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R E P E E S tA
T H E IN D U S T R IA L AND C O M M ER C IA L IN T E R E S T S OE T H E U N IT E D S T A T E S *
Entered aeeording to Am ol Congress, tu the year 1895, by to® William B, Dam OOjceast, la tie offloe ol tba Librarian of Congress.]
VOL. 61,

3 £ fre

SATURDAY, SEPTEM BER

C h ro n ic le .

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

CLEARIN G HO ORE RETU R N S.
For the month of August and the eight months the exhibit
is as follows :
AUfutt,
Kw>.! JfoaWu.
l isea. (p.ct.
100^
;
|p. c.
1
1
4
$
1 ~~
N• wYork. — MM&St8,044
mM*77,ms -Ltps
Pwiadelpfela.. 272.P5A.43* 2S03*MBC rlN*i* 8*&S8k«80l 1,8*oyw*3-«,f-1-10*0
Baltimore..... 64^78.«^a« 540»f,«4? —0*1 %•4
57.t>#1,S«3j #*«.^*4,4®i -02*3
Pittaoorg...... 600*7,4*31 40.9P3.JH.V 4-e-y •7t.79a.mf 4^UM»,SO0f4-11-5
i«,4o*,otl
Baffkl-o .......
IWMLTxi! -10NJ
Waaktttgtoc*. 7^5D,-*73 6.SD1.M3 f-40*8*4l
Bocheater ....
4,t'<4,071 ft.fl5.45*;
49.4*flSi."29.! *-1*4
W
tttW
Syracuse......
88BA04I t b l
^ 7 7 ,1 ;
wumiagton.. 2y*S^,346 2,»i2,53t -rljfl O
f475-03«7l
-0*3
M
M
kW
®
?
2*„P4D,f5c..
3,IS *.rt|»
Serantoa.....
04 1 1L7V»*00 IMSIN'N) -43*6
Binghamton.. j

7, 1 8 9 5 .

The week’s total for all cities shows a gain of 16*9 per cent
over 1894. The increase contrasted with 1893 is 29 per cen t
an i the falling otf from 1892 is 2 0 per cent. Outside of New
York the aggregate for the current year exhibits an excess,
as compared with 188-1. of 8*8 per cent, and the gain over
1893 is bt'7 per ce n t The decrease from the 1892 figures
reaches 16*8 per cent.

New York.,....
Philadelphia..
Baltimore.
Buffalo.......
Wa»hin«tos....
Rw2htiler........
SyraccuNB,.......
vvnmmgtoo.....
...
Biughamwa....
T o ta l M iddle

Boston..... .........
l-io'if M&UWMPtt M88,wsusi#>m m Pro
30OJS&UBO; 315,S*5,7.H fu*?j
n«•...........
M0&.3 O-\ -ISO H a rr»t fti&
SUN8*#00*
o r d ...............
f 177,1*0,10^ I&
&4BM61I 7«xuMk I*in
0*#0\O#*i
4-U'O
New
U»f«&........
i U*7
4*j£U>*.?60|
8M a«
■■fa** 8 pr1 n*ff#td..........
4tM*57.*H5f MSQBtiMM:r».Vi
4.755,' 21
VYoroenter..
.. I
5>eaUMi*t 4,7!
*46ms$Mm sMgiu&tf
piii
land
if
*1 jAitj&ii MUteUftif t i l PPort
M£Mi6 -•y-4
all
t
f
i
r
e
r
.
.
.
.
.
.
.
..
*
0
|
2*7TtJ5f
........
- 0 ‘S; #L02.7*4 fMIt.Siof ta^c
&60O^i7{ w
f i t Lowell...,
Bedford......
UliJtff l. »*<.«»■ till?
laps*
•Hi New
Hand
3.1
>]1*1*4 Total New Kn#..
0FktMM 40oi
37&jB8££46 ■3*i
lO.S 77501
cihSnwt...........
#3$AP>ML3*»!
4.t58l7»*4
Milwaukee.,,......,.
io*t8i*4Soc
14$.
64U
l«>
Oetroit’ »«♦. ........
tl
*' Wi.WI/IIU4i n«e«lan4...........
2:
4 8 J0 0 fH
86*ia*3aM*t3
r3iA Colnmhii*.... ..***,
t.m s h i
U M O Iv fc
it
liMw.pyw
*I0Jt»e.l
........
$40$M6j tojmjn 1*1*S| l45,P-»*3'*'’
^T7t,il4l
31,677,
->.
HlPf IndJanapoll;*
«.»*>•,is u
**i ,•*-7-j
f»mud itapiti*
i, r-i.u**/
■€«i
3U»!vsA# *Jt**JF
QraosS fitapidiM
. -...... ...
...
4av*j lij* 5.1*T- j»jasi,*&A
I..3 8,401
JLajEia#te»....
11
—1*1 f^s*lein#8.......
J
M«
it.mi.Mm
!#J*7 Bay CUttr.
-SB? i^
Bay C ity ..,..,,.
MW5?f
m unr
^.01Moo.
A ifO tt............ . . . . .
771,01
■Ammm*
5,1N#
iprtajfiwid* Oteio.. HMHK I> ?34P
SprS8ifS«i#i(.J
5,4»iVP't^
Paisifl®
rs-iv*;
MU.SI7,
fv‘*.
»0 a;kt<ml............
EDCfcfAfd. ...J
T,3
Si^Si
• . •
K4l*kai«<w.r*» .*■. ■
e "waajs!
I.H-Hjlh.'' ?
—o’ ■
53*2,4*7.4*4
u il i
Tot... 1114,
Baa Vm&mtm. .57484
*» *U». <14 ("I'll i*0L$*.«V,JsJt 187. >.wao;9
S.#a Psrmnift#eo,.....
4*7fc»,nai *J*$ &
P o rtla n d . , .
4*0rH*ja4..
MMy&08®) Ipg&il fD3
S a lt iM&m ( M r
#7 S«4 Si-e«
Halt take wtf
IU*aW*JL i.WA/’-W
mmUrn*
l»
,
4 H7.5ii'
IN^UW
tea m
4. la. 1,^0
TlOWBBHkh^h,.,.4,1
'
'Sfi’.&NtJN. i
5:0 21ft
tft»4 A0P4I«,»**,».,
■i,7543> .
IsMH, I0|
7r»».o*s
007*12tl
Helena..,,........,i1
S:& okaa«„...« .. |
i.u i.u f t
tiyea.
im-i
817**
ll>!
Sooteiua*.*..
008640]
J
0P3USI9
4
fmji4
I
a^»fsi|
*wux
imMH
#ICSO0|
#i*r4
F am o*....,...(
&*■<&
4,*»7.
i’anto,............
T o ta i Fa©4B«:
OilJMMSTj
Total PaciSc..,.,
%?M%Mlij
K a n s a s 0 lty ^* |
4S.474,21f! H.Wfo.f.a,8Q0JNI830^
Kaunas** Oty
M ^ n a e a p o lia ..,' 20.74 7 .4ili
Pisf« NklHUUI
lOLHi.ajsi
05,
>
4
i
M iim eapolt#
Ommm*.. , ,,„i
10^4089671
Isk^sSe. *15 - !**“#.’
V5.lM7.M4l
o a n r i a * ......
11.875, f l-**4it. Pan
0 *»*«r.,.. .. 5 n, 060,011 lP.P57.h41S* *■
<
%
$
;
Ol.fP.OW
f
viM
uttm
imarm....,
OvQ§b
D o la ik . , , . , , , I
—
IWV'i *2 3-0 OOC»tt
8t 4&mph *„j
€C$iM -*£Sf 4\t|(»..0les 0r,3fe.5efc:*-:
5t.*mj>7|
s t . jo * e p h ..
Sioajc City .,.4
2434**3 ~«LI!
0310,4
4
A
-;
w
S
^*
s»T
n
»
J
h »o « jt C ity ..
pe# Motaae, 4 a*s4f,«til #4i7JSE1
35
a«4S#^*]
31.0/1.788)
I Upturn.
MBCOjC__... I
*2181 i.tn
o o ln . . . . .
Wfe&ita,... -,i
f'tTf-: n j v ,0a»‘
W ic h ita .......
To©#**...........|
t»3.00.fu;
4b
I
T o p ek a. .
FretBAisi..
f.itJgM.:
2,2 A».hhU
i mmrmt.
MwUZig»...... I
IMkiiSi
iti4t3 f
iimtltog*
T o t, Ot£pf W.f JS&1 tW: tmjzu&tf*'
tSkSSTTiir
Tot.
i t . .L orn#
-3-1
Hi Si. tjoai*,..,,,
Mew Otfk.
8#rtv
*iv New Oriea&a,
!»9«&wiK4kk*4.to«f
IttWMNi*
4ii4«;,ip|
I^Kiianite,...
||*I*«si
»n*_I
7,*71437
ftaft-*
• ia leea trm ,. „
Bf>a#tc>u
i.37V».0*6 •flfi-'Sf
sm
6
U
iG
.:j*M
,
HOttltoB.-,,,,.,
Jhclsmofid .....1 P^HA.VN- 84^.10: -*■7€■■ %utm, vm' laNIi.UM
eh m o n d . ..
gatannalt. , .1
■
MU *lU
*mummh
#AAi.?|y
' *~IM M
erophte,
AOnats
I ijilNm ^LiP*44 t) *f-tS'O.
•
•
J
r'l
®J.422^k4A tla n ta ..,
IfSMrSrrttii®:
ra
1 .V.vV.,,'
N salivtll#.
JMUm........ :
IA
#0A'«
D aliaa. ...
M-fffol*
3441 #14' **tin
30
^
0,011
N o rfo lk -.,
*
1*11
l/k*s>7,0ilt ■
W a e o ..,.. ....
I'oft W&rtfe..,. iJUsMif#!
fir#, 24.3# 004 * MM*MH
F
o rt W o rth .
Blf
. l rS I
t *-i 3
1 M4 AIM' Birm
tnjrba.m. . . . . . .
.; -1477.*■?*>
«r»
-- t f i 1
1-4,7 -A1l
Jad
k ao n eflie ... ..
1 ,M is? *
7 ^>.0.417
-**#'* t'hattaiioojfft.
.....
Total 8@«i4 tffSjn
l.mfe Rock*.,-,..,
1,785,00»w*7
fotalall,,.,. # UTiiSi all s^fp.*
M#2,aJ4^*4 f0^0l.odi,OftA ■
T o ta l i o a t t i e r a ,
A^tnayfri^feift p|
i
T o ta l a l i , . . ......
ftfOBSTOai.,.,,..
*kmuw$; Mil *7ft cm:hWG: a*i
OiifaUie N , T c irk J
Toromto......
ai.ita, a*?
Ikrt.fwff 12 4: 1»:A521 *'*7
H it
»*J7ft
M o n tr e a l.......
tv ■
. , ^ 4 'S' ^#N- F0.703 ftia ai.-v
Sh,oA.4,a$.*
TiyroMo,
llMmimn- *.4
2
-^7*L 81
3*S4IM7
U a ilfa * ,.
T Oaraai*.
WtBUiiMKt.,....
ami tyf j« h '"rtfB'C**"-'«?•
*Mttlial««L
T o ta l C a n a d a
(k see Fa#© 107.
•'v. lucluaha m i,.t***.
BOtAOtL.a*,**„*f
PVOVtdMlMhaeJ
K#w Haven.. 8or!&4(S«<4 ....
WoroMttr.,,..
Portland..
9m
iiw ,.... I
Lowetl
Hew Bedford,:
Total N. &GS
CstCAKO
CmolnnAU,....
XUVMttl ....I
D0 trott~
Cieveiasd
Colaasbss,
Pftoria........ J

.N o . 1 5 7 6 .

T *0 *I
—Tf*|
—1*1
+ S% :
—4r5?
4*»
4-18-51

a4s&$Sjo
1.717s»0OI4CTP4iH.*„w
ftiSUS®.
2*30.11
16o,W#

+0 4(
44 W|
+4tt)i
43*‘V
-00 V*4-25TF1
13T*] lWi422
8.7i2.|«i
L8 *s :4?
t37a.X48;

frr$<&
SolKi
155,00#
2 «,1 (0 ,OSO
7,f06,t##*
&.7&LISA
0.0 0 2 ,1 4 1

mx oa#
300,4^,
404.046
2SI.S3P)
lbO.85#
147.5 IB
77,034
014481
rO.OOO
liM iiu i ‘ E S P
C*>7.?#3?

556,675

^^2020

390

THE CHRONICLE

|Vol . LXI

crease. In other words, the gain of 163 per cent in
August this year comes after a gain in 1894, while the
TH E F IN A N C IA L SITUA TION .
gains in the months preceding came after very heavy
The week has been devoid of important events or losses.
occurrences. There have been further considerable j Another circumstance has made the ratio of improve­
gold shipments, and the Syndicate lias continued to j ment for August smaller than in the months preceding,
make good in great part the loss to the Treasury re­ namely the shortage in the winter-wheat crop. With
sulting from th e withdrawals for that purpose. The | a full crop the movement of winter wheat is certain to
Treasury statement on Thursday reported the net be large in August. This year on account of the poor
amount of gold somewhat below the 100-million mark | yield the movement has been very greatly reduced.
( it being stated at $99,127,567), but this did not in­ The effects are seen in the losses in clearings reported
clude the $2,500,000 gold deposited by the Syndicate on j at such points a3 Chicago and Cincinnati, though at
Wednesday aftternoon, nor does it appear to have the same time it is important to remember that
taken account of Wednesday’s gold withdrawals. In at both the places mentioned clearings last
the statement issued yesterday these items were in­ year, for the reasons already given, had been very
cluded, and the reserve was reported at $100,113,529. heavy. On account of these losses at Chicago and
B u t the engagement of $1,700,000 gold for export to­ Cincinnati, the Middle Western group of places
day will again carry the amount below the lim it, so a shows for August 1895 a small decrease from 1894.
further deposit by the Syndicate is looked for. The On the other hand, in the Eastern manufacturing
gold shipments for the week aggregate $4,550,000, and and financial centres the gains over last year remain
in addition some small amounts have been sent to Can­ large, the New Eagland group showing 19‘6 per
cent increase and the Middle States group 21-9 per
ada.
With the bulk of the corn crop safe now against cent increase.
The movement of currency to the interior still con­
damage from frost, the activity in trade circles, which
has been a marked feature of the situation for many tinues only moderate, and it is chiefly to the West and
weeks, is becoming still more pronounced. By refer­ Northwest. The shipments are somewhat checked by
ence to our review of the dry goods trade on another the fact that banks desiring currency are required to
page,’ it will be seen that that market is showing great pay full express charges, which amount to Chicago to
activity and great strength, that in many classes of 75 cents per $1,000; to St. Louis to $1, and to St. Paul
staple goods unsold supplies are reported little and New Orleans to $1 25, the Government having a
better than nominal, that the production for year ago, as will be remembered, abrogated the special
both this month and next has in numerous privilege extended to the banks of shipping at
instances already betn sold and that some lines of Government contract rates of 15 cents per
goods have been entirely withdrawn from the $1,000 to points other than New Orleans,
market for the time being. From the iron trade the to which the rate was 50 cents. Banks having
accounts are becoming more and more buoyant, and extensive correspondence report large re-discounting for
numerous further and very large advances in prices in institutions in the extreme Northwest, and this is in
different branches of the trade are reported.
part accounted for by the fact, which is stated on the
In view of this activity in trade, it may seem strange authority of the representative of a large milling in­
th a t our statement of bank clearings for the month of terest in Minnesota, that the millers in that State and
August should show a smaller ratio of improvement than holders of wheat,.are disposed to convert the grain into
fo r either of the months immediately preceding. For flour for export, for which there is a large and growing
August the percentage of increase is only 16T per cent, market abroad, rather than
sell their wheat
whereas for July it was 29'8 per cent, for June 22T to exporters at low prices. Re-discounting for banks
per cent and for May 24 7 per cent. This is with in the South and Southwest is not heavy, though there
New York included. Outside of New York the com- is a good inquiry. There has, however, been com­
iparison is much the same, the increase for August paratively large borrowing from Philadelphia and
■being 7‘7 per cent, as against 21"7 per cent for July, the East.
The banks at those points have
3.2‘5 per cent for June and 12'3 per cent for May. But considerable money loaned out here on paper or
“the explanation is not far to seek. In August last on time.
As their customers are now making
year the volume of business was temporarily on an ex­ calls upon them, they obtain the money on demand
ceptional basis. The great railway strike in July, and from New York, to be repaid as their paper or time
the strike of the bituminous coal miners which lasted loans fall due.
from April to nearly the end of June (and in some
Money on call representing bankers’ balances has uni­
cases to a much later date), had so far delayed trade in formly loaned at 1 per cent this week at the Stock Ex­
th e months preceding that in August, with the removal change, and banks and trust companies quote 1 per
f Q t these previously existing drawbacks, business was re­
cent as the minimum. There is very little demand for
sumed on a very extensive scale; in brief, transactions time loans on stock collateral even for periods extend­
in August last year embraced a good deal of business ing to the end of the year, and the inquiry is chiefly for
which, except for the labor troubles, would have five to seven months. Rates are
per cent for thirty
been done in the months preceding. It follows days, 2 for sixty days, 2 | for ninety days to four months
that in comparing with the clearings for that month and 2-|@3 for five to seven months. There is a
■of 1894 we are comparing with much better little better supply of commercial paper and the
results than was the case in other recent months. demand is somewhat increasing, a few of the
T h is appears, too, from the records of the clear­ large banks coming into the market as buyers,
ings for 1894. These records show that in August but those institutions which are meeting or are
<of that year there was a g a i n of 5 -6 per cent, bu,t in expecting calls from their correspondents in the in­
J u ly there had been 15-7 per cent decrease, in June terior are still out of the market as buyers. Quota­
3 1 ’1 per cent decrease and in May26'5 per cent de­ tions are 34@4 per cent for sixty to ninety-day en-

S eptember 7, 185*5. J

THE CHRONICLE.

391

Mon., T u es., W ed.,
T hurs.,
Fri„
FrU
dorsed Dills receivable, 3f@ H for four moutbs" com­
A ag. 30. ;Sept. 2. S ep t. 3. S e p t 1. S ep t. 5.
Sept. 6"
89
mission house, 4)@5 for prime four months, 4f@5)
89
***•
Brown B r o s .-.. { s fe h tT~.'. t o
90
1?
io
90
for prime six months and s i and above for good four
s
m
;;;;
6
0
*
&
iaoS
“SJS&maco.lffiSK:: S3
m
to six months’ single names.
90
90
90
Bank B ritish
5 h a y s .. 90
91
1!
91
91
N o. A m erica.. ? Sight....... 0 1
There ha 3 been no important feature in the Euro­ Bank o f
89*
S9*
(6 0 d a y s,. 8 9 *
to *
90*
99*
M ontreal........ ( Sight**. - 0O*i
8
pean financial situation this week. The Bank of Eng­ Canadian
B ank ( 60 d a y s.. 8 9 *
Commerce. \ S ig h t... . . 9 0 *
ffi
S3
SS
%
land minimum rate o! discount remains unchanged at d oe lf del
90
90
90
90
bach. I ek -1 60 d a y s.. 90
91
91
91
91
■> per cent.
The cable reports discounts of sixty to e lb e im er& C o f S ig h t,. . . . 91
90
90
90
91
91
91
ft
ninety day bank bills in London f of 1 per cent. U * a r d F r e r e s ..{ U rh « ^ ;; 01
90
90
90
90
M erchants’ BkAoO d a y s.. 90
91
91
—
91
91
The open market rate at Paris is 1 | and at o f C a n a d a .... { S igh t....... 91
The market closed firm on Friday at 4 S9@4 90 for
Berlin and Frankfort it is 2 per cent. Ac­
cording to our special cable from London the sixty day and 4 90@4 91 for sight. Bates for actual
Bank of England gained £373,697 bullion dar­ business in sterling were 4 89@4 89) for long, 4 90@
ing the week and held at the close of the 4 90) for short and 4 90)@4 90) for cable transfers.
week £41,612,649. Our correspondent farther advises Prime commercial bills were 4 88)@4 88f and docu­
us that the gain was due to the receipt of £762,000 mentary 4 88@4 88),
from abroad (£551,000 being bought in the open mar­
We have referred in a previous paragraph to the fact
ket, and £202,000 coming from Australia and £9,000 that the ratio of gain in bank clearings for August is
from France), to the export of £50,000 (wholly to the smaller than for the months immediately preceding,
Cape), and to the shipment of £338,000 to the interior and have shown that this is due to the circumstance
that comparison is with better results in 1894 than wag
of Great Britain.
The foreign exchange market has been quiet and the case in the other months, and in part also to the
firm this week, without any really new feature. The smaller wheat movement the present year. In the fol­
demand has been fair but sufficient to absorb all offer­ lowing we furnish a summary of the monthly results
ings, and the supply has been chiefly confioed to bills since the 1st of January.
drawn against shipments of gold. Bankers report
very few security bills, but on the contrary there has
Ctrurins* Out,Mr S t w York.
ClftHtow. T otal AU.
been some inquiry from arbitrage houses who have M onth.
w as.
I
ISM.
* \e t.
is m .
P .O L
remitted for stocks soid for European account. The
t
*
*
commercial futures offered this week are firmly held at January...
+9-4 t . o i t . r m s i s y m M W t b •HS-S
raur
M U ,iO iU * U M W 1 M H + # 1 1,546,705.326 1,486,402^44 +*•*
4 87) for October and 4 87 for November and Decem­ rMt uures........
■W4 1,797,497,475 1,711,m , 713 +-5*0
ber against cotton and 4 864 for December and L t a oar.. n j u j m . v a u . o a i . m a e * + r » M M m t o e 6,092,963.972 +5*2
January against grain shipments. Very few spot or | 4 W tL ,.„ .. x s M ,* » ,r a « s.-ss.« a .o 7 T + 1 4 1
1,710,104^80 110*3
M*r............ ♦.SM.<US,4«»> SJW0X7S.IW7 +*4*7 *.<W0,HU.S98 1,807,338,510 712*8
near cotton bills are coming forward, and an offer of Ia
n * ., ,♦**** MOO,814.7ft* M W .O M .rn +*1*1 & M U W M M 1,709,471.699 +l£*S
4 K9 in New Orleans was rejected as too low. Bankers S4<ttuur.., 14M M M M W U.W».»W.SM> +*«*« s M o . x m j m
+11*7
who are in a position to judge express the opinion that 8 month*.
u . u o . w s . s h 10,319,878.063 -rS-5
1,678,544,713 +21*7
there will be a libera! supply of spot cotton bills in Oct­ J u ly .. . . . . . . *,570.096,419 3 .U U * 3 £ 1 9 + W 9
ober and November and of grain in December and J k ftim t «*. 4*M&fm j m i s, sto,n u w + w i t n u n f f t 1,000,161,802 + 7 Among the leading cities there are a few which re­
January. The market opened slightly easier on Tues­
day, though not quotably lower, and rates for actual port smaller clearings than in August H50i, but in
business in sterling were 4 89@4 89) for sixty- most cases this is because there had boon very deoided
day, 4 S0@4 90) for sight and 4 90)@4 90) for cable improvement a year ago. A four-year comparison
transfers. During the day lioskier, Wood & Co. en­ for the principal cities is furnished in the following,
max* cuuxtxos a t mudiso emit*.
gaged #1,000,000 and | Nesslage & Fuller #100,000
gold for shipment to Europe on the following day and m o o ,o o o * ISO S. 1884. 1 99 3. 1802, 189 5, 189 4. 1893. 1892.
om itted ./
Handy & Harman announced that they would ship
*
*
4
4
*
$
$
e x Y o r k . . . * .3 1 7 1,872 1 .0 53 2 ,5 31 19,032 1 5 ,8 0 1 2 2 .7 1 3 2 4 ,0 2 2
#.'>0,000 bullion. The Farmers’ Loan & Trust Com­ CH3hle»fo........
see 379 2 8 7 429 3,005 2,7 83 3,8 12 3 .2 7 3
pany deposited #2,000,000 gold in the .Sab-Treasury, B o s t o n .. ..... 3 8 1 318 2 9 3 378 3 ,0 89 2 ,0 9 4 3 ,1 9 6 3,2 44
for which a receipt was taken, and this was supposed P h ila d e lp h ia 3 7 3 240 232 233 2 ,2 82 1 ,9 50 2,411 2 ,5 01
S t Iju u lt. . . .
MS
80
09
105
817 735 7 8 0 797
to be for Syndicate account. On Wednesday the tone l u i P r a a 'o o .
57
57
49
73 441
427 481 5 2 4
55
55
01
457
m
447
488
514
of the market was sternly at unchanged rates for actual B a lt im o r e ...
P ttte lm r * ...
81
49
41
63
480
430
470
soa
business, and W. H. Crossman ■&Bro, engaged #1,000,- C in c in n a ti...
40
53
33
58
438
427
444
485
23
22
29
271
38
288
327
308
000, Arbucklo & Co, #000,000 and Nesslage & Fuller S e w O rle a u *
n a a * C ity ,
42
23
*S
44
338
310
320
318
#100,000 gold for shipment on the follow­ MS ailw
a u k e e ,.
ie
12
157
18
29
143
258
224
24
27
12
31
210
211
ing day.
During the afternoon the Syndicate U r a lu v n ie ...
229
251
io.........
16
15
16
141
127
152
18
128
depositei #2,500,000 gold in the Sab-Treasury, for DB ue ttta
34
r o it . . . . .
32
211
23
187
231
27
229
which legal tenders were given. The market was M to n ea p o U *.
16
33
178
28
22
197
217
262
213
15
18
24
119
164
18
189
quoted strong on Thursday, and though sterling re­ j i M l n .........
P r o v id e n c e ..
23
17
22
150
205
19
177
183
mained unchanged francs and marks were advanced. C le v e la n d ...
193
27
18
25
188
20
155
191
6
25
91
147
11
91
11
175
One of the Canadian banks withdrew #50,000 gold for D e a r e r .........
22
St, Paul......
112
149
17
10
137
15
170
shipment to Canada. Yesterday the market remained
T o t a l .........
3 0 3,3 89 3,2 07 4 ,3 1 5 3 2 ,2 7 0 27 ,8 5 3 3 8 ,8 4 3 38,491
firm, and #1,700,000 gold was engaged for shipment to­ O th e r e lit e * .. 3 .9211
210 1,832 1,7 08 i m * -1 ,8 9 7
153
202
day—#!, 250,000 by W. H. Grossman & Bro., #100,000 T o t a l a i l . .. 4 ,1 47 3,571 3,3 80 4 ,5 3 1 8 4 ,1 0 2 2 9 ,3 3 1 3 8 ,7 6 2 4 0 ,3 8 3
by Nesslage & Fuller, #150,000 by Handy & Harman, O u t e ld e N .Y . 1.8 30 1,099 1,402 1,9 87 1 5 .0 7 0 13,897 10,044 16,369
#5o,000 by the International Metal Company and #150,Dealings on the New York Stock Exchange, though
000 by Hard & Band. The Canadian Bank of Com­ made at rising prices, were of ouly moderate volume
merce took #100,0*90 for shipment to Canada. The during August, and therefore can not have affected to
following table shows the daily posted rates for ex­ any material extent the comparison of the bank clear­
change by the leading drawers.
ings, Wc have reviewed the coarse of business on the

THE CHRONICLE.

392

Exchange i n our Q u o t a t i o n S u p p l e m e n t t o - d a y , and
therefore g i v e our usual table here without further
comment.
SALES OF STOCKS AT THE NSW YORK STOCK EXCHANGE.
1894.

1895.
M onth.

Nuynber
o f Shares.

1 ! if
1 III

8.248,905
3,024.032
5,128,639

Values.
P a r.
S
318.422.500
300,314,750
499,445,800

A c tu a l.

N um ber
o f Shares

*

192,030,084 4,519,463
180,100,308 3,173,527
301,208,171 4,755,383

Values.
A c tu a l.

P ar.

8

445,082,520
310,597,250
404,925,000

$
257,323,27
186,671, 36
281,106,748

680,010,563 12,448,373 1,220,604,770

725,101,554

271,711,290 4,024,651
463,888,575 4,808,808
318,070,724 3,395,727

390,238,500
465,310,050
336,156,400

219,543,822
324,363,700
239,451,431

‘2d qr. 10,999,832 1,921,074,155 1,054,270,589 12,229,186 1,197,704,950

783,358,959

lafcqr 11,396.470 1,118.183.050
April...
M ay....
J a n e ...

5.030.710
8,932.707
0,030,415

482,469,355
859,102,950
579,442,850

H m o s .. 31,390,308 8,039.257,205 1,734,281,152 24,077,559 2,418,309,720 1,508,460,513
J a ly ....
A ugust

5,849,400
5.269.019

56L238.250
490,170,700

342,847,800 2,803,736
337,335,231 5.034.810

277,202,850
408,373,650

190,975,817
308,737,404

The Southern Pacific for July reports a very large
gain in both gross and net, comparison being with the
strike period in 1894 ; in gross the gain is $1,034,151
.and in net $384,930, this covering all the lines oper­
ated directly or indirectly. The Atchison for the
same month shows $611,411 increase in gross and
$177,904 increase in net. The Erie has $246,042
increase in gross, $23,281 increase in n e t ; the Louis­
ville & Nashville $254,040 increase in gross, $56,651
increase in net; and the Denver & Eio Grande $204,729 increase in gross, $158,852 increase in net. The
following shows the July gross and net earnings for
four years of a number of roads.
----------------------- J u ly E a rn in g s.-------------------- ,
1895.
1894.
1893.
1892.
N a m e o f R oad—
*
$
$
$
A tch iso n Top. & Santa Fe . .Gross 2,864,366
2,252,954
3,612,248
3,839,578
N et
399,779
221,874
1,127,399
1,269,650
Buff. R ocli. & P itts .............
291,719
271,151
317,310
277,206
N et
105,730
94,109
108,557
77,308
D en v er & R io G rande.......
643,589
438.861
478,891
770,576
N et
294,446
135,594
110,713
300,422
K an. City Mem. & B ir m ...
77,847
73,061
72,895
74,323
N et
4,591
7,138
def.6,305 d ef. 13,339
L o u isv ille & N a sh v ille — ..G ross 1,682,943
1,42*,903
1,687,209
1,834,271
N et
590,015
533,304
536,754
636,902
M exican C entral.................
734,728
635,811
580,389
053,077
N et
280,150
218,165
161,039
291,097
M exican In te r n a tio n a l....
199,406
177,690
118,329
181.095
N et
70.726
72,704
53,303
68,273
N . Y. Lake Erie & W e s t... ..G ross *2,823,167 *2,077,125
2,514,660
2,784,659
N et
*012,747
*589,466
525.221
983,025
N . Y. Ont. & W estern.........
353,444
369,781
398,091
351.386
N et
118,488
122,612
136.571
128,098
R io Grande W estern .........
208,674
148,049
197,916
249,708
N et
79,138
44,713
85,025
95,579
St. Paul & D u lu th ...............
136,880
123,012
151,841
203,457
N et
30,489
44,970
38,035
95,986
Southern Pacific..................
3,786.468
2,736,190
4,004.445
4,132,464
N et
1,272,683
842,586
1,451,254
1,461,880
T o led o & Ohio C e n tr a l....
177,984
169,886
165,463
167,70g
N et
62.503
62.276
57,631
51,502
* Earnings for 18S5 and 1894 g iven on a basis slig h tly different from th a t for
IP tw o nrpppflinty venra

The following statement gives the week’s movements
of money to and from the interior by the New York
banks.
W eek E n d in n Sept. 6,1895.

©Old............................................................
T o ta l g o ld an d le g a l t e n d e r s .....

Received by Shipped by
N . V. Banks. N . Y . B anks.

N e t In te rio r
M ovem ent.

2,766,000
408,000

$3,687,000 L o ss. $921,000
624,000 L oss.
216,0 0 0

$3,174,000

$4,311,000 L o ss.$ l, 137,000

With the Sub-Treasury operations and gold exports
the result is as follows.
W eek E n d in o Sept. 6,1896.
.B anks’ in terio r m ovem en t, as ab ove
S uh -T reas. op er. and g o ld e x p t s ....

I n to
B anks.
$3,174,000
20,100,000

O ut o f
B a n k s.

N e t Change in
B a n k H olding s

$ 4 ,8 1 1 ,0 0 0 iLoSS.$i, 137,000
24,4 0 0 ,0 0 0 ;L oss. 4,300,000

T o ta l g old and le g a l te n d e r s....... $23,274,000 $28,7 1 1 ,0 0 0 L oss. 5,437,0 0 0

The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.

Y ol .
Septem ber 5, 1896.

B ank of

Gold,
E n g la n d ......
Frauce............
G erm any........
A ust.-IIu n g’y
Spain...............
N eth erla n d s.
Nat. B elgium .

£
41,612.649
81,928,609
36.333,930
21,365,000
8.004.000
4.284.000
2,768,CIO.)

j Silver.

|

£
50,303,915
14.810,620
13.217.000
11.900.000
6.928.000
1.384.000

l x i.

Septem ber 6,1894.
Total.

Gold,

£
41,612,019
132,292.52 k
51,174,550
31.582.000
19.904.000
11.213.000
4.152.000

£
89,813 875
70.2.31.000
33 850,000
12.928.000
7.943.000
4.528.000
2,809,333

f Silver.
*
50.607.000
13.826.000
15.647.000
9.334.000
6.890.000
1,449,667

lo t a l.
k
39.813,878
126,858,000
47.676.000
28.575.000
17.277.000
11.418.000
4,349,000

ToLthls week 196,296,188 98,638.535 294.929,723 178,213.2 LI 97,753,067 275,966,878
rot. prev. w’k 196,191,522 98.851,607 295,010,129 178,579.960 98,301.133 276,881,099

T H

E

S T .

P

A

U

L

R

E

P

O

R

T .

The annual report of the Chicago Milwaukee & St.
Paul has been awaited with considerable interest, and
we think no one will be disappointed with the showing
which it makes. It grows somewhat wearisome to have
to reiterate with the receipt of each company’s report
that the year was one of extremely unfavorable condi­
tions—that to the general depression in business, which
curtailed traffic in all directions, there was added a crop
failure of unusual dimensions, whose effects were felt
not only in a great falling off in the volume of grain
tonnage but also in a falling off in other classes of
traffic, owing to the diminished purchasing power of
the communities most affected by the shortage. But
no review of the year would possess any value which
ignored these most important considerations bearing
upon and controlling the year’s results.
In the case of the St. Paul particularly it is desira­
ble that sight should not be lost of the unfavorable
character of the year, for like all the other roads in
the same section it suffered a very noteworthy con­
traction of its revenues as the result of that fact.
We have spoken of the loss in the grain tonnage a s a
consequence of the crop failure. Upon that point
the traffic statistics of the last three years will repay
study. With the St. Paul wheat and not corn is the
cereal of greatest importance. But the spring-wheat
crop, no less than the corn crop, as will be remembered,
w a 3 short last season; and we find by the report that
the road’s tonnage in wheat in the late fiscal year was
only 735,743 tons, against 940,878 tons in 1893-4 and
1,492,698 tons in 1892 3. Here then there has
been a loss in this one item of tonnage in
two years of nearly 757,000 tons—the ratio of
falling off being over 50 per cent.
But in
addition there was a falling off in most of the
other items of agricultural tonnage. For instance, of
barley the road moved only 504,889 tons in 1895
against 516,167 tons in 1894 and 612,465 tons in 1893;
of oats, 351,509 tons against 410,020 tons and 464,240
tons respectively; of corn, 174,046 tons against 468,017
tons and 256,107 tons; of flaxseed, 73,943 tons against
116,909 tons and 140,811 tons; of hay, 125,011 tons
against 177,482 tons and 158,315 tons, &c., &c. Alto­
gether the road had only 2,794,746 tons of grain and
agricultural tonnage in 1894-5 against 3,482,317 tons
in 1893 4 and 4,033,874 tons in 1892 3. In other
words, in the two years this class of tonnage fell
away roughly l-jf million tons, which shows clearly the
effects and great importance of last season’s crop fail­
ure.
In the other items of freight there have been equally
marked losses, in part as the result of the crop failure
and in part as the result of the general prostration of
trade all over the United States. Thus the tonnage in
lumber in the late year was only 1,205,396 tons, against
1,953,122 tons in 1893, the tonnage in merchandise
922,532 tons against 1,211,971 tons, the tonnage in
miscellaneous articles 684,442 tons against 1,124,011

September 7, 1895.J

THE CHRONICLE.

& c .
Taking the grand aggregate of the freight
tonnage of all classes, the total for 1895 is found to
have been only 10,475,912 tons, against 10,794,058
tons in 1894 and no less than 13,453,349 tons in 1893.
It is worth pointing out that the further loss in 1895
(after the large loss in 1894) followed entirely from the
smaller agricultural tonnage ; in the tonnage outside of
agricultural products there was a small increase, though
this did not extend to all the items. The increase was
marked in brick and stone, in iron and steel, in manu­
factures, in coal, and in miscellaneous forest products,
from which it is apparent that the road has not failed
to feel the beneficial effects of the general revival in
trade which became very marked just before the close
of the fiscal year. However, notwithstanding the
increase in that way the aggregate freight tonnage, as
we have seen, was smaller than in 1894 and almost
three million tons less than in 1893. Moreover, the
falling off was mainly in the tonnage hauled the long­
est distances. Taking the freight movement one mile
as the measure of the volume of business, we find that
in 1895 the number of tons of freight carried one mile
was only 1 , 7 6 5 millions, against 2,077 millions in 1894
and 2,506 millions in 1893—that is, as compared with
two years ago there has been a contraction of no less
than 741 million ton miles.
This great loss in traffic, with a coincident decline
in the passenger earnings, is reflected in a very striking
decrease in the revenues of the company. To say that
g r o s s earnings in the late year were about four million
dollars less than in the year preceding is to state a fact
which seems striking enough.
But to understand
fully the significance of this large loss we must bear
in mind that it is additional to a loss of over 4J
million dollars in 1893-4, m that in two years the gross
earnings of the company have been reduced in amount
of over
million dollars, falling from *35,743,423 in
1893 to *27,335,369 in 1895.
Nothing could show more clearly than these com­
parisons how trying to the company and its manage­
ment the last two years have been. It is almost anperfluous to say that if the property had sot been in
thoroughly good condition the company could hardly
have averted serious embarrassment as the result of
this great shrinkage in its revenues. As it was, the
management found it possible to reduce expenses in a
very marked way. The exact decrease in g r o s s earn­
ings in the two years was 18,408,059, and of this
*6,669,190 was offset by a saving in expenses, so that
the loss in net was reduced to less than two million
dollars, the net for 1895 standing at *10,291,016
against $13,080,485 for 1893, Of the saving of 6- mil­
lion dollars in expenses, somewhat over 3 million dol­
lars was effected In the lata year, and the decrease is
all the more noteworthy in view of the fact that there
has been no reduction in the wages paid station and
train men.
As showing one of the ways in which the saving in
expenses was made possible, we may note that the com­
pany reduced its train mileage from 31,750,418 miles
in 1893 to 23,690,828 miles in 1895. The reduction
has been very great in ail classes of trains, though in
the case of the passenger trains it was not found prac­
ticable to carry the economy in train service to the
same length as in the case of the other trains, since, as
we all know, the public expects the game accommoda­
tions and the same service in bad times as in good
times. Under the reduction in train mileage the rev­
enue per freight train mile wag larger in 1895 than
& c .,

393

in either of the two years preceding, being 81-6359 per
mile run in 1895, against *1-5834 in 1894 and $1-5701
in 1893. The passenger trains, on the other hand,
earned only 75-25 cents in 1895, against 90-32 cents in
' 1894 and 91-51 cents in 1893.
With a smaller tonnage and a reduced train service,
the expenses for conducting transportation were only
$8,348,158 in 1895 against $9,621,027 in 1894 and
$11,088,473 in 1893. For maintenance of rolling
stock $3,085,309 was spent in 1895, against $2,698,459 in 1894 and $3,814,927 in 1893, and for mainte­
nance of way and structures $3,703,465 in 1895, against
$4,469,838 in 1894 and $5,244,337 in 1893. I t is
proper to 3ay with reference to the decrease under
these two latter heads that the expenditures in those
departments in the year 1893 were exceptionally heavy,
making the comparison to that extent an unfair one.
The report says that liberal expenditures upon the
property in recent years ; the comparative cheapness of
rails, ties and other material ; and the reduced volume
of traffic, explain the decrease in the maintenance and
operating expenses in the year just closed, and that
the physical condition of the property is excellent.
Especial interest of course attaches to the income
account for the twelve months. It appears that not­
withstanding the loss in gross and net earnings the
surplus above charges for the year amounts to *3,796,886. Allowing *1,819,433 for the 7 per cent dividends
upon the preferred stock, this would leave $977,453 for
the common stock, equal to somewhat over two per cent
upon the amount of such stock outstanding. For an
extraordinarily bad year, when gross earnings were 8$
million dollars below those of two years ago, that is a
remarkably good showing. Incidentally this has a
bearing upon the outlook for the future, for obviously
with earnings reduced
million dollars, there is a cor­
responding margin fo ra recovery, now that the situa­
tion has so greatly changed again for the better. It is
agreed on all sides that both the harvest of corn and of
spring wheat in the St. Paul’s territory the present
year will be the largest ever raised.
With that
fact granted, there can be no doubt that gross
earnings in the current fiscal year—barring some
now unforeseen occurrence—will show a very decided
improvement over the low total of the late year.
In some respects the present report of the St. Paul ia
as good as any in its history. Its financial condition is
certainly exceptionally strong, a fact which is es­
pecially significant when we bear in mind that the
company has passed through two years o f great depres­
sion. The *1,000,000 of loans and bills payable which
existed on June 30 18;>4 were paid off during the
year, and the company now has no floating debt in the
strict sense of the word. At the same time it holds in
its
f r m m v y
*4,622,770 of unused bonds, while the
amount of the cash and accounts receivable stands at
*4,849,470 (*2,791,724 being in actual cash), a total of
cash and cash assets (not counting *1,743,013 of sup­
plies and materials on hand) of nearly 9£ million dol­
lars. Against this the total of the current liabilities
June 30 1895, including fcbe large amount of interest
falling due the next day, July 1, was only $0,121,546.
The equipment of the company has shown some
shortage both last year and the year before. But the
report contains a fall explanation of this. Altogether
the shortage for fcho two years is 573 cars. It is
pointed out that the amount necessary for the replace­
ment of these 572 cars—*260,010—has been charged
to operating expenses during the two years, and stands

894

THE CHRONICLE.

fV0L. LXI.

Vladivostock on May 11, 1891. He had received the
rescript from his father March 17 the same year, before
setting out on his tour to the countries of the Far East.
On his return to Russian soil he carried out his father’s
instructions, reading the rescript and turning the first
sod. The avowed object of the construction of such a
road, according to the rescript, was “ the connecting
of the richly-endowed provinces of Siberia with the in­
ternal net-work of European Russia.” According to
one arrangement, the railroad was divided into three
sections—from Vladivostock to Cnernivorkee, from
the latter to Omsk, aud from Omsk to S '. Peters­
burg. The central p irt alone is iucomplete. Mr.
Ebell gives a much more minute division. The entire
line, which, accsrding to him, consists of seven sec­
tions, is 7,112 versts. Beginning at Vladivostock, the
road runs in a northerly direction 382 versts, or about
254 miles, to. Graffskaja, thetme 347 versts to KhaR U S S I A ’S
G R E A T
R A I L R O A D .
baroffka, thence westward 2,000 versts to Scrityinsk,
Newspaper readers are not ignorant of the fact that thence 1,009 versts to Mysorvsk, thence 202 versts to
the Russian Government has for some yeais been en­ Irkutsk, from Irkutsk 1,794 versts to Oby, on the
gaged in the construction of the greatest railroad in ihe river of that name, and from Oby 1,328 versts to Chalworld—a railroad twice as long as the Canadian Pacific. iabinsk, where it connects with the European system.
We have twice before written with reference to its prog­ The branch lines are numerous; and some of them
ress. I t is not the less true, however, that this im­ are long.
mense work has not received the attention to which it
Mr. Ebell does not tell us how much of the road
has from the first been entitled. This comparative is in working order. We know, however, from
other sources, that before the close of last year 122
neglect is to be attributed to various causes.
I t is a somewhat significant fact that the construc­ miles were running from Vladivostock, that on Sep­
tion of this great road was begun about the same time tember 6 goods trains were running from the Ural to
that we commenced to make arrangements for holding Omsk, and that on October 20 the connection was com­
our World’s Fair; and not unlikely the superior im­ pleted between the last-named place and St. Peters­
mediate interest commanded by the latter put the burg via Moscow. The central portion, according to
former, to a large extent, in the shade. Other causes, official report at the end of last year, was progressing
such as the out-of-the-way character of the region satisfactorily and rapidly. There is thus a strong pre­
traversed, and that the progress of the work was a sumption that the trans-Siberian railroad if not com­
matter of observation to Russians alone, exercised an pleted will be in use for the greater part of its length
influence in the same direction. Recent events in the before the end ol the present year. For the construc­
Far East, however, and the dawning importance of the tion of this road 350,000,000 roubles were set apart.
fact that the great road will soon be completed, are From the details given by Mr. Ebell the money has
leading us more and more to see that with the open­ been wisely enough distributed ; but we have no means
ing of the Siberian Railroad, thus connecting the of knowing how far it has met the requirements of
Pacific with St. Petersburg, and virtually with the the situation.
Atlantic, a new and effective force in peace and war
Writing for an American paper, it was quite natural
will have been introduced into the world’s affairs.
for the correspondent of the “ Transcript” to picture
I t is not possible for the American people to be in­ in somewhat glowing colors the advantages likely to
different to an enterprise which is destined to have result from the opening up of this new grand trunk
such results—results which, whatever inconvenience road. Horace Greeley, we are told, when he said “ Go
they may occasion in some directions, must in the main West, young man,” did not dream of a commercial
lie Lin the [line of progress and improvement—and trail into the confines of Asia, India and Africa by way
from the benefits of which they will not be excluded. of the Pacific and Siberia. I t would be strange, in­
Of Russian policy, generally, we do not profess to be deed, if from such a highway of commerce we did not
great admirers. So far however as this Siberian rail­ reap some advantage. Russia will have become a nextroad is concerned, Russia is entitled to praise. It door neighbor. The railroad will take us into the very
might be wrong to say that it has no relation to certain heart of Northern Asia. Russia will find us quite
ambitious schemes; for it must inevitably, unless some­ as accessible as any part of Europe.
Transit
thing thoroughly unexpected does happen, make her will be simple and direct. The great Northern E m ­
one of the very first of the Asiatic Powers. But what­ pire has many wants which we can supply; and she has
ever the motive the work is in the line and service of much which she can call her own which we can help
civilization; and in carrying it on Russia has her to turn to good account. Our machinery in various
made large sacrifices and spent immense sums of forms has already in considerable quantity found its
money. Our attention has been called afresh to this way into Siberia; and it is but natural to conclude
subject by an exceedingly interesting, well-informed that with this railroad opened importation of such m a­
and timely article in a recent issue of the Boston terial from these shores will be increased.
T r a n s c r ip t.
The article was written by Mr. Ebell,
But we are j ust as likely to reap advantages from China
who acted as one of the Russian interpreters at the and Japan; and it will not be wonderful if the advantages
recent World’s Fair at Chicago.
from these last shall far exceed those from Russia.
Mr. Ebdll reminds us that it was the present Em-- Railroads are certain to be largely on the increase in
peror who, as Czarovitch, inaugurated the work at both those countries; and although Japan is likely to
at the credit of a special account entitled “ Rolling Sttck
Replacement Fund.” The fund has not been utilized in
the purchase of cars simply because with business so
dull the road had no need for further equipment. .
Owing to the inability to obtain reasonable rates of
insurance, the company two years ago organized an in ­
surance department of its own. It appears that this
has proved very successful. The company began un
derwriting its risks on February 11 1893, and from the
report it appears that in the period since then the
revenue of the insurance department has exceeded its
expenses and losses by 1188,808, that the original fund
of $300,000 has been increased to $410,000 par value
of securities held, and that there is $88,808 cash on
hand, against which there are possible claims for un­
adjusted fire losses not exceeding $10,000.

S eptember

7,

1895.'

THE CHRONICLE.

39o

Denver & Rio Grande in some months of 1893 having
fallen off almost 50 per cent) the task of the manage­
ment was by no means an easy one. But the result has
shown that the company could earn its fixed charges
even under such extraordinarily adverse circumstances,
and it has also shown that while silver-mining is un­
doubtedly a very important industry in Colorado, the
State is not so exclusively dependent upon that one in ­
dustry a3 had been supposed, that the State possesses
great recuperative powers, that her people are alive and
energetic, and that they have quickly turned to develop
the other resources which the State possesses in such
abundance, thus retrieving to that extent the loss
from the decline in silver.
In reviewing the report for 1893-4 a year ago we
noted that in that year the company had earned $87,651 in excess of its fixed charges. That was a very re­
markable result, for as compared with the preceding
fiscal year gross earnings had dropped off from $9,317,647 to $6,476,044 and net earnings from $4,035,561 to
$2,503,492. In the late fiscal year (we mean the year
ending June 30 1895, for which the report ha3 just
been issue!) bnsiness again began to improve, and
gross earnings were added to iu the sum of $440,797.
TH E D EN V ER £ R IO GRANDE.
The increase is not very large, considering the loss of
If the years of busioess depression through which $2,841,603,in the previous year, but almost the whole
the country has passed had served no other purpose, they of it counted as a gain in the not, the management
would be useful in having tended to differentiate having succeeded in earning the additional revenue
sharply between properties of intrinsic merit and those with an addition of only $18,661 to the operating ex­
inherently unsound. Not a few railroads which it was panses, making net in 1894 5 $2,925,629, against
supposed bad been established on an enduring basis $2,503,492 in 1893-4- As suggesting one of the
proved utterly weak and insecure, to the great loss of reasons for this favorable net result, we may note
their security holders. On the other hand, others that one of the high officers of tho road a few days ago
have passed through this period of adverse conditions laid special stress on the fact that in the case of the
in a meat creditable manner, and have displayed ele­ Denver & Rio Grande rates were made in William Street
ments of strength and stability that must be exceed­ (here in New York) at a directorsJ meeting, and that
ingly gratifying both to their managers and to those they can only be changed at a meeting of directors.
interested in either their shares or their bonds.
This means that tho company obtains fpll published
Among these various roads, the Denver & Hio Grande rates, that freight agents are uot allowed to cut under
is distinguished in a most favorable way. Wo know of such rates, and that therefore there are no rebates to
no railroad system that has been put to a severer test. pay. The officer referred to also stated that tho man­
The road had to contend not only with general businvs- agement was determined that traffic should not be
depression but with special prostration of the one moved at a loss; that whenever that point was reached
industry upon which it was supposed the State in I the Denver would withdraw from the contest (sis it had
which its lines are located relied for its prosperity. ; done in a recent instance) and let the other roads take
The Denver & Rio Grande, m we all know, is a Colo­ j the business.
rado system of roads, and Colorado, as we also know,
Ifsder the increase in net there is a surplus above
has in recent years been the largest silver-producing charges for the late year in the sum of $538,690. It is
State in the country- When the great decline in the j well to remember, too, that the net, though much
price of silver occurred, which lei to such a decided better than in tho previous year, was nevertheless
curtailment in the silver output of the State, there , very much smaller than *wo years ago—in fact
were many who felt that the blow wai <o serious that it i over a million dollars smaller.
The company
would take many years for the people of the State to moved 1,992,764 tons of freight in 1894-95,
recover from its effects.
againR 1,739,353 tons iu 1893-94, but as against
What h art Colorado mast of coarse hurt the Den­ 2,488,079 tons in 1892-3. The recovery in the late
ver & Rio Grande, and though the latter bad been pay­ year indicates the recuperation which is in progress
ing dividend# on its preferred stock, the question was in Colorado, and is the more noteworthy in view of a
now being asked whether the company under the further decline in certain leading items of freight.
changed conditions could be expected to earn even its For instance, of precious ore the tonnage was only
fired charges. The loss in the ore traffic would not 215,908 tons in 1894-5, against 236,578 tons in 1893-4
in itself alone have been considered of very great mo­ ami 314,336 tons in 1892 3, and of coal (anthracite
ment, but it was feared that the connection between and bituminous) the tonnage was 740,230 tons, against
the silver industry and the other industries of the 763,829 in 1893-1 and 1,100,044 tons in 1892-3. As
State was so close—that the one was so inseparably showing the direction in which business has been
bound up with the others—that a general collapse might developed, we may note that of iron ore the road
ensue. It is undeniable that for a time the moved 214,942 tons in 1895, against only 114,939 tons
outlook did appear gloomy, and with the tre­ in 1894 and 171,784 tons in 1893; of iron and steel rails
mendous losses in earnings which marked the 45,843 ton?, against 22,237 and 30,197 tong respect­
early part of the disturbance {grass receipts of the ively; of stone, sand, etc., 140,742 tons, a .u .-.t
make a bold effort to meet all her own wants iu the
matter of machinery, it will be some years before she
can dispense with imported articles in that line; and
her very activity in striving after independence will be
to ns an immense advantage. I t was Carlyle who said
China roused would be irresistible. She has been some­
what difficult to awaken; and so far as she has been
roused she has shown but a feeble hand. Bat the
awakening may come; and if it does, and if her re­
newed energies shall lead her not into war bat into
the paths of progress, into business activities generally,
the world may have to admit the correctness of Car­
lyle’s dictum after all.
What the world wants is peace —enduring peace. It
wants it becaase peace means the highest good. More­
over, not in many years have the material interests of
the nations looked brighter were it not for this bagbear of war. It is gratifying to be able to state that
at the present moment war seems remote. Self-inter­
est is becoming a great peacemaker; and if it ever was
the interest of the cations to make efforts and sacri­
fices to preserve the peace unbroken, it is their interest
now.

396

THE CHRONICLE.

72,271 tons and 140,987 tons; of petroleum 41,976
tons, against 25,991 tons and 40,841 tons; and of
fruits and vegetables 51,453 tons, against 40,840 tons
and 19,085 tons. Of merchandise the road carried
121,795 tons, against 99,374 tons and 138,329 tons
respectively; of lumber 60,668 tons, against 42,315
tons and 88,412 tons, and of coke 119,088 tons, against
90,513 tons and 154,995 tons.
The finances of the road are in excellent shape. The
$150,000 of loans and bills payable shown in the
balance sheet a year ago were paid off during the twelve
months, and the report calls attention to the fact that
the current liabilities of the company on June 30
1895 were only $1,432,729, against $1,868,874 on
June 30 1893, and that the current assets now exceed
the current liabilities in the sum of $1,992,670, against
an excess of only $1,351,229 in 1893—in brief, that
“ during two years of business depression the liabilities
of the company have been reduced about $436,000, and
the excess of assets has been increased more than $640, 000, although a year ago the value of securities in the
treasury and in the Special Renewal Fund were, for
prudential reasons, reduced in the accounts to the ex­
tent of $151,380.” At the end of the fiscal year 1895
the aggregate of unpaid vouchers was only $145,318,
against $297,951 in 1894, $462,919 in 1893, $522,332 in
1892 and $927,074 in 1881. This shows a very note­
worthy change during the four years, and it also shows,
as the report well says, that the company is now in the
position of paying promptly each month the bills for
labor and material incurred during the month preced­
ing.
The management during the year have written down
the book value of the equipment $1,000,000, which is
additional to a reduction of $895,871 two years ago.
A t the same time it should be understood that the
equipment has not been allowed to deteriorate, but
that the step taken is in continuation of the conserva­
tive policy in that particular entered upon in 1893.
A portion of the company’s equipment is narrow gauge,
and the board of directors think that the growth of
population and the demands of traffic may at some future
time necessitate changing portions of the narrow gauge
lines to standard gauge, and that in that event more or
less of the narrow-gauge rolling stock may be thrown
into disuse; so they are making early preparations for
the change. The reduction in the value of the equip­
ment has of course been charged to general profit and
loss account, but even after charging off this large
amount the credit balance to that account still stands
at $2,130,194. And substantially the whole of this is
represented by cash assets in the company’s treasury,
for we have seen that the current assets exceed the
current liabilities in amount of $1,992,671.
Summing up, we may say that the results throughout
reflect great credit upon the management of the prop­
erty. When the crisis in the silver industry occurred,
they were confronted by a very trying situation. But
they foresaw what the effects would be and promptly
prepared for the change. They stopped the payment
of dividends and curtailed expenses in every direction
where this could be done without impairing the effi­
ciency or safety of the road. As a consequence, the
company has been able to meet all its charges notwith­
standing an enormouB contraction in its business, and
at the same time to still further improve its financial
vondition. The result is that now that Colorado is
letrievirg its loss in silver by development in other
directions and that a general revival of business all over

[Von. LXI.

the United States is in progress, the company i3 in.
position where it can avail to the full of the advan­
tages which this brightening outlook offers. As an
additional encouraging feature it is well to observethat the late year has been distinguished also by the
settling up of some quite important matters, among
others the effecting of a reorganization of the Rio
Grande Southern, in which the Denver Company is so
largely interested, and the adjustment of the difficul­
ties between the Denver and the Union Pacific Denver
& Gulf regarding the joint use of the track south of:
Pueblo.
N EW

YO RK ONTARIO & W ESTE R N
A N N U A L STA TEM EN T.
Among the smaller roads, none issues a clearer and
fuller annual report than the New York Ontario &
Western. Its books and accounts are regularly audited,
too, by a well-known firm of public accountants elected
by the stockholders at their annual meeting. This is
in conformity with the practice in England of having
an independent audit, and the managers of the com­
pany take great pride in this feature of the company’s
affairs.
Since the building of the Scranton Extension the
road has developed a large traffic in anthracite coal,
and each year it becomes more apparent that the con­
struction of that extension was a wise move. Every
one is familiar with the fact that the last twelve or
eighteen months have been a very unsatisfactory period
in the anthracite trade, yet the company in the late
year had a larger coal tonnage than in any previousyear. The figures are worth giving. In the year 1891...
the coal tonnage wa3 811,485 tons ; in 1892 there was
an increase to 1,120,416 tons, in 1893 an inorease to
1,352,225 tons, in 1894 an increase to 1,642,063 tons
and in 1895 an increase to 1,715,991 tons. Tne u n ­
satisfactory condition of the trade, however, is reflected
in a falling off in the revenues derived from the trans­
portation of this coal. Between 1891 and 1894 the
gross earnings from coal incriased from $782,218 to
$1,753,874; in 1895 there was a decrease to $1,581,227.
In developing this coal traffic it has been the policy of
the management to create as far as possible new mar­
kets instead of sending the coal all to New York
which is a poor market. One direction in which quite
a respectable traffic has been built up is in the coal
movement to Oswego for shipment to Canada and the
West via the Lakes.
The report the present year is issued several weeks
earlier than in previous years, owing to the desire of
the management to comply with the suggestion of the
New York Stock Exchange that reports of railway
companies should be issued well in advance of the
stockholders’ annual meetings. Since the opening of
its line to the coal fields, the company has been able to
show each year a large surplus of earnings above the
fixed charges; for the late year, under the depression
in general business and the unsatisfactory condition of
the anthracite trade, with the resulting loss in earnings, .
the surplus was somewhat less than in the year pre­
ceding, but was nevertheless large, amounting to
$326,383. In brief, the company had net income of
$1,026,701, while the charges were only $700,318. The
record of the road’s growth is interesting, and we give
below a summary covering the last nine years. I t will
be observed that prior to 1890 the annual surplus aver­
aged but little over $60,000 per year, as against a sur­
plus now of from $300,000 to $400,000.

397

THE CHRONICLE.

S eptem ber 7, 1895.1

-------------- S'K'V YORK ONTARIO * WESTERN,

T e a r Gross
e n d in g E a rn J u n e SO. in g s.

O p e ra tin g E x ­
p e n se s a n d
Taxes.
$

T e a r E n d i n g Septem ber 1,

U et
R even u e.
C harges.
$
S
2 9 0 ,0 1 8 6 0 228,-12-1 21
3 3 5 ,2 0 8 4 0 2 0 8 ,4 3 9 11
3 4 5 ,1 2 5 9 0 2 3 2 ,4 8 0 1 9

S u r p lu s .

R e c e ip ts a t t h e sM p p ’i? p ’rts .b a le s
A dd s u lu m e n ts fro m T e n n e sse e ,
A c., d ir e c t to m a n u f a c tu r e r s —

1894-95.

1893-94.

1892-93.

7 .8 8 2 ,1 6 3

5 .9 8 3 ,3 9 2

5 ,1 2 4 ,4 7 6

1,157,251

8 2 0 ,4 9 0

8 5 8 ,9 6 5

* g g l . . l . e i 7 . t '« « 6 6 1 ,3 2 7 .6 4 5 0 6
9 ,0 3 9 ,4 1 4
6 ,8 0 3 ,8 8 2
5 ,9 8 3 ,4 4 1
T o ta l.................................................
r l ? £ l 9 6 ! 9*>i 77 1 ,5 2 6 .6 3 3 3 7
M a n u fa c tu re d S o u th , n o t in c lu d e d
-5
....
8 5 3 ,3 5 2
7 2 3 ,3 2 9
7 33,701
a b o v e . . .........................
1 8 9 0 ..
2 .2 0 0 .4 4 6 0 1 1 .7 6 9 .0 4 2 4 3
1 - 3 9 1 ..2 .8 0 9 .7 0 2 1 6 2 ,1 5 5 ,3 7 2 1 6
T o ta l C o tto n C ro p f o r th e
1 8 9 2 . 3 .2 0 3 .4 1 7 5 0 2 ,4 6 1 ,1 3 6 3 9
T e a r ........................... — b a le * - 9 , 8 9 2 , 7 6 0 7 , 5 2 7 , 2 1 1 6 , 7 1 7 , 1 4 2
.................................................--------------------1 S 9 3 - 3 .6 8 8 .1 7 3 0 2 2 .7 9 8 .2 2 5 6 2
1 8 { M - 3 ,S 4 2 .1 1 » 6 3 2 ,7 3 2 .5 4 0 1 6 1 ,1 0 9 ,5 7 9 4 7 6 9 0 ,0 1 2 8 9 4 1 0 .5 6 6 5 8
1 5 9 5 ..
3 .6 6 9 .1 1 3 I S 2 ,6 4 2 ,1 1 2 4 4 1 ,0 2 6 .7 0 0 7 4 7 0 0 ,3 1 7 9 3 3 2 6 ,3 8 2 8 1 The result of these figures is a total of 9,893,766 bales

P resident Fow ler discusses in an in te llig e n t way the
question of securing rem unerative rates for th e tra n s­
portation of passengers an d fre ig h t on U n ited States
railroads, c itin g statistics to show th e decline which is
constantly going on, and his rem arks on th is p o in t are
deserving of careful consideration. H e also furnishes
a very full and clear statem en t of th e natu re and pres­
ent situ atio n of th e voting tru st, u n d er which control
of the O ntario & W estern property has been held
for some years. H e shows th a t th e tru s t exists in the
interests of th e common stockholders and has on
the whole been of m uch advantage to th e property and
a wise provision for its benefit and security. S till the
directors and officers are, he says, desirous of ending it
at the earliest m om ent practicable, and hence as soon
as the financial condition and surplus earnings of the
company ju stify th e paym ent and co n tin u atio n of an
annual dividend on th e common stock, sach a dividend
will be declared w ithout hesitation or unnecesiary delay.

C O T T O N

M O V E M E N T

A N D

C R O P

O F

m ± 9 S

Our statement of the cotton crop of the United States for
tite year ending Sept. 1, 1897. will be found below. It will
be seen that the total crop this year reaches 9,89:2,768 bales
while the exports are 6,719,718 bales, and the spinners* tak­
ings are 8,007,533 bales, leaving a stock on ban i a t the close
of the year of *380,003 bale*. Th • whole movement for the
twelve months is given in the following pages, with such
suggestions and explanations as the peculiar features of the
year appear to require. The first table indicates the stock at
each port Sept. 1,1895, the receipts a t the ports for each of
the past two years, and the export movement for the past
year (1894-95) in delail, and the totals for 1888-9* and 1892-9 !.
K rporti Tear m U u g Sept. >■ t««0.
P o r t *.

i,
im .

tM W U f t . . w jm ,m
AlaJSasmau.. m j m
T * r a * .........
3I.S H
F lo r id * . . . .
G « o n d » ,... i,m ,7 u
Sow CturKn*
X oX iutira*. ■m .im
T ir g ittia ....
K # » Torfc.
B-omtOi?,.....
I M t u t o r a • *1
P h il* ..
P u r tU n .l .
S. Frfoe. # « !
Tot*2§»
j
T h is j m t ) t & m j m
tmt* f t a f j
P r o ,, jrr.

i.

&rmt-

tm .

Gkm mi*

J * * ."
rtmtign.

u m jr n

m pm
m jm
n m .m

m jm
1 <*1.7117
w # a
m nw
707jm
*7%&m

*»«***
v m jn
w t.m
• m jm
4M l
tj m
m m
m
m jm
____
m u m '-n s u m «l.»3i
W H jm ........ . . . . . j
i wj>m
i/ m
7 j« j
m jm
U ff? ......... ;
MOT,
wm\

• m jm
*m,4. f t
j

m jn
......

< m .m
M jm
mi
im > m
m tjm
u%m
<40,71»
2v7, >•«.;
% n*
m ,fm
4.7w

i mtxJt

SMM . , xm* ‘
m pm
5.407
1,497181 tl.1 5 1
mo .......
H&m i
bM *
4M .1I7 U.377
m tjr d
tm

m tjm
m jm .
m jm
IM K

tjm
3.500

tjm
.....
.....

W I M tl:t
iM fM T S 6.718.713 iMMW*
5.WW.WJ *.7*1 fV * t W.0I8 8MU43 1.744.-37. Z jm .t v t 1«3,731
*,1*4.430 ».«**,«*! 70.75V &4M.407 1.411,068 4.*0R8#O *43X71

are only tn« portion o f the rarely* at these port* »M e,.
arrived hr ran overland from Tonnemoe. * e .

The foregoing shows that the to ta l receip t* a t th e A tla n tic
a n d G u lf s h ip p in g p o r ts this year have been 7,882,163
bales, against 5,988,392 bales last year and 5,124.476 bales in
1892-93; ar d that the exports have been 6,719,713 bales, against
5,231,494 bales last season and 4,402.890 bales the previous
season, Liverpool getting out of this crop 3,258,709 bales. I t
now we add the shipments from Tennessee and elsewhere
direct to manufacturers, and Southern consumption, we have
the following as the crop statement for the three years.

(weighing 5,019,439,687 pounds) as the crop for year ending
August 31, 1895, against 7,537,211 bales (weighing 3,748,422,352 pounds) as the crop for year ending August 31, 1894.
The distribution of these crops has been as follows :
C onsum plian-

S x p o rls —
T o ta l, e x c e p t C a n a
T o C a n a d a b y r a il.

Add—
s to
sock
c k sBO
e t in c re a se l e s s ,

foreign cotton Imported |

__T o ta l c r o p .............................

1894-95.
R ales.
2 ,1 5 4 .1 7 0
8 5 3 ,3 5 2

1 8 93-94.
S Its.
1 ,6 1 3 ,9 7 1
7 2 3 ,3 2 9

1 892-93.
Bales.
1 ,7 4 7 ,3 1 4
7 3 3 ,7 0 1

3 ,0 0 7 ,5 2 2

2 ,3 3 7 ,3 0 0

2 ,4 8 1 ,0 1 5

6 ,7 1 9 .7 1 3
9 9 ,0 9 2

5 ,2 3 1 .4 9 4
6 2 ,6 7 2

4 ,4 0 2 ,8 9 0
5 4 ,2 7 6

6 ,8 1 8 ,8 0 5

5 ,2 9 4 ,1 6 6

4 ,4 5 7 ,1 6 6

4 2 ,171

2 ,9 9 7

1 6 ,575

9 .8 6 8 .4 9 8

7 ,6 3 4 ,4 6 3

6 ,9 5 4 ,7 5 6

2 4 ,268

*107,252

-2 3 7 ,6 1 1

9 .8 9 2 ,7 6 6

7 ,5 2 7 ,2 1 1

6 .7 1 7 ,1 4 2

•.N et d e d u c tio n .

U n ite d S t a t e s . —Tlie outcome of the cotton-manufac­
turing industry, taken as a whole, has averaged fairly well
during the year ending with the first of the current month.
To be sure, Stocks cf goods had accumulated when the new
year opened, and for the first few weeks labor was disorgan­
ized, But these matters were soon adjusted, and since then,
though prices of products have been low, the raw materia! also
has been low, and the result has been a narrow but favorable
margin. Those conditions are true when speaking of the
entire year and in a general way.
At the same time it is a fact that conspicuous contrasts
mark the twelve months. Compare the situation September
1 1891 with September i 1895. At the former date man­
agers were extremely cautious in their movements, and they
l had good reason to be. They had passed through a very
trying year (1898-94), a year ever memorable for a period of
almost eompb-te stop page of industries. Resumption of work
in nearly every trade had already made and
then making
monthly progress, but as yet the revival was Very far from
general and the expansion elo v. Cotton spindles had begun
to move again, and the movement among spinners w is more
| extended than in many department* of business; it had not
j then reached full activity, and yet stocks of goods, as already
-aid, had become troublesome. Moreover, a new tariff was
just going into operation, and the effect of the changes in duties
was still to be tested. Inasmuch as the managers of cotton
mills are as a rule believers in protection and favored the
old law, they naturally took an unfavorable view of the influ­
ence of the new revision on their industry. Led by these
conditions, there was quite a general effort made a year ago
in Augu-t and September to lower wages. Our readers
remember the strikes that proposal caused in Fall River, New
Bedford and elsewhere. The strike at New Bedford ended on
the 11th of October after continuing for eight weeks, the men
returning to work at the reduced wage scale. At Fail River,
however, operations were not fully resumed until the close of
October, the lock-out being terminated by the men accepting
the propreif ion of lire owners ; thus it happened that from
August 20 to October 30 the greater portion of the spindles in
tfce Fail River mills was idle. This reduction in wages, how­
ever, and the declining price of the raw material, with a
somewhat less rapid decline in goods, put and kept the trade
in a profitable shape during the early half of the crop season.
Since the first of March there has been a material change in
business conditions. As our readers well know, February was
the occasion of the memorable Government bond sale, a
transaction which reconstructed the industrial situation.
Beginning with that event the progress towards the resump­
tion of work, of wages and of restored prosperity has been
rapid. In April current business bad so much improved that
many managers were able to redeem their promise and
resume the payment of the old wages. Those that did not
restore them in that month did so soon after. Now nearly
every department of manufacture is paying more money to

398

THE CHRONICLE.

[V o l . L x r .
Year E n d in g with A ugust 3 1 —

P rin tin g
' Cloths,G4&64.

0 *5
its employees and almost all sections of the country are sharing
5a ~
cc
as
««
2
fic
66
3
Y
l i
%I ^ c
? 84 % 1
in the benefits of revived business. The Northwest, owing to
js I
*$5 -2 k 2
b
|
the small grain crops in 1804, has hitherto proved a most Ito *^
1 1 1 1 ?
■ 2 $ 5 H5
§ 1
c .3
1 1
•g |
sj
conspicuous exception, hut with its bountiful harvests is just •s ©
"5 I ~
I s
S
A
^
2
1
^
5
I® 1 *
0 ^ to so
*3
O J *3
►3
now likewise joining in the improvement. The heat illustra­
3 §
*2
1892.
1893.
1894.
tion of the new progress made is found in the iron trade. On
the first of August 1895 there were 200 furnaces in blast, having
Cts. Cts. Cls. Cts.
Cls Cts. Cts.
Cls. 1 Cl8. 6 is. Cts. 1 Cls.
7
3 -5 0
a wet kly capacity of 180,525 tons-the prospect also beingihat S8epU
OS, G1^ 2*63 G111 p, 6 h
s q ' 2-88 73g
e p t 1 6 7 ,c 1 6
the September statement would show a large further increase O c t. 1 5 1 3 ^ 6 574 2 *8 8 , 7 ^ 6 Si G 2*82 774 6 J4 7 3 -5 0
7
3 ’GO1
2-88 t 7a
6*2
-7 5 7 3 i
67a G
—against 179 furnaces with a capacity of 1G3.H91 tons Febru­ N o v .l 5 5 ,6 53, 5 >4 22 -7
3*00 9 °ift
6%
7
406
5 7 5s
53i 5
53p
ary 1 1895 and 133 furnaces pioducirg 115,856 tons per D c r. 1
1893.
I8 y 4 .
1895.
week August 1 1894. These iron figures represent the nota- j
400
9 " ie 6 % 7
hie business revival that has been in progress and in good J a n . 1 574 5<4 5H 2-6 8 j 7 k, 6*4 5*2 2*94
7
400
2 -S 7 9
7
2 -5 7 7 » „ , 674 0
514 5
F
e
b
.
1
5
-1
G
measure indicate the comparative condition of the cotton
7
4 -0 0 2 -7 5 8 3 ,
7
2*50 7^10 6 14 5
5
5>e
5
goods trade at the dates named and the development in the M a r. 1 6
3 -8 8
2*50 7 3 lfl 614 514 2*81 8 > ,6 7
51s 5
6 ^ 3 25
2*75 7=16 7
2 -8 7 6 1 5 16 674 5
trade during the corresponding twelve months.
5% 5
M a y 1 638
G ^ 3 41
2 -6 9 7 3 , 6 6 %
6 *4 5
It is to be said though that in matter of price ali branches of J u n e i 6 1 3 ,, 5 j4 5 * 2 * 8 1 1 7
6^ 316
7 3 ,6 6%
thecotton goods industry are not equally well situated. Cotton J u l y 1 611 u- 5=8 5* 2-81 613,6 6 34 5 2*62
6 ^ 2 -8 7
2-61 7 9 ,4 6 3 ,
G '4 5
2 -8 8 67a
A u g . 1 G rips 5*2 5*
has advanced materially since February 1, but some makes S e n t . l 734 6 5 * 1 3-0G 6 9 ,8 014 514 2 -8 8 738 6 % 67a 2 -6 3
of goods have not. Hence at the moment there are mills N o t e .—S h e e t i n g s —A g e n t s ’ p r ic e s ( f o r A t l a n t i c A ) a r e g iv e n , P r i n t i n s
which if they had to buy the raw material at the present c l o th s a r c m a n u f a c t u r e r s ’ n e t p r ic e s . D ls o tm t o n s t a n d a r d s h e e t in g s is a lm o s t in v a r ia b l y 5 p e r c e n t . F o r L a l i r a - t e r g in g h a m - , t h e p r .o e s in
cost would be running at a loss. This, however, is obviously a t h e n r e s o n t s - n s o 'i a r c s n
t o a d is c o tilt, o f 5 p r c - n ’ .
t h e s e g in g h a m s temporary situation ; almost all mills are full of orders and a r-e Oh awridnlgy troe pa rpersoelno tnagt ei vd e sot rfi kp er eas te ntint -mLaarnk ce at ,s t e r'i l iMu ills
A u io s k e a g , a c o r­
making money even now, while the trend of events is r e s p o n d i n g f a b r i c , h a s a d v a n c e d to 5 ^ c.
Toe contrast the foregoing presents between this year’s
onwards and upwards, and when the new crops begin to
move freely there can scarcely be a doubt of decided market and the market in 1893-94 is striking. It will be
prosperity in all departments of the goods trade. For it is noticed also that the closing months of 1893-93 indicated a
to be remembered that the existing activity in purchases of rruch less favorable situation than the earlier months of the
iron and of goods is based on only a very partial development same year, but that in 1893-94 the position was reversed, the
of the country’scapacityforconsumption. AlltheNorthwest closing months affording the better allowing. These facts
a good part of the South, and the other agricultural districts, reflect the course of the recent depression this department of
are only just now beginning to feel the influence of the the cotton goods trade has passed through. The previous
industrial dhange. Besides, the great railroad interest has as cycle of activity began about September 1,1891. Oa Sep­
yet not resumed much more than a small fraction of its tember 1, 1893, we reported that the market was in the best
ordinary expenditures. When all these forces at present shape it had been for years ; there was no stock on hand and
held in check get in motion, as they are sure to do with the print cloths were wanted faster than they could be manufac­
passing months, we look to see a consumption which will tured. About March 1, 1893, the turn in the position of the
so fully tax the present productive power of the country as to market came—it was almost imperceptible at first, but gradu­
make transactions not only large, but everywhere profitable.
ally the conditions became so adverse that on the first of
With regard to the print cloth market it appears that, not­ August, 1834, quite a number of the mills found it necessary
withstanding the almost complete suspension of operations at to shut down. The course of affairs since August, 1894, we
Fall River for fully two months, production there has been much have related above.
more than in the previous year, aggregating 9,405,000 pieces
In connection with the foregoing and before passing to a
inl894 95, against 8,850,000 pieces in 1893-94. This line of goods review of the conditions of cotton-manufacture in the South,
has probably been better situated than any other so far at it will be interesting to note another feature that will long
least as the margin for profit is concerned, While at times make the last cotton crop season conspicuous. We refer to the
prices have been below those quoted on the same date last phenomenally low prices at which raw cotton has ruled so
year, at other times they have been higher. The result is large a part of the twelve months as to make the year’s aver­
that the average price realized for 64x64s during 1894 95 has age phenomenal also. Ia the table last given we have a state­
been 2 % cents, against 3 78 100 cents for 1893-94, or a loss of ment of the price on the first of eich month for three years.
only 3 100 ceDt. Contrast this decidedly slight decline in the A further fact of interest is that at no time within the past
manufactured product with the radical decrease in the cost half century have the quotations touched such low figures as
of the raw material. The average price for low middling ia November, 1894, and February and March, 1895, when the
cotton in the New York market for the months October to price for low middling uplands at New York was 0% cents.
April inclusive, the period when the mills accumulate the But what we particularly wish to make a record of is the
greater part of their stock, was this season barely year’s average prices, For that purpose we have prepared the
5J^ cents per pound, whereas for the like period of 1893-94 the following, compiled from our records, which shows at a
average was "1% cents. Expressed in another form, the de­ glance the highest, lowest and average price of low middling
mand has been so free that manufacturers have obtained u p l a n d s i n N e w Y o r k f o r e a c h s e a s o n s i n c e 1 8 6 9 7 0 .
A v'ge.
about as much for their goods this year as last, while their
H igh .
L oio.
Low .
H igh .
A v ’ge.
G
1 8 8 1 -8 2 .
11
- 9 5 . ----- 7 %
5*8
1 1 1 ,6
cotton has cost them fully 35 per cent less. The truth is, con­ 1IS8 99 34 -9
1
8
*
0
8
1
.
4 . . . . . 8%
6 7iq
” 74
911,6 i n i 3 ia
1
15,
8
1 8 7 9 -8 0 .
sumption of print cloths has more than kept pace with pro­ 1 8 * 2 9 3 . . . . . 9 9 .6 6=8
1 °* 1 6
1 8 7 8 -7 9 .
1 -9 2 . . . . . 8 3 ,.
714
G'4
1 0 716
8 7 ,6
duction. There had been an accumulation of stock in the old 11 8Sm9 O-91
1 0 I 3 ,g
733
1 8 7 7 -7 8 . ....1 1 1 5 g
. ....'■ 0 9 ,6
8=8
9 7S
-1 2 1 3 ,6 1038
1 1 5 ,6
934
1013,6 1 8 7 6 -7 7
.
year. On August 17,1894, manufacturers held 835,000 pieces. l1 8c 88 8*-90
IS ‘5 - 7 6 . ....1 -1 1 8
10^
9^
10
I g ls
8 9 . ...-1 1 1 ,,
913,6 1 8 7 1 -7 5 ----- 1 6 7*
15
The lock-out served at once to reduce this total, the year 1 8 - 7 - 8 8 . . . . .1 0 U ,4 9 » ,*
13=8
1 6 3 T6
9 1*3
1 8 7 3 - 7 4 . ... . 1 9 = 8
1318
1 * 8 6 8 7 . -----11 ’ 16
638
closing on the 31st of August with aggregate holdings 736,000 1 8 8 5 - 8 6 .
9
8%
1 8 '2 - 7 3 . . . . . 2 1 1 4
lir ie
1814
1 8 7 1 -7 2 . ...- 2 6 3 8
d ,
18
21116
pieces. During the twelve months since then, although the 1 8 * 4 -8 5 . . . . 1 1 3 ,6 938 I10=8
1 6 3 ,a
1 8 7 0 -7 1 . . . . 2 0 3 8
1 8 8 <-84. . . . . 1 1 9 , 6
934
131-2
production has, as shown, been much more than the previous 1 8 8 2 - 3 3 . - - . . 1 2 3 , 6
1 8 6 9 -7 0 . ....3 4 1 4
97a
2 3 )4
1018
18^
year’s, theie were only 181,000 pieces on hand Aug. 31,1895, ora
Prior to October 1, 1874, quotations were by old classifica­
teduction during the year of 545,000 pieces. At the close of tion, which was about
higher than new.
August in 1893 the aggregate stock of print cloths was 635,OCO Even the above comparison does not tell the whole story
pieces, but in 1893 there was no stock. In 1891, however, from the producers’ p fiat of view. An average of only 6 cents
manufacturers held 707,000 pieces and in 1890 their stock a pound at New York for low mid Hinge it on during the whole
reached 603,000 pieces. In fact the stock at the close <f twelve months is a severe exp-rience. But to approach the
August this year is smaller than at the same time in any year figures the planter has received we must go further than that.
since 1888, only excepting 1893. Without attemping An obvious deduction to be made is the average expense of
to follow at length the course of the market from month to getting the cotton from the plantation to New York, which
month, we give the following, which shows at a glance the would not be far from one cent. Then again the crop on
relative position of the raw material, printing cloths and other many plantations ha:1not averaged as high as low middling.
standard goods on the first day of each month during the past But without dwelling on that p lint it is sufficient to recall
three yeats.
the fact, already mentioned, that aimist all the crop is sold’

THE CHRONICLE.

S r p ie m b i * 7, 1896.1

within the months from October to April, and that during
that time the price at New York barely averaged 3 J | cents.
Turning next to that interesting branch of our subject,
cotton-manufacturing in the South, we find results which are
certainly gratifying. It seems that the production of go ids,
which lagged somewhat at the opening of the season, was
soon after being prosecuted under full pressure, and since the
beginning of January all the mills have been running at their
full capacity, and in many cases night and day. It is need­
less to say that the year has been a more profitable oue than
that immediately preceding it, and that the outlook for the
future is generally considered to be very bright. This con­
dition of things has had the effect of greatly stimulating
the building of new mills and the enlargement of existing
factories.
We have continued this year the work of gathering full in­
formation with regard to the development and operation of
Southern factories during the season—an annual census which
we began nearly a decade ago. Within the past month not only
have we procured from each milt returns as to the actual con­
sumption of cotton in bales and pounds and the number of
spindles and looms added, working and idle during the twelve
m mtbs, but also considerable inform ition with regard to new
nulla now in course of construction and the further additions
to existing p ants in contemplation. The returns made to us
have b-en ex remely pr-imot and complete, so that we can to­
day give the actual condition in these particulars of almost
every factory in the South, The aggregates of our dtgatkd
returns arranged bv States are as follows it should be re­
membered that the* • figures include (1) mills in operation afl
th a year; (8) new mills started up during the course of the
year; and (3) also a few mills which hsve been in op*-rat on
this year but have stopped temporarily and expect to start up
agam >n 1895-96,
Matt*.
Ylmioirn,
Wo. t j n i i t t .
•*» C arolina.,,
n « r$ 4 * .,.......
U M a k ...... '
k M t l l W I . ■JUmmiaarn,
T n u * ...........
A<*» MX.......
T#«t-m * m ,...
M .-jamw*,.,.,,,
k w m tr .,,.
T o u t. UB4-KS
T one, H iM t.

m , *t
Mm.

ftf
SrfnMt* fj»m*t

it
m
*•
m

m% m
*w m
m jM

m
f
4
5
*

m ym
m m

m
5
a rt

T o tal. MW-Ji.

mi
414

Total* \ w u m

SK/J

T otal. bMO-SI

urn

T o u t, is s u e .

m

AM*
*,14*
as.***

Amm$#
ltar» .

m an.

4, tlx
IV M
itfc m
1IJW9

m t
ISH
IT
i*H

«y«£*
m , m

m m
U§*»
l.VM
ro
m
» ,m

ISM
u
n
13
IS
IS

m ,m
m t v
m jm

is.-*-*!

II

n jm jm i ».SsO
#*.IS6

im
l&m

m jm
WOSJMi 10.BOX
mMi
ijM jm

O m ium rtvrn,

».***

stJrti

1*H
14 u m Ii
%%%*%

tm m

S ,f«
mi
WM*

dW m w
tv?*/*.

Ptmmdt.,

€ » # ii.n -i.n t
i V4i
€7*97
* « ra
m tm
4« ry »
4 n°m
511W
s in s
m rm
m rm
§T&4?

y .-v :n
§A..tyzm
W .1 t
% m .w'

sm M t

1*4

m .SK n

Y m r Ending J u n s 30—

B T fo r tm l CWtsa

m
t«M. I ISS3.
188S.
1891,
43.om.iv>* 40.315, rni
OrtcrettUOoUx------ Vd«. sx.txj.rts
♦3,4*4,38©
Co
!'«<«<• H tltt.M
1*4♦,319,37* 10*4,773,0«>#
Cnee’oroit good* . VS,.
135,318,590
Do
rr,«at.8> W TM JGl]
n , 7 o \ m i 4% m m jm ♦M rtM U
Otkar manTx ot..V ahu.
Total cotton mannfac____ a____ !........ ..- - J ________ _
tnrM •<!*>»*!
HS.VW.S10 IIMIH.WI l i l . » i» ,m lnaart>^T7!rtg.«TiI.SS7

A similar exhibit covering India’s shipments we h ive also
given for a n mber of years by way of comparison. It should
be borne in mind that if we were to go back to 1876 India's
total would be very small, the value for that year having
been but £633,000, or «*y less than 3-j million dollars, while
that of the United State* for the - iiim year was $7,722,978,
The record for the list six years has b *en as follows :
i m tm .

wm&4

mmm.

ISSt-S*.

UKMtU

t
ijm .m

&
im « 8 i
l,3tf7,17S

f.

£

W V : t . y « •.-«*.

*
T *\*t h fM*i* s .v f im t
M an*t*ctm ** i , m , m

S.TTt.OSS S.W .»M
l.KBt.tXJII UiU.VTO

♦a#-** j:s.»;x.itw

....

8,100.637

7,n:e/m 7.7»3,rt35i

t*»*-*s;aao,«s*i^»t

m x zm M i

»«
im s m
1*
S a n t ,—M tiek r c « mxehlaerj- b - s b*>n n u t to e p a tM tlo s w ith in th e
l a s t few -a otrth u , ftterw w to g th e n u m b e r o f xpioUinx a p p re c ia b ly
wlttraat affeetioc coBMunptlon l a m y e x te n t.

0 mm, §»*.:

There is oue other branch of the cotton goo is indusfry in
the United States we must not leave unnocic-d. We refer to
the exports of cotton goods, a department which, although
being well cultivated, does not show such exp union as has
been expected. Notwithstanding the efforts put forth to gain
a footing in foreign markets, tbs movement from this countrykeeps extremely small. The current year’s shipments have
been slightly less than in 1893-94, but this falling off is due
entirely to the smaller takings by China. Tbe total exports
to other countries record a fair increase, South America in
particular having absorbed an enlarged quantity of our cotton
manufactures. The table below does not include cotton goods
exported to China via Vancouver, which also reached a less
important aggregate than in either of the two preceding fiscal
years. For the fiscal year 1893 these shipments were 31,230
package s, containing 13.398,000 yards, against 30,309 packages
or 20,589,000 yards in 1893 94, 23,686 packages or 18,395,800
yards in 1892-98, and 13,465 packages or 12,592,400 yards in
1891-93, It is so well understood that the main cause for the
falling off in this movement to China has been the late war
between that country and Japan that any r.ference thereto
seems unnecessary.
In i he table below we merely give—as stated above—the
aggregate exports as reported by the Bureau of Statistics,
and they record a loss the past year of 8556,373. By referring,
however, t o the detailed statement p u b l i s h e d i n tie C h r o n i c l e
of Aug, 17. page 289, we find that the exports to China de­
crease*] 17,067,517 yards, or nearly 84 per cent, during the
season, but that as a rule other countries took a greater quan­
tity of our manufactures than in the previous year. Tiie
official record of the last five years is as follows:

m um .

" m jm
738*701
SBMTl

399

ism -oo.
£

5,74*,732
I,W O U
8.753,743

•ternee
-r t™ t ujw«*»..» a pcmail. flu tte r cnurxe does not mttke
stiomme* fe r ttu tMjWacMitonnf the rajww. k e t nailer th - oirea<a»t»*.«a* ft
protoxOlj aiK tM th e e o a u w rtw o *u n e a rly c o rre c t »• it cun h e u.«.!o In volnoa.

The shipments this year, it will be seen, exhibit an appre­
ciable increase over the total for 1893-94, but art* less than in

That the prevailing tendency at the South still is to build either 1892-93 or 1890-01, At the same time India’s export trade
larger milk or increase the spinning power of old ones is Indi­ in cotton goods is much heavier than that of the United States,
cated by the fact that ihe number of spindles per mill in the the aggregate value of her shipments for 1894-9.3 having been
last season reached 7,389, against 8,731 in 1833-91, 6,831 in £7,148,680, or $35.500,000.
1898 93 and 8,819 in 1891-33. The number of spindles in
As to the number of spindles in the United States, it is to
1894-93 aggregated
per cent more than in 1839-90 and be said that there are very few idle now, practically none
VX P*t cent more than in 1803-91. These returns for the except
- a that are permanently out of use. A considera­
last six years inciude as heretofore the spindles in operation ble number of new spindles have been set in motion the past
and those shortly to start up again. In a subsequent table for twelve months and much work in the way of extending the
the whole country wo include those idle for a year or more, producing capacity of old mills and the building of new fac­
omitting only those that are old and useless and permanently tories is now in progress. This is a natural result of the re­
out of employ. It further spp-ar* from the returns in vie to vival of business activity. The aggregate net gain in spindles
us that there have been 14 old mills running 40,884 spindles at the North has been about 150,000 spindles, aud we have
stopped, and 13 new m ilk running 47.449 spindles started, information of fully 200,000 spindles that will bo in motion
making a net addition of 1 new mid mooing 6,356 spindles within the next six months, At the South, according to our
daring the year. Moreover, the total new spindles added this returns, through new mills and addition* to old mills there
year is 212,030 net, showing that 206,183 of those spindle* have has been a gain of 143,184 spindles. With this year’s changes
been an increase in the spinning capacity of old milk. Aside the number of -pindles in the whole country a t the close of
from the above, we have knowledge of 14 new mills contain­ 189-1-95 and of the previous five years would be as stated in
ing tSO.fiOOspindles which expect to »<art up within a short the subjoined table. It should tie s it'd in explanation of our
time, and there are 15 mills iri course of construction but , compilation of total f-pindlea that th is statem en t represents
which will not be in operation until after the first of January, j all m ills, whether in o p e ra tio n o r not (except such as have
Extensive additions to old mill*, aggregating fully 300,000 been closed with no present intention of starting up again),
spindles, are also contemplsud in the near future.
whereas the details of Southern mills by States given previ-

400

THE CHRONICLE.

[VOL, L X I.

otnly represent only mills in operation in some portion of with goods when the season began, supplies in excess of im­
mediate consumption having been sent there in 1893-94, in
_
1894-95, or about to start up.
anticipation of the imposition of an import duty. The de­
18S9-90.
1890-91.
mand from that quarter the current season has consequently
]691-0a.
1892-93.
1898-94.
18©4-95.
iSplueK/J.
12,925,000 12,825,000 been of such a negative character as to leave the advantage in
18,275,000
13,475,000
13,550,900
19,'700,000
H o r th ..........
1,850,000 1,725,000 all proposals with the buyer. Add to that the further fact
S o u th ... . . • • • 2,438,248 2,291,004 2,166,028 2,003,869
14,550,000 that a declining price for the raw material through the year
14,781.000
15.277.S69
15,041,023
15,841,064
T o ta l . . . . UU 83,248
American spinners close the year with much larger stocks always makes a bad market to sell goods on, and we probably
of cotton. The takings through the year of Northern and have the explanation for the unsatisfactory situation which
has existed. Probably under the circumstances even a halt­
Southern spinners have been as given below :
T o ta l c ro p o f th e D o ite d S ta te s a s b e fo re s t a t e d ........b a le s.
P,8 9 2 ,7 6 6 ing demand for the increased products would not have been
S to c k on b a n d co m m en cem en t, of y e a r (S ept. 1,1 8 9 1 1 —
found, had it not been for the temptation which the very low
A t N o rth e rn p o r ts ..................................... 1 0 4 ,8 1 0
prices of cloths and yarn held out to buyers, due to the abnor­
A t S o u th e rn p o r t s . . . ...............................
7 8 .9 2 7 — 183,737
3 ,0 0 1 — 186,73*- mally low price of cotton.
A t N o rth e rn i n te r io r m a r k e t s ---------------- ----------As the year closes there seems to be something of a revival
T o ta l s u p p ly d u rin g th e y e a r e n d in g S e p t. 1 .1 8 9 5 ........... 10 ,0 7 9 ,5 0 1
in
the tone of the market and the character of the demand—
Of th is s u p p ly th e r e h a s b e e n e x p o rte d
that is, there is more of spirit in the one and of urgency in
to fo re ig n p o r ts d u rin g th e y e a r . .6 ,7 1 9 ,7 1 3
................
the other. This, though, has not as yet proceeded far enough
IASS fooethu c o tto n i n c lu d e d ------ -— .
7 4 ,8 3 9 -0 ,6 1 1 ,8 7 4
S e n t to C a n a d a d ir e c t fro m W e st..............................
9 9 ,0 9 2
to correct the relation of prices between the product and the
B n r n t N o rth a n d S o u th ..........................................—
4 2 ,1 7 1
raw m aterial; hut that will come in course of time if there is
S to c k o n h a n d en d o f y e a r (S ept. 1 ,1 8 9 5 )—
no set-back. The only unfavorable circumstance is the poor
A t N o rth e rn p o r ts ........ .......................... 1 6 9 ,5 2 7
crops in Great Britain, which may lessen the home require­
A t S o u th e rn p o rts . . . . .......... ................. 1 1 0 ,5 8 6 — 2 8 0 ,0 6 3
A t N o rth e rn in te r io r m a r k e t s . . . ...........................
5,7 8 2 -7 ,0 7 1 ,9 8 2 ments for goods. On the other hand, the prospect of a better
T ot. to k g s b y s p in n e r s in t h e U . S. fo r y e a r e n d . S e p t. 1 ,1 8 9 5 3 ,0 0 7 ,5 2 2 foreign demand, we think, is good. An influence of no small
8 5 3 ,352 proportions, one which will help.give an impulse to commerce
T a k e n b y S o u th e rn s p in n e r s (in c lu d e d i n a b o v e t o t a l ) ..........
T o ta l ta k e n b y N o r th e r n s im m e rs ............................................ 2 ,1 5 4 ,1 7 0 the world over, is the decided revival of business activity
which is sure to prevail in the United States. If the reader
* B u r n t in c lu d e s n o t o n ly w h a t h a s b e e n th u s d e s tro y e d a t t h e N o rth ­
e rn a n d S o u th e rn o u ts o r ts , b u t also all b u r n t o n N o rth e rn ra ilro a d s a n d will study Europe’s trade history he will find how important a
In N o r th e r n fa c to rie s .
feature the United States demand has proved in the past, and
These figures show that the total takings by spinners North
how quickly Europe’s, and especially Great Britain’s trade,
and South during 1894-95 have reached 3,007,583 bales, of
has responded to revived activity here. Not until the volume
which the Northern mills have taken 2,154,170 bales and the
of the silver issues became so excessive as to disturb the free
Southern mills 853,352 bales. Onr summary of takings and
action of these reciprocal commercial relations between
consumption on the basis of no stocks in the h an d s o f
Europe and America did this influence fail to assert itself.
N o rth ern spin n ers on September 1, 1875, reaches the following
We have already referred to the decrease this year in the
results. The width of our columns compels us to omit the
shipments of goods to India by .Great Britain and the disturb­
results of the years 1875-76 to and including 1888-89.
ance likewise of the trade with China and Japan by the war.
Takings and C&nsumpVn. 1889-00, 1890-91. 1891-92. 1892-93. 1893-94. 1894-95, A feature of the movement to India is that while the takings
of the finished products are smaller there is a material in­
Bales,
Bales.
Bales.
Taken by—
Bales.
Bales.
Bales.
N orthern m ills ............ 1,792,850 2,(31,025 2,212,082 1,747,314 1,613,971 2,154,170 crease in shipments of yarns; and we notice that the current
Southern m ills............. 549,478 605,910 681,473 738,701 723,329 853,352
year’s increase in yarns is in addition to a gain in the same
Tot. takings fro m crop 3,342,828 2,637,541 2,893,503 2,481,015 2,337,800 3,007,522 item the previous season. This addition is reported to be a
24,515
17,305 123,900 310,982 108,246 47,217
Stock held by m ills—
movement through India to China and Japan, to which coun­
Total year’s su p p ly ,.., ^366,843 2,654,906 3,017,403 2,791,947 2,445,546 3,054,739
tries the direct shipments of yarn have during the correspond­
O otmtmpfn (estimated)—
ing periods fallen off. It is interesting to note, however, that
1,935,090
3,025,000
1,950,000 1,675,000 1,840,769
N orthern mills .......... 1,800,000
S outhern m ills............. 549,478 605,916 081,471 783,701 723,329 853,352 Great Britain’s total shipments of yarn to all countries are
this year larger than for several years, while the shipments of
T otal consum ption— 2,349,478 2,531,006 2,706,473 2,688,701 2,398,829 2,094,121
Tot. supply as a b o v e.. j2,360,843 2,654,906 3,017,4(3 2,791,947 2,445,546 3,054,739 goods are smaller than a year ago; furthermore it appears
Leav’g m ill s IOes Sept. 11 17,365 123,900 310,932 108,24* . _ 47,217 300,618 that the only countries specified to which the direct shipments
The foregoing leaves stocks in spinners’ hands at 360,618 bales, of yarn by Great Britain have not increased are Holland,
China and Japan, Turkey and Egypt. We give below a state­
and shows that the United States consumed 2,694,121 bales.
ment showing first the shipments of goods and yarns by Great
E u r o p e .—The conspicuous feature of the European spin­ Britain to India stated separately for two years and in subse­
ning trade during 1894-95 has been the enlarged use of cotton quent columns the similar figures for China and Japan given
in face of a slow and depressed market for goods at many together. Each movement is presented in three columns; the
centers of manufacture all through the year, or at least until first column covers yarns in pounds, the second piece goods in
within the last month or six weeks. The consumption of the yards and the third the total of both yarns and goods in pounds.
raw material, according to Mr. Ellison, has been estimated at G r e a t Br i t a i n ’s
— India-—
E x po r t s to—
/----China and Javan.---- •.
88,000 bales per week in Great Britain, or 2,000 bales per
Piece
(000 om itted.)
arn
Goods
lota l
Yam
Goods
Total
week more than last season, and 98,000 bales per week on the Oct.,98, to Sevt.,JQ4. YLhs.
Yards.
in lbs.
Lbs.
Yards.
i/n lbs.
Oct. to Deo.s7y3.
12,301
645,400
U 4,884
7.564
100,048
26,567
Continent, or 5,000 bales each week more than the previous Jan.
to March, ’94,.. . 10,834
710,759
144,687
7,427
350.676
35,802
7,553
566,878
114.310
5,881
135,372
31,374
year—all bales of the average weight of 400 pounds. A fur­ April to Ju n e. ’94.... .. 10,950
601,899
12A302
6,959
126,285
30,741
ther circumstance of some significance relating to the same
41,638
2,524,936
124,484
518,183
27,831
512,381
point is that this increased European consumption of cotton Oct.,’94. to Sept.’95.
20,076
. 12,934
675,552
140,157
4,342
84,611
has occurred notwithstanding the war which has been in
. 13,053
550,230
117,263
35 i n
8,425
340,953
.
li,513
April
to
June,
'95..
455,989
32,355
97,875
234,959
6,795
progress a large portion of the year between China and
,*10,000
*575,000 *118,901
*41,144
*8,000 *175,000
Japan, and notwithstanding also the smaller takings by
, 47,500
2,256,771
328,696
474,196
27,362
535,523
India if we include both yarn and cloth. So far as Great * E stim ated for tlie q u a rte r on th e Ju ly m ovem ent.
Britain is concerned, the year’s increase in manufactured
Our totals of pounds in the foregoing are of course not ex­
cottons has nevertheless in great part been absorbed by act. I t must be borne in mind also that the current
export to countries other than those mentioned above, and yeai’s figures are estim ated for the last two months of the last
chiefly (o Africa. In this manner the year’s exports of yarn and quarter but the previous two years are the completed ofiicia
cloth by Great Britain have so far been added to as to exceed results in all respects except that the totals id pounds are pre­
any recent former year in spite of the falling off to India, etc. pared by ourselves, as just stated.
It seems a little inconsistent that poor trade and larger
To complete the record we give in connection with the fore­
exports should be concurrent, especially when we may assume going a general compilation which covers the total exports
that the homo demand was no worse and probably better from Great Britain to all countries of cotton goods and cotton
than in the previous year, for general business in Great yarns and also a total of both, reduced by us to pounds to per­
Britain has been reported better in 1894-95. The explanation fect the comparison. The results by quarters only are given
is apparent: The result has been largely due to the condition here, the statement by months appearing in our cotton report
that India, Great Britain's largest customer, was overstocked generally the third Saturday each month. That the reader

September 7, 1895.]

THE CHRONICLE.

401

may not be misled we repeat with reference to this statement
what we have just said with reference to the previous table,
that for the last two months of the last quarter of the current
v
, „
...
. . . , r ,
season ihe figures are estimated on the basis of the July movement, the official statement for those two months not bavins:
haring
menu
been published as we write. Three cip h ers are om itted.

doo m

was an average of only 70,000 hales of 400 lbs. each per
week in Great Britain against 82,000 bales in September,
1893. and 92,000 bales of like weight on the Continent Sep­
teuiber,
tember, 1894,
1894, against
against 83,000
88,000 bales
bales m
in September,
September, 1893.
1893. The
The
exports of yarns and goods from Great Britain kept up very
well considering the conditions; the total (all reduced to
pounds) were in September 102,821,000 lbs,, againsc 102.221,000
Ibe. in 1893. L iverpool .—The cotton market opened the
SEE AT BHIIAIX*# OOKOX 4 0 0 0 8 EXTORTS FOB TWO TEARS.
month with middling uplands ruling at 3 3-16d.. or 9-16d.
— ISX-t.S.------------—-------------- —4S63-M ..
rami. IV*
Tefal. Y * m . Fieri ©cxxfc,■ m<zL {lower than on the corresponding day in 1893. During the
T o - if tit. Y p i . >rnils. PrnirnU. Y ■r&g
*1.271
1,^9.814
M
1,3 7JSM
tstqoar.—
Get- Dec- te.S
I first few days of the month reports of damage to the crop in
T l> »
l’,4-9>Srt St«.4^3
M 0M M
* 4 " - J * a .- M a r
S.-U.CU 1 the United States by heavy rains stimulated trade, with the
2P4, IV3
----------■
M
" —A p t.-J a n e . m
. . m. *
result that by the Sth instant quotations had been marked up
336U74 & 5
m . '. l f {
jm
4tk " -July 3*»t. «&,*» H8;,
3-32d. Advices from America subsequently, however, cov­
Total...............*:3.BCW 5.3>.-5.>j*8 lJSOjKM Mt*K» S.aiS.a» V3S8.U* ered favorable news with regard to crop prospects, and not­
These total results show what we have before set out, that withstanding a good demand from spinners a decline set in
measured in pounds the export movement has been larger the which carried prices steadily downward, the close being at
3 l7-32d., or a ioss of 9-33d, from September 1,
current year than last year. But that conclusion does not
October.—M anchester .—The goods market in October was
tell the whole story; the truth is it has been larger the adversely atlectecl
affected by the course of cotton. In the first few
current year than in any one of the last eleven years, the per- days of the
month %
quotations
%*-»-'•*-«***.*.«
|w vutvA uuo ruled
l u w u aslightly
u g u u j higher
u i g u c i than
L 'lftii durUUT"
infl in which
wWp.h we
wft harft
k en t th«
fnrm. That
Th*#- 4a
tn
ing the closing days of September, but then nriees
prices hecan
began to
iod
have kept
the rpi'nrrl
record in this form.
is ine
quite a remarkable circumstance, especially when we recall sag off, and by the end of the month yarns had lost about
hi 1. and cloth 1 to 2d, This close alliance between goods and
the further
the year
nmuei fact
iaci previously
previously stated, that um
year has
uas not
not been
oeen the raw material is nearly always observable. Buyers of
a profitable year either for those who have spun the yarns or goods ps a ruie look for lower prices, and so are not eager
ihe goods.
emorls.
purchasers when the raw material is declining. Business was
for those who have made the
It wifi make this record more complete by giving a brief not large in any direction, and yet the better grades were in
fair request at times. During the month the expor's of yarns
summary of price*. We have mule the stateaim t cover the and goods from Great Britain reached the large aggregate of
last three years, so that the figures may reflect the compara­ 117,587,000 lbs., against 103,102.000 It*, in October, 1893. The
tive situation. It is interesting to notice that cotton dropped estimate of consumption in October waa 83,000 bales of 400
below 41. per pound in June 1894 (being quoted in Liverpool lbs. each for Great Britain and 98,000 bales of like weight on
the Continent. Liverpool .—Crop advices from the United
June 30, 1894 at 3 1-3-16,1.) and reached the lowest point in its States played a very important part in determining the course
downward movement in January 1895, the price on the 31st of the market during October. At the opening of the month
Of that month being 13l-32d,. and only averaged 3d. per pound there waa a good demand, but at declining quotations. On
for the three months December I8SH to February 1895 ; for the 3d instant, however, stronger cables from New York gave
an Upward turn to prices. Toe improvement was of short
Ihe next three months, March to May, it averaged 3-gd. and duration, the free crop movement in America and the larger
for ihe three months ending August 3I*t 1895 the average estimates of the yield (10 million bales being now the favorite
was %%&., the close on August 31st being 4 7-82d. A glance at figured inducing a weak feeling, under which a downward
turn sot in on the 6th and was not arrested (and then only
the quotations to r both yarn and piece goods shows how temporarily)
until the 15tb, the failing off in the interim reach­
narrow during the greater part of the season must have been ing 3-18d. During the remainder of the month libera! pur­
the margin for both the spinner and the manufacturer.
chases served at time# to steady the market, but the general
tendency of prices was towards a lower level, the close being
at 3 3 - m , a net loss since the 15th of 5-32d., and a total de­
1894-05.
1893 9*.
1802-03,
cline from the opening of 9 l(5d,
y
November —M anchester ,—The development during No­
U ta -p o o l.
'1 i
vember m the market for raw material operated further to the
11 |
h
|
l
|
I I
n
disadvantage of spinners. No tittle demoralisation was caused
A
t
m
I p
by the crop estimate referred to below, issued on the 7th of
I s I I
n
h
the month, and by tiie material decline in the staple which
t. a.
d,
d. *. d. ; <4
d, Z ' <i followed : moreover the subsequent rise only further dis­
5 4 \ 4q 71,« a ss ‘ 4h
»«JW. 30,.
Oat 31 ..
5 -Ik 4 » „ T »„ a 9
7lf« s ilk tuned calculations, making both buyers and sellers of goods
cautious. .Vs a consequence the volume of transactions was
K «v. 30. ,
s 3b, 4’i* 7l(* <« 7H 1*4* 8«s 3
k
moderate, and production was to a small extent cur­
<q ■7*„ .) 81,
S’* 5 4
7t7„ 3 01* only
tailed. These conditions with reference to the raw material
two. :tl ...
-:*t«
I
S’*
; were the more burdensome because India was over-supplied
J»f>. 3 t...
i with goods, the China demand waa checked by the war. and
Fell. .,
Ateniae—
the slate of trade in the United 3 ales had reduced its wants.
V" - m .
Nevertheless exports continued free, the shipments of yarns
H eh .3 1
sq
«
» *»od» from Great Britain (ail reduced to pounds) being in
April 30.
i
November 109,400.000 lbs., agaimt 101.718.0 >0 in 1393, Mr.
MayJtt...,'
Av*r,tttr~
Edison **estimate of consumption in November both for Great
Mar,—May:
Britain and on the Continent was the game as for the preJ u n e :w
5 m ceding month. L iverpool.—\ fair business in spot cotton at
J uly 31
steady rate# was in progress Urn first few days of November,
August 31,
but the market became almost panicky after the issue on the
Aperage—
Ju ne—AHgl
7th instant of the large crop estimate of lOlf million bates
made by an American firm. Tin# started a decline under
““
—
“ ™*»e
W« now add by months the course of the Manchester goods which in the succeeding four day# middling upland# dropped
market during the season dosing with August 31 1893 and *£?, ‘r -V1 ' or 3
below the ruling quotation of Novem-

II

1
)

” «*:■ 7 “ »
>«■»
v
I nese *ammwn*>* aave b m n prepared for this
occasion with great care and the details will we think prove
an interesting and useful record for reference.
S eptember.—M anchester,—September, 1804, opened on a
discouraging outlook; ami vet the recent decreased production of goods added to less favorable crop news from America
had caus» d a slight recovery in cotton and its product# even
in August, which in the first part of September induced
a little better ir.quiry for goods, coupled witii a slight r is e
in vaiues qf both yams and cloth. This little impulse to husiaess likewise continued throughout the greater part of ihe
succeeding fortnight, hut the larger crop estimates from the
united States that began to be current then, prevented anv
further marking up of prices; in fact, taken in connection
with the restricted demand, thes» estimates were tnstrmn- oral
*n bringing about a further decline, which set in on tn* 2 0 th.
Ihe demand again increased a trifle in the last few days of
tne month, but the general course of the market con'inued
downward. This lower range of values and uureiounerative
goods market explain the small consumption of cotton r»y <treat
tm tain ta September; for it was because of that condition
that the annual holidays which fail in that month were prolongwi in some ilistriots and short-time was adopted in others.
Mr. bliwons estimate of consumption for September, 1 8 9 1 ,
m m t period,

market, and there was a recovery of M&I, Demand con»jnut*d light, h,jW0, er- and price am ia gave way
on
mfii!? „V«Pi”
j 9t4 catsl1PB £?Qdlng to discredit the eati
mates of yield put forth earlier in the month led to an up­
ward turn to price#, and quotations rose-steadily, the cul­
minating point being reached on the 27th with" middling
uplands at 3 7-32d,, a gain in the interim of 8-lOd. A slight
reaction occurred subsequently, but the dose was at 8 5-32d..
or l-32d. above the opening price of the month.
D e c e m b e r , —M anchester .—The very low prices for goods
incident to the low values ruling for cotton seem to have
•emulated the demand for spinners’ products. Evidence of
this is found in the continued large export movement. We
have referred to that feature in this summarv for previous
months. The December exports were not quite as large as
the-*? for October and November, but were larger than for
the frame month of cither of the previous four rears. India
and China took leas, but ihis loss was more than made good
in the movement to other points. Further proof of the active
distribution of goods is -hown by the large purchases of cotton

and the increased consumption, though prices of the manu­

factured articles were unremunerative,
Notwithstanding
there facts the goods trade showed no real life; there was no
anxiety for business among buyers except upon their own
terms, under these circumstances it is hardly necessary to

402

THE CHRONICLE.

, V ol . LXI.

add tiiui puces curing the month further receded. Expoits 3 161. Sunsequently reports current that a peace between
of cotton manufactures from Great Britain were during the Japan and China was likely soon to be concluded imparted
month 105.019,COtl lbs , against 102,887,000 lbs. for the same increased strength to the market, and by the 20th prices had
period of 1893. Theptevious month’s rate of consumption made a further gain of 5-32d. Other influences of a favoring
was maintained. Consumption in December was reported at character are onted above in our remarks with regard to the
180.000 bales, against 173,000 nales in 1893. L i v e r p o o l . — Uxe Mat ch> ster market. Values weakened somewhat on the 21st,
continued heavy crop movement in America, giving confi­ and then came a reaction under which quotations fell off
dence to those who anticipated an excessively large yield, 8 32d., but the greater part of the decline was recovered be­
servtd to check any tendency toward an increase in dealings tween the 25th and the close. The final quotation for
In fact on the first day of the month middling upland fell oft middling uplands was 3 5-16d., a gain of 5-16d. for the month.
l-16d., without bringing in buyers. According as the news
April.—M a n c h e s te r.— ade in the cotton-manufacturing
from day to day was considered to be favorable or otherwise dietricts of Great Biitain was quite satisfactory all through
to the market, prices rose or fell slightly, but the net result April at gradually advancing figures, the same influences
for the month was a decline of 3 82d., the close being at acting as predi minated in April. The demand for both home
3 l-16d. The holidays acted to curtail operations materially. consumption and export showed an improving tendency and
J anuary. —M a n c h e s te r .— Among spinners the new year gave a firm tone to the market. Yarns were marked up
opened on a gloomy prospect. Already the loom was either 5-16d. to % d during the month, acd the gain in shirtings
standing or running at the beck aDd call of the buyer, that approximate! lj^d. Yarns and goods exports from Great
is to say, t very proposal had been taken in December by the B.nain were 10j 970,000 lbs., against 101,642,000 lbs. in April
marufacturer that did not show too great a loss, the con­ of 1894. The rate uf consumption by the mills, both in Great
trolling object being to keep the mdl in operation. Few con­ Britain and i n the Continent, was estimated the same as for
cerns had made monev in 1894, and many had actually netted the preceding month. L iv e r p o o l.— April witnessed considera loss. With such a background, the first of January held able activity in the matket for the raw materia), broken only
out cold comfort to the spinner. To the conditions which had by the Easter hcliday tecess. Very satisfactory news from
product d the past the future afforded a prospect of other con­ tbe manufactuting districts ai d reports from America of re­
ditions of a like character—an assurance that the y if Id of newed confidence in business circles, besidfS advices which
cotton had been considerably in excess of the world’s re­ poiutt d to a materially decreased area in the South for the
quirements ; an industrial outlook in America becoming dailv next crop, were elements contributing strength and a firmer
more disturbed; tbe India market, already over suoi lied, feeling ; these ii fluer ces were heightened by the impending
promising to be further handicapped by an import dotv; ano ratification of p-ace 1> tween J .pan and China. At the open­
finally the war in China still progressing. To the foregoing e ing of the month middling upland was quoted at 3 11-32(1,,
l. on
will only add that go were made and dietrinot 'd in excess trom which punt the maiket steadilv advanced to
of Ja> uarv, 1894. hut 'hough ' he sptrmer did the work all the the 20 h. or a gain in r- e interim of 9-321 Ac that pi ice the
benefits from the low prices of cotton and goods went to the market closed on the 30th after slight fluctuations during the
consumer. The January exports of vara and clo h re ached a iiiterv. ntng days.
to'al of n4.613.H00 lbs., against 108,695.000 lbs in 1894 In
May. —M a n c h e s te r . —There was no change in tone or ebarGreat Bri'ain and on tbe Continent the rate of consu'option acer i f the gm d< market in May. A faitly satis'acwas estima'ed the same as in the pre ceding month. L iv e r p o o l. tory volume of business was transact!d at some sl-ght
—The feature of the cotton market the first week of tne new advance in prices. Manufacturers were said to be well
year wasp good demand from consumers ; as a result prices under contract for forward deliveries, and therefore showed
barriered somewhat and were marked up 1-I6d. on the no dtsposiri n to shade ruling quotations. Export* of cotton
8th. This in prove ment did not las', the coi turned heavy cr n manufactures, from Great Britain Continued free ; they were
movement in America, inducing free offerings, weakened during the m n b l('2.452,"n0 lbs., against 98.292.UU0 lbs. for
values. Prices cuts qnentlv receded to 3 l-16d. on the 11th, the same period of 1894 E* imates of cousumpti m wire un­
and although no furii er decline occurred un il the 19'h the changed. L i v e r p o o l —The tendency of the market was downgeneral tendency was downward. A falling off of l-32d. on watd at the of,eni g of ihe month, in c >n-eq lence of reports
the 19th was followed by similar decreases on the 23d and from
United S ates which indicated that under ■be in­
28th. the quofa'ion for middling npltnd on the la ter date fluencethe
nf the higher prices for cotton tile planting would be
having been 2 31-3id. No further change occurred, and the larger than
the earlier reports promised. Quotations, how­
market closed at a net loss of 3-32d. from the opening.
ever. were but sligtvly aff-cted. Ibe roaiket opened at
Fr b b u a r y . — M a n ch este r. —Th>re was no material change 3 9-16d. tor middling uplands, a loss of l-16d. from the closing
in condni ns in February. A quiet feeling pervad-d 'he price nf April, nut recovered to 35-gd. on the following day.
market all through 'he month. Ins majority of manulactur- Sunsequently. and continuing up to ihe middle of the month,
ers continued to sell their goods below cost, and yet in the fljCiuauons were within narrow limits, up and do«n. leaving
aggregate there was no mab rial falling iff in production. quota ions on the 15 h the same as on the 2d. Favorable ad­
Transactions closely approximated current production, yet vices rom the manufacturing districts, not only of Europe
prices showed some decline on both yarns and goods. Towaid but of the United S ates, were an important factor during the
the close of February reports were current that an attempt succeeding tortnignt, aDd under their stimulating influence
would be made to reduce by 5 per cent the wages of opera­ an advance of Jj/l. was secured, the close being at 3^d., or a
tives. As to exports, they were less than the same month a gain for the mot.ib of J-£l.
year ago; at the same time as the month was only 28 days
J une.—M a n c h e s te r . —June was a little disappointing to
the total was a fair average, being 99,553,000 lbs., against manufacturers in Great Britain, the volume of transactions
109 841.000 lbs. for the like period of 1894. Estimated con­ for the month having fallen bslow expectations, It was
sumption was unchanged. L iv e r p o o l. —American cable ad­ anticipated that after the May holidays a better demand for
vices servtd to impart steadiness and an upward tendency to the goods would spring up, more particularly for export, but
market during February. 1here was apparent a disposiiion in while home trade showed some improvement the inquiry for
America, and especially at the South, toholdcotton for higher foreign markets was for the most part poor. Following the
prices, atd the infe rencedrawD therefrom in Liverdoo I was that course of the market for cotton, prices for manufactures
a cor sideratde reduction in area was contemplated for the next eased off gradually, aggregating a decrease of about J^d. on
planting. A fair demand from c imumers was noted in the yarns ami Id. on shirtings. Yarns and goods exported from
opening week, and this, with the ciicumstances mentioned Great Britain were 88 925,000 lbs., against 97,655 000 lbs. in
above, caused a hardening of values, and finally on the 7th June of '894. The rate of consumption by the mills, both in
middling upland was marked up l-32d. A falling off in re­ Great Britain and on the Continent, was as estimated for pre­
ceipts at United States ports assisted in bringing about a ceding months L iv e r p o o l. —Operations were carried on with
further advance of l-32d on the 18th. middling uplands being much cauriot all through the mouth, the market being largely
qui ted at 3 l-32d.; but an increase in the crop movement subse­ under the it fluence of news from America. Cotton acreage
quently was a weakening influence, and the price reacted to reports in the United States were a feature of the mootb, but
?d. on the 25th. At this figure the market closed on the28ih, they bad no marktd influence, being variously interpreted,
ihe net gam during the month having been l-32d.
owing to the uncertainty imparted to prospective results
M a r c h . — M a n ch ester. — A new and favorable turn was ap- through a new estimate of previous acreage put out by the
tarent in Manchester in March. This was the result of a Agricultural Department. Perhaps that was a chief cause for
('ecided change of condition ai d feeling in financial codes in the greater c-ution which prevailed. The Whitsuntide holi­
New York and London since the bond sale effected by the days interferd materially wi, h business during the first week
United Sta es Government early in February; of evidences of tbe month, the Liverpool Cotton Exchange remaining
daily gaii ing e-tr ng'h of an approaching end to the Japanese- closed on ihe 1st and 3d and from the 6th to 8th, inclusive.
Chinese war, coi firmed on the30ih of March by the signing of At the opening on the4th middli gupland declined l-32d. as a
an armistice suspending active hostilities as a preliminary to result of a weaker ing of values in the Unittd States, but the
a peace conference ; al.-o of the new activity and high r prices loss was n covered the following day. On the 10th a rise of
for cottnn. Transactio s were on a very much larger scale l-32d, was recorded. F< r the remainder of the month the
than forsome time previously, and pric* s hardened materially. general treed was downward, this result being aseribahle to
S| ionets and manti'i c urers were both reported to be largely uore favorable crop advices and a rather light demand from
under contract as the month closed. Exports of yarns and spinners. But the decline was moderate, the net loss on
goods continued large, aggregating 100.654 000 lhs., against middling uoland between the 12rii and 29th reaching 3 16d.
111,847.000 lbs, in 1894. I he previous month’s rate of con­ Tbe clt se was at 3 11-16d,, or a falling off from the final May
sumption both in Great Bri'ain and on the Continent was price ot 3 16
maintained. L i v e r p o o l — he market was quite firmly held
J uly—M a n c h e s te r .—During the first week of July a better
during thp oper ing days of March, and with an increas. d spot tine prtvailed in tbe goods market ard a fair volume of
demai d quotations soon hardened arid a rise set in. At first • transactions "a* reported, but suti.-equently trade became
the upwa'd movement, was very gradual—t-32d. at a tim e- qui> t and dealings were on a restricted scale. Among the
hut the aggregate advance between the 4th and 14th was featurts of tbe month was a somewhat improved inquiry for

THE CHRONICLE.

S epfembek 7, 1895.]

India, but at such a l>w range o f values that o n n a fa c u r sr s
w e r e avers** to accepting the prices offered.
It is not antici­
pated that a rem unerative business can be d in e w ith India
until the stock* in the hands of native dealers are further
reduced, now that cod on has advanced. Another factor con­
tribution; to the unsatisfactory state of affairs was the elec­
ts to. which cc -upied public a 'te n tio i and thought. About
the xni idle of the m mth a slight curtailm ent of production
was talked about. E xp >rt» of e itton goods from Great Britain
during July were on a liberal scale, being larger than in any
month since January, reaching a total of 114.363.000 lb*.,
against 111,3>1,000 lbs. for the like p rfod of 1394, The pre­
vious month's rate o f consumption, both in Great Britain and
on the Continent, was nuintained. L iverpool.—An improved
feeling was manifest at the beginning of the m outh, conse
q a aBt upon the elimination from the market of many timid
hold rs in the closing days of June, Q lotations were marked
up 1 83d on the 1st and again on the 31, middling uplands
then ruling at Sf* 1 This advance o f 1-161. was 1 sf, how­
ever, on the 5th aud 6 b, but fully recoverei on the 8th a n i
9th, to bfl lost again between the 1 Ith and 13th oa more
favorable crop advices from America than bad been looked
for. During the remaining davs o f th* m o u h fluctuations
were w ithin narrow lim it-, the close being at 3 11-161,, or the
sam e as the final June price,
AfTOCST. —M in rh c,<,(-!•,—The market for goods showed im ­
provement both in tone ami price during August. This was
chiefly due to the developments w ith reference to the raw
material. B ports and indications tended to show tin t the
American crop had probably been over-estimated This was
j 1st the stimulant buyers o* good* needed. Prices of the
raw material advanced the finished prrxluc*s went up and
the demand f r them from being i different became urgent.
Trade was interfered with in the early p»rt of the month by
the holidays, which extended from the 3d to the 6th inclusive;
but when business was resumed it was at hardening prices
and with dealings som ew hat larger to volume. Towards the
(Riddle of the month orders came in quite freely fro n China
and a little later a g « d demand from India was a feature.
Quotations rose gradually with cut ion and for th * month the
increase in varus reached 7 -tr I '£<}., w hile -hirliirgo were
marked up Si t 11. L im r p & tl—Reports from America with
reference to the condition o f the gro v inv crop were th • c m■
spicuoua ir.tluer.c • which controlled the market during
August and tin >art* <1 much flrranre. The market opened the
first day of the month at 3 11 - 16d. for m iddling up! in i Aii
advance of 1■33 <. was recorded on the follow log ja v . A *u° •
ther gam of 1 -lfli. occured m the t h and the Agricultural
Department s report, which showed a lower average conditio)
than had b eta sn licip a ttd , " a* rteponrlhls for a further in­
crease of *,d . o s the 13th. Itetwevu that date and the end of
the month better reports from the m anufacturing dt« riet«
and small receipt* of cotton at the ports in the 1 ’mted Rtate-.

besides advice* from America, confirming the less favorable
crop condition*, stimulated a further net advance of 3-164.
the clone being »• i 7-32 1, for middling upland, or a gain for
the month of 17-831.

Wc now* add our usual tabte# of wi-umpiio t and supply of
c

Cotton. Thr«■ figure* sic not the takings of the mills, hut the

The foregoing clearly demonstrates the course of the cotton
industry in Earopj and the United States. By including
India, the actual world's consumption for a series of years
would appear as follows ;
TFor/dV

Xur'.f*

*■“*“ - -

£m§$»

t'«c*t W * i
---- T>-.f.
.Sh, « . :

7 »0.n»> >

ItftM O .w * ... re.
im%>*n,, . . . . . f

I

*$ 4,i

:

pupSri&jn

i tyMfk&m
14
r«*i

ews, * « i:
.......... ...
ll& P S M 4,f■£?/%%;i
IjViAs+W
4,711
J»3h
%
J
» |g u
1870-71.-- ..... ..
\m p »
19TUU. . . . . . . . . i|»0lSvr<W
m.OMO !^4 fls0f»i' <4 -31**
474».t/4*y

ilfST rei j m r «.

®40o0 !.0Efr4.»>> ■5,4tS»,<IOO

,
i v n - 7 i , „ , .........

jm$~7?t„

m $m i*tm & m

3,) •fl.ilji}
.......

f J&itifiMP* S,
| t uv4,i#«o
i m
3kW»,0ij*• 1JMiJWh
SjyU.OO1
*f
-J/aOw.O r> &M7JPP > t ^@1^000

Avwt, * $mm». p M & n w

>t M w *
tim fM l

,,,

i
su m s

:3JS3tJ&0> SJGB.OOO*
%%m M ®

.

ijitA tim
. .

,

W & M re.
i a t e . . . . . , . , ..

isr.<»*> i.4-i.-»»* : « H w

&-MU
B r ita in .

1 8 7 9 - S O . . . . . . ___
1 8 8 0 - 8 1 ........ .........
1 8 S 1 - 8 2 ....... .........
1 8 8 2 - 8 3 ..........

3 .3 5 0 .0 0 0
3 .5 7 2 .0 0 0
3 .6 4 0 .0 0 0
3 .7 4 4 .0 0 0

1 8 9 4 - 8 5 ........
I S S 5 - S 6 ...................
18868 7 .....
18878 8 .......
1 8 8 8 - 8 9 . . .............

3 ,4 3 3 ,0 0 0 t,2 5 S ,0 0 0 ; l ,9 0 9 ,0 0 0
t , 6 2 8 ,0 0 0 3 .4 6 5 .0 0 0 j2 .2 7 8 ,0 0 0
3 .6 9 4 ,0 0 0 3 . 6 4 0 .0 0 0 2 .4 3 3 ,0 0 0
1 ,8 4 1,OOo Cl,7 9 6 ,0 0 0 :2 ,5 3 0 .0 0 0 ;
3 ,7 7 0 ,0 0 0 4 ,0 6 9 ,0 0 0 2 .6 8 5 ,0 0 0

0»>! U**3J**

<.r,»i.oo

2 ,7 5 0 ,0 0 o | l ,9 8 1 ,0 0 »
2 ,9 5 6 ,0 0 0 2 .1 1 3 ,0 0 0
3 ,1 9 8 ,0 0 0 2 . 1 9 ', 0 0 0
3 .3 5 0 ,0 0 0 2 ,3 7 5 ,0 0 0

3 0 1 , 4S0] 8 ,3 8 2 ,4 8 0
3 7 1 * 4 0 0 9 ,0 1 7 ,4 0 0
389,600! 9 ,4 2 4 * 6 0 0
4 4 7 ,4 0 0 j 9 ,9 4 6 ,1 0 0

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

1893-

9 4 ............. ;4,<U0,OO0

1 8 9 4 - 9 5 , ....1 .2 6 1 .OOP
S O t b . —T M M O D S d o a *

4 ,9 2 2 ,0 0 0 2 ,8 3 0 ,0 0 m1 ,1 9 9 ,2 3 1 1 2 ,8 9 1 ,2 3 4

5 ,0 4 6 , 0 ) 0 3 ,2 1 9 .0 0 0 1 .2 9 0 ,0 0 0 1 3 ,9 3 9 ,0 0 0
not ta o lu i>- .V n io m a a eottou c o n s i t m i .t 1 n

Cinii.la. tn Mexico. and bntut.
Another general table which we have compiled of late
years is needed in connection with the foregoing to furnish a
comprehensive idea of the *xtent and expansion of this in­
dustry. It dkeloets Europe and America's cotton supply,
and the sources of it. The special (joints we have sought to
illustrate by the statements are, first, the relative contribu­
tion to the world's raw material by the United States and by
other* sources,
and, second, to follow its distribution.
#
w t^R L jy % s - u r r i ,.t jjfx» i t m m i m r m x

|«-.e4ri&lif
r .K f .j
.
%Q. v * ” (## CitAfr
,
■»>/ ptwr. Mmim, *

o f cotton.

Ihiliinc# of pear'9 fUpptp.

Total

---------- *-}--------—

E nd of I'm r.
Cem*
rUWipi’n, ViMM*
Me.

fb ta l
Crop.

um m .
i m r*m .
tlM ;,

B urnt,
Ac.f

f , 17^060 4,408,000 ’.ft.085,000 1*400,0<W
«,M2h.000 8.00^,000:1,2840.000
5Jdd,«0O 4,070.000 1^00,000
11,<91,0000.11
5^44,1400 5JS£H»,O»J0 S«8WMI00
I09IMII, I.TgJMX*©
0.73^000 Sv0904XJ£) 1,tS#l,O0©
to
IW1-71.
0,177.000

210,000
58,000
000^.000
ari.ooo
882*000
04JMIOO

53,000
48,000
55.000
80.000
85,000
80,000

4,107,000. a.337,000 5JOI.OO0 5,410*000
owsi.fioo dMMM30 ». 4t5-0CiG 1.501.000
0»#17,000
4JS07,OCiO’
fik§t5,00© 0,fiSrt^»O 1,010,000
ft.I7l00w#0lBJ9OO 7 , 1 17*08Sl*00Oi I . W jOOO
%&$$*77.
0 ^ 0 ,0 0 0 '74 40,000 i M J m m
im & m . I4MIUM0 5.^5,000 i.0OB,OOO 0.^3t,»>i 7^170,000: 1*014,000

780,000
•843,000
7^,000
014,000
O13.0*W
320,000

71,000
80,000
70,000
85,000
75,000
80,000

Ktm'm.:
i8m*7S.. f,4
im m .

Kems'i*

54,000

4,7* toOd^MMMNO 0,7ft3,O*J»> 6,800,001#

77,000

s ¥i®r7iM 0’

1T*S8,ftW 100,000 85,000
7 $&&&&$■
8,^4,fMW..l4,f^LO0C» I.,4W,ft(4> 40,000 88.&00
849,000, 00,000
f
1«:ISEMWI0
4,073l‘*JO idlQjOOO
i0Ni-«r
’2M.OO0! 100,000
»l.uSM,Ciut» S,iQMjnO i ft,40^000: B, IM/tfMI l f70>l»C*c«J 701,000 180,000
'1,40>.OU>j
h.040,00»>|ft,smo,<wi:»
4 3 4 # $ | 05.000
.VVff'g,
06,000
a, ?44,*#&>n ^ n u sift

i *000,000 410,000, 00,000
0.5ft •,009 11,771 ,ftf.4*m io.ofto 8W.C^0! 88,00ft
f , |5d/lO»*'^,47HsO0W
583,000 110,000
tM itfxrIft IHilRMri l«ll«7000| 1*15,14)0 010,000 100,000
\ M 4 / m 4jQ7WOXnlMn(MK0 1ft,4!®#:*..'i Iftftt 100ft.
507,000 120,000
11*105,**®:*■1ttfWMWr' IJtkO.fKW 814,000,115 000
m h m i . LiBb.Ot*
117,000
180^001, M Sft/ttu
f|
l tw m fc '! t
500.000 100,000
im im .
108 K>t00! '4*.»
»ii4,i«5*00l*i 1ITilftftO! 1,043,000: 047,000 14:,000
V4**4 ©| 4,05* *,CHMlft.T4MM0| *1548MCM>i440^,009; 450,000! 01,000
t msd-p*., hum tfito ]i ,ojo ,co »: 11W M • i a
i
; l 2**7.ooo [ 4 ' o/ m>o ts&sm
!
ft ■i i s» **o/m11.9 rm m » la,
W+t-m
Q | *060 **■-*

Tr» R!..iataI*- i hf‘ prur dixiir, tak** tL« im t s*'Jd#on, 181H.-1)3, and the
vimaliM WttuM a# followa :
tDTi*i6ie *%»**ik h>s^intiinec*f y a fir..

D

T e l « i m tpplj —b » lm o f 4
I N N i f i i f mmtkmptfrm.

0

B urnt,M e., d u tin a f m
tjmrtastrXMhle#Umk..........

r

0
.

.

— ..........

.
„„

...........

.

.

2,’r07,000

1t.oy.i.OQQ
,«jOO

. .. . ^565.000—1^804,000
&,Tiw.OOO

....... ...... t,S68.0W_____

Total vlAlOleand Invisible stocks a t end of y e a r ... 3,0&,i,ue0
t T tti* c o lu m n c o v e r s c o t tu n e x p o r t e d to c o u n t r i e s n o t c o v e r e d b y flx "
a r « i o f c o n su m p tio n , a n d c o tto n b u r n t in 0 . H.. o n s e a . a n d i n E u ro p e

U i i w 2. n
SJMMBPCJri
wm/m fysmjvp'
«.
w»# * “ I0t*«7000
zm&s
6 S0^9Ob 4,741,<#»

r.* -a . . . i j c i o a e
>Il75lwO,’Xi
7 <»,*<» l.*4»»,'iO«Ji llr d in o
n il „ , i u
| i ( -l 01

13019#*.............i .

- *• -»■

,,*■-' • it

T otal.

18911892-

lApwring; tofUlt>i«»t*K5i£

j *,$4U>»> 4>5HvO»Wl -.7W.OOO
000
1-kWl-Q'l . ...»
tjyrt'fli O *^kJ4.»>W*;,d,,VOI Oftft 2 4 10,0 0
I* ,.'-V I............... t . » 1 ■». t. **».*.. - .il l. • 3sM0f-n

.. , .2IO -* - -:?.>*• i.-w t.'-O

In d ia ,

TotelA>ap<ltirtfH( year.. .. .... .............. ................... .

4 ^ >,*•**

A r e r . « re*r» 9. W ftp**&*&**&>

C o n tin e n t

5 8 4 ,8 0 0 9 ,1 8 1 ,8 0 0
6 3 0 ,3 0 0 10 ,0 0 1 ,3 0 0
7 11,800; 1 0 .4 6 8 ,8 0 0
7 7 1 ,6 7 0 1 0 ,9 3 8 ,6 7 0
S 7 0 ,S 8 0 ‘1 1 .3 9 4 ,8 8 0
1 8 9 8 -9 0 .................. 4 ,0 3 4,000 4 ,2 9 0 ,0 0 0 2 ,7 3 1.000
9 8 8 ,2 9 3 ’ 1 2 ,043,293
1 8 9 0 - 9 1 ................. 4 ,2 3 0 .0 0 0 4.5 3 9 ,9 0 0 !'-',9 3 9 ,0 0 0 1,155,32.8 1 2 ,881,328

w >sm i , tw*,w

Hyt>»4ClW*
l*4H4,<i0o ■ W^0S0::%,%IftjMFf s4,f44^,d0».'!
ISUIlE^QO©

%tm* &
, '3.,VgS,Qt%>
W * * l ........... %r^P*jW< 3,*P3ff#} 7/Hm,ipp‘> | J*9bpt*
ts m -m , r>..
[M W W ^ -V4i *.of>. t
\sm.mr)
l « W I . ..............
I » » W . ....... .
tjM jw
i t jm ijm r i.t »
i fmm

'«4t5.fiWr)
I4 rp«43*.« K44flj»M II K£t2. <t»«f
aeHflm
1
u > «,*>»'
7 j t 0 ,m a
}#749UW l«7aR40>90f t & m m

U n ite d
Slates.

Consum ption,

a "Inal c- ih u mptton *>' the mills, rind are in a ll i-<<rarpivw f i s m ,
in h itr.t o f 10 i p(mnefa,
UflBMIt.
' .........
; iimwi

403

- *>

W tM iy . s , - i.M M A rc w . <>> ijm A -U t a m . VM M®» o f ••«,«». « M » # * »
* P tg itr n . tn r K nrri;. » n r o n m i m p t l u n f o r 1 s t 1-9 i a n d I t ' l l
w ill
p r o ’to iily 's- « ti.,tig « r| s t 'g i i t l r b y M r. K iitso n w h e n lie m a k e * u p to*
O e to h e r a n n n il.

Overland and Crop Movement
O v e r la n d .- T h e vo'utne of cotton carried overland shows
very naturally a corstderable iijCfeaae. With a crop over m
million bales gn at* r than in the preceding year, the market­
ing of a larger aggregate by the all-rail route wai to Ire antici­
pated M >re p ir ticularly is this true when, as in the present
instance, the increased yield occurred in large part in those
sections from which the overland supply i. principally drawn.
The actual gain over last year in the all-rail ninveni *nt is six
hundred and thirteen thousand two hundred aa 1 forty-eight

THE CHRONICLE.

404

1887-88.

i 1880-87.

1885-86.

03-31
13-91
06-30
13*70
00-49
02-96
25-30
09*83
03*97

03-02
12-51
05-98
12-82
00-42
03*32
27-08
11-57
04-94

02-58
1237
07-68
12-42
00-83
03-79
26-94
11-20
04-58

00
rH

©i
5S
i
rH
05
CO

W tlm in g t’n,& c.
N orfo lk , &c.—
C harlesto n , &c.
S av an n ah . & c..
F lo r id a ....... .
M obile ............
N ew O rle a n s...
G alv esto n , &c..
N . Y., B oat., Ac.

02-71
07-79
05-93
1100
00-32
02-43
26-12
17-54
05*84

03-03
10-20
05-61
1412
00-50
02-64
2515
14*19
04-05

02-8 >
07-39
04-35
13-78
00-47
02-55
23*85
10-43
04-67

02*29
09-51
05-18
13-22
00-30
02-95
27-71
13-27
04-73

T o ta l th ro u g h
all p o rts . ..

79-68 79-49 76-29 79-19 80-79 80-35 79-99 79-83 81-06 82-39

Par cent of Crop
Received at—

O v erlan d n e t...
S o u th e rn cons u m p tio n .......

o

a>

1890-91.
1

3o»
CO

1882-93.

1888-89.
1

bales, or 48-64 per cent, whereas the crop of 1894-95 exceeds
that of 1893-94 by but 31-43 per cent. At the same time this
year’s overland is only sixty-seven thousand bales more than
in 1891-92, although the crop of that year was eight hundred
and fifty-four thou sand bales less than in the current year. But
it will be noticed that in the last twenty years—since 1875-76—
the rail movement has increased nearly 165 per cent, against a
gain in total yield for the like period of about 112 per cent.
The various routes have shared in the above noted increase
of six hundred and thirteen thousand bales in widely varying
degree. Through St. Louis, Louisville and Cairo the movement
has enlarged to the extent of about 50 per cent in each case,
and the gain via Cincinnati reaches 65 per cent. On the other
hand, the routes via Evansville, which last year lost nearly
half of their cotton traffic, show this year a further consider­
able decline. The movement via Hannibal has fallen to very
meagre proportions. There has been a marked increase in
total carried over “ other routes,” due in large part to the
opening up of new lines or connections.
The changes in yield in the various sections are reflected in
large measure by the marketing through the outports. In
the season just closed almost every district in the cotton belt
produced more cotton than in the preceding year, but the in­
crease was much greater in some cases than in others. In
Texas the gain was very heavy, a fact that is fully confirmed
by the receipts at Galveston, &c. More cotton was raised in
the Mississippi Valley than in 1893-94, and as a result the
movement through New Orleans exhibits an appreciable ex­
pansion. In the Atlantic States the yield if it has increased
at all has increased only moderately. The variations that
have occurred in the last ten years are shown in the subjoined
statement, v

02-97
11-85
05*95
15-32
00-59
03-43
24-00
12-23
04-45

©
C5
CD
g
02-33
10-42
04-50
15-24
00-52
03-37
26-99
12-03
04-95

03*13
14*05
05-76
13-71
00-49
03*09
24-47
10-22
05-07

11-69 10-90 12*79 13-27 12-21 12*14 12-99 13-86 12-21 12-42
8*63 09-61 10-92

7*54

7-00

7-51

7-02

6-31

0-13 05-19

T o t. U. S. crop. 100-00 100-00 100-00 100-00 100-00 100-00 100-00 100-00 100-00 100-00

In the above table we have figured only what is called the
n e t overland, as the remainder of the g r o s s amount is counted
at New York, Boston, Philadelphia, &c., or at the Southern
ports where it first appears in the receipts. At the same time
the entire g ro s s overland reaches a market by some all-rail
route; hence in measuring the total overland we can do so
correctly only by using the g r o s s figures. To indicate there­
fore the progress made since 1875-76, we give the following :
C rop o f

Total Yield.

Bales.
1 8 9 4 -9 5 . . . .
9 ,8 9 2 ,7 6 6
189 -9 4 . . . .
7 ,5 2 7 ,2 1 1
1 8 H 2 -9 3 . . . .
6 ,7 1 7 ,1 4 2
1 8 9 1 -9 2 . . . .
9 .0 3 8 .7 0 7
1 8 9 0 - 9 1 . . . . 8 ,6 5 5 ,5 1 8
1 8 8 9 -9 0 . . . .
7 ,3 1 3 ,7 2 6
1 8 8 8 -8 9 . . . .
6 ,9 3 5 ,0 8 2
1 8 8 7 - 8 8 . . . . 7 .0 1 7 .7 0 7
1 8 8 6 -8 7 . . . .
6 ,5 1 3 ,6 2 3
1 8 8 5 -8 6 . . . .
6 ,5 5 0 ,2 1 5
1 8 8 1 - 8 5 . . . . 5 ,6 6 9 ,0 2 1
1 S 8 3 - 8 4 . . . . 5 ,7 1 4 ,0 5 2
18828 3 .6. .,9. 9 2 ,2 3 4
1 8 8 1 - 8 2 ....... 5 ,4 3 5 ,8 4 5
1 8 8 0 -8 1 . . . .
6 ,5 8 9 .3 2 9
1 8 7 9 -8 0 . . . .
5 ,7 5 7 ,3 9 7
1 8 7 8 - 7 9 . . . . 5 ,0 7 3 ,5 3 1
1 8 7 7 -7 8 . . . .
4 ,8 1 1 ,2 6 5
1 8 7 6 - 7 7 . . . . 4 ,4 8 5 ,4 2 3
1 8 7 5 - 7 6 . . . . 4 ,6 6 9 ,2 8 8

Increase and Decrease—

Gross
Overland.

O f Crop.

O f Overland.

Bales.
1 ,8 6 7 ,1 0 4
1 ,2 5 3 ,8 5 6
1 ,2 9 0 ,5 1 2
1 ,8 0 0 ,4 8 2
1 ,6 6 6 ,1 4 5
1 ,4 2 9 .1 9 2
1 ,4 6 0 ,1 8 0
1 ,4 1 1 ,9 2 0
1 ,2 9 2 ,1 6 7
1 ,2 6 0 ,2 7 9
9 9 1 ,9 6 0
1 ,0 4 9 ,0 7 0
1 ,2 1 7 ,2 1 5
1 ,1 3 4 ,7 8 8
1 ,0 9 0 ,0 6 7
1 ,1 8 1 ,1 4 7
8 9 1 ,6 1 9
6 9 3 ,6 4 0
6 3 6 ,8 8 6
7 0 3 ,7 8 0

P e r Ot.
Increase 3 1 -4 3
Increase 1 2 -0 6
Decrease 2 5 -6 8
Increase 4 -4 3
Increase 18*35
Increase 5 -4 8
Decrease 1*18
Increase 7 -7 4
Decrease 0 -5 6
Increase 1 5 -5 4
Decrease 0 7 8
Decrease 1 8 -2 8
Increase 2 8 -6 1
Decrease 17*50
Increase 14*45
Increase 1 3 -4 8
Increase 5*45
Increase 7 -2 6
Decrease 3 -9 4
Increase 2 1 -8 1

P e r Ot.
Increase 4 8 -6 4
Decrease 0 2 -8 4
Decrease 28*32
Increase 8 0 6
Increase 16-58
Dicrecun 2-12
Increase 1-27
Increase 11-59
Increase 2*53
Increase 2 7 0 5
Decrease 5-44
Decrease 13 07
Increase 7-26
Increase 4-10
Decrease 7-71
Increase 32*47
Increase 2 8 -5 4
Increase 8*91
Decrease 9 5 0
Increase 5 2 -4 2

C h a n g e f r o m s e a s o n o f ’7 5 -7 6 to ’9 4 -9 5

In cr's c 111*89

In c r’sc 1 6 4 -8 2

In determining this year the portion of ths crop forwarded
by each of the different overland routes, we have followed our
usual method :
F i r s t — Of counting each bale of cotton at ths Southern
outport where it first appears.
S e c o n d -O f deducting from gross overland all cotton shipped
by rail from Southern outports to the North,

[V ol . LXI,

2 h i r d —O i deducting also from overland any amounts taken
from Southern outports for Southern consumption.
F o u r th —Of deducting likewise arrivals by railroads at New
York, Boston, Baltimore and Philadelphia, all of which have
been counted in the receipts from week to week during the year.
With these explanations nothing further is needed to make
plain the following statement of the movement overland for
the year ending September 1, 1895 :
1 8 9 4 -9 5 .
Im o u n t shipped—
V ia 8 t. .L o u is ........................................................
V ia C a i r o ...............................................................
V ia H a n n i b a l .......................................................
V ia E v a n s v i l l e ....................................................
V ia L o u i s v i lle ...................................................
V ia C i n c i n n a t i ....................................................
V ia o t h e r r o u t e s .................................................
S h ip p e d t o m i lls , n o t i n c l u d e d a b o v e . ..

9 4 8 ,6 0 4
3 3 7 ,4 2 3
302
3 ,7 8 4
1 8 9 ,7 5 8
1 7 8 ,0 2 0
1 9 4 ,7 0 2
1 4 ,5 1 1

1 8 9 3 -9 4 .

1 8 9 2 -9 3 .

6 2 3 ,4 6 6
2 3 3 ,6 8 4
1 3 ,7 5 6
7 ,5 0 9
1 3 4 ,8 7 7
1 0 8 ,3 4 7
1 1 8 ,4 2 1
1 3 ,7 9 6

4 9 6 ,1 0 8
2 0 5 ,7 0 1
1 3 8 ,8 0 2
1 3 ,9 8 2
1 4 3 ,0 8 8
1 0 9 ,7 6 0
1 6 8 ,7 7 3
1 6 ,2 9 8

1 ,8 6 7 ,1 0 4 1 ,2 5 3 ,8 5 6 1 ,2 9 0 ,5 1 2
Deduct shipments O v e r la n d t o N e w Y o r k , B o s to n , & c —
B e tw e e n i n t e r i o r t o w n s .............................
G a lv e s to n , i n l a n d a n d lo c a l m i l l s ..........
N ew O r le a n s , i n l a n d a n d l o c a l m i l l s . . .
M o b ile , I n l a n d a n d lo o a l m i l l s ...................
8 a v a n n a h , i n l a n d a n d lo c a l m i l l s ............
C h a r le s to n , i n l a n d a n d lo c a l m i l l s ........
N. C a r o l’a p o r t s , I n l a n d a n d lo o a l m ills .
V ir g in ia p o r t s , i n l a n d a n d lo c a l m i lls ..

5 7 8 ,0 2 5
3 3 ,5 2 0
5 ,3 6 6
3 3 ,6 1 3
1 8 ,2 8 4
3 ,5 0 6
1 4 ,1 3 1
8 ,3 5 1
1 5 ,0 5 7

T o t a l t o b e d e d u c t e d ...............................

3 0 4 ,6 2 0
2 1 ,9 1 9
1 0 ,4 9 9
2 4 ,6 0 1
1 6 ,1 1 9
1 ,9 5 5
1 2 ,2 2 5
2 ,2 1 3
3 9 ,2 1 5

3 1 3 ,7 3 1
3 3 ,0 6 5
5 ,0 5 0
1 6 ,5 0 2
2 1 ,9 9 8
2 ,1 4 9
1 4 ,3 7 4
2 ,4 5 1
2 2 ,2 2 7

7 0 9 ,8 5 3

4 3 3 ,3 6 6

4 3 1 ,5 4 7

L e a v in g t o t a l n e t o v e r l a n d * ............... 1 ,1 5 7 ,2 5 1

8 2 0 ,4 9 0

8 5 8 ,9 6 5

* T h is t o t a l i n c lu d e s s h i p m e n t s t o C a n a d a , & c M b y r a i l , w h ic h d u r i n g
1 8 9 4 -9 5 a m o u n t e d t o 9 9 ,0 9 2 b a le s , a n d a r e d e d u c t e d i n t h e s t a t e m e n t
o f c o n s u m p t io n .

Crop D eta ils .—W e now proceed to give th e details of the
entire crop for tw o years.
L o u is ia n a .
E x p o r t e d f r o m N . O r le a n s *./----------1 8 9 4 - 9 5 .---------- < ----------- 1 8 9 3 - 9 4 .---------T o f o r e ig n p o r t s .....................2 ,0 5 3 ,8 3 1
1 ,6 3 6 ,8 1 1
T o c o a s t w i s e p o r t s ................ 5 3 8 ,7 0 8
4 0 4 ,9 8 3
T o N o r t h e r n p o r t s , & c.
b y r i v e r a n d r a i l * ..............
1 8 ,9 7 7
1 2 ,1 1 2
M a n u f a c t u r e d * ............................
1 4 ,6 3 6
1 2 ,4 8 9
B u r n t ................................................
3 9 .6 9 1
200
8 to c k a t c lo s e o f y e a r ...........
6 7 ,8 5 5 —2 ,7 3 3 ,6 9 8
3 0 ,7 6 7 —2 ,0 9 7 ,3 6 2
Deduct :
R e c e iv e d f r o m M : b i l e . . „ . 1 1 5 ,6 2 9
1 5 7 ,4 5 5
L o u i s i a n a — ( C o n c lu d e d ) .
.--------- 1 8 9 4 - 9 5 .----------, ,----------1 8 9 3 - 9 4 .---------->
R e c e iv e d f r o m G a lv e s t o n
a n d o th e r T e x a s p o r ts .
3 ,1 8 7
9 ,7 6 2
S to c k b e g i n n i n g o f y e a r . .
3 0 ,7 6 7 — 1 4 9 ,5 8 3
3 7 ,0 5 1 — 2 0 4 ,2 6 8
T o t a l p r o d u c t o f y e a r ...........

2 ,5 8 4 ,1 1 5

* I n o v e r l a n d w e h a v e d e d u c t e d t h e s e t w o it e m s .

1 ,8 9 3 ,0 9 4

■ £J

:-0'J88

A la b a m a .
E x p o r t e d f r o m M o b ile :*
T o f o r e ig n p o r t s ...................
T o c o a s t w i s e p o r t s ...............
M a n u f a c t u r e d ...........................
S to c k a t c lo s e o f y e a r ...........
Deduct :
R e c e ip t s f r o m N . O r le a n s .
R e c e ip t s f r o m P e n s a c o l a .
S to c k b e g i n n in g o f y e a r . .

1 2 2 ,9 ^5
1 3 8 ,0 9 3
5 ,4 0 7 —

2 6 6 ,4 9 5

3 4 ,6 6 0
1 8 4 ,0 2 9
100
2 ,7 8 8 —

2 6 ,2 7 5

1 ,0 3 6
1 5 ,9 9 1
5 ,4 2 5 —

1 0 ,2 7 6
1 3 ,2 1 1
2 ,7 8 8 —

T o ta l p r o d u c t o f y e a r

2 2 1 ,5 7 7

2 2 ,4 5 2
1 9 9 ,1 2 5

2 4 0 ,2 2 0

* U n d e r t h e h e a d o f c o a s t w i s e s h i p m e n t s f r o m M o b ile a r e in c l u d e d
1 3 ,2 8 4 b a l e s s h ip p e d i n l a n d b y r a i l n o r t h a n d f o r S o u t h e r n c o n s n m p
ti o n , w h ic h w ill b e f o u n d d e d u c t e d i n t h e o v e r l a n d m o v e m e n t .

Texas.
E x p ’t e d f r o m G a lv e s t o n , & c.:
T o f o r e ig n p o r t s ( e x c e p t
M e x i c o ) ................................ 1 ,3 4 9 ,1 5 3
T o M e x ic o , f r o m G a lv e s ­
to n , C o r p u s C h r is ti , & c .
5 8 ,1 7 8
T o c o a s t w i s e p o r t s * ............ 3 3 7 ,4 2 7
S to c k a t c lo s e o f y e a r ...........
1 1 ,1 5 1 —1 ,7 5 5 ,9 0 9
Deduct:
R e c e iv e d a t G a lv e s t o n
f r o m N e w O r le a n s , & c .
268
R e c e iv e d a t E l P a s o , &c.
f r o m G a lv e s t o n , & c ___
S to c k b e g i n n i n g o f y e a r . .
20^313—
2 0 ,5 8 1
T o ta l p r o d u c t o f y e a r

7 8 2 ,1 6 6
2 9 ,2 0 2
2 5 3 ,1 1 6
2 0 , 3 1 3 —1 ,0 8 4 ,7 9 7

350
1 6 ,7 1 7 —

1 7 ,0 6 7
1 ,0 6 7 ,7 3 0

1 ,7 3 5 ,3 2 8

* C o a s tw is e e x p o r t s i n c lu d e 5 ,3 6 6 b a l e s s h i p p e d i n l a n d a n d t a k e n f o r
c o n s u m p t io n , w h ic h a r e d e d u c t e d in o v e r l a n d s t a t e m e n t .

Florida.
E x p o r t e d f r o m F e r n a n d i n a , &c.*
T o f o r e i g n p o r t s ...................
300
T o c o a s t w i s e p o r t s ............... 3 1 ,3 1 4
S to c k a t c lo s e o f y e a r ........................... D e d u ct:
R e c e iv e d f r o m M o b ile ___
300
S to c k b e g i n n i n g o f y e a r ...................-

3 1 ,6 1 4

T o ta l p r o d u c t o f y e a r

3 1 ,3 1 4

500
3 7 ,2 9 7
...............—

3 7 ,7 9 7

300
3 7 ,7 9 7

* T h e s e f ig u r e s r e p r e s e n t t h i s y e a r , a s h e r e t o f o r e , ouTy t h e s h i p m e n t s
f r o m t h e F l o r i d a outports. F l o r i d a c o t t o n h a s a l s o g o n e i n l a n d t o
S a v a n n a h , & c ., b u t w e h a v e f o llo w e d o u r u s u a l o n s to m o f c o u n t i n g t h a t
c o t t o n a t t h e outports where it fir s t appears.

THE CHRONICLE.

S eptem ber 7, 1895.1
G e o r g ia .

E x p o r t e d f r o m S a v a n n a h : —-------- 1 S 9 4 - 9 5 .----------v --------- 1 8 9 3 -9 4 .4 9 1 .0 6 4
T o f o r e ig n p o r t^ —U p la n d 5 2 5 ,1 0 1
2 0 ,5 2 6
2 5 ,2 5 8
T o f o r e i g n p o r t s —S e a Ia 'd
T o c o a stw ise p o r ts —
4 2 4 ,9 2 6
U p l a n d ' ............................... 3 5 7 ,3 1 3
4 4 ,1 9 9
2 9 ,5 2 0
S e a I s l a n d ...........................
E x p 'd f r o m B r u n s w i c k , 3cc.:
7 1 .3 1 0
T o f o r e i g n p o r t s ................. 1 0 1 ,3 9 1 :
4 4 ,4 6 1
2 7 ,9 2 9
T o c o a s t w i s e p o r t s ...............
273
823
B u r n t ........ ..............................
2 .1 9 9
1 ,6 2 3
M a n u f a c t u r e d * ........................
S to c k a t d o s e o f y e a r 5 ,4 4 6
8 ,3 9 8
u p la n d ................................
4 0 3 — 1 ,1 0 3 ,3 5 0
S e a I s l a n d ...............................
8 2 5 —1 ,0 8 1 ,5 7 6
D e d u ct:
6 ,4 0 3
R e c 'v ’d f r o m C h 's t o n , A c.
6 ,2 4 0
R e c e iv e d f r o m F l o r i d a —
540
U p l a n d ! .......... ........... . .
8 to c k b e g i n n in g o f y e a r —
1 0 ,0 3 7
8 ,3 9 9
U p l a n d ...............................
925—
1 5 ,6 2 6
1 ,4 1 2 —
1 8 ,2 7 9
S e a I s l a n d ............................
1 ,0 8 7 ,7 2 4

T o t a l p r o d u c t o f y e a r _____

1 ,0 6 3 ,2 9 7

• T h e a m o u n t s s tilp p n 1 I n la n d a n d t a k e n f o r c o n s u m p t io n a r e d e d u c t e d
In o v e r l a n d .
I T h e s e a r e o n ly t h e r e c e i p t s a t S a v a n n a h b y w a t e r f r o m t h e F l o r i d a
o u t p o r t s . a n d . b e i n g c o u n t e d In t h e F lo r id a r e c e i p t s , a r e d e d u c t e d h e r e .
B e s id e s these- a m o u n ts t h e r e h a v e a l s o b e e n 1 6 ,5 3 0 b a l e s U p la n d
a n d 1 1 .0 1 1 b a l e s S e a I s l a n d , f r o m th e I n t e r i o r o f F l o r id a , r e c e iv e d a t
S a v a n n a h d a r i n g t h e y e a r b y r a i l.
S o u th C a ro lin a .
E x p o rte d fro m C h a r l e s to n :
T o f o r e i g n p o r ta — U p la n d 3 3 7 .8 8 9
2 .8 6 1
T o f o r e ig n p o r t s —S e n t s 'd
T o c o a s t w tae«purr.»—
U p la n d * ...................... .
7 9 ,6 9 9
S e a I s l a n d . ...............
2 .4 4 5
E x p o r t e d fr o m P o r t R o y a l
a n d B e a u fo rt:
T o f o r e i g n p o r t* —U pV -nl 1 5 8 .2 3 6
T o f o r e i g n p o r t* —S e a I e 'd
103
E x p o r te d c o a stw ise
f r o m G e o r g e to w n , & c—
2 ,6 1 7
S to c k a t c l o w o f y e a r —
I t.370
U p la n d ........ ...................... —
2 — 5 9 3 ,2 7 4
See b l a n d . . . . . . . _______
D e d u ct:
B<ec*d f r o m S a v a n n a h —
U p la n d ............ ..
42
R e v i v e d fro m F lo r id a a t
C h a rle s to n —
61
B e e i v e d fr o m X . O r le a n s
8 to c k b e g in n i n e o f y e a r —
U p l a n d .............................
1 1 ,2 7 7
S e n I n l a n d ................ ...........
463—
iu m
T o ta l p ro d u c t o f y e a r

S lo c k b e g i n n i n g o f y e a r .

1 ,3 7 5 —

T o t a l p r o d u c t o f y e a r _____

1 ,3 7 5

7 9 ,9 1 5
170
1 ,6 6 8
1 1 ,2 7 7
462—

T o ta l croo
* I n c l u d in g F lo r id a .

0 7 ,0 8 8

300
1 2 ,5 1 3
5024 2 2 ,2 8 3

1 6 7 ,4 0 4
2 1 .8 3 0
3 8 ,3 4 4
1 .1 8 2
1 ,3 7 5 1 ,7 4 0 —

M 3 .1 8 2

2 2 9 .9 2 4
1 ,7 4 0
2 2 8 .1 * 4

V ir g in ia .
E x p o r t e d f r o m N o r f o lk :
T o f o r e ig n p o r t s .............
1 3 9 .1 2 4
1 7 4 ,0 1 0
T o c o a s t w i s e p o r t s ' . . . . . . 2 * 4 ,4 8 2
3 3 6 ,7 1 7
E x p o rte d fro m W e st P o i n t :
T o f o r e i g n p o r t s . . . . . . . . . . 1 0 7 .1 5 8
9 5 ,9 6 4
T o c o a s t wise p o r t* . . . . . . . 1 7 8 ,5 7 9
1482 9 8 9
E x p 'd f m N e w p 't N e w s , h e .
T o fo re ig n p o r t s . . . . . . . . . .
3 3 .3 6 3
4 8 .2 1 0
T o c o a s t w i s e p o r ts . . . . .
460
2 .2 3 1
T a k e n fo r m a n u fa c tu re . . .
1 4 .3 6 3
1 1 ,7 9 4
B u r n t .............................................
24
179
S to c k e n d o f y e a r , N o rfo lk ,
W e st P o in t,M e w ..N e w s.h o ,
5 ,5 5 3 — 8 1 2 .4 0 6
2 ,7 4 1 D e d u ct:
K eo . iv , d fr o m M o b il* ___
2 .3 2 6
6 .8 5 9
R e c e iv e d f r o m W U m ln jrt'n
4 ,1 8 8
2 .2 2 0
R e c e iv e d
fro m
o th e r
-—
N o r t h C a r o l in a p o r t s __,
3 0 ,8 3 3
3 1 ,2 3 9
R e c e iv e d a t N o rfo lk , h e ,
f r o m W e st P o i n t , h e . . .
1 .7 1 5
1 ,5 2 6
S to c k 1 o t i n n i n g o f y e a r .
2 .7 2 1 —
41 2 5 9 3
0 .3 0 0 -

8 1 5 ,2 0 4

4 7 .9 4 2

T o ta lp r 4 n et of y ea r . . . . .
7 7 0 .8 2 .1
7 8 7 ,2 6 2
* I n c l u d e s « i» t b a le * S h ip p e d to t h e I n te r io r , w h ic h , w ith 1 4 ,3 6 3
h a l e s t a k e n f o r m a n u f a c t u r e , a r e d e d u c te d in o v e r l a n d .
T enneaaee, h e .

F r o m M e m p h is ...........

5 9 0 ,1 5 2

F r o m N a s h v ill e ........ ..
5 8 .2 7 9
F r o m o t h e r p la c e s in T>-n
s e a s e e . M ies., T » x „ h e 1 .4 1 2 ,2 3 5
S to c k in M e m p h is a n d N a s h
D e itu e B

e0 tl ° f * * * * ....... "

3 ,1 14— 2 .0 6 0 .7 8 0

S h ip p e d fro m M e m p h is ,
N a s h v ille , h e . , d i r e c t t o
S o u th e r n o u t p o r t s ........... 3 2 0 ,1 8 7
8 h i p [ » d d i r e c t to m s n u
t o r t u r e r s ........
1 ,1 5 7 ,2 5 1
S to c k a t M e m p h is a n d
N a s h v ill e a t b e g i n n in g

0 f 7«*r................................

5 .3 1 7 - 1 .4 8 2 ,7 5 5

Xumber
oJ bait*.

T e x a s ............ J ,735,338
L o u isian a— 3.584.115
A labam a. —
•GO.Till
d e o n ria * ., . 1.110,038
5
So. C arolinaVirginia
770,8*3
S o. C a ro lin a .
3&3.18*
Tears'MW***. Ac

8 2 .6 7 3
2 ,1 5 2

* O f th e se , s h i p m e n t s 6 ,8 9 * b a l e s w e n t i n l a n d b y r a i l fr o m W ilm in g to n
a n d w i t h lo c a l c o n s u m p t io n a r e d e d u c t e d in o v e r l a n d .

S h ip m e n ts —

W eight o f B ales.
The average w eight of bales and the gross w eight of the
crop w e have made up as follow s for this year, and give last
year for comparison:
1’ear ending September 1 1805.

5 8 0 ,4 3 2

Deduct:

T o ta l p ro d u c t d e ta ile d iu th e fo r e g o in g b y S ta te s f o r th e y e a r
e n d i n g S e p t e m b e r 1 , 1 8 9 5 ........................................................... b a l e s . 9 , 0 3 9 .4 7 4
C o n s u m e d i n t h e S o u th , n o t i n c l u d e d ...... .............................................. 3 5 3 .3 5 2
T o t a l c r o p I n t h e U . S . f o r y e a r e n d i n g S e p t. 1 , 1 8 9 5 . . b a l e s . f ,8 9 2 . 7 6 6
rielow w e g i v e the total crop each year since 1838:
F ears.
Bales.
Bales.
Tears.
Tears.
Bales.
4 .4 3 5 .4 2 3 1 8 5 5 - 5 6 . . . . 3 ,6 4 5 ,3 4 5
1 8 9 4 9 5 . . . . 9 ,8 9 2 ,7 6 6 1 8 7 6 - 7 7 .
1 8 9 3 - 0 4 . . . 7 .5 2 7 .2 1 L 1 8 7 5 - 7 6 .
4 ,6 6 9 ,2 8 8 1 8 5 4 - 5 5 . . . . 2 ,9 3 2 ,3 3 9
1 8 9 2 - 9 3 . . . . 6 .7 1 7 ,1 4 2 1 8 7 4 - 7 5
3 ,8 3 2 .9 9 1 1 8 5 3 - 5 4 . . . 3 ,0 3 5 ,0 2 7
1 8 9 1 - 9 2 . . . 9 .0 3 8 ,7 0 7 1 3 7 3 - 7 4 .
4 ,1 7 0 ,3 8 8 1 8 5 2 - 5 3 . . . 3 .3 5 2 ,8 8 2
1 8 9 0 - 9 1 . . . 8 ,6 5 5 ,5 1 8 1 8 7 2 - 7 3 .
3 ,9 3 0 ,5 0 8 1 8 5 1 - 5 2 . . . . 3 .0 9 0 ,0 2 9
1 8 8 9 - 9 0 . . . . 7 ,3 1 3 .7 2 6 1 8 7 1 - 7 2 .
2 .9 7 4 .3 5 1 1 8 5 0 - 5 1 . . . . 2 ,4 1 5 .2 5 7
4 ,3 5 2 ,3 1 7 1 8 4 9 - 5 0 . . . . 2 ,1 7 1 ,7 0 6
1 8 8 8 - 8 9 . . - . 6 ,9 3 5 .0 8 2 1 8 7 0 - 7 1 .
1 8 8 7 - 8 8 . . . . 7 ,0 1 7 ,7 0 7 1 8 6 9 - 7 0 .
3 1 5 4 .9 4 6 1 8 4 8 - 1 9 . . . . 2 ,8 0 3 ,5 9 6
1 8 3 6 - 8 7 . . . 6 .5 1 3 ,6 2 3 1 8 6 8 - 6 9 .
2 ,4 3 9 ,0 3 9 1 8 4 7 - 1 8 . . . . 2 ,4 2 4 ,1 1 3
1 S S 5 -S 6 . . . 6 ,5 5 0 ,2 1 5 1 8 6 7 - 6 8 .
2 ,4 9 8 ,8 9 5 1 8 1 6 - 4 7 . . . . 1 ,8 6 0 ,4 7 9
1 8 8 4 - 8 5 . . . 5 ,6 6 9 ,0 2 1 1 3 6 6 - 6 7 .
2 ,0 5 9 ,2 7 1 1 8 4 5 - 1 6 . . . . 2 ,1 7 0 ,5 3 7
2 ,2 2 8 ,9 8 7 1 8 4 4 - 4 5 . . . 2 ,4 8 4 ,6 6 2
1 8 8 3 - 8 4 . . . . 5 .7 1 4 ,0 5 2 1 8 6 5 - 6 6 .
1 8 8 2 - 8 3 . . . . 6 ,9 9 2 ,2 3 4 1 8 6 1 - 6 5 .
N o r e c o r d . 1 .8 4 3 -4 4 . . . 2 ,1 0 8 .5 7 9
1 8 8 1 - 8 2 . . . 5 ,4 3 5 ,8 4 5 1 3 6 0 - 6 1
3 ,8 2 6 .0 8 6 1 8 4 2 - 1 3 . . . 2 ,3 9 4 ,2 0 3
1 8 8 0 - 8 1 . . . . 6 .5 8 9 ,3 2 9 1 8 5 9 - 6 0 .
4 ,8 2 3 ,7 7 0 1 8 4 1 - 4 2 . . . 1 ,6 8 8 ,6 7 5
1 8 7 9 - 8 0 . . . . 5 ,7 5 7 ,3 9 7 1 8 5 3 - 5 9 .
3 ,9 9 4 ,4 8 5 1 8 1 0 - 4 1 . . . 1 ,6 3 9 ,3 5 3
3 .2 3 3 ,9 0 2 1 8 3 9 - 1 0 . . . 2 ,1 8 1 ,7 4 *
1 8 7 8 - 7 9 . . . . 5 .0 7 3 .5 3 1 1 8 5 7 - 5 8 .
3 ,0 5 6 ,5 1 9 1 8 3 8 - 3 9 . . . 1 ,3 6 3 ,4 0 3
1 8 7 7 - 7 8 , . . . 4 .8 1 1 ,2 6 5 1 8 5 6 - 5 7 .

Crop a /—

3 2 1 .1 3 5
233

* I n c l u d e d In t h i s I te m a r e 1 4 ,1 3 1 b a le s , t h e a m o u n t s t a k e n b y l o c a l
m ills a n d s h ip p e d t o I n te r io r , a l l o f w h ic h is d e d u c t e d i n o v e r l a n d .
N o rth C a r o lin a ,
E x p o r te d fro m W ilm in g to n :
T o f o r e ig n p o r t s . . . . . . . . . 2 0 2 ,2 7 0
T o c o a s t w i s e p o r t s * . . . ___
3 1 ,7 2 4
3 3 ,5 8 1
C o a s t 's I 'm W a s h in g to n . Jte.
Manufactured.. ................
1 .8 5 3
S to c k a t c l o s e o f y e a r . . . . . .
3 4 0 — 2 6 0 ,5 5 7

405

490 ,152

37 li9
9 0 6 ,6 0 3
5 .3 1 7 - 1 ,4 3 9 .1 !

3 0 6 ,1 7 1
820.1SMJ

7 ,9 1 0 —1,134,5'

’ • * * Y - i k* '
5 7 8 ,0 2 i
304.85
A d d s h t p u i e n t s t o m a ttu to c t u r e r s d i r e c t .........................
1 .1 5 7 ,2 5 1
8 2 0 .4 1
T o t a l m a r k e t e d b y ro il fro m
T o n e s s e s , h e * ' ..............
1 ,7 3 5 .2 7 6
1 ,1 2 5 ,1 1
'E x c e p t 8 0 ,3 9 9 b a l e s d e d u c t e d in o v e r l a n d , p r e v i o u s l y c o u n t e d .

Weight <n
pounds.
WJ3,413.598
1,3^0.973.747
l2 ty iC ,7 2 7
C50,l&MB2
*87,988*11*
37H.38l.3S7
1,305, U*.23S

T e ar ending September 1,1894.

A cerage
weight.

Xumber
o f bales.

Weight in
pounds.

631*55
511*19
507*86
491*63
491*00
490*75
404*31
604*18

1.067,730
1,803,094
199,123
1,101,094
422.28?
787.282
228,184
1.*48.439

558,906,013
950,257,404
99,721.800
333,35^,923
203,337.710
374,182,987
110.098.7&0
920,576,075

521*58
501*06
500*80
484*39
481*52
487*66
482*50
498*03

7,527.211

3,748.422.382

407*08

Sj0lM 3».687

Av'age
weight.

According to the foregoing, the average grass w eight per
bale this season was 507'38 lbs., against 497'98 lbs. in 1893 94,
or 9 40 lbs. more than last year. Had, therefore, only as
many pounds been put into each bale as during the previous
season, t i e crop would have aggregated 10,079,800 bales. The
relation of the gro*s w eights this year to previous years may
be s e e n from the follow ing comparison:
.season o f —
1 8 0 1 9 5 ..........................
19M3 - 1 ..........................
1* 1 2 - 0 3 .........................
1 8 * 1 - 9 2 ........................
1 8 9 0 0 1 ..................
1 9 9 9 - 9 0 .........................
1 8 9 9 - 1 0 ...........................
1 6 8 7 - 9 8 ...........................
1 8 8 6 - 8 7 ..........................
IS S .V H 6 ........................
| s « t - s ' , .............. .. .
l 8 8 3 - * 4 .................
18H J-6S . . . ____ _
1 8 8 1 -8 2 ...........................
1 8 8 0 8 1 ..........................
1 8 7 0 -9 0 .......................
1 8 7 8 - 7 0 ..........................
1 9 7 7 - 7 8 ..................
1 8 7 6 - 7 7 ____ ________
1 8 7 5 -7 6
_________

X um b er o f Hate*.

Weight, Bounds

0 ,9 0 2 ,7 6 6
7 .5 2 7 ,2 ! 1
6 ,7 1 7 ,1 1 2
W .0 3 8 .7 0 7
“ ,6 5 5 ,5 1 8
7 ,3 1 3 .7 2 0
6 ,0 3 5 ,0 9 2
7 ,0 1 7 ,7 0 7
8 .5 1 3 ,6 2 3
6 ,5 5 0 ,2 1 5
5 .0 6 9 ,0 2 1
5 ,7 1 4 .0 5 2
0 ,9 0 2 ,2 3 1
5 ,4 3 5 .8 4 5
6 .5 9 9 ,3 2 0
5 ,7 5 7 ,3 0 7
5 .0 7 8 2 1 3 1
4 ,8 1 1 ,2 6 5
4 ,4 8 5 ,4 2 3
1 ,6 6 0 ,2 8 8

5 . 0 1 0 ,1 3 0 ,6 8 7
3 . 7 1 8 .1 2 2 .3 5 2
2 ,3 5 7 .5 8 8 ,6 3 1
4 ,5 0 8 ,5 1 2 4 ,4 0 5
1 ,1 2 8 ,1 0 0 2 * 1 5
3 ,6 2 9 ,5 2 0 ^ 3 1
3 ,1 3 7 ,1 0 9 ,1 0 0
3 ,1 0 6 .0 6 8 ,1 6 7
3 ,1 6 5 ,7 1 5 .0 8 1
3 ,1 7 9 .4 5 6 ,0 9 1
2 ,7 2 7 ,0 6 7 ,3 1 7
2 .7 5 0 ,0 1 7 .0 4 1
S , 1 3 0 ,5 1 6 ,7 0 1
2 ,5 8 5 ,6 9 6 .3 7 8
3 ,2 0 1 ,5 1 0 ,7 3 0
2 ,7 7 2 ,1 i n , 4 8 0
2 ,4 0 0 ,2 0 5 ,5 2 5
2 ,3 0 :> ,0 0 8 ,0 0 7
2 ,1 0 0 ,4 6 5 ,0 8 6
2 ,2 0 1 ,4 1 0 .0 2 1

Writ/h t.
p e r Bale
5 0 7 -3 8
1 9 7 -9 8
1 9 9 -9 5
1 9 8 -7 8
4 0 9 -8 4
496*13
1 9 5 -6 6
485*35
486*02
485*40
.
1 8 2 -8 6
1 9 0 -6 0
1 7 5 -6 2
4 8 5 -8 8
4 8 1 *56
4 7 3 -0 3
1 8 0 -1 5
468*28
471*43

New Crop and its M arketing.
Special difficulty besets an investigation with reference to
the outcome of the grow ing crop because of the backward­
ness of the plant. There is of ciu rse no doubt that the area
the current sea*on is appreciably l«ss than in 1894 and that
fact alone warrants the conclusion that the yield w ill be
materially less, especially as the last crop was a very full one
on the acreage planted.
furtherm ore, advices from the
different sections of the S iuth indicate that taking the cotton
belt as a whole the condition of the plant at this tim e is not so
satisfactory as it was a year ago. A t no tim e since growth
began has the g neral outlook been considered as good as
last season, and within the p u t five or six weeks there has
been some depreciation in alm ost every State. In Texas lack
of rain has brought about a low ering of condition, and in
some other sections o f the South an exc,its of rain has oper­
ated in the sam e direction.
A nalyzing our advices from the various States the present
promise would seem to bo best in Georgia and least encour­
aging in Texas. Georgia did not make a full crop last
year and may possibly produce as inuoh cotton this year as it
did then if future conditions prove favorahle. But as at
present advised w e cannot say the same o f any other State. In
fact our latest advices denote that since the first of September
the situation has beeD grow ing worse nearly everywhere.
With reference to maturity we give our usual statem ent
of receipts up to September l and the date of marketing first

THE CHRONICLE,

40 (>

fV0L. LXI.

bale. Tbe table of receipts is an especially useful record. It shows an appreciable increase ovtr 1893-94, and is in fact the
will be seen that in no year included in tbe statement have heaviest yield on record.
F lo r id a .
the aggregate receipts prior to the first of September been
.---------- - .-----------1 8 9 3 -9 4 .
nearly so small as in the current year ; indeed, by referring to R e c t a a t S a v a n ’h .& c .b a le s-----------1894-!)r>
1 1 ,0 5 5
1 4 ,9 9 9
R
e
c
e
ip
ts
a
t
C
h
a
r
l
e
s
to
n
.
.
.
t
il
53
former reports we find that we have to go back to 1884 to
R e c e ip ts a t N e w Y o rk , & e.
4 ,0 9 0
4 ,0 5 5
get a year when tbe August movement has been so re­ S h ip m e n ts t o L i v e r p o o l
d i r e c t f r o m F l o r i d a ...........
...............
...............
stricted. This furn:8hes pretty conclusive evidence of the
backwardness of tbe 1895 crop, as there has been no unusual T o t .S e a I s l a n d c r o p o f F la .
1 5 ,1 7 0
1 9 ,1 0 7
lie o ra la .
inlluence to delay the arrivals. Moreover, our advices denote
ip ts a t S a v a n n a h ........6 4 ,3 0 5
5 4 ,2 5 9
that only within the past two weeks has picking become at RR ee cc ee ip
ts a t B r u n s w ic k ,& c .
u 7 7 —6 5 ,2 8 2
1 7 4 —5 4 ,1 3 3
all active in Tcshs, and is only just now getting under way
Decfuct—
R e c e ip ts fr o m F l o r i d a ........ 1 1 ,0 5 5
1 4 .9 9 9
in many ether sections. We bring forward our u;ual data R e c ’p t a f r o m C l i a r i o s 'n , A c o i l — 1 1 ,5 6 6
G7— 1 5 ,0 6 6
bearing upon the maturity of the plant, presenting first the
T o t. S e a I s l a n d c r o p o f G a .
5 3 .7 1 6
39 367
compilation covering the date of receipt of first bales.
Date o f Ilcceipt o f F irs t Bale.
1889.
V irg in ia —

1890.

1891.

1892.

1893-

1894.

1895.

A u g .2 3 A u g . 2 0 A u g .2 5

S o u tli C a r o lin a .
R e c e ip ts a t C h a r l e s t o n . . . ^ 5 ,3 6 0
R e c e ip ts a t B e a u f o r t , & e . .
6 1 4 —5 .9 7 4
Deduct—
R e c e ip ts fr o m F lo r id a , & e.
61—
61

T o t. S e a I s l a n d c r o p o f S.C .

N o . C a rolina—
C h a r l o t t e ........ S e p t. 4 A u g . 2 6 A u g 2 i S e p . 1 A u g .2 4 A u g .2 9
W i lm i n g to n .. S e p t. 1 A u g . 15 A u g . 15 A u g 2 0 A u g . 3 1 A u g .2 2
So. C arolina—
C h a r l e s to n -- A u g . IT A u g . 7 A u g . $ A u g . 13 A u g . 7 A u g . l o A ug. 2 1
A u g . 31
Georgia—
A n tru st a ........... A llg. 15 A u g . 7 A u g . 10 A u g . 11 A u g . 7 [A u g . 15 A u g .1 3
A u s r.1 6 1A rn r.2 6 A u g .2 9
A u g . IT A u g . 11
Savannah—
F r o m G a ___ A ug. 5 A u g . 2 A u g . 6 A u g . 1 J u l y 2 9 A u g . 11 A u g . 1 2
A ug.1T A u g . 9 A u g . 12 A u g . 26 A u g .1 2 lA u g .1 5 A ug. 2 1
F ro m F la .
__ A u g . 6 A u g . 11
A l b a n y .............. J u l y 3 J u l y 5 J u l y 2 4
.
A u g .lt
F lo rid a —
T a l l a h a s s e e . . . A u ? . 1 0 A u g . 6 A u g 7 A u g 31 A u g . 4 A u g . 16 A ug. 17
A labam a—
M o n tg o m e r y . A u g . 2 A u g . 2 A u g . 6 A u g . 8 A u g . 2 A u g . 14 A n g .1 7
M o b i l e ............ . A u g . 15 A u g . 9 A u g . 8 A u g . 7 A u g . 4 A u g . 11 A u g . 14
S e l m a ............... A u g . 10 A u g . 4 A u g . 6 A u g . 12 A u g . 11 A u g . 9
E u fa u la
.. A u g . 7 A u g . 7 A u g . ( A u g . 12 J u l y 29 A ug. 11 A u g .1 3
L o u is ia n a —
N e w O r le a n s —
F r o m T e x a s J u l y 2 3 J u l y 29 J u l y 9 J u l y 12 J u l y i : J u l y 7 J u l y 2 5
“ M iss. V al A llg .1 3 A u g . 9 A u g . 1 2 A u g .2 4 A u g . 3 A llg . 14 A u g . 12
S h r e v e p o r t ___ A u g . 2 0 A u g . 13 A u g . 14 A u g .2 4 A u g . 14 A u g .1 6 A u g . 1 4
I f ississippi—
V ic k s b u r s r . . . . A u g . 21 A u g . 9
S e p t. 3, A u g . 2 6 A u g .1 8 A u g .3 0
C o lu m b u s ........ A u « .2 6 A u g .2 1 |A u g .l 8 A u g . 2 7 A u g .1 9 A llg . 17 A u g .2 7
G r e e n v i l l e ___
A u g .2 l A u g .1 8 A u g .2 3 A u g .2 3 A u g .3 0 A u g .2 8
Arkansas—
L i t t l e R o c k ___ A ilg .2 7 A u g . 2 2 A u g . 19 A u g .1 9 A u g .2 4 A u g .2 2 A u g .3 0
A u g .2 3 A u g . 26
A lltr.3 0
Tennessee—
M e m p h i s .......... A u g . 19 A u g . 19 A u g .2 2 S e p t, 1 A u g .2 2 A u g . 17 A u g .2 0
Texas—
G a l v e s t o n ........ J u l y 2 ‘ J u l y 9 J u ly 2 3 J u l y 13 J u l y 2 4 J u l y 13 J u l y 11
D uval D uval
B e e S a n P a t D e W itt D e W itt D e W itt
C o u n t1. C o u n ty C o u n ty B e e Co C o u n ty C o u n ty C o u n ty
H o u s t o n ........... J u l y 21 -In ly 21 J u l y 6 J u l y ll l J u n e 'J O J u n e 2 6 J u l y 2 4
F a y ’tt, D u v a l D u v a l | D u v a l U v a ld e V*t o r i a
' K I f 110,11} (C o u n ty C o u n ty C o u n ty C o u n ty 'C o u n ty C o u n ty C o u n ty

R e c e ip t s a t N e w O r l e a n s .

2 ,1 1 9
2 1 2 — 2 ,6 3 1
5?—

2 ,5 7 8

M is s is s ip p i.
4

...........

T o t a l S e a I . c r o p o f M is s .
R e c e ip t s a t N e w O r l e a n s . .

53

5 ,9 1 3

4
L o u isia n a .
19

T o ta l S ea Is l. c ro p o f L a .

29

T exas.
R f c e i p t s a t G a l v e s t o n .......................
R e c e ip t s a t N e w O r l e a n s . .
1
T o ta l S ea Is. c ro p of T e x .

1

T o ta l S ea Is la n d c ro p of
t h e U n ite d S t a t e s ..............

7 4 ,1 3 9

6 1 ,0 5 2

The distribution of the crop has been as follows:
How
D istributed.

Supply year ending
Sept. 1 , 1 8 S 5 .
P orts of—

Stock
Sept. 1,
1894.

O f which
Exported to— Total
F o r 'g n
Stock, L ea v'g
E x­
Net.
Total S ept.l, fo r D is - Great H avre ports.
C rop. Supply 1 8 9 5 . IH b ’t’n. B r iT n .
<£c.

S. C a r o lin a .
G e o r g ia ___
F l o r i d a ___
T e x a s ..........
M is s is s ip p i
L o u isia n a .
N ew Y o rk .
B o s to n . . ..
B a l tim o r e .

463
5 .9 1 3
6 .3 7 6
8 2 5 5 3 ,7 1 6 5 4 ,5 4 1
1 5 ,1 7 6 1 5 ,1 7 6
1
1
4
4
—
29

T o ta l...

1 .2 8 8 7 1 .8 3 9 7 6 ,1 2 7

..........

..........

2
6 ,3 7 4
2 .9 1 4 1
4 0 3 5 4 ,1 3 8 1 8 ,8 5 0
1 5 ,1 7 6
1
..........
4

...........

...........

5 3 2 ,9 6 7
41 2 1 ,2 9 1
...........
- -

4 ,4 2 5 1 3,15*6
8 ,4 7 3 ;
....
431
....

7 ,5 8 1
8 ,4 7 1
431

4< 5 75 .7*2 3 5 ,0 9 1 ' 5 .6 5 ' 4 0 ,7 4 1

From the foregoing we see that the total growth of Sea
Island this year is 74,839 bales; and with the stock at the
beginning of the year (1,288 baits), we have the following as
the total supply and distribution :

As to the arrivals of new cotton to the first of September, T h is y e a r 's c r o p .........................................................................................b a l e s . 7 4 .8 3 9
there are in many years circumstances tending to hasten or. S to c k S e p te m b e r 1, 1 8 9 4 ................................................................................... 1 ,2 8 8
relard tbe early movement. Two years ago financial strin­
T o ta l y e a r 's s u p p l y ......................................................................... b a l e s . 7 6 ,1 2 7
gency acted as a deterring influence, but last year the move­ Distributed as fo llo io s :
n p o r t s ................................................. b a l e s . 4 0 ,7 4 1
ment was natural. This year, as stated above, maturity ES tox pc ok ret endd toof foy er eaigr ...............................................................................
4 0 5 —4 1 ,1 4 6
alone is responsible for the unusually small volume of re­
L e a v in g f o r c o n s u m p t i o n i n U n i t e d S t a t e s .......................b a l e s . 3 4 ,9 3 1
ceipts. It will be noticed that Galvt stem has received thus
We thus reach tbe conclusion that our spinners have taken
far but 2,877 bales of the new crop, or 83 per cent less than
of
Sea Island cotton this year 34,979 bales (2 bales being
last year, and that at New Orleans the arrivals have been
burnt), or 10,634 bales more than in the previous year.
only 4,379 bales, against 15,233 bales in 1894.
The following useful table shows the crops and movement
ARRIVALS OF NEW COTTON TO SEPTEMBER 1 .
of Sea Island since the war :
1893.
C h a r l o tte , N . C .......... ..........
39
C h a r l e s to n , S . C ........
3 4 , 0 4 0
,105
197
A u g u s t a , G a ................
1 7 9 3 ,2 5 0
300
301
S a v a n n a h , G a ............. 1 2 ,2 8 9 1 8 ,1 4 8 !
,168 2 ,0 0 3
C o lu m b u s , G a .............. 1,3 1 1 1 ,1 3 2
8) 3
136
M o n tg o m e r y , A la ___ 4 ,6 6 0 7 ,0 2 6
,739
89
M o b ile , A l a ....................i
8 9 9 1 ,6 5 4
62
,28f
S e lm a , A l a .................... 3 ,511 5 ,4 6 0
,75(
100
E u l 'a u la , A la ................ | 1 ,6 5 8 1.6 7 1
640
82
N e w O r le a n s , L a ____i 3 ,8 4 3 1 7 ,3 8 1 '1 4 , 6 8 5 4 ,6 6 6
S h r c v e p n t , L a ..........
118
303
225
2
V ic k s b u r g , M is s ........
6
14
C o lu m b u s , M is s ..........
34
3
1.7
1
M e m p h is , T e n n ..........
20
20
G a lv e s t o n , T e x a s ___ .7 ,0 6 0 2 0 ,4 2 5 27, 404 1 2 ,1 8 1
T o t a l iill p o r t s to!
___ S e p te m b e r 1 . . . 4 5 ,9 5 3 8 0 ,5 6 6 (6 1 ,:
* E s tim a te c l ; n o r e t u r n s r e c e iv e d ”

1894.

1895.

1
2
148
674
*25(i
367
7 ,2 7 5 3 ,0 0 5
*500
760
87s
759
354
264
413
26‘
241
275
5 ,4 2 9 1 5 ,2 3 3
56
9
1
4
32
6
13
4
7 ,7 0 8 17,55<

285
335
592
77
*100
225
4 ,3 7 9
7
1
8
3
2 ,8 7 7

2 3 ,2 9 9 3 9 ,1 8 1

8 ,9 8 2

33

Sea Island Crop and Consumption.
We have continued ihroughout the season of 1894-93 the
compilation of a weekly record of the Sea M ind crop, ar.d
every effort has been made to keep our readers well informed
as to the movement of this variety of cotton. As in 1893 94
the correctness of our methods in compiling the totals from
week to week is pretty well established by the results given
below, which practically agree wiih the figures published in
the Chronicle of August 21. It will be noticed that the ciop

Crop.
Season
Flori- C-eorda.
gia.
1894-95.
1893-94.
1832-93.
1891-92.
189U-91
18S9-HC
1888-89“
18S7-8S
1886-87
1885-86“
1884-851883-84
1882-831881-821880-811879-801878-791877-78
1876-77
1875-761874-751873-74.
1872-78
1871-72
1870-71
1869-70.
1808-69.
1867-68
IS00-67
1865-06.

I5.!7f
19,107
9,08ft
20. 02s
25.-20
25,11 <
26,90t
24,75;:
30.991
24,272
24,987
14,073
18,054
21,842
18,410
13,318
13,776
14,739
11,214
8,950
8,3 IS
3,825
10,764
5,024
8,753
9,948
6,703
10.402
11,212
2,428

5^.7 if
3 U,367
2-vi*24
27.10C
20,531
12.431
7,402
6.254
0.411
6,390
3,075
2,950
3,120
0,049
3.179
3,420
2,052
3,(508
1,0051
1.213
1,110
1,408
1,5209
1,507
4,934
9,225
0,371
0,290
10,015
10,957

Foreign Exports.

South TexUna.

See.

5,913
34
2 578
7,41b
11.442
10,207
9,299
9,532
8,504
7,735
7.010
12,863
8.415
15,715
29
10,042
19
8
14,845
9,900
7,133
2
6,448
30
29
4,911
4,750
77
7,400 204
8,759* 920
13,150 1,100
8,755 899
7,218 704
7,334
5,008
4,577
11,001
5,630

Total.

Brit'n

74.839
61.052
45,42:
59.171
68,1 »>
46,841
43,90:
39,571
45,137
37.072
40,925
25,444
30,924
38,552
36,442
20,704
22,963
24,825
17,823
14,09(1
17,027
19,912
20,289
16,845
21,609
26.507
18,682
21,275
32,228
19,015

35,091
32.04'.
2",047
24,915
34,29:
25,934
21,245
is , 005
25,210
14,748
18,422
12,106
21,505
22.303
20.259
13,729
10,450
12,594
11,865
11.591
13,139
16,980
22,84?
14,991
19,844
22,770
15,388
19,707
30,314
18,036

nent. exports
J
5,05' 40.741
4,63* 37.33f
1,901 *2,548
2.05E 27.50S
4,823 39,110
2,294 28,278
1,800 23,045
1,915 20,58
1,435 20,051
1,680 10,423,143 21,50;
1,413 13,57!
1,892 23,45
2,453 24,75'
4,130 24,39,
3,294 17,023
2,212 12,698
3.701 16,295
1,369 13,234
1,345! 12,930
1,9071 15,040
1,887 1 18,873
022 23,409
593 15,584
01 19 .00;
1 9 0 24,7 V
1,851 17,23'
152 19,851
392 30.701
145 18,23

f t
3
la
-So
°
34.9 1 405
24.345 1,288
22.911 1,914
32,«.9:' 1,951
20.651 2,441
19,142
90
20,336 669
19,085 147
20,51 Ci 841
19,9.89 2,871
17,905 1,610
11,674 215
13,573
24
14,702 130
11,270 1,090
9,389 319
27
10,365
9,451 127
4.063 1,043
1,915 527
2,192 382
2,113 593
1,523 1,007
1,520 370
1,673 635
1,399 003
1,398 21
1,670 1 5i
1,597 410
1,100 485

T o ta l. 464.287 297,18. 200,880 4,055 1,' 20.713 !IV-».47-t 03.H7.T 305,85 301,255
* T h e c o lu m n o f “ A m e r i c a n C o n s u m p ti o n ” i n th i s t a b l e I n o l u d e s b u r u
jn t h e U n ite d S ta t e s .

THE CHRONICLE.

S eptember 7, IS93.J
T e a r e n d i n g S e p t.

Towns.

1,1895.

I R e c e ip ts. : S h i p m ' t s . S t o c k -

Clearings by 1 eiegraph.—Sales ot Stocks, Bonds, &c.—
Stock Exchange tllearing-Ho ise Transamions. —The sub­
[ R e c e ip ts . S h ip m 'ts . S to a t. joined statement, covering the clearings for the current week,
usually appears on the first page of the Chronicle, but
20,AM 2 0 ,6 2 2
7 li
131.323
1 -2 ,5 6 4
9 3 4 on account of the length of the other tables is crowded out
6 1 .9 tS 1,081 once a month. The figures are received by telegraph from
3 4 ,2 1 3
3 4 ,7 ..4
161 the leading cities. I t will he observed that as compared with
75. >-9
7 1 .7 2 a
69
36 ,7 0 9
3 6 ,4 7 3 1,401 the corresponding week of 1894 there is an increase in the ag­
8 b ,-40
f-6. 10
60« gregate of 17 6 per cent. So far as the individual cities are
127, 2i' 8: 12,8,155 156 concerned New York exhibits an increase of 30-5 per cent,
134,137 107.807 2,802
6 4 ,3 8 3 1.694 and the gains Ac other ooinrs are: Biston 16‘4 per cant. St.
65, U
60.253 ' 6 4 ,-8 3 1,2:1 Louis S>‘8 per cent, Pailadelphia 7-1 per cent, Bald nore 9 per
59,045 6 0 .3 .3 422 cent and New Orleans 38‘6 per cent. Chicago records a de­
7 ,0 6 1
7 ,8 1 7
4 17
70.3 2 1.510 crease of 2 2 per cent.
7B ,m i
25,3U 25.40.3 269
T e a r e n d i n g S e p t.

1,1891

Eufaula, Ala. ..
M'tssocuriy, Ala
Boltua, Ala.......
Hal<-u», Ark__
Little B».k, Ar»
Albany. Ga ....
Albers, Ga.....
Atlanta, Ga---Augusta, Ga....
Columbus, Ga..
Macon, Ga.......
Home, Ga........
Ldutovillc, Kv
Shreveport, L*
CMuoibust, Mias.
29,129 29 .5 7 7
Greenville, Mms
33
36,001
36 075
Meridian, Mi-»
215
36,625 3 8 .4 5 6 7 33
Harebas, Wi—.,
52. 11- 5 ..822 1,645
Vwk'burnr. Site
4 8,0 ;8
5 0 ,“ 9o i . m
YazooCityAiiss
6 2 1 ,3 3 5 6 2 3 ,4 6 6 17,872
St. Lou:.**, Mo
20,-35 2 0 ,9 1 1
Charlotte, .V. C,
23
3<i,490 3 ".0 « fi 4 10
Kalebtu, -V. C
247.0 .3 2.40.79 > 3,001
CineJanati. 0.
24.279 2 4 ,2 7 9
Gteetiwooil 8.C.
50
18.000 18,' • 3
Now a-rry, 8 C.
4 3 8 .1 9 1 4 9 i .00 ’ 4 ,6 0 3
Memphis. Teno.:
37.337 3 7 .H n 714
Nsahvilkr.Tenn.j
54.093 51.671 4.372
Bfeabam, Tex..
41.052
4 1 .0 2 8
Jiallais, Texas...
11
, 106.1911l, .101/ 20 8.313
Houston. TexTotal. 31 towns. >,*40.435'5,*6S«?l> 89,7* 0 3.te0,«2t 3.-72 91S 7.3 5
* Receipt* and shipment# are net ttgur«* i s uotli „>i

f »rmml

fewt*

L .

teifem. i

■ nah.

f t0&-MM « m jm

mmmw - . 1
M* ca* m l iT.itA »,'«*#■
tmvm-.,. „.A
SmmMt -«J
l$mi
ft *. *#ki;

As»■§*$*« ■

IfcA'WfeMB.i
AmmmvP
<Qh****t
twpemk*® J
€n
. *.1

a ^,47. i i j i i ' it? ^

;M

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i *im

t.m t
■ * .im

fta-rtrts#.... ,

M«*.
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Mw*m. ,« Iftsr#
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4,Iff:
; m m *-

ftfiw

w g tm
l.WtO

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mmt

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i ......
■m x H

W- tmf&wm#>« A m m

*»***•'

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......4

:

y-'-p .

m m .M \ i

ijm

$ .jm

1

uN*

m i t sm

0
7 .« n
iA 7

■
$

1

mm-

i -ii »i I*
-

4.ISW' !*.<»
§C‘#' 17.0..
W ?i
i
Mw

IM *\

$,m*
IA #

M*jt m

St* l»

"m M

ii,m

u

ua

OraMi &wjMt IM9.Ii«

ifeMwev Am ,

m►
tiM m bntg,

b%imr

Mfbiie
t «u m
to KfJY4<,

Swim.

t InetePo from Port S>r*i Ut Lit •»».■>,1. i®,#4} bate* tn Man* >■«*•< r. s,

te t e t to t t HTX W.)>1 bilvc l« Br<in:a. 4,100 bales, and to lUmburg.
t t w s t e t e t n m West- P a in t to U v w e o a t , TStJl? t m « : to Brenum, » X 0ts baler,

*nd b> flbent. 0.t."5 (Hire, from S ts p o s

Sew t

u> tuvenreoi,

bales.

**o th e r P o rts" Inolnae: Prom M orvleto I4Terp*iol. V2.I73 boles; to Hrvmon
delea, 464 »►Stexie >. I f p l s twins. From- Pensaoola v> OPQfttivSii bales.
fr-OT K.ntmi to la v e rs o s t, t M . U e halos end to M allfax, V aratoath. *■■. *,713
b e /'- Prom Baltim ore to t,lT«rpj«L » , 7 !»le<; p> LMMfarn,
bales: to

Leith. !/»»• betel to lia r re. 7.144 boles: to Bremen. Itl.-H boles: to Hemhare. -.!r7 > r*i—. lo It,••ter-tsm.
boles: to Antwerp. 11.031 bales. Prom
PtiiisdelpM * to U venm ol. -■. t -6 bale*: «■> Loodoa. t.flSW 60 so; to Glasgow,
1.PW t.eioo, e n d to Antwerp, *.7w» MPeo. Pr-i n so p > •■»,■ ;so» to [ / t t :....-.’, too
boles, and to J » p m . i/.'i-to bales. P r » « P o rtlan d , M ains, to Liverpool, *,«W

bale-, rrom Pnsst 9onn4 to 1 nan synt boles.

« Ihelw tio* rail shipm ent* via 0*tf<> t Tort B a m .

tt- ... 9 » ,n m

bales.

b y le lty m p h .

1895.

7.

1894.

Per

V e n t.

Sew T o r k ..................................
Soston —
.....a ......
PlUIadetpMa....... .
......
S a n im o re ..................................
7tno»*o.......... ............................
tt- L o a n .............. .....................
New O rle a n s. .................

5440,826,447
83,834,447
59.094,062
10,648,319
71,436,275
19,787,302
5,617.934

$337,718,664
53,814,433
55.154.873
0,788,120
73.036.380
17,997,408
4.054,047

+30-5
+16-4
+ 7-1
+ 00
- 29
*t- 9 ‘8
+38-6

Seven c itie s, 5 d a y s . . . . . .
> th ercities, 5 d e y e .... . . . . . . .

5670.054 826
127,327,419

$551,543,924
117,562.398

+21-6
+ 8'3

T o tal a ll citio*. 5 ila y s —
<ll c u t e . 1 d a y ........................

$797,352,245
155.f07.se t

*609,100,322
141,684,920

t-19'2
+100

Tot*! *11 eittee for week

$953,259*500

$810,791,212

+17-6

Another table, our usual monthly detailed statement of
-.ran-taction* on the various New York Exchanges, has also
been crowded off of the first page. The results for the eight
months of the current year are. however, given below and for
aur poses of comp in-on the figures for the corresponding
oeriud of 1S94 are also presented.
M onths, i m .
J e e e rip U m

P a r V itim

«r

}

A c tu a l
V a im .

4%
79A
$am *ieal | 2411161
till. tk»n4**. •S--8 H&l) 4m r i f C i t s M l
m A
#or * t b o n d *
m .7 i Ib l
#o
- U # M m d tn
t i V*v.«4A>j | l b i t Ifti
*304*
m m - k*
M m M
“ **
T o te i..... H i i >4 19ft1 i,4S8SlS: i m
iMO m w m , t m
O x to n ., b U , t *
M b
t W M #*- m i

Cot*l

.......

r.tpht
A

rer'sMf
l* r ic t.

Far

Yakut
; &r Q u a n tity

M.mliu, U H .
A c tu a l
Value.

S2.S10JO5

-2008U878A 02*2
»|rtS«X>,127 72 5
p ,m \4 0 i>
$S*.!85«3 'a l l
1746,481 17**8
1 3180.487.256 t j n m & m 03*5
10,648*00
184*47
•3784
m l ^ e . 1,074.^6.416
fki^e.
tft*
$
m t\
50-0 !
f^-4
415-0
Atf-S ’j
lfSft'8 f

§ t,7 W

■ e-M

V

I texm* W4Ma

m

MA4-i
**jsm

7,1*

tj# ;
#*#l
......i
.........
.......•• t„E.y ...... .... •

St. N lV < .

fcn&im
YmiivM ■
*fnm m„.
V-itmm

T o ta l

^,*4
i i .&
ftyWH: 1.0.
M vr

*7,*V4 s.V’fiii.-

Hrnwml......

4

4*#||

mmr
PmU

*J**\

141•ml

. l

& 0l

ISM M

mi

*>*!

IM .

ftitM

m jn *

i##ilWMwg)
. r-:
E‘

V*emsme>.

*

(MAmr-afemra- Cb>*r~
IJ &

W e e k E n d in g S e p te m b e r

CL* ARINGS,
R e tu r n s

'£ v

S tioai mis in this »t ueme tt iacla le am oaa a taken from
invert»r towi» for S o n ic im u m p ti >n *3 1 amoa-its b u rn t.
In the following we present a statement of the year’s ex­
ports from each port, showing the direction which the-e
shipments h ire taken, Sunil »r utatem-ml* here t«;-n given
in all previous reviews, and a comparison m to the extent of
the total movement to each port can b i made with back
years. Contrasting the current returns w ist those for tar j
season, we fl-iJ that there has been an increase in the exports
to almost all ports.
• * -

407

^ lo u c ta rij!< C o m m c v c ia ljE ;n g U s li^ c u iB
(F rom o o r ow n o o r re sp o n d ee M ?

London, S aturday, Aug. 2b 1895*
After the etoeptiooal activity in the m mey inxrket last week
rales lire « » « more falling away ami are likely to f all further
for MUM time. Maialy this is c i i> -I by the large receipts of
old, more than a million sterling having b e n sent into the
B»nk of England during the week e .d-d \Yedn eday night.
But though rat « are again d-clin n,g. the a 'camalation of
sarplo- >-i -i’ ll is being grad ia'lv work -d off. List month's
Board of Trade return vri* rind mbvdly enc mraging, showing
th it at last there is t-ry gen-ml IcaprovemsD- in trade, Th e
railway traffic returns are aim v ry sai i-f-ctory, and the adv»n>> in prices that h s taken place is being maintained;
while new comp irii-s of all kinds, though chiefly South African
and Western Australia, are being launch d in extraordinary
numb-rs. All thi most tell mfter awhile.
Tiie silver market i- very quiet. There is no demand for
India, China or Japan. y< t there haw not been ns much fall
ai wa# e*pected. and the India Council o o tin u s to sell its
drafts exceedingly well. Oa Wednesday it off red for tender
59 lakhs. The applications were for somewhat over five times
a- much, and the whole amount was disposed of at Is. l^ d .
per rupee.
The holiday season is at l ist beginning to tell upon the
stock markets, business having been undoubtedly quieter this
week than for a long time pint. Political uneasiness does
not seem as yet to have much affected markets, In political
circles, however, there is a good deal of apprehension, The
Sultan appears to be unmanageable. He is resisting the
pressure brought to bear upon him by this country; France
aud Russia. It is said that Lord Salisbury would go niush
further than either Francs and Russia, and it is behaved that
the unwillingness of France or Russia to act energaticilly is
b ing taken advantage of by the Sultan, The disturbances in

Macedonia have not Tet been put down, and the rela'ious be­
tween Turkey and Bulgaria are growing strained. Every one
believes that peace will b ■ m untamed because no Governi merit is willing to fac : the risks of war. B it at th j Foreign

THE CHRONICLE.

408

rvoL.

l s i.

The follow ing show s th e im ports of cereal produce in to th e
Office and in all the C hanceliries all over th e C o n tin en t th ere
United K ingdom d u rin g th e first fifty-one weeks of th e season
are grave fears th a t circum stances m ay occur to excite alarm com pared w ith previous seasons :
before the y ear is out.
im p o r t s .
The action of France on th e U pper Nile and on th e Niger is
1894-5
1893-4
1892-3
1891-2.
MUllUIUJUl
WUUSb.OWt.1
1.S/S.1HU
O U ' , , '
likewise a cause of disquiet, and the condition of things in S in n
Barley............................ 25,003,914 30,919,033 17.537,508 16.2911,289
and in the F a r E ast generally is fa r from satisfactory. As Oats................................ 15,357.917 14,048,322 14.192,444 14.970,942
........
2,302,159
2.254,608 2,200,999 2.715.127
y et, however, the city takes little note of these disquieting c ir­ Peas
3.901,157
4.109,864
Beans............................. 4.275,162 5,203,039
cumstances. It believes th a t peace w ill not be d istu rb e d and Indian corn.................. 26.258,481 37,123.475 33,041,015 30,121,065
F lo u r ..................
18.866,350 18.906,256 2,7,482,926 19,571,037
th e belief is shared by th e business c o m m u n ity in Paris, Berlin
Supplies available for consum ption (exclusive of stocks o n
and V ienna. Consequently, in tern atio n al securities are fairly Septem ber 1):
1894-5.
1893-4
1892-3
1891-2
firm, though there is difficulty in m aintaining th e prices of both
Wheat Im ported.owt.77,373,646 67.157,206 66.086.265 68,539,436
Spanish and Italian bonds. Spain is spending fa r more thaD Imports o( flo u r ....... 18,866 350 18.906,253 20,4-12,926 19,571,037
she can afford iu Cuba, and it is difficult to see how she can p ry Sales of hom e-grown.20,887,721 20,198,911 25,797,931 31,456,348
h er w ay unless she is able to borrow in P aris. T here is not the
Total..................... 117,027 719 106,262,373 112,367,122119.5 16.821
1894-5.
1893-4.
1892-3.
1891-2.
least chance of a large Spanish loan being floated anyw here
Aver, price wheat weelc.24s. 6d
24s. 5d.
26s. 5d.
29s. 7d,
else, certainly not in London. B ut pos ibly th e Paris Average price, season ..2 la. 3d.. 25s. od.
269. 8d.
33s. 5d,
bankers may ultim ately come to th e relief of th e Spanish
The follow ing show s th e quan tities of w h eat, flour aDd
T reasury.
The Italian crisis is n o t so acute as it was, maize afloat to th e U nited K ingdom :
week. Last week
1894
•'-93.
b u t the bank failure in Genoa h as undoubtedly caused serious Wheat................... qrs. Th.it
2,674,000 2,767,000
2,399,000
2,718,000
Flour,
equal
to
qrs.
157,090
150,000
252,000
347,OoO
losses in several directions and so has weakened th e m arket for
Maize.....................qrs
767.000
747.000
327,000
449,000
Italian rentes.
E n g l i s h F i n a n c i a l t a r g e t * - P e r Cal>l«.
In the American departm ent th ere is not m uch doing. The
The daily closing quo tatio n s for securities. & c., a t L o n d o n
w ithdraw als of gold from the. T reasury have checked all busi­
are reported by cable as follows fo r th e w eek e n d in g Sept. 6 :
ness. Every one hopes th a t th e loan Syndicate w ill continue to
pay in g o ld ; but still th ere is an unw illingness to act until it is
Mon.
Tues. Wed.
T hurs. F ri.
Sat.
L ondon.
seen w hether merchandise exports from th e United States will in ­
307,6 30*3
30%
309, e 30916
x077l6 107716 107 3Q 107% 107716
crease sufficiently next m onth to stop th e gold shipm ents and turn Consols, new, 23* p. ots. 108
1077
0 1073%
107x
107*2
1078.
For account................
th e exchange in favor of New York. Even investm ent in good Fr’oh
rentes (in Paris)fr. 102*26 10225 L02 15 102 20 02*02-43 102 00
2o78
21%
224i
22 %
2238
bonds is not so large as it was. Of course it is to be recollected Atch. Top. <fe S. F e ......... 2n%
57%
58 5a
57
68 4)
I’anadian Pacino............ 56%
•‘ 8*9
th a t holiday-m aking is in fu ll swing and th a t na* orally, there­
2
42
22%
22
%
22%
22%
77*78
79*8
79%
79%
"'9
78%
Chic.
Milw.
&
8t.
P
a
u
l..
fore, invesfment business has fallen off. In th e share m arket Illinois C entral.............
106ia 106% l<>7% 108*2 108*2 108%
155
155
155
155
th ere is hardly an y th in g doing.
Lake Shore ..................... 155
6’65g
66%
67
66 4*
661s
The activity in the m ining m ark et is less w ild th a n it was, Louisville & N ashville-. 65%
70%
71%
71 %
70
71%
lg%
19
19*8
19ia
19
though it is rem arkable still, considering th e tim e of year.
N. Y. Central <fe Hudson 106*4 106*8 106bj 106% 106% 1J6
T h at prices generally have been rushed too high is the opinion N. Y. Lake Erie & West. 9%
930
930
9%
9%
9%
80%
80
consols...................... 76
76
78*9
80**
of all w ell-inform ed persons, an d several bankers are show ing N 2d
l-%
Y. Ont. & W estern... 1 8 4
19%
181*
18%.
1578
16*4
157g
16
an unw illingness ju s t now to lend upon m ining shares. T h at Norfolk & West’n, p ref. 15%
20
19^
1878
Northern Pacific, p ref.. 19
2044
th e m ining in d u stry iu South A frica is genuine, th a t the field P ennsylvania.................. 5 6 4
5*3g
563s
57
57 7„
56*4
1038
10*4
10%
11%
'■0%
is th e richest in the w orld, is n o t disputed. B u t it is held al­ Phil. & Read., per share 9 7s
1*38
1443
14%
14:%
14*4
4344 43*4
m ost universally here th a t prices are too high, an d th a t th ere­
43
43
4234
16 34
153*
16%
1678
15%
fore ultim ately there m ust be a set-back. T here is some Wabash, p r e f................... 253s
257g
26%
2* %
26>«
apprehension therefore th a t a t th e settlem en t w hich be
gins on Monday th ere m ay be a very general refusal
on th e p a rt of bankers to lend as m uch as they have
I m po r t s a n d E x p o r t s f o r t h e W e e k . — The follow ing a re
h itherto done in th e m in in g m arket. Consequently
realizing has been going on upon a considerable scale for the im ports a t N ew Y ork for th e w eek e n d in g fo r d ry goods
A ugust 39 an d for th e week ending for gen eral m erch an d ise
some days past and prices have somewhat declined. The de­ A ugust 30; also totals since th e b eg ian iu g of th e first w eek in
cline, how ever, is slig h t com pared w ith th e extraordinary Ja n u a ry .
FOREIGN IMPORTS AT N EW YORK.
rise of th e past m onth. I f money is plentiful and rates are
fairly easy a t the settlem ent, no doubt speculation w ill be­
F or Week.
1895.
1892.
1893.
1894.
g in again. B u t if money proves to be as scarce as m any now
fear, it will not surprise th e well-informed to see a very Dry Goods....... $2,740,763 $2,202,028 $2,021,947 $2,958,301
5,658,622
Gen’l mer’dise.
5,347,517
5,635,479
6,445,811
sharp fall in the mining departm ent.
Still the floating of new companies goes on unchecked. Usu­
Total..........
$8,399,385
$7,549,545
$9,404,112
$7,707,426
ally new issues cease a t the end of Ju ly or very soon a fte r, but
Since J a n . 1.
this m onth th ey have continued iu th e most unparalleled way, Dry Goods....... $86,128,200 $96,081,138 *56,965,304 6101,094,831
Gen’l
mer’dise. 298,442,930 315,561,753 235,771,222 249,671,917
and in many cases th ey have been rushed to extraordinary p re ­
miums. For instance, B ernato’s Bank was b ro u g h t out only a Total 35 weeks $384,571,130 15411,642,891 $292,736,526 $350,766,748
week or two since, the shares being of th e nomiual value of £ l.
The im ports of d ry goods for one week la te r w ill be fo u n d
W ithin a w eek th e quo tatio n w as ru n up to £4
Mr.
Bernato has ju s t retu rn ed from South Africa and it is reported in o ur rep o rt of th e d ry goods trade.
The follow ing is a state m e n t of the ex p o rts (exclusive of
th a t he is very m uch displeased at this wild speculation. He
threatens to stop the completion of th e issue, as he asks, with specie) from th e p o rt of New Y ork to foreig n p ir ts for th e
some force, how it is possiole to make profits th a t w ould ju stify week e n d in g Septem ber 3 and fro m J a n u a ry 1 to d a te :
a prem ium of 300 per’eent?
EXPORTS FROM NEW YORK FO R TH E W EEK.
Iu the other departm ents of th e Stock Exchange likewise
1892.
|
1893.
1894.
|
1895.
business has eased off. All th e first-elasssecurities, like consols,
are exceedingly high; b at in the B ritish railw ay m ark et and in For the w eek..
*4,979,102' $6,884,592
$5,499,543
$6,412,153
the colonial and miscellaneous departm ents th ere is a slight de­ Prev. reported. 260,298,364 241,091,359 242,280,088 220,961,379
cline in prices. G enerally th e Stock Exchange bears evidence
Total 35 weeks. *265,277,466 $247,885,951 $248,692,241 $226,460,922
to the absence of th e more active operators from th e city.
The following re tu rn snow s th e position of th e Bank of
The follow ing tab le show s th e exports a n d im p o rts of specie
E ngland, the B ank ra te of discount, th e price of consols, &c. a t th e po rt of N ew Y ork fo r th e w eek en d in g A u g u st 3L a n d
com pared w ith the last th ree years;
since Ja n u a ry 1, 1895, an d for th e corresponding periods in
185)5.
1894
1893.
1892.
1894 an d 1893 :
A uq. 21.

©cmmercial and JUiscelXanemts IT crus

A u g .'22

Slrculation............................ 26,457,030
Public deposits....................... . 7,113,531
Other deposits......................... 44,731.131
Bovemruent securities............ 14,795.425
3ther securities..................
Reserve of notes and coin........ 30,761,711
Coin & bullion, both departm’ts 40,421,741
Prop, reserve to liabilities, .p. c. 59 3-10.
Bank. rate...................per cent.
2
Consols, 2% per cent................. 107 9-16
Silver........................................ 30^,i.
Clearing-House returns.......... . 152,166,000
* August 23.

t A ugust 24.

A uq.

23.

Auq.

24.

EXPORTS AND IMPORTS OP 8PEOIB AT NEW YORK

25,455,050 26,252,775 26,134,483
5,940.724 4,362,905
3,793,808
38.643.918 28.843,501 31,730,645
1
Week.
| Since J a n . 1.
12.145,082 12,414,595 11,209.394
19,612,847 23,993,423 24,526.431 Great B ritain............ $4,500,200 $24,972,168
154,uOO 13,424,073
30,942,362 15,016,662 17,921,300 France..........................
5,000
5,810,086
39,597,412 24,818.437 27,605,780 Germany.....................
West
Indies................
1
1,500
7,533,146
45
50
2
5+
2
8outh America...........
11,800
966,854
102 1-16
97«
All other countries..
97 3-10
......... - |
261,483
29 13-lOd/
34«d.
38 1-ied.
Total 1 8 9 5 ..........
$4,672,500*52,967,815
109,378,000 113,910.000 99,970,000
Total 1894...........
493,000 84,215,296
Total 18P3 .........

10,350 68,746,247

Week.

Since J a n . 1

$ ............ $15,741,724
4,603,988
1,527,191
583,911
171,200
56
45,905
8,910
352, *57
66,230
*180,166 $22,921,206
1,114,411 13,769,759
7,426.438 51,675 379

THE CHRONICLE

Sr pm m bib 7, 1895-1

Imports.

Export*.

Sliver

IS in c e J a n . 1 ,

W eek.

Sreat B ritain ...........
Prance .................. ..
Oertaanj- ...

W e s t t o d ie s ,

Mexico..................
South America....... .
A U o t h e r c o u n t r ie s ..

Total 1895..........
Total 1194..........
Total IS !« ..........

S in c e J a n .

*55,572
3.451
0.168
260.141
365,583

* 9 1 2 ,0 9 9 * 2 3 ,9 2 0 .6 8 9

8,103

J

16,112

113,115
3'W>!
095,292

577,311
18,136

20,594

JV O .1‘19 *21,102,631

66 MOO 23,379,179
732.1' 0 2 I.oi3.291

1.

*11.995 *1,236,6*5
3,881 1.111,863
8,711 2,136,838

HrcatUtulI. Elgare# B ro n jS t Prom Page 137.- t h e
statements below are prepared by m from the figures of the
New York Product- Exchange. We first give the receipts it
Western lake and river ports, arranged so as to present tie
o unparative movement for the week ending Aug. 31, 1895,
and since August 1, for each of the last three rears;
iMt*. | Mfsrlty
ffsvai.
0sTtliu.
8:41.1.0,
Dwyi4i&* BuMhJMlbe BushA3 U bum a ,
rteai sm.t ib k im jm 1,705,600; 1OC150 43.080
Oktewo......
Irtiogo! 18^,100 30,800
* i.m
ZH.ivo
•i
t9 jm
m.<m
......
3 start.
l,«7S.
IOA7S
l a«0*.«50
8,230
* n»*»wia
2,4’>0
m,7m
14.880
3,000
<tiadq...
m«oo
IM t
2>0 tm.wi
10,473
a,*.-.
.
.
tavaUaa.
m jm
21,013,
1.381
mi
%?$W
U5;
•t. ianmm.
15,190 381J78 ts m n
2.786
367,(160.
1.100
3.695
2I.OOO im w
2,400
••.jrhu,.
X*mm C%%¥
#,705
81.107
L
® ,P l 1.113.45* •i 944,on W A tar »a,i*4 01,416
■ %m* wiulMi.
m jm
7.1,1m
tjn u m s
m ,m t .w m
Mt2M
320,011 S,923J»1 3.HS0.61# A337.S36
B M*
m jm

a*e<4pitot—

«*v* -iw. 1
um-m. ..

409

—Messrs. Samuel G. Studley and Edward C Lamed have
formed a c.ipartnersh p under the name of Studley & Larned for
the trausaetingof a general banking andcomnrssion bariaessat
No. S Exchange Place, Boaton. The new firm have a direct pri­
vate wire to Redrnmd, Iv-rr & Co., in New York, and brides
dealing in commercial paper, collateral loans and securities on
the New York and Boston Stock Exchanges, will make a speci­
alty of high-grade bonds aad stocks,
—Attention is called to the list of municipal bonds adver­
tised in the Chroxiole by Messrs. E. 0, Stanwooi & Co.,
Boston. This is a new Boston house, its senior member being
formerly of the firm of Gay & Stamvood. The business of
the house w ill be in municipal and railroad bonds.
— Messrs. R .L Day <ft Co., 40 Water Street. Boston, mem­
bers of the New York and Boston Stock Exchanges, have
opened a New York office at 7 Nassau Street, Investment
bonds of the highest grade are dealt in by this firm, Boston
securities being made a specialty.
—The Columbus Hocking Coal & Iron Co. bondholders
com mi'tee announce that deposits of nearly a majority of the
bonds have been made with the Central tru st Co. Prompt
deposits are urged.
—Co'umbus. Ohio, 5 per cent bonds are offered to the
amonnt of <200,000 by Messrs. W, J. Hayes & Sons, Cleve­
land and Boston; see particulars in advertisement.
—Messrs Clark, Dodge & Co. announce in another cola m
tk*t they will buy and sell stock and bind rights of the
New York New Haven & Hartford RE. Co.
—Mr. F. J, LGman, of 10 Wall Street, advertises in another
column a number of inactive railway securities in which he
is desirous of trading.
City Railroad S ecurities—Brokers’ Quotations.

531.7-M 385.7S[ju a . j
Bn!. Ask
241,001
At*,
At*.. B’Xlyn
B'
IColttmtHW A Otjj A vo. 5*. US
4*6«m Atlaa.
.AAO. 107
U.O.JK.B. * B»fy-8rt. 107, \ p
con, '
IS
u t, stole, s a i» 3a .jA D
The receipts of flour and grain at the seaboard ports for tl e B i^L siY W i'i4. s'V 15
05
Klftstf Ar«no»Dstdck!" * I T 335
week ended Aug. 31, 188Y follow:
u tm o rp .tA tM 0 .3 A J 1110
95
i Sartp,8<, ,9U .......... 103
• A T H iA * * . -H toc*.- |M
®Wl0 1
WUmtt
(Hi JOS 424* Or. SU For.-stock aw
bw'K.
HecUpte at—
106 ua ; 42tt » 1.A M*n.ABt.S.Ar. 54 I f
•lew Tnrt.......
L iao
4IA
*0f#
lot W tU U , IBtO.MAs
& 5H
m sm
*0«t«e.^ *0
lAii
TM*»
IMS !<•«>» 34 morUttwioe 8*.JAJ III53*
n,tM
M & tarm i. . . . . . .
#,734
mm§ 1*7
Conwl S», UH3...JAO 115 115** Ixmjt I kIao.I Travtloa__ 14
ffc*
PbUMtoB'btak.*.
*wn
ranuni cttt-euwfe... 173 170 Lex . A r t i F i r , Fertr 5*. 111 111*4
m m i tm.mt 1«M*4 ja*M
ikiifi
cobmI. &*,t04i...r*j nr. 116 M«T.ip.,ntj.i. TrarUon... 10*1 102%
h%m Bkln.OM*t'a
ItJMRI
mm*
Sloth Aromiv—Stock... 15*1 .....
ta.l9QS 105
*(•* Ori«*n*...,
mm*
ijm
w
B«J5xi0'B*0o.A»i>6.1*t t i i a id s’ ftevoml A v cn u o -e t«k .- 156»* ICO
8klyn.C.ArrwX'ira—
«*
too
J*t snort., 5* ,i« » .M A '
TOW '
6,734
i7,m
hm #
t . 16 <9...... .................. jl 10
Orhontme 5i.100ii.JAJ J IS!
w*N»* tm* .....
*mjam HMWwa
x m Bioiklyn
A ra m
Tmeuou.......
is
M ills Avenue--Stock.,.. 210
Tlstro Avenins—S to c k ... IPS
The total receipt* a t ports named in last table tram Jan ! f l* W »4 __ _____ ' 'M
Oontrni i.'ra«t«»-c --.s.. !-*. M " Isttnort., »A 1937.JA J
II*
to Aug. 31 compare as follow* for four years:
l*t M 1W1... MAX SU-s
Tvrenry.'nitnl
1__SCk. 3
“ l 8
8»—8t‘k.
IMS.
»#**
10&
COE.PX s3kE.Rlv.~fSt* 102 195
Deb. !«. 190
3.........
...
mm,.
1
.
1
liSML
am*
Consol. T«, iW S ,,.M O |iU %
cock.......... 1
■a+fcfete. 1%U%7M
VBlots tty—Block
145
1st 5», ft*42............... .
o l H w y t * i out
150
S
ll
.bm h, ft^t.710
m m m\
m ©#*.702
76,6**,$19 1« a>ort.!.W‘« A .to 100
Wastohevt’r.• tuijK
»tjt».,5«.
Cv tlxoo 02
Z^jrtO A
o * u ...
tl 7 ^ % ^
m * m rm
3U21.716 i AnA necrtiiKi interval.
a,...... SJB64.M
u m jm
Ga* Seenrltie*—Brokers’ Quotations.
t m .m
^ 1 8
*f#amtu*,
m jm jm
I07,U*,«I
8*9 OOHFASIKB
B!4.
GAS COMPANIES.
Bid. Ask.
The exports from the several seaboard port' for the week Brooklp <3«* U x l.l....... . 13014
!j
cB rooklyn ).
•oding Aug, 81, 1895, are shown in the annexed statemeni
150 ISO
■>:::. no 175
li'.r**? City. 91
££££& rS fc
fto»r,
m u.
W
fcMta Com.
PfM* Oaaaaiasw’
W'lUiAtnsbar* ...................310
k*|
B»o8*.......
100 104 %
&sp®rt* fmm—
ZM,.
hmK
hmh. CIBawsCt
...... 75
106
tt)rt
rn^jm
mm*
X tu Jersey CityBrooklyn)
Fallon Municipal............ 180
A Hoboken , l.o
r . \S S & IJl.SJI MM#
xm
105
Hotel., 6*.......
KvUT.M>S!S»l -U.IKIJU..........106
Ptmima.,.,*,
v
*
t-*
*
*
f
,a™..
VMtmemtpM*,. .Z\ f 4.00# ’tEiwf
K-lttltable...... ............ 195 197
KaM aKN. V .................... 17o
...» fip,#t*« #4,^7 mam
» ~ » n B r o o k ly n ,. ----- SaO
....... S H
*‘tip...............
U»
7%0Si
a*s"
Norfolk......
90%
~ " i».................... [it ■
juwewt w*m
III? Ix n i
.......... -1C HIM**
r
r
r
,
.131,4*7 m tm
Oammm. ..........
in
09 Ss
t t ::
Gouml 5* ........
70%: % V Wiertrn 8»a................
.... «svm
n jm
MM#
t l
Uenrta, 6»..
...l.OBO.Ml Mtym m j% 7
i-'.**»s.».>; n jm < m
lA M w ®
-ijs&njml
kVHAMj I.5.1S1.1I- 1AM,.IW 11

t* x m

I

ss

MM 7

J A n d a ccru ed lu te m * l.

The visible supply of grain, comprising the stocks in granary
Auction S a l^ .—Among other securities the following noB
•t the principal points of m m m m w M m a t lake and seaboard regularly dealt in at the Board, were recently sold at auction:
ports, Aug. 31, 181*5. was its follows:
By Me**rx, Adrian 11, Muller dt Son:
WhtU,
m*u%
Hy*.
; a•| jJ»«MW»(M—
ShareM,
I
Bondi,
bmk.
#<r* York.
7MM&
iyUlf&W
i *m»#
10Bank of America__ ____ 215% ; $ 10,010Old Domlu’ti 8t«son©# mStemt**
m jm
MJ<m
*btp 00- tl#, laOM. MAS. ..101%
hltmusi
msm
ssir#?#**....... .. .*\Mmjm
m ,rm
t7/m
£*« fttfftftt.
lanwNio,.. . ...
!
& u jm
mim>
M a n tlin g
and
2 * ln a n c ta l.
S*0 «6*s®t?,
mimmtow........ Z m i$m
’a m
'a m
„ ©# *##«*i
MttUi ....... ! ijwjxio
m ‘0 6 6
am
ft» *#»# *.....
l/ijoixo
~
1,14*000
'W m
m m
_
*
*
>
mm.
.
BA N K ERS,
WtetMbi«,
MMW
*K m
*'m3m
47 & 2 9 P I N K H T K K K T ,
SBW VOIt K.
m

Spencer Trask & Co.,

ig&m

*»;/!«&
UMtfK

sawaniK...... .

ifcM
SK
•*
.•O#
M
**!$$»

83 Slate. Streel, Albany.

im /m
&k*-m
m»o*m
im /m
m m
HMm
tj m
iW*w
m jm

i* k***«*~........ ,, |//M v*>
m m
Jo eon*} himrfv«r,. 7J&»30
m jm
Tnt*j A*** 9S*13»$.g&*tn w> H i n w
Aac.
*vL » } -v, fi ,.va> a ia c w r § f z
. . J ?*4
8:>t, -J. t*m.MHH /*j# M
«ts®99
Toi^l' Save, f tm *Uttfl,600 f,4?t
exm 6.0«S®.000

IN V E S T M E N T

'a w

S amuel

'T*m
am

.1000

mmo

D.

SECU RITIES.

D a v is

mt.ww
m .m

C o .,

NO. 10 WALL ST., SEW VOKK.
Chas. B. V an Nostrand,

it,mo Hakuki, D. Datis.

0*0UO* IUHCI.AV XllfTAT.

§0 »m

&

B A N K E R S,

M
0

X.1

9f

o

f

f

AUEXASriBH M. WBITk. J«

a

t

&

W

h

i t

e

,

BANKERS,
SO

P I S E

S T R E E T

in v e s t m e n t

NE W
s e c u r it ie s .

V O It K

THE CHRONICLE

410

United Slates lion (Is.—Sales of Government bonds at theBoard include *15,000 4s c o u p . 1907, at V 2\4 to 112%\ *43,000
4s (Aoup., 1925, at 123)^ and §3,000 5s coup, at 115% to 116^
Following are closing quotations:

IBanlicrs7 CSa^eitc.
IIIV IO E N O S .
Sam e o f Company.
l« n llr o a d » .

Atlunta * Otm lotte A trL ine...

Bruton & Albany (quar.)............
( aniileii & A tla n tic,p ief............
Cbic. A E. lu ll Ola. 1 ref (qua*.)

Per
V m t.
3
2
2*2
Ik.
I ll
2
1
3H*

W hm
P ay ab le.
Sept.
Sept.
Sept.
Oct.
Oct.
Sept.
Sept.
Sept.

6
30
16
1
1
10
20
It

Booki closed.
(Days inclusive.)

M

Interest Aug.
Periods 31.

to
Sept. 8 to Sept. 3 0
Sept 1 5 to Oct. 1
Oct. 1
Sept. 9
Sept. 20
— -----

17 to
Clcv.CIn. Inc A St L 1 f dinar.)
A u g .31 to
U tile Mb nit anar. (quar ) -----S e p t .l l to
Mtxlcan Rottberu (quar.).........
- to
■RestJtreeJ common.................
>1 1m ellB n eo tia .
American Sugar Ref , • orn. (au.).
2 S ep t.1 4 to
Oct.
••
••
•• p f (quar.).
to
Sept. 30
3
Ch caco D ty By. (quar.)............
1% Oct.
1 e p t . t l to
Con m m in 1 Cable tqu.r )..........
A
ug.27
10
I
)
2
Sept.
Coi adulated Gne, N. Y (quar.).
3
Oct.
i ep t.21 to
Kotib Sluue Trac. (Boston l.pref.
* Payable In sot ip.
W A L L S T R E E T , F R ID A Y , S E P T 6, 1 8 9 5 .- 5

[VOL. L X I.

Oct.

2

Oct. 1
Sept. 15
Oct. 20

2s, ............... res.
4s, 1 9 0 7 ............. rea.
4s, 1907...........coup.
4 h, 1925....... . .rear.
4s, 1925.......... coup.
5s, 1904............. rec.
5s, 1904...........coup.
6s, our’o y /9 5 . .rek.
6s, our’eyJ’9 6 ...reg .
6s, au rV y/97. .te a .
6e, onr’ey ,’9 8 ...’'ev.
6s, onr’oy,’9 9 ...r e g .
4s, (Cher.)1896.reg.
4 s, (Cher.) 1897.reg.
4s, (Cher.)1898.ret:.
4e. (Cher.) 1899.reg.

Q.-Moh. * 96 ^
-Jan . * x ll %
Q -Jan *112%
Q.- Feb. *123 *
Q.- Feb. *123%
W.-Feb. *1(5%
Q.- Feb. *115%
). & J *100
I. & J n o w
r & j *104
I t- 1 *107*
j . & i * ’04 8.
March. *100%
March. *100%
March. n o o *
March. noo%

Sept.
2

g
3
o
a

Sept.
3.

Sept.
4.

Sept
5.

Sept.
6.

- 96% * 96 k) * 96% * 96%
nu% n n % * n m *111 %
n i2 «>* *n
112% *11258*1 23% *12314 *123% *123%
*123% 123% *123% 12..H
*115% *115% *115% n »5%
*115% *115% 115% 116
*100 *100 *100 *100
*101% *101% *101% *101 %
*104 *104 *I0i * 04
n«>7% *108% n«»7% *1U7%
*109% *109% *109% *109%
n-M.% noo%
no %
*100% n o %
noo%
*100% noo%
*100%
*10o% *10o%
*100%

* This is the price bid at the moruiog ooard, no sale was made.
U n ite d S ta te s S u b -T reasu ry . —‘The following table show
Tlie Money M a rk e t and F in a n c ia l S itu a tio n .—A n event receipts and payments at the Sub-Treasurv.
of the week much talked of in financial and railroad circles
B alances
was th-decision by Judge Jenkins in regard to the jurisdic­ Date. Receipts. P ay m en ts.
C oin.
Coin OerVs Ourrty.cy,
tion of the Wisconsin Court which appointed the receivers of
$
the Northern Pacific Railroad. This was regarded as favora­
1,083,672 91,457,564
Aug. 31
2 / 28,709 89 4-9.801
1,428,923
HOLIDAY.
ble to the officers of the company, u ho, it is well known, are Seji. 2
*8.39
,536
912,548 92.858,857
“
3
2.282.312
2,149,409
not in sympathy with the present receivers.
2,484,017 90.417,507
892,8 <6 93,*4 ,4 -0
"
4
5,570,899
The earnings of the Chicago Milwaukee & St. Paul Railroad
1,003,108 94,401.116
2,811.179
“ 5
2,439,422 1 0,158.356
851,847 9b,771,961
“ 6 3,847,893
3,311,602 88,536,003
for the fourth week in August are reported to have been heavier
than for a n y corresponding period in the history of the road.
Total 15,941,206 12,412,219
They' ceitanily are relatively very large and reflect the possi­
Coins.—Following are current quotations in gold for
bilities of the granger roads under this y ear's large crops.
The beliet seems to be gaining ground that a plan for re­ coins:
Fine silver bars.. — 67*40 — 67%
organizing Reading will soon he promulgated and that the Sovereigns..........$4 86 0 $ 4 90
Five francs.......... — 90 0 — 95
busintss of. mining and marketing anthracite coal will then N ap oleon s........... 3 85 0 3 90
Mexican dollars. — 53*4 0 — 54
X X Kei chin arks. 4 70 0 4 80
be put on a pay ing basis
I)o uncom’oial. -------0 ---------25 P esetas........... 4 75 0 4 *2
The conditions of the iron market continue to attract at­ Spi
Peruvian sols— — 49 0 — 52
Span. Doubloons. 15 50 0 1 5 75
English
sih e r ... 4 85 0 4 92
tention and are a prominent feature of the general situation. Mex. Doubloons.15 50 0 1 5 75
Some of the lar> tsl plants are running at their full capac­ Fine gold bars__ par 0*4 prem. U. 8. trade dollars — 55 0 — 75
Mate and Railroad bonds.—Sales of State bonds at the
ity day and night and are obliged to put a time limit on con­
Board include *40,500 Virginia fund, debt 2-3.-, of 1191 at 63%"
tracts.
Nt tv ithstanding a slightly better demand for currency to 64%; *17,000 Tenn. settlement 3s at 90 to 91, and §2,000
from interior points for crop-moving purposes, the supply of Alabama Class C at 100%.
Tlie martet for r ilrt ad bonds continued active and strong
money at tins itnter continues very laige and the market re­
ui til Thursday, when there was some reaction in the more
mains easy.
'Jhe open market rate for call loans during the week on speculative issues, in sympa by with the course of the stock
stock and bond collaterals has been 1 per cent. To-day’s rate mart et. Notwithstanding this, however, the closing prices
on i all was 1 per cent. Prime commercial paper is are generally higher thin those ot last week. The features
have been New York Lake Erie & Western 2d rects., which
quoted at 'i]/2 to 4hi per cent
, i.e b ait ol bi giano weekly statement on Thursday have made a furthei advance of over 3 points, which reflects
slowed an imitaee » , bullion of ±373.697,and the percentage the favor with v\Inch the reorganization plan is regarded.
o 'tter t u nal times v at 59'89 against 6 fr 12, last week; the Wisconsin Central 1 st trust rects. have been unusually active
discount rate remains unchanged at 2 per cent, The Bank of and sold at 64 on Wednesday, an advance of t early 7 points
France shows a d- crease of 6,210,000 francs in gold and within a week and of 20 points within six months. Louis­
ville New Albany & Chicago gen. mor g. 5s have gained
1,748,001 lranes in silver.
n t btw York i ny Clearing-House banks in their statement over 2 points on largely increased earnings, in sympathy with
of Ang. 31 sht w ed an increase in the reserve held of *1.932,100 the stock. Chic. & No Pac. trust rects. and Pitts. & Western,
aro a sit} its >ier the required reserve of £89 ,14 9 ,9 2 5 are each about 2 points higher than last week.
Cordage bonds have responded to the prospect of a speedy
atsii'M §37,566,675 the previous week.
reorganization of the company, and sold at 52% on Wtdnt-sday, against 47% on the same day of last week. The Read­
1895.
B i# e r e » ’y r o »
1894.
1893.
Any. 31.
1-rev. week.
ings have been most active on the list and are all from 1
Sept. 1.
Sept. 2.
to 2 points higher than our last quotations. Other active
ft
$
C a p ita )........ . . .
6 2 .0 2 2 ,7 0 0
61,622,700 60,422,700 issues include the Atchisons, Mo. Kan. & Tex , St. Louis
Southwest.,
Tex. & Pac., TJ. P. D & Gu f and Wabash bonds.
Su rp lus..............
7 1 .542.100
71.276.800 71,594,800
b o a ts A tnsc’bis. 5 1 3 ,2 f 9,8 0 0 D eo. 2 7 2 ,7 0 0 469.879, 00 4 0,169,300 The market to-dayr for both bonds and stocks has been strong
Circulation....... 1 3 ,3 5 ;,SOI J n o .
15.8 0 0
9,784, hOO 9,911,600
Ret d e p o sits..... 5 7 4 ,t : 9,900 I n c .1 ,3 9 5 ,4 0 0 585.973,9< 0 374,010,(00 and closing prices are gmerally higher tha the opening.
Specie .............. t : .3 0 4 ,2 (0 Deo. 14 4.300 91.187.800 60,«60.500
R a ilro a d an d M iscellan eo u s S to ck s.—Following the close
Local tenders__ 1 1 7 ,5 1 8 ,2 0 0 In c 2 ,7 7 6 ,4 0 0 lkl,12tj,; 00 25,074,500 holiday on Monday the market for railroad stocks was active
R esetve h e ld .... 182.tS2.4U 0 I n c . 1,* 3 2 ,1 0 0 2)2,314,300 91,935,000 and buoyant on i uesday and Wednesday. For reasons
Legal r e s tiv e ... 143,732,475 I n c . 3 4 8 ,8 5 0 140,493,475 93,o02,525
already mentioned, the principal coal stocks were leaders in
S u rp lus rt serve 3 9 .1 4 9 ,9 2 5 I n c .1 ,5 8 3 ,2 0 65,820.825 Df 1,567,525 this movement and gained from about 3% to 7 points. Some
of the stocks with ; n international maiket were also promin­
f foreign Exchange.—In the foreign exchange market con ent, and St. Paul, Louisville & Nashville and Wabash pid.
ditioiis remain unchanged. While the demand is moderate advanced from 2 to 3 points. The Southwestern stocks were
the supply of commercial and security bills is limited and strong on buying reported to be by inside interests and fol­
gold slnjments have continued. The exports of gold during lowing the announcement of largely increased earnings
the week amount to §4,550,000, of which §1,700.000 goes to of the Missouri Pacific for the fourth week of August.
morrow.
Flint & Pt-re Marquette advanced over 2 points on rumors of
To-day actual rates of exchange were as follows: Bankers’ direct connection with other lines at Toledo and renewed
sixty days Stirling, 4 89(a4S9h£; demand, 4 90@4 yOJY; talk of an alliance with the Hocking Valley, Louisville N,
cables, 4 00^(jx4 90%.
4
A. & Chicago pfd made a gain of 3 points on increased earn­
Posted lates ot leading bankers, are as follows :
ings end good prospects.
The industrial list was influenced more or less by the inter­
St p l a n t e r 6.
Sixty Days.
est manifested in railroad stocks and other factors, generally
D tm anv.
to a higher level. American Tobacco sold at 96% on Tues­
I’rimi* bankers' sterlin g bills on L ondon.. 4 8 9 0 4 90
4 9 0 0 4 91
day, a gain of 4 points from the lowest price last week.
Prim e co m m ercia l___. . .
4 8r%<2>4 88%
..............
D ocum entary com m ercial
Pacific Mail was at the highest point of the year on Thurs­
4 * 8 * 4 88%!
.............
P. a n e, bankers’
(francs)
.
, ...
-u .
............5 16783>5 16%, |5 15»&@5 159w
day, when it sold at 33%, Tenn. Cual & Iron was neatly 3
Amsterdam guilders) bankers.................
40&,ft®4i%$
4«.%fl® 40% points above the highest of the year on Thursday, selling' at
Franklort or B iem em rcic
debmarks) b’kers*l
957809515,,,
43%. Am. Sugar has flu.tuated between 110% and 114%,
t The following were the rates of domestic exchange on New closing at 1 1 2 %.
Jfoik at the under-mentioned cities to-day: Savannah, buying
Under the influences of profit taking by local traders and
par, felling ^ @ 1 - 1 0 premium ; Charleston, buying paj
sbme Silling for foreign account, the market reacted on
s i l l i n g % premium; New Orleans, bank, § 1 00 premiun’• Thursday and closed on that day with prices averaging about
con n etcial *125 premium; Chicago, 50c. per *1,000 dis­ one point below the closing prices of Wednesday, apart of
count; St. Louis, 5U@75c. )^er *1,000 premium.
which has been regained to-day.
P . M.

THE CHRONICLE.

SEPTEMBS R 7, 1895.
NEW Y O R K S T O C K

E X C I l A N O E - 4 C 7T F S

STOCKS for week ending SEPTEM BER 6, and since JAM.

H IG H E S T AND LO W EST P R IC ES.
Saturday,
A u i. a i.

Monday,
Sept 2.

20*, 20*«
35*, 36
i%
i 5?!
65H SSH
55% 57 i
5T ^ 57%
110 1117*
19% I t f .
21-a SI"..
'163 .......
91 s r v

49 40■*
*25 251,
‘02 06
131 131
m i « i 83i,
*16 108
•If4 T
i '27 130
10M* 104V
a * , im
"37 38
254t 2« %
801& 81
151% 1511*
-5 87
H«
10
04 O H ,
•O', MS,
*28% 27
lu m w
103>« 102%
2i ' - 2-1%
85% Sft%
f.0% S «%
18% 1« V
3a % 3- %
3S»s
-25 25%
'*70 PO
17 17
*71 *0
*33 34
9% it V
•-’ IN
*61 61
203*9202%:
1H is % ;
H
u
33 33
4% 4%
" iii *” $ %

13% 19%
*32 i s '1
*11% 12
* «% 6N
19% 60%
so
60%;
* 1% SS%>
*'32% 33%
* i: % i i
*M 3 117
•90 OS I
8% 9%
1• 19N
*32% 33
*«!.»
62
*115% 117%
25% 35N
13N 13%
41N 43
*2»N ' i t
¥ %
7%
*%

81 :

19%
8
.

?r* n%|
■%

*25% 20
74 74
110% 111%
104% 101%
r*.% » tN i
1«09
%
t % (UN,!
143 143
2 0 % 21 **f
87% 27H
35% ; «

7
14%
17%
85%
40%
94%

7%:
5. 1%;
17«

*
*
5

*

:
f

*
:

*

Tuesday,
S.TK. 3.

411

U sdneaOay, Thursday,
Sept. 4Sept. 5.

Friday,
Sept. 6.

STOCKS.

:Sales oi
I the :; Week,
: Shares, |

I,

Range lo r year
Lowest.

1805.
1895.

Highest

A c t iv e R IS . S to c k * .
20% 21% 21% 22V 21% 22V 21%
At. Top. A 8. tv , 30 instal.pd 90,031! 3% Jan. 30 22% Sept, 4
35% 36% 36% 36%: 33 3- V 35 35
I)o. pref,, when. issued.. 9, 806! 31 Ju ly 25 36% Sept, 3
, 105.
% Feb, 27 2 May 13
1% 1% H % 1% ( 1% I V
1% i%:; Atlantic A Paoirfo... . . . . . .......i 1
1,860! 49 Mar, 8; 60% Sept, 5
65
86 65% 86% 68 66% ^Baltimore A Ohio..........:
r64% 66
310j 33 Mar. 8 60 Ju ly 12
56 56 "56% 38 57% 57% *57% 58 Canadian P a cific.......... .
57 57%: 56% 57% 57 57%: 55% 56% Canada Southern. . . . . . . . . . . . . 3,900 43 Jan. 30 57% Aug. 29
112 114 1113% 116% 114 116 | 113 134% :Central of New Jersey.____ 15,058 81% Feb. 18 116% Sept. 4
S6 5 _
20% 20 V *20% 2i 'Central Pacific...........
1270 Feb, 6 21% St-lit. 4
20% 20%! 20% 21% 21
% 22 ! 21% 21% Chesapeake JkOhio__ . . . . . . .
4,130 '16' Jan. 29 23V May 11
21% 22 21% 22
26 U 7 Jan, 9 It 0 Ju ly 9
163
*163 . . .. . . 163
183 163 Chicago A Alton ..................... : 38,71
6<j Mar, 4 , 92% Ju ly 29
91% 01% 90% 91% i 90 90%; 89% i 0%! Chicago Burlington A Quincy | 1004 50
Jan. 12] 57 May 8
54 54
52 35 Chicago & Eastern Illinois
1*640j go Jan. 31'106 Sept. 5
Do
i o i % i d i v 1- 5 105% 105% 16*5 105 105
pref
77% 71% 77% 78% 77% 78% 77% 77%|ChleAgo Ifilwattkee AflAlPan 126,210 53% Mar. 0j 78% Sept, 4
12>% 129V 129 129%. 120% 130 : 130 130
Do
pref. i M 40414% Mar. 28j 130 gepfc, 5
106 166%; 165% 106%. 105% 106% 105 105% Chicago*fe N<*rtbwestern'..... 11.2 87% Mar, 4; U*6% A ug. *29
•447 1*$%! 146% H & '147 . ..... 148 148 i
Do
pref.
70;137 Feb. 14 146% Ju ly 24
83% 84v 83 S3V # 2% 83%: 8 2% 82% 'Chicago Rock Island & Pacific 33,74u 60% J an. 3 84% Aug. 28
45% 45% ’ 44% 45%' 45 45% 44% 44%. Chicago St. Paul Minn, asOm 3*155.- 28% Mar. 8 46 A ug. 29
*126 125 ' 120 124 120 121 122 123
306104 Mar. 30 123 Sept. 6
Do
pref
4,6 5 35% Feb. 13 50 Aug. 2.8
} 49
49%; 49% 49% 40 49% 48% 46’% Clove, Cineln. Chic. & St, L ,..
95%
15; 82 Jan. 10 97 Aug. 28
Do
pref.
95%
25 255, *74% 24%; Col mu bus Hocking Viu. atTol 1, 100: id Jan, 29J 27% Apr, 1
‘ 24% sa % 2 1 % 24\
’ *62 60 i ♦62 00 ' *02 66 - *02 66 I * Do
pref,
. . . . . . i 55 Jan. 9169% Mar. 27
i 3i % i 3i% ; 13f % 134% 133% 134% 133% 133% | Delaw mmA Hudson. . . . . . . . . . 13,2u ; 123 Mar. 9f l 34% S u p f. 4
163% 10 1% 163 167 104% 166 167% 167% I Delaware Laekuw&uaa&W&M *2,929:155 % Mar. 8107% Sc nt. 6
17% 1.7%' 17 17%- 11’V 17%; Denver A Rio Oraaile . . . . . . . . 1,120 1 0 % Jan. 29 17% Sept. 6
i 17 17
2*494 32% Jan. 29 54% Sept. 4
Do
pref
5 3 % 53 %! 54% 54%! 53% 54V ;. 53% 54 j
% *37 39% ! Evansville A Terre H au te....
130! 30 Feb, 2o, 51 May 11
?. | oy
40 40 ! 33% 30T» *37 139
14 * 127 13o 127 30 '*127 130 jDreat Northern,pref.. . . . . . . . ........;100 J an. 2-01134 J utie 20
1105 103%! 103% 10® 103% 100 ! 105%% 106 lllllnoi# Cen tral._________ _ 1*737 8 1 % J an. 4; 106 Sept. 4
im 11% n -4 lt > , • u % 1i %' towa Central.............
450; 5% Jan. 2- 11% j »t«e 13
•11% u %
610; 19 Jan. 31f 38 Sept. 3
38 3® 1*37 3® S 6% 37 ' 338, 35%
Do
pref,
1
,5
05 15% Feb, 111 *28 Ju ly 23
. 27 27 ; 26% 20% 2« % 3tl >* *20 26 Lake Erie A Westorn . . . . . . . . .
•Sffli 81 |
1*209, 69 Jan, 2>j 85 Ju n e 28
Do
pref,
! 30% m I 80% 81 ; § 0%
412J134% Jan, 2; 153% Ju ly 23
1 1.31 u t | 1321, » ' 25, 152% 152% 152% 152%!'Lake Shore A KfoSu Sotttaen
■ *85 878 *85 87
*85 87 .L o n g In la n d ............. ..........
83% Apr, lb | 88% J an. 5
>15% if ! 21% 22 j - - r . 22 : *21 21 % 1 - o t ig M a u d T r a c . , 2 d i o i . jmI.
2,013; 5 Mar. 25; 22 Sept. 4
! 05% mbi 05% 60%) 64% 6-5%; 64% 65% JUmisvtDeA NaehvUie........... 22,34Si 46% Mar, 12; 00% Sei»t. 4
9% 10% 0% 10 % 9% 10 ;Looter* Kew Alb. A Chicago 5,7931 6 Mar. <5 10% May 24
9%
9,280- so Jam 41 28% Sept. 4
29% S8 20%: 28=8. 20% !
Do
pref
20 % 29V: 2;fi
114 114%-i 112% 1I K 113% 113V 112
U 2% 113% /ManhattanRl#v**ed#mmmh . 4*64“ 104 Jan. 2; 119% May 7
103% “102% i 03% Michigan Central. . . . . . . . . . . . . „ 306! 91% Mar. 4,0-03 June 18
102% 103 102%. 109% f
24V •J*N 24V 25 2e V 251, 26% jMiQCtvapolls. A St, L o u i s . . 5,356 14 May 23} 26% Sent. 5
1m pref, 1*072} 70 3lay 23j 88 Juno 19
1 85 87. V SSI, %m j ®«% 86Vi *86 87 \ Do
583, 59 62 i
61% !
Do
26 pref,., 3,435; 3# % Mitf 23102 Sept. 5
! 88^
18
%
19
:
10
%
1
1
9
:
Mdatottrl
J£aata*
A
Texae__
6, 160! 12% Jsa, S 0| 10 Ju n e 20
18%
18\ l ’ TS 184*
Do
pref. 40,936 21% Jan. 29 40% Sept, 4
. 3- 5* 3 >% 307e -40V 39V 40% 39% 40%
40 40% 40 40V 40% 42 | 40% 41s 'Mteetwirt PaelhO'-... . . . . . . .
36,4*1 18 V Mur. ID 42 Sept. 5
18 % Mar. 20 27 May 31
' 23 23 } 3
25%
*25
...............
£5%
! * O 90 1*70 m
84 Jan. S0| 70 Jan. 18
•to OO ; *70 HO Na»hnClui4kknooga6k8t.Loi0*
1030. 103VNew York Central A Hudson 2,762 92% Mar. 15 104% Aug. 28
104% 101% 104% 101%
0505 I t % Feb. 2c., 18 % May 13
*10% 1T % ! l ?
17 i 10% 17 16% l t % !
*73 m 1 *73 7$ *7S §0 *73 SO \
05 Apr. 23} 73 Aug. 26
Bo
1st pref.
*’¥30]
24 Fel*. 21! 34% May 17
3 1 i 33% 34 ; 53 33%! 32% 33%
Dh
2d pref ■
6,4721 7 % Mar. 9! 14% May 13
0 0%r! 9 9%. r B %
9% 0 1New 'Ifotk Luke Ezio a
1,626!
35 J %% 25 ? d Bo
25 35%! 35 35% !
pref,
310 20 J an. 28i 65% A ttg. 15
04 64 : 6-1% 63% j *62% 64 | 60% 60%; IL.H2# 8. *tr. nvr#,all in -.pc
us
193 183 !Sow York Sew H *f»a a .Hart i 140!l §3 SepL 0|218 June 18
115% I.«5%9i s 4 :
19% May l i
IS %
18%
1.8** k» I t * % l-< % SrW Vork untahlto A Weaten. 13,077! 15% Jttik
14% 14% 1S % 14% ; 14% . 1% 13% 13'7^?Sew Turk 8«m«p A Wc#t., new. i M lb; 6% June 71 14% Jan. 21
36% 38 35% 36% f
35% 36 » %
Dm
pref,! 12,e78; 21 Jane 10i 43% Jan. 18
505' 2 M m 5 6% May 13
*4 1% IS
*4 4%; 4% 4**'
A WMit^rs—
15% 15s *14% ■.**•*#♦ 1 Do
15% 15% ; 15%
pref.: 1,10 9% Mar. 4! 10% Jain 18
>% 5%::Sorthera Pacifle.
5%
3,4*0i 2% Jan. 2> 8% May 13
&% 5% ■: 5%
19%/ 1» % 19% ; 18% 10%} 18% 19
Do
pref. 3,720: 13 Feb, 27127 May 11
s i ji *32 S § ! W
m 32 iOregon Ely A Savigatkm Co
33
as }
38: 17 Apr. Si 33 Jan © 11
n % n % l *11 12
it
i t t *0 : 11 ;i i r»*gt>ns ii, Line a if tah S u rti
309 3% Jan, 29} 11% Aug, *20
7 7
0% 7
6%' 7% ! PwDa Decatur A Eyaueyilie 3*020 3 Feb, 4 1 7% Sept. 6
RH
so
20 % i mn 22% -■ S 0% t t % ! 20% 21H Philadelphia A f a d in g . . . . . . '209,303 7% Mar. 4 22% Sept. 4
20 fOV; 2 0 % s o % i i J 39% SO ■ 0 ‘ ■ Ifunurg etna. Ohio,L. ■ 7,640 15 Jaa, lkt 22% May 13
59 f 0 •3|** 61 |)
58% § f % |
De
.
pref..
1,760; 43% J a a 3€| 60 Sept. 3
Sit', 3t>, 33% 33%, '34 34% ; *33 34%|lOttahflrg A Wentern* pref ....
1*250; 2M Apr,* 17134% Be pi. 5
1
9
■
1
9
j
Hie
#
ra
s
d«
W«s
4
ani
200 15 Apr. I t 19% June 17
IS
*1
7
*
1
%
1
9
*
18
%
Wk
U 6 I t ” *116 117 ]•110 u s ; *110 1 17%: stomi' Wutfrtwwn A Ugdeaab.
112% May I ’117% Jan. 21
000 35% Feb. I t | OB June 6
*m 64%, *80 64% # 4, 05%{ 60 06% ’St, Lenin Alt, A Terre I i ante.
tl
0 !b%
7*IOC 4% Jan, 25; 9% Sept. 3
S%
0%l 0% S %
10% 10%; 10% 10% I f ‘ 19% j 101 19% J
Do
pref. 10,509 8% J ah, 291 19% Aug. 31
330| 18 Feb. b\ 35% Sept. 5
35 ! 35% 3i5% ! *35 ; 37 ,St. Paul A D uluth..» .. _____ _
3t>* 34%
92 ; *f0% 92 I 1*1% 9t% ! “90%
*W
DO
ptOf. ■ 217 30 Feb. 4i 95 May 11
118 p U 5% : 117%;®% Paul Minn. A. Manitoba,..
20 104 Mar. 8. 116% May 15
I J 5 115 • us*, n % 25% m ? 25% mm m 20%: 25% 26%:BomUmzn Pactfie O o ........... 1,000; 10% Apr, 17: 26% Aug. 1
14 UHl 14 14% 13% 14 . 13% 13%;;»eatli.em voting
certlf. 13,244 8% Jaa. 29 14% May 10
p.r«-L vet&gomat. cert.! 10. 471) 20% Jan. 29] 44% Ju ly 0
4l T* 41%' 43*» 43%} 4T % 41% : 41% 42 I
28*21.0] 8% J an, 30 14% Sept* 3
i a % 14V I* -", 14Vf 1| % 14 S 13% lO%;Tftxaa % Pmeine.
3
%; “%
1
S ’,
2
% Tolpdd Ana Arbor A N, MJcb.
720 % Feb, 14j 4% May 14
t
%
!
a
%
:
3
%
#
4B :
48 . •45 48 ! *43 4® fToi^rld A Ohio Central
41 Jan. 14{ 49 June 14
*78 SI " ii" 78 I 60% 80% i *78 §1 ( Do
pref, ■ ***W, 73 JalL 14] 81 Mar. 21
6% 13% ' 0alf>a Paolflc..*.*♦ ***..*,..,. 10,395, 7% Mar. 14 17% May 11
[ 16% 16%
1S % 16%: 45 16%) 1
8%;! 8 8%;
7% *07g 7%?O ri©b Faolfld Denver A H alf. 4,620 3% Feb. U 8% Sept. 4
0% 9% W abash,,.,.,
10
10%;
10*747 5% Mar. 8 10% Sept. 3
0% 10 |
10%}
25% 20% 25% 20%!
24% 25%
Do
pref. 40*820! 12% Jam 29! 26% Sept. 3
is * . 1« %
$m**Aing A Lake Erie
l lr-V 1H5 10% 1 n**W
5,220 8% Feb. 28 18% Ju n e 27
10 % IC S
Do'
pref..
50*, 5i *, S i 1, 81*, | 61% 51 51% 51%;
886? 35 Feb. 25164% July
7r>. 7%
7 lWise* Omi. Cd.,voting tr. ©if#. 1,000j 2% Mur. 1} 7% Sept. 3
7% 7*4j
»%
#%|
! Tf;i*«*eI! a*ieoit ms to c k a .
■25% 28
U Co
C o...»•*}
...—
09
24% 25*, 23% 24*, 23% 24 American
Amertena Chiton
Ooftoa O
OO
3*,6
9*5;* 18% Feb. 13, 30% May 13
2%%;;
Do
pref.. 1
*3411*0
21' Feb. 18( 79% May 33
'74 70 ! ? . i >4 74% 73% ? s : 72% 7
72
lie
pref..!
34
% 114\ 113% 114% 1 12'V H 4%iAiaerieaii Sugar 'Refining Co. (178,-885! S il% Jar*. 31121% June .13
110% 112% 112
104% 104% tm 105 104% 104% 103% lO i
pirn.
1 92.358 34% Feb, 21-117 May 27
93% mb 94% 95%; 91% 97 jAfflefscan Tobacco C#
96
193
10% 11
1) % f
103.103% Feb. 27! 110 Aug. 2®
........ f
Da
pmf
64% 65% ‘ 64% 04%' 61 t 044 63 % 61% Chicago O m (M., t m o reo'te. 410,607 49% J u ly 16} 78% Jan. 11
14.3 143 I 143 .1.44.
145 1.44% 148 fCdtsutolldatod Om Cum puny., 4,273126 Jam 210140 June 8
f i % i i % ! 20% % I H
21 2 0 % 20% DD-V O .F.C o .jr^ tf. all iiw.pd 26,745 13% Mar. 20 2i V May 13

z* mn
30 30% 30% 36%
91% f li% ; Slv* 91% 91%
0 #%i
5%
*0
it : 4 f tf
*0
31. 017 32% 33% 31%
*125% ........ J125%
172% 171 173% 173%
07% S 7% 67%
*58%
40
m
41. 42% : 42
90
7%
141
j
11%
17% !•< , 17%
§0% ®7 ;
87V* 07%
40%
40% 4i % ; 40%
94%
95 f l k 94%

-rt I
41
S>5 !
* The?» art hid and ik e d ; m

31% 30% General CHoctrlo C o . . . . . . . __

92b
M
It

338
071
434
96

»r

lit

00
40*
947

29.263; 25”%Mar. 4 38% Sept, G

20% Feb. 3<i| 3a .iwi. IS
78*4Jan. S«l O U iA n e. 13
2■•»J in. 30 7 Mai- 13
S Mar. H U i% May 24
’J
20 Jan. 26} 33% Btpt, 5
125% . . . . . . Pipe Line Certificate*............
95% Jan, A im May 10
173% 173% Pnllman Palace Car ♦'’om panj
1,067-154 Jim. 2! 178% Juno 17
■ 07
07% ,Silver Bullion Oerlfloatea..*,f 20,000) 00 Jim, 10} 68% Apr. 1
41% 43%
Coal A Iron
56,932 13% Jun. 28 43% Sept. 5
,*«»*•
j
Do
pref. j
100174 Apr. 17102 June 23
\ J il ly O'i 8% Jah. 4
!}%
1 iUJ8.Co»*d.Co.,tr.rf*d.3d n-*.p>l. 8, 7JO
13 18'%!
Fref., tr, ree. 3d *tw* i«3.; 3,000 1% Ju ly 53f 14% .Sept, 3
17% W% I l i l t e d States D ia l her C« .. „. j 7.300 7 Feb.
24% May 3
§1 80<
Do
pref.: 12- 28^ 58 Feb. 27197% May 27
*40% 41 |Dnltod Staton Rubber Oo..... ‘ l H i 0 37% Juno 28i 48 June 3
93% 94% Western Union Telegraph__ 17,094 ®0 Juu.
P3% Sept. 3
■%

91V
%

I st la* taisttehfcpaid.

35%-IlaDunaiLead
•i,138
874:
92:
m
pref. i
0 ‘,5fdrth A m ail cat*. Co. . . . . . . . . . . 2,43S!
11 ;Ore.gt?Q ifnptovernertt- n©,.**. *
32%iFanIft© Mai!... • * * . . . i 37.410:

THE CHRONICLE.

412

[V ol . LXT.

NKW ((IKK STBCK EXCHlNkli UBIOES (OontiauedJ-ZWaCi’rPB STOCKS.
Sept. 6.

I h a o t it b S t o c k s

R a ilr o a d S to c k s.
Albany A Susquehanna.........
Balt, k O. 8. w . pref., n e w ...

Lowest.

Ask

Bid.

f Indicates unlisted.

Range (sales) in 1895.

170
8k
132 k
105
21V
18
50
52
102 k
t 10k
53
7

10

I Highest

' %Indicates actual sales, t
Bid.

m iM cella n eo iiB S t o c k s .
Adams E xp ress.............................100
American Bank Note Co IT............
American E xp ress.......................100
Arner. Telegraph A Cable..........100
Bay State Gas .......................... 50
Brunswick Company.................. 100
Chic. June. Ry. A Stock Yards. 100
Preferred.................................... 100
Colorado Coal A Iron Devel. ..1 0 0
Colorado Fuel A Iron .................100
P referred ....................................100
Columbus A H ocking Coal....... 100
Commercial Cable........................100
Consol. Coal of M aryland......... 100
Detroit G as................................... 50
Edison Eleotrio Illum inating... 100
Erie Telegraph A Telephone .. 100
Illinois S teel.................................100
Interior Conduit A In s...............100
Laclede G as................................... 100
Preferred.....................................100
Lehigh A Wilkesbarre Coal H
Maryland Coal, p ref.................... 100
Micliigan-Peniusular Car C o ... 100
Preferred.....................................100
Minnesota Iron.............................100

July 170 July
Apr. | 12 May
1
---- ,
101 k Apr. :105 July
19 July 21 k Aug.
19 Apr. 24 May
58 Jan. 60 Apr.
45 May 4 9 k July
156 Jan. 159k July
5 k Feb. I t June
55 Jane
30 Jan.
2 k Mar.
9 June
5 k Mar. 16k June
21
Sept.
9 Apr.
34 Apr. 50 Sept.
2
May
k Feb.
4 k May
1 k Feb.
S-^Sept.
I k Mar.
80 May 90 July
1 7 k July 24 May
8 k Feb. 10 Apr.
3 Jan.
6 May
13k Mar. 1 7 k July
1 Aug.
1 k Apr.
....

170
1 6

23
Brooklyn Elevated H.................. 100
20
Buffalo Rooheeter A Pittsburg. 100
00
Preferred.................................... 100
Burl. Cedar Rapids A Nor.........100
Cleveland A Pittsburg............... 50
Des Moines A Foi l D o d g e.... ..100
Preferred.................................... 100
Duluth So. Bhore A A tlantio Tl .100
8k
10s
Preferred H................................ 100
20
Flint A Pere Marquette..............100
Preferred....................................100
2
1
Gr. Bay Win. A St. P. tr. r e o ... .100
2k
3k
Preferred trust recte...............100
2 -It 3 k
Houston A Texas C e n tr a l....... lOt
Illinois Central leased l in e s .... 100
19
20k
Indiana Illinois A Iow a............. 100
9
9k
Kanawha A Michigan.................101
4^
Keokuk A Des Moines................ 100
17
Preferred.................................... 100
4
Louisv. St. Louis A T exas..........100
k
Mahoning Coal............................. 50 106
Preferred.................................... 50 . . . . . . . . . .
Metropolitan TractionU............. 100
8 3 k Apr.
8 Mar. 14 k Sept.
Mexican Central...........................100 IS
4 May
Mexican National tr. c tfs..........100
2k
1 k Apr.
2k
Morris A E ssex ............................ 50 164k 165 156 Feb. 165 Aug.
New Jersey A N. Y ......................100
Preferred.................................... 100 . . . . .......
115 k* July 118 "Feb.
N. Y. Lack. A W estern...............100
Norfolk A Southern.....................100 08
75
65 Apr. 7<> Aug.
4 June 1 9 k May
Ohio Southern...................
100
9
15
2 Jan.
Peoria A Eastern... .................... 100
1 0 k Aug.
9k
Rensselaer A Saratoga...............100 180
178 July 183 Apr
30 Mar. 4 6 k May
Rio Grande Western pref..........100' 4 1 k 44
7
0 June
9 Sept.
Toledo 8t. L. A Kansas City tl ..100,
*>o price F riday; latest price this week.
t Actual sales.

Range (sales) in 1895.

Sept. 6.

I nactive Stocks.
tl Indloates unlisted.

140
37
109
89
13
Ik
89

|150
16
43
1114k 115
99
95
21k
2

7
4
6*
38^8 38 78 23 k
50
95 100
3%
2k
145
160
3 2 k 36
28k
28k
100 101
94 k
60 k 4 5 k
59
70
765s
30 k
23
28
86
65

50

6 4 k 67
J 27
27 k
8
7
7
9
10k
9k
320
-Cable IT....... 100
84 | 86
: -358'.......
19
Preferred....................................100.
10
11
27 k
4 8 k | 50
9 4 k ---109 U 5

Highest

Lowest.

Ask.

Jan.
May
Feb.
Mar.
Mar.
Apr.
Feb

1 5 0 k Aug.
37 May
119 k May
100 Aug.
25 June
4 k May
1C6 Ju ly

Mar. I l k June
Mar. 4138 July
Feb. 95 Aug.
9 k June
Jan.
May 164k SeDt,
Apr. 34 Aug.
May 3 0 k Aug.
Mar. 102k June
Feb.
6 0 k Sept.
July 78 78 June
Feb. 4 1 k Mar.
July 3 3 k June
Mar. 92 May
Jan.
20 Jan.
Jan.
50 Jan

52 Jan.
6 1 k Aug.
3 9 k Mar. 69 Juue
1 7 k Jan.
3 i k June
5 Jan.
12 May
6 Jan.
9 June
8 k Mar. 10 k Aug.
310 Jan. 340 July
69 Apr.
69 Apr.
2 Jan.
4 k May
20 Apr.
1 2 k Jan.
7 Mar. 1 2 k May
338 July 29 Sept.
36 May 50 Sept.
915o June 9 8 k Juue
104 Feb. 114 Aue.

NEW YORK STOCK EXCHANGE P R IC E S .—S T A T E B O N D S S E P T E M B E R 6
SECURITIES.

Bid.

..1 9 0 6 108
..1 9 0 6 108
Class C, 4 s ............................ ..1 9 0 6 100
-.1920
Arkansas—6s, fund, Hoi. 1899-1900
do. Non-HoJford
Louisiana—78,oon8.............
Stamped 4 s..........................
New donols. 4 s...................

Ask.

98

..J A J
Funding a c t.......................... .1900

io i

1910
1919
1933
6s, non-fund.......... / . ........... 1888

New York C ity Raiiit S ta te m e n t for the week ending
August 31, 1895. W e o m it two ciphers (00) in all cases.
Banks .
(00s omitted.)

Bid.

101

x914
1914

SECURITIES.

C apital ISurplus Loans.

Specie.

Legals. Deposits

Bank of New York.. $2,000,0 $1,964,0 $14,840,0 $1,270,0 $3,400,0 $15,800,0
Manhattan Co......... , 2,050,0 2,080,1 13,589,0 1.194.0 6.424.0 18.109.0
Merchants’.............. 2,000,0; 944,9 10.331.9 1.481.8 3.265.8 13.336.7
0i
9.059.0 1.037.0 3.669.0 10.233.0
Mechanics’..............., 2.000. 2.111.3
0!
21.589.7 3,222,5 5,036,1| 25.852.4
America................... 3.000. 2,116,8
405,7
0'
Phenix...................... 1.000.
4.820.0 443.0
760.01 4.625.0
City......................... 1,000,0 3.132.0 22.009.9 7.668.4 5,001,6 30.166.6
39,2 1.984.9
750.0
282.2 1.869.9
Tradesmen’s...........
168,6
300.0
7,325,7 24.835.7 3.270.5 6.634.5 27.095.4
Chemical...............
Merchants’ Exch’ge, 600,0, 154.1 4.036.5
609,6 4.691.3
802.3
Gallatin National...! 1,000,01 1.631.9 6.801.9
516.4 1.286.6 5.687.1
221,6 1.533.6
264.4 1.534.7
Butehers’&DroversV 300.0
156.0
400.01 370.2 2.460.0 240.0
Mechanics’ & Trad’s
165.01 2.130.0
180.3 1.105.3
Greenwich................1 200,0
152,6| 1.026.3
128.5
482.4 3.177.9
Leather Mannfac’rs' 600,0
803,4: 2.944.6
258.8
Seventh National...! 300.01 105.1 1.886.6
160,9 2.078.7
296.9
496.6 3.209.4
807.2 2.785.0
State of New York..1 1,200,0
179.2
01 23.360.0 699.0 5.943.01 19.935.0
American Exchange! 5.000. 2.333.3
0
Commerce................ 5.000. 3,446,5
22.438.3 764.8 7.495.9 21.037.7
1.000. 0 1.574.3 6.664.1 1.088.9
287.0 6.032.9
Mercantile............. I 1,000,01 935.7 7,008,3 1.524.5
840.4 7.394.7
476.1 2.551.1
Pacific..................... 1 422,7
416.1 3.016.4
599.4
911.7 13.598.3 1.363.6 2,686,0 15.223.1
Republic................... I 1.500.0
450.01 983.6 5.912.6 917.6
Chatham.................
967.5 6.325.5
200.01 245.6 1.998.9 253.7
People’s ..................
621,0 3.043.2
North America...... j 700,0; 566.5 5.622.1
616.7 1.042.8 5.941.5
Hanover.................. 1,000,0 1.884.4 15.325.0 4,209,3 1.034.8 18.530.3
500.0 328.8 3.091.0 416.3
Irving........ . ...........
346.8 3.019.0
600,0, 375.0 2.804.2 546.1
Citizen’s .................
319.1 3.126.7
500,0! 281,3 2.545.6 139.3
Nassau.....................
615.3
2.960.2
750.0 823.2 4.219.1 442.9 1.138.7 4.789.5
Market A Fulton...
Shoe A Leather__ ! 1,000,0,
23,1 3.372.9
301.0
598.9 3.600.0
Corn Exchange...... 1,000,01 1.205.9 9.564.0 1,554,5 1.130.0 10.873.5
198.1 5.137.3
Continental............. j 1,000,0
608.4 6.172.3
948.6
300.0, 413.1 2.150.0 179.1
OilenltU ................
317.6 1.870.0
Iixporters’&T radors 1,500,0! 5.476.1 22.710.0 3.684.0 3.609.0 24.070.0
01 26.398.5 3.027.1 6.025.5 32.057.4
Par*.......................... I 2.000. 3.095.9
250.0 136.2 1.122.5 116,0
East River..............
146.1
959,4
Fourth National__ i 3.200.0 1,963,0 19.808.4
499.1 5.039.0 20.596.6
0
Central National__ 1 2.000.
9.401.0 1,058,0 1.914.0 10.645.0
496.7
300,0'
Second National__
615.7 5.010.0
961.0
896.0 6.074.0
750.01 367.7 3.774.6 503.7
Ninth National.......
513.0 4.070.3
500.0 7.232.4 23.139.6 748.9 8.669.3
First National........
25,279,9
1,000,0
Third National........
220.7 10.361.5 2t0d0,9 1.382.8 12.457.4
300.0
N. Y. Nat. Exchange
95,6 1.358.0
132.5
246.5 1.342.3
Be wery.....................
250.0 551.3 2.775.0 453.0
237.0 2.868.0
New York County..j 200,Oj 466.6 2.995.7
629.4
177.0 3.397.6
German American..! 750.0
288,2 2.742.9
564.5 2.861.6
33n,41
Chase National........ j 500,0! 1.231.5 16.303.6 1,283,11 6.312.1 22,146,3*
100.0 1,035,8 6.533.1 773,7! 1.114.0 7.224.2
Fifth Avenue.......
200.0, 609.2 2,626.3! 209,9,
German Exchange..
539.7 3.065.3
200,01 631.7 3,215,91 521.5
Gewnania...............
565.7 4.268.0
C/aited States.........
500,0| 559,0, 7.073.6. 976.0
794.4
Lincoln.....................
300.0 563.5 5.421.9 1,032.5! 2.229.3 8.208.5
7.619.2
Garfield.............
I 200.0
614.5 4.054.11 816.6
403.5 4.771.3
200,01 307.3 1.823.2
Fifth National __
226,11 244.5 1.810.5
300.0 785,31 4.838.2 860.6
Bank of the Metrop.
568.6 5,682,9
West Side
....
200.0 295.1 2.427.0 285.0
547.0 2.779.0
seabourd ...............
500,0! 223.2 5.330.0 i 992.0
089.0
6.319.0
Sixth National........
200,0' 347.0 1.785,0| 196.0
260.0 1.550.0
Western National..! 2.100.0
256.5 10,567.8
873,1; 2.694.1 11.761.6
300.0 868,7| 4.908.01 1,181,0!
First Nat. Br’klyn..
665,0
Boutiern National..
500,0, 573.0 3.249.11 128,71 994.7 6.590.0
3.605.2
N *t.. Onion Bank__ 1,200,0, 409.5 11,384,3; 624.6 3.165.5 13,383,3
Liberty Nat. Rank
500.0 138,2, 1.713.2
60.9
811.6 2.139.6
N.Y.Prod. Exch’go. j 1,000,0
318,9 3.773.7, 479.7
517,6 3.469.3
»'ota.
...182.622,7 71.642.il518.'B89.8l6B.3M.alll7.6t8.a 674.029,9

SECURITIES.

Ask.

Bid

Ask

T enuessee—b‘s, o ld —
1892 4 898
6s, new b on e. ..A8J2-8
.........
do
serine
Compromise- h-4-s -p *....... - 012
3 s...................................... .
. 1913
90
Redemption 4 s ......... ........... 1907
do
4 k 8 ....................1913
Penitentiary 4 k s ...................1913
Virginia funded debt, 2-38...1991
63%
6s, deferred t’st rec'ts, stam ped.
6
7

New York City, Boston anil Philadelphia Banks:
Banks.
N. York.*
Aug. 3 ...
“ 10
“ 17--“ 24 ..
“ 31
Boston *
Aug. 17....
“ 24....
“ 31....
Phila.*
Aug. 17 —
** 24....
“ 31....

Capital
Surplus.

Loans.

$

$

Specie.
$

Legals. j Deposits.+.Circ’Vn
$
$
$

134.164.8 509.327.0 65,474,8 1190185 574,304,5 131632
134.164.8 510.976.1 65,480,5 1168796 573,677,3:131730
134.164.8 511.275.2 65.689.2 1198835 577,223.3 132548
134.164.8 513,532,5 66,208,5,1147418 573.534,5 133400
134.164.8 513,259,8 65.364.2 1175182 574,929,9 133558
69.351.8 176.023.0 10,923,0! 6,381,0 164.848,0 7,337,0
69.351.8 174.948.0 10,74 7,0 6.916,0 163,160,017,340,0
69.351.8 176.149.0 10,530,0' 6,773,0 163,115,0 7,291,0
35.810.3 109,368,0|
31.788.0
111,046,0; 6,391,0
35.810.3 109,0*3,0
31.477.0
i111,069,0 6,353,0
35,810,31 110,698,0!
32.083.0
<112,313,0)6,370,0

* We omit two ciphers in all these figures. + Including for Boston and Pntla
delphia the Item “ due to other banks.”

M iscellan eo u s a n d U n lis te d B onds :
M iscella n eo u s Bonds.
Boston Un. Gas tr .certs., 5a
Ch. Jun.A S. Yds.—Col.t.g.,5s
Col. C. A L Devel. gu. 5 s___ 93 a.
Colorado Fuel—Gen. 6s..........
Col. & Hock. Coal A I.—6s, g. 100 a.
Cons.Gas Co..Chic.—lstgu.Sa * 83kb,
Consol. Coal conv. 6a............. *101kb.
Det. Gas oon. 1st 5s................ * 75 kb.
Edison Elec. 111. Co.—1st 5s . 107 kb,
1st consol., gold, os.............. 103 a,
Do
of iiKlyu., 1st 5s__ 112 b.
Equit G.-L., N. Y., cons. g. 5s. 109 s8b.
Equitable G. A F.—1st 6s__
94 b.
Henderson Bridge—1st g. 6s.
Illinois Steel deb. 5s.............. 90*"b,
Non-conv. deb. oe................. 90 b
int. CoLd. A Ins. deb. 6s...... !
N o tk . iii u-i*r,es once out;

M lscellanm *!!* Bond* i
Manhat. Beach H. A L. g. 4s.
Metropol. Tel. A Teh 1st 5s
Mloh.-PeniD. Car 1st 5s. ..
Mutual Un on Teleg.—6s g .. 114 b.
N. Y. A N. J. Telep. gen. 5 s.. 107 kb.
Northwestern Telegraph—7s. 112 kb.
People’s Gas & C. i 1st g. 6s.
Co., Chicago----J 2d g. 6s. 105 kb.
1st cons. g. 6s...................... *101 a.
Pleas. Valley Coal -1 st g. 6s.
Sunday Creek Coal 1st g 6s,. 10*6“ b.
U. S. Leather—S. f. deb., g.,6s 114kb.
Western Union Teleg.—, .. 110 b.
Wheel. L.E.& Pit-** Coal 1st 5s
U n listed Bonds.
Comstock Tunnel—Inc 4s.
pnoe uske t.

Latest imoe tm

Bank Stock List, —Latest prices this week.
BANKS.

Bid.
America...... 210
Am. E xch... 159
Broadway...
Bntohs’&Dr.
Ceutial ......
Chase...........

245
155
119
500
350
Chemical .. 4100
City........
440
140
Columbia ...
188
Continental. 125
Corn Exch.. 285
130
11 tb Ward...
Fifth Are. .. 2700
Fifth"_____
First............. 2700
First N..« 1. 120

Ask.

BANKS.
Garfield........

255
,165
125

Bid. Ask.
115

i.25

Germania....
Greenwich ..
Hanover.__
Hud. River..
400
4800 Irviug..........

(*Not Listed.)
BANKS.

Bin A sh

N Y. Nat. Ex 100
118

125

N. America 138
Oriental .. 210
Pacific.. ..
Park............ 272

150
250
200
300

Phenix.. . 115

125

Seaboa j ...
300
Seventh ... 115
Shoe«fe Le’th 94
140
Stateof N.Y. 110
Third.......... 105
Tradesman's 95
23d Ward*..
Union*........

115

130

400 435
150
310 340
155
520 600
135
170
60o
Manhattan.. 195
210
Mechanics’.. 185
M’cha’ <fc Trs’
150
170
Merchants’.. 134 138
Merch’ts Ex 115 125
Metropolis.. 400 465
Mr,. Morris.. 100
N ^ hho. ---- 150

Fourth ----- 175 190
Gallatin.. - . ......

New York . 232 k 240
NT. Y. Co’n ty . 58o

Western ... 112
sid e.. 280

113

160

150
__

THE CHHONICLE,

S eptember 7, 1395,]
i$ ) 3 i 'i l N ,

l* : iI L V U K L P t llA

M 3

v.N’ D B A L T IM O R E ST O C K

E X .C H A N U E 8 .

• y s lia r u P r ic e * — n o t P e r C e n t u m P r ic e *

Active Stocks.
$ I ndieates unlisted.

Saturday,
Aug. 31.

122
ito b , T. A 8. Fe (Bo«t,)u).lfyy
Atlantic A Pae.
“
100
*65*
65%
Baltimore A Ohio ( Bait.), 100
73% 73%
Balt- City P&ss'set "
25
20%
2u%
Baltimore Traedon "
2o
20
20%
Baltimore T rae'af
25
211% 212
Boston A Albany {Boston). 100
205 205
Boston A Lowell
•*
100(
176% 177
Boston A Maine
**
100)
*13 .........
Central of Mas*.
*'
100:
>.........
57%
*56
57 8
Preferred
“
100
99% 91
Cftie Bur. A Quin. **
100 91% 91%
76%
77%
77%
78%
CUc. Mil. <k i t P. lPA i/1.300
16% 17%
Cbe.O .AO .vott-e.
“
50 16% 16%
55% 55%
Clt. 8t. By of ItiJ f
100 55% f5%
71
71
71
Electric Traci i'a
**
50 71
96
96
97
Fitchburg pref . (B o tto m . 1<XS 96
11%
li% 13
Lehigh V alley.. (P h U u .). 50 11
•138
Maine Central (BostonJ.100 1 3 6 138
102 102%
Metropol’n T rac-f (PM C).1 0 0
13% 11
Mexican Cent’l (B a tlo n ).1 0 0
61
61
-r
■
100
•102
l ’refrn e4,tr r«'.;
lo o
*69
Sortht-m Central (B a lt.). 5 0
5% 5%
5% 0
northern Pacific tP h U u .)1 0 0
19% 19%
19% 19%
Preferred
* 100
. . . . Xl79%l79%
Old Colony. .. (B o tto m 100 '178 . . .
56
56% 57%
P en nsylvan ia. . . ( I'h U a.). 50 51% 51%
66%: 6t% 67
Pecpte’eTraetlou
SO 6«% 86%
10%| 101,* 11%
PhJU. A Beading,
50 813,, 10%,
85
-1% 85
85
85
PMladetph Trao.
**
5*
15% 15%
16%; 16% 16%
Colon Pacific . . (B o tto m . 100
n i a c c l l a n e o u a S to e lc * .
111 112%| 112% 111%
Am-SnsSr Re fin.': ( B o tto m .... 110% 111%
101% U 5
101 101
103 103
P referred ----“
: IV 8 196% ls>8*# 199
Bell T elephone..
•* 100 198 188%
9*2
93 : 92% 93 V
Boss A Montana.
•*
25 91% 91%
: 2*3% 22% : 2 2
22%
22%
Butte A Boston .
“
2* 21
! 315 316 i 315 313
Calumet A H eel*
**
25 315 315
Canton Co . . . . . . fB altplO O
63
63
63
63
Consolidated <!»*
** 100 63% 63
17
1*
17% 48
Elec.3tor. Ba**r1tPAa«.)„tOO 16% 1*
17
17
17% 17
17%
Preferred %
** 100 17
51%
51% 65 . 65% 57
Erie Telephone.fBo.AMi.luO *54
37% 36%. 37% 36%
General Ktectrte.
"
to o •' ....... 3 %
68 % 7!
89% 69%
««%
Preferred:.........
“
to o ■.......
*
22 6
22%
21% 2'%; 22
bMMWVfoceSer,
“
50 *22
18
18 i 18% 19%
Lehib Coal A.Vac, / PhUa. > 50 *17% ls%
*98
.. j *89
.V. E. Telephone ( Hot (on) .100 ■......... 63
80
*2
62% 82%! 82% 8 !
0Blt'«10a«t»»p,f (P h U a .). 5 0 82
83% »» . 93% 83 V
83
Weletmnh Ugh* % “
5 83
2%
*2«» 2%,
West End Ijia d .. (H a tto n ).. . .
*2% 2%
' B.'d andhuked prices no sale was!
i All Instalment* paid.

AaA.

Bid.

Inactive Stock*.

6 oi sales In 1895.

Wednesday
Sept. l .

In a c tiv e ( to e x a .

Higheei.
30 122% Sept. 1
1 2 M:ty 1<
66 Sept. 5
71 June 12
21% June 17
21% June 17
213 Ju ly 10
205 Ails. £8
2 178% sep t. 5
" 16 May L3
60% May 11
92% An*. 23
76% Sept, 3
17% Sept. 1
57% Aug. 22
87 Jan. 3
93 Aug. 23
13 Sept. 3
140 July 8
106% Jan. 3
11 Sept. 4
65% Aug. 15
102 Aug. 28
70% June 7
7% May 13
25% May 14
182% June 19
57 % Sept. 1
68% Aug. 23
1 t* i-S e p t, 5
99% Jan. 2
17% May 10
113% 114%
io i io i
196% 196%!
92% 94%
22
22%
316 319 j
63
16%,
4*
87
39%
*30
*23
*9%
99
62%
83%
*25%
Bid

63

17%
17
87%
36%

70
19%

32%
8* |
82V
83%!
2%;

A«n.

113% 111%:
101 )0i% :
198% 198%
«2% 93%
2l% 22%
316 31H
*67
6!)
*83
63%
11% 16%
15
17
57%
57
39%
39
‘7o
71
22%
22
Iti
40
89
69 i
82%
7»% 8 2 %l
*2% 2%:

176
720
6,12*
3.175
999
1,937
300
171
90S
11
4,985
2,073
50
t 3d laa

86% Jan. 7 120% June 13
90 Jan. r 107 Aug. 1
175% Apr. 17 HO May 20
33% Jan. 2 99% July 30
9 Mar 12 28% July 31
280 Mar 12 330 July 20
67 July 27 91% Jan. 16
60 May t7 65% Jan. 2
26 June 13 13 An*. 31
28 Apr. 5 17% Sept. 3
15% Feb. 13 60 July 16
25% Mar. 1 3 3 ‘.S e p t , 3
60 Feb. 5 7 i July 8
21 %Sept. 3 25% Apr. 16
40% Mar. 8 19% Sept. 5
66 Feb. 15 91 July 15
67 Apr. 2 S3 Sept. 4
36 Mar. 2-* 84 se p t S
3 Jan. 30 3*lB May 9
la incut paid.I

Bona*.

Bid

People's True, trust certs, 4 e..l9 1 8
94%
n UnltrdG i'. Jdm, 5A .19S 9 ( 55 * 56
Price* of XmtemSer 6.
IOO 06 ICO 1 BttrL*Mo. Hirer Ere op t «».. JA.1 <1)0 ll«% Fernimneu. le t » e r .,5 « .io id , % - j 102
Atlanta A Charlotte (AM
,100
A Providence iHwtn,.>.1
0*) 263 264 li Sos-«*etiipt 6«--------1918, .14J 1106 It*7 Pbil*.A Erlegon. M. 5*.,1920, AAO .......
90
13
Oen, i n .ir t .,! * ......... .1920, AAO 103
Hamden A Atlantic pf, it’hxla.) . 50 M '
Plain 4*...................— 1910, J.AJ

Aek

95
____
117%
104
78% 90
39% 39%
24% 25
17% IS
121 .........
127% . . . .
mi
.........
101% .......
101% 102
H it 104%
102
113 113%
105% ........
HO
.......

§105% 105% Phita A Read, new 4
1958, JAJ
100
le t pref. Income, 5 * ,1 9 5 8 , Fob 1
loo
ioo
100
2d pref. incom e, 5 g, 1958, Feb. 1
96
3<1 prrf. ineom r, 5 g , 1958. Feb. I
96
io o n o
145
98 IOO
100
2d, 5*............................. 1933, AAO
:r.w» Idvlaloo 4»___ 1919, AAO
CMMMten* * Pan*..
§
64
i m 245 ;2So
so
*t
CotieoL
1911,3.'AO
Connecticut River
CotieoL mort.
mort.7«..........
7«........ 1911,3
J 27
<
02
COneol. rnur*. 6 * ........ 1911, JAU
§00
O n u a l Ttaekol S.J.% (P5Um.).- »00
I 01
100
.1927, A AO 5 70
ImprovetuentM, 8
1897, A 4 0
163
l
OelawarrABeiind Ur.
20%
so
Con. M.,5 *..«tatup<sl.l .*22. MAM
:?
,\m
' *5
Flint A Fere Mstrq..,(Bo
Terminal 5», * . . . . 1 ■<i i .
F.
tm
122
100 4 7 : 49
preferred
,5.10 131
fiealnaviiie Pmmmg. (PAiter. / ,■ m l 57% 58%
Phil. Wi:m. A B a it, i s 1917, AAO
50' 0? ! 7u
SO Pitta.
.,' . C.A sp rin g,,l • t o r ., 10»5,AAO f 75
A BA I ., 7 s---- 1900, FA A
Preferred ^ . . . . . . . . .
50 TT-r-r- - 1 31% f t t P.8.A M . eoD.S*; 1928. MAS * 09
V0 % Kpehaater Railway, con. 5» . .1930
Bunt. A Breed Tup .
**
50
•54
; r.C. Mem, A Bir„lat,2».1927,M Afl * 61% 62% 8cliayl.B.K .8id0,U 55 * 1835. JAD
Preferred .............
**
Kae. try m s . A MeuutffeMMel IOO 23 * 24 i LC. 8t. Jo. A C. fi., 7a.. U>07, JAJ ] 122 12 J .Union r.Tiuintt, 1*15* . . . . . FA A
so
: » Bock A F t. 8 ., l» t ,7 » .. 1905, JAJ j » 3
100 70
96
Preferred.................
**
8 o n d » . -Baltimore,
- S a it j m o r e ,
Bond*,
i J ilin Behavlkm.........(PMIa.) , 50- t n :
a>.lt«..Ev A**’ 1. ,1*1,6*. 1926, AAO §104 106
Atlanta ACnarL, le t 7s, 1907, .'*.1 1 2 l \ 1*22%
T
y
,
1
j
9
0
;
05
50
7
0
'
•
........
2
m
.,5—8
.........
1936,
AAO
iMalUiBorc Belt, le t, S t . 1 9 9 0 , MAS 107
Mine H ill A 8 B a r u
'
Si10<1 10 * Halt, a Piles, l e t s . . . 1011, MA N 116
.......
50 53%
MeanuebonlngVat.. .
•*
too ■»%
1
in .* i 69% Bulb TracUmi, let 3«..I8*29, MAS 110% l i t
-T-T *
Sonia American Co.,
**
l i t doiieoLt.uoBui®*, 2 *, non-aam,
20
20%
Extcti. A Inipt. 8 4 ....1 9 H , .MAS 101% 105%
5 0 . ^ . 1 63%
Sorth F m » f i n t ! » .
**
2d Guile*. 1, iins'-m**. 3s, ntJEi-f'iiin
11% 12
:>'*.. H ill. im -.. 5- ...1 9 1 2 , JAU lon% llo%
Oregon Short U s e .. .CSotlmt) to o n % l i v
t i l , h i,
j.s .t • *121
........
PenuryWandaA .V. W, (PhUn.>.. SO: ; l . .» ,■»
121% llaltoim re A Ohio t if., 1*135. AAO 105
114
1st
mart,
ds
.
—
.
...1
9
0
6
,
JAJ
114%
puts.
A Conti., 5 *. .1925, FA A
50
*29%
PbUadeL A E rie ........
3 1 3%
Rutland . . .. . . . ...... JB ottm x) UK)
UMi
M rn o n , »S* . . . ____ 1903, FA A 111 ,111% Staten Inland, 2d, 5 g .l9 2 tl, JAJ
io o 70
71
<tgilett. AL.C.,Con.6e. 1920.AAO §109 1 12 Sal.AOhlo 8. W „let.4 %*. 1OHO, J ,v.i 111
f%e to ta d ................
OapeF.AY*tL.8er.A..8*.1916, JAD H O
Sotitbern........ .......... f B a t l.j .100
.100 13% l i
..................................1020 ) ........
20
93
4
2
41%
60% 65
{■ referred.................
•* 100
Series B„ 6 g ....... .. . . . H u e , JAD
R u tlan d . I •*,*:»........... 1908,MAJls’ l l o
IH
77%
3d, S»............................ 1898,* A a U o o 11 0 1
77
8erl.-« (.*., 6 * ............... 1916, JAI
61% 65
w*»t B ad.______ 50
50. 82% 98%
Cent. Ohio, 4% * ........1 0 3 0 , M,v* - - «■*
Preferred...............
Cm led Co». <i? B, J ., tPhtta.,). lo o 237 *»*«. j
Cent. 1‘aee,, 1st ,1s....... 1932, MAS 112 112%
.......
i »»%: A llan tin City let 5-, *., 1916, MAS 102 108
m
Seel Jersey.. . . . . . . . .
City A 8-ib,, 1st 5#.........1922. JAD 110% l i t
Cbarl.Ool.AAag.BAt.5*. 1910, JAJ 107 108
m . 29 ■ 27 ■ IteSTld-re tie:.. I- .C* 1902, JAI)
West- Jersey A A tian.
— **. . . . . . Coi A Q rvenr., U t5 -8 e -l9 1 7 , JAJ 113 114
•AVsfern N.Y. A- Penn
**
i% 4% Buffalo Ky. con, 1st, 3s. . . . . . 19J1 105
-*0, * ,-t 1W% ....... Ga.Car. A Snr. l»t 5 c ,.i:i2t», JA;
WiAConatri Central ...(Hatton). to o
7% 7% r atasri **», M . ','*•.----- 1 iM
88
89
23
; 10'*
ifeorgu Pa**„ le t V ile... 1922, JAJ 1 l l
100
Chon, OkU. A uui.'. p lor Hen 6s
P re f e r r e d ..........
’*
115
l ‘>0 u o " 130
W6
>ry’«t,Saeb.JkRo«b
**
Vorth. Cant, d a ....... . . . 1900, JAg U O L10*«
CTtttens' 8t.Ry.or tnd.,col%a*.lt>3*' »1%! 95
MlSCAUf-AAIMJCA
OilUIBb, -L K f„ 1*1. i-on. 5e., 1932 102 105
6 * - . . ...................-........ 1904, JAI 11*5 117
i
Allo s e l M in**, seet pdf Bottom) . m
H.*ri.*« A, vs.............
1926, JAJ 111
...........
1% Cointnb. O.Ctwetown, l«t,6«.ty.jt 98% 101%
25 23
25% ConsuL Traci, of 7*. J,, l*l,5e.l9J3 85 ; »3%
Atlantic >1in mg........
’*
4%e......... ....................1825, A AC I0 d
Bay 8Mte O** 1. . . . ' *
,*0 lo% 10% iOei. A B*d Br*k, Ut.7«.190B,FAA. 125 120 Pfedm-A Cum., le t, 5 « . 1911. FAA 103% 105
4% Esavin A Ain. HlM...'.s.l920,MAH . . . . . 110 Pitta. AO m nelie. le t 7e. 1808, JAJ 108 1 03 %
4
Beaton L a n d .............
“
lo
Ofittenruakl M ining...
*•
10 1 % 2 ' !Elmir. AWHO. , U t,6e. 1910, JA J. US
SiHHburn, 1st 5s.............. 1994, JA J 97
97%
Fort Wayu# Bted. .
**
27 1%: 1 % U.i-trmiiln *.f 4 K , con. 5«.. 1921 111 t i t ! Virginia Mid., let 6 n ...l9 0 d , M.vr 117
Frank Jr, .vtlnla*.__
**
25 22
*2 2 % tiutil. A BrM I op,< '•in.5».-05,.\A*j 106% . . . . .
2d disrlee, 6e...................1911 HAf 130
Frcrn’i,ui’n'a Ha} L’d.
5] l
3d d.-rire, 6 - .................1910. MA* 115
1% Lehub S-tv. 4%*.......... O H , o - ,r i u %
DiinvUa ary,;;...........
'*
100/ 7« 78
83
%
2.1 fie.gnid..................1897, JAD 106%;106%
1th Herts*. 3-4-50. ...1 9 2 1 , MAr
. .. .
Kearaargr M ining,...
“
25 2 1 2 1 % Goucral uiurl 4 o*, *.1924,0~-F •03
5 th Herlae, 5e...............1926, MAr 100
Oaccoia Mining. . . . .
**
25 37% 37% LehiiiitVai.i>..i! 1.-' 5s,2 .1933JA J 101% 102 *y««t V . 0. * ° le t, 6 g.1011, JA-' 109% n o
PUlijuaa Palace Car.
**
100 173 174 lesU ih Valley. 1st 6*...1898, JAO 107% ....... Wert.*A S.C. COOeoL 6g. 1914, JA.' 115 116
Pe'u-.aylvauta Steel., i
100 40 43
SVilm. Cnl. A AUg., 6 « ..1 9 1 0 . JAT i 111
<d 7*........................... 1910, MAS ......... 136
WieOKbLANIvOOS,
t*K tarred « .................
100 72%
Oon*o!.e .................. 1993. JAB U j ......... .
Julncy Mlamg ...... (B a tto n ). 25 tin 150
Sew ark PasAOBicr. own. 5*... 1980 '*04
___ Balttuiure Water 5 * ...1916, MAS, 123% 124%
ViirtA FulMi. le t, % .... 1896, M « s ........ 103%' F u n d in gs*— ...........1916, MAS;
n m o r m k A t t a i n g , . •**
2l> its) ICO
Safer P o e rr. . .. . .
**
loo
Exchange 3 %»............. 1930. J A J 1 105% 105%
l
1%: ;)*n. M. 7e...................1903. JA J ........ 124%;
76
:Virginia (5t»ta)S«, n ew . 1.032, J * ,T| 75
Saatlodka Biec. A S ..
**
50 36% 37 •emiaylvanu *eti.0«,r„ 1910, Var 13*
Funded debt, 2-3e........1091, JAJ
Pref,, euauilatire.
“
50 55 56
:.mwt. 6e,<
..........1905, Ver 120% 122
63%
>>oeul. A*.r ...... . .. 191'J, Var ....... . . . . . *’l:.*.s.i]„.,iEe On*. *s . . . . 1900. J A il 108
8
o n a s -a o * t o u ,
A i.T •.•.A3.F, t 0.^.yr.*f., 19*». J a j *3% 81
OoUat.Tr, *% g.......... 1913, JA1> 106
....... f*„o*wii *■>*h, **-•. . . . . . . ...1 9 1 0 , JAD 117 118
. .
5 * ....................- . .. 1939, J * * 109 l i u
2d 2% t*. t )a»*A .. 1989. AAO 36% 37 i P , A .V, r . i’» n a i,7 s... 1906,JAD ........ ,124%
«». *'
’
fMn. 5». ....................1 9 3 9 ,4 4 0
.......II* 0*, «.,..*>.*
KoitOQ Unm4Wsm l i t 5*.,
.. f>2
82%
................ ...

••

59:

3

:

, 99
50! 4S l i t preferred........ .
99
Central OMo -..... .
( lUiU.*. 50 50 j 51 t< DebeBture 8*_______1896, JAU
Chicago A WV-4-Mlf b.tifoatoal..100
100 2 3 ' 24 i i bin. Hurl. A ifniney 4a l:i22.FAA j 95

Frier Ineludee overdna eotipuu*.

t Cnlieted.

^ And

accrued interest.

Lriat price this week.

THE CHRONICLE

414

[VOL. LXI.

N EW YORK STO CK E X C H A N G E P R IC E S ( C o n tin u e d )—4 C 7 / K S B O N D S S E P T E M B E R 6 A N D F O R
— -----------------------------------

i

o losing

fU .L K O A I. A M . MMOKL.

Range (sales) in 1895. ’
Railroad
Lowest.
Highest.

and

1 EAR

1895;

_
, Closing 1uange (sales) in 1995.
Misoel. B onds . Tnter’l Price ___ -_________________
jPeriod Sept. 6.1 Lowest.
Highest,

Allg. Mo. Pao.—1 st,eon., 6 g ___1920 m & n 101 %b.
83 Mar. 101% Aug.
110*4 Feb. l i t
Arner. Cotton O it.deb.,8g.l90U! Q—F |
3d, 7a................................. 1906 m A N 112 b.i 103 Mar. 113 Aug.
62 Mar. I 84% Sept.
A u T o p .* 8 .F .-1 0 0 -y r .,4 g .l9 8 9 J A
4
Pao.
of
Mo.—ls
t
,e
x
.,4
g
.l9
3
8
j
p
&
a
103
b.
100% Mar. 106 Juue
16*3 Mar. 137*8 Sept.
3 -ls, ta. "A” 1st loataLpd. b9;A A 0,1 JD 8
2 d e x t. 5 a ....................... 1938 j & j 107 a.I 103 Mar. 108 June
79% July 84% Sept.
S ow rod. -Is. when I s s u e d ...............
St.L. & Ir. M t.lat e x t.,5 s. 1897 j? * a 101 b. 100 Mar. 103% Jam
53*8 July 59% Sept.
Adjustment Is, wUou Issued... • ... ■ ■■
2 d ,7 g . ....... .................... 1897 M & N i, 104%b. 102 May 104 Jam
17 Mar. | 30 >2 Sept.
OoLMldUnd—Ooub., 4 g.1940 F A A t 30 1
Cairo Ark. & Tex as,7 g.1897 j & d 107
97 Mar. 103% May
A t l . * Pao -U u a r .,4 K ....1937 ...........
u. 44*e Jan. 51% J une
Gen. R’y <fc land gr., 5g. 1 9 3 1 a & O 87%
74% Apr. 87*2 Sept.
108
May
A
A
Oj*107*4t>,
86
Mar.
Brooklyn Elov.—1st, o g .-iO M
Mobile
*
Ohio—N
e
w
,6
g
..
1927
j
*
d
120
b.
115 Mar. 121 Aug.
Union Elevated.—b g ....1987 M & SI >107 Mb. 84% Mar. 107% Sept.
General mortgage, 4 s
1938; M & S 66%
62 Mar. 69% Juue
t ' s 102*2 Aug. 108 %J une
B1clynWarfAW.il—lat,5s,g. 45 I*' A A l o10
Nash.
Oh.
&
St.
L.—lat,7a.
1913
j
&
J
132
a,
0. 109 Jan. 11258 June
130 Mar. 132% Juno
Canada Southern.—list ob 190 s J <fe J
Consol., 5 g .............. ...... 1928 ' A
O
105
%b.
ios%
July
93%
Apr. 105% Sept.
107*2
102*2
Mar.
M&
8
2d 5s
................. ...... 191 o
t 63
50 J ail. t 64% Allg. Nat’l Starch Mfg.—1st, 6a. 1920 m & N 98 b. 90 Jam 100 Sopt.
Oent.Ga.-8] AW Jstcon.5a.1929
N.Y.Ceutral—D ebtext.4a. 190r> m <fc N 104 b. 102 Mar. 104% Apr.
113
June
112
b.
111%
Feb.
Q—J
Central or N. J .-C o u a .,78.1399
lat, coupon, 7a..................1903 j Jr j 123 b. 120% Jam 126 June
Consol.. 7 s ...............•........ J002 M Sc N 117 b. 114 Mar. 121 Jan.
Deben., 5a, coup., 1884.. 1901 m & S 107% 105% Apr. 110% Aug
118 78 I l l J an. 119*2 Allg.
General m ortgage,5 g . . -1987 J & J 108
N.
Y. & Harlem, 7a, reg.1900 M «fe N 117 b. 115% May 119% Apr.
%a.
101% Mar. I 10 Aug.
Leb.A W.B.,con.,7e,aa’d. 1900
R. W. Ogd.,oonaol., 5a. 1922 a <fe O 119%b. 113% Apr. 119% Aug.
9 l b. : 85 Mar. 92 Jan.
“
m o r t g a g e e s . 1912
West
Shore, guar., 4a___2361 J & J 10678 103% Feb. 107 %.1 uue
Am. Dock A Im p .,5s-----1921 J A J 113%b, 111% Apr. 1 1 1 %Jan.
Y. Chic. <fc St. L.—4 g . .. 1937 A A O 106% 101*8 Feb. 106*2 Aug.
Central Pantile.—G old,08.189s J <fe .1 10b b. 101% Feb. 107 Aug. N.
N.
Y.
Lack.
& W.—lat, 6a. 1921 J & J 131 b. 131 Mar. 136 June
Chea. A Ohio.—8er A, 6 g.1908 A A O 120i.il). 117 Apr. 121 Feb.
Construction, 5a.............. 1923 F & A 116 b. 113% Feb. 117 June
Mortgage, 6 g ....... ......... W l l A & O 120 V ). I l b *2 Apr. 12 i July N.Y.L.E.&W—
1 st, 00m,7g. 192o M & S 134 b. 125% Mar. 1355s Aug.
,103*3 Mar. 112*8 Aug.
1st consol., 5 g .................. 19 JJ M Sc N 112
2d cousoL, 6 g ....... ....... 1969 J & D
785s f 55^8 Feb. 79% Sept.
I 69*2 Mar. 83% June
Genera! 4 %a, g ..................1992 M Sc 8 82
Long
Dock,
oonaol.,
6a,g. 193‘>a «ft O 132
9/
126 Feb. ,132 Sept.
9 1 Feb. 99 July
F.«fc A. Div., 1 stcon.,4g. 1989 J Sc
“
2d com ,4g. 1989 J Sc * 88 b. 85 Apr. 90 J une N. Y. N. II. & H.—Con. deb. ctfs a & O 137 b. 137 Jam | 147% June
Eliz. Lex. <frBlgSau.~5g. 1902 M Sc *101 b. 95 Mai*. 103 Aug. N. Y. Ont. <fc W.—Ref ,4a,g. 1992; M & S 94%b. 83 Jam I 95*8 Aug.
Consol., 1st, 5s, g ............ 1939 J & D 111% 109% Juue ;113 May
121
118 Man 123% June
Chic.Burl. <fc Q.—Con., 7a. 1903 J Sc
164%a. 98*3 Mar. 104 Aug. N. Y.Sus.<fcW. —lstref.,5sg. 1937 J & J 102
95 June 1108 Jam
Debenture, os....................1913 M tic
M tdlandof N. J., 6a, g . 1910 A & O 117 b. 114% Juue 119 Jau.
*165 b. 99*8 Mar. 109 Aug.
Convertible 5a.................. 1903 M Sc
* 95 b. 93*2 Feb. 97 J uly Norf.&W.—100-year, 5s,g. 199 >J & J 64
70 Apr.
48 %Feb.
Denver Division 4a.........1922 F sc
93*a
8678 Fob. 93% Sept. No. Paoiiio—lat,cou p., bg.1921 j & j 118% 112 Feb. 119% Juue
Nebraska Extension, 4a. 1927 M &
General, 2d, coup., 6 g . 1933 A & O 103%
120 b. 115% Mar. 125 Aug.
8178 Mar. 103% Sept.
Han.cXr8t.Jos.-Con8.,(>9.1911 M&
General, 3d, ooup., 6 g .. 193 / J Jt D 74%
49 %Mar. 74% Sept.
( hie. & E. 111.—1st, a. f.,6 a .1907 J & D 11513b. 114 Juno 117% May
Consol, mortgage, 5 g . .. 1989 J & D 40%
45 Juue
24 Jam
Consol.. 6 g ........................ 1934 A Sc U 127 b. 121% Apr. 127% Aug.
Col. trust gold notes, G s.l89s M & N 84 b. 70 Mar. 89 Juno
9 b Feb. 101 Sept.
General consol., 1st, 5 a ..1937 M Sc N 103%
Chic. & N. Pac., 1st, 5 g.1940 A & O r 50% 137 Jaa. 151 %Sept.
77 Mar. 108% Sept.
Chicago & E r ie —1st., 5 g.1982 M Sc N 108*4
Seat. L. S. & E., lat, gmb. 1931 F & A 1 50
30 b. 14% Mar. 34 Aug.
t38 Jam I 50% Sopt.
Income, 5 s .........................1982 Got.
30 Mar. 41 May
90 J une 96% June No. Paeitlc Js Mont.—6 g .. 193 M «fc S t 39
Ctiic.GttS L. &C.—le t, 5 g .. 1937 J & J 93*4
0:iio.Mil.<fr6t.f\—Com / a. 1905 J A J 127 V>. 125 Feb. 129% June No. PaoitlcTer. Co.—6 g .,.1 9 3 - J & J 101%b. 96 Jan. 106 JuLy
1 st,Southwest Div., Os.. 1909 J & J 117 b. 114% Mar. 119% J une Ohio & Miss.—Con. s. f., 7 3 .1 8 9 -J & J 105 %b. 106 Aug. 108% Juue
I16%b. 115 Mar. 119 June Ohio Southern—1st, 6 g ... 1921 J & D 92
81 May 96 Jam
l e t , 8o. Miirn. Div ,0 a ... 1910 J Sc
General mortgage, 4 g ... 192 1 M h N 35
l i b b. 109% Feb. 116 June
29% May 52% Aer.
lst,Ch.«fe Pac.W.Div.,5a. 1921 J Sc
108 b. 104 Feb. 110 Aug. OregonIinpr. Co.—1st, 6 g. 1910 J <& D 96 b. 95 June 100% Mar.
Chic. & Mo. Illv. D iv.,5a. 192b I
C o u so l.,o g ...................... 1939 A & O 47
lil% b . 107% Jan. 111% Juue
44 May 55 Mar,
Wise. «fe Minn., Div., 5 g.1921 J
112 b. 108% Feb. 112 J une Ore. R.& Nav.Co.—l s t .b g . 1909 J & J 112 b. 106% Jan. 1123g June
Terminal, 5 g ................... 1914 J
Consol., 5 g ....................... 1925 J <& D 1101% t73 Jam 103 %Aug.
95 V ). 87 Feb. 36 *2 Aug.
Gen. M., 4-g., series A ... 1989 J
118
116 Jan. 120 Feb. Penn. Co.—4% g., coupon. 1 9 2 1 J & J 114 b. 109% Jam 116% June
Mil. & Nor.—1 st,com ,6s. 1913 J
Ohio. & N. W.—Consol.,7s. 1915 Q—F 140 %b. 138 May 143% Jam Peo. Deo. & Evansv. —6 g. 192o J & J 103 b. 92 Feb. 103 May
Evansv. Division, 6 g ... 1920 M & S 100 b. 93 Mar. 103% Ju ly
Coupon,gold, 7s ............. 1902 J * D 122 1*2b. 11933 June 123% Feb.
2d mortgage, 5 g....... ...... 1926 M & N 1 36 b. 25 Feb.
36 Aug
Sinking fund, 6 b............... 1929 A & O 117 b. 114 June 120 Jam
88%Sept.
Sinklugfum l, 5a...............1929 A & O 1 1 2 U 106% Apr. 112% Aug. Pliila. &> Read.—Gen., 4 g.1958 J <& J '•8%
67 Jam
1st pref. income, 5 g....... 1958 ............
39%
Sinking fund, deben., 5a. 1933 A1 Sc N *111 b. 105% May 112% Aug.
18% Mar. 40% Sept.
2d pref. income, 5 g ....... 1958 ............
25-year d eb en tu re,5 s... 1909 M * N 106 %b. 104% May 108 Jam
9 7s Mar. 25% Sept.
24%
3d pref. income, 5 g ....... 1958 ............
18
Extension, 48...................192b F * A n o 0 b. 98 %Mar. 103 July
6% Mar. 19 Sept.
J
&
J
Pittsburg
<
fc
Western—4
g.
1917
J
&
J
126
Jan.
130*2
87
7s
80
Apr. 88%Sept.
Ohio.R.I.<fePao.—6a„ ooup. 1917
131 June
Extension and cob, 5a... 1934 J & J 106% 100 Feb. 107% June HioGr, Western—1st, 4 g.1939 J & J 78
79% June
63 Jam
30-year d eb en tu re,5 s... 1921 A1 * g 98 b. 88 Mar. 100 Aug. St. Jo. & Gr. Island—6 g ..l9 2 5 M & N 65 b. 151 Feb. t 66 Aug.
Chic. 8t. P. M. <fc O.—6 s.... 1930 J & i> 130 a. 122 Feb. 129 May St. L. & San Fr.—6g.,01.B .190b M cfc N 118 b. 111% Apr. 118 Aug
6 g., Claes C.......................1906 M & N 118 b. 111 Mar. 118 Aug.
-Cleveland ifeCauto u.—58.. 1917 J * J * 90 b. 82 Feb. 94 May
General m ortgage, 6 g .. 1931 J & J 110%b. 102 Jam 112 June
C. C. C. <fc I.—Consol., 7 g. 1914 J & D *133 %b. 122 Jan. 133% July
Cons. guar. 4s, g ..............1990 A & O 55 b. 49 Mar. 56% Sept.
General consol., 6 g ........1934 J * J *12412 b. 119 Feb. 125 Sept.
O.C.C.&St.L.—Peo.&E., ‘48.1940 A * O 83 %b. 74 Mar. 34% July St. L. So. West.—1st, 4a, g.198:* M & N 81 b. 62 Jam
81% July
April.
2d
,4a,g., inoome . . . ----1939 J & J
17
Apr.
28
b.
40 a. 16*8 Jan.
Income, 4 s......................... 1990
28% July
40 78Sept.
Go). Coal & Iron.—b g ....... 1900 F & A 98 b. 92 May 100 Aug. 8t.P.M.<fcM.—D ak.Ex., 6 g. 19lu M & N 121% 115 May 123% June
IstconaoL, 6 g . ....... ........ 1933 J & J 122% 115% Mar. 123 Juno
Col. & 9th Avo. gu. 5s, g . .. 1993 M& S 112 b. 110% July 115% Aug.
44
reduced to 4 %g. J <fe J 105 b. 100% Jam 105% June
Ool n.Val.<feTol.—C on.,5g.l931 M & 3 93
86% Mar. 9 5 7s Aug.
J
*
D
Montana
E xtensiou, 4 g.1937 J & D 95 a. 84% Apr. 95*8 July
General, b g . . . .................. 1904
9b a. 88 Jan.
98 Apr.
D en v er* Rio Gr.—le t, 7 g. 1900 M& N l i b b. 112% May 116% Sept. 8anAnt.<fe A.P.—lst,4 g .,g u ./4 3 J & .1 6 4 78
52 Jam
68 June
le t consol., 4 g.................. 193b J * J 93 b. 79 Jan.
112 Jam 117 Jam
94% Sept. Sav. Fla. & West.—ls t ,b g .l9 3 l A & O
Dul. So. 8b. * Atl.—5 g .. .1937 J & J 100
90 Feb. 100 Aug. So. Car. & Ga.—1st, 5 g ....l 9 1 9 M & N 98 a. 95 May 98% Aug
Ft. W .& Denv. C ity —b g . 1921 J * D 74
65 Feb. 74% Sept. So. Pacific, Ariz.—6 g .. 1909-10 J & J
86 Mar. 101% June
GaLH.&8anAu.-M.*P.D.lst,5^ M * N 93%
90 May 94*4 July So. Paoiiio,Cal.—6 g . . . . 1905-12 A <fc O 116 b. 109% Jam 112 June
J
*
D
1 st consol., gold, 5 g ....... 1937 A & O 95
Gen. Electric, deb. 5a, g .. . 1922
90
87 Jan. 93% Jam
88 Feb.
95% Aug.
H ous.AT. Cent.,gen. 4 s ,g .1921 A * O 73%
61 Feb. 73% Sept, So. Pacific, N. M.—6 g ....... 1911 J & J 106 b. 99% Jam 110 Juue
Dlinoia Central.—4a, g __ 1953 M * N 104% b. 98 Jan. 105 Sept. Southern—1st cons, g., 5s. 1991 J <& J 96%
84% Jam
99% June
E. Tenn. reorg. lieu 4-5s. 1938 M A
Western Lines, 1st, 4s,g. 1951 F & A 102 b. 102% May 104*2 July
91%b. 79% Feb. j 93 %Allg.
Int.& G reatNor.—I s t ,6 g .l9 1 9 M A N 122 a. 117 Feb. 122 Aug.
E. T. V. <&G.—1st, 7 g . . . 1900 J %
111% I l l July 116 June
2d 4-5a................................ 1909 M * 8 82%
Con. 5 g ........................... 1956 M <fe N 110 b. 102% Feb. 110% Aug.
67 % Mar. 84% Aug.
Iowa Central.—1st, 5 g __ 193» J & D 94 b. 84% Mar. 95 Aug.
Georgia Pao. la t 5-bs, g. 1922 J & J 114 b. 107% Mar. 115 June
Kings Co. Kiev.—1st, 5 g .,1 9 2 5 5 A J 81 b. 68 Jan. 85 May
Knoxv. <fe Ohio 1st 6s, g.1926 J & J 114% 111% Mar. 116 Aug.
Laclede Gas.—le t., 5 g — 1919 Q - F
Rich. & Danv. con. 6s, g . 1915 J & J 12 l%b. 118 Jan. 122% June
97
90% Feb. 9 -i % J une
Labe E r ie * West.—5 g__ 1937 J A J 116% 112% Jan. 117% June
W est.N o.C ar.lstoon.6s,gl914 J & J 116 a. 109 Feb. 116% June
J l i b b. 115 Ju ly 118 Jam TenmC. I. &Ky. Ten. D., 1st,6 g A & O 92 b. 77 Jam
L.
Shore.—Con. op., le t, J7a.A1900
95 June
Consol, cou^.., 2d, 7a.......1903 .1 A D 123 b. 122 June 124% May
Birmingham D iv., 6 g . . . 1917 J & j
93 b. 78 Mar. 99 June
Lex. Av. * Pav. F. gu. 5s, g. 1993 M A S l l l i s a . 110% Juue 114 Aug. Texas & P acific- 1st, 5 g..2 0 0 u J & D 93 b. 83% Jam
94%*Sept.
Long Island.—1st con., 5 g. 1931 %—J 123 b. 117% Jan. 123% June
2 d, inoome, 5 g..................200o March 30%
21% Jam
32 Sopt.
ueueral mortgage, 4 g ..l9 3 « J A D 98 a. 95 May 102 Aug. Tol. Ann Ar. & N. M.—6 g .1 9 2 1 M & N t 84 b. 175 Mar. 187 Aug.
Lonia. & Nash.—Cons., 7a. 1898 A A O 109 %b. 107 Apr. 110% Mar. Toledo & Ohio Cent.—5 g.1935 J & J *110 b. 107% Feb. 112% Juue
N .O .& Mobile, la t, 6 g ..l9 3 o J & J 122 %b. 115% Feb. 122% Aug. Tol. St. L. & Kan. U.—6 g ..l9 1 b J <fe D \ 75
57 Feb. t7 5 Aug.
44
44
2d, 6 g .. 1930 J A J 108i2b. 103% Mar. 108 July UnionPaoific—6 g . . . ......1 8 9 8 J & J 107% 102% Mar. 107% Aug.
General, 6 g .......................1930 J A D 118 b. 114 Feb. 120 Juno
Ext. sinking fund. 8 ....... 1899 M & S
89 Mar. 101 % Aug.
99%
Unined, 4 g .................... 1940 J A J 84 b. 71% Mar. 85 Juue
Collateral trust, 4%....... 191» M & N t 50 a. \ 38 May 163 Aug.
Louie. N. A. * Ob.—Iat.,ba.l91u J A J 112 b. 106 Jan. 113% May
Gold 6s, 001. trust notes. 1894 F Sc A 98%
83 Feb. 98 *2Sept.
Consol., 6 g ........................1916 A A O 102%
Kam Pae.-Dem Div., 6 g.1899 M <fc N *110 b. 103% Mar. 111 iSept.
93 %Feb. 102% Sept.
Louie. St. L. & Texas.—6 g.1917 F A A
1st ooasoi., 6 g ..............1919 M & N 1 79%
55 Feb. 60 July
62 Feb. 80 Sept.
Manhattan oonaol. 4 b.........199< A A O
Oregon Short Line—6 g.. 1922 F & A 1104% 187% Jau. 104% Aug.
96 Jan. 102 Aug.
Metro. Elevated.—1st, 6 g.1908 J A J 120 b. 118% Jan. 123 J une
Or.S.L.&Ut’hN.—Oon.5g.1919 A <&O *159 b. 39 Feb. 160% Aug.
2d, 6a.................................. 1899 M A N 109 a. 106 May 109 Feb.
U.P.Dem&Galf.com, og.1939 J & D
43%
32 Feb. 46 %^opt*.
Mlcb. Cent.—1st. cons., 7a. 1902 M A N 122% 117 May 122% Sept. U. S. Cord.—1st col., 6 g ..l 9 2 4 J & J 50
35 %J une 64 Jam
Consol., 5a......................... 1902 M A N
Virginia
Mid.—Gen.M., 5 s. 1936 M Sc N 102 b. 91% Feb. 103 Juno
106% Juue 111 July
Mil. Lake 81i. * W.—1 at, b g. 1921 M A N 135
127% May 135 Aug. Wabash—1st, 5 g ................ 1939 M A N 108% 104% May 108% June
Ex ten. & Imp., 5 g.......... 1929 F A A *111 b. 109 Apr. 115 Jam
2d m ortgage, 5 g.............. 1939 F Sc A 80%
63% Feb.
81 Sept.
Minn.&St.L.—1st con.5s,g. 1934 M A N 104% 100 May 101% Sept. West. N .Y . JtPa.—1st, 5 g. 1937 J & J 109%b. 102% Jam 110 June
Mo. K. * E —la t 5e, g., gu. 1942 A A O * 94%b. 81 Jan. 95 J une
Gen. 2-3-4s, gold............ 1943 A Si O 50
45 % J une 50 Sept.
M.
K, * Texas.—le t, 4a, Jg. A
1990
D 90
79% Feb. 91*3 Aug. West. Urn Tel.—Col. tr. 5s. 1938 J Sc J *110 %b, 106 Jam 111% Jane
2d, 4e, g . . . . ........................1990 F A A | 68
44 Feb. 69% Sept, Wise. Cent. Co.—let, 5 g .. 1937 J Si J i 62%
44 Mar. tb 1*2 Sept.
N ote .—44b” indicates price bid; ‘a ” price asked; the range is made up from actual saLes only. * Latest price this week, t Trust receipts.

NEW YORK STOCK EXCHANGE PRICES—[Continued).—riYACT/F^ BONDS—SE P T E M B E R 6 .
SECURITIES.

R ailro ad Bonds.
(Stock Exchange Prices.)
Alabama Mid.—1st, g., gnar.,1928
A. T. 4 8 .P —3d, i s , Clans B .I989
Chicago <fc St. Lou. - l a t , (ia l9U>
•m . Mid. 1st, g .,b o ......... ...1 9 3 6
Atl. p us. -2d W. D„ gu. 68,. 1907
Western Division income. ..1910
B»i'
1•>■ a . pa ,i, « m i s

Bid.

Ask.

SECURITIES.

Bid. Ask.

SECURITIES.

Bid.

Balt. A Ohio -5 a , <old.............1925 *109M
Bad. Rock. & Pitta.—3en ., 58.1937
1 1 3 ^ Roeh. , P„ 1st, 6 s ................ 1921 123
dons, rnort., gold, 5k............1983
W. Va. A Fitts.—lat, g., 5s.. 1990
Roch. & P itts.—Cons, la t, 68.1922 121
B. <fe O. 8. W., 1st, g., 4% S...1990 *107
Bud. & Susqueli.—1st, 5s, g ..l 9 1 3
95
.........
Burl Ced. Rap. & No.—1st, 58.1906 lew 's
105
Ueut’lOhio Reor.—1st, IM S.1930 103*8
Consol. & collat. tru st,5 S ...1 9 3 4
Ak.»v Ch.Juuc.—lst,g,5s,gu ,1930 162
Minn1 & St. L.—1st, 7s, g u ..l9 2 7
79 3
Brooklyn E le c te d —2d. 5 s ...1915
Iow a C. & West.—1st, 7 s ___1909 103
5
88M Ced. Rap. I. P. A N ., 1st, 68.1920 ‘ 101
S easid e& B .B .—lst,g .5 s.g u .l9 4 2 V
122%
Brunsw k & W n —l„ t, g. tn, 1933 ......... .......
1st. 5 s ................................ 19211 *97

Ask,

97

THE CHRONICLE.

Septehbir 7, 1895.]

T15

(ilttH SUM h EXIHIANHE PRICES .—IN A C T IV E BONDS— rOontinuedJ— SE P T E M B E R 6
a fiu D a m M .

Bm.

ASK.

SECURITIES.

Bid.

Ash-

8KC0RITIH8

Bid.

Ask.

Norf.T W — kdiustm entM ., 7 sl9 2 4 .......
AP.M.— •*. Huron—1st, 5s911939 92
C.Ohlo—t oi ACiB.il.l8t,4% »,1939
Soulpm ent, os....................... 1908
*. > on A Pen.—1st g. 5s__ 1913
Cent. RfL a B.uk, -Col
9 -7
a
;
CUneh Val. 1st 5 s ................ 1957
.
.
.
.
.
.
97%
1st
eon.
tr.,
5
s
......................... 1943
CtonL »f 8 , j . —Conv. deb., 6 s .190-3
. ...... ,
60%
BoauokeASo.—1st, gu. 5s, g.192‘2
k . Worth A J L G .- lit e„ 5 s ..1928 5S
Centra! Pstoitte—Gold bds,&i, 1S95; 102
84
Scioto Val. A N. E.—Ist,4s..l9l>f
S a l. Har. A Ban Ant.—1st, 6 s. 1910
d o l l "V-da 6 s . . . . . . ____..I B 96 103
Ohio A Miss—Consol. 7 s ....... 1898 1051*
2d morn. 7 s.............................1905
Gold •muds, 6 s ....................... 1897 104
2d consol. 7s ......................... 1911 119%
Sao 'oauoia B r ,,6 s ..............1900 lu 7 ......... ! a. Car. A Nor.—1st, gu. os. c.1929
Spring.Div.—1st 7s...............1905
Grand Rap. A Ind.—Gen. 5 b. .1924
MorL gold 5 a ....... — .............1939 - ....
*45
96
.
.
.
.
General 5*.............
193'- . . . .
G. R W. A St. P .—1st. eon. 5s. >911
Land grant, 5 » ,g ..................1900:
6
OMo River RR.—1st, 5s......... 1936
2d Inc. 4 s ..................................1900
C il. k O Div., e x t-,* . 59. ..1 918
123*’
Gen, g.,5s . . . . ....................... 193'
. . . . H ousatooie—Cons. gold os.. ,.1937
V «K . PactAo—Bonds, 6a---- 1399 106
....... .......
OtU ib i A St. Louis.—1st. 4 s ..1937
N. Haven A Derby, Cons. 5«.. 1918 I U*9
No. -Ullwaj <Ca!.i—1 « , 6S.1907;
Oregon A Catitor.—1st, 5s, si. 192
86
Hous. AT. C.—Waco A N. 7 s..1903 130
SO-vear os...........- ................1933 93
1 s t g„ 5s (inn gtdj.................1937 II i
Ore*. R yA N av.-C ol.tr. g.-SsT ai*
Ches. ar O.—Par. M. fund, 09.1398 106% 108
Cons. g. 6s lint. gtrti............ 1912 M 091® i i o “ Penn-P.C.C.A3t.L.Cn.g.4tgsA 1940 113% iT T *
cratg Valley—1st, <■ , 5 s ---- 1940: . . . . . .
....
Do
do
Series B .......
113% . . . . .
Deiirut. 6s, prtn. A in*, ittd.1897 *<5 TOO
W .r a Spr. Tab, 1st. g, 5 s ..1941
P .C .A 8.L .-U t,o.,7s...............190
Debeat. 4s. prtn. A Int. trtd.1897 •SO
Che*. O. A so. West,—ls« 8#.*.1911 a ....
Pitts. Ft. W. A C.—1st, 7a...1912 u v r
DUnoiaCentral—1 s t . 4s ...1 9 5 1 111
SI, 6a...........................
1911 . . . .
104
2d, 7s ....................................1912 •138%
1051
l* t. gold, 3%*..........
Oh. V. -ijen.oOB.l9t.stu.jf.59.l939
3d, 7 s..................................... 1912 131 135
G o ld is
............................. 1 9 '2 103'
Cltctu-o A Alton—8. F., 6 - . . . . 1903 iVtix
Calm Bridge—i s . . . ............... 1950
Ofc.st. U AP.—l*t,eon .5s,g... 1932
L u u . A Mo. River—1st, 7S.1900: iu % . . . .
Clev. A P-—C ous.,s. fd., 76.1900 iTi** . . . . . .
Sprintrf. Div.—C oup. 6 s___1898 103
ad, 7 b.................................... 190" U l v . . . .
Middle D ir.—Reg., 5s...........1921 U 4N
Gen. m s , g„ “ A ..... . . . 1 9 4 2
8-, u Jaeka. A <3htc.-2d. 7* 1398' lo u
C. 8t. L. A N. O.—Ten. L, 7 s. 1897 103
8t. I..V .A T. H.- 1 s t , 6 a .,7 a .1897 • ioT Ml**.R. Bridge—1st,*. f „ 6 a .m 2 107%
1st, consol.,.7s......................1897 108
2d, 7s......................................1898
....
Ob 0- B art * Nor.—1st. 5»-----1920' 107
Sold, 5*. cou p on .................1951 121
2d, guar., 7s..........................1898 •1 0 7 ~
D-meEtureHs,. . . . . . . . . . . . . . . 1896
103
G d .R .A L E x t.-l3 t,m s,G .g .l9 4 1 '111
Me top. D ir., 1st g. 4 s ....... 1951
....
Oti s BarliOF. A 4-—5s. s. f .. 1901 107 108
Ced. Fail* A Minn.—1 st,7e.. 1907
Peo.AE.-IiHl-B.AW .-lsLpf.7s.1900
lo *» Div.—Sink, lan d , 5*.. 1919 109%
Ind. D. A 9pr.—1st 7s. ex. op. 1908
.....
Ohio lad.AW .—lstp ref.5 8 ..1 9 3 8
Slnkla fund, 4 s .................. 1910: It Ok ...
. . . . . led . Hi*. A fowa.—1st, g, 4s.. 1939 *83
Feorm A Pek. Onion—1st, 6s ,1921 •112
80
PU to. to...................................1921 . . . .
.. . 1 1 st,. xt . a. 5 s ............ .............1913
6b % . . . . .
0
2d tnortg., 4*-ss........................1921
Chicago A Iowa lHv.—5*. ..1905: 10>
I0IH
Pitta. Clove A Tol.—1st, 6 s ...1922
Cine, a tudiatiaCOat—1st ,*>*. 1:*.n *01
it. A G . S 'n ,—3d, *». a . . . . l» 2 l ( 31-Ti 3d
8j
Pitts. « L. ISr.—2d g. 5 s," A". 1928 . . . .
.....
Kings Co.- P.EL.lat.5,g.,gu. A. 1929
CU!. 4U. * 8 t.P .—1st,BS.F.U.1390 '•lo»%
Pitt.*. Me. K. A Y .- l* t 6*___ 1932
la k e Erie A West.—2d g „ 5 s. 1941 1--5'
1 7 3-IOs, P. 0 .................... 1808
i
Pi!IS. Paiasv. A F.—1st, 5 s...1 9 U !
98
8. A M 8 o u .-R .A E -New 7 s.’08 111)
1st, 7 b, « g„ ft. D....... ...........1903 12 i
....
Det. M. A T.—1st. 7 s............. 1906
P itts. Shea. A L. R,—lst,g..5a. 1940 83
85%
1st, L A a . , 7»...................... 1897 12*4
U t eousot. 3 » ... .................. .,1 9 4 3
l i t , I. A D „ 7 »....................... 1899 . . . . . . . . . . j ta k e Shore—D jv*. bonds, 7 a.1899
110
Pitts.
A
West
—
i
t
.
5
b
,
it
.1801-1941
K*i. All. A « . B --U tg u .5 s .1 9 3 8
l« t,C . A M .,7 * .....................1903
H tk
Pitts. V’gst'u&A.—1st, 5s,con.1027
1st, 1. A 0 . E x ten sio n ,7 * ...l:n jr 127% . . . .
...
1HA’S 104 , Rio Grande 90.—1st. g., 5 s ... 1940
DLL*
1919
115
. . . Bt. Joe. A Or. Is.—24 m o..........1025
l l U l a D .,7 * ......................1 0lo 128 127 A
"
Kan. C. A Ouiaba—1st, 5 s .. 1927
f
102^.,
11st. a . A 0 ., 5*......................1910
Uu-b.'. Car. A West.—1st da. g. 1910
8 l L. a . A T. H , - Perm. 5s. .1014 id s
i‘o T ‘
Oxleago A Paejtte D tv „ 8 * .,1 910 118 t20
Beltev.
A 8o. 111.—1st, 8s. i«SR> It 14 - -r»* «■
L m ls Rook A M. —1st, 5s. g .19 .7;
Mineral Point D ie .5*_____ 19Iu
Lotut Island—1st. 7 s ................ 1898:
Bellev. A Car.—1st, tis.........,19*23 100
O I L 8C(>. D ir.. 5 s..............1921 i t s
Perry, 1st,
*%»................1022.; 95
97
CM.8LD.MPad.—1 a!,gd.g. 5 s 1917 1 0 2
Pargo A South., 8», Awsu... 193*: U s
m
8L Louts Bo.—1st, gd. g. 4 s .1031
la e. two?. «iok. fund. 5*___twit, 104 tOh a ! Gold i s ................................ ...1 9 3 2
107
70
rmwi-l ,N. V. A tt'wsy B .- l« t .g .5 s .lU 2 7 :
do
2d income ,5 s .1931
Dacota A Gt, South., 5«___ 1916
Car. A 8hawL—1st g. 4 s ___1932
2d mortg., m o.....................1927 i ?7>i >3
MILA Nor, sawn line—6 a , . . l 9 l o ll« * i . . . Ii
U
2
r.
W3
104%
Bt. L. A 8. F .-2 d
el. A .1806 •118
S. V.A'Jat. lls a o b .- l* !. 7s. 1097 1
Cb'e- « N o r« . - 30-year ueo.SB.’ wa i ... . . .
99% io d
General 5 s ...........
1931
5 T .H .A H .R .-lstoott. „ , o. 1035 iO i t » .........
X* sanao* a L. «. 1st. 8 s ...,1 9 0 s j 107 j
1st, trust, gold, 5s................ 1987 84
De* M. a Mine.—1st, 7*___ 1907: U7<*
BrookPnAMoncaak—U t.6s.19111
1
dtdiaad—1st, 0 s .........lWOS,: l t 9
Kan.
City
A
8
.—1st,
6*.
S
...1
9
1
6
IsL
S»
....................
1911:
*
Peomsul* - Is,, eonv., 7*.. .1398
PL 8. A V. R. B e. - 1 s t , 6 i ... 1910 100
M«. »b«tre Ur.—1st ooti.5sj.g.l032 10»>» .........
la titis.lo a n s.* 8 1 1. -Coli.5*. 1939
Kitties* Midland—1st, 4s, .•1937
Caut. * Milwaukee—1«D7s.lw:*» tOS% HO
.in n
8 t I'.tu; City Ivy, c m . os, g , ., 1-37
Win. A 8 t. P.—24, 7*..............1907
la u is, A Stsafe,—© sell. 8 t. T f.. 19071
116
Mi.. * H ad.- 1 s t . 6 s ..............1905 112
1. U. A Nsab.— 1st tjs. »•_... 1919: I l l
0*11 —. t u a r .......... ...............1037
PeB^saowia DIAMton. 6«.........1920
st. Patti A Duluth—1st, 5s___1931 112%
OtL C. P. A 01. P. - 1 s t . 5*. twos- It 7
A m e n s HI.—1st, 5 s......... Halt- 07
BL U>uls Division, 1st, 6 s ... 19211 124
2d MumtltM* 5*....................... 1917 105
. . . 112
Mil, I.. B.A W .-to o .d e b ...*•». 19V .!
«t. P*u< M'luu A M.— 1st, 7 -.. 1009
2d. A*.....................................1980, t>'s
2d taorL, « * .... ......... .
It M bs. A !>.. ,.:-!f-ls!,76..10O O
1900 •120 12L78
M'k Im l« v „ 1st, 6a............. .192* i k i
Ashland Division- 1st. u . I »-j; 123
: H.
A ,N. At*............. 1010:
H innctp, Union—l o t ,6 * ...,1 9 2 *
Moist. O n u - 1st* guar.. 6b ..1937 , , , , , 119%
10-40, gold, Os.......................19-2*
C o-n .! ,.» P -* >. a •* K l>. 1 *: 4*. I
1st guar, g. 5*...................... 1937
....... -.1905
..................193'
1x4%
East, Miou., 1 st d ir. 1st S- lpw- •1 5
1 . . . I Fmm* A Ak~ U% On. g o ld ..
Util \E. . . .
AKtaxtaioa, 4a....... ......... .100,5; - .
W ltttia»*»louxP.—1st, g.fts.l'ds
K * iM t A Dwt -M.—1«S,5*..1»23 l6 t 1 . . . . IS *'*ni*u tm*%* ft** r . . . . . . . . i m i 1•to? ;
I,
8*i. Fran. A N. P.—i»L g.. 5* 1910 loO
Chie- 8t. P. a Mina,—l e t ,6 a ... 1Wit:* 3.% S4
tf go.. 5 « ,.493?!
:m
8<»>theru—Ala. O bqL, i*i tis.lt.t4e » Paai A 8, C-—la t ,6 a ....... lu lu ;’ t32<* j
1.
c « n r « i ' < t i | , i *»#??. ma s \
0 .Id. A W. tud.—1st. »„ f..b* t ile
im*.*..*!t
*.*%*
1940;
i■’ ? h '
* U . A Cbar —1st. prvt.. 7 s .. 1® 7 • id s ” '“ A "
i:
feaerai utvrtg.xe, 6* ------- 103* 1 1ii % | . •***•!
HMOtOB. 6*. . . . . . . . . . . . . . „ 1 9 0 0 H 4 ___
M C%siMrtr~d«*
: CbiuUL A tife e ti.—1st, 6*6S, 1916 •107
Cl, Hsu. A
*.{„ 7*. t:»o5:*Ik * **: . . . . I l*i cmo. lea n Uao, 7 t ....... ..lo lS j . . . . . . !
| Mk'tW'akD IVut.
—i,*», if.1.911
ad, gold, t%* .....................1 0 3 7 ' ------ | ,,
1*1.
4 V. *s •»* —D ins.5* 1030 n a
llti
;*»...•*
* IE, D. A sf't, - U l, gvi, N*. g, UHL 110 n i H l
1#4*
3*. «r...**.l9S0c 19 jL.S4M.A Rich A Dint.—K<(. ». (. g. 3s 1900 1H
Deb»-it. 5-. sta m p ed .........I .;* 1
Olav- 4K. ACoL“ E%,*2<itfs.I»3wi __
£utrf imMofiAJ - 1*t. i^g.,1942!
98%
C.L.C, an'.. U .t'.tr o .U t. -4a, tUWi __ _ i, ^
VlP* Mill—Penal -.r.A . <•*. lwo6
B&Mnum—I•!.«*»««, 19271 .* r.
—
e.xsHt-DI r .—lsbtwl,ls't4s,g. 1.U0U . . . .
Petle* ll, 6 a ....—. . . . . . . . . . 1011
95%
-id,, tm tm ih
*****.... *...*1917'
i—
■
•
St' is# C, i.;.*-.................... .. .. i 4j
: 24. iut*>wt% m , ** b **.......
RurlaM-ACOLlRk.—IsLjf. 4*. ls»40; ....... .
Wkliew VfLDttf.—lst,g 4... 10*o:
BtUtea D, 1 3» ...................... 1021 . . . . . .
Ma.'btgaa Ceotral—
....... I wow Il#%
Ote,W i ,- M . Dit..—1«t,*r, 4-. 1001: 83 :
Bettr* F. 5* ......................... l o s t
Ctm-po®,
------- -------- H<31 "4%$t*9
W > ) . . t IV.—1 *1 0Ul.gu. ls.i9 2 4 *eT ”53%
O il. I. Bt. L, A <X—1.*t.g..4,*, 193c . . . . iW V
Mortgage 4*___. . . . . . . . ____ .10*01' iwd
Tar. IUL A s'a o l 8L D —
• ifa>(.C,*mr*M. - l?4.3*,£.gu. 1089;
................
1920
<>n.e.sti. At .7. —Con. t sr.,g. 5s, 1 t*2-:
1*5, i s « . ................
1U3;* 109
j.MUUktM %L U— 1st. *, 7s»..*.*1927i U 4
C. CoS tSB. •« Ind.— l i t , Ts.s.f. Hint
U t. c m . *. 5».............. 1391- lit 11 100
=- ■ . . '.T -.........r>0't
liS f
Oaasoi. Sins. fund. 7* ........ 1014
W**&t t & % m i , 7 # .,*.e-.i^t05•* a.. ; ! i
SLL.-6er.tlr, farm ,g..*>»,gti..lU4o
I ii,..x -t : —l.»t.i ‘
1,7*. Ittol
:
Ext-~t*x*
. . . . . . . . 1 9 2 ]| 1,2oM . . . . . Tv to* A New CrKams—1st, i» ,19051
—
Cl f i e . l-'f.tiu A Mb. —l *?, .>a. liti..
Mi
SBbme Dlvisioa. 1b1 ,6 « ........ 1912, ic>9%
C lose a .9*4*. V.—**-■ <!, j*. . . 19:i- | 114%
i « o & ,*t-»r
; 87%;• ft7 V Cwttwi. 5s, K............................. 1U43; •03 . . . . . .
Del. *<•». .* * -H urt.
__ IgtiT 5 I ' m \L a..,
%m&zmm i 1||' A P-, 1«'4»4 » ,«».I&SH)\ 76
76% I f * . A Pa*:1,, I*. t>,—lo t. g. its, 1 eOvi|
•*- . . .
ra. Bing. A N .4 , —1st, 7*,1906 ’ * 2 i \ f ...*«| UmL. A Wue#-!*?:, 5#*
Third Avenue tN.Yt.—1st 5a, 1037*
122
89%
M erits * E ssex—is t , 7 s .. . . .191 4
Tot. A, A .A C a tl—t i - ....... ....18171
—iTtisi 54>..i017j
l i l a ■MiwMfcottn
- *-; ootidA. 7 s . . . . . . . . . . . ....... ..lw o o (’ * u i ■_. i I int ©oli.,
Toledo A. A, .v G'd Tr.—g. 6 - 1 9 2 1 1 - . . . a .
IS \ 76
* .......... ............ 1 W
IB Of 1 8 7 1 ...,.......... ..........IWOl 119%
To!. A. A, A Ml PL—L* ..........4919!
! St D A I. M,~JE*fc.Br..J«t,7*il893| *100 1
w - *:.. w » „ riter., 7 * ............ 1915 i: 140 :' b44 ; MuttUe A Dut«—l«t ext., bs...lH 27
To!. A, A. A » , M. —5s, g.........194s.
no
. Wsrrro 24, 7s . . . . . . . . . . . . i
u&%:i _,**, i 84. L, .%(',.*!ro—4:', wa,fcf___ 1931 *80 i
T.AG.C. -Katt.A M., M ort 4*.10901 82%
It *1L< «a. - Pa. ;i
p. 7s. HH7 ■
; .. . . . - .... MatlAO'i JLa . & T,—i » l 8 * .... 1929: ......■
Tttt-P.A >v.—1st 4s.ine.rd.ooti.JuJy *61
81%
A .* (,) A 6U.*'i —Is*, g,l.,7B 199*. « . . . . :
:
Ulster A D al.—1 st,con.,«.,*«. 192®
......
1st, 7».......... . ......................1918 i
at,eon s., gustr,, 6‘a. . . . . . Iwte, ■ a n
Union Pavitlo—1st. 6»_____ ..189b 107%
Nash. Chat, A tit. D —2d, 6 s ..1961 ' -PS.-TI i 112
.Re as, a Bar. isL cotil*., v* i pr i r i4 i* »
1st, 6*........
13071 10 7% ____
N* O, * . No.
“Fr. L,
114
D ear. Tramiway—t.ea s *ie. g .1 p it>
1st. 6*.......................................lsww 10;% . _ r_
N. y . Ceotrul. —I»©U. n. 4*....19i>.5 UtiS
Mettbpoi. By.—Istjtu , e im. I 011
Coilatera'
Truet,
6
s
..............1903
{ 100
ii Jt. J . June—Gllar. l*t. 4 * ...1 0 8 6 100
* R. ti. -ititp., g , 3s ., ip s e
Ooilamrai Trust, S*............... 1907; 78
Beeeb Creek—le t , so w , 4#..193ti •to^
.•ataw
DeCM. A M .- l . g
K*:i'a- PaoiUo—1st 6s, g . ,. 1*9.5 107
1.1911! t l 1 25 |i OAW. A fciBMj—2<t, 5*. g-.gu.19l5; I I I
tt u. uu* * I n * tsaag*:—1st 4*.1,1937
1037 i: 100%: a 02 ; Ultra * Hi. Kiy.—*a, g., ku.19221 lAfi f*
sOi
m
E rie—*sft, extended, 7*
50 , , T„m
: S T * P'tf - 1 s t . e.. 4*. gtt.1903* 104
.«18071 io?%
S i , sxtead eit, 5*...... ............ U* 1o 116 i .
•i7%
: ,T. y. LI.-vated —1 7* ..........
io;% i© 7»*; AteL. Col- A Pifcc,—U t , 8 s ...1905
21, M l s M , * %», .
45
Atoli.
J.
Co.
it
W.—lat,
8a*..1905
.*».
».
8
.
It.
A
U
.—1st,
r,*,4s.
10tt:'l
50
.U SSI! 100%
M i, extended, 5*...................1930 117 S .
A Cot —
, 5a. 1918
45
i s . Y. A NerMtern—la c k .5 a ..t 0 2 7 i
OroK.a. L.A U.N.,ool.tr»t.,58.1919
t 8 at, MtanOed, *«........
£01%: 103 l; N, Y. »tW4- A W f-t.-T d . *•**. 1937: 77
90
, 1st, eot...
I'd. «s ...
Utali A North.—1st, 7 e .... . 1900 iTT* '*2111
.1021-! 132 ;
Geo. tnorL, 5s. £................. 1040; m
92
Gold,
00
* Keurg,. U i lien,
...................1 9 2 8
Witk.A £ • « —l-*..'!'i..g.'is.l<u.'
.190*1
115
93
98
■n. a . V. * E. -1 s t. r»,
60 : .......
Utah South tint—Gen., 7 b ..1B09
,191b u s * .
:Nort»t-rb rats.—Divid'd *f-rtp ex t.
F ■ .y .L .K .A W .-P sd .to
E
xten.,
I
at,
7
b
....................1908
Jan., * River V ai.-TH . - H...1936 20
■ c o i. M,.»L, e*..............
Bt-fk ttte A Pas.- 1 s t , 6s....... 1936! 77
:Valley R'J Co, of 0 .—Con, 6»,1931
119
81 Paul A S . S'. -G rti., 08.. 192 I •121 122 j>Wabash—
h *■«*- * »Mon*. 6*___,xtwo*
m A *105 |
ieO ew is—tes, g t ,
: Detmnture, Ber. A .................1930
.19091 * tb $ i
H elenaA R edil’u—1»L«..6*.1»37
10
ftootw * R R .- 0 » . . ..................
Dniulh*,H»nll<>ba—L*i.,g.a»l93S 77
.: Debenture, Series B ............ 1WJ9
33% 33%
.1 ..3 2 .
Dock A Inrpt-. tst Or, rur'cy.I
:t,„
i D el. * ch ic. Ext 1st. R*. c iy * o . . . . .
99
1
EbiLAHttn Dak.Dtv.—lapis. 1837 77
'.19x31
- ii s* i, K CAN - Bt 0 BilgeS >100
E ,-*ns. A t,M .—lst,ro o s.,6 * ...1021
IV2 1
......
Cffiiir d'Alene—1 st,6s, gold. 1 M1 n
t At, ,-ett* r»i, Sb „ ___
. iWesI N .V .k P.t.,geu.g. 3 -j-ts 1043 T>%
Don. l*t,K.. tie.....................193Mt, V» » .) t,'t1.j»t«* ..............
20
20%
... ,T..1
.: : Iui*> s;'■ I * ,....,- - ................1 0 4 3
C«nt.W a»nm gPit.-lst,*..«*.1938
Sol. Cb. h r l i t , gn .V,......... .10001
NurtWk * eim ta'n—1st, as.g.1941 102
.1 * W4. V». C. A Title —1 s t .6a. 101 1
Sean*. A tadian.—1st, emts , ,192b;(
10T *
I
.vorfbi k A We*t —t«*mer*l,t.» .1931: 121
.: W lu ei.A D K .~ lst- S». g o ld ... 1821 105
.2%
f lin t A P . M»r¥,—B o n ,, Du AWMt\ U 7%: i 18
New River
1932:*
116 : t x tf sslitn A Imp. g., 5 s ... . 19! 0
• »*.
*.
1 * A i:
w*. * »nt >•
•••_______ '*'■
2 i_
F.

• » B im t .f(iti*i: th ,*e are tea latent quotatlotu made tui* woeK, Tor *11* st Li

111 Collated It

8*a 3d page preoedlug,®

THE CHRONICLE.

41(5

L atest Gi'oss E a rn in g s.

In v e s tm e n t

Roads

AND

Itailvoad intelligence.
RAILROAD

EARNINGS.

The following table shows the gross earnings o f United
States railroads (and also a few Mexican and Canadian roads)
f , , r the latest period reported. The statement includes every
steam 'oad lrom which regular weekly or monthly returns
can he untamed. The- hist two columns of figures give the
gross earnings for the latest week or mouth, and the last two
col jmns the earnings for the calendar year from January t to
and including such latest week or month.
The returns o f the street ra ilw a ys are n o t included in th is
table, but are brought together separately on a subsequent page.
L atest Gross E arn in g s.
R o a d s.

Week o r Mol

1895.

1 1894.

fVoL. LX1.

J a n . 1 to Latest Date.
1895.

|

1891.

80,*28
93,810
13,371
12,5141
Adirondack.......[J u n e........
309,978
294,478
39,514
Ala. M idland... J u ly .........
56,758
1,150,452
1,393.682
222,502 203.601
Allegheny Val.. J u ly .........
38,701
42,157
6,3 r
5.823!
Ark. M idland... J u n e .......
Ateh. T. Al 8. Fe. 3d wk Aug 506,440 563,125 17,221,864 16,671,078
St. L. A San F. 3d wk Aug 117,643 140,044 3,586.804 3,583,480
Atlantic dcPac 3*1 wk Aug
55,556
59,606 2,354,645 1.9 3,021
Agg. to ta l... 3d wk Aug 670,639 762,775 23,163.373 22,217.779
226,785
214,431
34,550
30,9-6
Atlanta W. P. J im e .........
349.922
321,377
Atlan. & Danv.. 4tli wk Aug
9,412
8,930
116,859
115,247
Austin & N’west J u n o .........
19,704
24,039
B.&O.East Lines J illy.......... 1,463,353 1.460,918 9,459, '84 9,051,529
Western Lines July
455,725, 365,328 2,997,217 2,456,928
T otal......... July
1,919.078 1,826,246 12,457,101 11,508,457
Bal.AO. Sou’w 4 th wkAug 197,160; 206.722 4,088,458 3,988,484
144,853
361,437
Bangor&Aroost. J une
23,245
54.^46
10,757
9,447
Bath A liam ’udh June
1,553
1,691
12.415
Blr. <feA tlantic.. July.
9.806
1.513
1,703
Brooklyn E lev.. 4th wkAug
38,445! 1,421,(50 1,166,867
45,189
252,531
Brunsw’k&West J u n e .........
243,530
41,965
40.281
Buff. Booh. & Pitt 4th wkAug 107,098
95,540 1,982,116 1,65'V213
Bur. C.Rap.AN . 2d wk Aug
64,589 2,186.905 2,113,090
81,7-6
Camden & A ti.. J u ly.......... 150,853 139,614
514,127
4*4.147
Canadian P ad He 4th wkAug 538,001* 530.00U 10,760,777 11,310,930
Car.Midland.. J u ly ..
23,601
29,893
8,271
7,837
Cent, of Georgia May. .
342.618 340,195 1,861,978 2,137,880
Central of N .J .. J u ly ..
1,127,831 1.120,963 7.049,302 6,876,247
Central P ad tie. J u n e .
1,099,976! 1,155,050 5,869.694 6,021,805
Charlest’n&Sav. J u n e .
303,356
361.766
58.282
47,999
Cheraw.ADarl. J u n e .
52,839
40,589
4,265
-----7,023
Ches. & Ohio___ 4th wkAug 293,68 l\ 310,463 6,231,801 5,870.330
Ches.O.&So.W.. J u ly ..........
195,272 165,360 1,204,904 1,123,372
Chic. Bur. A No. J u ly .......... 132.9751 102.846
927,950
901,564
Chic. Bur. A Q.. J u ly.......... 2,518,791 2,456.595 16,392,700 17,616,734
Chic. A East. 1U 4th wkAug
90,335
99,4 30 2,380,696 2.086,363
Chicago <&Erie J u ly ..........
187,149' 158,533 1.350,3*5 1,234,124
Chic. Qt. West’ll 3d wk Aug
94,533
83,667 2,245,730 2,143,588
Chic.Mil.ASt.P. 4th wkAug 1,027,363, 587,667 17,492,506 17,950,601
Chlo.A N’thw ’n. J u ly .......... 2,643,541 2,208,1H8 15,704,697 16,174,988
Chie.Peo.ASt.L 4th wkAug
20,012!
21,063
600,32
491,228
Chio.R'fe I.A P .. A ugust__ 1.455,700 1,546,766 9,404,333 10,598,012
Chic.St.P.M.&o J u ly .......... 538,110' 408,046 3.431.763 3,950,144
Chic. <fe W. Mich 3d wk Aug
33,233 1,035,857
36,387
955,090
Choc. Okl. A Gif. March.......
74,912
56,421
240,702
165,732
Cin.Ga.& Ports. J u ly ..........
5,752
35,790
37,557
5,828
Cln.AKent. Sou. May...........
2,249
932
Cin.Jack.A Mac. 4 th wkAug
399,494
21,048
412.320
23.650
Cin.N.O. A T .P 2d wk Aug
65.000
52.000 2,133,00u 2,022,000
Ala.Gt. South. 2d wk Aug
26.001
795.000
21.000
861,000
N. Orl. & N. £ . 2d wk Aug
21,000
15,000
745.000
650.000
Ala. A Vicksb. 2d wk Aug
8,000
9.000
284.000
286.000
Vicks. Sh.<fcP 2d wk Aug
7.000
7,000
289,000
291.000
Erlanger Syst. 2d wk Aug 127,000 104,000 4,314,000 4,042,000
Cin. Ports. A V. Ju ly ..........
23,233
20,269
143,540
137,585
Clev.Akron&Co U h w k J’ne
438,591
23,924
20,960
426,027
Clev.Can. A So.. 3d wk Aug
16.720
415,984
16,2b8
346,576
Ol.Cin.Cb.&StL 3d wk Aug 276,037 266,206 8,601,238 7,641,620
Peo. A East’n. J u ly ..........
162,990 127,453 1,103,992
840,780
01. Lor. A Wheel 4th wkAug
53,9501
51,606
881,812
750,110
Col. Midlana__ 4thwkApr.
38,544
45,272
498,999
496,275
Col. H .V .& T oi August__ 257,335' 340.536 1,550.337 1,662,157
Col. Sand’y A H. 4th wkAug
38,639
465,*22
38.720
580.681
Colusa & Lake . June
1,000!
1,300
7,420
7,659
Crystal............... Juno
318!
753
3,083
5,035
OumbTd Valley. June
66.441
75,761
370,?73
351,801
Denv. A Rio Gr 4th wkAug 210,200! 20 J.,90u 4,478,691 4,106,931
Det.Lans’gANo. 3d wk Aug
22,252
25,009
707,893
648,599
Det. A Mackinac J u n e .........
44,411
23,534
187,040
131,804
Dulutho.S.AAti. 3d wb Aug
26.394,
40,525 1,137,823 1.054,549
Elgin.Jol.AEasi A u gu st__
96,402
87,146
707,919
652.298
Eureka Springs. J u n e .........
5.363
6,173
30,157
33,652
Evans. A lnd'plL- 4th wkAug
10,349
9,371
182,581
184.298
Evans. & Rich. 3d wb Aug
2,533'
2,360
67,130
03,9-17
Evansv. A T. H. 4th wkAug
35,087,
33,900
710.682
674,936
Fitchburg..........
672,495 588.536 4,073,944 3,764,464
Flint A P.Marq. 4th wkAug
71,400
68,654 1,640,620 1,591,401
Ft.W’thADen.C. J u n e .........
67,739
74,044
Ft. W. A Kio Gr. 3d wk Aug
4,246,
3,899
210,300
146,375
Gads. A Att. U. August___
867i
601
5.619
4,268
Georgia RR....... 3d wk Aug
22,390
20,220
722,112
761,501
Ga.Car’la A No July
44,403,
39,175
372,752
379,733
Geo. So. A F la .. J uly
75.520
75,197
462,030
498,028
Gr. Rap. A Inci. 3d wk Aug
43.441
40,788 1,302,886 1,172,849
Cin. R.AFt.W. 3d wk Aug
8,134
9,861
276,636
252,756
Traverse City. 3d w k A u g
846
1,025
28,343
31,688
Mus. G .R .& l !3d wk Aug
2,681
2,517
7b,773
63,956
Tot. all lines 3d wk Aug
55,105
54,191 1,684,637 1,521,249
Grand Trunk... iWkAug.31 407,368 388,712 11.462,441 11,476,463
Chic. A Gr. Tr. WkAug.24
61,475
51.441 1,739,653 i 1,753,609
Det.Gr. II.A M. WkAug.24
23,919
25,260
616,351
619,956
Great N orth'nBt.P. M. A M. August__ 1,186,069 1,086,101 7.607,245 6,353,217
1 East of Minn.. A ugust__
133,450, 139,317
794,996
648,640
Montana Cent. A u g u st.. , 116,690 137,930
981.583
978,608
Tot. system . A u gu st.. . . 1,436,209! 1,363,3 18 9,383,824 7,980,465
Gulf a Chicago. J u ly ..........
2,254
3,231
22,636
22,493
Hoos.Tun.AW4l. J u ly ..........
4,647,
4,515
28,260
22,843
Hous.E.&W.Tex 4th wkAug
11,619
9,142
349,071
248,690
HumesthiAShenlJuly...........i
7^000
8,065
52,900
63,980
Illinois Central. |J u ly .......... 1,486,903 1.212,118 10,715,891 9,729,443
lnd. Dec.&West.'ad wk Aug
9,2011 11,554
280,675
239,124

Week o r Mo

1895.

1894.

J a n . 1 to L atest L ate.
1895.

1894.

$
$
$
*
382,431
357,934
52,215
52,328
lnd. 111. A Iowa.! J u n e .........|
98.369
97.243
In.A Gt.North’n 4thwkAug
2,2 48,535 1,879,949
46,018 1,449,814 1.508,641
lln teroo. (Mex.)! WkAug.lT 1 36,263,
42,784,
39.435
Iowa Central.... 4th wk Aug
997.815 1,089,578
28,9241
3,037
3,628
22,258
iron R ailw ay... J u ly ..........
21,2721
265,952
36,377
510,474
Jack. T. A K. W. J u ly ..........
3,856
3.682
1 9 ,0 2 1]
19,410
Jam est’n A L. E. j u n e .........
10.764
12,336
285,9241
239.285
KanawhaAMidi 4thw kA ug
78.445 2,714.317 2,935,256
85,821
K.C.F.SeottAM. 3d w k A u g
606.573
15,627
16,575
K.C. Mem.A Rir.|3d wk Aug
626,028
25.439
17.577
141,534
172,688
Kan.C. N. W .... J u ly ..........
2,900
1,005
371
Kau.C.A Beat. [July...........
7,143
9,564
K.
C .Pitts.
G ..Aug
314,924
248,420
10,831
3d Awk
172.413
6,465
7,073
Kan.C. Sub. Belt 3d wk Aug
158,337
8,547
Keokuk A West. 3d wk Aug
220,109
230,274
12,218
6,280
6,150
L. Erie Ali.&So. J u ly ..........
38,127
44,350
L. Erie A West.. 4til wkAug 105,625 117,168 2,275,405 2 ,1 32,-36
28.517
Lehigh A Hud J u ly ..........
36.961
235,597
214,465
14.746
18,842
Lex’gfcon AEast. July
116,111
519,030 512,639 2,265,062 2,296,808
Long Island....... J u ly .........
21,072
Los. Ang. Term J u ly .........
104,035
98,546
14,168
Loui8.Ev.ASt.L. 4th wk Au
43,686
50.383
917,611
913.508
Louisv.ANashv. 4th wkAug 580,225 559,672 12,472,154 12,339,983
Louis. N.A.ACh. 4 th wkAug
95,770 2.027.057 1,784,006
98,907
Lou.St.L.&Tox. 3d wk Aug
9,149
254,275
258,447
8,379
6.860
5,105
Macon A Birm .. J uly
43,115
40,548
Manistique......... July
10,638
13,263
81.060
41,616
MemphisAChas. 2d wk Aug
20,729
21,657
649,140
728,311
{Mexican Cent.. 4tli wkAug 257,5*45 216,381 6,107,586 5,573,208
Mexican Inter’l. ,J u ly.......... 199,406 177,690 1.492.057 1,282,152
IMex. National 4thwkAug 113,247 118,313 2,844,765 2,753,132
Mex. Nortnern.. | j u n e .........
48,087
66.369
316,993
335,405
57,617
JMexican R’way WkAug. 17
63.435 2,121,129 2,006,909
Mexican So....... 2d wk Aug
7.830
3 1 1,656
299,313
7,981
Mmneap.A St.L. 4th wkAug
62.169 1,176,281 1,065,082
72.801
Mo. Kan. A Tex. 4 th wkAug 330,100 324,954 6,851,948 5,765,532
Mo.Pac.Alrou M •1th wkAug 796.000 736.000 14,027,612 13,b26,654
Central Br’ch. 4th wkAug
19.000
20,000
516,796
356,599
Total
4th wkAug 815.000 756.000 14,384,211 14,143,650
Mobile A Birm. 3d wk Aug
5,365
5.097
Mobile A Ohio. A ugust___ 249,383 233.320 2.096,217 2,031.896
Mont.AMex.Glf. J u n e .........
95.000
91,592
563,471
625,681
Nash.Ch. A St. L. J u ly ........... 375,565 350,674 2,611,698 2,b0 .*,213
Nevada Central. J u n e .........
2,343
13,724
2,381
13,217
N. Jersey A N . Y. J u n e .........
28,784
30,096
159,204
152,426
New Orl. A S o’n. J u ly ...........
5,325
54,245
42,947
5.781
N. Y. C. A H . R .. A ugust__ 4,081,745 3,894,468 2*5,059,261 26,690,912
N. Y. L. E. A W J u ly ........... 2,323,167 2,077,125 14.693,797 13,761,192
N .Y .Pa. A Ohio. J u n e ......... 579.362 451,850 3 131,797 2,552,623
N. Y. Ont. A W 4tli wkAug 131,915 130,404 2,396,341 2,495,612
N. Y.Susq.AW J u ly ........... 192,478 166,128 l,2bS,07O 1,055,847
Norf. ASouth’n February .
26,688
t 6,720
62,114
30,258
Norfolk A West 4th wkAug 189,379 207,303 5.9T0.27O 6,561,971
North’n Central J u ly .......... 505,766 499,918 3,542,196 3,197,065
North’n Pacific 3d wk Aug 419,506 378,671 9,65b,394 8,211,237
Oconee A West J u ly .........
2,053
2,680
17,641
13,554
Ohio R iver....... . 3d wk Au:
414,762
18.8^3
20,025
479,377
Ohio Riv.A Chas J u ly .........
99,359
10,430
13,757
92,040
Ohio Southern. 3d wk Aug
16,202
418,309
12,727
405,424
Omaha A St. L .. March.......
23,601
67,330
37,738
121,285
Oregon Imp. Co. June
274.874 309,353 1.570,993 1.809,224
Pacific M ail___ July.
316,002 284,853 2,607,103 2,246,291
Pennsylvania... J uly.
5,415,395 4,759.325 34,974,173 31,007,503
PeoriaDec.AEv 4th wkAug
35,012
587.820
28 029
548 658
Petersburg......... Ju ly..
316,114
44,236
51,818
320 823
Phila. A E r ie ... June .
376,938 343,698 1.850.739 1,697.943
Phila. A Read’g. Ju ly..
1,814,150 1,779,014 11,618,720 11 088,566
Coal A ir. Co... J u ly ........... 1.905.606 1,639.875 12,342,234 11.865,712
Totalboth Cos. J u ly .......... 3,719,756 3,418.889 23,96<»,954 22.954,278
Pitts. Mar. A Ch. J u ly ..........
23 815
2.759
3,063
18,196
Pitt.Shen.AL.E 3d wk Aug
12,952
15,106
250,739
372,015
Pittsb. A West-. 4th wkAug
49,021 1,094 076
57,238
856,275
Pitts. Cl. AT 01 4th wkAug
29,222
24,095
553.735
396 824
P itts. Pa. A F. 4th wkAug
13.015
14,266
1 9 2 ,9 7 .
224 031
Total system.. 4th wkAug 100.726
86.131 1,89b.940 l,4 6 y 402
Pitt. Young, a a . J u ly .........
191,704 112.753
567,455
887,557
Quinoy O.AK.C, J u ly .........
21,337
130,729
140 046
18.159
Rioh.Fr’ksb.AP. J u n e .......
78,192
66,164
363,840
375,756
Rich. A Petersb. J uly.........
31.801
29.493
197,492
196,815
Rio Gr. South’n 4th wkAut
14.493
15,045
Rio Gr.West’n .. 3d wk Aug
53,b00
38,800 1,397,872 1,218,958
8ag.Tusoola&H. J u ly ..
12,002
9,529
65,655
64,196
8ag.Val. A St. L. June .
7.140
6,568
41,996
4 1 .19'
St. L. A. AT. H. 3d wk Aug
25,400
26,330
800,360
796.644
8t.L.Ken’etA 8o. J u ly ..........
3,724
14.887
1,1*97
21.056
St.L.Soutliw’rn. 4th wkAug 129,6u0 138,500 2,995.687 2,614,537
8t.PaulADuTtb J u ly .......... 136,880 123,612
750.695
745.085
San Ant. A A. P J u ly ..
132.933 114.11 ll 1,017,064
795 463
S.Fran.AN.Pac. 3d wk Aug
19,550
17,117
496,952
501.479
Sav. Am. A Mon. 2d wk Aug
8,391
5.931:
253.253
271.126
8av.F 1a. A West. J u ly ........... 285,519 259,337 1,9-9,291 2,304,898
8her.Hnrev. A So 3d wk Aug
4,021
4,373
162,039
190,098
Silverton............ J u ly ..
8,000
20,184
6,878
24,062
80. Pacific Co.—
Gal.Har.AS.A J u n e ...
320.321 254,655 2,189.504 1,890.277
Louis’a West. June ...
73,010
451,494
60,126
542.551
Morgan’sLAT J u n e . ..
363,823 393,949 2,813.591 2 tb28,5G5
N.Y.T. A Mex. J une ...
15.289,
16.243
106,079
111.800
Tex. AN. Orl.. June ...
120,826'
91.583
734.795
803,849
Atlantio sys .b, Ju ly—
883,403 878 225 7 470 266 6 744 492
Pacitio system J u ly ........... 2,903,065 1 857,965 17,630 385 16,684,520
Total or all. J u ly ........... 3.786.468 2.736,190 25.100 651 23,429,012
Affiliated lines Ju ly---346,656 3b2,783 3,0i 0,961 2,597,566
Grand total. J u ly ....
4,136,124 3,101,973 28,101,612 26,026,578
So. Pac. of Cai J u n e .. .
803,084 671,566 4,773,654 4,521,340
So.Pao.of Ariz Juno ...
154,594 147,508 1,126,243
993,980
So.Pao.ofN.M J u n e ...
77,652
71,093
455.767
528,299
Northern Ry.. Juue ...
155,088 1S3.220
848,189 1,038,957
Southern R y ... 4th wkAug 530,337 515,172 11,379,288 11,243,203
8taten Lsl. R. T. J u n e .. .
135,296 127,827
462,617
505.800
Stony Cl. AOMt.. J u n e ...
4,514
12,892
4,998
12,065
Stut. A Ark. Riv. A p ril...
1,384
929
Summit Branch. J u ly ....
85,716
63,269
525,554
678,799
Lyk. Val. Coal J u ly ....
51,332
58.288
467,898
392 261
Tot’lboth OoV J u ly ....
137.048 121 557 1,071.06c
993 452
Texas A Pacific. 4th wkAug 162,461 196,963 3,916,553 3.916,586
Tox.S.ValAN W J u ly ...........
2.050
2.731
22,142
23,205
rol.A.A.ANo.M, A ugust___ 103,504
99,552
Tol.A Ohio Cent 4th wkAug
62 ,b l6
78,658 1,126,009 1,081,659
rol. P. A W est.. 3d wk Aug
24 589
22.288
532.748
600,859
rol. St.L. A K.C 4th wkAug
56,439
46,454 1,134,481
981,930
Ulster A D e l— J une ...
37,345
38,394
168,666
174,896
Union Pacific—
Un. Pac. RR. J u n e .
1,188,052 1,202 995 6,414,013 6,633.282
Or.S.L. A U. N J u n e .
502,832 377.868 2,320,103 2,330,412
St.Jos.&Gd.Is. June 39.905
53,810
272,055.
403.493

Latest Gross E a rn in g s.

; N ee n o rM o

G u. V a e .- C o n . '
K ar..C .A O ui J u n e ..........
T C todt-J.A & .I 'S d w k A u g
C e n t e r ..........<• ttfc v fk A u g
f e b J°C A W \ J t m e ..........

1895.

1894,

*
3 9 52
1 6 ,7 6 5
19,00<j

*
8.3 6 9
Vj
20 006

1 6 -7 8 5

2t! 3 1 0

J a n . 1 to L atest B a tt,
1895.

1894.

*

*

P erio d a n d n u m b e r o f
1895
roads in c lu d e d .
$
M ay— 1 s t w e e k i-iO F d si. 6 .2 3 6 ,9 7 2
2 d w e ek ( 7 0 r ’d s ). 6 .2 1 1 .9 >o
3 d w e e k (77 r ’lls). 6 ,3 3 8 ,6 0 6
1 th w e e k ( 4 2 r ’d.H 9 ,4 5 3 ,3 7 4
J u n e —l e t w e e k (S2 r'd s l. 6 ,6 1 2 ,1 1 8
*■ 2 d w eek (31 r l l s i . 6 ,4 4 4 ,5 4 1
7 ,3 2 6 .7 9 9
3 d w e e k (78 r'dH). 6 ,4 6 2 .9 16
8 2 .4 1 4
“
4 th w eek (76 r'd m . 8 , 1 1 2 .9 3 5
8 6 2 ,8 8 3 J u l y - l s f w eek (73 r'd » ). 6 .1 9 S .3 5 9
5 3 0 ,1 8 8
•2 d w e ek {79 r ’daf. 6 ,1 5 9 ,0 7 9
147,682
3d w eek l i O r ’ds). 6 ,6 4 1 .9 3 5
“
4 th w e e k ( i t F d s ). 9 ,9 7 3 ,6 3 0
6 6 1 ,8 0 * A u e .—1 s t w eek (S3 f d m . 6 .9 9 5 ,9 9 9
1 ,8 1 0 .9 1 5
2d w e ek (81 r-ds). 0 .9 7 9 ,9 8 0
7 5 6 .3 5 4
•• 3d w eek (31 r'«s). 7 ,2 7 1 ,3 2 9
•* 4 th w e ek (11 E d s). 7 ,7 6 3 ,7 1 1
4 1 .1 2 2

* F urore? g iv e n do n o t in c lu d e O re g o n R y. * S a y .. U n. P a e . D e n v e r A
S ttlf. D e n v e r L e a d v tite A C re an iso u , M o n ta n a U r io n a n d L e a v e n w o r th
T o p e k a A S o u th w e s te r n .

a Them* fig u res in c lu d e re s u lts oo le a se d lin e r.
4 In c lu d e s e a rn in g * fro m f e rr ie s , e tc ., n o t g iv e n s e p a r a ’ .-'.y. : M e x i­
c an c u rre n c y . r I n c lu d e s o n ly h a lf o f lin e s l a w h ic h u n tf B P a c lrto h a s
a a lf I n t e r e s t

Latest tiro** Earnlags by Weeks.—The latest weekly earn
ingam the foregoing are separately summed up as follows:
For (he fourth week of August our preliminary statement
oov*is 14 roads, and shows3 6 i percent gain in the aggregate
over the same week last year.

6

9 .1 1 2
A t l a n t i c * D a n v ille . . . . .
1& 7,(»0
B a lt. * u a lo ttcm tfcw eat
4 f.!-y
B ro o k ly n E le v a te d -------107.- e s:
B uflale R ocb. & Pttt*b*g
638.0OU
C a n a d ia n P a c ific ...............
C hesaw aK ,- i t O h m ..........
2 9 3 .6 8 1 :
90,3 3 *
C h icag o A B a s t. Illin o is
C h icag o M hw . A S t, Paul: 1 .0 2 7 ,3 >3
2 0 . .1 2
C hic. P e o n * A » t. D ia l*
2 1 .0 * 8
G in. J a c k s o n A M ack in aw
3 3 ,9 5 0
C lev. L o rain A W lieet'it.,
3 e .« .i»
CoL S a n d u s k y A H e c k 'g .
2 1 0 ,2 0 0
D e n v e r A R io t i r a ls d e ...
E v a u se. A IiK haoajw U *
10.349
35,1-87:
E v a n sv , a T e rre H a u te .,
7 1 ,4 0 0
F lin t A P e te k l M M t t
U ral,.! T r a n k o f C a n a d a ,
io 7 .< * :H o u s t o n £ . A W. T ex as.
11,6 4 k
I n te r a ’) A O t. S o r t h 'n . , .
8 8 ,3 6 9
Io w a c e n t r a ! . . . . , . . _____
4 2 ,7 8 *
t U M M l M ich ig an .......
S 4.326
l a k e E rie A W e s te r n ___
1 0 5 ,625
Lnttlsv K vafi»«, A S t. L
3 0 ,3 8 1
L eulsvtU * A N aeav iU e..
880.3X 3
Louis« tie 8 . A, A Chic
98.007
M ex ican C e n t r a l...............
2 3 7 .6 9 8
M ex ic a n M atin s a t ------. . .
1 1 3 .447
78,801
M in n e a p o lis A m , L ouis
Mo. K a n sa s A T e x a s . . . . .
3 3 0 ,1 0 0 ;
Mo. P a c ific A Iro n M t___;
7«6,oO o'
C e n tra l B r a n c h »........ !
1 9 ,0 0 0
S . Y. O n ta rio A W e ste rn
1,11.915

Sorfotk A Western.-----

1 9 9 ,3 7 9

f t o n x D ee. A K r a a n r . ...
P l t t x t a K A W este rn -----R io G ra n d * S o u th e rn . , .
8 c Lou)* S o u th w e s te r n .
B u tttfiers R a ilw a y ...,___
T e x a s A P acific........ ..
T o led o A 0*1« C e n t r a l...
Tot. a t . L. A K an. C ity .,

2.8,o2i>:
1 0 0 .7 2 6 :
15,045
1 8 3 ,6 0 0
53*887

’gSfi
8 0 ,4 3 9

Wabash........................

u u ,'.; .

7 ,7 8 3 .7 4 1

T o ta l H 4 ro a rta i,____
» e i In e ty a s e I * -01 fg n f.

99.43 -

8 8 7 ,6 6 7 ;
2i.< 63
2 3 .8 5 0
Sl,6o«
3 9 ,7 2 0
2 0 4 ,9 0 0

9.371
3 3 ,9 0 0
#»,« 1 '

8 8 8 ,7 1 3 '
9 ,1 * 2
9 7 .2 1 3
3 9 ,4 8 5 ,
10,7 6 *
1 1 7 ,168
4 3 .6 8 6 ;
5 .9 .6 i f

# 5 .7 7 0
2 l« L 8 » t
U S .3 U
83,1601
3 2 4 .9 8 4

TAts.iiW'

a o .o o o
1 3 9 ,4 0 4
2 0 7 .3 « 3
3 8 .0 12
86.131
1 1.4»:»
m ,5 u 0 i
515,172!

i ju .m a

7 8 ,e 5 -:
4,6.154;
419 ,8 3 0 ;
4 2 ,9 8 0
134,0«1

4 8 4 .1 5 9
4 1 ,4 9 c

W h ee lin g * U»*e krl*- ..
W tse u u a la C e a t r a l . -------

8 ,9 3 0
2 0 6 ,7 2 1
3 ? ,tt5
9 5 ,5 4 0
§ 8 0 .0 0 0
31U .163

7 ,5 1 2 .4 6 7

lu re east. ; Deereae*.
482

8
8 ,5 8 2

" 6 ,7 4 4
1 1 ,5 5 8
8 ,9 0 0
139,606
2.344

"s io o
978
1,1*47;
2 .7 4 0
18.6 >6

16,770
9,0 8 5

” 1 .6 5 1
2 .6 0 2

81

2.*77:
1.126
3,2 9 9

l ATI,

” 6.(507:
2 0 .5 5 3
3,137
41.21 l

....
!
10 .0 53
A.U6
eo,ooo
"i,sYi
14,345

632’

15,165

11.515

5,0 6 4

1 .0 0 0

i f , 92*
6,983

" i ’,< m
ai’.soi

‘9 ,9 8 5

l6 .o 4 2
..............

*•:'!-

::::::::
..........

1 2 ,W«

112.4*>( “ l i K 130
2 7 1 ,2 7 t i
............ .

For tfcf third week of August our iinai statement covers
81 roade, and shows F47 per cent gain in the aggregate.
3 d tr a it o f A u g u s t.

1895.

f o r t y r e p o r t e d <89 r ’<l*i1

Brooklyn Elevated___

C h lc a g o A G r a n d T r u n a .

D e c D r. M av. a M liw .. ..
K fa n s v . A R ic h to o u il...... 1
(B in a a a D e c a tu r a A e a t. S t, J o s e p h A till, Is la n d .
8C Louse A lt. A T . B a u tf t f
8 s e k ra a i-isc o A >•>. P a e .:
T o le d o FfeoM a A I t e s p u . .

Tot. s t . L. A K an . 1 i t r . .
W est. .V. Y A |V s,n s ;!.W i*(:ui,.it, C e n t r a l __...

18 9 4 .

In c rea se .

f
»
i
0 .8 1 6 ,2 * 0 6 ,7 5 9 ,1 5 0
27,501
31,016;
6 1 ,4 7 5
5 1 .(1 1
2 3 ,919,
» ,a » o ;
2 . 4,13 :
2 ,4 6 0
9.2011
11,851
io .o iJ
1 6 ,7 b*
2 6 .3 3 0
25, HA*
1 7 ,U T
19.5 5 0
3 1 ,5 s *
2 2 ,2 4 0 '
4 » ,l» b
7 1 ,8 0 .
7 2 .3 0 0
1 0 3 .7 * 3
8 7 ,( 8 0

f
3 (o ,6 s (
3.51 *
1 0 ,0 3 (

7,2 7 1 3 2 9

3 4 2 ,7 6 -.
10-7,40!

7 ,1 6 5 ,9 2 3

M et Is c re a s e n - 1 7 p. e .i.

(7 3
..............

IH tr ta s r .
%
2 2 3 ,8 8 0
1,341
2,3 5 3
3 ,2 4 8
wm
2,4 3 3

2,301
3,1 7 4
500
15 .5 6 2
2 3 7 ,3 5 9

For the month of August 02 roads i.tli that have furnished
eUtcments (or the full month as yet) show aggregate results
as follow* :
M onth o f A u g u s t.

1895.

j

1804.

'

S
I
S
G ross e a rn in g s (62 ro a d s i 3 0 .8 8 4 ,9 5 5 (3 0 ,4 2 0 .4 2 0

It will be iron t___ ____„...... ......
amount of *1W,529, or 1-53 t«r cent.

X nerem e.
4 6 4 ,5 2 0

Net Earnings H onthlj to Lutes! Dates.—The taoi- < 1 lowing shows the net earnings reported this week, A full
detailed statement, including all roads from which month y
returns can be obtained, is given once a month u tn<- e
columns, and the latest statement o f this kind will he foui d
in the Chronicle of August 24, 1890. The next will appet r
in the xasue'of September 21, 1895.
G ross E a r n in g s .-----,,------ K el E a r n in g s .----1895.
1895.
ls # 4 .
1894.
Roads.
*
*
$
T l.o iO rte f.5 .9 4 7
A la b a m a M k lta n d .,.. J u ly
5 6 .7 5 4
3 9 ,5 1 4
2 1 6 ,4 3 8
A C T . A S . F e ___b ..J u ly 2 .0 8 2 .8 0 8 1.6 -6.732
2 ,0 0 6
J a n . 1 t o J u ly 3 1 . ..1 5 ,7 0 2 ,9 4 0 1 5 ,1 2 0 ,0 0 1 2 ,6 7 9 .5 2 1 2 ,2 5 0 ,6 8 8
1 6 8 ,1 8 2
S t, L. A S a n F r ,. b J illy
1 7 3 ,3 1 8
1 1 0 ,1 4 3
1 7 9 .4 2 4
J a n . 1 to J u ly 3 1 . . . . 3 ,2 3 5 ,8 9 2 3 ,1 9 3 .0 2 1 1,190.1 L6 1 ,0 6 3 ,0 » 3
13,053
A tla n tic A P .ie ,. b . J u l y
2 9 1 ,2 1 0
2 0 5 .7 7 9
4 0 .1 4 4
2 1 1 ,2 0 5
J a n . 1 to J u ly 3 1 . . . . 2 ,1 7 3 .9 4 1 l , 7 7 4 ,# t s
9 7 .6 7 7
3 9 9 ,7 7 9
A g g re g a te to t a l , b J u ly 2.8 .1.3 4 6 2 ,8 5 2 ,9 5 4
2 2 1 .8 7 4
J a n . 1 So J u ly 3 1 ....8 1 ,1 1 2 ,8 1 3 2 0 ,0 9 1 ,9 4 3 4 ,0 4 0 ,9 3 5 3 ,4 1 7 .4 5 8
B u 3 .lli« li.A P i n J u l y
2 9 1 .7 1 9
8 7 1 ,1 5 1
1 0 5 ,7 3 0
9 4 ,1 0 #
1 3 7 ,1 3 3
J a n , 1 to J u ly 31 . . . 1 ,7 0 7 ,4 3 0 1,3.-.1,039
3 3 0 .9 1 7
C lo. J a c k . A M ack. b . J u ly
5 \0 « 3
5 1 .1 5 6
1*2.082
10,190
3 5 ,6 1 4
J a n . 1 to J u ly 3 t . . .
3 3 1 .1 7 6
3 « 8 ,2 i9
5 8 ,7 1 6
2 0 1 ,1 4 6
1 3 5 .5 9 4
D e n . * R . a r a n O r .b . J u l y
6 4 3 ,5 8 9
4 3 8 .8 6 1
J a n . 1 to J u ly 3 1 . . . . 3 ,8 5 2 .8 8 1 3 ,4 9 1 ,1 3 1 1 ,6 1 6 .9 2 8 1,-277.504
K a u u w b a A W e l l.b ,.J u ly
3 6 .2 7 9
3 1 .13>
5 ,4 8 3
9,4 4 8
5 4 ,3 8 9
J a n . 1 to J u l y 3 1 . . .
2 4 8 .7 2 1
2 0 6 .0 1 2
4 5 .1 0 0
K an.C . M em. A B .a . J u l y
7 7 ,8 4 7
7 3 ,6 1
7 ,1 3 9
4.591
5 0 .7 8 7
6 6 .1 9 9
J a n . 1 t.. J u ly 31
5 5 6 ,5 1 2
5 7 2 .3 3 8
5 9 9 .0 1 5
L ouisv. A N **hv b. J u ly 1 .6 8 2 ,0 1 3 1 ,4 2 6 ,9 0 3
5 3 3 ,3 6 4
J a n . I to J u ly 3 1 . ,.,1 0 .7 7 2 .0 5 0 1 0 . 6 i 7 .3 t e 3 ,4 8 1 ,5 *8 3 ,7 6 9 ,3 3 9
M ex ic a n C e n t r a l.......J u ly
7 3 4 ,7 2 4
6333U
21 8 ,1 u5
*240,154
J a n , i to J u ly 3 1 , . . . 5 .3 3 4 ,6 3 0 1 .9 2 0 .7 6 2 2 ,1 9 7 .1 2 9 1 ,5 9 5 ,1 1 5
M ex. In te r n a tio n a l . J u ly
19U .-06
1 7 7 ,8 9 0
7 2 ,7 6 4
7 0 .7 2 0
J a n . 1 to J u ly 3 1 . . . . 1 .4 0 2 .0 5 7 1,*282.132
5 5 5 .9 1 8
5 9 7 .1 8 4
M.Y.L. E. A W e e fn .J u ly. '2.323,107
6 1 2 .7 1 7
.
.
. 2,077,12.4
* 5 9 9 ,4 8 6
J a n . 1 t o J u l y 31 — ,1 1 ,6 0 3 ,7 9 7 13,701,19*2 * 3 .7 2 7 ,3 3 ? * 3 ,5 4 1 ,2 7 9
O c t 1 to J u l y 31 ...2 1 .4 2 3 ,7 1 3 2 1 .2 7 J .l2 6 * 5 ,7 3 7 ,7 1 7 * 6 ,0 1 2 .9 3 2
8 . Y. O e t. A W r « t.a ..J td y
1 21.612
3 5 3 ,4 4 1
3 66.741
5 8 7 ,2 0 5
2 ,0 3 2 .4 0 0 2 ,1 1 6 ,7 1 1
P acific M all—
3 1 6 ,0 0 2
2 3 .5 * 6
.J u ly
2 1 1 ,8 5 3
9 ,6 15
2 ,6 0 7 ,(0 3 2 ,2 1 6 ,2 9 1
5 0 1,617
3 6 1 ,9 7 ?
M ay 1 t o J u ly 3 1 . . . . 1 ,1 3 7 .5 0 9 1 ,0 0 7 ,2 1 0
2 2 1 .2 6 4
2 1 7 .2 2 5
R !0 G ra n d e W<*#t.b..J«Uy
3 0 8 ,6 7 4
( 1 0 ,0 ( 9
7 0 ,1 3 8
4 1 ,7 1 3
J a n . 1 to J u ly 3 1 ___ 1 ,2 5 3 ,0 7 2 1 ,1 1 3 ,1 0 8
1 2 7 .1 5 5
3 1 4 ,8 2 3
9 1 .5 ( 3
8 1.139
3 > .0 2 2
19,831
S t. Loot* A lt- A f - H .b /n n e
J a u . 1 to J u n e 3 9 ___
02 ' . l S l
6 1 7 .0 ( 0
212.0,49
2 6 5 ,1 0 3
615,.406
J u l y 1 t o J u n e 3 0 . . . 1 ,4 5 0 ,0 5 5 1 ,3 5 8 ,0 (5
5 7 6 ,7 6 8
1 1 8 ,8 8 0
1 2 3 .6 1 3
S t.P a u l * r i u l u t t i b .1 u!>
3 0 .4 8 9
1 1 .0 7 6
745,0,85
163,431
2 0 1 ,6 7 3
J a n . 1 to J u ly 3 1 . . . .
7 5 0 ,6 0 5
83,0.12
20 5,619
2 4 9 ,3 3 7
8 1 .0 1 7
S a v . F la. k W H k k J u ly
6 1 7 ,0 1 0
Jan. 1 to July 31..., 1 ,9 8 0 ,2 9 1 2 ,3 0 4 ,8 4 8
7 4 0 ,5 1 7
S o u th e rn P a c ific —
8 7 8 .2 2 5
A tla n tic #y* b ...
J u ly
8 8 3 ,4 0 3
159,777
2 1 0 ,7 9 6
J a n , 1 to J u ly 31 . 7 ,1 7 0 , (8 6 6 ,7 1 1 .1 12 1,99 2 ,5 1 1 1,55 1,173
P a e lfic-ayatotn b . J u l y 2,9
.... 13,065 1.,8.4 .7 ,9 6 5 1 ,1 1 2 .0 3 0
6 3 1 ,7 9 0
J a u . 1 to J u ly 31 .1 7 ,6 3 0 ,3 8 5 1 6 ,6 8 1 .5 2 0 5 ,3 6 2 ,7 5 8 5 .6 0 3 ,0 6 4
T o ta l of a ll . . . b J u ly 3.79(5,1 4 2 ,7 3 6 ,1 9 9 1 ,2 7 2 ,6 8 6
8 1 2 ,5 8 6
J a n . 1 to J u l y 3 1 . .. .2 5 , (0 0 .6 5 1 2 1 .4 2 1,012 7 ,3 6 5 ,2 6 # 7 ,1 5 7 ,0 3 7
17,'H I
Afflilatml M ee a .il J u l y
3 4 6 ,6 5 6
3 0 2 ,7 8 3
6 2 ,8 13
3 6 1 ,6 9 9
57<M 30
J a n . I to J u ly 3 1 . . . . 3 .0 0 0 ,9 6 1 2 ,5 9 7 , Ml J
O ra a d T n t i l . b ........J u ly 4 ,1 3 6 .1 2 1 3 ,1 0 1 ,0 7 3 1 .2 9 3 ,3 2 9
0 3 8 ,3 9 9
J a n . 1 in jviiy*3 1 ....2 8 /1 0 1 .6 1 2 26',026>.578 7 ,9 3 5 .6 1 9 7 ,5 1 9 ,’l'3S
T oledo A O . O m b . . J u l y
1 7 7 ,9 8 1
1 6 9 ,8 8 8
6 2 ,5 0 3
0 2 ,2 7 6
•fan. 1 to J u ly 3 1 . . . .
9 4 9 ,0 1 0
0 1 5 ,7 9 1
2 1 7 .2 0 7
2 1 7 ,9 2 0
&**
g s

19 9 1 .

1895.

WEEKLY GSOSS E1R.NISO*.
•--------- C hanges ■------— .
Amount,
1891.
$
$
P. a .
2 4 1 ,2 6 2 In c .
5 ,0 9 ',7 n
4-03
3->6,868 l*io.
6 -0 2
5 ,9 3 5 .2 3 7
1 95,353 fuc.
5 ,4 4 5 ,2 5 3
8-41
5 7 2 .3 9 3 Xao. e-i5
8 .8 3 0 .4 3 1
60 - . 1 id la c . 10-13
6 ,0 <3,658
4 9 7 .3 9 3 tuo.
5 ,9 4 7 ,1 4 8
8 '3 d
4 6 1 ,0 1 ? r-iO.
5 ,9 7 3 ,2 9 8
8 *11
6 0 . . 2 8 4 luo. 8 ‘U
7 ,5 0 4 ,6 8 7
1 .3 3 1 ,2 7 1 1 ,8 6 7 .0 6 8 lo e . 4 3 - LI
1 ,9 5 5 ,6 9 1 l,5 u 3 348 In c . 3 0 3 1
3 5 5 .3 7 1 l a c .
5-U5
6 ,2 3 9 ,5 6 4
4 7 8 .0 .
4 lo o5-03
.
9 ,1 9 5 ,6 1 6
5 6 ,9 4 8 In c .
6 .9 3 0 ,0 5 1
0-82
6 ,9 1 0 ,3 6 0
6 9 ,0 2 0 lu o .
1 -0 1
105,10*: lu o .
7 ,1 6 5 .9 2 3
1-17
2 7 1 .2 7 1 In c .
3-61
7 ,5 1 2 ,4 6 7

3 1 ,6 5 9
6 5 .4 2 9
5 8 9 .1 8 I
3 9 ’.2 * 2
5 1 5 ,1 9 3
3 5 6 ,5 9
1 2 7 ,3 8 0
1 9 2 .4 7 2
9 ,8 6 1 ,5 8 2 1 0 ,7 5 3 .2 1 3

G f i to w ; ■< J u n e ..........1 ,8 5 8 ,5 4 0 1 .8 36.603
cr. P a e . U. x G -M w k J u lv
6 1 ,6 7 9
3 6 ,6 s* '
67.73974,0 * 1
F t. W’t b & I).C .!J»U »e..........
. . . . . I th w k A u g * 2 1 ,1 5 8 4 1 9 ,8 3 0 ! S ,0 1 6 ,1 7 5
I t* .,271
W aco A N o rth w - l a t t e ..........
12 ,0 9 2
1 5 ,(6 8
9 0 *,237
H eat J e r s e y ___ -J u ly ............ 2 0 0 ,5 2 3 1 '8 ,5 1 1
6-.i8.4u6
A .V .C eo.A P i t t ; - J u l y ............ 1 9 3 ,6 6 6 1 0 5 .8 * 7 .
1 17,270
32323
3 1 .2 5
W est V l t P itta . M a j ..........
233, 0,
W e s te rs of A l l . J u n e ..........
3 8 .3 8 1
3 i.9b-8
678
800
1 1 7 ,2 9 1
1-.-J.700
W e s t M ary lan d J u l y ...........
W esCM .Y. A P a J d w k A ug
7 2 .3 -0
7 1 ,?0>- 2 .O I0 5 6 3
Wheel. A L. Brb*:« h wk Aug 4 3 .4 9 3 . 42.966- 8 1 7 ,3 7 5
W U eon»m C e n t. I th w k A u g
1 4 1 ,2 5 7 132,061
1 5 ,0 1 2
W r > 't:> y ..v T « . J u l y ............
o ,7 5 0
7 .0 5 2

i t A Keen o f A ugust

The following will furnish a comparison of the weekly
for a series of weeks past.

re s u lts

Per Cent.
1-53

1 1

BiMkO*

417

THE CHRONICLE.

September ?, -S95.J

a J f* l« a rs 4 » c * h e r e g iv e n a r e a f t e r d e d u c tin g ta x e s .
h M et e a rn in g * b a r e g iv e n a r e b e fo re d e d u c tin g ta x e s .
* A fte r d e d u c tin g p ro p o r tio n d u e r o « la o p e r a te d o n a p e rc e n ta g e
h a -l* a n d ic.-: c lin g n>*ult» o f o p e ra tio n * of a u x ilia r y c o m p a n ie s , n e t
in J u ly . 1 8 9 4 , WM * 1 0 5 ,1 9 4 , a g a in s t 8377,67.1 in 1 8 9 1 ; fo r s e v e n
m o n th s en d ed J u l y 31 .*.',018,7 l. M a to s t f 1 ,9 (3 .3 1 5 . a n d fo r t e n
m on th * fro n t O c to b e r 1 to J u l y 31 ¥ i,6 9 0 .7 2 1 , a g a in s t 0 3 ,7 4 9 ,1 4 0 .

Interest Charges and Sarplus.—The following roada, in
Addition to their gross and net earnings given in the foregoing,
for interest, <5tc., with the surplus or dedci.
shove or below those charges.

4 I0Oreport charges

timid*.

D e n v e r A R io O F d e .J u ly
k' lUAwb i A M l« U ..-.J u iy
d s n . O. Siam . A B tr ..J n ly
8 t L e a ls A lt. A T ,H . J u n e
J a o . 1 to J a n e 3 1 . . .
J u ly 1 to June. 3 0 . .
T oledo A O hio C e n t.. J u ly

—In te r ' l, re n ta ls,
4A, dc.
<x.«, . —v r ■Bat. o f N e t E a r n s .~ .
1898,
1894.
1894.
18 9 5 .

*

1 7 9 ,3 4 8
1 0 ,176
13.871
129,164
(1 9 6 ,5 5 5
f *13,309
4 3 ,2 5 1

*

2 0 3 ,9 1 9
1 1 ,6 0 0
1 1 ,229
(2 7 ,8 0 0
(19.1,178
(1.12.733
3 5 ,211

*

$

1 1 5 ,0 3 8 d e f.6 8 ,3 1 5
d e f.4 .6 3 3 d a f. 1,552
(lof.9,280 (le f.4 ,0 9 1
1.538 d o f.8 ,1 6 0
4 1 ,8 8 6
0 8 ,8 t*
1 1 4 ,0 )5
{202 ,1 9 7
*27,125
*19,674

* In c lu d in g o th e r in c o m e re c e iv e d .
f T h e se c h a rg e * *r« s im p ly l o r ta x e s a n d r e n ta ls o f le a s e d line.) a n d
d o n ot In c lu d e b o n d In te re s t.

1 In c lu d in g s « ,8 60 re c e ip ts fro m in te r e s t a n d d iv id e n d s t o t a l
w a s * 2 0 9 ,0 5 7 .

net

THE CHRONICLE.

418

STREET RAILWAYS AND TRACTION COMPANIES
W e

have

been

v e ry

su c cessfu l

m o n th ly a n d w e e k ly re p o r ts o f
w a y s , a n d th e lis t o f ro a d s n o w
b e c o m e a v e ry e x te n d e d o n e.

ia

th e

our

e ffo rts

to

e a rn in g s o f

f u rn is h in g
F >r t h i s

such

re a so n

s tre e t

we have

con­

ro a d s a n d to b r in g th e m to g e th e r u n d e r a d is tio c t h e a d .
s re e t ra ilw a y s

fro m

w h 'c h

w e e k ly o r m o n th ly r e tu r n s .
th e

The

c o lu m n s

of

fig u re s

g iv e

th e

c a le n d a r y e a r

th e
fro m

a re

a b le

to

o b ta in

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

s a m 9 a s th a t fo r th e s te a m

w eek o r m ra th , a n d

we

th e

r o a d s —t h a t i s , t h e
g ro ss

la s t

e a rn in g s

tw o

c o lu m n s

Ja n u a ry

1 to a n d

fo r

firs t
th e

tw o
la te s t

th e e a rn in g s fo r
in c lu d in g

su cb

la te s t w eek o r m o n th .
STREET

E

R A IL W A Y S

AND

T R A C T IO N

Latest Gross E a rn in g s.

G ross
a r n in g s .

>| 1 8 9 5 .

12 4 $,4 8 4

C O M P A N IE S .
J a n . l to Latest Date.

1S94

1895.

$
1 8 ,9 3 9
1 4 .0 9 4
4 ,7 2 8
2 1 , 6 8 '.
5 3 ,5 6 1

$

B a l tim o r e T r a c t i o n . . .
7 -‘,6 5 0
1 4 ,2 0 3
B in g h a m to n 8 t. R y ... J u l y ........
1 9 7 .1 6 1
B r i d g e p o r t T r a c t i o n . 4 tli w k A t
1 0 ,7 9 1 4 5 ,8 * 2
2 7 ,2 9 9
B r o c k t o n C o n . S t. R x . J u l y ........
2 6 3 ,0 9 *
6 2 ,5 4
B r ’k ly n Q u e e n s & b u b J u n e ___
B r o o k ly i T r a c t i o n —
4 6 2 ,2 4 0
J u l y ..........
8 6 .5 5 ‘ 9 2 .5 1 4
A t l a n t i c A v e ........
79,82*2
25,43*7 2 6 ,9 4 B r o o k ly n B. & W . E . J u l y ..........
9 17,063
B u ffa lo R y ...................... J u l y .......... 1 5 4 .0 7 9 1 3 9 ,7 9 8
C h e s te r T r a c t i o n ____ J u l y ..........
2 4 ,8 9 1
5 4 ,1 3 1 5 6 ,5 3 7
4 3 1 ,9 2
C h ic . * 8 o S id e R. T . J u l y ..........
C m . N e w p o r t & Co y .. J u l y ..........
3 4 ,6 2 6
58,88:- 47,91
C ltiz e . s ', I d ia u a p * lis A p r i l ........ . 74,20*2 6 4 ,2 0 9
2 6 4 ,3 9 3
C itiz e n s* T r a e .,P i t t s b . J u l y ..........
5 3 ,. 91 4 9 ,0 7 5
C le v e la n d E l e c t r i c . . . J u n e ........ . 13* ,0 0 3 1 4 8 ,8 1 2
6 9 1 ,1 9 7
* 1 9 ,7 9 5
C o lu m b u s K R < G a.).. J u n e ........ .
* 5 ,0 2 7
4 ' 6 ,7 3 0
C o lu m b u s ttt. R v (O.) 4 th w k A u s 1 8 ,2 6 4 1 4 ,5 0 5
2 2 4 ,4 - 2
C o n e y I s la n d A B ’ly n J u l y .
4-1,856 4 7 , ‘4 2
D e n v e r Con. T ra m w . J u ly .
7 .7 5 1 6 8 ,9 6 4 0 « ,« 9 o
J u l y ............ 2 1.0 0 5 2 0 .4 4 9
D u l u t h S t. R y .
119 07
E l e c t r i c T r a c , P h i l a A u g u s t . — 2 5 0 ,0 5 3 1 6 0 ,0 5 3
2 ^ ,0 7
J u l y ..........
G a lv e s t o n C ity R y .
2 »*,2 t >0 1 2 2 ,8 6 6
H e s t o n v i l l e M. A F . . . A u g u s t . . .
4 3 ,9 0
2 1 ,0 0 8
3 1 9 ,« I t
J u l y ..........
H o o s ic k R y ..............
930
6 ,7 1 5
I n t e r s t a t e C o n -o l. o f
N o ith A ttle b o r o ... J u ly .
1 0 ,2 9 0 ..............
L e h ig h T r a c t i o n ........ J u l y .
6 6 *2*20
1 2 , 16
L o c k H a v e n T r a c tio n J u l y .
2 ,5 6 8
L o r a in S t. R y .............. . J u l y .
8 ,9 0 u
4 6 ,0 9 9
L o u is v ille R y ............
4 th w k A u g 28,-:", 8 2 3 ,6 5 7
8 0 s . 22
L o w e ll L a w . A H a v . . J u l y ............ 5 2 ,5 2 8 3 3 ,0 6 9
2 02,835
L y n n A P o s t o n .......... 4 th w k A u g 5 7 ,9 6 s 4 6 ,4 8 3
9 5 1 ,5 0 .
M o n tg o m e r y S t. R y
J u l y ............
4 .8 2 9
2 .9 1 3
2 7 ,9 1 2
M o n tr e a l S t r e e t R y ... A u g u s t ___ 1 0 9 .3 1 6 9 0 .2 0 2
N a s h v ill e S t. R y ........ M a y ............. 2 7 ,8 6 7 2 7 ,2 2 3
..............
N e w E n g l a n d S t.—
W i n c h e s te r A v e . . . J u l y ............ 3 0 ,6 5 0 2 9 ,3 5 5
1 2 7 ,8 3
P ly m 't l i A K in g s to n J u l y ............
4 ,2 79
4 ,5 4 9
1 6 ,0 4 2
T o t a l ........................ W k A u g 24
8 ,3 7 8
7,22N e w H a v e n 8 t. R y . . . A u g u s t ___ 2 3 ,* K* 1 6 ,4 9 4
1 3 1 ,0 5 7
N e w O n e a n s T r a c tio n J u l y .......... . 11 ,2 3 2 7 0 ,5 0 2
7 5 8 ,5 9 2
N e w to n 8 t. K y ............ J u n e .......... 1 0 ,6 4 8
8 ,9 5 7
N . Y . & H a r l e m .......... J u l y ............ 6 0 ,0 9 c ' 5 9 ,3 1 1
6 1 5 ,0 2 1
N o r t h a m p t o n S t. R y .
( M a s s .;..........................J u l y ............... 1 0 ,342
6 ,9 3 4
4 7 ,8 C0
P a t e r s o n R y .................... J u l y ............. 2 8 ,6 2 4 2 > .047
1 6 2 .2 1 6
P e o p l e ’s T r a c . ( P h ila .) A u g u s t ___ 2 0 3 ,9 2 1 1 2 8 ,7 2 4 1 ,3 6 9 , .8 5
P o ’k e e p s i - A W a p p F . J u l y ............ 1 0 ,0 3 5
5 0 ,7 4 7
R e a d ii g T r a c t i o n ........ J u l y .............. 2 0 ,3 8 6 1 9 ,9 7 1
9 y ,5 4 7
R o a n o k e S t r e e t ............J u l y .
3 ,6 2 4
3 ,6 5 8
R o c h e s t e r K y ............... J u l y .
8 0 , M2 3 6 6 ,1 0 5
4 8 8 ,0 9 0
S a v a n n a h E l e c t r i c ... M ay.
9 ,- 8 5
8 ,3 9 6
S c h u y lk ill V a l. T r a c .. J u l y .
5 ,5 4 4 814
B c r a L to u T r a c i o n , . . . J~u l’ y ............ 2 8 ,2 9 9 2 5 ,0 3 7
1 5 9 ,0 6 6
S y r a c u s e b t. K R .......... •J u l y ............ 2 5 ,3 9 9 1 7 ,7 0 4
1 2 ,8 8 3
T a u n t o n S t. R y . .
J u n e ........
7 ,5 7 1
3 4 ,3 8 8
T e r r e H a u t e E i ’c. R y . J u n e ........
1 2 ,8 5 7 1 0 ,9 7 5
6 0 ,8 1 7
T h i r d A v e . (N . Y.)
J u l y .......... 240,**88 2 0 3 ,4 4 4 1 ,5 1 3 ,4 9
T o r o n t o S t. R y .......... J u l y ..........
9 2 ,8 8 1 8 8 ,5 3 1
5 4 5 ,2 5 7
T w in C ity R a n . T r ^ n . J u l y .......... 1 7 6 ,6 i 6 190,.- 05 1 ,1 0 1,927
U n io n (N. B e d f o r d ) .. J u l y .......... . 2 1 ,9 3 0 2 1 ,7 0 6
1 1 0 ,7 5 1
U n io n K y . ( S a g in a w ). J u l y .......... . 1 4 ,8 3 7
7 4 ,3 8 1
U n io n R y . ( S a ra to g a ) J u n e ........ .
1 .5 7 5
2 .1 4 /
W a k e fie ld A s t o n e ___ J u l y .......... .
7 ,7 0 5
6 ,1 7 9
*29*9*2*1
W a te r b u r y T r a c t i o n . July___ „
2 2 .4 7 2 1 2 ,3 1 1
1 3 3 ,8 9 6
W e s t s h o r e (C o n n .) ,.. J u l y .
3 ,0 2 7
2 .2 8 2
W ilk e s b . & W y. V a lle y JJ u n e
3 9 ,6 .4 3 3 / 37
1 8 8 ,2 3 4
W ilm in g to n S t r e e t . . . J u l y .
3 ,8 4 4
3 ,9 s 3
W o r c e s t e r Co i s o l........IJ u l y .
4 2 ,5 7 3 3 6 ,6 8 9
239*217
r R o a d in p ro c e s s o f re c o n s tru c tio n .
S tr e e t R a ilw a y
th is w eek .

$
6 -*,2 9 2

7 6 ,0 5 4
1 * 9 ,4 7 1
2 5 6 ,6 3 4

w e p rin t e a c h

w eek, b u t once

a

w eek

a ll

th e

m > n th (o a th e th i r d

re tu rn s
o r th e

f u ll

s ta te m e n t

w ill

be

fo u n d

in

th e

t 'u e c o m p a r a t i v e t a o l e s o f

e a rn im rs , in c o m e a c c o u n t, e tc .,

for four y e a r s h a v e b e e n c o m p i l e d f o r t h s iH R O N IC JL t a s
below. In 1893-94 a n d 1894 93 t h e results iaclu l e t n e Mdw ausee &
y e a rs.

N o ith e m
•

R a ilw a y , n o t in c lu d e d in

td s

p re v io u s

O P E R A T IO N S .

1 8 9 3 -9 4 .
1 8 9 2 -9 3 .
1891 95.
1891 92.
M ile s o p e r . J u n e 3 0 .
6 ,1 4 8
5 ,7 2 4
6 ,1 6 9
5 ,7 2 i
E quipm en t *—
835
L o c o m o tiv e s ................
836
797
798
785
P a s s e n g e r e q u io m t .
776
73 S
684
F r e i g h t .v misiG. c a r s .
2 3 ,2 4 9
2 7 ,9 3 L
2 7 ,5 3 9
2 2 ,1 3 3
0 iterations—
7 /3 5 ,2 9 9
7 ,9 2 1 ,8 8 2
P a sse n g e r* c t r i e d .
9 , 2 '9 , 1 5 S
8 .0 2 6 ,9 0 6
P a s s . c a r i le d o n e i n . 2 4 4 .2 1 5 .8 8 3 3 , 13 3,3 <8 2 9 9 ,') 7 ,3 '6 2 7 0 ,8 1 7 ,6 8 3
R a t e p e r p a s s . p e r m , c '6 -6 <*ts.
2*16'* c t s .
2 * 3 6 7 o ts .
2 * 4 5 2 o ts .
F r e i g h t ( to n - ) c a r ’d . 1 0 , 4 7 >,942 1 0 , 7 ^ 4 , 5 3 1 2 ,2 6 1 .7 0 5 l i , 5 6 8 ,9 3 0
F r ’h t ( i o u s ) c a r . I m t 1 ,7 6 5 ,^ 4 5
2 ,0 7 ,8 6 »
2 .3 7 8 .4 '0
2 26 ,
R a te p e r to u p e r m . 1*075 c t s .
1*037 c t s .
1*026 e ta .
1*026 c t s .
* I c la d - s n a r r o w g a u g e e q u i p m e n t .
1 T h r e e c i p h e i s (ooO ) o m i t t e d .
e a r n in g s a n d e x p e n s e s .

T o t a l e a r n i n g s . . 2 ,3 3 5 ,3 6 9
Expenses—
M «»in.of w a v A s t r u c .
3 ,7 0 3 ,4 6 6
M ain o f r o l l i n g s t ’k.
2 ,0 3 5 .3 u 9
8 ,3 4 8 ,1 5 8
C o u d ’g t r a - i s p o r t u .
Z 9 3 .4 3 2
L oss a u d d a m a g e ..
G e « . o ffic e s, e i c . . . . .
9 6 6 ,9 5 5
1 3 ,x 2 0
M ile a g e o f c a r s .........
i a x e s ...............................
1 ,0 8 4 .7 0 0
4 2 1,1413
M is c e l la n e o u s ............

3 1 ,3 2 7 ,9 5 1

3 3 ,9 7 5 ,0 5 5

3 2 ,2 8 3 ,5 0 8 *

4 ,1 8 9 ,8 3 8
2 ,o 9 ,4 5 9
9 , i 2 1 ,0 2 7
4 1 4 , '7 1 ,0 0 2 ,2 8 )
2 1 7 ,i s l
1 ,1 9 9 ,0 7 7
4 6 2 ,2 8 3

1 2 ,4 8 3 ,1 0 8

2 1 ,8 1 5 ,0 0 4

T o t a l e x p e n s e s . . 1 7 ,0 4 3 ,7 5 3
N e t e a r n i u g s ............. 1 0 ,2 9 1 .6 1 6
P . c. o p . e i . t o e a r n s .
6 . *35

2 0 .1 1 4 .3 3 2
1 1 ,2 1 3 ,6 1 9

2 2 ,4 8 8 ,1 0 8
1 1 ,4 8 6 ,9 4 7
66 19

2 0 ,8 1 5 ,0 4
1 1 ,1 6 8 ,5 0 4 ,
64*48

18 3 -4 4 .
$
11,*> 13,619
1 0 0 ,6 3 4

1 8 9 2 -9 3 .
$
1 1 .4 8 6 ,9 4 7
1 * 2 ,1 4 0

1 3 9 1 -9 2 . .
$
1 1 ,4 x 8 ,5 0 4
2 1 7 .3 5 4

1 1 , 0 9 ,0 3 7

1 1 ,7 0 5 ,8 5 8

1 1 3 ,4 6 3
1 6 ,6 2 9

T o t a l n e i i n c o m e 1 0 ,4 2 6 ,2 u 3 1 1 ,3 1 4 ,3 0 3
Disbursem ents Iu tt r e ? t on d e b t ..
7 ,6 2 9 ,3 7 7
7 ,5 0 3 ,7 - 8
7 is c. o u pi e f . s t o c k
1,818,8< »2
1 ,8 0 9 ,2 1 3
4 p . c. o n c o m m o . .
1 ,3 3 0 ,8 1 8
1 ,8 3 8 ,3 0 7
M is c e l la n e o u s ............
...............
9 5 ,8 2 2

7 ,- 6 5 , 2 1 6
1 .7 5 1 ,3 5 7
1 ,8 3 6 , 3 " 6
2 1 ,4 7 0

7 ,1 6 1 ,^ 3 6
1 ,5 7 2 ,6 1 2
...............
112 414

7 8 ,2 1 8
5 2 7 .7 5

T o t a l d i s b u r s e ’t s 1 0 ,8 2 -* ,9 9 7
S u r p l u s ....................
d e f . 4 0 2 ,7 3 4

1 0 ,6 7 6 , 4 9
9 3 2 ,7 3 8

6 1 7 ,5 7 .

1 1 0 ,9 6 8
2 0 8 ,1 9 9
............

7 7 0 .7 3 1 4 8 .4 2 c
8 5 6 ,2 2 1
1 6 ,3 3 7

—

6 3 6 ,2 8 2
1 3 5 ,9 7 5
7 4 8 ,5 1 6
8 e ,9 4 1
4*26*4*4*9
1 4 0 .8 0 7
8 8 ,9 2 u
*4.V,556
,1 4 6 ,8 1
5 3 1 ,6 9 0
,1 2 4 ,5 3 8
9 7 ,1 0 8
1 9 ,2 0 9
7 7 ,8 5 0
167,851*
2*63*773

ro ad s—

re c e iv e d

th a t

S n u rThe

C h r o n ic l e

of

A u g u s t 24. T h e n e x t w ill a p p e a r in t h e is s u 9 o f S e p te m b e r 2 1 .

Kouds.
B ’k ly n Q u e e n s A S u b J u n e
J a n . 1 t o J u u e 3 0 ___
C h ic & S o S id e R. T J u l y
J a u . 1 to J u l y 3 1 . . . .
C o lu m b u s Bt. R y ___ A ug.
J a n . 1 to A ug. 3 1 . . .
R o c h e s t e r R a il w a y . . J u l y
■ B itJ e n . 1 to J u l y 3 1 ___

The remarks of President Miller will b e found at length on
another p a n e , furnishing fu 1 particulars concsrning the
p r o p e r l y a d the year’s operations.

1 8 9 1 -9 2 .
$
6 ,6 3 * ,1 3 7
2 3 ,2 4 1 .4 2 1
2 ,4 0 2 ,9 5 1

3 6 ,9 3 6
1 x 4 ,1 8 3
4 2 0 ,4 9 0
1 1 1 ,0 8 4

fo u rth

R a ilw a y .

1 8 9 2 -9 3 .
$
7 , 1 3 - , 5 61
2 4 ,3 9 3 ,8 1 9
2 ,4 4 > ,645

4 * 7 .0 7 0
2 6 7 ,6 7 3
2 3 5 ,9 1 0

d a y ) w e b tio g to g e th e r a ll th e r o a d s f u r n is h in g r e t u r n s .
la te s t

M ilw a u k e e & S t. P a u l

( R e p o r t f o r th e y e a r e n d in g J a n e 30, 1895. J

1 8 9 3 -9 4 .
$
7 ,3 1 1 ,6 -< 7
2 l , 5 5 i ,x 2 2
2,465,44*2

5 5 8 ,4 3 7
7 s ,7 3 4
8 6 6 ,9 6 4

I n r e p o r tin g th e s e n e t e a rn in g s f o r th e s tr e e t r a i l­
th e s te a m

R E P O R T S .

1 8 4 -b 5 .
E a r n i *»g* f r o m —
45
P a > s e u g e r s .......... . .
5 ,8 5 2 ,7 8 1
F r e i g h t ............ .............. 1 8 ,9 7 8 ,.6 3
M a il, e x p r e s s , & c . . .
2 ,5 *4,325

n e t e a r n in g s re c e iv e d

w a y s , w e a d o p t t h s s a m e p l a n a s th a - t f o r
t h a t is ,

1894.

N e t E a r n i n g s . — T h o f o ll o w i n g ta b le g iv e s

th e r e tu r n s o f s tr e e t ra ilw a y g ro s s a n d

C h ic a g o

ra il­

re tu rn s h as

f o ll o w i n g ta b le s h o w s t h e g ross e a r n i n g s f o r t h e l a t e s t p e r io d
a ll

A N N U A L

secu re

c lu d e d to s e p a r a te th e s tr e e t r a i lw a y s e n tir e ly f r o m th e s te a m

of

[V ol . LX1,

------Gross E a rn in g s .------w-----N et E a r m u z *.-----,
1
1 Wild
.
$
$
*
$
6 2 ,5 4 8
5 3 ,5 6 1
3 4 ,9 7 2
1 9 ,1 3 1
2 6 3 ,0 9 5
2 5 6 ,6 8 4
7 5 ,8 7 7
4 !,3 6 9
5 4 ,1 3 1
5 6 ,5 3 7
9 ,8 5 2
1< , 9 U
4 3 1 ,9 2 2
4 0 7 ,0 7 0
1 0 7 ,2 1 1
5 5 ,4 2 7
5 3 ,4 5 4
4 6 ,5 9 3
2 9 ,1 1 2
2 3 .4 8 7
4 0 6 ,7 3 0
3 6 1 ,9 3 6
2 0 5 ,1 8 6
1 8 7 ,i7 ,g
8 0 ,8 2 3
6 6 .1 0 5
3 7 ,7 0 7
2 9 ,6 2 6
4 8 8 ,0 9 0
4 2 0 ,4 4 9
1 8 9 ,8 6 3
1 7 2 ,4 9 1

6 1*2 1

INCOME ACCOUNT.
1 8 9 4 -9 5 .
Receipt*—
$
N ei e a r n i n g s ............. 1 0 ,2 9 1 ,6 1 6
O t h e r i n c o m e ............
1 3 4 ,6 4 7

g en er a l

1 1 , 2 4 7 /o p o
6 7 ,2 1 3

BALANCE SH E E T JU N E 3 0 .

18 H 5 .
Assets—
$
R o a d a n d e q u i p m e n t ..................... 2 1 1 ,1 6 8 ,0 3 7
B o n d s a d s t o c k s o w n e d ............
9 6 ,7 3 9
D ue fio m

a g e n ts , e tc

8 .8 4 o ,7 6 2
2 ,8 5 9 ,0 9 6 -

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

2 8 0 .1 1 4

D u e f r o m e o s a n d i n d i v id u a l s .
D u e f r o . ii U 8 G o v e r n m e n t . . .
M a te r ia ls a n d l u e l .........................
B o n d s "1 c o m -a n y o n h a n d . . .
S to c k o f c o m p a n y o n lia Q d . . .
wi). & N o th t- r u b o d s u n s o l d .
L o a n s a n d b ills r e c e i v a b l e .........
S in k in g f U L d s ...................................
Ca<-h .....................................................
M is c e l a n e o u s ...................................

9 0 6 ,1 4 6
2 7 1 ,4 9 2
1 ,7 4 3 ,< -1 4
3 ,5 2 9 ,0 0 0
4 ,7 7 0
1 ,0 8 9 .0 0 0
6 oo,*»oo
6 » 6 ,8 4 0
2 ,7 9 1 ,7 ,4
I 0 ,u 0 0

1894.
.•3
2 1 0 ,4 4 0 ,7 1 3
9 7 6 , <58
4 5 o ,2 6 9
4 4 1 ,7 2 6
5 .7 1 ,0 6 1
2 ,2 2 6 ,5 6 8
2 ,9 J l,* o * 0
4 .7 7 J
1 ,0 * 9 .0 0 9
8 2 i.OOO
5 5 1 ,9 0 7
3 ,6 7 6 ,5 3 6
10 , 09

1893.
$
1 9 5 ,2 2 3 , 2 3 4
7 , 1 7 3 , *93
3 2 4 ,5 6 8
3 3 2 ,5 9 3
2 5 8 ,4 2 0
2 ,6 3 1 ,6 6 6
7 .7 3 5 .0 0 0
4 .7 7 0
1 .0 8 9 .0
0
7 0 'i.OOO
4 6 4 ,4 6 0
2 ,6 o 2 ,3 i4

T o ^ a l a s s e t s ............................... 2 2 4 ,0 3 6 ,-> 7 6 2 2 3 ,8 7 4 ,7 5 8
L ia b i ities—
S to c k , c o m m o n .............................. 4 6 ,0 2 7 .2 6 1
4 6 .0 2 7 ,2 6 1
S lo c k , p r e f e r r e d ........................... 2 6 ,1 5 6 ,9 0 0
2 5 ,9 7 3 , 9 0 )
K u n d e u d e n t ........................................1 3 9 ,3 2 1 ,0 0 0 1 3 8 ,8 0 1 ," 0 0
S iu s in f u n d .......... ...........................
6 6 9 ,6 x 0
8 2 ,0 2 0
K o llli g b to e k f u n d .........................
2 t> 0 ,6 1 0
1 1 0 ,0 6 9
P a y - r o ila . v o u c h e r ^ , e ’ e .............
2 ,4 4 2 ,2 « 6
1 ,6 6 *,179
I n t e r e s t a c c r u e d n o t * iu e...................................... 3 ,5 8 23,2
,55x11 ,9 9 3
L o a n s a n d b il s p a y a b l e .............
1 ,0 0 ,* 00
M is c e lla n e o u s ....................................
97,0v)8
1 0 7 ,7w6
I n c o m e a c c o u n t ...........................
5 , 4 7 9 ,8 8 0
6 ,5 2 1 ,0 4 0

2 1 8 ,6 0 0 ,0 1 8

T o t i l l i a b i l i t i e s .....................2 2 4 ,0 3 6 ,5 7 6
— V. b l , p , 1 5 1 .

2 1 8 ,6 0 0 ,0 1 8

D e n v e r & R io

G ra n d e

2 2 3 ,8 7 4 ,7 5 8

4 6 0 2 7 ,2 6 1
2 5 ,7 6 7 ,9 0 0
1 3 0 ,8 0 5 ,5 0 0
5 8 ,6 6 0
2 ,6 6 5 ,1 5 0
3 ,4 1 7 ,2 23
3 ,2 4 0 ,0 JO
100,4*26
6 ,4 8 7 ,8 9 9

R a ilro a d .

( R e p o r t f o r th e y e a r e n d in g J u n e 30, 1895.J
T h e a n n u a l r e p o r t h a s o e .- n i s s u e d i n p a m j h l t f o r m f o r t h e
y e a r e n u in s t J u n e 3 ) , 1893.
T n e re m a n s a o f P r e s id e n t E . T.
J e f f e r y w ill b j fo u n d in f u ll, to g e th e r w ith v a lu a b le ta b le s , o n
s u o s e q a e n t p a g e s o f t h i s is s u e .
T h e f o llo w in g c o m p a r a ti v e s t a 'i s t i c s h a v e b e e n c o m o ile d f o r
th e C h r o n ic l e :
O PE R A T IO N S, ETC.

1 8 9 4 -5 5 . 1 8 9 3 - 9 4 , 1 8 9 2 - 9 3 . 1 8 9 1 - 9 2 .
M ile s o p e r a t e d ( a v e r a g e ) .........
1 ,6 5 7
1 ,6 5 4
1 ,6 4 6
1 ,6 4 0
Equipm ent —
L o c u m > tives ( s t.& u a r . g a u g e )
291
293
30)
303
2 ,5 6 2
F r e i g -t e a r s ( s t a n d a r d g a u g e )
2 ,5 1 2
2 ,5 1 3
2 ,5 2 8
F r e i hr, c a r s ( . a r r o w g tiig e ) ,.
4 ,4 3 1
4 ,1 3 1
4 ,4 9 3
4 ,5 6 3
P a s e u g e r c ir s (s ta u d g iu g e )
87
107
107
107
P a s s e a g e r o a r s ^o a r. g a u g e ) , . .
140
140
137
141
Operaho >s—
P a s s e u g e r s c a r r i e d ( n u m b e r ) . 5 1 3 ,3 0
4 3 8 /9 3
6 3 6 .8 3 9
5 8 3 ,8 3 3
F r e i g h t c a r r i e d ( to n s ) ................ 1 ,9 9 2 ,7 6 4 1 ,7 3 9 ,2 5 3 2 ,4 3 8 ,0 7 9 .,9 0 4 ,2 5 5
_______M

419

THE CHRONICLE.

Seftsmrer », 1893.1
EAR.StSGS AS» EXCESSES.
1394-95.
1893*91.

v X i t s a / ' om: ...........

* W . . c - r - ..............................1 ,1 ^ ,2 7 0
Ki*«dUb64>ti$
y l3 .n o :»

8 ,9 1 6 3 * 0
T .'.-.I •• vr; i 1*---S z p t'ts e t r -r ~
_
M ai,.te n a n t® o f w a y ........... S f ° .< « 2
5f-*it>!eu*ne«*>( e tr u e tu r e s 1 1 1 .1 3 /
M d a te n a o e *
3 9 9 ,3 1 0
C oo-Iaei s V
/A i-.ir-.it'n 2 ,1 - 4,703
Kup:-—, erp B tl-e* ..............
G e n e ra l expens-;-*........ ..
2»>3,*»5.

1S01-92.

13 3 2 -9 3 .
*
4 ,5 7 9 .1 9 1 6 ,5 6 9 ,5 -3
l . L T i . l 'S 1 .7 8 2 .4 2 7
9 6 5 .1 4 6
TTl.Srto"

6.0 1 7 .0 4 1

6 ,4 7 6 ,0 4 4

9 ,3 1 7 ,6 1 0

3 ,3 3 0 ,9 1 6

8 4 0 ,9 5 9
1 0 2 ,7 4 7
3 0 J ,* 2 1 5 .2 3 2 ,0 3 4
2 ,2 1 5 ,0 -1
l> ! ,7 3 r i
2 5 2 ,5 6 3

5 ,1 2 1 ,5 9 3

1 ,3 6 5 ,2 3 1
9 4 9 .6 7 0

GEN'f KAL BALAN'CH SHEET J 0 5 E 30.
1893.
189*.
1895.
$
6
$
Assete—
F ru u i-b ise a n d p r o p e r t y ................... 6S>, 1 7 6 ,2 2 6 68, ,757,139 6 9 ,2 1 8 ,3 6 0
3 ,0 7 3 ,' 00
3.,0 7 3 ,1 0 0
I u v e s tm e n ts h - o t h e r c o m p a n ie s . 3,,0 7 3 ,1 0 0
1 0 ,720
1 2 7 ,0 4 2
S3 l'-3
- a»h a t b a n k e rs ..................................
2 2 4 ,5 3 1
1 3 7 ,2 7 0
2 0 1 ,9 1 1
S to re s , fu e l, e tc ., o n h a n . l ..............
9 0 9 ,1 6 3
5 2 9 .9 3 9
8 4 5 ,3 0 1
S u n d ry /.c c o a u ts d u e c o m p a n y . ..
3 0 7 ,S51
f 2 7,934
5 9 7 ,0 1 6
T raffic an /G luts d u e c o m p a n y . . .
7 8 6 ,4 4 7
6 3 4 ,3 8 8
7 5 6 ,7 6 0
l./'iin a am i b ills r e c e i v a b l e ..............
1 2 ,2 5 0
1 2 ,2 5 1
1 2 ,2 5 0
M isceil iie o u s ..........
......................
4 0 8 .1 0 1
3 0 5 ,9 6 8
C ars u n d e r le a s e te a r tr u s t* ! ........ .

T o ta l a s - e t s .................................... 7 * . 0 o » ,f l 2 7 4 ,7 2 2 ,2 8 1 7 3 ,5 1 0 ,6 3 *
1 * ‘biU H ts—
C om m on stoe-v..................................... 5 8 ,1 1 3 ,9 8 3 38,113,<»S3 5 8 .1 1 3 ,9 8 3
6 ,- 0 0
8 ,0 0 0
6 ,0 00
P r e f e r re d s to c k .......................... ..........
T o la! o t p e n 'f - i .............3 ,9 9 1 ,2 1 2 3 ,4 7 2 ,5 5 1 5 ,2 8 1 ,0 3 4 5 ,1 2 1 ,5 9 3
5.600,0-<0
5 ,0 0 0 ,0 0 0
C onsol. ! « m o rt, .4 p . *•■ b o n d s .. .. , 5,60--,000
4 ,0 3 5 ,5 4 2 3 ,7 0 9 .3 5 3
S e c e a r,4 n .'* .......................... 2 , 2 5 ,0 1 3 2 ,3 0 3 ,4 9 3
6 ,5 0 0 ,0 0 0
7 .6 ->5.000
. 9 ,1 2 -,0 0 0
1 1 0 ,4 7 5
1 3 9 ,4 7 5
5 3 - .0
50 69
1 5 o ,o 0 t
f u te r o s t *!ue a n d a c c in e d .................
P e r c t .n f e x p e n s e ! w e a r n s
57*70
6 1-34
3 7 6 ,2 7 3
b‘ lV .*7ci
411,1 12
S u n d ry a c c o u n ts d un b y o o tn p n n c
JSCOWB 1CC0CXT.
2 7 4 .3 0 0
5 0 ,0 7 8
6 0 ,3 --*
Truffle a c e o u n t* d u e by c o m p a n y
1 2 9 ,1 7 6
1 * 1 ,3 9 *
1891-92. W asos for m o n tli *-f J a n e ................
1 8 9 2 -9 3 .
120.915
1834-95.
1393-94.
9 7 0 ,4 3 8
* 1 5 ,1 5 0
35.000
8
L en t s a i d bill* pa> util*-— ............
K eetiptr—
3
$
1.03.7561
5 4 ,9 1 4
3
.7
0
0
.3
5
3
5
4
.9
1
*
5
4
,9
1
1
2
,3
0
3
,4
9
3
lU l.tr. Val. KV. ro n .-'n f u n d .............
S e t ■‘.r ijiiic * ...,™ _______ 2,927'.O '.3
0 3 .5 5 0 Ihitseoelt A P a . RK. eona’n fnu-l ...
1 * 7 ,327
1 * 7 ,3 2 7
5 4 ,5 7 5
1 4 7 .3 2 7
1 0 ,8 0 0
O lB er ! •• o n e ........................
1 4 .0 0 0
109,101
.
3
0
5
,0
0
3
B.u. u n d e r e a r t r u s f a g rp e m e n ta ...
1 ,0 1 4 ,9 6 5
1 ,1 9 9 ,5 8 0
T o t a l ................................ 2 ,9 4 0 ,2 2 8 2 ,5 1 3 ,7 9 1
4 ,0 9 0 ,1 3 7 3 .1P7r2o.9
fit0 3a m i las.-...................................... . 1,0 2 $ ,] M»

I n te r e s t m i b o n d * .................1 ,9 9 7 ,9 5 0
- I s t a r e a t ,d l s e o a n t * n i e b .
M M

T»>.«< .! •! In* ir.»i •— .......

342,254

1 ,9 9 3 ,8 7 3 1 ,9 9 0 .6 7 5
,, 'W
_ .V „ -

3 4 ..../

3 ‘ - ■JT*

B eitr -e o fis.* ren ew al f<nt4 ......................................
Ilividei/d..* o n p r* f M o c k ....................
■■
7 7 ,7 2 0
M i»/> fio u eo ii.i' » n « m b »
7 0 .1 9 0

,
*

f a t a l ........................... 2 ~ m T «
5 2 8 ,6 9 0
Surplus*.................................
e a Lascf.

i

M l k t t 4 0 * 8 3 0 , 1995.

..................... 1 0 1 ,1 5 1 .2 1 6

1 . 125.0 71

■ ; ; ; ; .............................
an-! WPi-tt*!*...............

ImiltMuai*

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

i apauiftft ...

“ e c n ritl* • iu I f - u r l ----- -------

S p e c ia l re n e w a l fu n d .............
? ,.iT

1 2 2 ,0 5 9

2,42*6.130 3 .1 0 0 .9 2 6 2 3 5 *,7 3 3
87 .0 6 3
9 2 9 ,3 0 9
9 U .U I

184*5.
O o fH -M o s i/ l

1 ,9 9 6 .0 7 5
117,141
3 4 .M 17
2 40,0 0 0

1894.
1 0 1 ,1 4 8 ,5 3 2

lO M M S l"

f - i l 'R ?

ib u -S n

7 *••.» -

a i/w

2l^.>i0

»M !

. £:H'5?7

''i f i 'i 'S ?

1 * ? ! ! * '‘t l i

1 5 1 ,4 * 5

a . , u c o u i . f ............

1893.

43 ,047

155,1714

119.8

i'

1’ 7

33, -H i

*

13-

5 0 6 ,4 0 2

39 3 ,1 0

503,114-

.lo ir,0 0 0 ,4 9 6

1 0 9 .5 8 . ,0 * 5

109,1-9,1*34

C a p ita l aCoek, c o m m o n .............. 3 8 3 0 9 ,0 0 0
C a p ita ! acock, p r » - f * m - t........ 23.07*0,00*3
l » t m o rtg a g e b o c d « ,7 p e r c e n t 0.3912503
l * t e**na. m a tt. fo o d * . t p e rn * . 2 9 ,0 5 0 ,0 0 0
ImpC'iv it. * hntlrf.*, 5 p e r *;l, :8,li»3,.'--0
* 5 1 ,5 7 *
k w r a t t t t w a ------- ----------H V . 'H
V*"Belieca .................................... •
315,93*3
P a t- r o t . e t c . ........ ............
la ta n a p a y a b le . ................... .

39,*3**0,0* 0

8 4 ,0 0 1 ^ 0 0 0
3 3 ,0 5 0 ,0 0 0
0,392,5*30
* 4 ,4 3 5 ,0 0 0
0 ,0 5 0 ,0 0 0
4 4 7 ,4 4 3
1 5 3 ,810

T o t a l ------ --------- . . . . .

2,t.*.i'■*>>*** *
0 ,3 9 X 5 0 0
29 «.VJ,0*M
4 3 7 ,0*7
2/* ,’>M
325.42*1
50,0493

Blit- , a* **'■*•, ..... ....... ......

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

45,951
It) -.*‘"4
5 3 9 ,0 (3
32737*

1 1 >0

Trafflclt»'.»n® e*. ............ . . . . . .
A c cru ed ta te s e - t 0 t **-bd«. . . .
-Coupons*_______ ________ ______
« p 7 .0 * 7
M-M.ii* ,,.,, „ . . ^ # , ' 4 ,;*4
**?
»«4
1 * -., ImMpg e
.* -,f a- *eta
or* r »U U r h i • ..................... 2,170*.: *4
___ 1 0 9 3 0 0 ,1 9 9

4 25 ,180

1 0 0 ,0 0 0
1 0 8 ,2 3 7
«* .1.10,3
31 3 7 0

2,63'.1,00 5

2 ,6 5 5 ,3 0 8

!0 '* .5 9 2 .* i'7

1 0 0 ,4 9 1 ,1 0 4

- V . 6 1 , !*, 279.

T o ta l!i:l> n li|:-4 ........................... 7 4 ,9 8 9 ,5 1 3

1SO t-02.
477

a935,4.91
**V 3*

02fi,*747

1 .0 5 7 .4 1 4•

l,t:>*»*. 19.3

r a r t l e * ! 1 m il* *

1 0 ,0 3 5 ,7 1 0

3 » ,! l! 4 ,9 0 2

« O , 3 3 » , '0 2

3 7 .t U M i .0 9 5

M ra iM e rtt.
F r. iiiMt i'»rr'rf(ti*o»>

3 1 HI el* .
•.','*10.157
............... ...

I 6 3 » * t« .
2 .K 4 .1 8

t-7 » 7 r t* .
M
B * IW
...................

l-* 0 2 * ta.
2 ,0 9 5 ,7 0 0

p » „

C ie ta h i ( t , . f t .| ) *,*

J V * .J 3 - ,.i - .i 3 . 9 . 4 i* ,'! ! ,2 './* .4 i< - ■ : i

0*43. e ta .
*
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2,S «»- 31
12 ,P i t
3s.4-.-5

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9
i 7-i,l 40
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1"4 *,941
(M W

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9
7 2 5 ,471
2 ,4 1 9 ,7 1 7
(*> «.!. t
9 0 .5 4 $

0*0,411 cl*
8

T .,ta, ..................... 3,66;*, 11*
O tx rn tin ti Msp*****—
tlW'# I t * » # »
7 Wii f 9%
7»l
24(2*61
i fr ^ m %
1* n ,3 0 §
G e n e ra l e x p e n se * .
1 4 2 ,5 (9
107,1 6 1
T*JC * ..........................

3 .- 4 /.U 9

3 ,6 9 8 ,1 7 *

3 , .) / -,*17

“ 31,831
8 4 9 ,6 1-;
3 5 2 ,1 1 1
4 8 5 ,(6 *
1 1 5 .0 1 8
1A M H o
J0*V*42

7 6 2 ,0 3 3
7.J.-.U***
20*. H I
3 8 0 .2 3 2
1062*21
1 5 0 .3 2 9
1 0 1 ,281

-'.• a -:. U 2
1 ,0 2 6 ,7 0 1
72 0 2

2 ,7 3 2 ,5 U
990/ * >
7S*#7

51,461,m
90-1.S51
7 5 '3 7

i'n r i.m jit I*»*e»!,«er...................
F r .-ln fc t........................
59*ti,*ap.,r*'n.t.», A c.
Mi*. " U w o i i * ..........

T o l a L .. .. - * . ........
S e t earsf.B g*.____ ....
P e r e , » * p . to n r n .

K terti t t ~
>** < u * ,iur<
i m m m h Me...............

8 1 0 ,1 3 5
8.17,455
S 2 f ,8 f .f
4W .0.16
1 1 4 ,471
i
If-4,661

71*12
w m u M ACCoPSrr.
n m s ^
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' f
*
1.02'*i,7ii.t
7 5 ,6 0 0

1

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ft8S»,'»40

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1*184,608

9 #7,641

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5 M .w » )
5,27 4
11-1*1-31

M 9 /K 1
1M 70
J 8 2 .I 8 I

529.31;*

5 0 7 ,3 0 d

7 7 3 ,407
T o r s i ............. ..
l u i i n . e , , n r p h i t . „ . r 'l 8 S 0 ,3 9 4

7 -i.U H
4 (9 ,5 4 4

7 0 S .7 8 4
2 5 6 .8 S 3

T o ta i . . . . . . . . . .
l}Uh<».r*<sntnU l6trff*'4l «»*» U tfalKr
lu t. **, 1 .11* ■, m ,
te a r* * * . . . .. — . . .

190. i 1.1
2 0 7 ,0 1 9

fo rm fo r th e

1891-92,
1.917
*00
2 93
13,178

o p e r o h o it* —

3 ,4 0 4 ,7 7 1
.I.7 2 1.674
3 .9 3 1 .9 1« _ 3 ,8 2 8 .7 4 0
-1
t m m ’. I 3 li’ 17 i! -2 9 2 1 0 . 4 1 .(4 7 1 7 7 il 1 9 .0«5 1 7 0 0 0 1 ,0 6 7
2-.J-V7 e ta .
2 *! M at*,
1-877 o t a
2 - 1 * 6 **».
i: ,*>• | h r I***, p e rm ,
6.(124.051
7,1*38,397
5,411,0-1*
t-r v iit WH/st H u rt'S . 9.4 11. ’*67
1 * ‘,033
1,34 >,ft 10
1,0.17.795
Pi'nb'iw n** « t r . l at.* l . t o o . .*76
0 -7 0 5 e « ,
0 '6 S 3 e ta .
0*894'****.
I t» t e p e r t« n p e r m . . 0 721 a ta .
*
9
9
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K u r t'iiiy r —
3 ,5 0 1 ,0 7 3
3,3.-''
4,633
9,9
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,O
il
?,«>!» 2, «3 «
I '/ i . - e n c . i r .........
3 ,5 0 n ,0 0 -j
i*,61-'.598
7 ,6 3 6 ,4 0 2
! r- - u h ! ........................... 7 , -3 2 ,9 * 8
1 ,1 8 7 ,3 .4
1 ,0 1 *,223
1*4 9 ,5 *6
Ms It, e* p fe» * , A c . . 1,0.!*,398
T o t a l..................... ll.* 3 ! * .r 3 9
Kqgrtw —
Ma i s tatM Bee c f w a y . 1, (6 1 ,2 1 6
2 ,( 0 7 ,5 3 0
•4 >tlve >i*>«ter _____
#-*>,$ !7
M ionten'i a- - f i m p ..
3 ,8 3 0 ,7 (2
r r iim p m i4 ib i:i . . . .
239,5*85
-ie u * -r « i,...... ..............

1 7 ,5 3 1 ,1 (1

1 4 ,2 2 0 ,1 1 (

1 * 3 3 9 ,3 3 0

1.997,111
2,-- 2 9 ,509
1 ,0 4 9 ,1 5 3
1,1 HM1-.3
237.11 (

1 .0 3 4 ,7 0 4
2 ,9 3 2 ,9 2 8
1 ,1 0 1 ,0 0 3
4 . >00.1599
20.* .813

1,1*30,001
2 ,8 2 0 ,3 9 2
1 ,2 8 7 ,0 * 0
4 ,5 1 9 ,0 8 0
2 0 3 ,* 9 0

8 ,0 2 t.* ri i
3,O S«,909
71*51

9,98-1,390
2.721,0(19
7S-32

i?> o m ttie d ,
is* o « i

seco esr.

T o ta l ....................
v - t n a ra ls o * . . . . . . .
P. ■*. o p . a 4J1. t*> *s«n.

1 0 .0 0 7 .0 0 L. 10,8 52,528
3 ,5 5 8 ,0 . *
3 ,4 1 3 ,0 1 9
75-23
76-00

#

139**94.
9
7 ,7 2 1 ,0 0 9
1 i / i . l SO

9 ,2 1 3 ,9 (0
3 1 0 .0 9 0

1891-93.
$
3 ,8 5 8 ,8 0 *
33**,013

T o ta l.
IM u r —
r -ve*. . . .
.....
T i'k 4 &•*(»«■ re !i|» a
T raitic ,4*«*.e*p.,dte.

3 ,3 7 6 .3 9 0

l.liin .'* : •

3 .9 3 1 ,9 2 0

3 ,9 * 5 ,4 3 2

5 07,793
4.-0,107
3,9.911

*07,095
* 11.12*
5 3 ,0 1 0

*57.-1 «!l
470,18*
11,0 9

* 6 1 .5 1 0
* '* , 8 0 0
10,472

T e t-1 ....................
.tl-pa- a > to lo t.
Iniisr. « 9
! *‘j it
ro u t « l e * !»<1 lin e s

997.761
2 ,2 8 5 ,0 3 5

0 0 9 ,0 4 2
2 ,itfJ .3 > *

1*60321
2 ,9 7 5 ,6 0 1

2 ,7 1 l.7 ‘' l

3 ,6 7 1 ,1 2 5

The reowrlce *f Mr, tt.i.iue** P, Yowl* r, Prt~i<l« r t, wilt »>*The traffic and ewnings statistics, ofc,, have been com pi I*11

8 0 , 1S93, h a s
A s h le .- ', t h e
is - a e o t tlie

o r e a i T t o a e *st> s i s c i t r k so c t s .
ISO 2-93,
1593-9 (.
1801-95,
1,890
1,835
1,035
A t e r a s e m ile a g e ...
f quiftt/t* ill —
420
-119
*18
I. * >HI*-tIV*«
3*3
51“
3.21
I*...—e t/g e r e ija ip a r *
13,112
17,170
1 3 ,557
l ’r< in & te < i« ip ia'!. .

S t* York 0 . *rio A* Western | i

f o r t h e C nttO M * i.R a t f* lh>*> •:
o r« * » r* « i* a i » fir e * * , t *«* u s .
161*2-09.
1044-65.
tfrK M M ,
477
477
477
Ml'- < o p e r a te d ..........

7 3 ,5 1 0 ,6 8 *

( R e p o r t f o r t h e y e a r e n d i a n J u n e SO, 1 8 9 5 . J
T h e a n n u a l re p o rt fo r th - y e a r o a d iq g J a n e
t-i bee® i« -u e * l.
H i:- r e m a r k s o f M r , O . 0 .
i 'r c s i d e n t , w e r e g i v e n a t l e n g t h i a l i s t w e e d 's
I H R O S IC hE .
i b e i- tiu s d c s , c o m p ile d in th e m u a l c o m p le te
C H S fflja e te * a r e a s f o l l o w s :

( R e p o r t f o r th e y e a r m i t i n g J u r e' SO , 1 S 9 5 . )

found in fo il on an o th er p »k*'.

7 4 ,7 2 2 ,2 8 1

W a b a sh I t a ll ro a d .

,v< t *»r* l o e » .. . ........
In v 'lin 'ti-.r e o t' ».Ae.

l

2,8:19,512

2.95 9 .4 3 4

1 * 9 2 .9 3 .

B n ia u e e ______ d e f.5 * 2 ,to 7 d * f.071,7(11 » n r.8 * 7 ,5 6 0 » n r.3 0 l,4 7 8
2 1 0 ,0 7 0
2 1 0 ,0 0 0
M r , o n p n -f. d o b e n ..
.<!c.'.542,J'*; <lef.*-7 1 ,7 6 *

-n r 3 7 ,5 8 0

“iir.9 1 ,4 7 6

Ita t AJiCK -HIK1 -JfM t 30.
l« !5 .
1991.
18931892.
,t n r l t —
8
$
-7
?
*33 4 13,500 jri 1,1*3,500 1 3 3 , 0 1 .5 0 0 1 2 9 ,0 3 3 5 0 0
,
a 31037
98 v m
C O -.itO
6 (4 ,3 8 1
5130.971
i,v 9 J ,4 4 S
c , , ! i » u lia u r t,.___
1 .2 0 4 ,8 3 3
5 2 8 ,0 2 2
I U .V S 1
I M .J J *
:-uei>« not! b o M s ..
...
,».♦ - 5^4,.>3*1
h * ita rm e u i* .........
1 1 0 .0 -8
1 7 9 .1 7 0
2 1 2 ,6 5 0
431,30.1
P u t r h ’ ii/ jt-ou -rm n r1
,0
8 8 ,4 7 0
0
0
M
2
!
15*.' O t
5 71,741
A e eitts n U 0,1)lee *itiie>
*20,000
2 3 0 ,0 6 0
1 30,000
10.'.!»->
W. b»ah re 'g a ii l*a*'nt
2*
',3 5 0
50.9,299
1,1( mi.170
5 57,115 2
f ‘lvaf*t«» & IHlM-,-1.
3 8 0 ,3 5 7
J ,M l:.3 89
D eb. p te ttt a n d loss
T o le l.....................13#, 4 95,14* 137,315.*:78 1 3 7 ,0 * 5 ,7 * 0 133,7 2 2 ,1 1 5
L fa b itilu i -f ’n m u w u »t t c k
M>QO0,0 0 0 *Ji,ddC»,000 2 ^ ,0 0 0 ,0 0 0 2 8 ,0 0 0 ,0 0 0
2 i p H f.RlHh* H4,i>C30,Odi 2 1 , 0 0 0 , 0(10 2 1 ,0 0 0 .0 0 0
i ’ r e te r r e d
B o m i f c , ... . . . . 8 2 ,4 3 k* *00 S l.7 4 ^ ,0 0 0 Ht.vOO.OOil 78 3 0 0 ,0 0 0
9 74 ,m &
' *•- r'.j .
2 ,1 0 3 i2k&
1,8 07,10 7
11
I,
*ti tid ry ae-r t». p *^‘le 1,83
ae«ot4ul }>rtu r t*»
5 1 3 .6 3 1
J u ly }, i H - y ..* ___
2-51 ff Oft
3 L / f7 6 *
Ti% lm 4
.a , .
3
3
,2
3
7
2
5
.3
2
0
3 ,3 7 0
•'ostial account...
24 7 ,6 4 1
7 8 2 ,7 0 0
HiilA p a y a n iu ,. . . . . . .
1 4 6 .7 0 1
%t 4 ,3 0 1
Cr» flit p ro ftt k^#eT o ta l...................... 13-,3#r>,',M* 1 3 7 ,8 1 5 ,8 7 3 1 2 7 ,0 * 5 ,7 3 9 1 3 3 ,7 2 '2 ,H 3

THE CHRONICLE.

KO
G E N E R A L

IN V E S T M

E N T

N E W

S

American Hell Telephone. - In the Berliner patent suit
Counsel Browne for the Government on Tuesiay obtained
nermission from the United States Circuit Court at Boston to
appeal the case to the United States Supreme Court, lhe
first decision in this suit was iu favor of the Government.
The case was tak* n to 'he United States Circuit Court of Ap­
peals. %vhere the decision below was reverssd —V. 61. p. 26.
Central HR. & Hanking Company of Georgia.—Savannah
& W(stern R R —The foreclosure sale of the Central UK. ot
Georgia has been set for Oct. 7 and of the Savannah & West­
ern for Oct 6. A long list of securities, lease-hold lights, etc.,
held by the Central of Georgia, and by it pledged as security
for floating debt, is advertised (see New York S u n ) to be sold
at auction on Sept. 18. This sale is a formal step in the reor­
ganization, the funds to liquidate the floating liabilities hav­
ing been provided by the plan Another step in the reorgan­
ization will be taken on Sept. 25, wh“n Samuel Spencer, as sole
conti' uing receiver ' f the Richmond & Danville RR, Company,
will sell at public auction all title under the claim of the Rich­
mond & Danville against, tbe Central Railroad & Banking
Company, amounting to $1,213,405, alleged to be due for money
advanced.—V. 61, p. 365.
Cleveland Akron & Columbus RR.—This road has gone
into the control of Senator Calvin S. Brie-, by purchase, it
is said, of over ten thousand shares of stock controlled by Mr.
Saul. Mr. Brice was then unanimously elected President of tbe
new organization, and the Cleveland directors, whoare friends
of Mr Saul, resigned.—Vol. 60, p. 522.
Delaware Lackawanna He Western RR.—Earnings of the
D. L. & W. leased lines in New York State for the 12 months
ending June 30 have been reported as follows :
1 2 months
Gross
end. June 3 0 —
eam ings.
1 8 9 4 - 0 5 ............... $ 8 ,3 1 5 ,0 4 4
1 8 9 3 - 9 4 ............... 8 ,5 1 6 ,3 4 3
—Y . 6 0 , p . 8 3 5 .

yet
eam in gs.
$ 4 ,3 1 5 ,2 1 9
3 ,9 1 1 ,7 8 4

Charges.
$ 2 ,4 6 3 ,4 5 3
2 ,4 7 6 ,9 5 8

Balance,
surplus
$ 1 ,8 8 6 ,7 6 6
1 ,4 3 4 ,8 2 6

Georgia & Alabama—Savannah Ainerlcus & Montgomery
By.—The chairman of the Savannah Americus & Montgomery
Railway Reorganization Committee am ounces that the certi­
ficates representing the first mortgage bonds will be exchanged
for tbe securities of the Georgia & Alabama Road, the ►uecessor of the S A. & M, in October. All stock issued will be
pooled in the form of a voting trust composed of seven mem­
bers. Parties entitled to stock who object to this arrangement
will be tiven unpooled stock. Holders of the certificates are
entitled to subscribe at par and interest, to the extent of 50 per
cent of holdings, to an issue of $1,675,000 first mortgage pref­
erence 5 per cent gold bonds of the new company, such sub­
scribers to receive as a bonus 10 per cent in first mortgage con­
solidated 5 per cent bonds, 50 percent in preferred and 100 per
cent in common stock. Fully one-fourth of the certificateholders have already, it is said, expressed their intention of
subscribing to this issue. An arrangement has been effected
with the holders of M o n tg o m e r y T e r m in a l Company bonds by
which the new company will guarantee interest at 5 per cent
per annum for five years.—V. 61, p. 196, 281
Georgia Southern £ Florida Railway—Southern Rail­
way.—In another column the Maryland Trust Company offers
to the public $1,500,000 of the first mortgage five per cent
fifty-year gold bonds of the Georgia Southern & Florida Rail­
way Company. These bonds are a part of the total issue of
$4,000,000 which was authoriz d under the plan of reorgani­
zation. The road is controlled by tbe Southern Railway
Company, through ownership of stock, and it will run in con­
nection with that svstem, which it joins at Macon, Ga., ex­
tending thence to Palatka, Fla , and embracing in all 285
miles of main line. The road is laid with 60-pound rails and
is said to be in good physical condition. For the year ending
June 30, 1895. the net earnings were $228,595, against fixed
charges of $185,000 on $3,700,000 bonds outstanding. The
connection with the Southern Railway, it is thought, will
largely add to the earnings of the company.
An abstract of the mortgage securing the loan is given on a
subsequent page of to-day’s Chronicle.—V. 61, p. U3.
Kentucky Midland RR.—At Frankfort, Ky., September 2,
this road was offered for sale in foreclosure at the upset price
of $320,000. There n as no bid and the road was not sold.—
V. 60, p. 835.
New England RR.—New York & New England RR.—The
rec-ivers of the New York & New England at 12 o’clock mid­
night Aug. 31, in pursuance of the decrees of the United S ates
Circuit Court, delivered pos ession of the property to the New
England RR. Co., whose officers were mentioned in the C h r o n ­
i c l e last week.—V. 61, p. 367.
New York Susquehanna & Western RR —At the annual
meeting on Thursday the following di-ectors were elected,
there being only one ticket presented: Amos L. Hopkins, Ros­
well Eldiidge, Simon Borg, Henry Sanford, H, O. Armour,
Henry B Plant, Thomas A McIntyre, Cornelius C. Cuvier,
Garret A. Hobart, George W. Young, Cyrus J. Lawrence,
W. L. Bull and Gustav Kissel. Of these the following were
tnembe s of the old Board: Messrs. Borg, Armour, Sanford,
Hobart and Eldridge.—V. 61, p. 240.
New York Lake Erie & Western RR.—The receivers re­
port the earnings of this company for the quarter and the
twelve montls ending June 30 as follows:

G r o s s e a r n i n g s ___
O p e r a t i n g e x p e n ’s

L Vol . LXI.
,—3 BIOS. end. Ju ne 3 0 .—. , - 1 2 mos. end. J u n e 3 0 . - ,
1 8 9 4 -5 .
1 8 9 3 -4 .
1894.
1895.
$
$
$
*
2 5 ,5 2 1 .3 4 5
2 6 ,3 0 8 ,7 4 2
6 ,0 9 1 ,4 1 7
6 ,5 1 7 ,2 2 2
1 7 ,8 4 8 ,4 9 6
1 8 ,1 2 6 ,4 2 1
4 ,2 3 5 ,6 3 9
4 ,6 0 8 .2 2 1

N e t e a rn in g s ..
D u e le a s e d lin e s o n
p e r c e n t a g e b a s is

1 ,9 0 9 ,0 0 1

1 ,8 5 5 ,7 7 8

7 ,6 72 ,8 4 9

1 6 0 ,4 1 2

5 0 8 ,2 6 0

1 ,9 4 3 ,0 4 4

2 ,3 3 9 ,3 2 5

O t h e r i n c o m e .........

1 ,7 4 8 ,5 8 9
1 1 0 ,3 4 1

1 ,3 4 7 ,5 1 8
2 8 8 ,0 2 5

5 ,7 2 9 ,8 0 5
8 3 9 ,1 4 1

5 ,8 4 2 ,9 9 6
1 ,0 9 0 ,3 0 5

T o t a l i n c o m e ___
I n t . , t a x . , r e n t , <fro.

1 .8 5 8 ,9 3 0
1 ,9 2 1 ,5 5 4

1 ,6 3 5 ,5 4 3
1 ,9 5 4 ,4 5 3

6 ,5 6 8 .9 4 6
7 ,6 8 2 ,1 1 9

6 ,9 3 3 ,3 0 1
7 ,6 2 1 ,3 8 5

B a l a n c e .......... ...........

d e f .6 2 ,6 2 4 tie f.3 1 8 ,9 1 0 d e f .1 ,1 1 3 ,1 7 3

( le f .6 8 S 0 8 4

8 ,1 8 2 ,3 2 1

On June 30, 1895, loans and bills payable were $3,097,711,
against $3,201,476 on Dec. 31, 1894; interest on funded debt
d u e . $4 494,723, against $3,319,269: a c c r u e d , $900,443. against
$900,443; rental of leased lines, $909,353, against $1,071,795 on
Dec. 31, 1894. Cash in hands of receivers June 30, 1895, $673,919. —V. 61, p. 366.
Northern Pacific.—The petition of the Northern Pacific
Company by Brayton Ives, its President, filed some weeks ago
in the United States Circuit Court at Washington, asking that
the <rd-r appointing Messrs. Oakes, Payne and R>u-e receivers
be vacated and set aside, came on for preliminary hearing
before Judges Gilbert and Hinford at Seattle on August
22. The preliminary argument was confined solely to
the question whether the Court should entertain the petition at
all. No argument was had on the merits of the case and the
receivers did not undertake to answer the charges against
them.
On Monday, tbe 2d inst., a d cision was handed down by
Judges HaDford and Gilbert to the effect that the United
Slates Circuit Court for the Eastern District of Wisconsin had
jurisdiction of the bill for tne foreclosure of the mortgage,
and that the appointment of the receivers by Judge Jenkins
was perfectly regular at d valid.
The Court also sustains the validity of all the receivers’ acts,
and declares the issue of receivers’ certificates valid. The con­
tention of the receivers’ counsel that the Wisconsin Court was
the Court of primary jurisdiction, and that the motion for the
removal of the receivers should De remitted on that account to
that Court for decision, is, however, overruled. Tne Court
holds that as no part of tbe railroad is now in the Eastern Dis­
trict of Wisconsin the rule of comity doos not require it to send
all matters to that Court. Judges Gilbert and Hanford con­
clude, therefore, to retain Mr. IvrS’s petition, and have required
the receivers to answer the charges within thirty days.
The following is an extract from Judge Gilbert’s decision;
I t is s t r o n g l y u r g e d a g a i n s t t h e a s s u m p t i o n o t j u r i s d i c t i o n b y th i s
C o u r t to e n t e r t a i n i lie m o t io n t h a t d u r i n g t l i e r e c e i v e r s h i p r e c e i v e r s '
c e r t i f i c a t e s h a v e b e e n is s u e d t o a l a r g e a m o u n t , a n d t h a t t h e s a m e a r e
n o w h e ld b y in n o c e u t m irc h a s e rs , a n d t h a t to d e n y th e p iim a r y ju r i s ­
d ic t i o n o f t h e C o u i t l o r t h e E a s t e r n D i s t r i c t o f W is c o n s in is to h o ld
t h a t t h e s e c e r t i f i c a t e s wi r e u n l a w f u l l y is s u e d .
W e fin d n o g o u n d f o r s u c h c o n t e n t i o n . I t h e r e c e i v e r s ’ c e r t i f i c a t e s
h a v e b e e n a u t h o r i z e d b y t h e C o u r ts o f t h e v a r i o u s d i s t r i e t s i n w h ic h
t h e p r o p e r t y iu r e c e i v e r s h i p is s i t u a t e d t h e y a r e v a l i d li e n s u p o n t h n t
p r o p - r ty , irr e s p e c tiv e o f th e q u e s tio n w h e th e r th e C o u rt fo r th e E a s t­
e r n D i s t r i c t o t W is c o n s in h a d j u r i s d i c t i o n t o o r d e r t h e i r is s u a n c e . I f
th e y h a v e n o t b e e n s o a u t h o r i z e d i t i s D o t p e r c e i v e d h o w t h e a c t i o n o f
t h i s C o u r t c a n i n a n y w a y a f f e c t t h e q u e s t i o n o f t h e i r v a l id it y .
I t m u s t b e c o n c e d e d in a n y v ie w o f t h e c a s e t h a t t h e r e c e i v e r s a r e a t
t h e p i e s e n t ti m e , a n d h a v e b e e n s i n c e t h e i r a p p o i n t m e n t , t h e la w f u l
a p p o i n t e e s o f a l l t h e C o u r ts in th e j u r i s d i c t i o n o f w h ic h t h e p r o p e r t y o f
t h e N o r t h e r n P a c if io R a i l r o a d is s i t u a t e d . T h e y a r e t h e r e c e i v e r s of
t h e r a i l r o a d , a u d n o n e o f t h e i r a c t s , d o n e v i t h i n t h e s c o p e of t h e i r
a u t h o r i t y a n d u n d e r t h e o r d e r s o f t h e C o u r ts w h i c h h a v e c o n t r o l o v e r
s a id p r o p e r ty , a r e in v a lid .

The or 'er for the issuance of the receivers’ certificates was
signed by all the United States Court Judges haviDg jurisdic­
tion in Northern Pacific territory as follows-. In Minnesota,
April 15, in North Dakota, April 26; in Montana, April 26 ;
in Idaho, May 8 ; in Washington, May 2, and in Oregon, May
2.—Vol. 61, p. 367.
Oregon Railway & Navigation.—The",Wall Street J o u r n a l
has obtained from a Berlin paper the following statement,
which is believed to be correct, as it was given by months :
T e a r—
1 8 9 4 -9 5 .
G r o s s e a r n i n g s ............................... $ 5 ,0 2 7 ,3 3 2
O p e r a t i n g e x p e n s e s . ................ 3 ,3 2 8 .4 9 5

1 8 9 3 -9 4 .
$ 3 ,8 2 5 ,1 6 0
3 , 1 7 9 ,8 1 0

Changes.
In c .$ l,2 u 2 ,1 7 2
In o .
1 4 8 ,6 8 5

N e t e a r n i n g s .............................$ 1 ,6 9 8 ,8 3 7

$ 6 4 5 ,3 5 0

In c .$ l,0 5 3 ,4 8 7

—At a meeting yt sterday of the holders of certificates rep­
resenting the consolidated bonds, at which over two thirds of
the bonds were represented, the plaa of reorganization was
unanimously approved.—V. 61, p. 325.
Oregon Short Line & Utah Northern Ry.—As to the U ta h
S o u th e r n R R . G e n e ra l M o r tg a g e and the U ta h S o u th e r n R R .
E x te n s io n F i r s t M o r tg a g e bonds, notice is given by the com­
mittee, consisting of Alexander H. Stevens, C airman; Samuel
Carr, Isaac H Bromley, Peter B. Wyekoff, with George S.
Clay, Secretary, 195 Broadway, New York, that a meeting of
the holders is to be held Tuesday, September 10, 1895, ao 11
o’clock A. M., at the office of the receivers of the Union Pacific
System, 36 Wall Street, New York, to take action with respect
to the report of the committee appointed at the bondholders’
meeting held July 11, 1895, which will then be presented. All
holders of said bonds are requested to be present iu person or
by their representatives. —V. 61, p. 282.
Passaic & Newark Electric Traction.—This company has
made a mortgage to the People’s Bank & Trust Company of
Passaic, as trustee, to secure bonds to tbe amount of $210,000
te r F o r o th e r I n v e s tm e n t Ite m s se e p a g e 1 3 1 .

THE CHRONICLE.

September 7, 1895,]

R e p o r ts a n d 3Docu m e a ts .
D E N V E R

&

R IO

G R A N D E

R A I L R O A D

C O .

\IN T H ANNUAL REPORT FOR THE FISCAL YEAR
ENDED JUNE 30. 1895.
To the Stockholders o f the Denver & R io G rande R a ilro a d
Company:

The income of your Company from all sources during the
fiscal year ended June 30, 1895, including 814,690 00 received
for interest, was 88,931,440 56, an increase of $445,096 98
compared with the previous year. The gr<5ss earnings from
the operation of the railroad were $6,916,840 56. being an in­
crease of $140,796 98. The working expenses were $3,991,21191, an ficrease of $18,660 74: making the net earnings
from traffic $2,925,688 65, being $432,136 24 more than for the
previous year. The increase in earnings was 6-81 per cent, in
expenses 0 47 per cent and in net earnings 16-86 per cant.
The net earnings afforded a surplus of $721,699 35 after pro
Tiding for interest on funded debt, taxes, insurance and all
other charges against income. For detailed information, yon
are referred to the tables and statistics prepared by the Comp­
troller and t h e A u d i t o r , and s u b m i t t e d h e r e w i t h f o r y o u r in­
formation.
Current liabilities were reduced during the year from $t,735,963 33 to $1,433,729 40. and on June 30 vonr current assets
exceeded your current liabilities $1,992,670 87, which shows a
gratifying improvement when compared with the excess of
$1,470,104 79 on June 30, 1894
On June 30,1893, when the great financial and industrial
crisis came up m us, the current liabilities of your Company
were $1,888,873 89 and the excess of current assets was
$1,3.51,239 31. Your Directors, therefore, call attention to the
fact that during tw »years of business depression the liabili­
ties of your Company have been reduced about $436-000
and the excess of assets has been increased more than $849,00o 00, although a year ago the ts Iu s of securities to the
treasury and in the Spx-ial R-newal Fund were, for pruden­
tial reasons, reduced in the account* to the extent of $151,379 74,
Your Company has in its treasury bond* and stock* aggre­
gating at par $5,562,750 00. appearing on the books at $1,673,559 10, and in addition it h is in itf Special Renewal Fund
cash and securities aggregating at pxr $588,911 71, carried on
the bo ks at $131,975 38, the total of ail being at par $0,149.691 71 and on th* books $ 3 !27,125 48,
In the report submitted for the year end'd June 36, 1633,
your Directors stated that th * value of equipment had been
written down $895,879 78 and General Profit and Lo*s Aco u n t had been charged with that amount. It was then
stated that it wa* prudent to stilt further reduo* the book
value of equipment, but your Directors refrained from acting
upon th >matter a year ago. I t i* now deemed wise to pursue
this policy in making up the accounts for rh i year th it has
just cloned, and $ 1,000.000 Do ha< therefore been taken from
the value of F.q ii<> nent and charged to General Profit and
Lost Account. The accounts of your Company show, after
doing this, a bdance to 5 edit of Profit and Low of 12,130.193 67, being $137,713 u*i more than the excess of current
assets over current liabilities If allowance is made for the
reduction a year ago in the book value of —<::umu> >, it will
be »-«n that your Company baa substantially an exivw of
current assets over current ItabHllt-** about equal on a r. mswvative valuation to the amcm t at credit of Profit and Loss.
Four years ago the exctm o f c u rre n t liab ilities over current
assets was about $ 129.0 m 00. tS*e Fifth Annual Retort.)
To guard against the possibility of the im *re**«ion being en­
tertained that the equipment ha* be**n allowed to deteriorate,
and that the reduction in its book value has been made for
this reason, your directors de“«n it well to state that on Jane
80, owing to continued light traffic, ninety-four engine* were
out of service, of which hu mber sixty nine were in first-claw
condition, having head repaired before being laid up
During the last five years the amount of unpaid vouchers
at the end of each fiscal year was as follows:
1 4 9 1 ................................... .................................................$ 9 2 7 ,0 7 4 04
1 « 9 J ................ ................. ................................................ 8 1 2 ,3 8 4 3 1
1 4 9 3 . . . ................. ..................................... ...................... *42.91 » 4 «
1 8 9 4 .................... ........................................ 897.0511#
1 4 9 5 ........................................................................
1 4 5 ,3 1 7 MB

which shows that your company is now in the posH m of
paying promptly each month the bills for labor and material
incurred during the month preceding.
T m d image done to the property of the company by the
disastrous floods of June. 1894 adverted to in the last Annul!
Raport. ha# been repaired a t an expense of $96,679 36 all of
which was charged to Operation Ac-; unt, and two-thirds of
which was expended during th* fiscal year that has just
closed. In additio t to these extraordinary expenses, two
wo>den bridges were replaced with iron structures resting
upon stone ins* mry: one of them on the Third Division over
the Cimarron River has a span of 129 feet, with iron girder
approaches 186 feet long, and the oth-rover the Animas River
on the Silverton Branch has a span 120 feet long, The cost of
this work was also charged to Op-ration Account. In view
of these expenditure* it was deemed prudent to limit the rail
renewals during the year, and therefore but 1,095 tons of 75pouod steel rails were laid. These were priced In your stan­
dard gauge main line, replacing 52-pound steel, which was

421

transferred to other portions of the System, AH expenses in­
c id e n t to laying the new rails, including their excess weight
over the rails they replaced, were charged to Operation Ac­
count. Your standard gauge main line now has but twentyfive miles of 53-pou-id steel rail track, and contracts have
bean made for the early delivery of sufficient 75-pound rail to
replace it.
In view of the business depression of the last two years it
may be will to submit for your information the number of
cross-ties used annually for four years, so that it may be seen
that the economical administration of your affairs has not re­
duced tie renewals to much less than normal requirements.
For the fiscal year ended June 80. 1892, during which period
a number of narrow-gauge ties in standard-gauge track were
replaced with stand ird-gauga ties, 637,740 cross-ties were
used; for June 80, 1S93, 381,960; for June 30, 1394, 397,918,
and for the fiscal year ended June 30, 1895, 446,517 cross ties
were used. Daring the four years specified 1,864,135 ties
were placed in track, being an average of about 466,000 per
year.
The earnings of your Company upon traffic to and from the
Rio Grande Southern Railroad during the fiscal year were
$334 377 51 against $289,133 84 for the year ended June
80, 1891, and $517,455 81 for June 30, 1893. The gross earn­
ings of the Rio Grande Southern for the las' fiscal year were
$402,798 It and for the pr*ceding year §829,550 69, being an
increase of $73,217 43, or 22-28 per cent. The road consists of
161 miles of main line and 18 miles of branches between the
City of Durango and Ridgway Station on your Garay Branch,
thus connecting in Southwestern Colorado the Third and
Fourth Divisions of your System.
In their last Annual Report your Directors stated that
owing to adverse burines* conditions and the resulting in­
ability of the Rio Grande Southern Railroad Comp mv to meet
it* obligations your Prerid nt was appointed R-ceiver for the
properly. In view of the ownership by your Company of a
large number of jiio Grande Southern First Mortgage Bonds
and of the eloe* traffic relations with that Company, it was
thought best, after careful consideration of the subject by
your Board, to tend to a moderate extent the credit of your
Comp my to the Rio Grande Southern, to enable the Receiver
to negotiate with all parties in interest a settlement of the Rio
Grande Southern fl rating indebtedness, with a view to taking
the property out of the hands of the Court in the near future.
An arrangement was therefore made and approved by the
Court, whereby your Company advanced to the Rio Grande
Southern $169,839 16, and endorsed that Company’s notes to
the amount of $578,498 3-7, said notes being for one, two and
threeyear* la equal amounts, with interest at the rate of 6
per cent p r annum to the secured and 4 p-r cent to the unse­
cured creditors, lo consideration of this the Southern Com­
pany assigned to your Company $671,000 09 of its First
Mortgage Bonds, wljich were held as collateral by the secured
creditors and $197,000 00 of which were delivered to your
Company when the cash advance hereinabove ref-reed to was
made. The real-under of the bonds will be surrendered from
time to time as the note* mature. The general plan of settle­
ment required in addition to th - above the transfer to your
Company, free of cost, by the Rio Grande Southern stock­
holder*. of one-half the capital stock of their Company, which
is §1,510,090 00, and by the bondholders the cancellation of all
unpaid coupon*, u >to and including January 1, 1895, and the
scaling dawn of the interest on the h ind* front 5 per cent per
annum to 3 per cent p »r annum for three years from the first
of January, 1897. ana 4 p r cent thereafter during the life of
the bonds. The transfer of the stock ha* been made and your
Company lias placed in the hands of a Trustee selected by it
a majority of the capital stock of the Rio Grande Sou-hern
Company! Nearly all the bondholders have assented to the
arrangement, anil at the date of this report there are but
$24,000 00 unasoented bonds out of a total of $4,510,000 00.
Your Company nowowoa a majority of both bonds and stock,
and baa been receiving upon the ?orm"r3 per cent per annum
since January 1, 13J5 The coupons of the Southern Com­
pany, due July 1, were promptly paid by the K •eeiver under
sanction of the Court. The contract of settlement also pro­
vide* that for three years your company shall have any sur­
plus there may be from the earnings of the S outhern Compm yaiier paying interest on its funded debt,taxes,insurance
and similar legitimate charges against; I-icome.
Some time ago i t « as learned that the o wner* of th? Santa Fe
Southern Railroad, which extends from Espanoli to Santa Fe,
the capitol of the Territory of Ne w Mexico, a distance of about
38 mile*, were desirous of disposing of their property. As
this piece of road ia the only connection to and from Santa Fe
for your Eipanola Brauch it was thought be3t to control it if
practicable to do so at a reaaonabl • cost. Steps have there­
fore been taken with this end in view and the Rio Grande &
Santa Fe Railroad Company has been incorporated in New
Mexico for the purpo=e. As the details of the matter are still
unsettled, your Directors cannot state them definitely at this
rime. The transaction will involve but a small cash outlay.
Nearly the entire cost of the road will be paid for wfifi securi­
ties on hand and in lieu of which those of the Rio Grande &
Sinta Fe Company will be placed in the treasury of your
Company.
In 1877 your Company entered into contract relations with
the Denver Texas & Gulf Railroad C impany, 'he Fort Wurth
& Denver City Railway Company and the Dmvar Texas &
Fort Worth Railroad Company, these three eompanie* bring
subsequently known as the Uaion FaciAc Dourer & Gulf

422

THE CHRONICLE.

fliui '-vmy Company. By tlie terms of the contract joint use
ot ab ui Hr} miles of your railway south of Pueblo was ac­
corded, a 'd hull the traffic of the j >int track was guaran­
tied to the coinoanies liam-d. Notice of termination or the
c -ntract was ifivpn by the Receiver of the uaioti Facihe
Demer & Gulf Railway under authority of the Court and
steps were taken to build an independent line. After pro­
tracted negotiations an arrangement was finally agreed upon
whereby during the life of the receivership of the union
Pacific'Deliver & Gulf Railway about fifty-eight miles ot
your line from Walsenhurg to Pueblo will continue to be used
jointly on terms approximating per mile, annually, the
amount that was paid under the original contract, lhe suc­
cessor company to the Receiver will have the right to con­
tinue the new contract for a period of ten years after the
expiration of the receivership if it desires to do so.
The opinion expressed by your Directors a year ago that
there were evidences of improvement in businestand that they
would be able to submit to you more satisfactory results in
future has been verified. The general strike of July, 1894
lessened to some extent the earnings of your System, but the
effect of tfie labor troubles was very much modified by the
loyalty of your employees generally, to whom and to the offi­
cers of the Company your Direciors make their greatful ac­
knowledgments,
B r order of the Board of Directors,
E, T. JEFFERY,
DENVER, Col,, August SI, 1895.
P resid en t.
CERTIFICATE OF STOCKHOLDERS’ AUDITOR.
Denver, Colo , August 20,1895,
To the StoaViolders o f the D enver & R io G rande R B . (Jo.:
G e n t l e m e n — I have made the annual examination of the
accounts of the Company, in conformity with the By-Laws,
and have ascertained the correctness of the Balance Sheet for
the year ended June 80, 1895,
1 have investigated the books and accounts and vouchers
relating thereto, and, in my opinion, the Balance Sheet is a
full and fair Balance Sheet, and is properly drawn up so as to
exhibit a true and correct view of iha state of the Company’s
affairs.
I have had ready access to the books and accounts, and all
explanations or information called for from officers has been
freely given, and has been satisfactory.
Very respectfully yours, etc.,
CHARLES WHEELER,

A u d ito r f o r Stockholders.

REPORT OF THE COMPTROLLER.
The Denver & R n Grande RR. Co., \
New Y ork, August 19, 1895. )
Mr E. T, J effery, Presid en t.
Dear Sir —1 beg to present herewith my report of the
Company’s financial coadiiion June 81, 1895, consisting of
the ad just men is made in the General Profit and Loss Account
during the fiscal year then ended, together with Comparative
Balance Sheet, Summary of its financial operations outside of
its Income Account, based on such comparison, and Tabular
Statement of Securities owned by the Company at that date,
arranged in the order named.
Annexed hereto is the report of the Auditor, exhibiting in
detail the Earnings and Expenses, and other statistical infor­
mation, from the records of the Company, f or the same period.
Very respectfully.
STEPHEN LITTLE,
Com ptroller.
G E N E R A L P R O F IT A N D LO SS A C CO U N T.
(A d ju s tm e n ts th e r e in J u n e 30, 18 9 4 , to J u n e 3 0 ,1 8 9 5 .)
JDr. ■
Or .
B y B a la n c e S u rp lu s J u n e 3 0 ,1 8 9 4 ______
$ 2 ,6 2 3 0 5 4 45
B y S u rp lu s fo r y, a r e n d e d J u n e 30 , 1895,
as p e r In c o m e A c c o u n t (p ag e 4 2 3 )........
5 2 8 ,6 9 0 35
To a d ju s tm e n ts ilu rin g th e y e a r
to ttie d e b it o t P ro fit a n d L oss
, a ir o e t......... ................................... $ 2 1 ,9 8 3 94
L e ss a d ju s tm e n ts to r c a m e p e r ­
io d to c r e d it o f P r o fit a n d
Loss d i r e c t . . . . ................. 4 3 2 8 1 - $ 2 1 ,5 5 1 1 3
Xo p o rtio n o f v a lu e o t E q u ip m e n t w ritte n
off, a s p e r r e s o lu tio n o f B o a rd o f D ireetu is .In ly Hi, 1 8 0 5 .......................................... 1 ,0 0 0 ,0 0 0 0 0
To B alan ce)............................................................ 2 ,1 3 0 ,1 9 3 67
$ 3 ,1 5 1 ,7 4 4 8 0 $ 3 ,1 5 1 ,7 1 4 80
B y B a la n c e a t c re d it o f P r o fit a n d L o s s J u n e 3 0 ,1 8 9 5 , as
p e r C o m p a ra tiv e H & laiiee S iie e t.......................................... $ 2 ,1 3 0 ,1 9 3 6 7
C O N D E N SE D C O M P A R A T IV E B A L A N C E S H E E T J U N E 30.
ASSETS.
Cost o f H oad a n d A p - J u n e 3 0 ,1 8 9 4 . J u n e 8 0 ,1 8 9 5 .
In c or Dec
purten a n e.ig ,
$
$
©
C ost o f R o ad (P ro p e r) 83,93-1.052 8B 3 3 ,9 8 4 ,9 5 2 - 6
*
E q u ip m e n t ...................
5 .1 2 9 ,2 5 3 4 7
4 ,1 2 5 ,0 7 1 12 Dee. 1 ,0 0 4 ,1 8 2 3 5
B e tte r m e n ts -----------9 ,1 7 1 .6 9 7 0 7
0 ,1 ,4 ,6 9 7 0 7
’
R e a l E s t a t e ......... .........
7 ,3 0 • 0 >
7 ,8 0 0 00
E x p re s s P r o p e r ty —
. 5 0 ,0 0 0 0 0
5 0 ,0 0 0 00
M ule a n d G ra d . Outfit3 ,0 0 0 0 0
. . . ______ Deo.
3 ,0 0 0 00

Total Cost,o(§fpadand
A p p u r te n a n c e s ....... 9 8 , 3 4 9 , 7 0 3 #
C o n stru c tio n o f S r 'c h s

7 ,9 8 8 ,3 8 1 6 3

9 7 ,-4 2 ,5 2 1 05 D ec. 1 ,0 0 7 ,1 8 2 8 5
7 ,9 9 1 ,5 6 5 8 4 In c .

5 / 8 12 2

[Vox.. LXI.

J u n e 3 0 ,1 8 9 5 .
I n c . or Dec
J u n e 3 0 ,1 3 9 1 .
*
$
C u rren t A ssets,
30-1,37$ 5 7 D ec.
6 5 ,1 1 8 33
M a te ria ls a n d S u p p lie s
3 6 9 ,4 9 1 90
8 ,4 3 i 8 7 Inc.
0 ,0 1 3 9 7
2.425 9 0
S ta te a nil Co. W a r r a n ts
3 3 ,0 0 0 00 D ec.
1 ,8 0 0 0 0
3 4 ,8 0 0 00
s ills re c e iv a b le ............
1 2 3 ,2 8 4 50
5 0 8 ,4 6 2 17 Iu e .
3 8 3 ,1 7 1 67
C a s h .................................
2 1 5 ,5 3 9 89 D ee.
2 1 ,9 6 0 7 0
2 3 7 ,5 0 0 59
In d iv id u a ls a n d C o s..
1 8 1 ,5 1 2 37 D ec.
7 ,4 1 8 6 0
1 8 8 ,9 3 0 9 7
A g e n ts a n d C u u d u e tT s
597 02
4 1 ,5 5 0 7 1 Dec,
4 2 ,1 4 8 33
U .S G o v e rn m e n t. ..
4 ,0 0 0 0 0 In c .
8 0 0 00
3 ,2 0 0 0 0
P u e b lo (In. IDen. S. Fd.
R .G .S o .R R .C o . I s t M .
1 ,0 3 2 ,8 5 0 00
1 ,0 3 2 ,8 5 0 00
B o n is in T r e a s u ry ..
R .G . (1 ii u.R y.C o. 1 s t M. 8 7 ,0 0 0 00
8 7 .0 0 0 00
6 p .e. B ond ( a t c o st).
1 6 8 ,8 6 1 0 0
1 6 8 ,8 8 1 00
O th e r S e c u ritie s ............
D. A R, G, RR, Co, 1 s t
Con. M. 4 p . e, B onds
2 1 5 ,0 0 0 03
2 1 5 ,0 0 0 0 0
in T r e a s u ry ( a t face)
B onds,!,nil S to c k ol* R.G .
1 6 9 ,8 3 ) 10 In c .
1 8 0 ,8 3 9 10So R R , Co. a c q u ire d
4 ,1 4 0 7 3 Inc.
1 ,1 1 6 82
3,0 2 3 91
S u n d r ie s ......... .................
1 ,2 5 0 2 8 In c .
1 ,2 5 0 2 8
T ra ffic B a la n c e * ___ . . .
S pecial R enew . F u n d —
Reprcsoutina che Invest
m e a t of Renc.vnl Fund
(per contra) and con­
sisting of:
D. <& R. a . I m p . M o rt.
2 1 4 ,5 7 1 17 In c .
9 ,4 2 0 8 7
2 0 5 ,1 5 0 30
B o n d s (a t c o s t) .........
D . & R. G. 1 s t C onsol.
1 5 ,6 6 2 5 0 Inc.
7 ,4 1 2 50
8 ,2 5 0 GO
M, B o n d s (a t cost) ..
1 7 2 ,‘- 0 0 00 .
1 7 2 .9 0 0 00
R. G. So. 1 s t M ort. B ’ds
4 8 ,4 4 1 71 D ec.
3 ,7 4 2 3 4
52,18-4 05
C ash (to b e in v e s te d ) .
3 ,2 0 6 ,0 6 8 12

D e fe rre d A ssets.
T rin id a d T e r m in a ls ...
L a n d a t T r in id a d ........

2 1 ,8 2 5 23
1 6 ,1 8 6 26

2 1 ,8 2 5 23
1 6 ,1 8 6 26

T o ta l d e fe rre d a s s e ts

38,0.11 19

3 8 ,0 1 1 49

T o ta l a s s e ts ........

-2 1 9 ,3 3 1 9 5

3 ,4 2 5 ,4 0 0 0 7 lu c .

T o ta l c u r r e n t a s s e ts .

..1 0 9 ,5 8 2 ,6 6 4 6 3 1 0 8 ,8 0 0 ,4 9 8 4 5 D ec.

L IA B IL IT IE S .
J u n e 3 0 ,1 8 9 4 . J u n e 3 0 ,1 8 9 5 .
C a p ita l Slock.
$
$
C om m on
. . . . 3 8 ,0 0 0 ,0 0 0 0 0 3 8 ,0 0 0 ,0 0 0 00
P re fe rre d .'.'..'-'................. 2 3 ,6 5 0 ,0 0 0 0 0 2 3 ,6 5 0 ,0 0 0 00
T o ta l C a p ita l S to c k .. 6 1 ,6 5 0 ,0 0 0 0 0

6 1 ,6 5 0 ,0 0 0 0 0

F u n d d Debt.
F i r s t M o rtg a g e B o n d s .. 6 ,3 3 2 ,5 0 0 0 0
F i r s t C on. M o rt. B o n d s; 2 3 .6 5 0 ,0 0 0 0 0
Im p ro v ’t M o rt, B o n d s.. 8 ,1 0 3 ,5 0 0 0 0

6 ,3 8 2 ,5 0 0 00
2 8 ,6 5 0 ,0 0 0 0 0
8 ,1 0 3 ,5 0 0 00

T o ta l F u n d e d D e b t.. 4 3 ,1 3 6 ,0 0 0 0 0

4 3 ,1 3 6 ,0 0 0 00

C u rr e n t L ia b ilitie s .
L o a n s P a y a b le ...............
B ills P a y a b le ...................
V o u c h ers............................
P a y -R o lls ...........................
P ay -C h eek s, ‘'S e rie s A"
U n c la im e d W a g e s ------E x p r e s s M o n ey O rders.
F ir s t M o rt. B o n d s, C ou­
p o n s d u e a n d u n p a id .
F i r s t M ort. B o n d s, In t.
a c c ru e d b u t n o t d u e .
F i r s t C on. M o rt. B onds,
C oup, d u e a n d u n p a id
Im . M o rt, B o n d s, C ou­
p o n s d u e a n d u n p a id .
Im . M o rt. B o n d s, I n t.
a c c ru e d b u t n o t a u e .
T raffic B a la n c e s ..............
O ar S e rv ic e .......................
S u n d r ie s ................... .........
E q u ip , R e n e w a l F u n d .
A c c ru e d T a x e s ................
Acc. R e n t, o f L e ’d L inos
T o t. C u r r ’n t L ia b il’s .

5 0 ,0 0 0 00
1 0 0 ,0 0 0 00
2 9 7 ,9 5 1 1 9
2 4 0 ,5 1 6 4 6
8 4 ,9 0 9 90
' 3,343 28
2 0 ,841 35

_____ ______
.........................
1 4 5 ,3 1 7 8 6
2 .*1,782 3 0
8 8 ,5 3 8 39
5 ,5 1 8 86
2 0 ,8 4 8 95

8,9 9 5 00

7 8 2 .1 6 6 I S
In c , o r Dec.
$

D ee. 5 0 ,0 0 0 0 0
D eo. 1 0 0 ,0 0 0 00D ec. 1 5 2 ,6 3 3 3 3
D ee. 1 8 ,7 3 1 1 6
3 ,6 2 8 4 9
In c .
2 ,1 7 5 5 8
Inc.
7 60
In e .

1 0 ,5 0 0 0 0 In c .

7 4 ,4 6 2 50
5 7 4 ,6 0 0 00

5 7 6 ,0 6 0 0 0 In c .

1 7 ,5 8 7 50

2 0 ,4 8 7 5 0 In e .

3 3 ,7 6 4
1 2 ,2 9 9
9 ,9 6 7
3 7 ,8 9 8

58
62
81
33

1 5 9 ,1 9 9 51
9,6 2 6 30
1 ,7 3 5 ,9 6 3 33

A p p a r e n t L ia b ilitie s .
D. & R. G. R ’y Co.
S to c k h o ld e rs ________
D , & R .G .R ’y C o . G e n ’i
M ort, B o n d h o ld e rs ..

3 3 ,7 6 4 58
................... .
D ec,
......................... D ee,
3 3 ,8 6 9 2 0 D ec.
.
3 0 ,7 9 2 1 5 In c .
1 6 2 ,2 8 7 11 In c .
8 ,5 0 0 0 0 D ec.

1 ,4 6 0 00
2 ,9 0 0 0 0 1 2 ,2 9 9
9 ,9 6 7
4 ,0 2 9
3 0 ,7 9 2
3 ,0 8 ?
1126

62.
81
13
15
60
30

1 ,4 3 2 ,7 2 9 4 0 D ec. 3 0 3 ,2 3 3 9 3

31 )2 5 0 0 0

T o ta l................................
L e ss C om . C ap. S to c k
h e ld i n T r e a s u r y to
m e e t s a m e .....................

1 ,5 0 5 0 0

7 4 ,4 6 2 50

3 1 ,2 5 0 00

1 ,0 0 0 0 0

1 ,0 0 0 0 0

3 2 ,2 5 0 0 0

3 2 ,2 5 0 00

3 2 ,2 5 0 0 0

3 2 ,2 5 0 00

N il

N il

T o ta l L ia b ilitie s ..........1 0 6 ,5 2 1 ,9 6 3 33 1 0 6 ,2 1 8 ,7 2 9 4 0 D ee. 3 0 3 ,2 3 3 9 3
Jieneival F und.
See S p e c ia l R e n e w a l
F u n d p e r c o n tra ,
fo r a m o u n t In v e s te d , .
4 3 7 ,6 4 6 85
a n d to b e m v e - t e d . ..
B y P r o fit a n d L o ss to
B a la n c e , b e in g e x c e ss
o f .A ssets o v e r a ll
L ia b ilitie s ...................... 2 ,6 2 3 ,0 5 4 45

4 5 1 ,5 7 5 3 8 I n c .

1 3 ,9 2 8 53*

2 ,1 3 0 ,1 9 3 6 7 D eo. 4 9 2 ,8 6 0 7 8

T o ta l,...............................1 0 9 ,5 8 2 ,6 6 4 63 3 0 8 ,8 0 0 ,4 9 8 4 5 D ec. 7 8 2 ,1 6 6 18
SU M M A R Y

OF

F IN A N C IA L

O P E R A T IO N S

OF T h e D e n v e r & R io G r a n d e R a il r o a d C o m pa n y f r o m J u n e 30,.
18 9 4 , t o J u n e 30, 18 9 5 , O u t s id e o f I ts I n c o m e A c c o u n t .
RESOURCES TO BE ACCOUNTED FOR THUS:
DECREASE OF ASSETS,
E q u ip m e n t (see p a g e 2 9 o f r e p o r t ) .............................................$ 1 ,0 0 4 ,1 8 2
M u le a n d G ra d in g O u tfit........1..................................................
3 ,0 0 0
M a t e r i a l s a n d S u p p l i e s ........ ............................................................ .
6 5 .1 1 8
B d ls R e c e iv a b le ....................................................... ...........................
1 ,8 0 0
In d iv id u a ls a n d C o m p a n ie s ................... .......................................
2 1 ,9 6 6
A g e n ts a n d C o n d u c to rs ....................................................................
7 ,4 1 8
U. S. G o v e rn m e n t...............................................................................
597
C a s h to b e I n v e s te d (S p ec ia l R e n e w a l F u n d ) ................. .
3 ,7 4 2

35
00
33
00
7060
62
34

T o t a l D e c r e a s e o f A g e t s ........................................ ................$ 1 ,1 0 7 ,8 2 5 9 4

THE CHRONICLE.

Sei tember 7, 1893.]

IXCREaSE or LliBIlfflES.
# 3 .6 2 3
2 ,1 7 5
7
1 ,5 0 5
1,4- 0
2 ,8 0 0

49
5.3
60
00
00
00
- • 15
3 .0 3 7 00

P a y C h e e k s . “ S e rie s A ” ................. - .............................
U n c la im e d W a g e s .- .........................................................
E x p r e s s M o n ey O rd e rs . .......... - ............ ........... F ir s t M .rs g a e . i o u d s. C o u p o n s d u e a n d u n p a i d .
F lr - r > n-^ .M, : B mi-MJOQW - - .ills '» ! Itni'-U l

ijnpLvfHU-nt M- rt. P-imds. Coupons due and imp*!*—

E q u ip m e n t R e n e w a l F u n d . ................................. - - — - - - - .......
A c c r u e d T a x e s ................... -T o ta l in e ri-a

o f L ia b ilitie s ...........................................

# 4 n ,u ti6 4 2

E xpenses—
T 8 0 1 -r,.
M ,ilu te i.im c e o f W a y ......... $ S 2 0 ,7 -'«> 6.>
1 T■»•>•«>
M ain , uf S tr u c t u r e s ...........
M a in .o f E q m itm e u t..........
39S-.310 l a
t V tm l'c iin - T ru u S iJO r'tio u 2.1 ^ - . 7 «3 4o
E x p r e s s E x p e y ^ e ^ .............
1 7 5 ,6 2 3 4 3
G e n e r a l E x p e n s e s ..............
2 6 3 ,6 5 7 2 s

1893-4.
$ 8 4 6 ,9 5 3 63
1 0 2 .7 9 7 3 7
8 8 3 ,4 2 1 10
8 ,2 3 5 ,0 2 4 36
1 5 1 .7 8 6 ■<2 5 3 ,5 6 3 34

In c . o r Dec.'
D--320,237 9 8
1.4 1 .3 3 0 57
1.1-1,339 05
D .4 6 ,2 6 0 9 0
1.2 3 ,8 3 7 0 6
1 .11,093 9 4

T o ta l E x p e n s e s __ . $ 3 ,9 9 1 ,2 1 1 91
P e rc e n ta g e o f O p e ra tio n
(57-TOi
V e t E a rn in g # ....................... $ 2 ,9 2 3 ,0 2 8 6 5

$ 3 ,9 7 2 ,5 5 1 1 7
(61-841
$ 2 ,5 0 3 ,4 9 2 11

r.S lS .6 0 0 7 4

B y B a la nee- , t c r e d i t «* K e n ew .il F u n d
J u n e 30 . I S S H ...................
...................
$ 4 3 7 ,« * 6 So
...........,

*S

IN C O M E A COO l ’ XT.

# 1 3 , p 8 53

F o r t h e I i - i al Y e a r E n d e d J u s t . 3 0 ,1 3 9 5 .

..# 1 ,1 0 7 ,3 1 0 89

G la n d T o ta l to b e a c c o u n te d fo r

X .$422.136 2 4

” T id s C o m p a n y 's E x p e n s e A c c o u n ts w e re c h a n g e d o n J u l y 1. 1894,
to e n u to n u to th o se of t h e tn te r-S in t-e C o m m e rc e C u m n iis s io u U u s s itin w e s s itiu in g th e rn -d tetrlb u M o n *>f th e e x p e l.»es by d e p a r ts
in c u ts t o r t i l e y e a r 1993-91 fu r th e p u r p o s e o f c o m p a ris o n , t h e to ta l,
im w oF er. re n n a in in g th e s a m e .

DtCUKASE «-.r BF.XKWAt tT S P .

By-B e e I.,.- -It I r - U t ut R e n e w a l m u d
Juu.-30. 1705. . .........- ..................
Increase tor the Year................

423

<.ras< F a m in e s fro m O p e ra tio n ................................................S ?

Th A sum is accounted f r as foo-vs ;
P e rc e n ta g e o f O p e ra tio n

P C S S IS E OF ASSET?.

C o n s tr u c t inn o f B r a n c h e s ................................................................
S ta te a n d C o u n ty W a r r a n ts ...............................................
C a s ts .77.'.
..............
........... ........................
...

Poeblo 1‘uion Depot Sinking Fund.

rJ
« r0 K . ,G
1 2 3 ,2 3 1 .-rtt
300 no

■•-•--—

B o n d s a m i s tu c k •>! t il- R io G ra n d e S o u th e rn R a ilro a d
Go.
o n .1 u n d e r a g r e e m e n t o t iv i.r n .it y 3 7 .
S u u d rto ........................................
T raffic B a l a n c e * ........................
......................... ,
S . 4 # G . R K . C m. Im p r o v e m e n t M « t . B o n d * .S p e c ia l
M&tmw&t Fillicf r . . . . .
. . - ......... ............
D .V It. IK HR. Co. F ir s t Con - M r.it. B o n d s I.Spedut R<
...................................................
m u r a l F u n d i .........................

T o ta l lu ttre a s o o f A s * t » „ . ............. ......................
*

B A L A N C E S H E E T J U N E 30 . 1895.
!«!
‘ VV’ - n i c

T raffic B a la n c e s ..............................................................................

n e ru M t

of

rs o rtr

12.21KI H2

....

1 ,1 2 6 3 0

_ _$ 3_1 8_ .7_9 0 35

a s d d o **

(A s ja r C o m p a ra tiv e B a la n c e S h e e t, p a g e 4 3 2 >
B y B a la n c e a t c r e d it o f P r o r tt a n d law s
S n n o 3 0 , IHSIt
.
# 3 ,0 2 3 .0 3 1 s 5
B y B a la n c e a t c r e d i t o f fr w ttt a n d I m m
J a n e 3 0 .1 8 9 3 ............................
J .V M K 1 0 3 6 7
S i- i 2 .s .;o 7 s

f t aw w iw i to r tb « y e a r ...........................................
G r a n d T o t a l ace* m w i .--1 t o r . . . . . ____

STA TEM K ST

T o ta l Net- la e o m e ....................... - ........................................ §2,9-10/2*23 05

# 3 1 5 .1 5 0 7*
T e x e s ................... ................................................
! y.*urfttit*e.. . . . . . . . . .................- - .................
—if 10.* 4 <
Im c s v s i, D s..,fu o t a n d E x c h a n g e ...................
1.136 11
9.1211 87 lu te r o s to n F u n d e d D e b t .......... ..........................I , » i i 7 9 5 0 0 0
O th e r K a l l r o a d s . . . ................................................
,W « j g
( 1S . 8-.1 0 2
8.25D OH f te n ta l" Id i.e a —d Ua> S......................................
—— 2 ,4 1 1 ,F»38 30
# 3 23,C 59 7C
R®myhliQg,Sitff>i«i#c
o
r
r
k
l
to
e
re
-ls
to
f
Bt&
til
a
m
t
Los*.
f 5 2 8 ,8 9 0 35
---- -- -

V o u c h e r s ........................................................................................

T o ta l D e c re a s e o f U a b H U t. *..................... -

.............................................. 3 7 7 0 p. c.

1 0 0 ,8 3 0 HI
U l 'H f
1,2 5 0 28

M .ca £ j& & m u \ m u t i m .
L e a n s F a y a W e ............................................................................. —
B ills r a y a W c . . .......................... ................. ...............................

A o c ru e o R e n t a l o f L e a se d I J n e - ..............................

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

................... .................. $3,925,l!2.? 6 5
N e t E a rn in g * f r o m O p e ra tio n
In te re st- o n s e e iir ltle js ., ............................ ...................... -................. i-*,u u u u u

mo

»•*

A sm m
T.» O mOrrnl C o st Of Hi>aO................. ... $ 8 3 ,8 * 1 ,9 5 2 $ 0
o f B m u c tie s ------ ...
7.m M .5«5 H i
B e lte r ,n e n tv
............
A H ^ 5 $ 1 0 t , 1 3 1,215 7 7
»

%

«

' Pf i i e « i : -

................: : :

T rin id a d T t n i d n s D

'%

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

g i g
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................................
8 8 .5 3 8 3 9
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P a y t l i e e k * . " S e r i e s A " .....................
5 ,5 1 8 80
t'n c la im e d W thcea................................
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........
2 .2 3 5 ro o 0 < l
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....................
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............
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OF

I n S p e cia l K m em $ l t u 4.
R le G ra n d e S o u th e rn R a ilro a d Co.
F ir s t M o rt. BchkD o f * l.ix iii e ,
# 2 0 0 ,0 0 0 0 0
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8 5 0 0 e a c h ...................... ..........
D e n v e r A R to G ra n d e R a ilro a d
C«. F ir s t COn*. M o lt, i Bond*
o f f l ,0 0 0 < a e h ..................................
2 0 .0 0 0 0 0
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to . u s 71
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P . m l.m iiu m .i .
................... # 1 0 6 ,2 1 9 .7 2 0 4 0
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.
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$ 1 0 8 ,8 0 0 ,4 9 8 4 5

2 ! 1.571 11
C C B R K V T A 8 0 E W -VXD L I A B I L IT IE S J L 'S K 3 0 . 1 8 9 5 .
1 5 ,0 6 2 5 0
0 ,1 1 1 7 1
8 4 5 1 ,5 7 5 38

A SSETS.

M a te rial* a n d S n p p lle* o o h a u l ...................
S ta te a n d C m m tr W a r ra n t - ff.i
v a ln n ..

# 3 0 4 .3 7 8 8 7
W
*8 »

K ll . K. c c l v a b l o l ......................................................

T o t a l a m o u n t ........

. m . 1 4 9 .0 9 1 7 1 # 2 .1 2 3 ,1 2 5 48

3 3 .0 0 0 OO

C a s h ............................................................................

9 0 8 .4 6 3 1 7

A g e n t* ' a n d C o n d u c to r s * b a t o n r * . d u e a n d

PiV.'-bto i / d ; s in k in g F u n d ' ........................
ft. <!. 86. RK I ■«.. i »* M • e n d a in r r e » . w y
E . <*. 44ra.ii.twB Hy. Cu* 1 s t Mr B«
HI

REPORT OF THE AUDITOR.
T h e D e v v i it & R i o (S r a m . e R R
D

eb

v E ft, C

olorado

Co ,

i

, A u g u s t l i. 1805. (

M r . S t s p u e v L i t t i . k, C o m p t r o l l e r .

Dear S ir .-—I beg to (ransmit herewith the tabular statemet»t» showiag the operaiiops, :inane mi *nd stat miie.ii. of the
Company's lines for the fiseal year ended June 80, 1895.
Yturo K»p*cifully.
E. R. MURPHY. Auditor.

Tiviwirv fiit

K SPK V SEd

FOR THE P ldC sn » . M RVURt* JttWB 3 0 . 18115.
C o m p a re d w ith Y e a r M ad e! J u n e n o , i s o c
E a r n ,m g s 1,801-95.
lS '* 3 -9 t
In.-, n r Dr*

|2«U-.::n:::=nfl:;8SSn
* « i 8 8 '•*«5SS
Express. Mail., M;«cetlaneeu * a n d H e n ! . ..............

0 1 3 ,0 6 3 45

7 7 1 ,6 9 0 3 3

E a r n i n g .................s r i.M lf i'a t o r,r, M . f a & O f k

I.lM .!* il4 9 2
1 8 1 1 0 ,7 9 0 9 # J

87,000 00

D. Us It. or. HU. I V rir o t'c to n a M o n . iioud*

.

in T r e a s u r y ( a t f a c e ) ........................................

3 1 5 ,0 0 0 0 0

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nw tttlteil u n d e r a y re o m .-n t o f Fe'<. 27. '9 5 .

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1 ';0 .S 3 « }*\

T raffic B a la n c e s ............. ................................
S u m ln e s
.............
A c .-n rx T B C o u - E C T im - r .:
U.
S G o v e r n m e n t ...........................................

In d iv id u a l" a n d C o m p a n ie s ............... ..

b - r>Q%>
4 , i 4 0 *3
............. ...

2 1 5 .5 3 9 8 0
------------------

__
2 0 /,0 9 0 60

F u n d , a n d c o n s is tin g o f th e fo llo w in g
s e c u ritie s —
T>. * R G. Im p f .M o r t. B o n d s
..............214.571 17
D. & R. <h F ir - t C on* M » rt. B o n d * ............
15 .662 5<>
R. CL 8 ". RK. Oo. F irst More. B o n d s.
- 172. >1000
GAd, t o b e in v e s te d .......................................... _ ^ ± ! 2 i

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THE CHRONICLE.

424
L IA B IL IT IE S .
V o u c h e r s .................. ............................................... — $ 1 4 5 ,3 1 7
P a y - R o l l s ...................................................................... 2 2 1 ,7 8 2
P a y C h e c k s , •• S e r ie s A ” ........................................
8 8 ,5 3 8
U n c la im e d W a g e s ....................................................
5 ,5 1 8

86

30
39
86

$ 4 6 1 ,1 5 7 4 1

C o u p o n s F i r s t M o rt. R o n d s ................................ $ 1 0 ,5 0 0 0 0
C o u p o n s F i r s t C o n s. M o rt. B o n d s .................... 5 7 6 ,0 6 0 0 0
C o u p o n s I m p r o v e m e n t M o r t. B o n d s ..............
2 0 ,4 8 7 5 0

6 0 7 ,0 4 7 5 0

A c c r u e d I n t e r e s t o n I m p r o v e m e n t M o r t. 5
p e r c e n t B o n d s ........................................................ $ 3 3 ,7 6 4 5 8
A c c r u e d I n t e r e s t o n F i r s t M o r t. 7 p e r c e n t
B o n d s ......................................................
7 4 ,4 6 2 5 0

1 0 8 ,2 2 7
2 0 ,8 4 8
3 3 ,8 6 9
3 0 ,7 9 2
1 6 2 .2 8 7
8 ,5 0 0

E x p r e s s M o n e y O r d e r s ..........................................
S u n d r i e s ..........................................................................
E q u i p m e n t R e n e w a l F u n d .................................
A c c r u e d T a x e s ............................................................
A c c r u e d R e n t a l o f L e a s e d L i n e s .......................

08
95
20
15
11
00

T o t a l C u r r e n t L i a b i l i t i e s ...............................

$ 1 ,4 3 2 ,7 2 9 4 0

B a la n c e, C u r r e n t A sse ts in e x c e s s o f
C u r r e n t L i a b i l i t i e s ...............................................

1 ,9 9 2 ,6 7 0 6 7
$ 3 ,4 2 5 ,4 0 0 0 7

P E R M IL E O P E R A T E D .
E a r n inns
Expenses
A verage
p e r M ile
p e r M ile
M iles
Operated,
o f Road.
o f R oad.
T e a r—
$
$
1 8 8 5 . ................................. 1 ,3 1 7
4 ,6 4 6 0 0
2 ,9 8 8 0 0
1 8 8 6 ................................... 1 3 1 7
5 ,1 1 6 0 0
3 ,2 1 0 0 0
..................... 1 ,3 4 7
5 ,9 2 7 0 0
1887
3 ,5 2 0 0 0
5 ,2 4 2 0 0
1888
..................... 1,-163
3 .4 8 9 0 0
1889
...................... 1 ,4 9 3
3 ,1 5 8 0 0
5 ,3 9 0 0 0
1 8 9 0 —F i r s t S ix M o s . 1 ,4 9 7
1 ,5 7 7 0 0
2 ,5 9 9 0 0
18909 1 ................ 1 ,5 7 9
3 .4 9 0 0 0
5 ,6 0 5 0 0
18919 2 ................ 1 ,6 4 0
5 ,3 8 5 0 0
3 ,1 2 3 0 0
1 8 8 2 - 9 3 ............................ 1 ,6 4 6
3 ,2 0 9 0 0
5 ,6 6 1 0 0
18939 4 ................ 1 ,6 5 4
2 ,4 0 2 0 0
3 ,9 1 5 0 0
18949 5 ................ 1 ,6 5 7
4 ,1 7 4 0 0
2 ,4 0 9 0 0
C L A S S IF IE D

STA TEM EN T

P

&

^

$ 5 1 6 ,4 8 0 2 0

1 ,0 2 2 0 0

2 ,1 1 5
2 ,2 6 2
2 ,4 5 2
1 ,5 1 3
1 ,7 6 5

00
00

00
00
00

3 0 , 1 8 9 5 , C O M PA R E D W IT H Y E A R
30, 1894.

^ ou^ ^ a

S h o w in g p a r v a l u e o f s e c u r i t i e s s o ld a n d i n c l u d i n g in e x p e n d i t u r e s t h e
d is c o u n t th e re o n .
R E C E IP T S F R O M A L L S O U R C E S .
A s s e t s i n E x c e s s o f L i a b il iti e s J u l y 1 2 ,
1 8 8 6 , f r o m R e c e iv e r o f t h e o ld C o ___
R e c e iv e d f r o m R e o r g a n iz a t io n C o m ­
m itte e C a p i ta l S to c k , C o m m o n ........................
$ 2 1 9 ,0 5 0 0 0
C a p i ta l S to c k , P r e f e r r e d ....................... 2 ,0 3 1 ,7 9 2 0 0
C a s h .................................................................
1 ,1 0 5 ,0 4 9 0 2
------------------------C o n s o lid a te d M o r t. 4 p . c. B o n d s is s u e d . $ 6 ,0 7 5 ,0 0 0 0 0
I m p r o v e m e n t M o rt. 5 p .e . B o n d s is s u e d .
8 ,1 0 3 ,5 0 0 0 0
------------------------R e c e iv e d f r o m S a le o f R e a l E s t a t e ..........
R e n e w a l F u n d p r o v id e d f r o m I n c o m e
a n d e a r n e d a s s u c h , in c lu d in g $ 6 1 ,4 7 5 3 8 a c c re tio n s th e re fro m
(se e
c o n t r a ) ................................................................
S u r p l u s J u n e 3 0 , 1 8 9 5 .............................

JU N E

BN DED JU N E

a s -

N et E aim s
p e r M i lt
o f Road.
$
1 ,6 5 8 0 0
1 ,9 0 6 0 0
2 ,4 0 7 0 0
1 ,7 5 3 0 0
2 ,2 3 2 0 0

F R E IG H T , T O N N A G E A N D R E V E N U E ,

F O R T I I E F IS C A L Y E A R E N D E D

so ers
“ O

O F A P P L IC A T IO N O F N E T IN C O M E A N D R E C E I P T S F R O M A L L O T H E R
SOURCES FRO M JU L Y 12, 1 8 8 6 , TO JU N E 3 0 , 1 8 9 5 .

fVoL. LXI,

t-*o®>3o o a ^

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E X P E N D IT U R E S .
C o n s t r u c t i o n o f B r a n c h e s ..........................
B e t t e r m e n t s —g r o s s c h a r g e s t h e r e t o . . . $ 1 0 ,3 5 0 ,4 6 7 3 3
L e s s A m t. p r o v i d e d f r o m I n c o m e . .
1 ,1 7 5 ,7 7 0 2 6

$ 7 ,9 9 4 ,5 6 5 8 4
9 ,1 7 4 ,6 9 7 0 7

E q u i p m e n t , a s p e r B a l a n c e S h e e t .......... $ 4 ,1 2 5 ,0 7 1 1 2
L e ss w h a t w a s a c q u ire d fro m th e
o ld c o m p a n y ............................................
2 ,7 3 5 ,2 7 5 9 2
L e a v in g N e t I n c r e a s e o f E q u i p m e n t ...
E x p r e s s E q u i p m e n t ........................................
T r i n i d a d T e r m i n a l s ........................................
B a la n c e C u r r e n t A ss e ts in E x c e s s o f
C u r r e n t L i a b il iti e s (se e a b o v e ) , in c lu d ­
in g t h e r e i n $ 4 5 1 ,5 7 5 3 8 S p e c i a l R e ­
n e w a l F u n d (s e e c o n t r a ) a l r e a d y i n ­
v e s t e d ..................................................................

1 ,3 8 9 ,7 9 5 2 0
5 0 ,0 0 0 0 0
3 8 ,0 1 1 4 9

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1 ,9 9 2 ,6 7 0 6 7
$ 2 0 ,6 3 9 ,7 4 0 2 7

E A R N IN G S , E X P E N S E S A N D N E T E A R N IN G S .
F r o m J a n u a r y ' 1 , 1 8 8 5 , t o JU N E 3 0 , 1 8 9 5 .
A v ’ge m iles E a rn in g s.
Expenses.
N e t E arn in g s.
Teat'—
Operated.
$
$
1885
...................... 1 ,3 1 7 6 ,1 1 9 ,0 5 3 7 2 3 ,9 3 5 ,2 7 3 4 6 2 ,1 8 3 ,7 8 0 2 6
1886
...................... 1 ,3 1 7 6 ,7 3 8 ,0 7 7 4 7 4 ,2 2 7 ,4 1 6 68 2 ,5 1 0 ,6 6 0 7 9
1 8 * 7 ................................... 1 ,3 4 7 7 ,9 8 3 ,4 1 9 0 5 4 ,7 4 2 ,0 4 8 5 3 3 ,2 4 1 ,3 7 0 5 2
1888
...................... 1 ,4 6 3 7 ,6 6 8 ,6 5 4 0 4 5 ,1 0 4 ,6 8 1 7 4 2 ,5 6 3 ,9 7 2 3 0
1889
...................... 1 ,4 9 3 8 ,0 4 6 ,6 0 3 3 7 4 ,7 1 4 ,1 9 3 2 7 3 ,3 3 2 ,4 1 0 1 0
1 8 9 0 —F i r s t S ix M o s . 1 ,4 9 7 3 ,8 9 0 ,8 5 2 9 7 2 ,3 - 0 ,1 4 2 88 1 ,5 3 0 .7 1 0 0 9
18909 1 ................ 1 ,5 7 9
8 ,8 5 0 ,9 2 0 3 45 ,5 1 0 ,3 0 3 4 6 3 ,3 4 0 ,6 1 6 88
1 8 9 1 - 9 2 ............................ 1 ,6 4 0
8 ,8 3 0 ,9 4 6 5 75 ,1 2 1 ,5 9 3 3 7 3 ,7 0 9 ,3 5 3 2 0
18929 3 ................ 1 ,6 4 6
9 ,3 1 7 ,6 4 6 5 35 ,2 8 2 ,0 8 4 9 2 4 ,0 3 5 ,5 6 1 6 1
18939 4 ................ 1 ,6 5 4
6 ,4 7 6 ,0 4 3 5 83 ,9 7 2 ,5 5 1 1 7 2 ,5 0 3 ,4 9 2 4 1
1 8 9 4 - 9 5 ............................ 1 ,6 5 7
6 ,9 1 6 ,8 4 0 5 63 ,9 9 1 ,2 1 1 9 1 2 ,9 2 5 ,6 2 8 6 5

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O P E R A T IN G E X P E N S E S .

N E W

Y O R K

O N T A R I O
W A Y

&

W E S T E R N

R A I L ­

C O M P A N Y .

SIXTEENTH ANNUAL REPORT—FOR THE FISCAL
YEAR ENDING JUNE 30, 1895.
N

ew

Y

ork

,

August 26th, 1895.

T o th e S to c k h o ld ers:

At the suggestion of the New York Stock Exchange that
Reports cf Railway Companies should be issued before the
annual meeting, your Board of Directors decided that the
report of operations for each fiscal year should be placed be­
fore you prior to the date fixed for the subsequent annual
meeting, and the report for the year ended June 30, 1895 is
therefore sent you as soon after the closing of the accounts
as possible.
The receipts and disbursements for the last fiscal year,
compared with the receipts and disbursements of the preced­
ing year, were as follows :

T o ta l,

^ 1895.
$ 5 9 9 ,4 5 1
2 ,9 0 8 ,0 3 4
1 2 2 ,9 3 1
3 8 ,6 9 4

79
89
82
68

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

1894.
$ 6 7 9 ,1 4 9
2 ,9 9 7 ,0 1 1
1 2 4 ,8 4 1
4 1 ,1 1 8

14
22
21
06,

$ 3 ,8 4 2 ,1 1 9 6 3

1895.
$ 7 9 7 ,1 9 2
7 8 1 ,6 8 6
2 4 1 ,3 6 0
4 6 8 ,0 6 7
1 0 9 .3 9 8
1 4 2 ,5 4 5

29
28
86

60
47
86

T o t a l ......................................................................$ 2 ,5 4 0 ,2 5 1 3 6
T a x e s ........................................................................
1 0 2 ,1 6 1 0 8

1894.
$ 8 1 0 ,1 8 5
8 3 2 ,4 5 5
2 2 9 .8 5 6
4 9 0 ,0 1 5
1 1 4 ,4 7 0
1 5 0 ,8 9 5

48
21
89
44
54
65

$ 2 ,6 2 7 ,S 7 9 2 1
1 0 4 ,6 6 0 9 5

T o ta l O p e r a tin g E x p e n s e s a n d T a x e s .$ 2 ,6 4 2 ,4 1 2 4 4

$ 2 ,7 3 2 ,5 4 0 1 6

N e t E a r n i n g s ........................................................ $ 1 ,0 2 6 ,7 0 0 7 4
I n te r e s t , R e n t a l s a n d C h a r g e s ..................
7 0 0 ,3 1 7 9 3

$ 1 ,1 0 9 ,5 7 9 4 7
6 9 0 ,0 1 2 8 9

S u r p lu s .

$ 3 2 6 ,3 8 2 8 1

$ 4 1 9 ,5 6 6 5 8

The receipts from local passengers were §547,108 91, com
pared with $557,870 08 in the preceding year: from through
passengers and immigrants $52,342 88, compared with $121,279 06 ; and from mails and express $122,931 82 against $124,841 21. Freight traffic receipts for the last four years are
classified as follows :
1895.

R 1SC H IPT S .

P a s s e n g e r s ...................
F r e i g h t ..........................
M a ils , E x p r e s s , e tc .
M is c e l la n e o u s ............

C o n d u c t in g T r a n s p o r t a t i o n ........................
M o tiv e P o w e r
...............................................
M a i n t e n a n c e o f C a r s .......................................
M a i n t e n a n c e o f W a y .........................................
G e n e r a l E x p e n s e s ...............................................
M is c e l la n e o u s E x p e n s e s .................................

T h r o u g h F r e i g h t 3 0 3 ,5 8 4
L o c a l F r e i g h t . . . 6 4 1 ,5 4 1
M i l k ......................... 3 8 1 ,6 8 1
C o a l.........................1, 5 8 1 ,2 2 7
3 8 ,6 9 4
M is c e lla n e o u s ..

1894.
34
2 2 6 ,2 9 1
96
6 6 2 ,8 0 7
30
3 5 4 ,0 3 7
2 9 1 ,7 5 3 ,8 7 4
68
4 1 ,1 1 8

1893
$
55
3 4 7 ,2 4 6
39
6 8 8 ,5 7 1
94
3 4 7 ,3 5 9
3 4 1 ,4 3 6 ,5 3 9
06
3 6 ,5 9 5

1892.
26
3 5 5 .2 9 9
81
6 7 1 ,5 9 5
54
3 0 2 ,6 9 5
5 3 1 ,1 2 6 ,4 5 6
20
3 5 ,8 2 7

89
23
85
77
88

T o t a l ...............2 ,9 4 6 ,7 2 9 5 7 3 ,0 3 8 ,1 2 9 2 8 2 ,8 5 6 ,3 1 2 3 4 2 ,4 9 1 ,8 7 5 6 2

Sk t e m b e k 7, 1895.

THE CHRONICLE.

425

Following the usual form, a comparison of operations with passenger business is still an unsettled and disturbing factor.
There is as yet no certainty that an advance in rates, to a
those of previous fe a ts is submitted :
reasonably profitable basis, can be arrived a t or maintained,
te a r
O p e ra tin g FxX et
although strenuous efforts are being made to secure that
e n d in g
penen and
R even u e.
C tia ryes.
S u r p lu s .
J u n e E a rn in g * .
Tart*.
result. The tendency of legislation and operations of com­
9
30.
S
$
1 3 2 ,4 0 3 58 2s.>.061 6 7 1 4 6 ,4 4 1 01 binations of shippers are still against any just or reasonable
1S90. .2 ,2 0 0 ,4 4 6 0 1 1 .7 6 8 ,0 4 2 43
6 3 4 ,3 3 0 0 0 5 5 3 .8 0 0 6 8 1 0 0 .4 3 9 32 measures on the part of the railways for remunerative or
1 8 9 1 ..2 ,8 0 i',702 10 2 .;
16
281 50 5 9 7 ,2 0 2 22 2 i >-,. i1 p l * stable rates.
l i _ . ; -■■■■. 7 - — - ' .
The law recently passed by the New York Leg­
8 8 9 ,9 1 8 90 0 3 3 ,9 9 5 79 2 5 0 ,8 5 2 51
18 % 3, 58 8.178 Kl 2,7!
*;1894. a ! ' 12,119 63 2.73*2,54010 1 .1 0 9 ,5 7 9 47 6 9 0 ,0 1 3 89 4 1 9 ,5 0 6 53 islature and approved by the Governor, obliging railway
1 8 9 3 ,-3 ,6 « « A 1 3 IS 2 .6 4 2 ,4 1 2 4 4 1 ,0 2 6 ,7 0 0 7 4 7 0 0 ,3 1 7 9 3 3 2 6 ,3 5 2 81 companies to issue thousand-mile tickets at two cents a mile,
lu conn* ction with the foregoing revenue statement for six is legislation in the direction of lower passenger rates and
vears, the following summary of passenger and freight traffic opportunities for collusion between a certain class of the
traveling public and the servants of corporations. Such
is (.resent* d :
legislation as this may be popular bat it is not less wrong,
C a rrie d
Ton* o f
C a rrie d
P a s s tn a e r s
I he railways are not only obliged but they are willing to
F reight.
One. M ile.
One M ile.
C a rrie d .
3 2 .1 1 2 ,4 9 7
1 ,2 5 7 .1 9 9
1 1 4 .3 5 4 .5 7 0
increase the facilities and comforts of the traveler; arid while
1,990.............. 8 2 7 .7 6 6
1 ,7 3 7 ,0 5 9
1 9 4 ,8 9 7 ,7 5 9
3 6 ,0 1 1 ,4 3 9
1891
...1,0 0 8 .2 1 5
public demands in that respect have been more than met
2 .0 8 5 ,7 6 9
2 0 3 ,3 3 9 ,1 1 8
3 7 ,0 0 6 3 8 5
1892
..1 ,0 6 0 ,3 8 3
from year to year, the compensation of the companies for
10,358.702
2 .2 0 1 ,4 3 0
2 0 4 .6 3 6 ,5 3 3
___ l.|.-.">7.->U
the
service afforded has steadily declined.
3
6
,9
1
8
,6
0
2
2 ,4 0 4 ,3 5 8
3 2 8.033.U 16
1894
. 9 2 6 .6 5 7
.
2 .5 4 0 .1 5 7
3 5 9 .,-;:.'
. 8 2 5 .5 6 3
1895
In the Eighth Annual Report of the Inter-State Commerce
It will be observed that local freight earnings were £641,- Commission, page 52. the average receipts on passenger traffic
54S 96. compared with $883,807 39, a decrease of $21,285 43; ft r the years 1888 to 1894, inclusive, are stated to have been
and that through freight receipts were #303,564 34. against as fellows:
-.2*349 c “ u t»
1 8 8 8 , P a s s e n g e r R e v e n u e p g r p a s s e n g e r p e r m i le
$226,291 55, an increase of £7 7,292 79.
...2 - 1 6 5
“
Local freight traffic as well as local paasengt ream ings have
.. .2 - 1 6 7
“
continued to feel the effect of the business depression which
— 2 -1 4 2
“
...2 - 1 2 6
"
continued throughout the greater part of the fiscal year under I
...2 * 1 0 8
«
consideration.
...1 -9 7 6
“
Since June 30th, 1890. when the Scran too Division was
The report goes on to say that if the average receipts per
opera d, the anthracite coal tonnage, including coal received
at Sidrey from the Delaware & Hudson Canal Company, mile per passenger for 1888 had been revived on Che volume
of traffic carried from 1889 to 1893, the public would have
has been :
R e ventte.
Terns.
paid $133 500,983 more for passenger transportation to the
8 7 8 2 ,2 1 8 2 9 railroads of the United States than was paid. The steam
Year ending Jane 30tli. >.=91........ ........... 811,485
«
*
**
1 8 9 2 ..............................1 ,1 2 0 .4 1 6
1,126.156 77
1 ,4 3 0 ,5 3 9 5 3 railways have also to take into account the rapid extension of
*•
“
1803.................
1,352.295
1 ,7 5 3 .8 7 4 8 4 electric lines between all points where the volume of passenger
*•
•*
1 8 9 4 ........
1 .6 4 2 ,0 6 3
1,715,991
••
«
1885......
M S I , 2 2 7 *29 business promises a fairly remunerative return; and the con­
As is well known, the coal traffic has been in an exceed­ struction of such lines has not only deprived the steam rail­
ingly demoralized and unsatisfactory condition through mt ways of a large amount of local passenger business but has
the year. The officers of your company have done what they necestarily ltd to the reduction of all local passenger rates
could to resist the tendency toward overproduction and lower between such points.
That the some conditions exist as to freight rates is indi­
rates, hut have been powerless to control the sit nation; conse­
quently the earnings of your company were seriously de­ cated bv the report of the Inter-State Commerce Commission,
dated December 1st, 1804. The average receipts per ton per
pleted.
In connection with and for the accommodation of the coal mile on freight for the year* 1888 to 1891, inclusive, are
business of the Delaware & Hudson i ’anai Company, a supe­ given below:
i-ooi cent*
rior coal trestle has during the last year been built at Oswego. ; 1 * 9 8 , Freight R e v e n u e ti e r tn u per m ile .
•922
This structure will provide the most ample faculties for 11889,
•!>41
**
806,
••
*■
•*
*•
that company at Oswego, and it is expected that shipments j 1*91, ,.
•889 •898 *•
"
«
*•
from Sidney northward by the Delaware A Hudson Ganai 1 * 9 2 , *<
■878 “
1*93,
'*
Company will in the future be very considerably increased.
*886
"
“
«
*♦
Oswego is rapid Iv growing in favor as a shipping point to 1894. **
Canada and the West via the Lake*, as is indicated by the i The report also states: “ Comparing the amount* received
statistics contained in the repart of the Qeoeral Manager by the railways for transportation with amounts which they
•homing the anthracite tonnage handled there during several would have received on the volume of traffic carried from
1889 to 1883, If the average receipts per ton per mite for 1888
years past.
On and after January Dt, 1806, the rate* of train mileage had been maintained during the subsequent live years, it apto bo paid by the New York Ontario & Western Hallway
* that the public would, m such case, have paid for
Company to the Mew York Central & Hudson River Railroad |
;bt transported by rail $391,933,605 more than was paid,”
Company, lessee of the West Shore Railroad, for trackage i That these reduction* have been a public gain to a some what
right* south of Cornwall Landing, are. under the agreement doubtful proposition, in view of the fact that in 1894 fully
dated January 18th, 1888, put upon a new bast#, viz.; Instead twenty-five per cent of the railway mileage of the United
of paying twenty cents per train mile for each passenger State* was iu the hand* of receivers. UnreaB m arly low
train consisting of eight cars or lew, and thirty cents per rates are in the end not an unittixed blessing or of perinment
train mile for each freight or mixed train consisting of forty- advantage to the people.
It i* doubtful whether anything is to hi exp’Cted from
cars or less, the Ontario Company is to pay:
First.—Such proportion of the expense of the maintenance legislation, either Stats or National, hut railway companies
of the road between Cornwall Landing and Weehawken and are now incline i to look to the State and Inter-State railroad
its appurtenances (-xclusive of shops and engine houses) aa its Commissioner* for protection from attacks by legislatures
train mileage shall bear to the entire trtio milt ag* on mod and combinations of shippers. It is doubtless unfortunate
portion of the road.
that the -bur * and bonds of our railways are not owned, as
8* cond. —The same proportion of the interest at the rate of they an- in most other countries, by their patrons. A large
four pier cent per annum upon an amount which shall be p-rcentage of A ii-rictn railway inrestiu. rats are owned
ascertained by adding (o the sum of two millions of dollars, abroad or in a few financial centre* at home, and there is little
the run.* of me w j actually expended by the Central Company in common bet we-n the patron and the owner of securities of
o r the West Shore Company for n> cess try improvements.: moat of the American railroad* Th- result is a constant
tabs*'!(tent to January 1,1886
struggle on one -i for rates which barely o u s r th » cost of
Such sums h r train mileage shall include all charge* for :ranspartalion and the loss on the other aide of a reasonably
use of the road and its appurtenances between Cornwall fair return upon investments.
Landing and Wee haw ken, except a proportionate share of the ! It is her,.,} that the experiences of the last four or five years
expenses of the yards and station houses, agent* and em ­ will be followed by a healthv reaction, and that the public
ployees at Cornwall; to be determined as to yards by the num­ and the legislator will realize that general prosperity is, to
ber of caw using the yard and not going through, and a- to some extent, dependent upon the prosperity of our railroads,
the rest by the comparative num b r of passengers at d ton­ so that ultimately there may be co-operation between the
nage of frt ight to and from that station. The Ontario Corn- manager* of the railways and the public, at least in the direc­
par. v has also tr> p*y tor water actually used for it* engines at tion of reasonably fair and stable rates.
The Board has given much thought to the question of payWeehswken at d New Durham at the same rate* paid by the
Central Company.
tog a small dividend on the common stock, in order to termi­
In other words, instead of paying a fixed sura per train nate the existing voting trust. This subject has been agitated
by one or two American stockholders, and the president of
m i l e , t h e O o t a r i o C o t D p x o y . a f t e r J a n u i r y l next, will p a y
iM proportion of th* owl of maintaining the hue between your company, when in London, in March last, brougnt the
Cornwall and Weehawken, and its proportion of th»* interest matter to the intention of representatives there of a very
at the rate of four per cent annually unon two millions of I large amount of capital stock.
So much has been printed and said on the subject that it
dollars and such sum* m have been actually exoended for
seems proper with litis report to present a state none shoving
me* ?* >ry improvement* since January 1, 1866.
The O .farm Oomptny’a charge for trackage will he such bow the trust originated and why it baa been necessary to
proportion of the whole sum a* it* train mileage shall bear to continue it for a time.
When the Oswego Midland Railroad was reorganized, and
the entire train mileage of Wp»t Shore and Ontario trains
pasting over that portion of the Hue between Cornwall Land­ the New York Ontario & Western Railway Compuiv formed,
the Articles of Association of the latter company provided
ing and Weyhawken.
a*
The question of rates on both through and local freight and i th a t:

S

426

THE CHRONICLE.

“ Itif imliiersof the Receiver's deni ahull, for the i*ri< ci.ial
and intense thereof, up to January 1st, 1879. takein exe.h n e
th refor the preferred stock of the New \o rk 0 oarto &
Western Railway Company, the whole issue of which is to he
limited m amount to the sum of two million dollars, which
preferred st' ck shall have a first lien on the net income of the
railroad company, after paying operating expenses, including
taxes, insurance, renewals and repairs, and the reservation of
a reasonable working capital, not exceeding in amount the
sum of $50,000, to the extent of six per cent per annum, from
the net current earnings of each yetr.
“ The Botird of the successor company shall consist ot tmrteen directors, of whom the preferred stockholders are to
elect eight and the common stockholders five, until Buch time
as the company shall Ivive earned and paid a dividend upon
the common stock. Upon the happening of which event the
directois shall be elected by a majority of both classes of
stocks voting at any election.”
In 1885 the financial affairs of the company were in extremia, and it was deeply involved in perplexing cocnpucations with the affairs of the North River Construction Com­
pany, the New York West Shore & Buff il->Railway Company
and the West Shore & Ontario terminal Company. A com
mittee for the protection of holders of common stock was
formed in Lt)’ don, with Mr. Joseph Price as Chairman and
similar committees were organized in Amsterdam, New York
and Philadelphia to co-operate with the London committee.
The most important question then presented was the control
of the New York Ontario & Western Railway by the holders
of its common stock. The attention of these committees was
first given to that subject, and with the co-operation of the
officers a d s me of the directors of the company, and under
advice of eminent counsel, including M-ssrs. Seward and
D i Costa. H h i . Ashbel Green and B F. Dunning, Esq., an
Act was fram d, designed to accomplish the desired object.
The Act pa-sed the Senate and Assembly, and after a prolonge i hearing at Albany, was finally approved by the Hon.
Dt id B. Hill, at that time Governor of the State. The Act
is as follows :
Chapter 421, L aws of 1885.
AN'ACT to authorize the New York Ontario & Western
Bmway Company to exchange mortgage bonds for preferred
stock, and to cancel such preferred stock.
Passed June 8, 1885; three-fifths being present.
The People of the State of New York, represented in Senate
and Assembly, do enact as follows:
S e c t io n 1. T lio N e w Y o r k O n t a r i o & W e s t e r n R a i lw a y C o m p a n y is
In -ro b y a u t h o r i z e d t o is s u e I t s b o n d s , s e c u r e d b y a n y m o r t g a g e u p o n
th e p r o p e r t y a n d f r a n c h i s e s o f th e c o m p a n y h e r e t o f o r e e x e c u t e d ,o r t h a t
m a y h e r e a f t e r h e e x e c u t e d b y s a i d c o m p a n y w ith t h e a s s e n t o f a m a ­
j o r i t y In i n t e r e s t o f t h e s t o c k h o l d e r s o f e a o li o la s s , i n e x c h a n g e f o r t h e
p r e f e r r e d s to c k o f s a id c o m p a n y ; p r o v id e d t h a t s u c h e x c h a n g e a n d
t h e I s s u e o f b o n d s t h e r e f o r s h a l l h a v e b e e n f i r s t a u t h o r i z e d b.v a m a ­
jo r ity o f th e d ire c to rs o f s a id c o m p a n y , r e p r e s e n tin g e a c h c la s s o f
s to c k h o l d e r s , a n d t h a t t h e r a t e a t w h ic h s u c h e x c h a n g e s h a l l b e m a d e
s h a l l n o t e x c e e d o n e d o l l a r o f b o n d s f o r o n e d o l l a r o f s to o k a t p a r .
8 k c . 2. W h e n e v e r a n y s u c h e x c h a n g e s h a l l b e m a d e , t h e s to c k f o r
w h ic h t h e b o n d s s h a l l b e is s u e d a n d e x c h a n g e d s h a l l b e t r a n s f e r r e d to
a n d r e g i s t e r e d u p o n t h e b o o k s o f t h e c o m p a n y in t h e n a m e s o f
T h o m a s P . F o w le r , R ic h a r d I r v i n , J r . ; T h o m a s S w i n y a r d , C h a r l e s S.
W l i e l e n a n l W illia m F . D u n n in g , a s T r u s t e e s f o r t h e N ew Y o rk O n ta r i o
& W e s te r n R a i lw a y c o m p a n y , w h o s h a ll h o ld t h e s a m e u n t i l a l l t h e p r e ­
f e r r e d s to c k s h a ll b e s o e x c h a n g e d a n d t r a n s f e r r e d ; a n d u n t i l t h a t
ti m e th e t r u s t e e s a f o r e s a i d , a n d t h e i r s u c c e s s o r s , s h a l l b e e n t i t l e d t o
v o te u p o n a n y p r e f e r r e d s to c k so e x c h a n g e d a n d tr a n s f e r r e d a t a ll
e l e c ti o n s f o r d i r e c t o r s r e p r e s e n t i n g p r e f e r r e d s to c k , a n d a t a l l m e e t ­
i n g s o f s to c k h o l d e r s ; b u t s u c h s t o c k s h a l l n o t h a v e a n y r i g h t t o d iv i­
d e n d s a s p r e f o r r e d s to c k o r a n y e t h e r p r e f e r e n t i a l r i g h t e x c e p t t h e
r i g h t o f v o ti n g , a s a f o r e s a i d .
S ec. 3. I n ca so a n y v a c a n c y s h a ll o c c u r b y d e a th , r e s ig n a tio n o r
o th e r w i s e , in t h e o ffic es o f s a id t r u s t e e s t h e s a m e s h a l l b e f ille d b y t h e
re m a in in g tr u s te e s , w ho s h a ll d e s ig n a te th e s u c c e s s o r o r s u c c e s s o rs to
t h e t r u s t e e o r t r u s t e e s w h o s e o lfice s h a l l s o h a v e b e c o m e v a c a n t , b y a n
i n s t r u m e n t in w r iti n g , e x e c u t e d u n d e r t h e i r h a n d s a n d s e a l s , a n d a c ­
k n o w le d g e d in t h e m a n n e r p r e s c r i b e d b y s t a t u t e t o e n t i t l e a c o n v e y ­
a n c e o f r e a l e s t a t e to bo r e c o r d e d , a n d HLed w ith t i l e s e c r e t a r y o f s a i d
ra ilw a y c o m p an y .
S ec 4 . W h e n a ll s u c h p r e f e r r e d s to c k s h a ll h a v e b e e n t r a n s f e r r e d ,
t h e e e rtid c a tC B t h e r e o f s h a ll b e s u r r e n d e r e d b y s a id t r u s t e e s , o r t h e i r
s u c c e s s o r s , to t h e s a i d r a i l w a y c o m p a n y , a n d t h e r e u p o n t h e s a i d c e rtifio • te s a n d s a id s to c k s h a ll b e c a n c e le d a n d s a i d s to c k s h a l l n o t b e
r e - i s s u e d ; a n d u p o n t h e filin g in t h e offic e o f t h e S e c r e t a r y o f S t a t e o f
t h e S t a t e o f N ew Y o rk , a n d o f t h e c l e r k o f t h e c o u n t y i n w h i c h t h e
p r i n c i p a l office o f t h e s a id r a i l w a y c o m p a n y is l o c a t e d , c e r t if ic a te s
s e t t i n g f o r t h s u c h e x c h a n g e , t r a n s f e r a n d c a n c e l l a t i o n , s ig n e d b y a m a ­
j o r i t y o f a l l t h e d i r e c t o r s o f s a id r a i l w a y c o m p a n y , a n d v e r if ie d u n d e r
o a t h b y it s p r e s i d e n t o r s e c r e t a r y , t h e c a p i t a l s to c k o f s a i d r a i l w a y
c o m p a n y s h a ll b e t h e r e u p o n d e e m e d t o h a v e b o o u a n d s h a l l b e t h e r e b y
r e d u c e d to th e e x t e n t o f th e a m o u n t o f t h e s a id p r e f e r r e d s to c k s o e x ­
c h a n g e d , t r a n s f e r r e d a n d c a n c e le d .
S e c . 5. T ills a c t s h a l l t a k e e ffe c t I m m e d ia te ly .

Mpfsrs. Thomas Swinyard and W F. Donning afterward
resigned as trustees, and Messrs Joseph Price and H. Pearso
of London were elicted by the remaining trustees as thei
successors.
The tiustees, under the act in question, therefore represet
and have always acted as trustees of the holders of commo
slock, and have continued for ten years past to elect directo:
solely in the interest of such common stock holders.
Had the preferred shares as exchanged for bonds been cat
celed and the voting power on the exchanged sto k not bee
kept alive in the way provided by the L"gislature, the ownet
of a small mn ority of preferred shares outstanding might sti
have continued to control the management of the Company
by electing eight of the thirteen directors.
The present position, therefore, is that the voting now<
wdl continue until,
1. All preferred stock outstanding is exchanged for bond

[VOL. LSI.

2 Until such time as a dividend on the common stock shal
be earned and paid.
All of the preferred stock, with the exception of -ixty shares,
has been exenanged for bonds, under the act recit'd, and for
these sixty shares, 88,000 of b mds were dep isited hv the rail­
way company with the Farmers’ L >an & Trust Company, for
exchange, whenever the shares should be presented, an 1 since
that time the redemption price of the bonds, with accrued in­
terest, has been paid in to the trustees, suojeot to the orders
of the owners of the stock.
The transfer agent and officers of the company have en­
deavored to trace outstanding shares, and the numb r has
been gradually reduced to the am out nam-d; part of this
amount is represented by fracti in*l re teip's issued for re­
ceiver,-.’ certificates, and many of these are likely to have been
mislaid or des royed. It is quite prooable that the entire
amount never can be brought in
The alternative, and apparently most desirable method for
disposing of the trust would be by the declaration and p iyment of a dividend upon the company’s common stock
Tnis proposal has, as stated, been presented to the represontatives of a large majority of common stock held abroad, as
well as to representatives of large interests at home ; and
after due dt-liberation they have advised that the voting trust
as at present constituted was in no way detrimental to the
company or objectionable to its stockholders generally, but,
on the other hand, was, for the present, to some extent, a
safeguard and protection to the owners rf the company’s
bonds, as well as to the large majority of shareowners at
home and abroad. The conclusions arrived at are embodied
in the following statement, prep ired at an informal confer­
ence, held last March, in the offi -e of the Englt-h Ass >eiation
of American Bond and Shareholders, No. 5 G eat Winchester
Street, London, E. C.
“ More than half of the shares of the company are owned
abroad. Stockholders abroad are quite uuco icer.wd about
the voting trust and are indifferent ii regard to termioaiing
it. It is looked upon as a trus , originally created for the bene­
fit of the common stockholders and continued f"r their pro­
tection. The question of paying dividends should rest wholly
with the Board and the financial ability of the company to
continue the payment of dividends is the only basis which
would justify the company in declaring one The proposi­
tion to pay a small dividend with the sole object 0f termi­
nating a voting trust, which verv few shareholders ooject to,
is looked up m as misleading and inexpedt- d
Yi ur directors a ‘d officers are, however, uesiroua of ending
the trust at the earliest moment practicable, and as soon as
the financial condition and surplus earnings of the cotmany
justify, in their judgment, the payment a-d continuation of
an annual dividend on the common stook, the same will be
declar d without hesitation or unnecessary delay.
It must be conceded that the voting power has in no way
been abused; nor has it bpen detrimental to'he interests of
the 8tockh lders, who for the last ten years have continued
to loyally support the present management.
Within the period nam d the earnings and traffic have b 'en
materially increased. Gross earnings from $1,688,093 95 in
1887 to $3,669,113 18 in 1895, or 117’35 per cent. Net earnings
from $320,449 19 to $1,026 700 74. or .20'39 per cent, and sur­
plus earnings from $66,697 75 to $326,382 81, or 389’35 per
cent.
In 1887 the number of passengers carried one mile was 28,282 9'7; in 1865, 29,035,710; increase, 266 per cent. The
tons of freight moved one mile in 1887 amounted to 63.486,586
tons and in 1895 to 359,358,052 tons; in rease, 466 04 per cent.
Within these eight years $11,142,794 51 have been economi­
cally and judiciously expended upon the property, from sur­
plus earnings and proceeds of bonds, in the construction of
the Scranton extension, additional terminals, new equipment,
buildiDg of the Zig Zag Tunnel, improvement of grades and
other additions and betterments; while renewals have in­
cluded the replacement of old iron and light steel rails by
heavier steel rails, reconstruction of bridges, and many im­
provements in other directions, providing enlarged facilities,
and securing not only greater safety but decrease in cost of
operation.
Ail capital expenditures and details of improvements have
been fully set forth in the company’s annual reports issued
siDce 1888.
The credit of the company has also been advanced from a
condition in which it was most difficult to sell a six-per-cent,
bond at 85 to the present, which finds the company’s four-per
cent bonds having a ready sale in the open market at a price
considerably above ninety.
In view of these results your Board of Directors feel that
they are entitled to your confidence, and if such results dur­
ing the period reviewed have been sitisfactory to the stock
and bondh dders, it may with reason be asserted that the trust
hae, on the whole, bepn of much advantage to the property
and a wise provi-ion for its benefit and security.
The position of the company is now comparatively strong,
and its future prospects, in the opinion of your Board of
Directors, warrants the belief that the trust may be ter­
minated at no distant day by the declaration of a dividend ;
but the directors believe that this qu-stion should be left to
them, with the assurance on their part that at the padiest
practicable moment they will take such action as will restore
to stockholders of record the right to vote directlv for the
entire Board. This right exists now in reaii'y, and the inter­
vention of trustees is merely perfunctory so far as the annual

September 7, 1895,1

THE CHRONICLE.

election of eight of the thirteen directors is concerned ; but
ail v ititis trusts are recognized as objectionable. and this one
should, in the opinion of the Board, he terminated when the
purpose for which it was originally formed has been hilly
saoserved.
Trie Board regrets to announce that since the close of the
fisc d yeas the company has lost, in the d-ath of Colonel E.
K. Sibley, one of its m st efficient and faithful directors
Owing to the near approach of the annual election no action
has been taken by toe Bturd toward the election o f a succes­
sor. hut the name of Mr, C. Ledyard Blair, of Messrs. Blair &
Ox. New York, will be presented to the stockholders at the
approaching meeting for election to the vacancy.
The etnph yaea of the company have, as in the past, con­
tinued fai.hful in the dischatge of their duties, and your di­
rectors feel that their loyalty to the company should ba ac­
knowledged in this report.
Bv Older of the Board,
THOMAS P. FOWLER, P resid en t.

C H IC A G O

427

toon bridge across the river, was purchased by this Como my,
for the sum of $95,000. and is naw oparated as pare of tha
Prairie du Chien Division.
An extension of the Wisconsin Talley Divid in, from Mtnocqua, its former terminus, to Star Like, a distance of 18-80
miirs, has been completed a t a cost of §183,023 73.
No other extension has l>*t*n made,
B O L T IN G S T O C K .

The amount of $54,905 13 h is been expended dating, the
past year for new rolling stock and appliances,, of which
amount 826 .204 61 has been charged to the Robing Stock Re­
placement Fund and 878.700 51 has been charged to.C.wt of
Road and Equipment, as follows;
Charged to Rolling Stock Replacement F u a d 100 flatcars............................................... $25,203 66
1 special flat oar foe heavy machinery 1,000 95 $36,204 61

Charged to cost of Road and Equipment —
1 Class -‘C” Locpmottve........................... $8,000 00
Power Brakes, Automatic Couplers
Steam-heat Equipment and other i ;uprovemems......................................... . 20,700 51 $28,700 51
M IL W A U K E E & S T . P A U L R A IL ­
WAY C O M PA N Y .

THIRTY-FIRST ANNUAL REPORT—FOR THE FISCAL
YEAR ENDING JUNE 30, 1895.
The President and Director* submit to the Stockholders the
following rep irt of the bmintws and operations of the C >upariy for the y. ar ending June 3), 1895, and of the condition
of its property and finances at the close of that year.
The operations for the year show the following result :
Gross earning*.....,...............
f3t.335.369 19
Operating expenses.............................................. 17,043,733 <9

C O M P A R A T IV E S U M M A R Y O P O P E R A T IO N .
G ross E a rn in g s,

1894................... $31,327,050 95 I
1$»5................... 21,365.869 19 ] D crease................$3,983,531 79
O p eratin g Expense*.

1891................... $10,114.331 6*» I
1895 .............. . 17,043,753.9 ; Decrees -.............$3,070,579 56
S e t E a rn in g s.

1804___I ...........$11,318,#18311
1>95................... 10,291,6 6 10 | Decrease............... $022,002 20
# Tons o f F reig h t C a rrie d .
Net earnings........................................................ $l0,v9l.6l6 10
Income from other aoutc-a................. ................
131.6.7N
1895............................ 10,415.943 jDecrease......................... 818,116
Tola!.............
»l<U28.2fl3 H
tCumber o f P assen g ers C a rrie d .
fixed chargee—interest on bond.-,....... .............. 7.63,‘.377 (ft 1894................. .....7.9*91.883 j
Balance above fixed charges.................... . f \7Jfs.8ui "7 1-yr,........................ 7 231.299 Decrease....................... 686,588
M ik* R un hy Revenue T ra in s.

During the year two dividends aggregating seven i> r
t
were paid on preferred stock »».<l two dividend-. twgr. gating
three n«r cent were p d t on comm on -took—of wnicn «Ii*i
dend No. 49, pild October 32. 1WJI—3 t j per cant on p'»*f.*rr<*d
and 2 per cent on common stock—wx- from net earning- of
the previous fiscal year ending June 80, 1884.
U tu ts OF TRACK.
The Company owns and Optra!*** 6,108 73 miles of railway
m t< Slows:
Main track owned solely by this Company.,,. 8.159 10
Main track owned jointly with other Co o»panics,......... ....................... ............... .
9 S3
Total length of main track.......... ........... .
Second and third tracks and ecmwetioo tracks
ow tied solely by this C etnptnr.......................
Second and third track* and coonsettoh tracks
owned jointly with other Com panks.. . . . .

« AH 73
211 58

1894 .........................31.705.62-1 j
|v # 3 ....................... 19,880.478 ID-cr-ase.....................3,825,153
M ileage o f L oads i F re ig h t C u rs.

IBM......................... 3 9,361.6$$! I
1893 .......................170.879,317 IIV-rea*e.................... 29,883,476M nm gc o f E m p ty F reig h t C urs.

1894......................... *0.8-4 * 3 i
1*95 ........................ 7 v «».»,:! !D e ra se...................... 3 , r 8,839
Cost o f O p eratin g H o ld P e r R rrm u e T ra in Mile R un.

l*!>4 . . . ...................9167 cl* {
$
1 8 3 3 . ................. 87*94 cie I D-cream...................

178 cl*.

Grom g a m in g * P e r Mite o f M old.

1*9*.......................... r , 1*96 40 l
I - G .................. ... 4,448 93 I .D-*cre***..................... $658 $7
Op -ruling JStpcn.<e< p e r Mile o f tioeid.

3 42

189* . ........................ ♦3.27*2 18 :
1835..........___ ... . •* 767 H i S>i’t?rea»c........................$598 04

Total length of second and third tracks
SO E ‘irm og.i P e r Mi la o f R oad.
and eonmetions.
........................
315 t>0
1634...........................
Si.821 22 l
Track- owned by other CotnpatuV*, but tied
by this Company under agreement*...............
61 97 1693................... - f,6*«» '■ > ’ D*i re«*“ .......................$153 33
A ixrage ,1R l.u o f R ood O p e ra tr.t p a r i n g the Year.
Yard Hack.-, ridings and spur track* own-d
roleir by thi- Company..
..........
. . . i, ■ Of
1-3S.......... ................ 6.147 0- |
Yard track*, siding* soil spur track* owned
. >1 .......... ..............<*- K.'J i • ■l
* ........................... W-27
jointly with other Oompanb*___ ___ .
81-23
Total length of yard truck*, sidings and
»por tracks................................. .

G ENERAL REMARKS.

1.884 82

Total miles of track____ _
.- . . . ___
7,810*02
The fines of road a*e !■c ited a* follows:
In lllio o lr......................... ........................ ' .. .
: - .
Wi,con-in.
. .....
....... . ........... IJR H T *•
Iowa................................................................. u m i
“
Mutt.,, to
............................. ...................1,190*99 **
North Dakota......... .............. .....................
H801 “
Booth Dakota.., ............................................1,101 f>6 “
Mla*ouri, ...............................................
140 27 *•
Michigan.. ........................................ ............. 182-OS “
Total length of main track...........................6,16878 miles.
After the nnatru o tim of the road from McGregor. Iowa,
westward, the transfer of freight and piswnger* across the
24i**B*i(.pj t,. iw. en Prslris d<» C u lm and McGregor wes
made, for it time, hy steamboats own* I and operated by John
L-wIer, Su-Bfquendy Mr. Liwl r construe-,-d a pm unn
bridge a t bs the riv^r. under the charter of th* P n iri - d t
Chien & MGregor Railroad Company, and c >ntract* were
from time to time mad- with him for the transfer ot all
freight and pa>a*n<<rw. At the erptrati m of th- last contr»«. during the mat rear, the Prairie du Gtien & '1 G r-gor
Rsilroad wl.h its fran jhi** and property, iuciti ling th« pra­

The result* from op radon of your Company's lin»a, com­
pared with the previous v ar. show a d e c re a s e o f gross earn­
ings, $3,992.06178; dreress* of stjMMM, $3,070,570 56, and
decrease of net earnings, 1931.002 30.
Tbeesnbnif* from freight traffic>n the year ending June 80,
16 9 4 . were $21,550,686 79. and in the v«»r ending June 80,
1895, $18,978 202 8 9 -a decrease of $3,513,128 90, or 11-94 p-r
cent The principal d-crease in tonnage was in the following
commodities.; Flour and Mill Feed. 35.235 tons; Wheat. 305.135
tors; Oats, 58,511 tons*. Corn, 363.971 tons; F it* 8 tod, 42.986
tons; other grains. 18,598 ton*: Hty, 52.471 ton*; Lumber,
28 815 tons: Merchandise, 101,512 ton*; MisceiUneottS, 118,581
tons.
The number of tons of freight curried la 1891 was 10,734,058,
and in 1895 in. 175.043—%deci“as* of 318 119 ton*, or 3 95 per
cent; the numb r of tons of f'right csrri-*d one mile in 1894
was 2 077 869.473, and in 1895. 1.765.845,553 - a decrease of
312,628,5*37. or 15 03 cent; the revenue per too p*r mite in 1894
was P037 cents, in 1893, 1*075 c tit*—:in increase o' -033 cents
• r 8*66 per cent; the average miles each ton of freight was
carried in 1-91 was 193-30, and in 1895, 164 50 - a reduction of
21 milts. r»r 12 47 per e-sut.
Tne tonnage of grain and its nro lucts, and otli-r agricul­
tural products, in 1804 was 3,443,317 tons; in 1-95.2.7,14.746
tons—a decrease of 19 74 par cm*; the tonntge of dl ■> tier
commodities in 1894 wa* 7.311,741 tons; in 1343,1,881,193
toriB—ac increase of 5-05 per cent.

THE CHRONICLE.

428

The average rate per ton per tnile received for freights, for
a series of years past, has bsen as follows, viz :
T ear.

1866..........
1867..........
1868..........
I860..........
1870..........
1871..........
1872..........
1873..........
1874..........
1875..........

Ots.

T ear.

C ts.

........ 8-76 1876.......... ........ 2 04
........ 3 94 1877.......... ........ 2-08
........ 3-49 1878.......... ........ 1-80
........ 3-10 1879.......... ........ 1 72
........ 2 82 1880.......... ........ 1-76
........ 2 54 1881.......... .........1-70
........ 2 43 1882.......... ........ 1 48
........ 2-50 1883.......... ........ 1-89
........ 2-38 1884.......... ........ 1-29
........ 2 10 1885.......... ........ 1-28

Y ear.

C ts.

1886..................1-17
1887.......... ........1'09
1888.......... ........1-006
1889..................1-059
1890..................0-995
1891..................1-003
1892..................1-026
1893..................1 026
1894..................1-037
1895.......... ........1 -075

VOL. L X I.

At the close of the last fiscal year the amount of bonds in
the treasury unsold or due from Trustees was $3,990,800.
This amount has been increased $704,000 during the year, for
improvements and additions to the property, and $231,200
representing bonds canceled by sinking funds, etc ; and there
has been dedu -ted §100,000 bonds sold to the Insurance De­
partment of the Company, and §198,000 bonds canceled or set
apart for sinking funds, so that there remain in the treasury
or due from Trustees, June 30, 1895, b inds to the amiunt of
§4,618,000.
The last annual report showed bills payable to the amount
of $1,000,000. During the past year these have been paid off,
and there are none now outstanding.
I n s u r a n c e D e p a r t m e n t . —In the last annual report state­
ment was made that the Insurance Department had a credit
balance of $116,257 03 at the close of the fiscal year ending
June 30, 1894. This amount included income received from
the original guarantee fund, and was subject to claims in
process of adjustment for losses prior to that date. After ad­
justing such claims the balance was §111,909 80. Of this
amount §100,000 was transferred to the guarantee fund and
invested in the purchase of $100,000 general mortgage bonds
of this Company and $10,000 bonds of the Kan. City Belt Ry.
Co., leaving a balance of $11,909 80 carried to the new account.
During the past year the result was as follows :
Amount of premiums received............................ §91,075 73
Income from investments.................................... 18,540 00

The principal causes of the large decrease in freight reve­
nues during the past year have been the general commercial
depression and the failure of crops in a considerable section
of our territory which had heretofore produced a large vol­
ume of long-haul traffic. A loss in traffic receipts of perhaps
$500,000 was caused by the strike which occurred in the
month of July, reference to which was made in last report.
The earning's from passenger traffic in the year ending June
80, 1894, were $7,811,892 10, and in the year ending June 30,
1895, §5,852,781 16, a decrease of §1,459,040 94, or 19-95 per
cent; the number of passengers carried in 1894 was 7,921,882
and in 1895 7,235,299, a decrease of 686 583, or 8 67 per cent;
the number of passengers carried one mile in 1894 was 337,133.838 and in 1895 244,225,688, a decrease of 92,907.650, or
27 56 per cent; the revenue per passenger per mile in 1894 was
Total Receipts.............................................. $109,615 73
2-169 cents and in 1895 2 396 cents, an increase of -227 cents Losses paid................................................ $28,45229
per passenger par mile, or 10-47 per cent.
Expenses paid.............................
4,265 17
The expenses of operation for the year as compared with Losses not yet adjusted (estimated)........ 10,000 00
the previous year decreased §3,070,579 56.
In the expenditures pertaining to maintenance of property
Total Expenditures.........................
42,717 46
there was a decrease in the following items: Repairs of
Track, §467,478 93; Renewal of Rails, §138,965 36; Renewal of Net Income for the year..................................... §66,898 27
Ties, §61.795 19; Repairs of Bridges, §37.662 69; Repairs of Balance of Income June 30, 1894......................... 11 909 80
Fences, §6,819 90; Repairs of Buildings, $53,660 05: Repairs of Losses unadjusted............................................... 10,000 00
Locomotives, §257,421 60; Repairs of Csrs, §333,682 53.
The account, of Repairs of Cars includes §176,145 56 for re­
Cash in Bank................................................ $88,808 07
placement. Of this sum there was actually expended $26,204 61, as shown cn page 427; and the balance $149,940 95,
The Guarantee Fund is charged on the Insurance Depart­
was carried to the credit of Rolling Stock Replacement Fund, ment books at $400,000, and is invested in the following :
which now amounts to $260,610 00, and is sufficietr to replace
the shortage in equipment shown on page 23 of pamphlet re­ Chic. Mil. & St. P. Ry. Co. Consol. Bonds, par value. $10,000 00
port. Although this amount has been charged to operating Cb. M.&St.P. Ry. Co So. Minn Div. Bonds, par value 2,000 00
expenses, it has not been necessary to expend the fund thus Ch. Mil. & St. P. Ry. Co. Gen. M. Bonds, par value 296,000 00
6,000 00
created, because we have had sufficient rolling stock to handle Dakota &Gr, So. Ry. Co. Gen. M. Bonds, par value
our traffic during the period of depression. With an increase Kan. City Belt Ry. Co. First Mort. Bonds, par value 96,000 00
of traffic it will be necessary to use this fund in actual replace­
T otal...................................................... $410,000 00
ment of the shortage.
During the year there were constructed 46 iron bridges,
Since its organization on February 11, 1893. the revenue of
aggregating 3,229 feet in length, replacing an equal number
of wooden bridges; about five and nine-tenths miles of pile the Insurance Department has exceeded its expenses and
bridges were filled with earth—322 bridges being completely losses by $188,808 07, and the original fund of $300,000 has
filled and 80 others reduced in length by filling -and 389 been increased to §410,000, par value of securities held, and
wooden culverts were replaced with iron. Such portion of there is cash on band §88,808 07, against which there are pos­
the cost of this work as represents the excess over cost of re­ sible claims for unadjusted fire losses not exceeding §10,000.
The Board have to place upon record a minute of the death,
newal in the original form has been charged to improvement
account, so that of the expenditures on bridges for the rear on the 13th day of November, 1894. of Mr. J. Hood wright,
$660,332 97 was charged to expense account and $245,871 43 who had served as a Director since June 1, 1889. The recti­
tude of his character, and his faithful and intelligent fulfill­
to improvement account.
There are under construction 47 iron bridges, aggregating ment of his duties, rendered his services as Director most
3,848 feet in length, which will replace an equal number of valuable to the Company.
The General Counsel of the Company, Mr. John W. Cary,
wooden bridges, of which the majority are located on the
Chicago & Council Bluffs Division in Illinois, the River and who had been at the head of its Law Department for nearly
thirty-two years, died on the 29th of March, 1895. By his
Kansas City Divisions
In the items which pertain to conducting transportation death the Company has lost an able, experienced and trusted
there wasa decrease in expenses as follows : Station Service, Counsellor.
For details of operation, reference is made to the statements
$210,258 97; Conductors, Baggagemen and BrakemeD, §200,41185; Engineers, Firemen and Wipers, $214 999 94; Fuel of the General Auditor, appended hereto.
By order of the Board of Directors.
$463,078 86; Oil and Wast->, $25,264 12; Total, §1,114,013 74
ROSWELL MILLER.
The reduction in these items is principally due to decrease
August, 1895.
P re sid e n t.
in tonnage and train service. The wages paid station and
train men were the same as in the previous year. A minor part
S T A T E M E N T O F IN C O M E A C C O U N T
of the reduction in fuel expense is due to reduced c st of coal.
F O R T H E FISC A L Y E A R EN D IN G
Liberal expenditures upon the property during recent years B a l a n c e a t c r e d i t J u n e 3 0 , 1 8 9 4 ............... J U N E 3 0 t h , 1 8 9 5 .
$ 6 ,5 2 1 ,0 4 0 0 8
the comparative cheapness of rails, ties and other material, D u b u q u e D i v is io n S i n k i n g F u n d , y e a r s
and the reduced volume of traffic, made it possible to reduce
1 8 8 7 t o 1 8 9 4 , i n c l u s i v e . - .............. ............
$ 5 2 5 ,0 0 0 0 0
maintenance and operation expenses in the year just closed D iv id e n d N o . 4 9 , p a y a b l e O c t. 2 2 ,1 8 9 4 ’,
f r o m n e t e a r n i n g s o f ii s c a l y e a r e n d ­
The physical condition of the property is excellent
in g J u n e 3 0 , 1 8 9 4 —
There are substantial reasons for believing that the period 3*2 p . c. o n § 2 5 ,9 7 3 ,9 0 0 —p r e f . s t o c k . . .
9 0 9 ,0 8 6 5 0
of depression which has prevailed for the past two years is 2 p . c. o n $ 4 6 ,0 2 7 ,2 6 1 —c o m m o n s t o c k .
9 2 0 ,5 4 5 2 2
1 1 3 ,4 2 5 81
passing away, and with a good crop—wbir-v, present indica­ O ld A c c o u n t s c h a r g e d o ff.............................
2 ,4 6 8 ,0 5 7 5 3
tions. promise—we may expect better results the coming vear.
A t the close of the last fiscal year the share capital of the B a l a n c e J u l y 1 , 1 8 9 4 ...............................
$ 4 ,0 5 2 ,9 8 2 5 5
G r o s s E a r n i n g s ..................................................$ 2 7 ,3 3 5 ,3 6 9 1 9
£ftD?i977fi,Wa T~?refverred Stocb- ^35,973,900; Common Stock, L e s s O p e r a t i n g E x p e n s e s (in c l. t a x e s ) . 1 7 ,0 4 3 ,7 5 3 0 9
T
haB b=en increised during the year endine
June 80th, 1895, by §183,000 of Preferred Stock issued in ex- N e t E a r n i n g s ...................................................... $ 1 0 ,2 9 1 ,6 1 6 1 0
I n c o m e f r o m o t h e r s o u r c e s ..........................
1 3 4 ,6 4 7 0 4
change for a like amount of convertible bonds canceled
At the close of the last fiscal year the funded debt of the N e t r e v e n u e f o r t h e y e a r ...............................
1 0 ,4 2 6 ,2 6 3 1 4
v ^ P* 7 <ut non * 38’80,1’000' . There ha9 been added during the
T o t a l ...................................................................
year $704,000 general mortgage four per cent bonds of the
$ 1 4 ,4 7 9 ,2 4 5 6 9
e d d u rin g th e y e a r o n
Company, for improvements and additions to the property as I nfut enr de es td adcecbr ut....................
................................. $ 7 ,6 2 9 ,3 7 7 0 7
^ 1^ i«® c c aftementi° n, paKe8 25 aud 26 of pamphlet re- D iv id e n d N o . 5 0 , p a y a b l e A p r . 1 9 ,1 8 9 5 ,
f r o m n e t e a r n i n g s o f f is c a l v e a r e n d ­
for undeidymg bonds paid and canceled;
in g J u n e 3 0 , 1 8 9 5 —
and there has been deducted $183,000 for bonds retired by
■Ship. o. o n $ 2 5 ,9 9 1 ,9 0 0 —p r e f . s t o c k . . .
9 0 9 ,7 1 6 5 0
conversion mtn preferred stock, $218,200 for bon d s paid and 1 p . o. o n $ 4 6 ,0 2 7 ,2 6 1 —c o m m o n s to o k .
4 6 0 ,2 7 2 6 1
canceled, and $11,000 for a bond lost or destroyed—leaving toe
8 ,9 9 9 ,3 6 6 1 8
1895, $189 321,0$: “ * th

° l0Se ° f the year fndinS

30,

B a la n c e a t c r e d it J u n e 3 0 ,1 8 9 5

$ 5 ,4 7 9 ,8 7 9 51

S eptember 7, 1893. j

THE CHRONICLE.

429

G E N E R A L A C C O U N T J U N E 3 0 , 1809,

u p o n b ooks to b e k e p t f o r th e p u rp o s e a' th e o ffle e o f t i e s a id T ru s te e ,
a n d a fte r th e fa c t o f s u ch r e g is tr a tio n ha# b e e n e n d o rs e d h e re o n th is
C o t o f R e a d a n a E q u ip m e n t....................
-8211,108,036 9 6 b o n d s h iiii he tra n s fe ra b le o n ly o c th e s a id b o o ks u n le ss th e la s t re g is ­
B o n d s . S lo trk , e tc., o f o tiie r C o m p a n ie s.
9 5 6 ,7 3 9 12 tr a tio n s h a ll h a v e been to b e a re r, w h e n i t s h a ll a g ,d u b e co m e tra n s fe r­
S te B a w F u a d s :
a b le b y d e liv e ry , s u b je c t lo suoseque t re g is tr a tio n in H ite m a n n e r;
v n *> -i*re s i.l* n t in S p e c ia l T ru s t to r D u ­
b u t th e coupons h e re to a n n e x e d .h a lt c o n tin u e tra n s fe ra b le b y d e liv ­
ff u n ite D lv is io n a n d W is c o a s ln T a lle y
D iv is io n S In M u g F u n d s . _ ........................ 8 3 > ",3 l*0 0 0
e ry , n o tw ith s ta n d in g su ch re g is tr a tio n .
N e w E w tln tn l T ru s t C o., T ru s te e . D u ­
T h is b o o d S h a ll n o t becom e v a lid o r o b lig a to ry fo r a n y p u rp o s e u n t il
b u q u e D lT M io n » m l W is c o n s in V a lle y
a u th e n tic a te d , b y th e c e rtific a te o f th e M e rc a n tile T r u s t & D e p o s it
D iv is io n S to k in g F u n d s ____ 8 1 ,3 8 0 O0
------------------------------------0 6 9 ,6 8 0 0 0 C o m p a n y o f B a ltim o r e h e re o n e n d o rse d .
U n ite d S ta te s T ru s t C o .,T r u s te e ........
le .T -A *5
I » testimony w hereof th e sa id G e o rg ia S o u th e rn & F lo r id a R a ilw a y
F a riis e rs ’ L o a n & T r u s t C o., T ru s te e —
TOO 08
-------------------------------------------------- 1 7 .1 6 C0 9o3m p a n y has odused th e s a id c o u p o n s to b e a u th e n tic a te d b y a fa e In s u ra n c e D e p a rtm e n t...................................
1 0 .0 0 0 0 0 Simile o f t h e s i g n a t u r e o f i t s T r e a s u r e r , a n d t h e s e p r e s e n t s t o b e s i g n e d
S to c k o f M a te ria l a n d F u e l...........................
1,<43,013
b y Its P re s id e n t a n d S e c re ta ry , a n d its c o rp o ra te seal t o be h e re to
M o rtg a g e b auds a t th e C o m p a iiy tuaa ffix e d ib is f it a t d a y o f J u ly to th e y e a r E ig h te e n H u n d re d a n d N in e ty -o!<i, h e ld in its tre a s u ry o r d u e fro m
T ru s te e s ........................................................
3 ,5 2 9 ,0 0 0 0 0
fiv e ,
M ilw a u k e e A N o r th e r n B B . Co. 6 p e r
(e o u r o s .)
c e n t C o n s o lid a te d B o n d s , u n s o ld , h o ld
in th e tre a s u ry o f f ills C o m p a n y . . . . 1 ,0 8 0 ,0 0 0 0 0
T h e G e o r o ia S, i t h k r s A F l o r id a R a i l w a y C o m p a s s w ill p a y to
S to c k o f th e C o m p a n y h e ld in its tre a s ­
b e a te r a t Its A g e n c y in th e C ity o f S e w Y o rk , o r a t th e o ffice o f th e
u r y .............................................................
4 ,7 7 0
00
------_
-------. . .
4 ,0 2 2 ,7 7 0 00 M e rc a n tile T ru s t A D e p o s it C o m p a n y o f B a ltim o r e , in th e C ity o f B a l­
D u e fro m A g e n ts . C o n d u c to rs , e tc .........
2 > * 0 ,IH 3 9
tim o re , T w e n ty -fiv e D o lla r# in UV 8. G o ld C o in o n th e fir s t d a y o f
D u e fro m s u n d ry C o m p a n ie s a n d iu iti, b e in g s ix m o u th s ’ In te re s t o n it s F ir s t M o rtg a g e F iv e P e r
9 0 0 ,1 4 5 0 6
v tffiu U a ...............................
D u e fro m U n ite d S ta te , G o v e rn m e n t,.
2 7 1 ,4 9 ! 79
C e n t F ifty - Y e a r G o ld B o n d , S o ...............
L o a n s a n d B.1D R e c e iv a b le ............
6 0 0 .0 0 0
OO
T re a s u re r.
Cash on b a n d ....................................... 2 ,7 9 1.7 2 3 89
(The c o u p o n * a re to h e a u th e n tic a te d h r u fa e -n m ile o f th e s ig n a tu re
-------------------------------- 4 ,8 1 0 ,4 7 5 93
o f th e T re a s u re r o f th e r a ilw a y c o m p a n y .)
D f.

$ 2 2 4 ^ 0 ,9 7 6 4 6

Cr.

The better to identify the said bonds as those entitled to the
security afforded by this instrument, each of them has en­
dorsed upon it a certificate to be signed by the party of the
second part by its President or Vice-President, as follows;

C a p ito l S to c k , P re fe rre d ............................... 4 2 C .IM .0O O » 0
C a p ita l S lo c k , C o w m e n ......................
4 0 ,0 2 7 ,2 0 1 o<»
------------------------- .8 7 2 ,1 8 1 ,1 0 1 0 0
(TK C STK K ’s C E R T IF IC A T E .)
F u n d e d D e b t .......................................................
1 3 9 ,3 2 1 ,0 0 0 0 0
W t - c o n s in V a lie v D n t o u k l n e F u n d ..
1 8 '* '" *
T
h
e
M
k k t a .n t t lk T r u s t a D e p o s i t C o m p a n y o f B a l t i m o r e h e r e b y
6 6 9 .5 0 0 OO
D u b u q u e D iv is io n S in k in g F u n d .......... ..
-------------------------------------------------- 0 6 0 ,6c8e0rtifle
o o * t h a t th i# b o n d i* o n e o f th e series d e s c rib e d to a n d in te n d e d
R o llin g S to c k R e p la c e m e n t F u n d .............
2 6 0 ,0 1 0 0© to be se cu re d b y th e w ith in -m e n tio n e d m o rtg a g e .
Fas B o ll* and V o u c h e r s ....................
... 1,374.465 79
M * a i v n t il k T r u s t St D e p o s it C o m p a n y o f B a l t im o r e .
D u e s u n d ry C o m p a s ite - a n d tiu iiv U ta a te
8 6 7 .8 2 0 48
*
br
P re s id e n t.
D iv id e n d s L 'm -la m w d .........................
4 3,381 12
In te r e s tC o u p o n * n o tp re s e n te d ..........
9 3 ,6 2 4 8 3
T H E S E B O N D S A N D , S U B J E C T T I I E R E T O , $ 0 8 4 ,0 0 0 O F F I R S T
In te re s t a c c ru e d ; tn c lu d ln . in te re s t
d u e J u ly 1. lw » 5 ............................ .............. 3 ,3 « 2 ,2 3 l 2 5
P R E F E R R E D S T O C K , S E C U R E D B Y T H IS M O R T G A G E .
------------------------6 ,1 2 1 ,5 4 5 95
W hereas, by the resolutions of the stockholders and direc­
In c o m e A c c o u n t.........................
5 ,4 7 9 ,8 7 9 51
tors it was provided that the prompt and punctual payment
♦ S24.030.870 46 of the principal and inter* »t represented by the said bunds and

ct npoLs should be secured by the 1 1 . cution of this mortgage;
A nd whereas it is ulsso intended that the first preferred stock
of the party of the first p »«, amounting to the sum of $084,060. should constitute a lien upon all of the said property,
G E O R G IA S O U T H E R N & F L O R ID A R A IL W A Y second only to the lien of the said bonds ant coupons;
A m ! tth e rm s the party of the second part has consented to
C O - —'S O U T H E R N R A IL W A Y S Y S T E M .
accept the trust hereby created, and such acceptance is to be
signified by it* certifying as aforesaid the bonds so intended
ABSTRACT OF FIRST MORTGAGE, DATED JUNE 1, 1895, to bewcured;
SECURING 5 X*. C , GOLD BONDS DUE JULY 1 ,1945.
P P .O P E R T Y RO N V E Y E D .
Sow tie e rf or, th is in stru m e n t w itnem eth that, in consider­
P A R T IK 6 .
ation of the prem;-*. etc., the Railway <>ntpany*ieifby con­
T h e G e o r g i a S o u t h e r n & F l o r i d a R a i l w a y C o m p a n y o f veys to the trustee all and singular it* property, as follows;
A l l its radroa 1, form* rly owned by the Georgia Southern
G e o r g ia , p a r t y o f th e f i r s t p o r t , a u d th e X i b c t s m i T r u s t &
D t r o s i T C o m p a n y o f B a l t i m o r e , M a r y la n d , a# tr u s te e , p a r t y .v Florida Railroad Company, extending from the City of
Macon, Georgia, to the City of Palatka, Florida, a distance of
o f th e s e co n d p a r t :
about 290 mile*.
« ro a * m
Also all branches, right* of way, rails, bridges, stations,
S O ......
U N IT E D S T A T IC OS' A M E R IC A .
6 1 ,0 0 6 00, engine houses, machine shops, buildings, structures, fixtures,
and improvements of every kind or nature whatsoever, and
S T A T U O P a t o m s A,
F o u r M e a m m e , F t r # P k » C m *7 r t n u T i t t G o to n<>»r* ter t r « all other real estate now owned or that may hereafter be ac­
quired for the use of the -aid railroad or in connection there­
S n t t s t A B d tm iK k s *fc
R a il w a y O M r t r t .
with, Together with all the rights, privileges and appurten­
T h e Q m m u h u c t i i i k v St F l o r id a R a il w a y C o « r » x r , a c o r­ ances
thereunto belonging or in anywise appertaining; also
p o ra tio n c re a te d u n d e r th e la w * o f th e s ta te at G e o rg ia a n d h a v in g It* ail locomotives,
tenders, car*, and other equipment; and all
p r in c ip a l o ffic e in line C ity o f M a w ro in th e «a;d S la t. , h e re b y a o k o o w l- supplies of every kind whatsoever for constructing, equipping,
»<ik-c» l u e if in d e b te d to th e b e a re r, o r. I f re g is te re d , to th e re g is te re d operating or repairing the said railroad. Also all its rights,
b o ld e r h e re o f. In U<» sum o f one ib o o a n u d d o lla r* , w h ic h sum it h e re b y f ranch!**, s, privileges and immunities, including the franchise
c o v e t a t to a n d agree# to p a y to th e h e a re r o r re g is te re d b o ld e r in c o ld to be a corporation and operate the said railroad, and all its
M in o f th e U n ite d s ta te # o f A m e ric a , at the p re s e n t e ta m U rd o f w e ig h t income and profits, and ail other property, real, personal or
a n d Do< !■ •*#*, o n th e fit «l d a y o f J u ly in th e y e a r H trurtS en H u n d re d and mixed, of every kind and nature whatsoever, now owned or
F t f i f - l t o , w ith la te re # ! to lire m ean tu n e a t th e ra le o f flv e p e r c e n tu m that may hereafter tie acquired.
p e r a n n u m , p a y a b le s e m l-a B u a a lly lu lik e * * d il c o in o n th e p re s e n ta tio n
To have a n d to hold the same unto the party of the second
a n d a u rre n d e r o f th e a n t t t e d c o u p o n * a# th e y s e v e ra lly becom e d u e ; pari it#•**« ->sor and Assigns, forever, in tr u s t, fir s t, for the
a n d lo p a y lh « s a id p rin c ip a l a n d in te re s t w ith o u t a n y d e d u c tio n fo r equal ami pro rata security of the several persona and corpo­
B a u o a a l. S ta te o r m u n ic ip a l ta le s , a t it.* a g e n c y la th e C ity o f N ew rations who may be holders of any of the said bonds, wfthout
Y o rk , o r, a t Site o p tio n o f lb s b o ld e r, a t th e o ffice o f th e M e rc a n tile atty preference br priority of one bond over another by reason
of priority in the time of issue or negotiation thereof or other­
T re a t St D e p o s it (torn p e n jr o f B a ltim o re to th e c U y a f B a ltim o re .
I f a n y t e n d a n n u a l l a s l a l m e o t o f in to re s to n th is b o n d # h a il re m a in tm - wise; and then, for the security, as hereinafter *et forth, of
p a ld a n d to a r r e a r f o r n i n e t y d a y * a f t e r i h e s a m e s h a ll b a te b e o o u ie dn c the person* and corporations that may be holders of any of
a n d b e e n d e m a n d e d , t h e p r i n c i p a l o f th is b o n d m a y be d e c la re d d u e a n d the share.* of first preferred stock aforesaid.
p a y a b l e to th e m a n n e r a n d w ith th e e ffe c t p ro v id e d
d e e d o f t r u s t , h e r e i n a f t e r m e n tio n e d .

in th e m o rtg a g e , o r

T h is to t.il is o n e o f a series o f fo u r th o u s a n d o f th e sam e d a te a n d
te n o r, n u m b e re d m ntx< ■ MiveJy fro m O ne to F o n t T h o u s a n d , and
a n ......m m .- tn th e a g g re g a te to fo u r m illio n d o lla rs , w h ic h a re a il
* fin a lly *. • ur- <; b y « im o rig a g e o r deed o f tru s t, d a te d J u n e l» t. 1896,
fro m th e * b l G e o rg ia S o u th e rn a n d F lo rid a R a ilw a y C o m p a n y to th e
M ercantile T ru s t St I>♦posit C om pan y o f B a llim o re, aa T ru s te e , c o v e r­
in g a ll o f St# p ro p e rly a n d friU ie h o e s , a n d a lso its in c o m e a n d e a rn in g *,
to w h ic h m o rtg a g e re ft retie*- l * h e re b y m a d e fo r a d e s c rip tio n o f th e
property a n d f r a n c h i s e s m ortgaged and th e n a tu r e am i e x te n t o f th e

R IG H T T O S E L L W O R N -O U T R O L L IN G S T O C K , E T C .
P rovided alw ays, that until default shall be made in tha

performance of some covenant herein contained, the Railway
Company shall be permitted to enjoy the property hereinbe­
fore described, and with the writ ten consent of the said
trustee to dispose of such portions of the equipment, rolling
stock, itn pit merits and fixtures as may be unfit for use, pro­
vided the same be first replaced by new of at least equal
value, which shall then lie subject, in the same manner aud
to the same extent, to the operation of this mortgage,

s e c u rity a rd rig h ts o f th e h o ld e r* o f th e s a id bond# a n d th e te rm s R IG H T T O B U IL D E X T E N S IO N S A N D T O B O N D T H E M A T
$ 1 0 ,0 0 0 P E R M IL E F R E E F R O M L IE N H E R E O F ,
a n d c o n d itio n s o n w h ic h s a i d bonds a re issu ed ar.d secured.
A nd p ro v id ed also that until default as aforesaid, should the
T h e sa id m o rtg a g e p ro v id e s t b * t a n y o f th e b o u d s o f th is series m ay
a t a n y tltn * , a t ib e o p tio n o f th e tw ite r, he re g is te re d a * to p rin c ip a l I Railway Company construct or acquite any extension or

LHE CHRONICLE.

430

branch of its pre-ent railroad, such extension or branch not
being a switch, turn-out, side track or substitute for any part
of the existing railroad, then in payment therefor the Railway
Company may issue its bonds to an amount not exceeding
$10,000 for each mile so constructed or acquired, and secure
the same by a mortgage that shall constitute a lien upon such
extension or branch road, its buildings, depot grounds and
terminals, prior to the lien hereby created, but not so as to
affect in any manner the priority of the lien hereby created
upon all the now existing property of the railway company.
COVENANTS TO

PAY

P R IN C IP A L A N D
TAX FREE.

IN T E R E S T

IN G O L D

A n d the R a ilw a y C o m p a n y convenants as follows:
F ir s t —To pay unto the holders of the bonds and coupons
secured hereby the principal and interest thereof in gold
coin of the United States of America of the present standard
of weight and fineness, when and as such principal and interest
shall become due and payable, without any deduction for
National, State or municipal taxes, which under any law,
present or future, of the United States or of any State or
municipality, the party of the first part may be required to
pay.
TO M A K E D E E D S O F F U R T H E R A SSU R A N C E.

S econ d—To

make all such further deeds and assurances of
the property hereby conveyed as the said trustee may re­
quire, in order to vest in the said trustee all property of any
kind hereafter acquired or owned by the party of the first
part, its successors or assigns, for the benefit of the holders
of the bonds and coupons.
TO P A Y A L L T A X E S , A SSE SSM E N T S, BTO.

T h ir d —To

[V o l . L X I.

a newspaper published iu the said City of Macon, and also in
a newspaper published in the City of Baltimore. And at
such sale, the said property shall be sold as an entirety, (unless
the holders of a majority in amount of the said bonds shall
in writing otherwise request, in which case the said trustee
may sell the same in parcels.)
M ANNER

IN

W H IC H P R O C E E D S O F
FORECLO SU RE
S H A L L B E A P P L IE D .

SA LE

E ig h th .—So long as the said railroad and appurtenances are
actually in operation, under the management of the said
trustee, or of a receiver, the net inco ne shall be applied to
the payment of interest on the said bonds in preference to
principal, as hereinbefore set out in Article Sixth, but in case
of a sale of the said property the proceeds, together with any
income in the hands of the trustee or receiver, shall be ap­
plied as follows: 1st. To the payment of all expenses attend­
ing such sale, or in the fulfilment of any other duty here­
under; and, 2d, to the payment of the whole amount of prin­
cipal and interest, with interest upon delayed interest, which
shall then be unpaid and owing upon the said bonds or any of
them outstanding, whether the said principal by the terms of
the said bonds be then payable or yet to become payable. But
in case of a deficiency, the said bonds shall be paid ratably,
without any preference of interest over principal, and with­
out any interest upon delayed interest. Provided, however,
no coupon belonging to any of the said bonds which in any
way on or after maturity may have been transferred or
pledged separate and apart from its bond, shall be entitled to
any payment until the principal of all the bonds hereby se­
cured and of all the matured coupons not so transferred or
pledged shall have been paid in full; and 3d, any surplus re­
maining after payment in full of all the said bonds and cou­
pons shall be applied to the redemption, equally and p r o r a t a ,
of such of the said shares of first p r e fe r r e d sto ck as may then
be outstanding; and, 4th, any surplus still remaining after all
of the said first preferred stock shall have been redeemed at
par shall be paid over to the railway company, its successors
or assigns.

pay all taxes, public dues, charges and assess­
ments as the same shall become due and payable, and in case
of default by the Railway Company in so doing, the Trustee
may in its discretion pay the same, and the sums so paid
with interest at the rate of 6 per centum per annum shall be
a lien on the hereby mortgaged property, but no such pay­
ment by the Trustee shall be considered a waiver of the de­ F O R E C L O S U R E S A L E - F O R M A T I O N O F N E W C O M P A N Y ’ .
fault, nor shall it affect the right of the said Trustee to de­
N in th .—At any sale of the property the holders of the bonds
clare the principal of the said bonds to be due by reason of hereby
secured shall have the right to purchase upon equal
such default.
terms with other persons; and it shall be the duty of the said
T O K E E P P R O P E R T Y I N G O O D C O N D IT IO N .
trustee, if so required in writing by the holders of at least 75
F ou rth —To preserve the hereby mortgaged property in the per cent in amount of the said bonds then outstanding, to
same good order and condition in which it now exists, and make such purchase on behalf of all the bondholders at a price
not to do or permit any act of any nature whereby the lien of not to exceed the whole amount of principal and interest due
and accruing upon the said bonds and coupons, together with
this mortgage could be impaired,
the expense of the proceedings and sale. At any such sale any
D E F A U L T F O R N I N E T Y D A Y S - 2 5 P E R C E N T O F B O N D S M A Y of the bonds and coupons hereby secured shall be receivable
R E Q U IR E T R U S T E E T O A C T , B U T A M A JO R IT Y M A Y
as cash for the amount that would be payable thereon out of
the proceeds of such sale.
D I R E C T O R C O U N T E R M A N D S U C H A C T IO N .
T enth .—In case of the purchase of the property on behalf of
F ifth —In case of default for 90 days to pay any instal­ the holders of the said bonds, the said trustee shall organize a
ment of interest on any of the said bonds, payment corporation to own the said property for the benefit of such
thereof having been demanded, or in any other cov­ holders in proportion to their respective interests in the said
enant of this mortgage, after written notice thereof from bonds and coupons, unless the holders of a majority in value
the trustee or from the holder of any of the said bonds—then, of the said bonds shall otherwise direct, in which case the
at the option of the trustee, the principal of all the bonds property shall be conveyed to such persons or corporation as
hereby secured may be declared to be immediately due and may be- designated by a majority iu value of such holders,
payable; or without declaring the principal of the said bonds provided that such conveyance shall be made upon such terms
to be due, the said trustee may take possession of all and sin­ as will in the judgment of the trustee secure to each and every
gular the property, hereby conveyed, in the manner herein­ such holder his just proportion of interest in the property
after provided ; or may apply to any Court of competent aforesaid.
jurisdiction for the appointment of a Receiver to take posses­
sion of the property. And any such action the trustee may T R U S T E E M A Y S E E K A N Y R E L I E F A L L O W E D B Y L A W , E T C .'
E leven th .— The trustee is authorized to take any other pro­
take of its own accord, if it sees fit, and shall be bound
to take if requested in writing by the holders of 25 per cent in ceeding authorized by law to sell said property or to apply
amount of all the said bonds then outstanding, upon the de­ to the courts for any other relief usual in such proceedings,
T w elfth .—Upon the commencement of proceedings to en­
posit of such bonds with it, and upon being indemnified
against all liabilities which it may incur in the premises; but force the rights of the bondholders after default as aforesaid
subject to the right of the holders of a m a jo r ity in amount the Trustee shall be entitled to the appointment of a receiver
of the said bonds to direct or countermand such action, as of the property and of the profits thereof, and, except as in
hereinafter provided.
this instrument otherwise expressly provided, no remedy
S ix th .—In case of such default, or should the principal of hereby reserved is intended to be exclusive of any other
the said bonds in any other way become due and payable, remedy; but each such remedy is intended to be in addition
and remain unpaid in whole or in part, after demand therefor, to every other remedy provided by any law.
the said trustee may in its discretion, and shall on the
T h irte e n th .—It is expressly agreed, however, that no act or
written request of the holder or holders of 25 per cent iu default of the Railway Company shall have the effect of m a­
amount of all such bonds then outstanding, take with or turing any of the said bonds, unless with the consent of the
without entry or foreclosure, actual possession of the said rail­ said trustee, or of the holders of at least 25 per cent in amount
roads, and all and singular the property, things and effects of the said bonds then outstanding. But should the said trus­
hereby conveyed, or intended so to be. And the said Trustee tee or a receiver take possession of the property, after the
shall personally, or by its attorney, operate the same, and re­ payment of all costs, expenses and interest as provided in Ar­
ceive all the income and profits therefrom, until such time as ticle Sixth of this instrument, from the surplus of the income
the said bonds and coupons are fully paid or satisfied; and it in any year the said trustee may nay over to the holders of
shall apply the money so received, fir s t, to the expenses of the first preferred stock a dividend not to exceed 5 per
the trust hereby created, the management of the said rail­ centum per annum ; and any surplus of income thereafter
roads and their appurtenances, and in making such repairs may be paid over to the R lit way Company, or may be held
thereof as may be needed to keep the same in good working by the said trustee as additional security for the said bonds
order; second, to the payment of interest due upon the said and coupons and after these for the said first preferred
bonds, with interest upon delayed interest, and afterwards to stock.
the payment of the principal of the said bonds.
F o u rteen th —Upon the payment of the principal and inter­
S even th .—The said trustee upon becoming entitled to take est of all the bonds hereby secured, and the redemption of all
possession of the said property may in its discretion, and shall the said shares of first preferred stock, the estate and prop­
on the written request of the holder or holders of 25 per cent erty hereby granted to the Trustee shall cease.
in amount of the said bonds then outstanding, or personally
F ifte e n th .—The party of the second part shall not as trus­
or by agent, or by proceedings in a Court of Equity, cause the tee or otherwise be under obligation to do or to refrain from
said property hereby mortgaged to be sold to the highest doing any act or thing upon the request of any person claim­
bidder at public auction at the City of Macon, after first ing to be a bondholder until such supp03ed holder shall pro­
giving notice of sale, by advertisement, published once a duce the said bonds and deposit the same with the trustee,
week for the eight weeks next preceding the day of sale, in and guarantee and indemnify it against all costs.

THE CHRONICLE.

NKtTSMKKtt 7. 18»&]

sixteenth —All actions for the purpose of enforcing any of
the remedies hereby granted shall be instituted by the said
trustee and the duty of the trustee to take any action is here­
by declared to be 'subject to the power of the holders of a
majority in amount of the said bonds to direct and control
the same or to order the enforcement of some more effective
remedy hereunder.

TRUSTEES.

r w a a ie f t l.
Page
A lle e lie n y ,v S im m a .......... sale. 365
t A ie M s u u T . .V S. F « . . sale. 3B5
I C o lo ra d o M M I a - d ___ coup. I9 a
S t L o u is <y Ssu F ra n ro - o . 151
C e u t.Iio n C o S o .ln m O o - de. 151
C - m . R R . J fc B .C o .o fG a . sate. 3 8 5
C h ic a g o i ’e o t i > & Sc. L . ..sale. 2 8 0
do
. do
. .p lan. 3 6 5
C o l. A- H o c k l u e C o a l & I ,C o r n . 2 4 0
C o lu m b u s " r.i.fi. ,v H._ ..sale. 19 5
D is tillin g A: C F ...............sale. 2 -1
J a c k r . At. P. R it. .is d u e . sals, 15s
K e n tu c k y As lu d . B rld g e .ro u /). 24 0
L u u is v .E v . & S t . L ............ roup. 3 86
M e m p h is & C h a rle s to n ..c o n /,. 196

431
T o lu m * 6 1 .
X.

Page

Y . L. & W ................... sale. 3 2 5

do
d o .......................p la n . 3 6 6
O h io S o u th e rn .................. coop. 337
©resr. B y . * N a v .s le o t coital. 1 5 2
do
do decree o 'fforeel. 241
do
d ll
. ...
p la n . 3 2 5
O re. SU. ,fe V. S.aeereeof fared, 241
P e o ria L>»e. A E r . .
..cou p. 3 67
P o rt R o y a l & W est. C ar. .safe. 2 8 2
K o e k a w a v V a lle y ...........sale. 1 9 7
S a v a n n a h A- Western., sale. 3 6 5
sate. 2 41
T e x a s T ru n k .................
Texas W e s te rn R y .........sat?, 3 2 8
U n io n P a r. 00H.tr..g. es.coup. 153
TJ. 8. C o rda ire .............. ...C o m 32S
V a lle y o t O h io ..................... sale. 198

Under no circumstances shall any bondholders have the
right to institute any action under this instrument, except in
the case of a refusal or failure on the part of the trustee to
perform some duty imposed upon it by the terms of this
agreement; but the trustee hereunder may at any time be
removed, and a new trustee or trustees be appointed by an
*t. Louis Alton & Terre Haute RR.—The fiscal year of
instrument in writing, executed by the holders of 75 per cent this company ends Dec 81. but results of operations for the
of the said bonds then outstanding.
12 months to June 30. 1895 are reported as follows :
la case the trustee shall at any time resign or in any way 12 months Gross
yet
Tams <f
Bat. ru t
Other
become incapable of executing the trust, it shall be the duty to Ju necO . ta m in g s . earnings,
rentals.
revenue.
receipts,
^ 4 3 ........$> ,1 5 0 ,0 5 5
* 4 1 3 ,3 0 9
$ 8 1 5 ,1 0 6
*2 0 2 ,1 9 7
* 6 ,8 6 0
of the Railway Company to fill such vacancy within thirty 11*1
1,385,045
5 7 6 ,7 6 7
132.732
1 4 1 ,0 3 5
......
days thereafter, and on their failure so to do, any Court of - V . 6 1 . p . 3 65.
competent jurisdiction may, on the petition of the holders oi
Sioux City Term inal RR. ,« Warehouse.—At- Sioux City,
2S per cent in value of tne said bonds then outstanding ap­
la., Aug 29, Judge Snirasofthe Federal Court held that the
point a trustee or trustees to fill such vacancy.
The Trustee shall be responsible for reasonable diligence : bonds of this company are valid and ordered foreclosure. The
only in the performance of this trust, and shall not in any Trust Company of North America (Philadelphia) is trustee
ease be jerpomible for the act or default of any agent, a tier under the mortgage, which is for $1,250,000.
Union Elevated RK.—Metropolitan West Side Elevated
n ey or employee selected with reasonable care or discretion.
The said Trustee may at any time release from the hen of HR.—Chicago & South Side Rapid T ransit RR. — Lake
thfa mortgage any land, machinery or other property which street Elevated UK.—A sufficient number of property ownmay be no lo n e r necessary or useful for the purposes of tbe ; ers are reported to have given their consent to the construc­
party of the first part, provided such property be first re­ tion of the Union Elevated RR., which is to bring the several
placed by other property of at least equal value, and subject elevated railroads in Chicago to the business centre of the city.
m the same manner and to the same extent to the hen of The route of the loop will be on Fifth Avenue from Lake to
Harrison Street, thence east on Harrison to Wabash Avenue,
of this mortgage,
thence north on Waba-h Avenue to Lake Street again. The
R E G IS T R A T IO N '.
Union Elevated RR. Co was incorporated Nov. 22. 1894, with
Any of the bonds may at any time at the option of the authorized capital of $5,000,000, an 1 its road, which will be
owner, and upon payment to the trustee of one dollar for 2 %, mile* in length, will be used by the four elevated rail­
each bond, be registered as to tbe principal in a book kept for road companies, v iz ., Chicago & South Side Rapid Transit
the purpose by tbe trustee, such registration to be certified on Company, Like Street Elevated RR. Co., Northwestern E ethe back of the bond. Every bond so registered shall be rated RR, Co. and the Metrotolitau Elevated RR, Co. It is
transferable only upon the said b x»k, unless the last registra­ feared that injunctions may delay construction.—Vo). 61, p, 27,
tion shall have been to bearer, in which case it shall again be­ 69,880.
.
come transferable by delivery. Each of the said bonds shall
Union Pacific RR.—Holders of Union Pacific five p e rc e n t
continue subject to successive regie rations and transfers to
bearer in the same way at the option of the owner ; and no collateral t r u s t gold bonds have their attention called by the
registration shall affect the negotiability of the coupons there­ Amsterdam Committee to the advisability of depositing their
in view of the contemplated institution of foreclosure
to attached, but under ail circumstances the said coupons bonds
proceedings.
shall be transferable by delivery merely.
On the equipme n t tmnds the Court has authorized the re­
ceiver to pay the arrears of principal and interest in accordPeoria ib-catur Sc Evaaaville RR.—1The stockholders' com : anew with the recommendation of the Master in Chancery’- (see
taitte- announce# to holders of certificates for stock deposited■ V, 61, p. 3 * 3 .—V. 61, p. 3*7.
with ' be Knickerbocker Trust Company under the pj«o of Aug­
I'liltril state* Cordage.—The reorganization committee has
ust 30, ITJI, that their stock is now wa»jeet to their order. issued ft vail for the fourth instalment of the assessment on
The stock was to be released on Sept. 1 in ease the committee the several glasses of stock. This instalment is payable on or
did not receive the support necessary to enforce any plan of before September 13 at the Manhattan Trust Company, New
reorganization. The committee declare* that it is very desira­ York. It is expected that the reorganization will ffe completed
ble that tbe stock should be held together, for thus only can it within »>tty days. ! is thought that Mr. D. P. Travers will
be made effective in any new reorganization. D-posit* of sec­ be the Presid-at of the reorganized company,—V. 61, p. 328
ond mortgage bonds with the New York Secarity & Trust
l nited States Rank.—-The bondholders' committee, of
Company are now subject to a penalty of 1 per cent. The sec­ which John Kean, Jr„ is Chairman and Jennings S. Cox Secre­
ond mortgage bondholders' committee ta preparing a rentgao- tary, office No. 2 Nassau Street, New York, gives notice that
kation plan, under which, it is said, the stock will be assessed more than four-fifths of all th~ outstan ling mortgage bon is
between 8 and 10 per cent.—¥, 81, p. 367.
have been deposited, in accordance with the terms of the
Philadelphia tt Reading R11.—Judge Dallas, Tuesday, agreement dated June 13,1694. and that the committee h-s
•m in te d until September 15 the time for filing the answer of declared said .agreement operative. The committee exthe Philadelphia A Reading Railroad Company to the bill of tended the time for the deposit of bond* until the 5th day of
complaint of the [Vtmayitauia Company for Insurance# on September, 1895, after which date no bond* will be received
Liven and Grantin g Annuities fo rth - foreclosure of the general except upon the payment of penalty,—V. 00, p 303.
mortgage. The answer filed Tuesday h r what in known as
Union Traction 1 Philadelphia}.—The Philadelphia. Peo­
“ The Junior Securities Protective Committee” contend*that
the Court bas no jttrtediotkxt of the bill for fa rtd o m n , It is ple’s and Electric Traction companies, which will shortly be
also disputed that tbe Reading receivers were unable out of operated in one system by the new Union Traction Company,
the assets in their possession to make payment of interest on have filed at Harrisburg their report* for the year ending
June 30.1*95. These show gross earnings from passengers",
the general mortgage bonds,—V. 61, p. 38 7 .
& c ., a* follow*:
Philadelphia Reading A New England RR.—The r-celver P h i l a d e l p h i a ...........„ ................................................................................ $ 5 , 4 5 9 ,8 6 8
report* tbe following earning a for the year ending June 30, E le c t r ic ....................................................................................................... 2 , 1 1 2 , 2)711
1«9*», and we have prepared the comparative figures for the
«......
1,647,776
previous year. No interest was paid on the funded debt in
.................................................
...................................... .. $ 0 ,2 1 9 ,0 2 8
either year, the charge# including rental*, taxes, etc,, and Other receipts..............
254,056
interest on loans.
re a r e n d in g

G rot*

Xel

T o t a l rv- , - l p t s .............................

* 9 ,4 7 4 ,5 7 9

Ju n e 30.
earnings,
earning*.
Charges,
Halanet.
A large expansion in earnings is expected to result from the
1394-95....................$724,114
$to#,l44 sicrMMI?
1808-04.......
770.576
12,888
137,630 def.l24.946 union of the three companies. See statement in V. 61, p, 283.
On June 30, 1895, the receiver rejwrted loans and bills pay­
Waco A Northwestern R f,—At Waco, Tex., September 3.
able $350,000, ©pen accounts payable (contracted prior to this railway was sold in foreclosure and purchased by Wilbur
rewverahip) $111,840, open account* receivable were $*6,408. F. Boyle, of the firm of Boyle, Priest & Lehman, St. Louis, for
$1,505,000. The land grant of 230,000 acres is included in the
Reorganization Plans, etc.—The following is an index to purchase,—V, 60, p. 1151,
all defaults, foreclosure sales, reorganization plans, the names
West Jersey RR,—This company has declared a dividend
of all reorganization committees, andaii statements respecting of 8f£ per cent, payable in scrip on Sept. 16. The scrip will
tbe payment of overdue coupons, that have been published in be paid in cash, or can be converted into the stock of the com­
the Chronicle since the last edition of the I nvestors’ and pany on or before October 16 next, A loan of $1,000,000 ma­
the STRUCT RAILWAY S cppljemests were issued, ail earlier tures Jan, 1, 1896, for which there is a sinking fund that on
facts of this nature being set forth therein. It does not, Jan. 1, 1893, amounted to $982,600. The company, it is said,
however, include matter in to-day’s Chronicle.
' also desires to retire bonds of its subsidiary Companies
The following abbreviation* are used: P la n for reorganiza­ amounting to $283,000, and therefore gives to its shareholders
tion or readjustment plan: txmp, to r coupon payments; de/ . , this option of taking stock for the dividend in place of cash,
for default; Com, far committee.
- V , 61, p, 88.

THE CHRONICLE

432
$ h e

C

C o m m e rc ia l

C O M M E R C I A L

F r i d a y N i g h t , S e p t e m b e r 0 ,1 8 9 5 .

Sept, t ,
1895.

1 0 ,1 8 3
2 5 ,6 8 3
1 9 ,1 6 8
6 0 ,8 4 4
1 9 1 ,7 1 3
8 7 ,4 2 2
3 2 ,4 7 7
5 ,4 9 8
6 8 5 ,7 2 3
215
3 5 ,3 0 0
1 7 5 ,6 9 2
2 2 ,7 6 4
2 ,6 2 3
2 ,9 4 5
5 0 ,8 0 0
600
N one.
2 .6 0 0
2 ,3 0 0
1 3 ,2 0 2
8 ,9 2 8
1 3 2 ,7 0 0

1 1 ,6 0 8
1 8 ,1 4 0
1 9 ,5 8 4
5 9 ,4 8 4
2 1 9 ,5 3 9
9 2 ,0 6 8
2 4 ,0 0 0
3 ,3 2 0
8 4 8 ,2 4 4
215
2 9 ,3 0 0
1 6 0 ,5 5 8
2 5 ,4 0 3
1 ,7 2 7
740
3 4 ,5 0 0
750
N one.
3 ,1 0 0
2 ,3 0 0
1 0 ,2 6 7
6 ,3 2 8
1 4 0 ,1 0 0

Sept. 1 ,
1894
5 ,9 4 2
6 ,9 0 2
1 8 ,2 0 8
4 8 ,6 1 1
1 5 4 ,0 0 0
2 9 ,3 6 6
4 7 ,0 0 0
1 3 ,7 8 8
9 0 4 ,4 2 4
N one.
1 7 6 ,8 0 0
9 2 ,4 8 0
2 0 ,1 2 2
1 ,5 9 4
649
1 8 ,0 0 0
600
N one.
9 ,0 0 0
N one.
6 ,3 6 4
1 2 ,9 0 5
1 6 7 ,7 0 0

For lard on the spot demand was slow early in the week and
priceS declined, but subsequently there was an improvement in
the export demand and prices more than recovered the loss,
closing steady at (j'30c. for prime Western, 6T2t£c. for prime
City and 6 70c. for refined for the Continent. The speculation
in the local market for lard futures was at a standstill, but the
close was higher on the more active business in the spot mar­
ket, closing steady.

T

T

O

N

.

, September 6, 1895,
indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 15,093 bales,
against 6,803 bales last week and 2,715 bales the previous
week, making the total receipts since the 1st of Sept., 1895,
13,802 bales, against 88,396 bales for the same period of
1894, showing an decrease since Sep.l, 1895, of 24,534 bales.
T

General business keeps gaining in volume, and in exceptional
cases considerable animation has of late been shown. Phen­
omenally large dealings in refined sugar have taken place dur­
ing the week, and additional liberal operations are reported in
iron a n d metals at advancing prices. Export demand for breads tu ffs has been checked slightly by reports of better prospects
for foreign yield. An increasing movement of wheat at the
Northwest is reported, but in central latitudes the deliveries are
slow and largely absorbed by millers. The corn crop is con­
sidered nearly out of danger and a large yield practically
assured. Cotton continues to attract investing demand, but
speculation in other staple commodities is slow and careful.
The following is a comparative statement of stocks of
leading articles of merchandise at dates given :_______ _

P o r k . . ............................
L a r d ................................
T o b a c c o , d o m e s tlo . .
T obacco, fo re ig n —
O offee, R i o .....................
C offee, o t h e r .................
O offee, J a v a , & o ........
S u g a r ...............................
B n g a r ...............................
M o la s s e s , f o r e i g n . . . . . . . . h h d s .
H id e s ............................... .............. N o.
C o tt o n .............................
E o s I n ..............................
S p irits tu r p e n tin e ...
T a r .................................... ...........b b ls .
K lo e . E . I ..................... ...........b a g s .
R ic e , d o m e s t i c ........... .............b b ls .
L i n s e e d ........................
S a l t p e t r e ........................
J n t e b u t t s .....................
M a n ila h e m p ___ ___
S is a l h e m p ...................
F l o o r .................... b b ls . a n d s a c k s .

O
F

E P I T O M E .

Aug. 1,
1895.

|VOL. LXI.

he

M

ovem ent o f th e

Receipts at—

Sal.

r id a y

C

r o p

ig h t

, as

Wed.

Tues.

M on.

Thurs.

903
......
737
99

690
......
1 ,4 0 5
46

464

220
......

F r i.

Total.

77
23

838
...........
2 ,3 1 9
7

147
63
1 ,3 6 0
126

3 ,5 1 2
63
6 ,5 1 5
329

573
...........
53
..........
1

151
......
48
......
2

936
...........
169
......
4

1 ,3 9 0
40
320
2
28

3 ,4 3 1
40
675
2
35

1
50
...........

1

4

...........

4
...........
...........

21

16
15
21

......

......
...........
11

45
...........
160

1

50
58
78

95
58
251

2 ,0 3 6 !

2 ,8 3 0

971

4 ,2 7 8

3 ,6 3 7

1 5 ,0 9 3

G a l v e s t o n ...........
V e la s c o , & o ___
N ew O r l e a n s . .
M o b ile ..................

470
..........

S a v a n n a h ..........
B r n n s w ’k .& c .
C h a r l e s t o n .........
F t . R o y a l , &o.
W i lm i n g to n ___

161
......
14
......
.....

W est P o in t...
N ’p o r t N ., &o.

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

...........

B o s t o n .................
B a l t i m o r e ..........
P h i l a d e l p h ’a & o

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

T o t’le t h i s w e e k

1 ,2 9 1

617
23

N

71
......

6

The following shows the week's total receipts, the total since
Sent. 1. 1895. and the stock to-night, compared with last year.
Receipts to
Sept. 6

Stock.

1894.

1895.
This Since Sep.
Week. 1 , 1 8 9 5 .

This S in ce Sep.
Week. 1 , 1 8 9 4 .

N ew O r le a n s
M o b ile ............

3 ,5 1 2
63
6 ,5 1 5
329

3 ,0 4 2
63
5 ,8 9 8
3C1

1 3 ,8 0 7
187
7 ,9 8 i
818

1 3 ,8 0 7
187
7 ,9 8 3
828

S a v a n n a h ...

3 ,4 3 1

1 0 ,3 9 6

1 0 ,3 9 6

C h a r l e s t o n ..

675
2
35

3 ,2 7 0
40
661
2
35

3 ,3 0 9

16
50

16
50

H a lv e s to n ...

W ilm in g to n ..

1394.

1895.
1 1 ,5 0 9

2 1 ,7 1 8

6 6 ,5 3 2
5 ,3 3 9

2 7 ,8 9 6
3 ,2 3 7
1 7 ,2 7 4

3 ,3 0 9

7 ,8 5 6
40
1 1 ,8 7 6

552

552

358

1 ,8 8 9

689

689

5 ,0 3 2
200

2 ,9 6 1

1 4 ,9 4 2

D A IL Y CLOSING P R IC E S O F LA R D FU T U R E S .

S e p t e m b e r .......................... o.

Sat.
6 -3 0

M on.
_____

Tues.
6 -2 5

Wed.
6 17

Ih u rs .
6 -2 5

TYi.
6 -3 0

N o r f o l k .........

Pork has been in active export demand, but at lower prices,
21
15
15
21
closing at $10 25@$10 75 for mess. Cut meats have been
1 6 0 ,2 7 1
9 2 ,4 8 2
quiet, and prices have declined slightly. Tallow has been
95
95
2 ,8 2 5
2 ,6 0 0
quiet, closing easy at 4% (cAi^c. Cottonseed oil has been in B a l t i m o r e . . .
78
78
58
3 ,8 0 0
8 ,2 9 4
58
better demand, closing steady at 26%c. for prime yellow and
552
251
552
250
2 ,8 1 9
2 ,0 3 2
2o?4@26c. for off-grade yellow. Butter has been steady for P h ila d e l.,& o .
fancy. Cheese has been quiet and easy. Fresh eggs have
T o t a l s ......... 1 5 ,0 9 3
1 3 ,8 0 2 3 8 ,3 9 6
3 8 ,3 9 6
2 8 1 ,4 5 7
1 9 5 ,3 2 5
been steady for choice.
In order that comparison may be made w ith other years, we
Coffee has met with indifferent demand and under more
liberal offerings prices eased off somewhat. Rio quoted at give below the totals at leading ports for six seasons.
for No. 7; good Cucutal9c. and standard Java 27 Seceipts at— 1 8 9 5 .
1894.
1893.
1892.
1890.
1891.
@ 27^c. Contracts for future delivery have again been liqui­
1 3 ,9 9 4
3 ,5 7 5
3 8 ,6 1 8
1 8 ,1 5 6
3 3 ,6 7 3
7 ,6 5 7
dated with some freedom at receding cost, the market clos­ Q a lv e s ’n ^ o .
S e w O r le a n s
1 9 ,0 1 2
1 0 ,4 3 3
6 ,5 1 5
1 9 ,1 6 8
6 ,4 7 9
7 ,9 8 3
ing about steady.
M o b i l e ...........
329
5 ,7 8 2
952
1 ,2 7 0
6 ,8 9 9
828
The following were the final asking prices :
3 ,4 3 1
2 3 ,6 1 3
3 2 ,6 6 1
9 ,6 2 9
1 0 ,3 9 6
1 1 ,9 6 9
Sept.........................1 4 -7 0 o . I D e c .......................1 4 -4 5 c . ; M a r c h ............ ,.1 4 - 0 5 o . S a v a n n a h . . .

G o t- - ........................1 4 -7 5 e . J a n .......................1 4 '2 5 c .
A p r i l .....................1 3 9 5 c .
N o v .......................... 1 4 -5 0 o . I F e b .......................1 4 -1 5 0 . I M a y ........................1 3 -8 0 0 .

C har* to n ,& o .
W ilm ’to n .& c

677
35

3 ,3 0 9
552

332
107

5 ,6 9 5
597

4 ,3 0 5
843

1 0 ,3 4 7
8 ,6 9 9

Raw.sugars sold with greater freedom and have stiffened iD N o r f o l k ____
16
2 ,4 8 3
1 ,4 1 8
693
689
1 0 ,7 1 9
value for all grades. Centrifugal quoted at 3 l4 a. for 96-deg. W. P o in t,& o .
71
15
1 ,9 7 2
145
65
2 ,1 9 6
test and muscovado at 3c. for 89-deg. test. Refined sugars sold A ll o t h e r s . . .
444
1 ,1 6 0
630
1 ,2 0 6
162
1 ,6 5 5
upon an immense scale, making one of the largest single week’s
trading on record, and prices are firmer; granulated quoted at T o t. t h i s w k . 1 5 ,0 9 3 3 8 ,3 9 6 2 8 ,1 1 7 5 0 ,2 9 5 9 8 ,1 9 0 1 2 4 ,3 6 8
4 7-16c.
S in c e S e p t . 1
1 3 ,8 0 2
3 8 ,3 9 6
5 6 ,2 4 1 1 3 1 ,1 8 1 2 0 3 ,2 2 8
3 1 ,1 6 8
. Kentucky tobacco has sold slowly but prices have held steady
The exports for the week ending this evening reach a total
sales 150 hhds., principally for export. Seed leaf tobacco ha;
been less active but prices have ruled steady; sales for the weel of 8,811 bales, of which 7,958 were to Great Britain, 76
were 1,340 cases, as follows: 700 cases 1894 crop, New Englanc to France and 777 to the rest of the Continent. Below are
Havana seed, 15@20c.; 140 cases 1S94 crop. New England seec the exports for the week and since September 1, 1895.
leaf, l/@20c.; 1U0 eases 1898 crop, New England Havana seed
Week Ending Sept. 6.
From Sept. 1,1895, to Sept. 6, 1895.
Exported to—
Export e ( to—
£ r 12oL50 casei\ 1692 cr°P. New England Havana seed, 30(3
Exports
Great
..Sc.; 200 cases 1894 crop, Pennsylvania seed leaf, private terms
Conti­ Total
Great
from—
Conti­
France
France
lotal.
BriVn.
nent. Week. Britain.
aad *50 cases 1,b94 crop, Flats, 10@18c.; also 900 bales Havana
nent.
85c. @$1 0o, and 225 bales Sumatra, 80e.@$2 85 in bond.
J a lv e s t o n ........
The speculative dealings in the market for Straits tin hav< Velasco, & c ....
been moderately active and prices have advanced in responst Sew O rle a n s .. 7,410
7,410
4,571
4,571
to stronger advices from abroad, closing firm at 14-40@14-45c •Mobile & P e n .
S
a
v
a
n
n
a
h
.......
ingot copper has been unchanged, closing firm at 12-25c foi
............
Nead has weakened a trifle, and the close was easy al B ru n sw ick .......
C h a rle sto n * . . .
3 40@3'4oc. for domestic. Spelter has also declined, and tht
ilm in g to n ...
close was quiet at 4-15c. for domestic. Pig iron has been moder- W
N o rfo lk ............
ately active andfirm. closing at $11 50@$14for domestic.
W eat P o i n t . .. .
Helmed petroleum has been quiet but steady, closing a N 'p ’tN e w a , &c
7 10c. m bbls., 4 '60c. in bulk and 7-50c. in cases; crude it New Y o r k .......
546
76
777
1,399
646
76
777
1,399
bbR. has been nominal; naphtha, 9’25c. Crude certificate: B o sto n ..............
2
2
2
.........
2
w Y i r r t f H C° T g
bid- Spirits turpentin. B altim o re ........
has been dull but steady at 27}£@28c. Rosins have beet P h ila d elp ’a.& c
T o ta l..............
7,958
76
777
8,611
WnnlClh»m? at f 1 4 ^
1 50 for comm°n to good strained
5,119
76
777
5,972
duU a n d eas

y

a ° bV e a n d

8C eady’

H o i)s h a v e

bee)

Total, 1 8 9 4 . . . . 14,882

2,761

17,P23

14,862

2,761

17,623

THE CHRONICLE.

S e f t k b b e s T, 1895. J

in audition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs,
Lambert Sc Barrows. Produce Exchange Building.
os suipboxbu, sot ousakbd—tor
Sept.

6 a t—

Great
B rita in .

Other
France. F o re ign

N one.
20 0
N one.
N one.
N one.
N one.
250
N one.
450
8.930
4.46K

2 .5 5 4
N one.
N one.
N one.
N one.
N one.
i,s o o
200
4.554
9 .2 0 4
12.130

N e w O rle a n s ...
O a lT e s to a ......
S a v a n n a h ...........
C liarlesEO E........
M o b ile .................
N o r fo lk ...............
N e w Y o r k ..........
O th e r p o r ts ___
T o ta l 1 8 9 5 ...
T o ta l 1 8 9 4 ...
T o ta l 1 8 9 3 ...

85
N one.
N ose,
N one.
None.
N one.
3.30O
N one.
3,885
7,401
0 ,9 3 0

L e a v in g
Stock.

Coastwise.

Total.

379
664
N one.
60
N one.
700
N one.
N one.
1,803
2,570
4,382

3 ,0 1 8
884
N one.
60
N one,
700
5,850
200
1 0,692
2 8 ,105
2 9 .9 6 4

6 3 ,51 4
1 0 ,6 4 5
7 ,8 3 6
14,816
5 ,3 3 9
4 ,3 3 2
154,42 1
9 ,8 4 2
270 ,7 6 5
167,220
219 ,6 1 9

Speculation in cotton for future delivery at this market
has continued active. Fluctuations in price were numerous
and acute, but at the full average cost ruling regular opera­
tors have felt unwilling to infest, and the outside trading
public in many cases manifested a disposition to secure
profits on previous deals. On Saturday, in consequence of
disappointing advices from Liverpool and an effort to sell
out considerable “ long” cotton, prices fell away IS -16
joints, closing easy. Monday iLabor Day was observed as
a close holiday, Tuesday morning brought strong accounts
from abroad and a great many unpropitious crop advices
from the South, which together served to stimulate a quick
general demand and ran up prices hi J7 points, the
buoyancy being particularly noticeable in late options,
Wednesday's market was quite irregular, but m the
main a weak tone developed, under considerable selling for
European account and liquidation by a previou-.lv prominent
bull operator, with prices making 11 joints net Iosh, Yester­
day liquidation of ‘‘long” contracts continued, symptoms of a
growing movementat the jort - increasing .the desire to -ell,
and there was further loss of 6 -9 points. To-day the tone
has been quite feverish, but price.- in the main better on fur­
ther poor crop rumors. Cotton on the spot selling (lowly;
middling uplands d;.(C.
The total sales for forward delivery for the week are 1,147,450
bales. For immediate delivery the total sales foot up this week
3,01; bales, including — for export, 1,913 for consumption
— for speculation and 1,100 on contract. The following arthe official quotations for each day of the past week—
August 31 to September 5.
Bates on and off middling, as established Nov. 92, 1893,
by the Revision Committee, at which grades other than
middling may be delivered on contract:
Fair.................. <5.1** oa. •good O r d i n a r y . . It* off.
M tddlto* Fair..................

-> -

■'

-

T*

oo.

H

G ood M lddtln* T in*, t

.

433

I§ a || i r f
iiin

3!??g fS ’g'j

S-sjfS’ a ll's

tp r

m i sh

§*

11! r *! 5| i • ?

•t 93
-5 «•
* 9•

» OQ « I
’ O' <

in

m

ra g

W
= S 8§

* g | f® £ i
-•’ g t ?
t-o

>
f
1

>
<

- .1
1 s: ;
" j

t>

s it

1

-i

ii!

t> *4<l <
>

3te »ai
c « 33-* »00 *r
3
l s : i t r f }t » f
<t
'H O ‘4
m
csob0 m
a* oa-V|
rj, «S55J m

8 * 3 *

>

I t ; l5

. *5?
i 1i

7

r a w

tffOO fje
3
|
-Ol-aO-4
cCT-5
o2J°®W

1 1
1

®

1 1

4-4

0bq»
1
<1 -4

-3CD

E tch .

o il. ■ t f ! t M id d U e * d r a i n e d . .

<.•!,

Good Middling--- . . .. . . . . *|« •>«. Middlinr .-uir,. ____ _ 1„ t>9,
Bsrfct Lew MOtift*....... % off. i8t*tetL»w»«.#t*toe<:>.. » « a » .
Low Middling................. *M Off. 1 Low Ml<M!logSt«o< t . . 1% oft.
Bute? IM O M U arr..... is*, oft. I
On this b a s i s the prices for a few of the grades would b e s-s
follows;
U PLA N D S.

S a t.

0 o < * l O n t f o a i y .................................

Vj «

jJ

M i d d l i n g . . . ...............................
0 cm#! M M .! U?i^ ^
_____
M id d lin g F a i r ....................................

**£« '
9%
91 | * l

S
p
SB

g u l p

.

tfo n T s# #

S a t.

M id d li n g F a i r . .................................

The
w
<ri»*
8*4
9 * !,

S T A IN E D .

'« t .

Low n u m m
M i d d li n x .......................................

M ld d U n ? . . . . . . . . . . . . . . . . . . . . .
s t r i c t M i d d l i n g .. . .........................
(to**-! M id d li n e T i n S o d ................

* » .« » r« < * » i D d
|
i
i
;
|

k

*
I
a
3

a sd

T li.

0%

I 9H
W ed

F il

7H
T%
? M t0
h%
HH ’
mi<»
y%
**•
ru .

7 % \ 7 % f 7%
"O j* I 0 5 14 1
«%
Kh

n o n T u rn

C D l,,'
7 4* , Ifo liday.
8* , . !

M ARKET

W #4

7% :
;
7W m ! 7 **3*!
nh
hh
K*JA i 0*5 4 t
9%
0% ’

1 St3*

ru .

F r«

a r
si* » #
9%
F rl
6 7-

•“ *

I ' h c 2 * 1*
; “ 'v , - S i®
i s v t *'■»

m »s
8*4

sa les.

The total sale* of cotton on the spot and for future delivery
-each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
tam e days.

. - v , ™ . . „ s a te * in S e p te m b e r, fo r 8 e ju .M n i.o r, 28 , 100 : B e p ta m o e r
O cto b e r, fo r O c to b e r. 2 2 9 ,6 0 0 ; S e p te m b e r-N o v c m b e r, fo r November,
4 1 3 ,8 0 0 : S c p te m b cv-D o b e ra h cr, t o r D e c e m b e r. 1 ,1 0 2 ,0 0 0 ; September.
J a n u a ry , fo r J a n u a ry . 3 ,2 0 5 ,3 0 0 ; S e p te m b e r F e b ru a ry , f o r F e b ru a ry ,
5 0 1 ,9 0 b ; S e p te m b e r-M a rc h , fo r M a rc h , 1 .3 7 4 ,to i: H e p te m b e r-A p ri 1,
fo r A p r il, 6 2 0 .2 0 c : -c p te ra b e r-M a v , fo r M a y , 4 .5 5 4 ,2 0 0 ; September**
J u n e , fo r J o s e , 2 ,7 0 4 ,0 0 0 ; S e p te m b e r-J n ly , f o r J u ly , l,0 8 4 ,3 0 o .

•A L E t OP f f O f AJf» COWTKACT.
The’following exchanges have been made during the week^,
Saits o f
B'm- ■ C on - 9pm- ■ C on ­
: Future** •06 Pd- to e a c h . 2. OOBept. f o r O ct- | 10 p d . to e x c h . 1 0 0 J a n . fo r S teh. *
p o rt. ; sum p, t u l 'n tract. Total-.
*0 6 p d . to Batch. 2 ,2 0 0 O c t, fo r S o y , *00 p d ; to e x c h . 1 0 0 D eo. f o r J a n .
•04 p it. to e x c h . 10 0 Feb. f o r M o b . | -20 pci. to e x c h . 3 0 0 S e p t, to r D e e
Q ni *’! .»*^**« »„*,
....
Bm
....
309 147,700 -28 p d . to e x c h . 1 0 0 O c t. fo r M ob. -24 p d . to e x c h . 7 0 0 S ept, to r J n n ,
.
*06
p d . to e x c h . 2 ,0 0 0 A p r. f« r M a y. j -39 p d . toexeli. 2 ,5 0 0 Oct. f o r M a y
*4*t m
mm
6 7 7 27 2 ,1 0 0
T he V1 -iBi.i' SUPPLY O F C O T T O N to-night, as made u j i by cable
.......
. . . . ! 3 42 . . . .
642 2 7 5 ,0 0 0
q n m ...........
363 ....
368 2 1 8 ,5 0 0 and telegraph is as follows. The Continental stocks, a* well aa
0t^ a # iT ...........
. . . . ( 767 . . . .
300
967 2 3 4 ,1 0 0 those for Great Britain and the afloat tire this week's returns
. . . . 1.91H . . . . 1,100 3,018 1 .147,400 and consequently all the European figures are brought down
•PO T M A RK ET
c tm ttv ,

TtUSMthJ

¥ *» « «
T b n f^ d *!
F r id a y .,
T o ta l.

to Thursday evening. But to make the totals the complete
T he S ales and F ricks of F utures are shown by the figures for to-night (Sept. 8), we add the item of exports from
comprehensive table.
the United States, including in it the exports of Friday only.

THE CHRONICLE.

434

1094,
1893.
189k
1895.
9 7 4 ,0 0 0 1 ,1 1 8 ,0 0 0 1 ,2 9 0 ,0 0 0
B lo c s a t L i v e r p o o l .......... b a l e s . 1 ,1 8 6 ,0 0 0
1 0 ,0 0 0
8 ,0 0 0
1 3 ,0 0 0
S to c k a t L o n d o n ............................
T o t a l G r e a t B r i t a i n s t o c k . 1 ,1 9 1 ,0 0 0 " 9 8 4 ,0 0 0 1 ,1 2 6 ,0 0 0 1 ,3 0 3 ,0 0 0
6 ,0 0 0
9 .0 0 0
2 9 .0 0 0
S to c k a t H a m b u r g .........................
9 1 .0 0 0
8 8 ,0 0 0
8 5 .0 0 0
9 6 .0 0 0
S to o k a t B r e m e n .............................
,2 n A n
2 2 ,0 0 0
1 4 .0 0 0
1 0 .0 0 0
S to c k a t A m s t e r d a m ...................
200
200
200
S to o k a t R o t t e r d a m ......................
8 ,0 0 0
9 .0 0 0
1 0 ,0 0 0
S to o k a t A n t w e r p ..........................
» 6 .0 0 0
3 7 1 ,0 0 0
3 3 9 ,0 0 0
3 2 2 ,0 0 0
im n
s t o o k a t H a v r e ................................
9 ,0 0 0
6 .0 0 0
6 ,0 0 0
S to o k a t M a r s e i l l e s .......................
* .0 0 0
7 2 .0 0 0
9 3 .0 0 0
7 4 .0 0 0
S to o k a t B a r c e l o n a .......................
0 0 ,0 0 0
1 3 .0 0 0
1 8 .0 0 0
1 0 .0 0 0
S to c k cat.
a t G e n o a .------------------..............................
->ooj
DIVO'B
4 2 .0 0 0
2 9 ,0 0 0
3 5 ,0 0 0
S to o k a t T r i e s t e ............................ ....... 2 _
5 9 2 ,2 0 0 " 6 0 2 ,2 0 0 6 3 1 ,2 0 0
T o t a l C o n t i n e n t a l s to c k s .
7 0 7 , 2 0 0 ___________________
T o t a l E u r o p e a n s to c k s . . . . 1 ,9 0 1 .2 0 0 1 .5 7 6 ,2 0 0 1 .7 2 8 ,2 0 0 1 ,9 3 4 ,2 0 0
I n d l a c o t t o n a r f o a t lo r E u r o p e .
|5 , 0 0 0
|4 .0 0 0
3 0 ,0 0 0
3 4 ,0 0 0

.

41
3 3: 0'000 00
0 0 00
22 | ; o o o 4 4 8 ; oo o
1'44:,0
8 to o * i n U n i t e d S t a t e s p o r t s . .
- 8 1 ,4 .^
k k ’o i q
~ 79 9 ° 8 1 2 8 7 0 6
S to c k i n U . S . i n t e r i o r t o w n s . .
3 o ,8 9 2
5 5 ,9 1 3
7 9 ,9 2 8
U n i t e d S t a t e s e x p o r t s to - d a y .
6 .2 5 0
2 ,8 2 7
T o tA l v is ib l e s u p p l y ............ 2 ,2 8 9 ,5 4 9 1 ,9 1 3 ,6 8 8 2 ,1 5 4 ,5 3 8 2 ,5 8 2 ,b o 5
O i th e ^ a b o v e , to tals* 1o f A m e rio a n a n d o t h e r d e s c r i p t i o n s a r e a s fo U o v s:

8 6 5 .0 0 0 1 ,0 7 8 ,0 0 0
8 1 4 .0 0 0
L iv e r p o o l" s to c k . . . .......... b a l e s . 1 .0 5 6 ,0 0 0
4 7 1 .0 0 0 4 4 5 ,0 0 0
4 2 0 .0 0 0
C o n t i n e n t a l s to c k s
................. 6 1 o ,0 0 0
3L000
3 5 ,0 0 0
3
2
,0
0
0
A m e ric a n a flo a t fo r E u r o p e ...
3 3 ,0 0 0
1 9 5 ,3 2 5
2 4 9 ,5 8 3
4 4 0 ,9 1 8
C n lt e d S t a t e s s t o c k . . . . . . . . . . . .
2 8 1 ,4 5 7
7
9
,9
2
8
1
2 8 ,7 0 6
5
5
,9
1
3
U n ite d S t a t e s m t e r i o r s t o c K s . .
3 5 ,8 9 2
So.
2 ,8 2 7
2 ,1 3 1
..........
b ’~” “ -----------.
U n ite d S t a t e s e x p o r tB t o - a a y .
T o t a l A m e r i c a n .. . . . . . . . . . . 2 ,0 1 1 ,3 4 9 1 ,5 2 3 ,4 3 8 l , , 0 / , 3 3 8 2 ,1 2 9 ,7 5 5
Bast In d ia n , B ra z il, <*c. 2 1 2 .0 0 0
2 5 3 ,0 0 0
L i v e r p o o l s t o c k ..............................
132 o o O
1 10 0 0 0
8 ,0 0 0
1 3 .0 0 0
L o n d o n s t o o k . . . . . .........................
|,0 0 0
1 0 ,0 0 0
1 8 6 ,2 0 0
1 3 1 ,2 0 0
C o n t i n e n t a l s t o c k s ........................
9 2 ,- 0 0
1 7 2 ,2 0 0
3
4 .0 0 0
3
0
.0
0
0
I n d i a a i l o a t f o r E u r o p e ..............
S o ,0 0 0
id non
8 ,0 0 0
2 5 .0 0 0
E g y p t , B r a z i l , A c ., a f l o a t ..........
1 3 ,0 0 0
1 * . ° 0 0 ______________________
T o t a l E a s t I n d i a , & 0 ............
2 7 8 ,2 0 0
3 9 o ,2 0 0 4 4 7 ,2 0 0
4 5 3 ,2 0 0
T o t a l A m e r i c a n . - ? : ? : : .......... 2 ,0 1 1 ,3 4 9 1,5 2 3 ,6 8 8 1 ,7 0 7 ,3 3 8 2 ,1 2 9 ,7 5 5
T o t a l v i s i b l e s u p p l y ............ 2 ,2 8 9 ,5 4 9 1 ,9 1 3 ,8 8 8 2 ,1 5 4 ,5 3 8 2,582,9:)-4d.
4*«d.
33% -,d.
M id d lin g U p la n d , L i v e r p o o l ..
7 8 ,. c.
8c.
6 1 5 ,, 0.
M id d lin g U p l a n d , N e w Y o r k ..
4*8(1.
4 7ed .
5 5 ,„ d .
E g y p t G o o d B ro w n , L i v e r p o o l
6>sd.
5*eri.
5 H ie d .
P e ru v . R o u g h G ood, L iv e rp o o l
3 1 5 ,,d.
4 7ie d .
3 1 5 ,„ d .
B r o a c h F in e . L i v e r p o o l .............
3
i
3„ d
4
e
l
e
d.
3»,
6d
.
T l n n e v e l ly G o o d , L i v e r p o o l ...

The imports into Continental ports the past week hat e
been 9,000 bales.
The above figures indicate an in c r e a s e in the cotton in sigi l
to-nigh: of 375,661 bales as compared with the same dale
of 1894, an in c re a s e of 135.011 bales over the corresponding
date of 1893 and a decrease of 293,406 bales from 1892,
A t t h e I n t e r i o r T o w n s the movement—that is the receipis
for the week, and since September 1, the shipments for tb<week and the stocks to-night, and the same items for the
corresponding period of 1894—is set out in detail below.

Q u o t a t io n s

fo r

M id d l in g (Jo t t o n

at o th er

M

a rk ets

tfeefc end ing
Sept. 6 .
G a lv e s to n ...
N ew O r le a n s
M o b ile ..........
S a v a n n a h ..
C h a r l e s to n .
W ilm in g to n
N o r f o lk ........
B o s t o n ..........
B a ltim o r e ..
P h ila d e lp h i a
A u g u s t a ____
M e m p h i s .. . .
8 t. L o u i e . . . ,
H o u s t o n ___
C in c in n a ti..
L o u is v ille .. .

CLOSING QUOTATIONS FO R MIDDLING COTTON ON—
Batur.
73i
7 * -e
738
7*«
7R>
730

7%
71116
7=8
7 >a
7*8
73l
7*8

•
•
•

T h u r t.

F r i.

7 78
Z i1! 8
7*8
7*8
7*8
7*4
7%
8 >4
8I4
8 7 ,6
7 9 .8

7 78
7*8
7^
7*8
7*8
73i
7%

T ’s
71118
7*8
7%
71a
734
7%
814

sq

8*1 g

838
7 7s
7111C
7 V.
7*4
7 7e
7111*

Wednet.

T u e i.

M on.

8*6

8 7 ,6
7*8
71116
7*8
7 7e
7 7a
7%

7»8
711 ,6
7=8
T il
7 78
7%

;
•
•
:

2 L1 ' 3

N e w b e r r y -------714
6>a L i t t l e R o o k —
A t l a n t a .......... . .
R a l e i g h ...............
77,
C o lu m b u s , G a .
7*4 M o n t g o m e r y . . .
7 is
C o lu m b u s , M is s
77j 6 S h r e v e p o r t .....
E u f a u l a .......... ...
712 N a t c h e z ..............
R e c e i p t s f r o m t h e P l a n t a t i o n s . — The following

4

,
M;
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to >&*■©►-«© w ; M© ‘
-occ
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Week
Binding—
Aug. 2.......
“
9 .......
“ 16.
“ 23 . . . .
“ 30 ...
S ep t. 6.

Receipts at the Ports. St’k at In terior Towns. R e c 'p ts fr o m P l a n t ’ns
1893.

£894.

1895.

10,713 3,944 1.760
9,243 5,732 2,137
1,749
12,248 7.213
12.434 14,122 2,715
17,634 25.173 0.803
28.117 38,396 15.093

1893.

tool w
©©00
9W O !

co to
to® m ©m
l^^'X>tOQO(COO<U9^UO)CO(D
lfkOt0KlOiM*J9C»Q0WMOi©O

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w
to •
m
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a® ©
10<J®M®J ©©©-OCOOiMMCC! motocoa-.tOMCo m
^w ©
00® MW®* IfH-OtcC/TOl^M©©. w © © cc<i© m w o5© .m tofcOM ©
to
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;
to to m ■
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to 1
m
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to ^ i® —® ; © 05 © -1 W V*r 1|#A® ; m © to w © to tfi.® m
m co ©
05 ® M W © • if> .to® m © ^M ao© . c o © © w -o © m w © © m to io M O

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to ;
m© ©
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<1© M
© to © © » M « .j© to m ro M M to

COMj -4
MM W
M
6-i i-t
w
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»U ®tOC5®M co'bl M Oi © to ® ® Mm to©
m®©m
• cotow iP.- m to© co to »-• © © © © to© © © © to m © ©
© © oo odco ^ . © © m M m w ^ o © m to © m © © © © to © o * © M tO ifa ©
* L o u i s v i lle f ig u r e s “ n e t ” i n b o th y e a r s ,
t L a s t y e a r ’s fig u re s a r e f o r C o lu m b ia , S. C.

ST
.2 Oq
• S*
Ck
05

5 m
*S’

1894.

1895.

91,651
84,667
79,179
70.824
74.501
79,928

82,859
59,935
501.939
55,819
56.306
55.913

858
47,202 4,57
43,742 2.259 2,808
41,714 6,760 4,217
35,157 10,079 13,002
34,782 15.311 25,720 6,428
35 892 33,544 36.974 16.203

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1, 1895, are 16,994 bales; in
1894 were 36,974 bales; in 1893 were 34,930 bales,
2.—That although the receipts at the outports the past week
were 15,093 bales, the actual movement from plantations was
only 16,203 bales, the balance going to increase the stocks a t
the interior towns. Last year tne receipts from the plantations
for the week were 38,974 bales and for 1893 they were
33,544 bales.
ovem ent fo r th e

W

e e k a n d s in c e

g .,8
5 ns
iv £ s

Se

pt

. 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. 6^
and since Sept. 1 in the last two years are as follows:
1894.

S in ce
Sept. 1 .

Since
Sept. t

Week.

858
146

4 ,3 9 7
92

890
247
176

368
124
217

T o t a l g r o s s o v e r l a n d . . . ......... ..
Deduct shipments—
O v e r la n d t o N . Y ., B o s to n , & c ..
B e t w e e n i n t ^ i i o r t o w n s ...............
I n l a n d , & c ., f r o m S o u t h . . . . . . . . .

2 ,3 1 7

5 ,1 9 8

403

630

*635

348

T o t a l t o b e d e d u c t e d . . . .............

1 ,0 3 8

981

1 .2 7 9

4 ,2 1 7

L e a v in g to t a l n e t o v e rla n d l .
* I n c lu d in g m o v e m e n t b y r a il to C a n a d a .

3

The foregoing shows that the week’s net overland movement
this year has been 1,279 bales, against 4,217 bales for the
week in 1894, ana cnat for the ason to date the aggregate net
overlan xhihitf a decrease from a vear ago of 2,935 bales.
1894

1895
COS

1895.

1894.

1893.

Skipped—
V ia S t. L o u i s ..................
V ia C a i r o ..........................
V ia H a n n i b a l . ............
V ia E v a n s v i l l e .............
V ia L o u i s v i l l e ............
V ia C i n c i n n a t i ..............
V ia o t h e r r o u t e s , & o.,

M
©
Ol

7H
7%
7%

7is
table
indicates the actual movement each week from the plantations,
rhe 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.

Week.
COMOi
co w
cc-oto

7*8
7 78
Z T8
7 78

T ’e
7 7q
734

1895.

to ©CO 1
to m © m m m ,
f-* © to to -o © •

8 >4

8*4
8 Rj
7L 2

The closing quotations to-day (Friday) at other important
Southern markets were as follows.

September 6.
© Ctf
CO
05;
© com O'
©®mwJ
kO M -4© © C*^“-l©tOOl-

.—

Below we give closing quotations of middling cotton at South­
ern and other principal cotton markets for each day of the week.

Overland M

►8
O
4
z

|V ol. LXI.

I n Sight, and Spinners'
Takings.

Week.

S in ce
Sept. 1.

Week.

Since
Sept. 1 .

R e c e ip t s a t p o r t s to S e p t. 6 ............
N e t o v e i l a n d to S e p t. 6 . . . ..............
S o u th e r n c o n s u m p t io n to S e p t. 6 .

1 3 ,8 0 2
1 ,2 7 9
1 8 ,0 0 0

3 8 ,3 9 6
4 ,2 1 7
1 5 ,0 0 0

T o t a l m a r k e t e d ............................
I n t e r i o r s to c k s i n e x c e s s , . . . ..........

3 3 ,0 8 1
1 ,1 1 0

5 7 ,6 1 3
1 1 ,4 2 2

C am e in to s ig h t d u r in g w e e k .
T o t a l i n s i g h t S e p t. 6 ..................

3 4 ,1 9 1

5 6 ,1 9 1

8 ,2 7 2
N o r th ’ll s p i n n e r s t a k ’ers t o S e p t. 6 .
* D e c re a se d u rin g w eek .
r L e ss th a n S e p te m b e r 1.

1 2 ,3 6 7

The above totals show that the interior stocks have in creast cl
5 the week 1,110 bales and are now 20,021 bales less
It will be seen by the above that there has <•,. me into sight
t same period last year. The receipts at all the towns during the week 34,191 bales, against 56,191 bales for the
ttttl 11,924 bales less th in same week last year and sin
aam^ ^eek of 1894, and that the decrease in amount in sight
1re 13,795 bales less th in for same time in 1) 94.
to-night as compared with last year is 22,000 bales*

September t. 1895. |

THE CHRONICLE

435

W eather Reports by Trleurami.—Reports tons by tele­ lowest 70, August rainfall three inches and ninety-six hun­
graph this evening from the South are less favorable. Rain dredths.
H elena, A rk a n sa s .—Cotton is not improving. Rain has
has fallen in -almost all sections during the week, but in general fallen
on four days of the week, heavily on one, to the extent
the precipitation has not been excessive. Worms and shedding of two inches and twenty-five hnndredths. The thermometer
axe claimed to have done much injury to the crop in Texas, and has ranged from 6S to 90. averaging 80. Daring the month of
in portions of Alabama, Mississippi, Tennessee and Arkansas August the rainfall was three inches and thirty-four hun­
damage is reported to have resulted from similar causes as dredths.
M em phis, Tennessee.—Wehave had light rain on three days of
well as from an excess or deficiency of moisture. Picking ia the week, but now the weather is clear.'" The condition of "cot­
ton has deteriorated as a result of drought, rust and shedding
now progressing well at many points.
G al v a t o n, Texas ,—It is claimed that much damage has Now opening rapidly. The rainfall reached forty-nine hun­
been done by Shall worms, sharpshooters and shedding all dredths of an inch,’ Average thermometer 77*8 highest 89’9
over the State. Reliable reports irom all parts of Southwest and lowest 67. During the month of August the rainfall
Texas say that the Mexican weevil is doing great injury, and reached sixty-fonr hundredths of an inch, on six days.
N ashville,'Tennessee.—The week’s rainfall haa been one inch
that durmg the last ten days it has extended as far east as
Fort Bend County. Cotton is shedding badly, and conserva­ and seven hundredths. The thermometer has averaged 76, the
tive people now estimate the decrease in yield from last year highest being 8S at d the lowest 63. August rainfall one i nch
at fully 50 per cent in Southwest, South and South Central and forty hundredths.
M obile, A lab am a .—Crop reporta are unfavorable, worms, rust
Texas.' Worms are doing much damage in North and Central
Texas, and farmers are unable to obtain suitable poison to and shedding being complained of. There has been rain on five
kill them. There is no Paris green in the State, though the days daring t he week, the precipitation being forty-seven hun­
demand for it is very great. I t has rained on two days of dredths of an inch. The thermometer has a veraged 82, ringing
the week, the precipitation reaching forty-five hundredths of from 76 to 92. Month's rainfall eight inches and sixty-nine hun­
an inch. The thermometer has averaged 84, the highest dredths.
Montgomery, A la b a m a .—The cotton crop is much less prom­
being 87 and the lowest 80. August rainfall four inches and
ising than a month ago. Worms, rust and continued rains have
fifty-one hundredths.
Hates t i n e . Texas ,—It has rained on two days daring the done much injury, The damage is variously estimated at from
week, to the extent of fifty-four hundredths of au inch. The twenty-five to thirty-three per cent. Boll worms are stripping
thermometer has averaged 81, ranging from fits to 94. During c >ttou badly n ow. The corn crop is excellent, We have haa rain
the month of August the precipitation reached three inches on four days daring the week,'to the extent of eighty-nine hun­
dredths of an inch. The thermometer has ranged from 74 to 89,
and thirty-seven hundredths.
H untsville, T exas,—There has been no rain daring the week. averaging 81, August rainrali four inches and fifty hun­
The thermometer has ranged from 70 to 94, averaging 83. dredths.
Selm a, A la b a m a .—We have had rain on four days of the
During the month of August rainfall eighty-nine hundredths
week, the rainfall reaching forty-one hundredths of an inch.
of an inch.
D allas,
We have had rain on four days of the week, The thermometer has ranged from 67 to 89, averaging 78.
M adison, F fo rid a ,—Complaint of shedding and th at plants
the precipitation reselling on.■>Inch and fifty-four hundredths.
Average theruiom ter *3, highest 96 and lowest 88. Rainfall are dying ri quite general. It has rained on four days of the
week, the precipitation reaching three inches and ten hun­
for August one inch and fifty-four hundredths,
S an A ntonio, Texas.—There has been rain on three days dredth*. The thermometer has averaged 81, the highest being
during the week, the rainfall being two inches and one hun­ 90 and the lowest 69.
Columbus, G eorgia .—There has been rain on four days
dredth. The thermometer has averaged S3, the highest being
96 and the lowest 88. During the, mouth of August the rain­ during the week, k> the extent of one inch and thirty-four
hundredths. The thermometer has averaged 80, ranging
fall reached one inch • nd ninety hundredths.
L uting, T exas —It has rained on one day of the week, the from 70 to 89. August rainfall five inches and fifty-four
hundredths.
precipitation being seventv-four hundredths of an inch. The
S a v a n n a h , G eorgia .—There has been rain on live days of
thermometer hs» averaged 84, ranging from 73 to 96 During
the month of August the rainfall reached tw , inches and thirty- the past week, the rainfall being flfiy-six hundredths of an
inch.
The therm -meter has ranged from 68 to 95, averaging
one hundredth*.
C olum bia, T exas.—Rain has fallen on two day* of the week, 80. August rainfall nine inches and sixty-eight hundredths.
A u g u sta, G eo rg ia.—Dry weather has’ prevailed atl the
the rainfall reaching one inch and six hundredths. The th-rmometer has ranged from 70 to 92, averaging 81. Daring the w e e k . Average thermomer 86. highest 92 and lowest 67.
month of August the rainfall reached four laches and sixty- Rainfall for August eu h t inches and forty-five hundredths.
A lbany, G eo rg ia .—The crop will be very short. Rust,
three hundredths,
B rm h am , Texas.—Vie have bad rain on one day during shedding and too much rain an- complained of. There has
the week, the precipitation reaching four hundredths of ah been rain on three days of the week, the precipitation being
inch. The thermometer has averaged 85, the highest being two iaches and fifty hundredths. Th« thermometer has aver­
98 and the lowest 72, August rainfall eighty-eight hun­ aged 78, the highest being 90 and the lowest 72.
C harleston, South C aro lin a , —W ,■ have had rain on six days
dredth* of an Inch.
Belton, T exas ,—Rain has fallen on one day during the of the week, to the extent of one inch and fifty-five hundredths
week to the exteat of thirty-three hundredth* of an inch. of an inch. Tba thermometer has averaged 80, ranging from
The thermometer has averaged 82. ranging from 70 to 94. 70 to 91. August rainfall five in -hes and eight hundredths.
S ta t.b iirg , South C a ro lin a . —There haa been only a trace of
Rainfall for the month wventy-stx hundredths of an inch.
Cuero. Texas,—We have had rain on three days during the rain on one day of the week. The thermometer has ranged
week, the rainfall teaching tweaty-flre hundredths of an inch. fromf I to 89, averaging 71'4. August rainfall four inches and
Average thermometer SB/ highest 98, lowest 74, Angus* ram- 1 seventy-seven hundredths.
$ i v m w o d , South C aro lin a ,—Conditions have been favor,
fail twenty-two ho .dredtha of an inch.
f o r t W orth, T e x a s - We have had rata on throe days of the ahiefor cotton the past we -k. but the yield will be less than last
week, the rainfall teaching eighty hundredths of an Inch, year. Drought forced maturity and the opening is premature.
The thermometer
ranged ttm n *17 to 9*5, averaging 84. Average thermometer 76, highest 89 and low»Mt 69.
W ilson, N orth C aro lin a , -Thorp lias been rain on one day of
Aa gust rainfall Ufty-four hundredths of an Inch.
W ea th erfo rd , T exas .—We have bad rain on two d a y s of the the week to the extent of fifty- *ue hundredths of an inch. The
week, the rainfall reaching seven hundredths of an inch Av­ thermometer has averaged 7s, the highest being 94 and the
erage thermometer 81, highest 36 and lowest 86, During the lowest *11.
The following statement we hav- also received by telegraph,
m*ntn of Atig as* the rainfall reached four inches and fortyshowing the height of the rivers at the points named at
three hundredth*.
___
New OrliAiM, L o u isian a. —There has been rain on two days ^o’clock September 3, 1885. and .September 6, 1894^
during the weak and the rainfall reached twenty-eight hun­
Sept, a , *95. Mepi. 0 , '3 4 .
dredth* of aa inch, The thermometer has averaged tH. During
F e el,
Teel.
A «|aat ram fell to the extent of six inches and twenty hun- S e w O rle a n s ............... . . .A b o v e %eto o f g a u g e ,
3*7
3*2
ftC e m p h ]*.....................
...A b o v e re ro o f |{» ii*« .
S
the week, the precipitation reaching twelve hundredths of an Y hierek av be up or*rt...................
--------------- - ...A b o v e zero o f ip iu g e .

35
2*1
3*4
5 *0

S h reetp o rt, L m im a m h —There has b*«n rain on three days of S a e b v tlle ..................... .. Ahove sero o f *c#a*e.

inch. The thermom-ter ha* averaged 82, ranging from&) to 85.
August rainfall one inch and forty-right hundredths.
Coinm hus, M ississippi. —Picking has commenced in earnest.
Rain has fallen on four Jay-t during the week to the extent of
forty-four hundredths of an Inch The thermometer has ranged
from 68 to 101, averaging 83. During the month of August
rainfall seven inchea and twenty-seven hundredths.
L elaw l, M ississippi,—Tlet have had rain during the week to
the extent of fifteen hundredths of an Such. Average tbertnonieteris**;, highest 90, low *»t 88. August rainfall three inches
and seventy-fear hundredths.
Virkstm rg, M ississippi .—There has been rain on two days
this week, the precipitation being one inch and five hundredths.
Average thermometer fit, highest 92 and lowest 11.
L ittle R ock, A rk n n stts .—Rain has fallen on one day of the
w»ek, to the extent of fifty-nine hundredths of an inch. The
thermometer has averaged 82, the highest being *4 and the

1*2
1*4
3*2
1*0

Asko At, Co h o s Crop Statement.—In our editorial columns
will be found our annual crop statement, with the usual faote
and information with regard to consumption, & a.
I ndia Cotton* Movement From add P orts.—The receipts
and shipments of cotton at Bombay have been as follows for,
the week and year, bringing the figures down to Sept, 5,
BOHJIAT BBO atW S AXO SrUPSIRNTS FOB FOUR VICARS.
S h ip m e n t*th is week, j

S h ip m en t* u n e e Sept,

1

T ea r Great C o n ti­
Q r ta i
jB rit'n . nent. r ° l a l -\ B r ita in
1395
1394
1393

1*>92

3 .0 0 0 3 .0 0 0
4.000 4 .0 0 0 :
7 .0 0 0 7 ,0 0 0 '
.......... !

i

O o n lt-

n e u l.
2 8 .0 0 0 4 9 4 .0 0 0
4 7 ,1 4 1 4 3 7 ,7 8 0
43.5 2 5 3 0 1 ,1 3 9
8 9 ,0 0 8 8 3 4 .1 *6

1 .*

Receipt*,

T o ta l.

Th it
Week.

6 2 2 .0 0 0
8.34,974
8 4 1 .6 6 4
9 0 3 .1 8 9

7 .0 0 0 1 ,5 3 3 ,0 0 0
4 .0 0 0 1 ,7 9 4 ,1 7 5
3 .0 0 0 1 ,7 3 0 ,4 9 4
2 .0 0 0 1,74 7 ,8 3 8

Since
Mept. 1 .*

THE CHRONICLE.

436

Shipment* * inee tiepi

Shipm ent* f o r the week.
C o n ti­
nent.

Great
B rita in .

areal
B rita in .

Total.

C a lc u tta —
1 8 9 * ..........
1 8 9 1 ..........
M a d ra s—
1 ,0 0 0
1 8 0 'S ..........
1 ,0 0 0
i ’o o o
1894
........................

*

Total

Oont%nc7U.

8 ,0 0 0
1 9 ,6 3 5

4 6 ,0 0 0
8 5 ,7 5 9

5 4 ,0 0 0
1 0 5 ,4 4 4

1 ,0 0 3
2 ,0 0 0

1 6 .0 0 0
3 3 ,9 5 2

1 9 ,0 0 0
2 5 ,9 3 5

3 5 .0 0 0
5 9 ,9 8 7

........................ 3 .0 0 0
1 .0 0 0
2 ,0 0 0
........................

3 .0 0 0
3 .0 0 0

3 3 ,0 0 0
4 1 ,5 0 0

1 1 3 ,0 0 0
1 3 1 ,4 7 5

1 4 6 ,(* v
1 7 5 ,9 7 5

T o ta l a l l 1895
........................ 4 .0 0 0
2 ,0 0 0
3 ,0 0 0
1 8 9 4 ...........

4 .0 0 0
5 .0 0 0

5 7 ,0 0 0
9 8 ,1 3 7

1 7 8 ,0 0 0
2 4 3 ,1 6 9

2 3 5 ,0 0 0
3 4 L .3 0 6

All others—
1895
1894

BX POR TS TO flU R O P B FROM ALL IN D IA .

Shipments
a ll Europe
fr o m —

S in ce
Sept. 1 *

TM*

8 in c *

T h it
w eek.

week.

Sept. 1 .*

Since
Sept. 1. *

week.

T o ta l..

7 ,9 0 0

7 5 7 ,0 0 0

9 ,0 0 0 1 ,2 2 6 ,1 8 0

1 1 ,0 0 0 1 ,0 4 9 ,7 7 9

A LEXA ND RIA R E C E IP T S AND SH IPM EN TS.

B e c e iy t s ( o a u t a r s : ) . . . .
T ills w e e k ----S in c e S e p t. 1*

E x p o r t s (b a le s )—
T o L i v e r p o o l ..............
T o C o n t i n e n t ! ............
T o t a l E u r o p e _____

1893.

1894.

1895.

2 5 ,0 0 0
4 ,9 3 3,666

6 ,0 0 0 *
4 ,5 4 4 ,0 0 0

5 ,1 1 8 ,1 5 0

TM *
week. Sept. 1 *

S in e '
TM *
week. S e p t.IS

S in r
TM *
week. Sept 1 *

2 7 7 .0 0 0
1 ,0 0 0 3 5 2 ,5 0 0

1 ,0 0 5 3 1 1 ,1 2 5
5 ,0 0 0 3 5 2 ,7 8 2

2 ,0 0 0 3 1 4 ,5 3 4
4 ,0 0 0 3 6 5 ,2 8 2

1 ,0 0 0 6 2 9 ,5 0 0

from Manchester states that the market is firm for yarns and
quiet for shirtings. The demand for both home trade and
foreign markets is poor. We give the prices for to-day below
and leave those for previous weeks of this and last year for
comparison:
1894.

1895.

8.
4
4
4
4
4
4

n.
d
d
3233v 5 % U 6»8
3 253i 5 3 , 8 6 5 8
3**g. 5% ® 6 » „ ,
4*16 5 3 i
4 9sa 53j 3 6 9 ,8
5 1 i,8 S 6 5 8
4L,

d.
3. *
1 ®6 1
1 7*6 1
l% a 6 2
2% <*6 5
3 «6 6
3% »6 6

S
4
4
4
4
4
4

'1.
t*
7 U6
7 ®6
6% 36
6 % f i6
6 -0 6
6% & 6

0
6
6
5%
6
6
7

Total bale..
N b w Y o r k —T o L iv e r p o o l, p e r s t e a m e r G e o r g ia , 5 4 6 ......................
516
T o H a v r e , p e r s t e a m e r L a C h a m p a g n e , 7 6 .................................
76
T o B r e m e n , p e r s t e a m e r B r a u n s c h w e ig , 5 7 7 .................................
577
T o N a p le s , p e r s t e a m e r A le s ia , 2 0 0 ......................................................
200
N a w O r l e a n s — T o L i v e r p o o l, p e r s t e a m e r Y u o a t a n , 2 ,9 2 8 ........
2 ,8 2 8
P h i l a d e l p h i a —T o L i v e r p o o l, p e r s t e a m e r R k y n l a n d , 1 4 ............
14
4 ,2 4 1

Cotton freights the past week have been as follows:
Satur.
Liverpool, steain.d
he‘
....
M anchester.........d.
H avre, ask ed __ d 2010%
D u n k irk .............. c.
. .. .
B rem en, Sept. 5 .c
20t
Do
la te r . ..d.
25t
H am burg, asked. e.
201
___
Do
stcam .d.
Ams’dara, asked.c.
201
Kcval, v. H auib.d.
6S2
Do v. H u ll...d . “64-1912B
....
B arcelona, J u ly .d .
G e n o a ....... ........ d.
T rieslo................d. ft<54
A ntw erp, ste a m , d.
*16
s,„
Ghent^v. A ntw ’p.rf

Mon.

Tues.
he*

Wednes. Thurs.
he"

he*

....

2 0 t« %

w
©

Fri,
he*

201 '&% 20t®»e 201 ® %

....

. ...

201
251
201

201
25)
20f

. ...

. ...

201
25t
20t

D u ll.

4 731

M id .U p l’d s

•*732
7 .0 0 0
1 ,5 0 0

Futures.
M a rk e t, )
1 :4 5 p . m . J

Irre g . a t
4-64 d eo l in e .

M a rk e t, ?
4 P . M. J

B a r e ly
■ te a c y .

Q u ie t a t
1-64 © 2-64
d e c lin e .

20t
251
20t

201
201
201
201
532
“32
• B»2
532
901-19lv8 9e i-19i23 964—l0128 964“1912S

F a ir

M ad elin e
aeuiHii

Q u ie t.

4q

co sin es*

D u ll.

d o in g .

4q

4q

41*3,

7 .0 0 0
1 .0 0 0

1 0 OOO
1 .0 0 0

6 *'O0
50o

E a s y ai
3-64 d e o lin e .

E asy ai
p a rtia lly
1-64 a d v .

I-ri4 (a, 2-6a

Irre g . a t

O u ie i h <
2-64 d e ­

d e c li n e .

c lin e .

F irm .

Q u i e t.

W eak.

B tead y.

7 .0 0 0
1 .0
Jo

V e ry “
a rm .

The opening, highest, lowest and closing prices of lutuies
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherw se
stated:
S a t., A u g . 31*

T u e s ., S e p t

M o n ., S e p t . 2 .

3.

Open High Low. CIOS. Open High Low. Clos. Open H igh L o w . Ol08.
S e p t e m b e r ..
S e p t .- O c t ...
O c t.- N o v ....
N o v .- D e e ...
D e c .-J a n ..
J a n .- F e b .. .
F e b .-M c h .
M c h .-A p ril.
A p riJ-M a y ..
M a y -J u n e ..
Ju n e J u ly ..
J u ly - A u g ...

d.

d.

4 10
4 OS)
4 09
4 10
4 11
4 12
4 14
4 15
4 16
4 18
4 19

4 10
4 09
4 09
4 10
A ll
4 12
4 14
4 15
4 17
4 18
4 19

d.

d.

W e d ., S e p t. 4 .

d.

d.

d.

4 14
4 14
4 15
4 16
4 17
4 18
4 19
4 21
4 22
4 24
4 25

4 14
4 14
4 15
4 16
4 17
4 18
4 19
4 21
4 23
4 24
4 25

4 16
4 16
4 16
4 17
4 18
4 19
4 21
4 22
4 23
4 25
4 26

d.

d.

4 10 4 10 4 1 4 4 1 4
4 09 4 09 4 14 4 1 4
4 09 4 09 4 15 4 15
4 10 4 10 4 1 6 4 16
4 11 4 11 4 1 7 4 17
4 12 4 12 I 4 18 4 18
4 14 4 14 4 19 4 19
4 15 4 15 4 21 4 21
4 16 4 17 4 22 4 23
4 18 4 18 4 24 4 24
4 25 4 25
4 19 4 1 9

T h u r s . , S e p t . 5*

d.
S e p te m b e r ..
S e p t.-O c t.
O c t.-N o v ..
N o v .- D e c ...
D e c . - J a n .. . .
J a n .- F e b .. . .
F e b .-M c h .
M c h .-A p ril.
A p ril-M a y ..
M a y - J u n e ..
J u n e -J u ly
J u ly - A u g .

d.

4 14 4 16
4 14 4 16
J IS 4 15
4 14 4 1 b
4 15 4 19
4 17 4 20
4 18 4 2 i
4 19 4 23
4 21 4 25
4 22 4 26
4 23 4 27

d.

d.

d.

d.

4 14
4 14
413
4 14
4 15
4 17
4 18
4 19
4 21
4 22
4 23

4 16
4 16
4 15
4 18
4 19
4 20
4 22
4 23
4 25
4 26
4 2?

4 17
4 17
4 16
4 17
418
4 19
4 21
4 22
4 23
4 25
4 26

4 17
4 17
4 16
1 17
4 18
4 19
4 21
4 22
4 23
4 25
4 27

d.
4
4
4
4
4
4
4
4
4
4
4

15
15
14
15
16
17
19
20
21
23
21

15
15
14
15
16
17
10
20
21
23
24

d.

16 4 16
16 4 16
16 4 16
17 4 17
IS 4 19
20 4 19
21 4 21
22 4 22
23 4 23
25 4 25
27 4 20

d.
4 I ff
4 10
4 16
417
418
4 20
4 21
4 22
4 23
4 25
4 27

>pen H igh Lm v. Clos.

d.
4
4
3
4
4
4
4
4
4
4
4

d.
4
4
4
4
4
4
4
4
4
4
4

F r i . , S e p t. 6 .

Open High Low. Clos. Open High Low. Clos.
3W W
3%
327^
3 2 7 ,2
313l0
32 »S2

J u t e Burrs, B a g g i n g , &c.—The demand for jute bagging
has been only moderate during the week under review.
I’rices continue 4% c. for 1% lbs., 4}&c. for 2 lbs. and 5c. for
standard grades in a jobbing way. Car-load lots of standard
brands are quoted at 4/£c. for 1% lbs., 4%c. for 2 lbs. and
5j£c. for 2 lbs. f. o. b. at New York. Jute butts are in
light, request on the spot at l ^ c . for paper quality, 1 J£c. for
mixing, and bagging quality nominal in the absence of stock.
S h i p p i n g N e w s . —The exports of cotton from the Umied
States the past week, as per la te s t m a il returns, have reacheo
4,241 bales.

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

S m a ll
I n q u ir y .

S a le s .
Spec. & ex p

8*4 lbs. S h irt­ GotVn
ings, common M id .
to finest.
JJplds

8*4 lbs. S h irt­ OotVn
3 2 s Cop. ings, common M id . 32.9 Cop.
Twist.
Twist.
JJplds
to finest.
1,
n
5&ie ©6*4
5 71S © 6Bte
5®ie © 6 7 1(j
iS ll16® « » ie
5%
6
» 6 7e

M a r k e t, £
1 :4 5 p. m .J

6 ,0 0 0 6 7 9 ,8 1 6

6 ,0 0 0 6 6 4 ,2 0 7

t o r w h ic h to A m e r ic a iu 1 8 9 4 -9 5 , 4 4 ,6 0 0 b a le s ; i n 1 8 9 3 -9 4 , 2 9 ,1 9 9
b a le s ; in 1 8 9 2 -9 3 , 3 8 ,7 6 5 b a le s .
* T o t a ls s in c e S e p te m b e r 1 c o v e r t h e l u l l y e a r s 1 8 9 4 - 9 5 ,1 8 9 3 - 9 4 a n d
1 8 9 2 -9 3 .
M a n c h e s t e r M a r k e t . — Oar report received by cable to -night

A u g .2
*• 9
“ 16
“ 23
“ 30
S ep. 6

Tuesday. WecPdav Th/ursd’y. F rid a y .

©o
S3

4 .0 0 0
5 .0 0 0

A lexa nd ria , Egypt,
September 4.

Saturday Monday.

00

5 2 2 .0 0 0
2 3 5 .0 0 0

8 4 4 ,6 6 4
2 0 5 ,1 1 5

7 .0 0 0
4 .0 0 0

8 8 4 ,8 7 4
3 4 1 ,3 0 6

3 .0 0 0
4 .0 0 0

Sent. 6.

The tone of the Liverpool market for spois ana luuuco ea> L
day of the week ending Sepc. 6 and the daily closing ; riots
of -pot cotton, have been as followsSpot.

TM *

B o m b a y . ..• • • •
A ll o t h e r p o r t s
-

Aug. 30

Aug. 23.

Aug. 16.

6 3 ,0 u 0
4 9 <*00
50.0* n
6 3 ,0 0 0
5 a le s o f t h e w e e k . . .......... b a l e s .
3.60*
) ,8"< '
4 lOO
3 ,0 0 0
O f w h ic h e x p o r t e r s t o o k .
1, i 0 0
4 ,0 0 0
3 ,6 0 0
1 ,9 0 0
O f w h ic h s p e c u l a t o r s to o k ..
5 5 ,o u o
3t> 0 0 0
4 6 ,0 o o
57,OOu
S a le s A m e r i c a n ............................. .
6 ,0 0 0
4 ,0 0 1
1 2 ,0 0 0
9 .0 0 0
k o t u a l e x p o r t ...................................
V2,OU»
* 2 ,0 0 0
4 6 ,0 0 0
4 8 ,0 0 0
F o r w a r d e d ..........................................
T o ta l s t o c k —E s t i m a t e d .............. 1 ,3 3 4 ,0 0 0 3 ,2 7 6 ,0 0 0 1 ,2 2 9 .0 0 4 1 ,1 4 6 .0 0 0
O f w h ic h A m e r i c a n —E s t i i n ’d 1 ,1 9 6 .0 0 0 1,1 4) ,0 0 0 1 ,0 9 4 .0 0 0 ly 'jn ti 0 0 0
1 2 0OO
1 8 ,0 0 0
2 0 ,0 0 0
6,0l»0
T o ta l i m p o r t o f t h e w e e k ...........
2 ,0 0 0
9 ,0 0 0
1 1 ,0 0 0
6 ,0 0 0
O f w h ic h A m e r i c a n ..................
3 0 ,0 0 0
2 6 ,0 0 0
2 9 ,0 0 0
2 1 ,0 0 0
A m j u n l a t l.m t.................................
1 7 ,0 0 0
1 4 ‘DO
1 7 ,0 0 0
12,00*

1893

1894.

1895

[VOL. LXI.

a.
4
4
4
4
4
4
4
4
4
4
4

d.

12 4 1 3
12 4 13
12 4 13
13 4 13
14 4 14
15 4 16
17 4 17
18 4 18
19 4 2 0
21 4 21
22 4 23

d.
4 12
4 12
4 12
413
4 14
4 15
4 17
4 18
4 19
421
4 22

d.
413
4 13
413
4 13
414
4 16
4 17
4 18
4 20
4 21
4 23-

B R E A D S T U F F S .
Friday, September 6, 1895.
It has been a quiet week in the market for wheat flour. Buy­
ers, owing to a further deeliue in the price of the grain, have
been very indifferent operators and values have been weak.
For rye flour there has been a quiet market and prices have
made a slight further decline. Tne choice grades of corn meal
have sold moderately w 11, but at slightly lower prices. To-day
the market for wheat flour was dull and easy.
There has been little animation to the speculative dealings
in the market for wheat futures, and prices have declined
under a heavy movement of the spring-wheat crop, dull
and depressed foreign advices, slowness of the “cash” de­
mand and absence of speculative interest. Iu the sp t mar­
ket business hss been quiet and prices have declined with
futures. Yesterday sales were made of No. 1 Northern at
%c. over December, f o. b. afloat; No. 1 hard spring at 4c.
over Seotember, f. o. b. afloat, and No. 1 Manitoba at 3c.
over September, f. o. b. afloat. To-day the market was
weaker, in response to easier foreign advices and a continued
heavy crop movement at the Northwest. The spot market
was dull. The only sale reported was No. 2 hard winter at
61%e. f. o. b afloat; No. 2 red winter was quoted at l% c.
over September, f. o. b. afloat.
d a il y c l o s in g p r ic e s

Sal.
V » 964
ks
S e p te m b e r d e l i v e r y ____c . 6 5 7s
®84®saa 96l®532 904®542 964®532 O
c to b e r d e l i v e r y ..............o. f i e q
J10
116
D e c e m b e r d e l i v e r y ......... o. 6 9 q
830
Sj2
**32
M a y d e l i v e r y ......................o. 7 2 ^
s3*

NO . 2 R E D W IN T E R W H E A T .

M on.
pA

eS
?

Tues.
6 158
6*
6 6 7«

65 ^

66

7118

693q

69%

W ed .
63-38

6 3 3q

T h u rs .
6 8 78
64

F ri ■
6 3 *8

6 J ig
65%
09

There has been a fairly active speculation in the market
Liverpool.—By cable from Liverpool we have the following for Indian com futures, but at declining prices, due t o
statement of the week’s sales, stocks, &c., at that port:
general selling prompted by a large crop being practically

S eptem ber

assure.!, a. th* plant is now too far matured to be seriously
damaged by uiti'ivarable weather conditions. In the spot
market shiopots ba.ce be-n fairly active buyers, but- at lower
priess. Thyesterday included So. 2 mixed at SS^c.
in elerati-.r. ! ’ }<■- over Sfr*ten b r delivered and l?ie. oxer
September f. o. b. afloat. During early ’Change the market
was tinner on buying by ••shorts” to cover, but subsequently
nearly all of the improvement was lost. The spot market
was quiet. The sales included Mo. 2 mixed at 2c. over Sep­
ia Tiber f . o. b. afloat.
DAILT CLOSHfO PRICES O P KO. 3 MIXED C O M .

»* .
Tnes.
Wed. Thurs.
Man.
gal.
,
40% 39
38%
September delivery:. ,e. 41%
3**a
39'* 38%
38%
October delivery..... .0, 41%
37%
.
. ...
39
s
41
November delivery...
35%
35% . ...
iterember delivery .. -c- 37 Va
35%
35%
36
35%
37%
May delivery
Oats for future delivery have been quiet and prices have
made fractional declines in sympathy with the weakness of corn
and wheat. In the spot market business has been fairly active
but at irregular prices: the white grades have advanced owing
to scarcity, but the mixed grades have declined with futures.
The sales yesterday included Mo. 3 mixed at235i'<|24e in ele­
vator and M--. 2 white at 27f«e. in elevator. To-day the mar­
ket was steadier. The spot market was steady. The sales in­
cluded N o . 2 mixed at 24Me. in elevator and Mo. 2 white at
27f4e. in elevator.
DAinr clomxo prior* or so. 2 mixed oat*.
ftV Mon, Tar*. Wed. T hurt,
23i-i 23'^
23% 23
September delivery__..c. 33-V
>%
22%
23
23
October delivery....... ■C. 23%
a
24% 24% 24% 24%
December delivery....
25% 25% 26%
May delivery......... . .0 . 26%
Rye has been neglected and prices have been quoted un­
changed.
The following are closing quotations;
FLOCB.

f i n e ...................* b b l .* S l .V * 2 20 Patent, w inter........... $3 40® *3 60
Baperttne............... 3 25® 2 S ' Otty mil.Ae x tr a s ---- 3 80* ...

Extra, No. 2........... 3 30® 2 8 0 Rye Bear, enpertlo*.. 2 65® 3 15
Extra. Mo. 1............ 2 50 ®2 80 Buckwheat Boar........... ® ....
Clear*.................... 2 85* 3 10 Corn meal—
Straight*............... 3 1 0 ® 3 35 Western, &&......... 2 50* SCO
285
Patent. *j>rm<r..... . 3 4»» 3 75 Brandywine— ....
(Wheat Hour la *»ck* -etln at pries* below tbo*« for h»rrei*. 1
OEAIS.
Wheat—
e.
o.
Corn, per hneh—
e.
<■
8 prteg, per tm»b.. >::! o 8 8
W--t'a mixed__ _ 3 * ®41
Bed winter No. 3.. 62%®*U% So. 2 mix**!.......... 39 a 4 0 %
Bed winter......... »w « <
Western yellow... 39 a 41
White__ ____ 64
®W
Wr-tern White.... »l» * 4.1
Oatw-Mixed, per tra. 23 9 27 Bye—
25 * 33
w.-tiers.pert..i«b..........«
White............
So, 2 Wired..,,..., 33*19 2,. afcit* atiA jEr*t-f., 5b i St
So. 2 « .rte......... 27h 9 2 - *. Barh-y—Sp.a We*rn — * —
sftate 2-rowed............ »
etate B tp w ed ___ _

W

F o r t t k e r t a b l e t a t u a l l r e l t e n h e r e *m

THE
M ew

DRY
Y

o rk

. Fr

437

THE CHRONICLE.

l a95.)

GOODS
id a y

. P.

ra te

.... »

lu » .

TRADE.

M ,» S e p t e m b e r a , 1 S 9 3 .

Tbs- market for staple cotton* ha* again shown extraordin­
ary strength during the past week, to face of a demand which
hal* been See* per*isD-tU and smaller in volume than the pre­
ceding week. The holiday on Monday last had some share in
producing quieter conditions, but probably the most affective
factor has I•••an the Increased difficulty winch buyer* find in
doing basinets for either immediate or future delivery. Ac­
cording to the general tenor of reports made by softer* the
staple good* market has rarely been in such a condition os at
present. Unsold supplies are little better than nominal. Proauctio 1 for this month and next, at least, largely * .id ahead,
and raw material 1* advancing out of all proportion to the
rise in cotton goods. Mills short of rotten, and with existing
contravl* at prices ranch below the current bases, are in * very
trying posilton. Some have withdrawn their good* for the
present, *» far a* taking further orders for future delivery is
concerned, and if reports from the Smith are correct a number
of manufacturer-, will Sod it difficult to keep running until the
nearby supplies of cotton ate available fur 0 # . In other di■mellon* cotton fabric* have shown no material alteration on the
week, In the woolen goods department* dnlaeaa has been the
prevailing feature in meu'e-wear goods. dre«* good* selling
fairly well. A good jobbing business has again been reported
here and elsewhere,
Woombt Goot** —There is little new to report this week of
tsaaVwear woolen* and worsteds. The demand has been slow
and individual order* generally small for both staple lines and
fancies. low-grade cheviots and estwimeres are generally well
sold and steady in price, but the market for medium qualities
is still irregular and in favor of buyer*, with the general con­
ditions very unsatisfactory. Staple and fine worsteds ansteady. 1 here baa been a doll trade in satinets and cotton
warp cswhaeres, without material change in prices. Cloak­
ings ate mlii' g relatively well in both staple and fancy varieties, but nv«t*>'.stings are dull and festnrules* Flannels very
Ann, with fair re-orders; blankets and carpets quiet, but prices
well maintained. In J i m good* staples are doing b tter com­
paratively than fancies, but prices of both are firm in reputa­
ble makes.
Domestic Cotton- Goods.—The exports of cotton good*
f r o m this port for the wee* ending September 3 were 3,225
. packages, valued at '141.303, their destination being to the
prints specified in the table below:

New York TO Sept. 2.
Sreat Britain— ..............
Other European................
India...............................
Arabia............ ..............—
Africa
West Indies------------- ...
itexleo............................
Central America,..............
South America................
Other Countries.......... .....
Total..........................
China, via Vancouver*,...
Total..... ....................

1894.

1895.
Week.
240
14
100
iff!
319
23
163
2,143
92
3,225
3,225

Since Jan.

3.61S
1.908
38.421
3.693
16,052
6,117
11,83*
1,963
7,818
41.170
5,262
137,95*
16,975
154,931

1.

Week. Since Jan.

51
54
656
"67
286
75
383
650
58
2,285
2.285

1.

4.20S
2,236
68,266
5,549
15,126
5,190
12.170
1,387
5.954
32.919
2,531
153,536
18,388
171,924

• F ro m M ew E n g la n d m ill p o in ts d ir e c t.

The value of the New York exports for the year has
oe-rn 86,188,424 in 1893 against 87,997.974 in 1894.
Brown sheetings and drills may b» quoted %<t to %c. up on
the week in many directions, alt hough the quoted ad ranees
have again b-en few in number. Sillers are iusorai instances
putting prices up to stave off orders more than iu tin hope of
realizing the advances at the moment Other sellers have
withd'awn lines entirely for the time being Brown and col­
ored ducks and brown ->*aabtirg* are also moving Against buy­
ers. The demand for bleached cottons, white not large, is suf­
ficient i" keep the market well cleaned up in all popular makes,
and prices are hardening. Low-grade b>* shed and kid-ttnWhed
cambrics are supported by the strength of the print cloth tn irket. Wile sheetings are .>coasionalty lc. 11 2J§c. per yard
dearer, bnt not moving readily. No change in cotton llinnels
or blankets. Denim* have advanced all round Me, to Ms. per
yard, owing more to the higher price of cotton than extended
demand. Advances of 4c. are also occasionally reported in
cheviots, plaids, stripes and eottoaades. Fancy calicoes are
selling well. Stocks are light and prices very firm. Wide spec­
ialties also in request, and statiue* advanced 5 par cent in soma
makes. Gingham® slow in drew styles and irregular in prices
in grades over 4c. Staple* firm but quiet. Print cloths have
been in request at 3 l-l Kc. for contract*, with sellers indifferent.
Wide goods strong and l-ltls. to % n. higher on the week.
1893.
1894.
1895.
Sept. 2.
Sept. 1 .
A tm M .
giaek of P r in t PlatAs—
173,000
1 7 9 .0 0 0
*. 10&OOO
At Providence, 84 square*
361,000)
.. 18.000
At Full River, 64 squares..
186,000 5 480,000
At Fall River, odd *)*«*....
653.000
726.000
Total Meek 1p»*®e»l-...
Fobeiok Dki GmiiA*.—There ha* b—n a fair reorder business
in fall lines of .Ire** good*, silk* and ribbon*, with orders for
next spring more noticeable. Linen* are steady, with fair sales,
as are hosiery and anderw-ar. Laces dull throughout.
Im p o rta tio n * a n d

W a re h o u s e W ith d r a w a l* o f D ry W ood*

The importation* an,) warehouse withdrawal-; of drygoods
at this port for the week ending September 5, and since
January l,
and for the corresponding periods of la *t
year are as follow*:

THE CHRONICLE.

488
State* awp
TERM S

C ity
OF

pEfAfrTMENT.

S U B S C R IP T IO N .

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without extra charge to every annual subscriber of the
Commercial and F inancial Chronicle.
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be furnished without extra charge to every subscriber
of the Chronicle.
T he Quotation Supplement, issued monthly, will
also be furnished without extrajharge to every sub­
scriber of the Chronicle .
TERMS for the Chronicle with the four Supple­
ments above named are Ten Dollars within the United
States and Twelve Dollars in Europe, whien in both
cases includes postage.
Terms of Advertising—(Per inch space.)
O n e t i m e — ..............
. . . . . $ 3 5 0 | T n r e e M o n th s (1 3 t i m e s ) . . $ 2 5 0 0
O a e M o n th
(4 t i m e s ) .. I I 0 0 S ix M o n th s
(2 6 t i m e s ) . . 4 3 0 0
T w o M o n th s
(8 t i m e s ) . . 1 8 0 0 I T w e lv e M o n th s (5 2 t i m e s ) . . 5 8 0 0
fT h e a b o v e t e r m s f o r o n e m o n t h a n d a p w a r d a r e f o r s t a n d i n g c a r d s . )

T h e purpose ol this State and City Departm ent
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C it y S u p p l e m e n t , In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e and C i t y S u p p l e m e n t to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.

B ond Proposals and Negotiations.—We have rtseived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale,

Altoona, Pa.—Proposals will be received until September
10, 1895, by John A. Canan. Chairman of Finance Committee,
for the purchase of $280,090 of 4 per c-nt improvement bonds.
The securities will be dated July 1, 1895, and interest will be
payable semi-annually in gold coin on January 1 and July 1.
Avon, N. Y.—Proposals will be received until September 9
for the purchase of $10,000 of bonds. The securities will bear
interest at the rate of 4 per cent and will run 20 years.
Bay City, Mich.—Four per cent water-works bonds to the
amount of $20,000 have been authorized.
Bayfield County, Wis.—An election will soon be held t
vote on issuing $240,000 of bonds in aid of the Wash bur;
Bayfield & Iron River Railroad.
Bond Hill, Ohio—Proposals will be received until Septem­
ber 23, 1895, by W. H. Brickel, Jr., village clerk, for the purchase of $17,000 of 5 per cent water bonds. The securities
will be dated September 1, 1895, iuterest will be payable
iQ9 n’annUally and tlie PrinciPal will mature September 1,
Bowie, Texas.—It is reported that this city will issue watei
works bonds to the amount of $9,000,
Bristol County. Mass—Proposals will be received unt
September 5, 1>95, bv Edward Mott, Chairman of the Count
Commissioners, for the purchase of a 4 per cent note for $15,001
dated September 6,1895, and payable in three years, and a 4 ne
cent note for $10,000, dated September 6, 1895, and payable i
four years. Interest on both loans is payable semi-annually.
Charleston, W. Va.—Proposals will be received until Set
tember 26, 1895, by the Finance Committee of the Commo
Council, for the purchase of $25,000 of 6 per cent hospits
bonds. The securities will be dated September 26, 1895 ir
terest will be payable annually, and the principal will matur
m 20 years, both principal and interest to be payable at th
Chase National Bank, New York.

[VOL. LX I.

The city’s bonded debt, including this issue, wdl be $126,000; floating debt (estimated), §11,000; cash on hand, $14,846 The assessed valuation for 1891 was $3,950,680; esti­
mated actual value, $12,000,000. The estimated population is
15,000.
Cohoes, N. Y.—On September 3, 1895, the city of Cohoes
sold at public auction $70,000 of 4 per cent bonds to Messrs.
Roberts Brothers, of New York, at 109 661-16. Representa­
tives from twenty banking houses were present. The secur­
ities are dated September 3, 1895, interest will be payable an­
nually on December 15 at the Central Trust Company of New
YTork, and the principal will mature at the rate of $5,OuOyearly
from December 15, 1915, to December 15, 1928.'
Colorado Springs, Colo.—A call has been made for the
payment of water-works extension bonds of Colorado Springs
numbered from 81 to 105, inclusive. The securities are
dated January 1, 1881, and mature January 1, 1896, with an
option of call after January 1, 1893.
A call has also been made for the payment of water-works
refunding bonds numbered from 17 to 40, inclusive. These
bonds are dated July 15,1886, and optional after July 15,1891All of the above-mentioned securities will be paid upon
presentation at the Chemical Bank of New York, the First
National Bank of Colorado Springs, or at the office^ of the
City Treasurer. Interest will cease September 15, 1895.
Columbns, Ind —This city will issue $15,000 of bonds for
water-works extensions.
Cnnpersville, Mich.—A vote recently taken on issuing
$9,500 of water-works bonds resulted in the defeat of the propo­
sition.
Denver, C il.—Proposals will be received until September
9, 1895, by the Board of Public Works of the City of Denver
for the purchase of $2,000 of Downing Avenue Sanitary Sewer
District No. 4 bonds. The securities are dated August 1, 1895,
bear interest at the rate of 6 per cent, and are payable on or
before August 1, 1903.
Duluth, Minn—It is reported that a vote will betaken
September 24 on issuing $1,856,000 of bonds for the construc­
tion or purchase of water-works. If it is decided to pur­
chase the works, additional bonds to the amount of $850,000will be issued for improvements and extensions.
Eaton Rapids, Mich.—Electric-light bondsof Eaton Rapids,
to the amount of $8,000 were vo’ed August 19. A vote was
also taken at the same time on issuing $27,000 of water-works
bonds, but this proposition was defeated.
Elmira, N. Y.—Proposals will be received until September
9, 1895, by Frederick Collin. Mayor, for the purchase of $190,000 of coupon or registered bridge and city hall bonds. In­
terest at ‘'the lowest rate” will be payable semi-annually and
the principal will mature at the rate of $30,000 each year
from 1923 to 1927, inclusive, and $10,000 in 1928.
Evanston. Ohio.—Proposals will be received until October
5, 1895, by William H. Krapp, Village Clerk, for the pur­
chase of two $500 6 per cent light bonds. The securities will
be dated October 1, 1895, iuterest will be payable semi­
annually, and the principal will mature in 10 years, both
principal and interest to be payable at the Atlas National
Bank, Cincinnati, O.
Farley, Iowa.—The people of Farley have voted in favor
of constructing water-works at an estimated cost of $7,009,
for which amount bonds will probably be issued.
Far Roekaway, N. Y.—The citizens of Far R'-ckaway will
vote September 9 on constructing a sewer estimated to cost
$75,000, for which bonds are proposed. Should the proposi­
tion carry, §40,000 of the amount will be issued at first.
The bonded debt of tne village is at present $16,000, pay­
able at the rate of $4,000 yearly from September 7, 1895, to
September 7, 1898; floating debt, $1,422 50.
Fern Bank, Ohio—Proposals will be received until Sep­
tember 13, 1895, by Horace W. Woodruff, village clerk, for
the purchase of $645 39 of 5 per cent Locust Row sidewalk
bonds. The securities are dated July 29, 1895, interest will
be payable annually, and the principal will mature at the rate
of $64 53 yearly in from one to nine years and $64 62 in ten
years from date.
Franklin, Ky.—Water-works bonds of Franklin to the
amount of $22,000 have been voted,
Grant City, Mo.—The people of this municipality have
voted to construct water-works, for which purpose bonds will
probably be issued.
I ronton, Ohio.—On August 27, 1895, the city of Ironton
sold $30,000 of 5 per cent, street imorovement refunding
bonds to W. J. Hayes & Sons for $82,775. The securities
are dated September 1, 1895, interest will be payable semi­
annually in New York and the principal will mature iu 20
years. Fourteen bids were received for the loan as follows:
A m o u n t bid.
W . J . I l a y e s & S o n s , C le v e la n d , O ............................................................. $ 3 3 ,7 7 5
B l a i r & C o ., N e w Y o r k ....................................................................................... 3 2 ,1 3 0
P a r s o n , L e a c li & C o ., C h ic a g o ........................................................................ 3 1 ,9 8 9
M a s o n . L e w is & C o ., C h ic a g o ..................................... ............................. . 3 1 ,8 0 0
D e it z , O o n n iso D & P r i o r , C le v e la n d , O ............................ ...................... 3 1 ,5 7 9
S e a s o n g o u d & M a y e r, C i n c i n n a t i , O ........................................................... 3 1 ,5 0 7

439

THE CHRONICLE.

September ?, 1895,j

Mount Sterling, Ohio.—On September 2, 1895, the village of
Mount Sterling sold $10,000 of 6 per cent water-works bonds
..... 30,963 iand $6,000 of 6 per cent electric-light bonds toW. J. Hayes &
..... 30,900 Sons fora premium of $1,200. The securities are dated Septem..... 30,600 j her 2,1895, interest will be payable semi-annually on March 1
..... 30,1 >2 •and September 1, the water-works bonds to mature at the rate
..... 30,075
--- 30.000 •if $500 yearly from September 1,1900, to September 1, 1909, and
S e c o n d N a t i o n a l B a n k . I r u a t o n ...................
at the rate of $500 semi-annually from March 1. 1910, to
Kings County. V T.—It is reported that bonds to the then
September 1, 1914, and the eleetrie-light bonds at the rate of
amount of $600,000 have been authorized by the Board of Sup­ | $500
annually from September 1, 1903, to September 1,1914.
ervisors,
Fourteen bids were received for the loans as fo lows:
Prem ium .
La wren e County, Ind.—It Is reported that thia county has
W. I*ue*rreet a Co................................... $102.87 and int.
sold $10,000 of funding bonds to N, W. Harris & Co. The loan James
First
National
Bank.
Niles,
Ohio,
for
water-works
bears interest at the rale of 5 per cent and runs 20 years.
1 7 0 .0 0
hoods ..................
National Bank, Niles. Ohio, for electric-light
LawreiH-t-ville, Ills.—The people of this city have voted in i First
bonds................................-............................ 104.00
favor of water-works, for which bonds will probably be issued. SI. H. Dodge, Cleveland........... ........................... 375.00 and int,
E. D. Sheppard A.Co.........................-................. 9 7 9 .0 0 a n d in t .
Lo: a I n, Ohio.—George Hall, Village Recorder, reports to N. IV. Harris ACo., for Writer works bonds............. 751.00
N
ACo., for electric light bonds............ 540.00
the Che- N! : le that bids received on August 31for the purchase . Vi. HarrisInv.
Co., Denver, Col., for water-works
of $23,000 of Black River improvement t» ,uds and $25,000 of Commercial
hoods.......................... —................... -............ 081.00
water-work- extension bonds were all rejected, and that the ) Commercial
Inv. Co., Denver, Ool., tor eleetrie-light
540.00
securities will be re-advertised. The improvement bonds are nonOa.........— ------------- ......---- ------- —
A Mayer.... ....................... „........... 881.00
dated September 15,1694, and mat are at the rate a t $5,000 each Seasonsood
375.-X
1
Dennison A Prior ......................................
year, commencing September 15,1924, and the water-works ex­ Diet*.
v. c, Spaulding A Co., Cleveland.......................... 6O4.50
648.00
tension bunds are dated August 24, 1895, and mature August s'arson. Le.iah * Co...........................................
If.nloiph Ki.-yi-.-Uo A- Co...................................... 10X90 and int.
24,1SU5. Interest on both loans at the rate of 5 per cent is W
. J. II
,t Sons ..................................-......... 1,2 0 0 .0 0
payable semi-annually. The bonds are payable at the Chase 'purer
ACo....................................................... 170-50 and int,
National Bank, New York.
548-65
1The Lamprecht Bros. Co......................................
Mount Vernon. N. ¥.—On September 3, 1*95. the oity of
Marsh Held, Ore.—School bonds to the amount of $15,000
Mount Vernon s--ld $30,000 of 5 per cent tax relief bonds dated
have recently been .sold.
September 1, 1895, and payable September 1, 1S98, to Means.
Klnneiipalig, Minn. —Proposals will be received until Sept. Benwell & Everitt. of New York, at 103-73, and $50,000 of 4
24. 1665. by Charles F. Haney. City Clerk, for the purchase <>f per cent highway improvement bonds dated February 1, 1895,
$100,000 Of 4 per cent city bonds. The securities are to be and payable at the rate of $10,000 yearly from February 1,
dated July 1, 1893, interest will be payable semi annually 1932, to February 1,1936, to Messrs. Roberts & Co. of New
and the principal will mature July 1, 1923. Both principal York, at 110-01. Interest on the securities is payable semi­
and interest will be payable at the State Fiscal Agency, New annually, both prufeipal and interest to be payable at the
York Bidders must satisfy themselves as to the legality of office of the City Treasurer. The tax relief bonds will be de
the issue before bidding and the successful bidder must take iivered to the purchasers September 16 1893, and the high­
the bonds within three Jays from the confirmation of the way improvement bond) September 10, 1895. A list of the
bids received for the loans is as follows:
award by the City Council.
Am ount bid,

..... ¥31,350

Rndnlpti Kl«rle)l« A Co., Ctacinuati, O
Lamprerlit Broa. Co., Cleveland, O .......
F. M McKay. Chicago ...................... .
C. B. White A Co., New York .............
S. a. Kean, Chicago...........................
J. IV. Loogstrcc-t A Co., Boston..........
Finn National Bank, lrontoa.........

NEW

........

L O A NS._____

3 1 .3 5 1

N tW

N E W LOANS.

LOANS

MUNICIPAL

IN V E S T M E N T B j N D S.

M U N IC IPAL
FO R

B O N D

BONDS

IN V E S T M E N T .

m m e u k ) ir o n

a ppl ic a tio n

$50,00(1 ( it) nr Sew tun. Mil-Is
SEPTEMBER
WMWO City nf Haverhill. Mn-s Is
NOW HEADY.
l#,000 Heunepin County, Minn „4*a*
iO.tHiy Wilmington. N.
Hold ..3s
N. W . H A R R I S & C O .
Od.iMlO Astoria. Ore-run, bold
,5s
BANKEH8.
20,000 Ballard (Seattle) Gold
13 " A t.I . h T U K K T ,
NE W Y O R K .

E, C .
STO CK K C H A N O W * ,

Investm ent

Bonds

von

&

Co ,

J*» ST A T E MTRKKT, BONTON.

3 HANNAH NT.. HEW YORK.

SENT

* PON

i f t U

t I T io k .

MEMBERS OF BOSTON AND NEW YORK
STOfli Exi IIANOE.

R. L. D A Y & CO.,

M U N IC IPA L

V* WATKK STREET,

7

BOSTON,
STREET. XfcW fOHK.

BONDS.
la m e s N . B ro w n & C o .,
J

* 4 W A 1 ,1 . N T K E K T .

W .

J.

.

NEW Y O R K ,

H a y e s Sc S o n s ,
R A N K K its ,

1 * 1 ra te r* . T r u .t

F u n d * a n d S a v in * .
I tn n k * .

ruH s a l * j»r

Rudolph Kleybolte & Co.1

New York Savings Banks
and Trustees.
DINT

S tre e t, W y k e s & C o .,

M u n ic ip a l, C o u n ty a n d S ta te B o n d s
P ar

D E A D E R * IN C O M B R ftC lA i, P A P 3 8 .

B ro th e rs

BONDS.

S ta n w o o d & C o ,

12* D evonshire S tre e t,
B O STO N .

N W tK K R S O F T IIM N EW T O R E A N D aoBTOV

B la k e

L I S T
E>H

IN V E S T M E N T B A N K K K H ,

CINCINNATI, O.
t* e » e rlp tl* e M a t . R o l l e d o n A p p lic a tio n

W H A N E & S C H L E S I N G E it.
BANKERS,

M U N I C I P A L BONDS. ;
•3 W a i l S t r e e t . N e w Y o r k ,

BANKHB8 .

H i C ed a r-street.
•
NEW Y O R K .
Me v i c t PAD. COtVSTY. SCHOOL AND
TOWNSHIP BONDS

BOUGHT

AND S OLO.

VltiMICIPAl. AND UAH.ROAD

BONDS

W . N . C o le r & C o .,
B A N K E R S .

And a i t I.aral Necariiirs Bouabl a n d -nld.
Oeafersin MUNICIPAL BONDS,
NEW
YORK, BROOKLYN AND JER. M U N I C I P A L
«'-«*' t a » « Bonds, and other h u b grad# inSEr CITY BONDS A SPECIALTY.
BOSTON. MASSE,
.jre b a m re P IM A

C lev ela n d , Ohl>.
3 1 1 -3 1 3 S s p e rio r St

osm*,t itr.» ■ scr.'iSfn h :

W. E. R, SMITH,

l« BROAD «TKKF,T,

-

NEW YORK,

BO ND S.

34 N A S S A U S T R E E T

THE CHRONICLE.

440

Hid f o r
Highw ay
Bonds.

B id j o r
Tax B e lie f
Bonds.

103-73
,103 k.
.103-37
102-69
.102-25
.103-37

B tuiw i-H <te E v o r i t t , N e w Y o r k .........
W . E . R , S m it h , N e w Y o r k ..............
D a n ie l A, M o ro n & C o ., N o w Y o rk .
S t r e e t , W r ite s & C o., N e w Y o r k —
E . C. J o n e s C o ., N o w Y o r k ..............
R o b e r t s & C o ., N o w Y o r k .................

110 -11
110

108-579
105-055
107-26
110 -0 1

102-80

B a n k o f M o u n t V e rn o n

10378
105106108-05
107
107- 09
107-10
102-89*
.105-32
..102-72
North Olean, N. T,—This village will sell at auction Sep­
tember 19, 1895, 820,000 of 4 per cent water-works bonds.
The securities will be dated October 1, 1895, interest will be
payable annually at the Exchange Bank, Olean, and the prin­
cipal will mature at the rate of $1,000 yearly from October 1,
1890, to October 1, 1915.
The village has at present no debt of any kind. Its assessed
valuation for 1894 was 8775,000; real valuation about 83,000,000.
The population at present, according to local figures, is 1,400.
Oxford, Ohio.—A vote taken August 26 on Issuing $85,000
of water-works bonds resulted in favor of the proposition by
a vote of 868 to 38. The bonds will bear interest at the rate
of 4 per cent, payable semi-annually, and will mature at the
rate of $1,000 yearly, commencing SO years from date.
Pueblo County School District No. 1. Col.—Proposals
will be received until October 10, 1895, by John C. Latsliaw,
Secretary of Board of Education, for the purchase of $176,000
of
per cent refunding bonds. The securities will run 20
years, with an option of call after 10 years.
Rankin, Pa.—An election held August 27 to vote on issu­
ing $50,000 of sewer bonds resulted in the defeat of the prop­
osition by a vote of 60 to 50.
Rockland County, N. Y.—It is reported that this county has
sold $10,000 of 5 per cent bonds maturing March 1,1902,
W h a io i & S olilosinK C r, N e w Y o r k ............ ..

N. W. Harris AGo.'. New York..............

F a r e o n , jLem-U A C o ., N e w Y o r k ................ ..
S to r r e Or S m it h , N e w Y o rk . . . ....................
H e r m a n A m . I n v e s t m e n t C o., N e w Y 'o rk
K . J„ B a y & C o ., N o w Y o r k .......... ....................
G e o r g a M . H a lm , N e w Y o r k ............................
E . D . S h e p p a r d & C o., N e w Y o r k ..................

, 1 0 2 78

102-97
.103 50

$ 2 0 0 ,0 0 0
OH IO ,

P e r C e n t M u n ic ip a l B o n d s .

S I 0 0 .0 0 0 fo r T run k S e w e r ,
S 6 0 ,0 0 0 fo r W a te r W ork s,
§ 4 0 ,0 0 0 lo r F ir e D ep artm en t.
Brea! V a lu a tio n ...................... $ 1 2 0 ,0 0 0 ,0 0 0
A ssessed V a lu a tio n ...............
5 9 ,9 3 0 ,0 0 0
T o ta l D e b t ...........................
7 ,5 4 3 ,5 0 0
Xiess Sinking: F un d , W a te r
D ebt and C a s h .............
2 , 5'25,341
Net D e b t.......... ..........

CHICAGO.

$ 2 5 0 ,0 0 0

W E OW N AND O F F E R

5

Savannah, (la.—Bonds to the amountof $500,000 have been
recommended for public improvements.
Shawnee Connty, Kan.—Four per cent Court-House bonds
of Shawnee County, to the amount of $25,000, have been sold.
The securities are payable in 1924.
Turtle Creek, Pa.—On August 30, 1895, this borough sold
$50,000 of 4 % per cent coupon bonds to the Lampreeht Bros.
Company of Cleveland for $50,537 50. Three other bids were
received from Pittsburg firms as follows: W. R. Thompson &
Co.,
9 $50,27-5; Robinson Bros., $50,111; William B, Bell & Co,,.
$50,000.
44.
West Cape May, N. ,1.—William G, Blattner, Borough
Clerk, reports to the Chronicle that an election recently held
on issuing $18,000 of improvement bonds resulted in the de­
feat of the proposition by a majority of 18 votes.
Willimantic, Conn.—Proposals will be received until Sept.
19, 1895, by George M. H-irrington, Mayor, for the purchase of
$100,000 of 4 per cent coupon bonds. The securities will be
dated October 1. 1895, interest will be payable semi-annually
on April 1 and October 1, and the principal will mature Octo­
ber 1, 1925, with an option of call after October 1, 1910,
WInton Place, Ohio.—Proposals will be received until
September 80, 1895, by R B Poage, Village Clerk, for thepurchase of $12,000 of 5 per cent town hall refunding bonds.
The securities will be dated October 2, 1895, interest will be
payable semi-annually and the principal will mature in 30
years with an option of call after 20 years, both principal and
interest to be payable at the Fifth National Bank, Cincinnati, O.
Youngstown, Ohio.—Proposals will be received until Sept.
23, 1895, by J. Howard Edwards, City Clerk, for the purchase
of $5,000 of 5 per cent sidewalk bonds. Interest will be payable
semi-annually and the principal will mature at the rate of
81,000 yearly from Sept. 1, 1897, to Sept. 1, 1901, both prin­
cipal and interest to be payable at the office of the City Treas­
urer. Purchasers must be prepared to take the bonds not
later than Sept. 25, 1895.
Zanesville, Ohio.—Five per cent street paving bonds of
Zanesville to the amount of 87,600 were sold on August 81 to
Farson, Leach & Co. for a premium of $95.

FINANCIAL,

NEW LOANS

COLUM BUS,

|Vol. LXI.

5,018,159

P o p u la tio n , 1 0 0 ,0 0 0 .
T h e C ity o f C olum bus ow ns its ow n W a te rw o rk s *
b u il t a t a cost o f 12,250,532; to t a l n e t e a rn in g s 1894’
*83,740.

L oeb

&

G a tz e rt,

MORTGAGE BANKERS,

R a p id T r a n s it F e r r y Co.

125 I i A iS A ila E S T R E E T , C H I C A G O
(N ew Y o rk -S ta te n Islan d )

5 P er Cent First Mortgage Gold Bonds
I n te r e s t P a y a b le M ay and N ovem ber.
8 5 0 ,0 0 0

p a y a b le J a n u a r y , 1 8 9 7 , 1 8 9 8 ,
1 8 9 9 ,1 9 0 0 , 1 9 0 1 .

C A P IT A L STOCK,
*1,000,000
BO N D ED D E B T ,
650,000
A N N U A L IN T E R E S T C H A R G E S , 32,500
1892.
1893.
1894, ■
N e t :eamings-.*102,088 28
*91,247 51
*128,072 20

F ir s t M o rtg ag e s f o r s a le in la rg e a n d sm a ll a m o u n ts
n e ttin g in v e s to rs 6, b)4 a n d 6 p e r c e n t, s e c u re d by
im proved a n d in c o m e-b ea rin g C hicago c ity p r o p e r ty .

P r in c ip a l and I n t e r e s t p a y a b le in G old.
C O R R E S P O N D E N C E S O L IC IT E D .
A. O. S L A U G H T E R , M em b e r N . Y„ S to c k E x c h a n g e
W M . Y . B A K E R , M em b e r C hicago S to ck E x c h a n g e

A. O.

S l a u g h t e r & C o .,,
BANKERS,

P rice to n e t 4M p er cen t.
S p ecia l C ircu lar on A p p lic a tio n .

1 1 5 - 1 1 7 1.A S A I.I.E S T R E E T ,
C H IC A G O , IL L S .

September Descriptive Bond List
W ill be m a ile d on a p p lication .

C.

H .

W h ite

&

C o .,

BANKERS,

W .

J.

H ayes

C L E V E L A N D ,

&

S ons,

72

B R O A D W A Y , N E W

D n

Y O R K .

O H IO ,

N ew

BO STON, M A SS.

M unicipal

C h icago S e c u r itie s B o u g h t a n d S o ld .

L oans

W e m a k e a sp e c ia lty of H igh-C lass
s u ita b le f o r p e rm a n e n t in v e stm e n t.
I D e s c rip tiv e lis t o n ap p licatio n .

S e c u ritie s

$200,000 San Antonio, Tex., gold...6a
100.000 City of Paterson, N. J —
COMMERCIAL

200.000 City of Des Moines, l a . ... .4s

F arso n , L e a c h &
C H IC A G O .

J a m ie s o n

C o .,

im

TEX A S.
I n t e r e s t 7 F o r C e n t N e t.

FRA NCIS S M IT H

&.

C©„

________ SAN ANTONIO, T E X A S ,

W A U

STREET,

NEW

' - ■.

fc CO.. S ea ttle. W ash.

YORK.

E s t a b lis h e d 1 8 6 5 .
.
Allow in te r e s t on d e p o sits s u b je c t t o s ig h t ebook.
sel* on com m issio n sto ck s a n d b o n d s e ith e r
ro r cash o r on m argin, a n d d e a l in
m km bbrs o f m w y o b k

H
H. J. Morse,

stock b x c h a n g e

OHAS, d . m a r v im ,
. m . K id der .

w

D E A R B O R N iS T E E E f,
C h ic a g o , i l l s .

P r iv a t e w ire to N ew Y o rk a n d P h ila d e lp h ia .

BANKERS,
18

Investment Securities.

J*»-

C o .,

M em bers New Y o rk a n d C hicago S to ck E x c h

IN

COMMISSIONS c h a rg e d b o rro w er o r le n d e r
u n til lo an s h av e ,p ro v e n good.

&

STOCKS—BONUS,

2 W A U U S T ., IV. Y .

LO A N S

PAPER

154 La Salle St., Chicago, 111.

F u ll p a r tic u la r s o f th e a b o v e and l is t ol
o th e r bonds offered on a p p lica tio n .

10 W a ll S tre e t, N ew Y ork.

NO

C o .,

(INCORPORATED)

SPRAIN, DICKINSON & CO., Bankers,

M O R TG A G E

YIELDING AN ' £N03 VII o f

A . G . B ecker &

C IT Y , C O U N TY A N D S T A T E

BO ND S,
RAYING HIGH RATES of INTEREST

C

4% to 6%
CITY, M A S O N , L E W IS & C O . B a n k e r *
CO U N T Y
171 LASALLE STREET,
SCH O O L SEND FOB LISTS.
CHICAGO

FOR S E P T E M B E R .

H ig h -G ra d e

M n

BONDS

I.

B.

T h u rm a n

&

C o .,

BANKERS,
S23 O T O N A B N O C K , C H IC A G O , I L L .

H ig h e s t G i'a d e M u n ic ip a l a n d R a i l w a y R? B o u g h t a n d S o ld .

THE CHRONICLE.

September 7, 1S95.]

S T A T E A N D C IT Y D E B T C H A N G E S .
We subjoin reports as to municipal debts received since
le last publication of our State asp City Supplement
le of these reports are wholly new and others cover items
f information additional to those given iu the S upplement
id of interest to investors.
Adams County, Wash.—O, R. Holcomb, Abstractor. Fol­
d in g is a statement of the indebtedness of Adams County,
’hich has been corrected to July 1, 1895.
County seat is Ritzville.
LOANS—
When Due. Net debt Julv 1.1895 -- #20,744
Tax valuation 1894. .. . 1,1:117.820
C o c k ’. Btotss B »x »s — 1892.
*.___ #10 .0 0 0 ....Mar, 1,1912 Aversive tax (per $1,000) 20-40
Soatinsdfbt.......................
$7,130 Population In 1890 was......2,098
osai ■!. -.? July 1, 1895.. 27.130 Population iu 1895 (est.!.....3.500
ash on hand...............
8,380 \
Asotin County, Wash.—D. T. Welch, Auditor, A state­
ment of the indebtedness etc., of Asotin County on July 1,
395. is aa follows.

441

Harrisbnrg, Fa.—Maurice C. Ely, Mayor. This statement
regarding the financial condition of the city of Harrisburg
has been corrected to April 1, 1895, by means of a special re­
port to the Chronicle from Charles A, Miller, Clerk.
Harrisburg, the capital of the State, is situated in Dauphin
County.
--- ---- P ri ncipal. ------- —v
Inter est
LOANS0 ttIsland'g.
When Due,
NAME AND PURPOSE, B ate Payable,
$110,700
Jan. 1, 1896
Water bonds......... 6 J & J
« .r & J
July 1, 1903
100,900
do
6 .T * J
Jan. 1. 1904
91,500
7,600
July 1. 1904
IS
:::::::: (> .1 & .1
4 J &J
Jan. 1. 1913
130,500
do
........
22,600
Jan. 1. 1914
do
...........
4 .1 & •T
265,400
4 J ifc .1
Jan. 1. 1915
do
28,800
July 1. 1897
6 J « J
City bonds....................
6,500
Jan. 1. 1893
dO
« J A .1
14,900
Jnn. 1. 1903
do ............ fi J ll* J
10,000
Jnly 1, 1904
6 .1 ,fe J
do
32.800
Jan. 1. 1898
d.0......... . r. .1 A- J
30,700
Jan. 1, 1899
J &J
«IO
..a * .,,,,. 5
12.900
5 J A J
July 1, 1900
do
60,000
Jan. 1. 1901
4
.1 A .1
65,000
do
J
July
1,
1920
J
A
4
T A X F R E E — AM bonds are exempt from taxation.
IN T E R E S T

C o u n ty seat ia Asotin.

Is payable by the Western National Bank of Philadel­

#1.950 phia.
LOANSisAm One. Cash on hand............
Set debt July 1,1 8 9 3 .... 30.978
T O T A L D E B T .— The c)tv§ net debt on A pril 1.1895. was 3990,800;
*, #35,000 ...................20 year- Tux valuation 1894----------------567,84* In 1892 it was #1,020.031: in 1991 ft w..« $1,032,837; iu 1890 It was
Population in 1890 was,,. 1.580 ; 30711.401.
ended debt. July l.t*».#2voo Population
1395 (essm’tdl 3,000
Jo sttet debt........... .— .. 13,828
The sinking fund receive* yearly appropriations sufficient to pay in­
dial debt...................... 33,82-s
terest on tin- city’s debt and S per cent of the principal.
C I T Y PROPERTY.—
tit " city own- a water works and other avail
Kittitas County, Wash.—Below ia a statement of the abb
amonttUng to about $i,tuft.000.
nance* of Kittitas County, which has been corrected to July
ASSESSED V A L U A T IO N .— The city- assessed valuation and tax
, 1895, by means of the annual report of J. 34. Baird, County .rate have been- as follows :
Tola) 1 « « » 4
Rateof Tax
Uiditor.
Tear t.
Valuation.
per #1.000.
1ip i ........................................................................... ..
$22,500,00'>
818-883County seat is EUenaburg.
l «-.*•- ..................................................................................... 20.412,135
......
-----------LOANSw n m r.n,t. Total <M*t July l. ?»».’. s2 «u.r,;.. I S . ' I ....................................................................................... 21,390.2 40
Cash ia treasury..............
1
C«>f>Tr ls..si* * ~ 169».
leso ........................................... -i ...................................
US* 1.629
............
Net deht July 1. !*rt)3.. I>*0 .0 1 0 The city"* tax rate tot 18951*$«V2.*> per $1,000.
1............881,000.................................1913
rax valuation 1 3 8 4 ..... i.onu -21
Sntyefvttn Mil after 1905
Total tit* Iper ftJBOOl.
18-75 P O P U L A T I O N — In 1~*' population was 39.395; In 1830 it was
sos— 1892.
Population la l-nOwa* ... . .9,777 30,7<i2; is 1870 Hwm 23.101. The population at present, according
a ann..#78.i8io .....M u r, 1, 1913
8oi»jeot t» «»iiAfter stars i, ioob Population In 1893 toat.i----0,000 .. local estimate, 1* over 54,000.
Pustnrsu Bo s k s —

1

0 . 9 , E L L IS .

3,

S.

E liW IN 11. E L I.IS.

ELLIS

&

SO N ,

56 IV ILL ST., NEW YORK,
P U B L IC A C C O U N T A N T S
A.YU I t HI THUS.
Mr. 0„ S. WXtim, 1#t m m with the Cteetim) T rm i Gee

el Sfew Tori.)
Aperts Sent to any part of the United
States and Canada.
Audit and *«w b « Alwuunt*a t todtvina*!*. Re-

CemmttUbm. Amtgnm*. K secuU ir* * n 4 Ow*
»r*U on.$. N tgotU l* unlintn! ife w itU M , Umn*. A c

Jo s, O . O sgood,
4

C e e a a llta c K nctaeer

Am. 8 * . C. t

Report*
on lnraetueat Preperttra for Bankov
InT*wtfr».

pnBMa— rlimiW tn rew ard to phyU eal is m ltite n an d
h a r r i e r . o em ln en , taaiw uw m eat. r w h , y * l « , H r .

K a llra a d I.eencien and O n u r i e l t n .

JO BROADWAY,

• * NEW YORK,

G, W , H a s k in s ,
No. * XAMkr 9r«xrr

E . W . S e lls,

C ab le A n d r e w :

b o w d u r a n c e T e ie n a o n a :

-tie cowrikxnT,"

- H c i)x a *n o »,

s . Tu

- NX* Torn.

H a ig h t & F re ese ,
user their •#*«<** to make
Bankers k Commission Stock Brokers,
PERIODICAL ASH 8PKCIAL
EXAMINATION* OF .(C C O IX T 8 AND
43 i n t o %U W A Y , N E W
Y O RK .
RECORDS,
l R Y K S Y I G A T T O S S O F A F F A I R .* * ,
STOCKS, BONDS AMD G R A IN
ane t.. intruO toe
A NO E F F IC IE N T M E T H O D OF AC t Ol NT1N«J.

Bemrb! and Sold at 4.48 OjmmlMSon. ,
-'•acin i e u e n t le a *lveo le en t-ef-tea rn ae

O v er tw e n ty y a r a ex p e rien o e in 'h e o p e r a tic *
A e w ra n u n * a n * rtJBU ielal O e tm r ta w n u o f R ail w a re
an d o th e r c o t > ratio n * . a n d f a r e
l a v e a t l a a t e d a» < l R e v U e d t h e A r r e a n t l o t
M y * te m o f t h e l o l l e d M r a te e t ) e * e r n a i e i . i .

THAN8ACT A 8 KNKRAL BANKING AND STOCK
XL CHANGE BD8INKB8.

MIMPLK

Rituaan Pairs MonaAX.
Ki.ws.fu> H MtmtkX
liwxoirt C. Moaok*

R ic h . P . M o rg a n & S o n s,
R A I L WAV EXPERTS,
D V lIillT .

IL L IN O IS ,

V.

9. A.

Harm* extended experience In the courtruction
W M , F R A N K L I N H A L L IxtMFtEWKit *«'»■ ' to examine and report
u p o n th e e h a r a n e r an.'.
— ™ ' 1—
andHoG#m*srof
b i n i ' W ' i "t R
Kail
a u wr»»Bd at»
*°°K8 A C G O U N T A E IT Ain>n*» •rartTKK
CAt-kcerr..
We have
their 8Arx NxStT tbisfu.
.-apH
oiW
a
and
r» :W
mwntly i
a o f t h e prtncifw i ra u n m d *
«od o p e ra !b o . o f ra ii« » r» , « “ r - » * o a r « w r i « * sa

New fora* <i** «s*d for book* of aeewiwt,

» an d M exieo.

SeUlerurnt. o f fnsnlr*nr hU'ota.

'US OKtm om

FINANCIAL.

MISCELLANEOUS.

MISCELLANEOUS.

BetMimr. M state street B,«.»«*,

H O LM ES

J. C . F . R a n d o l p h , E . M . ,

&

C O .,

te a a n te .

INVESTMENT BONOS.
Aberrant* ot Bank*. Banker* and ledlTidaal*
teanred on favorable term*.
NATIONAL BANK REFERENCES FURNISH BP.
Uptown Ufflce, t m Broadway.

I8S0.

1895. w«s>

The

U n ite d

S ta te s

L ife

In su ra n c e C o.
IN T H E C I T Y O F S E W Y O R K .
T h U o ld a n d p e lla b l# C o m p an y now ha* th e e r p e r te n r e o f fo r ty A re y ear* o f p ra c tic a l L if e liu n r a n c e ,
w hteh ha* tkB trht it t h a t t h e ro w quantm ot »aeeea*

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

ft* are IneontoirtaWa

«1 B ro a d w a y , N ew Y o rk .

Mining Engineer and Metallurgist,
lara of (trade m payment of all premium*. It*
|l.> IIROAD STREET, i i SEW'YORK MEMBERS OF THE S. V. STOCK KXCIfANOB. ten
coer*e dortnp the pact, forty.Sre year* abundantly
SlRftpfrlN and reports on mines, mills, Keeetae AM»a>u* and Depoaile at Plnu. Jntll- demonatratea tt* abaolme *eearlty.

kail treatment of ores. Experienw- in

rld a a l* . e t c . a n d allow i n l e n c t on d ally balance*.

Beyand **ff t>* • » ! , or ,:.,rrr on nunxltf at teweat
*H parts of the world. (Iradnat# of rate*
<4 mien*! ea. the New Vorfc. Phtiadeliilu*,
V. f , School of Wines ISG9, l » t •• A. Ikw ton a n d C h lo u io S tock K xrbanm w , Slock*. B ond*.
Grain.
Cotton, etc.
B. 1 . 4th Edition." arid " Moreing #l»*i
B R A N C H .O FF K T S : H O FTA tA N H O lS R .
■Weal* Wining” Code#,
j

C a b l e %<t<ire»< R H o s e O P , N e w Y o r k .

1 B liss , F a b y a n

&

C o .,

» K W V I » « K . » l> W T « a , P ia il,A D 6 I , P « 1A .

MUUM Aosirra rem t m u u m ft*i!®»
» * » * »

an *
aa*

»U »n ll9

HI! I H T I P W *

•ttV M ttftC N R ,

rnvrm. ntotma. ncxe, nvoKX, tea,
Y ew a ia. M ailt*, W h ile tia o J . and H e e le r ? .
D rills , Sheeting!, A t

lo r Report Trade.

S e tte r a m t eu eeretfu l A g e n tt, eelehing to re p r r .r n t th is C o m p a n y , m a y rom m unieates
,ri!h the P resid en t a t the H om e Office,
■ftlt ftroadu-ay, .Vote Turk.
O F F IC E R S

B l U F O U D ...............F r o .ld e o t

.1...............................sewetarr
H41IT............ AwUtant Seeretary
.A c tu a ry

(iEOKUI A MORTGAGE LOANS.

..C a s h ie r

.Medical Director
TEE;
t>
FINANCE COM----MITTEE:
MACON. OA.
P
re
s.
Chem* N sL B an k
GEO.G, WUJJAMB
JQHS
J,
TUCKEI
J. B. SCHOF1EUR r-f8*
n. M. SMITH. Sec. e. H. I’KRKf.N
i NH
^k
, ; P r « ; i m p : A Trader*' Nal BY
*LUM....................................................... Lbbth*
F. O. 8CHOHBLP. TreMorer.
JAMES K. FLU:

sotnurnN

w in ant. tkitst compant o

Ttrt* cianpaoy make* a specialty of trandline * liw

“s4
4 Or
H e o t f c e n m g * * jj«»
.
M n tre M in tbto B n * we can ..elect t h e beet.
«wrar»4 by
property net the tnyrator «u
Affonlefi by MM oommuuur

1*1

**«l!l*oce. •••**• P«I *en ;.

P rto U p e; »r..-

R. T.
BANKERS

W ils o n & C o .,

AND

COMMISSION

MERCHANTS*

3 3 W a ll S tr e e t. N ew Y ork .

THE CHRONICLE.

442

fin a n c ia l

F in a n c ia l
H .

I.

Judson

[V o l . LXI.

&

C o .,

i n s u r a n c e .

W aller T. B a tch ,
Henry Vrescntt Ba tch ,
A r t h u r M e lvin Batch
M em bers o f N. Y. Stock a n d P ro d u c e E x c h an g es.

B B O K K K 8.

W . T . H a t c h & S ons*
Slamlartl Oil Trust,
Warner Palace Car Co..
9(5 Broadway & 6 Wall S t, New York.
American Hank Note Co.,
Michigan Peninsular Car Co. |)f<l, D ealers in in v e s tm e n t sto ck s an d b o n d s.
Postal Tel. Cable Co.,
P erso n al a tte n tio n g iv e n a t th e N . Y. S to ck E x ­
Long Island Traction,
change fo r th e p u rc h a se a n d sale o n co m m ission o i
A nd all M iscellaneous S ecu ritie s a S pecialty.

Continental Itank Bldg:., 7 Nassau St.,
•

N EW

VOKK.

H . L J UDSON. I M em bers New Y ork Stock
W . H . BUKO Hit, $
E xchange.

stocks a n d b onds fo r ca sh o r o n m a rg in .
in t e r e s t allow ed o n d ep o sits, su b je c t to d r a f t s '
sight.

C o .,

BA NK ERS,

&

BANKERS

•2 E x c h a n g e C o u r t ,

-

BRO K ERS,
-

D E A L E R S IN

M em bers o f t.he C o n so lid a ted E x c h a n g e

INVESTMENT and MISCELLANEOUS C L A P P
& COMPANY
BANKERS,
SECURITIES.
M IU U S B U IL D IN G ,
NEW Y O R K .
SOLICIT ORDERS IK
S o u th e rn S ecu rities a S p ecialty .
S tock**. C o t t o n . G r a i n a n d P r o v i s i o n s .

H a r r im a n & C o .,
B U IL D IN G , N E W

YORK.

BANKERS AND BROKERS,
T ra n s a c t a G en eral B an k in g a n d 8 to c k E xchang#
B usiness.

S im o n

B o rg

&

C o .,

N o . 2 0 N A S S A U S T ., N E W

Y O R K .

D IA L S38 IN ALL KINDS OV

Railroad and Investment Securities,
So u t h e r n S e c u h it ie s

Sp e o i a l t t .

a

Co ,

B A N K ER S AND B R O K E R S,
9 N ew S tre e t a n d 7 4 B ro a d w a y ,
NEW

B ro th e rs

&

Q u o ta tio n s fu rn is h e d f o r P e n n s y lv a n ia R R . Stock,
M etro p o lita n T ra c tio n , L e h ig h V a lie v R R . a n d
o th e r P h ila d e lp h ia sto ck s.
P riv a te W ire to P h ila d e lp h ia .
S pecialty f P h ila d e lp h ia S e c u ritie s.
T e le p h o n e N o. 1289 C o rtlan d .

John

H .

D a v is

N o. 1 0 W A L L

JA N U A R Y 1, 189S,

§162,011,770 93

ASSETS,
LIABILITIES

141,762,463 20

SURPLUS,

820,249,307 73

&

C o .,

S T ., N E W Y O R K .

•

§36,483,313 53

INCOME,

New Business* W ritten
200,086,248 00
iu 1894,
Insurance in Force,

813,294,160 00

O rders fo r S tocks a n d B onds e x e c u te d a t a ll E x ­
c h a n g es. E special a tte n tio n g iv e n to su p p ly in g
high-class
IN V E S T M E N T

S E C U R IT IE S .

ALL N. Y. CITY STREET RAILROAD

Y ORK .

C om pany.

R ea,

10 WALL STREET, NEW YORK.

BANKERS AND BROKERS,

H e n r y g . Ca m p b e l l , j M em b e r. N. Y. Stook
I.
Bo r d e n h a r r i m a n , f
E x c h an g e.

H . G . C a m p b e ll &

B ran c h O ffic e s :
277 Broadw ay, (C o rn er C h am b ers S tre e t.)
621 Broadw ay, (C able B u ild in g , cor. H o u sto n .)
753 F ifth A ve., cor. 58th S t. ( u n d e rP la z a B ank.)
S aratoga, N. Y .
D E P O S IT S R E C E IV E D 3*5 IN T E R E S T A L L O W E D .

D ic k

In su ra n c e

N EY V Y O R K .

B u y a n d S e ll R a i l r o a d S to c k s a n d B o n d s
o n M a r g in o r f o r C a s ii a t 1 - 1 6 th
p e r c e n t C o m m is s io n ,

E Q U IT A B L E

L ife

STO U T,

AND

Rio. 10 WALL, S T R E E T ,
NEW YO RK .

W m . M. H a r r im a n , M em ber N . Y. S tock E x change
O u v i e H a r b im a n , J r . N ic h o l a s F i s h , Special

Y o rk

W R IG H T C. 8 TO U T

HOW ARD A. H A V EN .

HAVEN
R . A . L a n c a s te r &

N ew

* Not including revived policies, or
revisionary additions.

A n d o t h e r I n v e s tm e n t S e c u r i tie s d e a l t in by

G ilm a n , S o n & C o .,

R . J.

J a c o b s & C o .,

BA NK ERS,
N o . 62 C E D A R

ST R E E T ,

I n a d d itio n to a G en eral B a n k in g B u sin ess, B u j
a n a Sell G o v e rn m e n t B onds a n d In v e s tm e n t S e ­
cu ritie s.
--------------------------------------------------- ------------------- -

H a tc h

&

F o o te ,

b a n k e r s

41 N E W S T R E E T ,
N EW Y O R K ,
M E M B ER S N . Y . STOCK E X C H A N G E .
O rd ers in 8to c k s a n d B o n d s e x e c u te d f o r C ash oi
o n M argin.

INVESTMENT BONDS A SPECIALTY

R o ls to n

.

No. 3 NASSAU STREET, NEW YORK,
I N V E S T M E 'v<r -S'E C U R I 1 1 E S .

&

B ass,

STOCKS, BO ND S A ND M ISC E LLA N EO U S
S E C U R IT IE S .
W . H . R O LSTO N ,
2 0 B ro a d S tre e t,
W . A L E X . BASS, JR .,
NEW Y O R K .
M em bers N. Y. S to ck E x.
P . O. B o x 2,956.
E D W IN S. H O O L E Y .

^ m ! r o ! P S v - hZ th e BA NK OF M A N H A T T A N
( U M l'A rs^ , ^ e w York, o f th e m o n e v s rem ain in g
u n claim ed in accordance w ith S ection 28. A rtic le
I,
C h ap ter «89, o f th e B an k in g L aw s o f 1892, N o . 8 R R O A D S T R E E T , N E W Y O R K .
S ta te o f N ew Y ork.
S ep t. 2 4 ,18M. J . L. D avis & Son, 184. S outh
STOCKS AND BONDS.
S tr e e t........................................................
« 5 q qo
21. lblto. E s ta te o f C a th a rin e B. F is h ..
70 89 M A R G I N
ACCOUNTS SOLICITED.
H ;s - (’reen i T re n to n , N. J . ...
62 63
A p ril 25,1888. E s ta te Of W illiam ilu tc liln . IN T E R E S T A L L O W E D ON B A L A N C E S.
_ ,
son. u n k n o w n ......................................... 17 7 1 0 8
C o rresp o n d en ce
75i r J- O’Neill, 229 B ro ad w ay ......... ’ §3 55 M arket L e tte r o n A p p lic a tio n .
B ! ;*
L S tebbins & Sou. N. Y ..........
858 37
In v ite d . E s ta b lis h e d 1868.
a SPJ' v ’ S
’ 19*S ' *m ith ’ C larkvilie. T e n n .
M5 66
All olasses of U n lis te d S ecu ritie s a n d T ra c tio n
A u g . , 1890. I . \\ . S ta r k , u n k n o w n .................
380 00
8 to c k s lB o u g h t a n d Sold.
....
, Unclaimed Dividends.
oo d iv id en d s. M a rg u re t J e n k in s , u n k now n. 248 00
od
• T h o m as'K eefe ,
“
363 50
S E C U R E
B A N K
V A U L
T S .
■■
H en ry Moss.
“
3,524 00
Tin*i
J o h a n n a M urphy,
“
24849

F r e d . H . S m ith ,

4

iaar

il*lS*reH: N»w York State Stock—

™ K ' I W n 1111111,; u n k n o w n ......................... $ 1“5 00
jD e B e a u lie u .
.................
63 00
185
& H * Cam eron a n d M. S ..........................
M asters, In t r u s t fo r
.................
1865. | t e n « r o h , u . s - v . v : S S S

$ 2 U ? & & T v,or' D-8 (..........

«*>

v *nS^ua ?P C ounty o f N ew Y ork, \ss*
nf
v S i r 1?* f “ h *«rof ,lu ’ M a n h a tta n Com pany
' rkl ,,e,n *P flul> Hworn, says th e fo reg o in g
is in all re sp e c ts a tr u e s ta te m e n t to th e b est of
h is know ledge a n d belief.
Sw
f re m e
J - T - B A L D W IN , C ashier.
Sw orn
orn fY
U> bHe fo
th is 8 th d ay o f A ug., 181)5.
j Seal. J
W. S. J o u n s o x ,
N otary P u b lic, N . Y. Co.

GENUINE

WELDED CHROME STEEL AND IRON
R ound a n d F la t B a rs a n d 5-ply P la te s a n d A n g les
FO R S A F E S , V A U L T S, &c.
C a n n o t be Saw ed, C u t o r D rilled, a n d p o sitiv ely
B u rg la r-P ro o f.
CH ROM E STEEL W O R K S,
K e n t A ve., K eap & H o o p e r Sts.,
S He M a n T e rs in t h e U . 8 . B R O O K L Y N , N . Y .

J O H N A. M cC A L L ,
P r e s id e n t .

HENRY TUCK,
V ic e - P r e s id e n t .

Archibald H. Welch, 2d Yice-Pres’t.
George W. Perkins, 3d Yice-Pres’t.
Edward N. Gibbs, Treasurer.
Rufus W. Weeks, Actuary.
Hugh S. Thompson, Comptroller
Charles C. Whitney, Secretary.