1889-90.
1888-89.
$
$
Receipts—
operating expenses. In the reports to the State and to the
475,491
410,837
369.408
158.015
United States these items are respectively entered in the in- Net earnings
14,268
16,100
15,875
14,670
Rentals
come and expense accounts. The amount at credit of im489,759
426,987
385,283
provement account on June 30 was $588,693.
172,685
Total
Disbursements
In the three years beginning Maron 1, 1894, a large amount
308,692
295,800
294,959
bonds
36,737
Interest
on
of bonds bearing interest at the rate of six and seven per cent
22,731
17.880
6,622
>ther interest
50,760
will mature, amounting in the aggregate to $'5,693,000. There BeotaU
82,522
89,086
94,97
55,364
arc also $300,000 of Boston
Providence R. R. C). seven per 1 )ivideud8
....'...'.
17,347
39;ib7
cent bonds which will be due on July 1, 1893. If, as seems Miscellaneous
probable, these obligations can be refunded at four per cent,
454,894
405,309
360,667
131,708
Total
the interest charges will be reduced $149,760 per year. As Surplus
34,885,
21,678
24,616
40,977
&
:
—
&
&
&
&
:
—
I
&
.
$
4,801.028
3,024,779
550,616
2,059,856
Net earnings
Old Colony Kailroad.
135,723
Interest and dividends
CFor the year ending June 30, 1893.^
2,195,579
Total
The annual report states that the earnings and expenses of
I>isbitrsetnents—
658,675
the Providence Warren & Bristol Railroad are included in the Interest
584,605
the
Rentals
to
made
have
been
additions
Large
accounts of this year.
cent)
844,6d3
per
Dividends
(7
equipment. Sixteen locomotives, forty passenger cars, atid
2,037,963
Total
one hundred and seventy-seven freight cars have been built
107,618
or purchased. The whole cost of new equipment for the year Surplus
BALANCE SHEET JONE 30,
has been $438,990, of which 213,770 has been charged to the
expense account and $i25,319 to the improvement account.
Assets.
One grade crossing has been abolished, and work is well
1890.
$
advanced on seven others on the main line. The amount ex22,071,271
of road and equipment
pended for tiiese changes the past year has been $438,990, of Cost
comps.
1,434.177
of
other
and
stocks
Bonds
which $213,770 has been charged to the expense account and Beal estate
497,185
$225,219 to the improvement account.
B. & f. lease and improve't ac't... 1,270,750
One grade cros?ing has been abolished, and work is well Providence terminals
575,143
on hand
advanced on seven others on the main line. The amount ex- Materials
260,203
Due from agents
pended for these changes the past year has been $45,708. A Bills receivable
90,685
800,974
portion of this amount will be returned upon settlement of Cash
361,051
balances
large
Debit
the accounts with the commonwealth and the towns. A
expenditure will be required in this direction in the future.
27,361,439
Totals
Several cases are now pending in the courts which will probliabilities.
Massaof
ably be decided at an early day. The Legislature
1890.
chuBsetts passed an act at the last session requiring the raising
Providence Railroad between
of the grade of the Boston
Chester Park and Forest Hills, a distance of more than four
miles. The esiimated expense is over $3,0o0,000 of which the
commonwealth will pay forty-five per cent. The directors
recommend the acceptance of the provisions of this act.
$
4,541,081
2,999,412
479,822
Sbptchbrr
THE CHRONICLE.
10, 1803.]
(For
general merchandisf
Brooklyn Elorated RR.
June 30, 1692. J
for tho
,
our standard business, and with
is
growing country such ag Atchison's
the year ending
Tho following has boon coinpilod
421
CllRONIOLB tor the
year 1891-93 compareil with previous years
BARNINOS, RXl'KXaBS AND CHAROBS.
:
mcreasing."
Called Bonds.
territory
—The following bonds
ia, is
constantly
have been called for
payment
1889-1)0.
1890-91.
1891-92.
s
s
s
l,5fl7..Ml
1.740.!»O7
1,825.327
tfoBTHBRN Pacific R. R.— Thirty-two bonds of the Mo.
Division liave been called for payment, interest ceasing Nov,
The numbers of the bonds are given in our advertising
1,
924,580
93 8.872
1.030. 528
columns.
6*2.931
6,978
758.635
794,79!)
13,7t)2
9,327
649,909
769,337
804,126
Interest on tramis
Other interest
272.390
504,670
312
2.80'4
Rentals
Taxes
271,075
10,191
105.500
12,606
Total
8urplU8
563,968
95.941
GrOM
earning*
Operutlnx expenses
Netearnlnga
Otberlnoome
Total
Deduel—
•
625,580
143,757
"
OGNBRAI. BALANCE SHBRT JCNB 30.
1891.
Assets.
$
Cost of ro(«l and equipment
8up|)lic8on hniid
Due iiy companies and Individuals
26,163,994
73,361
24,111
22,937
60,719
Cashouband
Ulscollaneous
Total
common
,
838. 2 15, 257, 266, 373, 403.
2,563
—
93.717
35.351
84.064
81,061
26,346,123
26,613,875
13,2«3.600
13.283,600
12,968,000
Funded debt
12,625.000
Loans and bills payable
60,000
Interest on funded debt, due and accrued..
llo,.55S
Dns for wacon and sunplios
59.944
&
409— for $1,000 each.
Chesapeake & NashriUe.— The sale of this road is advertised by H. M. Doak, Special Master Commissioner, the sale to
30,100
occur Sept. 27 at Nashville. The decree directs that no bid
661,375 under $800,000 shall be received.
142,751
Concord & Montreal. Pursuant to the vote of May 19,
1892, the directors have decided to issue $1,200,000 new stock
1892.
at par to stockholders of record on Sept. 80, 1892. Stockhold£
ers can subscribe for one new share for each four shares now
26,319.691
628.712
LiabUiHet.
Capital stock,
Philadblphia & Reading Coal & Iron Co.— Bonds of the
Coal Co.) have
loan of 1883 (Little Schuylkill Nav. R. R.
been drawn for payment as below, interest ceasing Oct. 1.
Nos. 37, 40, 113, 130. 155, 175,181, 189, 196, 202, 218,238,387,
held.
—
Macon & Northern. Unjtler the authority of an order
granted by Juflge Speer, of the U. S, Circuit Court, the (Central RR. of Georgia has assumed control of the Macon Sc
Northern. Receiver Comer has appointed N. E. Harris, formerly President of the company, as his agent in the operation
of the road.
—
Metropolitan Traction. This company has filed a certiwith the Secretary of State at Albany showing that the
capital has been increased from $20,000,000 to |-W,000,000.
Due flompaniee iiud iDdivlduais
48,214
49. .355
937
Sundries
995 This is the large corporation in New York State formed to take
Profit and losa (surplus)
157,873
161.969 over the New Jersey company. The stockholders met this
week and authorized the increase in stock. It is proposed to
Total
26.346,123
26,613,875 effect
the interchange of stocks on the basis of an issue of
1 1-5 shares of the stock of the New York company for every
Kin^s Connty Elerated Bailroad.
share of the New Jersey company. This would use up
{"For the year ending June 30, 1893.^
of the capital stock of the New York corporation,
The results in 1891-93 were as below, compared with pre- $24,000,000
leaving the remaining stock of
to be used as required.
114.000
35.B56
$6,000,000
vious years
The
1889-90.
1890-91.
$
1891-92.
OroBS earnings
Operating expenses
716,220
55B,736
N»t earnings
Otberlnoome
159,484
244,826
486
517
642
159,970
215,318
320,270
172,116
1.693
2.000
1,048
177,793
8.824
2,000
5,427
187.016
30,717
2,000
37,964
176,857
194,044
257,697
Total
Other interest, A
Rentals
Taxes
Total
Balance
df.16,887 sur. 51.299 sur. 62.573
GENERAL BAULNCE SHEET, JITNE 30.
Asteti.
1891.
1892.
Cost of road and equipment
$10,01 6.258
$10,135,960
Supplies on band
27,745
38,<;03
Due by companies and individuals
159,117
140,285
Casbonhaud
93,337
65.200
422,550
Becond morticuge bond snb'n
Deferred interest on 2d mortgage bonds..
Miscellaneous
Total.....
96
95,702
65.200
434,700
14,859
$10,784,303
$10,924,910
$3,250,000
7,176,550
153,000
Interest on funded debt due and accrued..
90,138
Due for wages and supplies
38,822
Due compiiniesaud Individuals
32.800
Mortgage on real estate
12,000
$3,250,000
7,188.700
30S,667
94,271
36.584
33,615
12,000
-
Lialnlities.
common
Funded drbt
Loans aniMiilis piyahle
Mtscellani'oua
Profit
and
952
loss (surplus)
Total
30,993
191
$10,784,303
$10,92-1,910
GENERAL INVESTMENT NEWS.
Atchison Topeka
&
Santa Fe.— Mr.
W.
Reinhart, VicePresident, reports that London has sold no Atchison stocli or
bonds. Their art vices indicate that there have been deposited
under the income bond conversion in Europe, including London, $40,082,000 income bonds for conversion into second
mortgage bonds, class A. This amount, added to the American deposits under the conversion plan, brings the total up to
J76,000,000. The balance of the $80,000,000 of income bonds
has practically assented, and will be turned in as soon as they
can deliver the new bonds, which will be in the course of a
couple of weeks.
He says " Our figures for the harvested wheat crop show
over 82,000,000 bushels in Kansas of a bettir grade than last
year, while for the com crop (now almost ready) from 155,
000,000 to 180,000,000 of a good grade. These approximates
are from our own sources of information, upon wluch we rely.
" Even had there been a much kss corn crop this year it
would not have disturbed us, as we have plenty of busiu'-ss in
sight for two years.
Atchison's tralHc from grain, although
large, is a micior quantity compared with freiijht tonnage
from other products. It very rarply gets as hiah as 15 per
cent for all grains, while products of mines, coal, ores, etc.,
alone are usually about 38 to 40 per cent. The latter, with
:
J.
Metropolitan Traction
York
are; President.
Company
of
New
;
—
Deduct—
Interest on bonds
ofiicers of the
David B. Hasbrouck Vice-presidents,
879.837 Albert W. Fletcher and Francis 8. Bangs; Secretary, Charles
560,159 E. Warren, and Treasurer, Francis Lynde Stetson.
Oregon Faciflc. The Oregon Pacific Railway Company,
319,728
S
$
811.069
566,243
Capital Rtoclr,
ficate
incorporated July 30 to take
title to
the property of the Ore*
Pacific Railroa«i, sold under foreclosure, has petitioned
an extension of time to complete the purchase and pay
the money under foreclosure sale, but on application of the
gon
for
plaintiff, the Farmers' Loan & Trust Company, the Judge adjourned the hearing at Corvallis on the 2d inst. until the X4th
inst., with power for the petitioners to complete the purchase
at any time up to and including that day.
Philadelphia & Reading. Before the New York State Senate Investigating Committee Mr. A. A. McLeod, President of the
Reading Company, made a statement at some length regarding the anthracite coal trade. His principal facta and argu-
—
ments were
as follows:
"Those who lack the disposition to treat the subject with candor and
fairness persist in making comparisons of current prices with the abnormal and unnatural prices of January, lrt92, instead of making their
comparisons with the prices of similar periods of previous j ears." * • *
"The attempt has also been made to convince the public that imwarranted advances have been made within the past few months, and
while there has been an advanco between the dull months and the
more active periods, it is the usual course which has been practiced for
years, and as a matter of fact, when comparisons are fairly made with
tie same periods, it is shown ihat the actual average advance baa been
only 37<« cents per ton, as will appear by the olHoial olroaUrs, which
are as follows
JiUy, 1891.
July and August, 1892.
Broken
KkK
$3 90 Broken
$4 00
4 00 Rkk
4 SO
4 05 Stove.
4 50
3 75 Chestnut
4 40
ShowlnK an average of $3 92'«.
Showing an average of $4 30.
" It must be observed by your committee that tho average advance in
the price of coal sold by this company in July and August, 1892. aa
compared with the same months of 1891, has only been 37 1 cents*
Stove
Ch-stnut
ton.
" Much has also been said by those unacquainted with the mining of
anthracite coal in critiGism of supposed unwarranted restrictions la
the production. Nothing could be more unjust to those who are honestly engaged In the business. The fact Is that the capacity of all the
collieries In existence to day Is equal to the prodacti)n. If kept running
constantly, of 55.000.000 of tons, whereas the market will take but
40.o00.000. It must therefore be plain to even those unacquainted
with the business that the collieries must stand Idle for lio days at
some period during each year to avoid glutting the markets, and brin^
ing about such a comtitinn of tho trade as would cause bankruptcy and
ruui to all those engaged in the business.
" It is therefore iuvoUmtary suspension of production, and not restrlatlon. that Is forced upon the producers when they find that the market
will no longer lake their product.
" Ihe truth is that the l>lilladelphla <fc Reading Coal A Iron Company has in store to day at the various points of distribution throughout the country nearly 1.250.000 tons of coal on hand to go to tho eonsumers when they are ready to take it. And yet tho capacity of the
collieries is so much greater than tho demands of the market that we
have been obliged to suspend the operation of them three days during
every week for tho last three months
" If you shonid ask &ie why we do not reduce the price on our coal to
get rid of It. 1 would answer
That all tho eoal produced by our company forthe year 1891
costs u« in the curs at tho mines
$1 54 6-10
To whiob must b« added the loss on email sizes
50 4-10
PreUht to Jersey ( ity
1 60
Loading on boats
15
-.,—
,
Commisslsn paid to middlemen
15
Total
$3 95
THE CHROINICLE.
422
the sotual cost of deliverln)? a ton of coal at Jersey Cltj,
for llie foal in the ground, or Interest, or depieilstfon of the plant produclns it. If to ihoee Items be added 35 osnts
roTalty and 25 cents for intore.'t and depreciation of the plant produolnK the coal, it will laalie a mtal of »4 5o, and the avenige price
received tor prepand sizes in New York to-day i« *4 30. showme an
actual loss of 'J.i cents p«r t»Ti. Bear In mind these dgiirns melnrte
notbinc for what may have been pleased to Mil watered i.tock or
any capital whUh may hava bein wisely or unwisely invested tn
acquirinR inijirfdnctive laads
ai
*
'•To explain tlic item of loss on small sizes, I bcK to inform you that
about super cent of our entire production is of sizes smaller than
chestnut coal, and can only he sold la the markets in ooiup'^tition witli
bituminous coal for steam purposes. The production of these small
sizes costs at the mine iust as much per ton as prepared coal, as in the
mtning and preparation of coal they all go through the same process
and cost the snme price, and therefore it must be plainly seen tli»t onO
The prions
size of coal costs the iiiiiierjust as much as any ottier size
realized for the small sizes of coal by our company for the past year
resulted in a loss of *1 09 per ton.
„
,
.,
"The question may he asked: 'Why put these small sizes on the
market at such a tremendous loss V As already stated, these diffe'cnt
•izes are a necessary t)roduition as part of the whole comini; froui the
breaker, and if they were not sold at th» best prices obtainable, they
would have to lie tlirowu into the waste bank, ami the prepared sizes
would cost lust that much more. In other words, the prices which
are obtained for the small sizes are credited against the cost of the
whole."
" This
Riclimond Terminal— Georgia Company— Central Railroad of (Jeiirgia.— Julge AdJison Brown, in the Uuited
States Circuit Court in New York, on the 6th inst. granted an
order authorizing the receiver to begin action in the courts to
cancel the agreement by wliicli the Terminal acquired the
Georgia Central, and to recover all sums that may have bcea
misapplied.
The petition of R^ceirar Oakman on which the order was
granted recites " that among the securities appearing to be
owned by the Richmond Terminal Company, the receiver
found scheduled $12,000,000 capital stock of the Georgia Company and also $3,553,000 collateral trust bonds issued by the
Georgia Company.
These bonds are in the possession of
the Central Trust Company as part security for tlie
Richmond Terminal collateral trust 5 per cent bonds.
The Terminal Company became the nominal purchaser
of the Georgia Company's bonds and stock, for the purpose
of thereby acquiring substantial control of the Central Kailroad & Banking Company of Georgia.
Through the indirectly acquired control of the 40,00) shares of the stock of
this corporation, which constituted the sole as-ets of the
Georgia Company, other than some money in th« treasury
thereof, the Terminal Company nominally acquired the stocks
and bonds from a syndicate, in which three members of the
then board of directors of the terminal company were
largely intere.sted. That the purchase by the Terminal Company of the securities of the Georgia Company held by such
syndicate was effected at a net cost to the Terminal Company
exceeding $7,000,000, which was a price for the 40,000 share*
of the Central Railroad stock far exceeding the then exisiting
market value thereof."
The petition then recites the fact of the recent decisions in
the United States District Court in Georgia, decl iring the
Georgia Company to be disqualified from holding the Central Railroad of Georgia, and the disfranchisement of the
Btock held by the Richmond Terminal. The petitioner also
quotes the receiver of the Central of Georgia as informing
him that that corporation in the last three years has not
realized in net eainin>;8 enough to cover the present fixed
charges. The papers then say :
'Your petitioner has carefully examined the records of the
minutes ol the stockholders of the Terminal Company, and is
advised and believes that there has been no ratification sufficient in law or equity to conclude and bar the stockhol lers
of the company or your petitioner from asserting their rights
to cancel said transactions."
San Antonio & Aransas Pass.— The following board
of
D. B. Robinson, A. C. Sshryver
H. D. Katupmann, William Huermann, E. P. Stevenson J
Kennedy Tod, Uriah Lott, Henry Elmendorf and Reagaii
Houston. The directors held a meeting and elecfd D B
Robinson President, E. P. Stevenson Vice-President,
h"
Field Treasurer, and Raagan Houston Secretary. No
report
of the financial condition of the road was made.
Valley, Olilo.— The holders of Valley Railway first
mortKage bonds who resist their foreclosure and the application
for a receiver filed their answer to the suit in the United
States
Circuit Court at Cleveland on Tuesday. Tne suit
was commenced by the Central Trust Company, of New York on its
application for a receiver. Colonel Myron T. Hf
rrick,'james
B.Colgate
S. Jones. C. G. King, John F. Whitelaw,
Kalpn W. Hickox and J. J. Sullivan, who are also holders
of
first mortgage bonds to the extent of
1650,000, resist the application, and say that there is no necessity for
foreclosing the
mortgage, and that in order to prevent foreclosure they
offer
to pay into Court or to the Central Trust
Company the par
Talue of all the bonds which the persons who
si,jned the request may hold with interest and all costs
and
Ihey pray that the request upon which foreclosure expenses.
was asked
for to be set aMde and declared null and
void.
directors has been elected
:
W
CHICAGO MILWAUKEE & ST. PAUL
WAY COMPANY.
semi-offlcially announced that
no contest over directors at the coming meeting ofthere will be
the Wabash
Railroad .stockholders. The New York
memhSrsof the Board
will remain and two Western directors
will retire, to be replaced by men who will represent foreign
interests and the
Canadian Pacific. Dr. Wyckoff, the stn-in-law
of t e 1 te
*" '''"*'*
the
'^"
vacaVcaVstd by
is
Mr'°SuonWeaTh?
^
RAIL-
TWENTY-EIGHTH ANNUAL REPORT-FOR THE FISCAL
TEAR ENDING JUNE 80. 1892.
The President and Directors submit to the Stockholders the
following report of the business and operations of the Company for the year ending June 30, 1S9J, and of the condition
of its property and finances at the close of that year.
The operation for the year shows the following result
$32,288,508 84
Gross earnings
20,815,001 50
Operating expenses
$11,438,.503 84
Net earnings
Income from other sources
Total
Fixed charges
—interest on
134,939 49
$11,593,443 33
7,161,736 58
bonds
$1,431,706 77
Balance above fixed charges
Out of above balance 3}4 per cent dividend on preferred
stock, amounting to $795,651 50, was declared payable in
April, 1892.
The Company owns and operates
as follows
Main track
Main track
panies
5,721"40 miles of railway,
owned solely by this Company.
owned jointly with other Com.
5,712'07
9-83
main track
Total length of
5,721-40
Second and third tracks and connection
tracks owned solely by this Company
Second and third tracks and connection
tracks owned jointly with other Companies.
110'72
S '82
Total length of second and third tracks
and connections
Tracks owned by other Companies, but used
113'54
by this Company under agreements
Yard tracks, sidings and spur tracks owned
solely by this Company
tracks, sidings and spur tracks
Yard
jointly with other
1,17516
owned
Companies
22'09
I,lfl7'35
Total miles of track
7,094-20
The
In
62'01
Total length of yard tracks, sidings and
spur tracks
lines of
Illinois
road are located as follows:
31808 miles.
"Wisconsin
1,374-66
"Iowa
I,.'i5327
"Minnesota
" North Dakota
1,120 09
118-21
1,096-82
140-27
" South Dakota
"Missouri
main track
Total length of
5,721-40
"
"
"
"
"
"
"
DOUBLE TRACK.
Construction of tlie following sections of second main track
has been begun, and will be completed this summer
Chicago & Milwaukee Division
32-7 miles.
Forest Glen to Wadsworth
16-1
"
Lake to Western Union Junction
Chicago & Council Bluffs Division
"
3-5
Mont Clare to Franklin Park
11-2
"
Kittredge to Mt. Carroll
Northern Division
"
5'0
Grand Avenue to North Milwaukee
:
:
:
:
68-5 miles,-
Total
COMPAKATIVE SUMMARY OP OPEUATION.
W
Wabasll.- It
and ^ocumtntB.
Jlep^orts
Is
^thont anything
•
[Vol. LV.
Oross Earnings.
1891
1892
$37,504,2'34 49
I
33,283,508 34
|
Increase
$1,779,283 85
Operating Expenses.
1891
1892
$18,366,.500 07
I
20,815,004 50
|
Increase
$2,448,.504 43
Net Earnings.
1891
1892
.?9.137,721 43
I
11,488,503 84
|
Increase
$3,330,779 42
Tons of Freight Carried.
189t
1892
10.397,035
11,508,930
I
|
Increase
Number of Passengers
1891
1892
7.919.229
8,026,906
1,171,895
Carried.
I
|
Increase
107,677
Sbptembbb
THE CHRONICLE.
10, 1893.]
Run
Miles
by Revenue 7Vatn<.
1891
19,98S.8n
1892
82,458,209
Increase
2,472,083
Mileage of Loaded Freight Cam.
100,973.870
ai9,965,005
1891
1892
Mileage of
71.481.974
80,978,980
1891
1892
1
|
28.992,085
IncreaiiC
Emptu
Freight
Cam,
I
|
Increase
9,497,000
Road per Revenue Train Mile Run.
Cost of Operating
91-90
92-68
1891
1892
cts>.
"
I
|
Increase
-78 018.
Orosa Earnings per Mile of Road.
$4,816 8.')
5,643 08
1891
1892
&
I
|
Increase
$826 13
Operating Expenses per Mile of Road,
$8.216 55
8,688 35
1891
1892
1
I
Increase
$431 80
11.600 30
2,004 63
1892
Aiw^ge
Miles of
I
|
Increase
Road Operated During
6,710
5,721
1891
1893
$404 33
the Year.
1
i
Increase
11
The average
rate per ton per mile received for freights for
a series of years past has been as follows, viz.
3-10 cts.
.1-29 cts.
4-11 els.
1875
1884
1863
.1-28
.3-70
.2-04
1885
1866.
1876.
.3-94
.1-17
.3-08
1886
1867.
1877.
.3-49
.1-80
.1-09
1887
1868.
1878.
.1-73
.1-006
1869.
1888,
.310
1879.
1-059
.2-83
.1-76
lf'89
1870.
1880.
0-995
.2-54
.1-70
1871.
1890
1881.
.2-48
.1-48
1-003
1873.
1891
1883.
.1-39
1873.
.2-50
1892
1026
1883.
.2-38
1874.
Twenty-seven thousand eight hundred and fifty-two tons of
and 1,597,570 cross-ties have been put in the track
during the year, and there are now 4,395-08 miles of main
track laid with steel and l,326-34 miles with iron rails.
About two and seven-tenths miles of pile and trestle bridges
have been filled with earth, and one hundred and sixty-seven
wooden culverts have been replaced with iron, at cost of oper-
steel rails
ating expenses.
The replacement of about 353 feet of wooden bridges and
165 feet of embankment with iron structures has been completed during the year and other work of this character is in
progress. .
During the year the following rolling stock has been purchased
26 Locomotives
100 Ore Cars
2 Coaches
Company
year emling June 30, 1892, were
$643,904 18, against $610,803 58 for the last fiscal y^ar, an increase of $28,1015.5. No dividend has bsen declared on its
stock (which is owned by the Chicago Milwaukee & St. Paul
Railway Company) pending the decision of the que'jtion of
for the fiscal
combinmg
Net Earnings per Mile of Road,
1891
$66,688 06 ; fuel, oil and waste, |366,849 81—a total
of jp04,666 83.
The iMiyments of this Company for labor dirortly employed
in its wrvico during; the past year were $13,257,797 09 and for
material and HU|)plieH $7,.')08,471 11.
Since the termmation of the Pullman contract, the past year
was the first full year of operation by this Company or its
Bleeping car lines. The gross earnings were $100,066 82, operating expenses $82,546 52 jind net earnings $113,519 80.
The investment of this company in its sleeping cars stands
on its books at $678,965 13 for 53 cars. It will appear, therefore, that the net earnings are sufficient to pay for the new
cars required each year to replace old cars and pay a fair return on the inve;,tmcnt. The result i.^ sp.5ciallv gra'ifying,
because it has not been obtained by impairing the service,
which has been satisfactory to the public.
The net earnings of the Milwaukee
Northern Ilttilroad
Buppliefl,
I
|
the two proporties, which may make it desirable to
use the net earnin;<s of the year in payment of the improvement account for the past two years.
The Milwaukee & Northern Railroad Company has commenced the construction of a line of road about forty-five
miles in length, from Cbanning, on its main line, to Sidnaw,
the terminus of its Ontonagon line. It is expected that this
will be completed this season, and close the gap which has
heretofore existed between thsoe points.
The Board have to place upon record a minute of the death,
on the second day of June, 1892, of Hug'i T. Dickey, a member of the Board".
He was first elected a Director of this Company on the 7th
of June, 1879, and from that date serve! c mtinuously as a
Director and as a me-nber ot the Executive Committee to the
time of his death. He was faithful, earnest and devoted in
the discharge of his duties as a Director, and his advice and
counsel in regard to the management and business of the
Company were always highly appreciated by his associates.
In his intercourse with the other members of the Board he
was always kind and considerate. We deeply deplore big
loss, and regret that we shall hereafter be deprived of his wise
counsel.
For details of operation, reference is made to the statements of the General Auditor, appended hereto.
By order of the Board of Directors,
ROSWELL, MILLER.
August, 1892.
President.
STATEMENT OF ISCOME ACCiUNT
:
$236,866
51,330
9,739
9,341
59
33
59
44
The following rolling stock has been built
the company's bhopn
100 Refrigerator Cars
$90,170
1,400 Box Cars
784,194
S-W Stable Stock Cars
204,414
8 Baggage, Mail and Express Cars 33.916
4 Tenders
3,875
at
1
428
Parlor Car
For tub Fiscal Tkab Enoimo Juni
$307,177 84
Balance at credit July 1. 1891
old .\C(!Ouut8 cliaritpd off
Dividend No. 43. payable Oct. 22, 18«1,
from net earnings of flsoal year ending June 30. 18!>1, Si« per cent on
$22,19S,900 preferred stock
30rir,
1992
$3,094,851
$81,737 6S
M
801,099 13
770.0(1150
:
$2,-!33,153
98
06
67
69
00
NetEamincs
1,106,.571
sum
of
40
Il,705,t57 45
$13,939,010 98
$7,161,736 5«
112,414 12
funded duht
Interest and
163,999 74
The sum of $,524,598 11 has been charged to operating expenses for the purpose of maintaining car equipment by the
replacement of cars worn out. destroyed by wreck, fire, or on
foreign roads; and $260,866 59 for the replacement of 29 old,
small locomotives scrapped.
The operation of your company's lines for the year shows
increase of gross earnings, $4,779,383 85; increase of expenses,
$3,448,504 43. and increase in net earnings, $3,330,779 43.
The increase in earnings is due to good crops, to the increase
in general traffic in consequence of good crops, to the development of the territory and industries along the lines of your
company, and to maintenance of rates in the larger part of
the territory.
The principal items of increane in expenses were in maintenancp cf pro[>erly and conducting transportation.
M.iintenance of track increasetl $.531,576 54 ; fences, $30,83'i 30
buildings, $53,005 14. Maintenance of motive power,
machinery and cars increased $1,096,448 9^^, lieing $78.5,464 70
for replacement as stated above and $310,984 28 for repairs.
Maintenance of bridges decreased $144,783 99, in consequence
of large renewals in jjrevious years.
For conducting transportation there was an increase in erpen.ses as follown : Station service. $100,835 99 ; train service,
$133,801 72 locomotive service, |137,031 76 ; train and station
;
Net Revenue for the year
Total
Interest accrued durloK tbe rear on
$1,567,748 98
;
84
237,353 01
$ll,468,.'j03
Income from other sources
There has also bten expended during
the year, in the company's shops, for
power, brakes, automatic couplers,
steam, beat and electric light equipment and other improvements to
rolling stock, the
53
GrOBS EaniinKS
$S2.2'^3,.50S 84
Less OperatiDg Expenses duel. taxe?). 20,8 15,004 50
Kxchanee
Dividend No. 44. piiyabUi Apr. lil, 1892,
from net oarninics of H.scat year ending June 30. 1812, S"* per cent on
$22,7a2,yoOpreferred stock
796,65190
8,089,8r'2
It
$S,369,20aSO
Balanceat credit June 30, 189Z
GENERAL ACCOUNT JUNK
30TH, 1892.
Dr.
$191,544,852 57
7,419,240 72
fostof Road and Equipment
Bonds. Stoclj.etc.. or otliPF Compauie*
Brtlancf due from AB'ta, Conduct s, etc
Duo
fiOTn I'nitod States*
Government..
Stock of Material and Fni-i on liand
stoclcofllicCMm'y. held In its Treasury
Mortcaur l>"nd3 of tbe Comp'ny unsoH,
heldlnitsTreas-yordue fromXiuatee
Cashonhand
$''32,971 68
2.'>6,I5'*
94
2,33i.0ol 63
4,770 00
S.936.000 00
4,043.530 96
12,918,434 31
$211,882,527 60
Cr.
raplt.»l Stock, Preferred
Capital Stock,
Common
Funded Deht
I'ny Rolls, Vouchers and Aceounta
MmctillaDeous Anooiinta
Unclaimed
Interest Coupons nut presented
liitiileuds
Intcrostaccrued, not yet payable
Income Account
$24,364.900 00
40.027,^0100
70,392,16100
129,195,000 $0
2,72'3..149
27
131.631 94
27.2'5 58
58,352 18
3,486.338 75
«,420,157 70
5,869.208 80
$211,883,537 60
THE CHRONICLE.
424
[Vol. LV.
COTTON.
Commjerdal Jimes.
COMMERCIAL EPITOME.
'ght
Friday, P. M., September
9,
Sept. 9, 1893.
General business shows no noteworthy increase, but conditions are somewhat more cheerful than one week ago.
Friday Night,
A
from the South to-night, is given below. For the week ending
evening the total receipts have reached 50,295 bales,
this
week and 11,878 bales the previous
total receipts since the Ist of Sept., 18ii2,
56,341 bales, against 131,181 bales for the same neriod of
l891,showinga decrease since Sept. 1, 1892, of 74,910 balee.
tgainst 23,473 bales last
week,
making the
reachrag
Europe,
however, the epidemic continues, and communication with
Beeeipti at—
infected ports has become so uncertain that business relations
tlie
Qalveston
Owing
to
suspended.
practically
in many instances are
El Paso, &o...
detention of numerous steamers at quarantine large quantities of ocean freight, engaged prexious to appearance of New Orleans...
Mobile
piers, awaiting shipment.
cholera, has accumulated on
Weather conditions have been somewhat variable, without Florida
showing anything seriou.<Iy detrimental to standing crops. Savannah
Brnnsw'k, <bo.
The Kansas State oifioial report makes a slight reduction in
the condition of com. There is less complaint about scarcity Charleston
of cars, and harvested crops are being moved toward the
PortBoral,&o
seaboard freely, with gradual increase of return freight on de- Wilmington
mand for merchandise from the interior.
Wa8h'gton,ibo
The following is a comparative statement of stocks of Norfolk
leading articles of merchandise at dates given:
West Point...
•vigilant quarantine has prevented the cholera from
the city, and the fears of the people are allayed. In
FH.
Total.
1,025
5,100
1,730
1,848
3,881
4,493
18,082
74
74
2,485
3,535
1,472
1,122
1,288
10,433
26
113
45
299
531
93
376
952
878
1,261
2,031
2,029
2,913
595
959
586
939
748
2.857
1.208
1,868
11,969
1,203
5,695
24
135
132
53
68
135
697
143
152
16
70
170
55
142
693
75
70
Hon.
Sat.
12
ThurM.
Wed.
Tuet.
8
70
l!r'wp'tN's,&o.
1892.
August
Pork
lArd
xobaoco, foreign
Coffee, Klo
Coffee, other
Cofliee, Java, <bo
Bagar
Bngar
Bngar
Melado
bales.
41,4:53
bags.
bags.
mate.
317,818
118.220
22,000
13,141
None.
639,418
None.
1,207
5,600
hlids.
.1
boxes.
bags, &c.
hbds.
hbdB,
lIolaaseB, foreign
Kolasses,
domesUo
bbls.
1892.
1891.
Sept. 1.
Sept. 1.
14,076
18.695
19,443
42,421
180,051
83,261
17,603
1,432
None.
18.482
50,280
19,581
41,161
137,721
44.992
17,«03
3.737
292,»i65
1,145
4,500
685.037
None.
603
16,000
263,67"i
426,>'00
129,28-*
None.
No.
Hides
Cotton...
bales.
bbls.
bbls.
bbls.
bags,
Bosln
BplTlts turpentine.....
TOT
Bloe, E. I
Bloe, domestlo
pkgs.
bags.
bags.
Unseed
Saltpetre
Jnte butts
Manila hemp
Blsal
t08.
hlids.
12.382
16,021
17,960
t)bl8.
JPobacoo, domestlo
1.
hemp
Floor
bbls.
and
bales.
bales.
bales.
sacks.
297,328
15,002
2.720
2,645
10,800
2,200
None.
13,750
90.700
None.
3,643
154,700
22,557
1,829
2.583
17,000
1,500
9,271
12,500
66,700
None.
150
152,800
19,860
1,218
493
31,200
300
None.
21.500
6S.0 10
2.700
14.007
140.500
troubles.
FH.
7-70
7-72
:
Dec
13-450. Mch
13 35(!.
Oct
Jan
13-40C. Apnl
13-.i5c
«<>
Feb
13-400. May
13-30o.
Raw sugars have been quiet, the liberal purchases of lats
week havmg exhausted the bulk of the supply. The market
13-900.
13-750.
13-350.
I
I
1
1
remained
firm, owing to unbroken embargo against the arrival
of beet sugar from Europe. Centrifugal is quoted at 3
9-16c
for 96 deg. test and muscovado at 3c. for 89 deg. test. Refined
sugars have been dull, the advanced cost checking demand
Cut loaf quoted at 5i^c. and granulated at 5 5-16c. For molasses and syrup there is a stronger market.
At Wednesday's
auction sale Formosa tea declined J^c. per pound.
Seed leaf tobacco has been in active demand and steady
Sales for the week amount to 5,270 cases, including920
cases 1891 crop. New England Havana, 20@60c.; 500
cases
1891 crop, New England seed, 22@26c.: 1,500 cases 1891
crop
""•o-JM -a lie.; 400 cases 1891 crop, Pennsylvania Havana,
Straits tin has
been quiet but steady, closing at 20-45c. Sales
for the week were less than 100 tons. Ingot
copper has ad*°
^^^^- Lead ?8 firmer, but^tdet
V""f
V^'-J^'.
^otnestic.
Pig
iron
is
dull and without change.
«
S5^
I
•
i"''
uPfu'^i o'i°* '? 1"'«* »°<^ unchanged at 6-lOc. in bbls.,
°^\' »'§Oc._m cases crude in bbls. 5-55c ; in bulk
'"g".'^' l"- ^'^^^ certificates firmer but quiet, closing
*"rPf°f"e has advanced, closing firm at 38i|
«2fl^^°w„?'"*'
-^ quietbut steady at $1 22J^a|l 27}| for common
«.^
•
i^- ^
S^Li ^
rotalsthlsweek
-"^"^ moderately ^tive anl firm.
5,188 11,255
Hops
24
47
6.044
6.407
96
122
96
123
229
8,617 12.784
50,295
15S
The following shows the week's total receipts, the total
Sept. 1, 1892, and the stock to-night, compared with last
1892.
Seeeipti to
Sept. 9.
Qalveston...
El Paso.ibo.
New Orleans.
This
Week.
1,
74
10,433
952
riorlda
1891.
1892.
1891.
51,336
111
26.371
8,063
37,593
41,878
64,930
9,075
52,347
6,923
19,601
27,547
353
487
19,618
5,944
......
Savannah. ..
Bnms.,dM.
Charleston
-
......
11,969
1,208
6,695
13,216
23,813
1,451
6,455
4,305
31.350
1,606
4,906
597
616
837
913
2,781
2,997
6
2,483
1,825
11
3,020
2,5 9
5,279
188
5,854
147
P. Royal.&c
Wilmington
Wash'tn,<bo
861
693
75
70
763
75
113
96
122
229
171
503
285
106
84
152
325
63
210
107
250
60,295
56,241
98,190
131.131
Norfolk
West Point.
NwptN.,4c
New York.
.
Baltimore...
Plill'del'B.ikc
Totals
since
year.
Stoelc.
Sitice Sep.
20,130 38,555
63
74
11,340 19,168
1,014
5,782
18,082
tfoblle
1891.
Since Sep.
1, 1892.
TAi*
Weeh.
......
108
......
5.500
10,067
4,635
133,231
5,100
5,026
2,724
410,918
290,166
261,298'
In order that comparison may be made with other year,
give below the totals at leadinz ports for six seaons.
Seeetpti
at—
1892.
New
Orleans
Mobile
Savannah.
952
11,969
5,695
..
Oharl'sfn.&o
Wllm'gfn,cko
Norfolk
W't Point, Ac
Ml
1891.
18,156
10,433
SaIv'Hton,d[0
38,618
19.16S
5,782
23,813
4,30)
843
597
693
145
others..
2,483
1,972
1,206
1,655
1890.
1887.
1888.
1889.
33,673
19,012
6,899
32,681
10,347
8,699
10,719
2,196
162
we
30,818
11.731
5.086
25.863
9,581
1,314
17,912
5,920
2,596
12.633
3,011
6iS
1,813
4,943
13
230
683
873
24,051
20,006
4,802
33,984
20,237
8,601
7,219
5,026
2,115
Cot. this week
50,295
93,190
124,388
92.994
45.691
126,041
91noeBept.l.
56,241
131,181
203,228
144.613
84.855
226,997
The exports
week ending
evening reach a total
BriUin, 99
Below are
the exports for the week, and since September 1, 1892.
for the
this
of 14,130 bales, of which 13,141 were to Great
to France and 830 to the rest of the Continent.
Wtek Bndint
From
Sfpt. B.
Sept.
ereat
Brit'n. Franet
JalTOaton
Velasco. 4c...
lew Orleans..
Continent.
«.750
Total
Wuk.
1.
1882. to Sepl . 9. 189S.
EwortAtl to -
Exported to—
sportt
er»at
Britain. Wranci
Oontt.
ntnt.
Total.
i,750
4,279
i,Z7»
300
300
800
10,879
70
«,8«0
131
13l
iloblle
^Taanah
8run«wlok
....
JharlestoD....
<Vllmlagton...
Norfolk
^6«t Point...
•
••
•>>
SCO
'J'portNws.ic
itm rork
8,8i)0
teltlmore
70
131
;
Z^'l
oJJ^d w^k^^
Boston
Baltimore
PhUadelph'a.&c
Boston
Pork closed fairly active and steadv, though at a slight decline from last week's prices, at $U@"$11 50 for old m-ss and
til 75,8 $12 25 for new mess. Cutmeats have be 3n fairly active for pickled bellies, but other meats have been dull. Tallow
has advanced to 4 7-16c.
Coffee has not shown much animation until within a day
or two, when an increased demand from interior dependent
points infused a stronger tone, and the close is promising.
Rio quoted at 15c for No. 7; good Cucuta, 21}^c. aid interior
Padang, 27i^c. Contracts for future delivery after undergoing some liquidation by longs seeking profit attracted renewed attention and secured a firmer tone, closing to-day
mostly in sellers' favor on stimulus of stronger accounts
from Brazil. The close was steady, with sellers as follows
fePt-
New York
None
Lard on the spot has been extremely dull and values have
further declined. The close was dull at 6-80c. for prime City,
7"70c. for prime Western and 8'lOc. for refined for the Continent. The speculation in lard for future delivery has been at
a standstill and prices have declined, owing to the cholera
DAILX OLOSOIO PRIOBS OF LABD FDTnBES.
Sat.
Mon. Puet, Wed. TKur.
September delivery
7-70
HoU- Holi- 7-65
o.
7 60
Ootoijer delivery
day.
day.
7 65
7'87
o.
7-72
1892.
Thk Movement of the Crop, as indicated by our telegrams
99
890
99
890
70
10.879
70
131
t>bllsdelp'a.&c
Total
rotal.1891....
13,111
890
li.130
14,870
99
890
15.85*
IF.SM
1.250 ~3,086
38,670
<1.887
1.2S0
«,92i
47.0S9
September
THE CHRONICLE.
10, 1892.]
In niUlition to above ezporCH, our tolograms to-nif(ht alHo
givo U4 the following ainounU of cotton on 8liip>M>ard, not
add similar Hgiires for
cleared, at the ports naim-d.
New York, which are prepared for our special use by Messrs,
Lambert, 34 Beaver Street.
Carey, Yale
We
f
TBI Sales and Phioes op Fotdbbb are sbown by tb*
lUowlng comprehensive tablet
ml
mi ml ml
m
m
&
m.1
F8-*S'
On BMpltoard, noteUarttl—far
al—
Srpl. 9
iMvHng
OUur
ereal
Britain. Franet. fntign
New Orleans...
OlMUltaiw.
ToUU.
Stoek.
3,940
6,S98
1.272
4,005
577
None.
5,0 «
None.
None.
None.
None.
8,500
5,000
None.
None.
None.
None.
None.
None.
.•5,000
1,000
7.840
16,629
0,000
None.
None.
None.
150
3,000
900
900
None.
500
None.
None.
None.
500
8,650
6,000
57.090
20.964
13,601
18,718
9.075
4,779
252,648
15,521
Total 1892...
24,314
5,367
11,319
7,459
4>',^19
392,399
Total 1891...
Total 1890...
26,2-<l
4,623
678
13,538
16,951
47.277
62.535
212.899
38.321
2,830
6,685
Qalveiton
Barannah
Chiirleston.
.
..
Mobile
Norfolk
New York
Other porta....
2,622
425
"i^'m
3.2
,*•
1%
WW
&2-*i
li-!i
•
S:
I
-^
,
B
;
•Si
"O
I
-^
,
OD
,
B
;
'
gf
*
ili r
*'gS:r«
:
S:
9:
•
I
83462
modera te
and cautious, but the general tendency of the market was
firmer. The very slow movement of new cotton, some shrink age in the visible supply and a good daily demand from Man_
Chester spinners on the Liverpool market were the principal
stimulating features. New orders for investment were not
Sjieculation in cotton for future delivery has been
however, the demand being mostly of a covering
nature on the part of small operators. Saturday's market
opened quite weak, but a decline of 7 points attracted covering demand and permitted arbitrage buying against Liverpool, causing partial reaction in price before the close_
Monday was observed as a holiday, but Tuesday found very
fair trading, and an advance of 9 points, from which there
was no recession, and on Wednesday the opening deals added
8 points further; but before the close the feeling was easierYesterday the tone was somewhat feverish, but on the
whole inclined to strength, and to-day the market was slow
and rather tame, operators holding off for the appearance
of the monthly report from the Agricultural Bureau. Cotton on the spot has met with irregular demand, but advanced ijc, closing at 7 3-16c. for middling uplands.
The total sales for forward delivery for the week are 3S3,U
bales. For immediate delivery the total sales foot up this week
10,2id bales, including 4,300 for export, 1,076 for consumption
plentiful,
—
for speculation, and 5,030 on contract. Of the above
bales were to arrive. The following are the official quotations
for each day of the past week— September 3 to September 9.
UPLAND8.
.»ll>.
Low
!>H
sag
6^8
7H
BtnotOood Middling.
GULP.
.»lb.
Strict
Low
h
53,8
69,8
STAINED.
Sat.
.»lb.
,
MlddUng
7'a
l>
7'8
'8"J«
8»8
818
811,8
9
9' 18
nion Tueal
Pri.
6\
7'«
7%
7>8
738
e
Good Ordinary
Scrlot Good Ordinary.
8'l8
811,8
Tb.
n
rur..
7%
8"l8
51a
513
638
611,,
8
!?'•
8'"ig
Hlddllng Pair
73,8
7'*
7\
8'i«
8'li,
7
MlddUng
Good .Hlddllng
Good Middling.
7
Mod Tuea' IVed
7\
7>4
Strict
7
7>«
5',g
6»g
,
Middling..,
Low Middling
?;!••
7ie
Sat.
'At
,
.Mlddlliit'
6%
6%
"'it
,
Strict GiHiil Ordinary..
6%
6^
65,8
ail.c
Z'i«
7ili„
8>4
8»8
7»8
Middling Fair
F^lr
Low
O
,
Ordinary
Strict Ordinary
Gh>od Ordinary
53,8
61l8
638
6
Middling..
Middling
Good Middling
Frl.
413.,
LowMlddllne
atrlot
nion Toe* VTed Tb.
Sat.
Ordinary
Btotct Ordinary
Oood Ordinary
Strict Good Ordinary.
631"
7>8
79ia
7'8
8>«
811,8
9'ie
Wed Tb.
4»18
4'3,8 Holi511,8 day.
4M
4'8
5%
4'»ie
6»«
g"ie
6%
7''e
I
818
811,8
9'l8
Frl
4^,8
41018
4' 18
S'/i«
6%
MARKET AMD SALES.
The total sales of cotton on the spot and for f uturo delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
une
days.
•POT MARKBT
OLOSKD.
SALES OP SPOT AND CONTRACT.
Export.
Sat'day. vjulct at ii8dcc.
1,400
Tuesday ijuiet8tl,8adv.
2,800
Monday
WelMay Uuiol at 1,8 adv.
Thur'd'y Quiet....::
Friday.. Quiet
Total.
Oon- Spec- Contump, ut'l'n irael.
95
..
4^200
Bala 01
Total.
3,600
5,09ft
25
84
686
....
....
1,100
'3,9 .'5
300
384
186
.".
;"".
186
....
Holl dav J
1,076
....1
!>.000 10.-276
Futurtt
The folio wing exchanges have been mide during the wodc:
'14 pd. to exoh. 300 Sept. s. n 7tli
for October.
•54 pd. to exoh. 300 Oct. for MoU.
•33 pd. to exoli. 1.000 Nov. for Feb.
23 pd. to exoh. '^03 Oct. for Djo.
•41 pd. to e.xcb. 310 D.^o. for Apr.
•21 pd. to excb. 5?0 Oct. for Dio.
•75 p 1. to excb. 1,503 Oot. for Hay.
•36 p L to exoh. 1,0}) Oot for M«h.
The Visible supply of cotton to-night, as made up by cable
and telegraphis as follows. The Continental stocks, as well as
36,200
those for Great Britain and the afloat are this week's returns,
82,000 and consequently all the European figures are brought down
1 08.400
o Thursday evening. But to make the totals the complete
91,300
65,200
Sgures for to-night (Sept. 9;, we add the item of exports from
383,100 the United States, inclu ling in it the exports of Friday only.
THE CHRONICLE.
426
13,000
796.000
18,000
1890.
536,000
35,000
1889.
430,000
23,000
Total Qreat Britain Btook. 1,303,000
6,000
B ookat Hamburg
88,000
Btw k at Bremen
22,000
Amsterdam
Stock at
814,000
3.600
56,000
19,000
621,000
3,500
19,000
4,000
453.000
2.700
19.800
5,000
3O0
15,000
67,000
1892.
bales. 1,290,000
-atookat Liverpool
Stock at London
Rotterdam
Stock at Antwerp
Stock at Havre
-fltock at
Btook at Marseilles
Btook at Barcelona
Stock atOiaoa
Stock at Trieste
«>U1
Continental stocks
Total European stocks.. ..
Indlacotton afloat for Europe.
Amer.oott'naBoat tor Europe.
Egn>t,Brazil.&e.,afltforE'r'pe
Stock In United States ports ..
Stock in U. 8. interior towns..
CnltedStates exports to-day.
18*91.
200
300
200
8,000
371,000
9,000
72,000
13,000
42,000
7,000
177,000
8,000
70,000
6,000
38,000
3,000
101,000
3,000
29,000
4,000
3,000
631,200
384,900
172,700
1,934,200 1,198,900
39,000
34,000
46,000
35,000
11,000
8.000
290,166
410.918
66,530
123.706
6,161
2,131
5.000
30,000
4,UO0
2.OO0
159,800
612,800
43.000
793,700
48,000
90,000
8,000
145,997
28.501
8,510
1)7,000
4,000
108.081
25.606
3,962
867,449
2,532,955 1,657,757 1,122.708
Total visible supply
'Of theabove, thetotalsotAmerlcanandotherdesorlptlonsareai8 follows
204,000
23.000
79.800
46,000
420.900
524,700
598,003
356,800
510,649
Total visible supply
2,532,953 1,657,757 1,122,708
4d.
4'8d.
513,^0.
rrlce Mid. Upl.,Llverpool....
8%o.
PrlceMid.Upl., New York....
lOi'ioO.
73i„c.
867,149
American
2,129,755 1,236,857
3,962
4,000
6ii,„(i.
n%".
tybales.
The imports into Continental ports this week have been
7,000
The above figures indicate an increase in the cotton in sight
*o-night of 935,193 bales as compared with the same dale
of 1891, an increase of 1,480,347 bales as compared with the
corresponding date of 1890 and an increase of l,'(lo,50S bales
u compared with
7
Savannah...
e^s
Charleston.
6-->8
Wilmington.
61s
.Norfolk
7
Boston
7'8
71s
7',6
6S8
61516
Baltimore...
Philadelphia
Augusta
....
Meiupliis....
6%
61a
..
Loaisvllle.
..
678
6 79
67e
6^^
6=8
6=8
6ia
6II16
678
6II16
6%
Gh
7
7
6I3
6I3
7I8
71s
"7'he
rii«
77,6
a\
6il:e
6U,e
8t. IjOUIS
Cincinnati
Fri.
6.8
7»8
714
"iH'
7
7
7
7
7
7=8
7I4
758
7ifl
7%
739
71s
738
The closing quotations to-day (Friday)
7
at other important
Southern markets were as follows:
Houston
Little Kock
Natchez
eiSj^
453.200
336,000
35.000
97,700
43,000
8,000
total
7
7
Mobile
Thurt.
613,6
212,000
13,000
186,200
34.000
8,000
204,000
18.000
148,900
39,000
11,000
Total East India, Ac
7
7
Sew Orleans
Wednes.
Receipts From the Plantations.— The following table
Indicates the actual movement each week from the plantations,
The figures do not include overland receipts nor Southern
oonsumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
Snally reaches the market through the outports.
510,619
Egypt.Brazil.&c, afloat
6\
los.on
25 606
593,003
Londonstock
Tue».
6%
6^'e
6,161
Continental stocks
India afloat lor Europe
Ifon.
6h
6% Montgomery
2,131
Total Am )rlcan
East Indian, Brazil, <te.—
I/lverpool stock
-
Satur.
3alveston...
Atlanta
2,129,755 1,236,857
United States stock
United States interiorstooks..
UnltedBtatPS exports to-day.
Sept. 9.
Columbus, Ga.
Columbus, Miss
Bufaula
145,997
28.501
8,510
American afloat for Europe...
OLOSINO QUOTATIONS FOR MIDDLING COTTON ON —
Week ending
226,000
80.000
67.000
445,000
35.000
440,918
128,706
Oonttnentalstooks
(JOOTATIONS FOB MlDDLINa COTTON AT OTHER MARKETS,
Below we give closing quotations of middliUii cotton at South ernand other principal cotton markets for each day of the week
250,000
75,000
90,000
592,000
236,000
46.000
290,166
66,530
bales. 1,078,000
UverpoolTtook
[Vol. LV.
1889.
At THE Interior Towns the movement— that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
florresponding period of 1891— ia set out in detail in the
following statement.
638
678
6% Newberry
....
.
64
6\
Selma
.
Nashville
Shreveport
7
6 ^s
....
Receipti at the Port: Sl'ko Intertor Towns. Rec'pts from PlanVni.
Wteli
ndtnih-
189".
AuK.
5
"
1-2
3.756
"
19
11,295
•'
«8
Sept. 2
" ' 9
6I4
1,419
...
42,810
92.689
124.368
1891.
6.850
7.884
17.394
31.129
54,135
i.8.190
1892.
5,703
11.878
23,473
50.295
1891.
1890.
7.277
8.856
e.ioi
7,439
9,644
12,833
21,118
28,501
1892.
1891.
1890.
1892.
768
1,700
6.622
8,918
16.500
3.535
16,807
1,681
30,380
54,858
128.706 131.4'il 108,696
f,051
21,463
62,S83
61,686 162,173
57,237 117,963
56,850 131,S55
55.601 128.6^29
45,099
66,024 126,619 101.201
66..=i30
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1893, are 50,313 bales; in
1891 were 141,763 bales; in 1890 were 317,159 bales.
2,
That, although the receipts at the outports the past week
were 50,395 bales, the actual movement from plantations was
only 53,382 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the week were
0^,6!)6 bales and for 1890 they were
—
13], 421 bales.
Overland Movement fob the Week and since Sept, 1,—
below a statement showing the overland movement
tor the week and since September 1.
As the returns reach us
We give
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 Sept, 9
and since Sept. 1 in the last two years are as follows:
1891,
1892.
tCMM!
-OtO
Mh-M-J©
MO^l
September
K-I
9.
Week.
I-a
M^iti-.
ODn,
Buceeaoaoci("i to*(OMe:' 0:i(kWX05QOO'Oi
00 -J OD 05^01
O^OtDOD^OCfl-J
^03 tOCO>->»^ MWcooaMi.-»»5£: 5: St^coS^I&aJiSg;
OSU
-ooo>-i-oaiatctitcuit^cc(»Pac--j
it.Mt-'Ooirf.
Via St. Louis
Via Cairo
Via Hannibal
Via Evansville
Via Louisville
Via Cincinnati
Via other routes, &o
to C" tc
rf*
CO
^
Since
Week.
Sept.
1.
4,564
3,133
5,253
170
898
911
1,119
1,057
559
727
"802
182
142
191
358
593
1,686
1,127
157
403
5,006
6,013
6,496
10,615
towns
417
87
5-3
964
102
833
342
143
Inland, &o.,from South
1,206
171
1,811
Total to be deducted
1,117
1,904
1,690
2,612
Leaving total net overland'*..
3,889
4,109
4,806
8,003
*
h- .^ C; (—
1.
4,016
107
Total gross overland
Deduct shipments—
Overland to N. Y., Boston,
I
Sept.
Shipped—
Between
-.JODCIXO'— OOiU
Since
interior
ic.
630
Including movement by rail to Canad?.
The foregoing shows tnat the week's net overland movement
M
this year has been R, 8 j9 bales, against 4, 808 bales for the same
week in 1891, and that for the season to date the aggregate net
overland exhibits a de irease from a year ago of 3,891 bale".
.OO.CO-IOJS
-qh^M tOM MWW^it. CCMWCt0bH^-^'£J^
0;i^m*.*(0 0;CiVl
>-Oa.(yg>-K)a(j;oMooMJ.oiqxMCoa: C .0 J» O: O li^ -O OS
1892.
1891,
In Sight and Spinners'
Takings.
NOW.
ia-=
00
»OCCglKOOtJ..)McOOOiifri(JxO-tl!
•«- •"
i"- -'^-'
^^r
-'",
Week.
CrtOIOitOxot
ifj^j-oiMaoo
a-o0'uo:occo
aw
>-oo
•a
*
-»»oco:-SiooS- cc*aS£3Soa
"5"™' " net in both years.
tSu';!"*.
This
year's liifures estimated.
Receipts at ports to Sept. P
Net overland to Sept. 9
Southern consumption to Sept.
9.
Total marketed
Interior stocks in excess
Since
Sept.
1.
_
Week.
,
1
Since
Sept.
50,295
3,8S9
12,000
£6,211
4,109
16,000
66,184
2,087
76,350 113,996,
72 10,506
93,190
4,806,
11,000
1.
131,181
8,003
22,000
1«1,181
10,0.1
••
t
•
mterior stocks have imreaseC
iurinV^he^wrw' Z\l
'"'' 'S*L"^«
°*'®*' *'i'i
are to-night 63,17(5 bales
I»7«..l\
.u
more taan *i the
san^ period
year. The rlceiota at all thp
owns h^vH •..^ea 29,811 bilesUst
iew than the saZe week u,!
Came
Into sight during week.
Total in sight Sept. 9
Horth'n spinners tak'gs to Sept. 9
68,27
124,502
'76;422
22.578
171 785
1
23,187
be seen by the above that there has come into sigl t
during the week 68,371 bales, against 134,503 bales for the
same week of 1891, and that the decrease in amount in sight
to-night as compared with last vear is 95,333 bales
It will
September
THE CHRONICLE.
10,1803.
Weathkb Bepobts by Tbleobaph.— Our
reports from the
this evening by telegraph indicate that aUhou);h im a
rule the rainfall has been light during the week the nighl.s
have been cool in some sections, tending to check the maturiPicking is making good progress in Texiis and
ty of cotton.
o'ther early localities and is getting under way els jwliero.
South
is much behind any recent year, but
measure due to the lateneS'* of the
There are complaints of shedding and boll worms at a
427
MadUon, ^orida.—There baa been rain on two days of the
week, tbo rainfall reaching one inch and thirty-tnree hundredths. The thermometer has averaged 76, ranging from OS
to 00.
—
Oolumbtta, Oeorgia. Dry weather has prevailed all the
week; the thermometer has ranged from 61 to 84, averaging
The marketing of cotton
77.
this is of course in great
Savannah, Oeorgia.— Vfe have had rain oa five days of the
week, to the extent of one inch and forty-»even hundredths.
Average thermometer 7'), higlwst 89 and lowest 66.
Augusta, Georgia.— The weather has lieen clear and dry all
the week and rain is badly needed. Cotton is prematurely
opening, and development is retarded by the continued dry
The thermometer has averaged 75, the highest being
spell.
88 and the lowest 59.
Charleston, South Carolina. It has rained on five days of
the week, the precipitation reachin? one inch and eighty-two
hundre<lths. The thermometer has averaged 76, ranging from
crop.
few points.
Oalventor}, Texas.— There have been showers on two days
of the week, the rainfall reaching nineteen hundredths of an
inch. The thormometor lias averaged 79, ranging from 73
to
8.").
Palestine, Tejias.—'We have had no rain til's past week.
Tlie thermometer has ranged from 02 to 90, averaging 76.
Texas.— The weather has been dry all ihe week.
Average thermometer 77, highest 93 and lowest 63.
Dallas, Texas, The crop continues good and picking acWe had one shower during the week. Rainfall ten
tive.
hundredths of an inch. Ihe thermometer has averaged 7t,
the highest being 90 and the lowest 58.
San Antonio, Texas. We have had showers on two days of
Htintsvitle,
—
—
the week, the precipitation reaching eighty-five hundredths of
an inch. The thermometer haa averaged 78, ranging from 61
to 93.
—
Luting, Texas. It has been showery on one day of the
The
to the extent of eight hundredtln of an inch.
thermometer has ranged from 63 to 93, averaging 77.
Columbia, Texas. There have light showers on two days of
the past week, the precipitation reaching seven hundredths of
an inch. Picking is active. Average thermometer 80, highest
90, lowest 69.
Cuero, Texas. It has rained lightly oa one day of the week,
the rainfall reaching four hundredths of an inch. The thermometer has averaged 76, the highest being 08 and the lowest
—
66 to 87.
Stateburg, South Carolina.— K\\n has fallen on one diy of
the week, to the extent of ten hundredths of an inch. Averago thermometer 73*4, highest 85'3 and lowest 60.
Wilson, North Carolina.— There has been no rain all the
week. Average thermometer 72, highest 82, lowest 60.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3
j'clock Sept3mb3i- 8, 1893, and September 10. 1891.
wet>k,
—
—
Sept. 8, '92.
Sepl. 10. '91.
Feet.
Wet.
Memphis
NashriUe
Shreveport
Vlcks 'Ur(f
46
40
Above low- water mark.
Above low-watermark.
Above low-water marli.
Above low-water mark.
Above low- water mark.
New Orleans
6-8
9-3
2-4
3-8
12-9
1-3
34
9-4
Annual Cotton Crop Statement. — In our editorial column
will be found our annual crop statement, with the usual facts
and information with regard to coi3um;)tion, &c.
iNuiA Cotton Movsmbst prom all Ports. Tlie receipts
There is considerable complaint about boll worms and caterpillars.
The thermometer has averaged 79, ranging from 64 and nipments of cotton at Bombay have been as follows for
t le week and year, bringing the figures down to Sept. 8.
to 94.
Belton, Texas. It has been showery on one day of the week,
BOHBAT RECEIPTS AND SHIPMENTS FOB FOCR IBAKS.
the rainfall being eighteen hundredths of an inch. The therRectiptt.
Shipments einee Sept. 1.
SMpmenli
this week.
mometer has ranged from 54 to 90, averaging 73.
Thii
Since
ContiFort n"or//i. 2'exas. — We have had one shower the past tear Great Conti- Total. Great
Total.
Week. Sept. I.
Britain nent.
BrU'n. nent.
week, the precipitation being nineteen hundredths of an inch.
Avenige thermometer 78, highest 89, lowest 57.
2 000
2,000
1892
4;6o6
4,000 7.000
10,000
H'eaf/ier/'ord, Texas.
There has been rain on one day of the 1891
3'6o6 :i"oo6
4,000
8,000 5,000
7,000
i'.ooo
3,000 u.ooo
week, the rainfall reaching fifty-three hundredths of an inch. 18)0
2.000
8,000
10,000 4.000
7,000
188) i'.ooo 5.000 6,000
Averjige thermometer 73, Yiighest 88, lowest 56.
According to the foregoing Bombay appears co show
New Orleans, Louvtiana. It has rained on four days of the
week, the precipitation reaching one inch and ninety hun- a decrease compared with last year in the week's receipts ot
5,000 bales and a decrease in shipments of 3,000 bales, and
dredths. The thermometer haa averaged 79.
Shreveport, Louisiana.— There has been rain on one day of the shipments since Sept. I show a decrease of 4,000 bales.
the week, the rainfall reaching thirty-one hundredths of an The movement at Calcitta, Madras, and other India ports tor
inch. The thermometer has averaged 7 J, ranging from 60 to the last reported week and since the 1st of September, for two
years, has been as follows.
"Other ports cover Cerlon,
90.
Columbus, Mississippi.— There has been rain on one day of Tuticorin, Kurrachee and Coconada.
the week, the rainfall reaching sixty-seven hundredths of an
ShipmejUs for the week.
ShipmetUt isince Se/it.
inch. Toe thermometer has ranged from 57 to 90, averaging
5-t.
Brenham, Tej^as.— The weather haa been dry
all
the week.
—
—
—
—
1
Leland, .Vissmippi.— Shedding, which set in some days
and boll worms will, it is claimed, cut the crop down
appreciibly. Days are warm but nights quite cool. There
has been rain during the past week to the extent of one inch.
Average thermometer 74, highest 93, lowest 53.
Meridiati. Mississippi.— Coitor^ is poorly fruited and boll
worms are doin^ damage. Rain has fallen on one day of the
week. The thermometer has ranged from 54 to 84, averaging
since,
69.
Little Rock, Arkansat.—The weather is good for
crops. There has been one light shower the past
precipitation reaching four hundredths of an imh.
maturing
week, the
The
ther-
mometer has averaged 707, an 1 ranged from 51 to 85.
Helena, Arkansas.—Crops Inve not improved.
The first
bale of new cotton arrived on Thursday. There has been only
one sprinkle since the twenty seventh of Auerust. The thermometer has ranged from 56 to 86, averaging 71.
Memphis. Tennessee.— lights have been cold, and it is
claimed damage has resulted to cotton. The weather is now
warmer. We have had rain on two days of the week, the
rainfall reaching forty-eight hundredths of an inch.
71-5, highest 87-6 and lowest 56-9.
Aver-
age thermometer
Nashville, Tennei^see.— The week's rainfall has been two
inches and seven hundredths, on three days. The thermometer has averaged 71, the highest being 88 and the lowest 53.
Mobile, Alabama.— Crop reports are unfavorable.
It has
rained on six days of the week, the rainfall being eighty-nine
hundredths of an inch. The thermometer has averaged 78,
ranging from 61 to 88
Montgomerit, Alabama.— Tnere has been rain on two davs
of the week, the precipitation being three hundredths of an
mch. The thermometer has range 1 from 67 to 87, averaging
Selmt, Alabama.—The wea'.ber his been fair during the
week, with ni«hta cool, and only a trace of rain
Average
thermomi^ter SO, highest 87 and lowest 73.
Auburn, Alabama. Cottjn is opening rapidly and picking
has begun in earnest. There has baen bit a trace of rain the
past week. Tlio therm >met?r has averaged 73-7, the highest
beinj; 85 an 1 the lowest 69*5.
—
Oreat
Britain.
Continent.
Oreat
Britain.
Total.
Oonttnem.
Total.
Oaloatta1892
1891
•••••
Kadras—
1892
1891
othere—
1892
1891
1.000
2,000
1.000
1,000
2.000
3,000
1.000
3,000
1.000
2,000
2.000
S.OOO
3,000
1.000
3.000
5.000
2. OOO
3.000
1,000
9000
6,000
1000
7,000
8,000
3,000
9.000
J, 000
3,000
7.000
12,000
All
2,000
4,000
;
I
7,000
total all-
1892
1891
3.000
6,000
2.000
EXPORTS TO BDROPB FROM ALL INDIA.
1892.
1891.
1
1890
1
Shipmente
to all
Europe
from—
ThU
Since
ThU
Since
ThU
Sine*
week.
Sept. 1.
week.
Sepl. 1.
week.
Sept. I.
Bombay
Ill
other porta.
7,000
7,6o6
3,000
8.000
4.000
12,000
3.000
13,000
5,000
22.000
Total
7,000
7.000
11. ooo'
16.000
le.oool
27.000
Alexandria Receipts and Shipme.vts. — Through arrange-
&
we have made with Messrs. Davies, Benachi Co., of
Liverpool and Alexandria, we now receive a weekly cable of
ihe movements of cotton at Alexandria, Egypt. The following
ire the receipts and shipments for the past week and for the
;omjsponding week of the previous two years.
jients
Atr^^nndria, Eoifpt,
September 7
1890
1891
1892
i cBiptB (uantars'l
ThlR week...,
Since Sept. 1
ThU Since
week, \8ept. I.
I
Ccimrte (bales)
To Liverpool
roOontlnent
rotal
'
Europe
12.000
17.00 >
12.000
12,000
'
I
ThU Sine*
wttk. Sept. 1.
1.000
I.OOO
1000
2,000
1.000
1,000
S.OOO
1.000
2.000!
2 HOOl
3,000
4.000
A oantar Is 98 uounas
31,000
46 Ytn
1
TkU
I
Sine*
Sept.
'
I.
3.000
3,000
1,000
8.000
4000
THE CHRONICLK
428
[Vol. LV.
The tone of ths Liverpool mirket for spots ani futures each
Manchester Ma.bket. Our report received by cable to-nigh t day
of the week ending Sept. 9, and the daily clo.3ing prices
from Manchester states that the market is steady for both of spot
cotton, have baen as follows:
Tims and shirtings, bat does not responi to the movemaat in
We give the prices for to-day below and leave
Liverpool.
Spot.
Saturday Monday. Tuesday. Wednes. Thursd'y Friday.
those for previous weeks of this and last year for comparison
—
Ooll'n
8H
32t CopTwitU
Market,
1891.
1892.
8I4 lbs.
Shirtings.
Mid. 32< Cop.
Twist.
XTpUU
ll>t.
Shirtings.
OoU'n
Hid
Upld
In buyers' Moderate Hardan'fz
favor.
busiuesp. tendency.
1:45 p. H.
Mld.npl'ds.
Sales
d.
d.
®7i8 5
A.aK.5 6S,9
" 12 6I16
®6
®7
4 11
ae^g 4 10
®6% 4 9
'ai&\ 4 8
" 19 6
" 26 5'8
Sep 2 5%
4's
d.
®6
316igt6%
®738
3l5i6i7
®7%
4
®7''8
'36
«6
1714
d.
8.
d.
8ia®6 10
6% ®738
4
8is96 10ia
®7
®7
10 ®7
8
9
5
1
1>9
500
Speo.&ezp.
41,
4I3
aeii
9
315,6 613i8®7',6
8i«®6
4
d.
d.
d.
d.
d.
B.
6,000
3161S
31518
10.000
1,000
10.000
1,000
Good
demand.
Steady
but
Firm.
quieter.
4
4
•
12.000
2,000
4
12,000
2,000
10.000
1,000
Futures.
I'', 6
4»16
4'8
4'8
Market,
\
1:45 p. H.j
Market.
Steady at cjulet but steady at
partially
Steady.
im4 adv.
Barely
\
Firm at
2 64 ad
Steady at Steady at
partially
2 84 ad1 64 dec.
vance.
vance.
Quiet but
Quiet.
Easy.
Qalat.
steady.
steady.
4 p. H. ( steady.
Jute Butts, Baggino, ifec.— The market for bagging the
conThe opening, highest, lowest and closing prices of futures
past week has been more active, but business has been
fined mainly to the filling of orders from the South. Prices at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
have been well maintained at 6}^c. for 1^ lbs., 6^c. for 8 lbs. stated:
and 7J^c. for standard grades. Jute butts have been quiet.
^^ The prices are giDen in pence and 64<A, Thus 3 63 m<an*
Quotations are l^c. for paper grades and 2a|c. for bagging 3 63-64d.. and 4 01 means 4 l-64d.
.-
qualities.
Sat., Sept. 3.
exports of cotton from the United
States the past week, as per latest mail returns, have reached
18,408 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New York we
include the manifests of
cleared
all vessels
up
to Thursday.
Total bales.
Oallia,
Hew York—To Liverpool, per steamer* A.rlzana, 317
... Karonio, 3.614 ....Prometheas,
1,908
St.
Kenans, 2,061 ...Servta. .555
To Hull, per steamer Colorado. 10
To London, per steamer Manitoba, 1. --,....„. ..............
To Havre, per steamer La Touraine. 99
To Bremen, per steamers America. 310
Saale, 103
To Hamburg, per steamer Gellert. 150
To Naples, per steamer Britannia, 300
Hbw Orleans—To Ltverpool. per steamers Carolina, 1,500 ...
1.424
Counsellor, 2.0
0.879
10
1
99
440
150
300
...Yucatan, 1,423
1.542... Ottoman, 3
100
52
100
To Bremen, per steamer Dresden, lOP
Total.
18,408
particulars of these shipments, arranged in our usual
fo:Tn, are as follows:
Ham-
Hew
York.
N. Orleans.
9,879
4.923
2,100
Boston
11
410
99
100
Baltimore.
Total.... 17,00i
11
b'xrg.
99
BarceNaples, lona.
3)0
150
150
d.
d.
3 55
3 55
3 55
3 55
S58
3 67
3 63
3 68
3 6)
3 62
3 67
3 59
3 61
3S5
Oct.-Nov„.. 3 57
Nov.-Dec... 3 Sri
Deo.-Jan.... 3 61
Jan.-Feb... 400
Feb.-Mota... 4 02
Uch.-April. 4 05
Aprii-May.. 4 07
408
May-June
....
3 60
3 62
4 00
4 03
4 03
.
June-July..
....
....
0pm
Total
104
100
52
..".."
10.879
6,177
2,100
.."."."
252
541
352
300
104
18,403
3 61
4 00
4 02
4 05
4 07
....
Hi«k Lov>.
<!.
i.
September.. 3 61 8 61
3ept.-0ct... 3 61 3 61
Oot.-Nov.... 8 62 3 63
Mov.-Deo... 4 00 4 01
Dec-Jan.... 4 0j 4U3
Jan.-Feb ... 404 4 05
Feb.-Mcb... 4 07 107
Mch.. April. 40a 4 10
April-May.. 4 11 412
May-June
.
....
June-July
.
....
Balow we add the clearances this waek of vessels carrying
cotton from United States ports, bringing our data down to
Olo«.
i.
d.
d.
a.
d.
d.
8 55
3 58
356
3 57
368
3 67
8 68
3 54
3 56
3 56
3 58
3 55
3 55
3 64
3 66
357
3 66
3 69
868
3 59
3 68
3 60
860
3 60
361
3 58
3 60
8 61
3 62
4 00
4 03
4 05
4 08
8 60
3 63
4 01
4 06
4 07
8 62
4 09
4 03
4 05
3 63
3 57
3 59
3 60
3 63
408
400
400
4 03
4 05
4 02
4 05
408
4 07
....
....
....
....
Oloi.
Cotton freights the past week have baen as follows:
Hon.
Satur.
Wednes. Thurs,
Tues.
rri.
"64
^64
"64
Hi
i*t
kt
kt
'^y
»ga
»si'
Hi
Hi
'32
".12
»»2
6,2
Hi
'J7
Hi
bld...d.
Havre, steam... c.
Do
Hit
d.
Bremen, steam. .d.
lndireot.,d.
Hamburg,8team.d.
Do
d.
AJiist'd'm,8team.d.
Indirect
Beval, steam
Do
30335
30»35' 30»35* 30935'
d.
....
..-.
I
d,
d.l
i^ei-^^u
....
....
Baroelona,steam d. 7 ^S >4
Genoa, steam. d.'
"IB
Ti-leste, steam. d 186*-"8
Antwerp, 8t,»am.d
^g^
' Cents, per lOOlbs^
Tsaai4
'S4®'4
.
t
4 07
4 06
4 08
4 09
408
....
$S.
Oloi.
Open Bith Low.
d.
d.
4.
1.
d.
8 61
3 61
8 61
3 6J
3 61
3 61
3 62
4 00
4 02
4 03
3 6J
3 62
3 59
3 69
860
360
3 60
363
4 01
3 60
8 62
3 61
3 62
4 03
4 00
400
3 60
8 61
3 63
4 01
3 62
3 62
3 62
4 00
4 02
4 06
4 07
40;
405
4 03
404
4 05
4 03
4 08
4 02
4 04
4 07
4 09
4 05
4 07
410
411 412
4 07
4 09
4 12
408
4i2 409 410
4 10
....
4 07
,,,.
....
864
02
404
07
4 00
4
4
....
FrI., Sept. 9.
d.
4 02
d
....
....
4.
400 400
4 03
....
d.
3 61
3 62
401
(71m.
d.
OlOf.
d.
360
3 62
3 60
3 61
3 63
8
3«2
40O
62
02
4 01
4
4 01
4 03
4 09
4 01
4 04
4 06
411 411
4 11
....
406
408
4
OB
411
....
....
9,
1892.
The demand for flour has continued slov and prijes for the
low and medium grades have been lowered somewhat in con
sequence of the decline in wheat. Com meal has been steady
for the choice grales, which are in limited supply, but other
sorts have declined in sympathy with corn. To-day there was
a moderate business for local account and fancy brands
brought steady prices, but the low grades were weak. Corn
meal was in moderate demand and steady.
The speculation in wheat has been slow anl prices have declined under dull and weak foreign advices, continued favorThe
able weather conditions and a full crop movement.
cholera epidemic continues to hang over the mirket as a
cloud and also has more or less of a depressing influence on
values. The spot market has been much less active; the dif-
I
a't'i
....
4 03
4 01
FRIDAY, September
6 -Steamer
2,750.
N >BroLK—To LlveriMJol -Sept. 5 -Steam ir Nioit Eoglnear,
•. 300.
Boston— To Liverpool -Sept. 2-8teamer Cephalonla, 70.
Baltimore— To Liverpool— Sept. 6 -Steamer Caspian. 131.
Uverpool.steam d.
4 03
3 61
3 64
4 0i
4 01
....
Than., Sept.
Op<n Bign Low.
Open High Low.
BREADSTUFF S.
the latest dates:
Do
Tnei., Sept. 6.
<l.
Hbw Orleans- To Liverpool -Sept.
Do
|
Open BiQh Low.
Wed., Sept. r.
2,100
BiLTiMORE—To Liverpool, per steamer Queensmore, 100
To Hamburg, per steamer Oallfo nla, 52
Liver- Hull dt
Srepool. London. Bivre, men.
OlOf.
d.
September.. 3 55
3ept.-0ct...
150
101
Boston—To Ltverpool. per steamers Bostonian, 555.. .Georgian,
Open High Low.
i.
4.923
To Hamburg, persteamer Europa, 150
To Barcelona, per steamer Juan Forgas. 104
The
Men., Sept. 3.
News.—The
Shipping
16
"84
"84
».
n<
'84
'84
Via Cberbourg."
Liverpool.— 3y cable from Liveroool we have the following
stats.n3at of tha wiak's silei, shmks, &,-;, at that port:
ficulties shippers are experiencing in getting their supplies to
the other side make them hesitate in their operations. Yesterday the sales included No. 3 red winter at 19^£c., delivered;
No. 1 Northern at Ic. over December in elevator, and No. 2
Toledo red winter at %c. under December, delivered. Today the market was depiessed during the fore part of the day
by weak foreigo advices and cholera talk, but later there was
an advance, oa buying by shorts to cover contracts. Toe spot
market was quiet but steady. Sales included No. 2 red winter
at 78J^c. in elevator
No. 2 Milwaukee \%c. under October,
delivered, and ungraded red winter at TS'gC. to 83c.
DAILY OLOSraO PBIOEB OF NO. 2 RBO WINTBB WHEAT.
Fri.
Thurs.
Tues.
Wed.
Sat.
Mon.
78'«
78%
September delivery
79
~fH
o.
^
^i
;
Aug. 19.
week
bales.
Of which exporters took ...
Of whloh specalators took
Bales o( the
.
Biles American...........
Aotoal export
Pjrwarded..,.
TJtal stock- Entlmated
,,
'."
Aug. 26.
41.000
2.000
1.39S.OOO
1
Of whloh American- Bstlm'd 1,1H2 000 1
Tjtal Import of the week
2:.000
Of whb^h American
16.000,
Amount afloat
35.000
Of whloh Amerloan .....
15.000
pt. 2.
Sept. 9.
52000
66 000
500
1.000
2,800
3.400
4,000
5,900
33.000
45,000
56,000
6,000
8.000
5.000
3^.000
42 000
55.000
366.000 1 335.000 1.21)0.000
152.000 1 124.000 1,078,000
13 0001
19.000
15.000
7.0001
12.000
3,000
3 5.000
32.000
3J,000
15.000
12.000
17,000
38,000
4.OOO1
37.000]
7.000'
41,000'
S
S
2
7959
7!ft
81'4
81^
83i«
8278
SS's
MaydeUverv
8)
SB's
8S>i
tS
D3
Indian corn futures opened for the week at a sharp declineThe receipts at the West are inereasi''g rapidly, and weither
conditions continue favorable for the maturing of the crop.
Later in the week, however, there was some recovery from
bottom prices on the report of the Kansas State Board of
Ooiobi-r lellvery
November
delivery
December delivery
c.
o.
o.
c.
"3
a
5
"S
79'*
Si's
80'4
82%
83%
Ag
Septkmbkr
THE CHRONICLE.
10, 1893.]
which innde a decline in the condition of corn in
that State during Uie past month of 9 p«>r cent. The spot
market baa been quiet. The sales yesterday included No. 2
mixed at 56V^(!j57o. in elevator; No. 2 white at 58c. inelevator,
and yellow at 61%c. in elevator. To-day the market was
lower under favorable crop accounts from the West and
a continued full crop movement. Towards the close, however, there was some recovery on buying by shorts". The spot
market was without change and quiet. Sales included No. 2
mixed at SOJ-ic. in elevator and STJ^c. delivered, and yellow at
riculture,
58>^@69c.
OAILT OLOStNO BRIOES OF HO. 2 MIXED OORH.
Wed.
Jfon.
Sal.
SeptMiiber rtoUvery
53 '8
0.
i
Ootoli«r delivery
o.
NuveiutH-r delivery. ....0.
December delivery.. ...c.
May delivery
i
SSOg
55
S5
54 >«
6!,H
54i>g
56
87
o.
m.
TAurf.
5S!U
55 >«
ftS
55 H
55H
56
57 H
5S'e
5619
Oats declined during the fore part of the week under
long selling, prompted by a full crop movement, but later
there was a partial recovery in sympathy with the improvement in corn. To-day tbe market was quiet but steady.
DAILT OLOSINO PKIOES OF MO. 2 UIXKD OATS.
Hon.
Sal.
September delivery. ....o.
October delivery
..0.
in
Wed.
TKuri.
Fti.
3739
38\
39 3g
4038
37^
38^
STh
3S
38 Tg
S
S
o
..o.
tS
H
slow demand and
November delivery. ...0.
0.
Dioemher delivery
Hay delivery
Rye has been
Tue$.
5'
2
3
38><
39 14
39»4
3il>9
40\
40
40
41!S8
42<S8
42
pricas have further de-
clined.
The followinz are closing quotations:
Fi.onB.
V
Fine
bbl. 91
Bap«rllne
E^ra, No. 2
Extra, No. 1
Clears
1
195a
40a
2 40
3 00
10a
3 75
2
3
3
Patent, spring
$4 20a$4 50
Patent, winter
City mills extras
Rye
4259
....
3 40 a 3 85
flour, superllne..
a
Pine
Corn mealWestern, &o
75» 4 30
4 25a 4 70
Btralithts
[Wheat
70»$1 90
909 2 10
Brandywine
flour In sacks sells at prices
<irheat—
0.
opr'Jie, nerbiisli...
Red wlnierN'j
2..
Keil winter
White
Oat<»—^Uxed..|l ba.
White
No. 2 mixed
No. 2 white
71 »
77'«a
70 a
72 a
37>«a
39m
38 ®
fflven
None.
Total stock (pieces)
707,000
663,003
Domestic Woolens.—The new demand this week has been
of moderate dimensions, heavy-weight woolen and worsted
suitings and trouserings being comparatively neglected, and
buyers placed only limited orders forspiing lines. Agents
generally report their mills well under engagements, but in
some instances a strong effort to interest buyers shows that
are not alike well situate!. Low-priced cheviots are well
sold, but as noted last week deliveries of these low-priced
styles are not giving universal satisfaction, and rejections
have proved a disagreeable feature this week again. Pieoedyed and fancy worsteds in fine qualities are in request. For
satinets, cotton-warp and cotton-mixed stuffs there is a poor
66I9
66I3
culties
here see pace 410.
THE DRY GOODS TRADE.
New York,
A
60
61
39%a 40\ Barley—No.2We8t'n.
For Giber tables usually
;
inquiry. Overcoatings and cloakings moved mostly on back
orders, but fair-sized duplicates have been recorded for both
staple and fancy woolen and worsted dress goods.
53
"
Business in brown and bleached cottons has run on moder
ate lines throughout so far as new entragements are concernpil, but (rood deliveries on account of back orders are reported. Liglit-weight brown sheetings are still in best comparative request, and low and medium-grade bleached shirtings
attract more attention than tlie higher-priced lines. The following advances in 86-inch bleached have Ixjcn made Fitchvilloto
6,'2C. and lIop<! and Dlac'kstone to 7c. [xjryard. Wide sheetings
are fairly well controlled by previous purchases, and thsre
has been but a limited number of new orders placed, all colored cottons, such as denim', ticks, stripes, cheviots, plaids,
&c., being in a similar position. Kid-finished cambrics are
quiet but very steady, although in fuller supply than of late,
and previous prices are readily obtained for silesias and fancy
linings.
.Staple and fancy prints, indigo blues and shirtings
are firm, with business mf slly confined to jobbing circles.
GiDKbanis in fall makes are also doing fairly well at second
hand!<, while in new spring styles agents are slowly making
headway. For print cloths prices are unchanged at 8)^c. per
vard for 64 squares and 3)^c. for .')6x80s.
good business nas
been done for future delivery, and the tone at the close is
firm.
1892.
1891.
1890.
stock of Print ClothsSept. 3.
Sept. 4.
Sept. 6.
Held by Providence manufaotarers. None.
296,000
485,000
Fall River miinufaoturers
None.
411,000
178,000
Outside speculators (est.)
None.
None.
None.
all
2 90 a 3 10
3 25
below those tor barrels.]
GBAIN
0.
Corn, per bash.—
85
We.'it'n
mixed
50
Steamer No 2
73H1
Western yellow .. 55
821a
82
Western whif. ... 57
39
Rye—
45
western, per bush. 60
39
State and Jersey.. 60
429
Friday, P. M., September 9, 1892.
While the market has not been seriously affected by the
cholera scare, it has still shown some traces of an adverse in-
Foreign Dry Goods.— The cholera scare, quarantine diffiand Labor Day holiday combined to make the week
quieter than several of its immediate predecessors, and business has fallen decidedly belosv late average. Dress goods,
silks, ribbons, linens, handkerchiefs, etc., have all moved in
moderate quantities. Prices are steady. Importers say that
the new quarantine regidations will not materially affect the
mprket outside of holiday novelties, as in other lines the bulk
of the season's importations are already landed.
Importations of Dry Goods.
fluence at work, particularly in the jobbing branche?. These
The importations of dry goods at this pjrt for the week
were most noticeable early In the week when the observance
of the Labor Day holiday contributed to a quiet opsning. ending Sept. 8, 1893, anl since Jan. 1, anl the si-na facts for
the corresponding periods of last year are as follows:
Latterly there is evidence of a more re-assured feeling prevailing, the number of arrivals from out-of-town points swelling
g
3
3!
g
a
to something like late dimensions, with less cholera talk and
more business passing. At flrs-t hands there has been a moderate demand for staple and colored cottons to supplement
§:
previous engagements and a quiet duplicating request for
o
g:
g
if
printed and woven patterned cotton fabrics from jobbers. Business for export has again proved of an ordinary character, but
i;
leading agents report more frequent inquiries after goods
suitable for Asiatic marketa, with only limited transactions
resulting therefrom. The tone of the market continues steady
MM \*Ti
^^^
OHO
01
HCntococn
Vjwmo'h" 5*
throughout for all reputable makes of cotton and woolen
MWCOOD^
•^x MOlOSW-q
OitOOKkrf*.
-JOiCOoaM
x;;i
fabrics.
There are still some quarters in which agents are
easier to deal with than the general run in both brown and
rO X «
WX
33 •» "- -vi
bleached cottons, but these are regarded with indifference, as
^
a
WO)
O) C/i C0_(O CO
Oi«p>to;q^ tt.
x5i
the market is seldom without such exceptions, and they are
~"
VlfcOXW*W
ow
c^'to'ytco'oj
00 01
0)
to
to ^I N- ^ CO
more than offset by occasional advances.
The jobbing
0S»
AX OMMtOO
~JWMO»
trade has ruled quieter than agreeable, some encouragement
being, h jwever, drawn from the fact that it has disclosed im^;Ox»*>-x
provement as the week advanced. Collections are satisfactory
CO**"
<103Xi^tO
and country reports good.
C0rfkO"-X
MM i:o>-'uo)co
-gxc-arf*-
HI
;
;
:
:
^ 1^
I
rf»-
If''
1-*
1;^
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending Sept. 6 were 818 pack-
OXtOOO)
ages, valued at $52,983. their destination being to the points
specified in ths table below:
New York
1802.
to Sept.
Week. Since Jan.
3,709
1,189
66,636
4,227
9,990
6,554
11
125
iO'abla
Alrlca
West Indies
Mexico
Central America..
Bouth America...
Total
11, .538
3
2,654
4,112
33,190
1,984
818
China, via Vancouver..
The value of the
153
82
341
4
Other countries...
Total.
(-X
o o -q 10
OS to
xV
X>Ck
X M *» to X
1891.
cex
116,083
13,345
1,455
2,273
1.
Week. Since Jan.
1.
00^
I
159,128
14
61
3,283
1,104
104,562
5,271
8,021
4,623
9,306
2,706
6,140
23,011
1,889
253
439
236
98
202
55
55
517
14
XO'OtOW
MW
O05
WO
Wi-OlO
pW05;qx
®cn'<ixw
0)0)wto:;i
i;;i
^ -0 ^ W
»-'
*k
^ *1 00
asa<MOx
1,911
3,132
5,070
169,919
20,807
I
190,726
»
o _
1
have
to
tocooautM
wasxr-^
w*a
Voj
00
X Ji
onc;<ca^
toos^outo
oo X Oy O -1 10
to »
HtO)
U.'w
en
<e
«!
W MM
J'
— «*4W
O y X -^ :d
C&
osx
tOM
v<w
If.
to
-4
I
Wh-a>o<s.K
a MW
OM
lO.
in 1891.
tOj-MMM
W03(dW03
X
a
3)
M ®«
a*.
CO
^Ci
» o» tS<.xS9
a>
o = 00 1- 'JO
wo>w<p:o
o:
exports since January
bean |7,390,511 in 1893 against $8,842,184
to
to
loxaika
'^ U' u -^ 1^
mill points dliject.
New York
xto
W^^
torotow
99
India
Prom New England
*-
MCPj^OltB
6.
Oreat Britain
Other European.
China
*
X w* Mto^yo
C3DO
*ih-
W-4
)<«.
03UCd3>
weoa"—
t-S
e>at
to-o
t»v
«. ig
W ^ Jt
iO-lW«i^
O
31 -J '^
W
WO^tOU
Otctooasi
x«^»aA
xoiaV©
-4 w o w o
"'-'woVo*
CJOl*. — !
31
^. -4
:.-<
O
ft
^
THE CHRONICLE.
4B0
State and City T>tn^Wi-^t>
TERMS OF SUBSCRIPTION.
Commercial and Financial
40
tains
Stale
to
64
and
City
Investors'
con-
Supplement
of
CHRONICI.E
Supplement
CHROiVICl,E
of
ptedia of Railroad Securities) contains
160 pages
Valuation.
Real Estate.
$3,520,643,815
3,397,234,079
3.298,323,931
3.213,171,201
3,122,388,084
3,035,229,788
Tear.
1892
1891
18H0
1889
1888
1887
1886
1876
1875
1874
con-
H73
(a Cyclopublished
1872
1871
1870
1869
1859
published several times each year.
180 pages
tains
CHROXICLE
pages published every weelc.
[Vol. LV.
From
every other month.
Total
Personal.
$40."),095,684
Equalized
Valuation.
$3,931,741,499
382,159,007
3.779.393,746
38,5,329,131
3,083,653,062
354,258,556
3.567.139,757
346,611,861
3,469,199,945
335.89^,389
3.361.128,177
2.s99,S!t9,0'.3
324,783,281
3,224,683.343
357,441,401
2,108,325,872
2,460.267,273
407,427,399
1,900,352,703
2,367,780,102
1,750,»J98,918
418,608,955
2,169,307,873
437,103,315
1,693, 23.071
2,139,636,386
l,641.37s).410
447,348,035
2,0^8,627.445
453,007,732
1,.599.930.166
2,052.537,898
434,380,278
1,532.720,907
1,967,001,185
441,037,915
1,418,132,885
1,860.130,770
307,349,155
1,097,364,524
1,404,913.679
the above it will be s?en that the totil assessed valua-
and personal property after equalizawhich is aa increase of §1.53, 347, 7o3 on
the total valuation in 1891. The S;ate Boird of Ejualization
was organized in 1859, and the t it il value of taxable property
for that year was figured at §1,404,913,679, only a trifle less
tion of the State's real
Subscription to CHRONICLE for one year $10.00,
which includes every issue of both Supplements.
The purpose of tiil§
State
and
City
tion
Department
our subscribers with a weekly addition to and
continuation of the State and City Supplement. In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the " State and City Department," we expect
to bring down weekly the information contained in the
is
to furnish
is
§3,931,741,499,
than one-third of the present valuation. In the subjoined
statement the figures for 1893 are given in connection with
those of previous years, which are taken from our State and
City Supplement.
Bond Proposals and Negotiations.—We have reState and City Supplement to as near the current date as ceived through the week the following notices of bonds
possible.
Hence if every Subscriber will note in his Supple- recently negotiated and bonds oflfered and to be offered for
ment on the page designated at the head of each item a sale.
Atlantic Higlilands, N, J. An ordinance has been passed
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh authorizing the Borough Clerk, 8. T. Champion, to call an
election on September 26 to vote on the issuance of bonds to
cyclopaedia of information respecting Municipal Debts.
Of the proposed loan $60,000 will be
the amount of $100,000.
issued for water works and $40,000 for severs and drainage.
—
Brooklyn, N. Y.— (State and City Supplement, page 44.)
Report of the New York State Board of Equalization.—
Comptroller Jackson will receive sealed propo';al3 until
During the past week the New York State Board of Equalization
has made public the result of its work in fixing the valuation Tuesday, Sept. 13 1893 for the purchas3 of the whole or any
of real estate in each county. The report shows that a total part of the following loans
increase of $1.53,909,460 has been made on the valuation of
§800,000 of 8J^ par cent permanent water loaa bonis, regisreal property in the State as reported by the local boards of tered, payable Jan. 1 1911.
assessors in the various counties.
The following table gives
$300,000 of 3)^ per cent school building bonds, registered
the valuation of real estate in each county after equalization, 1100,000 payable Jan. 1 1918 and §100,003 payable Jan. 1
the increase or decrease on the amount as reported by the 1919.
county assessors, and the assessed valuation of personal
§200,000 of 3}4 per cent Twenty-sixth and adjacent wards
property
sewer bonds, registered §100,000 payable Jan. 1 1915 and
—
:
;
;
Equalized Yalualioii.
Counties—
Albauy
Alleghany
Broome
Cattaraugus
Cayuna
ChHutauqua
Cheinuug
C'lieuaDgo
«',nton
Ine. or Dec.
$82,784,383
13,009,796
24,869,906
13,708,073
26,495,690
24,817,006
19,241,379
$11,247,511
874,896
4,708,728
4,058,918
1,380,306
915,558
708,916
733,109
692,692
2,053.303
1,097.039
73,590
3,118,263
12,801,289
2,523,325
869,530
868,476
2,981,579
1,110,029
523,089
2,167,483
7,110,030
19,237,549
629,313
499,473
262,517
16,230.482
l,479,7t0
80,997,890
3,738,777
4,098,789
9,498,814
4,447,462
6,300.538
2,470,981
14,47:<,354
JcUcreon
^'UKS
Lewis
Livingston
7,053,291
24.115,203
9,229,232
11,717,633
37,791,536
190,359.877
12,734,972
7,053,291
10,156,739
18,809,012
11,426,332
1,298,510
18,691,222
22,847,022
448,81K,579
7,386,200
23,211,677
Madison
Monroe
113.103.0.-.7
Columbia
Cortlana
Delaware
Dutchess
Erie
Essex.
FrauWin
Fultou
G»--nC8te
ffti'ic
Ilaii.Uton
ileikinier
17,633,'229
Montgomery
New York
N'sfjara
Ouelda
Onondaga
O"'"'*'
•
Orange
Orleans
Oswego
Ot«ego
^"'""u
22.002,038
1,545.245.710
26,097,179
48,100,027
66,200,079
25,562,166
39,398,639
13,048,589
22,297,443
19,008,620
Dec.
Dec.
Dec.
Deo.
Dee.
Dec.
Dec.
Uec.
Inc.
Inc.
Inc.
Dec.
Dec.
Dec.
Inc.
Dec.
Inc.
Inc.
Dec.
Dec.
Inc.
Dee.
Dec.
Dec.
Dec.
Dec.
Dec.
Inc.
JpV"''"
T'OKa-lomi.klns
V^lf-
1773 030
7 952.875
2 746 044
243,«31 003
Inc.
6 715 286
3 528,069
4 475,968
Dec.
1
784
.565
],'<51,521 Dec.
1,910,721 Inc.
1424 220
979,965
2,305 860
591,720 Dec.
^"ff?^^--
3,143
2-'0
,567
2787 204
17,140,676 Dec.
3,319,993 Inc.
1,416,991 Inc.
2,209,528 Inc.
640,590 Dec.
2.945,702 Dec.
52,523 Inc.
2,634,.599 Dec.
6,783,.565 Dec.
5,240 306 Dec
'989 352 In^c
313,800 Dec.
1,623 192 Dec
Steiiben
E64
4,5 18,306
]4,')41,445 Inc.
ifneoa
8t.Li«rcnce
819 126
2,190 550
1,417,232
7,350
1,842 166
3,301 175
13,326,334
Dec.
.5,995,297
1
H70 585 Inc.
1,'S99.'.,03
Dec.
$100,000 payable Jan. 1 1916.
All of the above bonis are
exempt from taxation by the
City of Brooklyn and County of Kings, exoept for State purJanuary an i July of each year. For
ttie bonl sale see advertiseDepartment.
Interest payable
poses.
further particulars in regard to
ment in this
The total assessed valuation of Broo'ilyn's real estate this
year is $467,607,395 and that of personal property §16,61.5,947.
The real estate shows an increase of §18,804,935 over 1891
13,941730 and the personal property a decrease of $1,485,833, making
855,495
The reduction in the assessed
1,037,384 the net increase $17,319,093.
Dec.
Dec.
.55,079,859
Saratoga.
Icjieueeladr
Schoharie
fji^Jlef
1,227,981
2,7u9,000
1,945,502
3,705,297
2,596,284
1,881,186
1,901,750
758.695
3,465,236
816,472
1,470,103
6.113,976
Inc.
59,077,665
13,547.967
12,246.030
21,993.926
12,605,924
8,992,946
5,995,397
13,884,953
24,165,635
23,840,125
17:633:229
5,106,583
10,932,601
11,586,442
23,017,006
$7,4-^4,06l
Inc.
Sf^ela^r
»"CH'"'""'
,
Pers'l prop'u.
gnt'ens
KIchmond
\
Heal Estate.
1 897',562
8
110840
231 150
1,054 165
1.532 660
816 175
1,382 914
663;375
2,044331
991570
"5458^5
3
5:271:825
145 4>7
975078
1.13«'980
2 532 620
valuation of the property of the elevatei railroid companies
was nearly $3,003,000, and the city has taken property worth
nearly $1,000,000 for the bridge extension. The valuation of
personal property has steadily declinei for several years. Five
years ago it was §32,000,000.
Baifalo, N. Y. (State and City Supplement, pa^e 45.)—
Sealed proposals will be received by Comptroller Gavin for
$100,000 of Bufi'alo city refunding bonds until Tuesday,
September 30 1892. These bonds will be dated October 1 1803,
and will bear interest at the rate of three and one-half per
centum per annum, payable semi-annually on the Ist day of
April and October in each year, at the ofliceof the Comptroller
in the city of Buffalo, or at the Gallatin National Bank in the
city of New York, as the purchaser may elect. The principal
will be payable at the same place on October 1 1913.
The
bonded debt of the city of Buffalo on the 1st day of September 1898, less bonds held by the city in sinking funds, was
$11,356,020 05. The assessed valuation of the taxable real estate of the city, by the rolls of the year 1892, is §183,234,870.
Cliannte, Kan. An election will beheld inChanuteon September 13 to vote on the proposition of issuing bjnds to the
amount of §4,000 for the purposs of building a city hall.
—
Colaiubns, Ohio.— (State and City Supplement, page 78.)
call No. 11 has been issued by City Auditor D. E.
Williams and it designates by name an i number 6 per cent
—Bond
street
improvement bonds
J^l^^r:::::::::
ffi^-::::::::::
^"••s
^Xtt
2l^l^il^
JS§
_jgf^}£
»3,526,645,81S
*152,909,460 Inc.
to the
amount
of §321,303.
The
by draft on New
York or check on the City Treasurer, as the Auditor may determine. See advertisement elsewhere in this issue.
Columbus's street improvement bonds, all of which bear inter$405,095,684 terest at the rate of 6 p. c. have been issued at various ti mes and
called bonds will be paid
||
jliS
,
on September
15
Septkmbicr
Tliey are
amounts.
in rarioiH
THE (JHRONICLK
10, 1802.]
all
subject to call at the op'.ion
of the city after one year from their date of insuo and are payable by special assessinonts on the propM-ty beuetltted by the
improvenifnts for which tliey were authorizi'd. The amount
of these bonds outstanding on
The
last
ne.\t call will
March
31 1802 \v.»s $3,123,700.
probably be isuod on March 15 1893, The
one bore the date of March 15 1893.
—
Six por cont bondiof thin place to the amount
arc uiilcr coisideration, the bonis to be of the
douomiuation of iJil.ODO each an i to run 20 years from date of
fordole,
cf
(3a.
?1().(»00
iiSUC.
Dulnth Independent School Di4r let.—(State and City
SUPPLEMKNT, paxo 103).— Bi Is will b^ receive until Si-pt. 17
bv the Clerk of the Boird of Education, Mr. H. W. Pearson,
1
bonds of the Iniependent School District of the city of
Duluth, Minnesoti, amounting to $103,000. The bonds are to
for
the derioaji;mtioa of $1,000 each and nu nUered
be
from 1 to 100 inclusive, dated Sept, 1 1893, to run thirty years,
with interest at the rate of 5 jier c<»nt per .annum, and will
each bear si.tty semi-annual coupons of $25 each, payable on
the first days of March and September in each year. Principal and interest are payable at the American Exchange National Bank in the city of New York.
The bonded in lebtedness of the district is $494,000, exclusive of this issue. The assessed valuation of the district for
1893 is $13,609,931. The present bon led indebtedness of the
city of Dulu'h, which is includel in this district, is $1,276,650
and the present bonded iniebtedness of the village of West
Duluth, which is also included in the district, is $351, .504.
i-i8ue<l in
Duval County, Fla.— It is reported that the $175,000 of
Duval Ct)unty bonds recently advertised have been awarded
to A. W. Knight at lOlSg. The loan bears interest at the rate
of 5J2 per cent and matures 30 years from date of issue, with
the privilege of a 20-year extension.
Erie, Pa.— (State and City Supplement, page 67),— City
Comptroller G. F. Brevillier writes the Chronicle that the
time of payment of the $61,0)0 of 7 per cent Erie water bonds
issued Sept, 1 1872 and due September 1 1893 has been extend-
NEW
NEW LOANS.
8600,000
481
ei to January 1 1894, with inter.>Bt at the rate of 4 per cent
per aDBum, most of the bonds remaining in the hands of their
former ownerf.
Farmln^^ton, Wnsli.— The citizens of Farmington have
vot'^d in favor of issuing bonds for a ' ystem of water-works.
Garllold, Wash.— Tho people of Oarfleld will vote at the
coming election in November on the question of issuing;
municipal bonds. The amount pro|)osed is not stated.
Greenville, 0.— (State atd City Sipplement, page 80.)—
The City C luocd of Greenville has decided to isi-ue water
works bonds to the amoun i of $80,000. The loan will bear interest at the rate of 5 per cent and will mature 20 years from
date of issue.
Harrlngfton, Neb.- It has been proposed to issue bonds for
water-works, and a petition has tieen drawn up a-tking the
Town Board to caJ 1 an election for the purpose of voting oo.
the question.
Jamestown, N, ¥.—(State and City Siipplement, page
48 .—City Cle rk James G. Barker writes the Chronicle that
tlie proposed issue of Jamestown sewer bondj will probablj
be voted on during the next month.
The tot -J debt of this city on December 1 1891 was $.30,00a
and not 8130,000 as the figures in our May Supplement read.
Lanaconing, Hd. The election which is to decide on the
question of issuing water bonds to the amiunt o' $40,000 has
been postponed to September 18. It was first announced that
the vote would be taken on August 30.
—
Lima, 0.— (State and City Supplement, page 80).— The
Council has voted to ask the next Legislature for
authority to issue sewer bonds to the amount of $50,000.
LonisviUe, Ky.— (State and City Supplement, page 153,.
The issuance of bonds to the amount of $50,000 for the construction of th9 Kentucky Street viaduct has been approved:
by the Mayor.
Maiden, Mass.— (State and City Supplement, page 27.)—
The water board of Maiden has bsen authorized to issue bonds
to the amount of $30,000, for the purpose of extending thecity's water works system.
f^' For other proposals see next page.
Common
NEW
LOANS.
CITY OF BROOKLYN INVESTMENT BONDS N. W.
BONDS.
FOR SALK.
DEPABT.>IENT OF FIXAN'CE,
COMPTKoiLEK's Office,
LISTS
.>Icmber«al the
Tiz.:
$200,000
BANKERS.
NEW YORK,
CHICAGO,
Kew York and
Boston Slock
Clerelan'',
30 year
48^
lOyear A%<i^
•
SOyear
os.
-
SOyear
5s.
20-year
Ss.
•
20year
58.
Topeka, Kan.,
Cage Co
DEALERS IN
$200,000
COMIWERCIAL PAPER.
Hcgi»tered.
• 100,000 payable January
$100,000 payable January
Neb.,
,
OuialiA, Neb.,
Three and One-IIalf Per Cent School Building
AND
Minneapolis,
•
1911.
ALSO
Bonds.
B08T0!»»
OFFER
ON APPUCATION.
Exchangea.
Three and One-Half Per Cent Permanent Water
1,
Co.>
1
The undersigned will receive sealed proposals at
this ofllce until Tuesday. Sept. l;i. ISSW, at la o'clock
ntion (at which time tney will be opened), for the
purchase of the whole or any part of the following
Loan Bonds. Kegtstered.
Pajrable Jannary
&
Harris
City IUll, Buooklvn, August 31,1892.5
Kwu,
LOANS.
1,
1,
19tS.
1019.
$200,000
Three ftml One-TIalf Per Cent Twenty-sixth and
adjaceut Wards Sewer Bonds. Registered.
111.,
Decalnr,
&
Blake Brothers
$100,000 payable January
8100.00U payable January
1, ]»15.
1, 1916.
Uudertlio provision* of Section 4, of Chapter 357
af tlio T,;i\v^ f 1H02. (t» of the abore hoi>d» are expini
i.n by the City of Bruoklyii and
M
-jccept for State purposes.
\\iliase money to be made Sept. 16,
l-^y.:..!.; .;.,,... ,.,ac the bondKwlll be dated.
Interest
pavHtiie JiiDuary and July of each year. Prouosals
nai«t 8tat« the price offered, the description of Donde
dcBlred, and be endorsed " Proposals for Bonds."
The right is reserved to reject any or all bids not
deemed ffr the interest of the city.
Ashland, Wis.,
Aurora
.
38
r
STATE STREET, BOSTON.
NASSAV STREET,
S
Co.,
NEW YORK.
•
111
20-year Ss.
•
10-20-year 58.
-
,
Knoxville, Tcnn,,
Lawrence
Co., 0.,
St irk Co.,
0.,
30-year 5?.
•
13-year 5s.
8-year 5s.
.ttenominee, Mich.,
8 year 6s.
Shelby
8-yrfar 58.
'
Tlieo. F. JACK?SUN, Comptroller.
City
$50,000
of Omaha,
5 PiiB
=
CITY BONDS
APPROVED SECURITIES
FOK INVE^^TORd
FOR 8ALK BY
FISHER & SHAW,
Frankfort, Ky.,
Neb.,
BO.SDS.
$5^000
AND
OTHEll
CENT SEWER
Denver, Colorado,
5
Mortgage 4
&
4ISouthlCalvert;;Slrecl,
BALTinonE, IHARYLAND.
flNCIN.XATi. OHIO.
1-2
Per CentUold Bonds.
OLE JULY,
Principal
George Eustis & Co.,
BANKERS AND BROKERS,
IINVESTMEXT BAKKERS,
Ist
lor npocinl clicular sItIue deicrlplion ol the nbove bunil. and price.
Rollins
Sons,
36 WALL STUEKT, NEW YOUK.
20-year 68.
-
Lehigh Valley R'y Co.,
OF XEW YORK,
PER CENT SCHOOL BONDS.
H.
•
S30,000
Write
E.
Co., Mo.,
PRICE
AND DATA ON APPLICATION.
O. H.
T'J
dc
1910.
and Interest Guaranteed by the Leblgh
Valley KR. on each Bond.
WHITE &
74 B'wnr.
KEW YORK,
Wm.
CO.,
nierehnnts' Nat. Bk. Bdr>
.TACO.MA,
F'isher
&
W A»H.
Sons>
BANKERS AND BROKERS.
•ii Booth street,
BALTinORE,
RID
THE CHRONICLE.
432
Menominee, Mich.— (State and City Supplement, page
Niagara Falls, N. T.— Sewer bonds
were offered for sale yesterday.
violate."
The City of Minneapolis is restricted m all legislative acts
authorizing the issue and sale of bonds, and is required to keep
.
vrithin the following limit
" From the total issue of all city bonds shill be deducted
the total amount of funds and securities in the sinking fund,
and this balance shall not exceed five per centum of th^ aggregate value of the taxable property of the city as assessed
and determined for the purpose of taxation."
Newarb, Ohio.— (State and City Supplement, page 81.)—
Orlando Miller, City Clerk, writes us that the $10,000 of electric light bonds of Newark, 0., were awarded on Sept. 5 to
Messrs. Seasongood & Mayer at 125, this being the highest
The bonds bear interest at the rate of 5 per cent and
bid.
will mature $1,000 yearly, beginning Sept. 5 1893.
Newton, Mass.- (State and City Supplement, page
The following
28.
—
of the bids received for the $100,000)of
Co.
4 per cent water loan bonds due 1938 B. L. Day
105'815 N. W. Harris, 105-417 Spencer Trask
Co., 105-37;
Estabrook,
Blake Bros.
Co., 104-15; Brewster, Cobb
is
a
list
&
:
;
&
&
;
&
NEW
NEW LOAN.
Passaic Coanty, N.
DOCK IMPROVEMENT
5?.
Price and Particulars on application.
lis Dearborn
Street.
&, CO.,
MEW YORK,
'i
Wall
THE
Investment
Lewis
130
E. H. Rollins & Bona
Brewster, Cobb & Co
Gay & 8 tan wood
80
Springfield,
0.— (State and City Supplement, page
6E0. H. LEWIS,
President.
Tonawanda, N. I.— (State and City Supplement, page
Village Treasurer Louis Grueu writes the Chronicle
that the street improvement bonds to the amount of $143,000
54.)
—
to
SiO.OUO.
ST. LOUIS.
SAM'L
destined to be the great Manufacturing and
merclal Center because It has
The Largest and Safest Harbor on the Paolffc Coast
The Greatest Area of adjacent Agricultural Land.
The most Magnificent Forests of Timber in the world
The finest Natural Town Site and Water Front
Immense Veins of the Best Coal in the West which
produces a coke equal to Pennsylvania. Iron, Silverlead, Gold and other ores. Extensive Quarries
of
Blue Sandstone for building purposes. Valuable information can be had of
THE FAIRHAVEN LAND COMPANY,
FAIRHATEN,
WASHINGTON.
QATLOBD,
Mortgage Loans
IN
HIQH
QRADE MUNICIPAL BONDS
A SPECIALTY.
Geo. M. Huston & Co.
BOND AND STOCK DEALERS
We
buyand sell outright all Western
Bonds and Stocks.
cheei fully furnish full and reliable in-
We
Municipal
formation concerning any Western security without charge. iVontliiy quotation circular mailed to all applicants,
New issues of municipal bonds wanted.
305
PINE STREET,
ST. L017IS,
NO COMMISSIONS charged borrower or lender until
& Co.,
143 Superior
8t.,
•KENNETH.'
Robert Koons
&
Co.,
STOCK BROKERS,
432 Library
PblladelpUa.
Street,
Issue and mall upon application bi-monthly quotations of inactive stocks and bonds, and weekly
quotations of all financial companies of Phila.
Correspondence
solicited.
Investment Securities
BOUGHT AND SOLD BY
Cleveland, Oblo, Perry-Payne B'ld'K
Boston, inass., Rt State Street.
New York, 11 Wall Street.
A.
T
E.
HACHFIELD,
PINE STREET,
NEliV
YORK.
WALSH & FLOYD,
G. R. Voss,
Commercial Paper,
No.
'i6
Broad
Street,
STOCK BROKERS,
AND DEALERS
BANK BDILDINO,
Omaha, Nebraska.
WALL STREET,
NEW YORK.
10
Cleveland.
T Exchange Place.
Boston.
BANKERS.
FIRST NATIONAL
Sons,
BANKERS,
MUNICIPAL BONDS.
MUNICIPAL BONDS.
Bonds, Stocks and Investment Becnrittei.
MO.
Dealers in
street Railway Bonds and other high grade investments.
loans have proven good.
Lamprecht Bros.
&
Hayes
J.
Cable Address.
TEXAS.
BOS
JNO. H. BLIS8INO,
ST. LOUIS.
WESTERN SECURITIES AND
w.
Carothers,
.
Com.
A.
Gaylord, Blessing & Co.,
BANKERS .AND BROKERS,
ABfD VICIBflTY
&, CO.,
SAW ANTONIO TEXAS.
BELLINGHAIH BAY,
THB FUTURE METROPOLIS OF PUOBT SOUND,
—
of Springfield will receive bids for the purchase
of 6 per cent bonds to the amount of $45,000. The bonds will
be in denominations of $1,000 each.
FRAWCIS SMITH
FAIRHAVEN,
83.)
The City Clerk
FOVKTH AVE., PITTSBURG, PA.
Debenture Bonds, secured by deposit o( First
Act'g Secretary.
100-35
submitted to the vote of the people, in the course of a year or
so or less. The assessed valuation ot the county is reported at
nearly $50,000,000; tax rate (per $1,000) $9 00.
Dealt In by
Jas.
100-1-26
,
BROADWAY, NEW YORK.
PITTSBURG
'
The bonds mature at the rate of $9,000 Jyearly,
J' beeinnine
6
^
August 11893.
Salt Lahe County. Utah.— Mr. J. B. Toronto, County
Treasurer, informs us that at an election held August 15, 1892,
$300,000 of 5 per cont permanent improvement bonds were
voted down. He also states that the proposition will again be
OF
Mortgage Loans with an Eastern trustee. Fiftbkn
YKAK8' SOCCISSrCL EXPIRUNCI. SEND FOR PAMPHLIT.
HOTCHKISS,
$100-67
100-27
100-41
100-13
Co
GENT
PCyT
0|Y
OIA PCD
rCIl VCn I
Is
Day & Co
&
MUNICIPAL SECURITIES
Guaranteed First Mortgages on Improved lands
n Iowa and Eastern Nebraska. Safe and Desirable.
A.
Spencer Trask
R. L.
Bid.
& Co
7 and 10 Years,
Co.,
DBS MOINES, IOWA.
W.
:
_
N. W. Harri«
Lombard Investment Co.
CAPn-AL Paid Up,
|i50,ooo.
Choice Investmento In tbe most Conservative Field In the West,
SIX PER
Salem, Mass.— (State and City Supplement, page 39).—
City Treasurer F. A. Newell writes the Chronicle that the
$90,000 improvement loan bearing interest at the rate of 4 per
cent was awarded to Blake Bros. & Co. at 100-89. The other
bids for the loan were as follows
Write for Description.
Street.
$50,000
amount
to the
PER CENT FIRST MORTGAGES.
FARSON. LEACH
CHICAGO,
county
ATLANTIC TRUST CO., NEW YORK, TRUSTEE
Amounts 810U to Sl.OOO.
A FEW CHdiCE
7
amount of
6 per cent bonds of
of $75,000 will probably be issued
in aid of the Tennessee Midland Railroad,
Amounts S300
3,
to the
J.—(State and City Supplement, page
GOLD DEBENTIIRE BONDS,
City of Sandusky, Ohio,
at
Perry County, Tenn.— Twenty-year
this
FIRST MORTGAGE GOLD BONDS,
875,000
Co.
—Mr. C. Zabriskie was the successful bidder for the $30,0:)o
of Passaic County road bonds, paying $101 55 and interest.
The loan bears interest at the rate of 5 per cent, and will
mature Aug. 1 1895.
MISCELLANEOUS.
6% INVESTMENTS 6%
LOANS.
&
Day
L.
61.)
,.,.,'
.„.
.
R.
to
105-815
Minneapolis, Minn.— (State and City Supplement, page
103.)— Bids will be received by the Ways and Means Committee of Minaeapolis until Oct. 3 for the purchase of 4 per
cent city hospital bonds maturing July 1 1933. without opThe present bonded debt of the city is $7,701,500 and
tion.
the sinking fun Is for the payment of this debt amount to
that
It is provided by the charter of the city of Mmneapohs
in addition to raising a tax sufficient to pay the interest on all
each dollar
its bonds the city shall levy a tax of one mill on
of the assessed valuation to provide for the principal of the
bonds when due. The maintenance of this sinking fund for
" declared to be
the payment of the principal of the bonds is
part of the contract with the holder of any bonds of the
city that may hereafter be issued and shall bekept in-
The loan was awarded
103'647.
special
96 )-City Clerk J. E. Soults informs us that $19,000 of
assessment and $1,300 of sewer bonds of the city of Menomhave reinee, all bearing interest at the rate of 8 per cent,
cently been sold to local investors.
*875,688.
[Vol. LV.
IN
INVESTMENT SECUaiTIBS
THE WALL STREET JOURNAL.
An
$5 a year. Sample couf
CO., PubUahers, 41 Brjad St.
uiuLuuiNi daily
vaiij
iDTaluable
tkiunuici flnanclal
tree,
DO\v J0NB8 &
,
Bsmoan
THE CHRONICLE.:
10. itaa.]
—
lulnttl.—^
LOANSRult. I'ltynbtr,.
NAME AND PURPOSE.
Bridge bond*, 99.000 each
3
J A J
'(it
3 to thn FariiUTH'
N. Y., at 106-*5. The
Heountieii orar iii'.erou lit the rate of
por c.^n' pjr anauin,
and the |:riDcipal will fall 'lue a-< fMnva $23,000 on July 1
in each of tie ve<>8 1833. 1831, i835 aaU 1896; $24,000 on
July 1 1807 and $20,000 o<i July 1 1898,
rpce'itly advt>rtis-'d Wert" awi'- l"(l OQ
.Mfciianics' D:iok, of L ickport.
S
&
:
—
f
483
do
do
do
do
.
-
SI4 J v J
H«pt. 1, WIJ
100,000
Hubjeot to calhiflvr H«pr. 1, 1002.
City Hall will
ConitoUd.loau(95,OOOeaoti)
'Wapaknnetn, O. Theciiizc>D!> have roied in favor of issuing
$20,000 uf bonds to erect a muoiipal elfctiio liKbt plant.
Prtnctjial.
•
When Hue.
Oiililnrul'o,
Jan. 1, lU'iO
$100,U«>0
eiibjc<ct to call nftor Jikii. I. lOOO,
3>g J .V J
July 1. 1021
100,000
Huhjeot t<> call »rt«r July 1, 1001.
7
J
3>« P
Sig J
J
<fc
Jan.
liHTS
1.
33.'i.000
& A Auk. 1. It'lli
lUO.UOO
l,li)(W-21>
Bastaldo trunk uwsr
900,000
* J Jan.
«2,'),000 vi-nrly. J
White Plreon, Mich.—The people of White Pikpou have FYee Aoadoiny bulldlUK
J A J
79,000
Jan. 1. 1S(»7
7
Totrd in frtviir of b inding the village to an amount not ex- Puudlng, '75 ($1,000 each) 7
410.000
Jan. 1, 19IW
J A J
Ix>oal
Improvement
3
J
July
1.
180.3
150,000
ceidinK $15,000, for wa'er-*orl<8. Village Tre^isurer John O.
J 4
Siilijeot to call on auil after July 1, 1808.
Hchurtz, vriite.-! us that the Comtnon Council has 8U.'l;e^ted
Park bonds,'88,99,000 each 3
J A J
July 1, 1928
300,000
issuini; ihe bonds, payable in 23 ynHt*, at
per c<nt, but that
J
i
Subject to call 00 and ufivr Jan.
further de.aiU have not us yet been fully decided U|i03. The
has uo nt ler dfht. Tne a«ses8^d valuation of While
Pigeon for 1892 i-i $343,900. includinc real e-iaie, $318,000,
and personal property, $130.90(1; t>ix rate (per $1,000), |14.
reports as to municipal debts received since the
Statb and City Sitppleiibnt.
and others (X>ver items
our
last
publication
Some
of these reports are wholly netv
of
of information additional to those given in the Sctpplement,
and
Gon. Val.RR.($l,OOOoa).
do
do
Rooh. N. A P. BR.
Roch. A State Line RR.
of interest to investors.
New York— Rochester
(Statb and City Sufplbment, page
58.)— A.S men'ioned la^t week, $1,0)0,003 worth of 3^ per
cent 23-53 year additional water suoply bonis will ha sold at
public auction on S'ptember 13. Tne last loin of this city,
consisting of Sj^o-Tcen' 10-33 year bridge binds, was awarded
to the Rochesttr Trust
Safe Dt-posit Company at par.
The following state n en t of Rjohesier'.-i de3t and general
financial condition has been C'>rrecte I to dite by meant of an
oflSoial report received this weelJ from City Treasurer S. B.
&
is
Mayor
of this city,
which
ASSESSED VALUATION.—The
is situ-
Title Guarantee
DKAKBORN STBEET,
ClliCUfa'O, lllH.
ITiviite Wire to
B-ULIONUI.MNLSU s CO., PUILADBLPUIA.
Hvaclal Bitenilon Kiven to oui-of-town ban!Correstfondence aullcited.
D.
&
Breese
EjcohanKe
Exoluuige
Cummings,
BANKKKt* AND BKItKEKM,
noiMKUE HTKKET,
CHICAQO
111 AN1> 113
Beonntlea Hated In
New
euTted on oonserTHtlTe
WM.
Trust
WASHINGTON STHEET.
Ofl«>ra Inveetore In real eataie aecaritiea
proiectloo aObrded by ns other ajeteia of
dalns bualneaa.
bj law to aet as Regtatrar of Btocka
and Bonda, Executor. ReoelTer and Tmatee (or
Eatatea. Syndlcatea. IndlTldoala and Corporations.
Trnat monera and tniat aecaritiea kept separate
from tbe aaaeta of the Company.
la snttaorlaed
COURESFONDENCK SOLICITKD.
OFFICERS:
&
Trust & Savings
Bank.
CHICAGO, ILL.
Illinois
CAPITAL AND CtURPLUS, - S.3.-^.'>n.00e
INTEREST ALLOWED ON DEPOSITS.
Tbls Bank
SELLERS,
John DeKoTen,
Samnel B.
CUICAGO, ILLS.
W.
A.
Jobn
C.
OoDdy,
W.
Oreen.
Herman
CHICAGO.
Sdaon Keith.
Oeo. M. Botraa.
:a. H. SaUera.
CHICAGO,
OOBRBSPONUEMCB SOLICITED.
Cahn
ItM
&
Straus,
BANKERS,
LA 8ALLK HT.. CHICAGO.
&
Co.
O. B. Shtpman,
Wm.
Draka^
H. Held.
John
J. MltctaeU>
J. C Mo.MalUii.
J. Ottden Armoot'
Fradertok T. Hsakell.
The Jennings Trust
I8S
DEARBORN
ST.,
Co.,
CHICAGO.
CAPITAL, PAID UP,
SURPLUS.
-
-
-
$500,000
$40,000
-
Takea entire oharKe of
Aou
aa
and tbe payment of oonpona,
dlTldenda.
Intareat
and
Antbortaed by law to reoelre and exeoata
tmata of every obaraoter from ooorta. oorporatlona
A legal
depoaltory for oonrt and
tmatfonda.
INTEREST ALLOWED ON DEPOSIth of mona
may ba made at any time and wltbdrawn after
irhloli
•va daya' nottoa, or at a Hzed data.
ILL..
&
In ttaa CItV
eatatea.
agent for tbe retttatratlon and tranafer of bonda and
and tndlTldnala.
Street,
Fred. G. Frank
TRUST FUNDS AND TRUST INTBSTMENTB
Bro.
LOCAL SECURITIES A SPECIALTY.
tt9
B. .M. Chattell. Aas't Caah-r
DIRECTORS
JubnB
NEGOTIATES OROUND RENTS
Schaflher
100 WaahlDrton
Ezctaans*.
Second Vlce-Pre.ldenl,
U. Reld, Third Vloe-PrealdeBt
Caah'r.
Wm. U. Mitchell,
Wm. O. BIbbard.
Chloajio.
[John P. WIlaoB,
A. M. Penoa.
COMMERCIAL PAPER,
SOLD.
Wm.
U Z. I.elter,
Ctaaa*.
BANKERS,
INTESTMEIVT SECURITIES
Member Chloaco Stock
h I.KtiAL.
II. .vlltcnBll.
Jobn MoCalTery,
itoeka
BOUGUT AND
is
B. Drake, Vice-President.
Wm.
James B Olbba,
Vloe-Praaldent.
COUNSEL:
Vhlemca Meourttlee Boacht and Maid.
8T..
IiiinniH,
STEWART, Secretary.
CHAS. R. LARRABEB, Treaaorar.
Oeorire C. Walker,
John O. Sbortall.
111-113 LA I4ALLK 8TKEKT,
DEAKBORN
uuder the Jurmdictlun and
A.
D1BSCT0R8:
OwTUD Oarnett,
Chaa. W. Draw,
W. T). KerfiKit,
John P. WUaon.
BANKERS,
lis
directly
la
•aperylalim of the Btnte of
Prealdent.
A. H.
ARCBIBALD
Co.,
Henry C. Hackney,
and tax
real estate being
.
York, Boston or Ctaloaco
A. O. Slaughter
city's assessed valuation
DBPOSITORV for Court M.)Ti«y», siid Is »utn.4rliw1
CO act aa TRUSTEE. E.XECUTOil. IIKCKI VBR and
400,UOU AS8IONBB for ESTATES. INDIVIDUALS and
CORPORATIONS.
OFFICERS:
ODARANTEES TITLES TO REAL ESTATE.
John J. Mltcbell. Presldeut.
mtirtrlns.
8LA(7QHTER, Member N. Y. Stock Bxctaaii«e
V. BAKER, Member Ctilca«o Stock Exoliwwe
OOO.OOO
20.000
3.182,000
1800
1903
3'40,000
•nrplna
Oepaalied with State Aadlior.
GWYNN OABMBTT,
A. 0.
&
Ca»ilaL »ald-a»
tl.BOO.OOO
Undivided eamlDsa. Ineladlag
LAB. WORMSEK. NEW TUKE.
FLOWEK * CO.. NEW YORK.
BansB. Member New York Stock
M. ClTMMUios, Member Chloatio Stock
04 Ac 9«
18it3
CHICAGO.
Company
V'*,
1893
l."iO.«(IO
gee next pace for contlnDatlon of debt cbaaxea.
OF CUICAOO,
ChloiM<o Stuck Rzchauxe.
'
l(M):i
for collection.
CHICAGO.
Members New York Stock Exchanse,
J. B.
7
40.000
72.000
yearly.
Jan. 1,
Feb. 1.
Feb. 1.
Jan. 1,
Jan. 1.
rate Tiave at different p>eriods been as follows,
assessed at from 60 to 80 jier cent of actual value.
gr
Jamieson & Co.,
STOCKS— BONDS,
187-189
7
ii<1.0(X)
U
ated in Monrce County.
CHICAGO.
A 'i
& J
F*A
P A A
J A J
J A J
INTEREST—With the exception of theOlty Hill CommlMlonfrt'
loan and the Rochester Nunda A Penn. RR. loan (which are pnya'ile at
the office of the CHty Treasurer, Riioiiester. N. Y.), all bonds nud later
est are payable at the oincr uf the Union TTiiitt Co. of New York.
TOTAL DEBT, SINKING FUNDS, ETC.-The subjoined state
ment shows Rochester's total boudod debt, lurlidlnK the watordebt
on the Ist of September 1892, and on each Uth of March for tlie last
three years.
Sept. 1892.
.V-A. 1892.
Ueh. 1891. Mch. 18.10.
$6.23l,0;)0 if->.ti:u. i03 $\is:», »iO i(i>.:JH,iHW
Bnndeddebt
:i.^l.',000
3.")9 ;.»'<'>
3,182,000
3,592.009
Water debt
Oenesee Valley Railroad loan Is provided for by excess of receipts
E. A W. RR. after interest on the loan is paid.
from lease to N. Y.
Arsenal site loan is provided for by $1,500 received annually from
the County of Monroe for rent of Arsenal.
Local Improvement fiiudlug loan is provided for by unpaid assessments on ordinances, rolls for which are in the hands of the Treasurer
Wi'liaras.
Hon. Richard Curran
rJJan. I,'93tnl902i
J
J
6
6
.77
80I100IN0. 5
Water workK, 1873-76
STATE AND CITY DEBT CHANGES.
We subjoin
1990.
1,
Railroad loau»—
villai;e
ra kept aaparau and apart from ttaa aaaau of the
Company.
WAsUINGTttN HTRKKT, CUICAOO.
Correapoodenoe
liiTlted.
A GeaermI Bankinc Bunlarae Traoaacted. ATLANTIC JIL'TU\L INS. CO. SCRIP
Dealt IB bv
nBSTMORTOAGBIXJANSON IMPROVED CITT
REAL B9TATE FOR SALE.
AITGIJSTIJS FLO¥I»,
lUmbtn of Ui* 0Uga(9 Weak EMkvw*VIM» DTitSKT, NSW VOUti,
M
I.
B.
WALSH. PraaldenU
H. HULBURD. TIea-Praaldant.
niANELlN UATUEWAY. Secretary.
BAMUBL D. WARD. Traaaarer.
CHA&
IiTMAB A. WAJ;.T0H,
CmUW
THE CHRONICLE.
431
Tear$.
Seal
Pertonal
Estate.
Property.
6,609,303
$96,543,650
03,806,150
1892
1891
1890
1889
1888
1887
1886
1883
1880
POPULATION —In
89,366; iu 1S70
it'
PAR VALUE—The bonds are for $500 and $1,000.
FREEDOM FROM TAXATION-All bonds are exempt
Hate of Tax
per $1,000.
$15'26
M&8,
5s,
M&N,
r>s,
J&J,
;
;
TOTAL DEBT, SINKING FUNDS, ETC.-TUe subjoined statoment
total bonded debt the slnkiui fund held by the city
against the same, and the water debt, on the drst of July of each of
the last tiiree years.
•hows Norfolk's
J«iu 11892.
Tot.b'ud'ddebt(ino.waterd'bt).$3,068,798
Sinking funds
184,937
;
Nebr.iska— Don liis Con-ity. (State and City SctppleMEST. page 118)— Thf following dstiiil^d stitiment of ttie
Hnincial condition of D m^las County hus been rec^ived
this w^ek fron H. B. Irey. Coumy Frea-urer.
As mentioned last week in this D'pittnaen'. adJiional bonds to
the amount of $6.53.000 will soon be offered for sale.
The (bounty
seat
is
LOANS—
•
5s,
5s,
GORRBSPONDBNCB 80LIC1TKD.
An^fus Mackintosh. Pres.
Wm.
J&J, $268,000
J&J, 158,000
I
Abrani Barker, VIoe-Pres.
T. Wlokware, Cashier.
Surplun, rtc, «4U.OU0
luterest-bearintf Certlflcatea ofDepoHft.
8i-.iOO,000
Superior Collection Kacllltles.
Correspondence Solicited
Merchants Nat'l
Bank,
»t,000,OII«
JAB. HTBKL, VIoe-Pres.
LOBWBNBBRG. Pres.
I. A. M ACRDM. Cashier.
SIGHT EXCHANOB AND TELE
GRAPHIC TRANSFKRS, and igSlTKS LBTTKRi-
J.
SELL"*
mNNEiiPOL,IS, miNNESOTA.
of
Bods Kouk.
COLLECTIONS MADE on all
Rsml EHtate Loann. timely Uepoatt Vault*.
Acts a» Exe/utor, Trnacre and Gnardlan.
DBPOSITORY FOB WILLS.
P. O.
BOX
PAID-UP CAPITAL.
:
l,angdon,
A.
K
Kelley,
W.
o!
^"- "- DuiiwDody, C. G. Ooodrloh, ChM.
."li.,"'?''PUl«ba ry, A. U. Linton. P. B. Wlustoa.
A.
H. Wood
S.
&
Certificate of Depiinit. runninn
yeirs. Interest and Principal payable al
the Merchanu- ExchauKe Nat. Bank, New Yurk City
This Certificate hns a coupon attached, which can
be cut off when due. and presented to any Bauk fur
payment, the saiue as a New • ork Draft.
most
Co.,
A
convenient mode of investing your surplus money.
Write lur a copy of the Certificate.
A. BBiuoMAjt, Casb. Gka-ttam H. Wbkklkr. Prea
I.,oan
TACOIBA, IVASHINGTON.
(OLDEST BANK IN THE CITY.)
Interest Paid on Time Deposits.
Bollding,
miNivEAPOLis, nonv.,
Dealera In the blithest class of Minneapolis Serarl-
tee.
Bauk
St<«:li», ,Mi,rtKat(e»
and Bonda.
C"»»t«i
sarpluD and Undivided ProBts
Correspondence
COKKKHPO.NDKNCK HOLICITCD.
W. H. Howcott,
INVESTMENT BANKER.
Appralirr
KO.
ol
IB-J
MBW
CnmMON 8TRKKT,
O&LKAIIS.
I.A.
HENRY CHAIVDI.ER A
WALDKON SHAPLlilUU,
Chemical Engineers and
Consulting Chem sts.
WII.E.IAm
New
Cberatcal Industries Investtfrated.
Prooess^s
Rxamtned. Plans and SpeciUcatiims ol Works FarAlso Yearly Contracts for Gousultatluna.
Qisbed.
&.
9% MO
Broadway, New York.
O. Osgood,
Jos.
M. Am. Soc.
C. E.,
CO\$UL.TIIVO EIVOIXEER,
120 BROADWAY, NEW YOKK.
Makes specialty nf reports ou railroads and otber
iDvuHtiuuut proi>erties.
Kxaminatioua made la any part of the ooontrf
Jos. C. Piatt, C. E.,
conrsvL.Tiivci eivghvegr,
UrATEaFOKD, N. Y.
SKamlnatlona nnd Rnvorta tor
Collections a specialty.
fnT*at*irtt-
WM. FRANKLIN HALL"
.OOK8
AOOOUNTANT audited
dealtmed for booki of aocoimt.
Settlement of Inaotvent BataUM,
418 Kzohanse Bnlldlns, 68 8tat« Street BoatOB.
The Mutual Benefit
LIFE INSURANCE CO.,
4MZI DODD,
.
NEWARK,
....
N. J.
Praaldwit.
<Meu (Market Values), Jan. 1, 18S2.. .M8.BW S78
IJabilltlea (N.r. and
-larplas
,
surplus, by former
06
Mass. dtandardi.. 4S,3»t,486 00
The
First National Bank
OF SAM FRAIHCISCO, CAE.
UNITED STATES DBP08ITABT.
8. Q.
J
si.SrHi,7vi
.
.
.
.
.
.
MPRPHT. Preildent.
AMU Mo»»iTr, y..PTn.
«i,SOO.OUI'
srau.ooi
B, D. Morgan. Caablei
Q. w. KLufi, AMt. Caih
OKMBRAL BAHKIMQ BUHINEHH.
AOOODNTS 80U0ITKO.
POLICIES
Ot
N. Y. Standard,
(Am. Ex. 4M per cent Keservei
Lands. CAPITAL.
MURPLU8.
Sauihern Land Valaea.
solicited.
a-iso.iioo
SlOU OtiO
SAN FRANC ISCO.
Healer In
Timber
37,645
.
BIOH-URAOK IX)AN8 EFFKCTKD.
Southern
25
16 70
$t(
l.>8,008
MISCELLANEOUS.
H«w f ormi
Merchants National Bank
INVESTMENT BANKERS,
(inarantee
S-.OI0.IMI0.
CentCoupon
One or Two
DIRKC-l'OR8.
Bamnel Hill, President Tlioma» Lowry, First VloePresldent: H. K. Brown, Second Vice-President;
p»nlel Bawett. Tblrd Vice-President; Clarkson
LIndler. Secreury »nd Tremiurer; Isnac Atwater.
rt.
TACOMA, WASHINOTON.
Six Per
..$20,949,74 J
aooesslble polnu.
Commercial Bank,
1,000.
Cable Addre»"Trn«i" IMInneapolU.
J»i. J. Hill. K.
CRKDIT available ihroUKhout the United Stutet
BILLS OF BXCHaN(4B on Lundoo
UKAW8
Liverpool, Dublin. Paris, Berllu, Frankfort-on-theMain, and all the principal oltlesof Europe; also on
CAPITAL,, $500,000.
.
July 2. 1 907 State tax (per $1.000)
July 1,1911 County tax (per $1,000)
Populaticiu 1890 was
Population 1880 was
Kooma 97
Paid Capital
Minneapolis Trust Co.,
real.
I
PORTLAND, OREGON.
MINNEAPOLIS.
Tax valuation,
Interest payable in New YorK City:
Bonded debt Sept. 1 '92... $346,000
Hf .%SIIIX«T«N.
0N1TKD STATES DEPOSITARY.
Capital.
Due.
Tax valuiition,(ier<oiial 4,790,109
C CRT House Bonds—
Jan. 1,1901 Total valuiitiou. 1S9J. 25,739,H51
J&J, $120,000
Rrfondino Bonds—
As^essnieut aiiout 1-5 actual value.
6s,
OF "SKATTLK,
re&mlar Tlanklnir BiitdnesB Transacted. Aooonnte
of Banks and Ban liprs. Mercanttleand Mannfactniinff
FiriuH or <'-«>rporation8. received on favorable terms.
Forelim Kxchaiive Bouirhi and Sold. Commercial
and lYnvptpra* rreditt*. available In all parts of the
irlobe. Issued. TeleKraphic Transfers made wtth all
SttidDal Knrooean and Domestic Points. United
ates and other tlrst-class Investment Bonds dealt In.
Omaha.
Wh^n
Merchants National Bank
A
20
aisesed valuation of real and personal proi)erty.
ASSESSED VALUATION—The city's assessed valuation (about \
of its cash value) and tax rate have been as follows
Ileal
Personal
Total Assessed Total Taa
Estate.
Properti/.
Tears.
Valuation, per ^1,000
1892
$1 8,942,600
$2,369,090
$-.iI,311,(i90
$21-00
17,089,810
2,234,170
1891
19,2-24,680
21-00
12,689,425
1889
2,078,100
14,747,583
2200
12,094,205
1,642,820
1887
13,737,025
(I)
In
1890
population was 34,871 in 1880 it was 21,
POPULATION—
966 ; in 1870 it vras 19,229.
tlie
Union National Bank,
Marplns,
$2,672,898
150,000
DEBT LIMITATION— The city's debt is limited by its charter to
per cent of
PACIFIC COAST.
«2,000,000
700,000
J'iiii/11890.
$700,000.
$50,000{con.)May, 1915
oo,oooicou.)iiav, 1921
CHICAGO.
11891.
$2,732,798
J^kJ)/
Net debt
$2,883,861
$2,522,898
$700,000
Water debt
$647,000
$640,000
The sinking fund receives yearly $20,000.
CITY PROPERTY—The city owns real estate valued in 1892 at
CHICAGO.
Paid-up Capital.
olty
INTEREST on $500,000 8 per cent water bonds, wbleh are secured
by a mortgage on the city water works. Is payable In New York on
$207,700 coupon bond.s lu Baltimore and on all otlier bonds In Norfolk.
was 62,386.
$7S.000(cou.) Jan., 1894
77.000(cou.) Jau., 1899
202,700(cou.) Sept., 1900
J&J,
J&J,
from
titx.
15-97
6,134,250
15-20
5,937,950
88.(153,750
15-93
5,397,150
82,800,100
16-38
4.108,000
78,.504,025
16-45
4,529,000
72,860,900
15-22
3,345,000
72,171,975
27-65
1,817,200
36,166,200
23-86
1,430,144
34,408,725
1890 population was 133,896; In 1880 It -wag
TIrsflnfa— Norfolk.— (State and City Supplement, page
149.)— The following statement of Norfolk'* municipal indebtedness and general financial condition has been corrected to
date by means of a special report which City Treasurer W,
W. Hunter has sent lo ihe Chronicle.
Mr. A. B. Cooke is Mayor of tbi* city, which is situated in
Norfolk County. Sine the first of this vear Norfolk has sold
6 per ct-nt b >nds maturing in 1922 at 10: "75.
I'^"" ^»<'- 6s, J&J,$115,400(con.) Jan., 1914
LOANSWMaHKKT HdfTSE B'LD'G & SITE— 6s, A&O, 298,000(cou.) Oct., 1914
Apr., 1911
Sept.. 1919 5s, A&O, 320,000
6s, M.^-8, $75.000
($305,000 cou. and $15,000 reg.)
(*15.0()0 coup, and .fSO.OOO reg.)
Jan., 1912
Nov., 1920 5e, J&J, $91,000
Bs, MAN, $70,( 100
(.$72,500 cou. and $18,500 reg.)
$6(>.500 coup, anil $3,500 reg.)
June,1913
58, J&D, $110,000
PAVINO ANIXiKV. PURPOSES($104,000 cou. and $6,000 res.)
88, J&J, $189.3(10(cou.> Jan., 1893
27,r)00(roK.) Jan., 1894 5s, M&8, $96.500(cuu.) Mar., 1922
«s, J*J,
Street Boxds—
38,O.50(rp(.'.) var., 1900
68, var.,
40,0<)0(cou.) Jan.. 1914 6s, var., $23,348 ('eg.) var., 1900
5», J&J,
Mar., 1922
M&S,145,.500
.30,000(cou.)
Oct.,
1914
58,
A&O,
5s,
55,000(<!im.iMa.v, 1916
($5,000 cou. and $140,500 reg.)
»s, MAN,
Ward Bonds—
($42..'>00 oomi. and $12,500 wg.)
$7,000(oon.)Scpt., 1919
58, J&D, $14,000(cou.) June, 1916 58, M&8,
4,000(reg.)Nov., 1920
Sept., 1917 58, M&N,
5s, MAS,
37,500
May, 19 Jl
($27,500 coup, and $10,000 res.) 58, MAN, 20.000
cou.
and $5,000 reg.i
1917
($15,000
Dec,
68, J*n, .$35.000
($15,000 coup, and $20,000 reg.) 58, F&A, $20,000 oou.)Feb., 1922
Water Bonds—
June. 1919
Ss.J&D, $70,000
May, 1901
($31,000 roup, and $39,000 reg.) 8.x, M&N,$.500,000
Nov., 1920
($189,000 cou. and $11,000 reg.)
5s, MAN, $79,000
May, 1914
($66,500 coup, and $12,500 reg.) 58, M&N, $90,000
Rknkwai, BmNDS—
($69,500 cou. and $20,500 reg.l
68,
63,
68,
[Vol. LV.
6,137,ti00 06
^BSOLUTKLT NON'roBrisnABLi
Arm
BKCU.VD YIAB.
IS 0A8I or LAP8I tbe Policy Is co>rTiN(7iD in roROI
is Ions as Its raiue will pay for; or. If preferred,
Pald-ap policy fonts full value is issued Inezcbanjte,
A.ft«r the second year Policies are l.vcolfTEHTABLB,
except as avalnst Intentloral [raad; and ali rmtrietons at to residence, travel or occuvtitiftn are remnvsd.
CASH LOANS are made to tbe extent of !I0 per oent
if the reserve valne, wbere valid asaian seois of toe
.lollolet oao be made as collateral seoar.wy.
Lossaa paid ImmedlaMlr apon oompleuon and ap.
proTkl of prootL
@FedFRASER