The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
r e p r e s e n t i n g t h e i n d u s t r i a l a n d c o m m e r c ia l i n t e r e s t s o p t h e u n i t e d s t a t e s .
[E ntered according to A ct of Congress, in tlie y e a r 1894, by t h e Wil l ia m B. D a n a C o m p a n y , in th e office o f th e L ib ra ria n of C ongress.]
VOL. 59.
SATURDAY, SEPTEMBER 29, 1894.
Week Ending September 22.
© h ru ra c te .
New Y ork.........................
1894.
$
475,415,890
B o sto n ..................... .
P rovidence.......................
H a r tf o r d ........................
New H a v e n .....................
Springfield........................
W orcester........................
P ortlan d ...........................
Fall R iv e r........................
Low ell...............................i
New B edford...................
T o tal New E n g la n d ...
78,059,023
4,744.800
1.740,572
1,227.705
1,130,776
1,313.034
1,209,532
646,137
675.000
338,721
91,085,300
P hiladelphia....................
P ittsb u rg ..........................
B altim ore.........................
Buffalo..............................
W ashington.....................
R ochester.........................
Syracuse...........................
W ilm ington.....................
Bingham ton.....................
S cranton*.....................
T o tal M iddle................
63,334,100
12,823,196
14,081,855
8,843,667
1,502,976
1.224.923
841,339
741,395
316,700
723,227
98,710,151
.
Messrs. E d w a r d s & S m it h , 1 D ra p e rs’ G ardens, E . C., w ill ta k e sub Chicago............................
C incinnati,.......................
scriptions an d ad v e rtise m e n ts, a n d su pply single copies of th e p a p e r M ilw aukee.......................
at Is. e a c h .,
D etroit.......... ...................
82.049.242
11,194,150
4,850,000
5,325,032
5,055,771
2.923.000
1,622,612
1.225,460
690,046
329,861
261,386
292,927
244.351
160,784
167.509
115,882,131
T erns of Subscription—Payable in Advance :
F o r O n e Y e a r ....................... .......................................................$10 00
For Six M onths......................................................... ..............
6 00
E uropean S u b scription (including p o sta g e )....................... 12 00
E uropean S u b scrip tio n Six M onths (including p o sta g e ).
7 00
A n n u a l S u b scrip tion in L ondon (including p o sta g e )___£ 2 10s.
Six Mos.
do.
do.
do.
...£ 1 1 0 s .
The I n v e s t o r s ’ S u p p l e m e n t of 1 6 0 p ag es is issu ed ev ery o th e r
month, on th e la s t S a tu rd a y s of Ja n u a ry , M arch, M ay, J u ly , S eptem ber
and Novem ber, an d fu rn ish ed w ith o u t e x tr a ch arg e to a ll su b scrib ers
of th e Ch r o n ic l e fo r six m o n th s o r longer.
The St a te a n d C it y S u p p l e m e n t of 184 p ag es is also g iv en to ev ery
yearly subscriber of th e C h r o n ic l e .
File covers a re sold a t 50 cen ts each, a n d to n ew su b scrib ers fo r a
y ear one file cover is su p p lied w ith o u t c h a r g e ; p o sta g e on th e sa m e is
18 cents.
Terms of Advertising—(P er inch space).
O netim e........................ .
$3 50 T hree M onths (13 tim e s). .$25 00
(26 “ ) .. 43 00
One M onth
(4 tim e s).. 11 00 Six M onths
Two M onths
(8 “ ) .. 18 00 T w elve M onths (52 " ) .. 58 00
(The above te rm s fo r one m o n th a n d u p w a rd a re fo r sta n d in g cards.)
London Agents:
W IL L IA M II. DANA COMPANY., P u b lis h e r s ,
P in e S treet, N. W . C o rn er o f P e a r l S treet,
POST OFFICE BOX 9 5 8 .
NEW Y O RK .
C LEARIN G HOUSE RETU RN S.
The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, September 29, have
been $847,568,934, against $883,193,569 last week and $774,460,912 the corresponding week of last year.
Cl e a r in g s .
Betv/ms by Telegrayh.
Week Ending September 29.
1894.
1893.
Per Cent.
New Y ork................................
B oston.......... — -----------------Philadelphia..............................
B altim ore..................................
Chicago......................................
St. L o u is...................................
New O rléans......................... .
$364,872,872
59,818,078
48,520,050
9,030,032
71,265,570
15,869,960
4,891,001
$349,077,035
55,155,788
44,944,522
9,041,758
65,576,289
13,269,370
5,086,085
+ 4-5
+ 8-5
+ 8-0
- o-i
+ 8-7
+19-6
— 3-8
Seven cities, 5 d a y s .........
Other cities, 5 d a y s ...............
$574,267,563
124,007,623
$542,150,847
101,278,267
- '"+ 5-9
+22-4
Total ail cities, 5 d a y s __
AU cities, 1 d a y ..............î ........
$698,275,186
149,293,748
$643,429,114
131,031,798
+ 8-5
+13-9
Total ail cities fo r w e e k ..
$847,568,934
$774,460,912
+ 9-4
The full details of clearings for the week covered by the
above statement w ill be given next Saturday. We cannot, o f
course, furnish them to-day, bank clearings being made up by
the various clearinghouses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur
day noon, September 22, and also give the totals for the corres
ponding week in 1893. In comparison with the preceding
week there is an increase in the aggregate exchanges of a
little over ten millions of dollars, the gain at New York being
twelve millions. Contrasted with the week of 1893 all but
seven of the cities show gains, and in the total for the whole
country the excess reaches 13‘9 per cent. Compared with the
week of 1892 the current returns show a decline of nearly 27
per cent. The percentage of increase at Birmingham is 409‘5
per cent, and Akron and Spokane have more than doubled the
figures of a year ago. Buffalo shows a loss of 46 per cent. J
NO. 1527.
Sale* of—
(Stock*......... . .shares.) <1,222,926)
(Grain........... bushels.) (22,800,012)
Cleveland........................
Colum bus.......... ..............
P e o ria ................................
Indianapolis....................
G rand R apids. .................
L exington........................
Saginaw .......................• ••
Bay C ity...........................
A kron................................
Springfield, O ..................
C anton..............................
T o tal M iddle W estern.
15! 388.633
1,217,647
1,193,350
San Franclsoo..................
P ortlan d ...........................
S alt L ak e C ity ................
S e a ttle ....................... . •••
T acom a.......... ..................
Los A ngeles.....................
H elena...............................
Spokane............. . ............
Sioux F alls.......................
F a rg o * ......................... .
T o tal Paciflo................
463,356
583,030
750,957
fil 2,283
103,121
229.192
17,594,427
9 375.157
K ansas C ity.....................
8.169,862
M inneapolis.....................
4,118,467
O m aha...............................
3,411,243
St. P a u l.............................
2 591,827
D enver..............................
2,688,277
D u lu th ..............................
1 366,205
St. Jo se p h .......................
522.415
Sioux C ity........................
1,011,013
Des M oines.......I..............
417,478
Lincoln..............................
328,883
W ichita.............................
432,947
T opeka..............................
57,198
F rem o n t............................
T o ta l O th e r W estern.. ’ 34,484,972
Week End'g Sept. 15.
1893.
1894.
P. Cent •
P . Cent.
$
„ *
411,866,656 +15-4 463,120,813
+3*9
(745,897) (+63-9)
(893.003) (-22-5)
(11,280,062) (+1020 (12,519,712) (—45-1)
70,192.604 + 1 1 3
77,738.664 +1T 2
3,940,000 +20-4
4,503.000
+9-7
1,765.985
—1-4
1,786.369
+86
1.152.143
+6-5
1,358.591
+9-4
1,127.697
+0-3
1,391,871 +13-1
1,078,459 +21'8
1,195,688
+2'2
1,154.995
1,347,722 + 1 1 2
+4-7
573,935 +12 6
636,510 +17-3
654.751
+8-1
681.631
-9-1
312,080
+8 5
326,652
-9 8
81,953,058 + 1 1 1
90,966,698 +10-7
54,538.984 +16-1
63,017,250 +23-1
10,900.084 +21-8
9,627,973 +33-2
12,269,713
13,447.762
+4-7
+1-7
4,106,030 —45*4
7,112.930 - 4 6 0
1,175,8!4 +27 8
1,491.268 +26 8
1,375.759 +20-4
1,171,325
+4-5
857,112
960,790 +17-3
—1 8
670,125 +10-6
666,408
-4-1
356,500 +19-7
244,800 + 294
688.766
88,848,125 +11-1
95,143,802 +13*5
80,234,545
+2*3 82,987,404
+6 2
10,753,300
+4-1
12,496,800 + 2 6 9
3,563,295 + 2 2 1
4,906,397 + 5 3 »
4,737,096 +12-4
5,285,473 +13-5
3,938.226
5,006,996 + 1 9 7
2,887,200 +23*5
2,800,000 + 1 2 0
1,220,400 +32-9
1,651,009 +10-0
1.055.302 + 1 6 1
1,425,377 +37-7
663,598
+4.0
795.424 +17-6
198,821 +65-9
337,343 +65-3
255,593
271,860
+ 2 ‘4
—2 7
225,288 +30 0
305,497 +23-9
100,000 +144-4
180,833 +72-2
186,000 +18-2
153.733
+6-4
126.910 +24-1
150.160 +22-4
109,595,573
+ 5 7 118,754,306 +11-0
11.250.682 +10-1
13,745,631 —0-02
905,167 +34-5
1,095 147
+4-3
68O.510 +74-1
985,000 +97-0
492,627
—5'9
580,000 +16-0
347,437 +679
499,018 +47-6
602.876 +24 6
781,241
+8-0
300.000 +104-1
662,549 +110 8
180.952 +55 9
261,872 +25 4
111,194
—7-3
102,570 -0-08
239,813
14,876,445 +18-3
18,713,028
+7-1
7.653.634 +22-5
9.659.071 +21-3
5.538.660 +47-5
7,643,206 +58 2
4,879,491 —15-7
4.391,060 —138
2,668,135 +27 8
3.204,890 +31-5
1,849.449 +40 1
2,837,871 +47-1
2,852,645 +1100
1.514.573 +77 5
1,113,086 +22 7
1,142,299 - 1 7 0
591,685 + 6 9 9
367,794 +42-0
642,880 +86-3
1,017,566 +54-0
384,278
+8 6
410.263
—9 9
262,613 +25-1
' 344,458 +20-7
436.638 +23-8
266,968 +62-3
98.599 -41-9
67,079 -19-0
84,598,685 +27-3
27,140,058 +27-1
17.548.769
23.710,202 +26*1
5.851,167 +19 6
5.843.982 +12 9
4.382,705 +1.3 3
5,494,243 +30-3
2.644,027
2.205,357
+ i J-0 -5
2.009,857 + 5 2 8
3,076,062 +95*8
1.925,000
+9'8
2.133,511
+15-5
2.456,860 +3U8
2.621,388 +51-3
698,803 +91-3
1.202,735 +135-S
434,001 184-8
837,302 +86-1
746.867 +19-8
907,874 +35-2
796,900
+3 7
718,085
—7'9
715,001 + 4 1 8
950.000 +36-2
663,123
+8 0
628,657 + 1 6 9
356,611 + 8 0 4
584,176 +90-6
56,160 + 409-5
251,832 +862-7
330,000 +92 6
172,081 +72-2
180,000 +44-0
126,207 + 3 8 7
51,675,506 +29-7
40,904,139 +22-3
S t. L ouis..........................
New O rleans.................••
Louisville........................
G alveston................... .
H ou sto n .......................... j
R ichm ond....................... <
S a v a n n ah .........................
M em phis...........................
N ashville..........................
A t l a n t a ............................
N o rfo lk ..........................
D allas................................
W aco..................................
F o rt W o rth .....................
B irm ingham ....................
J a c k s o n v ille ...................
C hattanooga....................
T o ta l S o u th e rn ...........
20,771,830
6,400.796
T o ta l a ll........................
O utside New Y o rk ....
883,193,569
407,777,679
775,244,054
363,377,398
+13-9
+12-2
872,972,839
409,852,026
+8-7
+14-0
12,097,597
4.749,610
1.099,614
671,226
10.190.735
4.903,320
1.081,230
716,426
+12A
—3*1
+17
-6 3
12.095,508
6,002,139
1.136,079
657,785
+16-1
-9 -8
+4-7
-14-2
18,618,047
17,491,711
+64
18,891,511
+6*0
M o n tre a l..........
T oronto ............
H a lif a x .............
H a m ilto n ........
W innipeg.*.......
T o ta lC a n a d a
2,654,010
3,070,497
2,114,274
3,237,296
1 145,498
802.028
895,016
826,190
1,013,678
’716,392
643,328
286,111
296,40s
175,000
50,020,698
j
* N ot included in totals.
0
THE CHRONICLE.
[Vol. LIX.
In our I nvestors' S upplement to-day we print an
article showing how very large passenger earnings were
TH E F IN A N C IA L SITU A TIO N .
during the period of the Fair last year on certain rep
The conspicuous feature of an industrial character resentative roads. The figures prove that while there
this week has been some very encouraging reports re were considerable gains on that account in July and
ceived of net earnings for August, which we have re August, the heaviest additions of all occurred during
marked upon in a subsequent part of this article. Per September and October, the two closing months of the
haps the most striking is the statement of the Fair. We direct attention to that article here because
Pennsylvania Railroad. I t is striking because it of its obvious bearing on the returns of earnings for
presents such a contrast with the figures for previous current periods. For both the first and the second
months and is so clearly indicative of the great change weeks of September our compilations show sligtitly
which has been in progress since the first of August in smaller earnings than for the corresponding weeks
the general traffic conditions. If we go back to the in 1893, and the indications point to a loss
The
June return we find a loss in gross on the Eastern for the 3d week of September also.
lines of $1,620,181 and on the Western lines of $1,184,- losses are very small, having been for the first week
402, or an aggregate loss of $2,784,583, and a loss in less than one per cent and for the second week not
net on the whole system of over 1^ million dollars. The quite f our per cent, while for the third week, according
July return was much better, showing a decrease ou to our preliminary statement (covering 48 roads), the
the lines E >.st and West together of only $1,400,945 in decrease is only 1*02 per cent. Studied in the light
gross and $146,094 in net. Now for August the im of our analysis of last year's passenger earnings, these
provement takes another long step forward—so long as are seen to , be very encouraging returns. They show
to reach a gain over last year in both gross and net in that the very large falling off in passenger earnings the
place of a loss which for some time has been the present year, due to the absence of the Fair travel, has
monthly announcement. It is a fact likewise that been nearly offset by gains in the freight receipts follow
these latest figures, though they compare with a loss ing from the revival of trade, thus establishing inconlast year, do not compare with a bad exhibit. Indeed, trovertibly the fact that this revival continues actively
in 1892, two years ago, the August figures for the lines in progress.
Our London agent cables to us again this week that
East of Pittsburg were smaller in net than this year,
Germany
has been buying gold in the open market.
while even the gross was not quite 500 thousand dollars
larger. But we have given the statement below and I t will be remembered we announced last Saturday
that such a movement was in progress and that the sale
need not repeat the details here.
There is a special interest• attaching to this radical by the Bank of England of £261,000 in that week grew
recovery in the Pennsylvania's traffic. That road in this out of the same transaction. O ur special cable to-day
particular does not stand alone. The same in char also informs us that sales of gold by the Bank this week
acter are the latest New York Central figures remarked have reached the large total of £668,000. In connec
upon in another article and also the net earnings for tion with the foregoing it is an interesting fact that
August of almost all the companies reporting this the open market rates of discount have fractionally ad
week. But the Pennsylvania is such a large system vanced at all the principal centres this week. No
and so situated that the course of its traffic receipts sufficient reason has been given for more active money
all through the year have been in a marked nor for the special demand for gold on the part of
degree typical of the progress and variations in Germany. Yery likely to these facts are mainly due
the depression prevailing and are now typical of the the firmer market and advance of rates for foreign ex
recover under way. From its returns one is change in New York this week. I t is likewise a
able to see better than from any other traffic re little remarkable that the important feature in
ceipts the exceptional nature of the past conditions and our money market has been the free offerings
the speedy way in which railroad business is respond of time money at rates near the lowest of the year.
ing to the quickened industrial movement in the various There could be no better illustration of the congested
sections of the country. Besides that, there are evidences state of money here than this pressure on the loan
that the Pennsylvania road is already illustrating the sug market at this period of the year, when the crop move
gestion we made two weeks ago as to the importance of ment is at its height. At the same time banks report
the impulse trade development was likely to receive as a good demand for re-discounting for Southern cor
soon as earnings increased to the point which would respondents. The decision of the United States Su
enable the roads to moderate the economies so rigidly preme Court requiring applications for re-discounts to
practiced during past months and to resume work be made by resolution of the board of directors is not
again on repairs, equipment &c. We said then that always complied with, and only in cases where the ap
the present low level of expenditures would be plication comes from small institutions, the standing of
continued only so long as necessity enforced it. which is not really first class. In such cases the di
Recently it was announced that the Pennsyl- rectors are required to take action, but in the majority
sylvania Railroad Company has issued orders on of applications the endorsement of the president is
the Camden & Amboy division for all departments to deemed sufficient.
Money on call, representing bankers' balances, con
resume work on eight hours' time and six days each
week. During past months the machine and car tinues to loan at 1 per cent at the Stock Exchange,
repairing shops, &c., have worked only five days each with renewals at this figure, and some of the down
week, and the trainmen only half time. Again it is town banks, failing to place their money, have offered
stated that the same company has increased its order it at the Board at the current rate. Where application
given to the Ohio Falls Car Works from 500 to 1,000 has been made at the bank, however, nothing has been
per cent, and in some f e w instances
freight cars. These are evidences of a movement done at less than
j
2
per
cent
has
been
obtained, though chiefly on loans
towards an enlargement of work by railroads which
of
comparatively
long
standing and of a character
must speedily be in progress all over the country.
Se pt e m b e r
29,1894.]
which makes it undesirable to disturb them. Time loans
have been liberally offered by institutions other than
hanks, through brokers, but the demand is really quite
small. So far as thirty-day money is concerned,
there is not the least inquiry for it, as borrowers can
obtain all they want at the Stock Exchange on call.
The rate of 1 | per cent for this period is regarded as
purely nominal. Money is offered at 2 per cent for from
sixty days to four months an! at 3 per cent for five to
six months, or longer periods, which is unprecedentedly
low even for this year, considering the dates at which
such loans will mature. The volume of strictly
first-class commercial paper is greatly reduced by
the scrutiny of names, buyers insisting upon the
best if they have to accept the current low rates. The
demand for such paper is good not only from the city
but from the interior. Quotations are 3@3£ per cent
for sixty to ninety-day endorsed bills receivable ; 3|@4
for four months' commission house names and four
months' prime single names; 4@4^ for prime six months,
and 4|@6 or 7 for good four to six months' single
names.
The feature in the European markets this week has
been, as stated above, the fractional advance in the
open market rates of discount at all the principal
centers this week and the continued purchase of gold
by Germany in the open market at London. The
Bank of England minimum rate of discount remains
unchanged at 2 per cent. The cable reports discounts
of sixty to ninety-day bank bills in London 9-16 of 1
per cent, with transactions at f on Wednesday. At
Paris the open market rate is 1£, while at Berlin and
Frankfort it is 2-J. According to our special London
cable the Bank of England lost £862,218 bullion during
the week and held at the close of the week £38,711,109.
Our correspondent further advises us that the loss was
due to sales in the open market of £668,000, mainly for
Germany, to the export of £100,000 for Chili, of
£80,000 for Roumania, of £60,000 for Brazil and
£20,000 for Spain (making sales and exports £928,000),
to £51,000 sent to the interior of Great Britain and to
£117,000 imported, of which £109,000 was from Aus
tralia and £8,000 from Portugal.
The market for foreign exchange has been dull and
without specially new feature, though firm at a frac
tional advance. Commercial bills are very scarce and
the few which come upon the market are promptly
absorbed. Cotton futures continue to be held at high
figures, and spot cotton bills have not been abundant
this week, though contracts have been made for fairly
liberal amounts deliverable within the next fortnight.
Arbitrage operations in stocks have resulted in some
^demand for exchange, and importers of sugar and
coffee have been remitting. This increased demand and
dearer discounts on the Continent (Which created some
special demand, and also tended to limit the supply by
inducing bankers to reifrain from drawing long bills)
will readily account for the firmer tone. The con
gested condition of the money market here continues
to be an important factor, and bankers promptly remit
balances which they cannot employ to the least advan
tage in our market. The tone was firm at the opening
on Monday and it grew stronger in the afternoon, the
prompt absorption of the bills received by the early
mails having left the market quite bare. On
Tuesday there was a fractional advance in rates for ac
tual business, but the trading was light. On Wednes
day coffee and sugar importers bought for remittance,
and there was some demand to cover bills sold in July,
631
THE CKROJNLCLE.
and then cables reported a rise in the discount rates on
the Continent, which had a slight influence on Conti
nental exchange, and the market closed quite firm; and
it so continued on Thursday, though on that day the
change in rates was chiefly in short Continental and
cables, owing to the demand for remittance to Paris.
Yesterday the same conditions prevailed, the close
being steady. The following table shows the daily
changes in the rates of exchange by leading drawers:
Wed..
Thurs.,
Fri..
Mon., Tues..
Sept. 21. Sept. 24. Sept. 25. Sept. 26. Sept. 27.
86«
86
85«
86
86
days-.
Brown B ro s .... 60
87«
87
87
87
Sight...... 87
86
86
86
86
86
Baring.
60 d a y s..
87
87
87
87
M agoun & Co. Sight...... 87
86
86
86
86
Bank B ritish
60 d a y s.. 86
87
87
87
87
Ño. America.. Sight...... 87 •
86
86
86
86
Bank of
60 d a y s.. 86
87
87
87
87
M ontreal......... Sight...... 87
86
86
88
86
Canadian B ank 60 days.. 86
87
87
87
87
of Commerce. ! Sight...... 87
86
86
86
86
Heidelbach, Ick- 60 days. 86
87
87
87
87
elheim er & Co ! Sight...... 87.
86-«
86«
86
86
J
86«
60
days.
Lazard Freres... ¡S ight.... 87-« 87
87 :
87«
87«
86«
86«
86«
86«
M erchants’ Bk. (60 days. 86«
87«
87«
of C an a d a .... ( Sight.... 87«
87«
87«
Fri..
Sept.
86«
87«
86
87
86
87
86
87
86«
8 7«
86«
87«
86«
■87«
86«
87«
The market closed steady on Friday at 4 86@4 86|for sixty day and 4 87@4 87^- for sight. Rates for
actual business were 4 85£@4 85% for long, 4 86^@
4 86-J for short, 4 86^@4 86f for cable transfers,
4 84f@4 85 for prime, and 4 84^@4 84J for docu
mentary commercial bills.
As stated above, we have had this week quite a num
ber of very favorable returns of net earnings for the
month of August. The returns are not all of this char acter, but there is a larger number of them than we
have had for a very long time past. The Pennsylvania
takes chief place among them, not only because its
gain is the largest but because the earnings of that
system are pretty generally regarded as furnishing a
very good indication of the course of trade and busi
ness in the United States. The company reports a gain
in gross on the lines east of Pittsburg and Erie of $267,078 and a gain on the lines west of Pittsburg of $152,392, making together $419,470. What makes this increase
especially noteworthy is that it must have occurred in
the face of a considerable falling off in the passenger
revenues of the system, since in 1893 these passenger
revenues included the travel to and from the Fair.
While gross earnings have been increased, expenses
have at the same time been reduced both on the East
ern and the Western lines, thus producing mo3t strik
ing gains in the net—$504,315 on the Etstern system
and $269,433 on the Western, or $773,748 together.
Last year the loss in net on the combined system was
only $644,840 but the loss in the gross was $1,301,391.
The following furnishes a comparison of the gross and
net earnings of the Eastern lines for a series of years:
L in k s b a st of
PITTSBUBG.
1894.
1893.
1892.
1891.
1890.
1889.
August.
$
$
$
$
$
$
9-ross earnings....... 5,739,055 5,471,977 6,226,007 6,212,375 5,930,855 5,993,964
O perat’g expenses. 3,424,637 3,661,874 4,001,714 8,760,965 3,638,829 3,361,490
N et earnings... 2,314,418 1,810,103 2,224,893 2,451,410 2,292,026 2,032,474
Jan. 1 to Aug. 31.
Gross earnings....... 36,746,557 44,909,441 44,500,781 43,367,568 43,203,832 39,239,876
O perat’g expenses. 26,152,605 32,733,366 32,025,135 30,132,891 30,040,092 26,341,275
N et earnings... U0,593,952 12.176,075 12,476,596 13,234,677 12,623,740 12,898,001
The roads in the Pennsylvania Railroad system
whose accounts are kept separate also make favorable
returns for August. Thus the Allegheny Yalley re
port $16,913. increase in gross and $12,768 increase in
net and the Northern Central has $31,086 increase
in gross and $73,741 increase in net.
The Chicago Milwaukee & St. Paul for the same
month is able to report $85,235 increase in gross and
$185,060 increase in net. The Chicago Burlington &
Quincy, with $142,253 decrease in gross, has $205,966
THE CHRONICLE.
532
increase in net; and reduced expenditures are a feature
of nearly all the returns for August. The Chesapeake
& Ohio has $42,517 increase in gross, $10,950 increase
in n e t; the Cleveland Cincinnati Chicago & St.
Louis $8,936 increase in gross, $16,932 increase in
net; the Peoria & Eastern, $12,519 increase in gross,
$25,734 increase in n e t ; the Wabash $15,508 decrease
in gross, $122,640 increase in net, and the Western
Maryland $16,418 increase in gross and $19,357 in
crease in net. One class of companies has done poorly,
namely the anthracite coal roads; and the Central of
New Jersey, the Philadelphia & Beading and the Erie all
show losses in both gross and net. A few roads have
only this week furnished their returns for July, the
month of the railway strike. Among them is the
Atchison, which reports for the month this year net of
only $217,463, against $1,129,661 in July 1893. In
the following we show the gross and net earnings for
four years of all the more prominent roads.
Name of road.
A llegheny V alley.......... ..
C entral of New Jerse y .......
Chesapeake|& O h io ...........
Chicago Burl. & Q uincy...
Chicago Mil. & St. P a u l...
NetN et
N et
N et
N et
Cin. Jackson & M ack........
N et
Cley. Cin. Ch. & St. Louis. .Gross
N et
P eo ria & E a s te rn ...........
N et
K an. C. Mem. & B ir..........
N et
N. V. L. E rie & W e s te rn .. .Gross
N et
N orth ern C entral...............
N et
Philadelphia & B eading.. •Gross
N et
Coal & Iro n .......................
N et
W ah ash .................................
N et
W estern M aryland...........
N et
Name of road.
A t. Top. & S. Ee (all lines) .Gross
N et
Cleveland A kron & Col.... . .Gross
N et
Louis. N. Alb. & Chic........ .Gross
N et
----- ——----- August Earnings.------------------i
1894.
1892.
1891.
1893.
$
$
$
$
229,667
187,601
244.673
204,514
122,087
70,976
95,702
83,744
1,281,944
1,311,914
1.305.042
1,155,847
533,734
560,970
412,559
555,519
925,718
1,002,870
935.389
892.872
280,352
320,858
352,971
331,808
3,720,190
8,161,840
2,934,143
3,076,396
1,371,259
1,344,531
1,126,060
1,331,927
2,519,209
2,407,843
2.904,552
2,493,078
870,582
713,618
824,922
639,862
72,055
66,235
55.491
74,439
10,084
28,231
25,608
19,684
1,444,909
1.848,882
1,216,078
1,207,142
429,802
415,179
310,664
327,596
153,312
177,492
171,784
159,265
64,679
9,809
51,081
25,347
93,158
92,268
78,139
81,838
9,653
6,428
320
6,007
2,677,501
2,946,268
2,523,535
2,274,224
1,122,345
905,515
841,081
787,476
653,200
565,638
612,108
596,724
198,352
162,090
218,325
235,831
1,963,775
2,022,647
1,783,606
1,896.267
•821,509
774,608
1,701,185
1,971,337
1,947,729
1,589,386
100,873
def. 5,193
1.373,470
1,415,427
1,227,853
1,243,361
420,186
303,953
441,402
426,593
130,483
124,535
146,901
55,682
58,231
75,039
------July Earnings.------- -----------1891.
1893.
1892.
1894.
36
$
$
$
3,828,220
3,727,672
4,018,046
2,395,951
1,297,362
1,122,220
1,129,661
217',463
82,844
84,391
66,131
81,938
22,303
18,243
20,042
24,757
272,370
317,001
294,257
220,171
110,861
106,650
92,177
76,027
The annual report of the New York Ontario &
Western has been issued this week, and tbe record of
this road is a most interesting one. Up to a few years
ago its traffic and revenues had remained substantially
stationary, and there seemed little likelihood of a
change in the near future. But since the present
management took hold of the property an extension
into the anthracite coal fields has been built, and the
business and traffic of the road developed generally.
The effect has been magical. Both gross and net earn
ings have been steadily rising, year by year, and the
company now finds it possible to report a large surplus
above its fixed charges (notwithstanding these charges
have been greatly increased as the result of the new
capital outlays) where a few years ago the excess of
net revenue above the charges was hardly much more
than nominal. We know of no better way of showing
the growth which has been made than by bringing for
ward a little table which we published last year, and
adding to it the figures for 1894.
NEW YORK ONTARIO & WESTERN.
E a rn in g s Operating ExYear en ding penses a n d
J u n e 30.
Taxes.
1887.1,617,663 66
1 8 8 8 .1 ,8 6 1 ,9 0 177
1889.1,975,470 89
1890.2,200,446 01
1 8 9 1 .2 ,8 0 9 ,7 0 2 1 6
1892.3,265,417 89
1893.3,688,173 92
1894.3,842,119 63
N et
Revenue.
1,327,645 06 290,018 60
1,526,633 37 335,268 40
1,630,344 99 345,125 90
1,768,04243 432,403 58
2 ,1 55,37216 654,330 00
2,461,136 39 8 0 4 ,2 8 1 5 0
2,798,225 62 889,948 30
2,732,540 16 1,109,579 47
Charges.
$ '
228,424 21
26845911
282,480 19
285,961 67
553,890 68
597,262 22
633,095 79
690,012 89
Surplus.
$
61,594 39
66,809 29
62,645 71
146,441 91
100,439 32
207,019 28
256,852 51
419,566 58
[VOL. L ix
From the foregoing it appears that even in the late
year of adverse business conditions, the road was able to
establish a further increase in gross and net earnings.
The explanation is found in the continued exten
sion of the coal business, as the road of course did
not escape being affected in both its merchandise
and passenger traffic by the general industrial pros
tration which prevailed. Since 1887, it will be ob
served, gross earnings have increased in each and every
year, and for 1894 were $3,842,119 against only $1,.
617,663 for 1887. The net in 1887 was but $290,018;
now it is $1,109,579. In fact, the surplus above
charges in 1894 was considerably larger than total net
earnings in 1887. The accounts of the company are
regularly audited by a firm of public accountants.
The following gives the week's movements of money
to and from the interior by the New York banks.
Week Ending September 28,1894.
Received by Shipped by
N. Y, Banks. N. Y. Banks.
Net Interior
Movenient.
C u rre n c y .. . . . . . . . . . . . . . . . . . . . . . . . . . .
P*nld ___
___________
$2,951,000 $3,322,000 Loss. $371,000
650,000
750,000 Loss. 100,000
T o tal gold a n d le g a l te n d e rs —
$3,601,000 $4,072,000 Loss. $471,000
With the Sub-Treasury operations the result is as
follows.
Into
Banks.
Week Ending September 28,1894.
Out of
Banks.
Net Change in
Bank Holdings.
B anks’in te rio r m ovem ent, a s above $3,601,000 $4,072,000 Loss.$ 471,000
Sub-T reasury o p e ra tio n s ................. 10,400,000 11,600,000 Loss. 1,200,000
T otal gold a n d le g a lte n d e rs ....... $14,001,000 $15^672,000 Loss.$l,671,000
The following table indicates the amount of bullion
in the principal European banks.
September 27,1894.
Bank of
Gold.
£
E n g lan d ........
F ran c e ...........
G erm any*__
A ust.-H ung’y
Spain..............
N e th e rla n d s .
Nat.Belgium*
Silver.
£
Total.
£
38,711,109
38,711,109
76,239,024 50,307,782 126,546,806
35,902,000 11,954,000 47,916,000
13,632,000 15,291,000 28,823,000
7,963,000 9,491,000 17,454,000
4,150,000 0,862,000 11,013,000
3,083,333 1,541,667 4,625,000
September 28,1893.
Goldi
£
Silver.
£
27,567,643
67,376,000 50,884,000
29,714,350 9,904,750
10,668,000 16,267,000
7,917,000 6,344,000
2,360,000 6,943,000
2,699,333 1,349,667
Total.
£
27,507,643
118,260,000
39,019,000
20,935,000
14,261,000
9,306,000
4,049,000
T ot.this week 179,640,466 95,447,449 375,087,915 148,303,226 91,695,417 239,997,648
Tot. prev. w ’k 180,210,195 95,339,520 275,549,715 148,237,633 91,043,583 339,881,216
P E C U L IA R
F E A T U R E S OF TH E MONEY
M ARK ET.
The extreme congestion of the money market, which
has continued now nearly eleven months, is in its
duration and some of its characteristics without a
parallel. I t began to be felt in its extreme form about
the middle of November last year, when for the week
ending November 18 money on call was first quoted at
1@1£ per cent. Toward the end of December cal
loans were made at f of 1 per cent, and during Feb
ruary as low as ^ of 1 per cent. But in March a tacit 1
agreement appeared to be entered into between borrower
and lender not to make a quotation for call money
below 1 per cent, and since then this rate has almost
uniformly ruled at the Stock Exchange day after day
and month after month.
There have been some recent cases in which repre
sentatives of banks or trust companies have been in
structed to demand 1£ per cent. Very seldom has such
a demand been successful, but almost invariably the
loan at that rate has been refused, and the borrower
has had no difficulty in procuring the money, as before,
at 1 per cent. This congested condition of call money
has, too, controlled all departments of the market.
Funds offering have been so far in excess of the de
mand that time loans on Stock Exchange collateral and
prime commercial paper were sought after even at the
S eptem ber
29, 1894. J
THE CHRONICLE.
533
low rates ruling. Indeed, in the effort to employ ary; the indications now point to a degree of activity
funds balances in large amounts have been sent abroad, in that month. Next month, as short loans made then
banks have at times made purchases of railroad mort will mature at or near the end of the year, nothing less
gages of the best class in hope of obtaining some remu than four months’ co^racts should be in demand; by
neration, and lenders in general have been put at their December call money ought to be active, and then, if
wits* end during a large portion of the eleven months not before, the long period of an average rate of 1 per
to keep down their stock of idle money.
cent will probably be at an end.
It would be in vain to search for any parallel in our
Why is it, the reader may ask, that the money mar
financial history. Shortly before gold payments were ket is so much more troublesome now than ever before
adopted, in the summer of 1878, there was a period in in any industrial depression. The reason is obvious.
July and August when call loans fluctuated each month We had a longer and a much more trying period of
between 1 and 2-§- per cent and first-class commercial business dislocation in 1873 to 1879 ; then in 1883,
paper was 3 to 4 per cent. But the nearest approach 1884 and 1885 affairs were likewise in a greatly dis
to present conditions for money was in 1884 and 1885. turbed state. But a highly important difference exists
JEven then though, the conditions were very different, between those occasions and the present, and it can be
fhedowest rates being only an extreme of a fluctuation expressed with a very few figures. On January 1,
which covered generally several points. ]||Tlras in May 1879, the amount of gold, silver and paper money in
1884 the range on call was 3 per cent and flat. This circulation reached an aggregate of $946,655,000 ; on
matter of loaning money flat was a peculiarity of that January 1, 1884, the aggregate was $1,266,054,602 ;
year. In May, June, July, August, September and whereas on January 1, 1894, it had swollen to the im
November the flat rate was recorded at intervals. Fiat mense total of $1,729,018,266.
That comparison,
in those cases meant that lenders who had their however, is not complete in itself. An inherent feature
money in bank were willing to lend portions of it is that all the gain in circulation shown between the
free of interest on call, for thereby they obtained col earliest and the latest date is irredeemable paper repre
lateral for the amount so loaned, and thus distributed sentatives of discredited silver, the most troublesome
their risk. But in each of the months named money currency that human ingenuity could devise. Of
loaned at from 3 to 3£ per cent as the highest, and in course the expectation is that this currency will soon
October the range was from 4 to %of 1 per cent. In cease to harm our industries, will get distributed over
January 1885 and in March, April, May, June and the country, and thereafter find full occupation through
July of that year, ^ of 1 per cent wa3recorded, though the business revival now in progress.
in those months loans were made at 1-| to 4 per cent as
the highest. At no time during that period, except in
N E W Y O R K C EN TRAL REPORT.
January 1885 and at intervals until August, was the
average call loan rate at the Stock Exchange 1 per
The New York Central has issued this week both its
■ent, whereas that has been the average since the statement for the quarter ending September 30 (the
middle of November 1893.
results being of course partly estimated) and the full
In 1884 the reserve of the banks rose from a defic annual report for the fiscal year ending June 30. The
iency of $6,607,125 May 23 to a surplus of $42,297,- quarterly statement is an unusually encouraging docu
450 December 5. I'n 1885 there was an increase to $64,- ment. Some poorly informed persons had sought to
724,100 by August 1, and then followed a gradual falTTo create the impression that the company would have to
$24,712,65® by the end of the year. In 1893 after the reduce its dividend. But with the requirement for
low point of $16,545,375 deficiency on August 12, there the dividend larger than a year ago (on account of the
was an increase to $80,815,150 surplus by the end of increase in stock) the company fell only $90,000 short
the year, and the maximum surplus was reached Feb of meeting the dividend in full, this comparing with &
ruary 3, 1894, when it stood at $111,623,000, and the surplus in the corresponding quarter of 1893 of
total cash was then $249,575,100. Though the surplus $196,056 and a surplus in 1892 of $42,002; conse
was reduced the following week to $85,633,700, in con quently the regular quarterly declaration has been
sequence of part payments for the bonds sold by the made the same as usual. Considering that in July
Treasury, there was not the slightest change in the alone (when conditions were so unfavorable all over the
rate for money on call, and even now, with the surplus country) gross earnings had decreased in the large sum
reduced to $59,974,675, or $51,648,325 below the high of $768,229, and that the comparison during the whole
est point of the year, there are only faint indications quarter has been with the period of the World’s Fair
•of a rise in the rate for money on call above an average last year, when passenger revenues were above the
of 1 per cent. I t seems impossible that this condition normal, the results are surprisingly favorable. Of
of the market can much longer continue.
course the good showing is due to the great saving
Very many of the banks, and particularly those which effected in the expense accounts; gross earnings fell
are re-discounting for Southern correspondents, are not off $1,289,000, but expenses were reduced $1,084,000,
oompetiDg in the call loan branch of the market at the leaving the I033 in net only $205,000,
Exchange, and those who would borrow from the banks
As regards the annual report it confirms what has
must make application instead of having the money been said on previous occasions regarding the strength
offered them. The supply on call is therefore con of the company’s position. The results are unusually
fined chiefly to bankers' balances. The demand is to important and interesting, covering as they do a period of
some extent governed by the short interest in the stock extraordinary depression in the trade and industry of the
market. If this is large the inquiry for money is small, whole country. The Central has no such heavy tonnage
while when the short interest is eliminated the bor in coal and minerals as has the Pennsylvania and some
rowing demand for money increases. It is possible of the other large trunk-line systems. Nor do its lines
4hat the first evidence of hardening in the money run through the great iron and coal-producing districts,
market will appear in the time-loan branch when there as do those of the Pennsylvania, the Baltimore & Ohio,
will be an inquiry for engagements to tide over Janu etc. As the iron and coal industries were denressed
534
THE CHRONICLE.
beyond all others, the Central had in this respect an
advantage over its neighbors. B at of course the dif
ference was one only of degree,* Like the rest, it suffered
from the depression in those n Sr stries, and the general
business depression has of cotCffee affected it just as
directly and just as severely as the trunk lines gener
ally.
All things considered, the showing for the twelve
months is better than could reasonably have been
expected. As compared with the largest total in the
company's history, the gross earnings have fallen off
only a little over 7 per cent—that is, while the earn
ings in 1892-3 had been $46,936,693, in 1893 4 the
amount was reduced to $43,678,200, the loss thus
being $3,258,493. In the late year the company oper
ated some additional road, but this if eliminated
while it would change the result would hardly
change it very materially, since the additional road is
not of heavy earning capacity ; besides, only a part cf
it was operated the whole twelve months. The loss of
$3,258,493 in gross receipts was met by a reduction of
$2,783,471 in expenses, leaving the loss in net only
.$475,022, or less than 3£ per cent. As the fixed
charges were somewhat larger, and the requirement
for the 5 per cent dividends was also somewhat larger
because of the additional stock issued, the final result
has been a deficiency for the twelve months in the
Bum needed for charges and dividends of $786,340;
for the year preceding there had been a small surplus
above the charges and dividends, namely $87,770.
P ut in another way, the company earned 4T9 per
cent on the stock, the regular dividend being 5 per
cent. In both years, it is proper to say, the fixed
charges include a contribution of $300,000 to the sink
ing fund for the redemption of the 4 per cent deben
tures.
The general result here reached does not difEer
greatly from that shown in the company's estimated
statement issued the latter part of J ane and reviewed
by us at the time. I t is not necessary to repeat here
what was said in our previous article, but we may note
again that the deficiency for the year occurred entirely
in the last three months—in other words, in the quarter
ending June 30, 1894. In those three months the
shortage was $803,653, whereas for the whole twelve
months the deficiency, as we have seen, is slightly less,
or $786,340. In the quarter in question, as will be re
membered, the conditions were particularly adverse,
the disturbance to business interests by the uncertainties
regarding tariff duties and by the unsatisfactory condi
tion of the United States Treasury having been supple
mented by the great strike of the bituminous coal
miners, which latter not only stopped coal shipments
over the railroads but compelled many factories and
industrial establishments to close up for want of fuel.
As a consequence railroad traffic and revenues fell off
in a very striking manner. The conditions having
been so entirely exceptional, the management very natur
ally felt that the results for that quarter furnished no
basis on which to gauge the dividends, and they there
fore continued the old rate unchanged. They no doubt
reasoned that the leading of the disturbing conditions
having been removed the revenues must thenceforward
improve, besides which economies in operation were
certain to ensure better net results. Tne strike of the
railway hands in the West prevented the realization of
these favorable expectations in July, but since then, as
we all know, business revival has made steady progress,
and the, returns of railroad gross earnings have reflected
f VOL. l i x .
the fact, thé decrease for August having been only
$169,444, notwithstanding that comparison is with theperiod of large passenger earnings last year; and the
statement now submitted for the September quarter,
reporting net earnings close up to those of the cor
responding quarter last year and actually larger than
those for the year before, shows on what the belief of
being able to maintain the 5 per cent dividends, even
under adverse conditions, has been based.
No doubt the statistics in the annual report which
will be most closely scrutinized are those relating to
the expenses. Those are important both in their bear
ing on the present and the future On the one hand
they show us how the economies have been brought
about ; on the other hand they enable one to judge
whether these economies have been made at the ex
pense of the property, or whether they are of such a»
nature that there is likelihood that they can be kept
up hereafter. We have seen that expenses were re
duced $2,783,471 as compared with the twelve months
preceding, notwithstanding a larger extent of road was
operated. But there was room for a considerable re
duction of expenses, first because the company had
been spending large amounts out of earnings for im
provements and betterments in the years preceding
and secondly because the volume of traffic was smaller..
As showing the importance of the latter element, it is
only necessary to say that total train mileage in 1893-4
was only 39,338,860, against 40,272,261 in 1892-3, that
the number of tons of freight carried was only 20,902,288 against 23,457,219, and that the number carried
one mile was but 3,529,459,561 against 4,081,524,027.
Analyzing the expenses, we find that the $2,783,471
reduction is made up as follows: “ Traffic Expenses," a
decrease of $773,788; “ Motive Power," a decrease of
$536,678; “ Maintenance of Gars," a decrease of $498,773; “ Maintenance of Way," a decrease of $694,348;:
“ General Expenses," a decrease of $147,164, and
“ Taxes," a decrease of $132,719.' Examining the dif
ferent items under each of these heads, it is seen that
the decrease in “ Traffic Expenses" has followed chiefly
from the smaller amount of work done. The decrease
under the head of “ Motive Power" can also be ascribed
in large part to the smaller volume of traffic, as over
50 per cent of the whole decrease is accounted for by
the saving in expenditures for engines and for pay
of enginemen. As regards the decrease in the ex
penditures for Maintenance of Oar* and for Mainten
ance of Way, the case is different; $396,297 less than
in the preceding year was spent for repairs of freight
cars, $123,643 less for repairs of passenger cars, $181,851 less for repairs of bridges and culverts and $353,239 less for steel rails.
Of course with a smaller volume of business, repairs*
should also be smaller, and then the fact th at many
materials and supplies are cheaper would likewise
operate to reduce expenses. But entirely apart from?
that the decrease in the items of expenses mentioned
can in nearly every case be referred to the fact that
the amounts of those items in the year preceding had
been very large. Take repairs of freight cars for in
stance : while the expenditure for that purpose in
1893-94 at $1,411,649 compares with $1,807,946 for
1892-93, it compares with only $1,316,903 for 1891-92,
so that though the amount is less than for the year
preceding it is nearly one hundred thousand dollars
larger than two years ago. For repairs of passenger
cars the expenditures at $630,316 for 1894 compare
with $753,959 for 1893 but with $638,517 for 1892-
S eptem ber
29, 1894.J
THE CHRONICLE,
535
for repairs of bridge^ and culverts the expenditures nage, this reflecting the poorer crop3 raised in 1893 as
fatand at $322,961 for 1894 against $504,812 for 1893 compared with 1892 ; only 2,074,900 tons of grain were
?and $438,745 for 1892, and expenditures for steel rails moved in 1894, against 2,653,966 tons in 1893. In
stand at $270,291 against $623,530 and $332,956 re 1892 the grain tonnage had been as much as 3,243,858
spectively in 1893 and 1892. One large item under tons, but that was a very exceptional year.
The average rate received on the freight tonnage
Maintenance of Way has not yet been mentioned,
namely the expenditures for cross ties ; the amount increased from 70 hundredths of a cent per ton per
for this purpose was larger for 1894 than for either of mile in 1892 and 71 hundredths in 1893 to 74 hun
the two years preceding, being $875,660 against $780,- dredths in 1894. This does not indicate, however,
that the rate situation was better or that the road re
.697 and $614,252.
The inference from these comparisons is clear. ceived higher rates on any class of tonnage. As a mat
There is nothing to indicate that repairs and renewals ter of fact the rate situation was notoriously bad, and
have not been fully up to the requirements— that the owing to the falling ofE in traffic and the consequent
saving in expenses has been forced and not natural. greater competition for what tonnage there was, it
The outlays for these purposes have been less liberal was very difficult to maintain agreed schedules of rates.
than in the year preceding, not merely because the The rise in average rate follows simply from the fact
state of earnings d ii not warrant their continuance on that the falling off in traffic occurred mainly in the
the same scale, but also because the high physical con bulky or low-class* freights like grain, coal, etc.-—the
dition to which the property had been brought by pre classes taking the lowest rates. The average expense
vious outlays greatly reduoed the amounts necessary to per ton per mile increased with the increase in average
keep the p;opjrty up to the standard. Confirmation rate, so that the profit per ton per mile was the same
of this view is found also in other facts. Tne ratio of in 1894 as in 1893, being 17 hundredths of a cent.
With regard to the finances of the company, it
operating cost to earnings, notwithstanding the reduc
tion in expenses, is as high as 67*57 per cent; appears that, pending the issue of the new stock, 5
there have been only three other years in the per cent sterling notes for $4,837,587 were put out last
entire history of the company when the ratio August and September, to meet in part the heavy
has stood nigher than this, and the very highest ratio construction outlays of the previous year. The notes
of all was that for the year preceding, when the figure were made payable at various dates up to November
was 68*80 per cent. It likewise deserves to be men 1894, and at June 30, 1894, $1,613,205 of them had
tioned that the entire charge to capital account during been retired, leaving $3,224,3112 outstanding. Includ
1893-4 fo: construction and equipment has been only ing these latter, the total of all current liabilities (not
$478,080, all the items being proper, making it evident omitting the July dividend) on June 30 was $13,600,that nothing has gone into this account which ordinarily 533, against which the company reports $14,448,424 of
would have gone into operating expenses. In 1892-3 current assets, including $2,601,154 of fuel and
the outlays for new construction and equipment reached materials on band. Among general facts of interest
the large total of $3,404,633. Tne figures given include it may be noted that with a decrease of $2,783,in neither year the charges to the accounts of the leased 471 in aggregate expenses during the year the
decrease in the amount paid for wages and salaries
roads.
In its revenues in the late year the Oentral of course was only $850,224, that altogether $16,439,064 WaSi
derived an advantage from the World's Fair, but paid out for compensation to employees, and that this
hardly as much as expected. In fact, the results from is over 3£ times what was paid to stockholders for
the Fair were rather disappointing. Tne company had dividends during the same twelve months. We may
provided considerable extra equipment only to find note too that the company's contribution to the ex
that it remained idle a good part of the time. It was penses of government, as represented by the taxes paid
not until the closing months of the Exposition that by it, was over 1£ million dollars—$1,527,424, this
the company had full use for the cars. Of course, being independent of the taxes paid on capital stock
except for . the Fair travel the revenues for the year and earnings.
would have shown a much larger decline than is
TH E IL L IN O IS C EN TRAL REPO RT.
actually reported. Still, it is noteworthy that notwith
The
Illinois Central possesses the unique distinction,
standing the extra pajsenger business on that acsount
of
being
able to report a considerable gain in both
total passenger revenues show an increase of only
gross
and
net earniags in a year of extraordinary busi
$103,707, being $14,151,279 against $14,047,572 ;
the passenger movement actually records a slight ness depression, when other large systems sustained
decrease botn in the uu.nbor of passengers carried and very heavy decreases— many of them decreases of
the number carried one mile. Even the aggregate of tremendous proportions. No one needs to be told
the through passengers (where certainly an increase that a special reason has existed for this distinction in
might reasonably have been looked for) fell off, being the very large passenger traffic which the road derived
from the holding of tne World's Fair. Nearly all the
only 276,745 for 1894 against 285,605 for 1893.
In the freight t onnage th ¿re was a decrease, as already roads running into Chicago were favored in this way,
said, from 23,457,219 tons in 1893 to 20,902,288 in but the Illinois Central had an exceptional advantage
1894. Tnis includes the tonnage moved for the com in the local and suburban traffic over its line to the
pany's own use. The paying tonnage fell off from Fair grounds, for the handling of which it had made
21,312,072 tons to 18,728,592 tens. The road is not a such excellent and admirable arrangements.
But while the passenger movement incident to the
coal road, as already said, in the sense that the Penn
sylvania and the other trunk lines are, and yet nearly 'F a ir played aa important part in affecting the year's
a million tons of the loss in the freight tonnage , results, it would be a mistake to suppose that the
occurred in the item of coal a id coke, which for 1894 favorable showing is entirely due to that circum
aggregated only 4,889,742 tons, against 5,854,456 tons stance. Examination of the annual report for the
for 1893. A further large loss occurred in the grain ton fiscal year ending June 30, 1894, now sub»
536
THE CHEOMCLE.
mitted, shows that besides the gain in the
passenger earnings the freight earnings of the
system have been remarkably well maintained. It is
precisely in this particular that other roads have suf
fered most severely, the heavy losses in earnings which
they have reported having followed mainly from the
great contraction of their freight revenues, resulting
from the paralysis of industrial activity all over the
-country. On the Illinois Central the falling off in
freight earnings has been only $527,589, the total
standing at $12,253,612 for the fiscal year 1894,
against $12,781,201 for the fiscal year 1893 and
$12,809,973 for the fiscal year 1892. In ratio the de
crease has been only a little over four per cent, which,
considering the losses reported by other companies, is
a surprisingly small falling off. The gain in passenger
earnings for the twelve months fell but little short of a
million dollars—$965,205. But if the falling off in
the freight revenues had reached 15 to 20 per cent, as
for so many large companies, instead of being only a
little over 4 per cent it is evident that even this gain
in the passenger revenues would not have sufficed to
prevent a heavy loss in aggregate gross earnings, and
thus the showing would not have differed greatly from
that of other companies, notwithstanding the extra
advantages which the road had from the Fair.
If it be asked why the Illinois Central should have
fared better in its freight revenues than so many other
companies, the answer must be that the lines of the
system extend over a very large area of territory and
embrace an unusually wide range of climatic condi
tions, thus affording a greater diversity and variety of
traffic than is possessed by most systems. Unlike other
companies with a large extent of road, the Illinois Cen
tral is a north-and-south line, and its mileage stretches
from points in Iowa and from Chicago and the Great
Lakes to the Gulf of Mexico. Thus crop conditions in
the South, crop conditions in the West and the general
trade conditions of the whole country all operate to
affect results. I t seldom happens that these various
sets of conditions are all alike in character—that is, all
favorable or all unfavorable. Usually an adverse de
velopment in one direction is offset by improvement in
other directions—a state of things tending to ensure
greater stability of traffic and revenues.
It is in this way that the relatively small loss in
freight receipts in the late year in face of very much
larger losses by other systems is explained. The com
pany suffered from the effects of business depression,
like the rest of the roads, but was able to offset in good
part the loss on that account by gains from other
sources. That this is the proper explanation appears
from the remarks of the Traffic Manager of the Illinois
Uentral, Mr. T. J . Hudson. Speaking of the decrease
in tonnage and freight receipts resulting from business
depression, he points out that this was more marked
on the Northern lines where factories and industrial
enterprises preponderate. On the Southern lines, he
says, the large cotton, rice and sugar crops enabled the
road to hold its own. On the Western lines, likewise,
good grain crop3, he states, largely made up for the de
crease in general merchandise; but in Illinois, though
an increase occurred in the farm products transported,
still it was not sufficient to offset the decrease in the
various commodities which under normal conditions
enter into industrial operations. The effect of these
changes is also seen in the traffic statistics and oper
ations. While, as already stated, the decrease in freight
.revenues was only a little over four per cent, in
[V ol, L1X,
the freight tonnage the decrease was 9*95 per cent
the number of tons moved having been 7,366 637
against 8,180,853; but on the other hand in the ton
nage movement one mile the decrease was only 3*4^.
per cent, the aggregate being 1,460 million ton miles
against 1,512 million, thus showing an increase in theproportion of long-haul tonnage. The average rate»
realized was slightly lower in 1894 than in 1893, namely
839 thousands of a cent per ton per mile against 845-,
thousandths.
. In regard to the increase in the passenger receipts,,
the report points out that during the six months front
May 1 to October 31, 1893, the road carried 8,780,61&
passengers on its special World's Fair trains and
9,358,695 passengers on its regular suburban trains,
and that travel in the other passenger trains was alsounusually large. These totals relate to the wholeperiod of the Fair, and therefore cover two months of
the previous fiscal year. .Confining ourselves to the
four months from July to October, inclusive, it is im
portant to show how very heavy the gains in passengerrevenues were in these four months. We have given
the figures in an article in our I nvestoks' S upple
ment to-day, where we discuss the general question of
the effect of the loss of the Fair traffic the present year
in affecting the weekly and monthly returns of earningsfor current periods, but the figures for the Illinois
Central are worth repeating here. We find that in
July the gain in the passenger revenues of the road over
the year preceding was $327,538, in August $385,106,.
in September $511,142 and in October $693,637, making together $1,917,423. As in the company's cur
rent monthly returns the comparison now is with
these heavy earnings in 1893, the losses at pres
ent of course are as conspicuous as were last yeaiV
gains. As bearing on the comparisons for future
months, it is Well to note also that after the
close of the Fair November was the only
month recording an increase in passenger revenues-—
that with December a decrease began which continued
through every one of the remaining months of th&
year—the losses in May and June 1894 being, we need
hardly say, especally heavy, as the comparison in those
months was with the opening months of the Fair. Inbrief, then, the gain of $965,205 in the passenger rev
enues for the year is the net result of a strikingly heavy
increase in the first five months offset by a considerable»
decrease in the last seven months.
Besides the changes in passenger and freight re
ceipts, there were of course changes in the various
other items of revenue, which, however, do not call
for special comment. Aggregate gross earnings in
creased $562,273. This was attended by an augmenta
tion of only $35,619 in expenses, and hence there was
an addition to the net revenues of $526,654. With,
aggregate expenses heavier than in the year preceding;
there is not the same occasion for analyzing the ex
pense accounts and the various items charged to thoseaccounts as there is in the case of the roads which
have been obliged to reduce expenses heavily in conse
quence of a great falling off in their gross earnings.
Still, as the outlay for maintenance of way and struct
tures was $237,750 less in 1894 than in 1893—the
amount spent for that purpose having been $2,462,199
against $2,699,949—a few words in explanation of the
saving will not be out of place. I t appears that
more than the whole decrease is accounted for by
a single item, namely repairs of bridges, for which
the expenditures were only $282,686 in 1894 against
Se pt e m b e r
29, 1894,]
THE CHRONICLE.
m r
$531,413 in 1893. The saving in this case arises from for 1894, but the surplus of $198,451 for the preced
the fact that the company has in recent years erected ing year (or rather for the eight months of that year
so maDy iron bridges and rebuilt or filled with earth during which it was operated) is included, having come
nearly all its wooden trestles. There was also a slight to the Illinois Central in the shape of a receipt for 9&-.
reduction in the expenditures for labor on track—the rears of interest on the cumulative income bonds of th e
amount having been $1,009,948 for 1894 against Louisville Mew Orleans & Texas held by the company.
$1,097,113 for 1893-—but the reduction, we are in In the interest charges of the Central for 1894 a half
formed, is due entirely to the lower wages at which year's interest on the $4,517,000 of 4 per cent bonds*
this particular class of labor could be hired. Aside issued by the Central in payment of its purchase of th e
from these two exceptions all other items under the Chesapeake Ohio & Southwestern is included. T h e
head of maintenance of way and structures show an in nature of that purchase and the advantages expected
crease. The company laid 15,591 tons of new steel rails to result from it are set out quite fully in the report. *
in 1894 against only 9,665 tons in 1893, being an in
The charges to capital account for new construction*,
crease of over 60 per cent; it placed about 30 per cent and equipment were much smaller in 1894 than in 1893*
more ties in the roadbed—that is, it put in 1,201,*710 reaching only $1,902,587 against $4,107,078. T h e
against only 929,297 ; it spent $227,753 for repairs of company during the year disposed of its holdings 6 f
buildings and water-works against $203,952, $42,- stock in the Danleith & Dubuque Bridge Company and
117 for repairs of fences against $33,681, and $384,469 some small holdings of other stocks, receiving therefor
for various other items, against $384,234.
,477,140 in the 5 per cent notes of the buyers, se
As regards the expenditures for maintenance of cured by these and other collateral. As regards th e
equipment, there the statements actually show an in floating debt the company reports $3,088,053 of current
crease of $330,679 over the year preceding and a still liabilities (this including $2,448,574 of bills payable).
larger increase over the year before—the amount spent June 30, 1894, and $2,897,113 of current assets, in in 1894 having been $2,443,656, in 1893 $2,112,977 and cludiag $2,512,226 of notes receivable secured by col
in 1892 $2,035,406. In view of this fact it may seem lateral and bearing 5 per cent interest.
strange that the company should report only 588
passenger cars June 30, 1894, against 640 June 30,
1893, and only 15,680 revenue freight cars, against TH E M ADAGASCAR D IF F IC U L T Y B E T W E E N
16,698. But the explanation is very simple and is
F R A N C E A N D EN G LAN D .
furnished in the report itself. The reduction in the
I t has for some time been apparent that there was
passenger equipment is due to the change of World's friction of a more than ordinary kind in the g reat
Fair cars into fruit cars, and the reduction in freight African island known as Madagascar, and that th e
cars follows from the fact that in the previous year friction was mainly between France and Great Britain.
under a special appropriation for that purpose charged In her speech on the occasion of the prorogation of:
against profit and loss the company made arrangements Parliament the Queen, referring to her relations with,1
to replace 2,500 old cars of small capacity with an foreign powers, said it was matter of regret that a ^
equal number of new ones with a capacity up variety of questions relating to Africa between H er
to modern requirements; 2,420 of the new cars were Government and that of the French Republic still re
procured before June 30, 1893, and counted in the mained unsettled, The questions were not specified;
statement of equipment at that date, but of the old but it was no secret that one of them was connectedI cars condemned to be broken up only 1,245 had been with Madagascar.
I taken out at that time, the remaining 1,255 not being
There are two circumstances which lend importance*
I taken out until the present year. Comparing the to this Madagascar question. One is that it is a freshI equipment with two years ago, we find 15,680 freight illustration, and only one of many, of the antagonism
I cars June 30, 1894, against 15,523 ears June 30, 1892; which of late years France has been showing towards
I in tonnage capacity the difference is strikingly great, England, and especially towards English foreign policy*
I illustrating the nature of the change made; the capac- France cannot forget the mistake she made in Egypt*
I ity June 30, 1894, is 349,928 tons, against only 306,093 when at a time of great difficulty she left the battle to b e
I tons June 30, 1892.
fought and the prize to be won by Eugland singleI The company had much larger fixed charges to meet handed; but in place of blaming herself she apparent
I in 1894 than in 1893, but it also had a larger income ly holds a feeling of animosity towards her m ore
I from investments in addition to the enlarged net reve- successful neighbor and rival. So far as the affairs of
Inuefrom the operation of the road. The final result Egypt are directly concerned, she has manifested th is
I shows $2,963,275 available for dividends on the ac- feeling many times and in various ways. Every move
I counts for the twelve months, not including the $353,- ment of England in that country, every act of the ad
1 993 surplus dividend fund carried forward from pre- ministration, every scheme, every enterprise having f o r
I ceding years. In 1892-3 the amount available for its object the improvement of the land and the ad
I dividends on the same basis was $2,628,659. The five vancement of the people's welfare, is eagerly watched
I per cent dividends took $2,500,000 in either year, and rigorously scrutinized; and when it is possible t o
I leaving a balance of $463,275 for the late year, against put obstacles in the way the opportunity is never neg
■$128,659 for the year preceding, not counting, as al- lected. Another illustration of the same feeling was re
I ready said, the accumulated surplus dividend fund in cently made in connection with the arrangement entered
■either year.
The earnings and accounts of the into by the English Government and King Leopold of
llazoo & Mississippi Valley Railroad (old Louis- Belgium in regard to boundary lines in East Africa.
ITille New Orleans & Texas Railway, which the Illinois
The other circumstance to which we cannot help re
r
.al acquired by purchase) are kept separate, ferring is that an attempt has been made to drag th o
land it seems that road netted a surplus above its United States into the difficulty. There are m any
purges for the year of $219,134. This surplus is not
Americans in Madagascar. They have interests! a t
[included in the income statement of the Illinois Central stake, as well as the French and English, I t has beeJi-
538
THE CHRONICLE.
[vouLix,
said that American sympathy is on the side of state of things was established. From the very nature
the English and that they are as much opposed of the arrangement which had been made, however
as the latter to the extravagant demands and the ar there was rivalry, not free from jealousy, between the
bitrary methods of the French. Some have even gone two foreign powers. The English influence, however
so far as to insist on American interference for the was still paramount. In 1865 treaties were concluded
timely protection of American interests. It is not said, with England and with the United States of America
however, that American interests have yet suffered; and and in 1869 Queen Ranavalo, her Prime Minister,
while we are not likely to be drawn into any such for whom she had married, and a large number of her
eign and far away entanglement, it is safe to say that nobles, were baptized, the idols and temples being
Americans in Madagascar and American interests in destroyed.
The later difficulties and complications date from
Madagascar are not likely to be allowed to.suffer any
serious inconvenience. The simple fact, however, that 1883-5, when the French attempted a complete con
the United States has been mentioned in connection quest of the island. The Hovas made a desperate re
with the difficulty invests the matter with an amount sistance, the result being that the French effort
of importance to our people which it would not other was in the main a failure. Unable however to
find outside assistance the Malagassy Govern
wise have had.
So far as the Madagascar question is a foreign question ment ceded to France the Diego Suarez Bay,
at all, it is a question between Great Britain and France; to be formed into a French naval station, and
and as such, spite of its new features, it is a very old agreed to pay £800,000 of war indemnity, promising at
question indeed. Any one who will glance at the the same time to enter into a treaty by which France
map will perceive that Madagascar is, from its very should have control of the foreign relations of the
position, apart altogether from its productive resources, island kingdom. Early in 1887 the French troops
an important island. Some 1,030 miles in length and were withdrawn ; but a French resident, with a small
350 in breadth, with an estimated area of 25,000 square military escort, remained near the Queen. Some sort
miles, it is separated from the m ainland by the Mozim- of arrangement was come to by France and England in
bique Channel—a distance at the narrowest part of 120 1890 by which in return for her recognition of
protectorate over Zanzibar France
miles. Its most remarkable feature is a great central a British
mountain mass which runs the whole length of the was to obtain from the British Government recognition
island, and which reaches its highest point at the of her protectorate over Madagascar; but the Mada
northern extremity. There are several passes by gascar authorities have persistently refused to recog
which the great plateau on the summit can be nize any such arrangement. The protectorate has
reached and by which also connections are made never therefore become an accomplished fact. The
with the opposite coasts—east and west. Tue climate British are blamed, apparently without any good reasoD,
is good in the higher regions, the heat not being ex - for encouraging the Hovas in their opposition to the
cessive except near the coast; the soil in some parts is French, and the Americans are blamed for taking sides
highly productive, and the natives, who have been with the English. It is not wonderful that there
brought under the influence of Christianity, are at once should be on the island, and among the English speak
ingenious and industrious. The position of the island, ing people, a powerful anti-French sentiment; for ac
lying as it does in a commanding position in the In cording to the most reliable accounts the French gener
dian Ocean, and oovering the most important part of ally from the Government agents down are behaving in
East Africa, would give an immense—a dangerous— a haughty and high-handed manner. I t is their de
power to any European nation who should happen to termination to make an end of the anomalous state of
have absolute control. To a great naval power it things which now exists, and to make the protectorate
a fact.
offers advantages of the very highest value.
Matters have reached a crisis. To the English,
I t is not difficult to understand how such an island
so situated should tempt the cupidity of the larger Americans and Malagassy the French demands
naval powers, especially of those whose business led seem excessive, and, as they think, uDjust.
them around the Cape of Good Hope and into the France, it appears, demands that the protector
Eastern seas. I t does not appear that Portugal, the ate be fully recognized, that she shall be allowed
pioneer naval power, ever made much of Madagascar. to erect military stations wherever it shall seem neces
The French in 1643 took possession of the island of sary, that she shall have absolute control of the foreign
Skint Marie, and through this island formed a connec policy of the Government, that no land shall be sold to
tion with Madagascar—a connection which has never foreigners without her consent, that generally in fact
been altogether broken. I t was at first a slender con she be allowed to constitute Madagascar a part of
nection; and although fresh efforts were made to col France. In France itself men of all shades of political
onize in 1745 and 1773, success was not great. In opinion seem to be agreed to make an end of EDglish
1810 the king of the Hovas, a powerful native tribe, influence in Madagascar. M. Paul de Cassagoac calls
extended his influence over the whole of the island. for French occupation of the island, and the Matm
French influence declined and British influence gained urges that a march on the capital of Madagascar be
the ascendency. The British entered into treaty ar made at once. The Temps declares that military
rangements with the king, Radama I., who was bent intervention is inevitable unless the Hovas yield to
®mreform. He encouraged the Protestant missionaries, French demands. It is even asserted that prepara
brought to the island British mechanics, and took tions are being made for immediate active intervention
steps preparatory to the complete abolition of the slave and that troops are to be sent from Tonquin as well as
trade. Dying in 1828, his widow, who succeeded him, from France. I t remains to be seen how all this is to
fell back upon the old policy, perpetrated great cruelty end—whether Madagascar will be left to make the
upon the foreigners, especially upon the missionaries, best she can of her embarrassing and most difficult
and generally undid all that her predecessor had done. position, or whether the other powers will enter their
France and England interfered jointly, and a better protest and compel France to halt.
Se p t e m b e r
29, 1894«]
THE CHK0N1CLE.
““YTwill be difficult for England to make up her mind
to allow France to get control of the M zambique
|channel; but as England is so far compromised in the
Latter/she is not likely to give Madagascar openly
armed assistance. If she does not fight, no other power
will. But the Ilovas are not the people to give up all
their rights without a struggle.
539
more encouraging, and the Nashville & Chattanooga
may be depended on to share in full in the recovery
in progress.
Indeed, its net for the two months
(July and August) already shows $33,153 in
crease, though this is the result entirely of lower ex
penses, as gross decreased $19,297.
Q X a u s to ig I < & 0 m m z x tí& l^ n Q lí$ U ^ £ x o &
{N A S H V IL L E
CHATTANOOGA & ST. LOU IS.
I The Nashville Chattanooga & St. Louis is one of the
Imaller reads of the South whose affairs have always
attracted more or less attention. Time was when this
toad was a very aggressive rival of the larger systems.
That, however, was long ago. For some years now the
[road has been controlled by the Louisville & Nashlille. The management is the same as it has been for
a decade or more, and the accounts and operations are
kept separate and distinct from those of the Louisville
|& Nashville. In a quiet way, too, small branches
[and extensions have been added, thus enlarging the
[sources of revenue. In the late year the addition in
[that way was over 74 miles, thus showing that the road
[has by no means been allowed to stand still.
I The year under review (the fiscal year ending June
KO, 1894,) was a trying one for railroad properties all
fever the country, and the Nashville & Chattanooga
[necessarily shared in the general depression. In some
■respects it suffered more than other roads because it
[has a considerable traffic in coal, iron and other min
eral?, where the effects of industrial depression were
[especially pronounced. It appears from the report now
Issued that the number of tons of freight moved deIclined from 2,851,196 tons in 1893 to 2,380,043 tons in
11894, the decrease thus having been 471,153 tons, or 17
[percent. The falling off has been quite general, but the
[bulk of it is found in the items classed as products of
[mines, products of the forest and manufactures.
[Several of the items of agricultural tonnage and of
[animal products show a larger movement for 1894 than
[for 1893. In the tonnage movement one mile there
was a decline from 333 millions to 296 millions, or
[about 11 per cent, and at the same time the average
[rate per ton per mile declined from 1-07 cents to 1*05
[cents. There was likewise a decrease in the number of
passengers carried and the number one mile, and also
[in the average rate received.
[ As aconsequence of these conditions, the gross earn
lings declined from $5,131,779 in 1893 to $4,521,662 in
[1894. For the last three years the figures have in[cludedthe earnings of the Western & Atlantic. With
[these eliminated the late year's total of the gross
would be the smallest of any year since 1888.
[The loss in 1894 was accompanied by a con
siderable reduction in expenses, making the deIcreasein net only $141,892. Still, after deducting the
[chargesthe amount left for dividends was only $382,362,
[against $508,677. However, the amount equals nearly
[4 percent on the stock, and if the income on securities
[heldwere included the amount would be over 4 per cent,
which is pretty good for a year of depression. Ouly
»250,000 (2£ per cent) was actually paid out in divi
dends, leaving a surplus of $132,362. The current lia
bilities for interest and operations were $1,456,695 June
po, 1894, against $1,335,640 June 30, 1893, and the curpent assets $884,650 against $842,172. Besides the
current assets the company held at the same date $937,rj®
stocks and bonds, against $893,572 a year ago.
ior the current fiscal year the business outlook is much
[From o u r ow n correspondent.]
L o n d o n , Sept. 15, 1894.
Money continues as abundant and as cheap as ever. At the fort
nightly settlement this week on the Stock Exchange borrow
ers were able to obtain all the loans they req lired at the same
rates as last time, and the discount rate is still about % P©r
cent. But the demand for gold for Germany is increasing;
most of the metal that reaches here is taken for the Imperial
Bank. According to the Bank of England return issued on
Thursday the coin and bullion amount to very nearly 40 mill
ions sterling; the reserve exceeds 31 millions sterling, and the
“other deposits”—that is, the deposits other than those of the
home Government—amount to just 40 millions sterling. It is
clear, therefore, that money will continue cheap for a long
time to come. It is understood that the joint-stock and pri
vate banks have at present deposits with the Bank of Eng
land amounting to 20 millions sterling, a most unusual
amount. Before 1890 the bankers’ balances for several years
seldom exceeded 10 millions sterling, and until about twelve
months ago they did not: exceed 15 millions sterling. Since
then they have been rapidly increas ing.
The half-yearly meeting of the proprietors of the Bank of
England was held at the Bank on Thursday, and a dividend
at the rate of 8 per cent per annum for the half-year was
agreed to. The Governor in his statement assured his hearers
that the decline in the dividend was not due either to fresh
losses or to writing off old losses; it was simply the conse
quence of the impossibility of employing much money profit
ably. His statement shows that very satisfactory progress
has been made in the Baring liquidation during the six
months. On the last day of February the Baring liabilities
of all kinds somewhat exceeded 3 ^ millions sterling. On the
last day of August they were £2,432,000, a reduction of con
siderably over a million sterling. SiDce the beginning of this
month further sales of Buenos Ayres water-works bonds have
been made, and it is now understood that the liabilities are
reduced to about 2 millions sterling. The Governor emphati
cally said that there would be no call upon the guarantors;
and he estimated the probable surplus that would finally come
to the partners in the old Baring firm at £667,000.
The India Council has been less successful this week in dis
posing of its drafts than for a considerable time past. It of
fered for tender on Wednesday, as usual, 40 lakhs, and sold
only about 26 lakhs at prices averaging slightly ovt r Is. l%d,
per rupee. The general feeling is that there had been too
much speculation during recent weeks in exchange, and that
the falling off in the applications for bills is a natural and
healthy reaction. It is not expected, however, that exchange
will decline much—firstly, because the Council has already
disposed of large amounts and need not press its bills upon
the market, and secondly because we are now approaching
the more active season, when exports ought to be large. A
sharp fall in silver to 29 5-16d. per ounce occurred on Thursday
There was free selling from the United States, and very little
buying either for India or for China. Yesterday the price re
covered to 29 9-16d.
The feeling upon the Stock Exchange continues very bull
ish, and every one is expecting a large increase of business
next month, when the city will be once more fully attended.
There is, however, very much less doing in American securi
ties than of late. There is a good demand, it is true, for
sound bonds; but speculation is greatly restricto 1 because of
the unfavorable crop reports. Still the feeling is very con
fident that business will increase by and by. In British and
Indian government securities there has been very little change
during the week, but Colonial securities have further ad
vanced. Cape of Good Hope 3% per cents, for example, have
touched 111. Early in the week the depression in the British
railway market continued, and there was some “bear” selling.
But there has since been a marked recovery, the immediate
occasion being a satisfactory dividend announcement by the
THE CHEONICLE,
540
[V ol. LIX
■North British Railway Company, one of the two principal
The following return shows the position of the Bank 0
Scotch companies. The South African gold and land market England, the Bank rate of discount, the price of consols &c
is fairly well supported, but business is. not specially active. compared w ith the last three years:
■Speculation during this week has been almost confined to Ar
1894.
1893.
1892.
1891.
Sept. 12.
Sept. 13.
gentine and Brazilian securities. During little more than a
Sept. 14.
‘Sept.18.
£
£
£
£
month a syndicate of capitalists has bought from the Baring C irculation............... *.................. . 25,530,210 25,755,405
27,152,720 25.177,503
«state about £1,100,000 worth of bonds of the Buenos Ayres Public deposits............. ......... .
4,026,482
3,336,137
3,306,915
1.623,933
Drainage and Waterworks. These bonds for the present bear O ther deposits............................... 39,947,379 29,925,914 31,277,153 31,859,188
G overnm ent se c u ritie s ............... 11,539,427
9,889,341 11,761.156
10,163,855
4 per cent but in 1899 they will again be entitled to 5 per O ther securities............................ 19,632,005 24,299,677 24,538,721
«cent. The average price is understood to have been about 60. Reserve o f notes and coin.......... 31,130,311 17,534,596 17,076,773 27,559,609
17,384,375
Since the beginning of this month a further large purchase Coin & bullion, both departm ’ts 39,860,521 26,890,009 27,779,493 26,311,880
70«
Prop, reserve to liabilities, .p. c.
52 9-16
48«
lias been effected, and it is understood that more will be Bank r a t e ........................per cent.
2
4
2
2%'
98 3-16
96 15-16
bought. It is said, too, that the syndicate has sold at a hand Consols, 2 « per c e n t.................... 102 5-16
8415-16
S ilver............................................... 29 5-16d.
34«d.
38«d.
113.164,
som e profit both in the home market and upon the Continent, so Clearing H ouse re tu rn s ............... 87,030,000 96,211,000
92,289,000 128,882,005
that it is almost free to proceed with additional purchases. All
The following shows the imports of cereal produce into the
this has exercised so stimulating an influence upon the Stock
Exchange that there has been an extraordinary rise in all Ar United Kingdom during the first two weeks of the new season
gentine securities. The bonds themselves have gone up nearly 5 compared with previous seasons:
IMPORTS.
points, Argentine railway stocks have risen 2 or 3 points and
1894.
1893.
1892.
1891,
Argentine Government stocks have risen from 1 to 2 points.- [m ports of w he a t. owt. 2,941,296 3,099,850 3,598,236 3,006,020
1,309,914
1,017,480
B
arley........................
648,572
614,266
"The country is gradually recovering. 9 The agricultural classes Oats.............
755,188
746,863
681,756
748,329
53,649
64,340
77,615
.are reported to be doing fairly well, and there is much less Peas..............................
33,468
334,690
202,188
B e a n s .......... .........
392,117
84,262
political excitement than formerly. There has also been a In d ian c o r n . . . . .........
1,564,049
962,625
2,056,656
743,901
752,217
1,085,916
680,0 L3
531,916
large speculation in Brazilian securities, especially in the F lo u r ............................
Supplies available for consumption (exclusive of stocks os
bonds of the Western of Minas Railway Company. These
bonds were brought out by the Messrs. Rothschild—about 3% September 1):
m illion sterling of them—but only about 2% millions were
«taken at the time. Now it is said that the remaining million
bas been disposed of, chiefly in France and Germany. There
has of late been considerable buying in London also, and all
Brazilian securities have risen sharply. The Brazilian coffee
erop is very large. Exports on a very considerable scale are
au progress, and trade generally is fairly good. At last the
exchange is rising decidedly. Hopes are entertained both in
Dondon and in Brazil that Marshal Peixoto will retire peac
eably when the time comes and that bis elected successor will
be installed in office without any trouble. If that happens,
there will probably be a further rise.
Upon the Continent the holiday season is not yet ended,
fa it as it is rapidly drawing to a close, business is improving
and every one is looking for greater activity. This week the
ch ief rise has been in Italian, Spanish and Turkish bonds.
There has also been a very considerable rise in German 3 per
cents. The new German loan has been granted a quotation
o n the London Stock Exchange, and the price has risen this
w eek from 91 to over 95^.
The rates for money have been as follows:
«
Ö
P
Etonclon ÄÇ
Open Market Rate*.
Bank Bills.
Trade Bills.
Six
Three Four Six
Three Four
a? Months Months Months Months Months Months
A ng.
“
"
“
S e p t.
“
10
17
24
31
7
14
2 9-16®— %® - 1 @ — 1 <®\% 1«@1&
2 9 1 0 3 « X® U 1 @ — v i ® m IX® «a —
2
1 h® 'm 1X&V4 IX® 2 9-16®— « 3 — 1 @ — 1 @1M IX® 15-16(311
© 1« IX® 2 9-16® —
2 «ft.9-16 9-1 6 » « 1516 ft- 1 © — V i® -
1«@2
1«@2
IX®2
1X®2
1X®2
1X®2
'äParis..................
B e rlin ................
H a m b u rg ........
F r a n k f o rt.......
A m s te rd a m ...
B ru sse ls .......
V ien n a.............
B t. P e te rsb u rg
B fad rid__ „ .
<3ooenh nsran...
Sept. 14.
Sept. 7.
Bank Open Bank Open
Rate. Markt t Rate. Marke
2X
3
3
3
2X
3
4
6
5
3
11-16
m
m
m
2X
3
3
1
3
m
vx
m
3X
1«
2X
m
3
4
6
5
3
3«
6
5
3
m
1«
5
5
3
August 31. .
Aug. 24.
Bank Open Bank Open
Rate. Market Rate. Market
1«
2X
3
3
3
2X
3
4
6
5
3X
4
5
5
5X
6
3«
5
5
3X
3X
sx
3X
2X
3
3
3
2X
3
U
IX
1«
IX
VX
1«
IX
1X
IX
Vi
m
The quotations for bullion are reported as follows:
GOLD.
SILVER.
London Standard. Sept. 14. Sept. 7.
London Standard. Sept. 11. Sept. 7.
s. d.
s. d.
d
d.
(B ar gold, fin e... .oz. 77 9 « 77 e x B ar silver, fine. ..oz. 23 9-16 29 13-16
B a r gold, parting.oz 77 10« 77 eu B ar silver, c o ntain
S p an , doubloons, oz.
XJ. 8. gold c o in . . .oz.
«German gold coln.oz
73 9
76 iX
76 iX
73 9
1893.
3,099,350
1,085,916
1,003,202
1892.
3,598,236
680,013
683,167
1891.
3,006,020
531987
534,157
T o ta l..................... 4,087,937
1894.
Xver. p rice w h e a t w eeh.21 s. 7d.
A verage p rice, se aso n ..2 2 s. I d .
5,188,968
1893.
25s. 75.
25s. 6d.
4,961,416 ~ 4,072,144
1892.
1891
29s. 5d.
41s. 2d
29s. 3d.
33s. 7d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
W heat................. q r s .
Flour, e q u a l to q r s .
Maize..... ............ q r s .
T his week.
L a st week.
2,233,000 2,202,000
339,000
285,000
231,000
239,000
1893,
2,532,000
354,000
357,000
1892
1,754,000
344,000
535,000
EJuscllsli. F i n a n c i a l m a r k e t s —P e r C a b le ,
The daily closing quotations for securities, &c., at London
are reported by cable a3 follows for the week ending Sept. 23:
London.
Sat
Mon.
Tues.
Wed.
Thurs.
Fri.
Silver, p e r o z ................... 293x6 29516 293xe 293,6 2 9 «
29«
101lBlfi lOllSja 10H»m
Consols, new , 2% p. cts. 1023ie 1 0 2 « 102
10115,8 10115,8 10115,8
F o r a c c o u n t.................. 1023,« 1 0 2 « 102
F r’ch re n te s (m P aris)fr. 1 0 3 1 5 102-80 102-80 02-87 « 102-70 102-55
U. S. 4s of 1 9 0 7 ..............
67«
67«
67k
C anadian P acific............ 6758
67«
68«
67«
6 6 « a:65k
Chic. Milw. & St. P a u l.. 6714
67
67«
9634
96«
Illinois C e n tr a l............... 9634
9 6 1«
96«
96k
138k
L ake S hore....................... 1 3 9 « 1 3 9 « 1 3 9 « 13834 138
5734
L ouisville & N ash v ille.. 5 8 «
58
58k
585s
57 V
Interes t allowed
60«
60«
M exican C entral 4 s ....... 6 0 «
60«
60«
60k
fordeposits by
N. Y. C entral & H udson 1 0 3 « 1 0 3 « 1 0 2 « 1 0 4 « 10 3 « 103k
15«
15«
15k
16«
16
Disc’t S ’st N. Y. Lake E rie & West. 16
78
2d consols...................... 78
78
, Joint
78
78
78«
Stock A t 7 to 14 N orfolk & W est’n, p re f.
19«
19«
19«
18«
19«
Banks. OaU. Days. N o rth ern Pacific, p r e f.. im
53
53
P e n n s y lv a n ia .................. 5 3 «
53«
53
53«
10«
9k
Phil. & Read., p e r share io sa
IO
8«
9«
X
X
X
13
U nion Pacific................. 1 3 «
14«
13k
13«
13«
X
X
X
1 4 « 14k
W
abash,
p
re
f...................
1
5
«
15
1
5
«
1
5
«
X
X
X
X
X
X
( f r o t t i r a e t x i a l ¡m x l f b X i s t J t l l u u z o u s U jm s
X
X
X
X
X ■X
N a t i o n a l B a n k s . —The following information regarding
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
feave been as follows :
Rates of
. in terest at
1894.
W heat.................. o w t. 2,941,296
Im ports of f l o u r ...... 752,217
Sales o f hom e-grow n. 394,424
ing 5 grs. gold..oz. 29 15-16 30 3-16
76 4 « Cake s ilv e r..........oz. 31«
32«
76 4 « M exican dollars..oz.
30«
national banks is from the Treasury Department :
NATIONAL BANK ORGANIZED SINCE LAST ADVICES.
4,979—The F arm ers’ N atio n al B ank of Lebanon, Pennsylvania. Capi
ta l, 100,000. Jo h n B. R anch, P resident. H a rry P. Moyer,
C ashier.
CORPORATE EXISTENCE EXTENDED.
2,207—The Boonville N atio n al B ank, Boonville, Ind., u n til September
17. 1914.
I mports and E xports for the W eek .—The following are
the imports at New York for the week ending for dry goods
Sept. 20 and for the week ending for general merchandise
Sept. 21; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT NEW YORK.
For Week.
1891.
Dry G oods____
Glen 1 m er’dise.
$2,121,554
8,249,415
T o ta l..........
Since Ja n . 1.
Dry G o o d s ...,.
Gen’l m er’dise
$10,370,969
$88,877,144
300,439,477
1892.
1893.
1894;
$2,782,106
4,857,285
$2,171.691
6,916,456
$1,640,050
5,316,509
$9,088,147
$6,956,649
$7,639,391
$93,206,113 PIOI ,758,926
321,824,346 329,552,883
563,514,901
’51,811,902
T otal 38 weeks. 6389.316,621 $415,030,459 8431,311,809 $3 15,356,803
in our report of the dry goods trade.
.
.
The following is a statement of the exports (exclusive ojj
specie) from the port of New York to foreign ports for the
week ending Sept. 25 and from January 1 to d ate:
.—
Se pt em b e r
THE CHRONICLE.
29,1894.1
EXPOHIS FROM
NEW YORK FOR THE WEEK.
1892.
1891.
$6,364,578
279,642,608
fo r the w e ek -. """$7,689,232
prev. re p o rte d . 258,374,200
1894.
1893.
$6,881,471
$7,939,043
265,105,987 260,993,767
Total 38 weeks. $266,063,432 $286,007,186 $273,036,030 $267,875,238
rl n.0 LülivWJLIAS^Wlfvi-V
-- —--- -- JL-----1
J-#
| . the port 0f New York for the week ending Sept. 22 and since
January 1,1894, and for the corresponding periods in 1893
and 1892:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Gold.
Great B rita in ...........
France...............
I Germany....................
West Indies...............
Mexico.......................
gouth A m erica.........
Week.
$.
Silver.
Im ports.
Week.
Since J a n . i
$15,438,800
23,763,999
31,600,000
5,000 12,053,440
47,205
530,067
851,785
$351 $1,688,902
6,227,096
1,659,567
3,688,219
23Ì',707
43,964
810,223
34,780
124,817
$%000 $84,285,296
277,8371 69,656,129
4,576 58,698,649
Exports.
$266,838 $14,242.788
1,299,396 56,414,264
22,733
6,553,489
Imports.,
All other countries.
Total 1894.........
Total 1893.........
Total 1892........
Since J a n . 1,
Week.
Since J a n . 1.
Week.
$ ............
South America..........
All other countries..
$669.2 33 !$23.456.934
394,000
268,100
185.920
53,297
. . . . ..
722,051
3,100
124,511
Total 1894..........
Total 1893..........
Total 1892..........
$672,333 $25,204,813
517,888 23,642,117
184,400 16,329,544
$79,560
33,038
55,190
49,252
14,113
16,195
Since J a n .l
$13,209
100,778
4,951
568,783
211,367
372,053
28,598
$1,299,739
2,858,278
1,843,686
Called Bonds.—The following have been called for pay
ment. The numbers of the bonds called may be learned at
the offices of the respective companies.
Ohio & Mississippi R ailw ay Co. E quipment Trust
Series A.—Fifty certificates of one thousand dollars each.
¡Interest will cease on October 1.
; Panama R ailroad 6 P er Cent S inking F und S ubsidy
Bonds.—Ninety-seven bonis will be redeemed on the 1st day
iof November.
Rich. Hill Short Creek & J oplin RR. F isst Mortgage
7 Per Cent B onds.—Four bonds of one thousand dollars
each of the Short Creek & Joplin RR. Co. and three of the
Rich Hill RR, Co. will be paid September 29.
New York Stock Exchange—New Securities Listed.—
The Governing Committee of the Stock Exchange have
listed the following securities:
Chesapeake & Oh io R a il r o a d Co.—A dditional issue of g en eral
mortgage 412 per oent gold bonds $ 2, 1 1 2 ,000, m aking th e to ta l am o u n t
[listed. $21,786,000.
Cleveland Cin c in n a t i C h ic a g o & S t . L o u is R u l w a y Co.—A ddi
tional issue of $2,5C0,000 first co llateral tr u s t m ortgage 4 p e r cen t
gold bonds on th e St. Louis division, m aking th e to ta l am o u n t listed
$9,750,000.
St. J oseph & G r a n d I sla n d R a il r o a d .— C entral T ru st Co. en
graved certificates of deposit fo r $3,875,000 of th e first m ortgage
bonds. The am ount of bonds on th e list is to be red u ced by this
amount, and the C om m ittee on Stock L ist is em pow ered to add to th e
list from time to tim e ad d itional certificates of deposit as officially
notified that fu rth er am ounts h ave been issued.
I Seaboard & R o a n o k e R a il r o a d C o.—F i r s t m o rtg a g e 5 p e r c e n t
currency bonds »2,5 ..■0,000.
Southern-Richmond Terminal.—At the auction sale of
(stocks and bonds held on Tuesday to perfect the Richmond
Terminal plan of reorganization, the following prices were
Realized: $763,000 East Tennessee Virginia & Georgia Railway
(Company 1st extension mortgage 5 per cent bonds, 40; $230,W
OOEast Tennessee Virginia & Georgia Railway Co. general
mortgage 5 per cent bonds (D., M. & Co. reorganization cer
tificates) 55; $221,000 Washington Ohio & Western Railroad
Co. 1st mortgage 4 per cent bonds, 74; $100,000 Central Rail
road & Banking Co. of Georgia S per cent consolidated mortteageb°nds,45;8,200 shares Virginia Midland RailwayCo. stock,
1*0; 4,400 shares East Tennessee Virginia & Georgia Railway
(Co. 1st preferred stock, 25c. per share; 16,200 shares East Ten
nessee Virginia & Georgia Railway Co. 2d preferred stock, 10c.
Iper snare; 500 shares Charlotte Columbia & Augusta Railroad
10°. stock, 26; 3,462 shares Richmond & West Point Terminal
|i“aj”?ay & Warehouse common stock, 5c. per share; $250,000
paltimore Chesapeake & Richmond Steamboat Co. certifijcates of indebtedness, 40; 2,500 shares Baltimore Chesaro-fl ri ^ chmorid Steamboat stock, 25; $508,000 Georgia
Facmc Railway Co. 6 per cent equipment bond, 98; $253,000
liwfnAn
Rahway Co. 5 per cent equipment bonds, 93;
p <o,UD0 Pacific Railway Co. consolidated 2nd mortgage 5
& Co. reorganization certificates), 53;
ILivi ’ j Richmond & Danville Railroad Co. 5 per cent conLfi„^tea Mortgage bonds (D.,M . & Co. reorganization cerK fl®
$899,000 Richmond & Danville Railroad Co. 6
£ t,ceiQt equipment bonds, 96; $10,000 Richmond & Danville
-iVt0, ®Per cent equipment bonds, 96: $325,000 RichLp a a i,8* R°int Terminal Railway & Warehouse Co. 5
wata t c°*lateral trust b nds, $16 per bond. All the lots
|L <^U+u as<r? by C. H. Coster, of Drexel, Morgan & Co., for
fifie Southern Railway Company.
_
—The committee of the holders of Colorado Midland first
mortgage bonds and consolidated 4 per cent bonds request
holders of the same, in view of the fact that a bill for fore-'
closure of the consolidated mortgage has been filed, and the?
first mortgage interest being in default, to deposit their bonds
with the Central Trust Company in order that the measures
necessary for the foreclosure of the mortgages and the pro
tection of the property may be proceeded with. The Central
Trust Company will issue receipts for bonds so deposited.
—The holders of a large amount of the stock of the Cornstock Tunnel Company have appointed a committee for thepurpose of soliciting proxies to vote at the annual meeting,,
with a view of electing a new board of managers who will*
“rehabilitate” the company. Proxies may be sent to Mr. R...
Hobart Smith, care of William Alexander Smith & Co., No».
70 Broadway. See advertisement,
—Attention is called to the advertisement on the 8 th page1
of the Chronicle by a gentleman of experience in W a ll
Street who seeks a responsible or confidential position. H e i»
personally known to the publishers as a man of long experi
ence in the Street and as belonging to a family whose name iss
honored among bankers.
—The coupons due Oct. 1st, 1894, on. the Tennessee division
bonds of the Tennessee Coal Iron & R lilroad Co. will be paid
on and after that date at the Fourth National Bank. The;
coupons on the Alice Furnace Company bonds due Oct. 1st,,
1894, will be paid on and after that date at the Mechanica*
National Bank,
—The enterprising bond house of Messrs. Harvey Fisk
Sons of New York will open a B >ston office about October 1 ate
No. 75 State Street. Mr. C. P. Phelps, at present manager off
the Lamprecht Bros. & Co. office, will have charge of it.
—Messrs. Kidder, Peabody & Co., Boston, offer $300,000
city of Portland, Oregon, water loan 5 per cent bonds.
City Railroad Securities—Brokers’ Quotations.
Bid. A sk,
Bid. A sk.
A tlan. Ave., B ’k ly n —
D. D. E. B. & B a t’V—S tk .. 135
110
Gen. M. 5s, 1909... A & 0 102 ¡ I hn
S c rip ................. ................ 100
Im p t. 5s, g„ 1934...J & J
E ig h th A venue—Stock__ 250
Bleek. St. & F u i. F .—S tk. 29
30
Scrip, 6s, 1914................. 100 .
1st m ort., 7s, 1900.J & J 110
42d & Gr. St. F e r.—Stock 30 o f
B’w ay & 7 th AVe.—Stock. 185 ]83
42d St.& M an.& s tN .A y . 50
1 st m ort., 5s, 1904. J& D 106
l8 tm o rt. 6s, 1910..M&S 110
2d m o r t , 5s, 1914 . J & J 104
2d m ort, income 6 s .J & J 53
B ’w ay 1st, 5s, guar. 1924 107
H . W . St. & P . F e r.—S tk. 200
2d 5s, in t. as r e n t’1.1905 105
1st m ort., 7s, 1894. .J& J 100
Consol 5s, 1943__ J & J 109% 1097a Long Is la n d T ra c tio n ....... 12%
B rooklyn C ity—N ew s tk . 168 169
M etropolitan T ra c tio n __ 116
Consol, os, 1941 ..J & J 112% 114
N inth A v enue..................... 140
B ’k ly n C rosst’n 5s. 1903 105
Second A venue—S to c k ... 134
B rooklyn T ra c tio n ............ 15
1 st m ort., 5s. 1909.M & v 102
16%
C entral C rosstow n—S tk .. 155
D e b en tu re 5s, 190o.J& J 100
1 st m ort., 6s, 1922.M&N 119 120
S rxth A venue—S tock....... 200
Cen. P k . N.& È .R iv .—Stk 154 160
T hird A v en u e..................... 186
Consol. 7s, 1902....J & D 111
1st m ort., 6s, 1937 . J &J 116
C h rist’p ’r & 10th S t.—Stk. 145
T w enty-T hird St.—Stock. 290
1st m ort., 1 8 9 8 ___A&O 105 ......
Deb. 5s. 1903................... 100
101
......
105
52
¡112!;
____
12%
____ ^
__ _
135
___ m
__ ^
188
118%
.....
N. Y. and Brooklyn Gas Securities—Brokers’ Quotations.
GAS C O M P A N IE S .
Bid. Ask.
B rooklyn G as-L ight......... 108
C en tral......................
105
C onsum ers’ (Je rse y City). 5»
85
C itizens’ (B ro o k ly n )......... 60
J e rs e y C ity & H obo k en .. 180
M etropolitan—B onds........ 105
M u tu al (N . Y.................... 147
N assau (B ro o k ly n )........... 155
S c r ip ........___ . . .
100
N . Y . & E a s t R iv. 1 st 5s.. 81
62
! 50
165
82
GAS C O M P A N IE S .
Bid. A s h .
People’s (B rooklyn). ..... 75
Peoples’ (Je rse y C ity )___ n o
M etropolitan (B rooklyn). 145
B onds, 6s .7......................
F u lto n M unicipal..............
Bonds, 6 s ............... .........
E q u ita b le .............................
Bonds, 6s.......... ................
Standard p r e f ... . . . . . . . . . .
Common................. .
150
105
133
105
170
107
79
27
i*75~
109
82
35
Auction Sales.—Among other securities the following, no fe
regularly dealt in at the Board, were recently sold at auctions
By Messrs. R. V. Harnett & Co.:
Shares.
I
Bonds.
175 Rom e G as L ig h t Co. (of
| $1,000 Lotos Club ts ,in c o m e .
Rom e, G a ) ................$ 2 0 0 lo t. I 1 8 9 8 ..............................
7550 M ercantile N at. B a n k .. 182 |
By Messrs. Adrian H. Muller & Son :
Shares.
15 In v e sto rs’ S ecurity & Ac
counting Co . . ............$20 lot.
10 N ew E ng. L oan & T r. Co.lOO
100 T exas & Pac. Coal C o .... 40
1 M em bersh. N. Y. Society
L ib r a r y ...........................$ 1 5
g a tiM tx s
and
Bonds.
$4,000 P a n a m a UR. 6s, a. .
subsidy, 1910. M&N......... 9 7
$ 1,000 lu t e r a a t ’al B ridge &
T ram w ay Co. 1 st 8s. J & J .. 4 1
$102,000 N. Y City D ist.W at’r
Supply Co. 1 st 6s, 1 9 2 2 ,.... &
fin a n c ia l*
S pen cer T rask & Co.,
BA N K ER S,
10 W A LL STREET,
N E W Y O R lt» .
S t a t e a n d J a m e s S t r e e t s , A lb a n y .
Bonds and Stocks Bought and Sold on Commission. Dealers in State, City aawSfc
Railroad Bonds. Correspondence invited.
S amuel D. D avis & Go.,
BANKERS,
NO. 40 W ALL ST., NEW YA ll I t .
S a m u e l D . D a y is .
C h a s . B , V a n N o s t r a n i»
THE CHRONICLE.
542
T h e
fVovLlX
quickly taken, sugar and coffee importers and up-town mer
chants being prominent buyers. An increase in the rates of
discount at London and the principal Continental cities has had
the effect to strengthen the exchange market here.
To-day’s actual rates of exchange were as follows : Bank
Boole» Closed. < ers’ sixty days sterling, 4 85%@4 85%; demand, 4 86%'»
4 86% ; cables, 4 86%@4 86%.
(D ays inclusive.)
Posted rates of leading bankers are as follow s:
j a n k e r s ’ (S a ^ e lir.
DIVIDENDS.
W hen
Per
Cent. Payable.
Nam e o f Company.
R a ilro a d s .
Concord & M o n tr e a lClass I., B C. & M. pref. (quar.)
Class IL,B . C.&M.. new (quar.)
C lass I II., B.C. AM..old (quar.)
Class IV .,C oncord (quar.).........
C um berland V alley (quar.).........
D el. Lack. & West, (q u ar.).......
M aine C entral (auar ) ...................
S'. Y. Cent. & H ud. R iv er (quar.)
E itts.F t.W .A Ch.,spec. gu.(quar.)
Do « m do
guar, (quar.)
U tica & Black R iver g u a r............
R an k s.
to
Oot.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
to
4 to Oot. 21
to
Sept. 30 to Oct. 15
---------- to ----------
Oct.
Oot.
Oct.
C hatham N ational (quar.)............
F irs t N ational (q u a r.). . ................
G allatin N a tio n a l..........................
Do
do
(e x tra )...............
35888 T r u s t Com panies.
B rooklyn, B rooklyn (quar.).........
C o n tin en tal (q uar.).......................
M is c e lla n e o u s .
A m erican B ell Teleph. ( q u a r )...
Do
do
do
(e x tra ) ..
C e n tral & So Am. Teleg. (quar.)
F u lto n Munio. Gas, B ’klyniquar.)
M etro p o litan T raction (quar ) . . .
M exican T elegraph (quar ) .........
Ohio F alls ■a r Mfg. pref. ( q u a r )
5
1%
Oct.
Oct.
Oct.
l'S e p t. 21 to Oct. 1
10 Oct. 1 to Oct. 10
Oct.
Oct.
Oot.
Oot.
Oct.
Oct.
14
15
3
15
15
10
1
Oct.
Sept.
Sept.
Oct.
Oct.
Sept.
1
30
30
3
4
28
to
to
to
to
to
to
Oct.
Oot.
Oct.
Oot.
Oot.
Oct.
1894.
Sept. 22.
O ffóren’sfrom
Prev. week.
1893.
Sept. 23.
1892.
Sept. 24
$
61,622,700
71.041,900
497,919, «00
10,440.500
587,928.100
91,862,400
115,094,300
206,956,"00
146,982,025
$
$
60,422,700
71,594,800
392,145,600
13.610.300
383,9 47,000
76,662,400
34.931.300
113,596,700
95,986," 59
$
60,422,700
67,390,500
466,657,700
5,645,200
480,522,900
73,443,000
51,738,600
125,181,800
120,130,725
I n e .2,832,300
In o . 369,700
In o . 1,293,700
I n c . 574,100
Deo. 229,700
I n c . 344,400
I n c . 323,425
S u rp lu s reserve 59,974,675 I n c .
Demand.
Prim e b an k ers’ ste rlin g b ills on L o n d o n .. 4 86 ®4 86*a 4 87 ®4 87ij
P rim e com m ercial.............. . . . . . . . . . . — 4 84%®4 85 !
.........“
D ocum entary c o m m e r c ia l....... . . . . . . . . . . 4 34% *4 8 4 V
P aris b an k ers (fran cs)
........... . . . . . . . . . .
5 in^®Lo8
i>,5 40%® iOBii
A m sterdam (guilders) b a n k e rs............
4 0 l)6®40%
F ra n k fo rt o r B rem en(relohm arks)b’n k ers
95V® 35% I 959|a®9511*^
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buy:™
3-16
discount, selling 1 16 discount; Charleston, buying % dis
1 Sept. 29 to S ept. 3T
count;, selling par; New Orleans, bank par ; commercial
25 discount; Chicago, 35c. per $1,000 discount; St. Louis
6^Sept. 27 to Oct. 5
50c. per$l,000 discount.
WALL, STREET, FRIDAY, SEPTEMBER 28, 1894-5 P. M.
The Money Market and Financial Situation.—Business
at the Stock Exchange during the week has been subject to
lew disturbing influences of a new character. Fluctuations
have been within a narrow range and confined principally to
stocks which are manipulated by speculators, and therefore
have little significance as reflecting the general situation.
Nearly all the later reports of railroad earnings give evi
dence of more prosperous business conditions. The trunk
lines report the westward-bound freight traffic largely in
creased, and the movement of iron, coal and coke is steadily
growing, all of which is encouraging.
'.
The latest information from the West received during the
week is to the effect that in a considerable portion of the corn
belt the crop is not quite so badly damaged as has been re
ported, while in the South the corn crop has been good and
w ill contribute much to the prosperity of that section. Cot
ton is so promising that extravagant reports of the size
of this year’s crop are breaking the price, but the rail
roads will get the benefit of a large freight tonnage, though
they may carry it at a low rate.
The silver planks in the various political platforms are not
very alarming, as President Cleveland’s veto will stand in op
position to any silver attacks during the balance of his term
o f office, and long before that term expires we hope for such
an improvement in business that the silver agitators w ill virtually be disarmed.
There is a great pile of money in the world waiting for in
vestment. In England and on the Continent idle funds have
been accumulating ever since the Baring crisis, and there is
little doubt of a renewed investment in our railroad and mis
cellaneous securities just as soon as the earnings of the com
panies begin to show an improvement that looks like a per
manent change for the better. The English say, as usual, we
w ill be ready to purchase your stocks and bonds just as soon
as you show more confidence in them yourselves by taking
them at higher prices.
, . $
,
. ,
The open market rate for call loans during the week on stock
and bond collaterals has been 1 per cent, all the business being
at that figure. To-day rates on call were 1 per cent. Prime
commercial paper is quoted at 3 to 4 per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £862,218, and the percentage
of reserve to liabilities was 70 96, against 70 67 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows a decrease of 816,000 francs in gold and
2,567,000 francs in silver.
"
The New York City Clearing House banks in their statement
of September 22 showed an increase in the reserve held of
$344,400 and a surplus over the required reserve of 59,974,675,
gainst $59,953,700 the previous week.
C a p ita l.................
S u r p lu s ..............
L oans & disc’n ts .
C irc u la tio n . . . .
N e t d ep o sits.......
S p e c ie ........... .
L eg al te n d e r s ....
R eserv e h e ld .....
L eg al r e s e r v e ....
Sixty Days.
September 28.
Nov.
17,609,950'
.5.051,075
U nited States Bonds.—Sales of Government bonds at the
Board include $5,000 5s, coupon, at 119%. Quotations are as
follows :
Interest Sept.
Periods 22.
Sept.
24
Sept.
25
Sept.
26
Sept.
27.
2 i.
2 s , ........................ reg. Q.-Meh. * 96 1 96 * 96 * 96 * 9 6 * 96
4s, 1907............... reg. (3.- J a n . *114 *114 *114 *114 ‘i m *113%
4s, 1907............ coup. Q - J a n . *115 *115 *115 '115 *114% *i.H%
5s, 190 4 .............. reg . (J.- Feb. *119% *119% *119*4 '1L9*4 *119
119
5s, 1904............coup. <5.- Feb. *119% *119*4 119% * 119% *LL9 *119
6si o u r’cy,’9 5 — reg. J . & J. *101 *101 *101 *101 ‘101 *101
6s, o u r’cy,’9 6 — reg. J . & J . *104 *10 4 *104 *104 '104 *104
6si o u r’ey,’9 7 .... reg. J. & J . *107 *107 *107 *107 '107 l107
*110 * L10 '110 *110
6s, o u r’cy,’9 8 ....r e g . J. & J . *111 n u
'I 3 *113
68, o u r’oÿ ’99 ...r e g . J . & T. *113% *113*4 *113 ' I I I
4s, (Oher.)’96-99.reg. M arch. *03-5% *03-5% *03-5 * *03-5 4 :«03-51Í *05-5%
*T hisis t h e o n c e old a t cue m orning o o a r a ; ao
#<*» maae.
United States Sub-Treasury.—The following table shows
Date.
Receipts.
P a ym en ts.
$
2,138,826
2,575,692
2,400,243
2,177,576
2,822,477
2,469,487
1$
3,269,230
2,432.265
2,009,493
2 ,2 4 ',3 8 0
2,447,975
2,265,778
T otal 14,584.301
14,669,121
Sep.
«
“
m
«
«
22
24
25
26
27
28
- Coin.
$
75,694,120
75,631,111
75,7 <5,195
75,684,303
75,744,979
75,658,394
BalancesCoin Cert’s. Currency.
$
1,832,970
1,766,637
1,697,952
1,500, ¿61
1,514,185
1,523,0,5
$
61.362,416
61,655,185
61.950,534
62,192,312
6 ¿,49 ¿,213
62,773,618
.............. . . . ' ...............
State and Railroad Bonds.—Sales of State bonds at the
Board have been very limited, including $1,000 Louisiana
con. 4s at 96 and $7,000 Va. 2-3s of 1991 at 58%.
The market for railroad bonds has been only fairly
active, those of the better class being readily taken,
when offered, at about former quotations. Among the most
active bonds are the Phila. & Reading issues, which have de
clined considerably in sympathy with the stock, although the
Olcott-Earle plan of reorganization seems quite favorable
for the bondholders, and the assessment on both stock and
bonds is very moderate. The 1st pref. incomes close at 33
against 35%, 2d do. at 22 against 24, 3d do. at 17% against
19% and geni. mort. ¿s at 78% against 80%. The Atchison
bonds have been less active than usual and somewhat weak,
4s closing at 71 and 2d 3-4s Class A at 23. Richmond Ter
minals have also been weak ; the 6s Trust Company certs,
stamped close at 68% and coll, trust 5s trust receipts at 3i%.
Railroad and Miscellaneous Stocks.—In the stock mar
ket interest has been divided between the industrials and tne
granger stocks. Of the former American Sugar has been
most active, but weak, and has declined from 95% at tne
close of last week to 90% to-day, ostensibly on account o
the report that some of the refineries are to be shut down
but more probably for reasons which are not apparent to out
siders. Chicago Gas was sold freely early in the week on^re
ports that coming legislative action will favor eompetmg
companies; later it was more steady, but closes^at
against 71% last week. Distilling & Cattle Feeding has been
decidedly weak on reports of heavy indebtedness of the co
pany, talk of an assessment of the stock, a receiver, «0., a
closes at 9% against 10% last week._ Gen. Electric became
strong on reports from Boston of an increasing income
the buying up of its bonds by the company, but weakenea
to-day, closing at 38% against 38%. The grangers have
■
prominent in the railroad list. Burlington & Quincy d PP
two points early in the week but has regained a poraon
of the loss, closing at 73% against 74%. St. Paul has
steady, closing a fraction lower at 64%. Rock Island
j
closing at 61. Phila. & Reading has been weak and deck
to 18, against 20% last week, owing to the u n f a v o ra b le
ception of that part of the reorganization Pla n ^J.
leaves the final control of the company with the bondholders
21.975
There was unusual activity in N. Y. Cent. & H. R.
Foreign Exchange.—The market for sterling and Conti Monday and it sold down two points on reports that toe
dental bills has ruled firm, with a tendency to higaer prices. dend would be reduced, but the price recovered a lte r
An increase of cotton bills is noted, but all offerings are regular quarterly dividend of 1% per cent was declared.
SEPTEMBER 29, 1894. J
THE CHRONICLE,
5T3
NEW YORK STOCK EXCHANGE—AC TIVE STOCKS fo r week ending SEPT. 28, and since JAN. 1, 1894.
H IG H E S T AND LOWEST PR IC E S.
Saturday,
Sept 22.
Monday,
S e p t 24.
T uesday,
Sept. 25.
W ednesday, T hursday,
Sept. 26.
Sept. 27.
F rid a y ,
Sept. 28.
STOCKS.
A c tiv e R R , S to c k s .
Sales of
th e
Week,
Shares.
R ange fo r y e a r 1894.
Lowest.
H ig h e s t
6
6*4 A
6
6%
6
6*8
7,263
3 J u ly 23 16 Mar. I d
*1*4 1*3 *1*4 1*3
1*9 1*3 A
250
Jan . 2
1% M ar. 28
77
*76
78
77
E
144 67 J a n . 2 81*3 Apr. 8
77*3 77*3
*76*3 77%
66
*65*4 66 C
600 62% Ju n e 11 73*s J a n . 18
'65*9 66*4 *65
65% 66
51%
51%
51*2 51*9 C
320 47 J a n . 3 53% Aug. 2d
*51*3 52*3
51% 51%
1 1 2 112*8 1 1 2 1 1 2
111*2 111*2 C
633 104 M av 31 117% Mar. 8
113*s 113%
6,041 16 M ay 21 21% Aug. 31
19*3 20*s 19% 19% 19% 19% C
*2***3 20% 20 % 20*3
*141 145 '142 145 '142 144 C
1 130 Peb. 12 142 J u ly 8
*141 145
74*2 C
73*8 74% 73% 74*3 73
117,380 70 Aug, 7 84*e M ar. 21
74*3 75% 73*8 75*4 72% 74
îhleago & E a s te rn Illin o is ...
52 J u n e 1 55 Feb. 27
93 M ay 23 97% S e p t 12
L . Do
p ref.
■65” '6 5 % '64% ' 65*9 '6 4 % *65% "64% ”65*8 ”64*8 65*4 CChicago M ilwaukee & St. P a u l 106,072 54*4 Ja n . 3 67% S e p t 8
122*2 122*3 122 123
479 116 Ja n . 2 123*s M ar. IS
122% 123% 122*3 123*3 123 123
_ . Do
p re f.
*122*4123
102% 103% 102% 103*4 102% 103% 102% 103*4 102% 103% CChicago & N o rth w e ste rn ____ 10,806 97 Ja n . 3 110%June 7
103*8 104
143 143
142*3 143*2 _ . D °
143 143
309 135*3 Ja n . 4 145 Apr. 9
p re f.
61*4 62
61*4 61% 60% 61*4 CJhieago Rook Isla n d & Paeifle 42,675 60% Sept. 21 72% Apr. 7
60% 61% 60% 61% 60% 61%
36*3 36% 36*4 36*4 36
36 CChicago St. P a u l M inn. & Om.
1,135 32*e Ja n . 3 41% Apr. 7
*36
37*3 36*2 36%
*112 114 *110 114
113% 113%
100 109% Ja n . 4 116 A pr. 18
*112 114 *112 114
Do
p ref.
39% 39% 39% 39% 39*8 39*9 39*3 39*s 39% 40 cfieve. Cinein. Chic. & St. L ...
1,318 31 J a n . 10 42 Aug. 25
40
40
Do
p re f.
J a n 18 88 M ay 12
"400 78
*18% 19*2 19% ”Ì9% 19% 19% *18*3 19*3 18*3 18*2 18% 13% Clolum bus H ocking V a t & Tol
15 % Ju ly 11 20% M ar. 31
65
*65 ......... *63 ......... *63
100 57% M ay 23 66 Ja n . 12
*63 ......... 65
Do
p re f.
134 134 I
135 135 '132*2135
1,001 126% J u ly 9 144*3 Apr. 7
135*3 135*3 135*3 135*s 135 135
171*3 171*3 I
875 158 M ay 21 174 S e p t IS
172*3 172*8 171% 172 *169 171 *169 171% 171% 172
1 1 % 1 1 % *11*8 1 1 % 11*8 11*8 I
210
*il% 1 2 *s 1 1 % 1 1 %
9*4 Aug. 7 12*3 Aug. 20
*34
31%
34*4
34*4
34*3
33*4
34*4
34*4
1,226
34*3
34%
*35
36
Do
pref.
24 J u n e 22 36% S e p t 10
*11
12*3 1 0 % 1 0 % * 1 1
12*3 1
10
*11
12*3
*11
12
||% J a n . 19 12% Sept. 11
*18
*18
21
21 I
*18
21
*18
21
*18 21
11*3 J u n e 23 19% S e p t 7
*13
14*s *13
14*3 *13
14%
*13*s 14*3 *13*3 14*3
4*3 M ar. 28 14*4 S ep t. 18
*45
50
“45
*45
50
50 1
*45
50
*45
50
*45 50
48 Aug. 21 68 A pr. 20
50 100 Ja n . 4 106 Apr. 9
103*3 103*s *101 103 *101 103 *101 103 *101 103
*101 103
*93
94
93
93
94*3
*93
94*3
94*4
82 89 J u ly 9 95*4 S e p t 11
93*4 93*4
*93*s 95
9
7*3 7%
8*3 8*3 *8
8*3 8*3
480
8*3 8*3
*8*3 9
6 Ja n . 2 11% Apr. S
*30
32
*30
32
”28
32 • *28
30*2
*30
33
*30 32
Do
pref.
23% Ja n . 4 39% Apr. 9
*16
17
17% *16*3 18
16
16
17*2
18
” 630 13% Ja n . 12 19*4 Aug. 24
18*4 18*4 1 S
>E rie & W e s te rn ..............
72
72*4 *71
73
72% 72*8
73
73
*72*3 74
519 63 Ja n . 3 74 S e p t IS
*73 74
Do
pref.
135
1,052 118% Ja n . 3 139 Aug. 23
136*4136*4 135*8 135% 135*8 135*8 135 135*4 134*s 134*9 135
86
*87
89
*87
89
86
*87
89
2 87 M ay 22 100 Ja « . 9
*87
89
il% 1 2 % 12*8 1 2 % 1 2 % 1 2 % 12*8 12*8 12*3 1 2 % *12*3 1 2 % ]
3,385 10% Sept. 2 i 22 Apr. 18
56%
57 57% 56% 57*8 •56*4 56% 55% 56% 55% 56% 56
19,400 40% Ja n . 12 57% S e p t 22
•7 % 8*3
7%
*7*9 8*9 *7% 8*9
*8
9
8*3 8*3
8
514
6 Jo n e 5 10 J a n . 22
26
27
*23*3 26*s *24
23*4 25*4
*25 27
26*3 26*s *23
438 19 J u ly 9 40 J a n . 8
Do a
p ref.
116% 117*3 115% 116*9 113*2 115*9 115*2 116
3,646 111*3 Ju ly 31 127% Apr. 28
*117*3 11 '*2 117 118
98
98% 98% 98*3 98%
462 94 .July 23 100% Feb.
98*4 98*4 98*3 98*3 98*3 98% 98
14
*13
14
*12% 14
13*4 13*4
13*3 13*3 *13*4 14*3 *13
310
2 Sept. 11 13% Apr. 7
30
*27
29
'27*3 30
*27 29
*27*3 29
*27*9 30
*27*3
Do
pref. ,tr. re c ts.
15 Sept. 12 38*3 A pr. 9
15% *14% 15% *14*3 15% 14*2 14*s *14% 15*4
*14% 15*3 *15
" ”l 5 12 Ju n e 23 16% Apr. 7
ouri K an sas & T ex as___
*22
*22% 24
*22% 24
23
*22*3 23% 22*3 22*3 22*4 22*4
255 18% J u n e 25 27*8 A pr. 9
Do
p re f.
28% 28*3 27*8 28% 26*3 27% 26% 27*4
28% 29*4 28*8 29
15,665 18*4 Ja n .
32*s A pr. 7
*19
19
20
20
20
*19*2 21
*19*3 2 0 *í 19*4 19*3 19
500 15*3 Ja n .
22 M ay 15
*67
*67 ......... *65 ......... *65
70 Ja n . 19 74 Apr. 18
x99%
99%
ib i 101*4 99 100*3 99% 100*8 100 1 0 1 *s 10 1 10 1
9,069 95*4 M ay 24 102*3 Aug. 23
14% 15
*14*4 15*4 13% 13%
*14% 15*8 14% 14%
312 13*s M ay 22 16% Apr. 9
*65
70
*65
*65 70
70
*65
70
*65
70
Do
1 st p re f.
62 J u ly 31 75*s Feb. 3
*26% 28*3 *26% 29
*27
28*s *27
28*3 *27
28*3
Do
2d p re f.
25 J u ly 31 34*4 Ape. 2
15% 15% *15% 15% 15% 15% 15*8 15*4 14% 15*8 *15
15*4
2,683 11*4 Ju n e 25 18% Mar. 28
Y ork L ake E rie dc W est’n
*31 ........
29
29*4 29*4
31
31
29*3 29*3 29
600 25*4 M ay 21 39*4 M ar. 27
Do
p re f.
27% 28*8 1í 32*8 33*4 lì32 *3 32% 1*32*4 33% ÏÏ31% 32% ÏÏ31% 32
11,335 ||3% M ay 19 U 33% S ep t2 0
*178 181
*178 181 *179 182
179 179
179 179
9 178 J u ly 11 195 M ar. 15
16% 16% 16% 16% *16% 17*2
17*8 17*4 17
17*4 16% 17
1,715 14 J u n e 25 17% S e p t 4
16% 16% *16*3 17
*16% 17*4 17
17
17
17
16*4 16*4
420 13% J u ly
17*3 S e p t 13
47
47
46*s 45% 46
46*3 46%
46*8 46*3 46
46*4 46*4
132 36 M ay 21 48 S e p t I S
Do
p re f.
8*4 8*4
7%
7%
*7*3 8*9
7%
7%
8
8*4
8*9
8%
835
oik & W esten
4 Ju ly
9*8 S e p t 5
24% 24% *24*9 25
*25*4 25% 25% 25*4 25
25
25*8 25*8
710 17% J a n . 19 26% S e p t 8
Do
*4% 5*4 *4% 5*8 *4%
4% 4*2 N orthern P acific.
4*3 4%
4*4
4*4
880
5*4
3*3 Ju n e 22
6*4 M ar. 20
18% 19
18*3 19*4 18% 18% 18*8 18% 18*8 18% 18% 18*2
Do
4,617 12*s M ay 21 23% Mar. SO
*15 18
*15
20
*15
18
20
*15
20
*15
*15
20
12 Aug.
17
Aug. 8
22 22
24
24
'2 3
25
23
23
'2 3
25
*23
25
” 320 10 J u n e 20 30 Mar. 7
*S
9*2 *9
7% 7%
9*s *7*3 8*3 *7*8 8*3 *7% 9*3
10 4*4 Ja n .
10% A pr. 8
*3*3 4
4
4
3%
3% *4
4
4%
3%
3%
4*4
495
2% Aug.
6% Aug. 23
20*3 21*8 20% 21
18% 20
17*4 19*4 17*9 18*4 17% 18*8
40,060 14% May 21 23% M ar. I d
19*3 19*3 19*s 19% 19*4 19*3 19*4 19*3 19*3 19*3 *18*3 19 P ittsb u rg Cinn. Chic. & St. L .
1,770 10*3 Ju ly 12 21*4 S e p t 11
*51 53
51
51
52
51
51
52*8 52*s *50
50*3 51
472 42 J u ly 20 54 S e p t 5
Do
p re f.
18% 19
18% 19
18% 18% 18*4 18% 18*8 18% 18*4 18% R.&W.P. T er.,tr. r .5 th asst.pd
9,945 || 2 Ja n . 15 19% S e p t 12
*23*2 24*3 23*4 23*4 *23*s 24*s 23*s 23*3 23
23*3 *22*s 23*2
509 12*s Feb.
Do
p ref. tr . re c ts.
25 S e p t 11
Rio G ran d e W estern
15 Feb.
15 F t* . 1
*4% 5*4 *4% 5*4
4*9 4*3
4*4 4% *4% 4%
*4*4 4%
110
3 J u ly 31
5*3 A pr. 5
9*3 9*3
9
9
8%
8%
*8% 9*4 *8% 9*4
8%
8%
Do
p re f.
610
7 J u ly 11 11 Apr. 5
*22 25
*22
25
*23
29
29 St. P a u l & D u lu th .....................
*23
29
26
26
*25
100 22 S e p t 21 28 Aug. 21
*85 93
*85
95
*80
83
95
83
*85
*80
93
*80
Do
p ref
88 Ja n .
95 Mac. 99
*103 110 *103 110 *103
102*3 102*9 *103 108 *103 108 St. P a u l M inn. & M a n ito b a ...
10 100 Ja n .
107 M®y 5
20*3 20% 20% 20% 20% 20*3 20*3 20% 20% 20% 20*s 20*3 S outhern Pacific Co....... ..........
2,040 17*3 J u ly 23 25 M ar. Id
13% 13% 13% 13% 13% 13% 13*9 13% 13% 13*3 13*2 13% S outhern (when issu e d ...........
5,256 12 Aug.
14% S è p t 13
43% 43*s 43
43*4 43
43% 42*3 43% 42
42*s 42*3 42% Do., p re f. (w hen issu ed )___
3,590 34*4 Aug.
45*4 S e p t 13
10% 10*8 10% 10%
*9% 10*4
9%
9%
9% T exas <& P acific............
9%
9*4 9*2
2,345
7 Ja n .
10% Aug. 20
7*4 8
8*6 8*s
8% 9%
8*4 9%
7*3 7*3
7*2 7*0 Toledo Ann A rbor & N. M ich.
6,885
3 Aug.
11% A pr. S
*41 ........ *41 ......... *43
*40
48
45
45
48
*40
Toledo As Ohio C e n tral.............
100 34 J u ly 28 45 S e p t 21
*71 80
*71
80
*71
80
80
*71
80
*70
*71
80
Do
p ref
75 Ja n .
75 Ja n .
13% 13% 13% 13% *13*8 13*3 12% 13
12%
*12*3 12% 12%
Union P acific....... ....................
1,125
7 Ju ly 30 22*s M ar. 31
*4% 5*8 *4% 5%
*4% 5*8 *4% 5%
4%
4%
4*3 4*3 Union P acific D en v er & G ulf.
200
3 Aug.
6% M ar. 29
b% 6%
6%
6%
7*4 7*4
*6*s 7
*6% 7 W abash...........................
6*s 6%
775
5% J u ly 10
8*s Apr. 8
15 15
14% 14% 14*3 14*3 14*3 14*3
15
15*4 14% 15
Do
p re f.
1,755 12*8 Ja n .
18% A pr. •
1314
12% 13*4 13% 13*3 13*3 13*s *12% 13% 13
13*8 W heeling & L ake E rie ......... 1,265
9
J
u
ly
27
14%
Aug, 28
45% 45% *44
46
45% 45% *44
46
45% 45% *44
45*2
200 32*3 J u ly 27 51*3 A p t t
Do
i re f
*4
4*2
*4
4*s *4 , 4*a
4*3 W isconsin C e n tral C om pany,
*4
4*4 *4
4*3
*4
i 1*3 J u ly 23
8% A pr. S
m is c e lla n e o u s S to c k s .
33% 34*4 34
34*4 32% 33% 31*4 33*4 31*3 32% 31% 32 A m erican C otton Oil Co....... .
7,170 26*4 Mar.
34% Aug. 25
'77*8 78*2 *77% 78% 78
77% 76
78*3 76
77
76
76*3
935 63 J a n . 2 79*s S e p t I d
Do
p re f.
95% 96*2 94% 96% 94% 96*4 94*4 95% 90*4 94% 88*2 91 A m erican S ugar R efining Co. 292,374 75% Feb. 1 114%
Aug. 21
94% 94^
9 1% 94*3 94*3 94% 94*3 95*4 93
94*3 91% 92*3
4,634 79% Ja n . 2 100*8 Aug. 21
Do
p ref.
102^ 10ü*^ 101*3 101*3 100% 101
102 102*9 101 101*3 100 100 A m erican Tobacco C o .... ___
2,695 69% Ja n . 2 107 Aug. 27
‘107 n o ‘107 109
108 108
108 108
108*4 108*4 107 167
397
Do
p ref.
Feb. 16 110 Aug. 21
71*8 72% 69% 71% 69*3 70% 69% 70% 69% 70% 67% 70*8 Chicago G as Co., tr u s t reo’t s . . 93,650 91*4
58% J a n . 3 80 J u n e 25
*9*2 10*2 *9*3 10*3
*9
10*9 *7
10 Colorado Coal & Iro n D ev el..
10
*8
*9*3 10*s
5 J u n e 26 13% A pr. 4
24 jj4
*23
26
*23
26
*23
26
25
25
*24*3 26 Colorado F u el & I r o n ..............
"Ì5Ó 21 J a n . 3 27*3
Apr. d
123 124*2 123 123 *122 123% *121*3 123
119 121% 119 119 C onsolidated Gas C o m p an y ..
1,233 111 J u ly 30 140 A pr. 20
10% 11% 10% 11%
9% 11
8% 10%
9% D istilling & C attle F eeding Co 100,9 30 8*3 Sept. 27 30% Feb. 8
8%
8*3 9
38% 40
39*s 40*3 39% 40% 39*8 40% 39*4 39% 38
39% G eneral E lectric Co.................. 21,001 30% J a n . 3 45*8 M ar. 8
40% 40*2 40
40 «4 39% 40*4 38% 39% 38% 39% N atio n al L ead Co....... ............
40*8 40
9,085 22 J a n . 2 44% Aug. 2 #
88% 88% 89*4 89*4 87% 88
88
88
87*4
87*4 87*4 87
Do
p r e f,
881 68 Ja n . 2 92*3 Aug. 23
4*2 4*2
4% 4*2
4 N orth A m erican Co................ .
4*4 4*4
4*4 4*4
4
4*4 4*4
915
2% J u n e 25
5% M ar. 17
16% 16% *16
17% *16
17*s 16*4 16*4 *15
16*2 *15
16*3
Oregon
Im
pro
v
em
en
t
Co____
300 11*3 Aug. 1 19*3 S ept 11
14% i 15
15
15
14% 15
14% 14% 15
15% Pacific M ail...............................
15
15
1,700 13*3 M ay 15 19 J a n . 30
,®2%........ '8 2 % ......... *82%
*82%
*8278
*82% ..
Pipe L ine C ertificates.............
79 J a n . 15 90*s J u n e 9
158%158% 159 159
159 ' 159
159% 161 *159*3 162*s *159 163 P u llm an P a lace Car Com pany
” 550 152 J u ly 9 174 A pr. 13
*64 ........ * 6 3 % .........
Silver B ullion C e rtific a te s....
64 A pr. 26 67 Ja n . 2«
18% 18%
18% 19*8 20*3 20%
18*2 1 8 7s 18% 18% T ennessee Coal & Iro n ............
5,148 14*8 J a n . 3 20% Sept. 28
Do
p ref.
62*8 M ay 2 71 A pr. 2
JL5% 15*! 15% 15%
15% 15% 12% 13
¿’,5Vi 12*3 S e p t 27 23% J u n e 18
12*3 13*4 13*3 14*2 U nited S tates Cordage C o ....
■*7*2 29
27
28% *27
29
26
27*s 24% 2 4 7£ 24*9 24%
401 24% S e p t 27 41 J u n e 19
Do
p re f.
,40 40*
39*4 ¡tti'f 39*3 39 *í
39*3 39*2 45*8 45*€ 39% 40% U nited S tates R u b b e r C o .....
598 33*3 M ay 22 43 Apr. 5
Tfw. 893
88% 8 9 Sf I 88
89*í
88*4 88% 87% 88*4 87*4 88% W estern U nion T eleg rap h __ 17,045 80% Ja n . 3 92*3 S ep t-11
l b « » arebid and assad: n o sale m ade.
KOld certificases.
12d a ssessm en t paid.
1[A11 in s ta lm e n t s p a id .
7
7*4
7
1%
7
1%
uT
00
H
rF
CO
r-4
6%
7
*1*4 1*3
78
78
*65% 66 %
*51*3 52*3
*112 114
20 % 20 %
1)44
THE CHRONICLE.
NEW Ï0 8 K STOCK EXCHANGE PRICES (Ccrntlnaedi-IYrlOT/PÆ STOCKS.
I n a c t iv e S t o c k s .’
f In d icates u n listed .
Sept. 28.
B id.
Ash.
Range (sales) i n 1894.
Lowest.
Highest.
166 Ju ly
135 M ar.
100 Ju n e
10 J u ly
20 Ja n .
61 Apr.
50 Aug.
10% Ju n e
147 Ja n .
5% Ja n .
14 Ja n .
4% J u ly
13 Aug.
14 A pr.
40 Sept.
....
3% Aug.
12 Aug.
2% Ja n .
86% Ja n .
7% Ju n e
....
12 Ja n .
5 Feb.
176 Apr.
135 M ar.
100 J u n e
18 Aug.
24% Apr.
61 Apr.
52 Apr.
18% Sept.
154% May
7% J u n e
34 Aug.
8 Apr.
19 A pr.
16% A pr.
45 M ar.
R a ilr o a d Stocks.
A l b a n y & S u sq u ehanna......... ..1 0 0 165 175
B ellev ille & S outh. 111. p re f.......100 130
B o s to n & N. Y. A ir L ine p r e f -.100 100%
B ro o k ly n E le v ated H.................. 100 11
B u ffalo R o ch ester & P itts b u rg . 100 18%
P re fe rre d .........................
100
.100 X 17% 185s
. KO 152
.100
6
7
.100 31
.100
4
5%
.100 12
14
.100
14
.100
.100
6%
7%
.100 Í 5
7% M ar.
.100 10
15
12 Aug.
.100
12 Aug.
.100
92 J u ly
100
8%
8%
9% Apr.
5
.100
.100 13
13 J u n e
.100
6 Feb.
.100
.100
1% Feb.
1%
1% Apr.
....
. 50 101
50 106
104 Aug. 107 M ar.
.100 {116
112 Ju ly 120 May
7%
8%
8% Apr.
6% Feb.
100
....
....
. 50
148 Ja n . 160 Sent.
100
110% Ja n . 115% Aug.
31. Y.
100
5% May
6 Apr.
.100 65
51 J a n . 59% A pr.
.100
3
2% Aug.
6
6 Ju ly
.100 151
149 Ja n . 154 May
50 25
20 Ju ly 29% Apr.
26
.100 180
172% Feb. 181 Sept.
' No p rice F rid a y ; la te s t p ric e th is w eek.
t A ctu al sales.
l i e s Moines & F o rt D odge..
I nactive Stocks .
U In d ic a te s u n listed .
[Y ol, LlX,
(% Indicates actual sales.)
Sept. 28.
Bid.
Rio G rande W estern p r e f ....... 100
R x n e W a t.& O g d en sb u rg h ... .100 115
St. Louis A lto r * T er. H aute.. .100 31
P re fe rr* d .................................. TOO 168
Toledo P eo ria & W e s te rn ..
.100
Toledo St. L. & K an sas Oitv 1T____
iW ittc e lla n e o u s S t o c k s .
A dam s E x p re s s.......................... .100 145
A m erican B ank N ote Co If.......
46
A m erican E x p re s s ..................... 100 110
Am er. T elegraph & C a b le .__ 100 90
B runsw ick D o m p an v ................ 100
2%
Cbic. Ju n e . R y. & S tock Y ard s. 100
P re fe r r e d ..^ ........................... 100
Colorado F u el & Iro n , p r e f .... 100
Colum bus & H ocking C o al___ 100
7
100
C om m ercial C able..............
Consol. Coal of M a ry lan d ........ 100 27%
E dison E le ctric Illu m in atin g .. 100 {101
In terio r C onduit & In s. C o . . . . 100
L aclede G a s_______ ________ _ 100 { 18
P r e f e r r e d ............................... 100 { 73%
Lehigh & W ilkesharre Coal U .
M aryland Coal, p r e f ....... .......... 1 ÖO 39
M ichigan-P eninsular C ar C o.. to o
P re fe rre d ................................. 100
M innesota I r o n .......................... 100
N ational L inseed Oil Co........... 100 16
N atio n al S tarch Mfg. C o ..... . 100
8
New C e n tral Coal....................... 100
7
O ntario S ilver M in in g ........... 100
6
P en n sy lv a n ia C o a l . . . . . . ......... 50 300
P o stal T elegraph—Cable Tf___
50
Q uicksilver M ining...... ............. 100
1%
P re fe rre d .................................. 100 14
T exas Pacific L au d T ru s t....... 100
U. S. E x p re s s.............................. 100 { 50
U. 8. L eath er p re fe rre d {|.......
{ 6L%
U. S. R ubber p re fe rre d .............. 100 { 93%
W ells, F arg o E x p r e s s .............. 100 {116
A sk.
Bange (sales) in 18fc4,
Lowest,
Highest,
117% 109% May
Sept.
34
20 - Ja n . , “ 2. Apr.
150 M ar. 167%
June15 Apr. 17 Apr.
2 Mar.
2 Mar.
150 146 Sept. 154% Jan.
48
115 108 " J u l y 116 Apr.
85 Feb.
92% Sept.
5
3 Ju n e
5 Mar.
90 Aug. 97% Apr.
50 Ja n .
70 Apr.
8
4*2 Ja n .
9% Apr.
140 M ar. 150 July
28 Jan. .31 Mar.
102
93 Feb. 104 Apr.
36 A pr. 55% Mav
15 Ja n .
20 Aug.
59 Ja n .
74% Aug,
22 May 22% May
55
47 *3 Ju n e 59% Feb
50
45 Feb. 5 2 Mar.
16% 14 Sept. 25 Jan.
10
7 J u ly
12 Aug.
9
7 Feb.
8% Mar.
8
6 t i Ja n .
12 May
298 Feb. 315 June
60
3
1% Ja n .
3 "Feb.
13% Aug. 17% Mar.
15
7% Ja n .
11% Aug.
48 Ja n . 57 Jan.
52% Ju n e 68% Apr.
80 J a n . 96% Aug.
95
109 Ju ly 128 Jan.
NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS SEPTEMBER 28,
SEC U RITIES.
A lab ama—Class A, 4 to 5 ........1906
Claes B , 5 s ......... ....................1906
C iaes C, As..................
1906
C irre n c y fu n d in g 4 s ............. 1920
A rk a n sa s—6s, fu nd, H oi.1899-1900
dp. N on-H oliord
i s , A rk an sas C e n tral R R .............
IiO ulslana—7 s, cons................x 9 1 4
S tam p ed 4 s ............
..................
N e'1’ cono]». 4 s.......................1914
Bid, Ask.
103
ÎÔÔ
100
10
185
10
SECURITIES.
Bid. Ask.
SEC U RITIES.
Bid. Ask
Missouri—F u n d .............. 1894-1895
T en n essee—6s, o ld......... 1892-1898
N o rth C arolina—6s, o ld ...........J & J
6s, new b o n d s ......... 1892-8-1900
F u n d in g a c t............................ 1900
do
new se rie s................1914
N ew bonds, J & J ......... 1892 1898
Com prom ise, 3-4-5-6s. . . . . . . 1912
C hatham R R ............ ......................
2%
5
3 s ...............
....1 9 1 3 77%
Special ta x , C lass I ......................
2%
R edem ption 4 s . . . . . . ........1 9 0 7
90
5
C onsolidated 4 s ..................... 1910
99
do
4% s..................1 9 1 3 100
6 s ............................................... 1919 125%
P e n ite n tia ry 4% s...............1 9 1 3 100
S outh C arolina—4%s, 20-40.. 1933 100 iÖ2%l V irginia funded d eb t, 2-3S...1991 58% 59%
6s, n on-fund............................1888
1
2
6s, d eferred t ’st, rec’ts. sta m p e d .
7% 8%
New York City Bank Statement for the week ending
¡¡September 22, 1894. We omit two ciphers (00) in all cases.
Ba n k s .
Ba n k s .
<OOsomitted.)
New York City, Boston and Philadelphia Banks;
C apital S u rp l’s L oans. Specie.
Legals. Deposits N . Y o rk .*
Capital &t
Surplus. Loans. | Specie. | Legal*. jD ipants.t jClrc’l’n\ Clearings.
Aug. 25 ...
423.692.8
$
$
$
$
$
Sept. 1 __
418,375,0
01,989,1 16,270,0 2,270,0
4,570,0 19,300,0
‘f
8 . ..
412,685,6
1,923,0 13,939,0 2,486,0
3,599,0 17,065,0
“ 15 ...
463.120.8
0964,3 9,560,6 1,760,5
3,639,9 13,151,5
“ 22.... 132,664,6 497,919,4j91,882,’4!1150943 587,928rt 104405 475.415.9
02,060,0 10,562,0 1,406,0
2,271,0 10,764,0 B o s to n .*
02,144,3 18,956,7 2,202,1
5,997,1 23,171,7 Sept, a __ 69.351.8 174,002,0 10,778,0 6,633,0 163,858,0 7,120,0 67.393.2
0447,3 5,039,0
515,0
1,209,0 5,343,0
15.. 69.351.8
.. 173,010,0 10,938,0 7,033,0 165,332,0 7,128,0 77,738,7
02,890,7 24,605,3 7,548,9
7,376,4 35,597,1
I 22 . .. • 69,351,8 171,396,0 10,937,0l 7,614,0 165,974,0 0,989,0 78.059.0
153,2 « 2,432,3
375,8
205,2 1 2,345,4 P h i l a . *
7,272,2 26,624,7 6,560,7
5,450,1 31,325 4 Sept. 8 ... 35,810,3 110,632,0
»36,129,0
|l l 7 , 345,o |5 ,205,0 63,992,6
148,1
4,000,9
756,5
930,1 4,923,8
15... 35,810,3.H11,541,0 33,123,0
117,512,0 5,271,0
01,602,4 6,574,4 1.222,0
1,162,3 6,440,6
22.. 35,810,31112,400,0 34,223,0 | Ill7,347,0 5,312,0 63.017.2
63.334.1
265,4
1,653,0
118,6
381,3 1,659,3
* We omit two ciphers in all these flg'i/res. Including fo r B oston and Phila
403,3
2,290,0
330,0
215,0 2,205,0
177,8
1,133,6.
146,6
176,5 ’ 1,096,6 delphia th e item “ due to o th e r banks.”
531,1
3,003,5
518,9
495,5 2,831,5
112,4
1,706,7
256,5
244,9 1,981,1
Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
510,6
2,933,0
105,8
708,0 2,316,9
02,303,6 22,865,0 2,057,0
5,817,0 21,708,0
M is c e lla n e o u s B o n d s.
03,499,2 22,376,0 3,740,7
7,245,2 23,875,3
M is c e lla n e o u s B onds.
01,551,8 5,799,9 1,007,3
531,2 5,409,1 Oh, Ju n .& S. Y ds.—C ol.t.g.,5s *104 h. P eople’s Gas & C. 1 1 s t g. 6s. . . . . . .
Co., C hicago — i 2d g. 6s. 102 a.
01,100,6 8,029,6 1,564,6
1,916,3 9,186,8 Colorado Fuel—Gen. 6s...........
Pleas. V alley C o al—1 st g. 6s.
479,6 2,128,3
590,9
1,060,4 3,577,8 Col. & H ock. C oal & I .—6s, g. .........
P ro c te r & G am ble—1st g. 6s 112 b.
926,6 12,068,2 1,648,8
3,265,1 14,800,6 Consol’n Coal—C onvert. 6s. *'
963,5 5,377,2 1,146,9
1,270,5 6,313,6 Cons.Gas Co..Chic.—ls tg u .5 - * 81%a. Sunday Creek Coal 1 st g 6s.. * 97 b.
...
259,2 2,143,5
233,9
453,7 3,092,1 Denv. C. W at. W ks.—Gen.g.5 <
U S. L e a th e r—S .f. deb., g.,6s 110 'sb.
615,4 5,459,2 1,060,2
1,322,5 6,474,9 D et. Gas con. 1 st 5s.................. * 48 b. W estern U nion T eleg.—. ._ 110 b.
-«■1,901,2 19,118,1 4,725,5
2,536,6 23.474,2 E a s t R iv e r Gas 1st g. 5s.........
W heel. L .E & P .C o a l- 1st g, 5s
U n lis te d B o n d s ,
332,9 2,885,0
338,3
625,9 31079,0 Edison Eloc. 111. Oo.—i s t 5 s . 107%b.
95 4b. A mer. Deb. Co. col. tr. 5s ...
378,3 2,597,1
636,8
429,0 3,199,0 E q u itab le G. & F .—1 s t 6s__
H
enderson
B
ridge—1
st
g.
6s.
108%b. C om stock T u n n e l—In c. 4 s ..
5 b.
288,7 1,951,7
586,5
888,6 3,125,4
___
Geo. Pao—1st 6 s g. o tfs ........ 108 b.
789,6 5,123,4
653,4
743,3 5,294,4 H oboken L and & Im p .—g. 5s
...
2d m ort. incom e .................. .....
0255,5 3,200,0
476,0
1,087,0 4,215,0 M ich.-Penin. C ar 1st 5s, g . . . .
54 b.
Consol. 5s, g. c tf s ...............
01,183,1 7.554,8 1,770,6 ' 1,355,0 9,212,3 M utual U nion T eleg.—6s g .. *110 b.
90 b.
Incom e 5s. c tf s ........... . . . .
14 b.
0 ¡211,45,014,3 1,137,7
1,233,2 6,863,1 N a t. L i -seed Oil deb. 6s, g ...
412,4 1,845,0
252,5
374,1 1,850,0 N orthw estern T elegraph—7s. *108 b. M em .& Charleston—Con. 7 g.
.......
Peoria
W
ater
Co.—
6s,
g
South. Ry. 1st 5 i. w hen iss’d 88 %b.
5,460,7 23,062,0 4,350,0
5,367,0 26,849,0
.........
03,081,4 23,530,3 5,294,0
4,487,2 29,072,6
N ote .—“ b” in d ic a te s p ric e bid ; “ a ” prioe asked. * L a te s t prioe th is week
135 5 1,101,6
100,9
105,7
873,0
1,966,0 23,371,0 4,775,5
1,661,0 22,877,4
0 502,8 9,306,0
420,0
6,262,0 14,239,0
Bank Stock List.—Latest prices of bank stocks this week.
572,4 4,451,0
951,0
1,486,0
6,135,0 i
B A N K S.
Bid. A sk.
Bid.
369,2 3,923,3
779,4
342,1 4,318,4
BA NK S.
B A N K S . Bid. {A sk .
7,301,0 23,023,0 2,769,8
5,329,4 24,152,0
G allatin......... 300 325
N .Y . Co’n ty 520 600
0174,7 8,494,0 1,715,7
1,507,7 10,485,8 A m e ric a....... 205 212
G arfield.........
139,0 1,269,7
93,2
239,7 1,188,6 Am. E x c h ... 156 160
N .Y . Nat. Ei. 105 125
G erm an A m . 116
N in th .......... 118
543,9 2,713,0
453,0
328,0 2,900,0 B ow ery......... 300
19th W ard.. 125
556,4 3,086,2
707,0
210,1 3,507,3 B ro a d w a y ... 235 250
G e rm a n ia .... 320
N. A m erica. 145 165
273,1 2,817,7
593,1
374,0 2,961,0 B u tc h s’& D r. 165 185
240
G re e n w ic h .. 150
O rie n ta l. . . .
1,162,8 13,689,1 4,900,9
2,754,6 19,686,7 C e n tra l. . . . . . 120
H a n o v e r....... 305 325
P acific....... . Í70"
1,018,2 5,743,6
874,7
979,5 6,487,6 C h a s e ............ 450
. . . . P a rk ............. 275
H n d . R iv e r.. 150
375
621,4 2,715,1
227,5
504,1 3,049,0 C hatham .......
550
People’s . . . . 266
603,1 3.216,1
514,1
617,3 4,146,0 Chem ical . . . 420() 4800 Im . * T rad ’s’
I r v in g . . . . . . 135
514,8 $ 851,5 1,135,8
678,2 7,053,6 C ity .......... . 425
P h e n ix ........ 118
L e a th e r M is’ 185 210
P roduce Ex.
510,9 4,397,9 1,663,5
1,940,3 7,007,3 C itizens’....... 135
525
R ep u b lic.... 3.56'
537,2 3,743,5
800,1
639,3 4,893,8 C o lu m b ia .... 200
j S e a b o a rd ... 170
M a n h a tta n .. 185%
311,0 1,7-9,8
244,0
268,1 1,961,8 C om m erce...
M a r k e t* F ai 210 225
S e c o n d ...... 300
744,7 4,504,7
766,8
739,3 5,467,8 C o n tin e n tal. Í20**
M echanics’.. 177 183
S ev en th . . . 120
281,2 2,273,0
220,0
826,0 2,857,0 Corn E x c h ..
<eposit......... ' 2Ö"
M ’chs’ & T rs’ 150 165
S h o e * L e’th 105 HO
225,3 4,658,0
771,0
684,0 5,562,0
: M e rc a n tilo .. 180 200
342,4 1,782,0
285,0
159,0 1,575,0 fiast R iv e r.. 140
St. Nicholas.
135
S o u th e rn ... Í6Ó" 162%
238,2 11,721,0 1,863,9
3,291,1 14,518,5 11th W ard ... 200
__ S ta te o f N.Y.
HO
U th A v e .... 2000
: M erch’ts Ex. 110
856,6 4,639,0
893,0
506,0 4,886,0
iith ..............
M etro p o lis.. 425 465
T h ird . . . . . .
567,7 2,612,5
140,6
513,9 2,452,7
__ T radesm an's
ir s t....,........ 250Ó"
i Mrt. M o rris .. 150
279,5 8,111,8 1,091,8
1,074,4 8,816,7
U n’d S ta te s 175
IrstN ., S . I . 114
103,0 1,511,0
259,6
433,4 1,679,0
M u rra y H ill
ith S tie e t..
1 N a s s a u ....... 165 170 W e s te rn ... HO
T o t a l . . ; . . . . . . . . . . 61,622.7 71.041.9 497.919.4 91.862.4 H5.094.31587.928.1
"o w Vorir .. 232 240
B a n k of Mew Y ork.
A fa n h a tia n C o .......
M e rc h a n ts ’....... .......
M ech an ics’. , ............
A m e ric a ............. .......
F h e n ix ... . . . . .
C i t y . . . . ...........
T rad esm en ’s ..
C h e m ic a l.......
M erch an ts’ E x c h ’ge
H alia tin N a tio n a l...
B u tc h e rs ’&Dri >ver»’
M ecu an ics’ & T rad ’s
G re e n w ic h __
L e a th e r M anufac’rs
S e v e n th N a tio n a l...
S ta te of N ew Y o rk ..
A m erican E xchange
C o m m e rc e .................
B ro a d w a y ...........
.M ercantile .............. .
»¡¡Pacific........................
R ep u b lic ....................
-C h ath am .....................
People’s . . , . . .......
.N o rth A m erica........
H a n o v e r....................
I r v in g .................. .
-C itizen ’s ....... .
N a s s a u .......................
"M ark et & F u lto n __
.S h o e & L eath er
C o m E x ch an g e
C o n tin e n ta l....
O rie n ta l.............
Im p o rte rs ’* l rad ers
P a r k ......................... .
.E a s t R iv e r ..............
¡¿Fourth N atio n al__
» C en tral N atio n al__
Second N a tio n a l__
.N i n th N a tio n a l.......
.F irs t N atio n al.........
”T h ird N a tio n a l.........
N .Y . N at. E xch an g e
JS o w ety .......................
. N e w Y ork C o u n ty ..
. H e rm a n A m erican..
C h a s e N a tio n a l.........
F i f t h A v en u e..........
H e rm a n E x c h a n g e ..
• G e r m a n ia ................
, U n ite d S ta te s .........1
. ¡Lincoln.....................
. G a rfie ld ............... .
¡¡Fifth N a tio n a l........
JB an k of th e M etro».
"W est S id e ..............
■Seaboard....................
¿ S ix th N a tio n a l.........
(•W estern N a tio n a l..
»¡First N a t. B r’k ly n ..
; S o u th e rn JSational..
N a t . U nion B a n k ....
L ib e r ty N a t. B an k .
$
2.000.
2.050.0
2.000.
2.000.
3.000.
1.000.
1.000.
750.0
300.0
600.0
1.000.
300.0
400.0
200.0
600.0
300.0
1.200.0
5.000.
5.000.
1.000.
1.000.
422,7
1.500.0
450.0
200.0
700.0
1.001.0
501.0
600.0
500.0
750.0
1.000.
1.000.
1.000.
300.0
1.500.0
2.000.
250.0
3.200.0
2.000.
300.0
750.0
500.0
1.000.
300.0
250.0
200.0
750.0
500.0
100.0
200.0
200.0
500.0
300.0
200.0
200.0
300.0
200.0
500.0
200.0
2.100.0
300.0
500.0
1.200.0
500.0
THE CHRONICLE
S eptember 29, 1894.]
545
BOSTON, PHILADELPHIA, AND BALTIMORE STOCK EXCHANGES.
’S h a r e P r ic e s — n o t P e r C e n tn m P r ic e s .
A c tiv e S t o c k s ,
j r in d ic a te s u n lis te d .
S a tu rd a y ,
Sept. 22.
M onday,
S ept. 24.
.Jtteh. T. & 8. F e (Boston). 1 0 0 6t5Jfl 7*4
* 1%
1%
A tlantic & P a c .
“
100
B altim ore & Ohio (Balt.) .100
77% 77%
1st p re fe rre d
“
100
2d p re fe rre d
“
100 I l i ” ì l 2
171s 17 >4
B a ltim o re T rac ’n (P hil.).. 25
Boston & A lb an y (Boston). 100 207 207
lQOl*.........197*4
Boston & Low ell
100! 153% 153%
Boston & M aine
13ia
100 ,
Central of M ass,
100 ........ 50
P referred
100 74% 75%
Chio B ur. & Q uin.
65% 65%
-Chic. Mil & S t P . (Phil M OO
20
-Chic. & W. M ich. (Boston) .100
•60
Cleve. & C an to n
“
1 0 0 •50
*3
P referre d
“
100
3%
76% 78
.F itchburg p re f.
“
10
H unt. & Br. T op. (Phila.). 50
P referre d
f
50 *51% 52
iLehigh V alley
“
50 *37% 38
Maine C en tral (Boston). 100 T 16 119
M etropolitan '£v&g.(P h il). 100
Mexican C en t’l (Boston). 100
:N.Y.& N .E.,tr.rec.§ “
100
27% 28%
61
P referi e d .tr .re c . 5 “
1 0 0 *59
N orthern C e n tra l (B a lt.). 50 . . . . . . 69%
N orthern P ac ific (Phila.) 100
4% 4 7a
19%
P referred
“
100 *19
Old C o lo n y .___(Boston) .100 17S% 178%
5158 52
P e n n s y lv a n ia . . . (P h ila .). 50
PhiladeL & E r ie .
“
50
Phila. & R eading.
“
. 50 10316 1 0 <4
Philadelph Trac.
“
50 1 0 1 78 1 0 4 78
Summit B ra n c h (Boston). 50
Union P ac ific ___
13% 13%
“
100
United Cos of N. J . (Phila.) 100
W .N .Y .& Pa.tr.rec
“
100
*6% 7
M i s c e lla n e o u s S t o c k s .
Am.8ug’r Refin.IT ( B oston) ___
P re fe rre d . . . . . .
“
Bell T e le p h o n e ..
“
100
Bpst & M o n tan a.
“
25
B utte & B o sto n ..
“
25
Calumet & H e c la
“
25
Canton C o ___. . _ (B a lt ) .100
Consolidated G as
“
100
Erie T e le p h o n e . (Boston). 1 0 0
General E le c tric .
“
100
“
100
P referred f ........
lUamsoh StoreS er.
“
50
Lehi’h Coal&N&v. (P hila.) 50
N. E. T elephone (Boston > 1 0 0
North A m erican (P h il.). 1 0 0
"West E n d L a n d . . (Boston) . . .
$ 3d in s ta lm e n t p a id .
7
6 78
*76%
112
T uesday,
Sept. 25.
6 78
W ednesday,
Sept. 26.
6%
6 78
77% 77%
6%
6%
*76%
125 " 125
112
*112 114
17% 173
16% 17
16%
* ...... 207 *...... 207
206%
*.........197%
197
196
154% 156
156 156
155
13
13 *__
14
*12%
52
7338 75
72% 74
73%
65% 65 7
65
65% 65
......... 20
__. . .
18
•50 ....... *•50 mmmrnmm *•50
Q
Q
*3
3%
3
77% 78
7 7 % 77%
77%
T h u rsd ay ,
Sept. 27.
16%
206%
196
155
13%
16% 16m
206% 206%
*___ n 197
153 153
*12% 13%
74
73%
65% 64%
__. . . ____
___
3
3
77% 75%
*51% 52
37% 33
74%
65%
____
3
76%
51% 51% *51% 52
5Í% 51%
37% 37% 37% 37% 37% 37%
__
*117 118
119
118 118
118 118% 117 117%
8
8
8
8
7 78 7%
7%
7Ü1
1132
33% 1132% 32% 1133
3338 1131% 32%
1165% 66
1164% 64% 1164% 65
1164% 64%
......... 69% *6/ % 69% *68
69%
69%
5
5
4%
4 78 4%
4 78
43s
4%
*18% 19% *18% 19
18
18% 18% 18%
....... 178% 1 78% 178% 178 178
178 178
51% 5 1 78 51% 51% 51% 51% 51% 513a
F rid a y ,
Sept. 28.
+16
*77
M 24
*112
16
*208%
*195
153
*11
*48
73%
64%
*17
**50
*3
75%
6%
79
16%
207
197
153
14
743s
65%
20
•51
3%
75%
*51%
37% 37%
*118 119
116 116%
*7% 8
1131
32
116.3% 63%
r 68
69
4%
4%
*18% 18%
178 178
51®8 51%
Sales
of th e
W eek,
Shares.
R ange of sales in 1894.
L ow est
16,099
J u ly 23
Áug. 9
Ja n . 4
J a n . 17
J a n . 31
Aug. 21
J u ly 2
J a n , 10
Ja n . 15
61 10% J u ly 24
46 J a n . 3
19,498 70% Aug. 7
15,802 54% J a m 3
10 J u n e 7
•45 J u n e 6
360
2 F eb. 24
363 66 % J u n e I
29% Apr. 25
13 47 M ay 7
452 36 M ay 21
101 J a m 16
88a x96% Ja m 6
840
5% J a m 2
7,039 13% M ay 19
680 24% Mar. 20
66 Ju ly 17
1,375
3% Ju n ó 23
853 12 % J u n e 25
89 170% Ja m 2
2,505 48 J a m 5
2 1 % Ja u . 20
85,275
7% May 21
16,229 t83% J u ly 2
4% M ay 24
577
6% Ju ly 30
2 227% Mar. 21
750
% J u ly 17
3%
•50
30 67%
1 125
100 108
4,412 13%
77 198
2 182%
334, 126
10%e 10»Jfi 93s 10% 8% 9% 81%6
815,«
105 105% 105 105% 104% 105% 102 104% 98% 101%
......
7
7
*5
13% 13% 13% 13% 12% 12% 1278 12 7s *1 2 % 13%
234 ....... . *2a4
*231
235 235 *236
63a 7
*6% 7
*6% 7
*6% 6%
*6% 6%
96% 96% 94% 95% 94% 96
94% 95 38 903a 94% 88% 91
42,223 75% Ja m 24
95% 95% 94
95
93% 91
94% 95% 93% 94% 92
93
1,244 79 Ja n . 3
204 204
204 204
204% 205
204% 207
206% 206% 203 208%
730 163 Feb. 26
30
30
29% 30
29% 30
29% 30
30
30
29% 29%
5,075
22 J u ly 21
11
11 %
1 1 % 11 % *1078 11%
11% 11% 10% 10 78 10% 10%
2,095
7% J u ly 23
290 295
293 293 *293 295 *293 295 *293 295
293 295
54
265
J u n e 22
‘86% 90
86% 8 6 78 8H% 87% 87
87
87
88
87% 89
1,555
66
J a u . 18
*67% 68 i 67% 68
67% 67% *67% 67% 67% 67% 67% 67%
399
53%
Ja m 3
50% 50% 50% 51
50% 51% 51% 52% 51% 51% 52
52
761 42 Feb. 21
39% 39% 39% 40% 40
40% 39% 403a 393a 393s 38% 39%
3,540
30%
Ja m 3
r......... 72
r....... . 72
70
70
72
72
*72
75 56 Ja m 4
24% 24% 24% 24% *23% 25
*23% 25
24
24
23% 23%
155
.12%
Ja
m 2
351% 51% 51
51% 51% 51% 51
51
51
51
51
51%
496 50 M ay 23
*66% 67
67
67
*66% 68
*66% 63
67
67
*66% 68
9
49
F
eb,
28
4% 4%
4%
4%
4
4
43s 438
250
2% J u n e 27
*2% 2%
*2%
2%
*2%
2%
*2% 2%
2%
2%
2%
2%
il%
J
u
ly
3
660
* B id and ashed prices; no sa le w as m ade.
II 4 th assess m e n t paid.
t E x rig h ts .
Inactive Stocks.
Prices of September 28.
-A tla n ta & . C h a r lo tte (Balt.).
B oston & F ro v id e u e e (Boston).
Oamaen & A tla n tic p f . (Phila.).
Bid.
90
254
Ask.
95
260
Inactive stocks>
Bonds—Boston.
Bid.
A sk.
H ig h est.
16% M ar. 29
1% M ar. 14
81 A pr. 9
129 Apr. 1.9119 M ay 12
17% Apr. *9
212 A pr. 3 0
197 S ept. 7
156 Sept. 18
14% M ar. 10
55 S ept. 6
84% M ar. 21
67% Sept. 6
25% M ar. 13
•50 Ja m 3
3% Sept. 14
81 Feb. 7
37% Sept. 14
52 J u ly 11
42% Mar. 13
118 Sept. 20
122 A pr. 12
9% A pr. 3
33% S ept 26
66 Sept. 24
69% Aug. 2 2
6% M ar. 21
23% M ar. 31
180% Sept. 8
52% A pr. 7
28% Feb. ?1
l t % M ar. 12
115% Apr. 11
7% M ar. 5
22% M ar. 31
235 Sept. 12
7 Sept. 24
114% Aug. 21
100 Aug. 21
208% Sept. 28
31% S ep t 2 0
11% Sept. 20
302 J a m 18
89 Sept. 28
68 S ep t 15
52% Sept. 2 6
45% M ar. 8
75 M ar. 8
26 A pr. 7
55 M ar. 11
68 Aug. 14
5% M ar. 19
12% M ar. 20
+ Old certs.
Bonds,
P a. & N. Y. Ca., con. 5s.19.39, A&O
P erkiom en, 1 st s e r.,5 s .l9 1 8 , Q—J
Phila.& E rie gen. M. 5g.,1920, A&O
Gem m o r t.,4 g .......1 9 2 0 , A&O
P h ila & R ead, new 4 g., 1958, J& J
1 st pref. incom e, 5 g, 1958, F eb 1
2d pref. incom e, 5 g, 1958, F eb. 1
3d p ref. incom e, 5 g, 1958,F eb, 1
2d, 7 s........... ...............1 9 3 3 , A&O
Consol, m o rt. 7 s ......1 9 1 1 , J& D
Consol, m ort. 6 g ......... 1911, J& D
Im provem entM . 6 g., 1897, A&O
C on.M .,5 g.,stam pea.l922,M & N
T erm inal 5s, g .........1941, Q.—F.
P hil. R ead. & N. E . 4 s ............. 1942
Incom es, series a ....... ..........1952
Incom es, series B .................. 1952
P hil. Wilm. & B alt., 4 s . 1917, A&O
P itts. C. & St. L ., 7 s ....1 9 0 0 , F&A
8ohuyl.R .E .S ide,lst 5 g.1935, J& D
Steuben. & In d .,ls t m. ,5s. 1914, J& J
U nited N. J ., 6 g ............ 1894, A&O
W arren & F ra n k .,1st,7s,1896,F&A
B o n d s .—B a ltim o r e .
A tla n ta & C hari., 1 st 7s, 1907, J& J
Incom e 6 s......... .........1900, A&O
B altim ore B elt, 1st, o s .1990, M&N
B altim ore & Ohio 4 g ., 1935, A&O
P itts . & Conn., 5 g ,..1 9 2 3 , F&A
S ta te n Islan d , 2d, 5 g.1926, J& J
Bal.&Ohio S.W.,1st,4% g.1990, J& J
C apeF.& Y ad.,Ser.A .,6g.l9L6, J& D
Series B ., 6 g ...... .....1 9 1 6 , J& D
Series C., 6 g ............... 1916, J& D
Cent. Ohio, 4% g ............ 1930, M&S
C hari. Col. &Aug. 1 st 7 s .1895, J& J
Qa. Car. & Nor. 1 st 5 g ..l9 2 9 , J& J
N orth. Cent. 6 s .............. 1900, J& J
6 s . . . . . . . . . . . . . . . . . . . . . . 1 9 0 4 , J& J
Series A, 5 s ......... . ....1 9 2 6 , J& J
4 % s ................................1925, A&O
Piedm .& C um .,1 st, 5 g.1911, F&A
P itts. & Connells. 1 st 7 s .1898, J& J
V irginia M id., 1 st 6 s . . . 1906, M&S
2d Series, 6 s.................. 1911 M&S
3d Series, 6 s ................ 1916, M&S
4 th S eries, 3-4-5s....... 1921, M&S
5 th Series, 5 s ...............1926, M&S
W est V a C. & P . 1 st, 6 g.1911, J& J
W est’LN.C. OonsoL 6 g.1914, J& J
Wilm. Col. & A ug., 6 s ..1910, J& D
A t.T op.& 8.F.100-yr.4g.,1989, J & J * 71
71%
2d2% -4s, g., Class A. .1989, A&O * 22% 23
........ ...... B oston U n ited G as 1 st 5 s .............. 5 .79
80
........ 5
“C ataw issa___ . . . . . . . . . “
2d m ort. 5 s . . . ............ ............1939 { 58
59
1 st p re fe rre d . . . . . . .
“
52
B url. & Mo. R iver E x e m p t 6s, J& J §115% 116
2d p r e f e r r e d ........
50 trt_
N on-exem pt 6s....... ..1 9 1 8 , J & J 105% 106
C entral O hio................. (Balt.).
48
50
P la in 4 s ......... ................. 1910, J& J 5 90
91
-Chari. Col. <fc A u g u sta
25
30
Ohio. B url. & N or. 1 s t 5,1926, A&O §102 102%
Connecticut & P ass..(,
128% 129
2d m ort. 6 s.................. 1918, J&D § 98 100
•ConnecticutRiver . . .
232 235
D ebenture 6 s...............1896, J& D § 98 100
Chic. Burl.& Q uincy 4S..1922, F&A 5 92
94
12 Ï 14
Io w a D ivision 4 s ....... 1919, A&O § 94
95%
Preferred
41
44
Chic.&W.Mich. gem 5s, 1921, J& D 63
70
84
Consol, of V erm ont, 5 s .1913, J & J § 8 6
86%
15
20
C u rren t R iver, 1st, 5S..1927, A&O 67
70
d e f e r re d ................
“
:
60
75
D et. L ans. & N or’n M. 7 s. 1907, J& J 55
65
Little S c h u y lk ill.......... (Phila.).
65
E a ste rn 1 st m o rt 6 g .l9 0 6 ,M & S .. §122 123
M aryland .C e n tra l___ (Balt.).
Ji ree.E lk. &M. V .,lst, 6S.1933, A&O §124% 125%
Mine H ill & S. H a v e n (Phila.).
. 68 *68%
U nstam ped 1st, 6 s___1933, A&O §123% 125
-Nesquehoning V a l.* ..
“
55
K .C.C .& Spring., 1st, 5g.,1925, A&O
70
N ortnern N. H . ........... (Boston
150
E O. F .S . & M. con. 6s, 1928, M&N
94
North P e n n s y lv a n ia . (P hila.). 50 / ;r___ 85
K.C. Mem. & B ir.,1st, 5s,1927, M&S
45
8 34
9
K.
C. S t. J o . & C. B ., 7S ..1907, J& J1 2 4
40
L. Rock & F t. S., 1 st, 7 s ..1 9 0 5 , J& J
85
2% Louis., Ev.& St.L., 1st, 6 g .l9 2 6 , A&O
1%
103
P referre d ...................
70
71
2m ., 5—6 g ............ ...1 9 3 6 , A&O
92
^Seaboard & R o anoke. ( B a lt) . 100
50
Mar. H . & O nt., 6 s ,....1 9 2 5 , A&O
103
1st p re fe rred .
100
M exican C e n tr a l,4 g . . . 1911, J& J
58
W estLnd.
.......... (Boston). 50
53% 54
1 st consol.ineom es, 2 g, non-cum.
15
P referred............. .
••
go 82
83
2d consol, incom es. 3s, non-oum.
8
"West Je rsey ................. (P h ila .). 50
55
N. Y. & N .E ng,, 1 st, 7 s,1905, J& J*
115
West Jersey & A tlan . . ••
20
1 st m ort. 6 s ...............1 9 0 5 , J& J
111
Western M a r y la n d .... ( B a lt.) . 50
2d m ort. 6 s .................. 1902, F&A
104
Wilm. Col. & A u g u s ta
••
1 0 0 100
>gdem & L .C .,C o n .6 s...1920,A&O
102%
Wi)njingt’n & W eld o n
“
100
100
In c . 6 s .......................................1920 1
20
Wisconsin C e n tr a l. . .(Boston) . 1 00
3%
4
lu tla n d , 1 s t,6 s ............1902, M&N §110 111
“
io o
P referred__ _ . . . .
25
2d, 5 s............................1 8 9 8 ,F&A >100 101
Worc’st.N ash.& R och.
“
1 0 0 115 120
,, Bonds.—Philadelphia
MISCELLANEOUS.
105% 106
Allouez Min’g, asscpdfBostow) . 25 •30
•50
10234
-Atlantic M in in g..........
f*
25
10
11
“C ityP assenger R R ... ( B a lt.) . 25 67
68
.
,
7
s
.
.....1
9
0
0
,
F&A
-Bay S tate G as ........ (Boston). 50
11
14
117
Boston L a n d .................
«
io
4
4%
•Centennial M in in g ...
“
io
1
1%
127%
128%
Electric T r a c tio n ___ (P h ila .). 5 0 105% 107%
110
Do
tr.rc ts .$ 4 0 p d .
95% 97%
116%
-to rt W ayne E lect.T |. . (B oston). 25
2%
2 78
102 103
Franklin M ining.......
“
25
10
10% .ehigh N av. 4% s........... 1914, Q110 %
Frenchm’n ’s Bay L ’d .
“
5
1
1%
2d 6s, gold....................1897, J& D 108%
■Illinois ste e l...............
“
io o
50
51
G eneral m o rt. 4% s, g,1924,Q —-F 104
MISCELLANEOUS.
dfearsarge M in in g ___
“
25
6%
8
.ehigh Val. Coal 1st 5s,g. 1933, J& J
103% B altim ore—C ity H a ll 6 s.1900, Q—J
M onis C anal g u a r. 4 . (P h ila .). 100
75
80
.ehigh
VaUey,
1
st
6
s
...
1898,
J&
D
lió”
P u n d i n g g s . .....1 9 0 0 , Q—J
P referred g u a r. 1 0 .
»
100
2d 7 s.............................. 1910, M&S 132
W est M aryPd R S . 6 s ..1902, J& J
Osceola M i n i n g . ^ Boston) . 25
24
25
Consol. 6 ......
1923, J& D 122
W ater 5 s ......... ...........1916, M&N
Pullm an P a la c e (bar.
“
io o 160% 161
forth P en n . 1 s t, 7 s ....1 8 9 6 , M&N 107%
F u n d in g 5 s . . . . . . ........ 1916, M&N
Quincy Mining....... .
$$
25 92
95
Gem M. 7 s ................ ...1 9 0 3 , J& J 123
E xchange 3% s............. 1930, J& J
Tam arack M in in g ...*
it
25 163 165
•ennsylvania g e n . 6 s, r..l9 1 0 , V ar
V irginia (State) 3 s ,n e w .l9 3 2 , J& J
Cas Im p t....... (P h ila .)____
67% ____
Consol. 6s, o
............ 1905, V ar
L20 C hesapeake G as, 6 s . . . . .1900, J& D
water Pow er .............. (B o sto n ).100
•90 1 0 0
Consol. 5s, r . . . ........ ....1 9 1 9 , Vair
Consol.
O as, 6 s .. . . . . . . . . 1 9 1 0 , J& D
W estingh. R iec. <&M..
“
50 34% 35% C ollât. T r. 4% g ...........1913, J&I> 107%
5 s .......................
..1 9 3 9 , J& J
Brel., c u m u la tiv e ..
“
50 52 1 53
‘ - —— - .1906, J& D 125
E q u itab le O as. 6 s ____1913. AA><1
Pries includes o v erdue coupons.
i U n listed .
§ A nd accrued in te re st,
t L a s t p ric e th is w eek.
X ex-rights.
Bid. |A sk.
110
114
. 73%
33
22
17 *
119
1
Í0 4
...j..
78%
33%
22%
17%
130
121
106% 107%
102 f*__
105% __ rn
.. . . . . 45%
114 __
H O -'-Ma.
107%
1 1 8 38 118%
104
105% 106
103 103
413
.... . .
107 •« 109
70
75
70
75
70
75
101 ___ ,
102% iu 3
88
89
113 113%
116 120
112
105
97% 98%
109% 110%
114 115
114%
108
82
101 102
104% 105
109 H O
114 116
111% 112%
111
112 113
121% 122
121% 122%
102% 10 2 3 t
715s 72
107 108
116% 1 1 7
104 105
113 114
TBE CHRONICLE,
* |5 4 6 ;
[V o l. u y „
NEW YORK STOCK EXCHANGE PRICES (Continued)—ACTIVE BONDS S E P l. 28 AND FOR YEAR 1894..
Closing Bange (sales) in 1894.
Closing B ange (sales) in 1894.
R a il r o a d a n d M is c e l . B o n d s . In te r't P rice
Price
Sept.
28
Period
Period Sept. 28
Lowest.
Highest.
Lowest.
Highest.
Mo.
P
ac.
(Oon.)—3d,
7
s.
„
1
9
0
6
110
b.
M <fe N
A m er. C o tton Oil, deb., 8 g .l9 0 0 Q - F 114%b. 111 Feb. 115 J u ly
112
Apr.
P ac. of Mo.—1st, ex., 4 g.1938 F <& A 99%
95 Ja n .
71
67 J a n . 77% Ju n e
A t.Top.& S.F.—100-yr. ,4g .1989 J & J
May
2d extended 5 s ............. 1938 J <& J *107 b. 99 Ja n . 100%
20 Ju ly 38% Mar.
2 d 3-4s, g., Cl. “A” ........„ 1 9 8 9 A & O 23
106%
Apr..
St.L. <feIr. M t.ls t e x t.,5 s .1897 F «fe A 101 %b. :
Ctol.Mialand—Cons., 4 g.1940 F & A * 25%b. 18% J u ly 32% M ar.
103% May
2d,
7
g..............................
1897
M<& N 105 b. :
43iab. 41% J u n e 53% Apr.
A tl. & P ac.—G u a r.,4 g „ „ 1 9 3 7
Apr.
Cairo A rk. «feT exas,7 g.1897 J «fe D 101 b. 97 Mar. 109
3 b.
2% J u ly
6% Mar.
103% May
W. D. incom e, 6 s.............. 1910 J & J
G en.R’y <fe la n d g r.,5 g .l9 3 1 A «fe O 82
71 Ja n .
B rooklyn E lev .—1 st, 6 g „ 1 9 2 4 A «fe O 98 b. 90 Ju ly 107 Ja n . Mobile
83%
Sept.
<fe Ohio—N ew ,6 g ..l9 2 7 J «fe D 115%b. ;.11% Ja n . 117% May
U nion E le v ated .—6 g ___1937 M «fe N 91i2b. 82 Ju n e 99% Apr.
G eneral m ortgage, 4 s---- 1938 M <fc S 63%
57% Ja n .
66% Aug.
C an ad a So u th ern .—1 st 5s 1908 J & J 110 b. 105% Ja n . 111% Ju n e Nash.
Ch. «feSt. L —1 s t,7s. 1913 J «fe J 131 b. :.25% Ja n . 130% Sept.
2d, 5 6 .....................
1913 M<& S 10514b. 102 Ja n . 106 Ju ly
Consol., 5 g
— 1928 A «fe O 101 %a. 98 Ja n .
5112 a. 32 Ja n .
52% Sept.
C en t.G a.-8 .& W .lstco n .5 s.l9 2 9
Jan.
at’l S tarch Mfg.—1st, 6s . 1920 M «fe N 96 b. 88 Ja n . 102
C e n tra l of N. J .—C ons.,7s.l899 Q - J '113i2b. 112% Ja n . 115% Ju n e N
96% Sept..
N.
Y.
C
entral—Deb.
ex
t.
4 s .1905 M«fe N 10334b.
104% Apr.
Consol., 7 s . „ . . . ...............1902 M & N 12312b. 121 Feb. 124 Apr.
1st, coupon, 7 s .................. 1903 J «fe J 126% :
G en eral m ortgage, 5 g . . .1987 J & J 11634b. 110% Ja n . 117% Aug.
128% June
D eben., 5s, coup., 1 8 8 4 ..1904 M «fe S 107%b. ;
—M 109 b. 105 Ja n . 111 M ay
L eh.& W .B .,con.,7s,as’d .l9 0 0
110 Feb.
N. Y. «fe H arlem , 7s, reg.1900 M «fe N 121 b.
& N *101 a. 100 Feb. 103% Mar.
“
m o rtgage 5s. 1912
121 Sept.
R.W . <fc Ogd., consol., 5 s.l9 2 2 A <fe 0 118 b.
119 Sept..
Am. Dock & Im p., 5s. ...1 9 2 1 J & J *11312b. 108% Ja n . 113% Sept.
W est Shore, g uar., 4 s — 2361 J «fe J 104% :
102 Ju ly 107 % Apr.
105% June
C e n tral Pacific.—Gold, 6 s .1898 J & J 104
N. Y. Chic. <&St. L.—4 g . „ 1 9 3 7 A «fe O 102
97% Ja n . 102 Sept.
Ches. & Ohio.—Ser. A, 6 g.1908 A & O 12012 114% Feb. 120% Aug. N.
E lev ated —7 s ............ 1906 J «fe J 1 1 1 % :
113 June
M ortgage, 6 g .................. 1911 A <fe O 120 b. 115% J a n . 119% Sept. N. Y.
Y. Lack, «fe W —1st, 6S.1921 J «fe J 133 b.
134 Ju n e
l e t consol., 5 g ..................1939 M«fe N 10912a. 101% Ja n . 110 Sept.
C
onstruction,
5
s...............1923
114%b.
F
<
&
A
M
<
fc
8
78%
Aug.
76i2
70%
Ju
n
e
114% Sept..
G en eral4 % s, g „ ...............1992
93 78
84 J a n . 94 Sept. N.Y.L.E.«feW.—lst,c o n .,7 g .l9 2 0 M «fe S 133
137 Apr.
R . & A. Div., ls tc o n .,4 g .l9 8 9 J & J
2d consol., 6 g ........., .......1969 J «fe D t 76 b. t
84 b. 78% Ja n . 88 Mar.
86 Mar.
“
2 d c o n .,4 g .l9 8 9 J «Sc J
Long Dock, consol., 6s,g.l935 A «fe O *128 b. :
.129 May
E liz. L ex .& B ig San.--5 g.1902 M & S 98 b. 96 Ja n . 101% Sept.
N.
Y.
Ont.
«few.—Ref.
4
s,g
.
1992
86%
M
«
fe
S
1213s
82%
Ja
n
.
J
«
S
ì
J
123%
Ju
n
e
119
Ja
n
.
88% Aug.
Chic. B u rl. & Q.—Con., 7 s. 1903
Consol., 1st, 5s, g ....... ,..1 9 3 9 J «fe D 110%
110% May
D eb en tu re, 5s.................. .1913 M & N - 98i2b. 97 Feb. 102 A pr.
107% Apr.
C o n vertible 5 s „ „ ............1903 M & S 101i2b. 101% Ja n . 105 Apr. N.Y.Sus.«feW.—lstre f.,5 s g .l9 3 7 J «fe J 107
M idland of N. J ., 6s, g. „ 1 9 1 0 A «fe O 118 %b.
119 Sept.
D en v er D ivision 4 s .........1922 F «Sì A 91i2b. 90% Feb. 94% Apr.
74% Apr. 74% Apr.
N eb rask a E x te n sio n , 4s .1927 M «Sì N 89 b. 85% Ja n . 92% Apr. Norf.«fe W.—100-year, 5s, g.1990' J <& J
Md.«feWash.Div.—1st,5 g.1941 J «fe J
85 a. 76% Sept. 81 Apr.
H afi.& S t. Jo s.-C o n s., 6s. 1911 M <& S 119 a. 115% Ja n . 120% Aug.
Chic. & E .m .—1 st, s. f .,68.1907 J «fe D 115 b. 111% J a n . 118 May No. Pacific—1st, coup., 6 g.1921 J «fe J 112 b. L05% Ja n . 114% Mar.
G eneral, 2d, coup., 6 g . 1933 A <fe 0
89 %a 71% Ju ly 89% Sept.
Consol., 6 g ........... ............ 1934 A «fe O 12312 b. 118% J a n . 124 Sept.
G eneral, 3d, coup., 6 g „ 1 9 3 7 J «fe D 63
46% J u ly 64% Apr.
G en eral consol., 1st, 5 s ..1937 M<& N 100 b. 97 M ay 101% A pr.
Consol, m ortgage, 5 g. „ 1 9 8 9 J «fe D 30%
22% Aug. 34% Mar.
Chicago & E rie.—1 st., 5 g.1982 M «fe N 95 b. 91% Ju n e 100% Apr.
Col.
tr
u
s
t
gold
notes,
6
s
.1898
M
<
fc
N
78
75 Aug. 80 Sept..
30
b.
35%
Apr.
Oct.
27%
Ju
ly
In co m e, 5 s .................
1982
Chic. <&N. P ac., 1st, 5 g.1 9 4 0 A «fe O t 42 %b. 40 Ju n e 48% Apr.
86 b. 82 Apr. 89% Ju n e
<fe
Chic. G as L. & C —1st, 5 g .. 1937
Seat.
L.
S.
<
&
E
.,
1st,
gu.6.1931
1
51
b.
F
«
fe
A
40 Ja n .
55 Apr.
I
2912
126
Feb.
130%
Aj>r.
Chic. Mil. & St. P — Con. 78.1905
11412b. 112 Ja n . 116% M ay No. Pacific & M ont.—6 g „ 1 9 3 8 M «fe S 39 a. 25 Ju ly 39%Sepfc.
l e t , S o u thw est D iv., 6 s .. 1909
No.
Pacific
Ter.
Co.—6
g
.„
1
9
3
8
97
b.
J
«
fe
J
93
J
u
ly
101%
May
11514
b.
117%
Ju
n
e
111%
Ja
n
.
l e t , So. M inn. D iv., 6s „ 1 9 1 0
112 Ju n e
IIO I 2 107 J a n . 111% J u n e Ohio <fe Miss.—Con. s. f., 7S.1898 J «fe J 109 %b.
l e t , Ch. & P ac. W .D iv.,5s. 1921
..........
1898
Consol.,
7
s
.
.
„
109
%b.
J
<
&
J
108%
Ju
n
e
111%
June*
101%
Ja
n
.
105 14
Chic. & Mo. R iv. D iv., 5s. 1926
10712b. 104 Ja n . 109 M ay Ohio S outhern—1 s t , 6 g .„ 1 9 2 1 J <& D 91 b. 88 Aug. 97 Mar.
Wise. & M inn., Div., 5 g.1921
G eneral m ortgage, 4 g ... 1921 M «fe N 45 b. 35 Ju ly 48% Jan.
<fe *110 a. 105 J u ly 110 Sept.
T erm in al, 5 g „ „ ..............1914
<fe
89% Aug. 92% J u n e O m aha <&St. L ouis—4 g . „ 1 9 3 7 J «fe J t 40 b. 42 Feb. 50 Apr.
9 1is
Gen. M., 4 g., series A . ..1989
Oregon
Im p r. Co.—1st, 6 g.1910 J «fe D 105 a. 92% Ja n . 106% Sept.
117%b.
;
J
«
fe
D
112%
Ja
n
.
118% Sept.
Mil. & N or.—1st, con., 68.1913
Consol., 5 g ................... ...1 9 3 9 A «fe O 62
46 Ja n .
65% Sept..
Chic. & N. W —Consol., 7s. 1915 Q—F 140 b. 138 Ja n . 141 M ar.
Ore.
R.«fc
Nav.Co.—1st, 6 g.1909 J «fe J 108 b. LOI Ju n e 108% Mar.
121
%
J
<
&
D
121
J
u
ly
127
M
ay
C oupon, gold, 7 s . ............. 1902
Consol., 5 g ........................1925 J <& D t 75 b. 60 Ja n .
74 Apr.
S inking fu n d , 6 s....... . 1929 A «fe O 120 b. 116 Ja n . 121 Apr.
S in k in g fu n d , 5 s ...............1929 A «fe O I l li 2 b . 107% M ay 112 Mar. P enn. Co.—4% g., coupon. 1921 J «fe J 110%b. L06 Ja u . 113% May
94 b. 74 Ja n .
95 Aug..
Sinking fu n d , deben., 5 s. 1933 M «fe N *111 b. 106% Ja n . 112% Apr. Peo. Deo. «fe E vansv. - 6 g.1920 J «fe J
E vansv. D ivision, 6 g . „ 1 9 2 0 M «fe S 94 b. 74 M ar. 94 Aug.
25-year d e b e n tu r e ,5 s ...1909 M «fe N •*107 b. 104 Ja n . 109 A pr.
2d m ortgage, 5 g...............1926 M «fe N 27 b. 19 Ja n .
28% Apr.
E x te n sio n , 4 s ....................1926 F «& A 100 b. 97 Ja n . 100% Sept.
78%
67% Ja n .
80% Sept..
C bio.R .I.& Pac.—6s., coup. 1917 J «fe J .1 2 7 b. 123 Ja n . 129 Apr. Phila. & R ead .—Gen., 4 g.1958 J «fe J
1 st pref. incom e, 5 g....... 1958
33
27 Ju n e 39% Mar.
•97% J a n . 104 Apr.
E x te n sio n an d col., 5 s ... 1934 J «fe J 100%
.......
1958
2d
pref.
incom
e,
5
g
21%b.
27% Mar.
18%
May
M
«fe
S
89
95
Feb.
88% Sept.
80-year d eb en tu re, 5 s . . . 1921
3d pref. incom e, 5 g ....... 1958
17%b. 13% May
21% Mar.
Ohio. St, P . M. & O.—6S....1930 J & D 125 b. 119% Ja n . 127% May
P
ittsb
u
rg
&
W
estern—4
g.1917
81%b.
J
«
fe
J
80%
M
ar.
88 Apr.
80
a.
84
Ja
n
.
70 M ar.
C leveland & C anton.—5 s .. 1917 J <& J
Rich. & D anv.—Con., 6 g . . 1915 J «fe J 117%
118% June
C. O. C. & I.—Consol., 7 g.1914 J «fe D 131 b.
Consol, 5 g . ........................1936 A «fe O t 87 b.
t ’8 7 Aug:
G en eral consol., 6 g . „ . .1934 J «fe J 120 b. 117 Ja n . 120 Mar.
170% Sept.
C.C.C.&St.L.—Peo.«feE.,4s.l940i A «fe O * 77 b. 69 Aug. 84% Apr. Rich. «feW.P.Ter.-Trust, 6 g .l8 9 7 F «fe A 1 68%
Con.
1
st
<
&
col.
tr
u
s
t,
5
g.1914
1
33%
'3 5 % Sept,.
M
«
fe
S
118
Ja
n
.
15
b.
20
Apr.
15 Ja n .
Incom e, 4 s ......................... 1990 A pril.
66%
62 Ju ly 71 Apr.
ol. Coal & Iro n .—6 g .„ „ 1 9 0 0 F «fe A * 98 a. 95 Ja n . 100 M ay Rio Gr. W estern—1st, 4 g.1939 J «fe J
St.
Jo
.
«fe
Gr.
Isla
n
d
—6
g
„
1
9
2
5
M
«
fe
N
*
65
a.
69% Apr.
61%
Ju
n
e
8 1 78 M ay 94 Aug.
pLH.'V al.& Tol.—Con.,5 g.1931 M«fe S 90
113 Ape
G eneral, 6 g ...................... 1904 J «fe D 92 b. 85% Aug. 94% Aug. St. L. <&San F r.—6 g., C1.B.1906 M «fe N 112%b.
M
«
fe
N
112%b.
113
Apr.
D en v er & R io Gr.—1st, 7 g.1900>M<& N 11512 b. 113 M ay 115 Aug.
G eneral m ortgage, 6 g „ 1 9 3 1 J «fe J
98 Apr..
95 b. 82 Ja n .
71 J u ly 80 Sept.
l e t consol., 4 g.................. 1936: J & J 79%
St.
L.
So.
W
est.—1st,
4s,
g.1989
M<&
N
62%
Apr..
53
J
u
ly
58
50 Ja n .
50 Ja n .
D et. JB.City & A lpena—6 g.1913; J & J
2d, 4s, g., in co m e...........
J «fe J * 17%b. 14 Aug. 20% Apr.
P e t. Mac. &M.—L d.grants.1911 A fe O 23 b, 22 Aug. 27% Apr.
M«fe N 119 b. 115% J a n . 121 Apr.
D ul. So. Sh. & A tl.—5 g . . .1937 J «fe J 96 b, 93 Feb. 102 A pr.
J & J 119%a. 115 Ja n . 122 Mar.
E , T enn. V. & Ga.—Con., 5g. 1956 M«fe N 10468b, 86% Ja n . 105 Sept.
“
reduced
to
4%
g
„
J «fe J 100%b. 97% Ja n . 102% Ju n e
K n o x v ille & Ohio, 6 g .. . . 1925 J & J 111 b 96 Ja n . 112 Aug.
M ontana E x te n sio n , 4 g ' "
89% Apr.
J «fe D 84%a. 8 4 Ja n .
JV W .& D e n v .C ity .—6 g „ 1 9 2 1 J «fe D 7212 b, 66 Ja n . 79% A pr.
59% Apr.
S
an
Ant.«fe
A
.P.—1st,4
g.,g
J «fe J
5638b. 50% J a n .
90 M ay 92% Aug.
S ||i,H .& SanA n.-M .& P.D .l8t,5g ■M & N 92%
105 Feb. 110 Feb.
95 Aug. South C arolina—1st, 6 g „
Gen. E le ctric, deb. 5s, g . . .1922 J «fe D 88 b, 68 Ja n .
So.
Paeiflo,
A
riz.—6
g
„
1
9
0
9
-1
0
94% Jan.
1
J
«
fe
J
86
b
88
Ju
ly
60 J a n . 66% Sept.
R o u s. & T. Cent., gen. 4s, g . 1921 A «fe O 65%
UUnois C en tral.—4 g .........1952 A «fe O 103i2b, 100 Feb. 103 Sept. So. Pacific, Cal.—6 g .. . .1905-12 A «fe O 109 b 104 J u ly 109% Sept.
1
st
consol.,
gold,
5
g
.......
1938
98 Apr.
A
«fe
O
85%
M
ay
I n t, & G re a t N or.—1 st, 6 g.1919i M «fe N 11312 b, 109% Aug. 116 Apr.
«fe J
97 b 94% J u ly 100 Sept.
2 d 4 - 5 s . „ . ........................ .1909i M «fe S 68 a, 60 Ju n e 68% Apr. So. Pacific, N. M.—6 g ....... 1911
Tenn.C.
I.
<feRy.—T
en
.D
.,lst,6
85% Apr.
75
J
a
n
.
<
f
e
O
83
a.
Io w a C en tral.—1 st, 5 g .. . .1938; J «fe D 90 b, 86 Ja n . 95 Apr.
B irm ingham D iv., 6 g „ . l 9 l
87 Apr.
«fe J
85 a. 77 Ja n .
70 b, 79 Ja n . 85 A pr.
SingB Co. E lev.—1 st, 5 g „ 1 9 2 5 J «fe J
88 Aug.
T
ex
as
<
&
Pacific—1st,
5
g
„
2
0
0
0
72%
Ja
n
.
«fe
D
86%b.
81 Ja n .
89 A pr.
88 %
L aclede Gas.—1 st., 5 g ___1919 Q—F
28% Aug.
2d, inoom e, 5 g ................. 2000 M arch
17% Ja n .
25
L ak e E rie «fe W est.—5 g ...,1 9 3 7 J «fe J 115 a, 110% Ja n . 115% A pr.
80% Sepfc
Tol.
A
n
n
Ar.
<
fc
N.
M.—6
g.1924
:
M
«fe
N
55
M
ar.
80
L . Shore.—Con. cp., 1st, 7 s. 1900 J «fe J 118%b, 118 Ja n . 121% M ay
Consol, coup., 2d, 7 s .....1 9 0 3 J «fe D 12378b, 122 Ja n . 125% M ay Toledo <&Ohio C ent.—5 g.1935 J «fe J 106%b. 103% Ju ly 108 May
84% Mar
Toledo
Peo.
<
fc
W
est.—4
g.1917
J
<
&
J
68
J
u
ly
73
b.
D ong Islan d . 1 st con., 5 g. 1931 Q - J 118 b, 113 Ja n . 116 May
155% Aug. f 64 Apr.
G en eral m o rtg age, 4 g „ 1938 J «fe D 96%b, 93% Feb. 99% M ay Tol. St. L. «feK an.C —6 g „ 1916 J «fe D t 61
111
Apr.
Union
Pacific—6
g
...............1899
J
<
&
J
103%
J
u
n
e
107
b.
«feO 112 b. 109% Apr. 113% Mar. E x t. sinking fund, 8 ........1899 M «fe S 96
Lonia. & Nash. Cons., 7 s. 1898
90 J u n e 103 Feb.
N ,0 . & Mobile, 1st, 6 g .. 1930 & J 118 %b, 112% Ja n . 120 Sept.
49
Jan.
M«&
N
C
ollateral
tru
st,
4%
........1918
40
M
ay
«fe J 112 a. 97 Ja n . 110 Aug. Gold 6s, ool. t r u s t n o tes.1 8 9 4 F «fe A
«
“
2d, 6 g „ 1 9 3 0
92% Apr88 b. 82 Ja n .
«fe D 116 b, 109% Ja n . 116 Mar.
G en eral, 6 g .....................1 9 3 0
109
I
M«fe
N
K
an.
Pao.-D
en.
D
iv.,6
g.1899
101
Ja
n
.
105
%b.
71 Ju ly 79 Sept.
«fe J 79%
Unified, 4 g ...............
1940
1 st consol., 6 g ...............1919 M «fe N 80
72 Ju n e 97 Mar.
A * 87%b, 76 Feb. 91% Aug.
N ash. FI. & Sh.-1 st.g td . ,5 g.’37
9278 Mar.
O regon S h o rt L ine—6 g ..l9 2 2 F «fe A 84%
75 Ja n .
«fe J 82 b, 82 Ja n .
85 M ay
K en tu ck y C entral.—4 g.1987
56% Apr.
Or.S.L.«feUt’hN.—Con.5g.1919 A & O 44%b. 40 J u ly
«fe J 107 b. 108 Ja n . 113% Mar.
Louis. N. A. <&Ch.—Is t.,6 s .l9 1 0
48%
Apr.
U.P.Den.«feGulf
,oon.,
5
g.1939
31%
J
u
n
e
J
<
&
D
39 b.
96 b. 83 Ju n e 100 Mar.
Consol., 6 g ........................ 1916; A «& o
70 M ay 87% June
L ouis. St. L. & T exas.—6 g.1917 F «fe A * 60 a. 55 Ju ly 61 Apr. U. S. Cord.—1 st col., 6 g „ 1 9 2 4 J & J -78
96%
Sept
Ja
h
.
V
irginia
Mid.—Gen.M.,
5
s.
1936
M
«
fe
N
b.
70
96
M etro. E le v ated .—1 st, 6 g.1908 J «fe J 120 b. 116 Ja n . 121% J u n e
“
“
stam p ed g u a r.. M «fe N 96%b. 72 Jan.. 97% Sept
2d, 6 s . . . ............................. 1899 M«feN 110% 107 Ja n . 111 A pr.
107%
Apr.
M
«
fe
N
102 Ja n .
105
Mlob. Cent.—1 st, cons., 7 s . 1902; M «fe N 123 b. 119% May 124% Mar. W abash—1st, 5 g . ................1939
2d m ortgage, 5 g...............1939 F <& A 68
66 Aug. 79 AprConsol., 5 s ...............
1902; M «fe N 108 %b. 106 Mar. 109 Sept.
22 b. 21 M ar. 28 % Apr.
D ebent. M., series B ....... 1939 J «fe J
J ill, LakeSh.&W .—1 st, 6 g.1921 M«fe N 129 %b. 124 Ja n . 130 Apr.
Ju ly 103% Sept
•fe
J
103
b.
97
West.
N.
Y.
<fcPa.—1st,
5
g.1937
F
«
&
A
105%
Feb.
109
b.
110%
J
u
ly
E x tern & Im p ., 5 g.......... 1929
2d m o rtg a g e ...................... 1927
<fe O 243sb. 18% Feb. 126 Aug.
76 J u ly 83% Mar.
MO. K. & E .—1 st 5s, g., gu.1942 A «fe O 81%
J
a n . 109 June
103
A
J
108
%b.
W
est.
Un.
Tel.—Col.
tr
.,
5s.
1938
80%
77%
Aug.
83%
Apr.
J
«
fe
D
M. K. & T exas.—1st, 4s, g.1990
•fe J
58 b. 50% Aug. 76% Mar.
38 Ju n e 48% Apr. Wise. Cent. Co.—1st, 5 g „ 1 9 3 7
2d, 4s, g „ : ............... ......1 9 9 0 i F «fe A 43
i 18 Feb,
Aug.
b.
8
In
o
o
m
e
,5
g
___
_.
.
.
-----.1937
8
87
Ja
n
.
i
M
«
fe
N
97%b
101%
Apr.
Mo, P ac.—1 s t,con., 6 g ---- 1920
Mo t e . —“b ” in d icates price bid ; “ a ” p rice asked ; th e ran g e is m ade up from ao tu al sales only. * L a te st p rice th is w eek, t T ru st receipts
R a il b o a d a n d M isc k l . B o n d s . In te n t
S
NEW YORK STOCK EXCHANGE PRICES-iContinued ).—IN ACTIVE BONDS—SEPTEMBER 2 8 .
SECURITIES.
Bid. Ask.
Railroad Bonds.
(Block Exchange Prices.)
labaro a Mich—1st, g., g u a r..1928 88 % 89
. T . & S. V —2d, 4s, Class B .1989
77*"
Gol. Mid. 1st, g., 6 s ................1936
tSontio <fe D anv.—1 st g., 6s. .1917
,V. * P ac.—2d W. D., gu. 6 s,. 1907
a lt. A O hio—1 st, 6s, P a rk B .1919 120
112
•a . s o l d ....
..........«...1925
SEC U R ITIE S.
Bid. Ask.
SECURITIES.
Bid.
B. R. <feP.—Roch. P ., 1 st, 68.1921 120
114
B. <fcO.— Jons, m ort., gold.5s.1988
Roch. <&P itts.—Cons. 1st, 68.1922 118
W. Va. A P itts.—1st, g., 5S..1990
Burl Ced. R ap. & No.—ls t,5 s .l9 0 6 106
B. «&O. S. W., 1st, g., 4 % s.„1990 107%
Consol. <&collât, tr u s t, 5 s„ .1 9 3 4
M onon. R iver, ls tg .,g . 5 s. „1 9 1 9
M inn. A St. L.—1st, 7s, g u „ 1 9 2 7 115
104%
Oent’l Ohio R eor.—1st, 4 % s.l9 3 0
Io w a 0. <&W est.—1st, 7 s „ „ 1 9 0 9 100
Ak.«fe Ch. Ju n o .—1st,g,5s,gu.1930
Oed. R ap. I . F . A N., 1 st, 6S.1920 100
Bost. H. T un. <& W.—Deb. 58.1913 *100
90
1st. ÒB........ ......................1921
65
Brooklyn E levated—2d, 5s. „ 1 9 1 5 63
C.OM 0—Col. <hCin.M .lst,4% s.l939
B runsw .ck <&W’n —1 st, g. 4s, 1938
Cent. R R . A F n n k .—Col. g .5 s .l9 3 7
99
Buff. R<> h. <fe P itts.—G en., 58.1937 96
Ask.
121
107%
mmmmrn
"""
...... .
THE
S e p t e m b e r 2 9 ,1 8 9 4 . J
CHRONICLE.
547
NEW fOftK STOCK EXCHANGE PRICES.—INACTIVE BONDS—f Continued J—SEP FEMB ER 28.
SECURITIES.
B id.
Ask
* No p rice Prut:
SEC U R ITIE S.
F lin t & P . M arq.—M ort., 6 s . . .1920
1st con. gold, 5 s......................1939
P o rt H uron—1st, 5 s ............. 1939
Fla. CeD & P en .—1 st g. 5 s .... 1918
1 st con. g., 5s ....................... .1943
F t W orth & R. G.—1 st g., 5S..1928
Gal. H ar. & S an A nt.—1st, 6 s. 1910
Gal. H. & 8. A.—2d m ort., 7 s ..1905
Ga. Car. & Nor.—1st, gu. 5s, g.1929
Ga. So. & F la.—1st, g. 6 s.........1927
G rand R ap. & Ind.—Gen. 5 s .. 1924
G. B. W. & 8t. P .—1st, con. 5s. 1911
2d ine. 4 s ..................................1906
H ousatonio—Cons, gold 5 s .... 1937
N. H av en & D erby, C ons.5s..l918
Hous. & T. C.—W aco & N. 7 s..1903
1 st g., 5s (int. gtd>.................1937
Cons. g. 6 s (int. g td ).............1912
D ebent. 6 s, prin. & in t. gtd. 1897
D ebent. 4s, prin. * in t. gtd.1897
Illinois C entral—1st, g., 4s ...1 9 5 1
1st, gold, 3*48 ......
1951
G old 4 s ..................................... 1953
Cairo Bridge—4 s ....... ........... 1950
Springf. D iv.—Coup., 6 s ___1898
Middle D iv.—R eg., 5s.......... 1921
O. St. L. & N. O.—T e n .f$ 7 s . 1897
1st, consol., 7s. | ...................1897
2d, 6 s........................ ............1907
Gold, 5s, c o u p o n ................1951
Mernp, Div., l s t g . 4 s ....... 1951
Ced. F alls & M inn.—1st, 7 s.. 1907
Ind. D. & Spr.—1st 7s, ex. cp.1906
Ind.D.&W .—1 st 58, g .,tr.re o ..l9 4 7
2d, 5s, gold, tr u s t r e c e ip ts .. 1948
Inc. M. bonds, tr u s t r e c e ip ts ___
Ind. Ills. & Iowa.—1st, g, 4 s.. 1939
In t.* G . N’n—1st, 6 s,g................ 1919
3d, 4s, g .........................1........1921
E ingsC o.-F .E l.,lst,5,g.,gu.A .1929
Lake E rie & W est.—2d g., 5s. 1941
L. S. & M.Sou.—B.&E.—N e w 7 s .’98
D et. M. & T.—1st, 7 s............. 1906
L ake Shore—Div. bonds, 7s. 1899
K al. All. & G. R.—1st gu. 5s. 1938
M ahon’g Coal R R .—1st, 5s. 1934
L ehigh V.,N.Y.—1 st gu.g.4% 8.1940
Lehigh V.Term .—1 st gu, 5s,g. 1941
Lehigh V’y C oal—1st 5s,gu.g. 1933
iiitchf. C a r.* West.-—1st, es. g.1916
L ittle Rook & M.—1st, 5s, g .1937
Long Islan d —1st, 7 s ................ 1898
Gold 4 s ..................................... 1932
N. Y. & R’w ay B .—l s t ,g . 5 s .1927
2d m ortg., i n o . . . . ...............1927
N.Y.&Man. Beach.—1st, 7s, 1897
N. Y. B.&M. B.—1st con. 5s,g. 1935
Brookl’n& M ontauk—1st, 6 s. 1911
1st, 5 s ................................... 1911
Louis.Evan 8.& St. L.—Con.5s.1939
L ouis.& N ash.—Cecil. Br. 7 s ..1907
E. H . & Nash.—1 st 6 s, g ....l 9 1 9
P ensacola D ivision, 6 s .........1920
St. Louis D ivision, 1st, 6 s ... 1921
2d 3s
1980
N ashv. & D ecatur—1st, 7 s .. 1900
B. f ., 6 s.—S. & N. A la..............1910
10-40, gold, 6 s .....................1 9 2 4
50-year 5s, g .,........................1 9 3 7
P ens. & A t.—1st, 6 s, g o ld ... 1921
Collat. tr u s t, 5s, g ................1931
Lou.N.Alb.*Ch.—G en.m .g.5s.l940
M a n h attan Ry.—Cons. 4s....... 1990
Manito.S. W.Coloniza’n—5s ,g .l9 3 4
M em phis & C hari.—6 s, g o ld .. 1924
1st con. T enn lien, 7 s...........Ì915
M exican Cent. ConsoL—4s, g.1911
1st, cons, incom e 3s, g.........1939
Mex. In te rn a tio n a l—1st, 4 s,g.l942
M exican N ational—1st, g., os. 1927
2d, incom e, 6 s, “ A” ............... 1917
2d, iucom e, 6 s, “ B ” . . . ........ 1917
M ichigan C entral—6 s . ............. 1909
Coupon, 5 s................................1931
M ortgage 4 s..........................1 9 4 0
B at.C .* d trg is.—lst,3 s,g .g u . 19 39
Mil. L, 8.&W.—<Jonv. deb., 5s. 1907
Mich. Div., 1st, 6 s....... ..........1924
A shland D ivision—1st, 6 s ..1 9 2 5
i n c o m e s . . . . . . . . . . . . .............. .........
Minn.& St. L.—1st, g. 7 s ....... .1927
Iow a E xtension, 1st, 7s....... 1909
2d m ortg., 7 s...........................1891
S outhw est E x t.—1st, 7s....... 1910
Pacific E x t.—1st, 6 s ............ 1921
Im p r. & equipm ent, 6 s.........1922
M inn. & P ao.—1 st m ortg., 5 s .1936
M inn.St.P.&S.S.M—ls to .g .4 s .l9 3 8
Mo.K.&T.—K.C.&P., 1st, 4s, g. 1990
Dai. & Waco—1st, 5s, g u ..,.1 9 4 0
M issouri Pacific—T ru st 5 s . . .1917
1 st coll., 5s, g ....... ................1920
St L .* I. M .-A rk .B r.,lst, 7s. 1895
Mobile & Ohio—1st ex t., 6 s.. .1927
St. L. * Cairo—4s, g u a r....... 1931
M organ’s L a. * T.—1st, 6 s .... 1920
1st, 7 s ........... ........................1918
Nash. C hat. & S t. L.—2d, 6 s ..1901
N. O. &. No. K -P r. L, g., 6 s ..1915
N. Y. C entral.—Deb. g. 4 s . . . .1905
N. J . Ju n o —G uar. 1st, 4 s ... 1986
Beech Creek—1st, gold, 4 s ..1936
Osw. & Rome—2d, 5s, g.,gu. 1915
U tica & Bl. Riv.—4s, g., gu.1922
N. Y. & P u t.—1st. g., 4 «. gu. 1993
N. Y. N. H. & H .—1st, rev 4s. 1903
N. Y. & N orthern—1st, g. 5 s .. 1927
N. Y. ttusq. & West.—2d, 4% s. 1937
Gen. m ort., 5s, g . . . . . . ......... 1940
N. Y. Tex. & Mex.—lsi,4 s,g u .l9 1 2
N orth’n Pacific—Divid’d scrip e x t.
Ja m es R iver Val.—1st, 6 s ...1936
Spokane * P al.—1st, 6 s....... 1936
Bid.
Ask.
SEC U RITIES.
Bid.
Ask,
115% 116% N orthern Pacific—( Continued.)
87% »0
Helena& RedM ’n—lst,g ., 6 s .1937
90
. D uluth& M anitoba—ls t,g .6 s l9 3 6
90
Dul.&M an D ak.D iv.—Is t6 s.l9 3 7
90
94%
Cœ ur d’Alene—1st, 6s, gold. 1916
‘58
Gen. l8 t,g ., 6 s......................1938
98
Cent. W ashington—1st,g.,6s.l938
95
N orfolk & South’n—1st, 5 s,g .1941 Ì 03 " 105“
N o rfo lk * West.—G eneral, 6 s. 1931 118%
85%
New R iver, 1st, 68 .................1932 108
34
*25
Im p. & E x t., 6s....................... 1934 . . . . . . . . . . .
62
A djustm ent M., 7 s ................ 1924 . . . . a . -•■■a
10
15
E quipm ent, 5s.........................1908 . . . . . . . . . a «
119%
C linch V al. 1 st 5 s..................1957 . . . . . . . . . . . .
114%
Roanoke&So.—1st, gu. 5s, g.1922
106
Scioto Val. & N. E .—1st, 4s,.1990 *74
76
103% 105
Ohio & Miss—2d oonsol. 7s. ..1911
100 103
S pring.D iv.—1 st 7s........ . 1905
99
G eneral 5 s...............
1932
.....
85
87% Ohio R iver R R .—1st, 5s.......... 1936 .........
106
Gen, g .,5 s ...............................1 9 3 7
96
O regon & C alifor.—1st, 5s, g.1927 *78
85
99% 10 j % Oreg. R y& N av.—C ol.tr. g..5s. 1919 ‘74
Pan. 8ink.F ’d Subsidy—6s, g. 1910 «•■■a
105 107
Penn.-P.C.C& St.L.Cn.g.4% sA1940 106 106%
110
Do
do
Series B ..
106 106%
111 113% P.C .& 8.L .-lst,o.,7s...............,1900
111 113% P itts. F t. W. & C —1st, 7 s ... 1912 136%
2d, 7 s ................................ ..1912 . . . . . .
.........
3d 7s
1912
116 120
Ch.St.L.&P.—ïst,c o n .5 s ,g ...l9 3 2 114
100
Clev. & P .—Cons., s. fd., 7 s .1900 118%
Gen. 4%s, g., “ A” ............. 1942
St. L .V .& T .H —1 s t ,6 s.,7 s . 1897 107%
2d, 7 s....... ...................... ....1 8 9 8
.....
2d, guar., 7 s......................... 1898 106
G d.R .& I.E xt.—1st,4%s,G.g. 1941 103 ................
79
1*3%
Peo.& E.-Ind.B. &W .-ls 0,pf.7s. 1900
..« • a
22
Ohio tnd.&W .—I s tp r e f.5 s ..l9 3 8
P eoria & Pek. Union—1st, 6s .1921 109
i'02 103
2d m ortg., 4% s........................1921 66
75
113
P itts. Cleve. & Toi.—1st, 6 s ... 1922
P itts. & L. E r.—2d g. 5s, “ A” . 1928
125
115% 116% P itts. Mc. K. & Y.—1st 6s___.1932 124
111
P itts. P ainsv. & F.—1st, 5 s ... 1916
99
113%
P itts. Shen. & L. E .—Is t,g .,5 s.l9 4 0
85
86%
102 %
P itts. & W est.—M. 5s, g.1891-194 L
80
P itts.Y ’g st’n&A.—1st, 5s,oon.l927 . . . . . . * . . . a a
106
P res. & Ariz. C ent.—1st, 6s, g.1916
95
55
2d inco me 6 s ........................... 1916
Rich. & D auv.—D ebenture 6 s. 1927
40
E quip. M. s. f., g., 5 s ............1909
112 115
100
A tl. & C har.—1st, p ref., 7 s .. 1897 aoôifl
do.
Incom e, 6 s___ 1900 100
Wash. O. &W. —I s t,4s,gu. oy., 1924
37% 43
75
105
Rio Gr. Ju n o .—1st, gu., g., 5 s.l9 3 8
103
Rio G rande So.—1st, g., 5 s ...1940 . . . . . . ................
98
St. Jo s. & Gr. Is.—2d in c .........1925
103
K an. Ç. & O m aha—1st, 5 s ..1927
107% 108%
46% St. Louis A. & T. H .—
Believ. & So. 111.—1st, 8 s ... 1896
105%
110
HO
Bellev. & Car.—1st, 6s..........1923
110
C hi.S t.L .& P ad—lst,g d .g .5 s 1917
107 112
St. Louis So.—1st, gd. g. 4 s. 1931 mmmmmrn
118
do
2d iu c o m e ,5 s .1931
85 . . . . . .
Car. (feShawt.—1st g. 4 s ....1 9 3 2
ÏÏ 2I 116
104
St. L. & 8. F .—2d 6s, g., el. A . 1906 112%
E q u ip .,7 s . . . . . . . . . . . . . . . . . . . 1895
101
G eneral 5 s . . . . ......................... 1931 83
1st, tru st, gold, 5s.. . . . . . . . . . 1 9 8 7
98
70
Consol, guar., 4 s ....... . . . ....1 9 9 0
105%
42 43%
K an. City & S.—1st, 6s, g ...l 9 1 6 ................ • . . a aa
66
67
F t. 8. & V. B. Bg. - 1 s t, 6 s ... 1910 ....... . . . . .
99%
99
K ansas M idland—1st, 4s, g. 1937
St. P au l & D uluth—1 s t,5 s . . . . L93J
*57
......
2d m ortgage 5s....................... 1917 ioT*
111
St. P a u l M ian * M.—1st, 7 s .. 1909 110*4
2d m ort., 6 s..................
1909 118%
M inneap. U nion—1st, 6 s___1922
70
Mont. Cen.—1st, g u ar., 6 s ..1937 1ÏÔ" iiT*
1 st guar. g. 5 s .....................1 9 3 7
100%
E ast. M inu., 1st div. 1st 5s. 1908 101 102
W
ilm drJcSiouxF.—1st, g ,d s.l9 i «
116%
San F rau. * N. P .—1st, g., ds.1919
113
South CaroLind—2d, 6 s...........1931
100
Iucom e, 6 s .... . . . .. . . . . . . . 1 9 3 1
So. Pao. C oast—1st, g u a r.,4 s. 1937
Ter. R ft. As’u of S t.L .-la t,4 %s. 1939 103 ................
125
T exas & New O rleans—1st,7s. 1905
125
Sabine Division, 1st, 6 s....... 1912 loz-â ioT*
Consol. 5 s ,g ....... .
.......1 9 4 3
125 135
9L
Te t. & P ac., E . D. —1st, «. 6s. l.%>4 / 1106
Ô6
119
T üird Avenue (N.Y).—1 s t 5s, 1937 ltg 118%
141
Toi. A. A. & Cad.—6 s ............... 1917 65
152 160
«•«.a
Toledo A. A. JsG ’d T r.—g. 68.1921 so 100
lf5 %
125 126*« Toi. A. A. * Mt. P t.—6 s....... ..1 9 1 9
75
ToL A. A. & N. M.—5s, g ......l 9 4 0
T.AO.C.—K a n .* M., M ort. 4S.1990
76
U lster & Del.—1st, con.,6.,5s. 1928 102*4 104
70
80% Union Pacific—1st, 6 s...........1 8 9 6 i 10a*4 105%
1st, 6 s ...................
.1897 105*1
1st, 6 s . . . . . : . . . . ...................... 1898 106% 106%
70
C ollateral T rust, 6s..............1908
105
84 89
C ollateral T rust, 5 s....... ....1 9 0 7
110
69
K ansas Pacific—1st 6s, g ...l 8 9 5 104
1st, 6s, g . ..................
1896 105*6
O. B r. U. P - F . 0., 7 s .......1 8 9 5
125 127
Atoh. Col. A P ac.—1st, 6 s... 1905 *35
110 .... Atch. J . Co. & W.—1st, 6 s ... 1905
U. P. Lin. & Col.—ls t,g .,5 s . 1918
103% 105
45
100 ..... O reg.S.L .* U .N .,c0 i.trst.,5 s.l9 19 34 36
U tah & N orth.—1st, 7 s ... . . 1 9 0 8
103%
96
Gold, 5 s . . . . ..................... ...1 9 2 6
106 108
U tah S outhern—Gen., 7s ..1 9 0 9
103
9*5"“
E x te n ., 1st, 7 s............ ....1 9 0 9
101*4
90
Valley R’y Co. of O.—Con. 6 s .1921
105*4
Wabash—D ebenture, S er. A .. 1939
115
D et. * Unie. E x t. 1st, ds, g .. 1940 ....... 99*"
8 /%
94-s
No M issouri—1st, 7 a .. . . . . . 1895 102 v
St u .F .C .* N .-R .E .* R R .7 s.l8 9 5 102%
8t.C h a le s B r’ge—1st,6 s.. .1908 107
36
40
.............
W est V&. Û. & P itts.—1st, 6 s . 1911
W heei.*L .E.—1st. 5s, g o id ...l9 2 6 |*
*80
106
St.. Pan* * N. P .—<4en. Oa .IQ O i I I - 117%
■»e are the la te s t q uotations m ade this week. P o r itti« e e i i a u e o u s a n d C u l l s t e d t t o u 4 a .—3as 34 page precediug. J
tftont of N. J .—Conv. deb., 68.1908
Central Pacific—Gold bds, 6 s, 1896 1 0 2 %
Gold oonds, 6 s . . . ........- ........ 1896 102%
Gold bonds, 6 s . . . . ................ 1897 103 103*4
San Joaqnin B r., 6 s ...............1900 107*4
Mort. gold 5 s .......................... 1939
Land gran t, 5s, g. . . . . . . . . . . 1 9 0 0
CaL & O. Div., ex t., g. 5 s ... 1918
West. Pacific—Bonds. 6 s— 1899 *103»« 107*4
No. Railway (Cal.)—1st, 6 s .1907
50-year b s .
............ 1938 *92“
CMes. & O,—P u r. M. fu n d , 6S.1898 108
6s, gold, series A ................... 1908 120*4 121*4
Craig Valley—1st, g., 5 s .... 1940
99*4
Warm Spr. Val., 1 st, g. 5 s .. 1941
Qbes. O. & 8o. West.—1 st 6 s, g.1911 104*4
50
2d, 6s . . . . ............... . . . . . . --1911
Ob. V .-G en .eo n .lst,g u .g ,5 s.l9 3 8
Chicago & Alton—8. F ., 6 s — 1903 116*«
Louis. & Mo. R iver—1st, 78.1900 115*8
2d, 7 s...................- ............... 1900 *107*«
St. L. Jacks. & Cbio.—2d, 7s. 1898 107*4
Miss.R. Bridge—1st, s. f., 6 s.l9 1 2 106
Ohio. Burl. & Nor.—1st, 5 s . . . . 1926 105
Debenture 6 s ...............
1896 *95
Okie. Burling. & Q.—5s, s. f ..l9 0 1 *106*« 107*4
Iowa Div.—Sink, fu n d , 5 s .. 1919 *107*4
Sinking fund, 4 s .................. 1919 97*4
8 8 *4 90
Plain, 4 s . . . . . . . . . . . . . . . . . . . . . 1 9 2 1
Okie & In d ian a Coal—1 s t 5 s. 1936 94
Obi. Mil. & 8 t.P .—1st,8 s,P .D .1898 1)3*4 113%
2d, 7 3-lOs, P . D .................... 1898 118 120
1st, 7s, $ g., R. D ................... 1902 125
1st, E & M., 7 s....................... 1897 118
1st, I. & D .,7 s ....................... 1899 118*4
1st ,C. & M., 7 s ....................... 1903 126*4
1st, I. & D. E x te n s io n ,7 s ...1908 130
1st, La C. & Dav., 5 s............. 1919 *105 105*4
1st, H. & D .,7 s ......................1910 125 125*4
1st, H. & D., 5 s . . . . ...............1910 105 106
Chicago * Pacific Div., 6 s .. 1910 *117 120
Mineral P o in t Div. 5 s .......1 9 1 0 *104*4
0. & L. Sup. D iv., 5 s............ 1921 107
Fargo & South., 6 s, A s s u ...l9 2 4 116*4
Inc. conv. sink, fu n d , 5 s . . . . 1916
Dakota & Gt. South., 5 s .... 1916 Íb T ‘
Mil. & Nor. m ain line—6 s . .. 1910 117
Ohio. &Norw.—30-year deb. 5s. 1921 *106*4
Eseanaoa * L. 8 .1 s t, 6 s ....1 9 0 1 *114
DesM. & M inn.—1st, 7 s . . . . 1907 *121
Iowa Midland—1st, 8s ......... 1900 *122
Peninsula—1st, conv., 7 s ...1 8 9 8
Ohio. & M ilwaukee—1st, 7 s .1898 *11158
Win. & St. P .—2d, 7 s............. 1907 *127
Mil. & Mad.—1st, 6 s ............ 1905 *113
Ott. C. F. & St. P .—1st, 5 s .- 1909 107 108%
Northern 111.—1st, 5 s.......... 1910 107
Ch.R. I. &P—D. M.&F.D. 1 s t 4s. 1905
1 st, 2 %s____
.......1 9 0 5
55
60
Extension, 4 s.................. ..1 9 0 5
Keokuk * Des M.—1st, 5 s .. 1923 99 100
Ohio. & 8t.L.(A tch.)—1st, 6 s.. 1915
Ohio. St. P. & M inn.—1 st, 6 s ...1918 126*4
8t. P au l & S. C.—1st, 6 s ....... 1919 127
CMo. & W. In d .—1st, s. f., 6 s. 1919
General m ortgage, 6 s ...........1932 116*4
d n Ham. * D.—Con. s. f., 7s. 1905 121
2d, gold, 4 % s ....................... 1937
Cm. D. * I r ’n —1st, gu. 5s, g. 1941
100
Olev. Ak. & Col.—Eq. & 2d 6 s. 1930
0.
0.0. & St. L., Cairo div.—4s, 1939
8t.Lou.DiV.—I s t 00l.ts’t 4 s,g. 1990 *91
92*4
Bpring.&CoLDiv.—lst,g . 4s. 1940
White W.VaLDiv.—1 st,g. 4s. 1940 8 8 * 4 90*4
Cin.Wab.*M.Div.—1st,g. 4s. 1991 91
Qin. I. St. L. * C.—1 st,g.,4s. 1936
95
Oonsol , 6 s ................................1920
Cin.8aa.&Cl.—C o n .lst,g.5s, 1928 105
01.
Col. Cin. & In d .—1st, 7 s,s.f.l899
114%
Oonsol. sink, fu n d , 7 s ...........1914
Qleve. * Mah. V.—Gold, 5 s ... 1938
Columbia * G reen.—1st, 6 s. ..1 9 1 6 104
. eL Lack. * W.—Mort. 7 s ....1 9 0 7 131
Byra. Bing. & N. Y.—1st, 7s. 1906 132 133*4
Morris & E ssex —1 st, 7 s ....1 9 1 4 142*4
Bonds, 7 s . . . .............
1900 114
7eof 1871..................
1901 12138
1st, con., g u ar., 7 s.............1915 111 142
DeL & H ud. Can.—Coupon 7 s,1894 1033s
Pa. Div., coup., 7 s.................1917 142
Albany & Susq.—1st, gu.,7s. 1906 132
1 st, cons., g u ar., 6 s . . . . . . . 1906 121
Bens. * Bar.—1st, coup., 7s. 19 2 1 144
Denver City Cable—1 st, 6 s ...1908
Deny. T ram w ay—Cons. 6s, g.1910
MetropoL Ry.—ls t,g u . g .6 s.l911
Denv. & R. G.—Im p .,g ., 5 s ... 1928 76
Duluth & Iro n Range—1 st 5s. 1937 92
B. Teun. Va. & Ga.—1 st, 7 s ... 1900 113*4
Divisional 5 s....... .................. 1930 1 LI
Eq. A Im p., g., 5 s .................... 1938 86
8 8 *4
Mobile & B irm .—1st, g., 5 s.. 1937
Alabama C entral—1 s t 6 s . . . 1918
Erie—1st, ex ten d ed , 7 s...........1897 109% 1103s
*d, extended, 5s.................... 1919 112*4 115
8d, extended, 4 % s................ 1923 107*4 108*4
4th, extended, 5 s . . . .............. 1920 112 %
bth. extended, 4 s .................. 1928 101 U 3
1st, con., g., f’d , 7 s ...............1920
Reorg„ 1 s t lien, 6 s .................1908
IÏÔ"
B. N. x . & E .—1st, 7 s ...........1916 130*4
N. Y. L. E. & W.—Col. tr .,68.1922 101 lv 5
Funded coup., 5 s.................... 1969 67*4
Buff. & 8 . W .—Mortg. 6 s ....1 9 0 8 100
Jefferson—1 st, gu. g. 5 s ___1909 100
Goal & RR.—6s ...................... 1922
Dock * Im p t.,ls t 6 s, c u r’cy.1913
Eureka Springs—1 st, g., 6 s . . . 1933
Evans. * T .H .—1st,cons., 6 s .. 1921 103
1st, general, g., 5 s .................1942
Mt. Vernon 1 st 6 s ............ ..1 9 2 3
E.&T.H.r-3ul.Co.Br. 1st,g.,5s. 1930
Ev.&Rlch,—lstg e n .5 s ,g .g u .l9 3 1
Evans. <k In d ia n .—1 st, c o n s ..1926
548
THE CHRONICLE.
liiu c s t io e iit
AND
[Vol. L1X,
R oads.
G r.T runk (Con.)
Ohio. & Gr. Tr.
2,758,037“
D etG r.H .& M .
78 6 ,5 2 0
Gr. P . Wal. & Br.
11,454
G reat N orth’n Bt. I .M . <fcM. A u g u st__ 1,086,101 959,280 6,353,218
7,975,307
The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con
E ast, of M inn A u g u st__
139,318 107,699
648,639
713,593.
M ontana Cent A u g u st__
137,930
89,253
988,609
tain s extended tables o f the Stocks and Bonds of Railroads,
756,895
T ot. system . A u g u s t.... 1,363.349 1,156,232 7,980,466
9,445,795
G ulf A Chioago. A u g u s t....
3,508
and other Companies, with remarks and statistics concerning H
3,616 , 26,874
25,962:
a r ts v ille ....... . J u n e .........
308
419
3,915
5,860*
the income, financial status, etc., of each Company. I t is Hoos.Tun.AW il. A u g u s t...
3,784
3,849
Hous.
E.&W.Tex
A
u
g
u
st__
32,500
29,100
published on the last Saturday o f every other month —viz., H um est’nAShen
A u g u st__
10 , 0 0 0
12,008
74,800
83,442January, March, May, July, September and November, and is Illinois C entral. A u g u s t.... 1,477,757 1,908,856 11,207,200 13,599,422.
Ind.D eo. A West. 3d w k Auj=
10.757
9
,7
l6
238,968
287,914
furnished without extrU charge to all regular subscribers of In .A G t. N orth’n 3d w k Sep
90,560
89,065 2,101,890 2,726,995Jlnteroe. (Mex.) Wk Sep. 8
41,100
the C h r o n i c l e .
41.955 1,639,054 1,478,441
Iow a C en tral. . 3d w k Sep.
31,912
48,139
I he General Quotations of Stocks and Bonds, occupying six Iro n R a ilw a y ... A u g u st__
3.792
1,630
26.364
26,036‘.
ck . T. A K. W A ugust__
35,428
32,546
545,901
pages of the C h r o n i c l e , are published on the th ir d S atu r Ja
557,019'
KanawhaAM icb 3d w k Sep.
7.425
6,478
261,529
248,610*
Kan.C. Cl. A S p. 2d w k Sep.
d a y of each month.
6,728
4,605
203,300
179,955K.C.F.S.AM em 2d w k Sep.
68,216
81.327 2,602,969 2,958,799*
K.C.M em .& Bir 2d w k Sep.
17,333
17Í317
688,364
731.941
K. C. P itts. A G. 2d w k Sep.
8.194
4,214
244,340
102,516;
Kan.C. Sub.Belt 2d w k Sep.
RAILROAD EARNINGS.
6,717
4,973
187,388
173,052
Kan.C. N W ___ A u g u st__
20,279
24,889
195,216
205,699
K an.C .A B eat. A u g u st__
1,093
1,054
7,763
8 ,9 6 2
L atest E a rn in g s Reported, jl J a n . 1 to L a test Date. K eokuk A W est. 2d wk Sep.
7,661
9,669
256.818
268,165B oads.
L . E rie All. A So. A u g u s t..
7,594
6,471
46,413
52.075
Week or Mo 1894.
1894.
1893.
1893.
L. E rie A W est.. 3d w k Sep.
77.676
68.998 2,36.»,746 2,607,288:
L ehigh A H u d .. A u g u s t....
35.392
51,870
249,843
366,339
$
$
Long
Isla
n
d
___
M
ay...........
375,510
389,213
1,363,637 1,415,973
A d iro n d a c k ..... J u ly .
13.578
94,407
14,583
101,008 Louis.AM o.Riv. J u n e .........
27,235
38.188
151,888
203,788
A la. M id la n d ... Ju n e
49|241
270,464
47.360
238,086 Louis.Ev.A St.L. 3d w k Sep.
30,759
30,676 1,005,763 1,240,439
A lleg h en y V al. A u g u st__
204,514 187,601 1,354,967 1,713,791 Louisv. A N ashv. 3d
w k SeD.i 3 a l,3 3 5 340.830 13.492,946 14,929,127
A rk . M id lan d ... Ju lv
5,651
4,499
44,353
42,783 Louis.N.A.ACh. 3d w k Sep.
66.47
80,454
1,991,610 2,497,853Atoll.T.& 8. F e . 2d w k Sep
571,708 733,187
Lou. St. L, A Tex 3d w k Sep.
8,449
8.955
300,318
409,542
8 t. L. & San F 2d w k Sep, 129,402 147,922
Louisv.
S
o
u
th
..
4thw
kA
ug
22,090
21,211
398,627
450,599
A tlan tic& P ac 2d w k Sep
60,949
48,958
M acon A Birin.. A ugust__
4,649
4,838
47,952
43,927
Col. M idland.. 2d w k Sep
26,712
30.308
anches. A Aug. J u n e .........
981
898
5,630
7,617
Agg. t o t a l ... 2d w k Sep, 788,771 960,375 25,599.665 32,823,539 M
M anistique___ A u g u st__
9,703
232
51.319
70,470*
A tla n ta ^ Char, a J u n e _____
46,902
53.309
320,884
375,101 MemphisAChas 2d w k Sep.
24,656
16,539
854,676
954,370A tla n ta & W. P J u ly ...........
31,558
29,710
258,342
234,518 IM exican Cent. 3d w k Sep. 140,874
119.442 6,018,024 5,614,104A tlan. & D an v .. 2d w k Sep.
9,055
7,203
M exican I n te r ’!. J u n e ....... .
182.838 1,062,363 1,069,282
A u stin & N’w est J u l y . . . . . . .
17,092
15,474
133,950
139,038 tM ex. N ational. 3d w k Sep. 179,245
76,401
76,173 3,000,483 3,063,155
B .& O .EastLines A u g u st___ 1,686,244 1,656,030 10,677,682 12,599,648 Mex.
N orthern J u l y . . . . . : .
371,111
54,118
W estern Lines A u g u st___ 452,117 570,967 2.906,076 4,159,130 IM exican
R ’way W kSep. 15
61,074
60,119 2,240,033 2,212,363;
T o t a l . . . . . . . . A u g u st .. 2,138,361 2,226,997 13,583,758 16,758,778 M exican So_
_ * 1 st w k Sep
7,860
6,680
208,379
145,199»
BaL&O.Sou’w.d 3d w k Sep. 135,145 133,639 4,405,396 4.851,573 M inneap.ASt.L.
u g u st__
161,120 130,818 1,056,765 1.130,551
B a th & H a m ’nds J u ly ...........
2,198
2.373
11,632
12,756 M o.K an.A Tex.. A
3d w k Sep
248,684 203,928 6,411,116 6,692,640
B ir.& A tlan tic.. A u g u st__
1,811
L 474
14.224
20,709 M o.Pac.AIronM 3d
w k Sep 421.000 448,000 15,364,987 17,701,724
B rooklyn E le v .. Wk Sep .22
27,841
29,724 1,252,071 [ 1,352,544 Mobile A B irm .
6,642
5,904
176,992
193,357
Buff.Roch.& Piti 3d w k Sep.
65,362
67,895 1,843,779 2,487,671 Mobile A O hio.. 2d w k Sep, 233,596
A
u
g
u st__
207,134 2,034,462 2,124.814
B ur.O .Rap. ¿ K A u g u st__
319.955 310,005 2,306,130 2,469,636 M ont. A Mex. Gil
u g u s t.... 100.000
65,998
748,471
673,758;
Cam den & A tl.. J u ly
139,614 149,661
484,147
465,487 N ash.C h.A St.L. A
392,652 350,932 2,994,865 3,219,978
CanadianPaciflc 3d w k Sep. 410.000 429.000 12,442,378 14,476,890 N evada C entral A u g u st__
u g u st__
2 .1Í2
16,533
2,330
28,626.
Oar.Cum.G&Ch. J u n e ..
5,028
3,568
28,315
22,788 NewOrLASo’n .. A
4thw
k
Aug
1,990
2,471
60,833
78.862
C a r.M id la n d .... A u g u s t...
4,557
34,450
35.235 N.Y.C.AH.R__
3,937
u g u s t...“ 3.894,468 4,063,912 26,690,913 30,660,957
C e n tral of N. J .. A u g u s t... I ,
155,847
1.281,944
8,032,096 9.700,280 N. Y. L. E . A W A
A
u
g
u
st...
2,274,224
15,673,504
19,526,552;
2,523,535
C entralP aoiflo.. J u ly ..
840,260 1,249,578 6,862,065 8,001,349 N. Y .Pa.A O hio..
t...
569,445 614,097 3.582,366 4,802,330
C e n tral of 8. C. . J u n e .......
5,65“
7,649
54,954 N. Y. O ut. A W .. A u g uk sSep.
47,438
74,956
73,930 2,709,316 2,815,277
Ohar.Cin.&Chic. A u g u s t...
11,847
10,162
103,793
98,829 N.Y.Susq. A W .. 3d lw
y .........J 144,895 164,407
947,950
997,043.
C h a rlest’n&Sav J u n e . . . . .
49.049
57,119
361,766
382,557 N o rf.A S o u th ’n. JAuugust_
_
294,534
298,424.
28,107
29,553
C har.Sum .& No. A u g u st__
8.400
7.500
96,043
100,289 N orfolk A W est. 3d wk Sep.
C h at’q u a L ak e.. Ju ly
4,463
6,030
23,876
32,896 N’th e a s t’n (S.C.) J u n e ......... 192,753 170,897 7.175,084 7.186,431
37,384
331,703
376,747
43,872
C heraw .& D arl. Ju ly
4,733
4,276
45,323
52,525
Ghes.& O h io .... 3d w k Sep. 177,433 203,703 6,429,246 7,306,998 .N o rth ’n C entral. A u g u st___ 596,724 565,638 3,793,788 4,626,353Ghes. O. & So.W. J u l y . . . . . ; . 165,359 180,916 1,123,271 1,342,521 N orth’n Pacific. 3d wk Sep. 493,121 434,718 9,941,697 14,088,065
17,642
9,943
2,053
2,626
Chic. B ur.& N o. J u l y . . . ___ 102,846 174,873
901.563 1,352,138 Oconee A W est. J u ly ...........
463,241
19.997
19,876
557,198Chic. B ur. & Q.. A u g u s t.. . . 2,934,143 3,076,396 20,550,878 25,001,779 Ohio R iv er......... 2d w k Sep
14,782
10,135
C hic.& E ast. 111. 3d w k Sep.
74,070 119,570 2,282,391 3,213,229 Ohio S o u th e rn .. 3d w k Sep,
326,889'
21,548
39,104
227.269
Chicago & E rie . J u ly ........... 158,533 268,960 1,234,123 1,717,170 O m aha A St. L.'. J u ly ...........
Ohio. Gt. W est’n 3d w k Sep.
86,516 120,721 2,534,677 3.159,505 Oregon Im p. Co. J u ly ........... 376,960 357,653 2,182,819 2,174,064,
P
en
n
sy
lv
a
n
ia
...
44,909,441
A
ugust_
_
5,739,055
36,746,557
5,471,977
G hio.M il.& St.Pt 3d w k Sep. 614.289 708,639 19,905,431 23,206.744
652.581
19.030
18,501
598.269
Chlo.&N’th w ’nj A u g u s t... 2,750,55“ 2,602,676 18,925,541 21,345,018 PeoriaDeo.AEv 3d w k Sep.
P etersb u rg ........ J u ly ...........
337,412:
318,823
44,236
43,504
Chlo.Peo.&S.L... 2d wk Sep
20,641
14,650
616,443
728,445 P
hila. A E r ie ... J u ly ........... 374.513 454,193 2,072,456 3,004,232
C hio.R ’k l . & P . . A u g u st.. 1,546,766 1.802,712 10,598,009 12,339,380
P
hila.
A
R
ead’g.
A
ugust___
12,872,233
14,838,581
1,783,666 1,896,267
Ohic.St.P.M.&O, A u g u st..
612,503 561,803 4,562,647 4,084,277
Coal A ir. C o... A ugust___ 1.589,386 1,701,185 13,455,099 14,704,593O lio, dc W.Mioh. 3d w k Sep,
33,837
41,095 1,116,314 1,343,902
TotalbothC os. A ugust___ 3,373,052 3,597,452 26,327,332 29,543,17*4.
Oin. Ga. <feP o rts. A u gust
6,358
7,033
43,915
45,157 P itts.
M ar.A C h. A ugust__
25,125
Cm.& K en t. Sou J u ly
2,856
21,037
2,459
834
782
5,801
I 7,897
314,252:
58,283
60,715
268,067
O n . Ja c k & Mac. 3d w k Sep,
11,595
13,653
452,333
490,249 Pitt.Shen.A L.E , A u g u st__
838,951
986,379»
W n.N . O. & T. P. A u g u s t..
292.000 311,688 2.198.000 2,650,889 P ittsb . A W est- A u g u s t-... 143,809 116,661
555,164
P itts. Cl. AToi. A u g u st__
71,193
414,378
64.258
A la. Gt. South. A u g u s t.. .
119.000 121,726
872.000 1,130,715
P itts . P a. A JB’. A ugust__
2 1 7 ,2 7 3
194,072
38.937
24,561
N. Orl. <fe N. E. A u g u s t...
83.000
79.000
703.000
868,726
T otal system .. 3d wk Sep,
59,971
58,215 1,626,268 1,944,751
A la. & Vioksb. A u g u st . .
43.000
35.000
313.000
338,846
695,864
979,576»
133,200
Vicks. Sh; <&P. A u g u s t...
95.258
41.000
38.000
315.000
321,552 P itt. Y oung. AA A u g u s t...
181,000
174,357
16,137
16,106
E rlan g erS y st. A u g u s t...
578.000 585,414 4.401.000 5,310,728 P t.R oval& A ug. A u g u s t...
158,635
Pt.Roy.&W
.Car.
J
u
n
e
.......
174,414
25,726
17,305
C in. P o rts. & V.. A u g u s t...
24,724
25,995
178,822
162,308
179,679'
149,584
24,545
20,948
Col. & M aysv. A u g u s t...
1,278
1,595
7,150
9,747 QuincyO.& K.C. A u g u s t...
476,926»
417,417
53,576
54,454
Glev.Akron&Co. 3d w k Sep.
35,248
621,041
17,638
716,833 R ich.F r’ksb.& P. J u l y . . ___
2 1 3 ,6 9 0
197,491
Rich. & P etersb. J u l y .........
29,493
28,393
Clev. Can. & So. 2d w k A ug
17,020
16,512
3 6 7 ,4 9 5
8,551
6,894
256,888
CL Cin.Oh.&S.L. 2d w k Sep 277,532 290,590 8,602,956 9.657,286 Rio Gr. South’n . 3d w k Sep.
61,650
44,900 1,436,007 1,600,828Feo. & E a s t’n. A u g u st...; 171.784 159,265 1,012,564 1,116,16* Rio G r.W est’n .. 3d w k Sep.
8 5 ,0 1 5
Col. Newb. & L. J u n e . . . . . .
11,635
77,897
12.238
4,461
3,771
42,224
33,611 Sag.Tuscola& H. A u g u st__
55.581
CoL H . V. & Tol. A u g u s t.... 340,536 216,361 1,661,268 2,170,126 Sag.Val. & St. L. J u l y ..........
7.249
8.452
49,245
1,096,707
St,
L.
A.
&
T.
H.
2d
w
k
Sep
30,750
30,530
897,916
Ool.Sand’y & H 2d wk Sep,
24,556
24,271
17,867"
2,082
Colusa & L a k e .. A u g u s t...
1,951
17,298
5,000
4,200
13,467
’íéÍ755 8t.L .K en’et&8o. A ugust.
t o r s t a l ......... J u ly .......
96,400
81,400 2,839,091 3 ,3 0 4 ,7 2 0
888
1,010
5,924
9,251 St.L.Southw ’m 3d w k Sep
Gomb’ld Valley J u l y . . . . . .
145.110 134,389
895,806 1 ,113,6 8 0
66,013
75,573
417,813
502,647 S t.P au l& D u l’tb A u g u st__
972,857
114.111 119,601
C u rre n t R iv e r.. 2d w k Sep.
795,463
2,369
1,783
85,909
82,165 S an Ant. <s A. P J u l y . . . . . : .
557.438
B en v . & Rio Gr 3d w k Sep. 151.000 140,400 4,553,830 5,631,826 S .F ran.& N .P ac. 1 st w k Sep
16,897
14,881
549,271
3
2 8 ,6 3 0
B e t.L an s’g&No. 3d w k sep.
Sav.
Am.
&Mon.
A
u
g
u
st__
32,249
272,694
30,828
24,321
23,377
761,956
859,124
DoiuthS.S.& Ati. 2d w k Sep.
38,711
41,514 1,179,691 1,556,834 Sav.Fia. & West. J u n e ......... 228,599 266,482 1,589,912 1,627,191
179,48L
» n i n t h * Winn.. M a y . : . . . ..
2d
w
k
Sep
6,313
4,216
177,234
8,773
25,345
50,486
106,510 8her.Shrev.& So
E lgin. Jcl.& E ast A u g u s t....
8,000
3 9 ,1 9 5
8,220
25,065
96.402
71.167
652,840
597,085 S ilverton............ A u g u s t....
E u re k a Springs. J u l v : . . . . . .
5,407
6,607
39,060
48,515 So. Pacific Co.—
E v a n s A ln d ’plis 2d w k Sep.
G al.H ar.& S.A J u ly .
301,320 314,809 2,191,598 2,4 8 4 ,5 1 0
6,432
6,876
194,198
257,377
E v an s. & R ich . . 2d w k Sep.
83,936
64,350
649,2 8 3
515,844
L ouis’a W e s t.. J u ly .
2,134
2,334
E v an sv . & Tj H. 2d w k Sep.
381,923 385,030 3,016,123 2,979,809
M organ’sL&T. J u ly .
25,178
27,511
766,720
906,511
F ito h b u ig ...........J u l y . .......... 588,535 644,711 3,764,463 4,308,841
132,736
19,178
N.Y.T. & M ex. J u ly .
16,276
122,355
F lin t A P.M arq. 3d wk Sep.
104,332 147,618
T ex.& N . O rl.. J u ly .
839,127 1,080,8 5 9
50,410
49,103 1,734,217 2,058,671
F lo re n c e ............. Ju n e .......
878,225 957,246 6,744,493 7,392,168
A tlan tic sys.5. J u ly .
I I , 441
9,911
88,053
80,175
Fid.Cut.<tePenii: A u g u s t.... 140,160
1,857,965 3,047,199 16,684,520 19,773,335
Pacific system J u ly .
91,801 1,616,570 1,068,315
F t W. & Rio G r A u g u st__
T o ta l of a ll.. J u ly .
2,736,190 4,004,445 23,429,013 27,165,503
18,676
18.168
152,015
230,732
G ads. & A tt. U .. A u g u st__
So. P ac. of Cal J u ly .
507,039 968,328 5,028,379 6,073,109
602
786
4,401
6,793
G eo rg ia R R ....... 3d wk Sep.
So.Pac.of A riz J u ly .,
118,130 148,689 1,117,110 1,206,827
26,068
25,029
863,305
910,720
S a . C ar’la & No. J u l y .
66,842
So.Pac.ofN.M . J u ly ..
568,384
54,735
39,175
510,501
31,362
373,707
273,936
G eo. So. & F l a ... A u g u s t....
16,830
19,231
70.403
114,921
146 ,5 :0
52,667
568,432
532,199 S outh B o u n d ... J u n e .
Q eorget’n & W’n J u n e .........
81,195
679,049
68,000
2,626
587,639
3,976
18,394
23,417 S outh Car. & Ga. J u n e .
G r. R ap. & I n d .. 3d w k Sep.
596
603
56,181
13,431
6,212
42,121 1,345,484 1,637,296 South& Nor.Car. J u n e .
Cin. R.& F t. W. i3d w k Sep.
8,156
55,175
9,251j
64,501
9,448
7,052
279,518
325,898 S n ar.U n . & Col. Ju n e
T rav erse C ity .¡3d wk Sep.
717
725,976
750,092
131,508 122,701
595
34,386
42,285 S ta te n Isl. R. T. A u g u s t...
M us. G. R. & I. ¡3d w k Sep.
828,699
2,171
86,092
67,681
2,291
593,236:
75,850
104,378 Sum m it B ranch. A u g u st—
T o ta l all lines. 3d w k Sep.
47.22-1
69,792
L ykens Valley A u g u st__
55,540
709,08 5
52,059 1.750,389 2.109,856
523,438
G raaid T ru n k __ jVVkScp. 22 404,948 437,079,1 2,717,795 14,198,149
123,221 155,884* 1,116,674 1,537,784
T ot’I both Co’s ’A u g u st—
^ a x lrü a d %ntdlxQmct.
September 29,1894.]
THE CHRONICLE.
L atest E a rnings Reported.
ROADS.
WeekorMo
1894.
1893.
Ja n . 1 to L a test Dale
1894.
549
2d week o f September.
1893.
Southern R y Rich. &Dan.
Char. C. <fcA.
Col.«fcGr’nv. 3d w k Sep
349,919 329,116 12,183,625,12,806,909
E.T.Va. «&G.
Louisv. So,.
Georgia Paq^
BtonyCl.&CMt.. J u l y . . . —
9,385
11,062
22,278
25,922
Texas <fe Pacific. 3d wk Sep. 129.567 126,868 4,265,813
4,578,461
3,647
jex.8. Val«fcN.W A ugust.
4,244
26,854
35,111
Tol.A.A.&No.M. 3d w k Sep.
23,397
18,483
747,390
741,856
Iol.<&Ohio Cent. 3d wk Sep.
51,094
44,947 1,216,181 1,409,524
21,164
Tol.P. <fe W est.. 2d wk Sep.
22,991
602,821
665,097
Iol.8t.L,<feK.C. 3d w k Sep.
37,438
37.299 1,081,649 1,297,549
Ulster <feD e l.... J u l y . . . . . . .
49,208
54,613
224,104
235,061
Onion Pacific—
' Un. Pao. R R .. J u ly ........... 1,098,125 1,338,113 7,663,835 9,844,103
Or.S.L. «feU.N J u ly ........... 328,446 480,140 2,679,353
3,679,657
SfcJos.&Gd.Is. J u l y ..........
55,790
68,956
466,346
576,945
Kan.C.«feOm. J u ly ...........
7,138
11,805
65,794
102,066
Tot. Jt.J.«feG.I. 2d w k Sep.
15,248
20,880
627,996
814,350
Cent.Br.......... J u ly - .........
30,261
30,314
241,419
277,949
Ach.Col.<feP.) J u l y . ........
25,745
30,001
Ach. J.C.& W 5
218,217
311,661
Montana U n .. Ju ly
11,642
63,082
197,974
480,258
Man. Al. & Bur. Ju ly
2,752
2,999
23,787
23,970
Gr’d total. *c Ju ly
1,725,337 1,158,627 12,701,700 16,739,624
Or.Ry.&N.Co J u n e . . . . . .
97,677 337,961 1,228,091 1,855,510
O.Pae.D.&G-. J u l y .........
184,103 271,601 1,491,577 2,261,625
Ft W’th&D.C. J u n e _____
74,044 120,174
513,654
760,866
W ab ash ......... 3d w k Sep
249,807 309,177 8,072,945 9,826,158
Waco&Northw..J u n e ____
15,188
13,644
82,415
95,625
West Jersey— . 'J.................
u ly
188,514 201,475
862,883
974,401
W.V.Cen.& P itts; A u g u st...
102,979
84,276
618,767
786,639
WestVa.&Pitts. Ju n e ----30,345
42,556
178,026
193,815
Western of Ala..'"J u l y . . . . . . .
33,974
33,157
277,796
262,148
West. Maryland. A u g u st__
146,901 130,483
810,240
799,081
West. N. Y. & Pa. 2d w k Sep.
72,60<
68.300 2,105,443 2,533,936
Wheel. & L. E rie.____
3d w k Sep,
29,912
30,493
847,382 1,097,642
Wil.Chad.&Con. Ju n e
2,131
2,151
11,485
11,844
Wil. Col. <fe Aug Ju n e
38.640
44,543
239,421
336,415
Wrightsv.&Ten.ljuly.
7,960
5,1941
44,103
42,410
t Includes M ilwaukee <fe N o rth ern fo r a ll periods
* Figures given do n o t Include O regon Ry. & Nav., Un. P a c D enver <&
Gulf and L eavenw orth Topeka <fe S outhw estern.
D enver <&
« Figures cover only t h a t p a r t of m ileage lo cated in S outh C a ro lin a
6 Includes earnings from ferries, etc., not given se p a ra te ly t M exfoan currenov. c In clu d es o nly h alf of 'tn es in which U nion p io ifio h£s
»half interest.
d In clu d es Ohio & Mississippi in b o th y ears
% In
Jute, July and A ugust Mil. L ake Shore & W est, included f o r i 894 w
tot for 1893,- fo r previous- m onths th is ro a d i f i S d e d K
Chicago & G rand T ru n k .
C u rren t R iv e r .......... .
Det. Gr. H av en <fc Milw."
D uluth So. Shore & A tl .
Evansv. <fc Indianapolis..
Evansv. <fc T erre H au te..
F lin t <fe P ere M arquette.
K ansas City Clin. & S p r..
Kan. C ity.F t. S. <fe M em ..
Kan. C. Mem. & B irm __
Kan. C ity P ittsb . <fe Gulf.
Kan. C ity Sub. B elt . . . . .
Keokuk <fc W estern .........
Memphis & C h arlesto n ..
M exican R a ilw a y ... . . . . .
Mobile & B irm in g h am ...
St. L ouis A lt. <fe T. H aute.
S herm an Shreve. & S o ...
Toledo P eo ria <fc West’n ..
W estern N. Y. & P e n n ...
Net decrease (3-74 p. c.).
1894
1893.
$
$
6,882,057 7,101,428
54,199
122,877
2,369
1.783
25.244
25,774
38,711
41,514
6.432
6,876
25,178
27,511
45,695
47,569
6,728
4,605
6 4,216
81.327
17.333
17,317
8,194
4,214
6,717
4.973
7,661
9,669
21,656
16.539
61,074
60,119
6.642
5,904
30,750
30,530
6,313
4,216
21,164
22,991
72,600
63,300
7,417,933 7,706,036
........j
........
Increase.
$
241,461
586
.............
2,123
lf
3,980
1,744
8,117
955
738
22»
2,097
4,300
266,337
.............
Decrease.
460,832:
63,678‘‘ “ 530
2,803:
444
2,33 3
1,874.
13,i l l
2.008
1,827
554,440'
2 8 8 ,1 0 3
The following will furnish a comparison of thé weekly
results for a series of weeks past.
WEEKLY GROSS EARNINGS.
Period a n d num ber o f
1893.
roads included.
$
Aug.—1 st w eek (83 r ’ds). 6,523,140
2d w eek (63 r ’ds). 6.610,108
3d w eek (3 2 r ’ds). 7,080,587
4 th w eek (80 r d s ) . 10,573,474
Sept.—1 st week (71 r ’ds). 6,957,830
“
2d w eek (77 r ’ds). 7.417,933
“
3d w eek (1 8 r ’ds). 5,869,200
1892.
$
6,650,563
6,617,763
6,332,311
9,914,743
7 ; >18,099
7,706,036
.
, .
5,929,410
■Ohanges.A m ount.
jg
P . ct.
127,42 2 Deo. 1-91
7,660 Deo. 0-11
247,776 Inc.
3-62
658,731 Inc.
6-64
60,2 L9 Dec. 0288,103 Deo, 3 '7 4 .
■ ________
60,23
L Dec. 1-
For corresponding weeks last yzar losses were as follows,
the roads, however, not being quite the same as those included
in the present year’s comparisons :
■Loss L A S T T E A R m
A ugust.
September.
October.
Dollars. . P. GL
Dollars. . P. GL
Dollars.
P . GL.
1 st w e e k ....
983,054 12-31
1,118,606 14-38
5 1 7 ,8 5 1
6-51
2d w e e k ....
1,131.610 14-80
90 J,295 11-40
4 0 2 .6 1 6
4-94
3d w e e k ....
1,130,117 15-95
843,546 10-37
*16.69 7
0 58*4 th w e e k . . .
1,926,115 17-03
1,151,432 10-69
3 7 6 ,1 9 3
3-38
; In crease.
latest Gross Earnings by Weeks.—The latest weekly earn-
Net Earnings Monthly to Latest Dates.—The table fol
iags in the foregoing are separately summed up as follows:
lowing shows the net earnings reported this week. A fu ll
Our preliminary statement of earnings for the third week detailed statement, including all roads from which monthly
of September covers 48 roads and shows a loss of 1-02 per returns can be obtained, is given once a month in these
cent.
I v 'columns, and the latest statement of this kind will be found
in the Chronicle of September 22. The next will appear in*
the issue of October 20, 1894.
id week ç f September.
1894
1893.
Increase.
$
135,141
27,84:
65,36V
410,00C
177.433
74,070
86,516
644,289
33,837
11,595
15,248
151,000
24,321
50,410
26.068
36,181
8,156
717
2,171
404,948
90,560
31,912
7,425
77,676
30,759
391,335
66,478
8.449
140,874
76.401
248,684
421,000
74,956
192,753
493,121
14,782
19,030
59,971
8,551
61,650
96,400
$
133,631
29,72«
67,89?
429,00C
203.703
119,571
120,721
708,636
41.093
13,653
17,633
140,40(
23,377
49,103
25.029
42,121
7,052
595
2.291
437,079
89,065
48,139
6,478
68,996
30.676
340,830
80,454
8,955
119,442
76,173
203,928
448,000
73,930
170,897
434.718
10,135
18,501
58,215
6,894
44,900
81,400
Ì.Ò26
21,856
58,403
4,647
529
1,756
1,657
16,750
15*000
349,919
329,116
20,803
129,567
23,397
51,094
37,438
249.807
29,912
126,868
18,483
44,947
37,299
309.177
30,493
2,699
4,914
6,147
139
,869,209
5,929,440
301,067
I Balt. & Ohio Southw est.
I Brooklyn E lev ated ._____
Buffalo Roch. <fe P ittsb ’g
I Canadian Pacific..............
[ Chesapeake <fe Ohio.........
I Chicago & E ast. Illinois.
Chicago G reat W estern.
I Chicago Milw. & St. Paul.
I Chic. & West M ichigan...
I Cin. Jackson & M ackinaw
I Cleve. Akron & Colum b.
I Denver <&Rio G ran d e.. . .
I £etroitLans’g & N o rth ’n
I Flint & Pere M arquette. .
I Georgia.................... .
Brand Rapids & In d ian a.
I Cincinnati R. <fe F t. W.
I Traverse City..........
Musk. Gr. Rap. & Lad*!
Grand Trunk of Canada.
Intern’l& G t. N orth’n . . .
Iowa Central.............. .
Kanawha & M ich ig an ....
Lake Erie & W estern .
Louisv. Evansv. & St. L.
Louisville «¿N ashville...
Louisville N. A. <fe Ohio.
Louisville St. L. <feT exas.
Mexican Central. . . . . . . .
Mexican N atio n al.... "*
Mo. Kansas & T e x a s ....’
Mo. Pacific <&Iro n M t
ffiESEPi 0 n t- & West’n .
Norfolk & W e s te rn ,......
Northern P a c ific ...........
Ohio Southern. . . . . . . . . .
Dec. A E vansv.*:
¿lttsburg & W e ste rn .....
Mo Grande S o u th e rn .,..
*io Grande W e s te rn .....
!b" " 0ui8 S outhw estern;.
!«outhern Railway—
Richm’d <fe D anville 1
I Georgia P acific,...
I Char, Col, & A u g ... j
Columbia <!kG reenv. s
EastTenn. Va,«&Ga.
L Lonisy. S o u th ern ...
Texas A P a c ific ...........
Arbor &N.Mich.
& Ohio C e n tra l...
M 8 t.L .& K an , C ity ...
Wheelm¿ &'Lake E rie *S
Total (48 r o a d s ) ........
Netdeorease (1*02 p .c.)..
........j
$
1,50(
...........
...........
___
___
1Ó,60()
941
1,302
1,039
1,104
122
1,495
947
8,678
83
30,505
21,432
22«
44,756
Decrease.
$
1,88#
2,iì33
19,000
26/270
45.500
34,205
64,350
2,058
2,390
5,940
120
32,131
16,227
13,076
506
27,000
59,370
581
361,298
60,231
For the second week of September our final statement covers
F roa^si and shows 3’74 per cent loss in, the aggregate,
-Gross E arnings.1894.
1893.
Net E a rm n g s.—
1894.
1893.
A llegheny V ailey— Aug. 204,514
187,601
83,744
70^976
J a n . 1 to Aug. 3 1 ---- 1,354,967 1,713,791
494,188
593,937“
At. T, & 8. F e ......... b J u ly 1,621,284 2,764,054 def.8,331
861,981.
St. L. & San F r ...b J u l y 440,443
581,548
179,424
238,170A tla n tic «fe P aciflcb Ju ly 205,779
266,646
40,444
27,248
Colorado M id la n d b J u ly 128,445
115,424
5,926
2,262A ggregate to ta l...b J u ly 2,395,951 3,727,672
217,463 1,129,661
Cent, of N. J e rs e y , a . Aug. 1,155,847 1,281,944
412,559
555,519
Ja n . 1 to Aug. 3 1 ___ 8,032,096 9,700,280 2,654,224 3,808,737
Ohesap. «fe O h io ..a .. Aug.
935,389
892,872
331,803
3 20,858
J a u , 1 to Aug. 3 1 . . . . 5,870,332 6,695,888 1,942,994 2,001,839?
J u ly 1 to Aug. 3 1 .... 1,744,841 1,747,986
631,112
6 1 4 ,2 3 »
Chic. B uri. «feQuin.b Aug. 2,934,143 3,076,396 1,331,927 1,126,060
J a n . 1 to Aug. 3 1 ___20,550,878 25,001,779 7,487,521 7,868,565Chic. M. <&8 t. P .a ...A u g . 2,493,078 2,407,843
824,922
639,862
Ja n . 1 to Aug. 3 1 ....1 7 ,9 5 0 ,5 7 9 21,211,562 5,844,055 6,231,923
J u ly 1 to Aug. 3 1 .... 4,272,304 5,001,198 1,203,092 1,376,196
Cin. Jack.ife M ack. b .Aug.
66,235
55,491
19,684
10,084
J a n . 1 to Aug. 3 1 ...;
412,485
4 5 0 ,6 3 8 .
76,400.
7 2 ,6 3 0
J u ly 1 to Aug, 3 1 ___
120,691
109,977
31,766
15,009C lev.A kron«feC ol.b..July
66,131
81,938
24,757
18,24»?
Ja n . 1 to Jttly 3 1 . . . .
494,250
586,078
137*509
145,175- 0
Clev.Cin.C.«fe 8 t.L .a .. Aug. 1,216,078 1,207,142
327,596
310,664:
J a n . 1 to A ug. 3 1 . . . . 8,054,960 9,085,331 1,942,350 2 ,1 3 4 ,7 1 0 '“
J u ly 1 to A ug. 31 ___ 2,137,640 2,412,394
432,315
547,241
P e o ria <&E a s t’n .a . Aug,
171,784 159,265
51.081
25,347’
Ja n . 1 to Aug. 3 1 .; .. 1,012,564 .1,116,164
122,700
109,811
J u ly 1 to Aug, 3 1 ___
299,237
302,595
80,917
45,674.
E u rek a S prings. . ......J u ly
5,407
6,607
3,198
3,425
Ja n . 1 to J u ly 3 1 . . . .
39,060
48,515
21,5 0 »
23,1131
K an.C . Mem. «fe B .a .A u g .
81,838
78,139
6,667
320
Ja n . 1 to Aug. 3 1 . . . .
654,176 698,317
72,866
63,944 '
J u ly 1 to Aug. 3 1 , . . .
154,899 151,034
13,805 def.5,985Louisv. N. A. <&C -a ... Ju ly
220,171 317,001
76,027
110,861
J a n . 1 to Ju ly 3 1 . , . . 1,515,305 1,931,825
441,727
5 9 9 ,4 2 6
N .Y .L.E. «feW est’ne*A ug. 2,274,224 2,523.535 ‘ 787,476 *905,515
J a n . 1 to Aug. 3 1 .... 15,673,504 19,526,552 4,231,538 *6,108,648
Oet; 1 to A u g . 3 1 ....2 2 ,9 7 9 ,2 6 1 27,407,424 6,597,764 *8,842,562
N orfolk <& 8 o u th .......Aug.
28,107
29,553
6,694
9,065
J a n . 1 to Aug. 3 1 . . .
294,534 298,424
87,919
100,690
J u ly I to Aug. 3 1 . . . .
59,576
64,271
14,440
17,502* N o rth ern C e n tra lb .. Aug.
598,721
565,633
235,831
1 6 2 ,0 9 9 ^
Ja n . 1 to Aug. 3 1 .... 3,793,788 4,626,353 1,120,461 X ,3 5 8 ,9 1 ?H p?
P en n . (east P. «fe E.).. Aug. 5,739,055 5,471,977 2,314,418 1,810,103
J a n . 1 to Aug. 3 1 ....3 6 ,7 4 6 ,5 5 7 44*909,441 10,593,952 12,176,075
L ines w est P.«fe E ..A u g ,
l u e . 152,392
l u e . 269,433
Ja n . 1 to Aug. 3 1 . . . .
D ee.5,098,031
D eo.1,482,519
P hila. «feR eading....A ug. 1,783,666 1,896,287
774,603
821,509
Ja n . 1 to Aug. 3 1 ....1 2 ,8 7 2 ,2 3 3 14,838.561 5,437,788 5,5 5 7 ,7 5 9
Dee.. 1 to A u g . 3 1 .... 14,624,744 16,806,913 6,218,015 6,433.603
Coal «fe Iro n C o ....A u g . 1,539,386 1,701,185 def.5,193
100,873
J a n . 1 to Aug. 3 1 .... 13,455,099 14,704,593 def.10,895
256,207
Dee. 1 to Aug. 3 1 ....1 5 ,7 3 1 ,4 0 9 16,103,939
106,553
2 4 1 ,9 5 »
83
02
550
THE CHRONICLE.
<---- Gross E arnings.-----,,
-Net E a rn in g s.----Roads.
1894.
1893.
1894.
Ì893.
•Phiia & R ead .—(Con.)—
$
$
$
$
T o tal both Co’s . . . . Aug. 3,373,052 3.597.452
769.415
92-2,382
J a n . 1 to A.ug 3 1 ....2 6 ,3 2 7 ,3 3 2 29.541,174 5,4 26,893 5,813,966
Dec. 1 to Aug. 3 1 __ 30,359, *53 33,216.887 6,324,573 6,678.556
S o u th e rn K ail w ay t . . Ju ly
678,125
670,245
183,635
80,286
U n.P.D . & Gulf, b ....... Ju ly
184,103
271,601
37.248
15,423
J a n . 1 to J u ly 3 1 .......1,411,577 2,261,625
216,990
388,372
W ab ash ,b ...........¿ ....A u g . 1.227.853 1,213,361
426.593
303,953
N J a n . 1 to Aug. 3 1 __ 7,328,951 8,928,202 1,601,822 1,931,*46
J u ly 1 to Aug. 3 1 ___ 1,991,454 2,394,144
543,529
547,523
W estern M a ry lan d .. Aug.
146.901
130,483
75,039
55,682
J a n . 1 to Aug. 31 ___
810,240
799,081
294.13 *
247,537
_____Oot. 1 to Aug. 3 1 .... 1,070,278 1,085,491
361,935
339,813
a M et earn in g s h ere given a re a f te r d ed u ctin g ta x e s ,
b Met earninsrs h e re given a re b efore d ed u ctin g ta x e s ,
c Met earn in g s h ere given are a fte r d educting ta x e s o n p ro p e rty
* A fte r dedu cting pro p o rtio n due ro ad s o p erated on a p ercen tag e
b asis, n e t in A ug., 1894, w as $569,292, a g a in st $672,868 in 1893; for
e ig h t m onths from Ja n u a ry 1 to Aug. 31, $2,842,763 in 1894, ag ain st
$4,393,0-»0 in 1893, an d fo r eleven m onths from O ctober 1 to Aug. 31,
$4,535,969, ag ain st $6,404,747.
f In clu d es only th e old R ichm ond & D anville system , w ith o u t the
leased roads, 2,112 m iles, in both years.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
-Inter91, rentals, Ac,1894,
1893.
Roads.
$
$
C hie.B u rl.A Q uincy.Aug. 800,000
822,881
J a n . 1 to Aug. 3 1 ..,. 6,400,000 6,583,017
Olev.Cin. Ch.& St. L .. Aug.
233.857
224,204
J u ly 1 to Aug. 31 ---466,325
442,587
P e o n a & E a ste rn .. Aug.
36.802
36,802
J u ly 1 to Aug. 3 1 __
73,604
73.6 *4
K an. C. Mem. & B ir.. Aug.
11,2 28
39,107
Ju ly 1 to Aug. 3 1 ....
22,457
78,214
ST. LOUIS ALTON <fc TERRE
1894.
-J u ly .-
G r o s s . . . . .........................112,115
N e t ....
........... ...
58,313
T ax es an d r e n t a l s ..... 34,234
S u rp lu s r e v e n u e . . . . . . . 24,079
1693.
$
-Bal. o f Net E a rn s.—
189Í.
1893
«
303,179
5 1,927
1,087,521 1,235,518
86,460
d ef.34*010
104.654
14.279 d e f.l 1.455
7,313 def.27.930
def. 4 5 ’ I def 38,787
d ef.8,652 def.84,199
[V ol.
l ix .
CONDENSED GENERAL BALANCE SHEET JUNE 30, 1894.
1892.
1893.
1894,
Assets—
$
$
$
Road an d e q u ip m e n t
....... 153,535,294 156,989,923
157,438,008
Special e q u ip m e n t.... ...... .
5,406,464
5,103,464
4.806,464
New shops. &c.. a t D epew .......
............
509 129
„ 552,465
Stocks a n d b o n d s ....................... 9,394,322
10,099,896
9,832,546
A dvanoes to o th e r lines, real
e sta te . &c ..................
4.538,929
4,579.575
5,527,737
Due by ag en ts, &o..... ............... 5, »28,220
4,137,826
3.931,103
Supplies on h a n d ........................ 3 ,3 3 7,891
2,108,833
2,601,154
C a s h ...........„................................ 1,36 3,609
3,285,028
4,891,204
N Y. & H a r. co n stru ctio n aoofc 1,263,541
1,297,765
1,321,474
W est Snore co n stru ctio n a c c t..
643,433
475,066
221,934
R. W .& Og. equip ,vo . acot . . .
165,084
255,118
345,152
P ark ave im provem ent an d
new bridge o ver H arlem Riv.
.............
553,259
F u n d fo r redem p. of 4p.o.debs.
............
300.000
500.000
T otal a s s e ts ......................... ..184,761,787 189,144,688 192.557.500
Liabilities —
C apital s t o o k .............. ........... 89,428,300
89,428,300
94,273,400
8ubs. fo r increased stock...........
.............
1,127,600
930.200
F unded d e b t.......... . .................... 68,077,333
6 3,0/7,333
67,977,333
S terlin g n o te s..............................
.............
3.224,383
Real e sta te m o rtg a g es..............
342,000
292.000
157.000
S ecurities acq u ired fro m leased
lines ............................................ 2,827,200
2,827,200
2,814,150
P ast-due b o n d s..................
4,790
4,790
4,790
In te re s t and re n ta ls a c c ru e d .. 3,660,211
3,719,015
3,825,338
H .0 3 9
U nclaim ed i n t e r e s t .....................
12,299
♦ 25,804
D ividends due in Ju ly ................ 1,117.854
1,117,854
1,17 m,417
30,650
U nclaim ed D iv id en d s...............
33,821
35,553
Wages, suppLies, & c................... 3,544,994
4.746.282
2,790,784
Due o th er roads, & c .................. 1 ,546,-<19
3,895,905
2,087,836
Rom a W. & O oons'n a c c o u n t..
811,199
214,044
283,820
Cart. <fe Ad. Ry. c o n s .a c c o u n t..
............
86,809
P rofit an d lo ss....... ..................... 13,359,348
13,649*224
12.861,883
T otal lia b ilitie s.................... 184,761,787
189,144,683
192.557.500
Illin o is Central Railroad.
(F or the year ending June 30,1894.)
The annual report of the directors for the year ending June
HAUTE.
-Jan. 1 to J u ly 31.— 30, 1894, is given at length on subsequent pages, with full bal
1894.
ance sneet and exhibits.
1983.
$
126.357
45,257
39,267
5,990
729,196
300,372
$
912,367
342,849
Comparative statistics of the operations and income account
have been c >mpiled for the Chronicle below, all the state
ments including the Iowa lines.
OPERATIONS.
ANNUAL REPORTS.
Mew York Central & Hudson River Railroad.
(For the year ending June 30,189If.)
Full extracts from the annual report of the Directors, with
many valuable tables of statistics, will be found on subse
quent pages of the Chronicle; also comments upon the report
in the editorial columns.
The statistics of traffic, earnings, income, etc., are shown
in the following tables, compiled for the Chronicle :
OPERATIONS.
1890-91.
1891-92.
1892-93.
1893 94.
M iles oper. J u n e 30.
2,096
2,096
2,096
2,396
E quipm ent—
L ooom ottves..............
1,132
1,169
1,197
1,211
P a ss e n g e r eq u ip ’t . ..
1,199
1,307
1,427
1,488
F re ig h t <&o th e r oars 40,588
40,206
40,172
39,302
F lo atin g eq uipm ent.
123
136
138
143
Operations—
P assen g ers c a rrie d . 20,057,234 22,213,637 23,671,383 23,602,243
P assen g er m ile a g e ..597,406,825 687,038.796 745.080.o-4l 742,542,163
R a te per pass. p. m . l-* 6 cts.
1*94 cts.
1-^9 cts.
1-90 cts.
F r ’h t (tons) moved*. 16,621,567 20,721.752 21,312,072 18.72»,592
F r ’h t(to n s) rnll’ge*..2830066046 3830o33593 3 s 3 3 103713 3275998571
Av. r a te, p. to n p. m .. 0-74 cts.
Ô-70 cts.
0-71 cts.
0-74 cts.
* E x clu siv e of com pany’s freight.
1890-91.
1891-92.
1892-93.
1893-94.
Miles o p erated (av.).
2,875
2,883
2,888
2,888
E quipm ent—
L ocom otives..............
547
577
609
610
P assenger c a rs .........
463
487
640
588
F reight c a r s . . . ........
15,406
15,811
16,996
15,993
W ork c a rs ...................
I 57
200
195
204
Operations—
N o.of pa-s. c a rrie d .. 10,108,375 11.912,463 17,661,828 22,897 476
No. of pass.car. 1 m.l83,875,<>7 ♦ 208,836,636 257,744,618 317,711,176
R a te p er pass, p m .. 2 073 cts.
2 T 0 i cts.
1- 99 eta.
1-925 cts.
F re ig h t (tons)m oved 6,948,867
7,519,192
8,180,»53
7,366,637
do
do lm ile . 13 2002213 1411375499 1512542558 1460551031
R a te p e r to n p. m ile. 0-934 cts.
0 9 0 8 cts.
0-845 cts.
u-839 ets.
FISCAL RESULTS.
1890-91.
1891-92.
1892-93.
1893-94.
E arnings—
$
$
$
$
P a sse n g e r.................... 3,812,340
4,388,269
5,151,398
6,116,603
F re ig h t..........................1 2 ,6 0 ,6 0 0 12,809,973 12.7*1,-01 12,253,612
Mail, exp. an d m iso e l. 1,908,615
2,093,518
2 ,lo 2 ;5 * l
2,2^7,249
T o t a l .....................17,881,555 19,291,760
Operating expenses —
M aint, of w a j, * 0. . . .
2,732,828 3,0*1,789
M aiut. of equipm ent.
1,81 2,396 2,035,406
T ransp. a n d m isoci.. 7,355,142 8,024,580
T a x e s................
870,680
i»2s.245
20,0»5<l90 20,657,464
2,69e»,950
2,112,977
8,4«6,LLl
1,02 4,396
T o ta l.............. .....1 3 ,7 6 1 ,0 4 6 14,07<\o20 14,233,934
N et e a r n i n g s ...,.. . . . 5,120,509 5,221,740
5,811,256
2,462,193
2,443,656
8,388,802
1,074,759
14,369,415
6,288,048
INCOME ACCOUNT.
1890-91.
1891-92.
1892-93.
1893-94.
Receipts—
$
$
8
$
1890-91.
1891-92.
1892-93.
1893-94.
N
et
e
a
r
n
in
g
s
..............
5,12
,500
5,221.740
5,811,256
6
288,018
E a rn in g s—
$
$
$
$
N
et
from
i
.t„
&o.......
1,163,109
913,733
1,259.586
1
,
865,325
F re ig h t. .............................21,456,473 26,866.944 27,372,071 24,104,509 M iscellaneous............
34,905
6 l,u 3 8
66,906
41,120
P a ss e n g e rs-..............................................11,681,109 13,305,683 1 4 , 047,572 1 4 ,151,2-0
R e n t s - ............................... 1 , 680,996 1,889,827 2,054,355 1 . 76 7,8 11
T
o
ta
l
.
.
.................
6,318,513
6,196,511
7,137,748
8,194,493
M ail a n d e x p r e s s .... . . .
2,218,903 2,456,284 2 ,5 4 2 ,2 o l 2,826,859
T e le g ra p h . . . . . . . . . . . . . . . .
11,244
14,284
15,324
1 1 ,7 . 4
1,459,925
2,077,425 2,665,265
I n te r e s t.---- : . .......
559,577
636,837
599,7*6
680,642 I n t o n i l i , .b o n d s .. 1,462.425
1,196,815
1,217,»40 1,217,840
M is c e lla n e o u s....... ..........
293,812
308,769
305,422
132,395 I u t. 0 uC .8 L& N .U .bds 4,247,010
R e n ta l D. St 8. U .R R ..
829,169
776,413
7 3 /.9 1 4
867,148
2,250,000
2,500,o0 < 2,5u0,000
Total e a r n i n g s .......37,902,114 45,478.825 46 , 936,694 4 3 ,6 /8 ,2 0 0 Divid.ou ill.C .sto c k .. 2,250,Q00
D iv.on leased lines st. 400, 00O
403,0 0
4u0, 00
400,o00
Ex enses —
13.<,027
98,921
80,910
80,965
Traffic ............................... 10,365,62813,275,619 13,189,330 12,415,542 M iscellan eo u s............
M otive p o w er .................. 6,743,992 8 , 333,002 8,4-7,222 7,950,544
T otal..................... . 6,318,633
6,182,104
7,009,039
7,731,218
M aintenance of c a r s ....... 1,954,185 2,448,448 3,040,990 2 , 542 , ¿17
M ain ten an ce of w ay....... 3,722.522 4 ,l8 9 ,o u 7 4,639,701 3,945,354 B alance ................... ,
def.118 sur.14,407 sur.128,659 sur.463,275
G e n e r a l...,.............. ..............
9 9 8 4 2 3 1 ,4 6 8 ,0 4 7 1 ,2 7 4 .4 9 0 1 ,1 2 7 ,3 2 6
DUBUQUE & SIO U X CITY RAILROAD.
T a x e s ................................. l,6 8 6 ,lo 2 1,424,991 1,660,144 1,527,424
1890-91.
1891-92.
1892-93.
1893-94.
T otal ex p en ses...........25,370,852 31,139,113 32,291,877 29,508,407 M iles o p e r a te d ..........
600
6j0
ouO
600
$
$
ft
$
N et e a rn in g s..................... 12,531,262 14,339,512 14,644,847 14,169,793
G
ross
e
a
rn
in
g
s...........
2,558,221
2,657,327
2,548,768
2,530,740
P e r qt. expenses to earns. 66-94
68-47
68-80
67-57
Op. exp. an d ta x e s ... 1,729,052
1,881,414 1,815,854
1,663,592
EARNING8 AND EXPENSES.
INCOME ACCOUNT,
1890-91.
1891-92.
Receipts—
$
$
N et e a rn in g s.............. 12,531,262 14,339,512
R ebates, e tc ................
88,740
7 7 ,3 o l
1892-93
$
14,644,817
2 2 .4 2 3
1893-94.
$
14,169,793
87,727
T o tal incom e....... 12,620,002 14,416,863 14,872,240
” disbursem ents—
R e n ta ls p a i d ............ 4,152,100
5,303,704
5,391,137
In te re s t un d e b t....... 3 , 854,968
3,987,818
4,179,595
N . Y. H ta te .ta x . .......
274,896
214,359
214,398
D ivid en d s* ................. 4 ,0 2 ^ 2 7 3
4,471,415
4,471, *15
D eb en tu re fu n d .-----300,000
30o,000
»Oo.OOO
M iscellaneous............
72,222
6,245
2 o, 3 i 8
14,257,520
5,745.935
4 ,2 U ,7 1 6
194,383
4 ,58»,826
30c , oOO
*
T o ta l d isb u rsm ’ts 12,978,459 14,283,541 14,583,363 15,043,860
B aian e» . . .................. def. 358,457 sur. 133,322 sur. 288,877 def. 783,340
* I n 1890-91 4*2 p. c.* since th e n 5 p. 0.
N e te a r u in g s .......
O ther in co m e..............
829,169
89l
776,4L I
2,115
732,914
1,640
T o ta l....... ...............
Deduct—
R e n t of Ü. F. & M. RR.
In te re s t on bo n d s___
In te re s t on n o t e s .....
»Inking fu n d ................
Ch, & Dak. an d ü. R. &
Ch. bund i n te r e s t...
Div. o n D . & a. V. R R .
830,060
778,526
734,754
868,702
113,370
471,935
16,000
9,210
113,370
503,»35
.........
9,210
113,370
512,835
......
......
*113,370
512,835
........
........
139,549
79,996
56,951
95,660
.» ..
99,995
199,990
T o t a l ....................
B a la n c e ................
»30,060
......
778,526
......
867,148
1,554
726,200
826,195
su r.8 ,5 5 4 sur.42,507
j *If the Cedar F. & Minn, RR, rent is not received back, the
s loss for the year 1893 94 by reason of the lease will be $141,595.
Septem ber
THE CHRONICLE.
29 1894.1
1
New York Ontario & Western Railway.
The traffic and earnings statistics, etc., have been compiled
for the Chronicle as follows:
OPERATIONS AND FISCAL RESULTS.
1890-91.
477
1891-92.
477
1892-93.
477
1893-94.
477
P a ^ ec a S d 7 N o . - - . 1,008,215
1,060,383
1,057,815
926,657
Pass carried 1 m ile. 36,011,439 37,006,885 40,358,702 36,918,802
Rate per pas. u e r m . 1-822 cts.
1-802 cts.
l-7 9 7 c ts .
1-839 ots.
Freight carr’d (tons). 1,737,059
2,085,769
2,291,430
2,404,358
F re ilh t (tons) 1 m . .194,897,759 263,839,116 294,636,533 328,533,616
Rate per to n p e r m .. 1-033 cts.
0-939 cts.
0-956 cts.
0-912 cts.
EavTiiuos—
$
«p
«p
*p
P a sse n g e r.
656,185
667,018
725,471
679,149
r^eteht
................ 2,013,685
2,456,048
2,819,717
2,997,011
Mail? exp., ren ts, &c.
103,315
106,524
106,391
124,841
M isc e lla n e o u s.......
36,517
35,828
36,595
41,118
2,809,702
3,265,417
3,688,174
3,842,119
C onducting tr a n s p ’n
M otive p o w e r............
M ain ten an ce o f c a r s
M ain ten an ce o f w a y
G e n e ra h e x p e n s e s ...
M iscellan. e x p e n s e s.
T a x e s .........................
669,876
604,021
170,487
39?>,377
100,947
114,935
99,727
762,033
752,190
208,141
380,232
106,921
150,329
101,291
822,881
889,646
252,114
465,164
115,018
152,960
100,442
810,185
832,455
229,857
490,016
114,471
150,896
104,661
T otal.....................
Net earnings.--------Per ot. exp. to earn .
2,155,372
654,330
76-71
2,461,137
804,281
75-37
2,798,225
889,949
75-87
2,732,541
1,109,578
71-12
Receipts—
Net earn in g s............
Interest, & c..............
1890 91.
$
654,330
75,009
1891-92.
$
804,281
86,583
1892-93.
$
889,949
75,692
1893-94.
$
1,109,578
75,090
729,330
890,864
965,641
1,184,668
453,902
5,033
169,956
507,260
528,349
176,585
180,439
569,042
182,186
13,876
T o t a l ............... - —
Operating expenses-
INCOME ACCOUNT.
Total....................
Disbursements—
Interest on b o n d s...
Int. and d isc o u n t...
R e n ta ls .....................
765,104
708,788
419,564
256,853
GENERAL BALANCE SHEET JUNE 30.
1892.
1893.
1894.
«
Assets—
$
$
Franchise an d p ro p e rty ................... 65,915,111 68,218,360 68,757,439
3,073,100
3,073,100
Investm ents in o th er com panies.. 3,072,830
127,042
90,588
101,720
Cash a t b a n k e rs-----173,951
228,531
187,270
Stores, fuel, etc., on h a n d ................
801,214
909,163
828,939
Sundry accounts due com pany—
307,851
206,062
587,016
Traffic accounts d ue co m p an y .......
560,539
634,386
766,447
Loans and bills receiv ab ie..............
13,750
lv-,251
12,250
M iscellaneous...........
280,000
408,101
Cars u nder lease (oar tr u s ts ) .........
Total....................
Balance, su rp lu s—
628,891
100,439
683,845
207,019
Total asse ts................................... 71,114,045 73,510,684 74,722,281
Liabilities—
Common sto c k ...............
58,113,983 58,113,983 58,113,983
6,000
6,000
Preferred sto c k ................................
6,000
First m ortgage 6 p. c. b o n d s....... 1,184,000
5,6ÓÓ‘,Ò"00
5.600.000
Consol, l s tm o r t. 5 p. o. b o n d s ... 5,600,000
7,625,000
6.500.000
Refunding 4 p. c. b o n d s................ 3,850,000
139,475
Interest due a n d accru ed ..............
116,936
118,475
411,112
376,273
Sundry accounts due by com pany.
354,204
58,078
274,300
Traffic accounts d u e by com pany.
240,999
128,176
141,394
Wages for m o n th of J u n e ..........
124,943
415,150
978,438
Loan and bills p a y a b le ...................
355,178
54,914
54,914
Whar. Val. Ry. cons’n fu n d ..........
55,264
147,327
Hancock & P a. RR. cons’u f u n d ..
147,657
147,327
408,101
BaL un d er oar tr u s t agreem ents.
.............
1,199,580
1,614,965
Profit an d loss...................................
964,881
71.114,045
Total liabilities.
73,510,684 74,722,281
Nashville Chattanooga & St. Lonis Railway.
( For the year ending June SO, 1894.)
The remarks of President J. W. Thomas will be found on a
subsequent page.
The statistics for four years, compiled for the Chronicle in
the usual form, are as follows :
OPERATIONS.
1891-92.
1893-94.
1892-93.
810
884
810
Miles operated.........
Equipment—
161
161
161
L o co m o tiv es....___
128
152
151
154
Passenger c a rs .......
105
4,471
3,954
4,393
4,500
Freight”c a rs ............
8
7
8
8
Other c a r s . . . . .........
Operations—
1,218,594
1.163,104
934,065
Passengers c a rrie d ... 1,032,704
Pass, carried 1 mile.. 35,763,844 47,176,243 46,768,916 40,281,531
'2-70 ets.
2-52 ets.
2-*»2 cts.
2-50 ets.
Rate per pass. p. m..
2,380,043
2,851,196
Freight (tons) c a r’d.. 2,466,238
3,614,787
Freight (tons) 1 m .. 253.079,214 3 67,174,439 333,538,356 296,65 r,513
1-08 cts.
1-03 ets.
1-07 cts.
1-05 Ots.
Rate per to n p. mile.
EARNINGS AND EXPENSES.
1891-92.
1893-94.
1892-93.
1890-91.
$
Earnings—
$
$
$
1,199,340
1,211,545
1,027,327
982,399
Passengers.......... .
3,126,725
3,801,904
3,560,163
F reig h t....................... 2,731,230
367,610
3139,838
372,276
Mall, exp., ren ts, &c.
229,675
1890-91.
652
Total gross e a rn s .. 3,943,304
Expenses—
Maint’nance of w ay 1
Matnt’noe of equip. 1 2,323,722
Conduct, tr a n s p ’t’n |
General.................... )
Total e x p en ses....... 2,323,722
Net earn in g s__ ____. 1,619,582
58-93
P.e.op. exp .to e a rn ...
j
5,353,287
5,131,779
4,521,662
712,280
406,515
1,650,153
555,332
643,573
359,576
1,605,2 >4
531,202
462,211
297,060
1,417,980
493,928
3,324,280
2,029,007
62*09
3,139,405
1,992,374
61*17
I
......
551
' ■*
INCOME ACCOUNT.
/F or the year ending June SO, 1894.)
The remarks of Mr. Thomas P. Fowler, President, will be
found on another page.
Miles o p e r a te d : .......
......
1890-91.
$f
1,619,582
37,482
1891-92.
$
2,029,007
31,886
1892-93.
$
1,992,374
170,061
1893-94,
$
1,850,482'
3 3 ,4 3 2
T otal incom e__ 1,657,064
Disbursements—
I n t e r e s t ....... ...........)
914,799
T a x e s............ ..........>
D iv id e n d s ....... ..........
333,428
Im p ro v e m e n ts. . . __
142.617
R e n ta l W.& A tl.R R ..
2,060,893
2,162.435
1,8 8 3 ,9 1 4
f 829,905
1 120,611
500 000
118,111
420,012
891,915
120,416
500,000
51,354
420,012
902,890*
119,681
2 5 0 ,0 0 0
25,537
420,012
Tot. disbursem ’t s .. 1,390,844
B alance, su rp lu s.......
266,220
1,988,639
72,254
JReceipts—
N et earnings
In v estm en ts
1,983,697
1 ,7 1 8 ,1 2 0
178,733
165,794
GENERAL BALANCE SHEET JUNE 30.
1891.
1892.
1893.
1894.
Assets—
$
$
$
$
R oad an d equipm ent.23,174,712 23.950,374 24,734.929 25,082,609
368,562
253,770
M aterials an d suppl’s 358,776
205,526''
895,477
2,040,572
893,572
Stocks a n d b o n d s.......
937,49»
B ills receiv ab le..........
11,067
31,442
36,699
27,630
R eal e s ta te ____ _____
49,129
55,447
56,607
55,447
D ue from agents, &c..
176,252
311,666
314,335
3 9 5 ,4 6 9
Cash on h a n d ..............
541,998
657,640
491,137
461,552
647,919
A dvances to W. & A ..
80,035
429,119
670,774
T o ta l................... .25,287,446 27,845,983 27,427,808 2 ',8 3 6 ,5 0 9
Liabilities—
C apital sto c k ......... .
6,668,612 10,000,000 10,000,000 10,000,009
Bonded d e b t.................. 12,904,000 14,154,' >00 14,783,000 1 4 ,9 2 3 ,0 0 9
B ills p ay ab le ________ 2,164,138
1,546,844
550,617
7 6 3 ,7 1 »
In te re s t..........................
390,416
394,329
398,459
398,749
101,052
143,193
144,557
Dividends......................
19,1 8 9
P ay-rolls, &c. ............
246,828
281,939
206,788
238,588
M iscellaneous...............
60,998
44,439
35,219
31,458
P rofit and lo ss.............. 2,751,401 1,281,237
1,456,804‘
1,309,168
T o ta l.......................25,287,446 27,845,983 27,427,808
GENERAL INVESTM ENT
27,836,500
NEW S.
Atchison Topeka & Santa Fe.—Judge Lacombe, in theUnited States Circuit Court, formally ordered the appoint
ment of Aldace F. Walker as a receiver of the Atchison
Company in place of President Reinhart, who resigned last
summer.
Georgia Southern & Florida.—The Reorganization Com
mittee have completed their plan of reorganization.
It is proposed to form a new corporation upon the
following capitalization: $4,000,000 of 1st mortgage 5 percent
thirty-year gold bonds, 6,840 shares 1st preferred 5 per cent
stock (par value) $684,000, 10,156 shares 2d preferred 5 per
cent stock (par value) $1,015,600, 40,000 shares common stock
(par value) $4,000,000. Of this it is proposed to issue for eachbond which has been deposited with the commit ee $l,000r
1st mortgage 5 per cent bond, $200 in 1st preferred 5 per cent
stock, $180 in 2d preferred 5 per cent stock and $800 in com
mon stock.
The first and second preferred stocks are issued to represent
the over-due coupons and the reduction of the rate of interest
on the new bonds to 5 per cent. The remainder of the stock
and bonds not issued to the bondholders represented by the
committee to be placed in the treasury of the company and
disposed of only as may be necessary for the discharge of ex
isting obligations and in the acquisition of properties which
will be of value to the system.
Copies of the plan can be obtained on application to the
Mercantile Trust & Deposit Company of Baltimore. Holders
of bonds who have not deposited them with the Mercantile
Trust & Deposit Company of Baltimore may do so up to
October 15th.
Minneapolis & St. Louis.—This road was advertised for
sale under foreclosure proceedings in October, and both tho
Illinois Central and the Chicago Rock Island & Pacific were
reported as probable bidders at the sale. But now Mr. F. P i
Olcott of New York, chairman of the stockholders’ commit
tee, has arranged with those holding the majority of the
equipment and improvement bonds to take them up. All of
the $4,500,000 necessary has been raised in gold and will be
handed to the Sheriff of Hennepin County. Thus will end»
the litigation which began with the appointment of a receiver
in 1888.
New York Central & Hudson River.—The statement for
the quarter ending September 30, the first quarter of the fiscal
year, is as follow s:
1893.
1894.
2,334-01
2,396*45
A ctual.
Estimated..
G ross e a r n in g s ..............
$12,211,847 57
$10,922,000 0 9
O perating ex p en ses....... (67-71%) 8,268,089 19 (65-77%) 7,184,000 00
M iles o p e ra te d ............ ,
N et e a r n in g s ............
F irs t c h a r g e s ....... .
$3,943^758 38
2,629,848 37
$3,738,000 00
2,635,000 00
P rofit....................... ..(1-47% ) $1,313,910 01
D ividend............................(125% ) 1,117,853 75
(1-16%) $1,103,000 0 0
(1-25%) 1,193*000 00
B a la n c e ....................
sur. $196,056 26
dei. $90,000 0 9
Northern Pacific.-—'The directors of the Northern Pacific
Railroad have selected as a proxy oommittee to solicit vote»
2,671,179 at the next annual election of the company the following
1,850,483 bankers: August Belmont, J. Horace Harding of C. D
59*09 Barney & Co. of Philadelphia and Donald Mackay <f
552
THE CHRONICLE.
Yermilye & Co. of New York. Mr. Brayton Ives», the Presi
dent, has issued a circular to shareholders askiDg them to
give both moral and financial support to the directors.
The directors therefore renew their appeal for contributions
Of $12 50 per 100 shares and promise that, so far as they shall
have a voice in the reorganization, such sums as may be con
tributed in response to this request shall be credited on any
-assessments which may be made hereafter.
—At Milwaukee, Sept. 27, the receivers of the Northern Pa
cific Railroad applied to Judge Jenkins, of the United States
Court, for permission to issue $5,000,000 additional certifi
cates. The new certificates are wanted to take up certificates
falling due Oct. 1 amounting to $2,135,935; also in paying the
amount taken from current funds, $531,000; in paying the
amount of the unredeemed loans outstanding, $1,263,074 and
interest, and the preferential claims, amounting to $500,000.
The Adams Committee offered to take the $2,135;985 new cer
tificates to pay off those falling due at a commission of 2 per
• cent. The application was opposed by President Ives, of the
Northern Pacific, and by counsel representing the second and
third mortgage bondholders’ committees. The Court finally
adjourned the matter till 2 P. M. on Saturday.
Peoria Decatur & Evansville.—A meeting of holders of
the second mortgage bonds of this railroad was held in the
office of Van Schaick & Co.,-in Broad Street, this week, and
.more than one-half of that class of bonds was represented.
The sentiment of the meeting was in favor of foreclosure,
and Mr. Van Schaick was authorized to form a committee of
three, with himself as chairman, to map out a plan of action.
The first mortgage bonds are amply secured, but the holders
of the seconds believe that it wilt be necessary for them to
get possession of the road in order to protect their own inter
ests, The committee will call another meeting as soon as the
■desired plan is completed.
P hiladelphia & Reading.—Samuel Dickson, Esq., in behalf
«of the receivers of this company, presented to Judge Dallas, in
th e United States Circuit Court, the plan for Reading’s re
organization. The Court was asked to allow the commissions
to be paid under the Olcott-Earle reorganization scheme and
to approve the plan. The 15th October next was set by the
Judge for hearing the matter in Court.
[V ol.
l ix .
u n ju stly prejudice th e rig h ts of o th e r bondholders, as guaran teed h r
th e m ortgages, or in case of th e ir u nw illingness to acce p t the term«
th e se ttlem en t w hich th e C om m ittee are w illing to offer, and which th»
p rio r obligations of th e com pany to th e bondholders p erm it it to offiV
to allow th e ir claim s to rem ain as th ey now are.
“ The com m ittee propose to ag ree w ith th e receivers an d th e com
p an y to p u rch ase general m ortgage coupons for five years including
th o se now in d efau lt, upo n all bonds assen tin g to th e agreem ent nf
M ay 7, 1894, in case th e com pany shall h e unable to m eet th e same in
an y y e a r from th e ir earnings. T h a t c o n tra c t w ill expressly reserv e te
th e com m ittee th e rig h t of foreclosure in case of an y fu tu re default
The com m ittee w ill cause to be issued ten -y ear g en eral m o rta l »a
coupon scrip, secured by such pu rch ased coupons, to be re tire d out n?
th e su rp us earn in g s of th e com pany at; 105 an d accrued in te re st All
bondholders assen tin g to th e agreem ent of May 7 ,1 3 9 4 , an d present
ing th e ir bonds to he stam ped u n d er th e re a d ju stm e n t agreem ent will
be given th e rig h t to ta k e such scrip a t p a r an d accrued in te re st fni
th e ir coupons.
1
“ The condition of the company will then be as follows:
“ The receivers’ certificates an d the floating debt will h av e been paidth e p rin cip al of the oar tr u s ts w ill h av e been red u ced by *2 000 000
an d th e a n n u a l p ay m en ts on th e balance m aterially reduced ’ Tim
com pany w ill be in re c e ip t of 1,860 g en eral m o rtg a g e bonds, and will
h ave in its tre a su ry ab o u t $5,000,000 th ird p re fe rre d incom e bonds
and ab o u t $3,000,000 of o th e r assets. On th e first of J a n u a ry 189 «
i t w ill also receive $10,363,000 ad d itio n al general m ortgag e bonds’
u n d e r th e te rm s of th e m ortgage securing th e sam e. D uring th e next
th re e years also so m uch of th e earn iu g s of the com pany as w ill be
applicable to th e p ay m en t of in te re st upon th e g en eral m ortgage
bonds will be free d b y th e p u rch ase of th e coupons on those bonds bv
th e com m ittee a n d be applicable to o th e r purposes, in case a f abso
lu te necessity. T he an n u al p ay m en t of th e com pany w ill be m ateri
ally reduced by th e reduction of e a r tr u s ts an d th e pay m en ts of the
floating debt; an d unless th e earnings a re less th a n la s t y ear, th ey will
suffice to p ay th e in te re st upon th e general m ortgage bonds, together
w ith th e red u ced c a r tr u s t paym ents, an d leave a surplus. If on the
o th e r hand, th e y reach th e average of th e la s t th re e or five years such
su rp lu s w ill be large; an d i t is to be rem em bered t h a t durin g the last
five y e a rs th e com pany has d istrib u te d a m o n g th e incom e bondholders
o v er $8,500,000.” * * *
“ lucerne bondholders are th erefo re notified, w ith in six ty days from
th e d a te hereof, to signify th e ir a ssen t to th is p la n to th e C entral Trust
Com pany of New Y ork, th e F in an ce C om m ittee of P en n sy lv a n ia or the
London County B ank of London, by signing th e re a d ju stm e n t agree
m en t on file w ith those com panies, a n d by depositing w ith them their
resp ec tiv e securities, for w hich te m p o rary receip ts, and, in due course
p erm an en t engraved, neg o tiab le certificates, to be listed on th e New’
Y ork Stock E xch an g e, w ill be given. U pon th e com pletion of th e plan
and of th e pu rch ase of th e co llateral tr u s t bonds; th e incom e bonds
w ill b e re tu rn e d to th e respective holders in exchange fo r such certifi
cates. H olders of th e incom e bonds m ay h av e th e option, in lieu of
depositing th e ir bonds, to p ay th e c o n trib u tio n they elect, a n d present
An outline of the plan was given in the Chronicle last m e n tb° nd8 t0 b<3 8tam ped assellted u nder th e re a d ju stm e n t agree“ G eneral m ortgage bondholders who h av e n o t already signed the
week but the official copy contains further details.
reem en t are req u ested to do so a t th e office of one of th e ageuts of
The present financial condition of the property, including ag
th e com m ittee, th e C entral T ru st Com pany of New Y ork, th e Finance
the coal company, as stated by the receivers, is briefly as fol Com pany of P en n sy lv a n ia or th e L ondon C ounty B ank of London at
opee, an d all general m ortgage b o n d h o ld ers are notified to present
lows:
th e ir bonds to be stam ped a t one or th e o th e r of said ag en ts un d er the
Tire am o u n t of receivers’ certificates is .......... $3,640,400
re a d ju stm e n t ag reem en t an d to receive th e cash fo r th e coupons already
A n d th e in te re s t th ereo n to Aug. 3 t i s .......... .
36,424
in d e fa u lt to g eth er w ith accru ed in te re s t th ereo n , or coupon scrip, as
$3,676,824 th e y m ay elect. If, a t th e e x p iratio n of th e period of six ty day s, these
T he am o u n t of floating d eb t i s .........................$3,343,000
proposals h av e b een accepted by a sufficient n u m b er of security
A n d th e in te re s t th ereo n to Aug. 31 is about.
57,645
holders to m ake th e proposed read ju stm en t, in th e ju d g m e n t of the
3,900,645 com m ittee, effective, th e com m ittee w ill abandon an y step s already
ta k e n looking to th e in stitu tio n of foreclosure proceedings. If, a t the
ex p ira tio n of th a t period, a sufficient nu m b er of security holders, in
T he am o u n t of c a r tr u s ts now o u tsta n d in g i s . . . ..................... $7,5& L988 th e ju d g m e n t of th e com m ittee, to m ake th e p la n effective, have not
P a y a b le as fo llo w s:
so deposited th e ir securities or signified th e ir assen t to th e plan, by the
sig n a tu re of th e re a d ju stm e n t ag reem ent, th e n th e com m ittee will
_. '
E quip. Notes.
Gar Trusts.
Total.
3-mos. to Nov. 30, 3 8 9 4 ............ $315,984
$310,000
$825,984 p ress such foreclosure proceedings to a final conclusion as rapidly as
>
Y ear en d in g “
1 8 9 5 ............ 1,607,586
400.000
2,067,586 possible.
te “
I
“
1896............. 1,051,045
“ In the ev en t of th e in stitu tio n of foreclosure proceedings, th e com
052.000
1,703,045
m
itte
e
w
ill
recognize
such
inepm
e
bondholders
and stockholders as
¿5
I
“
1897............. 1,033,545
430.000
1,463,545
: H
“
1 8 9 8 ........
796,605
310.000
1,106,605 m ay have signified th e ir in ten tio n to acce p t th e plan, in any reorgani“
“
1 8 9 9 .............
257,221
zation
of
th
e
p
ro
p
e
rty
conducted
by
th
em
a
fte
r
th e foreclosure sale,
310.000
567,221
an d w ill also recognize such holders of deferred incom e bonds as may
$5,061,988
$2,472,000
$7,533,983 pay a cash co n trib u tio n of $ 7 50 p e r bond in to th e T reasury of th e re
organized com pany, o r a t th e option of th e com m ittee re tu rn the
'T h e an n u al fixed charges, including in te re s t o n th e g e n m oney paid. (Signed) F re d eric P. Oloott, C hairm an; A drian IseliD,
i era l m ortgage bonds an d th e receiv ers’ certificates and
t •’ ’J & K ennedy Tod, H en ry B udge, Thom as D enny, George H Earle,
th e floating debt, to g e th e r w ith allow ances fo r the
J n , Sidney F, T yler, Sam uel R. Shipley, R ich a rd Y. Cook, Com m ittee.”
m ain ten an ce of th e railro ad equipm ent an d contingen
S eptem ber 1 9 ,1 8 9 4 .
cies an d sinking funds fo r th e Goal & Iro n Com pany
The statement of earnings for August and for the nine
(such allow ances, an d sinking tu n d s, aggregating up
w a rd of $l,<io0,000), b u t cred itin g th e in te re st, divi
months of the fiscal year beginning with December 1, com
den d s an d re n ta ls on p ro p erties ow ned, an d excluding
with the same periods in the previous year, is shown
-equipm ent pay m ehts, a r e ...... ............................... .
$10 477 560 pared
below :
The n e t earn in g s of th e com panies fo r th e y e a r end*
’
m g N ovem ber 3 0 ,1 8 9 1 , w e re ........................................... 10 9 77 398
—A ugust.--------Dec. 1 to A ug. 31.—
F o r th e y e a r en ding N ovem ber 3 0 ,1 892 .............. 12,’l3 4 ’6S7
1893.
1894.
1S92-93.
1893-94.
A n d fo r th e y e a r ending N ovem ber 30, 1 b 93 ............ 11,172,690
R a il r o a d C o m pa n y - $
$
$
$
“ I t is th u s a p p a re n t t h a t th e P h ilad elp h ia & R eading R ailroad Com G ross re c e ip ts ............... 1,896,267 1,783,666 16,806,948 14,624,744
p a n y h as d u rin g the p a s t th re e years earn ed th e in te re s t upon d é g é n O perating ex p en ses___ 1,074,758 1,009,058 10,373,315
8,406,729
é ra i m ortgage b onds, b u t th e larg e car tr u s t p ay m en ts h av e m ade it
O perating p ro fit___ 821,509
im possible to pay th e general m ortgage in te re st du rin g th e receiver774,608
6,433,603
6,218,015
sblj\x .l t is essen tial th a t th e equipm ent p ay m en ts should be continued N et from o th er sources
27,540
23,893
464,040
336,913
a n d th e ro llin g stock th u s protected. The available securities of th é
-oompany are m o stly pledged as co llateral fo r th e floating debt, and
T o ta l............ ............. 849,049
798,501
6,897,643 6,614,928
th e com pany is w ith o u t sufficient incom e o r assets to pay th e g en eral
Deduct—
m o rtg a g e in te re st.” * * * * *
&
E quipm ent p a y m e n ts ..
50,309
104,972
941,704
1,223,550
“ The stockholders are to dep o sit th e ir certificates of stock w ith the T erm inal tr a c k a g e ......
50,000
50,000
450.000
250,000
a g en ts o f th e com m ittee fo r u ltim a te tra n s fe r to th e C entral T ru st Im pro v em en ts................
18,423
129.769
9,565
C om pany of N ew Y. rk as T rustees, on such term s as th e com m ittee’s P ro p o rt’n y e a r’s ch’ges. 718,670
705,000
6,390,000
6,468,109
counsel m ay req u ire, fo r th e p urpose of securing to th e g en eral m o rt
g a g e bondholders th e rig h t, u n til th e coupons purchased as hereinT o ta l.......................... 818,988
878,395
7,951,224 7,911,473
provided, shall be paid by th e com pany, to direct how th e stock
sn ail be voted fo r one-half of th e directors an d th e p resid en t of th e B a la n c e .......................... sur.30,061 d ef.7 9 ,8 9 4 d f.l,0 5 3 ,5 8 1 df.1,296,545
Co a l & I r o n C o .—
com pany, an d th e re a fte r to d ire c t how th e stock shall he voted as re
spects one-third of th e directors, a t th e direction of th e general m ort- G ross re c e ip ts----- ------ 1,701,185 1,589,386 16,409,939 15,734,409
ooodhoiders ; as resp ec ts one-third of th e directors, a t th e dir ec O perating e x p en ses— 1,531,758 1,524,772 15,592,597 15,183,318
tio n of th e incom e bondholders, an d as resp ec ts one-third of th e direc- Colliery im provem ents.
66,569
62,760
419,554
523,545
a t th e direction of th e stockholders.
1,984
7,047
24,980
48,844
The R eading Com panies an d th e receivers h av e agreed to apnlv so P erm an ’t im proveai’ts .
V nlïEL\y b! n ecessaTy of thei proceeds of th e sale of th e collateral G ross e x p e n s e s ............ 1,600,301 1,594,579 16,164,986 1 5 , 627,852
th e p ay m en t of th e receiv ers’ certificates, an d of th e
244,953
106.557
®ociir ed floating debt, an d th e balance to p ay m en t on acco u n t of the P ro fit from m in in g ..... 100,874 def.5,193
122,209
974,884
1,058,216
+ m sucl1 m an n er as to secure an extension of th e tim e of th e P ro p o rt’n y e a r’s eh’rges 108,320
a °oount of
rem ain d er, so th a t th e fu tu re a n n u al payï® ! 1
s
ÎLa11 n o t ex.ceed $500,000, o r such o th er sum as B a la n c e ...................
def.7,446 df.127,402 def.729,931 def.951,659
m ay o e sâtisfacto ry to th e eom m ittee. As p ay m en ts are m ade upon
P . & R. AND O. & I. Co.—
t1he com pany w ill receive fo r its general p u *
B alance C. & I. Co . . . . df.7,4 4 6 df.127,402 def.729,931 def.951,659
lo r suiA c a r° tru s tf
13,1 m ortgage bonds now h eld as p a r t security B alance of R ailro ad C o.sur.30,Otìl def.79,894 df. 1,053,531df. 1,296,545
w ith th e holders of th e P h ilad elp h ia R eading & New E n g
la n d bonds an d th e holders of o th er im p erfectly secu red o r d isputed
B ai, b o th gom panies.sur.22,615 df.207,296 df.l,7S3,512df.2,248,204
of wl3J<Î ’ aggregating ab o u t $1,200,000, is n o t in■eluded m th e sta te m e n t of floating debt, upon an y term s w hich w ill n o t j
F o r o th e r ite m s o f In v e s tm e n t News see page 541.
THE CHRONICLE
September 29, 1894.]
fjjte p v rts m id
Mocnmmts.
553
ITEM S CHA RGED TO CONSTRUCTION AND E Q U IPM EN T AC
COUNTS DURING T H E YEAR.
CONSTRUCTION.
fJEW Y O R K C E N T R A L & HUDSON RIVER
R A ILRO A D CO.
EXTRACTS FROM THE TWENTY-FIFTH ANNUAL RE
PORT, FOR THE YEAR ENDED JUNE 30, 1894.
T racks and sidings, su n d ry p o in ts....... ................................... . $63,988 9 9
New bridges a t E ast A lbany an d Suspension B ridge
9,399 1©
Block signals from S puyten Duyvil to Buffalo (b alau ce).. 158.301 53
New fre ig h t a n d p assen g er s ta tio n s ...................
14,834 95
W ater an d fuel sta tio n s................................................. ............. 102,376 89
L and a t various p o i u t s ............................. f
12,371 02
T otal co n stru c tio n ....................................
$361,272 3 9
EQUIPMENT.
2 o the Stockholders of the New York Central & Hudson R iver 7 dining a n d buffet c a r s .................... .........
$96,456 9 6
1 t u g .................................................. ................
20,351 00
Railroad Com pany:
T otal e q u ip m e n t......................................................................$116,807 9 6
The Board of Directors submit the following report for the
year ended June 30, 1894 :
STOCKS AND BONDS OF O T H ER COM PANIES OWNED.
LEA.SE OF T H E NEW YORK & PUTNAM R A ILRO A D .
In accordance with the authority given by the stockholders
■of this company on April 19, 1893, an agreement was executed
under seal on January 30, 1894, with the New York & Putnam
Railroad Company, the successor to the New York & North
ern Railway Company under foreclosure and reorganization
proceedings, leasing all its railroad and property for and dur
ing the term of its corporate existence.
The.road occupies a position practically midway between
this company’s Hudson and Hairlem Divisions, and extends
northerly from the junction with the Manhattan Railway at
or near One Hundred and Fifty-fifth Street in the City of
New York to a point at or near Brewsters, in the County of
Putnam, in the State of New York, a distance of 54*06 miles,
with branches from Van Cortlandt Junction to Getty Square
in the City of Yonkers. 3*10 miles, and from Baldwin Place
to Mahopac Mines, in the County of Putnam, 4*05 miles, the
aggregate length being 61 21 miles.
STERLIN G NOTES.
Pending the issue of additional capital stock under author
ity of April 19, 1893, the Board of Directors authorized the
issue of sterling notes, aggregating £1,000,000 sterling, to
meet in part the heavy expenditures for construction and
•equipment during the previous fiscal year, and to provide a
portion of the necessary advances incident to perfecting the
reorganization of the Carthage & Adirondack Railway Com
pany and the New York & Northern Railway Company, and
for such other purposes as the Board might direct. The notes
were issued in August and September of 1893, payable at
various times up to November, 1894, and bearing interest at
the rate of five per cent per annum. Those maturing in this
fiscal year have been paid, and the currency value of the bal
ance outstanding June 30, 1894, is $3,224,382 50, as shown in
the balance sheet.
CONSTRUCTION AND EQ UIPM ENT.
The total of this account now stands at ¿$157,468,008 12, as
.‘shown in the balance sheet. During the year the account has
been increased $478,080 85. Of this amount the principal
items are : $117,211 84 expended for new and additional pas
senger, freight, water and fuel stations, and $158,301 53 for
the completion of the new block signal system from New York
to Buffalo. All other expenditures for additions and im
provements have been charged to operating expenses.
CAPITA L
STOCK.
STOCKS.
No. o f
Shares.
Total
p a r value.
$
15,000
1,067,600
135,400
662,600
10,000,000
100,000
80,000
14,300
999,000
350,0 )0
4,500.000
500," »00
6,500,000
T roy U nion R ailroad Co................
150
D unkirk All. Val. & P itts.R R . Co. 10,676
C entral Dock & T erm inal Ry. Co. 1,354
S yracuse G eneva & Corn. Ry.Co. 6,626
W est Shore R ilroad C o ............... 100,000
New Je rs e y Ju n c tio n RR. C o__ 1,000
Buffalo C rosstow n R ailw ay C o..
800
Beech C reek R ailroad C o ........... , 286
P ine Creek R ailw ay Co................. 19,980
G ouverneur & O sw egat. R R Co. 3,590
M ohawk & Malone R ailw ay C o.. 45,000
C arthage & A dirondack Ry. Co.. 5,000
New Y ork & P u tn am RR. Co__ 65,000
C arthage W atertow n & Backets
H a rb o r R ailroad Co.....................
4,776
477,600
H udson R iver B ridge Co.............. 3,750
375,000
M erchants’ D espatch Transp. Co. 25,974
2,507,400
M orris R un Coal M ining C o .......
562
58,210
T onaw anda Islan d Bridge C o__
2,000
50,000
W estern T ra n sit C o ..................... 10.000
1,000,000
W alkill V alley R ailro ad Co......... 3,300
330,000
N. Y. Ont. & W. Ry.Co..pf. sto ck .
10
1,000
W est Shore & © utario Term . Co.
29
2,900
New Je rs e y Shore L ine RR. C o..
310
31,000
Je rs e y C ity & B ayonne R R C o ..
135
13,500
S tate Line <fc Stony P oint RR. Co.
(10 per ce n t p a id )......... . ..........
185
1,850
U tica & Black R iver RR. Co....... 11,200
1,12'), 000
N iagara F alls B ran ch R R C o ... 2,500
250,009
Oswego & Rome R ailroad Co__
2,022
202,200
Buffalo Thous. isl. & Port.R R.C o. 2,500
250,000
Oswego A gricultural F air A ss’n .
20
500
Q ueeusPn Sus.B’dgeC o .(£ 2 5 ea.)
3351;
40,000
A dd dividend on Rome W atertow n & Og
dens (mrg stock sold d u rin g th e y e a r.......
T otal p a r v a lu e ..................................
31,723,050
L edger v a l u e . . , . . , . . .. ........................
, 6,513,281
D ivid ’s
A n n ’l received,
rate. <£*accr’d .
$
9,750
o%
59,634
4%
572
—
4% |$ 116,833
t>%
3,372
7%
7%
73,490
17,500
....
17,52:1
303,634
BONDS.
In terest
Total
A n n u a l received
am ount held. rate. <£ accrued.
D unkirk W arren & P ittsb u rg Ry. C o ..$ l,257 ,000 00 7%
$87,9*0 00
91,000 0 0
W arren & V enango R ailroad C o ....... 1,300,000 00 7%
O gdensb’g * Lake C ham plain RR. Co.
175,0.>0 00 4%
7,000 00
Clearfield B itum inous C oalO orpor’t ’n
295,600 00 4%
11,824 00
P itts b u rg T itusville « B u ffalo Ry. Co.
3,916 28
W allkill V alley RR. Co. 1st M ort.
250,000 00 7%
*
W allkill V alley RR. Co 2d M. Incom e
330,000 00 ..
*
Add in te re s t od C arthage & A diron
d ack bonds sold du rin g th e y e a r............................................. 36,666 6 7
During the year subscriptions were received Ffor 60,000
T otal p a r v a lu e ......................... ........$3,611,516 28
$234,410 6 7
shares of additional capital stock, 48,451 shares of which were
L
edger
v
a
lu
e
...................
........
......$
3
,3
1
4
,2
6
4
72
full paid and exchanged for stock certificates, making the
■capital stock of the company $94,273,400—to w it : 942,784
* In te re s t on W allkill V alley R ailro ad Co. bonds cred ited to W est
shares at $100, including $6,300 consolidation certificates not Shore R ailro ad C onstruction account.
yet converted.
RECAPITULATION OF INTEREST AND DIVIDENDS RECEIVED AND ACCRUED
FU N D E D DEBT,
The total funded debt of the company is $67,977,333 33, it
■having been decreased $100,000 by the purchase and cancella
tion of that amount of New York Central & Hudson River
Railroad Company four per cent gold debentures.
Under authority of a resolution of the Board of Directors
May 13, 1890, $300,000 has been reserved from income, and
transferred to the *• Fund for the redemption of four per cent
:gold debentures.” This amount, after deducting the $100,000
for bonds purchased as indicated above, has been added to the
balance of the previous year, making a total of $500,000 to be
used for the purchase and retirement of the four per cent
gold debentures, under the direction of the Board.
|fe[The tab les show ing E arnings, Incom e A ccount an d B a la n ce S heet
w ill he found on a preceding page u n d e r “ A nnual R ep o rts.” ]
•GOST OFa ROAD AND EQ U IPM EN T —CONSTRUCTION ACCOUNT*
G rading an d m a so n ry ....................
$21,764,938 83
Bridges..........................................
3,126,437 84
S uperstructure, in clu d in g r a ils ..................................
31,717,602 42
Passenger an d fre ig h t sta tio n s, buildings a n d fix tu res
15,672,018 59
Block signals, New Y ork to B u f f a lo ................................
969,013 01
17,931,992 81
Land, lan d d am ages and f e n c e s .........................................
Engineering and ag en cies....... ............... ...............
3 ,0 2 1 / 92 72
Rochester & L abe O ntario R a ilro ad ..............................
150,000 00
Buffalo & N iag ara F alls R ailro ad ..................
658,921 56
Lewiston R a ilro a d ....................
400,000 00
Saratoga & H udson R iv er R a ilro a d .................................
2,000,000 00
Syracuse Ju n c tio n R a il r o a d ......................
732,297 57
Ju n ctio n R ailroad, B u f f a lo .................................. ............
219,9ou 00
Niagara B ridge & C anandaigua R a ilro ad .......................
1,000,000 00
G eneva & Lyons R a ilro a d .............. . ..................... . ........
331,589 93
Consolidation certificates, re p re se n tin g co st of ro ad
k to this co m p an y .................................................. ..............
31,157,904 00
• — ----------------Total cost of t o a d .............................................................$130,853,709 28
G ostof e q u ip m e n t..................... ................................. .......
20,614,298 84
telM •**
Db„ut
----------------------T o ta l......... ........ ........... .............. .....................................$157,468,008 12
D ividends on stock.......................................................................... $303,634 75
I n te re s t on bonds................................................................. ...
234,480 67
In te re s t on loans, deposits an d ad v an ces.............. .................. 142,526 82
T otal ............................. 1.1 : ... . . . . . . . . . . . . . . . . ............$ 6 8 0 ,6 4 2 24
CURRENT ASSETS AND L IA B IL IT IE S JU N E 30, 1894.
ASSETS. '
Cash charged T reasu rer .................................J.........
$4,631,796 9 7
C ash ch arged “ F u n d fo r red em p tio n of 4 p. ct. gold
debentures of 1890.” . . ................ .........................................
500,000 c©
Cash in t r a n s i t . . . . . . . . .............................. ................................
262,406 39
F u el and supplies o n h a n d ...'................. ................... .
2,601,154 0 4
Due from a g e n t s .............'....................................................... .. 1,501,469 01
D ue trom individuals an d com panies ..................... ........ . .
1,025,$41 63
N ettraffich alan ee s due from individuals an d com panies 1,481,936 49
P a rk Ave. im provem ent arid new bridge o ver H ar. Riv.
553,258 58
New Y ork & H arlem RR., co n stru ctio n acco u n t-........... 1,321,474 76
W est Shore RR. co n stru ctio n a c c o u n t . . . . . ......... .
2 2 3 ,9 3 4 0 8
E q u ip m en t u n d e r lease, R. W. & O. R R . . . . . . . ..................
345,152 37
T o ta l ......... .............................................................................$14,448,424 32
LIABILITIES.
S terling n o te s .............................................................................. $3,224,382 50
B ills p ayable (notes given in p a r t p a y m en t fo r C arthage
W atertow n & S aeket’s H arb o r stock)..................... .
343,750 00
B onds an d m ortgages on re a l e s ta te ...............................
157,000 00
P ast-d u e b o nds........................................................ ................
4,7 9 0 0 J
A ccrued in te re st a n d re n ta ls ...........................................
3,825,337 75
U nclaim ed in te r e s t..................................
25,804 10
D ividend p ayable J u l y 1 6 ,1 8 9 4 .........................«. . . . . . . . . 1,178,417 50
U uclaim ed. dividends .................
35,552 53
D ue fo r w ages, supplies, e t c .................................................. 2,790,784 13
Net traffic balances due o th e r com panies..........................
835,566 89
D ue Individuals an d com panies................
808,518 81
Rom e W atertow n & O gdensburg RR. construction acct.
283,820 51
C arthage & A dirondack Ry. c o n stru ctio n a c c o u n t.........
86,808 61
E x cess of assets over liab ilitie s........................................ . .
847,890 99
T otal............................................. ................... .
.$14,448,424 3 2
THE CHRONICLE.
P 5 54
[SÜMMARY OF FIN A N CIA L TRANSACTIONS IN 1893-94.
RESOURCES.
Cash balan ce J u ly 1, 1 8 9 3 .,...................................... ..........
In sta llm e n ts on su b scriptions fo r ad d itio n al ca p ita l
s to c k ................................... - ..................,,.$ 4 ,6 4 7 ,7 0 0 00
Sterlir_g n o tes issu ed ............................... 4,837,587 50
R om e W aterto w n & Ogdensb’g R ailroad
sto ck s o ld ........................ ......................... 1,231,900 00
Sale of th e J a y S tre e t p ro p e rty to New
Y ork C ity......................................................
365,000 00
Sale of new C arthage & A dirondack R ’y.
B onds ............................ ........................... 1,052,088 89
Sale of additional U tica & B lack R iver
500,000 00
R R fo u r p e r c e n t b o n d s .......................
Special eq u ip m en t acco u n t : re se rv e for
red em p tio n of 4 p. c. gold d eb en tu res.. 300,000 00
$2,945,566 69
12,934,276 39
B rought fo rw a rd —
$ 6, 768,01328
$ ts,$7ç,S4s <&
In c re a se of C arthage & A dirondack Ry.
$1,946 50
C o nstruction a c c o u n t...............................
P a r k A venue im provem ent an d new
b ridge over H arlem R i v e r ..... ___ _
287,949 03
43,335 94
New shops an d y a rd a t Depew ...............
90,033 96
E q u ip m en t u n d er lease, R. W. & O. RR.
B onds an d M ortgages p a id .........................
135.000 00
B lack R iver & M orristow n RR. 7 p. c.
500.000 00
bonds p a id .............................................. .
100.000 00
Gold d eb en tu res of 1890 red eem ed .........
477,600 00
C arthage W. & 8. H. R R stock p u rc h ’s’d
In cre ase in fu n d fo r red em p tio n of four
300,000 00
p e r c e n t gold d eb en tu res of 1 8 9 0 __ . .
S terlin g n otes p a id ........................................ 1,613,205 00
Cost of old C. & A. R ailw ay b o n d s....... . .
930,062 40 $11,248,046 IT
$15,879,843 08
A P P R O P R IA T IO N O F R E SO U R C E S.
D eficit fo r fiscal y e a r ended Ju n e 30, ’94. $786,340 48
In c re a se of c u rre n t a s s e t s .........................
791,246 02
D ecrease of cu rre n t liabilities ................ 4,122,789 75
In c re a se of C onstruction an d equipm ent
acco u n t.................
478,080 35
In cre ase of W est Shore RR. C onstruc
tio n acco u n t..............................— .............
113,868 39
In c re a se o f New Y ork & H arlem RR.
C onstruction a c c o u n t..................
23,709 79
In c re a se of Rom e W. & O. RR C onstruc
tio n an d eq u ip m en t a c co u n t.................. 430,223 70
In cre ase of G ou v ern eu r & O sw egatehie
RR. C onstruction a c c o u n t ...................
16,509 52
In cre ase of M ohawk & M alone R ailw ay
C o n struction a c c o u n t..............................
6.145 28
STATEM ENT
OF
l Vol. LIX.
C ash b alance J u n e 3 0 ,1 8 9 4 ................ ........................
$4,631,796 97
,
D ESC RIPTIO N O F F R E IG H T MOVED.
1893, Tons.
F lo u r.................................
980.541
2,653,966
G rain ......................................
•»V i w.avu
O th er a g ricu ltu ral p ro d u c ts..................
1,683,103
1,752,471
Live stock . . . . . ......................
737,691
704,329’
690,021
F re sh o r pickled m eats o r p r o v is io n s .......
732,054
P etro leu m an d o th er o i l s ............
367,175
265,494
L u m b e r ........... ................................................. 1,889,955
1,651,124
P ig a n d b ar iron & steel, & iro n & ste el r a il.
549,835
395,712
Iro n an d o th e r o r e s ...........................................
323,642
212,895Coal àn d co k e ................................
5,854,456
4,889,742
M a n u fa c tu re s.................................................... 1,582,511
1,442,361
M erchandise....... ..................
1,896,454
1,596,760
O th er a r tic le s .......................... ; . . ........ .......... 2,102,717
2,013,137
T otal n u m b er of t o n s .............................. 21,312,072
18,728,592
O P E R A T IO N S
FOR
F IV E
YEARS.
FROM OCTOBER t , 1889, TO JU N E 30, 1894, INCLUSIVE,
INCLUDING THE ROME WATERTOWN & OGDEN8BURG RAILROAD AFTER MARCH 14, 1 8 9 1 ; MOHAWK <fc MALONE RAILWAV, CARTHAGE <fc ADIRONDACK
RAILWAY AND GOUVERNEUR & OSWEGATCH1B RAILROAD AFTER JULY 1, 18935 NEW YORK & PUTNa M RAILROAD AFTER FEBRUARY 1, 1894.
S to c k , D e b t, C o s t o f R o a d , e tc .
(Leased lin es n o t inoluded in th is ta b le )
9 tnos ended J u n e 30.
Capital stock.
F unded debt.
1 8 9 0 .! ....V .!T .....................
$89,428,3^.0 00
$59,183,333 33
Yej*i epded J u n e 3 0 ..............| .................... 89,428,300 0 0
65,377,333 33
t c o o ...................
89,428,300 00
68,077,333 33
89,428,300 0 0
68,077,333 33
i o q o ......................
189A !r/.V ” .".’.'.V..’. ...................................... 94,273,400 00
67,977,333 33
Cost of road a n d equipment.
$150,278,885 21
151,002,282 79
153,585,294 48
156,989,927 77
157,468,008 12
No. o f stockh’s,
9,1159,505
8,983
9,47ft
11,760
M ile s o f T r a c k O p e r a te d a n d G r o s s E a r n i n g s .
9 mo» ended J u n e 30. Mile» o f [track oper.
1 8 9 0 .. . . ....................... ......... 3,841-24
Passenger earnings.
$7,416,406 31
Year ended Ju n e 30.^.................. 4,752-13
iooo***.........
.......................... 4,808-42
foQ 3.........'*‘ '1 ............................. 4,856-81
1894.1211.*'........................... .
5,214-23
11,681,109 40
13,305,683 08
1 4,047,57186
14,151,279 50
F reight earnings.
$17,161,840 46
Other sourees.
$2,684,955 53
Gross earnings.
$27,263,202 39
21,456,472 81
26,866,944 11
27,372,070 62
24,104,509 47
4,764,533 05
5,305,998 10
5 ,a l7 , 50 67
5,422,411 62
37,902,115 26
45,478,625 29
46,936,69315
43,678,200 59
C h a r g e s a g a i n s t E a r n i n g s , E x p e n s e s P e r C e n t, N e t E a r n i n g s , a n d P r o fit.
9 mos. ended J u n e 30.
Oper. expenses.
1 8 9 0 .. . . . . . . . .............. .................$18,118,948 59
T ear ended J u n e 80.
189 1 .......................................... 25,370,852 41
1892......... .......................... ......... 81,139,113 39
1893 ......... ................. ............. 32,291,876 89
1894 .......................................... 29,508,406 18
Expenses p . c.
66*46
N et earnings.
$9,144,253 71
F irst charges.
$5,875,530 41
66-94
68 47
68-30
67*57
12,531,262 85
1 4 ,3 39.51190
14,644,816 26
14,169,794 41
8,881,964
9,805,880
10,085,630
10,367,308
P rofit per
P rofit.
share o f slock.
$3,268,723 30
$3 66
30
51
62
64
3,649,298
4,533,631
4,559,185
3,802,485
55
39
64
77
4 08
5 07
510
419
D iv i d e n d s P a i d , S u r p l u s , a n d P a y R o lls .
9 mos. ended J u n e 30.
D ividends p a id .
1 8 9 0 .. . . ....... .....................................! $2 447,*141 50*
Tear ended J u n e 30.
1 8 9 1 .. . . . . .....................................
3,577,132 00
1 8 9 2 ...............................................
4,471,415 00
1 8 9 3 .. . . . . . . . . ............................... IS
4,471.415 00
1 8 9 4 .. . . ......................... ..................
4,588,826 25
Bate o f dividend.
0^%
4%
5%
5%
5%
Surplus.
J $138,732 80
No. o f employees.
21,535
72,166 55
62,216 39
87,770 64
deficit, 786,340 48
A m o u n t o f p a y rolls:
$10,059,063 85
25,810
26,873
27,732
27,088
14.873,536 31
16,684,488 79>
17,289,288 24
16,439,064 47
* Special dividend of one-half of one p e r c e n t p aid J a n u a ry 1 5 ,1 8 9 1 , from su rp lu s of 1890.
T r a i n M ile a g e .
Passenger tra in
mileage.
9 mos, ended J u n e 30.
1890...................................................
7,333,492
Tear ended Ju n e 30.
1 8 9 1 .. . . . . . . . . . . . . ......... ........................ i ............11,122,747
1 8 9 2 .. . ................................................................... 13.371,644
1 8 9 3 .. . ....................................................
14,323,229
1 8 9 4 .. . . . . . . . . ........................... I ............... .............14,374,635
Freight train
mileage.
9,268,473
11,558.246
14.484,181
14,194,486
14,118,939
Me*
- ««ncE
Switch a n d w ork
tra in mileage.
8,553,003
Total train
mileage.
25,154,968
10,185,934
13,157,010
11.754,546
11,787,251
32,866,927
41,012,835
40,272,261
40,280,825
Passengers carried and Passenger Mileage.
N um ber o f through
passengers.
r 9 mos. ended J u n e 80.
1 8 9 0 .. . . .....................................
Tear ended J u n e 30.
1 8 9 1 .. . ........., ............................................................
1 8 9 2 .. ......................................
1 8 9 8 .. . . . . . . . . . . . . . . . ..........................
1894................................ . ........................................
215,622
276,745
N um ber o f w ay
passengers.
150,388 12,965,009
19,841,612
234,658 21,978,979
285,605
23,385,778
23,325,498
Total num ber o f
passengers.
13,115,307
20,057,234
22,213,637
23,671,383
23,602,243
Passengers carried
one mile.
376,004,454
597,406,825
687,038,796
745,080,941
742,542,163
Freight Carried and Freight Mileage.
Through fre ig h t
going north ana west.
Tons.
9 mos: ended J u n e 3 0 .'
1 8 9 0 .. . . . . i . . . ................................
Tear ended Ju n e 30.
1 8 9 1 .. . . . . . . . . . ....
1 8 9 2 ....................................................................
189 3 ........................ ................................... . . . . .
1 8 9 4 . - . . . . . . . . . . . . . . . . . ; . . ........, ...............
Through fre ig h t
going east a >d south.
Tows.
353,407
1,376,494
470,692
1,552,441
525,176
2,705,738
547,166
2,367,226
439,763
1,895,399
Wav fre ig h t
going east a n d south.
Total w ay freight.
§ mos. ended Ju n e SO.
Tons.
Tons.
18 9 0 ...................................................................... 7,118,682
10,472,445
Tear ended J u n e 30.
1 8 9 1 ..... ................
9,162,032
14,598,431
1892 ............
11,128,170
17,490,838
1 8 9 3 ...............
11,540.912
18,397 680
1 8 9 4 ................
10,469,437__________________16,303,430
Total
through freig h t.
Tons.
l,7 2 o ,9 0 1
Way fre ig h t going
north a n d west.
Tons.
3,353,763
2,023,133
3,230,9L4
2,914,392
2,335,162
5,436,402^
6,362,668
6,856,768
5,923,993
Total tons freight
earning revenue
carried one mile.
/2,276,791,346
Total tons fre ig h t
earning revenue.
1 2 ,2 j 2,346
16,621,567
20*721,752
21,312,072
18,728,592
2,890,066,046
3,830,033,5933,813,105,713
3,275,998,571
THE 0 HËÔK1CLE»
S eptember 29,1894.]
555
ILLINOIS C E N T R A L R A ILR O A D COM PAN Y.
FORTY-FOURTH ANNUAL REPORT OF THE DIRECTORS TO THE STOCKHOLDERS, FOR THE FISCAL YEAR
ENDING JUNE 30, 1894.
The following is a summary of the Company’s business for the year ended June 30, 1894 :
G ross Reoeipts from T ra f ilo ......... ......................... ..................... ................................................................................................................................ $20,657,463 78
E xpenses of o p eration an d ta x e s ....... .................... . ..................................................................................................................................- ............... 14,369,415 93
N et reoeipts from Traffic ................... ............. ........................................................... ...............................................................— • — ........ ... ............. $6,288.047 85
N et receip ts from Sale of L an d s........................ ................................................................................................... ........................... . ..........................
36,840 68
Incom e from In v e stm e n ts an d M iscellaneous P ro fits........................................................................................ ............................... - .................
1,865,324 87
Incom e from In v estm en ts in S urplus D ividend F u n d .................................................. ..............................- ........... ....................................14,280 0 0
$8,194,493 40
353,993 42
T otal N et R e ceip ts................................................. .............- ......................................
S u rp lu s D ividend F u n d b rought forw ard Ju n e 3 0 ,1 8 9 3 , as show n in la s t R eport
$3,548,486 82
From this there have been paid :
*
In te re s t o n F unded D ebt an d B onds d raw n u n d er Sinking F u n d ...........................................................................» ...........— $2,713,265 00
R ent of th e Chicago St. L ouis & New O rleans R R . . . . . . ............................................................................................................... 1,648,805 00
867,147 85
R ent of th e D ubuque & Sioux City R R ................................................... .................................. ................................................. —
5,231,2 L 7 8
L eaving av ailable fo r D iv id en d s......... ................................................................... - ................................... .........................
......... -• $3,317,263^97
2,500*000 00
Out of w hich th e re h ave been ta k e n th e D ividends pay ab le M arch 1 an d Sept. 1 ,1 8 9 1 (5 p e r ce n t on $ 5 0 ,0 0 0 ,0 0 0 ).............— . .
There h as b een c a rrie d fo rw ard to S urplus D ividend F und, as of Ju n e 30, 1894, a n d se t a p a r t as applicable to fu tu re D iv id en d s..
$317,268 97
The number of MilesThe
of Railway
number Operated
of Miles ofhas
Railway
been 2,888,
Operated
the same
has been
as in2,888,
the preceding
the same as
year.
in the preceding year.
The following comparison with the results for the year ended June 80, 1893, shows that, with one exception, ther© has
been a n in c re a s e in e a c h o f th e a b o v e i t e m s :
Incom e fro m In v estm en ts a n d M iscellaneous Profits has in c re a se d ................... — .
The sum A vailable fo r F ixed C harges an d D ividends h a s In cre ased ......... .
T h e p r o p o r tio n o f th e E x p e n s e s o f O p e r a tio n t o t h e G ro ss R e c e ip ts f r o m
.............. .................... $562,273 09 or
....... ...........................
8 5 ,4 3 1 5 8 “
...................................
476,791 51 “
.. . . . . . . .
605,739 32 “
........Ï ................
2,905 00 “
..................................... 1,056,745 17 “
.................... 1,185,404 76 “
..............
587,840 00 “
.....................
55 35 “
....... ......... .
134,233 86 “
..................
463,275 55 “
.. ..................
463,275 55 “
............................
28,690 66 “
2-80 p e r o en t
•60
“
8-20
US
4809
“
25*54
“
14*81
“
16*10
“■
27*63
*00
18*32
“
1623
V
130*87
“
51*67
T ra ffic h a s b e e n 64 36-100 p e r c e n t , a d e c r e a s e
from the year preceding of 162-100 per cent.
•'
The proportion of Taxes to Gross Receipts has been 5 20-100 per cent, an increase of 1-10 per cent over the year preceding.
The proportion of the Expenses of Operation and of Taxes to Gross Receipts has been 69 560-1000 per cent, a decrease of
1 521-1000 per cent compared with the year preceding.
The increased Gross Receipts came from Passengers, and were incident to the World’s Fair. Daring the six month© from
May 1 to October 31,1893, there were carried at a uniform fare of ten cents for a journey of over nine miles, 8,783,616
passengers on the Special World’s Fair Trains without serious injury to any of them. In the regular suburban trains there
were carried during that period 9,358,695 passengers and the travel in the other passenger trains was also unu3n illy large.
The universal satisfaction with the facilities afforded, as expressed by the public through the press and by the Directors of
the World’s Columbian Exposition in formal Resolutions, redounds highly to the credit of the service and of the officers aud.
employees engaged therein. The fact that the fare charged by the Company was double that of its principal competitor, the
Elevated Railway, demonstrates that the public are willing to pay reasonable rates for adequate service when performed
with promptness, safety and comfort to the passenger.
The receipts from freight decreased $527,583 95, or 4-13 per cent. In view of the results reported by other railway com
panies of the depression in general business lasting through the whole year, of the strikes among the miners of ooal during
April, May and June, and.of the utterly uncalled for)?‘sympathetic boycott” on your aud other railways which was begun on
the 26th of June, there is good reason for congratulation on the outcome,
;.
.
The increased payment for Taxes is due to so large a part of the increased Receipts having been derived from the 705
miles of Railway built under the original charter in which the State of Illinois reserved to itself 7 per cent of such Reoeipts in
lieu of Taxes. The sum so paid to that State was $680,231 83, which, if capitalized at 4 per cent, would represent $17,005,7951
The interest on the Funded Debt was increased by the payment on July 1, 1894, of six months’ interest.upon the $1,517,000
of Four Per Cent Bonds actually delivered in payment for the Securities of the Cttesapeake Ohio & Southwestern Rulroad
Company, which were purchased during the year, as explained below, and by the payment of the full year s interest on the
$25,000,000 of Four Per Cent Bonds of 1953, issued against the purchase of securities of the Louisville New Orleans & Texas
Railway Company, upon which only six months’ interest accrued during the year ended Juue 30,1893, This is more than offset
by the increase in Income from Investments, arising largely from the receipt of a full year’s interest upon the First Mortgage
Bonds of the Louisville New Orleans & Texas Railway Company and of $193,451 42 on account of arrears of interest upon the
Second Mortgage Cumulative Income Bonds of that Company, this last sum being the surplus earnings of the Yazoo & Miss
issippi Valley Railroad for the eight months ended June 30,1893, as shown^in last year’s Report.
The Company’s experience in carrying its own fire risks since December 1, 1893, has ,thus far proved satisfactory. The
Insurance Fund has increased to $195,367 26.
.
Thè company’s interests in the stocks of the Hope Oil Mill & Compress Company, the Holly Springs Compress & Manu
facturing Company, tbe Dunleith & Dubuque Bridge Company and the Iowa Land & Loan Company have been so li at the
values set upon these securities in the last Annual Report, payment being received in the buyer’s notes bearing Five Per Cent
Interest? with these and other securities as collateral.
V*
T?he policy of steadily improving the standards of maintenance, which was adopted som9 five years ago, has beer! striotly
adhered to, and in every respeot the property is in better physical condition than ever before.
J
556
THE CHRONICLE.
[V ol . L1X.
As shown in greater detail in the accompanying tables, the outlay on Capital Account has been as follows :
Illin o is C e n tral R a ilro a d .............. ........................................... ......................................................... - ............... -......................- ............. H......................$1,696,419 5 4
14,380 8T
C hicago & S pringfield R ailro ad .............. ................................ .......................................................... .............. ..................... ....................................
K an k ak e e & S outhw estern R a ilro a d .................................................................................- ....................................... —.............- ................................ H 5 63
............................................... ....................................... - ............................................. -........ - ............... ..................
393 75
S outh Chicago R a ilro a d .
B lu e Islan d R a ilr o a d ...................................................................... ...................................................... ....................... - ..................................................
347 17
Chicago H a v a n a & W estern R a ilro a d ...................................................- .................................. ........................................................................... ...........
157 20>
R a n to u l R a ilro a d ............................................................................................... ................... ............ .— ............................. ........................................ .
1,128 2 2
Chicago M adison & N o rth e rn R a ilro a d ...................................................................................- ...................- .................................................................
23,038 61
C hicago St. Louis & N ew O rleans R a ilr o a d ............................................. .......................................................-..........- ................................................
1 6 5 ,6 6 6 1 0
Y azo o & M ississippi Y alley R ailro ad (Yazoo B r a n c h ) ............................... *........... ................. ..................... ........................................................
939 58
$1,902,586 67
During the year the new Passenger Yard and Station at Chicago and the Office Building adjoining were entirely com
pleted, as was also the elevation of the tracks above the grade of the streets from Fifty-first to Sixcy-seventh streets.
The land owned jointly with the Michigan Central Railroad Company, on which the old Passenger Station in Chicago
stood, has been partitioned, your Company acquiring the sole ownership of the portion next to the City, and parting with its
half-interest in the ground lying to the eastward. The land thus acquired has been improved and is being used for a down
town Passenger Station. Other properties in Chicago of less value were also exchanged, without money consideration, to
the mutual advantage of both Companies.
The right to use the new Passenger Yard and Station has been let to the Michigan Central Railroad Company upon itspaving a fixed yearly rent of $105,000 and a share of the expenses.
The Company has hired for five years from November 1, 1893, at a rent of $6,000 per annum, the exclusive use of a,
Freight House and Tracks, and the joint use of the Union Passenger House and Tracks in Sioux City, the lease also requiring
the payment of a share of the expenses of the Passenger Station proportioned to the use made thereof by the several tenants.
Although the work done on the levees in Louisiana, pursuant to Acts of the State Legislature and of the Congress of the
United States, gives assurance against a recurrence of the disastrous floods of former years in the lower valley of the Missis
sippi, it was deemed expedient to raise some 20 miles of the track between Ponchatoula and De Sair, near New Orleans, to a
level above that of the highest overflow, and to widen the banks. While the remaining 20 miles through the swamp are le3s
exposed to flood, it is proposed to complete this work within the next year or two.
The Trustees of the Cairo Bridge Fund hold $171,809 04, which, with the exception of $449 04 in cash, is well invested in
the securities authorized by the Mortgage under which they act.
In order to obtain an outlet to the North for the business brought into Memphis over your railway and over the Yazoo
& Mississippi Valley Railroad, as well as the much-needed connection between that City and the main line of the Chicago St.
Louis & New Orleans Railroad at Fulton; Kentucky, advantage was taken of the low prices prevailing during the money
panic last Autumn to purchase a controlling interest in the securities of the Chesapeake Ohio & Southwestern Railroad and
of some of the companies affiliated therewith. Abstract L, atached to the subjoined General Balance Sheet contains a
schedule of the securities, claims and pieces of real estate purchased. The latter include valuable and ample terminals in
Memphis, Louisville and Evansville. The securities purchased carry, in addition to the control of the Chesapeake Ohio <fc
Southwestern Railroad Company and a second lien on its main line, the control of terminal companies and the ownership of
lands necessary to the successful operation of that railway, and the lease and option to purchase forty-five miles of railway
leading into Louisville. The securities, claims and properties purchased have been mortgaged to the United States Trust
Company to secure an authorized issue of not exceeding $12,750,000 of Illinois Central Four Per Cent Gold Bonds, payable a t
its option between January 1, 1896, and January 1, 1904. There have been delivered, or contracted to be delivered, ia connec
tion with this purchase $5,000,000 of such bonds. Of the remainder, $1,500,000 are reserved to buy up the minority interestsin like securities, and $6,250,000 will be held for issue, if deemed advisable by the Illinois Central, dollar for dollar, against
the deposit with the United States Trust Company of the Six Per Cent First Mortgage Bonds of the Chesapeake Ohio &
Southwestern Railroad Company. These last-named bonds are secured by a lien upon the main line paramount to that off
the Second Mortgage Bonds purchased by the Illinois Central Railroad Company, but neither lien covers the terminals or the
securities of and claims against the affiliated corporations.
_
.
.
An unwillingness to encroach upon the territory served by the Louisville & Nashville Railroad Company brought about
a contract for the sale to that company of the securities and properties purchased, they paying therefor $5,000,000 of their
Five Per Cent Gold Bonds of like tenor and date with those issued by your Company, and contracting to deliver additional
like bonds, dollar for dollar, against f urther issues of Illinois Central Fours.
The Louisville & Nashville Railroad Company also contracted, among other things, that it would cause the Chesapeake
Ohio & Southwestern Railroad Company, or its successor, to lease, or should it acquire the property of the Chesapeake Ohio& Southwestern Railroad Company, it will lease, in perpetuity, to the Illinois Central Railroad Company, equal rights with
itself to the use of that portion of the railroad extending from Fulton, Ky., to Memphis.
The carrying out of this contract has been delayed, and may be prevented by a suit by the Commonwealth of Kentucky*
in which the lower court has recently held that the charter of the Louisville & Nashville Railroad Company does not authorize
it to acquire the Chesapeake Ohio & Southwestern Railroad. Appeals have been taken from this decision and should be heard
and determined in the near future. In case the Louisville & Nashville should perform its contract, a large annual revenue
will accrue to your Company through the difference between the four per cent to be paid and the five per cent to be received
on the $5,000,000 or more of bonds above referred to. In case it should not, your Company will acquire a valuable feeder and
connection to the East at a low cost. In either event the needed connection between Memphis and the North is assured in
perpetuity.
The Yazoo & Mississippi Valley Railroad Company reports the following as the result of operating its 807 miles of railway
formerly Louisville New Orleans & Texas Railway) for the year ended June 3 0 , 1894 :
G ross R eceipts fro m T raffic........................ .................. .............. ........................ ........................................ ..................................... .......................... $3,338,859 5 0
O p eratio n E x p e n se s................ ............ ......................................................... ........... ........................................................ ............................................ 2,280,370 2 0
E x cess of G ross R eceipts o ver O peration E x p en ses......... ............................................ ............................................... ........................................ $1,058,489 3 0
T a x e s ................. ............................................ .............. .............. ........................................................................... . . . . . . . . . . ........... ................. .
89,091 4 0
E x cess of G ross R eceip ts o v er O peration E x p en ses an d T a x e s . . . . . . . ............................................ ..................................................................
I n te re s t on I n v e s t m e n t s . ......................... ..................................................................................................... .............................................................
$969,397 90
4,230 9 5
$973,628 8 5
I n te r e s t p aid on F irs t M ortgage B onds............................................. ....................... ............................................................................$673,280 00
I n te re s t p aid on N o te s ......... ........................................................ ........................................................ ...................................... .
21,715 10
L o ss on Bale of S ecu ritie s......... ............................................................................................. ............ ............................ .................... . 5 9 ,5 0 0 0 0
S u rp lu s..................................... ................................. ..................... . . . . . . . . . . . . ................... ..................................................................— . . . —
7 5 4 ,4 9 5 1 0
$219,133 75
The attention of the stockholders is invited to the Report of the Vice-President with accompanying General Balance
Sheet and Abstracts, and to that of the Second Vice-President, which give in greater detail the results of the year’s business.
The stocks, bonds and other assets owned by the Company have been examined by a Committee of the Directors, consist
ing of Messrs. John W. Auchincloss and Charles M. Beach, and found as shown in Abstracts C, D and E, attached to the
Balance Sheet.
In closing, the Directors wish to add their testimony to that of the public to the admirable manner in which the vast
crowds in attendance at the World’s Fair at Chicago were handled by the officers and men in the Company’s service. They
wish also here to tender the thanks so justly due to officers and employees in all branches of the service for the prudent* safe
and economical manner in which the increased business has been conducted.
By order of the Board of Directors,
ALEXANDER G, JTACKáTAFF,
U o r e ta r y l ]
New Yo r e , September 19,1894,
Septem ber
THE CHRONICLE.
29,1894.]
557
G EN ER A L BALANCE SH EE T .
A b st r a c t .
“
A
Chicago & Springfield R R ............................................. —
-
-......... ..
$46,182,891
1,619,443
1,43 4 ,19 4
239,732
64,366
1,829,752
5 75 ,2 5 1
9,998,569
34,856,130
1,90 3,124
2,322,385
...
A-
09
52
88
87
17
95
53
12
53
45
14
$101,025,342 25
$6,097,037 34
38,215,395 45
c
D
B
F
G
44,312,432
79
1,3 49 ,125 2 7
195,3 67 26
817,268 97
1,0 12,636 23
$147,699,536 54
A bstract.
$50,000,000 O'oi
I
I
I
I
I
I
F u n d ed D ebt of Illinois C entral RR. Co.—
$2,500,000 00
1,600,000 00
3.550.000 00
1,000,000 00
968,000 00
1.500.000 00
15.000.
000 00
3,000,000 00
25.000.
000 00
2.499.000 00
5.266.000 00
4.517.000 00
I &K
I & K
I &K
I
I & K
I& L
$66,400,000 00
1,000 00
66,401.000 00
$116,401,000 00>
■ . .: \ ■
$10,000,000 00
I
I
I
F unded D eb t of Chicago St. L ouis & New O rleans RR. Co.—
K
5 p e r cent Gold B onds of 1 9 5 1 ................................................
L ess ow ned by Illinois C e n tral RR. Co., an d pledged to
secure £1,053,200 3^2 p e r cent S terling B onds of
1950, show n a bove................................................................. .
$16,547,000 00
5,266,000 00
$1,367,000 00
80,000 00
11^281,000 00
1
3,500,000 00
$16,228,000 00
6,000 00
26,234,000 00
16,234,000 00
190,940 10
2,610,960 1 2
1,250,000 00
E
195,367 26
817,268 97
F
G
1,0 12,6 3 6 23
$147,699,536 54
§T,7i2,ç423g
B rought fo rw a rd —
ABSTRACT “ A.”—PERM ANENT IM PROV EM ENTS CHA RGED TO
CAPITAL.
I l l in o is C e n t r a l R a il r o a d —
W ay L ands a c q u ire d ............................ . ........ $24,835 34
S ta tio n G rounds a c q u ire d ......... .................. 310,000 00
B u ild in g s............................................................ 699,734 57
W a te r W orks..................................................
52,018 05
S id in g s............ .............................................. .
62,128 33
B a lla s tin g
.................................. ........... |
19,209 43
52,186 10
C a ttle G u ard s and C rossings............ .
F en c in g ..................................................... .
32,378 54
N ew T rack s, 5 and 6 , betw een G rand
5,147 55
C rossing an d B urnside, C h ic a g o ......... .
N ew T racks, 7 an d 8, N o rth of 3 6 th St.,
C h icag o...........................................................
11,602 81
N ew Main T ra c k ,b e t’n M oneeand P eotone
45,589 33
E le v a tio n of T racks, Chicago...................... 153,991 93
F illin g a t Car W orks......................................
147 65
N ew Bio ok S ignals................................... .
49,120 18
In te rlo c k in g .....................................................
36,190 41
Illin o is A pproach to Cairo B ridge..............
23,696 10
Locom otive's, l C onsolidation
F re ig h t E n g in e ..................... $10,360 00
L oc’m’lives. A ir B rake E q u ip
m e n t, 4 E n g in e s...................
1,998 40
F re ig h t Cars, 172 F ru it Cars. 117,476 00
N ew Shop M achinery an d
T o o ls..........................................
32,729 04
L ess cost of 52 E x cu rsio n
C ars, charged in accounts
f o r y e a r ended J u n e 30,
1893,w hich w ere converted
in to F ru it C ars to replace
o ld c ars destro y ed , th e
c o s t of w hich w as charged
to “ R e p airs an d Renew
a ls ” .........................................-
43,120 22
W ay L an d s acq u ired .............. ..................... .
B u ild in g s............................................................
B a lla s tin g ......... .................. ......... ..............
S id in g s....... .......................................................
K a n k a k e e & S o u t h w e s t e r n R a il r o a d —
B u ild in g s.................................. .........................
S id in g s.................... ............- ...........
Ch . St . L<feN. O. RR.-M e m . Div .—
W a te rw o rk s ............................
C a ttle G uards an d C rossings
14,380 87
$62 45
53 18
115 63
S id in g s........................................... ...................
393 75
B l u e I sl a n d R a il r o a d —
Way L an d s a c q u ire d .................. ...................
B rid g in g ....... ............................................. . . .
S id in g s.......................................... ......................
$70 47
41 00
235 70
347 17
C h ic a g o H avana & W e s t e r n *R a il r o a d —
W ay L an d s a c q u ire d ........................ ............
157 20
R a n t o u l R a il r o a d —
In te rlo c k in g ................ ....................................
i
00
65
95
95
30
1 2 ,0 5 1 7 6 . $23,038 61
$26194
850 06
1,112 ooi
$188,253 51,
00
26
54
07
S o u t h Ch ic a g o R a il r o a d —
$300
1,172
2,515
270
6,727
Way L ands a c q u ired ..............
$220 00
S tatio n G rounds a c q u ire d ...
1,879 60
“
“ Im pro v em en ts
6 ,7 0 1 1 4
B u ild in g s..............................
24,406 31
W ater W orks............................
5,296 77
F en cin g ...............
73 16
Sidings........................................
28,244 07
R aising G rade of T racks,
P o n ch ato u la to D eS air.. . . . 112,694 66
New Block S ignals....... ........
369 07
K entucky A pproach to Cairo
B rid g e ....................
7,256 73 $187,141 51
119,443 22 $1,696,419 54
$2,447
787
1,161
9,985
W ay L ands a c q u ire d ................... ..................
B u ild in g s..........................................................
S id in g s................................................ ..............
B allastin g .............. .................................. .
In te rlo c k in g ......................................................
Second M ain T rack, b etw een S a n ta Fe
J u n c tio n a n d W est 4 6 th St., C h ica g o ...
C htc . S t . L. & N e w O r , R R —M a in L in e —
$162,563 44
C h ic AG") & S p r i n g f i e l d R a il r o a d —
C h ic a g o M a d is o n & N o r t h e r n R R .—
1,128 22
L e s s : R eceived from th e L ouisv. & Nash.
RR. Co. fo r a o n e-fourth u n d iv id ed in
22,587,41
165,668 10
te r e s t in th e B e lt Line, M em phis, T e n n .
Y a zo o & M iss. V a l l e y R R .—Y a z o o B h . ~
939 58
S id in g s.............................................................. .
*1,902,586 67
G rand T o ta l..................... ............................
ABSTRACT “ B.’'—M A TERIAL AND S U PPLIES.
, $122,896 95
Coal ........................................
28,533 45
W ood................ .'.........
237,066 10
Steel R a ils..............................
114,577 91
Iro n R a ils....................... . . . .
155,700 99
T ie s ..........................................
. 3,274 82
Spikes ....................................
57,502 91
L u m b e r..............
3,584 85
P ig Iro n .................................
79,338 56
Iro n an d S teel.......................
787 9»
Copper....................................
1,527 46
T in ................ ...........................
15,361 46
Oil a n d T allow .....................
2,525 23
W a s te ................................. .
10,035 58
P a in ts an d V a rn ish .............
47,659
64
Iro n C a stin g s................... ....
29,089 0 3
B rass C astin g s.....................
3,904
67
F lu e s........................................
37,900 20
A x le s ....................... ...........
07
111,487
W heels a n d T ire s..................
7,304 98
Steel S p rin g s...................
1,069
57
N ails...................................... .
2,533 17
R ubber G oods......................
71,463 12
M anufactured M a te ria l__
. 190,167 57
G eneral M e rc h a n d is e .......
13,832 05
S ta tio n e ry ..............................
,$1,349,125 27
T o ta l.............. .................
ABSTRACT “ C.”—See p ag e 559.
558
THE CHRONICLE,
ABSTRACT “ D,”—BONDS OWNED,
P a r Value.
HI. Cent. RR. 4% Gold Bonds o f 1953.
M ississippi C en tral 2d M ort. (p ast due)
Dub. ASioux City RR.Co.,Gold 5so
O th er B o n d s............................. ..
r B onds P le d g ed —See A b stra c t “ K .”
Cherokee A D akotaR R. Co 5s $3,1(
C edar R apids ACh.RR.Co. 5s
8£
)
L. N. O. A T. RR. 2d M. Bds. 9,1(
L. N .O &T. RR. L.G .In.B ds. 9,90
See A b stract “ L .”
-------L. A N. R B Co., Tw o-ten 5% Dole____„.
of 1904 (received a g ain st C. O. A 8 . W.
se cu rities sold to th a t Company)
(VoL, LIX.
ABSTRACT “ E .”—ASSETS AND L IA B ItIT E S .
Book Value.
$3,871,000 00 $3,871,000 00
600 00
600 00
1,219;000 00
1,219,000 <0
12,000 00
7,029 01
$5,102,600 00 $5,097,629 01
3,930,000 00
3,930,000 00
35,590,000 ao
24,670,766 44
4,517,000 00
4.517,000 00
I$49,139,600 00 $38,215.395 45
L ia b il it ie s .
B ills P a y a b le .....................;
$2,448,574 26
Coupons due J u ly 1 ,1 8 9 4 ......................
304,227 50
R e n t due J u ly 1 .1 8 9 4 ................... . . .
200,000 00
Coups, a n d D ividends overdue A un p aid
135,251 80 $3,088,053 56
Ass STS.
C a s h ...,,,...................... . . . . ; .......................
$253,217 51
Bills R e c e iv a b le ............... . ................
3,700 00
Dub. A 8 . C. RR. Co. 7% B ds.,due Ju ly l ,’94
34,500 00
N otes Receivable, secured by th e pledge
of Stocks an d Bonds of th e p a r value
of $6,077,168 06, which y ield an in
com e in excess of th e 5% in te re s t col
lected UDon th e n o tes in c a s h . . . . . . . . .
2,512,226 40
M iscellaneous....... .................................
84,017 77
N et A ssets Chicago Office.
$2,887,661 68
9,453 69
2,897,113 37
N et L ia b ilitie s ..................
$190,940 19
ABSTRACT “ G.”—A PPLIC A T IO N O P INCOME.
Dr.
S u rp lu s D iv id en d F u n d J u n e 3 0 ,1 8 9 3 , as show n in l a s t r e p o r t ..
One y e a r’s in te re s t to J u n e 3 0 ,1 8 9 4 , on se cu rities in t h a t F u n d .
N e t R e c e ip t s d u r in g t h e y ea r e n d e d J u ne 3 0 ,1 8 9 4 .
F ro m th e o p eratio n of th e R ailw ay, as show n in A b stra c t •M ” .
F ro m th e L an d Office................... ........................................ . ....
F ro m In v e stm e n ts a n d M iscellaneous P ro fits, as show n in A b stra c t
$353,993 42
14,280 00
H’
Or.
I n te re s t o n B onds—
O ctober 1 ,1 8 9 3 , an d A pril 1 ,1 8 9 4 , on 6 p. c. S terlin g B o n d s...............................
J a n u a ry 1 a n d J u ly 1 ,1 8 9 4 , on 6 p. c. S pringfield D ivision B o n d s_____
O ctober 1 ,1 8 9 3 , an d A pril 1 ,1 8 9 4 , on 5 p. c. S terlin g S inking F u n d B onds
............................ .............. .
D ecem ber 1 ,1 8 9 3 , an d J u n e 1 ,1 8 9 4 , o n e p. c. S terlin g B onds
,* .............................................................
A u g u st 1 ,1 8 9 3 , a n d F e b ru a ry 1 ,1 8 9 4 , on 5 p. c. M iddle D ivision B o n d s.......................................................................
J a n u a ry 1 a n d J u ly 1 ,1 8 9 4 , on 4 p c. F irst M ortgage B onds
.......................................................................
O ctober 1 ,1 8 9 3 , and A pril 1 ,1 8 9 4 , on 4 p. c. Gold B onds of 195 2 .................................. ................................................
r
D ecem ber 1 ,1 8 9 3 , an d J u n e 1 ,1 8 9 4 , on 4 p. c. Cairo B ridge B onds of 1950....................................................................
N ovem ber 1 ,1 8 9 3 , an d May 1 ,1 8 9 4 , on 4 p. c. Gold B onds of 1953.................................................................................
J a n u a ry 1 an d J u ly 1 ,1 8 9 4 , on 3*3 p c. F irs t M ortgage B onds
J a n u a ry 1 an d J u l y 1 ,1 8 9 4 , on 3*2 p. c. S terling B o n d s................ ' .............................................................................
J u ly 1 .1 8 9 4 , on 2-10 4 p. o. B onds of 1904......... ............................I
I
.
..............................................................
a
$6,288,047 85
26,840 68
1,865,324 87 8,180,213 40
$8,548,4?6 82
$150,000 00
96.000 00
178,750 00
50.000 00
48,400 00
60.000 00
600,000 00
120,000 00
1, 000,000 00
87,465 00
184,310 00
90,340 00 $2,665,255 0©
ttUnois C entral 5 p .c . S terling Sinking F u n d B onds of 1903, d ra w n fo r p a y m e n t...................... ..............
6UT OX
$368,273 42
50,000 0©
oX< iit & JN• vJf* K K ,—
N ovem ber 1 ,1 8 9 3 , en d M ay 1 ,1 8 9 4 , In te re s t on 7 p. c. C. St. L. A N . O. F irs t M ortgage B onds
D ecem ber l L1893La n d J u n e 1 ,1 8 9 4 , In te re s t on 6 p. c. C. St. L. A N. O. Second MortJ^P-o Hernia..........................
D ecem ber l b , 1893, an d J u n e 1 5 ,1 8 9 4 , In te re s t on 5 p. c. C. St. L. A N- O. Gold Boncfs g
..........................
D ecem ber 1 ,1 8 9 3 , an d J u n e 1 ,1 8 9 4 , In te re s t o n 4 p . c. C. St. L. A N . 0 . M em phis D ivision F irs t M o V t J s i i a '
D ecem ber 1 ,1 8 9 3 , an d J u n e 1 ,1 8 9 4 , In te re s t on 5 p. c. C. St. L. A N. O. Cairo^Rride-e Bonds
F o r acco u n t Cairo B ridge F und, D ecem ber 1 ,1 8 9 3 , an d J u n e 1 .1 8 9 4
m g D o n a s ........... ...................
Ja n u a ry l a n d J u ly 1 , 1894, In te re s t @ 4 p . e. on L eased L ine Stock
.........................................................................
S alaries of T ru stees an d o th e rs.......................... ...... .................................. .................................................................. ■...........
$95,690 00
4,800 00
827,350 00
140.000 00
150.000 00
30,000 00
400.000 00
965 00 1,648,805 0®
D W idonP
Ct$
(S?e
of
Com pany, p age 19 of p a m p h le t)..........................
867,147 85
D ividend, M arch, 1894, on Illinois C en tral S h ares................... .............
................................... 4n 0*0 000 00
D ividend S eptem ber, 1894, on Illinois C en tral S hares................................III- III II I II I II II I II I II II I II I II II I II ........................ D 250 000 00 2,500,000 0©
$7,731,217 85
817,268 97
Bur. Div. F und, ap p ’le to F u tu re D iv’s, in v este d in $817,000 D. A S. C. RR. 5 p.c. g. B onds of 1938, an d $268 97 Cash
$8,548,486 82
ABSTRACT “ H .”—INCOME FROM INVESTMENTS AND MISCELLANEOUS PRO FITS.
D r.
I n te re s t o n B ills P ay ab le ,
E x pe n s es N ew Y o r k Of f ic e S alaiies..... .................................
E x p e n se s....... ....................... .
F ix ed C harges of Subsidiary Lines Writ
te n off........................ .
$42,219 25
47,010 98
$166,674 76
Or.
In te re s t on m oney lo a n e d ..........................
89,230 23
I nterest on B onds —
Illin o is C entral 4% Gold B onds of 1953.
“
S terlin g 3 ^ % B onds...
C. St. L. A N. O. RR. 5% Gold B o n d s..
“
B ridge B o n d s ....
“
1«
Mem. Div. B onds
L .N . O. A T. R y. Co. 4 % B o n d s.............. .
Jg
“
2 d M. Inc. B onds..
D ubuque A Sioux City RR. Co. 5% Bds,
C herokee A D akota RR . Co. 5% Bonds.
C edar R apids A Chic. RR. Co. 5 % Bds.
C olum bian E x p o sitio n B o n d s................
O ther B o n d s................................................
$140,900 44
2,830 20
263,300 00
150,000 00
1,440 00
663,280 00
198,451 42
111,550 00
155.0Q0 00
41,500 00
5,321 00
89 31
*In te re s t on B onds of Subsidi
a ry L ines pledged to secure
$15,000,000 Illinois C entral
4% Gold B onds of 1952—
$16,350,000 5% B onds........ $817,500
Less In te re s t collected from
D ub. A Sioux City RR. Co.
as above.
On Cherokee A D a
k o ta RR. Co. B d s .$155,000
On C edar R apids A
C. RR. Co. B o n d s.. 41,500
------------- 196,500
621,000 90
647,460 79
1,865,324 87
$2,768.690 65
1,733,662 37
S outh Chicago RR. Co. 5% B o n d s ......
In te re s t on C anton A berdeen A N ash
ville RR. Co. Note given fo r B onds
oanoeled.......................... ................ .
In te re s t on Chicago H a v a n a A W estern
RR. Co. N ote given fo r advances
m ade th a t C o m p an y ........................
12,500 00
3,960 79
647,46© 79
In te re s t on L. N. O. A T. Ry. C o. Notes.
. In te re s t on N otes R e c e iv a b le ................
17,242 72
122,423 94
139,666 6 ©
197,945
796
3,000
292
202,033 5©
D iv id e n d s on S h a re s —
D ubuque A Sioux C ity RR. Co. S to ck ..
Chicago St. L. A New O. RR. Co. S tock
M ississippi V alley Com pany S to c k __
Illinois C entral RR. Co. S to c k ..............
B alan ce, rep re sen tin g N et Incom e
from In v estm en ts, an d M iscellane
ous P ro fits.................
$3,065 96
10,000 00
00
00
00
50
P r o f it and L o s s Dii count on B onds p u rch ’d.$ 5 9 ,5 4 4 50
S terling E x ch an g e................ 11,452 73
70,997 23
Less:
D iscount on B onds sold ..$ 2 2 ,9 6 6 87
Miss. A T. RR. 8 % Bonds,
p u rch ase d and canceled. 4,969 67
S undry L o s s e s ...................
259 32
28,195 86
42,801 37
$2,768,690 6 5
559
THE CHRONICLE.
29, 1894 J
S eptem ber
ABSTRACT “ C.” —STOCKS OWNED.
P a r Value.
Brought fo rw a rd —
11,000 00
10,200 00
7,917.800
7,700
300,000
35.000
25.000
25.000
19,575
F irs t M ort. Bonds, being a m ajority
of th e to ta l is s u e .............................
C apital Stock, being a m a jo rity of th e
to ta l iss u e .......................... .............. —
U npaid Coupons from 1 st M ort.Bonds.
00
00
00
00
00
00
00
$11,321 51
10,870 00
10,200 00
5,951,664
3,850
43,125
35.000
25.000
3,000
83
00
00
00
00
00
6 00
$338,000 00
402,300 00
90,810 00
$831,110 00
$501,000 00
314,400 00
315,400 00
O w e n s b o r o F a l ls o f R o u g h & G r e e n
R i v e r R R . C o .:
F irs t Mort. Bonds, being a m ajo rity of
th e to ta l iss u e ........... ............ ................
C apital S tock...............................................
O h io V a l l e y R R C o.:
182,000 00
G eneral Consol. 1st M ort. B o n d s .........
1 $8,363,050 00 *6,097,037 34
P a d u c a h U n io n D e p o t C o .:
ABSTRACT “ L .”
Securities of and Claims against the Chesapeake Ohio &
Southwestern Railroad Co. and affiliated Corpora
tions, and Terminal Properties, which have been
purchased by the Illinois Central RR. Co., and
pledged to secure $5,000,000 of its Four
Per Cent Two Year— Ten Year, Gold
Bonds issued, or contracted to be
issued, in payment therefor.
S ec u r it ie s .
C 0 . & 8. W. R R . Co m pa n y .......................
Second M ort. Bonds, b ein g a m ajo rity
of th e to ta l is s u e ..................................... $2,369,000
E q u ip m en t T ru s t Bonds, being a m a
470,000
jority of th e to ta l is s u e .......................
P referred Stock, being a m ajority of
3,511,600
th e to ta l i ssu e ........................ - - - - - - - C apital Stock, being a m ajo rity of the
t o t a l i s s u e .......................- - - - - - - - - - - - - • 5,714,200
673,950
Unpaid Coupons from 2d M ort. Bonds.
106,020
U npaid Coupons from E quip. Bonds
12 , 844,770 00
S h o r t Ro u t e R a il w a y T r a n s f e r C o .:
B ook Value.
$11,775 00
TllinoisiCentral RR. Co., Stock an d Scrip
Leased Line Stock, I. C. R. R. Co.
C St L .& N 0 . R R .C o .................
Dubuque & Sioux City RR. Co...............
Io w a Falls & Sioux City R R . Co............
Mississippi V alley Co ............................ .
Mississippi & T ennessee RR. Co............
Chicago & Springfield RR. Co.................
Mound City Ry. Co................................... M iscellaneous..............................................
$
00
00
00
00
00
00 $12,844.770 00
$50,000 00
15,000 00
F irs t M ortgage B o n d s ............................
C apital S to ck ..........; ..................................
65,000 00
$14,733,230 00
Claims .
In d eb ted n ess of C. O. & S.W. RR. Co....... $1,783,544
Ind eb ted n ess of S hort R oute By. T ran s
9.000
fe r Co..... ...... ......................................... .
In d eb ted n ess of Owensb. F alls of Rough
25.000
<&G reen R iver RR. C o ..................... .
7.000
In d eb ted n ess of T roy & T iptonv. RR.Co.
60.000
In d eb ted n ess of Ohio V alley R r . Co.......
42,767
Claim s of N ew port News & Miss. Vail. Co.
00
00
00
00
00
34
$1,927,311 34
T erm inal P r o p e r t ie s .
R eal E state and I nterests in R eal E state :
I n M emphis, T ennessee—.
O w nership of 31 p arcels of land.
I n E v an sv ille. In d ia n a —
O w nership of 37 parcels, in te re st in 17 p arcels of la u d a n d in te r
e st in a w arehouse.
I n L ouisville, K en tu ck y —
O w nership of 49 p arcels an d In te re s t in 46 p arcels of la n d . ______
ABSTRACT “ N;”—COMPARISON OF MONTHLY R E C E IPT S AND E X PE N S E S F R T H E YEARS ENDED
JU N E 30, 1894 AND 1893.
G ross R e c e ip t s .
i
1,789,735
1,908,856
2,170,816
2,668,343
1,872,067
1,730,319
1
88
44
34
57
76
42
$
1,449,566 37
1,591,016 88
1,7 6 2 ,8 2 3 ^ 0
1,878,110 32
1,709,130 90
1,803,712 91
Tot. first 6 mos. 12,140,139 41 10,194,360 68
Ja n u a ry ...........
F eb ru ary .........
M arch...............
A p ril................
M a y ..................
Ju n e ..................
1893.
1894.
$
$
1,546,594
1,4861035 82
1,428,809 62 1,452,193
1,489,847 33 1,667,130
1,347,425 03 1,542,998
1,427,870 36 1,739,507
1,337,336 21 1,952,405
Op e r a t io n E x p . & T a x e s .
1892.
1893.
1892.
1893.
J u ly ........ - ........
A ugust..............
Septem ber —
O ctober..........
N o v em b er.......
December.........
v 'l
53
75
96
27
19
31
$
1,258,331
1,286,273
1,354,324
1,482,966
1,313,304
1,185,284
55
28
98
44
81
82
$
1,243,604
1,267,265
1,211,216
1,254,750
1,187,116
1,167,283
1893.
N e t R e c e ip t s .
P er Gent
er Gent o f
Net Receipts Pthe
Tear’s
to Gross
Net
Receipts.
Receipts.
1
1893.14892.
$
531,404 33
57
622,583 16
55
8 1 6 ,4 9 1 3 6
37
84 1,185,377 13
558,762 95
12
545,034 60
38
1892.
I Ine. or Dec.
$
2 0 5 ,9 6 1 8 0
323,751 33
551,606 93
623,359 48
522,014 78
636,429 53
29-69 14-21
32-62 20-35
37-61 31-29
44-42 3 3 1 9
29-85 30-54
31-50 35-28
1892.
3-5545
89- 90 5-57
9-49
12-98
18-85 10-73
8-98
8-89
8-67 10-95
7,880,485 88 7,331,236 83 4,259,653 53 2,863,123 85 11,396,529 68 35 09 28-09 67-74 49-27
1894. 1893. 1894. 1893.
1893.
1894.
1893.
1894.
$
$
$
$
$
705
—63,515 97 23- 26-5030 5-51
346,299 60 409,815 57
1,139,736 22 1,1367778 96
5 1 565
+56,149 95 24- 20-5985 5355,220 76 299,070 81
1,073,588 86 1,153,122 94
8-6672
6-18
—80,654 78 28-36 30422,492 49 503,147 27
1,067,354 84 1,163,983 69
6-6035
424-87
20-29
—110,369
88
273,341 98 383,711 86
1,074,083 05 1,159,286 41
9-5395
5-83
374,048 07 553,616 67 —179,568 60 26-20 311,053,822 29 1,185,890 52
13-74
4-08
19-22
40-91
—541,778
89
256,991 42 798,770 31
1,080,344 79 1,153,635 00
6,488,930 05 6,952,697 52 2,028,394 32 2,948,132 49 —919,738 17 23-81 29-78 32-26 50-73
8,517,324 37 9,900,830 01
Total fo r Y ear.^20,657,463 78 20,095,190 69 14,369,415 93 14,283,934 35 6,288,047 85 5,811,256 34
Tot. la s t 6 mos.
$
+ 325,442 53
+298,831 83
+ 2 6 4,884 43
+ 562,017 65
+36,748 17
—91,394 93
1893.
+ 476,791 51 130-44 28-92 10000 100 00
COM PARATIVE STATEMENT OF M AINTENANCE OF WAY, 1884 TO Y E A R EN D ED JU N E 30, 1894.
Miles
of road
Year. a t end
of
Year.
I
MAINTENANCE OF W AY.
f
Mileage of
O ther
Cross Ties.
R epairs of
New R ails.
Total.
L abor on
Engines.
Item s.
----------------------------- Bridges.
Track.
No.
j
A
m
ount.
A
m
ount.
No. Tons.
10,121,434
$1,2(5,348
66
$107,236
13
$93,446 25 462,665 $154,083 19 $173,831 23
$706,751
86 6.842-73 to n s
35
88,126 28 1,266,134 50 11,227,043
87,331 95 508,756 176,835 69 164,586 39
749,254
39 8,747*31 “
35
11,619,353
1,179,429
72
63,976
69
172,144
65
174,515
72
492,624
63,'38 84
705,553 82 6,376-4« “
61,441 88 1,349,779 99 13,557,308
79,917 84 573,898 197.989 47 250.337 47
760,093 33 6.093-66 “
80 14,857,05
106,372 94 654,141 214,130 73 310,908 42 115,898 04 1,595,116
847,806 67 8,172-36 -‘
796,460 12 7,334,8(5
105,682 10 111.226 07 130,349 18
44,517 53 336,611
404,685
24 3.254-01 “
69
17,242,528
827,297 67 759,955 247,56142 3o0.2òl 48 204,505 49 2,196,22176
1,086,595
70 23.998-79 “
18
317,574 47 2,472,535 53 20,018,384
185,538 91 1,247,924 414,5 '8 06 421,45417
1,133,439
62 14,189-86 “
18
20.775.93i2,793,512
74
1
464,444
83
527,033
01
377,223
23
1,135,934
197.033
46
l
\
881-08
“
1,227,778
1<
30
86 21,289,842
137,448 90 929,297 812,108 16 531,412 94 884,233 77 2,464,316
1,097,113 Oft 9.664-92 “
184,586 44 1,201,710 330,639 73 282,685 74 1 384,469 38 2,192,329 79 20,195,318
1,009,948 50 15,590-99 "
1884 2.0661885 2.0661886 2,149-07
1887 2,355*12
1888 2,552-65
*1889 2.874188+90 2.8751890-91 2.8751891-92 2.8881892- 93 2.888- 80
1893-94 12,888-30
L. * F irst six m onths o f 1889.
Repairs of
of Buildings
and
Expense Repairs
Fences.
W ater
per m ile
W orks.
ru n by
Engines.
12-20 cts. $21,394 71 $91,122 03
21,932
94,518 19
1127
cts. 48
26,663 91 123,519 83
10-15 cts.
31,4-05
995 cts.46 129,526 76
40,423
1074
CtS. 39 170,0 (3 85
55,512 68
12,208 79
10"85 cts.
42.857
1273 cts. 25 183,426 33
58,132 10 204,161 06
12-35 cts.
243,633
15
44,642
75
13*44 Cts.
33,680 2 203,952 14
11-56 Cts.
42,116
1085
cts. 60 227,752 95
COM PARATIVE STATEMENT OF R E C E IPT S FO R YEARS E N D ED JU N E 30, 1894 AND 1893.
Y ea r
ended
1894.
F re ig h t__
Passenger.
MaU.
E x p ress........ .
— ................................-......................
Exdess B aggage..... .......................................................... - ■
T ran sp o rtatio n of M ilk.....................................................
T ra in P riv ileg es........................ .........................................
P arlo r C a rs........................ .......................... - ..........- - - —
R e n t of P ro p e rty ....... ............... - — ----- - - - .....................
R ent oi T rack s....................................................................
T e le g ra p h ......................... ..................................................
D em u rra g e............................................................... —
Storage, Dockage, an d C airo W harf B o a t . . . . ............
Team Scale F e e s....................... Sag..........................
S w i t c h i n g . . . . . . . . . . i .................. .........................—. . . —
Com pressing C o tto n .. . . . . . .......................... - ................
R ailroad H o tel a n d E a tin g H ouses..............................
In ter-S tate T ran sfer, a n d R eceipts over o th er lines.
T otal ......................................... .......................................... .......................... .
J u n e 30 t h .
Increase.
1893.
P er O entot
Increase ofl Decrease.
Decreasdfy
$12,253, 612 08 $12,781,201 03
5,151,398 02 $965,205 31
6,116, 603 33
7,955 82
523,041 82
530, 997 64
90,815 29
400,031 85
490, 847 14
66,172 79
62, 868 70
4,755 52
73,770 68
78, 526 20
5,861 75
21,098 66
26, 960 41
8,037 11
8 ,037 11
73,652 76
146,051 26
219, 704 02
15,482 05
231.909 70
247, 391 75
6,961 63
6 ,596 92
14,724 29
10, ,283 64
2,029 84
6,506 81
8 ,,536 65
1,478 10
1 ,,227 65
101.909 26
92i ,957 96
5,116 65
11,909 44
17 ,026 09
1,121 47
52,117 25
53 ,238 72
504,908 10
432 ,047 77
413
18-74
1-52
22-70
4-99
6-45
27-78
$20,657x483 78 $20,095,190 69 $562,273 09
2-80
$527,588 95
3,304 09
50-43
6-68
5*24
303116-94
8-78
42-96
2-15
14-43
364
164,440
20
250
8,951
71
65
45
30
72,860 33
560
THE CHRONICLE.
COM PARATIVE STATEM ENT O F OPERATION E X PE N S E S
[Votl, ux.
FO B T H E Y EA RS E N D ED JU N E
30, 1894 AND 1893
Y e a r E n d e d J une 30 th .
1894.
M ain ten an ce of W ay an d S tru c tu re s................
M ain ten an ce of E q u ip m e n t...............................
P asse n g e r T rain E x p en ses..................................
F re ig h t T rain E x p e n se s......................................
S ta tio n E x p en ses.............................................
T eleg rap h E x p e n s e s ..............* ........................I
C laim s an d D am ag es....... ....................................
T ra c k Service a n d S w itching............... ........
M ileage of C ars (balance)...................................,
S ta tio n e ry an d P rin tin g ......................................
O u tsid e A gencies....................................................
A d v e r tis in g ............................................................
S a la rie s of Officers...............................................
S a la rie s of C lerk s..................................................
G en eral Office E x p en ses an d Supplies............ .
L eg al E x p e n se s.......................................................
In s u ra n c e .......... ......................................................
P ro p o rtio n of St. Charles A ir L ine E x p e n se s..
O p e ra tin g M ound City R a ilw a y ........................
P ro p o rtio n of B elt L ine E x p en ses (Memphis)
R a ilro ad H o tel an d E a tin g H ouses E xpenses.
C om pressing C o tto n ............................................
R e p airs an d R enew als of T ran sfe r S te a m e rs..
G en eral E x p en ses.......... ......... ................... . . . . . .
T
$2,462,199 34
2,443,655 84
1,289,546 20
2,538,372 44
1,951,609 77
205.443 25
603,194 61
95,506 92
283,025 45
189,222 21
175.443 15
65,888 49
163,381 90
306,407 46
113,292 62
120,134 98
79,460 03
9,621 04
2,221 70
1,742 10
48,080 85
15,020 47
35,781 09
96,404 59
o t a l . ...................................................
Per C entof
Increase or
Decrease.
Increase.
1893.
$2,699,949 52
2,112,976 58 $330,679 26
1,183,437 34 106,108 86
2,882,872 29
1,971,007 12
221,439 36
421,991 27 181,203 34
117,324 02
356,749 42
168,466 84
20,755 37
176,173 12
47,605 40
18,283 09
178,592 89
291,520 81
14,886 65
7 6 ,1 3 1 1 0
37,161 52
131,428 68
63,618 78
15,841 25
7,640 79
1,980 25
2,143 92
77 78
1,830 25
49,262 64
11,946 82
3,073 65
35,781 09
84,928 99
11,475 60
$13,294,656 5(> $13,259,037 95
8-81
15-65
8-97
11**8
Decrease.
$237,750 18=
7- 22
42-94
18-60
20-67
12•41
38-41
85-11
4-88
8-59
2425342-40
25-73
95
344,499
85
19,397 35
15,996 11
21,81710'
73,723 97
32
729 97
Ì 552,2 Ì0 93
11,293 70
90
92
63
82 88 15
1,181 79=
Ì3 -5 Ì'
$35,618 55
-27
NEW YO R K O N TA R IO & W ESTER N R A IL ended June 30th, 1893, and June 30th, 1892, are classified
for your information, as follows:
WAY COM PAN Y.
1894.
1893.
1892.
FIFTEENTH ANNUAL REPORT — FOR THE
YEAR ENDING JUNE 30, 1894.
T h rough F re ig h t.................
$226,291 55
662,807 39
.......................................
354,037 94
Coa l-Vl--................................ 1,753,874 34
41,118 06
M iscellaneous...........
FISCAL L oca1 F re ig h t.....................
$347,246 26
6 8 8 ,5 7 1 8 1
347,359 54
1,436,539 53
36,595 20
$355,299 89*
671,595 23
302;693-85
1,126,456 77
35,827 88
T o ta l............................. $3,038,129 28 $2,856,312 34
$2,491,875 62.
N ew Y ork, September 24, 1894.
Following the form adopted in the last year’s report, a.
To the Stockholders :
I^ behalf of the Board of Directors, I beg leave to submit comparison with earnings of former years is submitted :
E a rn in g s Operating Exthe following report of operations for the fiscal year ended
Y ear ending penses a n d
Net
June 30, 1894, compared with the receipts and disbursements
J u n e 30.
Taxeg.
Revenue.
Charges.
Surplus.
of the preceding year :
$
$
$
$
$
1 8 9 0 ..
1 8 9 1 ..
r e c e ip t s .
P a sse n g e rs..................................
.........- ----.......................................
M ail, E x p ress, e tc .............................
M isc e lla n e o u s...........................................
1894.
$679,149
2,997,011
124 841
41,118
14
22
21
06
T o ta l: ........................ -......................... $3,842,119 63
1893.
$725,470
2,819,717
106,390
36,595
89
14
69
20
$3,688,173 92
T o ta l.........................................
$2,627,879 21
? a x e s ...........................................................
104,660 95
fcT o ta l O p eratin g E x p e n s e s * Taxes. $2,732,540 16
1893.
$822,880
889,646
252,114
465,163
115,018
152,960
$2,697,783 36
100,442 26
$2,798,225 62
R e t E a r n in g s ..................... ....................... $1,109,579 47
In te re s t, R e n ta ls an d C h arges..............
690,012 89
$889,948 30
633,095 79
S u rp lu s ............................... ........................
$256,852 51
$419,566 58
In view of attention recently given to the subject of the in
dependent audit of accounts of railway corporations, you are
reminded that since 1886 the statements and accounts of your
Company have been regularly audited by Messrs Barrow.
WRde, Guthrie & Co., Public Acountants, of No. 120 Broad
way, New York, and the certificate of that firm to the accu
racy of the accounts for the last fiscal year is herewith pre
sented by the Secretary and Treasurer.
The adoption of this plan has not only proved acceptable to
jour Board of Directors and Officers, but has been commend
ed by many of the share owners, as well as by the public press.
Your Officers and Directors, moreover, desire to have it dis
tinctly understood that they will at all times be pleased to
supplement the usual annual, quarterly, monthly and weekly
published statements and reports with such additional details
and information concerning the accounts and operations of
the Company as may be desired by stockholders of record or
any owner of your Company’s bonds.
There was received from local passengers $557,870 08, com
pared with $574,509 97 in the preceding fiscal year; from
th5ough passengcra and immigrants $121,279 06, compared
with $150,960 92; and from mails and express $124,841 21
against $106,390 69 in 1893.
V
The through passenger traffic last summer was stimulated
by the Worlds Fair at Chicago, large numbers of excursion
ists having been carried at exceedingly low rates, and these,
replaced almost entirely the usual through rates, and seri
ously affected the immigrant business.
The local passenger traffic was also affected by the financial
panic and by reason of the low through rates, which induced
people to vis'it Chicago and other more distant places.
^ Freight f traffic receipts, compared with the fiscal years
.X
Passengers
carried.
„’
50
29
02
79
43
33
432,403 58 2 8 5 ,9 6 1 6 7 146,44191
654,330 00 553,890 68 100,439 32
In connection with the revenue statements for five years,
the following summary of passengers and freight traffic, cov
ering the same period, will doubtless be interesting
OPERATING EXPENSES.
C o n d u ctin g T ra n s p o rta tio n ......................... $810?185 48
M o tiv e P o w e r ., ..............................................
832,455 21
229 856 89
M a in te n an ce of C a rs...............................
M ain ten an ce of W a y ......................
490 015 44
G en eral E x p en ses...................................114 470 54
M iscellaneous E x p en ses................................
150,895 65
2.20° ,446 OH 1,768,042 43
2.809.702 ! 6 2 ,1 55,37216
1890.............. 827,766
1 8 9 1 . . . .........1,008,215
18 9 2
....1,060,383
1893
....1,0 57,815
... 926,657
18 9 4
C arried
one m ile.
32,142,497
36,0 11,439
37,006,885
40,358,702
36,918,802
Tons o f
fre ig h t.
1,2 57 ,19 9
1,737,0 59
2,085,769
2,291,430 .
2,404,358
C arried
one mile.
114,554,570*
194,897,759263,839,116
294,636,53 3 328,533’616.
From the foregoing tabulated statement it will be seen that
local freight receipts were $682,807 39. compared with $688,571 81 for the fiscal year ended June 30th, 1893, a decrease of
$25,764 42, and through freight earnings were $326,291 55,,
against $347,246 26 in the preceding year, a decrease of $120,954 71. Through freight rates were so low that it was thought
no substantial advantage was to bs derived by competing
for that business. Local freight traffic, like passenger travel,,
felt the effects of the serious financial depression which con
tinued throughout the year.
The earnings from milk show an increase of $6,678 40.
The milk traffic on your line has continued to increase
gradually each year, as below :
Tons o f M ilk
Carried.
Year en d in g J u n e
30 /18 90 ........... ................. 34,853
“ 1 8 9 1 .........................
39,125
“ 18 9 2 ................................. 48,403
“ 18 9 3 ................................ 54,521
“ 1 8 9 4 . . . . . . . . .................. '55,729
Revenue.
$233,116 1 5
250,686 01
302,695 85
347,359 54
354,037 94
This source of revenue has been very carefullv guarded and
wisely expanded, until milk is now carried to New York from
varipus places nearly three hundred miles distant, and as op
portunity offers and the demand increases new territory should
be opened up t y the extension of branch lines, or the con
struction of new branches as feeders to the main line.
Since the opening of the Scranton Division (June 30th,.
1890), the anturacite coal tonnage, including coal received
from the Delaware & Hudson Canal Company at Sidney, has
been increased as follows :
Y ear ending J u n e 3 0 ,1 8 9 1 .......................
“
“
“
“
1 8 9 2 ........ .............
18 9 3 .........
18 9 4.......................
Tons.
8 11,4 85
1,12 0 ,4 16
1,352,225
1,642,063
Revenue.
$782,218 29
1,12 6 ,4 5 6 77
1,436,539 531,75 3 ,8 74 34
The revenue derived from auth racite coal traffic for the
year ended June 30th, 1894, was $317,334 81 greater than in
the preceding fiscal year.
The ability of your Company to successfully handle and dis
tribute this large tonnage has been fully demonstrated. At
Weehawken its capacity has been considerably augmented by
the erection of ah additional trestle and re-arrangemeht|of
tracks at that point, under an agr eement with the West Shore
SEPTEMBER
29, 1594. J
THE CHRONICLE.
Railroad. Cornwall-on-the-Hudson, where you own a large
plant, is an excellent distributing point for river and tide
water markets. At Utica a large tonnage is sent northward
over the Rome Watertown & Ogdensburg division of the
New York Central system, and at Oaeida facilities have been
provided for loading New York Central Railroad and other
box cars for the Western markets. Oswego has proved to be
a c o n v e n ie n t and important shipping port for markets reached
via the lakes.
The total number of tons shipped from Oswego (not includ
ing the Delaware & Hudson Canal Company’s tonnage) for
four years was as follows:
Year ending J u n e 30, 1891......... ........................................... 33,856 Tons,
“
“ 1 8 9 2 , . . . , . . ..................
89,888
“
« ...
« 1893 .........
117,073 If:
“ “ 1 8 9 4 ,..............
159,967
“
Plans are now being considered for rebuilding the old Os
wego trestle, thereby increasing its capacity, so that the ton
nage of the Delaware & Hudson Canal Company, shipped
from that place, may be handled over a separata trestle.
In connection with the anthracite coal traffic, the operations
of the Ontario Carbondale & Scranton Company, submitted
separately, will doubtless be acceptable to you.
Your Company owns all of the stock of that Cbmpany and
also its bonds, both of which have been deposited with the
Mercantile Trust Company, Trustee, as additional security for
the four per cent refunding gold bonds of the New York
Ontario &Western Railway Company, which in 1890 entered
into a formal agreement to lease the railway of the Scranton
Company at an annual rental of $75,000 and five per cent of
gross receipts, besides an annual allowance of $8,000 for main
taining the separate corporate existence of that Company.
Allowing the Scranton Company its proportion of earnings,
based upon its actual mileage, the earnings and expenses of the
Scranton Company for the fiscal year ended June 30th, 1894,
were as hereunder given:
Earnings.......... 1......... ........................................ ......................... $508,714 55
Expenses an d ta x e s — . ..................................................... ......... 320,356 84
B alan ce................ ........ .............................................................. $188,357 71
Rental............... ............................................• ............$75,000 00
Five per cent of gross re c e ip ts ........................... 25,435 72
M aintenance of o rg a n iz a tio n ..... . ......................... 3,000 00
----------------- 103,435 72
Ret income
561
The number of coal cars in service is 4,637, Of these
3,850 have been acquired since the Scranton extension
was undertaken in 1889. The Company now owns 3,287
coal cars and 1,350 cars are held under lease. Eight hun
dred and fifty cars under the lease of 1891, having cost
$472,328 80, of which amount $241,726 10 has already
been paid, leaving a balance to be paid within the
next four years of $230,600 70. In December, 1893, 500*
coal cars were purchased from the Michigan Peninsula
Car Company at an extremely low price ; $20,000 was paid as
the cars were delivered, and under an arrangement with theNew York Guaranty & Indemnity Company, $200,000 wasborrowed to pay the balance due, at five per cent annual in
terest, without other costs or commissions. In addition to a.
lien upon these cars, $200,000 four per cent refunding bonds
were deposited as additional security, to be returned as the
cars are paid for. By offering ample security for the money1
borrowed, the rate of interest was made lower than is usually
the case with car trust obligations. The amount thus bor
rowed from the New York Guaranty & Indemnity Company
is to be repaid in twenty quarterly instalments of ten thou
sand dollars each, and the first of such payments was madewitbin the fiscal year.
Referring to the statement of capital expenditures, I would1
call attention to the fact that money has not been expended
during the year for extensions, but for additional equipment,,
replacing old bridges which had reached the limit of safe
operation with substantial steel structures, new side-tracks
and improvement of tracks already in existence, and also for
the enlargement and betterment of terminals. A considera
ble amount of such work has been done from the standpoint
of economy. To keep expenses at a minimum it is necessary
that the facilities and accommodations should be such as toenable a road to do the greatest possible amount of work on
every mile of its track. In connection with this subject I
would also call your attention to a statement for five years
past showing the gross earnings per mile of road operated,
expenses and taxes per mile, and net earnings per mile.
Gross E a rn in g s
P er Mile.
1 8 9 0 .. . ...................................... $5,188 26
1891............................................ 5,893 20
6,849 04
1 8 9 2 ..
. . . ............
1 8 9 3 ............................................ 7,735 75
1894..............
8,058 64
Expenses N et E a rn in g s
a n a Taxes.
P er Mile.
$4,168 73
$1,019 53
4,520 78
1,372 42P
5 ,1 6 2 1 0
1 ,6 8 6 9 4
5,869 13
1,866 62:
5 ,7 3 1 3 6
2,327 28;
During the year the State of New York selected, through
The net income, derived as above stated, is but a small part its Fish Commissioners, a site for a fish hatchery near Rock
of the revenues received through the construction of the land, a station on your Company’s main line in Sullivan
Scranton line, as a large and profitable coal traffic is delivered County. It is said that the supply and quality of water and
to your Company at Hancock Junction to be distributed over the temperature of the same fully meet all requirements,
its main line and branches in either direction.
and it is thought that the most advantageous results will fol
There are twelve coal breakers which contribute tonnage low the establishment of a hatchery at that point.
to the Scranton Division; These all belong to independent
The State authorities have also purchased a site at Napa
operators, to some of whom your Company, as you have noch, in Ulster County, as the location for a new State Re
been advised, has made advances which are secured by mort formatory, which will cost a large amount of money, and to
gage upon breakers and improvements. The amount of these and from which there is likely to be a good deal of travel and
advances at June 30th, 1893, was $614,148 51. During the traffic. Plans are being prepared for the buildings, and it is
year a new mortgage was taken on the property and improve claimed that this will be one of the most extensive and import
ments of the West Ridge Coal Company for $120,000, and the ant State institutions in the country. Napanoch is a village
transportation of all coal from its colliery was secured to the about three miles distant from Ellenville, tne terminus of your
Railway Company by contract. The principal of the loan, Company’s Ellenville branch. A careful survey is being madewith six per cent annual interest, is to be repaid at the rate- with a view to extending the Ellenville branch, which is eight
of twenty-five cents per ton on prepared sizes and one-half m iles in length, some distance further down the Rondout
that rate on smaller sizes of all coal mined by the West Ridge Valley. Itis thought that in addition to the Reformatory busiCompany, with a minimum guarantee of one hundred and ness.a profitable milk territory may be opened up and additional!
fifty thousand tons per annum, after the first year.
facilities afforded for the large and increasing summer resort
Within the last fiscal year, $60,892 01 was received in inter travel. Provided the required rights of way can be secured
est and on account of the principal of such loans. Balance on favorable terms, or shall be donated by property-owners
due the Railway Company June 30, 1894, including interest to who would be benefited by the extension of this branch, it isthat date, $742,479 55.
probable that it would be profitable to extend the Ellenville
Briefly, therefore, the result of the year’s operations for the branch beyond the Reformatory site as proposed. Tbe Gov
entire system was a decrease of $46,321 75 in all branches of ernor of the state received the Company’s assurance that the
passenger traffic; mail, express and miscellaneous receipts in branch would at least be extended to the Reformatory sitecreased $22,973 38, leaving a net decrease of $23,348 37 in earn before the location at Napanoch was selected.
ings from passenger trains and in miscellaneous receipts.
As stated in this and former Annual Reports, your DirectorsLocal and through freight receipts decreased $146,719 13, while and Officers have thought that your best interests were subearnings from milk [and coal increased $324,013 21, entirely : served by them in the nurture and development of local1
offsetting the loss of revenue from other branches of traffic traffic.
and leaving an increase in gross earnings for the year of
The increase during the past few years in earnings from1
$153,945 71 over the year ended June 30, 189-3.
local summer travel, milk traffic and anthracite coal business,,
Notwithstanding the financial stringency, coal miners’ and it may be claimed, has fully justified this policy.
other strikes and business disturbances of the last fiscal year,
The introduction to the 108th Volume of the New York City
your company is able to present for your consideration a state Directory, recently issued, says:
ment which is, in several respects, both gratifying and en
‘‘The present volume contains 387,411 names. This on a
couraging. While the gross earnings have continued to in basis of five to one, which we deem a fair ratio, would show'
crease in the face of these adverse conditions, the surplus has that this City contains 1,937,055 inhabitants, and these reside
also been increased from $256,852 51 to $419,566 58, or more or do business within forty-one square miles, while the names
than 63 per cent,
represented in the Chicago Directory spread over 185 square
A new iron viaduct has been constructed over Lyon Brook, miles, wPhiladelphia 129 square miles, St. Louis 62}£ square^
m£ar Norwich, to replace a lightiron structure erected in 1870. miles.
Three thousand tons of steel rails, weighing seventy-six
“One hundred and eighty-five square miles in this vicinity,,
pounds to the yard, have been laid at various points during with the Central Park as the central point, would show a
the past year, and the greater part of the main line between population exceeding 4,000,000, and all the inhabitants of that
Lornwali and Rockland is now laid with heavy steel, either section, so far as business and social relations are concerned,
sixty-seven or seventy-six pounds to the yard.
are as much a part of the population of this City as are those-Other improvements have been made, which are referred to residing within the City limits.”
m detail in the report of the General Manager, to which your
The population of New York has grown in a phenomenal"
attention is called.
manner during the last half century. In 1830 it was 202,000;.
Your Company owns 133 locomotives, sixty-seven of which | in 1860 it was 1,206,500; in 1892 it was (State enumeration)»
have been purchased within five years, and the general con-1 ¡1,800,891.
dition °f the motive power has been brought to an exception- I According to the revised edition of “ King’s Hand-Book of
aMy high standard.
r New York,” there are in this City 25,399 factories, giving em-<
562
THE CHRONICLE.
ploy men t to 350,000 persons, who make every year $765,000,000
worth of goods, of which clothing, books, papers, cigars and
pianos constitute the largest amount, and the commercial
exports amount annually to more than $460,000,000.
When it is remembered that in 1880 the population of New
York and the neighboring city of Brooklyn, with the imme
diate vicinity, was under 300,000, it would appear reasonable
to assume that the traffic and earning power of railways hav
ing termini at New York will increase in volume somewhat in
proportion to the growth of that terminus. Having this
«elf-evident fact in view, your directors and officers
have, as stated, believed that their time and at
tention could best be devoted to the development of
local traffic in the shape of milk, butter, fruits and other
farm and garden products, and to the anthracite coal trade,
which may also be classed, to a very considerable extent,
w ith local traffic; also to the growing summer tourist, fishing,
sporting and boarding-house and hotel business of this vast
and rapidly increasing population. These sources of revenue
have had the constant and energetic attention of the General
fr e ig h t and Passenger Agent, and it is confidently believed
that the revenues of the Company in the directions indicated
will grow from year to year, as its lines are well situated and
adapted for active participation in these branches of local
«business.
Under the agreement dated January 18th, 1888, between the
N ew York Ontario Sc Western Railway Company, the New
York Central & Hudson River Railroad Company and West
Shore Railroad, your Company has the right until the 12th
day of May, 2079, to run its passenger and freight trains be
tween Cornwall and Weehaw ken. Therefore for a period of
one hundred and eighty-five years from the present time a
»terminus at New York Harbor is assured to it. Your terminal
property on the Hudson River at Cornwall is also likely to
increase each year in value and importance.
It is proper to state that the relations of your Company with
the New York Central and West Shore Companies have been
•cordial and harmonious. Difficulties and dissensions are
likely to arise, at frequent intervals, between two railway
companies operating over the same track and using the same
terminals; but in this instance there has been but little fric
tion between the two Companies, which have continued,
under the existing contract, to use the same track south of
Cornwall, and the Weehawken terminals, for a period of
nearly nine years.
The comparatively favorable results of the year’s opera
tions are largely owing to the enforcement of the most rigid
•economy in all department. In these efforts the executive
officers have not only had the earnest co-operation of all offi
cials and employees, but the General Manager has labored
•diligently and incessantly to curtail every possible item of ex
penditure, and has succeeded, with the assistance of the Gen
eral Superintendent, Superintendent of Motive Power and
Chief Engineer, in maintaining a high standard of efficiency
while satisfactorily decreasing the cost of operating the line.
Much attention has also been given to the vital question of
loading cars and in filling out trains with the maximum num
ber of cars per train.
Your employees deserve commendation for faithful atten
tion to their duties and for the sincere interest they have at
all times taken in the success and welfare of the company.
In behalf of the Board,
THOMAS P. FOWLER,
President.
—At the request of the holders of over $3,000,000 of the 4
per cent consolidated mortgage bonds of the St. Louis & San
Francisco Railway Company. Messrs. Francis Peabody, Jr , of
Boston, J. Kennedy Tod and Frederick W. Whitridge, of this
city, will serve as a committee to protect those bonds which,
though guaranteed by the Atchison Topeka & Santa Fe Rail
road Company, are in default, They have prepared a bond
holders’ agreement, which has been filed with the American
Loan Sc Trust Company of Boston and the Manhattan Trust
Company of this city. All bondholders are invited to par
ticipate in this movement. They can obtain copies of the
Agreement and all desired information from the trust com
panies mentioned or from members of the committee.
—The committee representing the holders of the 5 per cent
consols and the 5 per cent collateral trust bonds of the Ore
gon Short Line & Utah Northern Railway Co. urge the imme
diate deposit of all bonds for engraved negotiable receipts,
which are now ready to issue. They say that in view of the
probable severance of all relations with the Union Pacific,it is
very important to secure united action by all the bondholders
to protect their interests, and to have them represented by an
independent committee. Holders can deposit their bonds
with the American Loan Sc Trust Co., Boston, and the New
York Guaranty & Indemnity Co., New York. Application
will be made to list the negotiable receipts on the New York
Stock Exchange.
—The first mortgage bondholders’ committee of the St.
Joseph Sc Grand Island Railroad announces that more than a
majority of the bonds have been deposited with the Central
Trusty Company of New York, and tnat the engraved certifi
cates issued by the Trust Company in exchange for the same
have been listed on the New York Stock Exchange. Deposits
w ill be received until further notice upon payment of a pen
alty of 1 per cent.
fVoL. L1X,
N ASHVILLE C H A T T A N O O G A & S T . LOUIS
R A ILW AY.»
FORTY-THIRD ANNUAL REPORT, FOR THE ¡YEAR
ENDING JUNE 30, 1894.
N a s h v i l l e , T e n n ., July 1, 1894.
To the.Stockholders:
The Forty-third A.nnual Report of the Nashville Chattanooga
Sc St. Louis Railway for the fiscal year ending June 30, 1894
is herewith submitted :
M ILEAGE.
M ain L i n e ............................ ............................ ............ . . . . . i , . 320-21 miles
M cM innville. ....................
69*06 miles
86*47 miles
F ay ettev ille & Colum bia....... ... ................................
H untsville & G adsden ....................
80*21 miles
L ebanon........... ......................
29*21 miles
T racy C i t y .............. ....................................................................... 20 73 miles
66*49 miles
Sequatchie V alley............ ................ - ................................... .
C en trev ille..............................................
61*88 miles
Shelby v i l l e ......................................................................................
8*01 miles
W est N ashville.........................................
5*00 miles
W estern & A tlantio R ailroad (L eased)..................................... 136*82 miles
T o ta l....................... ................................... '*.............................. 884 09 miles
There was put in ooeration during the year 76 69 miles
additional road, viz.: From Huntsville to the Tennessee River,
15*89 miles; from Guntersville to Gadsden, 37*63 miles; the
Sequatchie Valiev Branch, 3'14 miles; McMinnville Branch, *78
miles; the West Nashville Branch, 1*8 miles, and the Centreville
Branch, from Ktmmins to Allen’s Creek, 17*45 miles. From
re-measurements of the line a reduction of 2 60 miles was
made, leaving the net increase 74*09 miles over the mileage
reported July 1, 1893.
FINANCIAL.
FU N D E D D EBT.
T he B onded D ebt as p er la s t re p o rt w a s ............................... $14,783,000
F irs t Consolidated Five P er Cent Bonds h av e been issued
fo r th e change of gauge au d im provem ent of 17*45 m iles
of th e C entreville e x te n s io n ................................................ .
140,000
20,000
In lieu of T racy City Bonds redeem ed .. ............................
In lieu of D uck R iver Valley B onds redeem ed. ...................
2,000
T o t a l ............ ............................ : .................. .........................$14,945,000
T here h av e b een redeem ed:
T racy City B rauch Six P e r C ent B o n d s.................$20.000
D u c k R iver V alley R ailroad B o n d s........................
2,000—
22,000
L eaving th e F u n d ed D ebt th is d a te
...............
$14,923,000
The $100,000 First Consolidated Mortgage Bonds in the
Treasury as per last report have been sold, aud the $163,000
issued during the present fiscal year are held by the Company.
G EN ER A L RESULTS.
GKOSS EA RN IN G S.
P assenger
F re ig h t__
M a ll.........
E x p re ss ..
R en ts . . . .
............................... $1,027,326 86
.............................. 3,126,725 06
....................
144,234 06
.............................
64,315 01
.............................
159,060 86— $4,521,661 85
O F E R ATINO E X P E N S E S .
d m
$462,210 81
297,059 95
1,417,980 19
493,928 42— 2,671,179 37
M aintenance of W a y ............
M aintenance of E q uipm ent..
C onducting T ran sp o rtatio n .
G eneral E x p e n se s ................. .
$1,850,482 48
N et E a rn in g s............ ......... ..................
„ D educting charges a g ain st in c o m e :
In te re s t.............. ........................... - .............
T a x e s...........................- ............. * — -■ — •
Im p ro v em en ts............................. . — ---•
R e n ta l W estern & A tlantic R ailroad . . .
$902,890 00
119,681 27
25,537 24
420,012 00— 1,468,120 51
S u rp lu s................... ................................D iv id e n d s ......................................................
$382,361 97
250,000 00
$132,361 97
L eaving b a la n c e .......................
To this should be added:
32,071 67
B alance as p e r la s t r e p o rt.........................
100 1 st Consolidated. M ortgage 5 per
ce n t bonds so ld .........................................
Dividends on stocks an d b o nds. . . . . . . . . .
D ecrease In road an d shop su p p lies.......
In cre ase in liab ilitie s....... ................... .
33,443 24
48,244 74
120,764 87
T o ta l.........................................................
$466,886 49
100,000 00
Which is accounted fo r:
C onstruction a n d e x te n s io n s ..................
In cre ase in c u rre n t a s se ts..........................
A dvanced to th e W est’n & A tlantio RR.
T racy City B o n d s .......................................
B a la n ce.................
$347,681 64
42,477 28
23,855 49
20,000 00 -
— ................ .
COMPARISON.
433,01141
$33,872 08
The following statement shows the operations of the road
for the year ending June 30, 1894, as compared with the pre
vious year:
-Year end. J u n e 30, ’94- s—Year end. J u n e 30, ’93.$
$
5,131,779 24
G ross e a r n in g s ...4,521,661 85
3,139,405 03
Oper, e x p e n s e s ...2,671,179 37
N et e a r n i n g s .......
1,850,482 48
In t. on bond, d e b t 902,890 00
T ax es...................... 119,681 27
R e n ta l W.&A. RR. 420,O H 00
Im p ro v e m e n ts....
25,537 24 1,468,120 51
S u r p l u s ........
h
1,992,374 21
891,915 00
120,415 52
420,012 00
51,354 97 1,483,697 49
3 8 2 ,3 6 1 9 7
508,676 72
The earnings and expenses per mile for the past four years
have been:
1890-91.
1891-92.
1892-93.
G ross e a r n in g s. . . . . . . . . . . . . $6,048 01 $6,609 00 $6,335 53
O perating expenses . . . . . . . 3,563 99 4,104 06
3,875 81.
1893-94.
2£*
3,018 23
N ot ea rn in g s...............$ 2 ,4 8 4 0 2 $2,504 94 $4,459 72 $2,090 94
os
Septe m b er
THE CHRONICLE.
29, 1894.J
T h e g ro ss e a r n in g s p e r M ile f o r t h e p a s t n i n e y e a r s h a v e
been:
JS IS S q.............. ...................................................................... .
1888-89
.............. ..........— .........................................
188990 * " . I . ............. ................................. ......................
1890-91
....................................................... .........
4,756
5,077
5,445
6,048
39
17
49
01
i l i i - I i : : : : . ; : : : , ....... ...—
—
....................................22
T he p ro p o rtio n o f o p e r a t i n g e x p e n s e s t o r e c e ip ts f o r t h e
sam e p e rio d w a s :
1QaKOfi
................................. ................................. 60-40 p e r ce n t
i f 07 .............. ..................... ..................... ........ ................ 56-90 p e r cen t
1887 88 ....... ... * ...................................................................5 7 -2 5 p e r cen t
laaa 89 ............ ...
................ .................................................5 9 1 3 per cen t
1889 90
........... ............................ ......................... 60-27 p er cen t
i f q n . g i .................; ............. ......... ............................ ................ 58-93 p er ce n t
1891 9 ° ............ ................................ ............................................62-09 p er c e r t
1 8 9 2 - 9 3 ....... ................... ....................-.................. ~ - £ i ' H p e r ceni
T h e t r a i n m ile a g e f o r t h e y e a r w a s :
Passenger .................................. - .............................. ....................... i ’aoq
Mixed......................... .............................................................................
Construction................................................................1.................. - - ®
Sw itching......................................................... - .................................... 701, o82
Total.......................... .......................... .............. .................... . - .4,091,313
T he e a r n in g s p e r t r a i n m ile w e r e :
F re ig h t............................................................... - ........................... ............. £8
EQUIPM ENT.
T he C o m p a n y o w n s 161 e n g in e s , a l l i n r u n n i n g o r d e r ; 68
w ere th o r o u g h ly o v e r h a u l e d d u r i n g t h e y e a r .
T he e n g in e m ile a g e f o r t h e y e a r w a s 4,091,313 m ile s , a g a i n s t
4,605,202 m ile s f o r t h e y e a r p r e c e d in g ,
T he c o st p e r t r a i n m ile h a s b e e n :
. Cents•
For repairs..... ...........................................-.......... ......... ............—
2-74
For engineer an d firem en......... .
— .............................................. 7-05
For w ater su p p ly................... ................. -............... -.................................
"49
For w atching an d w iping................................. 1......................................
-24
F o rsto res....... .............. ................................. -................. ............. . . . . . .
*98
For f u e l........................................- ............................................................... 6 ‘67
563
TRESTLES,
T h e r e h a v e b e e n r e - b u i l t 7,370 f e e t o f n e w t r e s tle s , 2 4 ,4 8 4
f e e t o f c e d a r p ile s h a v e b e e n d r i v e n a n d 3,067 f e e t o f tre s tle s ,
f ille d w i t h e m b a n k m e n t .
CENTREV ILLE BR A N C H .
P r e p a r a ti o n s f o r c h a n g i n g t h e g a u g e o f t h e C e n tr e v ille
B r a n c h h a v e b e e n g o iu g o n f o r s e v e r a l y e a r s , a n d a l l n e c e s
s a r y w o r k b e tw e e n D ic k s o n a n d t h e L e w is C o u n ty li n e 44-43
m ile s , e x c e p t m o v in g t h e r a ils , w a s c o m p le te d s o m e t i m e
s in c e . A s so o n a s p r a c t i c a b l e , a f t e r y o u r c o m p a n y c a m e i n t o
p o s s e s s io n o f t h e r e m a i n d e r o f t h i s r o a d , w h i c h w a s p u r
c h a s e d f r o m t h e S o u t h e r n I r o n C o m p a n y , a s p e r l a s t r e p o r t,,
w o r k w a s r e s u m e d a n d t h e e n t i r e l i n e f r o m D ic k s o n t o A lie n ’s
C r e e k , 61-88 m ile s , c h a n g e d t o s t a n d a r d g a u g e o n J u l y 27,
1894.
TENNESSEE PHOSPHATES.
T h e d is c o v e ry o f p h o s p h a te r o c k i n H i c k m a n a n d L o w is
c o u n tie s p r o m is e s to p r o v e a n i m p o r t a n t s o u r c e o f t r a f f ic f o r
t h e C e n tr e v ille B r a n c h a n d th e e n t i r e s y s te m . T h e r o c k is a
d a r k b lu e , s o m e tim e s g r a y f o s ? ilif e ro u s s to n e , l y i n g d i r e c t l y
u n d e r t h e b la c k s la te . T h e s t r a t u m is g e n e r a l l y le v e l a n d a t
a n e le v a tio n o f a b o u t 570 f e e t a b o v e t h e s e a . I t is n o t u n i f o r m
4 n th ic k n e s s , v a r y i n g f r o m t w o o r t h r e e in c h e s i n s o m e p la c e s
t o t h r e e a n d a - h a l f f e e t i n o th e r s . T h e b e s t d e p o s its h a v e
b e e « f o u n d a l o n g t h e v a lle y o f S w a n C r e e k , w h i c h flow sn o r t h w a r d i n t o D u c k R iv e r n e a r C e n tr e v ille , a n d r u n s
p a r a lle l w i t h t h e C e n tr e v ille B r a n c h , a n d a b o u t t h r e e a n d
a- h a l f m ile s e a s t o f i t f o r so m e 16 m ile s. A c o n s e r v a tiv e e s t i
m a t e o f t h e e x t e n t o f t h e d e p o s it m a d e f r o m t h e o u tc r o p a t
v a r io u s p o in ts w a r r a n t s t h e a s s e r tio n t h a t t h e r e a r e o v e r o n e
h u n d r e d m illio n to n s , w i t h i n a n a v e r a g e d is ta n c e o f fiv e m ile s
f r o m t h e C e n tr e v ille B r a n c h .
T h r e e C o m p a n ie s a r e a t p r e s e n t m i n i n g a n d s h i p p i n g t h e
r o c k , h a u l i n g i t i n w a g o n s f r o m t h r e e t o e i g h t m ile s . T h e
o u t p u t h a s b e e n 4,320 to n s , w h i c h h a s f o u n d a r e a d y m a r k e t
i n N a s h v ille , A t l a n t a , M o n tg o m e r y , N e w O r le a n s , S a n d u s k y ,
B a ltim o r e a n d o t h e r c itie s a t a b o u t $6 50 p e r to n , a n d is s o ld
o n a g u a r a n t e e d a n a ly s is o f 65 to 70 p e r c e n t b o n e p h o s p h a t e .
STATE P EN IT EN T IA R Y .
A t t h e l a s t s e s s io n o f t h e T e n n e s s e e L e g i s l a t u r e a n A c t w a s
T o ta l............................. — ....................... .......................................... 18-17
p a sse d a u th o riz in g th e c o n s tru c tio n of a n e w p e n ite n tia r y ,
CARS.
a n d t h r e e C o m m is s io n e r s a p p o i n t e d t o c a r r y o u t t h e p r o v i s
io n s o f s a id Act*
Passenger coaches .............. I a....................
................... 108
Baggage oars—
......... .................... ..................... ................
33
A f t e r a c a r e f u l c o n s id e r a tio n o f v a r io u s lo c a litie s , they~
10— 151
Postal oars......................................................................................
a d o p te d a s ite s ix a n d a - h a lf m ile s f r o m N a s h v ille o n t h e
F re ig h t e q u i p m e n t :
W e s t N a s h v ille B r a n c h o f y o u r r o a d , a n d a b o u t 1,100 a c r e s o f
Box cars.............................................,. ................................. ...... 2,266
la n d w ere p u rch ase d .
Stock c ars........................ *............... . ...........
-- — . . . . —
110
P l a n s h a v e b e e n a c c e p te d a n d w o r k w ill b e b e g u n a t q n c e .
....................................... 1,108
Coal c a r s . ....... . . . * . . . . . . . . . . . i
T h e m a i n b u i l d i n g w ill h a v e a f r o n t a g e o f a b o u t 700 f e e t , w i t h
F la tc a rs......... .
. ..................... .............. .............. ............ 561
Coke cars....... - ........................... ..................................................... 201
tw o r a d i a l w i n g s i n t h e r e a r , e a c h 260 f e e t b y 61 f e e t , w i t h
Ore oars..................... : ............... .................................................
50
Cabooses...,.......................................................................... — . . . 175—4,471 a n a l t i t u d e o f n e a r ly 65 f e e t, a n d t h e c e n t r a l b u i l d i n g a h e i g h t
o f a b o u t 145 f e e t, t h e w h o le o f t h e m a i n p r is o n p r o p e r c o v e r
O th er c a r s :
i n g a n a r e a o f n e a r l y 100,000 s q u a r e f e e t , a n d c o n t a i n i n g 1,500*
Pay c a r ............................................................................. . — .1
1
ce lls .
Wrecking c a r s ................................................ ..............................
3
T h e r e w ill b e r e q u i r e d i n i t s c o n s t r u c t i o n a b o u t 8,000 c a r
Pile d riv er.........................................................................................
1
lo a d s o f m a t e r i a l . T h is , w i t h t h e b u s in e s s t o a n d fro m , t h e
Cook c a r s ........................................................................................
2
Tool c a r...................
1—
8 p e n i t e n t i a r y , w ill g iv e a l a r g e a m o u n t o f t r a f f ic t o t h e N a s h
Grand to ta l................................. ............................................
4,630 v ille C h a tt a n o o g a & S t. L o u is R a ilw a y , a n d m a t e r i a l l y i n
c r e a s e t h e r e v e n u e o f t h e W e s t N a s h v ille B r a n c h , w h i c h h a s
T h ere h a v e b e e n t h o r o u g h ly r e p a i r e d 51 p a s s e n g e r c o a c h e s , b e e n e x t e n d e d 1 ’8 m ile s t o a s h o r t d i s t a n c e b e y o n d t h e p e n i
22 b a g g a g e , m a il a n d e x p r e s s c a r s , a n d 1,275 f r e i g h t c a r s , t e n t i a r y lo c a tio n .
m ak in g a ll t h e e q u i p m e n t a t t h i s d a t e i n g o o d s e rv ic e a b le
W ESTERN & ATLANTIC RA ILRO A D .
condition.
T h e o p e r a tio n s o f t h e a b o v e r a i l r o a d f o r t h e f is c a l y e a r
ROAD DEPARTM ENT.
The to ta l m ile a g e o f s te e l a n d ir o n r a i l s J u l y 1, 1894, is e n d i n g J u n e 30, 1894, w e r e :
show n i n t b e ta b le b e lo w :
r e c e ip t s .
F r e i g h t ........................
$889,097 43
MILEAGE IN STEEL.
P
a
s
s
a
g
e
..................
267,337 79
Division—
66 lbs. 60 lbs. 58 lbs. 5 0 » s. 62 lbs. 40 lbs. 35 lbs -Totml M ail...............................................
51,603)08
Chattanooga................. 87*20
151-16 E x p re s s ................................................
61-3*
17,486|24
157-10
Northwestern............... 1*88
161-28
55,248 75— $1,280,773 29»
Western & Atlan. R R. 60-87
•28
13682 O ther s o u r c e s ...................... ..........................
Lebanon.................................. .
Shelbyville..............................
McMinnville.............................
Fayetteville & Colum.............
Huntsville & Gadsden...........
Tracy City.................
6-60
Sequatchie Valley...................
Centreville........... ...................
West Nashville........................
23-21
1¿*Ó6
1-92
53-20
13-66
31*75
3-9Ó
1-00
31-59
84-20
27-01
1-47
29-96
1-61
29-21
OPERATING EXPENSES;
62 08
80-12
80-21
20-73
61-71
81-74
3-90
M aintenance of W ay...........................................$72,424 78
M aintenance of E q u ip m e n t.......................... 113,932 18
C onducting T ra n s p o rta tio n .......................... 489,502 65
G en eral E x p en ses........................................
147,763.87—823,623 48
1-22
Total..................101-05 7-62 362-67 70‘51 180TS 2l'OL 9‘00 812‘54
MILEAGE IN IRON.
40 Uu. 50 lbs.
Northwestern............. ............................
...
Shelbyville.......................................................
McMinnville..................................
... 16-43
Fayetteville &Columbia .................. -03
-32
Sequatchie Valley......... ........ .......................... .
Centreville .........
17-52
....
West Nashville.............. ........................
’
Total.................... ................ ..17-55 16-75
D iv is io n -
62lb s. 50»*. T o ta l.
1V96 .... 1V96
....
6‘79 0-79
16-43
-85
V83 2-85 4-78
12'6g
.... 30-14
....
V10 V10
26-41 10-84 7V55
ROADWAY.
There were 197,005 cross-ties renewed, 8,222 feet of new
side tracks constructed, and the entire line maintained in
first-class condition, at an average cost per mile of $488 35,
and cost per train mile thirteen cents.
BRIDGES.
The old draw bridge at Johnsonville, 232 feet, and one fixed
span, 166 feet, have been replaced by a new draw bridge, 398
feet, in accordance with the United States standards, sup
ported by two new piers founded on bed rock 44 feet below
low water. The remainder of the bridge, 977 feet, has been
strengthened and extensively repaired, and the entire struc
ture raised 4% feet so as to clep,r the highest water.
N et e a rn in g s.............. ...............................
R e n t a l .............................................
420,012 00
In te re s t......... ..................................
37,968 37
T a x e s ...................................
8,148 95—
D e f i c i t . . . . . . . . . . . . . . . .............. ............
$457,149 84
466,129 3 2
J.979 51
There has also been expended’:
F orfB allast
........* . . . . ..............
New B u ild in g s.............. ...........................
New Side T r a c k s ................. ....................
New F eoces an d Stock G ap s..................
R em oving E n cro ach m en ts ...............
$4,143 13
8.879 74
596 31
108 25
148 55—
E xcess of E x p e n se s................. . . . . .
13,875 98*
$22,855 49
STATISTICS.
270,110
T otal n u m b er of p assengers c a r r ie d .........
A m ount received from each p a s s e n g e r.. *
T otal n u m b er of passengers c arrie d t m ile 11,219,789
A verage re c e ip ts p e r p assen g er p er m ile.
914,255
T otal to n s of fre ig h t carried .......................
A verage am t. received on each to n carrie d
T otal to n s of fre ig h t carrie d 1 m ile_____ 96,106,063
A verage receip ts p e r to n p e r m ile . . . . . . . .
•9770G
•02352
•93710*
•00891
Rc8pectrully submitted,
J. W. THOMAS,
President»
564
THE CHRONICLE.
__________
(&0 mmzvtml
COMMERCIAL
T i m
______ _______
IVol. LIX.
COTTON.
e s .
EPITOME.
F r i d a y N i g h t , September 28
C r o p , as indicated by our t e
1894
w
from the South to-night, is given below. For the w e e k e n d 8
this evening the total receipts have reached 20-2 901
8
against 145,547 bales last week and 85,884 bales t L n w 8’
th-e total receiPts since the 1st of Sent iso?
f ¿2,048 baies, against 342,158 bales for the same period^
T h e M ovem ent
F r id a y N i g h t , S e p t. 2 8 ,1 8 9 4 .
The inquiry for general merchandise has been somewhat
disappointing during the current week. That condition was
«developed principally in the handling of bulk parcels and ap
pears traceable to a desire among jobbers and retailers to dis
tribute a portion of previous purchases before seeking addi
tions to stocks in hand. Speculative investment in staple com
modities lias been small, and many holdings from previous
deals were liquidated, under which prices declined, and for
■cotton and wheat the value line reached a phenomenally low
plane. A cyclone reported along the South Atlantic coast led to
tears for growing crops, but the only authenticated advices of
;serious damage came from a small division of the rice-planted
urea. At the West fall plowing is progressing rapidly and
-considerable of the early-sown grain is up. Corn is generally
reported as sufficiently matured to be beyond danger from
fir o st; cutting is being pushed vigorously, and in several
¿States the yield is turning out better than previously calcuJated upon. The movement of wheat from growers’ hands
has decreased m consequence of low ruling prices and atten
tion given to seeding. Favorable weather has greatly im
proved pasturage, and that development serves to diminish
the use of corn and wheat for feeding purposes.
Lard on the spot has been in slow request and pric°s have
«declined, closing dull at 8-95c. for prime Western, 8 $8V c.
for prime City and 9-35c. for refined for the Continent. There
as been very little trading in lard futures at this market and
prices have declined in response to the break in corn and in
¿sympathy with weaker advices from the West, closing dull.
of the
lo y d . s h o w i n g a n in c r e a s e s m o a S a n t
Receipts at—
G alv esto n .........
Velasco, & c___
New O rle a n s..
M obile...............
F lo rid a .............
S a v a n n a h .........
B ru n sw ’k,&o.
C h a rle sto n .......
P t. R oyal, &c.
W ilm in g to n ....
W ash’to n , &c.
N orfolk..............
W est P o in t...
N’p o r t N ., &e.
New Y o rk .........
B o s to n ..............
B a ltim o re ....... .
P hiladelph’a &o
1
1 « fi t
1 cm
Sat.
Mon.
Tues.-
Wed.
5,533
mmmmmm
6,388
1,672
......
7,539
14,498
......
14,456
1,746
4,231
8,199
8,650
9,022
2,030
9,301
2,652
3,335
972
7,521
......
1,308
6,091
....... .
1,709
4,613
2,614
.......
1,443
300
1,569
___
984
25
1,649
8,638
.......
6,253
......
2,690
......
1,645
81
......
2,662
......
2,687
......
607
200
......
......
__
......
204
18
ID
Thurs,
2,273
0t
Fri.
Total.
9,021 50J32
1,109
9,622 52124
950 10,022
6,841 41,243
978
973
2,242 16,447
7,718 7,718
1,511 12,720
1,425
21
21
901
131
143
7,005
737
143
1,408
34
1,408
414
30,530 23,065| 42,630 202,221
148
The following shows the week’s total receipts, the total since
DAILY CLOSING PRICES OP LARD FUTURES.
S ep tem b er................ .........
- J a n u a r y . . . . . . . .............
Sat.
9-20
8*27
Mon.
9 00
8 -1 Q
Tues.
9-Qt)
Wed.
8 80
Ih u rs .
8-90
8-00
Fri
8-95
8-05
7-95
<£1a
with a slow trade and prices have declined to
' S i H ® }5 f°r mess; $15 50@$17 50 for short clear and $16@
-$1d ^5 for family. Cutmeats have not sold well and "prices
have weakened, closing at
9c. for pickled bellies, 12 a) 10
lbs. average, 10^@10%c. for pickled hams and 6lk@6%c. for
pickied shoulders. Beef has been steady at $8 a 8 50 for
mess, $9010 50 for packet, $10@$12 for family and $16@18 for
•extra India mess.
Beef hams have again declined,
•closing at 19c. Tallow has been quiet but steady at 4%f®5c.
Lard steanne has declined and is quoted nominally at 103/c.
'Oleo-stearine has weakened slightly, closing at lOj^c. Cotton
seed 01] has been quiet but steady at 35c. for prime yellow,
.cutter has advanced for choice, closing firm at 15@26c. for
Cheese lias been fairly active and steady, closing
at 8@10^c. for State factory, full cream. Fresh egas have
advanced, closing steady at 19^@20c. for choice Western.
Raw sugars were greatly neglected and tome of market
heavy, although many holders refused to offer their supplies.
Prices close nominal. Centrifugal quoted 3%c. for 96:deg.
test and muscovado at 3%c. for 89-deg. test. Refined sugars
again lower and still neglected in consequence of large sup
plies in second hands; granulated quoted at 4 ll-16c. Other
■staple groceries dull.
Coffee has secured moderate trade demand at irregular
o f1Ci« / W1fh tendency principally in buyers’ favor. Rio quoted
7? S °°d ? ucuta’ 18K@ lS^c. and interior
Padang,,22%@J5c. Speculation for future delivery has been
slower, but with moderate careful offerings prices were fairly
well sustained until the close, when the pitch is in buyers’
favor under weak foreign news.
¡f^The following were final asking prices.
8-05
ts to
1894.
This Since Sep
Week. 1 ,1 8 9 4 .
G a lv e sto n ... 50,132
Velasco, &o.
1,109
New O rleans 52,124
M obile........... 10,022
F lo rid a .........
S a v a n n a h ... 41,243
B r’wick,&c
978
C h a rle sto n .. 16,447
P. Royal,&c
7,718
W ilmington.. 12,720
W asn’n, &c
21
N o rfo lk ........
7,005
W est Point
737
N’p ’tN .,& e
143
New Y o rk ...
Boston .........
B a ltim o re...
1,408
Philadel.,& o.
414
Tot. th is wk.
202,221
o
i’| tro,Je™ ' ias been unchanged at 5'15c. in bbls ,
f nd 6'25V a C3ses; crude in bbls. is unchanged,
Washington closing at 6c. in bbls. and3'50c. in bulk^naphtha
01a O/^c. Urude certificates have I een quiet; closing at 82%c.
osi/r. bp^nt? turpentine has been steadier, closing at 281$
£3%c. Kosms have advanced, closing firm at$120($$125
at? g0?d Gained. Wool has been quiet but
.steady. Hops have been moderately active and steady.
1894.
1893.
118,769 41,327
2,688
498
112,033 34,969
24,211
9,223
89,826
1;090
66,376
20,897
72,720
75,556
52 916
7,314
72,275
10,663
109,618 44,814
4,232
170
45,63C 12,196
10,521
25,299
8,077
63
4
12,615
5,644
2,294
1,663
383
193
104 685
1,172
21,996
79.933
2,182
44,270
60,167
13,208
7
13,321
18,844
2,101
200
8,477
133
629
4fi?
6 26
2,262
3,375
3 400
10,119
3,556
7,000
5,694
8,275
1,931
1,761
251
3,573
798
6,847
31,975
342,158 ~384,154 424,819
I n o r d e r t h a t c o m p a r is o n m a y b e m a d e w i t h o t h e r y e a r s , we
g iv e b e lo w t h e t o t a l s a t l e a d i n g p o r t s f o r s i x s a is o n s .
Receipts at— 1894.
1893.
1892.
1891.
1890.
1889.
41,243
24,165
12,741
7,005
880
2,800
speculative dealings in the market for Straits tin were
ev,aCti i bufc pnCes have declined under heavy supplies,
a trifle6 alfrTth &S T *7 at 15'90c* InS°fc copper has advanced
atritie, and the close was steady at 9-65@9 70c. for Lake
ha®been quiet and without important changes, closing
d7 at 3’l 7^c. for domestic. Spelter has weakened slightly
1he close was easy at 3-45o. for domestic. Pig iron has
Tor domest£t6 7 WGl1 at steady P r i ces, closing at $9;75(g$l3'00
Stock.
T o ta ls ....... 202 ,2 2 1 ) 472.048 161,438
Galves’n,&o.
New O rleans
M obile.........
8a v a n n a h ...
Char’ton,&o.
3 $ v * ................... li*5S « I
. . . . . . - 1 1 -85c. I A p r i l ...........l l - 6 5 o . Wilm’ton,&o
N o rfo lk .......
~ e c .................... 12
1 M a r c h ....,,....l l - 7 0 o I Ju n e ................ - ___ 1 W. Point,& c.
Kentucky tobacco has not received much attention, but All o th e r s ...
prices have been well held. Sales 150 hhds., principally for
export. Seed leaf tobacco has sold moderately well at steady
Poqp69' Sales for the week 1.750 cases as follows : 150 cases
1892 crop, N ew E ngland Havana, 16@45c.; 150 cases 1893
N p w F ^ T ^ iDgla“.d Havana’
100 cases 1893 crop,
°n private terms; 350 cases 1892 crop,
State Havana, 11@ 15c.; 200 cases 1893 crop. State Havana on
1892 cr°P> Wisconsin Havana, 10®
100' ¿ i S 1893 d °P’ p,enasylvania Havana, 9@llc., and
J0i cal fs 189J crop* Pennsylvania Havana, 13$ 14c.; also 600
i i bond aV8na’ 70c,@^1 05>and 350 b ^ s Sumatra, 90c.@$2 50
1803.
This Since Sep.
Week. 1 ,1 8 9 3 .
51,241
52,124
41,825
34,969
9,223
44,814
12,196
8,031
5,644
1,856
2,830
44,818
21,508
6,781
33,937
12,926
4,793
6,744
5,057
4,397
161,438
140,993
230,966
246,938
245,374
342,158 405,355
737,583
833,396
718,173
10,022
Since Sept. 1 472,048
50,661
61,120
13,164
38,368
26,156
11,530
13,553
9,161
7,195
48,654
52,759
10,738
49,928
29,172
10,939
26,714
7,316
10,718
43,218
67,684
13,518
52,284
19,062
7,858
13,882
13,339
14,529
The exports for the week ending this evening reach a total
of 107,456 bales, of which 54,030 were to Great Britain, 12,396
to France and 41,030 to the rest of the Continent. Below are
Exports
from—
Week Ending Sept. 28. ■ From, Sept. 1, 1804, to Sept. 28.1804
Exported to—
Great
Conti Total Great
Conti
Jotal.
B rit’n. France nent. Week. Britain. France nent.
G alveston......
6,115
Velasco, &o....
New O rleans.. £8.028
Mobile & P en.
S a v a n n ah .......
Brunswick.. .
Charleston*..,
7,716
W ilm ington..
Norfolk.......... 7
W est P o in t....
N’p’t News, &c
New Y o rk .__
7,322
Boston.............
4,649
Baltimore........
2C0
Philadelp’a ....
7,826 12,611 26,555
942
942
5,661 33,167
4,478
12,215 14,016
58,709
4,478
M .,ff
.........
5,628 13 314
6,987 6,987
92
6.607 14,02l'
2,591
2,591
2 JO
Total............. 54,030 12,398 41,030 107,456
Tot»!. 1S93.... 24.669 9 960 21.905 56,481
’ Including P o rt Royal,
Tf
10,519
100
20,807
5,444
050
200
342
108,644 18,836
67,918 22,123
12,614
2.287
12,206
735
38,845
2,287
75,393
735
5,628
6,987
10,147
6,987
15,703
30
5,149
100
100
36,855
5,474
6,799
300
61,442 188,922
51,824 144,803
565
THE CHRONICLE.
September 29, 1894.]
The Sales and P rices op F utures are shown oy the
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not following comprehensive table.
cleared, at the ports named. We add similar figures for
H
g
I
New York, which are prepared for our special use by Messrs. SPI
or眩 gu ® §
te
p g SÌ3 80 Pi H w S5 ®
Lambert & Barrows, Produce Exchange Building.
m ©®3
OD © ® 00 50» ®5 0D© ® P*
a*®
®
S'
g-®
®
t
e*© ® p P
B'®®
$
ON SHIPBOARD, NOT CLEARED—FOR
55œ'L.'4 QD'V^ P OD P
q^g-OQ <ft
(»
« o'* I *0 O rn
L eaving
■ p ef'8»S+CO ■ S. M®
B-g-ni C3» Û5
S ept. 28 at—
t
e
s
Stock.
Great France. Other Coast
. p,p3
p,&®
Total.
X*
« to? 8.
Foreign wise.
B rita in .
:■ ^H . «<*
i ■ F*1
fcO 8►
« P. •
p
:
» I
“*
44
620
23,532
29,384
3 ,5 2 1 13,281
6,110
P Ï Ol
b : I ; p : to
New O rlean s...
®
® 05
(ft
<5:.?
« a»; • -ji
.
®m
42.784
29,936
2,356
9.387 16,455
G alv esto n ...... 14,586
®>
• II
®> I
WW
: 21 I
22,000
2,000
57,933
None. None. 20,000
m
m
Savannah.........
Charleston.......
New York.........
Other p o rt-—
5.000
3.000
2.000
4,200
6,000
None.
N one.
None.
500
None.
9.000
700
None.
4,550
5.000
2,400
None.
1,500
None.
None.
16,400
3,700
3,500
9,250
11,000
Total 1 8 9 4 ,..
40,896
13,408
68,986
8,876
132,166
251,988
55,387
75,485
14,306 40,752
8,527 32.529
5,636
5,493
116,081
122,034
308,738
468,540
Total 1 8 9 3 ...
Total 1 8 9 2 ...
27,870
4,114
3,347
72,103
27,301
sg ®o®
®^H BOHd- o wo><j ®9 0 0
3 9«2
S- ©,j ® OJO®' ® W&
S ®®^
iff
Speculation in cotton for future delivery at this market has
been conducted under conditions of a feverish tone and much
perplexity among all classes of operators. During a greater
portion of the week the absence of courage on the “long” side
was a noteworthy feature, and the aggressive action of the
bears served to still further reduce the low record of prices.
On Saturday the market opened easy, with loss of 3@4 points,
but considerable covering and some buying by a few opera
tors previously considered “bearish” restored tone, and the
close was firm. Monday, however, brought disappointing
advices from Liverpool, a heavy record of crop movement
and free offerings from the South, features that led the local
“longs” to liquidate freely and broke prices 8@10 points.
From that there was some recovery at the close in
consequence of local covering. During Tuesday there
were numerous fluctuations, ranging from 5 points
below to 4 points above the current rates of the
previous evening, finally closing at a fractional net loss, the
moving forces of the day having come through local manipu
lation. On Wednesday there was another sharp drop in
price of 12@14 points under weak, disappointing news from
Liverpool, and a renewal of selling on Southern account,
with some steadiness at the close, but only one point recovery.
Yesterday considerable irregularity prevailed, finally result
ing in advance of 8@9 points on stimulus of slighly better for
eign news and apprehensions of crop damage from cyclone
reported at the South. To-day, with no confirmation of seri
ous crop injury and cable reports showing great weakness
abroad, there was another break of 12 points, closing slightly
steadier. Cotton on the spot dull at 6 7-16c. for middling up
lands.
The total sales for forward delivery for the week are 713,600
bales. For immediate delivery the total sales foot up this week
2,611 bales, including — for export, 2,041 for consumption
— for speculation and 600 on contract. The following ar
the official quotations for each day of the past week—
September 22 to September 28.
Rates on and off middling, as established Nov. 22 by th
Revision Committee, at which grades other than middling
may be delivered on contract:
Fair.................................o. I 3* on.
Middling P a i r . ........... . . . 7a on.
Strict Good M iddling.......
on.
Good M iddling................. . &,6 on.
Strict Low M id d lin g ...... 316 off.
Low M iddling......... .......... L g off.
Strict Good O rd in ary ....... 3Sje oft.
tov
ft! o i l T u e s W e d
5016 513
57,a
63te 638
6>4
Middling.............. I ................
6 n ie 65g
f» l8
615le
Good M idd lin g............................ 7
Middling P a ir . .......................... 79i« 7h*
77,«
GULP.
S a t.
538
S ite
6*2
613lfl
738
55ie
634
615*2
611ie
5%
th .
61,6
632
67,8
613,6 6%
73,6
738
F ri.
55s
53g
65,6 65,6
6%
6%
71,6 73,6
74
7»8
W ed T h .
59.6
534
63ie
6i332
6%
53,6
6^8
611s2
69,6
518
6 iie
6932
63fl
518
63,6
6932
63«
614
613.6
7
79,6
F ri.
5 iie
6
6732
67,6
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement.
SPOT MARKET
CLOSED.
Sat’d a y . Q uiet....................
Monday Q u ie ta i 3, fl d ec.
Tuesdav Q uiet a t
dec.
Wed’dav Quiet a t 3,6 dec.
Thur’d’y Q u i e t .................
Friday., Q u ie ta i 3,6 dee.
. Total.
SALES OF SPOT AND CONTRACT.
E x
p o rt.
....
....
Con- Spec- Con
sum p. u l't’n tract. Total.
137
213
732
349
455
155
2,041
20Ó
100
....
100
200
137
413
832
349
555
355
600 2,641
Sales o f
Futures.
I 9sr;
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F ri.
M o il T u e s W e d T h .
Good O rd in ary ......................... 513ie 5%
5H16
63s
Low M iddling.............................. 6hi
6 l6 le 6 78
MiddlingTirT!........................
633,6
Good Middling. ..................... . 7%
738
Middling F a i r .............................. 713i 6 7 4
7H i 6
STAINED.
S a t. M o n T u e s
Low Middling...............................
Middling........................................
8triot M i d d l i n g . . . . . . . . . ___ _
Good Middling T in g ed ..............
Th,
CO
00003
©M®©
Oo© ©
to
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to to
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000
1 «:
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0)0 5to
05© ^to
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0)0___
to
©a <
Good O r d in a r y ............. c.
oft
Good M iddling T in g e d ...
E v en .
S tric t M iddling S ta in e d ..
oft
M iddling S ta in e d .............. 7l8 oft
S tric t Low Mid. S ta in e d .. 29^2 oft
Low M iddling S ta in e d .. . . 138 oft.
S a t.
:
83 05005
B
a©
©o
is. w
I 91
On this basis the prices for a few of the grades would be as
follows:
UPLANDS.
>
W» 4
oO 2
go»
ROOMS' B'-i -jotr1 i'~«5
l l2
g «¿§1 5a® s'
s.s «
®©©^
¡0
tH M U
Ci Ci <
<idi 4
oa
19
èO
51
kO
Ci
1t
S
®
19
11
►
11 <
®1
19
i 1
1
We h av e in clu d ed in th e above ta b le , a n d sh a ll c o n tin u e each
w eek to give, th e av erag e p rice of fu tu re s each day fo r each m o n th . It
will be found u n d e r each d ay follow ing th e ab b rev iatio n “ A ver.” T he
average fo r each m o n th fo r th e w eek is also g iv en a t b o tto m of tab le.
J®” For exchanges see page 568.
The Visible Supply op Cotton to-night, as made up by cabl e
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Sept. 28)', we add the item of exports from
713,600 thft United States, including in it the exDorts of Friday only,
76,200
118,200
153,700
153,300
111,600
100,600
566
THE CHRONICLE.
1H94.
1893.
1892.
1891
S tock a t L iv e rp o o l......b a le s . 799,000 980,000 1,124,000 667,000
S to ck a t L o n d o n ........................
8,000
9,000
14,000
9,000
T o ta l G re a t B rita in sto ck . 808,000 988,000 1,133,000 6 8 1 ,0 0 0
S to ck a t H a m b u rg .....................
29.000
8,COO
5,300
4 ,3 0 0
S tock a t B rem en .........................
58.000
80,000
66,000
5 0 .0 0 0
S tock a t A m ste rd a m ................
9,000
13.000
19.000
1 8 .000
S tock a t R o tte rd a m ................. .
100
200
200
300
S tock a t A n tw e rp ..............
19.000
9.000
7.000
7,0uo
S tock a t H a v re ........................... 288,000 312,000 332,000 1 6 3 ,OOU
S tock a t M a rs e ille s....................
5,000
6.000
9.000
10,000
46,000
S tock a t B a rc e lo n a ....................
74.000
56.000
5 6 .000
S tock a t G en o a...........................
8,000
15.000
14.000
5 ,0 0 0
33,000
S to ck a t T r ie s te .........................
25.000
36.000
3 2 .0 0 0
T o ta l C o n tin en tal stocks
495,100 542,200 544,500 345,600
T o ta l E u ro p ean stocks . . . . 1,303,100 1,530,200 1,677,500 1,026,600
In d ia c o tto n afloat fo r E u ro p e.
23,000
27,000 30,000
38.000
A m e r.c o tt’n afloat fo r E u ro p e.
145,000
90,000 113,000 165,00o
E g y p t,B ra zil,& c .,afltfo rE ’r ’pe
15,000
19,000 22,000
21.000
S to ck in U n ited S tates p o r ts ..
384,154 424,819 590,574 625,820
S tock in U. S. in te rio r to w n s ..
109,245 128,473 163,885 142,246
U n ite d S ta te s e x p o rts to -d ay .
33,303
10,500 21,605
20,680
T o ta l visib le su p p ly ........... 2,017,802 2,229,997 2,618,564 2,039.346
O f th e above, to ta ls of A m erican a n d o th e r d escrip tio n s a re as follow s:
A m erican—
L iverpool sto c k .............. b a le s . 657,000 743,000 938,000 504,000
C o n tin en tal s to c k s .................
334,000
426,000 374,000 212,000
A m erican afloat fo r E u ro p e ...
145,000
90,000 113,000 165,000
424,819 590,574 625,320
U n ited S ta te s sto c k ......... ......... 334,154
U n ited S tates in te rio r sto c k s..
109,245 128,478 163,885 142,246
U n ite d S ta te s e x p o rts to -d ay .
38,303
10,500
21,605
20,680
T o ta l A m erican ................... 1,667,702 1,822,797 2,201,064 1,669,746
E a st In d ia n , B ra sil, die. —
L iverpool sto c k ........................... 142,000 237,000 186,000 163,000
London s to c k ..............................
9,000
8,000
9,000
14.000
C o n tin en tal sto c k s..................... 161,100 116,200 170,500 133,600
In d ia afloat fo r E u ro p e ......... .
23,000
27.000
30.000
38.000
E g y p t, B razil, &c., aflo at.........
15,000
19.000
22.000
21.000
T o^tal E, a s t In d ia , &c........... 350,100 407,200 417,500 369,600
■
T o ta l A m erican....................1,667,702 1,822,797 2,201,064 1,669,746
T o ta l v isib le su p p ly ...........2,017,802 2,229,997 2,618,564 2,039,348
M iddling U pland, L iv e rp o o l..
39x6d.
4*fid.
44id.
47gd.
M iddling U p lan d , N ew Y o rk ,.
67iec.
8c.
7^c.
8HifC.
E g y p t Good Brown, L iverpool
47gd.
571Pd.
415,0d.
6*4d.
P eru v . R ough Good, L iverpool
5 U i6d.
6% .
5%d.
9d.
B ro ach F ine, L iv e rp o o l......... .
3 ii]g d .
4Jad.
4igd
45sd.
T innevelly Good, L iv e rp o o l..
33sd.
47j6d.
4d
4!fld.
¡Si** The imports into Continental ports the past week have
been 11,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 212,195 bales as compared with the same date
of 1893, a decrease of 600,762 bales from the corresponding
date of 1892 and a decrease of 21.514. bales over 1891.
AT the I nterior 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
corresponding period of 1893—is set out in detail below.
;w m
S OS pI
Cf?
MO
©3
s rlS g
.: :. - sS rg *s .
a:
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Week ending
Sept . 28.
Satur.
G alv esto n . . .
New O rleans
M obile., i . . .
Savannah...
C h a rle sto n . .
W ilm ington.
N orfolk.,. . . .
B o sto n ....... ..
B altim o re...
P hiladelphia
A u g u s ta .. . .
M e m p h is ...
St. L o u is ....
H ouston . . .
C in c in n a ti . .
Louisville
6*8
6*x6
6
515ie
515ls
6
61«
6 U 10
6 7«
7*16
6
6*8
6H
61«
6«s
6^8
Mon.
Tues.
Wednes.
6
51516
51BÏ6
5 78
51316
6
618
6^8
6 78
7*16
6
618
63x6
6
65s
65a
6*16
6
6
5 78
5 78
6
6*8
6 n ie
6 7g
7*16
6
618
614
61,6
65s
65«
Thurs.
6
513x6
5 78
5%
5%
6
6
69x6
6%
615x6
5 78 8>6
6
618
6
658
658
5 7818
5%
5%
6
6
61«
6%
615, f¡
SIB’®
6
63s
6®8
A tla n ta .............
Colum bus, G a.
Colum bus, M iss
E u fa u la .. . . . . . . .
51316 | Little Rock.... 5»x8 I Newberry....... ;
5 1«
M ontgom ery... 5^8 I R a le ig h ..............
5 1«
Nashville....... 57s Selma....... 583
5% I Natchez..........
5*ixe I Shreveport.....
tC l-1® ; « O to ® CO t s -3 0 1 )^ 0 :
h7 S S '0 0 5 10
50 05 t6 • -3 05 If- 03 -3 00 M 05 05
00 tO
J j® ©
2; SS
MWJO H05
7?£ £ Î2
^ o V c s toVto
1892.
Aug. 24......
“ 31.......
Sept. 7 .....
“ 14.......
“ 21.......
“ 28.
11,878
23,473
50,295
87,793
120,328
140.993
1893.
1894.
12,434 14,122
17,634 25,173
28,117 38,396
53,703 85,884
95,849 145,547
161,438 202,221
1892.
1893.
128,629 76.824
126,619 74,501
128,706 79,928
134,957 84,871
142,500 96,756
163,885 128.438
1894.
1892.
55,819
56,366
55,913
66,830
84,519
1G9,?45
8,651
31,463
52,382
94,044
127,871
162,378
h-*tO
05 V 05
to^-ToœTooo ^ o o o
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i t - M a o K > a o © © o o * 3 W if - w © w w
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M-rOCflH — ^ 0 5 © 5 0 C F b O -3 0 5 t6 ©
© © M W O © |f - W 0 0 K I H © M © W
M
jf-OSCOM M to
os en
05 If* H If-V © loboT -i © to to 05 © -3
lf-O ’ © © C J iW l f i .t0 © © t O « 0 0 © - 3 ¡ *-t0W ©t0©nr©X0St0|f-00O©
w -jo -ito o ieo œ t-u o © © © « « . 50
W © © -3 W to to if- if- W W CO ©
en «
© -J io w « « ;
w to e o o s - te n ,
i - -3 M en to © .
©t
00 05 05 05
M jU J-* W f - © J O jf - 4 - jf e n c o jo
to b o to en toT f-to © if-© oo en « - 3 ifte n © © © t o © a i © M
© © © c n - io M - a x -jc a o H iw a e n c o i-e n © ® « ©
*-j © © oo co o í cc © w eni-> w w © a o © o o C 5 - j c o a o o 5 w « 3 I
* L ouisville figures “ n e t ” i a b o th y e a rs
t T his y e a r’s figures estim ated .
1893.
1894.
10,079 13,002
15,311 25,720
33,544 36,974
58,646 96.801
107,734 163,236
193,120 226,947
The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1894 are 523,958 bales; in
1893 were 394,480 bales; in 1892 were 440,606 bales.
2.—That although the receipts at the outports the past week
were 202,221 bales, the actual movement from plantations was
226,947 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 193,120 bales and for 1892 they were
162,378 bales.
fo r the
W
e e k a n d s in c e
Week.
© ® 0.O IK I00© W W |f-l>SO lU ’ ©H©K>tv0CGCM CH©W l-‘O<lf--3WK-©
©
553
59j
Week
Receipts at the Ports. St’k at Interior Towns. Rec’pts from, Plant’ns.
Ending—
September 28.
it-WCCtO
to
00 M 50 na. to c o 0 0 0 0 ^ - 3 6500707-1
©,*•»>£:© ä a w - i - i t o i - i H - o o œ o o o
M © fcO63 »3 M fcOM I f - M 05 -3 M 05 M 05
HHtO
M M © 05 05 MOO
553
R e c e i p t s f r o m t h e P l a n t a t io n s .— The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
1894.
©woo* w
Eri.
The closing quotations to-dav (Friday) at other important
Southern markets were as follows.
Ov er la n d M ovem ent
H Hi P°0 fcjg
Q oo
Q u o t a t io n s f o r M i d d l i n g C o t t o n a t O t h e r Markets.—
Below we give closing quotations of middling cotton at South
ern and other principal cotton markets for each day of the week"
S e p t , 1.—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Sept. 28
and since Sept. 1 in the last two years are as follows:
I*
aM ag CJM
£ - 2a -fert .
[V ol. L1X.
§9
§ i-äSt
S g fe
S-w s
»
S’
Shipped—
V ia St. L o u is..................................
V ia C airo...............................
V ia H a n n ib a l................................
V ia E v a n s v i l l e ...........................
V ia L ouisville................................
V ia C in cin n ati...............................
Via o th e r ro u te s , & c....................
1893.
Since
Sept. 1.
Sine*
Sept. 1.
3,426
1,288
526
50
436
395
1,640
13,403
2,380
702
75
1,131
1,448
2,914
27,049
7,761
22,053
3,692
327
4,341
2,620
16
1,594
6,730
36
3,405
8,360
4,230
10,171
18,689
3,531
11,882
3,413
3,379
14,850
5,560
514
1,317
1,142
1,574
2,906
2,159
T o ta l g ro ss o v e r la n d ..............
D educt shipm ents—
O v erlan d to N. Y ., B o sto n , & c..
B etw een in te rio r t o w n s ........... .
In la n d , &o., fro m S o u th .............
9,765
1,822
263
2,374
T o ta l to be d e d u c te d ................
4,459
L eaving t o t a l n e t o v e rla n d * ..
5,306
* In c lu d in g m o v em en t b y r a i l to C an ad a.
Week.
The foregoing shows that the week’s net overland movement
his year has been 5,306 bales, against 3,531 bales for the
week in 1893, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 6,807 bales.
I n S ig h t a n d S p in n e r s’
T akings.
1894.
Week.
Since
Sept. 1.
1893.
Week.
Sines
Sept. 1.
R eceipts a t p o rts to Sept. 2 8 ...... 202,221
Wet o v e rla n d to Sept. 2 8 ................
5,306
S o u th ern co n su m p tio n to Sept. 28 17,000
472,048 161,438
3 531
18,689
66,000 16,000
342,158
11,882
63,000
T o ta l m a r k e te d ......................... 224,527
I n te rio r sto c k s in e x c e s s............... 24,726
556,737 180,969
51,910 31,682
417,040
52,272
Cam e in to s ig h t d u rin g w eek. 249,253
T o ta lin s ig h t Sept. 2 8 . . . .......
212,651
608,647
469,312
29,352
The above totals show that the interior stocks have increased
during the week 24,726 bales and are now 19,193 bales less than
It w ill be seen by the above that there has come into sight
at same period last year. The receipts at all the towns have daring the week 249,253 bales, against 212,651 bales for the
been 21,624 bales more than same week last year and since same week of 1893, and that the increase in amount in sight
Sept. 1 are 103,565 bales more than for same time in 1893,
to-night as compared w ith last year is 139,335 bales.
W orth’n s p in n e rs t a k ’g s to Sep. 28
97,193
Se p t e m b e r
29, 1894.]
W e a t h e r R e p o r t s b y T e l e g r a p h .— Advices to u s this
evening by telegraph indicate that the South Atlantic coast
s e c t i o n has been visited this week by a severe storm of wind
and rain, the precipitation being very heavy in portions of
South Carolina, Georgia and Florida, and causing some dam
age to cotton. In the remainder of the South the weather has
been favorable as a rule, there having been little or no rain
outside of Texas, and in that State the precipitation has been
light generally. Except where interfered with by bad weath
er picking and marketing have made very good progress.
G alvesto n , lexas.—It has been showery on one day during
the week, with rainfall to the extent of thirty-seven hun
dredths of an inch. The thermometer has averaged 76, the
h ig h e st being 86 and the lowest 67.
P a lestin e, Texas.—We have had rain on one day of the past
week, the precipitation reaching three inches and thirteen
h u n d red th s.
The thermometer has averaged 74, ranging
from 58 to 90. ,
.
Huntsville, Texas.—There has been heavy ram on two days
during the week, the precipitation being three inches and
fifty-five hundredths. The thermometer has ranged from 58
to 90, averaging 74.
,
Dallas, lexas.—It has been dry all the week, The weather
has been favorable for cotton picking over the greater part of
the State, but picking is yet somewhat behind. Boll worms
are still reported from some localities, but they are damaging
cotton very little. The crop is generally doing well, and
the top crop looks promising over Southwest Texas. Average
thermometer 73, highest 92, lowest 54.
San Antonio, Texas.—There has been rain on three days of
the week, the rainfall reaching one inch and thirty-six hundfedths. The thermometer has averaged 72, the highest be
ing 88 and the lowest 56.
iMling, Texas.—There has been rain on two days during
the week, the precipitation being twenty hundredths of an
inch. The thermometer has averaged 73, ranging from 56 to 90.
Columbia, Texas.—Rain has fallen on three days of the
week, the rainfall reaching seventy-two hundredths of an
inch. The thermometer has ranged from 60 to 90, averag
ing 75.
Cuero, Texas.—We have had rain on two days of the week,
to the extent of ninety-five hundredths of an inch. Average
thermometer 77, highest 92 and lowest 62.
Brenham, Texas.—It has been showery on two days of the
week, the rainfall reaching two hundredths of an inch. The
thermometer has averaged 73, the highest being 92 and the
lowest 54.
.■
'v'1;..
Belton, Texas.—There has been no rain during the week.
The thermometer has averaged 73, ranging from 56 to 90.
Fort Worth, Texas.—It has rained on one day of the past
week, the precipitation reaching twenty-five hundredths of
an inch. The thermometer has ranged from 54 to 92, averag
ing 73. •^
Weatherford, lexas.—We have had rain on one day of the
past week, the rainfall being fifty-seven hundredths of an
inch. Average thermometer 73, highest 92, lowest 54.
Laredo, Texas.—It has been raining in this section for sev
eral days in succession.
Bastrop, Texas.—The equinox brought no violent storms
and the weather is now bright and pleasant.
Jewett, Texas.—The rainfall has been so great in this sec
tion of country of late that the cotton is actually rotting in
the boll.
Calvert, Texas.—Labor for picking cotton is somewhat
scarce here, though sixty cents per hundred pounds is being
paid. Farmers say they will not sell any more cotton at pres
ent prices than they can help.
Velasco, Texas.—The weather is excellent for cotton pick
ing, though the ground is very muddy on many plantations
and roads are bad.
New Orleans, Louisiana.—There has been no rain all the
week. The thermometer has averaged 78.
Shreveport, Louisiana.—Dry weather has prevailed all the
week. The thermometer has averaged 73, ranging from 54 to 90.
Columbus, Mississippi.—We have had no rain during the
week and picking is making good progress. The thermom
eter has ranged from 50 to 90, averaging 72.
Ldand, Mississippi.—We have had no rain all the week.
Average thermometer 70*6, highest 92, lowest 49.
Meridian, Mississippi.—Telegram not received.
Little Rock, Arkansas.—Telegram not received.
Helena, Arkansas.—The weather has been fine all the week,
in fact no rain has fallen since the 17th of September. Cotton
is opening rapidly and picking makes very good progress.
The thermometer has ranged from 50 to 89, averaging 67-7. |
Memphis, Tennessee.—With the exception of a shower on
Monday the weather has been dry, cool and very favorable all
the week. Cotton is opening rapidly and picking is active.
The rainfall reached eleven hundredths of an inch. Average
thermometer 69 3, highest 89‘3 and lowest 50-l.
Nashville, Tennessee.—Crop reports continue satisfactory
and cotton picking is progressing well. We have had no rain
during the week. The thermometer has averaged 65, the
highest being 84 and the lowest 46.
Mobile, Alabama.—There has been no rain during the past
week. The weather has been fine throughout the district.
The thermometer has averaged 77 and ranged from 62 to 90.
Montgomery, Alabama.—The weather has been warm and
dry all the week, and cotton picking and marketing have
made good progress. The thermometer has ranged from 63
to 87, averaging 75.
567
THE CHRONICLE.
Selma, Alabama.—Picking is going on finely. It has been
dry all the week. Average thermometer 72, highest 87, low
est 58.
Madison, Florida.—Telegram not received.
Columbus, Georgia.—There has been no rain the past week.
The thermometer has averaged 73 and ranged from 60 to 88.
Savannah, Georgia.—It has rained on three days of the
week, the precipitation reaching three inches and ninety-two
hundredths. The thermometer has ranged from 59 to 87, av
eraging 72.
Augusta, Georgia.—The past week has been bad for cotton.
The storm was very damaging to the crop in this section.
Rain has fallen heavily on two days of the week, the precip
itation reaching two inches and eighty-nine hundredths.
Average thermometer 69, highest 89, lowest 55.
Charleston, South Carolina.—It has rained on three days of
the week, the rainfall reaching seven inches and forty-three
hundredths. The thermometer has averaged 73, the highest
being 84 and the lowest 62.
Stateburg, South Carolina.—We have had rain, accompa
nied by high wind, on one day of the week, the rainfall reach
ing one inch and ten hundredths, and there has been a trace
of rain on one other day. The thermometer has averaged
69‘3, ranging from 60 to 85.
Wilson, North Carolina.—Rain has fallen on two days of
the week, the rainfall reaching two inches and ten hun
dredths; The thermometer has ranged from 58 to 84, aver
aging 71.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock September 27, 1894, and September 28, 1893._______ Sept. 27, ’94. Sept. 28, ’93.
Feet.
Feet.
4-1
36
New O rle a n s __
1-4
3-5
M em phis............. ___Above low -w ater m a rk .
0-7
26
N ashville............ ___Above low -w ater m a rk .
31
2-5
S h re v e p o rt. . . . . . ___Below zero of g au g e.
2-1
30
V ick sb u rg ......... ___Above low -w ater m ark .
I n d ia C o t t o n M o v e m e n t F r o m a l l P o r t s . —The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Sept. 27.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipm ents th is week. Sh ip m en ts since Sept. 1.
G reat C onti
f«*r Great C onti
T o ta l.
B r it’n. n en t. Total. B rita in n en t.
1894
1893
1892
1891
2,000
1.000
7.000
15.000
1,000
17.000
5.000
2,000
1 .Ò00 o r b ò
10,000 10,000
Receipts.
T his
Since
Week. Sept. 1.
12,000 3.000
16.000 9.000
6,000 4.000
18,000 3.000
6.000
14.000
23.000
10.000
26,000
According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
6,000 bales and an increase in shipments of 2,000 bales, and
the shipments since Sept. 1 show a decrease of 4,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin. Kurrachee and Coconada.
Shipm ents since Sept. r.
Shipm ents fo r the week.
Conti
nent.
Great
B rita in .
C a lc u tta 1 894..
1 8 9 3 ........
M a d ra s 1894.........
1893
All o th e rs—
1894.........
1893.........
Total aU—
1894.........
1893.........
1,000
Great
B rita in . Continent.
Total.
Total.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
2,000
1,000
1,000
2,000
4 ,000'
4.000
3.000
1.000
7.000
5.000
2,000
2,000
1,000
3.000
4.000
6,000
9.000
4,000
4.000
4.000
9,000
8,000
10.000
6,000
2,000
1,000
4,000
4,000
8.000
18,000
15,000
EXPORTS TO EUROPE FROM ALU INDIA.
Shipm ents
o a ll E urope
fr o m —
1893.
1894.
T h is
week.
T h is
week.
S ince
Sept. 1.
l o m b a y .. . . . . .
t i l e th e r p o rts.
2,000
12,000
4,000
18,000
T o tal.. . . . .
6,000
30,000
1892
S ince
Sept. 1.
T h is
week.
Since
Sept. 1.
6,000
4,000
16,000
15,000
1,000
2,000
15,000
4,000
31,000
3,000
21,000
arrange“
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and tor the
corresponding week of the previous two years.
________
Al e x a n d r ia K e o e i p t s
A lexandria, Egypt,
September 26.
R eceipts (o a n ta rs * )....
T h is w e e k ....
Sinoe S ept. 1 .
Exports (bales)—
To L iv e rp o o l.........
To C o n tin e n t......... .
and
S h i p m e n t s .— Through
1892.
1894.
1893.
19.000
55.000
T h is
Since
week. Sept. 1.
16,000
S in c e
T h is
week. Sept. 1 .
176,000
Since
T h is
week. Sept. 1.
6,000
9.000 13,000
2.000
7,000
12,000
6,000
4.000
t o t a l E u ro p e ......... 3,000 22,000
* A c a n ta r is 98 pounds.
6,000
3,000 16,000
2.000
9,000
100,000
15,000 11.000
20,000
568
THE CHRONICLE.
[V ol. LIX,
M a n c h e s t e r M a r k e t . — Our report received by cable to'
E g y p t i a n C o t t o n CROP.-The following report on the W
night from Manchester states that the market is flat for yarn8
ton crop in Egypt was issued by the Alexandria General K "
and dull for sheetings in consequence of news from Liverpool’ uce
Association under date of August 31:
roci'
We give the prices for to-day below and leave those for
The norm al te m p e ra tu re of th is m onth, com bined w ith th e
previous weeks of this and last year for comparison:
sive facility fo r irrig atin g , ow ihg to th e stro n g rise of the v ,ia’,rv8'
1894.
82« Qop.
Tw ist.
A g.24
“ 31
Sep. 7
“ 14
“ 21
“ 28
b een favorable to th e p la n ta tio n s.
8
m e Nile, hag
The condition of th e co tto n tre e s is sa tisfacto ry . T hev b ear »k
1893
OotVn
M id. 32« Qop.
Twist.
JJplds
8H lbs.
Shirtings.
d.
d. s. d. s.
5% ®69ie 4 6 ia ®6
5% «69!« 4 6 ®6
65g 4 6 1s ®6
4 6H 96
5 iii6 ® 6 1a 4 6 ®6
558 ®69s 4 5 ®6
d.
d
d.
d.
327ss 6iiie® 7%
31316 65s ®738
32932 678 9 7 H
7
7
32732 71x6 ® 7sS
32332
6
®7%
4*s 39ie 71s 9 7 \
6
6
8H lbs.
Shirtings.
s. d. s.
5 7i«® 7
5 7ifi®7
5 8 ®7
5 9 ®7
5 10 ® 7
5 10 ®7
Oott *
Mid
Upl
a
d
4ifl AH
4 ]a 430
5
4i®
6
45s
4 U le
7
7
41«
S e a I s l a n d C o t t o n M o v e m e n t .— We have received this
(Friday)^evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (September 28) and since
Sept. 1, 1894, the stocks to-night, and the same items for the
corresponding periods of 1893, are as follows.
1894.
Receipts to Sept. 28.
1893.
S a v a n n a h .............. ...........
C h a rlesto n .........................
F lo rid a, &c........... .............
T o tal..............................
2,370
81
2,451
5,090
123
5,213
1,316
43
40
1,399
P ^ t week, as per latest m ail returns, have reached
44,061 bales. So far as the Southern ports are concerned these
are the same exports reported by telegraph and published in
the C h r o n i c l e last Friday. With regard to New York w?
include the manifests of all vessels cleared up to Thursday.
Stock.
This
Since
T his
Since
week. Sept. 1 . week. Sept. 1. 1894.
1,869 4,304
48
529
40
552
1,957 5,385
1893.
2,134
452
751
N e w J okk ^ T o L iverpool, p e r steam ers R unic, 2,183 u p lan d “^
an d 197 Sea Isla n d ...S e rv ia , 2,596 u p lan d an d 46 Sea
lSldiD C l •■■■■•
3,337
The exports for the week ending this evening reach a tota 1
of 335 bales, of which 243 bales were to Great Britain, 92 to
France and
to Reval, and th.e amount forwarded to
Northern mills has been 326 bales. Below are the exports fo
the week and since September 1 in 1894 and 1893.
Exports
fr o m —
Week E n d in g Sept. 28. Since Sept. 1, 1894. Norih’n Mills.
Great F r’nee
Great F r’nce
B rit’n. <&c. Total. B r it’n. <£c. Total. Week. SSince
ep t.l
S a v a n n a h ...
C h ari’t ’n,&c
F lo rid a, &o.
New Y o rk ..
B o s to n ........
B a ltim o re ..
326
"2 4 3
747
*92
‘"335
**27*7 ****92
92
.........
335
•.......
277
.........
T o ta l........
.........
243
92
369
326
747
T o ta l 1893..
144)
50
194
316
50
366
70
95
*3*6*9
......
.........
......
fwiuuu uj. me oea xsiana cotton snipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Sept. 28 at Savannah, for Floridas, common,
11c.; medium fine, 13%c.: choice, 153^c.
Charleston, Carolinas, nominal.
C o t t o n M i l l S t r i k e s , &c.—The Globe Yarn Mill No. 2
located at Fall River resumed work in some departments at
the reduced scale of wages on Wednesday, September 26. It
is reported from New Bedford that the Pierce Mill will start
up within a day or two, and that indications point to a gen
eral resumption of operations within a short time.
J u t e B u t t s , B a g g in g , &c.—The demand for jute bagging
during the past week has been fairly satisfactory and the
market closes firm at 6c. for \% lbs., 6%c. for 2 lbs. and 7 ^ c.
for standard grades. Car-load lots of standard brands are
quoted at 6c. for 1% lbs., 6%c. for 2 lbs. and 7^ c. for 2V lbs.
f. 0# b. at New York. Jute butts are in small supply but are
firmly held at
for paper grades on the spot.
E x c h a n g e s .— The following exchanges have been made
during the week:
•06 pd. to exch. 1,300 Ja n . fo r Feb.
•07 pd. to exch. 100 Ja n . fo r Feb.
•48 pd. to ex ch . 300 Oct. fo r Ju n e .
•05 p d . to ex ch . 100 Oct. fo r Nov.
•12 pd. to exch. 300 Ja n . fo r Mch.
•18 pd. to exch. 200 Dec. fo r Mch.
•18 pd. to exch. 3,500 Oct. fo r J a n .
•06 pd. to exch. 600 Dec. fo r Ja n .
*06 pd. to exch. 2,000 Oct. fo r Nov.
•19 pd. to exch. 200 Oct. fo r Ja n .
»12 pd. to exch. 1,700 Oct. fo r Dec.
•37 pd. to exch. 200 Nov. fo r May.
•13 pd. to exch. 2,100 Oct. fo r Dec.
•44 pd. to exch. 800 Nov. fo r Ju n e.
•03 pd. to exch. 1,200 Oot. fo r Sep.
*25 pd. to exch. 300 Oot. fo r Feb.
*07 pd. to exch. 100 Noy. fo r Dec.
•32 pd. to exch. 3,900 Oot. fo r Mch.
07 pd. to exch. 400 Oct. fo r Noy.
•20 pd. to exch. 400 Oot. fo r Ja n .
•20 pd. to exch. 400 Sept, fo r J a n .
•06 pd. to exch. 100 Deo. fo r Ja n .
•19 pd. to exch. 500 Sept, fo r Ja n .
•06 pd. to exch. 200 Oct. fo r Nov.
•17 pd. to exch. 500 Oct. fo r J a n .
•18 pd. to exch. 1.000 Dec. fo r Mch.
•34 pd. to exch. 100 Oct. fo r A pr.
•03 pd. to exch. 200 Oct. fo r Nov.
H a n d -B o o k f o r D a i l y C a b l e R e c o r d s o f A m e r ic a n ,
E a s t I n d ia n , E g y p t i a n a n d B r a z i l i a n C o t t o n S t a t is t ic s
The twenty-fourth annual issue of the daily cable records
of the principal cotton crops of the world has just been pub
lished by Mr. John Jones of Liverpool. The features of
previous years have all been retained, and the pages are so ar
ranged that the daily and weekly figures for this year as
received can be inserted side by side with those for the previous year. Other interesting matter has been added to the
publication this season. The book will be found on sale at the
office of the Commercial Telegram Bureau 19 Beaver Street.
fng to ^ e n ! and * * * and a parE of these latter are already commie'
T ^ T ^ r+£eles 84tll?.W0I mi 1 h av e eaased m ore a n x ie ty th a n previn, ,„1
F ew in th e m ajo rity of th e p lan tatio n s, th e y h a v e been
n um erous in m an y d istric ts of th e C harkieh. th e D akahlieh
•more
e a s t of th e G arbieh. W here th e fields have been a tta c k e d th e damn116
th e w orm s h av e caused h as been very considerable.
amaS®
5 ^® b av e also boon rep o rte d a t various tim es, esueoiaiiv
•
W J t o W M a A ugust. T hey are sta te d to hlV e b le n f i a r t i l ^
S t of th e w orm s
® dampne88 g e n erated h as fav o re d th e d e v e g
The crop, although slig h tly e a rlie r th a n la s t y ear, is less so than ™
ex pected la s t m onth. The first picking in L ow er E g y p t wiU onl v 2 as
m ence d u rin g th e second fo rtn ig h t of S eptem ber.
yP
nly °°mij* Y,?i!e r Eg/ p t a n d th e F ayoum picking has alread y common
ii,oi°QaU?v,Up’ A ugust h as n o t been so fav o rab le as w as hoped- nero*
th eless th e position is still good, and if n o th in g preludicial
S eptem ber an d O ctober, th e crop th is y e a r w ill be la rg e r th a n m isgs 1
SmppiNG N ews .—The exports of cotton from the UnitP<i
_
'
. .
To H ull, p e r ste am er H indoo,*2,300’* " .................................
o’qn«
To H av re, p e r steam er La C ham pagne, 92 Sea island* I *
q.
To B rem en, p e r steam ers A ller, 4 6 1 ...E m s , 1,069.
' i
To H am burg, p e r steam ers Russia, 1 0 0 ....S o rr e n to ,*100 '**
oaa
To A ntw erp, p e r ste am er W esternland, 7 0 0 ............
‘ ‘
¿aa
To G ottenburg, p e r steam er P olynesia, 3 0 0 .... . ..............
q««
To Barcelona, p er steam er Coude W ilfredo, 2,800 .*'......... 2 snn
G enoa, p e r steam ers Ita lia , 2 2 5 ....K a is e r W ilhelm II*
8
5
2
.
.
.
.
^ tyirr
N e w O r l e a n s —T o Liverpool, p e r steam ers Barbadian", 7*596
’
— D arien, 3,021 — L egislator, 6,600..........................
17 m.
To B rem en, p e r ste am er E uropean, 4 ,5 5 2 .........
.........
G a l v est o n —To H av re, p er steam er K nutsford,
e iqa
Mo b il e —To Y era Cruz, p e r steam er R avensdale, 435 ___ ***'
’435
N e w p o r t N e w s —To L iverpool, p e r steam er Shenandoah, 106
100
b ° sto n —To Liverpool, per ste am er P hiladelphian, 1
l
To Y arm outh, p e r steam er B oston, 30
30
B a l t o io r e —To Liverpool, per ste am er S edgem oreTsoO .........
500
To B rem en, p e r ste am er H. H. Meier, 921
.........
921
P h il a d e l p h ia —To Antwerp, per steamer Illinois, loo"...............
T o tal..
100
44,061
The particulars of these shipments, arranged in our us- al
form, are as follows:
B rem en A ntw ’p BarceL iver
•&Ham- a n a Iona <6
pool. H ull. Havre. burg. Oottenb.Genoa,
New Y ork. 5,022 2,300
92 1.730 1,000 3,877
N. O rleans. 17,211
4,552
G alveston..
6,190
M obile.. ..
N’p ’t ‘News
100
B o sto n .....
1
Baltim ore.,
500
921
P hiladel’a..
100
T o t a l .... 22,834 2,300 6,282 7,203
Below w e add the
cottqn from United
the latest dates:
T.O rus
<6 Tarm outh. Total.
......... 14,021
21,763
6,190
435
435
"3 Ô
100
31
1,421
100
1,100 3,877
465 44’o61
clearances this week of vessels carrying
States ports, bringing our data down to
G a l v e s t o n —To L iverpool—Sept. 26 - S team er Zoe, 6,115.
To H a v re —Sept. 22 -S te a m e r R ounton, 7,826.
T9. B re m e n -S e p t. 2 6 -S te a m e rs E th io p ia, 7,206; Jo sep h John,
vj4:08a
N e w O r l e a n s —T o Liverpool - Sept. 2 4 -S te a m e rs B e rn ard Hall, 6,010;
9 180r r ° '
^ av *gator >5 ,085— Sept. 28 - S team er Jamaican,
To H av re -S e p t. 22 -S te a m e r C anarias, 4,478.
To H am burg - Sept. 21 -S te a m e r Glendo wer, 550.
To R otterdam - Sept. 21 S team er G lendo wer, 277.
To G en o a—Sept. 2 4 - S te a m e r S panish P rin c e, 4,655.
To N a p le s -S e p t. 2 4 -S te a m e r Spanish P rin c e, 100 .
Ch a rlesto n - T o B arcelona Sept. 24—S team er G len wood, 5,628.
P o rt R o y a l -T o L iv e rp o o l-S ep t. 25—S team er N ie*raguan. 7,716.
Wilmington —To B rem en - Sept. 28—S team er Newby, 6,987.
Boston —To L iv e rp o o l-S ep t. 2 1 - S team er R om an, 2,632 ...S ep t. 248te a m e r A nglom an, 4 0 0 ....S e p t. 2 5 -S te a m e r L an castrian , 1,617.
Ba lt im o r e - To B rem en —Sept. 2 6 - S team er W eim ar, 2,241
To A n tw e rp -S e p t. 19 -S te am er O tranto, 350.
P h il a d e l p h ia - T o L iverpool—Sept. 21—S team er K ensingto n , 200.
S a tu r.
Mon.
Tues. Wednes. T h u n .
Fn.
Liverpool, steam .d
S32
332
382
®3i
®32
Do
la te r., d.
• •••
H avre, ste am ...d .
25t
25t
251
251
25t
25t
....
....
Do
s p o t ......<f.
Brem en, s te a m ., d.
e32
964
®64
964
®84
964
Do
l a t e r ... d.
....
H am burg, steam d.
*8
*8
*
H
H
Do
later..d .
....
632
Ams’dam , steam .e. 25-27Jflf 251
25t
251
2 5t
25t
Reval, v ia Hull.«*. U 64®316 1164®732 1164®7S2 1164®732 l l 64®732 n 64®732
Do v. H arnb d. 1164®i}16
....
....
B’lona, d ir e c t...d .
Genoa, s te a m ...d.
964
9fl4
®«4
964
964
964
___
Do
la te r ...d .
Trieste, v.G enoa.d.
®16
®18
®16
316
®16
®16
A ntw erp, s te a m . d.
®S2
3S2
®32 ..
®32
®S2
3S2
t C ents n e t p e r 100 lbs.
L i v e r p o o l .— B y c a b le f r o m L iv e r p o o l w e h a v e t h e follow ing
s t a t e m e n t o f t h e w e e k ’s s a le s , s to c k s , «fee., a t t h a t p o r t :
Se pt em b e r
THE CHRONICLE,
29, 1894.]
Sept. 7.
gales of th e w e e k ............ b a le s
Of w hich e x p o rte rs to o k . .
Of w h ich sp e c u la to rs t o o k .
Bales A m e ric a n ............................
Actual e x p o r t..............................
F o r w a r d e d ..- ....- .....................
Total stock—E s tim a te d .. . . . » ,
Of w hich A m e ric a n —E s tim ’d
Total im p o rt o f th e w e e k -----Of w hich A m e ric a n ............. amount a flo a t.............- .............*
Of w h ich A m e ric a n ................
*
Sept. 14.
62,000
66,000
2,700
1,700
800
500
51.000
58.000
5.000
8,000
62.000
56.000
974.000 *915,000
814.000 765,000
9.000
10,000
9.000
8.000
38.000
20,000
10,000
28.000
Sept, 21,
66,000
3,500
2,100
59.000
7.000
64.000
856.000
710.000
12.000
4.000
56.000
46.000
Sept. 28
78.000
4,800
1,000
71.000
4.000
61.000
799.000
657.000
9.000
5.000
83.000
73JJ00
There has been considerable weakness shown in the market
for Indian corn futures during the past week, due to free
liquidating sales by “longs,” prompted by depressed foreign
advices and the extreme dulness of the consumptive demand.
The spot market has been dull and depressed. Yesterday the
sales included No. 2 mixed at 56c. in elevator and 56@56^c.
delivered; also yellow at 57^£c. in store. To-day the market
was again depressed under selling by “longs,” prompted by
predictions of an increased movement of the crop. The spot
market was dull and lower. The sales included No. 2 mixed
at 55@55%c. delivered.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
UfclilCB y u iu i
Sat.
.0. 58%
58
57%
-0. 55%
55%
The tone of the Liverpool market for spots and futures ea< h
day of the week ending Sept. 28, and the daily closing prices
of spot cotton, have been as follows:
Spot.
Sa tu rd a y M onday. Tuesday. Wednes. T hursd’y. F rida,
Good
Market, \ M oderate
1:45 P. M. J demand. dem and.
buyers’ A ctive.
Q uieter. In fav
o r.
MM.UpTds.
3 S182
32l 32
31832
31832
Spec. & exp.
8,000
500
12,000
1,000
10,000
500
12,000
1,000
F air
business
doing.
3916
39i6
14,000
1,000
12,000
1,000
Futures.
at Steady a t Steady a t Q uiet at Q uiet a t S teady at
Market, ( Steady
1-64 @2-64 1-64 @2-64 p artially 1-64 @2-64 partially 2-64 ad
1:45 P. M. ) decline. advance. 1-64 adv. decline. 1-64 dec.
vance.
Market, ?
4 P. M. \
Very
stead y .
Easy.
Easy.
irregular.
Barely
steady.
Easy.
gp* The p rie et are given in pence a n d 64 the.
3 63-644. and 4 01 m eans 4 1-644.
B a t ., S e p t . 2 2 .
A.
September..
Sept.-0ct...
Oct.-Nov....
Nov.-Dee...
Dec.-Jan....
Jan.-Feb..
Feb.-Mch..
Mch.-April.
April-May..
May-Jnne..
3 33
3 30
3 29
3 30
3 30
3 32
3 33
3 35
3 37
338
M o n ., S e p t . 3 4 .
Tues.
57%
57%
57
54%
55%
Wed.
56%
56%
56%
54
54%
Thurs.
55%
55%
55%
53%
53%
F ri.
54
54
53%
52%
53%
Oats for future delivery held comparatively steady early in
the week on an unexpected decrease in the supply in sight,
but later the continued full movement of the crop and sym
pathy with the break in corn caused a decline. The spot
market has declined under free offerings, prompted by large
supplies.
jr
Yesterday the sales included No. 2 mixed at 32^@S2%c,
in elevator and No. 2 white at 353^@35^c. in elevator. To-day
the market weakened a trifle in sympathy with the decline in
corn. The spot market was moderately active at a shade
lower prices. The sales included No. 2 mixed at 32@32J^c.
in elevator and No. 2 white at 35c. in elevator.
T hus : 3 63 m eans
T u e s ., S e p t. 2 5
Sat,
Septem ber d e liv e ry . .. .. .. o.
0. 33
O ctober d elivery....... ...o
. . 0. . 33%
Novem ber d eliv ery ......
. - o.
. 0. 34%
D ecem ber d elivery......o
. . . 0. 35%
May d elivery...................,.o . 38%
Mon.
33%
33%
34%
35%
38%
Tues.
33
33%
34%
35%
38%
Wed.
32%
32%
33%
34%
37%
Thurs.
32%
32%
33%
34%
37%
F r i.
32
32
33%
34%
37%
Rye has been quiet, but steady, Bariev has been dull and
easier.
The following are closing quotations:
PLOUR.
L o w . O lo s. O p e n H ig h
a.
A.
a.
3 30
3 30
3 30
3 31
3 32
3 34
3 36
3 37
3 39
3 30
3 29
3 30
3 30
3 32
3 33
3 35
3 37
3 38
3 30
3 30
3 30
3 31
3 32
3 34
3 33
3 37
3 39
Lote.
O lo i
O p e n H ig h L o w . O los.
A.
A.
A.
A.
A.
A.
A.
A.
3 31
3 30
3 30
3 31
3 33
3 35
3 33
3 33
3 40
3 31
3 30
3 31
3 32
3 33
3 35
3 37
3 38
3 40
3 30
3 29
3 29
3 30
3 32
3 33
3 35
3 37
3 38
3 30
8 29
3 30
3 31
3 32
3 34
3 36
3 37
3 39
3 28
3 27
3 27
3 28
3 30
3 31
3 33'
3 35
3 36
3 30
3 29
3 80
3 31
3 32
3 34
3 38
337
3 39
3 28
3 27
3 27
3 23
3 30
3 31
3 33
3 35
3 38
3 30
3 29
3 30
3 31
3 32
3 34
3 36
3 37
3 39
T h u r s ., S ep t
37.
333 3 33 333 3 34 3 85 3 34 3 34 3 32 3 35 3 32 3 35
W e d ., S e p t . 2 6 .
O p e n H ig h L o w . O lo s. O p e n H ig h L o w . O lo s.
September..
Sept.-Oot...
Oct.-Nov....
Nov.-Dee...
Dec.-Jan....
Jan.-Feb....
Feb.-Mcb..
Mch.-April.
April-May..
May-June..
Mon.
57
56%
56%
55%
55%
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
Open H ig h
569
F r l.. S e p t. 2 8
O
O p e n H ig h L o w .
a.
a.
a.
A.
A.
A.
A.
A.
A.
A.
A.
3 81
3 26
3 25
3 26
3 27
3 28
3 30
3 82
3 34
3 36
3 31
3 27
3 26
3 26
3 27
3 29
3 31
3 32
3 34
3 36
3 30
3 25
324
3 25
3 26
3 28
3 29
3 31
8 33
3 34
3 30
3 26
3 25
3 25
3 27
328
3 30
3 31
3 33
3 35
3 30
3 26
3 25
3 25
3 26
328
3 29
3 31
3 33
3 34
3 30
3 26
3 25
3 26
3 27
3 23
3 30
3 32
3 33
3 35
3 29
3 25
324
3 25
3 26
3 27
3 29
3 31
3 82
3 34
3 30
3 26
3 25
3 25
3 26
328
3 30
3 31
3 33
3 35
3 31
3 27
3 26
3 27
3 27
3 29
3 31
3 32
3 34
3 36
3 31
328
3 27
3 27
3 28
3 29
3 31
3 33
3 34
3 36
3 28
3 25
3 23
3 24
3 24
3 26
3 27
3 29
3 31
3 32
3 28
3 25
3 24
3 24
3 25
3 26
3 28
3 30
3 31
3 33
F in e.................. $ bbl. $1 75® $2 00 P a te n t, w in te r...........$2 70® $3 00
S u p e rfin e ......................... 190® 2 10City m ills e x tr a s .......
3 35
E x tra, No. 2 . ...............
2 00® 2 25R ye flour, superfine.. 2 60® 3 00
E x tra, No. 1 ...................... 2 20® 2 40B uckw heat flo u r.................. ® . . . .
O iears.............. . . . . . . . 2 25® 2 50 Corn m eal—
S tra ig h ts ........................... 2 50® 3 25 W estern, & o.. . . . . . . 2 80® 3 10
P a te n t, s p r in g ............. 3 25® 3 65
3 20
B ra n d y w in e ............
f W heat flour in sacks sells a t prices below th o se fo r b arre ls.]
GRAIN.
W heat—
S pring, p e r b u s h ..
R ed w in ter No. 2 ..
R ed w in te r.. . . . . .
W h ite.......... ...........
O ats—M ixed,per bu.
W hite.......................
No. 2 m ix ed ......... .
No. 2 w h ite ............
51
55
50
5132
35
32
35
®
®
®
®
®
®
®
®
Corn, p e r b u sh —
0.
64
W est’n m i x e d ...... 54 ®
56%
No. 2 m ix ed ........... 54%®
58
W estern y ello w .. 56 ®
58
W estern W hite___ 56 ®
33% R ye—
39
W estern, p e r bush. 49 ®
32%
S tate an d J e rs e y ............. ®
36
B arley—No.2 W est’n 61 ®
S tate 2-row ed.................. ®
S tate 6 - ro w e d ..... . . . . ®
0.
0.
56
55%
58
58
53
61%
....
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from the figures o f the
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Sept. 22, 1894,,
and since August 1, for each of the last three vears:
Flour.
Wheat.
Com.
Oats.
Barley.
Rye.
Bbls.W&lbs Bush.dO lbs Rush.öd lbs BushJ&a lbs Bush.48 lbs Bu. 56 lbs.
Chicago ...
Milwaukee...
Duluth........
Minneapolis.
Toledo..........
D e tro it......
Cleveland....
3t. Louis.......
Peoria...........
Sansas City.
B R E A D S T U ]F- F s
0.
130,985
72,334
126,152
986,333
202,786
881,000
2,570,250
467,000
105,853
28,441
269,997
21,600
188,085
1,734,898
49,400
1,575,943
165,000
5,008
729,950
091,704
95,491
27,010
23,935
F r i d a y , September 28, 1894.
10,650
The market for wheat flour during the past week has been
1,134
5,300
6,100
6,600
2,160
7,855
50,153
extremely stupid. Demand has been exceptionally slow, a
26,339
18,230
7,358
29,329
decline in the price of the grain having had a tendency to
22,352
85,055
289,780
52,011
13,550
keep buyers back, and prices have been lowered in some in
6,000
161,200
182.600
80,500
4,800
stances 5 to 15 cents per barrel. The most pronounced weak
3,092
53,847
ness has been in spring patents, which have been in liberal
379,347 5,779,954 2,064,806 2,357,700 1,675,995
75,901
supply and freely offered. Rye flour has been in light supply Tot.wk, ’94.
440,583 5,982,026 4,731,747 3,906,216
693,310
69,934
and steadily held. Corn meal has declined about 10 cents per jam e wk,’93.
Same
wk,’92.
8,581,495
339,812
2,933,183
2,993,363
530,023
697,118
barrel in sympathy with a break in corn. To-day the market
Since Aug. I.
for wheat flour was quiet and easy.
1 894.......... 2,653,793 46,158,188 12 859,868 21,834,935 6,202,692
471,952
The trading in the market for wheat futures has been fairly
1893...........
2,559,575 32,248,235 25,673,275 25,273,346 1,241,464
618,197
active, but at declining prices, due to general selling, both 1892............ 2,666,493j 59,363,271
18,803,726 22,060,638 1,753,045 1,936,099
for “ long” and “short” account, prompted by dull and
The receipts of flour and grain at the seaboard ports for the
depressed foreign advices, continued free movement of the
crop, heavy supplies and a disappointing trade in the spot mar week ended Sept. 22, 1894, follow:
Flow ,
Wheat,
Com,
Oats.
Barley,
Rye,
ket, although shippers have been moderate buyers, stimulated
Receipts at—
bush.
bbls.
bush.
bush.
bush.
bush.
largely, however, by the low ocean freights now ruling.
. 167.037 1,517,050 255.250 1,073.500
89,875
4,875
. 89,186
318,718
12,480
200,459
760
700
The sales yesterday included No. 2 red winter at 2]^c.
. 21,330
16,959
under December delivered and %c. under Dec. f. o. b. afloat, Philadelphia.
43,627'
176,394
100.101
. 69.447
10,400
Baltimore......
6,109
Ü 80,530 238,808
68,882
4,625
also No. 1 Northern at 4%(4j5e. over December delivered and R
41,300
ichm ond....
.
1.958
26,300
19.792
1,102
fjo. 1 hard Manitoba at 6c. over Dec. f . o. b. afloat. To-day
. 10,995
36,601
3,000
28,596
the market further declined under free offerings, prompted by
.. 441,089 2.328,871
3Ì6.768 1,508.319
101,035
11,302
weaker foreign advices and heavy movement of the crop at
.. 400,064 2,023,268 1,209,226 1,821,554
21,579
7,528
the Northwest. The spot market has been quiet and easier,
The total receipts at ports named in last table from Jan. 1
lhe sales included No. 2 red winter at
uader Decem to Sept. 22 compare as follows for four years:
c r
ber f. o. b. afloat.
Receipts of—
1894.
1893.
1892.
1891.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
September delivery.........e.
Ootober delivery.............<3.
November d elivery......... o.
December d e liv e ry .....o .
May delivery.................. ..
Sat.
56%
56%
57%
58%
63%
Mon.
Hues.
Wed.
56 %
56 %
57%
58%
63%
55%
56
57%
58%
62%
55%
55 %
56%
57 %
62%
Thurs.
55%
55%
56 %
57%
62%
Fri.
54%
54%
56%
57%
62
Flour................ ...bbls. 14,528,430
13,683,310
13,747,705
10,626,810
W h e a t............. .•bush. 39.363.589
C o m ..................
O a ts ..................
B arley.............. ............ 2,029,699
Rye................... .
71.501,910
39,366,578
36,610.630
2,760,318
910,014
88,986,564
71,130,989
41.242.024
3.170,602
3,139,383
07,614,987
30.682.596
29,208,171
1.912,273
4,778,859
T o tal grain............ 110,170,029
151,149,480
207,669,502
134,196,886
THE CHRONICLE,
570
I V o l , L 1X .
The exports from the several seaboard ports for the week home trade, but fair orders for export have been taken in
ending Sept. 22, 1894, are shown in the annexed statement:
both brown and colored goods. Brown sheetings are steadv
Flowr.
Com.
Oats.
Rye.
Peas. and frequently sold ahead, but even in such instances further
Wheat.
bush.
bush.
bush.
bush.
bbls.
bush.
Exports from—
39,911
2,439
4,172 orders are beiog taken at current prices. Sales of bleached
.. 651,008
103,177
... 51,171
59,733
8,755
cottons moderate at previous prices, and wide sheetings quiet
8,382
7,361
11,616
23,698
M o n treal............... .. 281.814
but mostly well sold. Kid-finished cambrics still held on ba
... 184,000
31.572
.. 136,283
60
64,881
53
sis of 3%c. for 64 squares, but selling slowly thereat; other
2,551
.. 97,981
351
linings in quiet demand at unchanged prices. Denims
.. *0,000
22.799
1,518
sell quietly but are steady at previous range of
prices; ticks and plaids in moderate request; checks, stripes
312.929
..1.442,257
49,077
10,874
7,361
15,788
T otal w eek........
cheviots and colored duck quiet. White goods in limited
328,115
679,150
4,864
Same tim e 1893... ..1,898,384 943,419
supply for spring contracts. Sales of fancy prints moderate
The destination of these exports for the week and since but good deliveries -made on previous contracts and most
Sept. 2 2 ,1893, is as l • low. We add the totals for the corres printers still well sold ahead. In indigo bines, shirtings
ponding periods of last year for comparison:
staples, Turkey reds, solids, etc., sales have been below recent
-Flour.-------- « ,-------- Wheat.-------- , <--------- Corn.
Week Since Sept. Week Since Sept. Week Since Sept. average, but prices are maintained. In ginghams both dress
Eayports for
1.
1894.
Sept.
22.
L
1894.
Sept.
22.
L 1894.
week and since Sept. 22.
stylés and staples are without alteration and limited business
bush.
bbls.
bush.
bush.
bbls.
bush.
Sevt. 1 to—
618,502
99 ,155 2,632,138
1,041
73,747 doing for spring. Print cloths have ruled dull all week at
U nited Kingdom 218,768
116,0(3
8.202
444,102 1,439,749
8,292 2 15-16c. for extras, neither buyers nor sellers showing much
C ontinent........... 41.516
75,530
250
25.688
63,969
S. & C. America.. 22,937
71,496
7,092
21,572 inclination to do business thereat.
W est Indies........ 20,422
B rit. N. A. Col’s.
O ther countries..
9 061
225
T o ta l............... . 312,929
Total 1893............ 328,115
25,-49
1,597
908,717 1,442,257
1,006,186 1,898,381
4,072,137
7,004,946
6,964
6.964
2,308
49,077
943,419
176,852
3,048,8 0
1894.
Stock o f P r in t Cloths—
Sept. 21.
Held by P rovidence m a n u fa c tu re rs . 84,000
P all R iv er m a n u f a c tu r e r s ............... 268,000
1893.
Sept. 22.
170.000
377.000
1892.
Sept 23.
None.
None.
None.
The visible supply of grain, comprising the stocks in granary
T o ta l sto c k (pieces)..................... 352,000
547,000
at the principal points of accumulation at lake and seaboard
W oolen Goods. —The demand for spring weights in wool
ports, ¡Sept. 22, 1894, was as follows:
ens and worsteds has fallen into the hands of the smaller
Barley
Wheat,
Com,
Oats,
Rye,
buyers. Of these a fair number have placed orders but the
bush.
bush.
bush.
I n store at—
hush.
bush.
141.000
2,359,000
New Y ork................... 11,89», 000
1,000 aggregate is moderate.
The clothing trade strikes have had
50.000
108,000
Do afloat............ 221,000
20,(00
12.000
15,000
A lb a n y ......................
. ...
35.000 some effect on the demand, but not nearly so much as they
124.000
144,000
109,000 might have exercised a few weeks ago. Low and medium
B uffalo........................ 1,544,000
"26,000
. Do
afloat..........................
1,953,000
1,494,000
C h icag o....................... 26,058,000
159,000
45,000 grade goods are still in most prominent request and much
Do
a flo a t.........................
more in staple than in fancy lines. In higher priced qualities
79,000
6,000
M ilw aukee.................. 571,000
223,000
there has again been an unsatisfactory demand, few lines
Do
a flo a t............................
D u lu th ......................... 2,370,000
12,000
5,000
241,000 taking orders of any moment. The demand for heavy
Do
a flo a t...........................
weights continues, but is of a fragmentary char
29,000
318,000
31.000
Toledo.......................... 3,261,000
5.000
3,000
16,000
5,000
D e tro it........................ 1,623,000
Moderate sales are reported in cotton-warp and
40.000
150,000 acter.
20,000
Oswego........................
24.000
Overcoatings are
413,000
3,000
St. Louis...................., 6,329,000
1.000 cotton-mixed goods for men’s wear.
Do
afloat............................
25,000
174.000
12,000
C incinnati....................
24,000
20,000 quiet throughout. Cloakings are in continued ‘good re
8,000
197,000
quest and are the best feature in the market at the
B oston.......................... 395,000
17.000
T o ro n to .......................
41,000
45.000 moment; the demand is general and manufacturers can occa
54,000
2,000
M ontreal..................... 576,000
1,000
34.000
327,000
Philadelphia............... 1,644,000
sionally obtain a slight advance for quick deliveries on new
31,000
360,600
P eo ria.......................... 191,000
orders. Woolen and worsted dress goods have ruled quiet in
21,000
43,000
1,000
In d ian ap o lis............... 463,000
23,000
226,000
1,000
K ansas C ity................ 1,513,000
fall weights and business for spring is restricted by reluct
57,000
258,000
15.000
B altim ore.................... 1,408,000
1,000
82,000
28,000
M inneapolis................ 6,703,000
24,000 ance of sellers to name definite prices.
St. P a u l ........................................
F oreign D ry G oods. —Fall trade is restricted to purchases
1,000
1,000
On Mississippi R iver. 121.000
946,000
578,000
On Lakes.................... 1,404,000
543.000 by small buyers and of a general assortment character.
672,000
571,000
25,000
On canal and riv e r... 1,840,000
283.000 Orders for spring are being placed conservatively in dress
4.193.000
Total Sept. 22, 1894.70.189,000
7.844.000
319.000
1.746.000 goods and silks, but some fair business in cotton hosiery and
Total Sept. 15. 1894.69.214,000
4.101.000
8.221.1 00 312.000 1.528.000 underwear is recorded at 10 to 15 per cent under last season’s
7.631.000
4.101.000
Total Sept. 23. 1893.58,693,000
403.000
529.000
9.79», 000
6.680.000
Total Sept. 24,1892.44,962,000
- 772,000
460.000 prices.
8,887,009
5,470,224
T otal Sept. 26,1891.26,861,537
2,538,201
1,263,707
Im p o r ta tio n s a n d W a re h o u se W ith d r a w a ls o f D ry G o o d s .
The importations and warehouse withdrawals of dry gocos
at this port for the week ending September 27, and since Jan. 1,
1894, and for the corresponding periods of last year are as
N ew Y ork , F riday , P. M., September 28,1894.
follows :
Business during the past week has been on a reduced scale,
g
B
H
g
g
and although still better than a year ago has ruled as dull as in
3
K
an ordinary season. New orders have been quite moderate in
g
S
a
g
o
's
gseS âo S
Pi
ct
W3SË
sLm•r <
both number and volume. There have however been good
O=+©
H cj.
|Fr|2*5
:
deliveries made on existing contracts, and continued urgent
8» H 3 g
g: : *
^ ;:
a
m» ®
demand for quick despatch shows that distribution from
Og
2> ts 5/
second hands even if not equal to recent dimensions is still on
a considerable scale. The month of September will not show
Pas great a gain over last September as last month showed
: wè
over August last year, but there are few houses
M M
to
o to
in either cotton or woolen goods which will not record a tan
■vj W'vKIOi
CO to b tom w aoo
a w to
gible increase. The Upward movement in prices of cotton
oo wa>vqco
o mm . co to <1 H
00 w o» C¡<M 01~3<l
^ CO tO <1 to
o» co m oc to
goods has been arrested, for the time being at any rate, but
M M
sellers are still firm in the majority of instances. The con m
Vj ©<i
MtOHtO
w w m o o rn o
M I W<I cocoreo to
tinued decline in the price of raw cotton is producing an im m
to O Ol o o a a c o w
VAJQQ
a>00
oc
m
co to óo
m
'm
w
o
bo
o
bi
w
m
a
b
pression on buyers and inclining them to regard present £» ^ O W COM M
»ja*om £»©
M Oi mtoa>MO
m oom xa
coco
©com
woo
co
w<itoao
to
prices as high enough, even with stocks o f ‘merchandise in GO 1 w e n
H* ^00 GO to
very moderate compass. Although the situation at Fall
a Oi
a
River and New Bedford is unaltered, print cloths are dull at
M
M
to
O Oi
O 00
M OIOI 05^.COWM
mm
1-16c. lower than last week.
W <im W <I io oc to
Oi Oi -£ COCO
w ooaa
< ib
K
>
m
<i
m
co
oo
^
©
m
©
MOO vico
D omestic Cotton Goods. —The exports of cotton goods
Oi OOI » -c o ^ a m
MvJtOOrfir
OQO
from this port for the week ending Sept. 25 were 2,532
<1H
CO
tom w a
00 coco
HW ^^CO
packages, valued at $160,217, their destination being to the
CMP»to CO<1
Oi wio <1 woo to
woo b w o b b
points specified in th*- table bei "
00 <1
ÛOCO o O i CO O CO
bOQOto
o o oocommM
ppGO QOO)
m o comm
to
1894.
bm w xb
V o bbVibb
1893
© ai m comeo to oo
aito co w m m ©
JP»t0v|OO
N e w Y o r k to Se p t . 25.
to o to 00 tOWGOM
oo wto to oi
O i^ w to to to en
T HE
DRY GOODS TRADE.
Week. Stnce J a n . 1.
0£
53
39
209
3
5
325
32
197
1,606
63
T o ta l...................................
China, v ia V an couver*....
2,532
T o ta l.......................... ........
4,489
2,345
69,140
5,755
17,367
6,027
13,288
1,508
6,741
36,046
2,721
Week. Since J a n . 1,
Ill
76
i
81
460
26
76
1,096
49
3,196
1,249
25,610
4,720
8,977
6,016
14,162
1,652
3,418
38,241
2,049
1,976
....
165,427
19,198
....
109,290
24,150
2.532
184,625
1,976
133,440
M tO tO m
^*0w0 Mm<i»--com
O
to^a OiHOSl^O
GOW
^ co
©to
cob
wto
a)it±
m
at oo
CMOiOJCO
to
M tO M tO M
Ciao p o t o W p
b■vir
b cob
M bb
o o w tom
ai 00
tO*v| M © 0 0
OIGO
o toao
to H
IP- oo a
Oi
© oco
w
w wco
to 00
Oi oi
oi meo
w
aa
ab
o vito
Ol a có
Oi if^to
to
COWOICOH
The value of the New York exports since January 1 has
been $8,576,953 in 1894 against $6,527,214 in 1893.
The demand for staple cottons has been quiet from the
M M
MW
Ol if-o
w to a a m
o>to J f ^ p p p
p, to C&7- 05000
aotoon^
© 00 CO© tO
*v|
00
tfîto
00
rfï»
w
00 o
mm
0500
o to i
~Oi \
meo
WWtOM
^oo Mba>
WOJM^O
O *v| MMW
-•‘jifkifkQom
t o O CO00
00 vj WMCO
1 Value.
9
98,868
318,076
866,111
313,701
244,082
G reat B r i t a i n . . . . . ..____. . .
O ther E u ro p ean .....................
C h in a ......................................
In d ia .............. ..........................
A rabia......................................
A frica.......................................
W est In d ie s.......................... .
M exico.....................................
C entral A m erica....................
South A m e r i c a . . . . . . . . . . . . . .
O th er C ountries............. .
MM M
moo a viw
< ia ^ O M
QOMbwV
vKJW
MM tOCOM
OtÈ» wwto Jo
^ pi coco a <5
•»
WCOMCOW
coa m to ^
M tOH*tOtO
co^»w m o
m mVb
CO00 r4m
00 o to W
H rf^am m
(o b iiw M
i^ m o o o x
to to OM to
m ob mo
m o to x c o
moviooco
coxm V io
p* p p < iaom
oo I ookiVwVi
m
p
b
L
i c o a to ^ x s e ,
p ip ip i p if*
i
b b w
m
co
M I O O ìO O ^ H
‘
a
??
?
m i w m <im m __
September 29,1894.1
THE CHRONICLE.
571
ceived until to-day for the purchase of $29,000 of road bonds.
The loan will bear interest at the rate of 4 per cent and ma
ture in 20 years.
Colorado Springs, Col.—(Chronicle, vol. 59, pages 439
T ERM S OF SU B SCRIPTIO N .
and 486.)—On September 19 ten bids were received for the
purchase of $75,000 of 10-15-year construction water gold
C om m ercial a n d F in a n c ia l C H R O N IC L E con bonds, $65,000 of 5-15-year refunding water gold bonds and
$20,000 of 10-20-year sewer construction gold bonds. All of
tains 40 to 6 4 pages, published every week,
the bonds bear interest at the rate of 5 per cent, payable semi
State a n d C ity S u p p le m e n t of CHRONICLE! con annually. The award was made to Messrs. E H. Rollins 8c
tains 1 8 0 pages, published periodically.
Son, of Denver, on terms shown in the following complete list
Investors’ Supplement of CHRONICLE! (a Cyclo of the proposals received :
B lair & Co., New York, bid $161,101 50 an d accrued in terest.
pedia of Railroad Securities) contains 1 6 0 pages, published
Illinois T ru st & Savings Bank, Chicago, h id $160,000 and accru ed in
te re st, less S I,978 com m ission.
every other month.
_________
E d w ard P erris, Colorado Springs, b id for $"’5,000 co n stru ctio n w a te r
S tate a i m C ity D £ ? a * t w £Wt ,
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
which includes every issue of both Supplements.
Terms of Advertising—(Per inch space.)
O netim e.......................- ........ $3 50 I T hree M onths (13 tim e s )..$25 00
One Month
(4 tim e s).. 11 00 Six Months
(26 tim e s).. 43 00
Two Months
(8 tim e s).. 18 00 I Twelve Months (52 tim es).. 58 00
(The above term s for one m onth an d up w ard are fo r sta n d in g c a r d s .)
T h e p u r p o se o l th is S ta te a n d C ity D e p a r tm e n t
is to furnish our subscribers with a weekly addition to and
continuation of the State and City Supplement. In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
aha.ll analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and City Supplement to as near the current date as
possible. Hence if every Subscriber w ill note in his Supple
ment on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
Caseyville and Lindle Districts, Kentucky.—It has been
reported this week that the inhabitants of Caseyville and
Lindle magisterial districts in Union County, Kentucky,
have armed themselves for the purpose of resisting the
collection of taxes for the payment of old railroad-aid bonds.
We are informed that $75,000 of these securities issued in
1871 and 1872 are held by parties in Davenport, Iowa, and it
is stated that the total debt of the two districts with interest
to date is $805,000, or about one-third of the value of both real
and personal property. The population of Caseyville, according
to the 1890 Census, was 2,917 and that of Lindle was 909.
bonds $74,633; fo r $65,000 refunding w ater bonds, $64,682; fo r $20,00«) sew er co n stru ctio n bonds, 814,9 >3.
C entral T ru st Com pany, D enver, Colo., bid fo r $75,000 co n strn o tio n
w *ter bonds $75,250; fo r $35, »00 refu n d in g w a te r bonds, $85,120; fo r
$20,000 sew er co n stru ctio n bonds, $20,076.
W. J . H ayes & Sons, Cleveland, Ohio, bid $160,000, less com m ission
of S I,50»>.
E .H . G ay & Co.,Boston,M ass., bid $160,000, less com m ission of S I,600.
E d w ard P erris, Colorado Springs, Colo., bid fo r $ 7 o,0 j 0 co n stru ctio n
w a te r bonds $7 5,150.
M ason, Lewis & Co., Chicago, 111., bid fo r $160,000 bonds $160,200,
w ith o u t in te re st.
N. W. H a rris & Co., Chicago, 111., fo r $75,400 co n stru ctio n w ater
bonds a n d $20,000 sew er co n stru ctio n bonds, bid $95,187 a n d accru ed
in terest. P or $65,000 refunding w ater bonds, bid $65,000, less a com
m ission of 2 5-16 p e r cen t u p o n face valu^ of bonds.
E. H. Rollins & Son, D enver, Oolo., bid fo r «75,000 constrn o tio n
w a te r bonds $75,772 50 au d accrued in terest; fo r $65,' >00 refu n d in g
w a te r bonds, $65,0 34 50 a n d accrued in terest; fo r $20,0 »0 sew er con
stru ctio n bonds, $20,206 an d accru ed in terest. B onds to be ta k e n u p
a t Colorado S prings an d b lan k bonds to be fu rn ish ed free of co st to th e
city.
The city’s bonded indebtedness, not including the abovementioned loans, consists of $520,090 of water-works bond-»,
$75,000 of sewer bonds and $40,000 of bridge and viaduct
bonds. The city’s assessed valuation is $5,867,225, the real
value of property being estimated at $20,000,000. The annual
receipts from water are $55,000. U. S. Oeasus (1890) popula
tion was 11,800, and the figures for this year are placed at
16,000.
Columbus, Da.—An election will be held December 8 to
vote on issuing $350,000 of 4)^ per cent 30-year water-works
bonds.
Cuthbert, Da.—(Chronicle, vol. 58, pages 787 and 1003.)—
Proposals will be received until October 15 by Robert L.
Moye, Mayor, for the purchase of $40,000 of water works
bonds and $10,000 of electric-light bonds.
Cuyahoga County, Ohio.—(Chronicle, vol. 58 page 877.)—
Bids will be received until October 3 for the purchase of
$150,000 of bridge bonds, the loan to bear interest at the rate
of 5 per cent and to run 10 year s.
Dayton, Ohio.—(Chronicle, vol. 59, page 244.)—Bids will
be received until October 24, 1894, by City Comptroller C. A.
Herbig, for $375,000 of 6 p. c. street-paving bonds. Interest will
be payable semi-annually in New York City, and the loan will
mature, part yearly, from Nov. 1, 1895, to Nov. 1', 1904.
Bids must be for the entire amount of the securities offered,
and mutt be accompanied by a certified check drawn on a
national bank for 5 per cent of that amount. All of the bonds
will be delivered to the purchaser at the City Treasurer’s office
on November 1, 1894, when the entire amount of the purchase
money must be paid.
With the foregoing announcement the City Comptroller
sends the following statement of the financial condition of
the city:
Tacoma, Wash.—According to a telegraphic report pub
lished by the New York Evening Post the city of Tacoma has
begun suit in the Superior Court against the Tacoma Light
& Water Company for $1,000,000 damages for alleged false
and fraudulent representations in the sale of its light and
power to the city for $1,750,000.
It is set forth that the company falsely represented that the
Thomas and Patterson springs when extended would furnish
GENERAL BONDS.
the city ten million gallons of water per day; that the springs
c ip a l an d in te re s t payaD le from d ire c t t a x u p o n th e g en eral
do not furnish more than 2,500,000 gallons a day, and are u t d uPprin
lic a te .
terly worthless to the city; that the plant is not now, and was N ovem ber 1 ,1 8 9 4 ............................................................................ $2,499,000
788,000
not at the time it was sold to the city, of greater value than W ater d e b t...........................................................................................
N et d e b t................. — — — ............... ................................. $1,711,000
$750,000. The plant was purchased July 1, 1893, the city pay
SPECIAL IMPROVEMENT BONDS.
ing for it in bonds.
P rin c ip a l an d in te re st p ay able from assessm ents up o n a b u ttin g o r
benefltted p ro p erty .
N ovem ber 1 ,1 8 9 4 , inoluding th is issue w ill b e ........................ $1,436,165
B o n d P r o p o s a ls a n d N e g o t ia t io n s .—We have re
VALUATION.
served through the week the following notices of bonds A ssessed v alu atio n , 1 8 9 3 ...............................................................
$40,670,750
recently negotiated and bonds offered and to be offered for T rue v a lu a tio n ......................................... 2 ..................................... 100,000,000
POPULATION.
Bale.
Albany, Da.—Six per cent water bonds to the amount of
$3,000 have been issued to the Frictionless Metal Company of
Richmond, Va., in payment for work done for the city. Onehalf of the securities mature December 1, 1895, and the re
mainder on March 1, 1896.
Attica, Ohio.—(Chronicle, vol. 58, page 831.)—Proposals
will be received until October 22 by W. H. H. Miller, Village
Clerk, for the purchase of $15,0u0 of water-works bonds.
Brightwood, Ind.—An election held September 22 to vote
on issuing bonds for water works resulted in favor of the
proposition.
Charleston, S. C.—(Chronicle, vol. 59, page 299.)—On
September 20th $62,500 of 5 per cent city bonds due October
1,1924, were sold to E. M. Moreland of Charleston at 101'25.
There were six bids made for the loan. Interest will be pay
able semi-annually on April 1st and October 1st.
Cincinnati, Ohio.—(Chronicle, vol. 58, pages 1045 and
1118, and vol; 59, pages 163 and 299.)—Proposals will be re
Census 1 8 9 0 .............. ................................................................................. 62,220
O ctober 1 ,1 8 9 4 .............. : . . ...................................................... ...............85,000
Defiance, Ohio.—(Chronicle, vol. 59, page 3 8 4 )—It is re
ported that $25,000 of 5 per cent refunding boads offered for
sale September 18 have been sold at 103 and that five per cent
street improvement bonds to the amount of $46,000 offered for
sale at the same time were not disposed of.
D istrict of Colnmbia.—(Chronicle, vol. 58, page 1082,
and vol. 59, pages 83 and 384 ) —Proposals will be received
until October 1 by the United States Treasurer for the pur
chase of registered bonds to the amouat of $LO,000, the Securi
ties to bear interest at the rate of 3 65 per cent.
Everett, Wash.—(Chronicle, vol. 58, pages 649 and 787,
and vol. 59, page 300.)—City Treasurer S. E. Thayer reports
that the proposition to issue $50,000 of sewer and road bonds
has been reported on unfavorably bv the C »mmittee of the
Common Couacil which had the matter under consideration,
and that no further action will be taken on the subject for the
present.
THE CHRONICLE.
572
Floyd County, Ga.—An election will be held in this county
on November 6 to vote on issuing $40,000 of bonds, the loan
to bear interest at the rate of 4 per cent.
Fulda, Minn.—(C h r o n i c l e , vol. 59, pages 344, 384 and 486.)
We are notified by J. M. Dickson, Treasurer of this munici
pality, that bids will be received until October 6th for th e
§10,000 of water-works bonds which failed to sell when first
offered last month. Interest will be payable annually and the
loan will mature at the rate of $1,000 yearly after 1904. Fulda
has at present no debt whatever and its assessed valuation of
real estate for 1894, which is- one-fourth of actual value, is
$79,000; personal property $49,000; total $128,000.
Flushing, N. Y.—(C h r o n i c l e , vol. 59, page 344.)—It is re
ported that $25,000 of 4 per cent refunding bonds of Flushing
have been awarded to N. W. Harris & Co. at 100-81. The
bonds mature at the rate of one bond yearly from 1895 to
1919. Interest is payable semi-annually on April 1 and Oct.
1 at the Flushing Bank.
Fulton County, Ga.—The people of this county will
vote on October 3 on the proposition of issuing
per cent
bonds to the amount of $150,000, for the construction of a ne w
jail.
Gibson City, 111.—Water-works bonds of Gibson City to
the amount of $20,000 have been voted by the Council.
Glencoe, Wis.—The citizens of Glencoe will vote October 1
on the proposition of constructing water works at an esti
mated cost of $25,000, for which bonds will probably be issued.
Grenada, Miss.—(C h r o n i c l e , vol. 59, page 384.)—Mayor
B . C . Adams writes the C h r o n i c l e that at an election held
this month the proposition to issue water-works bonds for
$20,000 failed to carry by seven votes.
Hamilton County, Ohio.—(C h r o n i c l e , vol. 58, page 1119,
and vol. 59, pages 164, 344, 486 and 525.)—Sealed proposals
will be received until to-day for the purchase of $29,000 of
road bonds dated October 1, 1894, and payable Oct. 1, 1914.
Interest at the rate of 4 per cent will be payable semi-annu
ally.
Humboldt, Neb.—(C h r o n i c l e , vol. 59, page 486.)—On Sent
18 the citizens of Humboldt voted on the question of issuing'
water-works bonds to the amount of $12,000 and the propo
sition was carried by a large majority.
Proposals will be received until October 12 for the purchase
of $12,500 of water-works bonds.
Huntsville, Ala.—Proposals will be received until October
1 for the purchase of 5 per cent 30-year sewer bonds to the
amount of $10,000.
Ironton, Ohio.—(C h r o n i c l e , vol. 58, pages 565, 954,1046
and 1119, and vol. 59, pages 38, 126 and 439,)—Bids will be re
ceived until October 17 by George H. Davis, City Clerk for
the purchase of $5,689 of 6 per cent street improvement
bonds.
Itasca, Minn.—Bids will be received until October 13 at the
office of Angus McIntosh, County Auditor, for the purchase
of $19,938 80 of jail bonds. The loan will be dated October 1
1894, will bear interest at the rate of 6 per cent, payable semi
annually, and will mature in 20 years, both principal and in
terest being payable in New York City.
Johnstown, N. Y.—The citizens of Johnstown will vote
October 2 on issuing $75,000 of water-works bonds.
Kalamazoo, Mich.—Electric-light bonds of Kalamazoo to
the amount of $40,000 have been authorized, the loan to bear
interest at a rate not exceeding 4J^ per cent and to become
due in 5 years.
Long Meadow, Mass.—(C h r o n i c l e , vol. 59, page 487.)—Four
per cent 20-year water bonds of this town to the amount of
$15,000 will be issued in about two months. The securities
will not be put upon the market, we are informed by Treas
urer Medlicott, as local investors stand ready to take them at
a high premium.
Los Angeles, Cal.—An election will be held at Los Angeles
to vote on issuing $200,000 of bonds for water-works.
Louisville, Ky.—(C h r o n i c l e , vol. 59, pages 245 and 344.)
—An ordinance authorizing a large issue of park improve
ment bonds will be submitted to the people of Louisville at
the next election.
N E W LO AN S.
N E W LO A N S.
Water Bonds of the City of
Portland, Oregon.
of the w ater
Committee
N EW
LO A N S.
$115,000
$ 4 0 0 ,0 0 0
Office
[V ol. LIX.
of the )
City of P ortland, ore ., Sept., 18,1894. 5
Sealed Proposals will be received a t th is office tin tli
M onday, October 8th, 1894. a t 3 PM ., fo r th e whole or
any p art of fo u r h u n d red th o u san d dollars ($100,000)
o f th e bonds o f said city In denom inations of one
th o u san d dollars ($1,000) each, dated Ju ly 1st, 1893,
payable th irty (30) years from d ate and bearing
in te re s t a t th e ra te of five (5) per cen t per annum ,
payable on th e first days of Jan u a ry and Ju ly of
each year, principal an d in te re s t payable in u . S.
gold coin a t th e office of th e T reasu rer of said city.
Said bonds to be paid fo r a n d delivered to th e p u r
chaser on th e fifteen th day of October, 1894, th e
bidder to pay th e accrued in te re s t from Ju ly 1st,
1894, to d ate of delivery in addition to th e price bid.
These bonds are issued u nder au th o rity of an A ct
of th e Legislative Assembly of Oregon, passed Feb
ruary 16th, 1893, th e proceeds to be used fo r th e
construction of w ater works, and will be delivered
w ith coupons attach ed fo r in te re st from Ju ly 1st,
1894. T he successful bidder will be required to de
po sit w ith in forty-eight hours a fte r th e aw ard of
th e co n tract a n approved certified check fo r five
per c en t of th e par valu e o f th e am o u n t of bonds
bid for, payable a t Portland, Oregon, to th e order of
th e Clerk o f th e W ater C om m ittee of th e City of
P o rtland, Oregon, as liquidated damages in case th e
bidder should fail or neglect to ta k e and pay fo r th e
bonds according to th e term s of th e proposal and
th e contract. The rig h t to re je c t any or all bids is
reserved. T he sealed envelopes containing proposals
should be addressed to th e undersigned a n d m arked
“ Proposals fo r P u rch ase of W ater B onds,”
By order o f th e W ater Committee.
FR A N K T. DODGE,
Clerk o f th e W ater Committee.
$ 3 0 0 ,0 0 0
G e rm a n -A m e ric a n
I n v e s tm e n t C o .,
5 2 W A L L S T ., N E W Y O R K .
(Ground Floor, opposite Custom House.)
High Grade Municipal Bonds
for investment by Savings BanJcs
and Trustees. Descriptive circular
sent upon application.
W . J . H a y e s & S ons,
S IN K E R S ,
Dealers in MUNICIPAL BONDS.
O. H. W H lt E & CO.,
BANKERS,
72 B R O A D W A Y ,
-
NEW YORK.
$ 7 5 ,0 0 0
City of Derby, Conn.,
M a tu rin g J u ly 1 , 1 9 1 4 .
P r in c ip a l and I n te r e s t P a y a b le in Gold.
P rice and P articulars on A pplication.
F a r s o n , L e a c h & C o .,
Street Railway Bonds and other high grade in 2 W A L L S T R E E T ,
vestments.
3 1 1 - 3 1 3 S u p erior S t ^ d
40-42 Wall St.,
BONDS OF
7 E xch an ge ^ a c c . ^ ^
New York
DUE JU L Y 1, 1923.
6% Gold 10-40 Year Court House Bonds.
D ated A ugust 18,1893.
P ayable in New York.
A ssessed v a luation ..............$30,031,653
T otal B onded D ebt.............. 1,028,950
P opnlation, 188U, 30,470; 1890, 49,266; 1894, 57,000.
B exar County is one of th e largest and best in the
S tate of Texas. T he City of San A ntonio is County
Seat. T he County has varied agricultural interests,
a n d six railroad o utlets diverging from San Antonio.
T he Indebtedness is low, being less th a n 4 per cent
of th e assessed valuation, and th e financial standing
of th e County is of th e highest order.
T hese bonds are issued u n d e r th e stringent gen
eral laws of Texas, which re n d e r th e m legal under
certificate of th e A tto rn ey G eneral of th e State.
P rice a nd fu rth e r inform ation upon application.
20-YEAR FUNDING GOLD 4s,
5 PER GENT GOLD WATER LOAN
P O R T LA N D , O R EG O N ,
B EX A R C O U N T Y , TEX A S,
-
NEW Y ORK.
W . N . C o l e r & C o .,
BA N K ER S.
Cable Address, “KENNETH.”
Rudolph Kleybolte & Co.,
-
M U N IC IP A L B O N D S .
In v e stm e n t B a n k e r s ,
K id d e r , P e a b o d y & C o .,
3 0 W e s t T h ird S tr e e t,
Cincinnati,(oirituj
113 Devonshire St., Boston.
Choice Investment Bonds of Cities,
A r c h ’d , J . C . A n d e r s o n ,
Counties and School Districts.
P U B L IC ACCO UNTANT,
127 W ater Street.
NEW YOHJR
LISTS MAILED UPONgAPPLICATION.
34 NASSAU STREET.
WM. FR A N K LIN H A LL!
BOOKS
ACCOUNTANT AUDITED
New forms designed for books of account.
Settlement of Insolvent Estates.
418 Exchange Building, 63 State Street, Bostoo
THE CHRONICLE.
September29,1894.]
573
L e x in g to n , Ky.—(C h r o n i c l e , vol. 59, pages 345, 884 and
Marseilles, 111.—School bonds to the amount of $10,000
^g7 )_The following bids were received on September 18th* have been voted.
for 4^ Per cent ^rick street bonds to the amount of $150,000: '
Martin’s Ferry, Ohio.—(C h r o n i c l e , vol. 58, pages 744 and
Bidders.
P rem ium
915, and vol. 59, page 440.)—The people of this town voted on
■Rudolph. Kleybolte & Co................... ...............................................$4,950 00
September 33 in favor of issuing $30,000 of electric-light
V, H. Rollins & Son ................................................................................................................ .
4,176 OC
bonds.
f ia ir & C o . . . . . . . . ............................................................... r , ~ ........ 4,049 00
street, Wykes & Co..................... ....................................................... 3,651 00
Nevada, Mo.—(Chronicle , vol. 59, page 487.)—City Clerk
Sea8ougood& M ayer.....: . . . . . . . .............. ................................ 3,213 75
Frank P. Anderson notifies the Chronicle that 5 per cent
C. H. White & Co....... ...... . ................................................................. 3,110 00
Dei'z,Denison<fc Co............................................................................ 3 ,1 5 0 0 0
funding bonds to the amount of $13,000 are being offered for
w \f. H arris & C o........................... ................................................... 3,065 00
sale. The securities will mature in twenty years from date,
IUinois T rust & Savings Co.............................................................. 1,728 00
but are subject to call after five years. Interest is payable
Parson, Leach & Co----- . . . . . . . . . . . . . — . . . ........ ........................... 1,100 00
semi-annually (April and October) at the National Bank of
Charles S p in k s & S o n s b id p a r a n d i n t e r e s t . M e ssrs R . P .
Commerce,
in St. Louis, Mo.
Stoll a n d W ill. J . L o u g h r id g e o f t h e H u n t i n g t o n C o n s tru e *
The total debt of the city, including this new issue, is
tion C o m p an y a ls o p r o p o s e d t o t a k e t h e b o n d s a t p a r a n d i n
$33,000; assessed valuation, real estate, $3,000,000; personal
terest.
The bid of Messrs. Kleybolte & Co. was withdrawn after property $500,000; total, $3,500,000. Property is assessed at
the award had been made to them, and the bonds were subse about 4-5 of its actual value. The total tax per $1,000 is $33 50.
Population, according to local estimate, is 8,500.
quently awarded to Messrs. Rollins & Son.
New Paynesville, Minn.—Village Recorder Alfred T. Wat
4 The securities will be dated September 1, 1894, and interest
will be payable semi-annually (M. & S.) at the Hanover Na son notifies the C h r o n i c l e that bids will be received until
tional Bank, New York City; About $60,000 of the amount October 8th for 6 per cent 30-year bonds to the amount of
will be made payable in 40 years and about $90,000 in equal $5,000.
instalments in from one to ten years.
New Ulm, Minn.—(C h r o n i c l e , vol. 58, pages 745 and 916,
Lyle, Minn.—J. C. Curran, Village Recorder, will receive and vol. 59, pages 39 and 84.)—It is reported that 5 per cent
proposals until October 13 for the purchase of $5,000 of water 10-year refunding bonds of New Ulm to the amount of $30,works bonds. The loan will bear interest at the rate of 6 per 000 have been sold at lOS’Offi.
Norwood, Ohio.—(C h r o n i c l e , vol. 58, pages 877, 916,
cent. ■ _, .....
,;.v .
,
955, 1004 and 1083, and vol. 59, pages 39. 84, 164, 303, 300 and
Manchester, N. H.—(C h r o n i c l e , vol. 58, pages 787, 915 and 487.)—Proposals
will be received until October 15 by W. E.
1046, and vol. 59, pages 346, 300 and 487.)—It is reported that
Village Clerk, for the purchase of 5 per cent 30 year
water-loan bonds of this city to the amount of $50,000 offered Wichgar,
for sale Sept. 30 have been awarded to N. W. Harris & Co. at water-works bonds to the amount of $15,000.
Oregon, Mo.—The citizens of Oregon are considering the
104’79. Eleven bids in all were received for the bonds. The
loan is dated October 1, 1894, and payable October 1. 1914, at advisability of issuing bonds for water-works.
the City Treasurer’s office. Interest at the rate of 4 per cent
Perkins County, Neb.—Perkins County has voted to issue
is payable in April and October at the Suffolk National Bank, $90,000 of irrigation bonds. The report to the effect that
Boston, Mass.
Gosper County had voted a loan of this character is incorrect,
Mankato, Minn—(Chronicle , vol. 59, page 348.)—It is re
Ridgway, Pa.—Ridgway, Pa., has issued $15,000 of 4 per
ported that this city has sold $67,000 of 5 per cent 30-year cent municipal improvement bonds. The securities fall due
bonds for $71,100.
September 33, 1894, but are subject to call after September 33,
M IS C E L L A N E O U S .
MUNICIPAL
BONDS
M IS C E L L A N E O U S .
M U N IC IP A L
BONDS
P R IC E
AND
P A R T IC U L A R S
UPON
A P P L IC A T IO N .
PARTICULARS UPON A P P L IC A T IO N .
Street, Wykes & Co.,
4 4 W A L L STR EET,
MEMBERS OF T H E NEW YORK AND BOSTON
STOCK EXCHANGES.
DEALERS IN COMMERCIAL P A PE R .
-
NEW Y O R K .
8 . H . W o o d P r o d u c e C o .,
6 W ALL STR EET,
96 BRO A D W A Y ,
5 P IN E S T R E E T , N. Y .
B la k e B r o t h e r s & C o . ,
9 1 3 to 9 1 7 G u a ra n ty L o a n Building:,
M in n ea p o lis, M in n .
38 STA T E S T R E E T ,I ¡BO STO N.
B ay an d sell a ll k in d s of g ra in an d p ro d u ce
th e M inneapolis an d Chicago m arkets.
W rite fo r o u r SPEC IA L MONTHLY AND
A IL Y M A RKET LETTERS.
COMMISSION ie.
Telephone, 951 C o rtla n d t
3 NASSAU
S T ., N E W
YORK.
P a rk in s o n & B u r r ,
N . H o lm e s & S o n s,
BAN K ERS,
P IT T S B U R G , P E M .
For Investment.
FOR INVESTMENT.
M IS C E L L A N E O U S .
H a tc h & F o o te ,
CORRESPONDENTS
B ank of New York, N. B. A.
F irst N ational B ank of Philadelphia.
C a sp e r W ittm a n , J r .,
MnmhAT 5 New York C otton Exchange,
M emoer | consolidated Stock Exchange.
N oe. 6 0 - 6 3 B r o a d w a y , N . Y .
Call or w rite fo r pam phlet explaining W all Street
speculations, tog eth er w ith a record of
T h irty -fo u r Y e a r s In W a ll S tr e e t w ith
B u rlin g to n , R o ck Isla n d and S t. P a u l.
Commission 1-16.
M argin 3 to 6 per share.
M ORTGAGE LOANS
IN
TEXAS.
7 P e r C ent an d 8 P e r C ent N et.
NO COMMISSIONS charged borrow er or lender
u n til loans have proven good.
F R A N C IS S M IT H & CO.,
SA N ANTONIO . T E X A S .
G a s to n H a rd y ,
BROKER.
BANKERS AND BROKERS,
BAN K ERS,
Southern Securities.
16 B R O A D W A Y .
NEW YORK.
No.
7
PINE
STREET, NEW YORK. 38 W ALL S T R E E T . - NEW YORK,
BOSTON O FF IC E , 5 3 S T A T E S T .
Members of th e New Y ork and Boston Stock E x
INVESTMENT SECURITIES.
Marine Insurance Co., Limited,
changes. P rivate wire betw een th e tw o offices.
Information given in regard to all B oston securities W u . M. H a b r im a n , M ember N. Y. Stock Exchange.
of London.
ana quotations furnished.
N ic h o l a s F is h .
Ol iv e r H a r r im a n , J r .
A S S E T S , J A N . 1 , 1 8 9 4 ......... ...$ 5 ,6 6 9 ,3 8 3
W . H * G o a d b y & C o .,
BANKERS AND B R O K E R S,
N o.
34
BRO AD
S T R E E T
N ew Y o rk
G ilm a n S o n & C o . ,
BANKERS, i
NO. S 3 C E D A R S T R E E T .
H a r r im a n & C o .,
E Q U IT A B L E B U IL D IN G , N E W Y O R K .
BANKERS AND BROKERS,
In su re s B o n d s,
T ran sa ct a G eneral B anking a nd Stock Exchange
Business.
SECURITIES, CURRENCY and SPECIE
CLA PP
REGISTERED MAIL OR EXPRESS
& CO M PA N Y,
BAN K ERS,
M IL L S B U IL D IN G ,
N EW Y O R K ,
Solicit orders in Stooks, C otton, G rain & Provisions.
B ranch Offices:
SENT BY
A G A IN ST A LL
R ISK S.
C H U B B & SON,
277 Broadway, (Corner Chambers Street,)
GEN ERA L AGENTS,
*? Motion to a General Banking Business, Buy
671-Broadway, (Broadway C entral H otel,)
multlM 6oTBrameE‘ Bonds and Investment Be- DEPOSITS RECEIVED. IN TER EST ALLOW ED, 5hSe 7 S . W illia m S t.,
N EW Y O R K ,
574
THE CHRONICLE
1899. Interest is payable semi-annually (March and Sep
tember) in Ridgway. The place has a floating indebted
ness of $8,000, making the total municipal debt $18,000.
The assessed valuation of real estate and personal property is
$380.000, being about % of actual value, and the total tax per
$1,000 is $28.
Steubenville, Ohio.—(Chronicle, vol. 58, page 652, and
vol. 59, page 488.)—Bids will be received until October 1 at
the office of James M. Reynolds, City Clerk, for the purchase
of $125,000 of water-works bonds. The loan is dated Sep
tember 1, 1894, bears interest at the rate of 4 per cent, pay
able semi-annually on March 1 and September 1, and matures
in 30 years, with an option of call at the expiration of each
six months from and after 20 years from date.
Taos County, N. M.—Bids will be received until October
15 for the purchase of $5,000 of bonds. The loan will bear
interest at the rate of 6 per cent, and will run 30 years, with
an option of call after 15 years.
Toledo, Ohio.—(Chronicle, vol. 58, pages 652, 746, 788, 878,
1005, 1048 and 1084, and vol. 59, pages 89, 203, 441 and 526.)—
It is reported that the people of Toledo will vote this fall on
issuing $200,000 of bonds for the construction of a bridge
across the Maumee River.
Tolono, 111.—Bonds of this village to the amount of¡$5,000
have been voted for water works.
Trenton, N. J.—(Chronicle, vol. 58, page 1048, and vol. 59,
pages 247 and 303.)—It is reported that this city has sold
$23,000 of 4 per cent bonds at par. The loan becomes due in
10 years.
Union City, Mich.—(Chronicle, vol. 59, page 387.)—Bonds
to the amount of $25,000 have been voted, $20,000 for water
works and $5,000 for an electric-light plant.
Van Wert, Ohio.—(C h r o n i c l e , vol. 59, page 387)—Six
per cent bonds of this inunicipality to the amount of $19,150
were sold on September 24 as follows : Seven thousand five
hundred and twenty-five dollars of 2 to 8 year bonds at a pre
mium of $330 and $2,250 of 2 to 11 year bonds at a premium
of $100 to George H. Marsh, of Van Wert, and $9,375 of 2 to
FIN A N C IA L.
Long distance T elephone :
“ 114 CORTLANDT.”
NO. 2 0 N A S S A U S T ., N E W Y O R K .
FOR $ 7 ,5 2 5 OF 2 TO 8 YEAR BONDS.
Geo. H . M arsh, V an W ert, O h io ...............................................
Seasongood & M ayer, C incinnati, O h io ........................ ........................
S pitzer & Co., C leveland, O h io ................................... ......... ..................
L am p rech t B ros. Co., Cleveland, O h i o . . . . . . ................ .......................
V an W ert N at. B ank, V an W ert, O hio......... ..........................................
R udolph K leybolte & Co., C incinnati, O hio....... . . _„!'....................
Z. T. Lew is, D ay to n , O h io ............... . . . . ; . ___ . . . . . . . . . . . I I I ! ! '......... 255
FOR $9,375 OF. 2 TO 6 YEAR BONDS.
V an W ert N ational B ank, V an W ert. O h io .................. .
Geo. H . M arsh, V an W ert, O hio........................................
Z. T. L ew is, D ayton, O lio ...................................................
M. H . D odge, C leveland, O hio.............................. ..- ..." .I "
FOR $ 2 ,2 5 0 OF 2 TO 11 YEAR BONDS.
Railroad and Investment Securities. B A N K E R S
So u t h e r n Se c u r it ie s a Sp e c ia l t y .
ALL N. Y. CITY STREET RAILROAD
And o th e r In v estm en t S e c u r itie s d e a lt In bv
R . J . J a c o b s & C o .,
STREET, NEW YORK,
m em b er s n . y . stock e x c h a n g e .
Orders in Stocks and Bonds executed for c a s b or on
Margin.
53
Premium,
........ $375
........ 365
........ 255
- ........ 240
Geo. H . M arsh, V an W ert, O hio.................................................... Premi ^
Seasongood & M ayer, C incinnati, O hio................................. .............
Z. T. Lew is, D ayton, O h io ...................................... ........................
W. J . H a y e s '& S ons,C leveland, O h io .................... c___ ....................
,9
M. H . Dodge, C leveland, O h io .............. ...........................III!.'..* !!""" 60
Watertown, Wis.—Five per cent sewer bonds to the amount
of $18,000 have been authorized by the council.
W ellesley, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 32 )
—Four per cent bonds of this city to the amount of $24 000
maturing at the rate of $2,000 yearly from 1895 to 1906 have
been awarded to Messrs. R. L. Day Sc Co. There were six
other bidders for the loan, as follows :
B lake B ros. & Co.....................
N. W. H a rris <fc Co....................
B rew ster, Cobb & E stabrook.
B lodget, M e rritt & Co. . . . . . . .
K idder, Peabody & Co............
Ja m es W. L o n g street & C o ...
.101-28
.101-28
101-27
.100-896
.100-57
.101-00625
Yonkers, N. V.—(Chronicle, vol. 58, pages 649, 746 and
957, and vol. 59, pages 128, 165, 241, 345, 387 and 527.)—It is
reported that $50,000 of Yonkers water bonds have been sold
to N. W. Harris & Co. for a premium of $3,907. The bonds
bear interest at the rate of 4 p. c. and become due Apr. 1, 1922.
York, Pa.—(Chronicle, vol. 59, pages 345 and 387.)- I t is
reported that the citizens of York will vote on issuing bonds
to the amount of $30,000.
M IS C E L L A N E O U S .
Cable A ddress :
“ RUDERATION, N. Y.,
H a ig h t & F re e se ,
DEALERS IN ALL KINDS OF
41 N E W
6 year bonds to the Van Wert National Bank at a premium t
$375. The bids received for the bonds are given below : 01
FIN A N C IA L,
S im o n B o rg & C o .,
[V o l . L is ,
& BROKERS
RROADW AY, NEW
YORK.
STO C K S, B O N D S A N D G R A IN
B ought and Sold a t 1-16 Commission.
S p ecia l a tte n tio n g iv en to o u t-o f-to w n ae
co u n ts.
TRANSACT A GEN ERA L BANKING AND STOCK
EXCHANGE BUSINESS.
1850.
1894.
T h e U n i t e d S ta te s L ife
In su ra n c e C o.
I N T H E ! C IT Y O F NE!W Y O R K .
OFFICERS.
G E O R G E H . B U R F O R D , P r e s id e n t.
0. P . FR A L E IG H .......................
Secretary
A. W H E E L W R IG H T ............... A ssistant Secretary'
WM. T . STANDKN................................
Actuary
A R TH U R C. PE R R Y ..
. . . .. ., , .Cashier
JO H N P . MUNN................................ Medical Directop
INVESTMENT BONDS.
FINANCE COMMITTEE.
GEO. G. W ILLIAM S......... .. .P res. Chem. Nat, Bank
JOH N J . TU CKER..............................................Builder
B. H . PERK IN S, JR., P res. Imp. A Traders’Nat. B’k
T he tw o m ost popular plans of L IF E IN8URANCB
are th e CONTINUABLB TERM POLICY which
gives t s th e insured th e g re a te st possible amount of
indem nity in th e ev en t of death, a t th e lowest dosiU
ble present cash outlay; and th e GUARANTEED
INCOME POLICY w hich embraces every valuable
BANKERS AND BROKEBS,
fe a tu re of Investm ent insurance, and which in the
event of adversity overtaking th e insured maybe
N o. 1 0 W A L L S T ., N E W Y O R K .
used as COLLATERAL SECURITY FOR A LOAN,
Orders fo r Stocks a n Bonds executed a t all E x to th e e x te n t of th e fa ll legal reserve value thereof
changes. Especial a tte n tio n given to supplying in accordance w ith th e term s a nd conditions of the 1#
policies.
high-class
Good A gents desiring to represent th e Company
are invited to address th e P resid en t a t Home Office
IN V E S T M E N T S E C U R IT IE S .
A ccounts o f Banks, B ankers and Individuals
received on favorable term s.
BANK R EFER EN C E FU RN ISH ED .
J o h n H . D a v is & C o . ,
BA N K ER S,
18
W ALL
STREET, NEW
YORK.
E s ta b lis h e d 1 8 6 3 .
MEMBERS OF N EW YORK STOCK EXCHANGE.
Allow in te re st on deposits su b ject to sight check.
Buy and sell on commission stocks and bonds eith er
or cash or on m argin, and deal in
Investment Securities.
A. M . K id d e r ,
H. J . m o rse.
CHAS. D. MARVIN,
w . M„ K id d e r
W il l ia m d . Ba r b o u r , F r e d ’k B il l in g s , Special
Ch a r l e s m . N ew com be ,
M ember N. Y. Stock Exchange.
W m . D . B a rb o u r & C o .,
BAN KERS AND B RO K ER S,
15 W A L L ST R E ET ,
-
NEW Y O R K .
In v e s tm e n t S e c u r itie s a S p e c ia lty .
Stock Exchange
Securities
B o u g h t a n d S o ld f o r C a s h o r o n M a r g i n .
INVESTMENT BONDS A SPECIALTY.
E d w a r d M o r to n & C o .,
T h e M u t u a l B e n e f it
A . E . H a c h fie ld ,
L I F E I N S U R A N C E C O ., N E W A R K , N. J
IN VESTM EN T S E C U R IT IE S .
AMZI DODD. President.
A ssets (M arket Yalues) Ja n . 1,1894..........$53,346,092
7 P in e S tr e e t, N e w Y o r k .
Liabilities (N. Y. and Mass. S ta n d a rd ).... 49,742,302
SPEC IA LTIES: Railroad Bonds and Stocks. Q uota S u rp lu s...,........................................................ 3,603,790
by fo rm er N. Y. Standard, (Am.
tions furnished on application and co rres Surplus,
Ex. 4Ì4 p er cen t R eserv e)........ ................. 6,385,707
pondence solicited.
W ANTED: Memphis & C harleston R R. Bonds. POLICIES ABSOLUTELY NON-FORFEITABLE AFTER
Central RR. & B anking Co. of Georgia
SECOND YEAR.
bonds. Toledo A nn A rbor A N orth Michigan,
In Case of Lapse th e Policy is c o n t in u e d i n force
all underlying issues.
as long as Its value w ill pay for; or If preferred, a
Paid-up policy fo r Its full value is issued In exchange.
A fte r th e second year Policies are inco ntest
a b l e , and all restrictions as to residence, travel or
S E C U R E BANK V A U LTS.
occv/pation are removed.
Ca s h l o a n s a re m ade to th e e x te n t of 50 per cent
of th e reserve value, w here valid assignments of
th e policies can be m ade as collateral security.
L osses paid im m ediately upon completion and
approval o f proofs.
SEARS A WHITE,
r-
Successors to
EU GENE R. COLE,
GENUINE
47 BROADW AY, NEW Y O R K .
WELDED CHROME STEEL AND IRO>
R . T . W ils o n & C o .,
n R ound a nd F la t B ars and 5-ply P la te s and A n aio i
FO R SAFES, VAULTS, Ac.
C annot be Sawed, Cut, o r D rilled, a n d positively
B urglar-P roof.
BANKERS AND COMMISSION MERCHANTS
3 3 W a ll S tr e e t, N ew Y o r k .
CHROM E! S T E E L W O R K S ,
Sole M an’f ’e r s in th e U .S .
BROOKLYN,
N.
s t a t io n e r s a n d
p r in t e r s
.
Supply Banks, Bankers, Stock Brokers and Cor
porations w ith com plete outfits of A ccount Boons
and Stationery.
t W New eoneem s organizing will have thei
orders prom ptly executed.
Mo. 1 W IL L IA M S T R E E T .
@FedFRASER